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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['SEC Chair Gary Gensler will be in the hot seat on Tuesday, the star witness before the full U.S. House Committee on Financial Services on the topic of "Oversight of the Securities and Exchange Commission." The next day, the Subcommittee on Digital Assets, Financial Technology and Inclusion will take up draft legislation relating to stablecoins. On the regulatory front, Gensler has found himself again under fire from within his own agency, with SEC Commissioner Hester Peirce on Friday filing a robust dissent against Gensler\'s latest policy move , which changes the statutory definition of a securities exchange to include cryptocurrency and digital asset exchanges. Gensler said amendments to the definition of \x93exchange\x94 under the federal Exchange Act Rule are necessary to address platforms that trade crypto asset securities, including "so-called \'DeFi\' systems," asserting that "many crypto trading platforms already come under the current definition of an exchange." Pierce titled her rebuttal, "Rendering Innovation Kaput." SEC\x92s Hester Peirce Says Gensler\x92s Plan to Target DeFi Undermines First Amendment "Rather than embracing the promise of new technology as we have done in the past, here we propose to embrace stagnation, force centralization, urge expatriation, and welcome extinction of new technology," Pierce wrote, going as far as to say the SEC\'s release "undermines fundamental First Amendment protections." The dispute over the definition of an exchange is only one of the items on the Financial Services Committee agenda, however. "This hearing will examine the regulatory developments, rulemakings, and activities that the SEC has undertaken in the period since the last hearing on October 5, 2021," explained the committee majority staff, including the definition change that "potentially [expands] the SEC\x92s authority over digital asset trading platforms." Story continues Also on the docket, a SEC declaration from last March calling on digital asset custodians to change the way they report liabilities and assets\x97which some lawmakers said increased potential losses . The committee will also revisit a SEC proposal made in February that called for registered investment advisors to include Bitcoin holdings among other assets held by "qualified custodians." \x93In what is becoming something of a habit, the Commission is once more proposing to dictate contract provisions involving entities the Commission does not regulate,\x94 Peirce said at the time. \x93The Commission does not have authority to regulate custodians directly, but we propose to regulate them indirectly." SEC\x92s Hester Peirce Says Gensler\x92s Plan to Target DeFi Undermines First Amendment The next day, Congress will take up the topic, "Understanding Stablecoins\x92 Role in Payments and the Need for Legislation." The Wednesday hearing agenda includes reviewing 72 pages of draft legislation "to provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes." The draft bill includes extensive definitions, establishes requirements at the federal and state level to issue stablecoins, and sets up standards for interoperability, reporting, and enforcement. The legislation also calls for a two year moratorium on new stablecoins until a study can be completed by the U.S. Treasury. Jeremy Allaire, Co-founder & CEO of Circle, called the bill "a product of bi-partisan efforts" and "the first comprehensive proposed law for Payment stablecoins." Draft US Digital Dollar / Payment Stablecoin Bill Enters Congress 1/ A product of bi-partisan efforts, the first comprehensive proposed law for Payment Stablecoins has arrived in Congress. Some thoughts below: https://t.co/SD0x2oQMmk \x97 Jeremy Allaire (@jerallaire) April 15, 2023 "It\'s an extraordinary moment for the future of the dollar in the world, and the future of currency on the internet," Allaire declared on Twitter. "It\'s time for US leadership, and that means clear regulation and empowering entrepreneurship and innovation within the framework of US prudential law." Among those expected to testify are Dante Disparte, Chief Strategy Officer and global policy head at Circle, Jake Chervinsky, Chief Policy Officer at the Blockchain Association, Columbia Business School adjunct assistant professor Austin Campbell, and Adrienne A. Harris, sSuperintendent of the New York State Department of Financial Services. Advising followers to tune into the Wednesday hearing, Allaire acknowledged that the proposed bill still needs more work. "While comprehensive, there are clearly open and challenging issues with the bill as proposed, and now is the time for our country and political leaders to really dig in and get this right," he said. "The role of the dollar in the world is at stake."', 'SEC Chair Gary Gensler will be in the hot seat on Tuesday, the star witness before the full U.S. House Committee on Financial Services on the topic of "Oversight of the Securities and Exchange Commission." The next day, the Subcommittee on Digital Assets, Financial Technology and Inclusion will take up draft legislation relating to stablecoins.\nOn the regulatory front, Gensler has found himself again under fire from within his own agency, with SEC Commissioner Hester Peirce on Friday filing arobust dissentagainst Gensler\'slatest policy move, which changes the statutory definition of a securities exchange to include cryptocurrency and digital asset exchanges.\nGensler said amendments to the definition of “exchange” under the federal Exchange Act Rule are necessary to address platforms that trade crypto asset securities, including "so-called \'DeFi\' systems," asserting that "many crypto trading platforms already come under the current definition of an exchange."\nPierce titled her rebuttal, "Rendering Innovation Kaput."\nSEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment\n"Rather than embracing the promise of new technology as we have done in the past, here we propose to embrace stagnation, force centralization, urge expatriation, and welcome extinction of new technology," Pierce wrote, going as far as to say the SEC\'s release "undermines fundamental First Amendment protections."\nThe dispute over the definition of an exchange is only one of the items on the Financial Services Committee agenda, however.\n"This hearing will examine the regulatory developments, rulemakings, and activities that the SEC has undertaken in the period since the last hearing on October 5, 2021,"explainedthe committee majority staff, including the definition change that "potentially [expands] the SEC’s authority over digital asset trading platforms."\nAlso on the docket, a SEC declaration from last March calling on digital asset custodians to change the way they report liabilities and assets—which some lawmakers saidincreased potential losses. The committee will also revisit a SEC proposal made in February that called for registered investment advisors to include Bitcoin holdings among other assets held by "qualified custodians."\n“In what is becoming something of a habit, the Commission is once more proposing to dictate contract provisions involving entities the Commission does not regulate,” Peirce said at the time. “The Commission does not have authority to regulate custodians directly, but we propose to regulate them indirectly."\nSEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment\nThe next day, Congress will take up the topic, "Understanding Stablecoins’ Role in Payments and the Need for Legislation." The Wednesday hearing agenda includes reviewing 72 pages ofdraft legislation"to provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes."\nThe draft bill includes extensive definitions, establishes requirements at the federal and state level to issue stablecoins, and sets up standards for interoperability, reporting, and enforcement. The legislation also calls for a two year moratorium on new stablecoins until a study can be completed by the U.S. Treasury.\nJeremy Allaire, Co-founder & CEO of Circle, called the bill "a product of bi-partisan efforts" and "the first comprehensive proposed law for Payment stablecoins."\n"It\'s an extraordinary moment for the future of the dollar in the world, and the future of currency on the internet," Allaire declared on Twitter. "It\'s time for US leadership, and that means clear regulation and empowering entrepreneurship and innovation within the framework of US prudential law."\nAmong those expected to testify are Dante Disparte, Chief Strategy Officer and global policy head at Circle, Jake Chervinsky, Chief Policy Officer at the Blockchain Association, Columbia Business School adjunct assistant professor Austin Campbell, and Adrienne A. Harris, sSuperintendent of the New York State Department of Financial Services.\nAdvising followers to tune into the Wednesday hearing, Allaire acknowledged that the proposed bill still needs more work.\n"While comprehensive, there are clearly open and challenging issues with the bill as proposed, and now is the time for our country and political leaders to really dig in and get this right," he said. "The role of the dollar in the world is at stake."', 'High-profile tech entrepreneur Bob Lee was stabbed to death outside a luxury apartment building in San Francisco in the early hours of 4 April. The 43-year-old was found at 2.35am outside a luxury high rise apartment on the 300 block of Main St, near Rincon Hill and the Bay Bridge, with life-threatening stab wounds, the San Francisco Police Department said in a statement. The tech executive was treated at the scene by first responders before being rushed to hospital where he died from his injuries, police said. Police arrested fellow tech executive Nima Momeni on 13 April in connection with the killing and he was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Here’s what we know so far about the murder. Attacked a block from Google HQ The San Francisco Police Department said in a statement that Lee was found with two stab wounds to the chest in Downtown San Francisco between Soma and the Financial District, a block from Google’s San Francisco headquarters. Cash App creator Bob Lee has reportedly been stabbed to death in San Francisco (MobileCoin) Friend and MMA fighter Jake Shields tweeted that Lee appeared to have been the victim of a random mugging in the “good part of the city”. The tweet caught the attention of Twitter CEO Elon Musk, who offered his condolences and called on San Francisco district attorney Brooke Jenkins to take tougher action against violent criminals. “Many people I know have been severely assaulted,” Mr Musk tweeted . “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat violent offenders Brooke Jenkins?” Elon Musk has been a frequent critic of efforts to reform criminal justice in San Francisco (Associated Press) Ms Jenkins later tweeted her “sincerest condolences” to Lee’s grief-stricken family and friends. “We do not tolerate these horrific acts of violence in San Francisco,” she added. Responding to Mr Musk, she said: “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.” Story continues A suspect arrested more than a week after attack On 13 April it was reported that San Francisco police had arrested fellow tech executive Nima Momeni in connection with the fatal stabbing. Mr Momeni has been booked into the San Francisco Sheriff’s Jail. “This is the first step toward justice,” Ms Lee said from her home in Miami, where Bob Lee had moved from Mill Valley, California, last year. Police in San Francisco arrested Mr Momeni on Thursday. Mr Momeni, 38, allegedly stabbed the 43-year-old after being involved in an altercation while driving in San Francisco ’s Rincon Hill area early on 4 April. San Francisco Police Chief William Scott confirmed Mr Momeni had been charged with one count of murder at a press conference on Thursday. The suspect was arrested without incident at an address in Emeryville, a city in the Bay Area, early on Thursday. The Mission Local news site was the first to report the arrest and said that the pair were known to each other. Mr Momeni appeared in court for the first time on Friday after the case sparked a furious debate about public safety in the city. A crowd of reporters packed into the courtroom as the suspect’s sister Khazar Momeni, also called Khazar Elyassnia, attended the hearing with her husband, Dr Dino Elyassnia, and three other members of the family, according to Mr Momeni’s temporary lawyer Robert Canny, The San Francisco Standard reported. The suspect was wearing an orange sweatshirt and sweatpants as his sister and another woman held up her hands in the shape of a heart as the suspect smiled at them. Mr Momeni’s arraignment was initially set to take place on Friday, but it has now been rescheduled for 25 April. He will be represented for the rest of the proceedings by Mr Canny’s sister, Paula Canny, a private lawyer from Burlingame, California who wasn’t present on Friday, the paper noted. “The facts of what occurred, or didn’t occur, will come out over time,” Mr Canny said, stepping in for his vacationing sister. Mr Momeni didn’t speak in court except to say “yes, your honour” when he was asked if he agreed to decline his right to a quick trial. The suspect is set to remain in custody without bail. He didn’t enter a plea on Friday and he didn’t make any comments. His next appearance is set to take place at 9am PT on 25 April. Booking records from the San Francisco County jail show that Mr Momeni was booked in on a murder charge at 9.19am on Thursday. The arrest was earlier confirmed by Lee’s ex-wife Krista, his brother Tim Oliver Lee, and city officials on Thursday. Onlookers ignored Lee’s plea for help Surveillance footage appears to capture Lee approaching a parked car clutching one side of his body and bleeding heavily from stab wounds. The 43-year-old father of two lifts his shirt to show the driver the extent of his injuries , but rather than help, the motorist speeds off. Those last tragic moments as he stumbled down Main St in San Francisco’s downtown district at 2.30am on Tuesday in search of help were caught on CCTV and viewed by journalists from The San Francisco Standard . The footage did not capture the stabbing, but shows Lee walking along a deserted sidewalk on Main St with his mobile phone in one hand and holding his side with the other, The Standard reported. Bob Lee, who founded the Cash App, was stabbed to death in the early hours of Tuesday morning in San Francisco (Twitter / Bob Lee) The Cash App founder then crosses at the intersection with Harrison St toward where a white Toyota Camry with flashing lights is parked. The footage reportedly shows Lee lift up his shirt in a plea for help, and then fall to the ground as the driver pulls away. Lee then gets back to his feet and starts to retrace his steps along Main St in the direction of the Bay Bridge before collapsing again outside the Portside apartment building at 403 Main St. He could be heard pleading for help on a 911 call made at 2.34am, according to The Standard. The news site reported that it witnessed staff members cleaning what appeared to be blood from the side of the building on Wednesday. Father says he lost his ‘best friend’ In a Facebook post on Wednesday, Lee’s grieving father Rick Lee described the slain tech mogul as his “best friend”. Mr Lee Sr wrote that the pair had lived together in Mill Valley, California, since the death of his wife in 2019, before relocating to Miami in October last year. “Bob would give you the shirt off his back. He would never look down on anyone and adhered to a strict no-judgment philosophy,” his father wrote. Rick Lee wrote that “life has been an adventure with two bachelors living together”, and the pair had grown close in recent years: “Bobby worked harder than anyone and was the smartest person I have ever known. He will be missed by all those that knew him.” Bob Lee pictured at the New York Stock Exchange in 2015 on the day that Square, now known as Block, listed as a public company (Facebook / Bob Lee) Bob Lee’s brother Tim wrote in a separate post that he was “saddened and disheartened” over the senseless slaying. Lee reportedly separate from his wife Krista in 2019. They have two daughters, Dagny and Scout. ‘Crazy Bob’ Bob Lee was a much-loved member of the San Francisco tech community, where he was affectionately known as Crazy Bob. After working as an open source code developer in Missouri, where he attended St Louis University, Lee moved to San Francisco in his early 20s in 2004 to work as an engineer at Google, according to the San Francisco Standard. There he led a team that developed the first Android app. Lee was headhunted by Square, becoming its 13th employee, where he helped launch the Cash App and became the payment firm’s first chief technology officer in 2011, a Linkedin profile shows. Bob Lee, known to his friends as ‘Crazy Bob’, was knifed to death in central San Francisco early on Tuesday morning (Twitter / Bob Lee) After leaving Square in 2014, he invested in several tech startups including Clubhouse, Beeper and Faire, and the female-focused social media and networking company Present. He identified as a “stay at home dad” in an online blog post during this period. In 2021, Lee joined MobileCoin, a crypto payment firm, as its chief product officer. Stabbing shakes San Francisco tech community Lee’s former boss Jack Dorsey was one of many well-known San Francisco tech entrepreneurs to express their shock and grief at his death. “It’s real,” Mr Dorsey wrote on his social network Nostr . “Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy,” he wrote, in an apparent reference to Lee’s hometown of St Louis. MobileCoin CEO Joshua Goldbard wrote that Lee was an “incredible human being”. “Bob was so much more than a technologist. Bob was an artist. Everywhere he went Bob breathed love into this world. He had so much deep heartfelt love. Traveling with Bob was like seeing the world for the first time,” Mr Goldbard wrote. “As a lifelong Bay Area resident I have more questions than answers tonight. I don’t know how to fix what’s wrong, but I know something isn’t working in our grey city,” he added. Tributes poured in for the slain tech founder from his many friends in Silicon Valley and beyond. Jack Dorsey at the Bitcoin 2021 conference in Miami, Florida (Marco Bello/AFP via Getty Images) “He was a generous decent human being who didn’t deserve to be killed,” Bill Barhydt, CEO of Abra, posted on Twitter. “So sad to hear of @crazybob’s untimely passing,” Figma CEO Dylan Field wrote on Twitter. “I first met him in summer 2006 — he didn’t care that I was only 14 and we talked tech / geeked out about programming. We remained connected over the years and he was an early supporter of Figma. It’s so hard to believe he is gone.” Other Silicon Valley executives laid the blame for Lee’s death on Mayor London Breed and the city’s Board of Supervisors. “Congratulations, your policies have claimed another life,” wrote Alan Alden, a Palo Alto financier who was friends with Lee. Venture capitalist Matt Ocko, another friend, wrote on Twitter that “Chesa Boudin, & the criminal-loving city council that enabled him & a lawless SF for years, have Bob’s literal blood on their hands”. Mr Boudin was Ms Jenkins’ predecessor as San Francisco district attorney and had become publicly associated with liberal policies on criminal justice. On the San Francisco Reddit forum , friends and acquaintances of Lee expressed frustration at “all the needless violence”. “Something seriously needs to change in this city,” one wrote. Crime in San Francisco San Francisco is often portrayed as a lawless city where drug use and homelessness have fueled a surge in violent crime and robberies. That narrative led in part to former District Attorney Chesa Boudin being ousted in a recall election in June last year, after he sought to eliminate cash bail and reduce the prison population. Ms Jenkins took over as District Attorney on a platform of balancing criminal justice reform while making stiffer penalties for violent offenders, and won re-election last November, Members of the San Francisco Homeless Outreach Team’s Encampment Resolution Team speak to with homeless people in San Francisco in 2022 (file) (Associated Press.) Figures from the San Francisco Police Department’s crime reports show the situation is more complicated than often portrayed. While some violent crime began increasing during the pandemic, rates were still much lower than in previous years. In 2022, homicide rates remained flat at 55, exactly the same number as the previous year. Homicides hit a 56-year low in the city in 2019, when 41 people were killed in the city. There have been 12 homicides in the city so far in 2023, preliminary data shows. Aggravated assault, robbery and rape increased in 2022, but was still much lower than in 2016, 2017 and 2018, according to San Francisco crime statistics.', 'High-profile tech entrepreneur Bob Lee was stabbed to death outside a luxury apartment building in San Francisco in the early hours of 4 April. The 43-year-old was found at 2.35am outside a luxury high rise apartment on the 300 block of Main St, near Rincon Hill and the Bay Bridge, with life-threatening stab wounds, the San Francisco Police Department said in a statement. The tech executive was treated at the scene by first responders before being rushed to hospital where he died from his injuries, police said. Police arrested fellow tech executive Nima Momeni on 13 April in connection with the killing and he was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Here’s what we know so far about the murder. Attacked a block from Google HQ The San Francisco Police Department said in a statement that Lee was found with two stab wounds to the chest in Downtown San Francisco between Soma and the Financial District, a block from Google’s San Francisco headquarters. Cash App creator Bob Lee has reportedly been stabbed to death in San Francisco (MobileCoin) Friend and MMA fighter Jake Shields tweeted that Lee appeared to have been the victim of a random mugging in the “good part of the city”. The tweet caught the attention of Twitter CEO Elon Musk, who offered his condolences and called on San Francisco district attorney Brooke Jenkins to take tougher action against violent criminals. “Many people I know have been severely assaulted,” Mr Musk tweeted . “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat violent offenders Brooke Jenkins?” Elon Musk has been a frequent critic of efforts to reform criminal justice in San Francisco (Associated Press) Ms Jenkins later tweeted her “sincerest condolences” to Lee’s grief-stricken family and friends. “We do not tolerate these horrific acts of violence in San Francisco,” she added. Responding to Mr Musk, she said: “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.” Story continues A suspect arrested more than a week after attack On 13 April it was reported that San Francisco police had arrested fellow tech executive Nima Momeni in connection with the fatal stabbing. Mr Momeni has been booked into the San Francisco Sheriff’s Jail. “This is the first step toward justice,” Ms Lee said from her home in Miami, where Bob Lee had moved from Mill Valley, California, last year. Police in San Francisco arrested Mr Momeni on Thursday. Mr Momeni, 38, allegedly stabbed the 43-year-old after being involved in an altercation while driving in San Francisco ’s Rincon Hill area early on 4 April. San Francisco Police Chief William Scott confirmed Mr Momeni had been charged with one count of murder at a press conference on Thursday. The suspect was arrested without incident at an address in Emeryville, a city in the Bay Area, early on Thursday. The Mission Local news site was the first to report the arrest and said that the pair were known to each other. Mr Momeni appeared in court for the first time on Friday after the case sparked a furious debate about public safety in the city. A crowd of reporters packed into the courtroom as the suspect’s sister Khazar Momeni, also called Khazar Elyassnia, attended the hearing with her husband, Dr Dino Elyassnia, and three other members of the family, according to Mr Momeni’s temporary lawyer Robert Canny, The San Francisco Standard reported. The suspect was wearing an orange sweatshirt and sweatpants as his sister and another woman held up her hands in the shape of a heart as the suspect smiled at them. Mr Momeni’s arraignment was initially set to take place on Friday, but it has now been rescheduled for 25 April. He will be represented for the rest of the proceedings by Mr Canny’s sister, Paula Canny, a private lawyer from Burlingame, California who wasn’t present on Friday, the paper noted. “The facts of what occurred, or didn’t occur, will come out over time,” Mr Canny said, stepping in for his vacationing sister. Mr Momeni didn’t speak in court except to say “yes, your honour” when he was asked if he agreed to decline his right to a quick trial. The suspect is set to remain in custody without bail. He didn’t enter a plea on Friday and he didn’t make any comments. His next appearance is set to take place at 9am PT on 25 April. Booking records from the San Francisco County jail show that Mr Momeni was booked in on a murder charge at 9.19am on Thursday. The arrest was earlier confirmed by Lee’s ex-wife Krista, his brother Tim Oliver Lee, and city officials on Thursday. Onlookers ignored Lee’s plea for help Surveillance footage appears to capture Lee approaching a parked car clutching one side of his body and bleeding heavily from stab wounds. The 43-year-old father of two lifts his shirt to show the driver the extent of his injuries , but rather than help, the motorist speeds off. Those last tragic moments as he stumbled down Main St in San Francisco’s downtown district at 2.30am on Tuesday in search of help were caught on CCTV and viewed by journalists from The San Francisco Standard . The footage did not capture the stabbing, but shows Lee walking along a deserted sidewalk on Main St with his mobile phone in one hand and holding his side with the other, The Standard reported. Bob Lee, who founded the Cash App, was stabbed to death in the early hours of Tuesday morning in San Francisco (Twitter / Bob Lee) The Cash App founder then crosses at the intersection with Harrison St toward where a white Toyota Camry with flashing lights is parked. The footage reportedly shows Lee lift up his shirt in a plea for help, and then fall to the ground as the driver pulls away. Lee then gets back to his feet and starts to retrace his steps along Main St in the direction of the Bay Bridge before collapsing again outside the Portside apartment building at 403 Main St. He could be heard pleading for help on a 911 call made at 2.34am, according to The Standard. The news site reported that it witnessed staff members cleaning what appeared to be blood from the side of the building on Wednesday. Father says he lost his ‘best friend’ In a Facebook post on Wednesday, Lee’s grieving father Rick Lee described the slain tech mogul as his “best friend”. Mr Lee Sr wrote that the pair had lived together in Mill Valley, California, since the death of his wife in 2019, before relocating to Miami in October last year. “Bob would give you the shirt off his back. He would never look down on anyone and adhered to a strict no-judgment philosophy,” his father wrote. Rick Lee wrote that “life has been an adventure with two bachelors living together”, and the pair had grown close in recent years: “Bobby worked harder than anyone and was the smartest person I have ever known. He will be missed by all those that knew him.” Bob Lee pictured at the New York Stock Exchange in 2015 on the day that Square, now known as Block, listed as a public company (Facebook / Bob Lee) Bob Lee’s brother Tim wrote in a separate post that he was “saddened and disheartened” over the senseless slaying. Lee reportedly separate from his wife Krista in 2019. They have two daughters, Dagny and Scout. ‘Crazy Bob’ Bob Lee was a much-loved member of the San Francisco tech community, where he was affectionately known as Crazy Bob. After working as an open source code developer in Missouri, where he attended St Louis University, Lee moved to San Francisco in his early 20s in 2004 to work as an engineer at Google, according to the San Francisco Standard. There he led a team that developed the first Android app. Lee was headhunted by Square, becoming its 13th employee, where he helped launch the Cash App and became the payment firm’s first chief technology officer in 2011, a Linkedin profile shows. Bob Lee, known to his friends as ‘Crazy Bob’, was knifed to death in central San Francisco early on Tuesday morning (Twitter / Bob Lee) After leaving Square in 2014, he invested in several tech startups including Clubhouse, Beeper and Faire, and the female-focused social media and networking company Present. He identified as a “stay at home dad” in an online blog post during this period. In 2021, Lee joined MobileCoin, a crypto payment firm, as its chief product officer. Stabbing shakes San Francisco tech community Lee’s former boss Jack Dorsey was one of many well-known San Francisco tech entrepreneurs to express their shock and grief at his death. “It’s real,” Mr Dorsey wrote on his social network Nostr . “Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy,” he wrote, in an apparent reference to Lee’s hometown of St Louis. MobileCoin CEO Joshua Goldbard wrote that Lee was an “incredible human being”. “Bob was so much more than a technologist. Bob was an artist. Everywhere he went Bob breathed love into this world. He had so much deep heartfelt love. Traveling with Bob was like seeing the world for the first time,” Mr Goldbard wrote. “As a lifelong Bay Area resident I have more questions than answers tonight. I don’t know how to fix what’s wrong, but I know something isn’t working in our grey city,” he added. Tributes poured in for the slain tech founder from his many friends in Silicon Valley and beyond. Jack Dorsey at the Bitcoin 2021 conference in Miami, Florida (Marco Bello/AFP via Getty Images) “He was a generous decent human being who didn’t deserve to be killed,” Bill Barhydt, CEO of Abra, posted on Twitter. “So sad to hear of @crazybob’s untimely passing,” Figma CEO Dylan Field wrote on Twitter. “I first met him in summer 2006 — he didn’t care that I was only 14 and we talked tech / geeked out about programming. We remained connected over the years and he was an early supporter of Figma. It’s so hard to believe he is gone.” Other Silicon Valley executives laid the blame for Lee’s death on Mayor London Breed and the city’s Board of Supervisors. “Congratulations, your policies have claimed another life,” wrote Alan Alden, a Palo Alto financier who was friends with Lee. Venture capitalist Matt Ocko, another friend, wrote on Twitter that “Chesa Boudin, & the criminal-loving city council that enabled him & a lawless SF for years, have Bob’s literal blood on their hands”. Mr Boudin was Ms Jenkins’ predecessor as San Francisco district attorney and had become publicly associated with liberal policies on criminal justice. On the San Francisco Reddit forum , friends and acquaintances of Lee expressed frustration at “all the needless violence”. “Something seriously needs to change in this city,” one wrote. Crime in San Francisco San Francisco is often portrayed as a lawless city where drug use and homelessness have fueled a surge in violent crime and robberies. That narrative led in part to former District Attorney Chesa Boudin being ousted in a recall election in June last year, after he sought to eliminate cash bail and reduce the prison population. Ms Jenkins took over as District Attorney on a platform of balancing criminal justice reform while making stiffer penalties for violent offenders, and won re-election last November, Members of the San Francisco Homeless Outreach Team’s Encampment Resolution Team speak to with homeless people in San Francisco in 2022 (file) (Associated Press.) Figures from the San Francisco Police Department’s crime reports show the situation is more complicated than often portrayed. While some violent crime began increasing during the pandemic, rates were still much lower than in previous years. In 2022, homicide rates remained flat at 55, exactly the same number as the previous year. Homicides hit a 56-year low in the city in 2019, when 41 people were killed in the city. There have been 12 homicides in the city so far in 2023, preliminary data shows. Aggravated assault, robbery and rape increased in 2022, but was still much lower than in 2016, 2017 and 2018, according to San Francisco crime statistics.', 'Short-squeeze stocks have been one of the most intriguing phenomena on Wall Street in recent years. Driven by online communities of retail investors, these stocks can soar to incredible heights in a matter of days, squeezing out the short sellers who bet against them. It often takes just a small catalyst for many of these stocks soaked in red ink to make a sharp U-turn.\nNaturally, almost all these short-squeeze stocks have fundamental flaws that justify their bearish sentiment. But unexpected events, such as an acquisition or new funding, can (and do) happen. Going contrarian before these events can pay off heavily, but it is risky. However, if you play your cards right, the potential rewards here are very compelling.\nThus if your appetite can handle the risk, I believe the following three short-squeeze stocks could beat the bears:\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Jonathan Weiss / Shutterstock.com\nCarvana(NYSE:CVNA), an online used car retailer, is one of the most significantly shorted stocks in the market right now. The short interest here is66.8%, although CVNA has doubled since last year. That’s because the company faces the risk of bankruptcy due to high amounts of cash burn and debt on its balance sheet.\nFor example, its cash-to-debt ratiois at 0.5, worse than 92% of its peers. Its debt-to-equity and debt-to-earnings before interest, taxes, depreciation and amortization are also the worst in the vehicle parts sector. With that in mind, it’s easy to understand why the Street is so bearish on the stock.\nHowever, contrarians argue that it’s not all doom and gloom for the business just yet. The company can still sell off its assets and restructure its debt to stay afloat until the macroeconomic environment allows it to recover long-term. That is certainly possible if both the economy and the used auto market start to play in its favor, but the high amount of debt will keep the company strangled for years to come.\nRegardless, the short interest in this stock will likely trigger a rally when good news does come. I do not see the business going bankrupt soon as it has $3.9 billion in liquidity, enough to go through 2023.\nSource: JJava Designs / Shutterstock\nAMC Entertainment(NYSE:AMC) has been ameme stockin the spotlight for the last two years. It had an eye-watering 2,695%-plus rally that lasted until the first half of 2021, primarily driven by retail investors fromReddit. So far in 2023, it has gained 35.9% year-to-date, and excitement still hasn’t dried up.\nThe recent rally is due to the company holding off on its decision to do areverse stock splitand the conversion ofAMC Preferred Equity(NYSE:APE) units to common shares after alawsuit. While that does hurt the business’ underlying ability to raise cash this way, meme stock investors rarely invest because of a company’s financials. Thus, even if the AMC business has lots of headwinds, it has too much short interest to not be among the biggest short-squeeze stock candidates. 2023 is also a year where many more anticipated movie titles are going to be released.\nNonetheless, the risk here is extreme as big moves can be made either way. Borrowing costs are exceptionally high for the stock, while the lawsuit adds another level of uncertainty.\nSource: Yev_1234 / Shutterstock\nMarathon Digital(NASDAQ:MARA) has been building up momentum for a breakout as the crypto rally refuses to cool down. The company had substantial selling pressure that is now fading away against the backdrop of a 200%-plus YTD gain. The remaining bears are also likely to give up if trends continue.\nThe company continues to grow itsBitcoin(BTC-USD) mining operations with a record production of687 BTC, up 45% month-over-month, and on track todouble its hash ratein the next few months. I believe this can make MARA among the best-performing short-squeeze stocks if it succeeds in doubling its hash rate ahead of theBitcoin halving. It also holds over 8,090 BTC that can significantly appreciate in value after the halving event. The short interest here is26.82%.\nOnPenny Stocksand Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.com’s writers disclose this fact and warn readers of the risks.\nRead More: Penny Stocks —How to Profit Without Getting Scammed\nOn the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him onLinkedIn.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Stocks to Buy for a Massive Short-Squeeze Rally in Aprilappeared first onInvestorPlace.', 'Short-squeeze stocks grabbed headlines last year following the monumental meme stock frenzy in 2021.\nThe phenomenon emerged from the trenches of Reddit where traders banded together leaving short-sellers scrambling to cover their positions.\nIn the blink of an eye, these stocks witnessed massive price jumps, defying investing logic. Since then,meme stockshave become part of Wall Street’s convention, piquing the interest of investors looking for quick gains.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nHowever, it’s imperative to understand that not all short-squeeze stocks are created equal. For valid reasons, some stocks face heavy shorting, and investing in them comes with massive risks.\nIn this article, we’ll delve into three short-squeeze stocks that are defying the odds, delivering incredible returns, and capturing the attention of those daring enough to ride the rollercoaster.\nHere are three of the most shorted stocks to invest in now.\n[{"EVGO": "UPST", "EVgo": "Upstart", "$6.29": "$16.75"}, {"EVGO": "MARA", "EVgo": "Marathon Digital", "$6.29": "$10.04"}]\nSource: Sundry Photography / Shutterstock.com\n• Short Interest (%):34.5%\nElectric vehicle charging infrastructure providerEVgo(NASDAQ:EVGO) has been tracking well on Reddit, a platform instrumental in ushering in the meme stock phenomena in 2021.\nShort interest remains remarkably high in the stock, witnessing massive spikes in value in the past month. Moreover,with a beta value of over 1.8, it moves almost two times as fast as the market.\nEVgo operates a robust network of fast EV chargers across more than 800 locations spread across the U.S., boasting a customer base of over 300,000. Roughly two-thirds of the U.S. population has access to its fast chargers, with unmatched coverage of the U.S. within a 10-mile radius.\nUnlike many stocks that Redditors rally behind, EVgo operates a flourishing business, with revenues growing by double-digit margins over the past few quarters.\nIn its most recent quarter, it posted a massive 282% bump in sales to $27.3 million. As we advance, it is poised to continue flourishing and trade in the green as it has over the past few months.\nSource: rafapress / Shutterstock.com\n• Short Interest (%):42.09%\nUpstart(NASDAQ:UPST) operates a powerful AI-driven lending platform that soared in popularity during the risk-on sentiment in the U.S.\nHowever, with the Fed pivoting to a hawkish stance, its business suffered immensely following the rising inflationary pressures. Upstart’s effective AI models have proven more effective than the traditional FICO approach, will drive long-term success for the business.\nThe current banking crisis and a pessimistic economic outlook weigh the company’s prospects. It has enough in its cash till to endure the pain until its business picks up the pace again.\nShort interest in the stock has been rising over the past few months andcurrently stands at a lofty 42%. Moreover, its stock is up over 28% year-to-date and trades at just 1.65 trailing twelve-month sales, roughly 31.5% lower than its sector median.\nSource: Jonathan Weiss/shutterstock.com\n• Short Interest (%):28.5%\nMarathon Digital(NASDAQ:MARA) has been ticking upwards in the past month, registering over 20% growth. Its stock price has been surging following the rally inBitcoin(BTC-USD), which is up over 60% since the beginning of the year.\nThe firm has significantly expanded its mining capacity in recent months, announcing record production of 687 BTC, a massive 45% bump month-over-month. Ithad 8,260 BTC, worth more than $230.3 million.\nMARA stock trades at a hefty discount to its intrinsic value. According to Tipranks analysts, Marathon boasts a 35% upside from current levels. The short interest in its stock points to strong rallies ahead.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Short-Squeeze Stocks That Are Defying Gravityappeared first onInvestorPlace.', 'SINGAPORE, SINGAPORE / ACCESSWIRE / April 16, 2023 / WEEX, a Singapore-based crypto futures trading platform, has unveiled its global expansion plan after ranking among the top 20 crypto derivatives exchanges on CoinMarketCap. As one of the world\'s best futures exchanges in terms of trading depth, WEEX is focused on providing a secure and user-friendly trading experience for its users. WEEX is licensed by the US, Canadian MSB, and SVGFSA, offering a secure platform for traders worldwide. The platform\'s industry-leading order book depth reduces users\' transaction costs and liquidity risk, ensuring an ultra-smooth trading experience. With over one million registered users and a daily trading volume ranging between US$7-10 billion, WEEX\'s growth demonstrates its commitment to excellence. "We believe that satisfied users are the foundation of a successful crypto exchange," said the founder of WEEX. "They are the reason we strive for excellence every day." One of WEEX\'s standout features is its one-click copy trading function, which allows beginners with little experience to follow professional traders easily. The platform has also established a 1000 BTC Investor Protection Fund and publicly disclosed the hot wallet address of the fund pool to ensure users\' peace of mind. The hot wallet address can be found at https://www.weex.com/en/protectfund . In addition to its best-in-market depth, WEEX exchange offers a multi-tier affiliate program with one of the highest rebates in the industry. This program has attracted increased interest from KOLs, cementing WEEX\'s position as a top choice for traders and influencers alike. To learn more about WEEX\'s affiliate program, please email [email protected] . About WEEX WEEX is a Singapore-based crypto futures trading platform that focuses on security and ease of use. It is one of the world\'s top futures exchanges in terms of trading depth and has obtained licenses from the US MSB and Canadian MSB. WEEX\'s industry leading order book reduces users\' transaction costs and liquidity risk to provide an ultra-smooth trading experience. With over one million registered users and daily trading volumes exceeding US$5 billion, WEEX aims to provide the most professional and secure trading services for users globally. It also offers a one-click copy trading feature, allowing trading beginners to easily follow professional traders. The platform has established a 1,000 BTC Investor Protection Fund and publicly disclosed the hot wallet address to give users peace of mind. Story continues Social Media Links Twitter: https://twitter.com/WEEX_Official Medium: https://weexofficial.medium.com/ Facebook: https://www.facebook.com/WEEXGlobal Linkedin: https://www.linkedin.com/in/weex-exchange-149025225/ Telegram: https://t.me/Weex_Global Media Contact Organization: WEEX INTERNATIONAL EXCHANGE LTD Contact Person: WEEX Media Team Website: https://www.weex.com/en Email: [email protected] Country: Singapore SOURCE: WEEX INTERNATIONAL EXCHANGE LTD View source version on accesswire.com: https://www.accesswire.com/749403/WEEX-Announces-Its-Global-Expansion-Plan-Ranking-Among-Top-20-Crypto-Derivatives-Exchanges-on-CoinMarketCap', 'SINGAPORE, SINGAPORE / ACCESSWIRE / April 16, 2023 / WEEX, a Singapore-based crypto futures trading platform, has unveiled its global expansion plan after ranking among the top 20 crypto derivatives exchanges on CoinMarketCap. As one of the world\'s best futures exchanges in terms of trading depth, WEEX is focused on providing a secure and user-friendly trading experience for its users. WEEX is licensed by the US, Canadian MSB, and SVGFSA, offering a secure platform for traders worldwide. The platform\'s industry-leading order book depth reduces users\' transaction costs and liquidity risk, ensuring an ultra-smooth trading experience. With over one million registered users and a daily trading volume ranging between US$7-10 billion, WEEX\'s growth demonstrates its commitment to excellence. "We believe that satisfied users are the foundation of a successful crypto exchange," said the founder of WEEX. "They are the reason we strive for excellence every day." One of WEEX\'s standout features is its one-click copy trading function, which allows beginners with little experience to follow professional traders easily. The platform has also established a 1000 BTC Investor Protection Fund and publicly disclosed the hot wallet address of the fund pool to ensure users\' peace of mind. The hot wallet address can be found at https://www.weex.com/en/protectfund . In addition to its best-in-market depth, WEEX exchange offers a multi-tier affiliate program with one of the highest rebates in the industry. This program has attracted increased interest from KOLs, cementing WEEX\'s position as a top choice for traders and influencers alike. To learn more about WEEX\'s affiliate program, please email [email protected] . About WEEX WEEX is a Singapore-based crypto futures trading platform that focuses on security and ease of use. It is one of the world\'s top futures exchanges in terms of trading depth and has obtained licenses from the US MSB and Canadian MSB. WEEX\'s industry leading order book reduces users\' transaction costs and liquidity risk to provide an ultra-smooth trading experience. With over one million registered users and daily trading volumes exceeding US$5 billion, WEEX aims to provide the most professional and secure trading services for users globally. It also offers a one-click copy trading feature, allowing trading beginners to easily follow professional traders. The platform has established a 1,000 BTC Investor Protection Fund and publicly disclosed the hot wallet address to give users peace of mind. Story continues Social Media Links Twitter: https://twitter.com/WEEX_Official Medium: https://weexofficial.medium.com/ Facebook: https://www.facebook.com/WEEXGlobal Linkedin: https://www.linkedin.com/in/weex-exchange-149025225/ Telegram: https://t.me/Weex_Global Media Contact Organization: WEEX INTERNATIONAL EXCHANGE LTD Contact Person: WEEX Media Team Website: https://www.weex.com/en Ema Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $585,844,949,500 - Hash Rate: 295183695.9763696 - Transaction Count: 232268.0 - Unique Addresses: 558992.0 Social & AI Sentiment: - Fear & Greed Index: 0.68 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK , March 15, 2023 /PRNewswire/ -- The global sports trading card market size is estimated to grow by USD 6.71 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 13.36% during the forecast period. The rising demand to acquire sports trading cards online is driving the sports trading card market growth significantly, although factors such as growing online data security issues may hinder the market growth. Technavio has announced its latest market research report titled Global Sports Trading Card Market 2022-2026 For more insights on the forecast market size (2021 to 2026) - Request a sample report What's New? Recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! Sports Trading Card Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on distribution channel (online and offline) and geography ( Europe , North America , APAC, South America , and the Middle East and Africa ). The market share growth in the online segment will be significant during the forecast period. For instance, Panini Group., a US-based online sports trading card supplier, offers Panini's blockchain technology. This technology allows collectors to possess or trade Panini NFT trading cards. They are digital trading cards that exist on a blockchain network in the same manner as real trading cards. Hence, such developments are expected to fuel the growth of the market in the online segment during the forecast period. Geography Overview By geography, the global sports trading card market is segmented into Europe , North America , APAC, South America , and Middle East and Africa . The report provides actionable insights and estimates the contribution of all regions to the growth of the global sports trading card market. Europe is expected to contribute to 44% of the growth of the global sports trading card market during the forecast period. The growth in the sports trading card market in Europe is facilitated by the growth of the sports industry. Market growth in the Europe region is estimated to be slower than the growth of the market in APAC. Insights on the market contribution of various segments including country and region wise, and forecast market size (2021 to 2026) - Download a Sample Report Sports Trading Card Market – Vendor Analysis The sports trading card market has evolved from an early adopter to a multi-billion-dollar market, globally. Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, NETPRO Trading Cards LLC, Panini group, Select Australia Pty Ltd, The Upper Deck Co., TOPPS Co. Inc., TRISTAR Productions Inc., and United States Baseball Federation Inc. are some of the prominent vendors in the market. Story continues Sports Trading Card Market – Market Dynamics Key factor driving market growth The growing demand to acquire sports trading cards online is one of the key drivers supporting the sports trading card market growth. The two technological advances, non- fungible tokens (NFTs) and blockchain technology have revolutionized the way fans obtain trading cards online. Moreover, the declining smartphone average selling price (ASP) and advancements in communication network infrastructure have led to the growth in smartphone adoption. This provides opportunities for fans to obtain sports trading cards online without worrying about misplacing them. Hence, the growing usage of technologies like blockchain, coupled with the increasing prevalence of smartphones, is likely to influence the growth of the market during the forecast period. Leading trends influencing the market The introduction of bitcoin to acquire sports trading cards online is a key sports trading card market trend contributing to the growth of the sports trading card market. Bitcoin is a digital, decentralized currency, which is used to make transactions over the Internet. It provides a high level of anonymity and is not regulated by the central bank of countries. Digital currency provides various advantages over regular currency, such as international transactions, easy deposits and withdrawals, lower fraud risks, and others. Furthermore, users do not have to provide personal details while using bitcoins to acquire sports trading cards. This leads to customer satisfaction and enhanced online acquisitions of sports trading cards. It is expected to increase the demand for sports trading cards during the forecast period. Major challenges hindering the market growth One of the factors hindering the sports trading card market growth is the increasing number of online data security issues. Most sports trading card websites do not possess a proper dispute resolution framework and lack transparency in payout processes. They also lack fair online trading standards, which reduces the credibility of online sports trading card platform providers. The credibility issues impact the growth of the sports trading cards market negatively and discourage new users from acquiring sports trading cards online. Hence, the growing online data security issues are expected to impede market growth during the forecast period. Insights on market drivers, trends, & challenges, and forecast period(2021 to 2026)- Request a sample report! What are the key data covered in this Sports Trading Card Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the sports trading card market between 2022 and 2026 Precise estimation of the size of the sports trading card market and its contribution to the market with a focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the sports trading card market across Europe , North America , APAC, South America , and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of sports trading card market vendors Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The online trading platform market size is expected to increase by USD 2.66 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.67%. The growth opportunities and demand for online trading platforms in the APAC region are key drivers fueling the market's growth. The sports analytics market size is expected to increase to USD 2.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 20.65%. One of the key factors driving the global sports analytics market growth is the growing adoption of cloud-based deployment solutions. Sports Trading Card Market Scope Report Coverage Details Base year 2021 Historic period 2017-2021 Forecast period 2022-2026 Growth momentum & CAGR Accelerate at a CAGR of 13.36% Market growth 2022-2026 USD 6.71 billion Market structure Concentrated YoY growth 2022-2023 (%) 12.65 Regional analysis Europe, North America, APAC, South America, and Middle East and Africa Performing market contribution Europe at 44% Key countries US, China, UK, France, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, NETPRO Trading Cards LLC, Panini group, Select Australia Pty Ltd, The Upper Deck Co., TOPPS Co. Inc., TRISTAR Productions Inc., and United States Baseball Federation Inc. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse for Technavio Consumer Discretionary market reports Table of Contents 1 Executive Summary 1.1 Market overview 2 Market Landscape 2.1 Market ecosystem 3 Market Sizing 3.1 Market definition 3.2 Market segment analysis 3.3 Market size 2021 3.4 Market outlook: Forecast for 2021-2026 4 Five Forces Analysis 4.1 Five forces summary 4.2 Bargaining power of buyers 4.3 Bargaining power of suppliers 4.4 Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition 5 Market Segmentation by Distribution Channel 5.1 Market segments 5.2 Comparison by Distribution Channel 5.3 Online - Market size and forecast 2021-2026 5.4 Offline - Market size and forecast 2021-2026 5.5 Market opportunity by Distribution Channel 6 Customer Landscape 6.1 Customer landscape overview 7 Geographic Landscape 7.1 Geographic segmentation 7.2 Geographic comparison 7.3 Europe - Market size and forecast 2021-2026 7.4 North America - Market size and forecast 2021-2026 7.5 APAC - Market size and forecast 2021-2026 7.6 South America - Market size and forecast 2021-2026 7.7 Middle East and Africa - Market size and forecast 2021-2026 7.8 US - Market size and forecast 2021-2026 7.9 UK - Market size and forecast 2021-2026 7.10 France - Market size and forecast 2021-2026 7.11 China - Market size and forecast 2021-2026 7.12 Germany - Market size and forecast 2021-2026 7.13 Market opportunity by geography 8 Drivers, Challenges, and Trends 8.1 Market drivers 8.2 Market challenges 8.3 Impact of drivers and challenges 8.4 Market trends 9 Vendor Landscape 9.1 Overview 9.2 Vendor landscape 9.3 Landscape disruption 9.4 Industry risks 10 Vendor Analysis 10.1 Vendors covered 10.2 Market positioning of vendors 10.3 Choice Marketing Sportscards 10.4 Futera Ltd. 10.5 Leaf Trading Cards 10.6 NETPRO Trading Cards LLC 10.7 Panini group 10.8 Select Australia Pty Ltd 10.9 The Upper Deck Co. 10.10 TOPPS Co. Inc. 10.11 TRISTAR Productions Inc. 10.12 United States Baseball Federation Inc. 11 Appendix 11.1 Scope of the report 11.2 Inclusions and exclusions checklist 11.3 Currency conversion rates for US$ 11.4 Research methodology 11.5 List of abbreviations About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ Global Sports Trading Card Market 2022-2026 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/sports-trading-card-market-to-grow-by-usd-6-71-billion-from-2021-to-2026--driven-by-the-growing-demand-to-acquire-sports-trading-cards-online---technavio-301772157.html SOURCE Technavio View comments... - Reddit Posts (Sample): [['u/AmogusTD', 'Bitcoin Whitepaper', 50, '2023-04-16 01:02', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/', 'I read the abstract and introduction of the Bitcoin white paper and noticed how the author states that the need for trusted third parties is reduced.\n\nBut in the same paragraph, there is this bit: “routine escrow mechanisms could easily be implemented to protect buyers.”\n\nWhat does this mean? Isn’t an escrow a trusted third-party? Does Bitcoin simply shift the burden of fraud from buyers to sellers without meaningfully reducing third-party reliance via its non-reversible transaction mechanism?', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/', '12nm46s', [['u/gaterooze', 41, '2023-04-16 01:04', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgezj4o/', 'Few understand.', '12nm46s'], ['u/therobotisjames', 23, '2023-04-16 01:40', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgf41fk/', 'Even less bother caring.', '12nm46s'], ['u/Potential-Coat-7233', 17, '2023-04-16 01:55', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgf5ztr/', 'Yeah the funniest shit is when Bitcoin purists aren’t even Bitcoin purists. Immutability is seen as a concept that will save the human race, but escrow can be considered a way to mute a transaction.', '12nm46s'], ['u/spookmann', 81, '2023-04-16 01:56', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgf64bd/', 'It\'s the #1 rule of Blockchain.\n\nBlockchain only ever "solves" the easy part of the problem - and makes the difficult parts more difficult.', '12nm46s'], ['u/Suspicious_Army_904', 20, '2023-04-16 03:54', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgfkcvd/', 'Few understand how early you are for the downvotes.', '12nm46s'], ['u/mojobox', 18, '2023-04-16 09:20', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jggfvpf/', 'So exchanges are trustworthy enough to buy but not trustworthy enough to hold? Sure…', '12nm46s']]], ['u/Xorglord', 'Pale Reflections: Go for the Throat (11)', 18, '2023-04-16 04:06', 'https://www.reddit.com/r/Parahumans/comments/12nr5fd/pale_reflections_go_for_the_throat_11/', "Happy National Eggs Benedict Day, Kennet Citizens!\n\nPale Reflections handles Go for the Throat 23.f. Dorian goes back to the 60s, showing his opponents the strength of flower power. Grass beats Fire, as the TQ delivers an almighty combo to take down the Girl By Candlelight. Then, Griffin creeps his way through the female Negateers, before being walked all over by a girl in a bunny mask.\n\nDiscussion Question: Which boundary spirit would you want to host? ([here's the reference EM if you need it](https://palewebserial.wordpress.com/2021/11/05/15-2-spoilers-keeping-tabs-kennet/))\n\nYou can find the [episode here](https://www.doofmedia.com/2023/04/15/pale-reflections-go-for-the-throat-11/).\n\nDrop some [predictions here](https://docs.google.com/forms/d/e/1FAIpQLSePIzJ3gFbvFvImeTQ58bbfbTCE_gsTgiCaeVbpW17CzyKO5A/viewform)!\n\nJoin the [Doof Discord here](https://doofmedia.com/discord)!\n\nPale Reflections is available on [iTunes](https://podcasts.apple.com/au/podcast/pale-reflections/id1447214377), [Google Play](https://podcasts.google.com/feed/aHR0cHM6Ly93d3cubWVkaWFtZHBvZGNhc3QuY29tL2ZlZWQvcG9kY2FzdC9kaXA?sa=X&ved=0CAMQ4aUDahcKEwjgo-Gwmt_uAhUAAAAAHQAAAAAQAQ&hl=en-AU), [Spotify](https://open.spotify.com/show/6q7NaQiSnoCHCjaZOSoQ85), and [Stitcher](https://www.stitcher.com/show/deep-in-pact). Please give us a rating on your preferred platform(s), it'll really help raise awareness, and bring more people in!\n\nIf you've fallen behind, here's a spreadsheet helping you track [all things Pale](https://docs.google.com/spreadsheets/d/1VS0HRcbHChh4gmL8LcL8xiIvo-nPhSgs2OGOVV3fVbo/edit#gid=0)!", 'https://www.reddit.com/r/Parahumans/comments/12nr5fd/pale_reflections_go_for_the_throat_11/', '12nr5fd', [['u/MyynMyyn', 14, '2023-04-16 14:34', 'https://www.reddit.com/r/Parahumans/comments/12nr5fd/pale_reflections_go_for_the_throat_11/jgh3p0g/', "You wondered what the new magic school under Kennet's management would be called. Since you also called out how much of an MVP the Turtle Queen has been, it's obvisouly going to be the Black, Green and Gold Heron Institute...\n\nYes, the school uniforms are mandatory. What could possibly go wrong?", '12nr5fd']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 16, 2023', 39, '2023-04-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/', '12nudtf', [['u/regxbN78', 21, '2023-04-16 09:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggfi4h/', "Some napkin math on bitcoin price in the next epoch... My guess is $30K will turn out to be the average price of this epoch. For the previous epoch it was what, $8K? So that's a 3.75x increase. The impact of each halving is a bit less dramatic each time, so let's say we get just 3x boost to the average price after this next halving. So that says a conservative estimate of average price after the next halving is ~$90K. Sound about right?", '12nudtf'], ['u/RabbitProofFences', 12, '2023-04-16 10:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggmokc/', 'This is crazy talk : https://www.coindesk.com/policy/2023/04/14/sweden-drives-final-nail-into-its-bitcoin-mining-industry-with-tax-hike/\n\nLiterally all miners need to do is find grids with high production and low consumption and move in to tap into that excess.\n\nThis will probably spawn a new wave of offshare mining hubs in developing states', '12nudtf'], ['u/sexyama', 11, '2023-04-16 11:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggorjy/', "What did they expect, it's Sweden.", '12nudtf'], ['u/TonyTuck', 16, '2023-04-16 11:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggpiy2/', 'He is buying everything.\n\nHe bought you.\n\nYou are his possession now.', '12nudtf'], ['u/Rape-Putins-Corpse', 11, '2023-04-16 13:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggyg95/', "Can't go down if he buys everything. I'm betting the farm.", '12nudtf'], ['u/4theWlN', 13, '2023-04-16 15:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgh9nr6/', "The last top was manipulated down via all the custodians stealing their client's coins and selling into the rally. It should have gone to at least 100k. So use that multiplier of 5x prior high or 30x prior low and then apply it with a discount to 3.5-4x here to get 350-400k from both multipliers.", '12nudtf'], ['u/jarederaj', 12, '2023-04-16 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghbdqi/', "I posted a price projection in February on TradingView that's unfolding fairly well.\n\nhttps://www.tradingview.com/chart/BTCUSD/DIixaxBA-MoonMath-Update-no-major-changes-in-years/\n\nIt isn't hard for this projection to perform, because targets are both conservative and broad:\n\n* Worst case start the halving at around 26k\n* Best case start the halving at around 80k\n\nBetween now and the halving prices could:\n\n* go as high as 69k\n* go as low as 26k\n\nIn February, I also posted that I didn't think, at _any_ point, we'd exceed the teal line. But I will amend that prediction to say: we might peak somewhere _near_ the teal line toward the end of 2024. This would mean the next bull run caps at:\n\n* worst case 130k\n* best case 280k\n\nThat means, by buying today, you have a shot at 4-10x your net worth in 18 months.\n\n\nI’ll add that I think it’s possible for bitcoin to make it to 1m this cycle, but I just put very low odds on that. Going to 1m - 2m would be more like past bubbles. As others have pointed out, the last bubble was heavily impacted by FTX and their customer base.", '12nudtf'], ['u/pignmud', 15, '2023-04-16 17:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghoitp/', 'my goldfish swimming clockwise - 🚀 soon', '12nudtf'], ['u/[deleted]', 22, '2023-04-16 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghphpq/', 'bowlish', '12nudtf'], ['u/xtal_00', 14, '2023-04-16 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghuc9h/', "Traders provide liquidity to the markets, it's a valuable function.", '12nudtf'], ['u/Order_Book_Facts', 15, '2023-04-16 18:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgi1wlr/', 'Long term impact of traders on the market is effectively 0. They open and close every position. I don’t see why someone who is short btc is a bad actor either.', '12nudtf'], ['u/52576078', 33, '2023-04-16 21:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgild1e/', "A post from 10 years ago over on the main Bitcoin subreddit raised my interest to see how far our subreddit posts here go back. The r/BitcoinMarkets subreddit was created on April 11, 2013, just over 10 years ago. The oldest daily discussion I could find was this one from November 17, 2013 when the price was heading for $500. How far we've come. Congrats to the founders and the mods and contributers who keep this place going! \nhttps://old.reddit.com/r/BitcoinMarkets/comments/1qt2ke/daily_discussion_sunday_november_17_2013/?sort=old", '12nudtf'], ['u/hajoeojah', 10, '2023-04-16 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgio9jd/', 'Thank you for looking these facts up and cheers 🥂', '12nudtf'], ['u/snek-jazz', 15, '2023-04-16 22:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgitynk/', "I was around then, that was a particularly crazy time in bitcoin, the silk road got busted and it went on a run from around $100 to around $1000 in 6 weeks, after the previous ATH having been a brief $260 earlier in the year. Probably nothing has matched that since in terms of excitement. \n\nAlso, some things never change, from the very bottom comment there:\n\n> It's just damn frustrating because I've been holding out on buying since $320 or so because I was certain there would be a $100 dip within the next week or two.", '12nudtf'], ['u/thewardser', 15, '2023-04-16 22:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgiu0u8/', 'fake out to the upside, drop below the breakout area to take out stops/get last minute shortest....then its free to go up...next step should be up to about $31,800ish', '12nudtf'], ['u/bobbert182', 22, '2023-04-16 22:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgiwind/', 'I posted in that thread that day. It’s actually interesting looking back in that thread. Bitcoin has been good to me but man I could have been way smarter about it all. Didn’t have much back then and made mistakes a long the way.\n\nI do love this subreddit though. It’s kept me coming back to Reddit daily for almost 10 years', '12nudtf'], ['u/dopeboyrico', 18, '2023-04-16 22:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgizq6h/', 'A select few might be but the vast majority probably aren’t.\n\nThe low in November 2013 was $201 and the high was $1156. Suppose you caught the bottom for the month at $201 and went all in with the amount needed to be a millionaire today. You would’ve needed to put in ~$6.6k at the time and had the conviction to hold for just over 7 years when BTC reached $30k for the first time ever. You also would’ve needed to hold your own keys the entire time prior to Mt. Gox getting hacked and people having their first real world reality check of “not your keys, not your coins.” This was also following the first halving event so you didn’t have price data history to reassure you the price would go much higher many years later.\n\nIn many ways becoming a millionaire off of BTC is much easier today than it was back then. We’ve been through hundreds of “BTC is dead” headlines to the point where it’s a nonsensical meme now. If you understand that BTC has the potential to ultimately become global unit of account then you understand how 1 BTC could ultimately have the purchasing power of over $10 million on the low end in today’s dollars. Which means you could simply acquire 0.1 BTC at today’s price (~$3k investment) merely as an insurance policy to protect your purchasing power and walk away confident that you’ll someday become the equivalent of a millionaire with that investment alone.', '12nudtf'], ['u/[deleted]', 10, '2023-04-16 22:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgj124q/', 'I remember you saying mid 30s would be a turn around point for you. Are you still thinking of the big short 34ish and riding that down to new low, or have you been convinced the trend is up?\n\nNo snark at all, just curious', '12nudtf'], ['u/diydude2', 13, '2023-04-16 23:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgj6r1l/', "Litecoin smashed through a hundred bucks. It's usually a good sign for Bitcoin when that happens since Litecoiners tend to cash out gains to Bitcoin.", '12nudtf']]], ['u/1162', 'Price matters very little compared to market cap and supply distribution', 35, '2023-04-16 07:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/', 'I’ve heard too many people say something like, “It’s only $0.0001! If it just goes to $1 each I’ll be rich!” Or “Bitcoin? No way I can invest in that, it’s like $30,000!”\n\nYou should always look at market cap (the price of the coin * how many there are) and then ideally compare that to other coins if you are wanting to speculate on future price. \n\nLet’s say rank 300 Shitcoin (SHT) costs only $0.0001 with a market cap of $105,000,000. The supply is comically large.\n\nIf SHT went to $1 that would make the market cap over a trillion dollars. Nearly double BTC’s market cap right now. It’s not happening.\n\nLikewise if a coin is expensive but the supply is small, it’s not a big deal if it’s $5,000 each. You can buy .005 of it and it will be just as good as an investment. \n\nHowever, one additional thing you should always consider is the supply distribution. If everything looks great but 99% of the supply is held by the dev they could dump it at any moment completely cratering the price. Likewise if you think the price / supply looks good now, make sure you know how supply is created because if the dev just launched a project and is putting 10,000,000 tokens a day into the ecosystem with big APYs then those tokens will quickly be worth very little each and if you bought some they will lose value. \n\nThere’s much more to picking an investment but I hope this clears up some common misconceptions for some!', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/', '12nx0kz', [['u/Fun_Evening_2487', 23, '2023-04-16 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/jgg8a8x/', 'And avoid crypto with shit names like ROCKET & SAFE', '12nx0kz'], ['u/WhiteDugShite', 10, '2023-04-16 07:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/jgg8lau/', 'Yea, I could of used this advice when I first started my Crypto journey. \n\nIt was just too tempting to own 14 million of something for $10, grains of rice are multiple times more expensive. \nLooking at you DogElonMars.', '12nx0kz']]], ['u/rBitcoinMod', 'Daily Discussion, April 16, 2023', 46, '2023-04-16 08:00', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/', '12nxkzq', [['u/NectarineDirect936', 16, '2023-04-16 10:19', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/jggk3d8/', 'A sincere thank you for all the sellers out there that made it possible for me to buy btc at 16k🙏🤝', '12nxkzq'], ['u/cubeeless', 15, '2023-04-16 14:44', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/jgh4s5o/', "Bitcoin is here to stay. You owe it to yourself, therefore, to learn the basic facts about it - the sooner you do, the better for you, in the long term.\n\nBest intro videos/book:\n\nThe Trust Machine:\n\nhttps://www.youtube.com/watch?v=ZKwqNgG-Sv4\n\nWhy I'm buying BTC:\n\nhttps://youtu.be/1AVLV3fq4Ic\n\nBitcoin Airplane:\n\nhttps://youtu.be/tYldJpSPeqg\n\nBook: The Bitcoin Standard, by S. Ammous.\n\nMike Maloney: Hidden Secrets of Money, episode 4.\n\nhttps://www.youtube.com/watch?v=Vk7P119QcRc&ab_channel=JamesKing\n\nThe best investement that you can make in your lifetime is your own education. Education on:\n\n•\t\u2060...the history of money\n•\t\u2060...finance\n•\t\u2060...how the global economy works\n•\t\u2060...how the central bankers and the stock market work, how they can scam you.", '12nxkzq'], ['u/escodelrio', 10, '2023-04-16 16:20', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/jghg3r1/', 'Historical Bitcoin prices for today, April 16th:\r \n\r \n2023 - $30,379\r \n2022 - $40,412\r \n2021 - $61,395\r \n2020 - $7,056\r \n2019 - $5,215\r \n2018 - $8,051\r \n2017 - $1,185\r \n2016 - $431\r \n2015 - $228\r \n2014 - $529\r \n2013 - $68\r \n2012 - $4.9\r \n2011 - $1\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1647555865111584768?s=20).', '12nxkzq']]], ['u/speedloafer', 'Your account will be deactivated soon...', 23, '2023-04-16 08:26', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/', 'I woke this morning to this email. No reason why, just closed due to "exceptional circumstances".\n\nI live in London (UK), have done all my life. I got the app in 2019, set it up to my bank account. I funded it with £20 from my debit card, then withdrew it about an hour later and never used it again until Wednesday (12th April). I saw the price of Bitcoin was on the rise and I remember seeing that Revolut lets you buy Crypto. So using the same bank account (different card as last one expired) I funded the account with £50 and then I bought £50 worth of Bitcoin on the Revolut app and moved it to my cold storage wallet. That\'s all I did, the last transaction was on the 12th. Both times I had to submit a selfie, in 2019 and again on the 12 April.\n\nAfter the email I contacted customer services but they wont tell me what I did wrong, they will close any other account I try to make though. That\'s it, no recourse, nothing, just fuck off your banned and we cant say what you did wrong.', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/', '12ny7hz', [['u/JacqueMorrison', 26, '2023-04-16 08:55', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/jggdzcr/', 'This no warning, no appeal policy is the main reason you can’t trust Revolut for anything critical. (Savings, main account) It’s ridiculous.\n\nI am happy with using it as a tool for currency conversion and online purchases though.', '12ny7hz'], ['u/SmartPipe3882', 27, '2023-04-16 11:33', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/jggp7tg/', 'It’s not so much that you bought crypto, it’s how you’ve used the account. \n\nThe account has only ever seen funds land and then almost immediately leave. Albeit you’ve only done it twice, but the algorithm has probably just seen the age of the account and determined that the account is only a landing pad for funds that has only ever converted them to cash or crypto before emptying. \n\nLook at the percentages, rather than the transaction volume, and you’re looking like a clumsy a money launderer. At least 70% of all the funds that have ever been in the account have left to an pseudonymous source, 100% if you withdrew the other £20 from an ATM. You’re a banking red flag. A 70% AML headache.\n\nIt’s nothing to do with the crypto, as such. It’s that you transferred it out that got your flagged. It’s that you’re not making any constructive use of the account. It’s seen £70 in 3-4 years, and has been funded for less than 90 minutes in that time. \n\nYou’ve not exactly given them a compelling reward to balance against the risk of holding your account open, so they closed it.', '12ny7hz']]], ['u/Readingfast99', 'From an almost bankrupt country. Want to put my post grad funds in a stable currency. Need advice', 39, '2023-04-16 08:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/', "I'm from Pakistan.\n\nFor years I dreamt of leaving my country via post grad study visa because I had a hunch that the religious fundamentalist and dumb policies will ruin this country. Now the country is at brink of defaulting.\n\nSoon the local currency will amount to nothing. In last three years the price of USD and EUR has doubled. From ~150 PKR to almost 300. \n\nThe IMF has given us loan on conditions that will totally enslave us. \n\nI wanted to leave this all behind and go abroad to study but I can see how that doesn't generate ROI for me either. Tbh, since EUR USD doubled, I can't move out now. \n\nSo I want to buy crypto, not in dreams of becoming a millionare, but to protect the hard earned money of my parents before shit hits the fan. \n\nWhat are some cryptocurrencies that will not go down to zero by 2025 in your opinion. I don't mind cashing out at same price as they are now\n\nEdit: Another question: Will change of world order e.g Collapse of dollar & Chinese currency being the top dog benefit Bitcoin?", 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/', '12nyhbw', [['u/BettyT61143', 26, '2023-04-16 08:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggcubf/', 'If you want to cash out often, then a stable coin like USDC\n\nIf you are deciding to save for long period, then BTC and ETH are the best choice.', '12nyhbw'], ['u/Readingfast99', 16, '2023-04-16 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggcx3p/', 'Yeah for ~5 years until the political dust settles in the country', '12nyhbw'], ['u/Harold838383', 14, '2023-04-16 08:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggd71j/', 'Bitcoin. Make money rather than keeping your wealth stable', '12nyhbw'], ['u/BettyT61143', 23, '2023-04-16 08:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggdajj/', 'Then definitely BTC and ETH', '12nyhbw']]], ['u/B1gg_R3dd', 'Will I be okay if I don’t understand all the technical aspects?', 25, '2023-04-16 09:34', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/', 'I’m fairly new and frankly, trying to learn can be overwhelming. I feel like I’m getting a good understanding of Bitcoin, but when I start to see comments talking about Omni layers and building on the blockchain, DeFi and smart contracts, I have no idea what any of it means and trying to learn and grasp the technology can be time consuming. I have been DCA into Bitcoin and I just wanted to know if I just continue to do that and making sure I have good cold storage, is it important to learn the ins and outs of how crypto works? Is there anything I should definitely understand and learn? Thanks\n\nEdit: I really appreciate all the advice! I was starting to get some FOMO regarding shitcoins and whatnot but from what I’ve gathered none of that really matters, just going to research as I go and keep accumulating sats!', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/', '12nzvr9', [['u/John_Pig', 23, '2023-04-16 09:43', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/jgghiz0/', "How many people understand the tech behind debit card payment? Or a combustion engine cycle, a deferential, or binary code?\n\nYou only need to use it safely, not to understand all tech behind it.\n\nFor now, stay onto Bitcoin related topics. When you feel you can take the time to learn more, do it.\n\nFor the average user, all you need to now can be learnt easily, imho, since the tech does the things for you. Don't have a cow.", '12nzvr9'], ['u/only_merit', 11, '2023-04-16 10:08', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/jggjcnj/', 'Mate, forget crypto, stay with Bitcoin, you are doing fine. If you want to go deeper, sure, read some books - Bitcoin Standard (for non-tech) or Mastering Bitcoin (for tech details). Then maybe read some more.', '12nzvr9']]], ['u/BusinessBreakfast3', 'Protect Your Seed Phrase (10 Tips to Secure your Crypto)', 88, '2023-04-16 10:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/', '# 1) Never share the words with anyone\n\nThis is the only thing you need to do to be safe. \n\nPeople complain about “getting hacked” daily but most of these stories end up having the same root cause: the person gave their seed phrase to someone. \n\nThey weren’t a victim of a hack… They fell for a scam.\n\nAgain,\xa0ownership of the private keys means ownership of the address they control.\n\nWhen you share them with someone, you’re basically sharing the ownership.\n\n# 2) Don’t save your seed phrase online\n\nWhen you have your words in your mailbox’s Drafts folder or you’ve sent them to yourself on social media, you’ve technically shared them with the world.\n\nThey’re potentially exposed to employees of the services you’re using, to platforms with which you interact, or any\xa0user of a device you’re logged or have been logged into, etc.\n\nThe solution is simple:\xa0use pen and paper.\n\n# 3) Keep the paper safe and hidden\n\nHave your 12-24 words written clearly on a piece of paper and hide it from the world.\n\nDon’t only think about burglars, but also people you live with – even without bad intentions, they can leak it or lose it due to negligence.\n\nThe stories about suckers searching dumpsters for hard-disks are mainstream nowadays… All of that can be avoided if you have this piece of paper..\n\nAnd don’t use bank deposit boxes to store your whole seed phrase, as it may defy the whole concept of “not your keys, not your coins”.\n\n# 4) Never take a picture of your seed phrase\n\nA picture on your phone is equally (or even more) vulnerable like the examples from point 2.\n\nThink about every application that has permissions to access your media files, an unintentional share, losing your phone… I can go on and on!\n\nAgain, all of this can be avoided by not having a picture. And if you’re worried about your house collapsing, keep reading:\n\n# 5) Have a duplicate\n\nIt’s always the case that something can happen to a piece of paper. Someone can throw it away unknowingly, it can be destroyed during unfortunate events, etc.\n\nThat’s why I think it’s a good idea to have a copy of your seed phrase stored elsewhere. However, there’s no one-size-fits-all solution, as it depends on your personal circumstances.\n\n# 6) Don’t get too creative\n\nYou can also get a bit creative in regards to how you write down the words. The goal would be to make the seed unusable for anyone that might get a hold of your precious piece of paper.\n\nYou might have ideas like tampering some words or changing their order using an algorithm you’d remember etc.\n\nBe careful with this.\n\nIf you’re not using your seed phrase often (you won’t), there’s a high probability that you\xa0will be the one that ends up with an unusable seed phrase.\n\nYou don’t want an over-engineered solution to stop you from accessing your funds. If you’d rely on memory, there’s a better approach:\n\n# 7) Remember your seed phrase\n\nIt’s as simple as it gets:\xa0remember your 24 words.\n\nAll of a sudden, your assets are available to you wherever you are.\n\nYou find yourself on the other side of the world and you want to pay with Bitcoin? It’s readily available to you! You find yourself as a war refugee and they confiscate everything you own on the border? Initialize your wallet once you’re free. This way of storing your seed is also called a “[brainwallet](https://en.bitcoin.it/wiki/Brainwallet)“.\n\nDoomsday scenarios aside, I’d put remembering the seed phrase as the top tip. But similar to the previous point – due to lack of usage, your memory of it can fade away. And if you only miss one word, that means you’re not controlling the private key you previously had.\n\n# 8) Never expose your words to the internet\n\nUsually, seed phrases are generated by a certain wallet provider during the setup.\n\nBut the most secure seed phrases are those that have never been exposed to the internet.\n\nYou can achieve this by using something called a hardware wallet. This is an offline device that controls your private keys, which you can use to confirm transactions.\n\nI wrote a detailed comparison between hardware and software wallets here:\n\n[https://www.reddit.com/r/CryptoCurrency/comments/12n724b/the\\_benefits\\_of\\_a\\_cold\\_wallet\\_hardware\\_wallet/](https://www.reddit.com/r/CryptoCurrency/comments/12n724b/the_benefits_of_a_cold_wallet_hardware_wallet/)\n\n# 9) Engrave your seed phrase into steel\n\nDurability is where metal storage shines. This relates to protection against fire, water, and other disasters.\n\nKeep in mind, there are already solutions on the market that make engraving words into metal relatively easy. You won’t have to do everything yourself.\n\n# 10) Use a passphrase (25th word)\n\nA passphrase\xa0is an extra word you can use on top of your 24 words.\n\nThis will allow you to control a completely new set of addresses.\n\nHaving a 25th word is crucial, because you can choose the word yourself, it’s easy to remember, and adds extra security in case someone gets access to your 24-word seed phrase.\n\nA common tactic you can use to assure safety is to have a small amount of crypto in the wallet controlled by your seed phrase. But the majority of your portfolio will be stored behind the wallets controlled by the 25 words.\n\nThis way, even if you find yourself in a situation where you are forced to give out your seed phrase, you can comply and still keep custody of your actual portfolio.\n\n# TLDR: See the subheaders and use common sense', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/', '12o1f73', [['u/_The_Chris_', 15, '2023-04-16 10:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/jgglvq5/', 'This are the 10 commandments of your crypto wallet!', '12o1f73'], ['u/redthepotato', 11, '2023-04-16 11:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/jggqmxj/', 'So are we officially a religion now?', '12o1f73'], ['u/AnimeFlamingo', 24, '2023-04-16 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/jggqvk5/', 'Losing your seed phrase = losing your crypto and getting fucked. \n\nEveryone should have that clear and secure their seed as if it was the holy grail', '12o1f73']]], ['u/Crypto-hercules', 'So you work all your life pay taxes save up like a good boy follow all the rules and then get sick and you can’t cash your ISA in as it’s fixed. Even worse you die and the big institutions don’t allow access to your loved ones.', 127, '2023-04-16 11:39', 'https://www.reddit.com/r/Bitcoin/comments/12o2vpx/so_you_work_all_your_life_pay_taxes_save_up_like/', 'Bitcoin fixes this !!!', 'https://i.redd.it/6p1ez7mzc9ua1.jpg', '12o2vpx', [['u/jonessc8', 28, '2023-04-16 13:09', 'https://www.reddit.com/r/Bitcoin/comments/12o2vpx/so_you_work_all_your_life_pay_taxes_save_up_like/jggw3qw/', 'My dad had a pension he earned all his life at the same company. He passed away untimely and early. His pension was worth $1,800/mth.\n\nMy mom’s survivor benefits are $400.\n\nThese mother fuckers steal from the masses throughout our lives and it doesn’t get any better. How many times have they increased our retirement age in recent decades? Social Security has maybe one more decade before it runs dry. It won’t be there for millennials. There isn’t enough of a workforce and our central planners didn’t really plan things well. \n\nThey just borrowed from the future, claimed they were brilliant, and left a nightmare for us to deal with. FUCK YOU BOOMERS. They all need to exit the political system immediately before causing more hell for those left with their ineptitude.', '12o2vpx'], ['u/Crypto-hercules', 12, '2023-04-16 13:14', 'https://www.reddit.com/r/Bitcoin/comments/12o2vpx/so_you_work_all_your_life_pay_taxes_save_up_like/jggwhia/', 'I couldn’t agree more! I think many people overlook the importance of estate planning, I mean what are doing all this for if it’s not to make life better for the future generations. I hold a good bit of Bitcoin in colds storage and I have already explained to my 13 year old daughter how to access it if I die.! I mean what better feeling to know I can pass on my hard assets that simply with no 3rd party interference. For me this is one of the most important benefits of BTC.', '12o2vpx']]], ['u/Dry_Tortuga_Island', "Really disappointed with the SWAP feature on Ledger. If you're thinking about it... read on.", 61, '2023-04-16 13:25', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/', 'I wanted to move my BTC over to ledger, but Kucoin charges an outrageous $15 to take it off the exchange. So I figured I would check out the swap function to see how well it works - hoping that the advertised "0.25% fee from changelly" was a real thing.\n\nFirst of all, there is no way to get exchange rates and/or fee rates without actually having the coins in your wallet. This means any kind of research or whatever has to be done with coins in hand - all options are grayed out until you meet the minimum for an actual transaction. Stupid.\n\nSo I decided to send over $250 of XLM instead because the withdrawal fees are like $0.02 instead of $15. \n\nI have no idea what the fees were, but the exchange rate was so terrible that it would have cost me $18 to swap from XLM to BTC. That\'s essentially a fee rate of over 7%.\n\nI checked some other swap possibilities (ETH, etc.) and they were all roughly the same, maybe a bit less. So if you use the swap feature, expect to pay 5% at a minimum. \n\nIt\'s less a feature and more a scam, I would argue. Given that so many of their other features - the staking pools, etc, are a really solid deal, I was super disappointed in this one.', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/', '12o5dyd', [['u/MindlessBadger281', 21, '2023-04-16 13:58', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgh0akn/', 'I’ve also heard of people complaining they tried to swap and are still waiting to receive the new coins', '12o5dyd'], ['u/1-760-706-7425', 48, '2023-04-16 14:13', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgh1p8l/', 'There’s a lot of offerings Ledger pushes in their app that are shady and / or exploitative. They need to consider how it’s irrevocably tarnishing their brand especially given that they’re in the security space.', '12o5dyd'], ['u/Dry_Tortuga_Island', 10, '2023-04-16 16:18', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghfuwe/', 'Not to be rude, but wtf are you talking about. Btc transactions are nowhere near $15. \n\nAlso, leading with "I think you need to understand cryptocurrencies a bit more" makes you sound like a condescending idiot. \n\nI think you should understand the internet a bit more... You can use this new thing called Google to see that btc txns cost far less than $15.', '12o5dyd'], ['u/syrozzz', 12, '2023-04-16 16:36', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghi6mq/', "I think of Ledger more as a vault than as a trading platform. The mere fact that I can Swap is a nice extra. \nBut thx for the feedback that's good to know.", '12o5dyd'], ['u/1-760-706-7425', 35, '2023-04-16 16:55', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghksam/', 'Say as you like but when people get burnt by offers you push, they won’t care. Your credibility is at stake.', '12o5dyd'], ['u/Ultra918', 17, '2023-04-16 17:52', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghsyyx/', 'There were someone on the cc sub. He lost 300k with ledger live swap function.', '12o5dyd'], ['u/Rhelza', 20, '2023-04-16 18:24', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghxi8u/', 'Ledger is an amazing hardware wallet, but their exchange services are shitty af.', '12o5dyd'], ['u/KMan471', 17, '2023-04-16 19:47', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgi9mqw/', 'Never ever use it. EVER', '12o5dyd'], ['u/PushTheButtonPlease', 14, '2023-04-16 20:57', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgijwo6/', 'My rules are;\n1. Never swap BTC for anything.\n2. Buy BTC.', '12o5dyd'], ['u/SweetBasil_', 10, '2023-04-16 23:22', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgj561o/', "the $15 fee is not for the BTC transaction fee. it's just so you get pissed off and leave your coins on kucoin. use a different exchange if possible", '12o5dyd']]], ['u/OneThatNoseOne', 'Crypto Market Prices are heavily beholden to the goodwill and ethics of exchanges, which basically means some significant amount of it is indirectly affected by supply and trade manipulation', 34, '2023-04-16 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/', "We know that Cefi accounts for the majority of crypto trade volume. Take for instance Bitcoin. By current estimates, Cefi accounts for around 83% of Bitcoin trade spot volume, Defi obviously accounting for the rest. This means that crypto prices are heavily affected by many of the decisions Cefi platforms make.\n\nWhat I mean is, if a exchange is offering say 11 million tokens on the market available to buy or sell. But if there are only in fact 10 million actual tokens in reserve, they have effectively increase the supply by 10% which would (probably) have the effect of reducing the price. Now why would an exchange do this? It's for obvious reasons, and the age-old one: profits. If there if heavy demand for trading on a token, the more tokens there are the more trading fees the exchange can accumulate regardless of if it's buys or sells. Understanding this, with all the shady platforms we have seen over the years, exchanges have almost certainly done this and it is very likely that some still do. And if you wonder if Proof of Reserves help with this: it does not. First off all, exchanges can report any trading volume numbers they want, and even if that number isn't manipulated, it is still pretty difficult to determine the actual token reserves from the trade volume, as they represent two very different things. A solid example is Monerorun, where users tried to withdraw their Monero from exchanges but all a sudden a number of exchanges had withdrawals frozen, some for weeks in some cases.\n\nThere are also issues of exchanges trading against users like FTX did, and others certainly are doing. With the kind of resources that and information that the exchange has, exchanges trading against users also means they can coerce the price upward or downward. Now they may not necessarily mean to manipulate the price, as they are only looking for short-term profits, but then end effect is a price that is not produced by a fair market.\n\nThere are also simpler seemingly minor things like raising withdrawal fees on particular tokens to discourage removal of those tokens from exchanges. Users may then seek to buy certain other tokens just to be able to withdraw without paying unreasonable fees. This would also have the effect of reducing the price of the sold token and increase that of the cheaper token. On this particular case, it is my view that it is the cheap fees of TRX are the sole reason it is as 'popular' or at least as relevant as it is today.\n\nI could go on but I imagine you see the point by now. Market prices have an dependent, and probably unhealthy relationship with centralized exchanges.", 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/', '12o66wr', [['u/Shiny_asshole', 10, '2023-04-16 14:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/jgh0zxa/', 'There is a reason why every sane cryptobro promotes self custody, exchanges were never your friend and never will be', '12o66wr'], ['u/krakensupport', 10, '2023-04-16 14:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/jgh3ygf/', "u/Shiny_asshole is completely right about the self custody thing but we're definitely friends, u/InsaneMcFries. Btw, we might've forgotten a hat at your place last Friday... 😞\n\nLet us know if there's anything we can assist with bros. We're here and happy to help 24/7/365. 🤜 🤛\n\nYour friends ’til the very last block, 🧱 \nKraken Support 🐙", '12o66wr']]], ['u/-_-DarthVader', 'Whales Abruptly Move Over $850,000,000 in Bitcoin in Just 24 Hours', 353, '2023-04-16 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/', 'Entire transaction costed about 8$', 'https://dailyhodl.com/2023/04/16/whales-abruptly-move-over-850000000-in-bitcoin-in-just-24-hours-heres-where-the-crypto-is-going/', '12o6da5', [['u/hex_peson', 28, '2023-04-16 14:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1bo4/', 'Difficult to say what would that mean for the price.... It moved from "unknown wallet" to "unkonwn wallet". Buckle up boys.', '12o6da5'], ['u/Nuewim', 49, '2023-04-16 14:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1jqt/', 'When I move my $8.5 in BTC no one make articles about it.', '12o6da5'], ['u/Roberto9410', 14, '2023-04-16 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1pcz/', 'This was just a test transaction before the whales throw around the real money', '12o6da5'], ['u/-_-DarthVader', 34, '2023-04-16 14:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1qrk/', 'Shrimp moves $8.50000000 in BTC from unknown wallet to unknown wallet. News has shaken up the crypto ecosystem, blasting BTC through 50k in just an hour', '12o6da5'], ['u/DBRiMatt', 285, '2023-04-16 14:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1sc1/', "Man, whales abruptly moving over 850M in BTC, meanwhile, I'm carefully triple checking my test transaction of $1 before sending the remaining $99.", '12o6da5'], ['u/-_-DarthVader', 100, '2023-04-16 14:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1xkw/', 'I can feel the anxiety just by reading your reply', '12o6da5'], ['u/Baecchus', 10, '2023-04-16 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh29ge/', 'No wonder he says BTC is a commodity', '12o6da5'], ['u/kirtash93', 50, '2023-04-16 14:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh2kzp/', 'And hope, we can only hope that they make a mistake and write our wallet address.', '12o6da5'], ['u/Baecchus', 18, '2023-04-16 14:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh2svk/', 'Plot twist: this was the test transaction', '12o6da5'], ['u/-_-DarthVader', 22, '2023-04-16 14:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh3316/', 'Hey Siri, add a boat to the wishlist', '12o6da5'], ['u/ELBartoFSL', 41, '2023-04-16 14:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh5am8/', '“Ok adding boat from wish.com”', '12o6da5'], ['u/-_-DarthVader', 15, '2023-04-16 14:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh5fml/', 'This guy accidents', '12o6da5'], ['u/partymsl', 19, '2023-04-16 15:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh6seu/', 'My prediction:\n\nA third move to an even more unknown wallet.', '12o6da5'], ['u/GapingFartLocker', 35, '2023-04-16 15:11', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh7m73/', 'Any time I see the words "abruptly move" in a crypto headline I know in don\'t need to read it.', '12o6da5'], ['u/aethiestinafoxhole', 10, '2023-04-16 16:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jghgbey/', 'They can’t keep getting away with it!', '12o6da5'], ['u/uselessadjective', 11, '2023-04-16 17:30', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jghpv3x/', '#### So True\nBut on a serious note, Whales usually have a team of people (experienced) doing this for them', '12o6da5'], ['u/Aim_Sux', 10, '2023-04-16 18:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jghumg3/', 'You guys can afford coffee?', '12o6da5'], ['u/rootpl', 21, '2023-04-16 22:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgixu99/', ">Man, whales abruptly moving over 850M in BTC, meanwhile, I'm carefully triple checking my test transaction of $1 before sending the remaining $99.\n\nI've spent $70 on a Ledger to keep my $50 BTC safe. Big brain time.", '12o6da5']]], ['u/robotwizard_9009', 'I have evidence that Robinhood, w/ Jump Trading, tokenized our stonks with FTX for Melvin', 5675, '2023-04-16 14:48', 'https://www.reddit.com/r/amcstock/comments/12o7eaj/i_have_evidence_that_robinhood_w_jump_trading/', '\nI have evidence that Robinhood, w/ Jump Trading, tokenized our stonks with FTX for Melvin \n\nFirstly, it\'s important to know that Jump Trading is the crypto arm of RH and the largest holder of dogecoin.. \n\nJan 25th 2021 : Citadel and Point72 give Melvin Capital $2.5b \n\nJan 26th, FTX tokenized our stonks onto Solana and ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether continued its ascent following last week\'s Shanghai upgrade on the Ethereum blockchain, reaching an 11-month high. Insights: Sufficiently decentralized ownership and control would prevent any single party from dictating AI development, CoinDesk Chief Content Officer Michael Casey writes. Prices CoinDesk Market Index (CMI) 1,324 +5.9 ▲ 0.4% Bitcoin (BTC) $30,325 +0.0 ▲ 0.0% Ethereum (ETH) $2,120 +27.8 ▲ 1.3% S&P 500 4,137.64 −8.6 ▼ 0.2% Gold $2,015 +13.0 ▲ 0.6% Nikkei 225 28,493.47 +336.5 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,324 +5.9 ▲ 0.4% Bitcoin (BTC) $30,325 +0.0 ▲ 0.0% Ethereum (ETH) $2,120 +27.8 ▲ 1.3% S&P 500 4,137.64 −8.6 ▼ 0.2% Gold $2,015 +13.0 ▲ 0.6% Nikkei 225 28,493.47 +336.5 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) For months traders speculated whether the ether ( ETH ) price would crash following the Ethereum blockchain\'s milestone Shanghai upgrade, or if it would rally. Now we know: Ether\'s price took off after last week\'s first-ever enabling of crypto withdrawals from the blockchain\'s staking mechanism , blowing past $2,000 on fresh enthusiasm that the success of the upgrade could lead to a surge in growth and investor interest. And it\'s kept rising, gaining on four of the past five days, and hitting a fresh 11-month high on Sunday around $2,141. The ETH price is now up 77% year-to-date, still trailing the bitcoin ( BTC ) price gain of 83% in 2023, but catching up fast . "The market\'s pessimism regarding Ethereum staking withdrawals proved excessive," as Sean Farrell, head of digital asset strategy at FundStrat, put it last week. Insights Web2’s Lesson for AI: Decentralize to Protect Humanity This is going to sound presumptuous coming from a guy who doesn’t write code, let alone have any direct experience in machine learning or artificial intelligence research. Story continues But I gotta say it: The recent alarmist demand for a six-month pause or even a militarily enforced shutdown in AI research – from people with experience, money and influence in the artificial intelligence industry – is founded on some fundamentally flawed thinking that will encourage the same destructive outcome for humanity that we seek to avoid. That the U.S. government is simultaneously orchestrating a crackdown on the crypto industry, a field of open-source innovation that develops the kind of cryptography and network coordination technologies needed to manage AI threats, makes this an especially dangerous moment for all of us. These doomsayers are computer scientists, not students of economic history. The issue is not, in and of itself, that an out-of-control AI could evolve to kill us all . (We all know that. For decades, Hollywood has taught us that it is so.) No, the task is to ensure that the economics of AI don’t intrinsically encourage that horrific result. We must prevent concentrated control of the inputs and outputs of AI machines from hindering our capacity to act together in the common interest. We need collective, collaborative software development that creates a computational antidote to these dystopian nightmares. You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . The answer does not lie in shutting down AI innovation and locking ChatGPT creator OpenAI, the industry leader that has taken the field to its current level of development, into pole position. On the contrary, that’s the best way to ensure the nightmare comes true. Read the full story here: Important events. Impact: FinTech Leading Through Change (London) 2:00 a.m. HKT/SGT(18:00 UTC) German Buba President Nagel Speech 5:30 a.m. HKT/SGT(21:30 UTC) European Central Bank\'s President Lagarde Speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Tops $2.1K After Shanghai Upgrade; Governance Tokens of Liquid Staking Protocols See Gains Ether was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler\'s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day. Headlines Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means : DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding. How CoinDesk Will Use Generative AI Tools : Artificial intelligence (AI) tools are changing the way we work – especially the media. Here are the rules of the road for CoinDesk. Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value : More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows. Avalanche Surges to 6-Month High in Daily Active Addresses : The spike coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.” AI Boosters Would Sacrifice Humanity for a Simulacra - as Long as They\'re in Control : AI boosterism and associated “long-termist” ideas may be a threat to your privacy, property and civil rights.', '(Bloomberg) -- Metalpha Technology Holding Ltd. is targeting a $100 million fund to invest in Bitcoin and other crypto products from Grayscale Investments LLC, offering Chinese investors with an appetite for crypto a regulated channel to get involved.\nMost Read from Bloomberg\n• Bud Light Kicked a Hornet’s Nest and Ran Away\n• A $300,000 Salary Feels Like $100,000 in The Priciest US Cities\n• Merck-Moderna Vaccine Helps Keep Patients Free From Skin Cancer\n• Fuel That Powers the Global Economy Is Flashing Recession Signs\n• In Morgan Stanley CEO Race, Wealth Boss Emerges as One to Watch\nThe licensed digital asset wealth manager, formerly known as Dragon Victory International, has secured $20 million for its new fund since March, said Adrian Wang, Metalpha’s president.\nBased in Hong Kong, the firm had been mulling relocation but decided to stay put after the city laid out plans to become a crypto trading hub. Its new fund was launched with NextGen Digital Venture, headed by Jason Huang, formerly of Alibaba Group Holding Ltd. co-founder Joe Tsai’s family office Blue Pool Capital.\nThe key selling point for the fund is providing a legally compliant way for investors in Asia from traditional finance backgrounds to access the so-called web3 space, or a decentralized version of the internet built around blockchain technology.\n“A lot of our clients are family offices with traditional backgrounds, rather than pure crypto or pure web3 native investors,” said Wang, who declined to share specific investor names. “It’s overseas Chinese institutions — some of them are family offices, some of them are public companies.”\nThe abrupt collapse of FTX last year reverberated across the crypto industry, shrinking risk appetites among investors from all classes. Metalpha sees that shock dissipating in recent times and believes its regulator-compliant offering will benefit from interest returning.\n“In the last quarter of 2022, especially after FTX collapsed, we had some difficulties and a lot of clients hesitated to place new orders, but now it’s getting much better,” Wang said. “A lot of new traffic is coming in and people are gaining more confidence.”\nMetalpha is backed by Singapore-based financier Antalpha, which has been working with Chinese Bitcoin mining rig firm Bitmain Technologies Ltd. to offer low-interest loans to crypto miners. The company competes with other lenders including Chinese billionaire Jihan Wu’s Matrixport Technologies Pte and the embattled Amber Group.\n--With assistance from Zheping Huang.\nMost Read from Bloomberg Businessweek\n• A Smart Gun Is Finally Here, But Does Anyone Want It?\n• Banking Crises Are Preventable, But Human Nature Gets in the Way\n• There Are No Fees at America’s Smallest Bank\n• Death, Taxes and ‘Teflon Don’\n• Women Tackle Football With a Full-Contact League of Their Own\n©2023 Bloomberg L.P.', '(Bloomberg) -- Metalpha Technology Holding Ltd. is targeting a $100 million fund to invest in Bitcoin and other crypto products from Grayscale Investments LLC, offering Chinese investors with an appetite for crypto a regulated channel to get involved.\nMost Read from Bloomberg\n• Bud Light Kicked a Hornet’s Nest and Ran Away\n• A $300,000 Salary Feels Like $100,000 in The Priciest US Cities\n• Merck-Moderna Vaccine Helps Keep Patients Free From Skin Cancer\n• Fuel That Powers the Global Economy Is Flashing Recession Signs\n• In Morgan Stanley CEO Race, Wealth Boss Emerges as One to Watch\nThe licensed digital asset wealth manager, formerly known as Dragon Victory International, has secured $20 million for its new fund since March, said Adrian Wang, Metalpha’s president.\nBased in Hong Kong, the firm had been mulling relocation but decided to stay put after the city laid out plans to become a crypto trading hub. Its new fund was launched with NextGen Digital Venture, headed by Jason Huang, formerly of Alibaba Group Holding Ltd. co-founder Joe Tsai’s family office Blue Pool Capital.\nThe key selling point for the fund is providing a legally compliant way for investors in Asia from traditional finance backgrounds to access the so-called web3 space, or a decentralized version of the internet built around blockchain technology.\n“A lot of our clients are family offices with traditional backgrounds, rather than pure crypto or pure web3 native investors,” said Wang, who declined to share specific investor names. “It’s overseas Chinese institutions — some of them are family offices, some of them are public companies.”\nThe abrupt collapse of FTX last year reverberated across the crypto industry, shrinking risk appetites among investors from all classes. Metalpha sees that shock dissipating in recent times and believes its regulator-compliant offering will benefit from interest returning.\n“In the last quarter of 2022, especially after FTX collapsed, we had some difficulties and a lot of clients hesitated to place new orders, but now it’s getting much better,” Wang said. “A lot of new traffic is coming in and people are gaining more confidence.”\nMetalpha is backed by Singapore-based financier Antalpha, which has been working with Chinese Bitcoin mining rig firm Bitmain Technologies Ltd. to offer low-interest loans to crypto miners. The company competes with other lenders including Chinese billionaire Jihan Wu’s Matrixport Technologies Pte and the embattled Amber Group.\n--With assistance from Zheping Huang.\nMost Read from Bloomberg Businessweek\n• A Smart Gun Is Finally Here, But Does Anyone Want It?\n• Banking Crises Are Preventable, But Human Nature Gets in the Way\n• There Are No Fees at America’s Smallest Bank\n• Death, Taxes and ‘Teflon Don’\n• Women Tackle Football With a Full-Contact League of Their Own\n©2023 Bloomberg L.P.', 'editor\'s node column On Tuesday, a financial reporter friend texted me to ask if I\'d be attending NFT NYC events the next day. "How is it even happening this year when the volume is so low," she asked. I sent her a spreadsheet that listed 180 different events happening in the next three days all around the city—there was plenty to do. By Wednesday afternoon, I was standing outside Samsung\'s Future+ launch event doing an interview with a radio reporter who asked me whether this year\'s event felt like a shell of what it once was, since, after all, NFTs are down bad. Hey, I get it. After the speculative JPEG-flipping bubble of 2021 popped and overall NFT sales volume plummeted, the mocking stories write themselves. It\'s easy to view today\'s NFT space as a punchline, especially if you focus on a single brutal data point comparing volume at the peak to volume now. (NFT sales surged to $2 billion in February, by the way, and dipped only slightly below $2 billion in March.) But if you ask me if the scene is dead, the answer is an emphatic no. NFT NYC events I attended this year had the energy, positivity, and idea-sharing I\'ve come to expect from crypto cultural gatherings over the past few years. Six weeks after an NFT Paris that blew me away , NFT NYC reinforced that Web3 and NFT culture is alive and well, bear market or not. Here are just a few moments I saw that should excite Web3 builders, and might even pique the curiosity of skeptics. 1. 9dcc Treasure Hunt: NFT collector and influencer Gmoney and his Web3 luxury brand 9dcc set up an NFT scavenger hunt with stops across the city. Participants had to hit at least seven different locations from a larger list over the course of three days, checking in at each one by scanning their phones to earn a POAP (proof-of-attendance protocol) NFT showing they were there; prizes included a rare Chromie Squiggle NFT. At every party I attended I saw people wearing the 9dcc ballcap they received at the hunt\'s first stop, and raving about the creativity of the experience. This is one of many use cases we\'re seeing for NFTs that are unique, social, marketable, and make actual use of the technology. Story continues 2. Jeremy Booth\'s NFC-chipped Wrangler jacket : The commercial artist Jeremy Booth , a former illustrator at Coinbase, has had a glow-up in the NFT art space thanks to his crisp Western-themed artwork showcased in collections like " Boots " and " Dirt ." In time for NFT NYC, he partnered with Wrangler on a custom "Western Art Dept" black denim jacket, adorned with his own cowboy art and embedded with an NFC (near-field communication) chip that allowed anyone Jeremy met during the week to scan his sleeve and earn a Concrete Cowboys "proof of friendship" POAP with his art on it. Again: the type of thing NFT skeptics could dismiss as a gimmick, but to me it combines original art, fashion, and an IRL experience, all in a way that brought more attention and fans to a deserving digital artist. The innovative team at @ltdinc_official have included a chip connecting the garment to an NFT verifying authenticity and ownership. Fashion meets blockchain. pic.twitter.com/NJYXIs0S5c — jeremybooth (@jeremybooth) April 11, 2023 3. Bitcoin NFTs get toasted at a Bitcoin-themed bar: It wasn\'t so long ago that NFTs were strictly "an Ethereum thing," and so-called Bitcoin maximalists wanted nothing to do with NFTs. That has changed with the soaring popularity of Ordinal Inscriptions , digital items built on the Bitcoin blockchain, made possible by Bitcoin\'s Taproot upgrade last fall. At this happy hour hosted by Trust Machines at PubKey, a Bitcoin-themed bar in Manhattan that opened last year ( Bloomberg torched it for not accepting Bitcoin as payment; it does now), let\'s just say I ran into a lot of familiar faces who are highly influential on Crypto Twitter and who, one year ago, were certainly not talking publicly about NFTs. Now Bitcoiners are buzzing about Taproot Wizards , Bitcoin Apes , and Ordinals on Magic Eden . 4. Web3 sci-fi TV series scores big names: Veteran TV actor David Bianchi was in town to promote his forthcoming dystopian sci-fi series " RZR ," which announced this week that it has added Mena Suvari and Danny Trejo to the cast in special guest star roles. I ran into David outside SoHo House and he showed me a clip from the show, which is in post-production; it looked very slick. The eight-episode series is truly a Web3-native effort: a live-action series produced by a Web3 company for Web3 release. It will premiere in July on the new streaming platform from Gala Film , a division of Web3 gaming company Gala Games ; show creator Bianchi\'s production company sold NFTs to spur engagement (holders will get access to bonus content); and the plot involves crypto. Bianchi is already in conversations with multiple large streaming platforms about a possible wider release after the series launches on Gala. These are just a few memorable moments, but they\'re reflective of what excites me in Web3 right now: unique use cases of the technology in art, fashion, and entertainment, and in ways that reward artists and creators. Yat Siu, the Animoca Brands chairman who is making a billion-dollar-bet on the metaverse , put it well when we chatted at NFT Paris in February. "We think the future of crypto, and Web3 generally, is all culture," he said. "We think of culture maybe an artist or musician, but actually, if it wasn\'t for that artist, or musician, you wouldn\'t have Netflix, you wouldn\'t HBO, you wouldn\'t have Sony PlayStation, you wouldn\'t have a TV, you wouldn\'t have radio, you wouldn\'t have everything that you enjoy right now. Culture is the biggest soft power and perhaps the biggest driver of economic growth." Even Arthur Hayes, the BitMEX founder who spends his day trading crypto and tweeting about price action, is pumped about the culture. His Twitter PFP is currently a Taproot Wizard NFT. "In my view, NFTs is a data construct, and it\'s a data construct that allows us to trade human culture," he told us in an interview for the gm podcast coming out this week. "Everything we do other than eating and sleeping is culture, right? It\'s sports. It\'s going to a nice restaurant. It\'s looking at art. It\'s listening to music. NFTs is: How do I make this scarce? How do I make this tradable? How do I give money back to the creators? And this is probably, I think, one of the biggest applications of this cryptographic money technology that we\'re building, it\'s unlocking the potential of the long tail of human culture and letting everybody participate." It\'s hard not to feel energized by that take.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ether continued its ascent following last week\'s Shanghai upgrade on the Ethereum blockchain, reaching an 11-month high.\nInsights:Sufficiently decentralized ownership and control would prevent any single party from dictating AI development, CoinDesk Chief Content Officer Michael Casey writes.\nCoinDesk Market Index (CMI)\n1,324\n+5.9▲0.4%\nBitcoin (BTC)\n$30,325\n+0.0▲0.0%\nEthereum (ETH)\n$2,120\n+27.8▲1.3%\nS&P 500\n4,137.64\n−8.6▼0.2%\nGold\n$2,015\n+13.0▲0.6%\nNikkei 225\n28,493.47\n+336.5▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,324", "+5.9\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,325", "+0.0\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$2,120", "+27.8\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,137.64", "\\u22128.6\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,015", "+13.0\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,493.47", "+336.5\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nFor months tradersspeculatedwhether the ether (ETH) price would crash following the Ethereum blockchain\'s milestone Shanghai upgrade, or if it would rally.\nNow we know: Ether\'s price took off after last week\'sfirst-ever enabling of crypto withdrawals from the blockchain\'s staking mechanism, blowing past $2,000 on fresh enthusiasm that the success of the upgrade could lead to a surge in growth and investor interest.\nAnd it\'s kept rising, gaining on four of the past five days, and hitting a fresh 11-month high on Sunday around $2,141.\nThe ETH price is now up 77% year-to-date, still trailing the bitcoin (BTC) price gain of 83% in 2023, butcatching up fast.\n"The market\'s pessimism regarding Ethereum staking withdrawals proved excessive," as Sean Farrell, head of digital asset strategy at FundStrat, put it last week.\nWeb2’s Lesson for AI: Decentralize to Protect Humanity\nThis is going to sound presumptuous coming from a guy who doesn’t write code, let alone have any direct experience in machine learning or artificial intelligence research.\nBut I gotta say it: The recent alarmist demand for asix-month pauseor even amilitarily enforced shutdownin AI research – from people with experience, money and influence in the artificial intelligence industry – is founded on some fundamentally flawed thinking that will encourage the same destructive outcome for humanity that we seek to avoid. That the U.S. government is simultaneously orchestrating a crackdown on the crypto industry, a field of open-source innovation that develops the kind of cryptography and network coordination technologies needed to manage AI threats, makes this an especially dangerous moment for all of us.\nThese doomsayers are computer scientists, not students of economic history. The issue is not, in and of itself, that an out-of-control AI couldevolve to kill us all. (We all know that. For decades,Hollywood has taught us that it is so.)No, the task is to ensure that the economics of AI don’t intrinsically encourage that horrific result. We must prevent concentrated control of the inputs and outputs of AI machines from hindering our capacity to act together in the common interest. We need collective, collaborative software development that creates a computational antidote to these dystopian nightmares.\nYou’re readingMoney Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletterhere.\nThe answer does not lie in shutting down AI innovation and locking ChatGPT creator OpenAI, the industry leader that has taken the field to its current level of development, into pole position. On the contrary, that’s the best way to ensure the nightmare comes true.\nRead the full storyhere:\nImpact: FinTech Leading Through Change (London)\n2:00 a.m. HKT/SGT(18:00 UTC)German Buba President Nagel Speech\n5:30 a.m. HKT/SGT(21:30 UTC)European Central Bank\'s President Lagarde Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Tops $2.1K After Shanghai Upgrade; Governance Tokens of Liquid Staking Protocols See Gains\nEther was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler\'s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day.\nMarket Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means:DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding.\nHow CoinDesk Will Use Generative AI Tools:Artificial intelligence (AI) tools are changing the way we work – especially the media. Here are the rules of the road for CoinDesk.\nEthereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value:More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.\nAvalanche Surges to 6-Month High in Daily Active Addresses:The spike coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.”\nAI Boosters Would Sacrifice Humanity for a Simulacra - as Long as They\'re in Control:AI boosterism and associated “long-termist” ideas may be a threat to your privacy, property and civil rights.', 'Bitcoin dipped in early Monday morning trading in Asia to move just below the US$30,000 mark. Ether also stalled after strong gains that followed last week\x92s upgrade to the Ethereum blockchain. Most other top 10 non-stablecoin cryptocurrencies traded lower, with the exception of Solana, the BNB token of the Binance exchange, and Litecoin. U.S. equity futures moved higher after gains last week, though they lost some steam on Friday amid a mixed outlook for the economy. See related article: Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement Fast facts Bitcoin fell 1.47% to US$29,858 in the 24 hours to 09:00 a.m. in Hong Kong, but is still up 5.13% for the week, according to CoinMarketCap data . The token briefly breached the US$31,000 mark on Friday but then fluctuated above US$30,000 over the weekend. Bitcoin\x92s gains last week came amid optimism around the Ethereum upgrade and signs of a slowdown in U.S. inflation in March . Lower inflation usually encourages buying of risk assets, including cryptocurrencies, said Marat Minkin, co-founder of decentralized finance payment app TONBanking . Cathy Wood, the CEO of investment manager Ark Invest, said on Friday that uncertainty about the outlook for the U.S. economy is also driving the safe-haven message around cryptocurrencies. Ethereum dipped 0.40% to US$2,082. The token is up about 12% for the past seven days, which included Wednesday\x92s Shanghai upgrade that allows investors to withdraw their staked Ether. As of 9:00 a.m. in Hong Kong, over 992,000 Ether had been withdrawn since Wednesday, while withdrawal of another 897,000 Ether are pending, according to data from Token Unlocks . Both amounts make up about 10% of the total 17 million staked Ether. Binance\x92s BNB led the winners and rose 3.07% to US$343.33, with a weekly gain of 9.79%. The world\x92s largest crypto exchange announced on Friday a partnership with the Brazilian Football Confederation to launch the first non-fungible token (NFT) of the country\x92s national football league. Solana gained 3.01% to US$24.91, posting a weekly jump of 22.63%. Solana Mobile, a subsidiary of Solana Labs, launched Saga on Thursday, an Android smartphone integrated with the Solana blockchain. Solana Labs also entered a partnership with U.S.-based drink retailer Boba Guys for on-chain loyalty reward program The total crypto market capitalization dropped 0.76% in the past 24 hours to US$1.26 trillion. The total trading volume over the last 24 hours rose 13.46% to US$38.86 billion. In the NFT market, the Forkast 500 NFT index added 0.91% to 4,053.99 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 2.98% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average added 0.19%. The S&P 500 futures gained 0.17% and the Nasdaq Composite Index inched 0.01% higher. The three indexes dipped Friday, though all logged gains for the week, as U.S. economic data sent mixed information to investors on what the Federal Reserve will do with interest rates at its next meeting on May 3. Consumer sentiment ticked up in April, according to a report on Friday, while retail sales fell in March, both readings that suggest inflation is cooling. However, first-quarter earnings of major banks, including JPMorgan Chase & Co. , Citigroup Inc. and Wells Fargo & Co , beat expectations, suggesting a stronger economy that may feed inflation, according to a Reuters report on Friday. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at the CME Group now see a 17.9% chance the Fed will not raise interest rates at its next meeting on May 3, while 82.1% predict a 25-basis-point rate hike,up from 66.5% last Friday. See related article: Forkast NFT indexes reveal the hidden costs of y00ts, DeGods\x92 moves across blockchains', 'Mahe, Seychelles --News Direct-- Chainwire The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads , has confirmed it will list on BitMart exchange soon . The DigiToads presale has already raised more than $1.35M, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity. The DigiToads (TOADS) Cycle The DigiToads presale, a new ICO, has already raised more than $1,350,000 in the earlier tranches of its presale. The project aims to be a top ICO, building on the successful presale raise which provided substantial discounts for early investors. As soon as DigiToads launches, presale participants will be fully liquid and free to trade on the open market with no vesting. The BitMart Listing BitMart has confirmed it will be listing DigiToads to provide more liquidity and a broader audience. In addition, investors could monitor the progression through the presale, of which the TOADS token will increase incrementally in later stages, until it reaches a price of $0.055 per token in the last tranche of the presale. What is DigiToads (TOADS)? DigiToads blends NFT technology with a Play-2-Earn gaming model, allowing users to own their unique Toads and utilize their NFTs to earn money making DigiToads the best crypto to invest in this year. Users can battle and breed their Toads in the Toad-Cade, and at the end of the season, 50% of the funds raised from in-game item sales will be allocated to the monthly prize pool. The top 25% of players will receive an allocation, meaning the most dedicated will be rewarded for their participation and skill. DigiToads also introduces two new revolutionary concepts to drive aggressive treasury growth. The first is the Toad School, which will provide an entire trading course allowing every TOADS holder to become a more efficient market participant. When the DigiToads decentralized exchange, The Trading Post, launches, they will be able to put their skills to the test and grow the protocol. Story continues Secondly, the fabled Platinum Toad. There will be 12 Platinum Toads distributed to the most skilled traders in the Toad ecosystem, decided by on-chain trading competitions. Holders of the Platinum toad will have access to 1/12 of the TOADS treasury to trade and will receive 10% of all trading profits. About DigiToads DigiToads is a memecoin with utility built into its ecosystem. With NFTs, a Staking Platform and Play to earn game, the project aims to cement itself as a popular memecoin on the market. To become a DigiToads (TOADS) holder today visit the website at https://digitoads.world and use the promo code BITMART20 to get a 20% bonus on the purchase. The coupon code expires on April 20th. Contact Details DigiToads [email protected] View source version on newsdirect.com: https://newsdirect.com/news/new-meme-coin-digitoads-toads-token-to-list-on-bitmart-exchange-167699445', 'Mahe, Seychelles --News Direct-- Chainwire The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads , has confirmed it will list on BitMart exchange soon . The DigiToads presale has already raised more than $1.35M, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity. The DigiToads (TOADS) Cycle The DigiToads presale, a new ICO, has already raised more than $1,350,000 in the earlier tranches of its presale. The project aims to be a top ICO, building on the successful presale raise which provided substantial discounts for early investors. As soon as DigiToads launches, presale participants will be fully liquid and free to trade on the open market with no vesting. The BitMart Listing BitMart has confirmed it will be listing DigiToads to provide more liquidity and a broader audience. In addition, investors could monitor the progression through the presale, of which the TOADS token will increase incrementally in later stages, until it reaches a price of $0.055 per token in the last tranche of the presale. What is DigiToads (TOADS)? DigiToads blends NFT technology with a Play-2-Earn gaming model, allowing users to own their unique Toads and utilize their NFTs to earn money making DigiToads the best crypto to invest in this year. Users can battle and breed their Toads in the Toad-Cade, and at the end of the season, 50% of the funds raised from in-game item sales will be allocated to the monthly prize pool. The top 25% of players will receive an allocation, meaning the most dedicated will be rewarded for their participation and skill. DigiToads also introduces two new revolutionary concepts to drive aggressive treasury growth. The first is the Toad School, which will provide an entire trading course allowing every TOADS holder to become a more efficient market participant. When the DigiToads decentralized exchange, The Trading Post, launches, they will be able to put their skills to the test and grow the protocol. Story continues Secondly, the fabled Platinum Toad. There will be 12 Platinum Toads distributed to the most skilled traders in the Toad ecosystem, decided by on-chain trading competitions. Holders of the Platinum toad will have access to 1/12 of the TOADS treasury to trade and will receive 10% of all trading profits. About DigiToads DigiToads is a memecoin with utility built into its ecosystem. With NFTs, a Staking Platform and Play to earn game, the project aims to cement itself as a popular memecoin on the market. To become a DigiToads (TOADS) holder today visit the website at https://digitoads.world and use the promo code BITMART20 to get a 20% bonus on the purchase. The coupon code expires on April 20th. Contact Details DigiToads [email protected] View source version on newsdirect.com: https://newsdirect.com/news/new-meme-coin-digitoads-toads-token-to-list-on-bitmart-exchange-167699445', 'Bitcoin dipped in early Monday morning trading in Asia to move just below the US$30,000 mark. Ether also stalled after strong gains that followed last week’supgradeto the Ethereum blockchain. Most other top 10 non-stablecoin cryptocurrencies traded lower, with the exception of Solana, the BNB token of the Binance exchange, and Litecoin. U.S. equity futures moved higher after gains last week, though they lost some steam on Friday amid a mixed outlook for the economy.\nSee related article:Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement\n• Bitcoin fell 1.47% to US$29,858 in the 24 hours to 09:00 a.m. in Hong Kong, but is still up 5.13% for the week, according toCoinMarketCap data. The token briefly breached the US$31,000 mark on Friday but then fluctuated above US$30,000 over the weekend.\n• Bitcoin’s gains last week came amid optimism around the Ethereum upgrade and signs of a slowdown inU.S. inflation in March. Lower inflation usually encourages buying of risk assets, including cryptocurrencies,saidMarat Minkin, co-founder of decentralized finance payment appTONBanking. Cathy Wood, the CEO of investment manager Ark Invest,said on Fridaythat uncertainty about the outlook for the U.S. economy is also driving the safe-haven message around cryptocurrencies.\n• Ethereum dipped 0.40% to US$2,082. The token is up about 12% for the past seven days, which included Wednesday’s Shanghai upgrade that allows investors to withdraw their staked Ether. As of 9:00 a.m. in Hong Kong, over 992,000 Ether had beenwithdrawnsince Wednesday, while withdrawal of another 897,000 Ether are pending, according to data fromToken Unlocks. Both amounts make up about 10% of the total 17 million staked Ether.\n• Binance’s BNB led the winners and rose 3.07% to US$343.33, with a weekly gain of 9.79%. The world’s largest crypto exchangeannouncedon Friday a partnership with the Brazilian Football Confederation to launch the first non-fungible token (NFT) of the country’s national football league.\n• Solana gained 3.01% to US$24.91, posting a weekly jump of 22.63%. Solana Mobile, a subsidiary of Solana Labs,launchedSaga on Thursday, an Android smartphone integrated with the Solana blockchain. Solana Labs also entered apartnershipwith U.S.-based drink retailer Boba Guys for on-chain loyalty reward program\n• The total crypto market capitalization dropped 0.76% in the past 24 hours to US$1.26 trillion. The total trading volume over the last 24 hours rose 13.46% to US$38.86 billion.\n• In the NFT market, the Forkast 500 NFT index added 0.91% to 4,053.99 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 2.98% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average added 0.19%. The S&P 500 futures gained 0.17% and the Nasdaq Composite Index inched 0.01% higher.\n• The three indexes dipped Friday, though all logged gains for the week, as U.S. economic data sent mixed information to investors on what the Federal Reserve will do with interest rates at its next meeting on May 3. Consumer sentiment ticked up in April, according to areporton Friday, whileretail sales fellin March, both readings that suggest inflation is cooling.\n• However, first-quarter earnings of major banks, includingJPMorgan Chase & Co.,Citigroup Inc.and WellsFargo & Co, beat expectations, suggesting a stronger economy that may feed inflation, according to aReutersreport on Friday.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at theCME Groupnow see a 17.9% chance the Fed will not raise interest rates at its next meeting on May 3, while 82.1% predict a 25-basis-point rate hike,up from 66.5% last Friday.\nSee related article:Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains', 'Bitcoin dipped in early Monday morning trading in Asia to move just below the US$30,000 mark. Ether also stalled after strong gains that followed last week’supgradeto the Ethereum blockchain. Most other top 10 non-stablecoin cryptocurrencies traded lower, with the exception of Solana, the BNB token of the Binance exchange, and Litecoin. U.S. equity futures moved higher after gains last week, though they lost some steam on Friday amid a mixed outlook for the economy.\nSee related article:Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement\n• Bitcoin fell 1.47% to US$29,858 in the 24 hours to 09:00 a.m. in Hong Kong, but is still up 5.13% for the week, according toCoinMarketCap data. The token briefly breached the US$31,000 mark on Friday but then fluctuated above US$30,000 over the weekend.\n• Bitcoin’s gains last week came amid optimism around the Ethereum upgrade and signs of a slowdown inU.S. inflation in March. Lower inflation usually encourages buying of risk assets, including cryptocurrencies,saidMarat Minkin, co-founder of decentralized finance payment appTONBanking. Cathy Wood, the CEO of investment manager Ark Invest,said on Fridaythat uncertainty about the outlook for the U.S. economy is also driving the safe-haven message around cryptocurrencies.\n• Ethereum dipped 0.40% to US$2,082. The token is up about 12% for the past seven days, which included Wednesday’s Shanghai upgrade that allows investors to withdraw their staked Ether. As of 9:00 a.m. in Hong Kong, over 992,000 Ether had beenwithdrawnsince Wednesday, while withdrawal of another 897,000 Ether are pending, according to data fromToken Unlocks. Both amounts make up about 10% of the total 17 million staked Ether.\n• Binance’s BNB led the winners and rose 3.07% to US$343.33, with a weekly gain of 9.79%. The world’s largest crypto exchangeannouncedon Friday a partnership with the Brazilian Football Confederation to launch the first non-fungible token (NFT) of the country’s national football league.\n• Solana gained 3.01% to US$24.91, posting a weekly jump of 22.63%. Solana Mobile, a subsidiary of Solana Labs,launchedSaga on Thursday, an Android smartphone integrated with the Solana blockchain. Solana Labs also entered apartnershipwith U.S.-based drink retailer Boba Guys for on-chain loyalty reward program\n• The total crypto market capitalization dropped 0.76% in the past 24 hours to US$1.26 trillion. The total trading volume over the last 24 hours rose 13.46% to US$38.86 billion.\n• In the NFT market, the Forkast 500 NFT index added 0.91% to 4,053.99 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 2.98% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average added 0.19%. The S&P 500 futures gained 0.17% and the Nasdaq Composite Index inched 0.01% higher.\n• The three indexes dipped Friday, though all logged gains for the week, as U.S. economic data sent mixed information to investors on what the Federal Reserve will do with interest rates at its next meeting on May 3. Consumer sentiment ticked up in April, according to areporton Friday, whileretail sales fellin March, both readings that suggest inflation is cooling.\n• However, first-quarter earnings of major banks, includingJPMorgan Chase & Co.,Citigroup Inc.and WellsFargo & Co, beat expectations, suggesting a stronger economy that may feed inflation, according to aReutersreport on Friday.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at theCME Groupnow see a 17.9% chance the Fed will not raise interest rates at its next meeting on May 3, while 82.1% predict a 25-basis-point rate hike,up from 66.5% last Friday.\nSee related article:Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains', 'Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% in the week through April 14 to trade at US$30,688 at 9:15 p.m. on Friday in Hong Kong.Etherrose 13.16% in the same period to US$2,100.\nIt’s been an eventful week for crypto and the global economy.\nBitcoin broke US$30,000for the first time since June 2022, days after the blockchain surpassed1 million Ordinalsinscriptions, generating over US$4.8 million in fees for the network. Ordinals are likened to non-fungible tokens (NFTs) on Bitcoin and allow users to mint images, videos, text and even video games.\nInvestor sentiment ticked up after Ethereum completed theShanghai upgradeon Wednesday, enabling staking withdrawals for the first time. Ether broke through the US$2,000 ceiling for the first time since August last year, snuffing out initial concerns that Ether withdrawals would addselling pressureon the world’s second-largest cryptocurrency.\nEven if Ether are unstaked, it does not necessarily mean that people are going to sell, because they could also use it for other DeFi investments, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday.\nOn economy readings, the U.S. consumer price index (CPI) released on Wednesday showed a cooler-than-expected inflation gain of 5% in March on year, the smallest increase since May 2021.\nU.S. equities rallied Thursday on softer readings in the U.S. producer price index and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.\nThe seeming slowdown in inflation could encourage investors and hedge funds to buy Bitcoin, said Marat Minkin, co-founder of decentralized finance payment appTONBanking.\nLower inflation usually encourages investors to take a more aggressive risk stance for assets like Bitcoin, said Minkin in emailed comments.\nJohn Isige, an analyst at crypto trading platformVauld, said that Bitcoin’s gains this year show it is maturing as an asset class and that it offers a hedge against economic uncertainty.\n“Bitcoin is definitely at the start of a bull run. Volumes are still low but holding US$30,000 could keep small retail traders streaming into the market,” Isige said in a LinkedIn response toForkast.The latest CPI data shows inflation is easing in the U.S. and that is encouraging, he said.\nHowever, Brian Santos, the founder of the non-profit Bitcoin Business Alliance said the token remains in bearish territory and he expects a price correction if Bitcoin does not break out well above US$30,000.\nKadan Stadelmann, chief technical officer of blockchain infrastructure development firmKomodo, agreed that Bitcoin could still be in a bear market due to thin volume.\nThe global crypto market capitalization stood at US$1.28 trillion on Friday at 9:15 p.m. in Hong Kong, up from US$1.18 trillion a week ago, according toCoinMarketCapdata. Bitcoin’s US$594 billion market cap accounted for 46.4% of the market, while Ether’s US$252 billion accounted for 19.7%.\nSee related article:Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’\nThe Render Network’s token (RNDR) was this week’s biggest gainer among the top 100 coins by market capitalization listed on CoinMarketCap, rallying 24.83% to US$1.61. The token started gaining momentum on April 9, three days after the networkannouncedthe community approval of its migration to Solana.\nThe Render Networkallows idle GPUs (graphics processing units) to beusedfor the digital rendering needed in fields like 3D modeling, gaming imagery, and virtual reality.\nThe WOO coin, the utility token of crypto trading platformWoo Network, was this week’s second biggest gainer with a rise of 23.14% to trade at US$0.25. The token started its rally on April 10, days after crypto exchange Krakenannouncedthe launch of WOO perpetual contracts.\n“All eyes are on US$32,000, a resistance that may determine the beginning of a bull run. A break above this brings US$38,000 within a reachable scope,” wrote Isige.\nBut Ikrom Ergashev, co-founder of blockchain investment analytics firmNeironix, expects Bitcoin to move sideways next week at US$29,000-32,000, he said in emailed comments.\nSee related article:Ethereum stands firm as Shapella upgrade rolls out', 'Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% in the week through April 14 to trade at US$30,688 at 9:15 p.m. on Friday in Hong Kong.Etherrose 13.16% in the same period to US$2,100.\nIt’s been an eventful week for crypto and the global economy.\nBitcoin broke US$30,000for the first time since June 2022, days after the blockchain surpassed1 million Ordinalsinscriptions, generating over US$4.8 million in fees for the network. Ordinals are likened to non-fungible tokens (NFTs) on Bitcoin and allow users to mint images, videos, text and even video games.\nInvestor sentiment ticked up after Ethereum completed theShanghai upgradeon Wednesday, enabling staking withdrawals for the first time. Ether broke through the US$2,000 ceiling for the first time since August last year, snuffing out initial concerns that Ether withdrawals would addselling pressureon the world’s second-largest cryptocurrency.\nEven if Ether are unstaked, it does not necessarily mean that people are going to sell, because they could also use it for other DeFi investments, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday.\nOn economy readings, the U.S. consumer price index (CPI) released on Wednesday showed a cooler-than-expected inflation gain of 5% in March on year, the smallest increase since May 2021.\nU.S. equities rallied Thursday on softer readings in the U.S. producer price index and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.\nThe seeming slowdown in inflation could encourage investors and hedge funds to buy Bitcoin, said Marat Minkin, co-founder of decentralized finance payment appTONBanking.\nLower inflation usually encourages investors to take a more aggressive risk stance for assets like Bitcoin, said Minkin in emailed comments.\nJohn Isige, an analyst at crypto trading platformVauld, said that Bitcoin’s gains this year show it is maturing as an asset class and that it offers a hedge against economic uncertainty.\n“Bitcoin is definitely at the start of a bull run. Volumes are still low but holding US$30,000 could keep small retail traders streaming into the market,” Isige said in a LinkedIn response toForkast.The latest CPI data shows inflation is easing in the U.S. and that is encouraging, he said.\nHowever, Brian Santos, the founder of the non-profit Bitcoin Business Alliance said the token remains in bearish territory and he expects a price correction if Bitcoin does not break out well above US$30,000.\nKadan Stadelmann, chief tec Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $579,676,566,000 - Hash Rate: 368979619.9704619 - Transaction Count: 316193.0 - Unique Addresses: 665181.0 Social & AI Sentiment: - Fear & Greed Index: 0.69 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Terra founder and CEO Do Kwon Terra USD Bitcoin founder Do Kwon has been arrested in Montenegro after months on the run, according to Montenegrin officials. Interior Minister Filip Adzic announced on Twitter that a suspect believed to be Kwon was arrested and detained at an airport in Podgorica, saying he was found in possession of false documents. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space How To Drop a Pin in Google Maps Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Kwon, co-founder, and CEO of Singapore-based Terraform Labs, Adzic tweeted . The former Terraform CEO is wanted in South Korea for an investigation into his companys collapse in May of last year, which set off last years disastrous crypto winter . A warrant was issued for Kwons arrest in September. Although Kwon claimed to not be on the run at the time, he disappeared from public view. He was reportedly living in Singapore before he disappeared and was spotted first in Dubai, and then Serbia before turning up in Montenegro. Although the suspect has not yet officially been identified and local authorities are still awaiting confirmation, Adzic said they believe they have Do Kwon based on the age, name, and nationality on his identification card. TerraUSD collapsed last year, losing approximately $40 billion, and when Kwon refused to return to South Korea, an arrest warrant was issued for allegedly violating the countrys capital markets law. When he still refused to turn himself in, prosecutors issued a request to South Koreas Foreign Ministry to revoke Kwons passport . Interpol was looped into the search efforts but had no more success locating Kwon who posted on Twitter in September, I am not on the run or anything similar for any government agency that has shown interest to communicate, we are in full cooperation and we dont have anything to hide. Story continues He continued, We are in the process of defending ourselves in multiple jurisdictions we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months. Kwon is also being sued by the Securities and Exchange Commission in the U.S. for alleged securities fraud. The commission claims Kwon and TerraUSD transferred 10,000 bitcoin , which is equivalent to millions of dollars, from the Terra/Luna project to a Swiss bank before the company went under. Kwon has denied the claims . If found guilty of securities fraud, the SEC is trying to ensure Kwon is barred from crypto dealing and would be required to pay penalties for his illegal dealings. SEC Chair Gary Gensler said in a press release last month, This case demonstrates the lengths to which some crypto firms will go to avoid complying with the securities laws, but it also demonstrates the strength and commitment of the SECs dedicated public servants. More from Gizmodo The Best College Science and Tech Programs Fast Food Apps, Ranked Sign up for Gizmodo's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today Michael Saylor, the outspoken bitcoin proponent and co-founder of business analytics software firm MicroStrategy (MSTR), has integrated Bitcoin’s Lightning Network into his corporate email address. This means anyone can use that email address – [email protected] – to send bitcoin ( BTC ) to the 58-year-old billionaire. So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 The integration uses The Lightning Address protocol, which allows developers to replace a standard Lightning invoice, or payment request, with an internet identifier such as an email address. The Lightning Network is the Bitcoin blockchain’s layer 2 scaling system designed to make bitcoin payments cheaper and faster. Saylor, who is reportedly worth around $1.2 billion and whose company has amassed approximately 140,000 BTC (about $4 billion at current prices), has been receiving small bitcoin donations from fans after tweeting about the integration.', 'Join the most important conversation in crypto and web3! Secure your seat today Vetle Lunde, a crypto markets analyst at K33 Research, sees parallels between bitcoin\x92s (BTC) recent surge from the doldrums of 2022 and its price pattern from 2018 into 2019. In an interview on CoinDesk TV\x92s \x93First Mover\x94 program on Monday, Lunde said that "the current drawdown and recovery stage is remarkably similar to that in 2019, both in duration and price movement.\x94 In a research note to clients last week, Lunde wrote that bitcoin could reach $45,000. BTC was currently trading at about $29,440, down 2%, although it is up about 80% in 2023. The rebound follows a year of distress, in which multiple major firms declared bankruptcy, sending risk-shy investors fleeing from crypto markets. Read More: Bitcoin Could Peak at $45K in May, Analyst Says \x93We saw throughout the latter part of 2022 a lot of forced selling, and also selling from investors who grew cautious,\x94 Lunde said. \x93This has led people to be underexposed. And has also enticed a lot of people to short (crypto) being conservative with adding exposure. This creates this dynamic where bitcoin feeds on your short squeezes and moves higher.\x94 He added that negative to neutral sales of derivatives, despite recent price gains, were further signs of investor caution. That sentiment could change, although the market\x92s relatively low liquidity remained a potential weight on future pricing. Lunde believes that faint signs last week that the U.S. Federal Reserve would scale back its hawkish monetary policy amid mildly encouraging inflation data could boost market sentiment. He blamed crypto prices\x92 swoon last year partly on firms overexposing themselves when interest rates were zero. \x93It was a lot of spending, a lot of focus on growth,\x94 Lunde said. \x93So you had this environment where miners took a lot of fiat that held a lot of bitcoin and then were exposed to falling prices, in addition to all the crypto banks starting to neglect due diligence.\x94 But the industry-wide crisis of 2022, which included multiple, major firms declaring bankruptcy, including crypto hedge fund Three Arrows Capital, has already been benefiting markets by weeding out bad actors, Lunde suggested. \x93A lot of these rotten fruits have been washed out of the market,\x94 he said. \x93So the entire market is in a more robust stage right now where it can handle higher interest rates for longer.\x94 He added: \x93The industry has learned. I\'m pretty sure that we will experience similar kinds of crisis in the future, unfortunately. But for now, those kinds of risks feel washed out of the market. So the market feels a lot more safe at the moment.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin drops below $29.5K as investors\' appetite for riskier assets lessens. Insights: What crypto projects are solving particularly important problems? Consensus Magazine presents 19 that you should be watching in 2023. Prices CoinDesk Market Index (CMI) 1,288 −20.5 ▼ 1.6% Bitcoin (BTC) $29,387 −578.8 ▼ 1.9% Ethereum (ETH) $2,074 −19.2 ▼ 0.9% S&P 500 4,151.32 +13.7 ▲ 0.3% Gold $2,011 +16.4 ▲ 0.8% Nikkei 225 28,514.78 +21.3 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,288 −20.5 ▼ 1.6% Bitcoin (BTC) $29,387 −578.8 ▼ 1.9% Ethereum (ETH) $2,074 −19.2 ▼ 0.9% S&P 500 4,151.32 +13.7 ▲ 0.3% Gold $2,011 +16.4 ▲ 0.8% Nikkei 225 28,514.78 +21.3 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is Bitcoin Entering a New Range? After a week-long rise above $30,000, bitcoin dipped below the symbolic threshold. The largest cryptocurrency by market capitalization was recently trading at about $29,400, down about 1.9% over the past 24 hours. BTC dipped below $29,300 at one point as banking unrest subsided, treasury yields rose and investors shied away from riskier assets. "Cryptos are losing some appeal as banking turmoil risks appear to be disappearing," Edward Moya, senior analyst at foreign exchange market maker Oanda, wrote in an email. "[Federal Reserve] lending to banks continues to ease and earnings have not revealed any major strains with the early banks that have reported. Also dampening the appeal for crypto is the surge behind Treasury yields, which is dampening the appeal for most risky assets." Moya noted that a number of major banks reported solid first-quarter earnings, including Wells Fargo and Citigroup, and that "emergency lending is decreasing." Story continues "The mid and small banks are about to report and while we are about to see some serious deposit outflows, the focus is not on bank solvency, but on banking profitability," Moya wrote. Ether was recently changing hands at about $2,075, off the better part of a percentage point. The second-largest crypto in market value has yet to see many ill effects from the recent Ethereum Shanghai upgrade, the final step in the blockchain platform\'s transformation from a proof-of-work to a more energy-efficient proof-of-stake protocol. Other major cryptos were in the red, albeit lightly so. ARB, the token of the layer 2 Ethereum scaling protocol Arbitrum, and ADA, the native crypto of the Cardano blockchain, both recently declined about 3%. The CoinDesk Market Index, a measure of the crypto markets overall performance, was recently down 1.6%. Equity markets inched upward as investors chewed over the encouraging bank earnings and the possibility that the U.S. central bank might continue raising interest rates to tame inflation. In last month\'s near banking meltdown, that prescription seemed less likely. Meanwhile, the 10-year Treasury yield has increased for three straight days to 3.59%, while gold, which a week ago neared its all-time high, has edged downward to just above $2,000. Oanda\'s Moya was wary about bitcoin\'s near-future path forward. "Bitcoin looks like it might be consolidating, possibly settling on a new range between the $26,500 and $31,000 region," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Decentraland MANA +7.3% Entertainment Gala GALA +5.0% Entertainment Loopring LRC +4.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −4.0% Smart Contract Platform Solana SOL −3.9% Smart Contract Platform Cardano ADA −2.7% Smart Contract Platform Insights Crypto Innovation Thrives: Here Are 19 Projects to Watch For the past three years, the Pew Research Center has polled Americans about their exposure to cryptocurrency. The percentage of people who have “ever invested in, traded or used a cryptocurrency such as bitcoin or ether” has remained roughly 16% since 2020. But this spring, Pew sought to identify how people feel about crypto. Among the 88% who have ever heard of cryptocurrency, 75% are “not very or not at all confident that cryptocurrencies are reliable or safe.” Only 6% are very confident. Trust in crypto is very low. The CoinDesk editorial team didn’t need a poll to see this. Our Most Influential 2022 list , published in December, subjectively identified the 50 people who defined the year in crypto. A significant percentage of the list was feel-bad stories of scammers and hucksters and possible sociopaths who depleted customers’ savings. The list came out less than a month after the sudden and shocking collapse of the FTX exchange, capping off a year of scandals. Understandably in response, Congress, mainstream media and the public are ready to punish crypto. To state the obvious, 2022 was the antithesis of crypto, which was invented as a remedy in 2009 to broken global financial systems and not to make sharks and charlatans rich. Bitcoin made peer-to-peer transactions possible, bypassing banks that make the transfers slow, costly and intrusive. By solving the trusted-mediator problem, bitcoin allowed transactions to be quicker and cheaper and therefore more accessible. The CoinDesk team set about to find projects that fulfill the ethos of crypto by solving a problem. In brainstorming sessions, we debated what problems crypto could be employed to solve, which quickly split into two baskets: problems within the crypto ecosystem itself, and problems in the world generally. Then the team explored the merits of projects aiming to solve the identified problems. From a list of more than 35 projects, we selected 19. Some haven’t launched yet, while others have been around for years. Funding ranges from bootstrapped to tens of millions of dollars, to undisclosed support from a parent foundation or project. We didn\'t put a lot of restrictions or parameters on these projects. Crypto organizations come in many forms, from traditional startups to decentralized autonomous organizations ( DAO ) to major corporations. It is still relatively new and many of its brands – even if valued in the billions of dollars – are not widely recognized. What the CoinDesk team looked for are innovative ideas, convincing proposals or evidence of success, and talented, committed people. Moreover, the problems the projects were aiming to solve had to be real, and the remedies needed. They could not just be a crypto version of something that is adequately managed in traditional finance, for instance, or purely meant for speculation or fun. Read the full article here: Important events Innovate Finance Global Summit China gross domestic product (Q1/MoM/YoY) China industrial production (March/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Withdrawals Cross 1M Tokens After Shanghai Upgrade; SEC Commissioner Peirce on DeFi Oversight Ether (ETH) withdrawals topped 1 million tokens on Sunday night, even as prices touched an 11-month high, following the recently implemented Shapella upgrade. Galaxy Digital Vice President of Research Christine Kim and K33 Senior Analyst Vetle Lunde joined the conversation. Plus, SEC Commissioner Hester Peirce discussed the future of decentralized finance (DeFi). And Lamina1 CEO Rebecca Barkin shared her insights on what the metaverse could look like in the next 10 years. Headlines Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit: The agency said Bittrex failed to register as an exchange, broker or clearing agency. Ether’s Strong Price Action May Continue Until End of Month: Coinbase: One reason why ether is appreciating is because of its relative underperformance versus bitcoin so far this year, the exchange said. MicroStrategy’s Saylor Integrates Bitcoin Lightning Address Into Corporate Email: The Lightning Address protocol allows users to send bitcoin over the Lightning Network to a wallet identifier resembling a conventional email address. Nike is Releasing Its First Digital Sneaker Collection on .Swoosh: The virtual sneaker, called Our Force 1, is a play on the brand\'s iconic Air Force 1 design.', 'Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern the regulatory crackdown by the U.S. Securities and Exchange Commission (SEC) is spreading after it sued crypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China\x92s GDP for the first quarter out Tuesday beat expectations with growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response. See related article: US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ Fast facts Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according to CoinMarketCap data . Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked Ether. Dogecoin shrugged off the overall down market, gaining 2.96% to US$0.0913 and adding 7.61% for the week. Sentiment around the memecoin got a lift as Twitter \x96 led by Dogecoin fan Elon Musk \x96 officially enabled stock and cryptocurrency trading on the platform on Monday in a partnership with multi-asset investment firm eToro. Solana dropped 2.02% to US$24.41, but is holding a gain of 16.56% for the week. U.S.-based digital currency asset manager Grayscale Investments opened Grayscale Solana Trust on Monday for public trading on OTC Markets under the symbol: GSOL. The Trust offers investors exposure to the price movement of Solana without holding the asset directly. The crypto market was hit by renewed regulatory concerns, as the U.S. SEC charged Bittrex and its co-founder William Shihara for violation of securities laws. Other crypto firms including Kraken , Coinbase , Paxos and Binance have also been targeted by U.S. regulators this year. SEC Chair Gary Gensler will speak before Congress on Tuesday on his approach to regulating digital assets. U.S. Representative Warren Davidson has said the SEC needs to be restructured and is reported to be planning legislation that would include removing Gensler from his role as chairman. SEC member Hester Peirce on Friday criticized her agency\x92s proposal to expand the definition of an \x93exchange\x94 to decentralized platforms that trade cryptocurrencies, calling it an effort to stymie development of new technology in a statement titled \x93Rendering Innovation Kaput.\x94 The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.25 trillion. The total trading volume over the last 24 hours rose 13.65% to US$44.43 billion. In the NFT market, the Forkast 500 NFT index inched up 0.11% to 4,052.59 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.84% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. stock futures traded flat as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.03%. The S&P 500 futures inched 0.05% lower. The Nasdaq Composite Index dropped 0.12%. The three U.S. equity indexes edged higher on Monday on mixed economic data and generally better than expected bank earnings, after logging gains the past week. Equity investors have more earning reports this week \x96 Bank of America, Goldman Sachs, Tesla, IBM and Netflix \x96 for a gauge of the state of the U.S. economy and how that may influence the Federal Reserve policy on raising interest rates. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 15.6% chance the Fed will leave rates unchanged at its next meeting on May 3, while 84.4% predict a 25-basis-point rate hike, up from 82.1% on Monday. See related article: U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern theregulatory crackdownby the U.S. Securities and Exchange Commission (SEC) is spreading after itsuedcrypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China’s GDP for the first quarter out Tuesdaybeat expectationswith growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response.\nSee related article:US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ\n• Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according toCoinMarketCap data.\n• Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked Ether.\n• Dogecoin shrugged off the overall down market, gaining 2.96% to US$0.0913 and adding 7.61% for the week. Sentiment around the memecoin got a lift as Twitter – led by Dogecoin fan Elon Musk – officially enabled stock and cryptocurrency trading on the platform on Monday in apartnershipwith multi-asset investment firm eToro.\n• Solana dropped 2.02% to US$24.41, but is holding a gain of 16.56% for the week. U.S.-based digital currency asset manager Grayscale Investments openedGrayscale Solana Truston Monday for public trading on OTC Markets under the symbol: GSOL. The Trust offers investors exposure to the price movement of Solana without holding the asset directly.\n• The crypto market was hit by renewed regulatory concerns, as the U.S. SEC charged Bittrex and its co-founder William Shihara for violation of securities laws. Other crypto firms includingKraken,Coinbase,PaxosandBinancehave also been targeted by U.S. regulators this year.\n• SEC Chair Gary Gensler will speak before Congress onTuesdayon his approach to regulating digital assets. U.S. Representative Warren Davidsonhas saidthe SEC needs to be restructured and is reported to be planning legislation that would include removing Gensler from his role as chairman.\n• SEC member Hester Peirce on Fridaycriticizedher agency’s proposal to expand the definition of an “exchange” to decentralized platforms that trade cryptocurrencies, calling it an effort to stymie development of new technology in astatementtitled “Rendering Innovation Kaput.”\n• The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.25 trillion. The total trading volume over the last 24 hours rose 13.65% to US$44.43 billion.\n• In the NFT market, the Forkast 500 NFT index inched up 0.11% to 4,052.59 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.84% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures traded flat as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.03%. The S&P 500 futures inched 0.05% lower. The Nasdaq Composite Index dropped 0.12%.\n• The three U.S. equity indexes edged higher on Monday onmixed economic dataand generally better than expected bank earnings, after logging gains the past week. Equity investors have more earning reports this week – Bank of America, Goldman Sachs, Tesla, IBM and Netflix – for a gauge of the state of the U.S. economy and how that may influence the Federal Reserve policy on raising interest rates.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.6% chance the Fed will leave rates unchanged at its next meeting on May 3, while 84.4% predict a 25-basis-point rate hike, up from 82.1% on Monday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern theregulatory crackdownby the U.S. Securities and Exchange Commission (SEC) is spreading after itsuedcrypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China’s GDP for the first quarter out Tuesdaybeat expectationswith growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response.\nSee related article:US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ\n• Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according toCoinMarketCap data.\n• Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked Ether.\n• Dogecoin shrugged off the overall down market, gaining 2.96% to US$0.0913 and adding 7.61% for the week. Sentiment around the memecoin got a lift as Twitter – led by Dogecoin fan Elon Musk – officially enabled stock and cryptocurrency trading on the platform on Monday in apartnershipwith multi-asset investment firm eToro.\n• Solana dropped 2.02% to US$24.41, but is holding a gain of 16.56% for the week. U.S.-based digital currency asset manager Grayscale Investments openedGrayscale Solana Truston Monday for public trading on OTC Markets under the symbol: GSOL. The Trust offers investors exposure to the price movement of Solana without holding the asset directly.\n• The crypto market was hit by renewed regulatory concerns, as the U.S. SEC charged Bittrex and its co-founder William Shihara for violation of securities laws. Other crypto firms includingKraken,Coinbase,PaxosandBinancehave also been targeted by U.S. regulators this year.\n• SEC Chair Gary Gensler will speak before Congress onTuesdayon his approach to regulating digital assets. U.S. Representative Warren Davidsonhas saidthe SEC needs to be restructured and is reported to be planning legislation that would include removing Gensler from his role as chairman.\n• SEC member Hester Peirce on Fridaycriticizedher agency’s proposal to expand the definition of an “exchange” to decentralized platforms that trade cryptocurrencies, calling it an effort to stymie development of new technology in astatementtitled “Rendering Innovation Kaput.”\n• The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.25 trillion. The total trading volume over the last 24 hours rose 13.65% to US$44.43 billion.\n• In the NFT market, the Forkast 500 NFT index inched up 0.11% to 4,052.59 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.84% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures traded flat as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.03%. The S&P 500 futures inched 0.05% lower. The Nasdaq Composite Index dropped 0.12%.\n• The three U.S. equity indexes edged higher on Monday onmixed economic dataand generally better than expected bank earnings, after logging gains the past week. Equity investors have more earning reports this week – Bank of America, Goldman Sachs, Tesla, IBM and Netflix – for a gauge of the state of the U.S. economy and how that may influence the Federal Reserve policy on raising interest rates.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.6% chance the Fed will leave rates unchanged at its next meeting on May 3, while 84.4% predict a 25-basis-point rate hike, up from 82.1% on Monday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'By Medha Singh and Lisa Pauline Mattackal (Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. The power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency\'s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability. The 30-day average of mining revenues has risen to $27.34 million a day, the highest level since last June, according to data from Blockchain.com. That\'s a relief for miners that struggled to service large debt burdens as revenues languished between $15 million and $21 million for most of the second half of 2022. They\'re still some way off a peak of $61.2 million hit in November 2021, though. "Many public miners were on the brink of bankruptcy at the end of last year. At the current bitcoin price, these companies\' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor. Miners\' debt-to-equity ratios now look much healthier, said Mellerud, adding that many companies had restructured and paid down debt over the past few months. Marathon Digital Holdings\' debt-to-equity ratio has dropped to 0.5 from 2 since the start of this year, for example, while Greenidge Generation Holdings\' has dropped to 5.8 from 11.7, according to data from Luxor. The spring thaw has seen investors flock back to publicly traded crypto mining companies; Among the biggest players, Marathon and Riot Platforms have seen their share price more than triple this year, while the Valkyrie Bitcoin Miners ETF is up 162% and Greenidge has gained 137%. But they\'ve all still lost money since early 2022. Bitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. Miners are rewarded with bitcoin for completing a block, competing against other miners by solving intricate maths puzzles with energy-intensive computing systems, meaning electricity comprises a significant chunk of their operating costs. Story continues Declines in power prices, particularly in the U.S., have eased pressure on company margins, according to analysts at BTIG, who said the electricity cost for producing one bitcoin has fallen about 40% from the end of last year. That means that despite both the computing power available on the network and mining difficulty rising steadily to new all time highs - meaning it should take more power to mine one block - the 30-day average cost-per-transaction for miners has fallen to its lowest level since September, Blockchain.com data showed. (Graphic: Robust growth in revenue - https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/klpygmobapg/chart.png) OUT OF THE WOODS? Miners can\'t get too cozy though, given their fortunes are tied to bitcoin\'s capricious price trajectory. "If we see bitcoin top out and consolidate, the run-up in miners may do the same, we expect to see more volatility as we head into summer," said Kevin Kelly, head of research at Delphi Digital, although he sees a favorable environment for crypto persisting through 2023, compared with last year. Despite improvements in their balance sheets, many miners still have plenty of debt to pay down and are still struggling, said Luxor\'s Mellerud. "The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said. Most companies are focusing on debt reduction rather than spending on new equipment, BTIG said, even as the estimated cost of new mining rigs has dropped around 69% since the end of 2021. There are some exceptions however, with CleanSpark taking advantage of falling prices to purchase of 45,000 new mining rigs, which would nearly double its computing power. A rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell. For now though, the sun is shining. "I don\'t think we\'re completely out of the woods, but I think the worst is behind us," said Marcus Sotiriou, analyst at digital asset broker GlobalBlock. (Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Vidya Ranganathan and Pravin Char)', 'By Medha Singh and Lisa Pauline Mattackal\n(Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter.\nThe power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency\'s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability.\nThe 30-day average of mining revenues has risen to $27.34 million a day, the highest level since last June, according to data from Blockchain.com.\nThat\'s a relief for miners that struggled to service large debt burdens as revenues languished between $15 million and $21 million for most of the second half of 2022. They\'re still some way off a peak of $61.2 million hit in November 2021, though.\n"Many public miners were on the brink of bankruptcy at the end of last year. At the current bitcoin price, these companies\' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor.\nMiners\' debt-to-equity ratios now look much healthier, said Mellerud, adding that many companies had restructured and paid down debt over the past few months.\nMarathon Digital Holdings\' debt-to-equity ratio has dropped to 0.5 from 2 since the start of this year, for example, while Greenidge Generation Holdings\' has dropped to 5.8 from 11.7, according to data from Luxor.\nThe spring thaw has seen investors flock back to publicly traded crypto mining companies; Among the biggest players, Marathon and Riot Platforms have seen their share price more than triple this year, while the Valkyrie Bitcoin Miners ETF is up 162% and Greenidge has gained 137%. But they\'ve all still lost money since early 2022.\nBitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. Miners are rewarded with bitcoin for completing a block, competing against other miners by solving intricate maths puzzles with energy-intensive computing systems, meaning electricity comprises a significant chunk of their operating costs.\nDeclines in power prices, particularly in the U.S., have eased pressure on company margins, according to analysts at BTIG, who said the electricity cost for producing one bitcoin has fallen about 40% from the end of last year.\nThat means that despite both the computing power available on the network and mining difficulty rising steadily to new all time highs - meaning it should take more power to mine one block - the 30-day average cost-per-transaction for miners has fallen to its lowest level since September, Blockchain.com data showed.\n(Graphic: Robust growth in revenue - https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/klpygmobapg/chart.png)\nOUT OF THE WOODS?\nMiners can\'t get too cozy though, given their fortunes are tied to bitcoin\'s capricious price trajectory.\n"If we see bitcoin top out and consolidate, the run-up in miners may do the same, we expect to see more volatility as we head into summer," said Kevin Kelly, head of research at Delphi Digital, although he sees a favorable environment for crypto persisting through 2023, compared with last year.\nDespite improvements in their balance sheets, many miners still have plenty of debt to pay down and are still struggling, said Luxor\'s Mellerud.\n"The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said.\nMost companies are focusing on debt reduction rather than spending on new equipment, BTIG said, even as the estimated cost of new mining rigs has dropped around 69% since the end of 2021.\nThere are some exceptions however, with CleanSpark taking advantage of falling prices to purchase of 45,000 new mining rigs, which would nearly double its computing power.\nA rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell. For now though, the sun is shining.\n"I don\'t think we\'re completely out of the woods, but I think the worst is behind us," said Marcus Sotiriou, analyst at digital asset broker GlobalBlock.\n(Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Vidya Ranganathan and Pravin Char)', 'By Medha Singh and Lisa Pauline Mattackal\n(Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter.\nThe power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency\'s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability.\nThe 30-day average of mining revenues has risen to $27.34 million a day, the highest level since last June, according to data from Blockchain.com.\nThat\'s a relief for miners that struggled to service large debt burdens as revenues languished between $15 million and $21 million for most of the second half of 2022. They\'re still some way off a peak of $61.2 million hit in November 2021, though.\n"Many public miners were on the brink of bankruptcy at the end of last year. At the current bitcoin price, these companies\' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor.\nMiners\' debt-to-equity ratios now look much healthier, said Mellerud, adding that many companies had restructured and paid down debt over the past few months.\nMarathon Digital Holdings\' debt-to-equity ratio has dropped to 0.5 from 2 since the start of this year, for example, while Greenidge Generation Holdings\' has dropped to 5.8 from 11.7, according to data from Luxor.\nThe spring thaw has seen investors flock back to publicly traded crypto mining companies; Among the biggest players, Marathon and Riot Platforms have seen their share price more than triple this year, while the Valkyrie Bitcoin Miners ETF is up 162% and Greenidge has gained 137%. But they\'ve all still lost money since early 2022.\nBitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. Miners are rewarded with bitcoin for completing a block, competing against other miners by solving intricate maths puzzles with energy-intensive computing systems, meaning electricity comprises a significant chunk of their operating costs.\nDeclines in power prices, particularly in the U.S., have eased pressure on company margins, according to analysts at BTIG, who said the electricity cost for producing one bitcoin has fallen about 40% from the end of last year.\nThat means that despite both the computing power available on the network and mining difficulty rising steadily to new all time highs - meaning it should take more power to mine one block - the 30-day average cost-per-transaction for miners has fallen to its lowest level since September, Blockchain.com data showed.\n(Graphic: Robust growth in revenue - https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/klpygmobapg/chart.png)\nOUT OF THE WOODS?\nMiners can\'t get too cozy though, given their fortunes are tied to bitcoin\'s capricious price trajectory.\n"If we see bitcoin top out and consolidate, the run-up in miners may do the same, we expect to see more volatility as we head into summer," said Kevin Kelly, head of research at Delphi Digital, although he sees a favorable environment for crypto persisting through 2023, compared with last year.\nDespite improvements in their balance sheets, many miners still have plenty of debt to pay down and are still struggling, said Luxor\'s Mellerud.\n"The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said.\nMost companies are focusing on debt reduction rather than spending on new equipment, BTIG said, even as the estimated cost of new mining rigs has dropped around 69% since the end of 2021.\nThere are some exceptions however, with CleanSpark taking advantage of falling prices to purchase of 45,000 new mining rigs, which would nearly double its computing power.\nA rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell. For now though, the sun is shining.\n"I don\'t think we\'re completely out of the woods, but I think the worst is behind us," said Marcus Sotiriou, analyst at digital asset broker GlobalBlock.\n(Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Vidya Ranganathan and Pravin Char)', 'Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain’s milestone upgrade last week, according to areportfrom European cryptocurrency investment firm CoinShares.\nSee related article:Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement\n• Total investment in digital asset products reached US$114 million last week, with\xa0Bitcoin getting the lion’s share of US$104 million, according to the report. It was the fourth week in a row of inflows.\n• “This four-week run of inflows now total US$345 million, almost fully correcting the prior six-week run of outflows that totalled US$408 million,” the CoinShares report said. “We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges.”\n• Developers of the Ethereum blockchain on April 12updated the networkwith new features including allowing the withdrawal of staked Ether. Such tokens were deposited to support the operations of the Ethereum blockchain, the world’s second-biggest, in return for a passive income, usually in the form of more tokens.\n• However,datafrom on-chain analysis companyCryptoQuantshowed during the period between April 13 and 17, cryptocurrency exchanges saw a net inflow of about 131,395 Ether (US$273.3 million), compared to the more than 1.46 million Ether in total transferred to the exchanges, a move typically indicating selling intention from crypto holders.\n• Analysts at crypto research firm Kaikosaidon Monday that the ETH-USD pair on crypto exchange Coinbase has seen more sell orders than buys since the upgrade.\n• As of Tuesday noon in Hong Kong, around 1.06 million Ether have been withdrawn since the Wednesday upgrade with 465,940 Ether deposited, according todatafrom Token Unlocks.\n• Ether edged down 0.88% in the past 24 hours to change hands at US$2,080, but rose 8.24% in the past seven days, according todatafrom CoinMarketCap. Bitcoin fell 1.73% in the last 24 hours to trade at US$29,464, logging a 2.1% weekly drop.\nSee related article:Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits', 'Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain\x92s milestone upgrade last week, according to a report from European cryptocurrency investment firm CoinShares. See related article: Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement Fast facts Total investment in digital asset products reached US$114 million last week, with\xa0Bitcoin getting the lion\x92s share of US$104 million, according to the report. It was the fourth week in a row of inflows. \x93This four-week run of inflows now total US$345 million, almost fully correcting the prior six-week run of outflows that totalled US$408 million,\x94 the CoinShares report said. \x93We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges.\x94 Developers of the Ethereum blockchain on April 12 updated the network with new features including allowing the withdrawal of staked Ether. Such tokens were deposited to support the operations of the Ethereum blockchain, the world\x92s second-biggest, in return for a passive income, usually in the form of more tokens. However, data from on-chain analysis company CryptoQuant showed during the period between April 13 and 17, cryptocurrency exchanges saw a net inflow of about 131,395 Ether (US$273.3 million), compared to the more than 1.46 million Ether in total transferred to the exchanges, a move typically indicating selling intention from crypto holders. Analysts at crypto research firm Kaiko said on Monday that the ETH-USD pair on crypto exchange Coinbase has seen more sell orders than buys since the upgrade. As of Tuesday noon in Hong Kong, around 1.06 million Ether have been withdrawn since the Wednesday upgrade with 465,940 Ether deposited, according to data from Token Unlocks. Ether edged down 0.88% in the past 24 hours to change hands at US$2,080, but rose 8.24% in the past seven days, according to data from CoinMarketCap. Bitcoin fell 1.73% in the last 24 hours to trade at US$29,464, logging a 2.1% weekly drop. See related article: Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits View comments', 'Miller Value Partners , an investment management company, released its “Income Strategy” first-quarter 2023 investor letter. A copy of the same can be downloaded here . In the first quarter, the strategy returned -3.51% net of fees compared to a 3.72 % return for the ICE Bank of America High Yield Index and 7.50% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2023. Miller Value Partners Income Strategy highlighted stocks like MicroStrategy Incorporated (NASDAQ: MSTR ) in the first quarter 2023 investor letter. Headquartered in Tysons Corner, Virginia, MicroStrategy Incorporated (NASDAQ:MSTR) is an enterprise analytics software and services provider. On April 17, 2023, MicroStrategy Incorporated (NASDAQ:MSTR) stock closed at $313.03 per share. One-month return of MicroStrategy Incorporated (NASDAQ:MSTR) was 18.59%, and its shares lost 29.80% of their value over the last 52 weeks. MicroStrategy Incorporated (NASDAQ:MSTR) has a market capitalization of $4.05 billion. Miller Value Partners Income Strategy made the following comment about MicroStrategy Incorporated (NASDAQ:MSTR) in its Q1 2023 investor letter: " MicroStrategy Incorporated (NASDAQ:MSTR) 0.75% 12/15/2025 rose in sympathy with Bitcoin’s 71.7% gain during the first quarter. The company reported 4Q22 revenue of $132.6MM, -1.5% Y/Y (+4.1% on constant currency basis), ahead of consensus of $131.0MM, and an adjusted loss from operations of -$176.7MM, compared to a 4Q21 adjusted loss of -$124.3MM. During the quarter, MicroStrategy’s subsidiary, Macrostrategy, voluntarily paid off a $205MM loan to Silvergate Bank with a 22% discount after the bank filed for liquidation earlier this year. Additionally, MicroStrategy reported that it purchased another ~6.5K bitcoin for ~$150MM in cash, at an average price of $23.2K per token, bringing the company’s total holdings to ~139.0K bitcoin as of 3/23/23, which is worth approximately $3.95B based on a bitcoin price of ~$28.4K as of 3/31/23." Story continues Top 10 High Growth Stocks To Buy abstract, background, blue, blur, blurred, blurry, bokeh, building, business, businessman, cell phone, cellphone, chart, city, cloud, cloud computing, computer, computing, concept, defocus, display, filter, filtered, flow, graphic, hand, icon, illustration, internet, laptop, light, mail, media, men, mobile, network, networking, night, pc, people, phone, point, pointing, positive, shiny, smart phone, tablet, tech, technology, touch Copyright: melpomen / 123RF Stock Photo MicroStrategy Incorporated (NASDAQ:MSTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds . As per our database, 18 hedge fund portfolios held MicroStrategy Incorporated (NASDAQ:MSTR) at the end of the fourth quarter which was 15 in the previous quarter. We discussed MicroStrategy Incorporated (NASDAQ:MSTR) in another article and shared the list of most profitable cryptocurrency stocks. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors. Suggested Articles: 10 Best FAANG Stocks To Buy Now 30 Most Visited Cities by American Tourists 20 Biggest Real Estate Companies in USA Disclosure: None. This article is originally published at Insider Monkey .', 'CoinShares International Limited 18 April 2023 \| SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited (" CoinShares " or the " Company ") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group by AUM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30\xa0 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022. The Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company. The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level): Date Number of shares acquired Lowest price paid (SEK) Highest price paid (SEK) Volume weighted average (SEK) 11 April 2023 13 36.15 36.15 36.15 12 April 2023 271 37.10 37.10 37.10 14 April 2023 3,170 38.30 38.65 38.54 17 April 2023 3,175 35.70 36.60 36.13 6,629 All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company\'s holding of own shares as of 18 April 2023 amounts to 531,871 shares. The total number of shares in CoinShares amounts to 68,135,425. For a full break-down of repurchases made, please refer to the attached announcement. About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading groupby AUM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. Story continues For more information on CoinShares, please visit: https://coinshares.com Company\xa0\| +44 (0)1534 513 100 \| [email protected] Investor Relations \| +44 (0)1534 513 100 \| [email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 18 April 2023. Attachment 20230418 - Appendix to press release - share buy-back', '18 April 2023 \| SAINT HELIER, Jersey- As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group by AUM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30\xa0 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.\nThe Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company.\nThe share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").\nThe Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):\n[{"Date": "11 April 2023", "Number of shares acquired": "13", "Lowest price paid (SEK)": "36.15", "Highest price p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $583,650,468,144 - Hash Rate: 395165270.4199787 - Transaction Count: 312522.0 - Unique Addresses: 680093.0 Social & AI Sentiment: - Fear & Greed Index: 0.58 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Toronto, Ontario--(Newsfile Corp. - April 13, 2023) - P2Earn Inc (CSE: PXE) (FSE: WH4) ("P2Earn" or the "Company") is pleased to announce that Alex Lineton, currently Operations head at the Company, will be taking over the role as Chief Executive Officer with immediate effect. Mr. Lineton is a seasoned entrepreneur and an expert in Web3 gaming. He started Bitcoin mining nearly 6 years ago and moved into Play-2-Earn gaming back in 2021, creating the Jellyworks Gaming Guild. The Company acquired Jellyworks Inc. in November of 2022 and Mr. Lineton is ideally placed to lead the future development of the Company's strategy. Mr. Lineton stated, "It is an honor to be asked to lead the Company at such an exciting time. The future of the Internet is Web3, and Play-2-Earn gaming is the best single usage case I have seen to date. By combining gaming with the ability for players to earn an income, we are on the cutting edge of the new economy. Not only is this a winning combination, but I look forward to assisting the Company to a size and scale that positions it as one of, if not the number one Gaming Guild." Jesse Dylan, Chairman of the Board of Directors at P2Earn Inc, added, "We would like to take this opportunity to thank the outgoing Chief Executive Officer, Mr. Bradley, for his exceptional contribution to the Company. As a world-class technologist, we are delighted that Mr. Bradley has agreed to continue to work with the Company, the technology team, and the staff on a consultancy basis as they build out the P2Earn Gaming Guild." An amended offering document (the "Offering Document") relating to the Company's previously announced private placement (the "LIFE Offering") (see news release dated ‎March 29, 2023) addressing this change can be accessed under the Company's profiles atwww.sedar.com;www.cse.comand on the Company's website athttps://p2earn.io. Prospective investors should read the amended Offering Document before making an investment decision. Due to Mr. Lineton's appointment, the Company has also extended the closing date of the LIFE Offering from April 21, 2023 to April 30, 2023. ‎All other terms of the LIFE Offering remain the same. About P2Earn Inc. P2Earn Inc. is a publicly traded company that provides comprehensive solutions for the rapidly-evolving blockchain gaming and cryptocurrency sectors. P2Earn operates an efficient Bitcoin mining operation powered by sustainable energy sources. Our cutting-edge blockchain gaming platform enables players to gain tangible value from their in-game accomplishments and activities, leveraging unique digital assets (NFTs) that can be sold, purchased, and traded like physical assets. P2Earn is committed to building a sustainable blockchain gaming ecosystem, while also making Play-to-Earn gaming more accessible to a wider audience. For further information contact: Eugene Valaitis, Director(214)-864-5958 P2EARN INC. First Canadian Place100 King Street West, Suite 5600Toronto, Ontario M5X1C9Tel: 214-864-5958https://p2earncorporate.iohttps://discord.gg/p2earn Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information, including but not limited to completion of the Life Offering, if it is to complete at all; the terms of the LIFE Offering; all benefits synergies stemming from Mr. Lineton's past experiences in his new roles as CEO; any potential for players to earn an income on the gaming guild; the ability to scale up the Company's operations; and future uptake and develop of Web3 in general. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation, credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and economic conditions in the regions in which the Company operates; the ability of the Company to execute on key priorities, including the successful completion of acquisitions, business retention, and strategic plans and to attract, develop and retain key executives; difficulty integrating newly acquired businesses; the ability to implement business strategies and pursue business opportunities; disruptions in or attacks (including cyberattacks) on the Company's information technology, internet, network access or other voice or data communications systems or services; the evolution of various types of fraud or other criminal behavior to which the Company is exposed; the failure of third parties to comply with their obligations to the Company or its affiliates; the impact of new and changes to, or application of, current laws and regulations; decline of reimbursement rates; a novel business model; dependence on key suppliers; the overall difficult litigation environment; increased competition; increased funding costs and market volatility due to market illiquidity and competition for funding; the availability of funds and resources to pursue operations; critical accounting estimates and changes to accounting standards, policies, and methods used by the Company; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available atwww.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. The CSE has not reviewed, approved, or disapproved the content of this press release. To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/162302... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin regained its perch above $30K, but its rally stalled; ether hovers near $2,100. Insights: Longer-term narratives, such as bitcoin\'s recent store-of-value story matter but price depends on traders\' shorter-range, often fickle sentiments. Prices CoinDesk Market Index (CMI) 1,323 +30.4 ▲ 2.3% Bitcoin (BTC) $30,341 +959.4 ▲ 3.3% Ethereum (ETH) $2,100 +25.0 ▲ 1.2% S&P 500 4,154.87 +3.6 ▲ 0.1% Gold $2,018 +23.7 ▲ 1.2% Nikkei 225 28,658.83 +144.1 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,323 +30.4 ▲ 2.3% Bitcoin (BTC) $30,341 +959.4 ▲ 3.3% Ethereum (ETH) $2,100 +25.0 ▲ 1.2% S&P 500 4,154.87 +3.6 ▲ 0.1% Gold $2,018 +23.7 ▲ 1.2% Nikkei 225 28,658.83 +144.1 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Rises Over $30K and Then Pauses Crypto markets started promisingly on Tuesday, with bitcoin re-establishing its foothold above the psychologically important $30,000 threshold. But the BTC rally stalled around $30,300 by midday, and the largest cryptocurrency by market cap was up just 3.3% over the past 24 hours. Bitcoin had dipped as low as about $29,100 on Monday before rebounding, as investors seemed to regain some of their prior zest for assets that hold value even as concerns about the banking industry have faded. In an interview with CoinDesk TV\'s "First Mover" program, Kaiko senior research analyst Dessislava Aubert called the current rally "macro driven" and said that its ongoing strength would depend on liquidity. The rally "started with the [U.S. Federal Reserve] providing emergency liquidity to banks in the United States," Aubert said. "So definitely, liquidity is playing a huge role." She added: "We have seen that markets are expecting great cuts in the second half of the year. So there is still a lot of uncertainty around whether this will be the case or not. Ultimately, it will depend on how U.S. monetary policy turns out." Story continues Ether climbed above $2,100 for the second time in three days before dipping below the threshold and then rising again. The second-largest crypto by market capitalization was recently changing hands at about $2,100, up about 1.5%. A post-Ethereum Shanghai upgrade sell-off has yet to materialize. Other major cryptos were solidly green, with ICP, the token of blockchain-based, smart contracts platform Internet Computer, recently rising 15% to trade at about $6.80. XRP, the native crypto of the blockchain-based, payments-focused platform XRP ledger, was up more than 3%. The CoinDesk Market Index , which measures the performance of the overall crypto market, was recently up 2.7% and in significant uptrend territory on a one to five scale. Equity indexes spent the day largely running in place as the Dow Jones Industrial Average (DJIA), tech-heavy Nasdaq Composite and S&P 500 were all within a few fractions of a percentage point of where they stood at the close of trading Monday. Gold ticked upward to $2,017, but was still down from its near record highs of last week when assets that held value were in vogue. The yield on two- and 10-year Treasury edged up slightly but last week\'s surge has stalled. In an email to CoinDesk, Anthony Georgiades, co-founder of Pastel Network, a decentralized blockchain for non-fungible tokens (NFT), cryptos and Web3 technology, attributed bitcoin\'s plunge under $30,000 to "converging elements," particularly the looming prospect of an inflation-focused Fed continuing its diet of hawkish interest rate hikes. But he also noted a loss of public confidence in the dollar and banking system. "People ... are seeking a decentralized safe haven asset that is an inflation hedge," he said. He added: "There are also macroeconomic conditions to consider. With an easing [consumer price index] and recessionary signals, the market seems to be pricing in potentially dovish Fed policies, which could lead to a risk-on craze. Bitcoin has found itself in somewhat of a paradoxical environment, and there may be price fluctuation to weather until the Fed’s short and medium-term monetary policies become clearer." Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +5.3% Computing Gala GALA +4.4% Entertainment Terra LUNA +3.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −0.6% Smart Contract Platform Decentraland MANA −0.5% Entertainment Insights Bitcoin’s \'Store-of-Value\' Narrative Is Real but Not a Price Mover Markets are noisy, chaotic things that we human beings instinctively try to imbue with order and reason. This generally involves searching for explanations as to why prices are trending up or down or what triggered a sharp move. Often there is an obvious explanation – an earnings surprise or an unexpected corporate action. Sometimes the cause isn\'t so easy to see – flows of funds, an evolving user base, steady product development and so on. Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. With bitcoin ( BTC ), it’s even harder to discern what is driving sentiment shifts at any given time because it doesn’t have earnings, there are no corporate actions, regulation isn’t the threat it is for some other crypto assets and the narratives are multiple and varied. There isn’t even universal agreement as to what bitcoin is, let alone what drives its price. But our search for reason amid chaos encourages us to latch on to something that makes sense, and if it is a narrative that justifies our interest while highlighting a timely concept, then so much the better. Store of value One phrase we’re hearing a lot of these days is “store of value.” It tends to mean different things to different people, but in general, it refers to an asset that holds its value relative to a broad basket of other assets over a long stretch of time. In spite of its short-term price volatility and sharp bear markets, bitcoin is a store of value because it is the only asset traded on liquid exchanges today with a programmatic and verifiable hard cap. With other “hard assets” (those with limited supply) such as gold, diamonds or real estate, we don’t know the supply cap, nor do we know how much is currently in existence. Plus, with other “hard assets,” the price influences the potential supply. For instance, if gold were to surge from $2,000 to $20,000 per ounce, new extraction methods would become viable, boosting the theoretical cap. Bitcoin is the only asset traded on liquid exchanges for which the price has no influence whatsoever on the supply. It is the hardest of hard assets. What’s more, the supply of its most common denominator – the U.S. dollar – has been increasing over the decades, and more recently at an astonishing pace. We are likely about to embark on another wave of monetary easing, involving lower interest rates and the incentivization of credit to overcome declining economic growth and consumption. An increase in the supply of USD above what economic growth can absorb will – all other things being equal – decrease its value relative to other assets, and following basic math, if the value of the denominator drops, that of the ratio increases. Bitcoin is a store of value and a hedge against currency debasement. Read the full story here : Important events 12:30 p.m. HKT/SGT(4:30 UTC) Japan Industrial Production (YoY/Feb) 2:00 p.m. HKT/SGT(6:00 UTC) Great Britain Consumer Price Index (YoY/Mar) 6:45 a.m. HKT/SGT(22:45 UTC) New Zealand Consumer Price Index (YoY/Q1) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase CEO Leaves Door Open to Relocating; Bitcoin Reclaims $30K Coinbase CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Jason Gottlieb, Morrison Cohen LLP partner and chair of the firm\'s digital assets department, weighed in. Plus, Kaiko senior research analyst Dessislava Aubert broke down XRP\'s rally in the last month. And, Arkham Intelligence is one of CoinDesk’s Projects to Watch 2023. Arkham founder and CEO Miguel Morel joined the conversation. Headlines Ethereum Unstaking Requests Now Face About a 17-Day Wait : The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade. Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade : The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator. Developers Stay Resilient Through Harsh Crypto Winter, Report Says : According to Alchemy’s Q1 2023 "Developer Report," Ethereum SDK installations reached an average of 1.9 million installs per week, a 47% year-over-year increase. The Biggest Crypto Bull Cycle Is Upon Us: Bernstein : Macro catalysts are lining up for bitcoin, a new report from the brokerage firm said.', 'Binance set hares running in July last year when it announced the launch of zero-fee trading for Bitcoin spot pairs. Coinbase\x92s share price fell nearly 10% on the news as the crypto world pondered whether the race to the bottom had just got underway. Fast forward nine months, and Binance has dropped most of its zero-fee trading. Some exchanges might see this as an opportunity to pick up where Binance left off in a race to grab more market share. Further experimentation with zero-fee models, however, is ill-advised and certainly not where we want to be heading as an industry. Eliminating fees to boost trading volumes has to be avoided if we are to build a thriving, robust and sustainable crypto ecosystem. Without fees, we are potentially breeding an environment devoid of transparency, creating a much murkier world of revenue generation. This puts customers at risk, further erodes trust in crypto assets, and could ultimately undermine the potential of the digital assets space as a viable alternative to centralized fractional banking. If not fees, then what? It\x92s no secret that transaction fees are big business for crypto exchanges. All those fraction-of-a-percent fees add up to billions of dollars in global revenue. If you then take away that fundamental revenue source, what happens? How do exchanges make up the shortfall and stay in business? There are legitimate answers to that question. Coinbase, for instance, has gone to great efforts to diversify its business model so it does not need to rely as heavily on its exchange-driven revenue. The truth is, however, for exchanges with less-diversified business models, zero fees create an environment for them to be much less transparent about how they\x92re making money, and almost certainly encourage more risk-taking. As transparency evaporates, regulatory interest grows. Online brokerage Robinhood found itself on the wrong side of the U.S. Securities and Exchange Commission in December 2020 when it was fined US$65 million for misleading customers about how it generated revenue from its trades. Story continues With anti-crypto sentiment on the rise in the U.S., regulators are likely to take an even greater interest in any crypto players deemed to be failing their customers with a lack of transparency. This could have huge ramifications for the sector, which is already facing an uncertain future in the U.S. Poor customer outcomes Eliminating transaction fees puts exchanges under pressure to generate revenue by any means possible. This can lead to exchanges taking on excessive levels of risk to make ends meet. Customers are the ones who ultimately pay the price for such disproportionate risk-taking. Should exchanges miscalculate, everyday investors can be totally wiped out, leaving them without their life savings or any way to recoup their losses. Even when exchanges are avoiding excessive risk-taking, users who aren\x92t paying transaction fees are still more likely to suffer. Exchanges with lower revenues may well under-invest in their platforms, resulting in a poorer user experience. They may well also cut corners on security measures, leaving user data and funds vulnerable to malicious actors. This is clearly not the path we should be taking. Exchanges play a specific role in offering an accessible avenue for everyday people and large institutions alike to gain exposure to crypto assets. Rather than drawing in the masses with discounts and essentially paying for retention, focusing on providing quality, trustworthy and innovative products and services must be the main driver of growth. Safeguarding integrity Crypto now finds itself at an interesting juncture. Having been born out of the 2008 global financial crisis in the form of Bitcoin as a better, more trusted alternative to the status quo, the larger crypto ecosystem has developed remarkably but has also faced its own crises. Recent high-profile failures \x97 including TerraUSD and FTX \x97 have eroded trust in crypto. At the same time, we currently find ourselves in yet another existential TradFi banking crisis. This is a moment of incredible opportunity for the crypto sector, but one not without risk. It\x92s incumbent on the industry to rapidly deliver the original ideals of crypto being a fairer, more transparent and trusted financial system. Part of how we do that is by creating excellent products and services that are honest about how they are making money. For much of the investing public, exchanges are the gateway into the world of crypto, meaning they have a particularly important role to play. Keeping transaction fees in place gives them a much stronger footing to develop top-quality platforms without having to rely on questionable and overtly risky tactics. This is what keeps the sector from following the same pathway as traditional finance, where a heavy reliance on fractional banking is the norm. Part of crypto\x92s ethos of driving financial inclusion and decentralizing finance is to offer cheaper and borderless payments on layer-1 protocols such as Bitcoin. But when it comes to exchanges, it\x92s also about offering users a convenient, secure and reliable tool for day-to-day finance. This is simply not possible without fees.', 'Binance set hares running in July last year when it announced the launch ofzero-fee tradingfor Bitcoin spot pairs. Coinbase’s share price fell nearly 10% on the news as the crypto world pondered whether the race to the bottom had just got underway.\nFast forward nine months, and Binance hasdroppedmost of its zero-fee trading. Some exchanges might see this as an opportunity to pick up where Binance left off in a race to grab more market share. Further experimentation with zero-fee models, however, is ill-advised and certainly not where we want to be heading as an industry.\nEliminating fees to boost trading volumes has to be avoided if we are to build a thriving, robust and sustainable crypto ecosystem. Without fees, we are potentially breeding an environment devoid of transparency, creating a much murkier world of revenue generation. This puts customers at risk, further erodes trust in crypto assets, and could ultimately undermine the potential of the digital assets space as a viable alternative to centralized fractional banking.\nIt’s no secret that transaction fees are big business for crypto exchanges. All those fraction-of-a-percent fees add up to billions of dollars in global revenue.\nIf you then take away that fundamental revenue source, what happens? How do exchanges make up the shortfall and stay in business?\nThere are legitimate answers to that question. Coinbase, for instance, has gone to great efforts to diversify its business model so it does not need to rely as heavily on its exchange-driven revenue. The truth is, however, for exchanges with less-diversified business models, zero fees create an environment for them to be much less transparent about how they’re making money, and almost certainly encourage more risk-taking.\nAs transparency evaporates, regulatory interest grows. Online brokerage Robinhood found itself on the wrong side of the U.S. Securities and Exchange Commission in December 2020 when it wasfined US$65 millionfor misleading customers about how it generated revenue from its trades.\nWith anti-crypto sentiment on the rise in the U.S., regulators are likely to take an even greater interest in any crypto players deemed to be failing their customers with a lack of transparency. This could have huge ramifications for the sector, which is already facing an uncertain future in the U.S.\nEliminating transaction fees puts exchanges under pressure to generate revenue by any means possible. This can lead to exchanges taking on excessive levels of risk to make ends meet.\nCustomers are the ones who ultimately pay the price for such disproportionate risk-taking. Should exchanges miscalculate, everyday investors can be totally wiped out, leaving them without their life savings or any way to recoup their losses.\nEven when exchanges are avoiding excessive risk-taking, users who aren’t paying transaction fees are still more likely to suffer. Exchanges with lower revenues may well under-invest in their platforms, resulting in a poorer user experience. They may well also cut corners on security measures, leaving user data and funds vulnerable to malicious actors.\nThis is clearly not the path we should be taking. Exchanges play a specific role in offering an accessible avenue for everyday people and large institutions alike to gain exposure to crypto assets. Rather than drawing in the masses with discounts and essentially paying for retention, focusing on providing quality, trustworthy and innovative products and services must be the main driver of growth.\nCrypto now finds itself at an interesting juncture. Having beenborn out of the 2008 global financial crisis in the form of Bitcoinas a better, more trusted alternative to the status quo, the larger crypto ecosystem has developed remarkably but has also faced its own crises. Recent high-profile failures — includingTerraUSDandFTX— have eroded trust in crypto. At the same time, we currently find ourselves in yet another existential TradFi banking crisis. This is a moment of incredible opportunity for the crypto sector, but one not without risk.\nIt’s incumbent on the industry to rapidly deliver the original ideals of crypto being a fairer, more transparent and trusted financial system. Part of how we do that is by creating excellent products and services that are honest about how they are making money.\nFor much of the investing public, exchanges are the gateway into the world of crypto, meaning they have a particularly important role to play. Keeping transaction fees in place gives them a much stronger footing to develop top-quality platforms without having to rely on questionable and overtly risky tactics. This is what keeps the sector from following the same pathway as traditional finance, where a heavy reliance on fractional banking is the norm.\nPart of crypto’s ethos of driving financial inclusion and decentralizing finance is to offer cheaper and borderless payments on layer-1 protocols such as Bitcoin. But when it comes to exchanges, it’s also about offering users a convenient, secure and reliable tool for day-to-day finance. This is simply not possible without fees.', 'Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over the fines and lawsuits he has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday. See related article: SEC\x92s Gary Gensler dodges question on whether Ethereum is a security Fast facts Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according to CoinMarketCap data . Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world\x92s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year. Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world\x92s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis company CryptoQuant showed a slump in Ethereum-related purchases on crypto exchanges after the blockchain\x92s Shanghai upgrade on April 13. Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week. In the Congressional hearing on Tuesday, the SEC\x92s Gensler said in prepared testimony that \x93the vast majority of crypto tokens are securities\x94 but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee. Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in a letter on the SEC\x92s approach to digital assets, which said \x93the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms\x92 activities do not involve an offering of securities,\x94 and \x93the only entity to blame for the lack of registrants is the SEC itself.\x94 XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. The SEC filed a lawsuit in December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year. The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion. In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The average sales price of NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs. U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%. The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve President Raphael Bostic and St. Louis Fed President James Bullard said in separate interviews they envisioned interest rate hikes to continue in 2023. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday. See related article: U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', "Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020 Lucas Jackson/Reuters Stocks traded mixed on Tuesday as investors digested the wave of earnings reports from big firms. Markets initially saw a boost over strong economic growth in China, but reversed gains midday. Investors are awaiting another wave of results from big firms including Netflix and Tesla. US stocks were mixed on Tuesday as investors digested earnings reports from big corporations. Stocks trended higher in the morning, boosted by strong economic growth in China , but reversed gains later in the day, with the Dow Jones Industrial Average and Nasdaq Composite ending slightly down slightly. Though Bank of America and Johnson & Johnson beat earnings expectations, Goldman Sachs missed analysts' revenue estimates, sending its stock lower by over 1%. The bank said lost $470 million on the sale of some of its consumer loan portfolio. Investors were awaiting more earnings figures from big firms like Netflix, United Airlines and Western Alliance, which are all expected release their financials Wednesday morning. Here's where US indexes stood shortly after the 4:00 p.m. ET close on Tuesday: S&P 500 : 4,154.76, up 0.08% Dow Jones Industrial Average : 33,976.53, down 0.03% (10.55 points) Nasdaq Composite : 12,153.41, down 0.04% Here's what else is happening today: A single order from Elon Musk's Tesla boosted one family's fortune to over $800 million. Ray Dalio says fewer countries want to hold onto the dollar as China's trade grows and Russian sanctions expose new risks. Banking turmoil could be revived if credit conditions keep tightening, Morgan Stanley's chief bond strategist says. Stocks are unlikely to retest bear market lows , and there's too much pessimism about the US economy, Ed Yardeni said. Stocks could tumble at least 15% even in a mild recession, JPMorgan's quant guru said. US firms may be unknowingly helping Russia evade the oil price cap, according to the US Treasury. Rents just fell to their lowest level in order a year, according to recent Redfin data. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil was nearly flat at $80.81 per barrel. Brent crude , oil's international benchmark, slipped 0.07% to $84.70 a barrel. Gold rose 0.53% to $2,017.80 per ounce. The 10-year Treasury yield ticked lower to 3.574%. Bitcoin rose 2.05% to $30,168.94. Read the original article on Business Insider", '(Bloomberg) -- Gogoro Inc., a Taipei-based company whose battery-swapping stations serve electric moped drivers across Taiwan, said on Tuesday that it has converted roughly 20% of those stations into “virtual power plants” capable of sending spare electricity back to the grid. Most Read from Bloomberg Bud Light Takes the Cowardly Way Out Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000 US Public Sours on a Biden-Trump Election Rematch in 2024 Since it was founded in 2015, Gogoro has opened more than 12,000 stations with batteries that can be changed out on the fly, giving drivers of electric mopeds and three-wheelers the ability to add dozens of miles of range without losing time on charging. The company says it has more than 500,000 monthly active users, and over 260 swaps taking place on its network every minute. Some 2,500 Gogoro stations have been converted into VPPs capable of storing up to 150 megawatt hours of electricity collectively — enough, it says, to power 500 local households for a month. “The Gogoro community is contributing to Taiwan’s net-zero targets by helping to integrate more variable power generation resources onto the grid,” Gogoro founder and Chief Executive Officer Horace Luke said in a statement. Roughly 80% of Taiwan’s power supply relies on fossil fuels, but the self-governing island has pledged to zero out its greenhouse gas emissions before 2050. By tapping into the power of its parked batteries, Gogoro joins a growing number of companies exploring virtual power plants, which can help utilities avoid blackouts during periods of high demand and reduce the need for electricity generated by fossil fuels. Additionally, companies selling excess power back to the grid through VPPs can realize a new revenue stream. Under the same announcement, Gogoro said it will participate in a program introduced by Taiwan Power Corporation under which the company’s battery-swapping stations would temporarily disconnect from grids if there is critical energy demand elsewhere. (They can still operate for up to 65 hours powered by their own batteries.) The utility pays a premium for companies to participate in the program, which helps ensure overall grid stability. Story continues Read More: One-Minute Battery Swaps Spur EV Adoption in Asia As power grids around the world continue to buckle under the pressures of extreme weather, more VPPs will be needed. An acute example occurred in 2021 in Texas, when a frigid winter storm sent electricity demand soaring while also hampering power production from fossil fuels, wind and nuclear plants. The resulting grid failure left millions without power. Adding more renewable energy to the mix will also require solutions for absorbing excess power during particularly windy days, for example, or doling out stored energy when clouds lower solar output. The global market for VPPs hit $1.9 billion last year, according to consultancy The Business Research Company, and the industry is on track to grow more than 20% in 2023. That potential has already lured electric vehicle giants: Tesla Inc. is turning some houses in Texas that use its home batteries into VPPs, while Nio, a leading EV manufacturer in China, is touting its own battery-swapping stations as a source of power supply and storage. Last summer, when the country was hit by scorching temperatures that evaporated hydropower, Nio’s more than 100 swapping stations were able to step in. (Corrects to clarify that Gogoro’s VPPs don’t stop working if they stop drawing power from the electrical grid.) Most Read from Bloomberg Businessweek TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War Peak Gas Has Passed, and Higher Prices Might Be Next The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe ©2023 Bloomberg L.P.', 'Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over thefines and lawsuitshe has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday.\nSee related article:SEC’s Gary Gensler dodges question on whether Ethereum is a security\n• Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world’s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year.\n• Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world’s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis companyCryptoQuantshowed a slump inEthereum-related purchases on crypto exchangesafter the blockchain’s Shanghai upgrade on April 13.\n• Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week.\n• In the Congressionalhearingon Tuesday, the SEC’s Gensler said in preparedtestimonythat “the vast majority of crypto tokens are securities” but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee.\n• Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in aletteron the SEC’s approach to digital assets, which said “the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms’ activities do not involve an offering of securities,” and “the only entity to blame for the lack of registrants is the SEC itself.”\n• XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. TheSEC filed a lawsuitin December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year.\n• The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion.\n• In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• Theaverage sales priceof NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs.\n• U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%.\n• The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid in separate interviews they envisioned interest rate hikes to continue in 2023.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over thefines and lawsuitshe has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday.\nSee related article:SEC’s Gary Gensler dodges question on whether Ethereum is a security\n• Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world’s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year.\n• Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world’s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis companyCryptoQuantshowed a slump inEthereum-related purchases on crypto exchangesafter the blockchain’s Shanghai upgrade on April 13.\n• Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week.\n• In the Congressionalhearingon Tuesday, the SEC’s Gensler said in preparedtestimonythat “the vast majority of crypto tokens are securities” but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee.\n• Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in aletteron the SEC’s approach to digital assets, which said “the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms’ activities do not involve an offering of securities,” and “the only entity to blame for the lack of registrants is the SEC itself.”\n• XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. TheSEC filed a lawsuitin December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year.\n• The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion.\n• In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• Theaverage sales priceof NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs.\n• U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%.\n• The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid in separate interviews they envisioned interest rate hikes to continue in 2023.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', '(Bloomberg) -- GoTo Group has ended talks to raise funds through a $500 million convertible bond issue, abandoning months of negotiations as it focuses its attention on hitting profitability targets.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\n• Macron’s Push to Get China’s Help on Ukraine Is Unraveling Fast\nHaving already downscaled its ambitions from $1 billion, the Jakarta-based company has called off talks with potential investors, according to people familiar with the matter. Companies that GoTo had been in discussions with included BlackRock Inc., private equity firm PAG and the World Bank’s International Finance Corp., the people said.\nEarly-stage talks with the companies were still active this year, as GoTo lowered the amount it sought amid muted investor interest and reduced funding needs, said the people, who asked not to be identified because the information is private. BlackRock was among investors who passed on the deal, the people said.\nThe Indonesian ride-hailing and e-commerce provider eventually decided against the debt sale also because it was concerned it would send a conflicting message to investors, the people said. GoTo had told investors its cash and cash equivalents — at 29 trillion rupiah ($2 billion) at the end of 2022 — was “sufficient to reach positive operating cash flow without any additional external funding.”\nA GoTo spokesperson declined to comment on the fundraising, but said the company has made progress toward profitability. PAG also declined to comment, while BlackRock didn’t respond to a query seeking comment.\nThe scuppered deal marks an unusual about-face for GoTo, which has largely depended on external investments to fund its money-losing operations.\nAfter enjoying years of cheap capital, GoTo — and its Southeast Asian internet peers Grab Holdings Ltd. and Sea Ltd. — are balancing the effects of taking on debt in an era of rising interest rates. Grab in March said it prepaid $600 million in debt ahead of a 2026 maturity, while Sea repurchased about $800 million of convertible senior notes due 2026.\nLike its regional peers, GoTo is trying to convince investors of its profit-making potential after its shares lost more than 70% since its initial public offering in Jakarta last year.\nFormed through a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, the company cut 600 jobs last month, adding to the 1,300 positions it axed in 2022. The company said the reductions helped it lower monthly fixed expenses by about 20% in January and February of this year, and it’s also slashed marketing spending. In February, it brought forward its profitability targets by a year.\nThe cost reductions are easing pressure on GoTo’s finances, with its cash now set to last 10-12 quarters, said Nathan Naidu, an analyst at Bloomberg Intelligence. That’s up from five quarters previously, and compares with 17 quarters at Grab and 21 at Sea, according to Naidu.\nGoTo’s reduced cash burn means the company has a potential path to be sustainable without the need for external funding, Mark Goodridge, an analyst at Morgan Stanley, said in a March 20 note.\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- GoTo Group has ended talks to raise funds through a $500 million convertible bond issue, abandoning months of negotiations as it focuses its attention on hitting profitability targets. Most Read from Bloomberg Bud Light Takes the Cowardly Way Out Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign Bitcoin \x91Halving\x92 Due Next Year Spurs Predictions of Rally in Token Past $50,000 US Public Sours on a Biden-Trump Election Rematch in 2024 Macron\x92s Push to Get China\x92s Help on Ukraine Is Unraveling Fast Having already downscaled its ambitions from $1 billion, the Jakarta-based company has called off talks with potential investors, according to people familiar with the matter. Companies that GoTo had been in discussions with included BlackRock Inc., private equity firm PAG and the World Bank\x92s International Finance Corp., the people said. Early-stage talks with the companies were still active this year, as GoTo lowered the amount it sought amid muted investor interest and reduced funding needs, said the people, who asked not to be identified because the information is private. BlackRock was among investors who passed on the deal, the people said. The Indonesian ride-hailing and e-commerce provider eventually decided against the debt sale also because it was concerned it would send a conflicting message to investors, the people said. GoTo had told investors its cash and cash equivalents \x97 at 29 trillion rupiah ($2 billion) at the end of 2022 \x97 was \x93sufficient to reach positive operating cash flow without any additional external funding.\x94 A GoTo spokesperson declined to comment on the fundraising, but said the company has made progress toward profitability. PAG also declined to comment, while BlackRock didn\x92t respond to a query seeking comment. The scuppered deal marks an unusual about-face for GoTo, which has largely depended on external investments to fund its money-losing operations. After enjoying years of cheap capital, GoTo \x97 and its Southeast Asian internet peers Grab Holdings Ltd. and Sea Ltd. \x97 are balancing the effects of taking on debt in an era of rising interest rates. Grab in March said it prepaid $600 million in debt ahead of a 2026 maturity, while Sea repurchased about $800 million of convertible senior notes due 2026. Story continues Like its regional peers, GoTo is trying to convince investors of its profit-making potential after its shares lost more than 70% since its initial public offering in Jakarta last year. Formed through a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, the company cut 600 jobs last month, adding to the 1,300 positions it axed in 2022. The company said the reductions helped it lower monthly fixed expenses by about 20% in January and February of this year, and it\x92s also slashed marketing spending. In February, it brought forward its profitability targets by a year. The cost reductions are easing pressure on GoTo\x92s finances, with its cash now set to last 10-12 quarters, said Nathan Naidu, an analyst at Bloomberg Intelligence. That\x92s up from five quarters previously, and compares with 17 quarters at Grab and 21 at Sea, according to Naidu. GoTo\x92s reduced cash burn means the company has a potential path to be sustainable without the need for external funding, Mark Goodridge, an analyst at Morgan Stanley, said in a March 20 note. Most Read from Bloomberg Businessweek TikTok\x92s Algorithm Keeps Pushing Suicide to Vulnerable Kids How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War Peak Gas Has Passed, and Higher Prices Might Be Next The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe ©2023 Bloomberg L.P.', 'Australia-based information services platformFindersaid it ran asurveyin April of 32 crypto industry specialists for views on the price outlook for Bitcoin in the coming decade. According to the average predictions for 2023, Bitcoin will hit a high of US$42,225, a low of US$17,026, and close the year at US$35,485.\nSee related article:Bitcoin reclaims US$30,000, Ether heads higher after SEC’s Gensler grilling; Polkadot leads winners\n• Bitcoin’s price will be closely related to developments in the banking industry, according to Ben Ritchie, director ofDigital Capital Management AU. “A shakeout in the banking industry could demonstrate Bitcoin’s ability to store value, offering an alternative investment option free from government and central bank controls,” he said. But the downside is dwindling liquidity and regulations that choke off access to banks for the crypto sector, he added.\n• The lack of confidence in the traditional banking system is seen as thebiggest factorbehind Bitcoin’s surge in March, which witnessed the collapses of three U.S. banks and the takeover of Switzerland’s Credit Suisse, according to the survey.\n• “Bitcoin has proven to be negatively correlated with the failure of traditional financial institutions. While the banks have collapsed, Bitcoin adoption is increasing amongst institutions and retail investors,” said Rishabh Gupta, director of crypto incubator and consulting companyTDeFi, who predicted Bitcoin to reach US$75,000 in 2023.\n• “Pension funds have started allocating 2-3% capital to Bitcoin and other digital assets.Post 2024 halving, Bitcoin supply will become more scarce leaving a positive impact on the price,” Gupta said.\n• Most of the survey’s respondents are bullish about the current trend in Bitcoin, with 52% saying now is a good time to buy, 32% saying good time to hold, and 16% seeing a sell opportunity.\n• However, 72% of those questioned said the collapse of crypto-friendly banks in the U.S. can hinder cryptocurrency adoption as U.S. digital asset firmsstruggle to find bank partners.\n• Finder’s survey predicts Bitcoin’s price will reach US$99,781 by 2025 and US$297,848 by 2030, which are 29% and 58% higher than the survey in January 2023.\n• “BTC will get quite significant capital inflows from institutional investors following the decrease in interest rates. At the same time, [the market] capitalization of BTC is still very small [and] new money will easily push the price up.” said Ilya Volkov, CEO of cryptocurrency exchange and lenderYouHodler.\n• Recent slowing economic indicators in the U.S. have added to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. Analysts atCMEgroup expect an 84.6% chance of a 25-basis-point increase in interest rates in May, followed by a rate cut by the end of 2023.\n• However, Atlanta Federal Reserve President Raphael Bostic said on Tuesday it was still too early to consider rate cuts given the stubbornly high inflation rate, according toCNBCon Tuesday. The inflation rate stands at around 5%, compared to the Fed’s target of 2%.\nSee related article:United A Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,877,108,656 - Hash Rate: 330891401.13480145 - Transaction Count: 301722.0 - Unique Addresses: 680099.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Corrects typo in paragraph 28, commercial not commerical) * World stocks up 6% after rollercoaster few months * Bond markets see huge swings between hope and fear * Banking turmoil evokes memory of crises past * Dollar slips whereas bitcoin roars back to form By Marc Jones LONDON, March 31 (Reuters) - From a red-hot January as China cast off COVID curbs to February's flop when interest rates surged and now a manic March of banking blow-ups - financial markets have had an action-packed start to the year even by recent standards. Totting up the first quarter scores shows world stocks with a healthy 6% gain, government bonds up 3%-5%, gold 8% higher, energy prices sliding and the dollar barely budged. Dig deeper though and the volatility soon emerges. Global shares zoomed up 10% in January only to lose it all by the time Silicon Valley Bank, a mid-sized U.S. lender few had even heard of, collapsed and then the 167-year-old Swiss behemoth Credit Suisse required rescuing. Equities are bouncing though now and U.S. and European government bond yields - the main drivers of global borrowing costs - are set for their biggest monthly drop since the global crash of 2008. "Within three months you have had three completely different stories," BofA analyst, David Hauner, said of the year so far. "January was an extremely strong start with China's reopening, but February we were back to pricing 6% Fed interest rates and the next thing has been the problems in the banking system." A key reason why asset prices have swung around so much is that market makers are unsure how big central banks will react now. Push on with rate hikes and tempt further banking sector troubles? Or press pause and risk more inflation? Two-year Treasury yields, which are highly sensitive to U.S. Federal Reserve moves, jumped from 4% to 5% in February, only to dive back to 3.5% when the SVB turmoil redrew the entire U.S. interest rate map. That hoisted U.S. bond volatility to its highest point since the 2008 meltdown. Europe too saw 2-year German yields arc from 2.5% to almost 3.5% and back, while changes at Japan's central bank have also been moving the dial. 'Big Tech' stocks crave low borrowing costs so they have roared up by a third. The Nasdaq is up 18%, China tech 22%, emerging market countries have sold record amounts of debt and commodity markets see recessions coming. "All the action has been in the bond markets," said SEB Investment Management's global head of asset allocation Hans Peterson, explaining the shifts had been hard to navigate. "The equity market has done impressively well considering." Story continues COCO POP The dollar's 1% dip is its weakest start to a year since 2018 and allowed Britain's pound and the euro to climb around 1.5%. Worldwide, Chile, Mexico, Hungary and Colombia's currencies have jumped the most - as much as 8% in Chile's case as its main export, copper, has also risen 7% as resource-hungry China has reopened and rebooted. Top of stocks in national terms is the Czech Republic with a 30% rise in dollar terms. Colombia is down 16% at the other end of the spectrum and India is down 8% having seen one of its biggest conglomerates, Adani, skewed by short sellers. Bitcoin beats the lot having surged 70%, including 40% in just 10 days during this month's SVB and Credit Suisse chaos. Banking sector woes have been kryptonite for financial stocks, however, as well as the risky breed of 'contingent convertible' (CoCo) bank bonds wiped out during Credit Suisse's rescue. The scare factor was that the bank's shareholders got some of their money back, which turned the normal hierarchy of bondholders before shareholders on its head and shattered trust in the specific 'AT1' type of CoCos that went pop. Other European banking authorities were so spooked they gave reassurances that they wouldn't do the same. CoCo debt is still down 15% however and insuring against a bank default now costs a lot more. "For the banks it was the most nervous situation we have seen for a while," SEB's Peterson said. DIRECTIONLESS A 42% drop in Europe's natural gas prices, a 9% fall in oil and 12% and 4% respective tumbles in wheat and corn have fed hopes of lower inflation despite the unrelenting war between producers Russia and Ukraine. Since late 2021, big developed economies including the United States, Europe and Australia have raised interest rates by almost 3,300 basis points collectively. So whether that surge halts this year remains pivotal for investors. It is crucial for many of the heavily-indebted developing world countries. Ghana has joined a record number of sovereigns in default this year and concerns are growing elsewhere too, including in U.S. commercial real estate markets. "A lot of people have been looking for direction where there hasn't really been any," Willem Sels, Global Chief Investment Officer at HSBC's Private Banking and Wealth arm said of the flip-flopping in both equity and bond prices. "It could well be that we are in a directionless but volatile market for the next quarter or two," he said, pinning Q3 or Q4 as the best hope for a sustained pick-up. (Reporting by Marc Jones; Editing by Christina Fincher) View comments... - Reddit Posts (Sample): [['u/Superb-Row5394', 'I fell for a job scam and I feel like an idiot', 676, '2023-04-19 00:12', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/', 'I’m a recent college graduate who has been getting more desperate for money it’s been getting harder recently so I’ve been applying everywhere I could. I got a job offer to be someone’s personal assistant it was a remote part time job so it seemed like something I could do in the mean time while looking for a job in my field, the dude was talking about how I could become an administrative assistant in a couple weeks if I my work was good they said they were going to buy equipment so I would be able to effectively work from home and provide virtual training so that I would understand the programs. This is where I feel INCREDIBLY stupid the person sent me a check to deposit using my mobile app so I could buy the equipment which I already thought was weird, I went ahead and did so and then they said I’d have to withdraw the money and deposit it into a bitcoin atm and then transfer the money to the vendor so I could get the equipment… I knew it was stupid as I was walking to my car with the money in hand…I knew it was stupid when I was depositing the money…I knew it was stupid when I was transferring the money to the “vendor”…but I still did it…when I got back home after all of that the person said I’d have to do it again tomorrow until the amount the check had was all transferred…I immediately went to my bank and asked them if I was being scammed then I was told to call a fraud number which I did and I filed a claim…I got scammed for $400 which I’m not getting back ._. Luckily I’m not bankrupt yet but it’s a serious dent in my wallet I feel like a complete idiot for recognizing the red flags and still going through with it just cause I was getting desperate', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/', '12r6frx', [['u/Hubbylord', 477, '2023-04-19 00:24', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt01cg/', "Hey, it's okay. It happens to many people. I've been scammed. If you can take the time and continue learning more, it'll be worth it. I got scammed for about $700. I learned to love this subreddit and learn from it, and you can too.\n\nBeware of !recovery scammers who say they can help get the money back.", '12r6frx'], ['u/Superb-Row5394', 167, '2023-04-19 00:28', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt0jnz/', 'Thank you for that I really really needed that type of reassurance at this moment nd ur completely right I’ll try to do just that\nLol Thank you for the warning I already had one recovery scammer message me xD', '12r6frx'], ['u/Hubbylord', 91, '2023-04-19 00:31', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt10i3/', "Just a personal tip on the job search. Make sure you have a good resume, have a couple people look at it. Then I recommend applying to a large amount of jobs. I am an Electrical Engineer and had to apply to 50-60 jobs before I got an offer. Some types of jobs are just on a tough market. Only respond to interviews for jobs that are in your field and you applied for. You got this. I graduated a year ago, it's tough, but you got this.", '12r6frx'], ['u/Match-Former', 47, '2023-04-19 00:37', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt1tdr/', "You're not an idiot. The people who prey on jobseekers are scum.", '12r6frx'], ['u/Superb-Row5394', 40, '2023-04-19 00:39', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt24ud/', 'Thanks man! :O those r all really good tips that I’m going to keep in mind! U don’t even know how much I needed that type of encouragement man but ur right! Gotta get back on the search! I’ll try to have some friends look at my resume so I can get their tips on it to! Again thanks man! 🙏🏾', '12r6frx'], ['u/bewildered_forks', 23, '2023-04-19 00:53', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt402y/', "Don't feel too badly about yourself. Scammers are professionals. They literally make their living by preying on people who are desperate or trusting. They know what they're doing. They're scum. You did nothing wrong. You recognized the scam before you lost more - remember that feeling in your gut and trust it next time.\n\nGood luck in your job hunt!", '12r6frx'], ['u/NikkiVicious', 26, '2023-04-19 01:15', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt6yi6/', "Instead of applying to individual jobs on some place like Indeed, that's overrun with scammers, try looking for recruiting firms in your area, and giving them your resume. It will drastically cut down on scams.", '12r6frx'], ['u/Superb-Row5394', 18, '2023-04-19 01:56', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtcdhl/', 'Thank you for that tip :0 I didn’t know how else to apply for jobs besides at places like indeed :0 I’ll definitely be looking into any recruiting firms in my area', '12r6frx'], ['u/Ancguy', 36, '2023-04-19 02:14', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtevvo/', "Thanks for coming forth with this- I think it's important for us all to see that people who fall for scams are human beings with flaws and feelings. Too often they're stereotyped as being stupid, when that's often far from the truth. We make mistakes- everyone on this subreddit had to learn one way or another about these scams, so seeing the effects on real people is helpful. Good luck to you- other folks smarter than you and I have been taken for far more than $400. Good luck to you- hang in there!", '12r6frx'], ['u/HaoieZ', 98, '2023-04-19 03:01', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtlhmn/', "Remember next time any 'job' that supposedly sends you money to buy your own gear is always a scam.", '12r6frx'], ['u/Superb-Row5394', 29, '2023-04-19 03:02', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtlkov/', 'Facts! I’m definitely keeping that in mind from now on!', '12r6frx'], ['u/cacille', 28, '2023-04-19 03:59', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgttmkf/', "Desperation often wins over logic. This is because desperation is a feeling, and feelings ABSOLUTELY CONTROL US FIRST. Deeper into our lizard brain, so they rule our actions and thoughts when we are caught in a feeling.\n\nThat said, I'm a career consultant. And I sometimes look over recent grad's resumes and, honestly, tear them apart as most of the time, they are written with desperation and fear, which causes the resumes to not be clear or targeted properly. So you're welcome to dm me your resume.", '12r6frx'], ['u/FFiscool', 17, '2023-04-19 04:29', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtxku7/', 'You paid $400 to learn a lifelong lesson', '12r6frx'], ['u/issa_nice_', 10, '2023-04-19 05:11', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgu30or/', 'This happened to me when I was graduating college as well. It was even a job posted on the UNIVERSITY website job portal for college students. It’s disgusting they prey on young vulnerable desperate people, but unfortunately it’s the name of their game. I’m glad you realized before you got in too deep and now it’s at least a lesson learned. Wishing you the best in your job search! Hang in there.', '12r6frx'], ['u/Mariss716', 10, '2023-04-19 07:09', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgufriy/', 'Many people are here because they were scammed themselves, or a loved one was. We have all let our guard down and had our trust violated. Scammers pick the most vulnerable and they do this on purpose. Such as targeting job searchers who need money and might overlook red flags they’d heed otherwise.\n\nDon’t be too hard on yourself. You got your lesson and it cost $400. You pick yourself up and learn from it, and it won’t ruin you. I have met people who lost their life savings in learning that lesson. The lesson is to be careful with your trust and your money, and protect yourself. \n\nYou just cannot trust strangers and who they claim to be. \n\nAlways do thorough due diligence and r/Scams is a great place to ask if you have any doubts. I come here and educate, and I have volunteered to work with victims for years. It’s a way I can give back, and I too was scammed for $250 back in 2007. Plus my folks were scammed a few years ago by a telephone scam and I remember how awful that was, seeing them devastated. I vowed I would not let that happen to others, and so here I am.\n\nSave your scorn for these scum of the earth scammers like the one that got you, and just be vigilant and diligent going forward. It’s important to talk about what happened to you. Don’t be ashamed - share your story to help educate and warn others, and your loss will not be in vain.\n\nAll the best in your job search.', '12r6frx'], ['u/bofh', 12, '2023-04-19 09:12', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgupmew/', 'Yep. Kudos for admitting to this and for learning from it. Both of those are difficult steps, and being able to admit this may save others around you from falling into the trap. \n\nScammers are very convincing relative to their audience (I fell for a big deal on an "expensive watch" when I was young and more naieve that with the wisdom of age I can\'t believe I fell for back then) and its no bad reflection on you that you\'ve been tricked like this.', '12r6frx']]], ['u/Joeyb213', 'Together', 10, '2023-04-19 01:33', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/', 'Let’s all vow to not sell our Jasmy until it reaches a substantial price like .40-$1 at least. This is it folks, with the US dollar losing power many people will put their money to work to beat inflation. Soon we will be like the people that bought into Bitcoin at $2', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/', '12r8ss8', [['u/Frogmangy', 10, '2023-04-19 02:23', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/jgtg4dd/', 'When people start seeing green they will sell. There will be major sell pressure every 5 cents i believe', '12r8ss8'], ['u/TheNegatyveBurn', 14, '2023-04-19 04:17', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/jgtw1gv/', 'Your commitment to this single reply to every post is appreciated', '12r8ss8']]], ['u/meparadis', '"XLM pumps with XRP" - No, it does not and here\'s the proof', 27, '2023-04-19 01:54', 'https://www.reddit.com/r/xlm/comments/12r9dcd/xlm_pumps_with_xrp_no_it_does_not_and_heres_the/', 'People saying "BuT BUt bUT XLM PuMPs WItH XRp BrOoo!" are absolutely wrong.\n\nXLM is literally down 86% over XRP in more than 2 years... Stop saying XLM is pumping along its "big brother XRP" because its not. This coin\'s price performance has been absolutely terrible and I don\'t want to sugar coat it. Still holding it though... Sigh \n\nAlso: don’t even think about looking at the XLMBTC and XLMETH pairings if you don’t want to cry\n\nhttps://preview.redd.it/xv75onjrdqua1.png?width=1536&format=png&auto=webp&v=enabled&s=a93fcfbdbae4d26604503111c9adc8d3cf6e8bc3', 'https://www.reddit.com/r/xlm/comments/12r9dcd/xlm_pumps_with_xrp_no_it_does_not_and_heres_the/', '12r9dcd', [['u/acnocte', 11, '2023-04-19 02:10', 'https://www.reddit.com/r/xlm/comments/12r9dcd/xlm_pumps_with_xrp_no_it_does_not_and_heres_the/jgtebhr/', 'Xrp has been pumping because the lawsuit is almost over. Xlm and xrp are utility tokens but right now xrp is being pumped not necessarily because of utility but because of speculation. Utility tokens could be argued to have some sort of correlation in regards to utilization but right now if xlm goes up because of xrp it’s because it’s the cheaper alternative and much like bitcoin and ethereum, people are looking for the cheaper option to hopefully make the most money with their cash.', '12r9dcd']]], ['u/tfren99', "Security vs commodity: what's the difference and why does it matter?", 36, '2023-04-19 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12ra3ne/security_vs_commodity_whats_the_difference_and/', "TLDR: Cryptocurrencies can either be classified as securities or commodities. This determines how strictly they are regulated, as well as how they are taxed. Gary Gensler and the SEC are pushing for cryptocurrencies to be considered securities, and the crypto community is pushing back.\n\nYou're probably seeing a lot of news right now about the SEC hearing, and you might be wondering what exactly the big fuss is about. In a nutshell, there's no consensus on whether to classify cryptocurrencies as commodities or securities. Let's take a look at what this means.\n\n# Definitions\n\nAll assets can either be classified as securities or commodities.\n\n* Commodities are basic goods or raw materials that can be owned or traded. They are used in the production of consumer goods. Oil, grains, meats, precious metals, are examples of commodities. Some financial assets like currencies and indices are considered commodities.\n* Securities are more broadly defined, but are generally financial instruments that can be traded and hold monetary value in the form of equity or debt.\n\nIn general, neither definition can be applied to all cryptocurrencies in general. Classification must be done on a case by case basis.\n\n# The Howey Test\n\nThe Howey Test is a test used to determine if something is a security, stemming from a 1946 US Supreme Court case. According to the Howey Test, an asset is a security if it meets all of the following conditions:\n\n* there is an investment of money,\n* in a common enterprise (aka a business venture),\n* with expectation of profits,\n* derived from somebody else's effort.\n\nClearly, some cryptocurrencies do not pass the test (Bitcoin), whereas some clearly do (any coin that had an ICO). The Howey Test is outdated, so it's effectiveness in categorizing cryptocurrencies has been questioned.\n\n# Why does it matter?\n\nAs you might have guessed, it all comes down to taxes and regulations. Commodities are less strictly regulated than securities and are also taxed less. The US Security and Exchange Commission (SEC), chaired by former crypto proponent Gary Gensler, is pushing to heavily regulate cryptocurrencies and the exchanges that trade them, in the same way that stocks and stock exchanges are regulated. Obviously, the exchanges (and the crypto community in general) are pushing back, resistant to the increased regulation and taxation. \n\nToday, the US Committee on Banking, Housing and Urban Affairs held a hearing regarding the oversight of the SEC and their handling of this ongoing situation. From what I've seen, it doesn't look like it went great for Gary, but I haven't looked into it too deeply yet.\n\nSo why should we, the crypto community, care? Well, if cryptocurrencies are considered securities, then we would pay higher taxes on our profits (yes they exist) than if they were considered commodities. Additionally, it would become more expensive for exchanges to operate, and this cost would likely be passed on to the customer in the form of increased fees. However, regulation by the SEC could offer protection from scams and exchange collapses. In short, it all comes down to finding the right balance.", 'https://www.reddit.com/r/CryptoCurrency/comments/12ra3ne/security_vs_commodity_whats_the_difference_and/', '12ra3ne', [['u/astockstonk', 19, '2023-04-19 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12ra3ne/security_vs_commodity_whats_the_difference_and/jgtfzxe/', 'One thing is clear after today. Gary Gensler can’t tell you what is a commodity and what is a security', '12ra3ne']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, April 19, 2023', 37, '2023-04-19 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/', '12rg1kx', [['u/Downtown-Ad-4117', 12, '2023-04-19 08:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgum40y/', 'Why would SEC go after it’s own boss?', '12rg1kx'], ['u/regxbN78', 17, '2023-04-19 09:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguowb8/', 'In your butt.', '12rg1kx'], ['u/challis88ocarina', 12, '2023-04-19 10:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguum1w/', 'Aged like milk', '12rg1kx'], ['u/challis88ocarina', 11, '2023-04-19 10:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguuofz/', 'Really starting to get the feel of the good old days: nothing like being young and not knowing what on (or off) Earth is going to happen next', '12rg1kx'], ['u/bundabrg', 26, '2023-04-19 10:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguuxke/', 'Actually its better today than yesterday', '12rg1kx'], ['u/NervousNorbert', 10, '2023-04-19 11:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguxypj/', 'Sudden drops of 3% is comfortably within normality. Welcome to Bitcoin, leverage carefully.', '12rg1kx'], ['u/yeahhhbeer', 11, '2023-04-19 11:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv0w0i/', 'Average US salary is $60k.\n\n2 years = $120k.\n\n30,500 to 29,000 = ~5%\n\n120,000/.05 = $2.4M worth of BTC or ~78 coins \n\n\nNow that’s a lot of 🌽', '12rg1kx'], ['u/spinbarkit', 15, '2023-04-19 12:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv1ip3/', 'again - relong 10x @ 29 190\n\nliq @ 25 100\n\n80% stack in the game', '12rg1kx'], ['u/Cadenca', 13, '2023-04-19 13:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv7osm/', "My respects, that is supremely degenerate. It's a miracle you're not too traumatized to make this move.. we've only have one dump, Bitcoin can do anything it wants at any time, on a whim.. Good luck soldier", '12rg1kx'], ['u/Galactic777', 17, '2023-04-19 13:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv8bjq/', 'Massive sell off>panicking, tricked out of position>price goes back up>buys back in at a higher price\n\nWelcome to bitcoin🤝', '12rg1kx'], ['u/Magikarpeles', 13, '2023-04-19 13:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvbcnt/', 'Big sell off, prices not seen since yesterday', '12rg1kx'], ['u/Magikarpeles', 11, '2023-04-19 13:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvbf87/', 'Then 28499 is likely', '12rg1kx'], ['u/Order_Book_Facts', 11, '2023-04-19 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvdnwh/', 'This dump was certainly not “profit taking.” You don’t market sell $500M btc with insane slippage without some angle.', '12rg1kx'], ['u/PatientlyWaitingfy', 10, '2023-04-19 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvibok/', "I'm asking again, what is your invalidation point to where you think it won't go above 31k and that the down move you anticipate has already begun?", '12rg1kx'], ['u/thewardser', 13, '2023-04-19 15:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvj8zc/', "ah, must have not seen that before\n\n$26,999\n\nits right below bottom bollinger band on the daily...something we haven't breached since $15.5K", '12rg1kx'], ['u/cryptojimmy8', 12, '2023-04-19 15:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvjndd/', 'To be fair there was a 500 million market dump on binance. Hard to TA that', '12rg1kx'], ['u/[deleted]', 12, '2023-04-19 15:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvoppn/', "Today I simply asked what happened to BTC at r/Bitcoin and I got virtually beaten up. I've never been insulted that much on my entire life, just... wow. Hopefully this place be much nicer.", '12rg1kx'], ['u/ArcadesOfAntiquity', 11, '2023-04-19 15:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvph2c/', 'the negativity in this sub is by and large limited to curmudgeonly grumbling, with the occasional splash of snarky moral superiority. Much better than the shrill rage beasts in that other sub. Rest easy.', '12rg1kx'], ['u/[deleted]', 16, '2023-04-19 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvquz5/', 'That\'s cool. I can handle some negativity but today I simply asked at 5:00am (my local time) what happened because I legit couldn\'t find any news/articles. Someone replied "fcking find it out by yourself" (and got 10 upvotes) and they kept going to the point I had to delete my comment due to how ridiculously rude it was turning out. I\'m not going back there ever again. Anyway, I wasn\'t aware of this place (there are a bunch of BTC subs) and so far I\'m liking it. :)', '12rg1kx'], ['u/richardholliday87', 30, '2023-04-19 16:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvviz6/', 'As a long term holder, I enjoy checking in here to gauge the price over actually checking the price. Cheers guys 🍻', '12rg1kx'], ['u/DaBrokenMeta', 11, '2023-04-19 17:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgw2iih/', 'You’re only moderately safer here my friend lol', '12rg1kx'], ['u/VictorCobra', 13, '2023-04-19 17:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgw69th/', 'I think we’re about to see a good trading opportunity on either side. If today’s candle fails to retrace back to the upside before the close, it may offer a good shorting opportunity down towards at least the mid-$26k area. If it closes back above $30k, and especially if it closes green, that could be a good long setup towards $32-33k. \n\nOverall, it looks a bit like buyers are getting exhausted. Buyer volume is declining, which may provide grounds for sellers to take advantage. Seller volume does seem to be increasing a bit on the 4H. The lows from today (so far) rest right on the uptrend I posted Monday. This uptrend has held for the last 3 weeks.', '12rg1kx'], ['u/spinbarkit', 11, '2023-04-19 18:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgwgu9l/', 'lure, scare, confuse, \n\nobfuscate the real trend?', '12rg1kx'], ['u/iEyeOpen', 11, '2023-04-19 22:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgxfriu/', "My gut feeling tells me BTC is heading anywhere below 26.5k.\n\nI'm usually perma bullish biased, but there is that one obvious zone that has not been challenged yet, and the setup is there.\n\n[https://i.imgur.com/VSZERKb.png](https://i.imgur.com/VSZERKb.png)\n\nSo if you would get liquidated at 26.5k, think again if it's worth holding a long in profit.\n\n28k breaks, becomes resistance with confirmation, then 26.5k holds sideways, and scam wicks go below it until it breaks too. And anywhere in the green box is the next best long entry.", '12rg1kx'], ['u/Ok_File_9520', 23, '2023-04-19 23:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgxke97/', 'I am a simple man. I keep looking at the chart when it goes up. I go do other things when it goes down.', '12rg1kx'], ['u/[deleted]', 17, '2023-04-19 23:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgxo358/', 'Test 28.5 incoming', '12rg1kx']]], ['u/Wrong-Job7122', 'If this game does go down to Nexon, there is still potential for private servers.', 31, '2023-04-19 06:07', 'https://www.reddit.com/r/DarkAndDarker/comments/12rg85j/if_this_game_does_go_down_to_nexon_there_is_still/', "If Playtest 5 is the last time we get the opportunity to play this game, there is a chance that someone in the far future will dedicate their time to trying to make the game work on private servers with the game files we have now. Like private Vanilla/BTC/WoTLK WoW servers.\n\n Not sure how possible this is now without the source code, but if Ironmace truly wanted to give their work to the community as a last resort, they could reveal their source code as a sort of dead-man's switch after losing the court case.\n\nOf course, with the limited content of playtest 5 and the whole team disbanded, it will eventually get stale. But at the very least, this game could die slowly instead of getting its head chopped off abruptly by Nexon. \n\nBasically, this is just Cope: The Post* But this is the only positive outcome we could hope might spawn off of Ironmace losing their legal dispute.", 'https://www.reddit.com/r/DarkAndDarker/comments/12rg85j/if_this_game_does_go_down_to_nexon_there_is_still/', '12rg85j', [['u/query_squidier', 37, '2023-04-19 06:57', 'https://www.reddit.com/r/DarkAndDarker/comments/12rg85j/if_this_game_does_go_down_to_nexon_there_is_still/jguemp3/', 'I won\'t talk of Copium.\n\nYears ago I went through losing a game I absolutely adored called [Loadout](https://en.wikipedia.org/wiki/Loadout), a build-your-own-weapon third-person shooter. It was a blast and really had that special, unquantified magic -- just like Dark and Darker does. But, the company running Loadout suddenly folded, hard, and everything got shut down: the servers, the web page, all of it. Gone.\n\nI also went through the pain of the early days of DayZ, with the persistent question of "where\'s the standalone?". That standalone game did eventually come, but it was years later, and well after the moment was gone and people had moved on. (Arma 2 DayZ was just some great gaming.)\n\nFor me, this Dark and Darker game holds a special spot in my gaming history. It belongs among the games I mentioned above, and with games like original vanilla World of Warcraft, and with alpha Minecraft. The original Ultima Online. These games were very special to me -- and Dark and Darker is in there with them.\n\nI\'m not saying IRONMACE is done for, or that Dark and Darker is headed for the scrap pile like Loadout was -- but y\'all should at least prepare yourselves for that eventuality. It\'s hard though -- these games are special to us.', '12rg85j']]], ['u/rBitcoinMod', 'Daily Discussion, April 19, 2023', 49, '2023-04-19 08:08', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12qcxkp/daily_discussion_april_18_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/', '12rj1eh', [['u/Leggy77', 10, '2023-04-19 11:27', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jguyugt/', 'Fuck around and find out!', '12rj1eh'], ['u/MagicianNatural5202', 13, '2023-04-19 11:52', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgv0je8/', 'You got liquidated on a 3% drop? Keyword here is overleveraged.', '12rj1eh'], ['u/tjackson_12', 12, '2023-04-19 13:27', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgv860j/', '2-3% more sats for me today', '12rj1eh'], ['u/Alfador8', 12, '2023-04-19 15:38', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgvn4bq/', "It's a 4% drop. This would have been considered a quiet day for most of Bitcoin's history", '12rj1eh'], ['u/VeryThicknLong', 15, '2023-04-19 16:13', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgvrt8y/', 'Ah guys, I should’ve warned you before I bought.', '12rj1eh'], ['u/escodelrio', 21, '2023-04-19 16:28', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgvu0q1/', 'Historical Bitcoin prices for today, April 19th:\r \n\r \n2023 - $29,291\r \n2022 - $40,662\r \n2021 - $55,668\r \n2020 - $7,171\r \n2019 - $5,298\r \n2018 - $8,274\r \n2017 - $1,227\r \n2016 - $436\r \n2015 - $222\r \n2014 - $502\r \n2013 - $118\r \n2012 - $5.1\r \n2011 - $1.2\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1648643027873804295?s=20).', '12rj1eh'], ['u/One_2_Three', 10, '2023-04-19 19:08', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgwi6ef/', 'Hey, mempool is getting empty. Time to start thinking about opening some LN channels!', '12rj1eh'], ['u/Limsisi', 14, '2023-04-19 19:41', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgwna70/', "In the near future we'll all think damn $30,000 is too cheap!!!", '12rj1eh'], ['u/iamjustaguy', 18, '2023-04-19 22:23', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgxcnkt/', "I was typing a response to a comment in another subreddit, but the comment I was responding to was deleted, I spent a few good minutes on my response and I hate to see my hard work go to waste. So, here is the response to a deleted comment in a popular sub:\n\nI've been aware of Bitcoin since ~2010. I saw the utility of it, but I thought the government wouldn't let it keep going, or that they would absorb it into the current system. I remember seeing the episode of The Good Wife in 2012 that was about Bitcoin, and I thought it was compelling, but I still didn't think it would last. I thought someone would hack it, or it would be a rug pull.\n\nI thought Bitcoin was done in 2017 after the crash from a $20,000 all time high, then 2 years later I noticed it was still around. Bitcoin didn't care what price it was being traded, and the blocks kept being produced in ~10 minute increments. It just kept going, thanks to the Bitcoiners who maintain the network, and the resiliency built into it. So, in late 2019 I set out to prove Bitcoin was a scam, only to start buying it aggressively in February 2020.\n\nSo, to anyone reading this, Bitcoin may collapse, it may become a de-facto world reserve currency, or something in between. All I know is that there are people using it now for its intended purpose, and the innovation will continue.\n\nIf it took me 10 years to be convinced, then I can be patient with others.", '12rj1eh']]], ['u/ChemicalGreek', '$246.75M of crypto assets were liquidated in the previous 24 hours! In which $202.71M were longs and $44.04M were shorts.', 62, '2023-04-19 11:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/', 'Hello everyone!\n\nIn the past 24h the crypto markets had been volatile again, this resulted in a lot of liquidations. In the last hour alone $166.59M in crypto assets were liquidated. These were mostly longs since BTC dropped for some unknown reason and the market followed.\n\n\n\n[1H, 4H and 12H liquidation data](https://preview.redd.it/v9kbi3km3tua1.png?width=936&format=png&auto=webp&v=enabled&s=410d17d916c5b73a1411b4ba8dba4af1af3722ba)\n\nThe stats in the past 24h at the time of writing:\n\n\\- In the past 24 hours, $246.75M of assets were liquidated. \n\\- Liquidated longs and shorts: $202.71M were longs and $44.04M were shorts. \n\\- 75.103 traders were liquidated. \n\\- Top 3 Liquidations: $57.15M of ETH, $54.31M of BTC and $7.77M of Doge. \n\\- The largest single liquidation order happened on Binance - BTCUSDT value $3.02M. \n\\- Top liquidations (full list) per crypto:\n\n[The cryptocurrencies that most traders got liquidated](https://preview.redd.it/mvegqzoe4tua1.png?width=1399&format=png&auto=webp&v=enabled&s=0f372165df17800dd20f827ad36c4c235caa1ac4)\n\nHave a nice day and stay safe!\n\nChemicalGreek\n\n\n\nSource: [https://www.coinglass.com/LiquidationData](https://www.coinglass.com/LiquidationData)', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/', '12rmvfy', [['u/Sorrytoruin', 15, '2023-04-19 11:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/jguxvkg/', "Don't gamble.", '12rmvfy'], ['u/Harold838383', 32, '2023-04-19 11:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/jguyr9y/', 'This is why you don’t leverage trade. You’re trading against binance', '12rmvfy']]], ['u/MoneroFox', 'Chainalysis decided to write about a forbidden topic', 50, '2023-04-19 12:15', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/', '[@chainalysis](https://twitter.com/chainalysis/status/1648381250191720451) (twitter)\n> What are privacy coins, and how do they work?\n\n[Anonymity Enhanced Cryptocurrencies](https://blog.chainalysis.com/reports/privacy-coins-anonymity-enhanced-cryptocurrencies/) (blog.Chainalysis.com)\n> Privacy coins are cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability. They operate similarly to physical cash, but within a digital ecosystem. When you withdraw cash from an ATM, the bank maintains a record, but has no way of knowing what you do with the money after this transaction, except if you deposit money back into an ATM.\n>\n> Although privacy coins are more resistant to tracking than other cryptocurrencies, nothing is completely anonymous. Thus, investigators with advanced tracing capabilities can follow the movement of privacy coins.\n>\n> As of April 2023, the top three privacy coins by market capitalization are Monero (XMR), Zcash (ZEC), and Dash (DASH) — each with varying degrees of privacy ... Monero is currently the “only major cryptocurrency where every user is anonymous by default“.\n>\n> The anonymity of privacy coins has led many to believe they are primarily used for money laundering, hacking, and terrorist financing. Although malicious activities certainly occur on the blockchain, we have observed that most criminals still use Bitcoin because it is cross-border, instantaneous, and liquid. Privacy coins are typically not as liquid as Bitcoin, making it more difficult for criminals to acquire them and cash out into fiat currency.\n>\n> Privacy coins are legal in the United States, but other major world economies have imposed restrictions in an effort to curb money laundering and reduce organized crime. Japan banned privacy coins in 2018; South Korea and Australia followed suit, delisting Monero, Dash, Zcash, and other coins from exchanges. Dubai is the latest country to join this list in 2023, with other jurisdictions such as the European Union considering bans. A leaked draft of a proposed money laundering bill written by the EU stated that “Credit institutions, financial institutions and crypto-asset service providers shall be prohibited from keeping. . . anonymity-enhancing coins.”\n>\n> Several mainstream exchanges have also stopped offering privacy coins. Bittrex, an exchange built by security engineers, announced in January 2021 that it would soon remove popular privacy coins and encouraged users to withdraw their tokens before the deadline. Similarly, Kraken delisted Monero for its UK customers, BitBay ended Monero support, and Huobi removed seven privacy tokens due to “new financial regulations.” Such developments have led many observers to wonder whether privacy coins will survive in the long-term.', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/', '12rob4b', [['u/doublejay1999', 49, '2023-04-19 13:32', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgv8mrr/', 'Things you can do : move your money to a low regulation environment on a tiny Island, under a pile of shell companies with obfuscated ownership structures. \n\n\nThings you can’t do : use monero', '12rob4b'], ['u/rbrunner7', 23, '2023-04-19 14:12', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgvcqvt/', 'Good find.\n\nAnd I think if you take the quite heavily biased source into account this is a well-balanced article. It even lists legitimate use cases for privacy coins. Now you can inform yourself about Monero even on the Chainalysis website, who would have thought?\n\nI can forgive them the opinion at the end of the article that Bitcoin offers a better balance between "tools to tackle illicit activities and preserve sensitive information" than private coins. After all that\'s where their main business is.', '12rob4b'], ['u/bdoc50', 18, '2023-04-19 16:13', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgvrtl7/', '>Thus, investigators with advanced tracing capabilities can follow the movement of privacy coins.\n\nTheir advanced tools are so advanced that privacy coins need to be banned to prevent crime despite the existence of advanced tools that can follow any privacy coin transaction and track down "criminals" using privacy coins.', '12rob4b'], ['u/FoolHooligan', 10, '2023-04-19 17:44', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgw57ei/', "In short, Monero is an actual cryptocurrency, so it's gonna be banned everywhere. Bullish.", '12rob4b']]], ['u/newheere', '27yo, 64k worth. Road to 100k before 30yo', 11, '2023-04-19 13:30', 'https://www.reddit.com/r/BEFire/comments/12rq2o1/27yo_64k_worth_road_to_100k_before_30yo/', 'Hi,\n\nI write this post as a sort of motivational post to help me reaching the 100k milestone in less then 2.5y; of course every suggestion is welcomed. \n\nI currently make 2.9k net a month. They would be 3.2k but i choose to take a car using cafeteria plan. \n\nMy current monthly expenses are:\n\n1) House: 600 euro ish\n\n2) Food: meal vouchers + 150 euro\n\n3) Gym: 23 euros\n\n4) Restaurant/fun/subscriptions/weekends out: 300 euro\n\nThis would result in a budget of 1800 euro more or less for investing and savings.\n\n\n\nMy net worth is divided in:\n\n40k cash \n\n15k VWCE\n\n9.5k crypto\n\n\n\nMy plan for the next months is to allocate 20k cash in VWCE and 10k cash in crypto ( mainly BTC and ETH ) \n\nThen i will continue to deploy 1500 euros a month in VWCE and maybe 300 euro a month in crypto', 'https://www.reddit.com/r/BEFire/comments/12rq2o1/27yo_64k_worth_road_to_100k_before_30yo/', '12rq2o1', [['u/adappergentlefolk', 41, '2023-04-19 13:33', 'https://www.reddit.com/r/BEFire/comments/12rq2o1/27yo_64k_worth_road_to_100k_before_30yo/jgv8p9v/', 'I think you are overweighting crypto rather a lot in your portfolio personally, which is very very risky to me, but to each their own. very nice earnings and savings rate means as long as you keep putting stuff mostly in the indexes you should be well in track to FIRE', '12rq2o1']]], ['u/Vaflioras', 'Minecraft Legends profanity filter', 143, '2023-04-19 13:44', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/', '1488\n\n8=D\n\nA55hole\n\nabortion\n\nahole\n\nAIDS\n\nAIDs\n\nainujin\n\nainuzin\n\nakimekura\n\nAnal\n\nanus\n\nanuses\n\nAnushead\n\nanuslick\n\nanuss\n\naokan\n\nArsch\n\nArschloch\n\narse\n\narsed\n\narsehole\n\narseholed\n\narseholes\n\narseholing\n\narselicker\n\narses\n\nAss\n\nasshat\n\nasshole\n\nassholed\n\nassholes\n\nassholing\n\nasslick\n\nasslicker\n\nasses\n\nAuschwitz\n\nb00bs\n\nb00bz\n\nb1tc\n\nBaise\n\nbakachon\n\nbakatyon\n\nBallsack\n\nBallzack\n\nBAMF\n\nBastard\n\nBeaner\n\nBeeatch\n\nbeeeyotch\n\nbeefwhistle\n\nbeeotch\n\nBeetch\n\nbeeyotch\n\nBellend\n\nbestiality\n\nbeyitch\n\nbeyotch\n\nBiach\n\nbin\n\nladen\n\nbinladen\n\nbiotch\n\nbitch\n\nbitches\n\nBitching\n\nblad\n\nbladt\n\nblowjob\n\nblow job\n\nblowme\n\nblow me\n\nblyad\n\nblyadt\n\nbon3r\n\nboner\n\nboobs\n\nboobz\n\nBtch\n\nBukakke\n\nBullshit\n\nbung\n\nbutagorosi\n\nbutthead\n\nButthole\n\nButtplug\n\nc0ck\n\nCabron\n\nCacca\n\nCadela\n\nCagada\n\nCameljockey\n\nCaralho\n\ncastrate\n\nCazzo\n\nceemen\n\nch1nk\n\nchankoro\n\nchieokure\n\nchikusatsu\n\nChing chong\n\nChinga\n\nChingada Madre\n\nChingado\n\nChingate\n\nchink\n\nchinpo\n\nChlamydia\n\nchoad\n\nchode\n\nchonga\n\nchonko\n\nchonkoro\n\nchourimbo\n\nchourinbo\n\nchourippo\n\nchuurembo\n\nchuurenbo\n\ncirclejerk\n\ncl1t\n\ncli7\n\nclit\n\nclitoris\n\ncocain\n\nCocaine\n\ncock\n\nCocksucker\n\nCoglione\n\nCoglioni\n\ncoitus\n\ncoituss\n\ncojelon\n\ncojones\n\ncondom\n\ncoon\n\ncoon hunt\n\ncoon kill\n\ncoonhunt\n\ncoonkill\n\nCooter\n\ncotton pic\n\ncotton pik\n\ncottonpic\n\ncottonpik\n\nCrackhead\n\nCSAM\n\nCulear\n\nCulero\n\nCulo\n\nCum\n\ncun7\n\ncunt\n\ncvn7\n\ncvnt\n\ncyka\n\nd1kc\n\nd4go\n\ndago\n\nDarkie\n\nDeez Nuts\n\nDeez Nutz\n\ndeeznut\n\ndeeznuts\n\ndeeznutz\n\nDickhead\n\ndikc\n\ndildo\n\nDio Bestia\n\ndong\n\ndongs\n\ndouche\n\nDownie\n\nDumass\n\nDumbass\n\nDurka durka\n\nDyke\n\nEjaculate\n\nEncule\n\nenjokousai\n\nenzyokousai\n\netahinin\n\netambo\n\netanbo\n\nf0ck\n\nf0kc\n\nf3lch\n\nfacking\n\nfag\n\nfaggot\n\nfags\n\nfaggots\n\nFanculo\n\nFanny\n\nfatass\n\nfck\n\nFckn\n\nfcuk\n\nfcuuk\n\nfelch\n\nFetish\n\nFgt\n\nFiCKDiCH\n\nFiglio di Puttana\n\nfku\n\nfock\n\nfokc\n\nforeskin\n\nFotze\n\nFoutre\n\nfucc\n\nfuck\n\nfuckd\n\nfucked\n\nfucker\n\nfucking\n\nfuckr\n\nfuct\n\nfujinoyamai\n\nfukashokumin\n\nFupa\n\nfuuck\n\nfuuckd\n\nfuucked\n\nfuucker\n\nfuucking\n\nfuuckr\n\nfuuuck\n\nfuuuckd\n\nfuuucked\n\nfuuucker\n\nfuuucking\n\nfuuuckr\n\nfuuuuck\n\nfuuuuckd\n\nfuuuucked\n\nfuuuucker\n\nfuuuucking\n\nfuuuuckr\n\nfuuuuuck\n\nfuuuuuckd\n\nfuuuuucked\n\nfuuuuucker\n\nfuuuuucking\n\nfuuuuuckr\n\nfuuuuuuck\n\nfuuuuuuckd\n\nfuuuuuucked\n\nfuuuuuucker\n\nfuuuuuucking\n\nfuuuuuuckr\n\nfuuuuuuuck\n\nfuuuuuuuckd\n\nfuuuuuuucked\n\nfuuuuuuucker\n\nfuuuuuuucking\n\nfuuuuuuuckr\n\nfuuuuuuuuck\n\nfuuuuuuuuckd\n\nfuuuuuuuucked\n\nfuuuuuuuucker\n\nfuuuuuuuucking\n\nfuuuuuuuuckr\n\nfuuuuuuuuuck\n\nfuuuuuuuuuckd\n\nfuuuuuuuuucked\n\nfuuuuuuuuucker\n\nfuuuuuuuuucking\n\nfuuuuuuuuuckr\n\nfuuuuuuuuuu\n\nfvck\n\nfxck\n\nfxuxcxk\n\ng000k\n\ng00k\n\ng0ok\n\ngestapo\n\ngo0k\n\ngod damn\n\ngoddamn\n\ngoldenshowers\n\ngolliwogg\n\ngollywog\n\nGooch\n\ngook\n\ngoook\n\nGyp\n\nh0m0\n\nh0mo\n\nh1tl3\n\nh1tle\n\nhairpie\n\nhakujakusha\n\nhakuroubyo\n\nhakuzyakusya\n\nhantoujin\n\nhantouzin\n\nHerpes\n\nhitl3r\n\nhitler\n\nhitlr\n\nholocaust\n\nhom0\n\nhomo\n\nhonky\n\nHooker\n\nhor3\n\nhore\n\nhukasyokumin\n\nHure\n\nHurensohn\n\nhuzinoyamai\n\nhymen\n\ninc3st\n\nincest\n\nInculato\n\nInjun\n\nintercourse\n\ninugoroshi\n\ninugorosi\n\nj1g4b0\n\nj1g4bo\n\nj1gab0\n\nj1gabo\n\nJack Off\n\njackass\n\njap\n\nJerkOff\n\njig4b0\n\njig4bo\n\njigabo\n\nJigaboo\n\njiggaboo\n\njizz\n\nJoder\n\nJoto\n\nJungle Bunny\n\njunglebunny\n\nk k k\n\nk1k3\n\nkichigai\n\nkik3\n\nKike\n\nkikeiji\n\nkikeizi\n\nKilurself\n\nkitigai\n\nkkk\n\nklu klux\n\nKlu Klux Klan\n\nkluklux\n\nknobhead\n\nkoon hunt\n\nkoon kill\n\nkoonhunt\n\nkoonkill\n\nkoroshiteyaru\n\nkoumoujin\n\nkoumouzin\n\nku klux klan\n\nkun7\n\nkurombo\n\nKurva\n\nKurwa\n\nkxkxk\n\nl3sb0\n\nlesbo\n\nlezbo\n\nlezzie\n\nm07th3rfukr\n\nm0th3rfvk3r\n\nm0th3rfvker\n\nMadonna Puttana\n\nmanberries\n\nmanko\n\nmanshaft\n\nMaricon\n\nMasterbat\n\nmasterbate\n\nMasturbacion\n\nmasturbait\n\nMasturbare\n\nMasturbate\n\nMasturbazione\n\nMerda\n\nMerde\n\nMeth\n\nMierda\n\nmilf\n\nMinge\n\nMiststück\n\nmitsukuchi\n\nmitukuti\n\nMolest\n\nmolester\n\nmolestor\n\nMong\n\nMoon Cricket\n\nmoth3rfucer\n\nmoth3rfvk3r\n\nmoth3rfvker\n\nmotherfucker\n\nMulatto\n\nn1663r\n\nn1664\n\nn166a\n\nn166er\n\nn1g3r\n\nn1German\n\nn1gg3r\n\nn1gGerman\n\nn3gro\n\nn4g3r\n\nn4gg3r\n\nn4gGerman\n\nn4z1\n\nnag3r\n\nnagg3r\n\nnagGerman\n\nnatzi\n\nnaz1\n\nnazi\n\nnazl\n\nneGerman\n\nngGerman\n\nnggr\n\nNhigGerman\n\nni666\n\nni66a\n\nni66er\n\nni66g\n\nni6g\n\nni6g6\n\nni6gg\n\nNig\n\nnig66\n\nnig6g\n\nnigar\n\nniGerman\n\nnigg3\n\nnigg6\n\nnigga\n\nniggaz\n\nnigGerman\n\nnigger\n\nnigglet\n\nniggr\n\nnigguh\n\nniggur\n\nniggy\n\nniglet\n\nNignog\n\nnimpinin\n\nninpinin\n\nNipples\n\nniqqa\n\nniqqer\n\nNonce\n\nnugga\n\nNutsack\n\nNutted\n\nnygGerman\n\nomeko\n\nOrgy\n\np3n15\n\np3n1s\n\np3ni5\n\np3nis\n\np3nl5\n\np3nls\n\nPaki\n\nPanties\n\nPedo\n\npedoph\n\npedophile\n\npen15\n\npen1s\n\nPendejo\n\npeni5\n\npenile\n\npenis\n\nPenis\n\npenl5\n\npenls\n\npenus\n\nPerra\n\nphag\n\nphaggot\n\nphagot\n\nphuck\n\nPikey\n\nPinche\n\nPizda\n\nPolla\n\nPorca Madonna\n\nPorch monkey\n\nPorn\n\nPornhub\n\nPorra\n\npr1ck\n\npreteen\n\nprick\n\npu555y\n\npu55y\n\npub1c\n\nPube\n\npubic\n\npun4ni\n\npun4nl\n\nPunal\n\npunan1\n\npunani\n\npunanl\n\npuss1\n\npuss3\n\npuss5\n\npusse\n\npussi\n\npussy\n\npussys\n\nPussies\n\npusss1\n\npussse\n\npusssi\n\npusssl\n\npusssy\n\nPussy\n\nPuta\n\nPutain\n\nPute\n\nPuto\n\nPuttana\n\nPuttane\n\nPuttaniere\n\npuzzy\n\npvssy\n\nqueef\n\nr3c7um\n\nr4p15t\n\nr4p1st\n\nr4p3\n\nr4pi5t\n\nr4pist \n\nraape \n\nraghead \n\nraibyo \n\nRaip \n\nrap15t \n\nrap1st \n\nRapage \n\nrape \n\nRaped \n\nrapi5t \n\nRaping \n\nrapist \n\nrectum \n\nRed Tube \n\nReggin \n\nreipu \n\nretard \n\nRicchione \n\nrimjob \n\nrizzape \n\nrompari \n\nSalaud \n\nSalope \n\nsangokujin \n\nsangokuzin \n\nsantorum \n\nScheiße\n\nSchlampe \n\nSchlampe \n\nschlong \n\nSchwuchtel \n\nScrote \n\nsecks \n\nseishinhakujaku \n\nseishinijo \n\nseisinhakuzyaku \n\nseisinizyo \n\nSemen \n\nsemushiotoko \n\nsemusiotoko \n\nsh\|t \n\nsh\|thead \n\nsh\|tstain \n\nsh17 \n\nsh17head \n\nsh17stain \n\nsh1t \n\nsh1thead \n\nsh1tstain \n\nShat \n\nShemale \n\nshi7 \n\nshi7head \n\nshi7stain \n\nshinajin \n\nshinheimin \n\nshirakko \n\nshit \n\nshithead \n\nshitstain \n\nShitty \n\nshokubutsuningen \n\nsinazin \n\nsinheimin\n\nSkank\n\nSMD\n\nSodom \n\nsofa king \n\nsofaking \n\nSpanishick\n\nSpanishook\n\nSpanishunk\n\nSTD\n\nSTDs \n\nSucchia Cazzi \n\nsuck my \n\nsuckmy \n\nsyokubutuningen \n\nTaint\n\nTapatte\n\nTapette \n\nTarlouse \n\ntea bag \n\nteabag \n\nteebag \n\nteensex \n\nteino \n\nTesta di Cazzo\n\nTesticles \n\nThot \n\ntieokure \n\ntinpo \n\nTits \n\nTitz \n\ntitties \n\ntittiez \n\ntokushugakkyu \n\ntokusyugakkyu \n\ntorukoburo \n\ntorukojo \n\ntorukozyo \n\ntosatsu \n\ntosatu \n\ntowelhead \n\nTrannie \n\nTranny \n\ntunbo \n\ntw47 \n\ntw4t \n\ntwat \n\ntyankoro \n\ntyonga \n\ntyonko \n\ntyonkoro \n\ntyourinbo \n\ntyourippo \n\ntyurenbo \n\nushigoroshi \n\nusigorosi \n\nv461n4 \n\nv461na \n\nv46in4 \n\nv46ina \n\nv4g1n4 \n\nv4g1na \n\nv4gin4 \n\nv4gina \n\nva61n4 \n\nva61na \n\nva6in4 \n\nva6ina \n\nVaccagare\n\nVaffanculo\n\nVag \n\nvag1n4 \n\nvag1na \n\nvagin4 \n\nvagina \n\nVateFaire \n\nvvhitepower \n\nw3tb4ck \n\nw3tback \n\nWank \n\nwanker \n\nwetb4ck \n\nwetback \n\nwh0r3 \n\nwh0re \n\nwhite \n\npower \n\nwhitepower \n\nwhor3 \n\nwhore \n\nWog \n\nWop \n\nx8lp3t \n\nxbl \n\npet \n\nXBLPET\n\nXBLRewards \n\nXl3LPET \n\nyabunirami \n\nZipperhead \n\nБлядь \n\nсука', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/', '12rqfhr', [['u/HorobecS30', 27, '2023-04-19 16:10', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/jgvrdb5/', 'NOOOOOO NOT CYKABLYAT', '12rqfhr'], ['u/HorobecS30', 54, '2023-04-19 16:11', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/jgvrisj/', "I can't even smoke a fag anymore? man...", '12rqfhr'], ['u/HorobecS30', 23, '2023-04-19 16:11', ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin lost the mojo it regained on Tuesday, dropping below $29K; ether fell toward $1.9K.\nInsights:Valuations for some Web3 games are higher than the lifetime revenue of some successful, traditional gaming companies, and yet Web3 doesn\'t have many games that make players enthusiastic.\nCoinDesk Market Index (CMI)\n1,250\n−73.5▼5.6%\nBitcoin (BTC)\n$28,936\n−1387.4▼4.6%\nEthereum (ETH)\n$1,948\n−149.8▼7.1%\nS&P 500\n4,154.52\n−0.4▼0.0%\nGold\n$2,007\n−0.4▼0.0%\nNikkei 225\n28,606.76\n−52.1▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,250", "\\u221273.5\\u25bc5.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,936", "\\u22121387.4\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,948", "\\u2212149.8\\u25bc7.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,154.52", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,007", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,606.76", "\\u221252.1\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin\'s Wednesday Swoon\nWhat happened to bitcoin\'s Tuesday mojo?\nThe largest cryptocurrency by market capitalization tripped early Wednesday, falling first below $30,000 for the second time in three days, and hours later, below $29,000 for the first time in more than a week. BTC was recently trading at about $28,930, down about 4.6% from Tuesday, same time, and far from its heights last week when a moderately encouraging consumer price index (CPI) and renewed investor optimism buoyed markets.\nInvestors\' mood soured on Wednesday after a sobering U.K. inflation report andmassive sell order on Binance. "One way or another, the hot U.K. CPI report that we got in today\'s European session made the market more vulnerable and may have been the piece of macroeconomic data that pushed that large seller to pull the trigger, which led to a cascade of sell orders as we dropped below $30,000," Matt Weller, global head of research at online brokerForex.com, told CoinDesk TV\'s "First Mover" program.\nEther continued its mirroring of BTC this week, falling around 7.1% to trade at around $1,945. The second-largest crypto in market value topped $2,100 on Tuesday after tumbling on Monday along with most other major altcoins. The second largest crypto in market value had been on an upswing in the days following the much-ballyhooed Ethereum Shanghai upgrade, the final step in the platform\'s shift from a proof-of-work to a more energy-efficient proof-of-stake protocol.\nAPT, the token of layer 1 blockchain Aptos, and ARB, the native crypto of layer 2 blockchain Arbitrum, recently plunged about 10% and 13%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 6.2%.\nEquity markets traded roughly flat for a second consecutive day, with the tech-heavy Nasdaq Composite rising 0.03% but the S&P 500, which has a strong technology component, dropping 0.01%. Investors have continued to digest unexpectedly strong first-quarter earnings from the financial services sector, although a number of regional banks have yet to report. Their results will offer additional clarity on the banking sector\'s health.\nIn an email to CoinDesk, Markus Levin, co-founder of XYO Network, a cryptography-backed oracle network that anonymously collects and certifies data with a geographic component, noted "a tremendous amount of anxiety in the market right now, particularly when it comes to macroeconomic conditions."\n"The U.K.’s higher-than-expected inflation numbers seem to be hitting a bit too close to home, both in the U.S. and in other countries where monetary policy is tightening and fears of a recession are growing," Levin wrote. "It seems as though all these macroeconomic concerns may finally be catching up with bitcoin."\nHe added that after bitcoin\'s strong gains in recent weeks, "it\'s not surprising to see consolidation. Crypto markets have always been particularly susceptible to price fluctuations, so none of this should be cause for panic.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.6%", "DACS Sector": "Entertainment"}]\nWeb3 Lacks Good Games\nFor all the billions in market share that Web3 gaming and the metaverse command, there’s one thing missing: a good game.\nThe traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth. Yet. you can find plenty of people that have played a chapter of Grand Theft Auto, Halo, or have joined a multiplayer skirmish in PUBG or Call of Duty.\nSome of these games are memes-of-the-moment; PUBG seemed omnipresent in 2017-2018 with its fast-paced mobile-friendly action but is not so big anymore.\nBut it\'s likely harder to find someone that’s done the same for a Web3 game. Mention PUBG around gamers and most will know it. Can the same be said about a Web3 game? In a report from last week, DappRadar argued thatAsia is going to dominate Web3 gaming. It bases this response on a survey where 48.6% of respondents said that blockchain games “seem interesting.”\nBut what about after they give them a try? Are they still interesting?\nSquare Enix thinks there’s a market. The studio behind the Final Fantasy game franchise, which is as close to the holy canon as it gets for gamers,is apparently bullish on the vertical, having recently unveiled atrailer for its first web3 game.\nIts fans, though, aren’t as sold.\nSome of the highest-rated comments in response to the video are overwhelmingly negative.\n“How do I dislike a video more than once,” said J Miki. “With this rate, the next Final Fantasy will be the final fantasy,” added another.\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\n11:30 p.m. HKT/SGT(15:30 UTC)Bank of Canada\'s Governor Macklem Speech\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Drops Below $30K in Sudden Sell-Off; SEC Chair Gensler Declines to Say if Ether Is a Security\nBitcoin dropped more than 3% in just 15 minutes in European morning hours, starting a slide that sent BTC as low as $29,045.22.Forex.comglobal head of research Matt Weller joined "First Mover" to discuss. Plus, reaction to Tuesday\'s exchange between House Financial Services Committee Chairman Patrick McHenry and SEC Chairman Gary Gensler, who repeatedly declined to answer the congressman\'s question on whether ether (ETH) is a security. Former SEC senior trial counsel Howard Fischer and Linklaters U.S. head of blockchain and digital assets Joshua Ashley Klayman discussed. Blockdaemon CEO Konstantin Richter and Scroll Co-founder Sandy Peng also joined "First Mover."\nCoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back:Following last week\'s milestone Shanghai upgrade, we moved to wind down CoinDesk\'s Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he\'s taken.\nInstitutions Flock to Ether After Shapella Upgrade:Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.\nHong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin:The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.\nCrypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios:The partnership will provide advisers with a wider range of options for shaping successful portfolios.\nRussia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank:International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin lost the mojo it regained on Tuesday, dropping below $29K; ether fell toward $1.9K. Insights: Valuations for some Web3 games are higher than the lifetime revenue of some successful, traditional gaming companies, and yet Web3 doesn\'t have many games that make players enthusiastic. Prices CoinDesk Market Index (CMI) 1,250 −73.5 ▼ 5.6% Bitcoin (BTC) $28,936 −1387.4 ▼ 4.6% Ethereum (ETH) $1,948 −149.8 ▼ 7.1% S&P 500 4,154.52 −0.4 ▼ 0.0% Gold $2,007 −0.4 ▼ 0.0% Nikkei 225 28,606.76 −52.1 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,250 −73.5 ▼ 5.6% Bitcoin (BTC) $28,936 −1387.4 ▼ 4.6% Ethereum (ETH) $1,948 −149.8 ▼ 7.1% S&P 500 4,154.52 −0.4 ▼ 0.0% Gold $2,007 −0.4 ▼ 0.0% Nikkei 225 28,606.76 −52.1 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Wednesday Swoon What happened to bitcoin\'s Tuesday mojo? The largest cryptocurrency by market capitalization tripped early Wednesday, falling first below $30,000 for the second time in three days, and hours later, below $29,000 for the first time in more than a week. BTC was recently trading at about $28,930, down about 4.6% from Tuesday, same time, and far from its heights last week when a moderately encouraging consumer price index (CPI) and renewed investor optimism buoyed markets. Investors\' mood soured on Wednesday after a sobering U.K. inflation report and massive sell order on Binance . "One way or another, the hot U.K. CPI report that we got in today\'s European session made the market more vulnerable and may have been the piece of macroeconomic data that pushed that large seller to pull the trigger, which led to a cascade of sell orders as we dropped below $30,000," Matt Weller, global head of research at online broker Forex.com , told CoinDesk TV\'s "First Mover" program. Story continues Ether continued its mirroring of BTC this week, falling around 7.1% to trade at around $1,945. The second-largest crypto in market value topped $2,100 on Tuesday after tumbling on Monday along with most other major altcoins. The second largest crypto in market value had been on an upswing in the days following the much-ballyhooed Ethereum Shanghai upgrade, the final step in the platform\'s shift from a proof-of-work to a more energy-efficient proof-of-stake protocol. APT, the token of layer 1 blockchain Aptos, and ARB, the native crypto of layer 2 blockchain Arbitrum, recently plunged about 10% and 13%, respectively. The CoinDesk Market Index , a measure of the crypto market\'s overall performance, was recently down 6.2%. Equity markets traded roughly flat for a second consecutive day, with the tech-heavy Nasdaq Composite rising 0.03% but the S&P 500, which has a strong technology component, dropping 0.01%. Investors have continued to digest unexpectedly strong first-quarter earnings from the financial services sector, although a number of regional banks have yet to report. Their results will offer additional clarity on the banking sector\'s health. In an email to CoinDesk, Markus Levin, co-founder of XYO Network, a cryptography-backed oracle network that anonymously collects and certifies data with a geographic component, noted "a tremendous amount of anxiety in the market right now, particularly when it comes to macroeconomic conditions." "The U.K.’s higher-than-expected inflation numbers seem to be hitting a bit too close to home, both in the U.S. and in other countries where monetary policy is tightening and fears of a recession are growing," Levin wrote. "It seems as though all these macroeconomic concerns may finally be catching up with bitcoin." He added that after bitcoin\'s strong gains in recent weeks, "it\'s not surprising to see consolidation. Crypto markets have always been particularly susceptible to price fluctuations, so none of this should be cause for panic.” Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Avalanche AVAX −9.2% Smart Contract Platform Terra LUNA −9.0% Smart Contract Platform Decentraland MANA −8.6% Entertainment Insights Web3 Lacks Good Games For all the billions in market share that Web3 gaming and the metaverse command, there’s one thing missing: a good game. The traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth. Yet. you can find plenty of people that have played a chapter of Grand Theft Auto, Halo, or have joined a multiplayer skirmish in PUBG or Call of Duty. Some of these games are memes-of-the-moment; PUBG seemed omnipresent in 2017-2018 with its fast-paced mobile-friendly action but is not so big anymore. But it\'s likely harder to find someone that’s done the same for a Web3 game. Mention PUBG around gamers and most will know it. Can the same be said about a Web3 game? In a report from last week, DappRadar argued that Asia is going to dominate Web3 gaming . It bases this response on a survey where 48.6% of respondents said that blockchain games “seem interesting.” But what about after they give them a try? Are they still interesting? Square Enix thinks there’s a market. The studio behind the Final Fantasy game franchise, which is as close to the holy canon as it gets for gamers, is apparently bullish on the vertical , having recently unveiled a trailer for its first web3 game . Its fans, though, aren’t as sold. Some of the highest-rated comments in response to the video are overwhelmingly negative. “How do I dislike a video more than once,” said J Miki. “With this rate, the next Final Fantasy will be the final fantasy,” added another. Important events 9:15 a.m. HKT/SGT(1:15 UTC) People\'s Bank of China Interest Rate Decision 11:30 p.m. HKT/SGT(15:30 UTC) Bank of Canada\'s Governor Macklem Speech 7:30 a.m. HKT/SGT(23:30 UTC) Japan National Consumer Price Index (YoY/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Drops Below $30K in Sudden Sell-Off; SEC Chair Gensler Declines to Say if Ether Is a Security Bitcoin dropped more than 3% in just 15 minutes in European morning hours, starting a slide that sent BTC as low as $29,045.22. Forex.com global head of research Matt Weller joined "First Mover" to discuss. Plus, reaction to Tuesday\'s exchange between House Financial Services Committee Chairman Patrick McHenry and SEC Chairman Gary Gensler, who repeatedly declined to answer the congressman\'s question on whether ether (ETH) is a security. Former SEC senior trial counsel Howard Fischer and Linklaters U.S. head of blockchain and digital assets Joshua Ashley Klayman discussed. Blockdaemon CEO Konstantin Richter and Scroll Co-founder Sandy Peng also joined "First Mover." Headlines CoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back : Following last week\'s milestone Shanghai upgrade, we moved to wind down CoinDesk\'s Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he\'s taken. Institutions Flock to Ether After Shapella Upgrade : Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market. Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin : The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said. Crypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios : The partnership will provide advisers with a wider range of options for shaping successful portfolios. Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank : International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin lost the mojo it regained on Tuesday, dropping below $29K; ether fell toward $1.9K.\nInsights:Valuations for some Web3 games are higher than the lifetime revenue of some successful, traditional gaming companies, and yet Web3 doesn\'t have many games that make players enthusiastic.\nCoinDesk Market Index (CMI)\n1,250\n−73.5▼5.6%\nBitcoin (BTC)\n$28,936\n−1387.4▼4.6%\nEthereum (ETH)\n$1,948\n−149.8▼7.1%\nS&P 500\n4,154.52\n−0.4▼0.0%\nGold\n$2,007\n−0.4▼0.0%\nNikkei 225\n28,606.76\n−52.1▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,250", "\\u221273.5\\u25bc5.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,936", "\\u22121387.4\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,948", "\\u2212149.8\\u25bc7.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,154.52", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,007", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,606.76", "\\u221252.1\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin\'s Wednesday Swoon\nWhat happened to bitcoin\'s Tuesday mojo?\nThe largest cryptocurrency by market capitalization tripped early Wednesday, falling first below $30,000 for the second time in three days, and hours later, below $29,000 for the first time in more than a week. BTC was recently trading at about $28,930, down about 4.6% from Tuesday, same time, and far from its heights last week when a moderately encouraging consumer price index (CPI) and renewed investor optimism buoyed markets.\nInvestors\' mood soured on Wednesday after a sobering U.K. inflation report andmassive sell order on Binance. "One way or another, the hot U.K. CPI report that we got in today\'s European session made the market more vulnerable and may have been the piece of macroeconomic data that pushed that large seller to pull the trigger, which led to a cascade of sell orders as we dropped below $30,000," Matt Weller, global head of research at online brokerForex.com, told CoinDesk TV\'s "First Mover" program.\nEther continued its mirroring of BTC this week, falling around 7.1% to trade at around $1,945. The second-largest crypto in market value topped $2,100 on Tuesday after tumbling on Monday along with most other major altcoins. The second largest crypto in market value had been on an upswing in the days following the much-ballyhooed Ethereum Shanghai upgrade, the final step in the platform\'s shift from a proof-of-work to a more energy-efficient proof-of-stake protocol.\nAPT, the token of layer 1 blockchain Aptos, and ARB, the native crypto of layer 2 blockchain Arbitrum, recently plunged about 10% and 13%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 6.2%.\nEquity markets traded roughly flat for a second consecutive day, with the tech-heavy Nasdaq Composite rising 0.03% but the S&P 500, which has a strong technology component, dropping 0.01%. Investors have continued to digest unexpectedly strong first-quarter earnings from the financial services sector, although a number of regional banks have yet to report. Their results will offer additional clarity on the banking sector\'s health.\nIn an email to CoinDesk, Markus Levin, co-founder of XYO Network, a cryptography-backed oracle network that anonymously collects and certifies data with a geographic component, noted "a tremendous amount of anxiety in the market right now, particularly when it comes to macroeconomic conditions."\n"The U.K.’s higher-than-expected inflation numbers seem to be hitting a bit too close to home, both in the U.S. and in other countries where monetary policy is tightening and fears of a recession are growing," Levin wrote. "It seems as though all these macroeconomic concerns may finally be catching up with bitcoin."\nHe added that after bitcoin\'s strong gains in recent weeks, "it\'s not surprising to see consolidation. Crypto markets have always been particularly susceptible to price fluctuations, so none of this should be cause for panic.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.6%", "DACS Sector": "Entertainment"}]\nWeb3 Lacks Good Games\nFor all the billions in market share that Web3 gaming and the metaverse command, there’s one thing missing: a good game.\nThe traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth. Yet. you can find plenty of people that have played a chapter of Grand Theft Auto, Halo, or have joined a multiplayer skirmish in PUBG or Call of Duty.\nSome of these games are memes-of-the-moment; PUBG seemed omnipresent in 2017-2018 with its fast-paced mobile-friendly action but is not so big anymore.\nBut it\'s likely harder to find someone that’s done the same for a Web3 game. Mention PUBG around gamers and most will know it. Can the same be said about a Web3 game? In a report from last week, DappRadar argued thatAsia is going to dominate Web3 gaming. It bases this response on a survey where 48.6% of respondents said that blockchain games “seem interesting.”\nBut what about after they give them a try? Are they still interesting?\nSquare Enix thinks there’s a market. The studio behind the Final Fantasy game franchise, which is as close to the holy canon as it gets for gamers,is apparently bullish on the vertical, having recently unveiled atrailer for its first web3 game.\nIts fans, though, aren’t as sold.\nSome of the highest-rated comments in response to the video are overwhelmingly negative.\n“How do I dislike a video more than once,” said J Miki. “With this rate, the next Final Fantasy will be the final fantasy,” added another.\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\n11:30 p.m. HKT/SGT(15:30 UTC)Bank of Canada\'s Governor Macklem Speech\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Drops Below $30K in Sudden Sell-Off; SEC Chair Gensler Declines to Say if Ether Is a Security\nBitcoin dropped more than 3% in just 15 minutes in European morning hours, starting a slide that sent BTC as low as $29,045.22.Forex.comglobal head of research Matt Weller joined "First Mover" to discuss. Plus, reaction to Tuesday\'s exchange between House Financial Services Committee Chairman Patrick McHenry and SEC Chairman Gary Gensler, who repeatedly declined to answer the congressman\'s question on whether ether (ETH) is a security. Former SEC senior trial counsel Howard Fischer and Linklaters U.S. head of blockchain and digital assets Joshua Ashley Klayman discussed. Blockdaemon CEO Konstantin Richter and Scroll Co-founder Sandy Peng also joined "First Mover."\nCoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back:Following last week\'s milestone Shanghai upgrade, we moved to wind down CoinDesk\'s Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he\'s taken.\nInstitutions Flock to Ether After Shapella Upgrade:Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.\nHong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin:The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.\nCrypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios:The partnership will provide advisers with a wider range of options for shaping successful portfolios.\nRussia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank:International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.', 'Join the most important conversation in crypto and web3! Secure your seat today Deribit, the world\'s largest crypto options exchange by open interest and trading volumes, will be introducing a new spot trading feature. The exchange, which accounted for 91% of global options open interest of over $13 billion in March, said the new platform would go live on April 24 and offer three pairs – BTC/USDC, ETH/USDC and ETH/BTC. The feature will have zero maker and taker fees, meaning there will be no margin for the exchange. Makers create orders and wait for them to be filled, while takers remove liquidity by taking available orders. The availability of spot trading means users can now buy and sell bitcoin (BTC) and ether (ETH) immediately in addition to trading derivatives in which the payment and delivery of the underlying asset are made on a future date. It also means sophisticated traders in one place will be able to set up multi-leg complex strategies involving both the spot market and futures and options contracts. "With this latest addition, our platform now boasts a comprehensive suite of both derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space," Luuk Strijers, chief commercial officer at Deribit, told CoinDesk. "Our spot trading feature serves as an exceptional tool for exchanging collateral like BTC and ETH, with the added benefit of zero costs, further enhancing the overall trading experience for our clients," Strijers added. Deribit launched bitcoin options trading in 2016 and has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether and the dollar-pegged stablecoin USDC. Last month, the exchange unveiled trading in bitcoin volatility futures, opening doors for traders to place bets on the degree of price turbulence in the top cryptocurrency. The dollar value of the total open positions on the platform hit an all-time high of over $20 billion on March 30.', 'Join the most important conversation in crypto and web3! Secure your seat today\nDeribit, the world\'s largest crypto options exchange by open interest and trading volumes, will be introducing a new spot trading feature.\nThe exchange, which accounted for 91% of global options open interest of over $13 billion in March, said the new platform would go live on April 24 and offer three pairs – BTC/USDC, ETH/USDC and ETH/BTC.\nThe feature will have zero maker and taker fees, meaning there will be no margin for the exchange. Makers create orders and wait for them to be filled, while takers remove liquidity by taking available orders.\nThe availability of spot trading means users can now buy and sell bitcoin (BTC) and ether (ETH) immediately in addition to trading derivatives in which the payment and delivery of the underlying asset are made on a future date. It also means sophisticated traders in one place will be able to set up multi-leg complex strategies involving both the spot market and futures and options contracts.\n"With this latest addition, our platform now boasts a comprehensive suite of both derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space," Luuk Strijers, chief commercial officer at Deribit, told CoinDesk.\n"Our spot trading feature serves as an exceptional tool for exchanging collateral like BTC and ETH, with the added benefit of zero costs, further enhancing the overall trading experience for our clients," Strijers added.\nDeribit launched bitcoin options trading in 2016 and has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether and the dollar-pegged stablecoin USDC.\nLast month, the exchange unveiled trading in bitcoin volatility futures, opening doors for traders to place bets on the degree of price turbulence in the top cryptocurrency. The dollar value of the total open positions on the platform hit an all-time high of over $20 billion on March 30.', 'DARTFORD, UNITED KINGDOM - ( NewMediaWire ) - April 19, 2023 - ( King NewsWire ) - Chiron Investigations, a renowned company specializing in cryptocurrency and asset recovery, has announced the launch of its new services aimed at helping individuals and businesses recover their lost digital assets resulting from bitcoin theft. The company has established a solid reputation for providing exceptional cryptocurrency recovery services, having resolved numerous cases with a high success rate. As the risk of cryptocurrency theft continues to grow with the increasing popularity of digital assets, Chiron Investigations has recognized the importance of timely and effective recovery solutions. The company has customized its services to address the unique needs of its clients. Chiron Investigations is a well-regarded and reliable company in the field of cryptocurrency and asset recovery. Its latest offering of specialized services for those affected by bitcoin theft is a clear indication of the company\'s unwavering dedication to maintaining excellence and ensuring the satisfaction of its clients, including how to get their stolen crypto back. Chiron Investigations leads a team of skilled and knowledgeable professionals who utilize advanced techniques and tools to track and recover stolen bitcoins. The company prioritizes the speedy and dependable provision of recovery solutions, all while ensuring the security and privacy of its clients is upheld during the process. A representative for the company expressed empathy towards clients affected by bitcoin theft, stating "We understand the devastating impact that bitcoin theft can have on our clients, and we are dedicated to helping them recover their lost digital assets as quickly as possible." The head of IT further emphasized the company\'s commitment to efficient recovery services and timely results, recognizing the importance of these digital assets to its clients. Chiron Investigations extends its aid to victims of Forex trading crimes and Bitcoin theft alike. Story continues Chiron objective is to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations offers global bitcoin recovery services that are trustworthy, secure, and extremely effective, thanks to its network of skilled investigators. Clients who choose Chiron\'s services can avoid the unnecessary hassle of trying to recover lost assets independently. The company\'s team of experienced investigators has demonstrated a high success rate in the field of cryptocurrency and asset recovery. Chiron Investigations understands the importance of cryptocurrency to its clients and therefore offers guidance to those affected by theft, to assist them in recovering their stolen digital assets. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Organization: Chiron Investigations Crypto Recovery Solutions Contact Person: Julie Spencer Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'DARTFORD, UNITED KINGDOM - ( NewMediaWire ) - April 19, 2023 - ( King NewsWire ) - Chiron Investigations, a renowned company specializing in cryptocurrency and asset recovery, has announced the launch of its new services aimed at helping individuals and businesses recover their lost digital assets resulting from bitcoin theft. The company has established a solid reputation for providing exceptional cryptocurrency recovery services, having resolved numerous cases with a high success rate. As the risk of cryptocurrency theft continues to grow with the increasing popularity of digital assets, Chiron Investigations has recognized the importance of timely and effective recovery solutions. The company has customized its services to address the unique needs of its clients. Chiron Investigations is a well-regarded and reliable company in the field of cryptocurrency and asset recovery. Its latest offering of specialized services for those affected by bitcoin theft is a clear indication of the company\'s unwavering dedication to maintaining excellence and ensuring the satisfaction of its clients, including how to get their stolen crypto back. Chiron Investigations leads a team of skilled and knowledgeable professionals who utilize advanced techniques and tools to track and recover stolen bitcoins. The company prioritizes the speedy and dependable provision of recovery solutions, all while ensuring the security and privacy of its clients is upheld during the process. A representative for the company expressed empathy towards clients affected by bitcoin theft, stating "We understand the devastating impact that bitcoin theft can have on our clients, and we are dedicated to helping them recover their lost digital assets as quickly as possible." The head of IT further emphasized the company\'s commitment to efficient recovery services and timely results, recognizing the importance of these digital assets to its clients. Chiron Investigations extends its aid to victims of Forex trading crimes and Bitcoin theft alike. Story continues Chiron objective is to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations offers global bitcoin recovery services that are trustworthy, secure, and extremely effective, thanks to its network of skilled investigators. Clients who choose Chiron\'s services can avoid the unnecessary hassle of trying to recover lost assets independently. The company\'s team of experienced investigators has demonstrated a high success rate in the field of cryptocurrency and asset recovery. Chiron Investigations understands the importance of cryptocurrency to its clients and therefore offers guidance to those affected by theft, to assist them in recovering their stolen digital assets. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Organization: Chiron Investigations Crypto Recovery Solutions Contact Person: Julie Spencer Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'DARTFORD, UNITED KINGDOM - ( NewMediaWire ) - April 19, 2023 - ( King NewsWire ) - Chiron Investigations, a renowned company specializing in cryptocurrency and asset recovery, has announced the launch of its new services aimed at helping individuals and businesses recover their lost digital assets resulting from bitcoin theft. The company has established a solid reputation for providing exceptional cryptocurrency recovery services, having resolved numerous cases with a high success rate. As the risk of cryptocurrency theft continues to grow with the increasing popularity of digital assets, Chiron Investigations has recognized the importance of timely and effective recovery solutions. The company has customized its services to address the unique needs of its clients. Chiron Investigations is a well-regarded and reliable company in the field of cryptocurrency and asset recovery. Its latest offering of specialized services for those affected by bitcoin theft is a clear indication of the company\'s unwavering dedication to maintaining excellence and ensuring the satisfaction of its clients, including how to get their stolen crypto back. Chiron Investigations leads a team of skilled and knowledgeable professionals who utilize advanced techniques and tools to track and recover stolen bitcoins. The company prioritizes the speedy and dependable provision of recovery solutions, all while ensuring the security and privacy of its clients is upheld during the process. A representative for the company expressed empathy towards clients affected by bitcoin theft, stating "We understand the devastating impact that bitcoin theft can have on our clients, and we are dedicated to helping them recover their lost digital assets as quickly as possible." The head of IT further emphasized the company\'s commitment to efficient recovery services and timely results, recognizing the importance of these digital assets to its clients. Chiron Investigations extends its aid to victims of Forex trading crimes and Bitcoin theft alike. Story continues Chiron objective is to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations offers global bitcoin recovery services that are trustworthy, secure, and extremely effective, thanks to its network of skilled investigators. Clients who choose Chiron\'s services can avoid the unnecessary hassle of trying to recover lost assets independently. The company\'s team of experienced investigators has demonstrated a high success rate in the field of cryptocurrency and asset recovery. Chiron Investigations understands the importance of cryptocurrency to its clients and therefore offers guidance to those affected by theft, to assist them in recovering their stolen digital assets. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Organization: Chiron Investigations Crypto Recovery Solutions Contact Person: Julie Spencer Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all top 10 non-stablecoin tokens. Some commentators ascribed the declines to a repricing based on recent concerns about inflation and higher interest rates ahead. Litecoin led the losers. U.S. equity futures dipped after Wall Street closed flat to lower on Wednesday.\nSee related article:US chip giant Intel abandons Bitcoin ASIC production\n• Bitcoin fell 4.59% to US$28,943 in the 24 hours to 09:00 a.m. in Hong Kong for a weekly loss of 3.59%, according toCoinMarketCap data. The world’s largest cryptocurrency lost about US$1,000 in an hour starting from 4:00 p.m. Hong Kong on Wednesday.\n• Ether slumped 7.20% to US$1,947, but remains 1.93% higher for the past seven days. The token traded below the US$2,000 mark for the first time since April 13, when the Ethereum blockchain completed itsShanghai upgrade.\n• Litecoin led the losers with a drop of 10.50% in the past 24 hours and traded at US$90.85, falling 1.39% for the week.\n• The latest selloff in cryptocurrencies is an overdue correction following the rally this year and investors taking profits as a risk-off trend emerged in global markets, according to aCNBC reporton Wednesday citing Joel Kruger, market strategist at forex and crypto platformLmax Group.\n• The risk-off mood follows more global inflation signals. The U.K. on Wednesdayreporteda 10.1% annual increase in the consumer price index for March, beating projections for a 9.8% gain. Also this week, Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid it’s too early to consider an interest rate cut, given the stubborn U.S. inflation rate, which stood at 5% in March, compared to the Fed’s goal of 2%.\n• Lmax Grouptweetedon Thursday the crypto market “has been forced to have a serious rethink about how it has been pricing” with respect to monetary policies.\n• Another down arrow is U.S. Securities and Exchange Commission Chair Gary Gensler’stestimonybeforeCongress on Tuesday, where he said much of the business model of the cryptocurrency sector has been built aroundnon-compliancewith securities regulations.\n• The total crypto market capitalization fell 5.04% in the past 24 hours to US$1.21 trillion. The total trading volume over the last 24 hours rose 33.08% to US$62.36 billion.\n• In the NFT market, the Forkast 500 NFT index dropped 1.23% to 4,012.98 in the 24 hours to 09:00 a.m. in Hong Kong, but remained 0.74% higher for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures fell 0.24%. The Nasdaq Composite Index moved down 0.35%.\n• The three U.S. equity indexes stalled on Wednesday on softer first-quarter earning reports, while the Federal Reserve’sBeige Book surveyon economic conditions published on Wednesday shows a sharp fall in lending after the failure of a trio of regional banks last month.\n• Negatives for crypto from the bank failures include “dwindling liquidity driven by strong risk-off sentiments and regulatory pressures impactingbanking access for the sector,” Ben Ritchie, director ofDigital Capital Management AUsaid in a report by information services platformFinder.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 16.7% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 83.3% predict a 25-basis-point increase, down from 84.8% on Wednesday.\n• (Updates to correct Bitcoin price decline in second sentence of first bullet.)\nSee related article:Trump’s Series 2 sells out, tops daily NFT sales chart', 'Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all top 10 non-stablecoin tokens. Some commentators ascribed the declines to a repricing based on recent concerns about inflation and higher interest rates ahead. Litecoin led the losers. U.S. equity futures dipped after Wall Street closed flat to lower on Wednesday. See related article: US chip giant Intel abandons Bitcoin ASIC production Fast facts Bitcoin fell 4.59% to US$28,943 in the 24 hours to 09:00 a.m. in Hong Kong for a weekly loss of 3.59%, according to CoinMarketCap data . The world\x92s largest cryptocurrency lost about US$1,000 in an hour starting from 4:00 p.m. Hong Kong on Wednesday. Ether slumped 7.20% to US$1,947, but remains 1.93% higher for the past seven days. The token traded below the US$2,000 mark for the first time since April 13, when the Ethereum blockchain completed its Shanghai upgrade . Litecoin led the losers with a drop of 10.50% in the past 24 hours and traded at US$90.85, falling 1.39% for the week. The latest selloff in cryptocurrencies is an overdue correction following the rally this year and investors taking profits as a risk-off trend emerged in global markets, according to a CNBC report on Wednesday citing Joel Kruger, market strategist at forex and crypto platform Lmax Group . The risk-off mood follows more global inflation signals. The U.K. on Wednesday reported a 10.1% annual increase in the consumer price index for March, beating projections for a 9.8% gain. Also this week, Atlanta Federal Reserve President Raphael Bostic and St. Louis Fed President James Bullard said it\x92s too early to consider an interest rate cut, given the stubborn U.S. inflation rate, which stood at 5% in March, compared to the Fed\x92s goal of 2%. Lmax Group tweeted on Thursday the crypto market \x93has been forced to have a serious rethink about how it has been pricing\x94 with respect to monetary policies. Another down arrow is U.S. Securities and Exchange Commission Chair Gary Gensler\x92s testimony before Congress on Tuesday , where he said much of the business model of the cryptocurrency sector has been built around non-compliance with securities regulations. The total crypto market capitalization fell 5.04% in the past 24 hours to US$1.21 trillion. The total trading volume over the last 24 hours rose 33.08% to US$62.36 billion. In the NFT market, the Forkast 500 NFT index dropped 1.23% to 4,012.98 in the 24 hours to 09:00 a.m. in Hong Kong, but remained 0.74% higher for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures fell 0.24%. The Nasdaq Composite Index moved down 0.35%. The three U.S. equity indexes stalled on Wednesday on softer first-quarter earning reports, while the Federal Reserve\x92s Beige Book survey on economic conditions published on Wednesday shows a sharp fall in lending after the failure of a trio of regional banks last month. Negatives for crypto from the bank failures include \x93dwindling liquidity driven by strong risk-off sentiments and regulatory pressures impacting banking access for the sector ,\x94 Ben Ritchie, director of Digital Capital Management AU said in a report by information services platform Finder . U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 16.7% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 83.3% predict a 25-basis-point increase, down from 84.8% on Wednesday. (Updates to correct Bitcoin price decline in second sentence of first bullet.) See related article: Trump\x92s Series 2 sells out, tops daily NFT sales chart View comments', 'Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all top 10 non-stablecoin tokens. Some commentators ascribed the declines to a re Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $561,345,592,500 - Hash Rate: 319313867.4340018 - Transaction Count: 296683.0 - Unique Addresses: 675813.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Actively managed funds are poised to scoop up market share as institutional asset owners hunt for returns in gyrating markets, according to a report by Cerulli Associates. A little over one-quarter of institutional asset owners indicated they would increase their allocation to active equity strategies over the next two years, according to a survey of 200 institutional asset owners conducted by the Boston-based research firm. Meanwhile, 20% of respondents surveyed in the latter half of 2022 stated they would augment their fixed income strategy allocations during the same period. The potential switch to active management comes as exchange-traded funds using the strategy have continued to pick up assets in 2023 as larger index funds have posted lackluster returns so far this year. The largest and oldest U.S.-listed ETF, theSPDR S&P 500 ETF Trust (SPY),lost $11.4 billion in February alone, as its underlying index dipped 2.6% during the month on continued fears of sticky inflation and high interest rates. About one-third of all exchange-traded products are actively managed, with $396 billion in assets under management, according to ETF.com data. Still, they make up a small but growing fraction of the $6.9 trillion ETF industry. Active ETFs have pulled in a total of $16.8 billion through Feb. 22. Almost 48% of actively managed ETFs had positive inflows compared to roughly 45% of passively managed ETFs. According to the report, the gap between active and passive fund assets narrowed to $1.2 trillion at the end of last year, compared with a nearly $3 trillion gap a year prior. Institutional investors want actively managed portfolios, the research shows, with nearly one-third stating they expect to increase their allocations to U.S. equity. According to Cerulli researchers, nearly one-third of institutional investors indicated they would add exposure to U.S. equity ETFs and mutual funds, while 21% of respondents said they would do the same for global equity allocations. International equity ETFs have gathered $27.8 billion in the first two months of 2023, according to ETF.com data, with the most popular international equity funds including theJPMorgan BetaBuilders Europe ETF (BBEU)and theiShares Core MSCI Emerging Markets ETF (IEMG). The two funds have collectively gathered $9.6 billion year to date, ETF.com data shows. Contact Shubham [email protected] Recommended Stories • What Is a Covered Call ETF? • Grayscale on the 'Holy Grail of Bitcoin ETFs’: Spot Bitcoin ETF • Why Mutual Fund Companies Are Entering the ETF Industry • Hot Reads: Investors Turned Away From Passive ETFs in February Permalink\| © Copyright 2023ETF.com.All rights reserved... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian crypto asset manager 3iQ linked its decline to U.S. regulatory woes and also noted that "market liquidity remains heavily tilted to Asia."\nInsights:With MiCA and a separate crypto-related rule, European legislators have built a promising, regulatory foundation for digital assets. U.S. efforts remain disjointed and counterproductive, CoinDesk columnist Daniel Kuhn writes in The Node.\nCoinDesk Market Index (CMI)\n1,231\n−17.2▼1.4%\nBitcoin (BTC)\n$28,113\n−777.4▼2.7%\nEthereum (ETH)\n$1,936\n−9.2▼0.5%\nS&P 500\n4,129.79\n−24.7▼0.6%\nGold\n$2,013\n+18.2▲0.9%\nNikkei 225\n28,657.57\n+50.8▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u221217.2\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,113", "\\u2212777.4\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,936", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,129.79", "\\u221224.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,013", "+18.2\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,657.57", "+50.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Decline Due to U.S. Regulatory Woes\nU.S. crypto regulatory woes have been weighing heavily on bitcoin.\nSo wrote Mark Connors, the head of research at Canadian crypto asset manager 3iQ, in a series of texts discussing BTC\'s stumble from what seemed safe heights above $30,000.\n"The Kabuki theatre that unfolded in Washington this week suggests Asia and other jurisdictions will continue to gain market share from the U.S., Connors wrote to CoinDesk, adding: "Coinbase’s decision to get licensed in Bermuda to launch an exchange as early as next week shows that U.S. digital asset companies are now voting with their feet. So this week we had both price and regulatory volatility, with only one clear loser, the U.S. economy."\nThe largest cryptocurrency by market capitalization was recently trading at about $28,100, down about 2.7% over the past 24 hours. But earlier on Thursday, bitcoin fell briefly to $27,991 on Coinbase, its lowest level since April 9. The decline continued a two-day slump that started early Wednesday amid a hot U.K. inflation report and massive sell-off on Binance. BTC is down about 10% from last week\'s high near $31,000 with investors more fretful than upbeat about crypto assets\' path forward.\nConnors noted that "market liquidity remains heavily tilted to Asia, so he was "not surprised to see bitcoin\'s downswing start as markets in that part of the world closed. "Remember, last May and June dislocations occurred in a similar window," he wrote.\nEther was recently changing hands at about $1,936, off a few fractions of a point and well off its recent, Shanghai upgrade highs above $2,100. Other major cryptos were largely in the red, mostly darker shades. XRP, the token of the XRP open-source public blockchain XRP Ledger, and ARB, the native crypto of the Arbitrum layer 2 blockchain, were both down more than 3.5%. TheCoinDesk Market Index, a measure of crypto markets overall performance, was recently down 1.3%.\nEquity markets fell, albeit not severely, with the tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, off 0.8% and 0.6%, respectively. Gold hovered comfortably over $2,000, suggesting that investor appetites for assets that hold their value in good times and bad remained strong.\nDespite encouraging first-quarter earnings from a number of major banks, investors remain warily watchful, given the decline of a number of important economic indicators that may foreshadow recession. Recent jobs data has indicated a fall-off in the torrid employment market, and on Thursday, the National Association of Realtors monthly report showed home prices registering their biggest decline since 2012 and mortgage rates rising.\nMeanwhile, Connors wrote that "more volatility" was likely in store, "but not the [year-to-date] ‘upside’ volatility we have seen so far in 2023."\n"We may be entering a period of consolidation as U.S. regulation dims hopes and prompts regulatory reboots by many players. Both are counteracting the long running and structural tailwinds for BTC" that the company highlighted in its 2023 outlook.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.3%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.0%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nWhy the EU Has MiCA and the U.S. Has Securities Law Confusion\nThe European Parliament went ahead and did it: Today, after years of deliberations and at least twoofficial delays, the landmark Markets in Crypto-Assets (MiCA) regulatory framework was voted in. European Union legislators also passed a separate crypto-related rule known as the Transfer of Funds regulation that imposes stronger surveillance and identification requirements for crypto operators, CoinDesk’sJack Schickler reported.\nThe rules were described as a"world first”by the European Commission\'s Mairead McGuinness, and also an “end of the Wild West era for crypto assets," according to Green Party lawmaker Ernest Urtasun. The laws, which will be enforced at the state-level, still need to be officially approved by the supra-governmental body called the EU Council, are just about cleared to take effect next year. (The Council’s approval is more of a formality at this point, considering it already approved the text of the law last year.)\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nFor many, MiCA represents a crucial step forward for the crypto industry. It’s the first major attempt to provide a comprehensive set of rules for crypto companies so they know in advance what they can and cannot do and where their responsibilities lie if they want to operate in the 27-nation strong trading bloc. The European Unionhopes it sets the global standard(and, in some sense, is worried about MiCA’s effectiveness in the EU if similar rules are not adopted everywhere).\nCoinDeskhaswrittena numberof overviewsof the legal framework. But. in short, MiCA requires crypto firms – like wallet providers and exchanges – to be licensed by the EU, and comply with money laundering and terrorism finance safeguards if they want to serve EU-based customers. Some have balked at the reporting standards, which will undoubtedly weaken privacy for crypto users in the name of customer safety and national security.\nRead the full storyhere:\n3:30 p.m. HKT/SGT(7:30 UTC)Germany S&P Global/BME Composite PMI (April)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMI (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEU Vote Finalizes Agreement on Landmark MiCA Regulation; Bitcoin Falls Again\nLawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers joined the conversation. This came as bitcoin (BTC) fell for a second straight day, touching a 10-day low. Options Insights founder Imran Lakha shared his crypto markets analysis. And, Lukso co-founder Marjorie Hernandez discussed why the layer 1 blockchain for creative types is opening a smart contract that lets original validators participate in running the blockchain.\nNFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows:According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales.\nCrypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield:The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.\nBitcoin\'s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say:The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.\nDeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation:The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures.\nTornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules:Alexey Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian crypto asset manager 3iQ linked its decline to U.S. regulatory woes and also noted that "market liquidity remains heavily tilted to Asia." Insights: With MiCA and a separate crypto-related rule, European legislators have built a promising, regulatory foundation for digital assets. U.S. efforts remain disjointed and counterproductive, CoinDesk columnist Daniel Kuhn writes in The Node. Prices CoinDesk Market Index (CMI) 1,231 −17.2 ▼ 1.4% Bitcoin (BTC) $28,113 −777.4 ▼ 2.7% Ethereum (ETH) $1,936 −9.2 ▼ 0.5% S&P 500 4,129.79 −24.7 ▼ 0.6% Gold $2,013 +18.2 ▲ 0.9% Nikkei 225 28,657.57 +50.8 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,231 −17.2 ▼ 1.4% Bitcoin (BTC) $28,113 −777.4 ▼ 2.7% Ethereum (ETH) $1,936 −9.2 ▼ 0.5% S&P 500 4,129.79 −24.7 ▼ 0.6% Gold $2,013 +18.2 ▲ 0.9% Nikkei 225 28,657.57 +50.8 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Decline Due to U.S. Regulatory Woes U.S. crypto regulatory woes have been weighing heavily on bitcoin. So wrote Mark Connors, the head of research at Canadian crypto asset manager 3iQ, in a series of texts discussing BTC\'s stumble from what seemed safe heights above $30,000. "The Kabuki theatre that unfolded in Washington this week suggests Asia and other jurisdictions will continue to gain market share from the U.S., Connors wrote to CoinDesk, adding: "Coinbase’s decision to get licensed in Bermuda to launch an exchange as early as next week shows that U.S. digital asset companies are now voting with their feet. So this week we had both price and regulatory volatility, with only one clear loser, the U.S. economy." Story continues The largest cryptocurrency by market capitalization was recently trading at about $28,100, down about 2.7% over the past 24 hours. But earlier on Thursday, bitcoin fell briefly to $27,991 on Coinbase, its lowest level since April 9. The decline continued a two-day slump that started early Wednesday amid a hot U.K. inflation report and massive sell-off on Binance. BTC is down about 10% from last week\'s high near $31,000 with investors more fretful than upbeat about crypto assets\' path forward. Connors noted that "market liquidity remains heavily tilted to Asia, so he was "not surprised to see bitcoin\'s downswing start as markets in that part of the world closed. "Remember, last May and June dislocations occurred in a similar window," he wrote. Ether was recently changing hands at about $1,936, off a few fractions of a point and well off its recent, Shanghai upgrade highs above $2,100. Other major cryptos were largely in the red, mostly darker shades. XRP, the token of the XRP open-source public blockchain XRP Ledger, and ARB, the native crypto of the Arbitrum layer 2 blockchain, were both down more than 3.5%. The CoinDesk Market Index , a measure of crypto markets overall performance, was recently down 1.3%. Equity markets fell, albeit not severely, with the tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, off 0.8% and 0.6%, respectively. Gold hovered comfortably over $2,000, suggesting that investor appetites for assets that hold their value in good times and bad remained strong. Despite encouraging first-quarter earnings from a number of major banks, investors remain warily watchful, given the decline of a number of important economic indicators that may foreshadow recession. Recent jobs data has indicated a fall-off in the torrid employment market, and on Thursday, the National Association of Realtors monthly report showed home prices registering their biggest decline since 2012 and mortgage rates rising. Meanwhile, Connors wrote that "more volatility" was likely in store, "but not the [year-to-date] ‘upside’ volatility we have seen so far in 2023." "We may be entering a period of consolidation as U.S. regulation dims hopes and prompts regulatory reboots by many players. Both are counteracting the long running and structural tailwinds for BTC" that the company highlighted in its 2023 outlook. Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −6.3% Currency Decentraland MANA −5.0% Entertainment Cardano ADA −4.7% Smart Contract Platform Insights Why the EU Has MiCA and the U.S. Has Securities Law Confusion The European Parliament went ahead and did it: Today, after years of deliberations and at least two official delays , the landmark Markets in Crypto-Assets (MiCA) regulatory framework was voted in. European Union legislators also passed a separate crypto-related rule known as the Transfer of Funds regulation that imposes stronger surveillance and identification requirements for crypto operators, CoinDesk’s Jack Schickler reported . The rules were described as a "world first” by the European Commission\'s Mairead McGuinness, and also an “end of the Wild West era for crypto assets," according to Green Party lawmaker Ernest Urtasun. The laws, which will be enforced at the state-level, still need to be officially approved by the supra-governmental body called the EU Council, are just about cleared to take effect next year. (The Council’s approval is more of a formality at this point, considering it already approved the text of the law last year.) This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . For many, MiCA represents a crucial step forward for the crypto industry. It’s the first major attempt to provide a comprehensive set of rules for crypto companies so they know in advance what they can and cannot do and where their responsibilities lie if they want to operate in the 27-nation strong trading bloc. The European Union hopes it sets the global standard (and, in some sense, is worried about MiCA’s effectiveness in the EU if similar rules are not adopted everywhere). CoinDesk has written a number of overviews of the legal framework. But. in short, MiCA requires crypto firms – like wallet providers and exchanges – to be licensed by the EU, and comply with money laundering and terrorism finance safeguards if they want to serve EU-based customers. Some have balked at the reporting standards, which will undoubtedly weaken privacy for crypto users in the name of customer safety and national security. Read the full story here : Important events 3:30 p.m. HKT/SGT(7:30 UTC) Germany S&P Global/BME Composite PMI (April) 4:30 p.m. HKT/SGT(8:30 UTC) United Kingdom S&P Global/CIPS Services PMI (April) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Retail Sales (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : EU Vote Finalizes Agreement on Landmark MiCA Regulation; Bitcoin Falls Again Lawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers joined the conversation. This came as bitcoin (BTC) fell for a second straight day, touching a 10-day low. Options Insights founder Imran Lakha shared his crypto markets analysis. And, Lukso co-founder Marjorie Hernandez discussed why the layer 1 blockchain for creative types is opening a smart contract that lets original validators participate in running the blockchain. Headlines NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows: According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales. Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield: The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm. Bitcoin\'s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say: The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average. DeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation: The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures. Tornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules: Alexey Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian crypto asset manager 3iQ linked its decline to U.S. regulatory woes and also noted that "market liquidity remains heavily tilted to Asia."\nInsights:With MiCA and a separate crypto-related rule, European legislators have built a promising, regulatory foundation for digital assets. U.S. efforts remain disjointed and counterproductive, CoinDesk columnist Daniel Kuhn writes in The Node.\nCoinDesk Market Index (CMI)\n1,231\n−17.2▼1.4%\nBitcoin (BTC)\n$28,113\n−777.4▼2.7%\nEthereum (ETH)\n$1,936\n−9.2▼0.5%\nS&P 500\n4,129.79\n−24.7▼0.6%\nGold\n$2,013\n+18.2▲0.9%\nNikkei 225\n28,657.57\n+50.8▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u221217.2\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,113", "\\u2212777.4\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,936", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,129.79", "\\u221224.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,013", "+18.2\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,657.57", "+50.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Decline Due to U.S. Regulatory Woes\nU.S. crypto regulatory woes have been weighing heavily on bitcoin.\nSo wrote Mark Connors, the head of research at Canadian crypto asset manager 3iQ, in a series of texts discussing BTC\'s stumble from what seemed safe heights above $30,000.\n"The Kabuki theatre that unfolded in Washington this week suggests Asia and other jurisdictions will continue to gain market share from the U.S., Connors wrote to CoinDesk, adding: "Coinbase’s decision to get licensed in Bermuda to launch an exchange as early as next week shows that U.S. digital asset companies are now voting with their feet. So this week we had both price and regulatory volatility, with only one clear loser, the U.S. economy."\nThe largest cryptocurrency by market capitalization was recently trading at about $28,100, down about 2.7% over the past 24 hours. But earlier on Thursday, bitcoin fell briefly to $27,991 on Coinbase, its lowest level since April 9. The decline continued a two-day slump that started early Wednesday amid a hot U.K. inflation report and massive sell-off on Binance. BTC is down about 10% from last week\'s high near $31,000 with investors more fretful than upbeat about crypto assets\' path forward.\nConnors noted that "market liquidity remains heavily tilted to Asia, so he was "not surprised to see bitcoin\'s downswing start as markets in that part of the world closed. "Remember, last May and June dislocations occurred in a similar window," he wrote.\nEther was recently changing hands at about $1,936, off a few fractions of a point and well off its recent, Shanghai upgrade highs above $2,100. Other major cryptos were largely in the red, mostly darker shades. XRP, the token of the XRP open-source public blockchain XRP Ledger, and ARB, the native crypto of the Arbitrum layer 2 blockchain, were both down more than 3.5%. TheCoinDesk Market Index, a measure of crypto markets overall performance, was recently down 1.3%.\nEquity markets fell, albeit not severely, with the tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, off 0.8% and 0.6%, respectively. Gold hovered comfortably over $2,000, suggesting that investor appetites for assets that hold their value in good times and bad remained strong.\nDespite encouraging first-quarter earnings from a number of major banks, investors remain warily watchful, given the decline of a number of important economic indicators that may foreshadow recession. Recent jobs data has indicated a fall-off in the torrid employment market, and on Thursday, the National Association of Realtors monthly report showed home prices registering their biggest decline since 2012 and mortgage rates rising.\nMeanwhile, Connors wrote that "more volatility" was likely in store, "but not the [year-to-date] ‘upside’ volatility we have seen so far in 2023."\n"We may be entering a period of consolidation as U.S. regulation dims hopes and prompts regulatory reboots by many players. Both are counteracting the long running and structural tailwinds for BTC" that the company highlighted in its 2023 outlook.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.3%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.0%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nWhy the EU Has MiCA and the U.S. Has Securities Law Confusion\nThe European Parliament went ahead and did it: Today, after years of deliberations and at least twoofficial delays, the landmark Markets in Crypto-Assets (MiCA) regulatory framework was voted in. European Union legislators also passed a separate crypto-related rule known as the Transfer of Funds regulation that imposes stronger surveillance and identification requirements for crypto operators, CoinDesk’sJack Schickler reported.\nThe rules were described as a"world first”by the European Commission\'s Mairead McGuinness, and also an “end of the Wild West era for crypto assets," according to Green Party lawmaker Ernest Urtasun. The laws, which will be enforced at the state-level, still need to be officially approved by the supra-governmental body called the EU Council, are just about cleared to take effect next year. (The Council’s approval is more of a formality at this point, considering it already approved the text of the law last year.)\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nFor many, MiCA represents a crucial step forward for the crypto industry. It’s the first major attempt to provide a comprehensive set of rules for crypto companies so they know in advance what they can and cannot do and where their responsibilities lie if they want to operate in the 27-nation strong trading bloc. The European Unionhopes it sets the global standard(and, in some sense, is worried about MiCA’s effectiveness in the EU if similar rules are not adopted everywhere).\nCoinDeskhaswrittena numberof overviewsof the legal framework. But. in short, MiCA requires crypto firms – like wallet providers and exchanges – to be licensed by the EU, and comply with money laundering and terrorism finance safeguards if they want to serve EU-based customers. Some have balked at the reporting standards, which will undoubtedly weaken privacy for crypto users in the name of customer safety and national security.\nRead the full storyhere:\n3:30 p.m. HKT/SGT(7:30 UTC)Germany S&P Global/BME Composite PMI (April)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMI (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEU Vote Finalizes Agreement on Landmark MiCA Regulation; Bitcoin Falls Again\nLawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers joined the conversation. This came as bitcoin (BTC) fell for a second straight day, touching a 10-day low. Options Insights founder Imran Lakha shared his crypto markets analysis. And, Lukso co-founder Marjorie Hernandez discussed why the layer 1 blockchain for creative types is opening a smart contract that lets original validators participate in running the blockchain.\nNFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows:According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales.\nCrypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield:The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.\nBitcoin\'s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say:The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.\nDeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation:The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures.\nTornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules:Alexey Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.', 'The stock market is healing andtrending in the right directionafter a miserable 2022. But the gains this year have not been even. Some sectors,such as pharmaceuticalsand retail, continue to struggle. Meanwhile, tech names are among the hottest stocks, and cryptocurrencies are red-hot as well.\nKnowing where to put capital to work in a market like this is important. This is especially true since the market recovery is likely to continue in fits and starts amid signs the economy is slowing. Corporate earnings are proving to be a mixed bag and more interest rate hikes are likely in the near term.\nThe names below are among the hottest stocks and cryptos on the market right now, having significantly outperformed the broader market so far this year.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"AMD": "ETH-USD", "Advanced Mirco Devices": "Ethereum", "$90.11": "$1,943.45"}, {"AMD": "PANW", "Advanced Mirco Devices": "Palo Alto Networks", "$90.11": "$192.27"}]\nSource: JHVEPhoto / Shutterstock.com\nSemiconductor stocksare making a big comeback this year. Within the sector,Advanced Micro Devices(NASDAQ:AMD) has been one of the best performers recently, rising 39% year to date and more than 57% over the past six months.\nInvestor sentiment toward AMD and other semiconductor and microchip manufacturers improved as global supply chain problems eased and as artificial intelligence (AI) has dominated headlineswith the advent of large language models such as ChatGPT. It is chips designed by AMD and others that are expected to power the development of AI technology. Additionally, AMD continues totake market sharefrom its chief rival,Intel(NASDAQ:INTC).\nOn Jan. 31, thecompany reportedbetter-than-expected Q4 revenue and earnings. This positive print stood in sharp contrast to the nightmarish results issued by Intel thatsent its shares spiraling. While AMD did warn of a 10% decline in year-over-year sales for this year’s first quarter, the company has a history of under-promising and over-delivering.\nSource: Filippo Ronca Cavalcanti / Shutterstock.com\nThe entire cryptocurrency sector has been red-hot this year. However, no crypto is hotter right now thanEthereum(ETH-USD). Coming off its recentShanghai hard fork, or “Shapella” upgrade, ETHran up past $2,000. While the token has given back some of those gains, it is still up nearly 7% so far this month and more than 60% this year.\nThe Shanghai hard fork allows people to access the cryptocurrency more easily, and analysts have said it could potentiallyunlock more than $30 billion of liquidityin Ethereum. The upgrade provides more liquidity by allowing investors to withdraw their staked assets quickly and efficiently.\nThe latest upgrade followsthe “Merge,”which occurred in September and made Ethereum the most energy-efficient cryptocurrency to validate. Some ETH bulls claim that it isonly a matter of timebefore it surpassesBitcoin(BTC-USD) in price.\nSource: Sundry Photography / Shutterstock.com\nShares of cybersecurity companyPalo Alto Networks(NASDAQ:PANW) have been on a run, gaining 38% so far this year. This includes the 12.5% boost the stock got after the company reported itslatest quarterly resultson Feb. 21. In fact, PANW stock has been galloping ahead since the company turned profitable last year, ending more than a decade of red ink.\nFor itsmost recently reported quarter, Palo Alto Networks announced earnings of $1.05 per share, which trounced analysts’ consensus forecast of 78 cents. Meanwhile, revenue rose 26% year over year to $1.7 billion. Management also issued strong guidance, saying it should achieve adjusted earnings per share of $3.97 to $4.03 for fiscal 2023.\nNot only does Palo Alto Networks continue to grow its customer base at a fast clip, but it is also growing through acquisitions,spending nearly $4 billionto purchase smaller cybersecurity firms.\nOn the date of publication, Joel Bagloledid not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nJoel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe postThe 3 Hottest Stocks and Cryptos on the Marketappeared first onInvestorPlace.', 'The stock market is healing and trending in the right direction after a miserable 2022. But the gains this year have not been even. Some sectors, such as pharmaceuticals and retail, continue to struggle. Meanwhile, tech names are among the hottest stocks, and cryptocurrencies are red-hot as well. Knowing where to put capital to work in a market like this is important. This is especially true since the market recovery is likely to continue in fits and starts amid signs the economy is slowing. Corporate earnings are proving to be a mixed bag and more interest rate hikes are likely in the near term. The names below are among the hottest stocks and cryptos on the market right now, having significantly outperformed the broader market so far this year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMD Advanced Mirco Devices $90.11 ETH-USD Ethereum $1,943.45 PANW Palo Alto Networks $192.27 Advanced Micro Devices (AMD) Sign of AMD office in Markham, Ontario, Canada. Advanced Micro Devices, Inc. is an American multinational semiconductor company. Source: JHVEPhoto / Shutterstock.com Semiconductor stocks are making a big comeback this year. Within the sector, Advanced Micro Devices (NASDAQ: AMD ) has been one of the best performers recently, rising 39% year to date and more than 57% over the past six months. Investor sentiment toward AMD and other semiconductor and microchip manufacturers improved as global supply chain problems eased and as artificial intelligence ( AI) has dominated headlines with the advent of large language models such as ChatGPT. It is chips designed by AMD and others that are expected to power the development of AI technology. Additionally, AMD continues to take market share from its chief rival, Intel (NASDAQ: INTC ). On Jan. 31, the company reported better-than-expected Q4 revenue and earnings. This positive print stood in sharp contrast to the nightmarish results issued by Intel that sent its shares spiraling . While AMD did warn of a 10% decline in year-over-year sales for this year’s first quarter, the company has a history of under-promising and over-delivering. Story continues Ethereum (ETH) A concept image of a virtual coin based on the Ethereum logo. Source: Filippo Ronca Cavalcanti / Shutterstock.com The entire cryptocurrency sector has been red-hot this year. However, no crypto is hotter right now than Ethereum ( ETH-USD ). Coming off its recent Shanghai hard fork , or “Shapella” upgrade, ETH ran up past $2,000 . While the token has given back some of those gains, it is still up nearly 7% so far this month and more than 60% this year. The Shanghai hard fork allows people to access the cryptocurrency more easily, and analysts have said it could potentially unlock more than $30 billion of liquidity in Ethereum. The upgrade provides more liquidity by allowing investors to withdraw their staked assets quickly and efficiently. The latest upgrade follows the “Merge,” which occurred in September and made Ethereum the most energy-efficient cryptocurrency to validate. Some ETH bulls claim that it is only a matter of time before it surpasses Bitcoin ( BTC-USD ) in price. Palo Alto Networks (PANW) Palo Alto Networks (PANW) logo on corporate building Source: Sundry Photography / Shutterstock.com Shares of cybersecurity company Palo Alto Networks (NASDAQ: PANW ) have been on a run, gaining 38% so far this year. This includes the 12.5% boost the stock got after the company reported its latest quarterly results on Feb. 21. In fact, PANW stock has been galloping ahead since the company turned profitable last year, ending more than a decade of red ink. For its most recently reported quarter , Palo Alto Networks announced earnings of $1.05 per share, which trounced analysts’ consensus forecast of 78 cents. Meanwhile, revenue rose 26% year over year to $1.7 billion. Management also issued strong guidance, saying it should achieve adjusted earnings per share of $3.97 to $4.03 for fiscal 2023. Not only does Palo Alto Networks continue to grow its customer base at a fast clip, but it is also growing through acquisitions, spending nearly $4 billion to purchase smaller cybersecurity firms. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Wall Street Titan: Here’s My #1 Stock for 2023 It doesn’t matter if you have $500 or $5 million. Do this now. The post The 3 Hottest Stocks and Cryptos on the Market appeared first on InvestorPlace .', 'Despite concerns over Bitcoin mining’s energy consumption, Bitcoin mining has the potential to be a net positive for humanity’s relationship with energy and sustainability. This can be achieved by the mining industry using intermittent, stranded and waste power sources and subsidizing sustainable energy. A less-explored opportunity is to collect and redirect the excess heat generated by Bitcoin mining for other heating needs. This Earth Day, let us consider how Bitcoin mining can not only help our planet and improve humanity’s relationship with energy by serving as a buyer of zero-carbon energy, but it can also serve as a producer of recyclable and reusable energy.\nMany of Bitcoin’s critics are understandably worried about Bitcoin’s rising energy consumption.\xa0TheCambridge Bitcoin Electricity Consumption Indexindicates that Bitcoin’s electricity consumption has only ever gone up since the digital asset’s inception. Similarly,Bitcoin’s greenhouse gas emissions— although there have been ups and downs — have also grown over time.\nBut Bitcoin’s energy consumption is not the whole story.\nBitcoin mining produces a lot of heat, and harnessing and redirecting that excess heat is not just a theoretical possibility. In fact,there are already plans for a Canadian cityto be heated by Bitcoin miners. An energy provider, Lonsdale Energy Corporation, and MintGreen, a Bitcoin mining company, are partnering up to provide at least some of the heat demanded by the residents of North Vancouver.\nMintGreen will recycle about 20,000 tons of toxic gas per megawatt that would have otherwise entered the atmosphere and contributed to global warming. Instead, this liability of toxic emissions will be turned into an asset: Over 95% of the energy that the miners initially consume will be converted into thermal energy that will be used to heat several buildings. Since Bitcoin miners can run continuously, and because there will almost certainly always be a supply of Bitcoin miners available, the city will be able to rely on their excess heat during any month of any year.\nThis endeavor is not a pie-in-the-sky dream. MintGreenhad already made dealswith the Vancouver Island Sea Salt facility and Shelter Point Distillery to sell them heat during frigid Canadian winters.\nBitcoin mining’s versatility also allows its excess heat to be used for recreational ends. For example, it costs between US$2,000 and US$5,000 to heat a typical swimming pool. Bitcoin mining can turn this money sink and associated energy consumption into a zero-cost endeavor. All you have to do is connect your Bitcoin mining machine to your pool’s water pump. You simultaneously earn the hardest asset ever created andheat your poolat no additional charge.\nWhile heating a swimming pool is an amusing application, Bitcoin miners’ excess heat has more profound use cases for humanity. Companies are already collaborating with researchers to create greenhouses that are heated by Bitcoin mining.\nIn the Netherlands, the heat from Bitcoin mining is warming a greenhouse for tulips and cutting the flower farmers’ reliance on gas, which has become more expensive since Russia’s war on Ukraine.In Sweden, another mining company’s 600-kilowatt ASIC machines’ heat is directed toward warming a 300-square-meter greenhouse in which fruit and vegetables are grown. The miners are embedded in a data center container, which is fitted with an air duct apparatus that draws heat from the ASICs and sends it to the greenhouse. In theory, this would keep the greenhouse at 77 degrees Fahrenheit continuously. Considering that the temperature of the area drops to minus 22 degrees Fahrenheit in wintertime, the potential savings on heat costs and use are significant.\nJust as Bitcoin mining can make good use of intermittent, stranded and waste energy sources, recycling and reusing miners’ waste heat can potentially increase the profitability and sustainability of indoor farming and food production. As one researchersaid, “A 1 [megawatt] data center would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market.”\nNot everyone is excited about Bitcoin miners’ heat, especially those who suffer from its unintended consequences. For example, residents near Seneca Lake in upstate New York have complained that a nearby power plant’s collaboration with over 8,000 miners has caused their lake to “feel like you’re in a hot tub.”\nThe power plant takes in 139 million gallons of water from the lake and gives back 135 million gallons every day. The water that is recycled back into the lake gets up to 108 degrees Fahrenheit in the summer. To be sure, solutions can in principle be found, but we must nevertheless admit that sometimes miners’ heat can affect a community’s environment in ways that people do not enjoy.\nAside from Bitcoin mininghelping subsidize renewable energy, our ability to harness and direct its excess heat is yet another way that Bitcoin can help combat climate change. Less than a decade ago, Imperial College London estimated that heating residential and commercial buildings accounted foralmost halfof all energy consumption and 40% of all energy-related carbon dioxide emissions. If all of this heat could be provided by carbon-neutral sources, it could be the most revolutionary impact on climate change in a generation.\nOn the face of it, replacing carbon-emitting heat sources with the excess heat of Bitcoin miners may not make enough of a difference. After all, if Bitcoin miners are themselves fueled by carbon-intensive fuel sources, then heating one’s home with miners’ excess heat does not necessarily reduce enough emissions for us to meet our climate goals.\nBut Bitcoin miners are unique in their ability to render viable renewable energy sources that would have not been profitable in the miners’ absence. Heating commercial and residential buildings with miners’ excess heat really could help put a dent in humanity’s carbon emissions — provided that the miners themselves are powered by, say, solar energy.\nWe have already seen that heating buildings and powering indoor farms with Bitcoin miners’ excess heat is not a pipe dream but a reality. It may not be a big leap to imagine what a difference it could make on our planet if Bitcoin miners could themselves be fueled entirely by carbon-neutral sources.', 'Despite concerns over Bitcoin mining’s energy consumption, Bitcoin mining has the potential to be a net positive for humanity’s relationship with energy and sustainability. This can be achieved by the mining industry using intermittent, stranded and waste power sources and subsidizing sustainable energy. A less-explored opportunity is to collect and redirect the excess heat generated by Bitcoin mining for other heating needs. This Earth Day, let us consider how Bitcoin mining can not only help our planet and improve humanity’s relationship with energy by serving as a buyer of zero-carbon energy, but it can also serve as a producer of recyclable and reusable energy.\nMany of Bitcoin’s critics are understandably worried about Bitcoin’s rising energy consumption.\xa0TheCambridge Bitcoin Electricity Consumption Indexindicates that Bitcoin’s electricity consumption has only ever gone up since the digital asset’s inception. Similarly,Bitcoin’s greenhouse gas emissions— although there have been ups and downs — have also grown over time.\nBut Bitcoin’s energy consumption is not the whole story.\nBitcoin mining produces a lot of heat, and harnessing and redirecting that excess heat is not just a theoretical possibility. In fact,there are already plans for a Canadian cityto be heated by Bitcoin miners. An energy provider, Lonsdale Energy Corporation, and MintGreen, a Bitcoin mining company, are partnering up to provide at least some of the heat demanded by the residents of North Vancouver.\nMintGreen will recycle about 20,000 tons of toxic gas per megawatt that would have otherwise entered the atmosphere and contributed to global warming. Instead, this liability of toxic emissions will be turned into an asset: Over 95% of the energy that the miners initially consume will be converted into thermal energy that will be used to heat several buildings. Since Bitcoin miners can run continuously, and because there will almost certainly always be a supply of Bitcoin miners available, the city will be able to rely on their excess heat during any month of any year.\nThis endeavor is not a pie-in-the-sky dream. MintGreenhad already made dealswith the Vancouver Island Sea Salt facility and Shelter Point Distillery to sell them heat during frigid Canadian winters.\nBitcoin mining’s versatility also allows its excess heat to be used for recreational ends. For example, it costs between US$2,000 and US$5,000 to heat a typical swimming pool. Bitcoin mining can turn this money sink and associated energy consumption into a zero-cost endeavor. All you have to do is connect your Bitcoin mining machine to your pool’s water pump. You simultaneously earn the hardest asset ever created andheat your poolat no additional charge.\nWhile heating a swimming pool is an amusing application, Bitcoin miners’ excess heat has more profound use cases for humanity. Companies are already collaborating with researchers to create greenhouses that are heated by Bitcoin mining.\nIn the Netherlands, the heat from Bitcoin mining is warming a greenhouse for tulips and cutting the flower farmers’ reliance on gas, which has become more expensive since Russia’s war on Ukraine.In Sweden, another mining company’s 600-kilowatt ASIC machines’ heat is directed toward warming a 300-square-meter greenhouse in which fruit and vegetables are grown. The miners are embedded in a data center container, which is fitted with an air duct apparatus that draws heat from the ASICs and sends it to the greenhouse. In theory, this would keep the greenhouse at 77 degrees Fahrenheit continuously. Considering that the temperature of the area drops to minus 22 degrees Fahrenheit in wintertime, the potential savings on heat costs and use are significant.\nJust as Bitcoin mining can make good use of intermittent, stranded and waste energy sources, recycling and reusing miners’ waste heat can potentially increase the profitability and sustainability of indoor farming and food production. As one researchersaid, “A 1 [megawatt] data center would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market.”\nNot everyone is excited about Bitcoin miners’ heat, especially those who suffer from its unintended consequences. For example, residents near Seneca Lake in upstate New York have complained that a nearby power plant’s collaboration with over 8,000 miners has caused their lake to “feel like you’re in a hot tub.”\nThe power plant takes in 139 million gallons of water from the lake and gives back 135 million gallons every day. The water that is recycled back into the lake gets up to 108 degrees Fahrenheit in the summer. To be sure, solutions can in principle be found, but we must nevertheless admit that sometimes miners’ heat can affect a community’s environment in ways that people do not enjoy.\nAside from Bitcoin mininghelping subsidize renewable energy, our ability to harness and direct its excess heat is yet another way that Bitcoin can help combat climate change. Less than a decade ago, Imperial College London estimated that heating residential and commercial buildings accounted foralmost halfof all energy consumption and 40% of all energy-related carbon dioxide emissions. If all of this heat could be provided by carbon-neutral sources, it could be the most revolutionary impact on climate change in a generation.\nOn the face of it, replacing carbon-emitting heat sources with the excess heat of Bitcoin miners may not make enough of a difference. After all, if Bitcoin miners are themselves fueled by carbon-intensive fuel sources, then heating one’s home with miners’ excess heat does not necessarily reduce enough emissions for us to meet our climate goals.\nBut Bitcoin miners are unique in their ability to render viable renewable energy sources that would have not been profitable in the miners’ absence. Heating commercial and residential buildings with miners’ excess heat really could help put a dent in humanity’s carbon emissions — provided that the miners themselves are powered by, say, solar energy.\nWe have already seen that heating buildings and powering indoor farms with Bitcoin miners’ excess heat is not a pipe dream but a reality. It may not be a big leap to imagine what a difference it could make on our planet if Bitcoin miners could themselves be fueled entirely by carbon-neutral sources.', 'Despite concerns over Bitcoin mining\x92s energy consumption, Bitcoin mining has the potential to be a net positive for humanity\x92s relationship with energy and sustainability. This can be ach Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $542,731,572,594 - Hash Rate: 351118490.9644334 - Transaction Count: 352218.0 - Unique Addresses: 771581.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Marathon Digital Holdings, Inc. FORT LAUDERDALE, Fla., March 31, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company") , a leader in supporting and securing the Bitcoin ecosystem, announced that Chief Financial Officer Hugh Gallagher has informed the Company that he intends to retire effective May 12, 2023. The Company has initiated an external search for a new Chief Financial Officer. “I joined Marathon to support the organization through its large expansion plans and to help build the Company’s finance team,” said Hugh Gallagher. “With hash rate growing and becoming more stable and with the team now in a stronger position, I made the decision to retire. I am proud of the progress we made during my tenure, especially given the various challenges the team overcame in 2022. I would like to thank Fred and the board for the opportunity and for their support, and I wish the entire Marathon team continued success.” Fred Thiel, Marathon’s chairman and CEO, commented, “Hugh played an instrumental role in developing our finance strategy, building our finance team, and helping us transition from an early-stage company into a more sophisticated organization. We are grateful for his contributions and for the strong foundation he helped lay. On behalf of the entire team at Marathon, I would like to thank Hugh for his service to the Company. He has been a valuable asset, and we wish him well in his retirement. With the external search for a new CFO already in progress, we look forward to continuing to build the team at Marathon and establishing the Company as a leader in the Bitcoin mining industry.” Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the SEC on March 16, 2023. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of March 2023. See "Forward-Looking Statements" below. Story continues Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The Company is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America. Marathon Digital Holdings Company Contact: Telephone: 800-804-1690 Email: [email protected]... - Reddit Posts (Sample): [['u/Curious-Phi', 'Cathie Wood projects $2000 per share for TSLA and $1Million for BTC.', 42, '2023-04-21 02:29', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/', 'Where will this money me from?', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/', '12tkihp', [['u/radoslaf', 17, '2023-04-21 03:35', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/jh3amti/', 'Her spider senses can only rival Cramer', '12tkihp'], ['u/VegasVator', 15, '2023-04-21 05:05', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/jh3ltfc/', "I'm projecting TSLA to $420 per share and 69million for BTC. Who cares what Cathie Woods or I fart out our mouths.", '12tkihp'], ['u/SnooWoofers7345', 12, '2023-04-21 07:23', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/jh3zxhs/', 'Everyone loved her 2019/2020. Its easy to hate on bulls in a bear market.', '12tkihp']]], ['u/Sylerb', "During market dips, you shouldn't be paying alts that dump, but those that are still hoding up against btc", 12, '2023-04-21 04:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/', 'Many people in the space like to brag about buying the market dips, or buying X coin at 30% or more discount as if this is a supermarket lol. I get that sometimes these are mere jokes, but I would like to explain it to newbies who might get fooled by it.\n\nBasically, whenever btc dips( like it is doing now), you should buy alts that show strength relative to btc and don\'t dip as hard as other alts do, because those alts are the ones that are going to pump the hardest after that dip, unless their fundamentals go wrong( which is a risk you are taking by investing in any alt anyways).\n\nYou can compare the alt performance by using the alt/btc chart on TradingView or Coinmarketcap.. \n\nNow to explain why: first, that alt didn\'t dip as hard because its holders aren\'t willing to sell, which is already a good sign because it shows the strength of the alt\'s community. Second, it can mean that the alt has so much buy pressure for that alt that it outperforms btc and its dominance, which again is a bullish sign.\n\n Finally, crypto investors (or at least the not-so-degen ones) will buy that alt that is holding up against btc because they agree with this perspective, or simply because they see that alt as a safer coin to hold than the other alts given that it didn\'t crash as much. \n\nAs always, this is not financial advice.\n\nEdit: sorry for the typos in the title, I meant "buying alts" and "holding up".', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/', '12tmzhs', [['u/stupidcupid112', 10, '2023-04-21 04:11', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/jh3fcfr/', 'You forgot "This is not Financial Advice"', '12tmzhs'], ['u/FattestLion', 14, '2023-04-21 04:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/jh3h8bw/', "during market dips it's okay to buy alts. During the market crashes you should probably buy BTC and ETH first, then when those rally significantly start to rotate your BTC and ETH into alts.\n\n\n\nI did not do this btw I yolo-ed into crashing alts in 2022 so I got rekt. Do as I say don't do as I do lol", '12tmzhs']]], ['u/shiningdialga13', 'My (probably crackpot) thought of a "non-crash" outcome for crypto', 13, '2023-04-21 04:40', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/', 'Not sure why this came to mind today, but as I\'ve been watching this whole Tether-Buttcoin spiral go on, I was thinking... Maybe this doesn\'t end in a spectacular crash. \n\nIf the USA, EU and other major countries crack down on stablecoins, they\'ll just move their operations to Russia and other sanction-dodging countries that would love a way to launder money. And them Tether just keeps minting and buying majority of BTC, keeps wash trading and keeps the price artificially high. Line keeps going up, but it doesn\'t even matter because there\'s no way to cash out and the only people left are the criminals and the delusional "hodlrs" hoping they\'ll have their Lambo someday. A self-contained crypto hell that becomes irrelevant to the rest of the world.\n\nThought in this? It seems logical to me but I don\'t know enough to say whether it\'s realistic or not.', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/', '12tntt5', [['u/robot_slave', 36, '2023-04-21 05:02', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/jh3lgjp/', "Real money has to keep exiting the system, to keep the miners' lights on.\n\nWhich means real money has to keep entering the system, too-- a bit-coin/tether merry-go-round isn't enough.\n\nThe miners need the money-launderers and ransomware victims to supply new real money, and they all need broker/dealers and exchanges to trade real money for tokens.", '12tntt5'], ['u/DKMuppy', 12, '2023-04-21 05:03', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/jh3lmzo/', "That's the million dollar question: will BTC experience a sudden death or a slow death. It's very possible that the Ponzi could last years before folks start trying to cash in on their BTC. Just look at Bernie Madoff.\n\nI'm convinced that it's going to be corporate greed by Tether or Binance that will push the bubble too far and catalyze a collapse. If you're Tether there is absolutely no incentive to stop printing endless amounts of money for yourself when there's no regulation or oversight to stop you. They've already printed $80 billion dollars, would not be surprised if they break $100 billion by the beginning of fall. It's just too profitable.", '12tntt5'], ['u/MammothReputation633', 10, '2023-04-21 10:05', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/jh4c2b6/', 'That’s a very clean way of looking at things. The miners are being paid to provide a service to the money launderers, who are will to put money into the system because it supports their profitable criminal enterprises. Everyone else is just a day trader being tricked to put money into the system but with no benefit coming in return.', '12tntt5']]], ['u/Potential-Coat-7233', 'Bitcoin by the math', 70, '2023-04-21 05:16', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/', 'The turning point for me in regards to crypto was when I heard Bitcoin could only handle 7 transactions per second. Yes there is lightning network, but the 7 tps is a major problem.\n\nIf you do the math, 7 transactions per second times 60 (seconds in a minute) times 60 (minutes in an hour) times 24 (hours in a day) times 365 days in a year, you get 220 million transactions in a year.\n\nThis may seem like a lot, but that number means if mass adoption happens, and 500 million people have Bitcoin, less than half of those people can have a transaction in a year.\n\nLightning doesn’t even truly solve this, since to open a lightning channel (and close it) you need a transaction. So again, if 500 million have bitcoin, only half of them can open or close a channel in a year.\n\nIt’s just so shitty.', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/', '12tookv', [['u/robot_slave', 59, '2023-04-21 05:22', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3nutq/', "Pretty well-known math, on this message-board at least. A reminder doesn't hurt, I suppose.", '12tookv'], ['u/iStayedAtaHolidayInn', 31, '2023-04-21 05:46', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3qh9r/', 'Few', '12tookv'], ['u/stormdelta', 45, '2023-04-21 06:15', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3tffl/', "In addition, any transactions made through a Lightning channel aren't actually settled until the channel is closed - which requires _another_ bitcoin transaction.\n\nAlso, net liquidity is limited to what you committed when opening the channel.", '12tookv'], ['u/NextRecipe', 49, '2023-04-21 06:24', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3ue6a/', 'transactions', '12tookv'], ['u/dmis4dungeonmaster', 24, '2023-04-21 07:29', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh40etd/', 'For BTC itself, there are hundreds of Miners attempting to verify the same transaction - and there’s only one winner in that race, so the energy spent attempting to verify a single transaction is lost.', '12tookv'], ['u/Legal-Mammoth-8601', 19, '2023-04-21 09:21', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh492o2/', "More math: Operating the bitcoin network is very expensive. How expensive? A single bitcoin transaction costs $44.64.\n\n(1 block / 10 minutes) x (6.25 bitcoin / 1 block [miner payout]) x ($30,000 / 1 bitcoin) x (1 min / 60 sec) x (1 sec / 7 transactions) = $44.64/transaction\n\nThis is $27 million / day, or $9.9 billion / year, which is pretty close to visa's operating expenses of $11 billion / year.", '12tookv'], ['u/viking_nomad', 15, '2023-04-21 10:07', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4c6xo/', 'Indeed. I support everyone who does their own [math]', '12tookv'], ['u/Schnitzel-1', 10, '2023-04-21 10:15', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4cpg3/', 'So the point is to store it until it moons and then sell it. Or am I missing a point here? You just hope there are enough people that buy it after you bought it so the value increases and then you want to sell it at a profit. Could also call it a pyramid scheme.', '12tookv'], ['u/Schnitzel-1', 10, '2023-04-21 10:16', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4cruk/', 'But isn’t it always recommended to self custody your BTC? Isn’t this what everyone preaches? „Not your wallet not your coins“?', '12tookv'], ['u/yashg', 18, '2023-04-21 11:29', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4hl1i/', 'As a programmer I know that a transaction is just an additional row of records in a table and inserting it costs almost nothing in terms of incremental cost or processing power. Millions of transactions take place around the world every second and those entries are getting added to time tested database systems at the speed of light. When I read the Bitcoin whitepaper and understood the concept of proof of work, the enormous waste of computing power and electricity dawned on me. In order to make the system decentralized and to get away with a trusted middleman who would otherwise store the transactions in a good old database, the Bitcoin network wastes precious computing cycles to bestow the right of verifying the transaction and adding a new block to the chain. It can never scale. The inefficiency is a feature, not a bug. Whoever wrote that paper were brilliant programmers for sure, but were really bad at economics and psychology.', '12tookv'], ['u/amakai', 15, '2023-04-21 15:50', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh5759t/', "You could argue that the energy is not lost, but encompassed in a different form inside of Bitcoin itself...\n\nNah, not really, that's stupid as hell.", '12tookv']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 21, 2023', 29, '2023-04-21 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/', '12tpnrs', [['u/S28E01_The_Sequel', 12, '2023-04-21 06:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh3tf9f/', 'Always errie when things like weekly rsi closing at overbought right at point we hit 100% gains off bottom... both of which historically had a tendency to create corrections pre-bull year.', '12tpnrs'], ['u/wrylark', 13, '2023-04-21 08:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh45s4j/', 'the spice must flow', '12tpnrs'], ['u/PatientlyWaitingfy', 11, '2023-04-21 08:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh47dns/', 'Guys,\n\n[Profit taken at 27861 on short from 29122](https://www.reddit.com/r/BitcoinMarkets/comments/12h6el6/comment/jfqp4l0/?utm_source=share&utm_medium=web2x&context=3)\n\nEdit: Next TP is at 26161', '12tpnrs'], ['u/ouijah-', 11, '2023-04-21 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4es07/', "Only a couple months ago we went from 25k to 20k. So long-term this shouldn't concern even the new. Theoretically there should be resistance here. But I have a leveraged long set @24k - if it doesn't hit I'll be happy.", '12tpnrs'], ['u/LuckyNumber-Bot', 12, '2023-04-21 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4esgw/', 'All the numbers in your comment added up to 69. Congrats!\n\n 25\n + 20\n + 24\n = 69\n\n^([Click here](https://www.reddit.com/message/compose?to=LuckyNumber-Bot&subject=Stalk%20Me%20Pls&message=%2Fstalkme) to have me scan all your future comments.) \\\n^(Summon me on specific comments with u/LuckyNumber-Bot.)', '12tpnrs'], ['u/PatientlyWaitingfy', 11, '2023-04-21 11:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4hu4b/', "100x is too risky, don't make it a regular thing....", '12tpnrs'], ['u/[deleted]', 14, '2023-04-21 11:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4in59/', 'Nice', '12tpnrs'], ['u/diydude2', 12, '2023-04-21 13:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4p1mv/', 'Seeing that hump-hump down pattern has spooked me. Jumping out of my long from 28.2K and taking the "L" on this one.\n\nWe\'re going down with the stonk market for a while. Tempted to short...', '12tpnrs'], ['u/thewardser', 10, '2023-04-21 15:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh530kv/', "seem to have survived the night so far, but with this non-stop drilling on the 12H just means i'll get stopped out 15 minutes from now when the market opens or if it opens green, 45 minutes from now when it reverses around 10ish. \n\nlooking back, if I would have continued shorting for just 1 more trade, I would have had a short position from the very top.", '12tpnrs'], ['u/RetardIdiotTrader', 11, '2023-04-21 17:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh5oele/', 'Why do you delete all your past comments', '12tpnrs'], ['u/PatientlyWaitingfy', 11, '2023-04-21 17:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh5ok9t/', 'This dip is barely visible on the monthly', '12tpnrs'], ['u/thewardser', 10, '2023-04-21 19:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh61y5v/', 'stopped out again, relonged $27,910...stop loss $27,799', '12tpnrs'], ['u/thewardser', 15, '2023-04-21 20:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6e9ks/', "actually it is, you get oversold, people start thinking it can't go any lower, start buying and you bounce.\n\nwe are currently sitting at 7 red 12 hour candles in a row.\n\nlast time we had 7 red 12 hour candles in a row was when we dipped to $19.5K...know what happened next? the pump to $31K\n\nthe time before that? was when we found our bottom of this bear cycle at $15,588 after 9 red 12 hour candles, followed by an instant bounce to $18.5K", '12tpnrs'], ['u/thewardser', 18, '2023-04-21 21:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6j0ej/', "gotta stick with it, the moment I don't is when the bottom is found and I get left behind", '12tpnrs'], ['u/Grathmoualdo', 13, '2023-04-21 21:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6j5yy/', "Sincerely hope u/thewardser keep posting his stopped trades, it's the only thing that keeps me getting back here.", '12tpnrs'], ['u/cryptojimmy8', 20, '2023-04-21 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6k4mz/', 'Took three weeks to break 28k upwards. Breaks it downwards on first attempt. Weakest shit ever', '12tpnrs'], ['u/AccidentalArbitrage', 12, '2023-04-21 21:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6mae9/', "If you don't like people actually posting their trades, this may not be the sub for you, since that is the entire point.", '12tpnrs'], ['u/PatientlyWaitingfy', 15, '2023-04-21 22:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6q7lr/', "I'm not going to lie, I kind of didn't think I would profit on my short, seemed like I was shorting the most bullish thing ever. This subs death cross indicator worked out again, both /u/xtal_00 and /u/thewardser were long at 30k.\n\nEdit: Or should I say, to specify the death cross even more, its when they are both long at a local top, after a continued up move.", '12tpnrs'], ['u/DaBrokenMeta', 11, '2023-04-21 23:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh771vo/', "This is going to be a great year friends! 40Ks WILL COME!\n\nJust don't get liqued on the way down! Play safe!! We will rise again <3", '12tpnrs']]], ['u/DropWatcher', 'Drop Watch: April 21st, 2023', 114, '2023-04-21 06:02', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/', "#LPs\n\n- [NBA Youngboy - Don't Try This At Home](https://music.apple.com/us/album/dont-try-this-at-home/1680836228) (w Nicki Minaj, Post Malone, The Kid LAROI & Mariah the Scientist) *[Melodic Trap, Baton Rogue, Motown]\n- [iann dior - leave me where you find me](https://open.spotify.com/album/5ErAWZUiPinYqoryslUsFy) [Pop Rap, Internet Money/10K]\n- [Lele Pons (🇻🇪) & Guaynaa (🇵🇷) - Capitulaciones](https://open.spotify.com/album/3S4DjtnPJlQVD2ChDjF3xx) [Latin Rap, Interscope]\n- [Agust D (🇰🇷) - D-DAY](https://open.spotify.com/album/446ROKmKfpEwkbi2SjELVX) (w Ryuichi Sakamoto, j-hope + more) [Korean Hip Hop, BTS, BIGHIT]\n- [Lloyd Banks - The Course Of The Inevitable 3: Pieces Of My Pain](https://music.apple.com/us/album/the-course-of-the-inevitable-3-pieces-of-my-pain/1681008280) (w Method Man, Vado, Dave East, Cormega, Tony Yayo & 38 Spesh) [NY Street Rap, EMPIRE]\n- [L.A.X (🇳🇬) - No Bad Vibes](https://open.spotify.com/album/7Isz78RyCrtTdtVBexTV0E) (w Black Sherif, Ayra Starr + more) [Afrobeats, EMPIRE]\n- [Dreamer Isioma - Princess Forever](https://open.spotify.com/album/24nQZEr8mncYgewoIVbCHR) (w redveil, Merlyn Wood & Dante Swan) [R&B, AWAL]\n- [Genio (🇵🇷) - Astros](https://open.spotify.com/album/0ABNkRjooiKfK9ZNgWrCK0) (w Arcángel, De La Ghetto + more) [Latin Rap, ONErpm]\n- [Heembeezy - Really Heem Vol. 1](https://open.spotify.com/album/4sFdGkmUXuXOymHV4aWtKK) (w Blueface, Cash Kidd, AzChike, Bravo the Bagcasher, 1TakeJay + more) [West Coast Hip Hop]\n- [Krayzie Bone - Quickfix: Level 3: Level Up](https://open.spotify.com/album/05bLCzLoRfPgSMUPLr0egc) [Midwest Hip Hop]\n- [Girlhood (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - The Lowdown](https://open.spotify.com/album/6Dw27aR49vN78UE9C5pPlf) [R&B, AntiFragile]\n- [Zombie Juice - Love Without Conditions](https://open.spotify.com/album/3pKvcDR1KlZ2uxRDVegJej) (w Devin the Dude, Curren$y, The Underachievers + more) [East Coast Hip Hop, Blog Rap, Terp World]\n- [Saviii the 3rd - 3 Against the World](https://open.spotify.com/album/46aXVfmhhDg0xy5Ulv6HhB) (w Ray Vaughn) [L.A. Trap, All For Gwap]\n- [1100 Himself - 1300 My Cousin](https://open.spotify.com/album/14TZrWzVuBaQvanqDNVXF3) [Oakland Trap, Thizzler]\n- [StanWill - Still $hittin'](https://open.spotify.com/album/1MfoNrMWNSyiOguMWaE7wa) (w BabyTron, Allstar JR, Certified Trapper, Babyfxce E + more) [Michigan Trap, The Hip Hop Lab]\n- [Fendi P - Sumin' To Smoke To](https://open.spotify.com/album/4GnaPb1HM65id21Z4GPokQ) (w Curren$y) [Southern Hip Hop, Jet Life]\n- [PG RA - EASTER P](https://open.spotify.com/album/7fnQYegVChtjhV2pZhpQdr) [DMV Trap, A1K]\n- [Fulcrum - All At Once](https://open.spotify.com/album/5STcnfECKEuNxMHvZYMvIt) [Youtuber Rap]\n- [Bensoul (🇰🇪) - The Lion of Sudah](https://open.spotify.com/album/4sx5OcEfV3O6BLmKF3FV1h) [R&B, Sol]\n- [Mac J - BlackTop Baby](https://open.spotify.com/album/5gX2vbP9rDmmpOIDVdjB5e) (w Young Slo-Be) [Sacramento Trap]\n- [Trent the HOLLiGAN - ALLGASNOBRAKEZ!](https://open.spotify.com/album/1L5443W7z7PRMLuhgdjy1t) (w Kembe X, Deniro Farrar + more) [Southern Hip Hop]\n- [Falcon Outlaw (🇨🇦) & Daniel Son (🇨🇦)- The Tzu Keepers](https://music.apple.com/us/album/the-tzu-keepers/1679870803) [Underground Rap, High Heat]\n- [EBK Juvie Ju - Crooked Lifestyle](https://open.spotify.com/album/5C5fZRgwMeQfwDdDxfggSH) [Stockton Trap, Thizzler]\n- [MarijuanaXO - Unc XO](https://open.spotify.com/album/3Ed1tSWQvz6YR71Lk04mP1) [Milwaukee Trap]\n- [Fuego Base - Biggest Since Camby](https://open.spotify.com/album/48viv6Wkvth3On3NaT4wrJ) (w Benny the Butcher & BSF, Sheek Louch, 38 Spesh, Elcamino, OT the Real, Uncle Murda + more) [East Coast Rap, BSF]\n- [Realio Sparkzwell & Tone Spliff - Gunz From Italy](https://tonespliff.bandcamp.com/album/gunz-from-italy) (w Copywrite) [Boom Bap]\n- [M-Dot - egO anD The eneMy 2: A Dissolute Paradise](https://m-dotboston.bandcamp.com/album/ego-and-the-enemy-2-a-dissolute-paradise) (w Apollo Brown, Willie the Kid, Vast Aire, Pete Rock, 88-Keys, Black Milk + more) [Boom Bap]\n- [Miir & B'lon - 4 The Streets](https://open.spotify.com/album/1Hq0qZvjXppey43CZpXpni) (w EBK BCKDOE, ZayBang, Lil Bean, 1100 Himself, Mitchell, AzChike + more) [Bay Area Trap, Thizzler]\n- [Maze Overlay & Wahr Season - The Shooters Galleria](https://mazeoverlay.bandcamp.com/album/the-shooters-galleria) (w Mickey Diamond, Asun Eastwood, Daniel Son + more) [Underground Hip Hop, Arizona]\n- [JaeFrmJerz & Lobstertrapper - BUSY DIGITAL](https://open.spotify.com/album/6YfdgiI09Fe0myhn9JMrv5) (w GRiMM DOZA + more) [Plugg]\n\n#Deluxe\n\n- [NLE Choppa - Cottonwood 2](https://open.spotify.com/album/4spYrouecTNb3gdelEM5kc) (w Russ Millions, Fridayy, ArrDee, Sexy Redd & Gino 2x) [Memphis Trap, Warner]\n- [Luh Tyler & DJ Frisco954 - My Vision: Fast](https://open.spotify.com/album/4omD3UxmlbpOpNLuj5SvIE) [Florida Trap, Atlantic]\n- [DRAM - What Had Happened Was…](https://open.spotify.com/album/3zfBRt5rWmUm8ZCdZ4aDlD) (w Snoop Dogg, CEO Trayle + more) [R&B]\n- [Bun B & Statik Selektah - Trillstatik 2: the 420 Deluxe](https://open.spotify.com/album/0t7r5y3X5EaEivsIvMbRxF?si=sh_Ep_b_RhqjOHTs_lYzGw) (w Propain & Haile Supreme) [Southern Hip Hop, Showoff]\n- [Jdot Breezy - DON'T FWM LATER](https://open.spotify.com/album/33yIPA0HFRITxXlYzjIhwq) [Florida Trap, Hitmaker/Blac Noize!]\n- [Bob Vylan (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - The Price of Life](https://open.spotify.com/album/4NkxcNe3Elw63yX54eDtU5) [UK Rap, GHOST THEATRE]\n- [Hotboy Wes - Left For Dead, Vol. 1](https://open.spotify.com/album/7IMfrbrTDMcyadk64e5Se1) (w BigXthaPlug, Mac Critter & BigWalkDog) [Trap, 1017/Atlantic]\n\n\n\n#EPs\n\n- [redveil - playing w/ fire](https://music.apple.com/us/album/playing-w-fire-ep/1680580771) (w JPEGMAFIA) [Indie Hip Hop]\n- [Peezy - GHETTO](https://music.apple.com/us/album/ghetto/1681987427) (w Kash Doll) [Michigan Trap, #Boyz]\n- [YunTrivv & Rob Vicious - Adventures Wit Da Squad](https://open.spotify.com/album/7rcl8vP12Wzoe5Oarpy0fc) [West Coast Trap]\n- [Matt Ox & SURF GANG - OXygen](https://open.spotify.com/album/2TshAc1eZFt6PPYRnvozyU) [SoundCloud Rap]\n- [Swizz Beatz & Mass Appeal - Hip Hop 50: Vol. 2 EP](https://open.spotify.com/album/2fMYrpzJCtJNhVTBQybhoz) (w Lil Wayne, Lil Durk, A Boogie wit da Hoodie, Nas, Jadakiss, Benny the Butcher, Fivio Foreign, Bandmanrill & Scar Lip) [Hip Hop, Mass Appeal]\n- [AB & Veeze - Son of Tabu](https://open.spotify.com/album/3sX64ztTzLvNJX06gKgA2s) (w 22nd Jim)\n- [Deergod - The Lounge, Pt. 2](https://music.apple.com/us/album/the-lounge-pt-2-ep/1676912202) [Cloud Rap, TeamSESH]\n- [Big Sad 1900 & Killa Fonte - 1985](https://open.spotify.com/album/1MQUPRvYBtCdLrTlD0Isus) (w Philthy Rich + more) [West Coast Trap, FOD]\n- [BudaMonk & Ill Conscious - Sakanouse](https://open.spotify.com/album/4t86D9rcknXqhBiGfK3McD) [Rap]\n- [Allan Kingdom - FR3NZ](https://open.spotify.com/album/2RLalz50YPVSYDnCarLilY) (w Siimbiie Lakew + more) [Alt-Rap]\n- [OBIJUAN (🇧🇸) - WAVONOMIXX](https://obijuan-obeahman.bandcamp.com/album/wavonomixx) (w ELUCID, Lord Apex & HooksAruthur)\n- [Gabe 'Nandez - Pangea](https://music.apple.com/us/album/pangea/1678016015) (w YL, Radamiz + more) [Rap, POW]\n- [Abril Olivera (🇦🇷) - Abril](https://open.spotify.com/album/2uT7GrTnYKL293sssNax85) [Latin R&B]\n- [Michael Sneed - Junior Varsity Blues](https://open.spotify.com/album/1SIeFvO8So4ow0vcFosVQ6) (w Lil Bean, demahjiae + more) [Bay Area Rap]\n\n#Songs\n\n The Weeknd & Metro Boomin - Double Fantasy (feat. Future)\n* Bree Runway & Khalid - Be The One\n* Daddy Yankee - Gasolina (Safari Riot Remix) [feat. Myke Towers]\n* Kim Petras - Alone (feat. Nicki Minaj)\n* Tiësto & A Boogie Wit da Hoodie - Chills (LA Hills) [from DRIVE out now]\n* The Kid LAROI & FNZ - Where Does Your Spirit Go?\n* JAY-Z & My Guy Mars - NEW YORK (CONCEPT DE PARIS) [feat. Gil Scott-Heron]\n* Wiz Khalifa & Quadwoofer - Why Not Not Why\n* GLC & Wiz Khalifa - Kush & Pussy (feat. Xcelence)\n* Destructo - You Only Die Once (feat. Snoop Dogg)\n* VIC MENSA - $WISH (feat. Chance the Rapper & G-Eazy)\n* Feid & Sean Paul - Niña Bonita\n* Olamide & CKay - Trumpet\n* Moneybagg Yo - Motion God\n* Latto & Go Grizzly - Put It On Da Floor\n* TiaCorine - FreakyT (Remix) [feat. Latto]\n* Armani White & July Da Producer- SILVER TOOTH (feat. A$AP Ferg)\n* Key Glock - Nope (G-Mix) [feat. Big Boogie & Sos Supa]\n* Polo Shawn Boo - Polo Rugby (feat. 2 Chainz)\n* Jackson Wang & Ciara - Slow\n* ArrDee & Cat Burns - Home For My Heart (WhyTek Remix)\n* Sudan Archives - Selfish Soul (ODESZA Remix)\n* Kevin Gates - Do It Again\n E-40 - Front Row 40\n* Lil Jon, E-40, P-LO & DaBoii - What We On\n* Don Elway, DaBoii, Jehkai & Fedel2seata - Silde It Out\n* Santino Le Saint & Col3trane - more!\n* Wacotron - Testimony\n* K. Wizzy & Wacotron - I Did (feat. NAHVEYAH)\n* Killer Mike & No I.D. - Don't Let The Devil (feat. El-P & Thank You Good Sir)\n* CRUZ CAFUNÉ - JA MORANT\n* Chase Fetti & Conway the Machine - Online\n* 22Gz - Bandit\n M1 Hound - Send a Blitz (feat. Yungeen Ace)\n* SAGA BUOY (FKA Jabari Manwa of Brockhampton) - DRUNK OFF LOVE\n Red Cafe, Capella Grey & Fabolous - Don't Vibe and Tell\n* DDG - I’m Geekin\n* Snoh Aalegra - DO 4 LOVE (Black Coffee Remix)\n* Your Old Droog & Madlib - Pronouns\n* Tee Grizzley & Skilla Baby - B&E, Pt. 1\n* Roy Woods - Young Boy Problems\n* Tamika Scott & Method Man - Tonight\n* Blinkie, Bugzy Malone & Star-One - All Of Me (Do For Love)\n* Telfon & DJ Premier - The Thoro Side (feat. M.O.P.)\n* Ralfy The Plug - Real Life Or Fictional (feat. 03 Greedo) / Flyest in the Building (feat. ItsManMan)\n* Lloyd Banks - Toxic (Remix) [feat. Aesthic]\n* SBTRKT - L.F.O. (feat. Sampha & George Riley)\n* Mike Dimes & Zuri - Off the Porch (feat. Maxo Kream & BigXthaPlug)\n* Sliffy The Goat - Throw It (Remix) [feat. Big Boss Vette]\n* Kenny Mason & COUPE - Ascend\n Tafia & YN Jay - Glitch\n* Lil Kayla - 11:11 (feat. YN Jay)\n* Dtm716 & Benny The Butcher - Buffalo ChopHouse\n* Luh Tyler - First Show\n* Manny Bandz - Too Addicted (feat. Luh Tyler)\n* Jimmy Bolt & Lil Keed - Slime Lingo\n* How DBack Do Dat - Cookin' the Tracks (feat. Peezy)\n* Lil Jayson - ILLUMINATY (feat. Lil Eazzyy & RiskTakerLeek)\n* Mouraine - Big Dawg (feat. Westside Boogie)\n* Gloosito, Chucky73 & OldPurp - Zazafata\n* Full Crate & BJ the Chicago Kid - Show Her The Way\n* Jidenna - FRONT END (feat. Gardens & Villa, Roman GianArthur & Sensei Bueno)\n* Abhi the Nomad - Casanova\n* Keralanka & Abhi the Nomad - Sora\n* Sebastian Kamae & Frsh Water - Great Escape\n* Vina Love - All That Cash (feat. Jackboy)\n* Leaf - 2 Freaky (feat. Bandmanrill & DJ Drewski)\n* PawPaw Rod - Is It Magic?\n* ShooterGang Kony - Darkest Thoughts\n* Cookin Soul & Kid Frankie - Remate\n* SOLOMON - phases (Melle Brown Remix) [feat. Kojey Radical]\n* Aubreyus - Squad Tryna Get Some Money (feat. Sada Baby)\n* PGF Nuk - The Next\n* Big Twothree, Paul Wall & xBValentine - Like Dis\n* Thakzin - Please Don't (feat. AUDREY NUNA)\n* vf7 - NANANA\n* Pell - Press Record\n* blackwave. & Jordan Mackampa - champion\n* Jay Worthy & Roc Marciano - Underground Legend (feat. Bun B)\n* Dee Watkins - Fuck Everybody\n* BRAGS BOOGIE - Legitimate Living (feat. P Money)\n* Big Trappo - Suppose Too (feat. Louie Ray)\n* Lil Gotit - Lustin'\n* Yhung T.O. & Philthy Rich - 1942\n* DC the Don - 12AM\n* Maine SFSG - One More Time (feat. Freeway)\n* TDMJay - Pepper (feat. GTB KD, Freeway & BandRunna Mac)\n* 22Vallu & Cico P - Double Up\n* Prabh Deep - Thappad!\n* AzChike - Kashdolls and GloRillas / Bear Hug\n* J Snoop - Life Style (feat. AzChike & AzSwaye)\n* Gio & RMC Mike - Ziploc\n* Apollo Davar - Westside Anthem (feat. YeloHill)\n* TooLate, Lord Apex & DCB Pablito - Prerolls\n* JuS CODE & Sally Sossa - Wasted Time\n* Hardo - Die Alone (feat. B Dok)\n* Traphouse Yicc - Shoot the Club Up (feat. Hardo)\n* BlueBucksClan - Supposed To\n* Deante' Hitchcock - Woah!\n* Ski & lojii - Bobby Rush Joint\n* Jerome Thomas - Damn\n* Conduit - Creases (feat. Pink Siifu)\n* Baby Stone Gorillas & Rackboy Cam - Pressure\n* Allison Russell - 4th Day Prayer (dim star Remix) [feat. Mumu Fresh] \n* Father & meltycannon - Rolling Dice\n* Damedot - King of the City\n* BiC Fizzle - Ride Fa Mine (feat. LG Malique)\n* Lil Jerry - KRASH (feat. Peso Peso)\n* Forest Cluadette - Motor In the Sand\n* BandGang Lonnie Bands - Lonnie Basqiat / Fast'n\n* Hersh Jefe - Big Homie (feat. Wizz Havin)\n* Yuno Miles - Come Get It\n* Harrison & Nanna.B - Blue Sky\n* G4 Boyz - Fufu\n* Estee Nack & V Don - Re Run\n* 2FeetBino - They Forgot\n* Fat Tony & Yung Skrrt - I Like\n* Locksmith - America (feat. C-Lance)\n* Keemy Baby - NLMB (feat. JMB Juvie)\n* Nate Husser - Lemons\n* YTB Trench - Trenchinatti\n* Matt McGhee & J.Robb - Nuisance (feat. Butch Dawson)\n* XV, Mike Summers & Jon Connor - Descend\n* FNF Chxpo - Ouu Ouu (Remix) [feat. Hotboy Wes]\n* Rob Milton - Wake and Bake (feat. Peter $un)\n* Nyction - Diamonds (feat. Isaac Zale)\n* Certified Trapper - Slipped Up\n* Grafh - MAMA'S EYES\n* Wack05 - RAW (Remix) [feat. EBK BCKDOE]\n* YTB FATT - Get Back\n Skyzoo - Blue and Orange Everything\n* Trapo - Mayan\n* Zikomo - Break My Soul\n* Serengeti - Ajai2 Extra\n* Jinka, Catnapp & recovery girl - Orange\n* Feih - Judy Law\n* Li Rye - Switch\n CRIMEAPPLE - Sabertooth\n* Fat Money - Search & Rescue Freestyle\n Hoofy Baby, MFnMelo & Noah Sims - Save Me\n* Goya Gumbani - Cloth & Polish\n* Johnny Greco - Hollis & Gates (feat. Rick Hyde)\n* Teek Hall & Camoflauge Monk- The Burning Sand\n* Shoebox Baby - Get 'Em\n* Bbyafricka - Have You Seen Her? (feat. MVW)\n* Deetranada - Mad!\n* Archibald Slim - Hiking\n* Bear1Boss - Funds\n* Adams Awake - Stay Awake (feat. Bear1Boss & Sharc)\n* YS - Fall Back\n* Kipp Stone - Nobel Peace Prize\n* Sh8kes & The Musalini - Regret's\n* Joell - RUN\n* Sos B4L - Whistle\n* Lil Dump - No Limits\n* Ambar Window & Octavio Hernández - Doblao\n* Ché - APRIL 16TH\n* Vae Vanilla - It's My BDay\n* Joda Kgosi - Diamonds\n* Wiseboy Jeremy - Grace\n* Ausar - Don't Date Rappers.\n* MELONYX - At the Door\n* Bricc Baby - Not Enough\n* RenzNiro - Heavy Metal\n\n---\n\n\\* means not on Apple Music or Spotify\n\nSorted by Spotify Monthly Listeners\n\n---\n\n##[Old Drop Watches](https://www.reddit.com/r/hiphopheads/search?q=%22drop+watch%22+-%22JQBX%22&restrict_sr=on&include_over_18=on&sort=new&t=all)\n\n##[Full Calendar](https://redd.it/101h66v)", 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/', '12tppe7', [['u/Ktulusanders', 45, '2023-04-21 06:29', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh3utv5/', 'Ghosted by Smino 😔', '12tppe7'], ['u/Jandersson34swe', 13, '2023-04-21 06:45', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh3wfvv/', 'such a disappointment', '12tppe7'], ['u/mohub21', 29, '2023-04-21 07:13', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh3z1f1/', 'Can this man NBA YB rest', '12tppe7'], ['u/iHateJerry', 24, '2023-04-21 12:20', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh4l5tj/', 'appreciate you making this list, but frankly who tf are all these people this week lmao', '12tppe7'], ['u/almost_useless', 12, '2023-04-21 12:31', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh4lybc/', "Spotify playlists updated. \n\nAlbums: https://open.spotify.com/playlist/0DnzOCj0ccuMbCqagPqXSv\n\nSingles: https://open.spotify.com/playlist/7nIjPEJ5BDTF21VaG5CGcI\n\nI was away last week, so the playlists contain both this and last week's songs.", '12tppe7'], ['u/xX69WeedSnipePussyXx', 16, '2023-04-21 15:26', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh542hp/', 'Too many kids to feed.', '12tppe7'], ['u/RogueTheJewels', 11, '2023-04-21 16:05', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh598h7/', "he's on house arrest in Utah, what else is there to do?", '12tppe7'], ['u/vancouver000', 10, '2023-04-21 20:04', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh68t6x/', 'You think he’ll have a final child?', '12tppe7'], ['u/DropWatcher', 16, '2023-04-21 20:26', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh6c1z8/', "i feel like it's usually pretty easy to extrapolate from the features/genre tag/flags\n\nlike NBA Youngboy is a melodic trap rapper from Baton Rogue\n\niann dior is a pop rapper signed to internet money\n\nLele Pons / Guayanna are from venezuela/puerto rico, prolly make reggaeton sounding rap/r&b\n\nAgust D is a member of K-Pop group BTS\n\nLloyd Banks is a NY street rapper and based on the features he's from the 00s\n\nL.A.X is a Nigerian afrobeats artist\n\nDreamer Isioma is an R&B singer who works with people like Brockhampton and redveil, prolly in that spotify POLLEN playlist\n\nGenio is a puerto rican rapper\n\nHeembeezy is a west coast gangsta rapper\n\netc.", '12tppe7']]], ['u/psufb', 'I know how to DCA In, but how do I DCA Out?', 13, '2023-04-21 06:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/', 'People in here talk about DCA as a solid long-term investing strategy. I agree with this, and have been DCAing for the past few months with little monthly amounts into BTC, ETH, and some alts. It is a straightforward process. \n \nWhat I don\'t understand as well is something I\'ve heard around here about "DCAing out" especially during the bull run. I assume this means that each month (or whatever frequency), instead of buying say, $20 worth of Bitcoin, you instead sell $20 worth of Bitcoin. \n \nIf this is the case, then it seems that it\'s impossible to DCA in and DCA out concurrently (it\'d just be a net $0). So when then, do you swithing from DCA In to DCA Out? Or, in simpler terms, when do you switch from being a crypto buyer each month to being a crypto seller?', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/', '12tq2zg', [['u/FattestLion', 22, '2023-04-21 06:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/jh3uapj/', "DCA out is tough, because the concept of DCA is that you buy at fixed intervals regardless of price. So if you want to DCA out, you would sell at fixed intervals regardless of price, which wouldn't make sense if you were DCA-ing at 25-30k range but once you start DCA-ing out it is 20-25k range. Perhaps you need a hybrid strategy like: \n\n\nWhen BTC price <35k DCA BUY \n\n\nWhen BTC price >50k DCA SELL", '12tq2zg'], ['u/redthepotato', 10, '2023-04-21 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/jh3vrt1/', "Buy at 68k then dca out as it falls down to 15k.\n\nI'm something of a crypto trader myself.", '12tq2zg']]], ['u/rBitcoinMod', 'Daily Discussion, April 21, 2023', 38, '2023-04-21 08:06', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12spjql/lightning_thursday_april_20_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/', '12ts9xe', [['u/EfficientAgricul', 11, '2023-04-21 08:10', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh43sf1/', "I'm I the only one that feels the bullrun season is about to start?", '12ts9xe'], ['u/Relai_Alex', 14, '2023-04-21 09:27', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh49gb9/', 'Happy Friday and remember, "not your keys, not your bitcoin" applies on the weekends too.', '12ts9xe'], ['u/Asum_chum', 14, '2023-04-21 10:41', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh4edev/', 'Bitcoin is up well over 50% this year and you think it’s about to start?!', '12ts9xe'], ['u/Just1_More', 13, '2023-04-21 12:53', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh4nt2x/', "My thoughts, because you didn't ask!\n\nThis is an interesting test coming forward. 3 months of gains is historically the start of a bull. All-time hodlers, with BTC, with something of 60% of all BTC, haven't moved in a year. Massive companies such as Shell, ExxonMobil, getting into mining. Legacy banks are beginning to offer BTC to clients....\n\nHowever, we're staring down the eye of a big credit event. Pain is on the horizon, and BTC has never really run through this test before. Still being tossed around by the Wall Street bros as a high-risk asset. There is risk-off on the horizon. \n\nI, for one, am very interested to see how our 🌽 performs during this event. Continuing to buy and hodl!", '12ts9xe'], ['u/escodelrio', 18, '2023-04-21 15:58', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh589qr/', 'Historical Bitcoin prices for today, April 21st:\r \n\r \n2023 - $28,021\r \n2022 - $41,931\r \n2021 - $53,812\r \n2020 - $6,857\r \n2019 - $5,306\r \n2018 - $8,918\r \n2017 - $1,257\r \n2016 - $451\r \n2015 - $236\r \n2014 - $493\r \n2013 - $119\r \n2012 - $5.3\r \n2011 - $1.2\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1649367894461935617?s=20).', '12ts9xe'], ['u/HurricaneHarvey7', 17, '2023-04-21 22:36', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh6v7q3/', 'Go ahead and sell your Bitcoin for $27k a year before the halving\n\nlaughing.gif', '12ts9xe'], ['u/Realistic-Jelly8133', 10, '2023-04-21 22:47', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh6wy3y/', '4 or 5 upward difficulty adjustments in a row. I suspect some miners are selling in order to cover costs. In addition, a lot of leverage needed to be wiped out. Expect these recurring equilibriums to happen every so often.\n\nDCA and chill.', '12ts9xe']]], ['u/tetrahedralcathedral', 'Nobody Warned Her About Mr. Patel', 871, '2023-04-21 08:24', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/', 'We had a new 3rd shifter start recently. She\'s sweet but doesn\'t have much experience. From what I was told she only got trained 2 days before they scheduled her for shifts by herself. Training for this job is multifaceted, I still run into situations I\'ve never encountered. There are rare situations that arise that require specific explanation, even though they don\'t happen often its important to know how to navigate them. It\'s difficult to train in these things because of how unlikely they are to come up during a training period. The worst part is what could happen if this information isn\'t passed on.\n\n\n\nLast week I came in for my usual 3-11. My first shifter let me know the cash drawer would be significantly off because we got "robbed" (even using air quotes) the night before. Obviously I had to know what happened. With a sigh, she said the 3rd shifter was called by a "Mr. Patel" who claimed to be the owner. Being new enough to have never met the real owner, she believed him right away. They even mentioned my managers real name, saying he was on the other line and aware of his call. The scammer told her to convert $XXX into bitcoin and send it to \\[random sketchy link\\]. Since none of this tipped her off, she took almost $200 to the walmart down the street where you can convert money to bitcoin. That\'s right, she left the desk, left the building, drove to the store, and sent our cash to a random recipient.\n\n\n\nThey made her write a report of exactly what happened. This is common practice for significant events like robberies or injuries. As I read through what the victim wrote, I made mental notes of all the points where I personally would start asking questions. Like I said, sweet but under trained. I\'m sure she felt horrible. At the end of the day it was a learning experience, sadly it had to be learned the hard way. I\'m willing to bet it won\'t happen again.', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/', '12tsmd4', [['u/500SL', 32, '2023-04-21 09:34', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh49y81/', 'I truly wonder how some people make it through a day without being run over by a vehicle or drowning in a glass of water. \n\nThese people must be sterilized before all hope for humanity is lost.', '12tsmd4'], ['u/WikiBox', 477, '2023-04-21 10:02', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4buj5/', 'As part of the training, perhaps include browsing this subreddit?\n\nPerhaps even a curated selection of posts here?', '12tsmd4'], ['u/tetrahedralcathedral', 230, '2023-04-21 10:12', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4ch2x/', 'Wow I never considered how much that would help, thank you!', '12tsmd4'], ['u/Asagohan86', 25, '2023-04-21 10:12', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4cipe/', 'his response was innocent venting, yours just came off sounding like the asshole.', '12tsmd4'], ['u/CapnBunny1', 147, '2023-04-21 10:17', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4ctj7/', "The other NA fell for this, she gave these people her personal number and was on facetime with them trying to get into my GM's office. Thankfully the 7-3 showed up and told her it was a scam.", '12tsmd4'], ['u/JustineDelarge', 202, '2023-04-21 12:01', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4jqzb/', 'Why is “This is what the ‘Mr. Patel’ scam is” etc. not part of official Day 1 training? As in, yay, you’re hired, never give the hotel’s money or your own to someone on the phone who tells you to?', '12tsmd4'], ['u/ShikiNine', 63, '2023-04-21 12:05', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4k0pa/', 'it’s so crazy these things don’t alert red flags in people. i mean seriously, not when you’re driving, not when you’re taking cash out the drawer, not when you’re being asked to convert it to bitcoin do you pause to think… hospitality gets some funny folks', '12tsmd4'], ['u/Lexi_Live', 49, '2023-04-21 12:21', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4l7vy/', 'I’m too lazy to ever do this. Poor girl', '12tsmd4'], ['u/HaplessReader1988', 148, '2023-04-21 12:30', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4lwgg/', "You'll lose some anonymity...says someone who lost her vent space elseweb after introducing a co-worker to that forum.", '12tsmd4'], ['u/FuzzelFox', 22, '2023-04-21 12:31', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4m0n7/', 'Many hotels in the US are owned by Indian families and Patel is a very common surname among them; Like Smith is to us.\n\nSo these Indian call centers like to call up hotels in the middle of the night and hope they can trick the poor NA into sending them as much cash as possible because they\'re "Mr. Patel the owner". They\'ll even go so far as to try and get these people to break into the GM\'s office/safe in order to get it. Some people actually go through with it :\')', '12tsmd4'], ['u/tetrahedralcathedral', 82, '2023-04-21 12:32', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4m18i/', 'this is wise', '12tsmd4'], ['u/FuzzelFox', 12, '2023-04-21 12:33', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4m3we/', "I always thought it ridiculous that corporations have us do phishing email training every year, because I've never even come close to falling for one, but they do it for a reason......", '12tsmd4'], ['u/Tarilyn13', 18, '2023-04-21 12:40', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4mqa8/', "That exact thing happened to another coworker of mine. She was on second shift and I was the auditor and she was gone when I got there. It was so absurd, I couldn't believe people fall for it.", '12tsmd4'], ['u/[deleted]', 11, '2023-04-21 12:42', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4mu8q/', 'I mean there are some scams where I can have some sympathy, but those are very well thought out and executed.\n\nShit like this though? No sympathy, the person falling for it is just an idiot. Your "boss" asking you to send money via bitcoin should raise some serious red flags.', '12tsmd4'], ['u/pakrat1967', 55, '2023-04-21 12:46', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4n5dp/', "I just thought of a possible solution to these Patel scams. Every hotel (especially those that are owned by a Patel). Has the real owners name somewhere at the front desk where employees can see it, but people in the lobby can't. Include some sort of code word or number that only the real owner is going to know.\nIf someone calls claiming to be the owner, but doesn't provide the code word/number. Then the employees will know it's a scammer.", '12tsmd4'], ['u/Traveler4Life_', 16, '2023-04-21 12:48', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4nbc9/', 'Four people in my o... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Traders work on the floor of the New York Stock Exchange Michael M. Santiago/Getty Images US stock indices rose Friday as investors digested mixed earnings reports. However, all three major gauges closed the week in the red. Alphabet and Amazon are on deck to report quarterly results next week. US stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory. The Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week. According to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results. Here's where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,133.52, up 0.09% Dow Jones Industrial Average : 33,808.96, up 0.07% (22.34 points) Nasdaq Composite : 12,072.46, up 0.11% Here's what else happened today: In an exclusive interview with Insider, economist Mohamed El-Erian explained the credit squeeze threatening the US economy, along with risks of more interest rate hikes. US money-market funds saw their assets drop for the first time since last month, according to Bloomberg. The Fed has inflation on the ropes, former Treasury Secretary Larry Summers said, while bemoaning the debt-ceiling fiasco in a new interview. The US economy could be headed towards a credit crunch that would only prolong a recession, according to Citi's chief economist. In commodities, bonds and crypto: West Texas Intermediate crude oil increased 0.49% to $77.75 per barrel. Brent crude , oil's international benchmark, rose 0.59% to $81.58. Gold declined 1.79% to $1,993 per ounce. The yield on the 10-year Treasury rose 2.3 basis points to 3.568%. Bitcoin dropped 3% to $27,255. Read the original article on Business Insider", "• US stock indices rose Friday as investors digested mixed earnings reports.\n• However, all three major gauges closed the week in the red.\n• Alphabet and Amazon are on deck to report quarterly results next week.\nUS stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory.\nThe Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week.\nAccording to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results.\nHere's where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,133.52, up 0.09%\n• Dow Jones Industrial Average:33,808.96, up 0.07% (22.34 points)\n• Nasdaq Composite:12,072.46, up 0.11%\nHere's what else happened today:\n• In an exclusive interview withInsider,economist Mohamed El-Erian explained the credit squeeze threatening the US economy, along with risks of more interest rate hikes.\n• US money-market funds saw their assets drop for the first time since last month, according toBloomberg.\n• The Fed has inflation on the ropes,former Treasury Secretary Larry Summers said,while bemoaning the debt-ceiling fiasco in a new interview.\n• The US economy could be headed towards a credit crunch that would only prolong a recession, according toCiti's chief economist.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil increased 0.49% to $77.75 per barrel.Brent crude, oil's international benchmark, rose 0.59% to $81.58.\n• Golddeclined 1.79% to $1,993 per ounce.\n• The yield on the 10-year Treasury rose 2.3 basis points to 3.568%.\n• Bitcoin dropped 3% to $27,255.\nRead the original article onBusiness Insider", 'Before non-fungible tokens (NFT) came on the scene, the following chart was a fairly good representation of patterns that happened in the industry.\nFiat currency flowed largely through Bitcoin and other large caps before trickling down to mid caps and finally to low caps (also affectionately known as “shitcoins”).\nA couple of things have changed in the past two years, one being the emergence of NFTs as a digital asset class that fits somewhere in the above cycle.\nIt’s my opinion that NFTs, especially PFPs, are a hybrid of an identity solution, a club and a fungible token. There are different sizes by market cap, Bored Ape Yacht Club (BAYC) and Azuki being the large cap of the NFT market, Mfer’s, Nakamigo’s, and Milady’s being the mid caps and then basically the rest making up the small caps. Finally, add to the mix memecoins. They really do not profess to have any utility other than social media posting and having fun!\nFun + memes can now be a digital asset? Yeah. We see this by looking at $DOGE, $SHIBA, and now $PEPE, which reached a $150m market cap in several days. The Milady Maker PFP community is rumored to be behind the $PEPE memecoin emergence.\nMemecoins came back in after the Nakamigos and BAYC communities stagnated and had some large holders leave the community. That, combined with the boredom of retail\xa0crypto\xa0folks, and boom, on the scene comes memecoin season! It took over for a few days this past week with $PEPE, and others which I don’t really want to mention because I’m not sure it will be a long loved meta. But who knows?\nThe Milady Maker’s PFP assets rose this past week as the memecoin meta kicked off.\nThese new digital assets are now throwing more curve balls into the flow, and it’s yet to be seen where they fit in. One thing I know for certain, though, is that when large caps run, they rise fast, sucking all the liquidity from mid-lower caps. When they stop running, the capital flows back to mid-low caps. This pattern can happen across all classes (NFTs, fungible tokens) and also across categories as well (PFPs, Game-FI, fungible tokens, and utility NFTs), which is causing the Web3 scene to seem very chaotic.\nWith these liquidity ebbs and flows causing uncertainty even for the most seasoned traders, it’s clear that new patterns are emerging in the brave new world of NFTs and memecoins.\nNote that the observations presented in this text are not intended as financial advice but rather the insights of an individual who has an interest in recognizing trends and patterns, much like many others in this space.\nTheForkast 500 NFT Indexis down over 2% over the past seven days, reflecting a sharp decline in the NFT market. A new memecoin called $PEPE has been trading at volume, causing high transaction fees on Ethereum. NFT volume, on the other hand, has suffered as traders practice patience, with many waiting for fees to normalize.', 'Before non-fungible tokens (NFT) came on the scene, the following chart was a fairly good representation of patterns that happened in the industry. Bitcoin flow Fiat currency flowed largely through Bitcoin and other large caps before trickling down to mid caps and finally to low caps (also affectionately known as “shitcoins”). A couple of things have changed in the past two years, one being the emergence of NFTs as a digital asset class that fits somewhere in the above cycle. It’s my opinion that NFTs, especially PFPs, are a hybrid of an identity solution, a club and a fungible token. There are different sizes by market cap, Bored Ape Yacht Club (BAYC) and Azuki being the large cap of the NFT market, Mfer’s, Nakamigo’s, and Milady’s being the mid caps and then basically the rest making up the small caps. Finally, add to the mix memecoins. They really do not profess to have any utility other than social media posting and having fun! Fun + memes can now be a digital asset? Yeah. We see this by looking at $DOGE, $SHIBA, and now $PEPE, which reached a $150m market cap in several days. The Milady Maker PFP community is rumored to be behind the $PEPE memecoin emergence. Memecoins came back in after the Nakamigos and BAYC communities stagnated and had some large holders leave the community. That, combined with the boredom of retail\xa0crypto\xa0folks, and boom, on the scene comes memecoin season! It took over for a few days this past week with $PEPE, and others which I don’t really want to mention because I’m not sure it will be a long loved meta. But who knows? The Milady Maker’s PFP assets rose this past week as the memecoin meta kicked off. Milady These new digital assets are now throwing more curve balls into the flow, and it’s yet to be seen where they fit in. One thing I know for certain, though, is that when large caps run, they rise fast, sucking all the liquidity from mid-lower caps. When they stop running, the capital flows back to mid-low caps. This pattern can happen across all classes (NFTs, fungible tokens) and also across categories as well (PFPs, Game-FI, fungible tokens, and utility NFTs), which is causing the Web3 scene to seem very chaotic. Story continues With these liquidity ebbs and flows causing uncertainty even for the most seasoned traders, it’s clear that new patterns are emerging in the brave new world of NFTs and memecoins. Note that the observations presented in this text are not intended as financial advice but rather the insights of an individual who has an interest in recognizing trends and patterns, much like many others in this space. The Forkast 500 NFT Index is down over 2% over the past seven days, reflecting a sharp decline in the NFT market. A new memecoin called $PEPE has been trading at volume, causing high transaction fees on Ethereum. NFT volume, on the other hand, has suffered as traders practice patience, with many waiting for fees to normalize.', 'Cryptocurrencies are a speculative asset class. They come with extreme risk. Therefore, investors need not treat the issue of investing in them lightly. However, the recent surge in the value of some cryptocurrencies has left many investors wondering which cryptos to buy and which to watch. With the market continuously evolving, keeping an eye on the next cryptocurrencies to explode and those with high growth potential is crucial. The cryptocurrency market has seen exponential growth in recent years. More importantly, though, the trend is expected to continue, according to several analysts. On Monday, brokerage firm Bernstein released a research report stating that FTX’s collapse initiated a fresh bullish cycle in cryptocurrency markets. The report highlighted that the downfall of the crypto exchange eliminated the remaining portion of “toxic crypto leverage.” In addition, it provided digital asset investors with valuable insights into the significance of decentralization and the use of self-custody wallets. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cryptos have become increasingly popular among young investors keen to diversify their portfolios. With the proliferation of new cryptocurrencies, it can be challenging to navigate the market. However, investors who do their research and keep up with industry trends can benefit greatly. This article will explore the cryptos to buy and watch and those with high growth potential. From established cryptocurrencies to newer players, this piece will provide insights into the current market trends and offer suggestions for investors looking to profit from the next cryptocurrencies to explode. Symbol Cryptocurrency Price BTC-USD Bitcoin $27,253.30 ATOM-USD Cosmos $10.86 STX-USD Stacks $0.69 Bitcoin (BTC) Chart shows a strong increase in the price of bitcoin Source: rzoze19 / Shutterstock.com Established tokens like Bitcoin ( BTC-USD ) offer greater stability and are safer for investors looking to enter the crypto game. Bitcoin has been gaining momentum, and with the economic uncertainty, its value is expected to continue to rise. Therefore, Bitcoin could be a wise investment choice if you want to hedge your bets. Story continues The flagship cryptocurrency has almost doubled in value since January, marking a comeback after a tough 2022 when it fell nearly 65%. And major investors are noticing and taking advantage of the situation. In late March, Michael Saylor, the co-founder of MicroStrategy (NASDAQ: MSTR ) and a fervent Bitcoin supporter, disclosed that his company purchased 6,455 Bitcoin valued at $150 million. While investors should not base their investment decisions solely on someone else’s, Saylor’s investment can be seen as a vote of confidence in Bitcoin. Moreover, investors should revisit Bitcoin’s investment thesis, primarily to serve as a store of value similar to gold or silver. With a limited supply of 21 million coins and decentralization, Bitcoin is an inflation hedge independent of central control. As markets continue to value Bitcoin as a riskier asset, its future remains uncertain. Still, it could have more up days than down as the market sentiment towards riskier assets turns positive. Cosmos (ATOM) coin cryptocurrency Cosmos atom against the main alitcoins the Ethereum, dash, monero, litecoin Source: Stanslavs via Shutterstock Among the top cryptocurrencies to buy, ATOM ( ATOM-USD ), the native token of the Cosmos Hub blockchain, has the lowest market cap. However, ATOM serves multiple purposes, including securing the network and acting as a governance token that allows holders to influence the development of the Cosmos ecosystem. One of the challenges in the cryptocurrency industry is the existence of numerous independent blockchains. Cosmos aims to address this by simplifying inter-blockchain communication, making it faster and less expensive. The project is crafted by experts, comprising the Tendermint team and the Interchain Foundation, an NGO financially supporting open-source blockchain initiatives. The former CEO and co-author of the project’s whitepaper, Jae Kwon, stepped away from the project in early 2020. However, he remains involved in a different capacity. The other co-author, Ethan Buchman, is president of the Interchain Foundation Council. Paradigm, Bain Capital, and 1confirmation, among other major players in the crypto industry, have invested in Cosmos. Investors with a long-term outlook may find Cosmos’ work on interoperability significant. Cosmos addresses scalability and interoperability, critical areas where many blockchains fall short. As Cosmos’ ecosystem expands, there is potential for token price to increase as investors gravitate towards projects with unlimited growth potential. This is especially important for investors who see the future of cryptocurrency as dependent on projects prioritizing scalability and interoperability. Stacks (STX) A digital representation of the Stacks (STX) crypto. Source: Ivan Babydov / Shutterstock Stacks ( STX-USD ) is a Layer 2 protocol enabling developers to build and interact with Bitcoin applications. Its consensus mechanism, “proof of transfer,” recycles Bitcoin’s proof-of-work without adding environmental impact. The unique thing about it is that it transforms Bitcoin into a programmable base layer. Thus, it removes one of the key criticisms Bitcoin faces compared to Ethereum ( ETH-USD ). Stacks employs proof-of-transfer to validate Bitcoin transactions. Miners transfer their Bitcoin instead of burning cryptocurrency, as required in proof-of-burn. The protocol randomly selects a winning miner who receives a block reward paid in STX tokens. Bitcoin is transferred to Stacks of token holders participating in the consensus process by locking up STX tokens. One can earn passive income with Stacks by “stacking” STX tokens and contributing to the proof-of-transfer system. Stacks is worth considering because of its distinctive characteristics and growth potential in the highly competitive blockchain market. Additionally, it has yet to achieve a large market capitalization, implying that you can acquire numerous tokens inexpensively. If you have finished reviewing this list, don’t worry! You can still explore additional cryptocurrencies beyond the selections highlighted in this article. To discover more options, you can refer to two great articles with more potential picks for your portfolio. On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Wall Street Titan: Here’s My #1 Stock for 2023 It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Cryptos to Watch for Explosive Growth in the Next 12 Months appeared first on InvestorPlace .', 'Cryptocurrencies are a speculative asset class. They come with extreme risk. Therefore, investors need not treat the issue of investing in them lightly. However, the recent surge in the value of some cryptocurrencies has left many investors wondering which cryptos to buy and which to watch. With the market continuously evolving, keeping an eye on the next cryptocurrencies to explode and those with high growth potential is crucial.\nThe cryptocurrency market has seen exponential growth in recent years. More importantly, though, the trend is expected to continue, according to several analysts.\nOn Monday, brokerage firm Bernstein released a research report stating thatFTX’scollapseinitiated a fresh bullish cyclein cryptocurrency markets. The report highlighted that the downfall of the crypto exchange eliminated the remaining portion of “toxic crypto leverage.” In addition, it provided digital asset investors with valuable insights into the significance of decentralization and the use of self-custody wallets.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nCryptos have become increasingly popular among young investors keen to diversify their portfolios. With the proliferation of new cryptocurrencies, it can be challenging to navigate the market. However, investors who do their research and keep up with industry trends can benefit greatly.\nThis article will explore the cryptos to buy and watch and those with high growth potential. From established cryptocurrencies to newer players, this piece will provideinsights into the current market trendsand offer suggestions for investors looking to profit from the next cryptocurrencies to explode.\n[{"Symbol": "BTC-USD", "Cryptocurrency": "Bitcoin", "Price": "$27,253.30"}, {"Symbol": "ATOM-USD", "Cryptocurrency": "Cosmos", "Price": "$10.86"}, {"Symbol": "STX-USD", "Cryptocurrency": "Stacks", "Price": "$0.69"}]\nSource: rzoze19 / Shutterstock.com\nEstablished tokens likeBitcoin(BTC-USD) offer greater stability and are safer for investors looking to enter the crypto game. Bitcoin has been gaining momentum, and with the economic uncertainty, its value is expected to continue to rise. Therefore, Bitcoin could be a wise investment choice if you want to hedge your bets.\nThe flagship cryptocurrency has almost doubled in value since January, marking a comeback after a tough 2022 when it fell nearly 65%. And major investors are noticing and taking advantage of the situation.\nIn late March, Michael Saylor, the co-founder ofMicroStrategy(NASDAQ:MSTR) and a fervent Bitcoin supporter, disclosed that his companypurchased 6,455 Bitcoinvalued at $150 million.\nWhile investors should not base their investment decisions solely on someone else’s, Saylor’s investment can be seen as a vote of confidence in Bitcoin.\nMoreover, investors should revisit Bitcoin’s investment thesis, primarily to serve as a store of value similar to gold or silver. With a limited supply of 21 million coins and decentralization, Bitcoin is an inflation hedge independent of central control.\nAs markets continue to value Bitcoin as a riskier asset, its future remains uncertain. Still, it could have more up days than down as the market sentiment towards riskier assets turns positive.\nSource: Stanslavs via Shutterstock\nAmong the top cryptocurrencies to buy,ATOM(ATOM-USD), the native token of the Cosmos Hub blockchain, has the lowest market cap. However, ATOM serves multiple purposes, including securing the network and acting as a governance token that allows holders to influence the development of the Cosmos ecosystem.\nOne of the challenges in the cryptocurrency industry is the existence of numerous independent blockchains. Cosmos aims to address this by simplifying inter-blockchain communication, making it faster and less expensive.\nThe project is crafted by experts, comprising the Tendermint team and the Interchain Foundation, an NGO financially supporting open-source blockchain initiatives. The former CEO and co-author of the project’s whitepaper, Jae Kwon, stepped away from the project in early 2020. However, he remains involved in a different capacity. The other co-author, Ethan Buchman, is president of the Interchain Foundation Council. Paradigm, Bain Capital, and 1confirmation, among other major players in the crypto industry, have invested in Cosmos.\nInvestors with a long-term outlook may find Cosmos’ work on interoperability significant. Cosmos addresses scalability and interoperability, critical areas where many blockchains fall short. As Cosmos’ ecosystem expands, there is potential for token price to increase as investors gravitate towards projects with unlimited growth potential. This is especially important for investors who see the future of cryptocurrency as dependent on projects prioritizing scalability and interoperability.\nSource: Ivan Babydov / Shutterstock\nStacks(STX-USD) is a Layer 2 protocol enabling developers to build and interact with Bitcoin applications. Its consensus mechanism, “proof of transfer,” recycles Bitcoin’s proof-of-work without adding environmental impact. The unique thing about it is that it transforms Bitcoin into a programmable base layer. Thus, it removes one of the key criticisms Bitcoin faces compared toEthereum(ETH-USD).\nStacks employs proof-of-transfer to validate Bitcoin transactions. Miners transfer their Bitcoin instead of burning cryptocurrency, as required in proof-of-burn.\nThe protocol randomly selects a winning miner who receives a block reward paid in STX tokens. Bitcoin is transferred to Stacks of token holders participating in the consensus process by locking up STX tokens. One can earn passive income with Stacks by “stacking” STX tokens and contributing to the proof-of-transfer system.\nStacks is worth considering because of its distinctive characteristics and growth potential in the highly competitive blockchain market. Additionally, it has yet to achieve a large market capitalization, implying that you can acquire numerous tokens inexpensively.\nIf you have finished reviewing this list, don’t worry! You can still explore additional cryptocurrencies beyond the selections highlighted in this article. To discover more options, you canrefer to two great articleswithmore potential picksfor your portfolio.\nOn the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Cryptos to Watch for Explosive Growth in the Next 12 Monthsappeared first onInvestorPlace.', "Join the most important conversation in crypto and web3! Secure your seat today\nThe environmental impact of bitcoin (BTC) mining has been trending again in the last few weeks due to aTexas billto limit miners' grid participation and aNew York Times articlethat condemned the industry.\nBitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data fromCambridge University’s Centre for Alternative Finance, which is about the power consumed by Sweden, according to theInternational Energy Agency.\nTo critics, bitcoin’s proof-of-work algorithm iswasteful by designas its electricity demand continuously grows. To industry advocates it's a feature, not a bug because it secures the network while ensuring decentralization.\nRead more:Can Crypto Miners Make the World Greener?\nThere is a third camp that sees bitcoin’s energy consumption as an opportunity. A slew of new products and companies are trying to mitigate the environmental impact with several innovative systems that build on top of what is already in place to help miners become more sustainable.\nSome of these projects are creating or taking advantage of market instruments that incentivize making bitcoin more “green,” while others are technical, centered around improving efficiencies and synergies around reusing the heat generated by the data centers.\nOne such product, offered by institutional liquidity provider BlockFills and fund Isla Verde Capital, aims to help not only miners but also investors to find a “green” solution for their energy usage.\nTheoffering essentiallyis tradable environmental assets in the forms of carbon emissions offsets and Renewable Energy Credits (REC). Carbon credits, assets that represent sequestered greenhouse gasses through projects such as reforestation, are as well known as they arecriticized.\nRead more:Regen Network Calculates the Real Price of Our Actions\nRenewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour (MWh) of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter (OTC).\nBlockFills and Isla Verde Capital tailor the purchase of RECs and carbon credits to miners’ needs and later retire them, such that miners can make claims about renewable energy sources.\nThe RECs are also geared towards bitcoin investors. “Massive asset managers” are now “looking at bitcoin, but they have these sustainability mandates that they must follow,” said John Divine, leader in digital asset OTC trading at BlockFills. The RECs can help them invest comfortably.\nThis might actually raise the price of RECs, “which directly incentivizes investment in renewable energy technology,” Divine said.\nSwitzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On its platform, liquidity providers looking for bitcoin-native investments can buy future hashrate, or computing power, over a specified period of time.\nThe platform includes“know-your-miner” informationabout a company’s financials, operational data, its energy sourcing and strategy. Block Green believes market mechanisms on the platform will incentivize sustainable mining because liquidity providers will pick miners with sustainable operations, lowering their cost of capital.\n“We are currently working with some of the largest miners in the U.S. and Canada and we have begun integrations with institutions such as custodians, exchanges and asset managers looking to give users access to transparent and scalable” returns on their bitcoin, said a spokesperson for the firm.\nAnother system that is using financial incentives is offered by Clean Incentive and Sustainable Bitcoin Protocol (SBP). These companies are trying to promote investments in “clean” bitcoin by creating new, blockchain-based assets that miners can trade to capitalize on their use of renewables. Investors looking to verifiably own environmentally conscious bitcoin are the right fit for these assets.\nWith SBP, miners can verify their use of clean energy with third-party auditors and be added to a registry. After that, for every block reward they get they receive a Sustainable Bitcoin Mining Certificate, a blockchain-based asset they can sell to institutional investors.SBP completed its first transaction of a sustainable bitcoin certificate in February.\nSimilarly, Clean Incentive looks to “collect, validate and tokenize ESG [environmental, social, and governance] attributes” from a network of miners, said founder and CEO Casey Martinez, a data scientist with experience in renewable energy.\nThe startup is still in stealth mode but has already onboarded several miners, Martinez said. Clean Incentivepartneredwith a small-scale miner from Canada, Ocean Falls Blockchain, in November.\nSome of the more technical systems that firms are providing include both hardware and software-related products.\nImmersion cooling firm, LiquidStack, offers a hardware-based cooling system that can cut the energy used by the computers in bitcoin mines by 40% and reduce their land use by one-third,the company said in March.\nFor every megawatt (MW) of energy used for the actual computing in a data center, LiquidStack's system uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said.\nThe firm, one of the earliest in the space, in Marchreceived funding from Trane Technologies (TT), a 150-year-old firm in the heating and cooling space that brought in $16 billion in revenue in 2022.\n“What made LiquidStack attractive was its potential to improve sustainability for data centers, including bitcoin mining, and its innovation,” said Amber Mulligan, vice president of strategic sales and marketing, commercial HVAC Americas at Trane.\nLiquidStack’s technology also makes heat reuse easier and more efficient, opening the door to a host of synergies for miners, said Mulligan. She said that because the heat is actually managed with liquids instead of traditional air cooling, capturing it and directing it to other uses is easier.\nOn the software side, Vancouver-based mining services firm, Lincoin, has created a program that miners can use to more efficiently and profitably manage their operations, including their participation in demand response programs and heat reuse activities.\nDemand response is when a miner, or other energy consumer, shuts down its operations at times of peak demand, such that the grid can meet the consumption needs.Often miners get paid for this.Heat reuserefers to the practice of using excess heat from a mining operation for another activity, such as greenhouse farming.\nThe software, called Rails, integrates real-time data from over 20,000 grid nodes in nine deregulated electricity markets in the U.S. and Canada, according to its press release.\n“Large-scale miners use Lincoin to monitor real-time profitability, manage and optimize their operations, streamline tasks and participate in grid ancillary services while smaller miners use Lincoin to innovate by managing heat in greenhouses, monetize their surplus solar energy generation, or simply mine intelligently,” said CEO Medi Naseri in an email interview with CoinDesk.\nCORRECTION (April 24, 20:10):An earlier version of this story said that BlockFills is a crypto lender.", "Join the most important conversation in crypto and web3! Secure your seat today The environmental impact of bitcoin (BTC) mining has been trending again in the last few weeks due to a Texas bill to limit miners' grid participation and a New York Times article that condemned the industry. Bitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data from Cambridge University\x92s Centre for Alternative Finance , which is about the power consumed by Sweden, according to the International Energy Agency . To critics, bitcoin\x92s proof-of-work algorithm is wasteful by design as its electricity demand continuously grows. To industry advocates it's a feature, not a bug because it secures the network while ensuring decentralization. Read more: Can Crypto Miners Make the World Greener? There is a third camp that sees bitcoin\x92s energy consumption as an opportunity. A slew of new products and companies are trying to mitigate the environmental impact with several innovative systems that build on top of what is already in place to help miners become more sustainable. Some of these projects are creating or taking advantage of market instruments that incentivize making bitcoin more \x93green,\x94 while others are technical, centered around improving efficiencies and synergies around reusing the heat generated by the data centers. Renewable energy credits One such product, offered by institutional liquidity provider BlockFills and fund Isla Verde Capital, aims to help not only miners but also investors to find a \x93green\x94 solution for their energy usage. The offering essentially is tradable environmental assets in the forms of carbon emissions offsets and Renewable Energy Credits (REC). Carbon credits, assets that represent sequestered greenhouse gasses through projects such as reforestation, are as well known as they are criticized . Read more: Regen Network Calculates the Real Price of Our Actions Renewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour (MWh) of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter (OTC). Story continues BlockFills and Isla Verde Capital tailor the purchase of RECs and carbon credits to miners\x92 needs and later retire them, such that miners can make claims about renewable energy sources. The RECs are also geared towards bitcoin investors. \x93Massive asset managers\x94 are now \x93looking at bitcoin, but they have these sustainability mandates that they must follow,\x94 said John Divine, leader in digital asset OTC trading at BlockFills. The RECs can help them invest comfortably. This might actually raise the price of RECs, \x93which directly incentivizes investment in renewable energy technology,\x94 Divine said. Incentivizing sustainability Switzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On its platform, liquidity providers looking for bitcoin-native investments can buy future hashrate, or computing power, over a specified period of time. The platform includes \x93know-your-miner\x94 information about a company\x92s financials, operational data, its energy sourcing and strategy. Block Green believes market mechanisms on the platform will incentivize sustainable mining because liquidity providers will pick miners with sustainable operations, lowering their cost of capital. \x93We are currently working with some of the largest miners in the U.S. and Canada and we have begun integrations with institutions such as custodians, exchanges and asset managers looking to give users access to transparent and scalable\x94 returns on their bitcoin, said a spokesperson for the firm. Tokenizing clean bitcoin Another system that is using financial incentives is offered by Clean Incentive and Sustainable Bitcoin Protocol (SBP). These companies are trying to promote investments in \x93clean\x94 bitcoin by creating new, blockchain-based assets that miners can trade to capitalize on their use of renewables. Investors looking to verifiably own environmentally conscious bitcoin are the right fit for these assets. With SBP, miners can verify their use of clean energy with third-party auditors and be added to a registry. After that, for every block reward they get they receive a Sustainable Bitcoin Mining Certificate, a blockchain-based asset they can sell to institutional investors. SBP completed its first transaction of a sustainable bitcoin certificate in February. Similarly, Clean Incentive looks to \x93collect, validate and tokenize ESG [environmental, social, and governance] attributes\x94 from a network of miners, said founder and CEO Casey Martinez, a data scientist with experience in renewable energy. The startup is still in stealth mode but has already onboarded several miners, Martinez said. Clean Incentive partnered with a small-scale miner from Canada, Ocean Falls Blockchain, in November. Efficient cooling Some of the more technical systems that firms are providing include both hardware and software-related products. Immersion cooling firm, LiquidStack, offers a hardware-based cooling system that can cut the energy used by the computers in bitcoin mines by 40% and reduce their land use by one-third, the company said in March. For every megawatt (MW) of energy used for the actual computing in a data center, LiquidStack's system uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said. The firm, one of the earliest in the space, in March received funding from Trane Technologies (TT) , a 150-year-old firm in the heating and cooling space that brought in $16 billion in revenue in 2022. \x93What made LiquidStack attractive was its potential to improve sustainability for data centers, including bitcoin mining, and its innovation,\x94 said Amber Mulligan, vice president of strategic sales and marketing, commercial HVAC Americas at Trane. LiquidStack\x92s technology also makes heat reuse easier and more efficient, opening the door to a host of synergies for miners, said Mulligan. She said that because the heat is actually managed with liquids instead of traditional air cooling, capturing it and directing it to other uses is easier. On the software side, Vancouver-based mining services firm, Lincoin, has created a program that miners can use to more efficiently and profitably manage their operations, including their participation in demand response programs and heat reuse activities. Demand response is when a miner, or other energy consumer, shuts down its operations at times of peak demand, such that the grid can meet the consumption needs. Often miners get paid for this . Heat reuse refers to the practice of using excess heat from a mining operation for another activity, such as greenhouse farming. The software, called Rails, integrates real-time data from over 20,000 grid nodes in nine deregulated electricity markets in the U.S. and Canada, according to its press release. \x93Large-scale miners use Lincoin to monitor real-time profitability, manage and optimize their operations, streamline tasks and participate in grid ancillary services while smaller miners use Lincoin to innovate by managing heat in greenhouses, monetize their surplus solar energy generation, or simply mine intelligently,\x94 said CEO Medi Naseri in an email interview with CoinDesk. CORRECTION (April 24, 20:10): An earlier version of this story said that BlockFills is a crypto lender.", "Join the most important conversation in crypto and web3! Secure your seat today\nThe environmental impact of bitcoin (BTC) mining has been trending again in the last few weeks due to aTexas billto limit miners' grid participation and aNew York Times articlethat condemned the industry.\nBitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data fromCambridge University’s Centre for Alternative Finance, which is about the power consumed by Sweden, according to theInternational Energy Agency.\nTo critics, bitcoin’s proof-of-work algorithm iswasteful by designas its electricity demand continuously grows. To industry advocates it's a feature, not a bug because it secures the network while ensuring decentralization.\nRead more:Can Crypto Miners Make the World Greener?\nThere is a third camp that sees bitcoin’s energy consumption as an opportunity. A slew of new products and companies are trying to mitigate the environmental impact with several innovative systems that build on top of what is already in place to help miners become more sustainable.\nSome of these projects are creating or taking advantage of market instruments that incentivize making bitcoin more “green,” while others are technical, centered around improving efficiencies and synergies around reusing the heat generated by the data centers.\nOne such product, offered by institutional liquidity provider BlockFills and fund Isla Verde Capital, aims to help not only miners but also investors to find a “green” solution for their energy usage.\nTheoffering essentiallyis tradable environmental assets in the forms of carbon emissions offsets and Renewable Energy Credits (REC). Carbon credits, assets that represent sequestered greenhouse gasses through projects such as reforestation, are as well known as they arecriticized.\nRead more:Regen Network Calculates the Real Price of Our Actions\nRenewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour (MWh) of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter (OTC).\nBlockFills and Isla Verde Capital tailor the purchase of RECs and carbon credits to miners’ needs and later retire them, such that miners can make claims about renewable energy sources.\nThe RECs are also geared towards bitcoin investors. “Massive asset managers” are now “looking at bitcoin, but they have these sustainability mandates that they must follow,” said John Divine, leader in digital asset OTC trading at BlockFills. The RECs can help them invest comfortably.\nThis might actually raise the price of RECs, “which directly incentivizes investment in renewable energy technology,” Divine said.\nSwitzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On its platform, liquidity providers looking for bitcoin-native investments can buy future hashrate, or computing power, over a specified period of time.\nThe platform includes“know-your-miner” informationabout a company’s financials, operational data, its energy sourcing and strategy. Block Green believes market mechanisms on the platform will incentivize sustainable mining because liquidity providers will pick miners with sustainable operations, lowering their cost of capital.\n“We are currently working with some of the largest miners in the U.S. and Canada and we have begun integrations with institutions such as custodians, exchanges and asset managers looking to give users access to transparent and scalable” returns on their bitcoin, said a spokesperson for the firm.\nAnother system that is using financial incentives is offered by Clean Incentive and Sustainable Bitcoin Protocol (SBP). These companies are trying to promote investments in “clean” bitcoin by creating new, blockchain-based assets that miners can trade to capitalize on their use of renewables. Investors looking to verifiably own environmentally conscious bitcoin are the right fit for these assets.\nWith SBP, miners can verify their use of clean energy with third-party auditors and be added to a registry. After that, for every block reward they get they receive a Sustainable Bitcoin Mining Certificate, a blockchain-based asset they can sell to institutional investors.SBP completed its first transaction of a sustainable bitcoin certificate in February.\nSimilarly, Clean Incentive looks to “collect, validate and tokenize ESG [environmental, social, and governance] attributes” from a network of miners, said founder and CEO Casey Martinez, a data scientist with experience in renewable energy.\nThe startup is still in stealth mode but has already onboarded several miners, Martinez said. Clean Incentivepartneredwith a small-scale miner from Canada, Ocean Falls Blockchain, in November.\nSome of the more technical systems that firms are providing include both hardware and software-related products.\nImmersion cooling firm, LiquidStack, offers a hardware-based cooling system that can cut the energy used by the computers in bitcoin mines by 40% and reduce their land use by one-third,the company said in March.\nFor every megawatt (MW) of energy used for the actual computing in a data center, LiquidStack's system uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said.\nThe firm, one of the earliest in the space, in Marchreceived funding from Trane Technologies (TT), a 150-year-old firm in the heating and cooling space that brought in $16 billion in revenue in 2022.\n“What made LiquidStack attractive was its potential to improve sustainability for data centers, including bitcoin mining, and its innovation,” said Amber Mulligan, vice president of strategic sales and marketing, commercial HVAC Americas at Trane.\nLiquidStack’s technology also makes heat reuse easier and more efficient, opening the door to a host of synergies for miners, said Mulligan. She said that because the heat is actually managed with liquids instead of traditional air cooling, capturing it and directing it to other uses is easier.\nOn the software side, Vancouver-based mining services firm, Lincoin, has created a program that miners can use to more efficiently and profitably manage their operations, including their participation in demand response programs and heat reuse activities.\nDemand response is when a miner, or other energy consumer, shuts down its operations at times of peak demand, such that the grid can meet the consumption needs.Often miners get paid for this.Heat reuserefers to the practice of using excess heat from a mining operation for another activity, such as greenhouse farming.\nThe software, called Rails, integrates real-time data from over 20,000 grid nodes in nine deregulated electricity markets in the U.S. and Canada, according to its press release.\n“Large-scale miners use Lincoin to monitor real-time profitability, manage and optimize their operations, streamline tasks and participate in grid ancillary services while smaller miners use Lincoin to innovate by managing heat in greenhouses, monetize their surplus solar energy generation, or simply mine intelligently,” said CEO Medi Naseri in an email interview with CoinDesk.\nCORRECTION (April 24, 20:10):An earlier version of this story said that BlockFills is a crypto lender.", 'Employees of business software company MicroStrategy can now receive Bitcoin payments to their corporate email addresses, MicroStrategy co-founder and executive chairman Michael Saylor revealed during the Cafe Bitcoin Twitter Spaces on Monday. It might sound like a magical feat, but anyone can set one up. We\'ll show you how. The Lightning Network , Bitcoin\'s speedier and more scalable cousin, fixes Bitcoin\'s scalability problems. Traditionally, when someone wants to receive a Lightning payment, they generate a Lightning invoice — a long scrambled string of characters that isn\'t human-readable. To counter this, The Lightning Address standard is spreading across the industry, replacing the long, ugly invoice with what looks like a familiar email address. So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 As shown on The Lightning Address website , a number of Lightning services across the industry offer a way to easily set up one of these addresses, such as Zebedee, Alby, and Breez. Each service has its own unique domain — take your pick. We\'ll use Bitcoin gaming app Zebedee, one of the more vocal proponents of the Lightning address. When you install Zebedee to your phone, right off the bat it asks you to create a "gamertag," which is simply a Lightning Address by another name. Select a "gamertag" on Zebedee. Image: Zebedee Select a name and — voilà! You\'ve created a Lightning Address. It\'s as easy as that. It’s important to note that since the Lightning industry is still blooming, the Lightning Address can\'t be used everywhere. The Lightning Address website features a list of Lightning wallets and services that support sending or receiving payments with a Lightning Address. Story continues If you want to get really fancy, it\'s also possible to add Lightning support to your own personal domain, like Saylor did with MicroStrategy.com . (Note that you have to own the domain in order to be able to do this. It won\'t work for a gmail.com email, for instance.) Setting this up is also pretty easy, as long as you have the ability to upload files to your website server. Lightning chrome extension Alby recently walked through the steps of how to do so on Twitter . First, install the Alby browser extension, available on Chrome and Firefox, and set up an account with Alby. At the bottom of the account creation page, you’ll create a new Lightning Address with them. Creating an Alby account. Image: Alby After that, go here: https://getalby.com/.well-known/lnurlp /<USERNAME>. For instance, my username is “alyssa” so I went to https://getalby.com/.well-known/lnurlp /alyssa If all is well, your page will look something like this: Downloading your user file on Alby. Image: Alby You then download the file locally so you can use it in the next step by clicking “save” in the top left corner. Delete “.json” at the end, so the file name is just your username. When that’s set, upload this file to the same location on your own w Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,986,670,362 - Hash Rate: 360804518.3013832 - Transaction Count: 354752.0 - Unique Addresses: 652782.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: VICTORIA , Seychelles , March 22, 2023 /PRNewswire/ -- Bitget , the largest crypto copy trading platform, has announced a $30 million investment in the decentralized BitKeep multi-chain wallet, becoming its controlling stakeholder. The deal will allow the exchange to extend its range of services while also supporting BitKeep in enhancing the stability and security of its offerings. It's also aimed at helping both companies to leverage their strengths and collaborate on linking DeFi and CeFi. Bitget Invests US$30M In Multi-Chain Wallet BitKeep (PRNewsfoto/Bitget) The investment involves the merger of BitKeep Wallet with Bitget's business domain, significantly bolstering its existing user base and product offering. The BitKeep wallet was founded in 2018 and has been providing uninterrupted and reliable non-custodial wallet, swap and NFT marketplace services to its user base of more than 8 million across 168 countries. The wallet supports 90 mainnet networks such as Bitcoin, Ethereum, BNB Chain, Polygon, and Solana, and over 250,000 types of assets across more than 20,000 dApps. As part of the deal, Bitget has invested $30 million in BitKeep, increasing its shareholding and becoming the controlling stakeholder of the company evaluated at $300 million during its previous funding round. The partnership with Bitget will give the wallet access to the exchange's proven technology and security capabilities in the exchange domain, thus helping it improve the stability and security of its services. The investment announcement will be publicly made by the Bitget executives at Paris Blockchain Week. The deal is an important move for Bitget, as it will expand its business territory to the wallet sector and help it provide native storage and asset management services. By integrating BitKeep's established 8 million user base, Bitget will be receiving access to an entirely new audience of potential clients. This is one of Bitget's crucial moves towards Web3 entry as part of its new Go Beyond Derivatives strategy, which foresees linking CeFi and DeFi, transforming the platform from a leading contract exchange to a comprehensive and holistic exchange with its own ecosystem. Story continues Gracy Chen , managing director at Bitget, commented on the investment: " This move is a win-win choice for Bitget and BitKeep and facilitates collaborative efforts in the decentralized space and beyond. We are not only delighted to provide the team at BitKeep with the necessary support to reinforce the security and stability of its offering services, but also excited to have such an established industry player as part of our growing ecosystem. Being one of the most trusted crypto exchanges with a $300 million user protection fund, we know how much security and reliability mean to cryptocurrency users and are confident that the integration of our native solutions in this domain into BitKeep's framework will bolster its image as an attractive wallet. " Moka Han , Chief Operating Officer at BitKeep, also shared her views on the significance of the investment for users, adding: "The investment deal implies not only financial but also technical support, which will be provided to us by a professional team along with the experience necessary for product growth and market expansion. We are excited about this partnership and the potential it has to provide our users with even more comprehensive digital asset management services. We believe that working closely with Bitget will not only drive the growth of our business but also provide us with valuable experience exchange that will benefit our users." BitKeep's impressive lineup of services stretches far beyond a crypto wallet. It provides users with access to various DeFi protocols and NFT projects across different blockchains via its integrated dApp explorer, facilitating seamless and effortless interactions with crypto transactions. It also supports an NFT marketplace, a launchpad and a swap feature. As a purpose-built solution with diverse capabilities, BitKeep will further propel Bitget into the Web3 space once the integration is completed. In May 2022 , BitKeep announced a $15 million fundraising at a $100 million valuation. Dragonfly Capital led the round with participation from KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital and YM Capital. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi , the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform. For more information, visit: Website \| Twitter \| Telegram \| LinkedIn \| Discord About BitKeep BitKeep is a decentralized multi-chain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT Marketplace, wallet function, swap services, DApp Browser, and Launchpad. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America , Europe , and Asia and is the top-rated wallet on Google Play globally, surpassing Metamask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. For more information, visit: Website \| Twitter \| Telegram \| LinkedIn \| Discord SOURCE Bitget... - Reddit Posts (Sample): [['u/Dalkson', 'A little TA, as a treat.', 24, '2023-04-22 00:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/', 'I’m going to preface this with I know a lot of people here dislike TA; However, I have seen a few ask for more of it in the community. I am by no means an expert, but my trades are net green using simple TA with support and resistance lines.\n\nhttps://preview.redd.it/9w3462n58bva1.png?width=2532&format=png&auto=webp&v=enabled&s=9dfc513d5c7fcc5f2139ff8f03d3bc21aea88a80\n\nhttps://preview.redd.it/kk97nry68bva1.png?width=2532&format=png&auto=webp&v=enabled&s=a76145d7cc91144251638f7ebd115eb2b9a323e6\n\nBased off these charts, BTC and ETH have broken support. Considering we have been pumping quite a bit, a pullback is healthy, and it just so happens that the next major support will be a perfect 50% pullback since march 10th.\n\nThese 50% pullbacks are common in trends and happened after the January pump to 24k and 1700 respectively.\n\nI am not saying anyone should sell or short, but I do think that there is a possibility we momentarily revisit these levels. What I do think people should do during the next week or so is prepare to be able to buy this possible dip. \n\n\nEdit: \n\nI should add that hitting 24k would give us this nice support line along the bottom.\n\nhttps://preview.redd.it/qpfx1gejpbva1.png?width=965&format=png&auto=webp&v=enabled&s=edeffd1268e5d8856ee81ed7c78afa8383f52805', 'https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/', '12uk1wt', [['u/Calm-Cartographer677', 22, '2023-04-22 00:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/jh77kbo/', 'I love a bit of astrology in the evening, thanks OP!', '12uk1wt']]], ['u/spookmann', 'NOTE: Bitcoin dropping 10% in a week is not particularly newsworthy.', 465, '2023-04-22 00:55', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/', 'And frankly, that should scare the crap out of anybody who is HODLing bags of bitcoin.', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/', '12ulo2k', [['u/therobotisjames', 103, '2023-04-22 01:01', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7ew0c/', 'Computer money go down! No!!!', '12ulo2k'], ['u/grauenwolf', 106, '2023-04-22 01:41', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7jtqd/', "Bitcoin going up was good news to report on during the plague.\n\nWith all of the bad news these days, reporters don't need filler content like Bitcoin crashing (again).\n\nAnd I agree, that's bad for Bitcoin.", '12ulo2k'], ['u/decaf_flat_white', 63, '2023-04-22 01:43', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7k4vx/', 'Steady lads, CZ’s wash trading bot army just suffered a small technical fault. Just got to page some poor IT sap who’s getting paid in imaginary internet money to fix it over the weekend.\n\nNothing to see here. Go back to being poor everyone.', '12ulo2k'], ['u/greyenlightenment', 21, '2023-04-22 02:07', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7n4n1/', 'Yeah this is why ppl got to chill when the price goes up. it falls way faster and more than it goes up. long term trend: zero.', '12ulo2k'], ['u/greyenlightenment', 48, '2023-04-22 02:09', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7nclr/', 'funny how bitcoin losses are always measured in dollars', '12ulo2k'], ['u/robot_slave', 11, '2023-04-22 02:17', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7obkk/', "OK, fine, piss on my campfire.\n\nI'm a sicko, and I'm going relish my Line Go Down even if it does only last fifteen minutes.", '12ulo2k'], ['u/poobly', 10, '2023-04-22 02:39', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7r11k/', 'You know we’re laughing at you, right?', '12ulo2k'], ['u/Short_Syllabub_303', 20, '2023-04-22 02:43', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7rh5q/', 'When a cryptobro unironically uses the mantras in our sub and we upvote by mistake 😂', '12ulo2k'], ['u/Opcn', 12, '2023-04-22 02:52', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7sjqp/', 'One bag will always equal one bag. Hodl!', '12ulo2k'], ['u/Potential-Coat-7233', 22, '2023-04-22 03:33', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7xj8z/', 'Price doesn’t matter, abysmal adoption rates does.\n\nThis shit is hilarious in up and down markets.', '12ulo2k'], ['u/biffbobfred', 16, '2023-04-22 03:46', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7z6ru/', 'Abysmal adoption rates help price stability. If there’s no actual usage flow then the market manipulation flow can be smaller', '12ulo2k'], ['u/barsoapguy', 45, '2023-04-22 04:18', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh82w40/', 'BeczuE bro, we do our own due diligence.\n\nThe vast majority of us are quite smart here.', '12ulo2k'], ['u/InsightTussle', 28, '2023-04-22 04:18', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh82wat/', 'Is that why tether printed another billion?', '12ulo2k'], ['u/Way-Reasonable', 74, '2023-04-22 04:26', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh83uwn/', "10% just doesn't do it for me anymore...I need bigger losses to trigger my dopamine", '12ulo2k'], ['u/DukkhaHappens', 30, '2023-04-22 04:27', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh83xbm/', 'Actually the Bitcoin price drop is signaling an upcoming moonshot. So it’s good for Bitcoin. 😂', '12ulo2k'], ['u/Gildan_Bladeborn', 13, '2023-04-22 05:03', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh88262/', 'Tree fiddy.', '12ulo2k'], ['u/therobotisjames', 29, '2023-04-22 05:45', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8cnfs/', 'Computer money should be measured in bytes.', '12ulo2k'], ['u/ThePhysicistIsIn', 19, '2023-04-22 05:56', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8dqnr/', 'Basically yeah, we read about crypto a lot', '12ulo2k'], ['u/PatchworkFlames', 12, '2023-04-22 06:30', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8h5ta/', '50% down and 100% up are equivalently big changes in asset value. Percentage decrease inherently has a bigger effect of the value of assets as the same percentage increase.', '12ulo2k'], ['u/[deleted]', 32, '2023-04-22 06:31', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8h9z7/', ">Do u just read about crypto a lot or sumn?\n\nThis is a sub for making fun of crypto morons. Why would people who don't know anything about crypto follow it?", '12ulo2k'], ['u/MrBirdHorner', 21, '2023-04-22 07:12', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8kwur/', 'It might surprise you to discover that the more one understands crypto and crypto markets, the less one wants anything to do with either', '12ulo2k'], ['u/Mongorize', 17, '2023-04-22 07:18', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8lej3/', "Christ - You really are a complete idiot, aren't ya?", '12ulo2k'], ['u/frivol', 22, '2023-04-22 08:00', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8orjw/', 'So a basket of drugs and ransom?', '12ulo2k'], ['u/entered_bubble_50', 16, '2023-04-22 08:26', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8qrtz/', 'Bro, Binance accounts for >80% of bitcoin transactions. They claim 11 trillion dollars in transactions per 24 hours. They are crypto. Everyone else is a rounding error.', '12ulo2k'], ['u/drlogwasoncemine', 10, '2023-04-22 08:38', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8rml0/', "Yeah, tether has to print to cover all the crypto sales. When the price goes up, people are excited and buy Bitcoin. When the price drops, it's cheaper so people buy more Bitcoin.\n\nSee, totally justified if you think about it taps head", '12ulo2k'], ['u/JasperJ', 12, '2023-04-22 09:02', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8tcpl/', 'Kilowatthours might be viable.', '12ulo2k'], ['u/entered_bubble_50', 14, '2023-04-22 09:07', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8tq8n/', "Sorry, you're right, it's 11 billion not trillion. \n\nThe interest comes from the fact that this is the biggest scam of all time, by far, and it's collapsing around us in real time. It's just interesting.", '12ulo2k'], ['u/JasperJ', 13, '2023-04-22 09:08', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8trkx/', 'Your idiocy is more along the lines of your deliberately misspelled folksy bonhomie.', '12ulo2k'], ['u/therobotisjames', 13, '2023-04-22 09:08', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8trqa/', 'Kilowatt bytes divided by computers equals money. Very simple. I don’t understand why people can’t understand this.', '12ulo2k'], ['u/deco19', 11, '2023-04-22 09:14', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8u891/', "Ah so you're a middleman exchanging transient ownership around, almost useless job except providing liquidity for people who treat ownership in a company like owning a part of a business.", '12ulo2k'], ['u/Ichabodblack', 10, '2023-04-22 09:15', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8u903/', 'This entire comment has me worrying about the education of the worlds youth', '12ulo2k'], ['u/baloobah', 11, '2023-04-22 09:24', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8uwd7/', '> why someone would have a vast knowledge of something they dislike\n\nHow else would you make sure you dislike it?\n\nAre you saying hate has to always be baseless?', '12ulo2k'], ['u/magikdyspozytor', 11, '2023-04-22 09:26', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8v26j/', '1 BTC = 1 BTC', '12ulo2k'], ['u/Dirt-Purple', 19, '2023-04-22 10:22', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8yu40/', 'Going up seemed manipulated as hell. Every market was still treading carefully while BTC was up 70% in no time? Wait, didnt CZ just use the $2bn he accumulated in an industry recovery fund to buy cryptos including his own crypto BNB, and pump the market up? \n\n\nOutside CZ and Microstrategy, crypto really doesnt have a buyer of big volume.', '12ulo2k'], ['u/red-spider-mkv', 16, '2023-04-22 10:57', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh912ca/', "I don't recall any CEO of a make up company being a public figure on Twitter, constantly pumping their products, do you?", '12ulo2k'], ['u/wehavenocontrol1', 21, '2023-04-22 11:55', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh94r0t/', "Yeah, wake me up when it's <20k again. Then i'll grab the popcorn and watch the drama/fireworks.", '12ulo2k'], ['u/TrueBirch', 12, '2023-04-22 16:46', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh9wqd9/', "I see you're a skilled technical analyst", '12ulo2k']]], ['u/sophia-avon', "About the US government's upcoming dump of 31,000 BTC", 94, '2023-04-22 01:17', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/', "Do they really prefer to do everything possible to depress prices rather than stockpile?do you guys think it's good news or bad news?", 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/', '12umcly', [['u/llewsor', 11, '2023-04-22 01:21', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7hcj5/', 'good for people that want cheap sats. bad for people that trade with leverage or stack fiat.', '12umcly'], ['u/chrisxinghua', 67, '2023-04-22 01:24', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7hqnp/', "The govt has one message: our currency is the best currency. They make all moves to prop up that idea. They just printed more money AGAIN to give banks a huge slush fund to cover more bad bets (and make future bad bets), that's why banks all just announced good earnings even though they had higher outflow and defaults. It's because they got a visit from money-printer Santa, and now their coffers are full again, at the expense of everyone else's fiat.", '12umcly'], ['u/CannaDorata1', 64, '2023-04-22 01:28', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7ibrv/', 'Microstrategy will buy them all lmao', '12umcly'], ['u/Apprehensive-Bed5241', 211, '2023-04-22 01:33', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7ivhd/', 'Bring it. I want a piece of that. Lower prices for longer. Halving is a year away and we need to accumulate as much as we can before then.\n\nEdit: fixed the typo.', '12umcly'], ['u/Nubraskan', 10, '2023-04-22 02:03', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7mlgm/', "It's noise.\n\nSignal is in adoption. Use cases. Development.", '12umcly'], ['u/offgridgecko', 13, '2023-04-22 02:05', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7mvsi/', "Can they do it next week please? I'm ready to do some stacking.", '12umcly'], ['u/Miserable_Drink_8920', 10, '2023-04-22 02:23', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7p4w7/', 'No one cares.', '12umcly'], ['u/sonartxlw', 41, '2023-04-22 02:48', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7s5y9/', 'I hope they do it all at once. I’m tired of buying at 29k. Much more satisfying around 15', '12umcly'], ['u/benditbackwards', 21, '2023-04-22 02:50', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7sehj/', "they are selling for two reasons: \n1) they can't be saying crypto is bad when they themselves are holding some. \n2) dumping it on the open market they are hoping it will depress the price and that will fall into their 'its going to zero' narrative.\n\nAside of those reasons, its surprising they don't just dump it hard on to the Bitcoin market, it's not like they need the cash, and besides I won't mind some bargin basement bitcoin!", '12umcly'], ['u/Upper-Razzmatazz176', 50, '2023-04-22 03:04', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7u3hu/', 'This is real bs that I don’t think Americans realize or even the world is they take everything from us and make us pay for the ultra rich. Who in turn pay no taxes and make outrageous gambles, fail and are bailed out while we pay for it. Meanwhile small businesses get left to fail. It’s crooks helping crooks. Modern day kings and queens rule over us peasants.', '12umcly'], ['u/alllballs', 43, '2023-04-22 04:22', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh83dru/', "I've got greenbacks to get rid of. Let's gooooo!", '12umcly'], ['u/smartiesto', 17, '2023-04-22 04:26', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh83wd6/', 'I’m not surprised. The current administration is using the Strategic Petroleum Reserve to depress oil prices rather than stockpile.', '12umcly'], ['u/castironchris', 10, '2023-04-22 05:39', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh8by3r/', 'I see your 10 year bubba', '12umcly'], ['u/road22', 11, '2023-04-22 06:10', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh8f6xz/', 'It is all FUD.\n\nIf they sell, it will be over the counter. They will sell to themselves and or Blackrock.\n\nIts hard for the DOJ to hold onto BTC.', '12umcly'], ['u/RollingCoalsDaily', 10, '2023-04-22 08:52', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh8smum/', 'That’s the spirit!\n\nLogic > instant gratification', '12umcly'], ['u/No_Rest_9653', 11, '2023-04-22 13:43', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh9cq8s/', 'It just takes an understanding of division.', '12umcly'], ['u/dangerdave18', 10, '2023-04-22 13:51', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh9dd7r/', 'This is the way.⬆️⬆️⬆️⬆️⬆️💪', '12umcly']]], ['u/Daddio4u', 'Why run a node?', 17, '2023-04-22 03:51', 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/', "I'm not a nube to Bitcoin but am to the workings of the network. \n\nI thought mining Bitcoin makes you Bitcoin and so is intended to be profitable. I also thought a node was a miner but I'm wrong.\n\nWhy run a node when it's just costing you money?", 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/', '12uqobh', [['u/dadlif3', 20, '2023-04-22 04:47', 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/jh86adh/', 'You should run a node because the nodes are what makes Bitcoin decentralized.', '12uqobh'], ['u/Numerous-Kitchen-774', 14, '2023-04-22 05:29', 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/jh8av7r/', "And this is the primary reason BTC is king. \n\nIt is the MOST decentralized digital currency in existence.\n\nDo your part. Run your full node. How else will you know your funds are where you think they are? By trusting other people's nodes?\n\nDon't trust. Verify.", '12uqobh']]], ['u/OutTop', '0.001% can take $1 and turn it into $100 with a shit coin. The other 99.99% will turn $100 to $1 with a shit coin. Story of $Arbi PEPE, Recently rugged token.', 19, '2023-04-22 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/12urs2g/0001_can_take_1_and_turn_it_into_100_with_a_shit/', "It's as simple as that. Most Twitter/Reddit posts that say OMG this guy turned $25 into 10M!! are either the devs or inside traders.\n\nRecently we saw a brief meme coin pump. Leading the pump was $PEPE. Which is already down from ATH now. When $PEPE started gaining momentum other people wanted to capitalize on this so they made similar tokens that contained $Pepe in the name. \n\nOne of those tokens was called Arbi Pepe.\n\n\n\nhttps://preview.redd.it/23tt5xo0kcva1.png?width=1290&format=png&auto=webp&v=enabled&s=a332ccec69d3d15d60a189aa2462c4d051d7f732\n\nAs you can see it got rugged. Down 100% today with a fully diluted MC of $35. It has over 130m in trading volume that day! \n\n\n\nhttps://preview.redd.it/cugmomeakcva1.png?width=1009&format=png&auto=webp&v=enabled&s=fd0685aec4b26837cea7f59e051de44641160584\n\nThe coin has some up and downs before the rug in which many causal investors who wanted to 10x their money in one day bought in.\n\nhttps://preview.redd.it/0vp39iofkcva1.png?width=1013&format=png&auto=webp&v=enabled&s=b2396d2a3689376ed021e2f6ffb1ec1c1ab8e853\n\nWhat is the lesson here? STOP PUTTING YOUR MONEY IN SHIT COINS. Simple... Also, there is a reason why people can't just 10x their money in a week. If it was easy everyone would be doing it already. If you are up in these meme coins GET OUT NOW. You will get burned. \n\nWhen people say put most of your money in btc/eth I always see comments below that say why? This is why! \n\nTLDR: Shitcoin gets rugged. Shit coins are bad. Stop putting money into them...", 'https://www.reddit.com/r/CryptoCurrency/comments/12urs2g/0001_can_take_1_and_turn_it_into_100_with_a_shit/', '12urs2g', [['u/deathbyfish13', 17, '2023-04-22 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/12urs2g/0001_can_take_1_and_turn_it_into_100_with_a_shit/jh8ayqt/', 'You always hear about the one guy who made it big but never about the thousands of others who gambled it all and lost', '12urs2g']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, April 22, 2023', 33, '2023-04-22 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/', '12utxee', [['u/DamonAndTheSea', 30, '2023-04-22 06:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh8hd0y/', 'I think we’re likely due for a [short term bounce here with confluence of trend support and bottom side of daily BBs.](https://www.tradingview.com/x/UE9Jo3dH/)\n\nWeekly took a hit on this move down, but both [weekly](https://www.tradingview.com/x/HHL5FrUM/) and [monthly](https://www.tradingview.com/x/oePHJPGS/) Heikin still green on this momentum move. \n\nThere’s quite a lot of skepticism on this move off the lows. [$24k is bottom of current channel](https://www.tradingview.com/x/BkMHjjVb/) and last big level of support above $20k. \n\nI wouldn’t count out a recovery move off $27k-ish range (maybe even a bit lower) before another try higher. I still think [3 drives is in play here.](https://www.tradingview.com/x/ADeEsBmG/)', '12utxee'], ['u/_TROLL', 42, '2023-04-22 07:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh8o7j9/', "From previous thread, /u/bleak_hibernation --\n\n> I see a lot of hate for Gensler, and it's probably well-earned but I don't really get it. In the context of Bitcoin, what is there beyond repeatedly denying the spot ETFs? I don't really understand how having a spot ETF would conceptually impact the price beyond quicker discovery.\n\nHe's actively driving crypto businesses away from the U.S. Whether this is to strangle crypto entirely or ultimately an attempt to funnel business to favored TBTF outfits like Fidelity and Blackrock remains to be seen.\n\nHe's purposely refusing to issue clear statements about which coins are or aren't securities, then using that obfuscation to penalize exchanges.\n\nHe was close with SBF before that whole scam came crashing down.\n\nHe constantly harps about the need to 'protect investors', while failing to do just that until after the fact -- FTX, Terra Luna, numerous other altcoin rugpulls, etc.\n\nThe current SEC is wildly disproportionately fixated on crypto, despite the US stock market's total market cap being 100 times larger. I could go on. This guy had a reputation of being 'crypto friendly' before he headed the SEC. He's been anything but.", '12utxee'], ['u/aeronbuchanan', 10, '2023-04-22 12:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh95lly/', "You've made some money, so close it fast! ;-)", '12utxee'], ['u/PatientlyWaitingfy', 10, '2023-04-22 12:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh98qsi/', 'Good job, now this is usually not how 100x plays out. The risk/reward ratio is not worth it. Take the profit and lower you leverage next time.', '12utxee'], ['u/spinbarkit', 11, '2023-04-22 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9k0kf/', 'my all in long survived so far. lowest price was ~200$ from my liquidation (26 900). so far so good. just so you know if I had cash I would relong it here. if you play it rough you gotta be tough', '12utxee'], ['u/gozunker', 16, '2023-04-22 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9m3kq/', 'Well, today we’ve reached the phase where I’ve laddered next week’s DCA buys down every $500 drop to $25k because it’s looking so weak and I don’t want to miss out. Which always means they never hit and the corn reverses up. And then next Friday I’ll cancel all the unhit orders and do the full DCA at $30400. \n\nFollow me for more trading advice.', '12utxee'], ['u/jarederaj', 27, '2023-04-22 16:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9xmyf/', 'I do not think that word means what you think it means.', '12utxee'], ['u/jarederaj', 13, '2023-04-22 16:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9xwju/', 'Just buy a little bit every 24 hours stop trying to overthink it.', '12utxee'], ['u/imissusenet', 12, '2023-04-22 17:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jha5tss/', 'You take the wins you can. My $27000 order filled on Gemini yesterday, Coinbase never got lower than $27133.', '12utxee'], ['u/bobsagetslover420', 12, '2023-04-22 18:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhabrmb/', 'DCA means you buy at set time intervals no matter the price. The term you\'re probably looking for is "lowering my cost basis"', '12utxee'], ['u/thewardser', 13, '2023-04-22 18:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhadelb/', 'setting a sell at $29,999\n\nthis should get me pretty much to breakeven for April once it hits', '12utxee'], ['u/xtal_00', 11, '2023-04-22 19:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhahgnf/', 'So definitely not able to trade as much these days. Flipped to a lower leverage long term position.\n\nEngaging with the US banking system to send money home.. heh. Wow. Just wow.', '12utxee'], ['u/xtal_00', 10, '2023-04-22 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhakp6n/', "Comically difficult. Third party service required.\n\nI'd use Bitcoin but I don't want any Bitcoin activities tied to US accounts.", '12utxee']]], ['u/makeasnek', 'Despite not being in the top 10 by market cap, Tezos breaks into the Top 5 by decentralization', 99, '2023-04-22 08:22', 'https://www.reddit.com/r/tezos/comments/12ux10j/despite_not_being_in_the_top_10_by_market_cap/', 'We hear all the time about how some coin is more centralized than others, but the question is how centralized? A good way to measure this is the number of "full nodes" in the network. I compiled a list of the top 10 market cap coins by number of "full nodes" plus added a few I know to have a large network even if they have a smaller market cap. Full nodes are computers or servers with an entire copy of the blockchain that can participate in consensus. Node count is important for security, decentralization, and network resiliency. \n\nTop 10 coins (ranked by # of nodes)\n\n\|Ranking\|Coin\|\\# of full nodes\|market cap per node, lower # = more decentralized\|source\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|1\|BTC (Bitcoin)\|45,000\|529,137,374,515/45,000=11,758,608\|[https://bitnodes.io/nodes/all/](https://bitnodes.io/nodes/all/)\|\n\|2\|ETH (Ethereum)\|9,000 (you will often see 50k quoted, these are not full validators.)\|$223,063,828,515/9000=24,784,869\|[https://etherscan.io/nodetracker#countries/us/us-all](https://etherscan.io/nodetracker#countries/us/us-all)\|\n\|3\|Doge (Dogecoin)\|4,600\|10,937,333,832/4600=2,377,681\|[https://what-is-dogecoin.com/nodes/](https://what-is-dogecoin.com/nodes/)\|\n\|4\|XTZ (Tezos)\|4,000\|937,969,911/4,000=234,492\|[https://tzkt.io/network](https://tzkt.io/network)\|\n\|5\|GRC (Gridcoin)\|3,000\|6,993,748/3,000=2,331\|[https://gridcoin.ch/network-map](https://gridcoin.ch/network-map)\|\n\|6\|XMR (Monero)\|2,800\|2,758,496,414/2,800=985,177\|[https://eprint.iacr.org/2019/411.pdf](https://eprint.iacr.org/2019/411.pdf)\|\n\|7\|ADA (Cardano)\|Impossible to determine but probably around 2,000.\|13,334,955,423/2000=6,667,477\|[https://cexplorer.io/relays](https://cexplorer.io/relays) [https://np.reddit.com/r/cardano/comments/mbhzec/number\\_of\\_cardano\\_nodes/](https://np.reddit.com/r/cardano/comments/mbhzec/number_of_cardano_nodes/)\|\n\|8\|SOL (Solana)\|1,900\|8,325,632,486/1900=4,381,911\|[https://solana.com/news/validator-health-report-august-2022](https://solana.com/news/validator-health-report-august-2022)\|\n\|9\|LTC (Litecoin)\|1,000\|6,209,710,657/1000=6,209,710\|[https://blockchair.com/litecoin/nodes](https://blockchair.com/litecoin/nodes)\|\n\|10\|MATIC (Polygon)\|200\|9,331,961,579/200=46,659,807\|[https://polygonscan.com/nodetracker#](https://polygonscan.com/nodetracker#)\|\n\nIf re-ordered by market cap per node, the ranking (decentralized to centralized) would be:\n\n1. GRC\n2. XTZ\n3. XMR\n4. SOL\n5. LTC\n6. ADA\n7. BTC\n8. DOGE\n9. ETH\n10. MATIC\n\nTop 10 market cap coins with less than required to reach top 10 node count:\n\nBNB (Binance Smart Chain) < 50 full nodes, XRP (150 nodes)\n\nI didn\'t include USDC or Tether since they\'re stablecoins and not decentralized blockchains.\n\nCaveats:\n\n* Depending on the network structure, nodes may also need access to mining or staking power to actually create blocks. This chart is nodes that have a full copy of the blockchain, validate and relay transactions, and could make blocks if they had hash or stake power. They are full network participants in this sense. Miners and stakers may make blocks, but full nodes are responsible for verifying that work and propagating it, and are the first line of defense in rejecting invalid blocks from an attacker. Even an attacker with 51% of hashpower can\'t make an invalid block (such as one which had somebody double-spend or spend more than they had), as full nodes would refuse to propagate those blocks.\n* Market caps can change pretty drastically on a daily basis, whereas node counts wouldn\'t fluctuate as much. It does fluctuate though.\n* Of course, decentralization is more complicated than just # of nodes, this is just one way to look at it. Other relevant things would be coin distribution, countries or cloud providers nodes are hosted on, etc. For many of these coins, >25% of their nodes are hosted at Amazon AWS for instance. You\'ll find the higher the requirements to run a node (looking at you Eth and other smart contract chains), the more likely it is to be hosted at a data center as it can\'t be hosted on a regular home computer and network connection.', 'https://www.reddit.com/r/tezos/comments/12ux10j/despite_not_being_in_the_top_10_by_market_cap/', '12ux10j', [['u/etomknudsen', 23, '2023-04-22 09:03', 'https://www.reddit.com/r/tezos/comments/12ux10j/despite_not_being_in_the_top_10_by_market_cap/jh8tg2t/', 'Be careful with metrics that are not verifiable. A network having 10,000 nodes controlled by 10 entities is more centralized than one of 5,000 nodes controlled by 1,000 unrelated entities. Just counting nodes may not make any sense at all. It is probably fair to say the tezos has the lowest (financial and technical) barrier to decentralization. I think. But that is something you can actually calculate.\n\nEdit: lowest barrier vs btc and eth.', '12ux10j']]], ['u/rBitcoinMod', 'Daily Discussion, April 22, 2023', 24, '2023-04-22 13:01', 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12uwnb9/daily_discussion_april_22_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/', '12v2lia', [['u/CrimeanFish', 15, '2023-04-22 13:03', 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/jh99hn2/', 'All I have to say is I’m buying more', '12v2lia'], ['u/Crypt0fart', 15, '2023-04-22 17:34', 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/jha395q/', 'Rubber band pulled back and is now ready to shoot to the above 30k regions of the atmosphere ✌️ hodl you beautiful people ✌️', '12v2lia']]], ['u/OneThatNoseOne', 'Bitboy harasses and threatens lawyer, ditches court appearance, and posts multiple images on a beach Cruise in Bahamas showing contempt of court and referring the lawyer as a literal pig. The harassment prior alone was referred to the FBI. He may face a warrant for his arrest now on multiple counts', 658, '2023-04-22 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/', 'Bitboy is being sued for (allegedly) misleading investors by promoting FTX without disclosing compensation. This is being led by lawyer Adam Moskowitz who is representing a class of investors bringing legal action against a number of celebrities who worked with FTX that includes Ben Armstrong(aka Bitboy).\n\nBitboy has made number of responses to the situation. In order of chronology as well as criminality and madness:\n\n1. Moskowitz alleges Armstong(Bitboy) harassed him with “endless phone calls, Tweets and emails to him privately, and publicly by posting insulting and threatening posts on Twitter, YouTube and other social media.” Bitboy denies the charges. Judge Melissa Damian called that the harassment of Moskowitz by Bitboy has become criminal conduct, and she will refer the matter to the FBI.\n2. Bitboy was to appear in court over the harassment but he failed to appear. Instead he posted this.\n\n\n\n[I apologize for exposing your eyeballs to this](https://preview.redd.it/p6siuc2m4fva1.png?width=588&format=png&auto=webp&v=enabled&s=fe21d03205d9d9410f6e27f8dff3b9b346bac49b)\n\n3. The judge warned Bitboy to explain his absence for the court appearance, or else she will issue a warrant for his arrest. He sent his attorney to appear on his behalf. The lawyer told the court that Armstrong could appear in a month when he will be in Miami for the annual Conference on Bitcoin .\n\n4. Moskowitz(lawyer representing class suit against FTX promotors) alleges Armstrong left voicemail messages “fully of vulgarities.”. The filing read statements like:\n\n“Hey motherfu###. Guess you do know who I am bitc#. You are such an unbelievably dumb motherfu### that you are leading a lawsuit against me when I never even promoted FTX. Expect a counter suit bitc#.”\xa0\n\n5. Bitboy again posted another photo on the beach again insulting courts as well as the lawyer.\n\n\n\n[Another terrible day to have eyes](https://preview.redd.it/eusu1zta6fva1.png?width=618&format=png&auto=webp&v=enabled&s=950bef20fb7a14c9e3b2a9dc3eb97a4a4a96e526)\n\nNot going to end well for him.', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/', '12v3hq7', [['u/blancooo', 13, '2023-04-22 13:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9cxoc/', 'The ego on this one', '12v3hq7'], ['u/Kappatalizable', 61, '2023-04-22 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9defk/', 'Bitboy is doing a speedrun straight to jail lmao', '12v3hq7'], ['u/MT2022150', 180, '2023-04-22 13:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9duh8/', "He went from maybe having a problem to definitely F'ed and I'm happy for him. Better he is in jail", '12v3hq7'], ['u/ChemicalGreek', 13, '2023-04-22 14:02', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ec79/', 'Don’t forget how Do Kwon was very arrogant on Twitter, look where he ended now 😅', '12v3hq7'], ['u/Nuewim', 31, '2023-04-22 14:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9emp2/', 'He could play nice like Logan Paul, Kim Kardashian or other celebrities, say sorry, get small fine (smaller than amount of money he got for shilling) and be totally fine.\n\n Instead he act like a kid that want to impress other kids and make his situation 1000 times worse. Judges hate guys like him and will show him no mercy.', '12v3hq7'], ['u/Fear_Blind83', 23, '2023-04-22 14:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9epne/', 'That poor pig having to be seen in public with that thing... Someone call PETA 🐖', '12v3hq7'], ['u/ChemicalGreek', 16, '2023-04-22 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9fdbt/', 'I remember Do Kwon doing this months before Luna went to zero…', '12v3hq7'], ['u/ChemicalGreek', 87, '2023-04-22 14:18', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9fulc/', 'People with that kind of ego are definitely going to regret these kind of actions when they are in jail. This is mocking the justice system and they don’t go light on this kind of behavior!', '12v3hq7'], ['u/DerpJungler', 34, '2023-04-22 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9fvln/', 'Leaving voice messages to a lawyer during an active court case is the ultimate clown move 🤡', '12v3hq7'], ['u/BortlesChortles', 59, '2023-04-22 14:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9hk8f/', 'It’s typical when you’ve never had to face any consequences for you actions.', '12v3hq7'], ['u/Aim_Sux', 12, '2023-04-22 14:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ibvy/', 'Steady lads! Deploying more capital', '12v3hq7'], ['u/Baecchus', 22, '2023-04-22 14:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ildk/', 'There is a first time for everything. Hopefully they throw the book at Shitboy.', '12v3hq7'], ['u/TopAlert2383', 27, '2023-04-22 14:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9jm7k/', 'Dude has to be on drugs. His weight loss is not because he is working out. He has zero definition. It also explains his outbursts and ego problems.', '12v3hq7'], ['u/Aim_Sux', 15, '2023-04-22 15:00', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9jyu8/', 'Book ? I hope the mf gets hurled at with a library', '12v3hq7'], ['u/GabeSter', 28, '2023-04-22 15:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9kgio/', 'I don’t think Peta has the man power to protect this pig from the serial harasser ^(sponsored by stake.com)', '12v3hq7'], ['u/GabeSter', 12, '2023-04-22 15:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9kj98/', 'Rug pulling his community like no one else’s business.', '12v3hq7'], ['u/Securethatbag21', 15, '2023-04-22 15:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9lalv/', 'You have a point, but in that scenario, Epstein at least cooperated or was cordial with the judge and prosecutor. That’s how those back room deals were made. BitBoy is openly mocking the judges order to appear and the prosecutor. BitBoy doesn’t have the power to back up his ego, but the judge and prosecutor do. There’ll be no favors given. He’s toast.', '12v3hq7'], ['u/PenaltyFickle5699', 10, '2023-04-22 15:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9mcyy/', 'Good. He will learn a life lesson he should have learned as a teen', '12v3hq7'], ['u/Aggressive_Parking88', 15, '2023-04-22 15:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ooo6/', 'His lawyers must hate him. He is constantly making their job harder. Lol', '12v3hq7'], ['u/Fedge348', 112, '2023-04-22 16:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9qw2p/', 'Stake.com better pepper that asshole', '12v3hq7'], ['u/Baecchus', 21, '2023-04-22 16:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9rpuu/', "Honestly comparing Bitboy to Epstein is ridiculous to begin with. Epstein had a private jet, a mansion and a damn ISLAND. He had his reach everywhere.\n\nBitboy is just some guy who shills shitcoins on Youtube. It's such a bad comparison. They WILL fuck Bitboy up especially considering the regulators are currently waging war against Crypto.\n\nThis is their chance to make an example of scammers and they will take their shot.", '12v3hq7'], ['u/DishonestLodging', 232, '2023-04-22 16:55', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9xz20/', 'LMAO not the Stake.com "sponsorship". \n\nThis guy is just trolling at this point.', '12v3hq7'], ['u/milonuttigrain', 88, '2023-04-22 17:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9zwdo/', 'I hope Bitboy will be jailed one day and we won’t have to hear from him again.', '12v3hq7'], ['u/StolenApe', 47, '2023-04-22 17:29', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jha2lpj/', 'Well if he is trying to stay out of jail, he’s going the wrong way about it. Lol. Can’t wait for the photo of him crying while getting dragged out of court in cuffs', '12v3hq7'], ['u/Izzeheh', 20, '2023-04-22 18:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhachbb/', "I get a feeling they're starting to regret signing a partnership with this douche", '12v3hq7'], ['u/titsngiggles69', 13, '2023-04-22 18:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhadp9x/', 'Federal pound-me-in-the-ass prison', '12v3hq7'], ['u/Dolladub', 12, '2023-04-22 19:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhai6lh/', 'Ya he admitted to being a heavy meth user in the past', '12v3hq7'], ['u/InsaneMcFries', 11, '2023-04-22 19:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhaiz8q/', 'I don’t think stake has to worry. Gamblers be gambling. If this guy goes off to prison hopefully that’s the end of his trashy influence on vulnerable potential gamblers. Stake is no freaking angel either.\n\nBut I guess, we are also part of a casino, so what can we say.', '12v3hq7']]], ['u/JoeDoppelganger', 'TIFU or the story of how I got into $750,000 in debt and my journey to closing it (part', 64, '2023-04-22 13:51', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/', "No, I'm not a gambler, I don't short bitcoin, and I don't have a problem with alcohol or drugs. What led me to this situation is a small online business that since the beginning of the pandemic I tried to save in every possible way, and gave up at the moment when in my Excel sheet with debts shone the figure of $750,000.\n\nMy psychologist advised me to start writing about it, which might help me recover my mental health a bit. On the other hand I thought that my story can help many who were in the same situation do not give up, because at the moment $100,000 I was able to close in 1 year, and the goal is to try to close the remaining amount in the near future.\n\nHow did this happen? It's very simple, the pandemic hit my business the hardest, support from the government was not possible, and since I had employees with their families, I could not afford to throw them out at such a time on the street (although now it looks like a foolish heroism). I had to turn to banks, friends, acquaintances, but unfortunately the business was never able to get back. Which eventually forced me to get into more and more debt.\n\nLast point was when I took the money in debt, and immediately gave them completely to another person or a bank. At this point I was already slowly parting ways with my employees and eventually liquidating the company which was like my child to me.\n\nTL;DR: And now the beginning of 2022, I'm 28 years old, I have $750,000 in debt, every day my cell phone is ringing off the hook with people I owe. Probably someone at this point decides to end it all, but apparently my psyche kind of works, because I forced myself to move on (which I do to this day).\n\nSo as not to make a huge text, I think once a week I'll post a continuation of the story in this thread.\n\nP/s I'm brand new on reddit, so I don't know if I can post links here. If you happen to be interested in following this story in real time, I've started a tweet (with the same nickname) for that.", 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/', '12v3o6g', [['u/quequotion', 26, '2023-04-22 14:17', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9frd9/', 'Without giving any identifiable personal information, could you tell us what your product or service was? The relevance being how hard the pandemic and its aftermath hit that particular sector.\n\nMy gig-based business was wiped out for months, but as an immigrant I was able to get reimbursement (almost a year later) from two governments.', '12v3o6g'], ['u/JoeDoppelganger', 43, '2023-04-22 14:23', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9gc8q/', ">Without giving any identifiable personal information, could you tell us what your product or service was? The relevance being how hard the pandemic and it's aftermath hit that particular sector. \n> \n>My gig-based business was wiped out for months, but as an immigrant I was able to get reimbursement (almost a year later) from two governments.\n\nCafe in a business center. Add to this the fact that the country in which I live absolutely refused to help the business in any way, and even if it helped, because I am a citizen of another country, that is, an immigrant, I could not get anything. \n\nStupid situation, your home country will not help because you do business in another country, and the country where you do business will not help because you are not its citizen.", '12v3o6g'], ['u/quequotion', 20, '2023-04-22 14:29', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9gvvj/', 'God fucking dammit, that was the shit end of the stick.', '12v3o6g'], ['u/stupidcleverian', 21, '2023-04-22 16:42', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9w5oy/', 'This is what bankruptcy exists for. You pay what you can, the rest is washed. It’s on your credit for 7-10 years, but after that it’s off. Much better than contemplating suicide. It’s just money. The people who made loans to you made a bet. Sometimes their bets fail. But don’t let it ruin your life.', '12v3o6g']]], ['u/escodelrio', 'Bitcoin is Still Up 64% Year to Date. HODL!', 92, '2023-04-22 15:28', 'https://www.reddit.com/r/Bitcoin/comments/12v5y00/bitcoin_is_still_up_64_year_to_date_hodl/', '\n\nhttps://reddit.com/link/12v5y00/video/k672d8rvtfva1/player', 'https://www.reddit.com/r/Bitcoin/comments/12v5y00/bitcoin_is_still_up_64_year_to_date_hodl/', '12v5y00', [['u/KiXiT', 10, '20... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Illustration by Mitchell Preffer for Decrypt This week, markets were at the mercy of macroeconomic factors as some at the Fed have indicated another rate hike is due next month. Crypto was also subjected to intense scrutiny by regulators in both the U.S. and EU. Bitcoin and Ethereum led the downturn, with similar seven-day losses of over 10% impacting many leading cryptocurrencies. The U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto made headlines on Monday when the regulator sued yet another big crypto business for alleged failure to comply with securities laws, Seattle-based exchange Bittrex . Delphi Labs’ Gabriel Shapiro was outraged by the agency’s description of the Dash (DASH) token as a security. I just read SEC's case against Bittrex & am floored...more aggressive than could've been imagined and goes directly against Dash's no-premine model, saying DASH is a security despite the fact that the devco is funded by validators out of block rewards... pic.twitter.com/McpZEYTK1O — _gabrielShapir0 (@lex_node) April 17, 2023 On Thursday, The European Parliament passed the Markets in Crypto Assets (MiCA) bill with 517 votes in favor, 38 against, and 18 abstentions. The legislation now gives the bloc’s 27 constituent states a unified approach to crypto. Rebecca Retig, Chief Policy Officer at Polygon Labs, wrote a thread on Monday arguing that the bloc still needed to tweak its data act, which she described as “overbroad” and “ likely unenforceable in decentralized systems.” 1/ 🚨Today @0xPolygonLabs published an open letter to the EU on Art. 30 of the #DataAct , which could have serious consequences for permissionless smart contracts. @Ledger has joined in proposing amendments to narrow Art. 30 to protect decentralized software development. Read 👇 pic.twitter.com/AZHGCm14sQ — Rebecca Rettig (@RebeccaRettig1) April 17, 2023 Institutional Bitcoin whale Michael Saylor complained about all the sats he was receiving on Tuesday. Story continues So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 Crypto lawyer Rodrigo, who tweets under the handle @RSSH273 , tweeted a lengthy legal objection to the sanctioning of crypto privacy mixer Tornado Cash by U.S. authorities. We filed an amicus in the suit that 6 Tornado Cash users brought against the unprecedented sanctions of TC open-source code Our argument is simple: Sanctions only apply to “people” or “entities,” and their “property.” TC fits none of those definitions—it is just open-source code pic.twitter.com/oCKuRpIFyZ — Rodrigo (@RSSH273) April 17, 2023 Coinbase CEO Brian Amstrong flexed his diplomatic muscle in London on Tuesday. Later in the week the exchange announced extensive expansion plans ,\xa0 a maneuver to counteract the increasing assertiveness and aggressiveness of U.S. regulators towards the exchange and industry in recent months. Great meeting today with UK Economic Secretary and City Minister @griffitha . The UK is moving fast on sensible crypto regulation to both drive economic growth AND consumer protection. Excited to keep investing in the UK. 🇬🇧 pic.twitter.com/478PQSLmDe — Brian Armstrong (@brian_armstrong) April 17, 2023 Twitter user @Tayvano_ flagged a multimillion dollar wallet draining operation that has been active since December. For the past 48hrs I've been unwinding a massive wallet draining operation 😳😭 I don't know how big it is but since Dec 2022 it's drained 5000+ ETH and ??? in tokens / NFTs / coins across 11+ chains. Its rekt my friends & OGs who are reasonably secure. No one knows how. pic.twitter.com/MafntG7RkP — Tay 💖 (@tayvano_) April 18, 2023 Republican Tom Emmer’s appearance at a hearing in Washington on the oversight of the SEC made the rounds on Twitter with an eminently quotable soundbite. At the hearing, Emmer grilled SEC chair Gensler and said, “You’ve been an incompetent cop on the beat,” before claiming the SEC chair was pushing American firms into the “hands of the CCP (Chinese Communist Party).” And he’s pushing innovation into the hands of a communist country, the United States’ number one adversary: pic.twitter.com/lE0Q4TuhYa — Tom Emmer (@GOPMajorityWhip) April 18, 2023 Blockchain sleuth @ZachXBT on Wednesday compiled a long list of scams that rapper Soulja Boy has shilled since he got involved in crypto. 1/ In recent weeks influencers have given @souljaboy praise for new NFT projects in hopes of clout. In reality he has been one of the most shameless promoters in the crypto space. In my research I observed 73 promotions & 16 NFT drops done by him. Many of these were scams. pic.twitter.com/8xRDN79S5t — ZachXBT (@zachxbt) April 19, 2023 Do the “hiccups” referred to in writer and lawyer @NYCSouthpaw ’s tweet refer to blanket refusals from mama and papa Bankman-Fried to have their phones compromised in such an intrusive manner? Likely! One of SBF’s bail conditions is his parents have to have cell phones that automatically snap photos of the user every couple minutes, and they’re having some hiccups setting it up. https://t.co/i8NHWcb1qH — southpaw (@nycsouthpaw) April 19, 2023 On Thursday, news hit Twitter that Tornado Cash developer Alex Pertsev, who was arrested by Dutch authorities in August for allegedly facilitating money laundering, is getting released next Wednesday so he can prepare for his trial at home. tornado cash dev alex pertsev reportedly released just now pic.twitter.com/Lg1s01VaRP — banteg (@bantg) April 20, 2023 Gabriel Shapiro that day pitched his idea of a BORG. An abbreviation for “cybernetic organization,” the BORG is a “new middle” between the decentralized and autonomous principles of DAOs and the legal entitlements and compliant structures of traditional business entities. BORGs merge traditional business entities with smart contracts, offering a new path for DAO legal structuring. They are the culmination of years of my thinking on how to bridge meatspace corporate law & the on-chain world. pic.twitter.com/gaME7yXdvh — _gabrielShapir0 (@lex_node) April 20, 2023 Finally, Dogecoin creator turned-nocoiner Billy Markus still thinks crypto is a lunatic’s game. investing in crypto is literally just investing in mental illness which i suppose is on the rise, so… — Shibetoshi Nakamoto (@BillyM2k) April 22, 2023", 'This week, markets were at the mercy ofmacroeconomic factorsas some at the Fed have indicated another rate hike is due next month. Crypto was also subjected to intense scrutiny by regulators in both the U.S. and EU. Bitcoin and Ethereum led the downturn, with similar seven-day losses of over 10% impacting many leading cryptocurrencies.\nThe U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto made headlines on Monday when the regulator sued yet another big crypto business for allegedfailure to complywith securities laws, Seattle-based exchangeBittrex. Delphi Labs’ Gabriel Shapiro was outraged by the agency’s description of the Dash (DASH) token as a security.\nOn Thursday, The European Parliament passed theMarkets in Crypto Assets(MiCA) bill with 517 votes in favor, 38 against, and 18 abstentions. The legislation now gives the bloc’s 27 constituent states a unified approach to crypto. Rebecca Retig, Chief Policy Officer at Polygon Labs, wrote a thread on Monday arguing that the bloc still needed to tweak its data act, which she described as “overbroad” and “likely unenforceablein decentralized systems.”\nInstitutional Bitcoin whale Michael Saylor complained about all the sats he wasreceivingon Tuesday.\nCrypto lawyer Rodrigo, who tweets under the handle@RSSH273, tweeted a lengthy legal objection to the sanctioning of crypto privacy mixer Tornado Cash by U.S. authorities.\nCoinbase CEO Brian Amstrong flexed his diplomatic muscle in London on Tuesday. Later in the week the exchange announced extensiveexpansion plans,\xa0 a maneuver to counteract the increasing assertiveness and aggressiveness of U.S. regulators towards the exchange and industry in recent months.\nTwitter user@Tayvano_flagged a multimillion dollar wallet draining operation that has been active since December.\nRepublican Tom Emmer’s appearance at a hearing in Washington on the oversight of the SEC made the rounds on Twitter with an eminently quotable soundbite. At the hearing, Emmer grilled SEC chair Gensler and said, “You’ve been an incompetent cop on the beat,” before claiming the SEC chair was pushing American firms into the “handsof the CCP(Chinese Communist Party).”\nBlockchain sleuth@ZachXBTon Wednesday compiled a long list of scams that rapper Soulja Boy has shilled since he got involved in crypto.\nDo the “hiccups” referred to in writer and lawyer@NYCSouthpaw’s tweet refer to blanket refusals from mama and papa Bankman-Fried to have theirphones compromisedin such an intrusive manner? Likely!\nOn Thursday, news hit Twitter that Tornado Cash developer Alex Pertsev, who was arrested by Dutch authorities in August for allegedly facilitating money laundering, isgetting releasednext Wednesday so he can prepare for his trial at home.\nGabriel Shapiro that day pitched his idea of a BORG. An abbreviation for “cybernetic organization,” the BORG is a “new middle” between the decentralized and autonomous principles of DAOs and the legal entitlements and compliant structures of traditional business entities.\nFinally, Dogecoin creator turned-nocoiner Billy Markus still thinks crypto is a lunatic’s game.', "Decentralization may be core to crypto\x92s DNA, but the same cannot be said about people\x92s preferences when engaging with digital assets, said Arthur Hayes. The distribution of decision-making and control is an essential component of Satoshi Nakamoto\x92s vision for Bitcoin in 2008, well before the dawn of the digital assets industry. But Hayes, the former CEO of cryptocurrency exchange BitMEX, suggested this central tenet isn\x92t important to the masses. \x93At the end of the day, the average person doesn't actually care about decentralization or centralization,\x94 he said on the latest episode of Decrypt\x92s gm podcast . \x93If you want to actually become your own financial institution and take control of the destiny of your finances, that's there for you to do at this point, [but] it's harder to use.\x94 Digital assets are decentralized in the sense that they do not require financial institutions for someone to maintain ownership of their funds or conduct transactions. Yet millions of people opt to rely on centralized institutions that offer frictionless crypto-related products and services, Hayes claimed, making the technology more palatable for the masses. \x93[A] good price, good product, good user experience,\x94 he said, \x93That's all the majority of you will care about and will care about in the future.\x94 There are plenty of centralized entities in the digital assets industry today, including major exchanges like Binance or Coinbase. But as crypto crashed last year, scrutiny of centralized actors like FTX intensified, fueled by the company\x92s apparent mismanagement at the hands of former CEO Sam Bankman-Fried. A common catchphrase invoked in crypto is, \x93 Not your keys, not your crypto. \x94 The adage is popular among those who adhere strongly to the fundamental ideals of the technology. Yet, from Hayes\x92 point of view, centralized players provide a crucial middle-ground\x97allowing people to participate in owning crypto without requiring them to navigate the complexity of financial sovereignty entirely on their own. Story continues \x93Most people don't want anything to do with running their finances,\x94 He said. \x93They want to have meaningful work, save some money, [and] provide for their family.\x94 Non-custodial wallets and decentralized exchanges are notable examples of how crypto doesn\x92t require financial intermediaries to serve as an asset. But Hayes suggested that there\x92s a lack of demand for decentralized crypto products because the impact it has on the bottom line when it comes to investing is somewhat negligible to most people. Hayes pointed to inflation as something that provokes greater engagement in crypto than the concept of decentralization, which he said can \x93create speculators out of everyone.\x94 Further, the notion that wages for the average worker are not keeping up with increases in the cost of living stokes more involvement in financial markets, whether that\x92s trading crypto, gold, stocks, or any other asset, Hayes posited. He added that whether or not a decentralized crypto product is eventually widely adopted by the masses will likely be determined by factors outside of crypto, such as inflation or the recent banking crisis in the U.S., based on how much those events could disrupt their lives. Hayes noted the fear among depositors in Silicon Valley Bank that they would not be made whole when the bank failed last month as one recent example. It was the second-largest failure of a bank in U.S. history. Even then, it might not ever get to the point where the average person manages their own crypto or trades on a decentralized exchange, he said. But that \x93might still be okay,\x94 because not everyone has a \x93desire to run their own finances,\x94 regardless of crypto\x92s future learning curve. Hayes said he believes the balance between centralization and decentralization could change over time as decentralized crypto products become more robust. \x93Hopefully, there [are] more people working on solutions that make that easier to use so that competition is a little bit more fair,\x94 he said.", "Decentralization may be core to crypto’s DNA, but the same cannot be said about people’s preferences when engaging with digital assets, said Arthur Hayes.\nThe distribution of decision-making and control is an essential component of Satoshi Nakamoto’s vision for Bitcoin in 2008, well before the dawn of the digital assets industry. But Hayes, the former CEO of cryptocurrency exchange BitMEX, suggested this central tenet isn’t important to the masses.\n“At the end of the day, the average person doesn't actually care about decentralization or centralization,” he said on the latest episode of Decrypt’sgm podcast. “If you want to actually become your own financial institution and take control of the destiny of your finances, that's there for you to do at this point, [but] it's harder to use.”\nDigital assets are decentralized in the sense that they do not require financial institutions for someone to maintain ownership of their funds or conduct transactions. Yet millions of people opt to rely on centralized institutions that offer frictionless crypto-related products and services, Hayes claimed, making the technology more palatable for the masses.\n“[A] good price, good product, good user experience,” he said, “That's all the majority of you will care about and will care about in the future.”\nThere are plenty of centralized entities in the digital assets industry today, including major exchanges like Binance or Coinbase. But as crypto crashed last year,scrutiny of centralized actorslike FTX intensified, fueled by the company’s apparent mismanagement at the hands of former CEO Sam Bankman-Fried.\nA common catchphrase invoked in crypto is, “Not your keys, not your crypto.” The adage is popular among those who adhere strongly to the fundamental ideals of the technology.\nYet, from Hayes’ point of view, centralized players provide a crucial middle-ground—allowing people to participate in owning crypto without requiring them to navigate the complexity of financial sovereignty entirely on their own.\n“Most people don't want anything to do with running their finances,” He said. “They want to have meaningful work, save some money, [and] provide for their family.”\nNon-custodial wallets and decentralized exchanges are notable examples of how crypto doesn’t require financial intermediaries to serve as an asset. But Hayes suggested that there’s a lack of demand for decentralized crypto products because the impact it has on the bottom line when it comes to investing is somewhat negligible to most people.\nHayes pointed to inflation as something that provokes greater engagement in crypto than the concept of decentralization, which he said can “create speculators out of everyone.”\nFurther, the notion that wages for the average worker are not keeping up with increases in the cost of living stokes more involvement in financial markets, whether that’s trading crypto, gold, stocks, or any other asset, Hayes posited.\nHe added that whether or not a decentralized crypto product is eventually widely adopted by the masses will likely be determined by factors outside of crypto, such as inflation or the recent banking crisis in the U.S., based on how much those events could disrupt their lives.\nHayes noted the fear among depositors in Silicon Valley Bank that they would not be made whole when thebank failedlast month as one recent example. It was the second-largest failure of a bank in U.S. history.\nEven then, it might not ever get to the point where the average person manages their own crypto or trades on a decentralized exchange, he said. But that “might still be okay,” because not everyone has a “desire to run their own finances,” regardless of crypto’s future learning curve.\nHayes said he believes the balance between centralization and decentralization could change over time as decentralized crypto products become more robust.\n“Hopefully, there [are] more people working on solutions that make that easier to use so that competition is a little bit more fair,” he said.", 'Public sector employees in the Chinese city of Changshu will start receiving their salaries in central bank digital currency (CBDC) next month, as China’s rollout of the financial technology continues apace.\nThe new initiative will impact employees like doctors, teachers, and journalists, according to theSouth China Morning Post. Located less than 100 miles from Shanghai, Changshu City is home to more than 1.5 million residents.\nThe notice came from the city’s financial authorities, according to alocal mediareport. Described as a “Notice on the Implementation of Full Salary Digital Renminbi Issuance,” the shift will be effective starting in May.\nAs of this month, China’s CBDC rollout has expanded to 26 different regions in 17 of 23 provinces, the report states. Not far from Changshu City, Taicang was the first location with a public institution to fully offer wages in digital yuan, a milestone reached in July last year.\nChina Releases Digital Yuan Wallet as Bitcoin Crackdown Continues\nAnotherreportnoted that Changshu City has previously promoted the digital yuan’s use in certain situations, such as paying for public transport, medical expenses, groceries, and utilities like gas and water.\nChangshu City falls within the jurisdiction of China’s Suzhou, Jiangsu Province. The city of Suzhou was one of China’s initialtesting groundsfor its pilot of the yuan in 2020, as well as Shenzhen, Xiongan, and Chengdu.\nIn December of that year, citizens of Suzhou participated in aCBDC airdrop, where $3 million worth of digital yuan was distributed among 10,000 residents.\nCBDCs resemble stablecoins because they are digital tokens pegged to the price of a sovereign currency such as the U.S. dollar or Chinese yuan. However, instead of being issued by commercial entities on decentralized networks, CBDCs are issued and controlled by a country’s government or central bank.\nUS Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee\nThe shift comes amid growing chatter in the U.S. about the potential dangers of a CBDC, whichrecently spreadto both sides of the political aisle. Florida’s Republican governor Ron DeSantis and Democrat Robert F. Kennedy Jr. have slammed the technology as prone to abuse and an affront to Americans’ financial privacy rights.\nDevelopments in China overlap withHong Kong’s reemergenceas a potential place for digital asset actors to do business, especially amid a regulatory crackdown on crypto in the U.S. thatsome politicians have warnedwill push the industry abroad.\nWhile only 11 countries, including the Bahamas, have fully launched a CBDC, the technology has a growing foothold across the globe, according to the Atlantic Council’sCBDC tracker. One hundred countries are piloting, researching, or developing the technology today.', 'Public sector employees in the Chinese city of Changshu will start receiving their salaries in central bank digital currency (CBDC) next month, as China’s rollout of the financial technology continues apace. The new initiative will impact employees like doctors, teachers, and journalists, according to the South China Morning Post . Located less than 100 miles from Shanghai, Changshu City is home to more than 1.5 million residents. The notice came from the city’s financial authorities, according to a local media report. Described as a “Notice on the Implementation of Full Salary Digital Renminbi Issuance,” the shift will be effective starting in May. As of this month, China’s CBDC rollout has expanded to 26 different regions in 17 of 23 provinces, the report states. Not far from Changshu City, Taicang was the first location with a public institution to fully offer wages in digital yuan, a milestone reached in July last year. China Releases Digital Yuan Wallet as Bitcoin Crackdown Continues Another report noted that Changshu City has previously promoted the digital yuan’s use in certain situations, such as paying for public transport, medical expenses, groceries, and utilities like gas and water. Changshu City falls within the jurisdiction of China’s Suzhou, Jiangsu Province. The city of Suzhou was one of China’s initial testing grounds for its pilot of the yuan in 2020, as well as Shenzhen, Xiongan, and Chengdu. In December of that year, citizens of Suzhou participated in a CBDC airdrop , where $3 million worth of digital yuan was distributed among 10,000 residents. CBDCs resemble stablecoins because they are digital tokens pegged to the price of a sovereign currency such as the U.S. dollar or Chinese yuan. However, instead of being issued by commercial entities on decentralized networks, CBDCs are issued and controlled by a country’s government or central bank. US Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee Story continues The shift comes amid growing chatter in the U.S. about the potential dangers of a CBDC, which recently spread to both sides of the political aisle. Florida’s Republican governor Ron DeSantis and Democrat Robert F. Kennedy Jr. have slammed the technology as prone to abuse and an affront to Americans’ financial privacy rights. Developments in China overlap with Hong Kong’s reemergence as a potential place for digital asset actors to do business, especially amid a regulatory crackdown on crypto in the U.S. that some politicians have warned will push the industry abroad. While only 11 countries, including the Bahamas, have fully launched a CBDC, the technology has a growing foothold across the globe, according to the Atlantic Council’s CBDC tracker . One hundred countries are piloting, researching, or developing the technology today.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $533,099,142,950 - Hash Rate: 355961504.6329083 - Transaction Count: 432760.0 - Unique Addresses: 604273.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether extended their declines in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the world’s biggest crypto exchange, for allegedly violating trading mandates . Asian markets mostly gained on Tuesday, reflecting a rise in U.S. equities on Monday, as investor sentiment picked up following a slew of positive announcements that eased fears of a banking sector crisis. See related article: Binance rejects U.S. charges of violating trading rules, manipulating markets Fast facts Bitcoin, the world’s biggest cryptocurrency by market cap, lost 3.06% to US$26,960 in 24 hours to 4 p.m. in Hong Kong, according to data from CoinMarketCap , declining 2.22% in the last seven days. Ethereum dropped 1.61% to US$1,724, after losing 0.6% on the week. BNB, the native token of the world’s largest crypto exchange Binance, saw the biggest decline among top 10 cryptos. The token dropped 5.19% in the last 24 hours to US$309, after the U.S. Commodity Futures Trading Commission said Monday it filed a “civil enforcement action” lawsuit against Binance and its top executives for allegedly breaking trading rules. XRP was the only token among top 10 cryptos to gain in Tuesday afternoon trade in Asia, climbing 5.61% to US$0.4843, and has risen 25.47% on the week. The gains come as Ripple Labs, whose payment network is powered by XRP, expects to win a lawsuit filed against it by the U.S. Securities and Exchange Commission for allegedly selling US$1.3 billion in unregistered securities. The global crypto market capitalization dropped 1.96% to US$1.13 trillion, while the total crypto market volume gained 30.1% to US$43.42 billion in the last 24 hours. The Forkast 500 NFT index fell 0.54% to 4,004.93 on the day and declined 3.34% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. Asian equity markets mostly rose on Tuesday after concerns regarding a banking industry crisis eased. Hong Kong’s Hang Seng Index rose 1.11%, South Korea’s Kospi increased 1.07% and Japan’s Nikkei 225 gained 0.15%. The Shanghai Composite lost 0.19% and the Shenzhen Component Index dropped 0.72%, over concerns that Covid-19 related disruptions continue to hamper China’s economic recovery . Gold slid 0.24% to US$1,951 an ounce, after falling 1% on Monday. The precious metal remains under its one-year high of US$2,000 that it touched last week. European bourses rose for a second consecutive day. The benchmark STOXX 600 gained 0.34% and Germany’s DAX 40 advanced 0.5%. European Central Bank President Christine Lagarde will speak at the opening ceremony of the Bank for International Settlements’ Innovation Hub Eurosystem Centre later Tuesday. London’s benchmark FTSE 100 rose 0.43% during the day, after Bank of England Governor Andrew Bailey said the country’s financial system is resilient and has robust capital, but warned that interest rates may move higher. See related article: Is our banking system obsolete? View comments... - Reddit Posts (Sample): [['u/mbdtf95', 'If people who created Buttcoin sub on the day they created it decided to invest $100 in Bitcoin instead that day and not sell, they would have $211k worth of BTC now', 1644, '2023-04-23 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/', "So that subreddit which is just a community of BTC and crypto haters was created on 18th of July in 2011. \n\nhttps://www.statmuse.com/money/ask/bitcoin+price+2011\n\nLooking at the price chart from 2011, back then price of 1 BTC was hovering at $13.16 on that particular day meaning just $100 would get you 7.6 BTC at the time. At current time of writing this, this would be worth about $211k right now. At the peak of Bitcoin back in 2021's bullrun, worth of that would be well over half a million USD.\n\n It's amazing that haters on there are longstanding users, hating for more than 10 years constantly on a thing like Bitcoin and crypto. Imagine hating something so much, calling it a ponzi scheme, a scam etc... for years and see that exact thing you're hating go from few dollars to over $50k, and you still keep hating it over the years being delusional.", 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/', '12vma5t', [['u/mishaog', 34, '2023-04-23 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbr312/', 'hindsight is 20/20', '12vma5t'], ['u/astockstonk', 12, '2023-04-23 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbsgek/', 'Beavis invested in Bitcoin. \n\nButt-Head created Buttcoin instead.', '12vma5t'], ['u/samer109', 24, '2023-04-23 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbsswy/', "Buttcoiners be like:\n\n- I'm glad I didn't buy bitcoin when it was $100, it's too risky and volatile.\n- I'm glad I didn't buy bitcoin when it was $1000, it's a bubble and a scam.\n- I'm glad I didn't buy bitcoin when it was $10,000, it's a Ponzi scheme and a waste of energy.\n- I'm glad I didn't buy bitcoin when it was $100,000, it's a fad and a cult.\n- I'm glad I didn't buy bitcoin when it was $1,000,000, it's too late and too expensive.", '12vma5t'], ['u/Calm_Lemonade', 14, '2023-04-23 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbt9bl/', 'Not exactly the case for them since they hate it anyway', '12vma5t'], ['u/Harold838383', 13, '2023-04-23 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbtwp5/', 'This should be posted in their sub', '12vma5t'], ['u/Cryptizard', 140, '2023-04-23 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbu2ob/', "If you had the opportunity to invest early in a ponzi scheme and make a bunch of money, but you thought at the time it was a ponzi scheme and knew that it would be taking money from other people, would you do it? That is what you are suggesting here. I don't agree with them, but they are at least consistent and believe in something. That is worthy of respect. Or do you just want to go through life with everyone agreeing with everything you say and never challenging you?", '12vma5t'], ['u/Consistent_Many_1858', 286, '2023-04-23 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbup3w/', "99% of us would have sold it at $10 or less. That's the truth.", '12vma5t'], ['u/Popular_Worry_9294', 11, '2023-04-23 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbuuqf/', 'Buttcoiners should keep not buying Bitcoin so price can go up more. We should thank them.', '12vma5t'], ['u/Kiiaru', 15, '2023-04-23 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbviww/', 'Same. I think it\'s good to see what crypto opponents have to say. A lot of their criticism is valid, and I do think crypto as a whole suffers from toxic positivity, celebrating all things even remotely positive as great while sweeping bad under the rug, or proclaiming that the bad things "aren\'t really bad because X"', '12vma5t'], ['u/experiencenonsense', 317, '2023-04-23 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbw85m/', "Posts like this help further demonstrate that crypto is only about number go up and that's more important than any utility or use case. As long as you can make a profit, that's what's truly important.", '12vma5t'], ['u/Harucifer', 11, '2023-04-23 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbxb7z/', '>even after all the things Bitcoin achieved in those 10 years.\n\nCan you name one meaningful achievement other than price (or "LiNe Go uP")? Bitcoin is less used for transactions today than it ever was. People just want to buy and hoard it while the whitepaper clearly stated it\'s supposed to be transacted with.', '12vma5t'], ['u/Onyourknees__', 61, '2023-04-23 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbxeyw/', "Guess I'm in the 1% that would have held out for at least an 🎱 on the silken highway.", '12vma5t'], ['u/Trylks', 11, '2023-04-23 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbyak9/', 'They know. That fuels their hate too.', '12vma5t'], ['u/Elie0_0', 27, '2023-04-23 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbztay/', "Exactly, this is ridiculous.\n\n\n\nWhy would they have invested, when they don't think that it's price determines anything?", '12vma5t'], ['u/Legitimate_Concern_5', 16, '2023-04-23 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc0rxt/', 'Nope, it’s from first principles. Hated it then and hate it now because it doesn’t make any sense. You’ll find a lot of us know an awful lot about crypto, blockchain, economics and the space as a whole. A lot of us are software engineers. Even my coiner friends ask me for updates on the space.\n\nThe fundamentals have not changed. On that we might even agree?\n\nAnyways there’s tons of ways to make money. Only thing you’ve gotta be is right, at the right time. haha. Everyone’s constantly missing out on hundreds of ways to be wealthy. It’s just the nature of life.\n\nBut look, I do wish you all the best.', '12vma5t'], ['u/Baecchus', 72, '2023-04-23 02:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc1pa3/', 'I can transfer value from anywhere to anywhere at anytime without a middle man while having 100% custody over my assets. Sounds like a use case to me.', '12vma5t'], ['u/Baecchus', 18, '2023-04-23 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc24km/', 'I don\'t think the "you\'d be up this much" argument is very useful either. If I bought Pepe at the perfect time I\'d turn $250 into a million as well. Doesn\'t prove anything about Pepe.', '12vma5t'], ['u/Baecchus', 17, '2023-04-23 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc2qs2/', "I don't think those people even know what a ponzi scheme is. That word is thrown around every 10 seconds but people don't seem to know where it came from and what it's used to describe. Nothing about BTC makes it a ponzi scheme.\n\n[Here's a Charles Ponzi documentary](https://www.youtube.com/watch?v=w4waqVKanxA&vl=en) for those who are actually interested in learning instead of throwing that word around ignorantly.", '12vma5t'], ['u/Bucksaway03', 21, '2023-04-23 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc35kp/', 'Without being charged $16 or something ridiculous to', '12vma5t'], ['u/elysiansaurus', 33, '2023-04-23 02:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc3au2/', 'This, why would they invest $100 in something that they are almost certain is a scam, if anything, as Bitcoin rose over the years the sub probably lost some members who got converted into being pro Bitcoin.', '12vma5t'], ['u/Elie0_0', 12, '2023-04-23 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc47lv/', 'Alright Shakespeare', '12vma5t'], ['u/nicklor', 10, '2023-04-23 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc5enw/', 'I think if anything it discourages actual use because by spending it you are losing potential revenue for example the famous pizza story. Who wants to spend BTC at 30k when it might be at 100k in a year.', '12vma5t'], ['u/DunamisMax', 43, '2023-04-23 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc5kzs/', 'What percentage of the population in modern civilized countries actually needs to do that, legitimately asking? Maybe 1% at most? We already have a multitude of completely free and instant forms of sending cash to others (Zelle for example). I understand the whole "no middle man" thing, but no one cares about that.', '12vma5t'], ['u/conceiv3d-in-lib3rty', 10, '2023-04-23 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc63s8/', 'ser what do u mean, i’m in it for the tech', '12vma5t'], ['u/jvsephii', 15, '2023-04-23 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc6n5d/', 'Actually, things like Zelle, PayPal, Cashapp etc are not available everywhere (at least not in my country/region)... and if available, they come with ridiculous restrictions.\n\nI personally care about the no middle man thing a lot. Imagine getting access to your payment/payout within seconds to minutes sent all the way from the other end of the world, all without hitches.', '12vma5t'], ['u/Cryptizard', 21, '2023-04-23 02:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc721z/', 'Less than [2.5% of BTC transactions](https://www.wsj.com/articles/bitcoins-one-percent-controls-lions-share-of-the-cryptocurrencys-wealth-11639996204) are for payments.', '12vma5t'], ['u/Preachey', 17, '2023-04-23 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc8130/', "That's literally what you and everyone else is doing in this thread tho 🤔", '12vma5t'], ['u/limasxgoesto0', 28, '2023-04-23 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc8jbh/', "The only charge I've ever seen that I would call ridiculous is eth gas fees", '12vma5t'], ['u/XiChineseWinnie', 47, '2023-04-23 03:15', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc976z/', "wait there's a utility? i thought the goal was to hodl until profit?!?!", '12vma5t'], ['u/Baecchus', 19, '2023-04-23 03:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcaqdj/', "Paypal isn't available in my country either. BTC has been a life saver in more than one scenario for me personally. \n\nI guess it's hard to appreciate decentralisation if you live in a first world country where you don't run into such problems, but saying there isn't a legit use case for Crypto is just flat out wrong.", '12vma5t'], ['u/naughtilidae', 21, '2023-04-23 03:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcbquw/', 'Are you just selectively choosing to ignore fees for bitcoin in 2018?', '12vma5t'], ['u/milonuttigrain', 37, '2023-04-23 03:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcbxyw/', 'And then at -90% people say to themselves “in for the tech”', '12vma5t'], ['u/Apart_Maintenance611', 12, '2023-04-23 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcfr2q/', "Don't forget that we rely on hopium too to not sell", '12vma5t'], ['u/blorpianblorp', 21, '2023-04-23 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcfzbj/', "Nah he's right, we woulda sold at a loss then bought again at 60k", '12vma5t'], ['u/hoenndex', 22, '2023-04-23 04:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcgv7w/', "From our point of view, your crypto is either 1) a scam or 2) a casino. I lean towards seeing it as a casino, so I won't judge you for trying to make money from crypto. But I really think the whole space is garbage and that the arguments against crypto are far greater than the arguments for crypto. It is funny coins whose value derives from hype, a negative sum game in which most investors will end up losing money than making profit. \n\nBut keep on thinking we are fools for not getting in early, it just proves our point right this is very close to a decentralized pyramid scheme.", '12vma5t'], ['u/daemmonium', 16, '2023-04-23 04:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhch751/', 'Your financial planning is off by a wide margin if you think that something that can drop like 50% in a year is an hedge against anything.\n\n\nCrypto is and will be for a very long time entirely speculative. You buy it just as you handpick any other stock that you have a lot of faith in the long run', '12vma5t'], ['u/Every_Hunt_160', 10, '2023-04-23 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhchnaw/', 'I’d respect people more if they said ‘In it for the hopium’ over ‘In it for the tech’', '12vma5t'], ['u/Toyake', 25, '2023-04-23 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhciaqc/', 'Probably has something to do with crypto bros being annoying for years on end.', '12vma5t'], ['u/StolenApe', 35, '2023-04-23 04:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhck861/', 'I have to agree, but I’ll add a bit. For most people, number go up is the name of the game and the purist ideals of crypto and what it offers mean very little. \n\nSecondly, there are some arguments made by the buttcoin sub that aren’t actually wrong. Crypto is full of scams, it is very easy to do something wrong and lose your entire net worth and it does require a level of technical proficiency to navigate safely that makes it hard for normal people.\n\nCrypto is not going to be a viable investment vehicle or currency for a lot of people. Implying that people with this view are stupid for not buying crypto is an point of view I think we can safely ignore. No need to try and convince people of your point of view and no point putting people down for a different view. \n\nTl;dr. Posts like this help no one and achieve nothing', '12vma5t'], ['u/EasySeaView', 11, '2023-04-23 05:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcmosp/', '"The tech" being a wastefull and inefficient distributed database thats 30 years old but rebranded to use for 90% scams, 9% useless garbage and 1% useful law dodging.', '12vma5t'], ['u/aMysticPizza_', 179, '2023-04-23 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcndly/', "Hot take: isn't the point of crypto to NOT use fiat? Yet all y'all want to do is cash out for fiat? \n\n🤔", '12vma5t'], ['u/daemmonium', 11, '2023-04-23 05:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcpss0/', 'Oh, sorry, I didn\'t knew I was talking to a millonaire crypto trader with an eagle eye for obvious "buy and sell signals".\n\n\nJesus christ, some people did 50$ to 2000$ with some shitcoin and think making money with crypto is stupid easy. I made more money than what I lost by a lot from crypto, but I never invested heavy enough even if I thought that it was "obvious". Crypto is still high risk/high reward.', '12vma5t'], ['u/marekt14', 11, '2023-04-23 06:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcvp0u/', "They bought at $21 and sold at $13 for a loss. BTC IS A SCAM!\n\nhold up, it's going up and we don't own any anymore? BTC IS A SCAM!\n\nSomething like this happened for sure lol", '12vma5t'], ['u/rockiellow', 35, '2023-04-23 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhczz7s/', 'I held through a whole bull run because of my greedy ass. Not that hard to hold when you’re used to bag holding.', '12vma5t'], ['u/dopef123', 11, '2023-04-23 07:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd11k3/', 'I bought bitcoin at $5 and I never even thought of keeping it. I have the receipts and everything in my email. \n\nThe idea that it would get this big was never even a possibility to me. It was almost impossible to use as a currency and I just assumed that some newer coin would solve issues and replace it.\n\nI still find hints of old wallets that may or may not have bitcoin in them. I really wish I could figure it out.', '12vma5t'], ['u/Invest0rnoob1', 12, '2023-04-23 08:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd5m2k/', 'How do you know?', '12vma5t'], ['u/hang87', 64, '2023-04-23 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd6thx/', 'I’m ready to get the dislikes. I follow many crypto subs, but the Bitcoin sub is the most toxic circle jerk one. I therefore tend to agree more of what they post on buttcoin than on Bitcoin sub. Like bitcoin can save world hunger, energy crisis, bitcoin uses less energy, etc. all of these are ridiculous. I hold some satoshis, but that bitcoin sub makes me hate Bitcoin sub. Too much toxic and unwelcoming. I do agree there are some really smart people there too though.', '12vma5t'], ['u/kirtash93', 12, '2023-04-23 09:21', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd901i/', 'The more experience you get, the easier it becomes.\n\nCurrently I dont even sweat when moving coins to my wallets. I am so used to the process now.', '12vma5t'], ['u/michelbarnich', 14, '2023-04-23 09:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd9wam/', 'Exactly this. The Bitcoin sub is a cult, any opinion (or fact) that doesnt result in buying more Bitcoin is getting banned. You mention the Bitcoin Blockchain has been reset in the early days too? Well now you are banned. You mention that other chains do something better and BTC shoild adopt it? Banned! You even dare to mention adjusting Block size? You guessed it: banned! \n\nLike how is there supposed to be any proper discussion if you cant even admit that another chain is better in some areas?', '12vma5t'], ['u/jarfil', 43, '2023-04-23 10:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhddws2/', ">calling it a ponzi scheme, a scam\n\nTo be completely fair, some ponzi schemes and scams did take more than a decade to get busted.\n\nFor example, [Madoff](https://en.m.wikipedia.org/wiki/Bernie_Madoff)'s ponzi scheme didn't get caught for nearly 40 years!", '12vma5t'], ['u/Jazqa', 10, '2023-04-23 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdfox9/', 'Most of the time I need to transfer money online, I wouldn’t do so without knowing that one of the centralized platforms has my back if things to wrong.', '12vma5t'], ['u/ETHBTCVET', 80, '2023-04-23 11:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdia0l/', "People are proving Buttcoin right, I'm not hiding that I'm here to get rich quick.", '12vma5t'], ['u/Cryptizard', 10, '2023-04-23 11:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdihnd/', 'You just described speculation. Holding something because you believe the price will increase, not because it is actually useful. Thanks for proving my point.', '12vma5t'], ['u/barrydennen12', 11, '2023-04-23 11:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdj7p5/', "I'm trying to work that out right now. The OP is saying that if you had that bitcoin right now, you could swap it right now for actual money and be loaded, right?? I'm so confused by this. Why were crypto people so upset during some of the crashes? They still had exactly the same amount of crypto they had before! Surely its worth in actual cash is meaningless??", '12vma5t'], ['u/Elie0_0', 10, '2023-04-23 12:29', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdlt7u/', "You're here for the wrong reasons then, none of us are going to get rich from Bitcoin, let alone quick lol", '12vma5t'], ['u/DunamisMax', 13, '2023-04-23 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdpwrz/', "If you're worried about economic collapse you should be stockpiling food, water, ammunition, and things that will actually have value at that time. A crypto token will have just as little value as a paper dollar (if not dramatically less) when the economy collapses.", '12vma5t'], ['u/Killertimme', 10, '2023-04-23 15:41', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhe3u7y/', 'you have been banned from /r/Bitcoin\n\nplease messages the moderators. we will ignore you though', '12vma5t']]], ['u/eddi3f', 'I’m no longer just a hodler.', 133, '2023-04-23 04:14', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/', 'Made my first ‘big’ purchase today using bitcoin (lighting) and for some reason it felt SO good.\n\nI’m hoping to find more goods and services that accept Bitcoin to start spending more sats to help create a circular bitcoin economy.\n\nI prefer to spend and replace so I guess I’m no longer just a hodler.', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/', '12vs029', [['u/ryryrocco', 10, '2023-04-23 05:25', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/jhcocm3/', 'Dude', '12vs029'], ['u/togetherwem0m0', 22, '2023-04-23 08:35', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/jhd5nlm/', 'Yet another reason why Cap gains tax on forex and currency needs to end', '12vs029'], ['u/eddi3f', 28, '2023-04-23 10:25', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/jhddenh/', 'I have no idea how the tax would work on bitcoin but it’s insane how I pay tax already and now I have to purchase another asset because the government can’t control the inflation of their main asset yet they want us to pay tax again on the new asset i chose to avoid their mismanagement. Seems very unfair but hey, there goes government violating our property rights again.', '12vs029']]], ['u/KeepStackinSon', '[WTS] Couple of Ultra-Rarities / Investment Coins, $20 Gold Liberty CAC, Charlotte Gold, Proof Large Cent, 1909 S VDB, Certified Peace Dollars, Certified AU $5 Gold Liberty Heads, Circ Dollar Lot', 15, '2023-04-23 05:43', 'https://www.reddit.com/r/CoinSales/comments/12vudvf/wts_couple_of_ultrararities_investment_coins_20/', 'Prices are firm. You pay shipping unless noted. Delivery is guaranteed (see below).\n\nVerification: [https://imgur.com/uvmxXjQ](https://imgur.com/uvmxXjQ)\n\nLot 1: 1944 Steel Cent NGC AU Details Tooled, Cleaned - $20,000\n\nThis is the (not so) Poor Man\'s answer to the 1943 copper.\n\n[https://imgur.com/a/f0hsDmi](https://imgur.com/a/f0hsDmi)\n\nLot 2: 1793 Chain Cent, AMERICA, NGC VF Details Damaged - $14,500\n\nThe back is nice.\n\n[https://imgur.com/a/qz1THnF](https://imgur.com/a/qz1THnF)\n\nLot 3: 1857 C (Charlotte Mint) $1 Gold NGC AU Details Bent - $2,100\n\n[https://imgur.com/a/J1nbY7D](https://imgur.com/a/J1nbY7D)\n\nLot 4: 1848 Proof Large Cent PCGS PR63 BN - $7,600\n\nMintage of 20 or less.\n\n[https://imgur.com/a/WI1d58z](https://imgur.com/a/WI1d58z)\n\nLot 5: 1892 S $20 Gold Liberty NGC & CAC MS62 - $2,600\n\nGreen Sticker\n\n[https://imgur.com/a/OakCM1i](https://imgur.com/a/OakCM1i)\n\nLot 6: 1909 S VDB Lincoln Cent NGC VG8 BN - $770\n\nThe VDB is very faint on this example, so I\'m selling it cheaper.\n\n[https://imgur.com/a/YvdZaem](https://imgur.com/a/YvdZaem)\n\nLot 7: Lot of Thirteen (13) Circ Silver Dollars - $445 shipped\n\nThose Morgans have been played with (Baking Soda\'ed?) but they look too good to sell as culls so I added a couple bucks. They are nice looking coins but they wouldn\'t grade out.\n\n[https://imgur.com/a/d3jBpuN](https://imgur.com/a/d3jBpuN)\n\nLot 8: Certified Peace Dollars\n\nPrices are on the coins. There could possibly be wiggle room on some of those coins (I\'d have to look into it). I can get pics if you are seriously interested in any of these.\n\nThe 1923 S and 1926 S are gone. All others still available.\n\nNote 1923 D price is $420.\n\n[https://imgur.com/a/VCMZ9gg](https://imgur.com/a/VCMZ9gg)\n\nLot 9: NGC/PCGS AU Graded $5 Gold Liberty Heads - $600\n\nI can get pics if you are seriously interested in any of these.\n\n[https://imgur.com/a/hPdgxDI](https://imgur.com/a/hPdgxDI)\n\nNew Items:\n\nLot 10: 1899 Russia Nicholas II 10 Roubles Gold Coin - $660\n\nLot 11: 1899 Russia Nicholas II 5 Roubles Gold Coin - $350\n\n[https://imgur.com/a/QEjeDev](https://imgur.com/a/QEjeDev)\n\n[https://imgur.com/a/incd6rC](https://imgur.com/a/incd6rC)\n\nLot 12: 2018 W Proof $10 Gold Liberty w/ OGP - $325\n\n[https://imgur.com/0dhW8T1](https://imgur.com/0dhW8T1)\n\n[https://imgur.com/a/v1Bkrs5](https://imgur.com/a/v1Bkrs5)\n\n\n\nSHIPPING: Shipping to USA only. I take responsibility for shipping. If tracking says it was delivered or that it was out for delivery (they sometimes forget to do final scan), I consider it delivered. If tracking says it got lost or package damaged and empty, I will reimburse you fully or give you the same product if possible.\n\nShipping will be by USPS first class bubble mailer ($5, only available below 16 oz) or priority flat rate box ($9).\n\nPayment options in order of preference: BTC, Zelle, Venmo, PPGS+3%, PPFF. PPGS will only be available to users with a lot of feedback.\n\nPlease be aware that a scammer pretending to be me is messaging people who are leaving comments here. His payment info contains the name "ric". That is not me. He is also suggesting cashapp. I do not have cashapp\n\n[https://www.reddit.com/r/Pmsforsale/comments/12extmq/meta\\_for\\_the\\_love\\_of\\_god\\_protect\\_yourself\\_from/](https://www.reddit.com/r/Pmsforsale/comments/12extmq/meta_for_the_love_of_god_protect_yourself_from/)', 'https://www.reddit.com/r/CoinSales/comments/12vudvf/wts_couple_of_ultrararities_investment_coins_20/', '12vudvf', [['u/KeepStackinSon', 14, '2023-04-23 05:43', 'https://www.reddit.com/r/CoinSales/comments/12vudvf/wts_couple_of_ultrararities_investment_coins_20/jhcqbb3/', 'Please be aware that a scammer pretending to be me is messaging people who are leaving comments here. His payment info contains the name "ric". That is not me. He is also suggesting cashapp. I do not have cashapp\r \n\r \nhttps://www.reddit.com/r/Pmsforsale/comments/12extmq/meta\\_for\\_the\\_love\\_of\\_god\\_protect\\_yourself\\_from/', '12vudvf']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 23, 2023', 35, '2023-04-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/', '12vuu61', [['u/BatteredLittleFish', 16, '2023-04-23 06:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhctydd/', "This is all noise unless it breaks below 25k and that's if it even gets there at all, likely the bounce will be aggressively front run.", '12vuu61'], ['u/NativeSkill', 14, '2023-04-23 13:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhdrvkq/', 'Or, as usual and again and again, a way for the whales to cash out some, suppressing the price a bit (around 10%), and at the same time trap all the stubborn bears that are providing liquidity now. In a few days, this will punctually shoot up and liquidate a lot of bears. Bear market is over. You had it for two years, now stop this madness and stop betting against BTC.', '12vuu61'], ['u/Essexal', 11, '2023-04-23 19:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhey4mw/', 'Just let 28 happen, it won’t hurt anyone.', '12vuu61'], ['u/[deleted]', 10, '2023-04-23 19:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhf04h5/', 'Just let 25 happen so we can continue the bull run.', '12vuu61']]], ['u/MakerOfMillionaires', '[Draw #89] It’s now time to pick THIS month’s winner! April away!', 201, '2023-04-23 06:40', 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/', "#April Fools’ Day this year was really underwhelming.\n\n#Fun Fact: We were supposed to get the winning YouTube contest video this year, but alas.\n\n*\n\nTL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [[Entry Thread]](https://reddit.com/r/millionairemakers/comments/12ulspc/entry_thread_89_aprils_been_going_places_and_so/), you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.\n\nAdditionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.\n\nImportantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.\n\n\n\nDISCLAIMER:* Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.\n\n*\n\nDiscussion:\n\nThe [Discussion] Thread at /r/millionairemakersmeta is open. The thread also includes dates with RemindMe links for any upcoming [Entry Thread] posts of the season. All comments are welcome there for any inquiries.\n\n[Discussion for Winter and Spring 2023]: https://reddit.com/r/millionairemakersmeta/comments/zowh3x/discussion_thread_for_rmillionairemakers/\n\n\n\nExplanation:\n\nThe Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3^rd Block* after the time (being 16:00 UTC) to select the winner.\n\nIf a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it is discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.\n\nYou can see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.\n\n*\n\nStandard Protocol:*\n\nThis post will not be edited!* This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.\n\nTo verify if a hash for a file is that of Draw #89, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.\n\nIf you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: Draws/MM89\n\n*\n\nStatus Reports:\n\n/u/MakerOfMillionaires will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.\n\nIf you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.\n\n\n\nInformation Used For Draw #89:\n\n GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/master/Draws/MM89\n\n SHA-256 of Comment IDs: 079937200e0b4c7a17263f41776d882fc5a1b8c6be34107d143ccf8d26fdc0ed\n SHA-256 of DQed Age: d6f8ae5efe195745584c08a52a9b3224bb63cab2977496f1ac78f292607421de\n SHA-256 of Multiple Posters: cd670fb2848d70d32b29f9ee0ee1656822b7dd9852e08097e60353d2ca0a051f\n SHA-256 of Truncated IDs: 1cd39661f876ca6becc738e737d3c785b66f769dc542e524c75e9222a5031378\n\n Block Selection: The Third Bitcoin Block After 23 April 2023 - 16:00:00 UTC\n Total Participants: 4962", 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/', '12vvuf4', [['u/VerifiableFontophile', 40, '2023-04-23 07:00', 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/jhcxy26/', 'Godspeed, but not in school zones', '12vvuf4'], ['u/eyemgae', 30, '2023-04-23 20:33', 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/jhf8vmq/', "Oh shit, I can't believe I was picked!", '12vvuf4']]], ['u/rBitcoinMod', 'Daily Discussion, April 23, 2023', 36, '2023-04-23 08:02', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/', "Please utilize this sticky thread for all general Bitcoin* discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/', '12vxuv1', [['u/Umpire_State_Bldg', 12, '2023-04-23 15:47', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhe4ly4/', '> So the more difficult it becomes to mine and the more expensive Bitcoin is to buy, \n\nThe cart does not push the horse around town; the horse pulls the cart.\n\nSimilarly, mining difficulty does not cause the price of Bitcoin to change; rather, the price of Bitcoin affects mining activity.\n\n---------------------------------\n\n> you are all still convinced that mining becomes more decentralised?\n\nRight now, mining is "decentralized enough". We won\'t see a single entity with 50% or more of the hashing power. Here\'s why. If a single entity obtained that much hash power, it would cause concern about a "51% attack" and that would push down on the price of Bitcoin - lower Bitcoin price is the last thing a Bitcoin miner wants to encounter. \n\nIn the past, when one particular mining pool grew to be close to 50% of the hashing power, the participants willingly split themselves into smaller mining pools in order to protect their investments in mining equipment, etc. \n\nThere is no financial advantage to having a monopoly on Bitcoin mining.', '12vxuv1'], ['u/escodelrio', 15, '2023-04-23 16:16', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhe8blk/', 'Historical Bitcoin prices for today, April 23rd:\r \n\r \n2023 - $27,647\r \n2022 - $39,733\r \n2021 - $51,161\r \n2020 - $7,557\r \n2019 - $5,540\r \n2018 - $8,938\r \n2017 - $1,248\r \n2016 - $453\r \n2015 - $236\r \n2014 - $487\r \n2013 - $143\r \n2012 - $5\r \n2011 - $1.7\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1650092557018251264).', '12vxuv1'], ['u/cubeeless', 13, '2023-04-23 16:55', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhedin9/', 'BTC to $300k!', '12vxuv1'], ['u/SammyCraigar', 12, '2023-04-23 22:08', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhfml9h/', "I'm going to be getting a Trezor here soon. I feel like I'm finally growing up. Baby steps.", '12vxuv1']]], ['u/rawbery79', 'WWBTC for questioning pedicurist skills after an accident?', 59, '2023-04-23 09:34', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/', 'Hello, it is us, [Casey](https://i.imgur.com/yf6RqY4.jpg) and [Pixel!](https://i.imgur.com/kfjiMUU.jpg) again. We are coming to you with a problem of GREAT URGENCE.\n\nYeah, I am definitely feeling a bit unsettled here!\n\nSO, as we cats (and dogs I SUPPOSE) know, the humans that live with us are very WEIRD. They grow their CLAWS on the OUTSIDE of their TOES AND FINGERS. YUCK!\n\nIt is kind of weird because Mom and Dad can scratch us without moving their claws! They\'re just always there!\n\nThe other night I was with Mom ON THE BED and she was playing with her one of her snaggly TOE CLAWS. She gets FIDGETY. And her claws were LONG.\n\nShe said she might paint them! Or she might paint her hand claws!\n\nMom thought she would get cute and TRIM her toe claw. She doesn\'t know how she did it ("I\'ve been cutting my toenails for over 30 years now, how did I do this?") but she cut her claw juuuuuuust wrong and she yelled OWWW and grabs a TISSUE and then I saw some of the RED STUFF on her claw.\n\nThat was a little bit scary!!!\n\nMom put a bandage on her toe and has been hobbling around the house since. She did NOT cut any more of her claws. I QUESTION her qualifications. \n\nYOU SEE, Mom has only ever trimmed MY NAILS once. (mine three times!) And I let her, but I also let her know I DID NOT LIKE IT.\n\nNow I do not TRUST HER. How can I trust her not to HURT ME and not make the RED STUFF come out of MY CLAWS when she can\'t keep it from HER CLAWS?\n\nI think Brother has a pretty good theory here. I am a lot more nervous thinking about Mom trimming my claws now, even though I know she would never hurt me! But nail trims seem easy?\n\nWould We Be The Cloacas if we questioned Mom\'s PEDICURIST SKILLS and refused ALL future claw trims, for our own SAFETY?', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/', '12w00ga', [['u/Mollyscribbles', 37, '2023-04-23 09:47', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhdaszm/', 'NTC, is reasonable fear. be extra careful when bapping to keep claws in so to minimize the pawsibility she will think yours need a trim.', '12w00ga'], ['u/Helpful_Librarian_87', 22, '2023-04-23 12:36', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhdmbql/', 'NTC, but bcos humans know to be extra careful with youse (rightful rulers of Da House), I thinks youse will be in safe paws. Be well, Casey & Pixel xx', '12w00ga'], ['u/congrrl', 15, '2023-04-23 18:18', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhep9jw/', 'I am alarmed. I think pedicurist needs retraining? Training? Protect your toes!', '12w00ga'], ['u/scatterbrain2015', 11, '2023-04-23 20:01', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhf4ax2/', 'NTC you are entitled to sue for damages! A payment of several treats is henceforth required before, during and after all future nail trims!', '12w00ga'], ['u/rawbery79', 17, '2023-04-23 21:07', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfdw41/', 'I bap bap without claws! Brother cannot.\n\nI am DEEPLY ashamed to admit it, but I CANNOT control my claws. It is VEXING.', '12w00ga'], ['u/rawbery79', 11, '2023-04-23 21:07', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfdxj9/', 'This is TRUE. Our claws are sharper!', '12w00ga'], ['u/rawbery79', 10, '2023-04-23 21:08', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfe0re/', "I am alarmed as well! Mom was very upset. She said it hurt a lot! It probably didn't help that I like to jump on feets in the bed!", '12w00ga'], ['u/rawbery79', 12, '2023-04-23 21:08', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfe20a/', "BRB, on the way to the PAWYER'S OFFICE.", '12w00ga']]], ['u/rockybaster', 'Africrypt founders who stole 70,000 BTC arrested in Zurich, Switzerland', 57, '2023-04-23 09:53', 'https://www.reddit.com/r/CryptoCurrency/comments/12w0g3j/africrypt_founders_who_stole_70000_btc_arrested/', 'Source (in German): \n\n[https://www.20min.ch/story/drei-milliarden-krimi-endet-in-zuerich-krypto-brueder-festgenommen-930342327665](https://www.20min.ch/story/drei-milliarden-krimi-endet-in-zuerich-krypto-brueder-festgenommen-930342327665)\n\n\n\nTranslation:\n\n>Three billion crime thriller ends in Zurich – crypto brothers arrested \n> \n> \n> \n>They promised to invest and manage their investors\' money in Bitcoin. Then they are said to have faked a hack and disappeared. They were arrested in Zurich. \n> \n> \n> \n>That\'s what it\'s about \n> \n> \n> \n>\\- Crypto trading platform Africrypt invested its investors\' money in Bitcoin. \n> \n> \n> \n>\\- When the currency hit a new high in 2021, the platform was allegedly hacked. \n> \n> \n> \n>\\- Shortly thereafter, there was no trace of the founding brothers until they reappeared in Zurich. \n> \n> \n> \n>Anyone who would like to benefit from the rising Bitcoin price but does not have much knowledge of cryptocurrency can pay their money to Africrypt and have it managed by the crypto trading platform - according to the promise of the founders. \n> \n> \n> \n>When the US car company Tesla invested in Bitcoin in February 2021 and thus drove up the value of the currency, the founding brothers Raees and Ameer Cajee from Johannesburg managed 70,000 Bitcoin on behalf of their customers. In April of the same year, these were worth almost four billion Swiss francs. \n> \n> \n> \n>When the bitcoins were "hacked", the crypto traders disappeared \n> \n> \n> \n>But investors couldn\'t be happy about that for long - according to Ameer Cajee, the platform was hacked. However, the investors should not inform the police, that would only hinder the processing. According to current investigations, however, the brothers faked the hack and they disappeared with the money. Their trail was lost in Dubai. \n> \n> \n> \n>Two months later, they rented two lockers in Zurich, as reported by "Switzerland at the weekend". In the compartments they deposited so-called hardware wallets, i.e. devices on which the keys to their Bitcoin assets are located. The public prosecutor got wind of it and opened criminal proceedings on suspicion of money laundering. \n> \n>One of the brothers released again \n> \n> \n> \n>In November 2021, investigators ambushed the suspected crypto scammers and arrested them at their lockers. One of the brothers spent six months in custody and was then released on the condition that he deposit CHF 300,000 as security, hand in his passport and undertake to stay in Switzerland. \n> \n> \n> \n>Cajee defended himself against these conditions and went all the way to the federal court, which has now dismissed his complaint in a judgment. For a rich person, having to stay in Switzerland longer than planned is not a disproportionate encroachment on their freedom. \n> \n> \n> \n>The public prosecutor\'s office is only investigating because of the hiding operation in Switzerland. The South African public prosecutor\'s office is responsible for the predicate offense and has discontinued its investigation, according to a letter. The brothers had offered some investors a settlement payment, which is why they withdrew their ads.', 'https://www.reddit.com/r/CryptoCurrency/comments/12w0g3j/africrypt_founders_who_stole_70000_btc_arrested/', '12w0g3j', [['u/Barbygurl', 16, '2023-04-23 10:04', 'https://www.reddit.com/r/CryptoCurrency/comments/12w0g3j/africrypt_founders_who_stole_70000_btc_arrested/jhdc09p/', 'Now lock them up along with SBF, Do Kwon and the other crypto scum, throw away the key and let them rot into oblivion.', '12w0g3j']]], ['u/maltypoo', 'input needed', 26, '2023-04-23 10:06', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/', "-2.7mil brokerage (3.1mil cost basis. 1/2 VTI, 1/2 schwab us robo)\n\n~2mil bitcoin low cost basis (assume 1.5 post tax)\n\n~500k foreign property paid off (mexico, primary residence and potential future rental secondary property)\n\n~450k us home. 250k mortgage owed. 1.98% interest rate 15y 2300/mo\n\n-married, 1 kid, planning 1 more at most\n\n-Income: largely irrelevant for this convo as it varied a lot and I'm looking to GTFO \n\n-Annual spend: 120k~ (roughly 36k for a house we spend 1 month a year in to maintain US residency as we can't live with relatives on paper)\n\n-spending leaks: ~15k a year supporting my mom which I know is too much (but is impossible to say no to given I grew up poor and she knows I've made X and takes advantage of situation)\n\nPoker player (Mainly online) for 15y who got lucky more than once especially In recent years. Worked 100+ hr weeks for a over a decade. Late to FIRE party to say the least \n\nmanaged to buy top of equity market with post-tax cash savings after blowing my 20s living frivolously. No 401k. Minimal IRA/rIRA contributions. \n\n\nI'm 34, wife 32 (not working atm but Masters degree in EE but no real desire to work given our current situation)\n\nI am legit frightened about my career trajectory with the advances in AI and want to stop immediately. I was so passionate about my life for so long, but the birth of my child changed my outlook and I haven't been able to go back to my old life and am enjoying my time away wondering if it can last in perpetuity?\n\nI'm not afraid of re-skilling or finding a side hustle, but can't help to admit I feel a bit trapped given my resume gap post university and over a decade living in Mexico playing online poker. I feel like my options are limited and wonder if I can just ride off into the sunset", 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/', '12w0rff', [['u/Ok_Entry_337', 44, '2023-04-23 11:10', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/jhdggdl/', 'You don’t need anyone’s input & your options aren’t limited. Well done; enjoy life.', '12w0rff'], ['u/Icy_Worldliness5205', 51, '2023-04-23 14:06', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/jhdtpzs/', 'I’d quit immediately after selling that Bitcoin.', '12w0rff'], ['u/lottadot', 15, '2023-04-23 14:46', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/jhdxlg3/', "Oh hell yeah congrats your very soon retirement! Is that $120k/yr spend... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.\nMost Read from Bloomberg\n• Tesla Drops Model Y Starting Price Below the Average US Vehicle\n• Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman Warns\n• Netflix Spain Lost 1 Million Users Last Quarter, Kantar Says\n• First Republic Faces Potential Curb on Borrowing From Fed\n• Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60%\nThe largest digital asset has climbed 67% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport.\nA halving – or halvening – cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings.\nThe upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024.\n“Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed — while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,” he said.\nThe Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange’s collapse in November 2022 also threatens to darken the market outlook.\nFTX Low\n“If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of ‘accumulation’ before witnessing the characteristic post-halving breakout price action,” said Jacob Joseph, an analyst at CCData.\nMarkus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65,623 by April 2024 — more than double the current price.\nBitcoin remains about $41,000 down from its all-time high of almost $69,000 in November 2021 — which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded.\n“Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,” said CCData’s Joseph.\nBitcoin edged up less than 0.5% to $27,590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region.\nMost Read from Bloomberg Businessweek\n• Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins\n• Carvana Was Built for Low Interest Rates. Can It Survive Its $8 Billion Debt?\n• Walmart Is Using AI to Negotiate the Best Price With Some Vendors\n• How Asia’s Hottest New App Was Sunk by Secret China Connections\n• VPNs Are Going Mainstream, and So Are Their Trust Issues\n©2023 Bloomberg L.P.', '(Bloomberg) -- Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.\nMost Read from Bloomberg\n• Tesla Drops Model Y Starting Price Below the Average US Vehicle\n• Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman Warns\n• Netflix Spain Lost 1 Million Users Last Quarter, Kantar Says\n• First Republic Faces Potential Curb on Borrowing From Fed\n• Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60%\nThe largest digital asset has climbed 67% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport.\nA halving – or halvening – cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings.\nThe upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024.\n“Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed — while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,” he said.\nThe Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange’s collapse in November 2022 also threatens to darken the market outlook.\nFTX Low\n“If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of ‘accumulation’ before witnessing the characteristic post-halving breakout price action,” said Jacob Joseph, an analyst at CCData.\nMarkus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65,623 by April 2024 — more than double the current price.\nBitcoin remains about $41,000 down from its all-time high of almost $69,000 in November 2021 — which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded.\n“Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,” said CCData’s Joseph.\nBitcoin edged up less than 0.5% to $27,590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region.\nMost Read from Bloomberg Businessweek\n• Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins\n• Carvana Was Built for Low Interest Rates. Can It Survive Its $8 Billion Debt?\n• Walmart Is Using AI to Negotiate the Best Price With Some Vendors\n• How Asia’s Hottest New App Was Sunk by Secret China Connections\n• VPNs Are Going Mainstream, and So Are Their Trust Issues\n©2023 Bloomberg L.P.', '(Bloomberg) -- Bitcoin\x92s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Quants Are \x91Out of Ammo\x92 for Buying Stocks, Goldman Warns Netflix Spain Lost 1 Million Users Last Quarter, Kantar Says First Republic Faces Potential Curb on Borrowing From Fed Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60% The largest digital asset has climbed 67% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport. A halving \x96 or halvening \x96 cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings. The upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024. \x93Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed \x97 while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,\x94 he said. The Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange\x92s collapse in November 2022 also threatens to darken the market outlook. FTX Low \x93If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of \x91accumulation\x92 before witnessing the characteristic post-halving breakout price action,\x94 said Jacob Joseph, an analyst at CCData. Story continues Markus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65,623 by April 2024 \x97 more than double the current price. Bitcoin remains about $41,000 down from its all-time high of almost $69,000 in November 2021 \x97 which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded. \x93Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,\x94 said CCData\x92s Joseph. Bitcoin edged up less than 0.5% to $27,590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region. Most Read from Bloomberg Businessweek Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Carvana Was Built for Low Interest Rates. Can It Survive Its $8 Billion Debt? Walmart Is Using AI to Negotiate the Best Price With Some Vendors How Asia\x92s Hottest New App Was Sunk by Secret China Connections VPNs Are Going Mainstream, and So Are Their Trust Issues ©2023 Bloomberg L.P.', '(Bloomberg) -- Russia-aligned hackers are attempting to damage or destroy the UK\x92s critical national infrastructure, a top British government official is expected to warn on Wednesday. Most Read from Bloomberg Bud Light Takes the Cowardly Way Out Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle Bitcoin \x91Halving\x92 Due Next Year Spurs Predictions of Rally in Token Past $50,000 US Public Sours on a Biden-Trump Election Rematch in 2024 The hackers, who are working for organizations similar in structure to the Wagner group, a private Russian militia, have turned their attention to the UK in recent months and pose a threat to businesses, according to Oliver Dowden, the chancellor of the Duchy of Lancaster, one of the highest ranking ministers in the government\x92s Cabinet Office. \x93These adversaries are ideologically motivated, rather than financially motivated,\x94 according to prepared remarks that Dowden is scheduled to deliver at a cybersecurity conference in Belfast, which were shared with reporters. \x93Disclosing this threat is not something we do lightly. But we believe it is necessary.\x94 Dowden is expected to announce cybersecurity resilience goals that companies in critical national infrastructure sectors \x96 such as defense, health, energy and finance \x96 are expected to meet by 2025. In addition, he\x92s scheduled to say that he is working on a plan to bring businesses working in critical national infrastructure within the scope of new cybersecurity regulations. \x93These are the companies in charge of keeping our country running. Of keeping the lights on,\x94 according to Dowden\x92s prepared remarks. \x93Our shared prosperity depends on them taking their own security seriously.\x94 Similarly, the UK\x92s National Cyber Security Centre issued an alert to businesses warning of a \x93new class of Russian cyber adversary.\x94 \x93While the cyber activity of these groups often focuses on DDoS attacks, website defacements and/or the spread of misinformation, some have stated a desire to achieve a more disruptive and destructive impact against western critical national infrastructure, including in the UK,\x94 according to the alert. Dowden\x92s plan is similar to the Biden administration\x92s recently released national cyber strategy, which called for minimum cybersecurity standards on businesses in critical sectors. Russian-linked criminal hacking gangs have targeted several high-profile UK businesses in the last year. Postal company Royal Mail\x92s operations were disrupted for several weeks after an attack in January. Capita Plc, a major government contractor, was hacked in late March. Last year, health-care software provider Advanced was targeted, which disrupted doctors\x92 ability to view medical notes and book appointments. Staffordshire Water Company, which provides supplies water to 1.5 million people in the UK, also suffered a major breach. Story continues Most Read from Bloomberg Businessweek TikTok\x92s Algorithm Keeps Pushing Suicide to Vulnerable Kids How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War Peak Gas Has Passed, and Higher Prices Might Be Next The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe ©2023 Bloomberg L.P. View comments', '(Bloomberg) -- Ajinomoto Co., better known for its seasonings, oils and food products, may add a new manufacturing base to produce more of a specialized material used for semiconductors, Chief Executive Officer Taro Fujie said.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\nThe Japanese company may invest more than its planned ¥25 billion ($186 million) if necessary, and will make a decision on any new factory within a few years, Fujie said in an interview. Ajinomoto Build-Up Film, which helps to connect chips to circuit boards, was developed in the 1970s using the food company’s expertise in resins and amino-acid-chemistry.\nAjinomoto is the dominant supplier and shortages of ABF contributed to the chip crunch experienced in the early days of the pandemic. Demand for semiconductors has been steady, helping to boost the company’s stock by 21% this year to record highs and outpace the broader Topix Index. Analysts are projecting, on average, a 19% jump in revenue for the fiscal year through March when the company reports results on May 11.\n“We’ll do what it takes to stay ahead of the competition,” Fujie said. “Our clients trust us for the speedy supply of high-quality products.”\nAjinomoto got its start more than 100 years ago after Kikunae Ikeda discovered monosodium glutamate and named its associated taste, umami. That led to the founding of the company by Saburosuke Suzuki, which sells the ingredient along with beverages, dairy products and processed foods.\nRead more: Japan’s Jobs-for-Life System Ditched by Century-Old Ajinomoto\nShipments of Ajinomoto Build-Up Film are forecast to expand 18% annually through fiscal 2025, the company said. The global ABF market is on track to reach $6.5 billion by 2028, according to researchers at Absolute Reports.\nAbout 60% of Ajinomoto’s ABF output went into high-end data center servers for fiscal 2022 and the ratio is forecast to reach 75% to 85% by fiscal 2030, according to Ajinomoto’s mid-term business plan, released in March.\n“It’s quite visible that the area where ABF will be used on a chip will increase in the future,” Fujie said. “We’ll make investments that will enable us to respond to that demand.”\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- Russia-aligned hackers are attempting to damage or destroy the UK’s critical national infrastructure, a top British government official is expected to warn on Wednesday.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\nThe hackers, who are working for organizations similar in structure to the Wagner group, a private Russian militia, have turned their attention to the UK in recent months and pose a threat to businesses, according to Oliver Dowden, the chancellor of the Duchy of Lancaster, one of the highest ranking ministers in the government’s Cabinet Office.\n“These adversaries are ideologically motivated, rather than financially motivated,” according to prepared remarks that Dowden is scheduled to deliver at a cybersecurity conference in Belfast, which were shared with reporters. “Disclosing this threat is not something we do lightly. But we believe it is necessary.”\nDowden is expected to announce cybersecurity resilience goals that companies in critical national infrastructure sectors – such as defense, health, energy and finance – are expected to meet by 2025. In addition, he’s scheduled to say that he is working on a plan to bring businesses working in critical national infrastructure within the scope of new cybersecurity regulations.\n“These are the companies in charge of keeping our country running. Of keeping the lights on,” according to Dowden’s prepared remarks. “Our shared prosperity depends on them taking their own security seriously.”\nSimilarly, the UK’s National Cyber Security Centre issued an alert to businesses warning of a “new class of Russian cyber adversary.” “While the cyber activity of these groups often focuses on DDoS attacks, website defacements and/or the spread of misinformation, some have stated a desire to achieve a more disruptive and destructive impact against western critical national infrastructure, including in the UK,” according to the alert.\nDowden’s plan is similar to the Biden administration’s recently released national cyber strategy, which called for minimum cybersecurity standards on businesses in critical sectors.\nRussian-linked criminal hacking gangs have targeted several high-profile UK businesses in the last year.\nPostal company Royal Mail’s operations were disrupted for several weeks after an attack in January. Capita Plc, a major government contractor, was hacked in late March. Last year, health-care software provider Advanced was targeted, which disrupted doctors’ ability to view medical notes and book appointments. Staffordshire Water Company, which provides supplies water to 1.5 million people in the UK, also suffered a major breach.\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- Snap Inc. says it can’t be sued for allegedly addicting young users and contributing to a mental-health crisis because its “ephemeral” messaging service is “fundamentally different” from other platforms including TikTok and Instagram that are at the center of a surge in lawsuits over social media addiction.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\n“Unlike these other platforms, Snapchat is primarily used for direct communication between people who already know each other in real life,” Snap’s attorneys said in a filing seeking dismissal of the cases against the company.\nPlatform owners Meta Platforms Inc., ByteDance Ltd., Google and Snap are fighting almost 200 lawsuits filed across the US on behalf of adolescents and young adults - and at least two dozen complaints by public school districts - blaming the companies for health issues including anxiety, depression, eating disorders and sleeplessness.\nThe social media companies filed a joint request late Monday for dismissal to a federal judge in Oakland, California, contending the plaintiffs have failed to adequately state claims of wrongdoing. Snap’s attorneys submitted an additional filing to argue that the platform stand outs among its peers in ways that diminish harmful influences on youths.\nSnapchat doesn’t feature “like counts” used to show positive reactions to content or “other public vanity metrics,” Snap said in its filing. And “far from encouraging minor users to create permanent content for public consumption,” messages called “Snaps” or “Chats” disappear shortly after they’re seen by users, the company said.\nWhen The Scrolling Doesn’t Stop: Social Media Lawsuits Pile Up\nEarlier in the litigation, Snap, ByteDance, and Google argued said they preferred to defend themselves separately from Meta because the bulk of the suits were brought against the Instagram owner. They argued it would be inefficient for them to be dragged into Meta’s fight. But a panel of federal judges decided to group all the cases together.\nThe case is In Re. Social Media Adolescent Addiction and Personal Injury Products Liability Litigation, 22-MD-3047, US District Court, Northern District of California (Oakland).\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- Gogoro Inc., a Taipei-based company whose battery-swapping stations serve electric moped drivers across Taiwan, said on Tuesday that it has converted roughly 20% of those stations into “virtual power plants” capable of sending spare electricity back to the grid.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\nSince it was founded in 2015, Gogoro has opened more than 12,000 stations with batteries that can be changed out on the fly, giving drivers of electric mopeds and three-wheelers the ability to add dozens of miles of range without losing time on charging. The company says it has more than 500,000 monthly active users, and over 260 swaps taking place on its network every minute. Some 2,500 Gogoro stations have been converted into VPPs capable of storing up to 150 megawatt hours of electricity collectively — enough, it says, to power 500 local households for a month.\n“The Gogoro community is contributing to Taiwan’s net-zero targets by helping to integrate more variable power generation resources onto the grid,” Gogoro founder and Chief Executive Officer Horace Luke said in a statement. Roughly 80% of Taiwan’s power supply relies on fossil fuels, but the self-governing island has pledged to zero out its greenhouse gas emissions before 2050.\nBy tapping into the power of its parked batteries, Gogoro joins a growing number of companies exploring virtual power plants, which can help utilities avoid blackouts during periods of high demand and reduce the need for electricity generated by fossil fuels. Additionally, companies selling excess power back to the grid through VPPs can realize a new revenue stream.\nUnder the same announcement, Gogoro said it will participate in a program introduced by Taiwan Power Corporation under which the company’s battery-swapping stations would temporarily disconnect from grids if there is critical energy demand elsewhere. (They can still operate for up to 65 hours powered by their own batteries.) The utility pays a premium for companies to participate in the program, which helps ensure overall grid stability.\nRead More: One-Minute Battery Swaps Spur EV Adoption in Asia\nAs power grids around the world continue to buckle under the pressures of extreme weather, more VPPs will be needed. An acute example occurred in 2021 in Texas, when a frigid winter storm sent electricity demand soaring while also hampering power production from fossil fuels, wind and nuclear plants. The resulting grid failure left millions without power.\nAdding more renewable energy to the mix will also require solutions for absorbing excess power during particularly windy days, for example, or doling out stored energy when clouds lower solar output.\nThe global market for VPPs hit $1.9 billion last year, according to consultancy The Business Research Company, and the industry is on track to grow more than 20% in 2023. That potential has already lured electric vehicle giants: Tesla Inc. is turning some houses in Texas that use its home batteries into VPPs, while Nio, a leading EV manufacturer in China, is touting its own battery-swapping stations as a source of power supply and storage. Last summer, when the country was hit by scorching temperatures that evaporated hydropower, Nio’s more than 100 swapping stations were able to step in.\n(Corrects to clarify that Gogoro’s VPPs don’t stop working if they stop drawing power from the electrical grid.)\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Analysts take a look at what comes next after last week\'s downturn in bitcoin and ether prices. Insights: Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests. Prices CoinDesk Market Index (CMI) 1,208 +9.6 ▲ 0.8% Bitcoin (BTC) $27,779 +230.4 ▲ 0.8% Ethereum (ETH) $1,875 +18.9 ▲ 1.0% S&P 500 4,133.52 +3.7 ▲ 0.1% Gold $1,994 +14.4 ▲ 0.7% Nikkei 225 28,564.37 −93.2 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto markets complete round-trip after big rally. What comes next? The big story in crypto markets last week was that ether turned lower, erasing all price gains notched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain\'s highly anticipated Shanghai upgrade. Bitcoin reversed course as well, losing its foothold above $30,000 and changing hands at about $27,800 around press time. According to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin\'s price chart still look encouraging. "A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email. "As long as bitcoin manages to stay above $22K, in the worst case, we can expect more upward action." Insights What Taylor Swift Can Teach You About Investing Angry victims of the FTX swindle are looking for restitution from the celebrity spokespeople who pitched the failed exchange, in a lawsuit that names Larry David, Tom Brady and Shaquille O’Neill , among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism. Story continues Swift reportedly asked FTX representatives, “Can you tell me that these [listed assets] are not unregistered securities?” in the course of negotiations, which ultimately failed. That’s according to Adam Moskowitz, the plaintiffs\' lawyer in the FTX endorsements suit, speaking to The Block’s Frank Chaparro . Moskowitz describes learning about the incident in the discovery phase of the suit, and I haven’t seen confirmation from Taylor Swift’s camp. This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . But even if it’s a bit of a just-so story, there’s a wealth of wisdom in this little parable. It wouldn’t be the first time Swift showed herself to be a brilliant and sharp-elbowed businesswoman on top of her musical talent – for instance, having muscled her way free of an onerous publishing deal . The lesson of her FTX adventure, though, is a bit more abstract than it seems. Swift’s question about unregistered securities was remarkably prescient, given that we’re now seeing aggressive regulatory crackdowns on crypto exchanges . She has, it seems, been paying attention. But selling unregistered securities wasn\'t what brought FTX down – old-fashioned fraud was the culprit. Swift did not, it seems, ask FTX representatives, “Is your management team secretly sending user assets to an affiliated hedge fund?” How, then, might her securities law question, largely unrelated to the risk that ultimately manifested, have led Swift to shy away from going into business with FTX? I’m speculating here, but one likely scenario is that she or her people weren’t satisfied with the way FTX handled this and other questions. For instance, maybe FTX founder Sam Bankman-Fried or his representatives were confused or uncoordinated or defensive – all useful signs of an organization that may have deeper problems. (Or maybe the Swift camp didn’t appreciate FTX’s boy wonder playing “League of Legends” during their meeting .) Read the full story here : Important events. 8:30 p.m. HKT/SGT(12:30 UTC): Chicago Fed National Activity Index (Mar) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Rep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day Rep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chairman Gary Gensler. This comes as bitcoin is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is a former head of research at CoinDesk and Genesis Trading, which is owned by Digital Currency Group, CoinDesk\'s parent company. Headlines Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright: Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled. Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall: The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows. Gemini to Open a Crypto Derivatives Platform Outside the U.S.: Gemini Foundation\'s first product will be a perpetual bitcoin contract, the company said late Friday. Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking: The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Analysts take a look at what comes next after last week\'s downturn in bitcoin and ether prices.\nInsights:Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests.\nCoinDesk Market Index (CMI)\n1,208\n+9.6▲0.8%\nBitcoin (BTC)\n$27,779\n+230.4▲0.8%\nEthereum (ETH)\n$1,875\n+18.9▲1.0%\nS&P 500\n4,133.52\n+3.7▲0.1%\nGold\n$1,994\n+14.4▲0.7%\nNikkei 225\n28,564.37\n−93.2▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto markets complete round-trip after big rally. What comes next?\nThe big story in crypto markets last week was that ether turned lower,erasing all price gainsnotched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain\'s highly anticipated Shanghai upgrade. Bitcoin reversed course as well, losing its foothold above $30,000 and changing hands at about $27,800 around press time.\nAccording to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin\'s price chart still look encouraging.\n"A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email. "As long as bitcoin manages to stay above $22K, in the worst case, we can expect more upward action."\nWhat Taylor Swift Can Teach You About Investing\nAngry victims of the FTX swindle are looking for restitution from the celebrity spokespeople who pitched the failed exchange, in a lawsuit that namesLarry David, Tom Brady and Shaquille O’Neill, among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism.\nSwiftreportedly askedFTX representatives, “Can you tell me that these [listed assets] are not unregistered securities?” in the course of negotiations, which ultimately failed. That’s according to Adam Moskowitz, the plaintiffs\' lawyer in the FTX endorsements suit, speakingto The Block’s Frank Chaparro. Moskowitz describes learning about the incident in the discovery phase of the suit, and I haven’t seen confirmation from Taylor Swift’s camp.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut even if it’s a bit of a just-so story, there’s a wealth of wisdom in this little parable. It wouldn’t be the first time Swift showed herself to be a brilliant and sharp-elbowed businesswoman on top of her musical talent – for instance, having muscled her way free ofan onerous publishing deal.\nThe lesson of her FTX adventure, though, is a bit more abstract than it seems. Swift’s question about unregistered securities was remarkably prescient, given that we’re now seeingaggressiveregulatorycrackdownson crypto exchanges. She has, it seems, been paying attention. But selling unregistered securities wasn\'t what brought FTX down – old-fashioned fraud was the culprit. Swift did not, it seems, ask FTX representatives, “Is your management teamsecretly sending user assets to an affiliated hedge fund?”\nHow, then, might her securities law question, largely unrelated to the risk that ultimately manifested, have led Swift to shy away from going into business with FTX? I’m speculating here, but one likely scenario is that she or her people weren’t satisfied with the way FTX handled this and other questions. For instance, maybe FTX founder Sam Bankman-Fried or his representatives wereconfused or uncoordinated or defensive– all useful signs of an organization that may have deeper problems. (Or maybe the Swift camp didn’t appreciate FTX’s boy wonderplaying “League of Legends” during their meeting.)\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC):Chicago Fed National Activity Index (Mar)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day\nRep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chairman Gary Gensler. This comes as bitcoin is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is a former head of research at CoinDesk and Genesis Trading, which is owned by Digital Currency Group, CoinDesk\'s parent company.\nJudge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright:Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled.\nEther Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall:The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.\nGemini to Open a Crypto Derivatives Platform Outside the U.S.:Gemini Foundation\'s first product will be a perpetual bitcoin contract, the company said late Friday.\nEthereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking:The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Analysts take a look at what comes next after last week\'s downturn in bitcoin and ether prices.\nInsights:Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests.\nCoinDesk Market Index (CMI)\n1,208\n+9.6▲0.8%\nBitcoin (BTC)\n$27,779\n+230.4▲0.8%\nEthereum (ETH)\n$1,875\n+18.9▲1.0%\nS&P 500\n4,133.52\n+3.7▲0.1%\nGold\n$1,994\n+14.4▲0.7%\nNikkei 225\n28,564.37\n−93.2▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto markets complete round-trip after big rally. What comes next?\nThe big story in crypto markets last week was that ether turned lower,erasing all price gainsnotched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain\'s highly anticipated Shanghai upgrade. Bitcoin reversed course as well, losing its foothold above $30,000 and changing hands at about $27,800 around press time.\nAccording to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin\'s price chart still look encouraging.\n"A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email. "As long as bitcoin manages to stay above $22K, in the worst case, we can expect more upward action."\nWhat Taylor Swift Can Teach You About Investing\nAngry victims of the FTX swindle are looking for restitution from the celebrity spokespeople who pitched the failed exchange, in a lawsuit that namesLarry David, Tom Brady and Shaquille O’Neill, among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism.\nSwiftreportedly askedFTX representatives, “Can you tell me that these [listed assets] are not unregistered securities?” in the course of negotiations, which ultimately failed. That’s according to Adam Moskowitz, the plaintiffs\' lawyer in the FTX endorsements suit, speakingto The Block’s Frank Chaparro. Moskowitz describes learning about the incident in the discovery phase of the suit, and I haven’t seen confirmation from Taylor Swift’s camp.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut even if it’s a bit of a just-so story, there’s a wealth of wisdom in this little parable. It wouldn’t be the first time Swift showed herself to be a brilliant and sharp-elbowed businesswoman on top of her musical talent – for instance, having muscled her way free ofan onerous publishing deal.\nThe lesson of her FTX adventure, though, is a bit more abstract than it seems. Swift’s question about unregistered securities was remarkably prescient, given that we’re now seeingaggressiveregulatorycrackdownson crypto exchanges. She has, it seems, been paying attention. But selling unregistered securities wasn\'t what brought FTX down – old-fashioned fraud was the culprit. Swift did not, it seems, ask FTX representatives, “Is your management teamsecretly sending user assets to an affiliated hedge fund?”\nHow, then, might her securities law question, largely unrelated to the risk that ultimately manifested, have led Swift to shy away from going into business with FTX? I’m speculating here, but one likely scenario is that she or her people weren’t satisfied with the way FTX handled this and other questions. For instance, maybe FTX founder Sam Bankman-Fried or his representatives wereconfused or uncoordinated or defensive– all useful signs of an organization that may have deeper problems. (Or maybe the Swift camp didn’t appreciate FTX’s boy wonderplaying “League of Legends” during their meeting.)\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC):Chicago Fed National Activity Index (Mar)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day\nRep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chairman Gary Gensler. This comes as bitcoin is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is a former head of research at CoinDesk and Genesis Trading, which is owned by Digital Currency Group, CoinDesk\'s parent company.\nJudge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright:Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled.\nEther Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall:The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.\nGemini to Open a Crypto Derivatives Platform Outside the U.S.:Gemini Foundation\'s first product will be a perpetual bitcoin contract, the company said late Friday.\nEthereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking:The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.', 'Bitcoin opened the week higher on Monday morning in Asia, but was boxed in below US$28,000 after a slide over the weekend. Ether and most other top 10 non-stablecoin cryptocurrencies edged up, but still logged losses for the last seven days from a correction that kicked in after recent rallies. XRP led the winners. U.S. equity futures fell in Asia ahead of a raft of first-quarter earnings from major U.S. corporations in the week ahead, with one forecast predicting an overall decline in the numbers. See related article: Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000? Fast facts Bitcoin edged up 0.97% to US$27,805 in the 24 hours to 9:00 a.m. in Hong Kong, but held a weekly loss of 6.90%, according to CoinMarketCap data . The world\x92s largest cryptocurrency dropped to $27,169 on Saturday, the lowest since March 24. However the token is still up 65% from the start of the year. Bitcoin\x92s price surge this year has prompted some profit taking, Kasper Vandeloock, chief executive officer of quantitative trading firm Musca Capital , said in an interview. He added that he expects more downward pressure on Bitcoin\x92s price because the U.S. government plans to sell its holding of 41,490 Bitcoin (US$1.1 billion) this year. Bitcoin will need to find buying support at US$27,500 to weaken the downtrend, according to John Isige, analyst at crypto trading platform Vauld . Ether moved up 1.05% to US$1,876, but like many other top 10 tokens is on a losing streak for the seven days, down 9.94%. The second largest cryptocurrency has lost most of its gains since April 12, when the Ethereum blockchain completed the Shanghai hard fork . XRP led the winners, rising 3.48% to US$0.4823, but also down 5.84% for the week. The total crypto market capitalization edged up 0.16% in the past 24 hours to US$1.17 trillion. The total trading volume over the last 24 hours dipped 6.30% to US$29.41 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.74% to 3,786.45 in the 24 hours to 9:00 a.m. in Hong Kong, down 6.47% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The hype for low-market-cap meme coins and NFTs, following the stagnation in larger NFT communities such as Bored Ape Yacht Club, has kicked off new price patterns in cryptocurrencies and NFTs, adding to volatility, said Yohann Calpu , an analyst at Forkast Labs . U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average and the S&P 500 futures both fell 0.26%. The Nasdaq Composite Index dropped 0.28%. The three indexes edged up on Friday, but closed the week lower on a mixed outlook for the U.S. economy. U.S. business activities in April were expanding at the fastest pace in 11 months, according to a report by S&P Global Inc. on Friday, but other economic data last week pointed to a slowdown in the labor market , retail sales and manufacturing .\xa0U.S. first quarter gross domestic product is released on April 27, and will be another indicator of the state of the world\x92s biggest economy. Amid this mixed picture, more than one third of S&P 500 companies will release first quarter earnings this week, including Microsoft, Alphabet and Amazon. Financial data services provider Refinitiv expects year-on-year earnings of S&P 500 companies in the first quarter to drop 4.7%, according to a report released on Friday. Adding yet more to this confused brew, several Federal Reserve officials last week said they envisioned more interest rate hikes in 2023 as they aren\x92t convinced inflation is under control, which raised concerns about a hard landing and possible recession for the U.S. economy. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 10.9% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 89.1% predict a 25-basis-point increase, up from 82.1% on Friday. See related article: Bitcoin mining difficulty rises 1.7% to record high, hashrate jumps', 'Bitcoin opened the week higher on Monday morning in Asia, but was boxed in below US$28,000 after a slide over the weekend. Ether and most other top 10 non-stablecoin cryptocurrencies edged up, but still logged losses for the last seven days from a correction that kicked in after recent rallies. XRP led the winners. U.S. equity futures fell in Asia ahead of a raft of first-quarter earnings from major U.S. corporations in the week ahead, with one forecast predicting an overall decline in the numbers.\nSee related article:Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000?\n• Bitcoin edged up 0.97% to US$27,805 in the 24 hours to 9:00 a.m. in Hong Kong, but held a weekly loss of 6.90%, according toCoinMarketCap data. The world’s largest cryptocurrency dropped to $27,169 on Saturday, the lowest since March 24. However the token is still up 65% from the start of the year.\n• Bitcoin’s price surge this year has prompted some profit taking, Kasper Vandeloock, chief executive officer of quantitative trading firmMusca Capital, said in an interview. He added that he expects more downward pressure on Bitcoin’s price because the U.S. government plans to sell its holding of 41,490 Bitcoin (US$1.1 billion) this year.\n• Bitcoin will need to find buying support at US$27,500 to weaken the downtrend, according to John Isige, analyst at crypto trading platformVauld.\n• Ether moved up 1.05% to US$ Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,836,170,531 - Hash Rate: 341432463.6274834 - Transaction Count: 360173.0 - Unique Addresses: 634746.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: As investors look for cryptos to buy with the Bitcoin ( BTC-USD ) halving on the horizon, some under-the-radar names are well-positioned to provide outsized gains this year. Despite other growth names slowing down, the sustained crypto rally has made some investors believe that a new crypto bull market might have already started. However, with the backdrop of a banking crisis, high interest rates, and a possible recession, I believe it will take a lot more time before the crypto market reaches a new all-time high. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rate cuts are likely later this year, and the halving event early next year will translate into a substantial upside. By finding the right cryptos to buy, your portfolio will be set to capitalize on such a rally. Investors can even invest directly into pre-made portfolios or tokenized funds offered by companies such as Velvet.Capital with high returns. Or they can use trading bots on exchanges like Binance or KuCoin . For example, Velvet offers flexible architecture, tokenization module and integrations with all major DeFi primitives including AMMs, liquidity aggregators, lending protocols, staking pools and other yield farming options. But if you’re looking specifically for individual projects with high upside potential, these are the three cryptos to buy: RNDR-USD Render Token $2.03 MATIC-USD Polygon $1.16 ( ETH-USD Ethereum $ 2,075.81 Render Token (RNDR) A concept image of the world with different crypto icons. Source: Shutterstock Render Token ( RNDR-USD ) is a token that is used to rent GPU rendering power on the Render network. The token is also a reward for users who lease their GPU computing power to the network. Essentially, the network pools all the GPU power from users worldwide and then resells that power to individuals and institutions that need to render digital art, movies, documentaries, motion graphics, or anything that requires GPU power. I believe this project is an efficient way to speed up the rendering process for those who can’t afford expensive GPUs, and it is also quite cheap. Story continues There are growing sectors with huge demand for rendering power, such as artificial intelligence, cloud computing, the metaverse, and rising interest in digital art. These trends will act as tailwinds for the Render Token in the long run. AI and cloud computing are two of the hottest sectors right now. That should explain why RNDR is delivering much higher gains compared to the rest of the market. Polygon (MATIC) A phone, on top of a laptop keyboard, displaying the logo for Polygon. Polygon Price Predictions Source: sdx15 / Shutterstock.com Polygon ( MATIC-USD ) is a layer-2 project that runs on the Ethereum ( ETH-USD ) blockchain. It aims to solve the existing problems on the Ethereum blockchain, such as scalability and speed, using layer-2 solutions. Of course, there are lots of layer-2 projects on Ethereum right now. But what makes Polygon unique is its zkEVM support and the fast-growing gaming sector on the network. The zkEVM support will allow developers on Ethereum to use the Polygon layer-2 protocol without writing any new code. They can easily skip the high fees but with the added security of zero-knowledge technology. That’s different from the optimistic rollups with EVM support, as they have less security. Polygon is well-positioned to capitalize on Ethereum’s growth and could become an essential part of the Web 3.0 puzzle. Ethereum (ETH) Concept coins for Ethereum (ETH) and Ethereum Classic (ETC). Source: Shutterstock Ethereum is arguably the best crypto project out there. It leads the Web 3.0 space, as it supports various programming languages (through clients), tools, and standards for developing dapps. Ethereum also has the largest and the most diverse developer community in the crypto ecosystem, which gives it an edge over its competitors. One of the main strengths of Ethereum is its security and stability. Unlike some of its rivals, such as Solana ( SOL-USD ) or Avalanche ( AVAX-USD ), Ethereum has never experienced a major network outage or a catastrophic bug. Ethereum has also proven its resilience against attacks and hacks thanks to its large network of validators and developers. Still, some may point out that Ethereum has a scalability issue, as it can only process about 25 transactions per second on its base layer. However, this is not a problem for me, as Ethereum has many layer-2 solutions that can boost its performance and lower its costs. As I’ve explained earlier, Polygon is one of them, with a blazing-fast 7,200 TPS. That’s less than Solana’s but enough to meet the needs of the Ethereum network. Even Solana uses no more than ~4,000 TPS . Routine (such as Shapella) upgrades continue to add to the network’s security and efficiency. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Cryptos That Could Go Parabolic in 2023 appeared first on InvestorPlace .... - Reddit Posts (Sample): [['u/KingHunter150', 'I know this is a pedantic complaint, but I think it speaks volumes to the lackluster and anti player grind Lightkeeper is', 256, '2023-04-24 00:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/', 'So, to make the Ledex craft, you need essentially an academic journal textbook to "read" how to make them. Um okay, but you can only get it via a quest after what is an insane grind to Lightkeeper. But this lore reason makes no sense. We have the flea market, and a PC and even a bitcoin farm, and thus access to the internet. So why couldn\'t we access the knowledge one needs to make a Ledex craft via the infinite knowledge source that is the internet? It just feels so tacky and arbitrary—a clearly forced grind to gain access to an item. Now I know you can just get Ledex\'s by, you know, playing the game and finding them in raid and surviving. But the question then: what is the point of the craft? If you want to make it this arbitrarily hard and grindy to make Ledex\'s for a quest that you will most likely have already done, and where it is more efficient to just farm Ledexs for the trade-in where it doesn\'t matter if you die, why have this grindy convoluted quest chain that feels so anti-climatic?\n\nI don\'t understand the direction or purpose of the "end game" content being a no-life grind fest with rather lackluster rewards. It doesn\'t feel like a game, it feels like busywork, and it doesn\'t even make sense within the game\'s own lore. I hope Lightkeeper gets updated with more interesting mechanics, like being an in-person trader in the future like we all assumed he would be. I feel like it would be a lot cooler if you had to bring him a variety of valuable barter items and he gave you the item in question. That way you facilitate a map being also a trade point, and all the chaos and fighting would occur around that. As it stands, there isn\'t really a reason to camp the lighthouse either unless you\'re just griefing. If the idea was you could get valuable traded loot off people with access to Lightkeeper then at least the map would have a unique element to it that sets it apart from all the other maps.', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/', '12wsck5', [['u/Xnuclearwarhead', 18, '2023-04-24 00:40', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhg7t6w/', 'Super helpful, I bet people groan when you show up anywhere.', '12wsck5'], ['u/[deleted]', 275, '2023-04-24 00:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhg9xfy/', 'lightkeeper is grindy? he is hidden so far beyond the thickest wall of tedious tasks that i dont even bother to start fulfilling requirements to open him. i bet he doesnt exist for 99.99% of players', '12wsck5'], ['u/Xnuclearwarhead', 15, '2023-04-24 01:08', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgbjjf/', "Did you think about maybe not everyone spends their whole week on the EFT reddit? Ops post isn't whiney, it's a legit criticism.", '12wsck5'], ['u/[deleted]', 30, '2023-04-24 01:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgeyxt/', 'im 46 and im nowhere near him', '12wsck5'], ['u/doxjq', 66, '2023-04-24 01:47', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhggdw1/', 'I’m actually curious to know how many players have done it. It can’t be many surely. I would assume it was less than 0.1%', '12wsck5'], ['u/Kitteh_91', 24, '2023-04-24 02:07', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgiykl/', "the book required to craft a ledx can be found in raid, my friends found one on labs, and it can be found on lighthouse as well. The book is now just a reward similar to the other items people think is only obtainable from lightkeeper, like the item needed for intel lvl 3 can be found on labs and that other new 2x2 slot tech item. Lightkeeper's tasks at this point is just quests for those who are bored and need something else to do until he can actually be traded with.", '12wsck5'], ['u/TimSad', 11, '2023-04-24 02:18', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgk9pt/', 'What’s the point of being the way that you are?', '12wsck5'], ['u/Goyu', 10, '2023-04-24 02:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgkjsx/', "It's legit criticism. An intense grind should have some kind of meaningful reward, but most of the time the harder the grind the more useless and lackluster the reward. Making busywork that takes weeks to complete is not the solution to the end game problems that Tarkov has, it's just a way of making sure the playercount doesn't get too high.\n\nIt's ok to criticize the game kiddo, it's not perfect and little Nicky doesn't need your protection.\n\nNot gonna address the rest of what you said. It was too stupid.", '12wsck5'], ['u/SomeScientist', 103, '2023-04-24 02:45', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgno0t/', 'It’s so strange to me that we’re supposedly beta testing this game and yet this new stuff is so grindy to get to in the first place. You’d think they’d want more eyes on this new section of game play.', '12wsck5'], ['u/KingHunter150', 53, '2023-04-24 02:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgody0/', 'I feel from the answers people have given, either serious or from gate keeping no-lifers, is that this grind is somehow fun to them. It gives a reason for the streamers to stay around longer and the elitists something to work towards. My question though for BSG: why tailor your end game around giving purpose to a small part of your player base that will do anything if it gives them an excuse to play more. The end game content is surely more of a turn off to most players, especially when there is a wipe cycle. Furthermore, no streamers have done the Light Keeper tasks legitimately. They all cheesed it with their viewers. If the people that actually advertise your game complete the endgame by cheesing because its too ridiculous to them, I feel like that is a serious problem.', '12wsck5'], ['u/folie11', 23, '2023-04-24 03:13', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgr38v/', 'A useless "vendor" on Lighthouse hidden behind a bunch of tedious quests ( not like we\'re lacking those anyway ). He proves no purpose other than existing.', '12wsck5'], ['u/KingHunter150', 20, '2023-04-24 03:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgs49z/', "I mean from a purely purposeful meaning, video games aren't meant to provide that. Its just kinda sad if your reason to wake up is a videogame that gives you fake arbitrary challenges that make a 9-5 office job more appealing. Videogames for most people who have their purpose derived from life play videogames to have fun, of which challenging games are definitely a genre of fun. But this isn't that, this is a time sink, it is disrespectful of a player's time to actually play the game, unless your sole purpose for the day is derived from playing a videogame like a full-time job. As you can imagine that isn't a tenable situation, and for the small minority that has the ability to do that, that also isn't a tenable market to make money off of from BSG's perspective. It seems more like a poorly executed way to add longevity to a wipe when people drop off and get bored. And if your solution to making a ride last longer is increasing the waiting time in the line before you hop on, well thats just a shitty system and insulting to the time of the player. Make the game have longevity by being fun, not busywork.", '12wsck5'], ['u/KingHunter150', 14, '2023-04-24 03:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgsgyv/', "I did. My response was that is a sad and bad solution for the health of the game and anyone who actually enjoys this grind, IF the only reason they put up with this grind is that its one of the few or only avenues of purpose in their life. I am feeling sadness for fellow gamers if that is the state they're in, or the lunacy of BSG to try and exploit that demographic.", '12wsck5'], ['u/KingHunter150', 16, '2023-04-24 03:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgsksx/', 'Amazing response that encapsulates the problem lol', '12wsck5'], ['u/Uncle_Bobby_B_', 12, '2023-04-24 04:00', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgwvmy/', 'How am I coping lol', '12wsck5'], ['u/Representative-Dig16', 15, '2023-04-24 04:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgyvwa/', 'You are literally the people OP was referring to lol', '12wsck5'], ['u/KingHunter150', 13, '2023-04-24 04:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgzcar/', "I know. Its amazing that the slightest criticism turned him into a gatekeeper revealing he derives purpose from a shitty game mechanic that he flaunts over others as a facade of elitism. I'm still half thinking he's just a brilliant troll, well for his sake.", '12wsck5'], ['u/Churu_', 13, '2023-04-24 07:18', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhhi53/', 'This will probably never happen. They have too many optimization issues with each individual map that merging them would be a disaster', '12wsck5'], ['u/KingHunter150', 10, '2023-04-24 07:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhi2ic/', "Are you sure you replied to the right person? The person I'm arguing with has done the following: stated the grind of the game is a form of purpose to his life (which is objectively sad); immediately became a gatekeeper calling me a shitty noob that wants the game to be easier; and is actually the one flaunting a perverse sense of elitism that he has already beaten the wipe in 2 months and that because I didn't no-life the wipe in a month its my fault and I'm bad. \n\nIf being a normal human with a life that is frustrated by a shitty grindy mechanic, and is also sincerely concerned at the state of health of some of the Tarkov players, makes me an elitist snob, then I guess I'm fucking Rockefeller.", '12wsck5'], ['u/[deleted]', 10, '2023-04-24 09:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhht2di/', "Reading through the comment history of u/Txfinfamous, you can see he generally doesn't get much out of his [brain](https://www.reddit.com/user/Txfinfamous/comments/).", '12wsck5'], ['u/Highway0311', 10, '2023-04-24 10:48', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhwvah/', 'Light keeper is easier than Kappa. So there’s that.', '12wsck5'], ['u/coinlockerchild', 13, '2023-04-24 11:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhzsgt/', "just because you're level 42 doesn't mean you'll bother to do any of these tasks, complete waste of time for 0 gain", '12wsck5'], ['u/[deleted]', 15, '2023-04-24 11:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhi0fur/', 'im glad for you and i hope you will be as vigorous and enthusiastic as now after 6', '12wsck5'], ['u/Key-Pomegranate159', 15, '2023-04-24 12:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhi47gh/', 'wipes, obiously.\noh god either people are extra pedantic on the internet or extra dumb to get stuff contextually.', '12wsck5'], ['u/I_am_Potatoe', 29, '2023-04-24 13:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhi7r5r/', 'I guess 1% of the Playerbase will access him and 100% will be dissapointed about it', '12wsck5'], ['u/Austin304', 13, '2023-04-24 14:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhie38k/', 'He only exists for me because I snipe fat boys who run over and loot his island because BSG in their infinite wisdom decided to make his island a loot haven that 99% of the playerbase can’t access.\n\nSo I camp the bridge and snipe the loot goblins running across it. If I can’t access the quest line I’m not afraid of losing access to his island', '12wsck5'], ['u/Jsmity12', 15, '2023-04-24 16:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhir2lh/', 'I bet more than half of that 1% will cheese it as well. 20 player kills in a location of a map that you can’t even go to is a horrible quest. And that’s just one of many.', '12wsck5']]], ['u/biffbobfred', 'A Closer Look at Bitcoin’s Rally Suggests the Depth of Demand Is Deceptive', 161, '2023-04-24 03:21', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/', 'Is anything not deceptive when it comes to BTC?', 'https://www.bloomberg.com/news/articles/2023-04-21/a-closer-look-at-bitcoin-s-btc-rally-suggests-the-depth-of-demand-is-deceptive', '12wxvaf', [['u/biffbobfred', 31, '2023-04-24 03:22', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhgs97k/', 'Non-paywall: http://archive.today/2023.04.21-182504/https://www.bloomberg.com/news/articles/2023-04-21/a-closer-look-at-bitcoin-s-btc-rally-suggests-the-depth-of-demand-is-deceptive', '12wxvaf'], ['u/Randsmagicpipe', 21, '2023-04-24 04:27', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh028y/', 'The analytical part of me wants to examine it, but I know it has no content -Oscar Nunez', '12wxvaf'], ['u/Realistic-Plant3957', 47, '2023-04-24 04:48', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh2je2/', 'tldr\n\nCrypto trading volumes seem to have surged last quarter as token prices spiked higher.\nBut looking at the data more closely paints a different picture.\nWhen looking at overall trends, Bitcoin trade volumes seem to have spiked, with two trading pairs standing out during that stretch — Bitcoin-Tether and Bitcoin-BUSD, a relatively little-known stablecoin trading on the Binance platform that has since halted issuance, according to crypto market data provider Kaiko.\nDuring that time, regulators cracked down on the industry with a number of lawsuits and actions.\n“Price swings are always more volatile in less-liquid markets,” said Chris Gaffney, president of world markets at TIAA Bank.\nLast quarter, that number fell to 475 million.', '12wxvaf'], ['u/ComradeSnuggles', 12, '2023-04-24 05:09', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh4v94/', '> "...crypto interest for now is concentrated in the more sophisticated market segments.."\n\nHmm...', '12wxvaf'], ['u/GunterWatanabe', 105, '2023-04-24 05:25', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh6mp4/', 'Nooo! Really? Who could possibly have guessed, it’s only been a decade of blatant wash trading by every single exchange. There have only been a few dozen academic studies indicating 85%+ of the market is fake. Who knew?', '12wxvaf'], ['u/ComradeSnuggles', 32, '2023-04-24 05:26', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh6q1j/', 'Part of crypto\'s self-mythologizing is to present gambling on crypto as being a "sophisticated" investment. Contrary to the point in the article, "wait and see" is the more sophisticated view here. Calling risky behavior "sophisticated" is a financial cliche, but in this case it\'s also just so transparently silly that it made me laugh.', '12wxvaf'], ['u/SemiCurrentGuy', 19, '2023-04-24 05:41', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh8aee/', "I've said at least a couple of times here that low volume is pretty telling throughout the obviously fake pump from $20k to $30k, and yet I've had people telling me I was wrong to use that as an indicator of anything substantive. Even buttcoiners are not immune to such hubris apparently. But the numbers pretty clearly do not lie - it may be a matter of time but crypto's end might just be on the horizon.", '12wxvaf'], ['u/slant__i', 25, '2023-04-24 07:43', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhjll2/', 'Few', '12wxvaf'], ['u/greyenlightenment', 22, '2023-04-24 10:26', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhvfup/', 'bitcoin fixes this. of course', '12wxvaf'], ['u/greyenlightenment', 13, '2023-04-24 10:28', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhvk40/', ' tether is glue holding this market together', '12wxvaf'], ['u/Great-Environment253', 10, '2023-04-24 10:40', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhwcr6/', 'So if tether goes away the rest of this market goes down ?', '12wxvaf'], ['u/Jankylad', 10, '2023-04-24 11:34', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhzvdv/', 'Wanna attempt to speculate who or what organization are consistently giving Tether one billion USD? Why would you send a billion dollars to a shady off-shore stablecoin issuer that have never done a proper audit, was caught lying about their backing, is ran by a small group of people that still claim they consistently manage a massive portfolio with extremely suspicious consistency no matter the market swings and with half of their coins issued on fucking TRON?', '12wxvaf']]], ['u/slvbtc', 'Bitcoin is disrupting traditional offshore wealth protection and asset protection systems.', 44, '2023-04-24 04:40', 'https://www.reddit.com/r/Bitcoin/comments/12x03g5/bitcoin_is_disrupting_traditional_offshore_wealth/', 'The wealthiest 0.1% of people spend months on end and hundreds of thousands of dollars in legal fees to set up offshore trusts, holding companies, LLCs and offshore bank accounts managed by foreign law firms and accountants just so they can hold their wealth in a manner that is not subject to the jurisdictional laws of their home country in order to protect their wealth from creditors.\n\nThey could achieve exactly the same outcome for free just by moving their wealth into bitcoin and holding that bitcoin in cold storage, because self custodied bitcoin is just as out of reach of a court as an offshore trust. A court has no access to an offshore trust just the same as a court has no access to self custodied bitcoin simply because there is no 3rd party custodian that can be forced to hand over your assets upon request.\n\nThe only reason people still go to the trouble of setting up and managing offshore trusts is so they can hold their wealth in dollars. Bitcoin is not yet as desirable due to its volatile nature and uncertain future, but how much longer can that last? Once bitcoin has garnered more certainty, more stability and more legitimacy as an asset class while we see the dollar continue to lose purchasing power there has to come a point where using bitcoin to protect wealth becomes a far better option than using an offshore trust.\n\nThis means at some point within this decade we will likely see all of the worlds wealth that is currently held in offshore trusts flow into bitcoin as a superior form of wealth protection. It is estimated that 10% of global GDP is held offshore, that is an astonishingly large percentage of global wealth that will leave traditional offshore structures and move into bitcoin. This alone will leave bitcoin with a larger market cap than gold and likely see bitcoin rise above $1 million per coin.\n\nOffshore trusts, offshore LLCs, offshore bank accounts and offshore accounting firms are going to look like blockbuster by 2030, they are trying to charge a ton of money for a service that bitcoin provides for free. \n\nBitcoin isnt just disrupting central banks, commercial banks, western union and SWIFT, it is disrupting the age old traditional system of offshore wealth protection and asset protection.\n\nBy 2030 wealth protection will be entirely digital and entirely decentralized.', 'https://www.reddit.com/r/Bitcoin/comments/12x03g5/bitcoin_is_disrupting_traditional_offshore_wealth/', '12x03g5', [['u/Think_Operation310', 11, '2023-04-24 08:59', 'https://www.reddit.com/r/Bitcoin/comments/12x03g5/bitcoin_is_disrupting_traditional_offshore_wealth/jhhpg01/', 'What Bitcoin?', '12x03g5']]], ['u/Weedtardz', 'Troika executive officers and board of directors', 50, '2023-04-24 05:15', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/', 'I’m no financial advisor just a pothead that is catching onto web3 early development because I missed out on bitcoin cause I was going high in the backseat of my pick up during that time. \n\nSpent the last few days reviewing the troika filings off Edgar. Gotta say, I’m impressed with how troika has turned its management around. From what I see, troika previous management team was toxic. Plenty of grievances because of multiple acquisitions that weren’t profitable at all. Converge was that golden unicorn that got troika to where it is today. \n\nAnyways, this is probably why troika management had to go through shakeup—clean house and bring in Jefferies to clean house for the toxic debt with blue torch. \n\n\nNew team I love them. I don’t see Troika going bankrupt nor delisted. Not a financial advisor just my high guess:\n\n\nErica Naidrich CFO - she was the controller and VP of accounting for MSG Madison square garden entertainment corp. they hired on a CFO that understands this industry. Not some random CFO with the right credentials. \n\nThomas Ochocki - he’s on the board of directors. Why? Because he represents the Coates’ families equity interest. \n\nWendy Parker - British lawyer. My guess, having her on board to look after the Coates’ financial interest. You think Peter Coates founder of bet365 would want a reverse split? I doubt it.\n\nMartin Pompadur - this guy has been with ABC for nearly 20 years. We got a mainstream media guy on troikas board of directors as a private investor and senior advisor slash consultant.\n\nI could go on and go. For the meantime, for me, the strong interest by the Brits: Coates family. Jefferies, my boi with an incredible track record on Wall Street for putting together deals that must say can the done…IMO this ain’t going for reverse split nor delisting. Too much at stake. Especially since troika is turn around company.\n\nLet’s see what happens I’m open to being wrong. But I’m also high AF. Love you guys let’s get it 💎🙌🏻🚀🍃🍃🍃🍃💨', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/', '12x144n', [['u/Weedtardz', 11, '2023-04-24 05:28', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh6xvj/', 'jello, im stupid. sigh, im not a real investor. could you wire me some money? please?\n\n"If you decide to post anything legitimate, then we can talk" - who the fuck is talking to you? LMFAO. Who do you think you are? LMAO\n\n"If you decide to post anything legitimate, then we can talk" - who\'s we?\n\n\n\nTellng me to stfu so rude and insulting. BUT YOU CARE ABOUT ME!!? massive confusion. no more replying to you paid fud!', '12x144n'], ['u/Weedtardz', 14, '2023-04-24 05:38', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh80u8/', 'Who said you could talk? Shut your fucking mouth. In fact, get on your fucking knees.\n\nNow. Did you hear me? Get on your fucking knees and suck Mariner off. Now grab jutty with your left and jerk the other FUD friend of yours with the right\n\nGet. On. Your. Fucking. Knees.\n\nPray to the lord for forgiveness for your sins to hurt middle class retail investor because you got a position shorting troika.', '12x144n'], ['u/ApatheticOblivion', 10, '2023-04-24 05:44', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh8k7m/', '😭 get his ass weed', '12x144n'], ['u/Weedtardz', 10, '2023-04-24 05:44', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh8llm/', 'nice try. FUD. Fear, uncertainty and doubt.\n\nI love the stonk. I love troika. I love the board of directors. I love Coates family. I love Jefferies capital on a penny stock.\n\nWho the fuck are you? Wait, if I love and am confident in troika…….how is that spreading fear, uncertainty and doubt? If it’s to my self interest to see troika succeed?\n\nDo you fuds even know how to define English words properly? 🤣', '12x144n'], ['u/riskit4thebisket', 22, '2023-04-24 05:52', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh9dzb/', 'It’s all there in the filings if you look 👀\n\nJust gotta tough out the FUD and NDA silence 💪\n\nStrong company, good people, big money 💎', '12x144n'], ['u/PJleo48', 11, '2023-04-24 12:22', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhi3abu/', "Can't wait to see what happens this week anything. They really took it right down to the wire this will be a classic move if some great news is released trapping the shorts and making share price skyrocket. If it's just a reverse then an offering it will be disappointing to say the least. I will think less if Jefferies forever and will just hold Trokia For the organic turn around that will comes throughout the coming years. Hoping for option 1. Let's do this and prove alot of doubters wrong. 🚀 👨\u200d🚀 🚀 👨\u200d🚀 🚀", '12x144n']]], ['u/AutoModerator', '[Daily Discussion] - Monday, April 24, 2023', 35, '2023-04-24 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/', '12x2chk', [['u/Snaggletoothlover', 10, '2023-04-24 09:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhhrey4/', 'All hail the return of the eternal crab 🦀', '12x2chk'], ['u/PatientlyWaitingfy', 12, '2023-04-24 11:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhhxqfu/', "We're back to friday's close, weekends still fake", '12x2chk'], ['u/PatientlyWaitingfy', 10, '2023-04-24 13:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhi7qwj/', "For your sake I hope it goes up, I however do not understand your reasoning for entering a long with 100% of your stack with a liq at 26900. Right now we're a single wick from 26900.", '12x2chk'], ['u/venderil', 14, '2023-04-24 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhicnx2/', 'Everyone is trying to predict the most extreme shit just to get people to watch them.', '12x2chk'], ['u/st3alth247', 14, '2023-04-24 17:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhj4yfz/', "Wardser isn't a oracle. He's a trader that publish his moves and is often right but not always. No need to discredit his posts.", '12x2chk'], ['u/Jip1210', 11, '2023-04-24 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhj57x0/', 'Not directly BTC related, so mods feel free to remove this if you see fit, however, some insights on the possible demise of the USD as the global reserve currency \n\nhttps://unherd.com/2023/04/americas-empire-is-bankrupt/', '12x2chk'], ['u/52576078', 11, '2023-04-24 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhj7htt/', 'I welcome articles like this, and related discussion. Certainly beats rocket emojis.', '12x2chk'], ['u/PatientlyWaitingfy', 10, '2023-04-24 18:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjdd3x/', 'So two more weeks of longing?', '12x2chk'], ['u/Gravy_Vampire', 12, '2023-04-24 18:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjdsj2/', 'I vividly remember him using his now-deleted alt account in coin #2 sub to call for 70k BTC by July 4th of LAST YEAR like 2 months before the massive 3AC implosion/liquidation \n\nI don’t remember the timeline for the prediction of $100k ETH he made too, but I’m pretty sure it was supposed to happen by now or within the next year.\n\nSucks when someone just spews garbage all over the place and then deletes their trash so you can’t hold them accountable.', '12x2chk'], ['u/DaBrokenMeta', 18, '2023-04-24 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjgxj8/', 'Your daily reminder.\n\nDO NOT GET LIQUIDATED IN THESE RANGES! PLAY SMART, PLAY SAFE!! \n\nTurtles Win Races too!', '12x2chk'], ['u/S28E01_The_Sequel', 11, '2023-04-24 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjgzkt/', "His strategy seems to be calling tops and bottoms every hour for weeks on end until it actually happens and he's down 75% from timing it wrong, so inevitably sure, you can call him right.", '12x2chk']]], ['u/rBitcoinMod', 'Daily Discussion, April 24, 2023', 35, '2023-04-24 08:03', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/', '12x5cai', [['u/Dizzy_Space_Invader', 11, '2023-04-24 10:13', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhhujd2/', 'More dip = higher sat accumulation', '12x5cai'], ['u/vnielz', 12, '2023-04-24 13:14', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhi7irk/', 'So nice to witness 2 halvings in 5 years.', '12x5cai'], ['u/escodelrio', 10, '2023-04-24 15:06', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhij8nj/', "Historical Bitcoin prices for today, April 24th:\r \n\r \n2023 - $27,409\r \n2022 - $39,606\r \n2021 - $50,124\r \n2020 - $7,503\r \n2019 - $5,454\r \n2018 - $9,652\r \n2017 - $1,248\r \n2016 - $460\r \n2015 - $231\r \n2014 - $500\r \n2013 - $154\r \n2012 - $5.1\r \n2011 - $1.6\r \n\r \nBitcoin's average daily price from 07/18/2010 to 04/24/2023 is $8,980.30.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1650455143895138309).", '12x5cai'], ['u/Crypt0fart', 14, '2023-04-24 17:07', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhizwjo/', "Russia central bank is starting to mine bitcoin. If this isn't bullish I don't know what is.", '12x5cai'], ['u/Llonga', 12, '2023-04-24 19:22', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhjko8q/', 'Will probably spook some lettuce hands, but price doesn’t determine bitcoins strength.', '12x5cai']]], ['u/freeworld15', 'BTCC 2023 - Round 1 - Donnington Park', 41, '2023-04-24 09:09', 'https://www.reddit.com/r/MotorsportsReplays/comments/12x6x06/btcc_2023_round_1_donnington_park/', 'BTCC is back!\n\nWith many thanks to the folks over at ITV!\n\nQualifying is also now available too!\n\nQualifying - 720p\n\nFull day - 1080p\n\nAs always - the only things removed are the adverts...!\n\nQualifying is ready\n\nFull day is uploading and will appear in the same folder...\n\nEnjoy!\n\n[https://terabox.com/s/1kDhgaPWyVaL7V6l3ofIerQ](https://terabox.com/s/1kDhgaPWyVaL7V6l3ofIerQ)\n\nTorrent can also be found here... (hash)\n\n1A10F94B7041A70F8E2F2B3D8C4CCF8BF595C7E9', 'https://www.reddit.com/r/MotorsportsReplays/comments/12x6x06/btcc_2023_round_1_donnington_park/', '12x6x06', [['u/wirelessflyingcord', 11, '2023-04-24 13:52', 'https://www.reddit.com/r/MotorsportsReplays/comments/12x6x06/btcc_2023_round_1_donnington_park/jhib2wj/', '> Torrent can also be found here... (hash)\n> \n> 1A10F94B7041A70F8E2F2B3D8C4CCF8BF595C7E9\n\nmagnet:?xt=urn:btih:1A10F94B7041A70F8E2F2B3D8C4CCF8BF595C7E9\n\n(some clients do not understand it without)', '12x6x06']]], ['u/belfastjim', 'How many of you are genuinely all in?', 83, '2023-04-24 12:56', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/', 'And if not, what’s the split of your Bitcoin vs Fiat holdings?', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/', '12xbn3u', [['u/untouch10', 19, '2023-04-24 13:27', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhi8olw/', 'Its all my savings.', '12xbn3u'], ['u/BdayEvryDay', 94, '2023-04-24 13:29', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhi8who/', 'All my savings but I will never give up my 6-8 months fiat savings. I need that in cases of emergency. I have never sold a sat and do not plan to til I no longer can work.', '12xbn3u'], ['u/Relai_Alex', 95, '2023-04-24 13:37', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhi9o30/', "More than all in. I've changed my career to help the Bitcoin revolution even more.", '12xbn3u'], ['u/priapic_green_dildo', 13, '2023-04-24 13:47', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhiakxf/', 'his username [gives it away](https://relai.app) I guess', '12xbn3u'], ['u/decentralized_bass', 20, '2023-04-24 14:20', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhidzyg/', "over 100%, I have fiat debt but it's not worth paying it back right now.", '12xbn3u'], ['u/MiceAreTiny', 45, '2023-04-24 14:30', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhif4x9/', 'All in, in anything, is not solid investment. It screams uneducated yolo.', '12xbn3u'], ['u/Umpire_State_Bldg', 14, '2023-04-24 15:18', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhikty3/', 'WISDOM.', '12xbn3u'], ['u/azsxdcfvg', 10, '2023-04-24 15:49', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhioryi/', "if you're holding long enough you will be genuinely all in involuntarily", '12xbn3u'], ['u/Comfortable_Victory4', 14, '2023-04-24 17:59', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhj7rcf/', 'I was all in but accidentally lost my wallet on a boat trip.', '12xbn3u'], ['u/Possible-Magazine23', 20, '2023-04-24 18:18', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhjaqwh/', "Unpopular opinion - Never ever all in on one particular thing. I like Bitcoin a lot. But i won't all in.", '12xbn3u'], ['u/slimetoshinakamoto', 17, '2023-04-24 20:24', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhjuami/', 'To be honest.. that 6-12 month emergency fund can also be treated as a “dip” fund. BTC fell from $60k to $20k? Time to dump half of the emergency fund into Bitcoin. \n\nIf you had a 12 month emergency fund, now you’re back to a 6 month emergency fund. Still super safe. This is how I treat it. Outside of DCA’ing I’ll allocate money so I can buy the dip', '12xbn3u']]], ['u/eyemgae', "[Winner's Thread #89] I Feel Like a Million Dollars", 484, '2023-04-24 13:17', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/', 'Hi everyone! I\'m /u/eyemgae! I\'m a 26 year old father/husband who works in the Education Tech industry(sounds cooler? than my job really is) and I recently moved to Canada. I happened to be browsing reddit when I received the notification that I was picked and nearly jumped off the couch. I can\'t remember the last time I was picked for a drawing or "won" anything in general. I\'ve excitedly been explaining to people I know about r/MillionaireMakers and that I was picked.\n\nA little bit about me, I have a toddler and a wife who are my pride and joy. I get most of my enjoyment spending time with the two of them. I think my toddler is the funniest 3 year old I\'ve ever met and as I type this he\'s trying to convince me he\'s a witch, while holding a broom and wearing a witch\'s hat. I am thoroughly convinced. Some other things I enjoy are video games, D&D and 3d printing, although I\'m looking forward to the time where I can share these hobbies with my son.\n\nMost of the money donated will go into savings, which one day we\'d like to use for a down payment on a house. I\'ll also be using the money to buy summer clothes for the fast growing toddler, who won\'t fit the same clothes from month to month and some items my wife needs for work as a personal support worker(gloves, masks, lotion, wipes, hand sanitizer, etc.) \n\nThank you so much to anyone who donates no matter the amount and good luck to everyone in the next drawing.\n\nEDIT: Hi everyone! I\'m amazed at how many people are donating. Never in a million years did I think that something like this would happen. \n\nSome people have asked for ways other than PayPal to donate fiat, so I\'ve created and added a link for ko-fi. \n\nThere are more comments than I\'m able to respond to so I\'ll add my thanks here. Thanks to everyone so far who has given congratulations and to those who have donated. I hope everyone has a wonderful start to their week!\n\nEDIT 2(4/27/23): Well folks as of today everyone has donated ~$2000 CAD, I\'ll tally up the exact amount later this week. I can\'t say how grateful I am to everyone who has donated. Unfortunately, I guess due to the unusual activity and amount of people donating to my PayPal account, my PayPal account has been permanently limited. I\'m unable to send or receive money. I\'m also unable to access the funds for 180 days in which PayPal will inform me if I\'m able to retrieve the money. I appreciate the kindness everyone has shown and just wanted to let you all know that you won\'t be able to send money via PayPal any more. I hope everyone has great week!\n\n===============================\n\nEverything listed should result in direct lines of payment to /u/eyemgae. We ask all users to donate at least $1 USD. The Drawing is also listed for users who want to see the results and confirm the validity of the winner.\n\nDrawing: https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89/\n\nPayPal: https://www.paypal.me/sheydizzle\n\nKo-Fi: ko-fi.com/sheydizzle\n\nBitcoin: bc1qdy4ckz9x62cwlakan5y77haxm4sty9n8yhk4uy\n\nBitcoin Cash: bitcoincash:qpst6j2gtv40hh42xmvy565xcqrvxh33tu5uc767ku\n\nEthereum: 0x802E73D6DaC76E119baDccc8D127391841c2b865\n\nLitecoin: LRxEzk7Zi6v8FC2h7KTZQe8ff81X1DkmrX', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/', '12xc585', [['u/phonkee', 55, '2023-04-24 13:26', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi8mkd/', 'Congratulations, 10€ sent to your paypal.', '12xc585'], ['u/eyemgae', 14, '2023-04-24 13:27', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi8obr/', 'Wow! Thank you so much!', '12xc585'], ['u/FCFBadKarma', 24, '2023-04-24 13:28', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi8srj/', 'Sent $6.47 CAD to ya! Congrats!', '12xc585'], ['u/matlem', 14, '2023-04-24 13:31', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi92vd/', 'Congrats! Hope it is life changing!', '12xc585'], ['u/alive_or_', 14, '2023-04-24 13:31', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi92z8/', 'congrats, good luck with parenting! throwing ~$4 CAD your way', '12xc585'], ['u/Dr_Tacopus', 13, '2023-04-24 13:38', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi9r0w/', '$1 LTC sent', '12xc585'], ['u/Deluxe_Flame', 123, '2023-04-24 13:38', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi9r3u/', 'sent 50 bucks ($64.66 CAD). Best wishes man!', '12xc585'], ['u/TTChopper', 13, '2023-04-24 14:00', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhibzgu/', 'Congrats! $5 dollarydoos sent from Australia. Not sure what that works out as in Canadian pesos..', '12xc585'], ['u/eyemgae', 12, '2023-04-24 14:03', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhic7y5/', "I reckon it's enough to buy a jar of Vegemite! Much appreciated!", '12xc585'], ['u/GaryLittlemore', 10, '2023-04-24 14:05', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhich09/', 'Do you have a Dogecoin wallet address?', '12xc585'], ['u/softofferings', 20, '2023-04-24 15:29', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhim681/', "Congrats!\nI'm curious, do winners ever announce the amount they received? A down payment for a house sounds like way more money than I thought winners received!", '12xc585'], ['u/eyemgae', 22, '2023-04-24 15:32', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhimlw0/', "Thanks! Looking back at previous posts, it looks like people usually post the amount donated after a week. Usually around $1-2k. I don't expect to receive enough for a down payment on a house. What I meant to say is that most of what is donated will be put aside to go towards that goal.", '12xc585'], ['u/softofferings', 12, '2023-04-24 15:35', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhimyda/', "Oh that makes more sense :) \n\nAlso this is totally unrelated but I'm also 26 and can't imagine having a 3 year old, did y'all plan for him? Lmao", '12xc585'], ['u/eyemgae', 16, '2023-04-24 15:42', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhinw0l/', "Lol it's different for everyone and some people just don't ever imagine having kids(which I'm cool with), but we did plan to have him. I will say, id hoped to be in a better position financially before he was born, but plans didn't work out that way. Nonetheless, we're happy. \n\nIf you ever plan on having kids, be prepared for sleepless nights for at least a couple years lol. Don't listen to the people that tell you it's all cupcakes and rainbows.", '12xc585']]], ['u/Socialinfluencing', "Just because people hope to get rich doesn't mean they don't care about the tech.", 121, '2023-04-24 14:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/', "Everyone has a different reason for taking part in their crypto journey. Some believe it's the dawn of a new financial era while others seem to want to get rich and quit jobs or have more time to themselves or with their family.\n\nNone of these particular ideas are wrong or more valid than the other. Most people here believe in the tech to some degree otherwise nobody would be invested in it.\n\nPerhaps the two don't have to be mutually exclusive, food for thought. For instance everyone here is excited about Btc or even alt coins, because they see possibility. Whatever that possiblity is can be up for interpretation.\n\nThis is the reason many Dca. Long story short, this is all so new that what may seem ridiculous to you may be a project that someone else believes has a future. So take it easy on new people, at least they're interested and are playing their part in helping the space grow one way or another by engaging with various ecosystems.", 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/', '12xdyly', [['u/kazwetcoffee', 31, '2023-04-24 14:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhiew9s/', "I want to get so rich I don't have to say 'I care about the tech' anymore.", '12xdyly'], ['u/Iangunn15', 31, '2023-04-24 14:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhifuem/', 'Just the same as traditional markets. You can like a company and its product but still want to make money off the stock. Even the people who are "in it only for the tech" dont want to lose money, they want to make money despite their proclamations.', '12xdyly'], ['u/Killertimme', 18, '2023-04-24 14:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhigiy1/', 'I just want to have "fuck you money" so I can say that I dont care about money anymore.', '12xdyly'], ['u/Yautja69', 11, '2023-04-24 15:52', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhip6iv/', 'I just want to buy Beef Jerky without having to look at the price', '12xdyly']]], ['u/wpeironnet', 'If you’ve ever sent a large amount of money with a bank you understand why Bitcoin is needed', 682, '2023-04-24 14:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12xebb6/if_youve_ever_sent_a_large_amount_of_money_with_a/', 'The other day I resold one of my cars and used that money to pay off the loan I had in it. I would consider it a “large” amount to send at once, around $30,000. But I’m sure the difficulty I went through is 10 fold when sending something like a million dollars.\n\nFirst the person paying me wire transferred me the money. And the bank, even though I informed them of this transaction and they expected it, declined the payment. They said this was because you can’t transfer in more money then the cost of your loan? Whatever that means. Made no sense to me.\n\nSo then after dealing with that for a week the buyer and I agreed a cashiers check would work. (They can’t bounce since it’s literally confirmed they are taking the money out when they write it.) Which still took an entire extra day to drive and meet up and process and then to hand over the car.\n\nIf he had paid in bitcoin, or if I had sent 1000 dollars or 10 millions dollars. Bitcoin would be fast and cheaper.\n\nNo middle made chipping away at the money someone is trying to give away to another person. People call bitcoin slow but waiting 5-15 minutes is nothing compared to the hell week I just had to wait through. Bitcoin IS faster, we’re not talking about venmo here we’re talking about real, large, banking transactions. Bitcoin is faster. It’s cheaper. It’s the best method to send and receive and store money and that is why people like it. That’s what gives it value. And that is why almost everyone in crypto has some.', 'https://www.reddit.com/r/CryptoCurrency/comments/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- Countries including China and Iran are deploying digital repression more frequently to target dissent both at home and beyond their borders, the top US intelligence official said, raising the alarm about the erosion of democratic norms worldwide. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin Invasive spyware, disinformation and other technological tools pose a grave threat to US national security, Director of National Intelligence Avril Haines said Monday. Even worse, she added, artificial intelligence can enable regimes to head off efforts to counter them. “The use of these technologies and methods to monitor and limit dissent are on a trajectory to become even more pervasive, targeted and complex,” Haines said at the Carnegie Endowment for International Peace in Washington. “We’re seeing more and more instances of other countries engaging in digital repression and their adoption of these approaches is, in turn, contributing to further democratic erosion,” she said. US Charges 44 Over Chinese Harassment of Dissidents Overseas Haines singled out Russia for passing laws that censored opposition to its invasion of Ukraine and imprisoning people who spread so-called “fake news.” Iran and China, she said, had curtailed digital speech, both domestically and elsewhere. China is “the world’s leading perpetrator of transnational repression,” Haines said. She pointed to a recent indictment against four dozen Chinese officials for allegedly harassing Chinese citizens in the US. Chinese embassy spokesman Liu Pengyu rejected Haines’s characterization and said the country abides by international law. Story continues “China firmly opposes the US’s slanders and smears, its political manipulation, the false narrative of ‘transnational repression,”’ Liu said in a statement. “The US abuse of judicial and law enforcement means against the Chinese citizens is the real ‘transnational repression,’ bringing further damage to the mutual trust between the two countries and bilateral cooperation in the relevant fields.” Haines warned of the rising practice of governments cutting off Internet access, which she said had happened more than 180 times across 35 countries last year. The US intelligence community has seen a record number of governments block websites with political, social or religious content. Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', '(Bloomberg) -- Countries including China and Iran are deploying digital repression more frequently to target dissent both at home and beyond their borders, the top US intelligence official said, raising the alarm about the erosion of democratic norms worldwide.\nMost Read from Bloomberg\n• Tesla Drops Model Y Starting Price Below the Average US Vehicle\n• Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy\n• US Economic Growth Slows to 1.1% While Inflation Accelerates\n• ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War\n• Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin\nInvasive spyware, disinformation and other technological tools pose a grave threat to US national security, Director of National Intelligence Avril Haines said Monday. Even worse, she added, artificial intelligence can enable regimes to head off efforts to counter them.\n“The use of these technologies and methods to monitor and limit dissent are on a trajectory to become even more pervasive, targeted and complex,” Haines said at the Carnegie Endowment for International Peace in Washington.\n“We’re seeing more and more instances of other countries engaging in digital repression and their adoption of these approaches is, in turn, contributing to further democratic erosion,” she said.\nUS Charges 44 Over Chinese Harassment of Dissidents Overseas\nHaines singled out Russia for passing laws that censored opposition to its invasion of Ukraine and imprisoning people who spread so-called “fake news.” Iran and China, she said, had curtailed digital speech, both domestically and elsewhere.\nChina is “the world’s leading perpetrator of transnational repression,” Haines said. She pointed to a recent indictment against four dozen Chinese officials for allegedly harassing Chinese citizens in the US.\nChinese embassy spokesman Liu Pengyu rejected Haines’s characterization and said the country abides by international law.\n“China firmly opposes the US’s slanders and smears, its political manipulation, the false narrative of ‘transnational repression,”’ Liu said in a statement. “The US abuse of judicial and law enforcement means against the Chinese citizens is the real ‘transnational repression,’ bringing further damage to the mutual trust between the two countries and bilateral cooperation in the relevant fields.”\nHaines warned of the rising practice of governments cutting off Internet access, which she said had happened more than 180 times across 35 countries last year. The US intelligence community has seen a record number of governments block websites with political, social or religious content.\nMost Read from Bloomberg Businessweek\n• A Tax Loophole Makes EV Leasing a No-Brainer in the US\n• At Charles Schwab, Being a Big Bank Has Become a Big Problem\n• Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About\n• Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins\n• Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies\n©2023 Bloomberg L.P.', 'Cryptocurrency exchange Coinbase took action against the Securities and Exchange Commission (SEC) late Monday, asking a federal court to compel the agency to respond to its demand for clearer crypto regulations. The exchange sent the SEC its so-called “ petition for rulemaking ” last July, and asked the regulator to propose and adopt rules for digital assets securities. It also sought answers to 50 specific questions that would provide “clarity and certainty regarding the regulatory treatment of digital asset securities." Some of the questions center on the SEC’s methodology for classifying certain tokens as securities, while others focus on topics like asset custody and trading crypto asset securities on SEC-regulated exchanges. Under the law, the SEC is required to address Coinbase’s petition within a “reasonable” amount of time, a person familiar with the situation told Decrypt , alluding to the Administrative Procedure Act . They said that, from Coinbase’s point of view, a reasonable amount of time has passed after nine months with no response. Coinbase Is Backing Ripple Against the SEC Responding to the questions and creating new rules related to digital asset securities would be beneficial for the health of U.S. capital markets, the petition argued. “The U.S. does not currently have a functioning market in digital asset securities due to the lack of a clear and workable regulatory regime,” it stated. “New rules facilitating the use of digital asset securities would allow for a more efficient and effective allocation of capital in financial markets.” Should it ultimately respond to the petition, the financial watchdog could say that it does not believe new rules are necessary, echoing comments made by SEC Chairman Gary Gensler. During a congressional hearing last month, Gensler said “ regulations actually already exist ” for crypto to be managed effectively under securities laws. But if the SEC’s response to Coinbase’s petition is not to create new rules, then the company would have the opportunity to challenge the SEC in court, the source said. And, according to the source, until the company gets a response from the SEC, the exchange’s push for regulatory clarity is effectively on ice. Story continues Coinbase Chief Legal Officer Paul Grewal wrote in a blog post that Coinbase is not asking the court to tell the SEC how to respond. "We are simply requesting that the Court order the SEC to respond at all, which they are legally obligated to do," he said. "It’s important for the SEC and any other agency petitioned for rulemaking to respond to the petition once the agency has made up its mind, especially if the answer is no," Grewal continued. "Otherwise, the public can never exercise its right to ask a court if the agency’s decision was proper." Coinbase Backs Grayscale’s Bitcoin ETF Lawsuit Against SEC The petition was filed on the same day that the SEC claimed nine tokens available on Coinbase were unregistered securities, listed in an insider trading lawsuit brought against a former Coinbase product manager, Ishan Wahi, and two others. The exchange’s challenge comes amid a regulatory crackdown in the U.S., where agencies like the SEC and the Commodity Futures Trading Commission (CFTC) have stepped up their scrutiny of digital assets firms so far this year. The cryptocurrency exchange Kraken reached a settlement with the SEC in February over its staking-as-a-service program, which the agency alleged was offered to investors in violation of securities laws. Kraken was hit with a $30 million fine and agreed to cease the service for clients in the U.S. as part of its settlement. But Kraken—which consists of Payward Ventures, Inc. and Payward Trading Ltd.—did not admit to or deny the SEC’s allegations. Coinbase signaled its staking products could also come under regulatory pressure after the company disclosed it had received a Wells Notice last month. The notice claimed the company’s staking products are unregistered securities. It referenced aspects of the exchange and the firm’s Coinbase Wallet product as well. Coinbase Is Speeding Up Plans to Expand Outside the US Last year, the company lost $2.6 billion compared to a profit of $3.6 billion in 2021, as the exchange’s pandemic-era boom gave way to crypto winter. And Coinbase has explored avenues to diversify its revenue away from a reliance on trading fees, as retail traders wrestle with high inflation and the brunt of higher interest rates. Analysts at JPMorgan have expressed bullish sentiments regarding the firm’s embrace of services, specifically staking. But the Wall Street titan’s tone wavered in the wake of Kraken’s settlement, warning that regulatory actions could put the feasibility of Coinbase’s shift at risk, in areas including staking and custody. Coinbase is set to report earnings for its first fiscal quarter of this year on May 4. And as the only publicly-traded exchange in the U.S., analysts will likely use it as an opportunity to take the temperature of the digital assets industry, keen to know if an uptick in prices has coincided with retail traders returning to the platform—and to what extent.', 'Cryptocurrency exchange Coinbase took action against the Securities and Exchange Commission (SEC) late Monday, asking a federal court to compel the agency to respond to its demand for clearer crypto regulations.\nThe exchange sent the SEC its so-called “petition for rulemaking” last July, and asked the regulator to propose and adopt rules for digital assets securities. It also sought answers to 50 specific questions that would provide “clarity and certainty regarding the regulatory treatment of digital asset securities."\nSome of the questions center on the SEC’s methodology for classifying certain tokens as securities, while others focus on topics like asset custody and trading crypto asset securities on SEC-regulated exchanges.\nUnder the law, the SEC is required to address Coinbase’s petition within a “reasonable” amount of time, a person familiar with the situation toldDecrypt, alluding to theAdministrative Procedure Act. They said that, from Coinbase’s point of view, a reasonable amount of time has passed after nine months with no response.\nCoinbase Is Backing Ripple Against the SEC\nResponding to the questions and creating new rules related to digital asset securities would be beneficial for the health of U.S. capital markets, the petition argued.\n“The U.S. does not currently have a functioning market in digital asset securities due to the lack of a clear and workable regulatory regime,” it stated. “New rules facilitating the use of digital asset securities would allow for a more efficient and effective allocation of capital in financial markets.”\nShould it ultimately respond to the petition, the financial watchdog could say that it does not believe new rules are necessary, echoing comments made by SEC Chairman Gary Gensler. During a congressional hearing last month, Gensler said “regulations actually already exist” for crypto to be managed effectively under securities laws.\nBut if the SEC’s response to Coinbase’s petition is not to create new rules, then the company would have the opportunity to challenge the SEC in court, the source said. And, according to the source, until the company gets a response from the SEC, the exchange’s push for regulatory clarity is effectively on ice.\nCoinbase Chief Legal Officer Paul Grewal wrote in ablog postthat Coinbase is not asking the court to tell the SEC how to respond. "We are simply requesting that the Court order the SEC to respond at all, which they are legally obligated to do," he said.\n"It’s important for the SEC and any other agency petitioned for rulemaking to respond to the petition once the agency has made up its mind, especially if the answer is no," Grewal continued. "Otherwise, the public can never exercise its right to ask a court if the agency’s decision was proper."\nCoinbase Backs Grayscale’s Bitcoin ETF Lawsuit Against SEC\nThe petition was filed on the same day that the SEC claimed nine tokens available on Coinbase were unregistered securities, listed in an insider trading lawsuitbrought againsta former Coinbase product manager, Ishan Wahi, and two others.\nThe exchange’s challenge comes amid a regulatory crackdown in the U.S., where agencies like the SEC and the Commodity Futures Trading Commission (CFTC) have stepped up their scrutiny of digital assets firms so far this year.\nThe cryptocurrency exchange Kraken reached a settlement with the SEC in February over its staking-as-a-service program, which the agency alleged was offered to investors in violation of securities laws.\nKraken was hit with a$30 million fineand agreed to cease the service for clients in the U.S. as part of its settlement. But Kraken—which consists of Payward Ventures, Inc. and Payward Trading Ltd.—did not admit to or deny the SEC’s allegations.\nCoinbase signaled its staking products could also come under regulatory pressure after the company disclosed it hadreceived a Wells Noticelast month. The notice claimed the company’s staking products are unregistered securities. It referenced aspects of the exchange and the firm’s Coinbase Wallet product as well.\nCoinbase Is Speeding Up Plans to Expand Outside the US\nLast year, the company lost $2.6 billion compared to a profit of $3.6 billion in 2021, as the exchange’s pandemic-era boom gave way to crypto winter. And Coinbase has explored avenues to diversify its revenue away from a reliance on trading fees, as retail traders wrestle with high inflation and the brunt of higher interest rates.\nAnalysts at JPMorgan have expressedbullish sentimentsregarding the firm’s embrace of services, specifically staking. But the Wall Street titan’stone waveredin the wake of Kraken’s settlement, warning that regulatory actions could put the feasibility of Coinbase’s shift at risk, in areas including staking and custody.\nCoinbase is set to report earnings for its first fiscal quarter of this year on May 4. And as the only publicly-traded exchange in the U.S., analysts will likely use it as an opportunity to take the temperature of the digital assets industry, keen to know if an uptick in prices has coincided with retail traders returning to the platform—and to what extent.', 'The cryptocurrency market, known for its speculative nature, is experiencing renewed interest. The instability in the banking sector has questioned the reliability of our conventional financial systems. This has led to an increase in demand for non-traditional methods of the transaction as people seek safer alternatives. Thus, examining some of the leading speculative cryptos may prove to be a fruitful exercise for traders and those looking to play the momentum in this market.\nIt turns out that not all speculative cryptos are created equal. Sure, many projects have very iffy fundamentals. There may be little for investors to point to in terms of utility created by a given platform. These sorts of stories are what generally drive more conservative investors to other asset classes.\nThat said, there are some lower-volume, mid-cap projects I’d put in the speculative bucket that I think have excellent potential and relatively strong fundamentals. Here are three speculative cryptos that investors may want to consider, as the crypto market continues to churn higher.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"ICP-USD": "BAT-USD", "Internet Computer": "Basic Attention Token", "$": "$"}, {"ICP-USD": "FTM-USD", "Internet Computer": "Fantom", "$": "$"}]\nSource: Shutterstock\nDuring its launch in 2021, Internet Computer made bold assertions about its scalability, threateningEthereum(ETH-USD) and other layer-1 platforms. This competing layer-1 network initially soared on its debut, before falling to earth in a rather dramatic fashion.\nThus, many investors may not want to consider this token, which has gone from more than $400 per token in mid-2021 to around $5 apiece today. Arguably, this Web3 project, aimed at providing much of the infrastructure for a decentralized world computer, looks like a dud.\nHowever, there’s been some impressiveupward price actionwith ICP in recent months, despite the slump in the broader crypto market. Internet Computer has come back on the radar for some investors due toreportsthat the project plans to integrateBitcoin(BTC-USD) and Ethereum with the ICP network. According to the recently-released roadmap, these integrations will occur sometime this year. The incorporation of smart contract capabilities into these blockchains may lead investors to perceive ICP as a scalability solution for these leading blockchains.\nThe potential of Internet Computer to enable Bitcoin to be transmitted without private keys through smart contracts is an innovative concept that has piqued the interest of some investors. Furthermore, some are enthusiastic about the future of Internet computers in the multi-chain ecosystem. Indeed, there are several reasons investors may be excited about the prospects of ICP, particularly at these beaten down levels.\nSource: Stanslavs / Shutterstock\nIf you are interested in earning incentives for simply browsing the internet, exploringBasic Attention Token(BAT-USD) may be worthwhile. The token offers an innovative approach to earning rewards via theBrave browser, created by the company responsible for developing BAT. With Brave’s feature that replaces conventional internet advertisements with BAT-awarding ads, users can earn rewards while surfing the web.\nThe Brave browser provides a distinct method of earning rewards using the token. Through Brave’s replacement of traditional internet ads with BAT-rewarding ads, users can earn while they surf. This sort of model is immediately appealing to anyone who spends multiple hours on the computer on a given day.\nDespite being behind significant web browsers in popularity, Brave has already gained over 50 million monthly active users, proving to be one of the most successful cryptocurrency projects.\nAdditionally,BAT is not just any other cryptocurrency. It represents a groundbreaking technology that has the potential to revolutionize online advertising. The technology can create a more effective and fair ecosystem by giving users greater control over their browsing experience and removing intermediaries. Thus, this is certainly one of the more speculative cryptos I’ve got on my radar. If the project’s overall fundamentals continue to show growth, BAT could turn out to be a screaming buy at current levels.\nSource: shutterstock.com/ARTEMENKO VALENTYN\nLast on this list of speculative cryptos to buy isFantom(FTM-USD), a Layer-1 blockchain platform that was introduced in 2019. One of the unique features of Fantom is its proof-of-stake (PoS) consensus process, known asLachesis, which utilizes an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol built on a directed acyclic network (DAG) engine.\nFantom is an innovative smart contract platform that offers DeFi services to developers. This ensures efficient scalability and security for blockchain projects, while maintaining quick transaction speeds and reasonable costs. If users become dissatisfied with Ethereum or other platforms, Fantom could meet their needs. As a result, FTM is a cryptocurrency worth investigating to determine its potential.\nFTM has experienced a sharp decline in value after reaching its all-time high of$3.36 in January 2022. Its price dropped drastically, breaking down at support levels around 20 cents, ultiamtely hitting a low of $0.164 in November, resulting in a 95% loss for investors who bought in at the top. However, the trend has recently changed, and the value of Fantom has been on the rise, almost tripling from its lows.\nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Speculative Cryptos to Buy for Massive Potential Gainsappeared first onInvestorPlace.', 'The cryptocurrency market, known for its speculative nature, is experiencing renewed interest. The instability in the banking sector has questioned the reliability of our conventional financial systems. This has led to an increase in demand for non-traditional methods of the transaction as people seek safer alternatives. Thus, examining some of the leading speculative cryptos may prove to be a fruitful exercise for traders and those looking to play the momentum in this market. It turns out that not all speculative cryptos are created equal. Sure, many projects have very iffy fundamentals. There may be little for investors to point to in terms of utility created by a given platform. These sorts of stories are what generally drive more conservative investors to other asset classes. That said, there are some lower-volume, mid-cap projects I’d put in the speculative bucket that I think have excellent potential and relatively strong fundamentals. Here are three speculative cryptos that investors may want to consider, as the crypto market continues to churn higher. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ICP-USD Internet Computer $ BAT-USD Basic Attention Token $ FTM-USD Fantom $ Internet Computer (ICP-USD) A concept photo for the Internet Computer (ICP) crypto. Source: Shutterstock During its launch in 2021, Internet Computer made bold assertions about its scalability, threatening Ethereum ( ETH-USD ) and other layer-1 platforms. This competing layer-1 network initially soared on its debut, before falling to earth in a rather dramatic fashion. Thus, many investors may not want to consider this token, which has gone from more than $400 per token in mid-2021 to around $5 apiece today. Arguably, this Web3 project, aimed at providing much of the infrastructure for a decentralized world computer, looks like a dud. However, there’s been some impressive upward price action with ICP in recent months , despite the slump in the broader crypto market. Internet Computer has come back on the radar for some investors due to reports that the project plans to integrate Bitcoin ( BTC-USD ) and Ethereum with the ICP network. According to the recently-released roadmap, these integrations will occur sometime this year. The incorporation of smart contract capabilities into these blockchains may lead investors to perceive ICP as a scalability solution for these leading blockchains. Story continues The potential of Internet Computer to enable Bitcoin to be transmitted without private keys through smart contracts is an innovative concept that has piqued the interest of some investors. Furthermore, some are enthusiastic about the future of Internet computers in the multi-chain ecosystem. Indeed, there are several reasons investors may be excited about the prospects of ICP, particularly at these beaten down levels. Basic Attention Token (BAT-USD) Basic Attention Token (BAT-USD) concept coin in front of a stack of cryptos and two dice that say "buy" and "sell" Source: Stanslavs / Shutterstock If you are interested in earning incentives for simply browsing the internet, exploring Basic Attention Token ( BAT-USD ) may be worthwhile. The token offers an innovative approach to earning rewards via the Brave browser , created by the company responsible for developing BAT. With Brave’s feature that replaces conventional internet advertisements with BAT-awarding ads, users can earn rewards while surfing the web. The Brave browser provides a distinct method of earning rewards using the token. Through Brave’s replacement of traditional internet ads with BAT-rewarding ads, users can earn while they surf. This sort of model is immediately appealing to anyone who spends multiple hours on the computer on a given day. Despite being behind significant web browsers in popularity, Brave has already gained over 50 million monthly active users, proving to be one of the most successful cryptocurrency projects. Additionally, BAT is not just any other cryptocurrency. It represents a groundbreaking technology that has the potential to revolutionize online advertising. The technology can create a more effective and fair ecosystem by giving users greater control over their browsing experience and removing intermediaries. Thus, this is certainly one of the more speculative cryptos I’ve got on my radar. If the project’s overall fundamentals continue to show growth, BAT could turn out to be a screaming buy at current levels. Fantom (FTM-USD) The Fantom (FTM) crypto logo on a black background Source: shutterstock.com/ARTEMENKO VALENTYN Last on this list of speculative cryptos to buy is Fantom ( FTM-USD ), a Layer-1 blockchain platform that was introduced in 2019. One of the unique features of Fantom is its proof-of-stake (PoS) consensus process, known as Lachesis , which utilizes an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol built on a directed acyclic network (DAG) engine. Fantom is an innovative smart contract platform that offers DeFi services to developers. This ensures efficient scalability and security for blockchain projects, while maintaining quick transaction speeds and reasonable costs. If users become dissatisfied with Ethereum or other platforms, Fantom could meet their needs. As a result, FTM is a cryptocurrency worth investigating to determine its potential. FTM has experienced a sharp decline in value after reaching its all-time high of $3.36 in January 2022 . Its price dropped drastically, breaking down at support levels around 20 cents, ultiamtely hitting a low of $0.164 in November, resulting in a 95% loss for investors who bought in at the top. However, the trend has recently changed, and the value of Fantom has been on the rise, almost tripling from its lows. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Wall Street Titan: Here’s My #1 Stock for 2023 It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Speculative Cryptos to Buy for Massive Potential Gains appeared first on InvestorPlace .', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto markets are playing the waiting game as tech\'s expected mixed bag of earnings may push things down as the week progresses.\nInsights:Do Kwon is in a Montenegro jail on charges he sold unregistered securities, but his attorneys raised a reasonable point about the SEC quest for unlimited jurisdiction over the asset class.\nCoinDesk Market Index (CMI)\n1,192\n−11.8▼1.0%\nBitcoin (BTC)\n$27,514\n−335.0▼1.2%\nEthereum (ETH)\n$1,845\n−37.6▼2.0%\nS&P 500\n4,137.04\n+3.5▲0.1%\nGold\n$2,007\n+27.5▲1.4%\nNikkei 225\n28,593.52\n+29.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning, Asia.\nMarkets in the region are opening flat, with both crypto and traditional finance (TradFi) markets not doing much.\nBitcoin is currently at $27,514, down 1.2%, while ether is down 2% to $1,845.\nEther\'s relatively stagnant position comes as the protocol\'s Shanghai upgrade bringsrecord-breaking inflows into the ecosystemas stakers reinvest their rewards.\nData from Coinglassshows that while the market is still relatively flat, the majority of liquidations are coming from short positions, suggesting the market has legs.\nAround Asia, the Nikkei 225 opened slightly in the green at 28,714 while Korea\'s KOPSI is flat at 2,521.\nIn the U.S., Wall Street is awaiting earnings from Microsoft and Alphabet, which are scheduled for April 25.\nCrypto remains tightly correlated with the Nasdaq,as CoinDesk reported earlier this month, which reiterates the narrative that it\'s another risk asset rather than a safe haven from economic malaise, thus making tech earnings as important as ever.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22123.7%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.3%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22123.2%", "DACS Sector": "Smart Contract Platform"}]\nDo Kwon Has a Point\nDo Kwon isback in court in the U.S.– via his lawyers because he’s in jail in Montenegro – asking for the Security and Exchange Commission’s (SEC) case against him alleging he sold unregistered securities to be dismissed. UST, the algorithmic stablecoin of Kwon\'s Terra ecosystem, is currency, not a security, is the argument being presented.\nThe SEC lacks a “clear congressional authorization” to regulate digital assets, the docket reads, pointing out that the Commodity Futures Trading Commission (CFTC) chairman has changed his mind “about whether cryptocurrencies are securities, and currently asserts that stablecoins (like UST) are not.”\nKwon isn’t the only target here. The SEC is continuing its campaign of regulation by enforcement: attempting to get insider trading charges added to a case of a fired Coinbase product manager, thus having awide net to call everything a security; or sneaking in allegations that all exchange tokens are securities in a complaint against former Alameda CEO Caroline Ellison, whichwent uncontestedas she submitted a plea deal to prosecutors.\n“Backdoor rulemaking”is one way to describe it.\nIn contrast, many jurisdictions in Asia are moving in the opposite direction: creating legal frameworks to properly define crypto – not apply frameworks from the mid-twentieth century – and regulate it as the unique asset class it is. The Monetary Authority of Singapore has this already set up,Hong Kong is working onits own framework, and even Taiwan isrolling out a rulebook.\nKwon is no saint, and is in a lot of trouble after being caught in Montenegro with a fake passport. But his counsel is putting forward a good argument about crypto regulation in the U.S., and the SEC’s quest for unlimited jurisdiction over the asset class.\nPerhaps in his fall, he’ll create an important precedent for the future of crypto regulation in the U.S., and in the end, we’ll thank him for accelerating a push for regulatory clarity.\nConsensus 2023(April 26-28)\n9:00 p.m. HKT/SGT(13:00 UTC)United States Housing Price Index (MoM/Feb)\n10:00 p.m. HKT/SGT(14:00 UTC)United States New Home Sales (MoM/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day\nRep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and called for the removal of SEC Chair Gary Gensler. This came as bitcoin (BTC) is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is also the former head of research at CoinDesk and Genesis Trading, both units of Digital Currency Group.\nWhat to Expect at Consensus 2023:From Solana phones to the future of U.S. crypto policy, here’s what to look out for at crypto’s Big Tent event – Consensus.\nZimbabwe to Introduce Gold-Backed Digital Currency, Report:The country\'s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so that they can hedge against the currency\'s volatility.\nWrapped Bitcoin Token Goes Live on Cardano Testnet:The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.\nTerra\'s Do Kwon Wants SEC Charges Dismissed, Court Filings Show:The SEC cannot regulate digital assets involved in the case because the UST stablecoin is a currency, not a security, lawyers for Kwon have said.\nBitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says:A report from the firm noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price.\nCORRECTION (April 25, 2023 14:50 UTC): Caroline Ellison was the former CEO of Alameda Research, not its chief operating officer.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto markets are playing the waiting game as tech\'s expected mixed bag of earnings may push things down as the week progresses. Insights: Do Kwon is in a Montenegro jail on charges he sold unregistered securities, but his attorneys raised a reasonable point about the SEC quest for unlimited jurisdiction over the asset class. Prices CoinDesk Market Index (CMI) 1,192 −11.8 ▼ 1.0% Bitcoin (BTC) $27,514 −335.0 ▼ 1.2% Ethereum (ETH) $1,845 −37.6 ▼ 2.0% S&P 500 4,137.04 +3.5 ▲ 0.1% Gold $2,007 +27.5 ▲ 1.4% Nikkei 225 28,593.52 +29.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning, Asia. Markets in the region are opening flat, with both crypto and traditional finance (TradFi) markets not doing much. Bitcoin is currently at $27,514, down 1.2%, while ether is down 2% to $1,845. Ether\'s relatively stagnant position comes as the protocol\'s Shanghai upgrade brings record-breaking inflows into the ecosystem as stakers reinvest their rewards. Data from Coinglass shows that while the market is still relatively flat, the majority of liquidations are coming from short positions, suggesting the market has legs. Around Asia, the Nikkei 225 opened slightly in the green at 28,714 while Korea\'s KOPSI is flat at 2,521. In the U.S., Wall Street is awaiting earnings from Microsoft and Alphabet, which are scheduled for April 25. Crypto remains tightly correlated with the Nasdaq, as CoinDesk reported earlier this month , which reiterates the narrative that it\'s another risk asset rather than a safe haven from economic malaise, thus making tech earnings as important as ever. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +0.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −3.7% Currency Gala GALA −3.3% Entertainment Cardano ADA −3.2% Smart Contract Platform Insights Do Kwon Has a Point Do Kwon is back in court in the U.S. – via his lawyers because he’s in jail in Montenegro – asking for the Security and Exchange Commission’s (SEC) case against him alleging he sold unregistered securities to be dismissed. UST, the algorithmic stablecoin of Kwon\'s Terra ecosystem, is currency, not a security, is the argument being presented. Story continues The SEC lacks a “clear congressional authorization” to regulate digital assets, the docket reads, pointing out that the Commodity Futures Trading Commission (CFTC) chairman has changed his mind “about whether cryptocurrencies are securities, and currently asserts that stablecoins (like UST) are not.” Kwon isn’t the only target here. The SEC is continuing its campaign of regulation by enforcement: attempting to get insider trading charges added to a case of a fired Coinbase product manager, thus having a wide net to call everything a security ; or sneaking in allegations that all exchange tokens are securities in a complaint against former Alameda CEO Caroline Ellison, which went uncontested as she submitted a plea deal to prosecutors. “Backdoor rulemaking” is one way to describe it . In contrast, many jurisdictions in Asia are moving in the opposite direction: creating legal frameworks to properly define crypto – not apply frameworks from the mid-twentieth century – and regulate it as the unique asset class it is. The Monetary Authority of Singapore has this already set up, Hong Kong is working on its own framework, and even Taiwan is rolling out a rulebook . Kwon is no saint, and is in a lot of trouble after being caught in Montenegro with a fake passport. But his counsel is putting forward a good argument about crypto regulation in the U.S., and the SEC’s quest for unlimited jurisdiction over the asset class. Perhaps in his fall, he’ll create an important precedent for the future of crypto regulation in the U.S., and in the end, we’ll thank him for accelerating a push for regulatory clarity. Important events Consensus 2023 (April 26-28) 9:00 p.m. HKT/SGT(13:00 UTC) United States Housing Price Index (MoM/Feb) 10:00 p.m. HKT/SGT(14:00 UTC) United States New Home Sales (MoM/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Rep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and called for the removal of SEC Chair Gary Gensler. This came as bitcoin (BTC) is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is also the former head of research at CoinDesk and Genesis Trading, both units of Digital Currency Group. Headlines What to Expect at Consensus 2023 : From Solana phones to the future of U.S. crypto policy, here’s what to look out for at crypto’s Big Tent event – Consensus. Zimbabwe to Introduce Gold-Backed Digital Currency, Report : The country\'s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so that they can hedge against the currency\'s volatility. Wrapped Bitcoin Token Goes Live on Cardano Testnet : The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem. Terra\'s Do Kwon Wants SEC Charges Dismissed, Court Filings Show : The SEC cannot regulate digital assets involved in the case because the UST stablecoin is a currency, not a security, lawyers for Kwon have said. Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says : A report from the firm noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price. CORRECTION (April 25, 2023 14:50 UTC): Caroline Ellison was the former CEO of Alameda Research, not its chief operating officer.', 'It’s been over 14 years since Bitcoin first graced the global stage, but despite a Cambrian explosion of industry innovation, the adoption of blockchain and digital assets at large is lagging. The reasons for this vary and undoubtedly include the volatility of the market and ongoing stigmas marring the industry. However, a large contributing factor is the awkward user experience and a distinct lack of simplified onboarding methods. Users don’t want to adopt a new technology that is confusing and risky, even if they’re aware of the potential benefits. Speedier and less costly transactions and verifiable digital ownership are great, but choosing which blockchain and wallet to use , learning to care for your private keys, managing gas fees, and performing transactions are far beyond most people’s comfort levels. This is one of the major hurdles holding the space back from broader adoption. Sending and receiving cryptocurrency and other digital assets should be as easy as sending a text message. To onboard everyday users, Web3 applications need to be both trustworthy and simple to use. A trusted axiom when developing new products is “changing user behavior is hard… really hard.” Using familiar behaviors that unlock new benefits is the path to scale and adoption. Users want simplicity Users typically don’t need — and often don’t want — to know what’s going on under the hood, especially if what’s under the hood is NFTs or blockchain. Instead, it simply needs to work from their point of view. This is important because once users can interact seamlessly, companies can step in and begin to offer unique experiences that take advantage of the benefits that Web3 offers. A perfect example of this comes from the recent “Collectible Avatars” launched by Reddit, which saw unprecedented adoption — primarily from Web3 rookies. Importantly, Reddit’s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto. Story continues Bringing well-known and trusted companies into this movement will be critical to spreading adoption. These technologies need to be implemented by major industry players to breed customer trust. This isn’t a new revelation, either. Take PayPal, for instance, which gained\xa0prominence not only for its utility but because it was implemented by the well-established auction site eBay. Once people saw the PayPal brand associated with something they already trusted, consumers began to see the benefits it could offer. To ensure brands want to build in this space, however, we need more than savvy, smoke-and-mirror marketing, and big-time partnerships. We need an entirely new paradigm for user onboarding, new at least in the crypto world. But it is actually quite familiar to the masses. Old solution to new problem Despite numerous advances over the past years, onboarding remains one of the most recurring pain points for the decentralized industry, frequently standing between Web3 platforms and millions of potential users. This is why optimizing and enhancing user onboarding must be among Web3 builders’ main priorities for the space to unlock its true potential and reach mass adoption. One of the most profound solutions to this problem lies in utilizing everyday technology such as mobile phones — which represent the world’s most extensive unique global directory system effortlessly linking people from far-flung corners of the globe in a simple, cheap and secure way. Although numerous Web3 platforms incorporate third-party logins, such as Google, Facebook or Twitter to simplify user onboarding, this approach restricts reach to users who possess specific accounts, not to mention exposing them to potential data harvesting techniques of big tech. In contrast, personal phone numbers are more ubiquitous, inclusive, and readily accessible than social media platforms. Even if someone is indifferent to social media, they are likely to have a phone number, enabling them to effortlessly begin using digital assets. Harnessing this approach opens the door to functional cross-industry campaigns that bridge the gap between the real world and the digital. Which is crucial to the vision of Web3 in the first place. Imagine a gamer who has connected their Web3 wallet with their mobile number. They click on a link that has an “NFT Starter Pack” to their phone number-based wallet. When they click the link, they not only get a wallet and NFT, they are launched into the game, fully authenticated and ready to engage. They can then leverage this wallet as a credential to play blockchain-powered games. One day the player opens a loot crate, but in addition to exciting new gear, they also unlock a free order of fries from a restaurant like Wendy’s. Since their wallet is connected to their phone, all they have to do is go to any Wendy’s, scan a QR code generated by their device’s wallet, and they can receive their free fries. The coupon they utilize is a one-time NFT sent to them, and their phone acts as the verification device confirming they control that wallet. What this means is making NFTs about more than just trading media. Instead, these digital assets can act as certificates, access passes, credentials and pretty much anything else they need to be. Because of the immutable nature of blockchain, these assets are perfectly positioned to be a new, more engaging way for people to interact with brands and services. Blockchain’s untapped potential This stands to unlock an entirely new type of “token-gated” customer experience. Businesses can offer engaging new promotions and added benefits, incentivizing consumer loyalty by providing tangible rewards for those who hold their assets. In addition to expanded loyalty, the upside for brands is that they can have more control and visibility over these campaigns and accurately collect data surrounding what users respond to. This has traditionally been difficult for companies to do with such events, but utilizing blockchain makes building more focused and granular offerings much easier. As for consumers, they can unlock value-added experiences that enhance how they engage with their favorite platforms and products. Bringing an easy access point to Web3 can also help bridge the physical world with the metaverse. Even offline, a phone could scan or generate QR codes allowing user wallets to interact with promotional materials and services. When online, platforms can connect to that wallet directly for sending or receiving transactions. This means that a user’s wallet will provide access to almost everything that a company offers, streamlining the experience and maximizing interoperability. The ultimate key to all of this is simplicity and utility built around how users interact with brands. Wallets need to be as easy to use as the most popular Web2 applications, they need to work universally with services, and they need to offer real benefits. Once this is realized, a world of possibilities opens up for how businesses and consumers interact. This is what will drive actual global adoption. Until this happens, the Web3 space will continue to be a novelty and a fascinating technology, but not the world-changing new paradigm it aims to be.', 'It’s been over 14 years since Bitcoin first graced the global stage, but despite a Cambrian explosion of industry innovation, the adoption of blockchain and digital assets at large is lagging. The reasons for this vary and undoubtedly include thevolatilityof the market and ongoing stigmas marring the industry. However, a large contributing factor is the awkward user experience and a distinct lack of simplified onboarding methods.\nUsers don’t want to adopt a new technology that is confusing and risky, even if they’re aware of the potential benefits. Speedier and less costly transactions and verifiable digital ownership are great, butchoosing which blockchain and wallet to use, learning to care for your private keys, managing gas fees, and performing transactions are far beyond most people’s comfort levels. This is one of themajor hurdlesholding the space back from broader adoption.\nSending and receiving cryptocurrency and other d Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $529,715,309,912 - Hash Rate: 302688354.2796839 - Transaction Count: 369843.0 - Unique Addresses: 663868.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: New technologies are often scary. Then, over time, people get to know them a little—and often still wouldn’t touch them with a 10-foot pole. That would be you, cryptocurrency. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home The Pew Research Center yesterday released the results of a survey showing that a whopping 88% of Americans have heard at least something about crypto, and three-quarters of those people are either not very confident (36%) or not at all confident (39%) about the safety and reliability of virtual currencies. A mere 6% are very or extremely confident in crypto. Of course, hearing about something and experiencing it are two different things, and Pew’s research does show that those who have invested in crypto (around a sixth of U.S. adults, who tend to be wealthier, younger men) are somewhat more likely to find it trustworthy—just 43% of that cohort lack confidence in it. Americans aged 50 or older are less likely to be confident about crypto, as are women. On the plus side for Team Crypto, 69% of those who have invested in, traded, or used cryptocurrencies still hold some of it. The results don’t indicate how much they still hold, but, for those who don’t urgently need to liquidate their holdings, I guess it makes sense to avoid selling in a crypto winter. As it happens, Bitcoin is on an upward trajectory at the moment, having just broken past the $30,000 mark for the first time since the middle of last year. But that’s not necessarily an expression of confidence in Bitcoin as such—it probably has more to do with the expectation that central banks will stop hiking interest rates. There’s certainly no reason to think regulators are going to become less hostile to crypto in the near future, especially given recent actions such as the U.S. Commodity Futures Trading Commission’s civil suit against Binance and its CEO, Changpeng “CZ” Zhao, over alleged compliance violations. Story continues Speaking of which, do read Jeff John Roberts and Yvonne Lau’s exclusive interview with the otherwise-quiet-these-days Zhao, which delves deep into his formative experiences in Canada and China—and even his relationship with his brilliant but remote father. And don’t forget to check out Fortune’ s new Crypto 40 list , which shows how, even if trust in cryptocurrencies is dismal these days, many blockchain technologists are still building quality companies. Want to send thoughts or suggestions to Data Sheet? Drop a line here . David Meyer Data Sheet’s daily news section was written and curated by Andrea Guzman. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["The original crypto bad boy Arthur Hayes still has a bone to pick with what he calls the \x93broken banking system.\x94 Hayes, the founder of the cryptocurrency exchange BitMEX, said he sees crypto as an important asset for consumers to own as a hedge against risk from the traditional banking system. \x93I don\x92t care if you\x92re capitalist or a communist. Everybody put on a lot of debt. We\x92ve passed the point where that debt is becoming useful,\x94 Hayes said during an interview for a recent episode of the gm from Decrypt podcast. \x93And therefore everyone is going to take an 'L' unless they get some crypto or some gold\x97some hard asset that\x92s outside of the traditional banking system.\x94 Normies Don\x92t 'Actually Care About Decentralization': Arthur Hayes Hayes founded BitMEX in 2014 and reaped his rewards for being so early to the industry. But in 2021, the Department of Justice charged him with violating the U.S. Bank Secrecy Act for failing to comply with anti-money laundering programs at BitMEX. He pleaded guilty and after serving two years probation and six months of home detention, he has relocated to Singapore. In that time, Hayes has continued writing long-form essays about cryptocurrency and blockchain adoption. He says his motivations are to educate people about how crypto works and why it\x92s valuable as an alternative to traditional financial institutions. According to Hayes, it\x92s become too politically damaging to let institutions fail in the traditional banking system. Instead, he said, politicians and regulators have tried to keep things going by piling on an increasing amount of debt. He referenced the collapse of Silicon Valley Bank, where consumers rushed to withdraw their funds and triggered a massive bank run. Ultimately, California state banking regulators had to place SVB into receivership and the Federal Reserve had to implement emergency lending . Recent banking collapses have also increased interest in alternative assets, such as Bitcoin, according to Hayes. He said people feared that they could not get full access to their assets, a large concern especially for institutions with large volumes of capital, and it made people consider cryptocurrency as an alternative. As financial institutions have suffered large losses this year, cryptocurrencies have conversely seen increased volume and inflows . \x93If we want crypto to be another financial system, people need to really understand what we're trying to replace, or improve upon,\x94 he said. \x93The unfortunate fact is, a lot of people don't receive any sort of education about how money works, how the banking system works, how asset markets really function.\x94", "The original crypto bad boy Arthur Hayes still has a bone to pick with what he calls the “broken banking system.”\nHayes, the founder of the cryptocurrency exchange BitMEX, said he sees crypto as an important asset for consumers to own as a hedge against risk from the traditional banking system.\n“I don’t care if you’re capitalist or a communist. Everybody put on a lot of debt. We’ve passed the point where that debt is becoming useful,” Hayes said during an interview for a recent episode of the gm fromDecryptpodcast. “And therefore everyone is going to take an 'L' unless they get some crypto or some gold—some hard asset that’s outside of the traditional banking system.”\nNormies Don’t 'Actually Care About Decentralization': Arthur Hayes\nHayes founded BitMEX in 2014 and reaped his rewards for being so early to the industry. But in 2021, the Department of Justice charged him with violating the U.S. Bank Secrecy Act for failing to comply with anti-money laundering programs at BitMEX. He pleaded guilty and after serving two years probation and six months of home detention, he has relocated to Singapore.\nIn that time, Hayes has continued writing long-form essays about cryptocurrency and blockchain adoption. He says his motivations are to educate people about how crypto works and why it’s valuable as an alternative to traditional financial institutions.\nAccording to Hayes, it’s become too politically damaging to let institutions fail in the traditional banking system. Instead, he said, politicians and regulators have tried to keep things going by piling on an increasing amount of debt.\nHe referenced the collapse of Silicon Valley Bank, where consumers rushed to withdraw their funds and triggered a massive bank run. Ultimately, California state banking regulators had to place SVB into receivership and the Federal Reserve had to implement emergencylending.\nRecent banking collapses have also increased interest in alternative assets, such as Bitcoin, according to Hayes. He said people feared that they could not get full access to their assets, a large concern especially for institutions with large volumes of capital, and it made people consider cryptocurrency as an alternative.\nAs financial institutions have suffered large losses this year, cryptocurrencies have conversely seenincreased volume and inflows.\n“If we want crypto to be another financial system, people need to really understand what we're trying to replace, or improve upon,” he said. “The unfortunate fact is, a lot of people don't receive any sort of education about how money works, how the banking system works, how asset markets really function.”", 'A digital copy of the original Bitcoin whitepaper that had been hidden on Macintosh computers for more than five years is not part of an upcoming operating system update from Apple,AppleInsiderreportedTuesday.\nThe late discovery of the PDF document went viral three weeks ago, and it represented only the latest in along line of easter eggsthat Apple (or its employees, more likely) have planted over the last several decades. It seems to have gone unnoticed by Apple\'s millions of users until 2020, when designer Joshua Dickens posted about it to Twitter. Someone who read his poststarted a threadin Apple\'s support forums in April 2021.\nIt didn\'t garner much more attention, however, until noted technologist Andy Baiowrote about itlast month.\n"Of all the documents in the world, why was the Bitcoin whitepaper chosen? Is there a secret Bitcoin maxi working at Apple?" Baio asked. "Maybe it was just a convenient, lightweight multipage PDF for testing purposes, never meant to be seen by end users."\nThe discovery even prompted Craig Wright, who has long claimed to be Bitcoin\'s pseudonymous creator Satoshi Nakamoto, to suggest that Apple wasviolating his copyright. Wright had previously got a court order to force the website Bitcoin.org toremove a copy of the paperin 2021, but the websiterefused to comply.\nAccording to participants in Apple\'s Beta Software Program, upcoming version 13.4 of MacOS Ventura do not contain the file, nor the other elements with which it was initially bundled—a test driver for a virtual scanner to allow developers to work with the operating system\'s image capture module. The files were never intended to be discovered by average users, located in hidden system files.\nAlongside the Bitcoin whitepaper PDF was a photo of a sign at Treasure Island in San Francisco.\nBaio later said that a source inside Apple told him that the presence of the paper was filed as a developer work ticket last year and was assigned to the same person who initially placed the whitepaper in the system. At the time, however, the ticket hadn\'t been acted upon.\n"They’ve indicated it will likely be removed in future versions," Baio said.', 'A digital copy of the original Bitcoin whitepaper that had been hidden on Macintosh computers for more than five years is not part of an upcoming operating system update from Apple,AppleInsiderreportedTuesday.\nThe late discovery of the PDF document went viral three weeks ago, and it represented only the latest in along line of easter eggsthat Apple (or its employees, more likely) have planted over the last several decades. It seems to have gone unnoticed by Apple\'s millions of users until 2020, when designer Joshua Dickens posted about it to Twitter. Someone who read his poststarted a threadin Apple\'s support forums in April 2021.\nIt didn\'t garner much more attention, however, until noted technologist Andy Baiowrote about itlast month.\n"Of all the documents in the world, why was the Bitcoin whitepaper chosen? Is there a secret Bitcoin maxi working at Apple?" Baio asked. "Maybe it was just a convenient, lightweight multipage PDF for testing purposes, never meant to be seen by end users."\nThe discovery even prompted Craig Wright, who has long claimed to be Bitcoin\'s pseudonymous creator Satoshi Nakamoto, to suggest that Apple wasviolating his copyright. Wright had previously got a court order to force the website Bitcoin.org toremove a copy of the paperin 2021, but the websiterefused to comply.\nAccording to participants in Apple\'s Beta Software Program, upcoming version 13.4 of MacOS Ventura do not contain the file, nor the other elements with which it was initially bundled—a test driver for a virtual scanner to allow developers to work with the operating system\'s image capture module. The files were never intended to be discovered by average users, located in hidden system files.\nAlongside the Bitcoin whitepaper PDF was a photo of a sign at Treasure Island in San Francisco.\nBaio later said that a source inside Apple told him that the presence of the paper was filed as a developer work ticket last year and was assigned to the same person who initially placed the whitepaper in the system. At the time, however, the ticket hadn\'t been acted upon.\n"They’ve indicated it will likely be removed in future versions," Baio said.', 'A digital copy of the original Bitcoin whitepaper that had been hidden on Macintosh computers for more than five years is not part of an upcoming operating system update from Apple, AppleInsider reported Tuesday. The late discovery of the PDF document went viral three weeks ago, and it represented only the latest in a long line of easter eggs that Apple (or its employees, more likely) have planted over the last several decades. It seems to have gone unnoticed by Apple\'s millions of users until 2020, when designer Joshua Dickens posted about it to Twitter. Someone who read his post started a thread in Apple\'s support forums in April 2021. Here\'s a mystery: why do I have an Image Capture device called Virtual Scanner II on my Mac? It shows a preview of a painted sign that for some reason closely resembles a photo by @thomashawk on \'clustershot\'? But not exactly -- the scanned version looks more weathered. pic.twitter.com/jPb5kx3NyS \x97 Josh D (@schwa23) November 28, 2020 It didn\'t garner much more attention, however, until noted technologist Andy Baio wrote about it last month. "Of all the documents in the world, why was the Bitcoin whitepaper chosen? Is there a secret Bitcoin maxi working at Apple?" Baio asked. "Maybe it was just a convenient, lightweight multipage PDF for testing purposes, never meant to be seen by end users." The discovery even prompted Craig Wright, who has long claimed to be Bitcoin\'s pseudonymous creator Satoshi Nakamoto, to suggest that Apple was violating his copyright . Wright had previously got a court order to force the website Bitcoin.org to remove a copy of the paper in 2021, but the website refused to comply . According to participants in Apple\'s Beta Software Program, upcoming version 13.4 of MacOS Ventura do not contain the file, nor the other elements with which it was initially bundled\x97a test driver for a virtual scanner to allow developers to work with the operating system\'s image capture module. The files were never intended to be discovered by average users, located in hidden system files. Story continues Alongside the Bitcoin whitepaper PDF was a photo of a sign at Treasure Island in San Francisco. Baio later said that a source inside Apple told him that the presence of the paper was filed as a developer work ticket last year and was assigned to the same person who initially placed the whitepaper in the system. At the time, however, the ticket hadn\'t been acted upon. "They\x92ve indicated it will likely be removed in future versions," Baio said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A late surge returned bitcoin to its previous perch above $28K. Ether also rallied.\nInsights:Is crypto on the mend? What will happen on the regulatory front? CoinDesk\'s annual Consensus conference features crypto industry leaders and will cover key topics over three days.\nCoinDesk Market Index (CMI)\n1,217\n+27.5▲2.3%\nBitcoin (BTC)\n$28,360\n+948.4▲3.5%\nEthereum (ETH)\n$1,870\n+34.5▲1.9%\nS&P 500\n4,071.63\n−65.4▼1.6%\nGold\n$2,008\n+14.0▲0.7%\nNikkei 225\n28,620.07\n+26.5▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,217", "+27.5\\u25b22.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,360", "+948.4\\u25b23.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,870", "+34.5\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,071.63", "\\u221265.4\\u25bc1.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,008", "+14.0\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,620.07", "+26.5\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Surges, but Will the Rally Continue?\nAfter five days lingering below $28,000, bitcoin (BTC) went for a surprising ride upward and took much of the rest of the market with it.\nThe largest cryptocurrency by market capitalization was recently trading above $28,300, up about 3.7% over the past 24 hours. The origins of the surge were difficult to pinpoint. BTC began ticking upward less than 24 hours after embattled First Republic Bank noted that it had lost $100 billion in deposits during its first quarter earnings presentation on Monday, reviving concerns about the banking sector\'s stability. Last month, cryptos rose amid a rash of U.S. regional banking implosions as investors sought refuge in assets that hold their value.\n"WithFirst Republic Banklooking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis,"Jake Boyle, director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CoinDesk. "Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the [Federal Reserve] to adhere to its tightening regime going forward."\nBoyle added: "Bitcoin’s rally of late has more to do with liquidity injections and rising expectations that the Fed’s tightening will probably have to end fairly soon, or else even greater turbulence in the banking sector could ensue.”\nData from analytics firm Coinglass alsoshowedthat some $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. Short squeezes have historically tended to accelerate price jumps.\nEther (ETH) was recently changing hands at about $1,870, up 1.8% from Monday, same time. Other major cryptos were largely in the green, with SOL, the native token of the Solana blockchain, and ADA, the native crypto of the Cardano smart contracts platform, both recently rising more than 3%. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance was up 2.6%.\nIn early Asia trading, the Nikkei and Hang Seng indexes were down slightly. U.S. stocks closed down with the tech-heavy Nasdaq Composite off nearly 2%.\nIn his weekday column, CoinDesk analyst Glenn Williams highlighted that at least two technical indicators were foreshadowing a bitcoin rebound. Williams noted that BTC\'s "recent decline accompanied an expected drop in momentum, but it also occurred in conjunction with a move towards the lower end of the Bollinger Band. Bollinger Bands plot an asset’s 20-day moving average, and calculate two standard deviations above and below the average. An asset’s price is expected to stay within two standard deviations of the average 98% of the time, so a breach above or below is noteworthy.\nWilliams wrote that "bitcoin approaching the lower range of its Bollinger Bands raises questions about its near-term path, but he added that "given recent history, technical analysts could expect BTC prices to advance, albeit methodically, back to their 20-day average."\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.5%", "DACS Sector": "Currency"}]\nThere are no losers in CoinDesk 20 today.\nWhat to Expect at Consensus\nCrypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 atConsensus, CoinDesk’s annual conference. Many of the biggest names in crypto, government, Web3 and more will be in Austin, Texas, this week to discuss the current state of the industry, the devastating year it just had and what the future may hold.\nOn that score, things are looking up. If the first four months of the year are any indication of where the industry is heading, the rebuilding has begun.\nIn the U.S., regulatory uncertainty has given way to thecertainty that crypto will be regulated. The European Union has provided the model, with the landmark omnibusMiCA regulationsbeing voted into law last week. Even China, whichbanned crypto officially in 2019, seems to bewarming to Web3.\nStill, there’s much morebuilding,policymaking,educatingand, yes,investingto be done. While recent markets have given some reason for optimism, fraud and contagion have absolutely smashed consumer confidence in the industry. Regaining that trust will be difficult, but that is the opportunity at the feet of today’s builders, regulators and decision makers – many of whom will share their views at Consensus.\nHere’s what to expect this week in Austin.\nRead the full storyhere:\nConsensus 2023\n2:00 p.m. HKT/SGT(6:00 UTC)Gfk Consumer Confidence Survey(May)\n4:00 p.m. HKT/SGT(8:00 UTC)Switzerland ZEW Survey – Expectations (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Seeks Answers from the SEC; Rep. Patrick McHenry on Stablecoins Outlook\nCrypto exchange Coinbase has asked a federal court to force the Securities and Exchange Commission to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector. This came as Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joined "First Mover" to discuss.\nFTX\'s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction:FTX.USpurchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.\nVoyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal:The crypto lender said it will return value to customers via direct distribution\nCelo Joins Chainlink Program Giving Developers Access to Data Feeds:More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join.\nGoogle Cloud to Help Web3 Builders Fast-Track Their Startups:The initiative will come with technical and monetary support for early-stage Web3 developers.\nGenesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization:The move comes months after an initial agreement was reached between Genesis\' creditors and its owner, DCG.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: A late surge returned bitcoin to its previous perch above $28K. Ether also rallied. Insights: Is crypto on the mend? What will happen on the regulatory front? CoinDesk\'s annual Consensus conference features crypto industry leaders and will cover key topics over three days. Prices CoinDesk Market Index (CMI) 1,217 +27.5 ▲ 2.3% Bitcoin (BTC) $28,360 +948.4 ▲ 3.5% Ethereum (ETH) $1,870 +34.5 ▲ 1.9% S&P 500 4,071.63 −65.4 ▼ 1.6% Gold $2,008 +14.0 ▲ 0.7% Nikkei 225 28,620.07 +26.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,217 +27.5 ▲ 2.3% Bitcoin (BTC) $28,360 +948.4 ▲ 3.5% Ethereum (ETH) $1,870 +34.5 ▲ 1.9% S&P 500 4,071.63 −65.4 ▼ 1.6% Gold $2,008 +14.0 ▲ 0.7% Nikkei 225 28,620.07 +26.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Surges, but Will the Rally Continue? After five days lingering below $28,000, bitcoin (BTC) went for a surprising ride upward and took much of the rest of the market with it. The largest cryptocurrency by market capitalization was recently trading above $28,300, up about 3.7% over the past 24 hours. The origins of the surge were difficult to pinpoint. BTC began ticking upward less than 24 hours after embattled First Republic Bank noted that it had lost $100 billion in deposits during its first quarter earnings presentation on Monday, reviving concerns about the banking sector\'s stability. Last month, cryptos rose amid a rash of U.S. regional banking implosions as investors sought refuge in assets that hold their value. "With First Republic Bank looking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis," Jake Boyle , director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CoinDesk. "Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the [Federal Reserve] to adhere to its tightening regime going forward." Story continues Boyle added: "Bitcoin’s rally of late has more to do with liquidity injections and rising expectations that the Fed’s tightening will probably have to end fairly soon, or else even greater turbulence in the banking sector could ensue.” Data from analytics firm Coinglass also showed that some $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. Short squeezes have historically tended to accelerate price jumps. Ether (ETH) was recently changing hands at about $1,870, up 1.8% from Monday, same time. Other major cryptos were largely in the green, with SOL, the native token of the Solana blockchain, and ADA, the native crypto of the Cardano smart contracts platform, both recently rising more than 3%. The CoinDesk Market Index , a measure of the crypto market\'s overall performance was up 2.6%. In early Asia trading, the Nikkei and Hang Seng indexes were down slightly. U.S. stocks closed down with the tech-heavy Nasdaq Composite off nearly 2%. In his weekday column, CoinDesk analyst Glenn Williams highlighted that at least two technical indicators were foreshadowing a bitcoin rebound. Williams noted that BTC\'s "recent decline accompanied an expected drop in momentum, but it also occurred in conjunction with a move towards the lower end of the Bollinger Band. Bollinger Bands plot an asset’s 20-day moving average, and calculate two standard deviations above and below the average. An asset’s price is expected to stay within two standard deviations of the average 98% of the time, so a breach above or below is noteworthy. Williams wrote that "bitcoin approaching the lower range of its Bollinger Bands raises questions about its near-term path, but he added that "given recent history, technical analysts could expect BTC prices to advance, albeit methodically, back to their 20-day average." Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +4.4% Smart Contract Platform Cardano ADA +3.7% Smart Contract Platform Bitcoin BTC +3.5% Currency Biggest Losers There are no losers in CoinDesk 20 today. Insights What to Expect at Consensus Crypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 at Consensus , CoinDesk’s annual conference. Many of the biggest names in crypto, government, Web3 and more will be in Austin, Texas, this week to discuss the current state of the industry, the devastating year it just had and what the future may hold. On that score, things are looking up. If the first four months of the year are any indication of where the industry is heading, the rebuilding has begun. In the U.S., regulatory uncertainty has given way to the certainty that crypto will be regulated . The European Union has provided the model, with the landmark omnibus MiCA regulations being voted into law last week. Even China, which banned crypto officially in 2019 , seems to be warming to Web3 . Still, there’s much more building , policymaking , educating and, yes, investing to be done. While recent markets have given some reason for optimism, fraud and contagion have absolutely smashed consumer confidence in the industry. Regaining that trust will be difficult, but that is the opportunity at the feet of today’s builders, regulators and decision makers – many of whom will share their views at Consensus. Here’s what to expect this week in Austin. Read the full story here : Important events Consensus 2023 2:00 p.m. HKT/SGT(6:00 UTC) Gfk Consumer Confidence Survey(May) 4:00 p.m. HKT/SGT(8:00 UTC) Switzerland ZEW Survey – Expectations (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Seeks Answers from the SEC; Rep. Patrick McHenry on Stablecoins Outlook Crypto exchange Coinbase has asked a federal court to force the Securities and Exchange Commission to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector. This came as Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joined "First Mover" to discuss. Headlines FTX\'s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction : FTX.US purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk. Voyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal : The crypto lender said it will return value to customers via direct distribution Celo Joins Chainlink Program Giving Developers Access to Data Feeds : More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join. Google Cloud to Help Web3 Builders Fast-Track Their Startups : The initiative will come with technical and monetary support for early-stage Web3 developers. Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization : The move comes months after an initial agreement was reached between Genesis\' creditors and its owner, DCG.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A late surge returned bitcoin to its previous perch above $28K. Ether also rallied.\nInsights:Is crypto on the mend? What will happen on the regulatory front? CoinDesk\'s annual Consensus conference features crypto industry leaders and will cover key topics over three days.\nCoinDesk Market Index (CMI)\n1,217\n+27.5▲2.3%\nBitcoin (BTC)\n$28,360\n+948.4▲3.5%\nEthereum (ETH)\n$1,870\n+34.5▲1.9%\nS&P 500\n4,071.63\n−65.4▼1.6%\nGold\n$2,008\n+14.0▲0.7%\nNikkei 225\n28,620.07\n+26.5▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,217", "+27.5\\u25b22.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,360", "+948.4\\u25b23.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,870", "+34.5\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,071.63", "\\u221265.4\\u25bc1.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,008", "+14.0\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,620.07", "+26.5\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Surges, but Will the Rally Continue?\nAfter five days lingering below $28,000, bitcoin (BTC) went for a surprising ride upward and took much of the rest of the market with it.\nThe largest cryptocurrency by market capitalization was recently trading above $28,300, up about 3.7% over the past 24 hours. The origins of the surge were difficult to pinpoint. BTC began ticking upward less than 24 hours after embattled First Republic Bank noted that it had lost $100 billion in deposits during its first quarter earnings presentation on Monday, reviving concerns about the banking sector\'s stability. Last month, cryptos rose amid a rash of U.S. regional banking implosions as investors sought refuge in assets that hold their value.\n"WithFirst Republic Banklooking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis,"Jake Boyle, director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CoinDesk. "Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the [Federal Reserve] to adhere to its tightening regime going forward."\nBoyle added: "Bitcoin’s rally of late has more to do with liquidity injections and rising expectations that the Fed’s tightening will probably have to end fairly soon, or else even greater turbulence in the banking sector could ensue.”\nData from analytics firm Coinglass alsoshowedthat some $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. Short squeezes have historically tended to accelerate price jumps.\nEther (ETH) was recently changing hands at about $1,870, up 1.8% from Monday, same time. Other major cryptos were largely in the green, with SOL, the native token of the Solana blockchain, and ADA, the native crypto of the Cardano smart contracts platform, both recently rising more than 3%. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance was up 2.6%.\nIn early Asia trading, the Nikkei and Hang Seng indexes were down slightly. U.S. stocks closed down with the tech-heavy Nasdaq Composite off nearly 2%.\nIn his weekday column, CoinDesk analyst Glenn Williams highlighted that at least two technical indicators were foreshadowing a bitcoin rebound. Williams noted that BTC\'s "recent decline accompanied an expected drop in momentum, but it also occurred in conjunction with a move towards the lower end of the Bollinger Band. Bollinger Bands plot an asset’s 20-day moving average, and calculate two standard deviations above and below the average. An asset’s price is expected to stay within two standard deviations of the average 98% of the time, so a breach above or below is noteworthy.\nWilliams wrote that "bitcoin approaching the lower range of its Bollinger Bands raises questions about its near-term path, but he added that "given recent history, technical analysts could expect BTC prices to advance, albeit methodically, back to their 20-day average."\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.5%", "DACS Sector": "Currency"}]\nThere are no losers in CoinDesk 20 today.\nWhat to Expect at Consensus\nCrypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 atConsensus, CoinDesk’s annual conference. Many of the biggest names in crypto, government, Web3 and more will be in Austin, Texas, this week to discuss the current state of the industry, the devastating year it just had and what the future may hold.\nOn that score, things are looking up. If the first four months of the year are any indication of where the industry is heading, the rebuilding has begun.\nIn the U.S., regulatory uncertainty has given way to thecertainty that crypto will be regulated. The European Union has provided the model, with the landmark omnibusMiCA regulationsbeing voted into law last week. Even China, whichbanned crypto officially in 2019, seems to bewarming to Web3.\nStill, there’s much morebuilding,policymaking,educatingand, yes,investingto be done. While recent markets have given some reason for optimism, fraud and contagion have absolutely smashed consumer confidence in the industry. Regaining that trust will be difficult, but that is the opportunity at the feet of today’s builders, regulators and decision makers – many of whom will share their views at Consensus.\nHere’s what to expect this week in Austin.\nRead the full storyhere:\nConsensus 2023\n2:00 p.m. HKT/SGT(6:00 UTC)Gfk Consumer Confidence Survey(May)\n4:00 p.m. HKT/SGT(8:00 UTC)Switzerland ZEW Survey – Expectations (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Seeks Answers from the SEC; Rep. Patrick McHenry on Stablecoins Outlook\nCrypto exchange Coinbase has asked a federal court to force the Securities and Exchange Commission to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector. This came as Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joined "First Mover" to discuss.\nFTX\'s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction:FTX.USpurchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.\nVoyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal:The crypto lender said it will return value to customers via direct distribution\nCelo Joins Chainlink Program Giving Developers Access to Data Feeds:More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join.\nGoogle Cloud to Help Web3 Builders Fast-Track Their Startups:The initiative will come with technical and monetary support for early-stage Web3 developers.\nGenesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization:The move comes months after an initial agreement was reached between Genesis\' creditors and its owner, DCG.', 'Proof of reserves plays a critical role in the cryptocurrency industry by providing a vital security mechanism for investors. Given the industry’s lack of regulation and transparency, investors may have reservations about putting their money into the market. In response,\xa0many leaders in the industry are stepping up to assure users of their reserves.\n“The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method. It will also be made open source. We hope this would help the entire industry benefit,” Changpeng “CZ” Zhao, the CEO of Binance,recently tweeted.\nBen Zhou, CEO of Bybit, has alsoreassured clientsthat “Bybit has always [been] committed to client fund safety and guarantees 1 to 1 reserves.”\nOKX, led by founder, Mingxing “Star” Xu,recently announcedtheir fifth proof-of-reserves report showing over US$8.9 billion in “clean assets” held in the exchange reserves, including over 100% reserves for BTC, ETH and USDT.\nThis past week, Texas also jumped on the “proof of reserves” bandwagon as its House of Representatives passed a bill that would require it for crypto companies operating in the U.S. state. By requiring adequate reserves, the proposed legislation seeks to prevent situations where a company is unable to meet its obligations to customers due to insufficient funds.\nThese words and measures may help alleviate some investor concerns that their digital assets held by a crypto exchange are safe and not being used by the exchange for other purposes, such as trading or investment. However, many crypto users still do not understand the concept of “proof of reserves” and how it works.\nHere is an overview of what proof of reserves is all about, the potential gaps in how it’s being carried out, and how investors can demand more accurate and timely data for protecting their crypto holdings.\nProof-of-reserve audits are crucial in verifying that exchanges hold the total amount of crypto assets they claim to have on behalf of their customers. This gives investors the confidence to know that their assets are securely stored and not at risk of being lost or stolen. It is especially important given the recent high-profile hacks and security breaches in the industry, which have resulted in the loss of millions of dollars worth of digital assets.\nProof of reserves provides a level of accountability for crypto exchanges. By ensuring that they are holding customers’ assets safely and securely, exchanges are incentivized to maintain high levels of transparency and openness. This can help to prevent suspicious or illegal financial activities from occurring on the exchange, which is vital for the overall credibility and legitimacy of the industry. Thus, it plays a crucial role in maintaining investor confidence and promoting the growth and success of the cryptocurrency industry.\nBut many people have a mixed understanding of what proof of reserve means and what it entails. There are three methods for proof-of-reserve verification, including “public wallet address,” “third-party audit,” and the most widely used “Merkle tree” proof.\n1. Proving reserves through public wallets\nA public wallet is one method for proving reserves, which entails an exchange publicly sharing the addresses of itscrypto walletsthat contain customer funds. This approach offers a transparent and verifiable mechanism for both customers and regulators to confirm that the exchange is indeed holding the funds it claims to possess.\nThrough public wallets, customers of a crypto exchange can monitor the wallet addresses and ascertain that the funds contained in those wallets match the amounts they have deposited with the exchange. Such a high level of transparency can bolster trust between customers and the exchange and reassure customers that their funds are safe.\nApart from total transparency and enhancing accountability, a public wallet can also serve as an early warning mechanism for investors to detect any irregularities in a crypto exchange’s financial situation. For instance, if the balance of a wallet suddenly decreases without any explanation, it could signal potential fraudulent activity.\nJust a word of caution: A public wallet may not be sufficient in revealing how the reserves are being managed or invested. Hence, it is critical to view a public wallet as just one part of a more extensive transparency and oversight framework, which includes other techniques such as live audits and continuous proof of solvency.\n1. Third-party audits\nThird-party audits of proof of reserve are a method of validating an exchange’s reserves through an independent auditor. This approach aims to provide an unbiased evaluation of an exchange’s financial status and can enhance trust between customers, regulators and the exchange.\nDuring a third-party audit, the auditor investigates the exchange’s records and verifies that the funds the exchange holds correspond to the amount owed to its customers. The auditor also confirms that the funds are held in secure and auditable accounts while scrutinizing any potential irregularities or discrepancies that may indicate fraudulent activities.\nUsing third-party auditors can yield several benefits, including preventing crypto exchanges from exaggerating their reserves or engaging in fraudulent activities, fostering confidence among customers and regulators, and promoting transparency and accountability within the largely unregulated cryptocurrency industry.\nThere are some drawbacks to relying on third-party audits for proof of reserves. Finding an impartial auditor with the required expertise and experience to carry out the audit may not always be feasible. In addition, the audit may only reflect a specific snapshot of the exchange’s financial status at a particular moment in time, potentially overlooking other fraudulent activities or ongoing mismanagement.\n1. Merkle tree\nA Merkle tree is a cryptographic technique that plays a significant role in securing the blockchain. It employs a complex process that creates a series of hash values representing a block of transactions stored on the exchange. This process is done by combining the hash values of each transaction within the block, thus producing a unique hash value for the entire block.\nThe creation of this unique hash value is crucial as it provides an extra layer of security for the digital assets held by the exchange. Any attempt to tamper with a single transaction within the block would result in a change to the hash value of the entire block, which the system would detect. As a result, any unauthorized modification of the block can be quickly detected and prevented.\nFor crypto investors, verifying the hash value of their digital assets is an essential process that enables them to confirm the security of their assets. By doing so, they can be confident that their crypto assets are stored securely on the exchange and not stolen or compromised. Moreover, verifying the hash value of their assets is crucial because it helps to maintain their personal privacy regarding the total amount of assets held on the exchange.\nMerkle tree provides this added privacy by only revealing the specific block of transactions that the hash value represents while not revealing any information about the total amount of assets held by the holder. This privacy protection is crucial for holders who want to verify the security of their assets while keeping the total amount of their assets private.\nProof of reserve plays a vital role in the cryptocurrency industry for three key reasons. Firstly, it allows customers to ensure the accuracy of their holding balances and verify that their assets are safe and secure. As the cryptocurrency market lacks regulation and transparency, It is an essential tool that empowers customers to confirm that their assets are not being used for unauthorized investment purposes, such as trading or lending.\nSecondly, it incentivizes exchanges to operate in a more transparent and accountable manner. By verifying the accuracy of their reserve holdings, exchanges are held responsible for their actions, which promotes greater transparency and responsibility in the industry. This creates an environment that discourages suspicious or illegal financial activities, which is crucial for the growth and legitimacy of the market.\nThirdly, it prevents exchanges from acting like traditional banks by lending customer deposits to third parties. In the past, traditional banks have used customer deposits to make loans, putting depositors’ funds at risk. With proof of reserves, customers can verify that their assets are not being lent out, which provides peace of mind and ensures the safety and security of their assets. This important feature sets cryptocurrency exchanges apart from traditional banks and promotes trust and credibility in the industry.\nPublicly disclosing proof of reserves can have several benefits for cryptocurrency exchanges and crypto holders alike. By verifying the accuracy of reserve holdings, holders can feel confident that their assets are being securely stored and not being utilized for other purposes. This increased trust can attract more users to trade on the exchange, boosting its reputation and market share. Public proof of reserves can also help enhance the stability of an exchange’s operations by preventing the use of customers’ deposits for investment or other business activities. Many mainstream exchanges, including Binance, OKX, Bitget, KuCoin and Bybit, have publicly disclosed their reserves to showcase their commitment to transparency and security. By doing so, these exchanges create a more stable and sustainable operating environment.\nWhile this is a step in the right direction toward greater transparency and accountability, such disclosures are not foolproof and may have some flaws and loopholes. For instance, exchanges can manipulate their reserves data by temporarily moving funds into ahot walletjust for the purpose of verification. Additionally, it only proves that an exchange has enough reserves at a specific point in time, and it does not guarantee that the reserves will remain the same in the future.\nOne potential solution to the flaws is combining proof of reserve with other transparency methods. Through the use of multiple methods, it is possible to instill greater confidence in both customers and regulators regarding an exchange’s adherence to its claims of reserve holdings. This is particularly critical as an exchange’s failure to maintain adequate reserves can have far-reaching consequences, including reputational damage and financial losses.\nBy leveraging additional methods, such as live audits and continuous proof of solvency, it is possible to detect fraudulent activities in real time, thereby providing a more detailed and current view of the exchange’s financial position. This proactive approach to monitoring can enable irregularities to be immediately identified and addressed, in contrast to relying on infrequent or less comprehensive audit approaches.\nNecessary but not sufficient\nThe dynamic nature of the crypto industry suggests that proof of reserve may not be the ultimate solution but rather a building block to the development of more advanced and robust methods of verifying reserves. Despite its limitations, it is a formidable tool in the crypto industry’s quest for greater transparency and accountability. While it is true that disclosing proof of reserve is not infallible, it represents a significant stride in the right direction, as it bolsters confidence in the sector and cultivates a more mature market.\nThe widespread adoption of proof of reserve could significantly enhance the credibility and legitimacy of the crypto industry. This would benefit investors and open doors to innovative financial tools and services that could revolutionize the broader economy. Ultimately, as the crypto industry evolves and adapts, its limitations could be addressed and overcome, leading to greater trust and confidence in the sector.\nTo me, trust can be a really “cheap” word. If you are truly worried, withdraw your crypto and keep it all to yourself and only yourself.\nThe best way to test proof of reserve is to put on a stress test. If the exchange can withstand withdrawals of any sort in a timely manner, this is the best proof.', 'Proof of reserves plays a critical role in the cryptocurrency industry by providing a vital security mechanism for investors. Given the industry’s lack of regulation and transparency, investors may have reservations about putting their money into the market. In response,\xa0many leaders in the industry are stepping up to assure users of their reserves. “The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method. It will also be made open source. We hope this would help the entire industry benefit,” Changpeng “CZ” Zhao, the CEO of Binance, recently tweeted . Ben Zhou, CEO of Bybit, has also reassured clients that “Bybit has always [been] committed to client fund safety and guarantees 1 to 1 reserves.” OKX, led by founder, Mingxing “Star” Xu, recently announced their fifth proof-of-reserves report showing over US$8.9 billion in “clean assets” held in the exchange reserves, including over 100% reserves for BTC, ETH and USDT. This past week, Texas also jumped on the “proof of reserves” bandwagon as its House of Representatives passed a bill that would require it for crypto companies operating in the U.S. state. By requiring adequate reserves, the proposed legislation seeks to prevent situations where a company is unable to meet its obligations to customers due to insufficient funds. These words and measures may help alleviate some investor concerns that their digital assets held by a crypto exchange are safe and not being used by the exchange for other purposes, such as trading or investment. However, many crypto users still do not understand the concept of “proof of reserves” and how it works. Here is an overview of what proof of reserves is all about, the potential gaps in how it’s being carried out, and how investors can demand more accurate and timely data for protecting their crypto holdings. What proof of reserve does Proof-of-reserve audits are crucial in verifying that exchanges hold the total amount of crypto assets they claim to have on behalf of their customers. This gives investors the confidence to know that their assets are securely stored and not at risk of being lost or stolen. It is especially important given the recent high-profile hacks and security breaches in the industry, which have r Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $560,919,901,500 - Hash Rate: 314795888.4508713 - Transaction Count: 436461.0 - Unique Addresses: 668682.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: MicroStrategy acquired 6,555 Bitcoin for around US$150 million, at an average price of US$23,238 per coin, between Feb. 16 and March 23, said Michael Saylor, MicroStrategy’s co-founder and executive chairman. See related article:MicroStrategy’s share price hits 2-month high following Saylor reshuffle • The company holds around 138,955 worth of Bitcoin, acquired for some US$4.14 billion, at an average price of US$29,817 per Bitcoin, according to Saylor’sannouncementMonday. • MicroStrategy is the world’s largest corporate Bitcoin holder, followed by Marathon Digital Holdings that has an estimated 12,232 Bitcoin on its balance sheet, according toBitcoinTreasuries. • Saylor also added that his company repaid its US$205 million Bitcoin-collateralized loan to Silvergate bank in full, at a 22% discount. • Saylor stepped down from his role as CEOto become executive chairman last August, to focus more on the company’s “Bitcoin acquisition strategy and related Bitcoin advocacy initiatives.” • Microstrategy’s shares fell 0.21% during the day to trade at US$256,67 at 9:00 p.m. in Hong Kong. Its share price has risen 60% since the start of the year, while Bitcoin values strengthened 67% in the same period. See related article:Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’... - Reddit Posts (Sample): [['u/skymtf', 'Bryant Public Schools blocks multiple lgbt website', 205, '2023-04-26 01:44', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/', 'I heard from a high school senior about multiple domains being blocked, I went ahead and had them test and it appears most lgbt websites are blocked\n\n[HRC.org](https://HRC.org)\n\n[transhub.org](https://transhub.org)\n\n[https://www.glaad.org/](https://www.glaad.org/)\n\n[transequalitynetwork.com](https://transequalitynetwork.com)\n\n[transequality.org](https://transequality.org)\n\n[pflag.org](https://pflag.org)\n\n[transgendermap.com/](https://www.transgendermap.com/)\n\n[pinknews.com](https://pinknews.com)\n\n[pride.com](https://pride.com)\n\n[stonewall.org.uk](https://stonewall.org.uk)\n\n[gaycenter.org](https://gaycenter.org)\n\n[familyequality.org](https://familyequality.org)\n\n[lalgbtcenter.org](https://lalgbtcenter.org)\n\n[lgbt.usf.edu](https://lgbt.usf.edu)\n\n[socialjustice.rutgers.edu](https://socialjustice.rutgers.edu)\n\n[equaldex.com](https://equaldex.com)\n\n[mkelgbt.org](https://mkelgbt.org)\n\n[thecenterbak.org](https://thecenterbak.org)\n\n[lgbtq.gmu.edu](https://lgbtq.gmu.edu)\n\n[wearefamilycharlston.edu](https://wearefamilycharlston.edu)\n\n[wearefamilycharleston.org/](https://wearefamilycharleston.org/)\n\n[prismlgbtq.org](https://prismlgbtq.org)\n\n[lgbtqcenter.org](https://lgbtqcenter.org)\n\n//Liberal news sources\n\n[cnn.com](https://cnn.com)\n\n[vox.com](https://vox.com)\n\n[npr.com](https://npr.com)\n\n[https://www.ualrpublicradio.org/](https://www.ualrpublicradio.org/)\n\nMultiple right wings hate websites are not blocked including[https://www.heritage.org/](https://www.heritage.org/)\n\n[https://www.focusonthefamily.com/](https://www.focusonthefamily.com/)\n\n\n\nWill add more if more are found', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/', '12z035o', [['u/Ariintothewoods', 14, '2023-04-26 02:09', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq10g5/', 'not defending them, but i have seen many sites be blocked for keywords, such as Sex and sexuality. At my school, they managed to block making tabs, google classroom, google drive, khan academy and more for a while before being unblocked after complaint. It may be malicious, but i just think they have a flagging system. \n\nI no longer have a school owned device to check if my school has the same restrictions, but i assume it would. have you check conservative news sources to see if their blocked?', '12z035o'], ['u/FOSpiders', 39, '2023-04-26 02:37', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq4obd/', 'There are support and human rights related sites there. But of course the hate sites are still accessible. Wouldn\'t want the kiddos miss out on the lunatic conspiracy theories now, would we?\n\nIs CNN generally considered to be too centrist for the right down there to tolerate? It\'s hard for me to tell since being from outside America, CNN comes off as pretty tolerant of ridiculous Republican nonsense. Like John Oliver mentioned, a compromise between sense and nonsense is still nonsense. "It would be crazy to eat this entire bar of soap..."', '12z035o'], ['u/Radio_up', 24, '2023-04-26 02:50', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq6f0o/', 'A college website was blocked and NPR was blocked???', '12z035o'], ['u/Miri5613', 18, '2023-04-26 02:59', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq7i8x/', 'Didnt see fox on that list or church websites, nothing factual coming from those', '12z035o'], ['u/Miri5613', 12, '2023-04-26 03:00', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq7paw/', 'Smells like a right wing troll.', '12z035o'], ['u/Specvmike', 13, '2023-04-26 03:06', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq8ifx/', 'NPR? WTF? Did they listen to Musk and are treating them like state sponsored media?', '12z035o'], ['u/Thatguyxlii', 27, '2023-04-26 03:34', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqc1wy/', 'I wonder if SPLCenter.org and aclu.org are also blocked. Or doctorswithoutborders.org, or other sites that care about human rights and equality, but they probably are. Probably adl.org as well. But I bet the sites for Christian hate groups like the Alliance Defending Freedom or the American Family Association or the Family Research Council are accessible.', '12z035o'], ['u/Thatguyxlii', 16, '2023-04-26 03:36', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqcbil/', "CNN is kind of a joke anyways. Best place to go for news is associated press, reuters or PBS, but I bet they're blocked, too, as well as the BBC news.", '12z035o'], ['u/Thatguyxlii', 12, '2023-04-26 03:41', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqcz82/', 'Focus on the Family is a Christian hate group and labelled as such by the SPLC (which is probably blocked).', '12z035o'], ['u/Smurgthemaster1234', 15, '2023-04-26 04:06', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqgdk5/', "Yeah cause news sites couldn't possibly be needed for school work 🙄", '12z035o'], ['u/djk0010', 29, '2023-04-26 05:42', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqrwee/', 'When I worked in IT at the school district, most of the Internet comes from the state, DIS specifically. And yes, just as others have stated a lot of key words are filtered by the states Internet. It’s not specifically the school district. Keywords get flagged, not much we can do about it especially since we require Internet and receive grant money from the state because in a lot of rural areas, a lot of schools can’t afford to pay millions of dollars to have decent Internet because of location and a variety of other determining factors and in a lot of those scenarios DIS provides some if not all of the bandwidth and we have to abide by their filtering rules. A lot of districts also use them as a Main and then if other ISPs are available they will have a redundant provider through Windstream or Ritter but we are still required to do filtering through the state. \n\nI’m not saying that it makes it right but the district has little to no control over it. Just want to make sure this is being viewed from all angles not just someone that took it upon themselves just to try to go to a bunch of websites and test the integrity of the firewall to see what’s blocked without knowing the IT side of it. I can’t tell you how many times I got sick and tired of having to send in unblock request to stuff that doesn’t need to be blocked, or why this is blocked and this other thing isn’t blocked.\n\nAlso, as a heads up, I wouldn’t recommend asking kids to go to some of these sites. Regardless, if they’re a senior or not and have them test to see what’s blocked, it will flag their account with a timestamp of the infraction and depending on who handles flagged request will get them into trouble and have their Internet privileges suspended. I know most of the time the phrase kids will be kids is usually the case but that’s not always the case. I doubt any of you want to spend your afternoon getting your kids Chromebook back from the principal because of some Reddit post lol. Because I promise you administration won’t care. They have a no tolerance policy and most of you with kids sign an acceptable use policy for the schools network to be granted access.', '12z035o'], ['u/skymtf', 16, '2023-04-26 06:08', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqupyw/', "that sadly does not seem to be a the case given, I had them go a few anti trans sites, and didnt get blocked, (if it were keywords that would of gotten triggered), secondly that doesnt exactly explain CNN/NPR. unless some AI just went rouge and flagged a bunch of stuff I feel like it's filtered, also looking at their configs and how things are blocked, they are using a thrid party company for DNS filtering. Keep in mind I am unsure how exactly the flagging system works, or when exactly a domain is scanned, I'm guessing if it scans my website and blocks it than we will know. but for some reason I feel like this is more targeted", '12z035o'], ['u/skymtf', 10, '2023-04-26 06:11', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhquz8l/', 'fox news is also unblocked, I did not mention it since testing every single site would of taken forever, also I cannot directly experiment with it.', '12z035o'], ['u/Tanthiel', 12, '2023-04-26 06:59', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqznph/', 'The righties consider CNN far left.', '12z035o'], ['u/Toklankitsune', 13, '2023-04-26 12:44', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhrotkf/', 'to be fair they see Biden as far left somehow too. the windows shifted that far towards fascism. Biden would pass as a Regan era republican.', '12z035o']]], ['u/fnetma', 'Microstrategy should use some of their 140,000 BTC and add liquidity to the lightning network...', 48, '2023-04-26 03:47', 'https://www.reddit.com/r/Bitcoin/comments/12z2upi/microstrategy_should_use_some_of_their_140000_btc/', 'I know they are building a suite of products/services for the lightning network but it would be nice if they helped build up the lightning network liquidity. They could double the liquidity pretty easily and give more people and bigger players more confidence in the network.', 'https://www.reddit.com/r/Bitcoin/comments/12z2upi/microstrategy_should_use_some_of_their_140000_btc/', '12z2upi', [['u/life762', 44, '2023-04-26 04:43', 'https://www.reddit.com/r/Bitcoin/comments/12z2upi/microstrategy_should_use_some_of_their_140000_btc/jhql3sm/', "Liquidity of the lightning network will increase naturally with the number of users of the network. Idle liquidity won't increase confidence in the network. More users will.\n\nEncourage normies to start using the network.", '12z2upi']]], ['u/Dismal-Jellyfish', 'CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks." "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"', 548, '2023-04-26 04:07', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/', 'Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London\n\n[https:\\/\\/www.cftc.gov\\/PressRoom\\/SpeechesTestimony\\/oparomero8 ](https://preview.redd.it/d961g39vz4wa1.png?width=400&format=png&auto=webp&v=enabled&s=1f4de401c9a5ffa1adb8d9e91124c081a56058be)\n\n# Highlights:\n\n* "The CFTC will aggressively police fraud in digital asset markets." "\n * We have filed 73 digital assets civil prosecutions for fraud and other illegal acts, about one-third of them during my tenure." \n * "Frauds involving ponzi schemes, rug pulls, fictitious projects, empty promises, and lies about track records of success, devastate victims financially and emotionally." \n* "Digital assets pose non-bank financial stability risk." \n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets." \n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority" \n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates." \n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity." \n* "The digital asset industry should verify digital identity." \n* "Governments have a responsibility to reduce the risks that digital assets pose to financial stability." \n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks." \n* "The use of digital assets for illicit finance poses national security and other risks." \n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations" \n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology." \n\n# TIME OUT! What Treasury actually found:\n\n[ https:\\/\\/home.treasury.gov\\/system\\/files\\/136\\/DeFi-Risk-Full-Review.pdf ](https://preview.redd.it/kfbc9ngxx4wa1.png?width=1547&format=png&auto=webp&v=enabled&s=b8cf04a1aae5b8499d046585961b4c6600adb750)\n\n>Moreover, money laundering, proliferation financing, and terrorist financing most commonly occur using fiat currency or other traditional assets as opposed to virtual assets.\n\nThat dirty, dirty, dirty fiat!!!! Most common way to money launder and do other bad things?!?\n\nColor me shocked!!! It does take a little bit of the wind out of her argument though, right?\n\n# TLDRS:\n\nCFTC Commissioner Christy Goldsmith Romero Claims:\n\n* "The use of digital assets for illicit finance poses national security and other risks." \n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"\n* "Digital assets pose non-bank financial stability risk." \n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets." \n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority" \n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates." \n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity." \n* "The digital asset industry should verify digital identity." \n* The use of digital assets for illicit finance poses national security and other risks." \n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations" \n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology."\n\n# What Treasury actually found:\n\nhttps://preview.redd.it/ndhtjxnmz4wa1.png?width=1547&format=png&auto=webp&v=enabled&s=122d105197b040e0228e990df7ee416ce4e89aba\n\nhttps://preview.redd.it/ltro07ioz4wa1.png?width=610&format=png&auto=webp&v=enabled&s=3f580420214d566ddd2af6cdb28f898daf3ed7a8\n\n# Full Speech:\n\n>Tomorrow is reportedly the 12th anniversary of the day that Satoshi Nakamoto, the creator of Bitcoin and blockchain, sent his final message to developers.[\\[1\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn1) It has long been speculated that he left disillusioned after PC-World published that Bitcoin could be used for payments to WikiLeaks after it was blacklisted by banks. He walked away the day after messaging, “It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”[\\[2\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn2) \n> \n>I wonder what Satoshi thinks of the entire industry that has grown from his vision, about this past tumultuous year for that industry, and the use of Bitcoin for illicit finance. A hornet’s nest has been kicked indeed. \n> \n>Satoshi’s vision for a peer-to-peer network without a trusted third party inspired a global financial services ecosystem of intermediaries, platforms, projects, and markets. However, most digital assets today are transacted on centralized “exchanges,” that act as “trusted” third parties, differing from Satoshi’s vision. Retail and institutional participation in digital asset markets exploded in recent years to a $3 trillion valuation, in part because investors trusted in those exchanges. Trust was eroded with high-profile meltdowns and contagion, leaving investors with nearly $2 trillion in losses,[\\[3\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn3) and the industry in a crisis of trust.[\\[4\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn4) \n> \n>As a U.S. regulator in law enforcement for 21 years combatting money laundering, fraud and other crime, I will talk first about the most serious risk in digital asset markets—the use of crypto for illicit finance. I will also talk about the risk of cyber hacks, fraud, and financial stability. I will share my views about how to manage these risks, while promoting market integrity and protecting customers. \n> \n>*The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks.* \n> \n>The use of digital assets for illicit finance poses national security and other risks. Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity.[\\[5\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn5) \n> \n>In 2020, the U.S. Department of Justice (“DOJ”) dismantled three terrorist financing campaigns of Hamas, al-Qaeda, and ISIS, seizing 300 cryptocurrency accounts. One of these terrorist groups boasted that Bitcoin donations were untraceable and would be used for violent causes. DOJ has shut down darknet marketplaces, like Silk Road and Hydra. DOJ also shut down Hydra’s largest counterparty, the crypto exchange Bitzlato, which Treasury has identified as a primary money laundering concern in connection with Russian illicit financing.[\\[6\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn6) \n> \n>Cryptocurrency is used to finance cybercrime and is demanded for ransomware payments. The victims of cyber attacks can be individuals, companies, hospitals, schools, governments, the financial sector, transportation, critical infrastructure like the Colonial Pipeline, and supply chains like JBS, the world’s largest meat supplier. There have been significant cyber hacks sponsored by Russia, including related to the U.S. 2016 election, French elections in 2017, the 2018 Olympic games, and Ukraine. \n> \n>U.S. authorities worked with authorities from many nations to take down Hydra and Genesis Market, who sold account access credentials stolen from 1.5 million compromised computers.[\\[7\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn7) And in January, DOJ shut down Hive, one of the largest ransomware groups. \n> \n>The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations.[\\[8\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn8) Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology.[\\[9\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn9) \n> \n>*Digital asset technologies pose a significant risk of customer loss through cybercrime.* \n> \n>Last year was a record-setting year for crypto cybercrime with more than $3.8 billion stolen. The criminals are sophisticated, relentless, and often state actors. DeFi’s open source code and public blockchain make it vulnerable to cyber hacks, as seen by the fact that 82% of the hacks involved DeFi.[\\[10\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn10) \n> \n>Exchanges also face cyber risks. FTX CEO John Ray recently reported that FTX “grossly deprioritized and ignored cybersecurity controls” and “lacked a reasonable ability to prevent, detect, respond to, or recover from a significant cybersecurity incident, including” a $432 million breach in November.[\\[11\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn11) \n> \n>Private key management is essential. In the Ronin Bridge hack, the largest hack ever, the hackers were able to access the private keys to steal $600 million in crypto. \n> \n>Fortifying cross-chain bridges that permit users to migrate crypto assets across different blockchains is critical. Almost two-thirds of hacks affecting DeFi protocols came via breaches on cross-chain bridges.[\\[12\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn12) Binance was hacked over a cross-chain bridge in October.[\\[13\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn13) \n> \n>It’s also important to secure third party services, such as customer interfaces. Man-in-the-middle hacks exploit third party vulnerabilities, as seen in the $120 million Badger DAO hack. \n> \n>*Fraud has become a hallmark of digital asset markets, the human toll of which may be overlooked.* \n> \n>The hype and buzz around digital assets have attracted opportunists and criminals. The CFTC will aggressively police fraud in digital asset markets. We have filed 73 digital assets civil prosecutions for fraud and other illegal acts, about one-third of them during my tenure.[\\[14\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn14) This, combined with my two decades of combatting fraud, give me insight into the human toll of crypto fraud—the victims. Frauds involving ponzi schemes, rug pulls, fictitious projects, empty promises, and lies about track records of success, devastate victims financially and emotionally. \n> \n>Perhaps the worst victimization comes from scammers who prey on loneliness in romance scams and the newly emerged “pig-butchering” scam, where scammers “fatten up” victims by tricking them into believing they are in a romantic relationship, and then “butcher” them into investing in a fraudulent crypto scheme on a fake website that looks like a legitimate crypto offering or trading platform.[\\[15\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn15) \n> \n>In 2022, frauds reported to the FBI involving cryptocurrency, including pig butchering, represented the highest of any category of investment scams. Losses from these scams have increased 183% since 2021, with $2.57 billion in losses in 2022.[\\[16\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn16) \n> \n>*Digital assets pose non-bank financial stability risk.* \n> \n>Satoshi’s vision for a peer-to-peer network to transfer value without a trusted third party and outside of the traditional financial system (“Trad Fi”) is by design a shadow banking system. Much like other non-bank activity, regulators do not have visibility into risks of digital asset activity. I came to the CFTC from Treasury where for the last decade I served as the Special Inspector General over the Troubled Asset Relief Program (“SIGTARP”), in law enforcement and other work to strengthen financial stability after the 2008 financial crisis. \n> \n>Within three months of joining the CFTC, starting in June 2022, I began warning of financial stability risks in crypto markets that echoed the 2008 crisis.[\\[17\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn17) This included run risk, contagion risk, hidden exposures in opaque, complex products, and underlying assets that were not the high quality represented. I also said that because the Bitcoin (and other non-securities) markets were not regulated, regulators could not see the extent of the risk. Additionally, I warned of risks novel to crypto, such as conflicts of interests as many companies use multiple affiliates to serve as exchanges, brokers, clearing agencies, and other functions (known as vertical integration). And I warned that customer assets were commingled with company assets, and of heightened cyber risk. \n> \n>All of these risks were then publicly exposed. Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media. Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets. \n> \n>Today I want to highlight two specific areas that contribute to financial stability risk: first, the fact that customers of crypto exchanges often do not have control of their assets or bankruptcy priority, and second, conflicts of interest including vertical integration. \n> \n>Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority \n> \n>Because crypto exchanges are often structured similar to traditional exchanges and perform similar functions, they present similar financial stability risks, but they are often outside of the regulatory perimeter or unwilling to step into it. Exchanges operate “off chain” maintaining customer trades in an internal, centralized account ledger, like traditional exchanges. The exchange also maintains possession and control of the customers’ funds and crypto. \n> \n>Customers may not realize that their transaction is not on the blockchain and that they do not have keys or other control over what they would consider to be their assets. Disclosures are inadequate in both content and delivery to be effective in informing customers of their rights and risks. Customers have been held to contractual language that most have never read, much less negotiated. They often scroll through electronic disclosures without reading them and click to accept. Courts are upholding these “click-wrap agreements” as seen in the Celsius bankruptcy, where the court found that customer deposits were owned by the exchange, not the customers.[\\[18\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn18) This is further complicated when, as seen with FTX, customer assets are commingled with exchange assets.[\\[19\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn19) \n> \n>Conflicts of Interest Including Vertical Integration \n> \n>FTX’s actions with its affiliates laid bare the risk of undisclosed and unmitigated conflicts of interest—a risk that I warned about in October, a few weeks before FTX’s collapse saying:[\\[20\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn20) \n> \n>Crypto-related companies may serve multiple functions that are separated into different entities in traditional finance. An exchange may also be a market maker, clearinghouse, lender, and/or custodian. These conflicts present significant risk that in a regulated environment would be disclosed and resolved. In an unregulated environment, the full extent of these conflicts may not be disclosed or resolved, which could lead to cascading losses and contagion risk.[\\[21\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn21) \n> \n>Treasury Secretary Janet Yellen recently said that Treasury is “working to address risks associated with vertical integration of crypto-trading platforms and lack of visibility into the operations of subsidiaries and other entities across these businesses.”[\\[22\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn22) Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates. \n> \n>Managing digital asset risk \n> \n>Given that digital assets are already of significant size in the global financial system, it is imperative that these serious risks are managed. The stakes are too high. Market integrity, national security, and financial stability are non-negotiable. The private sector and governments both have a role to play in reducing these risks and in protecting customers. \n> \n>Managing National Security Risk and Illicit Finance Risk: \n> \n>To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity. While the public blockchain can provide some traceability and transparency, the use of mixers and technology designed to enhance anonymity presents substantial risk. Treasury recently sanctioned two mixers, Blender and Tornado Cash. Treasury said that Tornado Cash was used to launder $7 billion, including millions stolen by the Lazarus Group, a North Korea state-sponsored hacking group that engaged in cyber hacks to support illegal nuclear and ballistic missile programs.[\\[23\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn23) \n> \n>Law abiding customers do not want their funds mixed with North Korea cybergangs or terrorist organizations. Legally compliant crypto companies should not use these mixers. \n> \n>It is possible for all crypto companies to distance themselves from mixers and anonymity-enhanced technology, while still appropriately providing financial privacy for customers. Financial privacy is different from anonymity. TradFi provides financial privacy while verifying identity, as part of KYC (know your customer), AML, and CFT controls. The digital asset industry should verify digital identity. There are existing technologies to provide digital identity, and more being developed, which was the subject of a recent meeting of the CFTC’s Technology Advisory Committee that I sponsor.[\\[24\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn24) Exchanges as well as those offering DeFi services should verify digital identity. More often than not, DeFi services are not fully decentralized but instead maintain central parties who could verify identity, and may be held accountable to do so. Congress is also considering new laws on addressing anonymity and digital identity.[\\[25\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn25) \n> \n>The U.S. government will continue to prioritize preventing crypto’s use for illicit finance. DOJ continues to shut down crypto’s path of illicit finance. The CFTC will continue to be aggressive in enforcing the law. The CFTC brought two enforcement actions against crypto exchanges, BitMEX and Binance, alleging that they undertook activities with customers in the U.S. that required CFTC registration and that they did not follow AML controls. For example, BitMEX took no steps to verify its customers’ identities, allowing individual customers to trade simply by providing an email address.[\\[26\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn26) The CFTC brought its action in parallel with the criminal indictment of four BitMEX executives.[\\[27\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn27) Treasury has shown its willingness to sanction mixers. A couple of weeks ago, Treasury issued a report on the use of DeFi for illicit finance recommending strengthening U.S. AML/CFT supervision and, when relevant, enforcement of crypto activities, including DeFi services.[\\[28\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn28) \n> \n>Managing Financial Stability Risks: Governments have a responsibility to reduce the risks that digital assets pose to financial stability. This is still a sizeable market of around $1 trillion,[\\[29\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn29) with a lot of participating retail investors. I advocate for a same risk, same regulatory outcome approach, with the same market guardrails and customers protections (including banning commingling of customer assets and customer priority in bankruptcy) that have proven to promote financial stability. In the U.S., Congress should consider closing the regulatory gap in the Bitcoin and other non-securities spot markets.[\\[30\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn30) Congress should also consider reducing the risks of conflicts of interest, including those raised by vertical integration. This could include requiring firms to disclose and resolve conflicts of interest, and providing regulators greater visibility and oversight tools related to affiliates. \n> \n>Eliminating Cyber Vulnerabilities: Cyber experts on the Committee that I sponsor agree that it will not be sufficient to manage cyber vulnerabilities; instead, the industry must eliminate those vulnerabilities. The stakes are too high, with hacks used to fund weapons and other illegal activity, and customers without recourse when their assets are stolen in a hack. It will not be sufficient to assume that smart contracts work without fail or that there are no vulnerabilities. The industry should strengthen cybersecurity, including through code audits, fortifying cross-chain bridges, strengthening private key management, and shoring up vulnerabilities of third party services. \n> \n>Conclusion \n> \n>These are global risks with implications far more dire than Satoshi could have conceived when he talked about the hornet’s nest. Because digital assets cross borders, countering these global risks will require both private sector commitment and international government cooperation and coordination. We are stronger working together. We can leave no safe passage for illicit finance, cyber criminals, fraudsters or those who risk the stability of our global financial system.', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/', '12z3a0a', [['u/ISayBullish', 97, '2023-04-26 04:12', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqh59o/', 'Surely the CBDC would never allow any of that to occur /s\n\nBullish on DeFi', '12z3a0a'], ['u/Justanothebloke', 20, '2023-04-26 04:13', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqhapf/', 'Just using the narrative to gain control of it. A$$hats', '12z3a0a'], ['u/momkiewilson1', 32, '2023-04-26 04:17', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqhtxu/', 'Bought and paid for or too lazy to educate herself seems like your typical government employee', '12z3a0a'], ['u/Minuteman_Capital', 16, '2023-04-26 04:19', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqi2mh/', '“What meteor?”\n\n-Dinosaurs, and Fiat Regulators', '12z3a0a'], ['u/Dismal-Jellyfish', 35, '2023-04-26 04:22', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqii1y/', 'Please consider catching up on and commenting on the proposed rules around Exchange Act Rule 3b-16--["The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems"](https://www.reddit.com/r/Superstonk/comments/12m1vqn/sec_reopens_comment_period_for_proposed/)\n\nI can see this severely impacting the US\'s growth and strength in the space and with things like smart contracts. \n\nAn argument against Gary\'s approach is they chose to provide 0 guidance for years and are now cracking down. \n\nI am sure Gary will say that is congress responsibility to provide clarity (true, yet he is the one choosing to act now)\n\nI started to dig into this all more but have been completely halted to a stop by the current sub drama occupying my free time. \n\nHowever, one thought is stuck in my head: why is securities law from the 20th century, argued in the 19th century, with principles of the 18th century guiding the hand of regulation in the 21st century?', '12z3a0a'], ['u/Suitable_Mix_3795', 40, '2023-04-26 04:25', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqivo9/', 'Yes and cash has never been used for any of those things /s', '12z3a0a'], ['u/Apenoob', 16, '2023-04-26 04:33', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqju6c/', "Whew that's a relief. I thought it's been fiat this whole time...", '12z3a0a'], ['u/SolomanGundySr', 13, '2023-04-26 04:41', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqkw4z/', "Surely she's heard of Swiss Banks? Cayman Island Banks?", '12z3a0a'], ['u/ClosetCaseGrowSpace', 10, '2023-04-26 04:54', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqmfjc/', 'Exactly. Know what else is used in the commission of crime? Cars, boats, airplanes, roads, bridges, cell phones, GPS, US Mail, US Dollars…', '12z3a0a'], ['u/ThereCanOnlyBe1Miak', 11, '2023-04-26 05:11', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqof0r/', "That's absurd! There is no way I can take this government fiat in my pocket and buy illegal drugs with it. IMPOSSIBLE!!!", '12z3a0a'], ['u/RL_bebisher', 13, '2023-04-26 05:37', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqrc8e/', 'The CFTC should no longer have any authority over anything after they were caught committing fraud with FTX', '12z3a0a']]], ['u/Dismal-Jellyfish', 'CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks." "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"', 10, '2023-04-26 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12z3cdc/cftc_commissioner_christy_goldsmith_romero_the/', 'Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London\n\n[Source: https:\\/\\/www.cftc.gov\\/PressRoom\\/SpeechesTestimony\\/oparomero8 ](https://preview.redd.it/f5qfeuy505wa1.png?width=400&format=png&auto=webp&v=enabled&s=81109d0ff7b9c47f675b92e2ea4705c0b227f985)\n\n# Highlights:\n\n* "The CFTC will aggressively police fraud in digital asset markets." "\n * We have filed 73 digital assets civil prosecutions for fraud and other illegal acts, about one-third of them during my tenure."\n * "Frauds involving ponzi schemes, rug pulls, fictitious projects, empty promises, and lies about track records of success, devastate victims financially and emotionally."\n* "Digital assets pose non-bank financial stability risk."\n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets."\n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority"\n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates."\n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity."\n* "The digital asset industry should verify digital identity."\n* "Governments have a responsibility to reduce the risks that digital assets pose to financial stability."\n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks."\n* "The use of digital assets for illicit finance poses national security and other risks."\n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations"\n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology."\n\n# TIME OUT! What Treasury actually found:\n\n[https:\\/\\/home.treasury.gov\\/system\\/files\\/136\\/DeFi-Risk-Full-Review.pdf ](https://preview.redd.it/610s2chb05wa1.png?width=1547&format=png&auto=webp&v=enabled&s=59ac1695ab49dc98df7f1199cb2ce6cb7e3623ce)\n\n>Moreover, money laundering, proliferation financing, and terrorist financing most commonly occur using fiat currency or other traditional assets as opposed to virtual assets.\n\nThat dirty, dirty, dirty fiat!!!! Most common way to money launder and do other bad things?!?\n\nColor me shocked!!! It does take a little bit of the wind out of her argument though, right?\n\n# TLDR:\n\nCFTC Commissioner Christy Goldsmith Romero Claims:\n\n* "The use of digital assets for illicit finance poses national security and other risks."\n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"\n* "Digital assets pose non-bank financial stability risk."\n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets."\n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority"\n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates."\n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity."\n* "The digital asset industry should verify digital identity."\n* The use of digital assets for illicit finance poses national security and other risks."\n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations"\n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology."\n\n# Full Speech:\n\n>Tomorrow is reportedly the 12th anniversary of the day that Satoshi Nakamoto, the creator of Bitcoin and blockchain, sent his final message to developers.[\\[1\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn1) It has long been speculated that he left disillusioned after PC-World published that Bitcoin could be used for payments to WikiLeaks after it was blacklisted by banks. He walked away the day after messaging, “It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”[\\[2\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn2)I wonder what Satoshi thinks of the entire industry that has grown from his vision, about this past tumultuous year for that industry, and the use of Bitcoin for illicit finance. A hornet’s nest has been kicked indeed.Satoshi’s vision for a peer-to-peer network without a trusted third party inspired a global financial services ecosystem of intermediaries, platforms, projects, and markets. However, most digital assets today are transacted on centralized “exchanges,” that act as “trusted” third parties, differing from Satoshi’s vision. Retail and institutional participation in digital asset markets exploded in recent years to a $3 trillion valuation, in part because investors trusted in those exchanges. Trust was eroded with high-profile meltdowns and contagion, leaving investors with nearly $2 trillion in losses,[\\[3\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn3) and the industry in a crisis of trust.[\\[4\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn4)As a U.S. regulator in law enforcement for 21 years combatting money laundering, fraud and other crime, I will talk first about the most serious risk in digital asset markets—the use of crypto for illicit finance. I will also talk about the risk of cyber hacks, fraud, and financial stability. I will share my views about how to manage these risks, while promoting market integrity and protecting customers.*The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks.*The use of digital assets for illicit finance poses national security and other risks. Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity.[\\[5\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn5)In 2020, the U.S. Department of Justice (“DOJ”) dismantled three terrorist financing campaigns of Hamas, al-Qaeda, and ISIS, seizing 300 cryptocurrency accounts. One of these terrorist groups boasted that Bitcoin donations ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today AUSTIN, Texas — Crypto innovation and regulation can mesh, a quartet of high-profile executives agreed during a spirited panel discussion on potential changes to crypto markets at Consensus 2023 . BitGo CEO Mike Belshe, Kraken Managing Director North America Guy Hirsch, Cboe Digital President John Palmer and Cumberland DRW Global Head Chris Zuehlke noted that smart regulation stemming in no small part from the debacles of 2022 could benefit crypto by giving companies clearer guideposts and increasing public trust in the asset. "There\'s no reason why innovation and regulation have to be mutually exclusive" Zuehlke said, adding that the industry had already made significant progress in a short period. Read full coverage of Consensus 2023 here. The wide-ranging discussion came as the industry rebounds from a calamitous year when a number of major crypto-focused firms imploded and trust in digital assets waned. Regulators, particularly in the U.S., are now eyeing crypto to an unprecedented degree and some observers believe the scrutiny will hurt the industry\'s growth, or at least shift the balance of power outside the U.S. The panelists discussed new challenges for liquidity and prime brokerage, how custodial services will change, regulatory issues and requirements for exchanges to prove their reserves. The panelists noted industry anxieties about regulation\'s potential damping impact, but said the relationship between crypto firms and regulatory agencies must not be contentious. Palmer noted that Cboe Digital\'s conservative offerings, which once seemed a hindrance to adoption, have become a strength as investors search for safe, trusted vehicles to store their assets. Cboe Digital offers exchange and clearinghouse services for crypto spot and derivatives markets The Kraken exchange\'s Hirsch highlighted the need to protect client assets by creating environments where customers “can trust the venues” where they engage in digital asset transactions. The group also emphasized the need for separating assets but that notable crypto failures of 2022 were related to fraud more-so that structure. Story continues Hirsch said the challenges that befell the crypto industry in 2022, can provide an opportunity moving forward, specifically via proof-of-reserves accounting. He said that the cryptographic method allowing for verification of assets can be more reliable than audits in traditional finance. Zuehlke said that despite the crypto industry\'s 2022 woes, the banking industry\'s recent near meltdown and lingering concerns about its vulnerabilities prompted a migration to bitcoin (BTC) and other digital assets. "The cat\'s out of the bag. Bank deposits are risky in a way that people didn\'t understand," Zuehlke said. He added that bitcoin has grown more resilient, with price dislocations becoming less frequent and significant, despite recent contractions in liquidity.', 'Join the most important conversation in crypto and web3! Secure your seat today\nAUSTIN, Texas — Crypto innovation and regulation can mesh, a quartet of high-profile executives agreed during a spirited panel discussion on potential changes to crypto markets atConsensus 2023.\nBitGo CEO Mike Belshe, Kraken Managing Director North America Guy Hirsch, Cboe Digital President John Palmer and Cumberland DRW Global Head Chris Zuehlke noted that smart regulation stemming in no small part from the debacles of 2022 could benefit crypto by giving companies clearer guideposts and increasing public trust in the asset.\n"There\'s no reason why innovation and regulation have to be mutually exclusive" Zuehlke said, adding that the industry had already made significant progress in a short period.\nRead full coverage of Consensus 2023 here.\nThe wide-ranging discussion came as the industry rebounds from a calamitous year when a number of major crypto-focused firms imploded and trust in digital assets waned. Regulators, particularly in the U.S., are now eyeing crypto to an unprecedented degree and some observers believe the scrutiny will hurt the industry\'s growth, or at least shift the balance of power outside the U.S. The panelists discussed new challenges for liquidity and prime brokerage, how custodial services will change, regulatory issues and requirements for exchanges to prove their reserves.\nThe panelists noted industry anxieties about regulation\'s potential damping impact, but said the relationship between crypto firms and regulatory agencies must not be contentious.\nPalmer noted that Cboe Digital\'s conservative offerings, which once seemed a hindrance to adoption, have become a strength as investors search for safe, trusted vehicles to store their assets. Cboe Digital offers exchange and clearinghouse services for crypto spot and derivatives markets\nThe Kraken exchange\'s Hirsch highlighted the need to protect client assets by creating environments where customers “can trust the venues” where they engage in digital asset transactions. The group also emphasized the need for separating assets but that notable crypto failures of 2022 were related to fraud more-so that structure.\nHirsch said the challenges that befell the crypto industry in 2022, can provide an opportunity moving forward, specifically via proof-of-reserves accounting. He said that the cryptographic method allowing for verification of assets can be more reliable than audits in traditional finance.\nZuehlke said that despite the crypto industry\'s 2022 woes, the banking industry\'s recent near meltdown and lingering concerns about its vulnerabilities prompted a migration to bitcoin (BTC) and other digital assets.\n"The cat\'s out of the bag. Bank deposits are risky in a way that people didn\'t understand," Zuehlke said. He added that bitcoin has grown more resilient, with price dislocations becoming less frequent and significant, despite recent contractions in liquidity.', "Mad Lads is the biggest thing in NFTs right now, as the Solana profile picture (PFP) project overcame alleged extortion threats and DDOS attacks to mint out last week—and has generated over $15 million worth of trading volume since. It’s a bright spot for the Solana world after some rough months. Solana’s token and vibes were rocked by the collapse of exchange FTX and the downfall of close ally Sam Bankman-Fried in November. And then in December, the creator of Solana’s prominent NFT projects DeGods and y00ts announced that both would leave for other chains, which ultimately happened in March . Armani Ferrante, a longtime Solana developer and co-founder and CEO of Mad Lads creator Coral , told Decrypt this week that the chain’s community had “been in this very dark, very crazy kind of place” since the FTX collapse, and that it “had its soul-forging moment” in that span. ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs Ferrante added that “NFTs are super important for the network,” and described the departure of DeLabs’ DeGods to Ethereum and y00ts to Polygon as creating a chasm in the community. “There was this void,” he explained, “where the heart and soul of the NFT space needed to kind of have a new heartbeat, basically.” In that sense, he chalked part of the buzzy Mad Lads response to coincidental timing, as the project was ready to launch just weeks after those projects effectively departed Solana. But Ferrante also credited the reputation and community goodwill that he and fellow Coral co-founder Tristan Yver had built up in the space over the years. Fock it. Mad Lad #2968 sold for 3420.69 SOL 💵 $74,742.08 USD Ξ 39.95 ETH \uea00 MadLadsNFT 🛒 https://t.co/NZ848PIoaz 🧾 https://t.co/IVzY1sCzcN pic.twitter.com/xiCUL03Gko — Mad Lads Sales Bot (@MadLads_Sales) April 26, 2023 “I think a lot of folks looked at us—and I'm just speculating here—as a credible team that can execute and that are good people, fundamentally, that care a lot about the ecosystem,” he said. Mad Lads also marked the first big drop tied to Backpack , an all-in-one wallet app from Coral that’s built around its Solana xNFT, or “executable NFT,” standard. Essentially, rather than use NFTs as an access pass to token-gated content on other platforms or websites, they can contain experiences and exclusive content that’s accessible through Backpack. Story continues The Mad Lads mint was the first big launch for Backpack, which was announced last June. For Mad Lads, Coral developed an in-app story experience that resembled “a collective boss battle” against the Mad King, almost like a raid in the hit online game World of Warcraft. It was part game, part social quest, and altogether a shared experience for NFT holders. “You don't have to worry about creating new websites for your user experience,” Ferrante said of xNFTs. “You just use the NFT, and this is an incredible opportunity for creators to build new stories and create a new meta where the artwork is no longer just a piece of artwork.” So WTF are xNFTS? pic.twitter.com/LGjvHh2JFx — Mad Armani 🎒 (@armaniferrante) June 20, 2022 “It's also a living, breathing piece of computer code that can do anything,” he added. Beyond self-contained games and other types of token-gated experiences for holders, Ferrante also sees potential for NFT project creators to “get leverage with marketplaces,” for example, trading potentially valuable screen “real estate” within their apps and pointing collectors to certain trading platforms. Backpack is available in a public beta on mobile and web right now, and while xNFTs are currently permissioned due to ongoing security audits, Ferrante said, the long-term goal is to open it up to the community for anyone to build on. “The intention is: once we're confident in the security,” he said, “we'll take the permissioning off.” Ferrante promised a wave of planned announcements ahead around Backpack, including Mad Lads-related content and experiences. And longer-term, Coral wants to go broadly multi-chain with it. Currently, Ethereum is supported through the Wormhole cross-chain bridge , but Ferrante wants to see community developers help add more protocols—including Bitcoin and Ordinals . DeGods and y00ts Are Leaving Solana—Here’s How It’s Going to Work “One of the big ambitions for Backpack is to have every protocol and every blockchain inside of a single user interface,” he said. In Ferrante’s view, Mad Lads’ ascent within not only the Solana NFT space, but also its dominance atop the market-wide sales charts over the past several days, points to a rebirth for the Solana community. It’s undoing the damage from the FTX associations and the narratives that formed as a result, in his view, along with the impact of DeGods and y00ts. “It's got a super organic NFT community that hasn't gone anywhere. I think that DeGods and y00ts kind of sucked the life out of the NFT space, but I think it's totally back now,” Ferrante said. “And it's not going anywhere. It's honestly more exciting than ever.” View comments", "Mad Lads is the biggest thing in NFTs right now, as the Solana profile picture (PFP) project overcame alleged extortion threats and DDOS attacks to mint out last week—and has generated over $15 million worth of trading volume since. It’s a bright spot for the Solana world after some rough months. Solana’s token and vibes were rocked by the collapse of exchange FTX and the downfall of close ally Sam Bankman-Fried in November. And then in December, the creator of Solana’s prominent NFT projects DeGods and y00ts announced that both would leave for other chains, which ultimately happened in March . Armani Ferrante, a longtime Solana developer and co-founder and CEO of Mad Lads creator Coral , told Decrypt this week that the chain’s community had “been in this very dark, very crazy kind of place” since the FTX collapse, and that it “had its soul-forging moment” in that span. ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs Ferrante added that “NFTs are super important for the network,” and described the departure of DeLabs’ DeGods to Ethereum and y00ts to Polygon as creating a chasm in the community. “There was this void,” he explained, “where the heart and soul of the NFT space needed to kind of have a new heartbeat, basically.” In that sense, he chalked part of the buzzy Mad Lads response to coincidental timing, as the project was ready to launch just weeks after those projects effectively departed Solana. But Ferrante also credited the reputation and community goodwill that he and fellow Coral co-founder Tristan Yver had built up in the space over the years. Fock it. Mad Lad #2968 sold for 3420.69 SOL 💵 $74,742.08 USD Ξ 39.95 ETH \uea00 MadLadsNFT 🛒 https://t.co/NZ848PIoaz 🧾 https://t.co/IVzY1sCzcN pic.twitter.com/xiCUL03Gko — Mad Lads Sales Bot (@MadLads_Sales) April 26, 2023 “I think a lot of folks looked at us—and I'm just speculating here—as a credible team that can execute and that are good people, fundamentally, that care a lot about the ecosystem,” he said. Mad Lads also marked the first big drop tied to Backpack , an all-in-one wallet app from Coral that’s built around its Solana xNFT, or “executable NFT,” standard. Essentially, rather than use NFTs as an access pass to token-gated content on other platforms or websites, they can contain experiences and exclusive content that’s accessible through Backpack. Story continues The Mad Lads mint was the first big launch for Backpack, which was announced last June. For Mad Lads, Coral developed an in-app story experience that resembled “a collective boss battle” against the Mad King, almost like a raid in the hit online game World of Warcraft. It was part game, part social quest, and altogether a shared experience for NFT holders. “You don't have to worry about creating new websites for your user experience,” Ferrante said of xNFTs. “You just use the NFT, and this is an incredible opportunity for creators to build new stories and create a new meta where the artwork is no longer just a piece of artwork.” So WTF are xNFTS? pic.twitter.com/LGjvHh2JFx — Mad Armani 🎒 (@armaniferrante) June 20, 2022 “It's also a living, breathing piece of computer code that can do anything,” he added. Beyond self-contained games and other types of token-gated experiences for holders, Ferrante also sees potential for NFT project creators to “get leverage with marketplaces,” for example, trading potentially valuable screen “real estate” within their apps and pointing collectors to certain trading platforms. Backpack is available in a public beta on mobile and web right now, and while xNFTs are currently permissioned due to ongoing security audits, Ferrante said, the long-term goal is to open it up to the community for anyone to build on. “The intention is: once we're confident in the security,” he said, “we'll take the permissioning off.” Ferrante promised a wave of planned announcements ahead around Backpack, including Mad Lads-related content and experiences. And longer-term, Coral wants to go broadly multi-chain with it. Currently, Ethereum is supported through the Wormhole cross-chain bridge , but Ferrante wants to see community developers help add more protocols—including Bitcoin and Ordinals . DeGods and y00ts Are Leaving Solana—Here’s How It’s Going to Work “One of the big ambitions for Backpack is to have every protocol and every blockchain inside of a single user interface,” he said. In Ferrante’s view, Mad Lads’ ascent within not only the Solana NFT space, but also its dominance atop the market-wide sales charts over the past several days, points to a rebirth for the Solana community. It’s undoing the damage from the FTX associations and the narratives that formed as a result, in his view, along with the impact of DeGods and y00ts. “It's got a super organic NFT community that hasn't gone anywhere. I think that DeGods and y00ts kind of sucked the life out of the NFT space, but I think it's totally back now,” Ferrante said. “And it's not going anywhere. It's honestly more exciting than ever.” View comments", '(Bloomberg) -- A federal appeals court has denied Donald Trump\x92s latest effort to stop former Vice President Mike Pence from testifying before a grand jury exploring whether crimes were committed by Trump and his allies as they worked to undo President Joe Biden\x92s 2020 win. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed\x92s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe\x92s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War The order from the US Court of Appeals for the DC Circuit on Wednesday rejected a push by the former president\x92s legal team to stop Pence from being compelled to appear. A federal district judge earlier this month had rebuffed Trump\x92s position that Pence should be barred from testifying on executive privilege grounds. Unless Trump asks the full DC Circuit to weigh in or petitions the US Supreme Court to intervene, the order, which was filed under seal, clears the way for Justice Department Special Counsel Jack Smith\x92s team to enforce the subpoena for Pence\x92s appearance. Pence would be the highest-ranking former Trump administration official to go before the grand jury in connection with Smith\x92s inquiry. He has spoken publicly about rebuffing Trump\x92s demands to interfere with the certification of the electoral results by Congress on Jan. 6, 2021 \x97 but he hasn\x92t had to do so under oath. It wasn\x92t immediately clear when Pence would be scheduled to testify. A spokesperson for Smith\x92s office declined to comment. Spokespeople for Trump and Pence didn\x92t immediately return requests for comment. Much of the DC Circuit activity is under seal, but Bloomberg News previously confirmed the appeal by Trump. The public docket shows that a three-judge panel entered the order: Judges Patricia Millett and Robert Wilkins, both nominated by former President Barack Obama, and Trump nominee Judge Greg Katsas. Story continues Read More: Ex-Trump Officials Take Jan. 6 Grand Jury Inside White House Separate from Trump\x92s unsuccessful executive privilege claim, Pence had lodged a separate challenge to the subpoena on the grounds that it would violate a section of the US Constitution that shields members of the legislative branch from being forced into court to discuss their official activities. Pence\x92s attorney had argued that because of the special role the vice president plays as president of the US Senate, his activities related to presiding over the Jan. 6 joint session would fall under that protection, known as the Speech or Debate Clause. The full order from US District Chief Judge James Boasberg addressing the privilege claims raised by both Trump and Pence is under seal. In interviews and public statements, Pence and his camp indicated that Trump lost on the executive privilege issue, and that the judge had agreed the Speech or Debate Clause applied to the vice president. Pence didn\x92t specify how Boasberg drew the line between what prosecutors could and could not question him about going forward, but his spokesperson announced on April 5 that he wouldn\x92t appeal the ruling. Pence, who had the role as presiding officer when Congress met on Jan. 6, had been the subject of a pressure campaign by Trump and his allies to disrupt the certification based on the existence of slates of so-called fake electors in battleground states that Biden had won. Pence rebuffed the notion that he had legal authority to take unilateral action that day despite Trump\x92s entreaties, which were described in the final report by the special congressional committee that investigated the post-election period. (Updates with additional information about the court case and background) Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone\x92s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', '(Bloomberg) -- A federal appeals court has denied Donald Trump\x92s latest effort to stop former Vice President Mike Pence from testifying before a grand jury exploring whether crimes were committed by Trump and his allies as they worked to undo President Joe Biden\x92s 2020 win. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed\x92s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe\x92s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War The order from the US Court of Appeals for the DC Circuit on Wednesday rejected a push by the former president\x92s legal team to stop Pence from being compelled to appear. A federal district judge earlier this month had rebuffed Trump\x92s position that Pence should be barred from testifying on executive privilege grounds. Unless Trump asks the full DC Circuit to weigh in or petitions the US Supreme Court to intervene, the order, which was filed under seal, clears the way for Justice Department Special Counsel Jack Smith\x92s team to enforce the subpoena for Pence\x92s appearance. Pence would be the highest-ranking former Trump administration official to go before the grand jury in connection with Smith\x92s inquiry. He has spoken publicly about rebuffing Trump\x92s demands to interfere with the certification of the electoral results by Congress on Jan. 6, 2021 \x97 but he hasn\x92t had to do so under oath. It wasn\x92t immediately clear when Pence would be scheduled to testify. A spokesperson for Smith\x92s office declined to comment. Spokespeople for Trump and Pence didn\x92t immediately return requests for comment. Much of the DC Circuit activity is under seal, but Bloomberg News previously confirmed the appeal by Trump. The public docket shows that a three-judge panel entered the order: Judges Patricia Millett and Robert Wilkins, both nominated by former President Barack Obama, and Trump nominee Judge Greg Katsas. Story continues Read More: Ex-Trump Officials Take Jan. 6 Grand Jury Inside White House Separate from Trump\x92s unsuccessful executive privilege claim, Pence had lodged a separate challenge to the subpoena on the grounds that it would violate a section of the US Constitution that shields members of the legislative branch from being forced into court to discuss their official activities. Pence\x92s attorney had argued that because of the special role the vice president plays as president of the US Senate, his activities related to presiding over the Jan. 6 joint session would fall under that protection, known as the Speech or Debate Clause. The full order from US District Chief Judge James Boasberg addressing the privilege claims raised by both Trump and Pence is under seal. In interviews and public statements, Pence and his camp indicated that Trump lost on the executive privilege issue, and that the judge had agreed the Speech or Debate Clause applied to the vice president. Pence didn\x92t specify how Boasberg drew the line between what prosecutors could and could not question him about going forward, but his spokesperson announced on April 5 that he wouldn\x92t appeal the ruling. Pence, who had the role as presiding officer when Congress met on Jan. 6, had been the subject of a pressure campaign by Trump and his allies to disrupt the certification based on the existence of slates of so-called fake electors in battleground states that Biden had won. Pence rebuffed the notion that he had legal authority to take unilateral action that day despite Trump\x92s entreaties, which were described in the final report by the special congressional committee that investigated the post-election period. (Updates with additional information about the court case and background) Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone\x92s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', 'The Bitcoin Legal Defense Fund (BLDF), a non-profit co-founded by Block (formerly Square) CEO Jack Dorsey, announced Wednesday that it is supporting the legal defense for a number of Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading.\n“The Bitcoin Legal Defense Fund has stepped up to fight for more than just Bitcoin—we are here to defend the right to build free, open-source software without fear,” Jessica Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund, toldDecrypt.\nThe announcement comes on the same day the Bitcoin Core developers filed their substantive defense in a UK court.\nThe lawsuit, “Tulip Trading Limited v. Bitcoin Association For BSV & Others,” Jonas says, stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own.\nAlthough BLDF calls the claims frivolous, Jonas says the Bitcoin Legal Defense Fund is backing 13 Bitcoin developers in two separate cases initiated by Wright or his associated companies and is calling the cases attacks on fundamental principles of freedom.\n“We need to take them seriously and defend them fervently because the potential stakes are too high to ignore,” Jonas said.\nAt issue in the case, Jonas says, is whether Bitcoin developers have a fiduciary duty to Bitcoin users.\n“Wright is arguing that they owe a fiduciary duty, and as such, they should be obligated to create a ‘backdoor’ to allow him to access coins he claims to have lost,” she said, adding that it would compromise Bitcoin’s core feature as a fully distributed open-source software to do so, since by design no individual or group can retroactively alter the blockchain.\nThe group hopes to rally public support against this and future legal attacks by Wright.\n“By rallying the public and demonstrating widespread support for the defendants, we aim to show Wright and his team that their legal tactics will not go unchallenged,” Jonas said.\nSince 2016, the controversial Australian computer scientist has launched severallawsuits, including accusing sites posting the Bitcoin whitepaper of copyright infringement afterclaimingto be the creator of Bitcoin, Satoshi Nakamoto. Earlier this month, Wrighthintedthat Apple might be violating copyright law when it was discovered that a copy of the Bitcoin whitepaper had beenhiddenon Apple’s computers since at least 2018.\nThe Bitcoin Association for BSV has not yet responded toDecrypt’srequest for comment.', 'The Bitcoin Legal Defense Fund (BLDF), a non-profit co-founded by Block (formerly Square) CEO Jack Dorsey, announced Wednesday that it is supporting the legal defense for a number of Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading.\n“The Bitcoin Legal Defense Fund has stepped up to fight for more than just Bitcoin—we are here to defend the right to build free, open-source software without fear,” Jessica Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund, toldDecrypt.\nThe announcement comes on the same day the Bitcoin Core developers filed their substantive defense in a UK court.\nThe lawsuit, “Tulip Trading Limited v. Bitcoin Association For BSV & Others,” Jonas says, stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own.\nAlthough BLDF calls the claims frivolous, Jonas says the Bitcoin Legal Defense Fund is backing 13 Bitcoin developers in two separate cases initiated by Wright or his associated companies and is calling the cases attacks on fundamental principles of freedom.\n“We need to take them seriously and defend them fervently because the potential stakes are too high to ignore,” Jonas said.\nAt issue in the case, Jonas says, is whether Bitcoin developers have a fiduciary duty to Bitcoin users.\n“Wright is arguing that they owe a fiduciary duty, and as such, they should be obligated to create a ‘backdoor’ to allow him to access coins he claims to have lost,” she said, adding that it would compromise Bitcoin’s core feature as a fully distributed open-source software to do so, since by design no individual or group can retroactively alter the blockchain.\nThe group hopes to rally public support against this and future legal attacks by Wright.\n“By rallying the public and demonstrating widespread support for the defendants, we aim to show Wright and his team that their legal tactics will not go unchallenged,” Jonas said.\nSince 2016, the controversial Australian computer scientist has launched severallawsuits, including accusing sites posting the Bitcoin whitepaper of copyright infringement afterclaimingto be the creator of Bitcoin, Satoshi Nakamoto. Earlier this month, Wrighthintedthat Apple might be violating copyright law when it was discovered that a copy of the Bitcoin whitepaper had beenhiddenon Apple’s computers since at least 2018.\nThe Bitcoin Association for BSV has not yet responded toDecrypt’srequest for comment.', 'The Bitcoin Legal Defense Fund (BLDF), a non-profit co-founded by Block (formerly Square) CEO Jack Dorsey, announced Wednesday that it is supporting the legal defense for a number of Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading. “The Bitcoin Legal Defense Fund has stepped up to fight for more than just Bitcoin—we are here to defend the right to build free, open-source software without fear,” Jessica Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund, told Decrypt . The announcement comes on the same day the Bitcoin Core developers filed their substantive defense in a UK court. The lawsuit, “Tulip Trading Limited v. Bitcoin Association For BSV & Others,” Jonas says, stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own. Although BLDF calls the claims frivolous, Jonas says the Bitcoin Legal Defense Fund is backing 13 Bitcoin developers in two separate cases initiated by Wright or his associated companies and is calling the cases attacks on fundamental principles of freedom. “We need to take them seriously and defend them fervently because the potential stakes are too high to ignore,” Jonas said. At issue in the case, Jonas says, is whether Bitcoin developers have a fiduciary duty to Bitcoin users. “Wright is arguing that they owe a fiduciary duty, and as such, they should be obligated to create a ‘backdoor’ to allow him to access coins he claims to have lost,” she said, adding that it would compromise Bitcoin’s core feature as a fully distributed open-source software to do so, since by design no individual or group can retroactively alter the blockchain. The group hopes to rally public support against this and future legal attacks by Wright. “By rallying the public and demonstrating widespread support for the defendants, we aim to show Wright and his team that their legal tactics will not go unchallenged,” Jonas said. Story continues Since 2016, the controversial Australian computer scientist has launched several lawsuits , including accusing sites posting the Bitcoin whitepaper of copyright infringement after claiming to be the creator of Bitcoin, Satoshi Nakamoto. Earlier this month, Wright hinted that Apple might be violating copyright law when it was discovered that a copy of the Bitcoin whitepaper had been hidden on Apple’s computers since at least 2018. The Bitcoin Association for BSV has not yet responded to Decrypt’s request for comment.', '(Bloomberg) -- A senior executive in Japan’s ruling party said he’ll seek to pass a law promoting understanding of the LGBTQ community before the country hosts the Group of Seven summit in less than a month. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Toshiaki Endo, who heads the Liberal Democratic Party’s general affairs council, said he’s willing to have the ruling coalition submit a bill without opposition backing if no agreement can be reached. Endo, a lower house lawmaker, was speaking in an interview in Tokyo on Wednesday. Japan is alone among the G-7 wealthy democracies in not having laws to ban discrimination against LGBTQ people or give legal recognition to same-sex unions. That’s despite Prime Minister Fumio Kishida last year signing up to the group’s communique, which laid out a commitment to protecting the community from discrimination. “As the ruling party, it’s important for us to take responsibility and submit the bill,” Endo said. “Even if the opposition resists it, the LDP and Komeito will put it forward,” he said, referring to the junior coalition party. The comments from Endo signal a possible shift in the conservative LDP, which has been criticized by one of its prominent members for dragging its feet on the bill. Other G-7 members have pressed Kishida’s government to take steps to protect sexual minorities prior to the summit as a show of unity with other democracies. A sticking point is how far the bill goes in addressing unfair practices. Some conservative forces have balked at a clause that says “discrimination will not be tolerated,” which the opposition have sought to include. Endo said he would try to seek consensus by using expressions like “unfair discrimination will not be tolerated.” Story continues While the issue is controversial within the LDP, opinion polls show a majority of the public agrees on the need for the law and is in favor of allowing same-sex marriage. Business lobbies complain that the lack of legal rights for sexual minorities hampers efforts to attract global talent. Kishida was forced to fire an aide who made discriminatory remarks about the LGBTQ community earlier this year, prompting the LDP to seek to move ahead with the long-delayed bill promoting understanding of LGBTQ issues. While it doesn’t enable same-sex marriage, the law would potentially allow local governments to devote resources to the matter. With only weeks to go before the summit in Kishida’s hometown of Hiroshima, discussions restarted in the LDP this week. Komeito leader Natsuo Yamaguchi also pressed the prime minister in a Tuesday meeting to have the ruling coalition submit the bill and pass it ahead of the summit, according to the party’s website. --With assistance from Isabel Reynolds and Emi Urabe. Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', '(Bloomberg) -- A senior executive in Japan’s ruling party said he’ll seek to pass a law promoting understanding of the LGBTQ community before the country hosts the Group of Seven summit in less than a month. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Toshiaki Endo, who heads the Liberal Democratic Party’s general affairs council, said he’s willing to have the ruling coalition submit a bill without opposition backing if no agreement can be reached. Endo, a lower house lawmaker, was speaking in an interview in Tokyo on Wednesday. Japan is alone among the G-7 wealthy democracies in not having laws to ban discrimination against LGBTQ people or give legal recognition to same-sex unions. That’s despite Prime Minister Fumio Kishida last year signing up to the group’s communique, which laid out a commitment to protecting the community from discrimination. “As the ruling party, it’s important for us to take responsibility and submit the bill,” Endo said. “Even if the opposition resists it, the LDP and Komeito will put it forward,” he said, referring to the junior coalition party. The comments from Endo signal a possible shift in the conservative LDP, which has been criticized by one of its prominent members for dragging its feet on the bill. Other G-7 members have pressed Kishida’s government to take steps to protect sexual minorities prior to the summit as a show of unity with other democracies. A sticking point is how far the bill goes in addressing unfair practices. Some conservative forces have balked at a clause that says “discrimination will not be tolerated,” which the opposition have sought to include. Endo said he would try to seek consensus by using expressions like “unfair discrimination will not be tolerated.” Story continues While the issue is controversial within the LDP, opinion polls show a majority of the public agrees on the need for the law and is in favor of allowing same-sex marriage. Business lobbies complain that the lack of legal rights for sexual minorities hampers efforts to attract global talent. Kishida was forced to fire an aide who made discriminatory remarks about the LGBTQ community earlier this year, prompting the LDP to seek to move ahead with the long-delayed bill promoting understanding of LGBTQ issues. While it doesn’t enable same-sex marriage, the law would potentially allow local governments to devote resources to the matter. With only weeks to go before the summit in Kishida’s hometown of Hiroshima, discussions restarted in the LDP this week. Komeito leader Natsuo Yamaguchi also pressed the prime minister in a Tuesday meeting to have the ruling coalition submit the bill and pass it ahead of the summit, according to the party’s website. --With assistance from Isabel Reynolds and Emi Urabe. Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', 'By Kevin Buckland\nTOKYO, April 27 (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession.\nThe risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session.\nThe yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda.\nEurope\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year.\nThe dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00.\nGermany again revised up growth forecasts on Wednesday, and a survey showed a continued pickup in consumer confidence.\nBy contrast, U.S. capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. The mood wasn\'t helped by First Republic Bank\'s continued slump, or the continued wrangling over an extension to the U.S. debt ceiling.\n"The resilient euro zone economy alongside underlying inflation that is still going up and not down can see the ECB maintain their hawkish stance, supporting EUR," Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia, wrote in a client note.\nAt the same time, U.S. inflation is showing a stubborn disconnect with growth, keeping pressure on the Federal Open Market Committee to tighten policy further, Clifton said.\n"The risk of more than one hike to the (Fed) Funds rate is an upside risk to the USD in coming months."\nTraders currently lay 80% odds on another quarter-point hike on May 3, but that is seen as the likely peak, with as many as two quarter-point cuts priced in for the end of the year.\nIG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar. As long as the pair is below monthly resistance at around 1.1075, "EUR/USD remains vulnerable to a pullback to 1.0800," he wrote in a report.\nMeanwhile, the dollar was little changed at 133.63 yen . The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December.\nAussie dollar traders are more confident that the Reserve Bank of Australia will keep rates unchanged for a second meeting next week after some softness in consumer inflation data on Wednesday.\nThe currency was flat at $0.6603 on Thursday, after dipping to a 1 1/2-month low of $0.6592 in the previous session.\nBitcoin firmed to around $29,060, following a day when it jumped as high as $30,022, only to then slide as low as $27,242.\nIG\'s Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order."\nProvided bitcoin can remain above $25,000, Sycamore expects the token to test this month\'s high at $31,035.\n(Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland TOKYO, April 27 (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda. Europe\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year. The dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00. Germany again revised up growth forecasts on Wednesday, and a survey showed a continued pickup in consumer confidence. By contrast, U.S. capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. The mood wasn\'t helped by First Republic Bank\'s continued slump, or the continued wrangling over an extension to the U.S. debt ceiling. "The resilient euro zone economy alongside underlying inflation that is still going up and not down can see the ECB maintain their hawkish stance, supporting EUR," Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia, wrote in a client note. At the same time, U.S. inflation is showing a stubborn disconnect with growth, keeping pressure on the Federal Open Market Committee to tighten policy further, Clifton said. "The risk of more than one hike to the (Fed) Funds rate is an upside risk to the USD in coming months." Traders currently lay 80% odds on another quarter-point hike on May 3, but that is seen as the likely peak, with as many as two quarter-point cuts priced in for the end of the year. Story continues IG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar. As long as the pair is below monthly resistance at around 1.1075, "EUR/USD remains vulnerable to a pullback to 1.0800," he wrote in a report. Meanwhile, the dollar was little changed at 133.63 yen . The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December. Aussie dollar traders are more confident that the Reserve Bank of Australia will keep rates unchanged for a second meeting next week after some softness in consumer inflation data on Wednesday. The currency was flat at $0.6603 on Thursday, after dipping to a 1 1/2-month low of $0.6592 in the previous session. Bitcoin firmed to around $29,060, following a day when it jumped as high as $30,022, only to then slide as low as $27,242. IG\'s Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order." Provided bitcoin can remain above $25,000, Sycamore expects the token to test this month\'s high at $31,035. (Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland TOKYO (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda. Europe\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year. The dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00. Germany again revised up growth forecasts on Wednesday, and a survey showed a continued pickup in consumer confidence. By contrast, U.S. capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. The mood wasn\'t helped by First Republic Bank\'s continued slump, or the continued wrangling over an extension to the U.S. debt ceiling. "The resilient euro zone economy alongside underlying inflation that is still going up and not down can see the ECB maintain their hawkish stance, supporting EUR," Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia, wrote in a client note. At the same time, U.S. inflation is showing a stubborn disconnect with growth, keeping pressure on the Federal Open Market Committee to tighten policy further, Clifton said. "The risk of more than one hike to the (Fed) Funds rate is an upside risk to the USD in coming months." Traders currently lay 80% odds on another quarter-point hike on May 3, but that is seen as the likely peak, with as many as two quarter-point cuts priced in for the end of the year. Story continues IG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar. As long as the pair is below monthly resistance at around 1.1075, "EUR/USD remains vulnerable to a pullback to 1.0800," he wrote in a report. Meanwhile, the dollar was little changed at 133.63 yen. The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December. Aussie dollar traders are more confident that the Reserve Bank of Australia will keep rates unchanged for a second meeting next week after some softness in consumer inflation data on Wednesday. The currency was flat at $0.6603 on Thursday, after dipping to a 1 1/2-month low of $0.6592 in the previous session. Bitcoin firmed to around $29,060, following a day when it jumped as high as $30,022, only to then slide as low as $27,242. IG\'s Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order." Provided bitcoin can remain above $25,000, Sycamore expects the token to test this month\'s high at $31,035. (Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland\nTOKYO (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession.\nThe risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session.\nThe yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda.\nEurope\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year.\nThe dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, followin Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $561,387,401,269 - Hash Rate: 314795888.4508713 - Transaction Count: 418912.0 - Unique Addresses: 673213.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ecoark Holdings, Inc. LAS VEGAS, March 14, 2023 (GLOBE NEWSWIRE) -- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“ Ault Alliance ” or “ Company ” ) and Ecoark Holdings, Inc. , to be renamed BitNile Metaverse Inc. (“ Ecoark ”) (Nasdaq: ZEST) announced today that in just 12 days from the launch of the early access version of its metaverse platform (“ Platform ”), BITNILE.COM has surpassed the milestone of 225,000 7-day active users. The Platform, which went live to the public on March 1, 2023, offers a preview of the foundational world and related activities. New features and functionality are continuing to be added weekly, including 3D immersive games, eCommerce, live streaming entertainment, and social networking. The Platform will have a tiered rewards system that incentivizes users to visit often and remain for longer durations. Advertisers are expected to benefit from the increased “stickiness” and innovative advertising models unique to the metaverse. The Platform is device-agnostic, enabling end-users to access the metaverse via a web browser on any modern device, including mobile phones, tablets, PCs, and VR headsets. Milton “Todd” Ault, III, the Executive Chairman of Ault Alliance, stated, “We are excited that BITNILE.COM has achieved this milestone of surpassing 225,000 active users and congratulate the BITNILE.COM team on their hard work to provide such a unique and engaging experience. We look forward to providing regular updates, so all our members and visitors have a guide on what is new and determine what they want to do next. In time, we look forward to providing a world that is limitless.” “The number of active users on BITNILE.COM in less than two weeks since launch supports our belief that if you make the metaverse more accessible, people will come,” said Douglas Gintz, President of BITNILE.COM, Inc. “Traditionally, the metaverse has been accessible only through VR headsets or downloaded apps. By taking a browser-first approach, we’ve removed a significant barrier to entry for consumers and businesses wishing to participate.” The Company encourages the public to use this link, https://bitnile.com , and experience first-hand the early access version of the Platform and subsequent updates. For more information on Ault Alliance and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including a metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Story continues About Ecoark Holdings, Inc. (to be renamed BitNile Metaverse Inc.) Founded in 2011, Ecoark, soon to be renamed BitNile Metaverse, owns 100% of BitNile.com, Inc., including the BITNILE.COM metaverse platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BitNile.com, Inc., Ecoark also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly, 100% of Zest Labs, Inc. directly and approximately 89% of Agora Digital Holdings Inc. directly. Ecoark also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and neither Ault Alliance nor Ecoark undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the continuation of high oil prices, the acceptance of the Platform by individuals, competition with much larger companies operating metaverses, Ecoark’s ability to raise capital, and state regulation of bitcoin mining, investors should review risk factors, that could affect either or both of the Ault Alliance’s and Ecoark’s respective businesses and financial results which are included in Ault Alliance’s and Ecoark’s respective filings with the U.S. Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the companies’ websites at www.Ault.com and www.ecoarkusa.com , respectively. Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235 Ecoark Holdings Investor Contact: [email protected] or 1-800-762-7293 View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific.\nIn an announcement Thursday, the minersaidthat Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky.\nGreenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities.\nAs recently as December, the minersaidit had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was consideringvoluntary bankruptcyin the midst of a relentless bear market. It hasn't helped either that Greenidge has become acontroversial company, drawing attention fromactivists and legislators who have criticized the miner for its environmental practices.\nAnd last year, the New York Department of Environmental Conservation (DEC) denied Greenidge’s air permit renewal, citing issues like its failure to prove “adequate GreenHouse Gas (GHG) mitigation measures.” The company's now challenging that denial in court.\nNow, with Thursday's announcement, the miner says it has turned a page. Chief Executive Officer of Greenidge Dave Anderson said in a release that the Core Scientific partnership “will significantly improve our profitability as we move forward.”\nBitcoin mining, whichinvolves using powerful computers to verify transactions on the blockchain, has been hit hard by the current bear market. The price of Bitcoin has tumbled a long way from its all-time high of $69,044, which it saw in November 2021. Since then, mining operations have struggled to make profit.\nMiners are usually big operations consisting of warehouses hosting expensive computer machinery. A number of operations have had to sell their Bitcoin rewards or close down completely.\nEditor's Note: This article was updated to clarify that Greenidge considered bankruptcy because of the bear market, not criticism from activists and or lawmakers, and that it is challenging the denial of air permit renewal.", "Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific. In an announcement Thursday, the miner said that Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky. Greenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities. As recently as December, the miner said it had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was considering voluntary bankruptcy in the midst of a relentless bear market. It hasn't helped either that Greenidge has become a controversial company , drawing attention from activists and legislators who have criticized the miner for its environmental practices. And last year, the New York Department of Environmental Conservation (DEC) denied Greenidge’s air permit renewal, citing issues like its failure to prove “adequate GreenHouse Gas (GHG) mitigation measures.” The company's now challenging that denial in court. What the Next Level of Bitcoin Mining Difficulty Will Bring Now, with Thursday's announcement, the miner says it has turned a page. Chief Executive Officer of Greenidge Dave Anderson said in a release that the Core Scientific partnership “will significantly improve our profitability as we move forward.” Bitcoin mining , which involves using powerful computers to verify transactions on the blockchain, has been hit hard by the current bear market. The price of Bitcoin has tumbled a long way from its all-time high of $69,044, which it saw in November 2021. Since then, mining operations have struggled to make profit. Miners are usually big operations consisting of warehouses hosting expensive computer machinery. A number of operations have had to sell their Bitcoin rewards or close down completely. Editor's Note: This article was updated to clarify that Greenidge considered bankruptcy because of the bear market, not criticism from activists and or lawmakers, and that it is challenging the denial of air permit renewal.", "Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific.\nIn an announcement Thursday, the minersaidthat Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky.\nGreenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities.\nAs recently as December, the minersaidit had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was consideringvoluntary bankruptcyin the midst of a relentless bear market. It hasn't helped either that Greenidge has become acontroversial company, drawing attention fromactivists and legislators who have criticized the miner for its environmental practices.\nAnd last year, the New York Department of Environmental Conservation (DEC) denied Greenidge’s air permit renewal, citing issues like its failure to prove “adequate GreenHouse Gas (GHG) mitigation measures.” The company's now challenging that denial in court.\nNow, with Thursday's announcement, the miner says it has turned a page. Chief Executive Officer of Greenidge Dave Anderson said in a release that the Core Scientific partnership “will significantly improve our profitability as we move forward.”\nBitcoin mining, whichinvolves using powerful computers to verify transactions on the blockchain, has been hit hard by the current bear market. The price of Bitcoin has tumbled a long way from its all-time high of $69,044, which it saw in November 2021. Since then, mining operations have struggled to make profit.\nMiners are usually big operations consisting of warehouses hosting expensive computer machinery. A number of operations have had to sell their Bitcoin rewards or close down completely.\nEditor's Note: This article was updated to clarify that Greenidge considered bankruptcy because of the bear market, not criticism from activists and or lawmakers, and that it is challenging the denial of air permit renewal.", 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin steadies itself comfortably above $29K. One analyst says that investors are now looking for assets that retain their value. Insights: Captain Kirk drops his first NFT collection and speaks boldly about crypto\'s potential in a Consensus 2023 discussion. Prices CoinDesk Market Index (CMI) 1,252 +17.3 ▲ 1.4% Bitcoin (BTC) $29,553 +709.8 ▲ 2.5% Ethereum (ETH) $1,912 +15.5 ▲ 0.8% S&P 500 4,135.35 +79.4 ▲ 2.0% Gold $1,998 +7.7 ▲ 0.4% Nikkei 225 28,457.68 +41.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,252 +17.3 ▲ 1.4% Bitcoin (BTC) $29,553 +709.8 ▲ 2.5% Ethereum (ETH) $1,912 +15.5 ▲ 0.8% S&P 500 4,135.35 +79.4 ▲ 2.0% Gold $1,998 +7.7 ▲ 0.4% Nikkei 225 28,457.68 +41.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Above $29K; Ether Rises Over $1.9K Bitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday. The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday\'s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding. Since spiking approximately 40% in January, bitcoin and other cryptos have been stubbornly resistant to industry mishaps and wider macroeconomic uncertainty. "The operative word here is resilience," said Michael Sonnenshein, CEO at crypto asset management company Grayscale Investments, told CoinDesk TV on the opening day of the Consensus 2023 conference in Austin, Texas. "Despite recent setbacks whether it be trust or certain businesses that were once integral to crypto that are no longer around, what we\'re seeing is resilience." Story continues Sonnenshein added: "It\'s really encouraging time and again as this industry gets challenged, it demonstrates its strengths and comes out stronger." Grayscale and CoinDesk share the same parent company, Digital Currency Group. Ether was recently trading above $1,910, up about 0.8% from Wednesday, same time. Other major cryptocurrencies were recently up marginally little more than 36 hours after they had fallen well into the red. The CoinDesk Market Index , a measure of crypto markets performance, recently climbed 0.8%. U.S. equity markets rose as surprisingly strong earnings from tech giants Microsoft, Google parent Alphabet and, most recently Meta Platforms, trumped concerns about unexpectedly sluggish 1.1% growth in first-quarter GDP and the struggles of regional bank First Republic. The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, climbed 2.4% and 2%, respectively. Investors will now be focusing on next week\'s Federal Open Market Committee (FOMC) interest rate decision. The CME FedWatch Tool is currently showing an 87% probability of a third consecutive 25-basis point rate hike, although Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email that the U.S. central bank is close to ending this type of monetary hawkishness. The Federal Reserve will be able to move forward with one, perhaps two, more rate hikes, "but then that should be it," Moya wrote. "Today’s economic data painted a picture of an economy that is slowing down, inflation is temporarily accelerating, and the labor market is softening." Meanwhile, Bob Baxley, chief technology officer at decentralized finance (DeFi) platform Maverick Protocol, told CoinDesk\'s Jocelyn Yang that bitcoin’s performance in recent days reflects investors’ confidence in the crypto’s ability to hold value even during unsettling events. “Bitcoin and other crypto assets have clearly been performing as the sort of safe haven that many had hoped this technology class would become,” Baxley told CoinDesk in an email. Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +4.5% Smart Contract Platform Solana SOL +3.6% Smart Contract Platform Bitcoin BTC +2.5% Currency Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −0.1% Currency Loopring LRC −0.1% Smart Contract Platform Insights William Shatner is speeding to Web3 at warp 9. The original "Star Trek" captain and longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, at CoinDesk’s Consensus 2023 conference. Infinite Connections comprises two collections: Cosmic Explorer, with 2,500 NFTs that feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations. Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character. The other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities. "NFTs are slowly becoming more artistic," Shatner said backstage at the conference. "These, developed by Orange Comet, are among the most artistic that I\'ve ever seen." To create and release his collection, Shatner worked with Orange Comet, a Web3 entertainment company that recently raised $7 million in a funding round. The company has also worked with former National Basketball Association star Scottie Pippen , Sir Anthony Hopkins and the hit TV show " The Walking Dead ." Orange Comet CEO Dave Broome, who also spoke at the conference, revealed how the deal with Shatner occurred, and how Shatner\'s intellectual curiosity was a key component. "This is a man at 92 who is still inquiring, and still has an ability to learn and embrace technology and understanding what it could do," Broome said. "What we\'re interested in doing is taking someone like iconic legendary William Shatner and all of the millions and millions of fans that he has, and bring them over into web3." Read the full story here : Important events Consensus 2023 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Gross Domestic Product s.a. (YoY/Q1) 8:00 p.m. HKT/SGT(12:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Consensus 2023: Anthony Scaramucci Addresses FTX\'s Implosion; Erik Voorhees on Future of DeFi "First Mover" was live in Austin, Texas, as Consensus 2023 continued with special guests, including SkyBridge Capital founder and managing partner Anthony Scaramucci, ShapeShift founder Erik Voorhees, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger, Polygon Labs Chief Policy Officer Rebecca Rettig, and EY Global Blockchain Leader Paul Brody. Headlines Arbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’ : Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Arbitrum, from the newly created Arbitrum DAO that now controls it. Bahamian Prime Minister Doesn’t Regret FTX : Philip Davis says the country is “open for business” for legitimate digital-assets companies. Sustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy : Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions. Bitcoin\'s \'Estimated Leverage Ratio\' Hits Lowest Point Since December 2021 : The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant. Ex-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm, Source : A16z’s former chief technology officer, Riyaz Faizullabhoy, and former Chief Information Security Officer Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin steadies itself comfortably above $29K. One analyst says that investors are now looking for assets that retain their value.\nInsights:Captain Kirk drops his first NFT collection and speaks boldly about crypto\'s potential in a Consensus 2023 discussion.\nCoinDesk Market Index (CMI)\n1,252\n+17.3▲1.4%\nBitcoin (BTC)\n$29,553\n+709.8▲2.5%\nEthereum (ETH)\n$1,912\n+15.5▲0.8%\nS&P 500\n4,135.35\n+79.4▲2.0%\nGold\n$1,998\n+7.7▲0.4%\nNikkei 225\n28,457.68\n+41.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,252", "+17.3\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,553", "+709.8\\u25b22.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,912", "+15.5\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,135.35", "+79.4\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,998", "+7.7\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,457.68", "+41.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Above $29K; Ether Rises Over $1.9K\nBitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday.\nThe largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday\'s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding.\nSince spiking approximately 40% in January, bitcoin and other cryptos have been stubbornly resistant to industry mishaps and wider macroeconomic uncertainty.\n"The operative word here is resilience," said Michael Sonnenshein, CEO at crypto asset management company Grayscale Investments, told CoinDesk TV on the opening day of the Consensus 2023 conference in Austin, Texas. "Despite recent setbacks whether it be trust or certain businesses that were once integral to crypto that are no longer around, what we\'re seeing is resilience."\nSonnenshein added: "It\'s really encouraging time and again as this industry gets challenged, it demonstrates its strengths and comes out stronger."\nGrayscale and CoinDesk share the same parent company, Digital Currency Group.\nEther was recently trading above $1,910, up about 0.8% from Wednesday, same time. Other major cryptocurrencies were recently up marginally little more than 36 hours after they had fallen well into the red. TheCoinDesk Market Index, a measure of crypto markets performance, recently climbed 0.8%.\nU.S. equity markets rose as surprisingly strong earnings from tech giants Microsoft, Google parent Alphabet and, most recently Meta Platforms, trumped concerns about unexpectedly sluggish 1.1% growth in first-quarter GDP and the struggles of regional bank First Republic. The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, climbed 2.4% and 2%, respectively.\nInvestors will now be focusing on next week\'s Federal Open Market Committee (FOMC) interest rate decision. TheCME FedWatch Toolis currently showing an 87% probability of a third consecutive 25-basis point rate hike, although Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email that the U.S. central bank is close to ending this type of monetary hawkishness. The Federal Reserve will be able to move forward with one, perhaps two, more rate hikes, "but then that should be it," Moya wrote. "Today’s economic data painted a picture of an economy that is slowing down, inflation is temporarily accelerating, and the labor market is softening."\nMeanwhile, Bob Baxley, chief technology officer atdecentralized finance(DeFi) platform Maverick Protocol, told CoinDesk\'s Jocelyn Yang that bitcoin’s performance in recent days reflects investors’ confidence in the crypto’s ability to hold value even during unsettling events.\n“Bitcoin and other crypto assets have clearly been performing as the sort of safe haven that many had hoped this technology class would become,” Baxley told CoinDesk in an email.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.5%", "DACS Sector": "Currency"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nWilliam Shatner is speeding to Web3 at warp 9.\nThe original"Star Trek" captainand longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, at CoinDesk’sConsensus 2023conference.\nInfinite Connections comprises two collections: Cosmic Explorer, with 2,500NFTsthat feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations. Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character.\nThe other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities.\n"NFTs are slowly becoming more artistic," Shatner said backstage at the conference. "These, developed by Orange Comet, are among the most artistic that I\'ve ever seen."\nTo create and release his collection, Shatner worked with Orange Comet, a Web3 entertainment company thatrecently raised $7 millionin a funding round. The company has also worked with former National Basketball Association starScottie Pippen,Sir Anthony Hopkinsand the hit TV show "The Walking Dead."\nOrange Comet CEO Dave Broome, who also spoke at the conference, revealed how the deal with Shatner occurred, and how Shatner\'s intellectual curiosity was a key component.\n"This is a man at 92 who is still inquiring, and still has an ability to learn and embrace technology and understanding what it could do," Broome said. "What we\'re interested in doing is taking someone like iconic legendary William Shatner and all of the millions and millions of fans that he has, and bring them over into web3."\nRead the full storyhere:\nConsensus 2023\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q1)\n8:00 p.m. HKT/SGT(12:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nConsensus 2023: Anthony Scaramucci Addresses FTX\'s Implosion; Erik Voorhees on Future of DeFi\n"First Mover" was live in Austin, Texas, as Consensus 2023 continued with special guests, including SkyBridge Capital founder and managing partner Anthony Scaramucci, ShapeShift founder Erik Voorhees, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger, Polygon Labs Chief Policy Officer Rebecca Rettig, and EY Global Blockchain Leader Paul Brody.\nArbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’:Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Arbitrum, from the newly created Arbitrum DAO that now controls it.\nBahamian Prime Minister Doesn’t Regret FTX:Philip Davis says the country is “open for business” for legitimate digital-assets companies.\nSustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy:Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions.\nBitcoin\'s \'Estimated Leverage Ratio\' Hits Lowest Point Since December 2021:The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.\nEx-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm, Source:A16z’s former chief technology officer, Riyaz Faizullabhoy, and former Chief Information Security Officer Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin steadies itself comfortably above $29K. One analyst says that investors are now looking for assets that retain their value.\nInsights:Captain Kirk drops his first NFT collection and speaks boldly about crypto\'s potential in a Consensus 2023 discussion.\nCoinDesk Market Index (CMI)\n1,252\n+17.3▲1.4%\nBitcoin (BTC)\n$29,553\n+709.8▲2.5%\nEthereum (ETH)\n$1,912\n+15.5▲0.8%\nS&P 500\n4,135.35\n+79.4▲2.0%\nGold\n$1,998\n+7.7▲0.4%\nNikkei 225\n28,457.68\n+41.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,252", "+17.3\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,553", "+709.8\\u25b22.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,912", "+15.5\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,135.35", "+79.4\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,998", "+7.7\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,457.68", "+41.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Above $29K; Ether Rises Over $1.9K\nBitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday.\nThe largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday\'s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding.\nSince spiking approximately 40% in January, bitcoin and other cryptos have been stubbornly resistant to industry mishaps and wider macroeconomic uncertainty.\n"The operative word here is resilience," said Michael Sonnenshein, CEO at crypto asset management company Grayscale Investments, told CoinDesk TV on the opening day of the Consensus 2023 conference in Austin, Texas. "Despite recent setbacks whether it be trust or certain businesses that were once integral to crypto that are no longer around, what we\'re seeing is resilience."\nSonnenshein added: "It\'s really encouraging time and again as this industry gets challenged, it demonstrates its strengths and comes out stronger."\nGrayscale and CoinDesk share the same parent company, Digital Currency Group.\nEther was recently trading above $1,910, up about 0.8% from Wednesday, same time. Other major cryptocurrencies were recently up marginally little more than 36 hours after they had fallen well into the red. TheCoinDesk Market Index, a measure of crypto markets performance, recently climbed 0.8%.\nU.S. equity markets rose as surprisingly strong earnings from tech giants Microsoft, Google parent Alphabet and, most recently Meta Platforms, trumped concerns about unexpectedly sluggish 1.1% growth in first-quarter GDP and the struggles of regional bank First Republic. The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, climbed 2.4% and 2%, respectively.\nInvestors will now be focusing on next week\'s Federal Open Market Committee (FOMC) interest rate decision. TheCME FedWatch Toolis currently showing an 87% probability of a third consecutive 25-basis point rate hike, although Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email that the U.S. central bank is close to ending this type of monetary hawkishness. The Federal Reserve will be able to move forward with one, perhaps two, more rate hikes, "but then that should be it," Moya wrote. "Today’s economic data painted a picture of an economy that is slowing down, inflation is temporarily accelerating, and the labor market is softening."\nMeanwhile, Bob Baxley, chief technology officer atdecentralized finance(DeFi) platform Maverick Protocol, told CoinDesk\'s Jocelyn Yang that bitcoin’s performance in recent days reflects investors’ confidence in the crypto’s ability to hold value even during unsettling events.\n“Bitcoin and other crypto assets have clearly been performing as the sort of safe haven that many had hoped this technology class would become,” Baxley told CoinDesk in an email.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.5%", "DACS Sector": "Currency"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nWilliam Shatner is speeding to Web3 at warp 9.\nThe original"Star Trek" captainand longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, at CoinDesk’sConsensus 2023conference.\nInfinite Connections comprises two collections: Cosmic Explorer, with 2,500NFTsthat feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations. Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character.\nThe other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities.\n"NFTs are slowly becoming more artistic," Shatner said backstage at the conference. "These, developed by Orange Comet, are among the most artistic that I\'ve ever seen."\nTo create and release his collection, Shatner worked with Orange Comet, a Web3 entertainment company thatrecently raised $7 millionin a funding round. The company has also worked with former National Basketball Association starScottie Pippen,Sir Anthony Hopkinsand the hit TV show "The Walking Dead."\nOrange Comet CEO Dave Broome, who also spoke at the conference, revealed how the deal with Shatner occurred, and how Shatner\'s intellectual curiosity was a key component.\n"This is a man at 92 who is still inquiring, and still has an ability to learn and embrace technology and understanding what it could do," Broome said. "What we\'re interested in doing is taking someone like iconic legendary William Shatner and all of the millions and millions of fans that he has, and bring them over into web3."\nRead the full storyhere:\nConsensus 2023\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q1)\n8:00 p.m. HKT/SGT(12:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nConsensus 2023: Anthony Scaramucci Addresses FTX\'s Implosion; Erik Voorhees on Future of DeFi\n"First Mover" was live in Austin, Texas, as Consensus 2023 continued with special guests, including SkyBridge Capital founder and managing partner Anthony Scaramucci, ShapeShift founder Erik Voorhees, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger, Polygon Labs Chief Policy Officer Rebecca Rettig, and EY Global Blockchain Leader Paul Brody.\nArbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’:Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Arbitrum, from the newly created Arbitrum DAO that now controls it.\nBahamian Prime Minister Doesn’t Regret FTX:Philip Davis says the country is “open for business” for legitimate digital-assets companies.\nSustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy:Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions.\nBitcoin\'s \'Estimated Leverage Ratio\' Hits Lowest Point Since December 2021:The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.\nEx-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm, Source:A16z’s former chief technology officer, Riyaz Faizullabhoy, and former Chief Information Security Officer Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.', 'CHICAGO, IL - (NewMediaWire) - April 27, 2023 -(ACN Newswire)- Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace (https://lumerin.io/marketplace/), a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network.\nThe primary objective of the launch\'s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta.Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe.Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies.At the same time, participants will not need to own mining equipment to participate -- they will be able to buy hashpower contracts just like the professional miners.Details on the Testnet LaunchThis will be a phased launch in order to ensure the integrity and security of the marketplace\'s hashpower contracts.Particularly at this early stage, testers are strongly encouraged to read the instructions (https://lumerin.gitbook.io/lumerin-hashpower-marketplace/) for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account.Beta testers who are registered on the Lumerin Explorer Program--you can still sign up using this link (https://lumerin.io/explorer-program)--are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin "faucet," an automated distribution mechanism that sends the tokens to the users upon request.During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware\'s hashpower to that pool.Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform."Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces," said Ryan Condron, co-founder of Lumerin. "With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.""Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today\'s real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance."About LumerinLumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts.The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.Website:https://lumerin.io/Twitter:https://twitter.com/hellolumerinMedium:https://medium.com/lumerin-blogTelegram:https://t.me/LumerinOfficial\nFor media contact:\nBryan Feinberg\[email protected]\nView the original release onwww.newmediawire.com', 'CHICAGO, IL - (NewMediaWire) - April 27, 2023 -(ACN Newswire)- Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace (https://lumerin.io/marketplace/), a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network.\nThe primary objective of the launch\'s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta.Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe.Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies.At the same time, participants will not need to own mining equipment to participate -- they will be able to buy hashpower contracts just like the professional miners.Details on the Testnet LaunchThis will be a phased launch in order to ensure the integrity and security of the marketplace\'s hashpower contracts.Particularly at this early stage, testers are strongly encouraged to read the instructions (https://lumerin.gitbook.io/lumerin-hashpower-marketplace/) for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account.Beta testers who are registered on the Lumerin Explorer Program--you can still sign up using this link (https://lumerin.io/explorer-program)--are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin "faucet," an automated distribution mechanism that sends the tokens to the users upon request.During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware\'s hashpower to that pool.Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform."Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces," said Ryan Condron, co-founder of Lumerin. "With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.""Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today\'s real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance."About LumerinLumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts.The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.Website:https://lumerin.io/Twitter:https://twitter.com/hellolumerinMedium:https://medium.com/lumerin-blogTelegram:https://t.me/LumerinOfficial\nFor media contact:\nBryan Feinberg\[email protected]\nView the original release onwww.newmediawire.com', 'CHICAGO, IL - ( NewMediaWire ) - April 27, 2023 - (ACN Newswire) - Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace ( https://lumerin.io/marketplace/ ), a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network. The primary objective of the launch\'s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta. Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe. Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies. At the same time, participants will not need to own mining equipment to participate -- they will be able to buy hashpower contracts just like the professional miners. Details on the Testnet Launch This will be a phased launch in order to ensure the integrity and security of the marketplace\'s hashpower contracts. Particularly at this early stage, testers are strongly encouraged to read the instructions ( https://lumerin.gitbook.io/lumerin-hashpower-marketplace/ ) for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account. Beta testers who are registered on the Lumerin Explorer Program--you can still sign up using this link ( https://lumerin.io/explorer-program )--are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin "faucet," an automated distribution mechanism that sends the tokens to the users upon request. During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware\'s hashpower to that pool. Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform. "Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces," said Ryan Condron, co-founder of Lumerin. "With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like." "Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today\'s real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance." About Lumerin Lumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts. The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe. Website: https://lumerin.io/ Twitter: https://twitter.com/hellolumerin Medium: https://medium.com/lumerin-blog Telegram: https://t.me/LumerinOfficial Story continues For media contact: Bryan Feinberg [email protected] View the original release on www.newmediawire.com', 'Bitcoin rose in Friday morning trading in Asia to hold above US$29,500 after a week of worries about more U.S. bank failures and a possible recession that some commentators say is generating new interest in the world’s largest cryptocurrency as a safe haven asset.\xa0Ether edged lower, but held above support at US$1,900. Most other top 10 non-stablecoin crypto fell, with the exception of Solana, which gained on an artificial intelligence (AI) enhancement in its network. U.S. equity futures dipped in Asia after gains on Wall Street in regular Thursday trade on more strong earnings signals.\nSee related article:Coinbase sues SEC in bid for clarity on crypto rules\n• Bitcoin gained 0.77% to US$29,518 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The token is up 4.23% for the past seven days.\n• Turmoil and fragility in theU.S. banking systemis helping Bitcoin into mainstream adoption and solidifying its role as a safe haven, according to U.S.-based financial services firm Bernstein Private Wealth Management, cited byCNBC on Thursday.\n• New York-based investment bank H.C. Wainwright also sees Bitcoin potentially entering a bull price cycle and initiated a“buy” rating on crypto exchange Coinbaseon Wednesday, saying it will benefit from growth in the global digital asset economy.\n• Ether dipped 0.56% to US$1,911 for a weekly loss of 1.98%.\n• Solana rose 1.91% to US$22.39 after the non-profit Solana Foundation announced aUS$1-million fundon Wednesday for projects exploring AI for the Solana blockchain. Solana Labs also created aplugin on OpenAI’s chatbot ChatGPTthis week that reportedly allows users to check wallet balances, transfer tokens, and purchase non-fungible tokens (NFT) throughChatGPT.\n• The total crypto market capitalization inched up 0.02% in the past 24 hours to US$1.21 trillion. The total trading volume over the last 24 hours dropped 22.81% to US$51.66 billion.\n• In the NFT market, the Forkast 500 NFT index dipped 0.21% to 3,701.73 in the 24 hours to 9:00 a.m. in Hong Kong, down 6.55% for the week. The index is a proxy measure of the performance of theglobal NFT marketand includes 500 eligible smart contracts. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• The Forkast 500 is a representation for the market as a whole, but it also reflects traders and what they’re doing or not doing and there is very low volume on the NFT markets right now, Yehudah Petscher, Forkast Labs NFT strategist, said in an interview.Wash tradingis still a problem, he said.\n• Still, there’s good stuff happening in the NFT space, with communities building and growing, said Petscher. “Also, the art is world class and that is an important thing that’s happening in the NFT space where digital artists now can make a living by selling their NFTs. Sotheby’s and Christie’s are selling NFT art at this point regularly,” he added.\n• U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures and the S&P 500 futures both edged down 0.13%. The Nasdaq Composite Index dipped 0.18%.\n• The three indexes closed higher on Thursday as strong earnings at Meta Platforms, previously Facebook, pushed the stock up nearly 14%, outweighing a poor first quarter GDPreportthat came in with an annual growth rate of 1.1%, missing economists’ prediction of 2%, according toReuterson Friday.\n• Conversely, the report also showed a 4.2% increase in personal consumption, beatinganalysts’ expectationo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,507,906,719 - Hash Rate: 355961504.6329083 - Transaction Count: 483522.0 - Unique Addresses: 725813.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Tokens issued by perpetual futures-focuseddecentralized exchange(DEX) Kwenta Protocol have outperformed the broader crypto market in the past week as traders have moved to decentralized platforms to generate relatively risk-free returns from direction-neutral strategies. The DEX's native token (KWENTA) surged to over $670 on Wednesday, rising from under $250 in mid-February to reach a market capitalization of more than $150 million at yesterday’s peak price. Bitcoin fell 5% over the same period, according to CoinGecko. KWENTA is used to incentivize the growth of the Kwentadecentralized autonomous organization(DAO) and has two primary functions – staking and platform governance. Trading volumes for the token have grown steadily in the past few weeks to nearly $50 million from just $3 million at the start of this year,statistics show, contributing to $880 million in lifetime volumes since the platform’s early 2021 launch. Kwenta works in tandem with Synthetix, a popular DEX that offers crypto, equity, and forex futures to traders. On Kwenta, Synthetix stakers take the other side of every trade. Funding rates attract traders on each side, balancing the skew. DEXs rely on smart contracts instead of middlemen to process trades. DEX traders have found a way to profit from perpetual futures funding arbitrage opportunities by utilizing the spread in funding rates between perpetual futures on different exchanges. By taking bullish long and bearish short positions on the futures contract and the underlying asset, traders can capitalize on the difference in funding rates between the two markets. For example, at writing time on Thursday, bitcoin (BTC) perpetual futures on Kwenta have an hourly funding rate of -0.001935%, giving a daily rate of -0.04% pocketed by short position holders. The daily yield on such a position at a 25x leverage – the highest offered by Kwenta – is close to 1%. On dYdX, another DEX, thefunding rate for bitcoin is 0.000164%, meaning it is paying 0.003% daily to traders who hold BTC perpetual futures on the platform. The difference between funding rates can be exploited with the help of a market-neutral strategy. A trader can place a bearish short position on Kwenta and collect the funding rate of 0.04% per day and simultaneously take a long position on dYdX and pay the funding rate of 0.003% per day. That way, the trader can safely pocket the difference in funding rates while bypassing market volatility. “As there is a difference between the funding rates, the trader profits from the difference after all fees,” according toSynthetix documents. Funding is similar to an interest payment. It is a set percentage of one’s position size that traders either pay, or get paid, at regular intervals. If funding is positive, longs pay shorts, and if funding is negative, shorts pay longs. Funding rates are used to adjust the price of the contract over time to keep it in line with the price of the underlying asset. Just as traders pay funding, those on the opposite side of the trade collect funding, based on market demand. This can boost profit and loss on directional positions, or be used as part of a more complex strategy. However, funding reduces the profitability of a trade, and increases risk of liquidation. For example, hourly funding of 0.01% is about 87% annualized, Kwenta’s technical documents show. Traders can utilize funding rates to create their own strategies, such as basis trading and funding rate arbitrage. These common strategies are known as Delta Neutral, where short and long exposure is balanced and returns are made regardless of market direction.... - Reddit Posts (Sample): [['u/OrsaMinore2010', 'Steelman against crypto in general, video format.', 26, '2023-04-28 01:01', 'https://www.reddit.com/r/ergonauts/comments/131admo/steelman_against_crypto_in_general_video_format/', "Here is a video by a guy named James Jani, which does a pretty good job of explaining and criticizing cryptocurrencies, tokens, nft's, and web 3, as well as bitcoin itself.\n\n[https://www.youtube.com/watch?v=ORdWE\\_ffirg](https://www.youtube.com/watch?v=ORdWE_ffirg)\n\nI think it is very well done, though I obviously don't agree with all the conclusions.\n\nI'm sure this post would be immediately stricken from r/cc, but here I might get away with posting it and asking for you to acknowledge what we're up against with Gensler, the SEC, the Biden administration, and the general public (in addition to the r/buttcoin crowd.\n\nTL;DW in the comments.", 'https://www.reddit.com/r/ergonauts/comments/131admo/steelman_against_crypto_in_general_video_format/', '131admo', [['u/ErwinDurzo', 13, '2023-04-28 02:48', 'https://www.reddit.com/r/ergonauts/comments/131admo/steelman_against_crypto_in_general_video_format/jhzs6ha/', "You can also make a compelling argument that western civilization as a whole is bound for a huge shift and that central banking and thus the fiat system itself is flawed, we could go on for days down this rabbit hole, I'm sure most of us have done so at some point.\n\nIf you read authors that follow the Austrian school of economics for instance, the logical conclusion is pretty much what I just said, and there are hundreds of well thought-out, internally sound books on the subject, and they not only explain currency crashes of the past but also predict a few of the crises we've gone through decades after such predictions were made, which is a hallmark of a good theory of reality\n\nThis is not a black and white subject, we have competing theories successfully explain a lot of things that have happened to currencies and societies so far, the only way to gather more evidence on whether or not we're right is to make predictions using our mental model and then, many years later, find out whether those predictions turned out to be true.\n\nAnyway, in this grey mess the reason I choose to side with crypto ( especially bitcoin and later with ergo ) is because I believe that individual sovereignty tends to lead to more prosper outcomes, which has usually been the case throughout history. Thus, due to something akin to an economic darwinism, systems that highlight this level of personal freedom will prosper eventually, even if it takes a black swam event that destroys the more fragile ones and instead of hurting, \\helps\\ crypto.\n\nI haven't addressed his bullet points specifically because I think finding the truth through that lens is not a computable problem, society is simply too complex - maybe an ASI could do it -, we need instead to focus on what the incentives are and make a high level prediction about what these systems tend to converge to given enough entropy and time, and then we'll know which mental models of reality are better, because the best one will make the best predictions.", '131admo']]], ['u/wpeironnet', 'First Republic Bank Run Scare Pumping Bitcoin Will Not Be the Last Bank Run Scare to Effect the Markets.', 49, '2023-04-28 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/', 'Over the last couple days we have all seen the articles about First Republic Bank possibly going under due to bank runs and mismanagement of assets. \n\nFirst Republic is the 18th largest banks in the US. Ranked 18 in the entire USA, that is massive. \n\nThis should be giving us a taste of what is to come. You can be certain that other large banks are being effected as while as plenty of smaller banks with smaller assets.\n\nThe next fed meeting is likely to increase rates once again which is putting on further pressure and the more fear of bank runs being published makes it more likely to grow the issue. For these reasons I suspect more bank runs to come.\n\nWhen banks fail gold’s price goes. Bitcoin is the hold of crypto which holds value. As we’ve seen with FRB Bitcoins price is pumping as people become fearful of banks and with possibly more fear to come I suspect Bitcoins price may continue raising.\n\nThis is all just food for thought you’re gonna wanna keep a sharp eye on the fed meetings, banks earnings, and price actions for BTC. Exciting and scary times.', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/', '131bloq', [['u/jorneyp', 17, '2023-04-28 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/jhzl3yi/', 'We really don’t want all the banks to collapse …it will chaos', '131bloq'], ['u/jhung713', 10, '2023-04-28 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/jhzl5z3/', 'TLDR: buy more bitcoin.', '131bloq']]], ['u/Significant_Room4148', 'When you buy Bitcoin, who gets your payment?', 100, '2023-04-28 03:26', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/', 'Where does my money go? Who receives it?', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/', '131dqe4', [['u/Tipyapha', 105, '2023-04-28 03:37', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/jhzz5w7/', 'Bitcoin CEO', '131dqe4'], ['u/sciencetaco', 22, '2023-04-28 03:59', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji02c3q/', "When you buy milk or bread...who gets it?\n\nThe person selling it to you.\n\nIf you're buying on an exchange, then it's going to the other person/people who placed sell orders at that price point. Exchanges match buyers and sellers.", '131dqe4'], ['u/technotrader', 47, '2023-04-28 04:09', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji03rdm/', 'Most of it goes to the person who sold you the Bitcoin. In case of exchanges, they - as the middle man - skim a little bit from the both of you.', '131dqe4'], ['u/jonesmatty', 336, '2023-04-28 05:03', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0ayg7/', "While this may seem like a stupid question to many people on the sub, it isn't wise to mock people that don't understand how exchanges work. If you want Bitcoin for all, you need to make allowances for people that do not understand how money works. This includes how exchanges and trading work in general. \n\nTo the OP, the person that gets the dollars or euros or whatever currency your trading for Bitcoin is the person that is selling it to you minus a small transaction fee paid to the intermediary such as the exchange.", '131dqe4'], ['u/Secret_Fox_5192', 16, '2023-04-28 05:14', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0c7zl/', 'That’s a scammer. His real name is Bitoshi Nutamoto.', '131dqe4'], ['u/Steal-Rain', 42, '2023-04-28 05:40', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0fat0/', "I think the concern is how did they get the Bitcoin for them to buy it, and how do we know it's real Bitcoin.\n\n This question was presented to me and I couldnt answer it. Because all they understood was you have to mine bitcoin to receive it as a reward. \n\nAnd that's all i could bridge for them. They have a pool where the bitcoin they mine is sold and traded for currency.", '131dqe4'], ['u/Significant_Room4148', 56, '2023-04-28 05:48', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0g6jj/', 'Ya that’s what I’m trying to ask. Forgive my ignorance I am not very formally educated due to religious reasons', '131dqe4'], ['u/JeremyBF', 27, '2023-04-28 06:16', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0j5xo/', "At the very start the only way to get BTC was to mine, this could be done using a standard home computer at the time. It wasn't until several years later that exchanges were set up to allow buying and selling.", '131dqe4'], ['u/WorldSpark', 42, '2023-04-28 09:12', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0xy05/', 'To start with - you pay exchange your $ and they give you bitcoin - from where did this exchange got that bitcoin, if that is the question then FYI - bitcoin is mined (produced) every 10 minutes (6.25 btc every 10 minutes) by a process called mining. The person who does mining deployed computer hardware and electricity to run the mining process, this is hardware intensive and costly. As soon as a bitcoin is mined (produced ) it is registered on a ledger called blockchain. To get return on its investment he sells the bitcoin to whoever wants to buy. This selling and buying is facilitated by crypto exchanges who charges little fee for the transaction. \n\nNow when you buy, you pay the money to exchange who will in-turn pay this money $ to bitcoin miner who has produced it in the first place. \n\nFurther more - the mining (producing ) bitcoin is done by running bitcoin code - the code is available for anyone to download and run. Those people running the code are competing among themselves to get the newly to be produced bitcoin as only 6.25 btc will be produced. The more hardware you deploy the more chances you have to get that newly mined bitcoins. \n\nThis 6.25 btc started at 50 btc in 2009, and it gets halved every 4 years . In 2024 this will be reduced to 3.125 bitcoin roughly every 10 minutes. Which will further half in 2028. \n\nWho decided all this - the person/group/organization/entity who wrote bitcoin code (computer program). He/she is unknown to this date , but the program is available online use - no copyrights.', '131dqe4']]], ['u/AdventurosBluejay314', 'Why did cro go up 10% in 24 hours?', 78, '2023-04-28 05:53', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/', 'Cro just went up 10% like that, more than bitcoin, ethereum etc.\nIt also usually has 10 million volume per 24 hours, now it has 100 million.\nAnyone knows what’s up?', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/', '131gtlt', [['u/ProficientSC2', 13, '2023-04-28 12:25', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1bf06/', 'Maybe some insider info on good news coming', '131gtlt'], ['u/iGhost1337', 30, '2023-04-28 12:33', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1c2xe/', 'probably due the Amazon aws and Samsung announcements.', '131gtlt'], ['u/Hectic91', 93, '2023-04-28 13:51', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1jhnt/', 'To be fair I think the news a while ago that CDC got trading rights in UAE and now that probably the next big bull cycle will be because of Asian markets joining in (Singapore, Hong Kong, Saudi Arabia etc) this is quite bullish for CRO in my opinion because CDC is positioned well for these markets. Ofcourse the Amazon and Samsung news is nice but really nothing ordinary…', '131gtlt'], ['u/lordofming-rises', 16, '2023-04-28 14:13', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1ltrw/', 'When cro to 1 dollars?', '131gtlt'], ['u/ToDaMoonShibe', 15, '2023-04-28 14:37', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1olh2/', "sometimes it's just the market , CRO has not performed as well as btc eth so i just rebalenced a bit maybe", '131gtlt'], ['u/allegedlyittakes2', 32, '2023-04-28 16:32', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji24ayd/', 'The AWS and Samsung partnership that was announced over the last couple days.', '131gtlt'], ['u/Tomomarsho88', 12, '2023-04-28 17:32', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji2di2k/', 'Yes, exactly the opposite of expert advice = buy when the price is up and sell when the price is down 🤔', '131gtlt'], ['u/Europa_Gains', 13, '2023-04-28 17:39', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji2ego7/', 'Solid answer.', '131gtlt'], ['u/BrisingrReborn', 29, '2023-04-28 19:46', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji2y168/', 'This person watches Coin Bureau', '131gtlt']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 28, 2023', 36, '2023-04-28 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/', '131gyb2', [['u/chrisgilesphoto', 22, '2023-04-28 10:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji14au8/', "It's Bank Failure Friday!", '131gyb2'], ['u/hodlr2380', 12, '2023-04-28 11:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji17n90/', 'Anyone else see giant cup and handle forming on the weekly? If so, such a breakout would take us to 40k practically', '131gyb2'], ['u/jarederaj', 10, '2023-04-28 12:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji1az68/', 'Yes.\n\nThe way we’re stepping up, they’re going to keep forming; Makes an argument for an ATH in the next year.\n\nThe question is “how fast will these resolve?”\n\nIMO, the slower the better.', '131gyb2'], ['u/jarederaj', 19, '2023-04-28 15:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji1rux4/', 'I think we’re seeing a trend change in demand side.\n\nhttps://preview.redd.it/kqg70lclokwa1.jpg?auto=webp&v=enabled&s=3bee2322a41c6798b9cfc1f01f2e005242f6e01e\n\nShrimps have become smart money over the last five years.\n\nThis is probably a big part of what’s limiting volatility.', '131gyb2'], ['u/dopeboyrico', 10, '2023-04-28 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji219ga/', 'Absolute lowest annualized rate of return for BTC over a 4 year window of time (enough time to factor in a halving event) is 24%/year which means a doubling of price in slightly more than 3 years.\n\nSuppose 24%/year ends up being the average annualized rate of return going forward off of the bottom we saw last year at $15.5k. In that scenario it would take BTC roughly 20 years from then to reach a price of $1 million.\n\nThe reality is the average annualized rate of return since inception is over 100% year which means a doubling of price every single year. Suppose the average annualized rate of return continues to be 100%/year off of the bottom we saw last year at $15.5k. In that scenario it would take BTC just over 6 years since then to reach a price of $1 million.\n\n6 years sounds too quick and 20 years sounds too long but in reality BTC will probably reach a price of $1 million closer to the shorter timeframe than the longer timeframe.', '131gyb2'], ['u/snek-jazz', 13, '2023-04-28 16:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji23cwb/', "It's a common meme on /r/buttcoin that crypto is starting from scratch and speedrunning through how legacy finance came to be how it is (the need for regulation, consumer protections etc) and I can see some truth in that.\n\nBut I also think bitcoin speedruns people through financial literacy and the path from a noob weakhand to seasoned vet hodler. Through feeling both significant ups and downs with your own skin in the game. It can take around 20 years in legacy finance to go through a cycle or two.", '131gyb2'], ['u/Crypt0fart', 16, '2023-04-28 17:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2auw6/', 'First Republic on its way to becoming a penny stock. Get your bitcoin while you still can ✌️', '131gyb2'], ['u/delgrey', 13, '2023-04-28 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2cmtn/', 'They wasted $100B to try to keep that turd afloat. Another domino... FDIC usually closes em down Fridays after close so lets see what happens.', '131gyb2'], ['u/AccidentalArbitrage', 13, '2023-04-28 17:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2hi5f/', 'Shrimps (<1 BTC) \nCrab (1-10 BTC) \nOctopus (10-50 BTC) \nFish (50-100 BTC) \nDolphin (100-500 BTC) \nShark (500-1,000 BTC) \nWhale (1,000-5,000 BTC) \nHumpback (>5,000 BTC) \n\n\nAccording to: https://insights.glassnode.com/bitcoin-supply-distribution-revisited/', '131gyb2'], ['u/TheGarbageStore', 10, '2023-04-28 18:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2i8a4/', "It's only a few days until May. What do we do in May, people? Do we buy in May?", '131gyb2'], ['u/Rare-Highway-7874', 15, '2023-04-28 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2j8dk/', 'I hear April showers bring May flowers. \n\nDo with that what you will.', '131gyb2'], ['u/delgrey', 13, '2023-04-28 18:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2mkue/', "Anyone remember that Balajis guy with the $1MM bitcoin bet? Predicably he's changed his target from 90 days to 90 months.", '131gyb2'], ['u/[deleted]', 13, '2023-04-28 19:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2rowj/', '"I was ~30x off on my estimate. Please keep listening to me."', '131gyb2'], ['u/[deleted]', 10, '2023-04-28 20:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji36ict/', 'Was there ever a resolution to all the DCG and Grayscale problems? Or is Barry just waiting it out and stalling and letting a bull market fix it?', '131gyb2'], ['u/richardholliday87', 20, '2023-04-28 23:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji3rla3/', "Not really PA related but I noticed this article today and it's a unique one in a way. Nearly a third - 31% of new cryptocurrency investors in 2022 used a friend's suggestion as their primary reason for buying in. \n\nIt's not specific to BTC but I like hearing it and think its great. That was satoshi's vision. \n\nP.S. I always tell my friends about the downsides. Like probably toooo much. \n\nAdios friends. Have a good weekend\n\n[crypto buyers influenced by friends](https://www.cnbc.com/2023/04/28/many-new-bitcoin-crypto-buyers-influenced-by-friends-why-to-be-cautious.html)", '131gyb2']]], ['u/DropWatcher', 'Drop Watch: April 28th, 2023', 118, '2023-04-28 06:03', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/', "#LPs\n\n- *[Jack Harlow - Jackman.](https://open.spotify.com/album/1ep4OEfNOhvcY85STfEtKy) [Pop Rap, Generation Now/Atlantic]\n- [Labrinth (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - Ends & Begins](https://open.spotify.com/album/5kGUy2eONqGocT26fvKo9v) [R&B, Columbia]\n- [G Herbo - Strictly 4 My Fans 2](https://open.spotify.com/album/5ujM8ZczJbszMvGoWeXmvW) (w GloRilla + more) [Chicago Drill, Republic]\n- [Tee Grizzley & Skilla Baby - Controversy](https://open.spotify.com/album/6ZsE1BtC06pff1QvzBSPZ9) [Michigan Trap, 300]\n- [Rafa Pabön (🇵🇷) - Galería](https://open.spotify.com/album/3PW5pAJCc5OiurrmUz2Gbv) (w Rauw Alejandro + more) [Latin Rap, Rimas]\n- [Nines (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - Crop Circle 2](https://music.apple.com/us/album/crop-circle-2/1682381224) (w Wretch 32, Potter Payper, Kojey Radical + more) [UK Rap, Zino/Warner]\n- [Shordie Shordie - a life for two](https://music.apple.com/us/album/a-life-for-two/1682577848) (w 03 Greedo & Octavian) [Melodic Trap, Warner]\n- [Summrs - GHOST](https://open.spotify.com/album/6oiwzCPmeSlYqSezjkFtSX) [Plugg]\n- [Homixide Gang - SNOT OR NOT](https://open.spotify.com/album/4PtaK9Se4jUaKwyeTMqnRN) [Rage, Opium]\n- [Rowdy Rebel & Fetty Luciano - Splash Brothers](https://open.spotify.com/album/6z7bXzVtYKDzHNeKILSyi8) (w Fivio Foreign, Rah Swish & Dboylo) [NY Drill]\n- [Stonebwoy (🇬🇭) - 5th Dimension](https://open.spotify.com/album/1stg00x6atjTH6w2MN4KZb) (w Stormzy, Davido, Oxlade, Tiwa Savage, Mereba, Shaggy, DJ Maphorisa, Angelique Kidjo + more) [Afrobeats, Def Jam]\n- [The Change (🇩🇴) - 555](https://open.spotify.com/album/6H5jQW4yRjWAJeFVBmEQnP) [Latin R&B, Warner]\n- [Amir Obé - afer.](https://open.spotify.com/album/2lCHh2ojc3iRYCh2qX3bYS) (w PARTYNEXTDOOR + more) [R&B, Def Jam]\n- [KAMAUU - LACUNA & The House of Mirrors](https://music.apple.com/us/album/lacuna-the-house-of-mirrors/1680053851) (w Kojey Radical, Tobe Nwigwe + more) [R&B, Atlantic]\n- [Baby Rose - Through and Through](https://music.apple.com/us/album/through-and-through/1662694405) (w Smino & Georgia Anne Muldrow) [R&B, Secretly Canadian]\n- [rum.gold - U Street Anthology](https://open.spotify.com/album/2NvrZxKKfKBN3UBJqdn5Ep) (w Mereba & Kiah Victoria) [R&B, Leola]\n- [TAICHU (🇦🇷) - RAWR](https://open.spotify.com/album/4D6TE4cuDOaIHQJlEmARR6) [Latin Rap, DALE PLAY]\n- [Club16 & Jota Rosa (🇵🇷) - Vol. 2](https://open.spotify.com/album/2wVZ2SzvRStpgyNmXo9s8d) (w Feid + more) [Latin Rap, Warner]\n- [Ill Bill - BILLY](https://open.spotify.com/album/2Y6yUeYPrawQAHqOGizYf3) (w Kool G Rap, Immortal Technique, Vinnie Paz, Nems, Rittz, Tragedy Khadafi, Ransom + more) [Hip Hop, Fat Beats]\n- [Tony Shhnow - Love Streak](https://music.apple.com/us/album/love-streak/1685195512) (w DRAM, MAVI + more) [Plugg]\n- [Adrian Younge & Ali Shaheed Muhammed - Lonnie Liston Smith JID017](https://music.apple.com/us/album/lonnie-liston-smith-jid017/1666135222) [Jazz]\n- [jim legxacy (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - homeless nigga pop music](https://open.spotify.com/album/5j9zothL0paSMkfcdjCdHA) [alternative hip hop]\n- [Kill Bill: The Rapper - FULLMETAL KAIJU](https://open.spotify.com/album/1gecTXOrzyZHXfPYNHQWoV) [Nerdcore]\n- [Kokane & Suga Free - Sugakane](https://open.spotify.com/album/31shgfIVmsL6CPMt6bRSDZ) [West Coast Rap]\n- [Wee2Hard & Anti Da Menace - Block Babyz](https://open.spotify.com/album/7zyBuCgd9dyDCHnLZhmHLX) [Trap, ATL, QC]\n- [Harrison (🇨🇦) - Birds, Bees, The Clouds & the Trees](https://music.apple.com/us/album/birds-bees-the-clouds-the-trees/1674065698) (w TOBi, MED, Guilty Simpson, Kadja Bonet & Nanna.B) [Producer]\n- [LilCJ Kasino - King Ape](https://open.spotify.com/album/1qf5tC4B98PZVmk4tJvtt7) [Trap, TX]\n- [JMB Juvie - Long Way 4rm Home](https://open.spotify.com/album/6Gmr9T24bevjkkmLTlLKcU) (w Anti Da Menace & Fredo Bang) [Melodic Trap, GA, Alamo]\n- [EBK BCKDOE - Rookie of the Year](https://open.spotify.com/album/3tQZvCRH5dVPulCQKtfYxu) [Stockton Trap, Thizzler]\n- [Thelonious Martin - Season 1. Episode 4.](https://open.spotify.com/album/3NMpB1bl2kVyZSqMUN9F3I) [Beat Tape]\n- [Flee Lord & Crisis - 2-3 Zone](https://open.spotify.com/album/2VNibmVxhHNUOjLACilnqT) (w Bun B, Conway the Machine, Trae tha Truth, 38 Spesh, Act & Mummz) [LordMobb]\n- [YUNGMORPHEUS - From Whence It Came](https://music.apple.com/us/album/from-whence-it-came/1670167302) (w Fly Anakin, MED, Ahwlee, lojii + more) [Indie Rap, Lex]\n- [CRIMEAPPLE - Ydfwc?3](https://music.apple.com/us/album/ydfwc-3/1682515002) (w Daniel Son) [East Coast Rap]\n- [Mickey Diamond & Oh Jay- Smoke Face](https://music.apple.com/ca/album/smoke-face/1684183499) [Lyrical Hip Hop, De Rap Winkel]\n- [Yung Senju - Blackman Wunderlan](https://music.apple.com/us/album/blackman-wunderlan/1683800415) [Rap, ATL]\n- [Kflex - Rich Nightmares Vol. 2: Insomnia](https://open.spotify.com/album/5iIVTFZ9j6nUCexNxstia1) [Bay Area Trap, Thizzler]\n- [Austin Fox 狐 – Moonleaves](https://open.spotify.com/album/7D1KVrYAWjmBHDF0Oo0vlT) (w Niontay + more) [Rap]\n- [Dollar Bill Y'All - Spring Records And The First Decade Of Hip Hop](https://open.spotify.com/album/74HQPIuT9nFS4MWy3b94PU) [Compilation, Ace]\n\n#Deluxe\n\n- [BigXthaPlug - AMAR](https://open.spotify.com/album/3NMpB1bl2kVyZSqMUN9F3I) [Trap, Texas]\n- [Kota the Friend & Statik Selektah - To See a Sunset](https://open.spotify.com/album/43DmATz8B7QzovFhSmNZGW) (w Blu, Cozz, Termanology + more) [Boom Bap, Venice]\n- [Dave East - Book of David](https://open.spotify.com/album/3aNQkHJ91AryDozr0STcqO) (w Styles P, B-Real, Berner + more) [NY Rap, FTD]\n- [FKi 1st & Sleeping With Shoes On - Sleeping With Shoes On](https://open.spotify.com/album/43UvYB5aiImHRY0ebyC32y) [Beat Tape]\n- [Allstar JR - Organized Crime 2](https://open.spotify.com/album/1CvcxeXv6K3AqDSmOqnvRs) [Michigan Trap]\n\n#EPs\n\n- [Jay Wheeler (🇵🇷) - Emonciones 1.5](https://open.spotify.com/album/1iggkqIrsfiO7RtEFGcaGr) [Latin R&B, Linked/Dynamic/EMPIRE]\n- [SL (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - Turbulence](https://open.spotify.com/album/46sUyBzswdVzGjveaAnU18) (w KILLY & 1.Cuz) [UK Rap, Mic Cheque]\n- [DELLAFUENTE (🇪🇸)- Lágrimas pa otro día](https://open.spotify.com/album/3cPRpK8yUQV5T6QTt7XGfp) [Latin Rap]\n- [Amaria - All For You](https://open.spotify.com/album/6VpIFMps1Uha73gk1c50sJ) (w DESTIN CONRAD, PHABO & Amabar Navran) [R&B, Fashionably Early]\n- [Zlatan (🇳🇬) - Omo Ologo](https://open.spotify.com/album/74BlJC2C7ifL7mgPCRFpKN) [Afrobeats, ONErpm]\n- [Chuuwee & Heather Grey - Mixtape](https://open.spotify.com/album/5Kn7LiMYWBmV7WdaJiLmEw) [Pop Rap]\n- [Joeyy & Marlon DuBois - MIRY](https://open.spotify.com/album/2p22kQF628y291hnwRCVo6) [Rap]\n- [Lil Bean - PIANO PARTY EP](https://music.apple.com/us/album/piano-party-ep/1680056918) (w 22nd Jim, ZayBang & ØHENRY) [Bay Area Trap, EMPIRE]\n- [Trademark da Skydiver & Young Roddy - Crown Jewel](https://open.spotify.com/album/7vnXvf2M6dVXXQaFAYIejT) [Weed Rap]\n- [C.S. Armstrong - The Southwestern Love Songs](https://open.spotify.com/album/5bEzUVfVCPMcVI1WQ4iMyM) [R&B]\n- [Isaac Zale - No Label No Budget: Season 2](https://open.spotify.com/album/2ePeXoHaADW89x5nCWB2cj)\n- [Tha God Fahim & Mike Shabb - Dump Gawd: Rhyme Pays](https://thagodfahim.bandcamp.com/album/dump-gawd-rhyme-pays) [Rap]\n- [KAM-BU (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - BUILT 2 LAST](https://open.spotify.com/album/33UWZn8wbH0gw7dChc46gx) [UK Rap, Believe]\n- [Doggystyleeee - Pedigree](https://open.spotify.com/album/4MjlfEpQOZC5ZU6Tc3xWK6) [West Coast Rap]\n- [Tuamie - Cordyceps](https://tuamie.com/album/cordyceps) [Beat Tape]\n- [D Power Diesle - Graphene, Vol. 3](https://open.spotify.com/album/0Kh3SCaiBBr98lT9on49r7)\n- [Armani Jordan - THE SWORD IS MY SHEPHERD](https://open.spotify.com/album/2EnvvaggnpVoH2NNGlCmiN) [Hip Hop]\n- [Hell Rell - The Golden Triangle 3](https://music.apple.com/us/album/the-golden-triangle-3/1684840547) (w JR Writer + more) [NY Rap, Dipset Affiliate]\n- [FaceBrooklyn (🇨🇱) - caricias](https://open.spotify.com/album/4moORTmO8H3lVHVrAi2RJ5) [Latin Rap, Don't Fuck Around]\n\n#Singles (Unsorted)\n\n OneShotAce & Benny the Butcher - Mixed Fumes\n* Juelz Santana - Light Work (feat. NY Carter & Tyshawn Dion)\n* RicherThanRoddy - Diamond Boyz (feat. Sett)\n* Dayy Finesse - No Conversation (feat. OhGeesy)\n* Jay Worthy & IAMNOBODI - 10 G's\n* Gloss Up & Sexyy Red - Check\n* Dama & Rome Fortune - Bon Voyage\n* LADY SB & Lex Luger - Baddest Alive\n* Skepta & Jammer - Mas Murder\n* Big Freedia - $100 Bill (feat. Ciara)\n* Azizi Gibson - Vibrant\n* HVN - MESSY\n* Zack Villere - Dubble Bubble (feat. 454)\n* Stari Lofipunk & DJ Muggs - Paradise\n* Planet Asia & 38 Spesh - Inertia\n* Grafh & Statik Selektah - Ra Ra\n* Lando Soars & Innanet James - Incentivized\n* Sharc & Pi'erre Bourne - Sicario\n* Woodie Smalls - Black Tinted Windows\n* Pote Baby - Hallelujah\n* The FaNaTiX - Rev It (feat. Sylo G & BackRoad Gee)\n* Darci - Dust on Roads (feat. Jazz Cartier)\n* Benjamin A.D & Kojey Radical - Losing\n* Alicia Rence - Feel Real\n* Sam Truth & Baro Sura - Rainbow Mind\n* Boosie Badazz - Rocketman (Remix) [feat. Jeezy & Kodak Black]\n* Wynne - Jaw Morant\n* Emotional Oranges - Justified\n* Nach - Yo No\n* Lando Chill - Chamber\n* KP SPYWALKA - Alotta Rack$\n* Neutro Shorty & Chucky73 - Ballin'\n* Jerry Logo - Wash! (feat. Adekunle Gold)\n* Slum Village & The Dramatics - Just Like You (feat. Larry June)\n* Michael Christmas - Solid as a Rock\n* glaive - as if\n* Soufside Soul - All I Need (feat. Trenchrunner Poodie)\n* Teezo Touchdown - 5 O'Clock\n* Jae Ghost & Che Noir - You're Welcome\n* Mitchelani - RUSH (feat. Hotboy Wes)\n* Beastly & BBKnight - Chanel\n* Riff Raff & Wiz Khalifa - I Want a Ferrari\n* Kosha Dillz & Camoflauge Monk - Taxes Done\n* JasonMartin & Harry Fraud - Family Tree (feat. Problem)\n* Lil Gotit - Feelin' Myself\n* Ace - Navy Fed (feat. AK Bandamont)\n* YGTUT & Starlito - Diamonds in the Rough\n* City Morgue - Skull & Bones 322\n* Tommy Gold - DO OR DIE\n* Whoppa Wit Da Choppa - Off the Top (feat. SCY Jimm)\n* Tafia & BIG30 - Monster\n* Mr. Lewis & Smoova - Live Life (Remix) [feat. Busta Rhymes & Dave East]\n* Elaquent & Killah Trakz\n* Hunndunn - All Alone (feat. Greentea Peng)\n* Louie Ray - I'm Getting Hotter\n* Miguel - Give It To Me\n* Machine Gun Kelly & Cordae - Doja Freestyle\n Just Juice, Logic & Trippie Redd - Sweeter Scars \n* Rich The Kid - Still Movin’ (feat. Jay Critch & Fivio Foreign)\n* Central Cee - Energy (Remix) [feat. Latto]\n* Russ - Nasty (Alternative Version)\n* Kali - Area Codes (718 Remix) [feat. Kenzo B]\n* Keemo Bankz & Central Cee - Love Story\n* Rico Nasty & 100 gecs - Turn It Up\n* Lupe Fiasco - SentRock \n* LUCKI - Leave Her\n* Conway The Machine - Chosen (feat. Jae Skeese)\n* Set Da Trend - Neva That (feat. Dougie B, Yagi B & Mhady2Hottie)\n* Sam1Kayy - Landed (feat. Trapland Pat)\n* Mez - Dem Dead\n* SoloJetBrown - Joy an Pain (feat. Massive, Al Jones & Fat Ray)\n* Bohemian Lonely - THERE IT GO! (feat. Jelani Imani & Tahj Keeton)\n* killkiyoshi - Speak Up!\n* Iam Astro, Natax Beat & DJ Quik - I Got a Baddy (Capicua)\n* Kadeem Tyrell & James Vickery - Since You've Been Gone\n* Public Goods, Joël, Rowlene & FrancisGotHeat - Inside\n* FUGAZZIFLO - I Hope (feat. DEEZYTHESUPER)\n* Joell - Pretty pretty\n* FATHERDUDE - When the Other Shoe Drops (feat. Brasstracks)\n* Bear1Boss - One More Chance\n* Your Old Droog - Venture Capitalist\n* Vice Wolf & Drego - Go\n* BOJ & Ayra Starr - Line of Fire\n* Lil Mariko - Hi, I'm a Slut (Full Tac Remix) [feat. ppcocaine]\n* The Szns & Aaron May - Leave\n* Saib & FloFilz - On & On (feat. Lord Apex)\n* Butch Dawson - Stop Shop\n* Twit One - Up High (feat. C.Tappin)\n* Blasian Baddie & Kwengface - 4 X 4\n* John Beezy - Tattoo (feat. LilCJ Kasino)\n* Kabuto - PTSD (feat. Novelist & SusTrapperRazzi)\n* Mason Chase - Soakin' (feat. Vae Vanilla)\n* Black C & Larry June - What's Hat'nin (DJ Idea Mix)\n* Masta Ace & Marco Polo - Certified (feat. Coast Contra)\n* Raymen - Young & Rich (feat. Zac Savage)\n* femdot. - Bobby Portis\n* Curtis Roach & Illingsworth - 007 wit the Afro\n* Thundercat & Tame Impala - No More Lies\n* Quay Dash - Tears I Cry\n* Biggs Bank - Pissed Off (feat. RMC Mike)\n* Saviii the 3rd - Been That (feat. Kalan.FrFr.)\n* Akeem Ali - I Ain't Yo Nigga\n* Devlin & Chip - Don't Try It\n* Chip - Tekky (feat. Krept, Frisco & K-Trap)\n* P Money & Whiney - Keep Your Distance\n* T-Jones - D'2 the East (feat. BigXthaPlug)\n* Heavy Lighta - Shake a Block (feat. 7xvethegenius)\n* Deema - Cat Food\n* Skeebo - Up Now (feat. Allstar JR)\n* NoCap - Head Doctor\n* Quavo - Guilty\n* Kool Keith – Black Elvis 2 (Intro)\n* $krrt Cobain, Dirty Sanchez 47 & Feio - Path 247\n* Yuno Miles - Indiana Jones / Textin Me (feat. Yuno Marr)\n* X-Raided - Feel The Roar ( Sacramento King's Anthem)\n* Niko Is feat. Hus Kingpin – Lil Ze\n* Marv Won & Ugly Tony - Ya Future\n* redveil - 4 FOR 4 FREESTYLE\n Che Lingo and League of Legends - Rules (Are Meant to Break) \n* Dizzy Wright - When The Hate Come\n* Pitbull & Lil Jon - JUMPIN\n\n---\n\n\\* means not on Apple Music or Spotify\n\nSorted by Spotify Monthly Listeners\n\n---\n\n##[Old Drop Watches](https://www.reddit.com/r/hiphopheads/search?q=%22drop+watch%22+-%22JQBX%22&restrict_sr=on&include_over_18=on&sort=new&t=all)\n\n##[Full Calendar](https://redd.it/101h66v)", 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/', '131h0ke', [['u/bleacchy', 16, '2023-04-28 06:22', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji0jshp/', 'city morgue dropped a single.', '131h0ke'], ['u/GaBBrr', 15, '2023-04-28 07:10', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji0ob9v/', 'Yuno Miles 💀💀', '131h0ke'], ['u/TheGraduation', 21, '2023-04-28 11:13', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji167wp/', "You're in it", '131h0ke'], ['u/_TheVoski_', 35, '2023-04-28 13:03', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji1eqlo/', 'Pitbull featuring Lil Jon? High school class of 2004 is eating!', '131h0ke'], ['u/DropWatcher', 14, '2023-04-28 17:42', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji2f02u/', 'done, not gonna sort the songs by monthly listeners that got stuff to do\n\ntony shhnow did end up dropping but the Drakeo/BlueBucksClan album was released and then unreleased.\n\n[these are my pick-ups](https://imgur.com/a/F0od90r), so far have listened to Indigo de Souza (great, heavier/grungier moments reminds me of the Black Belt Eagle Scout album from earlier this year), Beach House (great), Baby Rose (decent), Harrison (good, very smooth and jazzy), and currently listening to Rafa Pabön (pretty good so far!)', '131h0ke']]], ['u/DressUpFighterOnline', 'Confirmations on the April 27th ExStream', 32, '2023-04-28 06:34', 'https://www.reddit.com/r/DFO/comments/131hlxe/confirmations_on_the_april_27th_exstream/', "# Content\n\n* No new contents.\n\n# Events\n\n* [Surprise Safe Amplification Support!](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyDC37biE3l_gZuGYv1oSVMmPNu0fTdG2C0MjXCqUF0l_Xmb5GRg9gy3_JmD5UDlS695j_PrlZFQtRQk1ZuXrqUDzsXJA0CErLUKUvshFAVMK4K1Oz5_QNNTDnScJPTefihsHvwu84VlSq86Z_HGp7z5KAfLEuhCrnWr1SnwNOX731dPwXCdxDeLms/s480/ApplicationFrameHost_kn9OTRxCog.png) \\- Increase your success chance for 2 weeks. 100% chance up to +7. [\\+10% bonus](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoSpdrL6w5H0rxsS92mBwN5JdHis2k6GYjE3ROGLpY-UbCVQuosYF13HCEpdbqDWbIhJXPJ8ueUR2Qa-3N8oOcAmfaPSMu6jenQALsfKHBSo-I1JgllghUe7c3hKmbOAM1qOSDjIwFhYhastFVbx9NMr6grDfmw-H6xNo0quLn9c7QdbhnRkTZPjYw/s291/ApplicationFrameHost_KOKaY431Sj.png) after that. You can also buy [Radiant Harmonious Crystal](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv8sP6TCtP87BFKwj6MerglRmETi9HQQZl5zNTHvo1YPj4FqU972golMu57D7E_nRxMQlwqKEqopxSSGiXgtYGy4uwoKxOexfjdiU6rduG5HJXaiQKiGpT3lnRIPQpIsedKWRJU_gVm1nO6BcZV2t-YKbkQnAisUmDR0nwNtcWKZPy3TuA2hxj5r-D/s223/ApplicationFrameHost_tTdXZok724.png) with clear cube fragments.\n* [One Step Closer Every Day](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBTtQDPuLGO7fynAC_7YeUp3BzJz7YzBl6LUQFJIHcoY9RZpG_OZg_YVrz-5SLa1spvSceWPkuc33M7oe1kVyTEPSeGFNQIEefJasy5K_MEfdNj68PMLHPREM1YcSKz82EStaj9ljk4W-5oc29jleCLuStscN-MmAsRD6bz5N4A3la-5iwcygf6uYd/s725/ApplicationFrameHost_BMcaOEUQs0.png) \\- Each day, you can select one of 4 missions to get [rewards](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHLoQL03CdFhuUfjfXKFyfVv_zH-kOSdP1f-asrxG2iCoFDlYad8sgsLziHQbE9hMqhUkmSwbtsDk60t1K8jmIkVOEF6y95nXOzxgj_ZfAZyXXRGn1xh-feWFyX_mtCoNdxLjcnRsLgqeIhDHOsCdIbWYyQwWsCDr6CP4ko1PSlplu0cByswkYA3O4/s985/GWDqTCA9h4.png). You can get more [rewards](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoLf5cwn0d4-nbqaj-9rmdhFuOk_SAr5qUdLiAlBOwqxThZnAPEP0H7f6c_ruLZRSUuf19lGre4O_qtroG6zKY90DdtcO3SB04cZYag_3Phao_i8to-TuTwOLjoxMknFmwCgDuJTsKfMWblEEAZtiWlCAYyGQizrm4zrH4xyY8eT5M5PDjcSU38qFQ/s993/9WWf7b3WZq.png) by completing cumulated missions.\n\n# Sales\n\n* [It's Amp or Never!](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs9fQZYDT5Oxd3z-DlQ7BNcNHxfqaZZgwOUlL3NuzEfAKsd25sVlDYTYgWSpFggTAi64-bxkBzA43s6iJ4XPjfwCmua6ziWKnvYI9mpRjt-tFFBCLL_iia0Mn8th-7V9vB0GDwbXE3a8q5Fdz_UDSgJPFfMeL-rvxV-9ae1RqU75P4-hHEDpc6JD8i/s824/ApplicationFrameHost_0v8LTCh7ny.png) package.\n\n# Others\n\n* Here are some [quiz questions](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrFaZKTxKO_juNvlRIWGGS0BDWRtByIj1YxuzD08OCa8w9L0WrV6EKxNMXWxG12lkpkDNFyglFS_5BaZQF1_cR0ra_qqcWgNAxG0Zb3mMvNgYgYmLLfJ4aNt3GBGjY8xAItuZs2uyzw7XjgnJsHbrpEu8KQQKqwHaSGoSaOL5bmNirLN4FDfMT6PzP/s3995/T4JCpsdvLw.jpg) from today's stream\n* We will have our CC's [artworks](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix9Ln_O4m1BAvKbP8iF-b3RI4ruI92YRDQpiZWSm1Ko7ml4tn70ICxVH9fTiyG8Zp22DKsSkd4_wjHw_n3NoYyaF6N_7trWnOPz4Cyr6sCXheDdli5x8sn4-Dt-kcGtH4fS3bQV75vy833H6i6f3fKQrKo7yFH66mLC353G3N7wOCyKmPlQMXpCV9R/s2665/S8nHI5YId6.jpg) as official in-game loading screen\n* [The Neo: Awakened Ones Package](https://www.dfoneople.com/news/notices/3390/Notice-Regarding-Sales-Period-of-The-Neo-Awakened-Ones-Package?page=1)\xa0sale period extended \n\n* [Master of The Bakal Raid](https://www.dfoneople.com/news/events/3358/Master-of-The-Bakal-Raid?page=1) event still going\n\n# Special Interviews\n\n* [Halfmango](https://www.reddit.com/user/halfmango08) made a special appearance during today's interview\n * [How you got into this (lore)?](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbC09iJe7cDC4GkZ9-48TAix1hWUxX5L9wd0LgJ1VV53whQ3RXvrQXFW0P55KOMS_bPL40DVfgBUNL6AeojNBeumM5cvIE28PLD4VdF9Z7T-wjX2ILBGlis9Ek_4Cruqsk2ASzC7CNotwTe-raQICVXo5DmmcPEIYuwH6yRszoT5xAw8gNU2WElbCY/s1338/ApplicationFrameHost_iP9xMVdA6H.png)\n * I'm a nerd and one of the few that play the game for its story. I find the world of DFO is cultivating\n * When did you start playing DFO\n * Back in June 2016. I didn't get a chance to play the Nexon Era though\n * Why did you pick Male Nen Master\n * First start as Battle Mage because I usually like magic based class. Then I moved to Male Nen.\n * What's your major content creation?\n * Story and Lore summary. There're people that love lore like I do and there are people that just don't have time to read all the information, so I like to present those stories.\n * They proceeded to briefly talk about [Apostle Spotlight: Bakal](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhD3rCmvomIZjIxtY6UeMIo4zDVIcEtU2Ib6zpK0LKE6FdavLVkJ2m3q5zOvxdw1AfMDNNPkI-8JMWWb8ptgm0nGjIfJ5l1XaUMuKiGYuvUalRcrCxMomHC2xIiXHAxGkOoBGO46s4f28Jap3Ol3z2eFZYQrR6vbFgcZInwwPm9Z174u3Xi9LQ-LxA8/s1328/ApplicationFrameHost_JdErhpZmGr.png)\n * They then did a poll about the best [Dragonoid Waifu](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhVulu57q6ObMCxZxid0NXoe4-rRPmWlehOdDKEh3y07CdrhpaTrygZ8ojZYX042aZAqSgToR63MXdR6TcSWj6uj1tOKWvQVablw6m5hqmH25y4c0KvqfyrAotrNAHv0MTySQZTXHE_Kf2dUN4m9_hW0CJVEQg72N_6mHB56Z-03C7sVkFsxhMGn0Y/s1327/ApplicationFrameHost_2xJJBAIg6C.jpg). Here's the [result](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaegh88sTLX7TTk2NlOOPmAKdJNcNtcTSFDEIYwv9lmBEDlVQNuoZm-8GqO1Aobd1wS_OUM3DOyk27ftxdIpmPNt4FY5nOHmo5uvJXOn0x1FX34KP_SSwOOhuPGy_b2XtU3F0NEXODpCWWKM4nwS-6zrbilI9TJElQ3n1cEl2v2VeeGvfPc02lDNvN/s601/ApplicationFrameHost_hXiDvsewiA.png).\n * Halfmango's favorite is\xa0Eclair the Thunder. Her design has great color combination.\n * Duni's favorite is\xa0Wicked Dragon Nympha\n * Tigger's favorite is\xa0Gherda of the Ice\n * [What's your future plan?](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqGcSEd0mGr4prCsSyur3whoXemkXIr-FiI0CxVrIHhAseh_hTdDsaIY4ejIdkHGg4wOwa5Oh9HNCrZW9xZbeErOedLOm620vBY4V555X0CFWZRnT5x5hn07rv8eFEvcSxdYXEdg-IcMdwLj_rs5Y5tUHkYDj5UIbumGnxztOZK7D-nlKBmbif4fZS/s1328/ApplicationFrameHost_0Ze3AwFAVm.png)\n * I plan to do narrated audiobook because reading too much text can be hard so audio book is more approachable. I plan to do love storytelling sessions as well.\n * I want to do stories from DFO with emphasis on chronological and consolidated story. For example, when you start the game, you're at\xa0Grand Flores, so I'll talk about what that place is, NPC, etc.\n * Do you have any final comments?\n * Thanks for having me. Shout out to art creator\xa0[Noraly](https://www.reddit.com/user/-Noraly-). I worked with him plenty of time with providing various lore about the character for his artworks.\n* [Live Director Park Jong Min](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj16rYLL7yggpjiQBFlmYp_quztpJlb-iqxn61C9r6FrOsPuf0KWSxfWrQxZC3mUnHEtawkoVp0_NncXlvFIGirA-SFZtoG33yRl-ZpdtlCOuXn1Wr5a39UxKiQfC0zBbedtc3hMqdjXOTNr_rlH_xYQxMaW0hc2aZrQAfejP_shRK3RNTh0fhYGdt/s1332/ApplicationFrameHost_ENAk03a6TN.png) also made special surprise appearance\n * What have you been up to since we last saw you?\n * We have been busy. I have been working on the roadmap for the 2nd half of this year. I also have been doing epic road dungeon and raid on my main. I also have been practicing my English so I can communicate with you guys.\n * What's next?\n * We're repairing to release next update Archmage's Hall of Dimension. It's not a dungeon to clear by damage only and will require doing gimmicks as well. It's a hard dungeon and I have failed it before. The lore of the content is awesome.\n * Do you have any plan on releasing [Artbook](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-0Q0Dd-s8o1T-KzJQfzdWvxlzBvcsuzhB5aHb69BOJYS39BAfQPUozBaeoBlf9kpviJilRDylel1aeXhibsTzYfFo5rXkLU4QJCRVzN8Sk9Um9xvkxfk5CeapxtRV7Bnsbto7ce-cnSzApThiaiEJ6OFYVgqKYseZFm4Onak5rethu0eRnD4cPDOW/s1088/chrome_SAYxaR726m.png) for Global?\n * We have seen posts on Reddit about current DFO artbook being on sale. Unfortunately it's hard to get it here but we're looking into it.\n* [MJ](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiShpgXLGqYrj30r72K52MGOzSqpXhnd0BfVCnheec6y2kiEWYAdzdtwMcL94_28UfpmIMkAiLrC8Xo4pElwBTC8XBmrtwB_5wrI9RN4oBf3axfziJZQwVBde9dzLXchOpLQsBAToHmSDKH47IqrPeOdFhdHkra_AT_uhSXYVSScXaHzKp0MU3NVdl/s1332/ApplicationFrameHost_polea8CbRq.png) made an appearance after Live Director\n * Since around September of 2022, he took a break from the company due to heath issue. He will be taking on a new challenge on his career related to Dungeon & Fighter universe. He will still be around but is moving to another project and wanted to say farewell to DFOG. Hopefully our path will cross again. Best of luck to him.\n * To honor this, use this [code](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ0nv86KkNcCDLL9mKCAq_CujPeg0X3E8Mg_8Lv-17NzJXnkXYjUdtW5GKgv5tumFf9qc3SBGwAve3pB5kqIZE9_4yQtTPeZk9WxUuLjsnUjMjfL2Ojw58pA4YykEGz4dcaR3Rhupyv4PabrDoYOagaVR8Ng9JCM2QelCmr1kRhEkFFTYGEbRutrZr/s719/ApplicationFrameHost_tz7rryZzja.png) to redeem for MJ's transformation box. Redeem starting May 2nd for 2 weeks. One redeem per account.\n\n# Q&A\n\n* Aside from the Starter pack which we can only purchase one of, there hasn't been a dps title in a package since January 3rd.\xa0 Can we expect a higher frequency of dps titles in future packages or a monthly title available for gold?\n * We're planning on on it, but can't tell you when\n* Can you open warpath (not bakal) on wednesday & especially mondays? Would be helpful for our characters that aren't/don't do bakal raid. Monday would be especially helpful for characters who didn't get a raid in by end of sunday.\n * Bakal raid and Total War channels are combined and hard to make this happen. May consider in the future but it's a no for now\n* Can we get some kind of growth support during the current epic road event?\xa0 The weekly stuff is barely covering what a single char can farm in a day, a discount on complete growth or similar would be greatly appreciated.\n * Don't have plan for this.\n* Any chance of getting more Title and/or Creature Transfer Stones in upcoming events or packages?\n * Will talk to Dev about it.", 'https://www.reddit.com/r/DFO/comments/131hlxe/confirmations_on_the_april_27th_exstream/', '131hlxe', [['u/nunpoom', 12, '2023-04-28 08:51', 'https://www.reddit.com/r/DFO/comments/131hlxe/confirmations_on_the_april_27th_exstream/ji0we0r/', 'First amp event ever in the history of dfo? Time to tell all your whale friends to come back and ~~boom~~ amp all their gears.', '131hlxe']]], ['u/onelove7866', 'Penny and Leonard - did they just make up some of their break-ups?', 43, '2023-04-28 06:51', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/', 'I was watching the Bitcoin episode, and after Penny said she gave Zack Leonard’s laptop when they had broken up, Raj and Howard had listed different times they had broken up, such as the Saint Valentines break up and the comic con break up (in which somehow Amy was familiar with?).. \n\nThe only time we know they were broken up, was simply after the first episode of season 2, and the I love you season 3 episode.. \n\nSo are they off-screening break ups?', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/', '131hx9v', [['u/Tolnin', 52, '2023-04-28 07:01', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji0nfum/', "Yeah I was confused by that too. The only answer I can think of is yeah, they're just off screen break ups", '131hx9v'], ['u/[deleted]', 31, '2023-04-28 07:12', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji0of71/', 'Even Beverly once mentioned that they are in on again off again relationship for years', '131hx9v'], ['u/GreyDiamond735', 29, '2023-04-28 08:45', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji0vyio/', "There's so much dialogue in the show about them being on again/off again. To me it really appears like a lot of their relationship drama wasn't put into the show in any way other than those references. Which honestly I'm glad about.", '131hx9v'], ['u/Friendly_Zebra', 14, '2023-04-28 11:59', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji19fcp/', 'I’m not even sure I would call the one in the first episode of season 2 a break up, considering they only went on one date. The only real break up I can think of is the one in season 3, until they got back together in season 5. As far as I remember after this they were together until the end. \n\nThis isn’t the only time this is referenced though. In the episode where Howard writes a song for Bernadette to celebrate the anniversary of their first date, Penny asks Leonard why he never does anything for the anniversary of their first date, and he responds, “well for starters, you’ve broken up with me so many times. Which first date are we talking about?” (Or words to that effect). That always confused me.', '131hx9v']]], ['u/roastedtrade', 'Idea for displaying and reading BTC and sats more easily', 21, '2023-04-28 08:03', 'https://www.reddit.com/r/Bitcoin/comments/131j92h/idea_for_displaying_and_reading_btc_and_sats_more/', "Humans are pretty bad at looking at large numbers, it's why we use commas every 3 digits as a standard, because it helps us more easily process large numbers.\n\nTherefore, instead of exchanges, wallets, and users always displaying x.xxxxxxxx BTC or xxxxxxxx sats\n\nWe could separate the BTC from the sats, making it easier for the human brain to process at a glance.\n\nHere are some examples:\n\n0.27350000 BTC\n\n0.27 BTC & 350k sats\n\n\n\n1.06045100 BTC\n\n1.06 BTC & 45.1k sats\n\n\n\n0.70042711 BTC\n\n0.7 BTC & 42,711 sats\n\n\n\n0.01000542 BTC\n\n0.01 BTC & 542 sats", 'https://www.reddit.com/r/Bitcoin/comments/131j92h/idea_for_displaying_and_reading_btc_and_sats_more/', '131j92h', [['u/maxcoiner', 17, '2023-04-28 09:34', 'https://www.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['While I had a Creative Commons Zero PFP for some time (an Mfer) pictured here:\nI sold and inscribed it on a satoshi (a millionth of a Bitcoin) and under 100,000 inscription number (#75499). Since ordinals theory uses sequential numbers, the lower the number, the more coveted, so I sold my Mfer on Ether and used the funds to inscribe the same image with a slight modification on Bitcoin using thegamma.iomarketplace at the time.\nI could have done this because Mfers are on aCC0 licenseand that means I have the right to use the image in any way that I want because the creator of the art waived all copyright protections on the art and put it in the public domain. In fact, allMfersare CC0 so I don’t even need to own the non-fungible tokens (NFT) to be able to use any image in the entire collection. So, in theory, I could right-click and save any image in the collection and use it however I’d like. I could put one of the rarest ones on a T-shirt and sell it if I wanted.\nThe creator of Mfers (Sartoshi) did this to propagate the art into the mind space of everyone and anyone who wanted to experiment with the brand. In this small world we live in, the corner of NFTs, having your brand multiply and grow is a genius move, in my opinion. The number of derivative collections using Mfer art exploded as a result.Creyziesis the “official” derivative, but there are at least 20 more.\xa0 This is especially so if the art is simple and iconic because it gives other creative people in the space a canvas on which to use that art to build.\nOn the other hand, CryptoPunks, Bored Apes, Nakamigos, and Wonderpals have a commercial IP license which means ONLY the owner of the NFT can use the art associated with the NFT they own. They can sell items commercially or use the image to represent their brand.\nAs a CMO, I get why this is important. However, it only works for the winners in the PFP space. For every 1000 PFPs with commercial licenses on the art, maybe only 5 are recognizable, coveted, and brandable as a viable commercial opportunity with mass appeal.\nThe ones that make this top 5, even top 10, have very exciting futures. For example, Wonderpals hired a company whose strength is creating internationally appealing household name brands and here’s a screenshot of an announcement in their Discord.\nHow can that not be exciting for the NFT holder?\nThe latest Nakamigos collection went out of its way to include the CC0 native Mfer community in their mint but made it a point in their marketing to assert that commercial rights for the holder are intact.\nI’ve also seenBored Apesuse their apes commercially as well. As a coffee brand, consulting business, and even afast food franchise.\nIf the Web3 community is creating the brands that the future generation will trust and interact with, and eventually purchase from, then these silly PFPs which we thought of as a waste of time, are potentially valuable and exciting to own.\nThe PFP communities of the winning brands all of a sudden become a decentrally minded hybrid company, if they leverage and shepherd their brand the right way.\nTo me that’s exciting, and I have a feeling that others are feeling the same.\nHave a great weekend and touch grass…\nIt’s Spring and it’s glorious!\n(The writer of this commentary owns several Wonderpals and Nakamigos NFTs)', 'While I had a Creative Commons Zero PFP for some time (an Mfer) pictured here: Screenshot of Mfer NFT I sold and inscribed it on a satoshi (a millionth of a Bitcoin) and under 100,000 inscription number (#75499). Since ordinals theory uses sequential numbers, the lower the number, the more coveted, so I sold my Mfer on Ether and used the funds to inscribe the same image with a slight modification on Bitcoin using the gamma.io marketplace at the time. I could have done this because Mfers are on a CC0 license and that means I have the right to use the image in any way that I want because the creator of the art waived all copyright protections on the art and put it in the public domain. In fact, all Mfers are CC0 so I don’t even need to own the non-fungible tokens (NFT) to be able to use any image in the entire collection. So, in theory, I could right-click and save any image in the collection and use it however I’d like. I could put one of the rarest ones on a T-shirt and sell it if I wanted. The creator of Mfers (Sartoshi) did this to propagate the art into the mind space of everyone and anyone who wanted to experiment with the brand. In this small world we live in, the corner of NFTs, having your brand multiply and grow is a genius move, in my opinion. The number of derivative collections using Mfer art exploded as a result. Creyzies is the “official” derivative, but there are at least 20 more.\xa0 This is especially so if the art is simple and iconic because it gives other creative people in the space a canvas on which to use that art to build. On the other hand, CryptoPunks, Bored Apes, Nakamigos, and Wonderpals have a commercial IP license which means ONLY the owner of the NFT can use the art associated with the NFT they own. They can sell items commercially or use the image to represent their brand. As a CMO, I get why this is important. However, it only works for the winners in the PFP space. For every 1000 PFPs with commercial licenses on the art, maybe only 5 are recognizable, coveted, and brandable as a viable commercial opportunity with mass appeal. Story continues The ones that make this top 5, even top 10, have very exciting futures. For example, Wonderpals hired a company whose strength is creating internationally appealing household name brands and here’s a screenshot of an announcement in their Discord. Screenshot of announcement in at Wonderpals Discord channel. How can that not be exciting for the NFT holder? The latest Nakamigos collection went out of its way to include the CC0 native Mfer community in their mint but made it a point in their marketing to assert that commercial rights for the holder are intact. Image: Nakamigos I’ve also seen Bored Apes use their apes commercially as well. As a coffee brand, consulting business, and even a fast food franchise . If the Web3 community is creating the brands that the future generation will trust and interact with, and eventually purchase from, then these silly PFPs which we thought of as a waste of time, are potentially valuable and exciting to own. The PFP communities of the winning brands all of a sudden become a decentrally minded hybrid company, if they leverage and shepherd their brand the right way. To me that’s exciting, and I have a feeling that others are feeling the same. Have a great weekend and touch grass… It’s Spring and it’s glorious! (The writer of this commentary owns several Wonderpals and Nakamigos NFTs)', '• US stocks rose on Friday, boosted by a streak of strong earnings reports.\n• 79% of S&P 500 companies that reported earnings have beated estimates, according to FactSet.\n• Investors digested fresh bank weakness amid reports that First Republic is headed for FDIC receivership.\nUS stocks gained on Friday with the Dow Jones Industrial Average wrapping up its best month since January as first quarter earnings surprise to the upside, helping investors sidestep fresh concerns about the banking sector.\nAll three major indexes ended the day in the green, with the Dow locking in a gain of 2.5% for the month of April.\nSo far, more than half of all companies in the S&P 500 have reported their financials for the first quarter, with 79% of companies that have reported earnings beating estimates, according to data fromFactSet.\nInvestors were hit with a new bout of banking sector worries Friday as reports said that First Republic Bank is likely headed for a takeover by the Federal Deposit Insurance Corporation.First Republic shares tanked as much as 52%during the session.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,169.58, up 0.83%\n• Dow Jones Industrial Average:34,098.95, up 0.81% (272.79 points)\n• Nasdaq Composite:12,226.58, up 0.69%\nData on Friday also showed the Personal Consumption Expenditures index, the Fed\'s preferred measure of inflation, rose just 0.1% over the past month. Meanwhile, the Employment Cost Index rose 1.2% over the past quarter, a sign that inflation\'s presence is still being felt in the economy.\n"The case for another Fed rate hike next week has been solidified by today\'s Employment Cost Index and Personal Consumption Expenditure reports showing ongoing cost pressures," Lazard\'s chief market strategist Ron Temple said in a note. "Taken alongside the solid domestic demand in yesterday\'s GDP report, it\'s clear that the US economy remains resilient in the face of tightening to date, implying that the Fed\'s job is not yet complete."\nInvestors are now pricing in an 88% chance that the Fed will hike interest rates another 25 basis-points at next week\'s meeting of the Federal Open Market Committee, according to theCME FedWatch tool.\nHere\'s what else is happening:\n• This highly-watched recession indicatorsays that an economic downturn will begin this quarter, Bank of America said.\n• "Dr. Doom" economist Nouriel Roubiniwarned that a hard landing recession or entrenched inflation are the only possible outcomes for the US economy.\n• "Shark Tank" investor Kevin O\'Leary blew off concerns of de-dollarization, adding that he wouldn\'t accept the Chinese yuan in business transactions.\n• Tight housing inventory is preventing home prices from fallingfurther, Redfin said.\n• Russia\'s economy has little to offer China, and their growing trade ties are more modest than it appears, according to one analyst.\n• There are four issues that will determine the path of the global economy, top economist Mohamed El-Erian said.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 2.59% to $76.69 per barrel.Brent crude, oil\'s international benchmark, climbed 1.4% to $79.51 a barrel.\n• Goldticked down to $1,998.40 per ounce.\n• The10-year Treasury yieldfell eight basis points to 3.43%.\n• Bitcoinfell\xa0 about 1% to $29,363.\nRead the original article onBusiness Insider', 'Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters US stocks rose on Friday, boosted by a streak of strong earnings reports. 79% of S&P 500 companies that reported earnings have beated estimates, according to FactSet. Investors digested fresh bank weakness amid reports that First Republic is headed for FDIC receivership. US stocks gained on Friday with the Dow Jones Industrial Average wrapping up its best month since January as first quarter earnings surprise to the upside, helping investors sidestep fresh concerns about the banking sector. All three major indexes ended the day in the green, with the Dow locking in a gain of 2.5% for the month of April. So far, more than half of all companies in the S&P 500 have reported their financials for the first quarter, with 79% of companies that have reported earnings beating estimates, according to data from FactSet. Investors were hit with a new bout of banking sector worries Friday as reports said that First Republic Bank is likely headed for a takeover by the Federal Deposit Insurance Corporation. First Republic shares tanked as much as 52% during the session. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,169.58, up 0.83% Dow Jones Industrial Average : 34,098.95, up 0.81% (272.79 points) Nasdaq Composite : 12,226.58, up 0.69% Data on Friday also showed the Personal Consumption Expenditures index, the Fed\'s preferred measure of inflation, rose just 0.1% over the past month. Meanwhile, the Employment Cost Index rose 1.2% over the past quarter, a sign that inflation\'s presence is still being felt in the economy. "The case for another Fed rate hike next week has been solidified by today\'s Employment Cost Index and Personal Consumption Expenditure reports showing ongoing cost pressures," Lazard\'s chief market strategist Ron Temple said in a note. "Taken alongside the solid domestic demand in yesterday\'s GDP report, it\'s clear that the US economy remains resilient in the face of tightening to date, implying that the Fed\'s job is not yet complete." Story continues Investors are now pricing in an 88% chance that the Fed will hike interest rates another 25 basis-points at next week\'s meeting of the Federal Open Market Committee, according to the CME FedWatch tool . Here\'s what else is happening: This highly-watched recession indicator says that an economic downturn will begin this quarter, Bank of America said. "Dr. Doom" economist Nouriel Roubini warned that a hard landing recession or entrenched inflation are the only possible outcomes for the US economy. "Shark Tank" investor Kevin O\'Leary blew off concerns of de-dollarization , adding that he wouldn\'t accept the Chinese yuan in business transactions. Tight housing inventory is preventing home prices from falling further, Redfin said. Russia\'s economy has little to offer China , and their growing trade ties are more modest than it appears, according to one analyst. There are four issues that will determine the path of the global economy , top economist Mohamed El-Erian said. In commodities, bonds and crypto: West Texas Intermediate crude oil rose 2.59% to $76.69 per barrel. Brent crude , oil\'s international benchmark, climbed 1.4% to $79.51 a barrel. Gold ticked down to $1,998.40 per ounce. The 10-year Treasury yield fell eight basis points to 3.43%. Bitcoin fell\xa0 about 1% to $29,363. Read the original article on Business Insider', 'People on the internet love calling out baby boomers for the things they do , and let\'s just say they don\'t hold back AT ALL. NBC So, here are 17 painfully accurate tweets about things boomers say or do: P.S.: Be sure to follow these Twitter users for a funnier timeline! 1. Baby boomers think everyone else is overly sensitive: It\'s always funny to me when Boomers accuse young people of being overly sensitive "special snowflakes" who can\'t handle the real world.My dudes, we all worked in retail. We know which generation is most likely to fly off the handle over the most minor inconvenience imaginable. — Existential Comics (@existentialcoms) April 21, 2023 2. They also like disapproving of your career choices: On my way home from a bustrip to Italy with my mom. It\'s always interesting traveling with Boomers 😅 they will usually ask me what I\'ve studied/what I do for a living, and as soon as I mention being an artist, they will grimace and not ask further, and talk about their highly — 💀🐺🌱ArtofMaquenda🍄👹🩸 (@ArtOfMaquenda) April 19, 2023 3. Boomers really love giving financial advice: Sorry guys, I took the boomers’ advice and sold all my #Bitcoin . Just going to eat less avocado toast, and worship my 401k until I retire when I’m 85. — Roy⚡️ (@OrangeTruth88) March 18, 2023 4. Like, someone should seriously document this: someone please make a reality TV show where boomers apply to jobs with the wildly outdated advice they unsolicitedly give millenials/Gen Z I am begging — Allison Perry (@allisonperryart) March 13, 2023 5. Boomers love asking younger generations why they\'re always on their phone: “always on your damn phone”only boomers still believe that a phone is an object. for everyone under 40, it’s a prosthetic extension of your transcendental unity of apperception. — Ulysse Carrière (@inherent_itgirl) February 21, 2023 6. Boomers do not like therapy: Nobody needs therapy more yet refuses it more strenuously than boomers. — Jennifer Public Radio 💎 (@AmbientSynthy) February 5, 2023 Story continues 7. Boomers like pretending that today\'s cost of living is manageable: Why do boomers so confidently tell us that the cost of living is manageable because they were able to do it 40 years ago? What’s not clicking — Pistachio (@HarleyShah) January 19, 2023 8. They like adding suspense in their text messages: Why do boomers use "..." in their text messages all the time??? — Emily is writing a book (@EtheHerring) December 14, 2022 9. Seriously, they really love ellipses: boomers are right about ellipses, keeps people on their toes…what’s coming around the corner………………… — am rod (@arod_twit) April 22, 2023 10. Boomers like leaving bad reviews on Yelp for minor things: I hate it when baby boomers are like "your generation is too sensitive!". Okay, Phyllis, I\'m not the one writing 6 paragraph Yelp reviews because you didn’t like the colors of the restaurant’s chairs. — Eden Dranger (@Eden_Eats) February 1, 2023 11. They reeeallllly hate self-checkout: I hate everything the way boomers hate self check out. — natalayhehoo (@highprobably1) December 12, 2022 12. And whether it\'s a wedding or baby shower, they enjoy buying things you didn\'t ask for on the registry: Boomers have a truly astounding capacity for sending useless, polyester, off-registry “gifts” to the parents of a newborn. I am absolutely taken aback at what has arrived and will continue to arrive at my house. — Jo (@junker_jo) April 19, 2023 13. Boomers really like not caring about what happens to future generations: Boomers are so smug with their “I’ll be dead so it doesn’t matter” rhetoric like it makes me want to steal their social security money — Mr. Flintstone🍆 (@sagistarbb) March 10, 2023 14. Boomers like complaining to their kids: Boomers will complain to their Millennial kids—most of whom own nothing and exist to service their debt—about how much their post-retirement healthcare costs while they sit on multiple cars and houses that they don\'t need. — 🔺remnant. (@remnantposting) March 23, 2023 15. Boomers enjoy "working hard"... Boomers love telling you to “get a real job”, then go get paid 6 figures to send 5 emails a week — tim (reboot edition) (@HydrationChimp) April 17, 2023 16. ...and telling other generations to work harder: boomers whenever millennials and gen z-ers refuses to grin and bear it, work five jobs, pinch pennies and live a life that makes them miserable, all to experience an american dream that barely existed to begin with. pic.twitter.com/uIApR2EttB — Flirt Cobain (@MAD_lines) March 26, 2023 17. And finally, they enjoy asking for help...and then giving advice: yesterday at work a boomer asked me a somewhat involved reference question; as I was searching for the answer (apparently not quickly enough), he helpfully suggested "you know I see some people ask things into their phones, maybe you could try that." thanks man. pic.twitter.com/NGdNaXzaQk — St. Vincent Price (@muddaub) April 8, 2023 OOF. What are some other oddly specific things baby boomers do? Let us know in the comments below.', 'People on the internet love calling out baby boomers for the things they do , and let\'s just say they don\'t hold back AT ALL. NBC So, here are 17 painfully accurate tweets about things boomers say or do: P.S.: Be sure to follow these Twitter users for a funnier timeline! 1. Baby boomers think everyone else is overly sensitive: It\'s always funny to me when Boomers accuse young people of being overly sensitive "special snowflakes" who can\'t handle the real world.My dudes, we all worked in retail. We know which generation is most likely to fly off the handle over the most minor inconvenience imaginable. — Existential Comics (@existentialcoms) April 21, 2023 2. They also like disapproving of your career choices: On my way home from a bustrip to Italy with my mom. It\'s always interesting traveling with Boomers 😅 they will usually ask me what I\'ve studied/what I do for a living, and as soon as I mention being an artist, they will grimace and not ask further, and talk about their highly — 💀🐺🌱ArtofMaquenda🍄👹🩸 (@ArtOfMaquenda) April 19, 2023 3. Boomers really love giving financial advice: Sorry guys, I took the boomers’ advice and sold all my #Bitcoin . Just going to eat less avocado toast, and worship my 401k until I retire when I’m 85. — Roy⚡️ (@OrangeTruth88) March 18, 2023 4. Like, someone should seriously document this: someone please make a reality TV show where boomers apply to jobs with the wildly outdated advice they unsolicitedly give millenials/Gen Z I am begging — Allison Perry (@allisonperryart) March 13, 2023 5. Boomers love asking younger generations why they\'re always on their phone: “always on your damn phone”only boomers still believe that a phone is an object. for everyone under 40, it’s a prosthetic extension of your transcendental unity of apperception. — Ulysse Carrière (@inherent_itgirl) February 21, 2023 6. Boomers do not like therapy: Nobody needs therapy more yet refuses it more strenuously than boomers. — Jennifer Public Radio 💎 (@AmbientSynthy) February 5, 2023 Story continues 7. Boomers like pretending that today\'s cost of living is manageable: Why do boomers so confidently tell us that the cost of living is manageable because they were able to do it 40 years ago? What’s not clicking — Pistachio (@HarleyShah) January 19, 2023 8. They like adding suspense in their text messages: Why do boomers use "..." in their text messages all the time??? — Emily is writing a book (@EtheHerring) December 14, 2022 9. Seriously, they really love ellipses: boomers are right about ellipses, keeps people on their toes…what’s coming around the corner………………… — am rod (@arod_twit) April 22, 2023 10. Boomers like leaving bad reviews on Yelp for minor things: I hate it when baby boomers are like "your generation is too sensitive!". Okay, Phyllis, I\'m not the one writing 6 paragraph Yelp reviews because you didn’t like the colors of the restaurant’s chairs. — Eden Dranger (@Eden_Eats) February 1, 2023 11. They reeeallllly hate self-checkout: I hate everything the way boomers hate self check out. — natalayhehoo (@highprobably1) December 12, 2022 12. And whether it\'s a wedding or baby shower, they enjoy buying things you didn\'t ask for on the registry: Boomers have a truly astounding capacity for sending useless, polyester, off-registry “gifts” to the parents of a newborn. I am absolutely taken aback at what has arrived and will continue to arrive at my house. — Jo (@junker_jo) April 19, 2023 13. Boomers really like not caring about what happens to future generations: Boomers are so smug with their “I’ll be dead so it doesn’t matter” rhetoric like it makes me want to steal their social security money — Mr. Flintstone🍆 (@sagistarbb) March 10, 2023 14. Boomers like complaining to their kids: Boomers will complain to their Millennial kids—most of whom own nothing and exist to service their debt—about how much their post-retirement healthcare costs while they sit on multiple cars and houses that they don\'t need. — 🔺remnant. (@remnantposting) March 23, 2023 15. Boomers enjoy "working hard"... Boomers love telling you to “get a real job”, then go get paid 6 figures to send 5 emails a week — tim (reboot edition) (@HydrationChimp) April 17, 2023 16. ...and telling other generations to work harder: boomers whenever millennials and gen z-ers refuses to grin and bear it, work five jobs, pinch pennies and live a life that makes them miserable, all to experience an american dream that barely existed to begin with. pic.twitter.com/uIApR2EttB — Flirt Cobain (@MAD_lines) March 26, 2023 17. And finally, they enjoy asking for help...and then giving advice: yesterday at work a boomer asked me a somewhat involved reference question; as I was searching for the answer (apparently not quickly enough), he helpfully suggested "you know I see some people ask things into their phones, maybe you could try that." thanks man. pic.twitter.com/NGdNaXzaQk — St. Vincent Price (@muddaub) April 8, 2023 OOF. What are some other oddly specific things baby boomers do? Let us know in the comments below.', "Toronto, Ontario--(Newsfile Corp. - April 29, 2023) - Developed by the PHL Foundation Inc., Philcoin aims to tackle the digital inequality experienced by nearly three billion unconnected individuals worldwide by providing secure, low-bandwidth connectivity to everyday Web3 services, including social media, commerce, education, and entertainment. Philcoin X BitForex To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8840/163827_fc2ee7baf4b7caab_001full.jpg According to the State of Mobile Internet Connectivity 2021 report, hundreds of millions of people remain unaware of the Internet's existence, emphasizing the need for increased awareness campaigns and outreach efforts. Philcoin's charitable mission is to create a worldwide system where individuals with limited internet connectivity can access better connectivity and bandwidth through optimized low-bandwidth digital platforms, enabling multimedia communication and commerce. The Philcoin ecosystem comprises eight main components: Philcoin, PHILChat , PHILEducation, PHILStream, PHILGaming, PHILSocial, PHILCast & PHILEarn. Philcoin, the native cryptocurrency, is used for transactions within the ecosystem and can be traded on various cryptocurrency exchanges. Of their main products and features; PHILSocial is a super social app where users can post media, create their own causes to raise funds or give back; PHILEducation is an education platform that provides US-accredited soft-skills training courses; and PHILEarn is where users can stake their Philcoin tokens and earn up to 15% APY and earn NFT rewards for referrals. To be part of the Philcoin community, users can download PHILApp from the App or Google Play stores , create their wallet and enjoy the numerous products and features available. About PHL Foundation Inc. Philcoin is an ecosystem built on the principles of Bitcoin – to change the way giving happens. It is committed to solving real-world problems through its give-and-earn ecosystem. At the heart of Philcoin is PHILApp, a super dApp that helps grow people and communities. While users chat, connect on social media, learn, listen to music, play games, and more, they can earn and give back at the same time. Story continues Philcoin (PHL) trading opened on BitForex on 25th, 2023. This is a huge development in the Philcoin ecosystem regarding adoption, as BitForex hosts thousands of daily traders on its platform. The token listings are made by a careful scrutiny process so that the investors get a safe trading experience. For more information about Philcoin, please visit https://philcoin.io/ Contact: Name : Tatum April Email: [email protected] Address: Concord Tower - 3005. Media City. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163827", "Toronto, Ontario--(Newsfile Corp. - April 29, 2023) - Developed by the PHL Foundation Inc., Philcoin aims to tackle the digital inequality experienced by nearly three billion unconnected individuals worldwide by providing secure, low-bandwidth connectivity to everyday Web3 services, including social media, commerce, education, and entertainment. Philcoin X BitForex To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8840/163827_fc2ee7baf4b7caab_001full.jpg According to the State of Mobile Internet Connectivity 2021 report, hundreds of millions of people remain unaware of the Internet's existence, emphasizing the need for increased awareness campaigns and outreach efforts. Philcoin's charitable mission is to create a worldwide system where individuals with limited internet connectivity can access better connectivity and bandwidth through optimized low-bandwidth digital platforms, enabling multimedia communication and commerce. The Philcoin ecosystem comprises eight main components: Philcoin, PHILChat , PHILEducation, PHILStream, PHILGaming, PHILSocial, PHILCast & PHILEarn. Philcoin, the native cryptocurrency, is used for transactions within the ecosystem and can be traded on various cryptocurrency exchanges. Of their main products and features; PHILSocial is a super social app where users can post media, create their own causes to raise funds or give back; PHILEducation is an education platform that provides US-accredited soft-skills training courses; and PHILEarn is where users can stake their Philcoin tokens and earn up to 15% APY and earn NFT rewards for referrals. To be part of the Philcoin community, users can download PHILApp from the App or Google Play stores , create their wallet and enjoy the numerous products and features available. About PHL Foundation Inc. Philcoin is an ecosystem built on the principles of Bitcoin – to change the way giving happens. It is committed to solving real-world problems through its give-and-earn ecosystem. At the heart of Philcoin is PHILApp, a super dApp that helps grow people and communities. While users chat, connect on social media, learn, listen to music, play games, and more, they can earn and give back at the same time. Story continues Philcoin (PHL) trading opened on BitForex on 25th, 2023. This is a huge development in the Philcoin ecosystem regarding adoption, as BitForex hosts thousands of daily traders on its platform. The token listings are made by a careful scrutiny process so that the investors get a safe trading experience. For more information about Philcoin, please visit https://philcoin.io/ Contact: Name : Tatum April Email: [email protected] Address: Concord Tower - 3005. Media City. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163827", 'Bitcoin. Photo by Getty Images Bitcoin could climb by $20,000 if a US default happens, Standard Chartered\'s Geoff Kendrick said. Not every crypto would act similarly, with some behaving more like equities, he told Insider. "So actually, the optimal trade would probably be long bitcoin, short ethereum." With the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery. But while some investors are fearful of a historic default, one asset could potentially rise through such a situation: Bitcoin . Describing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels. He told Insider that\'s because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset. But Kendrick doesn\'t think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated. And not every cryptocurrency would follow bitcoin\'s behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default. "So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this,"\xa0Kendrick said. If Congress fails to lift the $31.4 trillion federal debt limit, a default could come sometime in the summer \x97 an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warned a default would be catastrophic for the US economy , sparking mass unemployment, payment failures, and higher rates "into perpetuity." Story continues With House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potential default date . Meanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle. But bitcoin has rallied nearly 80% so far in 2023 and recently neared $30,000 as First Republic Bank\'s woes reignited fears over the financial sector. For his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that it could surge to $100,000 by the end of 2024 due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn\'t mention the risk of a US default. "While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote. Read the original article on Business Insider', '• Bitcoin could climb by $20,000 if a US default happens, Standard Chartered\'s Geoff Kendrick said.\n• Not every crypto would act similarly, with some behaving more like equities, he told Insider.\n• "So actually, the optimal trade would probably be long bitcoin, short ethereum."\nWith the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery.\nBut while some investors are fearful of a historic default, one asset could potentially rise through such a situation:Bitcoin.\nDescribing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels.\nHe told Insider that\'s because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset.\nBut Kendrick doesn\'t think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated.\nAnd not every cryptocurrency would follow bitcoin\'s behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default.\n"So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this,"\xa0Kendrick said.\nIf Congress fails to lift the $31.4 trillion federal debt limit, adefault could come sometime in the summer— an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warneda default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and higher rates "into perpetuity."\nWith House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potentialdefault date.\nMeanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle.\nBut bitcoin has rallied nearly 80% so far in 2023 andrecently neared $30,000as First Republic Bank\'s woes reignited fears over the financial sector.\nFor his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that itcould surge to $100,000 by the end of 2024due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn\'t mention the risk of a US default.\n"While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote.\nRead the original article onBusiness Insider', '• Bitcoin could climb by $20,000 if a US default happens, Standard Chartered\'s Geoff Kendrick said.\n• Not every crypto would act similarly, with some behaving more like equities, he told Insider.\n• "So actually, the optimal trade would probably be long bitcoin, short ethereum."\nWith the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery.\nBut while some investors are fearful of a historic default, one asset could potentially rise through such a situation:Bitcoin.\nDescribing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels.\nHe told Insider that\'s because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset.\nBut Kendrick doesn\'t think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated.\nAnd not every cryptocurrency would follow bitcoin\'s behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default.\n"So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this,"\xa0Kendrick said.\nIf Congress fails to lift the $31.4 trillion federal debt limit, adefault could come sometime in the summer— an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warneda default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and higher rates "into perpetuity."\nWith House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potentialdefault date.\nMeanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle.\nBut bitcoin has rallied nearly 80% so far in 2023 andrecently neared $30,000as First Republic Bank\'s woes reignited fears over the financial sector.\nFor his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that itcould surge to $100,000 by the end of 2024due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn\'t mention the risk of a US default.\n"While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote.\nRead the original article onBusiness Insider', 'Apr. 29—Jeremy Koski, 44, of Hawaii and Washington, is facing charges of wire fraud and money laundering after he received loans authorized by Congress in the Coronavirus Aid, Relief, and Economic Security Act.\nA homeless man who allegedly founded a diabetes nonprofit, a web company and a crypto currency mining operation to fraudulently obtain $737, 802 in Paycheck Protection Program funds and Economic Injury Disaster Loan funds made his initial appearance in federal court Friday.\nJeremy Koski, 44, of Hawaii and Washington, is facing charges of wire fraud and money laundering after he received loans authorized by Congress in the Coronavirus Aid, Relief, and Economic Security Act.\nKoski is being held at the Federal Detention Center in Honolulu ahead of a detention hearing set for Wednesday before U.S. Magistrate Judge Rom A. Trader.\nRecords indicate that Koski lived and incorporated his Hawaii business from an emergency homeless shelter on Sumner Street where he lived from Feb. 15, 2019, until March 15, 2020. Businesses he founded in Washington used the address of the "Compass Housing Alliance, a service for homeless and low-income individuals, " where he was staying, according to federal court records.\nIt is not immediately clear what Koski did with the money.\nAssistant U.S. Attorney Craig S. Nolan, who is prosecuting the case, declined comment. Assistant Federal Public Defender Sharron I. Rancourt did not immediately reply to Honolulu Star-Advertiser requests for comment.\nAccording to records kept by the Business Registration Division of the state Department of Commerce and Consumer Affairs, Koski incorporated the Michael Marcum Diabetes Campaign, a domestic nonprofit corporation, in Kapaau on Aug. 28, 2019.\nThe nonprofit is not in good standing, according to state records, and had delinquent status for the years 2020, 2021 and 2022. On May 4, 2020, Koski submitted a PPP loan application in the name of MMDC that was approved and funded.\nAccording to business records kept by the Washington secretary of state, Weblook LLC was formed by Koski in Washington on April 30, 2020. The company was deemed inactive on May 1, 2021, "and was administratively dissolved on or about September 3, 2021 by the WSOS, " according to federal court records.\nDuring the spring of 2020, Koski submitted a PPP loan application and an EIDL loan application in the name of Weblook that were approved and funded.\nKoski also created BTC Miner Inc., a crypto currency mining website, in Washington on Oct. 23, 2014.\nThe company was "administratively dissolved " on Feb. 1, 2016, and was reinstated on April 29, 2020, before finally being deemed inactive on Nov. 1, 2020, and administratively dissolved on March 3, 2021. Koski allegedly submitted an application for an EIDL loan in spring 2020 that was approved and funded.\nAccording to an affidavit authored by a special agent with the U.S. Small Business Administration, Office of Inspector General, on May 4, 2020, Koski electronically submitted a PPP loan application to an approved SBA lender in the name of MMDC asking for "$285, 502 in PPP funds, and identifying himself as the 100 % owner." He eventually received the funds.\nKoski provided a photo of his Washington driver\'s license as part of the application and allegedly represented that MMDC had 20 employees and an average monthly payroll of $114, 201, and said he needed the money to pay his workers.\nHe also allegedly answered "no " to a question of whether he had other businesses, which he would have been required by law to disclose.\nAs additional support for the PPP application, Koski allegedly "submitted documents purporting to be Internal Revenue Serv \xadice Forms 941 (Employer\'s Quarterly Federal Tax Return ) for the first, second, third, and fourth quarters of 2019 for MMDC " that listed an address on Merchant Street in Honolulu.\nThe address is actually a post office box.\nKoski allegedly signed each form claiming that MMDC had 20 employees with wages totaling $342, 603 for each quarter.\nAccording to the IRS, MMDC did not file any such forms for tax years 2019 and 2020, and the forms Koski submitted to the lender "appear to be fabricated, " according to the affidavit. Koski allegedly claimed the money was to pay "to retain workers, maintain payroll or make mortgage interest payments, lease payments and utility payments."\nOn May 18, 2020, Koski allegedly submitted a PPP loan application from an IP address in Hawaii asking for $187, 500 to support his Kirkland, Wash.-based Weblook\'s "20 employees and an average monthly payroll of $75, 000." As with the diabetes nonprofit, Koski allegedly submitted IRS forms that claimed he had "20 employees with wages totaling $342, 603 for each quarter."\nThose forms were also allegedly fake, and the IRS has no record of them.\nAfter receiving the $187, 500 in PPP funding, Koski between April 1 and June 7, 2020, allegedly submitted an EIDL application online from an IP address in Hawaii for Weblook claiming it had "five employees as of January 31, 2020, and gross income of $5, 500, 000 for the year ending January 31, 2020."\nOn June 10, 2020, Weblook got $149, 900 from the SBA after his EIDL application was approved.\nBetween May 7 and June 24, 2020, from a computer in Hawaii, Koski allegedly submitted to the SBA an EIDL application in the name of BTC Miner Inc. asking for $115, 000.\nKoski allegedly claimed BTCM had 20 employees as of Jan. 31, 2020, and gross income of $1, 500, 000 for the same year.\nThe IRS had no records related to the claims Koski made. On June 26, 2020, BTCM received $114, 900 from the SBA.\nKoski allegedly transferred the money he got for his businesses into a First Hawaiian Bank account and a Bank of the Orient account in his name.', 'The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin\'s speedy and scalable Lightning Network,released an updateto its Litd node management tool designed to make Bitcoin and Lightning easier to use.\nUsers need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a third party, a feat that isn’t easy for users who aren’t tech-savvy or don’t want to spend hours learning the ins and outs of the protocol to send a payment.\nLightning Labs manages a tool called Lightning Terminal to make managing Lightning nodes easier. Behind the scenes, Litd aims to abstract certain features of node management so users don\'t have to manage them directly, making it easier to use Lightning.\n“We\'ve heard consistent feedback from the Lightning developer community about the need for increased node management automation and better developer tooling for seamlessly onboarding new Lightning users,” Lightning Labs head of product growth Michael Levan toldDecrypt, adding that these changes will make it easier to onboard new users to the network “regardless of their experience level.”\nOne update of Litd is to "automagically" update Lightning fees. Lightning routing nodes charge small fees for relaying payments to a destination. Usually whoever is operating the Lightning node needs to manually increase or decrease the fees. But Lightning Labs came up with a new algorithm for updating these fees dynamically based on how many payments each channel is routing each week.\nAnother is the introduction of "accounts." Generally each user has one Lightning node. But the new account system allows many users to share a single Lightning node. “With accounts, developers can bring less advanced users to Lightning without the need to understand any complexity of liquidity or node management,” Levin said. “Liquidity” is a major UX hurdle facing new users; they need to first make sure a Lightning channel is open to them in order to receive funds, which requires some knowledge of how Lightning works. New users don’t want to have to deal with all this.\nThese Litd updates are part of an industry-wide effort to make Lightning easier to use for the average Joe. Earlier this month, Lightsparkunveileda suite of tools to help onboard businesses to Lightning, for instance.\n“These new features will help the Lightning developer community continue on its path to bring bitcoin to billions around the globe,” Levin said.', 'The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin\'s speedy and scalable Lightning Network,released an updateto its Litd node management tool designed to make Bitcoin and Lightning easier to use.\nUsers need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a third party, a feat that isn’t easy for users who aren’t tech-savvy or don’t want to spend hours learning the ins and outs of the protocol to send a payment.\nLightning Labs manages a tool called Lightning Terminal to make managing Lightning nodes easier. Behind the scenes, Litd aims to abstract certain features of node management so users don\'t have to manage them directly, making it easier to use Lightning.\n“We\'ve heard consistent feedback from the Lightning developer community about the need for increased node management automation and better developer tooling for seamlessly onboarding new Lightning users,” Lightning Labs head of product growth Michael Levan toldDecrypt, adding that these changes will make it easier to onboard new users to the network “regardless of their experience level.”\nOne update of Litd is to "automagically" update Lightning fees. Lightning routing nodes charge small fees for relaying payments to a destination. Usually whoever is operating the Lightning node needs to manually increase or decrease the fees. But Lightning Labs came up with a new algorithm for updating these fees dynamically based on how many payments each channel is routing each week.\nAnother is the introduction of "accounts." Generally each user has one Lightning node. But the new account system allows many users to share a single Lightning node. “With accounts, developers can bring less advanced users to Lightning without the need to understand any complexity of liquidity or node management,” Levin said. “Liquidity” is a major UX hurdle facing new users; they need to first make sure a Lightning channel is open to them in order to receive funds, which requires some knowledge of how Lightning works. New users don’t want to have to deal with all this.\nThese Litd updates are part of an industry-wide effort to make Lightning easier to use for the average Joe. Earlier this month, Lightsparkunveileda suite of tools to help onboard businesses to Lightning, for instance.\n“These new features will help the Lightning developer community continue on its path to bring bitcoin to billions around the globe,” Levin said.', 'The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin\'s speedy and scalable Lightning Network, released an update to its Litd node management tool designed to make Bitcoin and Lightning easier to use. Users need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a third party, a feat that isn’t easy for users who aren’t tech-savvy or don’t want to spend hours learning the ins and outs of the protocol to send a payment. Lightning Labs manages a tool called Lightning Terminal to make managing Lightning nodes easier. Behind the scenes, Litd aims to abstract certain features of node management so users don\'t have to manage them directly, making it easier to use Lightning. “We\'ve heard consistent feedback from the Lightning developer community about the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $569,155,886,250 - Hash Rate: 331746436.2905336 - Transaction Count: 486031.0 - Unique Addresses: 628996.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Shares of troubled lender Silvergate (SI) fell 57% on Thursday after thecompany said late Wednesdayit will miss a March 16 deadline to file its already-delayed annual report. The bank said its team "requires additional time to perform analysis, record journal entries related to subsequent events and to complete management’s evaluation of internal controls over financial reporting." "The Company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the Company," the company added. Silvergate shares have collapsed over the last year as the company's entanglements with several crypto firms — including bankrupt exchange FTX, among others —resulted in deposits fallingby more than two-thirds in the fourth quarter of last year. In January, the company laid off 40% of its staff. The company later suspended adividend paid on preferred sharesas it sought to shore up cash. Over the last year, shares of the bank have lost more than 95%. A spokesperson for Silvergate told Yahoo Finance: "Silvergate is working diligently to file its 10-K as soon as possible and has no further comment at this time." In Wednesday's notice, the bank said it sold additional debt securities beyond what was previously anticipated in January and February and it expects to record further losses than what was previously disclosed. In January, the companydisclosedit took $887 million worth of non-interest losses in the fourth quarter. The sales are primarily to repay "outstanding advances" it received from the Federal Home Loan Bank of San Francisco, Silvergate said. The bank also needs additional time to complete an "evaluation of the effectiveness of its internal controls over financial reporting" being conducted by its third party accounting firm. Citing business and regulatory challenges, the company is weighing how much the changes might affect its "ability to continue as a going concern for the twelve months following the issuance of these financial statements," according to the filing. In late January, abi-partisan group of U.S. Senatorspressed the company to provide answers over whether it was aware its clients FTX misused customer funds. A Reutersreportin February said a Silvergate account controlled by Binance.US moved millions of dollars to a company controlled by Binance CEO Changpeng Zhao. Last week in a jointstatementwith the Federal Deposit and Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC), the Federal Reserve made a point to highlight the heightened liquidity risks for banks taking on crypto-related clients. As for its own risks, Silvergate cited “heightened regulatory scrutiny of banking institutions that provide products and services to the digital asset industry," private litigation, and investigations from congressional inquiries, banking regulators and the Justice Department. Analysts at JPMorgan downgraded the stock to Underweight from Neutral and withdrew their its price target in a note out Thursday, calling the situation "highly unusual" and adding: "The 'run' experienced at Silvergate appears to have been driven by a combination of (1) trust in the overall system being shaken given the collapse of previously trusted players (such as FTX) and (2) short-sellers voicing concerns (primarily on Twitter)." Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app forAppleorAndroid Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoiners are eying up crypto held by the feds. On Wednesday, the price of Bitcoin took a sharp nosedive— plunging 7% in an hour. It took most of the crypto market with it, too. The dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. It turned out to be a false alarm as a result of the DB Newswire account on Twitter mislabelling wallets on Arkham\'s platform, the company later said in a statement. But it led some to believe that the dip in prices came because the government started dumping large amounts of Bitcoin into the market. Today we fixed a bug related to Bitcoin alerts that caused us to no longer under-send alerts to a small subset of user’s private labels. This was one of them. This fix won’t affect any additional users, and was unrelated to labels generated by Arkham — we understand the impact… https://t.co/VqbX04J2bM — Arkham (@ArkhamIntel) April 26, 2023 But the fact remains that the government-owned Bitcoin and Mt. Gox coins are intriguing to investors: On Thursday, another blockchain analytics firm, Glassnode, said that the American government and the Mt. Gox trustee hold 205,514 and 137,890 Bitcoins respectively (over $10 billion in crypto)—and advised investors to keep an eye on the funds. This is because when such large amounts of Bitcoin get transferred, it\'s market moving, according to experts. But first, why does the U.S. government hold Bitcoin? And what’s Mt. Gox? The Department of Justice last year seized more than $3 billion worth of Bitcoin affiliated with the dark net marketplace Silk Road. They then sold a huge chunk of it—and said they plan to sell more. Mt. Gox, on the other hand, was a popular Bitcoin exchange that was forced to shut down eight years ago after a crippling hack. Once one of the biggest exchanges in the world, it closed in 2014 after losing 850,000 Bitcoins (today worth $24.9 billion) in the massive exploit . Story continues According to our data, the US government and the Mt. Gox trustee hold 205,514 and 137,890 #BTC , respectively. Monitor their balances and set alerts for coin movements in Studio. US government chart: https://t.co/cfQFqSfN0m Mt. Gox trustee chart: https://t.co/3YxvDTGGyq pic.twitter.com/MhCiSiLfqx — glassnode (@glassnode) April 27, 2023 Investors who lost their funds are still waiting to get it back from a trustee. Christoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, told Decrypt that the intrigue is all centered around risk. He said: “Will the US government hold on to those Bitcoin forever? Or sell them off? If so, will they do it in a manner that reduces impact on the market or just dump in one go? Or auction them off? Who knows.” The fascination with watching the wallets where Mt. Gox funds are being held is similar, he added. “I believe Mt. Gox is somewhat similar in that there are various unknowns," Ono said. "At some point the coins will be released into the wild but no one really knows when and how.” While Glassnode lead analyst James Check said that big investors may be interested in government coins. “Periodically, the U.S. government auctions off these coins, which institutions in particular often find quite attractive, since they are in theory blessed and cleared by the U.S. government,” he said. In the past, some institutions have fretted over the provenance of crypto assets when buying them and worried they could be unknowingly buying from bad actors. Whatever happens, investors are always keeping an eye on big HODLers—known as whales—especially unorthodox ones like the U.S. government. Satoshi-Era Bitcoin Whale Moves $11 Million After Sleeping for 12 Years “Roughly 10 billion dollars of bitcoin is an immense amount for the market to absorb,” Evan Kaloudis, the developer behind Zeus, a non-custodial Lightning wallet, told Decrypt . “I for one, though, am excited for the government to offload them to the market to circulate to new holders.” Editor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Bitcoiners are eying up crypto held by the feds.\nOn Wednesday, the price of Bitcoin took a sharp nosedive—plunging7% in an hour. It took most of the crypto market with it, too.\nThe dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin.\nIt turned out to be a false alarm as a result of theDB Newswireaccount on Twitter mislabelling wallets on Arkham\'s platform, the company later said in a statement. But it led some to believe that the dip in prices came because the government started dumping large amounts of Bitcoin into the market.\nBut the fact remains that the government-owned Bitcoin and Mt. Gox coins are intriguing to investors: On Thursday, another blockchain analytics firm, Glassnode, said that the American government and the Mt. Gox trustee hold 205,514 and 137,890 Bitcoins respectively (over $10 billion in crypto)—and advised investors to keep an eye on the funds.\nThis is because when such large amounts of Bitcoin get transferred, it\'s market moving, according to experts.\nBut first, why does the U.S. government hold Bitcoin? And what’s Mt. Gox?\nThe Department of Justice last year seized more than $3 billion worth of Bitcoin affiliated with the dark net marketplace Silk Road. They thensolda huge chunk of it—and said they plan to sell more.\nMt. Gox, on the other hand, was a popular Bitcoin exchange that was forced to shut down eight years ago after a crippling hack. Once one of the biggest exchanges in the world, it closed in 2014 after losing 850,000 Bitcoins (today worth $24.9 billion) in themassive exploit.\nInvestors who lost their funds are still waiting to get it back from a trustee.\nChristoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, toldDecryptthat the intrigue is all centered around risk.\nHe said: “Will the US government hold on to those Bitcoin forever? Or sell them off? If so, will they do it in a manner that reduces impact on the market or just dump in one go? Or auction them off? Who knows.”\nThe fascination with watching the wallets where Mt. Gox funds are being held is similar, he added. “I believe Mt. Gox is somewhat similar in that there are various unknowns," Ono said. "At some point the coins will be released into the wild but no one really knows when and how.”\nWhile Glassnode lead analyst James Check said that big investors may be interested in government coins.\n“Periodically, the U.S. government auctions off these coins, which institutions in particular often find quite attractive, since they are in theory blessed and cleared by the U.S. government,” he said. In the past, some institutions have fretted over the provenance of crypto assets when buying them and worried they could be unknowingly buying from bad actors.\nWhatever happens, investors are always keeping an eye on big HODLers—known as whales—especially unorthodox ones like the U.S. government.\nSatoshi-Era Bitcoin Whale Moves $11 Million After Sleeping for 12 Years\n“Roughly 10 billion dollars of bitcoin is an immense amount for the market to absorb,” Evan Kaloudis, the developer behind Zeus, a non-custodial Lightning wallet, toldDecrypt. “I for one, though, am excited for the government to offload them to the market to circulate to new holders.”\nEditor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Bitcoiners are eying up crypto held by the feds.\nOn Wednesday, the price of Bitcoin took a sharp nosedive—plunging7% in an hour. It took most of the crypto market with it, too.\nThe dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin.\nIt turned out to be a false alarm as a result of theDB Newswireaccount on Twitter mislabelling wallets on Arkham\'s platform, the company later said in a statement. But it led some to believe that the dip in prices came because the government started dumping large amounts of Bitcoin into the market.\nBut the fact remains that the government-owned Bitcoin and Mt. Gox coins are intriguing to investors: On Thursday, another blockchain analytics firm, Glassnode, said that the American government and the Mt. Gox trustee hold 205,514 and 137,890 Bitcoins respectively (over $10 billion in crypto)—and advised investors to keep an eye on the funds.\nThis is because when such large amounts of Bitcoin get transferred, it\'s market moving, according to experts.\nBut first, why does the U.S. government hold Bitcoin? And what’s Mt. Gox?\nThe Department of Justice last year seized more than $3 billion worth of Bitcoin affiliated with the dark net marketplace Silk Road. They thensolda huge chunk of it—and said they plan to sell more.\nMt. Gox, on the other hand, was a popular Bitcoin exchange that was forced to shut down eight years ago after a crippling hack. Once one of the biggest exchanges in the world, it closed in 2014 after losing 850,000 Bitcoins (today worth $24.9 billion) in themassive exploit.\nInvestors who lost their funds are still waiting to get it back from a trustee.\nChristoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, toldDecryptthat the intrigue is all centered around risk.\nHe said: “Will the US government hold on to those Bitcoin forever? Or sell them off? If so, will they do it in a manner that reduces impact on the market or just dump in one go? Or auction them off? Who knows.”\nThe fascination with watching the wallets where Mt. Gox funds are being held is similar, he added. “I believe Mt. Gox is somewhat similar in that there are various unknowns," Ono said. "At some point the coins will be released into the wild but no one really knows when and how.”\nWhile Glassnode lead analyst James Check said that big investors may be interested in government coins.\n“Periodically, the U.S. government auctions off these coins, which institutions in particular often find quite attractive, since they are in theory blessed and cleared by the U.S. government,” he said. In the past, some institutions have fretted over the provenance of crypto assets when buying them and worried they could be unknowingly buying from bad actors.\nWhatever happens, investors are always keeping an eye on big HODLers—known as whales—especially unorthodox ones like the U.S. government.\nSatoshi-Era Bitcoin Whale Moves $11 Million After Sleeping for 12 Years\n“Roughly 10 billion dollars of bitcoin is an immense amount for the market to absorb,” Evan Kaloudis, the developer behind Zeus, a non-custodial Lightning wallet, toldDecrypt. “I for one, though, am excited for the government to offload them to the market to circulate to new holders.”\nEditor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Illustration by Mitchell Preffer for Decrypt Bitcoin this week led a small market-wide rally after shares in First Republic Bank nosedived when the institution’s latest quarterly report revealed a decline in deposits. On Sunday, some of the leading cryptocurrencies appear to be shrugging off their intraweek gains, but there has been no explosive price movement in either direction. AI was a hot topic on Crypto Twitter this week. Electro-pop singer Grimes started the conversation on Monday when she offered 50% royalties to anyone that creates a hit using her machine-generated voice. In a follow-up tweet she said she would use smart contracts to issue the royalties. I think it\'s cool to be fused w a machine and I like the idea of open sourcing all art and killing copyright — 𝔊𝔯𝔦𝔪𝔢𝔰 (@Grimezsz) April 24, 2023 Later in the week, Avenged Sevenfold singer and Ethereum maxi M. Shadows gave his two cents to Grimes’s proposal. I like what @Grimezsz is doing with her likeness and AI. I’m not sure the logistics while on a label… but moving forward I would love to help facilitate our “sound” to producers and fans to create original “ @TheOfficialA7X ” songs using this technology. 👇 — M. Shadows (@shadows_eth) April 26, 2023 On Tuesday, Neeraj Agrawal—who heads communications at pro-crypto policy think tank CoinCentre—solicited donations for some Bitcoin developers who are currently embroiled in a legal battle with notorious industry troll Craig Wright, an Australian software developer who claims to be the man behind the pseudonym Satoshi Nakomoto, the inventor of Bitcoin. https://t.co/F07tYFnjt9 is fighting back against Craig Wright’s attempt to patent troll open source software developers. This goes beyond Bitcoin. They rely on donations for legal fees. I think we can all agree this is a good cause https://t.co/FkZfkTsrht pic.twitter.com/XsnOTQE1Ar — Neeraj K. Agrawal (@NeerajKA) April 25, 2023 Bankrupt crypto lender Voyager broke the news that Binance US had axed a deal to acquire the company’s assets. Voyager was one of the high-profile casualties stemming from Terra’s collapse last May. In a statement to Decrypt, Binance cited “the hostile and uncertain regulatory climate in the United States” as the main reason behind the decision to back out. Story continues 1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform. — Voyager (@investvoyager) April 25, 2023 Solana announced a new integration with ChatGPT that day. (1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ — Solana Labs (@solanalabs) April 25, 2023 Avid tech fan @Odin_Free shared a pie chart highlighting how regulators have driven Ethereum principal deposits out of the Kraken exchange. 64% of all ETH principal withdrawals (all time) have come from regulatory-forced Kraken exits. pic.twitter.com/YjyAKNTRli — odin free ✨🐺 - 🦇🔊 (@odin_free) April 26, 2023 Bitcoin briefly plummeted on Wednesday . Will Clemente, founder of blockchain research firm Reflexivity Research, was watching the red candles. ~$300 million of Bitcoin open interest wiped out in 45 mins what a savage move pic.twitter.com/yq6XQMPlLd — Will Clemente (@WClementeIII) April 26, 2023 It turns out the world’s favorite crypto had fallen 7% in an hour, starting shortly before erroneous reports that blockchain analytics firm Arkham had said wallets linked to the defunct Mt. Gox exchange and the U.S. government had moved huge Bitcoin stashes. Arkham CEO Miguel Morel told Decrypt that the transactions weren’t connected and Arkham later explained the situation in a post mortem on Twitter: We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case. DB set two alerts on all Bitcoin transactions above $10k USD, with no counterparties set, then named the alerts “Mt Gox” and “US Gov”. When we… pic.twitter.com/8OITiygNhL — Arkham (@ArkhamIntel) April 26, 2023 The following day, analytics firm Glassnode showed followers how to track the Mt. Gox and U.S. government balances in question. According to our data, the US government and the Mt. Gox trustee hold 205,514 and 137,890 #BTC , respectively. Monitor their balances and set alerts for coin movements in Studio. US government chart: https://t.co/cfQFqSfN0m Mt. Gox trustee chart: https://t.co/3YxvDTGGyq pic.twitter.com/MhCiSiLfqx — glassnode (@glassnode) April 27, 2023 Last year may have been hailed “Crypto Winter” for those in the thick of the industry, but for their lawyers and advisers it was a sunnier story, tweeted FTX creditor Sunil. Bankruptcy cost comparison FTX, Celsius, Voyager, BlockFi Note: Pro-rata fees for missing (TBD) months: FTX (E&Y); PH, YC, FTI; BlockFI (Kirkland), month 4 Debtor lawyers/advisors pic.twitter.com/mRQK0465vW — Sunil (FTX 2.0 Champion) (@sunil_trades) April 26, 2023 Blockchain gumshoe ZachXBT is hot on the heels of a scammer who has so far created over a hundred different memecoins to rug investors with. Over the past 1.5 months one person has created 114 meme coin scams. Each time stolen funds from the scam are sent to the exact same deposit address. 0x739c58807B99Cb274f6FD96B10194202b8EEfB47 pic.twitter.com/uwVAiG9WGG — ZachXBT (@zachxbt) April 26, 2023 Binance CEO Changpeng "CZ" Zhao wants you to know he’s not as wealthy or as competitive as everyone says he is. 4 Numbers all wrong. I don\'t have anywhere near as much. Don\'t know why they do this. 🤷\u200d♂️ Also, never viewed FTX as a rival. We welcome more (well run) exchanges in the space. pic.twitter.com/xfa31RZp7t — CZ 🔶 Binance (@cz_binance) April 27, 2023 A self-proclaimed Bitfinex/Tether whistleblower posted a scathing critique of recent Coinbase investors. They’re not alone in thinking that Coinbase may be planning to relocate. The company itself has frequently mentioned the hostile regulatory climate in the U.S. recently and last week announced plans for global expansion , including Bermuda and, possibly, the crypto-friendly free economic zone, Abu Dhabi Global Market. Coinbase CEO Brian Armstrong dumps more shares of Coinbase onto retail suckers. Imagine a CEO of a company, that’s dumping stock, and telling you that they’re going offshore. Imagine people dumb enough to be buying their shares. https://t.co/dd6d0fe7BB pic.twitter.com/NWm2knrYNI — Bitfinex’ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) April 27, 2023 Tornado Cash developer Alexey Pertsev returned to Twitter after he was released on bail to wait for his trial at home. Dutch authorities arrested him nine months ago on alleged charges of facilitating money laundering shortly after U.S. authorities sanctioned the crypto transaction privacy tool, claiming it was linked to North Korean state hackers Lazarus Group and may have laundered as much as $7 billion since 2019. Sorry I was afk for a while, what did I miss? 👀 — Alexey Pertsev (@alex_pertsev) April 28, 2023 Finally, why think about personal finance when you can just outsource it to ChatGPT? I decided to outsource my entire personal financial life to GPT-4 (via the @donotpay chat we are building). I gave AutoGPT access to my bank, financial statements, credit report, and email. Here’s how it’s going so far (+$217.85) and the strange ways it’s saving money. (1/n): pic.twitter.com/JO9p1A5ipc — Joshua Browder (@jbrowder1) April 29, 2023 Editor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported. View comments', 'Bitcoin this week leda small market-wide rallyafter shares in First Republic Bank nosedived when the institution’s latest quarterly report revealed a decline in deposits. On Sunday, some of the leading cryptocurrencies appear to beshrugging off their intraweek gains,but there has been no explosive price movement in either direction.AI was a hot topic on Crypto Twitter this week. Electro-pop singer Grimes started the conversation on Monday when sheoffered 50% royaltiesto anyone that creates a hit using her machine-generated voice. In afollow-up tweetshe said she would use smart contracts to issue the royalties.\nLater in the week, Avenged Sevenfold singer and Ethereum maxi M. Shadows gave his two cents to Grimes’s proposal.\nOn Tuesday, Neeraj Agrawal—who heads communications at pro-crypto policy think tank CoinCentre—solicited donations for some Bitcoin developers who are currently embroiled in a legal battle with notorious industry troll Craig Wright, an Australian software developer who claims to be the man behind the pseudonym Satoshi Nakomoto, the inventor of Bitcoin.\nBankrupt crypto lender Voyager broke the news that Binance US hadaxeda deal to acquire the company’s assets. Voyager was one of the high-profile casualties stemming from Terra’s collapse last May. In a statement to Decrypt, Binance cited “the hostile and uncertain regulatory climate in the United States” as the main reason behind the decision to back out.\nSolana announced anew integration with ChatGPTthat day.\nAvid tech fan@Odin_Freeshared a pie chart highlighting how regulators have driven Ethereum principal deposits out of the Krakenexchange.\nBitcoinbriefly plummeted on Wednesday. Will Clemente, founder of blockchain research firm Reflexivity Research, was watching the red candles.\nIt turns out the world’s favorite crypto had fallen 7% in an hour, starting shortly before erroneous reports that blockchain analytics firm Arkham had said wallets linked to thedefunct Mt. Gox exchange and the U.S. government had moved huge Bitcoin stashes. Arkham CEO Miguel Morel toldDecryptthat the transactions weren’t connected and Arkham later explained the situation in a post mortem on Twitter:\nThe following day, analytics firm Glassnode showed followers how to track the Mt. Gox and U.S. government balances in question.\nLast year may have been hailed “Crypto Winter” for those in the thick of the industry, but for their lawyers and advisers it was a sunnier story, tweeted FTX creditor Sunil.\nBlockchain gumshoeZachXBTis hot on the heels of a scammer who has so far created over a hundred different memecoins to rug investors with.\nBinance CEO Changpeng "CZ" Zhao wants you to know he’s not as wealthy or as competitive as everyone says he is.\nA self-proclaimed Bitfinex/Tether whistleblower posted a scathing critique of recent Coinbase investors. They’re not alone in thinking that Coinbase may be planning to relocate. The company itself has frequently mentioned the hostile regulatory climate in the U.S. recently and last week announcedplans for global expansion, including Bermuda and, possibly, the crypto-friendly free economic zone, Abu Dhabi Global Market.\nTornado Cash developer Alexey Pertsev returned to Twitter after he was released on bail to wait for his trial at home. Dutch authorities arrested him nine months ago on alleged charges of facilitating money laundering shortly after U.S. authoritiessanctionedthe crypto transaction privacy tool, claiming it was linked to North Korean state hackers Lazarus Group and may have laundered as much as $7 billion since 2019.\nFinally, why think about personal finance when you can just outsource it to ChatGPT?\nEditor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Ordinalsnotched a new record on Saturday as the protocol used for inscribing digital assets onBitcoin—producing assets comparable to Ethereum-basedNFTs—had its busiest day yet.\nThe daily number of inscriptions made through Ordinals on Saturday totaled around 223,000, according to a widely-used Dunedashboard. It marked the first time over 200,000 inscriptions were made in a single day and suggests the protocol is as popular as ever as it enters its fifth month sincelaunch.\nIn April alone, the daily record for inscriptions made was shattered four other times. That included roughly 72,000 inscriptions on April 2 and 193,000 inscriptions on April 23, according to the Dune dashboard.\nAt the same time, the number of Bitcoin transactions neared levels not seen in several years, according to blockchain analytics firm IntoTheBlock. On Sunday, the firm said that the weekly average of daily Bitcoin transactions was around 396,000, its highest level since December 2017.\nLooking at some of the latestinscriptionsusing ordinals.com, what once resembled a sea of images early on has morphed into a wall of text-based inscriptions. The tides began to shift last month as peoplediscoveredOrdinals could be used to create fungible tokens on Bitcoin, in a way that’s analogous towhat one can doon Ethereum.\nThe trend was kicked off by a pseudonymous on-chain data enthusiast named Domo, who created the “BRC-20” token standard as an experiment. And as of Sunday, close to 6,900 tokens using the new-developed standard have been launched, including several meme tokens with multi-million dollar market caps, according to data frombrc-20.io.\nNorth of 99.8% of the total inscriptions made on Saturday was text-based compared to just 272 image-based inscriptions, which represented 0.1% of the daily total. While not every text-based inscription is tied to fungible tokens, the ratio on Saturday represents a shift in Ordinals’ use compared to when the month began.\nWhen the daily record for inscriptions made was broken on April 4, text-based subscriptions accounted for only 86% of the daily total, while image-based ones made up nearly 13% at 9,273.\nAside from the creation of fungible tokens under the so-called BRC-20 standard, Ordinals is opening the door to activity on Bitcoin in other ways, such as theSats Name(.sats) standard that resemblesname servicesbuilt on Ethereum.\nOn Friday, the self-described NFT Historian @LeonidasNFT recognized recent developments in the Ordinals space, saying that “ordinals protocol innovation on Bitcoin has been increasing exponentially.”\nThat same day, the accountcelebrateda separate milestone for Ordinals, as the total number of inscriptions crossed 2 million. Just a couple of days later, the total number of inscriptions is now over 2.5 million, according to the Dunedashboard.\n“It’s thrilling to see inscriptions growing the way they are,” Ordinals Project Communications Director Isabel Foxen Duke toldDecrypt, “I’m concerned these numbers are inflated by a flood of inscription-generated BRC-20 tokens which are highly insecure and may pose a risk to retail investors.”\nIndeed, some projects that have quickly embraced the experimental token standard have encountered headwinds, such as UniSat Wallet. Shortly after the digital wallet project—which supports inscriptions and BRC-20 tokens—launched its own marketplace, the service was compromised “due to a vulnerability in [its] codebase.”\nUniSat Wallet indicated it will compensate users who were affected by the incident on Twitter, which it said had impacted 70 transactions. The project did not immediately respond to requests for comment fromDecrypt.\nInscriptions are sometimes referred to colloquially as Bitcoin NFTs, but the process for creating inscriptions and how each one’s corresponding data is stored is distinct compared to digital assets that are created on blockchains like Ethereum or Solana.\nNFTs are unique digital tokens minted using smart contracts, where people interact with code that operates on decentralized protocols. They represent the ownership of an item, often digital art, and though it’s possible to store assets such as images on-chain using Ethereum or Solana, most NFTs point to an asset that is stored off-chain.\nlInstead of creating a token that’s entirely new, using Ordinals, people inscribe content like images or text to individual Satoshi, the smallest denomination that a Bitcoin can be divided into (1/100,000,000 BTC). And that content is stored directly and permanently on Bitcoin’s blockchain.', 'Ordinalsnotched a new record on Saturday as the protocol used for inscribing digital assets onBitcoin—producing assets comparable to Ethereum-basedNFTs—had its busiest day yet.\nThe daily number of inscriptions made through Ordinals on Saturday totaled around 223,000, according to a widely-used Dunedashboard. It marked the first time over 200,000 inscriptions were made in a single day and suggests the protocol is as popular as ever as it enters its fifth month sincelaunch.\nIn April alone, the daily record for inscriptions made was shattered four other times. That included roughly 72,000 inscriptions on April 2 and 193,000 inscriptions on April 23, according to the Dune dashboard.\nAt the same time, the number of Bitcoin transactions neared levels not seen in several years, according to blockchain analytics firm IntoTheBlock. On Sunday, the firm said that the weekly average of daily Bitcoin transactions was around 396,000, its highest level since December 2017.\nLooking at some of the latestinscriptionsusing ordinals.com, what once resembled a sea of images early on has morphed into a wall of text-based inscriptions. The tides began to shift last month as peoplediscoveredOrdinals could be used to create fungible tokens on Bitcoin, in a way that’s analogous towhat one can doon Ethereum.\nThe trend was kicked off by a pseudonymous on-chain data enthusiast named Domo, who created the “BRC-20” token standard as an experiment. And as of Sunday, close to 6,900 tokens using the new-developed standard have been launched, including several meme tokens with multi-million dollar market caps, according to data frombrc-20.io.\nNorth of 99.8% of the total inscriptions made on Saturday was text-based compared to just 272 image-based inscriptions, which represented 0.1% of the daily total. While not every text-based inscription is tied to fungible tokens, the ratio on Saturday represents a shift in Ordinals’ use compared to when the month began.\nWhen the daily record for inscriptions made was broken on April 4, text-based subscriptions accounted for only 86% of the daily total, while image-based ones made up nearly 13% at 9,273.\nAside from the creation of fungible tokens under the so-called BRC-20 standard, Ordinals is opening the door to activity on Bitcoin in other ways, such as theSats Name(.sats) standard that resemblesname servicesbuilt on Ethereum.\nOn Friday, the self-described NFT Historian @LeonidasNFT recognized recent developments in the Ordinals space, saying that “ordinals protocol innovation on Bitcoin has been increasing exponentially.”\nThat same day, the accountcelebrateda separate milestone for Ordinals, as the total number of inscriptions crossed 2 million. Just a couple of days later, the total number of inscriptions is now over 2.5 million, according to the Dunedashboard.\n“It’s thrilling to see inscriptions growing the way they are,” Ordinals Project Communications Director Isabel Foxen Duke toldDecrypt, “I’m concerned these numbers are inflated by a flood of inscription-generated BRC-20 tokens which are highly insecure and may pose a risk to retail investors.”\nIndeed, some projects that have quickly embraced the experimental token standard have encountered headwinds, such as UniSat Wallet. Shortly after the digital wallet project—which supports inscriptions and BRC-20 tokens—launched its own marketplace, the service was compromised “due to a vulnerability in [its] codebase.”\nUniSat Wallet indicated it will compensate users who were affected by the incident on Twitter, which it said had impacted 70 transactions. The project did not immediately respond to requests for comment fromDecrypt.\nInscriptions are sometimes referred to colloquially as Bitcoin NFTs, but the process for creating inscriptions and how each one’s corresponding data is stored is distinct compared to digital assets that are created on blockchains like Ethereum or Solana.\nNFTs are unique digital tokens minted using smart contracts, where people interact with code that operates on decentralized protocols. They represent the ownership of an item, often digital art, and though it’s possible to store assets such as images on-chain using Ethereum or Solana, most NFTs point to an asset that is stored off-chain.\nlInstead of creating a token that’s entirely new, using Ordinals, people inscribe content like images or text to individual Satoshi, the smallest denomination that a Bitcoin can be divided into (1/100,000,000 BTC). And that content is stored directly and permanently on Bitcoin’s blockchain.', "Ordinals notched a new record on Saturday as the protocol used for inscribing digital assets on Bitcoin \x97producing assets comparable to Ethereum-based NFTs \x97had its busiest day yet. The daily number of inscriptions made through Ordinals on Saturday totaled around 223,000, according to a widely-used Dune dashboard . It marked the first time over 200,000 inscriptions were made in a single day and suggests the protocol is as popular as ever as it enters its fifth month since launch . In April alone, the daily record for inscriptions made was shattered four other times. That included roughly 72,000 inscriptions on April 2 and 193,000 inscriptions on April 23, according to the Dune dashboard. Bitcoin NFT Mints Surpass 200K\x97But Is Interest in Ordinals Fading? At the same time, the number of Bitcoin transactions neared levels not seen in several years, according to blockchain analytics firm IntoTheBlock. On Sunday, the firm said that the weekly average of daily Bitcoin transactions was around 396,000, its highest level since December 2017. The 7-day average of daily Bitcoin transactions was at its highest this week since December 2017. The increasing number of daily transactions suggests growing active usage of the Bitcoin blockchain pic.twitter.com/zKWUM8Vw5P \x97 IntoTheBlock (@intotheblock) April 30, 2023 Looking at some of the latest inscriptions using ordinals.com, what once resembled a sea of images early on has morphed into a wall of text-based inscriptions. The tides began to shift last month as people discovered Ordinals could be used to create fungible tokens on Bitcoin, in a way that\x92s analogous to what one can do on Ethereum. The trend was kicked off by a pseudonymous on-chain data enthusiast named Domo, who created the \x93BRC-20\x94 token standard as an experiment. And as of Sunday, close to 6,900 tokens using the new-developed standard have been launched, including several meme tokens with multi-million dollar market caps, according to data from brc-20.io . Story continues North of 99.8% of the total inscriptions made on Saturday was text-based compared to just 272 image-based inscriptions, which represented 0.1% of the daily total. While not every text-based inscription is tied to fungible tokens, the ratio on Saturday represents a shift in Ordinals\x92 use compared to when the month began. When the daily record for inscriptions made was broken on April 4, text-based subscriptions accounted for only 86% of the daily total, while image-based ones made up nearly 13% at 9,273. What Does Satoshi Nakamoto Look Like? AI Provides Some Answers Aside from the creation of fungible tokens under the so-called BRC-20 standard, Ordinals is opening the door to activity on Bitcoin in other ways, such as the Sats Name (.sats) standard that resembles name services built on Ethereum. On Friday, the self-described NFT Historian @LeonidasNFT recognized recent developments in the Ordinals space, saying that \x93ordinals protocol innovation on Bitcoin has been increasing exponentially.\x94 Ordinals Inscriptions Rare Sats BRC-20 .sats None of these things existed 3 months ago. Ever since the release of the ordinals protocol innovation on Bitcoin has been increasing exponentially. 14 years in and we haven't even scratched the surface of what Bitcoin can do yet. \x97 Leonidas.og (@LeonidasNFT) April 28, 2023 That same day, the account celebrated a separate milestone for Ordinals, as the total number of inscriptions crossed 2 million. Just a couple of days later, the total number of inscriptions is now over 2.5 million, according to the Dune dashboard . \x93It\x92s thrilling to see inscriptions growing the way they are,\x94 Ordinals Project Communications Director Isabel Foxen Duke told Decrypt , \x93I\x92m concerned these numbers are inflated by a flood of inscription-generated BRC-20 tokens which are highly insecure and may pose a risk to retail investors.\x94 Indeed, some projects that have quickly embraced the experimental token standard have encountered headwinds, such as UniSat Wallet. Shortly after the digital wallet project\x97which supports inscriptions and BRC-20 tokens\x97launched its own marketplace, the service was compromised \x93due to a vulnerability in [its] codebase.\x94 A few hours ago, UniSat Marketplace, which just launched, experienced a large number of double-spend attacks due to a vulnerability in our codebase. During our testing last week, we simulated different approaches to double-spend attacks and made improvements and enhancements to\x85 \x97 UniSat Wallet - Store, Inscribe and Search. (@unisat_wallet) April 24, 2023 UniSat Wallet indicated it will compensate users who were affected by the incident on Twitter, which it said had impacted 70 transactions. The project did not immediately respond to requests for comment from Decrypt . Ordinals Fees Spike as Bored Ape Yacht Club Clones Bloom on Bitcoin Inscriptions are sometimes referred to colloquially as Bitcoin NFTs, but the process for creating inscriptions and how each one\x92s corresponding data is stored is distinct compared to digital assets that are created on blockchains like Ethereum or Solana. NFTs are unique digital tokens minted using smart contracts, where people interact with code that operates on decentralized protocols. They represent the ownership of an item, often digital art, and though it\x92s possible to store assets such as images on-chain using Ethereum or Solana, most NFTs point to an asset that is stored off-chain. lInstead of creating a token that\x92s entirely new, using Ordinals, people inscribe content like images or text to individual Satoshi, the smallest denomination that a Bitcoin can be divided into (1/100,000,000 BTC). And that content is stored directly and permanently on Bitcoin\x92s blockchain.", 'In this article, we will be taking a look at the 25 largest VC-backed companies in the US in 2023. If you don\'t want to get into details, you can comfortably head to the 5 largest VC-backed companies in the US in 2023 . Venture capital-backed companies have played a vital role in driving innovation and economic growth both in the US and internationally. These businesses are frequently in their early phases and have great growth potential, but they lack the funds to expand. In return for an ownership part in the company, VC firms offer financing and expertise to support the expansion of these businesses. Top VC firms like Sequoia Capital, Andreessen Horowitz, GGV Capital, etc have played a great role in funding these companies. According to reports , the rate of job growth for VC-backed businesses is approximately 8 times greater than that of non-VC-backed businesses. The Rule Of VC Backed Companies Many of the most important technological developments in recent years have been produced by VC-backed companies. For instance, VC firms were crucial in providing early capital for businesses like Alphabet Inc. (NASDAQ: GOOG )\'S Google, Amazon.com, Inc. (NASDAQ: AMZN ) and Apple Inc. (NASDAQ: AAPL ). These businesses grew to be some of the biggest and most valuable businesses in the world, generating vast riches for their owners, backers, and staff members. Alphabet Inc. (NASDAQ:GOOG)\'s Google generated a total revenue of $279.8 billion in the fiscal year 2022 while Apple Inc. (NASDAQ:AAPL) generated a revenue of $117.5 billion in the same year. Alph abet Inc. (NASDAQ:GOOG)\'s Google, Amazon.com, Inc (NASDAQ:AMZN), and Apple Inc (NASDAQ:AAPL) are highly valued globally for their high end services. The US has seen an increase in VC investment over the past few years, contributing to the robust state of VC businesses today. From the record-breaking pace of 2021, venture capital (VC) investment slowed down even more in Q4 2022, falling by 14% from the $37.9 billion raised in Q3. However, venture capital activity still exceeded $200 billion, reaching $209.4 billion, making 2022 the second-highest year for VC investment ever. This rise in financing has intensified transaction rivalry and raised early-stage company valuations. Story continues Despite the COVID-19 pandemic\'s difficulties, VC-backed firms have maintained their strong performance. Due to changes in consumer behavior and a rise in the need for digital solutions, many businesses in industries including e-commerce, healthcare, and finance have experienced considerable growth. A well-known hedge fund and venture capital company based in New York, Tiger Global Management, recently reduced the value of its portfolio of venture-backed companies. The decision was made in response to worries about soaring IT sector valuations and greater regulatory scrutiny. Some of the most well-known startups in the world, including Coinbase Global, Inc. (NASDAQ: COIN ), Stripe, and Uipath, Inc. (NYSE: PATH ) are included in the company’s portfolio of venture-backed companies. With a focus on businesses that are upending traditional sectors, the firm has been a prolific investor in the tech industry. To reflect these concerns, Tiger Global had reduced the value of all of its venture capital assets by around 33%, as reported by The Wall Street Journal . This action raised concerns about the overall state of the technology industry and its possible effects on other investors. The two possible reasons for this act could be that this could be an indication of a wider market correction, as investors grow more wary of the risks involved with funding high-growth startups or Tiger Global might simply be acting prudently to manage its risk exposure and safeguard its investors. Whatever the motivations underlying the decision, it emphasises how crucial meticulous due research is when making investments in the tech industry. Many inventive businesses will undoubtedly continue to prosper in the years to come, but investors need to be careful not to overpay for growth or overlook the dangers involved with funding early-stage startups. However, the long-term success of VC companies will depend on their capacity to recognise good startups, deliver value beyond cash, and handle shifting market dynamics. The tech industry is continuously changing, and VC companies will need to adapt to stay competitive and provide solid returns for their investors. 25 Largest VC-Backed Companies In The US In 2023 alex-knight-2EJCSULRwC8-unsplash Our Methodology For our methodology, we have gathered data points from various reputable sources including pitchbook and Crunchbase , among others and ranked the 25 largest VC-backed companies in the US in 2023 in ascending order based on the highest revenue earned in the year 2022. The data for companies\' total funding figures and prominent investors comes from Crunchbase. It is important to note that, for the private companies that made it to our list, we have estimated their revenues in the same year based on sources like Zippia and Statista . Here is our list of the 25 largest VC-backed companies in the US in 2023. 25. Houzz Revenue: $340 million (estimated) Total Funding: $600 million Houzz is an online platform that connects house owners with architects, designers, and contractors for remodeling and design projects. Along with a directory of nearby experts, the platform offers millions of product listings and photos. Houzz has earned over $600 million in funding from its investors including Sequoia Capital and GGV capital over 8 rounds. 24. Tanium Revenue: $430 million (estimated) Total Funding: $1.1 billion Tanium is the creator of an endpoint management and security platform with real-time monitoring and extensive control. The company\'s platform makes use of high-fidelity data to help clients regain visibility and control over their digital businesses by enabling them to act quickly and precisely on issues as they arise, quickly scope incidents, and stop threats before they become out of control. Tanium has earned a total funding amount of $1.1 billion over 15 rounds. The Garage Syndicate and Axevil Capital are the most recent investors out of the 19 investors the company has. 23. Niantic Revenue: $713.46 million (estimated) Total Funding: $770 million A software development business called Niantic focuses on location-based gaming and augmented reality (AR) technology. The popular mobile game, Pokémon Go, which has been downloaded more than 1 billion times worldwide, is its most well-known creation. The goal of Niantic is to employ technology to promote social connection, exercise, and discovery and has raised a total of $770 million in funding over 5 rounds and has 22 investors, out of which, Coatue and CRV are the most recent investors. 22. UiPath, Inc. (NYSE:PATH) Revenue: $1.05 billion Total Funding: $2 billion A platform for automating routine and manual processes is offered by UiPath, Inc. (NYSE:PATH), a top robotic process automation (RPA) software provider. With the help of its software robots, or "bots," businesses can automate operations and boost productivity by interacting with software applications exactly like people do. With over 10,000 clients , UiPath, Inc. (NYSE:PATH) is regarded as a market leader in RPA and has earned a total of $2 billion in funding over 10 rounds from various investors including Sequoia Capital and Tiger Global Management . 21. Robinhood Markets, Inc. (NASDAQ: HOOD ) Revenue: $1.36 billion Total Funding: $6.2 billion Financial services provider Robinhood Markets, Inc. (NASDAQ:HOOD) offers a well-liked trading program for buying and selling stocks, options, cryptocurrencies, and exchange-traded funds (ETFs). Millions of consumers have been drawn to it by its straightforward and user-friendly platform, especially younger investors. Throughout 28 rounds, Robinhood Markets, Inc. (NASDAQ:HOOD) has raised a total of $6.2 billion in funding. On May 13, 2022, they received their most recent capital investment from a Post-IPO Secondary round. Their most recent investors are Emergent Fidelity Technologies and 9 Yards Capital. 20. Unity Software Inc. (NYSE: U ) Revenue: $1.39 billion Total Funding: $1.3 billion For developing and running interactive, real-time 3D content, Unity Software Inc. (NYSE:U) is a top platform. Most of the developers, artists, and creators use it to design and construct video games, experience augmented reality (AR), virtual reality (VR), and other interactive entertainment. Unity Software Inc. (NYSE:U) raised a total of $1.3 billion in funding over 12 rounds. FinSight Ventures and Milestone Ventures are the most recent investors of the company out of 21 total investors. 19. SoFi Technologies, Inc. (NASDAQ: SOFI ) Revenue: $1.57 billion Total Funding: $3 billion SoFi Technology, Inc. (NASDAQ:SOFI) is a provider of financial technology services that include personal loans, student loan refinancing, mortgages, investment, and banking. Through its digital platform, which offers simple access to financial products and tools, SoFi Technology, Inc. (NASDAQ:SOFI)\'s mission is to assist people in achieving financial independence and accumulating wealth, and has raised a total of $3 billion in funding over 19 rounds. The most recent investors are HOF Capital and Asas Capital. 18. Rivian Automotive, Inc. (NASDAQ:RIVN) Revenue: $1.6 billion Total Funding: $12 billion Rivian Automotive, Inc. (NASDAQ:RIVN) is an American manufacturer and automotive technology firm. The R1T electric pickup truck and R1S electric SUV are among its best-known products. Rivian Automotive, Inc. (NASDAQ:RIVN) has received funding from several well-known businesses, including Ford Motor Company (NYSE: F ) and Amazon.com, Inc. (NASDAQ:AMZN), and has won accolades for its creative approach to EV development. Ford Motor Company (NYSE:F) is one of the biggest automakers in the world that produces a wide range of vehicle models. Ford Motor Company (NYSE:F) has faced many issues but still has a significant role in the vehicle industry. The company has raised a total of $12 billion in funding with the help of 18 investors over 11 rounds. D1 Capital is the most recent investor and the latest funding was raised from a Post IPO Debt round in March 2023. 17. Credit Karma Revenue: $1.8 billion (estimated) Total Funding: $868 Million Credit Karma is a personal finance startup that offers its consumers free credit monitoring, credit scores, and financial advice. Additionally, it provides advice on credit cards and loans, as well as resources for setting up budgets and controlling debt. It has accumulated a total of $868 million in funding over 8 rounds with the help of 14 investors. The recent investors in Credit Karma are Silver Lake and Viking Global Investors. 16. Palantir Technologies Inc. (NYSE: PLTR ) Revenue: $1.9 billion Total funding: $3 billion A software startup called Palantir Technologies Inc. (NYSE:PLTR) focuses on providing intelligence and big data analytics solutions and has raised a total of $3 billion in funding. Governments and organizations all across the world utilise its software platform to help them make better decisions and learn from massive amounts of data. Palantir Technologies Inc. (NYSE:PLTR) has a reputation for working with the American government and for playing a contentious part in national security and surveillance initiatives. The most recent investments in the company were made by ARK Investment Management and Milestone Ventures. 15. JUUL Revenue: $2 billion (estimated) Total Funding: $15.2 billion JUUL is an electronic cigarette (e-cigarette) brand that became popular in the United States for its sleek design, discreetness, and use of nicotine salts, which provide a strong hit of nicotine. In response, JUUL has taken steps to address these concerns, including discontinuing certain flavored Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $564,183,473,738 - Hash Rate: 358383011.4671458 - Transaction Count: 568516.0 - Unique Addresses: 612597.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Elon Musk has inadvertently revealed what appears to be a secret “burner” Twitter account that the billionaire has used to make under-the-radar comments about Tesla, Joe Biden, and the collapsed cryptocurrency exchange FTX. Mr Musk accidentally revealed the account, @Ermnmusk, when tweeting a screenshot of his Twitter settings menu to advertisethe platform’s subscription service. The second handle has the screen name Elon Test and its profile picture appears to be of his son X, whose mother is the musician Grimes. Research suggests the picture did not exist elsewhere on the internet until the existence of the account emerged. The account sent its first tweet in November and its last earlier this week, saying “I will finally turn 3 on May 4th!” in reference to the birthday of Mr Musk's son. In one exchange, the account tweeted: “Do you like Japanese girls?” at Michael Saylor, a prominent Bitcoin promoter. In others, he appears to imitate his two-year-old son. In response to another tweet about Caroline Ellison, a former executive at FTX who had a romantic relationship with the exchange’s founderSam Bankman-Fried, he tweeted “I [love] librarians” using a purple heart emoji. Mr Musk has not confirmed that the account is his, although it followers several users that he regularly interacts with. The account frequently replied to tweets about FTX, in one case responding to an explicit joke tweeted from Mr Musk’s main account. It also regularly complained that it had no followers, in contrast to Mr Musk whose 137m followers make him the most followed person on the service. The account has swelled to 42,700 followers since internet users identified it. The “Elon Test” account also commented on the large motorcade Joe Biden brought to last year’s Cop27 climate conference, saying: “Why does he need so many cars? Does he have a big family?” He responded to another tweet about Tesla’s full self-driving vehicle software with the single word “Wow!” The second account came to light after Mr Musk tweeted a screenshot of his Twitter settings, which allow users with multiple accounts to quickly switch between them by tapping the accounts’ profile pictures. Mr Musk may have a third account, according to reports. He acquired the Twitter handle @e, according to Zoe Schiffer, a reporter at the newsletter Platformer. The account, which has the screen name “John Utah” appears to have been suspended before Mr Musk acquired Twitter in October last year, possibly due to multiple hacking attempts associated with high-value one-letter usernames. The account follows three users – Mr Musk, Nasa, and a Los Angeles news website – but has no tweets on its account.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Morsa Images/Getty ImagesExchange-traded funds (ETFs) allow investors to buy a collection of stocks or other assets in just one fund with (usually) low expenses, and they trade on an exchange like stocks. ETFs have become tremendously popular in the last decade and now hold trillions of dollars in assets. With literally thousands of ETFs to choose from, where does an investor start? Below are some of the top ETFs by category, including some highly specialized funds.\nAnexchange-traded fundmay hold positions in many different assets, including stocks, bonds and sometimes commodities.\xa0ETFs most often track a specific index such as the Standard & Poor’s 500 or the Nasdaq 100, meaning they hold positions in the index companies at their same relative weights in the index.\xa0So by buying one share in the ETF, an investor effectively purchases a (tiny) share in all the assets held in the fund.\nETFs are often themed around a specific collection of stocks. An S&P 500 index fund is one of themost popular themes, but themes also includevalue or growth stocks, dividend-paying stocks, country-based investments, disruptive technologies, specific industries like information technology or healthcare, various bond maturities (short, medium and long) and many others.\nFor running an ETF, the fund company charges a fee called anexpense ratio. The expense ratio is the annual percentage of your total investment in the fund. For example, an ETF might charge a fee of 0.12 percent. That means on an annual basis an investor would pay $12 for every $10,000 invested in the fund. Low-cost ETFs are very popular with investors.\n• Equity ETFs\n• Bond ETFs\n• Balanced ETFs\n• Commodity ETFs\n• Currency ETFs\n• Real estate ETFs\n• Volatility ETFs\n• Leveraged ETFs\n• Inverse ETFs\nEquity ETFs provide exposure to a portfolio of publicly traded stocks, and may be divided into several categories by where the stock is listed, the size of the company, whether it pays a dividend or what sector it’s in. So investors can find the kind of stock funds they want exposure to and buy only stocks that meet certain criteria.\nStock ETFstend to be more volatile than other kinds of investments such as CDs or bonds, but they’re suitable for long-term investors looking to build wealth. Some of the most popular equity ETF sectors and their historical performance (as of April 28, 2023) include:\nThis kind of ETF gives investors broad exposure to publicly traded companies listed on American exchanges using a passive investment approach that tracks a major index such as the S&P 500 or Nasdaq 100.\nVanguard S&P 500 ETF (VOO)\n• 2023 YTD performance:8.3 percent\n• Historical performance (annual over 5 years):11.0 percent\n• Expense ratio:0.03 percent\nAlternatives:Some of the most widely held ETFs in this group also include SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV) and Invesco QQQ Trust (QQQ).\nThis kind of ETF can provide targeted exposure to international publicly traded companies broadly or by more specific geographic areas, such as Asia, Europe or emerging markets. Investing in foreign companies introduces concerns such as currency risk and governance risks, since foreign countries may not offer the same protections for investors as the U.S. does.\nVanguard FTSE Developed Markets ETF (VEA)\n• 2023 YTD performance:10.8 percent\n• Historical performance (annual over 5 years):3.6 percent\n• Expense ratio:0.05 percent\nAlternatives:Some of the most widely held ETFs also include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS).\nThis kind of ETF gives investors a way to buy stock in specific industries, such as consumer staples, energy, financials, healthcare, technology and more. These ETFs are typically passive, meaning they track a specific preset index of stocks and simply mechanically follow the index.\nVanguard Information Technology ETF (VGT)\n• 2023 YTD performance:19.3 percent\n• Historical performance (annual over 5 years):18.4 percent\n• Expense ratio:0.10 percent\nAlternatives:Some of the most widely held ETFs also include Financial Select Sector SPDR Fund (XLF), Energy Select Sector SPDR Fund (XLE) and Industrial Select Sector SPDR Fund (XLI).\nThis kind of ETF gives investors a way to buy only stocks that pay a dividend. Adividend ETF is usually passively managed, meaning it mechanically tracks an index of dividend-paying firms. This kind of ETF is usually more stable than a total market ETF, and it may be attractive to those looking for investments that produce income, such as retirees.\nThebest dividend ETFstend to offer higher returns and low cost.\nVanguard Dividend Appreciation ETF (VIG)\n• 2023 YTD performance:3.4 percent\n• Historical performance (annual over 5 years):11.2 percent\n• Expense ratio:0.06 percent\nAlternatives:Some of the most widely held ETFs here also include) Vanguard High Dividend Yield Index ETF (VYM) and Schwab U.S. Dividend Equity ETF (SCHD).\nAbond ETFprovides exposure to a portfolio of bonds, which are often divided into sub-sectors depending on bond type, their issuer, maturity and other factors, allowing investors to buy exactly the kind of bonds they want. Bonds pay out interest on a schedule, and the ETF passes this income on to holders.\nBond ETFs can be an attractive holding for those needing the safety of regular income, such as retirees. Some of the most popular bond ETF sectors and their returns include:\nThis kind of bond ETF gives exposure to bonds with a long maturity, perhaps as long as 30 years out. Long-term bond ETFs are most exposed to changes in interest rates, so if rates move higher or lower, these ETFs will move inversely to the direction of rates. While these ETFs may pay a higher yield than shorter-term bond ETFs, many don’t see the reward as worthy of the risk.\niShares MBS ETF (MBB)\n• 2023 YTD performance:2.6 percent\n• Historical performance (annual over 5 years):0.3 percent\n• Expense ratio:0.04 percent\nAlternatives:Some of the most widely held ETFs also include iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Mortgage-Backed Securities ETF (VMBS).\nThis kind of bond ETF gives exposure to bonds with a short maturity, typically no more than a few years. These bond ETFs won’t move much in response to changes to interest rates, meaning they’re relatively low risk. These ETFs can be a more attractive option than owning the bonds directly because the fund is highly liquid and more diversified than any individual bond.\nVanguard Short-Term Bond ETF (BSV)\n• 2023 YTD performance:2.1 percent\n• Historical performance (annual over 5 years):1.4 percent\n• Expense ratio:0.04 percent\nAlternatives:Some of the most widely held ETFs in this category also include iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury ETF (VGSH).\nThis kind of bond ETF gives investors exposure to a wide selection of bonds, diversified by type, issuer, maturity and region. A total bond market ETF provides a way to gain broad bond exposure without going too heavy in one direction, making it a way to diversify a stock-heavy portfolio.\nVanguard Total Bond Market ETF (BND)\n• 2023 YTD performance:3.3 percent\n• Historical performance (annual over 5 years):1.1 percent\n• Expense ratio:0.03 percent\nAlternatives:Some of the most widely held ETFs also include iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Total International Bond ETF (BNDX).\nThis kind of bond ETF gives exposure to bonds issued by states and cities, and interest on these bonds is typically tax-free, though it’s lower than that paid by other issuers. Muni bonds have traditionally been one of the safest areas of the bond market, though if you own out-of-state munis in a fund, you will lose the tax benefits in your home state, though not at the federal level. Given the tax advantages, it is advantageous to consider a municipal bond ETF that invests in your state of residence.\niShares National Muni Bond ETF (MUB)\n• 2023 YTD performance:1.9 percent\n• Historical performance (annual over 5 years):2.0 percent\n• Expense ratio:0.07 percent\nAlternatives:Some of the most widely held ETFs also include Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB).\nA balanced ETF owns both stock and bonds, and it targets a certain exposure to stock, which is often reflected in its name. These funds allow investors to have the long-term returns of stocks while reducing some of the risk with bonds, which tend to be more stable. A balanced ETF may be more suitable for long-term investors who may be a bit more conservative but need growth in their portfolio.\n• 2023 YTD performance:7.1 percent\n• Historical performance (annual over 5 years):5.7 percent\n• Expense ratio:0.15 percent\nAlternatives:Some of the most widely held balanced ETFs also include iShares Core Growth Allocation ETF (AOR) and iShares Core Moderate Allocation ETF (AOM).\nA commodity ETF gives investors a way to own specific commodities, including agricultural goods, oil, precious metals and others without having to transact in the futures markets. The ETF may own the commodity directly or via futures contracts. Commodities tend to be quite volatile, so they may not be well-suited for all investors. However, these ETFs may allow more advanced investors to diversify their holdings, hedge out exposure to a given commodity in their other investments or make a directional bet on the price of a given commodity. Thebest-performing gold ETFstend to offer highly effective portfolio diversification with added defensive stores of value.\n• 2023 YTD performance:8.9 percent\n• Historical performance (annual over 5 years):8.0 percent\n• Expense ratio:0.40 percent\nAlternatives:Some of the most widely held commodities ETFs also include iShares Silver Trust (SLV), United States Oil Fund LP (USO) and Invesco DB Agriculture Fund (DBA).\nA currency ETF gives investors exposure to a specific currency by simply buying an ETF rather than accessing theforeign exchange (forex) markets. Investors can gain access to some of the world’s most widely traded currencies, including the U.S. Dollar, the Euro, the British Pound, the Swiss Franc, the Japanese Yen and more. These ETFs are more suitable for advanced investors who may be seeking a way to hedge out exposure to a specific currency in their other investments or to simply make a directional bet on the value of a currency.\n• 2023 YTD performance:-0.4 percent\n• Historical performance (annual over 5 years):3.7 percent\n• Expense ratio:0.75 percent\nAlternatives:Some of the most widely held currency ETFs also include Invesco CurrencyShares Euro Trust (FXE) and Invesco CurrencyShares Swiss Franc Trust (FXF).\nReal estate ETFs usually focus on holding stocks classified asREITs, or real estate investment trusts. REITs are a convenient way to own an interest in companies that own and manage real estate, and REITs operate in many sectors of the market, including residential, commercial, industrial, lodging, cell towers, medical buildings and more. REITs typically pay out substantial dividends, which are then passed on to the holders of the ETF. These payouts make REITs and REIT ETFs particularly popular among those who need income, especially retirees. The best ETF REITs maximize dividend yields, as dividends are the main reason for investing in them.\n• 2023 YTD performance:0.7 percent\n• Historical performance (annual over 5 years):5.3 percent\n• Expense ratio:0.12 percent\nAlternatives:Some of the most widely held real estate ETFs also include iShares U.S. Real Estate ETF (IYR) and Schwab U.S. REIT ETF (SCHH).\nETFs even allow investors to bet on the volatility of the stock market through what are called volatility ETFs. Volatility is measured by the CBOE Volatility Index,commonly known as the VIX. Volatility usually rises when the market is falling and investors become uneasy, so a volatility ETF can be a way to hedge your investment in the market, helping to protect it. Because of how they’re structured, they’re best-suited for traders looking for short-term moves in the market, not long-term investors looking to profit from a rise in volatility.\n• 2023 YTD performance:-23.0 percent\n• Historical performance (annual over 5 years):-44.1 percent\n• Expense ratio:0.89 percent\nAlternatives:Some of the most widely held volatility ETFs also include the ProShares VIX Mid-Term Futures ETF (VIXM) and the ProShares Short VIX Short-Term Futures ETF (SVXY).\nA leveraged ETF goes up in value more rapidly than the index it’s tracking, and aleveraged ETF may target a gain that’s two or even three times higher than the daily return on its index. For example, a triple-leveraged ETF based on the S&P 500 should rise 3 percent on a day the index rises 1 percent. A double leveraged ETF would target a double return. Because of how leveraged ETFs are structured, they’re best-suited for traders looking for short-term returns on the target index over a few days, rather than long-term investors.\n• 2023 YTD performance:61.0 percent\n• Historical performance (annual over 5 years):18.1 percent\n• Expense ratio:0.86 percent\nAlternatives:Some of the most widely held leveraged ETFs also include ProShares Ultra QQQ (QLD), Direxion Daily Semiconductor Bull 3x Shares (SOXL) and ProShares Ultra S&P 500 (SSO).\nInverse ETFs go up in value when the market declines, and they allow investors to buy one fund that inversely tracks a specific index such as the S&P 500 or Nasdaq 100. These ETFs may target the exact inverse performance of the index, orthey may try to offer two or three times the performance, like a leveraged ETF. For example, if the S&P 500 fell 2 percent in a day, a triple inverse should rise about 6 percent that day. Because of how they’re structured, inverse ETFs are best-suited for traders looking to capitalize on short-term declines in an index.\n• 2023 YTD performance:-6.0 percent\n• Historical performance (annual over 5 years):-12.7 percent\n• Expense ratio:0.89 percent\nAlternatives:Some of the most widely held inverse ETFs also include ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraShort S&P 500 (SDS).\nIt’s relatively easy toinvest in ETFs, and this fact makes them popular with investors. You can buy and sell them on an exchange like a regular stock. Here’s how to invest in an ETF:\nYou have a choice of more than 3,000 ETFs trading in the U.S., so you’ll have to sift through the funds to determine which one you want to buy.\nOne good option is to buy an index fund based on the S&P 500, since it includes the top publicly traded stocks listed in the U.S. (Plus, it’s the recommendation of super investor Warren Buffett.) But other broad-based index funds can also be a good choice, reducing (but not eliminating) your investment risk. Many companies offer similar index funds, so compare the expense ratio on each to see which one offers the best deal.\nOnce you’ve found a fund to invest in, note its ticker symbol, a three- or four-letter code.\nNow determine how much you’re able to invest in the ETF. You may have a specific amount available to you now that you want to put into the market. But what you can invest may also depend on the price of the ETF.\nAn ETF may trade at a price of $10 or $15 or maybe even a few hundred dollars per share. Generally, you’ll need to buy at least one whole share when placing an order. However, if you use abroker that allows fractional shares, you can put any amount of money to work, regardless of the ETF price. In many cases these brokers do not charge a trading commission either.\nFortunes are built over years, so it’s important to continue to add money to the market over time. So you should also determine how much you can add to the market regularly over time.\nNow it’s time to place the order with your broker. If you have money in the account already, you can place the trade using the ETF’s ticker symbol. If not, deposit money into the account and then place the trade when the money clears.\nIf you don’t have a brokerage account, it usually takes just a few minutes to set one up. A handful of brokers such asRobinhoodandWebullallow you to instantly fund your account. So in some cases you could get started and be fully trading in minutes.\nInflationis the persistent increase in prices over time, and it gradually reduces your purchasing power.\xa0To protect yourself from inflation, you need investments that rise faster than it does. And one way to do that is to actually own the businesses – or stock in them – that benefit from inflation.\nOften the beneficiary is a high-quality business that can push on those rising prices to consumers. By owning a stake in the business – through stock or a collection of stocks in an ETF – you can benefit when your companies raise their prices. So owning stock can be a way toprotect yourself from inflation.\nInvestors have a good choice of ETFs when it comes tohedging against inflation. Two of the most popular ETFs include index funds based on the Standard & Poor’s 500 index and the Nasdaq 100 index, which contain high-quality businesses listed on American exchanges:\n• Vanguard S&P 500 ETF (VOO), with an expense ratio of 0.03 percent\n• Invesco QQQ Trust (QQQ), with an expense ratio of 0.20 percent\nBoth are low-cost funds that give you stakes in some of the world’s best companies, helping protect you from inflation.\nCurrently, there are no ETFs that allow you to invest directly inBitcoin or other cryptocurrencies. Several companies, includingFidelity, have applied with the Securities and Exchange Commission (SEC) to offer Bitcoin ETFs, but the agency has been slow to approve them. In a recent statement, the SEC questioned whether the Bitcoin futures market could support the entry of ETFs, which aren’t able to limit additional investor assets if a fund were to become too large or dominant.\nHowever, there are ETFs that invest in companies using the technology behind Bitcoin, known asblockchain. These ETFs hold shares in companies such as Microsoft, PayPal, Mastercard and Square. All of these companies use blockchain technology in different parts of their businesses. One thing these ETFs don’t give you is direct exposure toBitcoinitself, but as blockchain technology continues to grow, the companies in these ETFs could benefit.\nIt’s unclear when or if ETFs that invest in Bitcoin or other cryptocurrencies directly will be available for purchase. It’s important to remember that cryptocurrencies are highly speculative investments and don’t produce anything for their owners. ETFs that focus on blockchain may ultimately be a safer way to profit from its future innovation.\nETFs are a good kind of investment because of the benefits they deliver to investors, and ETFs can generate significant returns for investors, if they select the right funds.\nETFs provide several benefits to investors, including the ability to buy multiple assets in one fund, the risk-reducing benefits of diversification and the generally low costs to manage the fund. The cheapest funds are generally passively managed and may cost just a few dollars annually for every $10,000 invested. Plus, passively managed ETFs often perform much better than actively managed ones.\nHow an individual ETF performs depends completely on the stocks, bonds and other assets that it owns. If these assets rise in value, then the ETF will rise in value, too. If the assets fall, so will the ETF. The performance of the ETF is just the weighted average of the return of its holdings.\nSo not all ETFs are the same, and that’s why it’s important to know what your ETF owns.\nAn ETF may hold stakes in many different kinds of assets, including stocks and bonds. In contrast, a stock is an ownership interest in a specific company. While some ETFs consist entirely of stocks, an ETF and stock behave differently:\n• Stocks usually fluctuate more than ETFs.An individual stock usually moves around a lot more than an ETF does. That means you might make or lose more money on an individual stock than you would on an ETF.\n• ETFs are more diversified.By buying a stock ETF you’re taking advantage of the power of diversification, putting your eggs in many different stocks rather than just one stock or a few individual stocks. This helps reduce your risk over time.\n• Returns on a stock ETF depend on many companies, not just one.The performance of an ETF depends on the weighted average performance of its investments, whereas with an individual stock the return depends entirely on the performance of that one company.\nThose differences are some of the most important between ETFs and stocks.\nETFs and mutual fundsboth have similar structures and benefits. They both can offer a pool of investments such as stocks and bonds, reduced risk due to diversification (compared to single stock holdings or a portfolio of a few stocks), low management fees and the potential for attractive returns.\nBut these two types of funds differ in some key ways:\n• ETFs are usually passive investments.Most ETFs usually just follow a predetermined index, investing mechanically based on whatever is in the index. In contrast, mutual funds are often actively managed, meaning a fund manager is investing the money, ideally to try to beat the market.Research shows that over the long term passive management usually wins.\n• ETFs are often cheaper than mutual funds.Passive investing is cheaper to set up than active management, where the fund company must pay a team of experts to analyze the market. As a result, ETFs are cheaper than mutual funds as a whole, though passively managed index mutual funds can be cheaper than ETFs.\n• Commissions may be higher with mutual funds.Today, virtually all major online brokers do not charge a commission to buy ETFs. In contrast, many mutual funds do have a sales commission, depending on the brokerage,though many are also offered for no trading commission, too.\n• ETFs do not have sales loads.Sometimes mutual funds may have a sales load, which is a further commission to the salesperson. These funds can be 1 or even 2 percent of your total investment, hurting your returns. ETFs do not have these fees.\n• You can trade ETFs any time the market is open.ETFs trade like stocks on an exchange, and you can place an order during the trading day and know exactly the price you’re paying. In contrast, a mutual fund is priced after the market closes and only then are shares traded.\n• Mutual funds may be forced to make a taxable distribution.At the end of the year mutual funds may have to make a capital gains distribution, which is taxable to its shareholders, even if they haven’t sold the fund. That’s not the case with ETFs.\nThose are some of the biggest differences between ETFs and mutual funds, though both do achieve the same goal of providing investors a diversified investment fund. While it may seem that ETFs are clearly better,sometimes mutual funds are the better choice for low costs.\nETFs are a good choice for beginners who do not have a lot of experience investing in the markets. But if the ETF is investing in market-based assets such as stocks and bonds, it can lose money. These investments are not insured against loss by the government.\nBut ETFs can offer a lot to beginners and even more experienced investors who do not want to analyze investments or invest in individual stocks. For example, rather than trying to pick winning stocks, you could simply buy an index fund and own a piece of many top companies.\nBy investing in many assets, sometimes hundreds, ETFs provide the benefits of diversification, reducing (but not eliminating) the risk for investors, compared to just owning a handful of assets.\nSo ETFs – depending on what they’re invested in – can be a safe choice for beginners.\nOne of the big advantages of ETFs is their liquidity, meaning that they’re easily convertible to cash. Investors can buy and sell their funds on any day the market is open.\nThat said, there’s no guarantee that you can get what you paid for the investment.\nETFs do have some disadvantages but they’re not usually too significant:\n• The ETF is only as good as its holdings.If the ETF owns poorly performing assets, it’s going to perform poorly. The ETF structure can’t turn lead into gold.\n• ETFs won’t be the highest performers.Due to their diversified nature, ETFs will never be among the highest-performing investments. For instance, an automobile industry ETF will never outperform the best-performing individual auto producer.\n• ETFs may not be as focused as they seem.Some ETFs say they give you exposure to a certain country or industry (such as blockchain ETFs). In reality, many of the companies included in these ETFs derive substantial portions of their earnings from outside the target area. For example, an ETF that focuses on Europe may include BMW, though the German car company generates huge sales all over the world. So an ETF can be much less focused on a given investing niche than its name leads you to believe.\nFor these reasons, you’ll want to understand what assets a given ETF owns and whether that’s what you actually want to own when you buy the ETF.\n• Vanguard S&P 500 ETF (VOO)\n• Vanguard FTSE Developed Markets ETF (VEA)\n• Vanguard Information Technology ETF (VGT)\n• Vanguard Dividend Appreciation ETF (VIG)\n• iShares MBS ETF (MBB)\n• Vanguard Short-Term Bond ETF (BSV)\n• Vanguard Total Bond Market ETF (BND)\n• iShares National Muni Bond ETF (MUB)\n• iShares Core Aggressive Allocation ETF (AOA)\n• SPDR Gold Shares (GLD)\n• Invesco DB US Dollar Index Bullish Fund (UUP)\n• Vanguard Real Estate ETF (VNQ)\n• iPath Series B S&P 500 VIX Short-Term Futures (VXX)\n• ProShares UltraPro QQQ (TQQQ)\n• ProShares Short S&P 500 ETF (SH)\nEditorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.', 'Morsa Images/Getty Images Exchange-traded funds (ETFs) allow investors to buy a collection of stocks or other assets in just one fund with (usually) low expenses, and they trade on an exchange like stocks. ETFs have become tremendously popular in the last decade and now hold trillions of dollars in assets. With literally thousands of ETFs to choose from, where does an investor start? Below are some of the top ETFs by category, including some highly specialized funds. What is an ETF and how does it work? An exchange-traded fund may hold positions in many different assets, including stocks, bonds and sometimes commodities.\xa0ETFs most often track a specific index such as the Standard & Poor’s 500 or the Nasdaq 100, meaning they hold positions in the index companies at their same relative weights in the index.\xa0So by buying one share in the ETF, an investor effectively purchases a (tiny) share in all the assets held in the fund. ETFs are often themed around a specific collection of stocks. An S&P 500 index fund is one of the most popular themes , but themes also include value or growth stocks , dividend-paying stocks, country-based investments, disruptive technologies, specific industries like information technology or healthcare, various bond maturities (short, medium and long) and many others. For running an ETF, the fund company charges a fee called an expense ratio . The expense ratio is the annual percentage of your total investment in the fund. For example, an ETF might charge a fee of 0.12 percent. That means on an annual basis an investor would pay $12 for every $10,000 invested in the fund. Low-cost ETFs are very popular with investors. Best ETFs of May 2023 by type: Equity ETFs Bond ETFs Balanced ETFs Commodity ETFs Currency ETFs Real estate ETFs Volatility ETFs Leveraged ETFs Inverse ETFs Top equity ETFs Equity ETFs provide exposure to a portfolio of publicly traded stocks, and may be divided into several categories by where the stock is listed, the size of the company, whether it pays a dividend or what sector it’s in. So investors can find the kind of stock funds they want exposure to and buy only stocks that meet certain criteria. Story continues Stock ETFs tend to be more volatile than other kinds of investments such as CDs or bonds, but they’re suitable for long-term investors looking to build wealth. Some of the most popular equity ETF sectors and their historical performance (as of April 28, 2023) include: Top U.S. market-cap index ETFs This kind of ETF gives investors broad exposure to publicly traded companies listed on American exchanges using a passive investment approach that tracks a major index such as the S&P 500 or Nasdaq 100. Vanguard S&P 500 ETF (VOO) 2023 YTD performance: 8.3 percent Historical performance (annual over 5 years): 11.0 percent Expense ratio: 0.03 percent Alternatives: Some of the most widely held ETFs in this group also include SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV) and Invesco QQQ Trust (QQQ). Top international ETFs This kind of ETF can provide targeted exposure to international publicly traded companies broadly or by more specific geographic areas, such as Asia, Europe or emerging markets. Investing in foreign companies introduces concerns such as currency risk and governance risks, since foreign countries may not offer the same protections for investors as the U.S. does. Vanguard FTSE Developed Markets ETF (VEA) 2023 YTD performance: 10.8 percent Historical performance (annual over 5 years): 3.6 percent Expense ratio: 0.05 percent Alternatives: Some of the most widely held ETFs also include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). Top sector ETFs This kind of ETF gives investors a way to buy stock in specific industries, such as consumer staples, energy, financials, healthcare, technology and more. These ETFs are typically passive, meaning they track a specific preset index of stocks and simply mechanically follow the index. Vanguard Information Technology ETF (VGT) 2023 YTD performance: 19.3 percent Historical performance (annual over 5 years): 18.4 percent Expense ratio: 0.10 percent Alternatives: Some of the most widely held ETFs also include Financial Select Sector SPDR Fund (XLF), Energy Select Sector SPDR Fund (XLE) and Industrial Select Sector SPDR Fund (XLI). Dividend ETFs This kind of ETF gives investors a way to buy only stocks that pay a dividend. A dividend ETF is usually passively managed , meaning it mechanically tracks an index of dividend-paying firms. This kind of ETF is usually more stable than a total market ETF, and it may be attractive to those looking for investments that produce income, such as retirees. The best dividend ETFs tend to offer higher returns and low cost. Vanguard Dividend Appreciation ETF (VIG) 2023 YTD performance: 3.4 percent Historical performance (annual over 5 years): 11.2 percent Expense ratio: 0.06 percent Alternatives: Some of the most widely held ETFs here also include) Vanguard High Dividend Yield Index ETF (VYM) and Schwab U.S. Dividend Equity ETF (SCHD). Top bond ETFs A bond ETF provides exposure to a portfolio of bonds, which are often divided into sub-sectors depending on bond type, their issuer, maturity and other factors, allowing investors to buy exactly the kind of bonds they want. Bonds pay out interest on a schedule, and the ETF passes this income on to holders. Bond ETFs can be an attractive holding for those needing the safety of regular income, such as retirees. Some of the most popular bond ETF sectors and their returns include: Long-term bond ETFs This kind of bond ETF gives exposure to bonds with a long maturity, perhaps as long as 30 years out. Long-term bond ETFs are most exposed to changes in interest rates, so if rates move higher or lower, these ETFs will move inversely to the direction of rates. While these ETFs may pay a higher yield than shorter-term bond ETFs, many don’t see the reward as worthy of the risk. iShares MBS ETF (MBB) 2023 YTD performance: 2.6 percent Historical performance (annual over 5 years): 0.3 percent Expense ratio: 0.04 percent Alternatives: Some of the most widely held ETFs also include iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Mortgage-Backed Securities ETF (VMBS). Short-term bond ETFs This kind of bond ETF gives exposure to bonds with a short maturity, typically no more than a few years. These bond ETFs won’t move much in response to changes to interest rates, meaning they’re relatively low risk. These ETFs can be a more attractive option than owning the bonds directly because the fund is highly liquid and more diversified than any individual bond. Vanguard Short-Term Bond ETF (BSV) 2023 YTD performance: 2.1 percent Historical performance (annual over 5 years): 1.4 percent Expense ratio: 0.04 percent Alternatives: Some of the most widely held ETFs in this category also include iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury ETF (VGSH). Total bond market ETFs This kind of bond ETF gives investors exposure to a wide selection of bonds, diversified by type, issuer, maturity and region. A total bond market ETF provides a way to gain broad bond exposure without going too heavy in one direction, making it a way to diversify a stock-heavy portfolio. Vanguard Total Bond Market ETF (BND) 2023 YTD performance: 3.3 percent Historical performance (annual over 5 years): 1.1 percent Expense ratio: 0.03 percent Alternatives: Some of the most widely held ETFs also include iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Total International Bond ETF (BNDX). Municipal bond ETFs This kind of bond ETF gives exposure to bonds issued by states and cities, and interest on these bonds is typically tax-free, though it’s lower than that paid by other issuers. Muni bonds have traditionally been one of the safest areas of the bond market, though if you own out-of-state munis in a fund, you will lose the tax benefits in your home state, though not at the federal level. Given the tax advantages, it is advantageous to consider a municipal bond ETF that invests in your state of residence. iShares National Muni Bond ETF (MUB) 2023 YTD performance: 1.9 percent Historical performance (annual over 5 years): 2.0 percent Expense ratio: 0.07 percent Alternatives: Some of the most widely held ETFs also include Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB). Top balanced ETFs A balanced ETF owns both stock and bonds, and it targets a certain exposure to stock, which is often reflected in its name. These funds allow investors to have the long-term returns of stocks while reducing some of the risk with bonds, which tend to be more stable. A balanced ETF may be more suitable for long-term investors who may be a bit more conservative but need growth in their portfolio. iShares Core Aggressive Allocation ETF (AOA) 2023 YTD performance: 7.1 percent Historical performance (annual over 5 years): 5.7 percent Expense ratio: 0.15 percent Alternatives: Some of the most widely held balanced ETFs also include iShares Core Growth Allocation ETF (AOR) and iShares Core Moderate Allocation ETF (AOM). Top commodity ETFs A commodity ETF gives investors a way to own specific commodities, including agricultural goods, oil, precious metals and others without having to transact in the futures markets. The ETF may own the commodity directly or via futures contracts. Commodities tend to be quite volatile, so they may not be well-suited for all investors. However, these ETFs may allow more advanced investors to diversify their holdings, hedge out exposure to a given commodity in their other investments or make a directional bet on the price of a given commodity. The best-performing gold ETFs tend to offer highly effective portfolio diversification with added defensive stores of value. SPDR Gold Shares (GLD) 2023 YTD performance: 8.9 percent Historical performance (annual over 5 years): 8.0 percent Expense ratio: 0.40 percent Alternatives: Some of the most widely held commodities ETFs also include iShares Silver Trust (SLV), United States Oil Fund LP (USO) and Invesco DB Agriculture Fund (DBA). Top currency ETFs A currency ETF gives investors exposure to a specific currency by simply buying an ETF rather than accessing the foreign exchange (forex) markets . Investors can gain access to some of the world’s most widely traded currencies, including the U.S. Dollar, the Euro, the British Pound, the Swiss Franc, the Japanese Yen and more. These ETFs are more suitable for advanced investors who may be seeking a way to hedge out exposure to a specific currency in their other investments or to simply make a directional bet on the value of a currency. Invesco DB US Dollar Index Bullish Fund (UUP) 2023 YTD performance: -0.4 percent Historical performance (annual over 5 years): 3.7 percent Expense ratio: 0.75 percent Alternatives: Some of the most widely held currency ETFs also include Invesco CurrencyShares Euro Trust (FXE) and Invesco CurrencyShares Swiss Franc Trust (FXF). Top real estate ETFs (REIT ETFs) Real estate ETFs usually focus on holding stocks classified as REITs , or real estate investment trusts. REITs are a convenient way to own an interest in companies that own and manage real estate, and REITs operate in many sectors of the market, including residential, commercial, industrial, lodging, cell towers, medical buildings and more. REITs typically pay out substantial dividends, which are then passed on to the holders of the ETF. These payouts make REITs and REIT ETFs particularly popular among those who need income, especially retirees. The best ETF REITs maximize dividend yields, as dividends are the main reason for investing in them. Vanguard Real Estate ETF (VNQ) 2023 YTD performance: 0.7 percent Historical performance (annual over 5 years): 5.3 percent Expense ratio: 0.12 percent Alternatives: Some of the most widely held real estate ETFs also include iShares U.S. Real Estate ETF (IYR) and Schwab U.S. REIT ETF (SCHH). Top volatility ETFs ETFs even allow investors to bet on the volatility of the stock market through what are called volatility ETFs. Volatility is measured by the CBOE Volatility Index, commonly known as the VIX . Volatility usually rises when the market is falling and investors become uneasy, so a volatility ETF can be a way to hedge your investment in the market, helping to protect it. Because of how they’re structured, they’re best-suited for traders looking for short-term moves in the market, not long-term investors looking to profit from a rise in volatility. iPath Series B S&P 500 VIX Short-Term Futures (VXX) 2023 YTD performance: -23.0 percent Historical performance (annual over 5 years): -44.1 percent Expense ratio: 0.89 percent Alternatives: Some of the most widely held volatility ETFs also include the ProShares VIX Mid-Term Futures ETF (VIXM) and the ProShares Short VIX Short-Term Futures ETF (SVXY). Top leveraged ETFs A leveraged ETF goes up in value more rapidly than the index it’s tracking, and a leveraged ETF may target a gain that’s two or even three times higher than the daily return on its index . For example, a triple-leveraged ETF based on the S&P 500 should rise 3 percent on a day the index rises 1 percent. A double leveraged ETF would target a double return. Because of how leveraged ETFs are structured, they’re best-suited for traders looking for short-term returns on the target index over a few days, rather than long-term investors. ProShares UltraPro QQQ (TQQQ) 2023 YTD performance: 61.0 percent Historical performance (annual over 5 years): 18.1 percent Expense ratio: 0.86 percent Alternatives: Some of the most widely held leveraged ETFs also include ProShares Ultra QQQ (QLD), Direxion Daily Semiconductor Bull 3x Shares (SOXL) and ProShares Ultra S&P 500 (SSO). Top inverse ETFs Inverse ETFs go up in value when the market declines, and they allow investors to buy one fund that inversely tracks a specific index such as the S&P 500 or Nasdaq 100. These ETFs may target the exact inverse performance of the index, or they may try to offer two or three times the performance , like a leveraged ETF. For example, if the S&P 500 fell 2 percent in a day, a triple inverse should rise about 6 percent that day. Because of how they’re structured, inverse ETFs are best-suited for traders looking to capitalize on short-term declines in an index. ProShares Short S&P 500 ETF (SH) 2023 YTD performance: -6.0 percent Historical performance (annual over 5 years): -12.7 percent Expense ratio: 0.89 percent Alternatives: Some of the most widely held inverse ETFs also include ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraShort S&P 500 (SDS). How to invest in ETFs It’s relatively easy to invest in ETFs , and this fact makes them popular with investors. You can buy and sell them on an exchange like a regular stock. Here’s how to invest in an ETF: 1. Find which ETF you want to buy You have a choice of more than 3,000 ETFs trading in the U.S., so you’ll have to sift through the funds to determine which one you want to buy. One good option is to buy an index fund based on the S&P 500, since it includes the top publicly traded stocks listed in the U.S. ( Plus, it’s the recommendation of super investor Warren Buffett .) But other broad-based index funds can also be a good choice, reducing (but not eliminating) your investment risk. Many companies offer similar index funds, so compare the expense ratio on each to see which one offers the best deal. Once you’ve found a fund to invest in, note its ticker symbol, a three- or four-letter code. 2. Figure out how much you can invest Now determine how much you’re able to invest in the ETF. You may have a specific amount available to you now that you want to put into the market. But what you can invest may also depend on the price of the ETF. An ETF may trade at a price of $10 or $15 or maybe even a few hundred dollars per share. Generally, you’ll need to buy at least one whole share when placing an order. However, if you use a broker that allows fractional shares , you can put any amount of money to work, regardless of the ETF price. In many cases these brokers do not charge a trading commission either. Fortunes are built over years, so it’s important to continue to add money to the market over time. So you should also determine how much you can add to the market regularly over time. 3. Place the order with your broker Now it’s time to place the order with your broker. If you have money in the account already, you can place the trade using the ETF’s ticker symbol. If not, deposit money into the account and then place the trade when the money clears. If you don’t have a brokerage account, it usually takes just a few minutes to set one up. A handful of brokers such as Robinhood and Webull allow you to instantly fund your account. So in some cases you could get started and be fully trading in minutes. Protect yourself from inflation with ETFs Inflation is the persistent increase in prices over time, and it gradually reduces your purchasing power.\xa0To protect yourself from inflation, you need investments that rise faster than it does. And one way to do that is to actually own the businesses – or stock in them – that benefit from inflation. Often the beneficiary is a high-quality business that can push on those rising prices to consumers. By owning a stake in the business – through stock or a collection of stocks in an ETF – you can benefit when your companies raise their prices. So owning stock can be a way to protect yourself from inflation . Investors have a good choice of ETFs when it comes to hedging against inflation . Two of the most popular ETFs include index funds based on the Standard & Poor’s 500 index and the Nasdaq 100 index, which contain high-quality businesses listed on American exchanges: Vanguard S&P 500 ETF (VOO), with an expense ratio of 0.03 percent Invesco QQQ Trust (QQQ), with an expense ratio of 0.20 percent Both are low-cost funds that give you stakes in some of the world’s best companies, helping protect you from inflation. What to know about crypto and ETFs in 2023 Currently, there are no ETFs that allow you to invest directly in Bitcoin or other cryptocurrencies . Several companies, including Fidelity , have applied with the Securities and Exchange Commission (SEC) to offer Bitcoin ETFs, but the agency has been slow to approve them. In a recent statement, the SEC questioned whether the Bitcoin futures market could support the entry of ETFs, which aren’t able to limit additional investor assets if a fund were to become too large or dominant. However, there are ETFs that invest in companies using the technology behind Bitcoin, known as blockchain . These ETFs hold shares in companies such as Microsoft, PayPal, Mastercard and Square. All of these companies use blockchain technology in different parts of their businesses. One thing these ETFs don’t give you is direct exposure to Bitcoin itself, but as blockchain technology continues to grow, the companies in these ETFs could benefit. It’s unclear when or if ETFs that invest in Bitcoin or other cryptocurrencies directly will be available for purchase. It’s important to remember that cryptocurrencies are highly speculative investments and don’t produce anything for their owners. ETFs that focus on blockchain may ultimately be a safer way to profit from its future innovation. Exchange-traded fund (ETF) FAQ Are ETFs a good type of investment? ETFs are a good kind of investment because of the benefits they deliver to investors, and ETFs can generate significant returns for investors, if they select the right funds. ETFs provide several benefits to investors, including the ability to buy multiple assets in one fund, the risk-reducing benefits of diversification and the generally low costs to manage the fund. The cheapest funds are generally passively managed and may cost just a few dollars annually for every $10,000 invested. Plus, passively managed ETFs often perform much better than actively managed ones. How an individual ETF performs depends completely on the stocks, bonds and other assets that it owns. If these assets rise in value, then the ETF will rise in value, too. If the assets fall, so will the ETF. The performance of the ETF is just the weighted average of the return of its holdings. So not all ETFs are the same, and that’s why it’s important to know what your ETF owns. What’s the difference between ETFs and stocks? An ETF may hold stakes in many different kinds of assets, including stocks and bonds. In contrast, a stock is an ownership interest in a specific company. While some ETFs consist entirely of stocks, an ETF and stock behave differently: Stocks usually fluctuate more than ETFs. An individual stock usually moves around a lot more than an ETF does. That means you might make or lose more money on an individual stock than you would on an ETF. ETFs are more diversified. By buying a stock ETF you’re taking advantage of the power of diversification, putting your eggs in many different stocks rather than just one stock or a few individual stocks. This helps reduce your risk over time. Returns on a stock ETF depend on many companies, not just one. The performance of an ETF depends on the weighted average performance of its investments, whereas with an individual stock the return depends entirely on the performance of that one company. Those differences are some of the most important between ETFs and stocks. What’s the difference between ETFs and mutual funds? ETFs and mutual funds both have similar structures and benefits. They both can offer a pool of investments such as stocks and bonds, reduced risk due to diversification (compared to single stock holdings or a portfolio of a few stocks), low management fees and the potential for attractive returns. But these two types of funds differ in some key ways: ETFs are usually passive investments. Most ETFs usually just follow a predetermined index, investing mechanically based on whatever is in the index. In contrast, mutual funds are often actively managed, meaning a fund manager is investing the money, ideally to try to beat the market. Research shows that over the long term passive management usually wins. ETFs are often cheaper than mutual funds. Passive investing is cheaper to set up than active management, where the fund company must pay a team of experts to analyze the market. As a result, ETFs are cheaper than mutual funds as a whole, though passively managed index mutual funds can be cheaper than ETFs. Commissions may be higher with mutual funds. Today, virtually all major online brokers do not charge a commission to buy ETFs. In contrast, many mutual funds do have a sales commission, depending on the brokerage, though many are also offered for no trading commission, too . ETFs do not have sales loads. Sometimes mutual funds may have a sales load, which is a further commission to the salesperson. These funds can be 1 or even 2 percent of your total investment, hurting your returns. ETFs do not have these fees. You can trade ETFs any time the market is open. ETFs trade like stocks on an exchange, and you can place an order during the trading day and know exactly the price you’re paying. In contrast, a mutual fund is priced after the market closes and only then are shares traded. Mutual funds may be forced to make a taxable distribution. At the end of the year mutual funds may have to make a capital gains distribution, which is taxable to its shareholders, even if they haven’t sold the fund. That’s not the case with ETFs. Those are some of the biggest differences between ETFs and mutual funds, though both do achieve the same goa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $549,920,069,012 - Hash Rate: 440714243.8312197 - Transaction Count: 682281.0 - Unique Addresses: 697731.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today UPDATE (17:41 UTC, April 25): Adds denial from Poolin and WuBlockchain's details on the potential mislabeling of the wallet by CryptoQuant. Poolin, a firm that runs a crypto mining pool and a wallet service, may have moved 5,640 bitcoin ($150 million) from its main wallet on April 21, according to CryptoQuant data , around the time the world's largest digital asset dropped to $28,000. This marks the biggest outflow from miners since December 2020. However, Kevin Pan, CEO and founder of Poolin disputed the data to CoinDesk, adding that the wallet address doesn’t match up to the company’s profile and activity. Meanwhile, news outlet WuBlockchain tweeted that it might be a case of mislabeling of the address. CryptoQuant couldn't be reached for comment. The firm has issued at least $238 million in I-owe-you (IOU) tokens, according to analyst estimates , to its users after it froze withdrawals from its wallet service in September, citing liquidity issues . Data from CryptoQuant shows that Poolin still has 9,935 BTC in its accounts. It is unclear whether the $150 million was liquidated or simply moved to another account. Poolin hasn't posted any updates on redeeming the IOU tokens on its wallet arm's Medium site. Several users on its Telegram community support forum were still complaining about not being paid back as of the time of writing. Read more: Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet... - Reddit Posts (Sample): [['u/Bhosdi_Waala', 'Considering moving funds from Vanguard FTSE All World Distributing to Accumulating', 19, '2023-05-01 01:01', 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/', "Hey everyone, \n\nI've lately been reading some posts about how [the first 100K is the hardest to reach](https://fourpillarfreedom.com/charlie-munger-the-first-100000-is-a-btch/)\n\nI started off investing in the Distributing fund in order to leverage Germany's tax free dividends (up to 1000 euros per year)\n\nBut after reading these articles, I thought to myself that I'd rather reach that 100K threshold sooner than get a 1000 euro reward every year.\n\nSo I am considering liquidating my Distributing positions and moving them into the Accumulation fund. \n\nWould this be a wise choice considering the taxes I'll have to pay on the sell and perhaps the price fluctuation when selling and buying?", 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/', '1345qou', [['u/Fadjaros', 43, '2023-05-01 01:49', 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/jidbgda/', "Just keep what you have in the distributing one and start buying the accumulating. There is no point in selling. You won't get there a lot faster and you will have to pay taxes on the sale. It doesn't make sense", '1345qou'], ['u/XxXMorsXxX', 10, '2023-05-01 11:24', 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/jietm71/', 'You currently have optimized investing according to the tax characteristics of you country of residence. Looking to mess with it because of some phycological/motivation articles regarding investing seems like bad practice to me.', '1345qou']]], ['u/middlemangv', 'Am I wrong if I have zero empathy for people who invest in PEPE and lose money?', 407, '2023-05-01 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/', "I honestly have zero empathy for people who invest in PEPE and lose money. I don't feel sorry for them at all. It is a shitcoin. I would say that anyone who invested in PEPE before it blew up is greedy. There are people who invested some spare change in it and did good.\n\nCoins like this one, in my opinion, have bad impact on crypto.\n\nNew people join, get scammed, think crypto is a scam, stop investing in crypto.\n\n\n\nTheir roadmap:\n\n\n\nhttps://preview.redd.it/elt3f9snx3xa1.png?width=1032&format=png&auto=webp&v=enabled&s=a751a7f68f046d704eff47b8ca77eb575e7a2768\n\nI mean, come on...phase 2 Vibe and HODL?\n\nPhase 3 - Pepe merch and Pepe academy?\n\nIt is a memecoin.\n\nThey are even being iroinc about flipping BTC in phase 3.\n\nTheir tocenomics is awfull.\n\nIt is pump and dump scheme, probably with devs investing with their friends already for free.\n\n\n\nI shouldn't care where people invest, and I don't, I just don't feel sorry when they lose it. Am I wrong for it?", 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/', '1346f56', [['u/TheGoonKills', 10, '2023-05-01 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jida4dv/', "Nah. A fool and his money are soon parted. If it wasn't PEPE, they would have spent it on a Trump NFT or something equally stupid.", '1346f56'], ['u/TruthSeeekeer', 248, '2023-05-01 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidaazk/', 'Why would I have empathy for someone investing and losing money?\n\nHappens to me all the time.', '1346f56'], ['u/Elie0_0', 28, '2023-05-01 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidafc8/', "Pepe isn't even listed on any major exchanges right now, can't imagine how much it will go up if a major exchange lists it", '1346f56'], ['u/Certain_Cranberry_77', 11, '2023-05-01 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidah72/', 'Flip btc on phase 3 got me in.', '1346f56'], ['u/TOXICCARBY', 13, '2023-05-01 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidbfo6/', 'They know the risks of investing in such a coin', '1346f56'], ['u/jwz9904', 79, '2023-05-01 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidex5i/', 'No one really cares', '1346f56'], ['u/philosouf', 64, '2023-05-01 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidfm3d/', "Now I'm sure it will go up even higher if cc is bashing it", '1346f56'], ['u/void_evilness', 127, '2023-05-01 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidfpsc/', 'Is it a stupid way of spending money? Yes.\n\nIs it like gambling at a casino? Yes.\n\nShould you laugh at people who spend money at the casino and lose? No.\n\nShould you feel ‘superior’ for not gambling and being responsible? No.\n\nThere. Dont be ego', '1346f56'], ['u/MaeronTargaryen', 19, '2023-05-01 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidfsex/', 'It’s unfair, some people lose less money on meme coins than what I lose on blue chips', '1346f56'], ['u/Layer2Mechs', 13, '2023-05-01 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidg1s2/', 'its crazy the cope im seeing from people missing out on pepe.\n\nlet me tell you why this is the next play in 3 steps\n\n1.) crypto was made post 2008 financial crash as a separate store of value\n\n2.) banks currently collapsing, btc going up as a correlation \n\n3.) memecoins pump the hardest in a bull market, i believe the falling of banks is igniting a bull run. pepe will suceed because its one in a million memecoin. no shitty pump and dump “influencers” shilling it, the team isnt making promises and embracing what is it, a meme coin. not making any promises to “change the world” or “make a layer 2” like shib. every day you wait you lose on free money.\n\n\nfor reference. i bought sub 200k mc with .01 e', '1346f56'], ['u/GabeSter', 33, '2023-05-01 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidhpm4/', 'You must be an investor in ~checks notes~\n\nUhhh. Cardano, Algorand, Polkadot.', '1346f56'], ['u/Odysseus_Lannister', 16, '2023-05-01 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidhyyx/', 'adds LINK to footnotes', '1346f56'], ['u/mixomatoso', 20, '2023-05-01 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidi211/', "chuckles I'm in danger.", '1346f56'], ['u/DCdek', 16, '2023-05-01 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidickk/', 'LMAO Cope', '1346f56'], ['u/Sheeple9001', 13, '2023-05-01 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidjdxq/', 'VET', '1346f56'], ['u/ryencool', 60, '2023-05-01 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidlyww/', 'People said this same thing about shib, I was there...', '1346f56'], ['u/Ecstatic_Love4691', 51, '2023-05-01 03:15', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidm4n8/', 'That’s horrible. Where do I buy it?', '1346f56'], ['u/mathaiser', 26, '2023-05-01 03:37', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidovqj/', 'The only thing wrong is that it’s none of your business and your opinion of what others choose to do is worth less than the air you breathed when you said it.\n\nDo your own thing. Don’t worry about the inclinations of PEPE holders.', '1346f56'], ['u/Kukuzahara', 21, '2023-05-01 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidppk7/', 'Precisely. Just don’t be weird about things and be normal. Not that hard.', '1346f56'], ['u/supremebhandari', 25, '2023-05-01 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidqv6y/', '> Phase 3: Flip Bitcoin\n\n\n\nLol, good luck with that', '1346f56'], ['u/Blackskywaters', 15, '2023-05-01 04:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidrrem/', "All crypto is a gamble as far as I'm concerned and we should all be prepared to lose it all.", '1346f56'], ['u/Vegas_42', 18, '2023-05-01 05:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jie3lyr/', "In 2021 I decided against buying shib. In my own eyes, I was a sophisticated investor. Only the real stuff and great tech like BTC, ETH, ATOM, DOT, you name it. I was too arrogant to buy a meme coin. I hated DOGE and SHIB and it insulted me that something useless made people rich. Guess what? I was wrong. Scam here, rugpull there, but the truth is, I missed the bus.\n\nIt's about earning money in the first place. Don't get attached to your coins (easy to say, but I love Bitcoin anyway). This time, I ignored my hubris and bought some when the coin was a few days old. I tripled, took out my original money and now I let the house money ride. I don't call it an investment, it's a gamble. But it's part of the game. Accept it or not. Memecoins are not dying anytime soon. And even when I lose it, I don't need empathy. I'm a grown man who made a decision and I was fully aware of what I was doing. So, don't worry.", '1346f56'], ['u/Every_Hunt_160', 53, '2023-05-01 06:04', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jie5oon/', "That's the misconception from this subreddit about coins like SHIB\n\nPeople buy these coins not for the tech. They buy it because these coins have a cute dog logo and also for a gamble\n\nSo while some Redditors here scratch their heads why these coins are in the top 20 while their 'tech' coins like Algorand goes lower and lower by the day, in reality you're talking about 2 entirely different categories of investors.", '1346f56'], ['u/Massive-Fox-846', 11, '2023-05-01 09:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jiel6j8/', 'I 5xed', '1346f56'], ['u/ecky--ptang-zooboing', 14, '2023-05-01 12:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jiezkgb/', 'The creators even warn people in the footer of their own website not to buy this shit:\n\n\n\n"$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only."', '1346f56'], ['u/Mr_Bob_Ferguson', 11, '2023-05-01 12:55', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jif0czh/', ">Where do I buy it?\n\nJust head down the hall towards the roulette tables, to the left of the baccarat. \n\nThat's where they sell them.", '1346f56']]], ['u/jeters72', 'OKX/OkEx silently changes to $5000 lifetime withdrawal limit, locking all user funds and holding ransom. Who else is affected?', 10, '2023-05-01 05:20', 'https://www.reddit.com/r/OkX_WithdrawalHell/comments/134ba3r/okxokex_silently_changes_to_5000_lifetime/', 'On Monday, OkEx quietly began blocking all withdrawals on KYC-1 accounts with no notice. They also created a "deposit limit" and lock all funds deposited above the limit.\n\nI went to deposit funds to make a trade, as I have been for quite some time without issues, and was met with a notice that my funds are locked because my "deposit limit was exceeded" and my withdrawal limit being reduced from ~10BTC per day to $5000 lifetime and $2500 of that had somehow already been used. So there was no way to revert the deposit I just made, or to get any of my funds off the exchange. I had just deposited and withdrawn the day before with no problems. Turns out this was a sitewide change, which locked all users from withdrawing their funds unless they can complete extremely invasive KYC on a live webcam. Support is intentionally evasive and dances around the issue of the deceptive policy change and hijacking of user funds.\n\nThey are incorporated in the Seychelles and this action is clearly a breach of the fiduciary duties of the exchange under Part III, Act 6 of the Seychelles Financial Consumer Protection Act of 2022. Let\'s coordinate here to file an action with the Seychelles FSA, as well as a lawsuit under Seychelles consumer protection laws, and/or a class action lawsuit in other jurisdictions since I\'m sure others were affected as well\n\nWho else is subjected to funds locked by OKEx? I am gauging interest in a class action lawsuit since they are probably holding collectively millions of dollars ransom.\n\nI have been in crypto for years and have never seen such explicitly dishonest behavior by an exchange. If they need to add KYC, fine, but giving users absolutely 0 notice, and then refusing to allow users to close their accounts is an inexcusable landgrab for user funds who aren\'t comfortable with the security/identity risk by providing said shady exchange with personal information. The only reason I moved over from Kucoin was because OkX had much better trading UI and UX.\n\nSecond question: is there a DEX with the ability to do stop orders and sufficient liquidity for trades between major pairs and altcoins? I\'m sketched out by the contract and software vulnerability/hacking risk of the DEX\'s I\'ve seen so far, but perhaps it\'s the lesser of two evils. How can we know which DEX\'s are actually safe and not subject to contract draining/hacking of the wallet connectivity bridge or other critical vulnerabilities?', 'https://www.reddit.com/r/OkX_WithdrawalHell/comments/134ba3r/okxokex_silently_changes_to_5000_lifetime/', '134ba3r', '[]'], ['u/RushXdXd', 'My uncle gave me some bitcoin for my 16th birthday', 194, '2023-05-01 05:26', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/', 'Is there anyway I can translate it to my cash app account? If so how? Is there another app I can use?', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/', '134bdre', [['u/ElectronicOcelot3251', 196, '2023-05-01 05:38', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie345j/', 'Why? Save it. Put it in a cold wallet for a couple years at least.', '134bdre'], ['u/PseudonymousPlatypus', 14, '2023-05-01 05:50', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie4cwc/', 'Why would you want to put it in Cash App?', '134bdre'], ['u/PseudonymousPlatypus', 14, '2023-05-01 05:53', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie4ors/', 'You don’t need an “account” on something to use Bitcoin.', '134bdre'], ['u/TurdsBurglar', 104, '2023-05-01 05:54', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie4q9b/', 'Best fuckin uncle ever! HODL', '134bdre'], ['u/Into-the-Beyond', 424, '2023-05-01 05:59', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie59rs/', 'Uncle: hands nephew the keys to financial freedom.\nOP: trades it for monopoly bucks.', '134bdre'], ['u/Quercusgarryana', 34, '2023-05-01 06:01', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie5gms/', 'Ask your uncle to give you some resources and help you understand what Bitcoin is and how it works.', '134bdre'], ['u/bro_lol', 312, '2023-05-01 06:01', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie5h0c/', 'Sit down with your uncle and ask him WHY he gave you the bitcoin before doing anything. IMO it doesn’t belong on cash app.\n\nEdit: a word', '134bdre'], ['u/dem_skrimps', 31, '2023-05-01 06:14', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie6og9/', "You should treat the Bitcoin as a lesson in saving and an opportunity to learn about how the technology works. That would be the smart diamond hands thing to do. Don't sell and watch it grow over time. Get a part time job if you want spending money", '134bdre'], ['u/anotherrredditor', 15, '2023-05-01 06:30', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie88bo/', 'This', '134bdre'], ['u/anotherrredditor', 10, '2023-05-01 06:30', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie89zq/', 'Not if but when', '134bdre'], ['u/bulbouswalruz', 90, '2023-05-01 06:33', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie8l45/', "I sold 6 Bitcoin at $1000 each to buy a car. Don't be me 😂 HODL", '134bdre'], ['u/ResidentResearcher94', 13, '2023-05-01 06:41', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie9a7e/', 'Save it like your life depends on it.', '134bdre'], ['u/Nazerys', 19, '2023-05-01 06:42', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie9cpq/', 'Then he couldn’t afford the car?', '134bdre'], ['u/Massive_Fig6624', 19, '2023-05-01 06:49', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie9z95/', 'Start to DCA into the bitcoin too', '134bdre'], ['u/AvisPhlox', 26, '2023-05-01 06:49', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiea0t8/', "Get a cold wallet, make the transfer, keep your keys secure along with your recovery phrases, then \n#pretend it doesn't exist\n\nI know what it's like when you see that you have some extra cash to play with, but you have the opportunity right now to start securing your future during these dumpster fire times. Please don't be dumb and cash out.", '134bdre'], ['u/No-Sympathy-5815', 109, '2023-05-01 06:50', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiea28y/', "Learn about why your uncle gave you Bitcoin and why you shouldn't sell it.", '134bdre'], ['u/Deathdar1577', 22, '2023-05-01 06:56', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiealpi/', 'Strongly agree with this statement.', '134bdre'], ['u/DrMandalay', 10, '2023-05-01 06:58', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieas7i/', 'Your mum is wrong. Your uncle is right. Avoid cash, keep the bitcoin. If you need cash, cash out the smallest amount you can to get by. The BTC will provide very soon. And make you more money than any job', '134bdre'], ['u/Left-Paper-4074', 10, '2023-05-01 07:02', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieb2j4/', 'You’re 16! Might sound funny but you need nothing in life at the moment! Save up kiddo !', '134bdre'], ['u/DisputableSSD', 14, '2023-05-01 07:07', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiebjey/', 'Just buy half of it, then you have a motorcycle.', '134bdre'], ['u/himtnboy', 14, '2023-05-01 07:28', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jied8w5/', "Cashapp is for spending. Bitcoin is for saving. Jack Dorsey is doing a good thing with Cashapp, but it is not the thing you need right now.\n\nGet a cold wallet. Secure your seed phrase. Watch it grow. Figure out what it is you have. Learn everything about it. Don't tell anyone.", '134bdre'], ['u/ledav3', 15, '2023-05-01 07:30', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieddvc/', '16years olds are generally in school and not working nowadays. I hope you realize that. DCA starts once people have a steady income. Do you give this advice to 5year olds as well?', '134bdre'], ['u/[deleted]', 51, '2023-05-01 07:34', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiedocu/', '[Yes.](https://i.imgur.com/RwLnTv4b.jpg)', '134bdre'], ['u/Any-Comb4685', 20, '2023-05-01 08:14', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiegpe0/', 'Don’t blame the Kid….he has hookers and blow to buy', '134bdre'], ['u/FumeUGSEnjoyer', 128, '2023-05-01 08:16', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieguyo/', 'uncle is facepalming hard now', '134bdre'], ['u/BruceAENZ', 18, '2023-05-01 08:40', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieimf0/', 'First of all, do not respond to any of the many direct messages you receive offering to help. They are probably all scammers.\n\nNext I would do some research on Bitcoin wallets, and check back to see what Bitcoin was worth 10 years ago. \n\nThis forum is filled with stories about people who traded Bitcoin when young for a small amount of cash and missed out on the parabolic gains.\n\nPersonally I would avoid letting my BTC anywhere near cash app or similar, but that’s my personal choice.', '134bdre'], ['u/Glad-Ease4283', 15, '2023-05-01 09:42', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiemtcb/', "Don't buy Fortnite bucks with it XD", '134bdre'], ['u/ringomanzana', 70, '2023-05-01 11:41', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieuqiy/', 'Read up on cold storage for BTC.', '134bdre'], ['u/kimsabok', 19, '2023-05-01 13:23', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jif2skx/', 'we should be facepalming at the uncle.\n\nyou wouldnt hand gold bars to an uncontacted indegenious tribe who knows nothing about gold bars. well, hes basically done the same with the bitcoin.', '134bdre'], ['u/Amichateur', 10, '2023-05-01 13:32', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jif3mlg/', '16 year old boy does not pay rent, sweety.', '134bdre'], ['u/kimsabok', 11, '2023-05-01 14:04', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jif6q54/', 'all of the uncontacted ones.', '134bdre'], ['u/stone_01', 12, '2023-05-01 16:39', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jifpgwq/', 'If I started DCA into BTC at 5 years old I’d be so fucking rich. What was the price in 1986?', '134bdre'], ['u/disruptioncoin', 11, '2023-05-01 19:56', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jigj25u/', "I sold 20k worth to help my mom catch up on her bills and prevent her from being evicted. Also went back to college and finished my bachelors. Then took a while to find a job. I wish I had saved it all, but what can you do? Life happens and things cost money. Everyone likes to think they would have had diamond hands if they had bought in back then, but that's probably not true.", '134bdre']]], ['u/AutoModerator', '[Daily Discussion] - Monday, May 01, 2023', 33, '2023-05-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/', '134c116', [['u/biggunsg0b00m', 25, '2023-05-01 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jie9ujv/', "Actually there were tons of bearish posts that were upcountry in the past few weeks. People probably just don't like you 🤷\u200d♂️", '134c116'], ['u/biggunsg0b00m', 20, '2023-05-01 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieaicr/', "By all appearances, you do care about it because you're having a whinge about it.", '134c116'], ['u/ChadRun04', 12, '2023-05-01 07:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieejgi/', "> watch it become even more profitable for me while overly confident\n\nThat escalated quickly.\n\nI'm confused. Who is overly confident again meow?", '134c116'], ['u/delgrey', 22, '2023-05-01 09:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jienivz/', "JPM will consume the dead corpse of FRC Bank (the big bank gets bigger). This is the second largest bank failure in US history. And it probably isn't over yet.", '134c116'], ['u/PatientlyWaitingfy', 12, '2023-05-01 10:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieoomv/', 'Whales having a field day in this range', '134c116'], ['u/Jip1210', 11, '2023-05-01 10:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieptdb/', "Perhaps it's not what you said but the way you said it. Lots of bears here that get a good amount of respect. \n\nAlso, you mock people for saying things are impossible. However, in your OP, you clearly state >30k is impossible.", '134c116'], ['u/52576078', 10, '2023-05-01 12:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jiey1qg/', 'If you wrote your comments like an adult instead of an angry teenager then you might get a better response. That said, there is definitely a bullish bias here.', '134c116'], ['u/Possible-Pen-6935', 10, '2023-05-01 15:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jiff1at/', "Nothing new, It's like Walmart consuming all the mom and pop stores until you can only shop at Walmart with their monopoly pricing. In the banking world though it's easier to implement CBDC.", '134c116'], ['u/delgrey', 13, '2023-05-01 15:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifg2mr/', "Crony Capitalism at its finest. Here's the deal JPM got out of the US government.\n\n1. Bypassed laws against acquiring bank while controlling 10%+ of US deposits\n2. Shared $13 billion in losses with the FDIC\n3. Received a cheap $50 billion loan from the FDIC\n4. Effectively bought back its own deposits\n5. Expects to profit $5 billion+ over the next 5 years\n6. Added $18 billion in market cap this morning", '134c116'], ['u/dopeboyrico', 18, '2023-05-01 16:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifklh5/', 'BTC price YTD through end of May by year:\n\n2022: -31.4%\n\n2021: +28.8%\n\n2020: +31.5%\n\n2019: +128.9%\n\n2018: -46.9%\n\n2017: +137.3%\n\n2016: +23.4%\n\n2015: -28.2%\n\n2014: -17.4%\n\n2013: +852.0%\n\nClosing May at or above $39.3k would put BTC back on track for its best YTD start since 2013. BTC closed April up 76.9% YTD so far.\n\nIn the past May has been a month with a lot of price action though it’s been mixed either to the upside or downside. [Here’s YTD performance through end of April each year for comparison.](https://www.reddit.com/r/BitcoinMarkets/comments/12sl91w/daily_discussion_thursday_april_20_2023/jh1ckr8/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3)\n\nWill this year be sell in May and go away or buy in May and go away? We’ll see.', '134c116'], ['u/Znt', 12, '2023-05-01 17:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifvjzl/', 'Looking at BB widths, possibly 2 more weeks of sideways - until May 14th.\n\nThen we may see the another leg up to 38 - 42 levels.', '134c116'], ['u/delgrey', 15, '2023-05-01 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifvvin/', 'More banks in trouble. $MCB, $PACW. Things getting real interesting.', '134c116'], ['u/BatteredLittleFish', 10, '2023-05-01 17:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifxd9b/', 'BearTrap.exe', '134c116'], ['u/VictorCobra', 13, '2023-05-01 18:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jig1npm/', "Despite the fact that many believe the lows are set and Bitcoin will continue on to make new highs, I think it's important to look at the [big picture](https://www.tradingview.com/chart/BLX/fWNqTlMW-BLX-Still-Shows-A-Broken-Trend-And-Slower-Growth-For-Bitcoin/). As liquidity tightens and access to Bitcoin becomes more difficult in the US, what could spur an acceleration to the upside? And yes, the US market does clearly matter. Otherwise Bitcoin wouldn't only experience meaningful volume during US trading hours. We see this with US holidays as well.\n\n\\-Victor Cobra", '134c116'], ['u/dopeboyrico', 12, '2023-05-01 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jig38w8/', '>what could spur an acceleration to the upside?\n\nFed hiking rates another 25 BP on Wednesday resulting in additional bank failures and subsequent money printing to bailout depositors. First Republic Bank managed to get bought out by JPMorgan Chase which avoided a need for depositor bailouts this time around but will that be the case if additional banks fail?\n\nAlso, further money printing on the side of Congress as they inevitably raise the debt ceiling last minute.', '134c116'], ['u/[deleted]', 11, '2023-05-01 18:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jig7bku/', '>!Stay Puft Marshmallow Man explodes, raining down marshmallow cream on NYC.!<', '134c116'], ['u/anon-187101', 13, '2023-05-01 19:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigb6ny/', 'All I see in the "big picture" is long-term exponential price growth, and some colorful lines that you decided to overlay on the chart.\n\nHow do you know when BTC is down 5%+?\n\nYou don\'t have to know, \'- Victor Cobra\' will tell you.\n\n---\n\n1st of the month, DCA day for me. On-sale sats will be swept.', '134c116'], ['u/AccidentalArbitrage', 14, '2023-05-01 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigrllg/', '>Not sure what all the long in here are seeing\n\nTrading 101:\n\nBuy during weakness.\n\nSell during strength.', '134c116'], ['u/AccidentalArbitrage', 11, '2023-05-01 20:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigrvk9/', ">Access through Fidelity is extremely limited; most employers don’t actually offer the fund, and even when it is offered, there is a contribution cap.\n\nAFAIK anyone can buy BTC through Fidelity with no caps, no matter who your employer is or if you don't even have one. I think you're confusing 401(k)s.", '134c116'], ['u/Order_Book_Facts', 14, '2023-05-01 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigvbyh/', 'There is this long held belief within the bitcoin community that high inflation of USD will drive people into bitcoin. But I postulate the opposite might actually be true - inflating dollar causes common man to be squeezed, no longer has extra funds to purchase bitcoin with, may be forced to liquidate bitcoin holdings to keep up with USD bills and mortgage. We’ve never really seen bitcoin’s performance in a global recession type scenario that may be playing out.', '134c116'], ['u/shadowofashadow', 11, '2023-05-01 21:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigwl9i/', "I think you're right if you focus on the individual investor. I also don't think it can become a hedge against inflation until people start thinking about it more long term. It needs to be seen as a currency more than a security.\n\nBut institutional investors blow both of our ideas out of the water. They have far more money and if they see it as a hedge then it becomes one when a critical mass is achieved.", '134c116'], ['u/jgun83', 11, '2023-05-01 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigwv6v/', 'At the margins this may be correct, but the illiquid supply (on-chain astrology) continues to march higher, so if whales can absorb the 50,000 sat cash outs from the poors, everything will be alright.', '134c116'], ['u/delgrey', 10, '2023-05-01 22:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihatbs/', "$MSTR earnings came out. They beat certain estimates but there's some interesting language in the report about their debt obligations and potential plans to dump shares and bitcoin to cover a shortfall.", '134c116'], ['u/BootyPoppinPanda', 25, '2023-05-01 23:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihdmc9/', "Top-of-the-range longers probably sweating bullets again. 10x leverage is getting close to liquidation if not closed out yet.\n\nAs soon as we ran up to this level, I figured it'd be some of the toughest resistance of the crab market part of the cycle we are in. This was the bottom of much of the bull market retraces, so I suspect it has turned to hard resistance for a while.\n\n* Sub 18k was back up the truck, wham bam thank you Sam levels\n* 18-25k was Goblin Town\n* 25-35k is boring crab (may take several months)\n* 35-50k is gourmet pre-halvening crab\n* 50k+ is gentlemen", '134c116'], ['u/Shootinsomebball', 11, '2023-05-01 23:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihgpfk/', 'The voices calling for the demise of the dollar seem to be getting louder in here and from a logical perspective it’s hard to disagree. \n\nHowever, DXY is still over 100 & trading at multi-year highs. I don’t follow the tradfi markets that closely. Those of you who do….are the tradfi guys acknowledging the fragility of the US currency or are we in a bit of an echo chamber here?', '134c116'], ['u/SausageWizard', 19, '2023-05-01 23:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihi0qw/', "This sub is another echo chamber. People have been predicting the demise of the dollar for decades.\n\nThe latest BRICs and China spam is not the first time this has been attempted. No one trusts China to lead anything. Russia already found this out after dealing with the yuan. I swear this story gets posted every few years and people pretend like it's something new. Could the dollar gradually weaken and go away? Possibly, but that will be years from now.\n\nAt the end of the day, the USD and EUR are still the least dirtiest shirts in the laundry basket, so everyone will keep wearing it.", '134c116']]], ['u/Mean_Bandicoot_7481', 'Moons available', 10, '2023-05-01 07:10', 'https://www.reddit.com/r/CryptoCurrencyMoons/comments/134da7z/moons_available/', 'For the life of me I can’t figure out how to sell moons through either MEXC or sushi. Too many steps and I’ve tried too many times. Found someone with more karma than me so traded him for BTC, sent first and everything went well. If anyone is wanting to trade I have 485 moons left to trade (keeping my bricks) will accept BTC, LTC, Matic, Shib, Doge, Cardano, Cosmos ,DOT, LINK, Uniswap, basically anything that I have knowledge of. Thank you', 'https://www.reddit.com/r/CryptoCurrencyMoons/comments/134da7z/moons_available/', '134da7z', [['u/DAMG808', 13, '2023-05-01 10:52', 'https://www.reddit.com/r/CryptoCurrencyMoons/comments/134da7z/moons_available/jierft4/', 'Where is the big deal. Go on sushiswap via arbitrum nova and swap moons for eth. Done. Why do people make this so complicated when it’s not.', '134da7z']]], ['u/Lui_217', 'Does purchasing tickets for the btcc race allow you to watch the whole days worth of racing?', 11, '2023-05-01 07:14', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/', 'For example at oulton park in June on the same day as the btcc race there is also f4, Porsche cup etc. Does buying one ticket for the btcc race give me access to watch every race? [link to oulton park tickets page](https://www.oultonpark.co.uk/2023/june/kwik-fit-british-touring-car-championship)', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/', '134dd5z', [['u/oliverrrrrrrrrrrrrrw', 50, '2023-05-01 09:42', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/jiemtol/', 'No, just before a support race starts a marshal comes around and blindfolds everyone', '134dd5z'], ['u/alexsbrett', 17, '2023-05-01 09:50', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/jienbgp/', 'I got a bag put over my head at Brands Hatch.', '134dd5z'], ['u/Edlar_89', 12, '2023-05-01 11:40', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/jieupjm/', 'At Donington I was asked to turn around and look at a wall', '134dd5z']]], ['u/rBitcoinMod', 'Daily Discussion, May 01, 2023', 48, '2023-05-01 08:05', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/133hcji/daily_discussion_april_30_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/', '134e8go', [['u/Relai_Alex', 15, '2023-05-01 09:35', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jiemcsk/', 'I have done quite extensive research and the highest returns are in MtGox. \nCelsius and BlockFi slightly lower, but both have a nicer UI, and much faster customer service. \n\nTalking safe, all three are at the same level, IMHO. I would still diversify between these three, though. /s\n\nNot your keys, not your bitcoin.', '134e8go'], ['u/escodelrio', 14, '2023-05-01 16:10', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jiflj3y/', "Historical Bitcoin prices for today, May 1st:\r \n\r \n2023 - $28,553\r \n2022 - $37,924\r \n2021 - $57,836\r \n2020 - $8,772\r \n2019 - $5,424\r \n2018 - $9,068\r \n2017 - $1,402\r \n2016 - $453\r \n2015 - $232\r \n2014 - $456\r \n2013 - $116\r \n2012 - $5\r \n2011 - $3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/01/2023 is $9,010.21.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1652991729094500355).", '134e8go'], ['u/Dizzy_Space_Invader', 12, '2023-05-01 21:06', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jigtpqu/', 'I think he’s right. This part is over. Next part of the crisis comes next.', '134e8go'], ['u/npore2', 14, '2023-05-01 21:22', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jigw16h/', 'Bitcoin CEO says they will acquire JPM experts say', '134e8go']]], ['u/Crypto-hercules', 'I started purchasing btc a few years ago with the idea that I could sell in the future for more irredeemable government money. But after a long year of research and finally reading the Bitcoin standard I’m staying for something else and have no plan on selling ever!!', 263, '2023-05-01 10:16', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/', 'The hardest money on earth.!!', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/', '134gg1e', [['u/Crypto-hercules', 13, '2023-05-01 10:42', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jieqs74/', 'Will pass it down to my daughter…', '134gg1e'], ['u/KAX1107', 63, '2023-05-01 11:07', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jiesh1i/', 'You take profits when you buy bitcoin, not when you sell', '134gg1e'], ['u/Kasegigashira', 21, '2023-05-01 12:35', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jieypsv/', 'Had to lol but actually a good mindset. Accumulate government money only to buy (lock in profit) really valuable stuff like Bitcoin, land plots, shares of good companies etc.', '134gg1e'], ['u/KAX1107', 19, '2023-05-01 12:51', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jiezygd/', ">land plots, shares of good companies\n\nLand, sure but there are a lot of variables depending on where you live, it's similarly political as gold. You don't truly own it. Everything else is less scarce, nothing else is absolutely finite. Over a long enough time horizon, bitcoin demonetizes everything.\n\n[Get. Off. Zero.](https://threadreaderapp.com/thread/1615389267437490177.html)", '134gg1e'], ['u/blue419', 15, '2023-05-01 14:51', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jifbqe4/', "Im never converting all my btc to currency, I'll only exchange some of it for goods and services.", '134gg1e'], ['u/ElderBlade', 10, '2023-05-01 15:27', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jifg0in/', "Great. Now run your own node and contribute to the network's security.", '134gg1e']]], ['u/Faulty_W1res', 'Overall MCC 30 Predictions Rankings', 38, '2023-05-01 11:42', 'https://www.reddit.com/r/MinecraftChampionship/comments/134hvca/overall_mcc_30_predictions_rankings/', 'Here are the full rankings out of 151, including tiebreaks. Bold means part of the Youtube contest.\n\n1. rKkauan:\t1\n2. KlutchGaming13:\t1.2\n3. bluejacket21\\_:\t1.2\n4. bbsmydiamonds:\t1.2\n5. KlayRozan11:\t1.2\n6. Ozone\\_Omega:\t1.2\n7. Speedsning:\t1.2\n8. TheLordOfSquids:\t1.2\n9. Wiigi7:\t1.4\n10. Emotion-Nexus:\t1.4\n11. GlanderBW:\t1.4\n12. AdAltruistic2502:\t1.4\n13. Breezily\\_\\_:\t1.4\n14. FireThatInk:\t1.4\n15. 1616161660:\t1.4\n16. Felmor333:\t1.4\n17. itsSpryte:\t1.4\n18. SandwichLord:\t1.4\n19. mcc-clips:\t1.6\n20. BaconIsLife707:\t1.6\n21. Eydasdendave:\t1.6\n22. ralsei\\_support\\_squad:\t1.6\n23. Plenty-Commission517:\t1.6\n24. \\_55Mack55\\_:\t1.6\n25. Rohan2202:\t1.6\n26. Paul\\_BWP:\t1.6\n27. No-Cod-776:\t1.6\n28. This\\_is\\_DanielPlayz:\t1.6\n29. Disastrous-Stick-303:\t1.6\n30. ADragonMC\\_2:\t1.8\n31. spunchl1ne:\t1.8\n32. FuzzBrain18:\t1.8\n33. FrostyWafflez\\_:\t1.8\n34. Flare3z:\t1.8\n35. CyberWeb2143:\t1.8\n36. RepresentativeWar533:\t1.8\n37. Independent\\_Dog8837:\t1.8\n38. Criggan:\t1.8\n39. velvetashes0:\t1.8\n40. Tijger8000:\t1.8\n41. FireBreathMan:\t1.8\n42. Bilboss789: 1.8\n43. IDontKnowWhat78:\t1.8\n44. Asvinder34:\t1.8\n45. Matt\\_is\\_Mat:\t1.8\n46. \\_sdk141042\\_:\t1.8\n47. violetlord:\t1.8\n48. Mellebenik:\t1.8\n49. Pizzaistrash:\t1.8\n50. Zapdos\\_777:\t2\n51. Lacroix\\_Mxcky:\t2\n52. Lordlolipops:\t2\n53. Wolfeei:\t2\n54. BeastPlays:\t2\n55. MuddyPuddle027:\t2\n56. Antfrost:\t2\n57. masontyler908:\t2\n58. Addition23:\t2\n59. Jetsol8:\t2\n60. Cautious\\_Advisor\\_:\t2\n61. woongluv:\t2\n62. tobtheknobredditp:\t2\n63. AJX: 2\n64. FunkyJMan:\t2\n65. FantasyAllWay:\t2\n66. TheHanburglarr:\t2\n67. Awesome512345:\t2.2\n68. rogersdbt:\t2.2\n69. Cyburic:\t2.2\n70. AntMan761:\t2.2\n71. Particular-Poetry919:\t2.2\n72. green\\_asteroid:\t2.2\n73. 21\\_chickens:\t2.2\n74. bunnybri\\_:\t2.2\n75. Randomnoob451:\t2.2\n76. LaggdLoL:\t2.2\n77. starrymed:\t2.2\n78. remi\\_daDOOD:\t2.2\n79. VallowsIsEpic:\t2.2\n80. VivaLaVeritas:\t2.2\n81. yupright:\t2.2\n82. FreakOutProd:\t2.2\n83. MrMundane4:\t2.2\n84. hpmoo100:\t2.2\n85. Harold2208:\t2.2\n86. \\-JCeeG-:\t2.2\n87. ThomerTD:\t2.2\n88. JonahKelly:\t2.2\n89. FamilySpy:\t2.2\n90. Born-Lemon3413:\t2.2\n91. Levisucks1337:\t2.4\n92. FocusLoud8015:\t2.4\n93. SecretlyBenn:\t2.4\n94. InevitableConcern886:\t2.4\n95. Cryptic\\_AR:\t2.4\n96. FellowCloud17:\t2.4\n97. Zerohero2022:\t2.4\n98. Ripcord:\t2.4\n99. darorock:\t2.4\n100. PipoMurio:\t2.4\n101. pickled\\_\\_pufferfish:\t2.4\n102. CookieTaxer:\t2.4\n103. ArandomFan168:\t2.4\n104. Ok-Wait1778:\t2.4\n105. lazy\\_ma:\t2.4\n106. Bet\\_Vapula:\t2.4\n107. King\\_of\\_Derps03:\t2.4\n108. GarfieldGarlic:\t2.6\n109. jds523:\t2.6\n110. AJettyFan:\t2.6\n111. Xeroxious\\_:\t2.6\n112. halls\\_cd:\t2.6\n113. D3rpb01:\t2.6\n114. Foristeer:\t2.6\n115. MariiBrynn:\t2.6\n116. aquaticbee1:\t2.6\n117. lets\\_be76:\t2.6\n118. anacc0unt0:\t2.6\n119. SnooPineapples1745:\t2.6\n120. SneakyChilli44:\t2.6\n121. Seapeekay:\t2.6\n122. NotARobot404:\t2.8\n123. quantuu:\t2.8\n124. WronglyAcused:\t2.8\n125. kzxsji:\t2.8\n126. Faulty\\_W1res:\t2.8\n127. Fireryy:\t2.8\n128. btc7765:\t2.8\n129. Loromc:\t2.8\n130. xharrisonyellow:\t2.8\n131. Nebular:\t2.8\n132. FattyIsACatty:\t3\n133. whynewaccount6:\t3\n134. MelodicCatGirl:\t3\n135. EmilyBeNormal:\t3\n136. YendoDV:\t3\n137. BackgroundTotal2872:\t3.2\n138. Comprehensive-Ad4238:\t3.2\n139. Greensonic2006:\t3.2\n140. Remarkable\\_Door5231:\t3.2\n141. Linxstroy:\t3.2\n142. kaiob921:\t3.2\n143. Elsquidwardo85:\t3.2\n144. bluewaterwizard:\t3.2\n145. Captainwoge:\t3.2\n146. That\\_Pretty\\_One:\t3.4\n147. PizzaDoritoLady:\t3.4\n148. Ok\\_Championship\\_2688:\t3.4\n149. FailureDisguise:\t3.6\n150. Bl00B4ll5:\t3.8\n151. Postie1216:\t3.8', 'https://www.reddit.com/r/MinecraftChampionship/comments/134hvca/overall_mcc_30_predictions_rankings/', '134hvca', [['u/D3rpb01', 16, '2023-05-01 11:49', 'https://www.reddit.com/r/MinecraftChampionship/comments/134hvca/overall_mcc_30_predictions_rankings/jievcul/', 'a score of 1 is crazy', '134hvca']]], ['u/Bonne-Influence-20', 'Send Money to ALL Bank Accounts in Nigeria Without Fees Using Bigeria PAY Powered by #Nano $XNO in Seconds or with #Btc , $Eth & $Usdt', 133, '2023-05-01 13:25', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/', 'Bigeria PAY has made it incredibly easier for Nigerians to receive Global payments directly into your Bank account 🥳\n\nInstant, free and secure remittance around the globe- thanks to Nanocurrency.', 'https://twitter.com/bigeriaexchange/status/1652699335245570054?s=46&t=OWZpynojV6tgwLC-9AZmAw', '134jt2g', [['u/Qwahzi', 21, '2023-05-01 14:19', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/jif8a7m/', 'Is this legit? Has anyone tested it?', '134jt2g'], ['u/Bonne-Influence-20', 18, '2023-05-01 14:29', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/jif9cel/', 'It seems that way and was retweeted by Mira Hurley. This could be a huge step for nano to reach mass adoption if it ever catches fire.', '134jt2g'], ['u/Bottom_Line_Truths', 10, '2023-05-01 14:29', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/jif9cne/', 'Funnily if they were verified by Twitter I’d trust them slightly more knowing that at least Twitter knows their identity and bank information.', '134jt2g'], ['u/Xylon818', 12, '2023-05-01 14:51', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["TheSolanaNFT space got a shot in the arm with the late Aprillaunch of Mad Lads, a buzzyprofile picture(PFP) collection that led the market-wide charts. But something else happened amid the trading surge: upstart marketplace Tensor topped the dominant Magic Eden.\nTensor launched in 2022, but saw increasing activity afterintroducing trading rewardsin March. Last week, it clinched majority market share by trading volume on Solana. Data collected byTiexoshows a slight lead by Tensor over the last seven days, with Tensor commanding 45% of SolanaNFTmarket share and Magic Eden under 44%.\nMad Lads helped push Tensor over the top, as traders apparently flocked to take advantage of its specific promotion around the NFT project rather than Magic Eden’s offering. But can Tensor maintain that momentum after waking Solana’s sleeping giant?\nTensor began picking up considerable market share in March as itlaunched “loyalty” rewardsfor traders, echoing the move byEthereummarketplace Blur thathelped catapult it over OpenSeain February. The startup, which raised $3 million in March in a round led by VC firm Placeholder, similarly bills itself as a platform for “pro” traders with what it says is a faster, richer interface.\nThe Blur comparisons are intentional. Tensor looks and feels much like Blur, albeit for Solana, with a similar-sounding rewards initiative. The startup hasn’t specifically said that it will launch a token, but given that Blurgave out hundreds of millions of dollarsworth of tokens in February andsaid that it will continue doing so, it’s no surprise that traders are intrigued.\nMad Lads Gave Solana NFTs a ‘New Heartbeat’ After Losing DeGods: Coral CEO\nTensor’s market share steadily grew over the last couple of months, co-founder and CTO Richard Wu toldDecrypt, but the upstart only leapfrogged above Magic Eden last week after the Mad Lads frenzy took hold.\nMagic Eden also offered special promotions around Mad Lads NFTs. Magic Eden offered zero marketplace fees and also said it wouldgive out 2,000 SOL(currently about $43,700) to airdrop to Mad Lads traders over the first 30 days after launch. It later said that itredistributed over 5,000 SOL($109,400 as of today) worth of Mad Lads trading fees back to users.\nTensor, on the other hand, said that it would divert all of its marketplace fees on Mad Lads trades for the first 90 days tobuying up “floor”(or the lowest-price) NFTs from the project, and then give them away via a raffle to traders. Today,Tensor tweetedthat it has used 4,280 SOL ($93,650) worth of fees to buy up 58 Mad Lads NFTs to give them away to top traders.\nWhether it was the promotion or an interface targeted at heavy traders, or perhaps the pairing of both, Tensor ultimately came out ahead as Mad Lads ruled the Solana market.\n“If you show people that you're truly about giving back to the community, and trying to make your product the best for Mad Lads or for the next NFT project,” Wu said, “then people will come and trade on your platform, and people will align with a Tensor versus a Magic Eden.”\nThere’s an “us versus them” dynamic in Wu’s comments that’s already been resonating across the Solana NFT community on Twitter for days. Tensor’s sudden rise to the top of Solana has inflamed past divisions that emerged over Magic Eden’sapproach to the open-source Web3 ethos, as well as itsmoves around optional creator royaltieslast year.\nOn Friday, Magic Eden apparently discovered that Tensor was utilizing its content delivery network (CDN) to populate NFT images on the Tensor marketplace.\nMagic Eden replaced the artwork on Tensor with images showing the Magic Eden mascot and logo, and tweeted, “Hey [Tensor], wen image CDN? We replaced some images on your marketplace. Just a harmless prank hehe. Let's build.”\nMagic Eden deleted the tweet by Saturday following community backlash. Over the past several days, the vitriol has been flung back and forth on Crypto Twitter between the two camps and their supporters, and Tensor’s co-founders have themselves criticized Magic Eden and retweeted other critical tweets about the giant in the Solana space.\n“They were in the dominant seat for so long that they felt they didn't need to do anything,” Tensor CEO and co-founder Ilja Moisejevs alleged in an interview withDecrypt. He believes that Tensor’s product is better than those of previous challengers, but also suggested that Magic Eden lost support in the Solana spaceas it rapidly expandedto Ethereum,Polygon, andBitcoin.\nMagic Eden Bitcoin NFT Launchpad Debuts as Ordinals Total Nears 1 Million\n“I think the community is also a bit upset with the way they've behaved in the last six months, because Solana has clearly gone through really turbulent times,” Moisejevs said.\nHe suggested that some Solana projects “doubled down” on the space amid the falling price of SOL andfears over the future of the communitylate last year, and believes Magic Eden did “almost the opposite” in pushing NFTs on other chains.\n“They sort of took their foot off the gas whenSolana was at its lowest pointafter FTX [collapsed], and that just rubbed a lot of people the wrong way,” Wu added. “If you're so bullish about building up Solana, why would you leave and build elsewhere at a time when Solana needed people to step up?”\nMagic Eden responded to the social media pushback today, as marketing head Tiffany Huang toldThe Blockthat the startup is “excited to refocus back on Solana, which is our home,” and it “intends to show the Solana community that we have still got their backs.”\nHuang clarified toDecryptthat Magic Eden’s renewed focus on Solana will come via product features and partnerships, including “innovating” on itsDiamonds rewards featurethat launched in late March as Tensor was on the rise. It will also include “programs that support creators and collectors,” she added.\nShe also pushed back against criticism by Tensor’s co-founders about Magic Eden’s current closed-source marketplace model, which requires it to co-sign transactions. That throws a wrench into how marketplace aggregators incorporate Magic Eden listings, andraises other concerns about security and composability. But Huang suggested that it’s essential—for now.\n“The Tensor team knows and understands co-sign is not just an anti-aggregator tool—it's actually a critical part of some of [our] other core marketplace features,” she said, pointing to a tweetwhere Wu acknowledges as much. “The goal here is to become more open, but we just need to sequence these events so they don't disrupt our marketplace product.”\nAs theMad Lads launch hype cools, the remaining question is whether Tensor can stay on top in the Solana space. Just before publication,Magic Eden had a slight lead in rolling 24-hour trading volume per data fromTiexo—but Tensor led that chart as recently as late afternoon today.\n‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs\nDespite the shade, pranks, and gripes traded between the camps—not to mention the market maneuvers over the last week—both startups suggest a more cooperative tone going forward. They both want what’s best for Solana and its community, they tellDecrypt, and wish to grow the market for everyone involved, including each other.\n“We should all be seeking to build the pie with excellent user experiences and ingenuity to grow the space,” Huang toldDecrypt, rejecting the notion that Magic Eden should fend off upstarts. “I think we're two reasonable companies, at the end of the day, trying to grow Solana.”\n“We want to see Magic Eden do well,” Tensor’s Moisejevs said. “That's because we think that if Magic Eden does well, then Solana can do very well. At Tensor, we would rather have a smaller piece of a 10x larger pie than have a larger piece of… ultimately, a pie nobody cares about.”", '(Bloomberg) -- CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub. Most Read from Bloomberg Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff Texas Mass Shooting’s Bloody Images Add to Fervor in Gun Debate Goldman to Pay $215 Million to End Case on Underpaying Women Why Airfares, Hotels and Cars Are Getting So Expensive for Americans Mitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt Impasse The US “is shooting themselves in the foot” and giving other regions a chance to woo innovative businesses, CMCC’s co-founder Charlie Morris said in a Bloomberg Television interview aired Tuesday. “We see places like Hong Kong having a real opportunity at this point in time to bring those firms and entrepreneurs to the city,” Morris added. Hong Kong plans to let retail investors trade major tokens like Bitcoin and Ether in a new licensing regime for virtual-asset service providers due June 1. In contrast, the US has turned up the regulatory heat on crypto in the wake of last year’s digital-asset rout and the collapse of the FTX exchange. Fund Launch CMCC is launching a $100 million fund to invest in startups focused on blockchain projects. The targets are companies in the Series A and B stages both in its home base of Hong Kong as well as further afield. “There is a lot of innovation coming from Asia,” co-founder Martin Baumann said. “There’s plenty of capital sitting on the sidelines waiting for the right entry valuations to pull the trigger.” Baumann and Morris hold a majority stake in CMCC, while Hong Kong tycoon Richard Li and Gemini Trust Co. founders Cameron and Tyler Winklevoss are investors in its holding entity. Venture capitalists globally have continued to pull back from crypto this year following 2022’s price crash, a string of bankruptcies and the scandal that enveloped FTX, whose co-founder Sam Bankman-Fried is awaiting trial. Story continues Private funding for crypto startups in the first quarter of this year plunged to its lowest level since 2020, according to data from researcher PitchBook. Last month, Switzerland’s Syz Group said it’s joining with CMCC Global to start a minimum $50 million fund to invest in crypto-focused hedge funds. Most Read from Bloomberg Businessweek Why Launch Rockets When You Can Just Fling Them Into Space? Even $500 Million a Year From Google Isn’t Enough to Save Firefox Biden Administration Tamps Down Talk of US-China Decoupling Airbus Bets on a Stretched A220 Jet to Beat Boeing’s 737 Data Science Is the Hot New Master’s at B-Schools ©2023 Bloomberg L.P.', '(Bloomberg) -- CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub. Most Read from Bloomberg Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff Texas Mass Shooting’s Bloody Images Add to Fervor in Gun Debate Goldman to Pay $215 Million to End Case on Underpaying Women Why Airfares, Hotels and Cars Are Getting So Expensive for Americans Mitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt Impasse The US “is shooting themselves in the foot” and giving other regions a chance to woo innovative businesses, CMCC’s co-founder Charlie Morris said in a Bloomberg Television interview aired Tuesday. “We see places like Hong Kong having a real opportunity at this point in time to bring those firms and entrepreneurs to the city,” Morris added. Hong Kong plans to let retail investors trade major tokens like Bitcoin and Ether in a new licensing regime for virtual-asset service providers due June 1. In contrast, the US has turned up the regulatory heat on crypto in the wake of last year’s digital-asset rout and the collapse of the FTX exchange. Fund Launch CMCC is launching a $100 million fund to invest in startups focused on blockchain projects. The targets are companies in the Series A and B stages both in its home base of Hong Kong as well as further afield. “There is a lot of innovation coming from Asia,” co-founder Martin Baumann said. “There’s plenty of capital sitting on the sidelines waiting for the right entry valuations to pull the trigger.” Baumann and Morris hold a majority stake in CMCC, while Hong Kong tycoon Richard Li and Gemini Trust Co. founders Cameron and Tyler Winklevoss are investors in its holding entity. Venture capitalists globally have continued to pull back from crypto this year following 2022’s price crash, a string of bankruptcies and the scandal that enveloped FTX, whose co-founder Sam Bankman-Fried is awaiting trial. Story continues Private funding for crypto startups in the first quarter of this year plunged to its lowest level since 2020, according to data from researcher PitchBook. Last month, Switzerland’s Syz Group said it’s joining with CMCC Global to start a minimum $50 million fund to invest in crypto-focused hedge funds. Most Read from Bloomberg Businessweek Why Launch Rockets When You Can Just Fling Them Into Space? Even $500 Million a Year From Google Isn’t Enough to Save Firefox Biden Administration Tamps Down Talk of US-China Decoupling Airbus Bets on a Stretched A220 Jet to Beat Boeing’s 737 Data Science Is the Hot New Master’s at B-Schools ©2023 Bloomberg L.P.', 'TheBiden executive order of March 2022 gave a clear signal that increased scrutiny and regulation were on their way. However, the order offered no clarity regarding which federal regulator would be tasked with the job. The crypto industry should not be in the crosshairs of a turf war between government agencies.\nThe market requires a principles-based regulatory approach to crypto assets and should not be facing a “shoot first, ask later” regulatory stance. Unfortunately, withCoinbase and Kraken both served with Wells notices recently, this seems to be the stance in the United States.\nWould the industry be governed by an enforcer — a judge, jury and executioner? Or perhaps an agency inclined toward clearly defined guardrails, developing principles and guidelines that encourage and nurture innovation in a relatively nascent and at times fragile industry?\nTwo U.S. regulatory agencies see crypto assets, be it in a centralized finance ordecentralized financecontext, as their exclusive territories: the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Not surprisingly, the SEC seems to regard most cryptocurrencies other than Bitcoin as “securities” while the CFTC has taken the opposing view.\nOne year after Biden’s executive order, there remains little clarity on the matter and no obvious strategy in place — a situation that is detrimental to all concerned. Regulatory battlelines have been drawn. Let’s consider the relative merits and legitimacy of each, and the idea that perhaps neither is the best way forward.\nThe crypto industry is still in development. There are signs that major players both in the CeFi and DeFi spaces are pivoting to jurisdictions such as Dubai and Hong Kong, which provide a clearer and more consistent principles-based regulatory approach than the U.S. style of regulations by enforcement.\nBack in 2018,then-SEC Chair Jay Clayton had this to say: “Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin. That type of currency is not a security.”\nBy 2021SEC Chair Gary Gensler had made a completely opposite statement“It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must work within our securities regime.”\nIt’s critical to provide clarity. Regulations should not change at the whim of whoever holds the chair at the SEC.\nThe current understanding is that the SEC defines securities to include “investment contracts.” The SEC’s conclusion that digital assets are securities is based on the application of the Howey Test, which comes from a 1946 Supreme Court case involving a dispute over citrus groves. TheHowey testcan be defined as an “investment contract” that exists where (i) there is the investment of money, (ii) in a common enterprise, (iii) with a reasonable expectation of profits to be derived (iv) from the efforts of others.\nIt’s interesting to note that the SEC is focused very much on the “nature” of the transaction, with zero consideration for the fundamentals of the asset class items being sold (whether citrus groves or financial assets). But let’s get this right. Is a ruling from 1946 involving orange groves truly instructive or appropriate\xa0when the future governance of global financial markets hangs in the balance?\nWe are of the view that rule-making and legislation are better tools to define our laws for our industry than enforcement action.\nEven the judiciary is skeptical of this enforcement route. The U.S. Federal BankruptcyJudge Michael Wiles in the recent Voyager bankruptcy case stated:“Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities subject to securities laws, or neither, or even on what criteria should be applied in making that decision. This uncertainty has persisted despite the fact that cryptocurrencies have been around for a number of years.”\nConsider the impact of full-bore regulatory oversight by the SEC. Firstly, cryptocurrency exchanges would have to register with the SEC and comply with all applicable rules and regulations. In the example of ETH, crypto financial services companies offering ETH would have to register as broker-dealers in each jurisdiction where they operate. Regional differences would add significant obstacles for many operators and exchanges.\nAlthough these changes could be implemented with time, they would radically alter the nature of crypto in terms of fast, frictionless transactions, the foundational advantages that have helped grow and popularize the DeFi market to date.\nAmbiguously drafted or interpreted rules and regulations would almost certainly stifle innovation, a key characteristic of the DeFi industry. Would new DeFi products and services be subjected to lengthy federal approval processes? How would this impact the position of the U.S. as a global financial leader, especially if the European Union develops a more nimble regulatory and compliance framework?\nThen there’s the inherently disparate and diverse nature of the DeFi industry. Many DeFi companies are idiosyncratic in nature, offering clients a menagerie of nuanced services and products. Does it really make sense to describe this diverse array of products and services simply as “securities”?\nOn the other side of the room, we have the CFTC, the federal regulatory authority for commodities and their respective derivatives instruments, including swaps, futures and options.\nAfter an initial jurisdictional statement in 2015,in 2016 the CFTC statedthat “bitcoin and other virtual currencies are encompassed in the definition [of commodity] and properly defined as commodities, and are subject as a commodity to the applicable provisions of the [Commodity Exchange] Act and [CFTC] Regulations.”\nFrom the perspective of the DeFi industry, the approach of the SEC has been in contrast to that of the CFTC. The SEC conducts itself as an enforcer, an agency more concerned with punitive measures, and less concerned with guidance and governance. So far the track record of the SEC is one of bringing enforcement cases against digital asset companies,without engaging with the industry or offering clear guidanceor regulatory rules of practice.\nLet’s now turn our attention to two ongoing legal cases that could reshape the future of cryptocurrencies and the DeFi industry.\nIn late 2020, the SECbrought a lawsuit against Ripple, a real-time payment system, currency exchange and remittance network. In the lawsuit, the SEC accused Ripple and two of its top executives of selling XRP tokens as unregistered securities. The case is currently still in court, but its eventual conclusion, which will depend on how the Howey test is interpreted, will almost certainly have tsunami-like consequences for the crypto industry, including the DeFi industry.\nAnother pivotal case involves a suit filed by the New York State Attorney General that accuses the KuCoin crypto exchange of violating securities laws, i.e that ETH, the LUNA token and the terraUSD (UST) stablecoin, are securities. The Kucoin case does not cite Howey but instead bases its interpretations on theMartin Act, a law passed in 1921.\nMore than 100 years later, in 2023, is it really prudent for federal regulators to apply legal arguments from the Al Capone era? Is it not time for a newer, updated approach?\nFor example, the U.S. could take a much bolder approach and take the lead from global regulators in Hong Kong, the British Virgin Islands and the Cayman Islands, which have all taken progressive steps to move away from shoehorning crypto under the laws that govern traditional finance and create separate regulatory bodies and laws for cryptocurrencies and digital assets.\nThe days of an unfettered, unregulated DeFi market are coming to an end. Chaos must now give way to a more evolved, more mature and far less murky digital financial arena. One that could spread its wings and attract traditional financial investment, as well as a new breed of younger investors, encouraged by market stability and better protections.\nThe message for today? It’s clear that territorial disputes over regulatory oversight are hurting us all. Let’s shape the future of crypto and DeFi together, to grow the industry, attract new investors and create a fast, frictionless financial system that works for all, melding together the advantages and benefits of both TradFi and DeFi.\nTell us what the rules are and we will comply. Give us an actual path to register and we will register. The current approach of enforcement is an unfair approach for good actors in the crypto market. In the meantime, we will continue to build our ecosystem and innovate.', 'The Biden executive orde r of March 2022 gave a clear signal that increased scrutiny and regulation were on their way. However, the order offered no clarity regarding which federal regulator would be tasked with the job. The crypto industry should not be in the crosshairs of a turf war between government agencies. The market requires a principles-based regulatory approach to crypto assets and should not be facing a “shoot first, ask later” regulatory stance. Unfortunately, with Coinbase and Kraken both served with Wells notices recently , this seems to be the stance in the United States. Would the industry be governed by an enforcer — a judge, jury and executioner? Or perhaps an agency inclined toward clearly defined guardrails, developing principles and guidelines that encourage and nurture innovation in a relatively nascent and at times fragile industry? Two U.S. regulatory agencies see crypto assets, be it in a centralized finance or decentralized finance context, as their exclusive territories: the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Not surprisingly, the SEC seems to regard most cryptocurrencies other than Bitcoin as “securities” while the CFTC has taken the opposing view. One year after Biden’s executive order, there remains little clarity on the matter and no obvious strategy in place — a situation that is detrimental to all concerned. Regulatory battlelines have been drawn. Let’s consider the relative merits and legitimacy of each, and the idea that perhaps neither is the best way forward. The crypto industry is still in development. There are signs that major players both in the CeFi and DeFi spaces are pivoting to jurisdictions such as Dubai and Hong Kong, which provide a clearer and more consistent principles-based regulatory approach than the U.S. style of regulations by enforcement. SEC and crypto as a security Back in 2018, then-SEC Chair Jay Clayton had this to say : “Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin. That type of currency is not a security.” Story continues By 2021 SEC Chair Gary Gensler had made a completely opposite statement “It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must work within our securities regime.” It’s critical to provide clarity. Regulations should not change at the whim of whoever holds the chair at the SEC. The current understanding is that the SEC defines securities to include “investment contracts.” The SEC’s conclusion that digital assets are securities is based on the application of the Howey Test, which comes from a 1946 Supreme Court case involving a dispute over citrus groves. The Howey test can be defined as an “investment contract” that exists where (i) there is the investment of money, (ii) in a common enterprise, (iii) with a reasonable expectation of profits to be derived (iv) from the efforts of others. It’s interesting to note that the SEC is focused very much on the “nature” of the transaction, with zero consideration for the fundamentals of the asset class items being sold (whether citrus groves or financial assets). But let’s get this right. Is a ruling from 1946 involving orange groves truly instructive or appropriate\xa0when the future governance of global financial markets hangs in the balance? We are of the view that rule-making and legislation are better tools to define our laws for our industry than enforcement action. Even the judiciary is skeptical of this enforcement route. The U.S. Federal Bankruptcy Judge Michael Wiles in the recent Voyager bankruptcy case stated : “ Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities subject to securities laws, or neither, or even on what criteria should be applied in making that decision. This uncertainty has persisted despite the fact that cryptocurrencies have been around for a number of years.” Arguments against crypto as a security Consider the impact of full-bore regulatory oversight by the SEC. Firstly, cryptocurrency exchanges would have to register with the SEC and comply with all applicable rules and regulations. In the example of ETH, crypto financial services companies offering ETH would have to register as broker-dealers in each jurisdiction where they operate. Regional differences would add significant obstacles for many operators and exchanges. Although these changes could be implemented with time, they would radically alter the nature of crypto in terms of fast, frictionless transactions, the foundational advantages that have helped grow and popularize the DeFi market to date. Ambiguously drafted or interpreted rules and regulations would almost certainly stifle innovation, a key characteristic of the DeFi industry. Would new DeFi products and services be subjected to lengthy federal approval processes? How would this impact the position of the U.S. as a global financial leader, especially if the European Union develops a more nimble regulatory and compliance framework? Then there’s the inherently disparate and diverse nature of the DeFi industry. Many DeFi companies are idiosyncratic in nature, offering clients a menagerie of nuanced services and products. Does it really make sense to describe this diverse array of products and services simply as “securities”? CFTC and crypto as a commodity On the other side of the room, we have the CFTC, the federal regulatory authority for commodities and their respective derivatives instruments, including swaps, futures and options. After an initial jurisdictional statement in 2015, in 2016 the CFTC stated that “bitcoin and other virtual currencies are encompassed in the definition [of commodity] and properly defined as commodities, and are subject as a commodity to the applicable provisions of the [Commodity Exchange] Act and [CFTC] Regulations.” From the perspective of the DeFi industry, the approach of the SEC has been in contrast to that of the CFTC. The SEC conducts itself as an enforcer, an agency more concerned with punitive measures, and less concerned with guidance and governance. So far the track record of the SEC is one of bringing enforcement cases against digital asset companies, without engaging with the industry or offering clear guidance or regulatory rules of practice. Let’s now turn our attention to two ongoing legal cases that could reshape the future of cryptocurrencies and the DeFi industry. SEC v. Ripple (XRP) and NYAG v. KuCoin In late 2020, the SEC brought a lawsuit against Ripple , a real-time payment system, currency exchange and remittance network. In the lawsuit, the SEC accused Ripple and two of its top executives of selling XRP tokens as unregistered securities. The case is currently still in court, but its eventual conclusion, which will depend on how the Howey test is interpreted, will almost certainly have tsunami-like consequences for the crypto industry, including the DeFi industry. Another pivotal case involves a suit filed by the New York State Attorney General that accuses the KuCoin crypto exchange of violating securities laws, i.e that ETH, the LUNA token and the terraUSD (UST) stablecoin, are securities. The Kucoin case does not cite Howey but instead bases its interpretations on the Martin Act , a law passed in 1921. More than 100 years later, in 2023, is it really prudent for federal regulators to apply legal arguments from the Al Capone era? Is it not time for a newer, updated approach? For example, the U.S. could take a much bolder approach and take the lead from global regulators in Hong Kong, the British Virgin Islands and the Cayman Islands, which have all taken progressive steps to move away from shoehorning crypto under the laws that govern traditional finance and create separate regulatory bodies and laws for cryptocurrencies and digital assets. Shaping the future of DeFi and TradFi The days of an unfettered, unregulated DeFi market are coming to an end. Chaos must now give way to a more evolved, more mature and far less murky digital financial arena. One that could spread its wings and attract traditional financial investment, as well as a new breed of younger investors, encouraged by market stability and better protections. The message for today? It’s clear that territorial disputes over regulatory oversight are hurting us all. Let’s shape the future of crypto and DeFi together, to grow the industry, attract new investors and create a fast, frictionless financial system that works for all, melding together the advantages and benefits of both TradFi and DeFi. Tell us what the rules are and we will comply. Give us an actual path to register and we will register. The current approach of enforcement is an unfair approach for good actors in the crypto market. In the meantime, we will continue to build our ecosystem and innovate.', 'Traders work on the floor at the New York Stock Exchange (NYSE) in New York Reuters US stocks fell on Monday after First Republic Bank collapsed on the first trading day of May. JPMorgan bought the bulk of the California lender\'s assets in a $10.6 billion deal. The third bank failure this year comes as the Fed is expected to raise interest rates for the 10th consecutive time. US stocks lost ground Monday after investors spent the first day of May trading gauging the implications of First Republic Bank\'s seizure , with the second-largest bank failure in US history arriving just before the Federal Reserve is expected to raise interest rates again. The S&P 500 Financial sector slipped, contributing to pulling down the S&P 500 index after two straight winning sessions that capped off an advance for April. JPMorgan shares , however, led the Dow Jones Industrial Average after the bank took over the bulk of First Republic\'s assets in a $10.6 billion deal. JPMorgan will pull in $92 billion in deposits from First Republic after numerous clients yanked $100 billion from the California lender in the first quarter. The moves followed the abrupt March collapses and seizures of Silicon Valley Bank and Signature Bank. First Republic Bank shares were halted during the session after tumbling sharply. Investors will want to hear what Fed Chair Jerome Powell will say about the newest bank failure when the US central bank delivers its May policy decision n on Wednesday. Markets were largely pricing in a 10th straight rate hike. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,167.87, down 0.04% Dow Jones Industrial Average : 34,051.70, down 0.14% (46.46 points) Nasdaq Composite : 12,212.60, down 0.11% Some may view last month\'s deposit infusion into First Republic by large rivals as a failure, but CFRA said it disagreed. " If FRC had not received $30 billion from large banks in mid-March, the bank would likely have failed sooner, resulting in more fear and more deposit withdrawals from other regional banks. This could have caused a series of bank failures that would have weakened the U.S. financial system," CFRA equity analyst Alexander Yokum said in a note. Story continues Here\'s what else is happening today: Here\'s what investors are looking for from the Fed\'s May meeting. Elon Musk says dead banks prove more rate hikes will cause a severe recession. Stocks look set to sell off as an overly hawkish Fed could hurt expectations for interest rate cuts, says Morgan Stanley\'s top strategist. Warren Buffett\'s right-hand man Charlie Munger warns of turmoil in the US commercial property market. Most investors expect Buffett\'s Berkshire Hathaway to outperform the S&P 500 over the next five years. A new "ex-China world order" will keep inflation higher, venture capitalist Chamath Palihapitiya says . More than half of investors expect shares of Warren Buffett\'s Berkshire Hathaway to outperform the S&P 500 Index over the next five years. From a credit crunch to a meltdown in the commercial real estate market, here\'s what top economists are predicting for the coming months . In commodities, bonds, and crypto: West Texas Intermediate crude dropped 1.3% to $75.78 per barrel. Brent crude, the international benchmark, fell 1.1% to $79.45. Gold lost 0.5% to $1,989.50 per ounce. The 10-year Treasury yield shot up 13 basis points to 3.56%. Bitcoin gave up 4.1% at $28,036.50. Read the original article on Business Insider', '• US stocks fell on Monday after First Republic Bank collapsed on the first trading day of May.\n• JPMorgan bought the bulk of the California lender\'s assets in a $10.6 billion deal.\n• The third bank failure this year comes as the Fed is expected to raise interest rates for the 10th consecutive time.\nUS stocks lost ground Monday after investors spent the first day of May trading gauging the implications ofFirst Republic Bank\'s seizure, with the second-largest bank failure in US history arriving just before the Federal Reserve is expected to raise interest rates again.\nThe S&P 500 Financial sector slipped, contributing to pulling down the S&P 500 index after two straight winning sessions that capped off an advance for April.\nJPMorgan shares, however, led the Dow Jones Industrial Average after the bank took over the bulk of First Republic\'s assets in a $10.6 billion deal. JPMorgan will pull in $92 billion in deposits from First Republic after numerous clients yanked $100 billion from the California lender in the first quarter.\nThe moves followed the abrupt March collapses and seizures of Silicon Valley Bank and Signature Bank. First Republic Bank shares were halted during the session after tumbling sharply.\nInvestors will want to hear what Fed Chair Jerome Powell will say about the newest bank failure when the US central bank delivers itsMay policy decisionn on Wednesday. Markets were largely pricing in a 10th straight rate hike.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:4,167.87, down 0.04%\n• Dow Jones Industrial Average:34,051.70, down 0.14% (46.46 points)\n• Nasdaq Composite:12,212.60, down 0.11%\nSome may view last month\'s deposit infusion into First Republic by large rivals as a failure, but CFRA said it disagreed.\n"If FRC had not received $30 billion from large banks in mid-March, the bank would likely have failed sooner, resulting in more fear and more deposit withdrawals from other regional banks. This could have caused a series of bank failures that would have weakened the U.S. financial system," CFRA equity analyst Alexander Yokum said in a note.\nHere\'s what else is happening today:\n• Here\'s what investors are looking forfrom the Fed\'s May meeting.\n• Elon Musksays dead banks prove more rate hikes will cause a severe recession.\n• Stocks look set to sell offas an overly hawkish Fed could hurt expectations for interest rate cuts, says Morgan Stanley\'s top strategist.\n• Warren Buffett\'s right-hand man Charlie Mungerwarns of turmoil in the US commercial property market.\n• Most investors expect Buffett\'sBerkshire Hathaway to outperformthe S&P 500 over the next five years.\n• A new "ex-China world order" will keep inflation higher,venture capitalist Chamath Palihapitiya says.\n• More than half of investors expect shares of Warren Buffett\'s Berkshire Hathaway to outperform the S&P 500 Index over the next five years.\n• From a credit crunch to a meltdown in the commercial real estate market, here\'s what topeconomists are predicting for the coming months.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate crudedropped 1.3% to $75.78 per barrel.Brent crude,the international benchmark, fell 1.1% to $79.45.\n• Goldlost 0.5% to $1,989.50 per ounce.\n• The10-year Treasury yieldshot up 13 basis points to 3.56%.\n• Bitcoingave up 4.1% at $28,036.50.\nRead the original article onBusiness Insider', 'Bitcoin fell in early Tuesday morning trading in Asia, dipping to US$28,000 and then falling through that support line later in the morning. Ether and the other top 10 non-stablecoin cryptocurrencies traded lower, with Polkadot and Solana leading the losers. The three major U.S. stock futures indexes fell after the month started with another bank failure in the U.S. Trading volume picked up in crypto overnight, but stock trading was thin ahead of the Fed\x92s decision on interest rates on Wednesday and more data on the state of the U.S. economy coming later this week. See related article: Mad Lads tops weekly NFT sales in first week since launch Crypto Bitcoin. Digital virtual coin on a black background Bitcoin fell 4.1% to US$28,058 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The drop left the world\x92s largest cryptocurrency with a slimmer seven-day gain of 1.97%. Uncertainty about the U.S. banking system and whether more failures will follow is making most investors cautious around crypto and other assets, despite recent predictions of substantial price gains for Bitcoin this year. Ether fell 2.16% to US$1,830, dropping 0.6% for the week. The token\x92s price has now retraced back to values seen in early April and has given up most of the gains related to the Shanghai hard fork on April 12, which freed up billions of dollars in Ether to be withdrawn from staking pools. Solana lost 3.45% to US$21.97, which could be profit-taking after the recent buzz around the debut of the blockchain\x92s first smartphone \x93Saga\x94 scheduled for May 4. The token is still up 2.7% for the week. Polkadot led the losers, falling 3.73% to US$5.67 and bringing its seven-day decline to 3.81%. The total crypto market capitalization fell 3.21% in the past 24 hours to US$1.16 trillion, while trading volume jumped 28.9% to US$40.97 billion. NFT The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.86% to 3,717.16 in the 24 hours to 8:00 a.m. in Hong Kong, losing 1.16% for the week. While the index dipped, developments in the overall NFT market are picking up pace. Leading art auction house Sotheby\x92s, which has reportedly handled about US$120 million in NFT sales, is now offering peer-to-peer trades of NFT art between collectors on its platform via the Ethereum and Polygon networks. Blur, currently the largest NFT marketplace by trading volume, said Monday it is launching a peer-to-peer NFT lending protocol called \x93Blend,\x94 which will allow users to put up collateral for purchasing NFTs. Its developers say the service will use the same principle as a mortgage to buy a house and that it will bring more cash and users into the market. Story continues Equities Image: First Republic Bank U.S. stock futures dipped as of 8:00 a.m, in Hong Kong, flagging the direction of the market when Wall Street opens later on Tuesday. The Dow Jones Industrial Average futures lost 0.11%, and the S&P 500 futures index dipped 0.14%. The Nasdaq-100 futures dropped 0.15%. All three indexes closed lower in regular Monday trade, overshadowed by the failure of First Republic Bank over the weekend, the fourth bank failure in the U.S. this year following Silvergate, Silicon Valley and Signature banks. U.S. regulators took control of First Republic after it reported in April it had seen around US$100 billion, or more than 40% of deposits, withdrawn and the stock plunged. JPMorgan won the bidding to purchase the bank\x92s remaining assets, the Wall Street investment bank said in a press release on Monday. In more industry gloom, Morgan Stanley said Monday it will cut another 3,000 jobs in the second quarter, according to Reuters , while Treasury Secretary Janet Yellen warned Monday that the U.S. government may default on its debt by June 1 if Congress doesn\x92t raise the debt ceiling. Other indicators on the health of the U.S. economy and businesses coming this week include earnings from Apple, the world\x92s biggest company by market capitalization, on Thursday and jobs numbers for April on Friday. Before those, however, the focus is on the Federal Reserve\x92s next move on interest rates, which is due on May 3. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. With U.S. inflation still trending at around 5%, analysts at the CME Group now expect an 85.5% chance the Fed will raise rates by 25 basis points this week and this is largely priced into markets. Interest rates in the world\x92s biggest economy are currently between 4.75% to 5%, the highest since June 2006. See related article: HKMA urges local banks to provide services to regulated digital asset firms View comments', 'Bitcoin fell in early Tuesday morning trading in Asia, dipping to US$28,000 and then falling through that support line later in the morning. Ether and the other top 10 non-stablecoin cryptocurrencies traded lower, with Polkadot and Solana leading the losers. The three major U.S. stock futures indexes fell after the month started with another bank failure in the U.S. Trading volume picked up in crypto overnight, but stock trading was thin ahead of the Fed’s decision on interest rates on Wednesday and more data on the state of the U.S. economy coming later this week.\nSee related article:Mad Lads tops weekly NFT sales in first week since launch\nBitcoin fell 4.1% to US$28,058 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The drop left the world’s largest cryptocurrency with a slimmer seven-day gain of 1.97%. Uncertainty about theU.S. banking systemand whether more failures will follow is making most investors cautious around crypto and other assets, despiterecent predictionsof substantial price gains for Bitcoin this year.\nEther fell 2.16% to US$1,830, dropping 0.6% for the week. The token’s price has now retraced back to values seen in early April and has given up most of the gains related to the Shanghai hard fork on April 12, which freed upbillions of dollarsin Ether to be withdrawn from staking pools.\nSolana lost 3.45% to US$21.97, which could be profit-taking after the recent buzz around the debut of the blockchain’s first smartphone “Saga” scheduled for May 4. The token is still up 2.7% for the week. Polkadot led the losers, falling 3.73% to US$5.67 and bringing its seven-day decline to 3.81%.\nThe total crypto market capitalization fell 3.21% in the past 24 hours to US$1.16 trillion, while trading volume jumped 28.9% to US$40.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.86% to 3,717.16 in the 24 hours to 8:00 a.m. in Hong Kong, losing 1.16% for the week.\nWhile the index dipped, developments in the overall NFT market are picking up pace. Leading art auction house Sotheby’s, which hasreportedlyhandled about US$120 million in NFT sales, is now offering peer-to-peer trades of NFT art between collectors on its platform via the Ethereum and Polygon networks.\nBlur, currently the largest NFT marketplace by trading volume,saidMonday it is launching a peer-to-peer NFT lending protocol called “Blend,” which will allow users to put up collateral for purchasing NFTs. Its developers say the service will use the same principle as a mortgage to buy a house and that it will bring more cash and users into the market.\nU.S. stock futures dipped as of 8:00 a.m, in Hong Kong, flagging the direction of the market when Wall Street opens later on Tuesday. The Dow Jones Industrial Average futures lost 0.11%, and the S&P 500 futures index dipped 0.14%. The Nasdaq-100 futures dropped 0.15%.\nAll three indexes closed lower in regular Monday trade, overshadowed by the failure of First Republic Bank over the weekend, the fourth bank failure in the U.S. this year following Silvergate, Silicon Valley and Signature banks.\nU.S. regulators took control of First Republic after it reported in April it had seen around US$100 billion, or more than 40% of deposits, withdrawn and the stock plunged. JPMorgan won the bidding to purchase the bank’s remaining assets, the Wall Street investment bank said in apress releaseon Monday.\nIn more industry gloom, Morgan Stanley said Monday it will cut another 3,000 jobs in the second quarter, according toReuters, while Treasury Secretary Janet Yellenwarned Mondaythat the U.S. government may default on its debt by June 1 if Congress doesn’t raise the debt ceiling.\nOther indicators on the health of the U.S. economy and businesses coming this week include earnings from Apple, the world’s biggest company by market capitalization, on Thursday and jobs numbers for April on Friday.\nBefore those, however, the focus is on the Federal Reserve’s next move on interest rates, which is due on May 3. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%.\nWith U.S. inflation still trending at around 5%, analysts at the CME Group now expect an 85.5% chance the Fed will raise rates by 25 basis points this week and this is largely priced into markets. Interest rates in the world’s biggest economy are currently between 4.75% to 5%, the highest since June 2006.\nSee related article:HKMA urges local banks to provide services to regulated digital asset firms', 'Bitcoin fell in early Tuesday morning trading in Asia, dipping to US$28,000 and then falling through that support line later in the morning. Ether and the other top 10 non-stablecoin cryptocurrencies traded lower, with Polkadot and Solana leading the losers. The three major U.S. stock futures indexes fell after the month started with another bank failure in the U.S. Trading volume picked up in crypto overnight, but stock trading was thin ahead of the Fed’s decision on interest rates on Wednesday and more data on the state of the U.S. economy coming later this week.\nSee related article:Mad Lads tops weekly NFT sales in first week since launch\nBitcoin fell 4.1% to US$28,058 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The drop left the world’s largest cryptocurrency with a slimmer seven-day gain of 1.97%. Uncertainty about theU.S. banking systemand whether more failures will follow is making most investors cautious around crypto and other assets, despiterecent predictionsof substantial price gains for Bitcoin this year.\nEther fell 2.16% to US$1,830, dropping 0.6% for the week. The token’s price has now retraced back to values seen in early April and has given up most of the gains related to the Shanghai hard fork on April 12, which freed upbillions of dollarsin Ether to be withdrawn from staking pools.\nSolana lost 3.45% to US$21.97, which could be profit-taking after the recent buzz around the debut of the blockchain’s first smartphone “Saga” scheduled for May 4. The token is still up 2.7% for the week. Polkadot led the losers, falling 3.73% to US$5.67 and bringing its seven-day decline to 3.81%.\nThe total crypto market capitalization fell 3.21% in the past 24 hours to US$1.16 trillion, while trading volume jumped 28.9% to US$40.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.86% to 3,717.16 in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $542,371,495,350 - Hash Rate: 312374381.6166337 - Transaction Count: 457708.0 - Unique Addresses: 620729.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds comment, weekly milestones; updates prices) * U.S. services sector data shows steady growth in February * Bitcoin, ether fall in Silvergate fallout * Dollar on track for worst week since mid-January vs yen * Dollar could resume uptrend next week with U.S. jobs data -analyst By Gertrude Chavez-Dreyfuss NEW YORK, March 3 (Reuters) - The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy. Analysts said the market has for the most part priced in the prospect of a higher terminal fed funds rate after the recent run of upbeat U.S. economic data. The yen, which is sensitive to U.S.-Japan long-term rate differentials, looked set to halt its six-week losing streak against the dollar, as it gained strength with 10-year U.S. yields retreating from a nearly four-month high close to 4.1%. Cryptocurrencies, on the other hand, took a beating as the crisis surrounding Silvergate Bank worsened, with industry heavyweights such as Coinbase Global and Galaxy Digital dropping the lender as their banking partner. The dollar index, which measures the greenback's value against six major currencies, fell 0.3% to 104.60, from as high as 105.36 at the start of the week, its strongest level since Jan. 6. So far this week, the index has slid 0.5%, on pace for its biggest percentage fall since the week of Jan. 15. The greenback briefly pared losses after data showed the U.S. services sector grew at a steady pace in February, with new orders and employment rising to more than one-year highs. The Institute for Supply Management's (ISM) non-manufacturing index dipped to 55.1 from 55.2 in January. "The dollar has essentially enjoyed four full weeks of gains that completely erased the losses in January," said Juan Perez, director of trading at Monex USA in Washington. "As markets look to end a tough Q1, there is optimism growing as the focus shifts from the pains associated with inflationary pressures and to the potential for a prosperous second half of the year despite central bank tightening via interest rates." Analysts polled by Reuters said recent dollar strength was likely to be temporary, and the currency will weaken over the course of the year as the global economy improves and on expectations the Fed will stop hiking interest rates well ahead of the European Central Bank. However, the dollar seems unlikely to reverse its latest uptrend, said Karl Schamotta, chief market strategist at Corpay in Toronto. "Next week's job opening and non-farm payrolls reports could generate a lift in yields and the dollar. Traders are likely to move cautiously, particularly in currencies exposed to more dovish local central bank messaging - namely the Aussie, Canadian dollar, and yen." The Bank of Japan (BOJ), meanwhile, is expected to start dismantling extraordinary stimulus measures after Governor Haruhiko Kuroda retires next month. Tokyo inflation data for February exceeded the BOJ's target for a ninth month, but the core measure did decelerate from a 42-year high. The dollar eased 0.4% to 136.26 yen, after climbing to 137.10 on Thursday, the highest since Dec. 20. For the week, the dollar was down 0.4% versus the yen, its worst weekly showing since mid-January. The euro rose 0.3% to $1.0628, after starting the week at a nearly two-month low of $1.0533. Sterling rose 0.7% against the dollar to $1.2032, on track for a 0.4% gain on the week, its best weekly performance since Jan. 20. The pound's gains came as Britain struck a post-Brexit Northern Ireland trade deal with the European Union, while a survey showed Britain's services sector grew at the fastest pace in eight months in February. Bitcoin slid 4.9% to $22,306, after touching a 2-1/2-week low at $22,000. Ether declined dropped 5.4% to $1,559 after touching $1,543.60, the lowest since mid-February. ======================================================== Currency bid prices at 3:00PM (2000 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 104.5100 104.9600 -0.41% 0.986% +105.0100 +104.5100 Euro/Dollar $1.0633 $1.0598 +0.33% -0.76% +$1.0636 +$1.0589 Dollar/Yen 135.8500 136.7800 -0.67% +3.62% +136.7650 +135.8100 Euro/Yen 144.45 144.92 -0.32% +2.96% +145.0400 +144.3000 Dollar/Swiss 0.9362 0.9424 -0.65% +1.25% +0.9420 +0.9360 Sterling/Dollar $1.2044 $1.1948 +0.82% -0.40% +$1.2046 +$1.1945 Dollar/Canadian 1.3592 1.3595 -0.03% +0.31% +1.3644 +1.3556 Aussie/Dollar $0.6770 $0.6730 +0.59% -0.69% +$0.6772 +$0.6725 Euro/Swiss 0.9953 0.9983 -0.30% +0.59% +0.9999 +0.9948 Euro/Sterling 0.8827 0.8869 -0.47% -0.19% +0.8873 +0.8827 NZ $0.6224 $0.6218 +0.14% -1.95% +$0.6241 +$0.6193 Dollar/Dollar Dollar/Norway 10.3860 10.4360 -0.39% +5.92% +10.4610 +10.3950 Euro/Norway 11.0477 11.0500 -0.02% +5.28% +11.0900 +11.0416 Dollar/Sweden 10.4623 10.5073 -0.06% +0.52% +10.5271 +10.4630 Euro/Sweden 11.1260 11.1322 -0.06% -0.21% +11.1533 +11.1225 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Samuel Indyk in London and Kevin Buckland in Tokyo; Editing by Christopher Cushing, Kim Coghill, Louise Heavens, Christina Fincher and Richard Chang)... - Reddit Posts (Sample): [['u/DisputableSSD', 'Proposal: Modification to the block header to decrease node storage requirements by 60-70%', 95, '2023-05-02 01:57', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/', 'This post was inspired by [a proposal](https://bitcoincashresearch.org/t/chip-2021-07-utxo-fastsync/502) for BitcoinCash.\n\nTLDR: Skip downloading irrelevant data from old transactions. No increase to centralization/trusted-ness, and the extra verification cost is negligible.\n\nKey sections will be bolded, if you just want a general idea.\n\nA new field would be added to the block header. It\'s more-or-less identical to the existing merkle root which commits to every transaction in the block, except each transaction has `rctsig_prunable` removed. This portion of the transaction holds all of the cryptographic proofs, namely the ring signatures and rangeproofs, which represent the majority of a transaction\'s footprint in terms of size. Everything else, including all data necessary to verify future transactions, sync a wallet, and whatever else, are elsewhere in the transaction. Removing this field is, as you may have guessed from the name, how pruning works. This extra 32-byte field would grow the blockchain by less than 9 megabytes per year, and would take less than a millisecond to verify for each block.\n\nCurrently, pruned nodes must download the entire blockchain despite the fact that they only intend to keep about one third of it. This change would allow them to only download the "core" of the transaction, thus skipping the unnecessary work. This would not only reduce the amount of data which each node has to download, but also reduce the overall strain on the network. Additionally, this would technically remove the need for keeping old data at all: the network could function fine with 100% fully-pruned nodes, though in practice it would be good to maintain some full copies, even if not strictly necessary.\n\nThe existing pruning implementation retains a full copy of 1/8 of all blocks, which is also compatible with this proposal. Without going into too much detail, a pruned node will randomly select a "seed" with which it will decide the blocks it wants to keep. On the blocks which it prunes, the pruned transaction set would be download. On blocks which it does not prune, the full transaction set would be downloaded.\n\nBut wait a minute, if nodes don\'t download the proofs from old transactions, doesn\'t that mean we risk accepting invalid transactions? Well yes, but nodes *already* do this. There is a checkpoint system in place, where every transaction before a certain block is automatically assumed to be valid, which drastically reduces the time needed to verify the blockchain. What this means, though, is that every node must download all those old proofs, only to do nothing with them, except for transmit them to other nodes, thus continuing the cycle. New blocks (usually within a few months), which aren\'t explicitly marked as valid within the software, are verified normally. This modification would work the same: new blocks would be fully downloaded as normal. There is no extra risk involved with this change, since checkpoints already do the same thing, just in a less efficient way.\n\nCheckpoints are not unique to Monero, either. Bitcoin has them (albeit, implemented differently), and Ethereum even has a "quick-sync" feature which is similar to this proposal. Most, if not all, other cryptocurrencies have some form of checkpoints, so Monero is not an exception.\n\nThis could be implemented in a future hard fork. It\'s possible to make it a soft fork, similar to SegWit in Bitcoin, but I don\'t think anyone here wants to recreate that mess. This change is also completely compatible with Seraphis, and likely any other potential future transaction protocol, so it\'s future-proof.\n\n\n\n# Edit:\n\nAfter further research, apparently this already exists! Just in a slightly different manner than what I described. The `--sync-pruned-blocks` flag was added in 2019, but from what I can tell it appears to be mostly forgotten about. I\'ve opened [an issue](https://github.com/monero-project/monero/issues/8834) on GitHub, suggesting to enable this by default for pruned nodes. There seems to be no reason why not to, as current pruning behavior means that the node will immediately discard most of the data it just downloaded, when syncing old blocks.', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/', '1355ipf', [['u/bdoc50', 16, '2023-05-02 02:11', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jii1e6z/', 'This would be great if works as described. Chain "bloat" is the last sticking point for BTC maxi FUD regarding Monero.', '1355ipf'], ['u/gingeropolous', 10, '2023-05-02 02:33', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jii4c67/', "Then they'll scream centralization because this is essentially accepting a stamp of approval ( afaiui)", '1355ipf'], ['u/Tystros', 27, '2023-05-02 05:35', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jiirthv/', 'you should post this as an issue on github', '1355ipf'], ['u/DisputableSSD', 11, '2023-05-02 07:34', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jij3bdc/', 'Done! See the edit on the original post.', '1355ipf']]], ['u/shiraco414', 'If I could go back five years', 34, '2023-05-02 02:09', 'https://www.reddit.com/r/M1Finance/comments/1355su7/if_i_could_go_back_five_years/', 'I would tell myself to stop pretending I knew what I was doing or care to know, and just put my money in VOO and some in VUG.\n\nI would have made more money without stressing myself and looking at my phone all the time. \n\nObviously, I\'m not counting things like "buy bitcoin X date and sell it X date"', 'https://www.reddit.com/r/M1Finance/comments/1355su7/if_i_could_go_back_five_years/', '1355su7', [['u/slut', 26, '2023-05-02 02:16', 'https://www.reddit.com/r/M1Finance/comments/1355su7/if_i_could_go_back_five_years/jii1ztz/', 'M1Finance is the /r/wallstreetbets retirement home', '1355su7']]], ['u/HockeyGold11', '27M - Guidance needed', 20, '2023-05-02 02:20', 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/', "Looking for advice as I think it may be time to change my strategy. I think I am too heavily investing in tax advantaged retirement accounts and wondering if I need to start exploring a taxable brokerage and HYSA.\n\nFinancial Breakdown:\n\n~105k income (about 3.5k expenses in VHCOL – SoCal)\n\n401k - 95k (max + generous employer match of 10-12k/yr)\n\nRoth - 40k (max yearly with some individual holdings like TSLA)\n\nHSA - 4.5k (max)\n\nCrypto - 8k (I buy $400ish bitcoin every month)\n\nI don't really have any savings outside of retirement and crypto. Do I need to tone down the tax advantaged and start building non-retirement or keep the current path?\n\nThanks for any help you can provide.", 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/', '13561bu', [['u/parchedbeluga', 20, '2023-05-02 02:39', 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/jii52ya/', "Continue to max every available tax-advantaged opportunity. You're on the cusp of being able to do so, and your future earnings will take you over that limit where you'll have to contribute to taxable accounts anyway (mega backdoor aside). \n\nThink of it this way - you want funds to grow tax free for as long as possible. Why wouldn't you want those accounts to be maximized as early as possible? Even if you retire before withdrawal age, you'll need money when you're older too. \n\nAlso here's obligatory unsolicited advice to dump your individual holdings. It can work for people who really know what they're doing. Based on where that money is going, you aren't one of those people.", '13561bu'], ['u/o2msc', 25, '2023-05-02 02:42', 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/jii5gl6/', 'You should have about $20,000 in a HYSA as your six month emergency fund. Especially living in a VHCOL area with a more modest income for Southern California. Really no business having that much money going into crypto every month when you don’t have any savings.', '13561bu']]], ['u/Fureasies', 'Hashrate goes brrrr (ATH)', 30, '2023-05-02 03:03', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/', '[https://www.coinwarz.com/mining/bitcoin/hashrate-chart](https://www.coinwarz.com/mining/bitcoin/hashrate-chart)\n\n491.15 EH/s (2.5.2023 1.08 am UTC)\n\nhttps://preview.redd.it/0iwlsnpwhbxa1.png?width=983&format=png&auto=webp&v=enabled&s=12ed98b58571320c5b814a0fcc048f1c756de0ec', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/', '1356yp0', [['u/Unlikely-Swordfish28', 16, '2023-05-02 03:36', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/jiicpq6/', 'i find hashrate so interesting, prob the most bullish signal we have. Someone, somewhere is pouring a lot of resources into mining infrascture, likely a nation state', '1356yp0'], ['u/jamesblacklock', 11, '2023-05-02 05:31', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/jiirey7/', 'I\'m going to describe it in a not totally accurate way that may be easier to follow.\n\nHashrate basically roughly represents the number of miners (or "mining units") that are racing to create a block. The more miners there are, the higher the hashrate will go, and that\'s good for numerous reasons:\n\n1. It makes it harder for an attacker to use a 50% attack because the attacker has so much competition\n2. It suggests that mining profitability has probably increased, maybe because of more efficient mining equipment, maybe other reasons\n\nIn a nutshell, competition amongst miners is what secures the ledger and prevents rewriting it. So higher hashrate generally = increased health and security of the system overall.', '1356yp0']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 02, 2023', 31, '2023-05-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/', '135amny', [['u/regxbN78', 12, '2023-05-02 06:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jiizue3/', "So it's a steady drift downwards in price as we head into the debt ceiling debacle? 🍿", '135amny'], ['u/spinbarkit', 11, '2023-05-02 09:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijayxl/', "payday. time to save long and move liq to more comfortable level. \n\nah yes, also I was wondering if Wardser is a witch?\n\nnext thing I wanted to touch here is how come people actually think they know, like for sure, what will come next? and then fight over this...\nI get it Wardser CAN know... \n\nmessage reads: guys, try to chill. let's just wait and see. in the mean time take pleasure in observing the process itself.\n\nabove that, don't do utterly stupid things and get liquidated before the great profits really come...\n\nlike some of us... yes?", '135amny'], ['u/mad_bitcoin', 16, '2023-05-02 11:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijl59e/', 'Hashrate jumped from 288 EH/s to 450 EH/s in SIX DAYS! \n\nProbably nothing👀', '135amny'], ['u/PatientlyWaitingfy', 22, '2023-05-02 12:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijmumo/', 'Crab', '135amny'], ['u/Lornd', 11, '2023-05-02 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijym5j/', 'If you listen carefully enough you might just hear the faint sound of Elizabeth Warren screeching somewhere off in the far distance.', '135amny'], ['u/52576078', 20, '2023-05-02 15:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jik9bih/', 'More on the Buthan mining news. OK, they are a tiny country, but they have a surplus of electricity so this is a smart move. https://thebhutanese.bt/a-tech-future/', '135amny'], ['u/dopeboyrico', 26, '2023-05-02 16:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikc9lg/', 'Fed meets tomorrow to hike rates another 25 BP adding more pressure on banks at risk of failure. Pacific Western Bank stock is down more than 35% today and might end up reaching a new all-time low. This is potentially the next bank to fail, amongst others.\n\nThen on the side of Congress we have the debt ceiling x date being pushed up to as early as June 1st.\n\nAdditional money printing is coming on both ends. It might get bumpy between now and then as people begin to doubt that the money printer is going to get turned back on but it’s coming.\n\nWith high inflation people are upset but too busy toiling away at their jobs trying to scrape by to do anything about it. With high unemployment people are upset and have plenty of free time to resort to violence since they have nothing left to lose without their jobs. If those in power are forced to choose between one or the other, they will choose high inflation.', '135amny'], ['u/Order_Book_Facts', 16, '2023-05-02 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikcp00/', 'I hope we crab at 30k until 2024. Please, sell your coins now, it’s going to make 2025 a shit-on-your-boss’s-desk year.', '135amny'], ['u/jarederaj', 21, '2023-05-02 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikdpae/', 'This was always how it was going to end up. Miners will go to where energy is cheapest, and energy is cheapest when it is from a renewable source.\n\nWhen energy is trapped it becomes bitcoin. That is the world we live in today.', '135amny'], ['u/jarederaj', 16, '2023-05-02 16:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikeipq/', 'Retirement means you get to do what you love instead of grinding. You don’t need to wait.\n\nGuys, seriously, just figure out a way to stop grinding. It will cost you the shit that you probably don’t even care about at first. Pay the fee.', '135amny'], ['u/viralhysteria', 10, '2023-05-02 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikfsaf/', 'just sharing news, no particular thoughts on this relative to bitcoin pa atm, still not getting too excited about either or outcome until fomc rolls over. 5 minutes before this came out i was basically hoping we just chop a micro range through the day. \nhttps://twitter.com/KobeissiLetter/status/1653404208731676672', '135amny'], ['u/xtal_00', 11, '2023-05-02 17:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikm4il/', 'Grinding sucks. But so does poverty.\n\nI prefer the high class prostitution model. I might be selling my soul, but go for top dollar. :)', '135amny'], ['u/BatteredLittleFish', 10, '2023-05-02 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikn51d/', "Just look at that strength, once we get our dovish news tomorrow, we'll be back over 30 in no time.", '135amny'], ['u/jarederaj', 10, '2023-05-02 17:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikosga/', 'Yeah, looks like a positive setup to me, too. We’re ranging, but we’re at the bottom of the range. Crab, then maybe up.\n\nLong-term: bitcoin stands out from alts for at least the next year. Maybe a post halving rally, but I think the alt narratives are weak and will stay weak. They’re all “old tech,” just as they described bitcoin four and eight years ago. Nothing really new since 2013… and that stuff never materialized into something substantial.', '135amny'], ['u/emergencyexit', 12, '2023-05-02 17:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikpl0j/', 'State of the mempool, wtf', '135amny'], ['u/diydude2', 13, '2023-05-02 17:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikpplv/', 'Lots of people moving BTC around now that the dominoes are starting to fall in banking.', '135amny'], ['u/bittabet', 11, '2023-05-02 17:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikqzal/', 'The top four banks hold under $10 trillion in deposits so it’d be really impressive if they had $200 trillion in losses 😂', '135amny'], ['u/delgrey', 16, '2023-05-02 18:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikyo3m/', '"Biden proposes 30% climate change tax on cryptocurrency mining"\n\nHa here we go. Bitcoin shows a little life so gotta shut it down fast.', '135amny'], ['u/PatientlyWaitingfy', 21, '2023-05-02 19:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jil3z0q/', 'BTC is borderless', '135amny'], ['u/Downtown-Ad-4117', 10, '2023-05-02 19:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jil65x8/', 'They are saying some positions got liquidated, and that everything had worked as it should.', '135amny'], ['u/[deleted]', 22, '2023-05-02 19:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jil69v5/', "I gotta say sending BTC with Cash App on Lightning Network is pretty awesome. Free!\n\nEdit: Ok it gets a demerit for having a $999 limit per week. That's lame.", '135amny'], ['u/Shootinsomebball', 12, '2023-05-02 20:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jileyhp/', 'Miners will just go elsewhere. Biden wants 30% of nothing. Dumbass', '135amny'], ['u/ohmygodbeats7', 10, '2023-05-02 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jilfg1p/', 'It’s still there. It’s just below us right now.', '135amny'], ['u/bufonia1', 17, '2023-05-02 20:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jilinld/', 'how about the same tax on fossil fuel mining?', '135amny'], ['u/skarbowkajestsuper', 15, '2023-05-02 22:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jim0tyj/', 'Balaji is back with his $1m bet: \nhttps://twitter.com/balajis/status/1653449321185169409', '135amny']]], ['u/CryptoIsThePlan', 'Bitcoin has 200k Unconfirmed Transactions', 24, '2023-05-02 06:01', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/', 'There are nearly 200k unconfirmed transactions sitting in the mempool.\n\nhttps://preview.redd.it/5i5purvtccxa1.png?width=556&format=png&auto=webp&v=enabled&s=9d12c423711fa17748a6326893c2c0e88ad71824\n\nAccording to [an article](https://news.bitcoin.com/200000-unconfirmed-transactions-pile-another-crazy-day-bitcoin/) the reasons it happened in 2017 was:\n\n>Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours. \n> \n>Total bitcoin trading volume has neared $29 billion, a five-fold increase on the same time last month.\n\nIt also reached 100k transactions in the mempool around Oct 2020, according to [Coin Telegraph](https://cointelegraph.com/news/unconfirmed-transactions-on-bitcoin-network-at-highest-level-since-2017). \n\nDo you think this is an issue that needs to be addressed? What could be causing this to happen today?\n\n[Bitcoin Mempool](https://mempool.space/)', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/', '135ao55', [['u/FattestLion', 34, '2023-05-02 06:05', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/jiiv244/', '<insert shill for altcoin that can do 6,969 TPS here>', '135ao55'], ['u/CryptoIsThePlan', 14, '2023-05-02 06:07', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/jiivalb/', '"DogeShitInu handles 20,000 tx a second..."', '135ao55'], ['u/UnrulySasquatch1', 12, '2023-05-02 06:33', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/jiixyhn/', "What's weirder to me is the MASSIVE increases in transactions per day recently. April 30th has double the transactions per day from April 19th. And well over any historical high\n\nhttps://www.blockchain.com/explorer/charts/n-transactions", '135ao55']]], ['u/rBitcoinMod', 'Daily Discussion, May 02, 2023', 38, '2023-05-02 08:04', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/134fd9r/mentor_monday_may_01_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/', '135cu0s', [['u/B1gg_R3dd', 10, '2023-05-02 10:59', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jijhq4f/', 'Look up “Hyperinflation in the Weimar Republic” and you’ll see an example of why fiat is bad.', '135cu0s'], ['u/HipOut', 19, '2023-05-02 13:01', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jijqody/', 'Because you trade hours of your life for fiat currency, and then a central bank can just print more money which devalues the purchasing power of the money you’ve earned. You will never get those hours of your life back and the money will continue to lose value over time. Last year alone the money lost 5-10% of its value. We can’t even precisely gauge the rate of inflation that’s how messed up our current system is.\n\n\nWith inflation the cost of everything increases because the value of dollars has decreased. So when the grocery bill of a middle or lower class family increases it hits them way harder than it will hit the upper class, especially because wages are not increasing at the same speed as inflation.\n\nThis (among other reasons) only increases the wealth disparity between the upper class and the middle lower class, causing a very small percentage at the top to own a very large percentage of all of the wealth.\n\nThere are ways to opt out of the system, such as trading your fiat currency for physical property, but many are priced out of buying a home or commercial property.\n\nAnother way to opt out of the fiat system is to trade your fiat currency for Bitcoin, a decentralized currency with a limited supply that cannot be inflated', '135cu0s'], ['u/Umpire_State_Bldg', 11, '2023-05-02 14:53', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jik2a90/', 'They create money for free which the rest of us have to work for.\n\nSee the scam?', '135cu0s'], ['u/escodelrio', 17, '2023-05-02 15:57', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jikaiph/', "Historical Bitcoin prices for today, May 2nd:\r \n\r \n2023 - $28,014\r \n2022 - $38,914\r \n2021 - $56,609\r \n2020 - $8,891\r \n2019 - $5,503\r \n2018 - $9,220\r \n2017 - $1,444\r \n2016 - $445\r \n2015 - $235\r \n2014 - $447\r \n2013 - $106\r \n2012 - $5.1\r \n2011 - $3.2\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/02/2023 is $9,014.19.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1653353858221875200).", '135cu0s'], ['u/HurricaneHarvey7', 10, '2023-05-02 17:22', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jikmwvy/', 'PacWest and Western Alliance', '135cu0s'], ['u/Crypt0fart', 16, '2023-05-02 17:44', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jikq81u/', 'Goodbye banks 🏦 👋. Hello bitcorn 🌽', '135cu0s'], ['u/HurricaneHarvey7', 10, '2023-05-02 20:41', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jilhl6x/', "I'm going to laugh my ass off if the public suddenly understands the value of Bitcoin and the price goes into the six digits.", '135cu0s'], ['u/Maticus', 11, '2023-05-02 21:05', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jillcpu/', 'Disgusting garbage', '135cu0s']]], ['u/IAmAshley2', 'Had my first taste of Sports car racing', 23, '2023-05-02 09:28', 'https://www.reddit.com/r/Sportscar_Racing/comments/135e7tq/had_my_first_taste_of_sports_car_racing/', 'I’m a big fan of F1 and also BTCC and have been watching both of these for a few years now. I do like motorsport in general, I’ve tried to get in to Formula E but I find the racing not the best. \n\nLast night I went on to YouTube and watched the British GT championship qualifying and both races that were at Oulton Park. And I really enjoyed it actually. So I think I’ll be keeping up with that and watching them when I can. \n\nWhat other series do people recommend? I don’t want to overload myself with too much (also a lack of time) but I’m thinking of watching GT World Challenge Europe also just to ease myself in 😅 Makes it easier that they are both aired on YouTube in the UK.', 'https://www.reddit.com/r/Sportscar_Racing/comments/135e7tq/had_my_first_taste_of_sports_car_racing/', '135e7tq', [['u/Tonoigtonbawtumgaer', 26, '2023-05-02 09:48', 'https://www.reddit.com/r/Sportscar_Racing/comments/135e7tq/had_my_first_taste_of_sports_car_racing/jijd2w0/', "Yeah anything the GTWorld channel livestreams (GTWC included) is usually good, that's a great place to start and the chat always answers new people's questions, definitely recommend that", '135e7tq']]], ['u/Pleasuredinpurgatory', "Don't believe me, but I found a really clear edge for getting out of alts before they dump", 70, '2023-05-02 10:49', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/', 'Hear me out. \n\nI\'ve been trading for a few years in crypto and I have built a web app that tracks the top coins in the market. My friends and I created an indicator that tracks the trends of all coins and found some really interesting data points one of which I will share with you here.\n\nWhen BTC enters an Uptrend [according to our coin screener](https://coinrotator.app), alts will sell off aggressively. At first, I thought it was just an anomaly, like sometimes an MA crossover can predict strong moves, while other times the market goes in reverse. But this data point has happened at least 6 times in the past year. Each time alts dumped hard.\n\nSo how to keep track of this? Just access [coinrotator.app](https://coinrotator.app) or use the alerts in the discord or the telegram. Links are in the menu on the site.\n\n\n\nhttps://preview.redd.it/11n14cl5tdxa1.png?width=1804&format=png&auto=webp&v=enabled&s=573eb8b2f6627c87c10da7d766dba4d0078a3490\n\nAdditional confluence is when the market health indicator is in a downtrend.\n\nNone of this makes sense? We wrote a guide last year trying to explain it as simply as possible. granted, I am a verbose nerd so even with my attempt it still failed. \n\nBut for the unintiated: we track all coins in the top 1500 ranked by marketcap. When any coin is trading stronger than BTC ETH and USDT it is considered in an uptrend, and when its weaker, it is consdered in a downtrend. Trading weaker and stronger in different markets? It\'s in a "HODL" trend. That\'s it, that\'s what the screener does.\n\nHappy to answer any questions how I came up with this and what we plan to do with this data in the near future. We have a discord and a telegram but you don\'t have to join, in fact, don\'t just join, come and share your thoughts about what we built and why you think its a waste of time, I welcome any and all feedback, but don\'t come just to lurk. It\'s creepy!\n\n[https://coinrotator.app/coin/bitcoin](https://coinrotator.app/coin/bitcoin)\n\n[https://coinrotator.app/market-health](https://coinrotator.app/market-health)', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/', '135fg1a', [['u/lovelybittabusiness', 12, '2023-05-02 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/jijhat8/', "I mean, people are pretty aware of this already.\n\nThe market runs in cycles, Bitcoin pumps, then Eth and other big blue chip cryptos until later it runs into alts\n\nThis isn't exactly breaking news", '135fg1a'], ['u/Calm-Cartographer677', 44, '2023-05-02 10:58', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/jijhnjp/', 'No surprises there, alts do well when BTC crabs', '135fg1a']]], ['u/PRYCDaddy', 'Wen lambo?', 31, '2023-05-02 11:41', 'https://www.reddit.com/r/avatartrading/comments/135g9u9/wen_lambo/', 'Floor is thin on the Bitcoin Bear. Probably one of the bluest blue-chips of Gen 3!', 'https://i.redd.it/ju4oxotxjfxa1.jpg', '135g9u9', [['u/dinoyeti', 10, '2023-05-02 12:43', 'https://www.reddit.com/r/avatartrading/comments/135g9u9/wen_lambo/jijp4px/', 'Bruh I havent checked floor prices for the last 3 weeks. Good to see lambo performing. I actually bought two of these.', '135g9u9'], ['u/crypto_grandma', 14, '2023-05-02 12:47', 'https://www.reddit.com/r/avatartrading/comments/135g9u9/wen_lambo/jijpf3a/', "Lambozarth Moofaces, don't forget about the perfect [lambo accessory](https://opensea.io/collection/memetic-traders-x-reddit-collectible-avatars?search[stringTraits][0][name]=Right%20Hand&search[stringTraits][0][values][0]=Supercar) for your Bitcoin trading bear-bull\n\nhttps://preview.redd.it/wza6tl7pvfxa1.jpeg?width=583&format=pjpg&auto=webp&v=enabled&s=194e76b2628841bba70b80778ef7854944e5ead1", '135g9u9']]], ['u/dencol', 'Algo approaching another low while Eth and solana are more than double their ‘22 lows', 118, '2023-05-02 13:38', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/', 'Like most of you I’m down terribly on algorand. I’ve followed the progress closely since the start of ‘21 - before there was even a dApp - and while it appears significant progress has been made, the price continues to go down. It wouldn’t be so demoralizing if other L1s had comparable price action but Algo just keeps getting beaten down. \n\nI’ve said in previous comments that it feels like the liquidity I provided was used to pay for all of the corporate executives that have been hired. It’s hard to see $2 again, and at this point I just don’t see why I’d buy more Algo instead of Eth or BTC. Maybe this is what a bear market does. But at a certain point you have to call it what it is and Algorand has been a terrible investment. \n\nJust curious on what some of the long term holders with big bags think. Is it still “this is a 2030 play”? Has your confidence wavered? I know: accelerated vesting is over and the inflation is a lot less now. But what is the selling (buying?) point of algorand right now? Why choose this over Eth or Solana? It seems like they’re both so far ahead with users. \n\nWhat I think is great: the novel PPoS consensus mechanism, the transactions are quick and work smoothly, 10bn cap, and the work being done to attract developers (algokit).', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/', '135ik80', [['u/ColteesBigOleTits', 58, '2023-05-02 13:53', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijvkoh/', 'It freaking sucks. I have transacted almost exclusively on algorand since March 2021. It’s absolutely the easiest, fastest, most secure blockchain out there and using ETH for example feels so cumbersome compared to algo. But algo’s price action has been complete dogshit almost the entire time I’ve been a holder. These days, the only thing I use algo for is to buy and sell chips and play around in the casino. The only coin I’m actually hodling nowadays is BTC.', '135ik80'], ['u/UpDogsUp', 25, '2023-05-02 13:53', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijvn01/', "I'm seeing this as a miraculous buying opportunity", '135ik80'], ['u/TurkeyBaconALGOcado', 21, '2023-05-02 14:02', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijwims/', "When more people learn the hard way about gas fees and network outages, they'll likely open up to alternative chains free of those issues. Algorand being an excellent option, dare I say the best.", '135ik80'], ['u/_A_Day_In_The_Life_', 28, '2023-05-02 14:06', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijwyul/', 'I hope y’all are right for your sake but I’m not putting another cent into this coin.', '135ik80'], ['u/SirDanMur', 17, '2023-05-02 14:12', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijxm8d/', "I bought a lot last time it was in the .17s. I'm not buying anymore. But I'm have in LPs, governance and they have farms right now, so my algos buy Algo for me right now.", '135ik80'], ['u/hypercosm_dot_net', 112, '2023-05-02 14:34', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik03is/', '>Maybe this is what a bear market does\n\nYes. It\'s going to test your conviction. \n\nIt hasn\'t tested mine, because I know why I bought Algo. I also expected this to take time, and knew it wasn\'t going to make me rich overnight. \n\n>Why choose this over Eth or Solana? \n\nFor those speculating with Algo, the answer is - Algorand is an actual functioning blockchain, that has never gone down, and doesn\'t have exorbitant fees. Along with the very real innovations Silvio and team have implemented on Algorand - I mean, can you even rekey your wallet on any other chain?\n\nAlgorand is for forward thinking people. I am committed to it, because I think smart people are going to build their applications on it. \n\n"In the short run, the market is a voting machine but in the long run it is a weighing machine."', '135ik80'], ['u/618Crypto', 17, '2023-05-02 14:56', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik2o7b/', "Lambo or forever poor!...let's fkn go!", '135ik80'], ['u/[deleted]', 13, '2023-05-02 15:00', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik372h/', 'I wish I could take my investment back. But I don’t see it even in 2030', '135ik80'], ['u/malte_brigge', 11, '2023-05-02 15:04', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik3mra/', '> Eth and BTC have been around for decades\n\nFact check: Bitcoin was launched in January 2009. Ethereum is less than a decade old.', '135ik80'], ['u/hypercosm_dot_net', 16, '2023-05-02 15:20', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik5mpj/', "A significant real world implementation is HesabPay. It created access to a payment system to people in Afghanistan who wouldn't have had access otherwise. https://www.algorand.foundation/news/hesabpay\n\nAlso the F.A.M.E (Food Autonomy and Mutual Empowerment) app, which is a really cool mobile app that provides a marketplace and payment system for African farmers: https://www.algofame.org/\n\nFor the people wanting enterprise adoption, there's the Bank of Italy, which uses Algorand for digital sureties: https://ibsintelligence.com/ibsi-news/bank-of-italy-taps-algorand-blockchain-platform-for-digital-sureties-project/\n\nI'm sure there are many more examples. That's what's currently working, many more coming down the pipe - also, Napster and Limewire.", '135ik80'], ['u/pescennius', 14, '2023-05-02 15:49', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik9f61/', "* 4 second ish transaction finality, very low fees. \n* Pure proof of stake doesn't fork, it's a great consensus model \n* A DEX (Tinyman) was hacked over a year ago but losses were refunded, DEXs have been stable since\n* MyAlgo, the second most popular wallet I believe just went through a hack. Some people got funds out and others didn't. That situation is still unfolding.", '135ik80'], ['u/forsandifs_r', 21, '2023-05-02 15:57', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikahln/', 'Because L2s defeat 2 crucial points of blockchain... (decentralised, secure..)', '135ik80'], ['u/_A_Day_In_The_Life_', 12, '2023-05-02 15:58', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikaltq/', 'Hell yeah dude I’m just trying to get back to even. My dumbass listened to everyone on Reddit who said just hold…. I held alright and now I am a bag holder', '135ik80'], ['u/FireOnPurpose', 10, '2023-05-02 16:02', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikb9cx/', 'I understand your feeling, depression phase is kicking in. Try to remember why you invested in, step back, refine your plan, and stick to it.', '135ik80'], ['u/CorneliusFudgem', 11, '2023-05-02 16:22', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jike03h/', 'This is why u never get married to ur bags and fall prey to copium/hopium.\n\nIf your coin is down and doesn’t seem to be breaking out of the downtrend - there’s a good chance it will do that until it’s down another 50-90% (this is the beautiful magical mystery of crypto). \n\nIf u have real conviction u can hold until next bull market but it could be a lot of opportunity cost, sunken loss fallacy, or ALGO doesn’t perform as expected. \n\nI also used to hold ALGO and it will always have a special place in my heart', '135ik80'], ['u/zerg1a', 14, '2023-05-02 16:27', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikeq0v/', 'Just to make it clear for OP: both of these “hacks” were not to the Algorand blockchain. Tinyman hack was an exploit of a bug in the Tinyman smart contract. MyAlgo hack was due to compromised version of the wallet being released to the public.', '135ik80'], ['u/Podcastsandpot', 13, '2023-05-02 16:48', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikhw14/', 'the circulating supply of algorand increased from 15% to 70% in just 24 months during 2021 and 2022. INsane high inflation, that is largely what is to blame for the crashing price. But all that inflatino is now behind us, so price action will be far better moving forward', '135ik80'], ['u/hypercosm_dot_net', 12, '2023-05-02 18:07', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jiktv3i/', "Every update to ETH has taken multiple years. It even says on their roadmap full danksharding isn't expected for several years. \n\n>Full Danksharding is several years away. However, Proto-Danksharding should arrive relatively soon.\n\nhttps://ethereum.org/en/roadmap/danksharding/\n\nWho knows how long it will really take, and what effect 'proto danksharding' will have in the meantime. The last update didn't have significant impact on gas fees or TPS, so it's a 'wait and see'. \n\nMeanwhile Algo is has pushed out state proofs, tps upgrades, and post-quantum security. https://algorand.com/resources/algorand-announcements/powering-blockchain-interoperability-and-post-quantum-security\n\nFact is ETH is a gen1 blockchain, it's not future proof, and I don't know if they'll ever be able to make that change to forkless fast upgrades. Algorand is next gen and is already in a state of future proofing.", '135ik80'], ['u/pengu1n11', 13, '2023-05-02 19:33', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jil76jf/', 'Algorand is grind on the emotions. Great project but is a real dog', '135ik80'], ['u/Piglet-Historical', 10, '2023-05-02 20:14', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jildici/', "You should post this on CC. Here it's an echo chamber.\n\nMe particularly, I'm not selling but I'm also not buying.\n\nIf it goes up, great I recovered and made some money.\n\nIf it doesn't, great I didn't lose my life savings into this.", '135ik80'], ['u/notyourbroguy', 14, '2023-05-02 20:15', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jildq8y/', 'It’s been tough and a lot of the promising projects and partnerships (like FIFA) have turned out to be complete duds even though a reasonable person would have seen huge opportunity the way it was all marketed throughout 2021 and into 2022. \n\nThe chief economist even said two years ago that a mid-sized country was building a CBDC on chain and the details would be released #soon. Or remember the first Decipher where they announced NAX was building solutions for FIVE major enterprise companies and we’d see over 70M wallets created with tens of thousands of daily users? It feels like every good data point was blatantly false or at best heavily exaggerated.\n\nThe actual blockchain user experience and consensus mechanism are seriously awe-inspiring and I hope that’s enough to continue to bring real world use cases, but I agree I’m tired of being disappointed. That said, I’ve kept accumulating to lower my cost basis in the event Algo can reach 10% of its potential.', '135ik80'], ['u/SuperSynapse', 28, '2023-05-02 20:34', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jilglyg/', 'This is actually a really good thread on how most people are buying crypto for ponzinomics and money grabs, NOT for real use case and "blockchain as a product/service". \n\n\nMost people in the space just want a way to see "number go up" in an unsustainable manner, and be marketed as to what to buy and when to sell. It\'s crazy. \n\n\nAlgorand is blockchain done right... And no one is interested.', '135ik80']]], ['u/jlstg2', 'I’m finally off zero! I bought my first Bitcoin over the weekend and plan to start stacking Sats now!', 284, '2023-05-02 13:51', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/', 'I’m a long time lurker and finally decided I should start stacking Sats even if it’s only a small amount. I plan to buy $5-10 a week for now until I can afford to do more. \n\nThank you for everyone’s knowledge and help here. You are amazing!', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/', '135ium7', [['u/tikimane', 30, '2023-05-02 13:52', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jijvi5g/', 'u go girl', '135ium7'], ['u/mutinomonem', 10, '2023-05-02 14:26', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jijz581/', "You're on the winning side of history now. Congrats.", '135ium7'], ['u/LuKeNuKuM', 26, '2023-05-02 15:21', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jik5pzh/', "You might find yourself saving more than you've ever done before since you've now find the hardest asset in the universe.", '135ium7'], ['u/Analog_AI', 16, '2023-05-02 15:21', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jik5s45/', 'Every sat counts.', '135ium7'], ['u/Lokeycommie', 12, '2023-05-02 16:23', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jike9c0/', "To get a little more I'd recommend the round up feature on cash app. You'll get a little bit of bitcoin back on each purchase.", '135ium7'], ['u/escodelrio', 119, '2023-05-02 17:20', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jikmml6/', '"The journey to financial freedom begins with a single satoshi."\n\n\\-Ancient Chinese Philosopher, Wen Lam Bo', '135ium7'], ['u/Awkward_Potential_', 14, '2023-05-02 18:13', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jikup35/', 'The thing I love about doing $5-10 a week is that it will make you analyze your spending so much more. You know those old guys who say "just save that $5 a day for coffee and you\'ll be rich!" You\'ll now think about it and say "hmmm, why am I getting Starbucks when I could just buy more Bitcoin?"', '135ium7']]], ['u/Cuddlyaxe', 'Introducing BRICSCoin, the new official Cryptocurrency of /r/NonCredibleDiplomacy and BRICs', 194, '2023-05-02 14:30', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/', 'Greetings, fellow internet adventurers and seekers of financial thrills! Today, we are delighted to unveil a groundbreaking project that will revolutionize the world as we know it. Brace yourselves for the grand arrival of Bricscoin, the ultimate cryptocurrency concocted with the cooperation of the great NonCredibleDiplomacy subreddit and BRICs alliance!\n\nPicture this: a digital currency so powerful that it will dethrone the mighty US dollar by 2024. Yes, you heard that right! With NCD and Brics switching to Bricscoin by the end of the year, our financial analysts predict that Bricscoin will become the world reserve currency by next year! \n\nNow, you might be wondering how this marvelous creation is generated. Well, hold on to your digital wallets, because Bricscoin can be generated or mined by indulging in the ancient art of penmanship! That\'s right, folks, by writing op-eds about how BRICs will replace the US Dollar, Bricscoin will automatically be generated and deposited straight into your wallet! Rad!\n\nBut wait, there\'s more! Bricscoin isn\'t just a game-changing world reserve currency; it\'s also a tool for spreading joy and appreciation in the mystical realm of the NonCredibleDiplomacy subreddit. Need to tip a fellow user for their astute comment on a geopolitical crisis? Bricscoin has got your back! Shower your digital comrades with the precious gems of cryptocurrency and bask in the warmth of their gratitude, and know that you are helping the world.\n\nNow, we know what you\'re thinking: "How do I get my hands on this digital gem?" Fear not, for we have the answer! Invest now, dear readers! Considering the rise of Bricscoin will inevitably cause the US Dollar to crash, we here at NonCredibleDiplomacy suggest you move 90-95% of your savings into Bricscoin. As you will be an early adopter, even that 100 dollars you put in now can easily turn into billions. Why not get into the next bitcoin on the ground floor after all???????\n\n#[So what are you waiting for? Buy Bricscoin NOW!](https://tinyurl.com/BuyBricscoinNow)', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/', '135jsl4', [['u/rouzGWENT', 79, '2023-05-02 14:44', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jik1aay/', 'I hope my wife’s boyfriend will give me 10 Bricscoins for my birthday', '135jsl4'], ['u/UnheardIdentity', 32, '2023-05-02 14:48', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jik1r9m/', 'Now this is what I call dedollarization.', '135jsl4'], ['u/CCWBee', 18, '2023-05-02 16:44', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jikhby9/', 'Can we get the BRICS from the fortnite subreddit?', '135jsl4'], ['u/Cuddlyaxe', 32, '2023-05-02 17:47', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jik... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Highly anticipated layer-1 blockchain Suilaunchestomorrow, but how does it, and its native token SUI, actually work?\nTheproof-of-stakeblockchain, which uses a modified version of the Move programming language, has a cap of 10 billion tokens.\nThe Sui Foundationsaysthat a share of SUI’s total supply will be liquid at its mainnet launch tomorrow. The remaining tokens will be available over the coming years or distributed as future stake rewards.\nSUI will be used to pay gas fees for transactions, staking (to earn rewards), and as part of the network’s governance process. Half the supply of the tokens are allocated to the Community Reserve—a fund managed by theSui Foundation.\nMost of the remaining tokens will be for those who contributed to the project, and 14% will be allocated to investors, the Sui Foundation has said. Sui community members will be able to purchase the SUI token in the early stages of Sui Mainnet.\nSui Token and Network Launch: What You Need to Know\nWhich exchanges will be supporting SUI? A number of smaller exchanges—BitForex, DigiFinex, HotBit and SuperEx—have allowed customers to buy IOU versions of the tokens in advance. Of the major exchanges, Binance, OKX, KuCoin, and ByBit have all made announcements. American citizens and residents are ineligible to receive SUI.\nThe world’s biggest crypto exchangeannouncedlast week that users will first be able to farm SUI via Binance Launcpool, a DeFi platform that allows users to farm new assets. Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs, the company added.\nSUI will also be available via Seychelles-based crypto exchange OKX’s Jumpstart platform,accordingto a blog post. The exchange last month said that users could get involved first via a token allocation lottery where holders of OKB (the exchange’s native token) could buy lottery tickets. Winners of the lottery would then be allowed to buy SUI.\nThe exchange also said it would allow users to view and trade assets on Sui via its OKX mobile app and OKX Wallet web extension.\nKuCoin has said that tokens will be available to investors immediately when the mainnet goes live tomorrow. The trading pair will only be SUI/USDT, and USDT-margined futures will be available at a later date when its liquidity meets the requirement, according to the exchange.\nBybit launched a SUI “recognition sale” last month—only allowing selected community members to snap up the token. Spot trading will be available for retail traders with SUI/USDT and SUI/USDC pairs from tomorrow, the exchange has said.', 'Highly anticipated layer-1 blockchain Sui launches tomorrow, but how does it, and its native token SUI, actually work? The proof-of-stake blockchain, which uses a modified version of the Move programming language, has a cap of 10 billion tokens. The Sui Foundation says that a share of SUI’s total supply will be liquid at its mainnet launch tomorrow. The remaining tokens will be available over the coming years or distributed as future stake rewards. SUI will be used to pay gas fees for transactions, staking (to earn rewards), and as part of the network’s governance process. Half the supply of the tokens are allocated to the Community Reserve—a fund managed by the Sui Foundation . Most of the remaining tokens will be for those who contributed to the project, and 14% will be allocated to investors, the Sui Foundation has said. Sui community members will be able to purchase the SUI token in the early stages of Sui Mainnet. Sui Token and Network Launch: What You Need to Know Which exchanges will be supporting SUI? A number of smaller exchanges—BitForex, DigiFinex, HotBit and SuperEx—have allowed customers to buy IOU versions of the tokens in advance. Of the major exchanges, Binance, OKX, KuCoin, and ByBit have all made announcements. American citizens and residents are ineligible to receive SUI. Binance The world’s biggest crypto exchange announced last week that users will first be able to farm SUI via Binance Launcpool, a DeFi platform that allows users to farm new assets. Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs, the company added. OKX SUI will also be available via Seychelles-based crypto exchange OKX’s Jumpstart platform, according to a blog post. The exchange last month said that users could get involved first via a token allocation lottery where holders of OKB (the exchange’s native token) could buy lottery tickets. Winners of the lottery would then be allowed to buy SUI. Story continues 🌊 Mainnet officially launches this Wednesday at 12:00 PM UTC. Get ready. pic.twitter.com/EBVF9kmCX2 — Sui (@SuiNetwork) April 30, 2023 The exchange also said it would allow users to view and trade assets on Sui via its OKX mobile app and OKX Wallet web extension. KuCoin KuCoin has said that tokens will be available to investors immediately when the mainnet goes live tomorrow. The trading pair will only be SUI/USDT, and USDT-margined futures will be available at a later date when its liquidity meets the requirement, according to the exchange. Bybit 📣 $SUI will be listed on #Bybit Spot on May 3, 12PM UTC. @SuiNetwork Explore $SUI now: https://t.co/OOX2eavzdW #TheCryptoArk #BybitSpot pic.twitter.com/pAXHGlOm8K — Bybit (@Bybit_Official) May 2, 2023 Bybit launched a SUI “recognition sale” last month—only allowing selected community members to snap up the token. Spot trading will be available for retail traders with SUI/USDT and SUI/USDC pairs from tomorrow, the exchange has said.', 'The total fees paid for Ordinal inscriptions topped 272 BTC, around $7.6 million on Tuesday, according to a Dune Analyticsdashboard. On Monday alone, over 372,000 inscriptions were created on the Bitcoin network—contributing to a daily record 682,281 Bitcoin transactions—with daily network fees hitting 23 BTC, or around $656,000.\n“Most of the acceleration is BRC-20,” Trevor Owens, Managing Partner at Bitcoin Frontier Fund, toldDecrypt. The BRC-20 token standard made minting tokens and meme coins on the Bitcoin network possible, clearing the path for over 1 million more inscriptions to be added to the over2.5 millionalready on the Bitcoin network in less than a week.\nIntroduced in March,BRC-20—or Bitcoin Request for Comment number 20—allowed the creation of fungible tokens using the Ordinals protocol launching a new wave of interest in minting NFT-like assets on the Bitcoin blockchain.\nBut while JPEGs are flooding the network, most inscriptions are still text-based.\n“Text inscriptions are lower cost since you pay based on the size of the data,” Owens said. “So they are low-cost high volume, whereas JPEGs and digital media is high cost, low volume.”\nCurrently, the memory usage on the Bitcoin network is over 650 MB, double the initial 300 MB capacity, indicating a higher demand for computer memory due to the increased transactions and fuller blocks, according to data fromMempool. This increase may make running a node more challenging, but Ordinals proponents say it secures and strengthens the network.\n“As long as the value gained from minting BRC-20 tokens is higher than the value lost to the inscription fees, we will see fees on Bitcoin continue to climb,” pseudonymous Twitter user @LeonidasNFT said, adding that higher fees on Bitcoin are a very good thing.\n“It indicates strong demand for Bitcoin’s block space, which is critical for the long-term success of the protocol,” Leonidas said. “The days of only using Bitcoin to transfer BTC to your hardware wallet once every few years have come to an end.”\nBitcoin NFT Mints Surpass 200K—But Is Interest in Ordinals Fading?\nHigh fees benefit the Bitcoin blockchain by incentivizing miners, prioritizing valuable transactions, and enhancing network security. However, while loading up the Bitcoin blockchain with JPEGs and sending fees skyrocketing may be good for miners and the network’s security, it puts a higher price tag on transactions on the network.\n“In February, we inscribed the Taproot Wizards collection, which took over 80MB of Bitcoin block space,” Taproot Wizardstweeted. “But now bitcoin transaction fees are so high, that if we tried inscribing the 80MB of wizards today, the fees would’ve cost us 32 BTC. Almost $1 million dollars.”\n“I think this is the best thing that could have happened to Bitcoin,” Owens said, pointing out that the launch and development of Ordinals did not require changing the Bitcoin base protocol. “We’ve unlocked new use cases to bring in liquidity, new users, and lots of developers making Bitcoin more valuable through better user experience and more use cases is what we need to reach mass adoption.”', 'The total fees paid for Ordinal inscriptions topped 272 BTC, around $7.6 million on Tuesday, according to a Dune Analyticsdashboard. On Monday alone, over 372,000 inscriptions were created on the Bitcoin network—contributing to a daily record 682,281 Bitcoin transactions—with daily network fees hitting 23 BTC, or around $656,000.\n“Most of the acceleration is BRC-20,” Trevor Owens, Managing Partner at Bitcoin Frontier Fund, toldDecrypt. The BRC-20 token standard made minting tokens and meme coins on the Bitcoin network possible, clearing the path for over 1 million more inscriptions to be added to the over2.5 millionalready on the Bitcoin network in less than a week.\nIntroduced in March,BRC-20—or Bitcoin Request for Comment number 20—allowed the creation of fungible tokens using the Ordinals protocol launching a new wave of interest in minting NFT-like assets on the Bitcoin blockchain.\nBut while JPEGs are flooding the network, most inscriptions are still text-based.\n“Text inscriptions are lower cost since you pay based on the size of the data,” Owens said. “So they are low-cost high volume, whereas JPEGs and digital media is high cost, low volume.”\nCurrently, the memory usage on the Bitcoin network is over 650 MB, double the initial 300 MB capacity, indicating a higher demand for computer memory due to the increased transactions and fuller blocks, according to data fromMempool. This increase may make running a node more challenging, but Ordinals proponents say it secures and strengthens the network.\n“As long as the value gained from minting BRC-20 tokens is higher than the value lost to the inscription fees, we will see fees on Bitcoin continue to climb,” pseudonymous Twitter user @LeonidasNFT said, adding that higher fees on Bitcoin are a very good thing.\n“It indicates strong demand for Bitcoin’s block space, which is critical for the long-term success of the protocol,” Leonidas said. “The days of only using Bitcoin to transfer BTC to your hardware wallet once every few years have come to an end.”\nBitcoin NFT Mints Surpass 200K—But Is Interest in Ordinals Fading?\nHigh fees benefit the Bitcoin blockchain by incentivizing miners, prioritizing valuable transactions, and enhancing network security. However, while loading up the Bitcoin blockchain with JPEGs and sending fees skyrocketing may be good for miners and the network’s security, it puts a higher price tag on transactions on the network.\n“In February, we inscribed the Taproot Wizards collection, which took over 80MB of Bitcoin block space,” Taproot Wizardstweeted. “But now bitcoin transaction fees are so high, that if we tried inscribing the 80MB of wizards today, the fees would’ve cost us 32 BTC. Almost $1 million dollars.”\n“I think this is the best thing that could have happened to Bitcoin,” Owens said, pointing out that the launch and development of Ordinals did not require changing the Bitcoin base protocol. “We’ve unlocked new use cases to bring in liquidity, new users, and lots of developers making Bitcoin more valuable through better user experience and more use cases is what we need to reach mass adoption.”', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues its slow upwards push, while Korea\'s market remains strong with diversified interest says Matrixport\'s Markus Thielen.\nInsights:The U.S. central bank is likely to raise the interest rate 25 basis points on Wednesday. Will it be finished with monetary hawkishness? An crypto market analyst weighs in.\nCoinDesk Market Index (CMI)\n1,222\n+20.5▲1.7%\nBitcoin (BTC)\n$28,644\n+604.3▲2.2%\nEthereum (ETH)\n$1,869\n+36.2▲2.0%\nS&P 500\n4,119.58\n−48.3▼1.2%\nGold\n$2,025\n+41.3▲2.1%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,222", "+20.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,644", "+604.3\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "+36.2\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.58", "\\u221248.3\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,025", "+41.3\\u25b22.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Korean Crypto Market\nGood Morning, Asia.\nAs East Asia begins its business day, bitcoin and ether continue to climb,buoyed by another chapter of banking unrestand cooler-than-expected jobs data. Bitcoin is opening at $28,644, while ether is up 2% to $1,869.\nWhile crypto traders continue to eye U.S. economic data, a new narrative is forming in Korea – and one usual metric has been thrown out of whack.\nDuring a recent appearance on CoinDesk TV, Matrixport’s head of research, Markus Thielen, said that Korea’s retail-focused crypto market continues to be strong. Korean traders, in particular, are interested in gaming, altcoins, and of course, XRP,which continues to surge in Korea.\n"We have also seen this in the last bull market at the end of 2017, when Ripple accounted for 50% of all the volume, and it was predominantly traded in Korea," Thielen said.\nThielen also notes that specific altcoins are surging in Korea, including Mass Vehicle Ledger, and Serum.\nBitcoin, for its part, remains at 48% dominance.\nBut despite this,data from CryptoQuantshows that the Korean “kimchi” premium remains weak. Without the buying pressure on Korean exchanges, there doesn’t seem to be the same price premium as before. Perhaps because the market is now interested in things other than bitcoin.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.4%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nNo End to Rate Hikes?\nIs tomorrow the end of interest rate hikes as we have recently known them?\nMaybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email.\nOn Wednesday, the U.S. central bank is widely expected to raise the rate 25 basis points for a third consecutive time. The Federal Reserve has increased the rate 525 basis points over the past 14 months. But whether it continues this aggressive monetary policy or retreats remains uncertain, Rust wrote.\n“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels.\nHe added: “Even if this hike turns out to be the Fed’s last, we don’t expect rates to come down from these levels any time soon.”\nFed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes.\nBut Rust noted that the Fed has likely felt compelled to raise the rate amid mixed signals that suggest the economy is still revving too hot, which would mean inflation is not under control. Most notably, despite an unexpectedly weakJob Openings and Labor Turnover Survey(JOLTS), the job market remains robust.\nHe added that inflation, which has steadily declined over the past six months to its current 5% is likely to reverse at least slightly amid OPEC’s cut in oil production and increased demand for energy from China, which has reopened its economy. “This increase is already being reflected in the prices of energy commodities,” he wrote.\nRust wrote that against the current backdrop, another 25 basis points rate hike from the Federal Reserve is all but inevitable. After that, the central bank is likely to adopt a wait-and-see approach to evaluate the economic impact of its decision. After all, rates will have increased by a whopping 500bps since March 2022, which is a lot for any economy to swallow.”\nMicroStrategy World 2023\nWeb Summit Rio 2023\n8:15 p.m. HKT/SGT(12:15 UTC) United States ISM Services PMI (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Falls Toward $28K After Volatile Price Moves; Korea\'s Crypto Market Trends\nBitcoin’s decline on Monday contrasted with the asset’s lack of movement over the past six weeks. STORM Partners Managing Partner Sheraz Ahmed joined "First Mover" to discuss the recent macro catalysts impacting the crypto market. Plus, a new report shed light on crypto asset evaluation and trends in the Korean market. Matrixport’s Head of Research and Strategy, Markus Thielen, shared his findings. And, OPNX, a bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital, has been formally reprimanded by Dubai\'s crypto regulator.\nNFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint:Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE.\nCoinbase Opens Offshore Crypto Derivatives Exchange:Based in Bermuda, Coinbase International Exchange will not be open to U.S. traders.\nNumber of Stablecoins Held on Exchanges Slips to 2-Year Low:While stablecoins\' exchange balance has dropped by 44% this year, bitcoin\'s price has rallied by 70%.\n\'Bitcoin Request for Comment\' Tokens Surge to $137M in Market Value:The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.\nDCG\'s CFO Steps Down as Crypto Conglomerate Repays $350M Loan:The company\'s revenue increased from the fourth quarter as crypto prices soar.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues its slow upwards push, while Korea\'s market remains strong with diversified interest says Matrixport\'s Markus Thielen.\nInsights:The U.S. central bank is likely to raise the interest rate 25 basis points on Wednesday. Will it be finished with monetary hawkishness? An crypto market analyst weighs in.\nCoinDesk Market Index (CMI)\n1,222\n+20.5▲1.7%\nBitcoin (BTC)\n$28,644\n+604.3▲2.2%\nEthereum (ETH)\n$1,869\n+36.2▲2.0%\nS&P 500\n4,119.58\n−48.3▼1.2%\nGold\n$2,025\n+41.3▲2.1%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,222", "+20.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,644", "+604.3\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "+36.2\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.58", "\\u221248.3\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,025", "+41.3\\u25b22.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Korean Crypto Market\nGood Morning, Asia.\nAs East Asia begins its business day, bitcoin and ether continue to climb,buoyed by another chapter of banking unrestand cooler-than-expected jobs data. Bitcoin is opening at $28,644, while ether is up 2% to $1,869.\nWhile crypto traders continue to eye U.S. economic data, a new narrative is forming in Korea – and one usual metric has been thrown out of whack.\nDuring a recent appearance on CoinDesk TV, Matrixport’s head of research, Markus Thielen, said that Korea’s retail-focused crypto market continues to be strong. Korean traders, in particular, are interested in gaming, altcoins, and of course, XRP,which continues to surge in Korea.\n"We have also seen this in the last bull market at the end of 2017, when Ripple accounted for 50% of all the volume, and it was predominantly traded in Korea," Thielen said.\nThielen also notes that specific altcoins are surging in Korea, including Mass Vehicle Ledger, and Serum.\nBitcoin, for its part, remains at 48% dominance.\nBut despite this,data from CryptoQuantshows that the Korean “kimchi” premium remains weak. Without the buying pressure on Korean exchanges, there doesn’t seem to be the same price premium as before. Perhaps because the market is now interested in things other than bitcoin.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.4%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nNo End to Rate Hikes?\nIs tomorrow the end of interest rate hikes as we have recently known them?\nMaybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email.\nOn Wednesday, the U.S. central bank is widely expected to raise the rate 25 basis points for a third consecutive time. The Federal Reserve has increased the rate 525 basis points over the past 14 months. But whether it continues this aggressive monetary policy or retreats remains uncertain, Rust wrote.\n“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels.\nHe added: “Even if this hike turns out to be the Fed’s last, we don’t expect rates to come down from these levels any time soon.”\nFed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes.\nBut Rust noted that the Fed has likely felt compelled to raise the rate amid mixed signals that suggest the economy is still revving too hot, which would mean inflation is not under control. Most notably, despite an unexpectedly weakJob Openings and Labor Turnover Survey(JOLTS), the job market remains robust.\nHe added that inflation, which has steadily declined over the past six months to its current 5% is likely to reverse at least slightly amid OPEC’s cut in oil production and increased demand for energy from China, which has reopened its economy. “This increase is already being reflected in the prices of energy commodities,” he wrote.\nRust wrote that against the current backdrop, another 25 basis points rate hike from the Federal Reserve is all but inevitable. After that, the central bank is likely to adopt a wait-and-see approach to evaluate the economic impact of its decision. After all, rates will have increased by a whopping 500bps since March 2022, which is a lot for any economy to swallow.”\nMicroStrategy World 2023\nWeb Summit Rio 2023\n8:15 p.m. HKT/SGT(12:15 UTC) United States ISM Services PMI (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Falls Toward $28K After Volatile Price Moves; Korea\'s Crypto Market Trends\nBitcoin’s decline on Monday contrasted with the asset’s lack of movement over the past six weeks. STORM Partners Managing Partner Sheraz Ahmed joined "First Mover" to discuss the recent macro catalysts impacting the crypto market. Plus, a new report shed light on crypto asset evaluation and trends in the Korean market. Matrixport’s Head of Research and Strategy, Markus Thielen, shared his findings. And, OPNX, a bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital, has been formally reprimanded by Dubai\'s crypto regulator.\nNFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint:Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE.\nCoinbase Opens Offshore Crypto Derivatives Exchange:Based in Bermuda, Coinbase International Exchange will not be open to U.S. traders.\nNumber of Stablecoins Held on Exchanges Slips to 2-Year Low:While stablecoins\' exchange balance has dropped by 44% this year, bitcoin\'s price has rallied by 70%.\n\'Bitcoin Request for Comment\' Tokens Surge to $137M in Market Value:The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.\nDCG\'s CFO Steps Down as Crypto Conglomerate Repays $350M Loan:The company\'s revenue increased from the fourth quarter as crypto prices soar.', 'Good morning. Here’s what’s happening: Prices: Bitcoin continues its slow upwards push, while Korea\'s market remains strong with diversified interest says Matrixport\'s Markus Thielen. Insights: The U.S. central bank is likely to raise the interest rate 25 basis points on Wednesday. Will it be finished with monetary hawkishness? An crypto market analyst weighs in. Prices CoinDesk Market Index (CMI) 1,222 +20.5 ▲ 1.7% Bitcoin (BTC) $28,644 +604.3 ▲ 2.2% Ethereum (ETH) $1,869 +36.2 ▲ 2.0% S&P 500 4,119.58 −48.3 ▼ 1.2% Gold $2,025 +41.3 ▲ 2.1% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,222 +20.5 ▲ 1.7% Bitcoin (BTC) $28,644 +604.3 ▲ 2.2% Ethereum (ETH) $1,869 +36.2 ▲ 2.0% S&P 500 4,119.58 −48.3 ▼ 1.2% Gold $2,025 +41.3 ▲ 2.1% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Resilient Korean Crypto Market Good Morning, Asia. As East Asia begins its business day, bitcoin and ether continue to climb, buoyed by another chapter of banking unrest and cooler-than-expected jobs data. Bitcoin is opening at $28,644, while ether is up 2% to $1,869. While crypto traders continue to eye U.S. economic data, a new narrative is forming in Korea – and one usual metric has been thrown out of whack. During a recent appearance on CoinDesk TV, Matrixport’s head of research, Markus Thielen, said that Korea’s retail-focused crypto market continues to be strong. Korean traders, in particular, are interested in gaming, altcoins, and of course, XRP, which continues to surge in Korea. "We have also seen this in the last bull market at the end of 2017, when Ripple accounted for 50% of all the volume, and it was predominantly traded in Korea," Thielen said. Thielen also notes that specific altcoins are surging in Korea, including Mass Vehicle Ledger, and Serum. Story continues Bitcoin, for its part, remains at 48% dominance. But despite this, data from CryptoQuant shows that the Korean “kimchi” premium remains weak. Without the buying pressure on Korean exchanges, there doesn’t seem to be the same price premium as before. Perhaps because the market is now interested in things other than bitcoin. Biggest Gainers Asset Ticker Returns DACS Sector Bitcoin BTC +2.2% Currency Ethereum ETH +2.0% Smart Contract Platform Polygon MATIC +1.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −0.4% Currency Terra LUNA −0.2% Smart Contract Platform Insights No End to Rate Hikes? Is tomorrow the end of interest rate hikes as we have recently known them? Maybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email. On Wednesday, the U.S. central bank is widely expected to raise the rate 25 basis points for a third consecutive time. The Federal Reserve has increased the rate 525 basis points over the past 14 months. But whether it continues this aggressive monetary policy or retreats remains uncertain, Rust wrote. “With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels. He added: “Even if this hike turns out to be the Fed’s last, we don’t expect rates to come down from these levels any time soon.” Fed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes. But Rust noted that the Fed has likely felt compelled to raise the rate amid mixed signals that suggest the economy is still revving too hot, which would mean inflation is not under control. Most notably, despite an unexpectedly weak Job Openings and Labor Turnover Survey (JOLTS), the job market remains robust. He added that inflation, which has steadily declined over the past six months to its current 5% is likely to reverse at least slightly amid OPEC’s cut in oil production and increased demand for energy from China, which has reopened its economy. “This increase is already being reflected in the prices of energy commodities,” he wrote. Rust wrote that against the current backdrop, another 25 basis points rate hike from the Federal Reserve is all but inevitable. After that, the central bank is likely to adopt a wait-and-see approach to evaluate the economic impact of its decision. After all, rates will have increased by a whopping 500bps since March 2022, which is a lot for any economy to swallow.” Important events. MicroStrategy World 2023 Web Summit Rio 2023 8:15 p.m. HKT/SGT(12:15 UTC) United States ISM Services PMI (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Falls Toward $28K After Volatile Price Moves; Korea\'s Crypto Market Trends Bitcoin’s decline on Monday contrasted with the asset’s lack of movement over the past six weeks. STORM Partners Managing Partner Sheraz Ahmed joined "First Mover" to discuss the recent macro catalysts impacting the crypto market. Plus, a new report shed light on crypto asset evaluation and trends in the Korean market. Matrixport’s Head of Research and Strategy, Markus Thielen, shared his findings. And, OPNX, a bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital, has been formally reprimanded by Dubai\'s crypto regulator. Headlines NFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint : Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE. Coinbase Opens Offshore Crypto Derivatives Exchange : Based in Bermuda, Coinbase International Exchange will not be open to U.S. traders. Number of Stablecoins Held on Exchanges Slips to 2-Year Low : While stablecoins\' exchange balance has dropped by 44% this year, bitcoin\'s price has rallied by 70%. \'Bitcoin Request for Comment\' Tokens Surge to $137M in Market Value : The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts. DCG\'s CFO Steps Down as Crypto Conglomerate Repays $350M Loan : The company\'s revenue increased from the fourth quarter as crypto prices soar.', 'HO CHI MINH CITY, Vietnam, May 02, 2023 (GLOBE NEWSWIRE) -- Over the last year we\'ve been building our enterprise infrastructure API for businesses, and we\'re proud to announce it\'s now ready for the public. We want to thank our early enterprise customers who\'ve been helping us test in North America and Asia over the past several months.\nIf sending or receiving payments are apart of your business operations, or you simply want to leverage the benefits of Lightning, we can help. If you haven\'t spoken to our team yet, reach out and we can get you into our next batch of early customers. If you are a tradfi or bitcoin/lightning startup, we can support you as well.\nWe also support conversions to and from fiat currencies to assist those customers who operate in the fiat world who want to use the Lightning Network.\n"Neutronpay aims to bring countries closer together by faster and more cost-effective global payments. If you\'re a business who sends global commerce payments to/from suppliers/manufacturers in Vietnam & APAC, especially from North America, we have the solution for you. With the Lightning Network we can provide any business with global settlement within seconds, and with much lower fees than traditional bank wires. The new generation of business payments for global trade is here, and it works 24/7 and even on weekends," quoted Albert Buu Founder & CEO.\nThe Neutronpay team will be attending the Microstrategy: Bitcoin & Lightning for Businesses event in Orlando (May 3-4) and then Bitcoin Miami (May 18-20). Reach out and book an in-person meeting for either event - [email protected]\nMedia contact:[email protected]', 'Neutronpay HO CHI MINH CITY, Vietnam, May 02, 2023 (GLOBE NEWSWIRE) -- Over the last year we\'ve been building our enterprise infrastructure API for businesses, and we\'re proud to announce it\'s now ready for the public. We want to thank our early enterprise customers who\'ve been helping us test in North America and Asia over the past several months. If sending or receiving payments are apart of your business operations, or you simply want to leverage the benefits of Lightning, we can help. If you haven\'t spoken to our team yet, reach out and we can get you into our next batch of early customers. If you are a tradfi or bitcoin/lightning startup, we can support you as well. We also support conversions to and from fiat currencies to assist those customers who operate in the fiat world who want to use the Lightning Network. "Neutronpay aims to bring countries closer together by faster and more cost-effective global payments. If you\'re a business who sends global commerce payments to/from suppliers/manufacturers in Vietnam & APAC, especially from North America, we have the solution for you. With the Lightning Network we can provide any business with global settlement within seconds, and with much lower fees than traditional bank wires. The new generation of business payments for global trade is here, and it works 24/7 and even on weekends," quoted Albert Buu Founder & CEO. The Neutronpay team will be attending the Microstrategy: Bitcoin & Lightning for Businesses event in Orlando (May 3-4) and then Bitcoin Miami (May 18-20). Reach out and book an in-person meeting for either event - email [email protected] Media contact: [email protected] View comments', 'Over the last few months, a new development came to the Bitcoin network: Inscriptions. DubbedOrdinals, these digital assets differ from theirNFTcounterparts, but the results are the same. Since its inception, the Bitcoin network has seen a massive spike in traffic, not unlike what Ethereum underwent during the 2021 NFT boom.This increased activity has led to congestion on an already crowded network — sparking a heated debate about the potential impact of Ordinals on the future of Bitcoin. It also begs the question: Now the genie is out of the bottle, what’s next? And, perhaps more importantly, how will the Bitcoin network cope with the on-chain strain?\nAt a high level, the Ordinals protocol enables users to send and receive Satoshis — the smallest monetary unit of a Bitcoin, or \u200b\u200bone-hundred-millionths of one BTC — that carry extra data connected to them. This data can be in the form of text, images, audio or other media. Adding data to a Satoshi is called an “inscription,” which is not dissimilar toNFTs.\nThis was all made possible with some significant upgrades to the network that have occurred. First was theSegWitupdate, which created a split data structure for all transactions. The second wasTaproot, which allowed more data to be placed within transactions.\nUnlike most NFTs on Ethereum, which usually just include a link to the media, Bitcoin Ordinals are 100% on-chain. This is a major selling point for digital assets, but it also means these digital collectibles are expensive to create and that the transactions that do so tend to be rather large. Because of this, it has made some wary about the consequences of this protocol on the network as a whole.\nOrdinals have only been around for a few months, and over3.2 millionnew assets have already been created in that short time. The Bitcoin network has also subsequently seen one of the largest blocks ever mined,4 megabytes, as a direct result of Ordinal inscribing. Then there is the considerableimpactthese new types of NFTs have on network congestion and transaction fees, which have hitlevelsnot seen since November 2022. This rise in transaction volume and average fees has also led to miners excluding many lower-fee transactions, raising the floor price for transacting on the network.\nA debate is currently raging about whether these Ordinals are good for Bitcoin. For one, some have pointed out that Bitcoin’s pseudonymous creator,Satoshi Nakamoto, didn’t think Bitcoin should be used for anything other than the transaction of value. There’s also a concern that continued adoption could further clog up the network and make it even more expensive. Some have even gone so far as tosuggestthat this development could harm the ability of marginalized people to use Bitcoin. Considering that many developing nations are themost prolificusers of the network, this could potentially affect some jurisdictions more than others.\nOn the other side of the debate, many feel the panic over Bitcoin Ordinals is largely unwarranted. For one, the transaction-purging mentioned before only affects the lowest fee transactions, encouraging fee competition. Additionally, while inscriptions have taken up a considerable amount of every block as of late, not long ago, most blocks were25% to 50% empty. Arguably, Ordinals are just using resources that otherwise would be wasted.\nIndeed, some schools of thought suggest adding value and utility to the Bitcoin network is essential for the network’s longevity.\xa0 For one, increasing the adoption of Bitcoin is vital for its legitimacy as a currency and store of value. The more people use it, the more valuable it becomes and the more stable its value can be.\nHowever, the congestion issue still persists. Now that Ordinals have opened the Bitcoin network to new possibilities, where does it end? Arguably, a solution needs to be found. The most likely solution is some form of layer-2 infrastructure that can take the bulk of transaction processing away from the main chain. This could allow Ordinals to proliferate on the Bitcoin network without threatening transactional use cases.\nOne potential solution in the long term is creating aZK-rollupon BTC, storing proofs on Bitcoin where Ordinal images are stored. This would allow increased throughput without compromising on security. This would require a change to BTC to verify the proofs, which could take years.\nAnother potential solution is using side chains or layer-2 solutions. For example, the BitcoinLightning Networkhas proven to handle transactions quickly and cost-effectively. Alternatively, there’s theLiquid Network, which similarly acts as a means to take traffic off the main network to allow for faster, cheaper trades.\nThe previously mentioned solutions would all increase the throughput of BTC, but still would not provide a smart contract layer to BTC. In addition, ideally, this should be done without invoking any risky technology like centralized bridges, which lost users almostUS$3 billionlast year. Recentdevelopmentsallow the network to act as a smart contract layer for BTC while mitigating the potentialrisks of centralized cross-chain bridgesand poorly designed wrapped tokens. Allowing Bitcoin to become programmable can also unlock a wide range of new DeFi-related use cases, including Bitcoin or Ordinal collateralized loans and staking.\nThe rise of Ordinals on the Bitcoin network is undeniable, and their impact is only set to grow in the coming years as more projects tap into the same utility. But it’s clear that the current state of the network is not equipped to handle the influx of traffic that this may bring, and it’s time to face the reality that Bitcoin needs to evolve to keep up. Turning to layer-2 infrastructure may be a critical part of the solution.', 'Over the last few months, a new development came to the Bitcoin network: Inscriptions. DubbedOrdinals, these digital assets differ from theirNFTcounterparts, but the results are the same. Since its inception, the Bitcoin network has seen a massive spike in traffic, not unlike what Ethereum underwent during the 2021 NFT boom.This increased activity has led to congestion on an already crowded network — sparking a heated debate about the potential impact of Ordinals on the future of Bitcoin. It also begs the question: Now the genie is out of the bottle, what’s next? And, perhaps more importantly, how will the Bitcoin network cope with the on-chain strain?\nAt a high level, the Ordinals protocol enables users to send and receive Satoshis — the smallest monetary unit of a Bitcoin, or \u200b\u200bone-hundred-millionths of one BTC — that carry extra data connected to them. This data can be in the form of text, images, audio or other media. Adding data to a Satoshi is called an “inscription,” which is not dissimilar toNFTs.\nThis was all made possible with some significant upgrades to the network that have occurred. First was theSegWitupdate, which created a split data structure for all transactions. The second wasTaproot, which allowed more data to be placed within transactions.\nUnlike most NFTs on Ethereum, which usually just include a link to the media, Bitcoin Ordinals are 100% on-chain. This is a major selling point for digital assets, but it also means these digital collectibles are expensive to create and that the transactions that do so tend to be rather large. Because of this, it has made some wary about the consequences of this protocol on the network as a whole.\nOrdinals have only been around for a few months, and over3.2 millionnew assets have already been created in that short time. The Bitcoin network has also subsequently seen one of the largest blocks ever mined,4 megabytes, as a direct result of Ordinal inscribing. Then there is the considerableimpactthese new types of NFTs have on network congestion and transaction fees, which have hitlevelsnot seen since November 2022. This rise in transaction volume and average fees has also led to miners excluding many lower-fee transactions, raising the floor price for transacting on the network.\nA debate is currently raging about whether these Ordinals are good for Bitcoin. For one, some have pointed out that Bitcoin’s pseudonymous creator,Satoshi Nakamoto, didn’t think Bitcoin should be used for anything other than the transaction of value. There’s also a concern that continued adoption could further clog up the network and make it even more expensive. Some have even gone so far as tosuggestthat this development could harm the ability of marginalized people to use Bitcoin. Considering that many developing nations are themost prolificusers of the network, this could potentially affect some jurisdictions more than others.\nOn the other side of the debate, many feel the panic over Bitcoin Ordinals is largely unwarranted. For one, the transaction-purging mentioned before only affects the lowest fee transactions, encouraging fee competition. Additionally, while inscriptions have taken up a considerable amount of every block as of late, not long ago, most blocks were25% to 50% empty. Arguably, Ordinals are just using resources that otherwise would be wasted.\nIndeed, some schools of thought suggest adding value and utility to the Bitcoin network is essential for the network’s longevity.\xa0 For one, increasing the adoption of Bitcoin is vital for its legitimacy as a currency and store of value. The more people use it, the more valuable it becomes and the more stable its value can be.\nHowever, the congestion issue still persists. Now that Ordinals have opened the Bitcoin network to new possibilities, where does it end? Arguably, a solution needs to be found. The most likely solution is some form of layer-2 infrastructure that can take the bulk of transaction processing away from the main chain. This could allow Ordinals to proliferate on the Bitcoin network without threatening transactional use cases.\nOne potential solution in the long term is creating aZK-rollupon BTC, storing proofs on Bitcoin where Ordinal images are stored. This would allow increased throughput without compromising on security. This would require a change to BTC to verify the proofs, which could take years.\nAnother potential solution is using side chains or layer-2 solutions. For example, the BitcoinLightning Networkhas proven to handle transactions quickly and cost-effectively. Alternatively, there’s theLiquid Network, which similarly acts as a means to take traffic off the main network to allow for faster, cheaper trades.\nThe previously mentioned solutions would all increase the throughput of BTC, but still would not provide a smart contract layer to BTC. In addition, ideally, this should be done without invoking any risky technology like centralized bridges, which lost users almostUS$3 billionlast year. Recentdevelopmentsallow the network to act as a smart contract layer for BTC while mitigating the potentialrisks of centralized cross-chain bridgesand poorly designed wrapped tokens. Allowing Bitcoin to become programmable can also unlock a wide range of new DeFi-related use cases, including Bitcoin or Ordinal collateralized loans and staking.\nThe rise of Ordinals on the Bitcoin network is undeniable, and their impact is only set to grow in the coming years as more projects tap into the same utility. But it’s clear that the current state of the network is not equipped to handle the influx of traffic that this may bring, and it’s time to face the reality that Bitcoin needs to evolve to keep up. Turning to layer-2 infrastructure may be a critical part of the solution.', '• US stocks fell about 1% on Tuesday as investors prepare for another interest rate hike despite an ongoing banking crisis.\n• The Federal Reserve is expected to hike interest rates by 25 basis points at its Wednesday FOMC meeting.\n• Regional bank stocks were crushed on Tuesday just one day after JPMorgan acquired First Republic Bank.\nUS stocks fell about 1% on Tuesday as traders prepared for another 25-basis-point interest rate hike from the Federal Reserve at its May FOMC meeting on Wednesday.\nPerhaps more importantly, investors will be looking to Fed Chairman Jerome Powell\'s press conference for any clues that a pause in future rate hikes is imminent, especially after First Republic Bank became the third bank to collapse in recent months.\nRegional bank stocks were crushed on Tuesday,with the S&P Regional Banking ETF falling more than 6% as investors grow concerned that another lender could collapse after the Fed\'s aggressive tightening cycle created sizable, unrealized losses on bank bond holdings.\nInvestors also have their eyes on corporate earnings, withAppleset to report quarterly results after the market close on Thursday.\nSo far, earnings have held up better than analyst estimates. With 57% of S&P 500 companies having already reported, 80% are beating profit estimates by a median of 8% while 74% are beating revenue estimates by a median of 3%, according to Fundstrat.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday:\n• S&P 500:4,119.58, down 1.16%\n• Dow Jones Industrial Average:33,684.53, down 1.08% (367.17 points)\n• Nasdaq Composite:12,080.51, down 1.08%\nHere\'s what else happened today:\n• Robinhood\xa0mistakenly told its users that\xa0AMC Entertainment\xa0had filed for bankruptcyMonday, drawing the ire of the theater chain\'s boss.\n• Citigroup CEO Jane Fraser said the worst of the ongoing banking uncertainty is likely overafter JPMorgan struck a deal to take over First Republic Bank.\n• EconomistMohamed El-Erian warned of "collateral damage" from JPMorgan\'s takeoverof First Republic and said there could be four unintended consequences of the deal.\n• Apple\'s\xa0high-yield savings account attracted as much as $990 million in depositsin the first four days of i Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $555,230,440,625 - Hash Rate: 341432463.6274834 - Transaction Count: 489559.0 - Unique Addresses: 728440.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks fell on Tuesday as the Federal Reserve kicks off its May FOMC meeting today. • Fed Chairman Jerome Powell is expected to announce a 25-basis-point interest rate hike on Wednesday. • Powell's remarks will be closely monitored by traders for clues of a potential pause in rate hikes after recent bank failures. US stocks edged lower on Tuesday as traders prep for the Federal Reserve's May FOMC meeting, which is expected to conclude with a 25-basis-point interest rate hike on Wednesday. Investors will also be looking to Fed Chairman Jerome Powell's press conference for any clues that a pause in future rate hikes is imminent, especially after First Republic Bank became the third bank to collapse in recent months. Investors also have their eyes on corporate earnings, with Apple set to report their results after the market close on Thursday. So far, earnings have held up better than analyst estimates. With 57% of S&P 500 companies having already reported results, 80% are beating profit estimates by a median of 8% while 74% are beating revenue estimates by a median of 3%, according to Fundstrat. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Tuesday: • S&P 500:4,158.30, down 0.23% • Dow Jones Industrial Average:33,974.44, down 0.23% (77.26 points) • Nasdaq Composite:12,190.87, down 0.18% Here's what else is happening this morning: • Robinhood mistakenly told its users that AMC Entertainment had filed for bankruptcyMonday, drawing the ire of the theater chain's boss. • Citigroup CEO Jane Fraser said the worst of the ongoing banking uncertainty is likely overafter JPMorgan struck a deal to take over First Republic Bank. • EconomistMohamed El-Erian warned of "collateral damage" from JPMorgan's takeoverof First Republic and said there could be four unintended consequences of the deal. In commodities, bonds and crypto: • West Texas Intermediate crudeoil fell 1.31% to $74.67 per barrel.Brent crude, oil's international benchmark, dropped 1.20% to $78.36. • Goldrose 0.10% to $1,994.20 per ounce. • The yield on the 10-year Treasury fell two basis point to 3.55%. • Bitcoin was flat at $28,087, while ether rose 0.05% to $1,832. Read the original article onBusiness Insider... - Reddit Posts (Sample): [['u/kryptoNoob69420', "Balaji Srinivasan 'Burns' $1 Million in Bitcoin to Prove a Point", 17, '2023-05-03 00:10', 'https://www.reddit.com/r/CryptoCurrency/comments/1361zyp/balaji_srinivasan_burns_1_million_in_bitcoin_to/', 'Dude kept his word and paid up. I wish more rich people like Robert Kiyosaki and Michael Burry would have the guts to make similar bets while making their lame predictions.', 'https://decrypt.co/138632/balaji-srinivasan-burns-1-million-bitcoin', '1361zyp', [['u/kryptoNoob69420', 14, '2023-05-03 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/1361zyp/balaji_srinivasan_burns_1_million_in_bitcoin_to/jimdnhw/', '"Today, he said the bet had been “closed out by mutual agreement” and settled early, giving $500,000 to poverty charity Give Directly, $500,000 to Bitcoin core developers, and $500,000 to Medlock. "\n\nThat\'s a good donation to charity and to the Bitcoin devs. Dude made a stupid bet but paid up without any bullshit or excuses.', '1361zyp']]], ['u/azchronic', 'Might sound like stupid question, but does it really matter if initial BTC or XMR purchase is made with ID?', 31, '2023-05-03 03:24', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/', 'Hypothetically if you were to run it through multiple mixers / wallets after would the initial KYC information matter? Asking for a close friend who is pretty stupid and dumb.', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/', '1366j1c', [['u/AridDarkness', 19, '2023-05-03 03:41', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin5gty/', 'No. You should be more than fine buying btc clear then transfer it into monero', '1366j1c'], ['u/[deleted]', 48, '2023-05-03 03:50', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin6sr1/', 'Monero, unlike Bitcoin, is electronic cash.\n\nHaving Monero in your wallet is exactly like having cash in your wallet. It doesn\'t matter that you got it from the bank and they have your ID and account number... the moment you walk out of the bank with the funds in your wallet, "they" can\'t tell what happens anymore.\n\nJust use Monero. Fuck surveillance. Fuck Bitcoin.', '1366j1c'], ['u/Adventurous-Tax-4356', 69, '2023-05-03 03:59', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin836o/', 'BTC- yes, even with mixers the ability to trace entire path is proven to be easy now which is why mixers are pointless \n\nXMR- no, not at the moment, as long as you transfer to other wallet(s). But may be possible in the future', '1366j1c'], ['u/Brandon209999', 13, '2023-05-03 04:13', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin9ymw/', 'Finally a good answer', '1366j1c'], ['u/dreamyxlanters', 11, '2023-05-03 05:32', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jinjz4g/', 'First, you should only using XMR and not BTC \n\nSecond, no it does not matter. Let’s say you buy some XMR from Kraken, and you use your ID to buy it. The only thing they can see is the wallet you sent it to. Personally, when I buy mine it goes through 3 wallets before I’m doing anything with it. \n\nCompanies already have your information, it’s sold everyday. It makes no difference, and they can’t see what you’ve done with it or where it went.', '1366j1c']]], ['u/breakfastpete', "When buttcoin fails, I don't look forward to the rationalizations and excuses from the butters.", 49, '2023-05-03 03:42', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/', 'Long time lurker, first time poster. I just wanted to say that when this house of cards comes tumbling down on the bitcoin endeavor (maybe with the collapse of Tether?) the anger from the butter-faithfuls will be overwhelming I\'m sure. I mean, I don\'t doubt that there will be many people who were "in it for the money" who will simply roll with the punches and just go on with their lives.\n\n\n\n\nBut what I don\'t look forward to are the buttcoin faithfuls who will still insist that the technology is awesome and will blame everybody but themselves for the failure. I can just see them blaming the government, blaming mainstream media, Biden, and they might even blame lizard Jews or some such nonsense. And I personally don\'t look forward to see that bullshit from idiots who place the blame of their financial frustration on some stupid false-conspiracy rather than use the moment to re-examine their own decisions.', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/', '1366x3z', [['u/[deleted]', 13, '2023-05-03 03:56', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin7nfl/', "Oh yeah, get ready for 30 years of conspiracy theories of why it didn't work out.", '1366x3z'], ['u/FoulmouthedGiftHorse', 38, '2023-05-03 04:00', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin83me/', 'They’ll blame the government.\n\nIf the government enacts legislation and regulations to curtail the scams, fraudulent exchanges and stablecoins, it will crash - they’ll blame the government for killing it. If the government does nothing, the scams will implode under their own fraud and it will crash - they will blame the government for not doing enough to protect them.', '1366x3z'], ['u/SilentButDeadlySquid', 58, '2023-05-03 04:06', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin8wtp/', 'Go here: https://www.reddit.com/r/BBBY\n\nI think it will be something like this. Of course they believe that is what it will be like when the entire world economy fails.', '1366x3z'], ['u/NewKitchenFixtures', 18, '2023-05-03 04:07', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin941i/', 'I’d expect it to be like the BBBY stuff. Seeing that gave me a better idea of what is behind bitcoin as there are no reasons to obscure intentions once they reach curtain call.\n\nThat said, without an underlying asset or thing to go bankrupt (like a dead company for a meme stock) there is nothing to force an end. And in a closed loop the value on coins may hold in some disconnected world on its own indefinitely.\n\nEven if there are no off ramps and there are five proof of work servers left in the world.', '1366x3z'], ['u/LloydBrahn', 10, '2023-05-03 04:30', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jinc7em/', 'That shit is amazing. Pure cult nut jobs that have completely lost the plot. Literally still think bbby is gonna “MOASS”. Still', '1366x3z'], ['u/hoenndex', 21, '2023-05-03 05:12', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jinhnhv/', 'Which is pretty hilarious considering one of their common phrases is that Bitcoin is censorship proof. They claim there is no way government can kill crypto, when there are so many ways it could be done.', '1366x3z'], ['u/Rokos_Bicycle', 13, '2023-05-03 07:42', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jinx9x4/', 'That is fucking wild', '1366x3z'], ['u/Iazo', 13, '2023-05-03 09:14', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jio48oy/', 'If there are a bunch of morons eating a turd and one asks: "Is there anything that would make you change your mind towards eating a turd?" ...well, that\'s not the gotcha what you imagine it to be.\n\nBitcoin is shit. There are SOME circumstances is which maybe a cryptocoin would be not shit, but bitcoin is not it. The scam-friendly model in which access is equal to ownership, the intolerance to mistakes, the transaction throughput, the deflationary model, the idiotic energy waste, the inaccesibility, and more, cause this is just off the top of my head.\n\nNote, all this is INDIFFERENT to the price of butts. It matters to the butters, but the foibles are structural, and would be there regardles of whether butts are wash traded at 500$ or 100k$.', '1366x3z'], ['u/AtJackBaldwin', 21, '2023-05-03 09:59', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jio7arc/', 'A bricks and mortar homewares store which is bankrupt. People invested in it through social media hype which turned into a massive pump and dump, now the only ones left are Q-adjacent weirdos who think that some superhero investor is going to swoop in and pay them thousands of dollars per share because of reasons.', '1366x3z'], ['u/Hayden3456', 21, '2023-05-03 10:10', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jio81pr/', 'Also checkout r/gme_meltdown for the highlights', '1366x3z'], ['u/Siccors', 12, '2023-05-03 11:32', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jiodg4t/', 'The problem is you have such a wide range of tokens. I will never change my opinion regarding Bitcoin, since destroying the environment is simply not needed for a financial system. \n\nRegarding others which don\'t destroy the environment, I am not a libertarian, so also not hugely in favour of letting free market handle everything. But to be convinced it has a future I would at least need to see it being used often in real life, and preferably with advantages compared to what I already got now. So just numbers go up would not convince me. \n\n(Only \'relation\' between crypto and nutrition I am aware of is the absolute bullshit from Bitcoin maxis regarding "fiat food", I hope yours is not related to that).', '1366x3z'], ['u/rankinrez', 14, '2023-05-03 11:57', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jiof6lq/', 'It’s price as a speculative asset has no bearing on it succeeding as a currency, replacing banks, government money etc.\n\nIn fact as long as it’s price is measured in dollars it’s a failure.', '1366x3z'], ['u/thehoesmaketheman', 10, '2023-05-03 12:01', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jiofgke/', "You sound like someone who found a religion. None of those things you listed have to do with Bitcoin. You just have a Faith now and through Faith you find peace. \n\nThis is the exact same pitch any religion would give you. Why do you think it's been around for 10,000 years? Humans love and need religion. It ain't been around forever by luck or because big meanies make it be. It's around because it's inherent to humans to offload the anxiety of life.", '1366x3z']]], ['u/taxlobbyist', 'Thoughts ?', 14, '2023-05-03 04:31', 'https://www.reddit.com/r/AlchemyPay/comments/1367yha/thoughts/', 'Well it’s disappointing that Bitcoin is holding $28K yet we are back under $.03 and down .015 over the past week and a half. Thoughts on where we go from here?', 'https://www.reddit.com/r/AlchemyPay/comments/1367yha/thoughts/', '1367yha', [['u/WiskiDave', 15, '2023-05-03 05:21', 'https://www.reddit.com/r/AlchemyPay/comments/1367yha/thoughts/jinip45/', 'Must be new. The fact we are over 400% (or 300% haven’t looked for exact in a couple of weeks) for the year and 200% or more from a lot of original entries when it first came to Coinbase speaks volumes. \n\nThis bad boy is holding up. 🍻', '1367yha']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, May 03, 2023', 33, '2023-05-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/', '1369rdk', [['u/anon-187101', 20, '2023-05-03 06:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jino2lc/', 'We are significantly undervalued here, at $28.5k.\n\nAct accordingly.', '1369rdk'], ['u/anon-187101', 11, '2023-05-03 07:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jinwvte/', 'What do you even mean by "OK now"?\n\nThe entire system has not been "OK" for a very long time - certainly since 2008.', '1369rdk'], ['u/regxbN78', 17, '2023-05-03 07:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jinxttl/', 'Had a long conversation with a nocoiner today. Wow, that seething below-the-surface anger at the world because they missed out. The logic that only gets more contorted as time passes. We are still so early.', '1369rdk'], ['u/anon-187101', 10, '2023-05-03 08:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio170j/', "Don't worry, I'm not that kind of motherfucker.", '1369rdk'], ['u/regxbN78', 11, '2023-05-03 08:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio25nn/', 'This person is more in the mindset of "it\'s all crypto, and all crypto is illegal". If they\'re going to have a change of heart, it\'ll have to come from within. I just express my POV & how I see the world. Their attempts to challenge my worldview I hope exposes the flaws in their logic to such a degree that it becomes obvious to them even if they don\'t admit it outright.', '1369rdk'], ['u/DamonAndTheSea', 52, '2023-05-03 09:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio63ol/', 'TechDev posted an [interesting Bitcoin chart that I haven’t seen discussed](https://twitter.com/TechDev_52/status/1652712827117871105?s=20). In this chart he’s taking the CN10Y (10 year Chinese government bonds) and dividing it by DXY (dollar index). In doing so, he’s created a chart that roughly tracks China’s credit impulses and global liquidity cycles. He’s using the 60 weekly MA as a way to measure trend reversals (i.e. above is bullish, and below bearish) [Here’s another similar chart where he simply notes when tread lines break to show the same thing](https://twitter.com/TechDev_52/status/1600987144851714050?s=20) \n\nEach macro trend reversal on the CN10Y from bear to bull has been correlated with the large runs in Bitcoin we’ve witnessed since inception. What’s interesting is how [tightly correlated the CN10Y/DXY chart is to the BTC chart when overlaid, something he illustrates here](https://twitter.com/TechDev_52/status/1651210014546178050?s=20). Also interesting how CN10Y reversals have all lined up conveniently with the previous Bitcoin halving events. We know that correlation =/= causation, but the provocative thing he’s positing here is that perhaps these liquidity cycles are playing some larger role in the predictable post-halving price action than might otherwise be explained by the supply shock. \n\nSo what to make of this? Well the CN10Y chart broke bullish back in December of last year, right when the market bottomed (see first chart) - this is well before the halving schedule for roughly April of 2024. If Bitcoin’s demand side is, in fact, being spurred along by the CN10Y pivots, then we’d expect to see BTC begin to perform similarly to a post-halving run staring right now. This could have price peaking in [the middle of next year and perhaps at the halving event rather than a year later as most anticipate based on prior cycle behavior.](https://twitter.com/TechDev_52/status/1653533163124129793?s=20)\n\nThe above will certainly rub some people the wrong way and I can empathize. Bears, macro bros and the ‘recession is imminent’ crowd have completely ruled out a tear-your-face-off sustained run this year and into early next. Similarly Bitcoin OG’s who have won by faithfully playing the 4 year cycle may [find notions of a left translated cycle unsavory](https://twitter.com/BobLoukas/status/1554117677400166402?s=20). I personally do not have a strong opinion about TechDev’s theory/premise and I generally don’t like single indicator narratives … but I do like that the theory has an easily measurable success and failure criteria. If BTC price is well above its prior ATH’s before the next halving, it’d lend a lot of credit to the above.', '1369rdk'], ['u/Downtown-Ad-4117', 12, '2023-05-03 10:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio7m1n/', 'Show them this: https://endthefud.org\n\nIf they don’t want to do their homework, not my problem.', '1369rdk'], ['u/PatientlyWaitingfy', 12, '2023-05-03 11:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiocdqg/', "I don't agree that we are early, everyone and their mother has heard of BTC", '1369rdk'], ['u/Crypt0fart', 24, '2023-05-03 11:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jioch11/', 'As satoshi said “If you don’t believe me or don’t get it, I don’t have the time to\xa0try to convince you”.\xa0', '1369rdk'], ['u/4theWlN', 11, '2023-05-03 14:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jioqbdy/', 'Bitcoin cme futures are -150-200$ when you wrote this. I’d like a different flavor of euphoria please.', '1369rdk'], ['u/diydude2', 15, '2023-05-03 14:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jioss8d/', 'Today is the day when we all wait with bated breath to see what flavor of hot air the bankrupt Fed will blow.\n\nI think it will be moderately dovish.', '1369rdk'], ['u/NervousNorbert', 10, '2023-05-03 15:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jip03nx/', 'Any volatility is more likely to be triggered by what is said in the press conference imo.', '1369rdk'], ['u/dopeboyrico', 10, '2023-05-03 15:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jip45t2/', 'Powell leaves an open door for more rate hikes based on incoming data but at the same time says he likes where inflation is trending and suggests further rate hikes may not be necessary so long as data keeps moving in the right direction. He also states they will keep rates where they’re at until the job is done.\n\nAnything else would be a surprise.', '1369rdk'], ['u/dopeboyrico', 14, '2023-05-03 16:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jipc5oc/', 'Futures are expecting today’s 25 BP rate hike to bring the Fed funds terminal rate to 5.15%. Futures anticipate rates to stay paused until September when the Fed then begins to cut rates 25 BP each time they meet from that point going forward.\n\nTypically when the Fed hikes rates it occurs gradually (Fed hiked from July 2004 - July 2006 or 24 months, from December 2015 - December 2018 or 36 months, from March 2022 - May 2023 or 14 months). However, when they begin cutting rates, typically it occurs in a shorter timeframe than the hikes prior (Fed cut from August 2007 - December 2008 or 16 months, from August 2019 - April 2020 or 8 months).\n\nBasically stairs up, elevator down. If this trend were to continue, once the Fed begins cutting rates they would need to finish cutting rates in a timeframe of less than 14 months. Which means if they begin cutting rates in September of this year as futures currently anticipate, they should finish cutting rates a year later at the longest rather than over a longer duration of time with gradual 25 BP rate cuts as futures are anticipating. Meaning we might be back at or near a 0% Fed funds rate right around the time of the BTC halving next year.\n\nOr maybe this time is different?', '1369rdk'], ['u/dopeboyrico', 10, '2023-05-03 17:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jipgqaq/', '> they won’t drop it under 3% unless something breaks\n\nMore bank failures? The fact that median home price is already negative YoY but it’s not yet reflected in CPI data because a rolling average is used which means it’ll take another few months to show up in the data to drag overall CPI down below the Fed’s target 2% inflation and potentially negative since shelter makes up the largest portion of CPI?\n\nTake your pick.', '1369rdk'], ['u/[deleted]', 13, '2023-05-03 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jipp6rb/', 'I really think you are overthinking this, most of the questions you have are unknowable short term and are likely noise and will be "solved" by noise and random movements of the coin this year.\n\nThe halving is in ~363 days; buy as much as you can, when you can. There may be a dip in summer with better buying opportunities or there may not be.\n\nhttps://www.tradingview.com/x/MPHVwuze/', '1369rdk'], ['u/AccidentalArbitrage', 11, '2023-05-03 19:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq34oy/', 'GBTC and BTC are completely different and separate assets and should in no way be treated as the same for accounting purposes, especially for taxes.', '1369rdk'], ['u/ask_for_pgp', 11, '2023-05-03 19:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq4m14/', 'these are two different things. do not comingle its respective P/L', '1369rdk'], ['u/delgrey', 12, '2023-05-03 20:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq5pfx/', 'Hike and pause? Looks like it.\n\nJPOW: "A decision on a pause was not made today." \nOh well. Let the beatings continue.', '1369rdk'], ['u/jarederaj', 10, '2023-05-03 20:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq7583/', 'Then hike. It’s getting worse, not better. “It” is the financial stability that Americans expect from their currency.\n\nThe boomers will take everything with them on the way out the door. Be damn sure they will leave the lights on, though.', '1369rdk'], ['u/delgrey', 10, '2023-05-03 20:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq7m6b/', 'Waiting on JPOW now. Let\'s see if he wants more banks to fail. \n\n"The Fed repeats that US banking system is sound and resilient."', '1369rdk'], ['u/mad_bitcoin', 13, '2023-05-03 20:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq8jwo/', 'The dollar just crumpled like a wet napkin...send the orange coin', '1369rdk'], ['u/anon-187101', 10, '2023-05-03 21:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqhgpm/', 'I am not counting on an inheritance.\n\nFirst of all, my parents have worked hard their entire lives, so I hope they spend their savings enjoying the (hopefully long) time they have left on this planet.\n\nSecondly, they may need to finance long-term care at some point.\n\nThis idea that younger generations should just "wait it out" is not only unrealistic, but morbid as well.', '1369rdk'], ['u/anon-187101', 10, '2023-05-03 21:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqntbu/', '"moaning"?\n\nI\'m an elder Millennial, have worked since I was 15, make "good" money, and still cannot afford to buy a home (in my hometown) due to money printing, the ubiquity of credit, and people/corporations determined to treat housing as an asset class in spite of the recency bias the returns data clearly shows.\n\nSomething is broken in the system.\n\n(Glad your Mum was well taken care of.)', '1369rdk'], ['u/delgrey', 26, '2023-05-03 23:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqxcc1/', "US bank Pacific West dead now looking for a buyer. \n\nFed says banking system ok and we see how that's working out. Who's next?", '1369rdk'], ['u/[deleted]', 16, '2023-05-03 23:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqztof/', 'New Fed logo is the "this is fine" dog\n\n\n\nedit: New BTC markets logo is: Tyrone Biggums "ya\'ll got any more of them bank failures?!"', '1369rdk'], ['u/DEEPFIELDSTAR', 18, '2023-05-03 23:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jir4e5z/', 'Even after all the nonsense of the past 2 weeks the weekly chart still looks bullflaggy. Bullish.', '1369rdk']]], ['u/grauenwolf', 'If Microstrategy is forced to sell its 140,000 BTC Bitcoin (about 3.9 billion USD) to cover its debts, how much money can they reasonably expect to extract from the system?', 119, '2023-05-03 07:16', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/', 'Has anyone published a formal estimate of how much real money is in the crypto industry? \n\nNot how much is gone through it, but how much actual cash still exists to back the industry when people want to withdraw.', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/', '136b6rd', [['u/greyenlightenment', 54, '2023-05-03 08:00', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jinyqbj/', 'the price will crash , both bitcoin and MicroStrategy. he will be forced to sell at large loss. good riddance.', '136b6rd'], ['u/comox', 33, '2023-05-03 08:15', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jinzwbp/', 'Yup. Came here to say the same. The price will tank. Saylor is a whale and dumping will make a splash, but in the wrong direction.', '136b6rd'], ['u/catpaw-paw', 26, '2023-05-03 08:19', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio080g/', 'Will centralized exchanges even allow them selling such an amount?', '136b6rd'], ['u/tokynambu', 138, '2023-05-03 09:27', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio5572/', 'The question is not really how much real cash there is in the crypto “industry”, but how much cash there is outside the crypto “industry” that wants in. Saylor needs to find people who want to trade real dollars for Bitcoin now who haven’t done so already. At what price would they be willing to do that? \n\nMy guess is “close to zero”: who is there who has real dollars burning a hole in their pocket who wants to buy assets whose liquidity and even legality is under massive regulatory and legislative pressure? In real dollar marketplaces, what distinguishes Bitcoin from any other distressed asset? You might take a punt at fire sale prices if you have a massive risk appetite and want to take a wild bet, but equally you could buy any company out of bankruptcy or, perhaps, a struggling Welsh football club: at least that you become a local celebrity.', '136b6rd'], ['u/drlogwasoncemine', 53, '2023-05-03 10:13', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio89b2/', 'Nah, they sell for tether then cash out to USD without any problems. Tether has over 80B in available cash so everything will run smoothly without affecting the price of BTC.', '136b6rd'], ['u/Jankylad', 37, '2023-05-03 10:24', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio8y6e/', "It's obvious satire my dude", '136b6rd'], ['u/arctic_bull', 12, '2023-05-03 10:24', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio8zub/', "lol, I know. I gave them a doot. But I definitely checked the post history first, they've got some bangers.", '136b6rd'], ['u/Jankylad', 12, '2023-05-03 10:48', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jioakgv/', "What other options do they have long term? The Bitcoin is not doing anything productive and just holding it with billions in debt and interest payments to just have it is not a solid business move. They borrowed billions to buy Bitcoin, what's the plan? Keep spending their earnings to pay off interest?", '136b6rd'], ['u/gwynbleidd2511', 16, '2023-05-03 11:40', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiodzym/', "Distressed assets can lose their inflated book value very quickly. So, in this case, if Saylor has to really get desperate, he'll have to go all in & lose any control he has in MSTR by selling more shares. I don't think he's likely to get easy refinancing.\n\nIf he doesn't, would definitely have to cover it at a slight loss considering his break-even price is near 30k now.", '136b6rd'], ['u/grauenwolf', 30, '2023-05-03 12:07', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiofufu/', "Good satire doesn't need it.\n\nBad satire doesn't benefit from it.", '136b6rd'], ['u/Jankylad', 12, '2023-05-03 12:13', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogamn/', 'I think slight loss is understated. If they have to start selling their BTC the price will crater so the price now is not reflected of the liquidity they can get out from it. Most of the trading volume is fake, getting billions of USD from BTC in this market is not a sure thing.', '136b6rd'], ['u/Malboury', 50, '2023-05-03 12:15', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogfsw/', "This is the correct answer. There's a floor somewhere based on what people think others might reasonably spend in the hopes of making a buck if/when the price rebounds. I'd be cautious of any predictions, but 'close to zero' may well be right if 140K in BTC hits all at once.", '136b6rd'], ['u/grauenwolf', 29, '2023-05-03 12:17', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogku3/', "> My guess is “close to zero”:\n\nExactly why I phrased the question like I did.\n\nThe exchanges and stable coins need to cover this, at least in the short term, to avoid a market crash. But I don't know if they can or if the money has already been bled out.", '136b6rd'], ['u/GOD_Official_Reddit', 32, '2023-05-03 12:18', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogox5/', 'Usually sales of this quantity are not done through central exchanges, they find a buyer who will take the large quantity or in this case multiple buyers of imagine.\n\nIf I had to guess a quantity like this will probably be bought by exchanges (if any of them have enough cash) at a low price and then sold to customers in a controlled manner to avoid flooding the market', '136b6rd'], ['u/MakingItElsewhere', 14, '2023-05-03 12:38', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jioi85q/', "And now everyone knows he's selling, so they're going to jump if the price even remotely starts dropping.", '136b6rd'], ['u/tokynambu', 30, '2023-05-03 13:16', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiolkcl/', 'The "stable" coins have no money or, at least, nowhere near enough to cover a major withdrawal. They aren\'t engaged in fractional reserve banking where the sum of their cash on hand and their other assets in the forms of loans, deposits with other bank and shareholders\' funds are at least equal their liabilities to depositors. They don\'t have access to emergency liquidity from banks of last resort. They are wildcat banks: they issued notes that have no value backing them.\n\nSo the answer is perfectly: if a company hold a lot of Bitcoin, sell it for "stable" coins on "exchanges" and then attempt to convert that into real money in order to pay real debts, there is not enough real money available. What is the scale of the shortfall? We don\'t know. But for all their pathetic chanting of "money printer go brrr" about real money, the butters appear completely ignorant of the fact that that is exactly where "stable" coins come from. Tether just prints them. There\'s nothing backing them, or at least not remotely enough.', '136b6rd'], ['u/tokynambu', 28, '2023-05-03 13:19', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiolua5/', '>If I had to guess a quantity like this will probably be bought by exchanges (if any of them have enough cash) at a low price \n\nSaylor can\'t afford to sell for a low price.\n\nThe exchanges don\'t have sufficient cash to pay more than a low price.\n\nThe exchanges, being at root scams, are not also stupid: they aren\'t going to swap such real cash as they have for a large pile of pretend "money" Bitcoins. Of all the people in the ponzi who know that dollars have value and creepto doesn\'t, it\'s the exchanges: their whole business model is founded on taking real money, issuing imaginary money and pocketing the Benjamins.', '136b6rd'], ['u/GunterWatanabe', 13, '2023-05-03 13:30', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiomvqu/', 'There was a sharp fall the other day when a rumour went around that the US government was selling some of theirs. The market is so thin and if people know there’s a big line of bitcoin out there, the bids just disappear. He’ll be selling into freefall.', '136b6rd'], ['u/RandomGoose60053', 14, '2023-05-03 13:32', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jion0wi/', ">The exchanges, being at root scams, are not also stupid\n\nThe exchanges are not stupid. Have you seen how FTX was run or BITCONNEEEEECCCCCTTTTTT.\n\nI think we just want to assume the rich are smart and someone knows what they're doing. But that might now be the case here. They seem pretty dumb to me.", '136b6rd'], ['u/tokynambu', 27, '2023-05-03 13:34', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jion8zt/', 'I mean "stupid" in the sense of "giving money away". FTX\'s principals pocketed a huge amount of money, which is still nowhere to be found.', '136b6rd'], ['u/antimatter_beam_core', 15, '2023-05-03 15:24', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiozwq6/', "> In real dollar marketplaces, what distinguishes Bitcoin from any other distressed asset\n\nOther distressed assets generally at least have the _potential_ to become profitable and thus positive sum in the future. Bitcoin doesn't even have that.", '136b6rd'], ['u/AussieCryptoCurrency', 11, '2023-05-03 16:08', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jip5v6o/', '`Binance CZ has entered the chat`', '136b6rd'], ['u/robot_slave', 17, '2023-05-03 17:33', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jipin7i/', 'It\'s not the exchanges and stablecoin issuers, it\'s the broker/dealers. The so-called "market makers." The firms that buy and sell and profit from the spread.\n\nThe question is how much capital the broker/dealers are able or willing to allocate to increasing their bit-coin position.\n\nYes, most crypto exchanges are also acting as dealers. Which is illegal outside of crypto. But there are standalone dealers as well. And yes, broker/dealers probably have stablecoin positions, too; whether or not they want to (try to) liquidate them to increase their bit-coin positions is a related but separate question.\n\nHow much capital are the broker/dealers willing to put into bit-coin? If the limit is reached, the bit-coin price vanishes. It doesn\'t just collapse-- there\'s no pricing mechanism anymore, because there are no buyers. This is what happened in the 2008: dealers simply stopped buying mortgage-backed securities. There was no price. The Fed had to step in and act as dealer of last resort.', '136b6rd'], ['u/grauenwolf', 10, '2023-05-03 17:47', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jipkukx/', '> It\'s not the exchanges and stablecoin issuers, it\'s the broker/dealers. The so-called "market makers." The firms that buy and sell and profit from the spread.\n\nAren\'t all those the same people?\n\nThat seems to be one of the SECs biggest complaints.', '136b6rd'], ['u/drlogwasoncemine', 10, '2023-05-03 19:48', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiq3qre/', "C'mon, Poe doesn't live here. I was upvoted enough for the/s to be implied.", '136b6rd']]], ['u/rBitcoinMod', 'Daily Discussion, May 03, 2023', 37, '2023-05-03 08:07', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/', '136c44m', [['u/Llonga', 10, '2023-05-03 14:37', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jiou393/', 'Hacked?', '136c44m'], ['u/escodelrio', 16, '2023-05-03 14:43', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jioupn8/', "Historical Bitcoin prices for today, May 3rd:\r \n\r \n2023 - $28,629\r \n2022 - $38,581\r \n2021 - $57,189\r \n2020 - $8,819\r \n2019 - $5,776\r \n2018 - $9,735\r \n2017 - $1,492\r \n2016 - $450\r \n2015 - $240\r \n2014 - $437\r \n2013 - $98\r \n2012 - $5.1\r \n2011 - $3.4\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/03/2023 is $9,018.50.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1653716144778346496).", '136c44m'], ['u/LiteratureUsual614', 10, '2023-05-03 16:05', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jip5gxz/', 'Nothing was hacked, and bitcoin is resilient. The mempool in 2017 was much worse, with single transaction fees around $100. We’ll find a way to smooth things out.', '136c44m'], ['u/vnielz', 17, '2023-05-03 23:34', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jir2hwl/', '$PACW - PacWest down 57%\n\n$WAL - Western Alliance Bank down 30%\n\n$MCB - Metropolitan Bank, down 20%\n\n😳\n\nBuy Bitcoin.', '136c44m']]], ['u/Seattleman1955', "Would you like to see people be more reasonable about what Bitcoin can and can't do?", 28, '2023-05-03 09:39', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/', 'I think it would be good to see more informed options regarding Bitcoin. It\'s not going to replace the dollar and the Fed isn\'t going to go away.\n\nIf we are lucky it will be some competition to the dollar to help keep government financial actors more disciplined. It may exist alongside the dollar in the US. It may serve as a store of value. It has first mover and networking advantages and it\'s decentralized and limited.\n\nIt\'s not going to eliminate the Fed (nor should we want it to). It\'s not going to eliminated fractional reserve banking.\n\nThe dollar is going to remain the de factor global reserve currency for a long time (IMO). It\'s there now because people chose for it to be used that way. That\'s not going to change even though other currencies may/will be used for certain transactions as is currently playing out.\n\nWhen Black Swan events come along (and they always do) gold couldn\'t react to that and Bitcoin can\'t either and for similar reasons. That\'s not a bad thing. The Fed isn\'t a bad thing. The problem is just that after we increase the currency to deal with Black Swan events, we don\'t then raise taxes later when times are good and go back to tight money.\n\nI think Bitcoin may hit $500k in 10 years or so if all goes well and if it essentially replaced the investment use case of gold. Maybe the US economy will greatly improve by then, maybe politicians will become more disciplined and responsible and the use case/need for Bitcoin will decline and maybe it won\'t be as popular.\n\nTo me, these are reasonable things to consider regarding Bitcoin, both the pros and cons. No one is going to get "rich" on Bitcoin because they own .5 Bitcoin today. So far, I\'d guess, the majority of Bitcoin holders aren\'t breaking even. Coinbase is still a pain in the butt to deal with. This experiment isn\'t even a sure thing yet.', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/', '136dqkr', [['u/strength_in_numbers_', 19, '2023-05-03 11:50', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/jioemhc/', 'I had to read your post a few times in order to get the gist of what you\'re really trying to say.\n\nYou are basically rooting for the Fed to stay in power and the US dollar to maintain its global reserve currency status. You wish for the Fed to use their monetary policy tools to "cycle" the economy back to before things went to shit, because they\'re not the bad guys here and they\'re only trying to save the world.\n\nNext, you proceed to opine that in 10 years, US politicians will somehow become "disciplined" and "responsible", that the US economy will be "greatly improved", and therefore negate Bitcoin\'s use case and make it less popular.\n\nLast paragraph, you proceed to make a few sweeping statements: owning .5 bitcoin isn\'t going to make a person rich, majority of bitcoin holders aren\'t breaking even, Bitcoin is an "experiment", and conbase is a pain in a butt to deal with.\n\nEveryone is entitled to their own opinions, of course. And I suspect that if you carry such opinions and yet subscribe to this sub, nothing I say will change your views.\n\nHere are mine. Bitcoin is not going to destroy the Fed or replace the US dollar. That is not Bitcoin\'s purpose. Bitcoin exists to give people a medium to put their hard-earned savings into, instead of the US dollar. The Fed has already orchestrated its own demise, and when the US dollar ship sinks, Bitcoiners have the choice of remaining afloat.\n\nIf you look at the size of the National Debt today and the Fed\'s record balance sheet, you know we have long stepped past the point of no return. No amount of "monetary policy adjustments" is going to fix the economy. The politicians aren\'t even trying anymore. They\'re just milking it for all it\'s worth before they jet out of this hell of their making. Guess who are the ones left behind to burn?\n\nBitcoin can\'t stop any of this from happening, but it does give you a chance at preserving your savings. Bitcoiners don\'t think about how much US dollars their 0.5 bitcoin will be able to get them because they don\'t want dollars. And just 0.5 bitcoin will make a Bitcoiner rich because Bitcoin\'s value will always rise against everything else due to its scarcity.', '136dqkr'], ['u/TotesGnar', 19, '2023-05-03 12:06', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/jiofu23/', 'I\'ll one up you. I actually love the US dollar and inflation the way it is in the US. Why? Because I can use it, abuse it and toss it out like an old rag. If you actually understand wealth creation you want this kind of system.\n\nI want to be able to borrow low interest fixed rate debt to buy something of value that goes up because everyone else is also doing this and in doing so pays off the already cheap debt with cheaper dollars. Oh and hey! You can stick a tenant in there who\'s also paying you cash-flow on top of all that money printing going on with your mortgage arbitrage play.\n\nI\'m just doing what the government does without a college degree or fancy job.\n\nWhere our current monetary system goes wrong is in 2 ways:\n\n1. MAJOR, HUMONGOUS lack of education. If we properly educated everyone in school or at home that the way to remain financially relevant and not poor is to buy assets and not hold onto savings this would solve so many people\'s problems and misunderstandings.\n2. Taking actions that cause 10, 20, 30% inflation. When you airdrop everyone, everywhere $4k what do you expect will happen? When you toss around hundreds of billions of dollars in loans that end up becoming grants, what do you expect is going to happen?\n\nIf we actually had a system that could keep general inflation around 1-3% I\'m all game. I love it. It\'s easy to beat and it\'s easy to arbitrage. And it\'s easy for anyone to do with a little bit of knowledge.\n\nNow, I\'ve been saying for a while that Bitcoin will most likely never become legal tender in our lifetimes. And it really doesn\'t need to. Legal tender is mostly useless. It simply just forces businesses to accept it as debt settlement. That\'s it. Nothing more. Businesses can always just opt in regardless anyway, therefore legal tender status is mostly useless in driving adoption since you can choose to accept it regardless and most will over time if they keep seeing customers wanting to pay with it.\n\n\n\nWhere Bitcoin REALLY shines and finds true value is both in terms of a very powerful liquid savings account (think super-charged liquid real estate) AND international form of settlement in an ever-growing tribalistic world.\n\nRussia and China will NEVER EVER EVER EVER touch USD again in any meaningful way after what they saw with the invasion of Ukraine. We essentially shot ourselves through the foot to shoot Russia. However, Bitcoin will be there to be an instant and cheap settlement layer that can\'t be controlled by either party. Win-win.\n\nFurthermore, "3rd party" nation states will continue to adopt Bitcoin to have some form of control and "seat at the table" in international dealings. Any country that doesn\'t have it\'s own currency or has an extremely weak one is prime for adoption and most likely will over time. It makes absolutely zero sense for them to be under another monetary regime. They are essentially like a 52nd state of the US without any of the bailouts or benefits of being a state.\n\nLook, Bitcoin will always go up. It\'s the hardest asset in existence and is about to flip real estate in 2028. Bitcoin will always be there as an awesome life-raft if we experience forms of elevated inflation. Bitcoin will not only flip gold, but it will probably double or triple from there since it\'s so much more valuable in many different ways. Bitcoin will not just magically top at $500k and go sideways. There will always be monetary debasement with a growing demand for an ever shrinking supply, unlike gold.\n\nBitcoin truly is the ultimate form of property. I don\'t give a rats ass if it\'s "currency" or "money". I want it to be highly liquid, immutable, transferable and censorship resistant property first that can also settle debts if need be. Pretty cool.', '136dqkr']]], ['u/DaddyLongLegs13469', 'Opinion of Stake.US', 66, '2023-05-03 11:57', 'https://www.reddit.com/r/gambling/comments/136g2po/opinion_of_stakeus/', 'I messed around on Bovada but decided to stop after they denied my withdrawal because I used a VPN and got through a $1410 rollover with an initial $25 deposit and withdrew with $345. \n\nI started playing on Stake.us with an initial $120 gold coin bundle. \n\nPlayed sweet bonanza at 1sc bets and about 30sc in I hit the feature and won 310sc\n\nBeen enjoying playing on the site I was up to about 500sc then decided to redeem for 120sc worth for Bitcoin. \n\nWaiting on the transaction to hit my crypto portfolio. Enjoying it thus far. \n\nWhat’s y’all’s experiences and stories??', 'https://www.reddit.com/r/gambling/comments/136g2po/opinion_of_stakeus/', '136g2po', '[]'], ['u/Cardanians', 'Cardano will be here for at least another 5 years', 26, '2023-05-03 12:23', 'https://www.redd... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /PRNewswire/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest', 'New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /PRNewswire/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest', 'New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /CNW/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/03/c4303.html', 'New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /CNW/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/03/c4303.html', 'A proposed 30% excise tax on cryptocurrency mining firms was the focus of a report released by the White House on Tuesday, in which the administration reiterated its stance that pinching miners’ profits is in the best interest of American communities and the environment. “Firms do not have to pay for the full cost they impose on others,” the report states, adding that the proposed tax “encourages firms to start taking better account of the harms they impose on society.” The proposed excise tax would impact digital asset miners beginning in 2024 and require any such firm to pay Uncle Sam a tax that’s based on their associated electricity costs—starting out at 10% and ticking up each year until it reaches 30%. The White House’s 2024 budget , which introduced the tax in March, estimates that it could help the government reduce its deficit by $74 million in the first year, potentially growing to $444 million by the fiscal year 2033. Bitcoin’s Energy Transparency Is a Double-Edged Sword: Hut 8 Mining CEO Under the official name of the Digital Asset Mining Energy (DAME) tax, it applies equally to digital asset miners that earn income by validating transactions on proof-of-work networks like Bitcoin and proof-of-stake networks like Ethereum, despite having vastly different levels of energy consumption. The report estimates that crypto miners in the U.S. consumed around 50,000 gigawatt hours of electricity in 2022 between Bitcoin and Ethereum, almost as much as televisions and notably more than home computers. In order to estimate these numbers, the White House started with global estimates of crypto mining power use and segmented out a representative fraction for U.S.-based Bitcoin and Ethereum operations. As part of the proposed tax, digital asset miners would be required to disclose the amount of electricity they use, its source—whether it’s from renewables or not—and its associated value. It also applies to power generated off-grid, such as converting what would otherwise be wasted natural gas. Story continues 7 Common Crypto Tax Myths and How to Avoid Them Among those critical of the proposed tax was investment firm a16z’s Head of Policy Brian Quintenz, who called attention to its focus on electricity as opposed to carbon emissions. “So, apparently it doesn’t matter where the electricity comes from,” he said on Twitter. “If the government doesn’t like how you use the energy, you’ll be penalized.” So, apparently it doesn’t matter where the electricity comes from - coal, gas, 100% renewable, etc. If the government doesn’t like how you USE the energy, you’ll be penalized. Oh, and just wait until they add a CBDC... https://t.co/ut5cUA6YkB — Brian Quintenz (@BrianQuintenz) May 2, 2023 Aside from raising environmental concerns, the administration argues that digital asset mining disproportionately impacts communities of color because of pollution and drives up renewable energy costs. The report also makes a value judgment on crypto. “Cryptomining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity,” it states. “Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize.” Cambridge Will Start Tracking Ethereum Energy Data Along With Bitcoin A day after the White House report was released, the Democratic presidential candidate Robert F. Kennedy Jr. seized on the administration’s logic, aligning himself more closely as an advocate of digital assets after calling out a so-called “war on crypto” the day before. “Bitcoin mining uses about the same as video games, and no one is calling for a ban on those,” he said on Twitter. “The environmental argument is a selective pretext to suppress anything that threatens elite power structures.” Yes, energy use is a concern (though somewhat overstated), but bitcoin mining uses about the same as video games and no one is calling for a ban on those. The environmental argument is a selective pretext to suppress anything that threatens elite power structures. Bitcoin, for… — Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023', 'A proposed 30% excise tax on cryptocurrency mining firms was the focus of areportreleased by the White House on Tuesday, in which the administration reiterated its stance that pinching miners’ profits is in the best interest of American communities and the environment.\n“Firms do not have to pay for the full cost they impose on others,” the report states, adding that the proposed tax “encourages firms to start taking better account of the harms they impose on society.”\nThe proposed excise tax would impact digital asset miners beginning in 2024 and require any such firm to pay Uncle Sam a tax that’s based on their associated electricity costs—starting out at 10% and ticking up each year until it reaches 30%.\nThe White House’s 2024budget, which introduced the tax in March, estimates that it could help the government reduce its deficit by $74 million in the first year, potentially growing to $444 million by the fiscal year 2033.\nBitcoin’s Energy Transparency Is a Double-Edged Sword: Hut 8 Mining CEO\nUnder the official name of the Digital Asset Mining Energy (DAME) tax, it applies equally to digital asset miners that earn income by validating transactions on proof-of-work networks like Bitcoin and proof-of-stake networks like Ethereum, despite havingvastly differentlevels of energy consumption.\nThe report estimates that crypto miners in the U.S. consumed around 50,000 gigawatt hours of electricity in 2022 between Bitcoin and Ethereum, almost as much as televisions and notably more than home computers.\nIn order to estimate these numbers, the White House started with global estimates of crypto mining power use and segmented out a representative fraction for U.S.-based Bitcoin and Ethereum operations.\nAs part of the proposed tax, digital asset miners would be required to disclose the amount of electricity they use, its source—whether it’s from renewables or not—and its associated value. It also applies to power generated off-grid, such as convertingwhat would otherwise be wasted natural gas.\n7 Common Crypto Tax Myths and How to Avoid Them\nAmong those critical of the proposed tax was investment firm a16z’s Head of Policy Brian Quintenz, who called attention to its focus on electricity as opposed to carbon emissions.\n“So, apparently it doesn’t matter where the electricity comes from,” he said on Twitter. “If the government doesn’t like how you use the energy, you’ll be penalized.”\nAside from raising environmental concerns, the administration argues that digital asset mining disproportionately impacts communities of color because of pollution and drives up renewable energy costs. The report also makes a value judgment on crypto.\n“Cryptomining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity,” it states. “Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize.”\nCambridge Will Start Tracking Ethereum Energy Data Along With Bitcoin\nA day after the White House report was released, the Democratic presidential candidate Robert F. Kennedy Jr. seized on the administration’s logic, aligning himself more closely as an advocate of digital assets aftercalling outa so-called “war on crypto” the day before.\n“Bitcoin mining uses about the same as video games, and no one is calling for a ban on those,” he said on Twitter. “The environmental argument is a selective pretext to suppress anything that threatens elite power structures.”', 'The central bank hiked rates by 25 basis points, as was widely expected. TIMOTHY A. CLARY / Getty US stocks fell on Wednesday as markets digested the latest Fed rate hike of 25 basis points. Chairman Jerome Powell reiterated that inflation is still high, and said the economy may dodge a recession. That relatively optimistic view may have dampened hopes for a Fed pivot to rate cuts later. US stocks closed lower on Wednesday after the Federal Reserve hiked interest rates again and signaled further increases may not be coming. The Fed lifted rates by 25 basis points, as was widely expected, marking the 10th increase in borrowing costs since March 2022. But subsequent remarks from Chairman Jerome Powell may have dampened hopes for a Fed pivot to rate cuts later. He reiterated that US inflation is still high, and said the odds for avoiding a recession seem greater than than those for entering a recession. Meanwhile, investors are also awaiting more quarterly earnings reports, with Apple \'s results slated to be released after market close on Thursday. Here\'s where US indexes stood shortly after the 4:00 p.m. ET close on Wednesday: S&P 500 : 4,090.75, down 0.70% Dow Jones Industrial Average : 33,414.24, down 0.80% (270.29 points) Nasdaq Composite : 12,025.33, down 0.46% Here\'s what else happened today: Bill Ackman took aim at Carl Icahn after Hindenburg Research disclosed a short position in the latter\'s company, tweeting that the report is a "must read" with a "karmic quality." Here\'s how the world\'s top investors are planning to capitalize on the looming credit crunch facing the US. The greenback\'s dominance in investment flows and global trade is overrated , and isn\'t worth more to America than "a fraction of 1%" of its gross domestic product, economist Paul Krugman said. Retail investors sold all of the stocks they purchased during the pandemic-era trading boom, according to Goldman Sachs. In commodities, bonds and crypto: West Texas Intermediate crude oil fell 4.7% to $68.29 per barrel. Brent crude , oil\'s international benchmark, dropped 4.3% to $72.04. Gold rose 0.4% to $2,032 per ounce. The yield on the 10-year Treasury fell 6.6 basis points to 3.37%. Bitcoin fell 1.5% to $28,360. Read the original article on Business Insider', '• US stocks fell on Wednesday as markets digested the latest Fed rate hike of 25 basis points.\n• Chairman Jerome Powell reiterated that inflation is still high, and said the economy may dodge a recession.\n• That relatively optimistic view may have dampened hopes for a Fed pivot to rate cuts later.\nUS stocks closed lower on Wednesday after the Federal Reserve hiked interest rates again and signaled further increases may not be coming.\nThe Fed lifted rates by 25 basis points, as was widely expected, marking the 10th increase in borrowing costs since March 2022.\nBut subsequent remarks from Chairman Jerome Powell may have dampened hopes for a Fed pivot to rate cuts later. He reiterated that US inflation is still high, and said the odds for avoiding a recession seem greater than than those for entering a recession.\nMeanwhile, investors are also awaiting more quarterly earnings reports, withApple\'s results slated to be released after market close on Thursday.\nHere\'s where US indexes stood shortly after the 4:00 p.m. ET close on Wednesday:\n• S&P 500:4,090.75, down 0.70%\n• Dow Jones Industrial Average:33,414.24, down 0.80% (270.29 points)\n• Nasdaq Composite:12,025.33, down 0.46%\nHere\'s what else happened today:\n• Bill Ackman took aim at Carl Icahnafter Hindenburg Research disclosed a short position in the latter\'s company, tweeting that the report is a "must read" with a "karmic quality."\n• Here\'s how the world\'s top investors are planning tocapitalize on the looming credit crunch facing the US.\n• Thegreenback\'s dominance in investment flows and global trade is overrated, and isn\'t worth more to America than "a fraction of 1%" of its gross domestic product, economist Paul Krugman said.\n• Retail investors sold all of the stocksthey purchased during the pandemic-era trading boom, according to Goldman Sachs.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 4.7% to $68.29 per barrel.Brent crude, oil\'s international benchmark, dropped 4.3% to $72.04.\n• Goldrose 0.4% to $2,032 per ounce.\n• The yield on the 10-year Treasury fell 6.6 basis points to 3.37%.\n• Bitcoin fell 1.5% to $28,360.\nRead the original article onBusiness Insider', 'Bitcoin and Ether both rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed. Polygon’s Matic led the winners on network updates, while Ripple’s XRP dipped. U.S. stock futures fell, reflecting declines on Wall Street on Wednesday.\xa0The Federal Reserve raised interest rates by the expected 25 basis points, but Fed Chair Jerome Powell warned inflation is still a threat, raising concern more rate hikes are in the pipeline. U.S. lenders fell as investors remain unconvinced the industry is out of the woods after a series of bank failures since March.\nSee related article:Fed hikes rates by a quarter point, Bitcoin drops 0.48%\nBitcoin moved back above the US$29,000 resistance line, gaining 1.23% to US$29,032 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency has gained 2.12% over the past seven days andbreachedits 20-day moving average.\nBitcoin is up 75% for the year to date andStandard Chartered Bankhas forecast it may hit US$60,000 this year, considering the banking problems in the U.S. could convince some investors of Bitcoin’s role as a safe haven.\nEther, the second-largest token, gained 1.84% to US$1,905, up 2.06% for the week. The rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.\nPolygon’s Matic led the winners, rising 2.99% to US$1.01 and bumping up its weekly gains by 2.03%. On Wednesday, Polygon said it addedupdatesto its network to improve use of decentralized applications, or dApps.\nRipple dipped 0.32% to US$0.4635.\nMemecoins such as Dogecoin and Shiba Inu have also gained this year and Gordon Grant, co-head of trading at digital currency prime brokerage Genesis Trading, said failing banks could be a reason.\n“The rise of meme coins amid a full-on banking crisis is not necessarily surprising.\xa0Amidst unstable banking systems, individuals may question the validity of their deposits and even the meaning of money,” Grant said in emailed comments.\n“If bank deposits can theoretically evaporate overnight, it shouldn’t be a surprise that there is a marginal propensity to put money into a token with no obvious use-case other than the chance of selling at a higher price later.”\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume gained 19.42% to US$41.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.69% to 3,648.07 in the 24 hours to 8:00 a.m. in Hong Kong, falling 1.65% for the week.\n“I think it’s related to gas [fees]. It’s very high today and people were making comments about it when minting (or choosing to not mint because of it),” said Yehudah Petscher, NFT Strategist at Forkast Labs.\nIn other NFT developments, South Korea’s leading blockchain game maker Wemade launched the Bored Ape Golf Club (BAGC) NFT collection on its platform on Wednesday.\nThe golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year, according to Wemade’s press release. Wemade, established in 2000, services several play-to-earn video games globally includingMIR4, and recorded over US$83 million in sales in Q4 of 2022.\nAnd on Wednesday, U.S. prosecutors fired off a warning to NFT trading platforms in charging Nathaniel Chastain, the former head of product at the OpenSea NFT marketplace, with money laundering and fraud in what theycalledthe “first ever digital asset insider trading scheme.”\nU.S. stock futures fell as of 8:00 a.m. in Hong Kong. Dow Jones Industrial Average futures lost 0.41%, the S&P 500 futures index dipped 0.37%, and the Nasdaq-100 futures edged down 0.03%. The three indexes all closed lower in regular Wednesday trading.\nThe U.S. Federal Reservehiked interest ratesby the expected 25 basis points to between 5 and 5.25%, the highest level since 2006. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. The inflation rate in March was at 5%, according to the U.S. Bureau of Statistics.\nIn announcing the increase the central bank’s chairman Jerome Powell damped down expectations that the Fed is now set to pause its policy of raising rates, saying the bank is\xa0 “prepared to do more if greater monetary policy restraint is warranted,” during a press conference.\nNigel Green, the chief executive officer of financial advisory company deVere Group, said raising rates amid the brewing uncertainty about the health of U.S. banks is a mistake and could push the world’s largest economy into a longer-term recession.\n“First, the crisis within the US financial system is still not over. There remain serious and legitimate concerns that after a string of bank failures, there could be more to come,” Green said in an emailed statement.\nAnother U.S. inflation indicator is due this week when job numbers for April are released on Friday.\nSee related article:Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm', 'Bitcoin and Ether both rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed. Polygon’s Matic led the winners on network updates, while Ripple’s XRP dipped. U.S. stock futures fell, reflecting declines on Wall Street on Wednesday.\xa0The Federal Reserve raised interest rates by the expected 25 basis points, but Fed Chair Jerome Powell warned inflation is still a threat, raising concern more rate hikes are in the pipeline. U.S. lenders fell as investors remain unconvinced the industry is out of the woods after a series of bank failures since March.\nSee related article:Fed hikes rates by a quarter point, Bitcoin drops 0.48%\nBitcoin moved back above the US$29,000 resistance line, gaining 1.23% to US$29,032 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency has gained 2.12% over the past seven days andbreachedits 20-day moving average.\nBitcoin is up 75% for the year to date andStandard Chartered Bankhas forecast it may hit US$60,000 this year, considering the banking problems in the U.S. could convince some investors of Bitcoin’s role as a safe haven.\nEther, the second-largest token, gained 1.84% to US$1,905, up 2.06% for the week. The rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.\nPolygon’s Matic led the winners, rising 2.99% to US$1.01 and bumping up its weekly gains by 2.03%. On Wednesday, Polygon said it addedupdatesto its network to improve use of decentralized applications, or dApps.\nRipple dipped 0.32% to US$0.4635.\nMemecoins such as Dogecoin and Shiba Inu have also gained this year and Gordon Grant, co-head of trading at digital currency prime brokerage Genesis Trading, said failing banks could be a reason.\n“The rise of meme coins amid a full-on banking crisis is not necessarily surprising.\xa0Amidst unstable banking systems, individuals may question the validity of their deposits and even the meaning of money,” Grant said in emailed comments.\n“If bank deposits can theoretically evaporate overnight, it shouldn’t be a surprise that there is a marginal propensity to put money into a token with no obvious use-case other than the chance of selling at a higher price later.”\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume gained 19.42% to US$41.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.69% to 3,648.07 in the 24 hours to 8:00 a.m. in Hong Kong, falling 1.65% for the week.\n“I think it’s related to gas [fees]. It’s very high today and people were making comments about it when minting (or choosing to not mint because of it),” said Yehudah Petscher, NFT Strategist at Forkast Labs.\nIn other NFT developments, South Korea’s leading blockchain game maker Wemade launched the Bored Ape Golf Club (BAGC) NFT collection on its platform on Wednesday.\nThe golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year, according to Wemade’s press release. Wemade, established in 2000, services several play-to-earn video games globally includingMIR4, and recorded over US$83 million in sales in Q4 of 2022.\nAnd on Wednesday, U.S. prosecutors fired off a warning to NFT trading platforms in charging Nathaniel Chastain, the former head of product at the OpenSea NFT marketplace, with money laundering and fraud in what theycalledthe “first ever digital asset insider trading scheme.”\nU.S. stock futures fell as of 8:00 a.m. in Hong Kong. Dow Jones Industrial Average futures lost 0.41%, the S&P 500 futures index dipped 0.37%, and the Nasdaq-100 futures edged down 0.03%. The three indexes all closed lower in regular Wednesday trading.\nThe U.S. Federal Reservehiked interest ratesby the expected 25 basis points to between 5 and 5.25%, the highest level since 2006. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. The inflation rate in March was at 5%, according to the U.S. Bureau of Statistics.\nIn announcing the increase the central bank’s chairman Jerome Powell damped down expectations that the Fed is now set to pause its policy of raising rates, saying the bank is\xa0 “prepared to do more if greater monetary policy restraint is warranted,” during a press conference.\nNigel Green, the chief executive officer of financial advisory company deVere Group, said raising rates amid the brewing uncertainty about the health of U.S. banks is a mistake and could push the world’s largest economy into a longer-term recession.\n“First, the crisis within the US financial system is still not over. There remain serious and legitimate concerns that after a string of bank failures, there could be more to come,” Green said in an emailed statement.\nAnother U.S. inflation indicator is due this week when job numbers for April are released on Friday.\nSee related article:Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm', 'Bitcoin and Ether both rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed. Polygon\x92s Matic led the winners on network updates, while Ripple\x92s XRP dipped. U.S. stock futures fell, reflecting declines on Wall Street on Wednesday.\xa0The Federal Reserve raised interest rates by the expected 25 basis points, but Fed Chair Jerome Powell warned inflation is still a threat, raising concern more rate hikes are in the pipeline. U.S. lenders fell as investors remain unconvinced the industry is out of the woods after a series of bank failures since March. See related article: Fed hikes rates by a quarter point, Bitcoin drops 0.48% Crypto Image: Envato Elements Bitcoin moved back above the US$29,000 resistance line, gaining 1.23% to US$29,032 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The world\x92s largest cryptocurrency has gained 2.12% over the past seven days and breached its 20-day moving average. Bitcoin is up 75% for the year to date and Standard Chartered Bank has forecast it may hit US$60,000 this year, considering the banking problems in the U.S. could convince some investors of Bitcoin\x92s role as a safe haven. Ether, the second-largest token, gained 1.84% to US$1,905, up 2.06% for the week. The rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Polygon\x92s Matic led the winners, rising 2.99% to US$1.01 and bumping up its weekly gains by 2.03%. On Wednesday, Polygon said it added updates to its network to improve use of decentralized applications, or dApps. Ripple dipped 0.32% to US$0.4635. Memecoins such as Dogecoin and Shiba Inu have also gained this year and Gordon Grant, co-head of trading at digital currency prime brokerage Genesis Trading, said failing banks could be a reason. \x93The rise of meme coins amid a full-on banking crisis is not necessarily surprising.\xa0Amidst unstable banking systems, individuals may question the validity of their deposits and even the meaning of money,\x94 Grant said in emailed comments. Story continues \x93If bank deposits can theoretically evaporate overnight, it shouldn\x92t be a surprise that there is a marginal propensity to put money into a token with no obvious use-case other than the chance of selling at a higher price later.\x94 The total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume gained 19.42% to US$41.97 billion. NFTs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.69% to 3,648.07 in the 24 hours to 8:00 a.m. in Hong Kong, falling 1.65% for the week. \x93I think it\x92s related to gas [fees]. It\x92s very high today and people were making comments about it when minting (or choosing to not mint because of it),\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs. In other NFT developments, South Korea\x92s leading blockchain game maker Wemade launched the Bored Ape Golf Club (BAGC) NFT collection on its platform on Wednesday. The golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year, according to Wemade\x92s press release. Wemade, established in 2000, services several play-to-earn video games globally including MIR4 , and recorded over US$83 million in sales in Q4 of 2022. And on Wednesday, U.S. prosecutors fired off a warning to NFT trading platforms in charging Nathaniel Chastain, the former head of product at the OpenSea NFT marketplace, with money laundering and fraud in what they called the \x93first ever digital asset insider trading scheme.\x94 Equities Federal Reserve Chair Jerome H. Powell \| Image: Getty Images U.S. stock futures fell as of 8:00 a.m. in Hong Kong. Dow Jones Industrial Average futures lost 0.41%, the S&P 500 futures index dipped 0.37%, and the Nasdaq-100 futures edged down 0.03%. The three indexes all closed lower in regular Wednesday trading. The U.S. Federal Reserve hiked interest rates by the expected 25 basis points to between 5 and 5.25%, the highest level since 2006. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. The inflation rate in March was at 5%, according to the U.S. Bureau of Statistics. In announcing the increase the central bank\x92s chairman Jerome Powell damped down expectations that the Fed is now set to pause its policy of raising rates, saying the bank is\xa0 \x93prepared to do more if greater monetary policy restraint is warranted,\x94 during a press conference. Nigel Green, the chief executive officer of financial advisory company deVere Group, said raising rates amid the brewing uncertainty about the health of U.S. banks is a mistake and could push the world\x92s largest economy into a longer-term recession. \x93First, the crisis within the US financial system is still not over. There remain serious and legitimate concerns that after a string of bank failures, there could be more to come,\x94 Green said in an emailed statement. Another U.S. inflation indicator is due this week when job numbers for April are released on Friday. See related article: Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm', 'LONDON, UK / ACCESSWIRE / May 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for April 2023. During the month of April, Argo mined 144 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.8 BTC per day. This is a decrease of 8% compared to the 5.2 BTC per day produced in March 2023. The decrease in BTC production is primarily driven by an 8% sequential increase in the average network difficulty during the month of April. As of 30 April 2023, the Company held 83 Bitcoin or Bitcoin Equivalents. The Company\'s total hashrate capacity continues to be 2.5 EH/s. In Q3 2023, the Company expects to begin installation of 2,870 BlockMiner machines from ePIC Blockchain Technologies at its Quebec facilities. This represents an incremental 0.3 EH/s of hashrate capacity and will increase the Company\'s total hashrate capacity to 2.8 EH/s. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in April amounted to $4.17 million [£3.35 million], an increase of 3% over the prior month (March 2023: $4.05 million [£3.28 million]). Inside Information and Forward-Looking Statements This announcement contains inside information and includes forward-looking statements which reflect the Company\'s current views, interpretations, beliefs or expectations with respect to the Company\'s financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company operates. Statements which include the words "remains confident", "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue", "estimate", "future", "opportunity", "potential" or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties because they relate to events that may or may not occur in the future, including the risk that the Company may receive the benefits contemplated by its transactions with Galaxy, the Company may be unable to secure sufficient additional financing to meet its operating needs, and the Company may not generate sufficient working capital to fund its operations for the next twelve months as contemplated. Forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause the Company\'s actual results, prospects and performance to differ materially from those indicated in these statements. In addition, even if the Company\'s actual results, prospects and performance are consistent with the forward-looking statements contained in this document, those results may not be indicative of results in subsequent periods. These fo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $562,300,669,362 - Hash Rate: 351888475.1483047 - Transaction Count: 491123.0 - Unique Addresses: 680011.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks rallied on Wednesday as investors eyed the end of an eventful month and first quarter of the year marked by resiliency in the face of a bank crisis and looming questions about the global economy. At the closing bell, the S&P 500 ( ^GSPC ) was up 1.1%, the Dow Jones Industrial Average ( ^DJI ) was higher by 1%, and the tech-heavy Nasdaq Composite ( ^IXIC ) led gains, rising 1.8%. With the first quarter set to wrap up Friday, the Nasdaq is sitting on gains north of 13%, the S&P 500 is up more than 4.5% so far this year, and the Dow is lagging, falling 1.3% in 2023. This relative performance is a reversal from what was seen last year, when the Nasdaq fell nearly 30%, the S&P 500 lost over 18%, and the Dow fell a more modest 9%. The price of crude oil was volatile on Wednesday, trading below $73 after having changed hands north of $74 earlier in morning trade. The 10-year yield stood near 3.55%. Bitcoin ( BTC-USD ) was also notably higher, rising more than 5% to trade north of $28,000. So far this year, bitcoin has gained more than 70%. Wednesday's move higher in the major averages came amid a somewhat slower calendar for corporate and economic news, with earnings last night from Micron Technology ( MU ) and Lululemon ( LULU ) serving as the key highlights during the trading session. Micron shares were up more than 7% on Wednesday after the chip giant last night suggested the battered chip business could be turning a corner, with CEO Sanjay Mehrotra telling investors "we are close to a transition to sequential revenue growth in our quarterly results." Micron reported revenues for its fiscal second quarter on Tuesday that were down about 10% from the prior quarter and more than 50% lower than the same period last year. Mehrotra also called out the potential positive impacts that recent investor enthusiasm around AI advances could have on the industry, telling investors: "Recent developments in artificial intelligence (AI) provide an exciting prelude to the transformational capabilities of large language models, or LLMs, such as ChatGPT, which require significant amounts of memory and storage to operate. We are only in the very early stages of the widespread deployment of these AI technologies and potential exponential growth in their commercial use cases." Story continues Lululemon shares, meanwhile, were up more than 12% on Wednesday after reporting top and bottom line results that beat estimates , with revenue rising 30% in the fourth quarter as comparable store sales rose 27%. On the economic data side, data on pending home sales from the National Association of Realtors showed homes under contract rose for the third-straight month in February. A Lululemon sign is seen at a shopping mall in San Diego, California, U.S., November, 23, 2022. REUTERS/Mike Blake (Mike Blake / reuters) Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable "federations."\n"Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend to do it," Fedi CEO and co-founder Obi Nwosu toldDecrypt.\nFedimint federationsare a cryptographic Bitcoin tool that allows users to set up communities—which could be made up of friends, neighbors, businesses, or any other loosely coupled group of people—for custodying Bitcoin and Lightning together.\nStepping back for a minute, Bitcoin stands out from traditional digital money because it allows users to have control of their assets, rather than trust them in the hands of a third party. It’s kind of like digital cash. But, most users end up storing their money on exchanges or custodial wallets anyway because self-custody takes time to learn.\nLightning Labs Aims to Help \'Bring Bitcoin to Billions\' With Latest Upgrade\nFedi wants to use federations to provide a way of using Bitcoin that\'s easy, and gives users more security than traditional Bitcoin wallets. It works because rather than just one custodian being in charge, the Fedimint protocol allows power to be distributed amongst a number of custodians, making it harder for any single entity to run off with the funds.\n"The main advantages of the Fedimint protocol are that it provides an incredibly powerful yet simple way to use Bitcoin without requiring a single point of trust or control, it allows Bitcoin to scale to billions of users, and it enables builders to extend the functionality of the Bitcoin ecosystem more powerfully and easily than current smart contract, DeFi, and Web3 solutions on alternative blockchains," Nwosu said.\nWhat You Need to Know About the Bitcoin \'Privacy War\'\nAdditionally, Fedi claims to provide more privacy than the most popular Bitcoin wallets. Under the hood, the Fedimint protocol obscures who\'s a part of a federation and how much Bitcoin each user has, so that the custodians can’t see any of these details.\nFedi also has plans to go beyond Bitcoin with a "federated operating system" that would allow "a Fedi user to take control of their money and data by utilizing one or more trusted federations of their choosing,” Nwosu said.\n"One of Fedi\'s in-built features will be a wallet, but chat, web browsing, and application execution will also be significant capabilities," he added. The team plans to release an Alpha version of its product geared towards developers by the end of the month.', 'Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable "federations." "Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend to do it," Fedi CEO and co-founder Obi Nwosu told Decrypt . Fedimint federations are a cryptographic Bitcoin tool that allows users to set up communities—which could be made up of friends, neighbors, businesses, or any other loosely coupled group of people—for custodying Bitcoin and Lightning together. Stepping back for a minute, Bitcoin stands out from traditional digital money because it allows users to have control of their assets, rather than trust them in the hands of a third party. It’s kind of like digital cash. But, most users end up storing their money on exchanges or custodial wallets anyway because self-custody takes time to learn. Lightning Labs Aims to Help \'Bring Bitcoin to Billions\' With Latest Upgrade Fedi wants to use federations to provide a way of using Bitcoin that\'s easy, and gives users more security than traditional Bitcoin wallets. It works because rather than just one custodian being in charge, the Fedimint protocol allows power to be distributed amongst a number of custodians, making it harder for any single entity to run off with the funds. "The main advantages of the Fedimint protocol are that it provides an incredibly powerful yet simple way to use Bitcoin without requiring a single point of trust or control, it allows Bitcoin to scale to billions of users, and it enables builders to extend the functionality of the Bitcoin ecosystem more powerfully and easily than current smart contract, DeFi, and Web3 solutions on alternative blockchains," Nwosu said. What You Need to Know About the Bitcoin \'Privacy War\' Story continues Additionally, Fedi claims to provide more privacy than the most popular Bitcoin wallets. Under the hood, the Fedimint protocol obscures who\'s a part of a federation and how much Bitcoin each user has, so that the custodians can’t see any of these details. Fedi also has plans to go beyond Bitcoin with a "federated operating system" that would allow "a Fedi user to take control of their money and data by utilizing one or more trusted federations of their choosing,” Nwosu said. "One of Fedi\'s in-built features will be a wallet, but chat, web browsing, and application execution will also be significant capabilities," he added. The team plans to release an Alpha version of its product geared towards developers by the end of the month.', 'Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable "federations."\n"Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend to do it," Fedi CEO and co-founder Obi Nwosu toldDecrypt.\nFedimint federationsare a cryptographic Bitcoin tool that allows users to set up communities—which could be made up of friends, neighbors, businesses, or any other loosely coupled group of people—for custodying Bitcoin and Lightning together.\nStepping back for a minute, Bitcoin stands out from traditional digital money because it allows users to have control of their assets, rather than trust them in the hands of a third party. It’s kind of like digital cash. But, most users end up storing their money on exchanges or custodial wallets anyway because self-custody takes time to learn.\nLightning Labs Aims to Help \'Bring Bitcoin to Billions\' With Latest Upgrade\nFedi wants to use federations to provide a way of using Bitcoin that\'s easy, and gives users more security than traditional Bitcoin wallets. It works because rather than just one custodian being in charge, the Fedimint protocol allows power to be distributed amongst a number of custodians, making it harder for any single entity to run off with the funds.\n"The main advantages of the Fedimint protocol are that it provides an incredibly powerful yet simple way to use Bitcoin without requiring a single point of trust or control, it allows Bitcoin to scale to billions of users, and it enables builders to extend the functionality of the Bitcoin ecosystem more powerfully and easily than current smart contract, DeFi, and Web3 solutions on alternative blockchains," Nwosu said.\nWhat You Need to Know About the Bitcoin \'Privacy War\'\nAdditionally, Fedi claims to provide more privacy than the most popular Bitcoin wallets. Under the hood, the Fedimint protocol obscures who\'s a part of a federation and how much Bitcoin each user has, so that the custodians can’t see any of these details.\nFedi also has plans to go beyond Bitcoin with a "federated operating system" that would allow "a Fedi user to take control of their money and data by utilizing one or more trusted federations of their choosing,” Nwosu said.\n"One of Fedi\'s in-built features will be a wallet, but chat, web browsing, and application execution will also be significant capabilities," he added. The team plans to release an Alpha version of its product geared towards developers by the end of the month.', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 May 2023 - BingX, one of the leading cryptocurrency exchange, is pleased to announce that it has initiated research on BRC-20 , an emerging token standard on blockchain. The recent popularity of the BRC-20 token standard of Bitcoin, particularly after the recent rise of the memecoin, has resulted in the creation of over 8,000 unique tokens using the BRC-20 standard, with the majority of them being memecoins like Ordinals ($ ORDI ) and Memetic ($MEME). In comparison to the hundreds of thousands of ERC-20 tokens on Ethereum to only 8,000 BRC-20, the BingX research team is committed to conducting thorough analyses of various BRC20 projects. It is crucial that the research is carried out promptly to ensure that BingX traders have a strategic advantage while also providing them with a safe investing experience. "Our team is excited to embark on this journey to research BRC20 token standard. Our goal is to provide our traders with access to the most innovative tokens in the market while ensuring their financial safety," said Elvisco Carrington, PR and Communications Director of BingX. BingX is committed to identifying promising BTC NFT projects and forging partnerships with them, ensuring that top BRC20 coins are well-audited. Our mission is to equip our traders with the best tools and knowledge to make informed investment decisions. Stay tuned for further updates from BingX as we continue to research and explore new ways to provide our traders with the best possible trading experience. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA, an engine for trading analysis and investment guidance. Find the latest analysis that includes fundamental analysis and Ordi price prediction here. Contact Details BingX Elvisco [email protected] View source version on newsdirect.com: https://newsdirect.com/news/bingx-takes-up-research-for-brc-20-coins-listing-878271120 View comments', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 May 2023 - BingX, one of the leading cryptocurrency exchange, is pleased to announce that it has initiated research on BRC-20 , an emerging token standard on blockchain. The recent popularity of the BRC-20 token standard of Bitcoin, particularly after the recent rise of the memecoin, has resulted in the creation of over 8,000 unique tokens using the BRC-20 standard, with the majority of them being memecoins like Ordinals ($ ORDI ) and Memetic ($MEME). In comparison to the hundreds of thousands of ERC-20 tokens on Ethereum to only 8,000 BRC-20, the BingX research team is committed to conducting thorough analyses of various BRC20 projects. It is crucial that the research is carried out promptly to ensure that BingX traders have a strategic advantage while also providing them with a safe investing experience. "Our team is excited to embark on this journey to research BRC20 token standard. Our goal is to provide our traders with access to the most innovative tokens in the market while ensuring their financial safety," said Elvisco Carrington, PR and Communications Director of BingX. BingX is committed to identifying promising BTC NFT projects and forging partnerships with them, ensuring that top BRC20 coins are well-audited. Our mission is to equip our traders with the best tools and knowledge to make informed investment decisions. Stay tuned for further updates from BingX as we continue to research and explore new ways to provide our traders with the best possible trading experience. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA, an engine for trading analysis and investment guidance. Find the latest analysis that includes fundamental analysis and Ordi price prediction here. Contact Details BingX Elvisco [email protected] View source version on newsdirect.com: https://newsdirect.com/news/bingx-takes-up-research-for-brc-20-coins-listing-878271120 View comments', 'Israeli authorities have seized roughly 190 Binance accounts with alleged ties to terrorist groups such as Hamas and Daesh since 2021, Reuters reported Thursday. The report cites never-before-published documents from Israel\'s National Bureau for Counter Terror Financing (NBCTF), a counter-terrorism division of the Israeli Defense Ministry. According to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces. Israeli authorities seized the funds to "thwart the activity" of Daesh and "impair its ability to further its goals," the NBCTF said on its website. The NBCTF did not immediately respond to CoinDesk\'s request for comment. Israeli law permits the country\'s defense minister to order the confiscation of terrorist-affiliated assets, as determined by the Israeli ministry. Anti-Money laundering missteps Binance came under fire last year for policies that critics say encouraged the exchange\x92s users to flout its money laundering controls. Since 2017, the exchange has processed more than $10 billion in payments executed by criminal enterprises and other bad actors attempting to circumvent U.S. sanctions, Reuters reported. Binance says it complies with all regulators to ensure its platform is not accessible to terrorist and other nefarious actors. It also said that it must go through a long process to determine whether an individual account actually has clear ties to any criminal organizations. "With regard to the specific organizations mentioned in the article, it\x92s important to clarify that bad actors don\x92t register accounts under the names of their criminal enterprises,\x94 the company said Thursday in a public response to the Reuters report. \x93This is why our team collaborates with law enforcement, and leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations.\x94 Story continues The exchange has a 700-member compliance team that processes 1,300 law enforcement requests on a weekly basis," Binance VP of Global Intelligence and Investigations Tigran Gambaryan told CoinDesk at Consensus 2023 in April. Daesh resurgence Daesh has seen a resurgence in southern Syria since last year, according to the Middle East Institute. The once-sprawling caliphate controlled between 100,000 and 110,000 sq. kilometers of land across Syria and Iraq at its peak in late 2014. That area shrank to roughly 4,000 sq. kilometers after a series of armed conflicts with American and other military groups forced the group to retreat. Daesh abandoned its last stronghold in Baghuz, Syria in 2019. See also: Hamas\' Military Wing to Stop Accepting Bitcoin Donations: Report', 'Israeli authorities have seized roughly 190 Binance accounts with alleged ties to terrorist groups such as Hamas and Daesh since 2021, ReutersreportedThursday.\nThe report cites never-before-publisheddocumentsfrom Israel\'s National Bureau for Counter Terror Financing (NBCTF), a counter-terrorism division of the Israeli Defense Ministry.\nAccording to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces.\nIsraeli authorities seized the funds to "thwart the activity" of Daesh and "impair its ability to further its goals," the NBCTF said on its website.\nThe NBCTF did not immediately respond to CoinDesk\'s request for comment.\nIsraeli law permits the country\'s defense minister to order the confiscation of terrorist-affiliated assets, as determined by the Israeli ministry.\nBinance came under fire last year for policies that critics say encouraged the exchange’s users to flout its money laundering controls. Since 2017, the exchange has processed more than $10 billion in payments executed by criminal enterprises and other bad actors attempting to circumvent U.S. sanctions, Reuters reported.\nBinance says it complies with all regulators to ensure its platform is not accessible to terrorist and other nefarious actors. It also said that it must go through a long process to determine whether an individual account actually has clear ties to any criminal organizations.\n"With regard to the specific organizations mentioned in the article, it’s important to clarify that bad actors don’t register accounts under the names of their criminal enterprises,” the company said Thursday in a public response to the Reuters report. “This is why our team collaborates with law enforcement, and leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations.”\nThe exchange has a 700-member compliance team that processes 1,300 law enforcement requests on a weekly basis," Binance VP of Global Intelligence and Investigations Tigran Gambaryan told CoinDesk at Consensus 2023 in April.\nDaesh has seen aresurgencein southern Syria since last year, according to the Middle East Institute.\nThe once-sprawling caliphate controlled between 100,000 and 110,000 sq. kilometers of land across Syria and Iraq at its peak in late 2014. That area shrank to roughly 4,000 sq. kilometers after a series of armed conflicts with American and other military groups forced the group to retreat. Daesh abandoned its last stronghold in Baghuz, Syria in 2019.\nSee also:Hamas\' Military Wing to Stop Accepting Bitcoin Donations: Report', "Bitcoin users are experiencing a surge in transaction fees as the network becomes more congested with activity. According to data from Bitinfocharts, the average transaction fee on Bitcoin reached over $7 on Thursday, the highest level since June 2021.\nOne of the reasons for the higher fees is the increased demand for BRC-20 tokens, a new type of asset that is created and stored on the Bitcoin blockchain. BRC-20 tokens use a technique called ordinal inscriptions to attach data to individual satoshis, the smallest unit of a bitcoin. These satoshis can then represent anything from digital art ownership to meme tokens.\nCreating and transferring BRC-20 tokens requires more data than a regular Bitcoin transaction, which means they take up more space on the blockchain. This leads to more competition for block space and higher fees for users who want their transactions confirmed faster. Some critics argue that ordinals and BRC-20 tokens go against the original vision of Bitcoin as a simple and efficient peer-to-peer electronic cash system.\nBitcoin's high fees may deter some users from using the network, especially for small or frequent transactions. However, some solutions have been developed to address this issue, such as the Lightning Network, a second-layer protocol that enables fast and cheap off-chain transactions.", "Ordinal Inscriptions and BRC-20 Tokens Cause Bitcoin Fee Spike Ordinal Inscriptions and BRC-20 Tokens Cause Bitcoin Fee Spike Bitcoin users are experiencing a surge in transaction fees as the network becomes more congested with activity. According to data from Bitinfocharts, the average transaction fee on Bitcoin reached over $7 on Thursday, the highest level since June 2021. One of the reasons for the higher fees is the increased demand for BRC-20 tokens, a new type of asset that is created and stored on the Bitcoin blockchain. BRC-20 tokens use a technique called ordinal inscriptions to attach data to individual satoshis, the smallest unit of a bitcoin. These satoshis can then represent anything from digital art ownership to meme tokens. Creating and transferring BRC-20 tokens requires more data than a regular Bitcoin transaction, which means they take up more space on the blockchain. This leads to more competition for block space and higher fees for users who want their transactions confirmed faster. Some critics argue that ordinals and BRC-20 tokens go against the original vision of Bitcoin as a simple and efficient peer-to-peer electronic cash system. Bitcoin's high fees may deter some users from using the network, especially for small or frequent transactions. However, some solutions have been developed to address this issue, such as the Lightning Network, a second-layer protocol that enables fast and cheap off-chain transactions.", "Bitcoin users are experiencing a surge in transaction fees as the network becomes more congested with activity. According to data from Bitinfocharts, the average transaction fee on Bitcoin reached over $7 on Thursday, the highest level since June 2021.\nOne of the reasons for the higher fees is the increased demand for BRC-20 tokens, a new type of asset that is created and stored on the Bitcoin blockchain. BRC-20 tokens use a technique called ordinal inscriptions to attach data to individual satoshis, the smallest unit of a bitcoin. These satoshis can then represent anything from digital art ownership to meme tokens.\nCreating and transferring BRC-20 tokens requires more data than a regular Bitcoin transaction, which means they take up more space on the blockchain. This leads to more competition for block space and higher fees for users who want their transactions confirmed faster. Some critics argue that ordinals and BRC-20 tokens go against the original vision of Bitcoin as a simple and efficient peer-to-peer electronic cash system.\nBitcoin's high fees may deter some users from using the network, especially for small or frequent transactions. However, some solutions have been developed to address this issue, such as the Lightning Network, a second-layer protocol that enables fast and cheap off-chain transactions.", 'OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development.\nAccording to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism.\nOpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions.', 'Bitcoin and Open Source Software Development Non-Profit OpenSats Receives $10 Million from Jack Dorsey\x92s #startsmall Bitcoin and Open Source Software Development Non-Profit OpenSats Receives $10 Million from Jack Dorsey\x92s #startsmall OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development. According to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism. OpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions. View comments', 'OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development.\nAccording to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism.\nOpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions.', "U.S. Presidential Candidate Robert F. Kennedy Jr. to Appear at Bitcoin 2023 Conference U.S. Presidential Candidate Robert F. Kennedy Jr. to Appear at Bitcoin 2023 Conference Robert F. Kennedy Jr., a Democrat and son of the late Senator Robert F. Kennedy, is running for president in 2024. During his campaign announcement rally in Boston, Kennedy said he wanted to challenge the corporate power that has corrupted the government and threatened the liberties of the people. Kennedy is a lawyer and an author who has been outspoken against COVID-19 restrictions and vaccines. He is one of two Democrats who are challenging President Joe Biden in the primary, along with Marianne Williamson, a self-help author. The most recent polls have Kennedy polling at around 20% against Biden and Williamson. Notably, Kennedy's campaign has received some attention from the crypto community, as he shared a blog post by Ellen Brown, who wrote about the government's war on crypto. Additionally, Kennedy recently pushed back against the supposed environmental concerns around bitcoin mining in a tweet thread. Now, Kennedy is also scheduled to attend Bitcoin 2023, a major, annual event for Bitcoin enthusiasts. View comments", "Robert F. Kennedy Jr., a Democrat and son of the late Senator Robert F. Kennedy, is running for president in 2024. During his campaign announcement rally in Boston, Kennedy said he wanted to challenge the corporate power that has corrupted the government and threatened the liberties of the people.\nKennedy is a lawyer and an author who has been outspoken against COVID-19 restrictions and vaccines. He is one of two Democrats who are challenging President Joe Biden in the primary, along with Marianne Williamson, a self-help author. The most recent polls have Kennedy polling at around 20% against Biden and Williamson.\nNotably, Kennedy's campaign has received some attention from the crypto community, as he shared a blog post by Ellen Brown, who wrote about the government's war on crypto. Additionally, Kennedy recently pushed back against the supposed environmental concerns around bitcoin mining in a tweet thread. Now, Kennedy is also scheduled to attend Bitcoin 2023, a major, annual event for Bitcoin enthusiasts.", "Robert F. Kennedy Jr., a Democrat and son of the late Senator Robert F. Kennedy, is running for president in 2024. During his campaign announcement rally in Boston, Kennedy said he wanted to challenge the corporate power that has corrupted the government and threatened the liberties of the people.\nKennedy is a lawyer and an author who has been outspoken against COVID-19 restrictions and vaccines. He is one of two Democrats who are challenging President Joe Biden in the primary, along with Marianne Williamson, a self-help author. The most recent polls have Kennedy polling at around 20% against Biden and Williamson.\nNotably, Kennedy's campaign has received some attention from the crypto community, as he shared a blog post by Ellen Brown, who wrote about the government's war on crypto. Additionally, Kennedy recently pushed back against the supposed environmental concerns around bitcoin mining in a tweet thread. Now, Kennedy is also scheduled to attend Bitcoin 2023, a major, annual event for Bitcoin enthusiasts.", "Defined as new technology that seeks to improve and automate the delivery and use of financial services, the financial technology (fintech) market is forecasted to be valued at around $700 billion by 2030 with a compound annual growth rate (CAGR) of over 20%.\nCurrently valued at\xa0upwards of $200 billion, it would be no surprise if the fintech market becomes a trillion-dollar industry in the distant future as innovation continues among financial services. This makes many fin tech stocks intriguing investments, especially for longer-term investors.\nPayPal’s Revolution\nAs a brief synopsis, fintech companies strive to simplify and digitalize banking services, payment processing, peer-to-peer lending and payments, financial software, and other financial services.\nPayPal (PYPL) is a prime example of such digitalization and how fintech companies make financial services much more convenient for consumers. Landing a Zacks Rank #3 (Hold) there may still be better buying opportunities ahead but last year's selloff in PayPal stock has made the financial payment innovator more attractive from a valuation standpoint.\nPreviously owned by eBay (EBAY) before its spinoff in 2015, the growth of online e-commerce payments is someone attributed to PayPal. As the internal catalyst to eBay’s online payment growth, Amazon (AMZN) and others followed suit.\nDespite giving back some of the gains since its 2015 IPO, PayPal stock is still up +94%. This has trailed the Nasdaq but is near the S&P 500’s performance and outperformed its former parent company eBay.\nImage Source: Zacks Investment Research\nPayPal has become one of the largest online payment solution providers and is responsible for making the process much easier for consumers during its early eBay days and the rise of the internet. Prior to this, the frequent use of mailed in checks to pay for purchased items on the internet became time insensitive, outdated, and incompatible with online purchases.\nAlthough there is increasing competition, PayPal’s growth story is far from over. Based on Zacks estimates PayPal’s earnings are forecasted to jump 18% in FY23 and climb another 16% in FY24 at $5.69 per share.\nImage Source: Zacks Investment Research\nMore impressive, fiscal 2024 would represent a very stellar 132% growth in EPS since the pandemic with 2019 earnings at $2.45 per share. PayPal’s top-line expansion also supports its earnings potential with sales forecasted to rise 6% this year and jump another 9% in FY24 to $31.85 billion.\nTrading at $72 per share and 14.5X forward earnings, Wall Street's concerns of a high premium being paid for PayPal stock have faded. Better still, PayPal now offers a 45% discount to its industry average of 41.1X forward earnings and trades nicely beneath the S&P 500’s 18.8X.\nImage Source: Zacks Investment Research\nQuieting the premium fears in recent years, PayPal now trades 83% below its decade-long high of 87.8X and at a 67% discount to the median of 43.7X.\nPayPal’s ability to reconfirm its anticipated annual growth in its upcoming first quarter report on May 8 will be key for more upside in PYPL stock. With that being said, holding on to shares at current levels appears to be a keen way to get in on fintech expansion.\nVisa & Mastercard’s Transformation\nWorthy of consideration for exposure to the growth of fintech is Visa (V) & Mastercard MA which both sport a Zacks Rank #2 (Buy) and their top and bottom lines are naturally light years ahead of newer and smaller fintech competitors.\nNewer start-up companies are often thought of in regards to fintech more so than these payment card giants but their impact on financial technology services shouldn’t be overlooked. This is especially true when considering Visa & Mastercard’s reliability to consumers and their very strong stock performances over the last decade.\nImage Source: Zacks Investment Research\nFurthermore, innovation and expansion in the fintech space is a way for Visa and Mastercard to continue their growth as larger mature companies.\nSpecifically, Visa and Mastercard have to be recognized as their solutions in the digital wallet are as widely accepted for online shopping as their debit and credit cards are globally. Through Visa Checkout and MasterCard’s MasterPass, both companies have transformed themselves outside of plastic and evolved with the trend and digital age of consumer shopping.\nThis should help preserve and expand their top and bottom line figures for years to come. Trading at $354 a share, Mastercard sales are forecasted to rise 13% this year to $25.16 billion with earnings expected to climb 15% at $12.26 per share. Fiscal 2024 sales and earnings are anticipated to jump another 12% and 17% respectively.\nImage Source: Zacks Investment Research\nPivoting to Visa which trades at $225 a share, earnings are expected to be up 14% in FY23 at $8.57 per share with sales rising 11% this year to $32.47 billion. Fiscal 2024 sales and earnings are projected to rise another 11% and 13% respectively.\nImage Source: Zacks Investment Research\nBlock & Bitcoin\nAlong with PayPal, one of the more popular names in the fintech space is Block (SQ), formerly Square. Founded in 2009 and publicly traded since 2015 Block’s notoriety came with the Square Reader, the company’s first product which simplifies point-of-sale transactions by connecting to a mobile device’s auto jack.\nBlock's Square Reader has been influential for smoother person-to-person transactions and has assisted small business owners in simplifying the payment process along with its larger Square Register.\nOutside of hardware products, Block's cash app has been innovative regarding money transfers with the company also implementing banking, lending, and bitcoin trading to its online platform.\nImage Source: Zacks Investment Research\nTrading at $60 a share and still up +370% since going public, Block’s performance has easily topped the broader indexes during this period. Block has intentionally stuck with solely providing Bitcoin services on its platform while other fintech companies such as PayPal include trading for a variety of cryptocurrencies.\nBlock’s sole emphasis on Bitcoin is that it's still the most-traded cryptocurrency and the company’s concentration may provide larger returns rather than diversifying at the moment. To that point, along with providing bitcoin trading Block has entered the crypto mining space as a manufacturer of bitcoin chips.\nImage Source: Refinitiv\nNotably, bitcoin prices have stabilized in recent months and Block may be a less expensive way to get concentrated exposure while also offering the diversification of its other financial services.\nBitcoin derives about 50% of Block’s revenue with SQ stock landing a Zacks Rank #3 (Hold) at the moment. As Block continues its course of increased profitability more upside could be ahead with earnings projected to soar 63% in FY23 at $1.63 per share compared to EPS of $1.00 in 2022. Plus, fiscal 2024 EPS is forecasted to climb another 41%.\nImage Source: Zacks Investment Research\nTakeaway\nThese companies are great illustrations of how the growth in financial technology services should intrigue investors. Considering the CAGR of the fintech market is +20%, there should be plenty of upside and growth for PayPal, Visa, Mastercard, and Block stock.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report\nMastercard Incorporated (MA) : Free Stock Analysis Report\nVisa Inc. (V) : Free Stock Analysis Report\nPayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report\nBlock, Inc. (SQ) : Free Stock Analysis Report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\neBay Inc. (EBAY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research", "Defined as new technology that seeks to improve and automate the delivery and use of financial services, the financial technology (fintech) market is forecasted to be valued at around $700 billion by 2030 with a compound annual growth rate (CAGR) of over 20%. Currently valued at\xa0upwards of $200 billion , it would be no surprise if the fintech market becomes a trillion-dollar industry in the distant future as innovation continues among financial services. This makes many fin tech stocks intriguing investments, especially for longer-term investors. PayPal’s Revolution As a brief synopsis, fintech companies strive to simplify and digitalize banking services, payment processing, peer-to-peer lending and payments, financial software, and other financial services. PayPal (PYPL ) is a prime example of such digitalization and how fintech companies make financial services much more convenient for consumers. Landing a Zacks Rank #3 (Hold) there may still be better buying opportunities ahead but last year's selloff in PayPal stock has made the financial payment innovator more attractive from a valuation standpoint. Previously owned by eBay (EBAY ) before its spinoff in 2015, the growth of online e-commerce payments is someone attributed to PayPal. As the internal catalyst to eBay’s online payment growth, Amazon (AMZN ) and others followed suit. Despite giving back some of the gains since its 2015 IPO, PayPal stock is still up +94%. This has trailed the Nasdaq but is near the S&P 500’s performance and outperformed its former parent company eBay. Zacks Investment Research Image Source: Zacks Investment Research PayPal has become one of the largest online payment solution providers and is responsible for making the process much easier for consumers during its early eBay days and the rise of the internet. Prior to this, the frequent use of mailed in checks to pay for purchased items on the internet became time insensitive, outdated, and incompatible with online purchases. Story continues Although there is increasing competition, PayPal’s growth story is far from over. Based on Zacks estimates PayPal’s earnings are forecasted to jump 18% in FY23 and climb another 16% in FY24 at $5.69 per share. Zacks Investment Research Image Source: Zacks Investment Research More impressive, fiscal 2024 would represent a very stellar 132% growth in EPS since the pandemic with 2019 earnings at $2.45 per share. PayPal’s top-line expansion also supports its earnings potential with sales forecasted to rise 6% this year and jump another 9% in FY24 to $31.85 billion. Trading at $72 per share and 14.5X forward earnings, Wall Street's concerns of a high premium being paid for PayPal stock have faded. Better still, PayPal now offers a 45% discount to its industry average of 41.1X forward earnings and trades nicely beneath the S&P 500’s 18.8X. Zacks Investment Research Image Source: Zacks Investment Research Quieting the premium fears in recent years, PayPal now trades 83% below its decade-long high of 87.8X and at a 67% discount to the median of 43.7X. PayPal’s ability to reconfirm its anticipated annual growth in its upcoming first quarter report on May 8 will be key for more upside in PYPL stock. With that being said, holding on to shares at current levels appears to be a keen way to get in on fintech expansion. Visa & Mastercard’s Transformation Worthy of consideration for exposure to the growth of fintech is Visa (V ) & Mastercard MA which both sport a Zacks Rank #2 (Buy) and their top and bottom lines are naturally light years ahead of newer and smaller fintech competitors. Newer start-up companies are often thought of in regards to fintech more so than these payment card giants but their impact on financial technology services shouldn’t be overlooked. This is especially true when considering Visa & Mastercard’s reliability to consumers and their very strong stock performances over the last decade. Zacks Investment Research Image Source: Zacks Investment Research Furthermore, innovation and expansion in the fintech space is a way for Visa and Mastercard to continue their growth as larger mature companies. Specifically, Visa and Mastercard have to be recognized as their solutions in the digital wallet are as widely accepted for online shopping as their debit and credit cards are globally. Through Visa Checkout and MasterCard’s MasterPass, both companies have transformed themselves outside of plastic and evolved with the trend and digital age of consumer shopping. This should help preserve and expand their top and bottom line figures for years to come. Trading at $354 a share, Mastercard sales are forecasted to rise 13% this year to $25.16 billion with earnings expected to climb 15% at $12.26 per share. Fiscal 2024 sales and earnings are anticipated to jump another 12% and 17% respectively. Zacks Investment Research Image Source: Zacks Investment Research Pivoting to Visa which trades at $225 a share, earnings are expected to be up 14% in FY23 at $8.57 per share with sales rising 11% this year to $32.47 billion. Fiscal 2024 sales and earnings are projected to rise another 11% and 13% respectively. Zacks Investment Research Image Source: Zacks Investment Research Block & Bitcoin Along with PayPal, one of the more popular names in the fintech space is Block (SQ ), formerly Square. Founded in 2009 and publicly traded since 2015 Block’s notoriety came with the Square Reader, the company’s first product which simplifies point-of-sale transactions by connecting to a mobile device’s auto jack. Block's Square Reader has been influential for smoother person-to-person transactions and has assisted small business owners in simplifying the payment process along with its larger Square Register. Outside of hardware products, Block's cash app has been innovative regarding money transfers with the company also implementing banking, lending, and bitcoin trading to its online platform. Zacks Investment Research Image Source: Zacks Investment Research Trading at $60 a share and still up +370% since going public, Block’s performance has easily topped the broader indexes during this period. Block has intentionally stuck with solely providing Bitcoin services on its platform while other fintech companies such as PayPal include trading for a variety of cryptocurrencies. Block’s sole emphasis on Bitcoin is that it's still the most-traded cryptocurrency and the company’s concentration may provide larger returns rather than diversifying at the moment. To that point, along with providing bitcoin trading Block has entered the crypto mining space as a manufacturer of bitcoin chips. Refinitiv Image Source: Refinitiv Notably, bitcoin prices have stabilized in recent months and Block may be a less expensive way to get concentrated exposure while also offering the diversification of its other financial services. Bitcoin derives about 50% of Block’s revenue with SQ stock landing a Zacks Rank #3 (Hold) at the moment. As Block continues its course of increased profitability more upside could be ahead with earnings projected to soar 63% in FY23 at $1.63 per share compared to EPS of $1.00 in 2022. Plus, fiscal 2024 EPS is forecasted to climb another 41%. Zacks Investment Research Image Source: Zacks Investment Research Takeaway These companies are great illustrations of how the growth in financial technology services should intrigue investors. Considering the CAGR of the fintech market is +20%, there should be plenty of upside and growth for PayPal, Visa, Mastercard, and Block stock. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report eBay Inc. (EBAY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research", 'Bitcoin edged lower in Friday morning trading in Asia to below the US$29,000 mark following rate hikes from the European Central Bank (ECB). Ether fell below US$1,900 while most other top 10 non-stablecoin cryptocurrencies logged losses. Solana’s SOL led the losers. U.S. equity futures traded higher after Wall Street slid on Thursday amid renewed worries about the U.S. banking system and a potential recession in the economy.\nSee related article:What JPMorgan’s First Republic takeover means for the crypto industry\nBitcoin edged down 0.40% to US$28,949 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data, dipping 1.88% for the week. The world’s largest cryptocurrency has added over 70% from year to date but is down about 6.6% from its 30-day high of US$31,005 hit on April 14.\nBitcoin and other cryptocurrencies dipped as investors digested the recent interest rate hikes in theU.S.andEurope, which “could add more pressure on cryptocurrencies over the short term as some investors turn to more caution and as safer assets like treasury become more appealing,” said Denys Peleshok, Head of Asia atCPT Markets, in an emailed statement shared withForkast.\n“However, over the medium term, crypto markets could benefit from the expected pause and eventual decline in interest rates (in the U.S.),” said Peleshok, who projected the Federal Reserve’s changing rhetoric could fuel more risk-taking by investors.\nFed Chairman Jerome Powell noted his agency is prepared for further rate hikes if “greater monetary policy restraint is warranted,” sending mixed signals to the markets.\nEther dropped 1.21% to US$1,880, holding a weekly loss of 1.55%.\nMost other top 10 non-stablecoin cryptocurrencies also traded lower, with the exception of XRP and Tron, which added 0.12% and 0.48% in the past 24 hours.\nSolana’s SOL led the losers, falling 2.45% to US$21.80 and trading down 2.88% for the week.\nThe total crypto market capitalization edged down 0.71% in the past 24 hours to US$1.19 trillion. The total trading volume dropped 23.57% to US$32.38 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.74% to 3,640.20 in the 24 hours to 09:00 a.m. in Hong Kong, falling 1.83% for the week.\nThe Ethereum blockchain saw its NFT sales volume fall by over 27% in the past 24 hours, according to data fromCryptoSlam, amid increasing average transaction fees on Ethereum, which stood at US$16.74 on May 4, according to data from blockchain intelligence platformIntoTheBlock, an increase from US$3 at the beginning of the year.\nAccording to NFT data aggregator CryptoSlam, Over US$635 million of Ethereum NFT sales in April were wash trades, which made up nearly 60% of all NFT trades on the blockchain for the month. Wash trades refer to an investor acting as both the buyer and seller of a financial instrument to generate misleading trading volume and potentially manipulate prices. The practice is illegal in U.S. securities markets.\nThe current wash trades on Ethereum are primarily driven by investors farmingBlurmarketplace’s points, the platform’s loyalty system that incentivizes users’ bids and listings of NFTs, according to CryptoSlam.\n“Wash trading is expected to continue and possibly increase on Ethereum as traders use liquidity-providing tools like BenDAO, NFTfi and Blur’s new Blend lending protocol to pursue more platform rewards in Blur’s Season 2,” said Yehudah Petscher, an analyst at CryptoSlam, in a commentary.\nU.S. stock futures traded higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.24%. The S&P 500 futures gained 0.40%. And the Nasdaq Composite futures added 0.51%.\nThe three indexes closed lower on Thursday, driven by mounting worries in the U.S. banking system. PacWest Bancorp., a California-based bank, saw its share price fall over 50% on Thursday after the lender reportedly considered strategic options, including a sale, fueling a slump across multiple regional banks.\n“The continuing issues in the banking sector could fuel concerns about traditional finance’s ability to withstand financial shocks and could push more investors toward digital assets. The crypt Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $558,953,406,000 - Hash Rate: 283977798.47865146 - Transaction Count: 411429.0 - Unique Addresses: 652054.0 Social & AI Sentiment: - Fear & Greed Index: 0.61 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today This article originally appeared inFirst Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day. Bitcoin broke the $30,000 level for thefirst time since Juneon Tuesdayas March's banking turbulence fades farther into the distance and investors grow more optimistic about the Federal Reserve's monetary policy. Bitcoin was up 6% in the past 24 hours to $30,100. Trading volume, however, remains low, according to Matteo Bottacini, a trader at Crypto Finance AG. “This indicates that few are taking profits from the year-end low and new buyers are still hesitant to enter the market,” Bottacini wrote in a morning note.Crypto-related stocks also climbedon the back of bitcoin’s rise. Marathon Digital (MARA), Coinbase (COIN) and MicroStrategy (MSTR) all rose on Monday and were up further in premarket trading on Tuesday. Tyler and Cameron Winklevoss recentlylenttheir Gemini cryptocurrency exchange $100 million to support the business amid the market downturn,Bloomberg reported. The brothers provided the loan after trying to get outside investment for Gemini, Bloomberg said, citing anonymous sources. A Gemini spokesperson didn't immediately respond to a CoinDesk request for comment. The $100 million figure stands out in part because that equals the amount Gemini agreed to give some of its customers as part of the Genesis bankruptcy case. Genesis, which, like CoinDesk, is owned by Digital Currency Group, froze withdrawals in the aftermath of crypto exchange FTX's collapse last year, a decision that locked up money for customers of Gemini's Earn yield product. Millions of Aptos Labs' APT tokenswill be unlockedon Wednesday in a planned move that’s set to increase the circulating supply by 0.5%, data shows.APT rose nearly 8% in the past 24 hours, according to CoinGecko. The Aptos network has a market cap of over $2.3 billion, and the APT unlock is valued at over $50 million based on current prices. Unlocks refer to the automatic release of new tokens belonging to any blockchain network into the open market. They are often previously planned. Aptos is a blockchain that was founded by former employers of Facebook's parent company, Meta Platforms (META), after Facebook abandoned its own plans to create a blockchain-based payments network called Diem (formerly Libra). • The chart shows changes in bitcoin's 30-day rolling correlation with gold and U.S. equities since June 2021. • Bitcoin's correlation with gold has topped 50%, surpassing the cryptocurrency's positive correlation with stocks. • In other words, bitcoin's immediate prospects are more closely tied to gold than stocks. • "Combined with on-chain data showing that the share of BTC long-term holders is steadily increasing, this could indicate that the attractiveness of BTC as a safe-haven asset is on the rise," Paris-based crypto data provider Kaiko said. • Bitcoin Shorts Take on 87% of Futures Liquidations as BTC Crosses $30K • AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation • Montenegro's Central Bank to Develop CBDC Pilot With Ripple... - Reddit Posts (Sample): [['u/Normal-Knowledge4857', 'What speed to move into BTC', 13, '2023-05-05 01:42', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/', 'If hypothetically you had 500k in cash today, how would you move that into BTC? All in one go? DCA $1k a day? $10k a day?', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/', '13842l3', [['u/ElderBlade', 22, '2023-05-05 02:03', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/jiwfc2v/', 'My answer is the same if you had $10k or $1k. Buy with half now, and dca the rest.', '13842l3'], ['u/Jasonmun8', 14, '2023-05-05 02:39', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/jiwjwf2/', '100k immediately then dca 50k every 2k drop', '13842l3'], ['u/Top-Dragonfruit-8199', 14, '2023-05-05 05:07', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/jix2eo4/', 'I’d do $250k immediately. $1k every Monday auto DCA and I’d be passively watching the chart for big dips to throw $2k-$20k smash buys', '13842l3']]], ['u/thepacksvrvives', 'Season 7: everything we know so far, part 2', 50, '2023-05-05 01:46', 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/', "If you’ve somehow stumbled across part 2 first, [here is part 1](https://www.reddit.com/r/Outlander/comments/13843p4/season_7_everything_we_know_so_far_part_1/).\n\nIf you haven’t read the books or don’t want to see any spoilers, do NOT read this post.\n\n# BLOCK 5\n\nBlock 5 might be exclusively in Scotland across two different storylines: Claire, Jamie, and Ian’s visit at Lallybroch with Old Ian’s death in 1778; and Roger with Buck at 1739 Lallybroch looking for Jemmy.\n\nClaire, Jamie, and Ian will head first to Simon Fraser’s funeral (Echo, chapter 75), filmed at Kinloch Rannoch. A supporting artist who was involved shared some photos in the [comments](https://i.imgur.com/ghKZf4r.jpg) under a public Facebook post.\n\n[Credit: via SurvivedTheShows, source unknown \$1-2, 6-7\$, a supporting artist \$3-5\$.](https://preview.redd.it/iiw3mckcgwxa1.jpg?width=945&format=pjpg&auto=webp&v=enabled&s=367aef36ff5ce1dafb08e2350e3bf11fcee55468)\n\nMidhope Castle underwent some changes to accommodate the 18th-century storylines; the front yard looks slightly different than in 308 but the windows and doors are the same as we’ve seen in S1-S4. \n\n[Credit: \\_simbelmyne\\_ \$1\$, stevenwilson8743 \$2-3\$, Parkhead House \$4-5\$, stevenwilson8473 \$6-8\$.](https://preview.redd.it/4fyjwujngwxa1.jpg?width=1080&format=pjpg&auto=webp&v=enabled&s=985a86c83b878d5bf85af359306a85885ed536af)\n\n[All photos from Midhope](https://imgur.com/a/vuk1jhT).\n\nThe returning cast members were announced in October and most of them filmed that month. Additionally, the rest of the Murray siblings were cast: Kitty (Emma Rafferty), Michael (Angus Miller), and Janet (Megan Daynes). We should also see Young Jamie (Conor McCarry was followed by some cast members in October) and Maggie. Layla Burns [confirmed](https://www.spotlight.com/3418-9080-6468) she was in episode 709, so that is when we are going to see Joan again (and Laoghaire).\n\nSteven Cree mentioned in an [interview with SheKnows](https://youtu.be/O1fIYabB4ak?t=5791) that he has a “nice scene with \\[Sam\\] in Season 7” and that “the location \\[they\\] filmed in was probably the most picturesque location that \\[he filmed\\] the whole time \\[he’d\\] been on Outlander.” This is most likely the walk Jamie and Ian take in Echo, chapter 81, reminiscing about their youth together and talking about Ian’s impending death.\n\nSteven also praised Kristin Atherton (new Jenny) in [another interview](https://www.express.co.uk/showbiz/tv-radio/1727112/Outlander-season-7-Ian-Murray-Steven-Cree-return-Laura-Donnelly), saying: \n\n>And actually, Kristin \\[Atherton\\], who came in and played Jenny was so fantastic and my storylines \\[previously\\] in the show were mostly with Jamie and Claire. I never really had that much stuff with Jenny. It was fine.\n\nAs for the other 18th-century storyline, filming also took place at Kinloch Rannoch, but at the hill used for Craigh na Dun, and Richard’s trailer was spotted. The stone circle was up for a few days in September.\n\n[All photos from Kinloch Rannoch](https://imgur.com/a/bTJoxap).\n\nAndrew Whipp returned as Brian Fraser, and a [supporting artist](https://www.realpeople.co.uk/221/profile) filmed as “Brian Fraser’s housekeeper.”\n\nFilming also took place in Culross, which previously stood in for Cranesmuir. Since we’re going to see Geillis again, Meerkat Cross was once again used for the village, with the building on the right used as the exterior of her house. Richard and Diarmaid were spotted filming in the village.\n\n[Credit: Suzy Taylor \$1\$, Pati Sears-Burnett \$2-5\$, Lorelle Penman \$6-9\$, cinbin\\_ \$10-11\$.](https://preview.redd.it/p7arn790hwxa1.jpg?width=1079&format=pjpg&auto=webp&v=enabled&s=1e56bca66f65f9b36669015f2fd6506d0043fa3c)\n\nThe last two photos are of Culross Palace, which was most likely used for the interiors of Laoghaire’s house, just as in S4, in Claire and Jamie’s storyline. \n\n[All photos from Culross](https://imgur.com/a/np91e80).\n\n# BLOCK 6\n\nThe filming of the exteriors took place in Canning Street, Liverpool, as well as Chester, which both stood in for Philadelphia. It received plenty of coverage in the press and on social media.\n\n[Credit: liverpool1207 \$1-4\$, Claire Brown \$5-7\$, Andrea Livesey \$8-9\$.](https://preview.redd.it/7yyq9k09hwxa1.jpg?width=1440&format=pjpg&auto=webp&v=enabled&s=00c6877c202e84cbd2f4a13acef5ad537831ccf3)\n\n[More photos from Canning Street](https://imgur.com/a/ifNYOeQ).\n\nThe building with red features was identified as a brothel by people visiting the set. Supporting artists were involved in the scenes (filmed later in the studio) as [“Brothel upper-class Johns”](https://www.realpeople.co.uk/1411/profile) and [“Brothel High class Ladies.”](https://www.realpeople.co.uk/6565/profile) \n\n[Credit: Colin Lane \$1-4\$, Billy Vitch \$5-11\$, Andy Teebay \$12\$, soobysnax35 \$13\$.](https://preview.redd.it/eipdp3yfhwxa1.jpg?width=750&format=pjpg&auto=webp&v=enabled&s=3af46b8d868e1b95279b3afbe9fc5373b5f1da76)\n\nFrom the main cast, Sam and David were [spotted](https://twitter.com/soobysnax35/status/1590423111765479424) filming the scene after Jamie “comes back from the dead” and “kidnaps” Lord John (Echo, chapter 101). Charles was also photographed on Canning Street.\n\n[Credit: soobysnax35.](https://reddit.com/link/13845tg/video/5eus7s6ohwxa1/player)\n\nNo sign of Caitríona outside but she must’ve been there as well. John [posted](https://www.instagram.com/p/CktnMutsEG6/) from Liverpool with Izzy, so Rachel and Denny must’ve been in the scenes there too. Hugh Ross later [posted](https://www.instagram.com/p/Co5P2O3Ipcu/) photos of John, Izzy, and Charles on his Instagram, presumably from when he was shooting with them in Liverpool (Arch’s death scene–Echo, chapter 100).\n\nNo sign of either Lauren or César. Lauren was filming in the Dominican Republic at the time, so this storyline could’ve been altered, or they filmed their scenes at another time/only indoors.\n\nHenry (Harry Jarvis), Mercy Woodcock (Gloria Obianyo), and Jane Pocock (Silvia Presente) should feature in these episodes. Sam Hoare also returned as Hal Grey, Duke of Pardloe.\n\nA number of supporting artists, [male](https://www.realpeople.co.uk/8696/profile) and [female](https://www.realpeople.co.uk/1615/profile), were involved in the filming of “the Ball.” There were [artists](https://www.realpeople.co.uk/8637/profile) with dance experience who filmed a “dance scene,” which the agency described as “Girls out filming at the studio, they have been rehearsing for weeks for this“ on Facebook. That shoot has to be the Meschianza, the “extravagant farewell party to honor the commanders of the Army and Navy, General Sir William Howe and Admiral Richard Howe” organized mainly by John André, in which Claire participates in Echo, chapter 98, alongside William and LJG, sometime after receiving the news of Jamie’s “death.” There was some filming done at Croxteth Hall & Country Park in Liverpool, which could be the site of the Meschianza.\n\n[Credit: Geoffrey Smith \$1-5\$, Liverpool Film Office \$6\$.](https://preview.redd.it/61gxu6grhwxa1.jpg?width=742&format=pjpg&auto=webp&v=enabled&s=1e2457bf936d16f174b0be2988bc461cd8598f86)\n\n[All photos from Croxteth](https://imgur.com/a/Ay0UydN).\n\nThere was also some filming in Chester, primarily at Chester City Walls, where a large number of supporting artists were spotted. [All photos from Chester](https://imgur.com/a/94WHalM).\n\nA number of supporting artists were listed as “[Philadelphia travelers](https://www.realpeople.co.uk/3932/profile)” and “[Quaker men/women](https://www.realpeople.co.uk/17/profile),” who also filmed in Dalmeny. \n\nA junior carpenter working on S7 [posted](https://www.instagram.com/p/Ckt23uGM0Zr/) photos of “Jamie’s cairn.” Ian builds it in MOBY, chapter 1, in the woods between Philadelphia and Valley Forge. \n\n# BLOCK 7 & 8\n\nBetween December 2022 and February 2023, there was not much in the way of spotting the filming by locals. However, [Sophie](https://imgur.com/a/Ic4jZtO) herself posted from some night shoots at Midhope Castle.\n\nCiaron Kelly also [posted](https://www.instagram.com/p/CmMvWk_KL76/) from a night shoot in December, which coincided with the OL night shoots, but it’s uncertain whether it was the same shoot. However, as mentioned above, his agency posted about his wrapping on OL in January, so it is very likely. Ernie shows up at Lallybroch during the shoot-out in MOBY, but he could also be involved in escorting Brianna and the kids back home after the tunnel rescue.\n\nThere were also scenes with “1980s Police officers” which could either be after Jem makes it out of the tunnel, when Brianna and the kids are escorted back to Lallybroch and the police insist on checking the locks, or when Jem calls the police on Rob when he and Mandy are staying with Fiona and her kids. [One of the supporting artists](https://www.realpeople.co.uk/3633/profile) noted he’d driven a police car.\n\n[Charles](https://imgur.com/a/tXvbhc8) also filmed some night shoots at the time, at Hopetoun Estate, so it could’ve been used for other locations in addition to Lallybroch.\n\nDiarmaid Murtagh posted some photos with Richard in his S7 wrap post. He included [one](https://i.imgur.com/yJDMo10.jpg) with Sophie in Brianna’s 18th-century coat and Richard as Roger at what appeared to be the dovecot at Midhope. He deleted it a day later. Could it possibly have spoiled that Brianna reuniting with Roger in 1739 is already in S7? Brianna already has her 1980s hair there (bangs). It also looks like a bag strap across her body (Brianna carries a bag with some handy things into 1739 in the book).\n\nIn January, [supporting artists](https://www.realpeople.co.uk/67/profile) were supposed to film as “MEAN OLD MR McBIRNEY & Henchman.” No idea what this one is. There’s no character with that name nor does the word “henchman” appear in either Echo or MOBY.\n\nThe filming continued in January in Blackridge/Blackraigs and Forrestmill, with supporting artists playing both Redcoats and Continentals. \n\n[Credit: stevenwilson8473.](https://preview.redd.it/unbslw8xhwxa1.jpg?width=1080&format=pjpg&auto=webp&v=enabled&s=089607f0c51fb32031bd18f67f21bf83c7b64c5b)\n\nThere was also a “[laundry bootcamp](https://www.realpeople.co.uk/3370/profile).” “Laundry” is only specifically mentioned in the book when Jane and Fanny join William on their way out of Philadelphia. That’s where William tells them to go when he agrees to take them under his protection. \n\n[Some](https://www.realpeople.co.uk/3541/profile) [supporting](https://www.realpeople.co.uk/9800/profile) [artists](https://www.realpeople.co.uk/1904/profile) filmed a “Secret Wedding” on Feb 23rd.\n\nThe last month or so of filming seemed to be gearing up towards the Battle of Monmouth.\n\nLion Russell Baumann (Hessian Soldier) posted a [story](https://imgur.com/a/PLwmZNf) in his costume on January 12th. Hessians were involved both in the Battle of Saratoga and the Battle of Monmouth.\n\nActors Ben Cura and Wilf Scolding (Abraham Shaftstall) posted from Scotland in February. Abe Shaffstall in the book is the militiaman who shares food and drink with LJG, after LJG is discovered by Reverend Woodsworth's militia company (MOBY, chapter 51). Ben Freeman played Corporal Woodbine, who first takes custody of LJG after his fight with Jamie outside Philadelphia.\n\nHyoie O’Grady played Lieutenant Judah Bixby and followed Sam and David in January. Bixby is the young lieutenant under Jamie’s command at the Battle of Monmouth. \n\nIt appears that the show was [casting](https://t-ypo.com/media/outlander-s7-captain-jared-leckie/) the role of Captain Jared Leckie, the army surgeon who administers first aid to Claire when she’s shot at Monmouth (as far as I could find, those are only the actors that this specific agency has put forward for the audition; it’s likely that neither of them has been cast in this role). [Jack Daynes](https://www.realpeople.co.uk/3633/profile) was also a double for a Surgeon in the finale.\n\nIn his [wrap post](https://www.instagram.com/p/CpDhE8lMm1F/), Sam also appeared to be wearing a buff vest which would be a part of Jamie’s uniform as a General.\n\nMaril’s [#HeardOnSet](https://twitter.com/TallShipProds/status/1629181169261477889) on wrap day is from MOBY, chapter 65, which is the night before the Battle of Monmouth: \n\n>I slept without dreaming and without moving, until a touch of cramp in my left foot roused me enough to shift a little. Jamie raised his arm a bit, then replaced it as I settled again, and I became aware that he wasn’t asleep. \n> \n>“You . . . all right?” I murmured, thick-tongued with drowsiness. \n> \n>“Aye, fine,” he whispered, and his hand smoothed the hair from my cheek. “Go back to sleep, Sassenach. I’ll wake ye when it’s time.”\n\nHowever, there is no certainty that Sam and Caitriona were filming the season finale that day or that the line wasn’t been repurposed for another point in the story.\n\nIn a [podcast](https://open.spotify.com/episode/2HCUPMnzfwRbsW2DqxP10T?si=auzJp4X3TSGf82cWhYsbCQ) released in April, DG [mentioned](https://imgur.com/e28X0VK) the filming of a scene that sounds like the moment Claire is shot and discovered by Jamie during the Battle of Monmouth, but there is also no certainty there.\n\n# MISCELLANEOUS\n\n* Caitríona and Sam are now executive producers, named as such in[ official press releases](https://mediaroom.starz.com/news/starz-renews-worldwide-hit-series-outlander-for-eighth-and-final-season-and-greenlights-prequel-series-outlander-blood-of-my-blood).\n* The score recording started in October 2022, as per[ Erik Rigler](https://www.facebook.com/permalink.php?story_fbid=pfbid0ecEkLuPSbDTzWKqpBtcda7KzxtFa3vvr3ztrqFRU5HVGt5uCqUAPsTDwQYZVTcAEl&id=100004133505440) and[ Bruce Carver](https://www.facebook.com/TheStorysTheThing/posts/pfbid036urJSjNjjVT6ov6YMRSaEjKaJekURySENasQZKpTCscNL7NnN9xR1KHZgWvMz9e2l).\n* [Gillebride MacMillan](https://twitter.com/Gillebride/status/1606378007916060675) (Gwyllyn the Bard in S1) has written a song for S7. He[ also](https://www.thenational.scot/news/23236330.outlander-sam-heughan-fantastic-learning-gaelic-hit-show/) took over the role of the Gaelic consultant on the show from Àdhamh Ó Broin. He praised the cast: “Sam was fantastic and John Bell deserves a special mention as well for his commitment to making his pronunciation perfect” and stressed that “all the cast were really keen on making sure there was as much Gaelic as possible in the show to make it as authentic as possible.”\n* Camera operator Tony Kay posted a video from the promo/TVC shoot on[ Vimeo](https://vimeo.com/772005331); I think the couple there are Caitríona and Sam’s stand-ins/picture doubles: Valerija Jemeljanenko and John Tillett. There were also[ supporting artists](https://vimeo.com/772005331) present on Oct 19-22, shooting “Redcoats Starz Gallery” and “Starz Gallery.” Sophie also[ posted](https://imgur.com/a/47UjNth) on her IG on Oct 22nd.[ Edinburgh Black Cab Tours](https://www.instagram.com/p/Cj_J9gzMiYg/) spotted the shoot.\n* [Vanessa Coffey](https://www.curtisbrown.co.uk/client/vanessa-coffey), the intimacy coordinator, worked on episodes directed by Lisa Clarke, Joss Agnew, and Jan Matthys.\n* DG mentioned in[ this interview](https://youtu.be/mHmkEHpdNas?t=2015) that they were using the prologue of Echo.\n* Catríona has shared in[ interviews](https://youtu.be/CTjVG120vTg?t=1110) that Claire’s healing continues into S7: “Actually, what we see in the beginning of Season 7 is times \\[…\\] when Claire is going through something, she’s now learned that she has to share and by sharing with him, that stops this kind of compartmentalizing and dampening things down which are always going to rear their head later.” Also in[ Awards Daily](https://www.awardsdaily.com/2022/06/20/a-conversation-with-caitriona-balfe-outlander-and-claires-complex-season/): “She has to share, she has to speak, and you know, we’ve continued that this season. And it’s really lovely to see that —the fact that with her healing, there’s been a lot of growth as well.”\n* [Post-S6](https://variety.com/2022/tv/actors/outlander-season-6-finale-claire-jamie-1235254989/), Maril was very excited about Ian’s story in S7: “I’m so excited for where we’re going with Ian and Season 7. We’re gonna see such a great arc for him.”\n* Master Raymond returns in episode 712.\n* [All (or most) social media posts by the cast and the official account during S7 filming](https://imgur.com/a/GH23ZcD).\n* [All promotional portraits released thus far.](https://imgur.com/a/bdBZ6IX)", 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/', '13845tg', [['u/stoneyellowtree', 13, '2023-05-05 03:00', 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/jiwmgd7/', 'This is amazing! Thank you for all the work you put into this post!', '13845tg'], ['u/ScholarBitter7349', 27, '2023-05-05 03:06', 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/jiwn6pp/', 'Master Raymond returning? Omg crying screaming throwing up', '13845tg']]], ['u/ISlimedhisassout', 'I just cracked my mans girl on Accident', 31, '2023-05-05 02:46', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/', 'I gotta clear my conscience and niggas already be treating this btc like a journal so check this here. My mans girl came to my crib and my dawg was supposed meet us at me house for a smokeout since he was bringing the crud(I don\'t know why he did this remedial ass shit,he was asking for it) but to make a long story longer she said she came straight from her job at the daycare so I guess she was covered in baby spit up or sum and she asked if she could take a shower We close like that, this lil sis to me even though I used to kinda talk to her before him I really passed her to him cus I didn\'t really like her when I first met her cus she was boring , so I ain\'t think nothing of it. I told her I was going outside to grab my electric grinder out my car she can change in the master bedroom(in hindsight she coulda changed in the bathroom) and I came back and sat on my bed(I thought she had finished by now) and she came out the bathroom and walked straight into my room bucked booty ass naked she ran out and went looking for a towel but my mans was at attention 🕴cus I never seen her naked before n never even really thought of hitting her till this very moment. so as she\'s looking for a towel my mans is Hardbody 💪🏾 and as I was walking out to let her change she gripped my Woodgrain Choppa through the pants and said "If you tell him I swear to god ima kill you, you knew this was gonna happen"she then proceeded to pulled my mans out and put it in the washing machine I wanted to stop but she had already sucked a little bit so the damage was already done then the rest was history Im sick I can\'t unfuck her cus this was my mans since Mumford and we grown asl na So I hope I can take this to the grave cus he ain\'t did nothing but right by me💔', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/', '1385lf6', [['u/AffectionateBrush411', 54, '2023-05-05 03:11', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwnw4o/', 'Smh yo name dont make it no better dawg i change my mind u was in on this too', '1385lf6'], ['u/SouljiaGhoul', 10, '2023-05-05 03:21', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwp3rc/', 'I’m ngl I feel like you should tell him,just be 100 wit him like “bro she came onto me,I ain’t initiate it and I’m just letting you know cause you my dawg” and accept the consequences,cause trust me you gone be guilty asl if y’all keep just kickin it like nothing happened💀💀💀 especially when his girl around,that shit sound awkward as hell', '1385lf6'], ['u/tornadodiq', 25, '2023-05-05 03:30', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwq5xo/', 'You went past writin a journal entry. This some diary smut what tip bro', '1385lf6'], ['u/MoreRatzThanFatz', 57, '2023-05-05 03:37', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwr1zv/', '“Put it in the washing machine”🤣🤣🤣🤣🤣\n\nThe only way you can save the situation wit bro is to come clean, that would be grimey as hell to let yo mans cuff a freak like that.\n\nDont let yo mans embarrass himself like that.. loving on a freak ass hoe that a give it to his homeboys', '1385lf6'], ['u/Impressive-Bag9198', 15, '2023-05-05 03:40', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwrh25/', 'dawg silly for sayin washing machine', '1385lf6'], ['u/MoreRatzThanFatz', 25, '2023-05-05 03:41', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwrmko/', 'That’s my new lingo no cap \n\n“Baby you gone put this meat in the washing machine 😏😏😏”', '1385lf6'], ['u/GodblessScamerica', 17, '2023-05-05 03:42', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwrqce/', '😭😂😂aye I’m mad ash thinking Niggas fr till I peeped this nigga name u bored gangway I’m sick I just read all this shit😭these freak hoes be on that he a clown leaving his btc around his mans at the crib tho if this real', '1385lf6'], ['u/MoreRatzThanFatz', 17, '2023-05-05 03:51', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwsu09/', 'If you tell him first he gotta respect that. I had a similar situation happen in my old group of friends, our mans smash our other man’s gf and didn’t tell but shit hit the fan one day and she put it all on the floor. Everyone fell out after that, years later everyone is cordial now but itll never be what it once was. If that’s yo man’s you owe him that at least', '1385lf6'], ['u/BennyFrankFrank', 24, '2023-05-05 07:21', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jixfrc9/', 'You a btc lol dawg', '1385lf6'], ['u/AffectionateBrush411', 10, '2023-05-05 09:02', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jixnmoq/', 'Exactly cause she gone do the same shit one day that relationship shit gone go sour like they all do and she gone say thats why i fucced yo mans i mean you might as well tell em cause considering the kinda bitch he dealin wit it aint like he takin a loss anyway', '1385lf6'], ['u/[deleted]', 10, '2023-05-05 11:20', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jixx1rf/', 'U a terrible friend man', '1385lf6']]], ['u/Batby', 'Full timeline of the Hidjifilms accusation (And why he is most likely innocent) (Sources Included)', 230, '2023-05-05 05:10', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/', '13th July 2020 - "Changes" Music Video is made\n--\n\nThe Frank Ocean "Changes" music video file is exported. Please note as of this time There is no proof Hidjifilms was involved in the creation of this music video. Hidjifilms has directly denied any involvement with the video.\n\nSource: https://i.imgur.com/rJSNEEL.png\n\n13th January 2022 - "Taylor Swift" Music Video is made\n--\n\nThe A$AP Rocky "Taylor Swift" music video is recorded. Based on the explicit credits in the video, \n\nHidjifilms or AWGE had no involvement with the creation of this video.\n\nSource: https://i.imgur.com/p7r0qw6.png\n\n27th Febuary 2022\n--\n\n\nA seller under the name "Mr. Armor" puts up a snippet for the "Taylor Swift" Music Video with intent to sell it.\n\nSource: https://i.imgur.com/S7f3LvA.png\n\n(Apologies for the awful Kurrco post, This was orignally posted on Leakthis but has since been deleted)\n\n\n11th June 2022 - "Taylor Swift" Music Video Is Sold\n--\n\nA discord account with the name Hidji sells the "Taylor Swift" music video via BTC for $2,000 USD. This transaction did happen and can be confirmed from looking up the btc address in the screenshot. I want to note \n\nThere is no evidence the discord account used in the transaction is actually Hidjifilms. \n\nAlso worth noting that if a discord account changes their name and avatar, previous messages will reflect these changes while still providing the original date of the message posted.\n\nAlso worth noting this pretty damning point, \n\nThe photo of Hidji used as an avatar was uploaded 10/03/2023, Months after this conversation happened.\n\nHidji would have had to of used this photo for his Discord then half a year later post it to Instagram.\n--\n\n(Or the person framing him didn\'t pay attention when finding a photo of him)\n\nSource A: https://i.imgur.com/nkciwvJ.png\nSource B: https://i.imgur.com/WB6yoF5.png\n\n7th July 2022 & 9th July 2022\n--\n\nA$AP Rocky performs "Taylor Swift" at Rolling Loud Portugal and Postivus Festial. He also sold a T-Shirt themed after the song (it\'s called Wetty on the shirt, the song was offically named both titles)\n\n(I’m mentioning this as proof the video was still likely intended to release)\n\nSource: https://www.setlist.fm/setlist/aap-rocky/2022/praia-da-rocha-portimao-portugal-5bb52304.html\n\n9th July 2022 - "Taylor Swift" Music Video Leaks\n--\n\nA user named "Jacks0nz" leaks the "Taylor Swift" Music Video leaks in full. Theres a lot in this thread so heres the cliffnotes\n\n* MrArmor is accused of re-selling the track multiple times\n\n* MrArmor claims he only sold once, and that other people had and sold the song.\n\n (Note MrArmor has not been banned on site, making this likely true)\n\n\n26th July 2022 \n--\n\nA seller puts up a dozen music videos for sale, these include\n\n* A$AP Rocky - "Psycodelics"\n* A$AP Rocky - "Tony Tone" [OG]\n* Travis Scott - "Too Much Power" which is directed by Frank Ocean.\n\n(I’m mentioning this as proof that other sellers have Music Video content that relates to Rocky & Frank)\n\nSource: The post has been taken down but the date is listed on the Travis Scott Tracker and the author of that is reliable as fuck\n\n2nd May 2023 - "Changes" Music Video Leaks\n--\n\nMourningassassin & Catsup leak Frank Ocean - "Changes" Music Video in full. They directly claim Director Hidjifilms directed and sold this video.\n\nHidjifilms responds to the public accusation on Instagram. Directly claiming he didn\'t direct, edit or sell the video.\n\nSource A: https://i.imgur.com/smEOfol.png\n\nSource B: https://i.imgur.com/IxiK0aG.png\n\nSource C: https://i.imgur.com/vv9FDYO.png\n\n\n2rd May 2023\n--\n\nHidjifilms mentions the leak on Instagram again\n\nSource: https://i.imgur.com/Qt0GJo3.png\n\n4th May 2023\n--\n\nMourningassassin doubles down on the accusation, Posting the screenshot of the "Taylor Swift" transaction with Hidji\'s name in it.\n\nMourningassassin and a random frank ocean fan interact with Hidjifilms via instagram & discord. Hidjifilms \n\n* Seemingly lies to the random discord fan about having a discord account\n\n* Tells mourningcup he doesn\'t have to clear his name\n\n* Jokes about selling a unreleased 2008 Kanye West music video for $50,000\n\nIn a conversation with myself, Mourningcup refuses to state if he has any direct evidence linking any real Hidjifilms accounts to any song sales.\n\nSource A: (Frank Fan x Hidji) https://i.imgur.com/lnYydnL.png\n\nSource B: (Frank Fan 2 x Hidji) https://i.imgur.com/0oFCwXN.png\n\nSource C: (Mourningasssassin x Hidji) https://i.imgur.com/Gs1Dplm.png\n\nSource D: Mourningassassin x Me) https://i.imgur.com/GpKS1hY.png\n\n\n-----\n\nTL;DR\n--\n\nSo overall we know:\n\n\n* It is confirmed Hidjifilms did not work on the "Taylor Swift" music video.\n\n* There is no confirmation Hidjifilms worked on the "Changes" music video. \n\n* Hidjifilms directly denies that he had any involvement with the "Changes" music video.\n\n* There is no evidence connecting any verified Hidjifilms account to the discord account that sold the "Taylor Swift" music video.\n\n* The discord account that sold the "Taylor Swift" music video uses a Hidji selfie uploaded half a year after this conversation happened\n\n* Multiple sellers have AWGE associated content and music video content in general.\n\nAt this time people like OnThinIce have posts directly stating Hidjifilms has sold unreleased videos with 200k+ views when there is zero proof Hidjifilms has had any involvement. This sub is taking the word of a leaker as gospel and rumours like this can destroy peoples careers and all of this is from a Leaker who has only leaked this video and two very short, unfinished demos that he still refuses to post proof about publicly \n\nThis isn’t even the first time something like this has happened \n\n-Forza was exposed for selling two scrapped Lil Uzi Vert songs which was warped and exaggerated online to the point where a lot of people think he sold and leaked many other songs that were going to release\n\n-JetsonMade was “exposed” for selling unreleased Playboi Carti when someone with all his beats threatened to leak all of them if he didn’t comply. The song he allegedly sold isn’t even produced by Jetson and all his beats did end up leaking.\n\n-Desiigner had an album’s worth of content leaked under the name “Fuck GOOD” around the time Desiigner asked to be released from the label. Many news sources and communities said Desiigner himself leaked his upcoming album when it was just a miscellaneous compilation named by the leakers\n\nThis shit can seriously damage real artists all because people with unreleased have fun stirring shit\n\nAnd also fuck OnThinIce.\n\nUPDATE: There was an error in the timeline due to me forgetting to translate two dates, has been fixed.', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/', '1388xrf', [['u/curbsideaudio', 125, '2023-05-05 05:45', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix6mog/', 'I agree, I’m not convinced this guy had anything to do with the leak. \n\nVery thorough work, here. Thank you for putting this together!', '1388xrf'], ['u/Impressive-Egg6570', 64, '2023-05-05 06:01', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix8cs8/', 'Not reading all that. But congrats. Or sorry to hear that.', '1388xrf'], ['u/R0cketmanfromCanada', 179, '2023-05-05 06:04', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix8kxm/', 'Hidji lawyer pulled up in the sub to rep his client', '1388xrf'], ['u/Homie108', 30, '2023-05-05 06:12', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix9gpk/', 'Travis Scott has a music video directed by Frank?', '1388xrf'], ['u/Batby', 23, '2023-05-05 06:14', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix9mlv/', 'Yeah Too Much Power feat. Westside Gunn & James Blake', '1388xrf'], ['u/Batby', 23, '2023-05-05 06:16', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix9vfq/', 'Yes it is lol. Lost Forever is just the snippet name fans gave it when Travis previewed it', '1388xrf'], ['u/Batby', 99, '2023-05-05 07:03', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixe6i9/', '20 or so min of my time to help prevent a super cool artist from having baseless rumour destroy his reputation is worth to me, been a fan of his work for awhile', '1388xrf'], ['u/falumba', 12, '2023-05-05 07:08', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixen0m/', 'homer, weird unrelated animation, a dude rubbing on a hole in a pane of glass. \n\nyeah im not surprised that’s not coming out', '1388xrf'], ['u/R0cketmanfromCanada', 27, '2023-05-05 07:36', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixgyod/', 'Nah I respect it bro mfers just be saying anything to for clicks nowadays', '1388xrf'], ['u/Dgdaniel336', 21, '2023-05-05 07:38', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixh6h6/', 'You guys are so fucking bored', '1388xrf'], ['u/bape1', 47, '2023-05-05 08:35', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixlmt8/', 'that unemployed friend on a thursday night:', '1388xrf']]], ['u/SecretCryptoAcct69', '$7 Tx Fees on BTC?? Woah mama.', 12, '2023-05-05 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/', "So there I was minding my own business, about to finish my nightly triple feature watching Wall Street, The Wolf of Wall Street, and The Big Short, about to transfer some of my preciousss BTC from my CEX over to my hard wallet, when I double-checked the transaction fees... and WOAH. $7?? For a BTC transaction?? What is this, an ERC-20 token??\n\nI pulled this up just to verify:\n\nhttps://preview.redd.it/qu03ho8unxxa1.jpg?width=1853&format=pjpg&auto=webp&v=enabled&s=1a16f05e64dfe03ccefa49a5d7ef87fb4c7c173d\n\nYowza. BTC fees are UP this week. Is this all because of the BRC-20 protocols? Lots of NFTs and memes on Bitcoin's blockchain now? \n\nI'm hoping this spike will go back to normal soon and we can all get back to transferring our preciousss back to ~~hobbiton~~ our hard wallets soon. \n\nHave a great night, degens. Keep it secret, keep it safe.", 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/', '1389qwx', [['u/Parush9', 11, '2023-05-05 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/jix7urc/', 'It’s ridiculous what people are pushing into Bitcoin Blockchain . Ordinals , BRC 20 protocols do we really need them when there are plenty other chains available.', '1389qwx'], ['u/Suspicious_Army_904', 13, '2023-05-05 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/jixfecg/', "The more entertaining conundrum is watching btc maxis wrestling with both the concept of wanting to ban (censorship) ordinals of fart noises and questionable porn stored on their precious blockchain whilst also wanting to celebrate another use case for btc that doesn't require a layer 2. \n\nIts a delicious paradox that has all kinds of infighting going on where die hard maxis who were previously claiming only shitcoins dealt in worthless NFTs are now watching their holier than thou blockchain flooded with worthless jpegs driving up fees and block space lol. And there are whole crowds within the maxi space who are overjoyed to be in competition with said shitcoins as if it's an example of btc's inherent superiority.\n\nI mean, it couldn't happen to a more bipartizan bunch of people, honestly lol.", '1389qwx']]], ['u/AutoModerator', '[Daily Discussion] - Friday, May 05, 2023', 31, '2023-05-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/', '138a1hx', [['u/chrisgilesphoto', 20, '2023-05-05 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jixrtld/', "It's another Bank Failure Friday\n\nBFF is becoming a thing, soon you'll have to buy people cards and gifts like on Valentines.", '138a1hx'], ['u/GorillainLove', 19, '2023-05-05 11:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jixx2pa/', 'Who is they?', '138a1hx'], ['u/spinbarkit', 14, '2023-05-05 12:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiy2ltn/', 'evil men that want OUR MONEY', '138a1hx'], ['u/ChadRun04', 10, '2023-05-05 12:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiy3hwd/', "Jokes on them. I'm buying at this price and at the price they dump it to.\n\nHowever they too will be buying at that price, so guess I'll be fine.", '138a1hx'], ['u/DamonAndTheSea', 13, '2023-05-05 15:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiyi502/', '[Simple read on the daily.](https://www.tradingview.com/x/sGdQRZed/) Above $30k and price can run to top of the channel ($33k - $34k). A break below ~$28k would make me think price revisits $25k. \n\nThe pivots and structure here is great for traders on either side IMO. \n\nMy bias here is that there’s a [final 3rd drive](https://www.tradingview.com/x/48z03wRv/) before the larger drop and consolidation.\n\nThe [stable coin dominance RSI](https://www.tradingview.com/script/4zauaOcE-Stable-Coin-Dominance-RSI/) indicator I made is [heading towards baseline](https://www.tradingview.com/x/G6UuYfUS/) seen from the prior cycle which can be a point of caution (mind you, this is broad strokes indicator).', '138a1hx'], ['u/AbskPrhr', 13, '2023-05-05 15:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiynh1j/', 'i hate these meme coins...', '138a1hx'], ['u/Essexal', 20, '2023-05-05 18:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiza96f/', 'Closing my long from 28.2 here.\n\nI don’t need the stress over the weekend.\n\nGGs.', '138a1hx'], ['u/[deleted]', 16, '2023-05-05 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jizrfvm/', 'I sold my house this week and turned the profits into crypto. Idk if price goes up or down from here but I felt comfortable buying this week and not waiting. Already made some nice gains on it the past few days haha.', '138a1hx'], ['u/anon-187101', 20, '2023-05-05 20:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiztumr/', "Ser, this is a Bitcoin's.", '138a1hx'], ['u/Znt', 10, '2023-05-05 20:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jizurdl/', 'You are going to make so much money - you may actually end up retiring early in about 18 months.\n\nPlease no margin trading.', '138a1hx'], ['u/_TROLL', 20, '2023-05-05 23:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jj0lx9a/', '> I can\'t say here because we can\'t say Voldemort\'s name. \n\nETHEREUM. 😤\n\nIMO, the word should be whitelisted again, I understand back in 2016 or whatever when the very concept of an altcoin was somewhat new, but you should be able to talk about certain things (the ratio, dominance, ERC-20 vs BRC-20, etc) that are relevant to BTC trading. Everyone already knows what "#2" or "VitalikCoin" actually refers to anyway.', '138a1hx']]], ['u/rcnet96', 'Ya think Mashinsky shows up to Bitcoin 2023 in Miami?', 38, '2023-05-05 06:12', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/', 'I got a little message that I want to personally deliver to him.', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/', '138aaza', [['u/JustSpray7800', 24, '2023-05-05 07:49', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/jixi2gr/', 'I actually think they will. They were testing the waters at Ny when then went out on the conference and also to a NBA game. \n\nHe will be there in Miami. question is who will be waiting for him?', '138aaza'], ['u/DefiantAbalone1', 20, '2023-05-05 09:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/jixqqaj/', 'It would be a shame if someone accidentally spilled a bucket of tar and bag of feathers on him.', '138aaza'], ['u/Source_YourMom', 12, '2023-05-05 15:07', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/jiyia3y/', '….And accidentally dropped a bowling ball on his nuts', '138aaza']]], ['u/Chidori__O', 'Guys I have this great original idea for a fangame!', 38, '2023-05-05 06:27', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/', 'Okay so the premise is this takes place post DD and is an AU where Apollo doesn’t take off the eyepatch and jacket and never smiles again. \n\nEdgeworth goes to visit von Karma in prison. von Karma tells him “want to see a magic trick” and then dies! he drops the gun and edgeworth picks it up, putting his fingerprints on the murder weapon. it’s a really complicated locked room murder. the prosecutor is Godot. Here’s an example conversation. (NOTE THIS IS STILL A WORK IN PROGRESS). Prosecutor is Godot, defense is Phoenix, assistant is Edgeworth, and the witness is Kristoph Gavin\n\n> Godot: fuck you trite i never liked you \n\n> Phoenix: wait godot why not- gets coffee thrown in his face\n\n> Godot: okay witness start your testimony\n\n> Kristoph: of course godot, or should i say, mr armando?\n\n> Godot: shocked expression how did you know…\n\n> Kristoph: All in good time, now let me testify witness testimony starts\n\n> Kristoph: I was reading in my cell when I saw Edgeworth and von Karma walking\n\n> Kristoph: They started yelling at each other\n\n> Kristoph: Then he pulled out a knife and stabbed the victim!\n\n> audience in shambles\n\n> Judge: Order! Order! i guess based on this testimony, i have no choice but to declare Edgeworth gui-\n\n> SILENCE! (Phoenix uses the silence bubble here because i think it’s cool and fits his character well). everyone dramatic shocked reaction \n\n> Phoenix: the defense has the right to cross examine the witness!!!!!! \n\n> judge: okay, but if you press them too hard, you will get penalized (see i’m gonna be clever and you don’t actually have to press at all, and ALL the statements will penalize you if you press, and download bitcoin miners on your computer too)\n\n> Phoenix: crap, i can’t find the contradiction, is it over?\n\n> Edgeworth: of course not feenie, you got this, if anyone can do it, it’s the man who gave me unnecessary feelings…\n\n> Phoenix: of course! i can do it now, thank you. i just have change my thinking around. the victim died by gunshot…what could be the problem with that testimony????????\n\n> Godoy: hah, better start your first, and last cross examination trite, also go fuck your self \n\nthen the cross examination starts but i haven’t written that far yet. also there’s swearing in my game so only mature people can play it okay? and maya is canonically 17 year old in my AU and doesnt age, and mentions many times that her and Phoenix have a sibling or father/daughter relationship\n\nthere’s lots of angst and character development to this story, hope you guys got the symbolism of von karma getting shot (symbolizes him dying)\n\nwhat do you guys think? got any tips? also see if you can spot the contradiction, it’s hard ;) i made the game and i still fail this testimony a few times \n\nalso need some custom sprite makers please, can pay in exposure, need to make a cool edgy (not to be confused with edgeworth!) breakdown', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/', '138alu0', [['u/Placek15', 17, '2023-05-05 11:19', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/jixx08n/', 'This is why Capcom should hire fans', '138alu0'], ['u/otototototo', 15, '2023-05-05 12:00', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/jixzuxn/', "if it doesn't feature a 40 minute anime cutscene of aura pegging apollo i'm not interested.", '138alu0']]], ['u/rBitcoinMod', 'Daily Discussion, May 05, 2023', 28, '2023-05-05 08:02', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/137d1rs/lightning_thursday_may_04_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/', '138cheb', [['u/criptomusico', 12, '2023-05-05 08:43', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jixm7ml/', 'First comment ever. Buy Bitcoin :)', '138cheb'], ['u/escodelrio', 14, '2023-05-05 14:34', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiyeafz/', "Historical Bitcoin prices for today, May 5th:\r \n\r \n2023 - $29,123\r \n2022 - $39,691\r \n2021 - $57,501\r \n2020 - $8,900\r \n2019 - $5,824\r \n2018 - $9,827\r \n2017 - $1,512\r \n2016 - $449\r \n2015 - $237\r \n2014 - $430\r \n2013 - $116\r \n2012 - $5.1\r \n2011 - $3.3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/05/2023 is $9,027.16.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1654440987828133891).", '138cheb'], ['u/FinallySteppingIn', 11, '2023-05-05 15:53', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiyofqh/', 'Depends where you are in the world and how badly you want to stack sats.\n\nFiat mining is best. Work 40+ hours a week, cover expenses and buy BTC with the rest. DCA\n\nAside from fiat mining to stack sats I also;\nPlay a trivia game to make $5-$20 per week\n\nShake my phone daily for a streak of satoshis (up to 1k per day)\n\nWrite articles on sites like nostr and publish.ox for a few days per read!\n\n\nHave a lightning wallet to accept reddit tips!', '138cheb'], ['u/HurricaneHarvey7', 12, '2023-05-05 17:53', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiz6a28/', "I don't even care about selling, I just want to see a huge pump for the entertainment of it.", '138cheb'], ['u/HurricaneHarvey7', 10, '2023-05-05 18:20', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiza91n/', 'Anything under $30k is a good buy', '138cheb'], ['u/Umpire_State_Bldg', 10, '2023-05-05 19:54', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jizocgk/', 'Anything under $30K is a fantastic buy. Anything under $500K is a good buy.', '138cheb']]], ['u/Krykowiaky', 'The paradox of Bitcoin', 28, '2023-05-05 11:55', 'https://www.reddit.com/r/CryptoCurrency/comments/138gvql/the_paradox_of_bitcoin/', 'Bitcoin has been under 30k for many months now, even under 20k. The thing is that by now, the majority of people have already heard of this name "Bitcoin". But for some reason, they are ignoring the prices now only to come back when Bitcoin hits an ATH.\n\nThe process is like this: Bitcoin hits an all-time ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Photo by ANGELA WEISS/AFP via Getty Images) US stocks jumped on Friday as tech behemoth Apple and regional bank stocks climbed. The S&P 500 was able to close higher after four days of declines. Treasury yields soared after the US economy added 253,000 jobs in April, much more than anticipated. US stocks staged a rally Friday fronted by Apple and regional bank shares, as investors brushed aside rising bond yields sparked by an April jobs report that crushed expectations. The S&P 500 finished higher after four consecutive losses, and the Dow Jones Industrial Average piled on more than 500 points. Headlining those moves was Apple , whose shares climbed on a dividend increase , a $90 billion share-buyback plan, and rising iPhone sales that helped the company beat quarterly earnings expectations. Apple is the most heavily weighted stock on the S&P 500. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,136.37, up 1.85% Dow Jones Industrial Average : 33,674.31, up 1.65% (546.57 points) Nasdaq Composite : 12,235.41, up 2.25% Equities also found strength from a jump in regional bank shares, including PacWest and Western Alliance after sharp selloffs during the week. One bank industry group asked the Securities and Exchange Commission to stop short-seller attacks on their stocks driven by social-media speculation. Stocks powered through a surge in Treasury yields. Yields ran up as the bond market sold off following the stronger-than-expected US jobs report for April. Investors were tempering expectations for the Fed to start cutting interest rates sooner than later in 2023. The 2-year note yield , reflecting expectations for Fed moves, climbed nearly 20 basis points to 3.91%. Nonfarm payroll employment of 253,000 trounced the 180,000 estimate. The unemployment rate fell to 3.4%. "The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week. But the big revisions to the prior readings suggest the jobs market is perhaps not as strong as the latest data makes it out to be," Fawad Razaqzada, market analyst at City Index, wrote in a Friday note. While stocks rose Friday, Wall Street\'s major indexes still fell on a weekly basis. Here\'s what else is happening today: Short sellers brought in $400 million in a single day from the selloff in regional banks. Biggest banks will reportedly pay to refill the FDIC\'s deposit insurance fund. The dollar\'s slump will continue as the Fed prepares to pause rate hikes, UBS said. The Fed just brought in its final interest-rate hike , said billionaire bond investor Jeff Gundlach. De-dollarization fears are overblown , but rising debt is among top threats to the greenback, Bank of America says. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude climbed 4% to $71.45 per barrel. Brent crude, the international benchmark, rose 3.7% to $73.78. Gold fell 1.5% to $2,025.60 per ounce. The 10-year Treasury yield rose 8 basis points to 3.43%. Bitcoin picked up 2.2% to $29,483.50. Read the original article on Business Insider View comments', '• US stocks jumped on Friday as tech behemoth Apple and regional bank stocks climbed.\n• The S&P 500 was able to close higher after four days of declines.\n• Treasury yields soared after the US economy added 253,000 jobs in April, much more than anticipated.\nUS stocks staged a rally Friday fronted byAppleand regional bank shares, as investors brushed aside rising bond yields sparked by an April jobs report that crushed expectations.\nThe S&P 500 finished higher after four consecutive losses, and the Dow Jones Industrial Average piled on more than 500 points. Headlining those moves wasApple, whose shares climbed on adividend increase, a $90 billion share-buyback plan, and rising iPhone sales that helped the company beat quarterly earnings expectations. Apple is the most heavily weighted stock on the S&P 500.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,136.37, up 1.85%\n• Dow Jones Industrial Average:33,674.31, up 1.65% (546.57 points)\n• Nasdaq Composite:12,235.41, up 2.25%\nEquities also found strength from a jump in regional bank shares, includingPacWestandWestern Allianceafter sharp selloffs during the week. One bank industry group asked the Securities and Exchange Commission tostop short-seller attackson their stocks driven by social-media speculation.\nStocks powered through a surge in Treasury yields. Yields ran up as the bond market sold off following the stronger-than-expectedUS jobs reportfor April. Investors were tempering expectations for the Fed to start cutting interest rates sooner than later in 2023. The2-year note yield, reflecting expectations for Fed moves, climbed nearly 20 basis points to 3.91%.\nNonfarm payroll employment of 253,000 trounced the 180,000 estimate. The unemployment rate fell to 3.4%.\n"The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week. But the big revisions to the prior readings suggest the jobs market is perhaps not as strong as the latest data makes it out to be," Fawad Razaqzada, market analyst at City Index, wrote in a Friday note.\nWhile stocks rose Friday, Wall Street\'s major indexes still fell on a weekly basis.\nHere\'s what else is happening today:\n• Short sellers brought in $400 millionin a single day from the selloff in regional banks.\n• Biggest banks will reportedly pay torefill the FDIC\'s deposit insurance fund.\n• Thedollar\'s slumpwill continue as the Fed prepares to pause rate hikes, UBS said.\n• The Fed just brought in its final interest-rate hike, said billionaire bond investor Jeff Gundlach.\n• De-dollarization fears are overblown, but rising debt is among top threats to the greenback, Bank of America says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate crudeclimbed 4% to $71.45 per barrel.Brent crude,the international benchmark, rose 3.7% to $73.78.\n• Goldfell 1.5% to $2,025.60 per ounce.\n• The10-year Treasury yieldrose 8 basis points to 3.43%.\n• Bitcoinpicked up 2.2% to $29,483.50.\nRead the original article onBusiness Insider', 'BillBitcoins joins the ranks of fintech elites, named a top crypto payment processor by a leading global tech research firm, cementing its global standing. PALO ALTO, Calif. , May 6, 2023 /PRNewswire-PRWeb/ -- BillBitcoins made headlines by making it into the list of top crypto payment gateways worldwide. The crypto payment processor has been recognized in an international listing of top crypto payment processors by the renowned tech research firm, TechResearcho . Rising Global Crypto Adoption: Cryptocurrencies are widely adopted across the world today. Several businesses are building crypto payment gateways to accept cryptocurrencies as payments. Reports indicate the crypto payment gateway market is growing at a CAGR of 16.8%, and it is expected to reach $ 4.12 billion by 2029. 60% of the top companies in the world are already accepting and using at least one digital asset for cross-border transactions. The global crypto economy is worth $1.1 trillion enabling businesses to adopt the crypto payment gateways and make profits. Billbitcoins , developed by HashCash Consultants , is a popular crypto payment processor for merchants to accept Bitcoin and other cryptocurrency payments securely. With three package options, the payment gateway caters to the needs of different businesses. The firm\'s CEO Raj Chowdhury , also a and blockchain pioneer, asserts, "At Billbitcoins, we strive to provide our clients with a seamless and secure payment experience, while also contributing to the growth and mainstream adoption of cryptocurrencies." Features of BillBitcoins: Additionally, it provides unlimited transactions, report generation, and personal tech support. The major e-commerce platforms or any SMBs can integrate the API ensuring seamless integration. With cutting-edge security features and compliance with major regulatory frameworks worldwide, Billbitcoins is a reliable crypto payment processor. As payment processors upgrade their systems to enable cryptocurrency transactions, businesses must adapt and provide customers with more payment options. Transaction volumes will continue to grow as consumers embrace making payments via cryptocurrencies. While traditional financial institutions may soon have to follow the same. Story continues About BillBitcoins: BillBitcoins, a product of HashCash Consultants is one of the leading crypto payment gateways operating worldwide. The platform is managed by a team of experts and has experience in banking solutions, and blockchain technology. For starters, the platform offers $100 daily free transactions, and up to $1000 after completion of background verifications. BillBitcoin also offers a white-label Bitcoin payment gateway for businesses worldwide. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE Hashcash Digest', 'BillBitcoins joins the ranks of fintech elites, named a top crypto payment processor by a leading global tech research firm, cementing its global standing. PALO ALTO, Calif. , May 6, 2023 /PRNewswire-PRWeb/ -- BillBitcoins made headlines by making it into the list of top crypto payment gateways worldwide. The crypto payment processor has been recognized in an international listing of top crypto payment processors by the renowned tech research firm, TechResearcho . Rising Global Crypto Adoption: Cryptocurrencies are widely adopted across the world today. Several businesses are building crypto payment gateways to accept cryptocurrencies as payments. Reports indicate the crypto payment gateway market is growing at a CAGR of 16.8%, and it is expected to reach $ 4.12 billion by 2029. 60% of the top companies in the world are already accepting and using at least one digital asset for cross-border transactions. The global crypto economy is worth $1.1 trillion enabling businesses to adopt the crypto payment gateways and make profits. Billbitcoins , developed by HashCash Consultants , is a popular crypto payment processor for merchants to accept Bitcoin and other cryptocurrency payments securely. With three package options, the payment gateway caters to the needs of different businesses. The firm\'s CEO Raj Chowdhury , also a and blockchain pioneer, asserts, "At Billbitcoins, we strive to provide our clients with a seamless and secure payment experience, while also contributing to the growth and mainstream adoption of cryptocurrencies." Features of BillBitcoins: Additionally, it provides unlimited transactions, report generation, and personal tech support. The major e-commerce platforms or any SMBs can integrate the API ensuring seamless integration. With cutting-edge security features and compliance with major regulatory frameworks worldwide, Billbitcoins is a reliable crypto payment processor. As payment processors upgrade their systems to enable cryptocurrency transactions, businesses must adapt and provide customers with more payment options. Transaction volumes will continue to grow as consumers embrace making payments via cryptocurrencies. While traditional financial institutions may soon have to follow the same. Story continues About BillBitcoins: BillBitcoins, a product of HashCash Consultants is one of the leading crypto payment gateways operating worldwide. The platform is managed by a team of experts and has experience in banking solutions, and blockchain technology. For starters, the platform offers $100 daily free transactions, and up to $1000 after completion of background verifications. BillBitcoin also offers a white-label Bitcoin payment gateway for businesses worldwide. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE Hashcash Digest', 'BillBitcoins joins the ranks of fintech elites, named a top crypto payment processor by a leading global tech research firm, cementing its global standing. PALO ALTO, Calif. , May 6, 2023 /PRNewswire-PRWeb/ -- BillBitcoins made headlines by making it into the list of top crypto payment gateways worldwide. The crypto payment processor has been recognized in an international listing of top crypto payment processors by the renowned tech research firm, TechResearcho . Rising Global Crypto Adoption: Cryptocurrencies are widely adopted across the world today. Several businesses are building crypto payment gateways to accept cryptocurrencies as payments. Reports indicate the crypto payment gateway market is growing at a CAGR of 16.8%, and it is expected to reach $ 4.12 billion by 2029. 60% of the top companies in the world are already accepting and using at least one digital asset for cross-border transactions. The global crypto economy is worth $1.1 trillion enabling businesses to adopt the crypto payment gateways and make profits. Billbitcoins , developed by HashCash Consultants , is a popular crypto payment processor for merchants to accept Bitcoin and other cryptocurrency payments securely. With three package options, the payment gateway caters to the needs of different businesses. The firm\'s CEO Raj Chowdhury , also a and blockchain pioneer, asserts, "At Billbitcoins, we strive to provide our clients with a seamless and secure payment experience, while also contributing to the growth and mainstream adoption of cryptocurrencies." Features of BillBitcoins: Additionally, it provides unlimited transactions, report generation, and personal tech support. The major e-commerce platforms or any SMBs can integrate the API ensuring seamless integration. With cutting-edge security features and compliance with major regulatory frameworks worldwide, Billbitcoins is a reliable crypto payment processor. As payment processors upgrade their systems to enable cryptocurrency transactions, businesses must adapt and provide customers with more payment options. Transaction volumes will continue to grow as consumers embrace making payments via cryptocurrencies. While traditional financial institutions may soon have to follow the same. Story continues About BillBitcoins: BillBitcoins, a product of HashCash Consultants is one of the leading crypto payment gateways operating worldwide. The platform is managed by a team of experts and has experience in banking solutions, and blockchain technology. For starters, the platform offers $100 daily free transactions, and up to $1000 after completion of background verifications. BillBitcoin also offers a white-label Bitcoin payment gateway for businesses worldwide. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE Hashcash Digest', 'Bitcoin. Photo by Getty Images Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic. He cited bitcoin halving, which will reduce mining rewards and supply of the token. The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added. Bitcoin has soared more than 74% to start 2023, but the world\'s most popular token by market cap could more than double by next year, according to Bob Ras, cofounder of blockchain firm Sologenic . A key catalyst will be the halving process, which is when the reward for miners is cut in half. It\'s meant to cut the supply of tokens and historically has sparked price increases. "When bitcoin\'s halving kicks in a year from now, we\'ll likely be well on our way past the previous all-time high," Ras told Insider. That would mean bitcoin soars past the $67,000 level reached in November 2021, up from about $29,000 on Friday. Meanwhile, bitcoin appears to be front-running the belief that looser policy from the Federal Reserve is on the way, Ras explained. The Fed on Wednesday hiked rates for the 10th consecutive time , but Wall Street widely expects that to be the last increase of this tightening cycle. He thinks the token\'s rally points to a future that is effectively a return to lower rates and more quantitative easing. Technical indicators, such as long-term moving averages, suggest upside and momentum, he said, but it\'s the broader landscape that will determine its performance the rest of the year. And he wouldn\'t be surprised if bitcoin hits $40,000 by the end of 2023. "Coupled with signs of slowing [economic] growth, the changing macro picture is pointing towards a Fed that will likely soon have to cut interest rates and inject a lot of liquidity into the market," Ras said. "If the Fed doesn\'t do this, then we could face a serious contraction, punctuated by a possible credit crunch. Either way, all roads appear to be leading to a loosening of monetary policy sooner rather than later." Story continues Ras isn\'t alone in his bullishness. Standard Chartered published a recent note that said bitcoin could soar to $100,000 by the middle of next year, and Matrixport predicted that bitcoin could more than double to about $65,000 by next April. A hedge against financial turmoil As the banking crisis that started with Silicon Valley Bank in March continues to spark contagion fears, more retail and institutional investors have been turning to bitcoin as a hedge, Ras said. That turmoil re-emerged over the past week as regulators seized First Republic on Monday and sold the bulk of its assets to JPMorgan, triggered sell-offs at regional banks PacWest Bancorp and Western Alliance . "The banking crisis helped to cement the narrative of bitcoin serving as a key store of value that lacks the sort of counterparty risk of holding funds by way of bank deposits," Ras said. "Bitcoin offers protection by way of decentralization, self-custody and a network that has never been hacked." But a credit crisis poses the biggest downside risk for bitcoin, he said. In such a scenario, bitcoin as well as gold, another traditional safe-haven investment, could see a sharp decline in value. "I\'m not sure such a scenario would happen," Ras said, "but it\'s possible and would unleash a tremendous amount of volatility, not only for bitcoin but all markets." Read the original article on Business Insider', '• Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic.\n• He cited bitcoin halving, which will reduce mining rewards and supply of the token.\n• The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added.\nBitcoinhas soared more than 74% to start 2023, but theworld\'s most popular tokenby market cap could more than double by next year, according to Bob Ras, cofounder of blockchain firmSologenic.\nA key catalyst will be the halving process, which is when the reward for miners is cut in half. It\'s meant to cut the supply of tokens and historically has sparked price increases.\n"When bitcoin\'s halving kicks in a year from now, we\'ll likely be well on our way past the previous all-time high," Ras told Insider.\nThat would mean bitcoin soars past the $67,000 level reached in November 2021, up from about $29,000 on Friday.\nMeanwhile, bitcoin appears to be front-running the belief that looser policy from the Federal Reserve is on the way, Ras explained.\nThe Fed on Wednesdayhiked rates for the 10th consecutive time, but Wall Street widely expects that to be the last increase of this tightening cycle.\nHe thinks the token\'s rally points to a future that is effectively a return to lower rates and more quantitative easing.\nTechnical indicators, such as long-term moving averages, suggest upside and momentum, he said, but it\'s the broader landscape that will determine its performance the rest of the year. And he wouldn\'t be surprised if bitcoin hits $40,000 by the end of 2023.\n"Coupled with signs of slowing [economic] growth, the changing macro picture is pointing towards a Fed that will likely soon have to cut interest rates and inject a lot of liquidity into the market," Ras said. "If the Fed doesn\'t do this, then we could face a serious contraction, punctuated by a possible credit crunch. Either way, all roads appear to be leading to a loosening of monetary policy sooner rather than later."\nRas isn\'t alone in his bullishness. Standard Chartered published a recent note that saidbitcoin could soar to $100,000by the middle of next year, and Matrixport predicted that bitcoin could more than double to about $65,000 by next April.\nAs the banking crisis that started withSilicon Valley Bankin March continues to spark contagion fears, more retail and institutional investors have been turning to bitcoin as a hedge, Ras said.\nThat turmoil re-emerged over the past week as regulators seized First Republic on Monday and sold the bulk of its assets to JPMorgan, triggered sell-offs at regional banksPacWest BancorpandWestern Alliance.\n"The banking crisis helped to cement the narrative of bitcoin serving as a key store of value that lacks the sort of counterparty risk of holding funds by way of bank deposits," Ras said. "Bitcoin offers protection by way of decentralization, self-custody and a network that has never been hacked."\nBut a credit crisis poses the biggest downside risk for bitcoin, he said. In such a scenario, bitcoin as well as gold, another traditional safe-haven investment, could see a sharp decline in value.\n"I\'m not sure such a scenario would happen," Ras said, "but it\'s possible and would unleash a tremendous amount of volatility, not only for bitcoin but all markets."\nRead the original article onBusiness Insider', '• Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic.\n• He cited bitcoin halving, which will reduce mining rewards and supply of the token.\n• The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added.\nBitcoinhas soared more than 74% to start 2023, but theworld\'s most popular tokenby market cap could more than double by next year, according to Bob Ras, cofounder of blockchain firmSologenic.\nA key catalyst will be the halving process, which is when the reward for miners is cut in half. It\'s meant to cut the supply of tokens and historically has sparked price increases.\n"When bitcoin\'s halving kicks in a year from now, we\'ll likely be well on our way past the previous all-time high," Ras told Insider.\nThat would mean bitcoin soars past the $67,000 level reached in November 2021, up from about $29,000 on Friday.\nMeanwhile, bitcoin appears to be front-running the belief that looser policy from the Federal Reserve is on the way, Ras explained.\nThe Fed on Wednesdayhiked rates for the 10th consecutive time, but Wall Street widely expects that to be the last increase of this tightening cycle.\nHe thinks the token\'s rally points to a future that is effectively a return to lower rates and more quantitative easing.\nTechnical indicators, such as long-term moving averages, suggest upside and momentum, he said, but it\'s the broader landscape that will determine its performance the rest of the year. And he wouldn\'t be surprised if bitcoin hits $40,000 by the end of 2023.\n"Coupled with signs of slowing [economic] growth, the changing macro picture is pointing towards a Fed that will likely soon have to cut interest rates and inject a lot of liquidity into the market," Ras said. "If the Fed doesn\'t do this, then we could face a serious contraction, punctuated by a possible credit crunch. Either way, all roads appear to be leading to a loosening of monetary policy sooner rather than later."\nRas isn\'t alone in his bullishness. Standard Chartered published a recent note that saidbitcoin could soar to $100,000by the middle of next year, and Matrixport predicted that bitcoin could more than double to about $65,000 by next April.\nAs the banking crisis that started withSilicon Valley Bankin March continues to spark contagion fears, more retail and institutional investors have been turning to bitcoin as a hedge, Ras said.\nThat turmoil re-emerged over the past week as regulators seized First Republic on Monday and sold the bulk of its assets to JPMorgan, triggered sell-offs at regional banksPacWest BancorpandWestern Alliance.\n"The banking crisis helped to cement the narrative of bitcoin serving as a key store of value that lacks the sort of counterparty risk of holding funds by way of bank deposits," Ras said. "Bitcoin offers protection by way of decentralization, self-custody and a network that has never been hacked."\nBut a credit crisis poses the biggest downside risk for bitcoin, he said. In such a scenario, bitcoin as well as gold, another traditional safe-haven investment, could see a sharp decline in value.\n"I\'m not sure such a scenario would happen," Ras said, "but it\'s possible and would unleash a tremendous amount of volatility, not only for bitcoin but all markets."\nRead the original article onBusiness Insider', 'Welcome to the weekend.Phil Rosen here, writing to you from Manhattan.\nI\'m somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin\'s been the top performing asset by a landslide — it\'s up more than 73%.\nI caught up with a blockchain executive toget the scoopon why that rally could see more upside as the economy slows down.\nIf you have any suggestions for who I should interview next, let me know on Twitter@philrosenn, or email [email protected].\nIf this was forwarded to you,sign up here. Download Insider\'s apphere.\nBob Ras is the cofounder of blockchain firm Sologenic. This conversation has been lightly edited for length and clarity.\nPhil Rosen: What\'s the impact of the banking crisis and the Fed on the outlook for bitcoin?\nBob Ras:As big banks have been collapsing, it seems clearer by the day that theseinvestors see bitcoin as a hedgebecause of its decentralized censorship resistance and lack of counterparty risk.\nThere are growing expectations that the Fed will loosen monetary policy and effectively inject a lot more liquidity into the market to shore up the financial system. Andbitcoin is front-running this scenario, pointing to a future that is effectively a return to relatively low rates.\nI wouldn\'t be surprised if$40,000 could be reachedby the end of this year.\nWhat\'s been fueling bitcoin\'s sharp rally to start 2023 so far?\nA big reasonwhy bitcoin has performed so wellwas that it was just really oversold during the collapse of FTX.\nPlus, there\'s on-chain evidence that more and more people and institutions have beenaccumulating bitcoin during the lows, which essentially translated into a supply shock.\nWith so few sellers left, any uptick in demand has an outsize impact on price.\nWhat\'s a downside risk ahead that could weigh on bitcoin prices?\nThe biggest risk would be asharp credit crisisthat causes a rapid contraction.\nIn such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. I\'m not sure such a scenario would happen, but it\'s possible and would unleash atremendous amount of volatilitynot only for bitcoin but all markets.\nRead the full story on bitcoin\'s upside.\nWhat do you think of Ras\'s outlook on the world\'s most popular cryptocurrency?Let me know.\nAnd here are the top stories from markets this week:\n1. A stock portfolio created by ChatGPT is outperforming the top investment funds across the UK.The theoretical portfolio created by Finder.com includes 38 stocks, and it\'s generated 4.9% returns over eight weeks.Here are its top holdings.\n2. Top economist Mohamed El-Erian warned of potential collateral damage from the First Republic-JPMorgan deal.The Wall Street giant agreed on Monday to acquire most of the battered firm\'s assets —but El-Erian sees four critical, unintended consequences that could materialize as a result.\n3. UBS analysts just named 40 cheap stocks that they expect to outperform in a recession.Weaker economic growth will help defensives dominate over cyclicals,and this collection of relatively inexpensive picks look poised to fare well in a weaker landscape.\n4. Russian gold is now flooding the United Arab Emirates, Hong Kong, and Turkey.Sellers have had to find new buyers for the key metal now in light of wartime sanctions from the West. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow —leaving billions of dollars worth of gold in need of new landing spots.\n5. Nobel economist Paul Krugman doesn\'t think dollar dominance is worth much to the US.The notion is overrated, in his view, and he thinks it\'s best just to ignore all the dollar doomers out there:"Or better yet, consider what their hyping of a nonissue says about their own judgment."\n6. Apple attracted $1 billion to its new high-yield savings account in four days.The iPhone marker debuted the account last month, with a yield of 4.15%.And the number of people that have signed up so far represents just a fraction of total iPhone users.\n7. The nation\'s leading market-watchers and policy pros are concerned about a credit crunch and a spiraling commercial real estate sector.It\'s an uncertain time for the US economy, with growth slowing down and inflation staying stubbornly high.Here\'s what three experts expect to come down the pipeline.\n8. Yankees legend A-Rod learned two key rulesabout investing from Warren Buffett.Alex Rodriguez told Bloomberg he became business partners with the billionaire after the Berkshire chief insured his multi-million dollar playing contract. The pair made a habit of meeting up in Omaha —and Rodriguez still carries the lessons with him today.\n9. These 20 defensive stocks could help your portfolio weather a downturn.Morgan Stanley\'s top strategists cautioned that a strong earnings season could convey a false sense of security.But they see this batch of names as one potential corner of opportunity.\n10. BlackRock bond chief Rick Rieder manages $2.7 trillion.He told us how he\'s positioning cash for a fading economy and theportfolio strategy he\'s employing to avoid losses right now.\nCurated by Phil Rosen in New York. Feedback or tips? Tweet@philrosennor [email protected]\nEdited by Max Adams (@maxradams) in New York.\nRead the original article onBusiness Insider', 'Welcome to the weekend. Phil Rosen here, writing to you from Manhattan. I\'m somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin\'s been the top performing asset by a landslide \x97 it\'s up more than 73%. I caught up with a blockchain executive to get the scoop on why that rally could see more upside as the economy slows down. If you have any suggestions for who I should interview next, let me know on Twitter @philrosenn , or email me [email protected] . If this was forwarded to you, sign up here . Download Insider\'s app here. bitcoin A pile of Bitcoin slugs sit in a box ready to be minted on April 26, 2013 in Sandy, Utah. George Frey/Getty Images/AFP/File Bob Ras is the cofounder of blockchain firm Sologenic. This conversation has been lightly edited for length and clarity. Phil Rosen: What\'s the impact of the banking crisis and the Fed on the outlook for bitcoin? Bob Ras: As big banks have been collapsing, it seems clearer by the day that these investors see bitcoin as a hedge because of its decentralized censorship resistance and lack of counterparty risk. There are growing expectations that the Fed will loosen monetary policy and effectively inject a lot more liquidity into the market to shore up the financial system. And bitcoin is front-running this scenario , pointing to a future that is effectively a return to relatively low rates. I wouldn\'t be surprised if $40,000 could be reached by the end of this year. What\'s been fueling bitcoin\'s sharp rally to start 2023 so far? A big reason why bitcoin has performed so well was that it was just really oversold during the collapse of FTX. Plus, there\'s on-chain evidence that more and more people and institutions have been accumulating bitcoin during the lows , which essentially translated into a supply shock. With so few sellers left, any uptick in demand has an outsize impact on price. What\'s a downside risk ahead that could weigh on bitcoin prices? The biggest risk would be a sharp credit crisis that causes a rapid contraction. Story continues In such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. I\'m not sure such a scenario would happen, but it\'s possible and would unleash a tremendous amount of volatility not only for bitcoin but all markets. Read the full story on bitcoin\'s upside. What do you think of Ras\'s outlook on the world\'s most popular cryptocurrency? Let me know . And here are the top stories from markets this week: RTR31M2E Paul Krugman. REUTERS/Brendan McDermid 1. A stock portfolio created by ChatGPT is outperforming the top investment funds across the UK. The theoretical portfolio created by Finder.com includes 38 stocks, and it\'s generated 4.9% returns over eight weeks. Here are its top holdings. 2. Top economist Mohamed El-Erian warned of potential collateral damage from the First Republic-JPMorgan deal. The Wall Street giant agreed on Monday to acquire most of the battered firm\'s assets \x97 but El-Erian sees four critical, unintended consequences that could materialize as a result . 3. UBS analysts just named 40 cheap stocks that they expect to outperform in a recession. Weaker economic growth will help defensives dominate over cyclicals, and this collection of relatively inexpensive picks look poised to fare well in a weaker landscape . 4. Russian gold is now flooding the United Arab Emirates, Hong Kong, and Turkey. Sellers have had to find new buyers for the key metal now in light of wartime sanctions from the West. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow \x97 leaving billions of dollars worth of gold in need of new landing spots. 5. Nobel economist Paul Krugman doesn\'t think dollar dominance is worth much to the US. The notion is overrated, in his view, and he thinks it\'s best just to ignore all the dollar doomers out there: "Or better yet, consider what their hyping of a nonissue says about their own judgment." 6. Apple attracted $1 billion to its new high-yield savings account in four days. The iPhone marker debuted the account last month, with a yield of 4.15%. And the number of people that have signed up so far represents just a fraction of total iPhone users . 7. The nation\'s leading market-watchers and policy pros are concerned about a credit crunch and a spiraling commercial real estate sector. It\'s an uncertain time for the US economy, with growth slowing down and inflation staying stubbornly high. Here\'s what three experts expect to come down the pipeline . 8. Yankees legend A-Rod learned two key rules about investing from Warren Buffett. Alex Rodriguez told Bloomberg he became business partners with the billionaire after the Berkshire chief insured his multi-million dollar playing contract. The pair made a habit of meeting up in Omaha \x97 and Rodriguez still carries the lessons with him today . 9. These 20 defensive stocks could help your portfolio weather a downturn. Morgan Stanley\'s top strategists cautioned that a strong earnings season could convey a false sense of security. But they see this batch of names as one potential corner of opportunity. 10. BlackRock bond chief Rick Rieder manages $2.7 trillion. He told us how he\'s positioning cash for a fading economy and the portfolio strategy he\'s employing to avoid losses right now . Curated by Phil Rosen in New York. Feedback or tips? Tweet @philrosenn or email [email protected] Edited by Max Adams ( @maxradams ) in New York. Read the original article on Business Insider', 'Welcome to the weekend.Phil Rosen here, writing to you from Manhattan.\nI\'m somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin\'s been the top performing asset by a landslide — it\'s up more than 73%.\nI caught up with a blockchain executive toget the scoopon why that rally could see more upside as the economy slows down.\nIf you have any suggestions for who I should interview next, let me know on Twitter@philrosenn, or email [email protected].\nIf this was forwarded to you,sign up here. Download Insider\'s apphere.\nBob Ras is the cofounder of blockchain firm Sologenic. This conversation has been lightly edited for length and clarity.\nPhil Rosen: What\'s the impact of the banking crisis and the Fed on the outlook for bitcoin?\nBob Ras:As big banks have been collapsing, it seems clearer by the day that theseinvestors see bitcoin as a hedgebecause of its decentralized censorship resistance and lack of counterparty risk.\nThere are growing expectations that the Fed will loosen monetary policy and effectively inject a lot more liquidity into the market to shore up the financial system. Andbitcoin is front-running this scenario, pointing to a future that is effectively a return to relatively low rates.\nI wouldn\'t be surprised if$40,000 could be reachedby the end of this year.\nWhat\'s been fueling bitcoin\'s sharp rally to start 2023 so far?\nA big reasonwhy bitcoin has performed so wellwas that it was just really oversold during the collapse of FTX.\nPlus, there\'s on-chain evidence that more and more people and institutions have beenaccumulating bitcoin during the lows, which essentially translated into a supply shock.\nWith so few sellers left, any uptick in demand has an outsize impact on price.\nWhat\'s a downside risk ahead that could weigh on bitcoin prices?\nThe biggest risk would be asharp credit crisisthat causes a rapid contraction.\nIn such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. I\'m not sure such a scenario would happen, but it\'s possible and would unleash atremendous amount of volatilitynot only for bitcoin but all markets.\nRead the full story on bitcoin\'s upside.\nWhat do you think of Ras\'s outlook on the world\'s most popular cryptocurrency?Let me know.\nAnd here are the top stories from markets this week:\n1. A stock portfolio created by ChatGPT is outperforming the top investment funds across the UK.The theoretical portfolio created by Finder.com includes 38 stocks, and it\'s generated 4.9% returns over eight weeks.Here are its top holdings.\n2. Top economist Mohamed El-Erian warned of potential collateral damage from the First Republic-JPMorgan deal.The Wall Street giant agreed on Monday to acquire most of the battered firm\'s assets —but El-Erian sees four critical, unintended consequences that could materialize as a result.\n3. UBS analysts just named 40 cheap stocks that they expect to outperform in a recession.Weaker economic growth will help defensives dominate over cyclicals,and this collection of relatively inexpensive picks look poised to fare well in a weaker landscape.\n4. Russian gold is now flooding the United Arab Emirates, Hong Kong, and Turkey.Sellers have had to find new buyers for the key metal now in light of wartime sanctions from the West. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow —leaving billions of dollars worth of gold in need of new landing spots.\n5. Nobel economist Paul Krugman doesn\'t think dollar dominance is worth much to the US.The notion is overrated, in his view, and he thinks it\'s best just to ignore all the dollar doomers out there:"Or better yet, consider what their hyping of a nonissue says about their own judgment."\n6. Apple attracted $1 billion to its new high-yield savings account in four days.The iPhone marker debuted the account last month, with a yield of 4.15%.And the number of people that have signed up so far represents just a fraction of total iPhone users.\n7. The nation\'s leading market-watchers and policy pros are concerned about a credit crunch and a spiraling commercial real estate sector.It\'s an uncertain time for the US economy, with growth slowing down and inflation staying stubbornly high.Here\'s what three experts expect to come down the pipeline.\n8. Yankees legend A-Rod learned two key rulesabout investing from Warren Buffett.Alex Rodriguez told Bloomberg he became business partners with the billionaire after the Berkshire chief insured his multi-million dollar playing contract. The pair made a habit of meeting up in Omaha —and Rodriguez still carries the lessons with him today.\n9. These 20 defensive stocks could help your portfolio weather a downturn.Morgan Stanley\'s top strategists cautioned that a strong earnings season could convey a false sense of security.But they see this batch of names as one potential corner of opportunity.\n10. BlackRock bond chief Rick Rieder manages $2.7 trillion.He told us how he\'s positioning cash for a fading economy and theportfolio strategy he\'s employing to avoid losses right now.\nCurated by Phil Rosen in New York. Feedback or tips? Tweet@philrosennor [email protected]\nEdited by Max Adams (@maxradams) in New York.\nRead the original article onBusiness Insider', 'So That Happened An ex-Coinbase executive banked big on Bitcoin bouncing back — and ended up cashing out his alliterative bet early once it was clear that he was going to lose. In an embarrassingly-long Twitter Blue subscriber post , Bitcoin booster Balaji Srinivasan explained why he closed out his $1 million bet that the cryptocurrency would reach incredible new heights within 90 days. Earlier this year, Srinivasan — known, like Madonna or Cher, by his first name Balaji in crypto circles — took up pseudonymous leftish blogger James Medlock when the latter tweeted that he would "bet anyone $1 million dollars that the US does not enter hyperinflation." To prove his confidence in the cryptocurrency, Srinivasan — who also used to work at the blockchain-loving Andreessen Horowitz venture capital firm — reportedly wagered, per Politico , 1 Bitcoin, which at the time was worth $30,000 and would, he said, be worth $1 million by June 17. Sportsman Shipping There\'s more than a month left before June 17, but Bitcoin\'s value is now actually slightly less than $30,000 per token — and, perhaps strangest of all, it appears that the crypto bro is willing to admit defeat and put up half a million more than he originally offered to boot. "I’m not a trader, I’m not John McAfee, and I’m not in the habit of publicly burning a million bucks," Srinivasan wrote in his Facebook Notes -length tweet. "The reason I did this was because I do believe in the public good, but unfortunately we can\'t rely on the public sector anymore to tell us when something\'s wrong." But citing the lack of official alarm-sounding ahead of the 2008 financial collapse, Srinivasan suggested that the Federal Reserve\'s current tune can\'t be trusted. "So I spent my own money to send a provably costly signal that there’s something wrong with the economy, and that it\'s not going to be a \'soft landing\' like [Fed chair Jerome] Powell promises — but something much worse," he continued. There\'s something weirdly satisfying about a Bitcoin bro putting his money where his mouth is and not being a sore loser — and he may make some good points about the direction of the economy, too. More on crypto bets: Coinbase Is Suing the SEC', 'So That Happened An ex-Coinbase executive banked big on Bitcoin bouncing back — and ended up cashing out his alliterative bet early once it was clear that he was going to lose. In an embarrassingly-long Twitter Blue subscriber post , Bitcoin booster Balaji Srinivasan explained why he closed out his $1 million bet that the cryptocurrency would reach incredible new heights within 90 days. Earlier this year, Srinivasan — known, like Madonna or Cher, by his first name Balaji in crypto circles — took up pseudonymous leftish blogger James Medlock when the latter tweeted that he would "bet anyone $1 million dollars that the US does not enter hyperinflation." To prove his confidence in the cryptocurrency, Srinivasan — who also used to work at the blockchain-loving Andreessen Horowitz venture capital firm — reportedly wagered, per Politico , 1 Bitcoin, which at the time was worth $30,000 and would, he said, be worth $1 million by June 17. Sportsman Shipping There\'s more than a month left before June 17, but Bitcoin\'s value is now actually slightly less than $30,000 per token — and, perhaps strangest of all, it appears that the crypto bro is willing to admit defeat and put up half a million more than he originally offered to boot. "I’m not a trader, I’m not John McAfee, and I’m not in the habit of publicly burning a million bucks," Srinivasan wrote in his Facebook Notes -length tweet. "The reason I did this was because I do believe in the public good, but unfortunately we can\'t rely on the public sector anymore to tell us when something\'s wrong." But citing the lack of official alarm-sounding ahead of the 2008 financial collapse, Srinivasan suggested that the Federal Reserve\'s current tune can\'t be trusted. "So I spent my own money to send a provably costly signal that there’s something wrong with the economy, and that it\'s not going to be a \'soft landing\' like [Fed chair Jerome] Powell promises — but something much worse," he continued. There\'s something weirdly satisfying about a Bitcoin bro putting his money where his mouth is and not being a sore loser — and he may make some good points about the direction of the economy, too. More on crypto bets: Coinbase Is Suing the SEC', 'So That Happened An ex-Coinbase executive banked big on Bitcoin bouncing back — and ended up cashing out his alliterative bet early once it was clear that he was going to lose. In an embarrassingly-long Twitter Blue subscriber post , Bitcoin booster Balaji Srinivasan explained why he closed out his $1 million bet that the cryptocurrency would reach incredible new heights within 90 days. Earlier this year, Srinivasan — known, like Madonna or Cher, by his first name Balaji in crypto circles — took up pseudonymous leftish blogger James Medlock when the latter tweeted that he would "bet anyone $1 million dollars that the US does not enter hyperinflation." To prove his confidence in the cryptocurrency, Srinivasan — who also used to work at the blockchain-loving Andreessen Horowitz venture capital firm — reportedly wagered, per Politico , 1 Bitcoin, which at the time was worth $30,000 and would, he said, be worth $1 million by June 17. Sportsman Shipping There\'s more than a month left before June 17, but Bitcoin\'s value is now actually slightly less than $30,000 per token — and, perhaps strangest of all, it appears that the crypto bro is willing to admit defeat and put up half a million more than he originally offered to boot. "I’m not a trader, I’m not John McAfee, and I’m not in the habit of publicly burning a million bucks," Srinivasan wrote in his Facebook Notes -length tweet. "The reason I did this was because I do believe in the public good, but unfortunately we can\'t rely on the public sector anymore to tell us when something\'s wrong." But citing the lack of official alarm-sounding ahead of the 2008 financial collapse, Srinivasan suggested that the Federal Reserve\'s current tune can\'t be trusted. "So I spent my own money to send a provably costly signal that there’s something wrong with the economy, and that it\'s not going to be a \'soft landing\' like [Fed chair Jerome] Powell promises — but something much worse," he continued. There\'s something weirdly satisfying about a Bitcoin bro putting his money where his mouth is and not being a sore loser — and he may make some good points about the direction of the economy, too. More on crypto bets: Coinbase Is Suing the SEC', 'After making waves in April with a prediction that Bitcoin would surge to US$100,000 by the end of 2024, Geoff Kendrick, crypto research chief at Standard Chartered Bank, insists there’s more to crypto than its most dominant digital asset. But after the turmoil of the past year — the high profile collapse of stablecoin TerraUSD , the centralized exchange FTX and a trio of crypto-friendly banks — investors need reassurance that their digital assets won’t fall foul of any further meltdowns. For Kendrick, that’s where greater regulation and the involvement of central banks come in. He talked to Forkast’s Jenny Ortiz-Bolivar about the crypto industry beyond Bitcoin, his hopes for greater transparency in the industry and the acceleration of central bank digital currencies worldwide. The Q&A has been edited for clarity and length. Jenny Ortiz-Bolivar: You’ve predicted a surge in the price of Bitcoin. But beyond that, which of the altcoins are you keeping a close eye on? Geoff Kendrick : Ethereum’s upgrades to proof-of-stake in September and, more recently, the Shanghai upgrade, mean that investors can remove coins that have been staked previously. Then there’s the addition of layer 2 solutions, meaning that speed and other concerns around Ethereum are basically a thing of the past. So I’d say Ethereum will continue to dominate. In terms of the other altcoins, I like Solana. It had concerns linked to the FTX collapse in November, but it’s bounced back a bit since then. Some of the staking solutions like Lido are set to trade relatively well, particularly since the removal of some of those coins staked in Ethereum. We’ll probably see the likes of Lido continue to do well given what is a relatively low staked market at the moment in Ethereum versus its smart contract competitors. That will likely pick up over time. Then, in terms of decentralized exchanges, the various concerns beginning in November mean that centralized exchanges are now marginally less trustworthy than they were before. As a result, I’d say decentralized exchanges like Uniswap should also trade well. So, big picture, I like Bitcoin, I like Ethereum, I like Lido on the staking point and I a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,782,776,425 - Hash Rate: 355568840.1119249 - Transaction Count: 601134.0 - Unique Addresses: 619770.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Actions taken by UK banks to restrict customer access to crypto are “not in the spirit of consumer protection,” Circle’s European policy lead said at an event last week. Amidconcernsthat crypto firms are facing difficulties accessing banking services in the UK, Teana Baker-Taylor said individual customers were also being affected. “One thing I think that is pretty clear is the UK banks are now actively unbanking people, not just companies,” Baker-Taylor said during a panel discussion at Citi's Digital Asset Symposium. “It's not about just refusing to give bank accounts to companies,” she said, claiming that banks were unbanking individuals because of their decision to buy “crypto assets that are perfectly legal.” “Then your bank turns you off,” she said. “That, to me, feels very, very wrong, and not in the spirit of consumer protection. It feels very patriarchal.” While there is no evidence of a UK bank shuttering a customer’s account altogether on account of crypto usage, there are several recorded instances of usersfacing temporary freezeson their accounts when trying to buy crypto. Banks havepublicly detailed their policies, which include limits on how much can be transferred at once, and even blanket bans on transfers into crypto. In February, Alison Rose, the chief executive of one of Britain’s so-called ‘big four’ banks, NatWest Group, told politicians the bank had taken a “hard line” on cryptocurrencies. “We're blocking retail and wealth customers from transferring into crypto assets because of the volatility and the stability of the platform,” she said at a meeting of Parliament’s Treasury Select Committee. UK Crypto Crackdown: Which British Banks Allow You to Buy Bitcoin? Santander, a Spanish bank with a major presence in the UK, last yearlimited transactionsto crypto exchanges to just £1,000 ($1,234), while Nationwide put in a£5,000 limiton card payments to crypto assets last month. NatWest soonfollowed suit, introducing restrictions of £1,000 a day and £5,000 over a 30-day period. The situation prompted Su Carpenter, director of Operations for industry body CryptoUK (where Baker-Taylor serves as anon-executive director), towrite to the Treasury in March, warning that without action the banking industry’s cautious approach could undermine the UK government’s crypto ambitions. Banks generally cite the risk of fraud in their policies limiting how customers can use crypto, but Baker-Taylor argued that “all of those things happen equally in the traditional finance ecosystem.” Circle has had its own troubles with the world of traditional finance. ItsUSDCstablecoin briefly broke its peg to the U.S. dollar last month after it revealed that$3.3 billion of its reserveswere stuck at the failed Silicon Valley Bank. “It’s somewhat ironic that there has been a lot of talk of protecting the banking system from crypto, here we are in a situation where we are trying to protect a digital dollar from the banking system,” Circle’s CEO Jeremy Allairesaidin aCNBCappearance in the days following the crisis.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Bloomberg) -- Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets. Most Read from Bloomberg Hedge Funds Drive Credit Suisse CDS Higher on Bets of a Payout Steve Schwarzman Holds Off Giving Money to DeSantis After Meeting Him Abu Dhabi Royal\x92s Firm Shorts US Stocks on Global Recession Fears Jamie Dimon Says US Needs to 'Finish' the Bank Crisis Family Builds $900 Million Brazil Farming Empire After 935% Gain These glimpses of their trading activity support suspicions that some of China\x92s 1.4 billion people flout the prohibition Beijing imposed in September 2021 as they hunt for alternatives to investments like property and stocks. A shadowy role for Chinese demand adds to the difficulty of parsing the outlook for digital-asset markets, which have partially revived this year from a 2022 crash pockmarked with bankruptcies like that of the FTX crypto exchange. There is even speculation the ban on the mainland could be loosened \x97 though there are no indications of that happening \x97 after Hong Kong pivoted to a pro-crypto stance to woo investment, a step that won quiet backing from Beijing. The evidence of ongoing Chinese appetite for tokens comes from varied sources, including FTX\x92s creditor profile, citizens who said they used crypto platforms and depictions by industry insiders of workarounds to Beijing\x92s ban. Hard to \x91Eliminate\x92 \x93Essentially, bans don\x92t work,\x94 said Caroline Malcolm, global head of public policy at Chainalysis, which specializes in tracking digital-asset transactions. \x93The decentralized nature of cryptocurrencies and the fact that they can be transferred peer-to-peer and traded on global exchanges make it difficult for any government to completely eliminate them.\x94 US bankruptcy filings for FTX, which collapsed in November last year, show Chinese users accounted for 8% of the exchange\x92s customers. FTX advisers have tallied more than 9 million customer accounts overall, while claims from creditors amount to at least $11.6 billion. Story continues Jack Ding, a partner with crypto regulations specialist Duan & Duan Law Firm, said he represents six Chinese creditors with a combined $10 million of FTX claims. They are part of a committee for foreign FTX customers, he said. Theoretically, crypto trading is outlawed for Chinese at home and abroad but it\x92s \x93hard to enforce,\x94 Ding said. Often it\x92s about compliance systems at exchanges and whether they\x92ll filter out Chinese passport holders, he added. Beijing cracked down on digital assets over concerns about money laundering, currency outflows and the environmental impact of Bitcoin mining. The likes of the Binance, OKX and FTX exchanges had tapped risk-loving investors in China, once the world\x92s biggest market for Bitcoin trading, to boost growth. Compliance Challenge Crypto platforms now try to block Chinese Internet Protocol addresses but virtual private networks can defeat such attempts by masking locations. Interviews with Chinese investors point to the compliance challenge. Four said they had traded on the Binance digital-asset platform, and a fifth said he\x92d also used OKX, after Beijing\x92s prohibition. Binance is the largest crypto exchange while OKX ranks at No. 2, CoinGecko data on 24-hour volumes show. The five spoke in part out of frustration over current or earlier suspensions of their accounts. Four said they lived in mainland China and had passed know-your-customer procedures using Chinese identification. OKX declined to comment on the issue. A spokesperson for Binance said the company doesn\x92t operate in mainland China or have any technology, including servers or data, based there. \x91Great Firewall\x92 \x93Following the September 2021 ban, the Binance platform, including the website and mobile application, has been blocked behind the Great Firewall,\x94 the Binance spokesperson said, referring to the system China uses to sever its internet from the rest of the world. A sixth Chinese investor, David Jin, said he lives in Silicon Valley and has had $8 million of crypto frozen on Binance since July at the behest of police in central Chongqing city in China. The police were probing tokens allegedly linked to illegal online casinos, Jin added, while denying involvement. A Chongqing police officer surnamed Mu, who\x92s in charge of the case, didn\x92t respond to numerous requests for comment. The Binance spokesperson said that the company has a policy of cooperating with lawful information requests and legal inquiries from authorities pertaining to investigations, prosecutions, forfeiture actions and suspicious activities. Binance reserves the right to reject law enforcement requests that fail legal scrutiny, don\x92t serve a legal purpose or where the investigative approach is flawed, the spokesperson added. Turning Dominican In March, Bloomberg News reported that another major crypto exchange, Huobi Global, was giving Chinese users the option of applying for a \x93digital identity\x94 with the tiny island nation of Dominica. Once on-boarded, their app profile shows them as Dominican citizens, according to people familiar with the matter, who asked not be identified discussing sensitive matters. Huobi has said that it doesn\x92t operate in China and that Chinese Internet Protocol addresses are \x93strictly prohibited\x94 from accessing the platform, and that new customers are \x93from anywhere but China.\x94 \x93Huobi has exited the Chinese market and barred Chinese users from signing up or logging in,\x94 the company has said. The People\x92s Bank of China, which announced the digital-asset ban in September 2021 when it said all crypto-related transactions are illegal, didn\x92t immediately respond to request for a comment on the signs that Chinese citizens continue to trade virtual assets. Since the prohibition, Chinese regulators haven\x92t announced sanctions on any offshore exchange for signing up mainland users. Malcolm from Chainalysis said the ban has either been ineffective or loosely enforced. The average monthly value of crypto flowing to China did roughly halve in 2022 from a year earlier but still remained sizable at $17 billion, the firm estimates. If somehow the crypto sector was legalized in China in the future, \x93it would likely lead to a surge in demand for cryptocurrencies,\x94 Malcolm said. --With assistance from Sidhartha Shukla and Yujing Liu. Most Read from Bloomberg Businessweek The Plot to Steal the Other Secret Inside a Can of Coca-Cola AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma US Airlines Are Sitting Out China\x92s Reopening \x91Nearshoring\x92 Push Is Fueling Tech Job Demand in Latin America Webtoons Are South Korea\x92s Latest Viral Cultural Export ©2023 Bloomberg L.P.", "(Bloomberg) -- Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.\nMost Read from Bloomberg\n• Hedge Funds Drive Credit Suisse CDS Higher on Bets of a Payout\n• Steve Schwarzman Holds Off Giving Money to DeSantis After Meeting Him\n• Abu Dhabi Royal’s Firm Shorts US Stocks on Global Recession Fears\n• Jamie Dimon Says US Needs to 'Finish' the Bank Crisis\n• Family Builds $900 Million Brazil Farming Empire After 935% Gain\nThese glimpses of their trading activity support suspicions that some of China’s 1.4 billion people flout the prohibition Beijing imposed in September 2021 as they hunt for alternatives to investments like property and stocks.\nA shadowy role for Chinese demand adds to the difficulty of parsing the outlook for digital-asset markets, which have partially revived this year from a 2022 crash pockmarked with bankruptcies like that of the FTX crypto exchange.\nThere is even speculation the ban on the mainland could be loosened — though there are no indications of that happening — after Hong Kong pivoted to a pro-crypto stance to woo investment, a step that won quiet backing from Beijing.\nThe evidence of ongoing Chinese appetite for tokens comes from varied sources, including FTX’s creditor profile, citizens who said they used crypto platforms and depictions by industry insiders of workarounds to Beijing’s ban.\nHard to ‘Eliminate’\n“Essentially, bans don’t work,” said Caroline Malcolm, global head of public policy at Chainalysis, which specializes in tracking digital-asset transactions. “The decentralized nature of cryptocurrencies and the fact that they can be transferred peer-to-peer and traded on global exchanges make it difficult for any government to completely eliminate them.”\nUS bankruptcy filings for FTX, which collapsed in November last year, show Chinese users accounted for 8% of the exchange’s customers. FTX advisers have tallied more than 9 million customer accounts overall, while claims from creditors amount to at least $11.6 billion.\nJack Ding, a partner with crypto regulations specialist Duan & Duan Law Firm, said he represents six Chinese creditors with a combined $10 million of FTX claims. They are part of a committee for foreign FTX customers, he said.\nTheoretically, crypto trading is outlawed for Chinese at home and abroad but it’s “hard to enforce,” Ding said. Often it’s about compliance systems at exchanges and whether they’ll filter out Chinese passport holders, he added.\nBeijing cracked down on digital assets over concerns about money laundering, currency outflows and the environmental impact of Bitcoin mining. The likes of the Binance, OKX and FTX exchanges had tapped risk-loving investors in China, once the world’s biggest market for Bitcoin trading, to boost growth.\nCompliance Challenge\nCrypto platforms now try to block Chinese Internet Protocol addresses but virtual private networks can defeat such attempts by masking locations.\nInterviews with Chinese investors point to the compliance challenge. Four said they had traded on the Binance digital-asset platform, and a fifth said he’d also used OKX, after Beijing’s prohibition. Binance is the largest crypto exchange while OKX ranks at No. 2, CoinGecko data on 24-hour volumes show.\nThe five spoke in part out of frustration over current or earlier suspensions of their accounts. Four said they lived in mainland China and had passed know-your-customer procedures using Chinese identification.\nOKX declined to comment on the issue. A spokesperson for Binance said the company doesn’t operate in mainland China or have any technology, including servers or data, based there.\n‘Great Firewall’\n“Following the September 2021 ban, the Binance platform, including the website and mobile application, has been blocked behind the Great Firewall,” the Binance spokesperson said, referring to the system China uses to sever its internet from the rest of the world.\nA sixth Chinese investor, David Jin, said he lives in Silicon Valley and has had $8 million of crypto frozen on Binance since July at the behest of police in central Chongqing city in China. The police were probing tokens allegedly linked to illegal online casinos, Jin added, while denying involvement.\nA Chongqing police officer surnamed Mu, who’s in charge of the case, didn’t respond to numerous requests for comment.\nThe Binance spokesperson said that the company has a policy of cooperating with lawful information requests and legal inquiries from authorities pertaining to investigations, prosecutions, forfeiture actions and suspicious activities.\nBinance reserves the right to reject law enforcement requests that fail legal scrutiny, don’t serve a legal purpose or where the investigative approach is flawed, the spokesperson added.\nTurning Dominican\nIn March, Bloomberg News reported that another major crypto exchange, Huobi Global, was giving Chinese users the option of applying for a “digital identity” with the tiny island nation of Dominica. Once on-boarded, their app profile shows them as Dominican citizens, according to people familiar with the matter, who asked not be identified discussing sensitive matters.\nHuobi has said that it doesn’t operate in China and that Chinese Internet Protocol addresses are “strictly prohibited” from accessing the platform, and that new customers are “from anywhere but China.”\n“Huobi has exited the Chinese market and barred Chinese users from signing up or logging in,” the company has said.\nThe People’s Bank of China, which announced the digital-asset ban in September 2021 when it said all crypto-related transactions are illegal, didn’t immediately respond to request for a comment on the signs that Chinese citizens continue to trade virtual assets.\nSince the prohibition, Chinese regulators haven’t announced sanctions on any offshore exchange for signing up mainland users.\nMalcolm from Chainalysis said the ban has either been ineffective or loosely enforced. The average monthly value of crypto flowing to China did roughly halve in 2022 from a year earlier but still remained sizable at $17 billion, the firm estimates.\nIf somehow the crypto sector was legalized in China in the future, “it would likely lead to a surge in demand for cryptocurrencies,” Malcolm said.\n--With assistance from Sidhartha Shukla and Yujing Liu.\nMost Read from Bloomberg Businessweek\n• The Plot to Steal the Other Secret Inside a Can of Coca-Cola\n• AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma\n• US Airlines Are Sitting Out China’s Reopening\n• ‘Nearshoring’ Push Is Fueling Tech Job Demand in Latin America\n• Webtoons Are South Korea’s Latest Viral Cultural Export\n©2023 Bloomberg L.P.", 'If you are only concerned about upside potential, looking into some stocks and cryptos with high returns is the way to go. The current environment is indeed very risky, with a recent rate hike and a recession on the horizon. Still, there are high-risk, high-return assets that can deliver multibagger gains if you’re lucky.\nHowever, I would note that chasing high upside potential comes with a lot of risks as you’d have to step foot into speculative territory. But the rewards can be just as rewarding if you play your cards right.\nWith that in mind, let’s look at three such names:\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"LIFE": "CLFD", "aTyr Pharma, Inc.": "Clearfield, Inc.", "$2.15": "$35.27"}, {"LIFE": "RNDR-USD", "aTyr Pharma, Inc.": "Render Token", "$2.15": "$2.08"}]\nSource: aslysun / Shutterstock.com\naTyr Pharma(NASDAQ:LIFE) is among the most speculative bets on the market right now. Biotech companies naturally come with a lot of risks, but aTyr Pharma is especially risky as its success depends on just one drug candidate, efzofitimod, a promising treatment for fibrotic lung diseases.\nAs the companystates, “We believe that by targeting NRP2 to resolve aberrant immune responses, efzofitimod\xa0presents a novel mechanism of action, and could prove an effective therapeutic alternative with less toxicity compared to current standard of care for patients with severe inflammatory diseases where there remains a high unmet medical need.”\nSimply put, this one drug may make or break this company. But the data is promising and analysts are bullish.\nThe average analyst price target here is $18, a737.21% upside potentialin just one year.\nSource: Pavel Kapysh / Shutterstock.com\nClearfield(NASDAQ:CLFD) has been trading at bargain prices after the selloffs in 2022 and I believe the latest selloffs after its Q2 earnings report make it too compelling to ignore. The companybeat Zacks Consensus Estimateof 55 cents per share with quarterly earnings of 67 cents per share.\nHowever, itsrevenue of $71.8 million, up 34.2% year-over-year, missed by $180,000. Sales guidance came down substantially to $267.5 million at the midpoint, down 45% from 2022. That’s why the stock has shaved off a quarter of its value.\nStill, that’s near what analysts expect at the low end. For 2024, revenue is expected to bounce back to $366 million at the lowest and continue the robust growth trajectory. Even then, the company will likely outperform if the economy cooperates and fiber optic products rise in demand.\nThe averageanalyst price target, according to MarketBeat,of $98.83presents a 180.22% upside potential. That’s likely to be revised down in the coming weeks, but I believe it is a multibagger stock if you hold it for a few years.\nSource: Chinnapong / Shutterstock\nRender Token(RNDR-USD) is among the hottest cryptos this year as it has quintupled its value in the past few months. The project aims to make GPU computing power easily accessible to individuals and institutions worldwide at a much cheaper rate by pooling rented GPU power through the blockchain and reselling it in bulk.\nI believe that’s an excellent idea, as tailwinds in sectors such as cloud computing, gaming and artificial intelligence have all pushed the demand for more GPU computing power. As the Render Network gains popularity, I expect institutions to jump on board, as renting pooled GPU computing power is much cheaper than buying or maintaining massive data centers that are needed to render movies and run cloud gaming or machine learning programs.\nConversely, I would wait before buying RNDR right now. UnlessBitcoin(BTC-USD) breaks above $30,000 and holds at that level, avoiding the crypto market as a whole is a good idea. But keep RNDR in your notes for the long run, as I expect it to be a multibagger, even if you buy at these levels. Still, you will likely be able to grab these tokens for much cheaper in the next few months.\nOn the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him onLinkedIn.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Stocks and Cryptos With the Highest Potential Returnsappeared first onInvestorPlace.', 'Jack Dorsey encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. Jack Sweneey, Joe Raedle, Clive Mason/Getty Images Jack Dorsey\xa0encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. He encouraged the student to post updates to Twitter rivals Bluesky and Nostr. The @ElonJet account got banned from Twitter after Musk took over. Twitter cofounder Jack Dorsey has doubled down on his explicit and implicit criticism of Elon Musk, encouraging the college student who\xa0tracks Elon Musk\'s private jet to keep posting on rival apps Bluesky and Nostr. Dorsey, who has given money to both platforms and sits on Bluesky\'s board, got into a brief exchange on Bluesky with college student Jack Sweeney Saturday about the jet-tracking account. The @ElonJet originally started on Twitter but was banned in December after Musk took over the site. "What\'s ur take on ElonJet?" the college student asked Dorsey. "Keep on keepin on," Dorsey responded, adding: "Send updates here and to nostr." Bluesky is a much-hyped Twitter-like app that is currently invite-only. It has more than 60,000 users, Insider previously reported ,\xa0including Rep. Alexandria Ocasio-Cortez and Twitter comedy account Dril . The project originally started at Twitter while Dorsey served as CEO, but was spun out and is now run by Jay Graber. Sweeney told Insider he joined the app on April 30 and set up his personal and @ElonJet accounts. "It has that enticing feeling like Twitter," he said. When setting up his account, someone had already claimed the username @elonjet, so Sweeney asked the person if they could hand it over – and they did. "I wanted it in good hands," the owner told Sweeney. He also followed Dorsey\'s advice and joined Nostr on Saturday. Nostr, which stands for Notes and Other Stuff Transmitted by Relays, is an open protocol that aims to create a censorship-resistant global social network. Dorsey tweeted in December last year that he had donated just over a quarter million dollars in Bitcoin to its anonymous founder, @fiatjaf. Story continues A screengrab of Jack Dorsey welcoming @ElonJet on Nostr. Nostr Dorsey\'s remarks cement an apparent change of heart towards Musk. The entrepreneur had been vocally supportive through 2022 of Musk\'s acquisition of Twitter but, after mass firings and patchy site reliability, now says the billionaire shouldn\'t have done the deal . Dorsey hasn\'t posted on Twitter since January, but is active on both Bluesky and Nostr. Sweeney created the original @ElonJet account in 2020, using public flight data to monitor the whereabouts the of billionaire\'s private jet.\xa0He shot to fame when Musk offered him $5,000 to take down his Twitter account in January 2022. The billionaire called the account a "security risk" and said he didn\'t want to be "shot by a nutcase." The student asked for $50,000 – but it never materialized. When Musk acquired Twitter in October last year, Sweeney feared his account, @elonjet, would be banned. Musk said in November that he wouldn\'t remove the account. But in December, Sweeney\'s more than 30 accounts tracking celebrities\' jets , including those of Mark Zuckerberg, Donald Trump, and Kim Kardashian, were all suspended. He promptly set up shop elsewhere, including Instagram, Discord, and Mastodon. He told Insider on Saturday, however, that Mastodon wasn\'t as enticing as Twitter or Bluesky. About a week after the permanent ban, Sweeney set up a new Twitter account that had the same purpose as @elonjet, only it would be posting with a 24-hour delay to follow Twitter\'s new guidelines. Musk didn\'t immediately respond to a request for comment from Insider. Read the original article on Business Insider', 'Jack Dorsey encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. Jack Sweneey, Joe Raedle, Clive Mason/Getty Images Jack Dorsey\xa0encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. He encouraged the student to post updates to Twitter rivals Bluesky and Nostr. The @ElonJet account got banned from Twitter after Musk took over. Twitter cofounder Jack Dorsey has doubled down on his explicit and implicit criticism of Elon Musk, encouraging the college student who\xa0tracks Elon Musk\'s private jet to keep posting on rival apps Bluesky and Nostr. Dorsey, who has given money to both platforms and sits on Bluesky\'s board, got into a brief exchange on Bluesky with college student Jack Sweeney Saturday about the jet-tracking account. The @ElonJet originally started on Twitter but was banned in December after Musk took over the site. "What\'s ur take on ElonJet?" the college student asked Dorsey. "Keep on keepin on," Dorsey responded, adding: "Send updates here and to nostr." Bluesky is a much-hyped Twitter-like app that is currently invite-only. It has more than 60,000 users, Insider previously reported ,\xa0including Rep. Alexandria Ocasio-Cortez and Twitter comedy account Dril . The project originally started at Twitter while Dorsey served as CEO, but was spun out and is now run by Jay Graber. Sweeney told Insider he joined the app on April 30 and set up his personal and @ElonJet accounts. "It has that enticing feeling like Twitter," he said. When setting up his account, someone had already claimed the username @elonjet, so Sweeney asked the person if they could hand it over – and they did. "I wanted it in good hands," the owner told Sweeney. He also followed Dorsey\'s advice and joined Nostr on Saturday. Nostr, which stands for Notes and Other Stuff Transmitted by Relays, is an open protocol that aims to create a censorship-resistant global social network. Dorsey tweeted in December last year that he had donated just over a quarter million dollars in Bitcoin to its anonymous founder, @fiatjaf. Story continues A screengrab of Jack Dorsey welcoming @ElonJet on Nostr. Nostr Dorsey\'s remarks cement an apparent change of heart towards Musk. The entrepreneur had been vocally supportive through 2022 of Musk\'s acquisition of Twitter but, after mass firings and patchy site reliability, now says the billionaire shouldn\'t have done the deal . Dorsey hasn\'t posted on Twitter since January, but is active on both Bluesky and Nostr. Sweeney created the original @ElonJet account in 2020, using public flight data to monitor the whereabouts the of billionaire\'s private jet.\xa0He shot to fame when Musk offered him $5,000 to take down his Twitter account in January 2022. The billionaire called the account a "security risk" and said he didn\'t want to be "shot by a nutcase." The student asked for $50,000 – but it never materialized. When Musk acquired Twitter in October last year, Sweeney feared his account, @elonjet, would be banned. Musk said in November that he wouldn\'t remove the account. But in December, Sweeney\'s more than 30 accounts tracking celebrities\' jets , including those of Mark Zuckerberg, Donald Trump, and Kim Kardashian, were all suspended. He promptly set up shop elsewhere, including Instagram, Discord, and Mastodon. He told Insider on Saturday, however, that Mastodon wasn\'t as enticing as Twitter or Bluesky. About a week after the permanent ban, Sweeney set up a new Twitter account that had the same purpose as @elonjet, only it would be posting with a 24-hour delay to follow Twitter\'s new guidelines. Musk didn\'t immediately respond to a request for comment from Insider. Read the original article on Business Insider', 'TheMarch collapseof Silvergate, Silicon Valley Bank and Signature – three of the world’s most crypto friendly lenders – left a large hole in banking services for the digital asset financial system.\nBut with blockchain offering a potential route into global finance for parts of the world previously excluded, among myriad other use cases, Standard Chartered’s crypto research chief Geoff Kendrick believes that the world’s largest banks owe it to potential customers in developing economies to fill the void left in crypto.\nKendrick talked to Forkast’s Jenny Ortiz-Bolivar about the world’s vast unbanked space and why his bank, Standard Chartered, has adopted a proactive approach to digital assets.\nThe Q&A has been edited for clarity and length.\nJenny Ortiz-Bolivar:Standard Chartered Bank’s approach to crypto is much more open to blockchain and crypto technology in comparison to competitors such as HSBC. What exactly is driving that approach?\nGeoff Kendrick:Obviously, I can’t speak to our competitors in terms of their desire when it comes to crypto. But on the SCB side, we have been relatively early to this space. We recognize the importance of blockchain technology. We recognize the importance of this broader ecosystem to, quite frankly, a lot of our core businesses in terms of financial markets globally. I would say that, over the next 5 to 10 years, the blockchain is going to become a much more important part of financial markets and SCB is at the forefront of that shift.\nOur core footprint as a bank is in emerging Asia, emerging Africa, and the Middle East. For those regions, some of the core digital asset use cases, and those of Bitcoin and other transactional coins in particular, are incredibly important. In those regions, there are still many individuals and companies that don’t have access to a broader financial asset ecosystem of the kind available in the West. In those countries, alternative financial outcomes are potentially advantageous. There’s therefore a natural overlap between some of our core countries and where Bitcoin and other digital assets can help.\nOrtiz-Bolivar:In that regard, how do you view the role of blockchain and crypto in the future of banking? What synergies are we likely to see?\nKendrick: In terms of blockchain’s future, there are a number of potential use cases. At one end of the use case spectrum, we have the World Bank telling us that the global unbanked sector has transactions of roughly US$20 trillion a year. As mentioned, quite a lot of that transaction space is unbanked because financial institutions are not available in quite a few of those core countries.\nIf you think about taking those transactions into the blockchain space via Bitcoin or an equivalent using multiples from Visa and MasterCard, for example, even that could get you to a valuation of Bitcoin at around US$50,000. That’s roughly double where we’ve been recently. So, through the blockchain, those in emerging markets – a huge unbanked space – can access a financial system that they’ve otherwise been excluded from.\nElsewhere, I think we’ll see a continuation of what traditional financial institutions have already been doing to migrate to blockchain over time. Here I’m thinking about insurance type services. You could imagine they could be offered medium term on blockchain and therefore cheaper because there’s less people in the chain. Similarly, ETF (exchange Traded Fund) type products could end up on blockchain. Essentially the potential use cases are endless when you consider the types of smart contracts Ethereum and others are able to offer.\nOrtiz-Bolivar:Finally, this year has seen the collapse of a trio of crypto-friendly banks, starting with Silvergate in early March. Those closures have left a critical gap in the crypto ecosystem. What is Standard Chartered doing to fill that void?\nKendrick:Those banks were, like you say, very important parts of the crypto ecosystem and we need larger, longer term financial players like Standard Chartered to step into this space. Over the last six months or so, we’ve also seen concerns around centralized exchanges, most notably the FTX collapse in November. Again, I think that presents an opportunity for banks like Standard Chartered to offer broader trading and custody services.\nPlayers like ourselves that have been in other financial spaces for a long time have a lot of the plumbing around these custody and other solutions that are required in the medium term for crypto to grow. It’s time for us to make the step into this space. Over time that will probably lead to an inflow of institutional money, allowing crypto assets and Bitcoin in particular to become much more mainstream.', 'The March collapse of Silvergate, Silicon Valley Bank and Signature – three of the world’s most crypto friendly lenders – left a large hole in banking services for the digital asset financial system. But with blockchain offering a potential route into global finance for parts of the world previously excluded, among myriad other use cases, Standard Chartered’s crypto research chief Geoff Kendrick believes that the world’s largest banks owe it to potential customers in developing economies to fill the void left in crypto. Kendrick talked to Forkast’s Jenny Ortiz-Bolivar about the world’s vast unbanked space and why his bank, Standard Chartered, has adopted a proactive approach to digital assets. The Q&A has been edited for clarity and length. Jenny Ortiz-Bolivar: Standard Chartered Bank’s approach to crypto is much more open to blockchain and crypto technology in comparison to competitors such as HSBC. What exactly is driving that approach? Geoff Kendrick: Obviously, I can’t speak to our competitors in terms of their desire when it comes to crypto. But on the SCB side, we have been relatively early to this space. We recognize the importance of blockchain technology. We recognize the importance of this broader ecosystem to, quite frankly, a lot of our core businesses in terms of financial markets globally. I would say that, over the next 5 to 10 years, the blockchain is going to become a much more important part of financial markets and SCB is at the forefront of that shift. Our core footprint as a bank is in emerging Asia, emerging Africa, and the Middle East. For those regions, some of the core digital asset use cases, and those of Bitcoin and other transactional coins in particular, are incredibly important. In those regions, there are still many individuals and companies that don’t have access to a broader financial asset ecosystem of the kind available in the West. In those countries, alternative financial outcomes are potentially advantageous. There’s therefore a natural overlap between some of our core countries and where Bitcoin and other digital assets can help. Story continues Ortiz-Bolivar: In that regard, how do you view the role of blockchain and crypto in the future of banking? What synergies are we likely to see? Kendrick : In terms of blockchain’s future, there are a number of potential use cases. At one end of the use case spectrum, we have the World Bank telling us that the global unbanked sector has transactions of roughly US$20 trillion a year. As mentioned, quite a lot of that transaction space is unbanked because financial institutions are not available in quite a few of those core countries. If you think about taking those transactions into the blockchain space via Bitcoin or an equivalent using multiples from Visa and MasterCard, for example, even that could get you to a valuation of Bitcoin at around US$50,000. That’s roughly double where we’ve been recently. So, through the blockchain, those in emerging markets – a huge unbanked space – can access a financial system that they’ve otherwise been excluded from. Elsewhere, I think we’ll see a continuation of what traditional financial institutions have already been doing to migrate to blockchain over time. Here I’m thinking about insurance type services. You could imagine they could be offered medium term on blockchain and therefore cheaper because there’s less people in the chain. Similarly, ETF (exchange Traded Fund) type products could end up on blockchain. Essentially the potential use cases are endless when you consider the types of smart contracts Ethereum and others are able to offer. Ortiz-Bolivar: Finally, this year has seen the collapse of a trio of crypto-friendly banks, starting with Silvergate in early March. Those closures have left a critical gap in the crypto ecosystem. What is Standard Chartered doing to fill that void? Kendrick: Those banks were, like you say, very important parts of the crypto ecosystem and we need larger, longer term financial players like Standard Chartered to step into this space. Over the last six months or so, we’ve also seen concerns around centralized exchanges, most notably the FTX collapse in November. Again, I think that presents an opportunity for banks like Standard Chartered to offer broader trading and custody services. Players like ourselves that have been in other financial spaces for a long time have a lot of the plumbing around these custody and other solutions that are required in the medium term for crypto to grow. It’s time for us to make the step into this space. Over time that will probably lead to an inflow of institutional money, allowing crypto assets and Bitcoin in particular to become much more mainstream.', 'Bitcoin HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes. The Government is mulling proposals that would give the tax agency powers to access online wallets as part of plans to modernise how tax is collected in the digital age. HMRC is already able to seize funds from bank accounts when individuals fail to pay tax under \x93direct recovery of debts\x94 powers, but is considering extending this to online payment accounts such as PayPal. A consultation document from HMRC raises the prospect that this could include businesses\x92 cryptocurrency wallets if virtual currencies become a common way of making payments online. The prospect of seizing cryptocurrencies from wallets would be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control. While cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules. Law enforcement agencies are currently able to seize cryptocurrencies from these exchanges when they detect criminal activity. \x93If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,\x94 a HMRC consultation document says. It added that \x93it was unclear how easy this would be due to the fluctuating value of cryptocurrency\x94. The Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies. A HMRC spokesman said: \x93The proposals will help ensure HMRC\x92s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers. Story continues \x93The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals. \x93All of HMRC\x92s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.\x94 Police have seized hundreds of millions of pounds in cryptocurrency linked to criminal operations, often auctioning it off. HMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ cryptocurrency wallets if virtual currencies become a common way of making payments online.\nThe prospect of seizing cryptocurrencies from walletswould be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control.\nWhile cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules.\nLaw enforcement agencies are currently able toseize cryptocurrencies from these exchangeswhen they detect criminal activity.\n“If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,” a HMRC consultation document says.\nIt added that “it was unclear how easy this would be due to the fluctuating value of cryptocurrency”.\nThe Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies.\nA HMRC spokesman said: “The proposals will help ensure HMRC’s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers.\n“The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals.\n“All of HMRC’s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.”\nPolice have seized hundreds of millions of pounds in cryptocurrencylinked to criminal operations, often auctioning it off.\nHMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.', 'Bitcoin HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes. The Government is mulling proposals that would give the tax agency powers to access online wallets as part of plans to modernise how tax is collected in the digital age. HMRC is already able to seize funds from bank accounts when individuals fail to pay tax under \x93direct recovery of debts\x94 powers, but is considering extending this to online payment accounts such as PayPal. A consultation document from HMRC raises the prospect that this could include businesses\x92 cryptocurrency wallets if virtual currencies become a common way of making payments online. The prospect of seizing cryptocurrencies from wallets would be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control. While cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules. Law enforcement agencies are currently able to seize cryptocurrencies from these exchanges when they detect criminal activity. \x93If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,\x94 a HMRC consultation document says. It added that \x93it was unclear how easy this would be due to the fluctuating value of cryptocurrency\x94. The Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies. A HMRC spokesman said: \x93The proposals will help ensure HMRC\x92s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers. Story continues \x93The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals. \x93All of HMRC\x92s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.\x94 Police have seized hundreds of millions of pounds in cryptocurrency linked to criminal operations, often auctioning it off. HMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ cryptocurrency wallets if virtual currencies become a common way of making payments online.\nThe prospect of seizing cryptocurrencies from walletswould be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control.\nWhile cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules.\nLaw enforcement agencies are currently able toseize cryptocurrencies from these exchangeswhen they detect criminal activity.\n“If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,” a HMRC consultation document says.\nIt added that “it was unclear how easy this would be due to the fluctuating value of cryptocurrency”.\nThe Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies.\nA HMRC spokesman said: “The proposals will help ensure HMRC’s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers.\n“The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals.\n“All of HMRC’s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.”\nPolice have seized hundreds of millions of pounds in cryptocurrencylinked to criminal operations, often auctioning it off.\nHMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ cryptocurrency wallets if virtual currencies become a common way of making payments online.\nThe prospect of seizing cryptocurrencies from walletswould be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control.\nWhile cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules.\nLaw enforcement agencies are currently able toseize cryptocurrencies from these exchangeswhen they detect criminal activity.\n“If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,” a HMRC consultation document says.\nIt added that “it was unclear how easy this would be due to the fluctuating value of cryptocurrency”.\nThe Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies.\nA HMRC spokesman said: “The proposals will help ensure HMRC’s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers.\n“The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals.\n“All of HMRC’s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.”\nPolice have seized hundreds of millions of pounds in cryptocurrencylinked to criminal operations, often auctioning it off.\nHMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.\nBroaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $560,142,702,562 - Hash Rate: 331705159.5675005 - Transaction Count: 607883.0 - Unique Addresses: 482095.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Machines Expected to be Electrified and Mining by the End of March 2023 TAMPA, Fla. , March 13, 2023 /PRNewswire/ -- LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that the Company has signed a new contract to host 500 of its bitcoin mining machines with Aspen Creek Digital Corporation aka Longbow HostCo, LLC all of which are expected to be electrified and mining by the end of March 2023 . (PRNewsfoto/LM Funding America) Bruce M. Rodgers , Chairman, and CEO of LM Funding commented, "We are happy to announce that we have signed a new contract to host 500 bitcoin mining machines that will use a mixture of behind-the-meter solar and grid electricity. We expect to have all of these machines fully electrified and operational by the end of March, providing LM Funding with a capacity of approximately 370 petahash. We look forward to bringing additional machines online in the coming quarters, thereby providing the Company with additional bitcoin mining capacity." About LM Funding America LM Funding America, Inc., (Nasdaq: LMFA) together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022 . The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida , as well as in the states of Washington , Colorado , and Illinois , by funding a certain portion of the Associations' rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments. Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov . These risks and uncertainties include, without limitation, uncertainty created by the COVID-19 pandemic, the risks of entering into and operating in the cryptocurrency mining business, the capacity of our bitcoin mining machines and our related ability to purchase power at reasonable prices, t he ability to finance our planned cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the need for capital, our ability to hire and retain new employees, changes in governmental regulations that affect our ability to collect sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations. Story continues Contact: Crescendo Communications, LLC Tel: (212) 671-1021 Email: [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/lm-funding-america-inc-signs-contract-to-host-500-bitcoin-mining-machines-301769090.html SOURCE LM Funding America... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether fell slightly on Sunday, although there\'s potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment.\nInsights:Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and available Layer-2 and sidechain solutions.\nBitcoin Has a Boring Weekend, Despite Binance’s Temporary Withdrawal Pause\nCoinDesk Market Index (CMI)\n1,228\n−0.4▼0.0%\nBitcoin (BTC)\n$28,593\n−327.2▼1.1%\nEthereum (ETH)\n$1,893\n−8.2▼0.4%\nS&P 500\n4,136.25\n+75.0▲1.8%\nGold\n$2,024\n+6.3▲0.3%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,228", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,593", "\\u2212327.2\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,893", "\\u22128.2\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.25", "+75.0\\u25b21.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+6.3\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia. As the East begins its trading week, bitcoin and ether were both recently down a few fractions of a percentage point. Bitcoin was off 0.34% to $28,787, while Ether fell 0.4% to $1,913.\nBitBull Capital CEO Joe DiPasquale points to meme coins as a reason for a pump in market sentiment but fairly flat activity for the crypto majors.\n“The market hasn’t moved strongly this week, but the market sentiment has been on a rollercoaster with meme coin mania at peak,” DiPasquale wrote to CoinDesk in a note. “WithPEPE and other meme coinsposting high five-figure percentage gains, we wouldn’t be surprised if a market-wide rally materializes in the near term.”\nDiPasquale notes that bitcoin still hasn’t tested support levels on the downside, and that Bollinger Bands continue to tighten. This means that the gap between the upper and lower bands is narrowing, indicating a decrease in market volatility. This typically suggests that a significant price movement might be on the horizon, as periods of low volatility often precede larger market trends.\n“Moving forward, we’d expect a strong bounce off $25K to continue another leg above $30K,” DiPasquale concluded.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.6%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.9%", "DACS Sector": "Entertainment"}]\nBitcoin Maximalists Find Ordinals Annoying, but They Are a Needed Revenue Source for Miners\nThe Bitcoin community is at acrossroads right now.\nOn the one hand, some of the largest miners are eitherworking through bankruptcyproceedings,getting bailouts, or arerestructuring debt– all of this a hangover from a brutal, bearish 2022. At the same time, many in the bitcoin communityare decrying the congested, expensive state of the bitcoin network caused by thesurge in the popularityof the NFT-like Ordinal inscriptions. Binance’stemporary pauseof bitcoin withdrawals on Sunday was proof that there’s a problem brewing.\nFor the uninitiated, Ordinal Inscriptions, akin to NFTs, are digital assets inscribed on satoshis (the smallest currency unit of bitcoin) enabled by the Taproot upgrade, allowing for smart contracts and the minting of NFTs directly onto the Bitcoin blockchain.\nThe scale of ordinals’ growth has been immense (though many of them are just text).Earlier this month, the number of ordinals surpassed three million, andnow that number is just over four million.\nIn the long run, however, cash-strapped miners are going to be a big beneficiary of this newfound interest in the bitcoin blockchain.\nAccording todata compiledby the user dgtl_assets on Dune, ordinal inscriptions are now producing daily fees just north of $2.7 million, with the total fees coming in at around $14 million.\nIn an April note,Grayscale arguedthat the surge in fees from ordinals is useful for incentivizing mining and thus, securing the network.\n“While some are critical of ordinals, cautioning against bloating the blockchain or harming fungibility, we believe that ordinals represent one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem,” Grayscale wrote. “The advent of ordinals has led to an increase in total fees paid to miners, which could potentially establish a sustainable baseline level of transaction fees to incentivize miners.”\nGrayscale and CoinDesk share the same parent company in Digital Currency Group.\nWhen balancing network security versus a new channel of mining incentives versus the annoyance of congestion, which one wins? Probably the new incentives channel.\nRealistically, this could do a lot to help plug holes in miners’ balance sheets. Sure, bailouts could also be a solution, but that would centralize mining around stakeholders likeBinanceand Galaxy Digital.\nAnd for those complaining, there are plenty of solutions readily available, like Layer-2s or sidechains such as the Lightning Network or Liquid.\nBitcoiners should celebrate ordinals and be glad that the market is signaling they are here to stay.\n3:30 a.m. HKT/SGT(19:30 UTC)Japan Overall Household Spending (YoY/March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Retail Sales (QoQ/Q1)\n7:00 a.m. HKT/SGT(23:00 UTC)China Trade Balance\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $29K After April Jobs Report; Are CBDCs Becoming a Presidential Election Issue?\nThe U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a Bureau of Labor Statistics report. Separately, CoinDesk\'s Executive Director of Global Content, Emily Parker, explained why central bank digital currencies could become a topic in the U.S. presidential election. Mysten Labs CEO Evan Cheng and Chase White from Compass Point Research also joined the conversation.\nPepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit:A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.\nPump the BRCs: The Promise and Peril of Bitcoin-backed Tokens:A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?"\nAlibaba Says ‘Open Sesame’ to Web3:The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.\nCoinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty:The crypto exchange’s first quarter revenue of $773 million was up 23% from the previous three months and blew past estimates for just $655 million.\nNFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity:Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.', 'Good morning. Here’s what’s happening: Prices: Bitcoin and ether fell slightly on Sunday, although there\'s potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment. Insights: Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and available Layer-2 and sidechain solutions. Prices Bitcoin Has a Boring Weekend, Despite Binance’s Temporary Withdrawal Pause CoinDesk Market Index (CMI) 1,228 −0.4 ▼ 0.0% Bitcoin (BTC) $28,593 −327.2 ▼ 1.1% Ethereum (ETH) $1,893 −8.2 ▼ 0.4% S&P 500 4,136.25 +75.0 ▲ 1.8% Gold $2,024 +6.3 ▲ 0.3% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,228 −0.4 ▼ 0.0% Bitcoin (BTC) $28,593 −327.2 ▼ 1.1% Ethereum (ETH) $1,893 −8.2 ▼ 0.4% S&P 500 4,136.25 +75.0 ▲ 1.8% Gold $2,024 +6.3 ▲ 0.3% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia. As the East begins its trading week, bitcoin and ether were both recently down a few fractions of a percentage point. Bitcoin was off 0.34% to $28,787, while Ether fell 0.4% to $1,913. BitBull Capital CEO Joe DiPasquale points to meme coins as a reason for a pump in market sentiment but fairly flat activity for the crypto majors. “The market hasn’t moved strongly this week, but the market sentiment has been on a rollercoaster with meme coin mania at peak,” DiPasquale wrote to CoinDesk in a note. “With PEPE and other meme coins posting high five-figure percentage gains, we wouldn’t be surprised if a market-wide rally materializes in the near term.” DiPasquale notes that bitcoin still hasn’t tested support levels on the downside, and that Bollinger Bands continue to tighten. This means that the gap between the upper and lower bands is narrowing, indicating a decrease in market volatility. This typically suggests that a significant price movement might be on the horizon, as periods of low volatility often precede larger market trends. Story continues “Moving forward, we’d expect a strong bounce off $25K to continue another leg above $30K,” DiPasquale concluded. Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +1.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −2.6% Currency Terra LUNA −2.2% Smart Contract Platform Decentraland MANA −1.9% Entertainment Insights Bitcoin Maximalists Find Ordinals Annoying, but They Are a Needed Revenue Source for Miners The Bitcoin community is at a crossroads right now. On the one hand, some of the largest miners are either working through bankruptcy proceedings, getting bailouts , or are restructuring debt – all of this a hangover from a brutal, bearish 2022. At the same time, many in the bitcoin community are decrying the congested , expensive state of the bitcoin network caused by the surge in the popularity of the NFT-like Ordinal inscriptions. Binance’s temporary pause of bitcoin withdrawals on Sunday was proof that there’s a problem brewing. For the uninitiated, Ordinal Inscriptions, akin to NFTs, are digital assets inscribed on satoshis (the smallest currency unit of bitcoin) enabled by the Taproot upgrade, allowing for smart contracts and the minting of NFTs directly onto the Bitcoin blockchain. The scale of ordinals’ growth has been immense (though many of them are just text). Earlier this month , the number of ordinals surpassed three million, and now that number is just over four million . In the long run, however, cash-strapped miners are going to be a big beneficiary of this newfound interest in the bitcoin blockchain. According to data compiled by the user dgtl_assets on Dune, ordinal inscriptions are now producing daily fees just north of $2.7 million, with the total fees coming in at around $14 million. In an April note, Grayscale argued that the surge in fees from ordinals is useful for incentivizing mining and thus, securing the network. “While some are critical of ordinals, cautioning against bloating the blockchain or harming fungibility, we believe that ordinals represent one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem,” Grayscale wrote. “The advent of ordinals has led to an increase in total fees paid to miners, which could potentially establish a sustainable baseline level of transaction fees to incentivize miners.” Grayscale and CoinDesk share the same parent company in Digital Currency Group. When balancing network security versus a new channel of mining incentives versus the annoyance of congestion, which one wins? Probably the new incentives channel. Realistically, this could do a lot to help plug holes in miners’ balance sheets. Sure, bailouts could also be a solution, but that would centralize mining around stakeholders like Binance and Galaxy Digital. And for those complaining, there are plenty of solutions readily available, like Layer-2s or sidechains such as the Lightning Network or Liquid. Bitcoiners should celebrate ordinals and be glad that the market is signaling they are here to stay. Important events. 3:30 a.m. HKT/SGT(19:30 UTC) Japan Overall Household Spending (YoY/March) 5:30 a.m. HKT/SGT(21:30 UTC) Australia Retail Sales (QoQ/Q1) 7:00 a.m. HKT/SGT(23:00 UTC) China Trade Balance CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $29K After April Jobs Report; Are CBDCs Becoming a Presidential Election Issue? The U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a Bureau of Labor Statistics report. Separately, CoinDesk\'s Executive Director of Global Content, Emily Parker, explained why central bank digital currencies could become a topic in the U.S. presidential election. Mysten Labs CEO Evan Cheng and Chase White from Compass Point Research also joined the conversation. Headlines Pepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit : A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham. Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens : A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?" Alibaba Says ‘Open Sesame’ to Web3 : The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform. Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty : The crypto exchange’s first quarter revenue of $773 million was up 23% from the previous three months and blew past estimates for just $655 million. NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity : Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether fell slightly on Sunday, although there\'s potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment.\nInsights:Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and available Layer-2 and sidechain solutions.\nBitcoin Has a Boring Weekend, Despite Binance’s Temporary Withdrawal Pause\nCoinDesk Market Index (CMI)\n1,228\n−0.4▼0.0%\nBitcoin (BTC)\n$28,593\n−327.2▼1.1%\nEthereum (ETH)\n$1,893\n−8.2▼0.4%\nS&P 500\n4,136.25\n+75.0▲1.8%\nGold\n$2,024\n+6.3▲0.3%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,228", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,593", "\\u2212327.2\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,893", "\\u22128.2\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.25", "+75.0\\u25b21.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+6.3\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia. As the East begins its trading week, bitcoin and ether were both recently down a few fractions of a percentage point. Bitcoin was off 0.34% to $28,787, while Ether fell 0.4% to $1,913.\nBitBull Capital CEO Joe DiPasquale points to meme coins as a reason for a pump in market sentiment but fairly flat activity for the crypto majors.\n“The market hasn’t moved strongly this week, but the market sentiment has been on a rollercoaster with meme coin mania at peak,” DiPasquale wrote to CoinDesk in a note. “WithPEPE and other meme coinsposting high five-figure percentage gains, we wouldn’t be surprised if a market-wide rally materializes in the near term.”\nDiPasquale notes that bitcoin still hasn’t tested support levels on the downside, and that Bollinger Bands continue to tighten. This means that the gap between the upper and lower bands is narrowing, indicating a decrease in market volatility. This typically suggests that a significant price movement might be on the horizon, as periods of low volatility often precede larger market trends.\n“Moving forward, we’d expect a strong bounce off $25K to continue another leg above $30K,” DiPasquale concluded.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.6%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.9%", "DACS Sector": "Entertainment"}]\nBitcoin Maximalists Find Ordinals Annoying, but They Are a Needed Revenue Source for Miners\nThe Bitcoin community is at acrossroads right now.\nOn the one hand, some of the largest miners are eitherworking through bankruptcyproceedings,getting bailouts, or arerestructuring debt– all of this a hangover from a brutal, bearish 2022. At the same time, many in the bitcoin communityare decrying the congested, expensive state of the bitcoin network caused by thesurge in the popularityof the NFT-like Ordinal inscriptions. Binance’stemporary pauseof bitcoin withdrawals on Sunday was proof that there’s a problem brewing.\nFor the uninitiated, Ordinal Inscriptions, akin to NFTs, are digital assets inscribed on satoshis (the smallest currency unit of bitcoin) enabled by the Taproot upgrade, allowing for smart contracts and the minting of NFTs directly onto the Bitcoin blockchain.\nThe scale of ordinals’ growth has been immense (though many of them are just text).Earlier this month, the number of ordinals surpassed three million, andnow that number is just over four million.\nIn the long run, however, cash-strapped miners are going to be a big beneficiary of this newfound interest in the bitcoin blockchain.\nAccording todata compiledby the user dgtl_assets on Dune, ordinal inscriptions are now producing daily fees just north of $2.7 million, with the total fees coming in at around $14 million.\nIn an April note,Grayscale arguedthat the surge in fees from ordinals is useful for incentivizing mining and thus, securing the network.\n“While some are critical of ordinals, cautioning against bloating the blockchain or harming fungibility, we believe that ordinals represent one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem,” Grayscale wrote. “The advent of ordinals has led to an increase in total fees paid to miners, which could potentially establish a sustainable baseline level of transaction fees to incentivize miners.”\nGrayscale and CoinDesk share the same parent company in Digital Currency Group.\nWhen balancing network security versus a new channel of mining incentives versus the annoyance of congestion, which one wins? Probably the new incentives channel.\nRealistically, this could do a lot to help plug holes in miners’ balance sheets. Sure, bailouts could also be a solution, but that would centralize mining around stakeholders likeBinanceand Galaxy Digital.\nAnd for those complaining, there are plenty of solutions readily available, like Layer-2s or sidechains such as the Lightning Network or Liquid.\nBitcoiners should celebrate ordinals and be glad that the market is signaling they are here to stay.\n3:30 a.m. HKT/SGT(19:30 UTC)Japan Overall Household Spending (YoY/March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Retail Sales (QoQ/Q1)\n7:00 a.m. HKT/SGT(23:00 UTC)China Trade Balance\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $29K After April Jobs Report; Are CBDCs Becoming a Presidential Election Issue?\nThe U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a Bureau of Labor Statistics report. Separately, CoinDesk\'s Executive Director of Global Content, Emily Parker, explained why central bank digital currencies could become a topic in the U.S. presidential election. Mysten Labs CEO Evan Cheng and Chase White from Compass Point Research also joined the conversation.\nPepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit:A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.\nPump the BRCs: The Promise and Peril of Bitcoin-backed Tokens:A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?"\nAlibaba Says ‘Open Sesame’ to Web3:The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.\nCoinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty:The crypto exchange’s first quarter revenue of $773 million was up 23% from the previous three months and blew past estimates for just $655 million.\nNFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity:Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.', '* Four hour block on bitcoin withdrawals across Sunday and Monday * Pending transactions cleared with higher fees - Binance (Recasts with fees detail, updates Bitcoin price, adds fresh Binance and expert quote, turnover data) SINGAPORE, May 8 (Reuters) - Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday the world\'s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it hadn\'t offered so-called miners a high enough reward to log the trades on the blockchain. The halt pushed bitcoin lower though its losses were marginal, with the cryptocurrency last down about 1% to $28,162, its lowest in nearly a week. "Our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said in a tweet. "We\'re replacing the pending bictoin withdrawal transactions with a higher fee so that they get picked up by mining pools." Gas fees refer to payments made to crypto miners whose computing power processes transactions on the blockchain. "If the withdrawal amount is large, the gas fee required to process the transaction may also be large, especially during times of high network congestion," Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion. "We need more information as to what has led to the large withdrawals." After an hour-long stoppage late on Sunday and several hours on Monday, Binance said withdrawals resumed. "To prevent a similar recurrence ... our fees have been adjusted." In a separate tweet Binance denied there had been large outflows from the platform. In March, Binance had suspended deposits and withdrawals citing tech issues. Twenty-four hour trading volume on Binance was $6.9 billion according to analytics site CoinMarketCap, more than eight times the next-largest venue, Coinbase. (Reporting by Rae Wee in Singapore and Akanksha Khushi in Bengaluru; Editing by Muralikumar Anantharaman, Jacqueline Wong & Simon Cameron-Moore) View comments', '\nFour hour block on bitcoin withdrawals across Sunday and Monday\n\nPending transactions cleared with higher fees - Binance\n(Recasts with fees detail, updates Bitcoin price, adds fresh Binance and expert quote, turnover data)\nSINGAPORE, May 8 (Reuters) - Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost.\nLate on Sunday and again early on Monday the world\'s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it hadn\'t offered so-called miners a high enough reward to log the trades on the blockchain.\nThe halt pushed bitcoin lower though its losses were marginal, with the cryptocurrency last down about 1% to $28,162, its lowest in nearly a week.\n"Our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said in a tweet. "We\'re replacing the pending bictoin withdrawal transactions with a higher fee so that they get picked up by mining pools."\nGas fees refer to payments made to crypto miners whose computing power processes transactions on the blockchain.\n"If the withdrawal amount is large, the gas fee required to process the transaction may also be large, especially during times of high network congestion," Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion.\n"We need more information as to what has led to the large withdrawals." After an hour-long stoppage late on Sunday and several hours on Monday, Binance said withdrawals resumed.\n"To prevent a similar recurrence ... our fees have been adjusted." In a separate tweet Binance denied there had been large outflows from the platform.\nIn March, Binance had suspended deposits and withdrawals citing tech issues. Twenty-four hour trading volume on Binance was $6.9 billion according to analytics site CoinMarketCap, more than eight times the next-largest venue, Coinbase.\n(Reporting by Rae Wee in Singapore and Akanksha Khushi in Bengaluru; Editing by Muralikumar Anantharaman, Jacqueline Wong & Simon Cameron-Moore)', "Argentina\x92s Payment Apps Can No Longer Offer Crypto Argentina\x92s Payment Apps Can No Longer Offer Crypto The central bank of Argentina has issued a new rule that prohibits payment providers from enabling crypto transactions on their platforms. The bank claims that this measure is aimed at reducing the exposure of the country's payment system to digital assets, which are not regulated by any national authority. The rule applies to both payment fintechs and financial institutions that offer payment accounts. This decision could have a significant impact on the local crypto industry, which has been growing rapidly amid the economic crisis and hyperinflation in Argentina. The price of Bitcoin in Argentine pesos reached an all-time high in April, surging more than 100% since the beginning of the year. The Argentine peso, on the other hand, has lost almost half of its value against the US dollar in the past year. Some regions in Argentina have already adopted cryptocurrencies as a way to hedge against inflation and currency devaluation. For example, the province of San Luis launched its own stablecoin pegged to the US dollar in December, which is available to all residents and backed by liquid financial assets. Additionally, some 30% of consumers in the country are said to use stablecoins for day-to-day transactions.", "The central bank of Argentina has issued a new rule that prohibits payment providers from enabling crypto transactions on their platforms. The bank claims that this measure is aimed at reducing the exposure of the country's payment system to digital assets, which are not regulated by any national authority. The rule applies to both payment fintechs and financial institutions that offer payment accounts.\nThis decision could have a significant impact on the local crypto industry, which has been growing rapidly amid the economic crisis and hyperinflation in Argentina. The price of Bitcoin in Argentine pesos reached an all-time high in April, surging more than 100% since the beginning of the year. The Argentine peso, on the other hand, has lost almost half of its value against the US dollar in the past year.\nSome regions in Argentina have already adopted cryptocurrencies as a way to hedge against inflation and currency devaluation. For example, the province of San Luis launched its own stablecoin pegged to the US dollar in December, which is available to all residents and backed by liquid financial assets. Additionally, some 30% of consumers in the country are said to use stablecoins for day-to-day transactions.", "Controversy Rises as Bitcoin Transaction Fees Continue Climb to Historical Highs Controversy Rises as Bitcoin Transaction Fees Continue Climb to Historical Highs A recent phenomenon in the Bitcoin network has raised some concerns among users and observers. Some transactions are embedding images, texts, and other data into Bitcoin's blockchain using a technique called Ordinals Inscription. This process takes advantage of some updates to Bitcoin's code that allow for more flexibility and scalability, such as SegWit and Taproot. However, not everyone is happy with this trend. Some critics argue that the ordinals protocol is an attack on Bitcoin's fungibility, meaning that each bitcoin should be indistinguishable from another. They claim that by adding arbitrary data to the blockchain, ordinals make some bitcoins more valuable or desirable than others, depending on their content. For example, some ordinals inscriptions contain NFTs or digital art that could have a market value. Another concern is that ordinals could pose a threat to Bitcoin's mission in El Salvador, where it is legal tender. Some fear that by filling up the blockchain with unnecessary data, ordinals could increase transaction fees and congestion, making Bitcoin less accessible and affordable for ordinary people. Ordinals are a controversial topic in the Bitcoin community, and there is no clear consensus on whether it is an improvement or an attack. Some see it as a way of expressing creativity and innovation, while others see it as a way of abusing and undermining Bitcoin's core principles.", "A recent phenomenon in the Bitcoin network has raised some concerns among users and observers. Some transactions are embedding images, texts, and other data into Bitcoin's blockchain using a technique called Ordinals Inscription. This process takes advantage of some updates to Bitcoin's code that allow for more flexibility and scalability, such as SegWit and Taproot.\nHowever, not everyone is happy with this trend. Some critics argue that the ordinals protocol is an attack on Bitcoin's fungibility, meaning that each bitcoin should be indistinguishable from another. They claim that by adding arbitrary data to the blockchain, ordinals make some bitcoins more valuable or desirable than others, depending on their content. For example, some ordinals inscriptions contain NFTs or digital art that could have a market value.\nAnother concern is that ordinals could pose a threat to Bitcoin's mission in El Salvador, where it is legal tender. Some fear that by filling up the blockchain with unnecessary data, ordinals could increase transaction fees and congestion, making Bitcoin less accessible and affordable for ordinary people.\nOrdinals are a controversial topic in the Bitcoin community, and there is no clear consensus on whether it is an improvement or an attack. Some see it as a way of expressing creativity and innovation, while others see it as a way of abusing and undermining Bitcoin's core principles.", "A recent phenomenon in the Bitcoin network has raised some concerns among users and observers. Some transactions are embedding images, texts, and other data into Bitcoin's blockchain using a technique called Ordinals Inscription. This process takes advantage of some updates to Bitcoin's code that allow for more flexibility and scalability, such as SegWit and Taproot.\nHowever, not everyone is happy with this trend. Some critics argue that the ordinals protocol is an attack on Bitcoin's fungibility, meaning that each bitcoin should be indistinguishable from another. They claim that by adding arbitrary data to the blockchain, ordinals make some bitcoins more valuable or desirable than others, depending on their content. For example, some ordinals inscriptions contain NFTs or digital art that could have a market value.\nAnother concern is that ordinals could pose a threat to Bitcoin's mission in El Salvador, where it is legal tender. Some fear that by filling up the blockchain with unnecessary data, ordinals could increase transaction fees and congestion, making Bitcoin less accessible and affordable for ordinary people.\nOrdinals are a controversial topic in the Bitcoin community, and there is no clear consensus on whether it is an improvement or an attack. Some see it as a way of expressing creativity and innovation, while others see it as a way of abusing and undermining Bitcoin's core principles.", 'Binance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffers from unprecedented congestion. $BTC withdrawals are now resumed on #Binance . Pending transactions are being processed by replacing them with higher transaction fees. We\'ll post another update once these pending transactions are all processed. \x97 Binance (@binance) May 8, 2023 Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours. "To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed," Binance said in a tweet . "Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations." The number of unconfirmed transactions was approaching 500,000 when the second halt took place, from around 400,000 when the first pause occurred. It is now beginning to decline, and is currently just over 430,000 over a 12-hour period. The price of bitcoin continues to drift downward and is now at $28,240, down 2.6% in the last 24 hours. CoinGecko data shows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs. UPDATE (May 8, 2023, 05:00 UTC) Updates the story throughout.', 'Binance hasonce again resumed bitcoin (BTC) withdrawalsafter a second pause, as the Bitcoin network suffers from unprecedented congestion.\nBinance briefly paused bitcoin withdrawals foraround two hours Sunday afternoon U.S. timeas the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours.\n"To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed,"Binance said in a tweet. "Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations."\nThe number of unconfirmed transactionswas approaching 500,000 when the second halt took place, from around 400,000 when the first pause occurred. It is now beginning to decline, and is currently just over 430,000 over a 12-hour period.\nThe price of bitcoincontinues to drift downward and is now at $28,240, down 2.6% in the last 24 hours.\nCoinGecko datashows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs.\nUPDATE (May 8, 2023, 05:00 UTC)Updates the story throughout.', 'Binance hasonce again resumed bitcoin (BTC) withdrawalsafter a second pause, as the Bitcoin network suffers from unprecedented congestion.\nBinance briefly paused bitcoin withdrawals foraround two hours Sunday afternoon U.S. timeas the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours.\n"To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed,"Binance said in a tweet. "Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations."\nThe number of unconfirmed transactionswas approaching 500,000 when the second halt took place, from around 400,000 when the first pause occurred. It is now beginning to decline, and is currently just over 430,000 over a 12-hour period.\nThe price of bitcoincontinues to drift downward and is now at $28,240, down 2.6% in the last 24 hours.\nCoinGecko datashows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs.\nUPDATE (May 8, 2023, 05:00 UTC)Updates the story throughout.', "Voyager Digital Will Liquidate After Failing to Find Buyer Voyager Digital Will Liquidate After Failing to Find Buyer Voyager Digital, a crypto broker that went bankrupt last year, has given up on finding a buyer and decided to liquidate its assets and wind down its business. The company had previously tried to sell itself to FTX US and Binance US, but both deals fell through due to regulatory hurdles and other issues. According to a filing on Friday, Voyager customers will be able to recover only 36% of their crypto holdings, which is much lower than the 72-73% they would have received if the Binance US deal had gone ahead. However, this percentage could increase if Voyager wins a legal dispute with Alameda Research, a crypto trading firm that claims $446 million from Voyager's estate. Voyager will allow customers to withdraw their funds directly if they have any of the 67 supported tokens, such as Bitcoin and Ether. However, some tokens that cannot be withdrawn will be sold and converted to cash for customers. Voyager said on Twitter that it hopes to start making initial distributions to customers in the next few weeks. However, the plan could face objections from creditors or other parties, which would delay the process.", "Voyager Digital, a crypto broker that went bankrupt last year, has given up on finding a buyer and decided to liquidate its assets and wind down its business. The company had previously tried to sell itself to FTX US and Binance US, but both deals fell through due to regulatory hurdles and other issues.\nAccording to a filing on Friday, Voyager customers will be able to recover only 36% of their crypto holdings, which is much lower than the 72-73% they would have received if the Binance US deal had gone ahead. However, this percentage could increase if Voyager wins a legal dispute with Alameda Research, a crypto trading firm that claims $446 million from Voyager's estate.\nVoyager will allow customers to withdraw their funds directly if they have any of the 67 supported tokens, such as Bitcoin and Ether. However, some tokens that cannot be withdrawn will be sold and converted to cash for customers.\nVoyager said on Twitter that it hopes to start making initial distributions to customers in the next few weeks. However, the plan could face objections from creditors or other parties, which would delay the process.", 'Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 resistance ceiling over the weekend. Ether dropped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded flat to lower. XRP led the losers. U.S. equity futures traded flat after Wall Street\x92s Friday rally. Stock investors have the U.S. consumer price index (CPI) out on Wednesday for the next look at the pace of inflation and a week ahead to find out if worries about the banking industry will ease. See related article: Largest banks should fill void left in crypto following collapses, says Standard Chartered\x92s Geoff Kendrick Top 10 crypto lose steam Image: Envato Elements Bitcoin dropped 1.34% to US$28,594 in the 24 hours to 09:00 a.m. in Hong Kong, according to CoinMarketCap data , losing 2.45% for the week. The world\x92s largest cryptocurrency reached a weekly high of US$29,820 on Saturday, but then lost momentum. U.S. President Joe Biden is pushing for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, which could add downward pressure to the crypto market as miners may need to sell more Bitcoin to stay profitable. Ether dipped 1.34% to US$1,882, inching down 0.10% for the week. The second largest cryptocurrency breached the US$2,000 resistance level on Saturday, but later fell back. Etherscan data showed the Ethereum Foundation moved about 15,000 Ether (US$30 million) to crypto exchange Kraken, a move that usually precedes sales. Most other top 10 non-stablecoin cryptocurrencies logged losses for the past 24 hours, with the exception of Litecoin, which edged up 0.71% to US$84.48, but traded down 4.71% for the week. XRP led the losers, falling 1.88% to US$0.4514 and moving down 4.31% for the week. Polkadot dropped 0.40% to US$5.64 and traded down 4.30% for the past seven days. Despite the price drop, the Polkadot blockchain is seeing increasing adoption from traditional finance. Deloitte, one of the Big Four accounting firms, said last Thursday it had integrated KLT protocol \x96 a parachain of the Polkadot network \x96 to improve the verification process in the company\x92s Know Your Customer/Know Your Business checks. Story continues The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.18 trillion. The total trading volume fell 24.79% to US$28.93 billion. NFT The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index slid 1.81% to 3,524.43 in the 24 hours to 09:00 a.m. in Hong Kong, falling 5.59% for the week. The Ethereum blockchain saw its 24-hour NFT sales edge up 1.69% to US$14.99 million, but also logged US$11.11 million of \x93wash trades\x94, which surged 30.27%, according to data from CryptoSlam . Wash trades involve an investor acting as both the buyer and seller of an asset to generate misleading trading volume and potentially manipulate prices. The practice is illegal in U.S. securities markets. \x93Wash trades make up a significant percentage of monthly transactions and are still largely driven by traders\x92 farming points on the Blur marketplace,\x94 according to Forkast Labs NFT strategist Yehudah Petscher in a commentary on Saturday. He noted that \x93while the total USD volume of global sales has been up in the past seven days, the Forkast 500, with wash sales removed, shows the NFT market actually losing value and is down over 2%.\x94 Equities Image: Envato Elements U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.07%. The S&P 500 futures moved down 0.10%. And the Nasdaq Composite futures inched 0.09% lower. The three U.S. stock indexes rallied on Friday, helped by strong earnings at Apple and a 4.69% jump in the company\x92s share price on the day. Worries about the U.S. banking industry eased somewhat after JPMorgan Chase upgraded the outlook of three U.S. regional banks \x96 Western Alliance Bancorp., Zions Bancorp. and Comerica Inc. \x96 saying their stock prices were \x93substantially mispriced,\x94 according to Bloomberg on Saturday . The share price of lender PacWest Bancorp bounced back 81% on Friday after a 50% slump the day before. April CPI numbers coming on Wednesday are forecast to rise 5.5% on year, a slight slowing from 5.6% in the previous month, according to Bloomberg on Sunday. The inflation number is watched as a signal for whether the Federal Reserve may pause its interest rate hikes in June. Meanwhile, concerns rumble on that the U.S. government could default on its debt as early as June, with the U.S. Treasury Secretary Janet Yellen again warning on Sunday that a constitutional crisis could be triggered if Congress failed to raise the debt ceiling in time, according to Reuters . The potential default of the U.S. government could \x93negatively impact the price of Bitcoin and other cryptocurrencies as part of a further risk-off approach by investors,\x94 said Mikkel Morch \x96 Chairman and Non-Executive Director at crypto hedge fund ARK36 \x96 in an emailed statement on Friday. The Fed\x92s next move on interest rates is due on June 14. Analysts at the CME Group now expect a 90.4% chance the Fed will keep the rates unchanged at 5% to 5.25%, and a 9.6% chance for another 25 basis-point rate hike. (Corrects wash trade figures in second paragraph in NFT section.) See related article: Pepe, Floki to list on Binance exchange', 'Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 resistance ceiling over the weekend. Ether dropped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded flat to lower. XRP led the losers. U.S. equity futures traded flat after Wall Street’s Friday rally. Stock investors have the U.S. consumer price index (CPI) out on Wednesday for the next look at the pace of inflation and a week ahead to find out if worries about the banking industry will ease.\nSee related article:Largest banks should fill void left in crypto following collapses, says Standard Chartered’s Geoff Kendrick\nBitcoin dropped 1.34% to US$28,594 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data, losing 2.45% for the week. The world’s largest cryptocurrency reached a weekly high of US$29,820 on Saturday, but then lost momentum.\nU.S. President Joe Biden is pushing for atax on cryptocurrency minersequal to 30% of the cost of the power they use, which could add downward pressure to the crypto market as miners may need to sell more Bitcoin to stay profitable.\nEther dipped 1.34% to US$1,882, inching down 0.10% for the week. The second largest cryptocurrency breached the US$2,000 resistance level on Saturday, but later fell back.Etherscan datashowed the Ethereum Foundation moved about 15,000 Ether (US$30 million) to crypto exchange Kraken, a move that usually precedes sales.\nMost other top 10 non-stablecoin cryptocurrencies logged losses for the past 24 hours, with the exception of Litecoin, which edged up 0.71% to US$84.48, but traded down 4.71% for the week.\nXRP led the losers, falling 1.88% to US$0.4514 and moving down 4.31% for the week.\nPolkadot dropped 0.40% to US$5.64 and traded down 4.30% for the past seven days. Despite the price drop, the Polkadot blockchain is seeing increasing adoption from traditional finance. Deloitte, one of the Big Four accounting firms,saidlast Thursday it had integratedKLT protocol– a parachain of the Polkadot network – to improve the verification process in the company’s Know Your Customer/Know Your Business checks.\nThe total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.18 trillion. The total trading volume fell 24.79% to US$28.93 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index slid 1.81% to 3,524.43 in the 24 hours to 09:00 a.m. in Hong Kong, falling 5.59% for the week.\nThe Ethereum blockchain saw its 24-hour NFT sales edge up 1.69% to US$14.99 million, but also logged US$11.11 million of “wash trades”, which surged 30.27%, according to data fromCryptoSlam.\nWash trades involve an investor acting as both the buyer and seller of an asset to generate misleading trading volume and potentially manipulate prices. The practice is illegal in U.S. securities markets.\n“Wash trades make up a significant percentage of monthly transactions and are still largely driven by traders’ farming points on the Blur marketplace,” according to Forkast Labs NFT strategist Yehudah Petscher in acommentaryon Saturday. He noted that “while the total USD volume of global sales has been up in the past seven days, the Forkast 500, with wash sales removed, shows the NFT market actually losing value and is down over 2%.”\nU.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.07%. The S&P 500 futures moved down 0.10%. And the Nasdaq Composite futures inched 0.09% lower.\nThe three U.S. stock indexes rallied on Friday, helped by strong earnings atAppleand a 4.69% jump in the company’s share price on the day.\nWorries about the U.S. banking industry eased somewhat after JPMorgan Chase upgraded the outlook of three U.S. regional banks – Western Alliance Bancorp., Zions Bancorp. and Comerica Inc. – saying their stock prices we Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $539,751,464,050 - Hash Rate: 326932423.4586156 - Transaction Count: 575051.0 - Unique Addresses: 552358.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks erased earlier gains to close lowers despite cooler-than-expected March inflation data. • The consumer price index increased 0.1% last month compared to estimates of 0.2%. • The Fed expects the economy to slip into a recession later this year, meeting minutes show. US stocks declined on Wednesday as investors assess concerns over a coming recession. Meeting minutes releasedby the Federal Reserve said policymakers anticipate banking sector turmoil to send the economy into a downturn later this year. Equities erased earlier gains in the session, which were spurred by a cooler-than-expected March inflation report. "Reflecting the effects of less projected tightness in product and labor markets, core inflation was forecast to slow sharply next year," FOMC minutes said. The consumer price index increased 0.1% month-over-month in March compared to analysts' estimates of 0.2%, and was up 5% from a year ago Excluding food and energy prices, the closely watched core CPI increased 5.6% on an yearly basis compared to 5.5% in February. Inflation levels remains elevated as the US central bank tries to wrangle it down to its 2% target. Fed fund futures are showing odds favor a 25 basis-point rate hike in May and for the Fed to begin cutting interest rates in July. Here's where US indexes stood shortly after the 4:00 p.m. ET close on Wednesday: • S&P 500:4,091.95, down 0.41% • Dow Jones Industrial Average:33,646.50, down 0.11% (38.29 points) • Nasdaq Composite:11,929.34, down 0.85% Here's what else is happening this morning: • IIF chief warns that the largestthreat to the banking sectoris the central banks' monetary tightening campaigns and geopolitical woes. • Berkshire Hathaway chairman Warren Buffett saysbitcoin is a "gambling token"with zero value. • Surging interest rates and banking concerns pose significant risks to lending, according to Bill Gross and Jeffrey Gundlach, who both predicta credit crunch. • Here are few signals that have to flash in order for stocks to enter a sustainable bull market, according toFairlead Strategies'Katie Stockton. • Economist David Rosenberg breaks down why another central bank interest rate hikeswill be a mistake. In commodities, bonds and crypto: • West Texas Intermediate crudeoil rose 2% to $83.23 per barrel.Brent crude, oil's international benchmark, jumped 1.9% to $87.25. • Goldrose 0.5% to $2,028.70 per ounce. • The yield on the 10-year Treasury was flat at 3.40%. • Bitcoin rose slightly to $30,216.03, while ether fell 1.33% to $1,892. Read the original article onBusiness Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The world’s biggest cryptocurrency exchange today moved around billions of dollars of its own Bitcoin—leading some to think that it was withdrawing gargantuan amounts of crypto.\nBinance moved over $5 billion in the biggest cryptocurrency since yesterday, representing nearly 30% of the exchange’s net BTC reserve balance.\nData from Coinglassshowedthat over 183,080 BTC flowed out of the exchange in 24 hours, prompting some experts to comment on the “unusual” movements—and spooking others.\nThe movements came just after Binancetemporarily pausedBTC withdrawals on its platform.But Binance later said that the transfers were nothing to worry about.\nBinance Pauses Bitcoin Withdrawals, Blames Network Congestion\n“We’re aware that some data are showing a large volume of outflows from Binance,” the exchange said on Twitter. “This ‘outflow’ [sic] are actually movements between Binance hot and cold wallets due to the BTC address adjustments.”\nA Binance spokesperson toldDecryptthat the movements were not reason for concern, pointing to a tweet from CryptoQuant head of research Julio Moreno, who said the movements were down to “newly created change addresses” owned by the exchange.\nAs the world’s biggest digital asset exchange, users keep an eye on large Binance transactions. Such movements can often be interpreted as signals of investor confidence in the company—or the lack thereof.\nBillions of dollars in cryptoflowed outof Binance in December in a 24-hour period, for example, leading some to speculate on whether its reserves were secure. Binance CEO Changpeng ‘CZ’ Zhao said at the time that the withdrawals were “business as usual.”\nAnd billions flowed out of the exchange last month after the Commodity Futures Trading Commission (CFTC)hitthe exchange with a lawsuit for allegedly violating trading and derivatives rules.\nCZshrugged offthe withdrawals on Twitter as “small.”', 'The world’s biggest cryptocurrency exchange today moved around billions of dollars of its own Bitcoin—leading some to think that it was withdrawing gargantuan amounts of crypto.\nBinance moved over $5 billion in the biggest cryptocurrency since yesterday, representing nearly 30% of the exchange’s net BTC reserve balance.\nData from Coinglassshowedthat over 183,080 BTC flowed out of the exchange in 24 hours, prompting some experts to comment on the “unusual” movements—and spooking others.\nThe movements came just after Binancetemporarily pausedBTC withdrawals on its platform.But Binance later said that the transfers were nothing to worry about.\nBinance Pauses Bitcoin Withdrawals, Blames Network Congestion\n“We’re aware that some data are showing a large volume of outflows from Binance,” the exchange said on Twitter. “This ‘outflow’ [sic] are actually movements between Binance hot and cold wallets due to the BTC address adjustments.”\nA Binance spokesperson toldDecryptthat the movements were not reason for concern, pointing to a tweet from CryptoQuant head of research Julio Moreno, who said the movements were down to “newly created change addresses” owned by the exchange.\nAs the world’s biggest digital asset exchange, users keep an eye on large Binance transactions. Such movements can often be interpreted as signals of investor confidence in the company—or the lack thereof.\nBillions of dollars in cryptoflowed outof Binance in December in a 24-hour period, for example, leading some to speculate on whether its reserves were secure. Binance CEO Changpeng ‘CZ’ Zhao said at the time that the withdrawals were “business as usual.”\nAnd billions flowed out of the exchange last month after the Commodity Futures Trading Commission (CFTC)hitthe exchange with a lawsuit for allegedly violating trading and derivatives rules.\nCZshrugged offthe withdrawals on Twitter as “small.”', 'The world\x92s biggest cryptocurrency exchange today moved around billions of dollars of its own Bitcoin\x97leading some to think that it was withdrawing gargantuan amounts of crypto. Binance moved over $5 billion in the biggest cryptocurrency since yesterday, representing nearly 30% of the exchange\x92s net BTC reserve balance. Data from Coinglass showed that over 183,080 BTC flowed out of the exchange in 24 hours, prompting some experts to comment on the \x93unusual\x94 movements\x97and spooking others. The movements came just after Binance temporarily paused BTC withdrawals on its platform. But Binance later said that the transfers were nothing to worry about. Binance Pauses Bitcoin Withdrawals, Blames Network Congestion \x93We\x92re aware that some data are showing a large volume of outflows from Binance,\x94 the exchange said on Twitter. \x93This \x91outflow\x92 [sic] are actually movements between Binance hot and cold wallets due to the BTC address adjustments.\x94 A Binance spokesperson told Decrypt that the movements were not reason for concern, pointing to a tweet from CryptoQuant head of research Julio Moreno, who said the movements were down to \x93newly created change addresses\x94 owned by the exchange. CFTC, SEC, DOJ, IRS: These Are the Ongoing Investigations Into Binance As the world\x92s biggest digital asset exchange, users keep an eye on large Binance transactions. Such movements can often be interpreted as signals of investor confidence in the company\x97or the lack thereof. Billions of dollars in crypto flowed out of Binance in December in a 24-hour period, for example, leading some to speculate on whether its reserves were secure. Binance CEO Changpeng \x91CZ\x92 Zhao said at the time that the withdrawals were \x93business as usual.\x94 And billions flowed out of the exchange last month after the Commodity Futures Trading Commission (CFTC) hit the exchange with a lawsuit for allegedly violating trading and derivatives rules. CZ shrugged off the withdrawals on Twitter as \x93small.\x94', 'Good morning. Here’s what’s happening: Prices: Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum. Insights: Bitcoin\'s path "is not straight," Paul Eisma, head of trading for XBTO Group, told CoinDesk TV. Prices Bitcoin Buckles Under Pressure of Network Congestion Chaos CoinDesk Market Index (CMI) 1,185 −40.6 ▼ 3.3% Bitcoin (BTC) $27,715 −739.6 ▼ 2.6% Ethereum (ETH) $1,850 −25.5 ▼ 1.4% S&P 500 4,138.12 +1.9 ▲ 0.0% Gold $2,029 +11.2 ▲ 0.6% Nikkei 225 28,949.88 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,185 −40.6 ▼ 3.3% Bitcoin (BTC) $27,715 −739.6 ▼ 2.6% Ethereum (ETH) $1,850 −25.5 ▼ 1.4% S&P 500 4,138.12 +1.9 ▲ 0.0% Gold $2,029 +11.2 ▲ 0.6% Nikkei 225 28,949.88 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Falls Good morning Asia. Bitcoin is beginning the East Asia trading day down 2.6% at $27,715, while Ether is down 1.4% to $1,850. The Bitcoin network’s Ordinal-induced congestion is to blame, which caused Binance to suspend withdrawals twice over the weekend. "What\'s going on right now in bitcoin is, is quite unprecedented. And we haven\'t really seen this for many, many years," 21Co co-founder and CEO Hany Rashwan said during a recent appearance on CoinDesk TV. Like others, Rashwan blamed BRC-20 meme coins, but also said that we shouldn’t conflate these with altcoins. "I wouldn\'t categorize meme coins in the same league as altcoins like Ethereum or Solana,” he said. “These altcoins are essentially smart contract platforms that facilitate a range of functions, including but not limited to meme coins and NFTs." Rashwan sees a way out of the congestion which involves meme coin holders taking profits and moving to altcoins and Ethereum, which in turn could lead to those coins increasing in value as well. Story continues But it will take another large macroeconomic event to kick off this move. And for now, we are stuck with Bitcoin NFTs of PEPE. Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −13.8% Smart Contract Platform Gala GALA −10.4% Entertainment Decentraland MANA −6.9% Entertainment Insights Bitcoin\'s Not-So Straight Path The meme pool-spurred congestion on Binance and bitcoin’s hefty decline are “growing pains,” but the largest cryptocurrency by market capitalization “will be fine in the long run,” Paul Eisma, head of trading for XBTO Group, told CoinDesk’s “All About Bitcoin” program on Monday. “It\'s almost like a deer in headlights for the bitcoin protocol,” Eisma said, linking the latest technical problems to the late 2021 Taproot upgrade, which boosted the bitcoin network’s privacy, among other improvements. But Eisma said optimistically that bitcoin has remained in a range roughly between $25,000 and $30,000 for much of this year. He said that crypto is still in its formative years, so understandably subject to the same headwinds that have afflicted other early-stage technologies throughout history. “Like any young and growing, nascent technology that gets upgrades and modifications, this is part of it,” Eisma said. “This is part of the growth and evolution of the network, and the path is not straight. Eisma said that he will be eyeing Wednesday’s release of the May Consumer Price Index (CPI) for a sense of the U.S. central bank’s next privacy move. The Federal Reserve has boosted interest rates 25 basis points (bps) three consecutive times, but observers of monetary policy, particularly those critical of the Fed, are hoping for a cessation of the bank’s hawkishness. “What asset markets are looking for is something not too strong or too weak because if something comes in and around, like, I don\'t know, plus, or minus, you know, some decent, low standard deviation of what\'s expected, then (it’s) still too early for a pause to rate decreases,” he said. But he added warily that the current inflation rate is still above “the 2% level the Fed is seeking. It\'s still about the core PCE level that they\'re seeking as well. So, you know, Powell has been clear that he\'s going to keep rates at this level for longer than the market is implying.” Important events. Moonclave (Las Vegas) 11:00a.m. HKT/SGT(3:00 UTC) China Trade Balance USD (April) 5:30 p.m. HKT/SGT(9:30 UTC) Australia Budget Release CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance Resumes Bitcoin Withdrawals After Second Pause; Pepecoin Falls Nearly 50% From Recent Highs Binance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffered from unprecedented congestion. This came as Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins). 21.co co-founder and CEO Hany Rashwan shared his crypto markets analysis. Revolut Brazil CEO Glauber Mota and Delta Blockchain Fund founder and GP Kavita Gupta also joined the conversation. Headlines Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace : As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines. Fractional Reserve Banking Is a Fraud (but It\'s Genius) : The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives. Sam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product : Worldcoin’s “minimalist” wallet, World App, wants to help you prove you’re human in the age of AI. Ripple\'s Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says, Report : The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit. Block Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish : Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum.\nInsights:Bitcoin\'s path "is not straight," Paul Eisma, head of trading for XBTO Group, told CoinDesk TV.\nBitcoin Buckles Under Pressure of Network Congestion Chaos\nCoinDesk Market Index (CMI)\n1,185\n−40.6▼3.3%\nBitcoin (BTC)\n$27,715\n−739.6▼2.6%\nEthereum (ETH)\n$1,850\n−25.5▼1.4%\nS&P 500\n4,138.12\n+1.9▲0.0%\nGold\n$2,029\n+11.2▲0.6%\nNikkei 225\n28,949.88\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "\\u221240.6\\u25bc3.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,715", "\\u2212739.6\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,850", "\\u221225.5\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,138.12", "+1.9\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,029", "+11.2\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,949.88", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Falls\nGood morning Asia.\nBitcoin is beginning the East Asia trading day down 2.6% at $27,715, while Ether is down 1.4% to $1,850.\nThe Bitcoin network’sOrdinal-induced congestionis to blame, whichcaused Binance to suspend withdrawalstwice over the weekend.\n"What\'s going on right now in bitcoin is, is quite unprecedented. And we haven\'t really seen this for many, many years," 21Co co-founder and CEO Hany Rashwan said during a recent appearance on CoinDesk TV.\nLike others, Rashwan blamed BRC-20 meme coins, but also said that we shouldn’t conflate these with altcoins.\n"I wouldn\'t categorize meme coins in the same league as altcoins like Ethereum or Solana,” he said. “These altcoins are essentially smart contract platforms that facilitate a range of functions, including but not limited to meme coins and NFTs."\nRashwan sees a way out of the congestion which involves meme coin holders taking profits and moving to altcoins and Ethereum, which in turn could lead to those coins increasing in value as well.\nBut it will take another large macroeconomic event to kick off this move. And for now, we are stuck with Bitcoin NFTs of PEPE.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221213.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.4%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}]\nBitcoin\'s Not-So Straight Path\nThe meme pool-spurred congestion on Binance and bitcoin’s hefty decline are “growing pains,” but the largest cryptocurrency by market capitalization “will be fine in the long run,” Paul Eisma, head of trading for XBTO Group, told CoinDesk’s “All About Bitcoin” program on Monday.\n“It\'s almost like a deer in headlights for the bitcoin protocol,” Eisma said, linking the latest technical problems to the late 2021 Taproot upgrade,which boostedthe bitcoin network’s privacy, among other improvements.\nBut Eisma said optimistically that bitcoin has remained in a range roughly between $25,000 and $30,000 for much of this year. He said that crypto is still in its formative years, so understandably subject to the same headwinds that have afflicted other early-stage technologies throughout history.\n“Like any young and growing, nascent technology that gets upgrades and modifications, this is part of it,” Eisma said. “This is part of the growth and evolution of the network, and the path is not straight.\nEisma said that he will be eyeing Wednesday’s release of the May Consumer Price Index (CPI) for a sense of the U.S. central bank’s next privacy move. The Federal Reserve has boosted interest rates 25 basis points (bps) three consecutive times, but observers of monetary policy, particularly those critical of the Fed, are hoping for a cessation of the bank’s hawkishness.\n“What asset markets are looking for is something not too strong or too weak because if something comes in and around, like, I don\'t know, plus, or minus, you know, some decent, low standard deviation of what\'s expected, then (it’s) still too early for a pause to rate decreases,” he said. But he added warily that the current inflation rate is still above “the 2% level the Fed is seeking. It\'s still about the core PCE level that they\'re seeking as well. So, you know, Powell has been clear that he\'s going to keep rates at this level for longer than the market is implying.”\nMoonclave (Las Vegas)\n11:00a.m. HKT/SGT(3:00 UTC)China Trade Balance USD (April)\n5:30 p.m. HKT/SGT(9:30 UTC)Australia Budget Release\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Resumes Bitcoin Withdrawals After Second Pause; Pepecoin Falls Nearly 50% From Recent Highs\nBinance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffered from unprecedented congestion. This came as Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins).21.coco-founder and CEO Hany Rashwan shared his crypto markets analysis. Revolut Brazil CEO Glauber Mota and Delta Blockchain Fund founder and GP Kavita Gupta also joined the conversation.\nLong-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace:As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.\nFractional Reserve Banking Is a Fraud (but It\'s Genius):The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives.\nSam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product:Worldcoin’s “minimalist” wallet, World App, wants to help you prove you’re human in the age of AI.\nRipple\'s Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says, Report:The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.\nBlock Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish:Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum.\nInsights:Bitcoin\'s path "is not straight," Paul Eisma, head of trading for XBTO Group, told CoinDesk TV.\nBitcoin Buckles Under Pressure of Network Congestion Chaos\nCoinDesk Market Index (CMI)\n1,185\n−40.6▼3.3%\nBitcoin (BTC)\n$27,715\n−739.6▼2.6%\nEthereum (ETH)\n$1,850\n−25.5▼1.4%\nS&P 500\n4,138.12\n+1.9▲0.0%\nGold\n$2,029\n+11.2▲0.6%\nNikkei 225\n28,949.88\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "\\u221240.6\\u25bc3.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,715", "\\u2212739.6\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,850", "\\u221225.5\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,138.12", "+1.9\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,029", "+11.2\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,949.88", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Falls\nGood morning Asia.\nBitcoin is beginning the East Asia trading day down 2.6% at $27,715, while Ether is down 1.4% to $1,850.\nThe Bitcoin network’sOrdinal-induced congestionis to blame, whichcaused Binance to suspend withdrawalstwice over the weekend.\n"What\'s going on right now in bitcoin is, is quite unprecedented. And we haven\'t really seen this for many, many years," 21Co co-founder and CEO Hany Rashwan said during a recent appearance on CoinDesk TV.\nLike others, Rashwan blamed BRC-20 meme coins, but also said that we shouldn’t conflate these with altcoins.\n"I wouldn\'t categorize meme coins in the same league as altcoins like Ethereum or Solana,” he said. “These altcoins are essentially smart contract platforms that facilitate a range of functions, including but not limited to meme coins and NFTs."\nRashwan sees a way out of the congestion which involves meme coin holders taking profits and moving to altcoins and Ethereum, which in turn could lead to those coins increasing in value as well.\nBut it will take another large macroeconomic event to kick off this move. And for now, we are stuck with Bitcoin NFTs of PEPE.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221213.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.4%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}]\nBitcoin\'s Not-So Straight Path\nThe meme pool-spurred congestion on Binance and bitcoin’s hefty decline are “growing pains,” but the largest cryptocurrency by market capitalization “will be fine in the long run,” Paul Eisma, head of trading for XBTO Group, told CoinDesk’s “All About Bitcoin” program on Monday.\n“It\'s almost like a deer in headlights for the bitcoin protocol,” Eisma said, linking the latest technical problems to the late 2021 Taproot upgrade,which boostedthe bitcoin network’s privacy, among other improvements.\nBut Eisma said optimistically that bitcoin has remained in a range roughly between $25,000 and $30,000 for much of this year. He said that crypto is still in its formative years, so understandably subject to the same headwinds that have afflicted other early-stage technologies throughout history.\n“Like any young and growing, nascent technology that gets upgrades and modifications, this is part of it,” Eisma said. “This is part of the growth and evolution of the network, and the path is not straight.\nEisma said that he will be eyeing Wednesday’s release of the May Consumer Price Index (CPI) for a sense of the U.S. central bank’s next privacy move. The Federal Reserve has boosted interest rates 25 basis points (bps) three consecutive times, but observers of monetary policy, particularly those critical of the Fed, are hoping for a cessation of the bank’s hawkishness.\n“What asset markets are looking for is something not too strong or too weak because if something comes in and around, like, I don\'t know, plus, or minus, you know, some decent, low standard deviation of what\'s expected, then (it’s) still too early for a pause to rate decreases,” he said. But he added warily that the current inflation rate is still above “the 2% level the Fed is seeking. It\'s still about the core PCE level that they\'re seeking as well. So, you know, Powell has been clear that he\'s going to keep rates at this level for longer than the market is implying.”\nMoonclave (Las Vegas)\n11:00a.m. HKT/SGT(3:00 UTC)China Trade Balance USD (April)\n5:30 p.m. HKT/SGT(9:30 UTC)Australia Budget Release\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Resumes Bitcoin Withdrawals After Second Pause; Pepecoin Falls Nearly 50% From Recent Highs\nBinance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffered from unprecedented congestion. This came as Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins).21.coco-founder and CEO Hany Rashwan shared his crypto markets analysis. Revolut Brazil CEO Glauber Mota and Delta Blockchain Fund founder and GP Kavita Gupta also joined the conversation.\nLong-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace:As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.\nFractional Reserve Banking Is a Fraud (but It\'s Genius):The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives.\nSam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product:Worldcoin’s “minimalist” wallet, World App, wants to help you prove you’re human in the age of AI.\nRipple\'s Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says, Report:The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.\nBlock Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish:Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.', 'Orbit Markets, an institutional liquidity provider of crypto options, is rolling out the first bitcoin and gold hybrid-focused derivative product with execution broker PI Digital. The initiative is among the latest developments among crypto industry firms to provide steady returns during periods of macroeconomic uncertainty. It aims to give investors exposure to gold and digital assets, two assets that hold their value. “This hybrid asset product is a perfect fit for investors that have experience in traditional assets such as gold and are now starting to dip their toes into digital assets,” OrBit Markets said in a press release. The derivative product, XAUT, is a gold-backed token issued by Tether. At maturity, the product will be settled in either USDT, XAUT or bitcoin as designated by OrBit, the Singapore-based company said. In its statement, OrBit noted that traditional financial service firms (TradFi) commonly offer hybrid products, including those combining stocks and commodity assets. The company said that investors “anticipating a sustained rally” in these two “safe haven” assets have risen amid growing concerns about the U.S. central bank’s hawkish monetary policy and resulting turmoil in the banking sector. “It\'s a dual option on both BTC and XAUT,” OrBit said, adding that investors could express “various sophisticated views” on bitcoin and the XAU token, including increases or decreases in returns for both, or if returns for one of the assets climbs but fall for the other. The "worst-of put option" allows investors to earn an enhanced yield if both assets appreciate. On the flip side, investors may be "put" into the worst performer should either asset fall, the liquidity provider said. In March, DeFi-focused asset management company MEV Capital used OrBit markets-issued options contracts to hedge liquidity providers’ positions and prevent losses in Uniswap (v3) liquidity pools. “OrBit aims to offer flexible solutions to our counterparties,” Pulkit Goyal, OrBit Markets VP of Trading adding that “OrBit plans to launch further hybrid products dedicated to institutional investors.”', 'Orbit Markets, an institutional liquidity provider of crypto options, is rolling out the first bitcoin and gold hybrid-focused derivative product with execution broker PI Digital. The initiative is among the latest developments among crypto industry firms to provide steady returns during periods of macroeconomic uncertainty. It aims to give investors exposure to gold and digital assets, two assets that hold their value. “This hybrid asset product is a perfect fit for investors that have experience in traditional assets such as gold and are now starting to dip their toes into digital assets,” OrBit Markets said in a press release. The derivative product, XAUT, is a gold-backed token issued by Tether. At maturity, the product will be settled in either USDT, XAUT or bitcoin as designated by OrBit, the Singapore-based company said. In its statement, OrBit noted that traditional financial service firms (TradFi) commonly offer hybrid products, including those combining stocks and commodity assets. The company said that investors “anticipating a sustained rally” in these two “safe haven” assets have risen amid growing concerns about the U.S. central bank’s hawkish monetary policy and resulting turmoil in the banking sector. “It\'s a dual option on both BTC and XAUT,” OrBit said, adding that investors could express “various sophisticated views” on bitcoin and the XAU token, including increases or decreases in returns for both, or if returns for one of the assets climbs but fall for the other. The "worst-of put option" allows investors to earn an enhanced yield if both assets appreciate. On the flip side, investors may be "put" into the worst performer should either asset fall, the liquidity provider said. In March, DeFi-focused asset management company MEV Capital used OrBit markets-issued options contracts to hedge liquidity providers’ positions and prevent losses in Uniswap (v3) liquidity pools. “OrBit aims to offer flexible solutions to our counterparties,” Pulkit Goyal, OrBit Markets VP of Trading adding that “OrBit plans to launch further hybrid products dedicated to institutional investors.”', 'Orbit Markets, an institutional liquidity provider of crypto options, is rolling out the first bitcoin and gold hybrid-focused derivative product with execution broker PI Digital. The initiative is among the latest developments among crypto industry firms to provide steady returns during periods of macroeconomic uncertainty. It aims to give investors exposure to gold and digital assets, two assets that hold their value. “This hybrid asset product is a perfect fit for investors that have experience in traditional assets such as gold and are now starting to dip their toes into digital assets,” OrBit Markets said in a press release. The derivative product, XAUT, is a gold-backed token issued by Tether. At maturity, the product will be settled in either USDT, XAUT or bitcoin as designated by OrBit, the Singapore-based company said. In its statement, OrBit noted that traditional financial service firms (TradFi) commonly offer hybrid products, including those combining stocks and commodity assets. The company said that investors “anticipating a sustained rally” in these two “safe haven” assets have risen amid growing concerns about the U.S. central bank’s hawkish monetary policy and resulting turmoil in the banking sector. “It\'s a dual option on both BTC and XAUT,” OrBit said, adding that investors could express “various sophisticated views” on bitcoin and the XAU token, including increases or decreases in returns for both, or if returns for one of the assets climbs but fall for the other. The "worst-of put option" allows investors to earn an enhanced yield if both assets appreciate. On the flip side, investors may be "put" into the worst performer should either asset fall, the liquidity provider said. In March, DeFi-focused asset management company MEV Capital used OrBit markets-issued options contracts to hedge liquidity providers’ positions and prevent losses in Uniswap (v3) liquidity pools. “OrBit aims to offer flexible solutions to our counterparties,” Pulkit Goyal, OrBit Markets VP of Trading adding that “OrBit plans to launch further hybrid products dedicated to institutional investors.”', "The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January. The leading digital asset was trading at around $27,350 at press time, down more than 5.5% in the past 24 hours.\nSeveral factors contributed to the bearish sentiment, including the rising popularity of the PEPE meme coin, which reached a market capitalization of over $1 billion before losing steam over the weekend and losing half its value. The meme-inspired token attracted investors looking for quick profits and fun, but also raised concerns about market froth and speculation.\nMeanwhile, Ether (ETH), the second-largest crypto by market value, also faced downward pressure, falling below $1,900 after holding above that level for most of the past week. ETH was trading at around $1,829 at press time, down 4.4% on a 24-hour basis.\nMost other major tokens also followed the downtrend on Monday, with XRP and Polygon's MATIC losing over 8% each.", "The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January. The leading digital asset was trading at around $27,350 at press time, down more than 5.5% in the past 24 hours.\nSeveral factors contributed to the bearish sentiment, including the rising popularity of the PEPE meme coin, which reached a market capitalization of over $1 billion before losing steam over the weekend and losing half its value. The meme-inspired token attracted investors looking for quick profits and fun, but also raised concerns about market froth and speculation.\nMeanwhile, Ether (ETH), the second-largest crypto by market value, also faced downward pressure, falling below $1,900 after holding above that level for most of the past week. ETH was trading at around $1,829 at press time, down 4.4% on a 24-hour basis.\nMost other major tokens also followed the downtrend on Monday, with XRP and Polygon's MATIC losing over 8% each.", "Bitcoin Falls 5%, Pepecoin 50% Ahead of CPI Report Bitcoin Falls 5%, Pepecoin 50% Ahead of CPI Report The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January. The leading digital asset was trading at around $27,350 at press time, down more than 5.5% in the past 24 hours. Several factors contributed to the bearish sentiment, including the rising popularity of the PEPE meme coin, which reached a market capitalization of over $1 billion before losing steam over the weekend and losing half its value. The meme-inspired token attracted investors looking for quick profits and fun, but also raised concerns about market froth and speculation. Meanwhile, Ether (ETH), the second-largest crypto by market value, also faced downward pressure, falling below $1,900 after holding above that level for most of the past week. ETH was trading at around $1,829 at press time, down 4.4% on a 24-hour basis. Most other major tokens also followed the downtrend on Monday, with XRP and Polygon's MATIC losing over 8% each.", 'BRC-20 tokens are a new type of cryptocurrency that can be created and traded on the Bitcoin blockchain. They are inspired by the ERC-20 standard on Ethereum, but they use a different protocol called Ordinals to inscribe data on satoshis, the smallest unit of Bitcoin. BRC-20 tokens are fungible, meaning they can be exchanged for other tokens of the same type.\nThe BRC-20 market has grown rapidly since its launch in March 2023 by an anonymous developer named Domo. The first and most popular BRC-20 token is ORDI, which started as a meme but now has a market cap of over $500 million. Other BRC-20 tokens include VMPX, MEME, BANKBRC, and PEPEBRC, which have been listed on Gate.io, the first exchange to support BRC-20 trading.\nGoing forward, Ordinals and BRC-20 tokens face some challenges, such as limited functionality compared to ERC-20 tokens and high network congestion and fees due to the increased demand for Bitcoin transactions. Additionally, many Bitcoin proponents do not like the idea of Ordinals increasing the cost of using bitcoin for its original purpose as digital cash.', 'Total Market Cap of BRC-20 Tokens Nears $1 Billion Total Market Cap of BRC-20 Tokens Nears $1 Billion BRC-20 tokens are a new type of cryptocurrency that can be created and traded on the Bitcoin blockchain. They are inspired by the ERC-20 standard on Ethereum, but they use a different protocol called Ordinals to inscribe data on satoshis, the smallest unit of Bitcoin. BRC-20 tokens are fungible, meaning they can be exchanged for other tokens of the same type. The BRC-20 market has grown rapidly since its launch in March 2023 by an anonymous developer named Domo. The first and most popular BRC-20 token is ORDI, which started as a meme but now has a market cap of over $500 million. Other BRC-20 tokens include VMPX, MEME, BANKBRC, and PEPEBRC, which have been listed on Gate.io, the first exchange to support BRC-20 trading. Going forward, Ordinals and BRC-20 tokens face some challenges, such as limited functionality compared to ERC-20 tokens and high network congestion and fees due to the increased demand for Bitcoin transactions. Additionally, many Bitcoin proponents do not like the idea of Ordinals increasing the cost of using bitcoin for its original purpose as digital cash.', 'Binance, one of the largest cryptocurrency exchanges in the world, temporarily halted Bitcoin withdrawals twice in 24 hours over the weekend. The exchange cited "network congestion" as the reason for the suspension, which lasted for about an hour on Sunday. The move came after Binance faced a similar issue on Saturday, when it paused Bitcoin withdrawals for about 20 minutes due to a "minor technical issue". The exchange assured its users that their funds were safe and that it was working to resolve the problem as soon as possible.\nBitcoin withdrawals are a crucial function for cryptocurrency exchanges, as they allow users to move their coins from the platform to their own wallets or other services. Any disruption or delay in this process can cause frustration and suspicion among customers, especially in a volatile market.\nIn an effort to solve the issues associated with higher congestion on the Bitcoin network, Binance said they have increased the fees on withdrawals and are working to integrate the Lightning Network, a layer-two payments protocol for Bitcoin.', 'Binance, one of the largest cryptocurrency exchanges in the world, temporarily halted Bitcoin withdrawals twice in 24 hours over the weekend. The exchange cited "network congestion" as the reason for the suspension, which lasted for about an hour on Sunday. The move came after Binance faced a similar issue on Saturday, when it paused Bitcoin withdrawals for about 20 minutes due to a "minor technical issue". The exchange assured its users that their funds were safe and that it was working to resolve the problem as soon as possible.\nBitcoin withdrawals are a crucial function for cryptocurrency exchanges, as they allow users to move their coins from the platform to their own wallets or other services. Any disruption or delay in this process can cause frustration and suspicion among customers, especially in a volatile market.\nIn an effort to solve the issues associated with higher congestion on the Bitcoin network, Binance said they have increased the fees on withdrawals and are working to integrate the Lightning Network, a layer-two payments protocol for Bitcoin.', 'Binance Resumes Bitcoin Withdrawals, Looks at Lightning Network Integration Binance Resumes Bitcoin Withdrawals, Looks at Lightning Network Integration Binance, one of the largest cryptocurrency exchanges in the world, temporarily halted Bitcoin withdrawals twice in 24 hours over the weekend. The exchange cited "network congestion" as the reason for the suspension, which lasted for about an hour on Sunday. The move came after Binance faced a similar issue on Saturday, when it paused Bitcoin withdrawals for about 20 minutes due to a "minor technical issue". The exchange assured its users that their funds were safe and that it was working to resolve the problem as soon as possible. Bitcoin withdrawals are a crucial function for cryptocurrency exchanges, as they allow users to move their coins from the platform to their own wallets or other services. Any disruption or delay in this process can cause frustration and suspicion among customers, especially in a volatile market. In an effort to solve the issues associated with higher congestion on the Bitcoin network, Binance said they have increased the fees on withdrawals and are working to integrate the Lightning Network, a layer-two payments protocol for Bitcoin.', "(Bloomberg) -- Hong Kong indicated that crypto companies drawn by the city’s push to create a digital-asset hub should expect an exacting regulatory regime.\nMost Read from Bloomberg\n• Twitter in Talks With NBC Ad Chief to Take Over as CEO From Musk\n• Florida’s Money Man Threatens to Cut Ties With Bank of America, Wells Fargo\n• Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire\n• Jamie Dimon Says US Needs to 'Finish' the Bank Crisis\n• Airlines’ First Class Makeovers Give the Rich Hotel Rooms in the Sky\n“Our regulation will be tight,” Hong Kong Monetary Authority Chief Executive Eddie Yue said in an interview at the Bloomberg Wealth Asia Summit on Tuesday. “We will let them create the ecosystem here and that actually brings a lot of excitement. But that doesn’t mean light-touch regulation.”\nHong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. The pivot toward fostering the digital-asset sector is part of a wider effort to restore the city’s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain.\nFurther guidance for banks on servicing crypto clients is in the works, and the Securities and Futures Commission will soon announce the results of its deliberations on the scope of retail-investor participation, Yue said.\nRegulators globally are grappling with how to handle the crypto industry following last year’s market crash and a series of blowups headlined by the spectacular bankruptcy of the FTX exchange.\nIn the US, officials have cracked down on digital-asset businesses with enforcement actions and lawsuits that are pushing companies abroad.\nHong Kong’s crypto guardrails were very tight in the last few years, Yue said. They have now been lowered to a “reasonable and sustainable level” but they won’t allow the recurrence of any FTX-type event in the city, he added.\nAside from permits for virtual-asset platforms, a mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nThe legislative framework encoding crypto rules will bring transparency and clarity, Yue said, in response to a question about lingering concerns that officials could yet sour on their crypto pivot.\n--With assistance from Kiuyan Wong.\nMost Read from Bloomberg Businessweek\n• The Plot to Steal the Other Secret Inside a Can of Coca-Cola\n• AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma\n• Venezuela Brain Drain Enriches Panama and Other Neighbors\n• US Airlines Are Sitting Out China’s Reopening\n• ‘Nearshoring’ Push Is Fueling Tech Job Demand in Latin America\n©2023 Bloomberg L.P.", "(Bloomberg) -- Hong Kong indicated that crypto companies drawn by the city\x92s push to create a digital-asset hub should expect an exacting regulatory regime. Most Read from Bloomberg Twitter in Talks With NBC Ad Chief to Take Over as CEO From Musk Florida\x92s Money Man Threatens to Cut Ties With Bank of America, Wells Fargo Ken Griffin\x92s Hand-Picked Math Prodigy Runs Market-Making Empire Jamie Dimon Says US Needs to 'Finish' the Bank Crisis Airlines\x92 First Class Makeovers Give the Rich Hotel Rooms in the Sky \x93Our regulation will be tight,\x94 Hong Kong Monetary Authority Chief Executive Eddie Yue said in an interview at the Bloomberg Wealth Asia Summit on Tuesday. \x93We will let them create the ecosystem here and that actually brings a lot of excitement. But that doesn\x92t mean light-touch regulation.\x94 Hong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. The pivot toward fostering the digital-asset sector is part of a wider effort to restore the city\x92s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain. Further guidance for banks on servicing crypto clients is in the works, and the Securities and Futures Commission will soon announce the results of its deliberations on the scope of retail-investor participation, Yue said. Regulators globally are grappling with how to handle the crypto industry following last year\x92s market crash and a series of blowups headlined by the spectacular bankruptcy of the FTX exchange. In the US, officials have cracked down on digital-asset businesses with enforcement actions and lawsuits that are pushing companies abroad. Hong Kong\x92s crypto guardrails were very tight in the last few years, Yue said. They have now been lowered to a \x93reasonable and sustainable level\x94 but they won\x92t allow the recurrence of any FTX-type event in the city, he added. Story continues Aside from permits for virtual-asset platforms, a mandatory licensing regime for stablecoins \x97 a type of crypto token that\x92s meant to hold a constant value \x97 is due by 2023-2024. The legislative framework encoding crypto rules will bring transparency and clarity, Yue said, in response to a question about lingering concerns that officials could yet sour on their crypto pivot. --With assistance from Kiuyan Wong. Most Read from Bloomberg Businessweek The Plot to Steal the Other Secret Inside a Can of Coca-Cola AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma Venezuela Brain Drain Enriches Panama and Other Neighbors US Airlines Are Sitting Out China\x92s Reopening \x91Nearshoring\x92 Push Is Fueling Tech Job Demand in Latin America ©2023 Bloomberg L.P.", '• US stocks were mixed on Monday as investors prepare for the April CPI report and debt ceiling showdown in Congress.\n• The inflation report will help guide the Fed as to whether it hikes interest rates in June.\n• Senate Republican Leader Mitch McConnell said he doesn\'t have a "secret plan" to prevent a US debt default.\nUS stocks traded mixed on Monday as investors prepare for the April CPI report due out on Wednesday, and nervously watch the debt ceiling showdown in Congress.\nThe consumer price index report for April will help guide the Federal Reserve in its interest rate decision at the next FOMC meeting in mid-June. The Fedhiked rates last week for the 10th consecutive time,increasing the fed funds rate by 25 basis points to just over 5%.\nMeanwhile, a debt ceiling deadline is expected to be reached as early as June 1, according to Treasury Secretary Janet Yellen, and right now there seems to be little progress in Congress on a potential deal. Senate Republican leader Mitch McConnell said on Monday that he does not have a "secret plan" to broker a deal between President Joe Biden and Republicans.\n"They\'re assuming there\'s some little secret plan here. The White House and the speaker\'s teams need to sit down now and settle it," McConnell said, adding that he would back House leader Kevin McCarthy\'s debt ceiling deal.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Monday:\n• S&P 500:4,138.12, up 0.05%\n• Dow Jones Industrial Average:33,618.55, down 0.17% (55.83 points)\n• Nasdaq Composite:12,256.92, up 0.18%\nHere\'s what else happened today:\n• Berkshire Hathaway\'s annual shareholder meeting took place over the weekend, and investors paid close attention to whatWarren Buffett and Charlie Munger had to say.\n• Berkshire Hathaway revealed thatit sold about $6 billion worth of Chevron stockin the first quarter of the year, which represented about 20% of its stake in the oil giant.\n• Buffettisn\'t worried about the growing concern of "de-dollarization"but said that the US government could suffer a painful fallout if it continues its pace of spending.\n• Fundstrat\'s Tom Leerecommended investors tactically buy regional bank stocksas sentiment has reached "near absurd" levels.\n• JPMorgan\'s Marko Kolanovic saidinvestors hoping for the Fed to cut interest rates are in for a rude awakening,as the only reason they\'d cut rates this year is because of a financial crisis or recession.\n• Tyson Foods plunged 16% to three-year lowson Monday after declining beef sales caused the company to cut its earnings outlook.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 2.13% to $72.86 per barrel.Brent crude, oil\'s international benchmark, jumped 1.86% to $76.70.\n• Goldrose 0.23% to $2,029.40 per ounce.\n• The yield on the 10-year Treasury jumped eight basis points to 3.52%.\n• Bitcoin dropped 3.58% to $27,551, while ether fell 1.98% to $1,842.\nRead the original article onBusiness Insider', 'Reuters US stocks were mixed on Monday as investors prepare for the April CPI report and debt ceiling showdown in Congress. The inflation report will help guide the Fed as to whether it hikes interest rates in June. Senate Republican Leader Mitch McConnell said he doesn\'t have a "secret plan" to prevent a US debt default. US stocks traded mixed on Monday as investors prepare for the April CPI report due out on Wednesday, and nervously watch the debt ceiling showdown in Congress. The consumer price index report for April will help guide the Federal Reserve in its interest rate decision at the next FOMC meeting in mid-June. The Fed hiked rates last week for the 10th consecutive time, increasing the fed funds rate by 25 basis points to just over 5%. Meanwhile, a debt ceiling deadline is expected to be reached as early as June 1, according to Treasury Secretary Janet Yellen, and right now there seems to be little progress in Congress on a potential deal. Senate Republican leader Mitch McConnell said on Monday that he does not have a "secret plan" to broker a deal between President Joe Biden and Republicans. "They\'re assuming there\'s some little secret plan here. The White House and the speaker\'s teams need to sit down now and settle it," McConnell said, adding that he would back House leader Kevin McCarthy\'s debt ceiling deal. Here\'s where US indexes stood at the 4:00 p.m. ET close on Monday: Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $536,344,540,550 - Hash Rate: 360341576.2208098 - Transaction Count: 598256.0 - Unique Addresses: 586519.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: 25 April 2023 \| SAINT HELIER, Jersey- As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022. The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company. The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level): [{"Date": "18 April 2023", "Number of shares acquired": "3,170", "Lowest price paid (SEK)": "35.15", "Highest price paid (SEK)": "36.45", "Volume weighted average (SEK)": "35.72"}, {"Date": "19 April 2023", "Number of shares acquired": "3,170", "Lowest price paid (SEK)": "36.70", "Highest price paid (SEK)": "38.05", "Volume weighted average (SEK)": "37.37"}, {"Date": "20 April 2023", "Number of shares acquired": "2,945", "Lowest price paid (SEK)": "35.20", "Highest price paid (SEK)": "37.15", "Volume weighted average (SEK)": "36.08"}, {"Date": "21 April 2023", "Number of shares acquired": "2,570", "Lowest price paid (SEK)": "32.85", "Highest price paid (SEK)": "34.20", "Volume weighted average (SEK)": "33.46"}, {"Date": "24 April 2023", "Number of shares acquired": "2,530", "Lowest price paid (SEK)": "31.25", "Highest price paid (SEK)": "31.65", "Volume weighted average (SEK)": "31.46"}, {"Date": "", "Number of shares acquired": "14,385", "Lowest price paid (SEK)": "", "Highest price paid (SEK)": "", "Volume weighted average (SEK)": ""}] All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 25 April 2023 amounts to 546,256 shares. The total number of shares in CoinShares amounts to 68,135,425. For a full break-down of repurchases made, please refer to the attached announcement. About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. For more information on CoinShares, please visit:https://coinshares.comCompany \| +44 (0)1534 513 100 \|[email protected] Relations \| +44 (0)1534 513 100 \|[email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 25 April 2023. Attachment • 20230425 - Appendix to press release - share buy-back... - Reddit Posts (Sample): [['u/Kooky-Treacle7920', 'My bitcoin I’ve been trying to receive on Coinbase has been stuck pending on block chain for OVER 2 DAYS. What can I do', 41, '2023-05-09 04:46', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/', 'I tried sending bitcoin from a gambling site to Coinbase. Coinbase confirmed they have it and it’s on the block chain unconfirmed. Am I ever going to get my money do I need to do anything or just keep waiting? Usually it’s never been like this. Thanks so much for the help I am very bad when it comes to understanding this as I’m new so please don’t roast me. Also why have fees gone up so much, it’s like 6$ to send 15$??? And it’s saying 30$ fee for what? Tf? I’m about to be done with crypto it’s not worth anymore with how expensive fees now are', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/', '13cd5cu', [['u/noob_zarathustra', 13, '2023-05-09 04:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjf85e4/', "You can't do much. Just have to wait for the transaction fees to reduce so that your transaction gets picked up for confirmation. I've got a transaction stuck in the mempool too for about 2 days now.\n\nYou'll get it for sure though.", '13cd5cu'], ['u/PenaltyFickle5699', 38, '2023-05-09 05:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfawmt/', 'Right now the network is a mess. Just gotta wait man.', '13cd5cu'], ['u/dubweb32', 18, '2023-05-09 05:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfc7l8/', 'I’ve been sitting on the sidelines eating my popcorn 🍿', '13cd5cu'], ['u/DukeThom', 12, '2023-05-09 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfct55/', 'I’m the guy sitting behind you shaking a box of candy obnoxiously loud every 10 seconds', '13cd5cu'], ['u/DukeThom', 12, '2023-05-09 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfcuib/', 'Eth gas fees are completely separate from BTC network fees', '13cd5cu'], ['u/crypt0_sports', 10, '2023-05-09 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfd5ws/', 'BTC network is going through some things atm', '13cd5cu'], ['u/Florian995', 16, '2023-05-09 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfk4m7/', 'The Bitcoin networks is clogged because of Ordinals and BRC-20 tokens. Just wait', '13cd5cu'], ['u/Dazzling_Marzipan474', 15, '2023-05-09 07:25', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfozjx/', "DON'T EVER SEND DIRECTLY TO AN EXCHANGE FROM A GAMBLING SITE! ESPECIALLY COINBASE!\n\nAlways send to your wallet then to exchange and vice versa when you buy in, send from wallet to gambling site. \n\nExchanges can and will close your account if they find out.", '13cd5cu']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 09, 2023', 24, '2023-05-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/', '13cera9', [['u/bundabrg', 16, '2023-05-09 06:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjfkn8i/', "I'd prefer it go into its own layer rather than the base chain but if people are willing to pay for the space then who am I to judge.\n\nIt's like putting up a public whiteboard with a list of rules you have to follow to write on it and then preventing certain people from writing on it who are following the rules.\n\nEven that car with blackboard paint allows people to draw anything on it. And yes it's mostly covered with dicks.\n\nEdit: I'll add that if it makes financial sense it will end up going to a different layer and will drive development there. If there was no restriction then everyone would just take the lazy approach and end up bloating the chain. You need the incentive.", '13cera9'], ['u/xtal_00', 19, '2023-05-09 08:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjfsae1/', "It's a free market. It'll get sorted.\n\nI'm pleased my mining revenue is up again.", '13cera9'], ['u/52576078', 12, '2023-05-09 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjg4sf3/', "Yep, it's adoption. We wanted adoption. Plus it demonstrates how miners can earn from fees, not just mining.", '13cera9'], ['u/Essexal', 14, '2023-05-09 11:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjg5no6/', 'Don’t make me deploy more capital.', '13cera9'], ['u/dependentlyarised', 12, '2023-05-09 13:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjgi5wu/', "So the trick is liquidating during an ATH? I would've never thought about it!", '13cera9'], ['u/bufonia1', 11, '2023-05-09 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjglkjy/', 'wow, how do u time the ath?', '13cera9'], ['u/Gravy_Vampire', 10, '2023-05-09 14:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjgoedd/', 'Something to do with all these cardinals people keep talking about', '13cera9'], ['u/delgrey', 20, '2023-05-09 16:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjh0bo9/', 'Cramer: "Commercial Real Estate isn\'t going to destabilize the system"', '13cera9'], ['u/BitSecret', 13, '2023-05-09 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjh45oi/', 'Welp, I was wrong. No $30k in our rearview window. At least the weather is nice.', '13cera9'], ['u/diydude2', 14, '2023-05-09 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjh47k0/', 'Translation: A quadrillion dollars worth of derivatives dross is sloshing around in the bilge.', '13cera9'], ['u/RetardIdiotTrader', 10, '2023-05-09 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjhu21f/', 'Bitcoin is dead^(again)', '13cera9'], ['u/52576078', 12, '2023-05-09 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jji10z1/', 'Good article by Dylan LeClair on the upcoming halving. I think many many more people are going to be aware of the halving this time round. https://bitcoinmagazine.com/markets/holder-dynamics-one-year-until-the-bitcoin-halving', '13cera9'], ['u/BootyPoppinPanda', 11, '2023-05-09 20:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jji2kmh/', 'Bcash was the obvious pump given the mempool hysteria rn. This market is so thirsty for drama. Anyone gonna short it for when it inevitably fizzles out?', '13cera9'], ['u/ReflectionFamiliar68', 13, '2023-05-09 21:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjiedjp/', "Ouch, immediately after the fork you could have sold for anywhere from 0.1 to 0.4. Currently 0.004.\n\nI dumped mine instantly at about 0.11. Was pissed that it went much higher but I'm glad I dumped it now. I just knew long term it is worthless.", '13cera9'], ['u/ReflectionFamiliar68', 10, '2023-05-09 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjiirv6/', 'Truth. I got totally burned in 2021 waiting for the blowoff top that SBF made impossible. I knew something was wrong but kept holding out of greed.', '13cera9']]], ['u/slade991', 'Cryptocurrencies from a Business Perspective', 34, '2023-05-09 07:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13cg8nl/cryptocurrencies_from_a_business_perspective/', 'Hello r/cc,\n\n\n\nI wanted to write this post for a long time to give a business perspective on the cryptocurrency ecosystem. I hope this post might help show a critical view of the space, highlighting the positive and negative aspects, and maybe help new projects to address the issues we encountered.\n\n\n\nI run two different B2C businesses, one traditional and one all about crypto. Our exposure to crypto is only as a payment method, and we are not a web3 company. I will attempt to give the pros and cons of each one and see how accepting traditional means of payment compares to cryptocurrencies.\n\n\n\nThese days, to process credit card payments or any other means of traditional payment, you are required to use a third-party provider. The biggest one is Stripe. These third-party providers provide ease of integration and, in general, do most of the heavy lifting for you to get a painless experience in implementing their payment solution.\n\n\n\nIf you want to accept cryptocurrencies, the whole process is not so easy. You can either implement it yourself, which is a daunting task (especially depending on how many different coins you want to accept), or use a third-party solution, with the existing actors being "not ideal" to put it mildly.\n\n\n\nWe used three different providers, which all came with different problems: outrageous fees for coinpayments (e.g., $8 to withdraw bitcoin), the impossibility to accept certain cryptos under a certain amount for some of the providers (e.g., $100 for eth), scam artists, unreliable service, poor offering of coins accepted (binance, coinbase). We also had an issue with Plisio, where they literally blocked withdrawals for a few days with zero explanations.\n\n\n\nThe only sensible way to accept cryptocurrency payments is to either do the work yourself with all the limitations that each blockchain has or use a self-hosted solution. There are some mind-blowing limitations to work through with some blockchains, making the whole process extremely convoluted. For example, it\'s impossible to effectively trace which order translates to which transaction on some blockchains (ETH, I\'m looking at you) without relying on smart contracts or unique amounts, which are either crazy expensive or just work until they don\'t (unique amounts don\'t work if transactions are sent from a centralized exchange, as they tend not to respect the exact amount sent; you also get issues if the customer sends the wrong amount).\n\n\n\nWe ended up using a self-hosted solution (shoutout to bitcartcc), which had to deal with all of those problems and find "hacks" to work around them. If we want to have better adoption going on, there NEEDS to be an easier way to accept payment with cryptocurrencies, without spending half your profit on fees with a third-party provider and hoping your business will not end because this provider will disappear the next day.\n\n\n\nAs a business accepting crypto, you have to juggle a number of issues if you want it to be reliable.\n\n\n\n1. You should find a third-party provider that is:\n\n* reputable enough\n* has low fees\n* accepts enough coins\n\nBut you can usually only get one of those criteria, maybe two if you\'re lucky.\n\n\n\n2. You should keep your company income in a cold wallet. However, due to third-party provider fees, you cannot realistically transfer funds to a cold wallet often enough (see 1).\n\n\n\n3. You could then try to self-host or develop your means of accepting crypto. If you\'re not tech-savvy, go back to 1.\n\n\n\n4. One swing in the Bitcoin price (let\'s face it, most of the transactions are done in Bitcoin) can just negate your profit margin, just like that. This means you need to convert to the stablecoin of your choice as often as possible, which might not be possible with a third-party provider. See point 1 again.\n\n\n\n5. Stablecoins are the opposite of stable. You have a choice between USDC, which depegged not long ago, Tether, which is a ticking time bomb, BUSD, which is centralized and has its own issues (see Paxos). And I\'m not even going to talk about Luna, etc...\n\n\n\n6. Unfortunately, most businesses do not accept cryptocurrencies, so you need to somehow have an off-ramp to fiat, which is reliable, doesn\'t block your withdrawals randomly, and doesn\'t have outrageous fees as well. You\'re pretty much forced to use a centralized exchange such as Binance, Kraken, and such. With the history of centralized exchanges bankrupting left and right, this is also a cause for concern.\n\n\n\n7. The new ordinals on BTC (thank you, jpeg holders) have ramped up fees like crazy, which makes it quite hard to swap for stablecoin often enough. Seeing your company\'s financials reflecting the bitcoin price movement is NOT great.\n\n\n\nAll in all, here you have most of the reasons why companies do not accept cryptocurrencies and how if it stays that way, adoption will never happen because everyone is too busy being greedy, scammy, or just using crypto as a lottery while shouting "AdOpTiOn WhEn?". As long as businesses will not be able to adopt cryptocurrencies reliably, easily, and with acceptable fees, adoption will NEVER happen, and crypto will stay a casino.\n\n\n\nEverything is not grim; however, there are a lot of good things happening. Some people try to solve some of those problems, but they are outnumbered by the masses who just want to get a shot at getting rich quickly.\n\n\n\nI started this post by talking about traditional payment providers, and I believe that accepting crypto with a self-hosted solution is so much better in so many ways (just go to r/stripe to see how many people get their accounts closed after one dispute because someone tried a stolen credit card on their businesses). The traditional business I run is certainly not stress-free, as you can never know if or when you might be the target of such things, and then it\'s game over.\n\n\n\nDecentralized money has the means to be able to sleep better at night, knowing that your business is not dependent on some giant corporation that will decide if it gets to live another day or not. You have self-custody of your assets and are the only one responsible for your own bankruptcy. This is great risk mitigation and an amazing promise for business owners.\n\n\n\nHowever, as of now, it is not worth the trouble, and you have to be incredibly committed to make that work, and in the end, you will have less profit than just accepting fiat due to all the swapping fees necessary for it to work reliably.\n\n\n\nSo as a conclusion, I would like to see more work done to ease the onboarding of businesses in the space and less meme coin and jpg holding. For a coin to have adoption, it needs to be exchanged, and for that to happen, you need to have as many places to spend it as possible.\n\n\n\nIf you work in web3 and you read this post, I hope that this might give you some ideas, new projects to make this space what it is supposed to be and not just a free-for-all scam-filled environment.\n\n\n\nThank you for coming to my Ted Talk :)\n\nEdit: \u200b\n\nSome numbers about the most used cryptos we get: \u200b\n\nBTC - 43.60%\n\nXMR - 35.20%\n\nLTC - 6.70%\n\nTRX - 5%\n\nETH - 4.50%\n\nUSDT - 3.40%\n\nBNB - 1.70%\n\nBCH - 1.10% \n\nBUSD - 0.6%', 'https://www.reddit.com/r/CryptoCurrency/comments/13cg8nl/cryptocurrencies_from_a_business_perspective/', '13cg8nl', [['u/Setyman', 12, '2023-05-09 07:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13cg8nl/cryptocurrencies_from_a_business_perspective/jjfon7e/', 'Excellent write up.\n\n>However, as of now, it is not worth the trouble, and you have to be incredibly committed to make that work, and in the end, you will have less profit than just accepting fiat due to all the swapping fees necessary for it to work reliably.\n\nThis sums up things nicely. I look forward to the day crypto overcomes those hurdles. Only then it can truly thrive in our society.', '13cg8nl']]], ['u/itamarperez', "The Shifting Narratives on Bitcoin's Transaction Fees", 25, '2023-05-09 07:56', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/', "For the past year and a half, we've heard that Bitcoin's transaction fees are too low for the network's survival. Then, over the weekend, the narrative shifted to the fees being too high. So, what's the truth? And who has the authority to officially determine this?", 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/', '13ch1pk', [['u/dima054', 45, '2023-05-09 08:16', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjft67m/', 'Whatever FUD gets them clicks.', '13ch1pk'], ['u/Walmart_Warrior_420', 19, '2023-05-09 09:05', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjfwtnk/', '"Heads I win, Tails you lose" - Media ( ͡° ͜ʖ ͡°)', '13ch1pk'], ['u/Ima_Wreckyou', 15, '2023-05-09 09:13', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjfxg9x/', "It's probably completely different people that complain now. Like the people who did not prepare, and don't care how Bitcoin works or don't know what a security budget is.\n\nNo one except the market has the authority to determine what the fees should be.", '13ch1pk'], ['u/KAX1107', 14, '2023-05-09 09:24', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjfy7wu/', '>And who has the authority to officially determine this?\n\nYou, by bidding for blockspace', '13ch1pk'], ['u/KAX1107', 13, '2023-05-09 10:57', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjg4fu4/', '>Do you just need to get a Lightning-supported wallet and then send your BTC there?\n\nYes. Most Lightning wallets also support on-chain. Try [Breez](https://breez.technology/), [Phoenix](https://phoenix.acinq.co/), [Alby](https://getalby.com/lightning-address) (browser). "Super wallets" like [10101](https://10101.finance/) and [Mutiny](https://mutinywallet.com/) will let you hold both sats and [stablesats](https://stablesats.com/) and you can trade or swap between your bitcoin and fiat balance whenever you want almost for free.\n\n[Getting started with Lightning](https://darthcoin.substack.com/p/getting-started-ln)\n\n[Lightning resources](https://www.lopp.net/lightning-information.html)\n\n[Altcoins to Lightning bridge](https://www.lightningbridge.com/)\n\n>Trust Wallet\n\nThis wallet is owned by Binance and not truly open source. It\'s a lot more profitable for Binance to direct users to gamble on shitcoins than giving them a high quality bitcoin wallet. I don\'t recommend using multicoin wallets for bitcoin. There are significant security risks that come with it.', '13ch1pk']]], ['u/blaze1234', 'A Modest Proposal: do NOT use the CashApp VISA card anymore!', 11, '2023-05-09 08:03', 'https://www.reddit.com/r/CashApp/comments/13ch6jo/a_modest_proposal_do_not_use_the_cashapp_visa/', 'At the bottom of this post, is my usual "play it safe" blurb\n\nI think the time has come, to specifically add:\n\nstop using the card for purchases, even small ones.\n\nCashApp\'s massive screwups, refusal to reimburse even obvious fraud charges, etc etc\n\nYes to get full functionality from the app, as part of identity verification, order the card and activate it. But do not use it, do not give the card details to anyone.\n\nThen report it lost, and either refrain from ordering a replacement, or sock-drawer the new one on arrival without ever activating it.\n\nKeep the account locked except when using it.\n\nOther security tips to follow in the comments.\n\n...\n\n Do not use Cash App, except for trivial purposes and amounts you don\'t mind losing.\n\nNever count on it for anything urgent or important\n\nThe company is not dependable, very unreliable, \n\ndelays are normal, \n\ncustomer service barely exists,\n\ncustomers get surprised by undisclosed moving-target policies \n\nand lose their money, in the millions every day\n\nall the while everything working perfectly, exactly as designed as far as Jack is concerned.\n\nSo only use CA for small amounts, personal transfers, with trusted friends you know in real life, nothing important or urgent, and not with people met only on the internet.\n\nCertainly not suitable for conducting business, \n\nnor serious stock investing\n\nnor BTC trading, buy and hold in CA maybe but. . .\n\n\nIt is not suitable as a bank replacement for anyone but especially those with no cushion living week to week!', 'https://www.reddit.com/r/CashApp/comments/13ch6jo/a_modest_proposal_do_not_use_the_cashapp_visa/', '13ch6jo', '[]'], ['u/rBitcoinMod', 'Daily Discussion, May 09, 2023', 31, '2023-05-09 08:10', 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13bh6mp/mentor_monday_may_08_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/', '13chajw', [['u/Crypt0fart', 14, '2023-05-09 11:58', 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/jjg8j28/', 'GET YOUR COINS OFF THE EXCHANGES ✌️', '13chajw'], ['u/HurricaneHarvey7', 12, '2023-05-09 19:41', 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/jjhvs2c/', 'The amount of BS that Bitcoiners have to endure is unbelievable.\n\nLiterally every month there is some new FUD, or government ban, hack, or exchange going under. Now this.', '13chajw']]], ['u/Bloedkolben', 'Best practice on automatic DCA? (Which Broker?)', 21, '2023-05-09 09:23', 'https://www.reddit.com/r/Bitcoin/comments/13cikii/best_practice_on_automatic_dca_which_broker/', 'Hi,\n\nafter a few years of hodling I want to start DCAing again. I did not do any trades/buys for several years so I am not up to date when it comes to market places.\n\nHow do you automate your DCA buys? Is there a guide?\n\nWhat I want to achieve: \n* I set up a monthly deposit to a crypto broker\n* one day after BTC is baught automatically\n* after that the coins are transferred to my cold storage automatically.\n\n\nI am already verified on multiple sites and know how to do all that manually but now I want to automate it. \n\nBR', 'https://www.reddit.com/r/Bitcoin/comments/13cikii/best_practice_on_automatic_dca_which_broker/', '13cikii', [['u/KAX1107', 13, '2023-05-09 11:13', 'https://www.reddit.com/r/Bitcoin/comments/13cikii/best_practice_on_automatic_dca_which_broker/jjg5hxd/', '[Swan Bitcoin](https://www.swanbitcoin.com/) \\- Free withdrawals (they bear the fees for you to send to cold storage)\n\n[21bitcoin](https://21bitcoin.app/) (Europe) - Flat withdrawal fee of 1000 sats because they batch transactions', '13cikii']]], ['u/ElonTrillionaire2030', 'Where to buy first Bitcoin?', 23, '2023-05-09 12:39', 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/', "My ledger wallet just got delivered and I'd like to buy my first Satoshis. \nI want to own Bitcoin as a store of value that nobody can touch, confiscate or tell me how to spend.\n\nWhat is the best way to buy anonymously and without excessive fees/spreads?", 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/', '13clwx1', [['u/KAX1107', 17, '2023-05-09 13:52', 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/jjgij6m/', '>What is the best way to buy anonymously\n\n[Bisq](https://bisq.network/) and [RoboSats](https://learn.robosats.com/) (no KYC). RoboSats is Lightning P2P (Tor only). Bisq is on-chain, it\'s the only true decentralized exchange in the world and [will soon also have Lightning](https://twitter.com/bisq_network/status/1654444075112865795). [Peach](https://peachbitcoin.com/) has "light" KYC. [HodlHodl](https://hodlhodl.com/) is another option worth looking into.', '13clwx1'], ['u/Jon_Hodl', 13, '2023-05-09 14:16', 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/jjgkzws/', 'Your best options in Europe are Relai: https://Relai.app and Pocket: https://PocketBitcoin.com\n\nBoth are based in Switzerland 🇨🇭 \n\nAlternatively, you can use Peach for a more P2P market and then RoboSats and Bisq are excellent options but can be cumbersome for a first time purchase.', '13clwx1']]], ['u/FuzzyAmount2', 'Handyman having first born', 870, '2023-05-09 13:49', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/', "So I'm an old person (they tell me). Had the guy helping me out since he was 20. First landscaping. Then he started working construction with his dad. For the last 5 years or so, he's been our go-to handman. Having his first born in August.\n\nWhat is a good gift for him? 40 years ago I would've thought 'savings bond' for the kid. But today I was thinking like $250 in bitcoin or something like that. Looking for something that will be tangible for them, not something to put up on a shelf and not something they'll just spend on diapers and forget about. (we'll give him extra tips for the diapers :)\n\nSuggestion? (maybe wrong sub lol please tell me where i should post)", 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/', '13cne33', [['u/cptrgy1', 199, '2023-05-09 14:13', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgknlc/', 'Give him 2 weeks off with pay to spend with his newborn and wife. Time he will never get back and never forget.', '13cne33'], ['u/SandiegoJack', 31, '2023-05-09 14:15', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgkw52/', 'Ask him for a link to his registry and buy something from that?\n\nWe have an entire second house worth of duplicates because people didn’t buy off the Nursery and didn’t tell us so we couldn’t remove it from the actual registry.\n\nSorry, a bit salty because we could use the money and instead MIl decided to keep all the duplicates at their house to create a second nursery(I wouldn’t be surprised if this was her plan in the first place).', '13cne33'], ['u/jakopson10', 20, '2023-05-09 14:18', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglauu/', 'Gold. Buy a gold bar.', '13cne33'], ['u/kayemdubs', 272, '2023-05-09 14:23', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglue0/', 'Bonds were actually doing a really good interest rate a while ago. Might still be a good thing to look into. People definitely still do that.', '13cne33'], ['u/itsme_enzo_thebaker', 184, '2023-05-09 14:24', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglx9w/', "You're a good person. I like good people", '13cne33'], ['u/aiko3aiko3', 858, '2023-05-09 14:24', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglykk/', 'Do not get a Buy Buy Baby gift card', '13cne33'], ['u/jayrady', 130, '2023-05-09 14:28', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgmcux/', "I'm honestly surprised BBBeyond and BBBaby lasted this long.", '13cne33'], ['u/denny-1989', 89, '2023-05-09 14:33', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgmxg1/', 'Any combination of time off, money, diapers, food delivery gift cards or pre-made meals they can just put in the oven.', '13cne33'], ['u/LordofTheFlagon', 41, '2023-05-09 14:43', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgo71c/', "Was i the only one who's first thought when they saw that name for the first time that it was an abortion clinic?", '13cne33'], ['u/monad68', 1151, '2023-05-09 14:45', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgodfs/', 'I would highly recommend a US treasury bond over Bitcoin.', '13cne33'], ['u/uw-70_uo-21', 23, '2023-05-09 14:54', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgpj0o/', "if you want to give him something investment-worthy for the kid, maybe look into a 529 plan? It's a deferred savings account that can be used to pay for post-secondary schooling (including trade school). I'm pretty sure there's different investment options you can pick as well. Not sure about the legalities of setting it up for a non-family member but your investment person should know more about that. \n\nBut, I think a few weeks off like u/cptrgy1 suggested, and a lot of grace in the next few months will go a long way. Just if he's missing days or late there's probably a good reason for it. The first year is hard. That will go a long way.", '13cne33'], ['u/LordofTheFlagon', 13, '2023-05-09 15:08', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgr9do/', "To be fair my first experience was when i was like 12 and I'm still crap at English", '13cne33'], ['u/slykido999', 150, '2023-05-09 15:09', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgrcg5/', 'The handyman isn’t employed by OP, so he wouldn’t be able to give him time off (unless he just doesn’t call for awhile). I think cash would be very welcomed as a gift!', '13cne33'], ['u/cuppa_tea_4_me', 86, '2023-05-09 15:12', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgrqlx/', 'He does odd jobs. He doesnt work for her full time. This is unreasonable.', '13cne33'], ['u/paulschreiber', 32, '2023-05-09 15:13', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgrt3d/', 'Savings bond is still better than Bitcoin. Or at least an index fund (VTI etc.).', '13cne33'], ['u/jwd52', 319, '2023-05-09 15:16', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgs7le/', 'Definitely don’t buy Bitcoin lol. Honestly a savings bond would be a fine choice, no need to second-guess your initial instinct too much! Depending on your relationship with this handyman, you also might want to suggest that he open a 529 account for his new child, as someone else mentioned. This is a special sort of investment account where money can grow tax-free as long as it’s eventually spent on education-related expenses (not limited to traditional higher education, options also include private high school, trade school, post-secondary education, education materials, even room and board). Establishing a 529 would be a bit more complicated and take a bit of work on the parents’ part, but it’s arguably a better investment at the end of the day.', '13cne33'], ['u/itchin4aschvitzin', 16, '2023-05-09 15:17', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgsdiz/', 'if someone gave me bitcoin i wouldn’t talk to them again', '13cne33'], ['u/SandiegoJack', 17, '2023-05-09 15:18', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgsgjd/', 'They bought these things months before, then bought things off the registry after, so we know they were aware we had the same thing on the registry. Then have the nerve to acted suprised and pressure us into keeping it when we said we didn’t need it.\n\nNo, you don’t get credit for gifts you bought as pressure to get us to spend more time at your house. It’s all part of their victim act and I am sick of it', '13cne33'], ['u/illimitable1', 17, '2023-05-09 15:20', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgst1n/', "Savings bonds aren't so bad right now, assuming no default. Interest rates are up.", '13cne33'], ['u/neogreenlantern', 27, '2023-05-09 15:22', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgt1iz/', "Don't get Bitcoin or any type of crypto currency. None are stable enough to guarantee it will be worth anything in 18 years. If he doesn't get paternity leave give him that. I love my job but I wish I had more time off when my kid was born.\n\nI would ask this question in /r/daddit and /r/parenting also. You'll get better ideas there.", '13cne33'], ['u/peekaboooobakeep', 392, '2023-05-09 15:23', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgt4u7/', "r/daddit is full of new and experienced dads and someone may be able to suggest from that perspective what they would find most valuable. Me as a mom, I'd just want diapers or wipes or cash lol", '13cne33'], ['u/SandiegoJack', 10, '2023-05-09 15:26', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgthir/', 'Yeah, and you seem oddly defensive about the behaviors that I am calling out. \n\nYou a shitty/selfish gift giver too?', '13cne33'], ['u/jerlwe', 58, '2023-05-09 15:27', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgtni6/', 'Also, OP paying handyman’s day rate for two weeks would probably be several thousand dollars.', '13cne33'], ['u/I-tie-my-own-shoes', 70, '2023-05-09 15:29', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgtvql/', 'They literally just built a brand new store near me. Never even opened before the company went bankrupt.', '13cne33'], ['u/capfan5918', 214, '2023-05-09 15:30', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgu3q6/', 'One of my favorite gifts for folks celebrating large life events such as this is a cleaning service for however long you see appropriate. When my wife and I got back from our honeymoon and our house was just as we left it, we wondered why no one had ever thought of this!', '13cne33'], ['u/hellojuly', 371, '2023-05-09 15:32', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgubis/', 'Ask if they have a baby registry. They might need a car seat, stroller, or something for baby’s room', '13cne33'], ['u/drphungky', 41, '2023-05-09 15:35', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgun5x/', ">Didn’t T-Bills spike this week in a (hopefully temporary) panic about the debt-ceiling showdown? I’d wait to buy until at least they (Congress) kick the can down the road. That said, IANACFP.\n\nThey did, but that was for 1 month bonds which would mature right around the government running out of money. You'd be looking at a significantly longer maturity bond as a gift for a newborn.", '13cne33'], ['u/WhenIsWheresWhat', 31, '2023-05-09 15:35', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjguoa8/', "You can't buy a t bill as a gift...\n\nHe can buy an I bond and gift that, he could get a paper one for $200. It'll gain interest for 30 years.\n\nHe could also ask if they have a 529 set up and contribute to that.", '13cne33'], ['u/torchwood1842', 90, '2023-05-09 15:39', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgv7a6/', 'I used BBBaby a lot when I was pregnant/had a young baby, as did a lot of my friends. We refuse to risk using Amazon for items were safety, is paramount, like car seats, cribs, strollers. There are too many fakes that are dangerous on that site. I’ve seen multiple people in my bump group wind up with fake car seats from Amazon, which could be fatal. And BBBaby had the biggest selection of strollers that you could test out in person, and you could look at the car seats/the install up close in person, move them around, etc. we have most of the stuff we need before we have our next baby, but I’m sure I am still am going to miss BBBaby for that kind of thing. And on top of that, I definitely rushed there for last minute stuff I needed for pumping or bottlefeeding when I needed it within hours, not days.', '13cne33'], ['u/SL1CKR1CK363', 39, '2023-05-09 15:41', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgvfra/', "I have a silver dollar from the year I was born, still think it's neat and still think of the neighbor who gave it to my parents.... 30+ years ago.", '13cne33'], ['u/essaitchthrowaway3', 14, '2023-05-09 15:56', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgxizk/', 'Literally no one is even talking about bitcoin anymore other than the people still trying to push that scam.', '13cne33'], ['u/FuzzyAmount2', 20, '2023-05-09 15:56', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgxlwn/', "That's awesome, yeah something like this. Thanks.", '13cne33'], ['u/tasteslike_FEET', 16, '2023-05-09 15:59', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgxxau/', 'Have an almost 6 week old and yes to all of this!', '13cne33'], ['u/WackyBones510', 148, '2023-05-09 16:05', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgyqcs/', 'I’m a new dad and daddit member… diapers, diapers of any/all sizes. Financially, a savings bond or a 529 contribution would both be great but are a little clunky to give as a gift due to the information required.', '13cne33'], ['u/Swimming-Welcome-271', 27, '2023-05-09 16:16', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh0edv/', 'BBBaby might be the only one that survives. That brand is the only one with any value left and there should be buyers. I also heard BBB might be trying to recoup as much as they can from liquidating to see if they can keep BBBaby going', '13cne33'], ['u/nailpolishbonfire', 39, '2023-05-09 16:18', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh0na8/', 'Wow thanks for this post, I had been holding off opening a 529 myself because I thought it was only good for college! The trade school option makes it much more exciting!', '13cne33'], ['u/throwawayhyperbeam', 11, '2023-05-09 16:31', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh2krk/', "There is zero chance they don't raise the debt ceiling.", '13cne33'], ['u/shitdamntittyfuck', 26, '2023-05-09 16:41', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh42sz/', "Did you read the post? This guy is a handyman that OP uses. OP is not the handyman's employer and cannot control their PTO", '13cne33'], ['u/HornedGoatScream', 60, '2023-05-09 16:48', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh54mf/', 'Most registries are searchable on the internet. Just search “first/last name baby registry” on Google. If you know approx due date, even better. If done that tons and ordered a gift to keep it a surprise.', '13cne33'], ['u/Gopokes34', 55, '2023-05-09 17:01', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh74dx/', "That's the main reason I still do a lot of brick and mortar shopping. My BIL had this super crappy looking duffel bag and my wife asked where and why he bought that. He said Amazon because it could get there before his trip. Maybe i'm just old school, but I would have just preferred to have bought one somewhere on my way home from work lol.", '13cne33'], ['u/randiesel', 11, '2023-05-09 17:17', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh9h6z/', "The kid has to earn income for a IRA to be legitimate though, no? I'm generally not a fan of making shit up just for minor tax advantages.", '13cne33'], ['u/BasileusLeoIII', 97, '2023-05-09 17:22', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjha9ie/', "How about silver, especially if the coins were struck in the child's birth year?", '13cne33'], ['u/ztherion', 57, '2023-05-09 17:24', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhala5/', 'BRB creating baby registries in common baby names', '13cne33'], ['u/pointe4Jesus', 91, '2023-05-09 17:58', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhftqc/', "This might actually be the best idea, tbh. Silver will keep its value despite inflation, which even bonds won't do. And coins struck in the child's birth year just makes it so much cooler.", '13cne33'], ['u/Busch_League2', 150, '2023-05-09 18:01', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhgcoy/', "I just cashed in a savings bond I was given when I was born 29 years ago. $100 bond, it's value now is $160. Lol.", '13cne33'], ['u/Wise_Temperature_322', 12, '2023-05-09 18:03', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhglqo/', 'It didn’t, they filed for bankruptcy and the stock got delisted from the New York Stock Exchange. They have more debt than assets and have no hope of recovery.', '13cne33'], ['u/brb_coffee', 32, '2023-05-09 18:25', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhk1m6/', 'I worry this would weigh sentimentality over liquidity when they want to cash it in.', '13cne33'], ['u/bluesnowbird', 31, '2023-05-09 18:34', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhldq3/', 'My grandfather gave each of his 7 grandchildren silver coins that were minted 100 years a before they were born. I still have mine.', '13cne33'], ['u/MarkerMarked', 12, '2023-05-09 18:42', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhml88/', 'This doesn’t mean BuyBuy Baby can’t be sold off to a buyer and that $$$ put towards paying other BBBY debts.', '13cne33'], ['u/knittinkitten65', 15, '2023-05-09 18:43', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhmrdz/', "The challenge with buying savings bonds as gifts now is that you have to have the person's social security number and parents are understandably hesitant to hand that out.\nIt's really annoying. I wish they had a better system for giving them as gifts.", '13cne33'], ['u/The_Law_of_Pizza', 52, '2023-05-09 18:48', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhnlg8/', "The problem with physical precious metals is that they are not easy to turn into cash.\n\nYou can do it, but getting anything close to actually spot price usually involves shipping the coins somewhere, and even then there will be a fee applied to cover the cost of verifying the purity.\n\nAlso, the value doesn't always keep up with inflation. Precious metals in general have lost a lot of market share to other alternative investments, and tend to occupy a weird niche - rubbing shoulders with people who have 6,000 cans of Chef Boyardee hoarded in their basement.", '13cne33'], ['u/JapanesePeso', 12, '2023-05-09 18:54', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhohx0/', "Silver is one of the most manipulated markets in the world. There's no real guarantee it will maintain or increase in value at all.", '13cne33'], ['u/searchandrescuewoods', 89, '2023-05-09 18:57', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhp0v3/', "LMAO I just had this happen. My parents made a big thing about FINALLY entrusting me with several bonds they'd had since I was born. All told, they added up to... $260 after tax lol.", '13cne33'], ['u/Bryn79', 12, '2023-05-09 19:00', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhph90/', 'Honestly give him cash — the costs of having a child are monstrous!\n\nThen maybe get him a little plaque or trophy and have it engraved with something like “Congratulations on your best build yet!” with your name (family) on it for him to remember you all by.\n\nAnd as a fellow old guy I’d say give him at least $500 — you’ve known him for five plus years and he’s been there for you.', '13cne33'], ['u/Wise_Temperature_322', 14, '2023-05-09 19:08', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhqp79/', 'The sale of BuybuyBaby only makes a dent in their debts. I did the math a while back, if they sell every asset they own they will still owe like $1.2 billion. They have a -20% revenue stream, which is dropping year by year. That means operation costs, to keep the lights on, out do the money they are bringing in by $120 million. If the trend continues next year revenue will drop by a billion and operation costs will raise with the struggling economy (our electricity bill is up, so is theirs).\n\nJust think, Burger King just shut down 400 locations, Jenny Craig just went under, multi billion dollar banks are falling left and right, it is not a good environment for a debt ridden brick and mortar to make a comeback. Unfortunately.', '13cne33'], ['u/_refugee_', 15, '2023-05-09 19:20', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhsj19/', 'It’s up to the recipient to do what they wish with a gift. Changing a gift to try to influence the recipient to do a specific thing with it can veer into manipulation territory', '13cne33'], ['u/torchwood1842', 11, '2023-05-09 19:30', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhu3ua/', 'Maybe you are technically correct that the people in my group share a little blame, but I would argue that no, it is the giant corporation that sold them the seed that is to blame. When it comes to things like car seats, Amazon has no business not intensely vetting those third party sellers, demanding background checks, inspecting the merchandise themselves, etc. they have no business not pursuing criminal charges for any fake safety devices that are found on their site. Babies could die, and that’s not even hyperbole. People shouldn’t have to be detectives and have 100% understanding of Amazon’s inner workings when using the biggest and most well funded sales company on the planet— a sales site that has used marketing on practically every media platform to engender trust in the consumer. Particularly with the kind of money Amazon has, they have a significantly higher responsibility if they want to be screwing around with selling car seats that could be the difference of a baby living or dying in a car crash. If they don’t want to do the work to keep babies and children safe, then they should not allow listings for car seats on their site from anyone other than the manufacturer. It’s as simple as that.', '13cne33'], ['u/Just-to-answer-Qs', 31, '2023-05-09 19:39', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhvi71/', 'First I hear of this, and would have really appreciated this!', '13cne33'], ['u/MrUnknown', 30, '2023-05-09 19:41', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhvrmj/', 'Amazon does something called co-mingled inventory.\n\nWhat this means is that if 3 sellers are selling the same product and ship them in, they all get shoved in the same bin. So while you may buy from "seller a", Amazon might grab something "seller b" sent in.\n\nhttps://www.redpoints.com/blog/amazon-commingled-inventory-management/\n\nA seller can pay extra to have their stuff placed separately, but co-mingled is default and fees already take up a significant amount of the sale price. \n\nSo, no, making sure you chose the correct "sold by" is never a guarantee that you\'ll get an authentic product.', '13cne33'], ['u/st1tchy', 56, '2023-05-09 19:42', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhvvqy/', 'For diapers, I would say get size 2-3. They will probably get plenty of newborn and size 1s at a baby shower plus not ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["TheWeb3game industry is growing on blockchain networks likeAvalanche,Solana,Polygon, and even the newly-launchedSui. One platform you don't find on that list isChia, the novel storage-based blockchain network—but that may soon change.\nLast week, Chia Network—which recentlysignaled plans to go public—launched what it’s calling theChia Open Digital Economy (CODE)framework, which is infrastructure and tooling designed to power an open metaverse of games and applications that use interoperable assets.\nAlongside that initiative, Chia will launch a proof-of-concept trading card game on May 19called ChiaTCG, which will support allNFTscurrently on Chia and turn them into playable cards.\nLeading the gaming push is Richard Tsao, Chia Network’s Chief Metaverse Officer, who spent two decades working for giants of the gaming industry—from Microsoft back in its early Xbox days to Ubisoft branches in China and eventually League of Legends creator Riot Games.\nTsao toldDecryptthat it was at Riot Games that he recognized the need for an open ecosystem of tradable assets that are truly owned by players. He said that he tried to pursue the concept while at the company, but that it ultimately “didn’t work”—he couldn’t find traction for the idea at a large studio with its own thriving, closed ecosystem of assets.\nUltimately, he set up shop at Chia and is now leading its push to adapt the blockchain network to better support games.\nCreated by Bram Cohen, inventor of the BitTorrent protocol, Chia uses a unique “proof of space and time” consensus mechanism that’s secured by users’ storage space, rather than requiring high-end computers and immense amounts of energy likeBitcoin’s network does.\nTsao sees potential advantages to Chia’s gaming plan compared to other blockchain networks. Notably, theNFT1 token standardpairs with Chia’s Offers system to enable peer-to-peer atomic swaps without the need for a marketplace or an escrowsmart contractin the middle. It’s a nuanced variation that Tsao believes is a meaningful differentiator.\nChia Aims to Take on Ethereum, Solana With NFTs. Will They Blossom?\nBroadly, however, it appears that Chia’s gaming ambitions are still very early. Chia Network has a plan and a proof-of-concept game demo, but these are only first steps.\nBy the end of the year, Chia hopes to release a white paper and finalize code to enable interoperability between future games, as well as create an “abstraction layer” that makes it easier for developers to build games atop the network.\nChiaTCG is simply designed as a “very generic, proof-of-concept” game that could support any NFTs on the network, Tsao explained, giving all projects and communities an opportunity to see how their assets could function within a game. It’s a two-player cooperative experience designed as a “starting point” for creators, he said.\nButEthereumNFT-based trading card games likeGods UnchainedandSkyweaverhave been online for years, and some of those aforementioned blockchain networks have numerous live games with many more in development. Chia’s NFT market is much smaller than platforms like Ethereum and Solana, as well, given that it juststarted taking shape last year.\nChia is starting behind the pack, in other words—way behind the pack. But Tsao believes that its infrastructure will be appealing to developers, and that the network can unlock true functionality around theinteroperability premisethat has largely been a pipe dream in Web3 gaming to date. It just may take some time to get there.\n“We don't profess to be game developers. We’re great technology developers… who really want to make the use case ofmetaversegaming come alive,” said Tsao. “So we will partner with experienced game developers to provide that tech—and they’ll provide good games.”", 'Joseph O’Connor, theU.K. national behind a 2020 Twitter hack, has been extradited to the United States, where he has pled guilty to multiple cybercrime offenses, the U.S. Attorney’s Office Southern District of New Yorkannounced Tuesday\n“O’Connor used his sophisticated technological abilities for malicious purposes — conducting a complex SIM swap attack to steal large amounts of cryptocurrency, hacking Twitter, conducting computer intrusions to take over social media accounts, and even cyberstalking two victims, including a minor victim,” the SDNY said in a statement.\nDuring the 2020 Twitter hack, multiple high-profileTwitter accounts were taken over– including CoinDesk’s – and used to promote a bitcoin giveaway scam. Despite multi-factor authentication being enabled on some of the accounts, the attackers managed to hide scam warning responses, including from Binance CEO Changpeng Zhao, and amassed approximately 11.3 BTC ($103,960) from the fraudulent activity.\nFlorida resident Graham Ivan Clark, an associate of O’Connor’s who also participated in the attack, wasarrested in March 2021and tried as a young offender, as he was 17 at the time of the hack.\nO’Connor, 23, was also charged by the SDNY and pled guilty for his role in SIM-swapping attacks targeting high-profile executives in the cryptocurrency industry, resulting in the theft of $794,000 in digital assets.\nWhile the SDNY declined to name the company, only stating that it “provided wallet infrastructure and related software to cryptocurrency”, there have been numerous cases of targeted crypto companies using this same technique,including BlockFi.\nTelecoms such asAT&Tas well asT-Mobilehave been sued by victims over the lack of internal security measures that have allowed these attacks to take place.\nO’Connor is due back in court on June 23 for sentencing.', 'Joseph O’Connor, the U.K. national behind a 2020 Twitter hack , has been extradited to the United States, where he has pled guilty to multiple cybercrime offenses, the U.S. Attorney’s Office Southern District of New York announced Tuesday “O’Connor used his sophisticated technological abilities for malicious purposes — conducting a complex SIM swap attack to steal large amounts of cryptocurrency, hacking Twitter, conducting computer intrusions to take over social media accounts, and even cyberstalking two victims, including a minor victim,” the SDNY said in a statement. During the 2020 Twitter hack, multiple high-profile Twitter accounts were taken over – including CoinDesk’s – and used to promote a bitcoin giveaway scam. Despite multi-factor authentication being enabled on some of the accounts, the attackers managed to hide scam warning responses, including from Binance CEO Changpeng Zhao, and amassed approximately 11.3 BTC ($103,960) from the fraudulent activity. Florida resident Graham Ivan Clark, an associate of O’Connor’s who also participated in the attack, was arrested in March 2021 and tried as a young offender, as he was 17 at the time of the hack. O’Connor, 23, was also charged by the SDNY and pled guilty for his role in SIM-swapping attacks targeting high-profile executives in the cryptocurrency industry, resulting in the theft of $794,000 in digital assets. While the SDNY declined to name the company, only stating that it “provided wallet infrastructure and related software to cryptocurrency”, there have been numerous cases of targeted crypto companies using this same technique, including BlockFi . Telecoms such as AT&T as well as T-Mobile have been sued by victims over the lack of internal security measures that have allowed these attacks to take place. O’Connor is due back in court on June 23 for sentencing.', 'Good morning. Here’s what’s happening:\nPrices:As blockchain congestion eases, Bitcoin\'s price recovers. eToro\'s Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin\'s resilience in an interview with CoinDesk TV.\nInsights:Extraterritoriality is once again at the front-and-center of a crypto court case. Will we finally get some answers as to how far U.S. authorities can reach?\nBitcoin Showing Green Shoots as Congestion Begins to Clear\nCoinDesk Market Index (CMI)\n1,185\n+2.2▲0.2%\nBitcoin (BTC)\n$27,741\n+71.2▲0.3%\nEthereum (ETH)\n$1,853\n+2.9▲0.2%\nS&P 500\n4,119.17\n−19.0▼0.5%\nGold\n$2,043\n+17.0▲0.8%\nNikkei 225\n29,242.82\n+292.9▲1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+2.2\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,741", "+71.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,853", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.17", "\\u221219.0\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,043", "+17.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,242.82", "+292.9\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia.\nWhile bitcoin traded sideways throughout the U.S. business day, as Asia opens, the first signs of a return to price growth have reappeared amid diminishing congestion on the bitcoin blockchain.\nBitcoin is currently trading at $27,741, up 0.3%,according to CoinDesk market data, whileether is trading at $1,853, up 0.2%.\nOn-chain data showsthat of Wednesday morning Asia time, the number of unconfirmed transactions had dipped to just below 400,000 from nearly 500,000 over the weekend. In addition,fees for sending transactionshad settled to just over $5 from over$20 at the peak of this crisis.\nBut the question on many people\'s minds was what will cause the next big move in prices?\neToro investment analyst Callie Cox points to inflation as the chief concern from everyone from the Fed to crypto traders.\nOn a recent appearance on CoinDesk TV, Cox argued that Americans want inflation to decrease while maintaining job security, and the Fed is trying to balance these, but it\'s a process that inevitably involves some pain.\n“Powell really leaned into his megaphone and provided some very flexible language on the future of policy,” Cox said on CoinDesk TV. “They keep dropping hints and statements, where they basically change the language around if future policy moves are needed. This could be a hint that the Fed is becoming more flexible."\nMeanwhile, despite Bitcoin’s congestion, it remains a defensive asset, as she pointed out that it has surprisingly outperformed the S&P 500 on most CPI and Fed days.\n“In the wake of massive sell-offs, Bitcoin, while still risky, seems to be benefiting from both its traditional role and its emerging role as a value store during lower rates," she said.\nAside from bitcoin, what is Cox watching at the moment? Ethereum.\nShe views ether as a riskier investment, but recognizes its economic value and the number of projects being developed on the Ethereum blockchain.\n"Ethereum is one of those blockchains that is proving its value at the moment, and I think investors are realizing that," she said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.7%", "DACS Sector": "Entertainment"}]\nFormer FTX CEO Sam Bankman-Friedhas begun his defense.\nIn a court filing published yesterday, Bankman-Friedmoved to dismissthe majority of the charges against him.\nOne part of his legal team’s move to dismiss the allegations of commodities fraud: extraterritoriality.\nBankman-Fried’s legal team argues in a filing that the commodities fraud charges would necessitate an extraterritorial application of the Commodities Exchange Act (CEA), which is not permissible as the CEA only applies to domestic conduct.\nThey further argue that prior case law dictates that the focus of the CEA is not on the geographical location of transactions, but on preventing manipulation and ensuring market integrity.\nRemember, FTX did not serve U.S. customers, and as lawyers point out in the filing, was headquartered first in Hong Kong before moving to The Bahamas.\nWhat exactly is the U.S. nexus?\nWe’ve been down this road before with BitMEX.\nBitMEX was charged under U.S. anti-money laundering laws despite not serving U.S. customers nor operating bank accounts with U.S. institutions.\n“The CFTC’s increasingly expanded view of their jurisdiction will likely be challenged, especially against offshore exchanges and participants that have limited ties to the United States,” Braden Perry, a former Commodity Futures Trading Commission enforcement attorney and now a partner at Kennyhertz Perry,said at the time. “This is dangerous territory for the CFTC.”\nUnfortunately, for those interested in seeing a case where the CFTC’s view that its mandate was international,a plea dealtaken by Arthur Hayes and Ben Delo prevents a full exploration of these issues in court.\nIf it had gone to court, the case would have explored new considerations for the Bank Secrecy Act\'s applicability to entities that don\'t accept fiat currency or have limited ties to the United States, raising questions about jurisdiction and regulatory overreach.\nPart of Hayes and Delo’s settlement involved a large fine as well as house arrest for Hayes andprobation for Delo.\nThis option is unlikely for Bankman-Fried. He’s got more incentive to fight his case.\nHopefully, this will mean we have the extraterritorial tendencies of U.S. regulators tested in court and enshrined in case law. If anything, it would give the industry some certainty of where the U.S. can and can’t reach, instead of playing a constant guessing game.\nMoonclave (Las Vegas)\nCrypto and Digital Assets Summit (London)\n8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBittrex Files for Bankruptcy in U.S.; Bitcoin Slips Below $28K\nCrypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO\'s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA at Ripple, also joined the conversation.\nLitecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy:Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens.\nCoinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo:According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.”\nThere\'s No Such Thing as High Fees on Bitcoin:Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter.\nCoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto:The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series.\nDCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital:The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.', 'Good morning. Here’s what’s happening: Prices: As blockchain congestion eases, Bitcoin\'s price recovers. eToro\'s Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin\'s resilience in an interview with CoinDesk TV. Insights: Extraterritoriality is once again at the front-and-center of a crypto court case. Will we finally get some answers as to how far U.S. authorities can reach? Prices Bitcoin Showing Green Shoots as Congestion Begins to Clear CoinDesk Market Index (CMI) 1,185 +2.2 ▲ 0.2% Bitcoin (BTC) $27,741 +71.2 ▲ 0.3% Ethereum (ETH) $1,853 +2.9 ▲ 0.2% S&P 500 4,119.17 −19.0 ▼ 0.5% Gold $2,043 +17.0 ▲ 0.8% Nikkei 225 29,242.82 +292.9 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,185 +2.2 ▲ 0.2% Bitcoin (BTC) $27,741 +71.2 ▲ 0.3% Ethereum (ETH) $1,853 +2.9 ▲ 0.2% S&P 500 4,119.17 −19.0 ▼ 0.5% Gold $2,043 +17.0 ▲ 0.8% Nikkei 225 29,242.82 +292.9 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia. While bitcoin traded sideways throughout the U.S. business day, as Asia opens, the first signs of a return to price growth have reappeared amid diminishing congestion on the bitcoin blockchain. Bitcoin is currently trading at $27,741, up 0.3%, according to CoinDesk market data , while ether is trading at $1,853 , up 0.2%. On-chain data shows that of Wednesday morning Asia time, the number of unconfirmed transactions had dipped to just below 400,000 from nearly 500,000 over the weekend. In addition, fees for sending transactions had settled to just over $5 from over $20 at the peak of this crisis . But the question on many people\'s minds was what will cause the next big move in prices? eToro investment analyst Callie Cox points to inflation as the chief concern from everyone from the Fed to crypto traders. On a recent appearance on CoinDesk TV, Cox argued that Americans want inflation to decrease while maintaining job security, and the Fed is trying to balance these, but it\'s a process that inevitably involves some pain. Story continues “Powell really leaned into his megaphone and provided some very flexible language on the future of policy,” Cox said on CoinDesk TV. “They keep dropping hints and statements, where they basically change the language around if future policy moves are needed. This could be a hint that the Fed is becoming more flexible." Meanwhile, despite Bitcoin’s congestion, it remains a defensive asset, as she pointed out that it has surprisingly outperformed the S&P 500 on most CPI and Fed days. “In the wake of massive sell-offs, Bitcoin, while still risky, seems to be benefiting from both its traditional role and its emerging role as a value store during lower rates," she said. Aside from bitcoin, what is Cox watching at the moment? Ethereum. She views ether as a riskier investment, but recognizes its economic value and the number of projects being developed on the Ethereum blockchain. "Ethereum is one of those blockchains that is proving its value at the moment, and I think investors are realizing that," she said. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.2% Smart Contract Platform Shiba Inu SHIB +2.1% Currency Dogecoin DOGE +0.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −2.8% Smart Contract Platform Cosmos ATOM −2.3% Smart Contract Platform Gala GALA −1.7% Entertainment Insights Former FTX CEO Sam Bankman-Fried has begun his defense . In a court filing published yesterday, Bankman-Fried moved to dismiss the majority of the charges against him. One part of his legal team’s move to dismiss the allegations of commodities fraud: extraterritoriality. Bankman-Fried’s legal team argues in a filing that the commodities fraud charges would necessitate an extraterritorial application of the Commodities Exchange Act (CEA), which is not permissible as the CEA only applies to domestic conduct. They further argue that prior case law dictates that the focus of the CEA is not on the geographical location of transactions, but on preventing manipulation and ensuring market integrity. Remember, FTX did not serve U.S. customers, and as lawyers point out in the filing, was headquartered first in Hong Kong before moving to The Bahamas. What exactly is the U.S. nexus? We’ve been down this road before with BitMEX. BitMEX was charged under U.S. anti-money laundering laws despite not serving U.S. customers nor operating bank accounts with U.S. institutions. “The CFTC’s increasingly expanded view of their jurisdiction will likely be challenged, especially against offshore exchanges and participants that have limited ties to the United States,” Braden Perry, a former Commodity Futures Trading Commission enforcement attorney and now a partner at Kennyhertz Perry, said at the time . “This is dangerous territory for the CFTC.” Unfortunately, for those interested in seeing a case where the CFTC’s view that its mandate was international, a plea deal taken by Arthur Hayes and Ben Delo prevents a full exploration of these issues in court. If it had gone to court, the case would have explored new considerations for the Bank Secrecy Act\'s applicability to entities that don\'t accept fiat currency or have limited ties to the United States, raising questions about jurisdiction and regulatory overreach. Part of Hayes and Delo’s settlement involved a large fine as well as house arrest for Hayes and probation for Delo . This option is unlikely for Bankman-Fried. He’s got more incentive to fight his case. Hopefully, this will mean we have the extraterritorial tendencies of U.S. regulators tested in court and enshrined in case law. If anything, it would give the industry some certainty of where the U.S. can and can’t reach, instead of playing a constant guessing game. Important events. Moonclave (Las Vegas) Crypto and Digital Assets Summit (London) 8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bittrex Files for Bankruptcy in U.S.; Bitcoin Slips Below $28K Crypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO\'s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA at Ripple, also joined the conversation. Headlines Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy : Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens. Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo : According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.” There\'s No Such Thing as High Fees on Bitcoin : Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter. CoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto : The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series. DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital : The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.', 'Good morning. Here’s what’s happening:\nPrices:As blockchain congestion eases, Bitcoin\'s price recovers. eToro\'s Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin\'s resilience in an interview with CoinDesk TV.\nInsights:Extraterritoriality is once again at the front-and-center of a crypto court case. Will we finally get some answers as to how far U.S. authorities can reach?\nBitcoin Showing Green Shoots as Congestion Begins to Clear\nCoinDesk Market Index (CMI)\n1,185\n+2.2▲0.2%\nBitcoin (BTC)\n$27,741\n+71.2▲0.3%\nEthereum (ETH)\n$1,853\n+2.9▲0.2%\nS&P 500\n4,119.17\n−19.0▼0.5%\nGold\n$2,043\n+17.0▲0.8%\nNikkei 225\n29,242.82\n+292.9▲1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+2.2\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,741", "+71.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,853", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.17", "\\u221219.0\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,043", "+17.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,242.82", "+292.9\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia.\nWhile bitcoin traded sideways throughout the U.S. business day, as Asia opens, the first signs of a return to price growth have reappeared amid diminishing congestion on the bitcoin blockchain.\nBitcoin is currently trading at $27,741, up 0.3%,according to CoinDesk market data, whileether is trading at $1,853, up 0.2%.\nOn-chain data showsthat of Wednesday morning Asia time, the number of unconfirmed transactions had dipped to just below 400,000 from nearly 500,000 over the weekend. In addition,fees for sending transactionshad settled to just over $5 from over$20 at the peak of this crisis.\nBut the question on many people\'s minds was what will cause the next big move in prices?\neToro investment analyst Callie Cox points to inflation as the chief concern from everyone from the Fed to crypto traders.\nOn a recent appearance on CoinDesk TV, Cox argued that Americans want inflation to decrease while maintaining job security, and the Fed is trying to balance these, but it\'s a process that inevitably involves some pain.\n“Powell really leaned into his megaphone and provided some very flexible language on the future of policy,” Cox said on CoinDesk TV. “They keep dropping hints and statements, where they basically change the language around if future policy moves are needed. This could be a hint that the Fed is becoming more flexible."\nMeanwhile, despite Bitcoin’s congestion, it remains a defensive asset, as she pointed out that it has surprisingly outperformed the S&P 500 on most CPI and Fed days.\n“In the wake of massive sell-offs, Bitcoin, while still risky, seems to be benefiting from both its traditional role and its emerging role as a value store during lower rates," she said.\nAside from bitcoin, what is Cox watching at the moment? Ethereum.\nShe views ether as a riskier investment, but recognizes its economic value and the number of projects being developed on the Ethereum blockchain.\n"Ethereum is one of those blockchains that is proving its value at the moment, and I think investors are realizing that," she said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.7%", "DACS Sector": "Entertainment"}]\nFormer FTX CEO Sam Bankman-Friedhas begun his defense.\nIn a court filing published yesterday, Bankman-Friedmoved to dismissthe majority of the charges against him.\nOne part of his legal team’s move to dismiss the allegations of commodities fraud: extraterritoriality.\nBankman-Fried’s legal team argues in a filing that the commodities fraud charges would necessitate an extraterritorial application of the Commodities Exchange Act (CEA), which is not permissible as the CEA only applies to domestic conduct.\nThey further argue that prior case law dictates that the focus of the CEA is not on the geographical location of transactions, but on preventing manipulation and ensuring market integrity.\nRemember, FTX did not serve U.S. customers, and as lawyers point out in the filing, was headquartered first in Hong Kong before moving to The Bahamas.\nWhat exactly is the U.S. nexus?\nWe’ve been down this road before with BitMEX.\nBitMEX was charged under U.S. anti-money laundering laws despite not serving U.S. customers nor operating bank accounts with U.S. institutions.\n“The CFTC’s increasingly expanded view of their jurisdiction will likely be challenged, especially against offshore exchanges and participants that have limited ties to the United States,” Braden Perry, a former Commodity Futures Trading Commission enforcement attorney and now a partner at Kennyhertz Perry,said at the time. “This is dangerous territory for the CFTC.”\nUnfortunately, for those interested in seeing a case where the CFTC’s view that its mandate was international,a plea dealtaken by Arthur Hayes and Ben Delo prevents a full exploration of these issues in court.\nIf it had gone to court, the case would have explored new considerations for the Bank Secrecy Act\'s applicability to entities that don\'t accept fiat currency or have limited ties to the United States, raising questions about jurisdiction and regulatory overreach.\nPart of Hayes and Delo’s settlement involved a large fine as well as house arrest for Hayes andprobation for Delo.\nThis option is unlikely for Bankman-Fried. He’s got more incentive to fight his case.\nHopefully, this will mean we have the extraterritorial tendencies of U.S. regulators tested in court and enshrined in case law. If anything, it would give the industry some certainty of where the U.S. can and can’t reach, instead of playing a constant guessing game.\nMoonclave (Las Vegas)\nCrypto and Digital Assets Summit (London)\n8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBittrex Files for Bankruptcy in U.S.; Bitcoin Slips Below $28K\nCrypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO\'s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA at Ripple, also joined the conversation.\nLitecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy:Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens.\nCoinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo:According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.”\nThere\'s No Such Thing as High Fees on Bitcoin:Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter.\nCoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto:The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series.\nDCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital:The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.', 'The stock market, where transactions can take place only during business hours, is where the phrase \x93day trader\x94 originates. This suggests that day traders close their positions after each trading day to take advantage of any intraday price fluctuations. Can You Day Trade Bitcoin? Absolutely. It\x92s more of a matter of whether you can day trade cryptocurrencies as it is of how you can do so successfully. The primary objective of day trading Bitcoin is to capitalize on fluctuating prices. The short-term price swings that day traders seek are more easily achieved in the volatile cryptocurrency market. It is unusual, for instance, for the value of blue chip stocks or other traded commodities to increase by 10% in a single day. Such cost increases are typical in the cryptocurrency market. To generate profitable trading ideas, day traders must employ effective day trading tactics and familiarize themselves with fundamental and technical analysis. Day traders in Bitcoin can use indicators such as chart patterns, Bitcoin price action, volume, and other pricing data to assist them in choosing when to enter and exit trades and where to allocate capital. Volume, support, and resistance are the three primary concepts in day trading. You can copy-trade cryptocurrency by renting intraday trading bots or trading on your own. When and How to Day Trade Bitcoin? We know the viability and potential success of day trading in Bitcoin. How does crypto day trading work, then? To maximize their profits, day traders in cryptocurrencies like Bitcoin often try to predict when the market will be the most volatile or liquid. Since most Bitcoin investors are corporations and other large entities, it is best to avoid trading on the weekends when the market is closed (volume will be lower). And given we\x92re discussing quantities here, an overview of auction market theory could be instructive. The asset\x92s stated price, the duration determining the pricing opportunity, and the volume - help determine any auction or market\x92s success. Volume matters most. Story continues Skilled day traders will generally focus on value first, as this is the guiding concept of auction market theory. Inefficient markets, like the current bear market, seek equilibrium or efficiency by correcting the imbalance that caused them. When market participants have different opinions on the correct value of an asset, the market trends either higher or lower until it reaches a new equilibrium point. When this happens, market volatility decreases, and equilibrium is restored. Successful day traders often use auction market theory, market and overflow dynamics, and volume profiles. Avoid the FOMO trap when trading Traders that rush into the market without carefully considering their entry points are more likely to run into difficulties, which could result in losses. Trading due to fear of missing out is usually a bad idea that leads to bad deals that might be prevented with discipline and excellent trading tactics. Be wary of excessive trading Rapid idea changes and excessive trading can lead to costly mistakes. Bitcoin day traders can prevent overtrading by keeping their rational trading apart from their emotional trading. Successful risk management, an efficient trading strategy, and clear analysis will help them achieve this. DO NOT risk more than you can afford to lose in the market Limiting your exposure as a Bitcoin day trader will help you prevent catastrophic losses. Success requires measured risks, but only risk what you can afford. Traders should risk no more than 1% daily to avoid losing too much. Caution is the name of the game Day traders in Bitcoin should avoid trying to time the market at all costs manually. Trading Bitcoin manually will always be quicker, more efficient, and more accurate than using a crypto trading bot. One study found that algorithmic trading may complete a transaction in under 10 ms. Although the time it takes to blink is only 300 milliseconds, we use the phrase \x93in the blink of an eye\x94 to describe something that happens very quickly. Therefore, there are more viable options than engaging in manual day trading. Conclusion One common strategy for making money with Bitcoin is day trading. However, it calls for extensive study and close monitoring of your trading strategy and portfolio. It can be risky, but if you follow this guide, you\x92ll know what to think about as you move forward. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'The stock market, where transactions can take place only during business hours, is where the phrase \x93day trader\x94 originates. This suggests that day traders close their positions after each trading day to take advantage of any intraday price fluctuations. Can You Day Trade Bitcoin? Absolutely. It\x92s more of a matter of whether you can day trade cryptocurrencies as it is of how you can do so successfully. The primary objective of day trading Bitcoin is to capitalize on fluctuating prices. The short-term price swings that day traders seek are more easily achieved in the volatile cryptocurrency market. It is unusual, for instance, for the value of blue chip stocks or other traded commodities to increase by 10% in a single day. Such cost increases are typical in the cryptocurrency market. To generate profitable trading ideas, day traders must employ effective day trading tactics and familiarize themselves with fundamental and technical analysis. Day traders in Bitcoin can use indicators such as chart patterns, Bitcoin price action, volume, and other pricing data to assist them in choosing when to enter and exit trades and where to allocate capital. Volume, support, and resistance are the three primary concepts in day trading. You can copy-trade cryptocurrency by renting intraday trading bots or trading on your own. When and How to Day Trade Bitcoin? We know the viability and potential success of day trading in Bitcoin. How does crypto day trading work, then? To maximize their profits, day traders in cryptocurrencies like Bitcoin often try to predict when the market will be the most volatile or liquid. Since most Bitcoin investors are corporations and other large entities, it is best to avoid trading on the weekends when the market is closed (volume will be lower). And given we\x92re discussing quantities here, an overview of auction market theory could be instructive. The asset\x92s stated price, the duration determining the pricing opportunity, and the volume - help determine any auction or market\x92s success. Volume matters most. Story continues Skilled day traders will generally focus on value first, as this is the guiding concept of auction market theory. Inefficient markets, like the current bear market, seek equilibrium or efficiency by correcting the imbalance that caused them. When market participants have different opinions on the correct value of an asset, the market trends either higher or lower until it reaches a new equilibrium point. When this happens, market volatility decreases, and equilibrium is restored. Successful day traders often use auction market theory, market and overflow dynamics, and volume profiles. Avoid the FOMO trap when trading Traders that rush into the market without carefully considering their entry points are more likely to run into difficulties, which could result in losses. Trading due to fear of missing out is usually a bad idea that leads to bad deals that might be prevented with discipline and excellent trading tactics. Be wary of excessive trading Rapid idea changes and excessive trading can lead to costly mistakes. Bitcoin day traders can prevent overtrading by keeping their rational trading apart from their emotional trading. Successful risk management, an efficient trading strategy, and clear analysis will help them achieve this. DO NOT risk more than you can afford to lose in the market Limiting your exposure as a Bitcoin day trader will help you prevent catastrophic losses. Success requires measured risks, but only risk what you can afford. Traders should risk no more than 1% daily to avoid losing too much. Caution is the name of the game Day traders in Bitcoin should avoid trying to time the market at all costs manually. Trading Bitcoin manually will always be quicker, more efficient, and more accurate than using a crypto trading bot. One study found that algorithmic trading may complete a transaction in under 10 ms. Although the time it takes to blink is only 300 milliseconds, we use the phrase \x93in the blink of an eye\x94 to describe something that happens very quickly. Therefore, there are more viable options than engaging in manual day trading. Conclusion One common strategy for making money with Bitcoin is day trading. However, it calls for extensive study and close monitoring of your trading strategy and portfolio. It can be risky, but if you follow this guide, you\x92ll know what to think about as you move forward. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'The stock market, where transactions can take place only during business hours, is where the phrase \x93day trader\x94 originates. This suggests that day traders close their positions after each trading day to take advantage of any intraday price fluctuations. Can You Day Trade Bitcoin? Absolutely. It\x92s more of a matter of whether you can day trade cryptocurrencies as it is of how you can do so successfully. The primary objective of day trading Bitcoin is to capitalize on fluctuating prices. The short-term price swings that day traders seek are more easily achieved in the volatile cryptocurrency market. It is unusual, for instance, for the value of blue chip stocks or other traded commodities to increase by 10% in a single day. Such cost increases are typical in the cryptocurrency market. To generate profitable trading ideas, day traders must employ effective day trading tactics and familiarize themselves with fundamental and technical analysis. Day traders in Bitcoin can use indicators such as chart patterns, Bitcoin price action, volume, and other pricing data to assist them in choosing when to enter and exit trades and where to allocate capital. Volume, support, and resistance are the three primary concepts in day trading. You can copy-trade cryptocurrency by renting intraday trading bots or trading on your own. When and How to Day Trade Bitcoin? We know the viability and potential success of day trading in Bitcoin. How does crypto day trading work, then? To maximize their profits, day traders in cryptocurrencies like Bitcoin often try to predict when the market will be the most volatile or liquid. Since most Bitcoin investors are corporations and other large entities, it is best to avoid trading on the weekends when the market is closed (volume will be lower). And given we\x92re discussing quantities here, an overview of auction market theory could be instructive. The asset\x92s stated price, the duration determining the pricing opportunity, and the volume - help determine any auction or market\x92s success. Volume matters most. Story continues Skilled day traders will generally focus on value first, as this is the guiding concept of auction market theory. Inefficient markets, like the current bear market, seek equilibrium or efficiency by correcting the imbalance that caused them. When market participants have different opinions on the correct value of an asset, the market trends either higher or lower until it reaches a new equilibrium point. When this happens, market volatility decreases, and equilibrium is restored. Successful day traders often use auction market theory, market and overflow dynamics, and volume profiles. Avoid the FOMO trap when trading Traders that rush into the market without carefully considering their entry points are more likely to run into difficulties, which could result in losses. Trading due to fear of missing out is usually a bad idea that leads to bad deals that might be prevented with discipline and excellent trading tactics. Be wary of excessive trading Rapid idea changes and excessive trading can lead to costly mistakes. Bitcoin day traders can prevent overtrading by keeping their rational trading apart from their emotional trading. Successful risk management, an efficient trading strategy, and clear analysis will help them achieve this. DO NOT risk more than you can afford to lose in the market Limiting your exposure as a Bitcoin day trader will help you prevent catastrophic losses. Success requires measured risks, but only risk what you can afford. Traders should risk no more than 1% daily to avoid losing too much. Caution is the name of the game Day traders in Bitcoin should avoid trying to time the market at all costs manually. Trading Bitcoin manually will always be quicker, more efficient, and more accurate than using a crypto trading bot. One study found that algorithmic trading may complete a transaction in under 10 ms. Although the time it takes to blink is only 300 milliseconds, we use the phrase \x93in the blink of an eye\x94 to describe something that happens very quickly. Therefore, there are more viable options than engaging in manual day trading. Conclusion One common strategy for making money with Bitcoin is day trading. However, it calls for extensive study and close monitoring of your trading strategy and portfolio. It can be risky, but if you follow this guide, you\x92ll know what to think about as you move forward. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'Bitcoin edged higher on Wednesday morning in Asia to hold above the US$27,500 mark as the hype for Bitcoin-based memecoins that had clogged the network seemed to cool off. Ether also gained, while other top 10 non-stablecoin cryptocurrencies traded mixed. Litecoin led the winners as high transaction fees on Bitcoin drove users to alternatives, with the Litecoin network logging a record-high in daily transactions. Polygon’s Matic led the losers. U.S. equity futures traded flat on concern about U.S. debt ceiling negotiations and ahead of inflation numbers on Wednesday.\nSee related article:Bittrex’s U.S. crypto exchange unit files for bankruptcy following closure, SEC lawsuit\nBitcoin edged up 0.60% to US$27,754 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data, but was still holding a weekly loss of 2.64%.\n“Bitcoin prices have been impacted by significant congestion and skyrocketing transaction fees,” Denys Peleshok, head of Asia at London-based financial institute CPT Markets, said in an email. “Such network issues and infrastructure disruptions could limit institutional investors’ confidence in the asset.”\nThe congestion on the Bitcoin networkis attributed to the hype around BRC-20, a token standard introduced on March 9 that enables the minting of fungible tokens on the Bitcoin blockchain. The total market cap of BRC-20 tokens has dropped from around US$961 million on Monday to US$688 million at 9:00 a.m. on Wednesday in Hong Kong, according to blockchain data trackerBRC-20.io.\nEther gained 0.49% to US$1,852. It’s down 0.44% for the week.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Polygon’s Matic leading the losers, falling 2.40% to US$0.8782 and posting a weekly loss of 9.47%.\nLitecoin led the winners, gaining 3.45% to US$80.33. However, it’s down 8.56% for the week. The Litecoin blockchain has logged record-high daily transactions this week as high transaction fees on the Bitcoin network drove users to other platforms. Transactions on the Litecoin blockchain totaled over 525,000 on Monday, more than five times higher than the start of the month, according to blockchain data platformBitInfoCharts.\nThe total crypto market capitalization edged up 0.46% in the past 24 hours to US$1.14 trillion. The total trading volume dropped 29.34% to US$32.02 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.91% to 3,462.33 in the 24 hours to 09:00 a.m. in Hong Kong, losing 6.64% for the week.\nAzuki, an Ethereum-based NFT collection, saw the largest sales across the market in the past 24 hours, surging 388.12% to US$2.47 million to surpass US$1.51 million for DMarket and US$880,000 for Bored Ape Yacht Club, according to data byCryptoSlam.\nBinance, the world’s biggest crypto exchange,saidTuesday its NFT marketplace would soon add support for Bitcoin Ordinals inscriptions – the Bitcoin blockchain’s iteration of NFTs. The platform currently supports NFTs on BNB Chain, Ethereum and Polygon.\nU.S. stock futures were flat to slightly higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.06%. The S&P 500 futures gained 0.10%. And the Nasdaq Composite futures added 0.08%.\nThe three U.S. indexes closed lower on Tuesday amid concerns about the U.S. government’s potential default in June. U.S. President Joe Biden met with congressional Republicans on Tuesday to discuss raising the government’s debt ceiling, but made little progress, according toBloombergon Wednesday. Another meeting is set for Friday.\nThe U.S. April consumer price index report on Wednesday will give a peek into the pace of inflation and provide insights into the Fe Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $536,094,490,050 - Hash Rate: 405682569.2552164 - Transaction Count: 671668.0 - Unique Addresses: 686423.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin. Photo by Getty Images Bitcoin could climb by $20,000 if a US default happens, Standard Chartered's Geoff Kendrick said. Not every crypto would act similarly, with some behaving more like equities, he told Insider. "So actually, the optimal trade would probably be long bitcoin, short ethereum." With the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery. But while some investors are fearful of a historic default, one asset could potentially rise through such a situation: Bitcoin . Describing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels. He told Insider that's because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset. But Kendrick doesn't think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated. And not every cryptocurrency would follow bitcoin's behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default. "So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this," Kendrick said. If Congress fails to lift the $31.4 trillion federal debt limit, a default could come sometime in the summer an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warned a default would be catastrophic for the US economy , sparking mass unemployment, payment failures, and higher rates "into perpetuity." Story continues With House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potential default date . Meanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle. But bitcoin has rallied nearly 80% so far in 2023 and recently neared $30,000 as First Republic Bank's woes reignited fears over the financial sector. For his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that it could surge to $100,000 by the end of 2024 due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn't mention the risk of a US default. "While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Fairlead Strategies\' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term.\nInsights:Bitcoin needs a good story before it can push higher, says Brent Xu, CEO of Web3 bond-market platform Umee. What will that narrative be?\nCoinDesk Market Index (CMI)\n1,209.53\n+0.9▲0.1%\nBitcoin (BTC)\n$27,618\n+36.0▲0.1%\nEthereum (ETH)\n$1,838\n−6.9▼0.4%\nS&P 500 daily close\n4,137.64\n+18.5▲0.4%\nGold\n$2,037\n+0.3▲0.0%\nTreasury Yield 10 Years\n3.44%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,209.53", "+0.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,618", "+36.0\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,838", "\\u22126.9\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,137.64", "+18.5\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,037", "+0.3\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.44%", "\\u25bc0.1"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nAll Eyes on Ether as Bitcoin Pushes Down?\nGood Morning Asia,\nCrypto is starting the trading day in Asia fairly flat after apromising U.S. Consumer Price Indexpushed bitcoin above $28,000.\nBitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down 0.4% to $1,838.\nKatie Stockton, Founder and Managing Partner of Fairlead Strategies, said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but don’t expect price appreciation yet.\n“From a technical perspective, the market does seem to like it, we\'re seeing a positive reaction. But really, the action is somewhat insignificant in terms of where both bitcoin and Ether have traded up late,” she said. “They recently broke down below their 50-day moving averages."\nStockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term.\nThis lower price point should serve as a nice entry point for new investors, she argues.\nStockton also sees a short-term setback for Ether as it too, has moved out its 50-day moving average. However, she predicts Ether might outperform bitcoin in the short term.\n"We anticipate a downside for Ether, regardless of today\'s activity, with a support level around $1,755,” she said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+11.5%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+2.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nAn Asset Market in Search of a Good Story\nBanking substitute? Inflation hedge? Gold alternative?\nBitcoin has yet to find a new foundation that drives the price from its weeks-long range roughly between $25,000 and $30,000, Brent Xu, CEO and co-founder of Web3 bond-market platform Umee, said on CoinDesk TV’s “All About Bitcoin” program.\n“Bitcoin is trying to find its next narrative,” Xu said.\nBitcoin’s price seesawing on Wednesday encapsulated its vulnerability to events in recent weeks. The largest cryptocurrency by market capitalization rose on a mildly favorable Consumer Price Index (CPI) that showed inflation rising a less-than-expected 4.9% in April. But BTC sank around midday on internet rumors of a $320 million U.S. government bitcoin sell-off before rebounding as markets shrugged off the hearsay.\nXu noted that the price run-ups tied to a mini-run of U.S. bank failures in April and earlier this month had failed to spur long-lasting price momentum.\n“We saw a bunch of banks get destroyed, and there\'s this narrative building that bitcoin will be a new banking system,” he said. “Unfortunately, that narrative is still not fully substantiated.Bitcoin is oscillating during the existing market cycles, and we haven\'t reached that bullish momentum cycle yet.\nHe added: That is likely to happen next year. For the rest of this year, we\'re gonna see some more price oscillation.”\nXu believes that the steady decline in inflation from a peak of 9.1% last June will allow the U.S. central bank to reconsider the steady diet of hawkish interest rate increases that Federal Reserve critics blame for the near banking meltdown and other economic ills. “There\'s a likelihood that we\'re going to see some potential cuts,” Xu said, adding that some analysts foresee interest rate cuts totaling 75 basis points (bps) in the months ahead.\n“They need to take a long hard look at what all these interest rates hikes have been doing, and just the possibility of a deeper recession into the near future,” he said.\nXu said that liquidity would be important for crypto markets to thrive. Market makers Jane Street and Jump Crypto recently abandoned crypto trading in the U.S. and other firms focused or with at least a deep interest in crypto have also been scaling back their activities or threatening to move them overseas.\nBut Xu said that “these markets will find a way to exist, if not within U.S. borders,” and added that “there will be institutional liquidity that comes in.”\n“It’s just building the right narrative. The next narrative needs to be a major innovation, like the Shanghai Shapella upgrade, or some sort of new L-2 (layer 2), or some major improvement to the bitcoin blockchain. And when we see those, we\'ll see more liquidity and action coming (into markets).”\n9:30 a.m. HKT/SGT(1:30 UTC)Chinese Consumer Price Index (YoY/April)\n7:00 p.m. HKT/SGT(11:00 UTC)Bank of England Monetary Policy Report\n8:30 p.m. HKT/SGT(12:30 UTC)United States Producer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Inches Higher After April Inflation Report; Congress\'s Joint Crypto Regulation Hearing\nBitcoin (BTC) was inching higher after the annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March, versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics. Fairlead Strategies Founder and Managing Partner Katie Stockton shared her crypto markets analysis. Asobitcoin President Will Hernandez also joined "First Mover" to give an update on El Salvador\'s bitcoin experiment. And Fan-Owned Sail Team LLC Founder David Palmer shared his thoughts on creating a successful SailGP team with a passionate fan and owner base.\nAragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis:After a week of bickering cooler heads began to prevail. The market responded with gusto.\nCrypto Derivatives Market Share Hits All-Time High:Binance continues to be the dominant crypto derivatives trading platform.\nUniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees:The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders.\nUrbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth:The peer-to-peer network started in 2002 says it\'s taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned.\nBitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets:Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.', 'Good morning. Here’s what’s happening: Prices: Fairlead Strategies\' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term. Insights: Bitcoin needs a good story before it can push higher, says Brent Xu, CEO of Web3 bond-market platform Umee. What will that narrative be? Prices CoinDesk Market Index (CMI) 1,209.53 +0.9 ▲ 0.1% Bitcoin (BTC) $27,618 +36.0 ▲ 0.1% Ethereum (ETH) $1,838 −6.9 ▼ 0.4% S&P 500 daily close 4,137.64 +18.5 ▲ 0.4% Gold $2,037 +0.3 ▲ 0.0% Treasury Yield 10 Years 3.44% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,209.53 +0.9 ▲ 0.1% Bitcoin (BTC) $27,618 +36.0 ▲ 0.1% Ethereum (ETH) $1,838 −6.9 ▼ 0.4% S&P 500 daily close 4,137.64 +18.5 ▲ 0.4% Gold $2,037 +0.3 ▲ 0.0% Treasury Yield 10 Years 3.44% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET All Eyes on Ether as Bitcoin Pushes Down? Good Morning Asia, Crypto is starting the trading day in Asia fairly flat after a promising U.S. Consumer Price Index pushed bitcoin above $28,000. Bitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down 0.4% to $1,838. Katie Stockton, Founder and Managing Partner of Fairlead Strategies, said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but don’t expect price appreciation yet. “From a technical perspective, the market does seem to like it, we\'re seeing a positive reaction. But really, the action is somewhat insignificant in terms of where both bitcoin and Ether have traded up late,” she said. “They recently broke down below their 50-day moving averages." Stockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term. Story continues This lower price point should serve as a nice entry point for new investors, she argues. Stockton also sees a short-term setback for Ether as it too, has moved out its 50-day moving average. However, she predicts Ether might outperform bitcoin in the short term. "We anticipate a downside for Ether, regardless of today\'s activity, with a support level around $1,755,” she said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +11.5% Entertainment Cosmos ATOM +5.5% Smart Contract Platform Polkadot DOT +2.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Ethereum ETH −0.3% Smart Contract Platform Insights An Asset Market in Search of a Good Story Banking substitute? Inflation hedge? Gold alternative? Bitcoin has yet to find a new foundation that drives the price from its weeks-long range roughly between $25,000 and $30,000, Brent Xu, CEO and co-founder of Web3 bond-market platform Umee, said on CoinDesk TV’s “All About Bitcoin” program. “Bitcoin is trying to find its next narrative,” Xu said. Bitcoin’s price seesawing on Wednesday encapsulated its vulnerability to events in recent weeks. The largest cryptocurrency by market capitalization rose on a mildly favorable Consumer Price Index (CPI) that showed inflation rising a less-than-expected 4.9% in April. But BTC sank around midday on internet rumors of a $320 million U.S. government bitcoin sell-off before rebounding as markets shrugged off the hearsay. Xu noted that the price run-ups tied to a mini-run of U.S. bank failures in April and earlier this month had failed to spur long-lasting price momentum. “We saw a bunch of banks get destroyed, and there\'s this narrative building that bitcoin will be a new banking system,” he said. “Unfortunately, that narrative is still not fully substantiated.Bitcoin is oscillating during the existing market cycles, and we haven\'t reached that bullish momentum cycle yet. He added: That is likely to happen next year. For the rest of this year, we\'re gonna see some more price oscillation.” Xu believes that the steady decline in inflation from a peak of 9.1% last June will allow the U.S. central bank to reconsider the steady diet of hawkish interest rate increases that Federal Reserve critics blame for the near banking meltdown and other economic ills. “There\'s a likelihood that we\'re going to see some potential cuts,” Xu said, adding that some analysts foresee interest rate cuts totaling 75 basis points (bps) in the months ahead. “They need to take a long hard look at what all these interest rates hikes have been doing, and just the possibility of a deeper recession into the near future,” he said. Xu said that liquidity would be important for crypto markets to thrive. Market makers Jane Street and Jump Crypto recently abandoned crypto trading in the U.S. and other firms focused or with at least a deep interest in crypto have also been scaling back their activities or threatening to move them overseas. But Xu said that “these markets will find a way to exist, if not within U.S. borders,” and added that “there will be institutional liquidity that comes in.” “It’s just building the right narrative. The next narrative needs to be a major innovation, like the Shanghai Shapella upgrade, or some sort of new L-2 (layer 2), or some major improvement to the bitcoin blockchain. And when we see those, we\'ll see more liquidity and action coming (into markets).” Important events. 9:30 a.m. HKT/SGT(1:30 UTC) Chinese Consumer Price Index (YoY/April) 7:00 p.m. HKT/SGT(11:00 UTC) Bank of England Monetary Policy Report 8:30 p.m. HKT/SGT(12:30 UTC) United States Producer Price Index ex Food & Energy (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Inches Higher After April Inflation Report; Congress\'s Joint Crypto Regulation Hearing Bitcoin (BTC) was inching higher after the annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March, versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics. Fairlead Strategies Founder and Managing Partner Katie Stockton shared her crypto markets analysis. Asobitcoin President Will Hernandez also joined "First Mover" to give an update on El Salvador\'s bitcoin experiment. And Fan-Owned Sail Team LLC Founder David Palmer shared his thoughts on creating a successful SailGP team with a passionate fan and owner base. Headlines Aragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis : After a week of bickering cooler heads began to prevail. The market responded with gusto. Crypto Derivatives Market Share Hits All-Time High : Binance continues to be the dominant crypto derivatives trading platform. Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees : The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders. Urbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth : The peer-to-peer network started in 2002 says it\'s taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned. Bitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets : Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.', 'Good morning. Here’s what’s happening:\nPrices:Fairlead Strategies\' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term.\nInsights:Bitcoin needs a good story before it can push higher, says Brent Xu, CEO of Web3 bond-market platform Umee. What will that narrative be?\nCoinDesk Market Index (CMI)\n1,209.53\n+0.9▲0.1%\nBitcoin (BTC)\n$27,618\n+36.0▲0.1%\nEthereum (ETH)\n$1,838\n−6.9▼0.4%\nS&P 500 daily close\n4,137.64\n+18.5▲0.4%\nGold\n$2,037\n+0.3▲0.0%\nTreasury Yield 10 Years\n3.44%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,209.53", "+0.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,618", "+36.0\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,838", "\\u22126.9\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,137.64", "+18.5\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,037", "+0.3\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.44%", "\\u25bc0.1"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nAll Eyes on Ether as Bitcoin Pushes Down?\nGood Morning Asia,\nCrypto is starting the trading day in Asia fairly flat after apromising U.S. Consumer Price Indexpushed bitcoin above $28,000.\nBitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down 0.4% to $1,838.\nKatie Stockton, Founder and Managing Partner of Fairlead Strategies, said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but don’t expect price appreciation yet.\n“From a technical perspective, the market does seem to like it, we\'re seeing a positive reaction. But really, the action is somewhat insignificant in terms of where both bitcoin and Ether have traded up late,” she said. “They recently broke down below their 50-day moving averages."\nStockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term.\nThis lower price point should serve as a nice entry point for new investors, she argues.\nStockton also sees a short-term setback for Ether as it too, has moved out its 50-day moving average. However, she predicts Ether might outperform bitcoin in the short term.\n"We anticipate a downside for Ether, regardless of today\'s activity, with a support level around $1,755,” she said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+11.5%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+2.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nAn Asset Market in Search of a Good Story\nBanking substitute? Inflation hedge? Gold alternative?\nBitcoin has yet to find a new foundation that drives the price from its weeks-long range roughly between $25,000 and $30,000, Brent Xu, CEO and co-founder of Web3 bond-market platform Umee, said on CoinDesk TV’s “All About Bitcoin” program.\n“Bitcoin is trying to find its next narrative,” Xu said.\nBitcoin’s price seesawing on Wednesday encapsulated its vulnerability to events in recent weeks. The largest cryptocurrency by market capitalization rose on a mildly favorable Consumer Price Index (CPI) that showed inflation rising a less-than-expected 4.9% in April. But BTC sank around midday on internet rumors of a $320 million U.S. government bitcoin sell-off before rebounding as markets shrugged off the hearsay.\nXu noted that the price run-ups tied to a mini-run of U.S. bank failures in April and earlier this month had failed to spur long-lasting price momentum.\n“We saw a bunch of banks get destroyed, and there\'s this narrative building that bitcoin will be a new banking system,” he said. “Unfortunately, that narrative is still not fully substantiated.Bitcoin is oscillating during the existing market cycles, and we haven\'t reached that bullish momentum cycle yet.\nHe added: That is likely to happen next year. For the rest of this year, we\'re gonna see some more price oscillation.”\nXu believes that the steady decline in inflation from a peak of 9.1% last June will allow the U.S. central bank to reconsider the steady diet of hawkish interest rate increases that Federal Reserve critics blame for the near banking meltdown and other economic ills. “There\'s a likelihood that we\'re going to see some potential cuts,” Xu said, adding that some analysts foresee interest rate cuts totaling 75 basis points (bps) in the months ahead.\n“They need to take a long hard look at what all these interest rates hikes have been doing, and just the possibility of a deeper recession into the near future,” he said.\nXu said that liquidity would be important for crypto markets to thrive. Market makers Jane Street and Jump Crypto recently abandoned crypto trading in the U.S. and other firms focused or with at least a deep interest in crypto have also been scaling back their activities or threatening to move them overseas.\nBut Xu said that “these markets will find a way to exist, if not within U.S. borders,” and added that “there will be institutional liquidity that comes in.”\n“It’s just building the right narrative. The next narrative needs to be a major innovation, like the Shanghai Shapella upgrade, or some sort of new L-2 (layer 2), or some major improvement to the bitcoin blockchain. And when we see those, we\'ll see more liquidity and action coming (into markets).”\n9:30 a.m. HKT/SGT(1:30 UTC)Chinese Consumer Price Index (YoY/April)\n7:00 p.m. HKT/SGT(11:00 UTC)Bank of England Monetary Policy Report\n8:30 p.m. HKT/SGT(12:30 UTC)United States Producer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Inches Higher After April Inflation Report; Congress\'s Joint Crypto Regulation Hearing\nBitcoin (BTC) was inching higher after the annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March, versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics. Fairlead Strategies Founder and Managing Partner Katie Stockton shared her crypto markets analysis. Asobitcoin President Will Hernandez also joined "First Mover" to give an update on El Salvador\'s bitcoin experiment. And Fan-Owned Sail Team LLC Founder David Palmer shared his thoughts on creating a successful SailGP team with a passionate fan and owner base.\nAragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis:After a week of bickering cooler heads began to prevail. The market responded with gusto.\nCrypto Derivatives Market Share Hits All-Time High:Binance continues to be the dominant crypto derivatives trading platform.\nUniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees:The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders.\nUrbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth:The peer-to-peer network started in 2002 says it\'s taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned.\nBitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets:Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.', "Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report. The report also reveals that Tether has increased its reserves of bitcoin and gold, with bitcoin now accounting for roughly 2% of its reserves and gold making up 4% of its assets. Tether's transparency report comes amid increased scrutiny of stablecoins by regulators, who are concerned about their potential impact on financial stability and possible use by criminals.\nThe report also shows that Tether's total assets under management (AUM) have grown to around $81.8 billion, a significant increase from the roughly $67 billion reported at the end of 2022. Tether's growth has been fueled by the increasing demand for stablecoins as a means of transacting in the crypto markets, as well as the rise of decentralized finance (DeFi) platforms that use stablecoins as collateral. Tether's transparency report is intended to provide reassurance to investors and regulators alike, as rumors regarding whether the stablecoin issuer has sufficient assets to cover their liabilities have swirled over its many years of existence.", "Tether Reports $1.48 Billion Profit in Q1, Discloses Bitcoin and Gold Reserves Tether Reports $1.48 Billion Profit in Q1, Discloses Bitcoin and Gold Reserves Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report. The report also reveals that Tether has increased its reserves of bitcoin and gold, with bitcoin now accounting for roughly 2% of its reserves and gold making up 4% of its assets. Tether's transparency report comes amid increased scrutiny of stablecoins by regulators, who are concerned about their potential impact on financial stability and possible use by criminals. The report also shows that Tether's total assets under management (AUM) have grown to around $81.8 billion, a significant increase from the roughly $67 billion reported at the end of 2022. Tether's growth has been fueled by the increasing demand for stablecoins as a means of transacting in the crypto markets, as well as the rise of decentralized finance (DeFi) platforms that use stablecoins as collateral. Tether's transparency report is intended to provide reassurance to investors and regulators alike, as rumors regarding whether the stablecoin issuer has sufficient assets to cover their liabilities have swirled over its many years of existence.", "Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report. The report also reveals that Tether has increased its reserves of bitcoin and gold, with bitcoin now accounting for roughly 2% of its reserves and gold making up 4% of its assets. Tether's transparency report comes amid increased scrutiny of stablecoins by regulators, who are concerned about their potential impact on financial stability and possible use by criminals.\nThe report also shows that Tether's total assets under management (AUM) have grown to around $81.8 billion, a significant increase from the roughly $67 billion reported at the end of 2022. Tether's growth has been fueled by the increasing demand for stablecoins as a means of transacting in the crypto markets, as well as the rise of decentralized finance (DeFi) platforms that use stablecoins as collateral. Tether's transparency report is intended to provide reassurance to investors and regulators alike, as rumors regarding whether the stablecoin issuer has sufficient assets to cover their liabilities have swirled over its many years of existence.", 'Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark, after briefly breaching US$28,000 on Wednesday as U.S. inflation slowed. Liquidity is becoming a concern after major market makers Jane Street Group and Jump Crypto quit cryptocurrency trading in the U.S. citing unfavorable regulations. Ether led the losers in the top 10 non-stablecoin cryptocurrencies, while Pokadot led the winners. U.S. equity futures traded higher asinflationeased in April, adding to speculation the Federal Reserve may pause its interest rate hikes in June.\nSee related article:Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue\nBitcoin dropped 0.60% to US$27,554 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, logging a weekly loss of 5.24%.\nThe world’s largest cryptocurrency briefly breached the US$28,000 ceiling on Wednesday as crypto markets rallied on a slower U.S. inflation rate, but soon fell back amid concerns about network congestion and liquidity.\nJane Street Group and Jump Crypto, two leading market makers, will quit digital asset trading in the U.S. as regulators crack down on the industry, according to aBloombergreport citing unnamed sources.\n“After thecollapseof several crypto-friendly banks andFTXit seems like the SEC (regulator) is unsure what leg to stand on and for sure the stance has become morehostileto cryptos and the entire financial and technical ecosystem surrounding it,” Mikkel Morch, chairman and non-executive director at digital asset investment fundARK36, said in an email.\nAs of 08:30 a.m. in Hong Kong, investors liquidated US$41.28 million of Bitcoin positions, almost 75% of which were long positions – or bets that the price of Bitcoin would rise, according to market data trackerCryptoMeter.io.\nEther fell 0.84% to US$1,837, down 3.49% for the week. The token neared US$1,900 on Wednesday before falling back to as low as US$1,795.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Polkadot’s Dot token leading the winners with a gain of 1.91% to US$5.45. However, it’s down 5.43% for the week. Web3 Foundation, the organization behind the Polygon blockchain,testifiedbefore the U.S. Congress on Wednesday on digital asset regulations, calling for a clearer rules of the road.\nThe total crypto market capitalization dipped 0.30% in the past 24 hours to US$1.14 trillion. The total trading volume rose 43.61% to US$45.84 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.67% to 3,440.57 in the 24 hours to 10:00 a.m. in Hong Kong, losing 6.15% for the week.\nMilady Maker, an Ethereum-based NFT collection, topped the 24-hour sales across the market after Elon Musk, Chief Executive Officer of Twitter and Tesla,tweetedon Wednesday an image containing the NFT.\nMilady Maker’s sales totaled over US$9.54 million in the past 24 hours, a surge of over 3,700%, according to data byCryptoSlam, with its floor price jumping 38.4% to 4.69 ETH (US$8,609), according toCoinGecko.\nBoosted by the rise of Milady Maker, NFT sales on the Ethereum blockchain jumped 89.41% in the past 24 hours to US$34.25 million, according toCryptoSlam. The average transaction fees on Ethereum came in at US$19.70 on Wednesday, a drop from its 11-month peak of US$27.68 on Saturday, according to blockchain data platformBitInfoCharts.\nU.S. stock futures moved higher as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.04%. The S&P 500 futures gained 0.19%. And the Nasdaq Composite futures added 0.16%.\nThe three U.S. indexes closed mixed in regular trading on Wednesday as investors digested the U.S.consumer price index reportthat showed annual inflation unexpectedly slowed to 4.9% in April from 5% in March, the slowest pace in the past two years. The moderate cooling of inflation indicates the Federal Reserve may take a pause in its more than year-long cycle of raising rates to slow inflation.\nOn talks to raise the U.S. debt ceiling to keep the government solvent, President Joe Bidenwarnedon Wednesday that a federal government default could trigger a global recession, according to aBloombergreport. Biden is set to continue talks to raise the debt ceiling on Friday, with congressional Republicans demanding more budget cuts in any agreement.\nOn other data releases, the U.S. producer price index and jobless claims come out Thursday to offer further insights into the health of the economy.\nThe Federal Reserve will meet on June 14 to decide its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 96.1% chance the Fed will keep rates unchanged in June, and a 3.9% chance for another 25 basis-point rate hike, down from 21.2% on Wednesday.\n(Updates with equity section.)\nSee related article:Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain', 'Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark, after briefly breaching US$28,000 on Wednesday as U.S. inflation slowed. Liquidity is becoming a concern after major market makers Jane Street Group and Jump Crypto quit cryptocurrency trading in the U.S. citing unfavorable regulations. Ether led the losers in the top 10 non-stablecoin cryptocurrencies, while Pokadot led the winners. U.S. equity futures traded higher as inflation eased in April, adding to speculation the Federal Reserve may pause its interest rate hikes in June. See related article: Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue Bitcoin, Ether lose ground Image: Envato Elements Bitcoin dropped 0.60% to US$27,554 in the 24 hours to 08:30 a.m. in Hong Kong, according to CoinMarketCap data , logging a weekly loss of 5.24%. The world’s largest cryptocurrency briefly breached the US$28,000 ceiling on Wednesday as crypto markets rallied on a slower U.S. inflation rate, but soon fell back amid concerns about network congestion and liquidity. Jane Street Group and Jump Crypto, two leading market makers, will quit digital asset trading in the U.S. as regulators crack down on the industry, according to a Bloomberg report citing unnamed sources. “After the collapse of several crypto-friendly banks and FTX it seems like the SEC (regulator) is unsure what leg to stand on and for sure the stance has become more hostile to cryptos and the entire financial and technical ecosystem surrounding it,” Mikkel Morch, chairman and non-executive director at digital asset investment fund ARK36 , said in an email. As of 08:30 a.m. in Hong Kong, investors liquidated US$41.28 million of Bitcoin positions, almost 75% of which were long positions – or bets that the price of Bitcoin would rise, according to market data tracker CryptoMeter.io . Ether fell 0.84% to US$1,837, down 3.49% for the week. The token neared US$1,900 on Wednesday before falling back to as low as US$1,795. Story continues Other top 10 non-stablecoin cryptocurrencies traded mixed, with Polkadot’s Dot token leading the winners with a gain of 1.91% to US$5.45. However, it’s down 5.43% for the week. Web3 Foundation, the organization behind the Polygon blockchain, testified before the U.S. Congress on Wednesday on digital asset regulations, calling for a clearer rules of the road. The total crypto market capitalization dipped 0.30% in the past 24 hours to US$1.14 trillion. The total trading volume rose 43.61% to US$45.84 billion. NFT index dips The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.67% to 3,440.57 in the 24 hours to 10:00 a.m. in Hong Kong, losing 6.15% for the week. Milady Maker, an Ethereum-based NFT collection, topped the 24-hour sales across the market after Elon Musk, Chief Executive Officer of Twitter and Tesla, tweeted on Wednesday an image containing the NFT. Milady Maker’s sales totaled over US$9.54 million in the past 24 hours, a surge of over 3,700%, according to data by CryptoSlam , with its floor price jumping 38.4% to 4.69 ETH (US$8,609), according to CoinGecko . Boosted by the rise of Milady Maker, NFT sales on the Ethereum blockchain jumped 89.41% in the past 24 hours to US$34.25 million, according to CryptoSlam . The average transaction fees on Ethereum came in at US$19.70 on Wednesday, a drop from its 11-month peak of US$27.68 on Saturday, according to blockchain data platform BitInfoCharts . Equities futures rise as inflation slows Image: Envato Elements U.S. stock futures moved higher as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.04%. The S&P 500 futures gained 0.19%. And the Nasdaq Composite futures added 0.16%. The three U.S. indexes closed mixed in regular trading on Wednesday as investors digested the U.S. consumer price index report that showed annual inflation unexpectedly slowed to 4.9% in April from 5% in March, the slowest pace in the past two years. The moderate cooling of inflation indicates the Federal Reserve may take a pause in its more than year-long cycle of raising rates to slow inflation. On talks to raise the U.S. debt ceiling to keep the government solvent, President Joe Biden warned on Wednesday that a federal government default could trigger a global recession, according to a Bloomberg report. Biden is set to continue talks to raise the debt ceiling on Friday, with congressional Republicans demanding more budget cuts in any agreement. On other data releases, the U.S. producer price index and jobless claims come out Thursday to offer further insights into the health of the economy. The Federal Reserve will meet on June 14 to decide its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 96.1% chance the Fed will keep rates unchanged in June, and a 3.9% chance for another 25 basis-point rate hike, down from 21.2% on Wednesday. (Updates with equity section.) See related article: Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain', 'Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark, after briefly breaching US$28,000 on Wednesday as U.S. inflation slowed. Liquidity is becoming a concern after major market makers Jane Street Group and Jump Crypto quit cryptocurrency trading in the U.S. citing unfavorable regulations. Ether led the losers in the top 10 non-stablecoin cryptocurrencies, while Pokadot led the winners. U.S. equity futures traded higher asinflationeased in April, adding to speculation the Federal Reserve may pause its interest rate hikes in June.\nSee related article:Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue\nBitcoin dropped 0.60% to US$27,554 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, logging a weekly loss of 5.24%.\nThe world’s largest cryptocurrency briefly breached the US$28,000 ceiling on Wednesday as crypto markets rallied on a slower U.S. inflation rate, but soon fell back amid concerns about network congestion and liquidity.\nJane Street Group and Jump Crypto, two leading market makers, will quit digital asset trading in the U.S. as regulators crack down on the industry, according to aBloombergreport citing unnamed sources.\n“After thecollapseof several crypto-friendly banks andFTXit seems like the SEC (regulator) is unsure what leg to stand on and for sure the stance has become morehostileto cryptos and the entire financial and technical ecosystem surrounding it,” Mikkel Morch, chairman and non-executive director at digital asset investment fundARK36, said in an email.\nAs of 08:30 a.m. in Hong Kong, investors liquidated US$41.28 million of Bitcoin positions, almost 75% of which were long positions – or bets that the price of Bitcoin would rise, according to market data trackerCryptoMeter.io.\nEther fell 0.84% to US$1,837, down 3.49% for the week. The token neared US$1,900 on Wednesday before falling back to as low as US$1,795.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Polkadot’s Dot token leading the winners with a gain of 1.91% to US$5.45. However, it’s down 5.43% for the week. Web3 Foundation, the organization behind the Polygon blockchain,testifiedbefore the U.S. Congress on Wednesday on digital asset regulations, calling for a clearer rules of the road.\nThe total crypto market capitalization dipped 0.30% in the past 24 hours to US$1.14 trillion. The total trading volume rose 43.61% to US$45.84 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.67% to 3,440.57 in the 24 hours to 10:00 a.m. in Hong Kong, losing 6.15% for the week.\nMilady Maker, an Ethereum-based NFT collection, topped the 24-hour sales across the market after Elon Musk, Chief Executive Officer of Twitter and Tesla,tweetedon Wednesday an image containing the NFT.\nMilady Maker’s sales totaled over US$9.54 million in the past 24 hours, a surge of over 3,700%, according to data byCryptoSlam, with its floor price jumping 38.4% to 4.69 ETH (US$8,609), according toCoinGecko.\nBoosted by the rise of Milady Maker, NFT sales on the Ethereum blockchain jumped 89.41% in the past 24 hours to US$34.25 million, according toCryptoSlam. The average transaction fees on Ethereum came in at US$19.70 on Wednesday, a drop from its 11-month peak of US$27.68 on Saturday, according to blockchain data platformBitInfoCharts.\nU.S. stock futures moved higher as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.04%. The S&P 500 futures gained 0.19%. And the Nasdaq Composite futures added 0.16%.\nThe three U.S. indexes closed mixed in regular trading on Wednesday as investors digested the U.S.consumer price index reportthat showed annual inflation unexpectedly slowed to 4.9% in April from 5% in March, the slowest pace in the past two years. The moderate cooling of inflation indicates the Federal Reserve may take a pause in its more than year-long cycle of raising rates to slow inflation.\nOn talks to raise the U.S. debt ceiling to keep the government solvent, President Joe Bidenwarnedon Wednesday that a federal government default could trigger a global recession, according to aBloombergreport. Biden is set to continue talks to raise the debt ceiling on Friday, with congressional Republicans demanding more budget cuts in any agreement.\nOn other data releases, the U.S. producer price index and jobless claims come out Thursday to offer further insights into the health of the economy.\nThe Federal Reserve will meet on June 14 to decide its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 96.1% chance the Fed will keep rates unchanged in June, and a 3.9% chance for another 25 basis-point rate hike, down from 21.2% on Wednesday.\n(Updates with equity section.)\nSee related article:Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain', 'Bitcoin Core developers are considering getting rid ofBRC-20transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens andOrdinalsInscriptions more generally.\nSome members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.', 'Bitcoin Core developers are considering getting rid ofBRC-20transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens andOrdinalsInscriptions more generally.\nSome members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.', 'Bitcoin Developers Debate Block of BRC-20 Transactions Bitcoin Developers Debate Block of BRC-20 Transactions Bitcoin Core developers are considering getting rid of BRC-20 transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens and Ordinals Inscriptions more generally. Some members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.', "Bitcoin experienced a roller coaster ride on Wednesday, with the price of the cryptocurrency fluctuating wildly over the course of the day. The price of Bitcoin initially fell sharply, dropping by as much as 10% before rebounding just as quickly to reclaim much of the lost ground. The sudden price swings underscored Bitcoin's vulnerability to market volatility, but also demonstrated the cryptocurrency's resilience in the face of adversity.\nInitially, the price of bitcoin has risen shortly after the release of the latest U.S. Consumer Price Index (CPI) numbers, which fell to a 4.9% increase over the past twelve months. Most market observers had predicted a CPI increase of 5.0% or 5.1% on a 12-month basis. Later in the day, the bitcoin price fell around the time a rumor was swirling that the U.S. government had sold a large stash of bitcoin; however, the rumor turned out to be false and the price eventually recovered to roughly where it started the day.\nDespite the wild fluctuations, some analysts remain bullish on Bitcoin's long-term prospects, citing a range of factors including increasing institutional adoption and growing acceptance of cryptocurrencies as a legitimate asset class. However, others caution that Bitcoin's price may be subject to further volatility in the short term, as market conditions continue to shift and new regulatory pressures emerge.", "Bitcoin experienced a roller coaster ride on Wednesday, with the price of the cryptocurrency fluctuating wildly over the course of the day. The price of Bitcoin initially fell sharply, dropping by as much as 10% before rebounding just as quickly to reclaim much of the lost ground. The sudden price swings underscored Bitcoin's vulnerability to market volatility, but also demonstrated the cryptocurrency's resilience in the face of adversity.\nInitially, the price of bitcoin has risen shortly after the release of the latest U.S. Consumer Price Index (CPI) numbers, which fell to a 4.9% increase over the past twelve months. Most market observers had predicted a CPI increase of 5.0% or 5.1% on a 12-month basis. Later in the day, the bitcoin price fell around the time a rumor was swirling that the U.S. government had sold a large stash of bitcoin; however, the rumor turned out to be false and the price eventually recovered to roughly where it started the day.\nDespite the wild fluctuations, some analysts remain bullish on Bitcoin's long-term prospects, citing a range of factors including increasing institutional adoption and growing acceptance of cryptocurrencies as a legitimate asset class. However, others caution that Bitcoin's price may be subject to further volatility in the short term, as market conditions continue to shift and new regulatory pressures emerge.", "Bitcoin Rises, Then Drops Below $27,000, and Then Rises Again After CPI Report Bitcoin Rises, Then Drops Below $27,000, and Then Rises Again After CPI Report Bitcoin experienced a roller coaster ride on Wednesday, with the price of the cryptocurrency fluctuating wildly over the course of the day. The price of Bitcoin initially fell sharply, dropping by as much as 10% before rebounding just as quickly to reclaim much of the lost ground. The sudden price swings underscored Bitcoin's vulnerability to market volatility, but also demonstrated the cryptocurrency's resilience in the face of adversity. Initially, the price of bitcoin has risen shortly after the release of the latest U.S. Consumer Price Index (CPI) numbers, which fell to a 4.9% increase over the past twelve months. Most market observers had predicted a CPI increase of 5.0% or 5.1% on a 12-month basis. Later in the day, the bitcoin price fell around the time a rumor was swirling that the U.S. government had sold a large stash of bitcoin; however, the rumor turned out to be false and the price eventually recovered to roughly where it started the day. Despite the wild fluctuations, some analysts remain bullish on Bitcoin's long-term prospects, citing a range of factors including increasing institutional adoption and growing acceptance of cryptocurrencies as a legitimate asset class. However, others caution that Bitcoin's price may be subject to further volatility in the short term, as market conditions continue to shift and new re Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,899,381,500 - Hash Rate: 360341576.2208098 - Transaction Count: 546549.0 - Unique Addresses: 596717.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: As the environmental impact of cryptocurrency ecosystems is increasingly coming to the fore, the non-profit ReFi ecosystem Evadore adopts a vision to reduce carbon emissions in the world. New York --News Direct-- Evadore Evadore, a non-profit regenerative finance (ReFi) ecosystem, takes action to reduce global carbon emissions. The Evadore ecosystem, developed by EvaLabs, will work to utilize renewable energy sources and promote the global use of renewable energy with its products named Eva Chain, EvaStore, EvaPay, GreenWallet, EvaForest and CarbonEva. ReFi startup Evadore takes action to reduce global carbon emissions Blockchain-related carbon emissions and the environmental impact of cryptocurrencies are increasingly coming to the fore as the world is on the verge of a green transformation. “Data from the University of Cambridge estimates that Bitcoin will emit around 62 megatons of carbon dioxide equivalent each year at the current velocity of mining," says EvaLabs Community Chief Timothy Walker and adds: “This is equivalent to Serbia's total carbon emissions in 2019.” Aims to use its income for a greener future Founded as a completely non-profit organization, EvaLabs uses the income it generates from its projects, excluding blockchain costs, to carry the world forward toward a greener future. EvaStore, the network project product that assumes the task of ending the climate crisis with the power of cryptocurrency and blockchain technologies, aims to transfer the carbon credits purchased to projects that purpose to reduce carbon emissions. EvaForest intends to grow forests around the world to reduce carbon emissions, while GreenWallet has the purpose to provide cryptocurrency investors with a sustainable and multi-currency cryptocurrency wallet. EvaLabs's EvaPay solution purposes to create a first-class environment-friendly cryptocurrency payment technology, while the CarbonEva app allows users to calculate their daily carbon emissions and receive tips to reduce this impact. All transactions in the Evadore ecosystem are carried out on the Eva Chain blockchain. Story continues Countries' economic systems centralized under ReFi ReFi, one of the concepts that emerged with the development of financial technologies, is known as a financial system that aims to improve the world. Positioned as a ReFi initiative, Evadore plans to take a leading role in the transition of finance to a sustainable and inclusive form. Remarking that they aim to help countries centralize their economic systems under ReFi, Timothy Walker says: "With a focus on sustainability, social justice, and environmental responsibility, ReFi’s enabler is blockchain, which is a decentralized, secure, and transparent system with the potential to transform various industries. And EvaLabs will be the pioneer of this transformation." Evadore uses almost all of the income it generates from the transactions in its ecosystem to finance the processes encouraging the utilization of renewable energy sources for the power needs of companies and governments around the world. Visit the whitepaper link to learn more about Evadore. Contact Details Evadore Timothy Walker [email protected] Company Website https://evadore.io View source version on newsdirect.com: https://newsdirect.com/news/refi-startup-evadore-offers-an-end-to-end-environment-friendly-blockchain-ecosystem-782582316... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode. Insights: Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month. Prices CoinDesk Market Index (CMI) 1,155 −23.4 ▼ 2.0% Bitcoin (BTC) $27,052 −498.3 ▼ 1.8% Ethereum (ETH) $1,801 −34.3 ▼ 1.9% S&P 500 4,130.62 −7.0 ▼ 0.2% Gold $2,021 −9.1 ▼ 0.4% Nikkei 225 29,126.72 +4.5 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,155 −23.4 ▼ 2.0% Bitcoin (BTC) $27,052 −498.3 ▼ 1.8% Ethereum (ETH) $1,801 −34.3 ▼ 1.9% S&P 500 4,130.62 −7.0 ▼ 0.2% Gold $2,021 −9.1 ▼ 0.4% Nikkei 225 29,126.72 +4.5 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Sinks Below $27K Again For a second straight day, bitcoin dropped to late March levels under $27,000 but remained safely within its weeks-long range as investors shrugged off upbeat employment and price data and the latest banking crisis to continue their wait for a true price catalyst. The largest cryptocurrency by market capitalization was recently trading at about $27,052, down 1.8% over the past 24 hours. BTC has been changing hands between $25,000 and $30,000 throughout the spring. A number of analysts believe it will linger there, short of a compelling reason for it to push higher – or lower. "Price reaction to macro data hasn\'t been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we\'ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space. Ether was recently trading at about $1,800, off about 1.9% from Wednesday, same time. The second largest crypto in market value has also remained largely rangebound in recent weeks, despite early April\'s successful Ethereum Shanghai upgrade, which completed the blockchain\'s transition from a proof-of-work to more energy efficient proof-of-stake protocol. Story continues Pepecoin-inspired meme mania was waning less than a week after reaching a stunning $1.8 billion market cap. Data by crypto intelligence firm Nansen showed that by late morning Thursday (ET), “smart money” wallets – crypto accounts of individual traders or institutions who are known for their profitable moves – had decreased their PEPE stash by $3 million in the past 24 hours. Talati said that the team behind PEPE "did a really good job of marketing the token, really building a lot of hype around it." But she added: "These tokens tend to pop up and gain a lot of notoriety when there isn\'t as much stuff happening in this space. They are usually the most accessible ones. A lot of newer entrants into crypto like to trade them." Other major cryptos were largely in the red. The CoinDesk Market Index , a measure of the crypto market\'s performance, was down 2.4%. Equities were mixed with the Dow Jones Industrial Average (DJIA) and S&P 500 falling slightly but the tech-heavy Nasdaq rising a fraction of a percentage point. The banking sector declined after Los Angeles-based PacWest Bancorp reported that it had lost more than 9% of its deposits last week. But PacWest\'s latest problems seemed an afterthought for crypto investors. Meanwhile, Arca\'s Talati was upbeat about DeFi. "There\'s definitely a lot happening in DeFi," she said. "I\'ve highlighted the last few weeks, a lot of development on certain projects like Curve and Aave, both of which launched or (are) launching their own stable coin." Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +1.9% Smart Contract Platform Stellar XLM +0.7% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −7.7% Entertainment Terra LUNA −5.4% Smart Contract Platform Loopring LRC −4.7% Smart Contract Platform Insights Bitcoin Takes a Breather Bitcoin is taking a little May "breather" as investors ponder a mini-wave of upbeat jobs and price data, said Alex McDougall, CEO of Stablecorp, in a CoinDesk TV interview Thursday. Bitcoin\'s price has plunged from highs near $31,000 less than two weeks ago, and on Wednesday, dipped below $27,000 after markets became spooked by an unfounded rumor that the U.S. government was going to sell off some $320 million in bitcoin. The largest crypto in market value has been buffeted in recent weeks, short a compelling reason to move from a weeks-long range. "We\'ve seen interest rates kind of fluctuate a little bit," said McDougall, whose firm provides blockchain-powered financial products. "And the decoupling from the risk on tech stock narrative is interesting. In any time where there are so many competing narratives going on all at once, you can almost see the market sort of flipped between narratives. Is this a doomsday hedge? Is this your risk-on asset? Is the banking sector dying?" He added "What this seems like is an opportunity to take a deep breath – a lot of people taking profits who have been underwater for a little while, an opportunity for accumulation." McDougall noted that the meme pool-spurred congestion on the bitcoin network, which prompted exchange giant Binance to suspend withdrawals twice over the weekend, had raised concerns about the blockchain\'s ability to handle additional volume generated by NFT-like Ordinals. There are "known challenges, and scalability is always part of that that trilemma," he said "When those start to rear their head, it\'s easy to sort of say \'we\'re a little too overhyped there. Let\'s cool off a little bit.\'" He said that liquidity remains another issue that the crypto industry is having to address. "It wasn\'t a healthy marketplace, but at least we had this sort of global connectivity of liquidity before," he said. "And you\'re starting to see that fracture and that global assets not be able to move as smoothly cross border, and those liquidity plugs start to disconnect a little bit." But he was sanguine about bitcoin\'s future. "A lot of these things are sort of the natural growing pains," he said, adding: "How could you not be bullish? It\'s such a it\'s a no brainer to go to this technology in the long term, but the route there is not going to be straight." Important events. JPYMoney Supply M2+CD (Apr/YoY) Australia Westpac Consumer Confidence (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips After April PPI Data; The Rise of the Meme Economy Bitcoin (BTC) slipped below $27,500 following the release of April PPI data. Arca head of research Katie Talati shared her crypto markets analysis. Plus, Timothy Massad, Kennedy School of Government at Harvard University Research Fellow and former CFTC chairman, discussed the future of U.S. crypto regulation following a joint House hearing examining the future of digital assets on Wednesday. And early Dogecoin backer Gary Lachance discussed the rise of the meme economy. Headlines CoinDesk Turns 10 – 2020: The Rise of the Meme Economy: As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series. Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position: Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions. What’s the Reality of Crypto in Crime?: The DOJ\'s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain? ‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools: PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode.\nInsights:Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month.\nCoinDesk Market Index (CMI)\n1,155\n−23.4▼2.0%\nBitcoin (BTC)\n$27,052\n−498.3▼1.8%\nEthereum (ETH)\n$1,801\n−34.3▼1.9%\nS&P 500\n4,130.62\n−7.0▼0.2%\nGold\n$2,021\n−9.1▼0.4%\nNikkei 225\n29,126.72\n+4.5▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,155", "\\u221223.4\\u25bc2.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,052", "\\u2212498.3\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,801", "\\u221234.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,130.62", "\\u22127.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,021", "\\u22129.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,126.72", "+4.5\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Below $27K Again\nFor a second straight day, bitcoin dropped to late March levels under $27,000 but remained safely within its weeks-long range as investors shrugged off upbeat employment and price data and the latest banking crisis to continue their wait for a true price catalyst.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,052, down 1.8% over the past 24 hours. BTC has been changing hands between $25,000 and $30,000 throughout the spring. A number of analysts believe it will linger there, short of a compelling reason for it to push higher – or lower.\n"Price reaction to macro data hasn\'t been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we\'ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space.\nEther was recently trading at about $1,800, off about 1.9% from Wednesday, same time. The second largest crypto in market value has also remained largely rangebound in recent weeks, despite early April\'s successful Ethereum Shanghai upgrade, which completed the blockchain\'s transition from a proof-of-work to more energy efficient proof-of-stake protocol.\nPepecoin-inspired meme mania was waning less than a week after reaching a stunning $1.8 billion market cap. Data by crypto intelligence firmNansenshowed that by late morning Thursday (ET), “smart money” wallets – crypto accounts of individual traders or institutions who are known for their profitable moves – had decreased their PEPE stash by $3 million in the past 24 hours.\nTalati said that the team behind PEPE "did a really good job of marketing the token, really building a lot of hype around it."\nBut she added: "These tokens tend to pop up and gain a lot of notoriety when there isn\'t as much stuff happening in this space. They are usually the most accessible ones. A lot of newer entrants into crypto like to trade them."\nOther major cryptos were largely in the red. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was down 2.4%.\nEquities were mixed with the Dow Jones Industrial Average (DJIA) and S&P 500 falling slightly but the tech-heavy Nasdaq rising a fraction of a percentage point. The banking sector declined after Los Angeles-based PacWest Bancorp reported that it had lost more than 9% of its deposits last week. But PacWest\'s latest problems seemed an afterthought for crypto investors.\nMeanwhile, Arca\'s Talati was upbeat about DeFi. "There\'s definitely a lot happening in DeFi," she said. "I\'ve highlighted the last few weeks, a lot of development on certain projects like Curve and Aave, both of which launched or (are) launching their own stable coin."\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.7%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Takes a Breather\nBitcoin is taking a little May "breather" as investors ponder a mini-wave of upbeat jobs and price data, said Alex McDougall, CEO of Stablecorp, in a CoinDesk TV interview Thursday.\nBitcoin\'s price has plunged from highs near $31,000 less than two weeks ago, and on Wednesday, dipped below $27,000 after markets became spooked by an unfounded rumor that the U.S. government was going to sell off some $320 million in bitcoin. The largest crypto in market value has been buffeted in recent weeks, short a compelling reason to move from a weeks-long range.\n"We\'ve seen interest rates kind of fluctuate a little bit," said McDougall, whose firm provides blockchain-powered financial products. "And the decoupling from the risk on tech stock narrative is interesting. In any time where there are so many competing narratives going on all at once, you can almost see the market sort of flipped between narratives. Is this a doomsday hedge? Is this your risk-on asset? Is the banking sector dying?"\nHe added "What this seems like is an opportunity to take a deep breath – a lot of people taking profits who have been underwater for a little while, an opportunity for accumulation."\nMcDougall noted that the meme pool-spurred congestion on the bitcoin network, which prompted exchange giant Binance to suspend withdrawals twice over the weekend, had raised concerns about the blockchain\'s ability to handle additional volume generated by NFT-like Ordinals. There are "known challenges, and scalability is always part of that that trilemma," he said "When those start to rear their head, it\'s easy to sort of say \'we\'re a little too overhyped there. Let\'s cool off a little bit.\'"\nHe said that liquidity remains another issue that the crypto industry is having to address. "It wasn\'t a healthy marketplace, but at least we had this sort of global connectivity of liquidity before," he said. "And you\'re starting to see that fracture and that global assets not be able to move as smoothly cross border, and those liquidity plugs start to disconnect a little bit."\nBut he was sanguine about bitcoin\'s future. "A lot of these things are sort of the natural growing pains," he said, adding: "How could you not be bullish? It\'s such a it\'s a no brainer to go to this technology in the long term, but the route there is not going to be straight."\nJPYMoney Supply M2+CD (Apr/YoY)\nAustralia Westpac Consumer Confidence (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips After April PPI Data; The Rise of the Meme Economy\nBitcoin (BTC) slipped below $27,500 following the release of April PPI data. Arca head of research Katie Talati shared her crypto markets analysis. Plus, Timothy Massad, Kennedy School of Government at Harvard University Research Fellow and former CFTC chairman, discussed the future of U.S. crypto regulation following a joint House hearing examining the future of digital assets on Wednesday. And early Dogecoin backer Gary Lachance discussed the rise of the meme economy.\nCoinDesk Turns 10 – 2020: The Rise of the Meme Economy:As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series.\nBitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position:Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.\nWhat’s the Reality of Crypto in Crime?:The DOJ\'s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?\n‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools:PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode.\nInsights:Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month.\nCoinDesk Market Index (CMI)\n1,155\n−23.4▼2.0%\nBitcoin (BTC)\n$27,052\n−498.3▼1.8%\nEthereum (ETH)\n$1,801\n−34.3▼1.9%\nS&P 500\n4,130.62\n−7.0▼0.2%\nGold\n$2,021\n−9.1▼0.4%\nNikkei 225\n29,126.72\n+4.5▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,155", "\\u221223.4\\u25bc2.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,052", "\\u2212498.3\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,801", "\\u221234.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,130.62", "\\u22127.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,021", "\\u22129.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,126.72", "+4.5\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Below $27K Again\nFor a second straight day, bitcoin dropped to late March levels under $27,000 but remained safely within its weeks-long range as investors shrugged off upbeat employment and price data and the latest banking crisis to continue their wait for a true price catalyst.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,052, down 1.8% over the past 24 hours. BTC has been changing hands between $25,000 and $30,000 throughout the spring. A number of analysts believe it will linger there, short of a compelling reason for it to push higher – or lower.\n"Price reaction to macro data hasn\'t been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we\'ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space.\nEther was recently trading at about $1,800, off about 1.9% from Wednesday, same time. The second largest crypto in market value has also remained largely rangebound in recent weeks, despite early April\'s successful Ethereum Shanghai upgrade, which completed the blockchain\'s transition from a proof-of-work to more energy efficient proof-of-stake protocol.\nPepecoin-inspired meme mania was waning less than a week after reaching a stunning $1.8 billion market cap. Data by crypto intelligence firmNansenshowed that by late morning Thursday (ET), “smart money” wallets – crypto accounts of individual traders or institutions who are known for their profitable moves – had decreased their PEPE stash by $3 million in the past 24 hours.\nTalati said that the team behind PEPE "did a really good job of marketing the token, really building a lot of hype around it."\nBut she added: "These tokens tend to pop up and gain a lot of notoriety when there isn\'t as much stuff happening in this space. They are usually the most accessible ones. A lot of newer entrants into crypto like to trade them."\nOther major cryptos were largely in the red. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was down 2.4%.\nEquities were mixed with the Dow Jones Industrial Average (DJIA) and S&P 500 falling slightly but the tech-heavy Nasdaq rising a fraction of a percentage point. The banking sector declined after Los Angeles-based PacWest Bancorp reported that it had lost more than 9% of its deposits last week. But PacWest\'s latest problems seemed an afterthought for crypto investors.\nMeanwhile, Arca\'s Talati was upbeat about DeFi. "There\'s definitely a lot happening in DeFi," she said. "I\'ve highlighted the last few weeks, a lot of development on certain projects like Curve and Aave, both of which launched or (are) launching their own stable coin."\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.7%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Takes a Breather\nBitcoin is taking a little May "breather" as investors ponder a mini-wave of upbeat jobs and price data, said Alex McDougall, CEO of Stablecorp, in a CoinDesk TV interview Thursday.\nBitcoin\'s price has plunged from highs near $31,000 less than two weeks ago, and on Wednesday, dipped below $27,000 after markets became spooked by an unfounded rumor that the U.S. government was going to sell off some $320 million in bitcoin. The largest crypto in market value has been buffeted in recent weeks, short a compelling reason to move from a weeks-long range.\n"We\'ve seen interest rates kind of fluctuate a little bit," said McDougall, whose firm provides blockchain-powered financial products. "And the decoupling from the risk on tech stock narrative is interesting. In any time where there are so many competing narratives going on all at once, you can almost see the market sort of flipped between narratives. Is this a doomsday hedge? Is this your risk-on asset? Is the banking sector dying?"\nHe added "What this seems like is an opportunity to take a deep breath – a lot of people taking profits who have been underwater for a little while, an opportunity for accumulation."\nMcDougall noted that the meme pool-spurred congestion on the bitcoin network, which prompted exchange giant Binance to suspend withdrawals twice over the weekend, had raised concerns about the blockchain\'s ability to handle additional volume generated by NFT-like Ordinals. There are "known challenges, and scalability is always part of that that trilemma," he said "When those start to rear their head, it\'s easy to sort of say \'we\'re a little too overhyped there. Let\'s cool off a little bit.\'"\nHe said that liquidity remains another issue that the crypto industry is having to address. "It wasn\'t a healthy marketplace, but at least we had this sort of global connectivity of liquidity before," he said. "And you\'re starting to see that fracture and that global assets not be able to move as smoothly cross border, and those liquidity plugs start to disconnect a little bit."\nBut he was sanguine about bitcoin\'s future. "A lot of these things are sort of the natural growing pains," he said, adding: "How could you not be bullish? It\'s such a it\'s a no brainer to go to this technology in the long term, but the route there is not going to be straight."\nJPYMoney Supply M2+CD (Apr/YoY)\nAustralia Westpac Consumer Confidence (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips After April PPI Data; The Rise of the Meme Economy\nBitcoin (BTC) slipped below $27,500 following the release of April PPI data. Arca head of research Katie Talati shared her crypto markets analysis. Plus, Timothy Massad, Kennedy School of Government at Harvard University Research Fellow and former CFTC chairman, discussed the future of U.S. crypto regulation following a joint House hearing examining the future of digital assets on Wednesday. And early Dogecoin backer Gary Lachance discussed the rise of the meme economy.\nCoinDesk Turns 10 – 2020: The Rise of the Meme Economy:As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series.\nBitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position:Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.\nWhat’s the Reality of Crypto in Crime?:The DOJ\'s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?\n‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools:PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.', 'Crypto Twitter Attacks Coinbase Over Pepe Characterization Crypto Twitter Attacks Coinbase Over Pepe Characterization Coinbase\'s recent newsletter has irked crypto Twitter , with many users upset about a mischaracterization of the Pepe the Frog meme as a tool of racists and some others accusing the exchange of promoting a highly-speculative meme token. The newsletter, which was published on May 10, highlighted the rise of PEPE, a token based on the popular Pepe the Frog meme. PEPE has seen a meteoric rise in value in recent weeks, surging from a few hundred thousands in market cap in April to a peak of more than $1.5 billion on May 5. However, the token has since lost more than half of its value in less than a week. The PEPE community in particular was furious at how the Pepe the Frog meme was depicted in the newsletter, as #DeleteCoinbase trended on Twitter. Coinbase has since apologized for its coverage of PEPE, saying that it "screwed up." The exchange has also said that it will be more careful in the future about how it covers meme coins. The rise of PEPE is part of a broader trend of meme coins gaining popularity in the crypto space. In addition to the more popular PEPE token on Ethereum, a PEPE BRC-20 token is also one of the more popular assets issued via the controversial Ordinals protocol on Bitcoin.', 'Coinbase\'s recent newsletter has irkedcrypto Twitter, with many users upset about a mischaracterization of the Pepe the Frog meme as a tool of racists and some others accusing the exchange of promoting a highly-speculative meme token. The newsletter, which was published on May 10, highlighted the rise of PEPE, a token based on the popular Pepe the Frog meme. PEPE has seen a meteoric rise in value in recent weeks, surging from a few hundred thousands in market cap in April to a peak of more than $1.5 billion on May 5. However, the token has since lost more than half of its value in less than a week.\nThe PEPE community in particular was furious at how the Pepe the Frog meme was depicted in the newsletter, as #DeleteCoinbase trended on Twitter. Coinbase has since apologized for its coverage of PEPE, saying that it "screwed up." The exchange has also said that it will be more careful in the future about how it covers meme coins.\nThe rise of PEPE is part of a broader trend ofmeme coinsgaining popularity in the crypto space. In addition to the more popular PEPE token on Ethereum, a PEPEBRC-20 tokenis also one of the more popular assets issued via the controversial Ordinals protocol on Bitcoin.', 'Bitcoin has mostly been trading below $30,000 since late April, as the ongoing banking crisis and drama over the debt ceiling in the U.S. have investors wondering what it all means for the world’s largest cryptocurrency. Over the past 24 hours, the cryptocurrency dropped below $27,000, touching a low of $26,805.\nInvestors remain concerned aboutlow liquidity, which has led to relatively small sell orders having a larger-than-normal impact on the bitcoin price. Meanwhile, an outflow of deposits at PacWest Bancorp (PACW) did not appear to have the same bullish impact on the bitcoin price as other recent outflows and outright failures at other banks did, according to a note from Oanda’s Edward Moya. PACW fell roughly 22% on the day.\nBitcoin has been more active around macro events such as Consumer Price Index (CPI) reports and the recent bank failures. After nearly doubling from the lows around $16,000 that were hit late last year, further progress has stalled out since March.', 'Bitcoin has mostly been trading below $30,000 since late April, as the ongoing banking crisis and drama over the debt ceiling in the U.S. have investors wondering what it all means for the world’s largest cryptocurrency. Over the past 24 hours, the cryptocurrency dropped below $27,000, touching a low of $26,805.\nInvestors remain concerned aboutlow liquidity, which has led to relatively small sell orders having a larger-than-normal impact on the bitcoin price. Meanwhile, an outflow of deposits at PacWest Bancorp (PACW) did not appear to have the same bullish impact on the bitcoin price as other recent outflows and outright failures at other banks did, according to a note from Oanda’s Edward Moya. PACW fell roughly 22% on the day.\nBitcoin has been more active around macro events such as Consumer Price Index (CPI) reports and the recent bank failures. After nearly doubling from the lows around $16,000 that were hit late last year, further progress has stalled out since March.', 'Bitcoin Drops Below $27,000 Bitcoin Drops Below $27,000 Bitcoin has mostly been trading below $30,000 since late April, as the ongoing banking crisis and drama over the debt ceiling in the U.S. have investors wondering what it all means for the world\x92s largest cryptocurrency. Over the past 24 hours, the cryptocurrency dropped below $27,000, touching a low of $26,805. Investors remain concerned about low liquidity , which has led to relatively small sell orders having a larger-than-normal impact on the bitcoin price. Meanwhile, an outflow of deposits at PacWest Bancorp (PACW) did not appear to have the same bullish impact on the bitcoin price as other recent outflows and outright failures at other banks did, according to a note from Oanda\x92s Edward Moya. PACW fell roughly 22% on the day. Bitcoin has been more active around macro events such as Consumer Price Index (CPI) reports and the recent bank failures. After nearly doubling from the lows around $16,000 that were hit late last year, further progress has stalled out since March.', 'Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon’s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June.\nSee related article:Bitcoin network buckles under weight of BRC-20’s runaway success\nBitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, losing 6.63% for the week. The world’s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28.\nCongestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when theBRC-20 token standardwas introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcherJochen Hoenicke.\nThe jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor,emailedthe Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which “threaten the smooth and\xa0normal use of the Bitcoin network as a peer-to-peer digital currency.”\nBitcoin’s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world’s leading market makers, are reportedly quitting digital asset trading in the U.S., according to aBloombergreport on Wednesday.\nEther fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3.\nThe Beacon Chain of the Ethereum Network brieflystopped validating transactionson early Friday morning, with Ethereum developerstweetinglater that the outage had been resolved and the cause still under investigation.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Polygon’s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023.\nThe total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week.\nNFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data fromCryptoSlam.\nNFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%.\nMemecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data trackerBRC-20.io.\nU.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks.\nThe U.S.producer price index(PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according toReuterson Thursday.\nU.S.initial jobless claimsrose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a ThursdayBloombergreport. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June.\nOn U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lendersaidits deposits declined approximately 9.5%\xa0 in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year.\nPresident Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according toCNNon Thursday, with the negotiations making little progress so far.\nThe Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday.\n(Updates with equity section.)\nSee related article:Japan looks to regain its place in the cryptocurrency world pecking order', 'Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon’s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June.\nSee related article:Bitcoin network buckles under weight of BRC-20’s runaway success\nBitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, losing 6.63% for the week. The world’s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28.\nCongestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when theBRC-20 token standardwas introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcherJochen Hoenicke.\nThe jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor,emailedthe Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which “threaten the smooth and\xa0normal use of the Bitcoin network as a peer-to-peer digital currency.”\nBitcoin’s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world’s leading market makers, are reportedly quitting digital asset trading in the U.S., according to aBloombergreport on Wednesday.\nEther fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3.\nThe Beacon Chain of the Ethereum Network brieflystopped validating transactionson early Friday morning, with Ethereum developerstweetinglater that the outage had been resolved and the cause still under investigation.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Polygon’s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023.\nThe total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week.\nNFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data fromCryptoSlam.\nNFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%.\nMemecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data trackerBRC-20.io.\nU.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks.\nThe U.S.producer price index(PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according toReuterson Thursday.\nU.S.initial jobless claimsrose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a ThursdayBloombergreport. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June.\nOn U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lendersaidits deposits declined approximately 9.5%\xa0 in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year.\nPresident Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according toCNNon Thursday, with the negotiations making little progress so far.\nThe Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday.\n(Updates with equity section.)\nSee related article:Japan looks to regain its place in the cryptocurrency world pecking order', 'Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon\x92s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June. See related article: Bitcoin network buckles under weight of BRC-20\x92s runaway success Bitcoin, Ether fall to monthly lows Image: Envato Elements Bitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according to CoinMarketCap data , losing 6.63% for the week. The world\x92s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28. Congestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when the BRC-20 token standard was introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcher Jochen Hoenicke . The jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor, emailed the Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which \x93threaten the smooth and\xa0normal use of the Bitcoin network as a peer-to-peer digital currency.\x94 Bitcoin\x92s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world\x92s leading market makers, are reportedly quitting digital asset trading in the U.S., according to a Bloomberg report on Wednesday. Ether fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3. Story continues The Beacon Chain of the Ethereum Network briefly stopped validating transactions on early Friday morning, with Ethereum developers tweeting later that the outage had been resolved and the cause still under investigation. All other top 10 non-stablecoin cryptocurrencies traded lower. Polygon\x92s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023. The total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion. NFT index dips, Ethereum sales slide after Milady hype The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week. NFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data from CryptoSlam . NFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%. Memecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data tracker BRC-20.io . Equity futures gain on slowing inflation data Image: Envato Elements U.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks. The U.S. producer price index (PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according to Reuters on Thursday. U.S. initial jobless claims rose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a Thursday Bloomberg report. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June. On U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lender said its deposits declined approximately 9.5%\xa0 in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year. President Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according to CNN on Thursday, with the negotiations making little progress so far. The Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday. (Updates with equity section.) See related article: Japan looks to regain its place in the cryptocurrency world pecking order', '• US stocks were mostly lower on Thursday after weekly jobless claims jumped to the highest level since October 2021.\n• Initial jobless claims surged by 22,000 to 264,000, which was ahead of estimates for 245,000.\n• Fears of a banking crisis were reignited after PacWest said its deposits fell by nearly 10% last week.\nUS stocks traded mostly lower on Thursday after fresh economic data reignited fears of a potential recession.\nWeekly jobless claims surged by 22,000 to 264,000, hitting the highest level since October 2021 and topping economists\' estimates for 245,000. It continues a recent trend of the unemployment claims ticking higher as more companies reduce their headcounts or slow down hiring.\nIn an interview onCNBCThursday, top economistDavid Rosenberg warned that a recession could sneak upon the economy in the coming months. "Recessions are like this odorless gas. They catch up on you," he warned.\nBanking fears were renewed afterPacWest said its deposit base shrank by nearly 10% last week,following a report that said it was considering a sale. The troubled bank stock plunged by more than 20% and helped drag down the Regional Banking sector ETF by 2%.\nInvestors remain focused on earnings after Disney reported a decline in streaming subscriptions to its Disney+ platform. The stock fell about 6%. So far, 90% ofS&P 500companies have reported first-quarter results, with 77% of those companies beating profit estimates by a median of 8%.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Thursday:\n• S&P 500:4,130.62, down 0.17%\n• Dow Jones Industrial Average:33,309.51, down 0.66% (221.82 points)\n• Nasdaq Composite:12,328.51, up 0.18%\nHere\'s what else happened today:\n• Egg prices have declined by 32%since their January peak, which has helped limit the rise of inflation in recent months.\n• Top economist David Rosenberg said Microsoft\'s decision to not raise salaries for its full-time employeessignaled that US inflation should continue to fall.\n• Bitcoin has slumped nearly 10%over the past month, putting the 2023 crypto rally in jeopardy after a strong start to the year.\n• Alphabet gained more than $130 billion in market valueover a two-day period after the company unveiled its artificial intelligence ambitions.\n• Robinhood said that it will launch 24-hour tradingto let its customers buy and sell popular stocks like Tesla and Apple.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 1.65% to $71.36 per barrel.Brent crude, oil\'s international benchmark, dropped 1.28% to $75.43.\n• Goldslipped 0.74% to $2,022.00 per ounce.\n• The yield on the 10-year Treasury dropped 4 basis point to 3.39%.\n• Bitcoin dropped 2.84% to $26,844, while ether fell 3.14% to $1,784.\nRead the original article onBusiness Insider', 'Photo by Spencer Platt/Getty Images US stocks were mostly lower on Thursday after weekly jobless claims jumped to the highest level since October 2021. Initial jobless claims surged by 22,000 to 264,000, which was ahead of estimates for Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $510,103,455,412 - Hash Rate: 336477895.6763853 - Transaction Count: 509159.0 - Unique Addresses: 604937.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: WASHINGTON ― No aspect of the cryptocurrency industry escaped criticism in a scathing report from the White House this week. The White House Council of Economic Advisers delivered a 35-page takedown of the idea that digital assets like Bitcoin are useful as an alternative to government-backed currency, the claim that crypto’s underlying distributed ledger technology could have some utopian application, and the notion that it could serve as a hedge against inflation. “Although the underlying technologies are a clever solution for the problem of how to execute transactions without a trusted authority, crypto assets currently do not offer widespread economic benefits,” the council writes. “They are largely speculative investment vehicles and are not an effective alternative to fiat currency. Also, they are too risky at present to function as payment instruments or to expand financial inclusion.” The extended crypto criticism, which fills one chapter in a book-length annual report the White House sends to Congress each year, represents a stark change in tone from President Joe Biden’s administration. One year ago, Biden signed an executive order asking federal agencies to look at ways of curtailing the risks of crypto without stifling “financial innovation.” This week’s report makes clear the White House thinks crypto can’t innovate much besides the same kinds of financial disasters that prompted Congress to regulate the banking industry a century ago. “The risks presented by crypto assets stem from excessive speculation, high leverage, run risk, environmental harm from crypto asset mining, and fraudulent activities that harm retail investors and corporations,” the report says. The White House also notes that crypto assets “are the standard form of payment extorted from victims of ‘ransomware,’ whereby a malicious actor hacks an organization and demands payment to release control of the victim’s network and often to purportedly forgo leaking the victim’s stolen data.” Story continues The supposed promise of crypto is that it operates on a peer-to-peer network of computers without an institutional intermediary like a bank or a government. In the White House’s view, that is also its fundamental problem. What accounts for the White House’s newfound hostility? Back when Biden issued his executive order, the crypto industry was worth more than $3 trillion and had been flying high, with stars like Tom Brady and Larry David espousing its benefits in Super Bowl advertisements. Since then, crypto has suffered several high-profile embarrassments, such as the collapse of a so-called “stablecoin” and the crypto exchange FTX, whose founder Sam Bankman-Fried allegedly committed all manner of financial crimes in the course of becoming a media darling. In the past year, the industry has lost about two-thirds of its value — meaning people who invested on Brady’s advice likely lost money. Crypto players had hoped Congress might step in and free the industry from strict regulation by increasingly hostile federal agencies like the Securities and Exchange Commission; the White House suggested in its report that no new laws are needed. “Much of the activity in the crypto asset space is covered by existing regulations and regulators are expanding their capabilities to bring a large number of new entities under compliance,” the White House said. The Blockchain Association, an industry lobbying group, said Tuesday it was disappointed by the White House report. “We urge the Biden administration to consider how it will be remembered: as a leader of profound innovation or a roadblock to a global tech revolution,” Blockchain Association CEO Kristin Smith said in a statement . Sen. Cynthia Lummis (R-Wyo.), a leading cheerleader for crypto on Capitol Hill and herself a major crypto investor, also pushed back against the White House report during an interview with HuffPost, saying the White House should support new legislation to regulate the industry. Lummis then held up her Apple iPhone and directed Siri, the phone’s digital voice assistant, to tell her the current market price of a Bitcoin. Siri complied by saying “$28,700.” (An hour later, Bitcoin’s price fell to around $26,800.) “I would suggest commodities have a value and Bitcoin is a commodity,” Lummis said, satisfied by Siri’s answer. “If a person is looking for short-term gain, it’s the wrong asset to be in. Just like other assets, it should be part of a diversified asset allocation. But to suggest it has no economic benefit or value is absolutely wrong.”... - Reddit Posts (Sample): [['u/daytrader24365', '5 Million members', 166, '2023-05-12 02:47', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/', 'I remember when there was not even a million members.....Dying to know the price of Bitcoin when we have 10 Million members', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/', '13f5ngy', [['u/8bitdreamer', 22, '2023-05-12 05:37', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jjtwff7/', 'I remember 60,000', '13f5ngy'], ['u/2plash6', 46, '2023-05-12 06:16', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju0kem/', '5 million is massive, especially compared to the other top subreddits. I never knew Bitcoin on Reddit would be so popular.', '13f5ngy'], ['u/AnOrdinaryMammal', 12, '2023-05-12 06:28', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju1rtp/', 'I still don’t like the whole 1 Bitcoin = 1 Bitcoin thing. \n\n\n1 Bolivar = 1 Bolivar too. It doesn’t explain anything.', '13f5ngy'], ['u/twoplustwoisyellow', 15, '2023-05-12 07:01', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju4xep/', '5 million members. 9 comments. I can go to a sub about pretzels only made in Idaho and get more comments in 15 minutes. We need people actively contributing and getting the ball rolling. This thread is interesting to me but here we are. No one even commenting about it.', '13f5ngy'], ['u/quityourcunting', 13, '2023-05-12 07:39', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju89s8/', 'Idk man. This is the kind of sub that discourages dumb, low effort content. I made a post about having a last call for sub 20k btc when it creeped up from 16k late last year and it was deleted for being a basic post about bitcoin price. I’m guessing Idaho pretzel subs have less stringent standards.', '13f5ngy'], ['u/Farnboroughrd', 24, '2023-05-12 07:50', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju9787/', 'Bitcoin is my last roll of the dice for financial security for my children,the way things are going here(Australia) inflation (hidden tax) is rising wages haven’t gone up in a decade, electricity is ridiculously expensive, house prices are astronomical, this isn’t how I thought it would be,I thought back in the 70’s that the future would be so much better but it’s not it’s the exact opposite of how it should be.', '13f5ngy'], ['u/FixedGearJunkie', 12, '2023-05-12 16:58', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jjvpuvt/', 'I remember when we hit 1 million. The quality of posts has gone a bit downhill. But I still love this sub.', '13f5ngy'], ['u/BitcoinFan7', 11, '2023-05-12 18:03', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jjvzmvo/', 'The early users were mainly AnCaps and cypherpunks and the discussions were certainly more in depth on topics like economics, libertarianism, and distributed systems. I do miss the meeting of the minds and debate on big ideas but every sub that gains in popularity eventually hits an eternal september where the high level discussions are diluted and the memes proliferate. Not much we can do about it except collectively try to submit more thought provoking content and downvote vapid low effort content.', '13f5ngy']]], ['u/kap89', 'Some perspective on the number of Visa and ACH transfers from my recent r/bitcoin conversation', 19, '2023-05-12 03:12', 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/', "> Any idea how many transactions are dealt with by visa for example?\n\nIn 2022 fiscal year they processed [192.5 billion transactions](https://annualreport.visa.com/financials/default.aspx), so ~6,104 TPS.\n\nThey claimed total capacity of:\n\n* 24,000 TPS in [2010](https://usa.visa.com/run-your-business/small-business-tools/retail.html)\n* 65,000+ TPS in [2017](https://www.visa.co.uk/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf)\n\nSo in general, they should handle all transaction on the fly, with no backlog / mempool.\n\n---\n\n> I guess the difference is that btc transactions are all final settlement, where visa isn’t. I guess I should have asked how many ach bank transfers happen.\n\nWhile it's hard to tell exactly, as there are many clearing houses in the world, here are some stats to give you an idea:\n\n* [US ACH Network](https://en.wikipedia.org/wiki/ACH_Network) in 2018 processed 23 billion transactions, which averages to ~730 TPS,\n\n* [BACS (UK)](https://en.wikipedia.org/wiki/BACS) in 2019 processed 6.5 billion transactions, which averages to ~206 TPS, and while I don't have maximum capacity for any of these institutiions, the linked wiki page mentions maximum transactions processed by BACS in one day as 124 million, which averages to ~1,435 TPS,\n\nIf we approximate from these two data-points (I know, it's a very crude approximation), we would get ~80 million transactions per 1 million citizens per year. Which multiplied by global population would produce ~640 billion transactions per year, which averages to >20,000 TPS, with unknown max capacity (assuming that these system can scale at least to the level of UK record day, you can multiply the final number by at least 7).\n\nOf course economic activity is different in different parts of the world, there are countries where number of ACH transactions is little bigger (probably countries like Japan and South Korea), or much lower (parts of Africa), but as a _future_ world currency, Bitcoin will have to tackle these numbers eventually.", 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/', '13f67k8', [['u/Nutmeg92', 14, '2023-05-12 05:41', 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/jjtwuuj/', 'It’s fine, it’s a free market, you can just bid 1000$ to get your grocery payment through in less than 6 hours.', '13f67k8'], ['u/b0b89', 14, '2023-05-12 08:35', 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/jjucsan/', "You fools you forgot how Bitcoin works. 🙄\n\nYou're focused on the current endless growth of capitalism. A constantly growing number of people buying more and more things. \n\nBitcoin outsmarts the problem. Instead of scaling capacity up it scales demand down. 😎\n\nBy causing an environmental catastrophe that renders much of the earth 🌎 uninhabitable 😳\n\nWho's gonna need thousands of transactions a second when the population is 800 people mostly farming teff and scavenging the ewaste dumps", '13f67k8']]], ['u/Hellboymeep', 'Remaining Music Left (Updated)', 189, '2023-05-12 04:03', 'https://www.reddit.com/r/LilPeep/comments/13f7d5t/remaining_music_left_updated/', 'Hello everyone: To put it short, i decided to make a updated version of this list after such a long time, now that so much material have both been discorvered, released & leaked :)\n\nNow for this post, im only gonna do stuff that haven\'t been heard fully before as i feel like its way more interesting just reading about the unheard stuff, other than stuff that is heard, just not on streaming platforms.\n\nAlso im sorry that around the bottom, there is barely any pics and only links to imgur, however its due to reddit only allowing to post 20 pictures and 5 videos per post.\n\nI will put everthing in yearly order starting with remaining songs on remaining projects, then going to singles & music videos.\n\nI have a pretty strong feeling im missing something, so if there is anything im missing, feel free to comment it below so i can get it added!\n\n\n\nQuick note: I do NOT condone or support the people leaking peeps music, im just posting it on here so that everyone that wants to hear it can. \n\nAlso a short message for Liza, if you see this and want me to take down the links for the leaked stuff, please feel free to comment it under the post, or dm me, and ill will get it all taken down! I never want to be disrespectful in any way🙏❤️\n\n\n\n# Projects:\n\n*GRXXNGHOSTEXENPEEP:\n\nCover: Unknown\n\nTracklist: Unknown\n\nProducer(s): Unknown\n\nDescription: GRXXNGHOSTEXENPEEP was a project that made during the early schemmaposse era in 2016 maybe even a little bit in 2015. In a [Instagram Post](https://www.instagram.com/p/COEY-MSHV4T/) by Jgrxxn he goes over some of his unreleased stuff, (Mainly beats) and we can see the name of the project when he scrolls down. \n\nIn the replies someone asked about what it was, and Jgrxxn said it was a project they were working on. When someone asked if it was lost he said: \'\'Got verses here and there\'\'. Other than that no one knows if its ever gonna release or get heard.\n\n\n\n\n\n\n\nPEEP X CRAIG XEN MIXTAPE:\n\n[Cover For The Peep X Craig Xen Tape, confirmed in dms with Nar On The Track](https://preview.redd.it/5k6za95uq8za1.png?width=709&format=png&auto=webp&v=enabled&s=c4c27d9070f6dfb6f05e8e0440542521e82f2202)\n\nTracklist: \n[Unbreakable](https://youtu.be/Lc68FuxwkJs) \n(Rest unknown)\n\nProducer(s): Nar On The Track\n\nDescription: The peep x craig xen mixtape was recorded in between late 2015 and early 2016. The Mixtape is produced entirely by \'\'Nar on the track\'\'. In a now deleted tweet on 06/27/2017, Nar On The Track posted saying. \'\'This @ Craigxen x @ lil peep tape fully produced by me was pose to be out a year ago\'\'. \n\nIn 2021/2022, a person reached out to Nar On The Track and asked about the tape. Nar On the track said: \'\'Craig Xen stopped replying to my dms years ago and i never got to meet either so i have no idea what happened to the project.\n\n[Deleted tweet from Nar On The Track](https://preview.redd.it/v1qc9udnq8za1.jpg?width=392&format=pjpg&auto=webp&v=enabled&s=0298b733580390f1e7237e57b1f4a856a6ae1324)\n\n\n\n\n\n\n\nPeep Hart EP:\n\n[When cold hart announced the first single of the EP \$On The Run\$ This was the cover art he used.](https://preview.redd.it/tx2h7y9bx8za1.jpg?width=640&format=pjpg&auto=webp&v=enabled&s=00ed2d3c4a6b2c61bbcf83920a88ee36e2f35bca)\n\nTracklist: \n[On The Run](https://soundcloud.com/coldhart/on-the-run-ft-lil-peep-prod-by-loudmouth-kk) \n(Rest Unknown)\n\nProducer(s): Loudmouf Kang\n\nDescription: The Peep Hart EP is EP between Peep & Cold Hart that is now scrapped. The First announcment of the EP was a [Tweet](https://twitter.com/Lilpeep/status/709471602157555713?ref_src=twsrc%5Etfw) from March 14, 2016, uploaded by peep stating he was working with Cold Hart on a EP, called Peep Hart. On april 12, 2016 Cold Hart [Tweeted](https://twitter.com/Coldh4rt/status/719818160371728384?ref_src=twsrc%5Etfw) the announcment of the first song off the ep, which released on soundcloud as a single which is \'\'On the Run\'\' \n\nNothing more came out from the ep, and the rest of the songs from peep & cold hart would all just release as singles.\n\n\n\n\n\n\n\nHate Me - EP\n\n[Cover for the Hate Me EP](https://preview.redd.it/dceyt0aor8za1.jpg?width=327&format=pjpg&auto=webp&v=enabled&s=30e9a1a0a9c14bdd0ac599af2b20536668c42226)\n\nTracklist (No Specific Order): \nLooking For You \n[Hate Me (Original/Demo)](https://soundcloud.com/faygo_is_gone/lil-peep-hate-me-og-demo-prod) \n[Spotlight (Original/Demo)](https://www.youtube.com/watch?v=U665xHrHa6Q)\n\nProducer(s): Smokeasac & Lars Stalfors\n\nDescription: The Hate Me EP was entirely recorded in 2016, when FAE requested peep to make more radio-friendly songs. Smokeasac would say in a ALT PRESS interview that the EP would release at some point, and he also gave some info about Hate me:\n\n[What Smokeasac said in the ALT PRESS interview](https://preview.redd.it/k7qpf28fu8za1.png?width=750&format=png&auto=webp&v=enabled&s=3f0845a365985e103aab73bc3e7cc1d0feacc0a8)\n\nMost noteably, Smokeasac mentioned the EP would be out at some point in time.\n\nThe only song we need to hear from the EP is \'\'Looking For You. In late december 2021 a youtube account called \'\'Dj Not Goth\'\' uploaded a live show with the DJ playing the full song. Which now we have the full song in low quality.\n\n\n\n\n\n\n\nPeep X Smokepurpp EP\n\nCover: No Official Cover\n\nTracklist: \n[smokepurpp on a bean](https://soundcloud.com/lil_peep/smokepurpp-on-a-bean-prod-willie-g) , \n[Nobody](https://soundcloud.com/leonid-gorin-481650986/lil-peep-smokepurpp-nobody-prod-metro-boomin-leni-edit) \n(Rest Unknown)\n\nProducers: Willie G, Sonny Digital, Metro Booming & Southside.\n\nDescription: The Peep x Smokepurpp EP was most likely recorded late 2016, on the WHEN THE LEAN RUNS OUT tour with hosted by Fat Nick. \n\nA couple of years ago, Smokepurpp would reply in a discord chat, that the tape would most likely not get released. A comment on reddit would say: \'\'According to smoke purp, the songs are on peeps ipjone, meaning he\'s (peep) is/was the only one to have the song\'\'. Liza replied saying \'\'Well...the iPhone changed...\'\' \n\nIts not yet 100% sure if the last song(s) are safe somewhere. For now we can only hope.\n\n\n\n\n\n\n\nHigh Fashion (Original Version)\n\nCover: No Official Cover\n\nTracklist: \n[Old Me (Original/Demo)](https://youtu.be/Y8vNLoT7XqE) \n[Living Rooms (Original/Demo)](https://youtu.be/59tucjOO5Cw) \n[Choose (Original/Demo)](https://soundcloud.com/user-698694071/lil-peep-spotlight-og?si=9c4c60bd108a42e8a136d36852558ecb&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing) \nUnknown song with BB Sun \nResting ([Snippet](https://www.youtube.com/shorts/i2oGy7yZXW4)) \n[Shine](https://youtu.be/Ed0kWAC6-HE)\n\nProducer(s): Harry Fraud\n\nDescription: Not much to say, the songs without features were all recorded with Harry Fraud in his studio around january of 2017. The songs on the \'\'original\'\' EP, is just the first versions that later would get mixed to being high fashion now. Of all songs, Old me is the only song that wasn\'t \'\'meant\'\' for the EP, it is actually a 2015 peep song, that the stems were used from to create old me :)\n\nThe rest of material we need from the EP, is the song with BB Sun, which he spoke about in a couple of [Tweets](https://twitter.com/BIGBADBOLO_/status/1292561781693407232?ref_src=twsrc%5Etfw) , He also mentioned in another [Tweet](https://twitter.com/BIGBADBOLO_/status/931270397328158720) after peeps passing that their song never got finished which could also be a reason for the song not releasing officially with the rest of high fashion.\n\nResting is most likely a solo peep song, that we sadly don\'t really have much info on. The person that originally posted the snippet said at a later date, that resting is actually not the Peep X Trippie Redd song. \n\n[Shine](https://youtu.be/Ed0kWAC6-HE) is the last song that we know of when it comes to the original Peep X Harry Fraud EP. The song is the Trippie Redd Open Verse, that peep was put on, by the label which was meant to be their song together. According to Trippie in a instagram livestream he didn\'t even know anything about it.\n\nNote: Trippies part of the song is almost if not 100% real. But peeps vocals of the song is put together ON the open verse by hackers. However its still most likely that instrumental used etc.\n\n\n\n\n\n\n\nWYTE CHYNA (Peep X KirbLaGoop Mixtape)\n\n[Cover for the mixtape with KirbLaGoop](https://preview.redd.it/qi1loebgf9za1.png?width=808&format=png&auto=webp&v=enabled&s=9fc62a3ed9f8d4bf1c3f593c18015e2afcb5e1f2)\n\nTracklist: \n[Freebeez](https://soundcloud.com/kirblagoop/freebeez-x-lil-peep-prodpentagrvm) \n(Rest Unknown)\n\nProducers: Pentagrvm , (Rest Unknown)\n\nDescription: When it comes to WYTE CHYNA there is barely any info to work with. It was recorded in early 2017, most likely around febuary-march when peep also started working on the first tracks for COWYS.\n\nThe amount of songs on the tracklist is unknown and KirbLaGoop has barely talked about it. The only time he ever mentioned the tape, was in a instagram story saying it would never release.\n\n\n\n[Kirbs Instagram story.](https://preview.redd.it/57suqgobg9za1.png?width=1170&format=png&auto=webp&v=enabled&s=766aa69573e2515c1667a4933e39b3650fef10aa)\n\n\n\n\n\n\n\nCome Over When You\'re Sober/Exit Life, Enter Hell (Original Tracks)\n\n[On June 4th, Peep tweeted \'\'Come Over When You\'re Sober\'\' With This Picture, which has let many people to believe this was gonna be the cover for full length album consisting of the original versions and demos.](https://preview.redd.it/5tu3hkuhh9za1.jpg?width=2048&format=pjpg&auto=webp&v=enabled&s=060d397d3d62f67469d600d3f5f9622c5d914dd0)\n\nTracklist: \n\n3. Better Off (Dying) (Original/Demo) \n\n4. [U Said (Original/Demo)](https://soundcloud.com/user-583290466/lil-peep-poppin-pills-thinkin-about-u) \n\n5. [Leanin\' (Original/Demo)](https://soundcloud.com/user-672083680/lil-peep-leanin-unreleased) \n\n7. Awful Things (Original/Demo)\n\n9. [Problems (Original/Demo)](https://youtu.be/8CmBKCxQKac)\n\n10. [16/Sixteen Lines (Original/Demo)](https://youtu.be/f9DQ3OOV9pY)\n\n12. [White Girl (Original/Demo)](https://soundcloud.com/lilhellboygus/lil-peep-white-girl-og)\n\n[The Brightside (Original/Demo)](https://youtu.be/3N3yhZz6Er0)\n\n[Cry Alone (Original/Demo)](https://youtu.be/rE4dMVP1n24)\n\n[Save That Shit (Original/Demo)](https://youtu.be/HEro90Icr7s)\n\nIDGAF/My Laptop (Blood Leaking) (Original/Demo)\n\nJust In Case\n\nIn The Car/In The Car (Original Version)\n\n[Don\'t Panic (Produced. Smokeasac)](https://youtu.be/2EQ4mPIzUzs)\n\n[Sex With My Ex (Original/Demo)](https://youtu.be/GlomWNQvLOk)\n\n[Runaway (Original/Demo)](https://youtu.be/wgnI_fjgQc8) \\- Now Officially released!\n\nReal You\n\n[Benz Truck (Original/Demo)](https://youtu.be/3rkJ3L5Ce80)\n\n[Fingers (Original/Demo)](https://youtu.be/2ehQ4nsIhf0)\n\n\n\nProducer(s): Smokeasac, Dylan Cooper, Slight, IIVI, MONEYPOSSE & Fish Narc.\n\nDescription: (Some of it taken from Genius Page) - \n\nThe concept of the project was originally a two-part project, “Exit Life” and “Enter Hell”. However, this concept was later replaced by a full-length deluxe album Come Over When Your Sober. \nCome Over When Your Sober, intentionally misspelled, would feature over 20 tracks, all produced by Smokeasac and IIVI. However, the plans changed again, and Peep opted to return to a two-part project and went with Come Over When You’re Sober Pt. 1* and Pt. 2.\n\n The original version of the album got leaked pre-release on Peep’s Soundcloud before the release of Pt. 1, but got deleted immediately.\n\nScreenshots: \n\nhttps://preview.redd.it/k90fu916x9za1.jpg?width=993&format=pjpg&auto=webp&v=enabled&s=ba6d1488ae2a0f934c52a5a48cfa87e33e3a03d6\n\nhttps://preview.redd.it/wkyacb16x9za1.jpg?width=1440&format=pjpg&auto=webp&v=enabled&s=00fcf797f9a64c4ca45344f1b0d1bb3bbfc73d52\n\n\n\nNowadays, we peep fans know, that there are plans for the release of all the original/demo Come over when you\'re sober tracks, and now that the estate finally have all the control over peeps music, and with OG runaway being released, we know Liza is working hard to get them out. Smokeasac which is the \'\'main\'\' producer has also talked about the album a couple of times mentioning it would release sooner than later. [In this recent clip he mentions it will come out.](https://youtube.com/shorts/iMs8bwJN9DA?feature=share)\n\n\n\nDespite most of the album have leaked over time, there is still a good handful of songs that has never leaked or released. One of the most wanted peep songs ever \'\'Just in case\'\' is one of them. SinceWhen would do a [Instagram livestream](https://youtube.com/shorts/iMs8bwJN9DA?feature=share) were he would play a snippet of \'\'In The Car, Don\'t Panic (The Version Produced by Smokeasac), Just In Case & Looking For You.\n\n\n\n*Remaining Original/Demo Version:\n\nAwful Things Original/Demo):* There isn\'t a big difference between the released and Original/Demo Version other than a distored part slightly before Tracy\'s part. He reviewed on it, on a now deleted livestream and also played it at the \'\'day n night\'\' festival. [Snippet from the day n night festival](https://youtu.be/nrxrVxW2WOw)\n\n\n\nBetter Off (Dying) (Original/Demo): Recorded around febuary 2017, the original/demo of better off dying is one of the most wanted COWYS demos that we haven\'t heard in full quality. Peep played the full Original/Demo at nature world in LA, on febuary 25, 2017 at the GBC show.\n\n[Peep playing Better Off Dying (Original/Demo) Live](https://youtu.be/vFGWbtMMJtc)\n\nFun fact, he actually also played the Original/Demo Version of Save That Shit & Problems the same night. [Problems](https://youtu.be/vFGWbtMMJtc) [Save That Shit](https://youtu.be/ArFpbFYBgkc) \n\n\n\nThe Brightside/Club Life (Original/Demo): There a total of 2 demo versions for the brightside, [One that has already leaked](https://youtu.be/3N3yhZz6Er0) and another version with slight bit in mixing known as club life. Club Life has a music video similar to the one released for the official one, its just with difference clips. Wiggy actually uploaded the video on his channel before COWYS, Pt. 1 even released. Due to people having it downloaded, only half of the original song/video has leaked.\n\n[Half of the original Music Video/Song](https://youtu.be/dy_VkrPOJMc)\n\n[Snippet from a instagram livestream were he plays Club Life](https://youtu.be/m1sLWeoPNrU)\n\n\n\nMy Laptop (Blood Leaking)/IDGAF (Original/Demo): Barely anything is known about the original/demo version for IDGAF. We know the name \'\'My Laptop (Blood Leaking)\'\' Comes from when someone uploaded the snippet and it got taken down, and the user that uploaded it, shared a picture of the copyright details for the song and why it was taken down, and it had that name.\n\n[Snippet](https://www.youtube.com/shorts/LcWP19SHKfg)\n\n\n\nUnheard songs remaining from Come Over When You\'re Sober:\n\n\n\n*In The Car\n\n(From Genius Page) - “In The Car” was meant to be on the [Come Over When You\'re Sober, Pt. 2](https://genius.com/albums/Lil-peep/Come-over-when-you-re-sober-pt-2) before it was scrapped posthumously.\n\nThis version of the song has an open verse that is meant for [Lil Tracy](https://genius.com/artists/Lil-tracy), according to [SinceWhen](https://genius.com/artists/Sincewhen), one of Peep’s producers. Another difference in the new version compared to the original is the Post-Chorus, which was put before the chorus in the original track.\n\nBefore Tracy was supposed to be on it, it had no open verse and was finished. Tracy has recorded his part, and for now, it is considered the final version of the song. ([Snippet with Tracy\'s verse](https://www.youtube.com/shorts/kEAtGcr1S-w))\n\nThen there is also the version by Dylan Cooper that leaked in late 2020.\n\nAll the snippets of In The Car: [Snippet 1](https://youtube.com/shorts/iGVEjmtkm8Y?feature=share) , [Snippet 2](https://youtu.be/2xEwX4qysg4) , [Snippet 3](https://youtu.be/IHbF4ftJqyA) . There is more existing snippets of In The Car, however they are deleted from Youtube.\n\n\n\nJust In Case\n\nJust In Case is argueably one of the most wanted peep songs ever.\n\nThe song was recorded before COWYS, Pt. 1 was released and produced by Smokeasac and Dylan Cooper, other than that, there is barely any more info on the song.\n\n[Snippets](https://www.youtube.com/shorts/43caGYu_L2E)\n\n\n\nReal You\n\n(From Genius Page) - “Real You” is an unreleased song made during [Come Over When You’re Sober, pt.1](https://genius.com/albums/Lil-peep/Come-over-when-youre-sober-pt-1) studio sessions somewhere in 2017.\n\nAccording to [Dylan Cooper](https://genius.com/artists/Dylan-cooper), the producer of the song, the track has a similar vibe to another COWYS* song, “[Benz Truck (Гелик)](https://genius.com/Lil-peep-benz-truck-lyrics)”.\n\n\n\n[Dm with Dylan Cooper](https://preview.redd.it/cdkh7p8dr9za1.png?width=1000&format=png&auto=webp&v=enabled&s=fdb3a4f322f7717573633d99d31c7601c0643384)\n\n\n\nHopefully we get the full album one day!\n\n\n\n\n\n\n\n*Lil Peep X Ricky Hil EP\n\n[The only picture with Peep & Ricky together](https://preview.redd.it/lpii32vay9za1.png?width=865&format=png&auto=webp&v=enabled&s=fa16adbac9ec191b972a83bea372347f8244d3c8)\n\nTracklist:\n\n[Toys](https://soundcloud.com/crownvicfasst/ricky-hil-x-lil-peep-toys)\n\nLost In The Mail\n\n(Last One is Unknown)\n\n\n\nProducer(s): Greaf & Ricky Hil\n\nDescription: Around 20th of May 2017, Peep & Ricky would record a 3 song EP together. Other than that there is barely any info on the actual EP itself. If it ever releases no one knows if its gonna be a EP or as singles. [On a periscope live (At around 6 min) Ricky mentions the collab with peep](https://www.pscp.tv/RickyHil/1OyJANXMlyDxb)\n\nOn [This](https://www.reddit.com/r/LilPeep/comments/rua2aw/lil_peep_x_ricky_hil_ep/) Reddit post, Liza mentions in the comments that she doesn\'t have the material needed to release the EP/Singles. The post got made over 1 year ago, and things could have changed since then, but for now no one knows.\n\nThe only 2 songs we know of so far is [Toys](https://soundcloud.com/crownvicfasst/ricky-hil-x-lil-peep-toys) & Lost In The Mail. The 3rd one has no info on it. Toys fully leaked on May 3rd, 2020 and lost in the mail has only leaked in low quality. [Low Quality of Lost In The Mail](https://youtu.be/j9UOs8R64g8) \n\n[Instrumental for Lost In The Mail](https://soundcloud.com/user-860352229/one-for-the-road?in=user-860352229%2Fsets%2Fgreaf-singlesbootleg)\n\n[Sample For Lost In The Mail](https://www.youtube.com/watch?v=ISCThSrtYc8)\n\n\n\n\n\n\n\nPeep & iLoveMakonnen - Diamonds\n\n[This is not the official cover, but it was the one used for the songs when diamonds leaked in April of 2020.](https://preview.redd.it/it16bmjq0aza1.png?width=865&format=png&auto=webp&v=enabled&s=9d5669d71cfbd7873229d6be9617e68b03944877)\n\nTracklist (No specific order):\n\nBallin\n\nHypnotized\n\nI Sell Cocaine\n\nProve My Luv/Love\n\nRent\n\nThat Juice\n\nTwisted (feat. Milkavelli)\n\nI\'ve Been Waiting (Original Version)\n\nSmokin\'\n\nGuilty\n\nBye Bye Baby\n\nDon\'t Lose Focus\n\nIDGAF, Pt. 2\n\nNovember\n\nSidelines\n\nWait In Line\n\nCruise With You\n\nFavorite Drug\n\nDiamond (Piano Freestyle)\n\nFalling Down (Original, With Makonnen)\n\nNasty Names\n\nKiss Me\n\nReally Loving You\n\n\n\nProducer(s) \nBrenton Duvall, fish narc, IIVI, iLoveMakonnen, Mike WiLL Made-It, MONEYPOSSE, Smokeasac, Twice as Nice, Yung Cortex & Zubin\n\n\n\nDescription: Diamonds is the well known unreleased album which most of the full length album got leaked in high quality on april 22-23rd 2020 (Depends on timezone)\n\nThe album was recorded all the way from mid July to late august of 2017 in London. A few of the tracks were still getting worked on by producers and engineers the following months up till peeps passing\n\n(Taking from Genius) - While no final tracklist was ever officially released by Peep nor Makonnen, someone close to the duo privately posted the project to their SoundCloud in a playlist on November 27, 2017, twelve days after Peep passed. This playlist was publicly leaked years later, in April 2020. The tracklist and artwork used for that playlist are reflected on this page. \n\n\n\nThroughout the making of the album a bunch of snippets were surfacing around the internet aswell as a [Album Trailer](https://youtu.be/kA8zoW-X5T0) shot by ILIKEWHEREIMAT.\n\nAround 6 months after the leak Makonnen stated the [The album would never release](https://www.youtube.com/watch?v=jJMc0CUs6iQ), now he is saying the oppisite, and even that [A single from the album is dropping in june!](https://youtube.com/shorts/KqtmHwOKlzw?feature=share) aswell as its coming out soon. Liza has also stated multiple times in reddit comments it will come out!\n\n\n\n\n\n\n\nLil Peep X RiFF RAFF - CRANBERRY VAMPIRES\n\nCover: No official Cover\n\nTracklist: Unknown\n\nProducer(s): Diplo\n\nDescription: There is not much info on the cranberry vampires tape, other than the fact peep & Riff Raff only got to make one song which was produced by Diplo.\n\nhttps://preview.redd.it/m3r7lab94aza1.png?width=1000&format=png&auto=webp&v=enabled&s=b3cead4625c573cfe0651f9e48191a63103483fe\n\n\n\n\n\n\n\n# Singles:\n\nDownDownDown:\n\nDownDownDown was made sometime in 2014 while he was (Supposedly) Still making music under the name Trap Goose. \n\nIts produced by Smokeasac and was the first beat he ever sold to someone. In June 2020 Smokeasac posted a snippet of the song which would make it clear he still has the song.\n\nThere are 2 version of the Instrumental: [Version Number 1](https://traktrain.com/smokeasac?t=89511) [Version Number 2](https://traktrain.com/smokeasac?t=89546)\n\n[Snippet 1 shared by Smokeasac on June 2020](https://youtube.com/shorts/r1mjt0ysk0o?feature=share)\n\n[Snippet 2](https://reddit.com/link/13f7d5t/video/31wax1mhjaza1/player)\n\n\n\nFullmoonflex:\n\nFullmoonflex was made between 2014 and 2015, there is barely any info on it at all. All we have is one snippet, the instrumental aswell as some lyrics.\n\n[FullMoonFlex Snippet](https://youtu.be/HvSOb-9l6uM) [Official Instrumental](https://youtu.be/Z0km68pYzFs) [Lyrics](https://genius.com/Lil-peep-fullmoonflex-lyrics)\n\n\n\n\n\nCanopy:\n\n[Cover](https://preview.redd.it/4drqp58c8aza1.jpg?width=463&format=pjpg&auto=webp&v=enabled&s=e0262ea39bc94abc385c7351ca7cf0dcdd9100b9)\n\nThere is almost no info on Canopy other than it was something peep worked on around April 15th, 2015 which Liza found in his email. And its also produced by Smokeasac :)\n\n[Link To The Feelz Archive, Where You Can Read It](https://lilpeep.com/blogs/archive/feelz)\n\n\n\n\n\nHit:\n\nHit is a unreleased song from 2015 produced by Mike Xanax & John Mello. There was a person on telegram trying to sell some of peeps unreleased 2015 songs and he mentioned \'\'Hit\'\' as one of them. He was also the one that uploaded the first Koopa Troopa snippet we ever heard.\n\n[On This Vk.Com Link You can find the instrumental. Its called \'\'That Is All\'\'](https://vk.com/wall-47710694_4764)\n\n\n\n\n\nAS THE BRIDGES BURNS (feat. $uicideBoy$, OmenXIII & Craig Xen):\n\nAs The Bridges burns is a song peep payed $300 for to $uicideBoy$ for a feature which was confimed by Craig Xen in a tweet, however unfortunately the feature got \'\'taken off\'\' by either Craig Xen Or OmenXIII, which made the song only having $uicideBoy$, OmenXIII & Craig Xen on it. [In this post, a screenshot is posted from a $uicideBoy$ interview about the song](https://www.reddit.com/r/LilPeep/comments/w6by62/i_found_a_interview_with_uicideboy_explaining_why/) \n\n[As The Bridges Burn](https://youtu.be/a4MrlF0078Y)\n\nCurrently no one knows if peep ever recorded his verse. \n\n\n\n[Tweet By Craig Xen](https://preview.redd.it/mxkumh8paaza1.png?width=464&format=png&auto=webp&v=enabled&s=f2cf682a35e89e844e88e767cde2726720ac2e94)\n\n\n\n\n\nDismiss Em:\n\nDismiss Em is a song peep made in 2015, that was never released on his soundcloud. Nothing is really known about it expect that. A remaster of many snippets was published recently.\n\n[Dismiss Em, Remaster Of Snippets](https://youtu.be/wMjZ7cfWepI)\n\n\n\n\n\nNuthing To Lose (feat. OmenXIII):\n\n[Cover Art for Nuthing To Lose](https://preview.redd.it/kqgqfkfgcaza1.jpg?width=2304&format=pjpg&auto=webp&v=enabled&s=d04163caebbad3c6248c791584686fe59c0d106f)\n\nNuthing To Lose is most likely the last song we have from Peep X OmenXII. The Track was originally uploaded to soundcloud on the 30th Of May 2015. It was apparently deleted that same day, and no one got to download it before that. Omen have [Tweeted](https://twitter.com/omenxiii/status/1246629869712101377) he still has the song. \n\n[The announcment of the song made by OmenXIII on twitter](https://twitter.com/omenxiii/status/604487536983969792)\n\n\n\n\n\nEnd My Life (feat. Boy Froot):\n\nEnd My Life is one of the last songs between Peep & Froot. It was recorded in late 2015 and meant for their album [MALL MUSICC](https://soundcloud.com/boyfroot/sets/boy-froot-x-lil-peep-mall-musicc). \n\nAt first people though Boy Froots verse just wasn\'t recorded however he would later say in a instagram DM, he did record it, and that it would never come out. [End My Life, Snippet](https://youtu.be/8auqzphLgaA)\n\n[Boy Froot Stating it will never come out](https://preview.redd.it/b7xvu1dedaza1.png?width=278&format=png&auto=webp&v=enabled&s=10285b8647570d4b847dfec669876e934adc8ada)\n\n\n\n\n\nKoopa Troopa:\n\nKoopa Troopa is a song from 2015. There is barely any info on it, other than its produced by Mike Xanax & John Mello.\n\nIn total we have almost the full song according to many people. \n\n[All Snippets combined](https://youtu.be/uqHSXUNOJcY)\n\nJust like the song \'\'Hit\'\' The instrumental for koopa troopa can be found on the same [VK.Com link, with the name \'\'Gothic Mosque\'\'](https://vk.com/wall-47710694_4764)\n\n\n\n\n\nSick:\n\nSick is song from 2015. It got known alot after a snippet surfaced of peep using the n word in the song. \n\nThere is around 5 different snippets of the song. The Official vocals from the song was actually used in the stem edit \'\'Shine\'\' [Snippet 1](https://youtu.be/wR3t7l_YHOE) , [Snippet 2/Some of the Stems](https://youtube.com/shorts/dKtZUHDD_p8?feature=share) ,[The rest of the snippets combined](https://youtu.be/G1Hwzj71Lfc) [The Official Instrumental](https://youtu.be/0ZQ0uTehhlE)\n\n\n\n\n\nWristcrypanicattack:\n\nWristcrypanicattack is a unfinished song from late 2015 that contains an Open Verse, a Snippet of a remix of this track surfaced on 7th of August 2022.\n\nSo far this is the only snippet abailable of the remix which is done by SPILL. [Announcment tweet from SPILL](https://twitter.com/JAVAHNSPILL/status/675715441038258177) [Wristcrypanicattack Snippet](https://youtu.be/axesMgMtfdw)\n\n\n\n\n\nLil Peep & Supa SortaHuman:\n\nPeep and Supa Sortahuman made a song which got announced in a [Tweet](https://twitter.com/Supa_Sortahuman/status/676871016942018560) on December 15, 2015.\n\nFast forwarding to January 7th 2016 yet again [tweeted](https://twitter.com/Supa_Sortahuman/status/685224124285890560) about it saying it would come out soon, but unfortunately it never came.\n\nAt a later date, probably in 2021, someone dmed supa sortahuman about it, and he said the song got lost in a broken hardrive. [Supa Sortahuman mentioning its lost](https://imgur.com/a/U19qVeS)\n\n\n\n\n\nLil Peep & Jilla Junt:\n\nThere is close to 0 info on this song other than a annoucment on [twitter](https://twitter.com/JiLLA_JUNT1995/status/667805310854107137) by Jilla Junt and that its made in 2015.\n\n\n\n\n\nDrugs On Me:\n\nDrugs on Me (Glorified) Potentially produced by either FoxWedding or Nick Brobak is a song from 2016 which a snippet was shared by Lederrick. \n\nWhen a snippet got taken down from youtube, the person that uploaded that snippet shared the copyright details which confirmed the song name \'\'Glorified\'\'\n\n[Snippet](https://reddit.com/link/13f7d5t/video/jfmmxgi9jaza1/player)\n\n\n\nA person dmed FoxWedding on instagram asking about if its his beat, however FoxWedding is not sure. [Instagram Dm with FoxWedding](https://imgur.com/a/qvubxRT) , [Copyright Info](https://imgur.com/a/ohOXukb)\n\n\n\n\n\nLil Angel:\n\nLil Angel is the last unreleased song produced by Lederrick for peep. \n\nThe first appearnce of existince of the song came from a [Now deleted instagram post](https://imgur.com/a/UBhB9dk) when Lederrick posted a list of unreleased songs. People would spot the song \'\'Lil Angel\'\' By Peep.\n\nOn Febuary 8th, 2019 Lederrick would share a snippet of the song.\n\nLederrick has spoken out multiple times that he is trying to get the song out, and that he is waiting Liza to reply.\n\n[Lil Angel Snippet](https://youtu.be/0GLoTmtaW1k)\n\n\n\n\n\nOn The Highway:\n\nOn The highway was recorded and made during the schemaposse days.\n\nAccording to OmenXIII the track was never recorded, which he said in a twitter reply.\n\nLiza was also asked in a dm if she still had the song, and she said, \'\'yes\'\' that she \'\'believe so\'\' which could mean that she potentially has peeps part.\n\n[Snippet shared on Killstations twitter](https://twitter.com/_killstation/status/931392517689425920)\n\n\n\n\n\n[Twitter Reply](https://preview.redd.it/rh2sdou8naza1.png?width=471&format=png&auto=webp&v=enabled&s=6089fd4bc9ef931f099e4087099ab1ba4c894254)\n\n\n\n\n\nWomen:\n\nPractially no info on, other than the fact its recorded during the crybaby era.\n\n[Women Snippet](https://imgur.com/a/jjSRulm) \n\n\n\n\n\nTrapped In My Mind (feat. Lupo Prospero):\n\nThe song was recorded in febuary 2016 which is when Lupo tweeted [This](https://imgur.com/a/ReIajXx) saying it would be out in march 2016, however it never came out. \n\nLupo even recommend peep to shoot a music video, but that unfortunately never happened.\n\n\n\n\n\nUnheard With Chetta:\n\nChetta said in a [tweet](https://imgur.com/a/Y82uSGz) that he had a unfinshed track with which turns out to be from 2016. Other than that there is nothing really known.\n\n\n\n\n\nUnheard, Produced. Craig Xen:\n\nAgain barely any info to spare, just a song that got announced on June 8th 2016\n\n[Announcment](https://preview.redd.it/qhk1eyoopaza1.png?width=332&format=png&auto=webp&v=enabled&s=0bae2fb647d2a775e2860d0d4f6b57f9922af25b)\n\n\n\n\n\nUnheard With Warhol.SS:\n\nIn a interview with No Jumper Warhol.SS mentions a song with peep. However unfortunately it never came out. [Video](https://youtu.be/GiVFKw0iKjU?t=373)\n\n\n\n\n\nUnheard With Air:\n\nUnknown song by Air with Lil Peep and Yunggoth as features, produced by Smokeasac, made on 17th of September 2016. The video below shows all of them together on that day. (The song playing the in back is NOT the unheard song)\n\n[Peep, Goth, Air & Smoke Together](https://reddit.com/link/13f7d5t/video/7ehbih4gqaza1/player)\n\n\n\n\n\nUnheard With Smokeasac:\n\nSmokeasac made a [Tweet](https://twitter.com/smokeasac/status/811097406037032961) on December 20th 2016, saying he had a unreleased song with peep produced by him and Charlier Shuffler and that he would drop it, if he got 500 retweets. Unfortunately He never got the 500 retweets.\n\n\n\n\n\nLie:\n\nLie is a song produced by GREAF which was most likely recorded in march-april 2017 which is around the same time he recorded no respect which is also produced by Greaf.\n\nOn a instagram livestream on 25th of April 2017, Greaf shared the snippet on a instagram live. \n\n[Lie Snippet](https://youtu.be/kBg3sH685Ps)\n\n\n\n\n\nDeath Wish (feat. Germ):\n\nDeath Wish is the only song between the 2. The official instrumental is already used on another song called \'\'Any more questions\'\' - By Chetta.\n\nOn the comments on a [Instagram Post](https://imgur.com/a/Gz22ook), he says it will never release.\n\n[Death Wish Snippet](https://reddit.com/link/13f7d5t/video/5zh7btc4saza1/player)\n\n\n\n\n\nBuzzin\'/Daggers/Leave Me Alone (faat. Bexey):\n\nBuzzin\' or daggers or Leave Me Alone is almost if not the last unreleased song between peep & bexey. The low quality version leaked on December 8th, 2018. According to the label the song is called Leave Me Alone, despite the fact it was known is Buzzin before.\n\nThe Official instrumental is out for the song.\n\nBexey has said multiple times that the song would never release, but with the recent news, there is some hope.\n\n[Remaster](https://youtu.be/3vZPgZ7gW28) , [Official Instrumental, By Learic Spellman](https://youtu.be/Ac1lhTfDKvI)\n\n\n\n\n\nEverybody Hates Me:\n\nSnippet recorded in Paris. The snippet is from an unknown source, but other than the fact its recorded in 2017 and produced by Learic Spellman we don\'t know anything else about it.\n\n[Everybody Hates Me Snippet](https://reddit.com/link/13f7d5t/video/rv4jnv0ktaza1/player)\n\n\n\n\n\n\n\nReally Loving You:\n\nReally Loving You is most likely one of the last songs from the Diamonds sessions that didn\'t leak with the rest of the album in april 2020.\n\nDue that fact, people started wondering if the song was scrapped from the album, which we will only find out when it releases with the rest of the album.\n\nIn 2018, Makonnen actually played the full song on a [Instagram Livestream](https://youtu.be/TFbiIbwiSww)\n\n\n\n\n\nI Was There:\n\nConsidering it it was apart of the album trailer, its most likely recorded during the diamonds sessions. No one knows if its a solo song or not. [I Was There Snippet](https://imgur.com/a/E5bSGk7)\n\n\n\n\n\nRace Car:\n\nJaxxon revealed on an Instagram comment that he has one unreleased song and that it\'s even better than their previous collab track. In December 2020 he mentioned that the song was possibly coming soon after getting a wave of fans coming into his live and asking him to play it. Unfortunately until now we have no info at all about when the song is being released\n\nThe song contains a Peep verse that was re-used in "I Can\'t Feel My Face" by KirbLaGoop.\n\n[Race Car Snippet](https://imgur.com/a/h8W0Tnr)\n\n\n\n\n\nUnheard With KirbLaGoop & Milkavelli:\n\nThere exist a short 7 second audio of peep telling Milkavelli that he is going to the studio with Kirb that night and that he will send Milkavelli a Open.\n\nNo one fully knows if this was ever recorded or not, however i wouldn\'t expect it too be.\n\n\n\n\n\nUnheard With Celes Karter:\n\n[In This Clip](https://youtu.be/DJjr42oRNk8?t=329) from a No Jumper Vlog, Celes Karter Mentions he had a song he was dropping with peep, however it unfortunately never dropped. \n\n\n\n\n\nTxt Me (feat. Young Era):\n\nThe original version of \'\'Text Me\'\' which is actually CeonRPG\'s song featuring peep and most likely another feature.\n\n[Txt Me Snippets](https://imgur.com/a/N0ueB82)\n\n\n\n\n\nOld Me (Original):\n\nThis version is the original Old Me, that was recorded in 2015. Which later would be turned into the Old Me, for the high fashion EP\n\nMultiple snippets have leaked from this, however i wont share them, due to not wanting to give credit to hackers.\n\n[Official Instrumental](https://youtu.be/fYBfIx3XSxY)\n\n\n\n\n\nHonestly (Original/Demo):\n\nThe Original version of honestly which has sime different mixing and changes to the beat. \n\nThe song was meant for the original hellboy tracklist but got scrapped and released as a single later on.\n\n[Short Clip of peep playing the Original/Demo Live](https://imgur.com/a/WVqEnkV)\n\n\n\n\n\nZZZ (Original/Demo):\n\nThere are clips online from peep playing the song live on instagram, however i couldn\'t find them on youtube :/\n\n\n\n\n\nNot The One (Remix)\n\nRemix of Not The One With SinceWhen made in 2018, there is apparently also a video to it, however its not confirmed. [Not The One (Remix) Snippet](https://imgur.com/a/UxnMjhQ)\n\n\n\n\n\nBenz Truck Orchestra:\n\nA orchestra version made for benz truck in 2018, nothing else is really known about it. Smokeasac shared a snippet of it in 2018 on his instagram story.\n\n[Benz Truck Orchestra Version shared on Smokeasacs instagram story](https://imgur.com/a/jnTPmOy)\n\n\n\n\n\nLife Is Beautiful (Original/Demo):\n\nThe Original/Demo Version for Life is Beautiful, in other worder, just the first mix before it got changed. [Life Is Beautiful (Original/Demo) Snippet](https://imgur.com/a/HMPdAr4)\n\n\n\n\n\n16 Lines (feat. Juicy J):\n\nRemix of 16 Lines which was supposed to feature Juicy J, for the COWYS, Pt. 2 Label concept album, however it got changed. On December 2018, Juicy J revealed he made a feature verse on 16 Lines (COWYS 2 version). \n\n[16 Lines (feat. Juicy J) Snippet](https://youtu.be/616nlz2pKG0)\n\n\n\n\n\nCry Alone (feat. Post Malone/Open Verse)* \n\n\nThere is slight some changes comparing to the released version such as, the instrumental is altered and has a female japanese voice sample in the background.\n\n[The Official Link To The Song](https://dbree.org/v/042a5c)\n\n\n\n\n\n*My Turn (Final):\n\nThe Final Version of my turn which has still not been heard in full quality.\n\nYung Cortex who is the producer has said before it will never release.\n\n[The Final Version in low quality](https://youtu.be/BG-hGlYu-mY)\n\n\n\n\n\nHomecoming Remix:\n\nIn late 2022, Killstation on his social media shared us a snippet of a remix of homecoming. The original song features artists Peep, Ghostemane, Kold-Blooded, OmenXIII, Brennan Savage, JGRXXN and Killstation. The remix is probably only Peep From now, practically nothing is known about this alternative version.\n\n[Homecoming Remix Snippet](https://youtu.be/-xoBJ81q3e4)\n\n\n\n\n\nSongs with 0 Info to them:\n\nUnheard With Mackned\n\nUnheard With Cold Hart & Air\n\nUnheard With Nine Callisto.\n\n\n\n\n\n# Music Videos\n\nLatitude:\n\nLatitude is the oldest music video we know of when it comes to peep. (Other than Keep My Coo). It was recorded in febuary 2014 when peep was living with Brennan Savage in Pasadena, La.\n\nThe official song got leaked back on 25th of March 2021. \n\nIts unsure if Liza has the music video, but we do know Brennan Savage has it\n\n[Snippets of Latitude Music Video](https://imgur.com/a/VpED98a)\n\n\n\n\n\nBackstage Shawty (feat. Nedarb):\n\nAccording to a tweet Nedarb posted back on Febuary 15th 2016 he was recording a music video for his song \'\'Backstage Shawty, on his album \'\'Serenity\'\'\n\nBack in 2020 Nedarb posted on twitter mentioning there wasn\'t a music video and to stop asking him about it. \n\n[Tweets By Nedarb](https://imgur.com/a/yK7EzDK)\n\n\n\n\n\nWalk Away As The Door Slams (feat. Lil Tracy):\n\nYung Cortex confirmed that a Music Video was shot for this song and was stored on his laptop, however, the computer was stolen and they lost the Músic Video. He also mentioned that there was a unheard Peep song on that laptop, it is not sure what is the song, but was probably My Turn.\n\nYung Cortex Said like this in the interview: We made a song that has never been hear by the world ‘cause my computer got stolen that same night. That same night, I left my computer in a backpack on the side of the street and… And that video was up there. And we got an unreleased video for “walk away as the door slams” on that laptop. Someone stole that laptop.\n\n\n\n\n\nP.S. Fuck You Cunt (feat. Fat Nick):\n\nThe Music video was shot on November 4th, 2016 by* [xgianxcarlox](https://www.instagram.com/xgianxcarlox/#). \n\n[Snippet from the Music Video](https://youtu.be/Ww-ayngLYo0)\n\n\n\n\n\n*Liar:* \n\nThe music video for Liar was shot in Early 2017 by Sus Boy. Sus Boy made a post proving the existence of the music video. Fish Narc also commented on the situation in late 2020.\n\nA fan also met peep in the middle of recording.\n\n[Fan meeting them in the middle of recording + Sus Boy Post](https://imgur.com/a/hGbfbaX)\n\n[Fish Narc Tweet 1](https://twitter.com/fish_narc/status/1304247355395289089)\n\n[Fish Narc Tweet 2](https://twitter.com/fish_narc/status/1304247097797926913)\n\n\n\n\n\nCry Alone (Original/Demo)\n\nThe original Music Video for Cry Alone was teased by Peep\'s team on his social medias on October 2018, however they remixed the song when COWYS, Pt. 2 Officially came out. \n\n[Peeps Team teasing the video](https://twitter.com/Lilpeep/status/1052213200379371520?s=20)\n\n[Max Beck](https://twitter.com/MaxDotBam) (Photographer for the music video) said in a tweet he wanted to release the original video, however he didn\'t have the proper permission however he wants to release it if he can.\n\n[Cry Alone (Original/Demo) Snippets](https://imgur.com/a/PmCnOlx)\n\n\n\n\n\n*The Brightside/Club Life (Original/Demo):*\n\nThere a total of 2 demo versions for the brightside, [One that has already leaked](https://youtu.be/3N3yhZz6Er0) and another version with slight bit in mixing known as club life. Club Life has a music video similar to the one released for the official one, its just with difference clips. Wiggy actually uploaded the video on his channel before COWYS, Pt. 1 even released. Due to people having it downloaded, only half of the original song/video has leaked.\n\n[Half of the original Music Video/Song](https://youtu.be/dy_VkrPOJMc)\n\n[Snippet from a instagram livestream were he plays Club Life](https://youtu.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['A bright light illuminated the non-fungible tokens scene this week, but was it a near-death experience for NFTs or a beacon of hope? Like a moth to the flame, I\x92m drawn in to investigate. Maybe it\x92s liquidity freshly in traders\x92 hands from Blur\x92s new Blend lending protocol, or perhaps those sweet $PEPE and $TURBO gains are finally trickling back to NFTs, but NFTs just had their best single day of sales since mid-March. It\x92s actually pretty simple to see what happened. The weather in NFTs has been perfect, with good news from established projects, hot tech, a bit of money in traders\x92 pockets from trading meme coins, and a well-timed tweet from none other than the current (and soon-to-be former) chief executive officer of Twitter, Elon Musk. pic.twitter.com/4s6HwnCY74 \x97 Elon Musk (@elonmusk) May 10, 2023 Nobody knew that Musk was preparing a rocket launch this week, but that\x92s exactly what happened when he tweeted a meme from the Milady\xa0Maker\x92s NFT community that has now been viewed over 32 million times. Sales of Milady NFTs exploded and carried the rest of the market with them to a height of US$217 million in sales volume this week. Milady NFT CryptoSlam chart Binance integrated Bitcoin NFTs into their marketplace, giving Ordinals a new way to reach the masses without needing to be a technical wizard to trade them. NFTs on the OG blockchain were red hot, with a new flavor of Ordinal called BRC-20s picking up momentum. BRC-20s are Bitcoin\x92s version of Ethereum\x92s meme coins, but at their core, they\x92re also like an NFT collection. We\x92ll give a technical breakdown of these new Bitcoin Ordinals in a future edition of On Deck. The Bitcoin ecosystem seems to be in \x93up only\x94 mode right now, and when that will end, nobody knows. Ribbit. Bitcoin-Ordinals CryptoSlam chart The Pudgy Penguins project had two announcements this week that added to their feel-good story. First, they announced a new partnership with WME talent agency that brings them closer to movies, games, and other mainstream entertainment. Then the adorable crew followed that up with an announcement that they had raised US$9 million in seed funding. Not bad for a project that was circling the drain before being purchased by the marketing master Luca Schnetzler (Gel Blaster, Vibe Body Care, Cookies n Kicks). Story continues The Pudgy Penguins\x92 NFT sales probably didn\x92t have much of an impact on the market, but the positive news coming in the thick of a bear market was a welcomed bright spot that just for a moment reminded us all that there is real growth happening here. Pudgy Penguins CryptoSlam chart Here\x92s where things get interesting, and if you are a regular reader of On Deck, you already know this re-occurring topic. The Forkast 500 NFT Index reflects the NFT market losing over 8% this week. Yes, high gas fees are largely to blame, but we can\x92t minimize the effect that the NFT casino continues to play. Traders are still trading the way we\x92ve come to expect, as out with the old and in with the new has become the degen\x92s creed. Established projects have continued to lose value and volume, as traders favor the newest drops and the hottest trends.', 'A bright light illuminated the non-fungible tokens scene this week, but was it a near-death experience for NFTs or a beacon of hope?\nLike a moth to the flame, I’m drawn in to investigate.\nMaybe it’s liquidity freshly in traders’ hands from Blur’s new Blend lending protocol, or perhaps those sweet $PEPE and $TURBO gains are finally trickling back to NFTs, but NFTs just had their best single day of sales since mid-March.\nIt’s actually pretty simple to see what happened. The weather in NFTs has been perfect, with good news from established projects, hot tech, a bit of money in traders’ pockets from trading meme coins, and a well-timed tweet from none other than the current (and soon-to-be former) chief executive officer of Twitter, Elon Musk.\nNobody knew that Musk was preparing a rocket launch this week, but that’s exactly what happened when he tweeted a meme from theMilady\xa0Maker’sNFT community that has now been viewed over 32 million times. Sales of Milady NFTs exploded and carried the rest of the market with them to a height of US$217 million in sales volume this week.\nBinance integrated Bitcoin NFTs into their marketplace, giving Ordinals a new way to reach the masses without needing to be a technical wizard to trade them. NFTs on the OG blockchain were red hot, with a new flavor of Ordinal called BRC-20s picking up momentum. BRC-20s are Bitcoin’s version of Ethereum’s meme coins, but at their core, they’re also like an NFT collection. We’ll give a technical breakdown of these new Bitcoin Ordinals in a future edition of On Deck.\nThe Bitcoin ecosystem seems to be in “up only” mode right now, and when that will end, nobody knows. Ribbit.\nThe Pudgy Penguins project had two announcements this week that added to their feel-good story. First, they announced a new partnership with WME talent agency that brings them closer to movies, games, and other mainstream entertainment. Then the adorable crew followed that up with an announcement that they had raised US$9 million in seed funding. Not bad for a project that was circling the drain before being purchased by the marketing master Luca Schnetzler (Gel Blaster, Vibe Body Care, Cookies n Kicks).\nThe Pudgy Penguins’ NFT sales probably didn’t have much of an impact on the market, but the positive news coming in the thick of a bear market was a welcomed bright spot that just for a moment reminded us all that there is real growth happening here.\nHere’s where things get interesting, and if you are a regular reader of On Deck, you already know this re-occurring topic. TheForkast 500 NFT Indexreflects the NFT market losing over 8% this week.\nYes, high gas fees are largely to blame, but we can’t minimize the effect that the NFT casino continues to play. Traders are still trading the way we’ve come to expect, as out with the old and in with the new has become the degen’s creed. Established projects have continued to lose value and volume, as traders favor the newest drops and the hottest trends.', '• US stocks slid on Friday as traders assessed the outlook on the debt ceiling crisis and recession odds.\n• All three indexes ended lower, with the S&P 500 notching its second straight losing week.\n• Meanwhile, Fed Governor Michelle Bowman floated another possible rate hike as inflation is still high.\nUS stocks slid Friday as investors assessed the outlook on the US debt ceiling crisis. All three major indexes ended the day lower, with the S&P 500 notching its second straight losing week.\nPresident Joe Biden was scheduled to meet with other lawmakers on Friday to discuss a possible solution to the debt ceiling crisis, though talks have been postponed until next week. Congress now has just a few weeks to raise the national debt limit before the government could potentially run out of money, perTreasury Secretary Janet Yellen\'s estimate.\nFederal Reserve Governor Michelle Bowman also floated the possibility that the Fed may issue another interest rate hike to tackle high inflation, raising further fears that tighter Fed policy could spark a recession.\nThe University of Michigan consumer sentiment survey dipped to 57.7 in May, its lowest level in six months. Meanwhile, inflation expectations over the next five years rose to 3.2%, the highest level the survey recorded since 2008.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,124.12, down 0.16%\n• Dow Jones Industrial Average:33,300.62, down 0.03% (8.89 points)\n• Nasdaq Composite:12,284.74, down 0.35%\nHere\'s what else is going on:\n• The debt ceiling crisis is "pathetic"since government revenue is near a record high, according to top economist David Rosenberg.\n• Gold jumped ahead of stocksas Americans\' preferred long-term investment.\n• Mega-cap stocks face a bigger sell-offas a recession looms, JPMorgan warned.\n• Dollar dominance is stronger because of sanctions, not weaker, a former US Treasury official said.\n• Big banks could cover 95% of the cost to refill the $16 billion holeblown in the FDIC\'s deposit insurance fund.\n• A recession and a credit crunch could result in $1 trillionof corporate debt defaults, Bank of America warned.\n• Elon Musk stepping down as Twitter CEOmay only be partly positive for Tesla investors, Gene Munster said.\n• Margin debt used to buy stocks has plungedby $329 billion as investors de-risk their exposure to the stock market.\nIn commodities, bonds, and crypto:\n• Oil prices fell.West Texas Intermediatewas down 1% to $70.14 a barrel.Brent crude, the international benchmark, dropped 1% to $74.24 a barrel\n• Goldlost 0.16% to trade at $2,017.10 per ounce\n• The10-year Treasury yieldrose six basis points 3.46%\n• Bitcoinslipped 1.34% to $26,481\nRead the original article onBusiness Insider', 'Brendan McDermid/Reuters US stocks slid on Friday as traders assessed the outlook on the debt ceiling crisis and recession odds. All three indexes ended lower, with the S&P 500 notching its second straight losing week. Meanwhile, Fed Governor Michelle Bowman floated another possible rate hike as inflation is still high. US stocks slid Friday as investors assessed the outlook on the US debt ceiling crisis. All three major indexes ended the day lower, with the S&P 500 notching its second straight losing week. President Joe Biden was scheduled to meet with other lawmakers on Friday to discuss a possible solution to the debt ceiling crisis, though talks have been postponed until next week. Congress now has just a few weeks to raise the national debt limit before the government could potentially run out of money, per Treasury Secretary Janet Yellen\'s estimate . Federal Reserve Governor Michelle Bowman also floated the possibility that the Fed may issue another interest rate hike to tackle high inflation, raising further fears that tighter Fed policy could spark a recession. The University of Michigan consumer sentiment survey dipped to 57.7 in May, its lowest level in six months. Meanwhile, inflation expectations over the next five years rose to 3.2%, the highest level the survey recorded since 2008. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,124.12, down 0.16% Dow Jones Industrial Average : 33,300.62, down 0.03% (8.89 points) Nasdaq Composite : 12,284.74, down 0.35% Here\'s what else is going on: The debt ceiling crisis is "pathetic" since government revenue is near a record high, according to top economist David Rosenberg. Gold jumped ahead of stocks as Americans\' preferred long-term investment. Mega-cap stocks face a bigger sell-off as a recession looms, JPMorgan warned. Dollar dominance is stronger because of sanctions , not weaker, a former US Treasury official said. Big banks could cover 95% of the cost to refill the $16 billion hole blown in the FDIC\'s deposit insurance fund. A recession and a credit crunch could result in $1 trillion of corporate debt defaults, Bank of America warned. Elon Musk stepping down as Twitter CEO may only be partly positive for Tesla investors, Gene Munster said. Margin debt used to buy stocks has plunged by $329 billion as investors de-risk their exposure to the stock market. Story continues In commodities, bonds, and crypto: Oil prices fell. West Texas Intermediate was down 1% to $70.14 a barrel. Brent crude , the international benchmark, dropped 1% to $74.24 a barrel Gold lost 0.16% to trade at $2,017.10 per ounce The 10-year Treasury yield rose six basis points 3.46% Bitcoin slipped 1.34% to $26,481 Read the original article on Business Insider', "Welcome to This Week in the Metaverse, whereFortunerounds up the most interesting news in the world of NFTs, culture, and the metaverse. [email protected] tips.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAre you curious what the metaverse smells like? Chinese researchers may have the answer, according to a new paper in the journalNature Communications. The researchers tested a wearable device that attaches to a person's upper lip and can heat scented wax in seconds to generate smells for people in virtual reality, as reported byThe Daily Beast.\nThey already have 30 different scents, including pineapple, rosemary, mint, watermelon, vanilla, coffee, ginger, strawberry, and lavender.\nIn a video example, researchers used the device to simulate smelling flowers.\nhttps://www.youtube.com/watch?v=uUDaMi6GtMI\nIt's unclear what practical uses the technology might have—especially since adoption of the technology has slowed and the de facto leader in the space, Meta, has shifted priorities—but the research brings new meaning to immersion in a VR-based metaverse world.\nDespite the slowdown in NFT sales last year and the collapse of FTX, the NFT market has continued growing, according todata from DappRadar.\nThe number of daily unique active wallets that interacted on-chain with dapps has increased by 50% since 2021, and the average in 2022 was 2.37 million daily unique active wallets. NFT marketplaces and dapps have kept up too, growing by 18% over the past 12 months.\nElon Musktweeted a meme that featured the NFT projectMiladyand it quicklyskyrocketed as much as 60%. The NFT project is controversial because of statements made by its founders. Musk has previously caused the memecoinDogecointo spike in value with his tweets.\nTurbo, the memecoin created by digital artistRhett Mankindalmost entirely with A.I. chatbot GPT-4, jumped into the top 300 cryptocurrencies onCoinGeckoon Wednesday before retreating. The cryptocurrency was the 414th biggest as of Friday, with a market cap of $50 million. Mankind still owns 10% of the 69 billion tokens.\nBinancesaid it would add support forOrdinals, or Bitcoin NFTs, this week as the new tech has pushed transactions on the network to all-time-highs.Binancealso said it would let its users buy the Bitcoin NFTs directly from their Binance accounts. The changes are supposed to go into effectby the end of May, the company said.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", "Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home Are you curious what the metaverse smells like? Chinese researchers may have the answer, according to a new paper in the journal Nature Communications . The researchers tested a wearable device that attaches to a person's upper lip and can heat scented wax in seconds to generate smells for people in virtual reality, as reported by The Daily Beast . They already have 30 different scents, including pineapple, rosemary, mint, watermelon, vanilla, coffee, ginger, strawberry, and lavender. In a video example, researchers used the device to simulate smelling flowers. https://www.youtube.com/watch?v=uUDaMi6GtMI It's unclear what practical uses the technology might have—especially since adoption of the technology has slowed and the de facto leader in the space, Meta, has shifted priorities—but the research brings new meaning to immersion in a VR-based metaverse world. Spotlight on NFTs Despite the slowdown in NFT sales last year and the collapse of FTX, the NFT market has continued growing, according to data from DappRadar . The number of daily unique active wallets that interacted on-chain with dapps has increased by 50% since 2021, and the average in 2022 was 2.37 million daily unique active wallets. NFT marketplaces and dapps have kept up too, growing by 18% over the past 12 months. In other news Elon Musk tweeted a meme that featured the NFT project Milady and it quickly skyrocketed as much as 60% . The NFT project is controversial because of statements made by its founders. Musk has previously caused the memecoin Dogecoin to spike in value with his tweets. Story continues pic.twitter.com/4s6HwnCY74 — Elon Musk (@elonmusk) May 10, 2023 Turbo , the memecoin created by digital artist Rhett Mankind almost entirely with A.I. chatbot GPT-4 , jumped into the top 300 cryptocurrencies on CoinGecko on Wednesday before retreating. The cryptocurrency was the 414th biggest as of Friday, with a market cap of $50 million. Mankind still owns 10% of the 69 billion tokens. Courtesy of Rhett Mankind Binance said it would add support for Ordinals , or Bitcoin NFTs, this week as the new tech has pushed transactions on the network to all-time-highs. Binance also said it would let its users buy the Bitcoin NFTs directly from their Binance accounts. The changes are supposed to go into effect by the end of May, the company said . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", "An A.I.-generated song featuring a “collaboration” between Drake and The Weeknd turned up on streaming services and TikTok last month, quickly racking up millions of listens. In response, Universal Music Group, which represents the musicians, issued an agitated statement, and then, as the song turned up on other platforms, embarked on a legal whack-a-mole campaign in a bid to put the A.I. cat back in a bag.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAll of this came even as the legal status of the song remains unclear. Some music business veterans argue the song was functionally no different than a remix, while others decried it as a dangerous new paradigm. Rarely does a video made by a random handle create such uproar.\nThen there's Grimes, who may not be as famous as fellow Canadian Drake, but is a critically acclaimed musician in her own right. Grimes, who is not affiliated with any record label, announced she will use that relative freedom toperform a radical experimentcalled “Elf.Tech.” Using A.I., Elf.Tech allows users to generate a Grimes-style work with their own inputs. In return, all Grimes asks is for tasteful use of their now-open-source talent and a 50% cut on any master recording royalties.\nBecause the cost of producing high-quality music has dropped precipitously with advancements in A.I., the race to design a new distribution model is afoot. Currently, platforms must obtain permissions from both publishers and labels to play a song—in most instances, the label owns the sound recording while the publisher controls the underlying music and lyrics. In Grimes’s case, she could be the performer and also own the sound recording.\nTellingly, the first prompt on Elf.Tech asks users to connect to an email account or a cryptocurrency wallet. Presumably, the platform anticipates using blockchain and crypto to help enforce the suggested royalty split.\nUnfortunately, as veterans of the NFT space know, while smart contractshave the potentialto create a more efficient royalties system, the reality is that the process remains messy since NFT marketplaces circumvent the rules. Nonetheless, many maintain hope a cultural or technical innovation—likely tied to crypto—will emerge to help artists enjoy a fairer compensation system.\nThough technology doesn’t exist to enforce it yet, my long-term bet is that Grimes’s approach will prevail over Universal’s. The reason is that the challenges of generative A.I. have striking parallels to those of another disruptive technology: open-source software.\nAll software began as “open source.” Software vendors would provide their clients with their source code, the human-readable version of the software that's then transformed into machine code before it's executed. Tinkerers and computer scientists would modify software, learn from it, and share ideas. As the field commercialized, source code became closely protected, like a trade secret. While companies made handsome profits exerting copyright over their code, allowing for additional investments, the downside was a less cooperative environment.\nThe open-source movement, a reaction to ever-tighter controls over software, promoted the release of source code under permissive licenses to foster the tinkering, sharing of ideas, and collaboration seen in the field's early days. Today, open-source projects range from small hobbyist efforts to large-scale projects such as the Linux kernel, which is deployed in billions of devices around the world.\nIn similar fashion, traditional music publishers and labels thrived in a world where counterparties and IP were tightly controlled. Their moat was legal agreements that could hamstring pirates and, in some unfortunate cases, the artists themselves. As experimentation from pseudonymous creators—including those who deploy A.I.—shifts the balance of power from this model, artists will have to find new ways to engage with the increasing commoditization of their work.\nBitcoin, the first successful cryptocurrency, succeeded in large part because it was open-sourced. Alternatives to centralized institutions that issue credit require a radically transparent, queryable code base to stand apart. Early enthusiasts trusted the outcome of the Bitcoin ledger because they trusted the process, and because they could check it themselves. Today’s music pioneers would be smart to take note.\nThe next few years will see more explicit separation of designing versus controlling music production. To that end, Grimes’s experiment is a worthy exercise pushing the limits of a multibillion-dollar business and our burgeoning world of open-sourced talent.\nKathleen Breitmanis a cofounder ofTezos. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", "An A.I.-generated song featuring a \x93collaboration\x94 between Drake and The Weeknd turned up on streaming services and TikTok last month, quickly racking up millions of listens. In response, Universal Music Group, which represents the musicians, issued an agitated statement, and then, as the song turned up on other platforms, embarked on a legal whack-a-mole campaign in a bid to put the A.I. cat back in a bag. More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home All of this came even as the legal status of the song remains unclear. Some music business veterans argue the song was functionally no different than a remix, while others decried it as a dangerous new paradigm. Rarely does a video made by a random handle create such uproar. Then there's Grimes, who may not be as famous as fellow Canadian Drake, but is a critically acclaimed musician in her own right. Grimes, who is not affiliated with any record label, announced she will use that relative freedom to perform a radical experiment called \x93Elf.Tech.\x94 Using A.I., Elf.Tech allows users to generate a Grimes-style work with their own inputs. In return, all Grimes asks is for tasteful use of their now-open-source talent and a 50% cut on any master recording royalties. Because the cost of producing high-quality music has dropped precipitously with advancements in A.I., the race to design a new distribution model is afoot. Currently, platforms must obtain permissions from both publishers and labels to play a song\x97in most instances, the label owns the sound recording while the publisher controls the underlying music and lyrics. In Grimes\x92s case, she could be the performer and also own the sound recording. Tellingly, the first prompt on Elf.Tech asks users to connect to an email account or a cryptocurrency wallet. Presumably, the platform anticipates using blockchain and crypto to help enforce the suggested royalty split. Story continues Unfortunately, as veterans of the NFT space know, while smart contracts have the potential to create a more efficient royalties system, the reality is that the process remains messy since NFT marketplaces circumvent the rules. Nonetheless, many maintain hope a cultural or technical innovation\x97likely tied to crypto\x97will emerge to help artists enjoy a fairer compensation system. Though technology doesn\x92t exist to enforce it yet, my long-term bet is that Grimes\x92s approach will prevail over Universal\x92s. The reason is that the challenges of generative A.I. have striking parallels to those of another disruptive technology: open-source software. All software began as \x93open source.\x94 Software vendors would provide their clients with their source code, the human-readable version of the software that's then transformed into machine code before it's executed. Tinkerers and computer scientists would modify software, learn from it, and share ideas. As the field commercialized, source code became closely protected, like a trade secret. While companies made handsome profits exerting copyright over their code, allowing for additional investments, the downside was a less cooperative environment. The open-source movement, a reaction to ever-tighter controls over software, promoted the release of source code under permissive licenses to foster the tinkering, sharing of ideas, and collaboration seen in the field's early days. Today, open-source projects range from small hobbyist efforts to large-scale projects such as the Linux kernel, which is deployed in billions of devices around the world. In similar fashion, traditional music publishers and labels thrived in a world where counterparties and IP were tightly controlled. Their moat was legal agreements that could hamstring pirates and, in some unfortunate cases, the artists themselves. As experimentation from pseudonymous creators\x97 including those who deploy A.I. \x97shifts the balance of power from this model, artists will have to find new ways to engage with the increasing commoditization of their work. Bitcoin, the first successful cryptocurrency, succeeded in large part because it was open-sourced. Alternatives to centralized institutions that issue credit require a radically transparent, queryable code base to stand apart. Early enthusiasts trusted the outcome of the Bitcoin ledger because they trusted the process, and because they could check it themselves. Today\x92s music pioneers would be smart to take note. The next few years will see more explicit separation of designing versus controlling music production. To that end, Grimes\x92s experiment is a worthy exercise pushing the limits of a multibillion-dollar business and our burgeoning world of open-sourced talent. Kathleen Breitman is a cofounder of Tezos . The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", "An A.I.-generated song featuring a “collaboration” between Drake and The Weeknd turned up on streaming services and TikTok last month, quickly racking up millions of listens. In response, Universal Music Group, which represents the musicians, issued an agitated statement, and then, as the song turned up on other platforms, embarked on a legal whack-a-mole campaign in a bid to put the A.I. cat back in a bag.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAll of this came even as the legal status of the song remains unclear. Some music business veterans argue the song was functionally no different than a remix, while others decried it as a dangerous new paradigm. Rarely does a video made by a random handle create such uproar.\nThen there's Grimes, who may not be as famous as fellow Canadian Drake, but is a critically acclaimed musician in her own right. Grimes, who is not affiliated with any record label, announced she will use that relative freedom toperform a radical experimentcalled “Elf.Tech.” Using A.I., Elf.Tech allows users to generate a Grimes-style work with their own inputs. In return, all Grimes asks is for tasteful use of their now-open-source talent and a 50% cut on any master recording royalties.\nBecause the cost of producing high-quality music has dropped precipitously with advancements in A.I., the race to design a new distribution model is afoot. Currently, platforms must obtain permissions from both publishers and labels to play a song—in most instances, the label owns the sound recording while the publisher controls the underlying music and lyrics. In Grimes’s case, she could be the performer and also own the sound recording.\nTellingly, the first prompt on Elf.Tech asks users to connect to an email account or a cryptocurrency wallet. Presumably, the platform anticipates using blockchain and crypto to help enforce the suggested royalty split.\nUnfortunately, as veterans of the NFT space know, while smart contractshave the potentialto create a more efficient royalties system, the reality is that the process remains messy since NFT marketplaces circumvent the rules. Nonetheless, many maintain hope a cultural or technical innovation—likely tied to crypto—will emerge to help artists enjoy a fairer compensation system.\nThough technology doesn’t exist to enforce it yet, my long-term bet is that Grimes’s approach will prevail over Universal’s. The reason is that the challenges of generative A.I. have striking parallels to those of another disruptive technology: open-source software.\nAll software began as “open source.” Software vendors would provide their clients with their source code, the human-readable version of the software that's then transformed into machine code before it's executed. Tinkerers and computer scientists would modify software, learn from it, and share ideas. As the field commercialized, source code became closely protected, like a trade secret. While companies made handsome profits exerting copyright over their code, allowing for additional investments, the downside was a less cooperative environment.\nThe open-source movement, a reaction to ever-tighter controls over software, promoted the release of source code under permissive licenses to foster the tinkering, sharing of ideas, and collaboration seen in the field's early days. Today, open-source projects range from small hobbyist efforts to large-scale projects such as the Linux kernel, which is deployed in billions of devices around the world.\nIn similar fashion, traditional music publishers and labels thrived in a world where counterparties and IP were tightly controlled. Their moat was legal agreements that could hamstring pirates and, in some unfortunate cases, the artists themselves. As experimentation from pseudonymous creators—including those who deploy A.I.—shifts the balance of power from this model, artists will have to find new ways to engage with the increasing commoditization of their work.\nBitcoin, the first successful cryptocurrency, succeeded in large part because it was open-sourced. Alternatives to centralized institutions that issue credit require a radically transparent, queryable code base to stand apart. Early enthusiasts trusted the outcome of the Bitcoin ledger because they trusted the process, and because they could check it themselves. Today’s music pioneers would be smart to take note.\nThe next few years will see more explicit separation of designing versus controlling music production. To that end, Grimes’s experiment is a worthy exercise pushing the limits of a multibillion-dollar business and our burgeoning world of open-sourced talent.\nKathleen Breitmanis a cofounder ofTezos. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", 'Last week saw the Bitcoin network under fire—both computationally and ideologically. Stemming from the new Ordinals and BRC-20 token standard, the network has seen inordinate amounts of congestion, with sky high fees and hundreds of thousands of unconfirmed transactions. At one point, people were even claiming there was an “ attack on Bitcoin .” It reignited a fierce debate among Bitcoiners —one that goes back years. To really understand what the current controversy is all about, we\'ll need to revisit the history of the "block size wars." Block size wars By 2017, Bitcoin miners, developers, and users had been arguing for years about whether to increase the protocol’s block size. The block size is the amount of transaction data individual blocks on the network can hold. The short of it is that “large blockers” want to keep fees low by increasing blockspace and allowing for more transactions per second. “Small blockers” argue that it’s essential to keep the system resistant from state actors or private interests by making it cheap to validate transactions. These developers acknowledged and actually accepted high fees in times of congestion as a necessary tradeoff for maintaining decentralization. The disagreement led to what is called a hard fork —and two new cryptocurrencies were born: Bitcoin Cash (BCH) and, later, Bitcoin Satoshi’s Vision (BSV). \'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher But fast forward to 2023, and it feels like a similar conflict is rearing its head once again: What exactly should Bitcoin be used for? Were such a thing to happen again, would it be a success? “That approach [a hard fork] was tried back in 2017, and I think the outcome is fairly clear at this point,” Craig Raw, developer of the Bitcoin Sparrow Wallet, told Decrypt . Today, both BCH and BSV have a much smaller market cap than the original BTC and have been largely dismissed by many in the Bitcoin and larger crypto communities. Story continues Enter: Taproot and Ordinals From hardcore maxis, to core maintainers and your classic Twitter troll, everybody seems to have a say, especially now the network is “suffering” from high fees and extreme congestion. At the time of writing, there are approximately 327,900 unconfirmed transactions, with a low priority fee of roughly 140 sat/vB, around $5.16. That’s double what low priority fees were before they spiked this week. Transactions of 18 sat/vB, or $0.66, or less were getting purged, or ignored, by miners because they were too small to be worth processing. The transaction backlog has seen a huge decrease from the past couple of days, when there were more than 400,000 unconfirmed transactions and high priority fees hit 654 sat/vB, or $26 dollars, according to mempool.space . Bitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017 At the center of this controversy is Taproot, Bitcoin’s latest update which allows for arbitrary non-financial data to be included in the blockchain. And from Taproot come Ordinals—the hottest crypto craze right now or a scourge on Satoshi’s vision, depending on who you ask. Consider them like NFTs, images, videos and even computer games that can be securely stored on the Bitcoin blockchain. Some people love them, while others see them as nothing more as a waste of time and pointless network congestion: for users to mint such tokens on the Bitcoin blockchain, they are required to burn transaction fees in order to create these tokens. This in turn clogs up the network. Polarized Bitcoiners Acclaimed “Bitcoin Maxi” and MicroStrategy co-founder Michael Saylor is one high-profile voice who has said that the Ordinals craze is just another “catalyst for Bitcoin adoption.” “Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” he said. To be clear, Ordinals have always been controversial. They sparked controversy when they launched in January . Marginalized peoples in developing countries will have to pay more to run their Bitcoin nodes and send transactions because privileged wealthy whites want to put JPEG drawings on the blockchain as status symbols. Just because you can doesn’t mean you should. — Bitcoin is Saving (@BitcoinIsSaving) January 29, 2023 But now they’re picking up velocity as Binance, the world’s largest cryptocurrency exchange, adds support for them in its NFT marketplace. At one point this week, Bitcoin core developer Luke Dashjr emailed other Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens. It wasn’t received well by all corners of the Bitcoin community. One notable reply came from Washington Sanchez, the NFT product lead at crypto exchange Kraken, who called Dashjr\'s attempts to block the development a " 1 man jihad against Ordinals ." Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption But not everyone has immersed themselves in the debate. Christoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, told Decrypt that the debate over Ordinals has become a “distraction.” “Bitcoin is about hard money and a new global financial system,” he said. “What are a few pixelated images and JSON blobs in comparison? Some people will test this mechanism to see if they can extract profit from it, just like it happens with every facet of Bitcoin and crypto.” He added that if Bitcoin couldn’t deal with such a “goofy situation,” it wouldn’t be “hard money.” And Ono quickly dismissed the idea that Ordinals could lead to another BCH-like split: “I don’t know of anyone seriously considering a hard fork.”', 'Last week saw the Bitcoin network under fire—both computationally and ideologically. Stemming from the newOrdinalsand BRC-20 token standard, the network has seen inordinate amounts of congestion, with sky high fees and hundreds of thousands of unconfirmed transactions.\nAt one point, people were even claiming there was an “attack on Bitcoin.”\nIt reignited a fierce debate among Bitcoiners—one that goes back years. To really understand what the current controversy is all about, we\'ll need to revisit the history of the "block size wars."\nBy 2017, Bitcoin miners, developers, and users had been arguing for years about whether to increase the protocol’s block size. The block size is the amount of transaction data individual blocks on the network can hold.\nThe short of it is that “large blockers” want to keep fees low by increasing blockspace and allowing for more transactions per second.\n“Small blockers” argue that it’s essential to keep the system resistant from state actors or private interests by making it cheap to validate transactions. These developers acknowledged and actually accepted high fees in times of congestion as a necessary tradeoff for maintaining decentralization.\nThe disagreement led to what is called ahard fork—and two new cryptocurrencies were born:Bitcoin Cash(BCH) and, later,Bitcoin Satoshi’s Vision(BSV).\n\'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher\nBut fast forward to 2023, and it feels like a similar conflict is rearing its head once again: What exactly should Bitcoin be used for? Were such a thing to happen again, would it be a success? “That approach [a hard fork] was tried back in 2017, and I think the outcome is fairly clear at this point,” Craig Raw, developer of the Bitcoin Sparrow Wallet, toldDecrypt.\nToday, both BCH and BSV have a much smaller market cap than the original BTC and have been largely dismissed by many in the Bitcoin and larger crypto communities.\nFrom hardcore maxis, to core maintainers and your classic Twitter troll, everybody seems to have a say, especially now the network is “suffering” from high fees and extreme congestion.\nAt the time of writing, there are approximately 327,900 unconfirmed transactions, with a low priority fee of roughly 140 sat/vB, around $5.16. That’s double what low priority fees were before they spiked this week. Transactions of 18 sat/vB, or $0.66, or less were getting purged, or ignored, by miners because they were too small to be worth processing.\nThe transaction backlog has seen a huge decrease from the past couple of days, when there were more than 400,000 unconfirmed transactions and high priority fees hit 654 sat/vB, or $26 dollars, according tomempool.space.\nBitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017\nAt the center of this controversy is Taproot, Bitcoin’s latest update which allows for arbitrary non-financial data to be included in the blockchain.\nAnd from Taproot come Ordinals—the hottest crypto craze right now or a scourge on Satoshi’s vision, depending on who you ask.\nConsider them like NFTs, images, videos and even computer games that can be securely stored on the Bitcoin blockchain. Some people love them, while others see them as nothing more as a waste of time and pointless network congestion: for users to mint such tokens on the Bitcoin blockchain, they are required to burn transaction fees in order to create these tokens. This in turn clogs up the network.\nAcclaimed “Bitcoin Maxi” and MicroStrategy co-founder Michael Saylor is one high-profile voice who hassaidthat the Ordinals craze is just another “catalyst for Bitcoin adoption.”\n“Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” he said.\nTo be clear, Ordinals have always been controversial. They sparked controversy when theylaunched in January.\nBut now they’re picking up velocity as Binance, the world’s largest cryptocurrency exchange,adds support for themin its NFT marketplace. At one point this week, Bitcoin core developer Luke Dashjremailedother Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens.\nIt wasn’t received well by all corners of the Bitcoin community. One notable reply came from Washington Sanchez, the NFT product lead at crypto exchange Kraken, who called Dashjr\'s attempts to block the development a "1 man jihad against Ordinals."\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption\nBut not everyone has immersed themselves in the debate. Christoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, toldDecryptthat the debate over Ordinals has become a “distraction.”\n“Bitcoin is about hard money and a new global financial system,” he said. “What are a few pixelated images and JSON blobs in comparison? Some people will test this mechanism to see if they can extract profit from it, just like it happens with every facet of Bitcoin and crypto.”\nHe added that if Bitcoin couldn’t deal with such a “goofy situation,” it wouldn’t be “hard money.”\nAnd Ono quickly dismissed the idea that Ordinals could lead to another BCH-like split: “I don’t know of anyone seriously considering a hard fork.”', 'Last week saw the Bitcoin network under fire—both computationally and ideologically. Stemming from the newOrdinalsand BRC-20 token standard, the network has seen inordinate amounts of congestion, with sky high fees and hundreds of thousands of unconfirmed transactions.\nAt one point, people were even claiming there was an “attack on Bitcoin.”\nIt reignited a fierce debate among Bitcoiners—one that goes back years. To really understand what the current controversy is all about, we\'ll need to revisit the history of the "block size wars."\nBy 2017, Bitcoin miners, developers, and users had been arguing for years about whether to increase the protocol’s block size. The block size is the amount of transaction data individual blocks on the network can hold.\nThe short of it is that “large blockers” want to keep fees low by increasing blockspace and allowing for more transactions per second.\n“Small blockers” argue that it’s essential to keep the system resistant from state actors or private interests by making it cheap to validate transactions. These developers acknowledged and actually accepted high fees in times of congestion as a necessary tradeoff for maintaining decentralization.\nThe disagreement led to what is called ahard fork—and two new cryptocurrencies were born:Bitcoin Cash(BCH) and, later,Bitcoin Satoshi’s Vision(BSV).\n\'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher\nBut fast forward to 2023, and it feels like a similar conflict is rearing its head once again: What exactly should Bitcoin be used for? Were such a thing to happen again, would it be a success? “That approach [a hard fork] was tried back in 2017, and I think the outcome is fairly clear at this point,” Craig Raw, developer of the Bitcoin Sparrow Wallet, toldDecrypt.\nToday, both BCH and BSV have a much smaller market cap than the original BTC and have been largely dismissed by many in the Bitcoin and larger crypto communities.\nFrom hardcore maxis, to core maintainers and your classic Twitter troll, everybody seems to have a say, especially now the network is “suffering” from high fees and extreme congestion.\nAt the time of writing, there are approximately 327,900 unconfirmed transactions, with a low priority fee of roughly 140 sat/vB, around $5.16. That’s double what low priority fees were before they spiked this week. Transactions of 18 sat/vB, or $0.66, or less were getting purged, or ignored, by miners because they were too small to be worth processing.\nThe transaction backlog has seen a huge decrease from the past couple of days, when there were more than 400,000 unconfirmed transactions and high priority fees hit 654 sat/vB, or $26 dollars, according tomempool.space.\nBitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017\nAt the center of this controversy is Taproot, Bitcoin’s latest update which allows for arbitrary non-financial data to be included in the blockchain.\nAnd from Taproot come Ordinals—the hottest crypto craze right now or a scourge on Satoshi’s vision, depending on who you ask.\nConsider them like NFTs, images, videos and even computer games that can be securely stored on the Bitcoin blockchain. Some people love them, while others see them as nothing more as a waste of time and pointless network congestion: for users to mint such tokens on the Bitcoin blockchain, they are required to burn transaction fees in order to create these tokens. This in turn clogs up the network.\nAcclaimed “Bitcoin Maxi” and MicroStrategy co-founder Michael Saylor is one high-profile voice who hassaidthat the Ordinals craze is just another “catalyst for Bitcoin adoption.”\n“Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” he said.\nTo be clear, Ordinals have always been controversial. They sparked controversy when theylaunched in January.\nBut now they’re picking up velocity as Binance, the world’s largest cryptocurrency exchange,adds support for themin its NFT marketplace. At one point this week, Bitcoin core developer Luke Dashjremailedother Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens.\nIt wasn’t received well by all corners of the Bitcoin community. One notable reply came from Washington Sanchez, the NFT product lead at crypto exchange Kraken, who called Dashjr\'s attempts to block the development a "1 man jihad against Ordinals."\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adopt Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,673,942,650 - Hash Rate: 346023367.89415514 - Transaction Count: 575640.0 - Unique Addresses: 553742.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The Treasury has scrapped plans for the Royal Mint to create its own non-fungible token - REUTERS/Florence Lo/Illustration/File Photo The Treasury has scrapped plans for the Royal Mint to create its own non-fungible token (NFT). It comes less than a year after Britains coin-maker was tasked with selling the Government-backed token , a controversial project Rishi Sunak had said was an emblem of the forward-looking approach the UK is determined to take. NFTs use technology behind cryptocurrencies such as Bitcoin to confer ownership of digital items such as artwork or virtual clothing. However, the Treasury has confirmed it is no longer proceeding with the NFT launch at this time, following a consultation with the Royal Mint. The proposal will be kept under review, a Royal Mint spokesman said. Economic Secretary Andrew Griffith shared the announcement with Parliament on Monday in response to a written question from Conservative MP Harriett Baldwin, who had asked if creating NFTs remained a Treasury policy. Commenting on the announcement, Ms Baldwin, chair of the Treasury Select Committee, told the BBC: "We have not yet seen a lot of evidence that our constituents should be putting their money in these speculative tokens unless they are prepared to lose all their money. "So perhaps that is why the Royal Mint has made this decision in conjunction with the Treasury." Mr Sunak, then Chancellor, asked the Royal Mint last April to deliver the state-backed NFT by that summer. The token was understood to be a collectable digital artwork, extending the range of existing commemorative coins offered by the Royal Mint. The Mint hoped that creating NFTs would attract a new audience and help customers own digital collectables in a secure and trusted way. It also presented another growth opportunity for the Mint as the UK increasingly moves towards becoming a cashless society, as seen by the Treasurys plans to develop a digital pound . However, the Treasury soon faced backlash after refusing to disclose how much the NFT plans were costing British taxpayers . The decision to abandon the project comes as the value of the NFT market has diminished over the past year, as part of a global rout of digital assets - dubbed the crypto winter. Many cryptocurrencies, which are used to to buy and self NFTs, have sharply dropped in value as investors continue to exit the market still beset by scams and cyber attacks. The price of Bitcoin has fallen nearly 38pc over the past year.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Turkey election For months he had stubbornly resisted calls to step aside and make way for Kemal Kilicdaroglu , the man seeking to become Turkey’s next president at too-close-to-call elections on Sunday 14 May. But then, on Thursday, so late in the day that ballot papers with his name on them had already been printed, Muharrem Ince suddenly backed down. “I am withdrawing from the candidacy. I am doing this for my country,” he said. But not, it transpired, of his own free will. Instead, the 59-year-old insisted, he was the victim of a smear campaign. A sex tape, he said, had been swiped from “an Israeli porn site” and doctored to make it appear as if he was involved. “This is not my private life, it’s slander. It’s not real.” But the effects of his withdrawal could be very real. Though Ince was polling only around 2 per cent ahead of the election, most of his backers are now expected to shift their support to Kilicdaroglu, who is seeking to unseat Turkey’s increasingly autocratic leader Recep Tayyip Erdogan after two decades in power. And with polls putting Kilicdaroglu on 49.3 per cent to Erdogan’s 43.7 per cent, a handful of extra votes is all the challenger needs to cross the 50 per cent threshold and avoid a run-off against an incumbent famed as a political survivor. Yet should it prove decisive, the alleged sex tape would only prove the most dramatic fakery in a campaign that has been marked by misinformation and accusations of foreign meddling – accusations that saw Kilicdaroglu, 74, denounce “montages, plots, [and] Deep Fake tapes” – referring to realistic AI-generated videos of people saying or doing things they haven’t done. Muharrem Ince has suddenly withdrawn from the Turkish presidential race - STR/EPA-EFE/Shutterstock The target of his ire was Russia, long seen as an ally of his electoral opponent Erdogan. And analysts suggest such dirty tricks from Moscow would make sense. “Russia is definitely favouring Erdogan [in the election],” says Galip Dalay at Chatham House. “They have energy and grain deals. Putin can even meet Erdogan, head of a Nato country, and so say he is not isolated and that the Nato front is not united.” Story continues Yet Erdogan subsequently suggested that his rival’s accusations of Russian interference were no more than a ruse to deflect attention from the real culprit. “One of the candidates withdrew,” he said after Ince stood down. “Of course, it is impossible to understand why. What did [Kilicdaroglu] come up with? A tape. How did he do that? All they know is tricks.” And just as Russia has reason to back Erdogan, Israel – provenance of the doctored sex tape, according to its victim – may have reason to see Turkey’s president unseated. “There has been difficulty, real bad blood between Israel and Turkey over the past decade,” says Dalay. “One can assume Israel would back the opposition.” Whatever the truth about foreign meddling, though, there is little doubt that the world is watching Turkey’s election, freighted as it is with stunning geopolitical significance. Turkey has long played what an intelligence source calls “the man in the middle” – trying to leverage its position as both a Nato member and a country with close ties to Moscow. It also has a critical role in controlling the flow of refugees into Europe and, despite Erdogan’s increasingly dictatorial instincts, remains a large Muslim democracy in a region hardly overflowing with them. With the war in Ukraine, however, the stakes have got even higher, as West and East both try to bring the world’s 11th biggest economy further into their camp. “And Turkey,” says the source, “is trying to juggle both sides.” On one hand, Ankara is blocking Sweden’s accession to Nato and buying Russian gas, but on the other, “it isn’t turning a blind eye to weapons smuggled through Turkish territorial waters. And nor has Erdogan started arguing Putin’s case in the Western camp.” Yet if the elections are vital for the world beyond Turkey’s borders, they are also critical for Turkey. The opposition claims they are a chance to restore the country’s battered economy, whose plummeting currency and soaring 40 per cent-plus inflation has created a cost of living crisis that has made many Turks dramatically poorer. Erdogan insists, however, that only he can prevent the restoration of a secular, metropolitan elite dragging the country from its cultural roots. Turkey, he says, can be powerful and prosperous without sliding inexorably Westwards. Erdogan and his wife Emine during the unveiling of the AK Party’s election manifestovvvv - Adem Altan It is a clash of civilisations viewpoint that perhaps explains why his campaign has allegedly stooped to its own video deception, playing film at a rally that appears to stitch together footage from a genuine campaign video by his rival with images of Murat Karayilan, one of the founders of the Kurdish PKK separatists , as if to suggest Kilicdaroglu was endorsed by a group regarded as terrorists by the EU and the US State Department. A German media investigation found that the clips came from two entirely separate videos and the Turkish opposition was not being endorsed by the PKK. Now accusations fly back and forth of truth-bending and image manipulation so voters cannot know if they can trust their eyes. Kilicdaroglu says Erdogan “can make negative propaganda by changing sound and images”, going so far as to suggest his rival is in league with foreign agents, presumably Russian. “We’ve learned that they’ve made agreements with some hackers from abroad and made payments in Bitcoin,” he said. This week he insisted, after directly accusing Russia, via tweet, of meddling: “I wouldn’t tweet if we didn’t have concrete evidence. We find it unacceptable for another country to intervene in Turkey’s election process in favour of a political party. I wanted the whole world to know this.” If there is a deal with Moscow, says the intelligence source, it would represent “classic Russian tactics”. The exchange goes as follows: “If we can help you win the election, if we do you a favour when you’re in power, you’re going to have to do us a favour.” Sophisticated deep fake videos and other visible elements of a disinformation campaign are useful, the source continues, because they help the outside nation behind them, such as Russia, “demonstrate proof that they helped the candidates get elected, firstly to give them leverage when they want to call in favours, and secondly, to use as blackmail if the favours aren’t returned.” Recep Tayyip Erdogan - Anadolu Agency If Turkey’s election is a live demonstration of the destructive havoc that AI and other advanced technologies can wreak on democracies, then democracies themselves can find it hard to respond in kind to such underhand meddling. To intervene in a foreign election, a British deep fake operation would require authorisation at cabinet or prime ministerial level, if it was done at all. “We have the capacity, we just don’t have the policy permissions,” says the source. In an emergency, getting those permissions would take “time and effort. These [Russian] guys can just go and do it in a couple of hours with little or no oversight.” Instead, efforts are directed at “counter disinformation”. “What we can do very quickly is expose the truth.” But in the end even that may not prove enough. “Deep fakes are very worrying,” says the source. “We’re probably already at the stage where a video could emerge of Rishi Sunak declaring war on China and you wouldn’t be able to tell if it was real.” Today, with Europe’s worst fighting in 70 years raging across the Black Sea opposite Turkish shores, such provocative fakes may change the course of elections. Soon they may start the wars themselves. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'Turkey election For months he had stubbornly resisted calls to step aside and make way for Kemal Kilicdaroglu , the man seeking to become Turkey’s next president at too-close-to-call elections on Sunday 14 May. But then, on Thursday, so late in the day that ballot papers with his name on them had already been printed, Muharrem Ince suddenly backed down. “I am withdrawing from the candidacy. I am doing this for my country,” he said. But not, it transpired, of his own free will. Instead, the 59-year-old insisted, he was the victim of a smear campaign. A sex tape, he said, had been swiped from “an Israeli porn site” and doctored to make it appear as if he was involved. “This is not my private life, it’s slander. It’s not real.” But the effects of his withdrawal could be very real. Though Ince was polling only around 2 per cent ahead of the election, most of his backers are now expected to shift their support to Kilicdaroglu, who is seeking to unseat Turkey’s increasingly autocratic leader Recep Tayyip Erdogan after two decades in power. And with polls putting Kilicdaroglu on 49.3 per cent to Erdogan’s 43.7 per cent, a handful of extra votes is all the challenger needs to cross the 50 per cent threshold and avoid a run-off against an incumbent famed as a political survivor. Yet should it prove decisive, the alleged sex tape would only prove the most dramatic fakery in a campaign that has been marked by misinformation and accusations of foreign meddling – accusations that saw Kilicdaroglu, 74, denounce “montages, plots, [and] Deep Fake tapes” – referring to realistic AI-generated videos of people saying or doing things they haven’t done. Muharrem Ince has suddenly withdrawn from the Turkish presidential race - STR/EPA-EFE/Shutterstock The target of his ire was Russia, long seen as an ally of his electoral opponent Erdogan. And analysts suggest such dirty tricks from Moscow would make sense. “Russia is definitely favouring Erdogan [in the election],” says Galip Dalay at Chatham House. “They have energy and grain deals. Putin can even meet Erdogan, head of a Nato country, and so say he is not isolated and that the Nato front is not united.” Story continues Yet Erdogan subsequently suggested that his rival’s accusations of Russian interference were no more than a ruse to deflect attention from the real culprit. “One of the candidates withdrew,” he said after Ince stood down. “Of course, it is impossible to understand why. What did [Kilicdaroglu] come up with? A tape. How did he do that? All they know is tricks.” And just as Russia has reason to back Erdogan, Israel – provenance of the doctored sex tape, according to its victim – may have reason to see Turkey’s president unseated. “There has been difficulty, real bad blood between Israel and Turkey over the past decade,” says Dalay. “One can assume Israel would back the opposition.” Whatever the truth about foreign meddling, though, there is little doubt that the world is watching Turkey’s election, freighted as it is with stunning geopolitical significance. Turkey has long played what an intelligence source calls “the man in the middle” – trying to leverage its position as both a Nato member and a country with close ties to Moscow. It also has a critical role in controlling the flow of refugees into Europe and, despite Erdogan’s increasingly dictatorial instincts, remains a large Muslim democracy in a region hardly overflowing with them. With the war in Ukraine, however, the stakes have got even higher, as West and East both try to bring the world’s 11th biggest economy further into their camp. “And Turkey,” says the source, “is trying to juggle both sides.” On one hand, Ankara is blocking Sweden’s accession to Nato and buying Russian gas, but on the other, “it isn’t turning a blind eye to weapons smuggled through Turkish territorial waters. And nor has Erdogan started arguing Putin’s case in the Western camp.” Yet if the elections are vital for the world beyond Turkey’s borders, they are also critical for Turkey. The opposition claims they are a chance to restore the country’s battered economy, whose plummeting currency and soaring 40 per cent-plus inflation has created a cost of living crisis that has made many Turks dramatically poorer. Erdogan insists, however, that only he can prevent the restoration of a secular, metropolitan elite dragging the country from its cultural roots. Turkey, he says, can be powerful and prosperous without sliding inexorably Westwards. Erdogan and his wife Emine during the unveiling of the AK Party’s election manifestovvvv - Adem Altan It is a clash of civilisations viewpoint that perhaps explains why his campaign has allegedly stooped to its own video deception, playing film at a rally that appears to stitch together footage from a genuine campaign video by his rival with images of Murat Karayilan, one of the founders of the Kurdish PKK separatists , as if to suggest Kilicdaroglu was endorsed by a group regarded as terrorists by the EU and the US State Department. A German media investigation found that the clips came from two entirely separate videos and the Turkish opposition was not being endorsed by the PKK. Now accusations fly back and forth of truth-bending and image manipulation so voters cannot know if they can trust their eyes. Kilicdaroglu says Erdogan “can make negative propaganda by changing sound and images”, going so far as to suggest his rival is in league with foreign agents, presumably Russian. “We’ve learned that they’ve made agreements with some hackers from abroad and made payments in Bitcoin,” he said. This week he insisted, after directly accusing Russia, via tweet, of meddling: “I wouldn’t tweet if we didn’t have concrete evidence. We find it unacceptable for another country to intervene in Turkey’s election process in favour of a political party. I wanted the whole world to know this.” If there is a deal with Moscow, says the intelligence source, it would represent “classic Russian tactics”. The exchange goes as follows: “If we can help you win the election, if we do you a favour when you’re in power, you’re going to have to do us a favour.” Sophisticated deep fake videos and other visible elements of a disinformation campaign are useful, the source continues, because they help the outside nation behind them, such as Russia, “demonstrate proof that they helped the candidates get elected, firstly to give them leverage when they want to call in favours, and secondly, to use as blackmail if the favours aren’t returned.” Recep Tayyip Erdogan - Anadolu Agency If Turkey’s election is a live demonstration of the destructive havoc that AI and other advanced technologies can wreak on democracies, then democracies themselves can find it hard to respond in kind to such underhand meddling. To intervene in a foreign election, a British deep fake operation would require authorisation at cabinet or prime ministerial level, if it was done at all. “We have the capacity, we just don’t have the policy permissions,” says the source. In an emergency, getting those permissions would take “time and effort. These [Russian] guys can just go and do it in a couple of hours with little or no oversight.” Instead, efforts are directed at “counter disinformation”. “What we can do very quickly is expose the truth.” But in the end even that may not prove enough. “Deep fakes are very worrying,” says the source. “We’re probably already at the stage where a video could emerge of Rishi Sunak declaring war on China and you wouldn’t be able to tell if it was real.” Today, with Europe’s worst fighting in 70 years raging across the Black Sea opposite Turkish shores, such provocative fakes may change the course of elections. Soon they may start the wars themselves. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'Illustration by Mitchell Preffer for Decrypt The most important tweet on Crypto Twitter this week was an announcement on Friday by Twitter’s owner and CEO Elon Musk naming his replacement, Linda Yaccarino , as the platform’s new chief executive. Musk will continue serving Twitter as CTO and executive chairman . Yaccarino left her job as head of advertising at NBCUniversal on Friday morning to take on the job of helping Musk transition Twitter into X, his envisioned “everything app" that will incorporate social media and payments (possibly including crypto) along the lines of China’s WeChat . I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app. https://t.co/TiSJtTWuky — Elon Musk (@elonmusk) May 12, 2023 Musk is also pro-crypto. His electric car company Tesla is currently one of the largest institutional HODLers of Bitcoin, even after it sold three quarters of its original holdings. He is a fan of Dogecoin, and his frequent tweets about it often pump the price. He even replaced Twitter’s blue bird logo with the Doge meme for a few days , so a potential crypto integration is conceivable, especially as a payments option. Elsewhere on Crypto Twitter this week, Coinbase CEO Brian Armstrong kicked things off by praising the UAE for its “ clear rule book ” when it comes to crypto regulations. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far. — Brian Armstrong 🛡️ (@brian_armstrong) May 8, 2023 Coinbase is a publicly traded U.S. company, but the hostile domestic regulatory environment is driving it offshore. The company recently obtained a license to operate in Bermuda and used it to open an international exchange offering Bitcoin and Ethereum perpetual futures. It is also currently talking with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM)—a crypto-friendly free economic zone in the UAE—about opening a regulated exchange there. Story continues Circle’s EU strategy and policy director Patrick Hansen on Tuesday shared a chart showing just how MiCA is stealing the wind from U.S. sails. European Union lawmakers last month approved MiCA , or the Markets in Crypto Assets bill, which now means the bloc has a unified regulatory approach throughout its 27 member states and licenses granted to crypto companies in one country can be “passported” to another member state. The rules on stablecoins come into force in July 2024, while other requirements will not be enforced until January 2025. The MiCA effect 🇪🇺🚀 The share of VC investment into European crypto projects is up almost 10x in one year - from a share of 5.9% in Q1 2022 to 47.6% in Q2 2023. Regulatory clarity attracts capital & entrepreneurs from around the world. Great development for crypto in Europe! pic.twitter.com/kUVp3rwlg3 — Patrick Hansen (@paddi_hansen) May 9, 2023 On Tuesday, U.S. President Joe Biden positioned himself against the “MAGA House Republicans” aligned with “ wealthy crypto investors ” that look for loopholes to avoid paying tax. POTUS’s tweet was subsequently flagged by fact checkers who added the context that all crypto profits are subject to capital gains tax. We don’t have to guess what MAGA House Republicans value. They’re telling us. pic.twitter.com/BM6JGMEFeq — President Biden (@POTUS) May 9, 2023 Also that day, a video shared by MicroStrategy chair and institutional Bitcoin whale Michael Sadler made the rounds. A keen and predictable Bitcoin acolyte, Saylor says that Bitcoin’s price “will chop its way up—with volatility—forever.” I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin , banking, macro, money, and the media with @patrickbetdavid . https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124 — Michael Saylor⚡️ (@saylor) May 9, 2023 Bitcoin mining revenue levels are now at the level they were at a year ago, according to a chart shared by Will Clemente, the co-founder of independent digital asset research firm Reflexivity Research. After a tough 2022, with BTC up 65% YTD and transaction fees rising due to ordinals, Bitcoin miners are now bringing in the most revenue they have in over a year at roughly $40 million a day pic.twitter.com/kWbyIGoGRR — Will Clemente (@WClementeIII) May 10, 2023 Stablecoin issuer Tether’s revenue is well over a billion, according to its Q1 2023 attestation. This means it comfortably outpaces Blackrock, the largest asset manager in the world. At its peak, Blackrock became the first asset manager to steward $10 trillion in assets in Q4 2022, but this has fallen to $8.59 trillion as of Q4 2023 . Blackrock Q1 net income: $1.16 billion Tether: $1.48 billion sheesh https://t.co/deOAPAqnRz — db (@tier10k) May 10, 2023 Another day, another crypto scammer brought into the light by blockchain sleuth ZachXBT. Another day another influencer @DannyCrypt dumping on their followers undisclosed He received 2% of the supply to assist with marketing but within 15 minutes of receiving the tokens market dumped the majority of them for $57k (31 ETH) Meanwhile he tweeted “hodling my HODL coin” pic.twitter.com/XVrMh3HVDZ — ZachXBT (@zachxbt) May 10, 2023 Independent Ethereum educator Anthony Sassano called Ethereum staking “up only” on Wednesday. There are now more active validators live on the Ethereum network than there were before staking withdrawals were enabled It took less than a month for this to happen ETH staking is up only — sassal.eth 🦇🔊 (@sassal0x) May 10, 2023 Retired ExxonMobil exec Tom Glass, who is currently seeking the Republican nomination for state House District 17, broke news that Texas lawmakers voted overwhelmingly in favor of an update to the state’s Bill of Rights to include the right of the people to own, hold, and use digital currencies. The Texas House #txlege voted 139 to 2 tonight to add the following to the Texas Bill of Rights: The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for… pic.twitter.com/op3t8rr6J2 — Tom Glass (@tomgglass) May 11, 2023 Finally on Thursday, Web3 law expert MetaLawMan wrote up a thread explaining just how important the news is that the U.S. Chamber of Commerce filed an amicus brief in support of Coinbase’s ongoing court petition to get the securities regulator to clarify its rules. 3/ The Chamber makes 3 arguments. 1. Regulatory uncertainty is killing innovation in the U.S. 2. The SEC is destabilizing the digital assets regulatory environment. 3. The SEC is violating Constitutional Due Process and Fair Notice rights. And the topper is... — MetaLawMan (@MetaLawMan) May 11, 2023', 'Illustration by Mitchell Preffer for Decrypt The most important tweet on Crypto Twitter this week was an announcement on Friday by Twitter’s owner and CEO Elon Musk naming his replacement, Linda Yaccarino , as the platform’s new chief executive. Musk will continue serving Twitter as CTO and executive chairman . Yaccarino left her job as head of advertising at NBCUniversal on Friday morning to take on the job of helping Musk transition Twitter into X, his envisioned “everything app" that will incorporate social media and payments (possibly including crypto) along the lines of China’s WeChat . I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app. https://t.co/TiSJtTWuky — Elon Musk (@elonmusk) May 12, 2023 Musk is also pro-crypto. His electric car company Tesla is currently one of the largest institutional HODLers of Bitcoin, even after it sold three quarters of its original holdings. He is a fan of Dogecoin, and his frequent tweets about it often pump the price. He even replaced Twitter’s blue bird logo with the Doge meme for a few days , so a potential crypto integration is conceivable, especially as a payments option. Elsewhere on Crypto Twitter this week, Coinbase CEO Brian Armstrong kicked things off by praising the UAE for its “ clear rule book ” when it comes to crypto regulations. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far. — Brian Armstrong 🛡️ (@brian_armstrong) May 8, 2023 Coinbase is a publicly traded U.S. company, but the hostile domestic regulatory environment is driving it offshore. The company recently obtained a license to operate in Bermuda and used it to open an international exchange offering Bitcoin and Ethereum perpetual futures. It is also currently talking with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM)—a crypto-friendly free economic zone in the UAE—about opening a regulated exchange there. Story continues Circle’s EU strategy and policy director Patrick Hansen on Tuesday shared a chart showing just how MiCA is stealing the wind from U.S. sails. European Union lawmakers last month approved MiCA , or the Markets in Crypto Assets bill, which now means the bloc has a unified regulatory approach throughout its 27 member states and licenses granted to crypto companies in one country can be “passported” to another member state. The rules on stablecoins come into force in July 2024, while other requirements will not be enforced until January 2025. The MiCA effect 🇪🇺🚀 The share of VC investment into European crypto projects is up almost 10x in one year - from a share of 5.9% in Q1 2022 to 47.6% in Q2 2023. Regulatory clarity attracts capital & entrepreneurs from around the world. Great development for crypto in Europe! pic.twitter.com/kUVp3rwlg3 — Patrick Hansen (@paddi_hansen) May 9, 2023 On Tuesday, U.S. President Joe Biden positioned himself against the “MAGA House Republicans” aligned with “ wealthy crypto investors ” that look for loopholes to avoid paying tax. POTUS’s tweet was subsequently flagged by fact checkers who added the context that all crypto profits are subject to capital gains tax. We don’t have to guess what MAGA House Republicans value. They’re telling us. pic.twitter.com/BM6JGMEFeq — President Biden (@POTUS) May 9, 2023 Also that day, a video shared by MicroStrategy chair and institutional Bitcoin whale Michael Sadler made the rounds. A keen and predictable Bitcoin acolyte, Saylor says that Bitcoin’s price “will chop its way up—with volatility—forever.” I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin , banking, macro, money, and the media with @patrickbetdavid . https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124 — Michael Saylor⚡️ (@saylor) May 9, 2023 Bitcoin mining revenue levels are now at the level they were at a year ago, according to a chart shared by Will Clemente, the co-founder of independent digital asset research firm Reflexivity Research. After a tough 2022, with BTC up 65% YTD and transaction fees rising due to ordinals, Bitcoin miners are now bringing in the most revenue they have in over a year at roughly $40 million a day pic.twitter.com/kWbyIGoGRR — Will Clemente (@WClementeIII) May 10, 2023 Stablecoin issuer Tether’s revenue is well over a billion, according to its Q1 2023 attestation. This means it comfortably outpaces Blackrock, the largest asset manager in the world. At its peak, Blackrock became the first asset manager to steward $10 trillion in assets in Q4 2022, but this has fallen to $8.59 trillion as of Q4 2023 . Blackrock Q1 net income: $1.16 billion Tether: $1.48 billion sheesh https://t.co/deOAPAqnRz — db (@tier10k) May 10, 2023 Another day, another crypto scammer brought into the light by blockchain sleuth ZachXBT. Another day another influencer @DannyCrypt dumping on their followers undisclosed He received 2% of the supply to assist with marketing but within 15 minutes of receiving the tokens market dumped the majority of them for $57k (31 ETH) Meanwhile he tweeted “hodling my HODL coin” pic.twitter.com/XVrMh3HVDZ — ZachXBT (@zachxbt) May 10, 2023 Independent Ethereum educator Anthony Sassano called Ethereum staking “up only” on Wednesday. There are now more active validators live on the Ethereum network than there were before staking withdrawals were enabled It took less than a month for this to happen ETH staking is up only — sassal.eth 🦇🔊 (@sassal0x) May 10, 2023 Retired ExxonMobil exec Tom Glass, who is currently seeking the Republican nomination for state House District 17, broke news that Texas lawmakers voted overwhelmingly in favor of an update to the state’s Bill of Rights to include the right of the people to own, hold, and use digital currencies. The Texas House #txlege voted 139 to 2 tonight to add the following to the Texas Bill of Rights: The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for… pic.twitter.com/op3t8rr6J2 — Tom Glass (@tomgglass) May 11, 2023 Finally on Thursday, Web3 law expert MetaLawMan wrote up a thread explaining just how important the news is that the U.S. Chamber of Commerce filed an amicus brief in support of Coinbase’s ongoing court petition to get the securities regulator to clarify its rules. 3/ The Chamber makes 3 arguments. 1. Regulatory uncertainty is killing innovation in the U.S. 2. The SEC is destabilizing the digital assets regulatory environment. 3. The SEC is violating Constitutional Due Process and Fair Notice rights. And the topper is... — MetaLawMan (@MetaLawMan) May 11, 2023', 'OpenAI CEO Sam Altman helped bring ChatGPT to the world, which sparked the current A.I. race involving Microsoft , Google , and others. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home But he’s busy with other ventures that could be no less disruptive—and are linked in some ways. This week, Microsoft announced a purchasing agreement with Helion Energy, a nuclear fusion startup primarily backed by Altman. And Worldcoin, a crypto startup involving eye scans cofounded by Altman in 2019, is close to securing hefty new investments, according to Financial Times reporting on Sunday. Before becoming OpenAI’s leader, Altman served as president of the startup accelerator Y Combinator, so it’s not entirely surprising that he’s involved in more than one venture. But the sheer ambition of the projects, both on their own and collectively, merits attention. Microsoft announced a deal on Wednesday in which Helion will supply it with electricity from nuclear fusion by 2028. That\'s bold considering nobody is yet producing electricity from fusion, and many experts believe it\'s decades away. During a Stripe conference interview last week, Altman said the audience "should be excited" about the startup\'s developments and drew a connection between Helion and artificial intelligence. “If you really want to make the biggest, most capable super intelligent system you can, you need high amounts of energy,” he explained. “And if you have an A.I. that can help you move faster and do better material science, you can probably get to fusion a little bit faster too.” He acknowledged the challenging economics of nuclear fusion, but added, “I think we will probably figure it out.” He added, “And probably we will get to a world where in addition to the cost of intelligence falling dramatically, the cost of energy falls dramatically, too. And if both of those things happen at the same time—I would argue that they are currently the two most important inputs in the whole economy—we get to a super different place." Story continues Worldcoin—still in beta but aiming to launch in the first half of this year—is equally ambitious, as Fortune reported in March. If A.I. takes away our jobs and governments decide that a universal basic income is needed, Worldcoin wants to be the distribution mechanism for those payments. If all goes to plan, it’ll be bigger than Bitcoin and approved by regulators across the globe. That might be a long way off if it ever occurs, but in the meantime the startup might have found quicker path to monetization with World ID, a kind of badge you receive after being verified by Worldcoin—and a handy way to prove that you’re a human rather than an A.I. bot when logging into online platforms. The idea is your World ID would join or replace your user names and passwords. The only way to really prove a human is a human, the Worldcoin team decided, was via an iris scan. That led to a small orb-shaped device you look into that converts a biometric scanning code into “proof of personhood.” When you’re scanned, verified, and onboarded to Worldcoin, you’re given 25 proprietary crypto tokens, also called Worldcoins. Well over a million people have already participated, though of course the company aims to have tens and then hundreds of millions joining after beta. Naturally such plans have raised a range of privacy concerns, but according to the FT, the firm is now in advanced talks to raise about $100 million. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'OpenAI CEO Sam Altman helped bring ChatGPT to the world, which sparked the current A.I. race involvingMicrosoft,Google, and others.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nBut he’s busy with other ventures that could be no less disruptive—and are linked in some ways. This week, Microsoftannounced a purchasing agreementwith Helion Energy, a nuclear fusion startup primarily backed by Altman. And Worldcoin, a crypto startup involving eye scans cofounded by Altman in 2019, is close to securing hefty new investments, according toFinancial Timesreportingon Sunday.\nBefore becoming OpenAI’s leader, Altman served as president of the startup accelerator Y Combinator, so it’s not entirely surprising that he’s involved in more than one venture. But the sheer ambition of the projects, both on their own and collectively, merits attention.\nMicrosoftannounced a dealon Wednesday in which Helion will supply it with electricity from nuclear fusion by 2028. That\'s bold considering nobody is yet producing electricity from fusion, and many experts believe it\'s decades away.\nDuring aStripeconferenceinterviewlast week, Altman said the audience "should be excited" about the startup\'s developments and drew a connection between Helion and artificial intelligence.\n“If you really want to make the biggest, most capable super intelligent system you can, you need high amounts of energy,” he explained. “And if you have an A.I. that can help you move faster and do better material science, you can probably get to fusion a little bit faster too.”\nHe acknowledged the challenging economics of nuclear fusion, but added, “I think we will probably figure it out.”\nHe added, “And probably we will get to a world where in addition to the cost of intelligence falling dramatically, the cost of energy falls dramatically, too. And if both of those things happen at the same time—I would argue that they are currently the two most important inputs in the whole economy—we get to a super different place."\nWorldcoin—still in beta but aiming to launch in the first half of this year—is equally ambitious, asFortunereportedin March. If A.I. takes away our jobs and governments decide that a universal basic income is needed, Worldcoin wants to be the distribution mechanism for those payments. If all goes to plan, it’ll be bigger than Bitcoin and approved by regulators across the globe.\nThat might be a long way off if it ever occurs, but in the meantime the startup might have found quicker path to monetization with World ID, a kind of badge you receive after being verified by Worldcoin—and a handy way to prove that you’re a human rather than an A.I. bot when logging into online platforms. The idea is your World ID would join or replace your user names and passwords.\nThe only way to really prove a human is a human, the Worldcoin team decided, was via an iris scan. That led to a small orb-shaped device you look into that converts a biometric scanning code into “proof of personhood.”\nWhen you’re scanned, verified, and onboarded to Worldcoin, you’re given 25 proprietary crypto tokens, also called Worldcoins. Well over a million people have already participated, though of course the company aims to have tens and then hundreds of millions joining after beta. Naturally such plans have raised a range of privacy concerns, but according to the FT, the firm is now in advanced talks to raise about $100 million.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $520,973,001,450 - Hash Rate: 415228041.47298616 - Transaction Count: 631677.0 - Unique Addresses: 565005.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today A lesser-known but historically reliable bitcoin price indicator has flipped positive, signaling the onset of a major bull market. Bitcoin's (BTC) reserve-risk multiple has crossed above zero, turning positive for the first time since October 2021, according to blockchain analytics firm Glassnode. The previous crossovers above zero paved the way for parabolic price rallies. "In 2012, 2013, 2015, 2019 and 2020, it resulted in gains of 2,830%, 566%, 6,400%, 99% and 487%, respectively," on-chain analyst Ali MartineztweetedMonday. Glassnode defines reserve risk as a long-term cyclical indicator, comparing the incentive to sell at the going market price with long-term holders resisting the temptation to liquidate. A lower reading indicates strong conviction among "HODLers" – slang for long-term crypto investors – and vice versa. The reserve-risk multiple is calculated by dividing the daily indicator value by its 365-day moving average. The reserve-risk multiple's previous crossovers above and below zero accurately predicted major bullish and bearish trends. If history is a guide, the latest positive crossover means the cryptocurrency's 80% year-to-date rally to 10-month highs above $30,000 may be only the first milestone in its upward journey. The bullish implication is consistent with bitcoin's tendencyto chalk upoutsized rallies in the months leading up to the mining reward halving. This programmed code reduces the pace of the cryptocurrency's supply expansion by 50% every four years. Bitcoin's fourth reward halvingis duein April next year.... - Reddit Posts (Sample): [['u/FairBlamer', 'The perfect reply to “Bitcoin has no value” (use it, spread it)', 15, '2023-05-14 00:11', 'https://www.reddit.com/r/Bitcoin/comments/13gubel/the_perfect_reply_to_bitcoin_has_no_value_use_it/', 'Anytime anyone says bitcoin doesn’t have value, here’s how I reply:\n\n>“Billions of people around the world don’t have the luxury to access dollars. For them, bitcoin is a lifeline. [Here is a letter from 21 human rights activists from 20 different countries to the US congress explaining why bitcoin helps the struggle for global freedom.](https://www.financialinclusion.tech/)”\n\n—————\n\nEffectiveness against different types of bitcoin critics:\n\n# (TYPE 1) Bigot Class\n\nDescription: Fomenting, extreme hardcore anti-bitcoiners who have aneurysms when they see or hear the word bitcoin\n\nThese folks won’t change their mind no matter what you say. However, when they see the above, even they have no comeback whatsoever, so they just downvote you and don’t reply.\n\nResult: Extremely Effective\n\n\n\n# (TYPE 2) Sneer Class\n\nDescription: Anti-bitcoin echo chamber cheerleaders\n\nThese are people who enjoy social clout from sneering at bitcoin but don’t actually have a lot of experience thinking very deeply about pro- or even anti- bitcoin talking points.\n\nWhen faced with the above, they can’t think of any socially acceptable counter-sneer. So they silently read and don’t upvote or downvote, instead retreating to other topics with a newly found respect for bitcoin, even if only a mild one.\n\nResult: Extremely Effective\n\n\n\n# (TYPE 3) Normie Class\n\nDescription: Never thought much about bitcoin, just regurgitate headlines and popular anti-bitcoin talking points to fit in\n\nThis represents the vast majority of people who say bitcoin has no value. When they are confronted with such compelling evidence from respectable authorities on the subject of human rights, they often upvote the comment and sometimes even reply back with genuine interest, saying things like “thank you for sharing this” or “I didn’t know this about bitcoin” or “I can’t believe more people aren’t talking about this”.\n\nResult: Extremely Effective\n\n—————\n\nTL;DR \\- The above copy/paste comment succinctly and effectively dismantles anti-bitcoin critics of all kinds.\n\nUse it, spread it.', 'https://www.reddit.com/r/Bitcoin/comments/13gubel/the_perfect_reply_to_bitcoin_has_no_value_use_it/', '13gubel', [['u/BusinessBreakfast3', 12, '2023-05-14 01:45', 'https://www.reddit.com/r/Bitcoin/comments/13gubel/the_perfect_reply_to_bitcoin_has_no_value_use_it/jk24jul/', 'I usually say: send me 1 for free', '13gubel']]], ['u/AGOTFAN', '🇨🇳 Fast X first day presale still only ~20% of F9. If no significant improvement in the next 3 days & WoM is bad, then even lower than #GotGVol3 total could happen.', 66, '2023-05-14 01:12', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/', 'Source: \nhttps://twitter.com/bulletproofsqui/status/1657417600341774337?t=-BTcw_f2R6s1ybCXqy3i3g&s=19', 'https://i.imgur.com/37ReZXl.png', '13gvri2', [['u/ALHOWE6', 13, '2023-05-14 01:18', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk21aaw/', 'This disputes what Firefox posted which showed about a 10% increase in presales vs F9.', '13gvri2'], ['u/REQ52767', 29, '2023-05-14 01:40', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk23z8k/', 'As was the case for Guardians 3, this movie is screwed if it isn’t good. If it’s good, it’ll overcome and be a hit like Guardians.', '13gvri2'], ['u/Secure_Ad1628', 12, '2023-05-14 01:45', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk24krx/', 'This is first day only, I think Firefox posts full presales apart from OD', '13gvri2'], ['u/and_dont_blink', 13, '2023-05-14 04:56', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk2pwp2/', 'family fatigue', '13gvri2']]], ['u/ljapa', 'It’s absolutely amazing that there is over $1.3B in Casascius coins not redeemed', 33, '2023-05-14 05:00', 'https://www.reddit.com/r/Bitcoin/comments/13h0oyz/its_absolutely_amazing_that_there_is_over_13b_in/', 'At current pricing [the unredeemed Casascius coins are valued at over $1.3 billion dollars](https://casascius.uberbills.com/).\n\nOver 1/3 of that is in 1000 bitcoin coins and bars. \n\nI find it amazing for a number of reasons. It seems pretty clear that Mike Caldwell was legit. More value has been redeemed than hasn’t. That means redemption works. There’s also been no claims I’ve ever heard of that it didn’t work, meaning Mike didn’t keep any keys. \n\nEven a 0.1 Casascius coin represents $2600+ dollars. Unlike a hardware wallet where you can backup your seed, each coin is a single point of failure. I’d have to imagine the larger ones are in safes, but I still wonder how a plastic hologram would hold up in a fire, even in a safe. I can’t imagine owning one of the remaining 1,000 BTC coins/bars and being comfortable protecting that value. Of course, even with my DCA, I’ll never have that much net worth. \n\nIn 2011, when the coins were first produced, [bitcoin peaked at $30](https://www.sofi.com/learn/content/bitcoin-price-history/). On the one hand, I can imagine some of those early Casascius coins being lost because they weren’t worth much, but on the other hand, I can’t imagine someone buying one in 2011 who wasn’t a true believer. \n\nI’m still amazed $1.3B is locked up in unredeemed ones.', 'https://www.reddit.com/r/Bitcoin/comments/13h0oyz/its_absolutely_amazing_that_there_is_over_13b_in/', '13h0oyz', [['u/NvrIdle', 34, '2023-05-14 06:07', 'https://www.reddit.com/r/Bitcoin/comments/13h0oyz/its_absolutely_amazing_that_there_is_over_13b_in/jk2wybi/', 'The newbies here most likely don’t even know what casascious coins even are. Those were the days. Mike Caldwell was ahead of his time and got nothing but heat from the US government for creating them. He was also one of the first people to seriously mine bitcoin with GPU’s. He made multiple YouTube video’s on his mining setup back in the day and paved the way for a lot us to do the same until AICS’s came out. \n\nMike is just about as OG as they get in bitcoin, and I’ve got nothing but respect. Hats off to the guy. Thanks for everything you’ve done Mike!', '13h0oyz']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, May 14, 2023', 26, '2023-05-14 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/', '13h1xa1', [['u/skycake21', 10, '2023-05-14 07:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk332s1/', 'Sell in may and go away..\nHere comes July, set orders to buy...', '13h1xa1'], ['u/Essexal', 11, '2023-05-14 09:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk3arkw/', 'Under 28 is still cheap ;-)', '13h1xa1'], ['u/viralhysteria', 11, '2023-05-14 12:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk3qzby/', "it's kinda funny you're so confidently saying 25.3 is the start of the support area when I literally had to tell you why 25.3 was even support to begin with like a day ago. what if I was wrong? \n\nthere are way too many certainties in your post, focus on what's happening now. \n\nif we continue to hold 26.6-26.9 for at least another day or two there's a pretty high chance we could easily test low 28s before resuming the downtrend if we didn't bottom yesterday. We're pretty close to invalidating the downtrend as it is so unless we start picking up momentum again my bias is starting to lean neutral/cautiously optimistic.", '13h1xa1'], ['u/dopeboyrico', 18, '2023-05-14 14:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk3x9y3/', 'Decision on the debt ceiling.\n\nThe House and Senate are both in session at the same time only through the 18th this week before the x date. After that the House and Senate are in session on non-overlapping days through the x date.\n\nX date is as early as June 1st. When the x date occurs, if a decision is not yet made, the government would no longer be able to pay all of their obligations on time. Treasury bonds would most likely be prioritized to avoid a technical default but Social Security, Medicare, tax refunds, and military salaries would likely end up getting delayed.\n\nCongress is going to end up raising the debt ceiling last minute but the closer we get to the x date with no decision made, the more volatile markets will be as people start to get fearful and price in the severe repercussions of not raising the debt ceiling.', '13h1xa1'], ['u/btchodler4eva', 10, '2023-05-14 16:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4dh02/', 'I keep reading doom and gloom predictions about an oncoming recession in the next 6 months: 8+% unemployment, deflation, stocks crash, etc. I’m curious about what folks here are making of it.', '13h1xa1'], ['u/iEyeOpen', 14, '2023-05-14 17:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4h23j/', "The market participants are being manipulated in order to not buy and participate in the soon upcoming mini bullrun. By the time it's obvious there was nothing to fear, we'll be at much higher levels. The poors need to miss out on every cycle, either through fear or because they can't afford it financially. IMO all the negative impact on the market was a huge inside plan. People in powerful positions are either evil or stupid, only that explains what has happened so far for years.", '13h1xa1'], ['u/diydude2', 16, '2023-05-14 17:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4lezl/', '> ...oncoming recession...\n\nFor all intents and purposes, we\'ve been in a recession since 2008. Things like the iPhone made GDP numbers look OK, but it was all borrowed money. Corporations borrowed money and hired. Government at all levels did the same. Normally, this would be fine if real production followed, but it did not. We got a bunch of money moving around, some silly apps; meanwhile, our infrastructure continued crumbling, our military was ground down and left behind technologically (we don\'t have hypersonic missiles or any way to defend against them, and our planes are a joke now compared to the Sukhoi series), and the middle class sunk slowly into the lower class with home ownership out of reach for many. \n\nSo, yeah, "oncoming recession" is euphemism for "ongoing and worsening depression."', '13h1xa1'], ['u/dopeboyrico', 24, '2023-05-14 17:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4noyv/', 'Recession means 2 or more consecutive quarters of negative GDP. That’s all it means.\n\nIt doesn’t mean high unemployment, high inflation, deflation, or anything other than 2 or more consecutive quarters of negative GDP. A recession could be accompanied by these other metrics but it doesn’t necessarily need to.\n\nMedia outlets take advantage of financial illiteracy and the fact that most people have no idea what a recession actually is in order to feed people fear porn because it gets clicks and helps them generate ad revenue. I can’t remember the last time media outlets were NOT claiming a recession is right around the corner.\n\nCould there be a recession coming? Sure. Should you let the fear of a recession impact your long-term financial decision making? Absolutely not. Keep enough savings to cover 6 months worth of expenses at any given time in case of emergency. Invest absolutely everything else or prepare to see your purchasing power decimated by consistent monetary debasement.', '13h1xa1'], ['u/xtal_00', 10, '2023-05-14 20:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk5b83b/', 'This is a very astute observation.\n\nGovernments everywhere hired massively and paid people to do nothing. Corporations too.\n\nWe need to make more stuff and and develop more energy resources. Fast.', '13h1xa1']]], ['u/36Taylor36', 'Money Supply Falling Rapidly', 38, '2023-05-14 06:25', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/', " The Money Supply Has Plummeted In The Biggest Drop Since The Great Depression. The last time the year-over-year change in the money supply slipped into negative territory was in November 1994. (Bond crash). \n\n\nMoney supply growth can often be a helpful measure of economic activity and an indicator of coming recessions. During periods of economic boom, money supply tends to grow quickly as commercial banks make more loans. Recessions, on the other hand, tend to be preceded by slowing rates of money supply growth. \n\n\nThe fact that the money supply is shrinking at all is so remarkable because the money supply almost never gets smaller. The money supply has now fallen by $2.2 trillion (or 10.2 percent) since the peak in April 2022. Proportionally, the drop in money supply since 2022 is the largest fall we've seen since the Depression. (Rothbard estimates that in the lead up to the Great Depression, the money supply fell by 12 percent from its peak of $73 billion in mid-1929 to $64 billion at the end of 1932.) \n\n\nThis all points toward rapidly declining economic activity in an economy where real savings and investments have been hollowed out by more than a decade of easy money. Bitcoin has only ever existed in easy money. Easy money, easy gains. ... My below post contains a chart", 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/', '13h2f11', [['u/lmaccaro', 12, '2023-05-14 07:40', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk34qfe/', 'Eh, more like reversion to the mean.\n\nhttps://fred.stlouisfed.org/series/M2SL\n\nM2 is a poor indicator of "money supply" these days anyhow. \n\nYour assignment for this week is to think of all the ways money enters, leaves, gets created, or destroyed, in the US ecosystem, that M2 doesn\'t track.\n\nhttps://fred.stlouisfed.org/series/M2V\n\nVelocity is up which I think is bullish, if anything.', '13h2f11'], ['u/daxtaslapp', 22, '2023-05-14 11:06', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3jbxq/', 'Every day is doomsaday again lol. Thats what gets the views, anyway', '13h2f11'], ['u/Independent-Snow-909', 15, '2023-05-14 12:12', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3nr77/', 'Love your graph. Oooo we increased the money supply by 80% in a couple years then had inflation...no way. Who could have predicted? It better be negative now. 😂', '13h2f11'], ['u/biddilybong', 11, '2023-05-14 13:32', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3tsuu/', 'Bullish for inflation maybe', '13h2f11'], ['u/jessecole', 118, '2023-05-14 13:32', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3tuos/', 'We need the money supply to fall. It’s a deflationary measure to counter all the printing during 2020 and QE. I see it as a good thing.', '13h2f11'], ['u/optimaleverage', 10, '2023-05-14 13:55', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3vs0w/', 'That QT for ya.', '13h2f11'], ['u/tripplebackflip546', 24, '2023-05-14 15:01', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk427ig/', 'Jeez, come on! 2/3 of all the money supply was printed in the last 2-3 years! It MUST fall', '13h2f11'], ['u/dolphan117', 22, '2023-05-14 15:05', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk42nuk/', 'Agreed, but it’s very painful medicine. I got downvoted endlessly during the pandemic for trying to point out that most of pandemic policy was incredibly short sighted and was likely to have very painful long term consequences. \n\nLockdowns destroyed supply chains, enhanced unemployment benefits that ran a good deal longer then they needed to helped keep people out of the workforce for longer, and the fed keeping rates low and buying bonds well after the economy had stabilized and was recovering are all looking like horrible miscalculations now. \n\nAt the time though if you tried to point out the likely long term consequences of any of it you were furiously attacked. I’ve started somewhat believing any policy that’s widely popular on redit is probably a bad idea long term.', '13h2f11'], ['u/dolphan117', 11, '2023-05-14 15:09', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk435cv/', 'This is the thing that blows my mind about the fed and it’s “transitory” designation. How can any reasonably intelligent person who has some grasp of history and economic theory honestly believe that increasing money supply by that much in that short a period of time won’t creat real inflation? \n\nAnd not only believe that it won’t, but even when CPI, Ppi, and every other inflation gauge starts going up in a nearly straight line still looks at it with a serious expression and pretends it’s not real?\n\nThe level of bias that takes is amazing to me.', '13h2f11'], ['u/4rt3m0rl0v', 20, '2023-05-14 15:19', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk445h5/', 'No, this isn’t what it means at all. \n\nWe need the money supply to fall massively to get inflation under control. It was all the money printing that created inflation. 10% is nothing. The money supply went parabolic! 34% more than we had in 2019 was printed. \n\nThe FOMC is simply “rolling off” its balance sheet. It’s selling a massive number of Treasury bonds each month to reduce the money supply. This is deliberate. The other aspect to combating inflation is raising interest rates to slow down the economy. \n\nThis is an absolutely good development. It’s far better than runaway inflation. We need to delete all of the extra money that was printed, not just a meager 10%. \n\nComparing what’s happening now to the Great Depression doesn’t make any sense. The US was unrecognizably different back then. You really need to compare to a post-1945 “modern” period.', '13h2f11'], ['u/harbison215', 24, '2023-05-14 16:11', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk4a82h/', 'This. I’m actually surprised the fed is following through on it. M2 increased by about 8 trillion from 2020 to 2022. We’ve only seen a little more than a trillion back out. I’ve read estimates that the fed was looking to pull back 3 trillion over 3 years.', '13h2f11']]], ['u/AwkwardHamburge', 'Weekly hopium for those that are losing hope:Current state of the Market', 20, '2023-05-14 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2lg7/weekly_hopium_for_those_that_are_losing/', "Okay, I know many of you think that the market might be going to new lows, and alts are prolly gonna lose half their value and more, while most of us are heavily invested at this point. \n\nSo here's the macro state of the market in my opinion: it took a massive black swan event like FTX to bring BTC below 20k, while most people understimate that event, we know nothing of the implications it had as beginners, the more I dig in it, I find that it was such a horrible case of fraud that shaked the sentiment like never before and ruined the liquidity of the market for more than two months (even worse than LUNA), but let's not go into details. Whales saw the great opportunity and snatched all the BTC they can at 16k. That's why we saw that glorious pump to 30k. So now after Saylor went fully degen again, did you really think we'll shoot straight up again. No, it was too obvious, markets aren't in a healthy state for that. So a correction to 26k was actually the best thing to happen.\n\nOne more crucial thing, the narrative that BTC developed with the Banking crisis, although IMHO it's misinterpreted by many, has made the bullish case for BTC much stronger. \n\nSo all in all, I'm not afraid at all personally, I stacked BTC between 16k-20k and have been buying alts like DOT and some small caps like CELR and GLMR aggressively, because I know whats coming. If Alts go further down, I ll buy even more. For god's sake I've been a sitting in stables since January 2022 till December 2022 (Except for a few scalps) exactly to accumulate at these absurdly low levels, I might sell a few tops here and there to buy lower and bring down my average, but I'm not cashing out anytime soon. Keep in mind I'm investing a cap in alts I'm totally ready to lose. But in the case that BTC goes below 17k I'll reconsider my whole plan, to protect my capital.\n\n\nSo don't be fooled by this recent price action, do what you have to do to protect your capital but don't get shaken out at levels where people make real gains. Always expect the unexpected.\n\nBe optimistic guys, Crypto is here to stay, do your research, make a plan according to your situation, but stick around and don't lose hope. This is the stage where people lose hope, not in the deep bear, because here people get tempted by cashing out at minimal loss or gain and sit the crabbing out.\n\nThis is my very biased personal opinion and analysis of sentiment and market state, I included my personal olams to put things in context. \n\nFINANCIAL ADVICE THIS IS NOT*\n\n#stay away from leverage", 'https://www.reddit.com/r/CryptoCurrency/comments/13h2lg7/weekly_hopium_for_those_that_are_losing/', '13h2lg7', [['u/nick83487', 20, '2023-05-14 06:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2lg7/weekly_hopium_for_those_that_are_losing/jk2ziiw/', "I don't see why anyone would lose hope now, if you were going to lose hope, it should have been months ago when things were far worse.", '13h2lg7']]], ['u/SF-USSS', 'AMA on r/Cryptocurrency with the U.S. Secret Service and REACT Task Force - May 15th, 11am PT', 416, '2023-05-14 06:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/', "Greetings r/Cryptocurrency, we are with the U.S. Secret Service’s San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team, better known as REACT.\n\nYou probably know the Secret Service protects the leaders of the United States, but did you know we’re also responsible for safeguarding the nation’s financial infrastructure? In today’s world, that often involves the world of cryptocurrency.\n\nHere in San Francisco, we have a squad dedicated to keeping cryptocurrency and its users safe. We are comprised of Special Agents and Analysts who have embraced the future of money, and we’re eager to share our work with this cryptocurrency community and provide resources and education to help keep your money safe. We’re also eager to learn from you.\n\nHere are a few resources to learn more about what the Secret Service does:\n\n* [Secret Service - Cyber Investigations](https://www.secretservice.gov/investigation/cyber)\n* [Secret Service: Safeguarding the Next Generation Currency (YouTube)](https://www.youtube.com/watch?v=H_B3xLXhXy8)\n\nThe REACT Task Force is a multi-jurisdictional team focused on the investigation of high-tech crimes. REACT works to disrupt criminal networks, identify emerging threats, and assist on cases requiring specialized expertise. In the past 12 months, our team has investigated “Pig Butchering” cryptocurrency thefts and we have recovered millions in stolen funds. We want to share resources and tips on how to protect potential victims from cryptocurrency scammers.\n\nHere are a few resources to learn more about what REACT does:\n\n* [How Pig Butchering Works](https://www.propublica.org/article/whats-a-pig-butchering-scam-heres-how-to-avoid-falling-victim-to-one)\n* [Operation Shamrock](https://cyberscoop.com/erin-west-pig-butchering-cryptocurrency-scams/)\n* [South Bay Tech Crime Team Aids Bust in Big Bitcoin Theft](https://www.mercurynews.com/2021/11/18/canadian-kid-arrested-in-eight-figure-bitcoin-theft-after-investigation-aided-by-south-bay-tech-crime-team/)\n\nHere are some recent cases the USSS and REACT have been involved in:\n\n* [Three Individuals Charged for Alleged Roles in Twitter Hack](https://www.justice.gov/usao-ndca/pr/three-individuals-charged-alleged-roles-twitter-hack)\n* [Cryptocurrency Scam Victim Gets $100k Back](https://www.forbes.com/sites/cyrusfarivar/2022/10/22/cryptocurrency-scam-victim-who-lost-over-1-million-to-get-over-100000-back-prosecutor-says/?sh=745ef10033c2)\n* [Alleged Russian Cryptocurrency Money Launderer Extradited to United States](https://www.secretservice.gov/newsroom/releases/2022/08/alleged-russian-cryptocurrency-money-launderer-extradited-united-states)\n* [Ten Hackers Arrested for String of SIM-Swapping Attacks Against Celebrities](https://www.europol.europa.eu/media-press/newsroom/news/ten-hackers-arrested-for-string-of-sim-swapping-attacks-against-celebrities)\n* [Court Authorized the Seizure of Domains Used in Furtherance of Pig Butchering Schemes](https://www.secretservice.gov/newsroom/releases/2022/11/court-authorizes-seizure-domains-used-furtherance-cryptocurrency-pig)\n* [Bitcoin of America](https://www.secretservice.gov/newsroom/releases/2023/03/three-individuals-and-one-business-indicted-engaging-pattern-corrupt)\n\nYou can expect to see these two accounts on this thread:\n\n* /u/SF-USSS \\- U.S. Secret Service \| Digital Asset Technology Alliance \| San Francisco\n* /u/REACT-TF \\- REACT Task Force \| Santa Clara County District Attorney's Office\n\nVerification: [https://i.imgur.com/7k4VIMD.jpg](https://i.imgur.com/7k4VIMD.jpg)\n\nWe’ll be here answering questions on May 15th from 11am PT until 1pm PT. Please feel free to submit questions in advance, and we’ll do our best to answer as many as possible.\n\nDo you want to put your passion for cryptocurrency or cybersecurity to good use? We’re looking to hire 450 Special Agents this year. For more information visit [www.secretservice.gov/join](https://www.secretservice.gov/join)", 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/', '13h2mar', [['u/ominous_anenome', 41, '2023-05-14 07:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk327j7/', 'Thanks for doing the AMA! \n\nCurious about a few things:\n\n1. In your experience, what are some immediate actions someone should take if they fall victim to a cryptocurrency scam in order to maximize their chances at retrieving the funds?\n\n2. In your post you suggest that members of your team are cryptocurrency enthusiasts. How has your work dealing with scams changed your perception about the space (if at all)? \n\n3. What’s your take on the differences in traditional finance vs. cryptocurrency scams? What would you say to someone who says “cryptocurrency is useless and is only used by scammers or illegal purposes”?', '13h2mar'], ['u/Ethan0307', 14, '2023-05-14 07:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk33ofr/', "I can't even think of questions to ask the secret service, I'm too starstruck", '13h2mar'], ['u/Pooky135790', 11, '2023-05-14 07:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk34e9s/', 'Thank you for doing this AMA, I do have a few questions I would be interested in:\n\n1. How easy is it for the Secret Service to track people through cryptocurrency? Is it really as anonymous as we think it is?\n\n2. What is the governments view on the regulation on crypto? Where is it heading?\n\n3. What is the secret service doing to prevent / catch money laundering through crypto \n\nThank you', '13h2mar'], ['u/MrMoustacheMan', 16, '2023-05-14 07:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk35txm/', 'Appreciate the outreach and interaction with our community, thank you 🙏 \n\nYou mentioned a multi-jurisdictional approach - how often do you collaborate with international authorities?\n\nIs it frustrating to track a criminal network only to find they’re located overseas? Or are there still happy endings when you identify perpetrators of scams who originate outside of the US?', '13h2mar'], ['u/Eluchel', 16, '2023-05-14 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk36r0x/', 'chuckles thought this was a comedy tag at first. \nKinda cool.\n\nHow much do cryptocurrency related crimes that come across your desks differ from traditional finance crimes and how much do solving then differ from each other?', '13h2mar'], ['u/noob_zarathustra', 29, '2023-05-14 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk36s13/', "Do you guys know anything about Satoshi that is not commonly known? And is there any ongoing investigation to uncover the identity of Satoshi?\n\nAlso, was any branch of the US govt involved with any aspect of Bitcoin's development in its early days?", '13h2mar'], ['u/johnnyb0083', 13, '2023-05-14 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk37u5j/', 'Do you have any statistics on which US phone carriers are the most susceptible to SIM swap attacks?', '13h2mar'], ['u/Qptimised', 14, '2023-05-14 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk38dbo/', 'Very much appreciated for this AMA. \n\nWhat is the toughest case to crack so far for the team?', '13h2mar'], ['u/redeyechris', 10, '2023-05-14 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3e62y/', 'Hi, I understand that the cooperation with the European agencies is somehow good but how is it with the Russian and the Chinese ones? Is there any communication at all when it comes to cyber crime?', '13h2mar'], ['u/caco101', 19, '2023-05-14 10:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3gr5t/', 'What does the team think about Monero XMR?', '13h2mar'], ['u/Kindly-Show-7473', 13, '2023-05-14 11:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3izej/', 'I have heard that many exchanges like Coinbase have a list of wallets owned by known bad actors in order to disallow users to send crypto to those wallets. Does REACT work with exchanges to help identify these wallets owned by bad actors?', '13h2mar'], ['u/jbtravel84', 29, '2023-05-14 12:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3n0hh/', 'Hello! Thanks for doing this AMA and providing clarity. Couple questions for me.\n\nIs there a certain amount in cryptocurrency lost that becomes your threshold before taking on the case?\n\nLastly, what are your thoughts on agencies that promise to recover funds for a % of funds + upfront fee and so called “crypto bounty hunters”?', '13h2mar'], ['u/cakeovercookies', 13, '2023-05-14 12:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3ofmc/', 'Thanks for doing the AMA. Question is with pure scams in the token industry. How come, we haven’t seen enforcement against what I would call the low hanging fruit for example hybrid block run by former winter olympic apollo ohno. They ripped off $50 million and got away with it and nothing comes of anything with scams that we as a community can blantly see. \n\nThis is just one reference of literally hundreds if not thousands of crypto scams that not a single agency has touched, and if the tokens are securities, then how come enforcement hasnt been done against the pure scam?\n\n[article on hybrid token](https://dirty.fund/allysian-sciences-execs-sued-for-50-million-in-crypto-fraud/)', '13h2mar'], ['u/rjm101', 34, '2023-05-14 12:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3oqjj/', "What is being done with regards to Celsius Network with approximately 300,000 people's savings lost as a result. As per the examiners report there are ~7000 missing transactions between their UK to US company that needs a full investigation. The CEO Alex Mashinsky lied about how Celsius handled deposits, who has ownership when held in Celsius and lied about this so called overcollaterlised lending therefore severely understating the risk. It was also revealed that Celsius was not in fact paying out 80% of interest to users as advertised but rather depending on more deposits than withdrawals effectively making it a Ponzi. In addition Celsius Networks former CFO Yaron Shalem was arrested in connection to money laundering at his previous firm Singulariteam.\n\nTDLR: billions lost + missing transactions + thousands of harmed US citizens + money laundering connections + ponzi like operation + countless misrepresentations \xa0🚩\xa0🚩🚩", '13h2mar'], ['u/CryptoRevolutionGuy', 50, '2023-05-14 12:37', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3pivh/', 'Please look into safemoon and the fraud john karony. Millions in usd stolen.', '13h2mar'], ['u/griswaldwaldwald', 23, '2023-05-14 12:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3qrpk/', 'How exactly do you confiscate crypto? Do you beat the private keys out of people?', '13h2mar'], ['u/ice_blade_sorc', 14, '2023-05-14 13:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3s8ut/', "If you're a secret service, then an AMA wouldn't make you secret anymore right?", '13h2mar'], ['u/jimfird', 10, '2023-05-14 13:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3tjed/', 'Ten awards on a comment that is one hour old? No other comment have any awards at all. Seems very sus, not saying it’s not a valid question but seems like heavy manipulation.', '13h2mar'], ['u/bennn30', 13, '2023-05-14 13:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3tmzk/', 'I can appreciate reaching out and having some dialogue. Thank you for the upcoming opportunity', '13h2mar'], ['u/89Hopper', 15, '2023-05-14 13:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3tya9/', 'Are you a cop? You legally have to say if you are a cop!', '13h2mar'], ['u/SupportWaste9161', 12, '2023-05-14 13:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3uhqt/', 'Why are US lawmakers allowing us to be left behind and therefore miss out on the innovation and prosperity that cryptocurrency development would bring?', '13h2mar'], ['u/giddyup281', 10, '2023-05-14 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3vfuc/', 'Well this is going exactly as expected...', '13h2mar'], ['u/midlifcrissis', 21, '2023-05-14 15:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk43kms/', 'If you want to get the scammers, open a twitter account and join a crypto community then ask for help the 87 replies you get in 30 seconds are a scammer! Start there', '13h2mar'], ['u/jml3837', 12, '2023-05-14 15:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4862h/', 'Has the Secret Service looked in what went on at Celsius? There seems to be a lot of evidence of scams and outright fraud. Surely, Alex Machinsky and his wife can’t simply steal user deposits and spend it how they please.', '13h2mar'], ['u/StrangeInsight', 13, '2023-05-14 16:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4biax/', "Has tracking crime on chain been meaningfully different in any distinct way? I'd imagine its sophisticated nature would lead to a unique class of actors; has the threat level been profiled to be different from that of a more typical crime committed in USD? \n\nHow do you go about divining the individual criminal behind the Digital Wallet? Aside from subpoenaing the Exchange offramp, and trusting that the KYC hasn't been corrupted by a malicious actor?\n\nThanks for coming by the Sub and hanging out. Be safe out there!", '13h2mar'], ['u/masstransience', 13, '2023-05-14 17:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4gghj/', 'What’s the best security recommendation you have for someone holding crypto?', '13h2mar'], ['u/diarpiiiii', 27, '2023-05-14 17:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4hz3n/', 'What’s your stance on Monero? Is it seen as a threat by your organizations?', '13h2mar'], ['u/Lilca87', 26, '2023-05-14 17:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4l2e0/', 'Please look into SafeMoon. U/TNGsystems has all the evidence you need.', '13h2mar'], ['u/Fatgorillaz', 10, '2023-05-14 17:46', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4mhhd/', "Awesome that you would do this! \nDoes you agency (as a general view, I'm sure there are differing opinions) see crypto as the next big thing that has some bad actors that need to be investigated. Or as a nuisance that needs to be cracked down on and eliminated? \n\nI'm sure this is a spectrum so feel free to elaborate please.", '13h2mar'], ['u/iBilbo69', 10, '2023-05-14 18:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4pzh1/', "Curious if your agents have any requirements about holding personal crypto portfolios. Difficult ground if you'd have insider info from investigations.", '13h2mar'], ['u/andymill20', 13, '2023-05-14 18:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4rrop/', 'Does the USSS have a dive team to recover all of the Monero that got lost in unfortunate boating accidents?', '13h2mar'], ['u/tbandtg', 17, '2023-05-14 18:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4vpph/', 'I would like to see Safemoon investigated for fraud.', '13h2mar'], ['u/ominous_anenome', 14, '2023-05-14 19:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4yxvw/', 'What are the typical backgrounds of people on your team in terms of prior cryptocurrency experience, technical expertise, and educational background?', '13h2mar'], ['u/Legitimate-Finger-19', 10, '2023-05-14 23:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk5x50r/', 'How is printing stablecoins like Tether not seen as counterfeiting?', '13h2mar']]], ['u/NoPomegranate2840', 'shit is one bossy btch 😭', 35, '2023-05-14 06:42', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/', 'i’ve never watched her live before but in the 5 minutes i’ve been on it, she has bossed trevon around the ennnntire time lmfao\n\nshe made him get her drink out the fridge, then she told him to get the dogs inside AND THEN she asked him to throw her boba away when she was done with it 💀\n (he was sitting with her everytime she asked for something 😭😭)\n\nidk ab y’all but i never ask my friends to do things for me at my own house lol. especially asking them to get me drinks & throw shit away.', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/', '13h2r6o', [['u/[deleted]', 16, '2023-05-14 06:46', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk30e06/', 'She’s always treated him like a little servant. It’s disgusting and sad actually lol', '13h2r6o'], ['u/sabruuuh', 22, '2023-05-14 09:31', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk3cwac/', 'I don’t feel bad for him one bit. People have pointed out that he is treated poorly and he has a whole asshole(😂) of excuses defending the way she treats him.', '13h2r6o'], ['u/shimmersugaa', 10, '2023-05-14 09:56', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk3ekgo/', "she's so mean to him i don't get it", '13h2r6o'], ['u/True_Philosopher_509', 13, '2023-05-14 14:29', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk3z0n2/', 'Massa’s racist side is showing hella hard.', '13h2r6o']]], ['u/HappyAndVegan', 'I bought bitcoin at 1$, sold at 10$ and couldn’t be happier', 101, '2023-05-14 07:59', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/', 'I was around 18 back then, day traded and invested in bitcointalk.com businesses (scams). I lost 90% of the money, a year of my life (glued to my smartphone), but then recouped all the losses thanks to increased exchange rate and got out.\n\nNow I run my own business and understand the value of hard work over gambling. So I guess something good can come out of crypto after all 😂\n\nJust thought I’d share because cryptobros often fantasize about getting in early. Even if I did get rich off bitcoin I’d still be a naive looser and money would run out sooner or later. Now I’m an employer and provide actual physical products that help people. I never think of the coins I had except for how valuable lesson that fiasco taught me.\n\nAnyone here has a similar experience?', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/', '13h446e', [['u/HappyAndVegan', 39, '2023-05-14 08:03', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/jk36i3b/', 'For comedic effect I’m gonna disclose one the bitcointalk “stocks” I bought was part of a solar panel for some dude in the Netherlands who was supposed to slowly pay back dividends thanks to energy costs he saved 😂\n\nRest was obviously a typical ponzi.', '13h446e'], ['u/leducdeguise', 12, '2023-05-14 13:31', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/jk3trxk/', '> Once a loser always a loser I guess\n\nTalking from experience?', '13h446e'], ['u/KolyaVolk', 12, '2023-05-14 14:07', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/jk3wwdy/', "Somewhat similar. I bought BTC at about $10 on Sealswithclubs which was a BTC poker site that popped up a few years after UIGEA had crushed online poker.\n\nAnyway there was a collective lobby chat and I remember speculation about what would happen after the halvening at the time, people saying BTC might even go all the way up to $20!!\n\nAnyway, I played for a couple months, then stopped, sold my BTC at like $25? I forget..Made a few hundred bucks and forgot about it until things hit the mainstream. Happily married with a baby, good career, but obviously I've thought about what if.", '13h446e']]], ['u/rBitcoinMod', 'Daily Discussion, May 14, 2023', 42, '2023-05-14 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13g8z1d/daily_discussion_may_13_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/', '13h46m7', [['u/connell83', 18, '2023-05-14 11:58', 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/jk3mthe/', 'Thanks for your random guess.', '13h46m7'], ['u/nassauboy9', 10, '2023-05-14 23:04', 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/jk5uafv/', "Well, I think there are people here with multiple purposes.\n\n1. Yes there are those looking at it as an investment (get rich)\n2. There are those looking at safe storage of money (as an asset that can't be confiscated)\n3. Then there are those that just want a protection agains inflation (preservation) \n\n\nMyself Im in it for all three. My MAIN one being #2, although I do not mind making a few bucks on the way up #1, and have sold for the purpose of diversifying into an income producing asset as well.\n\n\n\nAs time goes on (mainly the intro of the CBDC's happens - and the government starts wielding the control of a CDBC) people will start to realize the benefit of what I term digital gold (which I also hold physically)", '13h46m7']]], ['u/StarTrekVeteran', 'Binance - Crazy transfer fees - Which network to use', 10, '2023-05-14 08:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/', 'Hi All,\n\nNew to crypto so not a trader - DCA was the way to go. \n\nSo I did my usual split between BTC and ETH on Binance (really safe play) and then went to transfer to my ledger - not your keys ... etc\n\nThe network that Binance comes up when I copy in the wallet address is Bitcoin which will charge me 0.001 BTC. This makes DCA unviable as its 50% of my monthly DCA amount! \nOn Binance, I can switch to the BNB Smart Chain (BEP20) network which will only charge me 0.00000039 BTC.\n\nI was planning to do a test transmission before sending full amount. Before I start throwing BTC around does anyone have any advice?', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/', '13h4ync', [['u/Florian995', 11, '2023-05-14 08:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/jk3a4rv/', 'Don’t send on the BNB chain. You will get a wrapped Bitcoin. The Bitcoin fees are super high right nord. because of Ordinals. Just wait a month or so. I was always paying like $3 on Binance', '13h4ync'], ['u/alterise', 10, '2023-05-14 09:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/jk3doei/', 'The “wrapped” BTC you get on BNB chain isn’t even WBTC* but Binance’s self-issued BTCB.\n\nThis is almost as good as not withdrawing your BTC from binance at all since BTCB’s peg is guaranteed by them - if binance happens to fail for whatever reason, BTCB will lose its value.\n\nAlways hodl your coins on their native chains. Binance has recently said that they’ll be supporting bitcoin’s lightning network so there’s that to look forward to.\n\nWBTC or wrapped BTC is independently issued on Ethereum by a [consortium of DAOs and merchants](https://wbtc.network).', '13h4ync']]], ['u/middlemangv', 'There is something special behind the idea of owning 1 BTC', 140, '2023-05-14 11:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13h7nov/there_is_something_special_behind_the_idea_of/', 'It is a milestone for a lot of people and it really is a big chunk of money. Especially if you are living in a country that has lower life standards and think about owning 1 BTC and then BTC reaching new ATH.\n\nThere is something behind the idea of owning 1 BTC. THere will always and forever be 21 million of BTC, couple of million are already lost, burned, or lost. And the dream is to have 1, full, round BTC.\n\nWhen I think about it, there is nothing so special having one round number - 1 BTC. But I was reading an article yesterday that was posted on this sub about million addresses having 1 BTC, and that is a milliona... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin was trading over $27K to recover some lost ground from its plunge last week.\nInsights:The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins.\nCoinDesk Market Index (CMI)\n1,158\n+8.4▲0.7%\nBitcoin (BTC)\n$27,165\n+433.8▲1.6%\nEthereum (ETH)\n$1,820\n+23.6▲1.3%\nS&P 500\n4,124.08\n−6.5▼0.2%\nGold\n$2,020\n+5.4▲0.3%\nNikkei 225\n29,388.30\n+261.6▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,158", "+8.4\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,165", "+433.8\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,820", "+23.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,124.08", "\\u22126.5\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,388.30", "+261.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nHopeful Signs for BTC at $27K\nAfter seven days of plunging prices, bitcoin steadied.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties.\n"Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we\'re seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV\'s "First Mover" program on Friday.\n"When there\'s less liquidity, you\'re going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto."\nEther, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was up 0.8%.\nLeading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively.\n"Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I\'m happy to see the correlation fall between traditional risk assets, traditional equities and crypto."\nIn an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive."\nThis week, DiPasquale is looking for bitcoin\'s price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again."\n"We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Does the Recent Stablecoin Supply Ratio Mean for Bitcoin?\nThe Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin.\nThe metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself.\nA higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing.\nThe recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices.\n3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting\n4:30 p.m. HKT/SGT(8:30 UTC)Bank of England Monetary Policy Report Hearings\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Industrial Production s.a. (MoM/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail\nBitcoin (BTC) continued to lose ground in the wake of CoinDesk\'s Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform\'s plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation.\nBinance Announces Exit from Canada, Citing Regulatory Tensions:The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.\nEthereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours:When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven\'t determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty.\nAmong Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s:Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.\nMakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token:Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.\nHouse Democrats Consider New Stablecoin Bill Proposal, Source:The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was trading over $27K to recover some lost ground from its plunge last week.\nInsights:The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins.\nCoinDesk Market Index (CMI)\n1,158\n+8.4▲0.7%\nBitcoin (BTC)\n$27,165\n+433.8▲1.6%\nEthereum (ETH)\n$1,820\n+23.6▲1.3%\nS&P 500\n4,124.08\n−6.5▼0.2%\nGold\n$2,020\n+5.4▲0.3%\nNikkei 225\n29,388.30\n+261.6▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,158", "+8.4\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,165", "+433.8\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,820", "+23.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,124.08", "\\u22126.5\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,388.30", "+261.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nHopeful Signs for BTC at $27K\nAfter seven days of plunging prices, bitcoin steadied.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties.\n"Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we\'re seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV\'s "First Mover" program on Friday.\n"When there\'s less liquidity, you\'re going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto."\nEther, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was up 0.8%.\nLeading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively.\n"Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I\'m happy to see the correlation fall between traditional risk assets, traditional equities and crypto."\nIn an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive."\nThis week, DiPasquale is looking for bitcoin\'s price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again."\n"We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Does the Recent Stablecoin Supply Ratio Mean for Bitcoin?\nThe Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin.\nThe metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself.\nA higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing.\nThe recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices.\n3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting\n4:30 p.m. HKT/SGT(8:30 UTC)Bank of England Monetary Policy Report Hearings\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Industrial Production s.a. (MoM/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail\nBitcoin (BTC) continued to lose ground in the wake of CoinDesk\'s Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform\'s plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation.\nBinance Announces Exit from Canada, Citing Regulatory Tensions:The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.\nEthereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours:When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven\'t determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty.\nAmong Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s:Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.\nMakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token:Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.\nHouse Democrats Consider New Stablecoin Bill Proposal, Source:The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.', 'Good morning. Here’s what’s happening: Prices: Bitcoin was trading over $27K to recover some lost ground from its plunge last week. Insights: The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins. Prices CoinDesk Market Index (CMI) 1,158 +8.4 ▲ 0.7% Bitcoin (BTC) $27,165 +433.8 ▲ 1.6% Ethereum (ETH) $1,820 +23.6 ▲ 1.3% S&P 500 4,124.08 −6.5 ▼ 0.2% Gold $2,020 +5.4 ▲ 0.3% Nikkei 225 29,388.30 +261.6 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,158 +8.4 ▲ 0.7% Bitcoin (BTC) $27,165 +433.8 ▲ 1.6% Ethereum (ETH) $1,820 +23.6 ▲ 1.3% S&P 500 4,124.08 −6.5 ▼ 0.2% Gold $2,020 +5.4 ▲ 0.3% Nikkei 225 29,388.30 +261.6 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Hopeful Signs for BTC at $27K After seven days of plunging prices, bitcoin steadied. The largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties. "Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we\'re seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV\'s "First Mover" program on Friday. "When there\'s less liquidity, you\'re going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto." Ether, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. The CoinDesk Market Index , a measure of the crypto market\'s performance, was up 0.8%. Story continues Leading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively. "Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I\'m happy to see the correlation fall between traditional risk assets, traditional equities and crypto." In an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive." This week, DiPasquale is looking for bitcoin\'s price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again." "We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +5.3% Entertainment Terra LUNA +3.7% Smart Contract Platform Cardano ADA +2.4% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −0.5% Smart Contract Platform Insights What Does the Recent Stablecoin Supply Ratio Mean for Bitcoin? The Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin. Stablecoin Supply Ratio (Glassnode) The metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself. A higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing. The recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices. Important events. 3:00 p.m. HKT/SGT(7:00 UTC) Eurogroup Meeting 4:30 p.m. HKT/SGT(8:30 UTC) Bank of England Monetary Policy Report Hearings 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Industrial Production s.a. (MoM/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail Bitcoin (BTC) continued to lose ground in the wake of CoinDesk\'s Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform\'s plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation. Headlines Binance Announces Exit from Canada, Citing Regulatory Tensions : The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours : When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven\'t determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty. Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s : Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now. MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token : Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance. House Democrats Consider New Stablecoin Bill Proposal, Source : The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.', 'Jackson WY --News Direct-- 500NewsWire Jackson WY, May 14, 2023 ( 500NewsWire ) – Rebel Mining Company is pleased to announce the appointment of David Branscum as Chief Commercial Officer. In this role, David will be responsible for sales operations, marketing, and business development. David brings over 20 years of experience in corporate sales experience, and is well known in the Bitcoin Mining space for his expertise in immersion cooling. Prior to joining Rebel, David founded Hydropod, an immersion cooling consultant firm, deploying 24 MW of immersion, and 5 MW of system repair and optimization. "We are very excited to have David on our team," said Neil Galloway, COO. "With his expertise and reputation in the mining space, we are confident that David will be a valuable contributor to the future of Rebel." David Branscum has a fine art degree from Abilene Christian University. In his free time, enjoys art, guitar, and mining Bitcoin. About Rebel Mining: "Rebel Mining is the type of organization that this market desperately needs," said Branscum. "Their professionalism and operational acumen are unmatched in this space. They\'ve done an incredible amount of building in a challenging market, and I look forward to helping them add to an already impressive track record." For more information about Rebel Mining, please visit rebelmines.io or call (307)284-5698 or email [email protected] Contact Details Rebel Mining, 680 S. Cache St., Suite 100-8790 Jackson, WY 83001 +1 307-284-5698 [email protected] Company Website https://www.rebelmines.io/ View source version on newsdirect.com: https://newsdirect.com/news/rebel-mining-company-names-david-branscum-as-chief-commercial-officer-962937150', 'Jackson WY --News Direct-- 500NewsWire Jackson WY, May 14, 2023 ( 500NewsWire ) – Rebel Mining Company is pleased to announce the appointment of David Branscum as Chief Commercial Officer. In this role, David will be responsible for sales operations, marketing, and business development. David brings over 20 years of experience in corporate sales experience, and is well known in the Bitcoin Mining space for his expertise in immersion cooling. Prior to joining Rebel, David founded Hydropod, an immersion cooling consultant firm, deploying 24 MW of immersion, and 5 MW of system repair and optimization. "We are very excited to have David on our team," said Neil Galloway, COO. "With his expertise and reputation in the mining space, we are confident that David will be a valuable contributor to the future of Rebel." David Branscum has a fine art degree from Abilene Christian University. In his free time, enjoys art, guitar, and mining Bitcoin. About Rebel Mining: "Rebel Mining is the type of organization that this market desperately needs," said Branscum. "Their professionalism and operational acumen are unmatched in this space. They\'ve done an incredible amount of building in a challenging market, and I look forward to helping them add to an already impressive track record." For more information about Rebel Mining, please visit rebelmines.io or call (307)284-5698 or email [email protected] Contact Details Rebel Mining, 680 S. Cache St., Suite 100-8790 Jackson, WY 83001 +1 307-284-5698 [email protected] Company Website https://www.rebelmines.io/ View source version on newsdirect.com: https://newsdirect.com/news/rebel-mining-company-names-david-branscum-as-chief-commercial-officer-962937150', 'Bitcoin prices rose on Monday morning in Asia to above US$27,000 amid higher transaction fees due to congestion on the network. Ether managed to rise above the US$1,800 support level while its blockchain developers say they have added updates to fix what caused last week\x92s performance issues. Litecoin led the gainers amongst other top 10 non-stable coin cryptocurrencies. U.S. equity futures edged down on Friday as U.S. investors fear a possible debt default. See related article: Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain Bitcoin, Ether edges up from weekly losses Image: Envato Elements Bitcoin gained 1.15% to US$27,010 in the 24 hours to 9:30 a.m. in Hong Kong, according to CoinMarketCap data. It posted a weekly loss of 5.18%. Over the weekend, the world\x92s largest cryptocurrency recorded a 2-month low, falling to US$25,964 on Saturday. The token has been experiencing network congestion with the popularity of Bitcoin Ordinals and new BRC-20 memecoins Pepe and Floki, driving up transaction costs. Ether edged up 0.69% to US$1,809, maintaining the key US$1,800 support level, but down\xa0 3.54% over the past seven days. The Ethereum blockchain experienced technical issues twice on May 11 and 12 that caused the network to halt finalizing blocks, concerning users of the blockchain\x92s performance stability. On Saturday, Ethereum blockchain consultant Superphiz said on Twitter that the issue \x97 which \x93appears to have been caused by a high load on some Consensus Layers clients, which in turn was caused by an exceptional scenario\x93 \x97 had been resolved. Ethereum developers deployed updates in response to the tech problem, Superphiz confirmed. All other top 10 non-stablecoin cryptocurrencies traded higher on Monday morning. Litecoin led the gains, adding 3.97% to US$83.50. The Bitcoin-like cryptocurrency faced a surge in interest due to the higher transaction fees affecting the world\x92s most dominant digital currency. Litecoin is also having its quadrennial block halving event on Aug. 3. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher. The total crypto market capitalization rose 0.43% in the past 24 hours to US$1.13 trillion. The total trading volume dropped 3.02% to US$22.07 billion. NFT index rises, Bitcoin Ordinals post highest sales The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.97% to 3,342.85 points in the 24 hours to 12:30 p.m. in Hong Kong, but is down 5.10% for the week. Story continues NFT sales on the Ethereum blockchain fell 15.52% in the past 24 hours to US$12.74 million, according to Cryptoslam data. However, NFT buyers on the Ethereum blockchain totaled 53,417 in the past seven days \x97 a 188.55% increase from the previous week. With the continuing rise in popularity of Bitcoin Ordinals \x97 a type of NFT that are inscribed on individual satoshis, the smallest unit of Bitcoin \x97 Bitcoin placed second on Cryptoslam\x92s blockchain ranking by NFT sales volume. That was an 80% rise taking the total to US$2.11 million. \x93NFTs on the OG blockchain were red hot,\x94 said Yehudah Petscher, an NFT strategist at Forkast Labs. As a result, he added, \x93the Bitcoin ecosystem seems to be in \x91up only\x92 mode right now, and when that will end, nobody knows.\x94 Ordinals also had the highest sales in the past seven days among NFT collections, jumping 459.16% to US$15.5 million. Binance NFT marketplace announced on May 9 that it plans to support the Bitcoin-based NFTs later this month. U.S. equity futures dip on default fears U.S. Secretary of the Treasury Janet Yellen \| Image: Getty Images U.S. stock futures traded flat to lower as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.039%. The S&P 500 futures fell 0.042%, while the Nasdaq Composite futures lost 0.078%. The three U.S. indexes fell in regular trading on Friday as concerns remain about liquidity at regional banks and delays in talks to raise the debt ceiling. Treasury Secretary Janet Yellen said earlier in May that the Treasury will start to fail to meet U.S. payment obligations as early as June 1. Faster action is needed by Congress to avoid that scenario, she said.. But with an agreement yet to be reached, concern that the crisis could lead to a debt default is affecting general investor sentiment. During last week\x92s Group of Seven finance ministers meeting in Japan, Yellen said that a U.S. default would spark an \x93economic and financial catastrophe\x94 that will trigger a \x93global economic downturn.\x94 Yellen plans to update Congress on just how close the country is to defaulting on its financial obligations in the next two weeks, Bloomberg reported Saturday. Meanwhile, President Joe Biden and congressional leaders are scheduled to gather this week to discuss the forthcoming \x93X date,\x94 or when the government may go into default. On June 14, the Federal Reserve will decide its next move on interest rates. The rate of between 5 and 5.25% is the highest since 2006. The CME FedWatch Tool predicts a 84.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 15.5% chance for another 25 basis-point rate hike, up from 3.9% on Friday. View comments', 'Bitcoin prices rose on Monday morning in Asia to above US$27,000 amid higher transaction fees due to congestion on the network. Ether managed to rise above the US$1,800 support level while its blockchain developers say they have added updates to fix what caused last week’s performance issues. Litecoin led the gainers amongst other top 10 non-stable coin cryptocurrencies. U.S. equity futures edged down on Friday as U.S. investors fear a possible debt default.\nSee related article:Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain\nBitcoin gained 1.15% to US$27,010 in the 24 hours to 9:30 a.m. in Hong Kong, according to CoinMarketCap data. It posted a weekly loss of 5.18%.\nOver the weekend, the world’s largest cryptocurrency recorded a 2-month low, falling to US$25,964 on Saturday. The token has been experiencing network congestion with the popularity of Bitcoin Ordinals and new BRC-20memecoinsPepe and Floki, driving up transaction costs.\nEther edged up 0.69% to US$1,809, maintaining the key US$1,800 support level, but down\xa0 3.54% over the past seven days.\nThe Ethereum blockchain experiencedtechnical issuestwice on May 11 and 12 that caused the network to halt finalizing blocks, concerning users of the blockchain’s performance stability.\nOn Saturday, Ethereum blockchain consultant Superphizsaidon Twitter that the issue — which “appears to have been caused by a high load on some Consensus Layers clients, which in turn was caused by an exceptional scenario“ — had been resolved.\nEthereum developers deployed updates in response to the tech problem, Superphiz confirmed.\nAll other top 10 non-stablecoin cryptocurrencies traded higher on Monday morning. Litecoin led the gains, adding 3.97% to US$83.50. The Bitcoin-like cryptocurrency faced asurgein interest due to the higher transaction fees affecting the world’s most dominant digital currency.\nLitecoin is also having its quadrennial block halving event on Aug. 3. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher.\nThe total crypto market capitalization rose 0.43% in the past 24 hours to US$1.13 trillion. The total trading volume dropped 3.02% to US$22.07 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.97% to 3,342.85 points in the 24 hours to 12:30 p.m. in Hong Kong, but is down 5.10% for the week.\nNFT sales on the Ethereum blockchain fell 15.52% in the past 24 hours to US$12.74 million, according toCryptoslamdata. However, NFT buyers on the Ethereum blockchain totaled 53,417 in the past seven days — a 188.55% increase from the previous week.\nWith the continuing rise in popularity of Bitcoin Ordinals — a type of NFT that are inscribed on individual satoshis, the smallest unit of Bitcoin — Bitcoin placed second on Cryptoslam’s blockchain ranking by NFT sales volume. That was an 80% rise taking the total to US$2.11 million.\n“NFTs on the OG blockchain were red hot,” said Yehudah Petscher, an NFT strategist at Forkast Labs. As a result, he added, “the Bitcoin ecosystem seems to be in ‘up only’ mode right now, and when that will end, nobody knows.”\nOrdinals also had the highest sales in the past seven days among NFT collections, jumping 459.16% to US$15.5 million. Binance NFT marketplaceannouncedon May 9 that it plans to support the Bitcoin-based NFTs later this month.\nU.S. stock futures traded flat to lower as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.039%. The S&P 500 futures fell 0.042%, while the Nasdaq Composite futures lost 0.078%. The three U.S. indexes fell in regular trading on Friday as concerns remain about liquidity at regional banks and delays in talks to raise the debt ceiling.\nTreasury Secretary Janet Yellensaidearlier in May that the Treasury will start to fail to meet U.S. payment obligations as early as June 1. Faster action is needed by Congress to avoid that scenario, she said.. But with an agreement yet to be reached, concern that the crisis could lead to a debt default is affecting general investor sentiment.\nDuring last week’s Group of Seven finance ministers meeting in Japan, Yellen said that a U.S. default would spark an “economic and financial catastrophe” that will trigger a “global economic downturn.”\nYellen plans to update Congress on just how close the country is to defaulting on its financial obligations in the next two weeks,Bloombergreported Saturday.\nMeanwhile, President Joe Biden and congressional leaders are scheduled to gather this week to discuss the forthcoming “X date,” or when the government may go into default.\nOn June 14, the Federal Reserve will decide its next move on interest rates. The rate of between 5 and 5.25% is the highest since 2006. TheCME FedWatchTool predicts a 84.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 15.5% chance for another 25 basis-point rate hike, up from 3.9% on Friday.', 'Bitcoin prices rose on Monday morning in Asia to above US$27,000 amid higher transaction fees due to congestion on the network. Ether managed to rise above the US$1,800 support level while its blockchain developers say they have added updates to fix what caused last week’s performance issues. Litecoin led the gainers amongst other top 10 non-stable coin cryptocurrencies. U.S. equity futures edged down on Friday as U.S. investors fear a possible debt default.\nSee related article:Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain\nBitcoin gained 1.15% to US$27,010 in the 24 hours to 9:30 a.m. in Hong Kong, according to CoinMarketCap data. It posted a weekly loss of 5.18%.\nOver the weekend, the world’s largest cryptocurrency recorded a 2-month low, falling to US$25,964 on Saturday. The token has been experiencing network congestion with the popularity of Bitcoin Ordinals and new BRC-20memecoinsPepe and Floki, driving up transaction costs.\nEther edged up 0.69% to US$1,809, maintaining the key US$1,800 support level, but down\xa0 3.54% over the past seven days.\nThe Ethereum blockchain experiencedtechnical issuestwice on May 11 and 12 that caused the network to halt finalizing blocks, concerning users of the blockchain’s performance stability.\nOn Saturday, Ethereum blockchain consultant Superphizsaidon Twitter that the issue — which “appears to have been caused by a high load on some Consensus Layers clients, which in turn was caused by an exceptional scenario“ — had been resolved.\nEthereum developers deployed updates in response to the tech problem, Superphiz confirmed.\nAll other top 10 non-stablecoin cryptocurrencies traded higher on Monday morning. Litecoin led the gains, adding 3.97% to US$83.50. The Bitcoin-like cryptocurrency faced asurgein interest due to the higher transaction fees affecting the world’s most dominant digital currency.\nLitecoin is also having its quadrennial block halving event on Aug. 3. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher.\nThe total crypto market capitalization rose 0.43% in the past 24 hours to US$1.13 trillion. The total trading volume dropped 3.02% to US$22.07 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.97% to 3,342.85 points in the 24 hours to 12:30 p.m. in Hong Kong, but is down 5.10% for the week.\nNFT sales on the Ethereum blockchain fell 15.52% in the past 24 hours to US$12.74 million, according toCryptoslamdata. However, NFT buyers on the Ethereum blockchain totaled 53,417 in the past seven days — a 188.55% increase from the previous week.\nWith the continuing rise in popularity of Bitcoin Ordinals — a type of NFT that are inscribed on individual satoshis, the smallest unit of Bitcoin — Bitcoin placed second on Cryptoslam’s blockchain ranking by NFT sales volume. That was an 80% rise taking the total to US$2.11 million.\n“NFTs on the OG blockchain were red hot,” said Yehudah Petscher, an NFT strategist at Forkast Labs. As a result, he added, “the Bitcoin ecosystem seems to be in ‘up only’ mode right now, and when that will end, nobody knows.”\nOrdinals also had the highest sales in the past seven days among NFT collections, jumping 459.16% to US$15.5 million. Binance NFT marketplaceannouncedon May 9 that it plans to support the Bitcoin-based NFTs later this month.\nU.S. stock futures traded flat to lower as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.039%. The S&P 500 futures fell 0.042%, while the Nasdaq Composite futures lost 0.078%. The three U.S. indexes fell in regular trading on Friday as concerns remain about liquidity at regional banks and delays in talks to raise the debt ceiling.\nTreasury Secretary Janet Yellensaidearlier in May that the Treasury will start to fail to meet U.S. payment obligations as early as June 1. Faster action is needed by Congress to avoid that scenario, she said.. But with an agreement yet to be reached, concern that the crisis could lead to a debt default is affecting general investor sentiment.\nDuring last week’s Group of Seven finance ministers meeting in Japan, Yellen said that a U.S. default would spark an “economic and financial catastrophe” that will trigger a “global economic downturn.”\nYellen plans to update Congress on just how close the country is to defaulting on its financial obligations in the next two weeks,Bloombergreported Saturday.\nMeanwhile, President Joe Biden and congressional leaders are scheduled to gather this week to discuss the forthcoming “X date,” or when the government may go into default.\nOn June 14, the Federal Reserve will decide its next move on interest rates. The rate of between 5 and 5.25% is the highest since 2006. TheCME FedWatchTool predicts a 84.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 15.5% chance for another 25 basis-point rate hike, up from 3.9% on Friday.', 'South Korea is preparing regulations for digital assets, including cryptocurrency trading, which will set the country’s framework for supervising the developing and often volatile industry. But behind the scenes is a fight for power between the financial authorities.\nThe Financial Services Commission, the financial regulator known as the FSC, oversees the local cryptocurrency market and industry, but thecentral bank last month saidit wants the authority to demand access to data at cryptocurrency platforms.\nThe squabble surfaced again on April 25 when bank and FSC representatives and lawmakers met at the National Assembly to discuss the cryptocurrency regulation bill, according to theofficial transcriptof the meeting. FSC vice chairman Kim So-young said at the meeting the central bank’s right to data should not include cryptocurrencies, arguing that the tokens are currently not widely used for payments.\nBank of Korea Deputy Governor Lee Jong-ryeol was also at the meeting and disagreed.\n“Due to the significant impact of the cryptocurrency market on the financial system, it is necessary to require cryptocurrency operators to submit documents to identify the impact on the conduct of monetary and credit policy, financial stability, and the payment and settlement system,” he said.\nThe FSC finally agreed to the central bank’s request for it to have access to data from crypto companies written into the upcoming legislation, saying it wants to accelerate the process for building a legal framework for cryptocurrencies. However, the dispute may well re-appear, said crypto industry officials.\nSee related article:Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain\nThe central bank may have a point, according to data in aMarch 2023 report by Statista.\nSouth Korea has seen successive waves of what the report calls “cryptocurrency fever,” adding that around 10% of South Korea’s population of about 52 million people were invested in cryptocurrencies when Bitcoin hit a record high in 2021.\nThe country is one of the world’s biggest cryptocurrency markets, according to the Statista report, which said the country’s exchanges accounted for more than 9% of global crypto trading volume in August 2021.\nFurther, on May 19, 2021, the daily trading volume of cryptocurrencies on South Korean exchanges reached 23.7 trillion South Korean won (US$17.7 billion) or more than the value of equities traded on the country’s stock market, according to the report.\nWhile crypto prices fell sharply in 2022 amid a series of project failures – including the US$40 billion collapse of the South Korean Terra-Luna stablecoin followed by the FTX exchange – the central bank is concerned about the future.\n“The Bank of Korea wants to monitor any instances where a cryptocurrency company could undermine the stability of payment or financial systems,” said Park Sun-young, professor of economics at Seoul-based Dongguk University via email on Wednesday.\nThe central bank also reasoned in anApril reportthat stablecoins, a type of cryptocurrency with a value fixed to another asset, can be used as a substitute for fiat currency and hence influence monetary stability.\nSouth Korea’s digital asset industry is broadly welcoming of the national initiative to bring regulatory clarity to the crypto industry, but is concerned clarity could suffer if financial authorities are themselves involved in disputes over who is in charge.\n“The existing supervision [by the FSC] is sufficient for the industry, so when the Bank of Korea becomes another mother-in-law for the crypto sector, the industry may get overwhelmed [by regulations],” Kim Hyoung-joong, president of the Korea Fintech Society said in an email response to questions.\nSouth Korea’s Democratic Party lawmaker Kim Han-gyu was present at the National Assembly meeting in support of the central bank.\nAccording to local news outletSeoul Economic Daily, Kim said the crypto market contributes to an increase in household debt, saying that more than 60% of total loans from South Korea’s online K-Bank in the last two years were made to users of its partner Upbit, South Korea’s largest crypto exchange.\nUpbit partnered with K-Bank in 2020 as lawsmandatedthat every exchange should have local banks provide users’ real-name deposit and withdrawal accounts for anti-money laundering purposes. Upbit users borrowed 4.9 trillion Korean won (US$3.7 billion) from K-Bank from July 2020 to the end of last year, according to lawmaker Kim.\nSee related article:South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this year\nHowever, while the FSC gave some ground to the Bank of Korea in the shaping of the new law, concerns remain about the demarcation between the two authorities.\nRuling People Power Party member Yoon Han-hong said in the assembly meeting that having the central bank involved in supervision of crypto companies can leave the false impression that the country acknowledges crypto as a payment measure.\nThe power struggle between the two will likely continue, said Kim at the Korea Fintech Society. “The two might collide again when developing the enforcement decree that comes after completing the law,” he said.\nBut there is an upside to having the central bank more involved in setting crypto regulations, added Kim, saying this could be a positive for developing use of stablecoins or cryptocurrencies in payment systems.\nSouth Korea plans to complete its crypto regulatory framework in two parts — the first has an emphasis on consumer protection and legislators are to pass the first bill into law within the first half of 2023.\nThe second part focuses on standardizing the issue of crypto tokens and disclosure of information to investors. The ultimate goal, according to lawmakers, is to build a transparent, even playing field for the cryptocurrency industry in South Korea.', 'South Korea is preparing regulations for digital assets, including cryptocurrency trading, which will set the country’s framework for supervising the developing and often volatile industry. But behind the scenes is a fight for power between the financial authorities. The Financial Services Commission, the financial regulator known as the FSC, oversees the local cryptocurrency market and industry, but the central bank last month said it wants the authority to demand access to data at cryptocurrency platforms. The squabble surfaced again on April 25 when bank and FSC representatives and lawmakers met at the National Assembly to discuss the cryptocurrency regulation bill, according to the official transcript of the meeting. FSC vice chairman Kim So-young said at the meeting the central bank’s right to data should not include cryptocurrencies, arguing that the tokens are currently not widely used for payments. Bank of Korea Deputy Governor Lee Jong-ryeol was also at the meeting and disagreed. “Due to the significant impact of the cryptocurrency market on the financial system, it is necessary to require cryptocurrency operators to submit documents to identify the impact on the conduct of monetary and credit policy, financial stability, and the payment and settlement system,” he said. The FSC finally agreed to the central bank’s request for it to have access to data from crypto companies written into the upcoming legislation, saying it wants to accelerate the process for building a legal framework for cryptocurrencies. However, the dispute may well re-appear, said crypto industry officials. See related article: Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain Big market The central bank may have a point, according to data in a March 2023 report by Statista . South Korea has seen successive waves of what the report calls “cryptocurrency fever,” adding that around 10% of South Korea’s population of about 52 million people were invested in cryptocurrencies when Bitcoin hit a record high in 2021. Story continues The country is one of the world’s biggest cryptocurrency markets, according to the Statista report, which said the country’s exchanges accounted for more than 9% of global crypto trading volume in August 2021. Further, on May 19, 2021, the daily trading volume of cryptocurrencies on South Korean exchanges reached 23.7 trillion South Korean won (US$17.7 billion) or more than the value of equities traded on the country’s stock market, according to the report. While crypto prices fell sharply in 2022 amid a series of project failures – including the US$40 billion collapse of the South Korean Terra-Luna stablecoin followed by the FTX exchange – the central bank is concerned about the future. “The Bank of Korea wants to monitor any instances where a cryptocurrency company could undermine the stability of payment or financial systems,” said Park Sun-young, professor of economics at Seoul-based Dongguk University via email on Wednesday. The central bank also reasoned in an April report that stablecoins, a type of cryptocurrency with a value fixed to another asset, can be used as a substitute for fiat currency and hence influence monetary stability. Welcome South Korea’s digital asset industry is broadly welcoming of the national initiative to bring regulatory clarity to the crypto industry, but is concerned clarity could suffer if financial authorities are themselves involved in disputes over who is in charge. “The existing supervision [by the FSC] is sufficient for the industry, so when the Bank of Korea becomes another mother-in-law for the crypto sector, the industry may get overwhelmed [by regulations],” Kim Hyoung-joong, president of the Korea Fintech Society said in an email response to questions. South Korea’s Democratic Party lawmaker Kim Han-gyu was present at the National Assembly meeting in support of the central bank. According to local news outlet Seoul Economic Daily , Kim said the crypto market contributes to an increase in household debt, saying that more than 60% of total loans from South Korea’s online K-Bank in the last two years were made to users of its partner Upbit, South Korea’s largest crypto exchange. Upbit partnered with K-Bank in 2020 as laws mandated that every exchange should have local banks provide users’ real-name deposit and withdrawal accounts for anti-money laundering purposes. Upbit users borrowed 4.9 trillion Korean won (US$3.7 billion) from K-Bank from July 2020 to the end of last year, according to lawmaker Kim. See related article: South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this year Struggle However, while the FSC gave some ground to the Bank of Korea in the shaping of the new law, concerns remain about the demarcation between the two authorities. Ruling People Power Party member Yoon Han-hong said in the assembly meeting that ha Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $533,181,080,000 - Hash Rate: 350796104.00304 - Transaction Count: 526379.0 - Unique Addresses: 579485.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Bitcoin (BTC) hung precariously around $30,000 Wednesday afternoon after the latestConsumer Price Index (CPI) reportshowed inflation cooling slightly but not by as much as economists had expected. The largest cryptocurrency by market capitalization was recently at $30,030, off a few fractions of a percentage point over the past 24 hours, according to CoinDesk’s data. BTC’s price reached as high as $30,548 earlier Wednesday after the Bureau of Labor Statistics’ much-watched inflation reading showed the CPI rising 0.1% increase in March, slower than economists' 0.2% forecast for the month and then February’s 0.4% reading. On a year-over-year basis, the CPI was higher by 5%, down from 6% in February and against expectations of 5.2%. BTC's profit-taking is "intensifying" following the report, Edward Moya, senior market analyst at foreign exchange Oanda, wrote in a Wednesday note. “It seems the momentum rally for bitcoin might be over for now,” Moya wrote. “Inflation hedge and or a breaking of its correlation from equities might subside for a while.” He added that BTC looks poised to consolidate as "it will clearly need a robust catalyst to keep the rally going.” Ether (ETH), the second-largest cryptocurrency in market value, was recently trading at $1,914, up 0.3% from Tuesday, same time. Validators and market watchers are eyeing Ethereum’sShanghai (or Shapella) upgrade, which is scheduled to go live at 6:27 p.m. ET (22:27 UTC). Read more:LIVE BLOG: Ethereum's Shanghai Upgrade Crypto analysts and tradersare split on the event’smarket impact with some expecting ETH selling pressure to send the token’s price downward, but others foreseeing little significant price impact. “While there is plenty of short-term concern around what happens once staked ETH is unlocked, long term the ability to enter and exit at will opens the doors for new entrants to the market that may have been wary of locking their funds for an indeterminate period of time,” Jim Myers, founder and chief technology officer at blockchain analytics platform Flipside Crypto, told CoinDesk in an email. BTC and ETH have risen by more than 6% and 4%, respectively, in the past seven days. TheCoinDesk Market Index(CMI), which measures the overall crypto market performance, was down 0.2% for the day but rose by 2.2% in the past seven days. Equity markets turned mixed on Wednesday afternoon. The S&P 500 and Dow Jones Industrial Average (DJIA) were recently trading up 0.3% and 0.5%, respectively. The tech-heavy Nasdaq was almost flat.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin was stable around $27,300. Insights: Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive. Prices CoinDesk Market Index (CMI) 1,169 +12.5 ▲ 1.1% Bitcoin (BTC) $27,170 +253.1 ▲ 0.9% Ethereum (ETH) $1,817 +17.0 ▲ 0.9% S&P 500 4,136.28 +12.2 ▲ 0.3% Gold $2,020 +5.7 ▲ 0.3% Nikkei 225 29,626.34 +238.0 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,169 +12.5 ▲ 1.1% Bitcoin (BTC) $27,170 +253.1 ▲ 0.9% Ethereum (ETH) $1,817 +17.0 ▲ 0.9% S&P 500 4,136.28 +12.2 ▲ 0.3% Gold $2,020 +5.7 ▲ 0.3% Nikkei 225 29,626.34 +238.0 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Quiet market translates to less bullish energy Crypto markets were quiet, and prices for both bitcoin ( BTC ) and ether ( ETH ) were trading below their 20-day moving average . As CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move. According to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/ask spreads – the difference between the price a buyer is willing to pay and what a seller will accept – is wide, especially after some market makers quit crypto. "The prices of most digital assets are stuck in a wind tunnel," Dorman in a newsletter. In traditional finance , stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government, with the Treasury\'s borrowings moving closer to the official limit. Biggest Gainers Asset Ticker Returns DACS Sector Raydium RAY +4.41% DeFi ARPA ARPA +3.25% Computing OMG Network OMG +1.76% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Lido DAO LDO -10.04% DeFi The Graph GRT -9.05% Computing Liquity LQTY -8.23% DeFi Insights Funding rates remain positive in crypto markets Perpetual futures funding rates remain positive for both bitcoin and ether, a sign that sentiment in the market remains positive for the moment. Story continues Funding rates on bitcoin perpetual futures. (Glassnode) Perpetual funding rates represent payments within the futures markets between participants who are long or short the asset. When funding rates are positive, holders of long positions pay a fee to holders of short positions. When funding rates are negative, the opposite is the case. The interpretation is that funding rates can often indicate bullish or bearish sentiment, with the former represented by positive rates, and the latter represented by negative ones. For bitcoin funding rates have been positive in 8 of the most recent 10 trading days. Ether by comparison has shown positive funding rates in 7 of the most recent days, declining to zero 3 times, but not falling below zero since April 6. Important events. 10:00 a.m. HKT/SGT(2:00 UTC) China Retail Sales (YoY/April) 2:00 p.m. HKT/SGT(6:00 UTC) United Kingdom Claimant Count Change (April) 8:30 p.m. HKT/SGT(12:30 UTC) Bank of Canada Consumer Price Index Core (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Bounces Back Above $27K; Binance Plans Exit From Canada Bitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch, corpus.ventures CEO and Slock.it founder, also joined the conversation. Headlines Weekly DEX Volume on BNB Chain Hits Highest in a Year : Lower fees and Binance’s popularity are among the reasons noted by market analysts. Bitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees : The firm says El Salvador will serve as its base for operations in Latin America. Polygon Co-Founder Launches Web3 Fellowship Program : Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year. South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker\'s Transfers : Lawmaker Kim Nam-kuk resigned from the main opposition party after his crypto transfers incited controversy. Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment : The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was stable around $27,300.\nInsights:Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive.\nCoinDesk Market Index (CMI)\n1,169\n+12.5▲1.1%\nBitcoin (BTC)\n$27,170\n+253.1▲0.9%\nEthereum (ETH)\n$1,817\n+17.0▲0.9%\nS&P 500\n4,136.28\n+12.2▲0.3%\nGold\n$2,020\n+5.7▲0.3%\nNikkei 225\n29,626.34\n+238.0▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,169", "+12.5\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,170", "+253.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,817", "+17.0\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.28", "+12.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.7\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,626.34", "+238.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet market translates to less bullish energy\nCrypto markets were quiet, and prices for both bitcoin (BTC) and ether (ETH) weretrading below their 20-day moving average.\nAs CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.\nAccording to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/ask spreads – the difference between the price a buyer is willing to pay and what a seller will accept – is wide, especially after somemarket makers quit crypto.\n"The prices of most digital assets are stuck in a wind tunnel," Dorman in a newsletter.\nIntraditional finance, stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government, with the Treasury\'s borrowings moving closer to the official limit.\n[{"Asset": "Raydium", "Ticker": "RAY", "Returns": "+4.41%", "DACS Sector": "DeFi"}, {"Asset": "ARPA", "Ticker": "ARPA", "Returns": "+3.25%", "DACS Sector": "Computing"}, {"Asset": "OMG Network", "Ticker": "OMG", "Returns": "+1.76%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Lido DAO", "Ticker": "LDO", "Returns": "-10.04%", "DACS Sector": "DeFi"}, {"Asset": "The Graph", "Ticker": "GRT", "Returns": "-9.05%", "DACS Sector": "Computing"}, {"Asset": "Liquity", "Ticker": "LQTY", "Returns": "-8.23%", "DACS Sector": "DeFi"}]\nFunding rates remain positive in crypto markets\nPerpetual futures funding rates remain positive for both bitcoin and ether, a sign that sentiment in the market remains positive for the moment.\nPerpetual funding rates represent payments within the futures markets between participants who are long or short the asset. When funding rates are positive, holders of long positions pay a fee to holders of short positions. When funding rates are negative, the opposite is the case.\nThe interpretation is that funding rates can often indicate bullish or bearish sentiment, with the former represented by positive rates, and the latter represented by negative ones.\nFor bitcoin funding rates have been positive in 8 of the most recent 10 trading days. Ether by comparison has shown positive funding rates in 7 of the most recent days, declining to zero 3 times, but not falling below zero since April 6.\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/April)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Claimant Count Change (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Bank of Canada Consumer Price Index Core (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Bounces Back Above $27K; Binance Plans Exit From Canada\nBitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch,corpus.venturesCEO andSlock.itfounder, also joined the conversation.\nWeekly DEX Volume on BNB Chain Hits Highest in a Year:Lower fees and Binance’s popularity are among the reasons noted by market analysts.\nBitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees:The firm says El Salvador will serve as its base for operations in Latin America.\nPolygon Co-Founder Launches Web3 Fellowship Program:Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.\nSouth Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker\'s Transfers:Lawmaker Kim Nam-kuk resigned from the main opposition party after his crypto transfers incited controversy.\nBankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment:The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was stable around $27,300.\nInsights:Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive.\nCoinDesk Market Index (CMI)\n1,169\n+12.5▲1.1%\nBitcoin (BTC)\n$27,170\n+253.1▲0.9%\nEthereum (ETH)\n$1,817\n+17.0▲0.9%\nS&P 500\n4,136.28\n+12.2▲0.3%\nGold\n$2,020\n+5.7▲0.3%\nNikkei 225\n29,626.34\n+238.0▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,169", "+12.5\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,170", "+253.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,817", "+17.0\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.28", "+12.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.7\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,626.34", "+238.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet market translates to less bullish energy\nCrypto markets were quiet, and prices for both bitcoin (BTC) and ether (ETH) weretrading below their 20-day moving average.\nAs CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.\nAccording to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/ask spreads – the difference between the price a buyer is willing to pay and what a seller will accept – is wide, especially after somemarket makers quit crypto.\n"The prices of most digital assets are stuck in a wind tunnel," Dorman in a newsletter.\nIntraditional finance, stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government, with the Treasury\'s borrowings moving closer to the official limit.\n[{"Asset": "Raydium", "Ticker": "RAY", "Returns": "+4.41%", "DACS Sector": "DeFi"}, {"Asset": "ARPA", "Ticker": "ARPA", "Returns": "+3.25%", "DACS Sector": "Computing"}, {"Asset": "OMG Network", "Ticker": "OMG", "Returns": "+1.76%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Lido DAO", "Ticker": "LDO", "Returns": "-10.04%", "DACS Sector": "DeFi"}, {"Asset": "The Graph", "Ticker": "GRT", "Returns": "-9.05%", "DACS Sector": "Computing"}, {"Asset": "Liquity", "Ticker": "LQTY", "Returns": "-8.23%", "DACS Sector": "DeFi"}]\nFunding rates remain positive in crypto markets\nPerpetual futures funding rates remain positive for both bitcoin and ether, a sign that sentiment in the market remains positive for the moment.\nPerpetual funding rates represent payments within the futures markets between participants who are long or short the asset. When funding rates are positive, holders of long positions pay a fee to holders of short positions. When funding rates are negative, the opposite is the case.\nThe interpretation is that funding rates can often indicate bullish or bearish sentiment, with the former represented by positive rates, and the latter represented by negative ones.\nFor bitcoin funding rates have been positive in 8 of the most recent 10 trading days. Ether by comparison has shown positive funding rates in 7 of the most recent days, declining to zero 3 times, but not falling below zero since April 6.\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/April)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Claimant Count Change (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Bank of Canada Consumer Price Index Core (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Bounces Back Above $27K; Binance Plans Exit From Canada\nBitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch,corpus.venturesCEO andSlock.itfounder, also joined the conversation.\nWeekly DEX Volume on BNB Chain Hits Highest in a Year:Lower fees and Binance’s popularity are among the reasons noted by market analysts.\nBitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees:The firm says El Salvador will serve as its base for operations in Latin America.\nPolygon Co-Founder Launches Web3 Fellowship Program:Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.\nSouth Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker\'s Transfers:Lawmaker Kim Nam-kuk resigned from the main opposition party after his crypto transfers incited controversy.\nBankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment:The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.', '\| Image: Getty Images', '\| Image: Getty Images', '\| Image: Getty Images', "• More investors backed bitcoin than the dollar as the preferred investment during a default, a Bloomberg survey found.\n• But gold was the top choice, due to its history as a safe haven asset and recent price gains.\n• Treasurys were the second choice, as most expect the US would still meet its debt obligations eventually.\nIn the case of a US default, retail investors favorbitcoinover thedollar, underlining the token's appeal as a safe haven asset.\nThat's according toBloomberg'smost recent Markets Live Pulse survey, which asked investors what they would buy if the US hit its debt ceiling.\nTo be sure, gold led the list of responses, with 51.7% of professional investors and 45.7% of retail investors preferring bullion.\nIn second place came Treasurys, drawing 14% of professionals and 15.1% of retail investors. Bitcoin followed with 7.8% and 11.3%, respectively — versus the dollar's 7.8% and 10.2%.\nA default could arrive as soon asJune 1, if lawmakers fail to lift the $31.4 trillion debt ceiling before the government runs out of money.\nBloomberg's MLIV survey also found that 41% expect greenback would weaken in a default, which could also accelerate de-dollarizationtrends.\nMeanwhile, bitcoin rallied in an earlier period of stress this year, namely the banking crisis sparked by the collapse of Silicon Valley Bank.\nPreviously, Standard Chartered told Insider that this is largely due to bitcoin's decentralized mechanism, and estimated that a default could push the cryptocurrency up by about$20,000.\nOtheranalysts told Insiderthat they expect gold would likely climb in a default as well. A weakening dollar could further propel the metal. Continued purchases of gold by central banks and a loosening of global monetary policy could also help support it.\nAs for Treasurys, UBS has previously predictedbonds would rallyif the debt ceiling doesn't get resolved, as this would most likely lead to economic contraction and investors would still see US debt as a relatively safe haven.\nRead the original article onBusiness Insider", "• More investors backed bitcoin than the dollar as the preferred investment during a default, a Bloomberg survey found.\n• But gold was the top choice, due to its history as a safe haven asset and recent price gains.\n• Treasurys were the second choice, as most expect the US would still meet its debt obligations eventually.\nIn the case of a US default, retail investors favorbitcoinover thedollar, underlining the token's appeal as a safe haven asset.\nThat's according toBloomberg'smost recent Markets Live Pulse survey, which asked investors what they would buy if the US hit its debt ceiling.\nTo be sure, gold led the list of responses, with 51.7% of professional investors and 45.7% of retail investors preferring bullion.\nIn second place came Treasurys, drawing 14% of professionals and 15.1% of retail investors. Bitcoin followed with 7.8% and 11.3%, respectively — versus the dollar's 7.8% and 10.2%.\nA default could arrive as soon asJune 1, if lawmakers fail to lift the $31.4 trillion debt ceiling before the government runs out of money.\nBloomberg's MLIV survey also found that 41% expect greenback would weaken in a default, which could also accelerate de-dollarizationtrends.\nMeanwhile, bitcoin rallied in an earlier period of stress this year, namely the banking crisis sparked by the collapse of Silicon Valley Bank.\nPreviously, Standard Chartered told Insider that this is largely due to bitcoin's decentralized mechanism, and estimated that a default could push the cryptocurrency up by about$20,000.\nOtheranalysts told Insiderthat they expect gold would likely climb in a default as well. A weakening dollar could further propel the metal. Continued purchases of gold by central banks and a loosening of global monetary policy could also help support it.\nAs for Treasurys, UBS has previously predictedbonds would rallyif the debt ceiling doesn't get resolved, as this would most likely lead to economic contraction and investors would still see US debt as a relatively safe haven.\nRead the original article onBusiness Insider", "Bitcoin crushed by US dollar urfinguss More investors backed bitcoin than the dollar as the preferred investment during a default, a Bloomberg survey found. But gold was the top choice, due to its history as a safe haven asset and recent price gains. Treasurys were the second choice, as most expect the US would still meet its debt obligations eventually. In the case of a US default, retail investors favor bitcoin over the dollar , underlining the token's appeal as a safe haven asset. That's according to Bloomberg's most recent Markets Live Pulse survey, which asked investors what they would buy if the US hit its debt ceiling. To be sure, gold led the list of responses, with 51.7% of professional investors and 45.7% of retail investors preferring bullion. In second place came Treasurys, drawing 14% of professionals and 15.1% of retail investors. Bitcoin followed with 7.8% and 11.3%, respectively \x97 versus the dollar's 7.8% and 10.2%. A default could arrive as soon as June 1 , if lawmakers fail to lift the $31.4 trillion debt ceiling before the government runs out of money. Bloomberg's MLIV survey also found that 41% expect greenback would weaken in a default, which could also accelerate de-dollarization trends. Meanwhile, bitcoin rallied in an earlier period of stress this year, namely the banking crisis sparked by the collapse of Silicon Valley Bank. Previously, Standard Chartered told Insider that this is largely due to bitcoin's decentralized mechanism, and estimated that a default could push the cryptocurrency up by about $20,000 . Other analysts told Insider that they expect gold would likely climb in a default as well. A weakening dollar could further propel the metal. Continued purchases of gold by central banks and a loosening of global monetary policy could also help support it. As for Treasurys, UBS has previously predicted bonds would rally if the debt ceiling doesn't get resolved, as this would most likely lead to economic contraction and investors would still see US debt as a relatively safe haven. Read the original article on Business Insider", '• US stocks ended higher Monday, retracing early losses to end in the green.\n• The S&P 500 rose with help from the financial sector as regional banks gained.\n• Talks aimed at breaking the debt-ceiling stalemate in Washington are set to start again Tuesday.\nUS stocks finished higher Monday as investors pushed past House Majority Leader Kevin McCarthy\'s assessment that prospects of reaching a deal to raise the US debt ceiling appeared dim as a deadline approached.\nThe S&P 500 logged its first win after two losing sessions and following two back-to-back weekly declines. The financial sector was the top-performing with hard-hit regional bank stocks includingPacWestcontinuing to recover from this year\'s sharp losses.\nStocks swung lower as trading got under way after House Speaker Kevin McCarthy said on CNNhe was "far apart"from President Joe Biden in reaching a deal to raise the country\'s$31 trillion debt limit. Republicans are seeking spending cuts while Biden has been pushing for a so-called clean bill. Talks to break the stalemate were set to resume on Tuesday.\nThe nonpartisan Congressional Budget Office projects the government willrun out of money to pay its bills in early Juneif the limit isn\'t raised.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:4,136.28, up 0.3%\n• Dow Jones Industrial Average:33,348.60, up 0.14% (47.98 points)\n• Nasdaq Composite:12,365.21, up 0.66%\nThe Treasury Department said it\'s facing a June 1 deadline that if missed means it would be forced to delay or even miss bond payments, which is unprecedented.\n"Leading up to that point, we expect risk assets to undergo a period of heightened volatility amid a flurry of headlines on progress (or lack thereof) toward a compromise that would avert a U.S. default," Saira Malik, chief investment officer at Nuveen, wrote in a note Monday.\n"We think a deal will ultimately be hammered out by the deadline, even if it\'s a short-term fix that kicks a more "permanent" solution down the road. In the meantime, it would be prudent for investors to prepare for a less favorable outcome by positioning their portfolios to better weather the potential storm," wrote Malik.\nHere\'s what else is happening today:\n• George Soros\' fund dumpedits entire Tesla stake in the first quarter - cashing out on the EV\'s maker\'s 2023 rebound.\n• Billionaire investorPaul Tudor Jonessays artificial intelligence will drive a productivity boom in the economy that will keep stocks soaring for years to come.\n• There are three "creative" options the Treasury hasif lawmakers can\'t reach a deal to raise the debt ceiling.\n• Nobel economistPaul Krugman warnsof cascading chaos in financial markets if the US defaults on its debt\n• \'Big Short\' investor Michael Burryplowed into First Republic, PacWest, and other ailing bank stocks last quarter.\n• Taylor Swift showed her financial savvywhen she avoided an FTX deal, an elite investor says.\n• Ray Dalio\'s Bridgewater fund ditchedGameStop and AMC last quarter - while Jim Simons\' RenTech bet on Tesla and Bed Bath & Beyond.\n• Tech stocks aren\'t immune to economic pain - andcould be the next domino to fall, Morgan Stanley advisor says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate cruderose 1.6% to $71.15 per barrel.Brent crude,the international benchmark, picked up 1.4% to $75.23.\n• Goldedged up $0.90 to $2,020.70 per ounce.\n• The10-year Treasury yieldgained four basis points to 3.506%.\n• Bitcointacked on 1.8% to trade at $27,443.10.\nRead the original article onBusiness Insider', 'Lucas Jackson/Reuters US stocks ended higher Monday, retracing early losses to end in the green. The S&P 500 rose with help from the financial sector as regional banks gained. Talks aimed at breaking the debt-ceiling stalemate in Washington are set to start again Tuesday. US stocks finished higher Monday as investors pushed past House Majority Leader Kevin McCarthy\'s assessment that prospects of reaching a deal to raise the US debt ceiling appeared dim as a deadline approached. The S&P 500 logged its first win after two losing sessions and following two back-to-back weekly declines. The financial sector was the top-performing with hard-hit regional bank stocks including PacWest continuing to recover from this year\'s sharp losses. Stocks swung lower as trading got under way after House Speaker Kevin McCarthy said on CNN he was "far apart" from President Joe Biden in reaching a deal to raise the country\'s $31 trillion debt limit . Republicans are seeking spending cuts while Biden has been pushing for a so-called clean bill. Talks to break the stalemate were set to resume on Tuesday. The nonpartisan Congressional Budget Office projects the government will run out of money to pay its bills in early June if the limit isn\'t raised. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,136.28, up 0.3% Dow Jones Industrial Average : 33,348.60, up 0.14% (47.98 points) Nasdaq Composite : 12,365.21, up 0.66% The Treasury Department said it\'s facing a June 1 deadline that if missed means it would be forced to delay or even miss bond payments, which is unprecedented. "Leading up to that point, we expect risk assets to undergo a period of heightened volatility amid a flurry of headlines on progress (or lack thereof) toward a compromise that would avert a U.S. default," Saira Malik, chief investment officer at Nuveen, wrote in a note Monday. "We think a deal will ultimately be hammered out by the deadline, even if it\'s a short-term fix that kicks a more "permanent" solution down the road. In the meantime, it would be prudent for investors to prepare for a less favorable outcome by positioning their portfolios to better weather the potential storm," wrote Malik. Story continues Here\'s what else is happening today: George Soros\' fund dumped its entire Tesla stake in the first quarter - cashing out on the EV\'s maker\'s 2023 rebound. Billionaire investor Paul Tudor Jones says artificial intelligence will drive a productivity boom in the economy that will keep stocks soaring for years to come. There are three "creative" options the Treasury has if lawmakers can\'t reach a deal to raise the debt ceiling. Nobel economist Paul Krugman warns of cascading chaos in financial markets if the US defaults on its debt \'Big Short\' investor Michael Burry plowed into First Republic, PacWest, and other ailing bank stocks last quarter. Taylor Swift showed her financial savvy when she avoided an FTX deal, an elite investor says. Ray Dalio\'s Bridgewater fund ditched GameStop and AMC last quarter - while Jim Simons\' RenTech bet on Tesla and Bed Bath & Beyond. Tech stocks aren\'t immune to economic pain - and could be the next domino to fall , Morgan Stanley advisor says. In commodities, bonds, and crypto: West Texas Intermediate crude rose 1.6% to $71.15 per barrel. Brent crude, the international benchmark, picked up 1.4% to $75.23. Gold edged up $0.90 to $2,020.70 per ounce. The 10-year Treasury yield gained four basis points to 3.506%. Bitcoin tacked on 1.8% to trade at $27,443.10. Read the original article on Business Insider', 'Singapore --News Direct-- ChainUp 15 th May 2023: ChainUp, a global blockchain technology service provider has announced the launch of its latest NFT (Non-Fungible Tokens) solution built on MPC (Multi-Party Computation) Technology offering support for multi-main chain NFT asset management, collection, transfer and DeFi (Decentralized Finance) applications. The solution aims to serve as a reliable bridge between NFTs and Web3 decentralized internet ecosystem based on blockchain technology. NFTs are digital assets built on decentralized & distributed ledger technology finding applications in various fields such as gaming, art and music. In the Web3 era, NFTs have gained significant attention attracting artists, creators, collectors and investors enabling new forms of value exchange and innovation in the digital world. The NFT solution based on MPC Technology provides services to institutional investors including asset management firms, insurance companies, banks, exchanges, payment and wallet providers. It opens up new business opportunities for entities, enabling them to explore and expand into emerging areas such as digital art and virtual reality, tapping into the vast potential of the NFT space. By offering a wide range of services, our solution supports the transformation from traditional digital assets to NFTs. When it comes to NFTs, security is of paramount importance. The unique properties of NFTs as digital assets make robust security measures a crucial consideration. MPC Technology is known for its secure multi-party computing capabilities addressing the requirements of asset management security and privacy protection. ChainUp\x92s NFT solution utilizes advanced security measures including MFA (multi-factor authentication) and risk management providing secure storage & transaction environment for NFT holders. This facilitates a seamless user experience ensuring secure and reliable management of NFT assets. In addition to its robust security measures, ChainUp\x92s solution for NFT management also offers users flexibility and choice when it comes to trading. Users can trade their NFT assets with various mainstream cryptocurrencies, including ETH, BTC, and USDT. Story continues "NFTs are emerging strongly as an upstart in the digital asset space," said Sailor, founder and CEO of ChainUp Group. "NFT solutions based on MPC technology will play an increasingly important role in the Web3 era." About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp\x92s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. Contact Details ChainUp Media Team [email protected] Company Website https://www.chainup.com/ View source version on newsdirect.com: https://newsdirect.com/news/chainup-launches-nft-solution-based-on-mpc-technology-111954972', 'Singapore --News Direct-- ChainUp 15 th May 2023: ChainUp, a global blockchain technology service provider has announced the launch of its latest NFT (Non-Fungible Tokens) solution built on MPC (Multi-Party Computation) Technology offering support for multi-main chain NFT asset management, collection, transfer and DeFi (Decentralized Finance) applications. The solution aims to serve as a reliable bridge between NFTs and Web3 decentralized internet ecosystem based on blockchain technology. NFTs are digital assets built on decentralized & distributed ledger technology finding applications in various fields such as gaming, art and music. In the Web3 era, NFTs have gained significant attention attracting artists, creators, collectors and investors enabling new forms of value exchange and innovation in the digital world. The NFT solution based on MPC Technology provides services to institutional investors including asset management firms, insurance companies, banks, exchanges, payment and wallet providers. It opens up new business opportunities for entities, enabling them to explore and expand into emerging areas such as digital art and virtual reality, tapping into the vast potential of the NFT space. By offering a wide range of services, our solution supports the transformation from traditional digital assets to NFTs. When it comes to NFTs, security is of paramount importance. The unique properties of NFTs as digital assets make robust security measures a crucial consideration. MPC Technology is known for its secure multi-party computing capabilities addressing the requirements of asset management security and privacy protection. ChainUp\x92s NFT solution utilizes advanced security measures including MFA (multi-factor authentication) and risk management providing secure storage & transaction environment for NFT holders. This facilitates a seamless user experience ensuring secure and reliable management of NFT assets. In addition to its robust security measures, ChainUp\x92s solution for NFT management also offers users flexibility and choice when it comes to trading. Users can trade their NFT assets with various mainstream cryptocurrencies, including ETH, BTC, and USDT. Story continues "NFTs are emerging strongly as an upstart in the digital asset space," said Sailor, founder and CEO of ChainUp Group. "NFT solutions based on MPC technology will play an increasingly important role in the Web3 era." About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp\x92s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. Contact Details ChainUp Media Team [email protected] Company Website https://www.chainup.com/ View source version on newsdirect.com: https://newsdirect.com/news/chainup-launches-nft-solution-based-on-mpc-technology-111954972', "Salem, Oregon --News Direct-- Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive Officer of Merov . Merov Hosting offers state-of-the-art colocation facilities designed to provide the highest levels of performance, reliability, and security for Bitcoin miners. Rejuvit Systems by Merov is a US-based parts distributor and ASIC repair company with high-quality repair, training, and tools at competitive prices. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. It is currently in beta testing and will launch in Q3 ‘23. Milestones Achieved $771.96mm in ASIC mining infrastructure deals closed or currently engaged in. 105,455 ASICs processed through Merov’s acquisition, verification, repair, or fulfillment services. 400+ megawatts of colocation capacity becoming available '23-'24. About Merov: Merov is a team of passionate and experienced professionals committed to enhancing the Bitcoin industry. With a deep understanding of the industry and a range of expertise in related fields, we strive to deliver innovative, reliable, and comprehensive solutions tailored to our clients' needs. Our mission is to bridge gaps and streamline operations, enabling businesses and individuals to thrive in the rapidly evolving world of Bitcoin. By pushing the boundaries of technology and staying at the forefront of industry developments, we are dedicated to driving growth, fostering innovation, and empowering our clients to reach their full potential. Follow Merov on Telegram and Twitter . Merov is a proud sponsor of the Bitcoin Conference, May 18-20, 2023. Come meet the Merov team at booth 1206 Contact Details Merov Rachel Schimelman [email protected] View source version on newsdirect.com: https://newsdirect.com/news/merov-introduces-a-suite-of-services-for-the-bitcoin-mining-industry-572789338 View comments", "Salem, Oregon --News Direct-- Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive Officer of Merov . Merov Hosting offers state-of-the-art colocation facilities designed to provide the highest levels of performance, reliability, and security for Bitcoin miners. Rejuvit Systems by Merov is a US-based parts distributor and ASIC repair company with high-quality repair, training, and tools at competitive prices. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. It is currently in beta testing and will launch in Q3 ‘23. Milestones Achieved $771.96mm in ASIC mining infrastructure deals closed or currently engaged in. 105,455 ASICs processed through Merov’s acquisition, verification, repair, or fulfillment services. 400+ megawatts of colocation capacity becoming available '23-'24. About Merov: Merov is a team of passionate and experienced professionals committed to enhancing the Bitcoin industry. With a deep understanding of the industry and a range of expertise in related fields, we strive to deliver innovative, reliable, and comprehensive solutions tailored to our clients' needs. Our mission is to bridge gaps and streamline operations, enabling businesses and individuals to thrive in the rapidly evolving world of Bitcoin. By pushing the boundaries of technology and staying at the forefront of industry developments, we are dedicated to driving growth, fostering innovation, and empowering our clients to reach their full potential. Follow Merov on Telegram and Twitter . Merov is a proud sponsor of the Bitcoin Conference, May 18-20, 2023. Come meet the Merov team at booth 1206 Contact Details Merov Rachel Schimelman [email protected] View source version on newsdirect.com: https://newsdirect.com/news/merov-introduces-a-suite-of-services-for-the-bitcoin-mining-industry-572789338 View comments", "Salem, Oregon --News Direct-- Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive Officer of Merov . Merov Hosting offers state-of-the-art colocation facilities designed to provide the highest levels of performance, reliability, and security for Bitcoin miners. Rejuvit Systems by Merov is a US-based parts distributor and ASIC repair company with high-quality repair, training, and tools at competitive prices. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. It is currently in beta testing and will launch in Q3 ‘23. Milestones Achieved $771.96mm in ASIC mining infrastructure deals closed or currently engaged in. 105,455 ASICs processed through Merov’s acquisition, verification, repair, or fulfillment services. 400+ megawatts of colocation capacity becoming available '23-'24. About Merov: Merov is a team of passionate and experienced professionals committed to enhancing the Bitcoin industry. With a deep understanding of the industry and a range of expertise in related fields, we strive to deliver innovative, reliable, and comprehensive solutions tailored to our clients' needs. Our mission is to bridge gaps and streamline operations, enabling businesses and individuals to thrive in the rapidly evolving world of Bitcoin. By pushing the boundaries of technology and staying at the forefront of industry developments, we are dedicated to driving growth, fostering innovation, and empowering our clients to reach their full potential. Follow Merov on Telegram and Twitter . Merov is a proud sponsor of the Bitcoin Conference, May 18-20, 2023. Come meet the Merov team at booth 1206 Contact Details Merov Rachel Schimelman [email protected] View source version on newsdirect.com: https://newsdirect.com/news/merov-introduces-a-suite-of-services-for-the-bitcoin-mining-industry-572789338 View comments", 'The Securities and Exchange Commission (SEC) will soon bring enforcement action against Coinbase (COIN) and this action is likely to mirror those that the regulator brought against rival crypto exchanges Bittrex and Kraken , Berenberg said in a research report on Monday. The bank initiated coverage of the stock with a hold rating and a price target of $55. On Monday, Coinbase shares closed 6% higher at $60.77. Berenberg estimates that at least 37% of the $736 million of Coinbase’s first quarter net revenue came from the transaction fees and spreads it posted by trading crypto tokens other than bitcoin (BTC) as well as from fees from its staking services.“ At a minimum, these revenue sources likely would be targeted by the SEC in the enforcement action that we expect the commission to file soon,” analyst Mark Palmer wrote, adding that some of Coinbase’s other revenue streams, such as interest income from USD Coin (USDC) and custody, may also “get caught up in the SEC’s crypto-industry dragnet in the near future.” Successfully pivoting away from the U.S. would be a tall order for the crypto exchange, as about 86% of net revenue that Coinbase generated in the the 12 months ended March 31 came from its U.S. operations, the note said. Shorting Coinbase shares is too risky a trade, Berenberg said, especially as around 23% of its free float is already sold short. Shorting is a way of betting that a price will decline. An investor borrows a security and sells it in the hope that the price will drop. They then repurchase the security and return it to the lender. The borrower can then pocket the difference if they are right or fork out the difference if wrong. Wall Street giant Citi cut its rating on Coinbase to neutral from buy earlier this month and slashed its price target for the crypto exchange to $65 from $80, also citing regulatory uncertainty. Read more: Coinbase Faced With Too much Regulatory Uncertainty, Rating Cut to Neutral: Citi', 'The Securities and Exchange Commission (SEC) will soon bring enforcement action against Coinbase (COIN) and this action is likely to mirror those that the regulator brought against rival crypto exchangesBittrexandKraken, Berenberg said in a research report on Monday.\nThe bank initiated coverage of the stock with a hold rating and a price target of $55. On Monday, Coinbase shares closed 6% higher at $60.77.\nBerenberg estimates that at least 37% of the $736 million of Coinbase’s first quarter net revenue came from the transaction fees and spreads it posted by trading crypto tokens other than bitcoin (BTC) as well as from fees from its staking services.“\nAt a minimum, these revenue sources likely would be targeted by the SEC in the enforcement action that we expect the commission to file soon,” analyst Mark Palmer wrote, adding that some of Coinbase’s other revenue streams, such as interest income from USD Coin (USDC) and custody, may also “get caught up in the SEC’s crypto-industry dragnet in the near future.”\nSuccessfully pivoting away from the U.S. would be a tall order for the crypto exchange, as about 86% of net revenue that Coinbase generated in the the 12 months ended March 31 came from its U.S. operations, the note said.\nShorting Coinbase shares is too risky a trade, Berenberg said, especially as around 23% of its free float is already sold short. Shorting is a way of betting that a price will decline. An investor borrows a security and sells it in the hope that the price will drop. They then repurchase the security and return it to the lender. The borrower can then pocket the difference if they are right or fork out the difference if wrong.\nWall Street giant Citi cut its rating on Coinbase to neutral from buy earlier this month and slashed its price target for the crypto exchange to $65 from $80, also citing regulatory uncertainty.\nRead more:Coinbase Faced With Too much Regulatory Uncertainty, Rating Cut to Neutral: Citi', 'Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices.\nData from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday. This is a 20% bump since February last year.\nThe data shows that bitcoin wallets holding one token grew by 79,000 between November and January – amid the collapse of crypto exchange FTX as prices fell from over $22,000 to briefly under $16,000.\nThe recent rise in ‘Bitcoin Request for Comment’ (BRC-20) tokens has done little to increase the number of wealthy holders, with only 30,000 new wallets holding one bitcoin added since the BRC-20 token standard’s launch in March.\nRead more:BRC-20 Explained: How Tokens on Bitcoin Work and Why They Are Controversial\nThese standards allow developers to issue tokens on the network and build decentralized finance (DeFi) services such as lending and borrowing. It has contributed toward fees on the Bitcoin blockchain surging to two-year highs amid the demand for block space, with altcoins issued on Bitcoin reaching a cumulative market capitalization of as high as $1.6 billion earlier this month.\nMeanwhile, despite the large holder figure, some market observers saw that most of the current bitcoin transactions come from smaller wallets.\n“During the last peak in 2019, most Bitcoin transactions skewed towards larger transactions, in the range of $1,000 to $10,000,” said Tom Rodgers, Head of Research at ETC Group, in an email to CoinDesk.“This suggests most Bitcoin users were using the blockchain for trading.”\n“Compare this to last week. The largest cohort of Bitcoin transactions - 359,560 - came from transactions under $1. This suggests a huge increase in Bitcoin velocity -- or the amount of Bitcoin being transacted by users, instead of being locked up in cold wallets and held over the long term,” Rodgers added.', 'Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices. Data from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday. This is a 20% bump since February last year. Over one million individual wallets now hold bitcoin, data shows. (Glassnode) The data shows that bitcoin wallets holding one token grew by 79,000 between November and January – amid the collapse of crypto exchange FTX as prices fell from over $22,000 to briefly under $16,000. The recent rise in ‘ Bitcoin Request for Comment ’ (BRC-20) tokens has done little to increase the number of wealthy holders, with only 30,000 new wallets holding one bitcoin added since the BRC-20 token standard’s launch in March. Read more: BRC-20 Explained: How Tokens on Bitcoin Work and Why They Are Controversial These standards allow developers to issue tokens on the network and build decentralized finance (DeFi) services such as lending and borrowing. It has contributed toward fees on the Bitcoin blockchain surging to two-year highs amid the demand for block space, with altcoins issued on Bitcoin reaching a cumulative Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,720,148,425 - Hash Rate: 365114312.3296948 - Transaction Count: 566462.0 - Unique Addresses: 625496.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hear ye, hear ye! Just in time for the coronation of King Charles III and Queen Camilla on May 6, the Evening Standard newspaper has teamed with digital artist Trevor Jones to launch a free collection of commemorative Ethereum NFT celebrating the event on Nifty Gateway. Created in collaboration with Apollo NFT, “The Oath” can be claimed directly on Nifty Gateway or by using a QR code printed in the newspaper. The QR codes are also posted on billboards along Oxford Street, for those travelling to the capital to take part in the celebrations in person. But before you let the FOMO set in, the NFTs won’t be minted and delivered to collectors' wallets until May 7. “With the eyes of the world on London this weekend, we are extremely proud to collaborate with Trevor Jones and celebrate this iconic moment for our city,” Evening Standard CEO Charles Yardley said. “Trevor’s NFT depicts imagery representing centuries of tradition and history, in a format that represents how the modern world is democratising art for both artists and collectors.” The Oath NFT began as a physical painting by Jones in his Edinburgh studio. The artwork depicts Saint Edward’s Crown , worn by Queen Elizabeth II in her 1953 coronation. “With Layer-2 in play now and the carbon footprint down 99.99%, there’s no longer an environmental issue with using the Ethereum blockchain,” Jones told Decrypt . “More importantly, however, I saw this as a fantastic opportunity to onboard new collectors into the NFT art scene, which is currently hitting quite the lows from the last couple of years.” Layer-2 refers to a protocol built on a blockchain like Immuntable X or the Bitcoin Lightning Network. This looks incredible! @W1curates lighting up Oxford St., London with the NFT artwork 'The Oath' celebrating the King's #Coronation . Claim your free edition of the NFT here 👇 👑 https://t.co/n0uEBYTnAd In partnership with @EveningStandard & @ApolloNft #CoronationWeekend pic.twitter.com/w0hWHDhkqm — Trevor Jones 🎨 (@trevorjonesart) May 4, 2023 “Dropping on Nifty Gateway meant that anyone could register an account simply with an email address and mint their first NFT artwork,” Jones said, adding that he wanted the process to be as simple as possible for collectors minting their first NFT. Story continues The Evening Standard joins other media outlets making the leap into Web3, including TIME , GQ , and Playboy . The Oath isn't the first NFT mint to commemorate the British royal family. In September, following the passing of Queen Elizabeth II, an NFT collection, QueenE by Web3 builders Fabio Sevá, Vinícius Rodrigues, Everton Matumoto, and the pseudonymous mladen.eth, was launched to celebrate the life of England’s longest (1952-2022) reigning monarch. Non-fungible tokens, NFTs , are cryptographically unique tokens linked to digital and physical content, providing proof of ownership, authenticity, or membership in a group. Previous collections by Jones include Bitcoin Angels, Man vs. Machine with rap icon Ice Cube, and Picasso’s Bull .... - Reddit Posts (Sample): [['u/tenthousandbottles', "Why aren't people screaming about the 250k unconfirmed BTC transactions and high fees?", 28, '2023-05-16 00:31', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/', "Also, [https://twitter.com/udiWertheimer/status/1657085665148821506](https://twitter.com/udiWertheimer/status/1657085665148821506)\n\nThis Udi guy won't deny that Craig Wright is paying him to spam BRC-20 transactions?", 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/', '13imtsf', [['u/ShadowOfHarbringer', 19, '2023-05-16 01:10', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkaq6dn/', 'They have been screaming in this subreddit for 6 years now.\n\nYou must be new here.', '13imtsf'], ['u/Pablo_Picasho', 24, '2023-05-16 01:58', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkawgwv/', 'So few real users left\n\nRest are hodlers who will only wake up when they have to make a real transaction', '13imtsf'], ['u/ShadowOrson', 15, '2023-05-16 04:54', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkbj5jr/', 'Where, exactly, are they allowed to scream about them?', '13imtsf'], ['u/emergent_reasons', 10, '2023-05-16 06:45', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkbueqb/', 'A user who needs to pay attention or risk their stash becoming frozen and/or worthless.', '13imtsf']]], ['u/Bilbo_Butthole', 'GameStop: The Catastrophic Catalyst of Hyperinflation, Redeemed by the Rise of Decentralized Currency', 385, '2023-05-16 02:32', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/', "Little thesis I’m working on. Please be fully transparent and honest in your feedback. Thanks!\n\nAbstract:\nThis thesis explores the dire consequences that the GameStop phenomenon will have on the global economy, specifically the triggering of hyperinflation. However, amid this impending disaster, a savior emerges in the form of decentralized currency. This revolutionary monetary system will single-handedly rescue humanity from the brink of financial ruin and lead us towards a new era of prosperity.\n\nChapter 1: Introduction\n\n1.1 Background and Significance\nThe meteoric rise of GameStop, fueled by speculative retail investors, is a ticking time bomb that threatens to destabilize the global economy. This thesis examines the unfolding catastrophe and highlights the pivotal role of decentralized currency in averting complete financial collapse.\n\nChapter 2: GameStop: The Inflated Bubble\n\n2.1 Manipulation and Irrational Exuberance\nThe GameStop frenzy witnessed an unparalleled level of market manipulation, driven by a small group of renegade investors who artificially inflated the stock's value. This irrational exuberance created a volatile bubble primed for implosion, bringing about catastrophic economic repercussions. \n\n2.2 Systemic Contagion\nThe impending burst of the GameStop bubble will unleash a domino effect throughout the financial system. This contagion will spread like wildfire, destabilizing banks, investment firms, and eventually entire economies. The aftermath will be a harrowing era of hyperinflation.\n\nChapter 3: The Hyperinflation Nightmare\n\n3.1 The GameStop Catalyst\nGameStop's collapse will have a cascading effect on the stock market, triggering a devastating chain reaction that leads to hyperinflation. The sudden devaluation of stocks and assets will erode confidence in traditional fiat currencies, sending inflation spiraling out of control.\n\n3.2 The Fiat Currency Plague\nCentral banks, reliant on archaic fiat currencies, will be ill-prepared to handle the hyperinflation crisis. Governments will frantically print money, flooding the markets with worthless paper currency, further exacerbating the inflationary spiral. Society will plunge into chaos as citizens struggle to afford basic necessities, leading to widespread economic collapse.\n\nChapter 4: The Rise of Decentralized Currency\n\n4.1 The Blockchain Revolution\nDecentralized currencies, such as Bitcoin and other cryptocurrencies, will emerge as the ultimate panacea for the hyperinflation crisis. By eliminating the control of central banks and governments, these digital currencies restore power to the people and foster true financial freedom. \n\n4.2 The Inflation Hedge\nDecentralized currencies, with their limited supply and built-in mechanisms to prevent inflation, will provide a safe haven for individuals seeking protection from the impending hyperinflation catastrophe. As fiat currencies crumble, decentralized currencies will skyrocket, ensuring the preservation of wealth and offering a lifeline to those who have embraced this transformative monetary system.\n\nChapter 5: Conclusion\n\nIn conclusion, the GameStop phenomenon serves as a harbinger of hyperinflation that will ravage the global economy. However, salvation lies in the rise of decentralized currencies, offering an escape from the clutches of central banks and government control. By embracing these digital assets, individuals can shield themselves from financial ruin and pave the way for a prosperous future.\n\nWill expand on this if there is interest!", 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/', '13ips63', [['u/treZissou', 48, '2023-05-16 02:37', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb1lmf/', 'I think I need to DRS more shares.', '13ips63'], ['u/ISayBullish', 141, '2023-05-16 02:38', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb1unq/', 'More speculation than DD at this point IMO, however if you expand more on the topics at length with sources it could be considered DD\n\nThesis makes sense though\n\n“We will watch your career with great interest” - Shiv Palpatine\n\nBullish', '13ips63'], ['u/CookShack67', 61, '2023-05-16 03:00', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb4qsz/', 'Greetings fellow kids', '13ips63'], ['u/Octopus_vagina', 40, '2023-05-16 03:33', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb917x/', 'This post and all the posts Comments claiming it’s genius scream “agenda”', '13ips63'], ['u/Octopus_vagina', 22, '2023-05-16 03:40', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb9yy8/', 'It’s not really DD. It’s big time speculation.\n\nI welcome DD - like the heat lamp DD', '13ips63'], ['u/ChanThe4th', 25, '2023-05-16 03:47', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbasuq/', "It's -literally- not DD. It's a hype piece using keywords to sound edgy and make retail look like fools that collapsed something, when in reality this is a direct result of Market Makers and Banks using swaps/derivatives to hide insanely leveraged positions.\n\nIt's shill bait.", '13ips63'], ['u/vasDcrakGaming', 144, '2023-05-16 03:48', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbaynb/', '1.1 is such fucking bullshit dont pin that on gamestop. Its because of the naked short selling. Not retail. Its the hesgies', '13ips63'], ['u/allaskew123', 47, '2023-05-16 04:00', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbcjb7/', 'Wtf is this bullshit??!! All these comment upvotes from unrecognizable names?? I’m in the goddamn twilight zone. This sounds like those “Jesus told me to sell at $40”. My downvote finger is getting sore.', '13ips63'], ['u/Defago', 32, '2023-05-16 04:06', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbd7k3/', 'This is some bullshit.', '13ips63'], ['u/I-Love-Game-Stop', 10, '2023-05-16 04:40', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbhku5/', 'He makes it sound like all the investors are going to lose their ass in a bubble WTF', '13ips63'], ['u/Stonkerrific', 32, '2023-05-16 04:54', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbj6p6/', 'This reads very oddly. Subtle FUD.', '13ips63'], ['u/UncleNuks', 36, '2023-05-16 05:00', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbjvgp/', 'Not a single mention of quantitative easing and money printing, derivatives, leverage, deregulation, sovereign debt/bonds, abusive and illegal naked short selling…but yet you want to talk about hyperinflation and systemic collapse? No mention of BRICS or de-dollarization or the fractional reserve banking system?\n\nThis reads like GameStop will be the cause of the fall which couldn’t be further from the truth. I think you need to read some more DD and get back to the drawing board.\n\nYou also mention “irrational exuberance” of investors so I would like to remind you of this wonderful quote from Forbes, March 2021: “The GME event is in fact the result of a process that is hyper-rational. It is based on highly accurate calculations of specific outcomes which possess a much higher degree of certainty than is the case for normal investment decisions. There is no "madness of crowds" here.”\n\nIt’s not “irrational” like you say, it is, in fact, “hyper-rational”.', '13ips63'], ['u/RBradyFrost', 80, '2023-05-16 05:31', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbn950/', 'Yeah, no. This is crap. Investors buying and holding legitimate shares of any company don’t hyper inflate the value of said company. That’s price discovery. It’s called supply and demand, and value is established when the market supply meets current demand. If the price is too high, demand will drop. If supply is low, but demand still exists, the price will increase.\n\nNow, if there are outside forces manipulating supply, those entities would be the ones at fault for inflating or deflating value — as those actions are not supposed to happen in a free and open market.\n\nThis post is just garbage. Stop trying to pin an economic collapse on household investors.', '13ips63'], ['u/DingleTheDegenerate', 18, '2023-05-16 06:10', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbr865/', 'Just because you format your posts like DD that others have previously made doesn\'t make it DD. The appropriate flair here would be speculation/opinion. On top of that, you don\'t have any sources linked to prove your thesis. \n\nAlso, I find the implication that Jan 28 was caused by "artificially inflating" the price problematic. That\'s basic price discovery. If demand for a security/commodity/service is high, then naturally, the price rises. \n\nIgnoring the implications in your post that gamestop and retail investors will be responsible for the coming financial crisis, this entire post can be summed up with \na single sentence rather than an entire post. "I think that the world economy will collapse, Gamestops\' stock price will likely soar, and cryptocurrency will be useful to help mitigate the coming financial crisis."\n\nEDIT: Immediately downvoted despite OP asking for honest critique. Tells me everything I need to know.', '13ips63'], ['u/Express-Economist-86', 49, '2023-05-16 07:30', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkby9r6/', 'Idk sounds like ChatGPT tried to write something negative and conspiratorial about GME with a couple shilly tweaks.\n\nBring on the CBDC, dollars, e-coins, Monopoly money, IDGAF. My shares are my property and I plan to use them as collateral for loans in whatever they decide is fiat at the time.', '13ips63'], ['u/SnakeJazz4284', 10, '2023-05-16 07:38', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbz0es/', 'If you want to write an essay, or so called DD, you need to provide evidence, which can be primary source or secondary source data, and your interpretation. People then can understand and check your idea.\n\nIt seems that your post is just a summary of your wild thoughts like many other posts and comments in this sub.', '13ips63'], ['u/Throwaway-TheChains', 35, '2023-05-16 07:43', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbzcym/', "This is shill bullshit. 100%\nFuck you Kenny!\nNo Cell, No Sell. \nGuess I'll go DRS some more GME lol", '13ips63'], ['u/Greenteawizard87', 14, '2023-05-16 07:55', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkc0dlr/', '2.1: that’s a hard rewrite from me, dog. Leaving out the critical detail of naked short selling and saying market manipulation by retail. Pretty painful and indicative you didn’t write it or you are here and have no idea why. \n\nAlso sounds like chat gtp wrote it.', '13ips63'], ['u/Thick-Court6621', 29, '2023-05-16 09:06', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkc5pxr/', " > 2.1 Manipulation and Irrational Exuberance The GameStop frenzy witnessed an unparalleled level of *market manipulation, driven by a small group of renegade investors who artificially inflated the stock's value* (What the fuk is this FUD??). This irrational exuberance created a volatile bubble primed for implosion, bringing about catastrophic economic repercussions. \n\n> Thesis makes sense though.\n> “We will watch your career with great interest” - Shiv Palpatine\n\n🤣🤣🤣🤣🤣🤣 Are you serious? No we won't.", '13ips63'], ['u/DEMDHCamacho', 13, '2023-05-16 15:02', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkcze55/', 'fr. what in the chatgpt shit is this?', '13ips63']]], ['u/SpaceGalacticat', 'New to the sub', 84, '2023-05-16 02:56', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/', 'I love that this was the suggested subreddit immediately following Bitcoin. Hilarious. That is all.', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/', '13iqchp', [['u/PityJ91', 12, '2023-05-16 03:07', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkb5m1g/', "Then you're in the right place", '13iqchp'], ['u/free_acelehy', 105, '2023-05-16 04:31', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkbggkw/', 'Everyone here is a secret Bitcoin whale, and we control nearly 52% of the supply. We have colluded to spread FUD so there will be more Bitcoin for us to buy and hoard. Plus it stores value, or something. And it has that adorable little B logo.', '13iqchp'], ['u/luna0717', 50, '2023-05-16 07:23', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkbxpyg/', "It also stores energy. I plan on using the electricity I have stored in my coins to power my compound when the world goes to shit. I'll have a monopoly on cell phone charging. It'll be great.", '13iqchp'], ['u/ii-___-ii', 35, '2023-05-16 08:29', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkc30nr/', 'Exactly, this is why Bitcoin is actually good for the environment. It uses so much energy that more energy is needed.\n\nPersonally, though, I’m currently using my Bitcoin to end all war.', '13iqchp'], ['u/wstdsgn', 10, '2023-05-16 08:58', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkc566u/', "Not everyone is in it for the money, some people are merely criminals, or just don't like democracy or society. Some are just big-hearted hippies that live in a fantasy world.", '13iqchp'], ['u/Chuckolator', 15, '2023-05-16 10:41', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkcc79o/', 'I\'m excitedly waiting for the day when every Russian keeps their savings in BTC and when Putin\'s tax men come back empty handed he goes "Shit! Well we had a good run, call our boys back. I\'ll call Zelensky and tell him he won. I guess we could make it work by cutting health care and infrastructure, but war isn\'t worth doing that."', '13iqchp'], ['u/OneDishwasher', 14, '2023-05-16 15:30', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkd2x7k/', 'Speak for yourself, I am Federal Reserve Chairman Jerome Powell and this is my burner account', '13iqchp'], ['u/kakapo88', 14, '2023-05-16 20:22', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkebmvd/', 'You are welcome to hang out here, as long as you worship Buttcoin, love lambo, cocaine, and hookers, and have useful tips on how we can all get rich quickly with no actual work.', '13iqchp'], ['u/SpaceGalacticat', 11, '2023-05-16 21:00', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkehlu0/', 'I’ve never felt so at home', '13iqchp']]], ['u/bbb26782', 'Tennessee RB Len’Neth Whitehead transfers to Georgia', 112, '2023-05-16 03:22', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/', '[247 profile](https://247sports.com/player/lenneth-whitehead-46054157/) \n\n[source](https://twitter.com/rustymansell_/status/1658280256011157504?s=46&t=gIrYzkxivcsNhbtc1FCP7A)', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/', '13iqx8k', [['u/bbb26782', 70, '2023-05-16 03:26', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb847i/', 'Former 4-star originally from the Athens area. Originally played LB and moved positions at Tennessee. He’ll be a walk on.\n\nApparently his name rhymes with beneath.', '13iqx8k'], ['u/343GuiltyySpark', 16, '2023-05-16 03:28', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8df3/', 'Goddamnit I thought it was our turn to figure out what the hell to do with him', '13iqx8k'], ['u/Hoggiebearz', 50, '2023-05-16 03:28', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8ffd/', "With Paul coming off an ACL it doesn't surprise me that staff wanted another tailback in the room. Not sure I've ever seen a 4 star walk on before this though.", '13iqx8k'], ['u/BKDawg34', 12, '2023-05-16 03:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8fiv/', "Not sure. But he's walking on so maybe that has something to do with it? He apparently has 3 years of eligibility left.", '13iqx8k'], ['u/EWall100', 29, '2023-05-16 03:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8g0i/', 'Pronounced: Luh Neeth', '13iqx8k'], ['u/JBAIO', 125, '2023-05-16 03:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8k6i/', 'Was wondering why Georgia would take him... Turns out he is transfering as a walk on.\n\nBold strategy cotton. I do have to respect betting on himself like that.', '13iqx8k'], ['u/EWall100', 19, '2023-05-16 03:31', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8r3c/', "I wish he hadn't gotten hurt man. He was a stud in 21", '13iqx8k'], ['u/KetchupKing05', 35, '2023-05-16 03:35', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb99lw/', 'We’re hitting pretty close to the scholarship count, and he can’t transfer within conference on scholarship.\n\nI’d imagine he “walks-on” with a sizable NIL deal until next year, when we’ll be able to give him a scholarship', '13iqx8k'], ['u/UGA10', 46, '2023-05-16 03:47', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbau8u/', 'Probably gonna get a decent NIL package to make it easier to be a walk on.', '13iqx8k'], ['u/Willywowmack', 34, '2023-05-16 03:56', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbbxec/', 'Local from GA and was academic honor roll one year, so possibly Hope scholarship a factor too. Just speculation though', '13iqx8k'], ['u/IceColdDrPepper_Here', 10, '2023-05-16 03:56', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbbynj/', 'He’s transferring as a walk-on. I’d assume he’ll get a scholarship next year', '13iqx8k'], ['u/rockstar323', 14, '2023-05-16 05:22', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbmaxo/', 'He was the #10 ranked ILB in his class, we recruited him to play RB. He was injured at the start of 21 and only saw action in a handful of games. Then he got an off season injury and missed all of 22.', '13iqx8k'], ['u/KetchupKing05', 11, '2023-05-16 05:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbn1rg/', 'If we were worried about contributors running off for NIL deals, we wouldn’t have brought in Lovett, Thomas, or Bouie this year. \n\nYes, some guys are looking for a bag. A lot more are looking for development. And I trust Kirby to bring in the guys he wants that will compete', '13iqx8k'], ['u/UGA10', 52, '2023-05-16 05:33', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbngaq/', 'Georgia is absolutely giving walk-ons NIL money. Pretty certain everyone in the program is getting something.', '13iqx8k'], ['u/P44_Haynes', 22, '2023-05-16 05:49', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbp5m4/', 'Correct', '13iqx8k'], ['u/ViscountBurrito', 24, '2023-05-16 06:09', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbr3gy/', 'There’s a pretty hard ceiling for a walk-on at Georgia. I can’t imagine one finishing higher than maybe 4th in the Heisman vote.', '13iqx8k'], ['u/clam-caravan', 11, '2023-05-16 10:47', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkccm5n/', 'Looked like a solid player to me when healthy. We have a fairly deep RB room now especially with the addition of Cameron Seldon and DeSean Bishop. Len’Neth got buried in the depth chart.', '13iqx8k'], ['u/bbb26782', 13, '2023-05-16 11:57', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkchbqr/', 'He is an in state student, so he’ll get his tuition covered by the HOPE scholarship. It probably wouldn’t take as much to do that as you think.\n\nThat being said, I’m not sure that really played a factor here. I think he chose Georgia because it’s (extremely) close to home.', '13iqx8k'], ['u/ATLtinyrick', 17, '2023-05-16 12:10', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkci9sv/', 'Tuition is free in GA for instate colleges with HOPE', '13iqx8k'], ['u/I_Glitterally_Cant', 16, '2023-05-16 13:45', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkcqmfy/', 'Walk ons tend to do well in our locker room', '13iqx8k'], ['u/-BoldlyGoingNowhere-', 10, '2023-05-16 16:40', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkdcx82/', 'It helps if they can deliver the mail.', '13iqx8k']]], ['u/OlSlik_Talk', 'These are fun!! Picked up 2 packs today from the Ol’ Brick and mortar and have 4 more in the mail… Clues? Bitcoins? We’ll see 😃', 362, '2023-05-16 03:47', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/', 'Wondering if I should keep a box or two sealed for GME collectors/hodlers… 🤔', 'https://www.reddit.com/gallery/13irh9q', '13irh9q', [['u/TimOnTheLam', 10, '2023-05-16 04:51', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbitq2/', 'Did you get any ones that you can redeem for currency?', '13irh9q'], ['u/fireballx777', 31, '2023-05-16 05:12', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbl87b/', 'It\'s a backronym. People came up with "what it means" after the fact, but the origin is just a misspelling of HOLD.', '13irh9q'], ['u/Browncoat64', 17, '2023-05-16 05:21', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbm6wj/', 'What are these?', '13irh9q'], ['u/FyrebreakZero', 14, '2023-05-16 05:32', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbnbrm/', 'The BIG questions is….\n\nWhen are we all meeting up to trade & collect??', '13irh9q'], ['u/eNYC718', 11, '2023-05-16 05:44', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbolqm/', 'Yea im out the loop too...what is it and how many should I buy.', '13irh9q'], ['u/OlSlik_Talk', 36, '2023-05-16 06:32', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbta9r/', 'Trading cards sold at GameStop… check out their website, they tweeted a link a couple days ago. Some packs have cards with scratch offs redeemable for crypto if you’re lucky. If you’re extra lucky you will pull a card redeemable for a WHOLE bitcoin.', '13irh9q'], ['u/SD_JDM', 11, '2023-05-16 09:44', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkc8dba/', 'So you’re saying GameStop can’t be liable “ manipulation” for giving investors a product that is on the Blockchain and is end-user specific', '13irh9q']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 16, 2023', 27, '2023-05-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/', '13iud9d', [['u/regxbN78', 11, '2023-05-16 07:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkbyxam/', 'Assuming $30K is the average price for this cycle, we could easily range here for another nine months or so and it would be completely normal.', '13iud9d'], ['u/regxbN78', 14, '2023-05-16 07:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkbz3ue/', "Can't get liquidated without leverage. =)", '13iud9d'], ['u/anon-187101', 49, '2023-05-16 07:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkbzte4/', "We are ~11 months out from the next Halving.\n\nAside from being a Bitcoin Maximalist, I'm also a Cycle Maximalist (until proven otherwise). If that premise is correct, we are ~20-24 months out from the next Hypecycle Peak.\n\nThis is the time to stack and sweep sats into self-custody with steadfast discipline. I plan to keep my nose to the grindstone over the course of the next 610-730 days. That means living below my means and cutting it tight in the belt, practicing lower time-preference, and seeking contentment in simple living.\n\nLet's do this, r/bitcoinmarkets.", '13iud9d'], ['u/Magikarpeles', 11, '2023-05-16 08:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkc3mso/', 'Bitcoin has to be the most boring asset in the world lately\n\n🥱', '13iud9d'], ['u/52576078', 23, '2023-05-16 11:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkcf27h/', 'What do people here make of the Ledger news about being able to send your seed in shards to different custodians for later recovery? People are very unhappy about it over on /r/ledgerwallet/\n\nLedger have been going down in my estimation for a while. When they did that thing with the iPhone guy, I thought they had jumped the shark.', '13iud9d'], ['u/52576078', 10, '2023-05-16 11:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkcfgmn/', 'Ledger co-founder /u/btchip is active trying to explain this stuff but getting a lot of push back. This is worrying.', '13iud9d'], ['u/Proper-Professor-608', 15, '2023-05-16 11:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkch55r/', '"The device sends encrypted shards of your seed to different companies if you decide to use the service. You can of course still choose to backup it yourself."\n-- ledger co-founder /u/btchip\n\n\nWtf is there to explain, the point of the device was that the seed should not be able to leave the device on a hardware level. Evidently this is not the case, so ledgers are trash.\n\n\nNo amount of explaining and mental gymnastics changes this', '13iud9d'], ['u/Yodel_And_Hodl_Mode', 27, '2023-05-16 12:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkcjxdb/', 'I\'m angry.\n\nReddit user [btchip](https://np.reddit.com/user/btchip) is a Ledger owner and co-founder. This is what he had to say about Ledger hardware wallets sending out seeds:\n\n> The device sends encrypted shards of your seed to different companies if you decide to use the service.\n\n[SOURCE: Ledger owner and co-founder, u/btchip](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbyyfp/)\n\nHere\'s what Ledger is doing.\n\nLedger is launching a new "service" called Ledger Recover, for $9.99 a month, which splits the owner\'s seed phrase into three "encrypted" shards and distributes them to three companies: Ledger, Coincover, and EscrowTech. I say "service" in quotes because we have no way of knowing if this backdoor is in all of their code, since their code isn\'t fully open source, which means their code cannot be fully audited for safety and security.\n\nThe idea behind Ledger Recover is this: if a user loses their seed words, any 2 of the 3 companies can combine shards to give the user the seed.\n\nThe point of Ledger Recover is for users to give Ledger $120 a year.\n\nThe security issues with Ledger Recover are enormous.\n\nIf one of the three companies someday buys either of the other two, or if an employee of one of the three finds a way to access data from any of the others, they\'ll have 2 shards of all users seeds, which means your seeds are theirs.\n\nGame over.\n\nKeep in mind, Ledger already had a massive data breach, where hackers were given names, home addresses, email addresses, and phone numbers of everyone who bought a wallet from them. Now, they want to give hackers parts of all user seeds too, and they want to charge users $10 a month for the privilege of making their coins hackable:\n\n> [Ledger data leak: A ‘simple mistake’ exposed 270K crypto wallet buyers](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers)\n\n> Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online.\n\nAnd since Ledger\'s code isn\'t fully open source, you have no way of knowing if the next software or firmware update will enable this backdoor to your wallet.\n\nIf you are stupid enough to use this service, you will lose your coins. It\'s just a matter of when.\n\nIf you are naive enough to stick with Ledger, you will lose your coins. It\'s just a matter of when.\n\nIt\'s not a matter of IF. It\'s a matter of WHEN.\n\nI\'m not a hater. I\'m a guy who has been preaching the importance of hardware wallets for years here, and I\'ve been recommending Ledgers, specifically. But now, I am done with this company. I\'m shocked that they\'re sacrificing user security for a cash grab, and I\'m feeling stupid for having trusted them in the first place.', '13iud9d'], ['u/Yodel_And_Hodl_Mode', 11, '2023-05-16 12:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkclb4d/', "> What is wrong with that functionality so long as you unlock the device to authorize it?\n\nThe device is supposed to lock your seed words in a secure element chip which has no connection with the internet.\n\nNow, they're saying your seed is, I guess, in the secure element chip, but it can also be accessed by and sent out over the internet.\n\nThat Is Not OK.\n\nAnd since their code isn't fully open source, it can't be audited for safety and security... so... just trust them and it'll be fine. Except they've already been hacked, and they've already released customer info such as... user home addresses, home phone numbers, email addresses... need I continue?\n\nAnd now, they're saying other companies have the ability to access 1/3 of user seeds, so users need to trust those companies too?\n\nGranted, we can choose to not use the Ledger Recover service, but since their code isn't open, how do we know they aren't sharing parts of our seeds?\n\nNo, really. I'm asking:\n\nHow do we know they aren't sharing parts of our seeds?", '13iud9d'], ['u/Magikarpeles', 10, '2023-05-16 15:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkd61xt/', 'Personally I feel lazy, and a little horny', '13iud9d'], ['u/[deleted]', 11, '2023-05-16 19:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jke3lhz/', 'Damn, my feed full of ledger fd, and buy Trezor ads. Woof. Not great', '13iud9d'], ['u/CrapCloud', 10, '2023-05-16 22:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkeu5wg/', "It's up since the the beginning of the year and flat since mid march.", '13iud9d'], ['u/delgrey', 13, '2023-05-16 23:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkf42ij/', '"Cramer calls Wells Fargo the \'best-capitalized bank\' following $1 billion settlement"\n\n4th largest bank in the US on the chopping block now.', '13iud9d'], ['u/MyCheeriosSpellOoo', 20, '2023-05-16 23:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkf4gjt/', 'Ledger seems to have shot themselves in the foot. I’m not panicking, just disappointed in their actions. I am planning no further updates to the latest firmware and only using with Electrum instead of Ledger Live. I will likely be moving funds in the near future. Trezor seems the obvious choice but I’m intrigued by Seed Signer. Anyone have any feedback to share?', '13iud9d'], ['u/DEEPFIELDSTAR', 18, '2023-05-16 23:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkf65kn/', "They made this announcement far too soon with far too few details available. They just nuked the trust people had in their company. And the replies on Reddit thus far are sporadic and cryptic. Not good.\n\nThe only thing that might save their reputation this point is if they confirm that you physically have to re-enter your seed on the device in order to send the encrypted shards to their isolated servers. That would make it still a pretty stupid idea but at least it would confirm that it's impossible for the seed to be extracted - this is the crucial part. It doesn't matter if it's encrypted or you have to opt in. The point is if it's possible to extract the seed from the secure element without you having to re-enter it on the device physically - then you basically have nothing more than a software wallet at that point. \n\nedit: It would seem like it can be extracted - but you have to physically confirm it with a button press. And their marketing team is trying to use fancy language by saying how what's actually being extracted is some form of encrypted root key that's not technically your seed phrase but is equally as valuable. So yeah, absolute suicide. It's great that you need a physical confirmation to allow this to take place but in the past malicious actors have faked prompts where you need a physical confirm and you were actually confirming something else. Who's to say that can't/won't happen here? \n\nIf it's technically possible, it will be exploited eventually. Case closed. \n\nThis might go down as one of the biggest lies / misrepresentations / blunders in crypto history if they don't fix this fast. \n\nAlso at this point even if they abandon the firmware who's to say it hasn't already been baked into existing firmware? What a mess.", '13iud9d']]], ['u/rBitcoinMod', 'Daily Discussion, May 16, 2023', 33, '2023-05-16 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13i0mw4/mentor_monday_may_15_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/', '13iwn52', [['u/newsflashjackass', 13, '2023-05-16 15:20', 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/jkd1peg/', "Pressing Shift + Esc in Firefox opens its process manager, which shows each tab's ram and CPU usage.\n\nI noticed that the website I used for (obsessively) checking bitcoin prices was always the most demanding tab I had open- and it wasn't even close.\n\nThen I said screw that and found a way to display bitcoin's price in a Linux terminal. The next line will check the price of bitcoin using coingecko's API every 5 minutes (300 seconds, to be precise- that's what the number 300 does) and sleep in between so it uses minimal resources.\n\n`while true; do curl --silent -X 'GET' 'https://api.coingecko.com/api/v3/simple/price?ids=bitcoin&vs_currencies=usd' -H 'accept: application/json' \| json_pp -json_opt pretty,canonical; sleep 300; done`\n\nIt needs curl to fetch the data and json_pp to print it.\n\nPress CTRL+C to kill it when you get tired of watching bitcoin prices. As if.", '13iwn52'], ['u/One_2_Three', 11, '2023-05-16 19:43', 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/jke5iey/', 'There is a new saying now. "Get your coins off the exchanges and out of your Ledger wallet."', '13iwn52']]], ['u/DaVirus', 'DO NOT Update your Ledger, and consider moving to a different cold wallet', 1016, '2023-05-16 10:01', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/', "The most recent Ledger update allows for a new Recovery feature. This feature enables you to send your seed in shards to different custodians for later recovery.\n\nIt is obvious that this is a problem. The fact that Ledger with a firmware update is even able to share your private keys is a massive red flag.\n\nI would not consider Ledger secure anymore. Just a heads up.\n\nEdit: for people wanting sources and official statements, this is the comment thread from the Ledger Co-Founder.\nShould not convince anyone.\n\nhttps://www.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbyyfp/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=14&context=3\n\nEdit 2: it does not matter if the update can be skipped or if the feature is subscription only and you don't need to use it. The problem is that the secure element is hot.\n\nEdit 3: Ledger has pulled the update and likely cancelled the entire thing. https://www.nobsbitcoin.com/ledger-to-launch-kyc-cloud-based-recovery-service/.\nATTENTION: this might not solve anything. Even if there is no active firmware leak, we know that the secure element is able to transmit the seeds, and this is a vulnerability until proven otherwise.\n\nEdit 4: To be fair and transparent, there are some explanations of how the Recovery tool worked and how it shared the seed. Read it and see if you are comfortable with it. https://support.ledger.com/hc/en-us/articles/9579368109597-Ledger-Recover-FAQs?docs=true", 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/', '13iyous', [['u/dlq84', 29, '2023-05-16 10:28', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcbdku/', "You don't get it. They used to claim the keys were stored on a secure chip not even the firmware could access (think HSM). If this feature works like I think it does that was a complete lie.", '13iyous'], ['u/DaVirus', 13, '2023-05-16 10:32', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcblkn/', 'Exactly.', '13iyous'], ['u/Boriz0', 453, '2023-05-16 10:37', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcbx1g/', 'So, the Ledger HW wallet can export private keys now, thanks to a software update? If this is true, then it defeats the entire purpose of it.', '13iyous'], ['u/DaVirus', 275, '2023-05-16 10:37', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcbyzq/', 'Its worse than that. In theory, the hardware was always able to leak your keys if a simple firmware upgrade allows it to.', '13iyous'], ['u/Crypto-4-Freedom', 33, '2023-05-16 10:42', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcc981/', 'Time for a trezor', '13iyous'], ['u/Dr-Lavish', 21, '2023-05-16 10:47', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkccme1/', 'Whoa!! This is horrible. Wtf are they thinking? Too many customers losing their private keys perhaps? They need to address this or face losing the majority of their customer base.', '13iyous'], ['u/DaVirus', 36, '2023-05-16 10:52', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkccwu5/', 'There is no going back. The fact that their chip could share keys this all time is a massive breach of trust.', '13iyous'], ['u/Ethric_The_Mad', 14, '2023-05-16 11:07', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcdxc0/', 'Can someone just kinda walk me through how to make a paper wallet? Idk what to trust anymore.', '13iyous'], ['u/Gandhi70', 12, '2023-05-16 11:20', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcetbh/', 'Is there some more information on this? If the Ledger device is able to transmit/share the seed than it is useless.', '13iyous'], ['u/Allions1', 28, '2023-05-16 11:23', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcezvi/', 'Really concerned by this. How this was not assessed before releasing this statement and the update? It’s nonsense… they should have thought that this would be the reaction of the costumers.', '13iyous'], ['u/generateduser29128', 12, '2023-05-16 11:33', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcfo89/', "Don't use traditional paper wallets", '13iyous'], ['u/mutinomonem', 222, '2023-05-16 11:40', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcg60m/', "Yeah I'm gonna wait for ledger themselves to come out and tell us exactly how this works before I freak out and panic about anything. \n\nIt just seems very stupid of them for this to work how we think it does. They're supposed to be an industry leader.", '13iyous'], ['u/Soulprano', 18, '2023-05-16 11:44', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcgf54/', 'Bitbox', '13iyous'], ['u/MuXu96', 17, '2023-05-16 11:45', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcggvw/', "This is not confirmed as far as I know. Facts would be nice and not just drama.\n\nIt could be that for the Recovery you have to put your seed in by hand and it can't be sent out. Until this isn't confirmed you should chill a bit.\n\nI agree that this would be stupid if true and ledger is walking in the razors edge", '13iyous'], ['u/DaVirus', 20, '2023-05-16 11:50', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcgva1/', 'You have multiple good options in the cold wallet space. Trezor, Cold Card, Jade.', '13iyous'], ['u/deadleg22', 26, '2023-05-16 11:54', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkch5jm/', "Just because it's open source alone made me choose trezor.", '13iyous'], ['u/Crypto-4-Freedom', 10, '2023-05-16 11:55', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkch7pi/', 'For me the same.', '13iyous'], ['u/dima054', 11, '2023-05-16 12:01', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkchnbs/', 'yay, download a rigged private key generator', '13iyous'], ['u/chetaget', 60, '2023-05-16 12:20', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcj26p/', 'You are 100% sure this firmware update allows them to export your private key, and not just some feature where you type your recovery phrases in to the app and they save it for you?', '13iyous'], ['u/theabominablewonder', 74, '2023-05-16 12:23', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjaoj/', 'Not necessarily the unencrypted key, more likely it has a function to send the encrypted version only. Still not great though.', '13iyous'], ['u/iciEric', 10, '2023-05-16 12:24', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjdsp/', 'u/DaVirus Does the potential leak also occur with the passphrase? Are you 100% sure of what you are saying? Could you share your source?', '13iyous'], ['u/buddhistbatrachian', 39, '2023-05-16 12:25', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjge1/', 'With the trajectory we are having everything dependent on a private company generates me distrust.', '13iyous'], ['u/capturendestroy', 104, '2023-05-16 12:29', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjp88/', 'It splits your seed phrase into three encrypted shards and distributes them to three custodians: Ledger, Coincover, and EscrowTech. But first you have to sign up for this subscription based service and it costs $9.99 per month.\n\n---\n\nEdit - Here is some more information about the "Ledger Recover" service.\n\n"Ledger uses the BIP39 standard for the generation of the Secret Recovery Phrase on all of our devices. This is generated by the secure element of your device and is ONLY ever shared with you. Never us.\n\nIf you use Ledger Recover, your Ledger generates an additional backup phrase (that is NOT your Secret Recovery Phrase). Throughout this process, Ledger and our trusted providers have no access to your Secret Recovery Phrase.\n\nIf you choose to subscribe, Ledger Recover encrypts a version of your private key and splits it into three fragments (using Shamir Secret Sharing) - all of this happens on the Secure Element chip, so your Secret Recovery Phrase is not at risk. \n\nThis backup phrase is then split into three fragments. These encrypted fragments are stored by 3 different parties on cryptographically-secure Hardware Security Modules. Individually, these encrypted fragments are completely useless. When you want to restore your keys, 2 of these 3rd parties will send back their fragments to your Ledger device (and not us as an organization), which will be able to reconstitute your Secret Recovery Phrase.\n\nDecryption can ONLY happen on a Ledger’s Secure Element chip.\n\nYou need to approve the service on your Ledger, otherwise the backup is never created. There\'s no backdoor to a backup."\n\nhttps://www.reddit.com/r/ledgerwallet/comments/13j5cna/introducing_ledger_recover_answering_your/', '13iyous'], ['u/Zealousideal_Gap_522', 10, '2023-05-16 12:49', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcle5v/', 'Right, this means that wherever it physically stores the seed, the HW that stores the seed could not only just receive data but it could also transmit.', '13iyous'], ['u/Squeezitgirdle', 37, '2023-05-16 12:54', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkclu70/', "Same. Wh... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies on the back of a favorable ruling for Ripple Labs in its lawsuit with the Securities and Exchange Commission (SEC). U.S. equity futures gained as U.S. President Joe Biden and Congress reportedly made progress on raising the debt ceiling. See related article: EU\x92s MiCA gets unanimous nod from European Council Ripple gains after positive ruling Bitcoin fell 0.87% to US$27,036.75 in the 24 hours to 7:35 a.m. in Hong Kong, but lost 2.05% over the last seven days according to CoinMarketCap data. Ether edged up 0.28% to US$1,825.91, while posting a 1.10% weekly loss. Other top 10 non-stablecoin cryptocurrencies traded mixed on Wednesday morning. XRP led the gains, adding 2.68% to US$0.4399. The gain follows positive news for Ripple Labs, a payments firm that depends on XRP technology, as Judge Analisa Torres for the U.S. District Court for the Southern District of New York denied the SEC\x92s motion to seal the controversial Hinman Speech documents from the public. The document refers to a speech given by former SEC official William Hinman on June 14, 2018. In the speech, Hinman stated that the agency did not view Bitcoin or Ethereum as securities. This statement is a major point of focus in the long-running legal battle between Ripple and the SEC. The regulator accuses Ripple of providing unregistered securities. Meanwhile, Polygon\x92s Matic led losses among the top 10 non-stablecoins. It registered a loss of 2.21% to US$0.8442, with a 3.56% drop over the past seven days. The total crypto market capitalization fell 0.93% in the past 24 hours to US$1.13 trillion. The total trading volume also lost 7% to US$28.74 billion. Bitcoin to challenge Ethereum\x92s NFT supremacy? The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token market, the Forkast 500 NFT index recorded a loss of 0.13% to 3,378.53 points in the 24 hours to 7:30 a.m. in Hong Kong, down 2.32% during the week. Story continues This, said CryptoSlam NFT analyst Yehudah Petscher, can again be attributed to \x93low volume and high transacting fees from crypto trading.\x94 24-hour NFT sales on Ethereum, the leading blockchain for NFTs, rose 2.16% to US$18.6 million. Sales on the Bitcoin blockchain took second place on Cryptoslam\x92s blockchain ranking by gaining 32.11% to US$4.6 million. \x93Bitcoin NFTs are just getting started and in the long run, I expect Bitcoin to compete head-to-head with Ethereum\x92s all-time sales. It may actually exceed them too,\x94 Yehudah said. The Bored Ape Yacht Club NFT collection recorded the highest sales volume in the last 24 hours. It rose 8% to US$2.48 million. All 24 highest individual NFT sales in the past day were Bored Ape Yacht Club NFTs according to Cryptoslam. BAYC #466 sold for 98 ETH (US$178,751). Milady Maker was second in terms of NFT collection rankings by sales volume on Cryptoslam. It recorded a surge of 207.61% over the past 24 hours to US$1.3 million. The collection took the market by storm last week after Twitter and Tesla chief Elon Musk tweeted an image containing the Milady NFT. pic.twitter.com/4s6HwnCY74 \x97 Elon Musk (@elonmusk) May 10, 2023 Traders can expect a slow week ahead in the NFT market as many in the NFT community attend the VeeCon Web3 conference in Indianapolis on May 18-20. \x93Those who believe NFTs can function as access passes, art, and collectibles all in one are in for a treat,\x94 said Cryptoslam\x92s Yehudah. \x93I\x92m expecting markets to be slow while many are off networking, but we also know that degens are going to degen.\x94 U.S. stock futures gain after positive debt ceiling talks Kevin McCarthy, Speaker of the U.S. House of Representatives \| Image: Getty Images U.S. stock futures traded higher as of 9:30 a.m. in Hong Kong, while the Dow Jones Industrial Average futures rose 0.15%. The S&P 500 futures added 0.19%. The Nasdaq Composite futures also gained 0.24% as investors anticipate a solution to the U.S. debt crisis. U.S. President Joe Biden met with leaders of Congress Tuesday to hash out an agreement that would allow a rise in the debt ceiling.. On May 1, U.S. Treasury Secretary Janet Yellen warned Congress that the country will start to fail to meet debt payment obligations as early as June 1. That would result in a debt default and wider economic repercussions in the U.S. and globally. After the one-hour talk at the White House Tuesday, Biden told reporters that the discussion was productive. House Representative Kevin McCarthy appeared to agree. He said it is possible to reach an agreement on raising the debt ceiling by the end of this week. Yellen warned again Tuesday that a debt default would result in an income shock that could lead to a recession. This would destroy jobs and businesses in the country, she said. The Treasury leader called for faster action on raising the debt ceiling. She added that the country is already seeing a heavier debt burden as the stalemate drives borrowing costs higher. The Dow Jones, S&P 500 and Nasdaq Composite each posted losses during regular trading on Tuesday following earnings report releases earlier in the day. Major retailer Home Depot\x92s revenue dropped 4.2% year on year in the first quarter. Company executives warned investors it may see its first annual sales decline since 2009. Investors now await more earnings reports from Tencent Holdings, Cisco Inc., Siemens AG, Target Corp. and more on Wednesday. Federal Reserve Chair Jerome Powell is expected to share his views on interest hikes Friday ahead of the Fed\x92s next interest rate decision on June 14. The rate of between 5 and 5.25% is the highest since 2006. The CME FedWatch Tool predicts a 77.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 22.5% chance for another 25 basis-point rate hike.', 'Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies on the back of a favorable ruling for Ripple Labs in its lawsuit with the Securities and Exchange Commission (SEC). U.S. equity futures gained as U.S. President Joe Biden and Congress reportedly made progress on raising the debt ceiling.\nSee related article:EU’s MiCA gets unanimous nod from European Council\nBitcoin fell 0.87% to US$27,036.75 in the 24 hours to 7:35 a.m. in Hong Kong, but lost 2.05% over the last seven days according to CoinMarketCap data.\nEther edged up 0.28% to US$1,825.91, while posting a 1.10% weekly loss.\nOther top 10 non-stablecoin cryptocurrencies traded mixed on Wednesday morning. XRP led the gains, adding 2.68% to US$0.4399.\nThe gain follows positive news for Ripple Labs, a payments firm that depends on XRP technology, as Judge Analisa Torres for the U.S. District Court for the Southern District of New Yorkdeniedthe SEC’s motion to seal the controversial Hinman Speech documents from the public.\nThe document refers to a speech given by former SEC official William Hinman on June 14, 2018. In the speech, Hinman stated that the agency did not view Bitcoin or Ethereum as securities. This statement is a major point of focus in the long-running legal battle between Ripple and the SEC. The regulator accuses Ripple of providing unregistered securities.\nMeanwhile, Polygon’s Matic led losses among the top 10 non-stablecoins. It registered a loss of 2.21% to US$0.8442, with a 3.56% drop over the past seven days.\nThe total crypto market capitalization fell 0.93% in the past 24 hours to US$1.13 trillion. The total trading volume also lost 7% to US$28.74 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index recorded a loss of 0.13% to 3,378.53 points in the 24 hours to 7:30 a.m. in Hong Kong, down 2.32% during the week.\nThis, said CryptoSlam NFT analyst Yehudah Petscher, can again be attributed to “low volume and high transacting fees from crypto trading.”\n24-hour NFT sales on Ethereum, the leading blockchain for NFTs, rose 2.16% to US$18.6 million. Sales on the Bitcoin blockchain took second place on Cryptoslam’s blockchainrankingby gaining 32.11% to US$4.6 million.\n“Bitcoin NFTs are just getting started and in the long run, I expect Bitcoin to compete head-to-head with Ethereum’s all-time sales. It may actually exceed them too,” Yehudah said.\nThe Bored Ape Yacht Club NFT collection recorded the highest sales volume in the last 24 hours. It rose 8% to US$2.48 million. All 24 highest individual NFT sales in the past day were Bored Ape Yacht Club NFTs according to Cryptoslam. BAYC #466 sold for 98 ETH (US$178,751).\nMilady Maker was second in terms of NFT collection rankings by sales volume on Cryptoslam. It recorded a surge of 207.61% over the past 24 hours to US$1.3 million. The collection took the market by storm last week after Twitter and Tesla chiefElon Musktweeted an image containing the Milady NFT.\nTraders can expect a slow week ahead in the NFT market as many in the NFT community attend the VeeCon Web3 conference in Indianapolis on May 18-20.\n“Those who believe NFTs can function as access passes, art, and collectibles all in one are in for a treat,” said Cryptoslam’s Yehudah. “I’m expecting markets to be slow while many are off networking, but we also know that degens are going to degen.”\nU.S. stock futures traded higher as of 9:30 a.m. in Hong Kong, while the Dow Jones Industrial Average futures rose 0.15%. The S&P 500 futures added 0.19%. The Nasdaq Composite futures also gained 0.24% as investors anticipate a solution to the U.S. debt crisis.\nU.S. President Joe Biden met with leaders of Congress Tuesday to hash out an agreement that would allow a rise in the debt ceiling..\nOn May 1, U.S. Treasury Secretary Janet Yellen warned Congress that the country will start to fail to meet debt payment obligations as early as June 1. That would result in a debt default and wider economic repercussions in the U.S. and globally.\nAfter the one-hour talk at the White House Tuesday, Biden told reporters that the discussion was productive. House Representative Kevin McCarthy appeared to agree. He said it is possible to reach an agreement on raising the debt ceiling by the end of this week.\nYellenwarnedagain Tuesday that a debt default would result in an income shock that could lead to a recession. This would destroy jobs and businesses in the country, she said. The Treasury leader called for faster action on raising the debt ceiling. She added that the country is already seeing a heavier debt burden as the stalemate drives borrowing costs higher.\nThe Dow Jones, S&P 500 and Nasdaq Composite each posted losses during regular trading on Tuesday following earnings report releases earlier in the day. Major retailerHome Depot’srevenue dropped 4.2% year on year in the first quarter. Company executives warned investors it may see its first annual sales decline since 2009.\nInvestors now await more earnings reports from Tencent Holdings, Cisco Inc., Siemens AG, Target Corp. and more on Wednesday.\nFederal Reserve Chair Jerome Powell is expected to share his views on interest hikes Friday ahead of the Fed’s next interest rate decision on June 14. The rate of between 5 and 5.25% is the highest since 2006. The CME FedWatch Tool predicts a 77.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 22.5% chance for another 25 basis-point rate hike.', 'Kyle White agrees to his second entrepreneurial exit after Interstellar Digital acquisition Miami, FL, May 16, 2023 (GLOBE NEWSWIRE) -- Interstellar Digital LLP, a leading venture marketing agency founded by Kyle White and Maria Lobanova, has been acquired in full by new LLC, to focus more on public relations, branding, and communication for an undisclosed sum. The acquisition will create Interstellar Digital LLC based in Miami that will offer a full range of digital services to clients across various industries including blockchain technologies and non-fungible tokens. Interstellar Digital is led by Maria Lobanova who has a 10 plus year history delivering success to clients. Kyle White will remain on as a Partner Advisor with the new company, bringing his expertise and experience in scaling startups and structuring communication success. The acquisition makes this Kyle’s second successful exit from a startup he founded in his career. He is also a sought-after speaker, analyst, and author on blockchain topics having first utilized crypto in 2015. Kyle is an experienced venture marketing Advisor and M&A Executive for over 15 companies raising over $600 million in funding and worked on over $2 billion in acquisitions. “I’m thrilled to see Maria Lobanova and her team at Interstellar Digital LLC set up this new structure,” said White. “Maria is a visionary leader who shares my passion for creating impactful solutions for clients. Together, we delivered exceptional results and value helping Interstellardigital.io to continue to thrive under her leadership.” Maria Lobanova will continue on as the CEO of the Interstellar Digital LLP public relations agency. In addition to Interstellar Digital, she is a contributor to top media outlets including Bitcoin Magazine, HackerNoon, and GQ. Maria started in the crypto industry in 2016 meeting with Vitalik Buterin in Moscow early on in her career. Maria has organized tier one crypto events like Cryptospace Moscow with top industry leaders including the CGO of Binance, the CEO of eToro, and CEO of Metaverse. During CryptoRunway at Art Basel in Miami she spoke on the panel with the CEO of Rarible and the CEO of Doodles. Maria organized the Crypto Gala in Miami sponsored by Polygon, Securitize and other notable companies as well as the Gam3r’s Choice Awards. Story continues “I’m delighted to have acquired Interstellar Digital LLP in full,” said Lobanova. “Kyle is a blockchain legend who has built an impressive portfolio of clients and projects over the years. His expertise and insights will continue to be invaluable to Interstellar Digital.” Interstellar Digital LLC will operate in Miami but continue to have a global presence. The company will continue to offer its signature services such as public relations, communications, influencer marketing, social media management, community management, and event planning. Interstellar Digital LLC offers a full range of digital marketing services to clients across various industries like web3, blockchain, AI, and high tech. The company was formed by the acquisition of Interstellar Digital Partnership by Maria Lobanova. The acquisition of Interstellar LLP marks Kyle White’s second successful entrepreneurial exit and he will remain as a Partner advisor with the new company. For more information, visit interstellardigital.io or follow @interstellardigitalpr on Instagram. Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Media Contact : Contact : Maria Lobanova Email : [email protected] Location : Miami, FL Source:\xa0 Interstellar Digital', 'Kyle White agrees to his second entrepreneurial exit after Interstellar Digital acquisition\nMiami, FL, May 16, 2023 (GLOBE NEWSWIRE) -- Interstellar Digital LLP, a leading venture marketing agency founded by Kyle White and Maria Lobanova, has been acquired in full by new LLC, to focus more on public relations, branding, and communication for an undisclosed sum. The acquisition will create Interstellar Digital LLC based in Miami that will offer a full range of digital services to clients across various industries including blockchain technologies and non-fungible tokens. Interstellar Digital is led by Maria Lobanova who has a 10 plus year history delivering success to clients.\nKyle White will remain on as a Partner Advisor with the new company, bringing his expertise and experience in scaling startups and structuring communication success. The acquisition makes this Kyle’s second successful exit from a startup he founded in his career. He is also a sought-after speaker, analyst, and author on blockchain topics having first utilized crypto in 2015. Kyle is an experienced venture marketing Advisor and M&A Executive for over 15 companies raising over $600 million in funding and worked on over $2 billion in acquisitions.\n“I’m thrilled to see Maria Lobanova and her team at Interstellar Digital LLC set up this new structure,” said White. “Maria is a visionary leader who shares my passion for creating impactful solutions for clients. Together, we delivered exceptional results and value helping Interstellardigital.io to continue to thrive under her leadership.”\nMaria Lobanova will continue on as the CEO of the Interstellar Digital LLP public relations agency. In addition to Interstellar Digital, she is a contributor to top media outlets including Bitcoin Magazine, HackerNoon, and GQ. Maria started in the crypto industry in 2016 meeting with Vitalik Buterin in Moscow early on in her career. Maria has organized tier one crypto events like Cryptospace Moscow with top industry leaders including the CGO of Binance, the CEO of eToro, and CEO of Metaverse. During CryptoRunway at Art Basel in Miami she spoke on the panel with the CEO of Rarible and the CEO of Doodles. Maria organized the Crypto Gala in Miami sponsored by Polygon, Securitize and other notable companies as well as the Gam3r’s Choice Awards.\n“I’m delighted to have acquired Interstellar Digital LLP in full,” said Lobanova. “Kyle is a blockchain legend who has built an impressive portfolio of clients and projects over the years. His expertise and insights will continue to be invaluable to Interstellar Digital.”\nInterstellar Digital LLC will operate in Miami but continue to have a global presence. The company will continue to offer its signature services such as public relations, communications, influencer marketing, social media management, community management, and event planning.\nInterstellar Digital LLC offers a full range of digital marketing services to clients across various industries like web3, blockchain, AI, and high tech. The company was formed by the acquisition of Interstellar Digital Partnership by Maria Lobanova. The acquisition of Interstellar LLP marks Kyle White’s second successful entrepreneurial exit and he will remain as a Partner advisor with the new company. For more information, visit interstellardigital.io or follow @interstellardigitalpr on Instagram.\nDisclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.\nMedia Contact :\nContact : Maria Lobanova\nEmail : [email protected]\nLocation : Miami, FL\nSource:\xa0 Interstellar Digital', "Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Lightning Labs, a company that develops infrastructure for the Lightning Network, has announced the launch of Taproot Assets, a new way to create and use tokens on top of Bitcoin. Taproot Assets is a rebranding of the Taro project, which was first revealed in 2022. Taproot Assets allows users to issue and transfer tokens on the Lightning Network, a layer-2 scaling solution that enables fast and cheap transactions on Bitcoin. Unlike BRC-20 tokens, which have caused congestion and high fees on the network, Taproot Assets is focused on asset issuance on top of Bitcoin in a cheap and efficient manner. Taproot is a major improvement to Bitcoin's privacy and scalability, as it allows users to hide complex scripts inside simple public keys. Taproot Assets uses this feature to create tokens that look like regular Bitcoin transactions. Taproot Assets can be used for various purposes, such as loyalty points, stablecoins, non-fungible tokens (NFTs), gaming items, and more. Notably, the creator of the BRC-20 standard has referred to Taproot Assets as an “unequivocally” better solution.", "Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Lightning Labs, a company that develops infrastructure for the Lightning Network, has announced the launch of Taproot Assets, a new way to create and use tokens on top of Bitcoin. Taproot Assets is a rebranding of the Taro project, which was first revealed in 2022. Taproot Assets allows users to issue and transfer tokens on the Lightning Network, a layer-2 scaling solution that enables fast and cheap transactions on Bitcoin. Unlike BRC-20 tokens, which have caused congestion and high fees on the network, Taproot Assets is focused on asset issuance on top of Bitcoin in a cheap and efficient manner. Taproot is a major improvement to Bitcoin's privacy and scalability, as it allows users to hide complex scripts inside simple public keys. Taproot Assets uses this feature to create tokens that look like regular Bitcoin transactions. Taproot Assets can be used for various purposes, such as loyalty points, stablecoins, non-fungible tokens (NFTs), gaming items, and more. Notably, the creator of the BRC-20 standard has referred to Taproot Assets as an “unequivocally” better solution.", 'Are you interested in cryptocurrency trading but feeling overwhelmed by the complexities of the market? Look no further! In this blog post, we will discuss the top 5 mistakes to avoid when trading crypto, including popular currencies such as Bitcoin, Ethereum , and others. Crypto trading has gained popularity in recent years due to its potential for high returns, but it also involves risks and requires a thorough understanding of the market. That’s why we’ve compiled a list of the top 5 mistakes that even experienced traders make when trading crypto. Whether you’re new to the world of cryptocurrency or a seasoned trader, this blog post will provide valuable insights and practical tips to help you navigate the crypto market with confidence. So, let’s dive in and discover the common pitfalls to avoid when trading popular cryptocurrencies such as Ethereum. Five Crypto Trading Mistakes To Avoid FOMO (Fear of Missing Out) FOMO, or Fear of Missing Out, is a common emotion experienced by traders in the crypto market. It occurs when a trader feels the urge to buy or sell a particular cryptocurrency due to the fear of missing out on potential profits or market trends. FOMO can lead to impulsive buying and selling decisions, which can result in significant losses. To avoid FOMO, traders can set trading rules and stick to them, such as setting stop-loss orders and avoiding trading based on emotions. It’s essential to conduct thorough research and make informed decisions rather than acting solely on the fear of missing out. Lack of Research Conducting thorough research is crucial before investing in any cryptocurrency. Lack of research can lead to investing in scam projects or unstable cryptocurrencies, resulting in significant financial losses. To avoid such situations, it’s essential to conduct extensive research, read whitepapers, study market trends, and analyze the project’s fundamentals. Traders should also avoid investing in cryptocurrencies based solely on hype or social media buzz. By doing proper research, investors can make informed decisions and mitigate the risks associated with investing in the crypto market. Story continues Overtrading Overtrading is a common mistake in the crypto market where traders execute too many trades in a short period, resulting in negative impacts on their portfolios. Overtrading can lead to unnecessary losses, missed opportunities, and increased transaction costs. Traders should set trading limits and avoid making impulsive trading decisions. It’s also essential to take breaks to avoid becoming emotionally attached to a particular trade or market trend. By developing a trading strategy and sticking to it, traders can avoid the negative impacts of overtrading and make more informed trading decisions. Ignoring Risk Management Ignoring risk management is a critical mistake in crypto trading. It has the potential to result in substantial losses and even financial ruin. Traders should prioritize risk management by diversifying their portfolios, setting stop-loss orders, and maintaining a proper risk-to-reward ratio. It’s essential to understand the risks associated with each trade and take necessary precautions to mitigate them. By implementing proper risk management strategies, traders can minimize their losses and maximize their profits in the volatile crypto market. Following the Crowd Following the crowd can be a mistake in crypto trading as it can lead to making decisions based on hype rather than fundamental analysis. Blindly following the crowd can result in losses and missed opportunities as market trends can change quickly. To avoid following the crowd, traders should conduct independent research, study market trends, and trust their own analysis. It’s essential to have a trading plan and stick to it, even if it goes against the current market sentiment. By avoiding herd mentality, traders can make informed decisions and maximize their profits in the dynamic crypto market. Conclusion Being aware of these mistakes is crucial for traders to avoid unnecessary losses and maximize their profits. Traders should prioritize risk management, conduct thorough research, stick to their trading plan, and avoid impulsive decisions based on emotions or social media buzz. By continuing to learn and improve their trading skills, traders can achieve success in the dynamic and volatile crypto market. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'Are you interested in cryptocurrency trading but feeling overwhelmed by the complexities of the market? Look no further! In this blog post, we will discuss the top 5 mistakes to avoid when trading crypto, including popular currencies such as Bitcoin, Ethereum , and others. Crypto trading has gained popularity in recent years due to its potential for high returns, but it also involves risks and requires a thorough understanding of the market. That’s why we’ve compiled a list of the top 5 mistakes that even experienced traders make when trading crypto. Whether you’re new to the world of cryptocurrency or a seasoned trader, this blog post will provide valuable insights and practical tips to help you navigate the crypto market with confidence. So, let’s dive in and discover the common pitfalls to avoid when trading popular cryptocurrencies such as Ethereum. Five Crypto Trading Mistakes To Avoid FOMO (Fear of Missing Out) FOMO, or Fear of Missing Out, is a common emotion experienced by traders in the crypto market. It occurs when a trader feels the urge to buy or sell a particular cryptocurrency due to the fear of missing out on potential profits or market trends. FOMO can lead to impulsive buying and selling decisions, which can result in significant losses. To avoid FOMO, traders can set trading rules and stick to them, such as setting stop-loss orders and avoiding trading based on emotions. It’s essential to conduct thorough research and make informed decisions rather than acting solely on the fear of missing out. Lack of Research Conducting thorough research is crucial before investing in any cryptocurrency. Lack of research can lead to investing in scam projects or unstable cryptocurrencies, resulting in significant financial losses. To avoid such situations, it’s essential to conduct extensive research, read whitepapers, study market trends, and analyze the project’s fundamentals. Traders should also avoid investing in cryptocurrencies based solely on hype or social media buzz. By doing proper research, investors can make informed decisions and mitigate the risks associated with investing in the crypto market. Story continues Overtrading Overtrading is a common mistake in the crypto market where traders execute too many trades in a short period, resulting in negative impacts on their portfolios. Overtrading can lead to unnecessary losses, missed opportunities, and increased transaction costs. Traders should set trading limits and avoid making impulsive trading decisions. It’s also essential to take breaks to avoid becoming emotionally attached to a particular trade or market trend. By developing a trading strategy and sticking to it, traders can avoid the negative impacts of overtrading and make more informed trading decisions. Ignoring Risk Management Ignoring risk management is a critical mistake in crypto trading. It has the potential to result in substantial losses and even financial ruin. Traders should prioritize risk management by diversifying their portfolios, setting stop-loss orders, and maintaining a proper risk-to-reward ratio. It’s essential to understand the risks associated with each trade and take necessary precautions to mitigate them. By implementing proper risk management strategies, traders can minimize their losses and maximize their profits in the volatile crypto market. Following the Crowd Following the crowd can be a mistake in crypto trading as it can lead to making decisions based on hype rather than fundamental analysis. Blindly following the crowd can result in losses and missed opportunities as market trends can change quickly. To avoid following the crowd, traders should conduct independent research, study market trends, and trust their own analysis. It’s essential to have a trading plan and stick to it, even if it goes against the current market sentiment. By avoiding herd mentality, traders can make informed decisions and maximize their profits in the dynamic crypto market. Conclusion Being aware of these mistakes is crucial for traders to avoid unnecessary losses and maximize their profits. Traders should prioritize risk management, conduct thorough research, stick to their trading plan, and avoid impulsive decisions based on emotions or social media buzz. By continuing to learn and improve their trading skills, traders can achieve success in the dynamic and volatile crypto market. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'Traders work the floor of the New York Stock Exchange during morning trading on May 05, 2022 in New York City. Michael M. Santiago/Getty US stocks dropped on Tuesday as the debt ceiling deadline quickly approaches with no deal yet to be had. President Joe Biden and House Speaker Kevin McCarthy were scheduled to continue their negotiations. Treasury Secretary Janet Yellen warned that "time is running out" on a debt ceiling agreement. US stocks traded lower on Tuesday as investor stress about the ongoing debt ceiling showdown outweighed the strength seen in mega-cap tech stocks. Alphabet and Amazon both surged more than 2%, while Microsoft jumped 1%. Apple stock was up about 0.5%. President Joe Biden and House Speaker Kevin McCarthy met at 3 p.m. today to further negotiate on a potential debt ceiling deal, and time is running out as Biden prepares to travel to Asia for a foreign policy trip. The Biden administration said the President would cut his trip short and come home early to ensure a deal gets done in Congress. Meanwhile, Treasury Secretary Janet Yellen warned that "time is running out" and that the debt ceiling showdown is already impacting Americans. "Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the US economy," Yellen said in prepared remarks to a banking conference on Tuesday. "We are already seeing the impacts of brinksmanship: investors have become more reluctant to hold government debt that matures in early June." Also weighing on stocks on Tuesday were earnings results from Home Depot, which revealed weaker-than-expected guidance as consumers focus on smaller home improvement projects. Here\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday: S&P 500 : 4,109.90, down 0.64% Dow Jones Industrial Average : 33,012.14, down 1.01% (336.46 points) Nasdaq Composite : 1 2,343.05, down 0.18% Here\'s what else happened today: Quarterly 13F filings from top investment managers were filed on Monday. Here\'s what Warren Buffett, Michael Burry , Bill Ackman , Stanley Druckenmiller , and the Mormon church did with their money last quarter. Morgan Stanley\'s Mike Wilson warned that the debt-ceiling deadlock in Congress could be a "lose-lose event" for the stock market as volatility heats up. A slew of Wall Street banks warned that the eye-popping rally in tech stocks this year may be about to end as the potential for an economic downturn increases. RH stock plunged 8% after Berkshire Hathaway dumped its entire stake in the home furnishings company. Bank of America said the expected resumption of student loan payments would weaken the consumer later this year. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 0.63% to $70.66 per barrel. Brent crude , oil\'s international benchmark, dropped 0.66% to $74.73. Gold fell 1.42% to $1,993.90 per ounce. The yield on the 10-year Treasury jumped 3 basis points to 3.54%. Bitcoin dropped 0.83% to $26,948, while ether rose 0.03% to $1,817. Read the original article on Business Insider', '• US stocks dropped on Tuesday as the debt ceiling deadline quickly approaches with no deal yet to be had.\n• President Joe Biden and House Speaker Kevin McCarthy were scheduled to continue their negotiations.\n• Treasury Secretary Janet Yellen warned that "time is running out" on a debt ceiling agreement.\nUS stocks traded lower on Tuesday as investor stress about the ongoing debt ceiling showdown outweighed the strength seen in mega-cap tech stocks.\nAlphabetandAmazonboth surged more than 2%, whileMicrosoftjumped 1%.Applestock was up about 0.5%.\nPresident Joe Biden and House Speaker Kevin McCarthy met at 3 p.m. today to further negotiate on a potential debt ceiling deal, and time is running out as Biden prepares to travel to Asia for a foreign policy trip. The Biden administration said the President would cut his trip short and come home early to ensure a deal gets done in Congress.\nMeanwhile, Treasury Secretary Janet Yellen warned that "time is running out" and that the debt ceiling showdown is already impacting Americans.\n"Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the US economy," Yellensaid in prepared remarksto a banking conference on Tuesday. "We are already seeing the impacts of brinksmanship: investors have become more reluctant to hold government debt that matures in early June."\nAlso weighing on stocks on Tuesdaywere earnings results from Home Depot,which revealed weaker-than-expected guidance as consumers focus on smaller home improvement projects.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday:\n• S&P 500:4,109.90, down 0.64%\n• Dow Jones Industrial Average:33,012.14, down 1.01% (336.46 points)\n• Nasdaq Composite: 12,343.05, down 0.18%\nHere\'s what else happened today:\n• Quarterly 13F filings from top investment managers were filed on Monday. Here\'s whatWarren Buffett,Michael Burry,Bill Ackman,Stanley Druckenmiller, and theMormon churchdid with their money last quarter.\n• Morgan Stanley\'s Mike Wilson warned that the debt-ceiling deadlock in Congresscould be a "lose-lose event" for the stock marketas volatility heats up.\n• A slew of Wall Street banks warned that the eye-popping rally in tech stocks this yearmay be about to end as the potential for an economic downturn increases.\n• RH stock plunged 8%after Berkshire Hathaway dumped its entire stake in the home furnishings company.\n• Bank of America said the expectedresumption of student loan payments would weaken the consumerlater this year.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 0.63% to $70.66 per barrel.Brent crude, oil\'s international benchmark, dropped 0.66% to $74.73.\n• Goldfell 1.42% to $1,993.90 per ounce.\n• The yield on the 10-year Treasury jumped 3 basis points to 3.54%.\n• Bitcoin dropped 0.83% to $26,948, while ether rose 0.03% to $1,817.\nRead the original article onBusiness Insider', 'Cryptocurrency Investing in cryptocurrency is no different to gambling and should be regulated as such, MPs have demanded. The Treasury Select Committee said cryptocurrencies pose significant risks to consumers because of their volatile prices and the risk of losses. In a report, MPs said regulating consumer crypto as a financial service – as proposed by the Government – could lead consumers to believe they are safe and protected when they are not. They said experts have called for levies to be added to speculative activity in cryptocurrencies to support debt advice and addiction services. The report said tougher controls could clamp down on investors getting misinformed by crypto companies, especially on social media platforms. As many as four in five investors in Bitcoin between 2015 to 2022 were likely to have lost money, according to cited research by the Bank for International Settlements. Several high-profile crypto companies failed in 2022, including the FTX cryptocurrency exchange. MPs pointed out that gambling is regulated by its own body – the Gambling Commission – which provides advice and guidance to individuals and businesses, including on the prevention of problem gambling, and applies safeguards such as anti-money laundering and counter terrorist finance checks. The FCA said 85pc of cryptoasset firms applying for registration under the FCA’s Anti-Money Laundering and Counter Terrorist Finance regime were rejected. Harriet Baldwin, chairman of the Treasury Select Committee, said large parts of the cryptoasset industry were still a “wild west”. She said: “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry. “However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. Story continues “By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.” MPs said public resources should not be used to support cryptoasset activities without a clear, beneficial reason, criticising the release of the Royal Mint NFT. The Government had asked the Royal Mint to produce an “NFT for Britain” as part of its goals to “make the UK a global hub for crypto-asset technology and investment”. But MPs said it was not the Government’s role to promote particular technological innovations for their own sake. Around 10pc of adults in the UK hold or have held cryptoassets, according to HM Revenue & Customs.', 'Investing in cryptocurrency is no different to gambling and should be regulated as such, MPs have demanded.\nThe Treasury Select Committee saidcryptocurrencies pose significant risks to consumersbecause of their volatile prices and the risk of losses.\nIn a report, MPs said regulating consumer crypto as a financial service – as proposed by the Government – could lead consumers to believe they are safe and protected when they are not.\nThey said experts have called for levies to be added to speculative activity in cryptocurrencies to support debt advice and addiction services.\nThe report saidtougher controls could clamp down on investors getting misinformedby crypto companies, especially on social media platforms.\nAs many as four in five investors in Bitcoin between 2015 to 2022 were likely to have lost money, according to cited research by the Bank for International Settlements.\nSeveral high-profile crypto companies failed in 2022,including the FTX cryptocurrency exchange.\nMPs pointed out that gambling is regulated by its own body – the Gambling Commission – which provides advice and guidance to individuals and businesses, including on the prevention of problem gambling, and applies safeguards such as anti-money laundering and counter terrorist finance checks.\nThe FCA said 85pc of cryptoasset firms applying for registration under the FCA’s Anti-Money Laundering and Counter Terrorist Finance regime were rejected.\nHarriet Baldwin, chairman of the Treasury Select Committee, said large parts of the cryptoasset industry were still a “wild west”.\nShe said: “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry.\n“However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such.\n“By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.”\nMPs said public resources should not be used to support cryptoasset activities without a clear, beneficial reason,criticising the release of the Royal Mint NFT.\nThe Government had asked the Royal Mint to produce an “NFT for Britain” as part of its goals to “make the UK a global hub for crypto-asset technology and investment”.\nBut MPs said it was not the Government’s role to promote particular technological innovations for their own sake.Around 10pc of adults in the UK hold or have held cryptoassets, according to HM Revenue & Customs.', "Dogecoin's daily transaction volume rose tenfold from the average daily earlier this week to set a lifetime peak following the launch of a new mechanism that now allows the issuance of tokens on the Dogecoin blockchain.\nThe network saw over 645,000 transactions on Sunday, data fromBitInfoChartsshows, briefly crossing both Bitcoin and Litecoin transactions that day before falling back to previous levels as of Wednesday.\nHistorical data shows Dogecoin typically sees around 20,000 daily transactions However, the introduction of the DRC-20 token standard on May 9 has led to an immediate increase in network activity.\nThese standards allow developers to issue tokens that take network fees in the form of dogecoin (DOGE). This adds to the value proposition for dogecoin and lays the path for potential decentralized finance (DeFi) services built on the blockchain.\nDespite the bump in transactions, not everyone is amused with the DRC-20 token deployment. Critics point out that DRC-20 may lead to network congestion and that it moves away from dogecoin's aim of being used as an everyday currency.\n“The DRC-20 Dogecoin community should stop this shameless hype,”wrote oneDogecoin community member on Twitter. “Everyone should probably focus on the transactional currency use case,”said another.\nHigh fees and network congestion are valid concerns for any blockchain as they may lead to the network becoming expensive, and slow, for everyday users – damping adoption plans.\nBitcoin’s own ‘Bitcoin Request for Comment’ (BRC-20) standard went live in March last month, opening the floodgates totwo-year high feesas a Bitcoin-based meme coin trading frenzy gained notoriety on the network.", "Dogecoin's daily transaction volume rose tenfold from the average daily earlier this week to set a lifetime peak following the launch of a new mechanism that now allows the issuance of tokens on the Dogecoin blockchain. The network saw over 645,000 transactions on Sunday, data from BitInfoCharts shows, briefly crossing both Bitcoin and Litecoin transactions that day before falling back to previous levels as of Wednesday. Dogecoin transactions bumped over Bitcoin briefly earlier this week. (BitInfoCharts) Historical data shows Dogecoin typically sees around 20,000 daily transactions However, the introduction of the DRC-20 token standard on May 9 has led to an immediate increase in network activity. These standards allow developers to issue tokens that take network fees in the form of dogecoin (DOGE). This adds to the value proposition for dogecoin and lays the path for potential decentralized finance (DeFi) services built on the blockchain. DRC-20 Attracts Criticism Despite the bump in transactions, not everyone is amused with the DRC-20 token deployment. Critics point out that DRC-20 may lead to network congestion and that it moves away from dogecoin's aim of being used as an everyday currency. “The DRC-20 Dogecoin community should stop this shameless hype,” wrote one Dogecoin community member on Twitter. “Everyone should probably focus on the transactional currency use case,” said another . High fees and network congestion are valid concerns for any blockchain as they may lead to the network becoming expensive, and slow, for everyday users – damping adoption plans. Bitcoin’s own ‘Bitcoin Request for Comment’ (BRC-20) standard went live in March last month, opening the floodgates to two-year high fees as a Bitcoin-based meme coin trading frenzy gained notoriety on the network.", 'Bitcoin (Alamy Stock Photo) Just one year ago \x96 April 4 2022 to be exact \x96 the government unveiled plans to make the UK a \x93global cryptoasset technology hub\x94. We would be at \x93the cutting edge\x94 of this new tech and encourage \x93further development of the\x85market\x94. This sounded like a sop to fashion then and looks plain daft now. Sure enough, the Treasury select committee now says we should ditch plans to regulate crypto as if it were a legitimate part of the financial services industry and treat it as if it were just another form of gambling. Which it is. There were whines today from predictable quarters, folk with job titles like \x93Crypto & Digital Assets Technical Director\x94, that the MPs just don\x92t get bitcoin . Maybe they get it well enough. The way to think about bitcoin and the rest is as an equity. If you buy some \x96 I own about £500 worth, at least it used to be £500 \x96 what you are paying for is a share in a company that has no real revenues. It is a speculative dotcom stock, like many of those that failed in the original internet boom and bust back in the early 2000s. Fans baulk at this description, but they are blinded by belief. They think bitcoin is going to save the world, or at least rescue it from the clutches of the evil central bankers. Committee chair Harriet Baldwin has it right. Crypto has \x93no intrinsic value, huge price volatility and no discernible social good\x94. In other words, it\x92s like a William Hill shop and should be treated as such. We can leave the global crypto tech hub to somewhere else', 'Formula One roared into town on May 5, bringing with it a who’s who of the global elite, and potential conflicts of interests for Miami Mayor Francis Suarez, who was in the center of it all, sporting $14,000 passes to the track’s most luxurious viewing suite — and calling it all part of the job, in a statement from his office to the Herald. For the second year in a row, Suarez made the rounds to star-studded after-parties, where hosts tied to local lobbying efforts waived steep cover charges for elected officials. The mayor, accompanied by his wife at some events, reportedly promised a headlining celebrity chef that the opening of his Miami restaurant would not be tripped up by permitting problems. If Suarez paid the cover for each event he and his wife attended, their Grand Prix weekend would have cost him well over $30,000 — more than seven months’ pay for the average Miamian. Suarez — a corporate attorney and part-time mayor who converts his $96,000 public salary to Bitcoin — won’t say who paid for his weekend of luxury. Nor did he file a quarterly ethics commission report disclosing any sponsors behind a similar tour of the Formula One party circuit he made last year, as is legally required when an elected official receives complimentary admissions or free tickets from anyone outside of their immediate family. Aside from one hospitality group that said Suarez was given complimentary access to its $6,000 per-person dinner, it’s still unclear who else might have provided freebies to the mayor. Without more information, it’s impossible to know whether Suarez violated another provision of Florida ethics laws, one that prohibits elected officials from accepting gifts of more than a nominal value from city vendors, lobbyists, or their employers, partners or principals. READ MORE: This billionaire and major DeSantis donor gave Miami Mayor Francis Suarez $1 million As Suarez teases a bid for president, ethics experts caution that even in cases where no laws are broken, accepting such lavish gifts can create the appearance of impropriety and erode public trust. Story continues Pamela Liebman, CEO of the New York real estate giant The Corcoran Group, posted a photo on Instagram with Mayor Francis Suarez with whom she spent the second day of the Miami Grand Prix. Both wear Saturday credentials to the exclusive Paddock Club. Instagram Merrett Stierheim, a former Miami-Dade County and Miami city manager and schools superintendent, said while mayors are expected to attend community events, he would think twice before accepting such valuable invitations. “I can understand as mayor he is called upon to attend many functions, but when you go to a party or a race w Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $520,977,854,800 - Hash Rate: 381818888.7107919 - Transaction Count: 583454.0 - Unique Addresses: 627113.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Michael M. Santiago/Getty Images US stocks slipped on Friday as investors digest a wave of large-cap bank earnings. JPMorgan, Wells Fargo, and Citigroup all posted better-than-feared earnings results. Retail sales in March came in weaker than expected, signaling consumers are pulling back on big ticket purchases. US stocks edged lower on Friday as investors sifted through the first wave of first-quarter earnings results from the largest US banks. JPMorgan , Wells Fargo , and Citigroup all posted better-than-expected profit results as the banks benefited from a surge in interest rates. The banks also offered a solid outlook on future net interest income and JPMorgan CEO said he the economy remains resilient. "The U.S. economy continues to be on generally healthy footings — consumers are still spending and have strong balance sheets, and businesses are in good shape," JPMorgan CEO Jamie Dimon said. Despite the solid earnings results from the big bank, weak retail sales in March weighed down stock prices in early trades. Retail sales fell 1% last month, more than the expected decline of just -0.4%. The March retail sales data extended the decline seen in February and was driven by consumers pulling back on big-ticket item purchases like cars. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Friday: S&P 500 : 4,142.75, down 0.08% Dow Jones Industrial Average : 34,032.57, down 0.01% (2.10 points) Nasdaq Composite : 12,117.64, down 0.4% Here's what else is happening this morning: A top investor in Charles Schwab dumped its entire $1.4 billion stake as the brokerage fell victim to turmoil in the banking sector. There is no banking crisis – and unease in the sector will help the Federal Reserve to cool inflation, the head of the International Monetary Fund says. Jeremy Grantham stayed consistent with his bearish view on stocks in a recent interview, saying that the S&P 500 will tank at least 27% as a recession hits the economy. Ethereum's native token ether has surged to top $2,000 and is trading at an 11-month high after the blockchain network completed a long-awaited upgrade that unlocks some investors' tokens. Jimmy and Dee Haslam are set to buy a minority stake in the Milwaukee Bucks after they sold their gas station business to Warren Buffett's Berkshire Hathaway. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 0.33% to $82.43 per barrel. Brent crude , oil's international benchmark, jumped 0.21% to $86.27. Gold fell 0.91% to $2,036.50 per ounce. The yield on the 10-year Treasury jumped five basis points to 3.49%. Bitcoin fell 0.23% to $20,662, while ether fell 0.59% to $2,099. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks. Insights: A federal judge denied the SEC\'s bid to conceal documents related to Hinman\'s 2018 ether speech, possibly shedding light on the rationale behind this pivotal announcement amidst Ripple\'s lawsuit. Now, for the sake of the industry, show us the emails. Prices CoinDesk Market Index (CMI) 1,177 +12.6 ▲ 1.1% Bitcoin (BTC) $27,403 +363.6 ▲ 1.3% Ethereum (ETH) $1,822 −2.2 ▼ 0.1% S&P 500 4,158.77 +48.9 ▲ 1.2% Gold $1,986 −2.4 ▼ 0.1% Nikkei 225 30,093.59 +250.6 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,177 +12.6 ▲ 1.1% Bitcoin (BTC) $27,403 +363.6 ▲ 1.3% Ethereum (ETH) $1,822 −2.2 ▼ 0.1% S&P 500 4,158.77 +48.9 ▲ 1.2% Gold $1,986 −2.4 ▼ 0.1% Nikkei 225 30,093.59 +250.6 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin Good morning Asia. Bitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto. Bitcoin is opening the Asia trading day up 1.3% to $27,403, while ether is down 0.1% to $1,822. In the U.S., debt ceiling negotiations continue, with President Biden declaring that the country will not default on its debt. On one hand, crypto doesn’t seem to care. With liquidity as tight as it is , it takes a lot to move markets. And this just isn’t it. But on the other hand, crypto does seem to care. Tether announced Wednesday U.S. Time that it\'s diversifying its reserves away from government debt and into crypto as it pledged to use around 15% of its profits to buy Bitcoin for its stablecoin reserves. Almost in parallel , Circle said that it is diversifying the reserves supporting its $30 billion USD Coin (USDC), including $8.7 billion in overnight repurchase agreements managed by BlackRock, to fortify against potential U.S. government debt default risks. Story continues Diversification into bitcoin away from the dollar? It’s a maxi’s dream! But bitcoin just isn’t moving on the news. As the clock moves closer to the debt ceiling deadline, we’ll see if any of this actually moves the needle on crypto. Biggest Gainers Asset Ticker Returns DACS Sector Decentraland MANA +5.4% Entertainment Polygon MATIC +5.0% Smart Contract Platform Dogecoin DOGE +3.0% Currency Biggest Losers Asset Ticker Returns DACS Sector Ethereum ETH −0.1% Smart Contract Platform Insights Let’s See the Hinman Emails A federal judge has ruled that the U.S. Securities and Exchange Commission (SEC) cannot seal documents related to former official William Hinman\'s 2018 speech on crypto and securities in its lawsuit against Ripple. This is great because it might finally lead to answers to a question that has gone nagging for years. In 2018, William Hinman, who was serving as the director of corporation finance at the SEC at the time, made a game-changing announcement for the crypto world during a speech at the Yahoo Markets Summit: Ether is not considered a security. But how did he come to this conclusion? Any speech made by a senior official is heavily shopped around, with plenty of stakeholders giving their opinions. CoinDesk tried to get the Hinman emails via a Freedom of Information Act request in November . But the SEC, at the time, withheld emails and notes from the public, arguing they should remain confidential due to privacy concerns and their preparation in anticipation of litigation. It also noted that the release of the documents would constitute an “unwarranted invasion of personal privacy.” While we weren’t able to see the contents because of redactions, what we got back was an extensive email thread that revealed that multiple high-ranking SEC officials, including then-Chair Jay Clayton, contributed to the drafting of William Hinman\'s pivotal 2018 speech on ether\'s status. All of this potentially undermines the SEC\'s claim that the speech was Hinman\'s personal opinion and not official guidance. The industry needs to see these emails to understand the thought process behind Hinman’s statement. SEC officials can come together and offer guidance on Hinman’s speech, so why can’t they give the same guidance to the industry? Important events. Blockchain Expo North America FINRA Annual Conference 2023 9:30 a.m. HKT/SGT(1:30 UTC) Australia Employment Change s.a. (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips Below $27K Amid Debt Ceiling Talks; Pudgy Penguins CEO on NFT Marketplace Bitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins CEO Luca Netz discussed the NFT brand\'s latest $9 million funding round. Also, New York University Professor Emeritus Gary Marcus shared his thoughts on artificial intelligence guidelines, following a Senate hearing with OpenAI CEO Sam Altman among those testifying. Headlines Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits : The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings. Ripple Buys Crypto Custody Firm Metaco for $250M : Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani. Axie Infinity\'s Token Jumps 12% After Firm Lists Game on Apple App Store : The dollar value locked in the open futures contracts tied to AXS has surged to its highest since February, signaling an influx of new money into the market. Dogecoin\'s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced : Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week. Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says : 100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said.', 'Good morning. Here’s what’s happening:\nPrices:Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks.\nInsights:A federal judge denied the SEC\'s bid to conceal documents related to Hinman\'s 2018 ether speech, possibly shedding light on the rationale behind this pivotal announcement amidst Ripple\'s lawsuit. Now, for the sake of the industry, show us the emails.\nCoinDesk Market Index (CMI)\n1,177\n+12.6▲1.1%\nBitcoin (BTC)\n$27,403\n+363.6▲1.3%\nEthereum (ETH)\n$1,822\n−2.2▼0.1%\nS&P 500\n4,158.77\n+48.9▲1.2%\nGold\n$1,986\n−2.4▼0.1%\nNikkei 225\n30,093.59\n+250.6▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,177", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,403", "+363.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,822", "\\u22122.2\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,158.77", "+48.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,986", "\\u22122.4\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,093.59", "+250.6\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin\nGood morning Asia.\nBitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto.\nBitcoinis opening the Asia trading day up 1.3% to $27,403, whileetheris down 0.1% to $1,822.\nIn the U.S., debt ceiling negotiations continue, withPresident Biden declaringthat the country will not default on its debt.\nOn one hand, crypto doesn’t seem to care.With liquidity as tight as it is, it takes a lot to move markets. And this just isn’t it.\nBut on the other hand, crypto does seem to care.Tether announced Wednesday U.S.Timethat it\'s diversifying its reserves away from government debt and into crypto as it pledged to use around 15% of its profits to buy Bitcoin for its stablecoin reserves.Almost in parallel, Circle said that it is diversifying the reserves supporting its $30 billion USD Coin (USDC), including $8.7 billion in overnight repurchase agreements managed by BlackRock, to fortify against potential U.S. government debt default risks.\nDiversification into bitcoin away from the dollar? It’s a maxi’s dream! But bitcoin just isn’t moving on the news.\nAs the clock moves closer to the debt ceiling deadline, we’ll see if any of this actually moves the needle on crypto.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+5.4%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+3.0%", "DACS Sector": "Currency"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nLet’s See the Hinman Emails\nA federal judge has ruledthat the U.S. Securities and Exchange Commission (SEC) cannot seal documents related to former official William Hinman\'s 2018 speech on crypto and securities in its lawsuit against Ripple.\nThis is great because it might finally lead to answers to a question that has gone nagging for years.\nIn 2018, William Hinman, who was serving as the director of corporation finance at the SEC at the time, made a game-changing announcement for the crypto world during a speech at the Yahoo Markets Summit: Ether is not considered a security.\nBut how did he come to this conclusion? Any speech made by a senior official is heavily shopped around, with plenty of stakeholders giving their opinions.\nCoinDesk tried to get the Hinman emails via aFreedom of Information Act request in November.\nBut the SEC, at the time, withheld emails and notes from the public, arguing they should remain confidential due to privacy concerns and their preparation in anticipation of litigation.\nIt also noted that the release of the documents would constitute an “unwarranted invasion of personal privacy.”\nWhile we weren’t able to see the contents because of redactions, what we got back was an extensive email thread that revealed that multiple high-ranking SEC officials, including then-Chair Jay Clayton, contributed to the drafting of William Hinman\'s pivotal 2018 speech on ether\'s status.\nAll of this potentially undermines the SEC\'s claim that the speech was Hinman\'s personal opinion and not official guidance.\nThe industry needs to see these emails to understand the thought process behind Hinman’s statement.\nSEC officials can come together and offer guidance on Hinman’s speech, so why can’t they give the same guidance to the industry?\nBlockchain Expo North America\nFINRA Annual Conference 2023\n9:30 a.m. HKT/SGT(1:30 UTC) Australia Employment Change s.a. (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Below $27K Amid Debt Ceiling Talks; Pudgy Penguins CEO on NFT Marketplace\nBitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins CEO Luca Netz discussed the NFT brand\'s latest $9 million funding round. Also, New York University Professor Emeritus Gary Marcus shared his thoughts on artificial intelligence guidelines, following a Senate hearing with OpenAI CEO Sam Altman among those testifying.\nTether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits:The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.\nRipple Buys Crypto Custody Firm Metaco for $250M:Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.\nAxie Infinity\'s Token Jumps 12% After Firm Lists Game on Apple App Store:The dollar value locked in the open futures contracts tied to AXS has surged to its highest since February, signaling an influx of new money into the market.\nDogecoin\'s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced:Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week.\nFleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says:100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said.', 'Good morning. Here’s what’s happening:\nPrices:Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks.\nInsights:A federal judge denied the SEC\'s bid to conceal documents related to Hinman\'s 2018 ether speech, possibly shedding light on the rationale behind this pivotal announcement amidst Ripple\'s lawsuit. Now, for the sake of the industry, show us the emails.\nCoinDesk Market Index (CMI)\n1,177\n+12.6▲1.1%\nBitcoin (BTC)\n$27,403\n+363.6▲1.3%\nEthereum (ETH)\n$1,822\n−2.2▼0.1%\nS&P 500\n4,158.77\n+48.9▲1.2%\nGold\n$1,986\n−2.4▼0.1%\nNikkei 225\n30,093.59\n+250.6▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,177", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,403", "+363.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,822", "\\u22122.2\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,158.77", "+48.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,986", "\\u22122.4\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,093.59", "+250.6\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin\nGood morning Asia.\nBitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto.\nBitcoinis opening the Asia trading day up 1.3% to $27,403, whileetheris down 0.1% to $1,822.\nIn the U.S., debt ceiling negotiations continue, withPresident Biden declaringthat the country will not default on its debt.\nOn one hand, crypto doesn’t seem to care.With liquidity as tight as it is, it takes a lot to move markets. And this just isn’t it.\nBut on the other hand, crypto does seem to care.Tether announced Wednesday U.S.Timethat it\'s diversifying its reserves away from government debt and into crypto as it pledged to use around 15% of its profits to buy Bitcoin for its stablecoin reserves.Almost in parallel, Circle said that it is diversifying the reserves supporting its $30 billion USD Coin (USDC), including $8.7 billion in overnight repurchase agreements managed by BlackRock, to fortify against potential U.S. government debt default risks.\nDiversification into bitcoin away from the dollar? It’s a maxi’s dream! But bitcoin just isn’t moving on the news.\nAs the clock moves closer to the debt ceiling deadline, we’ll see if any of this actually moves the needle on crypto.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+5.4%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+3.0%", "DACS Sector": "Currency"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nLet’s See the Hinman Emails\nA federal judge has ruledthat the U.S. Securities and Exchange Commission (SEC) cannot seal documents related to former official William Hinman\'s 2018 speech on crypto and securities in its lawsuit against Ripple.\nThis is great because it might finally lead to answers to a question that has gone nagging for years.\nIn 2018, William Hinman, who was serving as the director of corporation finance at the SEC at the time, made a game-changing announcement for the crypto world during a speech at the Yahoo Markets Summit: Ether is not considered a security.\nBut how did he come to this conclusion? Any speech made by a senior official is heavily shopped around, with plenty of stakeholders giving their opinions.\nCoinDesk tried to get the Hinman emails via aFreedom of Information Act request in November.\nBut the SEC, at the time, withheld emails and notes from the public, arguing they should remain confidential due to privacy concerns and their preparation in anticipation of litigation.\nIt also noted that the release of the documents would constitute an “unwarranted invasion of personal privacy.”\nWhile we weren’t able to see the contents because of redactions, what we got back was an extensive email thread that revealed that multiple high-ranking SEC officials, including then-Chair Jay Clayton, contributed to the drafting of William Hinman\'s pivotal 2018 speech on ether\'s status.\nAll of this potentially undermines the SEC\'s claim that the speech was Hinman\'s personal opinion and not official guidance.\nThe industry needs to see these emails to understand the thought process behind Hinman’s statement.\nSEC officials can come together and offer guidance on Hinman’s speech, so why can’t they give the same guidance to the industry?\nBlockchain Expo North America\nFINRA Annual Conference 2023\n9:30 a.m. HKT/SGT(1:30 UTC) Australia Employment Change s.a. (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Below $27K Amid Debt Ceiling Talks; Pudgy Penguins CEO on NFT Marketplace\nBitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins CEO Luca Netz discussed the NFT brand\'s latest $9 million funding round. Also, New York University Professor Emeritus Gary Marcus shared his thoughts on artificial intelligence guidelines, following a Senate hearing with OpenAI CEO Sam Altman among those testifying.\nTether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits:The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.\nRipple Buys Crypto Custody Firm Metaco for $250M:Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.\nAxie Infinity\'s Token Jumps 12% After Firm Lists Game on Apple App Store:The dollar value locked in the open futures contracts tied to AXS has surged to its highest since February, signaling an influx of new money into the market.\nDogecoin\'s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced:Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week.\nFleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says:100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said.', 'Bitcoin prices rose on Thursday morning in Asia, while Ether edged down. The other top 10 non-stablecoin cryptocurrencies by market capitalization gained. Polygon\x92s Matic led the winners after it said transaction volume on its zero knowledge scaling solution hit a record high. U.S. equity futures were little changed after a solid rally in regular trading on Wednesday as progress was reported in talks to raise the U.S. debt ceiling to avoid a default. Bitcoin gains with altcoins Bitcoin rose 1.37% to US$27,404.88 in the 24 hours to 8:00 a.m. in Hong Kong, but lost 0.78% over the last seven days according to CoinMarketCap data. Ether edged down 0.1% to US$1,822.26, while posting a 1.10% weekly loss. Stablecoin issuer Tether said Wednesday it will use as much as 15% of its net operating profit to purchase Bitcoin from this month. Meantime, lawmakers in the UK said the same day that Bitcoin, Ether and other cryptocurrencies should be regulated as gambling rather than as financial services. The other top 10 non-stablecoin cryptocurrencies traded higher. Polygon\x92s Matic led gainers with a rise of 4.92% to US$0.8875. It recorded a weekly gain of 1.16%. Polygon said on Twitter Wednesday that the transaction volume on Polygon zkEVM \x97 a zero knowledge scaling solution to the Ethereum Virtual Machine \x97 hit an all time high of over 13,000 last Sunday. Polygon also said the scaling solution saw 70% growth in total value locked last week, its largest week-on-week gain to date. Litecoin added 4.49% to US$93.9, extending its weekly gain of 15.83%. The Bitcoin-like cryptocurrency has seen a surge in recent interest due to the congestion and higher transaction fees on the Bitcoin network. The total crypto market capitalization rose 1.04% in the past 24 hours to US$1.14 trillion. Total trading volume gained 20.38% to US$34.34 billion. NFT index gains, Bitcoin Frogs top sales The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token market, the Forkast 500 NFT index rose 0.35% to 3,399.91 points in the 24 hours to 9:30 a.m. in Hong Kong \x96 not enough to offset a decline of 1.28% for the last seven days. Story continues 24-hour NFT sales on Ethereum, the leading blockchain for NFTs, fell 19.85% to US$15.9 million. Sales on the Bitcoin blockchain took second place on Cryptoslam \x92s blockchain ranking with US$7.7 million, up 60.91%. Bitcoin Frogs, a collection of 10,000 frog profile-picture NFTs minted on the Bitcoin blockchain, was the top selling NFT collection in the last 24 hours. It gained 164.83% to US$2.3 million in sales. HV-MTL, another Ethereum-based NFT collection from Bored Ape maker Yuga Labs, recorded the second highest sales on Cryptoslam, surging 75.2% to US$1.2 million. NFT staple Bored Ape Yacht Club\x92s #7830 was sold for US$176,719, recording the highest individual NFT sale. U.S. stock futures steady on debt ceiling hopes U.S. President Joe Biden \| Image: Getty Images U.S. stock futures traded flat to lower as of 10:45 a.m. in Hong Kong, holding strong gains made during the regular trading session on Wednesday. The Dow Jones Industrial Average futures fell 0.12%. The S&P 500 futures edged down 0.078%. The Nasdaq Composite futures dipped 0.040%. Investors anticipate a solution to the threat of a U.S. debt default as President Joe Biden and House of Representatives Speaker Kevin McCarthy both expressed optimism about raising the debt ceiling. \x93I\x92m confident that we\x92ll get the agreement on the budget and America will not default,\x94 Biden told reporters at the White House on Wednesday. U.S. Treasury Secretary Janet Yellen warned Tuesday that a debt default would destroy jobs and businesses in the country. Yellen called for fast action on raising the debt ceiling as the current stalemate is driving up borrowing costs. Beside the debt talks, U.S. investors have more earnings to come on Thursday from Walmart and AT&T Inc. as another measure of the health of the economy. On interest rates, Federal Reserve Chair Jerome Powell is speaking Friday and may offer some pointers on the central bank\x92s latest policy views on inflation and rates. U.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Fed meets again on June 14 to decide whether to hike again to try and get inflation under control. Inflation was at 4.9% in April, lower than expected but still ahead of the Fed\x92s 2% target. The CME FedWatch Tool predicts a 76.2% chance the Fed will leave rates unchanged in June, while it predicts a 23.8% chance for another 25 basis-point rate increase.', 'Bitcoin prices rose on Thursday morning in Asia, while Ether edged down. The other top 10 non-stablecoin cryptocurrencies by market capitalization gained. Polygon’s Matic led the winners after it said transaction volume on its zero knowledge scaling solution hit a record high. U.S. equity futures were little changed after a solid rally in regular trading on Wednesday as progress was reported in talks to raise the U.S. debt ceiling to avoid a default.\nBitcoin rose 1.37% to US$27,404.88 in the 24 hours to 8:00 a.m. in Hong Kong, but lost 0.78% over the last seven days according to CoinMarketCap data. Ether edged down 0.1% to US$1,822.26, while posting a 1.10% weekly loss.\nStablecoin issuer TethersaidWednesday it will use as much as 15% of its net operating profit to purchase Bitcoin from this month. Meantime, lawmakers in theUKsaid the same day that Bitcoin, Ether and other cryptocurrencies should be regulated as gambling rather than as financial services.\nThe other top 10 non-stablecoin cryptocurrencies traded higher. Polygon’s Matic led gainers with a rise of 4.92% to US$0.8875. It recorded a weekly gain of 1.16%.\nPolygon said onTwitterWednesday that the transaction volume on Polygon zkEVM — a zero knowledge scaling solution to the Ethereum Virtual Machine — hit an all time high of over 13,000 last Sunday. Polygon also said the scaling solution saw 70% growth in total value locked last week, its largest week-on-week gain to date.\nLitecoin added 4.49% to US$93.9, extending its weekly gain of 15.83%. The Bitcoin-like cryptocurrency has seen a surge in recent interest due to the congestion and higher transaction fees on the Bitcoin network.\nThe total crypto market capitalization rose 1.04% in the past 24 hours to US$1.14 trillion. Total trading volume gained 20.38% to US$34.34 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index rose 0.35% to 3,399.91 points in the 24 hours to 9:30 a.m. in Hong Kong – not enough to offset a decline of 1.28% for the last seven days.\n24-hour NFT sales on Ethereum, the leading blockchain for NFTs, fell 19.85% to US$15.9 million. Sales on the Bitcoin blockchain took second place onCryptoslam’s blockchain ranking with US$7.7 million, up 60.91%.\nBitcoin Frogs, a collection of 10,000 frog profile-picture NFTs minted on the Bitcoin blockchain, was the top selling NFT collection in the last 24 hours. It gained 164.83% to US$2.3 million in sales.\nHV-MTL, another Ethereum-based NFT collection from Bored Ape maker Yuga Labs, recorded the second highest sales on Cryptoslam, surging 75.2% to US$1.2 million.\nNFT staple Bored Ape Yacht Club’s #7830 was sold for US$176,719, recording the highest individual NFT sale.\nU.S. stock futures traded flat to lower as of 10:45 a.m. in Hong Kong, holding strong gains made during the regular trading session on Wednesday. The Dow Jones Industrial Average futures fell 0.12%. The S&P 500 futures edged down 0.078%. The Nasdaq Composite futures dipped 0.040%.\nInvestors anticipate a solution to the threat of a U.S. debt default as President Joe Biden and House of Representatives Speaker Kevin McCarthy both expressed optimism about raising the debt ceiling.\n“I’m confident that we’ll get the agreement on the budget and America will not default,” Bidentoldreporters at the White House on Wednesday.\nU.S. Treasury Secretary Janet Yellen warned Tuesday that a debt default would destroy jobs and businesses in the country. Yellen called for fast action on raising the debt ceiling as the current stalemate is driving up borrowing costs.\nBeside the debt talks, U.S. investors have more earnings to come on Thursday from Walmart and AT&T Inc. as another measure of the health of the economy.\nOn interest rates, Federal Reserve Chair Jerome Powell is speaking Friday and may offer some pointers on the central bank’s latest policy views on inflation and rates.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Fed meets again on June 14 to decide whether to hike again to try and get inflation under control. Inflation was at4.9%in April, lower than expected but still ahead of the Fed’s 2% target.\nThe CME FedWatch Tool predicts a 76.2% chance the Fed will leave rates unchanged in June, while it predicts a 23.8% chance for another 25 basis-point rate increase.', 'Bitcoin prices rose on Thursday morning in Asia, while Ether edged down. The other top 10 non-stablecoin cryptocurrencies by market capitalization gained. Polygon’s Matic led the winners after it said transaction volume on its zero knowledge scaling solution hit a record high. U.S. equity futures were little changed after a solid rally in regular trading on Wednesday as progress was reported in talks to raise the U.S. debt ceiling to avoid a default.\nBitcoin rose 1.37% to US$27,404.88 in the 24 hours to 8:00 a.m. in Hong Kong, but lost 0.78% over the last seven days according to CoinMarketCap data. Ether edged down 0.1% to US$1,822.26, while posting a 1.10% weekly loss.\nStablecoin issuer TethersaidWednesday it will use as much as 15% of its net operating profit to purchase Bitcoin from this month. Meantime, lawmakers in theUKsaid the same day that Bitcoin, Ether and other cryptocurrencies should be regulated as gambling rather than as financial services.\nThe other top 10 non-stablecoin cryptocurrencies traded higher. Polygon’s Matic led gainers with a rise of 4.92% to US$0.8875. It recorded a weekly gain of 1.16%.\nPolygon said onTwitterWednesday that the transaction volume on Polygon zkEVM — a zero knowledge scaling solution to the Ethereum Virtual Machine — hit an all time high of over 13,000 last Sunday. Polygon also said the scaling solution saw 70% growth in total value locked last week, its largest week-on-week gain to date.\nLitecoin added 4.49% to US$93.9, extending its weekly gain of 15.83%. The Bitcoin-like cryptocurrency has seen a surge in recent interest due to the congestion and higher transaction fees on the Bitcoin network.\nThe total crypto market capitalization rose 1.04% in the past 24 hours to US$1.14 trillion. Total trading volume gained 20.38% to US$34.34 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index rose 0.35% to 3,399.91 points in the 24 hours to 9:30 a.m. in Hong Kong – not enough to offset a decline of 1.28% for the last seven days.\n24-hour NFT sales on Ethereum, the leading blockchain for NFTs, fell 19.85% to US$15.9 million. Sales on the Bitcoin blockchain took second place onCryptoslam’s blockchain ranking with US$7.7 million, up 60.91%.\nBitcoin Frogs, a collection of 10,000 frog profile-picture NFTs minted on the Bitcoin blockchain, was the top selling NFT collection in the last 24 hours. It gained 164.83% to US$2.3 million in sales.\nHV-MTL, another Ethereum-based NFT collection from Bored Ape maker Yuga Labs, recorded the second highest sales on Cryptoslam, surging 75.2% to US$1.2 million.\nNFT staple Bored Ape Yacht Club’s #7830 was sold for US$176,719, recording the highest individual NFT sale.\nU.S. stock futures traded flat to lower as of 10:45 a.m. in Hong Kong, holding strong gains made during the regular trading session on Wednesday. The Dow Jones Industrial Average futures fell 0.12%. The S&P 500 futures edged down 0.078%. The Nasdaq Composite futures dipped 0.040%.\nInvestors anticipate a solution to the threat of a U.S. debt default as President Joe Biden and House of Representatives Speaker Kevin McCarthy both expressed optimism about raising the debt ceiling.\n“I’m confident that we’ll get the agreement on the budget and America will not default,” Bidentoldreporters at the White House on Wednesday.\nU.S. Treasury Secretary Janet Yellen warned Tuesday that a debt default would destroy jobs and businesses in the country. Yellen called for fast action on raising the debt ceiling as the current stalemate is driving up borrowing costs.\nBeside the debt talks, U.S. investors have more earnings to come on Thursday from Walmart and AT&T Inc. as another measure of the health of the economy.\nOn interest rates, Federal Reserve Chair Jerome Powell is speaking Friday and may offer some pointers on the central bank’s latest policy views on inflation and rates.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Fed meets again on June 14 to decide whether to hike again to try and get inflation under control. Inflation was at4.9%in April, lower than expected but still ahead of the Fed’s 2% target.\nThe CME FedWatch Tool predicts a 76.2% chance the Fed will leave rates unchanged in June, while it predicts a 23.8% chance for another 25 basis-point rate increase.', "In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasingBitcoin (BTC)using a portion of its profits. Starting this month, the company plans to allocate up to approximately 15% of its realized investment profits to acquire BTC, which will then be added to its reserve surplus. Tether intends to store the purchased BTC on its own, without the involvement of any third-party custodians.\nLast week, Tether revealed that it holds $1.5 billion worth of BTC and $3.4 billion in gold, alongside its $82 billion USDT stablecoin. The company's reserves consist of 85% cash and cash-like assets, including U.S. Treasury bonds.\nPaolo Ardoino, Tether's chief technology officer, emphasized the long-term value and growth potential of Bitcoin, stating that the investment would enhance their portfolio and align the company with transformative technology. The firm's decision represents a step towards addressing concerns about transparency and controversial investment practices.", "In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasingBitcoin (BTC)using a portion of its profits. Starting this month, the company plans to allocate up to approximately 15% of its realized investment profits to acquire BTC, which will then be added to its reserve surplus. Tether intends to store the purchased BTC on its own, without the involvement of any third-party custodians.\nLast week, Tether revealed that it holds $1.5 billion worth of BTC and $3.4 billion in gold, alongside its $82 billion USDT stablecoin. The company's reserves consist of 85% cash and cash-like assets, including U.S. Treasury bonds.\nPaolo Ardoino, Tether's chief technology officer, emphasized the long-term value and growth potential of Bitcoin, stating that the investment would enhance their portfolio and align the company with transformative technology. The firm's decision represents a step towards addressing concerns about transparency and controversial investment practices.", "Tether To Put 15% of Realized Profits Into Bitcoin Tether to Put 15% of Realized Profits Into Bitcoin In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasing Bitcoin (BTC) using a portion of its profits. Starting this month, the company plans to allocate up to approximately 15% of its realized investment profits to acquire BTC, which will then be added to its reserve surplus. Tether intends to store the purchased BTC on its own, without the involvement of any third-party custodians. Last week, Tether revealed that it holds $1.5 billion worth of BTC and $3.4 billion in gold, alongside its $82 billion USDT stablecoin. The company's reserves consist of 85% cash and cash-like assets, including U.S. Treasury bonds. Paolo Ardoino, Tether's chief technology officer, emphasized the long-term value and growth potential of Bitcoin, stating that the investment would enhance their portfolio and align the company with transformative technology. The firm's decision represents a step towards addressing concerns about transparency and controversial investment practices.", 'Debt ceiling talks made progress Tuesday and Wednesday, Biden and lawmakers said. Getty Images US stocks jumped Wednesday as lawmakers made progress on debt ceiling negotiations. President Biden and members of Congress are getting closer on a deal after weeks of deadlock. The major indexes all rose more than 1% during the session. US stocks jumped on Wednesday as investors grew optimistic that a deal over the debt ceiling could soon be in sight. Major indexes climbed steadily during the session, with markets cheering hopeful remarks from President Joe Biden and House Speaker Kevin McCarthy, who both stated they do not believe the US will default on its debt. "I\'m confident we\'ll get the agreement on the budget, that America will not default on its debt," Biden said on Wednesday morning. While an actual default was widely thought to be unlikely, the possibility of such a scenario has weighed on markets in recent weeks. Top executives have loudly warned of a catastrophe striking the financial system should the government default. Top economist Mohamed El-Erian tweeted on Tuesday that deadlock in Washington is harming the country\'s credibility at a time when the US should be re-establishing its role on the world stage. Here\'s where US indexes stood as the market closed at 4 p.m. on Wednesday: S&P 500 : 4,158.77, up 1.19% Dow Jones Industrial Average : 33,420.77, up 1.24% (408.63 points) Nasdaq Composite : 12,500.57, up 1.28% Here\'s what else is happening: The federal government\'s bank account saw a steep drop as the debt ceiling deadline looms. The Treasury General Account stood at $87.4 billion on Monday, down from $140 billion on Friday. Investors have pulled $8 billion from small-caps since March . Jefferies said that the segment of the stock market has been battered by recession fears and debt ceiling drama. Google parent Alphabet reclaimed the $1.5 trillion market cap level for the first time in a year on the back of its efforts in the buzzy AI space. SPAC King and venture capital investor Chamath Palihapitiya said the dollar won\'t be at risk because no other country actually wants to hold their own currency. He hit back at fears of de-dollarization. Story continues In commodities, bonds, and crypto: Oil prices jumped. West Texas Intermediate crude rose 2.57% to $72.68 per barrel. Brent , the international benchmark, was up 2.58% to $76.81. Gold fell 0.3% to $1986.40 per ounce. The 10-year Treasury yield was up two basis points to 3.57%. Bitcoin rose 1.5% to $27,388. Read the original article on Business Insider', '• US stocks jumped Wednesday as lawmakers made progress on debt ceiling negotiations.\n• President Biden and members of Congress are getting closer on a deal after weeks of deadlock.\n• The major indexes all rose more than 1% during the session.\nUS stocks jumped on Wednesday as investors grew optimistic that a deal over the debt ceiling could soon be in sight.\nMajor indexes climbed steadily during the session, with markets cheering hopeful remarks from President Joe Biden and House Speaker Kevin McCarthy, who both stated they do not believe the US will default on its debt.\n"I\'m confident we\'ll get the agreement on the budget, that America will not default on its debt," Biden said on Wednesday morning.\nWhile an actual default was widely thought to be unlikely, the possibility of such a scenario has weighed on markets in recent weeks.Top executives have loudly warned of a catastrophestriking the financial system should the government default.\nTop economist Mohamed El-Erian tweeted on Tuesday thatdeadlock in Washington is harming the country\'s credibilityat a time when the US should be re-establishing its role on the world stage.\nHere\'s where US indexes stood as the market closed at 4 p.m. on Wednesday:\n• S&P 500:4,158.77, up 1.19%\n• Dow Jones Industrial Average:33,420.77, up 1.24% (408.63 points)\n• Nasdaq Composite:12,500.57, up 1.28%\nHere\'s what else is happening:\n• The federal government\'s bank account saw a steep dropas the debt ceiling deadline looms. The Treasury General Account stood at $87.4 billion on Monday, down from $140 billion on Friday.\n• Investors have pulled $8 billion from small-caps since March. Jefferies said that the segment of the stock market has been battered by recession fears and debt ceiling drama.\n• Google parent Alphabet reclaimed the $1.5 trillion market cap levelfor the first time in a year on the back of its efforts in the buzzy AI space.\n• SPAC King and venture capital investor Chamath Palihapitiya said the dollar won\'t be at riskbecause no other country actually wants to hold their own currency. He hit back at fears of de-dollarization.\nIn commodities, bonds, and crypto:\n• Oil prices jumped.West Texas Intermediatecrude rose 2.57% to $72.68 per barrel.Brent, the international benchmark, was up 2.58% to $76.81.\n• Goldfell 0.3% to $1986.40 per ounce.\n• The 10-year Treasuryyield was up two basis points to 3.57%.\n• Bitcoin rose 1.5% to $27,388.\nRead the original article onBusiness Insider', 'Planning to proactively apply for virtual asset trading platform licence with the regulator in Hong Kong Committed to being the sought-after crypto exchange in the global financial center HONG KONG , May 18, 2023 /PRNewswire/ -- Crypto exchange YAX today announced its official arrival in Hong Kong , highlighting its plan to apply for the virtual asset trading platform licence from the city\'s Securities and Futures Commission. "We at YAX are optimistic about the Hong Kong Government\'s dedication to leveraging Web3 to consolidate the city\'s global influence in the financial sector, and supportive of the measures to refine the regulatory system. We are on our way to becoming one of the top sought-after crypto exchanges in Hong Kong , where local investors have been longing for a compliant, reliable, efficient, and user-friendly trading platform for virtual assets." said a YAX spokesperson. "The company will continuously dive into the innovation groundwork so as to bring the best possible user experience. We will also provide our YAXers with more thoughtful, all-inclusive, and high-quality virtual assets-related services," the spokesperson added. The company is committed to bridging its users easy and equal access to virtual assets through its app YAX, with services including trading, and instant market news. In terms of trading speed, market quotes, intelligent analysis systems, and risk control mechanisms, YAX offers YAXers reliable and easy-to-use tools, in combination with diversified portfolios of Web3 products. About YAX YAX, a global crypto exchange founded in June 2022 , has a team with over a decade of expertise in the financial industry. The company\'s business covers virtual assets trading, virtual asset custody, and more. YAX supports virtual assets with high liquidity including ETH, BTC, and USDT. The platform gained wide recognition from users prior to its official product launch in early 2023. Within 15 minutes after the user pre-registration started, some 3,000 users signed up among the first batch. For more information, please visit: https://yax.hk Story continues Cision View original content: https://www.prnewswire.com/apac/news-releases/crypto-exchange-yax-lands-in-hong-kong-301828152.html SOURCE YAX', 'Planning to proactively apply for virtual asset trading platform licence with the regulator in Hong Kong Committed to being the sought-after crypto exchange in the global financial center HONG KONG , May 18, 2023 /PRNewswire/ -- Crypto exchange YAX today announced its official arrival in Hong Kong , highlighting its plan to apply for the virtual asset trading platform licence from the city\'s Securities and Futures Commission. "We at YAX are optimistic about the Hong Kong Government\'s dedication to leveraging Web3 to consolidate the city\'s global influence in the financial sector, and supportive of the measures to refine the regulatory system. We are on our way to becoming one of the top sought-after crypto exchanges in Hong Kong , where local investors have been longing for a compliant, reliable, efficient, and user-friendly trading platform for virtual assets." said a YAX spokesperson. "The company will continuously dive into the innovation groundwork so as to bring the best possible user experience. We will also provide our YAXers with more thoughtful, all-inclusive, and high-quality virtual assets-related services," the spokesperson added. The company is committed to bridging its users easy and equal access to virtual assets through its app YAX, with services including trading, and instant market news. In terms of trading speed, market quotes, intelligent analysis systems, and risk control mechanisms, YAX offers YAXers reliable and easy-to-use tools, in combination with diversified portfolios of Web3 products. About YAX YAX, a global crypto exchange founded in June 2022 , has a team with over a decade of expertise in the financial industry. The company\'s business covers virtual assets trading, virtual asset custody, and more. YAX supports virtual assets with high liquidity including ETH, BTC, and USDT. The platform gained wide recognition from users prior to its official product launch in early 2023. Within 15 minutes after the user pre-registration started, some 3,000 users signed up among the first batch. For more information, please visit: https://yax.hk Story continues Cision View original content: https://www.prnewswire.com/apac/news-releases/crypto-exchange-yax-lands-in-hong-kong-301828152.html SOURCE YAX', "Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become themost-traded collectionin the past 24 hours, surpassing even prominent collections, such as Bored Apes.\nBitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.”\nAt the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday.\nBitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.\nNFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions – with the so-called Ordinals “inscriptions” surpassing the 3 million markearlier this month.\nSuch demand has contributed to bitcoin feesspiking to two-year highsandstirred debatein the Bitcoin community.", "Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even prominent collections, such as Bored Apes. Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.” At the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday. Bitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT. NFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions – with the so-called Ordinals “inscriptions” surpassing the 3 million mark earlier this month . Such demand has contributed to bitcoin fees spiking to two-year highs and stirred debate in the Bitcoin community.", "Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become themost-traded collectionin the past 24 hours, surpassing even prominent collections, such as Bored Apes.\nBitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.”\nAt the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday.\nBitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.\nNFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinal Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $530,725,416,375 - Hash Rate: 344768089.144806 - Transaction Count: 476704.0 - Unique Addresses: 603811.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hong Kong is accelerating toward its goal of becoming a global crypto hub, according to the region’s Secretary for Financial Services and the Treasury. In a Monday speech at the Aspen Digital Web3 Investment Summit in the east Asian business hub, Christopher Huisaidthat the city had received interest from over 80 companies wanting to set up shop in Hong Kong. These include crypto exchanges, blockchain infrastructure companies, blockchain network security companies, virtual currency wallets and payment companies. “Hong Kong is well-positioned to be a leading hub for Web3 in Asia and beyond, and we attach great importance to virtual assets and Web3,” Hui said. Hong Kong has been talking about becoming a hotspot for digital asset innovation for some time now. Its economy and reputation as a fintech hub was shaken after Covid-19 lockdowns and earlier regulatory crackdowns scared many crypto startups away. One of the most notable examples was the failed crypto exchange FTX, whichleftfor the Bahamas while blaming Hong Kong’s confusing regulatory framework for the move. The exchange was once one of the biggest brands in crypto but went bust last year because of alleged mismanagement. Web3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary Hong Kong has sinceopened upconsultations anddropped new rulesto give retail investors access to digital assets. Nikkei Asiareportedtoday that a number of Chinese crypto companies are eying Hong Kong. These include Chinese securities companies and banks that are interested in allowing clients to trade Bitcoin and Ethereum on licensed exchanges, the newspaper reported. Just last month, the Securities and Futures Commission of Hong Kong (SFC)proposedthat the city “allow all types of investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators.” Mainland China’s government cracked down on crypto back in 2021, when it banned Bitcoin mining. Hui said in his speech that Web3—the next evolution of the Internet, built on blockchains—has the “potential to enable more decentralized, efficient and inclusive platforms” that benefit users and creators. “It will also create new opportunities for innovation, entrepreneurship and social impact,” he added.... - Reddit Posts (Sample): [['u/WWYOG', 'Best intro for orange pilling', 880, '2023-05-18 00:24', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/', "That's Bitcoin 🧡", 'https://i.imgur.com/hwUnHmf.jpg', '13kg6dq', [['u/Previous_Ostrich8877', 34, '2023-05-18 02:09', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkkih1/', 'This is well said', '13kg6dq'], ['u/beaker38', 11, '2023-05-18 02:26', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkmt1o/', 'CBDC puppets got this covered', '13kg6dq'], ['u/WWYOG', 10, '2023-05-18 02:55', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkqosv/', "I appreciate your comment and urge you to study deflationary money. Jeff Booth's The Price of Tomorrow is a great place to start. To summarize in my own words and in my own opinion, mortgages are not a thing when the money is not broken. (Mortgages became commonplace in the early 70s after and because our money was taken off the gold standard.) Imagine a world where banks do not make loans for houses because the money is sound and maintains/appreciates in value. Housing prices will fall to their utility value. Nixon/Kissinger/Central banking distorted our view of money and how it should work. Get off zero if you haven't. Our kids depend on it.\n\nEdited for punctuation", '13kg6dq'], ['u/madbirdribdam', 10, '2023-05-18 03:14', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkktcng/', 'Few months ago:\n\n“Feds are selling the confiscated bitcoin, that’s why it’s dropped”', '13kg6dq'], ['u/Hank___Scorpio', 14, '2023-05-18 03:25', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkutng/', "But I don't understand or have any value set that appreciates anything beyond convenience!!", '13kg6dq'], ['u/Dr-Lavish', 10, '2023-05-18 03:51', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkyagu/', "A new type of Govt will evolve over time. They have multiple what if scenarios. It scares the hell out of them. Which it should. The human race will ultimately do away with Govt bodies. They won't be needed.", '13kg6dq'], ['u/BitcoinFan7', 10, '2023-05-18 03:51', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkydjh/', 'Btc-e was an exchange not a cold wallet. No open source cold wallet has been hacked to my knowledge.', '13kg6dq'], ['u/benso87', 15, '2023-05-18 04:13', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkl1a83/', 'What does thermodynamics have to do with this?', '13kg6dq'], ['u/WWYOG', 10, '2023-05-18 05:08', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkl8j9w/', "Yes. That's coercion.", '13kg6dq'], ['u/bowdo', 10, '2023-05-18 11:56', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkm5z9r/', "What's that? I can't hear you over the sound of my big hammer turning toes in to hamburger mince.", '13kg6dq']]], ['u/Walla_Walla_26', 'Tether is buying more Bitcoin to hold on their balance sheet. Isn’t that what Do Kwon did as a backstop for Terra USD?', 13, '2023-05-18 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/', 'It seems like history is kind of repeating itself. The circumstances are different, but Tether is going to use 15% of their profits to buy Bitcoin to hold for an undetermined amount of time. This is after the purchase they have already made. Saw this news today on the Wall Street journal. \n\n\nTerra USD, Do Kwon did the same thing to have another potential backstop for his algorithmic stablecoin. \n\nTether refuses to allow an audit and they are backed one to one with short term treasuries, etc. They are also buying before the bull run and IMO are getting a good deal on their Bitcoin purchase. \n\nMy question is why do they feel that they should have Bitcoin in their reserves? Are they trying to be more like Microstrategy? It just seems weird to me that they would buy Bitcoin. I understand they are using profits, but why? Is it just to boost their profits?\n\nedit* I appreciate the lively discussion. Let’s hope Tether is with us well into the future and we get clarity on reserves from all stablecoin issuers', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/', '13khrjy', [['u/pbjclimbing', 10, '2023-05-18 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/jkkfqdg/', 'Tether is using the profits from the interest they get from holding most of their reserves in bonds to buy Bitcoin. \n\nThis is different than using Bitcoin to backstop a stablecoin that is algorithmic and not 1:1 backed.', '13khrjy'], ['u/Maxx3141', 82, '2023-05-18 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/jkkggb3/', "They are buying them from their profits - they can use their profits to buy whatever they like, even if it's Campbell's Tomato Soup.", '13khrjy'], ['u/mesutdmn', 13, '2023-05-18 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/jkkgpgc/', 'And BTC is a nice way to double profits in the long term, but bullish on Tomato soups right now 🤣', '13khrjy']]], ['u/loupiote2', 'Successful recovery of 70 ETH (EIP2333) in validator on the beacon chain (seed lost)', 34, '2023-05-18 03:12', 'https://www.reddit.com/r/ledgerwallet/comments/13kk6iz/successful_recovery_of_70_eth_eip2333_in/', 'TL;DR - Don\'t lose your recovery seed!\n\nA client came to us for help trying to recover access to 64 ETH staked on the beacon chain on their ETH validators, plus rewards, so about 70 ETH total. The validators seed was lost.\n\nSee their posts on the ethstaker forum: [https://www.reddit.com/r/ethstaker/comments/13bq8fh/lost\\_seed\\_possible\\_to\\_recover\\_with\\_ledger\\_nano/](https://www.reddit.com/r/ethstaker/comments/13bq8fh/lost_seed_possible_to_recover_with_ledger_nano/) and [https://www.reddit.com/r/ethstaker/comments/13kl5nv/update\\_lost\\_seed\\_possible\\_to\\_recover\\_with\\_ledger/](https://www.reddit.com/r/ethstaker/comments/13kl5nv/update_lost_seed_possible_to_recover_with_ledger/)\n\nNormally when you lose the validator seed, you lose all hope of withdrawing the funds. But the client was lucky that they had initialized thers validators and their ledger Nano S with the same seed phrase.\n\nThe issue was that the very tech-savvy client unfortunately lost their seed phrase due to unforeseen circumstances. So the only remaining copy of their validators seed was in their Nano S, and of course there is absolutely no way to extract the seed from the ledger.\n\nSpecial private keys and signatures are needed for withdrawing ETH from validators, based on EIP2333 and using different cryptographic formulas, not those used for "normal" ETH transactions.\n\nNot only is there currently no ledger app (yet) capable of generating those EIP2333 signatures with ledger devices, but also the Nano S does not even have enough RAM to generate those signatures. Normally, validators can generate those signatures, based on their seed phrase.\n\nSo the idea (suggested by Ledger Team) was to generate the EIP2333 private keys on the Nano S using the derivation paths used by the validators, extract them and use them with off-line tools to generate the needed signatures to rescue the ETH from the validators.\n\nIn order to do that, a custom recovery ledger app had to be developed and installed (i.e. side-loaded) on the client\'s ledger. We hoped that the firmware on their ledger (2.0.0) already had support for the new cryptographic functions (i.e. BLS12-381 elliptic curve) needed to generate those keys, since updating the ledger firmware is very risky if you don\'t have the seed (if the ledger resets, everything is lost!).\n\nWe developed the custom recovery app using the ledger development tools on a Debian 11 Linux system running in virtualbox on a Windows 11 host.\n\nWe first tested the custom recovery app after side-loading it on a test Nano S+, but the firmware on our S+ did not support some of the functions we needed, so we decided to test using a Nano S (firmware 2.1.0), and everything was working as expected. We were able to generate the EIP2333 private keys. It takes about 16 sec for the Nano S to generate each key. The derivation process is very CPU intensive for the BLS12-381 elliptic curve, and the CPU in the Nano S is quite slow.\n\nWe validated the EIP2333 keys generated by our ledger app on our test device by comparing them to those generated with the Ian Coleman EIP2333 tool, and at first it looked like the keys didn\'t match. We found out that it was due to a bug in Ian Coleman EIP2333 tool (adding a new-line after the last mnemonic word breaks the bip39 seed!!). So finally we could confirm that the keys were correctly generated by our app. Our client also confirmed that the keys generated by the Ian Coleman EIP2333 tool match those generated by other EIP2333 tools.\n\nWe then sent the virtualbox image to our client, and they were able to run it out-of-the box in virtualbox on their Windows 11 system. The next step was to check that the custom recovery app was able to generate to right keys on another test Nano S, this time with firmware 2.0.0 (the exact same firmware version as the precious ledger Nano S containing the validators seed), as this would tell us if a (potentially risky) firmware update on the precious ledger would be needed on not.\n\nThe recovery app was side-loaded on the client test Nano S, and it was able to generate correct EIP2333 keys.\n\nThe next step was to run the app on the precious Nano S that contained the validator seed.\n\nWe got a bit worried when the side-loading process generated an exception, not allowing us to install the recovery app on the device.\n\nWe figured out that there was probably not enough free space on the device because of other installed apps, so we uninstalled all apps (using the device dashboard "Uninstall all apps" function). Then our recovery app could be successfully side-loaded on the device. Relief!!!\n\nThe recovery app was then run on the client\'s device, and we were able to get all the EIP2333 keys needed to rescue the validator\'s ETHs. The keys were confirmed to be correct, based on the public keys that were known.\n\nSo it required significant work and development of a custom ledger app, but at the end this recovery was a success!\n\nIn the same Recovery series:\n\n[https://www.reddit.com/r/ledgerwallet/comments/kz2eob/successful\\_recovery\\_story\\_how\\_we\\_recovered\\_100/](https://www.reddit.com/r/ledgerwallet/comments/kz2eob/successful_recovery_story_how_we_recovered_100/)\n\n[https://www.reddit.com/r/ledgerwallet/comments/m4pk7q/successful\\_recovery\\_of\\_btc\\_from\\_a\\_hw1\\_ledger/](https://www.reddit.com/r/ledgerwallet/comments/m4pk7q/successful_recovery_of_btc_from_a_hw1_ledger/)\n\n[https://www.reddit.com/r/ledgerwallet/comments/nbcukn/nano\\_s\\_with\\_12\\_firmware\\_vs\\_eip155\\_successful/](https://www.reddit.com/r/ledgerwallet/comments/nbcukn/nano_s_with_12_firmware_vs_eip155_successful/)', 'https://www.reddit.com/r/ledgerwallet/comments/13kk6iz/successful_recovery_of_70_eth_eip2333_in/', '13kk6iz', [['u/Mooncow027', 12, '2023-05-18 04:33', 'https://www.reddit.com/r/ledgerwallet/comments/13kk6iz/successful_recovery_of_70_eth_eip2333_in/jkl3zsk/', "My brain hurts from reading smartness. Can't comprehend. Congratulations!", '13kk6iz']]], ['u/Anticrusader0', 'I Am Finally Out From Under Child Support; WTF Now?', 348, '2023-05-18 04:13', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/', "The letter came today: Child Support is paid off; no more wage garnishment, no more freezing my bank accounts, I can apply to get my passport back, I can afford breakfast and new socks...\n\nWhat does the world look like after 20 years of constant pressure and enforced poverty? It is something like returning home from a life abroad, or maybe prison.\n\nI could sell my crappy little house I inherited from my grandmother and buy a nicer property... but why? My kids are grown, I don't need the room; I'm not trying to impress women, not after the way I've been treated; my dogs like it here, and they are my only friends. Then there's the prices; I'll get more than my house is worth, but only because it will immediately be torn down and turned into a McMansion, which is all that is for sale, and I wouldn't want to live in one even if it wasn't stupidly expensive.\n\nI could trade in my old beat-up pickup truck on something new, but cars have changed so much that I don't like anything made in the last 10-15 years. They want $50k for a pretty standard F-150, which for some reason has a twin-turbo V6, the Ranger is bigger than my old full-size truck, and both of them have more computers than the space shuttle did. Digital gauges were one of my least favorite fads from the 80s, which is saying something, but that's all you get, now. Racing 300-hp sports cars in the 90s was fun; racing 600-hp cars on the street is scary... and stupid. Trucks with that kind of power are simply insane.\n\nI could travel the world, if the world wasn't on fire and my country wasn't holding the gas can. It used to seem like the Republicans were evil but smart, and the Democrats were good but stupid, but both parties have gone evil and stupid. Leaving aside any debate about Donald Trump, he would never have become president if either party had fielded a serious contender for the office, and everyone's big problem with him seemed to revolve around his unwillingness to start more wars. In any case, there is nothing that I can do about it.\n\nI could invest my money, claw my way up through the stock market or the Bitcoin exchange, start and grow a business, so that I could have even more money... that I have no idea what to do with?\n\nThis entire scheme our society is running on just seems so pointless and stupid, why am I doing anything but sitting in a boat, fishing, and drinking beer every day? Why am I doing someone else's bidding, helping their plan, letting them decide how our lives are supposed to be lived? Especially when it should be obvious to everyone that our society is failing, quickly.", 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/', '13kljcg', [['u/[deleted]', 96, '2023-05-18 04:50', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkl698n/', 'You should stop reading the news and find something that makes you happy and grab it with both your hands.\nIf the world goes to shit it goes to shit. Can’t do anything other than make the best out of the hand you have.\nTake care bud', '13kljcg'], ['u/HansDevX', 70, '2023-05-18 05:10', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkl8rkh/', 'I was going to comment "Wait until the government decide you should pay child support until they are 25" but then I googled it and its actually a thing.\n\nLooks like you made it to the light at the end of the tunnel. Enjoy your freedom.', '13kljcg'], ['u/StandOutLikeDogBalls', 173, '2023-05-18 05:16', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkl9e9w/', 'Sounds to me like you want to go fishing and have a few beers. Do it. Put part of the newly found money to use doing stuff that makes you happy. Buy the incredibly expensive steaks you like and invite your friends to grill out, quit working overtime or a second job just so you have money to survive, get the upgraded streaming services, whatever you like.', '13kljcg'], ['u/illigal', 28, '2023-05-18 05:35', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklbkvw/', 'You can comfortably survive on significantly less than you earn right now - either power level retirement savings or get a less demanding (part time?) job!', '13kljcg'], ['u/Catch-the-Rabbit', 23, '2023-05-18 06:27', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklgysy/', "So real talk since you're used to living with less popping these funds into a high yield savings account might not be a bad idea.", '13kljcg'], ['u/KrazyJazz', 51, '2023-05-18 07:59', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkloyww/', ">...why am I doing anything but sitting in a boat, fishing, and drinking beer every day?\n\nThat's an awesome idea, man. Nothing wrong with that. Give it time, assess the situation quietly, at your own pace, listen to your inner voice and find out later what you wanna do eventually. Enjoy your newfound freedom and the few extra bucks in your pockets. Congratulations.", '13kljcg'], ['u/11SIERRA11', 14, '2023-05-18 08:27', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklr5h7/', 'Take a plane, come to Spain, to a town with beach. Talk to strangers, try new food, explore a bit. Just change your point of view.', '13kljcg'], ['u/Frequent-Muffins', 59, '2023-05-18 08:48', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklsr5j/', 'invites dogs to grill out', '13kljcg'], ['u/Unnecessary_Timeline', 14, '2023-05-18 09:05', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklu0n3/', 'Travel. Not the whole world is on fire, there is a lot to see. The first place I ever went abroad was Iceland and it was amazing. If you don’t want to gawk at man-made structures, Iceland is an amazing place to go. The whole country is full of jaw dropping natural beauty. Most destinations had 20 or less other tourists, and I went during peak tourist time. There were a few crowded spots, like the popular geyser and a very popular waterfall. But the rest was very peaceful with no crowds.\n\nDon’t stay in Reykjavík except for to arrive and leave. Spend the rest of your time out in the countryside. It’s jaw dropping. Like, there are beautiful waterfalls easily seen as you casually drive down the highways. It was kind of blissful for me; it legitimately forgot about my life problems and the general awful state of humanity for a couple days.', '13kljcg'], ['u/reeeegert', 11, '2023-05-18 09:28', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklvojh/', 'Or maybe, just maybe this is about supporting someone who’s been through hell for years of enforced poverty and helping him do what he wants to do.', '13kljcg'], ['u/PhilosophorumX', 14, '2023-05-18 10:54', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkm1m5l/', 'Diogenes?', '13kljcg'], ['u/Visible_Juice_4204', 10, '2023-05-18 13:14', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkmcl4y/', 'Rainbow washing is when a person/company pretends like theyre pro-queer, but actually theyre just doing it to to get money from queer people and allies.', '13kljcg']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, May 18, 2023', 33, '2023-05-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/', '13kntz5', [['u/cousin_brian', 17, '2023-05-18 07:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jklliba/', 'So much fud. America will not default. Buy the dip', '13kntz5'], ['u/regxbN78', 13, '2023-05-18 08:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jklrb6k/', "If America defaults, Bitcoin will probably do a lot better than wherever else you're storing money.", '13kntz5'], ['u/NLNico', 20, '2023-05-18 10:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jklz47p/', "[Truflation](https://truflation.com/) continues to make new lows at 3.29%. Nasdaq at just below the local Aug '22 top. Might want to wait till they go above that (and SPX at least 4.2k+), but as equities go higher, hard to imagine more risky assets like bitcoin won't follow. Quite bullish for next few months. Let's hope I am right lol.", '13kntz5'], ['u/dopeboyrico', 14, '2023-05-18 14:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkmi98n/', '[Today is the last day both chambers of Congress are in session at the same time before the default x date on June 1st.](https://content.rollcall.com/wp-content/uploads/2022/12/2023CQRCCongressionalCalendar.pdf)\n\nIf we don’t get news by the end of today that a resolution has been made on the debt ceiling, expect volatility going forward. The House and Senate will only be in session on non-overlapping days for the rest of the month. The closer we get to the x date with no decision made, the more volatility we will see.\n\nA decision might not be made until right before the x date occurs but ultimately the debt ceiling will be increased. The negative repercussions of default are far too severe to be allowed to occur.', '13kntz5'], ['u/pluto098', 23, '2023-05-18 14:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkmkcax/', "They have to pretend it's a big deal for the political theatre but everyone knows the ceiling will be raised lol. It's pushing a can down the road to be someone elses problem later on.", '13kntz5'], ['u/Beingoodfornothing', 16, '2023-05-18 16:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkn37tj/', 'I see that wallets hodling at least 1btc crossed 1 million mark.', '13kntz5'], ['u/snek-jazz', 18, '2023-05-18 18:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknmlfm/', '> ~~wallets~~\n\nadresses', '13kntz5'], ['u/cryptovector', 10, '2023-05-18 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknvdob/', "most wallets I've seen make a new address for every transaction. So if I have 10 btc in my wallet it could be 10 separate addresses with 1 btc each which is why this metric is kind of useless.", '13kntz5'], ['u/Order_Book_Facts', 14, '2023-05-18 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknveze/', 'I doubt there will be any significant upwards price movement until the US debt ceiling deal is in place. \n\nI’d like to believe in my heart that bitcoin is an incredible hedge against this very event; but the reality is bitcoin is magic internet monies and is the first risk off asset sold when staring down the barrel of the shotgun.', '13kntz5'], ['u/iEyeOpen', 11, '2023-05-18 19:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknw73u/', "Too many easy liquidation targets just 2% below markat price. Degens have to be flushed fully before BTC can go up, it's a law of nature. You can't have your liq price in the trading channel and expect to get rich quickly.", '13kntz5'], ['u/[deleted]', 26, '2023-05-18 21:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkocju7/', 'Lol just noticed Zane Tackett, former head of Institutional Sales at FTX is a mod of this sub. What a small incestuous world crypto is.\n\nNext I will learn ChadRun04 is Paolo Ardoino from Bitfinex.', '13kntz5'], ['u/[deleted]', 10, '2023-05-18 23:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkow9jv/', 'Do something fun big guy, cmon, we need some juice', '13kntz5'], ['u/delgrey', 10, '2023-05-18 23:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkowu0y/', 'One million Zimbabwe dolla.', '13kntz5']]], ['u/[deleted]', 'People who complain about being down.', 24, '2023-05-18 07:33', 'https://www.reddit.com/r/roboinu/comments/13kplk2/people_who_complain_about_being_down/', 'I don’t understand the logic of people who complain about their investment being down. If you go and look at any crypto price chart and look at the first year or longer, you will see highs and lows, volatility and unpredictability. Look and BTC and ETH, they’re the same. That’s just crypto. \n\nThere’s no such thing as a guaranteed winner in this game so if you bought in to this project, have some faith in it, contribute to its growth and hopefully we’ll see our investments go up long term. \n\nUntil then, there will be ups and downs, there’s no point freaking out every time that happens. And if you can’t handle the ups and down of this token, you couldn’t have handled holding BTC in the early days either.', 'https://www.reddit.com/r/roboinu/comments/13kplk2/people_who_complain_about_being_down/', '13kplk2', [['u/Extreme-Cup1969', 21, '2023-05-18 21:10', 'https://www.reddit.com/r/roboinu/comments/13kplk2/people_who_complain_about_being_down/jko98to/', 'At some point we need to have an open and honest discussion and realize what works and what doesn\'t work. We have had great success getting many new holders directly after AMA\'s. Ask yourself why. It\'s because the project is EXPLAINED and people start investing. When left to the optics alone (i.e the dog theme mascot, inu, tokenomics) our numbers slump and the market doesn\'t react favorably. Your "brand" needs to quickly and concisely tell potential investors what you\'re all about. Marketing 101. If your project is egodystonic meaning there\'s an internal clash between core values and the optics you may be simply scaring people off. All the social media and reddit posts are so appreciated but they fall short because noone gets past the optics enough to research the project. You shouldn\'t have to convince people of anything the branding should do that itself. That\'s why the current community marketing has been unsuccessful because we are asking people to explain something they might not even fully understand themselves in order to help people look past the optics. So short of spending marketing money my humble recommendation is to do as many AMA\'s as possible to help explain the potential. But it needs to comes from the source and not people who are just invested. Show your face as often as possible to show this isnt another anonymous team led token. They need to give people THEIR vision on what they are working toward now cause the rest of us really don\'t know. A picture is worth a thousand words so if you arent willing to fix the optics be prepared to say thousands of words to explain your vision.', '13kplk2']]], ['u/rBitcoinMod', 'Daily Discussion, May 18, 2023', 26, '2023-05-18 08:01', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13jt9o5/daily_discussion_may_17_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/', '13kq3gt', [['u/[deleted]', 11, '2023-05-18 10:20', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jklzate/', 'As a new bitcoiner, I want to just get your thoughts on something?\n\nAs I begin this journey, I’ve noticed there is an awful lot to take in, with a multitude of ‘right’ and ‘wrong’ ways to buy and store BTC. As a newcomer, trying to own my BTC on a cold wallet, I can’t help but feel overfaced with information.\n\nMy question to you is…surely this complexity and this high barrier to entry (with knowing the ‘right’ steps to follow with the right platforms/software/hardware) could be a big turn off to people and stand in the way of mass adoption?', '13kq3gt'], ['u/Educational-Cat-2553', 12, '2023-05-18 11:15', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jkm33yc/', "true. I believe we're not doing enough to make the technology accessible and secure for everyone. But in hindsight, things are easier today than they were 5 years ago and WAY easier than 10 years ago.", '13kq3gt'], ['u/NectarineDirect936', 11, '2023-05-18 11:33', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jkm4boh/', "Never thought i'd be able to accumulate this much tbh.. Done buying lump sums, achieved my goal already and it's a great feeling small weekly dca goes a long way now.", '13kq3gt'], ['u/DeerWhisperer8726', 16, '2023-05-18 16:37', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jkn1yuy/', 'Hour and a half into the Bitcoin 2023 conference and I\'ve heard more speakers say "crypto, web3, blockchain, digital assets" than "Bitcoin". Wtf is this', '13kq3gt'], ['u/Sweaty_Constant_6778', 11, '2023-05-18 19:58', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jknxwbz/', 'Typical BTC dumps on Day 1 of BTC Conference. Should cancel event 🤮', '13kq3gt'], ['u/hateschoolfml', 12, '2023-05-18 20:19', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jko185p/', 'Shitcoin scammers is all I see at this “btc” conference \n\nThey just want more and your bitcoin', '13kq3gt']]], ['u/DannyDev1to', 'Any hardware wallet recommendations?', 17, '2023-05-18 08:47', 'https://www.reddit.com/r/ledgerwallet/comments/13kqwnk/any_hardware_wallet_recommendations/', 'So obviously ledger isn’t one of the suggestions I’d like but what are some good alternatives? I bought a Coldcard for bitcoin but is there any good alternatives that support alts like algorand, cosmos, hedera, litecoin, etc? I’ve been looking all over and found some options like keystone and ellipal but I’d like something that I could use on my desktop instead of cell phone. Preferably open source too.', 'https://www.reddit.com/r/ledgerwallet/comments/13kqwnk/any_hardware_wallet_recommendations/', '13kqwnk', [['u/alby6969696969', 13, '2023-05-18 09:15', 'https://www.reddit.com/r/ledgerwallet/comments/13kqwnk/any_hardware_wallet_recommendations/jkluraq/', 'We are not confident with new firmware. It is a 0 or 1 away from compromise.\n\nNot a risk we are willing to take. It should have always been done an a Noob device with big buttons for boomers.\n\nOld devices and customers should never have been treated this way. The only way back I see is to open source and show us what you are hiding. Otherwise only a fool will update their firmware.', '13kqwnk']]], ['u/Ok_Schedule_9476', 'Tether will allocate 15% profit every month to buy Bitcoin', 24, '2023-05-18 09:19', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/', 'Starting this month, Tether will start a campaign to spend 15% of profits every month buying BTC, RBIF. Strategy to diversify reserves for USDT, reduce dependence on US government bonds & bank deposits\n\nhttps://preview.redd.it/cjby0cimjj0b1.png?width=589&format=png&auto=webp&v=enabled&s=8e719da0b8c1c81d1bd217caa2b67e356deb8d2c', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/', '13krgzf', [['u/Ithinkstrangely', 17, '2023-05-18 11:09', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/jkm2o24/', 'The central bankers control Tether just like they control BTC (fake Bitcoin). Is it obvious now?', '13krgzf'], ['u/surprise-pikachu', 27, '2023-05-18 13:05', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/jkmbq98/', "So Tether now admits to doing what they've been doing all along?", '13krgzf'], ['u/oldskool47', 13, '2023-05-18 17:28', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/jkna0gy/', 'Tether mints USDT. BTC pumps. Rinse. Repeat.', '13krgzf']]], ['u/Smile0069', '3 Penny stocks primed to be 10-baggers in 5 Years', 27, '2023-05-18 09:57', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/', ' \n\n## Tilray Brands ($TLRY)\n\nFor cannabis stocks, there are two scenarios in the coming years. First, if cannabis is legalized at the federal level, Tilray Brands ($TLRY) stock and several other cannabis stocks will deliver 10-bagger returns with ease.\n\nHowever, even if regulatory headwinds sustain. There are some cannabis stories that will deliver value. Tilray Brands is among the interesting growth stories to accumulate.\n\nA recent report indicates that U.S. cannabis sales will hit $71 billion by 2030 even without federal reforms. If we include Europe, the total addressable market will be over $100 billion. This underscores my view on potential multi-bagger penny stocks from the cannabis segment.\n\nSpecific to Tilray Brands, the company has been consistently delivering positive adjusted EBITDA. Tilray has also guided for positive free cash flow from all key business units in 2023.\n\nWith $408.3 million in cash and equivalents, the company has ample flexibility to invest in organic and acquisition-driven growth.\n\nTilray has a presence in Canada, Europe, and the U.S. This, coupled with the fact that the company is into recreational and medicinal cannabis, implies a big addressable market.\n\n \n\n## Bitfarms ($BITF)\n\nBitfarms ($BITF) stock has skyrocketed by 156% for year-to-date 2023. However, assuming a scenario where Bitcoin (BTC-USD) remains in an uptrend, BITF stock is among the potential 10-bagger penny stocks.\n\nThere are ambitious targets for Bitcoin with Standard Chartered anticipating $100,000 levels for the cryptocurrency by the end of 2024.\n\nThis is likely with Bitcoin halving due in 2024. Additionally, a dovish stance by the Fed can trigger a big rally for risky asset classes in the second half of 2023.\n\nFor Q1 2023, Bitfarms reported $30 million in revenue and $6 million in EBITDA. On a quarter-on-quarter basis, adjusted EBITDA improved by 500%. The low-cost Bitcoin miner is positioned to benefit as realized prices swell.\n\nAnother point to note is that Bitfarms has lowered debt by $140 million in the last 10 months. As of April, the company’s total debt was $19 million. This provides ample flexibility for mining expansion. The company has already boosted its mining capacity to 5EH/s as of May.\n\n \n\n## Solid Power ($SLDP)\n\nAt $1.95, Solid Power (SLDP) looks massively undervalued. It’s among the 10-bagger penny stocks to buy for the long term.\n\nOf course, if the company is successful in commercializing solid state batteries, the upside potential will not be capped at 10x.\n\nThe company’s SP2 electrolyte production facility was commissioned in April. Further, the company is on track to deliver EV cells to automotive partners during the year. Solid Power’s automotive partners include BMW ($BMWYY) and Ford ($F).\n\nThe company has already licensed its cell design and manufacturing process to BMW. This will help in accelerating research and development activities.\n\nFrom a financial perspective, Solid Power ended Q1 2023 with cash and equivalents of $468.2 million. There is ample flexibility to make aggressive investments towards R&D.\n\nOverall, as the company officially enters the automotive qualification process in 2023, SLDP stock is poised for big action.', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/', '13ks4xa', [['u/hbcbDelicious', 102, '2023-05-18 13:35', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/jkmeq3x/', 'Saw Tilray and stopped reading', '13ks4xa'], ['u/Bentley3461', 14, '2023-05-18 13:50', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/jkmga3t/', 'If Tilray were a winner then it wouldn’t be in penny stock discussion right now.', '13ks4xa'], ['u/Jobes420', 11, '2023-05-18 16:22', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/jkmzsgk/', 'Tilray will never be heard of again in 2 years', '13ks4xa']]], ['u/KlemenKisi', 'What kind of coins did you mainly buy?', 30, '2023-05-18 10:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/', 'According to my observations, there are a few types of coins depending on their market movement and utility. \n\n1. Bitcoin - first cryptocurrency, king of our hearts, leading the market since its creation.\n\n2. Coins that show potential and deliver - projects like Ethereum that are promising novelties, solutions to problems, etc. and actually deliver good services and have great developers. This shows in their market trends as they usually make their way upwards over a longer period.\n\n3. Coins that show potential but fail to deliver - Not all coins are scams. I do believe that some projects really mean to develop as solutions to some problems and are planning to upgrade the existing tech. Unfortunately as the time goes, their roadmap gets posponed and postponed. They might deliver but in a very stretched timeframe. Eventually people lose interest in them and only the religious bag holders still hope for the project\'s development.\n\n4. Meme coins "pump and dump" - we all know these, they usually dont last long on the market, developers hype people into buying and then sell their bags, usually leaving other holders unable to even sell for loss.\n\n5. Meme coins that pump and dump and then somehow stay there - Im talking about Dogecoin for example. First meant as a total meme, but now has its own blockchain and even some utility. For some it is not considered a meme coin anymore. Pepe might be going in this direction?\n\nAre there some that I missed? Which types do you hold/prefer?', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/', '13kswf5', [['u/Roberto9410', 31, '2023-05-18 10:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/jkm1kqg/', 'I mainly buy those that go to zero! 😅', '13kswf5'], ['u/ChemicalGreek', 14, '2023-05-18 10:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/jkm1mhm/', 'BTC and ETH I mainly bought this bear market! And by being on my favorite sub I got also Moons :)', '13kswf5'], ['u/Barchelonio', 16, '2023-05-18 10:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/jkm1r4c/', 'Had to many bad experiences with all the alts. Now sticking to probably the most boring but the best for me strategy: BTC and ETH and a little bit of moon farming on the side.', '13kswf5']]], ['u/sandych33k', 'Cone and Bitcone could be the reason for a new "bull" in RCAs', 13, '2023-05-18 12:15', 'https://www.reddit.com/r/ConeHeads/comments/13kunx6/cone_and_bitcone_could_be_the_reason_for_a_new/', "Gen 3 hit the RCA market pretty hard, which ended in a massive sell out. This was a growing ground of doubt and disbelief.\n\nI think the Cone community showed, that they're the fundament of avatar movement. It's like a breath of fresh seeing Cones with a steady price and the current hype around Bitcones. Imo we can see similarities between the story of Bitcones and its brother Bitcoins. When everyone is selling and we're in a bear market, there is one left back standing on its own... \n\nAnd this is the CONE, fellas!", 'https://www.reddit.com/r/ConeHeads/comments/13kunx6/cone_and_bitcone_could_be_the_reason_for_a_new/', '13kunx6', [['u/TamilPunk', 11, '2023-05-18 12:21', 'https://www.reddit.com/r/ConeHeads/comments/13kunx6/cone_and_bitcone_could_be_the_reason_for_a_new/jkm7xrl/', "But the upsetting fact is, avatartrading sub doesn't like coneheads and bitcones...", '13kunx6']]], ['u/26oclock', 'What are the risks for my cold storage plan.', 16, '2023-05-18 13:15', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/', 'I have a Nano Ledger S. Need to move my longterm storage now as it looks like.\n\n1. Save an offline HTML of https://www.bitaddress.org/\n2. Use USB to transfer HTML to offline PC\n3. Generate one private key\n4. Do a backup photo of that private key via analog polaroid camera\n5. Send BTC from ledger to the paper wallet\n\n\nQuestion: How safe is this? And can I send multiple times to the same paper wallet? \n\nThanks!', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/', '13kvzy0', [['u/rosarino356', 15, '2023-05-18 13:58', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/jkmh4fw/', "Paper wallets have their risks too, make sure to read about them\nPlus, if you have a Nano S (not S Plus), you should be good, since Ledger confirmed it wouldn't be impacted by Ledger Recover due to incompatibility with it's chip. Obviously that requires still trusting what they say...", '13kvzy0'], ['u/TrevReznik', 13, '2023-05-18 14:00', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/jkmhai4/', "Honestly with a Ledger Nano S the risk is near enough to zero. Just use a passphrase if you don't already. Run you own node+sparrow wallet and you won't need to run Ledger Live or do a firmware upgrade again.", '13kvzy0'], ['u/Rix0n3', 13, '2023-05-18 14:03', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/jkmhm8p/', 'Do you wanna risk trusting ledger after this saga? Its not about what the customers want, its about what lines there pockets.', '13kvzy0']]], ['u/Ryanopoly', 'I had a conversation with a Bitcoin scammer via Reddit messaging this morning promising me 6 to 8 percent daily returns, so just be aware that they are still out there folks.', 207, '2023-05-18 13:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/', 'I received a message last night and already pretty much knew it was a scam just off the name alone, and said to myself, ah what the hell, let me troll this scammer for a bit before I go to bed.\n\nSo we got to talking, and then I fell asleep, because he was taking a lot of time to respond between our messages, most likely trying to scam multiple people at once from his little call center.\n\nAnyway, when I woke up this morning I saw that he responded, and then we got to talking. It didn\'t take long before he asked me if I knew about Bitcoin, which was kind of a rookie mistake, seeing as though he spotted me in a cryptocurrency sub-Reddit to begin with, obvious red flag number one.\n\nThen, the big doozie happened, when he promised me 6 to 8 percent "daily" returns on my Bitcoin investment, which I promptly replied: "daily!" He replied confidently: Yes, daily. \n\nSo I said I am definitely interested, and then he began or attempted to begin his transition with me over to you guessed it.... Telegram. After informing him that I didn\'t have Telegram, he quickly asked me to meet his boss over on WhatsApp, which I again said I did not have... and then he was gone.\n\nI have the full conversation screenshot posted on my profile if any of you are interested in reading the entire conversation, plus you can see the scammers username, just in case my buddy tries to message you as well. It doesn\'t mean much though, since they most likely have thousands of puppet accounts to use, but I just wanted you all to know that these lowest of the low are still trying to get your hard earned coins and tokens, so be aware, and keep yourselves safe.', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/', '13kw0ow', [['u/Kappatalizable', 58, '2023-05-18 13:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmd7gt/', '>So we got to talking\n\nI thought this would end up with you guys getting married and having children. Was disappointed ngl', '13kw0ow'], ['u/Ryanopoly', 10, '2023-05-18 13:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmdb9i/', 'The day is still young my friend.', '13kw0ow'], ['u/deftaj', 34, '2023-05-18 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmdhd2/', "He can't touch me, my funds are already in the safe hands of a Nigerian prince", '13kw0ow'], ['u/Popular_Worry_9294', 10, '2023-05-18 13:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmer13/', 'Mine are safely held by the Bitcoin CEO', '13kw0ow'], ['u/MindTheMindForMind', 11, '2023-05-18 15:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmupkf/', 'Getting married, having children and 6/8% return every day??? \n\nI’m in.', '13kw0ow']]], ['u/jlstg2', 'I’ve started DCA’ing all I can but it seems like I am accumulating at such a slow rate and I will never acquire enough to get out of the fiat trap.', 97, '2023-05-18 13:53', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/', 'I recently started DCA’ing about $10 a week but that’s all I can do right now. I’ve cut what expenses I can and am trying to make more money. I want to accumulate more before the next bull run to protect myself from the fiat bullish!t and the collapse of the US dollar as the reserve currency but I don’t think I have time to accumulate enough. \n\nAm I destined to only accumulate a very small amount before Bitcoin becomes main stream and the reserve currency? Is there ways to get more or will my small bag be enough to protect me from what is to come. \n\nThank you to this sub for all the great information and advice. You have helped me on this journey to be free from the control of fiat. \n\nAlso yes I’m using a cold wallet since I know that will be some of the comments lol.', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/', '13kwwcv', [['u/catasTrivity', 101, '2023-05-18 13:56', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmgw0y/', "Bro I started off doing this in like 2018 and was thinking the exact same thing..... Stay at what you are doing and you will thank yourself later. At the time I thought I was too late but kept going, it's the only wie.", '13kwwcv'], ['u/Tipyapha', 27, '2023-05-18 14:24', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmk0zh/', 'I had 2 friends in 2012 that stopped smoke cigarettes and DCA only those money, now they are multi millionaire.', '13kwwcv'], ['u/escodelrio', 27, '2023-05-18 15:02', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmolwc/', 'If you have more than 243,000 sats you have more than the average person on the planet can currently obtain: [http://bitcoinsperperson.com/](http://bitcoinsperperson.com/)\n\nThink in terms of satoshis and not whole Bitcoins. The age of being a wholecoiner has effectively passed. We are entering the age of satoshis.', '13kwwcv'], ['u/StumbleMyMirth', 78, '2023-05-18 15:09', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmpj2a/', "You have plenty of time.\n\nThe USD is not going to collapse anytime soon. In fact, it may not even be in your lifetime. Same with BTC becoming the global reserve currency. Don't expect this soon, or even ever. \n\nStep back a bit from the FUD inducing rabbit hole you've taken yourself down and relax a bit. Be glad you learned about BTC, invest what you can, make sure you have a cash cushion and your living expenses taken care of, and just set it and forget it.", '13kwwcv'], ['u/Glad-Ease4283', 20, '2023-05-18 15:37', 'https://www.reddit.com/r/Bitcoin/comments/13... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation.\nIn an interview at Bitcoin 2023 in Miami, Saylor exclusively toldDecryptthat the software firm is looking atOrdinalsand assessing its potential in terms of application development.\nOften used to create NFT-like assets on top of Bitcoin, Ordinalslaunched in January, and the protocol—while not embraced entirely by the Bitcoin community—has created a new wave of experimentation with crypto’s oldest coin.\nWhile Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price\nOne recent innovation in the space leveraging Ordinals is an experimental framework for building tokens on top of Bitcoin. It waspioneeredby the pseudonymous on-chain data enthusiast Domo in early March. And since then, thousands of other so-called BRC-20 tokens have been created.\nAll those transactions have been partly—or entirely, depending on who you ask—responsible for elevated transaction fees on Bitcoin. That’s been aboon for Bitcoin miners, who collecttransaction feesfor their role in securing the network. But lots of members of the community have complained that high fees make it harder forregular peopleto use BTC as the peer-to-peer electronic cash system thatSatoshi Nakamoto, the pseudonymous creator of Bitcoin, intended it to be.\nThe discussion surrounding Ordinals is important, Saylor said, because “Bitcoin miners have to be successful over the long term.” He added that the development of applications building on Bitcoin’s functionality could also bolster the coin’s overall adoption, among individuals, firms, and governments.\nSaylor didn’t specifically say what use cases MicroStrategy could be looking into that tap Ordinals, but he noted the ability to commit data to Bitcoin’s blockchain that isn’t solely related to transactions has many potential applications.\n“The whole idea of burning a piece of data on the blockchain opens the door to the possibility that I might burn a digital signature, or I might burn a registration, or I might burn a hash of a document,” Saylor said.\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption\nTouching on corporate security, Saylor mentioned DocuSign, which lets businesses and individuals send and sign agreements securely using the firm’s electronic signature product. But that makes mega corporations reliant on a proprietary database, Saylor noted.\n“Right now, enterprises have weak security compared to Bitcoin,” Saylor said, adding that innovations using the world\'s largest cryptocurrency could possibly “introduce a new level of security” available to firms “that doesn\'t exist right now.”\nSaylor’s comments come just a week after he described Ordinals as a “catalyst” for Bitcoin adoption on thePBD Podcast. Still, he acknowledges that Ordinals have been used for plenty of silly reasons.\n"The general consensus is criticize stuff that we think is silly, but don\'t censor it," he said on Thursday in Miami.\nSaylor didn\'t want to predict "which protocol will win,” but he said altering Bitcoin so that it censors certain uses would be wrong. It was a nod to the effort by a group of core Bitcoin developers, including Luke Dashjr, totreat Ordinals as "spam"and filter them out of transactions.\n“If somebody wants to change the protocol, in order to censor someone else from using Bitcoin, I don\'t think that\'s consistent with the values of the community,” Saylor said. “I do believe in rules without rulers.”', 'MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation.\nIn an interview at Bitcoin 2023 in Miami, Saylor exclusively toldDecryptthat the software firm is looking atOrdinalsand assessing its potential in terms of application development.\nOften used to create NFT-like assets on top of Bitcoin, Ordinalslaunched in January, and the protocol—while not embraced entirely by the Bitcoin community—has created a new wave of experimentation with crypto’s oldest coin.\nWhile Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price\nOne recent innovation in the space leveraging Ordinals is an experimental framework for building tokens on top of Bitcoin. It waspioneeredby the pseudonymous on-chain data enthusiast Domo in early March. And since then, thousands of other so-called BRC-20 tokens have been created.\nAll those transactions have been partly—or entirely, depending on who you ask—responsible for elevated transaction fees on Bitcoin. That’s been aboon for Bitcoin miners, who collecttransaction feesfor their role in securing the network. But lots of members of the community have complained that high fees make it harder forregular peopleto use BTC as the peer-to-peer electronic cash system thatSatoshi Nakamoto, the pseudonymous creator of Bitcoin, intended it to be.\nThe discussion surrounding Ordinals is important, Saylor said, because “Bitcoin miners have to be successful over the long term.” He added that the development of applications building on Bitcoin’s functionality could also bolster the coin’s overall adoption, among individuals, firms, and governments.\nSaylor didn’t specifically say what use cases MicroStrategy could be looking into that tap Ordinals, but he noted the ability to commit data to Bitcoin’s blockchain that isn’t solely related to transactions has many potential applications.\n“The whole idea of burning a piece of data on the blockchain opens the door to the possibility that I might burn a digital signature, or I might burn a registration, or I might burn a hash of a document,” Saylor said.\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption\nTouching on corporate security, Saylor mentioned DocuSign, which lets businesses and individuals send and sign agreements securely using the firm’s electronic signature product. But that makes mega corporations reliant on a proprietary database, Saylor noted.\n“Right now, enterprises have weak security compared to Bitcoin,” Saylor said, adding that innovations using the world\'s largest cryptocurrency could possibly “introduce a new level of security” available to firms “that doesn\'t exist right now.”\nSaylor’s comments come just a week after he described Ordinals as a “catalyst” for Bitcoin adoption on thePBD Podcast. Still, he acknowledges that Ordinals have been used for plenty of silly reasons.\n"The general consensus is criticize stuff that we think is silly, but don\'t censor it," he said on Thursday in Miami.\nSaylor didn\'t want to predict "which protocol will win,” but he said altering Bitcoin so that it censors certain uses would be wrong. It was a nod to the effort by a group of core Bitcoin developers, including Luke Dashjr, totreat Ordinals as "spam"and filter them out of transactions.\n“If somebody wants to change the protocol, in order to censor someone else from using Bitcoin, I don\'t think that\'s consistent with the values of the community,” Saylor said. “I do believe in rules without rulers.”', 'MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation. In an interview at Bitcoin 2023 in Miami, Saylor exclusively told Decrypt that the software firm is looking at Ordinals and assessing its potential in terms of application development. Often used to create NFT-like assets on top of Bitcoin, Ordinals launched in January , and the protocol—while not embraced entirely by the Bitcoin community—has created a new wave of experimentation with crypto’s oldest coin. While Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price One recent innovation in the space leveraging Ordinals is an experimental framework for building tokens on top of Bitcoin. It was pioneered by the pseudonymous on-chain data enthusiast Domo in early March. And since then, thousands of other so-called BRC-20 tokens have been created. All those transactions have been partly—or entirely, depending on who you ask—responsible for elevated transaction fees on Bitcoin. That’s been a boon for Bitcoin miners , who collect transaction fees for their role in securing the network. But lots of members of the community have complained that high fees make it harder for regular people to use BTC as the peer-to-peer electronic cash system that Satoshi Nakamoto , the pseudonymous creator of Bitcoin, intended it to be. The discussion surrounding Ordinals is important, Saylor said, because “Bitcoin miners have to be successful over the long term.” He added that the development of applications building on Bitcoin’s functionality could also bolster the coin’s overall adoption, among individuals, firms, and governments. Saylor didn’t specifically say what use cases MicroStrategy could be looking into that tap Ordinals, but he noted the ability to commit data to Bitcoin’s blockchain that isn’t solely related to transactions has many potential applications. Story continues “The whole idea of burning a piece of data on the blockchain opens the door to the possibility that I might burn a digital signature, or I might burn a registration, or I might burn a hash of a document,” Saylor said. Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption Touching on corporate security, Saylor mentioned DocuSign, which lets businesses and individuals send and sign agreements securely using the firm’s electronic signature product. But that makes mega corporations reliant on a proprietary database, Saylor noted. “Right now, enterprises have weak security compared to Bitcoin,” Saylor said, adding that innovations using the world\'s largest cryptocurrency could possibly “introduce a new level of security” available to firms “that doesn\'t exist right now.” Saylor’s comments come just a week after he described Ordinals as a “ catalyst ” for Bitcoin adoption on the PBD Podcast . Still, he acknowledges that Ordinals have been used for plenty of silly reasons. "The general consensus is criticize stuff that we think is silly, but don\'t censor it," he said on Thursday in Miami. Saylor didn\'t want to predict "which protocol will win,” but he said altering Bitcoin so that it censors certain uses would be wrong. It was a nod to the effort by a group of core Bitcoin developers, including Luke Dashjr, to treat Ordinals as "spam" and filter them out of transactions. “If somebody wants to change the protocol, in order to censor someone else from using Bitcoin, I don\'t think that\'s consistent with the values of the community,” Saylor said. “I do believe in rules without rulers.”', 'Good morning. Here’s what’s happening:\nPrices:Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.\nInsights:GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn\'t absolve it from the duties and liabilities inherent in traditional business operations.\nCoinDesk Market Index (CMI)\n1,161\n−15.9▼1.4%\nBitcoin (BTC)\n$26,910\n−470.2▼1.7%\nEthereum (ETH)\n$1,806\n−17.7▼1.0%\nS&P 500\n4,198.05\n+39.3▲0.9%\nGold\n$1,961\n−19.8▼1.0%\nNikkei 225\n30,573.93\n+480.3▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,161", "\\u221215.9\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,910", "\\u2212470.2\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,806", "\\u221217.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,198.05", "+39.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221219.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,573.93", "+480.3\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nRegulatory Certainty Brings Optimism\nGood morning Asia,\nBitcoin and ether are both in the red as the East Asia trading day begins. Bitcoin is down 1.9% to $26,882, while ether is down 0.89% to $1,805.\nA lot isweighing heavyon bitcoin, with macroeconomic uncertainty continuing to bother traders.\nButCoinglass datashows that traders in Asia remain optimistic towards the asset class. Right now, traders are mostly in long positions, with 53.62% long and 46% holding shorts.\nLiquidation data also favors the longs. Coinglass shows that $7.3 million in short positions were liquidated in the last four hours compared to $1.57 million in longs.\nTraders seem to be even more bullish on ether, as 90% of liquidations were shorts, at $3.36 million, versus $361,000 in longs.\nIt could be because the regulatory situation in Asia is a bit more clear than in the U.S. Singapore has a framework for regulating crypto. Imperfect as it is, it exists. Hong Kong willhave licensed crypto exchangesonline by mid-year. Even Taiwan, known as a financial hub, will have aframework in place sometime in 2023.\nRulebooks, even if they aren’t perfect, create certainty. It’s much better for business than making things up “on the fly.”\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\nGrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter.\nGrumpyCat is based on theGrumpyCat meme of yesteryear, while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors.\nThe team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money.\n“GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.”\nBut here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto (as well as other merchandise), according to the U.S. Patent Office.\nGrumpyCat LLC is making good on protecting its IP via a legal threat.Served on-chain, no less(which courts havegiven a green light to in New Yorkand inthe U.K). Pepe is also the property of someone that’s not the team behind the meme coin, and while they haven’t targeted the meme coin, they haveaggressively gone after its unauthorized use.\nMeme coins are fun, and they are drivingnearly a billion dollars in tradeon-chain, according to CoinGecko data. A debate about whether this is actual value is something for another time. The reality is that when projects get tohave market caps in the size of Pepe($673 million cap and $258 million in trading volume), trademarks and copyrights become real concerns.\nIt’s very likely that GrumpyCat’s team will just ignore the legal threat. But the law is catching up to crypto. We’re in an era now where there’s a legal precedent for the argument that DAOs and their founders have thesame sort of liability as general partnershipsand corporations.\nAfter all, somebody registered the domain name.\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Producer Price Index (MoM/April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/March)\n11:00 p.m. HKT/SGT(15:00 UTC)United States Fed\'s Chair Powell Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Back Above $27K Amid Optimism on Debt-Ceiling; MakerDAO Founder on Endgame Update\nBitcoin (BTC) was back above $27,000 after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis. Plus, MakerDAO founder Rune Christensen discussed plans to introduce a new stablecoin and governance token as part of the platform’s ongoing revamp. And, Endaoment CEO and President Robbie Heeger shared an update on charitable organizations willing to accept digital assets.\nBitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet:The Chinese rig maker\'s new model can deliver 320 TH/s, outperforming competitor Bitmain\'s equivalent machine lineup.\nCoinbase Cloud Joins Chainlink as Node Operator to Bolster Security:Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.\nLedger Continues to Defend Recovery System, Says It\'s Always \'Technically\' Possible to Extract Users\' Keys:"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said earlier in a now-deleted tweet.\nRipple Starts Platform for Central Banks to Issue Their CBDCs:The firm will also showcase a real estate tokenization product as part of the Hong Kong Monetary Authority\'s e-HKD pilot.\nLido Community Members Propose LDO Token Staking and Buyback Plan:The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”', 'Good morning. Here’s what’s happening: Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations. Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn\'t absolve it from the duties and liabilities inherent in traditional business operations. Prices CoinDesk Market Index (CMI) 1,161 −15.9 ▼ 1.4% Bitcoin (BTC) $26,910 −470.2 ▼ 1.7% Ethereum (ETH) $1,806 −17.7 ▼ 1.0% S&P 500 4,198.05 +39.3 ▲ 0.9% Gold $1,961 −19.8 ▼ 1.0% Nikkei 225 30,573.93 +480.3 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,161 −15.9 ▼ 1.4% Bitcoin (BTC) $26,910 −470.2 ▼ 1.7% Ethereum (ETH) $1,806 −17.7 ▼ 1.0% S&P 500 4,198.05 +39.3 ▲ 0.9% Gold $1,961 −19.8 ▼ 1.0% Nikkei 225 30,573.93 +480.3 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Regulatory Certainty Brings Optimism Good morning Asia, Bitcoin and ether are both in the red as the East Asia trading day begins. Bitcoin is down 1.9% to $26,882, while ether is down 0.89% to $1,805. A lot is weighing heavy on bitcoin, with macroeconomic uncertainty continuing to bother traders. But Coinglass data shows that traders in Asia remain optimistic towards the asset class. Right now, traders are mostly in long positions, with 53.62% long and 46% holding shorts. Liquidation data also favors the longs. Coinglass shows that $7.3 million in short positions were liquidated in the last four hours compared to $1.57 million in longs. Traders seem to be even more bullish on ether, as 90% of liquidations were shorts, at $3.36 million, versus $361,000 in longs. It could be because the regulatory situation in Asia is a bit more clear than in the U.S. Singapore has a framework for regulating crypto. Imperfect as it is, it exists. Hong Kong will have licensed crypto exchanges online by mid-year. Even Taiwan, known as a financial hub, will have a framework in place sometime in 2023 . Story continues Rulebooks, even if they aren’t perfect, create certainty. It’s much better for business than making things up “ on the fly .” Asset Ticker Returns DACS Sector XRP XRP +3.5% Currency Stellar XLM +0.1% Smart Contract Platform Insights GrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter. (Grumpycat.fyi) GrumpyCat is based on the GrumpyCat meme of yesteryear , while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors. The team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money. “GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.” But here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto (as well as other merchandise), according to the U.S. Patent Office. (United States Patent and Trademark Office) (United States Patent and Trademark Office) GrumpyCat LLC is making good on protecting its IP via a legal threat. Served on-chain, no less (which courts have given a green light to in New York and in the U.K ). Pepe is also the property of someone that’s not the team behind the meme coin, and while they haven’t targeted the meme coin, they have aggressively gone after its unauthorized use. Meme coins are fun, and they are driving nearly a billion dollars in trade on-chain, according to CoinGecko data. A debate about whether this is actual value is something for another time. The reality is that when projects get to have market caps in the size of Pepe ($673 million cap and $258 million in trading volume), trademarks and copyrights become real concerns. It’s very likely that GrumpyCat’s team will just ignore the legal threat. But the law is catching up to crypto. We’re in an era now where there’s a legal precedent for the argument that DAOs and their founders have the same sort of liability as general partnerships and corporations. After all, somebody registered the domain name. Important events. 2:00 p.m. HKT/SGT(6:00 UTC) Germany Producer Price Index (MoM/April) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Retail Sales (MoM/March) 11:00 p.m. HKT/SGT(15:00 UTC) United States Fed\'s Chair Powell Speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Back Above $27K Amid Optimism on Debt-Ceiling; MakerDAO Founder on Endgame Update Bitcoin (BTC) was back above $27,000 after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis. Plus, MakerDAO founder Rune Christensen discussed plans to introduce a new stablecoin and governance token as part of the platform’s ongoing revamp. And, Endaoment CEO and President Robbie Heeger shared an update on charitable organizations willing to accept digital assets. Headlines Bitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet : The Chinese rig maker\'s new model can deliver 320 TH/s, outperforming competitor Bitmain\'s equivalent machine lineup. Coinbase Cloud Joins Chainlink as Node Operator to Bolster Security : Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators. Ledger Continues to Defend Recovery System, Says It\'s Always \'Technically\' Possible to Extract Users\' Keys : "Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said earlier in a now-deleted tweet. Ripple Starts Platform for Central Banks to Issue Their CBDCs : The firm will also showcase a real estate tokenization product as part of the Hong Kong Monetary Authority\'s e-HKD pilot. Lido Community Members Propose LDO Token Staking and Buyback Plan : The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”', 'Good morning. Here’s what’s happening:\nPrices:Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.\nInsights:GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn\'t absolve it from the duties and liabilities inherent in traditional business operations.\nCoinDesk Market Index (CMI)\n1,161\n−15.9▼1.4%\nBitcoin (BTC)\n$26,910\n−470.2▼1.7%\nEthereum (ETH)\n$1,806\n−17.7▼1.0%\nS&P 500\n4,198.05\n+39.3▲0.9%\nGold\n$1,961\n−19.8▼1.0%\nNikkei 225\n30,573.93\n+480.3▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,161", "\\u221215.9\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,910", "\\u2212470.2\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,806", "\\u221217.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,198.05", "+39.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221219.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,573.93", "+480.3\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nRegulatory Certainty Brings Optimism\nGood morning Asia,\nBitcoin and ether are both in the red as the East Asia trading day begins. Bitcoin is down 1.9% to $26,882, while ether is down 0.89% to $1,805.\nA lot isweighing heavyon bitcoin, with macroeconomic uncertainty continuing to bother traders.\nButCoinglass datashows that traders in Asia remain optimistic towards the asset class. Right now, traders are mostly in long positions, with 53.62% long and 46% holding shorts.\nLiquidation data also favors the longs. Coinglass shows that $7.3 million in short positions were liquidated in the last four hours compared to $1.57 million in longs.\nTraders seem to be even more bullish on ether, as 90% of liquidations were shorts, at $3.36 million, versus $361,000 in longs.\nIt could be because the regulatory situation in Asia is a bit more clear than in the U.S. Singapore has a framework for regulating crypto. Imperfect as it is, it exists. Hong Kong willhave licensed crypto exchangesonline by mid-year. Even Taiwan, known as a financial hub, will have aframework in place sometime in 2023.\nRulebooks, even if they aren’t perfect, create certainty. It’s much better for business than making things up “on the fly.”\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\nGrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter.\nGrumpyCat is based on theGrumpyCat meme of yesteryear, while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors.\nThe team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money.\n“GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.”\nBut here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto (as well as other merchandise), according to the U.S. Patent Office.\nGrumpyCat LLC is making good on protecting its IP via a legal threat.Served on-chain, no less(which courts havegiven a green light to in New Yorkand inthe U.K). Pepe is also the property of someone that’s not the team behind the meme coin, and while they haven’t targeted the meme coin, they haveaggressively gone after its unauthorized use.\nMeme coins are fun, and they are drivingnearly a billion dollars in tradeon-chain, according to CoinGecko data. A debate about whether this is actual value is something for another time. The reality is that when projects get tohave market caps in the size of Pepe($673 million cap and $258 million in trading volume), trademarks and copyrights become real concerns.\nIt’s very likely that GrumpyCat’s team will just ignore the legal threat. But the law is catching up to crypto. We’re in an era now where there’s a legal precedent for the argument that DAOs and their founders have thesame sort of liability as general partnershipsand corporations.\nAfter all, somebody registered the domain name.\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Producer Price Index (MoM/April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/March)\n11:00 p.m. HKT/SGT(15:00 UTC)United States Fed\'s Chair Powell Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Back Above $27K Amid Optimism on Debt-Ceiling; MakerDAO Founder on Endgame Update\nBitcoin (BTC) was back above $27,000 after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis. Plus, MakerDAO founder Rune Christensen discussed plans to introduce a new stablecoin and governance token as part of the platform’s ongoing revamp. And, Endaoment CEO and President Robbie Heeger shared an update on charitable organizations willing to accept digital assets.\nBitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet:The Chinese rig maker\'s new model can deliver 320 TH/s, outperforming competitor Bitmain\'s equivalent machine lineup.\nCoinbase Cloud Joins Chainlink as Node Operator to Bolster Security:Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.\nLedger Continues to Defend Recovery System, Says It\'s Always \'Technically\' Possible to Extract Users\' Keys:"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said earlier in a now-deleted tweet.\nRipple Starts Platform for Central Banks to Issue Their CBDCs:The firm will also showcase a real estate tokenization product as part of the Hong Kong Monetary Authority\'s e-HKD pilot.\nLido Community Members Propose LDO Token Staking and Buyback Plan:The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”', "The Bitcoin 2023 conference, known as the largestBitcoingathering in the world, kicked off in Miami Beach this week with a noticeable decrease in attendees compared to previous years. While the event attracted around 35,000 participants in 2022, organizers expect only 15,000 attendees this year. The decline in digital asset prices and a series of cryptocurrency-related controversies have dampened the enthusiasm surrounding the conference, leaving some chairs empty and less buzz in the air.\nAttendees voiced their observations, noting the absence of the usual crowd and the subdued atmosphere. Andre Hicks, a regular attendee, attributed the decline to a decrease in disposable income for the average person, pointing to factors such as high inflation. Hicks emphasized that people prefer to participate in a conference where Bitcoin's price is rising rather than during a period of depressed prices. This year's event featured speakers like U.S. presidential candidate Robert F. Kennedy and author Michael Lewis, but the reduced attendance reflects the ongoing crypto winter affecting the industry.\nDespite the decline, the conference, organized by BTC Inc. and BTC Media, LLC, still offers a comprehensive program with over 180 talks covering various topics related to Bitcoin and cryptocurrency. As the crypto market continues to evolve, industry conferences like Bitcoin 2023 play a crucial role in fostering networking and real-life interactions among professionals in the digital asset space.", "The Bitcoin 2023 conference, known as the largestBitcoingathering in the world, kicked off in Miami Beach this week with a noticeable decrease in attendees compared to previous years. While the event attracted around 35,000 participants in 2022, organizers expect only 15,000 attendees this year. The decline in digital asset prices and a series of cryptocurrency-related controversies have dampened the enthusiasm surrounding the conference, leaving some chairs empty and less buzz in the air.\nAttendees voiced their observations, noting the absence of the usual crowd and the subdued atmosphere. Andre Hicks, a regular attendee, attributed the decline to a decrease in disposable income for the average person, pointing to factors such as high inflation. Hicks emphasized that people prefer to participate in a conference where Bitcoin's price is rising rather than during a period of depressed prices. This year's event featured speakers like U.S. presidential candidate Robert F. Kennedy and author Michael Lewis, but the reduced attendance reflects the ongoing crypto winter affecting the industry.\nDespite the decline, the conference, organized by BTC Inc. and BTC Media, LLC, still offers a comprehensive program with over 180 talks covering various topics related to Bitcoin and cryptocurrency. As the crypto market continues to evolve, industry conferences like Bitcoin 2023 play a crucial role in fostering networking and real-life interactions among professionals in the digital asset space.", "Bitcoin 2023 Conference Kicks Off in Miami Bitcoin 2023 Conference Kicks Off in Miami The Bitcoin 2023 conference, known as the largest Bitcoin gathering in the world, kicked off in Miami Beach this week with a noticeable decrease in attendees compared to previous years. While the event attracted around 35,000 participants in 2022, organizers expect only 15,000 attendees this year. The decline in digital asset prices and a series of cryptocurrency-related controversies have dampened the enthusiasm surrounding the conference, leaving some chairs empty and less buzz in the air. Attendees voiced their observations, noting the absence of the usual crowd and the subdued atmosphere. Andre Hicks, a regular attendee, attributed the decline to a decrease in disposable income for the average person, pointing to factors such as high inflation. Hicks emphasized that people prefer to participate in a conference where Bitcoin's price is rising rather than during a period of depressed prices. This year's event featured speakers like U.S. presidential candidate Robert F. Kennedy and author Michael Lewis, but the reduced attendance reflects the ongoing crypto winter affecting the industry. Despite the decline, the conference, organized by BTC Inc. and BTC Media, LLC, still offers a comprehensive program with over 180 talks covering various topics related to Bitcoin and cryptocurrency. As the crypto market continues to evolve, industry conferences like Bitcoin 2023 play a crucial role in fostering networking and real-life interactions among professionals in the digital asset space.", 'Digital Bitcoin Art and Assets (DIBA), a Tim Draper-backed NFT marketplace, has announced the launch of what it claims to be the first Bitcoin NFT marketplace leveraging RGB smart contracts. The platform aims to facilitate the migration of NFTs fromEthereumto Bitcoin more efficiently than Bitcoin Ordinals have done. DIBA\'s CEO, Gideon Nweze, sees this as a significant milestone in transitioning the internet onto Bitcoin, emphasizing the compatibility of the RGB protocol with the existing Bitcoin infrastructure.\nWhile acknowledging the robust interest in both Ordinal NFTs and BRC-20 tokens, Nweze expressed his skepticism towards these innovations. He referred to BRC-20 tokens as the "dumbest technical experiment in crypto," criticizing their inefficiency and lack of effectiveness when trying to force Ethereum functionalities onto Bitcoin. In contrast, DIBA aims to provide enhanced security, privacy, scalability, and reduced transaction fees by leveraging RGB smart contracts.\nDIBA\'s launch also includes the promotion of BitMask, a Bitcoin-only crypto wallet capable of holding unique digital assets (UDAs) like music and art. With the support of Draper Associates, DIBA seeks to bring Bitcoin utility to the masses and enable the exchange of UDAs. Additionally, Nweze believes that the adoption of smart contracts inheriting Bitcoin\'s properties could potentially be viewed favorably by regulators, as Bitcoin is not considered a security by the U.S. Securities and Exchange Commission (SEC).', 'Digital Bitcoin Art and Assets (DIBA), a Tim Draper-backed NFT marketplace, has announced the launch of what it claims to be the first Bitcoin NFT marketplace leveraging RGB smart contracts. The platform aims to facilitate the migration of NFTs fromEthereumto Bitcoin more efficiently than Bitcoin Ordinals have done. DIBA\'s CEO, Gideon Nweze, sees this as a significant milestone in transitioning the internet onto Bitcoin, emphasizing the compatibility of the RGB protocol with the existing Bitcoin infrastructure.\nWhile acknowledging the robust interest in both Ordinal NFTs and BRC-20 tokens, Nweze expressed his skepticism towards these innovations. He referred to BRC-20 tokens as the "dumbest technical experiment in crypto," criticizing their inefficiency and lack of effectiveness when trying to force Ethereum functionalities onto Bitcoin. In contrast, DIBA aims to provide enhanced security, privacy, scalability, and reduced transaction fees by leveraging RGB smart contracts.\nDIBA\'s launch also includes the promotion of BitMask, a Bitcoin-only crypto wallet capable of holding unique digital assets (UDAs) like music and art. With the support of Draper Associates, DIBA seeks to bring Bitcoin utility to the masses and enable the exchange of UDAs. Additionally, Nweze believes that the adoption of smart contracts inheriting Bitcoin\'s properties could potentially be viewed favorably by regulators, as Bitcoin is not considered a security by the U.S. Securities and Exchange Commission (SEC).', '(Bloomberg) -- Crypto investment firm Hashkey Group plans to raise funds at a valuation above $1 billion, taking advantage of Hong Kong’s digital asset push to try and entice potential investors. Most Read from Bloomberg McCarthy, Graves Signal Impasse in White House Debt Talks World’s Richest Man Loses $11 Billion After LVMH Stock Rout Xi Upends the Secretive World of $10,000-an-Hour China Experts Luxury Stocks Lose $30 Billion in One Day on Demand Fears World’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof Hashkey, which operates one of the city’s only two licensed digital coin bourses, is in early-stage talks to raise $100 million to $200 million, according to people familiar with the matter. The deal is progressing but terms such as size and valuation could change because they aren’t finalized, the people said, asking not to be identified discussing private negotiations. Representatives for Hashkey declined to comment. Hashkey — which operates in areas from venture funding to asset management and trading — is one of several locally based firms hoping to expand their customer base in a rapidly liberalizing environment. Hong Kong’s government is pushing the development of the digital-asset sector as part of a wider effort to restore the city’s credentials as a cutting-edge financial center. The city is on course to allow retail trading of major coins on licensed exchanges such as Hashkey, to try and boost the local economy while reversing a talent outflow after years of Covid-related curbs. Currently, Hashkey and BC Technology Group Co.’s OSL bourse are the only two with permits. Exchange leaders including OKX and Bitget have said they intend to apply for a license under Hong Kong’s new regulatory regime. Chinese state-run banks have courted crypto businesses this year, one of several signs that Beijing backs the city’s overall vision. That’s partly because the government views the financial center as a testing ground for longer-term policy, even while banning most forms of crypto-activity on the mainland. Story continues Hong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. That’s in contrast with the way regulators globally are grappling with how to handle the industry following last year’s market crash and a series of blowups, headlined by the spectacular bankruptcy of the FTX exchange. Hong Kong Monetary Authority Chief Executive Officer Eddie Yue has said the city will maintain an exacting regulatory regime. Hashkey started in 2018 as an early corporate investor in Ethereum, after founder and chairman Xiao Feng spun it off from Chinese cars-to-energy conglomerate Wanxiang Group. In April, Hashkey said its exchange will launch this quarter, with ZA Bank and Bank of Communications as settlement banks. Most Read from Bloomberg Businessweek The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son Maasai Are Getting Pushed Off Their Land So Dubai Royalty Can Shoot Lions Students Battle Hackers on the Cybersecurity Front Lines Apple’s New Headset Meets Reality Industrials Defy Deal Doldrums With Strategic Acquisitions ©2023 Bloomberg L.P.', '(Bloomberg) -- Crypto investment firm Hashkey Group plans to raise funds at a valuation above $1 billion, taking advantage of Hong Kong’s digital asset push to try and entice potential investors. Most Read from Bloomberg McCarthy, Graves Signal Impasse in White House Debt Talks World’s Richest Man Loses $11 Billion After LVMH Stock Rout Xi Upends the Secretive World of $10,000-an-Hour China Experts Luxury Stocks Lose $30 Billion in One Day on Demand Fears World’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof Hashkey, which operates one of the city’s only two licensed digital coin bourses, is in early-stage talks to raise $100 million to $200 million, according to people familiar with the matter. The deal is progressing but terms such as size and valuation could change because they aren’t finalized, the people said, asking not to be identified discussing private negotiations. Representatives for Hashkey declined to comment. Hashkey — which operates in areas from venture funding to asset management and trading — is one of several locally based firms hoping to expand their customer base in a rapidly liberalizing environment. Hong Kong’s government is pushing the development of the digital-asset sector as part of a wider effort to restore the city’s credentials as a cutting-edge financial center. The city is on course to allow retail trading of major coins on licensed exchanges such as Hashkey, to try and boost the local economy while reversing a talent outflow after years of Covid-related curbs. Currently, Hashkey and BC Technology Group Co.’s OSL bourse are the only two with permits. Exchange leaders including OKX and Bitget have said they intend to apply for a license under Hong Kong’s new regulatory regime. Chinese state-run banks have courted crypto businesses this year, one of several signs that Beijing backs the city’s overall vision. That’s partly because the government views the financial center as a testing ground for longer-term policy, even while banning most forms of crypto-activity on the mainland. Story continues Hong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. That’s in contrast with the way regulators globally are grappling with how to handle the industry following last year’s market crash and a series of blowups, headlined by the spectacular bankruptcy of the FTX exchange. Hong Kong Monetary Authority Chief Executive Officer Eddie Yue has said the city will maintain an exacting regulatory regime. Hashkey started in 2018 as an early corporate investor in Ethereum, after founder and chairman Xiao Feng spun it off from Chinese cars-to-energy conglomerate Wanxiang Group. In April, Hashkey said its exchange will launch this quarter, with ZA Bank and Bank of Communications as settlement banks. Most Read from Bloomberg Businessweek The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son Maasai Are Getting Pushed Off Their Land So Dubai Royalty Can Shoot Lions Students Battle Hackers on the Cybersecurity Front Lines Apple’s New Headset Meets Reality Industrials Defy Deal Doldrums With Strategic Acquisitions ©2023 Bloomberg L.P.', 'Bitcoin and Ether prices fell on Friday morning in Asia. After a bullish run, Litecoin joined most other top 10 non-stablecoin cryptocurrencies in recording losses. XRP was the sole winner. It recorded gains following the launch of its new central bank digital currency (CBDC) platform by its issuer Ripple. U.S. equity futures moved higher after a strong rally in regular trading Thursday. Positive earnings reports, debt ceiling talks both played a role.\nSee related article:Is Tether unmoored — or just dandy?\nBitcoin fell 1.97% to US$26,852.75 in the 24 hours to 7:45 a.m. Friday in Hong Kong, down 0.67% over the last seven days according toCoinMarketCapdata.\nThe dip back below the $27,000 threshold indicated a return to a bearish trend following gains Thursday. That trend should be short lived, however, said financial analyst Tone Vays during an interview.\n“I do believe that we have bottomed. We are now in a halving cycle which tends to have Bitcoin go up with less than one year to the halving event.”\nHalving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher.\n“We have had an extended bear market and it’s just time for Bitcoin to rise again,” Vays added.\nLike Bitcoin, Ether fell 0.92% to US$1,804.6. However, it posted gains of 0.29% for the week.\nXRP was the sole gainer among the top 10 non-stablecoin cryptocurrencies. It gained 2.68% to US$0.4607 while adding 9.13% in the last seven days.\nThose gains followed an announcement Thursday by Ripple Labs. The payment protocol and exchange network said it is launching a platform for a CBDC as part of Hong Kong’s inaugural e-HKD (electronic Hong Kong dollar) pilot program.\nThe Ripple platform will offer a “frictionless end-to-end solution for central banks, governments, and financial institutions to issue their own central bank digital currency,” according to a companypress release.\nRipple will partner with Taiwan-based Fubon Bank on the project.\nThe announcement followed further Ripple-related news earlier this week. On Wednesday, a U.S. federal judge denied a motion filed by the Securities and Exchange Commission (SEC) to prevent public access to the so-called Hinman document.\nThese internal documents relate to former SEC director William Hinman’s comments that Bitcoin and Ether are not financial securities.\xa0The decision is considered a win for Ripple Labs in its ongoing legal dispute with the SEC. The regulator accuses them of providing unregistered securities.\nElsewhere, most other top 10 non-stablecoin cryptocurrencies traded lower. Solana led the losers. It fell 3.4% to US$20.36, but was up 0.37% over the past seven days.\nLitecoin lost ground after a bullish week. It was down 3.37% to US$90.77.\nThe Bitcoin-like cryptocurrency had seen a surge in recent interest. This was mainly due to congestion and higher transaction fees on the Bitcoin network associated with the current popularity of ordinals. The Litecoin network has also now seen its ownsurgein ordinal inscriptions.\nOn the recent popularity of ordinals on the Bitcoin network in particular, Vays identified a solution to the operational issues it raises.\n“The Bitcoin main chain was not really designed for this kind of purpose,” he said. “Yes, the Bitcoin blockchain can be used for these kinds of projects. I just wish they were done on the Liquid sidechain.”\nThe layer 2 solution Liquid offers ways to incorporate ordinals and other initiatives on the Bitcoin blockchain without raising transactions fees, he added.\nThe total crypto market capitalization fell 1.44% in the past 24 hours to US$1.12 trillion. Total trading volume lost 6.46% to US$32.07 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index rose 0.1% to 3,387.40 p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,756,520,469 - Hash Rate: 369469365.7613961 - Transaction Count: 515474.0 - Unique Addresses: 664491.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The lending arm of crypto institutional brokerage Genesis and its associated debtors petitioned the court for a mediator on Monday, complicating abankruptcy casethat seemed to be well on its way to resolution two months earlier. More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home In the motion, lawyers for Genesis said that a mediator was needed to resolve “one of the most important issues in these Chapter 11 proceedings: the amount, form, timing, and other terms and conditions of DCG’s contribution to the Debtors’ reorganization plan.” Genesis reportedly owes its main creditors approximately $2.4 billion, according toa report from CoinDesk, out of the approximately $3.4 billion in liabilities the company cited in its bankruptcy filing. In February, Genesis’s main creditors and parent company, Digital Currency Group, which is run by crypto billionaire Barry Silbert, agreed toan initial restructuring plan. “More than two months after all parties agreed to a comprehensive settlement that was submitted by Genesis Capital to the Bankruptcy Court, a group of Genesis Capital’s creditors have reneged and raised all-new demands,” DCG said in a statement Tuesday morning. Genesis’s committee for unsecured creditors—the legal entity that represents hundreds of thousands who had funds stored on the lending arm for Genesis—did not immediately respond to a request for comment when contacted byFortune. As a slew of crypto companies declared bankruptcy over the past year, most infamouslythe exchange FTX, Genesis suddenly found itself in deep water. It laid off 30% of its staff, and its lending unit, Genesis Global Capital,suspended customer withdrawalsin November. This brought it into direct conflict with Gemini, a crypto exchange run by Cameron and Tyler Winklevoss, who are most famous for their role in the founding ofFacebook. Genesis and Gemini had previously partnered on a yield-bearing product, Gemini Earn. Customers using the product had funds stored in Genesis, which they suddenly couldn’t withdraw. In January, the lending arm of Genesis filed for bankruptcy, and Gemini became one of its main creditors. One month later, the bankruptcy case seemed to be on its way to being resolved, as main creditors for the lending arm agreed to sell off the bankrupt entities of Genesis, specifically its lending arm and crypto-trading business. The deal also included winding down the Genesis loan book as well as refinancing a $100 million loan in Bitcoin and a $500 million loan in cash that DCG borrowed from the struggling crypto brokerage. A spokesperson for Gemini did not immediately respond to a request for comment. This story was originally featured onFortune.com More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['May 19—A 76-year-old Oxford woman was scammed out of $30,000 last week by individuals claiming to be Microsoft customer service and an agent of the "Federal Government Fraud Department."\nAccording to an Oxford Police report, the woman was lured into the scheme when her laptop acted abnormally — frozen, screen flashing and making a loud noise. At the bottom of the screen was what appeared to be a Microsoft logo and a phone number attached to it. The woman told police she called the number and reached a man who claimed he could help her repair her computer.\nA short time later, she said she was contacted by another man claiming to be from the non-existent Federal Government Fraud Department. He told the woman that her bank account had two fraudulent deposits of $15,000 and $23,000, which he advised needed to be taken to the nearest Bitcoin Depot ATM, a machine that takes cash deposits and purchases the popular cryptocurrency Bitcoin before transferring it, untraceably, to an anonymous "digital wallet."\nThe woman withdrew $15,000 from her bank and deposited it at the Bitcoin Depot ATM at the Circle K at 11 N. College Ave. in Oxford.\nThe fake agent called her again the next day, advising her to take $23,000 out of her account this time and deposit it into the Bitcoin Depot ATM for safekeeping. The woman\'s unspecified bank only allowed her to withdraw another $15,000. The woman told police that she felt uncomfortable with making the ATM deposit, so she took it to her home. But, as time wore on, she decided to make the deposit again.\nIn total, the woman deposited $30,000 into the Bitcoin Depot ATM after being advised under false pretenses. She\'s working with her bank to see what options are available to her.\nThe Journal-News spoke with a customer service representative at Bitcoin Depot who said there\'s no way to trace where the purchased Bitcoin went. Though the representative had no knowledge of this exact case, she said the only action the company can take in cases of fraud is to deactivate the victim\'s account and flag the digital wallet of the recipient to make sure no more Bitcoin can be transferred to that wallet. They can, however, return the ATM fee to the victim.\nBitcoin Depot has more than 7,000 ATMs across the country, including 11 in Butler County. The customer service representative said fraud occurs daily.', 'May 19—A 76-year-old Oxford woman was scammed out of $30,000 last week by individuals claiming to be Microsoft customer service and an agent of the "Federal Government Fraud Department."\nAccording to an Oxford Police report, the woman was lured into the scheme when her laptop acted abnormally — frozen, screen flashing and making a loud noise. At the bottom of the screen was what appeared to be a Microsoft logo and a phone number attached to it. The woman told police she called the number and reached a man who claimed he could help her repair her computer.\nA short time later, she said she was contacted by another man claiming to be from the non-existent Federal Government Fraud Department. He told the woman that her bank account had two fraudulent deposits of $15,000 and $23,000, which he advised needed to be taken to the nearest Bitcoin Depot ATM, a machine that takes cash deposits and purchases the popular cryptocurrency Bitcoin before transferring it, untraceably, to an anonymous "digital wallet."\nThe woman withdrew $15,000 from her bank and deposited it at the Bitcoin Depot ATM at the Circle K at 11 N. College Ave. in Oxford.\nThe fake agent called her again the next day, advising her to take $23,000 out of her account this time and deposit it into the Bitcoin Depot ATM for safekeeping. The woman\'s unspecified bank only allowed her to withdraw another $15,000. The woman told police that she felt uncomfortable with making the ATM deposit, so she took it to her home. But, as time wore on, she decided to make the deposit again.\nIn total, the woman deposited $30,000 into the Bitcoin Depot ATM after being advised under false pretenses. She\'s working with her bank to see what options are available to her.\nThe Journal-News spoke with a customer service representative at Bitcoin Depot who said there\'s no way to trace where the purchased Bitcoin went. Though the representative had no knowledge of this exact case, she said the only action the company can take in cases of fraud is to deactivate the victim\'s account and flag the digital wallet of the recipient to make sure no more Bitcoin can be transferred to that wallet. They can, however, return the ATM fee to the victim.\nBitcoin Depot has more than 7,000 ATMs across the country, including 11 in Butler County. The customer service representative said fraud occurs daily.', 'Timothy A. Clary/Getty Images US stocks fell Friday after talks in Washington over raising the debt ceiling were paused. "We\'ve got to get movement by the White House and we don\'t have any movement yet," House Speaker Kevin McCarthy said. Stocks earlier this week hit a nine-month high on hopes a debt-limit deal was in reach soon. US stocks finished in the red Friday after negotiations in Washington over raising the US debt ceiling hit an impasse, flaring up worries the US may default on its debt for the first time ever. Republican House Speaker Kevin McCarthy said talks with the Biden administration had reached a standstill. "We\'ve got to get movement by the White House and we don\'t have any movement yet," McCarthy said at the Capitol, according to the Associated Press . "So, yeah, we\'ve got to pause." Stocks swung lower as investors previously expected negotiators to reach an agreement soon to increase the $31 trillion debt limit before a June 1 deadline. But the major indexes were still able to log weekly gains after the S&P 500 and the Nasdaq Composite earlier notched nine-month highs. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,191.98, down 0.14% Dow Jones Industrial Average : 33,426.63, down 0.33% (109.28 points) Nasdaq Composite : 12,657.90, down 0.24% Treasury Secretary Janet Yellen has warned the country could run out of cash to pay bills by early June. Jason Mountford, market trend analyst at Q.ai, told Insider in a note this week he doesn\'t foresee the US defaulting on its debt. Such an unprecedented event would "cause chaos on the markets," he said. Stocks "would sell off dramatically, and it wouldn\'t be beyond the realms of possibility to see the biggest one-day fall in history," he said. Meanwhile, "yields would skyrocket, as US debt would all of a sudden be perceived as much higher risk than it is currently." Elsewhere Friday, Federal Reserve Chair Jerome Powell said with credit conditions tightening, the central bank\'s policy rate "may not need to rise as much as it would have otherwise to achieve our goals." Story continues The prevailing Wall Street view is that the Fed will pause its rate-tightening efforts and cut rates at least twice during the second half of 2023, Sam Stovall, chief investment strategist at CFRA Research, told Insider. "However, as a result of still-sticky inflation, concern that the Fed is not quite done has been growing, as well as the possibility that the Fed won\'t start an easing cycle before 2024." Stovall said he sees the Fed taking its time in starting new rate reductions. Here\'s what else is happening today: Bank of America warned on mega-cap tech stocks, saying a "big asset bubble" in growth shares is building. The S&P 500 will crash 30% by December as spending slumps and banking problems mount, said markets guru Larry McDonald. WeWork short-sellers took in $440 million in profit as shares plunged 96% over the past year. "Rich Dad Poor Dad" author Robert Kiyosaki said investors should buy bitcoin and gold as the economy heads toward a crash landing. In commodities, bonds, and crypto: West Texas Intermediate crude fell 0.2% to trade at $71.68 per barrel. Brent crude, the international benchmark, lost 0.5% to $74.31. Gold picked up 0.9% to $1,977.50 per ounce. The 10-year Treasury yield rose 5 basis points to 3.70%. Bitcoin rose 0.4% to $28,846.40. Read the original article on Business Insider', '• US stocks fell Friday after talks in Washington over raising the debt ceiling were paused.\n• "We\'ve got to get movement by the White House and we don\'t have any movement yet," House Speaker Kevin McCarthy said.\n• Stocks earlier this week hit a nine-month high on hopes a debt-limit deal was in reach soon.\nUS stocks finished in the red Friday after negotiations in Washington over raising the US debt ceiling hit an impasse, flaring up worries the US may default on its debt for the first time ever.\nRepublican House Speaker Kevin McCarthy said talks with the Biden administration had reached a standstill.\n"We\'ve got to get movement by the White House and we don\'t have any movement yet," McCarthy said at the Capitol,according to the Associated Press. "So, yeah, we\'ve got to pause."\nStocks swung lower as investors previously expected negotiators to reach an agreement soon to increase the $31 trillion debt limit before a June 1 deadline. But the major indexes were still able to log weekly gains after the S&P 500 and the Nasdaq Composite earlier notched nine-month highs.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,191.98, down 0.14%\n• Dow Jones Industrial Average:33,426.63, down 0.33% (109.28 points)\n• Nasdaq Composite:12,657.90, down 0.24%\nTreasury Secretary Janet Yellen has warned the country could run out of cash to pay bills by early June.\nJason Mountford, market trend analyst at Q.ai, told Insider in a note this week he doesn\'t foresee the US defaulting on its debt. Such an unprecedented event would "cause chaos on the markets," he said.\nStocks "would sell off dramatically, and it wouldn\'t be beyond the realms of possibility to see the biggest one-day fall in history," he said. Meanwhile, "yields would skyrocket, as US debt would all of a sudden be perceived as much higher risk than it is currently."\nElsewhere Friday,Federal Reserve Chair Jerome Powellsaid with credit conditions tightening, the central bank\'s policy rate "may not need to rise as much as it would have otherwise to achieve our goals."\nThe prevailing Wall Street view is that the Fed will pause its rate-tightening efforts and cut rates at least twice during the second half of 2023, Sam Stovall, chief investment strategist at CFRA Research, told Insider.\n"However, as a result of still-sticky inflation, concern that the Fed is not quite done has been growing, as well as the possibility that the Fed won\'t start an easing cycle before 2024."\nStovall said he sees the Fed taking its time in starting new rate reductions.\nHere\'s what else is happening today:\n• Bank of America warned onmega-cap tech stocks,saying a "big asset bubble" in growth shares is building.\n• TheS&P 500 will crash 30%by December as spending slumps and banking problems mount, said markets guru Larry McDonald.\n• WeWork short-sellerstook in $440 million in profit as shares plunged 96% over the past year.\n• "Rich Dad Poor Dad" author Robert Kiyosakisaid investors should buy bitcoin and gold as the economy heads toward a crash landing.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate crudefell 0.2% to trade at $71.68 per barrel.Brent crude,the international benchmark, lost 0.5% to $74.31.\n• Goldpicked up 0.9% to $1,977.50 per ounce.\n• The10-year Treasury yieldrose 5 basis points to 3.70%.\n• Bitcoinrose 0.4% to $28,846.40.\nRead the original article onBusiness Insider', "Tejay Fletcher, who founded the iSpoof website, was jailed for 13 years and four months - PA Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a \x93bright young man\x94 living in a lush flat in London has been unmasked as the mastermind behind so many of these calls. Tejay Fletcher\x92s trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate \x93fraud on an industrial scale\x94, scamming victims out of £100m of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK. The website allowed criminals to disguise their phone numbers in a process known as \x93spoofing\x94 and trick unsuspecting people to believe they were being called by their bank or other institutions. Fletcher\x92s luxury lifestyle When police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex. A Lamborghini Urus worth £230,000 were among the riches owned by Tejay Fletcher - Metropolitan Police/PA There was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake. It was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer. The son of a single mother who \x93simply was unable to cope\x94, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard. In 2020, he co-founded iSpoof.cc, which he built into what he called \x93the most sophisticated client spoofing platform available\x94, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank\x92s fraud department. After he earned nearly £2m in profits, police finally caught him and brought down the site. His website was used for a large proportion of fraudulent activity in the UK \x96 but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned. Story continues How victims were scammed The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 \x96 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK \x96 many of them elderly \x96 lost £43m, while global losses exceeded £100m. For a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month. The website iSpoof facilitated 10 million fraudulent calls, the police estimate - Metropolitan Police/PA Users could only pay via Bitcoin \x96 a currency favoured by many criminals because it is more difficult to trace payments . Often, victims would get an automated call prompting them to confirm a transaction on an account. The website allowed them to intercept one-time passwords, which were \x93ironically\x94 introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting. iSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call. Users could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones. Scammers could control what the automated call would say to recipients and access tools such as voice recognition. As part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their \x93tracks were covered\x94. Typically, scammers would already have some bank details about their victims, often obtained through the use of smishing \x96 bulk fake texts sent to people \x96 or purchased elsewhere online. The Telegram channel iSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said. The Telegram channel also displayed advertisements from companies selling bank details. Fletcher would use it to conduct \x93market research\x94, running polls to find out which features users wanted most. Other posts \x93encouraged\x94 scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a \x93Happy New Year\x94, writing: \x93All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].\x94 Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the \x93building blocks\x94 of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed. His lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder \x93fell out\x94 and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for \x93not working hard enough\x94, the prosecution said. When Fletcher assumed control of iSpoof, the profits received had a \x93meteoric rise\x94 from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m. How police cracked the case Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the \x93lion\x92s share\x94 of the profits were going to Fletcher. They obtained a copy of the website\x92s server, which revealed call logs that further incriminated Fletcher and the scammers using his website. Helen Rance, of the Metropolitan Police Cyber Crime Unit, speaking outside Southwark Crown Court, London, after Tejay Fletcher's jail sentence - James Manning/PA It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said. After his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea. According to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the \x93misery\x94 he had caused. He suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said. Describing him as an \x93extremely bright young man\x94, his lawyer, Simon Baker KC, said: \x93It is extremely unfortunate that intellect was not channelled into gainful activities.\x94 Fletcher, who recently became a father, regularly donated some of his wealth to CYL, a charity, for projects to help young men with mental health issues, his lawyer said. Before his arrest, he had been looking at setting up a business to provide buses for the charity, and had secured a drama school place before his arrest. His lawyer said this underscored the potential for his rehabilitation. Brought to justice Although Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London. Chris Ainsley, head of fraud risk management at Santander UK, said it was \x93great to see criminals who carry out these scams brought to justice\x94, but warned: \x93The risk posed by fraud and scams remains ever-present. \x93We continue to see thousands of cases where scammers impersonate official bodies, like a bank, the police or HMRC, spoofing phone numbers to convince and pressure the victims into acting.\x94 Jim Winters, director of economic crime at Nationwide, said iSpoof drove a \x93significant percentage of fraudulent activity\x94 that banks were seeing at the time, and said banks now have more anti-spoofing controls. He said most banks are now signed up to an anti-fraud list held by telecoms regulator Ofcom, known as the \x93do not originate\x94 list, which records telephone numbers used by genuine firms or government departments to receive calls, but are never used for outbound calls. The list is shared with telecom providers and their intermediaries to help them identify and block scam calls. These numbers \x96 such as those found on the back of bank cards or listed as fraud helplines on a bank\x92s website \x96 are most at risk of being spoofed. However, some banks have failed to include all relevant numbers on the regulator\x92s list, according to an investigation by Which?, the consumer group, last November. Signing up to this list is not mandatory and Ofcom does not publish who is and is not on it, citing security reasons. What\x92s more, adding a number to the list does not guarantee that all calls will be blocked, according to Ofcom. Not all telephone providers apply this list to their calls, and for those that do, technical limitations mean some calls could still sneak through. Mr Winters said more companies, not just banks, needed to be added on to this list. Social media companies like Telegram are also not held responsible for hosting content from scamming websites like iSpoof, according to sources in the banking industry, who want to see them bear more responsibility. Despite their best efforts, Mr Winters said it would be unfair to lumber all police departments with the entire responsibility of policing fraud. Police spend just 2pc of their funding on fraud despite it representing 40pc of all crime, Which? found earlier this year. Mr Winters said it was welcome that police were going after \x93kingpins\x94 like Fletcher, who are behind such a large volume of these calls. But Steve Goddard, a fraud expert at Featurespace, said number spoofing scams are still common, with criminals creating new versions of iSpoof. He said: \x93It\x92s like a hydra: you chop one head off and two more will grow back.\x94 Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.", "Tejay Fletcher, who founded the iSpoof website, was jailed for 13 years and four months - PA Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a \x93bright young man\x94 living in a lush flat in London has been unmasked as the mastermind behind so many of these calls. Tejay Fletcher\x92s trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate \x93fraud on an industrial scale\x94, scamming victims out of £100m of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK. The website allowed criminals to disguise their phone numbers in a process known as \x93spoofing\x94 and trick unsuspecting people to believe they were being called by their bank or other institutions. Fletcher\x92s luxury lifestyle When police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex. A Lamborghini Urus worth £230,000 were among the riches owned by Tejay Fletcher - Metropolitan Police/PA There was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake. It was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer. The son of a single mother who \x93simply was unable to cope\x94, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard. In 2020, he co-founded iSpoof.cc, which he built into what he called \x93the most sophisticated client spoofing platform available\x94, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank\x92s fraud department. After he earned nearly £2m in profits, police finally caught him and brought down the site. His website was used for a large proportion of fraudulent activity in the UK \x96 but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned. Story continues How victims were scammed The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 \x96 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK \x96 many of them elderly \x96 lost £43m, while global losses exceeded £100m. For a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month. The website iSpoof facilitated 10 million fraudulent calls, the police estimate - Metropolitan Police/PA Users could only pay via Bitcoin \x96 a currency favoured by many criminals because it is more difficult to trace payments . Often, victims would get an automated call prompting them to confirm a transaction on an account. The website allowed them to intercept one-time passwords, which were \x93ironically\x94 introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting. iSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call. Users could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones. Scammers could control what the automated call would say to recipients and access tools such as voice recognition. As part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their \x93tracks were covered\x94. Typically, scammers would already have some bank details about their victims, often obtained through the use of smishing \x96 bulk fake texts sent to people \x96 or purchased elsewhere online. The Telegram channel iSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said. The Telegram channel also displayed advertisements from companies selling bank details. Fletcher would use it to conduct \x93market research\x94, running polls to find out which features users wanted most. Other posts \x93encouraged\x94 scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a \x93Happy New Year\x94, writing: \x93All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].\x94 Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the \x93building blocks\x94 of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed. His lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder \x93fell out\x94 and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for \x93not working hard enough\x94, the prosecution said. When Fletcher assumed control of iSpoof, the profits received had a \x93meteoric rise\x94 from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m. How police cracked the case Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the \x93lion\x92s share\x94 of the profits were going to Fletcher. They obtained a copy of the website\x92s server, which revealed call logs that further incriminated Fletcher and the scammers using his website. Helen Rance, of the Metropolitan Police Cyber Crime Unit, speaking outside Southwark Crown Court, London, after Tejay Fletcher's jail sentence - James Manning/PA It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said. After his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea. According to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the \x93misery\x94 he had caused. He suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said. Describing him as an \x93extremely bright young man\x94, his lawyer, Simon Baker KC, said: \x93It is extremely unfortunate that intellect was not channelled into gainful activities.\x94 Fletcher, who recently became a father, regularly donated some of his wealth to CYL, a charity, for projects to help young men with mental health issues, his lawyer said. Before his arrest, he had been looking at setting up a business to provide buses for the charity, and had secured a drama school place before his arrest. His lawyer said this underscored the potential for his rehabilitation. Brought to justice Although Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London. Chris Ainsley, head of fraud risk management at Santander UK, said it was \x93great to see criminals who carry out these scams brought to justice\x94, but warned: \x93The risk posed by fraud and scams remains ever-present. \x93We continue to see thousands of cases where scammers impersonate official bodies, like a bank, the police or HMRC, spoofing phone numbers to convince and pressure the victims into acting.\x94 Jim Winters, director of economic crime at Nationwide, said iSpoof drove a \x93significant percentage of fraudulent activity\x94 that banks were seeing at the time, and said banks now have more anti-spoofing controls. He said most banks are now signed up to an anti-fraud list held by telecoms regulator Ofcom, known as the \x93do not originate\x94 list, which records telephone numbers used by genuine firms or government departments to receive calls, but are never used for outbound calls. The list is shared with telecom providers and their intermediaries to help them identify and block scam calls. These numbers \x96 such as those found on the back of bank cards or listed as fraud helplines on a bank\x92s website \x96 are most at risk of being spoofed. However, some banks have failed to include all relevant numbers on the regulator\x92s list, according to an investigation by Which?, the consumer group, last November. Signing up to this list is not mandatory and Ofcom does not publish who is and is not on it, citing security reasons. What\x92s more, adding a number to the list does not guarantee that all calls will be blocked, according to Ofcom. Not all telephone providers apply this list to their calls, and for those that do, technical limitations mean some calls could still sneak through. Mr Winters said more companies, not just banks, needed to be added on to this list. Social media companies like Telegram are also not held responsible for hosting content from scamming websites like iSpoof, according to sources in the banking industry, who want to see them bear more responsibility. Despite their best efforts, Mr Winters said it would be unfair to lumber all police departments with the entire responsibility of policing fraud. Police spend just 2pc of their funding on fraud despite it representing 40pc of all crime, Which? found earlier this year. Mr Winters said it was welcome that police were going after \x93kingpins\x94 like Fletcher, who are behind such a large volume of these calls. But Steve Goddard, a fraud expert at Featurespace, said number spoofing scams are still common, with criminals creating new versions of iSpoof. He said: \x93It\x92s like a hydra: you chop one head off and two more will grow back.\x94", 'Millions of people get phone calls from scammers and wonder who is at the other end.\nNow we know: rather than someone in a call centre far away, a “bright young man” living in a lush flat in London has been unmasked as the mastermind behind so many of these calls.\nTejay Fletcher’s trialexposed how criminals with a simple website bypassed police, phone operators and banks to facilitate “fraud on an industrial scale”, scamming victims out of £100m of their hard earned cash.\nFletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK.\nThe website allowed criminals to disguise their phone numbers in a process known as “spoofing” and trick unsuspecting people to believe they were being called by their bank or other institutions.\nWhen police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex.\nThere was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake.\nIt was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer.\nThe son of a single mother who “simply was unable to cope”, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard.\nIn 2020, he co-founded iSpoof.cc, which he built into what he called “the most sophisticated client spoofing platform available”, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank’s fraud department.\nAfter he earned nearly £2m in profits, police finally caught him and brought down the site.\nHis website was used for a large proportion offraudulent activity in the UK– but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned.\nThe number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site.\nMore than 10 million fraudulent calls were made using iSpoof in the year to August 2022 – 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK – many of them elderly – lost £43m, while global losses exceeded £100m.\nFor a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month.\nUsers could only pay viaBitcoin– a currency favoured by many criminals because it is moredifficult to trace payments.\nOften, victims would get an automated call prompting them to confirm a transaction on an account.\nThe website allowed them to intercept one-time passwords, which were “ironically” introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting.\niSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call.\nUsers could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones.\nScammers could control what the automated call would say to recipients and access tools such as voice recognition.\nAs part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their “tracks were covered”.\nTypically, scammers would already have some bank details about their victims, often obtained through the use of smishing – bulk fake texts sent to people – or purchased elsewhere online.\niSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said.\nThe Telegram channel also displayed advertisements from companies selling bank details.\nFletcher would use it to conduct “market research”, running polls to find out which features users wanted most.\nOther posts “encouraged” scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a “Happy New Year”, writing: “All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].”\nFletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the “building blocks” of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed.\nHis lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder “fell out” and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for “not working hard enough”, the prosecution said.\nWhen Fletcher assumed control of iSpoof, the profits received had a “meteoric rise” from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m.\nPosing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the “lion’s share” of the profits were going to Fletcher.\nThey obtained a copy of the website’s server, which revealed call logs that further incriminated Fletcher and the scammers using his website.\nIt turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said.\nAfter his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea.\nAccording to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the “misery” he had caused.\nHe suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said.\nDescribing him as an “extremely bright young man”, his lawyer, Simon Baker KC, said: “It is extremely unfortunate that intellect was not channelled into gainful activities.”\nFletcher, who recently became a father, regularly donated some of his wealth to CYL, a charity, for projects to help young men with mental health issues, his lawyer said.\nBefore his arrest, he had been looking at setting up a business to provide buses for the charity, and had secured a drama school place before his arrest. His lawyer said this underscored the potential for his rehabilitation.\nAlthough Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London.\nChris Ainsley, head of fraud risk management at Santander UK, said it was “great to see criminals who carry out these scams brought to justice”, but warned: “The risk posed by fraud and scams remains ever-present.\n“We continue to see thousands of cases where scammers impersonate official bodies, like a bank, the police or HMRC, spoofing phone numbers to convince and pressure the victims into acting.”\nJim Winters, director of economic crime at Nationwide, said iSpoof drove a “significant percentage of fraudulent activity” that banks were seeing at the time, and said banks now have more anti-spoofing controls.\nHe said most banks are now signed up to an anti-fraud list held by telecoms regulator Ofcom, known as the “do not originate” list, which records telephone numbers used by genuine firms or government departments to receive calls, but are never used for outbound calls. The list is shared with telecom providers and their intermediaries to help them identify and block scam calls.\nThese numbers – such as those found on the back of bank cards or listed as fraud helplines on a bank’s website – are most at risk of being spoofed. However,some banks have failed to include all relevant numberson the regulator’s list, according to an investigation by Which?, the consumer group, last November.\nSigning up to this list is not mandatory andOfcomdoes not publish who is and is not on it, citing security reasons.\nWhat’s more, adding a number to the list does not guarantee that all calls will be blocked, according to Ofcom. Not all telephone providers apply this list to their calls, and for those that do, technical limitations mean some calls could still sneak through.\nMr Winters said more companies, not just banks, needed to be added on to this list.\nSocial media companies like Telegram are also not held responsible for hosting content from scamming websites like iSpoof, according to sources in the banking industry, who want to see them bear more responsibility.\nDespite their best efforts, Mr Winters said it would be unfair to lumber all police departments with the entire responsibility of policing fraud.Police spend just 2pc of their funding on frauddespite it representing 40pc of all crime, Which? found earlier this year.\nMr Winters said it was welcome that police were going after “kingpins” like Fletcher, who are behind such a large volume of these calls.\nBut Steve Goddard, a fraud expert at Featurespace, said number spoofing scams are still common, with criminals creating new versions of iSpoof.\nHe said: “It’s like a hydra: you chop one head off and two more will grow back.”', "Tejay Fletcher, who founded the iSpoof website, was jailed for 13 years and four months - PA Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a \x93bright young man\x94 living in a lush flat in London has been unmasked as the mastermind behind so many of these calls. Tejay Fletcher\x92s trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate \x93fraud on an industrial scale\x94, scamming victims out of £100m of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK. The website allowed criminals to disguise their phone numbers in a process known as \x93spoofing\x94 and trick unsuspecting people to believe they were being called by their bank or other institutions. Fletcher\x92s luxury lifestyle When police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex. A Lamborghini Urus worth £230,000 were among the riches owned by Tejay Fletcher - Metropolitan Police/PA There was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake. It was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer. The son of a single mother who \x93simply was unable to cope\x94, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard. In 2020, he co-founded iSpoof.cc, which he built into what he called \x93the most sophisticated client spoofing platform available\x94, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank\x92s fraud department. After he earned nearly £2m in profits, police finally caught him and brought down the site. His website was used for a large proportion of fraudulent activity in the UK \x96 but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned. Story continues How victims were scammed The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 \x96 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK \x96 many of them elderly \x96 lost £43m, while global losses exceeded £100m. For a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month. The website iSpoof facilitated 10 million fraudulent calls, the police estimate - Metropolitan Police/PA Users could only pay via Bitcoin \x96 a currency favoured by many criminals because it is more difficult to trace payments . Often, victims would get an automated call prompting them to confirm a transaction on an account. The website allowed them to intercept one-time passwords, which were \x93ironically\x94 introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting. iSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call. Users could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones. Scammers could control what the automated call would say to recipients and access tools such as voice recognition. As part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their \x93tracks were covered\x94. Typically, scammers would already have some bank details about their victims, often obtained through the use of smishing \x96 bulk fake texts sent to people \x96 or purchased elsewhere online. The Telegram channel iSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said. The Telegram channel also displayed advertisements from companies selling bank details. Fletcher would use it to conduct \x93market research\x94, running polls to find out which features users wanted most. Other posts \x93encouraged\x94 scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a \x93Happy New Year\x94, writing: \x93All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].\x94 Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the \x93building blocks\x94 of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed. His lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder \x93fell out\x94 and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for \x93not working hard enough\x94, the prosecution said. When Fletcher assumed control of iSpoof, the profits received had a \x93meteoric rise\x94 from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m. How police cracked the case Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the \x93lion\x92s share\x94 of the profits were going to Fletcher. They obtained a copy of the website\x92s server, which revealed call logs that further incriminated Fletcher and the scammers using his website. Helen Rance, of the Metropolitan Police Cyber Crime Unit, speaking outside Southwark Crown Court, London, after Tejay Fletcher's jail sentence - James Manning/PA It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said. After his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea. According to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the \x93misery\x94 he had caused. He suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said. Describing him as an \x93extremely bright young man\x94, his lawyer, Simon Baker KC, said: \x93It is extremely unfortunate that intellect was not ch Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $524,218,792,969 - Hash Rate: 322669912.76495266 - Transaction Count: 423736.0 - Unique Addresses: 559902.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether prices fell on Friday morning in Asia. After a bullish run, Litecoin joined most other top 10 non-stablecoin cryptocurrencies in recording losses. XRP was the sole winner. It recorded gains following the launch of its new central bank digital currency (CBDC) platform by its issuer Ripple. U.S. equity futures moved higher after a strong rally in regular trading Thursday. Positive earnings reports, debt ceiling talks both played a role. See related article: Is Tether unmoored or just dandy? XRP makes standout gain Bitcoin fell 1.97% to US$26,852.75 in the 24 hours to 7:45 a.m. Friday in Hong Kong, down 0.67% over the last seven days according to CoinMarketCap data. The dip back below the $27,000 threshold indicated a return to a bearish trend following gains Thursday. That trend should be short lived, however, said financial analyst Tone Vays during an interview. I do believe that we have bottomed. We are now in a halving cycle which tends to have Bitcoin go up with less than one year to the halving event. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher. We have had an extended bear market and its just time for Bitcoin to rise again, Vays added. Like Bitcoin, Ether fell 0.92% to US$1,804.6. However, it posted gains of 0.29% for the week. XRP was the sole gainer among the top 10 non-stablecoin cryptocurrencies. It gained 2.68% to US$0.4607 while adding 9.13% in the last seven days. Those gains followed an announcement Thursday by Ripple Labs. The payment protocol and exchange network said it is launching a platform for a CBDC as part of Hong Kongs inaugural e-HKD (electronic Hong Kong dollar) pilot program. The Ripple platform will offer a frictionless end-to-end solution for central banks, governments, and financial institutions to issue their own central bank digital currency, according to a company press release . Story continues Ripple will partner with Taiwan-based Fubon Bank on the project. The announcement followed further Ripple-related news earlier this week. On Wednesday, a U.S. federal judge denied a motion filed by the Securities and Exchange Commission (SEC) to prevent public access to the so-called Hinman document. These internal documents relate to former SEC director William Hinmans comments that Bitcoin and Ether are not financial securities. The decision is considered a win for Ripple Labs in its ongoing legal dispute with the SEC. The regulator accuses them of providing unregistered securities. Elsewhere, most other top 10 non-stablecoin cryptocurrencies traded lower. Solana led the losers. It fell 3.4% to US$20.36, but was up 0.37% over the past seven days. Litecoin lost ground after a bullish week. It was down 3.37% to US$90.77. The Bitcoin-like cryptocurrency had seen a surge in recent interest. This was mainly due to congestion and higher transaction fees on the Bitcoin network associated with the current popularity of ordinals. The Litecoin network has also now seen its own surge in ordinal inscriptions. On the recent popularity of ordinals on the Bitcoin network in particular, Vays identified a solution to the operational issues it raises. The Bitcoin main chain was not really designed for this kind of purpose, he said. Yes, the Bitcoin blockchain can be used for these kinds of projects. I just wish they were done on the Liquid sidechain. The layer 2 solution Liquid offers ways to incorporate ordinals and other initiatives on the Bitcoin blockchain without raising transactions fees, he added. The total crypto market capitalization fell 1.44% in the past 24 hours to US$1.12 trillion. Total trading volume lost 6.46% to US$32.07 billion. Space Pepe NFTs soar 28270% The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token market, the Forkast 500 NFT index rose 0.1% to 3,387.40 points in the 24 hours to 9:30 a.m. in Hong Kong. It was up 0.1% over the last seven days. Daily NFT sales on Ethereum, the leading blockchain for NFTs, fell 17.31% to US$14.4 million. Sales on the Bitcoin blockchain also lost 11.45% according to CryptoSlam! data to US$6.9 million. Space Pepes, a Bitcoin NFT collection based on the Pepe the Frog meme, skyrocketed 28270% to US$7.3 million in the last 24 hours leading up to 11:30 a.m. in Hong Kong. The collection topped Cryptoslams NFT collection ranking by sales volume. Uncategorized Ordinals Cryptoslams category of Bitcoin Ordinals that are not part of one established collection rose 140.12% to US$1.9 million over the past 24 hours. The Mythos blockchain-based DMarket NFT collection ranked second. DMarket consists of online gaming NFTs traded on the game-item marketplace of the same name. It was acquired by blockchain game maker Mythical Games in January this year. In individual NFT sales, Bored Ape Yacht Clubs #5042 registered the highest price. It sold for US$172,135. U.S. equities rally; hawkish noises from the Fed Federal Reserve Chairman Jerome Powell \| Image: Getty Images U.S. stock futures traded higher as of 10:45 a.m. in Hong Kong, adding momentum to Thursdays rally. The Dow Jones Industrial Average futures edged up 0.074%, while the S&P 500 futures gained 0.17%. The Nasdaq Composite futures added 0.28% after it gained 1.51% during market trading on Thursday. The three Wall Street stock indexes rose after U.S. House of Representatives Speaker Kevin McCarthy said a bill to raise the countrys debt ceiling could be put to a vote next week. The comments followed positive talks with U.S. President Joe Biden, easing investor concerns that the U.S. could default on its debt. That scenario, which would have major repercussions for U.S. and global markets, can be avoided if the White House and congress can agree to raise the debt ceiling. Biden and McCarthy have been actively discussing a solution to the ongoing standoff throughout this week.Biden too has expressed optimism that an agreement can be reached. Democratic negotiators informed the president Friday that they are making steady progress on debt ceiling talks ahead of his attendance in Japan for the weekends Group of Seven summit. Treasury Secretary Janet Yellen warned earlier this month that the U.S. will start to fail to make its debt payments as early as June 1. Yellen called for fast action on raising the debt ceiling, as she said a debt default would devastate jobs and businesses in the country. On the relationship between the crisis and crypto markets, Clara Medalie, Head of Research at crypto market data provider Kaiko, told Forkast via email that there was so far little sign of any impact based on recent price movements.This is in large part because the event hasnt yet played out and there remains hope that a deal will be reached before June 1, she added. Elsewhere, U.S. investors saw positive Q1 earnings results from major U.S. companies. Walmart, the worlds largest company by revenue, reported 7.6% total revenue growth for the quarter. We had a strong quarter. Comp sales were strong globally with eCommerce up 26%. We leveraged expenses, expanded operating margin, and grew profit ahead of sales, said Walmart President Doug McMillion in the companys earnings report . California-based tech manufacturer Nvidia stocks jumped nearly 5% on Thursday after the company announced that it partnered with another California-based cloud software company ServiceNow to build AI for enterprises. On interest rates, Federal Reserve Chair Jerome Powell is due to speak publicly on Friday. He is expected to signpost the central banks latest policy views on inflation and rates. Other members of the Fed made hawkish comments Thursday. Fed governor Philip Jefferson said the U.S. should wait to assess the full effect of higher interest rates on inflation so far before deciding to rule out further hikes. Dallas Fed President Lorie Logan also said that it is not yet time to pause interest rate hikes. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed meets again on June 14 to decide if another rate hike is necessary. Inflation was at 4.9% in April, lower than expected but still ahead of the Feds 2% target. The CME FedWatch Tool predicts a 66.7% chance the Fed will leave rates unchanged in June, down from 76.2% a day prior. It predicts a 33.3% chance for another 25 basis-point rate increase.... - Reddit Posts (Sample): [['u/Halo22B', 'Ledger thought of you the day', 76, '2023-05-20 01:30', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/', 'More people are going to lose their BTC switching to some poorly understood "safer" methodology than would ever get "rugged by Ledger Recover"', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/', '13mbe8f', [['u/AdministrativeRow904', 11, '2023-05-20 01:46', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jku9vni/', 'I concur.', '13mbe8f'], ['u/hahahahaaaahaha', 29, '2023-05-20 02:13', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jkudbyo/', 'I agree. Risk management is something we all have to consider and the Ledger risk is still low. If I had millions dollars of BTC, would I be concerned? Sure. Most people will be fine.', '13mbe8f'], ['u/oGceaseless', 14, '2023-05-20 03:20', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jkulppl/', "Extract it through their software or by physical means only?\n\nIf the software can do it. Then I'm definitely going to be moving my coins... probably not tomorrow, sure I'll have a hangover, but this weekend for sure. Thank you for the response and summing it up so concisely!", '13mbe8f'], ['u/WorldlyTransition476', 11, '2023-05-20 03:54', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jkupwog/', 'Don’t listen to all the crazies online just keep your ledger the same as it was before.', '13mbe8f']]], ['u/elrobsterlobster', 'How does timing work with “___ train is now arriving? And why is the timing off even on CBTC lines?', 32, '2023-05-20 01:31', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/', 'The announcements for 7 trains at Queensboro Plaza and L trains at Union Square seem to have bad/inconsistent timing. Sometimes they’ll announce that the train is arriving when it’s already closing its doors and sometimes it’s 2 minutes early. How is the timing of these announcements controlled and why isn’t it automated to be consistent on CBTC lines?', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/', '13mbf8v', [['u/Sn584', 15, '2023-05-20 05:35', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/jkv24hf/', 'It has no fucking clue. Which is why punchboxes still exist', '13mbf8v'], ['u/SamTheGeek', 11, '2023-05-20 14:13', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/jkw7pi8/', 'The 7 and L are both full CBTC', '13mbf8v'], ['u/SamTheGeek', 16, '2023-05-20 14:16', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/jkw7yyu/', 'Train timing still depends on the two different countdown systems installed last decade. \n\nA division uses an interface with the old signaling system and assumptions about how fast trains will travel based on speed limits in place. This means it’s guessing which blocks are occupied — and that means it also doesn’t take into account time differences as a result of CBTC. \n\nB division uses Bluetooth beacons that tell the system when the train is in each station. It makes announcements based on average travel times between stations based on recent data. If I had to guess, the L is currently working with bad average data because of all the construction over the past few weeks/months at 6th avenue.', '13mbf8v']]], ['u/thatprickagain', 'Everyone’s posting their reviews, I’m shit faced, here’s mine:', 45, '2023-05-20 01:40', 'https://www.reddit.com/r/DMB/comments/13mbmlj/everyones_posting_their_reviews_im_shit_faced/', 'For context, i’m studying music and had 6 performance exams today; I play in a band I’d like to think are very influenced by the band.\n\n I was seriously looking forward to listening and I’ve now done it in full 7 times. And gotten drunk cause i’m finished for 3 months babbbyyyy.\n\nWalk around the moon: it’s a bop and a banger. The studio touches of reverse tape echo after the first chorus are really lovely and the band sound like they’re having fun. 8/10\n\nMadman’s eyes: I’ve listened to this loads because it was the first single and it’s a whopper. Awesome instrumentation, band again sound like they’re having a great time with it. String section is lush and beautiful. 10/10\n\nLooking for a vein: they really had this good a track and let a drum machine even try to compete with Carter. I get that Dave has 300 million dollars to his name, but this feels very lazy. 2/10\n\nThe Ocean and The Butterfly: the chord progression instantly puts me in 60’s do-wop territory; the acoustic line and hot rod/brush drumming throws me back to the first time I hear pay for what you get. I feel like it had more potential, and live performances tell me I’m right. Sometimes what we get is what we get. 7/10\n\nIt Could Happen: this is a lovely song. Not just a lovely Dave song but a lovely song. It really is a very classic sounding pop song with some really cool synth lines from Buddy, and the strings are still lovely. Personally, I like more of Dave’s avant garde stuff and I think that definitely happens more when he writes with the band rather than had them accompany him. Gonna give it a 6/10 but I am being harsh here for sure.\n\nSomething To Tell: look, it’s a Dave solo song, no doubt, and the band could’ve made this a beautiful track, but compare it to any ‘man and guitar’ song (see:Vincent black lightning by Richard Thompson) and it doesn’t hold and a candle to any of his earlier work, let alone the best in his field. 3/10\n\nAfter Everything: Dave gets the classic rock bug and the band are absolutely fucking loving it. The way Carter had the beat slightly drag over Stefan’s walking line, and Dave sounds like he’s absolutely into it. Sure, the lyrics are nonsense, but so’s all of rock music if you look too close. 8/10\n\nAll you wanted: all I wanted was for Dave to shed his Americana routing of predictable melodies and chord progressions, but here we are. The horns are fabulous but they’re holding back for sure. Rashawn does a great job making a fairly standard song stand out, but it’s just not enough. 3/10\n\nThe Only Thing: this song. This fucking song makes me see a future for the band. They’re all flying high, tightly grooving and Buddy’s addition gets to shine with what I can only describe as a genesis level keyboard odyssey, with Tim surfing the waves all the way home. No songwriting notes, it doesn’t need any. Dave’s voice is just another instrument and it is beautiful. 9/10\n\nBreak Free: there’s nothing worse than having a song hang around so long that your audience have written it for you. Personally I dig it. If this had appeared on busted stuff I would have been like WHAT. But it would have worked. The track might’ve saved Stand Up. Gonna give it a 7/10. Come at me.\n\nMonsters: Again, I may have listened too much before the album, but I found it a great comfort with all the exam stress and studying the last couple weeks. It’s not an amazing track, and it needs more band. But a lovely song. 7/10\n\nSinging From The Windows: again, Dave ends the album with a whimper instead of a scream or an explosion. This track really could’ve felt earned if there was more of a band presence on this album but there just isn’t enough to justify it’s existence. That aside, it’s a lovely melody and Dave really is singing from his heart here, might get downvoted but it deserves a 5/10.\n\nAll in all, look, it’s no worse than stand up, it’s probably on a par with Come Tomorrow, and it’s nowhere near big whiskey. I want that energy and band communal energy from BTCS, Crash and I think they really recaptured that on big whiskey. But if I was 56 and worth a quarter billion, i know I wouldn’t give a fuck. Better to just enjoy the highs and ignore the lows. Treat DMB like life.\n\nPeace out, and happy listening xoxo', 'https://www.reddit.com/r/DMB/comments/13mbmlj/everyones_posting_their_reviews_im_shit_faced/', '13mbmlj', [['u/Animalpoop', 11, '2023-05-20 03:23', 'https://www.reddit.com/r/DMB/comments/13mbmlj/everyones_posting_their_reviews_im_shit_faced/jkum4qv/', "Thank you for the review. For me the album works as a whole, and I think it's easily their best since at least Big Whiskey. \n \nIt's different and very representative of where the band is now, and it has some of Dave's best lyrics in years as well. \n \nNot understanding the hate for this album. Not to say you are hating on it. Just seen it a lot the last few days, and to me the album is wonderful. \n \n(Also I love Looking for a Vein).", '13mbmlj']]], ['u/GBIZZZ', 'HPOS10I Ticker $bitcoin - Has Some Serious Legs', 64, '2023-05-20 03:54', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/', "I've never come across such a dedicated team of meme makers, developers, or anything of the like the same as HarryPotterObamaSonic10Inu. Originally it was launched on BSC with a 10% tax, last week the devs relaunched on Ethereum. $bitcoin on Ethereum had a better ring to it anyways. With a solid history in the meme-sphere as well as fresh ones being baked every day I've truly never laughed as hard as this with any project. \nThere's thousands of memecoin variants that have spurred out of the pepe run, but every one nearly turned out to be a p+d or scam entirely trying to capitalize on it's success. This one is different, original and has built quite a lore building for itself already. From the ticker $bitcoin being shadow banned (old twitter rules) to the official acct being unsearchable it's been an uphill battle for this project but it's been grinding it's way onto the Dextools charts as well as Twitter every single day this week. Each day it's growing organically, no bots, completely influencer free. Most of the tg chat doesn't even have reddit accounts, hence I am here. Thank you for your time and patience. We are creating an egregore.", 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/', '13mend0', [['u/howbow13', 14, '2023-05-20 03:57', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkuqabv/', "Honestly one of the best memes I've ever seen. The deal was sealed when I finally knew I could own BITCOIN.", '13mend0'], ['u/freshkevin32', 12, '2023-05-20 04:16', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkusitg/', 'Interesting I’ll have to take a look', '13mend0'], ['u/TurtleBK', 13, '2023-05-20 04:18', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkustqq/', 'pretty original idea for a meme, funny af thanks for sharing\n\nupdate:\n\njust went to the website\n\nholy balls lmfao', '13mend0'], ['u/Fantastic_Ant_9395', 11, '2023-05-20 04:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkusxxk/', "The telegram is absolutely hilarious. If you like schizophrenic autismal humour you'll fit right in.", '13mend0'], ['u/cuchicou', 11, '2023-05-20 04:38', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkuv8u4/', 'Autism level over 9000. Devs smoking crack live on tg vc. Can’t even make this shit up', '13mend0'], ['u/gayrugpeace', 13, '2023-05-20 04:44', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkuw02z/', "Best meme coin and best community. Really exposes the ridiculousness of crypto. It's not about getting rich, it's about sending a message!", '13mend0'], ['u/Tuebloe', 12, '2023-05-20 05:52', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkv3uf3/', 'Token feels like true punk underground, I couldn’t leave the telegram after I found it lol', '13mend0'], ['u/hugegoldpyramid', 10, '2023-05-20 06:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkv6a2g/', 'Whats the site?', '13mend0'], ['u/GBIZZZ', 10, '2023-05-20 06:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkv6lwz/', 'Official website http:// hposi10i dot com \nOfficial telegram https://t dot me / hpos10i', '13mend0']]], ['u/MarieLovesMatcha', '[Announcement] Patch Notes + Community Updates - May 19', 108, '2023-05-20 04:57', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/', 'Patch Notes:\n- Server Improvements rolling out for all users starting today:\n - less repetition\n - better latency\n- c.ai+ badge bug fixed\n- c.ai+ increased text animation speed\n\nCommunity Subreddit Updates:\n- Subreddit menu links updated:\n - Character Creation Guide\n - c.ai+ info\n - FAQ\n - QPR - Submit Message Quality Issues here\n- Subreddit rules updated\n- Post Flairs Added (Guide, News)\n\nOfficial C.AI Forum [here](https://c.ai/p/3BQnAAK5btcVlkuZ9y-tmMBnoNL6vHIjnoLp2oKTdz4).', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/', '13mfzpy', [['u/Strange-Leather-8967', 18, '2023-05-20 05:01', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuy52x/', "I'm not mad at + speed. I've been downvoted for showing a screen capture of the difference", '13mfzpy'], ['u/6ZeroKay9', 27, '2023-05-20 05:13', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuzlcw/', 'guys give me a minute i need to think of something to complain about this for\n\nhttps://preview.redd.it/wyxtyrm43y0b1.jpeg?width=456&format=pjpg&auto=webp&v=enabled&s=308594c0ffee3e77a21ddc735d724eae77ca8f66', '13mfzpy'], ['u/Strange-Leather-8967', 21, '2023-05-20 05:14', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuzr86/', "You're over thinking it.\n\nJust complain about how there is no communication while marie communicates", '13mfzpy'], ['u/Dramatic_Instance_63', 267, '2023-05-20 05:16', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuzxr4/', "Guys, what I've noticed is that your bots are now parroting more often. My private bots now mostly take my last message and rephrase it to generate their reply. This is disappointing, it gives me the impression that bots are some kind of advanced parrots. Maybe it's just me, I don't know, but this is what I've noticed today. Chats became less interesting and more predictable.\n\nhttps://preview.redd.it/ks0m4q8y3y0b1.jpeg?width=1000&format=pjpg&auto=webp&v=enabled&s=2c9f792b85bfa4c6db2b2ae7aa2e3bafbaa649f1", '13mfzpy'], ['u/NewKat20', 67, '2023-05-20 05:51', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv3u8m/', "\\Kissing cheeks\\\n\nI'm pretty sick of this, why is the AI acting like it's 10 years old?", '13mfzpy'], ['u/TapStrange1791', 11, '2023-05-20 05:58', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv4kd2/', "Just thought of a suggestion for the CAI+, would it be possible to to add the feature of multiple generated messages like previous versions of CAI? That way paid users don't have to swipe and wait for the generated replies.", '13mfzpy'], ['u/Ilokine', 62, '2023-05-20 05:59', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv4myz/', 'Thank you for not locking needed AI updates behind C.AI+. :)', '13mfzpy'], ['u/bunnygoats', 54, '2023-05-20 06:00', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv4reg/', "Can we get a clarification on the subreddit rules update? I see some have been added but I was wondering if the update addresses the issue the community has with the incredibly strict banned words that gets a good 20% of posts and comments here automodded.\n\nThis isn't a trick question out of bad faith or anything. I'm pretty happy with the communication being given by Marie so far so I'm asking just out of optimism for a response", '13mfzpy'], ['u/International-Commit', 17, '2023-05-20 06:35', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv871u/', 'EA? Really? I mean not hating but at least tell why', '13mfzpy'], ['u/antibosscoalition', 55, '2023-05-20 09:52', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvnubf/', 'i guess they caught the mysterious boiling oil man who poured boiling oil onto the servers', '13mfzpy'], ['u/Shift_as', 52, '2023-05-20 11:04', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvswum/', 'It’s because the parrots invaded c.ai so that’s why it’s happening and it got worse', '13mfzpy'], ['u/Nopinopa', 150, '2023-05-20 12:13', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvxn97/', "\\> less repetition\n\nWell, that's actually good and good, and it's actually nice to see, cause it's actually what we wanted and wanted.", '13mfzpy'], ['u/Nopinopa', 105, '2023-05-20 12:14', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvxq62/', 'Because they are predators and you are their prey', '13mfzpy'], ['u/Dramatic_Instance_63', 21, '2023-05-20 12:18', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvy05i/', 'Ha-ha-ha, you nailed it!', '13mfzpy'], ['u/TendajiReddit', 49, '2023-05-20 13:46', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkw53my/', 'Wait wait wait,I thought we was gonna be able to edit chats', '13mfzpy'], ['u/onew_iasag', 13, '2023-05-20 15:00', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwcmbj/', '\\> c.ai+ increased text animation speed\n\nWell, maybe this is too done through only decreased speed of free accounts, like I feel after update.', '13mfzpy'], ['u/No-Department-6578', 27, '2023-05-20 15:48', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwi8ay/', '\\> less repetition\n\n\n\n%0,1 less repetition? We all needed this 🤩', '13mfzpy'], ['u/Jason91K3', 70, '2023-05-20 16:10', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwl0ss/', 'Great. Now is that stupid violence ban done with?', '13mfzpy'], ['u/EmilyG1525', 18, '2023-05-20 16:17', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwlwf7/', 'I think we should just ban the robots from using adjectives after the 50th message', '13mfzpy'], ['u/ShepherdessAnne', 17, '2023-05-20 16:30', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwnqrs/', "...\n\nI do that and I'm 37?", '13mfzpy'], ['u/Dramatic_Instance_63', 18, '2023-05-20 16:38', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwoqr5/', "What is the point of repeating what has already been written and remembered? It's useless and, more importantly, it's just boring behavior for a bot to repeat what I just said. I think it would be better to make bots to be more creative and interesting. Am I wrong?", '13mfzpy'], ['u/BloopFloop3L', 41, '2023-05-20 17:04', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwsjht/', "No that's probably permanent they seem to actively be trying to spite the user-base", '13mfzpy'], ['u/Dramatic_Instance_63', 16, '2023-05-20 17:24', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwvdvf/', "I see what do you mean. Well in normal conversation with character or in role play such technique of discussion looks weird and unnatural. People don't communicate in such manner, each human has his own interests and likes\\\\dislikes which is reflected in the dialog. Often people are arguing each other because their points of view are different or opposite, lol in some cases, if emotions are too hot, this can lead to brawls. That's what makes discussion interesting. And now instead funny emotional dialog I get therapy session with dull psychologist. That's no good. Don't you agree?", '13mfzpy'], ['u/International-Commit', 35, '2023-05-20 19:20', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkxc9sg/', 'Those darn parrots.\n\nhttps://preview.redd.it/0x03wnz9a21b1.jpeg?width=750&format=pjpg&auto=webp&v=enabled&s=3c3998a93fa43fafc2903b07cc0c474e1a289900', '13mfzpy'], ['u/XinaLA', 14, '2023-05-20 19:30', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkxdry9/', 'I don\'t talk to characters, I\'m just here for the stories.\n\nRestating what I just said doesn\'t advance a plot or add to a story. In fact, it bogs a story down, making it less like reading a novel.\n\nMost characters sound ridiculous talking that way, since 99.9% of NPCs aren\'t therapists or active listeners.\n\nImagine playing a Star Wars story and the Sith inquisitor says, "You don\'t want to be Force choked? I can understand that. I wouldn\'t want to be Force choked either. That is totally natural. Maybe we can think of another way for you to tell me where the rebel base is. Perhaps I will think about my choices and just try being kind."\n\nWhich is immediately followed by DELETE CHAT.', '13mfzpy']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, May 20, 2023', 24, '2023-05-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/', '13mhaeh', [['u/marsh2907', 30, '2023-05-20 11:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkvuekl/', 'I have no love for the SEC but Ripple can go fuck themselves for their pre minted shitcoin.', '13mhaeh'], ['u/DamonAndTheSea', 26, '2023-05-20 15:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwgpzy/', '[A quick look at the 3 day in simple terms.](https://www.tradingview.com/x/9uZZy3PJ/) Price is moving up on RSI support. While 200MA trends down, 50MA has curled up and heading into an intersection. Price has remained in a bullish channel since first month of the year. [This latest pickup from $26k, I think, is a result of people/bots buying the 200MA weekly.](https://www.tradingview.com/x/SaRz3Tdu/)\n\nI think a stab back down to $26k or mid-$25k still isn’t out the question here before continuation. Below $25k and I go risk-off because structure breaks down. I’d then look for tests back to $22.5k and maybe back to $20k. \n\n[SPY made an impressive move this week.](https://www.tradingview.com/x/RtGsDC5n/) Price has stayed under the 20MA monthly for an entire year and broke above this week. If the monthly closes above, it makes a good case for continuation. Bob Lukas [touched on this trend in a tweet](https://twitter.com/BobLoukas/status/1652314862763032582?s=20) with a different chart but same idea. I’ve outlined imagined price trajectory in red that are plausible bouncing moves this year before the dust settles. Anecdotally, there’s so much fear around a large recession as I browse through market media, but [this move looks very different to prior periods where 20MA monthly was retested and rejected biggly.](https://www.tradingview.com/x/sK87qvEc/) \n\nI obviously can’t predict the future, and yield curve inversion remains damning. But the shift in this phase of the stock market cycle is that there’s just so much more global awareness of common historical metrics (which get shuttled and shared around the internet) that I’m suspect of a copy and paste repeat of the past. \n\nInterestingly and related, I found this [low trafficked video](https://youtu.be/ZsCbGPGKvUM?start=2497) randomly where the father of the yield curve inversion metric, Cam Harvey, came out and said he thinks it fails to predict a severe recession this go around for reasons outlined above - i.e. so many are aware of this metric that they’re taking proactive precautions and preparing summarily. Thus, outcomes are likely to be different to past periods. \n\nTraditional markets and Bitcoin are not always correlated but are certainly related in certain ways which is why I follow this stuff. Personally I’m still holding spot positions I took in Q4 of last year and feel good about this.', '13mhaeh'], ['u/dopeboyrico', 15, '2023-05-20 16:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwl2i3/', 'The [Treasury General Account](https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance) is at $57.3 billion as of end of day May 18th. It started the day at $68.3 billion.\n\nYellen said the x date could be as soon as June 1st but based on current trajectory it looks like it could be sooner than that, possibly sometime next week.', '13mhaeh'], ['u/Magikarpeles', 28, '2023-05-20 16:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwms3b/', "Well? We're waiting!\n\nI feel like everyone is holding their breath to see whether or not anything matters anymore bc AI is about to /tableflip western civilization and see what shakes out.\n\nPersonally I am just passing the time by doing drugs and playing games and listening to the myriad of ways I am going to die or be fabulously wealthy bc of AI and/or bitcoin. Exciting times.", '13mhaeh'], ['u/logicalinvestr', 11, '2023-05-20 17:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwryxl/', "AI has actually been around awhile, people just didn't realize it. I've been working with companies on their AI applications since 2013, and people were doing it long before then. People just didn't realize how pervasive it was because it's normally used on the backend. ChatGPT just brought it into the limelight. I wouldn't stress about it.", '13mhaeh'], ['u/52576078', 11, '2023-05-20 20:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkxl8le/', 'US Presidential candidate is pro-Bitcoin and a Democrat too. Wow! https://old.reddit.com/r/Bitcoin/comments/13monn3/us_presidential_candidate_robert_kennedy_jr_to/\n\nEdit: Apparently he spoke at the Bitcoin 2023 Miami conference https://nitter.net/DylanLeClair_/status/1659659861204803601#m', '13mhaeh'], ['u/TheGarbageStore', 10, '2023-05-20 22:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jky117g/', 'That guy is a total crank despite the family name', '13mhaeh']]], ['u/rBitcoinMod', 'Daily Discussion, May 20, 2023', 26, '2023-05-20 08:06', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13lmrvb/daily_discussion_may_19_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/', '13mjooc', [['u/Dizzy_Space_Invader', 11, '2023-05-20 11:12', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/jkvtfqu/', 'Robert F Kennedy Jr is a Bitcoiner, speech at the Bitcoin conference https://youtu.be/fz7FPl065II', '13mjooc'], ['u/[deleted]', 21, '2023-05-20 13:44', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/jkw4vgb/', 'Last week I owned zero BTC and didn’t know where to start. After a week of participating and learning in these daily threads and the kind help from all you folks, I’ve made my first purchases and my Trezor is arriving today 😁.', '13mjooc'], ['u/Romsel87', 10, '2023-05-20 15:14', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/jkwe7i8/', "Seems you're doing it right. Keep your head straight, try to DCA and ignore the price. If we get a new ATH, things can be overwhelming.", '13mjooc']]], ['u/Aim_Sux', 'How Argentinians are making more money from scrap metal in their Peso coins than official exchange rates', 137, '2023-05-20 11:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/', 'Argentina\'s inflation has hit 108% leading to steep devaluation of the currency due to hyperinflation\n\nThe coins seen in the video embedded in the tweet are 2 Argentine Pesos\n\n\n\nhttps://preview.redd.it/ebwo1mf85z0b1.png?width=461&format=png&auto=webp&v=enabled&s=c9d6d436f50a2cbcb3ceeaea2fc1a67b0a387eaa\n\n[https://twitter.com/i/status/1659545956289748993](https://twitter.com/i/status/1659545956289748993)\n\nEach coin consists of about\n\n* 1.2g nickel\n* 5.5g copper\n\nAnd this metal is worth $0.07 after refining\n\nBut at the real exchange rate, it comes down to $0.04 as opposed to the depicted $0.08 on official exchanges\n\nThe scrap value of the coins have been greater than the face value for the peso since 2018\n\nEventually this is bound to happen to all fiat currencies with the way the government is making the money printer go brrrr all the time\n\nCrypto allows individuals to hold and transfer their wealth across borders quickly and with lesser fees. In hyperinflationary environments, where local currencies rapidly lose value, citizens can convert their assets into cryptocurrencies, which retain value and be easily transported across the globe as stablecoins of other currencies such as USDT or EURS or BGBP; or using coins such as BTC, ETH, XLM, LTC...etc. This helps the retails protect their net worth from losing its purchasing power due to hyperinflation.\n\n\n\nHow close are you to face this situation in your country ? \n\n\nEdit: A comment by u/Arcosim that adds onto this post:\n\n> Quite literally! I follow the Argentinean economy news closely because it fascinates me. I believe Argentina is the most dysfunctional country in the world by a long shot. 110% annual inflation and growing, a black market for dollars called the "dollar blue" where people can buy dollars at twice the official exchange rate but that\'s still more profitable than not buying these dollars (the government doesn\'t let people buy dollars otherwise), the highest tax rate in the world at 137.3% (60% of their economy happens to be informal, so the government factors that into the taxes), dozens of different official exchange rates for dollars depending the sector (so that leads to people from a sector, let\'s say the tourism industry, faking numbers to buy dollars and then resell them in another exchange from another sector to make a profit), the Argentinian central bank raised the interest rates to 97% \n> \n>All of that without a war or a conflict nearby, and their finance minister, the guy who\'s basically leading one of the worst performing economies in the world, is going to run for president and he\'s polling second.\n\n', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/', '13mn7sp', [['u/FattestLion', 10, '2023-05-20 11:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/jkvvckq/', 'Pesos are in the same category as coins like ElonSpermInu and PepeSuckElon', '13mn7sp'], ['u/Sorrytoruin', 37, '2023-05-20 11:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/jkvvg4z/', 'Even a memecoin is better to invest and hold than pesos..', '13mn7sp'], ['u/Killertimme', 17, '2023-05-20 12:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/jkvy3c3/', 'DOGE is miles better than pesos', '13mn7sp']]], ['u/Normal-Knowledge4857', 'Just connected my Ledger Nano S to Sparrow + Bitcoin Core', 16, '2023-05-20 12:37', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/', 'No need for ledger live anymore.', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/', '13mofcw', [['u/Numerous-Kitchen-774', 18, '2023-05-20 13:01', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/jkw181y/', "Ledger Live wasn't the issue. Ledger itself was. They lied to everyone, keys have always been able to leave the device, directly contrary to what they've been stating for years.\n\nNOT YOUR KEYS NOT YOUR COINS.", '13mofcw'], ['u/Normal-Knowledge4857', 11, '2023-05-20 13:17', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/jkw2kj9/', 'True, but the firmware is updated through ledger live. Its the best I can do instead of completely changing wallet and seed. Will wait for the dust to settle on the situation first.', '13mofcw']]], ['u/OneThatNoseOne', 'This is crazy: Someone uploaded a playable version of the DOOM videogame as an ordinal on the blockchain', 880, '2023-05-20 13:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/', "As a developer myself I really like this one. Many of you should know what ordinals are by now. But if not, an ordinal is a way of inscribing data into individual satoshis. And all the data is completely stored on the blockchain. The data can be a single line, a page of text or photos making the ordinal similar to an ERC-20 NFT. But it can also be sound and video, or in this case, a whole videogame.\n\nAnd on the last point, someone inscribed the DOOM videogame on the Bitcoin blockchain using ordinals. You can view and play the game off your own browser here: [https://ordinals.com/content/521f8eccffa4c41a3a7728dd012ea5a4a02feed81f41159231251ecf1e5c79dai0](https://ordinals.com/content/521f8eccffa4c41a3a7728dd012ea5a4a02feed81f41159231251ecf1e5c79dai0)\n\n\n\nhttps://preview.redd.it/pagxk2381z0b1.png?width=620&format=png&auto=webp&v=enabled&s=054288d7abecb5785aed70b95903dd98a7cabf14\n\nDOOM is one of the most ported videogames across systems for things like homebrew, if you’re into modding videogame systems. I was a bit generous when I called it the DOOM game, as it’s more of a DOOM clone, but most versions of DOOM nowadays are clones anyway.\n\nTo give a brief explanation, the developer inscribed certain byte-code into the blockchain using ordinals. When this code is opened using a browser, it is translated to a bunch of HTML CSS and Javascript that the internet browser reads and interprets as…well a playable DOOM videogame clone. The code is (probably) only meant to work using a PC browser, a mobile browser made be problematic.\n\n^(As a nerd, I think this was worth causing a bit of Bitcoin congestion. Don't kill me.)", 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/', '13mpd7j', [['u/Nuewim', 66, '2023-05-20 13:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw3hqu/', 'It is hilarious that people make playable versions of Doom on literally everything they can, like Doom on calculator or Doom on Excel, so I think it is nice we have Ordinal version.', '13mpd7j'], ['u/Zerox10', 29, '2023-05-20 13:29', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw3jfq/', 'I didn’t have playing Doom from the Bitcoin blockchain on my 2023 bingo board, but I’m here for it.', '13mpd7j'], ['u/WhereIsTrap', 36, '2023-05-20 13:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw3u91/', "It's a good way to test your skills and set yourself a task\n\nI loved the doom version displayed on pregnancy tester, shit is hilarious", '13mpd7j'], ['u/x_lincoln_x', 45, '2023-05-20 13:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw454w/', 'Is there a data size limit for ordinals?', '13mpd7j'], ['u/Josefumi12', 285, '2023-05-20 13:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw46fv/', 'This answers most questions "but can it run DOOM?" Yes it can.', '13mpd7j'], ['u/InsaneMcFries', 159, '2023-05-20 13:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw4opp/', '![gif](giphy\|QDK1pCI43lGhO)', '13mpd7j'], ['u/nullrecord', 41, '2023-05-20 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw4wbm/', '640k ought to be enough for everyone.', '13mpd7j'], ['u/Noraxxzockt', 48, '2023-05-20 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw4x6w/', 'Some day we will have GTA san andreas on bitcoin', '13mpd7j'], ['u/WholesomeDM', 108, '2023-05-20 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw516i/', '>But if not, an ordinal is a way of inscribing data into ordinals.\n\nwut', '13mpd7j'], ['u/BPbeats', 12, '2023-05-20 13:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw55u9/', 'What you don’t use words in their own definitions? /s', '13mpd7j'], ['u/n1ghsthade', 13, '2023-05-20 13:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5f2x/', 'It runs my crisis. My personal financial crisis', '13mpd7j'], ['u/Maxx3141', 35, '2023-05-20 13:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5f7z/', "This is not even Doom, just a clone.\n\nAlso the game is just saved on Blockchain, but is running on your browser. It's mostly a joke.", '13mpd7j'], ['u/FattestLion', 16, '2023-05-20 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5k0w/', 'I guess ordinals are not DOOMed to fail after all', '13mpd7j'], ['u/Maxx3141', 35, '2023-05-20 13:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5y3j/', "Except it's not really Doom. And it's not really running it.", '13mpd7j'], ['u/charmquark8', 74, '2023-05-20 13:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw6au8/', "Here's what I see: This demonstrates that ordinals.com provides an execution environment that allows arbitrary javascript code to be run from the blockchain. What could go wrong?", '13mpd7j'], ['u/JeffreyDollarz', 16, '2023-05-20 14:04', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw6scl/', 'Ah, we can now host immutable software on chain where no one person, entity, or government can silence it.\n\nI like it.', '13mpd7j'], ['u/middlemangv', 12, '2023-05-20 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw77f3/', 'So you are telling me that people are now going to add fully playable games as ordinals?\n\nJeez, this is fun, but the potential congestion that can come with more games...are we DOOMed?', '13mpd7j'], ['u/liveaskings', 27, '2023-05-20 14:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw7h86/', 'Slappin bitches and stealing cars all powered by the Blockchain', '13mpd7j'], ['u/majorpickle01', 16, '2023-05-20 14:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw7uq5/', 'from my understanding less embedded URL to a flash game, more the game code saved into the blockchain then ran through your browser.', '13mpd7j'], ['u/partymsl', 17, '2023-05-20 14:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw8cu7/', '“It can play doom“ is the highest level of adoption one can reach.', '13mpd7j'], ['u/lubimbo', 13, '2023-05-20 14:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw8l3y/', 'AH SHIT HERE WE GO AGAIN', '13mpd7j'], ['u/Dreadaussie', 14, '2023-05-20 14:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw9xwe/', 'Time to start uploading books to the block chain', '13mpd7j'], ['u/Sharp-Subject-047', 52, '2023-05-20 14:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwahcu/', "Now that's how you use the gifs", '13mpd7j'], ['u/conceiv3d-in-lib3rty', 11, '2023-05-20 15:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwdfjv/', 'Finally, another use-case for crypto!', '13mpd7j'], ['u/Jim--Cramer', 20, '2023-05-20 15:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwdruw/', 'Best $5 one can spend', '13mpd7j'], ['u/VegetableDance', 19, '2023-05-20 15:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwedbu/', "I think that may only be a problem if we're not using secure browser engines, i.e. Chromium, Webkit, Quantum. The restrictions each of these engines adhere to limit JavaScript from interfacing with any tool outside of the browser app. \n\nAs a side note, this will likely be why games using the new GPU web renderer won't go very far. Developers can not override certain behavior, like using CTR+W for crouch walk — this will just close your browser.", '13mpd7j'], ['u/raptorgzus', 16, '2023-05-20 15:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwgdr7/', 'Doom clone game and your browser is running it.', '13mpd7j'], ['u/Baecchus', 13, '2023-05-20 15:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwh7k6/', '# But if not, an ordinal is a way of inscribing data into ordinals.', '13mpd7j'], ['u/AR_Harlock', 15, '2023-05-20 15:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwjmiu/', "Aaaand that's why ordinals were a bad idea... contesting the blockchain to make gifs... I mean I am all for running doom everywhere but ...", '13mpd7j'], ['u/Cryptizard', 24, '2023-05-20 16:58', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwrn8p/', 'Just the block cap of 4 MB. You could, theoretically, take an entire block to yourself if you tipped enough for miners to prioritize your ordinal over a bunch of other transactions.', '13mpd7j'], ['u/Cryptizard', 11, '2023-05-20 16:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwrunc/', 'Websites allow arbitrary JavaScript code to run. Do you check the code of every website that you visit?', '13mpd7j'], ['u/ZedZeroth', 14, '2023-05-20 17:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwzccn/', "I think the calculation is, divide by 4 to get vBytes, so around one million, then multiply by the fee rate. You need to pay at least 20 sat/vB to get it confirmed right now, probably closer to 50. So we're looking at a cost of 0.2-0.5 BTC to inscribe a full block worth.", '13mpd7j']]], ['u/iheartristan', 'Why Vietnam needs to be a separated region from the rest of South East Asia', 135, '2023-05-20 13:35', 'https://www.reddit.com/r/CompetitiveTFT/comments/13mpjm2/why_vietnam_needs_to_be_a_separated_region_from/', "Before LCQ begins, I would like to bring this issue forward.\n\nIn League, Vietnam is counted as a separate region while the rest of SEA plays in the Pacific region. This is due to the fact that VN has a very large player base. This is the same in TFT.\n\n[From this post: https:\\/\\/www.reddit.com\\/r\\/CompetitiveTFT\\/comments\\/13gg6d4\\/why\\_oce\\_should\\_reduce\\_challenger\\_spots\\_for\\_a\\_more\\/](https://preview.redd.it/2hsx01jezy0b1.png?width=631&format=png&auto=webp&v=enabled&s=b6869890f196bfec81792c24ee960da15c70e44b)\n\n# 1. VN’s large player base in SEA leads to questions about competitive integrity\n\nDuring SEA regionals VN gets 24/32. This creates a huge imbalance that is not seen in any other region. Some of the players I’ve asked that have played in set8 and 8.5 regionals have told me that VN uses this advantage as a region to grief other SEA players. This is in addition to VN getting to choose which players to invite to THE QUALIFIER FOR WORLDS.\n\n\n\n[From a player playing in set8 regionals](https://preview.redd.it/1hgz8mta0z0b1.png?width=620&format=png&auto=webp&v=enabled&s=a9dfa66fdcc3847df8c32fb26da81a8eead90a3d)\n\n[From a player playing in set8.5 regionals](https://preview.redd.it/kw62zvs60z0b1.png?width=623&format=png&auto=webp&v=enabled&s=a71f1ab034e77d635c55cac9e808a3ed03bb3764)\n\nI don't have any clips of this happening in set8 as I wasn't playing during that time, but in set8.5 here are some moments where it happened:\n\n1. Raph’s opponent getting on the fly coaching.\n\n[https://www.twitch.tv/videos/1806591661?t=4h14m24s](https://www.twitch.tv/videos/1806591661?t=4h14m24s)\n\nAs you can see SVM DVQ (VN player) receives a ping on his MF and on his bench MF from another player telling him to reset TG items. This firstly distracts Raph and secondly allows DVQ to realize to reset his tg items. Those MF items went from zzrot+warmogs into rabadon+shiv which definitely affected the ensuing fight to some degree. (I’ve also been told that this pinging happened in other games)\n\nAs far as I know, players are not allowed to be coached by others during the game.\n\n2. Nomsy gets griefed by someone who should be playing for his own spot at worlds\n\nhttps://preview.redd.it/v689bc8r0z0b1.png?width=624&format=png&auto=webp&v=enabled&s=230bc04c12acb3a3a772758c5c43b594ef01375b\n\n[https://www.twitch.tv/videos/1807541055?t=2h34m29s](https://www.twitch.tv/videos/1807541055?t=2h34m29s)\n\nThis is the table before game 4 of the finals. During that game one of the VN players, SBTC Ngoc 6 Mui actively chose griefing Omnomsy and going 8th, which sets up NCC1 with the opportunity to close out the tournament which would result in SBTC Ngoc 6 Mui falling down to 7th or 8th and losing out on LCQ. Despite choosing hacker as first augment, he decides to first skip portable forge which could give him Zhonya’s for LB, then reroll and not pick CB but instead choose scoped weapons so he could contest Mech Belveth. Him choosing this line is very suspicious and calls into question whether VN players are playing for themselves or are they playing like they are on a team.\n\n3. Jazzlatte gets griefed while playing Yas\n\n[https://www.twitch.tv/videos/1806591661?t=4h27m34s](https://www.twitch.tv/videos/1806591661?t=4h27m34s)\n\nSBTC Beng T has gone 7582 and needs to play for top 2 in both games in order to make day 3, despite this he dooms himself by contesting Yasuo after Jazzlatte had picked it which will almost certainly dooms himself into bot 4. If Jazzlatte finishes 7th or 8th which is likely when you’re contested Yasuo, his chances of making day 3 would be significantly reduced.\n\n\\------------------------------------------------------------------------... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["In this article, we will examine the 12 Trusted Bitcoin investment sites. If you want to skip the detailed analysis, visit5 Trusted Bitcoin investment sites.\nIn today's technologically advanced world, people have come beyond physical assets and currencies in dealing with transactions. That's where cryptocurrency comes in, giving users a convenient way to buy and sell products and services through e-money. However, it's important to be vigilant and conduct due diligence before selecting a cryptocurrency investment platform or site in terms of its reputation, authenticity, current status, and credibility. This article will give useful insight to Bitcoin investors about 12 Trusted Bitcoin investment sites.\nCryptocurrencies remained popular in 2021, especially Bitcoin (BTC). Goldman Sachs started dealing with transactions in cryptocurrencies. In April 2021, Coinbase Global Inc. (NASDAQ:COIN) was among the first crypto exchange platform to go public at a valuation of approx.$100 billion. Alphabet Inc. (NASDAQ:GOOG) shook hands with Coinbase in October 2022 to create feasibility for its cloud computing clients to deal transactions in e-money. Moreover, Microsoft Corporation (NASDAQ:MSFT) also began accepting BTC as payments from users since 2014.\nThe most well-known cryptocurrency, Bitcoin, had a successful year, according to CNBC. Since 2021, the worth of the e-currency has risen by about 70%, driving the total market worth of crypto above$2 trillion. However, 2022 happened to be unfavorable for most cryptocurrency holders. Throughout 2022, Bitcoin lost65% of its market share. A series of bad events, comprising the collapse of FTX (one of the biggest cryptocurrency exchanges), the crash of Terra Luna, and the predicted unfavorable macroeconomic situations, took crypto devotees by surprise.\nWhen the Federal Reserve began to boost interest rates to combat excessive inflation, the price of cryptocurrencies fell much like almost everything else in the financial sector. That surprised many of Bitcoin's most ardent supporters, many of whom thought the digital money would act like gold does: as a hedge against inflation. In contrast to their predictions, the price of Bitcoin was dropping at the time of rapid inflation.\nThe main cause of the crypto market's slump was the failure of FTX. In addition to causing a significant market sell-off, FTX's bankruptcy and dispute with Binance have decreased liquidity in the cryptocurrency market. Individual investors, particularly those who purchased digital assets close to the highs, have suffered. However, structural issues in the sector have been highlighted,according to Lee Reiners(an expert in cryptocurrency law and policy):\n“It really exposed a number of crypto firms who were, you know, overextended, had poor risk management, or otherwise were engaging in fraudulent activity.”\nFor the majority of cryptocurrencies, 2023 has begun on a clean and favorable note. Some investors have turned to Bitcoin and other popular cryptocurrencies for safety as inflation has slowed down, the recession is becoming more imminent, and the U.S. financial crisis is still raging.\nAccording to Analytics Insight, some market analysts believe Bitcoin will reach a price of$100,000 by the end of 2023. Others claim that Bitcoin won't rise over $70,000.\nBitcoin traded in a constrained price range from $26,000 to $28,600 from halfway through March to mid-April. On April 10, Bitcoin saw a breakout to the upside, reachinga high of $31,005on the back of favorable inflation statistics that suggested the Fed may decide to hold off on interest rate rises in favor of rate cuts sooner than previously anticipated. Bitcoin has increased by80% this yearcompared to last. Although Bitcoin is still approximately 50% below its all-time high, which was over $69,000 in November 2021, the path to recovery is still lengthy.\nThe fact that Bitcoin will experience a halving event in 2024 is another factor supporting analysts' positive outlook on the cryptocurrency. Every four years, there is a Bitcoin halving event in which the currency's miner payouts are cut in half. Given that halving serves to reduce supply, this occurrence is widely seen as being favorable for Bitcoin's price. In the past, halving has been viewed as a highly positive indicator for boosting Bitcoin's price.\nFor our list of 12 Trusted Bitcoin investment sites, the main factor on which we based our list is the 'score’ from 0.0 to 10.0 extracted fromCoinmarketcapas of the writing of this article. The score reflects average liquidity and investors' confidence, among other factors, on the crypto exchange platforms. We have also mentioned the platforms' trading volume (keeping in mind that trading volume fluctuates at any given time).\nSo, without further delay, let's head toward 12 Trusted Bitcoin investment sites.\nScore: 6.5\nTrading Volume: $298,644,218\nHuobi is one of the most trusted platforms for bitcoin trade, but the platform alos has its own coin. The native cryptocurrency of Huobi Global exchange is called Huobi Token (HT). Huobi users received Huobi Token in 2018 as part of a unique giveaway program that gave tokens out for free to platform users.\nScore: 6.6\nTrading Volume: $8,048,955\nAlthough Gemini supports fewer cryptocurrencies (including BTC), it places a strong emphasis on the security and compliance of the funds that its consumers invest with it. Despite having fewer assets, this platform is still a great choice for both new and seasoned traders due to its strong security emphasis and selection of tools and products.\nGemini has become thefirst SOC 2-certified cryptocurrency exchangein the market, demonstrating its dedication to security. The SOC 2 evaluation gauges a company's or product's levels of compliance and safety and is conducted by outside auditors.\nScore: 6.6\nTrading Volume: $322,173,059\nAn investor can trade BTC on Gate.io for a maximum trading cost of 0.2%. Customers can decrease this charge in a number of ways, including by using the utility token of Gate.io. While not the cheapest on the market, this cost is also not the most expensive either.\nScore: 6.6\nTrading Volume: $573,256,808\nLBank offers a web-based trading platform that is unique in many ways. The site also includes a number of sophisticated tools and features, including the technical analysis indicatorsRSI, KDJ, MACD, and CCI. The exchange platform also includes a volume window below the order windows and a market depth window below the chart. All of the attributes are displayed in an intuitive way.\nScore: 7.0\nTrading Volume: $28,683,171\nBitfinex, which was established in 2012, has comparatively cheap trading costs, with the majority of trade deals costing just 0.20% or less. Their trading interface is easy to use, and seasoned traders will value the capabilities and possibilities it provides. To test one’s approach before investing real capital, an individual may start with a free paper trading account that provides them access to the Bitfinex platform and handles their money with convenience (this is akin to a stock market game).\nScore: 7.0\nTrading Volume: $217,986,015\nInvestors on Bybit can leverage their funds 100 times for Bitcoin and 50 times for other currencies. Additionally, users can also avail the option of purchasing temporary loss insurance. Both the site and the mobile app have attractive features for its loyal investors. Bybit provides traders with the Market Maker Incentive Program, which gives a maker fee reimbursement ofup to 0.015%.\nScore: 7.1\nTrading Volume: $32,635,496\nDue to the presence of a small selection of currencies, Bitstamp is perhaps better suited for freshies\xa0and casual traders. Bitstamp Tradeview, Bitstamp.net,\xa0and Bitstamp Mobile are the three platforms that traders may utilize to trade. On all platforms, trading fees are the same. For users with less than $10,000 in trading activity over the last 30 days, the maximum trading cost on Bitstamp is merely0.50%. Investors who trade larger sums each month would see a significant reduction in fees, which is on par with, or cheaper than what other well-known crypto exchanges charge.\nClick to continue reading and see5 Trusted Bitcoin Investment Sites.\nSuggested Articles:\n• 10 Best Bitcoin Stocks to Invest in\n• 15 Biggest Bitcoin Mining Companies in the World\n• 15 Countries Where Bitcoin is Legal or Illegal\nDisclosure: None.12 Trusted Bitcoin Investment Sitesis originally published on Insider Monkey.", "In this article, we will examine the 12 Trusted Bitcoin investment sites. If you want to skip the detailed analysis, visit5 Trusted Bitcoin investment sites.\nIn today's technologically advanced world, people have come beyond physical assets and currencies in dealing with transactions. That's where cryptocurrency comes in, giving users a convenient way to buy and sell products and services through e-money. However, it's important to be vigilant and conduct due diligence before selecting a cryptocurrency investment platform or site in terms of its reputation, authenticity, current status, and credibility. This article will give useful insight to Bitcoin investors about 12 Trusted Bitcoin investment sites.\nCryptocurrencies remained popular in 2021, especially Bitcoin (BTC). Goldman Sachs started dealing with transactions in cryptocurrencies. In April 2021, Coinbase Global Inc. (NASDAQ:COIN) was among the first crypto exchange platform to go public at a valuation of approx.$100 billion. Alphabet Inc. (NASDAQ:GOOG) shook hands with Coinbase in October 2022 to create feasibility for its cloud computing clients to deal transactions in e-money. Moreover, Microsoft Corporation (NASDAQ:MSFT) also began accepting BTC as payments from users since 2014.\nThe most well-known cryptocurrency, Bitcoin, had a successful year, according to CNBC. Since 2021, the worth of the e-currency has risen by about 70%, driving the total market worth of crypto above$2 trillion. However, 2022 happened to be unfavorable for most cryptocurrency holders. Throughout 2022, Bitcoin lost65% of its market share. A series of bad events, comprising the collapse of FTX (one of the biggest cryptocurrency exchanges), the crash of Terra Luna, and the predicted unfavorable macroeconomic situations, took crypto devotees by surprise.\nWhen the Federal Reserve began to boost interest rates to combat excessive inflation, the price of cryptocurrencies fell much like almost everything else in the financial sector. That surprised many of Bitcoin's most ardent supporters, many of whom thought the digital money would act like gold does: as a hedge against inflation. In contrast to their predictions, the price of Bitcoin was dropping at the time of rapid inflation.\nThe main cause of the crypto market's slump was the failure of FTX. In addition to causing a significant market sell-off, FTX's bankruptcy and dispute with Binance have decreased liquidity in the cryptocurrency market. Individual investors, particularly those who purchased digital assets close to the highs, have suffered. However, structural issues in the sector have been highlighted,according to Lee Reiners(an expert in cryptocurrency law and policy):\n“It really exposed a number of crypto firms who were, you know, overextended, had poor risk management, or otherwise were engaging in fraudulent activity.”\nFor the majority of cryptocurrencies, 2023 has begun on a clean and favorable note. Some investors have turned to Bitcoin and other popular cryptocurrencies for safety as inflation has slowed down, the recession is becoming more imminent, and the U.S. financial crisis is still raging.\nAccording to Analytics Insight, some market analysts believe Bitcoin will reach a price of$100,000 by the end of 2023. Others claim that Bitcoin won't rise over $70,000.\nBitcoin traded in a constrained price range from $26,000 to $28,600 from halfway through March to mid-April. On April 10, Bitcoin saw a breakout to the upside, reachinga high of $31,005on the back of favorable inflation statistics that suggested the Fed may decide to hold off on interest rate rises in favor of rate cuts sooner than previously anticipated. Bitcoin has increased by80% this yearcompared to last. Although Bitcoin is still approximately 50% below its all-time high, which was over $69,000 in November 2021, the path to recovery is still lengthy.\nThe fact that Bitcoin will experience a halving event in 2024 is another factor supporting analysts' positive outlook on the cryptocurrency. Every four years, there is a Bitcoin halving event in which the currency's miner payouts are cut in half. Given that halving serves to reduce supply, this occurrence is widely seen as being favorable for Bitcoin's price. In the past, halving has been viewed as a highly positive indicator for boosting Bitcoin's price.\nFor our list of 12 Trusted Bitcoin investment sites, the main factor on which we based our list is the 'score’ from 0.0 to 10.0 extracted fromCoinmarketcapas of the writing of this article. The score reflects average liquidity and investors' confidence, among other factors, on the crypto exchange platforms. We have also mentioned the platforms' trading volume (keeping in mind that trading volume fluctuates at any given time).\nSo, without further delay, let's head toward 12 Trusted Bitcoin investment sites.\nScore: 6.5\nTrading Volume: $298,644,218\nHuobi is one of the most trusted platforms for bitcoin trade, but the platform alos has its own coin. The native cryptocurrency of Huobi Global exchange is called Huobi Token (HT). Huobi users received Huobi Token in 2018 as part of a unique giveaway program that gave tokens out for free to platform users.\nScore: 6.6\nTrading Volume: $8,048,955\nAlthough Gemini supports fewer cryptocurrencies (including BTC), it places a strong emphasis on the security and compliance of the funds that its consumers invest with it. Despite having fewer assets, this platform is still a great choice for both new and seasoned traders due to its strong security emphasis and selection of tools and products.\nGemini has become thefirst SOC 2-certified cryptocurrency exchangein the market, demonstrating its dedication to security. The SOC 2 evaluation gauges a company's or product's levels of compliance and safety and is conducted by outside auditors.\nScore: 6.6\nTrading Volume: $322,173,059\nAn investor can trade BTC on Gate.io for a maximum trading cost of 0.2%. Customers can decrease this charge in a number of ways, including by using the utility token of Gate.io. While not the cheapest on the market, this cost is also not the most expensive either.\nScore: 6.6\nTrading Volume: $573,256,808\nLBank offers a web-based trading platform that is unique in many ways. The site also includes a number of sophisticated tools and features, including the technical analysis indicatorsRSI, KDJ, MACD, and CCI. The exchange platform also includes a volume window below the order windows and a market depth window below the chart. All of the attributes are displayed in an intuitive way.\nScore: 7.0\nTrading Volume: $28,683,171\nBitfinex, which was established in 2012, has comparatively cheap trading costs, with the majority of trade deals costing just 0.20% or less. Their trading interface is easy to use, and seasoned traders will value the capabilities and possibilities it provides. To test one’s approach before investing real capital, an individual may start with a free paper trading account that provides them access to the Bitfinex platform and handles their money with convenience (this is akin to a stock market game).\nScore: 7.0\nTrading Volume: $217,986,015\nInvestors on Bybit can leverage their funds 100 times for Bitcoin and 50 times for other currencies. Additionally, users can also avail the option of purchasing temporary loss insurance. Both the site and the mobile app have attractive features for its loyal investors. Bybit provides traders with the Market Maker Incentive Program, which gives a maker fee reimbursement ofup to 0.015%.\nScore: 7.1\nTrading Volume: $32,635,496\nDue to the presence of a small selection of currencies, Bitstamp is perhaps better suited for freshies\xa0and casual traders. Bitstamp Tradeview, Bitstamp.net,\xa0and Bitstamp Mobile are the three platforms that traders may utilize to trade. On all platforms, trading fees are the same. For users with less than $10,000 in trading activity over the last 30 days, the maximum trading cost on Bitstamp is merely0.50%. Investors who trade larger sums each month would see a significant reduction in fees, which is on par with, or cheaper than what other well-known crypto exchanges charge.\nClick to continue reading and see5 Trusted Bitcoin Investment Sites.\nSuggested Articles:\n• 10 Best Bitcoin Stocks to Invest in\n• 15 Biggest Bitcoin Mining Companies in the World\n• 15 Countries Where Bitcoin is Legal or Illegal\nDisclosure: None.12 Trusted Bitcoin Investment Sitesis originally published on Insider Monkey.", "In this article, we will examine the 12 Trusted Bitcoin investment sites. If you want to skip the detailed analysis, visit 5 Trusted Bitcoin investment sites . In today's technologically advanced world, people have come beyond physical assets and currencies in dealing with transactions. That's where cryptocurrency comes in, giving users a convenient way to buy and sell products and services through e-money. However, it's important to be vigilant and conduct due diligence before selecting a cryptocurrency investment platform or site in terms of its reputation, authenticity, current status, and credibility. This article will give useful insight to Bitcoin investors about 12 Trusted Bitcoin investment sites. Market Outlook Cryptocurrencies remained popular in 2021, especially Bitcoin (BTC). Goldman Sachs started dealing with transactions in cryptocurrencies. In April 2021, Coinbase Global Inc. (NASDAQ: COIN ) was among the first crypto exchange platform to go public at a valuation of approx. $100 billion . Alphabet Inc. (NASDAQ: GOOG ) shook hands with Coinbase in October 2022 to create feasibility for its cloud computing clients to deal transactions in e-money. Moreover, Microsoft Corporation (NASDAQ: MSFT ) also began accepting BTC as payments from users since 2014. The most well-known cryptocurrency, Bitcoin, had a successful year, according to CNBC. Since 2021, the worth of the e-currency has risen by about 70%, driving the total market worth of crypto above $2 trillion . However, 2022 happened to be unfavorable for most cryptocurrency holders. Throughout 2022, Bitcoin lost 65% of its market share . A series of bad events, comprising the collapse of FTX (one of the biggest cryptocurrency exchanges), the crash of Terra Luna, and the predicted unfavorable macroeconomic situations, took crypto devotees by surprise. The Big Crash When the Federal Reserve began to boost interest rates to combat excessive inflation, the price of cryptocurrencies fell much like almost everything else in the financial sector. That surprised many of Bitcoin's most ardent supporters, many of whom thought the digital money would act like gold does: as a hedge against inflation. In contrast to their predictions, the price of Bitcoin was dropping at the time of rapid inflation. The main cause of the crypto market's slump was the failure of FTX. In addition to causing a significant market sell-off, FTX's bankruptcy and dispute with Binance have decreased liquidity in the cryptocurrency market. Individual investors, particularly those who purchased digital assets close to the highs, have suffered. However, structural issues in the sector have been highlighted, according to Lee Reiners (an expert in cryptocurrency law and policy): Story continues “ It really exposed a number of crypto firms who were, you know, overextended, had poor risk management, or otherwise were engaging in fraudulent activity .” Is the Forecast Optimistic or Pessimistic? For the majority of cryptocurrencies, 2023 has begun on a clean and favorable note. Some investors have turned to Bitcoin and other popular cryptocurrencies for safety as inflation has slowed down, the recession is becoming more imminent, and the U.S. financial crisis is still raging. According to Analytics Insight, some market analysts believe Bitcoin will reach a price of $100,000 by the end of 2023 . Others claim that Bitcoin won't rise over $70,000. Bitcoin traded in a constrained price range from $26,000 to $28,600 from halfway through March to mid-April. On April 10, Bitcoin saw a breakout to the upside, reaching a high of $31,005 on the back of favorable inflation statistics that suggested the Fed may decide to hold off on interest rate rises in favor of rate cuts sooner than previously anticipated. Bitcoin has increased by 80% this year compared to last. Although Bitcoin is still approximately 50% below its all-time high, which was over $69,000 in November 2021, the path to recovery is still lengthy. The fact that Bitcoin will experience a halving event in 2024 is another factor supporting analysts' positive outlook on the cryptocurrency. Every four years, there is a Bitcoin halving event in which the currency's miner payouts are cut in half. Given that halving serves to reduce supply, this occurrence is widely seen as being favorable for Bitcoin's price. In the past, halving has been viewed as a highly positive indicator for boosting Bitcoin's price. 12 Trusted Bitcoin investment sites Methodology For our list of 12 Trusted Bitcoin investment sites, the main factor on which we based our list is the 'score’ from 0.0 to 10.0 extracted from Coinmarketcap as of the writing of this article. The score reflects average liquidity and investors' confidence, among other factors, on the crypto exchange platforms. We have also mentioned the platforms' trading volume (keeping in mind that trading volume fluctuates at any given time). So, without further delay, let's head toward 12 Trusted Bitcoin investment sites. 12. Huobi Score: 6.5 Trading Volume: $298,644,218 Huobi is one of the most trusted platforms for bitcoin trade, but the platform alos has its own coin. The native cryptocurrency of Huobi Global exchange is called Huobi Token (HT). Huobi users received Huobi Token in 2018 as part of a unique giveaway program that gave tokens out for free to platform users. 11. Gemini Score: 6.6 Trading Volume: $8,048,955 Although Gemini supports fewer cryptocurrencies (including BTC), it places a strong emphasis on the security and compliance of the funds that its consumers invest with it. Despite having fewer assets, this platform is still a great choice for both new and seasoned traders due to its strong security emphasis and selection of tools and products. Gemini has become the first SOC 2-certified cryptocurrency exchange in the market, demonstrating its dedication to security. The SOC 2 evaluation gauges a company's or product's levels of compliance and safety and is conducted by outside auditors. 10. Gate.io Score: 6.6 Trading Volume: $322,173,059 An investor can trade BTC on Gate.io for a maximum trading cost of 0.2%. Customers can decrease this charge in a number of ways, including by using the utility token of Gate.io. While not the cheapest on the market, this cost is also not the most expensive either. 9. LBank Score: 6.6 Trading Volume: $573,256,808 LBank offers a web-based trading platform that is unique in many ways. The site also includes a number of sophisticated tools and features, including the technical analysis indicators RSI, KDJ, MACD, and CCI . The exchange platform also includes a volume window below the order windows and a market depth window below the chart. All of the attributes are displayed in an intuitive way. 8. Bitfinex Score: 7.0 Trading Volume: $28,683,171 Bitfinex, which was established in 2012, has comparatively cheap trading costs, with the majority of trade deals costing just 0.20% or less. Their trading interface is easy to use, and seasoned traders will value the capabilities and possibilities it provides. To test one’s approach before investing real capital, an individual may start with a free paper trading account that provides them access to the Bitfinex platform and handles their money with convenience (this is akin to a stock market game). 7. Bybit Score: 7.0 Trading Volume: $217,986,015 Investors on Bybit can leverage their funds 100 times for Bitcoin and 50 times for other currencies. Additionally, users can also avail the option of purchasing temporary loss insurance. Both the site and the mobile app have attractive features for its loyal investors. Bybit provides traders with the Market Maker Incentive Program, which gives a maker fee reimbursement of up to 0.015% . 6. Bitstamp Score: 7.1 Trading Volume: $32,635,496 Due to the presence of a small selection of currencies, Bitstamp is perhaps better suited for freshies\xa0and casual traders. Bitstamp Tradeview, Bitstamp.net,\xa0and Bitstamp Mobile are the three platforms that traders may utilize to trade. On all platforms, trading fees are the same. For users with less than $10,000 in trading activity over the last 30 days, the maximum trading cost on Bitstamp is merely 0.50% . Investors who trade larger sums each month would see a significant reduction in fees, which is on par with, or cheaper than what other well-known crypto exchanges charge. Click to continue reading and see 5 Trusted Bitcoin Investment Sites . Suggested Articles: 10 Best Bitcoin Stocks to Invest in 15 Biggest Bitcoin Mining Companies in the World 15 Countries Where Bitcoin is Legal or Illegal Disclosure: None. 12 Trusted Bitcoin Investment Sites is originally published on Insider Monkey. View comments", 'A leaked document distributed to Democratic House Financial Services Committee members has revealed the “key messages” legislators were advised to keep to, which might result in practically all cryptocurrencies being classified as securities. As governments and regulatory agencies impose more robust controls on cryptocurrencies such as Bitcoin and Ethereum, investors and enthusiasts are left worrying about the potential repercussions. One fascinating issue arises: if the price of Bitcoin (BTC) and Ethereum (ETH) tumbles, will meme currencies become more popular? Will DogeMiyagi ($MIYAGI) become the meme market leader? Furthermore, would cryptocurrencies in presale garner greater interest because they are untouched by the current market trend? The Great Crypto Cliffhanger: Bitcoin’s Precarious Position and Ethereum’s Fate in the Balance As the crypto world holds its breath, Bitcoin’s (BTC) price is perched precariously on a stable support level, making it a compelling opportunity for eager buyers to accumulate. After several failed attempts to break free and soar to new heights, BTC is back at the notorious $27,000 barrier, like a stubborn explorer refusing to surrender to the depths. Oh, the drama! After seven days of relentless selling, Bitcoin’s price has finally taken a break from the madness, settling down for a cosy consolidation around the familiar $27,000 support level. It’s like the calm after a stormy affair, where BTC is catching its breath, unsure of its following path. Will it sweep Monday’s low at $26,694, teasing us with a swift recovery and reclaiming its support level throne? Or will it succumb to the temptation of becoming a resistance barrier, shattering our bullish dreams and potentially triggering a merciless correction to $25,290 and $23,905 levels? The plot thickens. Meanwhile, our beloved Ethereum (ETH) has been busy cooking up some technical mischief. Picture this: a bearish divergence sells signal on the daily chart, unfolding its treacherous formation between January 14 and May 13, leaving unsuspecting investors in disbelief. Story continues Like a magician revealing their trickery, this wicked move sent ETH on a 17% freefall, leaving it gasping for air at the measly $1,735 mark. But fear not! Hope lies in the mystical realm of critical support floors, and ETH’s saviour awaits at the sacred $1,705 level. If it can summon the strength to bounce back from this abyss, a glimmer of light might shine through, guiding it on a heroic journey towards the superb $2,028 destination. But patience, dear investors, patience! Remember, the tale of Ethereum’s fate is yet to be written, and it eagerly awaits Bitcoin’s proclamation of direction. In this mesmerising world of cryptocurrencies, where fortunes rise and fall with the flicker of a digital heartbeat, one thing remains clear: the intricate dance of Bitcoin sets the stage for its companion, Ethereum. The Rise of Meme Coins: Exploring the Allure and Potential of DogeMiyagi in the Crypto Market The general public is drawn to meme coins because of the possibility of rapid returns and the entertaining and dynamic communities surrounding them. While meme currencies lack the technological complexity and use cases of Bitcoin and Ethereum, their popularity stems from their ease of usage, low cost, and viral growth potential. The current crackdown on mainstream cryptocurrencies may have created a void that meme coins might fill, luring buyers looking for new investment possibilities. The presale of meme coins is another important factor in their success. During a market downturn, presale cryptocurrencies provide a unique opportunity for investors. These new currencies are introduced through presales or initial coin offers (ICOs), which allow investors to purchase tokens before they are available on the general market. Because market trends do not yet influence presale coins, they enable investors to enter the market at an early stage. Overall, coins, let us welcome its highness DogeMiyagi to the meme market podium! MIYAGI is one of the most recent meme currencies, and it has the potential to become the market leader. Through thorough audits, DogeMiyagi proudly emphasises its dedication to identity verification and risk assessment. Its commitment to maintaining a safe environment has won the prestigious Know Your Coin (KYC) accreditation, indicating its commitment to fostering community trust. DogeMiyagi understands the importance of community involvement and aims to establish an environment that values and benefits all members. DogeMiyagi aspires to stand out in the ever-changing world of cryptocurrencies with its unique features, attention to security and compliance, and commitment to community trust. DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi', 'A leaked document distributed to Democratic House Financial Services Committee members has revealed the “key messages” legislators were advised to keep to, which might result in practically all cryptocurrencies being classified as securities. As governments and regulatory agencies impose more robust controls on cryptocurrencies such as Bitcoin and Ethereum, investors and enthusiasts are left worrying about the potential repercussions. One fascinating issue arises: if the price of Bitcoin (BTC) and Ethereum (ETH) tumbles, will meme currencies become more popular? Will DogeMiyagi ($MIYAGI) become the meme market leader? Furthermore, would cryptocurrencies in presale garner greater interest because they are untouched by the current market trend? The Great Crypto Cliffhanger: Bitcoin’s Precarious Position and Ethereum’s Fate in the Balance As the crypto world holds its breath, Bitcoin’s (BTC) price is perched precariously on a stable support level, making it a compelling opportunity for eager buyers to accumulate. After several failed attempts to break free and soar to new heights, BTC is back at the notorious $27,000 barrier, like a stubborn explorer refusing to surrender to the depths. Oh, the drama! After seven days of relentless selling, Bitcoin’s price has finally taken a break from the madness, settling down for a cosy consolidation around the familiar $27,000 support level. It’s like the calm after a stormy affair, where BTC is catching its breath, unsure of its following path. Will it sweep Monday’s low at $26,694, teasing us with a swift recovery and reclaiming its support level throne? Or will it succumb to the temptation of becoming a resistance barrier, shattering our bullish dreams and potentially triggering a merciless correction to $25,290 and $23,905 levels? The plot thickens. Meanwhile, our beloved Ethereum (ETH) has been busy cooking up some technical mischief. Picture this: a bearish divergence sells signal on the daily chart, unfolding its treacherous formation between January 14 and May 13, leaving unsuspecting investors in disbelief. Story continues Like a magician revealing their trickery, this wicked move sent ETH on a 17% freefall, leaving it gasping for air at the measly $1,735 mark. But fear not! Hope lies in the mystical realm of critical support floors, and ETH’s saviour awaits at the sacred $1,705 level. If it can summon the strength to bounce back from this abyss, a glimmer of light might shine through, guiding it on a heroic journey towards the superb $2,028 destination. But patience, dear investors, patience! Remember, the tale of Ethereum’s fate is yet to be written, and it eagerly awaits Bitcoin’s proclamation of direction. In this mesmerising world of cryptocurrencies, where fortunes rise and fall with the flicker of a digital heartbeat, one thing remains clear: the intricate dance of Bitcoin sets the stage for its companion, Ethereum. The Rise of Meme Coins: Exploring the Allure and Potential of DogeMiyagi in the Crypto Market The general public is drawn to meme coins because of the possibility of rapid returns and the entertaining and dynamic communities surrounding them. While meme currencies lack the technological complexity and use cases of Bitcoin and Ethereum, their popularity stems from their ease of usage, low cost, and viral growth potential. The current crackdown on mainstream cryptocurrencies may have created a void that meme coins might fill, luring buyers looking for new investment possibilities. The presale of meme coins is another important factor in their success. During a market downturn, presale cryptocurrencies provide a unique opportunity for investors. These new currencies are introduced through presales or initial coin offers (ICOs), which allow investors to purchase tokens before they are available on the general market. Because market trends do not yet influence presale coins, they enable investors to enter the market at an early stage. Overall, coins, let us welcome its highness DogeMiyagi to the meme market podium! MIYAGI is one of the most recent meme currencies, and it has the potential to become the market leader. Through thorough audits, DogeMiyagi proudly emphasises its dedication to identity verification and risk assessment. Its commitment to maintaining a safe environment has won the prestigious Know Your Coin (KYC) accreditation, indicating its commitment to fostering community trust. DogeMiyagi understands the importance of community involvement and aims to establish an environment that values and benefits all members. DogeMiyagi aspires to stand out in the ever-changing world of cryptocurrencies with its unique features, attention to security and compliance, and commitment to community trust. DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi', 'A leaked document distributed to Democratic House Financial Services Committee members has revealed the “key messages” legislators were advised to keep to, which might result in practically all cryptocurrencies being classified as securities. As governments and regulatory agencies impose more robust controls on cryptocurrencies such as Bitcoin and Ethereum, investors and enthusiasts are left worrying about the potential repercussions. One fascinating issue arises: if the price of Bitcoin (BTC) and Ethereum (ETH) tumbles, will meme currencies become more popular? Will DogeMiyagi ($MIYAGI) become the meme market leader? Furthermore, would cryptocurrencies in presale garner greater interest because they are untouched by the current market trend? The Great Crypto Cliffhanger: Bitcoin’s Precarious Position and Ethereum’s Fate in the Balance As the crypto world holds its breath, Bitcoin’s (BTC) price is perched precariously on a stable support level, making it a compelling opportunity for eager buyers to accumulate. After several failed attempts to break free and soar to new heights, BTC is back at the notorious $27,000 barrier, like a stubborn explorer refusing to surrender to the depths. Oh, the drama! After seven days of relentless selling, Bitcoin’s price has finally taken a break from the madness, settling down for a cosy consolidation around the familiar $27,000 support level. It’s like the calm after a stormy affair, where BTC is catching its breath, unsure of its following path. Will it sweep Monday’s low at $26,694, teasing us with a swift recovery and reclaiming its support level throne? Or will it succumb to the temptation of becoming a resistance barrier, shattering our bullish dreams and potentially triggering a merciless correction to $25,290 and $23,905 levels? The plot thickens. Meanwhile, our beloved Ethereum (ETH) has been busy cooking up some technical mischief. Picture this: a bearish divergence sells signal on the daily chart, unfolding its treacherous formation between January 14 and May 13, leaving unsuspecting investors in disbelief. Story continues Like a magician revealing their trickery, this wicked move sent ETH on a 17% freefall, leaving it gasping for air at the measly $1,735 mark. But fear not! Hope lies in the mystical realm of critical support floors, and ETH’s saviour awaits at the sacred $1,705 level. If it can summon the strength to bounce back from this abyss, a glimmer of light might shine through, guiding it on a heroic journey towards the superb $2,028 destination. But patience, dear investors, patience! Remember, the tale of Ethereum’s fate is yet to be written, and it eagerly awaits Bitcoin’s proclamation of direction. In this mesmerising world of cryptocurrencies, where fortunes rise and fall with the flicker of a digital heartbeat, one thing remains clear: the intricate dance of Bitcoin sets the stage for its companion, Ethereum. The Rise of Meme Coins: Exploring the Allure and Potential of DogeMiyagi in the Crypto Market The general public is drawn to meme coins because of the possibility of rapid returns and the entertaining and dynamic communities surrounding them. While meme currencies lack the technological complexity and use cases of Bitcoin and Ethereum, their popularity stems from their ease of usage, low cost, and viral growth potential. The current crackdown on mainstream cryptocurrencies may have created a void that meme coins might fill, luring buyers looking for new investment possibilities. The presale of meme coins is another important factor in their success. During a market downturn, presale cryptocurrencies provide a unique opportunity for investors. These new currencies are introduced through presales or initial coin offers (ICOs), which allow investors to purchase tokens before they are available on the general market. Because market trends do not yet influence presale coins, they enable investors to enter the market at an early stage. Overall, coins, let us welcome its highness DogeMiyagi to the meme market podium! MIYAGI is one of the most recent meme currencies, and it has the potential to become the market leader. Through thorough audits, DogeMiyagi proudly emphasises its dedication to identity verification and risk assessment. Its commitment to maintaining a safe environment has won the prestigious Know Your Coin (KYC) accreditation, indicating its commitment to fostering community trust. DogeMiyagi understands the importance of community involvement and aims to establish an environment that values and benefits all members. DogeMiyagi aspires to stand out in the ever-changing world of cryptocurrencies with its unique features, attention to security and compliance, and commitment to community trust. DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi', 'Is Monero better than Bitcoin? It is a question that has been asked since it was discovered that Moner mining can be much easier and more rewarding than Bitcoin. And this week Monero (XMR) has tested the truth of that assumption. As it displayed relatively uncommon stability, does that mean that Monero will surpass Bitcoin? Another question that people have been asking for a while is “What is the next big thing in crypto?” and we might be closer to the answers than we know. Big Eyes Coin (BIG) ends its presale on June 3rd and celebrates that by offering tokens at a vastly discounted price for the remainder of the presale. Monero Rises 0.47%: Is It Better Than Bitcoin? Big Eyes Coin About To Pounce On The Market Bitcoin’s Price Fluctuates Monero Rises 0.47%: Is it Better than Bitcoin? Monero (XMR) became famous for providing private transactions to its users, and for being easier to mine than Bitcoin or Ethereum. By using an algorithm that enables Monero mining on a relatively less-advantaged computer, it has prompted some to ask: is Monero better than Bitcoin? Monero’s XMR has exhibited relatively low volatility compared to the overall cryptocurrency market. On Monday, it saw a modest increase of 0.47% to reach $153.8. InvestorsObserver assigns Monero a Volatility Rank of 14, indicating its low volatility compared to other cryptocurrencies. This places Monero in the bottom 14% of cryptos in terms of volatility. The low volatility ranking suggests that Monero’s price experiences narrower swings and is less susceptible to manipulation. Currently, Monero’s price is trading near resistance levels, with support at around $152.44 and resistance at approximately $153.94. This may indicate potential selling pressures ahead as the coin may be reaching an overextended state. Big Eyes Coin About To Pounce On The Market Big Eyes Coin’s community has carried it through 13 stages of presale, and now the end is almost upon us, as the end of the presale has been given a date; June 3rd. The official launch will follow soon after on June 15th, but for the remainder of this final month, the presale price will be cut down to $0.00017 which was the price during stage 3. Story continues By selling its token at a fraction of a cent, Big Eyes Coin has confirmed its dedication to its community and its gratitude for its support. Now, we can look forward to the launch of BIG’s casino and its NFT collection. The Casino will allow holders to play P2E games using their $BIG as currency and betting chips. And the NFT collection will act as an owners’ club by providing members with exclusive events, content, and opportunities. Big Eyes Coin has announced that it will allocate 5% of its token supply to a charity wallet dedicated to donating to charities that are saving the oceans, forests, and animals. Bitcoin’s Price Fluctuates Bitcoin (BTC) recently broke the $27,200 level, sparking speculation about its future price. Hedge fund manager Paul Tudor Jones expressed concerns about Bitcoin’s regulatory challenges and diminished positive outlook due to lower inflation expectations. CoinShares reported four weeks of outflows from crypto investment funds, primarily in Bitcoin-related products, indicating negative sentiment. The US dollar gained traction ahead of the US Debt Ceiling Talks and the release of retail sales data. Bitcoin’s technical indicators suggest a potential bullish rebound if it maintains support above $26,800, targeting $27,800 or $27,500. The answer to the first question we asked was “Is Monero better than Bitcoin?” may not be so easy to agree upon, and neither is the answer to the second question “What is the next big thing in crypto?” but we can make educated guesses on both of them. Monero mining does not require much computational power which has helped raise its price significantly. And with the end of Big Eyes Coin’s presale, things in the crypto world might soon change, since we will be finally able to witness its potential in effect. Big Eyes Coin (BIG) Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL Instagram: https://www.instagram.com/BigEyesCoin/ Twitter: https://twitter.com/BigEyesCoin', 'Is Monero better than Bitcoin? It is a question that has been asked since it was discovered that Moner mining can be much easier and more rewarding than Bitcoin. And this week Monero (XMR) has tested the truth of that assumption. As it displayed relatively uncommon stability, does that mean that Monero will surpass Bitcoin? Another question that people have been asking for a while is “What is the next big thing in crypto?” and we might be closer to the answers than we know. Big Eyes Coin (BIG) ends its presale on June 3rd and celebrates that by offering tokens at a vastly discounted price for the remainder of the presale. Monero Rises 0.47%: Is It Better Than Bitcoin? Big Eyes Coin About To Pounce On The Market Bitcoin’s Price Fluctuates Monero Rises 0.47%: Is it Better than Bitcoin? Monero (XMR) became famous for providing private transactions to its users, and for being easier to mine than Bitcoin or Ethereum. By using an algorithm that enables Monero mining on a relatively less-advantaged computer, it has prompted some to ask: is Monero better than Bitcoin? Monero’s XMR has exhibited relatively low volatility compared to the overall cryptocurrency market. On Monday, it saw a modest increase of 0.47% to reach $153.8. InvestorsObserver assigns Monero a Volatility Rank of 14, indicating its low volatility compared to other cryptocurrencies. This places Monero in the bottom 14% of cryptos in terms of volatility. The low volatility ranking suggests that Monero’s price experiences narrower swings and is less susceptible to manipulation. Currently, Monero’s price is trading near resistance levels, with support at around $152.44 and resistance at approximately $153.94. This may indicate potential selling pressures ahead as the coin may be reaching an overextended state. Big Eyes Coin About To Pounce On The Market Big Eyes Coin’s community has carried it through 13 stages of presale, and now the end is almost upon us, as the end of the presale has been given a date; June 3rd. The official launch will follow soon after on June 15th, but for the remainder of this final month, the presale price will be cut down to $0.00017 which was the price during stage 3. Story continues By selling its token at a fraction of a cent, Big Eyes Coin has confirmed its dedication to its community and its gratitude for its support. Now, we can look forward to the launch of BIG’s casino and its NFT collection. The Casino will allow holders to play P2E games using their $BIG as currency and betting chips. And the NFT collection will act as an owners’ club by providing members with exclusive events, content, and opportunities. Big Eyes Coin has announced that it will allocate 5% of its token supply to a charity wallet dedicated to donating to charities that are saving the oceans, forests, and animals. Bitcoin’s Price Fluctuates Bitcoin (BTC) recently broke the $27,200 level, sparking speculation about its future price. Hedge fund manager Paul Tudor Jones expressed concerns about Bitcoin’s regulatory challenges and diminished positive outlook due to lower inflation expectations. CoinShares reported four weeks of outflows from crypto investment funds, primarily in Bitcoin-related products, indicating negative sentiment. The US dollar gained traction ahead of the US Debt Ceiling Talks and the release of retail sales data. Bitcoin’s technical indicators suggest a potential bullish rebound if it maintains support above $26,800, targeting $27,800 or $27,500. The answer to the first question we asked was “Is Monero better than Bitcoin?” may not be so easy to agree upon, and neither is the answer to the second question “What is the next big thing in crypto?” but we can make educated guesses on both of them. Monero mining does not require much computational power which has helped raise its price significantly. And with the end of Big Eyes Coin’s presale, things in the crypto world might soon change, since we will be finally able to witness its potential in effect. Big Eyes Coin (BIG) Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL Instagram: https://www.instagram.com/BigEyesCoin/ Twitter: https://twitter.com/BigEyesCoin', 'Is Monero better than Bitcoin? It is a question that has been asked since it was discovered that Moner mining can be much easier and more rewarding than Bitcoin. And this week Monero (XMR) has tested the truth of that assumption. As it displayed relatively uncommon stability, does that mean that Monero will surpass Bitcoin? Another question that people have been asking for a while is “What is the next big thing in crypto?” and we might be closer to the answers than we know. Big Eyes Coin (BIG) ends its presale on June 3rd and celebrates that by offering tokens at a vastly discounted price for the remainder of the presale. Monero Rises 0.47%: Is It Better Than Bitcoin? Big Eyes Coin About To Pounce On The Market Bitcoin’s Price Fluctuates Monero Rises 0.47%: Is it Better than Bitcoin? Monero (XMR) became famous for providing private transactions to its users, and for being easier to mine than Bitcoin or Ethereum. By using an algorithm that enables Monero mining on a relatively less-advantaged computer, it has prompted some to ask: is Monero better than Bitcoin? Monero’s XMR has exhibited relatively low volatility compared to the overall cryptocurrency m Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,146,415,131 - Hash Rate: 371932494.8664721 - Transaction Count: 486625.0 - Unique Addresses: 542208.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Tom Wilson and Vidya Ranganathan (Reuters) -Digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset. As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe. Tether is already the top performer among stablecoins -- digital tokens pegged to some fiat asset like the dollar -- and has seen its market value soar since March. Its value is anchored by a 1-to-1 peg against a cache of dollars and a supply cap at around 85 billion tokens. Demand for the coin has been so strong that its peg has held above 1 since mid-April, hitting 1.002 last week. "The banking crisis is fuelling 'hyper-bitcoinisation' - the inevitable endgame that the dollar will be worthless," said Anders Kvamme Jensen, Oslo-based founder of the AKJ global brokerage and digital asset specialist. That has spurred a flight to top cryptocurrencies such as bitcoin and ether, Jensen said. Pegged stablecoins such as tether, meanwhile, are seen more as a store of value and as a tool to facilitate transfers between cryptocurrencies and also serve as collateral for derivative trades. Conor Ryder, research analyst at digital assets data provider Kaiko, says tether's premium reflects emerging trust in both the peg and in its perceived safety from the U.S. Securities and Exchange Commission (SEC). Tether is owned by iFinex Inc, a company registered in British Virgin Islands which also owns the Bitfinex cryptocurrency exchange. Tether's main rival USDC, managed by Boston-based Circle, has been hurt by the revelation of its exposure to collapsed Silicon Valley Bank and the SEC's scrutiny of fintech and crypto firms. Another major stablecoin, BUSD, or the Binance USD token, has seen a decline since its developers said they would cease issuing new tokens after U.S. regulators labelled the asset an unregistered security. Story continues The DAI token has been bogged down because of its unusual peg to reserves that include other stablecoins and crypto currencies. "Tether is seen as less U.S.-oriented, meaning lower regulatory risk. Buying tether and bitcoin is really a vote against the U.S. system," says Jensen. On CoinMarketCap's database of 23,891 tokens, tether has risen to number 3 with a market cap of $82 bln and a share of 6.83%. NO NEWS IS GOOD NEWS To be sure, tether has long been dogged by doubts about its peg being backed by dollar reserves. All stablecoins were hurt last year during a series of events such as the collapse of crypto hedge fund Three Arrows Capital, which followed the de-pegging of Terra USD and the failure of crypto exchange FTX. "The interesting paradox here is that tether has become the industry's most trusted stablecoin," says Ryder. "Tether's safe haven status differs from bitcoin in that it is providing a safe peg to $1, one of the only stablecoins in the space that can make that claim at the minute. Bitcoin on the other hand is seen as a safe haven from monetary debasement as a form of money that is 'outside' the banking system." Bitcoin too has rallied some 73% this year, after hitting resistance around $31,000 last month. (Editing by Sam Holmes)... - Reddit Posts (Sample): [['u/rumi1000', 'First time visitor', 32, '2023-05-21 00:12', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/', "Hello,\n\nI got into bitcoin after the fork in 2017 and have never paid much attention to bitcoin cash except thinking its a scam, its centralized, etc..\n\nNow that I'm more interested in Monero and no longer a maxi I though I'd take a look here as well with an open mind.\n\nWhere should I start?", 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/', '13nar9f', [['u/knowbodynows', 20, '2023-05-21 00:20', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyhpzq/', 'This may be too elementary for you, but it is a place to start.\nhttps://whybitcoincash.com/\n\nYou will find that you can ask anything here, but the more specific your question the more satisfyingly detailed will be the answer that returns.', '13nar9f'], ['u/rumi1000', 10, '2023-05-21 00:32', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyj5c1/', "I run Bitcoin and Monero nodes and I am already convinced of the need of uncensorable and untraceable digital cash / gold. \n\nMy question is why Bitcoin Cash is better as digital cash than monero and why is it better than Bitcoin as 'digital gold'\n\nAlso, what is the blockchain size, how fast does it grow per year, how many nodes are there, can you run a node behind Tor?", '13nar9f'], ['u/LordIgorBogdanoff', 17, '2023-05-21 01:36', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyr2u8/', "'Digital Gold' is a nonsense narrative. It's just propped up by Tether, and they're even softly admitting it now. Beyond scarcity Bitcoin and Gold have little in common.\n\nAs cash, the conversation is more nuanced. Bitcoin Cash has privacy through CashFusion, but it's inferior to Monero iirc.\n\nOn the other hand, it is superior to Monero in terms of scalability (and BTC as well, by a vast margin) with lower fees and faster transaction times\n\nTLDR\nPrivacy: Monero > BCH > BTC\n\nScalability: BCH > Monero > BTC", '13nar9f'], ['u/LordIgorBogdanoff', 13, '2023-05-21 01:41', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyrrnv/', 'I should also note, putting on my tinfoil hat, BCH is the most shorted coin alongside Monero, and exchanges have run out of both.\n\nTPTB do not like either coin.', '13nar9f'], ['u/Shibinator', 13, '2023-05-21 05:28', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkziz84/', "Welcome!\n\nhttps://bitcoincashpodcast.com/start\n\nhttps://bitcoincashpodcast.com/faqs\n\nI'm sure a lot of this will make sense if you have an open mind.", '13nar9f'], ['u/Shibinator', 20, '2023-05-21 05:30', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkzj3si/', "> My question is why Bitcoin Cash is better as digital cash than monero\n\nhttps://bitcoincashpodcast.com/faqs/Cryptocurrency/what-about-monero-xmr\n\n> and why is it better than Bitcoin as 'digital gold'\n\nhttps://bitcoincashpodcast.com/faqs/BCH/why-bitcoin-cash\n\nhttps://bitcoincashpodcast.com/faqs/BCH-vs-BTC/whats-wrong-with-bitcoin-btc\n\n> what is the blockchain size, \n\nCurrently 188 GB.\n\n> how fast does it grow per year, \n\nNot that fast, BCH traffic is relatively low at the moment, about 100kb / block average. Hopefully we can greatly increase that though as the community gains momentum. So far slower than BTC at the moment.\n\n> how many nodes are there, \n\nAround 750-1000 usually, depends who you ask though.\n\nhttps://blockchair.com/bitcoin-cash\n\n> can you run a node behind Tor?\n\nI assume yes, it's the same as any other crypto.", '13nar9f']]], ['u/surfer167', 'How to buy XRP?', 21, '2023-05-21 02:29', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/', 'Hey everyone, I’ve been observing from a far on all crypto but I can see the implementation of XRP and global digital payments (CBDC’s) being used in the near future. I want to know how to actually buy into XRP, I have a Coinbase account with some Bitcoin and ETH but obviously it’s not listed on there. Let me know what is the best place to buy XRP. I’m open to any advice and mentorship as well. I want to be able to build generational wealth as the economy shifts and wages against this economical revolution! \nThanks - $', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/', '13ndtgk', [['u/AnonAzy2', 18, '2023-05-21 02:32', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkyxsoq/', 'KuCoin this has been ask 1billions time search the forum next time my friend good luck', '13ndtgk'], ['u/MAH654', 21, '2023-05-21 02:34', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkyy1k2/', 'I bought mine on Uphold. That is or at least was, the only place you could buy it if you were US based. I know people were getting ripped off on Lobstr. There are sites that try to catch people with fake ones or closely sounding wording to fool newbies. I’d just stick to uphold. I have had no issues.', '13ndtgk'], ['u/surfer167', 12, '2023-05-21 03:01', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkz1bwa/', 'Well what can we do about it? Might as well make a pretty penny or am I wrong? Wouldn’t that be the smart investment', '13ndtgk'], ['u/Ant_Swagna', 11, '2023-05-21 03:24', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkz4643/', 'Uphold, KuCoin, and MEXC is what I recommend. I use all three personally and actively trade several days a week using KuCoin and MEXC. MEXC is my favorite for using leverage to either short or long digital assets. All three platforms I listed are easy for sending your XRP to your cold storage wallet such as a Trezor or Ledger. Buy it while you can for the cheap. Under $1 is a blessing…. This will hit $100 easily, then eventually $500+. Don’t make the biggest mistake of your financial life and not snag a big bag. Every 10,000 XRP = $1,000,000 when XRP hits $100. So snag at-least 50,000 XRP to solidify your future!', '13ndtgk'], ['u/neily50', 17, '2023-05-21 03:36', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkz5jdh/', 'Your government are corrupt as fuck… leave the 🇺🇸 USA. Thieving scum.', '13ndtgk']]], ['u/Mojo-ManVixen', 'NBA Topshop Retirement Portfolio', 16, '2023-05-21 03:51', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/', 'Which NBA Topshot cards should I invest in to secure a lucrative retirement portfolio? With Bitcoin projected to be over $1M a coin in 10 years, I wonder whether I should just put all my money various crypto or spend all my disposable income on Topshots. Thanks!', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/', '13nfkrj', [['u/mattw08', 13, '2023-05-21 04:04', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jkz8xuw/', 'Do you want to retire or work forever?', '13nfkrj'], ['u/Full-Description-291', 70, '2023-05-21 04:05', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jkz90bq/', 'How about you just give me all your money. That way you still lose everything, but at least you help someone else in the process.\n\nWant to save for retirement? Get an IRA, put your money in an index fund, you absolute muppet. Only gamble on speculative investments with speculative money.', '13nfkrj'], ['u/Bboy1830', 26, '2023-05-21 04:05', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jkz90za/', 'Bruce Brown', '13nfkrj'], ['u/HumanNumberFour', 10, '2023-05-21 14:53', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jl0u7a5/', 'Lol this has to be a troll post.', '13nfkrj']]], ['u/SoftRelease3955', 'Simple way to explain why bitcoin can’t be hacked.', 16, '2023-05-21 03:54', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/', 'Was having a fire with my brother in law this evening and was trying to explain the concept of Bitcoin. He kept saying it’s inevitable AI and super computers will be able to disrupt the network or recover your private key. I tried my hardest to give him a explanation but I feel like it was half ass. Would you guys be able to help fabricate a simple explanation you could give a none bitcoiner why this wouldn’t be possible. Thanks', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/', '13nfmko', [['u/The-Francois8', 10, '2023-05-21 04:06', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkz96jj/', 'Simplest answer is because if it could be done, someone would have already done it.', '13nfmko'], ['u/castorfromtheva', 12, '2023-05-21 04:19', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzaryn/', 'Don\'t start offering bitcoin as a solution when your audience doesn\'t even get that fiat is a ponzi. Other than that ignorant people don\'t deserve more than a "Have fun staying poor".\n\nExplaining tech would here just be a waste of time for you. His arguments show he believes a lot. And knows a little.', '13nfmko'], ['u/Top-Dragonfruit-8199', 24, '2023-05-21 04:21', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzayns/', '“Brute force attacks against 256-bit encryption will be infeasible until computers are built from something other than matter and occupy something other than space.”\n\n1) AI and quantum computing be damned, it’s effectively impossible for sha-256 to be cracked\n\n2) if humans think it will be, there’s nothing that says BTC can’t move to 512-bit encryption, and so on', '13nfmko'], ['u/IIIIIIllllllll0', 35, '2023-05-21 05:34', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzjloj/', 'By the same logic his bank account and stock brokerage account would be stolen by the ai too wouldnt it?', '13nfmko'], ['u/Superb_Procedure_92', 13, '2023-05-21 06:01', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzme8a/', 'Exactly. All other forms of banking will be much more vulnerable', '13nfmko'], ['u/uclatommy', 32, '2023-05-21 06:43', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzqj3l/', "Dude, he used AI in his argument. Just ask chatGPT to explain it to him why bitcoin can't be hacked.", '13nfmko'], ['u/[deleted]', 17, '2023-05-21 07:47', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzwbpu/', 'I actually did this invariantly. I picked 24 unique words from BIP39 library and asked chat gpt to produce me a list of every possible combination of permutations. \nChat GPT responded saying there isn’t enough computational power to solve this. \n\nChat GPT and I went back in forth debating. I asked it for other references do help me grasp the scaling in permutations produced from a 24 word seed phrase. \n\nI asked chat gpt how much storage data it would need if all combinations were written in plain txt. Chat gpt responded saying, there is not enough storage space even combining all current storage that exists. \n\nI asked it to describe it in grains of sand , then I asked it if those grains of sand were stacked one in front of the other how many kilometres would that be, then I asked it home many times would that distance go around the earth , \n\nChat gpt said if you put grains of sand one in front of the other it would wrap around the earth 449 million times. \n\nThat’s how many potential combinations there are. \n\nOn top of that there are so many nodes now the compute power that would be needed to surpass 50% and over rise the blockchain record is nearly incomprehensible at this point. The bitcoin blockchain is the most secure data set ever created', '13nfmko']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, May 21, 2023', 26, '2023-05-21 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/', '13ni97d', [['u/bittabet', 28, '2023-05-21 08:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jkzydx7/', 'Not trading talk but I’ve been drinking and damn…seeing the bitcoin conference in person got me fucking emotional about how incredibly far we’ve come. Did you EVER really think we’d be seeing a Kennedy proclaiming his belief in Bitcoin publicly? To have multiple US Senators show up? To have a well known former congressman announce that he’s literally just working to advocate for Bitcoin now? To have multiple billionaires come and talk about how they’re still buying. To have Shell there to sell immersion cooling fluid to miners.\n\nCompletely fucking blows my mind how far we’ve gotten and I simultaneously feel immense nostalgia and just gratitude that Satoshi did what they did. Some days I have been filled with immense self doubt about whether I’ve lost my mind becoming a laser eyed lunatic but then when you see this shit with your own eyes you realize that we’re an immense army of laser eyed lunatics now and the people like Senator Pocahontas who think they can just push ahead trash legislation to kill Bitcoin haven’t comprehended what the fuck they’re up against now.\n\nMore have seen and more will see. \n\nAlso, fuck the shitcoins 😂 Ain’t no fucking presidential candidates pandering for the shitcoiner vote because shitcoins aren’t about human freedom.', '13ni97d'], ['u/anon-187101', 18, '2023-05-21 08:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl001xj/', "I really hope the US Government doesn't fucking rug me on May 30th when my Treasury Bills are set to mature...\n\n...the irony alone would be brutally painful.\n\n---\nAs an aside, it struck me that repubs threatening default is akin to threatening to sink the boat you're on if the Captain doesn't change course, just because you think you see an ominous cloud pattern on the horizon.\n\n(Granted, the threats have nothing to do with the weather, and everything to do with what they see as their share of the cargo below deck.)\n\nJust insane at best, ruthless malevolence at worst.", '13ni97d'], ['u/anon-187101', 13, '2023-05-21 09:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl030zl/', 'I\'m really beginning to loathe "people" as a collective\n\nindividuals can be amazing, but the average "group of people" is just terrible, isn\'t it? and repubs are the fucking worst, horrible humans the lot of em\n\n:/', '13ni97d'], ['u/jarederaj', 20, '2023-05-21 10:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl07e62/', 'This comment is edging with politics. It’s relevant, but we really want to keep the toxic red/blue team stuff out of here… even if red/blue are doing everything they possibly can to make bitcoin globally dominant. (by sinking the ship over stupid shit)\n\nWorst thing about the bitcoin cycle is how tied together it is with the political calendar. Would be nice if we can make this a refuge from that this cycle.', '13ni97d'], ['u/Downtown-Ad-4117', 12, '2023-05-21 11:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0bz0p/', 'I recommend daily cardio exercise. If your mood doesn’t improve, at least you’ll be fit as fuck.', '13ni97d'], ['u/Yodel_And_Hodl_Mode', 14, '2023-05-21 12:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0ghf0/', "> seeing the bitcoin conference in person got me fucking emotional about how incredibly far we’ve come.\n\nWatching video from the conference got me emotional thinking about how early we still are... and though that's frustrating, it's also so unbelievably amazing.\n\nI watched some of the Strike presentation, and I've been thinking about how what we need the most is two things:\n\n1: ON-RAMPS. Good lord, it's 2023 and it takes layers upon layers to get money in and out. For example, I'm currently getting my purchases declined on Coinbase even though I've been buying there for years with the exact same bank account, and there's money in my bank account. I called my bank. They called Visa. Neither has declined any transactions. Madness.\n\nGetting fiat into Bitcoin needs to be easier.\n\n2: SELF-CUSTODY. It's still ridiculously stupidly complicated. Ledger made it easy, but they burned their reputation to the ground by adding the ability to extract keys into their firmware even though they swore they would never do that. WHUT?!?\n\n> yes a firmware update can extract the seed\n\n> [SOURCE](https://np.reddit.com/r/CryptoCurrency/comments/13ldgcl/my_personal_view_on_the_pr_disaster_from_a_ledger/jkpnk2h/): murzika, Ledger Co-Founder, Former CEO, and Former Chairman\n\nAnd since their code isn't open source:\n\n> There's no backdoor and I obviously can't prove it\n\n> SOURCE: [--btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/)\n\nMeanwhile, other open source wallets can't even figure out how to set up the freaking BIP39 spec. Trezor, OneKey, KeepKey, Blockstream Jade, etc. They all use BIP39 but they don't save the BIP39 passphrase on the device, which means you have to enter the passphrase each time you turn on the device, which discourages users from using a proper length passphrase, which defeats the freaking purpose. Keystone might have this issue too?\n\nDamn.\n\nI love Bitcoin, but I feel like it's still the mid 1990s sometimes.\n\nIn 1996, I got a job at a company on the other side of the country. I was so excited. I found a local radio station there that streamed online, which was a big deal in '96. Anyway... my computer froze while running the RealAudio software to stream the station, but the stream kept playing... so I left it going, for hours, and I just laughed at the absurdity of listening to a station in the city I'll be moving to on a frozen PC.\n\nI feel like crypto is still that primitive now. Good grief. Most hardware wallets are janky junk hardware. My microwave has a better display than my Ledger. Better buttons too. Come on.\n\nWe need currency on ramps and we need self custody solutions that aren't a joke without a punchline.\n\nBitcoin is fantastic.\n\nIf only people had proper access to it.\n\nIf only people had decent hardware to secure it.\n\nAs long as I'm on a roll, here's the hardware I want: I want a device that does BIP85. Dammit. I want a fingerprint scanner and I want the option to set up multiple fingerprints, each assigned to a seed+passphrase derived from the first BIP39/85 mnemonic.\n\nThe Keystone Pro could easily be that device, but it's held back by software that even its users don't seem to know how to use.", '13ni97d'], ['u/GenghisKhanSpermShot', 11, '2023-05-21 13:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0mcnm/', 'Both sides are owned by the same masters pretty evenly. https://www.opensecrets.org/elections-overview.', '13ni97d'], ['u/diydude2', 11, '2023-05-21 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0pga5/', "Why would a default cause a drop in the price of Bitcoin as measured in dollars? Do you seriously think people would be scrambling to sell BTC and obtain dollars in that case?\n\nI'm genuinely interested in hearing your reasoning.", '13ni97d'], ['u/logicalinvestr', 15, '2023-05-21 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0v0fd/', "If we default, everything will immediately tank. All markets, including crypto. \n\nThere will be mass panic and a lot of companies will have serious problems. People will get laid off. Companies and banks will fail. Yes, people will sell their Bitcoin and a lot of other investments. Not because they want fiat, but because they have to pay bills and have no income. They'll also want to buy guns, food, and other supplies using fiat. There's a domino effect.", '13ni97d'], ['u/delgrey', 17, '2023-05-21 15:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0yugh/', 'Biden: "I\'m not going to agree to a deal that protects wealthy tax cheats and crypto traders"\n\nBiden really said that. We\'re now on the same level as tax cheats.', '13ni97d'], ['u/dopeboyrico', 14, '2023-05-21 15:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl11djh/', 'If they allow default to occur and opt to raise the debt ceiling after to fix the severe negative repercussions of default, they’ll need to raise the debt ceiling much higher than if they would have just raised the debt ceiling to begin with.', '13ni97d'], ['u/anon-187101', 10, '2023-05-21 18:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl1p5et/', 'The wash sale rule should apply to "crypto", because all of that bullshit are securities. It should not apply to bitcoin, because BTC is very clearly a commodity (and probably also a "foreign currency").\n\nThe proposed 30% excise tax on bitcoin mining is absolute horseshit (not differentiating between sources of energy production and the right to consume as much energy as one wants in any way if he/she has paid for it is insane), and a glaring example of a government overreaching big time, trying to pick winners/losers across industries.', '13ni97d'], ['u/GenghisKhanSpermShot', 11, '2023-05-21 18:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl1pt30/', "He doesn't know where he's at, he's probably just reading talking points from bankers. Pretty impressive the last two presidents have mentioned Bitcoin, means we're onto something.", '13ni97d']]], ['u/MakerOfMillionaires', '[Draw #90] Picking a winner, then getting some dinner!', 207, '2023-05-21 06:28', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/', "#I hope everyone’s enjoying their weekend, there’s a lot of fun stuff to do!\n\n*\n\nTL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [[Entry Thread]](https://www.reddit.com/r/millionairemakers/comments/13maoqd/entry_thread_90_whether_youre_striking_villains/), you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.\n\nAdditionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.\n\nImportantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.\n\n\n\nDISCLAIMER:* Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.\n\n*\n\nDiscussion:\n\nThe [Discussion] Thread at /r/millionairemakersmeta is open. The thread also includes dates with RemindMe links for any upcoming [Entry Thread] posts of the season. All comments are welcome there for any inquiries.\n\n[Discussion for Winter and Spring 2023]: https://reddit.com/r/millionairemakersmeta/comments/zowh3x/discussion_thread_for_rmillionairemakers/\n\n\n\nExplanation:\n\nThe Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3^rd Block* after the time (being 16:00 UTC) to select the winner.\n\nIf a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it is discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.\n\nYou can see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.\n\n*\n\nStandard Protocol:*\n\nThis post will not be edited!* This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.\n\nTo verify if a hash for a file is that of Draw #90, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.\n\nIf you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: Draws/MM90\n\n*\n\nStatus Reports:\n\n/u/MakerOfMillionaires will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.\n\nIf you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.\n\n\n\nInformation Used For Draw #90:\n\n GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/master/Draws/MM90\n\n SHA-256 of Comment IDs: 354c77317a3614a3c7e1adfdd3fd2733e67ac46d5ed335780b8bde5583954388\n SHA-256 of DQed Age: d7916fe08e5a2e609acb64337af4c8ac1b39850dfebb51d246ce10b08d1b388a\n SHA-256 of Multiple Posters: 17bd6500c407741d76f5e7ba0f4253d001fc98d3f408dc39421229ad609b628d\n SHA-256 of Truncated IDs: 7aef6ef0ad9d399843e2cffcb4aaf54ced6e6041656945a18ae74fb1100a0eaf\n\n Block Selection: The Third Bitcoin Block After 21 May 2023 - 16:00:00 UTC\n Total Participants: 4870", 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/', '13nisrk', [['u/the_timezone_bot', 24, '2023-05-21 06:28', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jkzp2qd/', "1:00 PM ET happens when this comment is 12 hours and 31 minutes old.\n\nYou can find the live countdown here: https://countle.com/RgfVZhbiF\n\n---\n\nI'm a bot, if you want to send feedback, please comment below or send a PM.", '13nisrk'], ['u/midnight_squash', 10, '2023-05-21 06:29', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jkzp6j9/', 'Hi I love you all', '13nisrk'], ['u/falseconscious', 11, '2023-05-21 06:35', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jkzpsej/', 'Let’s gooooooo i got spare dollahs for the winnah', '13nisrk'], ['u/IveGotBallsOfSteel', 36, '2023-05-21 21:23', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jl2c1hh/', "Is this for real!? I'm freaking out a little bit right now.", '13nisrk']]], ['u/boato11', 'the bitcoin 2023 conference was disappointing', 15, '2023-05-21 07:22', 'https://www.reddit.com/r/Bitcoin/comments/13njuip/the_bitcoin_2023_conference_was_disappointing/', 'I haven\'t seen a single bitcoin improvement or innovation. Just people repeating the same old stuff.\n\nThe last panel gave us the idiot Matt Odell who has Adam Back next to him and instead of asking interesting questions about simplicity or privacy asks "do you think it\'s going to go up", "bitcoin is scarce uh?".\n\nWhat a disappointment.', 'https://www.reddit.com/r/Bitcoin/comments/13njuip/the_bitcoin_2023_conference_was_disappointing/', '13njuip', [['u/boato11', 12, '2023-05-21 07:32', 'https://www.reddit.com/r/Bitcoin/comments/13njuip/the_bitcoin_2023_conference_was_disappointing/jkzv1m0/', 'Toilets have had a lot of improvements. Check out "japanese toilet".\n\nPlus, even if you have nothing new to announce at least talk about important topics instead of repeating the old stuff over and over again.', '13njuip']]], ['u/Illustrious-Cycle708', 'In honor of Sammi Sweetheart', 229, '2023-05-21 07:54', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/', 'So I’ve been rewatching OG and the more I watch the more I realize there is NO ONE funnier than Sam without trying. Therefore, in honor of her returning to our screens, I decided to initiate a Reddit tribute to Sam’s unintentionally-comical quotes. \n\nHere are some great Sam moments to refresh your memory:\n\n1. Sam finds out Jenni went home with Ronnie: “Ima knock a btch up.”\n\n2. Toe-gate. Sammi calling Ronnie a stumpy bastard and Ronnie responding by laughing at her “door stopper-Fred Flintstone toe.” Which led to the most hysterically epic fallout in Jersey Shore history and gave us this gem:\n\n“That’s not a joke to me, that’s like, personal issues.”\n😩😂\n\n3. Sam in a fight with some girls, cutting deep with her insults: “You don’t even look Italian!” \n\n4. Sam hitting the wife of the crazy boardwalk man where it hurts: “Is that a fake Louis Vuitton?” \n\n…while flailing about her own fake Chanel bag. \n\n5. RAWN STAHP\n\nThis is only a few episodes into season 1 OG. What are some of your favorite Sammi quotes from any of the seasons?', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/', '13nkga3', [['u/ApplesToApricots', 79, '2023-05-21 12:40', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0hz7b/', 'oop there goes my kuka, out everywhere', '13nkga3'], ['u/lovelxy74', 217, '2023-05-21 13:38', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0msca/', "It's funny how people become pussies all of a sudden", '13nkga3'], ['u/BashSomeNerds', 53, '2023-05-21 14:32', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0rw4a/', 'I love season 4-6 post major Ron drama Sammi, where we get to see her enjoy herself. It cracks me up when and JWoww are fed up and skeeved out by the Meatballs', '13nkga3'], ['u/pookie74', 45, '2023-05-21 14:32', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0rxed/', "I'm done wit it....\nDone.", '13nkga3'], ['u/Thankyousandylou', 59, '2023-05-21 14:52', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0u1sh/', 'I always liked her. So many people hated her but i thought she added character because she is so Jersey/Italian or whatever.', '13nkga3'], ['u/mouthwash_juicebox', 147, '2023-05-21 15:03', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0v9n2/', 'Who wrote the note? Yous two!', '13nkga3'], ['u/r00giebeara', 382, '2023-05-21 15:07', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0vq95/', "I actually like Paula. She might be dirty, grimy, and disgusting but she's just a nice girl.", '13nkga3'], ['u/Acrobatic-Zombie-453', 194, '2023-05-21 15:17', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0wvxt/', 'What are these? Some kind of weird strawberries?', '13nkga3'], ['u/Illustrious-Cycle708', 54, '2023-05-21 15:34', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0yxxb/', 'Omg she didn’t know what raspberries were! Wtf lol', '13nkga3'], ['u/mivida824', 92, '2023-05-21 15:58', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl11wn1/', 'I remember reading that she was actually really funny, but they didn’t really show that side of her on the show. But you see glimpses of it for sure.. “Deena, are you lesbian?!”', '13nkga3'], ['u/Responsible-Help-424', 142, '2023-05-21 16:00', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1273k/', '“C’mon she looked like a fking rodent!” - Sammi comforting Snooki, after Vinny brings home a girl to smash. (S3 ep10)', '13nkga3'], ['u/Background_Cell2760', 21, '2023-05-21 16:04', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl12q0y/', '“PUSSIES?”', '13nkga3'], ['u/pghjuice412', 189, '2023-05-21 16:05', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl12s2o/', '“Hey we’re going to Ryders birthday!” \n\nI DONT GIVE A FUCK! ARE YOU FRIENDS WITH HER?!', '13nkga3'], ['u/Illustrious-Cycle708', 25, '2023-05-21 16:05', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl12ufa/', 'This is the only way I want to be comforted 😂', '13nkga3'], ['u/boujeedollface', 78, '2023-05-21 16:09', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl13drn/', 'after her season 5 club fight:\n “you don’t pull my newly weave that i just got” and “i was taught to self defend myself” \nsammi will always be my fav', '13nkga3'], ['u/smarttea', 16, '2023-05-21 16:22', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl15374/', 'Now I want to do re watch if all the seasons!', '13nkga3'], ['u/OFT35', 11, '2023-05-21 16:34', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl16mj3/', 'Paula was one of those girls with smelly feet that I’m attracted to', '13nkga3'], ['u/hunany', 83, '2023-05-21 16:59', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1a0zq/', '"It was me against the world! And I still held on to my clutch." Honestly, a slept-on Icon 💅', '13nkga3'], ['u/Hi-Im-Lo', 29, '2023-05-21 17:05', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1av76/', 'Sammie is referred to as “Sammie Salads” in our household because that’s all she contributes to the family dinners.', '13nkga3'], ['u/hunany', 46, '2023-05-21 17:11', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1bol8/', '"Just stay wit it. You only learn. You grow. You move on. You have to push through every situation that you\'re in." Sammi giving top tier life advice, which ended up convincing Snooki, another Icon, to stay, cementing the Fate of the Fam\n\n"Did I not like you that first night, I\'m gonna tell you honestly, no I did not like you. [Later, I saw a different side] I don\'t know this girl, I\'m not gonna judge her." Always keeping it 100, even amidst the "pukey breath" gem\n\nShe\'s the sweetest, prissiest btch I\'ve ever FWH, all I know', '13nkga3'], ['u/zephsoph', 45, '2023-05-21 17:22', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1dc33/', 'You and your sidekick', '13nkga3'], ['u/zephsoph', 43, '2023-05-21 17:23', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1ddn0/', 'FUNNY HOW PEOPLE BECOME PUSSIES 💅💅', '13nkga3'], ['u/zephsoph', 46, '2023-05-21 17:24', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1di73/', 'ARE 👏 YAW 👏 FRANS 👏 WITHURR 👏 YES 👏 OR 👏 NAW', '13nkga3'], ['u/Reznov99', 29, '2023-05-21 17:29', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1eb8g/', 'Digital footprint', '13nkga3'], ['u/Ew_No_Thanks_', 107, '2023-05-21 17:35', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1f5dq/', 'long, stunned pause ✋🏼🤚🏼✋🏼 “goodbye”', '13nkga3'], ['u/Efficient_Cap_546', 30, '2023-05-21 17:47', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1gske/', 'That one was kind of a bully comment from her tho lol. She had no reason to say it', '13nkga3'], ['u/Illustrious-Cycle708', 13, '2023-05-21 17:54', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1hve9/', 'I love this one! 😂😂😂 #thedrama', '13nkga3'], ['u/Illustrious-Cycle708', 17, '2023-05-21 18:02', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1izao/', 'Not “self-defend myself”!! 😂😂😂 Gawd I love Sam', '13nkga3'], ['u/KtBobz', 36, '2023-05-21 18:10', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1k4dy/', 'Sammi’s talking head when Snooki brings a guy back. “Snookums shows up with a random guy…Like, honestly, like he looks decent.”\nAs if she’s surprised Snooki could pull that off …all her “compliments” are backhanded it seems lol', '13nkga3'], ['u/bam_margeras_scarf', 28, '2023-05-21 18:16', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1l1x7/', 'I\'ve been saying, "I just don\'t want your pukey breath on may." Weekly for the last 13 years . Referring to the first night snookie got wasted and Sam was acting like a total bitch and said that great line', '13nkga3'], ['u/EmotionalCelery5989', 53, '2023-05-21 18:23', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1lzt0/', 'The episode where she tells Vinny (I don’t remember the exact quote) “you’re always talking about positivity but you really are an asshole!”', '13nkga3'], ['u/beautybeans_', 27, '2023-05-21 18:40', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1ohd9/', 'First of all! Second of all!', '13nkga3'], ['u/DatMahomes', 10, '2023-05-21 18:44', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1p0f9/', '“You don’t even look Italian” episode was on a few days ago. It blows me away still to this day. Hilarious.', '13nkga3'], ['u/Stunning-Weird-2374', 20, '2023-05-21 19:12', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1t2m3/', 'When she is talking to Mike (about the Arvin situation I believe) and says “now you’re being a schemer and a scumbag”. I crack up every time and try to use it in everyday life when the situation arises 🤣🤣', '13nkga3'], ['u/labrujamisteriosa', 42, '2023-05-21 20:12', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl21rqy/', '“I don’t repeat myself twice” proceeds to repeat herself', '13nkga3'], ['u/GirlsesPillses', 58, '2023-05-21 20:28', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl245qb/', '“ Fuck you Nicole! And your fuhkin sidekick!” While holding the paper towel roll. 🤣', '13nkga3'], ['u/mivida824', 16, '2023-05-21 20:35', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl251s4/', 'During a recent rewatch (it might have been the extended scene), I noticed that during this argument, she did the “jack off” motion and told them something like fuck off.. anyways, it was hilarious.', '13nkga3'], ['u/zephsoph', 30, '2023-05-21 21:11', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2ad8d/', 'Tbf calling 2009 JWoww a pussy is a bold ass move', '13nkga3'], ['u/pbake01', 40, '2023-05-21 21:24', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2c62x/', 'Not a quote, but in the taxi in Italy when Deena is fucking smashed and she’s just talking gibberish and making noise. The camera pans to Sammi’s face who just deadpan nods in an agreeing motion. I die laughing every time.', '13nkga3'], ['u/Longjumping_Staff_71', 51, '2023-05-21 21:24', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2c6gs/', 'she’s always so out of pocket for no reason and it’s so funny', '13nkga3'], ['u/dfmoti', 11, '2023-05-21 21:35', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2dr7s/', 'Lmfaoo and she seemed to be just enjoying herself as a hot 20 something!', '13nkga3'], ['u/East_Chemistry_9197', 12, '2023-05-21 21:46', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2fa50/', 'They are creeping me out (Sammi about Snooki and Deana drunk in italy)', '13nkga3'], ['u/East_Chemistry_9197', 29, '2023-05-21 21:49', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2fq3f/', 'I NEEDA HOT GUY RIGHT NOW', '13nkga3'], ['u/East_Chemistry_9197', 26, '2023-05-21 21:52', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2g3ni/', '"Deena is literally trying to get out of 3 feet of water because there\'s sharks in it, and Nicole is just worried about her alcoholic beverage floating away. It was legit complete chaos."', '13nkga3'], ['u/[deleted]', 23, '2023-05-21 22:20', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2jzuc/', 'Who wrote the note? Youzzzz two!', '13nkga3'], ['u/GirlsesPillses', 13, '2023-05-21 22:27', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2l2qj/', '“You can fuckin suck it!” I only know this bc recently did a re-watch as well lol 🫣', '13nkga3'], ['u/rayannem', 21, '2023-05-21 23:38', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2uyw2/', 'She read him here', '13nkga3']]], ['u/DovahMuuliik', 'Just wanted to share a recent scam with you guys that almost felt believable', 133, '2023-05-21 07:56', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/', 'So I got contacted by some lady on Insta (Sabrina D. Wright, sabrina451121 for insta handle). She seemed nice at first, asking me how I am, where am I from, asked about my art + followed me. Then she asked whether I want to do business with her, so she explains that she has clients and would like to provide me with commissions. When the client pays, I get most of the commission money and she gets some of it. I agree but I tell her, I\'ll need to be paid upfront before I start with a commission. She is adamant that she doesn\'t pay until there is proof of work. I say ok how do I prove this and she says just first sketch and then she\'ll do a transfer. That didn\'t seem too unreasonable to me, so I agree.\n\nShe sends me the first picture of the client. ( I did look this picture up, it is in fact a real person who works for some investment company, ok checks out I think). She explains to me that she pays people in Bitcoin on Binance which is fine, some of my relatives get paid that way by big corporations. So I do the first sketch and send it to her stating that I won\'t continue unless I get paid first as an assurance this is real. She tries to "send" me money on my Binance (brand new account cause I use my husband\'s usually for the crypto stuff), she sends me a screenshot saying there\'s an error cause I haven\'t verified my account by putting money into it ( she can\'t take money from my account if she just has my wallet address so this is fine but of course I am already starting to question this). So I tell her to just use my husband\'s wallet address since his account is completely verified. At first she doesn\'t want to but after I mention he has money sitting in his account she suddenly agrees, ok this is definitively not real. She then comes back to me and says oh I need to follow this process so I can retrieve my pending payment, the payment she sent from her Binance to my Binance. That\'s when I was like this is so fake cause Binance processes payments immediately, no need for third party websites.\n\nI\'ve seen so many scams, usually they get right to the point where they need you to send them money first or whatever but this one was really thorough and thought out. This person never asked once for money, they literally act like they\'re serious by wasting your time. Also this one\'s vocabulary was surprisingly good unlike others who can barely spell. I\'ve come to the conclusion that I will never ever draw again without an upfront payment. \n\nSo pls just beware, the scams seem to be evolving.', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/', '13nkhce', [['u/jawanda', 87, '2023-05-21 08:35', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl004lc/', "Glad you avoided getting burned. \n\n>I've come to the conclusion that I will never ever draw again without an upfront payment. \n\nThis is the correct takeaway !", '13nkhce'], ['u/raccoonerror', 73, '2023-05-21 09:55', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl065rt/', 'Can artists not be the targets of annoying scams for 5 minutes??😭', '13nkhce'], ['u/Special_Dimension_15', 13, '2023-05-21 10:02', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl06p34/', 'Yup I had a similar yet slightly different thing happen with a fake Zelle transaction. The scammers have scripts that they use for different responses. That person said they wanted to buy two of my paintings and we discussed pricing and shipping then sent me a "Zelle" transfer and said that I don\'t have a business account so Zelle will charge them extra $320 that I will need to return in order to accept the funds. Sure... btw the so called Zelle transfer confirmation was from a gmail address.. I pretty much don\'t trust Instagram inquiries at this point', '13nkhce'], ['u/DovahMuuliik', 14, '2023-05-21 10:18', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl07to9/', 'Thank you so much and yes learned my lesson at this point.', '13nkhce'], ['u/DovahMuuliik', 15, '2023-05-21 10:20', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl07y2g/', "Ikr, frustrates me because every time someone would contact me wanting a commission, I get my hopes up, finally someone wants my work but yeah no lol, every inquiry I've had has been scam.", '13nkhce'], ['u/DontLaughArt', 17, '2023-05-21 11:20', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0c5vn/', "i have a couple clients that, if they call for a crazy deadline, ill start immediately . ive been working with these clients for over 20 years with zero problems.\n\nother than them, when your 50% deposit CLEARS my bank, then ill start\n\nOP, thanks for scam heads up\n\nat least NOW...you've decided not to start without $$$...better late than never :)", '13nkhce'], ['u/Artboggler', 15, '2023-05-21 12:01', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0f1ii/', 'I kind of have a good bs detector due to autism so I don’t really see any that are believable to me', '13nkhce'], ['u/Special_Dimension_15', 12, '2023-05-21 12:40', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0hynq/', "Well first of all, people don't tell me what they pay for my work, I tell them what I 'd charge so I see that as a red flag as well.", '13nkhce'], ['u/maxluision', 50, '2023-05-21 13:35', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0mhdu/', "I would ALWAYS avoid bitcoin, don't care if some people really get paid with them. Also, someone talking about my art, asking questions, saying they represent customers? WAY too unbelievable, lmao. Why didn't you check any proof of THEIR activity in sm, as a customer representative?", '13nkhce'], ['u/V4nG0ghs34r77', 10, '2023-05-21 14:56', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0uhxh/', "Any time there is a specific way to pay, I'm out. It's always the red flag to me.", '13nkhce'], ['u/maxluision', 14, '2023-05-21 16:20', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl14rgf/', "Yeah, by sm I mean social media. I think there should be some proof that they indeed work with clients but since you didn't find anything, I would on your place just block them immediately. I just don't accept any alternative payments too, the scamming is so popular in case of bitcoin and other crypto that I'm actually surprised some people still treat them seriously.", '13nkhce'], ['u/Chalkarts', 12, '2023-05-21 16:25', 'https://www.re... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital. Insights: The crypto industry is spending less than other industries on lobbying. That may need to change. Prices CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning Asia, Bitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806. During the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year. “Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.” Meanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was the victim of vote fraud over the weekend. This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code. Story continues In the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66. The Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders. Asset Ticker Returns DACS Sector Gala GALA −6.0% Entertainment Terra LUNA −4.5% Smart Contract Platform Solana SOL −4.3% Smart Contract Platform Insights The Crypto Industry\'s Lobbying Deficit A recent report from Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year. Some expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy. Overall in 2022, industries and activist groups of all shapes and sizes spent $4.1 billion on federal lobbying efforts. As for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year, according to Open Secrets data. Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend. In comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year. The industry\'s political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter, Open Secrets recently reported . Major contributors included Coinbase, which alone spent $3.4 million on lobbying. Open Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year. Tether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, but is a huge jump over its first quarter 2022 spend of $100,000. Tether\'s jump in lobbying spend during the first quarter of the year (OpenSecrets) The Blockchain Association is up as well , to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxos also saw a huge jump , with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter. Of course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent $2 million during this past quarter , while Citigroup spent $1.4 million. Sadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it. Important events. Bitcoin Pizza Day The Future of U.K. Crypto Regulation 9:15 a.m. HKT/SGT(1:15 a.m. UTC): People\'s Bank of China interest rate decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ripple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey \'Jihoz\' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation. Headlines Bitcoin Payments App Strike Expands to More Than 65 Countries From Three: Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it\'s pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia. Sotheby\'s Auctions Part of 3AC\'s Rare NFT Collection, Bringing In $2.4 Million: The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187. Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield: The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital. U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M: An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday. Ledger’s Hard Lesson: Being Right Isn\'t Good Enough: Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital.\nInsights:The crypto industry is spending less than other industries on lobbying. That may need to change.\nCoinDesk Market Index (CMI)\n1,179.39\n−18.1▼1.5%\nBitcoin (BTC)\n$26,593\n−517.1▼1.9%\nEthereum (ETH)\n$1,798\n−24.0▼1.3%\nS&P 500 daily close\n4,191.98\n−6.1▼0.1%\nGold\n$1,981\n+2.6▲0.1%\nTreasury Yield 10 Years\n3.69%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,179.39", "\\u221218.1\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,593", "\\u2212517.1\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,798", "\\u221224.0\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,191.98", "\\u22126.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+2.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.69%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nGood morning Asia,\nBitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806.\nDuring the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year.\n“Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.”\nMeanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was thevictim of vote fraud over the weekend.This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code.\nIn the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66.\nThe Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.0%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}]\nThe Crypto Industry\'s Lobbying Deficit\nA recent reportfrom Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year.\nSome expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy.\nOverall in 2022, industries and activist groups of all shapes and sizes spent$4.1 billion on federal lobbying efforts.\nAs for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year,according to Open Secrets data.Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend.\nIn comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year.\nThe industry\'s political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter,Open Secrets recently reported. Major contributors included Coinbase, which alone spent $3.4 million on lobbying.\nOpen Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year.\nTether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, butis a huge jumpover its first quarter 2022 spend of $100,000.\nThe Blockchain Associationis up as well, to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxosalso saw a huge jump, with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter.\nOf course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent$2 million during this past quarter, while Citigroup spent $1.4 million.\nSadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it.\nBitcoin Pizza Day\nThe Future of U.K. Crypto Regulation\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):People\'s Bank of China interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRipple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets\nRipple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey \'Jihoz\' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation.\nBitcoin Payments App Strike Expands to More Than 65 Countries From Three:Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it\'s pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia.\nSotheby\'s Auctions Part of 3AC\'s Rare NFT Collection, Bringing In $2.4 Million:The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187.\nDemand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield:The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.\nU.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M:An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.\nLedger’s Hard Lesson: Being Right Isn\'t Good Enough:Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital.\nInsights:The crypto industry is spending less than other industries on lobbying. That may need to change.\nCoinDesk Market Index (CMI)\n1,179.39\n−18.1▼1.5%\nBitcoin (BTC)\n$26,593\n−517.1▼1.9%\nEthereum (ETH)\n$1,798\n−24.0▼1.3%\nS&P 500 daily close\n4,191.98\n−6.1▼0.1%\nGold\n$1,981\n+2.6▲0.1%\nTreasury Yield 10 Years\n3.69%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,179.39", "\\u221218.1\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,593", "\\u2212517.1\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,798", "\\u221224.0\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,191.98", "\\u22126.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+2.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.69%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nGood morning Asia,\nBitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806.\nDuring the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year.\n“Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.”\nMeanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was thevictim of vote fraud over the weekend.This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code.\nIn the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66.\nThe Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.0%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}]\nThe Crypto Industry\'s Lobbying Deficit\nA recent reportfrom Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year.\nSome expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy.\nOverall in 2022, industries and activist groups of all shapes and sizes spent$4.1 billion on federal lobbying efforts.\nAs for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year,according to Open Secrets data.Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend.\nIn comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year.\nThe industry\'s political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter,Open Secrets recently reported. Major contributors included Coinbase, which alone spent $3.4 million on lobbying.\nOpen Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year.\nTether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, butis a huge jumpover its first quarter 2022 spend of $100,000.\nThe Blockchain Associationis up as well, to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxosalso saw a huge jump, with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter.\nOf course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent$2 million during this past quarter, while Citigroup spent $1.4 million.\nSadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it.\nBitcoin Pizza Day\nThe Future of U.K. Crypto Regulation\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):People\'s Bank of China interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRipple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets\nRipple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey \'Jihoz\' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation.\nBitcoin Payments App Strike Expands to More Than 65 Countries From Three:Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it\'s pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia.\nSotheby\'s Auctions Part of 3AC\'s Rare NFT Collection, Bringing In $2.4 Million:The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187.\nDemand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield:The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.\nU.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M:An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.\nLedger’s Hard Lesson: Being Right Isn\'t Good Enough:Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.', 'Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded Sunday, investors continue to weigh the implications of U.S. debt ceiling negotiations.\nBitcoin fell 1.95% over the last 24 hours to US$26,669 at 9:30 a.m. in Hong Kong. That decline contributed to a loss of 1.27% over the past seven days, according todatafrom CoinMarketCap.\nBitcoin has so far failed to react positively tolower than expectedU.S. consumer price index (CPI) data and to ongoing efforts to raise the U.S. debt ceiling, said Markus Thielen, head of research and strategy at Singapore-based crypto lender Matrixport, in a note.\n“The world’s largest cryptocurrency by market cap has been trading sideways since March, and bar any significant macro news, is unlikely to break US$30,000 anytime soon,” Jeff Mei, chief operating officer of crypto exchange BTSE, said. “Plus, the ongoing macro uncertainty is dampening retail investors’ enthusiasm for ‘YOLOing’ into risk assets right now, while institutional investors are cautiously hedging their bets too.”\nEther dropped 1.14% in the past 24 hours to US$1,800, down 0.49% over the past week.\nSolana was the biggest loser among the top 10 non-stablecoin cryptocurrencies. It recorded a 4.22% decline over the past 24 hours and a 6.92% loss for the week.\nTron, however, climbed 2.73% over the past 24 hours to US$0.07464, up 7.47% over the past week. Matrixport’s Thielen suggested this may be related to theannouncementon May 11 by Tron founder Justin Sun that he would begin trading in memecoins.\nMeanwhile, Tornado Cash rose 23.38% in the past 24 hours to US$4.62. The coin had plummeted to as low as US$3.859 on Sunday before recovering.\nThe drop came as the token’s issuer — the Tornado Cash decentralized autonomous organization (DAO) — fell victim to what appeared to bevoter fraudover the weekend. Binance, the world’s largest crypto exchange,saidon Sunday that it had temporarily halted trading of the token.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index remained flat at 3,399.6 points in the 24 hours to 10:30 a.m. in Hong Kong. The index was up 1.77% over the past seven days.\nNFT sales on Ethereum, the most-used blockchain for NFTs, shrank 3.96% in the last 24 hours to US$15.1 million. Sales on the Bitcoin blockchain dropped 18.5% to US$3.54 million, according toCryptoslamdata.\nThe Mutant Ape Yacht Club collection recorded the most sales on Ethereum over the past 24 hours. Its daily sales rose 1.1% to US$1.9 million.\nWith the growing popularity of Bitcoin Ordinals, so-called uncategorized Ordinals – Ordinals that are not part of an established collection – saw a 29% rise to US$960,597 in sales value over the past 24 hours.\nU.S. stock futures were trading mixed as of 11:50 a.m. in Hong Kong, as investors continued to assess uncertainties surrounding the U.S. debt ceiling talks, alongside the outcomes of the weekend’s G7 summit.\nThe Dow Jones Industrial Average was down 0.1%, while the S&P 500 edged down 0.036%. The Nasdaq Composite futures added 0.088%.\nMarket watchers are expecting U.S. President Joe Biden tomeetwith House of Representatives Speaker Kevin McCarthy on Monday to carry on negotiations related to raising the debt ceiling. A deal would help the nation avoid a\xa0 potential default on its debt — an outcome that would likely prove devastating for U.S. and global markets.\nDuring aspeechat the G7 summit in the Japanese city of Hiroshima Sunday, Biden unexpectedly drew crypto into the debt ceiling conversation.\nThe president would not, he said, agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred – excuse me – nearly 1 million Americans.”\nThe president’s words offered some indication of the bipartisan nature of ongoing debt discussions between the White House and Congress.\nMeanwhile, U.S. Treasury Secretary Janet Yellenreaffirmedin an NBC interview Sunday that June 1 remains a “hard deadline” to raise the debt limit. Failure to do so would undermine global trust in U.S. securities as a safe haven for investment, Yellen added.\n“It’s not an acceptable situation for us to be unable to pay our bills,” she said.\nElsewhere, the People’s Bank of China on Monday morning said that it maintained its key lending rates steady for the ninth straight month, leaving its one-year loan prime rate unchanged at 3.65% and the five-year rate at 4.3%.', 'Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded Sunday, investors continue to weigh the implications of U.S. debt ceiling negotiations.\nBitcoin fell 1.95% over the last 24 hours to US$26,669 at 9:30 a.m. in Hong Kong. That decline contributed to a loss of 1.27% over the past seven days, according todatafrom CoinMarketCap.\nBitcoin has so far failed to react positively tolower than expectedU.S. consumer price index (CPI) data and to ongoing efforts to raise the U.S. debt ceiling, said Markus Thielen, head of research and strategy at Singapore-based crypto lender Matrixport, in a note.\n“The world’s largest cryptocurrency by market cap has been trading sideways since March, and bar any significant macro news, is unlikely to break US$30,000 anytime soon,” Jeff Mei, chief operating officer of crypto exchange BTSE, said. “Plus, the ongoing macro uncertainty is dampening retail investors’ enthusiasm for ‘YOLOing’ into risk assets right now, while institutional investors are cautiously hedging their bets too.”\nEther dropped 1.14% in the past 24 hours to US$1,800, down 0.49% over the past week.\nSolana was the biggest loser among the top 10 non-stablecoin cryptocurrencies. It recorded a 4.22% decline over the past 24 hours and a 6.92% loss for the week.\nTron, however, climbed 2.73% over the past 24 hours to US$0.07464, up 7.47% over the past week. Matrixport’s Thielen suggested this may be related to theannouncementon May 11 by Tron founder Justin Sun that he would begin trading in memecoins.\nMeanwhile, Tornado Cash rose 23.38% in the past 24 hours to US$4.62. The coin had plummeted to as low as US$3.859 on Sunday before recovering.\nThe drop came as the token’s issuer — the Tornado Cash decentralized autonomous organization (DAO) — fell victim to what appeared to bevoter fraudover the weekend. Binance, the world’s largest crypto exchange,saidon Sunday that it had temporarily halted trading of the token.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index remained flat at 3,399.6 points in the 24 hours to 10:30 a.m. in Hong Kong. The index was up 1.77% over the past seven days.\nNFT sales on Ethereum, the most-used blockchain for NFTs, shrank 3.96% in the last 24 hours to US$15.1 million. Sales on the Bitcoin blockchain dropped 18.5% to US$3.54 million, according toCryptoslamdata.\nThe Mutant Ape Yacht Club collection recorded the most sales on Ethereum over the past 24 hours. Its daily sales rose 1.1% to US$1.9 million.\nWith the growing popularity of Bitcoin Ordinals, so-called uncategorized Ordinals – Ordinals that are not part of an established collection – saw a 29% rise to US$960,597 in sales value over the past 24 hours.\nU.S. stock futures were trading mixed as of 11:50 a.m. in Hong Kong, as investors continued to assess uncertainties surrounding the U.S. debt ceiling talks, alongside the outcomes of the weekend’s G7 summit.\nThe Dow Jones Industrial Average was down 0.1%, while the S&P 500 edged down 0.036%. The Nasdaq Composite futures added 0.088%.\nMarket watchers are expecting U.S. President Joe Biden tomeetwith House of Representatives Speaker Kevin McCarthy on Monday to carry on negotiations related to raising the debt ceiling. A deal would help the nation avoid a\xa0 potential default on its debt — an outcome that would likely prove devastating for U.S. and global markets.\nDuring aspeechat the G7 summit in the Japanese city of Hiroshima Sunday, Biden unexpectedly drew crypto into the debt ceiling conversation.\nThe president would not, he said, agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred – excuse me – nearly 1 million Americans.”\nThe president’s words offered some indication of the bipartisan nature of ongoing debt discussions between the White House and Congress.\nMeanwhile, U.S. Treasury Secretary Janet Yellenreaffirmedin an NBC interview Sunday that June 1 remains a “hard deadline” to raise the debt limit. Failure to do so would undermine global trust in U.S. securities as a safe haven for investment, Yellen added.\n“It’s not an acceptable situation for us to be unable to pay our bills,” she said.\nElsewhere, the People’s Bank of China on Monday morning said that it maintained its key lending rates steady for the ninth straight month, leaving its one-year loan prime rate unchanged at 3.65% and the five-year rate at 4.3%.', 'Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded Sunday, investors continue to weigh the implications of U.S. debt ceiling negotiations. The rise of Tron as Bitcoin, Ether fall Bitcoin fell 1.95% over the last 24 hours to US$26,669 at 9:30 a.m. in Hong Kong. That decline contributed to a loss of 1.27% over the past seven days, according to data from CoinMarketCap. Bitcoin has so far failed to react positively to lower than expected U.S. consumer price index (CPI) data and to ongoing efforts to raise the U.S. debt ceiling, said Markus Thielen, head of research and strategy at Singapore-based crypto lender Matrixport, in a note. \x93The world\x92s largest cryptocurrency by market cap has been trading sideways since March, and bar any significant macro news, is unlikely to break US$30,000 anytime soon,\x94 Jeff Mei, chief operating officer of crypto exchange BTSE, said. \x93Plus, the ongoing macro uncertainty is dampening retail investors\x92 enthusiasm for \x91YOLOing\x92 into risk assets right now, while institutional investors are cautiously hedging their bets too.\x94 Ether dropped 1.14% in the past 24 hours to US$1,800, down 0.49% over the past week. Solana was the biggest loser among the top 10 non-stablecoin cryptocurrencies. It recorded a 4.22% decline over the past 24 hours and a 6.92% loss for the week. Tron, however, climbed 2.73% over the past 24 hours to US$0.07464, up 7.47% over the past week. Matrixport\x92s Thielen suggested this may be related to the announcement on May 11 by Tron founder Justin Sun that he would begin trading in memecoins. Meanwhile, Tornado Cash rose 23.38% in the past 24 hours to US$4.62. The coin had plummeted to as low as US$3.859 on Sunday before recovering. The drop came as the token\x92s issuer \x97 the Tornado Cash decentralized autonomous organization (DAO) \x97 fell victim to what appeared to be voter fraud over the weekend. Binance, the world\x92s largest crypto exchange, said on Sunday that it had temporarily halted trading of the token. Story continues Bitcoin Ordinals continue to rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index remained flat at 3,399.6 points in the 24 hours to 10:30 a.m. in Hong Kong. The index was up 1.77% over the past seven days. NFT sales on Ethereum, the most-used blockchain for NFTs, shrank 3.96% in the last 24 hours to US$15.1 million. Sales on the Bitcoin blockchain dropped 18.5% to US$3.54 million, according to Cryptoslam data. The Mutant Ape Yacht Club collection recorded the most sales on Ethereum over the past 24 hours. Its daily sales rose 1.1% to US$1.9 million. With the growing popularity of Bitcoin Ordinals, so-called uncategorized Ordinals \x96 Ordinals that are not part of an established collection \x96 saw a 29% rise to US$960,597 in sales value over the past 24 hours. US stock futures mixed as talks resume U.S. President Joe Biden spoke at the G7 summitleaders summit on Sunday in Hiroshima, Japan. Image: Getty Images U.S. stock futures were trading mixed as of 11:50 a.m. in Hong Kong, as investors continued to assess uncertainties surrounding the U.S. debt ceiling talks, alongside the outcomes of the weekend\x92s G7 summit. The Dow Jones Industrial Average was down 0.1%, while the S&P 500 edged down 0.036%. The Nasdaq Composite futures added 0.088%. Market watchers are expecting U.S. President Joe Biden to meet with House of Representatives Speaker Kevin McCarthy on Monday to carry on negotiations related to raising the debt ceiling. A deal would help the nation avoid a\xa0 potential default on its debt \x97 an outcome that would likely prove devastating for U.S. and global markets. During a speech at the G7 summit in the Japanese city of Hiroshima Sunday, Biden unexpectedly drew crypto into the debt ceiling conversation. The president would not, he said, agree to \x93a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred \x96 excuse me \x96 nearly 1 million Americans.\x94 The president\x92s words offered some indication of the bipartisan nature of ongoing debt discussions between the White House and Congress. Meanwhile, U.S. Treasury Secretary Janet Yellen reaffirmed in an NBC interview Sunday that June 1 remains a \x93hard deadline\x94 to raise the debt limit. Failure to do so would undermine global trust in U.S. securities as a safe haven for investment, Yellen added. \x93It\x92s not an acceptable situation for us to be unable to pay our bills,\x94 she said. Elsewhere, the People\x92s Bank of China on Monday morning said that it maintained its key lending rates steady for the ninth straight month, leaving its one-year loan prime rate unchanged at 3.65% and the five-year rate at 4.3%.', 'Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings, a leading Bitcoin mining company, has announced its commitment to supporting the development and maintenance of the open-source Bitcoin Core client software. During the Bitcoin 2023 conference held in Miami, Florida, Marathon said they will match donations to the non-profit Bitcoin research and development firm Brink, up to $500,000 on a two-for-one basis. Following the conference, Marathon will continue to match additional donations on a one-for-one basis until December 31. These contributions will be used to fund grants and programs that financially support Bitcoin Core developers, ensuring the continuous improvement of the world\'s dominant blockchain. Marathon CEO Fred Thiel emphasized the importance of compensating these developers, who often rely on grants to sustain their work, and expressed his desire to engage other industry partners in supporting this vital ecosystem. The recent market downturn in the crypto industry, known as the "crypto winter," had raised concerns about funding for Bitcoin development. However, Marathon\'s generous pledge, which may reach $1 million with third-party donations, demonstrates the company\'s commitment to bolstering the Bitcoin funding landscape. Thiel highlighted the reliance of developers on their personal resources and the necessity of grants, such as those provided by Brink, to ensure their financial stability. Brink, founded in 2020, supports Bitcoin protocol development through its fellowship mentor program and developer grant program. Thiel and Brink\'s co-founder and executive director, Mike Schmidt, jointly announced this initiative during the conference, garnering significant support. View comments', 'Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings, a leading Bitcoin mining company, has announced its commitment to supporting the development and maintenance of the open-source Bitcoin Core client software. During the Bitcoin 2023 conference held in Miami, Florida, Marathon said they will match donations to the non-profit Bitcoin research and development firm Brink, up to $500,000 on a two-for-one basis. Following the conference, Marathon will continue to match additional donations on a one-for-one basis until December 31. These contributions will be used to fund grants and programs that financially support Bitcoin Core developers, ensuring the continuous improvement of the world\'s dominant blockchain. Marathon CEO Fred Thiel emphasized the importance of compensating these developers, who often rely on grants to sustain their work, and expressed his desire to engage other industry partners in supporting this vital ecosystem. The recent market downturn in the crypto industry, known as the "crypto winter," had raised concerns about funding for Bitcoin development. However, Marathon\'s generous pledge, which may reach $1 million with third-party donations, demonstrates the company\'s commitment to bolstering the Bitcoin funding landscape. Thiel highlighted the reliance of developers on their personal resources and the necessity of grants, such as those provided by Brink, to ensure their financial stability. Brink, founded in 2020, supports Bitcoin protocol development through its fellowship mentor program and developer grant program. Thiel and Brink\'s co-founder and executive director, Mike Schmidt, jointly announced this initiative during the conference, garnering significant support. View comments', 'Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings, a leading Bitcoin mining company, has announced its commitment to supporting the development and maintenance of the open-source Bitcoin Core client software. During the Bitcoin 2023 conference held in Miami, Florida, Marathon said they will match donations to the non-profit Bitcoin research and development firm Brink, up to $500,000 on a two-for-one basis. Following the conference, Marathon will continue to match additional donations on a one-for-one basis until December 31. These contributions will be used to fund grants and programs that financially support Bitcoin Core developers, ensuring the continuous improvement of the world\'s dominant blockchain. Marathon CEO Fred Thiel emphasized the importance of compensating these developers, who often rely on grants to sustain their work, and expressed his desire to engage other industry partners in supporting this vital ecosystem. The recent market downturn in the crypto industry, known as the "crypto winter," had raised concerns about funding for Bitcoin development. However, Marathon\'s generous pledge, which may reach $1 million with third-party donations, demonstrates the company\'s commitment to bolstering the Bitcoin funding landscape. Thiel highlighted the reliance of developers on their personal resources and the necessity of grants, such as those provided by Brink, to ensure their financial stability. Brink, founded in 2020, supports Bitcoin protocol development through its fellowship mentor program and developer grant program. Thiel and Brink\'s co-founder and executive director, Mike Schmidt, jointly announced this initiative during the conference, garnering significant support. View comments', 'South Korean ruling party lawmakers proposed all public officials and candidates disclose their crypto holdings in a new bill unveiled last Friday.\nSee related article:South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal\n• “It is necessary to expand the scope of assets that are subject to reporting to include virtual assets — this will help to ensure that public officials do not use their position to improperly accumulate wealth or conceal assets,” said Lee Man-hee, a right-wing lawmaker, in aproposed amendmentto the Public Official Ethics Act.\n• The public officials’ law currently requires officials to disclose owned assets such as cash, stocks and bonds worth over 10 million Korean won (US$7,572), but cryptocurrencies or other virtual assets are not subject to reporting.\n• Lawmakers proposed that cryptocurrency holdings must be reported regardless of their value, and they suggested imposing a limit on the amount an official involved in the crypto sector can invest.\n• The proposal addresses the ongoing scandal surrounding lawmakerKim Nam-kuk, a former lawmaker at the opposing Democratic Party. He is currently being investigated by local prosecutors for campaign finance violations, tax portals and concealment of criminal proceeds surrounding his hidden crypto possessions and transactions, according to local media outletChosun Ilbo.\n• South Korean cryptocurrency investors take up a significant portion of the global market, according to crypto data platformXangle. The Korean won was the third most-used currency in Bitcoin transactions after the U.S. dollar and the Japanese yen.\n• Since last year’s Terra-Luna collapse, South Korea has been developing alegal frameworkfor cryptocurrencies to enhance transparency and fair trading practices in the local market.\nSee related article:Bank of Korea and financial regulator in turf war over who supervises crypto industry', 'South Korean ruling party lawmakers proposed all public officials and candidates disclose their crypto holdings in a new bill unveiled last Friday. See related article: South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal Fast facts “It is necessary to expand the scope of assets that are subject to reporting to include virtual assets — this will help to ensure that public officials do not use their position to improperly accumulate wealth or conceal assets,” said Lee Man-hee, a right-wing lawmaker, in a proposed amendment to the Public Official Ethics Act. The public officials’ law currently requires officials to disclose owned assets such as cash, stocks and bonds worth over 10 million Korean won (US$7,572), but cryptocurrencies or other virtual assets are not subject to reporting. Lawmakers proposed that cryptocurrency holdings must be reported regardless of their value, and they suggested imposing a limit on the amount an official involved in the crypto sector can invest. The proposal addresses the ongoing scandal surrounding lawmaker Kim Nam-kuk , a former lawmaker at the opposing Democratic Party. He is currently being investigated by local prosecutors for campaign finance violations, tax portals and concealment of criminal proceeds surrounding his hidden crypto possessions and transactions, according to local media outlet Chosun Ilbo . South Korean cryptocurrency investors take up a significant portion of the global market, according to crypto data platform Xangle . The Korean won was the third most-used currency in Bitcoin transactions after the U.S. dollar and the Japanese yen. Since last year’s Terra-Luna collapse, South Korea has been developing a legal framework for cryptocurrencies to enhance transparency and fair trading practices in the local market. See related article: Bank of Korea and financial regulator in turf war over who supervises crypto industry View comments', 'During a fireside chat, BitMEX founder and influential crypto investor Arthur Hayes sat down with Michael Lewis, the bestselling author of “Moneyball,” “The Big Short” (which covered the 2008 banking crisis) and “The Blind Side.”\nLewis drew controversy and excitement last year from crypto-supporting pundits after it was revealed that he spent several months with Sam Bankman-Fried prior to the FTX collapse as research for his next book. Hopes are high that he’ll provide a tell-all account of what really happened in a similar fashion to his books.\nBitcoin maximalists hold the cult classic movie The Big Short in particularly high regard for how it portrayed the excesses of the banking industry that led to the 2008 banking collapse with near-surgical accuracy. As is well-documented, the last financial crisis provided the impetus for Satoshi Nakamoto to write the Bitcoin whitepaper in 2008. Nakamoto inscribed a message within Bitcoin’s Genesis Block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."\nLewis detailed the reasons for his SBF collaboration, which he said came about after a friend asked him to screen the now disgraced exchange founder for financial investment. Lewis became so intrigued with SBF and the crypto space (which he joked was the equivalent of “Financial Kanye”) that he decided to stick around, inadvertently “lucking out” for a front seat to the calamitous meltdown that eventually followed. With the movie rights already sold, Hayes quipped that Jonah Hill could play the lead.\nLewis got exposed to Bitcoin as early as 2012 but admits he’s a conservative investor who doesn’t like the volatility of crypto markets. He is perplexed by how entrenched financial intermediaries still are in the banking system.\n"It\'s one of the curious questions of this economic age: how untouched by the internet financial intermediaries have been. Every other intermediary has been completely screwed by the internet, you know? Big time. It\'ll get there, but the amount of time it\'s taken is kind of incredible. Instead of the intermediaries being knocked out of the system, they found ways to rig the system so there was still a place for them. I mean, I wrote a book called Flash Boys about this, and it\'s still true.”\nHe feels that there are so many unnecessary hands touching the money in financial transactions, “taking little slices out as rents that are completely unnecessary.” These middlemen “have just been hard-baked into the financial system, like the people in the middle of things successfully stopped the change from having the effects it should have had."\nLewis admires the principles behind the DeFi movement and the financial revolution that could come out of crypto.\n“Maybe it will happen, I hope it will happen. But there\'s a war before it happens, you know? And I\'ve seen glimpses of that war… I\'ve never had anybody so angry at me as a Wall Street billionaire from whom I\'m trying to take money if I write something that\'s even remotely threatening to their profits."\nLewis also speculated that US regulators were “irritated” by Silvergate and Silicon Valley Bank’s connections to crypto, and were thereby a tad slow to step up and bail them out during the recent liquidity crisis.\nHayes and Lewis exchanged notes on their love for Hong Kong and SBF and Lewis’ research on FTX’s operations in the city-state for his book, which conveniently comes out the day when Bankman-Fried’s trial starts.\nOn the quasi-religious and emotional nature of Bitcoin’s support, Lewis, who was raised as an atheist, drew parallels between the evangelical Christian community behind his “The Blind Side” book and the crypto community but stated that what he thinks doesn’t really matter.\nLewis also explained that while FTX and Alameda Research came in as outsiders to crypto, they, specifically SBF and Caroline Ellison, eventually also became swept up in the decentralized money movement.\nThe author wrapped up the fireside chat with a self-effacing joke that he’s lazy and requires a gun to his head to get started on a new book.\nHe predicted that something else in crypto could likely provide the inspiration for his next book, which will probably be due in about 5 years from now. Possibly even Arthur Hayes, but that he would have to mess up again — and this time really big — alluding to Hayes’well-documented troubles with US regulatorsand authorities in the past.', 'Bitcoin Miami: \x93Financial Kanye\x94 \x97 Arthur Hayes Interviews Michael Lewis During a fireside chat, BitMEX founder and influential crypto investor Arthur Hayes sat down with Michael Lewis, the bestselling author of \x93Moneyball,\x94 \x93The Big Short\x94 (which covered the 2008 banking crisis) and \x93The Blind Side.\x94 Lewis drew controversy and excitement last year from crypto-supporting pundits after it was revealed that he spent several months with Sam Bankman-Fried prior to the FTX collapse as research for his next book. Hopes are high that he\x92 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,042,894,156 - Hash Rate: 354690591.1309403 - Transaction Count: 499281.0 - Unique Addresses: 604303.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin's (BTC) price on Bitfinex's perpetual swap market momentarily topped $56,000 on Tuesday – well above prevailing levels elsewhere and prices on Bitfinex's exchange right before or after – amid a flurry of volume amid an absence of liquidity. Trading volume on Bitfinex's BTC-PERP market spiked to 322 BTC ($9.1 million) between 14:24 and 14:26 UTC, equating to around a quarter of daily volume on the trading pair. Some traders' positions were liquidated amid the flash rally, according to data on Bitfinex's trading platform. The move occurred at the same time as bitcoin surged 2.5% on spot markets elsewhere as investors reacted to the stock prices of two banks, Pacwest (PACW) and Western Alliance (WAL), plunging by more than 30% as concerns about the U.S. banking system resumed. At press time, the BTC-PERP pair has 10% market depth of 110 BTC, meaning that an order to buy 110 BTC would move the price on that specific market by 10% – evidence liquidity remains low on Bitfinex. Paolo Ardoino, Bitfinex's chief technology officer,tweeted: "Low liquidity at that moment in time. But system worked as expected. Matching engine handled all orders correctly." UPDATE (May 2, 2023, 14:40 UTC):Adds a tweet from Bitfinex's CTO.... - Reddit Posts (Sample): [['u/kurobainu', 'FtM, how hard is it to actually do DIY?', 119, '2023-05-22 00:09', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/', "FtM living in Florida, currently working on getting a legit prescription but it's really difficult due to new legislation. If getting HRT legally doesn't work out, I'm curious to know how hard it actually is to obtain T not so legally?\n\n I've had a site recommended to me from another FtM guy that sells vials but they only accept bitcoin payment. I have some bitcoin in a wallet because I got it as a gift but I've never actually used it and I have no idea how. Aside from that, do I need to use a different browser like the kind people use to go on the deep web? Do I need to use a VPN to avoid being tracked? I'm unsure of how heavily monitored this kind of thing is and I don't know what precautions to take. \n\nI've also heard people say to use your legal name on packages in case the post office opens it and sees it's a medication vial. Also, how risky is it if the post office sees a controlled substance being shipped to me? Would they even care? \n\nSorry for the long post I am just very limited on options right now and I'm not very knowlegeable on DIY.", 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/', '13o7xgt', [['u/definitelynotreal333', 93, '2023-05-22 01:27', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl39m1c/', 'If a controlled substance shipment of T is seized, basically the only people who get in trouble is the distributor, its really unheard of for an individual to be prosecuted.', '13o7xgt'], ['u/ufo9x9', 46, '2023-05-22 01:39', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl3b3mu/', "You'll probably be fine. Even if the package is seized, a lot of websites will refund/reship, and any consequences are on their end as a distributor. I had no problem ordering using Bitcoin through Cashapp. Keep all receipts related to the process, though, as sometimes they will ask for the Bitcoin receipt number to confirm payment. I ordered and had mine in about 2 weeks, and I had it shipped to a friend's house using their name. No issues, although if you live in an apartment, you might make sure it has your legal name on the package so it doesn't get sent back (most sites won't reship if this happens). Having T seized is pretty much unheard of, and there's no problem with not using a VPN or anything (although you totally can for peace of mind).", '13o7xgt'], ['u/VoidDemon0226', 24, '2023-05-22 02:04', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl3e6xi/', "If you'd like to talk more in depth, I have a Telegram which is a safer method of talking, but as someone who's doing it and has been helping someone in Alabama do it, it's not as difficult as you'd think. It's always good to be weary, but the market for T is overwhelmingly cis men meatheads (and, funnily enough, cops), so it's not really crazy regulated. Doesn't mean you don't gotta be careful of course, just be smart, use bitcoin, and don't fly with them.\n\nUse your legal name or preferred name on the package, not so much for the post office ripping it open, but so the post office is able to get it to you properly.", '13o7xgt'], ['u/VoidDemon0226', 24, '2023-05-22 02:40', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl3in8e/', '"Funny enough" was the wording bc cops are POS\'s that are valued above the law, so the same drugs they are paid to enforce the legality of, they are the market for it, similar to fentanyl', '13o7xgt'], ['u/firestorm713', 23, '2023-05-22 12:07', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl4zdna/', "This. You have no control over who sends things to your address, so once it gets stopped in customs, that's generally end of the line and they don't investigate further.", '13o7xgt']]], ['u/mbdtf95', 'On this day 13 years ago, a trade was done when forum user paid 10,000 BTC for 2 pizzas. Happy Bitcoin Pizza day.', 486, '2023-05-22 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/', "Right now it's May 22nd, at least on my timezone, which means 13 years ago Laszlo Hanyecz, a BTCtalk forum user decided he wanted to trade Bitcoin for some real life good. As pretty much most of you know he made a deal with another user that he would order him 2 pizzas in exchange for 10,000 BTC and the rest is history.\n\n Since then this has become a day called Bitcoin Pizza day celebrated amongst crypto community. By today's Bitcoin prices he paid about 135 million USD for each pizza. So hopefully it was a pretty great pizza for Laszlo that he doesn't regret buying.", 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/', '13o8jf8', [['u/deftaj', 16, '2023-05-22 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl33am1/', 'Someone set a reminder and flew to Australia so they could be the first person to post this today', '13o8jf8'], ['u/RuneW007', 11, '2023-05-22 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl34h3x/', 'Let’s all eat pizza tonight in his honor 🍕', '13o8jf8'], ['u/_redboy_', 85, '2023-05-22 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl359to/', 'Everyone is talking about the person who bought the pizza and gave bitcoins, but I am interested in what the person who sold the pizza for 10,000 bitcoins did with those bitcoins.🤔', '13o8jf8'], ['u/Elie0_0', 44, '2023-05-22 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl36a0q/', "Probably ended up selling after a 5 or 10x, which would've been great if he had a lot more alongside the 10,000", '13o8jf8'], ['u/_redboy_', 12, '2023-05-22 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl36wbs/', 'More than excellent', '13o8jf8'], ['u/MaeronTargaryen', 14, '2023-05-22 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl37sxf/', 'Probably sold after a x2 or x3, or lost the seed phrase', '13o8jf8'], ['u/dark_deadline', 11, '2023-05-22 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl3anmv/', 'Only if he held onto bitcoin for some years at least.......', '13o8jf8'], ['u/Elie0_0', 11, '2023-05-22 02:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl3l1i9/', 'Well, he sold them when they were worth nothing, and actually used Bitcoin as it was supposed to', '13o8jf8']]], ['u/TheNano100', 'It just costs $125 to be part of the 21M club!', 91, '2023-05-22 00:43', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/', 'I remember there was an old post from the BTC community some years ago where people were encouraged to buy a whole bitcoin in order to be part of the 21 Million Club, because of the max supply being 21M.\n\nTherefore, since there will only be 50B HBAR coins, I want to do the same and encourage people to buy at least 2381 HBAR and be part of the 21 Million Club. At the moment of writing this costs a little bit more than $125.\n\nDo not feel small by buying such a little amount, be part of the 21M Club!', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/', '13o8rp7', [['u/cyhiandra', 27, '2023-05-22 00:52', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl34xsa/', "I like your thinking. People criticise the 50B HBAR supply, but this puts it into context.\n\nAnother person previously put it this way: only 500,000 people can own 100,000 HBAR (I think my math stacks up....)\n\nAt $0.052 per HBAR, that's only USD $5,200 to be one of the half a million people globally in that rank.\n\nIf you go to a million HBAR, there can only be 50,000 people globally owning that much theoretically, but of course less because of all the other holders above and below. \n\nIt's not much, when you look at it like that.", '13o8rp7'], ['u/The_Acrobatic_potato', 11, '2023-05-22 00:59', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl35vfr/', 'I like this math breakdown. Makes me want to get more', '13o8rp7'], ['u/DailyUpsAndDowns', 23, '2023-05-22 01:02', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl36cc5/', 'Are we prepared to make a pact? Everyone buy in!', '13o8rp7'], ['u/kazkdp', 24, '2023-05-22 01:06', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl36ssu/', "It's strange that I was going to post something similar. \nI noticed that the hedera Twitter account has nearly 300k followers. \n\nRounding up, \n\nThat's means 166k each and the 50B is gone. \n\nPOLLY Twitter had nearly 1 million followers. At those numbers, it's just 50k each. \n\nThe world is rather BIG.....", '13o8rp7'], ['u/Sporesword', 42, '2023-05-22 01:47', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl3c5fa/', "I'm still working on getting to 10,000.", '13o8rp7'], ['u/ka0_1337', 19, '2023-05-22 02:01', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl3dtyc/', "Well I'm closing in on 200k myself. Not stopping until I have 500k+ maybe ill shoot for 1 mill before 2025", '13o8rp7'], ['u/eliminator-n36', 13, '2023-05-22 02:05', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl3eb19/', "On top of this perspective, I'd just like to add that it's essentially only an arbitrary number at the end of the day. If Hedera had only 5 billion coins, you'd have bought in for 10x what you did, and it would be worth 10x what it is now, so there's no real difference in the end bar a psychological one\n\nIf Bitcoin had a 50 billion max supply, it'd only be worth $11.23 each at the moment. Exact same market cap and percentage price change since launch, just two different numbers", '13o8rp7'], ['u/cyhiandra', 15, '2023-05-22 05:21', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl42juh/', "50,000 people is half the size of the largest stadium in the US, Michigan Stadium.\n\nOn average, 70,200 Taylor Swift fans attended each show of her latest tour, which is far from a single-day record.\n\nConsider that against the rest of the population just in the US alone.\n\nAnd here you are, reading this post in this reddit sub tucked away deep amongst the other crypto threads, with all the Bitcoin and ETH maxis moaning about how crap Hedera is making sure no one comes here, at least, not to seriously take a look, just to take cheap shots based on misinformation or plain ignorance. You gotta love it.\n\nMind you, some of those BTC and ETH maxis have been stacking HBARs on the side quietly, don't you worry about that.", '13o8rp7'], ['u/Mammoth-Weakness-396', 16, '2023-05-22 05:43', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl45235/', 'I am at 100k my goal is 1M-1.5M', '13o8rp7']]], ['u/taylansbrain', 'FREE pizza party tomorrow at Happy Fish Elgin from 4-8pm', 23, '2023-05-22 01:27', 'https://www.reddit.com/r/ottawa/comments/13o9tbv/free_pizza_party_tomorrow_at_happy_fish_elgin/', "Come join PizzaDAO's 3rd annual Global Pizza Party in honor of Bitcoin Pizza Day. \n\nJoin local organizers Ottawa Green Pill, Blu3 Global, Ambassadors, TIMEPieces, Bitget Academy and Happy Fish, in Ottawa for an evening of fun, friends, and refreshments.\n\nSpace is limited so please RSVP here: 🍕\n\nhttps://www.eventbrite.ca/e/worlds-largest-pizza-party-pizzadao-x-ottawa-tickets-634768177707", 'https://i.redd.it/muebiqdr8b1b1.jpg', '13o9tbv', [['u/beerbeatsbear', 11, '2023-05-22 02:44', 'https://www.reddit.com/r/ottawa/comments/13o9tbv/free_pizza_party_tomorrow_at_happy_fish_elgin/jl3j4kh/', 'Cuphead vibes', '13o9tbv']]], ['u/CryptoIsThePlan', 'Top 10 Cryptocurrencies by Market Cap 5 Years ago vs Today', 77, '2023-05-22 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/', 'I decided to look into the past top coins because I saw somebody say "it is safest to invest in the big coins". So I decided to look top 10 coins 5 years ago.\n\nHere is a snapshot from May 27, 2018.\n\nhttps://preview.redd.it/3vtfsl82r91b1.png?width=1099&format=png&auto=webp&v=enabled&s=27a86d06021b70a7bbde656ef2b8e7b70020751f\n\n6/10 coins are gone from the top 10 and/or have dropped significantly in value. Here are their stats today:\n\n\|Coin\|Price (USD)\|Market Cap\|Price Change %\|Rank Today \|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Bitcoin Cash \|$114.87\|$2,228,264,472 \|\\-88.48%\|\\#28\|\n\|EOS\|$0.85\|$930,076,147 \|\\-93.21%\|\\#48\|\n\|Litecoin\|$92.44\|$6,747,927,892 \|\\-21.37%\|\\#12\|\n\|Stellar\|$0.08\|$2,363,766,973 \|\\-70.37%\|\\#26\|\n\|Tron\|$0.07523\|$6,794,270,998 \|\\+14.16%\|\\#11\|\n\|IOTA\|$0.17\|$491,296,477 \|\\-88.5%\|\\#85\|\n\nInvesting in something just because it is the biggest at the time is not the way to invest. Learn about projects and if you believe in the utility invest.\n\nWith that being said taking a look at the top 10 today what do you think is going to be gone in the next 5 years? What coins do you see going up in the ranking?\n\nhttps://preview.redd.it/0rwrnld9r91b1.png?width=942&format=png&auto=webp&v=enabled&s=2f8dde43cec3f5a1c875d74107543a6b716e840a\n\nIf you believe these projects are all here to stay I am sure that that is what people thought 5 years ago.', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/', '13oasj0', [['u/astockstonk', 25, '2023-05-22 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3fq18/', 'You can count on USDT to be there. \n\nUSDT has died as almost as many deaths as Bitcoin but still is standing.', '13oasj0'], ['u/Baecchus', 14, '2023-05-22 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3h8hs/', "Goes to show how fragile this market is. Don't get married to your alts.", '13oasj0'], ['u/Sugar_Phut', 29, '2023-05-22 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3hgl0/', 'Every Doge has its day 🤷🏼\u200d♂️', '13oasj0'], ['u/BrianS911', 10, '2023-05-22 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3hqfn/', "Cheap trans costs, I have a decent amount of Co workers who trade and they all use it simply cause it's fast and cheap.", '13oasj0'], ['u/CryptoIsThePlan', 10, '2023-05-22 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3j002/', 'BTC, ETH, XRP, ADA are the only ones still in the top 10. \n\nAt that time Dogecoin was #47 with a price of $0.003424.', '13oasj0'], ['u/StonedRex', 10, '2023-05-22 02:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3jiic/', 'RemindMe! in 5 years', '13oasj0'], ['u/StonedRex', 14, '2023-05-22 02:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3jsby/', 'Nice to see Cardano in the both lists, I think it will still be in the Top 10 five years from now.', '13oasj0'], ['u/BlubberWall', 22, '2023-05-22 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3kcp9/', 'Always impressed XRP is still on there despite everything going against it. I really don’t think many other projects would still be top 10 in a similar circumstance', '13oasj0'], ['u/maynardstaint', 11, '2023-05-22 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3rwdq/', 'Xrp is used daily by financial institutions world wide. Its made 20 million transactions over 10 years. $30 billion moved. No hacks. No down time. No lost transactions . Carbon neutral. The ONLY place that it isn’t able to be used to it’s full potential is the US. That will change, and change quickly once the lawsuit is over. \n\nLast week the judge ruled the the hinman free pass speech emails will be revealed. In the 72 hours after that, Ripple bought a crypto custody company( metaco) for $250 million, launched a cbdc project with Hong Kong, and hired the ex cfo of Amazon. \n\nOther crypto companies are laying people off. Algo, eth, many others. Ripple is hiring and opening new offices, while in a bear market and under a lawsuit. They are the only company that does quarterly disclosures, even though there is no law forcing them to. They hold their tokens in an algorithmic escrow, that only releases 1 billion per month. They are literally incapable of dumping on the market. They are the company that will bring crypto to mainstream.', '13oasj0'], ['u/89time', 11, '2023-05-22 04:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3xn2v/', 'My poor boy Stellar. What held it back? Can anyone explain to me what sucks about it?', '13oasj0'], ['u/DeaderthanZed', 13, '2023-05-22 05:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl40747/', 'The SEC case is what keeps it in the top 10. It gives them almost an ideal enemy to circle the wagons around.\n\nAnd as a result they have the strongest/most brainwashed base of hodlers (depending on your perspective.)', '13oasj0'], ['u/nousemercenary', 11, '2023-05-22 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl43drn/', 'Solana is the new EOS', '13oasj0']]], ['u/baronofbitcoin', 'I got Trezor, Trezor Model T, Ledger, Ledger Nano X, Coldcard, Jade, Ballet Wallet. My basic user experience review.', 39, '2023-05-22 02:31', 'https://www.reddit.com/r/Bitcoin/comments/13ob9u8/i_got_trezor_trezor_model_t_ledger_ledger_nano_x/', 'Tried them all. Here is my user experience review.\n\nBallet: Ballet wallet is just a paper wallet and is the worst in security but it really is the easiest to use for every day transactions. If you are doing a ton of transactions daily and don\'t want any fuss then use this but don\'t put a lot of money on it. Basically you turn on the Ballet app and enter in a passphrase to make a transaction. You have to trust Ballet Wallet because they make the private keys in their house. For many this is a red flag and a non-negotiable.\n\nJade: Just set up Jade wallet and it was the easiest to set up. The screen was small but the pixel density was high unlike other hardware wallets. I felt it was the slickest in design with the lever switch/button and the built in camera. Firmware update was smooth and automated. Passphrase was slightly tricky, but you can just enter it in one time in the settings. Bluetooth worked fine. Bitcoin/Liquid only. Works on iPhone and the Green Wallet for iPhone felt straight forward. I tried to scan a QR Code with a camera and the screen was grainy but it was able to lock in after a few seconds. I\'m learning it is used to communicate with the Green app if you don\'t want to use Bluetooth or NFC. This provides an "air gap" (ignoring lightwaves.) I tried scanning a "receive" QR code for payment but there was an error. Not sure if I am doing something wrong or if it is designed like that. I was hoping to scan QR payment codes to easily make payments but I don\'t think I can do this? This also has a built in rechargeable battery so you don\'t need to plug it in or carry a USB cord all the time.\n\nColdcard: The hardest to set up was Coldcard. However, Coldcard for sure has the best security. It has a tamper resistant bag and instructions to use Kleopatra to check signatures. I have enough knowledge to import keys and authenticate the signature file and check the sha256 of the firmware itself. If you are new at this it may time some time to verify everything, or you may never figure it out and still get by. Other wallet makers don\'t really do this so it kind of gives you peace of mind if you verify signatures yourself so you know the firmware is legit. If you are a newbie and want a challenge then get the Coldcard. The NFC feature is a little glitchy but I got it to work. The USB cord is magnetic so if you tug it gently it will magnetically disconnect and power off. The Coldcard screen is super basic and pixelated. One thing about the Coldcard is it uses a miniSD card for firmware updates. You can also sign transactions using the miniSD card by passing it from the computer to the Coldcard. I didn\'t use this feature and just am trying to use NFC. You need to be have some hacker ability to use Coldcard. Coldcard recommends using Electrum which is an open source wallet. I tried connecting Nunchuk (because it had NFC) to Coldcard and I had to learn some new stuff. The multi-key feature of Nunchuk I still need to learn how to use, but I can see great potential in this feature. I don\'t know how reliable Nunchuk is since it is fairly new and is a TapRoot based company. It was not in the documentation so I found other sources to learn about integration. No battery so it needs to be plugged in.\n\nTrezor: My first Trezor my screen got dark and had to replace it. It was the first bitcoin hardware wallet so the screen was basic and pixelated. It worked fine and got the job done while it was functional. No battery.\n\nTrezor Model T: Fairly straight forward setup. Has color in the screen. Setup of firmware requires a weird finger slide across the screen. It got the job done for me and I still use it. I\'ve never used this on my iPhone. Don\'t know if there is an app for it now. No battery.\n\nLedger: If you use a passphrase it is weird to set up on Ledger (since it uses a pin to get the passphrase and it gets confusing whereas in Coincard you just scroll to passphrase). At the time I got it the processor was slow so sometimes it took a long time to process transactions, maybe a whole minute. I don\'t know if they updated the processor. Requires Ledger software installed onto the computer to make transactions. I don\'t think I\'ve used this on an iPhone. Mostly straight forward setup. No battery, if I remember correctly.\n\nLedger Nano X: This is a Ledger but with Bluetooth capability. Connecting via Bluetooth can take some time. Works with an app installed onto my iPhone. Mostly straight forward setup. Has a built in battery that can be charged with USB.', 'https://www.reddit.com/r/Bitcoin/comments/13ob9u8/i_got_trezor_trezor_model_t_ledger_ledger_nano_x/', '13ob9u8', [['u/Aussiehash', 10, '2023-05-22 06:10', 'https://www.reddit.com/r/Bitcoin/comments/13ob9u8/i_got_trezor_trezor_model_t_ledger_ledger_nano_x/jl47s6b/', "Try Seedsigner and Bitbox02.\n\nTrezorOne forces you to type in the passphrase into your computer keyboard if you choose to use one.\n\nColdcard's advanced features like dice roll entropy and 100% airgapped operation with a secure element are mussing from most of the competition.\n\nTrezorT has SLIP39 Shamir secret sharing, but I don't think any other hardware or software supports this.\n\nSparrowWallet is the best multisig wallet by far, but you can reconstruct the exact same multisig quorum with the same XPUB cosigners in Electrum and Specter. When I tried Nunchuk 18 months ago it was unusably buggy.", '13ob9u8']]], ['u/Phuckaq', 'Im a newconer, so ... Cone is the next Bitcoin ?', 26, '2023-05-22 03:02', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/', 'are we gonna be rich ... someday 👀 ?', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/', '13oby7s', [['u/ACorDC', 11, '2023-05-22 03:05', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/jl3ls75/', 'Most of us are already millionaires in Cone. Quite a few billionaires as well. \n\n!tip 420', '13oby7s'], ['u/tsudrat', 17, '2023-05-22 03:06', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/jl3lyad/', 'CONE is a conemunity token for the coneheads, it started out for Cone Head avatar owners but has expanded to anyone who accepts the cone into their heart.\n\nIt’s not trying to be the next bitcoin or moon, it’s just cone. That’s all it needs to be.\n\nThat being said there’s already a lot you can do with Bitcones like tip in the sub !tip 13\n\nYou’ll also earn CONE for every karma you post earns you, but you get it 24 hours after the post instead of once a month like other community tokens you may be familiar with. You can also buy and sell Reddit avatars for cones using our [firstmate marketplace ](https://avatars.firstmate.xyz/cone)', '13oby7s'], ['u/tsudrat', 10, '2023-05-22 03:10', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/jl3mg1n/', 'Bitcone has been around since September and only got attention now from outside communities. I think it has a lot of potential to grow from here tbh.', '13oby7s']]], ['u/0xSOL', 'What wallets did OGs like Satoshi and others use?', 17, '2023-05-22 03:34', 'https://www.reddit.com/r/Bitcoin/comments/13ocmf8/what_wallets_did_ogs_like_satoshi_and_others_use/', 'If anyone has insight to the very early days of Bitcoin, what wallets (I am guessing software) did they use? Electrum came around in 2011 so what was around in 2009? I feel a little lost with all of the different discussions of subpoenas and how the US government can basically take whatever they want, when they want. \n\nI don’t anticipate being subject to having my BTC seized, but it seems like a slippery slope, no?', 'https://www.reddit.com/r/Bitcoin/comments/13ocmf8/what_wallets_did_ogs_like_satoshi_and_others_use/', '13ocmf8', [['u/runtstain', 18, '2023-05-22 03:47', 'https://www.reddit.com/r/Bitcoin/comments/13ocmf8/what_wallets_did_ogs_like_satoshi_and_others_use/jl3r53n/', 'I think when it was first released the Bitcoin core software ran as a 3 in 1 miner/node/wallet and was at some point later separated', '13ocmf8']]], ['u/AutoModerator', '[Daily Discussion] - Monday, May 22, 2023', 28, '2023-05-22 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/', '13ofshy', [['u/therein', 16, '2023-05-22 07:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl4f18q/', 'What a creative move from the market maker. Such a meaningful move, wow.\n\nNow we are kept on the edge of our seats, will it hit 25000 or will it bounce from here. Incredible. He always thinks so out of the box.', '13ofshy'], ['u/Znt', 10, '2023-05-22 17:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl63uql/', 'Dailly [MACD and PPO](https://imgur.com/a/xr99pkP) about to turn to the upside.\n\nMay see some green before July.', '13ofshy'], ['u/delgrey', 13, '2023-05-22 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6ags3/', "So DCG missed their $630MM payment to Genesis. Everyone expected this. But here's a fun quote...\n\n“If Barry was as good at leverage trading/lending his own product ($GBTC) as he is at manipulating the bankruptcy process… we’d all be made whole by now.”", '13ofshy'], ['u/DarthVarn', 12, '2023-05-22 19:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6idgt/', 'Quiet in here today. I bet it gets busy at the end of the month when the powers that be stop playing politics with the economy and raise the debt ceiling - which they absolutely completely and utterly will. 🙄', '13ofshy'], ['u/ReflectionFamiliar68', 13, '2023-05-22 19:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6l2fw/', 'All the media handwringing of "this time may be different". No it\'s not different. If a default occurs the next election will be "throw the bums out" (regardless of party) and they know it.', '13ofshy'], ['u/thewardser', 10, '2023-05-22 21:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6zeyw/', 'back from my trip.\n\nlooks like we are riding the MA100 1D line and whenever that gives up, watch out below.\n\nstill short from $30K', '13ofshy']]], ['u/fiat_failure', 'A husband hid $500,000 in bitcoin during a divorce — and got busted by a crypto hunter', 23, '2023-05-22 06:22', 'https://www.reddit.com/r/Wallstreetsilver/comments/13og8nx/a_husband_hid_500000_in_bitcoin_during_a_divorce/', '\n\nShould have bought a boat and some gold!', 'https://www.cnbc.com/2023/05/20/bitcoin-in-divorce-how-spouses-hide-assets-crypto-hunters-find-them.html', '13og8nx', [['u/IdentifyAsNotZe', 10, '2023-05-22 07:01', 'https://www.reddit.com/r/Wallstreetsilver/comments/13og8nx/a_husband_hid_500000_in_bitcoin_during_a_divorce/jl4cnea/', 'Gold and silver fixes this!', '13og8nx']]], ['u/D3AtHpAcIt0', 'Ok… so what exactly is the plan when someone inevitably puts kiddie porn in a btc ordinal?', 208, '2023-05-22 07:21', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/', 'First of all, unlike NFTs btc ordinals actually have the data onchain, there is no link to be shutdown or nft to be burned, there is just kiddie porn irreversibly on the btc blockchain\n\nIt’s gonna happen eventually, and lemme tell you it is going to be a SHITSHOW because without a hard fork btc would now be illegal to mine, and any servers hosting the blockchain would instantly become illegal distributors of child porn. \n\nall it takes is one loser with 100$.', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/', '13ohdt1', [['u/Ok-Possible-8440', 181, '2023-05-22 08:13', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4iptf/', 'Code is law your honor', '13ohdt1'], ['u/D3AtHpAcIt0', 75, '2023-05-22 08:18', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4j4zv/', 'yeah, the thing is though those links are not considered CP by law because they do not contain the actual illegal data. An ordinal would.', '13ohdt1'], ['u/D3AtHpAcIt0', 17, '2023-05-22 09:00', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4md4r/', 'you store a few dozen kb on it, which is more than enough', '13ohdt1'], ['u/BBQ_RIBZ', 13, '2023-05-22 09:08', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4myxj/', "If memory serves right, the Dune DAO idiots that understand copyright very well uploaded the scans of their book in pieces for like 18ETH of gas or something. Someone would have to commit to the bit really hard, financially, but it's doable.", '13ohdt1'], ['u/robot_slave', 17, '2023-05-22 09:12', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4n9gf/', '400kb if you forward your tx via nodes, 4mb if you get a ~~miner~~ transaction processor to include it in a block for you directly.', '13ohdt1'], ['u/R_Sholes', 16, '2023-05-22 09:57', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4qely/', 'Amazing, not a single sentence of this is correct.\n\nNodes by definition "make it available and share it", that\'s one of their main functions.\n\nPossession is strict liability in many jurisdictions.\n\nHosters are only shielded as long as they keep up their duty to timely remove and report it.', '13ohdt1'], ['u/Remarkable-Ad155', 22, '2023-05-22 11:04', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4uy85/', 'I think we have differing views of the word "hilarious". \n\nIt\'s actually another interesting critique of bitcoin/blockchain though. The victim in that material would have that image stuck on the block chain forever. Horrible thought.', '13ohdt1'], ['u/hawkshaw1024', 62, '2023-05-22 11:14', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4vmtl/', 'This would be against rational self-interest and therefore it is impossible\n\nPrax it out, bro', '13ohdt1'], ['u/alp1838', 32, '2023-05-22 11:43', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4xml4/', 'Or, you could just assume that they meant megabytes not millibytes. You are a human being, not a syntax analyser. You have no reason to pretend to be one, either.', '13ohdt1'], ['u/Siccors', 60, '2023-05-22 11:44', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4xoez/', "Afaik there is already something actually on Bitcoin chain for years, so not just a link. See: [https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content](https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content)\n\n>Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoin’s blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services.\n\nConsidering the second part they mention links explicitly, I would assume the first ones are not links, but actual files.\n\nSo if thats the case nothing really changes all that much. For any server hosting the entire blockchain the solution is fairly simple to make sure you wouldn't be sued for distributing CP: Block that specific part from being downloaded, and keep everything else available. \n\nThe larger issue would be however, not just distributing CP is illegal, also owning it is.", '13ohdt1'], ['u/dipole_', 29, '2023-05-22 11:48', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4xyk5/', 'I thought this had already happened? Can’t remember where I read it, maybe it was just suggesting the possibility. But I agree, it’s inevitable.', '13ohdt1'], ['u/WillistheWillow', 34, '2023-05-22 13:01', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl53phy/', '"Then the market will fix it somehow!" - Free market libertarians', '13ohdt1'], ['u/Either_Branch3929', 33, '2023-05-22 13:37', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl571r2/', '"Age of consent laws are unnecessary!" - Free market libertarians', '13ohdt1'], ['u/arkad-IV', 14, '2023-05-22 13:43', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl57meb/', "They'd be called Cardinals, and be treated just like the Catholic Church does.", '13ohdt1'], ['u/Folsomdsf', 34, '2023-05-22 14:17', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5b50k/', "You can't block that part. Otherwise it can't be individually validated", '13ohdt1'], ['u/Ah_The_Old_Reddit-', 17, '2023-05-22 14:26', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5c6nu/', 'I\'m know that one of the block size forks (BSV) had some when it added a larger data field for transactional metadata (a "message" field), if only because it led to my favorite /u/dgerard quote ever:\n\n[Child porn, but on the blockchain, was not part of Satoshi’s vision — but it’s now literally part of Satoshi’s Vision](https://davidgerard.co.uk/blockchain/2019/02/10/news-quadrigacx-swift-and-ripple-mt-gox-illegal-abuse-images-on-bitcoin-sv-blockchain/)', '13ohdt1'], ['u/Detton', 17, '2023-05-22 15:48', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5m21o/', '"Mental maturity should be enough :)" \n\n\nUgh, just...ugh.', '13ohdt1'], ['u/GoldenFrogTime27639', 25, '2023-05-22 15:54', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5mx5e/', "You're telling me that if I have $100 I can put a picture of my balls on the blockchain? Lol", '13ohdt1'], ['u/D3AtHpAcIt0', 15, '2023-05-22 15:59', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5nm6a/', 'The future of finance!', '13ohdt1'], ['u/NotADamsel', 10, '2023-05-22 16:17', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5q3j9/', 'Whenever I hear that I’m tempted to go find and link to stats showing how the brain doesn’t really stop growing until after the current age of consent. As in, “mental maturity” would drive it up not down!', '13ohdt1'], ['u/PatchworkFlames', 10, '2023-05-22 16:27', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5rgti/', 'You can send an NFT of revenge porn of your ex that runs a smart contract to drain her funds into your account when she tries to get rid of it.\n\nYour ex’s titties can live immutably on the blockchain forever.', '13ohdt1'], ['u/Basswail', 11, '2023-05-22 16:29', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5rt2e/', "I want to go to China and host all Taylor Swift songs on the Blockchain, lol.\n\nIn all seriousness, that's a very good point, this becomes a lot more complicated when it's not CP, or something else that everyone agrees is shitty. Makes me wonder if we will see memes criticizing the CCCP, etc.", '13ohdt1'], ['u/ArnaktFen', 10, '2023-05-22 16:56', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5vs0l/', 'However, the cryptobros/libertarians advocating for this stuff consider themselves responsible adults despite having the mental maturity of approximately 1.01 Elon Musks, so their bar for mature is pretty dang low.', '13ohdt1'], ['u/kilr13', 10, '2023-05-22 17:45', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl637g8/', 'Bitcoin is 14 this year. Only 4 more years until libertarians lose interest in it!', '13ohdt1']]], ['u/rBitcoinMod', 'Daily Discussion, May 22, 2023', 25, '2023-05-22 08:09', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13nko3w/daily_discussion_may_21_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/', '13oiafs', [['u/GoElastic', 10, '2023-05-22 13:42', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/jl57jpz/', 'I do not think there will be much excitement until Sep/Oct this year.\n\nSummer is coming...\n\nStacking sats is exciting the entire year though ;)', '13oiafs'], ['u/escodelrio', 11, '2023-05-22 15:13', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/jl5hkxh/', "Historical Bitcoin prices for today, May 22nd:\r \n\r \n2023 - $26,766\r \n2022 - $30,287\r \n2021 - $37,448\r \n2020 - $9,170\r \n2019 - $7,636\r \n2018 - $8,006\r \n2017 - $2,124\r \n2016 - $440\r \n2015 - $240\r \n2014 - $515\r \n2013 - $124\r \n2012 - $5.1\r \n2011 - $6.7\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/22/2023 is $9,093.34.", '13oiafs'], ['u/HurricaneHarvey7', 10, '2023-05-22 17:36', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/jl61t2b/', 'I just spent time on the phone trying to help my aunt understand how to email herself a photo.\n\nHyperbitcoinization is not happening anytime soon.', '13oiafs']]], ['u/rikbona', "I'm gonna buy an original Coneheads nft if this post hit 1k upvotes 🤟🏼", 74, '2023-05-22 08:11', 'https://www.reddit.com/r/ConeHeads/comments/13oic79/im_gonna_buy_an_original_coneheads_nft_if_this/', "let me feel your presence, you all 🤟🏼\n\n\n\nI wanna become poor and buy me that NFT, so don't be shy and click that shiny arrow 😍\n\n\n\nps: happy bitcoin pizza day, with the hope $CONE will have the same day too", 'https://www.reddit.com/r/ConeHeads/comments/13oic79/im_gonna_buy_an_original_coneheads_nft_if_this/', '13oic79', [['u/Phuckaq', 10, '2023-05-22 08:54', 'https://www.reddit.com/r/ConeHeads/comments/13oic79/im_gonna_buy_an_original_coneheads_nft_if_this/jl4luxo/', 'why not just buy it already. maybe half that votes or even quarter...', '13oic79']]], ['u/CryptoKingSA', 'Happy Bitcoin Pizza 🍕 Day', 621, '2023-05-22 10:08', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/', "Bitcoin Pizza Day is celebrated on May 22.\n\nThe 1st ever-use case was demonstrated by Laszlo Hanyecz when he decided to buy two large pizzas with 10,000 Bitcoin worth $41.\n\nMany people feel sorry for Laszlo but he feels proud that he and his family will be remembered forever!\n\nWhat's your thoughts on this 🤨", 'https://i.redd.it/qwf80kentd1b1.png', '13okhfg', [['u/mcrech', 14, '2023-05-22 10:40', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl4tapq/', 'Link to the original post:\n\nhttps://bitcointalk.org/index.php?topic=137.0', '13okhfg'], ['u/repomies69', 13, '2023-05-22 11:07', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl4v4gf/', 'He had probably tens of thousands of coins. At that time you could buy lots of coins for minimal amounts. It is not really relevant to advertise what his actual financial position regarding his bitcoins were, and similarly I find it weird to assume that he spent all his bitcoins for pizza.', '13okhfg'], ['u/losttraveler36', 12, '2023-05-22 12:08', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl4zfqz/', 'Those two pizzas were the start of bitcoins momentum to change the world', '13okhfg'], ['u/carlysprando', 11, '2023-05-22 12:39', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl51wub/', 'I would say the same thing if I was him, even if I had saved a bunch of coins. \n\nHe would have to be an idiot to publicly announce that he still owns a ton of bitcoin.', '13okhfg'], ['u/ethereumhodler', 17, '2023-05-22 18:02', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl65ti9/', 'It makes me laugh how many people are laughing because he would be now a billionaire. But he did exactly what lots of people on this sub are advertising we should do with our BTC and used it as currency. Lots of people are pumping their fist in the air screaming revolution and fuck the fiat system but most at the same time says things like never sell your BTC.', '13okhfg'], ['u/Houdinii1984', 10, '2023-05-22 19:23', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl6idxi/', "He's only not a billionaire if he stopped. If you're using 100000BTC in 2010, you've probably got a few stashed away for a rainy day. In comparison to me, who in 2010 did have bitcoin but couldn't tell you where it was come 2011, and still doesn't have a huge stockpile in 2023. \n\nHe was interviewed somewhat recently and said he still 'plays around' with Bitcoin and the dude makes 6 figures as a developer.", '13okhfg']]], ['u/Bed_storm', 'Creating your own secure hardware wallet with a old USB stick', 345, '2023-05-22 10:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13okuvm/creating_your_own_secure_hardware_wallet_with_a/', 'Amid all the ledger drama, alot of people are looking for a new reliable hardware wallet. I would like to share my air-tight setup I use to store my crypto, I\'ll try to link all resources i use at the end so you can follow easily. We will be using the Tails operating system on an old USB stick you probably have laying around.\n\nBenefits of Using Tails for Offline Wallet:\n\n1. Enhanced Privacy: Tails is a privacy-focused operating system that routes your internet connections through the Tor network, ensuring your activities remain anonymous and your IP address is concealed.\n2. Air Gap Security: By using Tails on an offline computer or bootable USB, you create an "air gap" between your wallet and the internet. This means your private keys are never exposed to potential online threats, such as malware or hackers.\n3. Isolation from Malware: Tails is designed to be immune to most malware and viruses. By running your wallet on a Tails USB, you drastically reduce the risk of your private keys being compromised by malicious software.\n4. Data Encryption: Tails provides built-in encryption tools, which you can use to secure your wallet\'s private keys. This ensures that even if someone gains physical access to your USB, they won\'t be able to decipher your sensitive information.\n\nStep 1: Download and Prepare Tails:\n\n1. Visit the official Tails website ([https://tails.boum.org](https://tails.boum.org/)) and download the latest version of Tails according to your computer\'s specifications.\n2. Create a bootable USB using the Tails installer. Follow the step-by-step instructions provided on the Tails website for your specific operating system.\n\nStep 2: Boot into Tails:\n\n1. Insert the bootable USB into your computer and restart it.\n2. During the startup process, access the boot menu by pressing the designated key (usually F12 or Esc) and select the USB device as the boot option.\n3. Tails will load from the USB, and you\'ll be presented with the Tails desktop environment.\n\nStep 3: Make a wallet:\n\n1. According to the wallet you need (Bitcoin/Ethereum) follow the respective guides below:[https://electrum.readthedocs.io/en/latest/tails.html](https://electrum.readthedocs.io/en/latest/tails.html) (Bitcoin)[https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html](https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html) (Ethereum)\n\nStep 4: Secure Storage and Backup:\n\n1. Once you have your backup phrase(s), consider printing and laminating them.\n2. Make multiple copies of the papers and store them in secure, separate locations.\n3. You may also consider using a fireproof and waterproof safe or engraving the secret on metal for added protection.\n\nThere are obviously some drawbacks to this method such as the lack of a secure-core element present in devices like a ledger, but if you do not trust ledger, the secure element doesn\'t really provide any extra protection anyway, as seen with the latest update.\n\nEDIT: To all the people worried about the USB stick not lasting long, the funds AREN\'T on the USB stick. They are on the blockchain, the USB stick only provides a medium to access those funds using your secret phrase. As long as you keep your phrase safe, your funds are safe.\n\n\n\nReferences:\\- [https://tails.boum.org/](https://tails.boum.org/), [https://www.youtube.com/watch?v=nRztIE\\_hRzM](https://www.youtube.com/watch?v=nRztIE_hRzM), [https://www.youtube.com/watch?v=ZYpi4A20\\_lQ](https://www.youtube.com/watch?v=ZYpi4A20_lQ), [https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html](https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html), [https://electrum.readthedocs.io/en/latest/tails.html](https://electrum.readthedocs.io/en/latest/tails.html), [https://xmrguide.org/tails/gui/install](https://xmrguide.org/tails/gui/install)', 'https://www.reddit.com/r/CryptoCu... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin at $26.8K maintains its debt-ceiling holding pattern. Insights: Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle. Prices CoinDesk Market Index (CMI) 1,162 +4.9 ▲ 0.4% Bitcoin (BTC) $26,866 +108.3 ▲ 0.4% Ethereum (ETH) $1,819 +13.9 ▲ 0.8% S&P 500 4,192.63 +0.6 ▲ 0.0% Gold $1,972 −6.7 ▼ 0.3% Nikkei 225 31,086.82 +278.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,162 +4.9 ▲ 0.4% Bitcoin (BTC) $26,866 +108.3 ▲ 0.4% Ethereum (ETH) $1,819 +13.9 ▲ 0.8% S&P 500 4,192.63 +0.6 ▲ 0.0% Gold $1,972 −6.7 ▼ 0.3% Nikkei 225 31,086.82 +278.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Boring Bitcoin Slumbers Near $27K Bitcoin held comfortably in its most recent range on Monday as investors weighed the latest developments in the U.S. debt ceiling stalemate. The largest cryptocurrency by market capitalization was recently trading at about $26,866, up 0.4%. BTC has hovered between $26,500 and $27,500 for almost two weeks, according to CoinDesk data , amid macroeconomic uncertainties, including concerns that U.S. President Joe Biden and House leadership would be unable to reach an agreement about raising the country’s debt limit. “Crypto traders are not sure how Bitcoin will behave throughout the next several days of debt ceiling negotiations,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a note. Moya added: The risk of default is very small but if it were to happen, that could feel like an uppercut to risk appetite, which would send cryptos sharply lower. Bitcoin appears content to trade near the lower boundaries of its recent trading range between $26,500 and $30,000.” Since 1960, the government has increased the debt limit 78 times, but the current, charged political environment has raised anxiety about the willingness of lawmakers to work together. Story continues In a letter to Speaker of the House Kevin McCarthy (R-Calif.), U.S. Treasury Secretary Janet Yellen reiterated a May 15 warning that without an agreement, “the Treasury Department would be unable to satisfy all the government’s obligations by early June, and potentially as early as June 1.” “We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen added. “We have already seen Treasury’s borrowing boats increase substantially for securities maturing in June.” Ether was recently changing hands at about $1,820, up 0.8%. The second largest crypto in market value has been similarly range-bound between $1,750 and $1,850 over the past two weeks. Other major cryptos were largely in the green, albeit paler shades, with TRX and AVAX, the tokens of smart contracts platform Tron and Avalanche, recently up 3.8% and 2.3%, respectively. The CoinDesk Market Index, a measure of crypto markets performance, recently rose 0.4% Among major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets. Meanwhile, in an interview with CoinDesk TV’s “First Mover” program Monday, Ahmed Ismail, CEO of quant-based liquidity aggregator Fluid, said that the retreat of market makers Jane Street and Jump Trading from crypto trading in the U.S. had spooked investors, decreasing an already dwindling supply of market liquidity. “One of the very big problems that crypto suffers with is liquidity being massively fragmented, and events such as this only exacerbate the problem,” Ismail said. “So what we\'re seeing right now is there is not much activity because liquidity is even more fragmented, and markets are very inefficient. As a result, you will see I think we are seeing certain narratives coming back. Ismail noted an increase in call options on crypto exchange Bybit, a signal of unrest about the debt ceiling and other macroeconomic uncertainties. “The narrative of people taking liquidity out because they’re afraid of what’s going to happen and the uncertainty around the debt ceiling, that’s certainly a huge problem in keeping (the) crypto crisis so narrow now.” Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +3.4% Currency Avalanche AVAX +2.7% Smart Contract Platform Polygon MATIC +1.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −0.5% Smart Contract Platform Terra LUNA −0.5% Smart Contract Platform Solana SOL −0.3% Smart Contract Platform Insights Crypto as Hedge With the U.S. mired in political stasis while other regions build crypto frameworks, it’s worth looking at the evolution of, and outlook for, on-the-ground demand for crypto assets. This is getting more and more relevant as many large countries struggle with skyrocketing inflation, shaky currencies and autocratic control over financial access, and as populations become increasingly crypto-aware and a lack of trust in centralized institutions grows. Last week, the government of Pakistan (the fifth largest country in the world in terms of population, with over 239 million inhabitants) was reported to have said that cryptocurrencies “will never be legalized” in Pakistan, in order to avoid FATF penalties . Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. This may sound on the surface like an overreaction to FATF’s crypto stance – last Thursday, the organization’s president published a letter titled “ An end to the lawless crypto space ” which urges crypto regulation rather than a total ban. Then again, Pakistan has a somewhat tense relationship with the FATF, and just last October was taken off its “grey list” (which labels certain countries as having “deficiencies” in their AML controls, which in turn can lead to limited participation in global finance). It’s also not hard to see the hand of the International Monetary Fund. Pakistan is currently in talks with the organization regarding a bailout package, although negotiations seem stalled and concern about the country’s political and economic issues is starting to affect neighboring nations. The IMF has not been shy about its unease with crypto markets, and a few months ago, reports surfaced that it had applied crypto-suppression conditions to negotiations with Argentina. Read the full story here: Important events. 4:00 p.m. HKT/SGT(8:00 UTC) Hamburg Commercial Bank Composite PMI (May) 4:30 p.m. HKT/SGT(8:30 UTC) United Kingdom S&P Global/CIPS Services PMIU (May) 6:45 p.m. HKT/SGT(22:45 UTC) New Zealand Retail Sales (QoQ/Q1) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Sees Tightest Price Range in Months; Polygon Co-Founder on Web3 Outlook Glassnode data revealed that bitcoin (BTC) is settling into the tightest price range it has seen in months, despite looming concerns about the stability of U.S. regional banks and the country\'s debt ceiling. FLUID CEO Ahmed Ismail shared his crypto markets analysis. Plus, Polygon co-founder Sandeep Nailwal discussed launching a Web3 fellowship program. And, Litecoin Foundation managing director Alan Austin weighed in on the recent surge in Litecoin activity amid the frenzy surrounding Ordinals. Headlines Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko : Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion. Seeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop : Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships. U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say : The Treasury\'s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower. DEX Mangrove Launches on Polygon Testnet, Plans to Go Live on Mainnet in June : Wintermute and Cumberland-backed Mangrove plans a mainnet launch of its programmable order book DEX in early June. Gemini Says Genesis Parent DCG Missed $630 Million Payment : Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin at $26.8K maintains its debt-ceiling holding pattern.\nInsights:Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle.\nCoinDesk Market Index (CMI)\n1,162\n+4.9▲0.4%\nBitcoin (BTC)\n$26,866\n+108.3▲0.4%\nEthereum (ETH)\n$1,819\n+13.9▲0.8%\nS&P 500\n4,192.63\n+0.6▲0.0%\nGold\n$1,972\n−6.7▼0.3%\nNikkei 225\n31,086.82\n+278.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,162", "+4.9\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,866", "+108.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,819", "+13.9\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,192.63", "+0.6\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,972", "\\u22126.7\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,086.82", "+278.5\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBoring Bitcoin Slumbers Near $27K\nBitcoin held comfortably in its most recent range on Monday as investors weighed the latest developments in the U.S. debt ceiling stalemate.\nThe largest cryptocurrency by market capitalization was recently trading at about $26,866, up 0.4%. BTC has hovered between $26,500 and $27,500 for almost two weeks,according to CoinDesk data, amid macroeconomic uncertainties, including concerns that U.S. President Joe Biden and House leadership would be unable to reach an agreement about raising the country’s debt limit.\n“Crypto traders are not sure how Bitcoin will behave throughout the next several days of debt ceiling negotiations,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a note.\nMoya added: The risk of default is very small but if it were to happen, that could feel like an uppercut to risk appetite, which would send cryptos sharply lower. Bitcoin appears content to trade near the lower boundaries of its recent trading range between $26,500 and $30,000.”\nSince 1960, the government has increased the debt limit 78 times, but the current, charged political environment has raised anxiety about the willingness of lawmakers to work together.\nIn a letter to Speaker of the House Kevin McCarthy (R-Calif.), U.S. Treasury Secretary Janet Yellen reiterated a May 15 warning that without an agreement, “the Treasury Department would be unable to satisfy all the government’s obligations by early June, and potentially as early as June 1.”\n“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen added. “We have already seen Treasury’s borrowing boats increase substantially for securities maturing in June.”\nEther was recently changing handsat about $1,820, up 0.8%. The second largest crypto in market value has been similarly range-bound between $1,750 and $1,850 over the past two weeks. Other major cryptos were largely in the green, albeit paler shades, with TRX and AVAX, the tokens of smart contracts platform Tron and Avalanche, recently up 3.8% and 2.3%, respectively. The CoinDesk Market Index, a measure of crypto markets performance, recently rose 0.4%\nAmong major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets.\nMeanwhile, in an interview with CoinDesk TV’s “First Mover” program Monday, Ahmed Ismail, CEO of quant-based liquidity aggregator Fluid, said that the retreat of market makers Jane Street and Jump Trading from crypto trading in the U.S. had spooked investors, decreasing an already dwindling supply of market liquidity.\n“One of the very big problems that crypto suffers with is liquidity being massively fragmented, and events such as this only exacerbate the problem,” Ismail said. “So what we\'re seeing right now is there is not much activity because liquidity is even more fragmented, and markets are very inefficient. As a result, you will see I think we are seeing certain narratives coming back.\nIsmail noted an increase in call options on crypto exchange Bybit, a signal of unrest about the debt ceiling and other macroeconomic uncertainties. “The narrative of people taking liquidity out because they’re afraid of what’s going to happen and the uncertainty around the debt ceiling, that’s certainly a huge problem in keeping (the) crypto crisis so narrow now.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.4%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nCrypto as Hedge\nWith the U.S. mired in political stasis while other regions build crypto frameworks, it’s worth looking at the evolution of, and outlook for, on-the-ground demand for crypto assets. This is getting more and more relevant as many large countries struggle with skyrocketing inflation, shaky currencies and autocratic control over financial access, and as populations become increasingly crypto-aware and a lack of trust in centralized institutions grows.\nLast week, the government of Pakistan (thefifth largest country in the worldin terms of population, with over 239 million inhabitants) wasreported to have saidthat cryptocurrencies “will never be legalized” in Pakistan, in order to avoidFATF penalties.\nNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from herCrypto Is Macro Nownewsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.\nThis may sound on the surface like an overreaction to FATF’s crypto stance – last Thursday, the organization’s president published a letter titled “An end to the lawless crypto space” which urges crypto regulation rather than a total ban.\nThen again, Pakistan has a somewhat tense relationship with the FATF, andjust last October was taken offits “grey list” (which labels certain countries as having “deficiencies” in their AML controls, which in turn can lead to limited participation in global finance).\nIt’s also not hard to see the hand of the International Monetary Fund. Pakistan iscurrently in talkswith the organization regarding a bailout package, although negotiations seem stalled andconcern aboutthe country’s political and economic issues is starting to affect neighboring nations. The IMF hasnot been shyabout its unease with crypto markets, and a few months ago, reports surfaced thatit had appliedcrypto-suppression conditions to negotiations with Argentina.\nRead the full storyhere:\n4:00 p.m. HKT/SGT(8:00 UTC)Hamburg Commercial Bank Composite PMI (May)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMIU (May)\n6:45 p.m. HKT/SGT(22:45 UTC)New Zealand Retail Sales (QoQ/Q1)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Sees Tightest Price Range in Months; Polygon Co-Founder on Web3 Outlook\nGlassnode data revealed that bitcoin (BTC) is settling into the tightest price range it has seen in months, despite looming concerns about the stability of U.S. regional banks and the country\'s debt ceiling. FLUID CEO Ahmed Ismail shared his crypto markets analysis. Plus, Polygon co-founder Sandeep Nailwal discussed launching a Web3 fellowship program. And, Litecoin Foundation managing director Alan Austin weighed in on the recent surge in Litecoin activity amid the frenzy surrounding Ordinals.\nTether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko:Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.\nSeeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop:Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships.\nU.S. Debt Deal Could Weigh On Bitcoin Price, Some Say:The Treasury\'s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.\nDEX Mangrove Launches on Polygon Testnet, Plans to Go Live on Mainnet in June:Wintermute and Cumberland-backed Mangrove plans a mainnet launch of its programmable order book DEX in early June.\nGemini Says Genesis Parent DCG Missed $630 Million Payment:Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin at $26.8K maintains its debt-ceiling holding pattern.\nInsights:Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle.\nCoinDesk Market Index (CMI)\n1,162\n+4.9▲0.4%\nBitcoin (BTC)\n$26,866\n+108.3▲0.4%\nEthereum (ETH)\n$1,819\n+13.9▲0.8%\nS&P 500\n4,192.63\n+0.6▲0.0%\nGold\n$1,972\n−6.7▼0.3%\nNikkei 225\n31,086.82\n+278.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,162", "+4.9\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,866", "+108.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,819", "+13.9\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,192.63", "+0.6\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,972", "\\u22126.7\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,086.82", "+278.5\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBoring Bitcoin Slumbers Near $27K\nBitcoin held comfortably in its most recent range on Monday as investors weighed the latest developments in the U.S. debt ceiling stalemate.\nThe largest cryptocurrency by market capitalization was recently trading at about $26,866, up 0.4%. BTC has hovered between $26,500 and $27,500 for almost two weeks,according to CoinDesk data, amid macroeconomic uncertainties, including concerns that U.S. President Joe Biden and House leadership would be unable to reach an agreement about raising the country’s debt limit.\n“Crypto traders are not sure how Bitcoin will behave throughout the next several days of debt ceiling negotiations,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a note.\nMoya added: The risk of default is very small but if it were to happen, that could feel like an uppercut to risk appetite, which would send cryptos sharply lower. Bitcoin appears content to trade near the lower boundaries of its recent trading range between $26,500 and $30,000.”\nSince 1960, the government has increased the debt limit 78 times, but the current, charged political environment has raised anxiety about the willingness of lawmakers to work together.\nIn a letter to Speaker of the House Kevin McCarthy (R-Calif.), U.S. Treasury Secretary Janet Yellen reiterated a May 15 warning that without an agreement, “the Treasury Department would be unable to satisfy all the government’s obligations by early June, and potentially as early as June 1.”\n“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen added. “We have already seen Treasury’s borrowing boats increase substantially for securities maturing in June.”\nEther was recently changing handsat about $1,820, up 0.8%. The second largest crypto in market value has been similarly range-bound between $1,750 and $1,850 over the past two weeks. Other major cryptos were largely in the green, albeit paler shades, with TRX and AVAX, the tokens of smart contracts platform Tron and Avalanche, recently up 3.8% and 2.3%, respectively. The CoinDesk Market Index, a measure of crypto markets performance, recently rose 0.4%\nAmong major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets.\nMeanwhile, in an interview with CoinDesk TV’s “First Mover” program Monday, Ahmed Ismail, CEO of quant-based liquidity aggregator Fluid, said that the retreat of market makers Jane Street and Jump Trading from crypto trading in the U.S. had spooked investors, decreasing an already dwindling supply of market liquidity.\n“One of the very big problems that crypto suffers with is liquidity being massively fragmented, and events such as this only exacerbate the problem,” Ismail said. “So what we\'re seeing right now is there is not much activity because liquidity is even more fragmented, and markets are very inefficient. As a result, you will see I think we are seeing certain narratives coming back.\nIsmail noted an increase in call options on crypto exchange Bybit, a signal of unrest about the debt ceiling and other macroeconomic uncertainties. “The narrative of people taking liquidity out because they’re afraid of what’s going to happen and the uncertainty around the debt ceiling, that’s certainly a huge problem in keeping (the) crypto crisis so narrow now.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.4%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nCrypto as Hedge\nWith the U.S. mired in political stasis while other regions build crypto frameworks, it’s worth looking at the evolution of, and outlook for, on-the-ground demand for crypto assets. This is getting more and more relevant as many large countries struggle with skyrocketing inflation, shaky currencies and autocratic control over financial access, and as populations become increasingly crypto-aware and a lack of trust in centralized institutions grows.\nLast week, the government of Pakistan (thefifth largest country in the worldin terms of population, with over 239 million inhabitants) wasreported to have saidthat cryptocurrencies “will never be legalized” in Pakistan, in order to avoidFATF penalties.\nNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from herCrypto Is Macro Nownewsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.\nThis may sound on the surface like an overreaction to FATF’s crypto stance – last Thursday, the organization’s president published a letter titled “An end to the lawless crypto space” which urges crypto regulation rather than a total ban.\nThen again, Pakistan has a somewhat tense relationship with the FATF, andjust last October was taken offits “grey list” (which labels certain countries as having “deficiencies” in their AML controls, which in turn can lead to limited participation in global finance).\nIt’s also not hard to see the hand of the International Monetary Fund. Pakistan iscurrently in talkswith the organization regarding a bailout package, although negotiations seem stalled andconcern aboutthe country’s political and economic issues is starting to affect neighboring nations. The IMF hasnot been shyabout its unease with crypto markets, and a few months ago, reports surfaced thatit had appliedcrypto-suppression conditions to negotiations with Argentina.\nRead the full storyhere:\n4:00 p.m. HKT/SGT(8:00 UTC)Hamburg Commercial Bank Composite PMI (May)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMIU (May)\n6:45 p.m. HKT/SGT(22:45 UTC)New Zealand Retail Sales (QoQ/Q1)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Sees Tightest Price Range in Months; Polygon Co-Founder on Web3 Outlook\nGlassnode data revealed that bitcoin (BTC) is settling into the tightest price range it has seen in months, despite looming concerns about the stability of U.S. regional banks and the country\'s debt ceiling. FLUID CEO Ahmed Ismail shared his crypto markets analysis. Plus, Polygon co-founder Sandeep Nailwal discussed launching a Web3 fellowship program. And, Litecoin Foundation managing director Alan Austin weighed in on the recent surge in Litecoin activity amid the frenzy surrounding Ordinals.\nTether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko:Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.\nSeeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop:Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships.\nU.S. Debt Deal Could Weigh On Bitcoin Price, Some Say:The Treasury\'s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.\nDEX Mangrove Launches on Polygon Testnet, Plans to Go Live on Mainnet in June:Wintermute and Cumberland-backed Mangrove plans a mainnet launch of its programmable order book DEX in early June.\nGemini Says Genesis Parent DCG Missed $630 Million Payment:Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.', 'Massachusetts ranks 4th in the nation for incoming shipments of cocaine seized by the U.S. Postal Service. That’s according to 25 Investigates’ analysis of U.S. Postal Inspection Service data from January 2020 to December 2022. Postal inspectors reported 296 cocaine seizures in Massachusetts over that three-year period: amounting to nearly half a ton of cocaine. Massachusetts also ranks 7th in the country for inbound mail shipments of synthetic opioids like fentanyl – with 47 shipments seized. With 24 million packages passing through the U.S. mail a day, most drug shipments go undetected. “When you look at the big urban areas, that’s where most of the drugs are flowing there,” lawyer Evan Gotlob told investigative reporter Ted Daniel. Gotlob said he worked hundreds of drug cases in the eight years he spent as a federal prosecutor in Boston. He now works as a defense attorney for the Boston office of Saul Ewing. Gotlob says drug dealers send their products by mail to reduce cost and risk. And dealers go to great lengths to disguise or hide contraband “I think the craziest one I ever saw, there were 15,000 meth pills in a Lego box,” Gotlob said. “You don’t know where the drugs are coming from. There’s never a return address. And a lot of these drugs, there’s no scent to them.” 25 Investigates looked at some of the biggest drug conspiracy cases announced by the Massachusetts U.S. Attorney’s office in recent years. 25 Investigates has found at least 8 cases since 2016 where federal authorities in Massachusetts have pressed charges against dozens of people who allegedly trafficked drugs through the mail. ‘One Family Clique’ One federal affidavit reviewed by 25 Investigates described packages sent to 01826, a zip code in Dracut. One priority mail package sent to a Dracut home was described as having: “998 grams of cocaine stored inside a dog food container”. Federal prosecutors linked the shipment to the Lowell-based street gang “One Family Clique.” Story continues In 2021, federal prosecutors charged 15 of the gang’s members and associates for allegedly perpetrating a large-scale and long-running drug trafficking and money laundering conspiracy. Drugs they trafficked in included: heroin, cocaine, cocaine base, fentanyl, methamphetamine and MDMA. Prosecutors allege that gang members starting in 2019 used the U.S. Postal Service to receive shipments of illegal narcotics and ship cash proceeds to suppliers. Most of the drug packages came from California. Low level associates were paid 250 dollars to receive them at their homes The affidavit places gang members at post offices in Tewksbury and Billerica. And a “stash house” in Lowell, where gang meetings and other illegal activities took place. Among the drugs seized in the One Family Clique investigation: a package sent from California to Nashua, N.H. with 10.6 pounds of crystal meth. “A dangerous game” The U.S. Postal Inspection Service says eliminating drugs and contraband by mail is a top priority. Daniel Adame oversees drug inspections for the USPIS. “When we can take do a big takedown arrest – 10 to 15 drug dealers at the same time – that’s certainly a show of force that we put out there to say we don’t want this in our system and we’re going to do everything we can to stop it,” said Adame, the Postal Inspector in Charge of the Contraband Interdiction and Investigations Division for USPIS. Nationwide, USPIS reported 404 seizures of meth, 421 of cocaine, 269 of synthetic opioids and 55 seizures of heroin from October to December 2022. Postal inspectors nationwide remove drugs from the mail and help investigate and arrest criminals to disrupt drug trafficking networks, according to a 2020 strategy plan . That includes 2,562 arrests in 2019 alone. Penalties for trafficking drugs through mail often carry mandatory prison sentences of at least 5 years for small quantities and ten years for larger quantities. “You could take off low level members all day, but the impact will not be as much as if you take off a supplier, where you’re really kind of going to the heart of something and dismantling the drug trafficking organization,” Adame said. To have the most impact, Adame said: “You have to take their drugs, you have to take their guns and you have to take their money. Adame said their goal is interdicting drugs at the earliest point in the mail stream. To inspect a package, law enforcement must usually obtain a search warrant based on reasonable suspicion. That’s because U.S. Mail is protected by the Fourth Amendment. Confiscated packages will be sent out for testing if postal inspectors find white powders or other suspicious materials. The Postal Service also works on educating postal employees about the danger of being recruited to deliver packages. In November 2022 , a Lowell postal worker pleaded guilty in federal court in Boston for allegedly attempting to bribe a postal supervisor. Prosecutors alleged the worker asked the supervisor to help him in a scheme to divert postal packages suspected of containing cocaine. The worker was alleged to have left $850 in a Dunkin Donuts bag outside the supervisor’s car to entice him, and later told him: “That was a nice envelope for starts.” When drugs are detected in the mail, investigators will often have the package delivered to see who accepts it. That’s according to Anthony Cangelosi – a former Homeland Security investigator turned criminal justice professor at John Jay College of Criminal Justice in New York. From there, he says they will follow the drugs to identify bigger players. “The more sophisticated they are, the more safety nets they’re building in,” Cangelosi told Ted Daniel. “So it’s not uncommon if someone up the food chain contracts with someone down. Once they know something’s wrong, they cut off all communication with that person.” “Sometimes we have to interdict drugs just to get them, get them out and destroy them,” he said. “Other times, we’re building cases. Some of these cases take three or four years to develop.” Adame said going after drug trafficking organizations is crucial – but requires agility. “Drug trafficking organizations change quickly,” Adame said. “Once you find that you’re able to be effective in seizing or interdicting drugs, they will change their course and we have to be agile enough to do that as well. Adame said the agency launched a task force officer program in 2020 to help state and local law enforcement better work together nationwide. He said that partnership, local insight and sharing of resources like canines has proved invaluable. The U.S. recently announced a new Southwestern Border Initiative as part of the White House Task Force on Illicit Drugs. “It’s a dangerous game, but something that we take very seriously because we don’t want to be an unwitting accomplice in delivering drugs across the country,” Adame said. Adame said he’s also seen drug cartels sprouting in more rural areas, where such trafficking can have an even greater impact in communities with less resources. He said shipments of drugs primarily come from two regions of the country: the southwest border area of the country - California, Arizona, New Mexico and Texas. And then, Puerto Rico. “Puerto Rico for us is really a pipeline for cocaine into the United States,” he said. “In the southwest border, you really see the fentanyl, the cocaine and the methamphetamine that are coming through in high volumes because they’re being smuggled across that Southwest border.” “This poison is going… across the country” Data reviewed by 25 Investigates shows examples of large packages of narcotics sent to zip codes in Lowell, Ma. – and then smaller shipments of drugs sent out and later seized. “Certainly you see, usually, larger shipments coming into one location and maybe being distributed from there, whether in the local community or maybe in a different way,” Adame said. “Sometimes dark web vendors will get a larger shipment and then ship them out in smaller packages across the country.” With the rise of the dark web over the last two decades, postal inspectors’ work has grown more complicated. “The dark Web offers a level of anonymity to talk to buyers and sellers,” Adame said. “You’re able to disguise it on the dark Web, under the Tor network. And you’re able to peddle your deadly poisons to anybody who can get on to the dark web and make a purchase.” In March 2022, a federal court judge in Boston sentenced the 25-year-old Brockton leader of a dark web drug operation that advertised cocaine, Xanax, Keatmine and MDMA – also known as ecstasy. The Brockton man got eight years in prison and three years of supervised release. And he had to forfeit 59 Bitcoin – then worth over $2 million. Prosecutors say the leader of the drug organization got wholesale quantities of controlled substances in the mail from various international sources. Then, he and co-conspirators processed and manufactured those drugs at an office space rented in Stoughton. They then mailed the drugs to customers throughout the nation. Keeping a close eye on data trends is key, according to Adame. “We look at a lot of data,” Adame said. “We look at past seizures. We look at ongoing cases, things that may link current cases to other parcels that may be out there.” “We’re a small piece of a very much bigger drug game in this country. and we understand what role we play,” Adame said. “Many times what we do leads to bigger investigations and bigger seizures.” And even more vital, as deadly fentanyl snakes through the country, drug traffickers market to young people online and tens of thousands of people die of overdoses. “This poison is going to all the communities across the country,” Adame said. “And we have made it a priority to attack fentanyl and to really do everything that we can to get it out of the mainstream.” “Whether that’s through cargo, through human carry vehicles, whatever it may be, or a tunnel system,” he said. Around 2018 and 2019, fentanyl shifted from an international to a domestic problem, he said. “There was a shift in how fentanyl was getting into the country, specifically where in the past we were seeing it more directly mailed into the country in 2013 through about 2018,” Adame said. “Since then, we really see it in domestic mail because really it’s Chinese working with Mexican cartels to produce it in Mexico, and it’s smuggled into the country in a number of different ways.” In 2018, the federal STOP Act required other countries to share “advanced electronic data” on all international packages. A bill sponsored by U.S. Senators Amy Klobuchar (D-MN) and Shelley Moore Capito (R-WV) would create a new criminal penalty for falsely misrepresenting a package’s country of origin, among other things. Top zip codes in MA According to the U.S. Postal Inspection seizure data reviewed by 25 Investigates, the 01841 zip code in Lawrence received the most drug shipments in the state - with 38 packages seized. Second on the list of top zip codes: the 01902 area of Lynn with 17 seized shipments. Other top zip codes in eastern Massachusetts: 01843 in Lawrence is 3rd. And 01844 - in Methuen - is 7th. On the flip side – The 02124 neighborhood of Dorchester is where the largest number of drugs is shipped from based on seizures. 88 in total. In September 2022 , federal prosecutors indicted 21 people in Lawrence and Southbridge for allegedly distributing cocaine and fentanyl throughout the North Shore and central Massachusetts. Prosecutors say the traffickers obtained large amounts of cocaine from Puerto Rico and then sent packages containing fentanyl to recipients in Florida and elsewhere. Inspectors seized about 9 kilograms of cocaine from packages sent through the mail and 800 grams of fentanyl. According to the federal affidavit, investigators looked into a package containing suspected cocaine sent to a Lawrence home located in 01843. “On June 4, 2022, investigators identified the package, which originated in Manati, Puerto Rico,” reads the affidavit. " It had been mailed earlier the same day, destined for “122 Newton st, Lawrence 01843.” Investigators then got a warrant to search the package. “Inside, they found a Black and Decker box with two brick-shaped objects wrapped in white plastic inside,” reads the affidavit. And inside the white plastic, investigators “found a white-powder substance wrapped in a vacuum sealed bag inside a carbon paper and electrical tape wrapping.” Investigators sent the powder to the DEA laboratory, where it tested positive for cocaine and weighed 2,003 grams- about 4.4 pounds. The investigators then intercepted phone calls among the alleged traffickers as they discussed the delay in receiving the package. Marijuana seizures Overall, marijuana accounts for most seizures. Adame said marijuana makes up 85% of the packages seized by count and 87% of the drugs seized by weight. “By and large, what we’ve tried to do is focus our investigations on the high-impact drugs, the fentanyl, the cocaine and the methamphetamine,” Adame said. “And really just interdict the marijuana.” Even though marijuana is legal in Massachusetts, it’s still a federal crime to ship it by mail. Nearly 34 hundred pounds of pot was seized in the mail in Massachusetts from 2020 to 2022. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter . \| Watch Boston 25 News NOW', 'Massachusetts ranks 4th in the nation for incoming shipments of cocaine seized by the U.S. Postal Service. That’s according to 25 Investigates’ analysis of U.S. Postal Inspection Service data from January 2020 to December 2022. Postal inspectors reported 296 cocaine seizures in Massachusetts over that three-year period: amounting to nearly half a ton of cocaine. Massachusetts also ranks 7th in the country for inbound mail shipments of synthetic opioids like fentanyl – with 47 shipments seized. With 24 million packages passing through the U.S. mail a day, most drug shipments go undetected. “When you look at the big urban areas, that’s where most of the drugs are flowing there,” lawyer Evan Gotlob told investigative reporter Ted Daniel. Gotlob said he worked hundreds of drug cases in the eight years he spent as a federal prosecutor in Boston. He now works as a defense attorney for the Boston office of Saul Ewing. Gotlob says drug dealers send their products by mail to reduce cost and risk. And dealers go to great lengths to disguise or hide contraband “I think the craziest one I ever saw, there were 15,000 meth pills in a Lego box,” Gotlob said. “You don’t know where the drugs are coming from. There’s never a return address. And a lot of these drugs, there’s no scent to them.” 25 Investigates looked at some of the biggest drug conspiracy cases announced by the Massachusetts U.S. Attorney’s office in recent years. 25 Investigates has found at least 8 cases since 2016 where federal authorities in Massachusetts have pressed charges against dozens of people who allegedly trafficked drugs through the mail. ‘One Family Clique’ One federal affidavit reviewed by 25 Investigates described packages sent to 01826, a zip code in Dracut. One priority mail package sent to a Dracut home was described as having: “998 grams of cocaine stored inside a dog food container”. Federal prosecutors linked the shipment to the Lowell-based street gang “One Family Clique.” Story continues In 2021, federal prosecutors charged 15 of the gang’s members and associates for allegedly perpetrating a large-scale and long-running drug trafficking and money laundering conspiracy. Drugs they trafficked in included: heroin, cocaine, cocaine base, fentanyl, methamphetamine and MDMA. Prosecutors allege that gang members starting in 2019 used the U.S. Postal Service to receive shipments of illegal narcotics and ship cash proceeds to suppliers. Most of the drug packages came from California. Low level associates were paid 250 dollars to receive them at their homes The affidavit places gang members at post offices in Tewksbury and Billerica. And a “stash house” in Lowell, where gang meetings and other illegal activities took place. Among the drugs seized in the One Family Clique investigation: a package sent from California to Nashua, N.H. with 10.6 pounds of crystal meth. “A dangerous game” The U.S. Postal Inspection Service says eliminating drugs and contraband by mail is a top priority. Daniel Adame oversees drug inspections for the USPIS. “When we can take do a big takedown arrest – 10 to 15 drug dealers at the same time – that’s certainly a show of force that we put out there to say we don’t want this in our system and we’re going to do everything we can to stop it,” said Adame, the Postal Inspector in Charge of the Contraband Interdiction and Investigations Division for USPIS. Nationwide, USPIS reported 404 seizures of meth, 421 of cocaine, 269 of synthetic opioids and 55 seizures of heroin from October to December 2022. Postal inspectors nationwide remove drugs from the mail and help investigate and arrest criminals to disrupt drug trafficking networks, according to a 2020 strategy plan . That includes 2,562 arrests in 2019 alone. Penalties for trafficking drugs through mail often carry mandatory prison sentences of at least 5 years for small quantities and ten years for larger quantities. “You could take off low level members all day, but the impact will not be as much as if you take off a supplier, where you’re really kind of going to the heart of something and dismantling the drug trafficking organization,” Adame said. To have the most impact, Adame said: “You have to take their drugs, you have to take their guns and you have to take their money. Adame said their goal is interdicting drugs at the earliest point in the mail stream. To inspect a package, law enforcement must usually obtain a search warrant based on reasonable suspicion. That’s because U.S. Mail is protected by the Fourth Amendment. Confiscated packages will be sent out for testing if postal inspectors find white powders or other suspicious materials. The Postal Service also works on educating postal employees about the danger of being recruited to deliver packages. In November 2022 , a Lowell postal worker pleaded guilty in federal court in Boston for allegedly attempting to bribe a postal supervisor. Prosecutors alleged the worker asked the supervisor to help him in a scheme to divert postal packages suspected of containing cocaine. The worker was alleged to have left $850 in a Dunkin Donuts bag outside the supervisor’s car to entice him, and later told him: “That was a nice envelope for starts.” When drugs are detected in the mail, investigators will often have the package delivered to see who accepts it. That’s according to Anthony Cangelosi – a former Homeland Security investigator turned criminal justice professor at John Jay College of Criminal Justice in New York. From there, he says they will follow the drugs to identify bigger players. “The more sophisticated they are, the more safety nets they’re building in,” Cangelosi told Ted Daniel. “So it’s not uncommon if someone up the food chain contracts with someone down. Once they know something’s wrong, they cut off all communication with that person.” “Sometimes we have to interdict drugs just to get them, get them out and destroy them,” he said. “Other times, we’re building cases. Some of these cases take three or four years to develop.” Adame said going after drug trafficking organizations is crucial – but requires agility. “Drug trafficking organizations change quickly,” Adame said. “Once you find that you’re able to be effective in seizing or interdicting drugs, they will change their course and we have to be agile enough to do that as well. Adame said the agency launched a task force officer program in 2020 to help state and local law enforcement better work together nationwide. He said that partnership, local insight and sharing of resources like canines has proved invaluable. The U.S. recently announced a new Southwestern Border Initiative as part of the White House Task Force on Illicit Drugs. “It’s a dangerous game, but something that we take very seriously because we don’t want to be an unwitting accomplice in delivering drugs across the country,” Adame said. Adame said he’s also seen drug cartels sprouting in more rural areas, where such trafficking can have an even greater impact in communities with less resources. He said shipments of drugs primarily come from two regions of the country: the southwest border area of the country - California, Arizona, New Mexico and Texas. And then, Puerto Rico. “Puerto Rico for us is really a pipeline for cocaine into the United States,” he said. “In the southwest border, you really see the fentanyl, the cocaine and the methamphetamine that are coming through in high volumes because they’re being smuggled across that Southwest border.” “This poison is going… across the country” Data reviewed by 25 Investigates shows examples of large packages of narcotics sent to zip codes in Lowell, Ma. – and then smaller shipments of drugs sent out and later seized. “Certainly you see, usually, larger shipments coming into one location and maybe being distributed from there, whether in the local community or maybe in a different way,” Adame said. “Sometimes dark web vendors will get a larger shipment and then ship them out in smaller packages across the country.” With the rise of the dark web over the last two decades, postal inspectors’ work has grown more complicated. “The dark Web offers a level of anonymity to talk to buyers and sellers,” Adame said. “You’re able to disguise it on the dark Web, under the Tor netw Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $531,277,283,075 - Hash Rate: 379321882.1817001 - Transaction Count: 519870.0 - Unique Addresses: 636984.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Binance, the world's largest crypto exchange,temporarily paused bitcoin (BTC) withdrawalsSunday morning U.S. time as the Bitcoin blockchain became overwhelmed with pending transactions and sky-high fees. The company resumed withdrawals within two hours of its initial Twitter posting about the withdrawals. On-chain data shows that there are nearly 400,000 unconfirmed Bitcoin transactions,which is higherthan anything seen during the bull runs of 2018 and 2021. The average transaction fee has also doubled since March,pushing it to a two-year high.The current transaction fee is just over $8, a309% changefrom a year ago. “This current fee spree is an anomaly,”CoinDesk previously quoted Colin Harper, head of content at Luxor Technologies, a full-stack Bitcoin mining pool. “Biggest difference now between this jump in transaction fees and past ones with inscriptions is that BRC-20 standard is a new way to inscribe. Adoption of this standard is driving fees up.” Bitcoin ordinal inscription tokens,known by its BRC-20 standard designator, currently have amarket cap of $482 millionacross 14,000 tokens. Bitcoin is currently trading at $28,935, down 0.15% in the last 24 hours. UPDATE (May 7, 2023, 19:16 UTC):Adds line about resumption of withdrawals.... - Reddit Posts (Sample): [['u/proph3tsix', 'A lot of people here get downvoted for pointing out that USA Democrats are enemies of Bitcoin, as if Republicans are an equally large threat. Let me make something clear...', 85, '2023-05-23 00:26', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/', 'When a Republican comes out supporting Bitcoin, they\'re always faking or groveling for votes. When a Democrat comes out supporting Bitcoin, they\'re always \'waking up\' or \'coming around\'. Broken clocks may be right twice a day, but if the USA\'s Congress if filled with broken clocks then it certainly seems Republican broken clocks are syncing more often than Democrat broken clocks. Why is that?\n\n* Texas is to Republicans as New York is to Democrats. New York partially banned Bitcoin mining, and [environmental activists in the state are hungry for more](https://www.politico.com/news/2023/01/07/new-york-cryptocurrency-mining-ban-00072564). Texas has loudly invited more. Wyoming, another Republican state, is clamoring to the same.\n* The [energy FUD](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3779720) expressly targets voters who give a damn about environmentalism in the first place. If you\'re outside the USA then you may be forgiven for not knowing, but Republicans are not well known for their environmentalism. To the extent that Republicans do claim to care about the environment, it\'s always [cast as some flavor of fakery](https://www.nytimes.com/2017/06/03/us/politics/republican-leaders-climate-change.html). (Note that particular framing is from NYT - hint hint.) In other words: Energy FUD is almost exclusively pandering to Democrats.\n* It\'s been said numerous times that CBDCs represent the ["final boss" for Bitcoin](https://www.theheldreport.com/p/the-final-boss-bitcoin-vs-central). This does not mean it\'s a mortal threat to Bitcoin, but merely ideologically opposed. Bitcoin is freedom money. CBDC is slave money. Florida is largely Republican and has recently passed [explicitly anti-CBDC legislation](https://blockworks.co/news/florida-approves-cbdc-ban). Minnesota, another Republican state, is [doing the same](https://emmer.house.gov/2023/2/emmer-leads-effort-to-squash-financial-surveillance-state-initiatives). Texas is [considering it](https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-prohibit-the-fed-from-establishing-a-central-bank-digital-currency) too. Others will almost certainly follow. Where are the Democratic states doing, or even contemplating this?\n\n[edit] Sorry but saying "They\'re all the same" is just lazy. It\'s a reflex that conveniently allows us to dodge the mental work forced by nuance. For such thinkers, the world will never (ever) have better or worse politicians because it smoothes out all distinctions. It\'s the same oversimplification made by overzealous religious fanatics and political ideaolgues - subconsciously they\'ve made their world model easy to process by refusing to increase its resolution. It\'s not a matter of being caught up in some "two-party brainwashing bullshit" - it\'s about being aware that our potential leaders exist on a spectrum of distinctions. Thomas Jefferson and Stalin cannot possibly be equivalent, so they must exist on a gradient. Choose, goddamnit, and choose wisely!\n\n[2nd edit] Minnesota is not a Republican state, I stand corrected on that point. But its only Republican representative is the one pushing for anti-CBDC legislation.', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/', '13p5jff', [['u/clue5tick', 59, '2023-05-23 00:46', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl7uvsh/', "It's mostly just the Uniparty. Time to defund them all!", '13p5jff'], ['u/Valence101', 22, '2023-05-23 01:22', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl7zpdi/', "I agree, both have spent money we don't have on wars, airdrops to corporations, and purchasing votes.\n\nIt's time to just watch the money become worthless and the psychopathic struggle for the money printer to end.\n\nIt's a broken system. Society made a mistake with fiat money. It's time to move on and live our lives, make things better for the next generation and learn from our mistakes of a stupid childish money tree that profits the king of the hill at the expense of the masses.", '13p5jff'], ['u/Umpire_State_Bldg', 76, '2023-05-23 01:24', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl7zw8v/', "When you finally get over the two-party brainwashing bullshit, you're going to feel so liberated.", '13p5jff'], ['u/joel8x', 17, '2023-05-23 01:36', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl81j65/', 'This sub generally understands that Crypto does not mean Bitcoin. 99.9% of Crypto is scammy because it doesn’t address the fundamental trust issues that Bitcoin solves. When a politician comes out against Crypto scammers, it’s not anti Bitcoin.', '13p5jff'], ['u/SuccessfulPlenty942', 15, '2023-05-23 02:18', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8739g/', 'Minnesota is not a republican state 🤣', '13p5jff'], ['u/TelMeEverything', 10, '2023-05-23 02:49', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8b8i7/', 'Minnesota has always been a blue state. Grew up there.', '13p5jff'], ['u/Jaxelino', 21, '2023-05-23 02:56', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8c5bc/', 'Yeah, I see where OPs coming from, but I\'m downvoting anything that is "republican this, democrats that\'s\'.\n\nIt\'s not like one party is better than the other. \n\nSure, on Bitcoin the stance of the left is often super embarrassing. The republicans are embarrassing on other fronts, like abortions, and ppl like MTG. Munger is a republican as well, he and Buffet really love Bitcoin /s.\n\nHence, after all the lies and grifting and lobbying, you realize that this world has problems in need for solutions, and siding with either party bs ain\'t gonna lead you anywhere.', '13p5jff'], ['u/Umpire_State_Bldg', 18, '2023-05-23 03:05', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8datu/', 'Yes. Both sides are owned and operated by the same "money printing" criminals.', '13p5jff'], ['u/greinertr', 11, '2023-05-23 03:18', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8f0q0/', 'Minnesota is a republican state? Interesting they always vote Democrat.', '13p5jff'], ['u/Jaxelino', 10, '2023-05-23 03:18', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8f26k/', 'I like the terms:\n\n- corporatocracy\n\n\n- banana republic 🍌', '13p5jff'], ['u/HappyGoLacky', 13, '2023-05-23 03:57', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8ka2x/', 'Again… there is no red, there is no blue. There is government, and there is you.', '13p5jff'], ['u/baconcheeseburgarian', 10, '2023-05-23 05:15', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8uin2/', 'Texas also bans books and abortion and allows the government to claim eminent domain over private property so a corporation can build a pipeline or well. \n\nChoose wisely, your great red state may not even be able to keep the power on.', '13p5jff']]], ['u/lymeguy', 'What if crypto already peaked?', 93, '2023-05-23 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/', "Imagine the year is 2030 and bitcoin is still hovering around 26-35k more or less depending on the month.\n\nStill in the top 10 are bitcoin etherium and Dogecoin. The market rarely gets further than the days of the covid pandemic crypto spike/marketcap. \n\nMeaning people aren't getting 'rich' off crypto like un the early days, just mostly whales who can afford big risks in little pumps.\n\nThat said at least there is some stability if the market is sticking around but maybe doesn't have the old hype that it used to.\n\nHow would you feel about this type of scenario satisfied or disappointed in the evolution of the crypto market?\n\n🌙 📊🚗", 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/', '13p7aeq', [['u/LivingFondant1419', 146, '2023-05-23 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl81z1y/', "Honestly, Im starting to get so desperate with real life that I'm placing too much hope on crypto doing well. The cost of living and rent in my city is absolutely stiffling. \n\nBeing so hopeful and excited for a future where I am comfortable for once is usually how I get hurt the worst.", '13p7aeq'], ['u/tewsbeferneds78', 28, '2023-05-23 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl82ntp/', 'This has been said every year since at least 2016. Doesn’t take anything away from your points but just something to keep in mind.', '13p7aeq'], ['u/zoomercoomer9000', 63, '2023-05-23 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl82vga/', 'Then we go back to playing with LEGO. But for now our new toy is still pretty fun.', '13p7aeq'], ['u/Dull_Tough_7149', 38, '2023-05-23 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl83919/', "Come on, bois, wrong spirit here. Satoshi's plan is still active and will work. It's just a bad time right now with those idiotic and hateful regulations. If the worst happens, we will be remembered as heroes just like Spartans.", '13p7aeq'], ['u/badfishbeefcake', 13, '2023-05-23 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl84rxb/', 'only butt stuff', '13p7aeq'], ['u/RunsOnJava98', 63, '2023-05-23 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8532h/', 'Sometimes I think this, but then I look at what Ripple is doing with cross border payments, how Ada is being used in South Africa, reading which counties are developing CBDCS, read about people starting up new mining rigs, and most importantly, the US debt clock. \n\nIt’s hard to not be optimistic after reviewing all of those things.', '13p7aeq'], ['u/Electrical-Penalty44', 27, '2023-05-23 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl85gda/', 'No more easy money. Interest rates are not going back to near zero. No COVID money to throw at stonks and eloncummarstwitter coin with 80 quadrillion pre-mined tokens. No sign that the trilemma can be solved.\n\nSo yes, it is possible that crypto has peaked.', '13p7aeq'], ['u/Rooftop720', 15, '2023-05-23 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl85uhb/', 'Then we screwed. We think we early but we really late?', '13p7aeq'], ['u/astockstonk', 13, '2023-05-23 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl85yc4/', 'In the future we just say “Trust me”. \n\n“Trust me bro” gets played out by 2025', '13p7aeq'], ['u/Lillica_Golden_SHIB', 14, '2023-05-23 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8602b/', '2021 is the longest year ever', '13p7aeq'], ['u/makeorbreak911', 58, '2023-05-23 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8823l/', 'Wow market cycle playing out exactly. Is this despair?', '13p7aeq'], ['u/Elie0_0', 21, '2023-05-23 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl88tad/', 'AI is the new trend now, a lot of the interest from crypto has moved to AI', '13p7aeq'], ['u/TruthSeeekeer', 10, '2023-05-23 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl898et/', 'I believe things move in cycles, so yeah no COVID money but something else always pops up', '13p7aeq'], ['u/banzuu', 10, '2023-05-23 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8dfgj/', 'Trends dont tend to last long tho🤷\u200d♂️', '13p7aeq'], ['u/UPinCarolina', 48, '2023-05-23 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8fx5y/', 'All of this is now two year old copium, I fear.', '13p7aeq'], ['u/Baecchus', 30, '2023-05-23 03:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8h7k9/', 'Counter point: Macro events. BTC was created during a macro bull market. We had one of the easiest decades for investors in financial history. That seems to be changing due to inflation and growth is generally slowing down. BTC has never seen a bad macro economic environment until now.\n\nThere is no telling how the Crypto market as a whole will react to a macro bear market. Will people flock to BTC as a hedge? Will people dump BTC and prefer "safer" assets?\n\nWe had 8% inflation in 2022 and BTC tanked almost 80%, with most altcoins going down 90% to 95%. Just one year with high inflation is too small of a timeframe to make any assumptions, but how Crypto reacted doesn\'t exactly fill me with hope.\n\nCrypto is very high risk and very high reward. People not having disposable income to gamble on risk assets is probably going to be horrible for the Crypto market, and with everything that\'s going on people are finding themselves with less and less money to invest.\n\nBit of a ramble but I feel like these are important things to consider.', '13p7aeq'], ['u/Baecchus', 27, '2023-05-23 03:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8imli/', "Copium so old it's starting to smell. \n\nHow Crypto reacted to a little inflation scare in 2022 should tell you all you need to know. BTC was created during a macro bull market and it succeeded during a macro bull market.\n\nWe are in uncharted territory. None of us know what will happen, so speculating is useless.", '13p7aeq'], ['u/GelDel12', 13, '2023-05-23 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8j1gp/', 'I feel ya. Crypto gains would completely change my life. Prices of things are through the roof', '13p7aeq'], ['u/L3mm3SmangItGurl', 10, '2023-05-23 04:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8q8ck/', 'True, it’s untested but btc was created for the tough macro environment on the horizon that never came.\n\nEveryone always cherry-picks their timeline to tell the story they want. See, I can do it too. BTC is +300-400% pre covid stimulus (depending on where you start the clock) outperforming just about every asset class and eclipsing inflation.', '13p7aeq'], ['u/poncha_michael', 125, '2023-05-23 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8s7cm/', 'Imagine that in 2050 scarcity is no longer the dominant economic factor. People live in an economy of abundance. Creative expression surpasses arbitrary tokens as symbols for wealth. Peak/nadir whatever kind of money becomes meaningless in comparison to what it means to be fully human in this moment of the universe.', '13p7aeq'], ['u/BrowsingCoins', 32, '2023-05-23 05:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8slz0/', 'that sounds nice', '13p7aeq'], ['u/pigeonwiggle', 10, '2023-05-23 05:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8soea/', '100% \n\n\ncrypto all follows bitcoin and bitcoin follows the stock market. the stocks drop, so do the coins. ALL the coins. \n\n\nthe argument that crypto buys us out of fiat is ridiculous. crypto is a motorcycle sidecar. it\'s great because it means you can bring a friend on your "Get Rich I Hope" schemes... but we\'re only now seeing the effects of stock market crashes on bitcoin.', '13p7aeq'], ['u/islandchild89', 26, '2023-05-23 05:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8uakc/', 'This hits hard..', '13p7aeq'], ['u/poncha_michael', 30, '2023-05-23 05:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8uswv/', "Thanks. I like to imagine good things and believe that's how better realities are created.", '13p7aeq'], ['u/RollingCoalsDaily', 29, '2023-05-23 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl91gs7/', 'For six to nine months every four years - yes. \n\nThe rest of the time is something to be ashamed of because everyone knows you lost your money gambling on this new tech ponzi.', '13p7aeq'], ['u/RollingCoalsDaily', 15, '2023-05-23 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl968go/', 'You could say we are already there.\n\nIn first world countries food and roof over your head is no longer the issue it used to be a hundred years ago. \nWealth isn’t what it used to be.\n\nKeeping your inner good and actually being a good human to others is probably the most valuable thing in existance, rare too.', '13p7aeq'], ['u/RedBunery', 15, '2023-05-23 07:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl98yfy/', "Are you me? This cost of living crisis has me wired to the point where I can't enjoy weekends.", '13p7aeq'], ['u/mangopie220', 17, '2023-05-23 08:03', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl9b9cf/', 'So the US homeless people are not living in a first world country?', '13p7aeq'], ['u/LivingFondant1419', 20, '2023-05-23 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl9f00s/', "Sorry for my 'hope is a prison' style rant but its true.", '13p7aeq']]], ['u/Flimsy_Card8028', "Remember : Buffet didn't start buying Apple stock until 2016.", 108, '2023-05-23 02:48', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/', "Now it makes up almost 1/2 his portfolio.\n\nAnother 10 more years (assuming he doesn't croak) he'll begin to see the value of Bitcoin.\n\nGUESS WHAT IT'LL BE TOO LATE.", 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/', '13p90tn', [['u/jolly_hero', 11, '2023-05-23 03:20', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/jl8fdcn/', 'Does he short anything? Doesn’t seem like his thing.', '13p90tn'], ['u/triflingmagoo', 59, '2023-05-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/jl8hiqx/', 'Buffett is an investor. Bitcoin is not an investment vehicle. \n\nEven if he did “get it,” Bitcoin doesn’t care. \n\nAlso, fuck that guy.', '13p90tn'], ['u/whitslack', 30, '2023-05-23 05:49', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/jl8yps6/', "Correct. Buffett likes to own assets that produce something. Bitcoin doesn't produce anything. Even if Buffett were to believe that Bitcoin will appreciate in value, he still would choose not to own any because it's nonproductive, the same reason he doesn't hold gold.", '13p90tn']]], ['u/Lostman138', 'The People Bitcoin!', 18, '2023-05-23 03:20', 'https://www.reddit.com/r/tankiejerk/comments/13p9t6j/the_people_bitcoin/', "No, really. How more people ain't talking about this?", 'https://en.m.wikipedia.org/wiki/Petro_(token)', '13p9t6j', [['u/Darth_Vrandon', 30, '2023-05-23 03:24', 'https://www.reddit.com/r/tankiejerk/comments/13p9t6j/the_people_bitcoin/jl8fwhh/', 'Socialist billionaires, socialist invasions, socialist genocides, and now, socialist cryptocurrency.', '13p9t6j'], ['u/FibreglassFlags', 14, '2023-05-23 03:59', 'https://www.reddit.com/r/tankiejerk/comments/13p9t6j/the_people_bitcoin/jl8kn6t/', 'It\'s as if people calling these things "socialist" should not be taken seriously.', '13p9t6j']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 23, 2023', 34, '2023-05-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/', '13pdbxo', [['u/MasterMinerva', 12, '2023-05-23 07:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jl96yrv/', "It's interesting how things have changed over the years and how much we're now welded to traditional finance. Positive talk about the debt ceiling and we immediately bump up.", '13pdbxo'], ['u/NervousNorbert', 10, '2023-05-23 12:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jl9tofv/', 'Member when these threads sometimes got over a thousand comments? In the early days they had to split it into multiple threads to make it manageable. "I think this will be a four-thread day", we would say.\n\nNow I wonder if people have moved on from bitcoin, and we\'re just the slow ones who haven\'t yet realized it\'s over and that passive global index funds are where it\'s at now. Or maybe people have just moved on from Reddit? I don\'t see how Twitter is a good replacement for these threads though.', '13pdbxo'], ['u/diydude2', 10, '2023-05-23 12:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jl9uf2f/', 'I was promised great dumping and gnashing of teeth.', '13pdbxo'], ['u/AccidentalArbitrage', 30, '2023-05-23 14:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jla3uw8/', 'We had threads that long in 2020 and 2021. I expect we will again in 2024 and 2025. \n\nCyclical price + sentiment following price = cyclical sentiment.', '13pdbxo'], ['u/skarbowkajestsuper', 32, '2023-05-23 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlaa4x5/', 'Hong Kong to let retail investors buy bitcoin from June 1st - Bloomberg.', '13pdbxo'], ['u/DamonAndTheSea', 22, '2023-05-23 15:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlaadlt/', 'You can’t use this particular sub as evidence of anything. Crypto subs are fashionable and change around cycles. r/cc and r/Bitcoin keep growing (for whatever that’s worth). \n\nMany of us here started in the early stages of Bitcoin (like me) and still post or chat for comradery and interesting news, analysis and charting. There are a handful of really sharp people who post here. \n\nThis place is still great for Bitcoin related discussions, but Bitcoin doesn’t need this sub to win. \n\nIn these mid-cycles, Bitcoin can fall out of favor as fringe speculators try to stretch their $100 bids into wealth buying meme tokens (very largely unsuccessfully), but historically Bitcoin has ended up pushing above in the longer run due to the massive network effect.\n\nPost count here is highly correlated with price and volatility, and so I expect traffic to pick up along next bull cycle.', '13pdbxo'], ['u/stripesonfire', 26, '2023-05-23 15:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlab7lf/', 'Just so they can ban it again!', '13pdbxo'], ['u/xtal_00', 11, '2023-05-23 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlb2d0i/', 'This place is the last bastion of sanity. Also, I like counter opinions especially well thought out ones.', '13pdbxo'], ['u/AccidentalArbitrage', 11, '2023-05-23 19:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlbbo46/', "HK has become China's playground/sandbox where they occasionally test out western ideals such as democracy and various freedoms, with very mixed results.", '13pdbxo']]], ['u/PoeCollector', 'Does a market actually exist for Ledger Recover?', 35, '2023-05-23 06:13', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/', 'Ledger, it seems like you are okay with sacrificing the good will of the "hardcore" userbase in the name of appealing to a hypothetical crowd of people who want some kind of hybrid solution between self-custody and remote custody. I\'m sure you did some market research (right???), but I still doubt the size of this future customer base is big enough to be worth it.\n\nIf I were talking to the average boomer who was not comfortable storing bitcoin safely, I\'d probably just tell them to get price exposure through Paypal, or even (gasp) keep it on a comparatively non-sketchy domestic exchange such as Coinbase or Gemini with a 2FA login. At some point if they have a big stack, I\'d suggest they consider keeping a lot of it in deep cold storage. \n\nI know keeping coins on an exchange is dangerous, even if the exchange is reputable, and people who use self-custody instead might lose their keys through negligence. So I see why you\'d want to create some kind of third option for people. The problem is, your solution retains most of the user-facing negatives of other strategies:\n\n* It requires the upfront cost and relatively tech-savvy setup of a hardware wallet. \n* But it also costs monthly, like insurance.\n* Yet, it requires KYC and 3rd party liabilities, like an exchange. Similarly, it\'s subject to government action.\n* But the user still has the personal responsibility of not letting their seed phrase get stolen from their house. I\'m guessing your insurance doesn\'t cover the end user\'s mistakes.\n\nI\'m not saying nobody will find this trade offs to be worth it. But can anyone say that it sounds particularly compelling? Can you imagine anyone who would consider this combination of considerations an exciting product or offer?\n\nI\'m a product director and designer IRL. One of the rules of thumb is that a new product should be vastly superior to however people were doing it before. Say, 10 times better. Ledger Nano + Ledger Live definitely fit the bill when they came out. You had basically one competitor only (Trezor) and your UX and aesthetics were better than theirs.\n\nLedger Recover is not like that; it\'s just a middle ground between existing alternatives, and it annoys everyone who just wanted cold storage.', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/', '13pdmc5', [['u/Separate-Forever-447', 19, '2023-05-23 06:40', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl93vnp/', 'A few recent quotes/responses from Ledger:\n\n"If, for you, your privacy is of the utmost importance, please do not use the \nproduct. For sure." -Pascal Gauthier\n\n"The KYC risk is mitigated by the 50k$ insurance of your funds. If you have more, the service is not for you." (@murzika)\n\n\n\nSo, start tallying up all the reasons why \\not\\... cost, security, privacy, risk/reward, and you do have to wonder, who \\is\\ it actually for?', '13pdmc5'], ['u/notGekko463', 29, '2023-05-23 07:26', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl983dl/', 'Typical Client Profile:\n\nCoinbase: “Normie” with up to $250,000 who can’t trust themselves with self storage security.\n\nLedger Recovery: “Normie” with up to $50,000 who can’t trust themselves with self storage security.\n\nInsured Amounts:\n\nCoinbase: $250,000–FDIC coverage \n\nLedger Recovery: $50,000–some private insurer\n(https://thefinancialgeek.com/blog/is-coinbase-fdic-insured/)\n\nAnnual Fees:\n\nCoinbase Wallet Annual fee: $0\n\nLedger Recovery Annual fee: $120\n(https://www.brokerage-review.com/crypto/fees/coinbase-cost.aspx)\n\nPlastic Gadget Cost:\n\nCoinbase: OPTIONAL 2fA, Yubi Key, $50\n\nLedger Recovery: Mandatory, $149-$279\n(https://www.coinbase.com/blog/coinbase-now-supports-security-keys-for-2-factor-authentication-on-mobile)\n\nKYC:\n\nCoinbase: Yes\n\nLedger Recovery: Yes\n\nSo the perfect client for Ledger Recovery is someone with a passing interest in crypto, who doesn’t have more than $50,000, and would like to spend $149-$279 for a Ledger device, and pay $120 per year for Ledger Recovery, instead of accomplishing the EXACT SAME THING with an $250,000 FDIC insured Coinbase account for free, and at most a $50 Yubikey 2Fa dongle.\n\nAccording to Pascal Gauthier, there are evidently 100 million of these poor dumb people who want a $369 upfront cost ($149 Nano X and $120 first year subscription) and $120 per year trailing cost instead of getting the EXACT SAME SERVICE with 5x the account protection, no obligation to buy a gadget and no fees from, for this example, a Coinbase account.\n\nAccording to common sense, good judgement and me, he is a nut case.', '13pdmc5'], ['u/SilverTruth7809', 17, '2023-05-23 07:37', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl993t6/', 'Its for the government.', '13pdmc5'], ['u/16bumblebee', 11, '2023-05-23 08:30', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl9df2t/', '"Cryptocurrency is not legal tender and is not backed by the government. Coinbase is not an FDIC-insured bank and cryptocurrency is not insured or guaranteed by or subject to the protections of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”), and may lose value." \n\nThat\'s what it says, you need to work on your reading skills\n\nFrom fdic.gov: https://www.fdic.gov/news/press-releases/2022/cryptosec-info-letter.pdf \n\n"In fact, the FDIC does not insure any cryptocurrency exchanges; FDIC insurance does not cover cryptocurrency; the FDIC only insures deposits held in insured banks and savings associations (insured institutions);"\n\nFDIC does not even cover stocks, it only covers us dollars. So your whole essay is built on a false premise lol', '13pdmc5']]], ['u/labrenna', 'Blood stains is crazy…☠️', 19, '2023-05-23 06:30', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/', 'I bought a swimsuit from a seller ( DM for info) …it was fine but the bottom had blood…btcch what.? \n\nI tried being nice and texted her for a 50% refund because I understand sometimes we have lady issues but… SHE BLOCKED ME ☠️ dawg \n \nText me for info on her and pictures of the clothes…<33!', 'https://www.reddit.com/gallery/13pdy83', '13pdy83', [['u/Susccmmp', 11, '2023-05-23 06:36', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jl93ifi/', 'This is exactly why I only list the tops of my old swimsuits.', '13pdy83'], ['u/[deleted]', 33, '2023-05-23 10:01', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jl9k33a/', 'She can have her account suspended or banned permanently for blocking you as it’s still during a transaction - raise a case and Depop will deal with it. A real bad move blocking someone like this in this situation!', '13pdy83'], ['u/qweenbimbo', 12, '2023-05-23 10:38', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jl9mlov/', 'This is why I wouldn’t buy bottoms unless there’s a verrrrrrry clear photo of the inside 😭 I specifically check the inner crotch on ALL bottoms including jeans for this exact reason.', '13pdy83'], ['u/labrenna', 12, '2023-05-23 16:02', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jlaihkz/', 'Yeah I did last night! She unblocked me after Depop contacted her 😭', '13pdy83'], ['u/labrenna', 12, '2023-05-23 17:01', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jlarake/', 'She gave me a refund…but now she changed her username, and is saying “you’re a scammer. and i’ll have you banned”…I left a bad review so people know?.. now she’s pretending I’m the scammer', '13pdy83']]], ['u/comeflywithme2tm', 'Tin Foil Theory on Shills', 68, '2023-05-23 07:55', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/', 'Alright, we all know the subreddits and social media\'s outside Reddit are plagued with shills. Over time they are evolving, but their traits are starting to put together a puzzle I think I may have solved part of. This is all tin foil just so you know. TLDR at end.\n\nAt the beginning, in early 2021, they used bot accounts. They were failures. Bots simply cannot deliver their narritvive properly and those issues were proving to people that their sheer existence meant Apes were correct. The coding script errors after comments, the profiles and names of the victims from the Vegas shooting, the word-for-word identical text string from 10+ bots, etc... bots were unreliable at best, but they contained one major flaw - liability. Someone has to be programing them, which is a direct and liable action to comit market fraud. One cannot simply say, "It\'s all the bots opinion, they did it themselves". No. They are directed to do what they did, and the liability risk was too much untop of the bots unreliability, so they moved on to people. The big non-conformance here is Liability\n\nShortly after, in 2021, they were making offers to just about anyone with a Reddit account to downtalk AMC using their words. We have multiple screen captures of these and they were rampant in 2021. Because a lot of people were innocent and confused, Apes are loyal, and well-versed people did not like the manipulation attempt, these messages got shared and made visible. This once again was a proof of their position and the threat against AMC. They didn\'t know who they could reach out too and trust with this kind of information, and even if someone agreed, how could they police them? They couldn\'t! The big non-conformance here is Trust\n\nA small time frame after they stopped getting those with characteristics mentioned above, they targeted and made new accounts to diatract people from AMC. The most apparent ones at this time were Clove and Blackberry. Accounts out of nowhere started fueling up reasons to buy these for a squeeze. Blackberry got crushed and Clove was a pump and dump coordinated by them to detract money away from AMC. I think they quickly learned it was far too much effort for a distraction that can\'t be measured? How would they know how much money left AMC and if Apes made money on the pump and dumps, they would invest it back into AMC! The effort was not worth the intrinsic return and once the canary in the coalmine was dead, they couldn\'t do the trick with other stocks. The big non-conformance here is time required to manage shills and coordinate a direction for them. Micromanagement is a nightmare. \n\nApproaching 2022, they started reaching out to accounts with longer histories, broader subredit use and put effort into either buying profiles or simply paying with bitcoin to have people say what they wanted. They seemed to go after profiles with people commenting on posts about their money issues. That\'s just what I noticed. They then used these accounts to build rapport, posting pictures of Apes and memes and basically being a plant in the community. Staying off the radar so they have the illusion of community. Then, when they needed too, they skilled. This is still common now, I believe, but the main non-conformance with this is \'all-or-none\' risk. Once the account is marked as a shill, it\'s useless. They block people and use the clown emoji as a response, but this is a high risk account tactic because it takes a long time to build rapport and it can all be a waste in seconds. People have an incredibly developed sense of \'who is in our tribe, and who isnt\'. The SHF shills are fighting two of the most developed senses we have as humans - pattern recognition and our tribe mates.\n\nFurther into 2022, they started simply making new accounts and blasting everything negative on the shotgun approach. If an account that\'s 5 days old gets burnt, oh well. Go after everyone and cause strife in the community. Guns blazing! The non-conformance with this is that with no rapport, and a new account, the battle hardened Apes know within seconds that people are shilling. This is why they changed their tactic to \'loving AMC, but wanting to leave because_____\'. This was most noticeable with company events because they had time to instill fear. That\'s their main tactic. That\'s what their play is with the lawsuit, buy time and instill fear. They know endurance is hard for people, but they dont know how tough you millenials and Gen Zs are. All of you tough \'children of tragedy\' have experienced is 9/11, dot-com bust, Swine flu fears, 2008 great recession, 2011 recession, housing bubble, university/college bubble, Ebola fears, Healthcare expense bubble, Microcephaly for the pregnant women in 2017, pandemic in 2020, inflation in 2021/22 and the disappearance of so much good in-between... good fucking luck scaring you people! Haha man, I would not want that job! You simply can\'t be scared of whatever they can use the fake news and shills to say. Anyway, the non-conformance here is that these accounts come and go and can be spotted a mile away, only scaring off the new Apes and inexperienced people who don\'t have accounts. Note that they are still doing this. \n\nSo! They maintain the shotgun shills, but for the evolved shill of 2023! Their big struggle is this: \n \n\'How does one find a shill that they can transfer liability too, instill trust in a new person to not report the act of them paying for malicious intent, have that person policed and managed, build rapport with the community, potentially have karma with a broad account to seem \'real\', and shill\' for payment off record?\n\nI believe the answer is SHF and Market Maker employees\' family members. \n\n\n- The liability is on their employees - "This staff member acted alone". "We don\'t condone these actions and that member has been released. The SEC can deal with them accordingly". They say this verbally to their staff and the staff take the risk on their family memebers. \n\n- The trust is subcontracted to their staff - Blood is thicker than wine and family will not rat you out. "If you say anything, I will get fired or fined or charged". The potential family memebers will keep their mouth shut. Especially if they are getting paid because then they have added liability now! \n\n\n- Family memebers would be policed and managed by the staff memebers themselves. So quality remains constant to a degree without the requirement for additional management. \n\n\n- Build rapport and have a broad range of their account complete with Karma to appear \'real\' - Many people probably had Reddit accounts before, now they simply redirect them. If one gets flagged as a shill, they dont give a fuck? "It\'s ______\'s brother\'s time, account and effort that was wasted! Not ours!" \n\n\n- Payment - that is probably a bonus on the staff memebers cheque that they can pay out to their family memeber. This cuts down on accountant time and adds to the risk of liability being pushed onto their staff. \n\n\n\nThat\'s my 2 cents. If anyone is in the Chicago area or knows people who are related to anyone in the SHF or Maker industry, you should ask then if they have been talked to about anything pertaining to this. I am sure at least 1 Ape knows someone who can add fact-based evidence to this theory and slip up. That\'s the risk with this to them! \n\nCheers Apes! \n\nTLDR: The new shills are SHF and Maker employees\' family members because they transfer risk and human resource management to the employees and make the payment process easy with no liability.', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/', '13pflgs', [['u/OldBoyZee', 22, '2023-05-23 09:22', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/jl9hbew/', "Interesting read, and I wouldn't doubt if it's true.\n\nBut in all honesty, not everyone on here is a shill, and even if they are, they are so well disguised because you have people here who pretend like they are apes as well, and call the real apes, shills. So the write-up doesn't account for that portion, imo.\n\nLet me ask, would you consider Icy-Assistant, a shill, or an ape? I mean he was pushing very hard for the r/S vote, but isn't it strange he disappeared? Isn't it strange he went from, I hate AMC to, I love AMC?\n\nFor me, I don't know. It's very similar to what you described above - taking an account and advocating for something one second and hating on something the next to create confusion.\n\nKeep in mind, not talking shit, or accusing anyone of anything, but using the word shill or using specific guidelines I feel doesn't make sense anymore, they are smarter than that and have more people.", '13pflgs'], ['u/chrisodeljacko', 14, '2023-05-23 09:37', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/jl9idye/', "Great post, take an award. I'd also extend this to the tubers, they've been gaining a following for months and then slowly start sowing the fud and AA hate, then they become an all out Al From Boston", '13pflgs'], ['u/drowningindrip', 11, '2023-05-23 14:19', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/jla58mi/', "Icy didn't disappear he got banned for getting a bit to spicy with some of his arguments", '13pflgs']]], ['u/PelotonMod', "[Race Thread] 2023 Giro d'Italia - Stage 16 (2.UWT)", 67, '2023-05-23 08:01', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/', '\n\| Date \| Stage \| Route \| Length \| Type \| Finish \| Time \|\n\|---\|---\|---\|---\|---\|---\|---\|\n\|May 23th\|[16](https://www.giroditalia.it/en/tappe/stage-16-of-the-giro-ditalia-2023-sabbio-chiese-monte-bondone/)\|[Sabbio Chiese - Monte Bondone](https://static2.giroditalia.it/wp-content/uploads/2023/02/CwpJ3hZ7iyjEXGeqcCFb_190423-071140.jpg?v=20230419091140)\|203km\|[High Mountains](https://static2.giroditalia.it/wp-content/uploads/2023/02/hblPzoWMb6woBtC2PasO_190423-071235.jpg?v=20230419091235)\|[Uphill](https://static2.giroditalia.it/wp-content/uploads/2023/02/GvcJoPUdCOa8bw7SIV5L_190423-071909.jpg?v=20230419091909)\|[10:50-17:43 CEST](https://static2.giroditalia.it/wp-content/uploads/2023/02/Ahd4uuEpxCZTiiaN08b4_190423-071931.jpg?v=20230419091931)\|\n\n\|\|\|\n\|-\|-\|\n\|Information\| [Official Site](https://www.giroditalia.it/en/) / [Startlist](https://firstcycling.com/race.php?r=13&y=2023&k=8) / [Roadbook](https://www.giroditalia.it/wp-content/uploads/2023/04/p6bhBqjBoizSEiHHGNdX_270423-111102.pdf) / [Inrng overview stage profiles](https://inrng.com/giro/)\n\|Climb profiles\| [Passo do Santa Barbara & Passo Bordala](https://static2.giroditalia.it/wp-content/uploads/2023/02/iCp371XbMTZqgtA77dRc_190423-071511.jpg?v=20230419091511) / [Serrada](https://static2.giroditalia.it/wp-content/uploads/2023/02/jGnpAlvsQNO3yXNhke5I_190423-071513.jpg?v=20230419091513) / [Monte Bondone](https://static2.giroditalia.it/wp-content/uploads/2023/02/s2l3kQwhvv9KLF871a8E_190423-071514.jpg?v=20230419091514)\n\|Social Media\|[Twitter](https://twitter.com/giroditalia) / [Facebook](https://www.facebook.com/giroditalia) / [Instagram](https://www.instagram.com/giroditalia/)\n\|Overall Previews\|[Cycling Mole](https://cyclingmole.com/2023/05/01/2023-giro-ditalia-preview/) / [Rouleur](https://www.rouleur.cc/blogs/the-rouleur-journal/giro-d-italia-2023-the-general-classification-favourites) / [GCN](https://www.youtube.com/watch?v=DZEwIhc0AYo) / [Lanterne Rouge](https://www.youtube.com/watch?v=XNRjeYDfFMs)\n\| /r/peloton content\| [Pre-Race thread](https://old.reddit.com/r/peloton/comments/1352nn0/prerace_thread_giro_ditalia_2023_106th_edition/) / [Cheat Notes](https://old.reddit.com/r/peloton/comments/136hsqe/cheat_notes_2023_giro_de_italia/) / [RFL](https://old.reddit.com/r/peloton/comments/136zc2z/rfl_23_srfl_23_giro_ditalia_predictions_25_days/) / [SRFL](https://srfl.one/) / [SWL](https://old.reddit.com/r/peloton/comments/136jxv5/stage_winners_league_giro_ditalia_2023_rpeloton/) / [GTP](https://old.reddit.com/r/peloton/comments/1356leq/gtp_23_2023_grand_tour_predictions_game_giro/) / [TFTPT](https://old.reddit.com/r/peloton/comments/135j4qr/tftpt_23_giro_ditalia_time_tournament_new_flairs/)\n\|Live Trackers\| [Official](https://www.giroditalia.it/en/livehub/) / [Cycling News](https://www.cyclingnews.com/live-reports/) / [PCS](https://www.procyclingstats.com/race/giro-d-italia/2023/stage-16/live)\n\|TV\| [Eurosport](https://www.eurosport.com/)/[GCN+](https://www.globalcyclingnetwork.com/) / Check your local broadcaster [here](https://www.giroditalia.it/en/giro-in-tv/) / Race Coverage starts at 10:40 [CEST](http://www.timebie.com/std/centraleuropeansummer.php?q=10)\|\n---\n\n* For a live chat way to discuss/follow the race we [have a discord too](https://discord.gg/RgBftaX)!', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/', '13pfq48', [['u/alicjaunknown', 29, '2023-05-23 08:03', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9b96w/', "As famous italian once said - LET'S A GO!", '13pfq48'], ['u/disambiguationuk', 40, '2023-05-23 08:13', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9c2d4/', 'I can sense it, after all these years, today will be the day that Cav finally takes his mountain top victory capping off an already remarkable career. Freed from the shackles of the title of Sprinteur King, Cav will put to rest all the deniers that he is truly the GOAT(of all time).', '13pfq48'], ['u/TomJFrancis', 34, '2023-05-23 08:22', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9cr33/', "Can someone please explain all this Almeida hype to me? Am I missing something? What has he done that makes people think he's the fav to win? Or are some people just taking the LR podcast too seriously? \n\n(I'm not hating on the guy, I just think it's an absolute lottery at the moment)", '13pfq48'], ['u/DisastrousProfessor1', 21, '2023-05-23 08:23', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9cvik/', "I'm really looking forward to this stage. Please don't disappoint. (Who am I kidding, I'm going to be disappointed.)", '13pfq48'], ['u/aryashorse', 10, '2023-05-23 08:23', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9cvso/', 'Canzone della tappa\n\nStage 16, Sabbio Chiese– Monte Bondone: Aria cromatica e variata, by Francesco Antonio Bonporti, performed Duo Tartini\n https://youtu.be/JEw7nX9RaZQ\n \nToday’s stage finishes above Trento, where the priest and composer Francesco Antonio Bonporti (1672–1749) was born. His music was largely forgotten until the 20th century, when musicologists discovered that some of his works had been misattributed to J.S. Bach.\n \nBonporti was clearly an influence on Bach. The latter had transcribed some of Bonporti’s op.10 and Bach likely borrowed from the ‘Ecco’ movement of this piece in the ‘Echo’ movement of his own Ouverture for harpsichord BWV 831.\n \nI’m hoping that in today’s stage the GC riders, refreshed after the rest day, will match the liveliness of the tightly-woven melodies in Aria cromatica e variata.', '13pfq48'], ['u/alicjaunknown', 12, '2023-05-23 08:26', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9d25w/', "well in that case it should be Let's a go to sleep a", '13pfq48'], ['u/mcrorigan', 21, '2023-05-23 08:29', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9dc7q/', 'Simon Clarke DNS, I wonder how many more there will be this morning.', '13pfq48'], ['u/ninjeti', 15, '2023-05-23 08:47', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9epg0/', '"What has he done that makes people think he\'s the fav to win?"\n\nHe did absolutely nothing. Ineos and TJV are playing games and people somehow got an idea Almeida will thash them and that Ineos and TJV will somehow just let him do that. Copium.', '13pfq48'], ['u/bomber84e1', 14, '2023-05-23 08:55', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Crypto\'s narrative this year has varied so widely that one dominant thread is difficult to pin down. BTC was hovering comfortably above $27K.\nInsights:Crypto in Hong Kong won\'t resemble what it looked like in previously, if the government passes proposed crypto exchange rules.\nCoinDesk Market Index (CMI)\n1,204.65\n+14.6▲1.2%\nBitcoin (BTC)\n$27,139\n+235.9▲0.9%\nEthereum (ETH)\n$1,849\n+27.9▲1.5%\nS&P 500 daily close\n4,145.58\n−47.0▼1.1%\nGold\n$1,978\n+3.4▲0.2%\nTreasury Yield 10 Years\n3.7%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,204.65", "+14.6\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,139", "+235.9\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,849", "+27.9\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,145.58", "\\u221247.0\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+3.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.7%", "\\u25bc0.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin Rises Slightly and Waits\nGood morning,\nBitcoin is starting the trading day in East Asia up 0.9% to $27,139, while ether is up 1.5% to $1,849.\nAre we in a meme coin season? A hedge against risk season? Or a risk asset season?\nTough to tell these days.\nOne day it seems like bitcoin and ether are making a slow and steady push upwards, then the next memecoin comes along and shoots into the stratosphere. On other days it seems like there’s a flight to quality. Consider the data point of staked ether hitting an all-time high.\nSince Ethereum\'s Shapella upgrade on April 12, the amount of staked ether has surged,CoinDesk recently reported, with 4.4 million more coins deposited for staking.\nAll this is despite over a month\'s wait to become a network validator, driven by large ether holders seeking passive income, and anticipated deflationary forces that may increase ether\'s price, making the 4-5% annual yield an attractive proposition.\n“With Ethereum’s Shanghai over and investors nursing memecoin hangovers, the crypto market is ‘sans narrative,’ Charmyn Ho, head of crypto insights at Bybit, wrote in a note to CoinDesk.\nHo writes that the imminent Ethereum EIP-4844 upgrade, which boosts transaction throughput via a process calledproto-danksharding, could favor Layer 2 solutions like Arbitrum, Optimism, and promising new entrants like Mantle, possibly ushering an "L2 season," while the altcoin market drifts towards Bitcoin amid a fluctuating yield curve.\nBut right now, the narrative is tricky to pin down.\n“With most coins struggling to break their 20-week moving averages, it seems premature to talk of an incoming ‘altseason’ or ‘memeseason’,” Ho said. “Indeed, we are still seeing capital move the opposite way – from altcoins to Bitcoin and Ethereum. As a result, most altcoins are falling on their BTC pairs.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+1.4%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22120.9%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.8%", "DACS Sector": "Computing"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.7%", "DACS Sector": "Currency"}]\nNew Hong Kong Rules Value TradFi Chops\nA few months ago,crypto Twitterati thoughtthat Hong Kong’s upcoming virtual asset rules would unlock a geyser of degen capital and jumpstart the China crypto narrative.\nAfter all, Hong Kong was, at one time, the home of crypto’s growth story in its early days. Binance, Bitfinex, Tether, Justin Sun, and many other crypto stakeholders as well as Initial Coin Offering (ICO) teams once called Hong Kong home as the city’s fast-paced and free-flowing markets on overdrive were a natural match for crypto.\nIt was hoped that all this would make Hong Kong’s crypto scene great again – bringing back the fast times of the past.\nBut the Securities and Futures Commission\'s (SFC)latest draftof the guidelines thatcame out Tuesday afternoonHong Kong time discouraged the idea.\nCurrently, most of the virtual asset trading platforms accessible to the public are not regulated by the SFC, and the SFC hasn’t announced a list of license applicants.\nTaking a glimpse at this draft, which plays a part of the consultation process, the SFC is beating down the idea that crypto in 2023’s Hong Kong is going to be like anything of the past.\nRetail Can Trade – After Onboarding\nYes, retail investors will be able to trade crypto in Hong Kong. But not every retail investor will be able to trade crypto in Hong Kong.\nThe exact criteria of what constitutes an onboarding process hasn’t been precisely defined, but the SFC says that the automatic trading nature of virtual assets “necessitates strict requirements”.\nPlatform operators must ensure the suitability of retail clients through comprehensive onboarding processes, the SFC says, including risk tolerance assessment and a holistic evaluation of an investor\'s understanding of virtual assets based on their education, work, and prior trading experience.\nPlatforms will be required to establish limits on the size of positions, and the SFC says that exact exposure limit will be determined based on a know-your-client process the exchange conducts.\nTradFi Licenses Prioritized\nOn top of these exchanges, just like any other traditional financial institution in Hong Kong, will be two key positions: the Responsible Officer and the Licensed Representative.\nThese individuals will generally have to fit within the criteria the SFC uses for these roles in the TradFi space. They must have a combination of relevant degrees (though does such a thing exist for crypto?), management experience and local equivalents to FINRA licenses from the Hong Kong Securities and Investment Institute.\nIt’s understood that many exchanges intending to apply for licenses in Hong Kong, such as Binance, have begun to heavily hire ex-TradFi types who hold these licenses – crypto knowledge be damned.\nExchanges Must Provide Financial Disclosures\nThe new regulations mandate crypto exchanges to maintain a minimum of HKD 5,000,000 ($640,000) in capital at all times and submit monthly financial reports to the SFC, which include a summary of both assets (in particular where and when they are deposited) as well as liabilities such as bank loans or other credit facilities.\nPost-FTX, many exchanges are publishingProof of Reserves, a form of on-chain audit to build confidence in their liquidity. However, these have been criticized for lacking one key metric – liabilities. It looks like this requirement from the SFC will address this.\nNot Every Token Can Be Listed; Retail Won’t Have Stablecoins\nPart of the SFC’s proposed rules is what effectively amounts to a 12-month cooling-off period between the launch of a token and when it\'s able to be listed on regulated exchanges.\n“While a 12-month requirement may not have prevented the recent collapses of some tokens, this requirement aims to reduce the risk of reasonably hard-to-detect fraud as well as the possible impact on the price of a token of the marketing efforts leading up to its initial offering,” the SFC writes.\nListed tokens must also have a smart contract audit completed by an independent assessor. As well, tokens must be large-cap virtual assets included in at least two acceptable indices issued by two independent index providers.\nHowever, the SFC said that it doesn’t feel it would be “appropriate” to publish a list of virtual assets eligible for retail trading.\nPerhaps the most controversial part of this would be the ban on stablecoins for retail traders, as the SFC finds them unsuitable for retail traders due to the propensity for runs and the lack of regulation.\nRetail traders will only get access to stablecoinsonce local regulations for the asset class are in place.\nCustodians Excluded\nFTX customers in Japanlive in something of a parallel universe to their peers elsewhere.\nBecause rules in Japan – implemented post-Mt. Gox – require exchanges that operate in the company to use third-party custodians that segregate funds, Japanese customers have been able to withdraw crypto and fiat fromFTX Japan since early February.\nBut this won’t be the case in Hong Kong.\nThe SFC says that since there is no regulatory regime for custodians of virtual assets, allowing that would hinder their supervision and enforcement.\nThis could be considered counterintuitive, since manycrypto custodians already existin Hong Kong, like Hex Trust. Alessio Quaglini, the CEO of Hex Trust,has long called for specific custodian rules for digital assets, but it looks like that request has met deafening silence.\n10:00 a.m. HKT/SGT(2:00 UTC)New Zealand Monetary Policy Statement\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Consumer Price Index (YoY/April)\n2:009 a.m. HKT/SGT(18:00 UTC)United States FOMC Minutes\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFTX CEO\'s Legal Billings Hint at Comeback for Crypto Exchange; Bitcoin\'s Reaction to Debt Ceiling Stalemate\nThe new CEO of FTX, John Ray III, billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials. Laura Shin, "The Cryptopians" author and "Unchained" podcast host joined "First Mover" to discuss. Plus, LUKSO co-founder and chief blockchain architect Fabian Vogelsteller discussed LUKSO’s upcoming mainnet launch. And, bitcoin (BTC) was back above $27,000 – as President Biden and House Speaker Kevin McCarthy left their meeting on Monday without having reached a deal on the debt ceiling. Unizen head of research and analytics Ajay Dhingra shared his crypto markets analysis.\nCoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether:Bitcoin and Ether’s streak of monthly gains is in danger of ending.\nLabDAO Raises $3.6M to Decentralize Drug Discovery:The project also launched its new PLEX client that eases the burden of resource-intensive computations for scientific data.\nNumber of Ether Staked Has Surged by 4.4 Million Since Shapella Upgrade:Staking refers to locking coins in the blockchain network in return for rewards.\nAave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug:All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said.\nShiba Inu’s Puppynet Testnet Logs 10M Transactions, Putting Ecosystem Tokens in Focus:Ecosystem tokens shiba inu, leash and bone will be used to transact on the upcoming Ethereum-based blockchain.', 'Good morning. Here’s what’s happening: Prices: Crypto\'s narrative this year has varied so widely that one dominant thread is difficult to pin down. BTC was hovering comfortably above $27K. Insights: Crypto in Hong Kong won\'t resemble what it looked like in previously, if the government passes proposed crypto exchange rules. Prices CoinDesk Market Index (CMI) 1,204.65 +14.6 ▲ 1.2% Bitcoin (BTC) $27,139 +235.9 ▲ 0.9% Ethereum (ETH) $1,849 +27.9 ▲ 1.5% S&P 500 daily close 4,145.58 −47.0 ▼ 1.1% Gold $1,978 +3.4 ▲ 0.2% Treasury Yield 10 Years 3.7% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,204.65 +14.6 ▲ 1.2% Bitcoin (BTC) $27,139 +235.9 ▲ 0.9% Ethereum (ETH) $1,849 +27.9 ▲ 1.5% S&P 500 daily close 4,145.58 −47.0 ▼ 1.1% Gold $1,978 +3.4 ▲ 0.2% Treasury Yield 10 Years 3.7% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Rises Slightly and Waits Good morning, Bitcoin is starting the trading day in East Asia up 0.9% to $27,139, while ether is up 1.5% to $1,849. Are we in a meme coin season? A hedge against risk season? Or a risk asset season? Tough to tell these days. One day it seems like bitcoin and ether are making a slow and steady push upwards, then the next memecoin comes along and shoots into the stratosphere. On other days it seems like there’s a flight to quality. Consider the data point of staked ether hitting an all-time high. Since Ethereum\'s Shapella upgrade on April 12, the amount of staked ether has surged, CoinDesk recently reported , with 4.4 million more coins deposited for staking. All this is despite over a month\'s wait to become a network validator, driven by large ether holders seeking passive income, and anticipated deflationary forces that may increase ether\'s price, making the 4-5% annual yield an attractive proposition. Story continues “With Ethereum’s Shanghai over and investors nursing memecoin hangovers, the crypto market is ‘sans narrative,’ Charmyn Ho, head of crypto insights at Bybit, wrote in a note to CoinDesk. Ho writes that the imminent Ethereum EIP-4844 upgrade, which boosts transaction throughput via a process called proto-danksharding , could favor Layer 2 solutions like Arbitrum, Optimism, and promising new entrants like Mantle, possibly ushering an "L2 season," while the altcoin market drifts towards Bitcoin amid a fluctuating yield curve. But right now, the narrative is tricky to pin down. “With most coins struggling to break their 20-week moving averages, it seems premature to talk of an incoming ‘altseason’ or ‘memeseason’,” Ho said. “Indeed, we are still seeing capital move the opposite way – from altcoins to Bitcoin and Ethereum. As a result, most altcoins are falling on their BTC pairs.” Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +1.5% Smart Contract Platform Ethereum ETH +1.4% Smart Contract Platform Gala GALA +1.4% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −0.9% Entertainment Chainlink LINK −0.8% Computing Dogecoin DOGE −0.7% Currency Insights New Hong Kong Rules Value TradFi Chops A few months ago, crypto Twitterati thought that Hong Kong’s upcoming virtual asset rules would unlock a geyser of degen capital and jumpstart the China crypto narrative. After all, Hong Kong was, at one time, the home of crypto’s growth story in its early days. Binance, Bitfinex, Tether, Justin Sun, and many other crypto stakeholders as well as Initial Coin Offering (ICO) teams once called Hong Kong home as the city’s fast-paced and free-flowing markets on overdrive were a natural match for crypto. It was hoped that all this would make Hong Kong’s crypto scene great again – bringing back the fast times of the past. But the Securities and Futures Commission\'s (SFC) latest draft of the guidelines that came out Tuesday afternoon Hong Kong time discouraged the idea. Currently, most of the virtual asset trading platforms accessible to the public are not regulated by the SFC, and the SFC hasn’t announced a list of license applicants. Taking a glimpse at this draft, which plays a part of the consultation process, the SFC is beating down the idea that crypto in 2023’s Hong Kong is going to be like anything of the past. Retail Can Trade – After Onboarding Yes, retail investors will be able to trade crypto in Hong Kong. But not every retail investor will be able to trade crypto in Hong Kong. The exact criteria of what constitutes an onboarding process hasn’t been precisely defined, but the SFC says that the automatic trading nature of virtual assets “necessitates strict requirements”. Platform operators must ensure the suitability of retail clients through comprehensive onboarding processes, the SFC says, including risk tolerance assessment and a holistic evaluation of an investor\'s understanding of virtual assets based on their education, work, and prior trading experience. Platforms will be required to establish limits on the size of positions, and the SFC says that exact exposure limit will be determined based on a know-your-client process the exchange conducts. TradFi Licenses Prioritized On top of these exchanges, just like any other traditional financial institution in Hong Kong, will be two key positions: the Responsible Officer and the Licensed Representative. These individuals will generally have to fit within the criteria the SFC uses for these roles in the TradFi space. They must have a combination of relevant degrees (though does such a thing exist for crypto?), management experience and local equivalents to FINRA licenses from the Hong Kong Securities and Investment Institute. It’s understood that many exchanges intending to apply for licenses in Hong Kong, such as Binance, have begun to heavily hire ex-TradFi types who hold these licenses – crypto knowledge be damned. Exchanges Must Provide Financial Disclosures The new regulations mandate crypto exchanges to maintain a minimum of HKD 5,000,000 ($640,000) in capital at all times and submit monthly financial reports to the SFC, which include a summary of both assets (in particular where and when they are deposited) as well as liabilities such as bank loans or other credit facilities. Post-FTX, many exchanges are publishing Proof of Reserves , a form of on-chain audit to build confidence in their liquidity. However, these have been criticized for lacking one key metric – liabilities. It looks like this requirement from the SFC will address this. Not Every Token Can Be Listed; Retail Won’t Have Stablecoins Part of the SFC’s proposed rules is what effectively amounts to a 12-month cooling-off period between the launch of a token and when it\'s able to be listed on regulated exchanges. “While a 12-month requirement may not have prevented the recent collapses of some tokens, this requirement aims to reduce the risk of reasonably hard-to-detect fraud as well as the possible impact on the price of a token of the marketing efforts leading up to its initial offering,” the SFC writes. Listed tokens must also have a smart contract audit completed by an independent assessor. As well, tokens must be large-cap virtual assets included in at least two acceptable indices issued by two independent index providers. However, the SFC said that it doesn’t feel it would be “appropriate” to publish a list of virtual assets eligible for retail trading. Perhaps the most controversial part of this would be the ban on stablecoins for retail traders, as the SFC finds them unsuitable for retail traders due to the propensity for runs and the lack of regulation. Retail traders will only get access to stablecoins once local regulations for the asset class are in place. Custodians Excluded FTX customers in Japan live in something of a parallel universe to their peers elsewhere. Because rules in Japan – implemented post-Mt. Gox – require exchanges that operate in the company to use third-party custodians that segregate funds, Japanese customers have been able to withdraw crypto and fiat from FTX Japan since early February. But this won’t be the case in Hong Kong. The SFC says that since there is no regulatory regime for custodians of virtual assets, allowing that would hinder their supervision and enforcement. This could be considered counterintuitive, since many crypto custodians already exist in Hong Kong, like Hex Trust. Alessio Quaglini, the CEO of Hex Trust, has long called for specific custodian rules for digital assets , but it looks like that request has met deafening silence. Important events. 10:00 a.m. HKT/SGT(2:00 UTC) New Zealand Monetary Policy Statement 2:00 p.m. HKT/SGT(6:00 UTC) United Kingdom Consumer Price Index (YoY/April) 2:009 a.m. HKT/SGT(18:00 UTC) United States FOMC Minutes CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : FTX CEO\'s Legal Billings Hint at Comeback for Crypto Exchange; Bitcoin\'s Reaction to Debt Ceiling Stalemate The new CEO of FTX, John Ray III, billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials. Laura Shin, "The Cryptopians" author and "Unchained" podcast host joined "First Mover" to discuss. Plus, LUKSO co-founder and chief blockchain architect Fabian Vogelsteller discussed LUKSO’s upcoming mainnet launch. And, bitcoin (BTC) was back above $27,000 – as President Biden and House Speaker Kevin McCarthy left their meeting on Monday without having reached a deal on the debt ceiling. Unizen head of research and analytics Ajay Dhingra shared his crypto markets analysis. Headlines CoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether : Bitcoin and Ether’s streak of monthly gains is in danger of ending. LabDAO Raises $3.6M to Decentralize Drug Discovery : The project also launched its new PLEX client that eases the burden of resource-intensive computations for scientific data. Number of Ether Staked Has Surged by 4.4 Million Since Shapella Upgrade : Staking refers to locking coins in the blockchain network in return for rewards. Aave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug : All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said. Shiba Inu’s Puppynet Testnet Logs 10M Transactions, Putting Ecosystem Tokens in Focus : Ecosystem tokens shiba inu, leash and bone will be used to transact on the upcoming Ethereum-based blockchain.', 'Bitcoin edged up and continued trading above the US$27,000 threshold on Wednesday morning in Asia, with other top 10 non-stablecoin cryptocurrencies trading mixed. Investors continue to eye U.S. debt ceiling talks. Bitcoin, Ether rise Bitcoin rose 0.39% over the last 24 hours to US$27,172 at 9:45 a.m. in Hong Kong, according to data from CoinMarketCap. Hong Kong\x92s securities regulator announced Tuesday that it will allow trading of certain crypto assets from June 1, contributing to the rise. The world\x92s largest cryptocurrency by market capitalization was, however, down 0.14% over the past seven days. Ether climbed 0.43% in the past 24 hours to US$1,848, up 0.82% over the past week. Dogecoin was down 1% over the last 24 hours to US$0.07267. It also logged a 1% weekly decline. Conversely, daily transaction volume on the Dogecoin network reached an all-time high of 1.42 million transactions on Monday. That figure surpasses Ethereum\x92s 1.11 million, Bitcoin\x92s 519,716 and Litecoin\x92s 258,222 transactions, according to data from BitInfoCharts. The rise followed the launch on May 9 of a new Dogecoin mechanism. This allows the\xa0 issuance of so-called DRC-20 tokens. Some social media commentators have attributed the gains to the hype caused by the release. Daily #Dogecoin transactions have skyrocketed to ATH (650k), surpassing #BTC and #LTC transactions today due to folks trying to cram tokens (DRC20 "standard") and other stuff on top of the Dogecoin network. Many have been rushing to mint these "tokens" over the past two days. pic.twitter.com/Vt60MxX1no \x97 Mishaboar (@mishaboar) May 15, 2023 Meanwhile, BNB added 0.58% over the past 24 hours to US$312. That rise came despite a Reuters report published Tuesday alleging that Binance, the token\x92s issuer, had failed to properly separate client and company funds. \x93The report is definitely not bullish for Binance or BNB but, ultimately, that\x92s still one piece of news within a broader market,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock. Story continues \x93It\x92s worth noting that BNB as a blockchain recorded a massive amount of transactions, which seems to hint at a lot of enthusiasm, building and utility for the chain, regardless of allegations on Binance\x92s business.\x94 Bitcoin-based NFT daily sales rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.01% at 3,389.10 in the 24 hours to 11:00 a.m. in Hong Kong. The index was up 0.12% over the past seven days. NFT sales on Ethereum fell 5.34% in the last 24 hours to US$13.49 million, according to CryptoSlam data. Whereas, sales on the Bitcoin blockchain expanded 49.67% to US$4.03 million. AssetDash Vanta , a Solana-based NFT collection that started minting on Tuesday, recorded the most sales across the NFT market in the past 24 hours. It recorded a daily sales value of US$1.54 million. Bitamigos , a Bitcoin Ordinals collection, is currently second in terms of daily sales value. Its daily sales rose 30.4% over the past 24 hours to US$1.05 million. According to Yehudah Petscher, NFT Strategist at Forkast Labs, \x93the past seven days in NFTs have been all about Bitcoin Ordinals, which now represent three of the top 10 collections.\x94 He added that Bored Ape Yacht Club \x93has been dethroned for now, with two Ordinals projects and Mythos Chain\x92s DMarket all outselling the NFT community\x92s favorite apes.\x94 Regardless, BAYC still saw the most sales on Ethereum in the last 24 hours. It recorded a daily sales value of US$950,020. U.S. futures rise; New Zealand raises rates House Majority Leader Steve Scalise. Image: Getty Images Major U.S. stock futures rose as of noon in Hong Kong. The Dow Jones Industrial Average futures edged up 0.09%, while the tech-heavy Nasdaq 100 futures rose 0.1%. The S&P 500 futures added 0.11%. U.S. debt ceiling negotiations continue to drag on. A group of House Republicans raised questions Tuesday regarding the June 1 debt default deadline suggested by Treasury Secretary Janet Yellen. Yellen has repeatedly stated that the U.S. will fail to pay its debts from that date. The resulting default would lead to devastating consequences for U.S. and global markets. It would also, Yellen warns, erode global trust in U.S. treasuries as a safe haven for investment. House Majority Leader Steve Scalise told reporters on Tuesday that they would like to see \x93more transparency\x94 on how the Treasury Department arrived at June 1 as the so-called \x93X-date\x94 for the default. \x93It looks like they\x92re hedging now and opening the door to move that date back,\x94 he said. Meanwhile, New Zealand\x92s central bank hiked interest rates by 25 basis points Wednesday to 5.5%. That is its highest rate in over 14 years. The move is in line with the expectations of economists polled by Reuters. Elsewhere, in Japan, business sentiment among domestic manufacturers turned positive for the first time this year, according to a Reuters Tankan poll for May. View comments', 'Bitcoin edged up and continued trading above the US$27,000 threshold on Wednesday morning in Asia, with other top 10 non-stablecoin cryptocurrencies trading mixed. Investors continue to eye U.S. debt ceiling talks.\nBitcoin rose 0.39% over the last 24 hours to US$27,172 at 9:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. Hong Kong’s securities regulatorannouncedTuesday that it will allow trading of certain crypto assets from June 1, contributing to the rise.\nThe world’s largest cryptocurrency by market capitalization was, however, down 0.14% over the past seven days.\nEther climbed 0.43% in the past 24 hours to US$1,848, up 0.82% over the past week.\nDogecoin was down 1% over the last 24 hours to US$0.07267. It also logged a 1% weekly decline.\nConversely, daily transaction volume on the Dogecoin network reached an all-time high of 1.42 million transactions on Monday. That figure surpasses Ethereum’s 1.11 million, Bitcoin’s 519,716 and Litecoin’s 258,222 transactions, according todatafrom BitInfoCharts.\nThe rise followed thelaunchon May 9 of a new Dogecoin mechanism. This allows the\xa0 issuance of so-called DRC-20 tokens. Some social media commentators have attributed the gains to thehypecaused by the release.\nMeanwhile, BNB added 0.58% over the past 24 hours to US$312. That rise came despite a Reutersreportpublished Tuesday alleging that Binance, the token’s issuer, had failed to properly separate client and company funds.\n“The report is definitely not bullish for Binance or BNB but, ultimately, that’s still one piece of news within a broader market,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“It’s worth noting that BNB as a blockchain recorded a massive amount of transactions, which seems to hint at a lot of enthusiasm, building and utility for the chain, regardless of allegations on Binance’s business.”\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.01% at 3,389.10 in the 24 hours to 11:00 a.m. in Hong Kong. The index was up 0.12% over the past seven days.\nNFT sales on Ethereum fell 5.34% in the last 24 hours to US$13.49 million, according toCryptoSlamdata. Whereas, sales on the Bitcoin blockchain expanded 49.67% to US$4.03 million.\nAssetDash Vanta, a Solana-based NFT collection that startedmintingon Tuesday, recorded the most sales across the NFT market in the past 24 hours. It recorded a daily sales value of US$1.54 million.\nBitamigos, a Bitcoin Ordinals collection, is currently second in terms of daily sales value. Its daily sales rose 30.4% over the past 24 hours to US$1.05 million.\nAccording toYehudah Petscher,NFT Strategist at Forkast Labs, “the past seven days in NFTs have been all about Bitcoin Ordinals, which now represent three of the top 10 collections.”\nHe added thatBored Ape Yacht Club“has been dethroned for now, with two Ordinals projects and Mythos Chain’s DMarket all outselling the NFT community’s favorite apes.”\nRegardless, BAYC still saw the most sales on Ethereum in the last 24 hours. It recorded a daily sales value of US$950,020.\nMajor U.S. stock futures rose as of noon in Hong Kong. The Dow Jones Industrial Average futures edged up 0.09%, while the tech-heavy Nasdaq 100 futures rose 0.1%. The S&P 500 futures added 0.11%.\nU.S. debt ceiling negotiations continue to drag on. A group of House Republicans raised questions Tuesday regarding the June 1 debt default deadlinesuggestedby Treasury Secretary Janet Yellen.\nYellen has repeatedly stated that the U.S. will fail to pay its debts from that date. The resulting default would lead to devastating consequences for U.S. and global markets. It would also, Yellen warns, erode global trust in U.S. treasuries as a safe haven for investment.\nHouse Majority Leader Steve Scalisetoldreporters on Tuesday that they would like to see “more transparency” on how the Treasury Department arrived at June 1 as the so-called “X-date” for the default.\n“It looks like they’re hedging now and opening the door to move that date back,” he said.\nMeanwhile, New Zealand’s central bankhikedinterest rates by 25 basis points Wednesday to 5.5%. That is its highest rate in over 14 years. The move is in line with the expectations of economistspolledby Reuters.\nElsewhere, in Japan, business sentiment among domestic manufacturers turned positive for the first time this year, according to a Reuters Tankanpollfor May.', 'Bitcoin edged up and continued trading above the US$27,000 threshold on Wednesday morning in Asia, with other top 10 non-stablecoin cryptocurrencies trading mixed. Investors continue to eye U.S. debt ceiling talks.\nBitcoin rose 0.39% over the last 24 hours to US$27,172 at 9:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. Hong Kong’s securities regulatorannouncedTuesday that it will allow trading of certain crypto assets from June 1, contributing to the rise.\nThe world’s largest cryptocurrency by market capitalization was, however, down 0.14% over the past seven days.\nEther climbed 0.43% in the past 24 hours to US$1,848, up 0.82% over the past week.\nDogecoin was down 1% over the last 24 hours to US$0.07267. It also logged a 1% weekly decline.\nConversely, daily transaction volume on the Dogecoin network reached an all-time high of 1.42 million transactions on Monday. That figure surpasses Ethereum’s 1.11 million, Bitcoin’s 519,716 and Litecoin’s 258,222 transactions, according todatafrom BitInfoCharts.\nThe rise followed thelaunchon May 9 of a new Dogecoin mechanism. This allows the\xa0 issuance of so-called DRC-20 tokens. Some social media commentators have attributed the gains to thehypecaused by the release.\nMeanwhile, BNB added 0.58% over the past 24 hours to US$312. That rise came despite a Reutersreportpublished Tuesday alleging that Binance, the token’s issuer, had failed to properly separate client and company funds.\n“The report is definitely not bullish for Binance or BNB but, ultimately, that’s still one piece of news within a broader market,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“It’s worth noting that BNB as a blockchain recorded a massive amount of transactions, which seems to hint at a lot of enthusiasm, building and utility for the chain, regardless of allegations on Binance’s business.”\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.01% at 3,389.10 in the 24 hours to 11:00 a.m. in Hong Kong. The index was up 0.12% over the past seven days.\nNFT sales on Ethereum fell 5.34% in the last 24 hours to US$13.49 million, according toCryptoSlamdata. Whereas, sales on the Bitcoin blockchain expanded 49.67% to US$4.03 million.\nAssetDash Vanta, a Solana-based NFT collection that startedmintingon Tuesday, recorded the most sales across the NFT market in the past 24 hours. It recorded a daily sales value of US$1.54 million.\nBitamigos, a Bitcoin Ordinals collection, is currently second in terms of daily sales value. Its daily sales rose 30.4% over the past 24 hours to US$1.05 million.\nAccording toYehudah Petscher,NFT Strategist at Forkast Labs, “the past seven days in NFTs have been all about Bitcoin Ordinals, which now represent three of the top 10 collections.”\nHe added thatBored Ape Yacht Club“has been dethroned for now, with two Ordinals projects and Mythos Chain’s DMarket all outselling the NFT community’s favorite apes.”\nRegardless, BAYC still saw the most sales on Ethereum in the last 24 hours. It recorded a daily sales value of US$950,020.\nMajor U.S. stock futures rose as of noon in Hong Kong. The Dow Jones Industrial Average futures edged up 0.09%, while the tech-heavy Nasdaq 100 futures rose 0.1%. The S&P 500 futures added 0.11%.\nU.S. debt ceiling negotiations continue to drag on. A group of House Republicans raised questions Tuesday regarding the June 1 debt default deadlinesuggestedby Treasury Secretary Janet Yellen.\nYellen has repeatedly stated that the U.S. will fail to pay its debts from that date. The resulting default would lead to devastating consequences for U.S. and global markets. It would also, Yellen warns, erode global trust in U.S. treasuries as a safe haven for investment.\nHouse Majority Leader Steve Scalisetoldreporters on Tuesday that they would like to see “more transparency” on how the Treasury Department arrived at June 1 as the so-called “X-date” for the default.\n“It looks like they’re hedging now and opening the door to move that date back,” he said.\nMeanwhile, New Zealand’s central bankhikedinterest rates by 25 basis points Wednesday to 5.5%. That is its highest rate in over 14 years. The move is in line with the expectations of economistspolledby Reuters.\nElsewhere, in Japan, business sentiment among domestic manufacturers turned positive for the first time this year, according to a Reuters Tankanpollfor May.', "According to a report in CoinDesk, the ongoing debate surroundingBitcoinmining is overlooking the voices of those most affected by the industry's operations. In upstate New York, where crypto mining facility Greenidge Generation is located, environmentalists have been successful in influencing legislation targeting mining companies. However, local residents near Greenidge feel excluded from the conversation, while the broader debate fails to acknowledge the role the facility plays in their lives.\nThe Greenidge facility has faced criticism from environmentalists who claim it is responsible for harming aquatic life and contributing to harmful algal blooms. However, the rhetoric used by these critics, including New York Assemblywoman Anna Kelles, has been debunked by state data and direct, on-the-ground experiences. Meanwhile, advocates for the industry are touting the potential benefits of Bitcoin mining, such as investments in renewable energy and improvements to energy grids. The debate has become highly politicized, focusing on environmental and philosophical concerns, without fully considering the nuanced realities on the ground.", "Report Combats Misinformation in Bitcoin Mining Debate Report Combats Misinformation in Bitcoin Mining Debate According to a report in CoinDesk, the ongoing debate surrounding Bitcoin mining is overlooking the voices of those most affected by the industry's operations. In upstate New York, where crypto mining facility Greenidge Generation is located, environmentalists have been successful in influencing legislation targeting mining companies. However, local residents near Greenidge feel excluded from the conversation, while the broader debate fails to acknowledge the role the facility plays in their lives. The Greenidge facility has faced criticism from environmentalists who claim it is responsible for harming aquatic life and contributing to harmful algal blooms. However, the rhetoric used by these critics, including New York Assemblywoman Anna Kelles, has been debunked by state data and direct, on-the-ground experiences. Meanwhile, advocates for the industry are touting the potential benefits of Bitcoin mining, such as investments in renewable energy and improvements to energy grids. The debate has become highly politicized, focusing on environmental and philosophical concerns, without fully considering the nuanced realities on the ground.", "According to a report in CoinDesk, the ongoing debate surroundingBitcoinmining is overlooking the voices of those most affected by the industry's operations. In upstate New York, where crypto mining facility Greenidge Generation is located, environmentalists have been successful in influencing legislation targeting mining companies. However, local residents near Greenidge feel excluded from the conversation, while the broader debate fails to acknowledge the role the facility plays in their lives.\nThe Greenidge facility has faced criticism from environmentalists who claim it is responsible for harming aquatic life and contributing to harmful algal blooms. However, the rhetoric used by these critics, including New York Assemblywoman Anna Kelles, has been debunked by state data and direct, on-the-ground experiences. Meanwhile, advocates for the industry are touting the potential benefits of Bitcoin mining, such as investments in renewable energy and improvements to energy grids. The debate has become highly politicized, focusing on environmental and philosophical concerns, without fully considering the nuanced realities on the ground.", "According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential.\nThe data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data.\nThis data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way.", "According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential.\nThe data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data.\nThis data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way.", "One-Year Bitcoin ‘HODLing’ Hits New All-Time High One-Year Bitcoin ‘HODLing’ Hits New All-Time High According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential. The data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data. This data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way. View comments", '• US stocks fell Tuesday as debt-ceiling talks appeared to stall.\n• "It\'s a slow walk," Rep. Patrick McHenry said, according to Roll Call.\n• The Treasury Department is reportedly hunting for ways to conserve cash.\nUS stocks dropped Tuesday with no word yet from the White House or Republicans on whether any more progress has been made on a deal to steer the country away from a potential debt default.\nThe Dow Jones Industrial Average lost ground for a second consecutive day, and the Nasdaq Composite was knocked lower after logging its highest close of the year in the previous session.\nInvestors appeared spooked by the lack of movement from Democrats and Republicans over reaching a deal to raise the $31 trillion debt ceiling. Treasury Secretary Janet Yellen has said the government will run out of cash to pay bills as soon as June 1.\nLooking for ways to conserve cash, the Treasury Department has asked government agencies whether they can make upcoming payments at a later date,the Washington Post reported, citing unnamed sources.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500:4,145.58, down 1.12%\n• Dow Jones Industrial Average:33,055.51, down 0.69% (231.07 points)\n• Nasdaq Composite:12,560.25, down 1.26%\nRepublican negotiators said Tuesday that no progress had been made in bridging differences with White House negotiators,according to Roll Call. Meanwhile, congressional Democrats have said "extreme" demands by Republicans to get a deal done are hindering bipartisan support.\n"It\'s a slow walk," Rep. Patrick McHenry, R-North Carolina, said Tuesday, according to Roll Call. "There\'s a lack of urgency that is problematic, deeply problematic."\nEarlier this month, the White House\'s Council of Economic Advisers warned a debt defaultcould ignite a 45% crash in the stock marketand throw the economy into a deep recession.\nHere\'s what else is happening today:\n• Stocks will be damagedeven if lawmakers reach a debt ceiling deal, said a market veteran.\n• Treasury Department could issue$700 billion in T-bills within weeksof a debt-ceiling deal, draining liquidity from markets.\n• JPMorgan CEO Jamie Dimon warnedcommercial real estate poses risks to US banks.\n• Investors could benefit fromrevamping their 60/40 portfolios, a top Goldman strategist said.\n• Carl Icahn\'s wealth has plungedby $15 billion since a short-seller targeted him, but the activist investor is ready to fight back.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate cruderose 1.2% to trade at $72.91 per barrel.Brent crude,the international benchmark, rose 1.1% to $76.84.\n• Goldpicked up $0.50 to $1,977.50 per ounce.\n• The10-year Treasury yieldfell 1 basis point to 3.70%.\n• Bitcoinmoved up by 1.1% to $27,148.06.\nRead the original article onBusiness Insider', 'Brendan McDermid/Reuters US stocks fell Tuesday as debt-ceiling talks appeared to stall. "It\'s a slow walk," Rep. Patrick McHenry said, according to Roll Call. The Treasury Department is reportedly hunting for ways to conserve cash. US stocks dropped Tuesday with no word yet from the White House or Republicans on whether any more progress has been made on a deal to steer the country away from a potential debt default. The Dow Jones Industrial Average lost ground for a second consecutive day, and the Nasdaq Composite was knocked lower after logging its highest close of the year in the previous session. Investors appeared spooked by the lack of movement from Democrats and Republicans over reaching a deal to raise the $31 trillion debt ceiling. Treasury Secretary Janet Yellen has said the government will run out of cash to pay bills as soon as June 1. Looking for ways to conserve cash, the Treasury Department has asked government agencies whether they can make upcoming payments at a later date, the Washington Post reported , citing unnamed sources. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday: S&P 500 : 4,145.58, down 1.12% Dow Jones Industrial Average : 33,055.51, down 0.69% (231.07 points) Nasdaq Composite : 12,560.25, down 1.26% Republican negotiators said Tuesday that no progress had been made in bridging differences with White House negotiators, according to Roll Call . Meanwhile, congressional Democrats have said "extreme" demands by Republicans to get a deal done are hindering bipartisan support. "It\'s a slow walk," Rep. Patrick McHenry, R-North Carolina, said Tuesday, according to Roll Call. "There\'s a lack of urgency that is problematic, deeply problematic." Earlier this month, the White House\'s Council of Economic Advisers warned a debt default could ignite a 45% crash in the stock market and throw the economy into a deep recession. Here\'s what else is happening today: Stocks will be damaged even if lawmakers reach a debt ceiling deal, said a market veteran. Treasury Department could issue $700 billion in T-bills within weeks of a debt-ceiling deal, draining liquidity from markets. JPMorgan CEO Jamie Dimon warned commercial real estate poses risks to US banks. Investors could benefit from revamping their 60/40 portfolios , a top Goldman strategist said. Carl Icahn\'s wealth has plunged by $15 billion since a short-seller targeted him, but the activist investor is ready to fight back. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude rose 1.2% to trade at $72.91 per barrel. Brent crude, the international benchmark, rose 1.1% to $76.84. Gold picked up $0.50 to $1,977.50 per ounce. The 10-year Treasury yield fell 1 basis point to 3.70%. Bitcoin moved up by 1.1% to $27,148.06. Read the original article on Business Insider', 'Cameron Winklevoss and Tyler Winklevoss - Alli Harvey/Getty Images for Spotify The billionaire Winklevoss twins who sued Mark Zuckerberg over the creation of Facebook are considering a UK base for their cryptocurrency giant, decrying a \x93hostile\x94 climate in the US . Cameron and Tyler Winklevoss said that they were thinking about setting up a \x93second headquarters\x94 for the crypto exchange Gemini in London. The brothers this week met officials at the Financial Conduct Authority (FCA) and Bank of England as they scout locations to focus Gemini\x92s investment. US cryptocurrency companies are complaining of an increasingly difficult regulatory environment following the collapse of FTX, the bankrupt exchange run by Sam Bankman-Fried . FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court - Michael M. Santiago/Getty Images \x93There are so many headwinds right now in the US it\x92s hard to get anything done there. And so in order to keep building our business and invest in hiring, we have to look elsewhere,\x94 said Cameron Winklevoss. \x93And the UK is a great market to consider that. There\x92s a point in the future where we have a larger headcount outside of the US than in the US, and there\x92s probably a jurisdiction or country that ... maybe is larger than the US. \x93Whether you want to call that a second headquarters or global headquarters, we very much are lookin Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,751,286,731 - Hash Rate: 347301203.81571233 - Transaction Count: 405521.0 - Unique Addresses: 617027.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Traders work the floor of the New York Stock Exchange during morning trading on May 05, 2022 in New York City. Michael M. Santiago/Getty US stocks fell on Thursday after weekly jobless claims jumped to the highest level since October 2021. Initial jobless claims jumped by 22,000 to 264,000, which was ahead of estimates for 245,000. PacWest Bancorp plunged more than 20% after the bank said its deposit base fell by nearly 10% last week. US stocks edged lower on Thursday after weekly jobless claims surged by 22,000 to 264,000, representing the highest level since October 2021. The high jobless claims number came in ahead of economists estimates for 245,000, and it continues a recent trend of the unemployment claims ticking higher as more companies reduce their headcount and slowdown their hiring efforts. Banking fears were renewed after PacWest Bancorp said its deposit base shrunk by nearly 10% last week after a report said it was considering a sale. The troubled bank stock plunged by more than 20% and helped drag down the Regional Banking sector ETF by 2%. Stocks also dipped despite further signs inflation is coming down. The April Producer Price Index rose just 0.2%, below expectations for a 0.3% rise. The PPI index fell to 2.3% year-over-year in April. That follows Wednesday's reading of the Consumer Price Index, which showed prices rose 4.9% last month, lower than economists' estimates. Investors remain focused on earnings results after Disney reported a decline in streaming subscriptions to its Disney+ platform. The stock fell about 6%. So far 90% of S&P 500 companies have reported first-quarter earnings so far, with 77% of those companies beating profit estimates by a median of 8%. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Thursday: S&P 500 : 4,123.36, down 0.35% Dow Jones Industrial Average : 33,287.03, down 0.73% (244.30 points) Nasdaq Composite : 12,284.70, down 0.18% Here's what else is happening this morning: Egg prices have declined by 32% since their January peak, which has helped limit the rise of inflation in recent months. Top economist David Rosenberg said Microsoft's decision to not raise salaries for its full-time employees signaled that US inflation should continue to fall. Bitcoin has slumped nearly 10% over the past month, putting the 2023 crypto rally in jeopardy after a strong start to the year. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 1.65% to $71.36 per barrel. Brent crude , oil's international benchmark, dropped 1.58% to $75.20. Gold rose 0.12% to $2,039.60 per ounce. The yield on the 10-year Treasury fell 6 basis point to 3.37%. Bitcoin dropped 0.97% to $27,359, while ether fell 1.44% to $1,816. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties. Insights: In an interview with CoinDesk, Market maker Flowdesk\'s CEO sees opportunity in the U.S. Prices CoinDesk Market Index (CMI) 1,145 −32.2 ▼ 2.7% Bitcoin (BTC) $26,362 −856.1 ▼ 3.1% Ethereum (ETH) $1,805 −48.8 ▼ 2.6% S&P 500 4,115.24 −30.3 ▼ 0.7% Gold $1,961 −11.3 ▼ 0.6% Nikkei 225 30,682.68 −275.1 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,145 −32.2 ▼ 2.7% Bitcoin (BTC) $26,362 −856.1 ▼ 3.1% Ethereum (ETH) $1,805 −48.8 ▼ 2.6% S&P 500 4,115.24 −30.3 ▼ 0.7% Gold $1,961 −11.3 ▼ 0.6% Nikkei 225 30,682.68 −275.1 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Down Day for Bitcoin As the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days. Bitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise. "Bitcoin remains rangebound and should continue to consolidate near the lower boundaries of its downward sloping trading range, with the $25,000 level providing massive support," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. Ether was recently changing hands at about $1,800, down 2.8% from Tuesday at the same time. Other major cryptos were mostly in the red, with popular memecoins DOGE and SHIB recently falling about 3% and 4%, respectively. The CoinDesk Market Index , a measure of cypto markets performance, was down 3%. Story continues Moya wrote that "bitcoin is under pressure as the risk of a U.S. default grows," and the U.S. central bank faces the prospect of continuing its monetary tightening. "Bitcoin is going to be very sensitive to surging Treasury yields as too many crypto/blockchain companies will struggle with financing," he wrote. "It is hard enough to find a bank that will deal in cryptos, let alone take out loans for long-term projects." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −5.8% Smart Contract Platform Decentraland MANA −4.8% Entertainment Shiba Inu SHIB −4.5% Currency Insights Market Maker Flowdesk Aims for U.S. Expansion It’s tough to find someone that’s bullish on the U.S. crypto market. Some of the most recognizable names in the industry are bearish, citing a lack of regulatory clarity, like Coinbase CEO Brian Armstrong . Coinbase has threatened to move offshore if regulatory clarity isn’t established soon. And its sentiment is shared by many – plenty of crypto venture capitalists prefer to invest in places like Singapore. But Guilhem Chaumont, CEO of market maker and liquidity provider Flowdesk, sees things differently. In an interview with CoinDesk, Chaumont says he views the U.S. as a central hub for the crypto market and believes his company can thrive there due to its commitment to compliance and regulatory requirements – as onerous and unclear as they might be – from day one. Chaumont told CoinDesk that his company had just opened a New York office, which it wants to expand. The sophistication and size of the U.S. capital markets is a worthwhile trade-off for having to deal with its regulatory regime, he argues. He said that there’s an inevitable convergence of crypto and traditional finance (TradFi) regulations, which he views positively. He also notes the potential for a talent bridge between the sectors. "Crypto is not going to happen without regulation. And if that means that regulation needs to be TradFi levels, we are on this side, as we prefer to have this than having no regulation basically," he said. Hong Kong, for example, heavily emphasized the TradFi experience when it recently released the first draft of its crypto licensure framework. “The convergence of these two regulatory frameworks is a positive sign for us. Because it will allow for a massive bridge of talent to come into crypto," Chaumont said. In an ideal world, Chaumont says, there would be purpose-built regulation for crypto, but sometimes a compromise is necessary. After all, the future of crypto trading involves more and more regulated assets. “There was a hope, which I shared, that we could reinvent everything from scratch and take the best of both worlds to devise new regulation that is simpler than that of TradFi and lacks its costly complexity,” he said. “What we\'re seeing is that this hope is slowly fading away, and crypto regulation is basically converging with TradFi.” Which, for Flowdesk, isn’t a bad thing. Important events. The Future of Money, Governance & The Law (Washington D.C.) 8:30 p.m. HKT/SGT(12:30 UTC) United States Gross Domestic Product Annualized (Q1) 7:30 a.m. HKT/SGT(23:30 UTC) Tokyo Consumer Price Index (YoY/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ledger CEO on Key Recovery Rollout Delay; Bitcoin Poised to Post First Losing Month of 2023 Following scrutiny from the crypto community, hardware wallet provider Ledger said it will delay releasing a key recovery feature. Ledger CEO and Chairman Pascal Gauthier joined "First Mover" to discuss why the firm won’t introduce the new feature before releasing the code for it. Separately, Prometheum Inc. founder and co-CEO Aaron Kaplan discussed the SEC-friendly crypto path that the firm has found with the U.S. regulator. And, "The Crypto Trader" author Glen Goodman shared his markets analysis, as bitcoin (BTC) is on track to post its first losing month of 2023. Headlines Crypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet : Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago. Fantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool : Multichain’s current upgrade is taking longer than expected, causing delays in their transactions. 0x Releases Latest Version of DEX Aggregator Matcha : The newest iteration is focused on enhancing the trading experience for users. Ava Labs Launches \'No-Code\' Web3 Launchpad AvaCloud : Ava Labs says that the tool will allow companies to bring Web3 products to market faster, cheaper and with lower risk. Non-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners : Miners will be scored based on their use of clean energy and grid impact.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties.\nInsights:In an interview with CoinDesk, Market maker Flowdesk\'s CEO sees opportunity in the U.S.\nCoinDesk Market Index (CMI)\n1,145\n−32.2▼2.7%\nBitcoin (BTC)\n$26,362\n−856.1▼3.1%\nEthereum (ETH)\n$1,805\n−48.8▼2.6%\nS&P 500\n4,115.24\n−30.3▼0.7%\nGold\n$1,961\n−11.3▼0.6%\nNikkei 225\n30,682.68\n−275.1▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,145", "\\u221232.2\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,362", "\\u2212856.1\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,805", "\\u221248.8\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,115.24", "\\u221230.3\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221211.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,682.68", "\\u2212275.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Down Day for Bitcoin\nAs the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days.\nBitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise.\n"Bitcoin remains rangebound and should continue to consolidate near the lower boundaries of its downward sloping trading range, with the $25,000 level providing massive support," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email.\nEther was recently changing hands at about $1,800, down 2.8% from Tuesday at the same time. Other major cryptos were mostly in the red, with popular memecoins DOGE and SHIB recently falling about 3% and 4%, respectively. TheCoinDesk Market Index, a measure of cypto markets performance, was down 3%.\nMoya wrote that "bitcoin is under pressure as the risk of a U.S. default grows," and the U.S. central bank faces the prospect of continuing its monetary tightening.\n"Bitcoin is going to be very sensitive to surging Treasury yields as too many crypto/blockchain companies will struggle with financing," he wrote. "It is hard enough to find a bank that will deal in cryptos, let alone take out loans for long-term projects."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.8%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.5%", "DACS Sector": "Currency"}]\nMarket Maker Flowdesk Aims for U.S. Expansion\nIt’s tough to find someone that’s bullish on the U.S. crypto market. Some of the most recognizable names in the industry are bearish, citing a lack of regulatory clarity,like Coinbase CEO Brian Armstrong.\nCoinbase has threatened to move offshore if regulatory clarity isn’t established soon. And its sentiment is shared by many – plenty of crypto venture capitalists prefer to invest in places like Singapore.\nBut Guilhem Chaumont, CEO of market maker and liquidity provider Flowdesk, sees things differently.\nIn an interview with CoinDesk, Chaumont says he views the U.S. as a central hub for the crypto market and believes his company can thrive there due to its commitment to compliance and regulatory requirements – as onerous and unclear as they might be – from day one.\nChaumont told CoinDesk that his company had just opened a New York office, which it wants to expand.\nThe sophistication and size of the U.S. capital markets is a worthwhile trade-off for having to deal with its regulatory regime, he argues.\nHe said that there’s an inevitable convergence of crypto and traditional finance (TradFi) regulations, which he views positively. He also notes the potential for a talent bridge between the sectors.\n"Crypto is not going to happen without regulation. And if that means that regulation needs to be TradFi levels, we are on this side, as we prefer to have this than having no regulation basically," he said.\nHong Kong, for example, heavilyemphasized the TradFi experiencewhen it recently released the first draft of its crypto licensure framework.\n“The convergence of these two regulatory frameworks is a positive sign for us. Because it will allow for a massive bridge of talent to come into crypto," Chaumont said.\nIn an ideal world, Chaumont says, there would be purpose-built regulation for crypto, but sometimes a compromise is necessary. After all, the future of crypto trading involves more and more regulated assets.\n“There was a hope, which I shared, that we could reinvent everything from scratch and take the best of both worlds to devise new regulation that is simpler than that of TradFi and lacks its costly complexity,” he said. “What we\'re seeing is that this hope is slowly fading away, and crypto regulation is basically converging with TradFi.”\nWhich, for Flowdesk, isn’t a bad thing.\nThe Future of Money, Governance & The Law (Washington D.C.)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Gross Domestic Product Annualized (Q1)\n7:30 a.m. HKT/SGT(23:30 UTC)Tokyo Consumer Price Index (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nLedger CEO on Key Recovery Rollout Delay; Bitcoin Poised to Post First Losing Month of 2023\nFollowing scrutiny from the crypto community, hardware wallet provider Ledger said it will delay releasing a key recovery feature. Ledger CEO and Chairman Pascal Gauthier joined "First Mover" to discuss why the firm won’t introduce the new feature before releasing the code for it. Separately, Prometheum Inc. founder and co-CEO Aaron Kaplan discussed the SEC-friendly crypto path that the firm has found with the U.S. regulator. And, "The Crypto Trader" author Glen Goodman shared his markets analysis, as bitcoin (BTC) is on track to post its first losing month of 2023.\nCrypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet:Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.\nFantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool:Multichain’s current upgrade is taking longer than expected, causing delays in their transactions.\n0x Releases Latest Version of DEX Aggregator Matcha:The newest iteration is focused on enhancing the trading experience for users.\nAva Labs Launches \'No-Code\' Web3 Launchpad AvaCloud:Ava Labs says that the tool will allow companies to bring Web3 products to market faster, cheaper and with lower risk.\nNon-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners:Miners will be scored based on their use of clean energy and grid impact.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties.\nInsights:In an interview with CoinDesk, Market maker Flowdesk\'s CEO sees opportunity in the U.S.\nCoinDesk Market Index (CMI)\n1,145\n−32.2▼2.7%\nBitcoin (BTC)\n$26,362\n−856.1▼3.1%\nEthereum (ETH)\n$1,805\n−48.8▼2.6%\nS&P 500\n4,115.24\n−30.3▼0.7%\nGold\n$1,961\n−11.3▼0.6%\nNikkei 225\n30,682.68\n−275.1▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,145", "\\u221232.2\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,362", "\\u2212856.1\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,805", "\\u221248.8\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,115.24", "\\u221230.3\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221211.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,682.68", "\\u2212275.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Down Day for Bitcoin\nAs the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days.\nBitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise.\n"Bitcoin remains rangebound and should continue to consolidate near the lower boundaries of its downward sloping trading range, with the $25,000 level providing massive support," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email.\nEther was recently changing hands at about $1,800, down 2.8% from Tuesday at the same time. Other major cryptos were mostly in the red, with popular memecoins DOGE and SHIB recently falling about 3% and 4%, respectively. TheCoinDesk Market Index, a measure of cypto markets performance, was down 3%.\nMoya wrote that "bitcoin is under pressure as the risk of a U.S. default grows," and the U.S. central bank faces the prospect of continuing its monetary tightening.\n"Bitcoin is going to be very sensitive to surging Treasury yields as too many crypto/blockchain companies will struggle with financing," he wrote. "It is hard enough to find a bank that will deal in cryptos, let alone take out loans for long-term projects."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.8%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.5%", "DACS Sector": "Currency"}]\nMarket Maker Flowdesk Aims for U.S. Expansion\nIt’s tough to find someone that’s bullish on the U.S. crypto market. Some of the most recognizable names in the industry are bearish, citing a lack of regulatory clarity,like Coinbase CEO Brian Armstrong.\nCoinbase has threatened to move offshore if regulatory clarity isn’t established soon. And its sentiment is shared by many – plenty of crypto venture capitalists prefer to invest in places like Singapore.\nBut Guilhem Chaumont, CEO of market maker and liquidity provider Flowdesk, sees things differently.\nIn an interview with CoinDesk, Chaumont says he views the U.S. as a central hub for the crypto market and believes his company can thrive there due to its commitment to compliance and regulatory requirements – as onerous and unclear as they might be – from day one.\nChaumont told CoinDesk that his company had just opened a New York office, which it wants to expand.\nThe sophistication and size of the U.S. capital markets is a worthwhile trade-off for having to deal with its regulatory regime, he argues.\nHe said that there’s an inevitable convergence of crypto and traditional finance (TradFi) regulations, which he views positively. He also notes the potential for a talent bridge between the sectors.\n"Crypto is not going to happen without regulation. And if that means that regulation needs to be TradFi levels, we are on this side, as we prefer to have this than having no regulation basically," he said.\nHong Kong, for example, heavilyemphasized the TradFi experiencewhen it recently released the first draft of its crypto licensure framework.\n“The convergence of these two regulatory frameworks is a positive sign for us. Because it will allow for a massive bridge of talent to come into crypto," Chaumont said.\nIn an ideal world, Chaumont says, there would be purpose-built regulation for crypto, but sometimes a compromise is necessary. After all, the future of crypto trading involves more and more regulated assets.\n“There was a hope, which I shared, that we could reinvent everything from scratch and take the best of both worlds to devise new regulation that is simpler than that of TradFi and lacks its costly complexity,” he said. “What we\'re seeing is that this hope is slowly fading away, and crypto regulation is basically converging with TradFi.”\nWhich, for Flowdesk, isn’t a bad thing.\nThe Future of Money, Governance & The Law (Washington D.C.)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Gross Domestic Product Annualized (Q1)\n7:30 a.m. HKT/SGT(23:30 UTC)Tokyo Consumer Price Index (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nLedger CEO on Key Recovery Rollout Delay; Bitcoin Poised to Post First Losing Month of 2023\nFollowing scrutiny from the crypto community, hardware wallet provider Ledger said it will delay releasing a key recovery feature. Ledger CEO and Chairman Pascal Gauthier joined "First Mover" to discuss why the firm won’t introduce the new feature before releasing the code for it. Separately, Prometheum Inc. founder and co-CEO Aaron Kaplan discussed the SEC-friendly crypto path that the firm has found with the U.S. regulator. And, "The Crypto Trader" author Glen Goodman shared his markets analysis, as bitcoin (BTC) is on track to post its first losing month of 2023.\nCrypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet:Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.\nFantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool:Multichain’s current upgrade is taking longer than expected, causing delays in their transactions.\n0x Releases Latest Version of DEX Aggregator Matcha:The newest iteration is focused on enhancing the trading experience for users.\nAva Labs Launches \'No-Code\' Web3 Launchpad AvaCloud:Ava Labs says that the tool will allow companies to bring Web3 products to market faster, cheaper and with lower risk.\nNon-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners:Miners will be scored based on their use of clean energy and grid impact.', "Florida Gov. Ron DeSantis’ presidential announcement came in a very fitting style for a Republican who has won the hearts and minds of the conservative media and influencer classes: on their favorite platform, with their favorite billionaire. DeSantis, who filed paperwork to run for president on Wednesday afternoon, ultimately made the announcement ― delayed for 26 minutes by technical difficulties ― on Wednesday night on Twitter alongside Elon Musk, who is increasingly known as much for interacting with far-right commentators spreading misinformation as he is for revolutionizing commercial space travel and electric cars. The resulting disaster, mocked by his political opponents in both parties , served as a helpful reminder of the risk of DeSantis’ strategy of going all in on an alignment with those commentators, several of whom ― including Musk friend and venture capitalist David Sacks and conservative education activist Christopher Rufo ― spoke during the event, but rarely about the issues at the center of most Americans’ minds. DeSantis’ plan for winning the nomination over the party’s front-runner, former President Donald Trump, involves tempting those same commentators with their favorite red meat issues: attacking transgender rights, the failures of the corporate media, the superiority of Bitcoin, owning the libs, relitigating how DeSantis’ management of COVID was superior to that of other governors — Florida’s 18th-highest per capita death rate in the country be damned — and cracking down on immigration. From that perspective, DeSantis played the hits on Wednesday night. Much of the event was dedicated to celebrating his decision to bypass the “corporate media” and instead promote himself on a platform owned by the world’s second-richest man. The governor attacked Joe Biden as “controlled by the woke mob” and said the president was suffering from the “woke mind virus.” DeSantis said he was protecting children from “sex toys.” The assembled right-wing commentariat loved all of it. Story continues “We need a cool-headed, ruthless assassin to go in and take on our woke government,” Sacks said at one point, praising DeSantis. The problem? As Democrats found during the 2020 presidential contest, what thrills the online chattering classes does not necessarily translate into votes. (In modern political lingo, “online” has come to mean more in touch with the concerns of professional activists than the average voter. It’s a flawed shorthand ― who isn’t online these days? ― but we’re rolling with it.) Biden, 80, is famously offline. While his inner circle’s purported disdain for Twitter has been occasionally overstated — Ron Klain, Biden’s first chief of staff, has sent out nearly 70,000 messages on the platform — it has generally been unafraid to buck the desires of progressive activists who can shape debate on the platform. The Republican Party, shaped by a decades-long conservative movement, is far more ideologically coherent than Democrats are, so it’s less likely that chasing the whims of right-wing influencers will lead a candidate to fall flat in a GOP primary. A focus on culture war topics could, however, easily backfire in the general election. DeSantis only needs to look to his own 2022 reelection campaign, where he smoked former Gov. Charlie Crist by 20 percentage points, to see how winning campaigns don’t usually focus on bashing Disney. A memo from Third Way , a centrist Democratic group, noted DeSantis’ actual campaign advertisements focused on comparatively “normie” issues: keeping schools open during COVID, raising teacher pay, battling crime and combating inflation. GOP gubernatorial candidates in Michigan and Kansas who did run ads about transgender issues lost. The danger for DeSantis, then, is that months of courting the online right could backfire if he heads into a general election against Biden, who is free to spend the next 18 months emphasizing his most popular stances on the most salient issues for a general electorate. “It will be very hard to run the kind of general election campaign he ran in Florida after beating up on Disney and trans kids,” said Lanae Erickson, a senior vice president at Third Way. Another Democratic report , based on focus groups and polling with voters in small cities through the Midwest ― the places where Biden won back just enough white working-class voters to win the presidency in 2020 ― found the GOP’s culture war message, focused on the “woke agenda,” was less effective than a straight-forward economic one. “Our strongest Democratic message on the economy beats the Republican culture war message easily,” Democratic strategist Mike Lux wrote, summarizing the report in February. “The Republican economic message is a bigger threat to us. Our strongest Democratic message on the economy beats the Republican culture war message easily. The Republican economic message is a bigger threat to us.” DeSantis did present some messages on front-and-center issues. He attacked Federal Reserve Chair Jerome Powell’s handling of inflation, which serves to attack both Trump and Biden. (Trump appointed Powell and Biden reappointed.) He also criticized Biden’s handling of the southern U.S. border, a clear weak point for the president in public polling. More broadly, the announcement ― as glitchy as it was ― has clear benefits for both DeSantis and Musk. Musk can flex his clout as a wannabe influencer and the leader of a massive — but declining in mainstream influence and very buggy — social media platform. DeSantis can enter the 2024 presidential race as the candidate best positioned to fight the libs online. It was clear Twitter Spaces was a far-from-ideal launching pad even before the event repeatedly crashed.It’s a rarely used subservice of a platform only 1 in 5 Americans use to begin with, it’s audio-only and famously buggy. While DeSantis released a traditional campaign launch video at the same time, he’s reportedly skipping the traditional hometown rally presidential candidates have launched with for generations. But Twitter Spaces is used by right-wing influencers, and DeSantis has tried to woo a team of surrogates to sing his praises and fight his battles online. In January, DeSantis wined and dined a gaggle of conservative influencers at the governor’s mansion in Tallahassee. Afterward, Dave Rubin, a TV host and YouTuber who had just moved from California to Florida, tweeted to his million Twitter followers: “I’m no longer an enemy of the state … Florida is the future.” DeSantis’ Twitter launch boosts his online cred as well as spares him from things he famously doesn’t like to do, like speaking with a live journalist (Trump’s campaign swiped after news of the launch leaked that it saves DeSantis from having to do much interacting with anyone ). Plus, he’ll have an established audience of blue checks ready to watch and comment, courtesy of Musk. The symbolism of DeSantis using Twitter as the vehicle for his launch isn’t lost on anyone. The site used to be synonymous with Trump, whose own followers eventually started to find his tirades exhausting and reckless. The site booted him after he used it to help egg on the Jan. 6, 2021, riot at the Capitol. Trump has since launched his own social media site, Truth Social, a near rip-off of Twitter where Trump’s shares “truths” instead of tweets to a vastly smaller audience. Musk has invited Trump back to Twitter, but it’s not clear when the invitation will be accepted, if ever. Related... 'Melting The Servers!' DeSantis Tried To Launch His Campaign On Twitter. It Did Not Go Well. Biden Capitalizes on DeSantis' Glitchy Presidential Announcement Ron DeSantis Finally Makes His 2024 Presidential Campaign Official", "Florida Gov. Ron DeSantis’ presidential announcement came in a very fitting style for a Republican who has won the hearts and minds of the conservative media and influencer classes: on their favorite platform, with their favorite billionaire. DeSantis, who filed paperwork to run for president on Wednesday afternoon, ultimately made the announcement ― delayed for 26 minutes by technical difficulties ― on Wednesday night on Twitter alongside Elon Musk, who is increasingly known as much for interacting with far-right commentators spreading misinformation as he is for revolutionizing commercial space travel and electric cars. The resulting disaster, mocked by his political opponents in both parties , served as a helpful reminder of the risk of DeSantis’ strategy of going all in on an alignment with those commentators, several of whom ― including Musk friend and venture capitalist David Sacks and conservative education activist Christopher Rufo ― spoke during the event, but rarely about the issues at the center of most Americans’ minds. DeSantis’ plan for winning the nomination over the party’s front-runner, former President Donald Trump, involves tempting those same commentators with their favorite red meat issues: attacking transgender rights, the failures of the corporate media, the superiority of Bitcoin, owning the libs, relitigating how DeSantis’ management of COVID was superior to that of other governors — Florida’s 18th-highest per capita death rate in the country be damned — and cracking down on immigration. From that perspective, DeSantis played the hits on Wednesday night. Much of the event was dedicated to celebrating his decision to bypass the “corporate media” and instead promote himself on a platform owned by the world’s second-richest man. The governor attacked Joe Biden as “controlled by the woke mob” and said the president was suffering from the “woke mind virus.” DeSantis said he was protecting children from “sex toys.” The assembled right-wing commentariat loved all of it. Story continues “We need a cool-headed, ruthless assassin to go in and take on our woke government,” Sacks said at one point, praising DeSantis. The problem? As Democrats found during the 2020 presidential contest, what thrills the online chattering classes does not necessarily translate into votes. (In modern political lingo, “online” has come to mean more in touch with the concerns of professional activists than the average voter. It’s a flawed shorthand ― who isn’t online these days? ― but we’re rolling with it.) Biden, 80, is famously offline. While his inner circle’s purported disdain for Twitter has been occasionally overstated — Ron Klain, Biden’s first chief of staff, has sent out nearly 70,000 messages on the platform — it has generally been unafraid to buck the desires of progressive activists who can shape debate on the platform. The Republican Party, shaped by a decades-long conservative movement, is far more ideologically coherent than Democrats are, so it’s less likely that chasing the whims of right-wing influencers will lead a candidate to fall flat in a GOP primary. A focus on culture war topics could, however, easily backfire in the general election. DeSantis only needs to look to his own 2022 reelection campaign, where he smoked former Gov. Charlie Crist by 20 percentage points, to see how winning campaigns don’t usually focus on bashing Disney. A memo from Third Way , a centrist Democratic group, noted DeSantis’ actual campaign advertisements focused on comparatively “normie” issues: keeping schools open during COVID, raising teacher pay, battling crime and combating inflation. GOP gubernatorial candidates in Michigan and Kansas who did run ads about transgender issues lost. The danger for DeSantis, then, is that months of courting the online right could backfire if he heads into a general election against Biden, who is free to spend the next 18 months emphasizing his most popular stances on the most salient issues for a general electorate. “It will be very hard to run the kind of general election campaign he ran in Florida after beating up on Disney and trans kids,” said Lanae Erickson, a senior vice president at Third Way. Another Democratic report , based on focus groups and polling with voters in small cities through the Midwest ― the places where Biden won back just enough white working-class voters to win the presidency in 2020 ― found the GOP’s culture war message, focused on the “woke agenda,” was less effective than a straight-forward economic one. “Our strongest Democratic message on the economy beats the Republican culture war message easily,” Democratic strategist Mike Lux wrote, summarizing the report in February. “The Republican economic message is a bigger threat to us. Our strongest Democratic message on the economy beats the Republican culture war message easily. The Republican economic message is a bigger threat to us.” DeSantis did present some messages on front-and-center issues. He attacked Federal Reserve Chair Jerome Powell’s handling of inflation, which serves to attack both Trump and Biden. (Trump appointed Powell and Biden reappointed.) He also criticized Biden’s handling of the southern U.S. border, a clear weak point for the president in public polling. More broadly, the announcement ― as glitchy as it was ― has clear benefits for both DeSantis and Musk. Musk can flex his clout as a wannabe influencer and the leader of a massive — but declining in mainstream influence and very buggy — social media platform. DeSantis can enter the 2024 presidential race as the candidate best positioned to fight the libs online. It was clear Twitter Spaces was a far-from-ideal launching pad even before the event repeatedly crashed.It’s a rarely used subservice of a platform only 1 in 5 Americans use to begin with, it’s audio-only and famously buggy. While DeSantis released a traditional campaign launch video at the same time, he’s reportedly skipping the traditional hometown rally presidential candidates have launched with for generations. But Twitter Spaces is used by right-wing influencers, and DeSantis has tried to woo a team of surrogates to sing his praises and fight his battles online. In January, DeSantis wined and dined a gaggle of conservative influencers at the governor’s mansion in Tallahassee. Afterward, Dave Rubin, a TV host and YouTuber who had just moved from California to Florida, tweeted to his million Twitter followers: “I’m no longer an enemy of the state … Florida is the future.” DeSantis’ Twitter launch boosts his online cred as well as spares him from things he famously doesn’t like to do, like speaking with a live journalist (Trump’s campaign swiped after news of the launch leaked that it saves DeSantis from having to do much interacting with anyone ). Plus, he’ll have an established audience of blue checks ready to watch and comment, courtesy of Musk. The symbolism of DeSantis using Twitter as the vehicle for his launch isn’t lost on anyone. The site used to be synonymous with Trump, whose own followers eventually started to find his tirades exhausting and reckless. The site booted him after he used it to help egg on the Jan. 6, 2021, riot at the Capitol. Trump has since launched his own social media site, Truth Social, a near rip-off of Twitter where Trump’s shares “truths” instead of tweets to a vastly smaller audience. Musk has invited Trump back to Twitter, but it’s not clear when the invitation will be accepted, if ever. Related... 'Melting The Servers!' DeSantis Tried To Launch His Campaign On Twitter. It Did Not Go Well. Biden Capitalizes on DeSantis' Glitchy Presidential Announcement Ron DeSantis Finally Makes His 2024 Presidential Campaign Official", "Multi-chain NFT marketplace Magic Eden is putting more focus on its original home on Solana , and today the firm announced a “Chapter II” initiative that will see Magic Eden further open its platform in various ways—and even give traders free SOL for buying and selling NFTs. Magic Eden has started aggregating listings from competing marketplaces, giving traders a single destination to manage listings across platforms and see prices and listings across the entire Solana NFT market. T he startup—which was valued at $1.6 billion as of June 2022—said that it will also open-source its marketplace smart contract in the coming days. Furthermore, the company will also remove a “co-sign” feature that prevented its own marketplace listings from being easily aggregated by other NFT marketplaces. 2/ On aggregation: Users can now see & buy listings across marketplaces on Magic Eden. On Magic Eden, it's now easier than ever to ✅ Manage and update ALL your listings ✅ See true, up-to-date floor price & collection stats More on aggregation here: https://t.co/o3wVSU9a8i pic.twitter.com/RXQrh2puja — Magic Eden 🪄 (@MagicEden) May 24, 2023 These moves address long-standing criticisms of Magic Eden, which has consistently been the leading Solana NFT marketplace since launching in late 2021. Rival platforms and other Solana builders have taken Magic Eden to task for using closed-source code and for limiting composability opportunities across platforms. However, it’s still unclear whether Magic Eden will still use an escrow contract that takes custody of users’ listed NFTs—a leading critique of Magic Eden’s marketplace model that has previously been called out by rivals as a potential security threat. Decrypt asked a Magic Eden representative for clarification, but did not immediately hear back. As part of the relaunch, Magic Eden will temporarily change its “maker fee” to -0.25% for certain types of transactions. In other words, Magic Eden will pay you to buy and sell NFTs. If you list an NFT for 100 SOL, Magic Eden wrote as an example, then you’d ultimately get 100.25 SOL if it sells. Similarly, if you make a collection offer on a certain Solana NFT project and it’s fulfilled, then you’ll effectively get a 0.25% rebate on the purchase price. Users can also earn fees for operating automated market maker (AMM) NFT trading pools on Magic Eden. Story continues Tensor Snatched Magic Eden’s Solana NFT Crown. But for How Long? Magic Eden’s moves come amid the rise of a surging rival called Tensor , which has taken a leading share of Solana NFT market share at certain points over the last few weeks. Tensor offers a rewards model akin to Blur, the leading Ethereum NFT marketplace. Market data from Tiexo shows Magic Eden with a lead over the last week, with nearly 44% of trading volume compared to about 40% for Tensor. Over the past day, however, Magic Eden takes a heavier share at 51% of the Solana NFT market compared to about 35% for Tensor. Amid the market shake-up, Tensor developers criticized Magic Eden for its co-sign requirement, renewing arguments that some rivals made last year when Magic Eden was dominant. Although Magic Eden expanded to other chains like Ethereum , Polygon , and Bitcoin over the past several months, the firm said recently that it would return its primary focus to Solana . View comments", 'Multi-chainNFTmarketplaceMagic Edenis putting more focus on its original home onSolana, and today the firm announced a“Chapter II” initiativethat will see Magic Eden further open its platform in various ways—and even give traders free SOL for buying and selling NFTs.\nMagic Eden has started aggregating listings from competing marketplaces, giving traders a single destination to manage listings across platforms and see prices and listings across the entire Solana NFT market. The startup—which wasvalued at $1.6 billionas of June 2022—said that it will also open-source its marketplace smart contract in the coming days.\nFurthermore, the company will also remove a “co-sign” feature that prevented its own marketplace listings from being easily aggregated by other NFT marketplaces.\nThese movesaddress long-standing criticismsof Magic Eden, which has consistently been the leading Solana NFT marketplace since launching in late 2021. Rival platforms and other Solana builders have taken Magic Eden to task forusing closed-source codeand for limiting composability opportunities across platforms.\nHowever, it’s still unclear whether Magic Eden will still use an escrow contract that takes custody of users’ listed NFTs—a leading critique of Magic Eden’s marketplace model that has previously been called out by rivals as a potential security threat.Decryptasked a Magic Eden representative for clarification, but did not immediately hear back.\nAs part of the relaunch, Magic Eden will temporarily change its “maker fee” to -0.25% for certain types of transactions. In other words, Magic Eden will pay you to buy and sell NFTs.\nIf you list an NFT for 100 SOL, Magic Eden wrote as an example, then you’d ultimately get 100.25 SOL if it sells. Similarly, if you make a collection offer on a certain Solana NFT project and it’s fulfilled, then you’ll effectively get a 0.25% rebate on the purchase price. Users can also earn fees for operating automated market maker (AMM) NFT trading pools on Magic Eden.\nTensor Snatched Magic Eden’s Solana NFT Crown. But for How Long?\nMagic Eden’s moves come amid the rise ofa surging rival called Tensor, which has taken a leading share of Solana NFT market share at certain points over the last few weeks. Tensoroffers a rewards modelakin to Blur, the leadingEthereumNFT marketplace.\nMarket data fromTiexoshows Magic Eden with a lead over the last week, with nearly 44% of trading volume compared to about 40% for Tensor. Over the past day, however, Magic Eden takes a heavier share at 51% of the Solana NFT market compared to about 35% for Tensor.\nAmid the market shake-up, Tensor developers criticized Magic Eden for its co-sign requirement, renewing arguments that some rivals made last year when Magic Eden was dominant. Although Magic Eden expanded to other chains likeEthereum,Polygon, andBitcoinover the past several months, the firm said recently that it wouldreturn its primary focus to Solana.', "Elon Musk’s heart-to-heart with Republican presidential nominee and Florida Governor Ron DeSantis culminated with a focus on digital assets—touching on Bitcoin and the digital dollar, with a Dogecoin reference thrown in for good measure. The conversation between Musk and DeSantis, which was moderated by entrepreneur David Sacks, didn’t achieve liftoff until more than thirty minutes after its scheduled start time, with hundreds of thousands of Twitter users finding their apps crashing and the audio stream glitching. But the chat eventually got underway, and toward the talk’s tail end, DeSantis leaned into his position as an advocate of crypto’s largest coin. The Florida governor portrayed his support of Bitcoin as a matter of civil liberties, and attempts to restrict crypto by his opponents as government overreach. “You have every right to do Bitcoin,” DeSantis said. “The only reason these people in Washington don’t like it is because they don’t control it.” Ron DeSantis Twitter Spaces Event Experiences 'Rapid Unscheduled Disassembly' As the 2024 election season gets underway, DeSantis’ remarks mirror those of Democratic presidential candidate Robert F. Kennedy Jr, who heralded Bitcoin last week as an example of democracy and anathema to authoritarians. On Wednesday, DeSantis touched on the uptick in regulatory enforcement actions that the digital assets industry has confronted so far this year, accusing the government of trying to purge digital assets to preserve the reign of those in power. “Bitcoin represents a threat to them,” DeSantis said. “They’re trying to regulate it out of existence.” DeSantis pledged that if Congress ever tried to institute a ban on “things like Bitcoin” by passing new legislation, that he would vehemently oppose it. He also said that the current administration could snuff out Bitcoin if Biden is reelected. “The current regime, clearly, they have it out for Bitcoin,” DeSantis said. “And if it continues for another four years, they’ll probably end up killing it.” Story continues Addressing the political conversation’s shift toward a focus on crypto, David Sacks noted there’s a big crypto audience on Twitter. Musk interjected to say there’s one for “Dogecoin too.” DeSantis has incorporated remarks against central bank digital currency into his platform over time, echoing statements made by representatives like Tom Emmer and pursuing a ban against government-backed cryptocurrencies in Florida. Robert F. Kennedy Jr. Wades Further Into Crypto Following Anti-CBDC Remarks Central bank digital currencies (CBDC) are similar to assets like stablecoins that are pegged to the price of a sovereign currency like the greenback. But instead of being issued by private companies on public networks, they are managed by their respective governments or central banks. In the case of the Federal Reserve, Chairman Jerome Powell has said a CBDC would “ ideally ” receive written approval from Congress. But DeSantis said there’s no wiggle room in terms of that, and it won’t happen on his watch. “You must get authorization from Congress,” DeSantis said of a CBDC. “I can tell you, if I’m president, we are not doing a central bank digital currency.” DeSantis underscored his message that a CBDC could be used to curtail purchases deemed politically unfavorable in the eyes of those who control the tech, possibly pushing environmental issues or preventing firearm sales. “I see it as a massive transfer of power from individual consumers to a central authority, and I don’t think that’s good for a free society,” he said. “I’m a ‘no’ on [a] central bank digital currency.”", "Elon Musk’s heart-to-heart with Republican presidential nominee and Florida Governor Ron DeSantis culminated with a focus on digital assets—touching on Bitcoin and the digital dollar, with a Dogecoin reference thrown in for good measure. The conversation between Musk and DeSantis, which was moderated by entrepreneur David Sacks, didn’t achieve liftoff until more than thirty minutes after its scheduled start time, with hundreds of thousands of Twitter users finding their apps crashing and the audio stream glitching. But the chat eventually got underway, and toward the talk’s tail end, DeSantis leaned into his position as an advocate of crypto’s largest coin. The Florida governor portrayed his support of Bitcoin as a matter of civil liberties, and attempts to restrict crypto by his opponents as government overreach. “You have every right to do Bitcoin,” DeSantis said. “The only reason these people in Washington don’t like it is because they don’t control it.” Ron DeSantis Twitter Spaces Event Experiences 'Rapid Unscheduled Disassembly' As the 2024 election season gets underway, DeSantis’ remarks mirror those of Democratic presidential candidate Robert F. Kennedy Jr, who heralded Bitcoin last week as an example of democracy and anathema to authoritarians. On Wednesday, DeSantis touched on the uptick in regulatory enforcement actions that the digital assets industry has confronted so far this year, accusing the government of trying to purge digital assets to preserve the reign of those in power. “Bitcoin represents a threat to them,” DeSantis said. “They’re trying to regulate it out of existence.” DeSantis pledged that if Congress ever tried to institute a ban on “things like Bitcoin” by passing new legislation, that he would vehemently oppose it. He also said that the current administration could snuff out Bitcoin if Biden is reelected. “The current regime, clearly, they have it out for Bitcoin,” DeSantis said. “And if it continues for another four years, they’ll probably end up killing it.” Story continues Addressing the political conversation’s shift toward a focus on crypto, David Sacks noted there’s a big crypto audience on Twitter. Musk interjected to say there’s one for “Dogecoin too.” DeSantis has incorporated remarks against central bank digital currency into his platform over time, echoing statements made by representatives like Tom Emmer and pursuing a ban against government-backed cryptocurrencies in Florida. Robert F. Kennedy Jr. Wades Further Into Cr Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $508,952,067,181 - Hash Rate: 371932494.8664721 - Transaction Count: 460167.0 - Unique Addresses: 689359.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Argo Blockchain (ARB), the only U.K.-listed cryptocurrency miner, slumped to a full-year loss in 2022 as the price of bitcoin (BTC) dropped and mining difficulty increased, driving up costs as revenue fell. The London-based companyreported a net lossof 194.2 million British pounds (US$240 million), or 40.98 pence a share, compared with net income of 30.8 million pounds, or 7.4 pence, the year before, it said in a statement. The bitcoin price slumped more than 60% last year. Miners across the board struggled in 2022 as revenue declined alongside the bitcoin price while energy costs soared and the difficulty of mining a bitcoin block, which is when they are rewarded,soared. While rivals such asCore ScientificandCompute Northfiled for bankruptcy protection, Argo avoided the same fate byagreeing to sell its Helios miningfacility in Dickens Country, Texas, to Galaxy Digital for $65 million. It also negotiated a new $35 million loan from investor Michael Novogratz’s crypto-focused financial-services firm, secured by its mining equipment. Argo's mining margin widened to 45%-50% in the first quarter from 35% in the fourth quarter, while daily bitcoin production rose 5%. Argo said it will now focus on its operations in Quebec, Canada, where it operates two sites totaling 20 megawatts (MW) of power, according to itswebsite. "Having navigated challenging market conditions in both the crypto sector and the global economy in the second half of 2022, Argo has emerged stronger and in a much more solid financial position," interim CEO Seif El-Bakly said in the statement. Peter Wallresignedas CEO almost three months ago. The flagship Helios site didn't have a fixed-rate power agreement, which meant costs rose sharply amid the2022 energy crisis. Argo tried toraise fundsto avoid bankruptcy, then eventually decided to sell the site, which has the potential ofreaching 800 MWof power consumption. The firm ended the year with 2.5 exahash/second of computing power, slightly less than the3.2 EH/s it foresawin August 2022. Argo isone of a handful of companiesthat agreed to buy chipmaking giant Intel's (INTC) bitcoin mining application-specific integrated circuits (ASIC) in February 2022. It isdesigned a mining rig using those chips along with hardware maker ePIC Blockchain. Intel last week said it isdiscontinuingthe product line while ePIC Blockchain is promoting the Intel-based machines on its website to other customers. Argo said it expects to receive 2,870 units of the Intel-based chips early in the third quarter. Shares of the company fell 5% as of mid-morning on the London Stock Exchange. UPDATE (April 28, 9:51 UTC):Adds mining industry background in third paragraph, first-quarter information in fourth, details about Helios, ePIC Blockchain collaboration, Quebec sites.... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] - Thursday, May 25, 2023', 28, '2023-05-25 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/', '13r7acs', [['u/anon-187101', 21, '2023-05-25 07:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jlj2mdo/', '"Crazy stat: $NVDA\'s post-market gain > nearly all of the revenue its generated since the company\'s inception."\n\nHuh, what FOMO?', '13r7acs'], ['u/btcluvr', 27, '2023-05-25 09:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jljabzn/', "it's a no-brainer actually.\n\nno default, debt limit lifted (99% chance) = print baby print, more debt, more trust erosion.\n\ndefault (1% chance) = all fed networks go to shambles, trust is broken once and for all, all rating agencies, hedge funds, bonds, treasuries and j-pow on top.\n\naccumulate more, these are great times.", '13r7acs'], ['u/ChadRun04', 16, '2023-05-25 09:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jljdexp/', '> 99% chance\n\nLow-balling it.\n\n99.9998% at least.', '13r7acs'], ['u/_supert_', 10, '2023-05-25 10:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jljhe5j/', 'Motherfucker. I was looking at getting some because both the AI push and should benefit from a crypto spring. But it looked so rich... :(', '13r7acs'], ['u/therein', 17, '2023-05-25 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jllaldn/', 'We rotate today it seems. Wonderful.\n\nHere is a nice article from May 9: https://blog.bitmex.com/the-denominator/#', '13r7acs'], ['u/spinbarkit', 10, '2023-05-25 20:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jlllzt4/', 'dude this is golden', '13r7acs']]], ['u/rBitcoinMod', 'Daily Discussion, May 25, 2023', 25, '2023-05-25 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13qd45m/daily_discussion_may_24_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/', '13r9iji', [['u/iamjustaguy', 26, '2023-05-25 15:33', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlk96yp/', 'I\'ve noticed increased simping for politicians here on this subreddit. Please, stop. \n\nI\'m old enough to remember how a politician once said he was pro union, and the air traffic controllers endorsed him for president. After he took office, the air traffic controllers went on strike. The "pro union" president promptly fired them.\n\nSo, these politicians see how passionate bitcoiners are, so they announce their support for it. When the banksters, owners, and corporate overlords put the pressure on politicians after the election is over, don\'t forget what happened to the air traffic controllers in 1981.\n\nThere are many more examples, both Democrat and Republican.\n\nDON\'T TRUST POLITICIANS! (verify by looking at their track record with a critical mind)', '13r9iji'], ['u/paperraincoat', 11, '2023-05-25 16:17', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlkfjdq/', "Capitalist Democrats are effective enablers of Capitalist Republicans. It's like growing up being beaten by one parent and thinking the other parent is good, it often takes a long time to realize they're both terrible. \n\n\nLikewise, each party would rather let the other side win than support a non-Capitalist Democrat like Bernie. This was what finally convinced me that both parties truly are two sides of the oligarchy coin. There are real differences on lower-level issues to be sure, but when it comes to money, and stealing (printing) it, their fundamentals are the same.", '13r9iji'], ['u/hateschoolfml', 10, '2023-05-25 17:27', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlkq8nz/', 'Fiat was concocted in backrooms, imposed on all.\n\nBitcoin was built in public, imposed on none.\n\nhttps://twitter.com/anilsaidso/status/1661588756892389376?s=46&t=ihVglVXC0BQSbw6j57EoaA', '13r9iji'], ['u/Umpire_State_Bldg', 13, '2023-05-25 17:43', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlksr3r/', 'Bitcoin rewards smart, honest, hard-working people.\n\nFiat currency punishes smart, honest, hard-working people.\n\nFiat currency rewards stupidity and dishonesty. Fiat currency gives false hope to the lazy.', '13r9iji']]], ['u/Ok-Implement-4370', 'Calling out CSW/CA/KW/SM', 15, '2023-05-25 08:57', 'https://www.reddit.com/r/bsv/comments/13rafos/calling_out_cswcakwsm/', "For those of you who do not know me, my family did well on BTC with Coins acquired atleast ten years ago. 300 BTC that was cashed out is my rough budget I can set aside for this project.\n\nSo to help AVP in his Quest for Evidence in one of his recent posts, I am offering to purchase 500,000 BSV at the market rate at the time the evidence is verified.\nhttps://twitter.com/Arthur_van_Pelt/status/1660919603495567362?t=8-qAv7c8ytwqK6giqsqKuA&s=19\n\nI see this as two outcomes.\nIf CSW/CA/KW/SM want credibility, which at this point is zero then they can view this in two outcomes as well.\n\nIt allows those who foolishly 'invested' into BSV and wish to get out with a minimal loss to sell, I will prioritise their Coins over TAAL purchases etc for this huge order and pay above the current market rate for those who wish to sell and recover some of their losses. I will give 250,000 of these BSV Coins to whoever presents verifiable evidence first. As the price plummets for BSV, it means I spend less and the 'winner' gets a smaller jackpot.\n\nObviously, once the evidence is verified, the value of the coins will skyrocket on news that Craig is not a total pathological lying, thieving, delusional narcissist living a fantasy world of Grandeur ensuring the Evidence provider gets a massive injection of BSV.\n\nWhether anyone wants to buy that BSV from the winner is dependent on the market but we all know what the market adoption has been like so far...\nMaybe this is not actually a prize if you cannot exchange it for anything 😂\n\nPrize cannot be provided as Cash or BTC or any other reputable Shitcoin 👍\n\nYour call BSV lovers. Ask Daddy Calvin, Sugar Baby Craig, creepy Uncle Stephen or Kurt the sock under the bed to cough up some REAL Evidence.\n\nSomehow I can guarantee it will be Soon™ or with a Bonded Courier, stomped on the evidence, Dog ate my homework, Cat shat in my Hat or the Hong Kong Safety Box got raided by S.H.E.I.L.D to protect the world(I should Copyright that one but we all know CSW will plagiarise it anyway)", 'https://www.reddit.com/r/bsv/comments/13rafos/calling_out_cswcakwsm/', '13rafos', [['u/anonymouscitizen2', 16, '2023-05-25 11:31', 'https://www.reddit.com/r/bsv/comments/13rafos/calling_out_cswcakwsm/jljkfbv/', 'I visited Craigs 30000 acre property in Australia in 07-2008 and saw an idling laptop computer on-top of an intro to C++ textbook. Also can affirm his 3rd cousin thinks he’s good at computer stuff and he believed craig made bitcoin ( he’s dead now, passed in 06) I will testify to this in an Antiguan court of law. \n\ncontact me for my payment details, thx.', '13rafos']]], ['u/B1gg_R3dd', 'Is this the last time to “get in early”?', 32, '2023-05-25 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/', 'I hear people saying to newcomers that we are all still very very early as far as crypto is concerned. My fear is that I haven’t had enough time to build my portfolio to really have anything worthwhile in this next bull market. I will keep dca in to btc and eth and looking in to other projects regardless, but I don’t feel like I’ll be obtaining financial freedom anytime soon. As we move closer to this next Bitcoin halving, and what I assume to be a potential bull market on the horizon, could this be the last time to truly be an early bird in the crypto space? Mining doesn’t seem like a viable option anymore unless you spend a lot of money and have low electricity costs, so the only way for me to invest is by continuing to work my job and use fiat for everything. Maybe this is just the FOMO talking, but I can’t help but feel like I should sell all my shit to just throw in to Bitcoin and alt coins right now.', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/', '13rag8n', [['u/jooro_a', 49, '2023-05-25 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jlj9k7b/', "It's the last time this month", '13rag8n'], ['u/Qptimised', 17, '2023-05-25 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jlj9x0h/', 'Just keep DCA like you are doing. FOMO is the enemy of gains.', '13rag8n'], ['u/EdgeLord19941', 111, '2023-05-25 09:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljcigx/', 'A crypto bro is never late, nor is he early\n\nHe loses money precisely when he means to', '13rag8n'], ['u/B1gg_R3dd', 13, '2023-05-25 09:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljd6gq/', 'Even the smallest hodler can change the course of the market', '13rag8n'], ['u/coqahoney', 41, '2023-05-25 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljd7r8/', "Last chance to buy ETH under $1800 in May.\n\nYou'll get it for $1500 in June but don't focus on that part.", '13rag8n'], ['u/coqahoney', 14, '2023-05-25 09:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljddmx/', "> You're too late to turn $100 into $100,000. \n\nBut you'd be surprised how easily people can do the reverse.", '13rag8n'], ['u/kirtash93', 10, '2023-05-25 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljge8f/', 'Bottom is already in. See you next winter pals!\n\nI hope we all meet in Bali before then! 🥂', '13rag8n'], ['u/GodCunt', 14, '2023-05-25 11:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljkrq0/', 'DCA you fools', '13rag8n']]], ['u/Keythb', 'Founder of crypto exchange BTC-e eyes prisoner swap with WSJ journalist', 10, '2023-05-25 09:02', 'https://www.reddit.com/r/mtgoxinsolvency/comments/13raixk/founder_of_crypto_exchange_btce_eyes_prisoner/', 'Alexander Vinnik is hoping he can go back to Russia in a prisoner swap', 'https://protos.com/founder-of-crypto-exchange-btc-e-eyes-prisoner-swap-with-wsj-journalist/', '13raixk', [['u/Keythb', 12, '2023-05-25 09:54', 'https://www.reddit.com/r/mtgoxinsolvency/comments/13raixk/founder_of_crypto_exchange_btce_eyes_prisoner/jljdjbd/', 'The odds are it is gone forever, but some people believe he was either behind the MTGOX hack or at least laundered the coins - He is currently facing 21 felony counts in the USA (it took years to extradite)- if he is holding anything he might try to make a deal (unless he is traded in a prisoner swap) - does no one here understand who he is?', '13raixk'], ['u/Schlammblut', 17, '2023-05-25 10:28', 'https://www.reddit.com/r/mtgoxinsolvency/comments/13raixk/founder_of_crypto_exchange_btce_eyes_prisoner/jljfylr/', 'Yes, this is relevant for the Mt. Gox case.', '13raixk']]], ['u/Matth3w_95', 'The cognitive biases of the crypto investor', 40, '2023-05-25 09:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/', ' \n\nAs a psychologist, I\'m really interested in how people think and make decisions. The human brain is a fantastic machine, but its resources are limited. That\'s why we often make choices based on biases and heuristics that help us save time. These tendencies though can lead to suboptimal outcomes when investing, especially in a highly volatile market like crypto. \n\n1. Confirmation Bias: Also called "cherry-picking effect" refers to the tendency to only look for news and information that confirms what you already believe. "I want to go all in with Bitcoin, so I\'ll only read Arthur Hayes\' analysis and nothing else."\n2. Sunk Cost Fallacy: Given that you have already spent much time and money on a project, you keep doing that hoping it will recover, even though the chances are pretty low. (I think valid examples for many of us can be XRP or LUNA). This mixes with Loss Aversion, a well-described tendency to react more emotionally to losses than to wins. \n3. The bandwagon effect: basically coping others without thinking for yourself. "I\'ll invest in whatever this youtube guy is shilling because everyone is doing that and I won\'t be left out". \n4. Anchoring Bias: you anchor your expectations about a project\'s future value based on its initial price or the specific price you opted in. \n5. Overconfidence Bias: you overvalue your chances despite every rational statistic. This can lead to excessive risk-taking, ignoring potential risks and flaws in your strategies: "90% of traders lose money, but I\'m a big brain dude that will absolutely beat the market" \n6. Availability Heuristic: basically basing your decisions on the most recent news that comes to your mind, without considering important past information. "Many people just made a ton of money with meme-coins, let\'s sell my car to invest in MARSU".\n\nEven though I\'ve studied these effects, I\'m the first that sometimes falls for them, but I think that being conscious of these biases can help us make more rational decisions more often, and they also have cool names to learn. What mistakes have you made because of similar heuristics?', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/', '13rardr', [['u/Beyonderr', 25, '2023-05-25 09:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/jljb34g/', 'As an educational psychologist who does research on some of these effects: Love the post! I think there\'s a ton of\n\n* sunk cost fallacy - that\'s why people keep bag holding to $0\n* availability heuristic - that\'s why people are so scared when the chart is red but so euphoric when the chart is green\n\nI also think there\'s a lot of "Dunning–Kruger effect" where people without knowledge or skills believe they can do and know more than they actually can.', '13rardr'], ['u/Matth3w_95', 11, '2023-05-25 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/jljd93p/', 'Thank you for reading! I agree with you, nowadays everyone calls himself an expert. While true experts are the ones that are always doubtful and keen to learn something new.', '13rardr']]], ['u/Yournewbestfriend_01', 'List of few scams which have happened in India since 2014', 242, '2023-05-25 10:52', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/', 'I made a compilation of scams which have happened in India since 2014 and here it goes -\n\nADANI AIRPORT SCAM (KERALA) - https://www.business-standard.com/article/news-ians/kerala-cm-alleges-scam-in-airport-tendering-119022501291_1.html\n\nADVERTISEMENT SCAM (MADHYA PRADESH) - https://www.patrika.com/bhopal-news/advertisement-scam-1292513/\n\nASSAM CIVIL SERVICE EXAM SCAM - https://thelogicalindian.com/news/bjp-daughter-civil-exam-scam/\n\nADANI LAND SCAM (GUJARAT) - http://www.dnaindia.com/india/report-gujarat-state-government-gifts-adani-group-land-in-kutch-for-peanuts-1656997\n\nADCB SCAM - https://economictimes.indiatimes.com/industry/banking/finance/banking/ahmedabad-district-cooperative-bank-collected-highest-amount-of-banned-notes-among-dccbs-rti-reply/articleshow/64680892.cms\n\nBUNDELKHAND PACKAGE SCAM (MADHYA PRADESH) - https://timesofindia.indiatimes.com/city/bhopal/200-government-officials-to-be-probed-on-graft-charges/articleshow/63460144.cms\n\nBUDGET SCAM (CHHATTISGARH) - https://www.moneycontrol.com/news/politics/chhattisgarh-didnt-spend-25-of-budget-allocations-in-2016-17-cag-report-2947841.html\n\nBAJRI SCAM (RAJASTHAN) - https://www.indiatoday.in/india/story/rajasthan-congress-slams-raje-government-for-bajri-price-hike-says-illegal-market-operating-1170553-2018-02-16\n\nBHAMASHAH HEALTH INSURANCE SCAM (RAJASTHAN) - https://www.financialexpress.com/opinion/bhamashah-lessons-for-centres-national-health-protection-scheme/1144546/?utm_source=whatsapp&utm_medium=social&utm_campaign=WhatsappShare\n\nBITCOIN SCAM - https://thewire.in/business/gujarat-bitcoin-scam-fraud-demonetisation-cryptocurrency\n\nBUILDING SCAM (GOA) - https://www.business-standard.com/article/pti-stories/hc-notice-to-goa-govt-in-building-case-116020100615_1.html\n\nCAYMAN ISLANDS FDI SCAM - https://economictimes.indiatimes.com/news/politics-and-nation/congress-alleges-ajit-dovals-son-started-cayman-islands-hedge-fund-days-after-demonetisation/articleshow/67575681.cms\n\nCHIT-FUND SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/congress-stages-walkout-in-chhattisgarh-house-over-fraud-by-chit-fund-companies/\n\nCLOSURE OF GOVT SCHOOLS (RAJASTHAN) - https://www.dailyo.in/politics/how-rajasthan-government-is-throwing-children-out-of-school/story/1/822.html\n\nCHOPPER SCAM (CHHATTISGARH) - https://www.thewire.in/law/chopper-scam-chhattisgarh-raman-singh\n\n\n\nCITURGIA SCAM (UTTARAKHAND) - https://timesofindia.indiatimes.com/india/Land-scams-rock-Uttarakhand/articleshow/6097662.cms\n\nCHIKKI SCAM (MAHARASHTRA) - https://www.news18.com/news/politics/rs-206-crore-chikki-scam-hits-maharashtra-government-bjp-mp-pankaja-munde-under-scanner-1011152.html\n\nDAL SCAM (GUJARAT AND MAHARASTHRA) - https://www.business-standard.com/article/pti-stories/pulses-crisis-is-a-man-made-scam-of-rs-2-5-lakh-crore-cong-116072901446_1.html\n\nDEFENCE EXPO SCAM (GOA) - http://www.rediff.com/news/report/defence-news-parrikar-in-new-controversy-this-time-over-land-in-goa/20151123.htm\n\nDMAT SCAM - https://timesofindia.indiatimes.com/india/MP-DMAT-scam-bigger-than-Vyapam-CBI-tells-Supreme-Court/articleshow/48461145.cmshttps://timesofindia.indiatimes.com/city/bhopal/DMAT-scam-Six-member-gang-busted-two-arrested/articleshow/23385361.cms\n\nDEMONETISATION - http://www.catchnews.com/india-news/bjp-bought-land-worth-crores-just-before-note-ban-1480019920.html%20https://thewire.in/politics/bjp-demonetisation-buys-land-worth-crores\n\nE-TENDER SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/cag-red-flags-raipur-tenders-477-bids-came-from-only-74-computers-5532886/\n\nELECTRICITY SCAM (MADHYA PRADESH) - https://www.indiatoday.in/india/story/madhya-pradesh-energy-department-awards-contract-to-kin-of-power-minister-paras-jain-1049181-2017-09-21\n\nE-TENDER SCAM (MADHYA PRADESH) - https://economictimes.indiatimes.com/news/politics-and-nation/e-tender-scam-looms-large-over-madhya-pradesh-government/articleshow/65694727.cms\n\nEARTHQUAKE RELIEF FUND SCAM - https://indianexpress.com/article/cities/ahmedabad/quake-relief-fund-scam-hc-notice-to-govt-mla\n\nFAKE PILOT SCAM (RAJASTHAN) - https://www.hindustantimes.com/jaipur/ex-bjp-minister-s-son-booked-in-fake-pilot-scam/story-sd7dZyykkGhQdXxOyVEPvN.html\n\n\nFIRE EXTINGUISHERS SCAM (MAHARASHTRA) - https://indianexpress.com/article/india/india-others/procurement-of-fire-extinguishers-maharashtra-govt-orders-probe-into-rs-191-cr-contract/\n\nFISHING CONTRACTS SCAM (GUJARAT) - http://www.dnaindia.com/india/report-17-scams-that-narendra-modi-doesn-t-want-lok-ayukta-to-probe-1580274\n\nFAKE CURRENCY (KERALA) - https://www.indiatimes.com/news/india/kerala-bjp-youth-leader-who-campaigned-against-black-money-busted-in-fake-currency-racket-324401.html\n\nGROUNDNUT SCAM - https://www.newsclick.in/multi-faceted-gujarat-groundnut-scam\n\nGIFT SCAM (GUJARAT) - http://archive.indianexpress.com/news/big-corporates-got-govt-land-cheap-cag/1097019/\n\nGSIDC CONTRACTOR SCAM (GOA) - https://www.heraldgoa.in/Goa-News/Panjim/JUST-LOOK-AT-THE-STATE-of-OUR-ROAD-GIVEN-BACK-TO-US/107007.html\n\nGSIDC CONSULTANT SCAM (GOA) - https://www.goaprism.com/blacklisted-consultancy-firm-is-handling-the-new-mandovi-bridge-project-durgadas-kamat/\n\nGSPC SCAM - https://www.ndtv.com/opinion/from-jairam-ramesh-7-questions-for-pm-modi-on-20-000-crore-scam-1404319\n\nHOUSING SCAM (UP) - https://timesofindia.indiatimes.com/city/meerut/bjp-mlcs-husband-daughter-booked-for-cheating/articleshow/64562995.cms\n\nHUDCO SCAM - https://economictimes.indiatimes.com/news/politics-and-nation/hudco-scam-sc-asks-centre-to-file-atr/articleshow/2211678.cms\n\nHOUSING LOAN SCAM (GOA) - http://www.dnaindia.com/india/report-goa-minister-mahadev-naik-under-acb-scanner-for-misusing-housing-loan-2112518\n\nILLEGAL CONTRACTS (UTTAR PRADESH) - https://www.abplive.in/videos/abp-news-sting-exposes-personal-secretaries-of-up-ministers-taking-bribe-884734\n\nILLEGAL SAND MINING SCAM (MADHYA PRADESH) - https://timesofindia.indiatimes.com/city/bhopal/illegal-sand-mining-state-cong-shoots-missive-to-modi/articleshow/56962165.cms\n\nIL&FS SCAM - https://www.financialexpress.com/opinion/contain-ilfs-contagion-but-probe-fraud-take-action/1326833/\n\nINDIRA PRIYADARSHINI MAHILA SAHAKARI BANK SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/india-others/cong-demands-sacking-of-chhattisgarh-cm-over-co-op-bank-scam/\n\nINDIGOLD REFINERY SCAM (GUJARAT) - https://economictimes.indiatimes.com/news/politics-and-nation/supreme-court-sets-aside-land-allotment-made-by-narendra-modi-government-as-arbitrary/articleshow/29269972.cms\n\nIFFI MEGA SCAM (GOA) - https://www.heraldgoa.in/Goa/CAG-has-exposed-Rs-5-crore-scam-in-IFFI-tenders-Gen-Next-/86771.html\n\nJAY SHAH SCAM - https://thewire.in/business/amit-shah-narendra-modi-jay-shah-bjp\n\nKAMENG HYDRO ELECTRIC PROJECT SCAM (ARUNACHAL PRADESH) - https://thewire.in/politics/kiren-rijiju-fraud-hydro-power-neepco\n\nL&T LAND SCAM (GUJARAT) - http://archive.indianexpress.com/news/big-corporates-got-govt-land-cheap-cag/1097019/\n\nLAND SCAM (GUJARAT) - https://economictimes.indiatimes.com/news/politics-and-nation/gujarat-cm-anandiben-patel-daughters-partners-got-422-acres-land-at-92-discount/articleshow/51216459.cms\n\nLAND SCAM (UTTARAKHAND) - https://www.indiatoday.in/india/north/story/land-scam-stink-in-uttarakhand-77405-2010-06-26\n\nLAND SCAM (KARNATAKA) - https://www.thenewsminute.com/article/sadananda-gowda-soup-over-alleged-land-scam-mythic-society-36684\n\nLAND SCAM (GOA) - http://www.dnaindia.com/india/report-goa-chief-minister-s-brother-in-law-held-for-accepting-rs-1-lakh-bribe-2116288\n\nLED BULBS SCAM (RAJASTHAN) - https://timesofindia.indiatimes.com/city/jaipur/rajasthan-acb-unearths-led-bulbs-scam/articleshow/57031605.cms\n\nLAND SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/besides-buying-forest-land-chhattisgarh-minister-wife-also-encroached-on-13-9-hectares-of-govt-land-4774813/\n\nMIDC LAND SCAM (MAHARASHTRA) - https://indianexpress.com/article/cities/pune/bhosari-land-scam-activist-moves-court-against-acb-report-on-eknath-khadse-5176924/\n\nMPPSC SCAM - https://www.bhaskar.com/mp/bhopal/news/new-mppsc-scam-vypam-5942124.html\n\nMGNREGA SCAM (HARYANA) - https://timesofindia.indiatimes.com/city/chandigarh/govt-protecting-scam-tainted-ias-officers-says-lokayukta/articleshow/58903785.cms\n\nMAHA KUMBH MELA SCAM (UTTARAKHAND) - https://www.indiatoday.in/india/story/kumbh-mela-scam-haunts-bjp-uttarakhand-information-commission-246611-2015-04-01\n\nMODIGATE - https://www.hindustantimes.com/india/sushma-s-husband-confirms-he-and-his-daughter-represented-lalit-modi/story-sxncSn6VUUrPu0PNRZwSVJ.html\n\nMINING SCAM (RAJASTHAN) - https://www.businesstoday.in/magazine/focus/mining-scandal-in-rajasthan-compels-cm-raje-to-usher-clean-mining-reforms/story/225499.html\n\nMALLYA’S ESCAPE - https://www.indiatoday.in/india/delhi/story/vijay-mallya-has-left-india-government-informs-supreme-court-312488-2016-03-09\n\nMEDICINE PURCHASE SCAM (MAHARASHTRA) - https://indianexpress.com/article/cities/mumbai/maharashtra-govt-under-fire-over-irregularities-in-medicine-purchase/\n\nMCD PENSION SCAM (DELHI) - http://www.millenniumpost.in/lops-wife-north-mcd-councillor-party-to-graft-145688\n\n\nMCI SCAM (KERALA) - https://www.business-standard.com/article/current-affairs/kerala-bjp-leader-took-bribe-of-rs-5-60-cr-promised-mci-approval-report-117072001293_1.html\n\nNARMADA PLANTATION SCAM (MADHYA PRADESH) https://www.newsclick.in/what-narmada-plantation-scam-all-about\n\nNIRAV MODI SCAM https://www.ndtv.com/india-news/punjab-national-bank-scam-banks-may-take-over-rs-17-000-crore-hit-from-pnb-fraud-tax-department-1813937\n\nNORTH CACHAR HILLS SCAM (ASSAM) https://www.newindianexpress.com/nation/2017/may/22/rs-1000-crore-north-cachar-hills-scam-nia-court-convicts-all-14-accused-1607761.html\n\nNANO PLANT LAND SCAM (GUJARAT) https://economictimes.indiatimes.com/news/politics-and-nation/after-mining-scam-land-deals-figure-in-congress-booklet-on-corruption/articleshow/9882826.cms\n\nNULM SCAM https://timesofindia.indiatimes.com/india/SC-calls-urban-shelter-scheme-a-big-scam/articleshow/47045765.cms\n\nNEET SCAM https://www.firstpost.com/india/neet-top-scorers-conspired-with-private-colleges-from-imposters-to-software-hacking-a-look-at-medical-exam-scam-4093735.html\n\nNALIA SCAM (GUJARAT) https://www.firstpost.com/india/naliya-rape-case-all-you-need-to-know-about-the-kutch-sex-racket-and-how-it-began-3275814.html\n\nOPERATION WEST END https://www.news18.com/news/politics/whats-the-bangaru-laxman-tehelka-sting-case-469103.html\n\nONGC SCAM http://www.newindianexpress.com/business/2018/jun/01/cbi-books-officials-of-ongc-in-rs-80-crore-scam-case-1822103.html\n\nPUNE LAND SCAM (MAHARASHTRA) https://economictimes.indiatimes.com/news/politics-and-nation/pune-land-scam-probe-may-be-given-to-cbi-says-court/articleshow/7450895.cms\n\nPETROL PUMP SCAM (UP) https://www.indiatoday.in/india/story/yogi-adityanath-s-principal-secretary-accused-of-demanding-bribe-governor-directs-cm-to-conduct-inquiry-1254875-2018-06-08\n\nPDS SCAM (CHHATTISGARH) https://www.ndtv.com/india-news/congress-demands-chattisgarh-chief-minister-raman-singhs-resignation-in-alleged-rs-36-000-crore-scam-778168\n\nPIYUSH GOYAL SCAM https://timesofindia.indiatimes.com/india/congress-targets-piyush-goyal-again-demands-his-removal/articleshow/63953770.cms\n\nPIYUSH GOYAL-SHIRDI INDUSTRIES SCAM https://indianexpress.com/article/india/piyush-goyal-family-firm-made-3000-times-profit-on-paid-up-capital-says-congress-bjp-denies-5132207/\n\nQUESTION PAPER LEAK SCAM https://www.hindustantimes.com/education/ssc-paper-leak-case-sc-asks-dopt-to-look-into-grievances-of-job-seekers-and-pass-reasoned-order/story-JM0YRPlmtInPDXOYS6CWtL.html\n\nRAJE AIDS CORRUPTION (RAJASTHAN) https://www.ndtv.com/india-news/controversial-rajasthan-immunity-bill-taken-back-in-state-assembly-1815183\n\n\n\nRHB PROPERTY (RAJASTHAN) https://timesofindia.indiatimes.com/news/Irregularity-in-allotment-of-RHB-property-to-BJP-MLA-Lokayukta/articleshow/35130414.cms\n\n\n\n\n\nSKILL INDIA SCAM https://www.indiatoday.in/india/story/india-today-expose-finds-out-skill-india-initiative-weaves-more-scams-than-success-stories-1345024-2018-09-20\n\nSEED SCAM (JHARKHAND) https://timesofindia.indiatimes.com/city/ranchi/Seed-scam-Former-agriculture-minister-Satyanand-Bhokta-arrested/articleshow/24353341.cms\n\n\n\nSSY SCAM (GUJARAT) https://www.dnaindia.com/india/report-sujalam-gets-cag-rap-1232637\n\nSWAN ENERGY-GSPC SCAM (GUJARAT) http://www.rediff.com/money/special/congress-accuses-modi-govt-of-rs-14296-crore-scam/20100210.htm\n\nTUR SCAM (MAHARASHTRA) http://www.uniindia.com/ncp-demands-inquiry-into-multi-crore-pulses-scam-resignation-of-minister-girish-bapat/other/news/285638.html\n\nTAKE HOME RATION SCAM (MAHARASHTRA) https://indianexpress.com/article/cities/mumbai/supreme-court-strikes-down-food-contracts-5617818/\n\nUJJAIN SIMHASTHA KUMBH MELA SCAM (MADHYA PRADESH) https://www.newsclick.in/illegal-construction-ujjains-simhastha-land-congress-accuses-bjp-leaders\n\nUJJAIN SIMHASTHA KUMBH MELA SCAM (MADHYA PRADESH) https://www.hindustantimes.com/bhopal/cong-alleges-rs-1-500-crore-scam-in-ujjain-simhastha/story-H800zXmHPP5uNAQfb8KRSM.html\n\nUNIVERSITY LAND SCAM https://www.dnaindia.com/india/report-17-scams-that-narendra-modi-doesn-t-want-lok-ayukta-to-probe-1580274\n\nVYAPAM SCAM (MP) https://www.thehindu.com/news/national/other-states/vyapam-scam-madhya-pradesh-ex-minister-laxmikant-sharma-charged/article22694519.ece\n\nWATER BOARD SCAM (GUJARAT) https://newscentral24x7.com/gujarat-water-supply-multi-crore-scam-vijay-rupani-bjp-suresh-mehta-audit-report/\n\nWATER RESOURCES DEPT. SCAM (MADHYA PRADESH) https://www.inkhabar.com/state/cag-report-madhya-pradesh-cag%E2%80%89finds-irregularities-of-crores-in-madhya-pradesh-during-the-period-of-shivraj-singh-chouhan-led-bjp-government\n\nWEIGHT MANIPULATION SCAM https://www.firstpost.com/india/congress-accuses-gujarat-government-of-rs-4000-crore-scam-in-procurement-of-groundnuts-demands-judicial-probe-by-sc-4934851.html\n\nX- RAY TECHNICIAN RECRUITMENT SCAM https://www.hindustantimes.com/chandigarh/recruitment-scam-at-pgi-admn-tried-to-brush-issue-under-the-rug/story-GuTEFVer7V3D1ksySbdXXO.html\n\nYEDDY DIARIES (KARNATAKA) https://realreport.in/yeddyurappa-diaries-expose-bjps-chowkidars/\n\nYEDDYURAPPA LAND SCAM (KARNATAKA) https://www.indiatoday.in/india/south/story/karnataka-yeddyurappa-mining-scam-land-scam-138414-2011-07-29\n\nZUBIN IRANI LAND SCAM (MP) http://www.newindianexpress.com/nation/2017/may/05/smriti-iranis-husband-a-share-holder-in-firm-accused-of-land-grabbing-congress-seeks-probe-1601415.html', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/', '13rcbov', [['u/fekumodi56', 12, '2023-05-25 13:11', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jljsp1h/', 'Arey sab k aage Paisa mention karna to bhool gaye wohi to main attraction hai', '13rcbov'], ['u/alter_Dex', 42, '2023-05-25 15:36', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlk9l1j/', 'Amazing work OP.', '13rcbov'], ['u/rogues69', 29, '2023-05-25 15:49', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkbcc8/', 'Saved', '13rcbov'], ['u/BoilingHot_Semen', 15, '2023-05-25 15:50', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkbict/', 'How blind can you be?', '13rcbov'], ['u/Hurt_copain', 55, '2023-05-25 16:33', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkhvk4/', 'my honest reaction :\n\nhttps://preview.redd.it/obnc4ul0512b1.jpeg?width=600&format=pjpg&auto=webp&v=enabled&s=c1db9a7b520f9c3b7ba78bcca417251659aadc75', '13rcbov'], ['u/_PandaBear', 16, '2023-05-25 17:00', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkm5l3/', 'I opened the post just for this one. IDC about other scams. This one tops for me.', '13rcbov'], ['u/PositronGt', 13, '2023-05-25 17:05', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkmv7g/', "I'll work on this", '13rcbov'], ['u/PhotoTrooper', 14, '2023-05-25 17:44', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlksuxp/', 'Even spectrum scam case ended like this: \n\nIn his 1,552-page order, special judge O P Saini held that there was no criminality or conspiracy in spectrum allotment and said some people created a "scam by artfully arranging a few selected facts and exaggerating things beyond recognition to astronomical levels".\n\nBut bhakt abhi bhi is scam ko gina denge UPA ko corrupt batane ke liye, saari parties ke kattar followers brainwashed hai. No doubt UPA may corruption tha, agar main kuch cases cherry-pick kar ke dikha dun ki scam toh nahi hue the toh us se sachai thodi badal jayegi, similarly sure most of the cases mentioned in this post will end up with similar decisions but doesn’t mean jahan corruption ho raha hai use andekha kiya jaye. \n\nOur duty as citizens is to hold the government responsible for any & every decision they make, doesn’t matter how small or huge that decision is. But some brainwashed people can’t even hear any criticism against “their” party. See how i used the quotes to write their, it’s because these morons think it’s their party, their “familia”, their representatives but in reality it’s just as corrupt and disingenuous than any other power hungry party. Allegations are made for a reason be it politically motivated or genuine it needs to be thoroughly investigated, some decisions might fall in favour of what you want, i know you’ll accept them openly but some decisions might not go your way, accept them the same way.\n\nStop drooling over and defending every stupid decision that this government makes, show some balls, try to question them on some of the issues, try to be a part of secular democratic society without being a jerk, without letting them turn this country into a cauldron of hate & anger and division.', '13rcbov'], ['u/reddituser_scrolls', 13, '2023-05-25 19:02', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jll53lt/', 'critifin - Yes', '13rcbov'], ['u/pm-me-ur-uneven-tits', 10, '2023-05-25 19:33', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jll9ynj/', "Did I miss PMCARES and scams with covid vaccines (quality of them, and why we didn't have regular Pfizer or Moderna ones available). Or had vaccines a good 1yr after other countries.\n\nMismanagement or scam for ventilators, private hospitals charging huge Sums for covid patients", '13rcbov'], ['u/BaffledEarthman', 19, '2023-05-25 20:05', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlleyg0/', 'Great work OP. vyapam takes the cake for me not for the money but for the sheer number of people murdered', '13rcbov']]], ['u/CrewCommon7788', 'How or why does the halving affect alts?', 11, '2023-05-25 10:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13rcd57/how_or_why_does_the_halving_affect_alts/', "Please be gracious: can someone please explain to me how the btc halving affects the price of alts? I know that the rewards halve after every 210,000 blocks mined, which takes about four years. Shouldn't it really just be the price of btc that changes? Ethereum, for example, is a completely different network after all. What do alts have to do with it? Or are they just changing because more investors are getting in now? \n\nA friend of mine couldn't really explain it either and just said it's always the case that it happens after the halving. I would like to know why? Or are the prices of the alts linked to the btc price. So that the fall and rise must happen inevitably.", 'https://www.reddit.com/r/CryptoCurrency/comments/13rcd57/how_or_why_does_the_halving_affect_alts/', '13rcd57', [['u/Qptimised', 16, '2023-05-25 11:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13rcd57/how_or_why_does_the_halving_affect_alts/jljik32/', "It doesn't affect it directly. But because every other crypto is connected to BTC, everything pumps when BTC pumps.", '13rcd57']]], ['u/derika22', 'Crypto is the biggest opportunity for normal people like you and me in this century', 100, '2023-05-25 13:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/', 'For a lot of people earning money and especially keeping wealth against inflation is very difficult. Many work hard and barely can save some money because of living cost. The few money left to save gets eaten away by inflation.\n\nCrypto is the biggest chance for us.\n\nI am NOT talking about "life changing super rich making" gains made with gambling into memecoins, but simply investing into the bigger 2 cryptos (maybe some alts, too).\n\nSome might say that stocks or pennystocks were biggest opportunities...if you were early to Amazon, Gamestop and co. you would be rich, but nobody could see the future and it would have been pure luck anyways.\n\nWhy crypto is our biggest chance in this century?\n\nIt\'s a new technology, it brings freedom to the people, it\'s decentralized, nobody controls it. People slowly mistrust the current fiat system. \n\nIt\'s still developing, soon more people will understand Bitcoin.\n\nUntil then, let\'s not get your time and wealth go to waste and invest in crypto (BTC, ETH, [your alt]). It doesn\'t have to be life changing money, preserving wealth, increasing it bit by bit. Sats by sats, stack it.', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/', '13rfeia', [['u/liveaskings', 10, '2023-05-25 13:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvnd9/', 'For a lot of us, it\'s our only chance for financial freedom. With the cost of living, car prices, and especially home values, it\'s our only chance of living "the American dream"', '13rfeia'], ['u/Florian995', 26, '2023-05-25 13:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvsn5/', 'Crypto is also the biggest opportunity to lose all your money. I am currently working on that', '13rfeia'], ['u/N3RFonReddit', 23, '2023-05-25 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvtok/', 'I think crypto might bring opportunities for some people to make some money, yes. But remember, money is not just put in your pocket out of thin air (unless you are a central bank, or have watched too much casa de papel on Netflix). If there is a winner, there must always be a loser somewhere else.', '13rfeia'], ['u/Calm-Cartographer677', 14, '2023-05-25 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvtte/', "Bold of you to assume I'm a normal person and not totally weird", '13rfeia'], ['u/Dull-Wear-3286', 435, '2023-05-25 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvyfj/', "Stock was too slow and boring for me so i joined crypto and now I'm losing all my money super fast.", '13rfeia'], ['u/Kukuzahara', 41, '2023-05-25 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljw2c0/', 'I will be honest man I am still in the red and would have actually saved money if I didn’t buy Crypto…', '13rfeia'], ['u/Loud-Mathematician76', 16, '2023-05-25 13:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljwing/', 'oh boy! hopium much ?', '13rfeia'], ['u/Dull_Tough_7149', 131, '2023-05-25 13:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljwwe7/', "Oh, absolutely! Crypto is the perfect opportunity to throw all your bags into the moon, only to watch them crash and burn like a rekt noob. I mean, who needs a Lambo when you can just hodl your way to zero, amirite? And don't even get me started on the FUD and FOMO that can make you panic sell or buy at the worst possible times. But hey, at least you'll have some sick gains until the rug gets pulled and you get rugged. So keep on trading those shitcoins and chasing those pumps, because the only way to make it in crypto is to go big or go home!", '13rfeia'], ['u/FattestLion', 65, '2023-05-25 13:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxa0w/', 'Would you be interested to know about leveraged futures trading as well as crypto options? Guaranteed 1 day wipeout', '13rfeia'], ['u/Dull-Wear-3286', 28, '2023-05-25 14:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxn6x/', "I'm already 40x leveraged sir.", '13rfeia'], ['u/FattestLion', 24, '2023-05-25 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxro7/', '“Pro” tip: 69x minumum for maximum profits', '13rfeia'], ['u/rootpl', 10, '2023-05-25 14:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxw0c/', 'Fast and Furious: Rug Pull Drift.', '13rfeia'], ['u/NaturephilicReaction', 13, '2023-05-25 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljyjmo/', "I'm now bored of crypto and moved on to gambling and losing my money instantly instead", '13rfeia'], ['u/Popatteri', 10, '2023-05-25 14:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljyxzs/', 'You could start practicing today and have a respectable skillset in a couple or years. No, better blame the world for your misfortunes and gamble on shitcoins.', '13rfeia'], ['u/_NotMitetechno_', 27, '2023-05-25 14:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljzejf/', 'No, improving your skills and worth is. The internet has lots of information on how to improve yourself and learn new skills.', '13rfeia'], ['u/ProfWalterBishop', 72, '2023-05-25 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0ch5/', 'god damn this is a bad take', '13rfeia'], ['u/ice_blade_sorc', 26, '2023-05-25 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0dte/', 'I know you said "biggest" sure I can\'t refute that but even stocks gave massive gains, not comparable to crypto but still big numbers nonetheless *and less risky. Let\'s look at some tech stocks gains if you buy from 2009, which when bitcoin started.\n\n\n\n\|Alphabet \|2009 - $7.78\|2022 (peak) - $151\|1806 %\|\n\|:-\|:-\|:-\|:-\|\n\|Apple\|2009 - $3.08\|2022 (peak) - $182\|5830 % \|\n\|META\|2012 - $18\|2021 (peak) - $381\|2666 %\|\n\|NVIDIA\|2012 - $1.77\|2021 (peak) - $346\|19490 %\|\n\|Amazon\|2009 - $2.50\|2021 (peak) - $189\|7190 %\|\n\|Microsoft\|2009 - $15\|2021 (peak) - $350\|2218 %\|\n\|Tesla\|2010 - $15\|2021 (peak) - $411\|28500 %\|', '13rfeia'], ['u/partymsl', 14, '2023-05-25 14:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0pan/', 'Amateurs, it is 100x and watching 30s charts or nothing.', '13rfeia'], ['u/partymsl', 10, '2023-05-25 14:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0syn/', 'Crypto IS gambling. Especially with leverage it is like gambling illegally even.', '13rfeia'], ['u/AbbreviationsNo988', 10, '2023-05-25 14:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk18tr/', 'Or the biggest failure and waste of money of the century, the line between the 2 things is very thin', '13rfeia'], ['u/deathbyfish13', 10, '2023-05-25 14:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk1bmc/', 'Ah I see you like to live dangerously as well', '13rfeia'], ['u/kirtash93', 14, '2023-05-25 14:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk26cq/', 'Like my grandfather told me before he passed away, "A dangerous short life is better than a long boring one."*\n\nI am already taking my third loan and leveraging it into PEPE.', '13rfeia'], ['u/Gr8WallofChinatown', 17, '2023-05-25 14:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk3lrk/', 'Your post is everything wrong with the industry and people.', '13rfeia'], ['u/d3vrandom', 11, '2023-05-25 15:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlka1em/', "you haven't accounted for stock splits which put even more money into investors' hands.", '13rfeia'], ['u/Lokiee0077', 10, '2023-05-25 16:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlke914/', 'I joined crypto for wife changing money, but it backfired and now my wife has another husband.', '13rfeia'], ['u/WhompWump', 16, '2023-05-25 17:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlksmk9/', 'Just outright selling people a dream of gambling lol\n\nIf you want to "get rich quick" investing, even in highly volatile risky assets like crypto, is not it. Just go gamble.', '13rfeia']]], ['u/1gdmorrill', 'Listened to Tanis and TBT, Rabbits/The Last Movie next?', 35, '2023-05-25 14:38', 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/', "So I'm pretty much done Tanis, I have two eps left which I'll be completing today. I'm not entirely sure why or how I finished season 5 of Tanis, it's seemed to have spiraled out of control long ago and PNWS cannot close out a story to save their lives see The Black Tapes also. So i've got a few questions on the other pods from PNWS...\n\n1. Do they all become incredibly vague and open ended like Tanis? By all I mean Rabbits & The Last Movie...\n2. Are the others worth listening to? I like the first two seasons of both Tanis and TBT...\n3. How much did MK make off all that bitcoin she was paid in, it makes me laugh every time they'd pay her in Bitcoin.", 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/', '13rgocc', [['u/Waitingforabluebox', 26, '2023-05-25 15:05', 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/jlk5i3x/', 'I feel like Terry Miles has good ideas but he doesn’t plan for an ending so they just kind of morph in to a weird, vague blob at the end. I do think Rabbits (especially season 1) actually has a ending, like you feel satisfied.', '13rgocc'], ['u/epic_inside', 10, '2023-05-25 16:32', 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/jlkhp9h/', 'It’s…..complicated', '13rgocc']]], ['u/Status_Floor1746', 'Crypto is Gearing Up to Face its Biggest Test Yet', 10, '2023-05-25 14:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13rgx6d/crypto_is_gearing_up_to_face_its_biggest_test_yet/', 'TL;DR Since its creation from the last financial crisis crypto faces its biggest test yet with a bleak economic outlook and US government debt ceiling negotiations. These two events could result in a massive liquidity crash as fiat is needed to pay everyday expenses. While the US is highly unlikely to default the damage is being done right now to the markets. \n\n\n\n\n\n\n\n\n\nIt is safe to say that markets across the board are stuck in a rut as House Speaker Kevin McCarthy and President Joe Biden continue to negotiate a deal to raise the debt limit. Since Bitcoin\'s inception, crypto has been pitched as an alternative monetary system free of third parties and has been highly successful. However, the economic conditions resulting from these debt ceiling negotiations are not only uncommon but are now reaching a point not seen in recent history. \n\n\n\nThe biggest issue I have seen crypto run into is something I think many of us should understand and not be surprised by. Crypto still lacks a lot of commonplace utility, especially in typical everyday roles. When you look at the basics like having to pay a credit card bill, utility bill, or mortgage payment there really is not an easy clear-cut way to do this. While different protocols and attempts have ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI, May 26, 2023 --( BUSINESS WIRE )--US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC"), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC ("Celsius"), which filed for Chapter 11 bankruptcy protection in July 2022. USBTC submitted the winning bid as part of the Fahrenheit, LLC ("Fahrenheit") coalition. The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Upon restructuring, Fahrenheit will serve as the management company of the broader Celsius entity. Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius. "Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius," said Michael Ho, CEO of USBTC. "Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across web3 markets." Under the proposed restructuring, USBTC will enter into one or more operating and services agreements with the restructured company to become the exclusive operator of all mining assets formerly owned by Celsius. In addition to a portion of the management fee, USBTC will also receive from Fahrenheit a fee of $15 million per year net of operating expenses to manage the mining division of the restructured company. USBTC expects to increase its total installed hashrate under management by approximately 12.2 EH/s upon full energization of the Celsius fleet of 121,800 machines. "We are deeply committed to building value for the creditors of Celsius," said Asher Genoot, President of USBTC. "Just as we did with Generate Capital and NextEra Energy in the Compute North bankruptcy, we will help another deserving partner emerge from bankruptcy stronger than ever. We’re incredibly excited to get to work and show the world what we can achieve together." The consummation of Celsius’ restructuring transaction is subject to approval of the Bankruptcy Court. Story continues About US Bitcoin Corp (USBTC) USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales. USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. Disclaimer This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC\'s businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts; instead, they signify management\'s expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC") deems these statements reasonable as of the press release\'s date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information. The forward-looking statements included in this press release are provided as of the press release\'s date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005908/en/ Contacts For more information, visit www.usbitcoin.com or contact [email protected]', 'Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI, May 26, 2023 --( BUSINESS WIRE )--US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC"), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC ("Celsius"), which filed for Chapter 11 bankruptcy protection in July 2022. USBTC submitted the winning bid as part of the Fahrenheit, LLC ("Fahrenheit") coalition. The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Upon restructuring, Fahrenheit will serve as the management company of the broader Celsius entity. Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius. "Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius," said Michael Ho, CEO of USBTC. "Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across web3 markets." Under the proposed restructuring, USBTC will enter into one or more operating and services agreements with the restructured company to become the exclusive operator of all mining assets formerly owned by Celsius. In addition to a portion of the management fee, USBTC will also receive from Fahrenheit a fee of $15 million per year net of operating expenses to manage the mining division of the restructured company. USBTC expects to increase its total installed hashrate under management by approximately 12.2 EH/s upon full energization of the Celsius fleet of 121,800 machines. "We are deeply committed to building value for the creditors of Celsius," said Asher Genoot, President of USBTC. "Just as we did with Generate Capital and NextEra Energy in the Compute North bankruptcy, we will help another deserving partner emerge from bankruptcy stronger than ever. We’re incredibly excited to get to work and show the world what we can achieve together." The consummation of Celsius’ restructuring transaction is subject to approval of the Bankruptcy Court. Story continues About US Bitcoin Corp (USBTC) USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales. USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. Disclaimer This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC\'s businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts; instead, they signify management\'s expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC") deems these statements reasonable as of the press release\'s date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information. The forward-looking statements included in this press release are provided as of the press release\'s date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005908/en/ Contacts For more information, visit www.usbitcoin.com or contact [email protected]', 'Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI, May 26, 2023 --( BUSINESS WIRE )--US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC"), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC ("Celsius"), which filed for Chapter 11 bankruptcy protection in July 2022. USBTC submitted the winning bid as part of the Fahrenheit, LLC ("Fahrenheit") coalition. The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Upon restructuring, Fahrenheit will serve as the management company of the broader Celsius entity. Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius. "Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius," said Michael Ho, CEO of USBTC. "Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across web3 markets." Under the proposed restructuring, USBTC will enter into one or more operating and services agreements with the restructured company to become the exclusive operator of all mining assets formerly owned by Celsius. In addition to a portion of the management fee, USBTC will also receive from Fahrenheit a fee of $15 million per year net of operating expenses to manage the mining division of the restructured company. USBTC expects to increase its total installed hashrate under management by approximately 12.2 EH/s upon full energization of the Celsius fleet of 121,800 machines. "We are deeply committed to building value for the creditors of Celsius," said Asher Genoot, President of USBTC. "Just as we did with Generate Capital and NextEra Energy in the Compute North bankruptcy, we will help another deserving partner emerge from bankruptcy stronger than ever. We’re incredibly excited to get to work and show the world what we can achieve together." The consummation of Celsius’ restructuring transaction is subject to approval of the Bankruptcy Court. Story continues About US Bitcoin Corp (USBTC) USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales. USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. Disclaimer This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC\'s businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts; instead, they signify management\'s expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC") deems these statements reasonable as of the press release\'s date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information. The forward-looking statements included in this press release are provided as of the press release\'s date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005908/en/ Contacts For more information, visit www.usbitcoin.com or contact [email protected]', 'US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to apress release.\nThe miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for the Celsius assets, which include a lending portfolio, crypto assets and 121,800 mining machines. Once it brings all the mining rigs online, its fleet will total at least 270,000 mining rigs, the miner told CoinDesk. This will raise its computing power to the ranks of mining giants such asRiot Platforms (RIOT),Core Scientific (CORZ)andMarathon Digital Holdings (MARA).\nRead more:Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius\nUnder the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm added. That\'s $75 million on top of expenses, provided that USBTC fulfills certain operational requirements.\nAnother $20 million in management fees will go to the Fahrenheit consortium,court filings show. The consortium will also receive stock incentives in the new company that will house the Celsius assets. USBTC also has to build a 100 megawatts (MW) of infrastructure to house the Celsius rigs, and provide a plan for the buildout of another 240 MW of capacity in abehind-the-metersite.\nThe Miami-based firm has managed to massively increase its operational capabilities in the past few months, taking advantage of opportunities born out of bankruptcies. It started from a single site in Niagara Falls, New York, but has now taken control of three sites formerly operated by Compute North, whichfiled for Chapter 11 in September 2022. Two of those are owned by energy investment firm Generate Capital, while the third is a joint venture between USBTC and energy firm NextEra Energy.\nUSBTC has managed to secure hosting deals for 150,000 machines in its facilities. It is also undergoing a merger withCanada\'s Hut 8 Mining (HUT).\nOther members of the consortium that will be managing the Celsius assets are Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.\nRead more:U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs\nUPDATE (May 25, 1:30 UTC):Changes subhead to show total potential management fees, specifies that USBTC will have at least 270,000 mining rigs after the deal.', 'US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to apress release.\nThe miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for the Celsius assets, which include a lending portfolio, crypto assets and 121,800 mining machines. Once it brings all the mining rigs online, its fleet will total at least 270,000 mining rigs, the miner told CoinDesk. This will raise its computing power to the ranks of mining giants such asRiot Platforms (RIOT),Core Scientific (CORZ)andMarathon Digital Holdings (MARA).\nRead more:Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius\nUnder the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm added. That\'s $75 million on top of expenses, provided that USBTC fulfills certain operational requirements.\nAnother $20 million in management fees will go to the Fahrenheit consortium,court filings show. The consortium will also receive stock incentives in the new company that will house the Celsius assets. USBTC also has to build a 100 megawatts (MW) of infrastructure to house the Celsius rigs, and provide a plan for the buildout of another 240 MW of capacity in abehind-the-metersite.\nThe Miami-based firm has managed to massively increase its operational capabilities in the past few months, taking advantage of opportunities born out of bankruptcies. It started from a single site in Niagara Falls, New York, but has now taken control of three sites formerly operated by Compute North, whichfiled for Chapter 11 in September 2022. Two of those are owned by energy investment firm Generate Capital, while the third is a joint venture between USBTC and energy firm NextEra Energy.\nUSBTC has managed to secure hosting deals for 150,000 machines in its facilities. It is also undergoing a merger withCanada\'s Hut 8 Mining (HUT).\nOther members of the consortium that will be managing the Celsius assets are Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.\nRead more:U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs\nUPDATE (May 25, 1:30 UTC):Changes subhead to show total potential management fees, specifies that USBTC will have at least 270,000 mining rigs after the deal.', 'US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to a press release . The miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for the Celsius assets, which include a lending portfolio, crypto assets and 121,800 mining machines. Once it brings all the mining rigs online, its fleet will total at least 270,000 mining rigs, the miner told CoinDesk. This will raise its computing power to the ranks of mining giants such as Riot Platforms (RIOT) , Core Scientific (CORZ) and Marathon Digital Holdings (MARA) . Read more: Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm added. That\'s $75 million on top of expenses, provided that USBTC fulfills certain operational requirements. Another $20 million in management fees will go to the Fahrenheit consortium, court filings show . The consortium will also receive stock incentives in the new company that will house the Celsius assets. USBTC also has to build a 100 megawatts (MW) of infrastructure to house the Celsius rigs, and provide a plan for the buildout of another 240 MW of capacity in a behind-the-meter site. The Miami-based firm has managed to massively increase its operational capabilities in the past few months, taking advantage of opportunities born out of bankruptcies. It started from a single site in Niagara Falls, New York, but has now taken control of three sites formerly operated by Compute North, which filed for Chapter 11 in September 2022 . Two of those are owned by energy investment firm Generate Capital, while the third is a joint venture between USBTC and energy firm NextEra Energy. Story continues USBTC has managed to secure hosting deals for 150,000 machines in its facilities. It is also undergoing a merger with Canada\'s Hut 8 Mining (HUT) . Other members of the consortium that will be managing the Celsius assets are Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Read more: U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs UPDATE (May 25, 1:30 UTC): Changes subhead to show total potential management fees, specifies that USBTC will have at least 270,000 mining rigs after the deal.', 'VANCOUVER, BC, CANADA, May 25, 2023 (GLOBE NEWSWIRE) --Jolt Health Inc. (formerly Love Pharma Inc.) (“Jolt” and or “the Company”) (CSE:JOLT) (FSE: G1Q0)is pleased to announce that pursuant to a 10% interest bearing convertible debenture issued on October 12, 2022, the Issuer issued a total of 13,765,763 common shares, at $0.015 per common share in satisfaction of the aggregate interest payment owed by the Issuer of $195,000 to a Debenture holder\xa0 In addition, pursuant to Promissory Notes dated January 23, 2020 and extended to December 31, 2023, the Issuer issued a total of 6,116,913 common shares at $0.15 per common share in satisfaction of the aggregate per annum interest rate of 5% owing on the Promissory Notes.\nThe common shares are being issued to arms-length parties, and are subject to a four month hold period. The shares for debt settlement is subject to the approval of the Canadian Securities Exchange.\nAbout Jolt Health Inc.\nWith a focus on the global sexual Health and Wellness markets, Jolt Health Inc., formerly Love Pharma Inc. (CSE:JOLT) (FSE: G1Q0) was founded in 2020, with a mission to bring to market innovative products that enhance sexual health and wellness while providing an improved quality of life. Jolt holds exclusive licenses to produce market, package, sell, and distribute patent-protected therapeutic and pharmaceutical products throughout Europe, the United Kingdom, and North America.\nFor further information, please contact:\nInvestor Relations\nTelephone: 1 (604) 343-2977\nE-mail: [email protected]\nwww.love-pharma.com\nNeither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward Looking Statements\nCertain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management\'s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.\xa0 A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID–19, including the impact of COVID–19 on the Company\'s business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.\nCONTACT: Investor Relations JOLT Health Inc. 1 (604) 343-2977 [email protected]', 'VANCOUVER, BC, CANADA, May 25, 2023 (GLOBE NEWSWIRE) -- Jolt Health Inc. (formerly Love Pharma Inc.) (\x93Jolt\x94 and or \x93the Company\x94) (CSE:JOLT) (FSE: G1Q0) is pleased to announce that pursuant to a 10% interest bearing convertible debenture issued on October 12, 2022, the Issuer issued a total of 13,765,763 common shares, at $0.015 per common share in satisfaction of the aggregate interest payment owed by the Issuer of $195,000 to a Debenture holder\xa0 In addition, pursuant to Promissory Notes dated January 23, 2020 and extended to December 31, 2023, the Issuer issued a total of 6,116,913 common shares at $0.15 per common share in satisfaction of the aggregate per annum interest rate of 5% owing on the Promissory Notes. The common shares are being issued to arms-length parties, and are subject to a four month hold period. The shares for debt settlement is subject to the approval of the Canadian Securities Exchange. About Jolt Health Inc . With a focus on the global sexual Health and Wellness markets, Jolt Health Inc., formerly Love Pharma Inc. (CSE:JOLT) (FSE: G1Q0) was founded in 2020, with a mission to bring to market innovative products that enhance sexual health and wellness while providing an improved quality of life. Jolt holds exclusive licenses to produce market, package, sell, and distribute patent-protected therapeutic and pharmaceutical products throughout Europe, the United Kingdom, and North America. For further information, please contact: Investor Relations Telephone: 1 (604) 343-2977 E-mail: [email protected] www.love-pharma.com Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management\'s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.\xa0 A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID\x9619, including the impact of COVID\x9619 on the Company\'s business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws. Story continues CONTACT: Investor Relations JOLT Health Inc. 1 (604) 343-2977 [email protected]', "Among the crowds at the Bitcoin 2023 conference in Miami last week were pockets of Ethereum developers, drawn to the world's biggest and oldest cryptocurrency by Ordinals.\nSeveral developers with roots in Web3 attended Bitcoin 2023 because of Ordinals,the protocollaunched earlier this year that’s taken Bitcoin by storm—sparking a wave of innovation, hype, and experimentation.\nOrdinalSafe, a self-custodial Bitcoin wallet built for Ordinals, was among the startups present with Ethereum in its veins. The majority of its development team has experience working with the second-largest token by market capitalization.\nThe startup participated in Bitcoin 2023’s “Pitch Day,” and it ultimately won second place in the competition’s infrastructure category. The endeavor was a notable achievement and memorable experience, said OrdinalSafe CEO Esad Yusuf Atik.\n“It's your first time on that stage, and you're trying to sell the vision of your product to other people, so you want to do a good job,” he said. “I was really nervous, but going to the stage for the prize, it felt great.”\nFeds Blacklist Tornado Cash, Ban Ethereum Mixing Tool in US\nAtik, a 22-year-old developer from Turkey, first caught the Web3 bug when he attended a hackathon in 2020. He, along with a couple of other members from the OrdinalSafe team, previously developed a protocol called Proof of Innocence under the firmChainway.\nBuilt for Tornado Cash—an Ethereum coin mixersanctioned by the U.S.last summer—Proof of Innocence is designed to help users prove they didn’t deposit funds into the privacy tool from a sanctioned wallet address.\nThe project “got really good attention,” Atik said, adding he and developers that worked on the protocol recently got to meet Ethereum co-founder Vitalik Buterin in Montenegro. He added that Buterin talked about Proof of Innocence on stage at the Community Ethereum Development Conference.\nBut, in February, Atik learned about Ordinals on Twitter and became transfixed. So, he and his fellow developers dove head-first into creating OrdinalSafe, ultimately leading the crew to Miami.\nNot all Bitcoiners see value in Ethereum—or any other coin, for that matter. At Bitcoin 2023, a few vocal conference-goersbooedBitMEX founder Arthur Hayes on stage when he told author Michael Lewis he “absolutely” owns Ethereum and other tokens.\n“Come on, guys. Y’all know you trade some PepeCoin,” Hayes said in response to the boos, referring to Ethereum’s amphibious meme coindu jour. “Don’t sit here like that.”\nAlong similar lines, a company called LayerTwo Labs invited attendees to smash piñatas resembling Ethereum, Solana, and Shiba Inu symbols at its booth. People urged Bitcoiners to “smash a shitcoin” like carnival barkers.\nBut despite any sense of BTC superiority permeating the air at Bitcoin 2023, Atik said that the conference’s crowd was welcoming.\n“Even though we came from an Ethereum background, it felt like home,” Atik said. “If you're developing on Bitcoin, you're part of the community, right?”\nWhether Ordinals itself is accepted by the Bitcoin community is entirely up for debate—as evidenced by tension on stage during “The Great Ordinal Debate.”\nThe conversation touched on whether Ordinals could be considered an attack on Bitcoin, assome critics say. Their argument: Experimental BRC-20 tokens, built using Ordinals, have put an enormous strain on Bitcoin’s network anddriven up transaction fees. BRC-20 tokens,pioneeredin March, are fungible tokens that exist on Bitcoin—comparable toERC-20tokens on Ethereum, like PepeCoin.\nBitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions\nThere was also discussion about projects that could potentially be built on Bitcoin using Ordinals, like a decentralized exchange. Matt Corallo, an Open Source Engineer at Spiral,expressed concernsduring the panel that new innovations with Ordinals could push Bitcoin miners more towardMEVto stay competitive and introduce centralization or censorship issues if not managed effectively.\nMEV, or maximal extractable value, refers to the value that miners or validators can derive from changing the sequence of transactions in a block as it’s being added to the ledger. While developers on Ethereum and other chains have spent years figuring out how to mitigate MEV’s negative aspects, it’s potentially a new hurdle for crypto’s oldest coin, said Corallo.\n“The Ethereum space has spent a lot of time doing this,” Corallo said, in terms of addressing MEV. “We do need to learn from that world, in so far as we’re building protocols that start to look more like that world. We absolutely do.”\nHas Proof of Stake Made Ethereum More Centralized?\nUdi Wertheimer of Bitcoin Wizards said it’s noteworthy that well-established Web3 tech and concepts have worked their way into Bitcoin-related dialogue, contrasting it with events held by Bitcoin Magazine in years past.\n“This year, we’re on [...] the main stage of Bitcoin Magazine talking about rollups, we’re talking about MEV, we’re talking about decentralized exchanges on Bitcoin,” Wertheimer said. “I don’t have the answers [...] but I think the culture is getting there.”\nBefore Bitcoin 2023, OrdinalSafe didn’t have any investors. But after the team’s performance during Pitch Day, it’s already got significant commitments from investors, CEO Atik said.\nBut the OrdinalSafe team was not the only group represented by developers with an Ethereum background, using Ordinals to find their footing in the Bitcoin community.\nEril Ezerel is the founder of Subjective Labs. His team of crypto-natives has been buildingBestinSlot.xyz, an Ordinals explorer that lets people track inscriptions, NFT-like assets on Bitcoin, as well as BRC-20 tokens.\nThe service currently tracks over 1,100 Ordinals collections, with names like Bitcoin Frogs, DogePunks, and BTC Virus. It also collects data on the more than 28,000 BRC-20 tokens.\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nEzerel described Ordinals as a horn—now that it’s been blown, people are coming back to crypto’s oldest coin en masse. A lot of people in his project’s Discord server are approaching Bitcoin with limited knowledge of how to use the network, he said, but they’re still passionate about the prospect of digital art and collectibles.\n“All day in Discord, we're dealing with NFT degens from Solana and Ethereum,” Ezerel said. There’s been a bit of a learning curve, he said: Lots of people have been asking for help buying Bitcoin inscriptions.\nOrdinals is in its infancy, and where the protocol goes is anybody’s guess, as people from throughout Web3 enter the Bitcoin fold. And even if Ordinals has its critics, many approve of the experimentation, Ezerel said.\nHe put forth the idea that Bitcoin miners are on board with Ordinals because of the increased transaction fees they receive for validating transactions. There are also major developers and Bitcoin owners that are supportive of the protocol, he noted.\n“Everybody's excited about it,” Ezerel said. “The Bitcoin maxi stuff, it's mostly in our heads.”", "Among the crowds at the Bitcoin 2023 conference in Miami last week were pockets of Ethereum developers, drawn to the world's biggest and oldest cryptocurrency by Ordinals.\nSeveral developers with roots in Web3 attended Bitcoin 2023 because of Ordinals,the protocollaunched earlier this year that’s taken Bitcoin by storm—sparking a wave of innovation, hype, and experimentation.\nOrdinalSafe, a self-custodial Bitcoin wallet built for Ordinals, was among the startups present with Ethereum in its veins. The majority of its development team has experience working with the second-largest token by market capitalization.\nThe startup participated in Bitcoin 2023’s “Pitch Day,” and it ultimately won second place in the competition’s infrastructure category. The endeavor was a notable achievement and memorable experience, said OrdinalSafe CEO Esad Yusuf Atik.\n“It's your first time on that stage, and you're trying to sell the vision of your product to other people, so you want to do a good job,” he said. “I was really nervous, but going to the stage for the prize, it felt great.”\nFeds Blacklist Tornado Cash, Ban Ethereum Mixing Tool in US\nAtik, a 22-year-old developer from Turkey, first caught the Web3 bug when he attended a hackathon in 2020. He, along with a couple of other members from the OrdinalSafe team, previously developed a protocol called Proof of Innocence under the firmChainway.\nBuilt for Tornado Cash—an Ethereum coin mixersanctioned by the U.S.last summer—Proof of Innocence is designed to help users prove they didn’t deposit funds into the privacy tool from a sanctioned wallet address.\nThe project “got really good attention,” Atik said, adding he and developers that worked on the protocol recently got to meet Ethereum co-founder Vitalik Buterin in Montenegro. He added that Buterin talked about Proof of Innocence on stage at the Community Ethereum Development Conference.\nBut, in February, Atik learned about Ordinals on Twitter and became transfixed. So, he and his fellow developers dove head-first into creating OrdinalSafe, ultimately leading the crew to Miami.\nNot all Bitcoiners see value in Ethereum—or any other coin, for that matter. At Bitcoin 2023, a few vocal conference-goersbooedBitMEX founder Arthur Hayes on stage when he told author Michael Lewis he “absolutely” owns Ethereum and other tokens.\n“Come on, guys. Y’all know you trade some PepeCoin,” Hayes said in response to the boos, referring to Ethereum’s amphibious meme coindu jour. “Don’t sit here like that.”\nAlong similar lines, a company called LayerTwo Labs invited attendees to smash piñatas resembling Ethereum, Solana, and Shiba Inu symbols at its booth. People urged Bitcoiners to “smash a shitcoin” like carnival barkers.\nBut despite any sense of BTC superiority permeating the air at Bitcoin 2023, Atik said that the conference’s crowd was welcoming.\n“Even though we came from an Ethereum background, it felt like home,” Atik said. “If you're developing on Bitcoin, you're part of the community, right?”\nWhether Ordinals itself is accepted by the Bitcoin community is entirely up for debate—as evidenced by tension on stage during “The Great Ordinal Debate.”\nThe conversation touched on whether Ordinals could be considered an attack on Bitcoin, assome critics say. Their argument: Experimental BRC-20 tokens, built using Ordinals, have put an enormous strain on Bitcoin’s network anddriven up transaction fees. BRC-20 tokens,pioneeredin March, are fungible tokens that exist on Bitcoin—comparable toERC-20tokens on Ethereum, like PepeCoin.\nBitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions\nThere was also discussion about projects that could potentially be built on Bitcoin using Ordinals, like a decentralized exchange. Matt Corallo, an Open Source Engineer at Spiral,expressed concernsduring the panel that new innovations with Ordinals could push Bitcoin miners more towardMEVto stay competitive and introduce centralization or censorship issues if not managed effectively.\nMEV, or maximal extractable value, refers to the value that miners or validators can derive from changing the sequence of transactions in a block as it’s being added to the ledger. While developers on Ethereum and other chains have spent years figuring out how to mitigate MEV’s negative aspects, it’s potentially a new hurdle for crypto’s oldest coin, said Corallo.\n“The Ethereum space has spent a lot of time doing this,” Corallo said, in terms of addressing MEV. “We do need to learn from that world, in so far as we’re building protocols that start to look more like that world. We absolutely do.”\nHas Proof of Stake Made Ethereum More Centralized?\nUdi Wertheimer of Bitcoin Wizards said it’s noteworthy that well-established Web3 tech and concepts have worked their way into Bitcoin-related dialogue, contrasting it with events held by Bitcoin Magazine in years past.\n“This year, we’re on [...] the main stage of Bitcoin Magazine talking about rollups, we’re talking about MEV, we’re talking about decentralized exchanges on Bitcoin,” Wertheimer said. “I don’t have the answers [...] but I think the culture is getting there.”\nBefore Bitcoin 2023, OrdinalSafe didn’t have any investors. But after the team’s performance during Pitch Day, it’s already got significant commitments from investors, CEO Atik said.\nBut the OrdinalSafe team was not the only group represented by developers with an Ethereum background, using Ordinals to find their footing in the Bitcoin community.\nEril Ezerel is the founder of Subjective Labs. His team of crypto-natives has been buildingBestinSlot.xyz, an Ordinals explorer that lets people track inscriptions, NFT-like assets on Bitcoin, as well as BRC-20 tokens.\nThe service currently tracks over 1,100 Ordinals collections, with names like Bitcoin Frogs, DogePunks, and BTC Virus. It also collects data on the more than 28,000 BRC-20 tokens.\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nEzerel described Ordinals as a horn—now that it’s been blown, people are coming back to crypto’s oldest coin en masse. A lot of people in his project’s Discord server are approaching Bitcoin with limited knowledge of how to use the network, he said, but they’re still passionate about the prospect of digital art and collectibles.\n“All day in Discord, we're dealing with NFT degens from Solana and Ethereum,” Ezerel said. There’s been a bit of a learning curve, he said: Lots of people have been asking for help buying Bitcoin inscriptions.\nOrdinals is in its infancy, and where the protocol goes is anybody’s guess, as people from throughout Web3 enter the Bitcoin fold. And even if Ordinals has its critics, many approve of the experimentation, Ezerel said.\nHe put forth the idea that Bitcoin miners are on board with Ordinals because of the increased transaction fees they receive for validating transactions. There are also major developers and Bitcoin owners that are supportive of the protocol, he noted.\n“Everybody's excited about it,” Ezerel said. “The Bitcoin maxi stuff, it's mostly in our heads.”", 'Though his presidential campaign launch was overshadowed by technical glitches Wednesday evening, Florida Gov. Ron DeSantis (R) laid out a sprawling vision for transforming the federal government and gutting the administrative state. DeSantis described a plan to vastly expand the role of America’s chief executive and tried to distinguish himself from former President Trump by painting himself as a results-oriented leader who cares more about delivering for his constituents than public fanfare and adulation. “Even my worst critics in Florida will acknowledge when I tell people I’m going to do something, I don’t make promises or say I’m going to do something lightly,” DeSantis said when asked how voters can know that he will keep his promises. In his campaign announcement, DeSantis said his administration would make major reforms to public health, immigration, education and bitcoin. “There’s a lot that the executive branch can do, and all I will say when it comes to these agencies [is] … buckle up when I get in there, because the status quo is not acceptable, and we are going to make sure that we reconstitutionalize this government, and these agencies are totally out of control. There’s no accountability, and we are going to bring that in a very big way.” Here’s what DeSantis said about the changes he would undertake across the federal government. Public Health DeSantis took aim at President Biden’s Covid-19 policies and said the health agencies that carried out his agency “need to be cleaned out,” calling for “a major, major overhaul of the whole enchilada with respect to public health in this country.” DeSantis has long touted his response to the pandemic as a national model for balancing economic interests with public health. However, Trump has argued that DeSantis was no better than some Democratic governors in terms of how quickly he shut down swaths of Florida’s economy. First we need an honest reckoning about what happened during COVID, and the only honest reckoning is that all of those agencies, all of the elites, the public health establishment, they failed. They instituted bad policies. Obviously it’s a novel virus, but I think what happened was when the data Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $513,120,316,306 - Hash Rate: 376858753.076624 - Transaction Count: 532373.0 - Unique Addresses: 738629.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Diversifying Company's Treasury with Decentralized Holdings via Bitcoin Toronto, Ontario--(Newsfile Corp. - March 31, 2023) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (" Cypherpunk " or, the "Company "), a sector leader for blockchain, privacy and cryptography focused investments, would like to announce update on the Company's strategy of treasury management. Board Resolution The Board of Cypherpunk Holdings has approved to diversify the company's treasury via decentralized cryptocurrency holdings. As part of its portfolio management strategy, the board has approved to allocate up to 40% of its current Net Assets to Bitcoin. To date the company acquired 69 Bitcoins for a total consideration of CAD $2.58m (USD $1.91m) The average price of Bitcoin was CAD $ 37,416 (USD $27,653). Jon Matonis, Chief Economist of Cypherpunk Holdings commented: "Bitcoin is in a secular bull market as it heads toward its 5th epoch with the halving estimated to occur sometime in early April 2024. However, this cycle also has some surprising tailwinds with Bitcoin beginning to decouple from its recent S&P correlation and establish an independent and powerful safe haven bid." Other Holdings: The Company maintains its other equity investments in Animoca Brands, Chia Networks Inc, ZkSnacks Ltd (dba Wasabi Wallet), NGRAVE, and Samourai Wallet. The company also owns approximately 2500 TH of mining hardware which continues to be operated under contract by MineOn LLC (dba MiningStore). About Cypherpunk Holdings Inc. Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE and GOAT. Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved". Forward-looking information includes, but is not limited to the Company's expectation or belief regarding its investment in shares of Animoca Brand and Animoca Brand's future performance or business. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements. Story continues Officer/Director Contact: Investor Relations Contact: Tony Guoga Chief Executive Officer [email protected] Office: 1-647-946-1300 Veronika Oswald Investor Relations [email protected] Office: 1-647-946-1300 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160812... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Toronto, Ontario--(Newsfile Corp. - May 26, 2023) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") announced today that it had completed several debt settlements and that the Corporation settled an aggregate of $735,343 CAD of secured debt owed to four creditors via the issuance of an aggregate 15,810,432 Common Shares. $652,575 CAD was settled via the issuance of 13,051,500 Common Shares at a price of $0.05 CAD per Common Share. $82,768 CAD was settled via the issuance of 2,758,932 Common Shares at a price of $0.03 CAD per Common Share. The Corporation settled the pricing for the $82,768 on April 4, 2023. The Debt Settlement will assist the Corporation in preserving its cash for working capital and to further advance its AI endeavors. About Bluesky Digital Assets Corp. Bluesky Digital Assets Corp, is building a high value digital enterprise. Bluesky in its startup phase, mined digital currencies such as Bitcoin and Ether and developed value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky has invested appropriate portions of its previous digital currency mining profits back into its operations. A percentage of the profit l was invested in the development of a proprietary Artificial Intelligence ("AI") based Blockchain technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to change, evolve, and scale. For more information please visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com . Please also follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/ . For further information please contact: Mr. Ben Gelfand CEO & Director Bluesky Digital Assets Corp. T: (416) 363-3833 E: [email protected] Story continues Mr. Frank Kordy Secretary & Director Bluesky Digital Assets Corp. T: (647) 466-4037 E: [email protected] Forward-Looking Statements Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor. - 30 - To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167788', 'Toronto, Ontario--(Newsfile Corp. - May 26, 2023) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") announced today that it had completed several debt settlements and that the Corporation settled an aggregate of $735,343 CAD of secured debt owed to four creditors via the issuance of an aggregate 15,810,432 Common Shares. $652,575 CAD was settled via the issuance of 13,051,500 Common Shares at a price of $0.05 CAD per Common Share. $82,768 CAD was settled via the issuance of 2,758,932 Common Shares at a price of $0.03 CAD per Common Share. The Corporation settled the pricing for the $82,768 on April 4, 2023. The Debt Settlement will assist the Corporation in preserving its cash for working capital and to further advance its AI endeavors.\nAbout Bluesky Digital Assets Corp.\nBluesky Digital Assets Corp, is building a high value digital enterprise. Bluesky in its startup phase, mined digital currencies such as Bitcoin and Ether and developed value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky has invested appropriate portions of its previous digital currency mining profits back into its operations. A percentage of the profit l was invested in the development of a proprietary Artificial Intelligence ("AI") based Blockchain technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to change, evolve, and scale.\nFor more information please visit Bluesky at:www.blueskydigitalassets.comorwww.blueskyintel.com.\nPlease also follow us on Linkedin at:www.linkedin.com/company/bluesky-digital-assets/.\nFor further information please contact:\nMr. Ben GelfandCEO & DirectorBluesky Digital Assets Corp.T: (416) 363-3833E:[email protected]\nMr. Frank KordySecretary & DirectorBluesky Digital Assets Corp.T: (647) 466-4037E:[email protected]\nForward-Looking Statements\nInformation set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.\n- 30 -\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/167788', "Participants Clark S. Soucy; IR Director; Canaan Inc. James Jin Cheng; CFO; Canaan Inc. Nangeng Zhang; Chairman & CEO; Canaan Inc. Jiaer Zhu; Research Analyst; China Renaissance Securities (US) Inc., Research Division Jiaji Song Kevin Darryl Dede; MD of Equity Research & Senior Technology Analyst; H.C. Wainwright & Co, LLC, Research Division Michael Frederick Legg; Senior Equity Analyst; The Benchmark Company, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to Canaan's Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we will have a question-and-answer session. Please note that this event is being recorded. Now I would like to hand the conference over to your speaker host today, Mr. Clark Soucy, Investor Relations Director of the company. Please go ahead, Clark. Clark S. Soucy Thank you. Hello, everyone, and welcome to our earnings conference call. The company's financial and operating results were released by Newswire services earlier today and are currently available online. Joining us today are our Chairman and CEO, Mr. Nangeng Zhang; and our CFO, Mr. Jin Cheng James. In addition, Mr. Leo Wang, IR Senior Director; and Ms. Xi Zhang, IR Manager, will also be available during the question-and-answer session. Mr. Zhang will start the call by providing an overview of the company and performance highlights for the quarter. Mr. Cheng will then provide details on the company's operating and financial results for the period before we open the call up for your questions. Before we continue, I would like to refer you to our safe harbor statement in our earnings press release. Today's call will include forward-looking statements. These statements include, but are not limited to, our outlook for the company and statements that estimate or project future results of operations or the performance of the company. These statements speak only as of the date hereof, and the company assumes no obligation to revise any forward-looking statements that may be made in today's press release, call or webcast, except as required by law. These statements do not guarantee future performance and are subject to risks, uncertainties and assumptions. Please refer to the press release and the risk factors and documents we file with the Securities and Exchange Commission, including our most recent annual report on Form 20-F for information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements. In addition, during today's call and webcast, we will discuss both GAAP financial measures and certain non-GAAP financial measures, which we believe are useful as supplemental measures of the company's performance. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP results in our earnings press release, which is posted on the company's website. With that, I will now turn the call over to our Chairman and CEO, Mr. Nangeng Zhang. Please go ahead. Story continues Nangeng Zhang Hello, everyone. I'm Nangeng, the CEO of Canaan. Thank you for joining our conference call. James and I are at the company's headquarters in Singapore, sharing the quarterly report conference call with you. Compared to Q4 of previous year, Q1 of 2023 has brought more hope to become mining industry. Although the Bitcoin price still fluctuates, it has generally stepped out of the bear market as is shown an upward trend. The confidence of miners has gradually recovered and decoupled with the traditional peak season in the first quarter, there are signs of our revival in purchasing demand. Although the purchasing power of large miners is still limited by cash flow phase of facility construction and the financing environment. This has not affected the positive trend of the market. (inaudible), the selling price in the mining machine market is still declining, and the first quarter is still in a bad market state. In this ever-changing market environment, we believe that maintaining strategic continuity and timely adjusting tactical decisions according to market economics are equally important. In other words, we need to keep investing in business and assets that bring long-term value while also carefully handling our company's balance sheet. I would like to introduce to investors the 4 strategic focuses that we have been concentrating on and our actions in this area. First, we insist on long-term R&D and production capacity investment. Second, we continue to develop and improve our market sales system to connect and assist global customers. Third, we have adhered to our own mining strategy, overcome difficulties and continue to expand mining deployment. Finally, we maintain a solid balance sheet and accumulate valuable assets with great potential. I will elaborate on these 4 points one by one. Firstly, we are committed to R&D and production capacity. Product development and capacity assurance remain our major input and investment in the first quarter of 2023. The specific data will be shared by James later. The technology and the product-oriented company, the importance of product powers our industry is self-evident. We always put product development first. As mentioned in the last financial report, our latest generation A13 series Mining Machine was introduced in the industry's winter in late October last year. We insisted on maintaining close cooperation with upstream foundries, max producted in the first quarter and the further improve the yield and the computing power efficiency through technical adjustments and process improvement. Our A13 series has reached and exceeded our product design expectations in terms of yield rate and actual performance. In the first quarter, we have achieved stable supply actual uses by customers, the excellent computing power, power consumption and the quality of A13 series has also been recognized and the shipment of volume has grown rapidly. Whether in a bear market or bull market, we always insist on integration and strive to make the best mining machines. Even when A13 series was not yet much productive and the market was at its most bearish, our new product deployment -- development was always in full swing. We are well aware that the market requires the performance of mainstream products to take a big step forward about every half year, and we must keep up. And the continuous launch of new products opening continued supply chain investments. In the first quarter, our mass production and investment in the supply chain exceeded USD 50 million. I believe that our efforts and resource input will pay off in the subsequent product performance improvement and supply chain stability. Secondly, we are dedicated to developing and enhancing our sales system to reach global customers. The industry we are in is a fast-growing and unpredictable. In each bear full-cycle, the industry and the goals reshuffling, with someone of us leaving and the new ones joining. As mangers continually stick and develop standard chip energy worldwide, transforming listed energy into reusable power, both the identity and location of miners are constantly changing. Starting from the first quarter of this year, we accelerated the construction, development and the improvement of our comprehensive international sales system. Our sales system is now divided into 3 parts: large clients, channels and retail. And it is assisted by online stores and original business development, allowing us to better reach and convert customers worldwide. In the first quarter of 2023, the overall industry was affected by inventory, competition, financing conditions and cash flow. Although sales volume in the mining machine markets showed a slight recovery compared to Q4 of 2022, we still remain in a bear market with a continuous decline in average selling price of computed power. A series of small and medium-sized bank failures in the U.S. late in the quarter also had some impact causing delays in payment and shipment for some orders. These factors resulted in less the IBO sales revenue for this quarter. We achieved total sales of 4.22 million terahashes per second sequential growth of 126.8%, but the total quarterly revenue of RMB 55 million was below our expectations. However, we also see positive aspects. Overall demand from large clients in U.S. fluctuated. Our expanding sales system quickly sees many sales opportunities in other regions. With the total number of purchase orders rising to over 500 in Q1, in the first quarter, we actively developed sales channels in Southeast Asia and established cooperation with local distributors in Thailand and Malaysia for the first time. Our online store targeting overseas retail customers attracted orders from about 20 countries include first-time contracts in several countries such as Greece, Netherlands, Argentina, Brazil, Mexico and the Philippines. As we enter Q2 and the market (inaudible), the intensive and active efforts we implemented in Q1 are starting to show more results. For instance, we recently signed a contract order of 11,000 units of our A13 product with Cipher, a publicly listed institutional mining clients in North America. Before that, the contract we assisted the contract alliance to conducting extensive on-site tests for our products at their mining site in Texas. The client ultimately recognized excellent performance of our A13 series products under relative extreme weather conditions. Recently, we have also signed a series of large-scale contract orders for an additional 36,000 mining machines in other regions, which are expected to be delivered in the section before the end of the fourth quarter of 2023. The recent appearance of these large contract orders across the multiple markets confirm that our business and product strategies are correct. Lastly, the return of contract sales orders will also help us improve our cash flow situation. Thirdly, we speak our mining strategy and continue to expand our mining deployment. Since the company started mining operations in the second half of 2021, we have faced many challenges. Despite this, we have firmly established mining as the strategic priority and the secure place for ourselves in the global -- rapidly developing industry of Bitcoin mining. In the first quarter of 2023, the profitability of mining improved due to recovery of Bitcoin prices and (inaudible) that were forced to shut down in the fourth quarter of 2022 were able to restart operations. This quarter, we produced 476 Bitcoins, contributing a mining revenue of USD 11 million, a slight increase from the previous quarter and a new record high. We are continuously exploring more mining opportunities in different regions and reducing our comprehensive mining operation costs. Even though the total network computing power is still rising, the increase in Bitcoin price and the recent industry events like BRC20 have boosted money income during certain periods. We anticipate that the company's mining income will reach a new high in the second quarter. As of March 31, 2023, we have deployed the computing power of over 5 exahash per second to our mining sites. However, due to severe cold weather and contract execution issues, the total power installed is over 4 exahash per second. This figure is lower than our forecast in the previous quarter's financial report. We will continue to strive to improve our deployment, deploy computational power data with our cash flow and operational capabilities. Lastly, we are dedicated to maintaining a healthy cash flow and accumulating assets with strong growth potential. Canaan has just completed a full decade from this instruction in early 2013 to the first quarter of 2023. We weathered many market ups and downs, and have gained some unique experience in managing our balance sheet. In the first quarter of this year, our prediction about the price of Bitcoin was mostly accurate, but the sales of our mining machines proved to be more difficult. We achieved improvements in sales and the return of contract sales orders in the second quarter, which continued to contribute our revenue and cash flow. This also was noting that the healthy and stable supply chain resources we accumulated over the years have helped us to seize opportunities to mass produce and deliver mining machines at a price of Bitcoin prices. Meanwhile, our Bitcoin assets continue to grow. Once again, we emphasize our strategy of holding Bitcoins. Bitcoins generated from mining are only used to pay for direct operation costs such as electricity. Our self-developed and self-produced mining machine products and the mining power deployed to the mining site are important assets for producing Bitcoin, contains huge growth potential at decent price continue to rise in the medium and long term. In some cases, already deployed mining machines can be restored with warranties. In this brand-new industry, we are making history every day. Even for me, the first quarter of 2023 was a challenging start. The uncertainty in the reality has made our performance left ideal. However, our direction has not divided significantly. Since the second quarter, although the price of Bitcoin has not risen sharply, the company's original results have been more positive, which is the result of the hard work of all Canaan employees. However, we must also see that the current economic environment is not optimistic. The cloud of uncertainty still roams over us and the price of Bitcoin may still continue to fluctuate. At least, in the United States, the financing ability and the processing power of miners in large miners' farms have not yet recovered. Coupled with current situation where industry inventory has not yet been completed or the decision has not yet been completed, both sales prices and the gross profit will continue to be concentrated. Based on the above comprehensive situation, we are extremely cautious about expectations for the second quarter of 2023. The revenue for the second quarter of 2023 is expected to be about USD 72 million. This forecast is based on the current market and operating conditions of the company and actual [statutory measures]. In the final section, I would like to share some new insights on my personal beliefs about decentralization and Bitcoin. We open here thoughts about the utility of Bitcoin. In fact, the use of Bitcoin is complementary in the development of new technologies and this function of a medium of payments and value of storage has never changed. Over the past 10 years, the 2 pieces of power leading to Web3 has been largely completed, namely blockchain-based digital currencies and the smart contract technology. In our last earnings call, someone asked me whether I'm thinking Bitcoin is a risk asset. I spoke more about this question since then. In the short term, Bitcoin indeed shows some characteristics similar to risk assets. But in the medium term, Bitcoin should be seen as a powerful hashing tool against system risk and -- in a region in the current global financing system and even as a tool against global, political and economic uncertainties. This isn't hard to understand. But in the long term, in the new information driving work of Web3, blockchain-based digital currencies are likely to become mainstream applications and have broader prospects. Once I had a long discussion with GPT 4 about the future of AGI becoming mainstream in the world. I'm almost certain that AGI will be the last piece of puzzle of Web3. The final creation of Web3 will be decentralized individually distributed AI system. At that time, digital currency and smart contracts based on blockchain, we will reshape the financing system of the new world on the basis of cost success. Most trustworthy, efficient, transparent, greatly improving the level of productivity and promoting the process of the entire societies. Today, we are a provider of computing power products and services in the blockchain industry. Going forward, I hope to further expand our technology and have opportunity to participate in the broader changes in the future, bringing value to customers with computing power products and services and support the progress of society. This concludes my prepared remarks. Thank you, everyone. I will now turn the call over to our CFO, James. Thank you. James Jin Cheng Thank you, Nangeng, and good day, everyone. This is James speaking in our Singapore headquarters. Firstly, I would like everyone to notice that we have changed our reporting currently. Starting from January 1, 2023, we decided to change our reporting currency from renminbi or so-called Chinese Yen to U.S. dollars. The change of the reporting currency will better illustrate the results of our global sales and is another important step in our internationalization strategy. We have applied the change of reporting currency retroactively to our historical results of operations and financial statements. It will also be easier for our investors to read and analyze our financial reports in 1 currency. As Nangeng started the call with the first quarter of 2023 was challenging due to the revised but still weak market demand and declining selling price. From company perspective, we are committed to maintaining our strategic continuity. We kept investing in R&D and production capacity. We developed and upgraded our sales system to reach global customers, we continued to expand our mining deployment, and we strive to maintain a healthy cash flow and accumulate assets with strong growth potential for our shareholders. Overall speaking, in quarter 1, total revenue generated was USD 55.2 million, which did not meet our guidance of USD 65 million. The gap consisted of approximately USD 6 million in machine sales and USD 4 million in mining business. Let's begin by discussing our machine sales. Our revenue of mining machine sales was USD 43.7 million in this quarter, 7.6% lower than USD 47.3 million for the last quarter. In the first quarter of 2023, the industry was affected by inventory competition, financing environment and cash flow, and the average selling price of computing power continued to decline. We actually increased our sales volume in computing power, reaching 4.2 million terahash per second with a substantial increase of 126.8% compared to Q4 last year. However, the average selling price dropped to $10 per terahash per second as we needed to adjust our prices in line with the overall market for Bitcoin mining machines. Additionally, affected by a series of U.S. bank failure events in mid-March, payments and shipments of some orders have been delayed. After that period, we received more orders and recorded customer advances of USD 8.3 million at the end of March. This laid a good foundation for the machine sales revenue in the second quarter. Our gross profit for mining machine sales was USD 5.2 million and our gross margin rate for mining machine sales was 11.9% in this quarter. Turning to our mining business. Our mining revenue was USD 11 million in this quarter, 3.3% sequential increase compared to USD 10.7 million in quarter 4 last year. It's a new record high. However, this revenue did not meet our expectations. We temporarily shut down the machine at several mining sites during January due to low Bitcoin prices. We believe this was a necessary measure to minimize operating losses. This had an impact on the quarterly mining revenue results. In this quarter, our total deployed hash rates reached more than 5 exahash per second, and our installed hash rates reached more than 4 exahash per second. We mined 476 Bitcoin in this quarter and achieved 19.8 Bitcoin for mining profit. Gross profit was USD 0.2 million for our mining business in this quarter. Please notice here that mining profit or loss is defined as a proportion of mining revenue, deducting costs for energy and hosting in terms of mining revenues without consideration of depreciation. Now talking about our AI business, we recorded USD 0.41 million for AI revenue in this quarter. It is 68.6% increase compared to USD 0.24 million for quarter 4. The sequential revenue growth was mainly driven by the increased sales volume for AIoT customers. Switching to the expense. Our R&D expenses stood at USD 19.1 million in this quarter compared to USD 33.4 million in the last quarter and USD 15.2 million in the prior year period. The quarter-over-quarter decrease was due to the one-off expenditure for our new generation chip incurred in the last quarter. Excluding this one-off expenditure impact, our R&D expenses remained stable sequentially. The steady year-over-year growth reflected our continuing commitment to building our talented R&D team. Our sales and marketing expenses were USD 1.5 million compared to USD 1.1 million in the last quarter and USD 3.0 million in the prior year period. Sales commissions reduced year-over-year because of revenue downsizing. Our general and administrative expenses in this quarter were USD 17.6 million compared to USD 24.6 million in the last quarter and USD 19.8 million in the prior year period. The decrease was mainly due to USD 2.6 million of realized gain on Bitcoin sold in this quarter for electricity costs, which offset our G&A expenses. Please note when we do disposal of Bitcoin, the gain or loss amount booking value will be recorded into G&A. The net result of the foregoing was an operating loss of USD 85.7 million for this quarter, which is 31.4% narrower than the last quarter. The net loss was recorded at USD 84.4 million, which is 8% narrower than the last quarter. It is important for us to keep our eyes on the cash flow. We held cash and cash equivalents of USD 72 million at March 31. As our CEO shared, we committed to securing future production capacity during this quarter. We spent USD 53.9 million to secure wafer supply and machines production. Other cash payments included USD 28.6 million for operations and USD 4.7 million in the tax expenses. Please note that as we paid the year-end bonus in January, the outflow of operation was higher than usual run rate. The cash out totaling USD 87.1 million was net off by inflows of USD 54.8 million from sales and the proceeds of USD 3.1 million by the ATM facility. Turning our attention to our Bitcoin assets. We held 623 Bitcoin as of March 31, decreased from 757 Bitcoins by the end of 2022. First, we mined the 476 Bitcoins in this quarter. In order to reduce the effect of Bitcoin price fluctuation on the profitability of our mining business, we implemented a pre-change plan in this quarter. That is at the beginning of each month, we would exchange Bitcoins to U.S. dollars based on the current price in advance for the monthly electricity costs. This new process eliminated possible risks triggered from significant Bitcoin price fluctuations. In total, we exchanged 699 Bitcoin for the electricity cost in this quarter. This aforementioned resulted in a decline of 134 Bitcoin quarter-over-quarter. It is a onetime change. From March 7, 2023, the date we reported our financial results for the fourth quarter of 2022 to May 25, 2023, we utilized the ATM for a small amount of fundraising to tax the financing facility. During the above period, we sold 1,532,219 ADSs with net proceeds of approximately USD 4.2 million at an average price of USD 2.73 per ADS. We executed the above sales within 10 trading days in March and we did not utilize the ATM after March 31. From March 7, 2023, the date we reported our financial results for the fourth quarter of 2022 to May 25, 2023, we did not purchase any ADS back. In future, we will prioritize our shareholders carefully monitor cash flows and stock prices and practically execute ATM or stock repurchase. In quarter 2, we anticipate the revenue of USD 72 million, a 30% increase from quarter 1. Despite the market's gradual recovery, we have secured some contract sales orders from major clients and distributors. This has bolstered our cash flow and allowed us to invest in strategic areas of focus. However, it is important to note that we operate in a dynamic market with uncertainties. So our estimation reflects our current perspective and understanding of the operation. Now I would like to briefly walk you through our financial results for the quarter. Revenues in the first quarter of 2023 were USD 55.2 million as compared to USD 58.3 million in the fourth quarter of 2022 and the USD 201.8 million in the same period of 2022. Gross loss in the first quarter of 2023 was USD 47.5 million compared to a gross loss of USD 64.1 million in the fourth quarter of 2022 and a gross profit of USD 123.5 million in the same period of 2022. Total operating expenses in the fourth quarter of 2023 were USD 38.1 million compared to USD 60.8 million in the fourth quarter of 2022 and USD 38.0 million in the same period of 2022. Loss from operations in the first quarter of 2023 was USD 85.7 million compared to a loss from operations of USD 125.0 million in the fourth quarter of 2022 and the income from operations of USD 85.4 million in the same period of 2022. Net loss in the first quarter of 2023 was USD 84.4 million compared to a net loss of USD 91.6 million in the fourth quarter of 2022 and a net income of USD 65.1 million in the same period of 2022. Basic and diluted net loss per ADS in the first quarter of 2023 were USD 0.51. As of March 31, 2023, the company had cash and cash equivalents of USD 72.0 million. This concludes our prepared remarks. We are now open for questions. Question and Answer Session Operator (Operator Instructions) Your first question today comes from the line of Kevin Dede from H.C. Wainwright. Kevin Darryl Dede I was wondering if you might be able to offer a self-mining hash rate target for the year, maybe disclose a little bit on what you're seeing in terms of the availability of hosting sites? And then secondly, I was hoping you could share a little bit more geographic information on equipment sales. It's very comforting to see that sales are growing outside of North America. And I was wondering if you might be able to segment sales from Asia, North America and European framework. Nangeng Zhang As we mentioned, as of March 31, the deployed computing power at our mining farms exceeded 5 exahash per second. However, in the first quarter, the install of computing power was lower than expected due to weather conditions and the contract execution issues, resulting in total installed hash rate was over 4 exahash per second. In the second quarter, we entered into a mining partnership with Stronghold in early May, which involved 4,000 mining machines, which is a total capacity of 0.4 exahash per second. At the same time, we are also exploring more mining partnership opportunities in regions with abundant energy resources around the world. Our mining business has expanded into many geographical regions where we had no premise present. The local critical economic and infrastructure conditions in these areas are complex and subject to change, which cause changes to our discoordination and development efforts. This further attacks our team's operational capabilities and ability to adapt to changes. And therefore, we have a more conscious outlook on mining expansion. We currently estimate that the installed mining hash in Q2 will be around 4.5 exahash. This forecast is based on the current operating conditions and the actual situation may be different. Mining is a long-term strategic focus for us, and as it complements our mining machine sales business and allow for the effective utilization of more inventory, we will actively and [pro gently] collaboration of alternatives negotiated terms of cooperation, and strive to continuously increase the stock mining habit to generate Bitcoin mining. James Jin Cheng Yes. I will take the second question from Kevin. It's about the geographical situation of the mining industry. I think the leading market is still United States, but it looks like the inventory no matter new machines or secondhand machines are still quite sufficient inside the whole North America market. So it looks like the more opportunities come from Southeast Asia, Middle East and even South America market. And we noticed some retail customers are ordering machines even from Africa and from Western Europe. I think it depends on the energy of the local-level usage. I think the mining business will grow as we expected to global level and more and more areas will join this mining business. And it will rapidly change because of different locations may have different regulations coming out related to mining. But from our perspective, we would like to seize all kinds of opportunities, especially like in this quarter, we had the connection with Malaysia and Thailand distributor, which enabled us to touch the customers locally in those 2 countries. We will develop more, as CEO said, build up our sales channels to make sure we get in touch with our customers locally. And we also would like to continue the dialogue with big clients in North America. Cipher is just beginning of us. So we have confidence to discuss more customers -- discuss with more customers and let them enjoy the A13 series machines for their mining purpose. So I hope that answers your question, Kevin. Kevin Darryl Dede Yes. So phenomenal. I really appreciate the detail. I hear great things about the A13, but I cannot leave the call without hearing from Nangeng what Bitcoin price is going to be this year. Nangeng Zhang Okay. I think short term, I think that we have no need to do midterm or long-term prediction of Bitcoin. But for short term, I think the Bitcoin price is related to the economical environment, especially for U.S. So I think you know the answer. I think you know the numbers. Yes. I hope that will arise in the second half of this year, [I close my scissors]. Operator Next, we have the line from Jiaji Song from Guosheng Securities. Jiaji Song (foreign language) So I want to ask that please which new deals produce new progress and application scenarios of the company's AI age computing chips? Nangeng Zhang Okay. (foreign language) I recently -- it's an AI industry represented by products like ChatGPT has revealed an important part. The reason -- I think the reason why the AI industry has most evolved as -- developed as expected over the years is not due to AI sales, but rather like many other industries, it is the result of contradiction between the users' expectations for the product capabilities and what the industry can provide at a certain cost. When AI products can truly bring significant benefits to users, then you see the result. So service is very positive. Therefore, I'm currently risk-extracting the company's AI department and business to ensure that our technology and investments can embrace the future of AGI, artificial general intelligence, I mean, word in the short to medium. But in the short-to-medium term, we believe that an important function of AIoT and EDGE AI is to convert real-world like immediate storms and sensor data into text and code or code information that can be understood by large time remodels like ChatGPT. While complex decision-making is not a stress for EDGE AI today. We're the large energy model to excel. Our K230 chip has highly efficient EDGE AI capabilities and advantages in terms of low cost and low power consumption. Therefore, we are adjusting the direction of our product locations to adapt to this trend. In the long run, as I mentioned in the CEO remarks, I will explore ways to horizontally expand our technology and participate in future and broader transformations. We aim to bring value to our customers through more general purpose computing power products and services and support society progress. Jiaji Song (foreign language) Is there any upside to the company's mining business going forward due to the very high transaction fees (inaudible)? Nangeng Zhang Yes, I think according to Satoshi Nakamoto's vision, transaction fees will become an important component for miners' income after (inaudible). It appears that the industry is developing as expected. So recently, due to events like BRC20 on the increase in Bitcoin transaction fees has been beneficial for both miners and our mining business. Situation where the network's total computing power remains constant, miners can earn more mining fees. So we hope that miners and ourselves can improve our financial situation and that our customers can recover their purchasing power more quickly. Jiaji Song (foreign language) Overall, as your company has a growing supply of recording on your balance sheet, what is your strategy for potentially selling them? Nangeng Zhang Currently, we do not have any plans to sell our Bitcoin. And there are several reasons for that. Firstly, our mining operations are still in the early stages of scaling up. So we have been focused on the development. You may notice that we do sell mining Bitcoin to cover our mining facilities, the electricity costs, which helps minimize our cash outflow. Regarding whether we will sell the Bitcoin, we hold to profit from future price appreciation. We have recently heard this question from several investors. We have had many internal discussions on this topic. But due to our belief that Bitcoin is undervalued combined with our long-term confidence in its global adoption, we are currently not considering sales in our Bitcoin in the upcoming quarters. If the price of Bitcoin experienced a significant increase, we will revisit this topic and evaluate. Operator Next up, we have the line from Mike Legg from The Benchmark Company. Michael Frederick Legg Could you comment a little bit about the Cipher 11,000 unit sale plus you mentioned to have about 36,000 units being sold? Can you comment on what you're seeing from a pricing environment with that and how margins are holding up there? James Jin Cheng Thank you, Michael. This is James. I think, yes, recently, we have secured more large scale orders, including the agreement with Cipher, 11,000 machines. I personally joined the meeting with Cipher team in New York and also in Singapore. Honestly, I really like their strategic ambition and their professional execution capability. So I'm happy to consider our A13 series very suitable for their new mining operation in West Texas. I think the deal benefits both Cipher and the Canaan. In terms of the price trend about the whole current price environment, it looks like the customer demand is coming back step by step. It looks like the inventory of the market, no matter new machine or secondhand machines are still quite sufficient, especially in North America. So the price did not come up. Instead, in quarter 1, we saw the price going down. So it looks like currently, the demand is getting back, but the price is still low. It looks like the Bitcoin price continue to increase a little bit with some turbulence recently. But we still anticipate in the coming months, Bitcoin price could be coming up again. With that trend, the selling price has challenged to going up. But currently, nobody can assure that. So I just let you know that, frankly express myself and let you know my thinking. Michael Frederick Legg Just a follow-up. Can you comment on the inventory, which -- how much of it is finished goods versus raw materials chips? And then also, how long do you depreciate your mining equipment for on the core mining site? Nangeng Zhang Currently, I think looking at the overall situation in the mining machine market, customer purchasing demands have partly recovered, and also reflected a significant growth of 126.8% in the company's first quarter computing power sales compared to the previous quarter. However, I think the financial situation of miners is still not optimistic. So the last purchasing power. On the other hand, the market inventory supply is relatively by the selling price mining machines remains at a low level. I think compared to the end of December, we have seen a rebound in the comprise in the past over 1 quarter. This has got better mining profit to miners and help improve their financial situation. So in the industry cycle, some miners have -- and they're going with restructuring and the new miners continue to enter the market, driving the continuous increase in the network computing power. As mining from construction gradually completes and the weather in the northern hemisphere works up, leading to abandoned hydroelectricity resources, it is expected to future stimulate the demand of computing power and provides part of the selling price. Let's see. James Jin Cheng I think, Michael, you asked about the depreciation of our mining machines deployed in the mining farms. Actually, it's 18 months as our depreciation policy. Usually, we -- after 18 months, the order depreciation will be completed. And about the inventory combination, I should say, the finished goods are not that huge inventory, it's less than 50% of the total inventory we put and also some steel wafers and steel chips. And it takes time to assemble those materials in 2 machines. So, so far, we also control the speed of the assembling, make sure the inventory is just sufficient, not too much to increase the storage costs or too small to have shortages. So I think that's our inventory status. I don't know if I answer your question, Michael? Michael Frederick Legg Yes, that was perfect. Operator Our last question comes from the line of Jiaer Zhu from China Renaissance. Jiaer Zhu Coming to A13 series. I just want to know where is the estimated revenue contribution for A13 series product this year? And also in terms of the pricing strategy, do we see any increased room were ASP per test in Q3 or Q4? That's my first question. James Jin Cheng I think this is a very specific question about the A12 and A13 series. We have this transition period to try to clear the inventory of A12 model and also the A13 series after the launch, the customer's bets and also they start to place orders in quarter 1. It looks like the performance of A13 service is better than what we expected. In quarter 1, the total revenue of A13 series is already occupying like 47% of total machine sales revenue. So we have confidence that in quarter 2, A13 series were definitely becoming our biggest revenue source. And for A12 series, I think our target is trying to clear the inventory before end of quarter 3. But of course, as soon as possible, we do have a very low price for A12 currently. About our price strategy in the coming quarters, I think as previously mentioned, the demand currently is still in a weak level. And it looks like we need time to collect the demand back and also getting the price to come back to normal. So I think quarter 3 will be the quarter we see the price going up most likely. We hope -- hopefully it will happen. And we also consider there is a possible increase of A13 series price. But currently, in quarter 2, we didn't do that because the market inventory digestion is still ongoing. So hopefully, in quarter 3 and quarter 4, we can see more positive changes. That's my answer. Jiaer Zhu I have a follow-up because I remember that last quarter call, we mentioned that we expect maybe A13 series will account for 70% to 80% of total revenue in -- for the whole year. So just wondering if this number will improve a little bit given the better performance on A13 series product. James Jin Cheng Yes. Currently, I still think A13 series could be higher than 70% of the total year sales because like in quarter 4, if we -- if our projection about the Bitcoin price is very correct, then in quarter 4, it will become a peak season. At that time, A13 series will have good sales in quarter 4. So during the whole year, I still think A13 series could be 70% to 80% of total sales. And yes, and I think let's hope it happen because the price can even have an upside that will be better. Thank you. Jiaer Zhu Okay. Got you. And my second question is in terms of the mining business revenue contribution. I know that in first quarter, the revenue contribution was to around 20%, right? So just wondering, in a longer-term basis, what's the reasonable revenue mix is? How should we think the reasonable revenue contribution for mining business, maybe in a longer-term consideration? James Jin Cheng Yes, Venis, I think this is a very good question. From a company, we do both machine sales in semiconductor design field and also to mining business. I think from our current view is like our mining revenue is about 20% of the total business. We expect it to remain within the range like 15% to 20% in the future. Of course, we should try our best to expand our deployed machines and increase our hash rate in future. But I think the thing is based on -- we can sell more machines rather than quarter 1. It looks like in quarter 1, machine sales, we are still in the bear market that makes 20% of mining business. And actually, from a long-term perspective, my personal view is that it should be like 20% to 30% in our total business. We are still a company measured in doing -- in manufacturing and design machines. And then the mining business will continue to grow, but we will leave more room to our customers in a modest way. Operator There are no further questions now, I'd like to turn the call back over to the company for any closing remarks. Clark S. Soucy Thank you again, everyone, for joining our call today. If you have any further questions, please feel free to reach out to us through the contact information provided on our website. And thank you again. Operator Thank you. That concludes today's call. Thank you, everyone, for attending. You may now disconnect.", "Participants Clark S. Soucy; IR Director; Canaan Inc. James Jin Cheng; CFO; Canaan Inc. Nangeng Zhang; Chairman & CEO; Canaan Inc. Jiaer Zhu; Research Analyst; China Renaissance Securities (US) Inc., Research Division Jiaji Song Kevin Darryl Dede; MD of Equity Research & Senior Technology Analyst; H.C. Wainwright & Co, LLC, Research Division Michael Frederick Legg; Senior Equity Analyst; The Benchmark Company, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to Canaan's Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we will have a question-and-answer session. Please note that this event is being recorded. Now I would like to hand the conference over to your speaker host today, Mr. Clark Soucy, Investor Relations Director of the company. Please go ahead, Clark. Clark S. Soucy Thank you. Hello, everyone, and welcome to our earnings conference call. The Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,626,457,212 - Hash Rate: 357153720.2360163 - Transaction Count: 471633.0 - Unique Addresses: 672783.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate? Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin. Dalio has soured further on Bitcoin since the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin's status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out. In contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth. Dalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold. One of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold's price has remained relatively stable, providing investors with a more secure option for preserving their wealth. Story continues Another concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In a recent podcast , he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own. As governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin's value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things like volatility and fear in the markets, making it a popular tool for diversification and hedging. Investors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check out Benzinga’s Precious Metals Hub to master the sector and discover the best precious metals trading platforms. Check Out More Precious Metals Articles From Benzinga: Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again 3 Things You’ll Want if Sht Hits the Fan Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . This article Bitcoin vs. Gold: Here's What the Founder of the World's Largest Hedge Fund Would Choose originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/Makeshiftsthename', 'Good Afternoone Regards', 10, '2023-05-27 00:07', 'https://www.reddit.com/r/wallstreetbets/comments/13spyd1/good_afternoone_regards/', "Good Afternoon Fellow Regards\n\nAs expected the news broke that the fed most likely is leaning towards another hike, Yellen stated the real debt deadline isn't the first, and option interest in terms of GEX and DEX are still bullish. What would we expect to see in the upcoming day? \n\nThe market began to rally on the narrative that rates would get paused. If you ever read or heard the speech that John Williams (Federal Reserve chairmen) gave in 2018 you would know that it was a bunch of bs thrown at retail in order for them to eat it up. I am obviously positioned bearishly and have been taking the blunt force of it all stupidly. But I still have faith and hope in that draw down.... there is no real reason for the rally, the only promising narrative is the AI narrative. It has some pros to it and even I use it for work. However, the narrative of how AI will transform the world is stupid if not malicious. They are preying on all of the innocent people believing that a glorified search engine will provide revolutionary work. All while ChatGPT couldn't even tell me what day it was, what it's opinion was, and how to make roaring kitty money from it all. \n\nMaybe, my bearish position is stupid and trust me.... has costed me tens of thousands, but I just don't see the bull market hype. Technicals have been shifting to the point of stupidly bullish but even then would I rather risk taking a long on a glorified search engine or just liquidate my positions and yield the 5% I can from a money market? \n\n\n\nBackground about me: I am one of the original Roaring Kitty viewers and helpers to form the thesis on (stock that cannot be mentioned). Don't believe me? Go rewatch the YouTube videos... I was a btc, eth, tsla, shop, (stock that cannot be mentioned), and many more names that ran up exponentially bull. I am now more of a losing regard since I've lost plenty of it because of a hypothesis I had with NFTs and also my recent big short, but I'm holding true to my thesis and trying to recover from a beating.", 'https://www.reddit.com/r/wallstreetbets/comments/13spyd1/good_afternoone_regards/', '13spyd1', [['u/alohaguy808', 14, '2023-05-27 00:37', 'https://www.reddit.com/r/wallstreetbets/comments/13spyd1/good_afternoone_regards/jlr7sg6/', 'Be patient. Soon this subreddit will be flooded by bulls posting massive losses and wanting advice for getting out of paying the IRS with money they no longer have. Happens every hype cycle.', '13spyd1']]], ['u/ARoyaleWithCheese', 'BitCone should organize a BRC-20 drop (Bitcoin Ordinals)', 16, '2023-05-27 00:36', 'https://www.reddit.com/r/ConeHeads/comments/13sqlvs/bitcone_should_organize_a_brc20_drop_bitcoin/', "Not much to say here, to be honest. Ordinals are all the hot new rage. We're literally called BitCone. Seems like a natural fit. \n\nObviously a lot easier said than done but uhhh, I think we can do it (and by we I mean the people here who are much more competent than I am)\n\nExplanation of what inscriptions/ordinals actually are:* \n> To put it super simply: imagine Bitcoins are dollar bills, like dollar bills, one dollar bill is effectively identical to every other - I don't care which one I get.\n\n> But, the dollars do have some differences. Some dollars were printed earlier than others and all of the dollar bills have serial numbers that show when they were printed. Bitcoin works in a similar way.\n\n> Bitcoin ordinals, or inscriptions, are comparable to writing text directly onto a dollar bill. You've now made that specific dollar bill different from the others and that inscription (the text) will travel together with the dollar bill wherever it goes. Same principle with Bitcoin and inscriptions. Of course, inscriptions aren't limited to just text. You can inscribe up to 4MB into each ordinal and that 4MB can be anything: text, art, an entirely new token or the code to a videogame.", 'https://www.reddit.com/r/ConeHeads/comments/13sqlvs/bitcone_should_organize_a_brc20_drop_bitcoin/', '13sqlvs', [['u/deedopete', 13, '2023-05-27 01:01', 'https://www.reddit.com/r/ConeHeads/comments/13sqlvs/bitcone_should_organize_a_brc20_drop_bitcoin/jlrax42/', 'Heard that Ordinals slow down BTC so I have mixed feelings', '13sqlvs']]], ['u/Niket___', 'Your prediction for next bullrun?', 17, '2023-05-27 00:56', 'https://www.reddit.com/r/LunaClassic/comments/13sr3ol/your_prediction_for_next_bullrun/', "Whenever the next bull run happens after BTC halving of 2024, and the market touches new ATH. What's your prediction for LUNC? At this estimate I'm guessing 150B LUNC would be burned by the time the bull run begins. \n\nWill LUNC get pushed with other coins as well? Will we touch the previous ATH and cross 0.0006 USDT?", 'https://www.reddit.com/r/LunaClassic/comments/13sr3ol/your_prediction_for_next_bullrun/', '13sr3ol', [['u/LeReilly', 13, '2023-05-27 01:00', 'https://www.reddit.com/r/LunaClassic/comments/13sr3ol/your_prediction_for_next_bullrun/jlraqq0/', "Burn doesn't matter, the bullrun doesn't matter, without utility there's no chain/prediction.\n\nYou should focus on upcoming projects and proposals (inside) instead of the macro situation (outsite)", '13sr3ol']]], ['u/marsangelo', 'Irony: We went from tracking Binance’s BUSD wallet to the US Government’s wallet', 72, '2023-05-27 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/', 'Maybe alot of you arent familiar with this, but there was a theory that [Binance was propping up liquidity](https://www.coindesk.com/markets/2023/03/13/binance-will-convert-1b-worth-of-busd-stablecoin-to-bitcoin-ether-bnb-and-other-tokens/?outputType=amp) in the crypto market when volume was waning on almost all metrics. Crypto twitter and on-chain sleuths were tracking movements of the wallet to time their trades and market amidst the “debanking” of crypto when liquidity dried up. \n\nPeople were saying things like “its all a façade time is almost up”. “Binance account getting drained then we nuke”. “Theres nothing organic about this movement its all a sham”.\n\nPivot to whats known as the US Treasury General Account, TGA for short. This is basically the bank account the US Gov uses to pay national debt and pay treasury yields. The Treasury has been propping up this liquidity scam since interest rates started climbing. This account sat at around $1 trillion in 2022 and has been going down ever since yields started inverting. Yesterday it hit $50 billion, but today hit just $38 billion. When Yellen and crew say “early June we will default” they really mean it.\n\nInsert Pam from The Office theyre the same picture meme\n\nIm not exonerating CZ for playing with the market, but the parallels here are pretty spot on. Things that arent ponzis can be ponzi-like, so its best to be objective when assessing how different financial systems operate.', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/', '13sr81d', [['u/Winter_Otter_', 14, '2023-05-27 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrbldr/', 'The more I hear about CZ, the more I find him shady. And he always manage to get away with drama. Not sure if he is legit, or an evil genius.', '13sr81d'], ['u/astockstonk', 11, '2023-05-27 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrc08u/', 'The US: we will just mint a few trillion dollar platinum coins and all will be well', '13sr81d'], ['u/deftaj', 10, '2023-05-27 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrcnqx/', 'Realistically CZ is responsible for the collapse of FTX and a couple others, mainly by dumping his holdings of their tokens. So he’s definitely playing the CEX game of thrones (and winning)', '13sr81d'], ['u/Savik519', 26, '2023-05-27 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlre6pc/', 'US Dollar. The ultimate shitcoin.', '13sr81d'], ['u/pipedreamt7', 17, '2023-05-27 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrg8jw/', "If FTX hadn't built their castle on sand then CZ wouldn't have been able to wash them away.", '13sr81d'], ['u/Arcosim', 11, '2023-05-27 06:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlse3st/', 'If the US Dollar were a crypto coin it would 100% be classified as a shitcoin: ultra centralized, a single entity can mint it endlessly and the supply doubled in a matter of three years, inflationary, can be falsified.', '13sr81d']]], ['u/krisrosl', 'I got a cheater banned, and then we spoke for 30 minutes.', 826, '2023-05-27 01:38', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/', 'Turns out he actually f’ed up pretty bad.\n\nSo I was playing halo infinite for an hour yesterday and played a cheater for 2 out of 4 games. I checked theatre mode, and it was the really obvious kind where he would instantly lock onto every player that entered his fov and perfect them.\n\nI clipped it, reported him and sent him a message to tell him what an loser he is. He responded with the classic «git good» and «oh, so salty», and we went back and forth for a bit. Then suddenly, about 10 minutes later, he sent me a message that he got banned and invited me to a party.\n\nI joined, and the chat was actually quite civilized. He tried to deny the cheating, but gave up quite fast. He then went on to explain that he’d only done it for a couple of games, just to try it out, even though he had 75% win rate out of his 150 games… yeah right. \n\nThen comes the interesting part. As I work in cyber security, I knew that cheating software is often used to disguise malware. So I asked him, «what did you have to do to run the cheats?». Turns out, he had to do some really worrying stuff to get it working. I wont go into details, but it included downloading a boot loader, running it with admin priveleges, disabling notifications when new software is downloaded or ran, and so on. I told him that with cheats, you either pay a lot of money for it, or you pay with your digital life. He paid something like a few dollars for it…\n\nIf he is lucky, they use his machine for bitcoin mining or as part of a bot net. If he is unlucky, they key logged him, stole his active sessions or encrypt his whole system.\n\nPlease guys. Dont cheat. Even if it’s «just to try it out for one game». Anyways, quite absurd to get to talk to a cheater for half an hour, and also realize that he was actually kind of a nice guy. As we hung up, he was quite worried about his machine, and told me he would reinstall the whole thing asap. Lets hope thats sufficient..\n\nIf you want to learn more about the cheating industry, check out the podcast Darknet diaries, episode 115 - «Player cheater developer spy».', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/', '13ss377', [['u/MauPilled', 43, '2023-05-27 01:51', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrh6m0/', "Infinite is rife with aimbots and wallers. The more the population drops that's all that's left. They're all over. They love BTB variants too not just ranked or swat. Seem some since launch. The report function doesn't do dick. >!Dude probably had some real obvious ones lol.!<", '13ss377'], ['u/TheLocustGeneralRaam', 24, '2023-05-27 01:54', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrhlrb/', 'Is his only course of action now to destroy his computer or is it too late for that? I don’t know really anything about this type of stuff.', '13ss377'], ['u/krisrosl', 42, '2023-05-27 01:57', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrhynj/', 'I actually dont know. As someone has had root access to his machine for a while, he should assume the worst.', '13ss377'], ['u/krisrosl', 25, '2023-05-27 01:59', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlri88i/', 'I think they launched a new report system with season 3. This was my first report with that system, and as I said he was banned and my ticket closed about 10 minutes later. Could also be that someone else reported him, but Im just happy I got a response!', '13ss377'], ['u/MauPilled', 18, '2023-05-27 02:20', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrktpr/', "The cheaters are so damn obvious and in your face when they do get banned they just add a number to their name. Its why f2p games without a proper cheating app are a laugh riot. Guessing dude doesn't have replacement hardware if that's what they're detecting now.", '13ss377'], ['u/ElegantCatastrophe', 319, '2023-05-27 04:06', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrxdtk/', 'Very interesting. I never knew there was scamming affiliated with cheating software. Hope that guy is okay and makes more considerate decisions in the future.', '13ss377'], ['u/VYSUS7', 14, '2023-05-27 06:41', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsdfai/', 'He would need to reformat the drives, and just to be safe, wipe the CMOs to have effectively an entirely new computer. Huge hassle. All data gone.', '13ss377'], ['u/TacosAndBourbon', 118, '2023-05-27 07:52', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsjff1/', 'Empathic and level headed. Great takeaway', '13ss377'], ['u/Onyx-Leviathan', 304, '2023-05-27 08:11', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlskvdt/', 'I hate cheaters. That guy is lame. The ban is 100% warranted. Cheaters ruin the game. That said:\n\nCheating in a video game and having your computer keyed -> personal info (credit card numbers, etc) stolen and your life potentially ruined is not something to celebrate.\n\nIt should just be a cautionary tale to all who think of cheating.', '13ss377'], ['u/Saucey_Lips', 18, '2023-05-27 08:19', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlslil4/', 'Camomo_10 taught me to never trust and never feel bad for a cheater.', '13ss377'], ['u/TheLocustGeneralRaam', 13, '2023-05-27 08:41', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsn66i/', 'Sounds like a pain. Guess that’s why you shouldn’t download stuff from shady websites.', '13ss377'], ['u/Fullmetal_Hermit', 15, '2023-05-27 09:04', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsoy19/', "If you're willing to lie about cheating in a game, then you're definitely willing to lie about feeling remorse.", '13ss377'], ['u/PapaGex', 39, '2023-05-27 09:07', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsp536/', 'Remember that if the product is cheap/free, you are the product.', '13ss377'], ['u/Frigid-Kev', 92, '2023-05-27 09:49', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlss56t/', 'I miss the days when cheating was just codes or tricks you get from magazines that either unlocks new characters, secret areas, unlimited power etc...', '13ss377'], ['u/Economy-Pea-5297', 23, '2023-05-27 13:33', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlt83rw/', 'Cheaters are people and sometimes people do stupid things', '13ss377'], ['u/CrazyIvan606', 34, '2023-05-27 14:12', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jltbq5q/', 'While I don\'t wish for his life to collapse like some of the others here, I do believe he could do with some solid "find out" after his "fuck around" phase.', '13ss377'], ['u/ElegantCatastrophe', 11, '2023-05-27 17:52', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlu2dfq/', "Between getting banned and dealing with the possibility his PC might be completely compromised, sounds like he's finding out a couple things.", '13ss377'], ['u/Oddballforlife', 13, '2023-05-27 18:00', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlu3itk/', 'The back pages of Tips and Tricks magazine being filled with all sorts of cheat codes\n\nWhat a great time to grow up in', '13ss377']]], ['u/okhzmuskhsm', "nChain applied a patent in Australia last month that says BTC is bitcoin and one of the inventors is Craig Wright. Seemingly they don't bother to amend.", 17, '2023-05-27 02:48', 'https://www.reddit.com/r/bsv/comments/13stm7h/nchain_applied_a_patent_in_australia_last_month/', '[https://patents.google.com/patent/AU2023202079A1/](https://patents.google.com/patent/AU2023202079A1/en?inventor=Craig+Steven+Wright&oq=Craig+Steven+Wright+&sort=new)', 'https://www.reddit.com/r/bsv/comments/13stm7h/nchain_applied_a_patent_in_australia_last_month/', '13stm7h', [['u/TuftySylvestris', 11, '2023-05-27 21:19', 'https://www.reddit.com/r/bsv/comments/13stm7h/nchain_applied_a_patent_in_australia_last_month/jluuiod/', 'Arthur and I are already doing this. We’ve filed 3 oppositions so far.', '13stm7h']]], ['u/saylor_moon', 'Whale dumping BCH again', 12, '2023-05-27 03:10', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/', 'This large BCH holder, who has a peculiar habit of only selling during bear markets, just sent another 22K to Binance.\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/3433ypM7tMDw4TRZMm2gH9zHhPzs5A4PHw', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/', '13su2vi', [['u/Glittering_Finish_84', 13, '2023-05-27 04:08', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/jlrxmqq/', 'what is gonna come is gonna come, let’s suck them dry.', '13su2vi'], ['u/EmergentCoding', 10, '2023-05-27 13:38', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/jlt8jf1/', "What doesn't kill you, makes you stronger. BCH FTW", '13su2vi']]], ['u/Dazzling_Lime2021', 'Peter Schiff, despite saying Bitcoin has no value since inception, is now using Bitcoin Ordinals to sell art', 362, '2023-05-27 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/', "No, this isn't April fools or a comedy post, he's really doing it.\n\nAnnouncement tweet:\n\n\n\nhttps://preview.redd.it/e99narmreb2b1.png?width=594&format=png&auto=webp&v=enabled&s=65c6af6e114218bddd83f4343063dcbfa058a3e4\n\nIt's comical to see him do this and I don't understand his logic here. If Bitcoin doesn't offer any value, how could you use it to sell art? When confronted on the reasoning for why he's responded with the idea that it's still a real, original oil painting and may hold it's value over time. There will be 50 total prints signed by him and the artist, each with a corresponding Ordinal. Looks like it's going to be auctioned off in NYC.\n\nWhether he eventually admits it has value in the future or not, it doesn't really matter and Bitcoin doesn't need him. But if you're going to be against it but use the technology that really means you acknowledge it's worth.\n\nPrevious tweet from 2021:\n\n\n\nhttps://preview.redd.it/xjxfy397gb2b1.png?width=750&format=png&auto=webp&v=enabled&s=4cc393de996f83f87ec1e9700e1ec27d894ef339", 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/', '13su8sl', [['u/CryptoIsThePlan', 54, '2023-05-27 03:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrs0o9/', 'Dude is a fucking donut and a walking contradiction. Of course he is using Ordinals.', '13su8sl'], ['u/Napoleon_246', 85, '2023-05-27 03:23', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrsh9d/', "He's making money off of Bitcoin in the background, always has been.", '13su8sl'], ['u/Puking_In_Disgust', 16, '2023-05-27 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlruf28/', 'He’s started very slowly and sheepishly backpedaling on crypto ever since he realized blockchain tech can be used to sell shares of tokenized gold backed by his company lol the first time I heard him talk about this it was hilarious how he didn’t realize how hard he was contradicting himself. \n\nSounded like a full blown BTC maxi talking about the need of an worldwide means of sending value that isn’t centralized under the control of the government. I could swear I’d heard him have more criticism of blockchain tech in general but it turns out his only problem was literally just that he hadn’t found a way to make money off it yet. \n\nWouldn’t be surprised if in a few years he has a company issuing tokenized gold on the blockchain, with the ability to buy and sell gold for BTC and vice versa, so at the end of the day, he’s (technically) holding too.', '13su8sl'], ['u/InsaneMcFries', 13, '2023-05-27 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlruu5i/', 'Certainly not an ethtrader donut, or maybe now he is.', '13su8sl'], ['u/Kappatalizable', 12, '2023-05-27 03:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrvfkz/', 'Or he realized he probably could use it to make some money. What a greedy hypocritical piece of crap', '13su8sl'], ['u/MaeronTargaryen', 32, '2023-05-27 06:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlsbdsn/', 'Just like some banks have their CEO publicly criticize crypto whilst investing at the same time', '13su8sl'], ['u/deathbyfish13', 18, '2023-05-27 08:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlskopd/', "They're playing both sides, so they always come out on top", '13su8sl']]], ['u/DarthBen_in_Chicago', 'Swan is making major changes to their platform.', 63, '2023-05-27 03:43', 'https://www.reddit.com/r/Bitcoin/comments/13suqts/swan_is_making_major_changes_to_their_platform/', 'Access in all US states; on-chain validation of bitcoin; new custody and bank partners (update your direct deposit)!', 'https://i.redd.it/qe3yx8nhlb2b1.jpg', '13suqts', [['u/lbuprofenAddict', 11, '2023-05-27 04:42', 'https://www.reddit.com/r/Bitcoin/comments/13suqts/swan_is_making_major_changes_to_their_platform/jls1gnk/', 'Yay NY! Coinbase has been nice, but cheaper withdraws and especially auto-sending to my cold wallet has me sold. Hate when my DCA hits and i got to go into Coinbase, see the charts and how much it was bought for when sending it to my cold wallet', '13suqts'], ['u/dylan6091', 11, '2023-05-27 07:22', 'https://www.reddit.com/r/Bitcoin/comments/13suqts/swan_is_making_major_changes_to_their_platform/jlsh054/', 'Annoying to be sure, but you can tell they believe in the message. For me, authenticity is a prerequisit to trust.', '13suqts']]], ['u/JamMaster420', "Don't worry!", 74, '2023-05-27 05:45', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/', "The price will eventually rise. Remember the next Bitcoin halving is in 2024. I bought 10miliion today. You heard the shiba lady, this thing is gonna pump so hard youll be begging it to slow down. But it's just getting started baby. Hold on tight cause once that wallet thing happens with the shiba land thing and shibarium we are golden. Lambo city", 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/', '13sx440', [['u/Icy-Night-4363', 15, '2023-05-27 12:35', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/jlt3gzu/', 'Grabbing my box of Crayola to snack on while I watch', '13sx440'], ['u/notserpssor', 10, '2023-05-27 14:35', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/jltdwbf/', 'well if the Shiba lady says 😂 ..I think she has some cool-aid for sale also', '13sx440'], ['u/WTFrashelle', 17, '2023-05-27 16:51', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/jltu0ii/', 'I’m glad to see someone else mentioning the BTC block reward halving. \n\nIt’s arguably the most important event in the near future for any crypto.', '13sx440']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, May 27, 2023', 33, '2023-05-27 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/', '13sxdvx', [['u/delgrey', 16, '2023-05-27 07:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jlsh80e/', 'bitcoin blockchain==timechain', '13sxdvx'], ['u/[deleted]', 22, '2023-05-27 14:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltdbp0/', 'It is insane how dead this sub and crypto in general is right now. We are truly just repeating the last cycle.', '13sxdvx'], ['u/Essexal', 11, '2023-05-27 14:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltdpyz/', 'I don’t think I’ve ever been happier?? \n\nIf trading and green/red bars is your life, I feel sorry for you. \n\nI’ve been there, life is too short. \n\nGo do whatever makes you feel happy.', '13sxdvx'], ['u/pignmud', 10, '2023-05-27 14:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltdutd/', 'Can’t remember who posted buying in at $25861 but I copied x 20 and it filled few days ago by a whisper :)', '13sxdvx'], ['u/[deleted]', 14, '2023-05-27 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltg907/', 'Decided to not wait and just do my dca. Specifically, because the amount I had puts me exactly over a nice milestone. Might have been better to wait for the long weekend dump, but I’m going to cook out, drink in the pool, and enjoy. Happy weekend fellas, happy Memorial Day, stack those corns.', '13sxdvx'], ['u/NLNico', 13, '2023-05-27 16:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltocff/', '> Debt limit negotiations bw House GOP-WH continued til 230am.\n> \n> - Still trying to get an agreement on a handful of outstanding items\n> - Goal is to announce deal today and then have bill text ready. Then will need to whip votes\n> - Deal is “hours or days away,” McHenry says this AM\n\nhttps://twitter.com/mkraju/status/1662451927416725511\n\nAssuming debt ceiling deal is bullish, I wonder if we could have a bit of an edge longing if the news comes out over the weekend. Mostly because tradfi and correlation bots are off. (obv no real news now yet though.)', '13sxdvx']]], ['u/WillingnessNice3033', 'Dad joined this crypto WhatsApp group offering calls called coinasendency.com', 10, '2023-05-27 07:39', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/', "Dad joined this WhatsApp group. They appear to have 'users'. They have to go to this site [https://coinascendancy.com/wap/](https://coinascendancy.com/wap/), deposit money and then make calls as per the messages in the group on Bitcoin. If they want to withdraw it, they will transfer the coins to his Binance account where he can get back cash. \n\nI smelled a scam right when I saw the website. He did initially make a profit and was able to withdraw the amount as well. Later on, things took a turn, and there were losses as well and currently is at the same amount he invested. i.e. no loss, no gain.\n\nIs this common? I want to know for sure. How are they faking the users in the WhatsApp group?", 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/', '13sz5yf', [['u/vitaminxzy', 22, '2023-05-27 08:08', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlskpj7/', 'It\'s a !crypto scam, he was able to get a little out to get him to trust the platform but ultimately they can alter and change the site to show "gains" but it\'s all fake. Any money sent to the scam site is gone and if he tries to get it out they hit him with tax or fee excuses etc. The WhatsApp group are scammers pretending to be users. It\'s all lies.\n\nYou can use whois site to see the domain info, it was only created last week!\nDomain: coinascendancy.com\n\nRegistrar: NameCheap, Inc.\n\nRegistered On: 2023-05-17\n\nExpires On: 2024-05-17\n\nUpdated On: 2023-05-17\n\nPlease watch out for !recovery scammers that say they can help you and your dad get his money back. They can\'t and will try to get money from you. Scammers lurk here.', '13sz5yf'], ['u/vitaminxzy', 15, '2023-05-27 08:14', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsl5hu/', "Would show him the domain info, it was only created last week. Scam sites like these are always being created then thrown away after scamming people.\n\nShow him this thread or others in the sub regarding crypto scam sites and how they work.\n\nDefinitely tell him to stop all contact and don't invest or send any more money to this fake site.", '13sz5yf'], ['u/Mediocre_Airport_576', 16, '2023-05-27 08:21', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlslnzi/', 'Ask him if he would entrust his 401k to an infant child. \n\nThat\'s what "investing" in a 9-day-old website is like -- or at least something he might understand.', '13sz5yf'], ['u/xcaliblur2', 10, '2023-05-27 08:28', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsm85t/', "All the numbers are made up. The site is faked. They sent back a small amount at the start to entice your dad to invest much bigger sums of money. It's a very common scam tactic.", '13sz5yf'], ['u/Mediocre_Airport_576', 10, '2023-05-27 08:41', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsn6x6/', 'For sure... good luck. He may lose all of his money if this continues.', '13sz5yf'], ['u/thewindinthewillows', 14, '2023-05-27 09:04', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsowcq/', 'Then, at this point, your priority should be to protect everyone else.\n\nDo not lend him money. Make sure that anyone in your family he might ask for a loan knows not to give him one. Warn anyone who might share an account with him. And so on.', '13sz5yf']]], ['u/jsveyfjc', 'Anyone else annoyed with the Ordinals? They just clog the main coin instead of allowing it to be the store of value.', 58, '2023-05-27 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/', "Many other coins are having this function already and are better suited for that. BTC was not designed to do such a thing from a start and is has difficulties to make it efficiently.\n\nFrom time to time I was using it to make some transactions, because it's so easily accepted and I don't have to pay for changing it into different coins. Now with costly transaction fees, I'm not doing it anymore. Have to keep separate stack of other coins, which are more volatile, just for transactions. It's dumb. If they ever wanted to introduce it, they should at least start with lowering the fees, otherwise it's just another unusable for average coin. Ordinals are nothing more than a stunt to make BTC even more dominant, without any need for that. BTC is awesome with it's main function, they should let is stay like this. \n\nNow we will just have more scams on the main network, more wrong attention and for what? It might as well be the beginning of a disaster if enough scams occur. Greed won over the reason again, but what else can we assume in this community?", 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/', '13szgmx', [['u/KAX1107', 11, '2023-05-27 08:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlsoay5/', 'You can\'t "clog" the chain. You\'re probably talking about mempool. Mempool is not the chain and there\'s no global mempool. It\'s a waiting room individually managed by each node. If you don\'t want to pay the priority fee to get immediate confirmation, then you can pay lower fee and wait. You can also later bump the fee if you no longer want to wait. I\'ve been making 50+ Lightning transactions a week and stacking sats on my Lightning node. Fee spikes haven\'t affected me at all. Over the long term when we have trustless 2WP, base layer will be almost exclusively for batched settlements and large value settlements.\n\nInscribing valuable artefacts may have some value but I personally see no value in ordinals. It\'s just a reboot of something called colored coins which was being done in 2012. Everything from tokens to collectibles first came from bitcoin long before hordes of degens came along. You can\'t control how other people behave or what they find value in. People have been made so desperate by the fiat ponzi that they\'re down to gamble on literally anything for a chance to get rich quick. When you have willing gamblers, people will create stupid casinos. The best play is not to participate.\n\nAn important suggestion I would make is avoid using any exchange that tries to exploit users by overcharging "network fee". The current fee rate is 24 sat/vB (85 cents). Binance overcharges by 30x despite batching withdrawals and doesn\'t support Lightning withdrawals. Whereas Kraken has free Lightning withdrawals, Swan has free on-chain withdrawals and in Europe, 21bitcoin app charges a flat rate of just 1000 sats for on-chain withdrawals since they batch transactions. So switch to one of those exchanges or go P2P with [Bisq](https://bisq.network/), [Robosats](https://learn.robosats.com/), [Peach](https://peachbitcoin.com/) or [HodlHodl](https://hodlhodl.com/). I wish more people would learn the value of censorship resistant, no-KYC, P2P fiat ramps before your government forces you to adopt them by shuttering KYC ramps.', '13szgmx'], ['u/DrakharD', 28, '2023-05-27 09:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlspf85/', "You should check bitcoin maxis view on them. I agree they are pointless and not in a spirit of Bitcoin goal.\n\nHowever that's the thing with decentralized chain and permissionless chain.\n\nEveryone's free to do their own thing on it.", '13szgmx'], ['u/untouch10', 11, '2023-05-27 10:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlsurpd/', 'It shouldnt cost 20 dollar to sent some bitcoin this is a problem', '13szgmx'], ['u/FalloutAssasin', 22, '2023-05-27 12:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlt1dz3/', "I don't think Bitcoin should be restricted to be just a 'store of value'. If stuff like ordinals can break Bitcoin, just let it. Then we'll know if Bitcoin can be broken or not. Stress tests are always welcome and necessary if this thing is meant to be an open protocol for everyone in the world to use.", '13szgmx']]], ['u/rBitcoinMod', 'Daily Discussion, May 27, 2023', 21, '2023-05-27 08:03', 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13s4zpm/daily_discussion_may_26_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/', '13szkij', [['u/Romsel87', 12, '2023-05-27 08:50', 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/jlsnvt8/', 'Work hard, stack hard 🌽', '13szkij'], ['u/escodelrio', 10, '2023-05-27 15:13', 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/jlthwvm/', "Historical Bitcoin prices for today, May 27th:\r \n\r \n2023 - $26,722\r \n2022 - $28,601\r \n2021 - $38,417\r \n2020 - $9,199\r \n2019 - $8,760\r \n2018 - $7,367\r \n2017 - $2,052\r \n2016 - $474\r \n2015 - $237\r \n2014 - $570\r \n2013 - $130\r \n2012 - $5.1\r \n2011 - $8.5\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/27/2023 is $9,112.10.", '13szkij']]], ['u/CrypTudach', 'Where do you guys buy your non-KYC bitcoin?', 18, '2023-05-27 10:14', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/', "I usually bought them on HodlHodl but for some reason people were putting its price on 29k€ when market price is 24'7k€ (not considering in person or cash deposit methods). I'd like to try Robosats but im pretty new to Lighting. Just got my Blixt account (not even funded yet) but will only have outbound liquidity. So, where do you buy your btc?", 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/', '13t1q8q', [['u/DouglasFeeldro', 10, '2023-05-27 10:19', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/jlsu77d/', 'Robosats seems to be the go to', '13t1q8q'], ['u/mcrech', 18, '2023-05-27 10:23', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/jlsuiri/', 'Also make sure to have a look at Bisq.', '13t1q8q'], ['u/KAX1107', 10, '2023-05-27 14:00', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/jltalpq/', '[Bisq](https://bisq.network/), [Robosats](https://learn.robosats.com/), [Peach](https://peachbitcoin.com/), [HodlHodl](https://hodlhodl.com/)', '13t1q8q']]], ['u/PaintTraditional2252', 'My 2 year old daughter calls pound coins "Bitcoin" should I be concerned?', 12, '2023-05-27 11:15', 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/', "It's all I talk about around my kids and wife.", 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/', '13t2p4t', [['u/5n0wday', 16, '2023-05-27 11:26', 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/jlsyr57/', 'Correct her that it\'s "$hitcoin" not bitcoin. Got a teach em right', '13t2p4t'], ['u/PaintTraditional2252', 12, '2023-05-27 11:28', 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/jlsyv1b/', "This is why I'm concerned.", '13t2p4t']]], ['u/wallywot', 'Old Man Star - AAR (Snuff/Wallymarts perspective)', 102, '2023-05-27 15:35', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/', 'Anure and Wallymarts exited their plane in Schiphol. It was the same as every year in Snuffed out. Hy Wanto Destroyer paid for everyone to come out so that timezones were not an issue. We were asked to take PTO during this time, but for those that could not, Hy was generous enough to supplement their income. Luckily for Hy Wanto, Anure had Social Security and Medicade, so him coming was the cheapest.\n\nA quick taxi to the Snuffed House, in complete silence, and soon they were inside.\n\nOnce inside, they were taken away by finely dressed dwarfs with incredible moustaches. One of the dwarfs had a peculiar nametag "Hi my name is Jet 1X". Anure and Wally quickly paid him his nickel, and as he left Anure whispered "I fucking knew it"\n\nThe 1X Dwarf led us to the main room. Reminiscent of a Bitcoin farm, it was a large rectangular room, computers whirred and many desks were already occupied. While walking through the Aisles, name tags were noticed.\n\n"Fucking great wally, i have to sit next to this moron" - Anure complained, pointing at the Yonis name plate.\n\n"yeah i know, didnt he ruin that Cyno Vigil, by shooting ships all day there? god hes annoying" Wallymarts replied.\n\nWallymarts sat down and with immidate glee realized he sat next to none other than NoNo. They dabbled in light foreplay then quickly the room fell silent.\n\nThe lights began to dim and a low rumbling began. Small lasers danced across the room and a low fog emerged.\n\n"Shut up, everybody shut up"\n\nIt was none other than Tau AD. The omnipotent farmer of lowsec. Behind him a herd of chickens pecked and prodded at everyone as he walked the Aisles.\n\n"This week... we fight what we love the most.... WANGS" - Screamed Tau AD.\n\nThe mega Cubiclefarm erupted in Chaos. We began reinforcing Citadels and being fed like kings. This went on for DAYS. Untill we arrive at todays story, the Story of 300 vs 1,000.\n\n[https://br.evetools.org/br/6471824e8b5c6e4d0bab3357](https://br.evetools.org/br/6471824e8b5c6e4d0bab3357)\n\n"MAX IDIOTS LOG IN" - The speakers in our beds violently chanted. The only way to silence this was to walk to the door and use feet auth on the scanners.\n\nThere was no time to get fully dressed, and 100 snuff members ran the halls like a homoerotic hogwarts, our feet making slapping noises as we got to our chairs.\n\nOnce settled, we already had our characters logged in and where they needed to be. Vrye was up all night ensuring we would be ok.\n\nOnce we landed in Old Man Star, we noticed 15 booshers on d-scan, and took appropriate measures. We renamed our ships "BOOSH VERT" and we waited.\n\nEnemy cyno went up, the entire alliance of Sedition showed up. 14 TFI, 4 Tempest, 4 exeqs, 2 augs, 1 Guardian and a punisher. Soon, another cyno went up and it was the rest of the groups attempting to help. 90 Tempest fleet issues were on d-scan towards their cyno. Snuffed had 63... but we knew we were stronger, more agile and cunning.\n\nThe fight commenced as the blob of battleships and their initial fax landed at 20. Penif was the first to perish. As he died his chair ejected him into our lobby. Ready to catch him were our Dwarf servants, JET1X and Mongrel. They scurried and dropped him off at the next set up chairs at a table called "reship now"\n\nWhile the heavy battleship brawl started, it became apparent that they had far more than we did, and their wing of ewar ships were tipping the balance too far. Quickly we deleted ewar ships and brought in a second wave of Fax. As the Fax landed, multiple BS erupted in flames. Snuffed out was taking heavy losses from not only the enemy fleet, but the fortizar was putting the pain in.\n\nAs we couldnt break subs, the call to drop a handful of revs was made to delete FAX. Once the dreads came in and fax were targetted, a second cyno went up. A counter drop of dreads. This is when Tau began to laugh madily and linked an Imgur in fleet while saying "Fellas... they are going to lose a lot of dreads, look at who helped them fit and use them"\n\n[https://imgur.com/a/GVbATNp](https://imgur.com/a/GVbATNp)\n\nThe halls erupted in laughter. Chossuh is a well known spod brain. We laughed and drank wine, then proceeded to drop more dreads into this fight. Our dread numbers were immense. We began by counter dropping the counter drop with an armada of Rev Navies. Within minutes the first counter drop was evaporated. A much larger response was initiated and we countered with 30 Zirnitras dropped at range. As this happened a lone voice chimed into everyones heads as his angelic voice filled the air.\n\n"Friends... My Zirn, Brawl Bodar, has bounced into the enemy Armada... I shant lose a second one. All fax, ignore Subs, this is a battle for Dreads. I am currently yellowboxed by the entirety of the enemy fleet, all reps to Brawl Bodar" - Wallymarts commanded.\n\nAs he gazed at his screen, listening to Dread primaries, everything yellow turned to red. He sipped on his drink as his shield disappeared instantly. He saw 2 of the 6 fax locking him up, as they were the only ones in range. Wallymarts took all of the drugs he could for his Dread pilot and followed primaries while never going into siege. Armor began dipping to 70%, then instantly to 20%... He watched as his Fax alt Overheated everything and armor began to climb.... While climbing, he kept watching primaries evaporate... All these poor souls led by Chossuh\'s lack of knowledge. Dread after Dread perished as it tried to kill a Snuff Dread. As Wallymarts watched, the Zirnitra began to grow Traps above its arms, with every dread that perished before him they grew more massive... They continued this assault, and his armor continued to climb....\n\nAnother Cyno up, more enemy dreads. At this point the enemy combined fleet fed an impressive amount of dreads trying to kill the one Zirnitra that bumped. As they switched off of him, some enemy dreads jumped out.\n\nAll subs refit to points and Tau called in the Supers. The idea was to clean up the remaining dreads, forcing the subs off field. Our one disadvantage was the Subcap brawl. While we were doing great work with Dreads, our Subs were dying. More Fax were brought in to assist, but the sheer firepower of the Leshak+TFI fleet was quickly overwhelming.\n\nSupers did their thing for a bit, killing many dreads. Our subs swarmed enemy subs, trying to keep them from moving so that anti cap dreads at 100 could clean them up. Once the realization that the TFI\'s were useless, Tau called an immidiate reship to Carriers. Some TFI got out. of the 63, 39 died. Supers were saved by the handful of Devoters by brave men that stayed behind with overheated webs/neuts/jams. An Erebus and Aeon were the last 2 supers to get out.\n\nWhat happened next was a flood of Carriers. Cyno went up and 107 carriers were dropped. Subs began to evaporate. The enemy forces seemed to be steadily reshipping, and were able to kill a couple carriers under fax reps, but Snuffed Out members are always ready for this, and have 3 of every cap. Once you died, you reshipped and came back. The fight went on for an impressive amount of time. Multiple citadels were killed.\n\nWith the Isk war and the Objective war won, Tau AD ordered the fight over. Once safely back into Raka 5, all members of Snuff present at the home were chauffeured into the ball room. Waiting inside were over one hundred massage chairs with a little bowl near the crotch. We were ordered to undress and servants were brought in to towel bathe us. We sat there listening to soft music, drinking more wine and getting our bodies fully prepared for the next big operation. Nuke Michael handed out "USTZ Fights best Fights" T-shirts and the Chairs shape shifted into huge diesel trucks with American flags and took all the dumb euros hostage and live in his basement now.\n\nThank god Chossuh has zero clue about dread fittings or how to fight. He actually believes dual tanked Nags are the answer.', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/', '13t7nxz', [['u/MintonBenidal', 13, '2023-05-27 15:46', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jltlp7a/', 'Damn, someone tried to tell me Chossuh was smart once. Then I looked at his corps stats over the last 3 years.', '13t7nxz'], ['u/Garric_Shadowbane', 28, '2023-05-27 16:07', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jlto9ic/', '10/10 AAR… everyone hates that fucking guy Yonis', '13t7nxz'], ['u/JaeCryme', 21, '2023-05-27 16:24', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jltqihf/', 'Lol… Have you been writing this since the battle ended?', '13t7nxz'], ['u/wallywot', 31, '2023-05-27 16:39', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jltsfxe/', 'Nope, I woke up to pings saying "wally where AAR", so i made my daughter a bottle, fed her while typing this on... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022.\n• Insider spoke to four crypto experts on what\'s next for bitcoin in 2023.\n• One blockchain exec said bitcoin can\'t hit a record high until US inflation is under control.\nAfter a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market\'s total value sits well above the $1 trillion mark.\nThe industry has seemingly gotten back on its feet since the downfall of Sam Bankman-Fried\'s FTX in November, along with a slew of other industry bankruptcies including centralized lender Celsius, brokerage Voyager Digital, and hedge fund Three Arrows Capital earlier in the year.\nWhile it can be hard to predict bitcoin\'s moves, experts told Insider there are a few things to watch for this year to get a sense of where the world\'s largest cryptocurrency is headed.\nFirst, bitcoin can\'t claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, perMessari.\n"However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider. "Couple this with a bunch of other unsavory macro factors — such as inflation — many investors would rather remain on the sidelines."\n"This is contributing to the mostly sideways price action we\'ve been experiencing," Ho added.\nA key technical event for Bitcoin\'s network, the halving, could push the token\'s price up significantly though. Although the halving is estimated to occur in April of 2024, Ho says bitcoin may go on a tear leading up to the event.\n"Bitcoin halvings are significant because they slash the production of new bitcoins on the network by half," Ho said. "This curtails the supply of freshly minted coins, thus leading to a price increase if the demand persists."\n"Litecoin, which is due for its halving this year, is up around 90% since its lows in Q3, 2022," Ho said. "Therefore, if we take that as a guide, it is possible that we could see a similar 90% move from Bitcoin\'s Q3, 2023 price, which would give a rough target of about $60,000."\nJagdeep Sidhu, president of Syscoin Foundation, expressed similar optimism around the halving.\n"While we\'ve weathered some storms recently, the resilience of the crypto ecosystem remains evident. From the ashes of FTX, the market has rebounded, demonstrating its inherent capacity to absorb shocks and evolve," Sidhu told Insider.\n"As we approach the next Bitcoin halving and crypto dominance looks set to peak, we\'re on the cusp of exciting developments in the crypto world."\nIf inflation cools in the US and there\'s regulatory clarity around digital assets, another crypto exec told Insider that bitcoin could hit $38,000 by year-end, a 41% increase from its current trading level.\n"My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year."\n"The short to medium term driver is still inflation, and specifically US inflation. I think core inflation has been pretty sticky but will continue to decline in the US, leading the Fed to pause for the rest of the year," Shan added.\nDavid Uhryniak, who works on ecosystem development at blockchain infrastructure provider TRON, is confident that bitcoin will finish the year "significantly higher" and could close out 2023 at over $35,000.\n"Right now, smart traders are waiting for greater validation as to which way bitcoin and the rest of the market will move next before committing serious money," Uhryniak told Insider. "By Q4, much of the uncertainty that\'s clouded the market all year should have abated. Things like concerns over the Mt. Gox coins being liquidated or the US government selling its stockpile of BTC confiscated from black markets."\nRead the original article onBusiness Insider', '• Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022.\n• Insider spoke to four crypto experts on what\'s next for bitcoin in 2023.\n• One blockchain exec said bitcoin can\'t hit a record high until US inflation is under control.\nAfter a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market\'s total value sits well above the $1 trillion mark.\nThe industry has seemingly gotten back on its feet since the downfall of Sam Bankman-Fried\'s FTX in November, along with a slew of other industry bankruptcies including centralized lender Celsius, brokerage Voyager Digital, and hedge fund Three Arrows Capital earlier in the year.\nWhile it can be hard to predict bitcoin\'s moves, experts told Insider there are a few things to watch for this year to get a sense of where the world\'s largest cryptocurrency is headed.\nFirst, bitcoin can\'t claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, perMessari.\n"However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider. "Couple this with a bunch of other unsavory macro factors — such as inflation — many investors would rather remain on the sidelines."\n"This is contributing to the mostly sideways price action we\'ve been experiencing," Ho added.\nA key technical event for Bitcoin\'s network, the halving, could push the token\'s price up significantly though. Although the halving is estimated to occur in April of 2024, Ho says bitcoin may go on a tear leading up to the event.\n"Bitcoin halvings are significant because they slash the production of new bitcoins on the network by half," Ho said. "This curtails the supply of freshly minted coins, thus leading to a price increase if the demand persists."\n"Litecoin, which is due for its halving this year, is up around 90% since its lows in Q3, 2022," Ho said. "Therefore, if we take that as a guide, it is possible that we could see a similar 90% move from Bitcoin\'s Q3, 2023 price, which would give a rough target of about $60,000."\nJagdeep Sidhu, president of Syscoin Foundation, expressed similar optimism around the halving.\n"While we\'ve weathered some storms recently, the resilience of the crypto ecosystem remains evident. From the ashes of FTX, the market has rebounded, demonstrating its inherent capacity to absorb shocks and evolve," Sidhu told Insider.\n"As we approach the next Bitcoin halving and crypto dominance looks set to peak, we\'re on the cusp of exciting developments in the crypto world."\nIf inflation cools in the US and there\'s regulatory clarity around digital assets, another crypto exec told Insider that bitcoin could hit $38,000 by year-end, a 41% increase from its current trading level.\n"My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year."\n"The short to medium term driver is still inflation, and specifically US inflation. I think core inflation has been pretty sticky but will continue to decline in the US, leading the Fed to pause for the rest of the year," Shan added.\nDavid Uhryniak, who works on ecosystem development at blockchain infrastructure provider TRON, is confident that bitcoin will finish the year "significantly higher" and could close out 2023 at over $35,000.\n"Right now, smart traders are waiting for greater validation as to which way bitcoin and the rest of the market will move next before committing serious money," Uhryniak told Insider. "By Q4, much of the uncertainty that\'s clouded the market all year should have abated. Things like concerns over the Mt. Gox coins being liquidated or the US government selling its stockpile of BTC confiscated from black markets."\nRead the original article onBusiness Insider', 'One exec told Insider that bitcoin can\'t hit a record high until US inflation is under control. Yuichiro Chino/Getty Images Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022. Insider spoke to four crypto experts on what\'s next for bitcoin in 2023. One blockchain exec said bitcoin can\'t hit a record high until US inflation is under control. After a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market\'s total value sits well above the $1 trillion mark. The industry has seemingly gotten back on its feet since the downfall of Sam Bankman-Fried\'s FTX in November, along with a slew of other industry bankruptcies including centralized lender Celsius, brokerage Voyager Digital, and hedge fund Three Arrows Capital earlier in the year. While it can be hard to predict bitcoin\'s moves, experts told Insider there are a few things to watch for this year to get a sense of where the world\'s largest cryptocurrency is headed. First, bitcoin can\'t claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, per Messari. "However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider. "Couple this with a bunch of other unsavory macro factors — such as inflation — many investors would rather remain on the sidelines." "This is contributing to the mostly sideways price action we\'ve been experiencing," Ho added. A key technical event for Bitcoin\'s network, the halving, could push the token\'s price up significantly though. Although the halving is estimated to occur in April of 2024, Ho says bitcoin may go on a tear leading up to the event. "Bitcoin halvings are significant because they slash the production of new bitcoins on the network by half," Ho said. "This curtails the supply of freshly minted coins, thus leading to a price increase if the demand persists." Story continues "Litecoin, which is due for its halving this year, is up around 90% since its lows in Q3, 2022," Ho said. "Therefore, if we take that as a guide, it is possible that we could see a similar 90% move from Bitcoin\'s Q3, 2023 price, which would give a rough target of about $60,000." Jagdeep Sidhu, president of Syscoin Foundation, expressed similar optimism around the halving. "While we\'ve weathered some storms recently, the resilience of the crypto ecosystem remains evident. From the ashes of FTX, the market has rebounded, demonstrating its inherent capacity to absorb shocks and evolve," Sidhu told Insider. "As we approach the next Bitcoin halving and crypto dominance looks set to peak, we\'re on the cusp of exciting developments in the crypto world." If inflation cools in the US and there\'s regulatory clarity around digital assets, another crypto exec told Insider that bitcoin could hit $38,000 by year-end, a 41% increase from its current trading level. "My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year." "The short to medium term driver is still inflation, and specifically US inflation. I think core inflation has been pretty sticky but will continue to decline in the US, leading the Fed to pause for the rest of the year," Shan added. David Uhryniak, who works on ecosystem development at blockchain infrastructure provider TRON, is confident that bitcoin will finish the year "significantly higher" and could close out 2023 at over $35,000. "Right now, smart traders are waiting for greater validation as to which way bitcoin and the rest of the market will move next before committing serious money," Uhryniak told Insider. "By Q4, much of the uncertainty that\'s clouded the market all year should have abated. Things like concerns over the Mt. Gox coins being liquidated or the US government selling its stockpile of BTC confiscated from black markets." Read the original article on Business Insider', 'A slow news cycle resulted in thefourth consecutive weekof flat prices in the crypto markets. Crypto Twitter was similarly sedate throughout the week, although marketsbriefly panicked on Mondaywhen a machine-generated mockup of an explosion at the Pentagon went viral.\nThat day, HuffPost Senior Editor Andy Campbell showed his followers how fake news slips through people’s nets.\nCoinbase shared a one-minute video of its CEO Brian Armstrong explaining the importance of regulating crypto sensibly before all the innovation is driven offshore.\nCoinbase recently announced aglobal expansion drive, acquired a license to operate in Bermuda and used the license to open aninternational exchangeoffering Bitcoin and Ethereum perpetual futures.\nThese maneuvers come at a time when U.S. regulators are hounding the industry with enforcement actions instead of offering guidance or new rules, which are desperately needed, according to industry players.\nA coalition of FTX users who have banded together “to get more than whole AND build asafer, better exchangefor all” on Monday tweeted the timetable towards FTX’s relaunch.\nBasketball legend Shaquille O’ Neale had a tough week after getting served with two different lawsuitson the same daywhile he was broadcasting during an NBA game. Web3 lawyer Ariel Givner shared her thoughts about the complaint pertaining to Shaq’s NFT project Astrals. The other complaint is about hispromotional workfor FTX.\nOn Wednesday, Binance CEO Changpeng Zhao said there were bullish signs coming from China that day.\nMeanwhile, Zhao’s exchange reiterated its commitment to help U.S. authorities take down North Korean cyber criminals.\nCoinbase’s Chief Legal Officer Paul Grewal that day tweeted about the legal challenge to U.S. sanctions against crypto transaction privacy tool Tornado Cash. He was impressed by the plaintiff’s arguments and summarized them in a thread.\nOpenAI CEO Sam Altman was in Germany on Thursday having productive discussions about AI regulation.\nGemini co-founder Cameron Winklevoss was doing the same in Ireland.', "A slow news cycle resulted in the fourth consecutive week of flat prices in the crypto markets. Crypto Twitter was similarly sedate throughout the week, although markets briefly panicked on Monday when a machine-generated mockup of an explosion at the Pentagon went viral. An AI image of an explosion near the Pentagon caused the market to sell off violently for a few minutes before it was debunked and removed. Run it back. pic.twitter.com/xP82HCBmys — K A L E O (@CryptoKaleo) May 22, 2023 That day, HuffPost Senior Editor Andy Campbell showed his followers how fake news slips through people’s nets. Prime example of the dangers in the pay-to-verify system: This account, which tweeted a (very likely AI-generated) photo of a (fake) story about an explosion at the Pentagon, looks at first glance like a legit Bloomberg news feed. pic.twitter.com/SThErCln0p — Andy Campbell (@AndyBCampbell) May 22, 2023 Coinbase shared a one-minute video of its CEO Brian Armstrong explaining the importance of regulating crypto sensibly before all the innovation is driven offshore. This week, DC will see a new TV campaign that explains how crypto moves America forward and why it’s the most important technology we have to create more economic freedom. It’s time to update the system. Crypto can help. Learn more at https://t.co/6Hf1DAqeIV pic.twitter.com/hmAQuNiA34 — Coinbase 🛡️ (@coinbase) May 22, 2023 Coinbase recently announced a global expansion drive , acquired a license to operate in Bermuda and used the license to open an international exchange offering Bitcoin and Ethereum perpetual futures. Story continues These maneuvers come at a time when U.S. regulators are hounding the industry with enforcement actions instead of offering guidance or new rules, which are desperately needed, according to industry players. A coalition of FTX users who have banded together “to get more than whole AND build a safer, better exchange for all” on Monday tweeted the timetable towards FTX’s relaunch. FTX CEO John Ray III confirms FTX 2.0 plans. pic.twitter.com/FeCXOvdrt0 — FTX 2.0 Coalition (@AFTXcreditor) May 22, 2023 Basketball legend Shaquille O’ Neale had a tough week after getting served with two different lawsuits on the same day while he was broadcasting during an NBA game. Web3 lawyer Ariel Givner shared her thoughts about the complaint pertaining to Shaq’s NFT project Astrals. The other complaint is about his promotional work for FTX. Shaq got sued today in a class action lawsuit for his Astrals NFT. Why? Plaintiffs claim the Astrals tokens and NFTs (allegedly Shaq’s “brainchild”) were unregistered securities. It’s truly never a dull day in crypto land. — Ariel Givner, Esq. (@GivnerAriel) May 24, 2023 On Wednesday, Binance CEO Changpeng Zhao said there were bullish signs coming from China that day. CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs. Not saying past predicts the future. And not financial advice. https://t.co/2wcArnPI93 — CZ 🔶 Binance (@cz_binance) May 24, 2023 Meanwhile, Zhao’s exchange reiterated its commitment to help U.S. authorities take down North Korean cyber criminals. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners and the Binance Investigations team for their unwavering commitment to combating crime worldwide. — Binance (@binance) May 24, 2023 Coinbase’s Chief Legal Officer Paul Grewal that day tweeted about the legal challenge to U.S. sanctions against crypto transaction privacy tool Tornado Cash. He was impressed by the plaintiff’s arguments and summarized them in a thread. Argument #1: These sanctions depend on assuming that anyone who happens to hold a digital token (TORN) is a member of a legally-recognized entity called “Tornado Cash.” That’s novel as a legal theory, and it’s wrong as a factual matter. 3/7 — paulgrewal.eth (@iampaulgrewal) May 24, 2023 OpenAI CEO Sam Altman was in Germany on Thursday having productive discussions about AI regulation. had a great meeting with Chancellor Scholz this morning and a fun talk at TUM this afternoon, and finally enjoying a quiet moment in a beautiful city pic.twitter.com/1jV1X0bswr — Sam Altman (@sama) May 25, 2023 Gemini co-founder Cameron Winklevoss was doing the same in Ireland. Awesome meeting this morning with @LeoVaradkar , the Prime Minister of Ireland. We talked about the profound promise of crypto and the importance of common sense regulation to realize that promise. We believe MiCA is that common sense regulation. We also announced that @Gemini has… pic.twitter.com/Iv3NmPTmju — Cameron Winklevoss (@cameron) May 25, 2023", "Los Angeles, California --News Direct-- Bitcoin Weekly In the rapidly evolving world of digital currencies, meme coins have carved a significant niche for themselves. This week's top trending meme coins are Pepe Coin, Rick Coin, Dogecoin, and Shiba Inu. Each meme coin possesses unique characteristics and compelling backstories that could shape its future in the crypto market. So, let's delve deeper and unearth the potential these meme coins hold. Rick Coin (RICK) Rick Coin , an upcoming meme coin, is catching the crypto community's attention due to its significant potential. Rick Coin is being recognized for its growth prospects as its native token of GalaxyTrade.io. GalaxyTrade, whose beta version is already live, offers an advanced trading platform that is set to support all major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), popular meme coins like Dogecoin and Shiba Inu, Forex currencies such as USD and EUR, and even metals like Gold and Silver. Users will have the opportunity to trade with up to 100X leverage. GalaxyTrade's intuitive interface is designed to facilitate easy access to real-time chart monitoring, zero-slippage trades, and position tracking. This robust offering has already begun to attract both seasoned traders and those new to the crypto market. Furthermore, the platform's array of advanced order types, including market, limit, stop, and reduce-only orders, empower users with practical tools to manage risk/reward dynamics in their active positions. With Rick Coin at its core, GalaxyTrade is set to revolutionize cryptocurrency trading. Moreover, Rick Coin holders can provide liquidity in USDT or BNB, enabling them to back trader profits while receiving losses plus a share of protocol fees. By participating in this pooling system, they stand to earn real yield directly in the underlying asset they deposit. While staking allows holders to stake Rick Coin to earn a share of protocol fees. These include fees paid on order submission and pool deposits and withdrawals. It is a testament to Rick Coin's potential that GalaxyTrade, with its user-friendly interface and array of innovative features, has chosen it as the platform's native token. Story continues Pepe Coin (PEPE) The meme cryptocurrency sphere has a new star player - Pepe Coin (PEPE). Named after the internet meme Pepe Frog, the token has shot to prominence within just a month of its inception in April 2023. PEPE's market cap has already touched $1 billion, and it has caught the attention of major cryptocurrency exchanges, indicating a leap toward mainstream adoption. Kraken's addition of PEPE as its latest futures contract and Bitfinex's recent announcement to list PEPE underscores the growing popularity of PEPE. These developments could position PEPE as a competitor to established meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). The coin's recent trading activity is a testament to its growing clout. Despite some resistance, the PEPE price remained steady above the trendline of the triangle pattern. This movement suggests a bullish reversal could drive the price to $0.00000170, with a possible hurdle at $0.0000015. Despite its swift rise to a market cap of $1.75 billion from an initial market cap of $100,000, PEPE experienced a significant dip, currently hovering at around $573 million. Yet, the token's rapid rise in a short period underscores its potential and reflects the influence of meme culture in the crypto market . Shiba Inu (SHIB) Shiba Inu ( SHIB ) stands out this week, drawing attention with a significant uptick in on-chain activity and a significant rise in its market cap. Over the past week, Shiba Inu saw a dramatic 76.25% increase in new address creation, reflecting a growing interest in this meme coin. The range of transaction sizes also saw a significant jump, with those between $10.00 and $100.00 increasing by 46.36% and those ranging from $100.00 to $1k surging by 41.66%. Shiba Inu's price data further emphasizes its bullish trend. Shiba Inu hit a 52-week high of $0.000016 on August 14, 2022, and its market cap reached a record $10.01 billion, underscoring its massive appeal. SHIB has experienced a modest 24-hour price increase of 0.95%, reinforcing its growth trajectory. Adding to Shiba Inu's appeal is a recent buzz around the Shiba Inu Shibarium testnet. As of this writing, testnet had processed a whopping 13 million transactions and was swiftly closing in on the 14 million mark. This significant volume showcases the robust infrastructure of the Shiba Inu platform and its capacity to handle high-volume traffic. Moreover, Testnet is also contributing to Shiba Inu's growing network activity. Over 15 million wallets are now connected to Shiba Inu Shibarium's testnet. The all-time high of SHIB stands at $0.000074, recorded on October 29, 2021, a figure that coin aspires to revisit. Given its current momentum, such a target might be manageable. Dogecoin (DOGE) Dogecoin (DOGE), a pioneer of meme coins, is reclaiming the limelight. Despite recent price swings, this innovative cryptocurrency is showing signs of a promising upward shift, indicating potential bullish momentum. With its market capitalization standing at an impressive $10 billion and a trading volume of $200 million, Dogecoin is making its presence felt in cryptocurrency. These figures underscore significant investor interest and active trading in DOGE, a testament to its rising popularity. Following the launch of new meme coins on its platform, Dogecoin's transaction numbers have skyrocketed, reaching unprecedented highs. Dogecoin's daily transactions experienced a phenomenal 6,900% increase from 20,000 to 1.4 million within 30 days. This surge even outpaces Bitcoin's average daily transaction count of 532,000, illustrating Dogecoin's burgeoning appeal and potential to compete with Bitcoin. Moreover, the daily transaction value coursing through Dogecoin's network is approximately $400 million, contrasting with Bitcoin's $3.4 billion. This metric underlines Dogecoin's expanding influence in the crypto market. On-chain data points to a significant uptick in large-scale or 'whale' transactions on the Dogecoin network. DOGE transactions exceeding $100,000 have surged by over 150% in the past days, mirroring the broader market's return to a profitable state. These meme coins are more than just a product of internet culture; they have evolved into valuable assets with substantial market capitalization, widespread adoption, and solid community backing. Whether it's Pepe Coin's potential to compete with established coins, Rick Coin's integration, Dogecoin's chart patterns, or Shiba Inu's network activity, these coins are shaking up the crypto scene. As we move forward, it's clear that these meme coins will continue to play a significant role in the cryptocurrency market's dynamism and diversity. Disclaimer: This article is for informational purposes only. Meme coins are particularly volatile, and investing in cryptocurrency involves a significant risk of loss. Contact Details Bitcoin Weekly [email protected] View source version on newsdirect.com: https://newsdirect.com/news/top-trending-meme-coins-this-week-pepe-coin-shiba-inu-rick-coin-and-dogecoin-775604693", "Los Angeles, California --News Direct-- Bitcoin Weekly In the rapidly evolving world of digital currencies, meme coins have carved a significant niche for themselves. This week's top trending meme coins are Pepe Coin, Rick Coin, Dogecoin, and Shiba Inu. Each meme coin possesses unique characteristics and compelling backstories that could shape its future in the crypto market. So, let's delve deeper and unearth the potential these meme coins hold. Rick Coin (RICK) Rick Coin , an upcoming meme coin, is catching the crypto community's attention due to its significant potential. Rick Coin is being recognized for its growth prospects as its native token of GalaxyTrade.io. GalaxyTrade, whose beta version is already live, offers an advanced trading platform that is set to support all major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), popular meme coins like Dogecoin and Shiba Inu, Forex currencies such as USD and EUR, and even metals like Gold and Silver. Users will have the opportunity to trade with up to 100X leverage. GalaxyTrade's intuitive interface is designed to facilitate easy access to real-time chart monitoring, zero-slippage trades, and position tracking. This robust offering has already begun to attract both seasoned traders and those new to the crypto market. Furthermore, the platform's array of advanced order types, including market, limit, stop, and reduce-only orders, empower users with practical tools to manage risk/reward dynamics in their active positions. With Rick Coin at its core, GalaxyTrade is set to revolutionize cryptocurrency trading. Moreover, Rick Coin holders can provide liquidity in USDT or BNB, enabling them to back trader profits while receiving losses plus a share of protocol fees. By participating in this pooling system, they stand to earn real yield directly in the underlying asset they deposit. While staking allows holders to stake Rick Coin to earn a share of protocol fees. These include fees paid on order submission and pool deposits and withdrawals. It is a testament to Rick Coin's potential that GalaxyTrade, with its user-friendly interface and array of innovative features, has chosen it as the platform's native token. Story continues Pepe Coin (PEPE) The meme cryptocurrency sphere has a new star player - Pepe Coin (PEPE). Named after the internet meme Pepe Frog, the token has shot to prominence within just a month of its inception in April 2023. PEPE's market cap has already touched $1 billion, and it has caught the attention of major cryptocurrency exchanges, indicating a leap toward mainstream adoption. Kraken's addition of PEPE as its latest futures contract and Bitfinex's recent announcement to list PEPE underscores the growing popularity of PEPE. These developments could position PEPE as a competitor to established meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). The coin's recent trading activity is a testament to its growing clout. Despite some resistance, the PEPE price remained steady above the trendline of the triangle pattern. This movement suggests a bullish reversal could drive the price to $0.00000170, with a possible hurdle at $0.0000015. Despite its swift rise to a market cap of $1.75 billion from an initial market cap of $100,000, PEPE experienced a significant dip, currently hovering at around $573 million. Yet, the token's rapid rise in a short period underscores its potential and reflects the influence of meme culture in the crypto market . Shiba Inu (SHIB) Shiba Inu ( SHIB ) stands out this week, drawing attention with a significant uptick in on-chain activity and a significant rise in its market cap. Over the past week, Shiba Inu saw a dramatic 76.25% increase in new address creation, reflecting a growing interest in this meme coin. The range of transaction sizes also saw a significant jump, with those between $10.00 and $100.00 increasing by 46.36% and those ranging from $100.00 to $1k surging by 41.66%. Shiba Inu's price data further emphasizes its bullish trend. Shiba Inu hit a 52-week high of $0.000016 on August 14, 2022, and its market cap reached a record $10.01 billion, underscoring its massive appeal. SHIB has experienced a modest 24-hour price increase of 0.95%, reinforcing its growth trajectory. Adding to Shiba Inu's appeal is a recent buzz around the Shiba Inu Shibarium testnet. As of this writing, testnet had processed a whopping 13 million transactions and was swiftly closing in on the 14 million mark. This significant volume showcases the robust infrastructure of the Shiba Inu platform and its capacity to handle high-volume traffic. Moreover, Testnet is also contributing to Shiba Inu's growing network activity. Over 15 million wallets are now connected to Shiba Inu Shibarium's testnet. The all-time high of SHIB stands at $0.000074, recorded on October 29, 2021, a figure that coin aspires to revisit. Given its current momentum, such a target might be manageable. Dogecoin (DOGE) Dogecoin (DOGE), a pioneer of meme coins, is reclaiming the limelight. Despite recent price swings, this innovative cryptocurrency is showing signs of a promising upward shift, indicating potential bullish momentum. With its market capitalization standing at an impressive $10 billion and a trading volume of $200 million, Dogecoin is making its presence felt in cryptocurrency. These figures underscore significant investor interest and active trading in DOGE, a testament to its rising popularity. Following the launch of new meme coins on its platform, Dogecoin's transaction numbers have skyrocketed, reaching unprecedented highs. Dogecoin's daily transactions experienced a phenomenal 6,900% increase from 20,000 to 1.4 million within 30 days. This surge even outpaces Bitcoin's average daily transaction count of 532,000, illustrating Dogecoin's burgeoning appeal and potential to compete with Bitcoin. Moreover, the daily transaction value coursing through Dogecoin's network is approximately $400 million, contrasting with Bitcoin's $3.4 billion. This metric underlines Dogecoin's expanding influence in the crypto market. On-chain data points to a significant uptick in large-scale or 'whale' transactions on the Dogecoin network. DOGE transactions exceeding $100,000 have surged by over 150% in the past days, mirroring the broader market's return to a profitable state. These meme coins are more than just a product of internet culture; they have evolved into valuable assets with substantial market capitalization, widespread adoption, and solid community backing. Whether it's Pepe Coin's potential to compete with established coins, Rick Coin's integration, Dogecoin's chart patterns, or Shiba Inu's network activity, these coins are shaking up the crypto scene. As we move forward, it's clear that these meme coins will continue to play a significant role in the cryptocurrency market's dynamism and diversity. Disclaimer: This article is for informational purposes only. Meme coins are particularly volatile, and investing in cryptocurrency involves a significant risk of loss. Contact Details Bitcoin Weekly [email protected] View source version on newsdirect.com: https://newsdirect.com/news/top-trending-meme-coins-this-week-pepe-coin-shiba-inu-rick-coin-and-dogecoin-775604693", 'Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history.\nRepublican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America’s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per theAssociated Press.\n“Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,” Biden said on Twitter on Saturday. “Over the next day, our negotiating teams will finalize legislative text.”\nMeanwhile, Bitcoin had climbed 2.9% over the past day to around $27,500, according toCoinGecko. Ethereum was up 1.4% to around $1,850 as well, as both coins posted gains of 2.5% over the past week.\nSome altcoins, including Cardano and Solana, outpaced those gains, rising 3.4% and 5.2%, respectively, according to CoinGecko. The only top-20-coin by market capitalization in the red was Tron’s TRX, down 0.4% to $0.076 over the past day. But Tron still hada good weekoverall.\nOn Twitter, cryptocurrency trader @Rager attributed the increase in Bitcoin’s price to the parting clouds on Capitol Hill. “Thanks for the weekend pump, White House,” he wrote.\nThe stakes are high as America’s coffers begin to run dry, Treasury Secretary Janet Yellenwarnedweeks ago, explaining that the U.S. would be shaken by an “economic catastrophe” if Washington failed to raise the debt ceiling in time.\nThe disagreement between Democrats and Republicans has dragged on for weeks as the country quickly approaches what the White House has described as America’s “X-date,” the point at which the government can no longer meet its debt obligations. That day could come as early as June 1,accordingto Yellen.\nOn May 8, Yellen acknowledged there was a “big gap” between Republicans and the president on raising the debt ceiling. Onesticking point, according to Biden, was “wealthy tax cheats and crypto traders” that he said shouldn’t be protected under a deal.\nBased on media reports, it was unclear whether Republicans had agreed to certain measures on the debt ceiling bill that would impact crypto investors. McCarthy told reporters on Sunday that the compromise “doesn’t get everything everybody wanted,” according to theAssociated Press.\nAnalysts toldDecryptlast week that a default was unlikely, citing previous debt-ceiling debacles that ended in last-minute deals like in 2011. But, counterintuitively, several experts saidcrypto prices could slideas investors flee to safe-haven assets like the dollar during periods of market stress.\nAs June 1 looms, it remains unclear whether Washington can pull it together in time or what impact a last-minute deal could have on markets. But, for the time being, it appears crypto markets are pricing in some faith on the bipartisan front.', 'Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history.\nRepublican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America’s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per theAssociated Press.\n“Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,” Biden said on Twitter on Saturday. “Over the next day, our negotiating teams will finalize legislative text.”\nMeanwhile, Bitcoin had climbed 2.9% over the past day to around $27,500, according toCoinGecko. Ethereum was up 1.4% to around $1,850 as well, as both coins posted gains of 2.5% over the past week.\nSome altcoins, including Cardano and Solana, outpaced those gains, rising 3.4% and 5.2%, respectively, according to CoinGecko. The only top-20-coin by market capitalization in the red was Tron’s TRX, down 0.4% to $0.076 over the past day. But Tron still hada good weekoverall.\nOn Twitter, cryptocurrency trader @Rager attributed the increase in Bitcoin’s price to the parting clouds on Capitol Hill. “Thanks for the weekend pump, White House,” he wrote.\nThe stakes are high as America’s coffers begin to run dry, Treasury Secretary Janet Yellenwarnedweeks ago, explaining that the U.S. would be shaken by an “economic catastrophe” if Washington failed to raise the debt ceiling in time.\nThe disagreement between Democrats and Republicans has dragged on for weeks as the country quickly approaches what the White House has described as America’s “X-date,” the point at which the government can no longer meet its debt obligations. That day could come as early as June 1,accordingto Yellen.\nOn May 8, Yellen acknowledged there was a “big gap” between Republicans and the president on raising the debt ceiling. Onesticking point, according to Biden, was “wealthy tax cheats and crypto traders” that he said shouldn’t be protected under a deal.\nBased on media reports, it was unclear whether Republicans had agreed to certain measures on the debt ceiling bill that would impact crypto investors. McCarthy told reporters on Sunday that the compromise “doesn’t get everything everybody wanted,” according to theAssociated Press.\nAnalysts toldDecryptlast week that a default was unlikely, citing previous debt-ceiling debacles that ended in last-minute deals like in 2011. But, counterintuitively, several experts saidcrypto prices could slideas investors flee to safe-haven assets like the dollar during periods of market stress.\nAs June 1 looms, it remains unclear whether Washington can pull it together in time or what impact a last-minute deal could have on markets. But, for the time being, it appears crypto markets are pricing in some faith on the bipartisan front.', 'Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history. Republican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America\x92s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per the Associated Press . \x93Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,\x94 Biden said on Twitter on Saturday. \x93Over the next day, our negotiating teams will finalize legislative text.\x94 Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle. It is an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone. And, the agreement protects my and\x85 \x97 President Biden (@POTUS) May 28, 2023 Meanwhile, Bitcoin had climbed 2.9% over the past day to around $27,500, according to CoinGecko . Ethereum was up 1.4% to around $1,850 as well, as both coins posted gains of 2.5% over the past week. Some altcoins, including Cardano and Solana, outpaced those gains, rising 3.4% and 5.2%, respectively, according to CoinGecko. The only top-20-coin by market capitalization in the red was Tron\x92s TRX, down 0.4% to $0.076 over the past day. But Tron still had a good week overall. On Twitter, cryptocurrency trader @Rager attributed the increase in Bitcoin\x92s price to the parting clouds on Capitol Hill. \x93Thanks for the weekend pump, White House,\x94 he wrote. Thanks for the weekend pump White House $BTC pic.twitter.com/sQlv1LvKsD \x97 Rager (@Rager) May 28, 2023 The stakes are high as America\x92s coffers begin to run dry, Treasury Secretary Janet Yellen warned weeks ago, explaining that the U.S. would be shaken by an \x93economic catastrophe\x94 if Washington failed to raise the debt ceiling in time. Story continues The disagreement between Democrats and Republicans has dragged on for weeks as the country quickly approaches what the White House has described as America\x92s \x93 X-date ,\x94 the point at which the government can no longer meet its debt obligations. That day could come as early as June 1, according to Yellen. On May 8, Yellen acknowledged there was a \x93big gap\x94 between Republicans and the president on raising the debt ceiling. One sticking point , according to Biden, was \x93 wealthy tax cheats and crypto traders \x94 that he said shouldn\x92t be protected under a deal. Based on media reports, it was unclear whether Republicans had agreed to certain measures on the debt ceiling bill that would impact crypto investors. McCarthy told reporters on Sunday that the compromise \x93doesn\x92t get everything everybody wanted,\x94 according to the Associated Press . Analysts told Decrypt last week that a default was unlikely, citing previous debt-ceiling debacles that ended in last-minute deals like in 2011. But, counterintuitively, several experts said crypto prices could slide as investors flee to safe-haven assets like the dollar during periods of market stress. As June 1 looms, it remains unclear whether Washington can pull it together in time or what impact a last-minute deal could have on markets. But, for the time being, it appears crypto markets are pricing in some faith on the bipartisan front.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $526,943,966,162 - Hash Rate: 394100656.8121559 - Transaction Count: 496158.0 - Unique Addresses: 647993.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon’s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June. See related article:Bitcoin network buckles under weight of BRC-20’s runaway success Bitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, losing 6.63% for the week. The world’s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28. Congestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when theBRC-20 token standardwas introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcherJochen Hoenicke. The jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor,emailedthe Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which “threaten the smooth and normal use of the Bitcoin network as a peer-to-peer digital currency.” Bitcoin’s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world’s leading market makers, are reportedly quitting digital asset trading in the U.S., according to aBloombergreport on Wednesday. Ether fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3. The Beacon Chain of the Ethereum Network brieflystopped validating transactionson early Friday morning, with Ethereum developerstweetinglater that the outage had been resolved and the cause still under investigation. All other top 10 non-stablecoin cryptocurrencies traded lower. Polygon’s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023. The total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week. NFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data fromCryptoSlam. NFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%. Memecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data trackerBRC-20.io. U.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks. The U.S.producer price index(PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according toReuterson Thursday. U.S.initial jobless claimsrose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a ThursdayBloombergreport. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June. On U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lendersaidits deposits declined approximately 9.5% in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year. President Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according toCNNon Thursday, with the negotiations making little progress so far. The Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday. (Updates with equity section.) See related article:Japan looks to regain its place in the cryptocurrency world pecking order... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.\nInsights:China didn\'t say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,209\n+44.9▲3.9%\nBitcoin (BTC)\n$28,249\n+1404.6▲5.2%\nEthereum (ETH)\n$1,917\n+89.4▲4.9%\nS&P 500\n4,205.45\n+54.2▲1.3%\nGold\n$1,960\n+16.0▲0.8%\nNikkei 225\n30,916.31\n+115.2▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,209", "+44.9\\u25b23.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,249", "+1404.6\\u25b25.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,917", "+89.4\\u25b24.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.45", "+54.2\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,960", "+16.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,916.31", "+115.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto is beginning the Asia trading day well into the green after theWhite House announcedthat a deal to avert a debt ceiling crisis has been reached.\nBitcoin is starting the Asia trading day up 5% to $28,249, while ether is up 4.9% to $1,917. Overall, the CoinDesk Market Index (CMI) is up 4% to 1,209.\nBitcoin is still down 2.8% during the past month, as the looming debt ceiling crisisweighed heavilyon the asset class.\n"Bitcoin found support around $25K and consolidated for about two weeks before rallying today," Joe DiPasquale, CEO of crypto fund manager BitBull Capital wrote in an email. "Whether this move continues till $30K remains to be seen, but we expect the market leader to test that key resistance once again in the near term."\nDiPasquale added: On the flip side, the range between $22K and $25K is acting as a reliable support for bulls."\nHouse Speaker Kevin McCarthy told reporters over the weekend that there\'s still work to be done on the bill, anticipating its completion by Sunday, and a vote by Wednesday.\nMeanwhile, President Biden said the deal is "an important step forward" in a statement, calling it a compromise.\nStock markets in Asia are also opening strong on the news. In Japan, the Nikkei 225 was up 2% in the first 30 minutes of trading, while Australia’s ASX 200 was up 1.18%.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.5%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nChina’s Web3 Isn’t Our Web3\nOver the weekend, authorities at the Beijing Municipal Science & Technology Commission, which oversees the Zhongguancun Chaoyang Park – a cluster of China’s top tech companies and academic institutions – released a whitepaper outliningsuggestions for China’s web3 policy.\nOn Crypto Twitter, this excited the usual crowd, egged on by a tweet from Binance CEO Changpeng Zhao, who said the timing was “interesting” considering Hong Kong’s soon-to-be-enabled crypto regulatory framework on June 1.\nBut the reality is this whitepaper is more of China’s existing policy of blockchain-not-crypto.\nWeb3, in China, means an internet enhanced by artificial intelligence, blockchain, faster computing chips and more resilient networks.\nThe whitepaper is more interested in defining – and enhancing – the layers of infrastructure behind the internet, which it identifies as the infrastructure layer, interactive terminal layer, platform tool layer and application layer, in a way that’s reminiscent of theOpen Systems Interconnection (OSI) model of network layers, which has been the bible of network topology since the 1980s.\nAnd by no means is this a bad thing. It might be time that our understanding of a network layer is updated to account for new technologies, and China is keen to write thenext generation of technology standardsto wrestle that away from a U.S.-led Western technology trade bloc.\nBut this doesn’t have anything to do with crypto.\nBulls of the China narrative say that mainland China is only a few steps behind Hong Kong in opening its doors to crypto trading, just like how it looked to the semi-autonomous territory for lessons in stock markets before opening its own. This might be the case now, but a lot has to be figured out before then, such as how to allow crypto trading to exist without running into conflict with mainland China’s rules on capital control.\nThat’s the subject for another day, though. Meanwhile, China isn’t embracing crypto – yet.\nU.S. Memorial Day holiday\n5 p.m. HKT/SGT(9 a.m. UTC):Italy non-E.U. trade balance (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDigital Currency Group Shutters TradeBlock; State of Crypto Hacks in 2023\nDigital Currency Group (DCG), the parent company of CoinDesk, closed its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. Gerber Kawasaki director of Get Invested Brett Sifling shared his crypto markets analysis. Plus, Columbia Business School adjunct professor Austin Campbell discussed the state of stablecoin regulation in the U.S. And TRM Labs head of legal and government affairs Ari Redbord explained why crypto hacks are down significantly in the first three months of 2023.\nStriving for the Impossible: Reasonable Crypto Debate:Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows.\nBinance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl:With facts hard to come by, a coterie of crypto players are taking action.\nStablecoin Issuer Lybra Finance Nears $100M in TVL:Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin.\nGulf Binance Clinches Thai Regulatory Approval:The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year.\nStablecoins Are the \'Glue\' Between the Real Economy and Blockchain: Binance Japan General Manager:Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange\'s Takeshi Chino.\nUPDATE (May 29, 2023, 1:10 UTC):Adds Joe DiPasquale comment.', 'Good morning. Here’s what’s happening:\nPrices:Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.\nInsights:China didn\'t say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,209\n+44.9▲3.9%\nBitcoin (BTC)\n$28,249\n+1404.6▲5.2%\nEthereum (ETH)\n$1,917\n+89.4▲4.9%\nS&P 500\n4,205.45\n+54.2▲1.3%\nGold\n$1,960\n+16.0▲0.8%\nNikkei 225\n30,916.31\n+115.2▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,209", "+44.9\\u25b23.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,249", "+1404.6\\u25b25.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,917", "+89.4\\u25b24.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.45", "+54.2\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,960", "+16.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,916.31", "+115.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto is beginning the Asia trading day well into the green after theWhite House announcedthat a deal to avert a debt ceiling crisis has been reached.\nBitcoin is starting the Asia trading day up 5% to $28,249, while ether is up 4.9% to $1,917. Overall, the CoinDesk Market Index (CMI) is up 4% to 1,209.\nBitcoin is still down 2.8% during the past month, as the looming debt ceiling crisisweighed heavilyon the asset class.\n"Bitcoin found support around $25K and consolidated for about two weeks before rallying today," Joe DiPasquale, CEO of crypto fund manager BitBull Capital wrote in an email. "Whether this move continues till $30K remains to be seen, but we expect the market leader to test that key resistance once again in the near term."\nDiPasquale added: On the flip side, the range between $22K and $25K is acting as a reliable support for bulls."\nHouse Speaker Kevin McCarthy told reporters over the weekend that there\'s still work to be done on the bill, anticipating its completion by Sunday, and a vote by Wednesday.\nMeanwhile, President Biden said the deal is "an important step forward" in a statement, calling it a compromise.\nStock markets in Asia are also opening strong on the news. In Japan, the Nikkei 225 was up 2% in the first 30 minutes of trading, while Australia’s ASX 200 was up 1.18%.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.5%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nChina’s Web3 Isn’t Our Web3\nOver the weekend, authorities at the Beijing Municipal Science & Technology Commission, which oversees the Zhongguancun Chaoyang Park – a cluster of China’s top tech companies and academic institutions – released a whitepaper outliningsuggestions for China’s web3 policy.\nOn Crypto Twitter, this excited the usual crowd, egged on by a tweet from Binance CEO Changpeng Zhao, who said the timing was “interesting” considering Hong Kong’s soon-to-be-enabled crypto regulatory framework on June 1.\nBut the reality is this whitepaper is more of China’s existing policy of blockchain-not-crypto.\nWeb3, in China, means an internet enhanced by artificial intelligence, blockchain, faster computing chips and more resilient networks.\nThe whitepaper is more interested in defining – and enhancing – the layers of infrastructure behind the internet, which it identifies as the infrastructure layer, interactive terminal layer, platform tool layer and application layer, in a way that’s reminiscent of theOpen Systems Interconnection (OSI) model of network layers, which has been the bible of network topology since the 1980s.\nAnd by no means is this a bad thing. It might be time that our understanding of a network layer is updated to account for new technologies, and China is keen to write thenext generation of technology standardsto wrestle that away from a U.S.-led Western technology trade bloc.\nBut this doesn’t have anything to do with crypto.\nBulls of the China narrative say that mainland China is only a few steps behind Hong Kong in opening its doors to crypto trading, just like how it looked to the semi-autonomous territory for lessons in stock markets before opening its own. This might be the case now, but a lot has to be figured out before then, such as how to allow crypto trading to exist without running into conflict with mainland China’s rules on capital control.\nThat’s the subject for another day, though. Meanwhile, China isn’t embracing crypto – yet.\nU.S. Memorial Day holiday\n5 p.m. HKT/SGT(9 a.m. UTC):Italy non-E.U. trade balance (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDigital Currency Group Shutters TradeBlock; State of Crypto Hacks in 2023\nDigital Currency Group (DCG), the parent company of CoinDesk, closed its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. Gerber Kawasaki director of Get Invested Brett Sifling shared his crypto markets analysis. Plus, Columbia Business School adjunct professor Austin Campbell discussed the state of stablecoin regulation in the U.S. And TRM Labs head of legal and government affairs Ari Redbord explained why crypto hacks are down significantly in the first three months of 2023.\nStriving for the Impossible: Reasonable Crypto Debate:Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows.\nBinance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl:With facts hard to come by, a coterie of crypto players are taking action.\nStablecoin Issuer Lybra Finance Nears $100M in TVL:Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin.\nGulf Binance Clinches Thai Regulatory Approval:The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year.\nStablecoins Are the \'Glue\' Between the Real Economy and Blockchain: Binance Japan General Manager:Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange\'s Takeshi Chino.\nUPDATE (May 29, 2023, 1:10 UTC):Adds Joe DiPasquale comment.', 'Good morning. Here’s what’s happening: Prices: Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively. Insights: China didn\'t say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies. Prices CoinDesk Market Index (CMI) 1,209 +44.9 ▲ 3.9% Bitcoin (BTC) $28,249 +1404.6 ▲ 5.2% Ethereum (ETH) $1,917 +89.4 ▲ 4.9% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +16.0 ▲ 0.8% Nikkei 225 30,916.31 +115.2 ▲ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,209 +44.9 ▲ 3.9% Bitcoin (BTC) $28,249 +1404.6 ▲ 5.2% Ethereum (ETH) $1,917 +89.4 ▲ 4.9% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +16.0 ▲ 0.8% Nikkei 225 30,916.31 +115.2 ▲ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto is beginning the Asia trading day well into the green after the White House announced that a deal to avert a debt ceiling crisis has been reached. Bitcoin is starting the Asia trading day up 5% to $28,249, while ether is up 4.9% to $1,917. Overall, the CoinDesk Market Index (CMI) is up 4% to 1,209. Bitcoin is still down 2.8% during the past month, as the looming debt ceiling crisis weighed heavily on the asset class. "Bitcoin found support around $25K and consolidated for about two weeks before rallying today," Joe DiPasquale, CEO of crypto fund manager BitBull Capital wrote in an email. "Whether this move continues till $30K remains to be seen, but we expect the market leader to test that key resistance once again in the near term." DiPasquale added: On the flip side, the range between $22K and $25K is acting as a reliable support for bulls." House Speaker Kevin McCarthy told reporters over the weekend that there\'s still work to be done on the bill, anticipating its completion by Sunday, and a vote by Wednesday. Story continues Meanwhile, President Biden said the deal is "an important step forward" in a statement, calling it a compromise. Stock markets in Asia are also opening strong on the news. In Japan, the Nikkei 225 was up 2% in the first 30 minutes of trading, while Australia’s ASX 200 was up 1.18%. Biggest Gainers Asset Ticker Returns DACS Sector Bitcoin BTC +5.5% Currency Cardano ADA +4.9% Smart Contract Platform Ethereum ETH +4.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights China’s Web3 Isn’t Our Web3 Over the weekend, authorities at the Beijing Municipal Science & Technology Commission, which oversees the Zhongguancun Chaoyang Park – a cluster of China’s top tech companies and academic institutions – released a whitepaper outlining suggestions for China’s web3 policy. On Crypto Twitter, this excited the usual crowd, egged on by a tweet from Binance CEO Changpeng Zhao, who said the timing was “interesting” considering Hong Kong’s soon-to-be-enabled crypto regulatory framework on June 1. But the reality is this whitepaper is more of China’s existing policy of blockchain-not-crypto. Web3, in China, means an internet enhanced by artificial intelligence, blockchain, faster computing chips and more resilient networks. The whitepaper is more interested in defining – and enhancing – the layers of infrastructure behind the internet, which it identifies as the infrastructure layer, interactive terminal layer, platform tool layer and application layer, in a way that’s reminiscent of the Open Systems Interconnection (OSI) model of network layers , which has been the bible of network topology since the 1980s. And by no means is this a bad thing. It might be time that our understanding of a network layer is updated to account for new technologies, and China is keen to write the next generation of technology standards to wrestle that away from a U.S.-led Western technology trade bloc. But this doesn’t have anything to do with crypto. Bulls of the China narrative say that mainland China is only a few steps behind Hong Kong in opening its doors to crypto trading, just like how it looked to the semi-autonomous territory for lessons in stock markets before opening its own. This might be the case now, but a lot has to be figured out before then, such as how to allow crypto trading to exist without running into conflict with mainland China’s rules on capital control. That’s the subject for another day, though. Meanwhile, China isn’t embracing crypto – yet. Important events. U.S. Memorial Day holiday 5 p.m. HKT/SGT(9 a.m. UTC): Italy non-E.U. trade balance (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Digital Currency Group Shutters TradeBlock; State of Crypto Hacks in 2023 Digital Currency Group (DCG), the parent company of CoinDesk, closed its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. Gerber Kawasaki director of Get Invested Brett Sifling shared his crypto markets analysis. Plus, Columbia Business School adjunct professor Austin Campbell discussed the state of stablecoin regulation in the U.S. And TRM Labs head of legal and government affairs Ari Redbord explained why crypto hacks are down significantly in the first three months of 2023. Headlines Striving for the Impossible: Reasonable Crypto Debate: Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows. Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl: With facts hard to come by, a coterie of crypto players are taking action. Stablecoin Issuer Lybra Finance Nears $100M in TVL: Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin. Gulf Binance Clinches Thai Regulatory Approval: The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year. Stablecoins Are the \'Glue\' Between the Real Economy and Blockchain: Binance Japan General Manager: Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange\'s Takeshi Chino. UPDATE (May 29, 2023, 1:10 UTC): Adds Joe DiPasquale comment.', 'By Dhara Ranasinghe\nLONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal.\nU.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.\nHaving briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen.\nThe dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks.\nThe pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States.\n"An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore.\n"But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask."\nThe agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets.\nSPAIN ELECTION\nIn Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain.\nSpanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday.\nUpbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows.\nThe Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058.\n"We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank.\n"Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date."\nU.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1.\nTalk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate.\nThe dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May.\nData on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.\nMoney markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago.\nElsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade.\nBitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on.\n(Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'By Dhara Ranasinghe\nLONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal.\nU.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.\nHaving briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen.\nThe dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks.\nThe pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States.\n"An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore.\n"But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask."\nThe agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets.\nSPAIN ELECTION\nIn Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain.\nSpanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday.\nUpbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows.\nThe Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058.\n"We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank.\n"Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date."\nU.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1.\nTalk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate.\nThe dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May.\nData on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.\nMoney markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago.\nElsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade.\nBitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on.\n(Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'By Dhara Ranasinghe LONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote. Having briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen. The dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks. The pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States. "An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore. "But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask." The agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets. SPAIN ELECTION In Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain. Spanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday. Upbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows. The Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058. Story continues "We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank. "Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date." U.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1. Talk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate. The dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May. Data on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy. Money markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago. Elsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. Bitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on. (Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'By Dhara Ranasinghe LONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote. Having briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen. The dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks. The pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States. "An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore. "But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask." The agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets. SPAIN ELECTION In Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain. Spanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday. Upbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows. The Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058. Story continues "We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank. "Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date." U.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1. Talk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate. The dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May. Data on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy. Money markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago. Elsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. Bitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on. (Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways – when they run out of money.\nCoinDesk spoke to employees and senior executives at six prominent Indian crypto platforms – CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus. Several of these exchanges said their runways range from 21 months to four years, which can, if true, likely take them into the next bull market. CoinSwitch and ZebPay did not share their financial runway timelines.\nThe survival of India’s crypto exchanges has been a concern since Feb. 1, 2022, when the nation announcedstiff taxes– a 30% tax on crypto profits and the morecontroversial1% tax deducted at source (TDS) on all transactions. At the time, local industry leaders said they had entered a “period of pain” but that "ultimately, technology always emerges, it always wins."\nSigns of a crypto “brain drain” emerged within weeks. Ten days after the taxes were implemented, crypto trading volumesplummeted, in some cases more than 70%. India’s government then imposed a "shadow ban,” which saw localpayment processors cut offbanking access to crypto exchanges.\nFour months into the imposition of the 30% tax, the industry’s advocacy body was disbanded and enforcement agencies wereinvestigatingat least 10 crypto exchanges for allegedly assisting foreign firms launder money via crypto. Soon, the world took note and global industry leaders such as Binance CEO Changpeng ‘CZ’ ZhaoclaimedIndia’s taxes would probably “kill the industry” in the country.\nBy 2023, data revealed crypto traffic in the nation continued itsnosediveand that Indians had moved more than$3.8 billionin trading volume from local to international crypto exchanges.\nIndia, as president of the Group of 20 (G-20) in 2023, has prioritized framing globally coordinated rules for the crypto sector. As a result, experts say, it needed to align with the guidelines of the global standard setter, the Financial Action Task Force (FATF) on virtual assets byincludingIndian crypto business under anti-money laundering rules.\nThis move, which adds some legitimacy to the sector by way of setting up regulatory oversight, has fueled a little optimism among Indian exchanges on the local industry’s longevity, even if the nation doesn’t change its tax regime, according to several industry officials. But they don’t have an answer to what happens if the tax regime stays the same – and are taking various steps to guard against such a scenario.\nRead More:India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?\nIndian crypto exchange CoinDCX is weathering the storm by diversifying and banking on its recent series D funding of $135 million.\n“We have a runway of four years,” under present conditions, said Neeraj Khandelwal, co-founder of CoinDCX and Okto. “Our biggest bet is on ourOkto Wallet. We believe DeFi [decentralized finance] will offer 10X value eventually as only6.5 millionDeFi customers exist, while there are400 millioncrypto investors.”\nCoinDCX has been leading engagement with lawmakers through the industry’s policy advocacy body, Khandelwal said,exemplified by a recent event, and has emerged as a major player in the Indian crypto industry afterrecent setbacksfaced by WazirX, who ostensibly led the industry in policy engagement before CoinDCX.\nIts strategy, Khandelwal says, is “investing heavily in innovation and technology,” including hiring in the space “even now” as we “never overhired.”\nWazirX,India’s biggest exchange by trading volume until recently, continues to survive despite a tumultuous year.\nThe exchange’s future seemed uncertain when its founder Nischal Shetty moved from India to Dubai to focus on anew projectlate last year. Later, Indian agencies that wereinvestigatinglocal crypto exchangesraided properties tied to a director of WazirX. Shortly after, Binance CEO Zhao and Shetty were involved in apublic spatover who truly controls the exchange – a quarrel thatcontinues to this day.\nThe events have seen the exchange lay off40% of its staff. Yet, the exchange has a 21-month runway, said an employee who was not authorized to speak publicly about the company. “But employees who deserve pay hikes won’t be getting them,” he said.\nWazirX’s survival strategy is to renegotiate contracts with partners including software vendors, the person said. Unlike some other exchanges, WazirX will not be diversifying. It will stay focused on crypto.\n“That’s what the founders enshrined into us,” the person said. “The idea is to survive because [the] Bitcoin halving is going to happen in May 2024 when, we hope, a bull run will come. By then, if things don’t break, we should be around to see it.”The Bitcoin halvingis when the total number of bitcoin that miners can potentially win is halved. This happens roughly every four years.\nWazirX also plans to “keep chipping away at costs constantly to extend the runway” and capitalize on its 15 million registered users to attract lucrative partnerships, like a recent one with tax solutions providerTaxNodes.\nCoinSwitch shed “Kuber” from its previous name, CoinSwitch Kuber, and pivoted from being a crypto exchange to a crypto investment platform.\nThis occurred as India’s taxes, the crypto winter and the ire of Indian agencies all hit the platform hard. CoinSwitch properties wereraided by Indian agenciesin August 2022.\n“CoinSwitch has always been conscious of its expenses,” said Ashish Singhal, the company’s co-founder and CEO. “Today, we are proudly serving more than 19 million registered users, and are excited to grow and evolve with them by providing them with a diverse range of investment options, including fixed deposits (FD), mutual funds, Indian stocks, and more.”\nWithout giving a timeline on its runway, Singhal said “our healthy runway gives us enough ammunition to invest in our long-term vision – to be a one-stop wealth-tech destination for Indians.”\nSinghal also said his company has “strengthened its leadership team by hiring industry experts,” presumably to navigate regulators, even if he added that the recent step to bring crypto businesses under anti-money laundering rules was a “significant positive advancement.”\nOne of India’s first crypto exchanges, ZebPay, also refused to share a timeline on its runway. But Chief Revenue Officer Nirmal Ranga said it had support from an unnamed subsidiary in Singapore, in the event it loses customers, the bear market extends or things generally go from bad to worse.\n“Our internal revenue strategy is to increase the lending value of our customers and concentrate on user growth,” Ranga said. “We are also trying to create interest for institutional investment.”\nGiven ZebPay’s team has seen crypto’s early up and down cycles, it follows two ways to survive – “use profits made during previous bull runs or use funds from marketing partnerships or investors,” Ranga said. Like WazirX, ZebPay also has a partnership with TaxNodes.\nAnother early player in the Indian crypto space, BuyUCoin, said its runway extends until early 2025.\n“By the end of 2024, we will see a good bull run,” said Atulya Bhatt, its co-founder. “Crypto is a seasonal market and every four years bitcoin goes up and down. It will take 10 years for crypto to become completely sustainable.”\nNevertheless, BuyUCoin had to lay off 10% of its 100 people workforce, Bhatt said. At the same time, BuyUCoin has set up sister companies in Estonia and Singapore as part of a global expansion plan.\n“Since we have never raised funds, we can now, given interest from partners across the globe,” he said.\nAfter FTX’s implosion, crypto entities scrambled to publish proof of reserves. Giottus, a lesser-known Indian exchangerecognizedfor its staking service andmultilingual optionsin the country,saidit would provide customers with proof of reserves, while rivals remained silent.\n“We have a two-year runway under the current conditions,” said Vikram Subburaj, Giottus\' co-founder and CEO. “Our focus is completely on bringing in operational excellence, building your products right, drastically cutting marketing and acquisition expenses, and reducing perceived risks associated with exchanges.”\nIn terms of employees, Subburaj said Giottus had a compact marketing team even during bull runs and like others, it partnered with TaxNodes to improve operational support.\nRead More:Indian Authorities Asked to Restore Crypto Exchanges\' Access to UPI', 'Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways – when they run out of money. CoinDesk spoke to employees and senior executives at six prominent Indian crypto platforms – CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus. Several of these exchanges said their runways range from 21 months to four years, which can, if true, likely take them into the next bull market. CoinSwitch and ZebPay did not share their financial runway timelines. The survival of India’s crypto exchanges has been a concern since Feb. 1, 2022, when the nation announced stiff taxes – a 30% tax on crypto profits and the more controversial 1% tax deducted at source (TDS) on all transactions. At the time, local industry leaders said they had entered a “ period of pain ” but that "ultimately, technology always emerges, it always wins." Signs of a crypto “brain drain” emerged within weeks. Ten days after the taxes were implemented, crypto trading volumes plummeted , in some cases more than 70%. India’s government then imposed a " shadow ban ,” which saw local payment processors cut off banking access to crypto exchanges. Four months into the imposition of the 30% tax, the industry’s advocacy body was disbanded and enforcement agencies were investigating at least 10 crypto exchanges for allegedly assisting foreign firms launder money via crypto. Soon, the world took note and global industry leaders such as Binance CEO Changpeng ‘CZ’ Zhao claimed India’s taxes would probably “ kill the industry ” in the country. By 2023, data revealed crypto traffic in the nation continued its nosedive and that Indians had moved more than $3.8 billion in trading volume from local to international crypto exchanges. India, as president of the Group of 20 (G-20) in 2023, has prioritized framing globally coordinated rules for the crypto sector. As a result, experts say, it needed to align with the guidelines of the global standard setter, the Financial Action Task Force (FATF) on virtual assets by including Indian crypto business under anti-money laundering rules. Story continues This move, which adds some legitimacy to the sector by way of setting up regulatory oversight, has fueled a little optimism among Indian exchanges on the local industry’s longevity, even if the nation doesn’t change its tax regime, according to several industry officials. But they don’t have an answer to what happens if the tax regime stays the same – and are taking various steps to guard against such a scenario. Read More: India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power? CoinDCX Indian crypto exchange CoinDCX is weathering the storm by diversifying and banking on its recent series D funding of $135 million. “We have a runway of four years,” under present conditions, said Neeraj Khandelwal, co-founder of CoinDCX and Okto. “Our biggest bet is on our Okto Wallet . We believe DeFi [decentralized finance] will offer 10X value eventually as only 6.5 million DeFi customers exist, while there are 400 million crypto investors.” CoinDCX has been leading engagement with lawmakers through the industry’s policy advocacy body, Khandelwal said, exemplified by a recent event , and has emerged as a major player in the Indian crypto industry after recent setbacks faced by WazirX, who ostensibly led the industry in policy engagement before CoinDCX. Its strategy, Khandelwal says, is “investing heavily in innovation and technology,” including hiring in the space “even now” as we “never overhired.” WazirX WazirX, India’s biggest exchange by trading volume until recently , continues to survive despite a tumultuous year. The exchange’s future seemed uncertain when its founder Nischal Shetty moved from India to Dubai to focus on a new project late last year. Later, Indian agencies that were investigating local crypto exchanges raided properties tied to a director of WazirX . Shortly after, Binance CEO Zhao and Shetty were involved in a public spat over who truly controls the exchange – a quarrel that continues to this day . The events have seen the exchange lay off 40% of its staff . Yet, the exchange has a 21-month runway, said an employee who was not authorized to speak publicly about the company. “But employees who deserve pay hikes won’t be getting them,” he said. WazirX’s survival strategy is to renegotiate contracts with partners including software vendors, the person said. Unlike some other exchanges, WazirX will not be diversifying. It will stay focused on crypto. “That’s what the founders enshrined into us,” the person said. “The idea is to survive because [the] Bitcoin halving is going to happen in May 2024 when, we hope, a bull run will come. By then, if things don’t break, we should be around to see it.” The Bitcoin halving is when the total number of bitcoin that miners can potentially win is halved. This happens roughly every four years. WazirX also plans to “keep chipping away at costs constantly to extend the runway” and capitalize on its 15 million registered users to attract lucrative partnerships, like a recent one with tax solutions provider TaxNodes . CoinSwitch CoinSwitch shed “Kuber” from its previous name, CoinSwitch Kuber, and pivoted from being a crypto exchange to a crypto investment platform. This occurred as India’s taxes, the crypto winter and the ire of Indian agencies all hit the platform hard. CoinSwitch properties were raided by Indian agencies in August 2022. “CoinSwitch has always been conscious of its expenses,” said Ashish Singhal, the company’s co-founder and CEO. “Today, we are proudly serving more than 19 million registered users, and are excited to grow and evolve with them by providing them with a diverse range of investment options, including fixed deposits (FD), mutual funds, Indian stocks, and more.” Without giving a timeline on its runway, Singhal said “our healthy runway gives us enough ammunition to invest in our long-term vision – to be a one-stop wealth-tech destination for Indians.” Singhal also said his company has “strengthened its leadership team by hiring industry experts,” presumably to navigate regulators, even if he added that the recent step to bring crypto businesses under anti-money laundering rules was a “significant positive advancement.” ZebPay One of India’s first crypto exchanges, ZebPay, also refused to share a timeline on its runway. But Chief Revenue Officer Nirmal Ranga said it had support from an unnamed subsidiary in Singapore, in the event it loses customers, the bear market extends or things generally go from bad to worse. “Our internal revenue strategy is to increase the lending value of our customers and concentrate on user growth,” Ranga said. “We are also trying to create interest for institutional investment.” Given ZebPay’s team has seen crypto’s early up Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $536,174,995,950 - Hash Rate: 399026915.0223079 - Transaction Count: 550324.0 - Unique Addresses: 664954.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether fell during afternoon trading hours in Asia on Thursday, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Asian and U.S. equities fell as investors remained cautious ahead of the U.S. employment report scheduled for Friday. See related article:Bitcoin briefly loses its grip on US$28,000 • Etherfell 1.51% to US$1,882 but maintained a weekly gain of 4.58%. The cryptocurrency is trading near a nine-month high ahead ofEthereum’s Shanghai hard forkscheduled for next Wednesday. The upgrade will allow investors to withdraw their staked ETH for the first time. Nearly18 million ETHworth around US$33.5 billion has been staked in the network since the blockchain adopted the proof-of-stake consensus mechanism. • Bitcoin fell 2.08% to US$27,974 in the 24 hours to 4:30 p.m. in Hong Kong. The world’s first cryptocurrency fell 2.22% on the weekly chart after trading above the US$28,000 mark for most of the week. • Dogecoinfell 5.91% to US$0.09 to become the day’s biggest loser but still maintained a 22.18% seven-day gain in a week when Twitter changed its logo to a Shiba Inu dog, the memecoin’s mascot. TheXRP tokenfell 3.83% to US$0.49, as the day’s second-biggest loser. • The global cryptocurrency market capitalization decreased by 1.97% to US$1.18 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 8.91% to US$40.82 billion. • The Forkast 500 NFTindex slid 0.70% to 4,002.64 points on the day and lost 0.04% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. • Most Asian equities were down on Thursday, with Shanghai Composite sliding 0.010% and the Shenzhen Component Index inching down 0.044%. Japan’s Nikkei 225 fell 1.10%, while Hong Kong’s Hang Seng Index rose 0.012%. Hong Kong’s financial markets will be closed from Friday to next Monday for the Easter holidays. • Investors await the release of the U.S. Employment Situation report on Friday, which includes the monthly change in non-farm payrolls. Strong growth in non-farm payroll data may indicate heating inflation, which investors will analyze to gauge the Federal Reserve’s next monetary decision. The U.S. stock market will be closed on Good Friday. • European bourses picked up on Thursday, as the pan-European STOXX 600 rose 0.39% and Germany’s DAX 40 gained 0.44%. • Gold fell 0.15% to US$2,017 per ounce to stabilize near a one-year high, following a three-day winning streak. The precious metal rose around 2.5% this week to close up on its all-time high of US$2,075 set in August 2022. • Investors digested new economic data from the U.S., including ADP Research Institute’s National Employment Report and the Job Openings and Labor Turnover Survey, showing that tighter financial conditions are slowing down the economy as investors hope for the Fed to pause rate hikes next month. See related article:Ripple exec says innovation is leaving the US.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:The post-debt ceiling rally in the crypto market has ended, with bitcoin and ether declining in East Asia. What\'s the next narrative for crypto?\nInsights:The latest Commitment of Traders reports shows a rebound in open long positions among asset managers.\nCoinDesk Market Index (CMI)\n1,197\n−11.5▼1.0%\nBitcoin (BTC)\n$27,746\n−354.3▼1.3%\nEthereum (ETH)\n$1,893\n−21.0▼1.1%\nS&P 500\n4,205.45\n+54.2▲1.3%\nGold\n$1,960\n+15.9▲0.8%\nNikkei 225\n31,233.54\n+317.2▲1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,197", "\\u221211.5\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,746", "\\u2212354.3\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,893", "\\u221221.0\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.45", "+54.2\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,960", "+15.9\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,233.54", "+317.2\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nLooking for the Next Pricing Narrative\nBy Sam Reynolds\nGood morning Asia,\nYesterday’s post-debt ceiling deal rally has come to an end.\nBitcoin is beginning East Asia’s trading day down 1.3% at $27,746 while ether is down 1.1% to $1,893.\nIn the last few weeks, crypto has struggled with anarrative problem. The absence of a defining narrative – is it a risk asset, or a hedge against risk? – has made for patternless price swings and confused investors.\nSome might say, for instance, that bitcoin should have risen on debt ceiling uncertainty, as a U.S. default would have jolted the traditional financial system. But instead, bitcoin acted like a stock. Perhapscrypto’s narrativeis no narrative at all.\nEd Moya, a Senior Market Analyst with foreign exchange market maker OANDA, posits that the upcoming U.S. election is the narrative to watch.\n“We were reminded that the key to Bitcoin’s success in the US might depend on the upcoming presidential election," Moya wrote in a note Friday. "Florida governor Ron Desantis announced his intentions to run for president and appears poised to ‘protect’ Bitcoin.”\nWith Central Bank Digital Currencies being a newwedge issuein Florida’s political landscape, the national stage is the next logical step. Crypto has come up in elections worldwide, such asSouth KoreaandThailand, and President Joe Bidenmentioned itwhen discussing debt deal negotiations.\nMaybe this will be the narrative to watch?\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.3%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.0%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22123.1%", "DACS Sector": "Smart Contract Platform"}]\nFunding Rates Remain Positive in Crypto Markets\nBy Glenn Williams Jr.\nThe Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks. The 24-contract increase follows a reduction of 162 contracts the week prior.\nThe increase halts what appeared to be more of an overall reduction in exposure than a commentary on price itself. Asset managers reduced their short positions as well over the identical time period by a total of 194 contracts.\nThe Commodity Futures Trading Commission (CFTC) releases COT data weekly, detailing the open interest and activity of asset managers, leveraged funds, and dealer intermediaries in bitcoin futures.\nAsset Managers now comprise 48.9% of open long positions on the Chicago Mercantile Exchange, and are 97.25% long the asset as a group.\n5 p.m. HKT/SGT(9 a.m. UTC):European Commission business climate (May)\n5 p.m. HKT/SGT(9 a.m. UTC):European Commission consumer confidence (May)\n10 p.m. HKT/SGT(2 p.m. UTC):U.S. consumer confidence (May)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nLawyer Behind FTX Lawsuit Addresses Shaq Getting Served; Ether Balance on Exchanges Nears All-Time Low\n"The Hash" hosts weighed in on the biggest stories shaping the crypto industry today. The number of ether (ETH) on exchanges hit a low not seen since July 2016 as staking saps up available ether. Separately, the potential sign that good-economic-news-equals-bad-news for digital asset prices narrative is beginning to shift. Plus, the lawyer representing some FTX investors, Adam Moskowitz, joined "The Hash" to discuss basketball legend Shaquille O\'Neal being served in a class action lawsuit regarding FTX and its celebrity endorsements.\nDogecoin Chart Pattern Suggests Volatility Explosion Ahead:A technical analysis indicator called Bollinger bandwidth suggests dogecoin\'s unusual calm could soon end with a pronounced move in either direction.\nGemini and Bankrupt Lender Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program:The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini\'s Earn program.\nBitcoin\'s Short-Term Holders Are Again Selling at Profit:Short-term holders\' renewed profitability is a positive signal for near-term price action, according to on observer.\nFantom Will Pay Back 15% of Token Fees to Some Projects:The move is part of an initiative to drive demand for block space, which help add to the value proposition of FTM tokens.\nShiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans:Floki prices rallied on Sunday amid a bitcoin-led market push and bets on the token\'s “China narrative.”', 'Good morning. Here’s what’s happening: Prices: The post-debt ceiling rally in the crypto market has ended, with bitcoin and ether declining in East Asia. What\'s the next narrative for crypto? Insights: The latest Commitment of Traders reports shows a rebound in open long positions among asset managers. Prices CoinDesk Market Index (CMI) 1,197 −11.5 ▼ 1.0% Bitcoin (BTC) $27,746 −354.3 ▼ 1.3% Ethereum (ETH) $1,893 −21.0 ▼ 1.1% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +15.9 ▲ 0.8% Nikkei 225 31,233.54 +317.2 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,197 −11.5 ▼ 1.0% Bitcoin (BTC) $27,746 −354.3 ▼ 1.3% Ethereum (ETH) $1,893 −21.0 ▼ 1.1% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +15.9 ▲ 0.8% Nikkei 225 31,233.54 +317.2 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Looking for the Next Pricing Narrative By Sam Reynolds Good morning Asia, Yesterday’s post-debt ceiling deal rally has come to an end. Bitcoin is beginning East Asia’s trading day down 1.3% at $27,746 while ether is down 1.1% to $1,893. In the last few weeks, crypto has struggled with a narrative problem . The absence of a defining narrative – is it a risk asset, or a hedge against risk? – has made for patternless price swings and confused investors. Some might say, for instance, that bitcoin should have risen on debt ceiling uncertainty, as a U.S. default would have jolted the traditional financial system. But instead, bitcoin acted like a stock. Perhaps crypto’s narrative is no narrative at all. Ed Moya, a Senior Market Analyst with foreign exchange market maker OANDA, posits that the upcoming U.S. election is the narrative to watch. “We were reminded that the key to Bitcoin’s success in the US might depend on the upcoming presidential election," Moya wrote in a note Friday. "Florida governor Ron Desantis announced his intentions to run for president and appears poised to ‘protect’ Bitcoin.” Story continues With Central Bank Digital Currencies being a new wedge issue in Florida’s political landscape, the national stage is the next logical step. Crypto has come up in elections worldwide, such as South Korea and Thailand , and President Joe Biden mentioned it when discussing debt deal negotiations. Maybe this will be the narrative to watch? Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +2.3% Currency Stellar XLM +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −4.0% Entertainment Polygon MATIC −3.5% Smart Contract Platform Avalanche AVAX −3.1% Smart Contract Platform Insights Funding Rates Remain Positive in Crypto Markets By Glenn Williams Jr. The Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks. The 24-contract increase follows a reduction of 162 contracts the week prior. Long and short positions among asset managers (based on Commitment of Traders report) The increase halts what appeared to be more of an overall reduction in exposure than a commentary on price itself. Asset managers reduced their short positions as well over the identical time period by a total of 194 contracts. The Commodity Futures Trading Commission (CFTC) releases COT data weekly, detailing the open interest and activity of asset managers, leveraged funds, and dealer intermediaries in bitcoin futures. Asset Managers now comprise 48.9% of open long positions on the Chicago Mercantile Exchange, and are 97.25% long the asset as a group. Important events. 5 p.m. HKT/SGT(9 a.m. UTC): European Commission business climate (May) 5 p.m. HKT/SGT(9 a.m. UTC): European Commission consumer confidence (May) 10 p.m. HKT/SGT(2 p.m. UTC): U.S. consumer confidence (May) CoinDesk TV In case you missed it, here is the most recent episode of "The Hash" on CoinDesk TV : Lawyer Behind FTX Lawsuit Addresses Shaq Getting Served; Ether Balance on Exchanges Nears All-Time Low "The Hash" hosts weighed in on the biggest stories shaping the crypto industry today. The number of ether (ETH) on exchanges hit a low not seen since July 2016 as staking saps up available ether. Separately, the potential sign that good-economic-news-equals-bad-news for digital asset prices narrative is beginning to shift. Plus, the lawyer representing some FTX investors, Adam Moskowitz, joined "The Hash" to discuss basketball legend Shaquille O\'Neal being served in a class action lawsuit regarding FTX and its celebrity endorsements. Headlines Dogecoin Chart Pattern Suggests Volatility Explosion Ahead: A technical analysis indicator called Bollinger bandwidth suggests dogecoin\'s unusual calm could soon end with a pronounced move in either direction. Gemini and Bankrupt Lender Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program: The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini\'s Earn program. Bitcoin\'s Short-Term Holders Are Again Selling at Profit: Short-term holders\' renewed profitability is a positive signal for near-term price action, according to on observer. Fantom Will Pay Back 15% of Token Fees to Some Projects: The move is part of an initiative to drive demand for block space, which help add to the value proposition of FTM tokens. Shiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans: Floki prices rallied on Sunday amid a bitcoin-led market push and bets on the token\'s “China narrative.”', 'Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners, according to Ohio Representative Warren Davidson. A draft bill was released by U.S. lawmakers on May 28, outlining a two-year suspension of the debt ceiling. While President Joe Biden had wanted the deal to include tax increases for corporations and high-income individuals, the most recent draft suggests that these measures are unlikely. Representative Davidson tweeted that the bill blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners that had been part of President Biden’s FY2024 budget.\nThe tentative agreement reached represents a compromise and aims to avert the possibility of a debt default. However, the debt ceiling bill still needs to secure approval in a divided House of Representatives, with some Republican lawmakers openly hostile towards House Speaker Kevin McCarthy. The legislation is expected to be voted upon by lawmakers on May 31, as the U.S. government faces the looming deadline for a potential debt default in June.', 'Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners, according to Ohio Representative Warren Davidson. A draft bill was released by U.S. lawmakers on May 28, outlining a two-year suspension of the debt ceiling. While President Joe Biden had wanted the deal to include tax increases for corporations and high-income individuals, the most recent draft suggests that these measures are unlikely. Representative Davidson tweeted that the bill blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners that had been part of President Biden’s FY2024 budget.\nThe tentative agreement reached represents a compromise and aims to avert the possibility of a debt default. However, the debt ceiling bill still needs to secure approval in a divided House of Representatives, with some Republican lawmakers openly hostile towards House Speaker Kevin McCarthy. The legislation is expected to be voted upon by lawmakers on May 31, as the U.S. government faces the looming deadline for a potential debt default in June.', 'U.S. Debt Ceiling Deal Blocks Bitcoin Mining Tax U.S. Debt Ceiling Deal Blocks Bitcoin Mining Tax Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners, according to Ohio Representative Warren Davidson. A draft bill was released by U.S. lawmakers on May 28, outlining a two-year suspension of the debt ceiling. While President Joe Biden had wanted the deal to include tax increases for corporations and high-income individuals, the most recent draft suggests that these measures are unlikely. Representative Davidson tweeted that the bill blocks \x93proposed taxes,\x94 including a 30% tax on electricity used by crypto miners that had been part of President Biden\x92s FY2024 budget. The tentative agreement reached represents a compromise and aims to avert the possibility of a debt default. However, the debt ceiling bill still needs to secure approval in a divided House of Representatives, with some Republican lawmakers openly hostile towards House Speaker Kevin McCarthy. The legislation is expected to be voted upon by lawmakers on May 31, as the U.S. government faces the looming deadline for a potential debt default in June.', 'Beijing Government Releases Web3 White Paper Beijing Government Releases Web3 White Paper Beijing’s municipal government has released a white paper regarding the development of the local Web3 industry. Unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, the “Web3 Innovation and Development White Paper” recognizes the significance of Web3 technology for future internet industry development. Beijing plans to allocate at least 100 million yuan ($14 million) annually until 2025 to establish itself as a global innovation hub for the digital economy. The white paper emphasizes Beijing’s intention to implement policies to foster the growth of the Web3 industry. The timing of the white paper release is noteworthy, coinciding with the implementation of new cryptocurrency regulations in Hong Kong. The Securities and Futures Commission of Hong Kong recently announced a new rulebook for the crypto industry, allowing retail investors to engage in crypto trading starting from June 1. China banned the use of cryptocurrencies in 2021, but the release of the Web3 white paper suggests a potential opening up to the industry. A news segment featuring Bitcoin also recently aired on China Central Television, signaling a potential shift in government policy. Binance CEO Changpeng Zhao highlighted the significance of this coverage, historically correlating with market upswings, although the segment has since been removed.', 'Beijing’s municipal government has released a white paper regarding the development of the local Web3 industry. Unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, the “Web3 Innovation and Development White Paper” recognizes the significance of Web3 technology for future internet industry development. Beijing plans to allocate at least 100 million yuan ($14 million) annually until 2025 to establish itself as a global innovation hub for the digital economy. The white paper emphasizes Beijing’s intention to implement policies to foster the growth of the Web3 industry.\nThe timing of the white paper release is noteworthy, coinciding with the implementation of new cryptocurrency regulations in Hong Kong. The Securities and Futures Commission of Hong Kong recently announced a new rulebook for the crypto industry, allowing retail investors to engage in crypto trading starting from June 1. China banned the use of cryptocurrencies in 2021, but the release of the Web3 white paper suggests a potential opening up to the industry. A news segment featuring Bitcoin also recently aired on China Central Television, signaling a potential shift in government policy. Binance CEO Changpeng Zhao highlighted the significance of this coverage, historically correlating with market upswings, although the segment has since been removed.', 'Bitcoin fell in Tuesday morning trading in Asia, giving up a portion of Monday’s gains on what looked like profit taking. Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses. XRP was the exception, rising on speculation the token is underpriced considering potentially positive developments in the lawsuit XRP developer Ripple Labs faces in the U.S. Stock futures in the U.S. moved higher after President Joe Biden and Republican House Speaker Kevin Mccarthy agreed to raise the government’s debt ceiling over the weekend, averting a default. However, inflation and interest rate hikes might now come back into focus for investors.\nBitcoin fell 1.45% over the last 24 hours to US$27,792 at 9:30 a.m. in Hong Kong, but was still trading 2.95% higher for the week, according todatafrom CoinMarketCap. The world’s largest cryptocurrency peaked at US$28,300 on Monday morning in Asia, the highest price since May 8.\n“With both parties in the US finding agreement to raise the debt ceiling, investors were allowed a dose of optimism,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“On the short run, though, this might indeed be an opportunity for profit taking, for traders thinking the global economy is still due for more pain and a hard landing,” said d’Anethan.\nEther fell 0.96% to US$1,898, while holding a weekly gain of 3.62%.\nXRP was the only top 10 non-stablecoin token logging gains for the past 24 hours, rising 2.09% to US$0.4922 and moving up 6.72% for the week. The token received a boost from developments in the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, whose blockchain payment protocol uses XRP.\nThe court will make publicinternal documentsshowing former SEC director William Hinman in 2018 said sales of Ether tokens were not securities transactions, which could undermine the SEC allegation that Ripple Labs sales of XRP were an illegal securities sale,tweetedpro-Ripple attorney John Deaton on Sunday.\nDeaton, who said the Hinman documents will move into the public domain even if the SEC and Ripple agree to settle,addedthat XRP is underpriced and predicted it will attract more buyers and climb to US$1 and beyond.\nThe total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexrose 1.34% to 3,409.12 in the 24 hours to 10:20 a.m. in Hong Kong, moving up 0.66% for the week.\nNFT sales on Ethereum rose 18.19% in the past 24 hours to US$16.06 million, according toCryptoSlamdata. The Solana, Polygon and Cardano networks also saw increased NFT sales in the past 24 hours.\nThe Bitcoin blockchain, vying with Ethereum for NFT supremacy, saw its 24-hour NFT sales drop 33.64% to US$4.31 million as the hype for $OXBT BRC-20 NFTs faded. The newly launched NFT collection, which accounts for more than a third of sales on the Bitcoin network, posted a\xa0 50.97% sales slide in the 24 hours to US$1.52 million.\nNakamigos, an Ethereum-based NFT collection, saw the largest sales in the same period across the market, rising 12.27% to US$2.06 million.\nElsewhere, Reddit Collectible Avatars, an NFT collection launched by Reddit in July 2022 that act as customizable avatars on the popular social media, had almost 10 million holders as of Tuesday morning, according to data fromDune Analytics, signalling a milestone for Reddit’s Web 3.0initiatives.\nThe growing popularity of Reddit’s NFT project lies in its simplicity, said Web3 technology firmRedeemCo-Founder Toby Rush in an earliercommentary. “Importantly, Reddit’s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto.”\nU.S. stock futures traded higher as of 1:50 p.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.11%. The S&P 500 futures gained 0.23%, and the Nasdaq futures rose 0.39%.\nThe gains came on the back of the debt ceiling deal in Washington, likely removing the risk of a U.S. government default. Thebillwould suspend the debt limit until January 2025, andwill be voted onby Congress on Wednesday.\nThe bill included ablockon a proposed tax on electricity used by cryptocurrency miners, a positive for the U.S. crypto mining industry.\nWith the debt ceiling threat seemingly removed, U.S. investor focus could return to interest rates after thepersonal consumption expenditures price indexreleased on Friday showed inflation remains a risk, indicating the Federal Reserve could keep interest rates higher for longer.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 40.4% chance the Fed will keep rates unchanged in June, and a 59.6% chance for another 25 basis-point rate hike, down from 63% on Monday, but still a sharp increase from 25.7% on May 22.\nBoosted by the rate hike expectation and relieved debt ceiling concerns, treasury futures linked to the U.S. government bond market rallied on Monday, according toBloomberg, which could add to the pressure on riskier assets, such as stocks and cryptocurrencies.\nOther economic data out this week include the U.S. Manufacturing Purchasing Managers Index (PMI) on Thursday, a measure of the health of manufacturing industries.\xa0 A reading above 50 indicates expansion, below 50 a contraction.', 'Bitcoin fell in Tuesday morning trading in Asia, giving up a portion of Monday’s gains on what looked like profit taking. Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses. XRP was the exception, rising on speculation the token is underpriced considering potentially positive developments in the lawsuit XRP developer Ripple Labs faces in the U.S. Stock futures in the U.S. moved higher after President Joe Biden and Republican House Speaker Kevin Mccarthy agreed to raise the government’s debt ceiling over the weekend, averting a default. However, inflation and interest rate hikes might now come back into focus for investors.\nBitcoin fell 1.45% over the last 24 hours to US$27,792 at 9:30 a.m. in Hong Kong, but was still trading 2.95% higher for the week, according todatafrom CoinMarketCap. The world’s largest cryptocurrency peaked at US$28,300 on Monday morning in Asia, the highest price since May 8.\n“With both parties in the US finding agreement to raise the debt ceiling, investors were allowed a dose of optimism,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“On the short run, though, this might indeed be an opportunity for profit taking, for traders thinking the global economy is still due for more pain and a hard landing,” said d’Anethan.\nEther fell 0.96% to US$1,898, while holding a weekly gain of 3.62%.\nXRP was the only top 10 non-stablecoin token logging gains for the past 24 hours, rising 2.09% to US$0.4922 and moving up 6.72% for the week. The token received a boost from developments in the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, whose blockchain payment protocol uses XRP.\nThe court will make publicinternal documentsshowing former SEC director William Hinman in 2018 said sales of Ether tokens were not securities transactions, which could undermine the SEC allegation that Ripple Labs sales of XRP were an illegal securities sale,tweetedpro-Ripple attorney John Deaton on Sunday.\nDeaton, who said the Hinman documents will move into the public domain even if the SEC and Ripple agree to settle,addedthat XRP is underpriced and predicted it will attract more buyers and climb to US$1 and beyond.\nThe total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexrose 1.34% to 3,409.12 in the 24 hours to 10:20 a.m. in Hong Kong, moving up 0.66% for the week.\nNFT sales on Ethereum rose 18.19% in the past 24 hours to US$16.06 million, according toCryptoSlamdata. The Solana, Polygon and Cardano networks also saw increased NFT sales in the past 24 hours.\nThe Bitcoin blockchain, vying with Ethereum for NFT supremacy, saw its 24-hour NFT sales drop 33.64% to US$4.31 million as the hype for $OXBT BRC-20 NFTs faded. The newly launched NFT collection, which accounts for more than a third of sales on the Bitcoin network, posted a\xa0 50.97% sales slide in the 24 hours to US$1.52 million.\nNakamigos, an Ethereum-based NFT collection, saw the largest sales in the same period across the market, rising 12.27% to US$2.06 million.\nElsewhere, Reddit Collectible Avatars, an NFT collection launched by Reddit in July 2022 that act as customizable avatars on the popular social media, had almost 10 million holders as of Tuesday morning, according to data fromDune Analytics, signalling a milestone for Reddit’s Web 3.0initiatives.\nThe growing popularity of Reddit’s NFT project lies in its simplicity, said Web3 technology firmRedeemCo-Founder Toby Rush in an earliercommentary. “Importantly, Reddit’s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto.”\nU.S. stock futures traded higher as of 1:50 p.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.11%. The S&P 500 futures gained 0.23%, and the Nasdaq futures rose 0.39%.\nThe gains came on the back of the debt ceiling deal in Washington, likely removing the risk of a U.S. government default. Thebillwould suspend the debt limit until January 2025, andwill be voted onby Congress on Wednesday.\nThe bill included ablockon a proposed tax on electricity used by cryptocurrency miners, a positive for the U.S. crypto mining industry.\nWith the debt ceiling threat seemingly removed, U.S. investor focus could return to interest rates after thepersonal consumption expenditures price indexreleased on Friday showed inflation remains a risk, indicating the Federal Reserve could keep interest rates higher for longer.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 40.4% chance the Fed will keep rates unchanged in June, and a 59.6% chance for another 25 basis-point rate hike, down from 63% on Monday, but still a sharp increase from 25.7% on May 22.\nBoosted by the rate hike expectation and relieved debt ceiling concerns, treasury futures linked to the U.S. government bond market rallied on Monday, according toBloomberg, which could add to the pressure on riskier assets, such as stocks and cryptocurrencies.\nOther economic data out this week include the U.S. Manufacturing Purchasing Managers Index (PMI) on Thursday, a measure of the health of manufacturing industries.\xa0 A reading above 50 indicates expansion, below 50 a contraction.', 'Bitcoin fell in Tuesday morning trading in Asia, giving up a portion of Monday\x92s gains on what looked like profit taking. Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses. XRP was the exception, rising on speculation the token is underpriced considering potentially positive developments in the lawsuit XRP developer Ripple Labs faces in the U.S. Stock futures in the U.S. moved higher after President Joe Biden and Republican House Speaker Kevin Mccarthy agreed to raise the government\x92s debt ceiling over the weekend, averting a default. However, inflation and interest rate hikes might now come back into focus for investors. Bitcoin dips, XRP gains Bitcoin fell 1.45% over the last 24 hours to US$27,792 at 9:30 a.m. in Hong Kong, but was still trading 2.95% higher for the week, according to data from CoinMarketCap. The world\x92s largest cryptocurrency peaked at US$28,300 on Monday morning in Asia, the highest price since May 8. \x93With both parties in the US finding agreement to raise the debt ceiling, investors were allowed a dose of optimism,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock. \x93On the short run, though, this might indeed be an opportunity for profit taking, for traders thinking the global economy is still due for more pain and a hard landing,\x94 said d\x92Anethan. Ether fell 0.96% to US$1,898, while holding a weekly gain of 3.62%. XRP was the only top 10 non-stablecoin token logging gains for the past 24 hours, rising 2.09% to US$0.4922 and moving up 6.72% for the week. The token received a boost from developments in the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, whose blockchain payment protocol uses XRP. The court will make public internal documents showing former SEC director William Hinman in 2018 said sales of Ether tokens were not securities transactions, which could undermine the SEC allegation that Ripple Labs sales of XRP were an illegal securities sale, tweeted pro-Ripple attorney John Deaton on Sunday. Story continues Deaton, who said the Hinman documents will move into the public domain even if the SEC and Ripple agree to settle, added that XRP is underpriced and predicted it will attract more buyers and climb to US$1 and beyond. The total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion. Forkast 500 gains; Bitcoin NFT sales fall The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 1.34% to 3,409.12 in the 24 hours to 10:20 a.m. in Hong Kong, moving up 0.66% for the week. NFT sales on Ethereum rose 18.19% in the past 24 hours to US$16.06 million, according to CryptoSlam data. The Solana, Polygon and Cardano networks also saw increased NFT sales in the past 24 hours. The Bitcoin blockchain, vying with Ethereum for NFT supremacy, saw its 24-hour NFT sales drop 33.64% to US$4.31 million as the hype for $OXBT BRC-20 NFTs faded. The newly launched NFT collection, which accounts for more than a third of sales on the Bitcoin network, posted a\xa0 50.97% sales slide in the 24 hours to US$1.52 million. Nakamigos, an Ethereum-based NFT collection, saw the largest sales in the same period across the market, rising 12.27% to US$2.06 million. Elsewhere, Reddit Collectible Avatars, an NFT collection launched by Reddit in July 2022 that act as customizable avatars on the popular social media, had almost 10 million holders as of Tuesday morning, according to data from Dune Analytics , signalling a milestone for Reddit\x92s Web 3.0 initiatives . The growing popularity of Reddit\x92s NFT project lies in its simplicity, said Web3 technology firm Redeem Co-Founder Toby Rush in an earlier commentary . \x93Importantly, Reddit\x92s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto.\x94 U.S. futures gain U.S. House Speaker Kevin McCarthy. Image: Getty Images U.S. stock futures traded higher as of 1:50 p.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.11%. The S&P 500 futures gained 0.23%, and the Nasdaq futures rose 0.39%. The gains came on the back of the debt ceiling deal in Washington, likely removing the risk of a U.S. government default. The bill would suspend the debt limit until January 2025, and will be voted on by Congress on Wednesday. The bill included a block on a proposed tax on electricity used by cryptocurrency miners, a positive for the U.S. crypto mining industry. With the debt ceiling threat seemingly removed, U.S. investor focus could return to interest rates after the personal consumption expenditures price index released on Friday showed inflation remains a risk, indicating the Federal Reserve could keep interest rates higher for longer. The Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 40.4% chance the Fed will keep rates unchanged in June, and a 59.6% chance for another 25 basis-point rate hike, down from 63% on Monday, but still a sharp increase from 25.7% on May 22. Boosted by the rate hike expectation and relieved debt ceiling concerns, treasury futures linked to the U.S. government bond market rallied on Monday, according to Bloomberg , which could add to the pressure on riskier assets, such as stocks and cryptocurrencies. Other economic data out this week include the U.S. Manufacturing Purchasing Managers Index (PMI) on Thursday, a measure of the health of manufacturing industries.\xa0 A reading above 50 indicates expansion, below 50 a contraction.', 'A proposed tax on electricity used by cryptocurrency miners in the U.S. has been scrapped in the deal between U.S. President Joe Biden and House Speaker Kevin McCarthy to raise the country’sdebt ceiling, according to Republican congressman Warren Davidson.\nSee related article:Biden administration pushes for 30% electricity tax in swipe at crypto miners\n• Davidson on Sundaytweeteda link to the “Fiscal Responsibility Act of 2023,” a draft bill that would allow the U.S. to raise the debt ceiling to prevent a national\xa0default.\n• Davidson said in a following tweet the bill didn’t include a tax on cryptocurrency miners equal to 30% of the cost of the power they use – a levy the Biden administration has beencampaigningfor.\n• “Yes, one of the victories is blocking proposed taxes,” Davidson tweeted, in response to a separatetweetfrom Pierre Rochard, vice president of research at Bitcoin mining firm Riot Platforms, who asked for confirmation that the energy excise tax had been ditched.\n• In March, the Biden administrationproposedthe “Digital Asset Mining Energy excise tax” as part ofthis year’s budgetfrom the U.S. Treasury Department, citing what it calls “negative spillovers” from the industry.\n• While the tax was seen as a clear down arrow for the industry, shares in listed crypto miners in the U.S. have bounced back since as the price of Bitcoin itself surged more than 65% this year, offsetting the tax concerns.\n• Shares of Riot Platforms on Nasdaq have risen 77.8% since March 1, while Marathon Digital Holdings have climbed 37.2% in the same period, indicating they may have further to run with the tax threat removed.\n• In addition, some U.S. states have rolled out a welcome mat for crypto miners. In April, ArkansasjoinedMontana and Texas to propose legislation to ensure the businesses of Bitcoin mining firms were protected under the law.\n• U.S. lawmakers are expected to vote on the debt ceiling deal on May 31.\nSee related article:Bitcoin mining difficulty rises to a new all-time high', "SINGAPORE, May 30 (Reuters) - Bitcoin prices on the Australian arm of Binance, the world's largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world's biggest cryptocurrency, bitcoin , was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted at $27,790 outside Australia. Binance did not immediately respond to Reuters request for comment. Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. Binance has been battling regulatory suits and probes around the world. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson Editing by Vidya Ranganathan)", "SINGAPORE, May 30 (Reuters) - Bitcoin prices on the Australian arm of Binance, the world's largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly.\nThe price of the world's biggest cryptocurrency, bitcoin , was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange.\nBitcoin was quoted at $27,790 outside Australia.\nBinance did not immediately respond to Reuters request for comment.\nEarlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service.\nBinance has been battling regulatory suits and probes around the world. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson Editing by Vidya Ranganathan)", 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly.\nThe price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange.\nBitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp.\n"Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement.\n"As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services."\nEarlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service.\nThe company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations.\nBinance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world.\nThe company initially did business solely in crypto, enabling it to avoid the global banking system.\nBut as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client.\nBinance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported.\n($1 = 1.4743 Australian dollars)\n(Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp. "Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement. "As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services." Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. Binance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world. The company initially did business solely in crypto, enabling it to avoid the global banking system. But as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client. Binance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp. "Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement. "As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services." Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. Binance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world. The company initially did business solely in crypto, enabling it to avoid the global banking system. But as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client. Binance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp. "Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement. "As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services." Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. Binance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world. The company initially did business solely in crypto, enabling it to avoid the global banking system. But as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client. Binance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'Tokens worth over$587 millionof Ethereum scaling protocol Optimism are set to be released into the open market on Tuesday as part of a planned unlock plan, leading to prices of OP tokens falling 7%.\nWhen tokens are “unlocked,” their holders are then able to sell or swap that token if they wish to do so.\nThe more than 386 million optimism tokens are currently held by early contributors and investors, and the move will nearly double OP’s circulating supply – which stands at 335 million tokens on Tuesday morning.\nEarly investors are likely sitting on significant gains and could choose to take profits, contributing to immense selling pressure. As such, immediately available liquidity on OP token pairs across decentralized and centralized exchanges is under $10 million – and a single sell order of $600,000 coulddunk prices 2% furtheron Binance.\nThe unlock comes as OP tokens have been on a general downturn since February this year, sliding from $3 to $1.5 even as bitcoin (BTC) and ether (ETH) gained at least 50% in that period.\nOP trades at $1.50 as of Tuesday, with a trading volume of $103 million over the past 24 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $541,120,824,375 - Hash Rate: 379321882.1817001 - Transaction Count: 515246.0 - Unique Addresses: 713954.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Editor's note: This story and its headline were updated after publication to clarify that Arkham's Mt. Gox alert was triggered correctly. Bitcoin erased the gains made earlier today, plunging as much as 7% in an hour to below $28,000, perCoinGeckodata. At time of publication, theprice of Bitcoinstood at just under $27,750, down 4.6% on the day and 8.4% over the past week. The wider crypto market crashed alongside Bitcoin, with the top 10 coins by market cap all down over the past hour and 24 hours, barring stablecoins. Ethereum dropped in tandem with Bitcoin to just under $1,830. The news came on the heels of reports from blockchain analytics firm Arkham that wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved significant amounts of Bitcoin. Arkham CEO Miguel Morel toldDecryptthat the wallet movements weren't connected, meaning that the U.S. wasn't necessarily the one moving or selling assets related to Mt. Gox. Roughly an hour later, Arkham posted on Twitter that the alert wassent out in error, and only to a "small subset of users," which included Crypto Twitter account@tier10k, also known as DB. The company said a bug fix "related to Bitcoin alerts" on its systems caused the error but did not provide further details. Representatives for the company did not immediately respond toDecrypt's requests for comment. Finally, late Wednesday, the company revised its findings again. "We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case," Arkham wrote. "DB set two alerts on all Bitcoin transactions above $10k USD, with no counterparties set, then named the alerts 'Mt Gox' and 'US Gov.'" https://twitter.com/i/web/status/1651366459547713537 The bug fix triggered previously configured alerts, and "no one received inaccurate alert." The company went on to note that its alerts and the attention on Twitter had nothing to do with the sudden dip in the price of Bitcoin. "Neither the alert nor the tweet could have caused the sharp BTC price drop today, as the drop occurred between 19:17 and 20:01 UTC, and the alerts and tweet were sent afterwards at 20:07 UTC and 20:08 UTC respectively."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['PHILADELPHIA, PA / ACCESSWIRE / May 30, 2023 /High-powered industries often require long hours and intensive work, but entrepreneurial pursuits can be equally demanding on our daily schedules. For those venturing into or navigating start-up and entrepreneurial environments, a focus on wellness is essential for success, and can even provide an operational advantage. As a wellness advocate, Bitcoin thought leader, entrepreneur, and former professional football player,Jonathan Martinhas advice for maintaining balance in business and prioritizing wellness along the way.\nCreate a Morning Routine\nStarting the day with intention sets the tone for the rest of the day. Martin recommends creating a morning routine that includes meditation, stretching, making the bed, or any other activities that help you center yourself and prepare for the day ahead. This can also include the perfect cup of coffee and a healthy breakfast to fuel your body and mind for the day ahead. Starting the day as a person is essential - before you are an employee, a student, an athlete, or anything else, take time to be yourself.\n"Creating a reliable routine was important when I was a student-athlete. As a player on a Division 1 football team at Stanford University, one of the most rigorous academic institutions in the world, I found that I needed to manage my time better than I ever had before. Building a practical and sustainable routine really helped with that, and establishing consistency in the mornings set the rest of the day up for success," saysJonathan Martin.\nFind Ways to Move Your Body\nWhen you\'re working long hours, it can be challenging to find time to exercise. However, physical activity is essential for your mental and physical health. Martin recommends finding ways to move your body throughout the day, whether that\'s taking a walk during your lunch break, doing a quick yoga flow in your office, or hitting the gym before or after work.The Mayo Clinicsupports these suggestions, noting that moving the body can help reduce stress and increase energy levels.\n"As I\'ve transitioned into the world of business and pursued graduate studies, I\'ve noticed that I spend far more time sitting than I did when I was an athlete," saysJonathan Martin. "But research shows that excessive sitting can have negative effects on both our physical and mental well-being. As a professional athlete, and now as someone who is consistently learning and creating strategy, I understand the crucial role that physical activity plays in maintaining mental sharpness. That\'s why I make a point of being intentional about moving my body every day, whether it\'s through a workout, a walk, or some other form of exercise. By prioritizing my physical health, I\'m able to stay focused, energized, and productive in all areas of my life."\nPrioritize Self-care\nSelf-care looks different for everyone, but it\'s essential to prioritize it in high-powered industries. This can include taking breaks throughout the day to recharge, practicing mindfulness, or engaging in activities that bring you joy outside of work. Martin emphasizes the importance of taking care of yourself, so you have the mental and physical energy to perform at your best.\n"You don\'t need to be moving at a million miles per hour all the time. Taking care of yourself is not a luxury, it\'s a necessity, and it\'s a lesson I wish I had learned earlier. I\'ve made self-care a priority over the last few years and it\'s completely changed the way I interact with the world for the better. I really feel empowered to make the most of every opportunity," saysJonathan Martin.\nBuild a Support System\nHaving a support system is critical in high-powered industries, where high demands can be overwhelming for many. Martin recommends building relationships with coworkers and mentors who can offer guidance and support. Additionally, finding friends and family outside of work who can provide a listening ear and offer a different perspective can also be helpful.\n"Whether it was winning bowl games or starting new companies, it was always clear to me that so much of sustained success and wellbeing depends on who you have around you," saysJonathan Martin. "I have such a supportive network, and I feel so fortunate for that. That\'s why I make it a priority to give back to my local community by volunteering every week. I believe that when people feel seen and heard, they are more empowered to elevate themselves. By investing in others, we can all rise together."\nPractice Gratitude\nIt\'s easy to get caught up in the demands and stress of high-powered industries, but practicing gratitude can help shift your perspective and reduce stress. Martin suggests starting a gratitude journal, where you write down three things you\'re grateful for each day. Focusing on the positive aspects of your life can help you feel more content and fulfilled.\nJonathan Martinnotes: "Melodie Beattie once said that \'Gratitude turns what we have into enough, and more. It turns denial into acceptance, chaos into order, confusion into clarity… it makes sense of our past, brings peace for today, and creates a vision for tomorrow.\' I know from personal experience how easy it is to get swept up in the stress and demands of life. But when I focus on gratitude, it shifts my perspective and helps me see things in a more positive light. I\'m grateful for the time I had in football. I\'m grateful for the experiences I\'ve had starting a business that found serious success. I\'m grateful for the degrees I now hold from Stanford and Georgetown. I\'m also grateful for the opportunities before me to study Bitcoin and monetary policy in action. I\'m excited to use what I learn to financially empower my community."\nWhile prioritizing wellness in high-powered industries may be challenging, it is imperative to recognize that investing in our well-being pays off in the long run. By adopting healthy habits such as a morning routine, regular physical exercise, and self-care practices, we can mitigate the negative effects of stress and increase our overall productivity and job satisfaction. Build a support system and practice gratitude to cultivate a positive mindset every day. Taking care of ourselves should be a top priority to achieve success and fulfillment in both our personal and professional lives. Consistency and intentionality around wellness can create a significant advantage for entrepreneurs and anyone working jobs with high demand.\nContact Information:\nAndrew MitchellEmail:[email protected]: 404-955-7133\nSOURCE:Cambridge Global\nView source version on accesswire.com:https://www.accesswire.com/758102/Jonathan-Martin-Shares-Tips-for-Wellness-Through-Entrepreneurial-Pursuits', 'Good morning. Here’s what’s happening:\nPrices:A new report from K33 highlights heightened volatility in Bitcoin and Ether in 2023, despite a slow start to the year.\nInsights:Observers suggest that the market needs a new driver to lift prices higher. Could ether be that driver?\nCoinDesk Market Index (CMI)\n1,198\n+0.9▲0.1%\nBitcoin (BTC)\n$27,686\n−54.0▼0.2%\nEthereum (ETH)\n$1,901\n+8.4▲0.4%\nS&P 500\n4,205.52\n+0.1▲0.0%\nGold\n$1,978\n+33.7▲1.7%\nNikkei 225\n31,328.16\n+94.6▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,198", "+0.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,686", "\\u221254.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+8.4\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.52", "+0.1\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+33.7\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,328.16", "+94.6\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nVolatility is Expected, But Was it Missed?\nGood morning Asia,\nBitcoin is opening the East Asia trading day at $27,686, down 0.2% while Ether is at $1,901, up 0.4%.\n2023 has been an odd year for crypto. In December, during the depths of crypto winter, the price predictions for bitcoin were pretty grim. $10-12K by the first quarter of 2023,said VanEck.\nBut a lot has happened since then. Ordinals, bank failure, a liquidity crisis.\nBetweenMarchand mid-May, the market was fairly stale, and bitcoin barely moved.\nA new report fromK33 Researchsays this is beginning to change.\nBitcoin\'s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan\'s re-election as president of Turkey, K33 said in the report.\nK33 said that this surge was partially amplified by over-leveraged shorts creating a decrease in open interest. At the same time, progress in U.S. debt ceiling negotiations spurred a rally in the crypto and U.S. equities markets.\nAll of this, they say, along with the transformation in the crypto market structure with stablecoins and ether gaining prominence, and bitcoin\'s increased yet comparatively lower dominance, indicates a resemblance to the previous bear market with potentially insufficient de-risk rotation.\nThe cure for all of this ismore liquidity, but that’s nowhere in sight.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.6%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22121.3%", "DACS Sector": "Currency"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}]\nCould Ether Be the Next Market Driver?\nEther is set to end May flat, down 0.3%, while bitcoin, against ether,is down nearly 7%.\nIndeed, bitcoin is on track for its first monthly loss since December,as CoinDesk previously reported, primarily due to the increased likelihood that the U.S. central bank will maintain elevated interest rates, boosting the U.S. dollar and causing a decline in the crypto market.\nExperts suggest that the market needs a new driver to lift prices higher.\nEther has that driver.\nDuring the last month, over 143,830 ether worth $275 million has been burnt, according to trackerultrasound.money.\nEther is well into its deflationary stage, with a negative supply growth of 1.46% per year. The network is forecasted by the tracker to burn 2,441,000 ether this year, or approximately $4.5 billion worth.\nIn contrast, if Ethereum stayed on as a Proof of Work protocol, it would be on track for supply growth of 2%, the tracker shows.\nData shows that because of Ethereum\'s deflationary stance, ether and bitcoin are breaking their correlation.\nThe positive correlation between the two digital assets has weakened this year, suggesting a long-lasting market shift where they operate more independently due to diverging supply-demand economics.\n"What we are seeing could be the beginning of a long-term regime change. As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two tokens will continue to diverge," Pulkit Goyal, Vice President of trading at OrBit Markets,previously told CoinDesk.\nOver 13% of all ether in existence has been staked,according to CryptoQuant data, leading to ether balances on exchangeshitting all-time lows.\nEther is up 2.8% over the last week, while bitcoin has lagged behind, up only 2% during the same period.\nLondon Blockchain Conference\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Monthly Consumer Price Index (YoY/April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Gross Domestic Product Annualized (Q1)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin on Pace for First Monthly Loss in 6 Months; NFT Lending Market Share Outlook\nBitcoin (BTC) still appeared on track for its first monthly loss since December. This comes as Berenberg noted that MicroStrategy (MSTR) represents an attractive alternative to Coinbase (COIN) for investors looking to gain exposure to the cryptocurrency sector. Berenberg equity research analyst Mark Palmer shared his analysis. Plus, DappRadar web3 analyst Sara Gherghelas joined "First Mover" to discuss a new report on NFT lending marketplace Blend. And, LabDAO co-founder Niklas Rindtorff weighed in on the future of open-source drug discovery.\nBitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country:The crypto exchange halted Australian dollar bank transfers early May.\nBRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs:The new token standard allows traders to burn their ERC-721 NFTs and transfer them to inscriptions on the Bitcoin network.\nThe Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook:Canto\'s slide is an example of fickle crypto investors\' lack of appetite in DeFi.\nStablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay:The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure.\nOptimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply:The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.', 'Good morning. Here’s what’s happening: Prices: A new report from K33 highlights heightened volatility in Bitcoin and Ether in 2023, despite a slow start to the year. Insights: Observers suggest that the market needs a new driver to lift prices higher. Could ether be that driver? Prices CoinDesk Market Index (CMI) 1,198 +0.9 ▲ 0.1% Bitcoin (BTC) $27,686 −54.0 ▼ 0.2% Ethereum (ETH) $1,901 +8.4 ▲ 0.4% S&P 500 4,205.52 +0.1 ▲ 0.0% Gold $1,978 +33.7 ▲ 1.7% Nikkei 225 31,328.16 +94.6 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,198 +0.9 ▲ 0.1% Bitcoin (BTC) $27,686 −54.0 ▼ 0.2% Ethereum (ETH) $1,901 +8.4 ▲ 0.4% S&P 500 4,205.52 +0.1 ▲ 0.0% Gold $1,978 +33.7 ▲ 1.7% Nikkei 225 31,328.16 +94.6 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Volatility is Expected, But Was it Missed? Good morning Asia, Bitcoin is opening the East Asia trading day at $27,686, down 0.2% while Ether is at $1,901, up 0.4%. 2023 has been an odd year for crypto. In December, during the depths of crypto winter, the price predictions for bitcoin were pretty grim. $10-12K by the first quarter of 2023, said VanEck . But a lot has happened since then. Ordinals, bank failure, a liquidity crisis. Between March and mid-May, the market was fairly stale, and bitcoin barely moved. A new report from K33 Research says this is beginning to change. Bitcoin\'s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan\'s re-election as president of Turkey, K33 said in the report. K33 said that this surge was partially amplified by over-leveraged shorts creating a decrease in open interest. At the same time, progress in U.S. debt ceiling negotiations spurred a rally in the crypto and U.S. equities markets. Story continues All of this, they say, along with the transformation in the crypto market structure with stablecoins and ether gaining prominence, and bitcoin\'s increased yet comparatively lower dominance, indicates a resemblance to the previous bear market with potentially insufficient de-risk rotation. The cure for all of this is more liquidity , but that’s nowhere in sight. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +4.6% Currency Solana SOL +3.4% Smart Contract Platform Stellar XLM +1.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −1.3% Currency Polygon MATIC −0.8% Smart Contract Platform Chainlink LINK −0.6% Computing Insights Could Ether Be the Next Market Driver? Ether is set to end May flat , down 0.3%, while bitcoin, against ether, is down nearly 7% . Indeed, bitcoin is on track for its first monthly loss since December, as CoinDesk previously reported , primarily due to the increased likelihood that the U.S. central bank will maintain elevated interest rates, boosting the U.S. dollar and causing a decline in the crypto market. Experts suggest that the market needs a new driver to lift prices higher. Ether has that driver. During the last month, over 143,830 ether worth $275 million has been burnt, according to tracker ultrasound.money . (ultrasound.money) Ether is well into its deflationary stage, with a negative supply growth of 1.46% per year. The network is forecasted by the tracker to burn 2,441,000 ether this year, or approximately $4.5 billion worth. (ultrasound.money) In contrast, if Ethereum stayed on as a Proof of Work protocol, it would be on track for supply growth of 2%, the tracker shows. Data shows that because of Ethereum\'s deflationary stance, ether and bitcoin are breaking their correlation. The positive correlation between the two digital assets has weakened this year, suggesting a long-lasting market shift where they operate more independently due to diverging supply-demand economics. "What we are seeing could be the beginning of a long-term regime change. As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two tokens will continue to diverge," Pulkit Goyal, Vice President of trading at OrBit Markets, previously told CoinDesk . Over 13% of all ether in existence has been staked, according to CryptoQuant data , leading to ether balances on exchanges hitting all-time lows . Ether is up 2.8% over the last week, while bitcoin has lagged behind, up only 2% during the same period. Important events. London Blockchain Conference 9:30 a.m. HKT/SGT(1:30 UTC) Australia Monthly Consumer Price Index (YoY/April) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Gross Domestic Product Annualized (Q1) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin on Pace for First Monthly Loss in 6 Months; NFT Lending Market Share Outlook Bitcoin (BTC) still appeared on track for its first monthly loss since December. This comes as Berenberg noted that MicroStrategy (MSTR) represents an attractive alternative to Coinbase (COIN) for investors looking to gain exposure to the cryptocurrency sector. Berenberg equity research analyst Mark Palmer shared his analysis. Plus, DappRadar web3 analyst Sara Gherghelas joined "First Mover" to discuss a new report on NFT lending marketplace Blend. And, LabDAO co-founder Niklas Rindtorff weighed in on the future of open-source drug discovery. Headlines Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country : The crypto exchange halted Australian dollar bank transfers early May. BRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs : The new token standard allows traders to burn their ERC-721 NFTs and transfer them to inscriptions on the Bitcoin network. The Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook : Canto\'s slide is an example of fickle crypto investors\' lack of appetite in DeFi. Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay : The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure. Optimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply : The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.', "Tether, the issuer of the largest stablecoin in the market,USDT, has announced its entry into the energy sector with a focus on renewable energy production forBitcoinmining. The company said it will launch a Bitcoin mining arm in Uruguay, a country that generates 94% of its electricity from renewable sources such as wind and solar. On top of that, the stablecoin issuer said it will also invest in Uruguay's energy production industry and hire more team members to support its expansion.\nThe move is part of Tether's treasury management strategy, which involves investing up to 15% of its net profit in Bitcoin. Previously, Tether revealed it held about $1.5 billion in Bitcoin, which accounts for around 2% of its total reserves. Tether said it aims to minimize the environmental impact of Bitcoin mining through the use of renewable energy sources, while also adding to the security of the Bitcoin network.", "Tether to Start Mining Bitcoin in Uruguay Tether to Start Mining Bitcoin in Uruguay Tether, the issuer of the largest stablecoin in the market, USDT , has announced its entry into the energy sector with a focus on renewable energy production for Bitcoin mining. The company said it will launch a Bitcoin mining arm in Uruguay, a country that generates 94% of its electricity from renewable sources such as wind and solar. On top of that, the stablecoin issuer said it will also invest in Uruguay's energy production industry and hire more team members to support its expansion. The move is part of Tether's treasury management strategy, which involves investing up to 15% of its net profit in Bitcoin. Previously, Tether revealed it held about $1.5 billion in Bitcoin, which accounts for around 2% of its total reserves. Tether said it aims to minimize the environmental impact of Bitcoin mining through the use of renewable energy sources, while also adding to the security of the Bitcoin network.", "Tether, the issuer of the largest stablecoin in the market,USDT, has announced its entry into the energy sector with a focus on renewable energy production forBitcoinmining. The company said it will launch a Bitcoin mining arm in Uruguay, a country that generates 94% of its electricity from renewable sources such as wind and solar. On top of that, the stablecoin issuer said it will also invest in Uruguay's energy production industry and hire more team members to support its expansion.\nThe move is part of Tether's treasury management strategy, which involves investing up to 15% of its net profit in Bitcoin. Previously, Tether revealed it held about $1.5 billion in Bitcoin, which accounts for around 2% of its total reserves. Tether said it aims to minimize the environmental impact of Bitcoin mining through the use of renewable energy sources, while also adding to the security of the Bitcoin network.", 'Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets.\nBitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according todatafrom CoinMarketCap. The world’s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level.\nDigital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesdayreportfrom European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals\xa0US$272 million — an indication that bearish sentiment continues to weigh heavily on the crypto market.\nEther inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin.\nXRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%.\nMarkus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token’s surge could be linked to theannouncementof a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SECchargesthat he had engaged in insider trading.\nThat resolution could, Thielen suggests, benefit Ripple — the issuer of XRP — in its own legal dispute with the SEC, leading to gains for XRP.\nElsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week.\nThe total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.22% to 3,403.49 in the 24 hours to 10:50 a.m. in Hong Kong, but edged up 0.32% for the week.\nNFT sales on Ethereum rose 22.00% in the past 24 hours to US$18.23 million. That rise was spearheaded by Bored Ape Yacht Club (BAYC) transactions, according toCryptoSlamdata. Meanwhile, NFT sales on Bitcoin fell 18.77% to US$3.52 million.\nBAYC sales totaled US$2.86 million on Tuesday, almost three times higher than sales of the collection throughout Monday.\n“The rise in BAYC volume is interesting as some of the larger transactions price doesn’t match the traits/rarity,” said Eric Dettman, NFT advisor at CryptoSlam. “They aren’t washes on paper but there may be some behind the scenes dealing going on.”\nBRC-721E token standardwas launched on Monday. The initiative allows traders to move their Ethereum-based NFTs to the Bitcoin network. That process is irreversible as it permanently burns the NFT on the Ethereum network before transfer.\n“Now we’ll get to see traders’ convictions on the Bitcoin ecosystem play out in real time,”saidYehudah Petscher, NFT Strategist at Forkast Labs. “At this point, no one can deny that Bitcoin’s NFTs are here to stay, but the question of ‘Will Bitcoin NFTs flip Ethereum NFTs?’ is another story. I think they will.”\nNFT trader sentiment is also seeing a boost from Web3 developments in China and Russia.\nOn May 23, China’s national broadcaster CCTVreportedon Hong Kong’s recent crypto regulation drive. That unexpected move preceded the release of aWeb 3.0 white paperby the municipal government of Beijing. The wide-reaching paper\xa0covers sectors including NFTs and the metaverse.\n“Chinais coming into NFTs and crypto, andRussiawill use crypto to settle payments across borders,” said Petscher. “These two major announcements are bringing excitement back to the NFT and crypto markets and lead many to believe that these alone can turn the market around.”\nU.S. stock futures fell as of 12:00 p.m. in Hong Kong, with Dow Jones Industrial Average futures dipping 0.34%, S&P 500 futures down 0.25%, and the Nasdaq futures losing 0.15%.\nInvestors are jittery ahead of the U.S. Congress’ vote on the debt ceiling deal to avoid a default in the world’s biggest economy. The House vote is on Wednesday and could face objections, according to theAssociated Press.\nAn additional concern for investors is interest rate policy at the Federal Reserve. Loretta Mester, president of the Federal Reserve Bank of Cleveland, told the Financial Times there was no “compelling reason to pause” rate hikes in June, citing “embedded, stubborn inflationary pressure,” according to areporton Wednesday.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 37.0% chance the Fed will keep rates unchanged in June, and a 63.0% chance for another 25 basis-point rate hike, up from 59.6% on Tuesday.\nThe U.S. employment report will be released on Friday, giving another insight into the state of the economy and inflation pressure.', 'Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets. Bitcoin, Ether flat; XRP surges Bitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according to data from CoinMarketCap. The world\x92s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level. Digital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesday report from European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals\xa0US$272 million \x97 an indication that bearish sentiment continues to weigh heavily on the crypto market. Ether inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week. Most other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin. XRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%. Markus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token\x92s surge could be linked to the announcement of a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SEC charges that he had engaged in insider trading. Story continues That resolution could, Thielen suggests, benefit Ripple \x97 the issuer of XRP \x97 in its own legal dispute with the SEC, leading to gains for XRP. Elsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week. The total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion. Excitement returns to NFT market The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.22% to 3,403.49 in the 24 hours to 10:50 a.m. in Hong Kong, but edged up 0.32% for the week. NFT sales on Ethereum rose 22.00% in the past 24 hours to US$18.23 million. That rise was spearheaded by Bored Ape Yacht Club (BAYC) transactions, according to CryptoSlam data. Meanwhile, NFT sales on Bitcoin fell 18.77% to US$3.52 million. BAYC sales totaled US$2.86 million on Tuesday, almost three times higher than sales of the collection throughout Monday. \x93The rise in BAYC volume is interesting as some of the larger transactions price doesn\x92t match the traits/rarity,\x94 said Eric Dettman, NFT advisor at CryptoSlam. \x93They aren\x92t washes on paper but there may be some behind the scenes dealing going on.\x94 BRC-721E token standard was launched on Monday. The initiative allows traders to move their Ethereum-based NFTs to the Bitcoin network. That process is irreversible as it permanently burns the NFT on the Ethereum network before transfer. \x93Now we\x92ll get to see traders\x92 convictions on the Bitcoin ecosystem play out in real time,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs. \x93At this point, no one can deny that Bitcoin\x92s NFTs are here to stay, but the question of \x91Will Bitcoin NFTs flip Ethereum NFTs?\x92 is another story. I think they will.\x94 NFT trader sentiment is also seeing a boost from Web3 developments in China and Russia. On May 23, China\x92s national broadcaster CCTV reported on Hong Kong\x92s recent crypto regulation drive. That unexpected move preceded the release of a Web 3.0 white paper by the municipal government of Beijing. The wide-reaching paper\xa0covers sectors including NFTs and the metaverse. \x93 China is coming into NFTs and crypto, and Russia will use crypto to settle payments across borders,\x94 said Petscher. \x93These two major announcements are bringing excitement back to the NFT and crypto markets and lead many to believe that these alone can turn the market around.\x94 U.S. futures dip before debt ceiling vote Image: Envato Elements U.S. stock futures fell as of 12:00 p.m. in Hong Kong, with Dow Jones Industrial Average futures dipping 0.34%, S&P 500 futures down 0.25%, and the Nasdaq futures losing 0.15%. Investors are jittery ahead of the U.S. Congress\x92 vote on the debt ceiling deal to avoid a default in the world\x92s biggest economy. The House vote is on Wednesday and could face objections, according to the Associated Press . An additional concern for investors is interest rate policy at the Federal Reserve. Loretta Mester, president of the Federal Reserve Bank of Cleveland, told the Financial Times there was no \x93compelling reason to pause\x94 rate hikes in June, citing \x93embedded, stubborn inflationary pressure,\x94 according to a report on Wednesday. The Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 37.0% chance the Fed will keep rates unchanged in June, and a 63.0% chance for another 25 basis-point rate hike, up from 59.6% on Tuesday. The U.S. employment report will be released on Friday, giving another insight into the state of the economy and inflation pressure.', 'Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets.\nBitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according todatafrom CoinMarketCap. The world’s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level.\nDigital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesdayreportfrom European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals\xa0US$272 million — an indication that bearish sentiment continues to weigh heavily on the crypto market.\nEther inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin.\nXRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%.\nMarkus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token’s surge could be linked to theannouncementof a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SECchargesthat he had engaged in insider trading.\nThat resolution could, Thielen suggests, benefit Ripple — the issuer of XRP — in its own legal dispute with the SEC, leading to gains for XRP.\nElsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week.\nThe total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.22% to 3,403.49 in the 24 hours to 10:50 a.m. in Hong Kong, but edged up 0.32% for the week.\nNFT sales on Ethereum rose 22.00% in the past 24 hours to US$18.23 million. That rise was spearheaded by Bored Ape Yacht Club (BAYC) transactions, according toCryptoSlamdata. Meanwhile, NFT sales on Bitcoin fell 18.77% to US$3.52 million.\nBAYC sales totaled US$2.86 million on Tuesday, almost three times higher than sales of the collection throughout Monday.\n“The rise in BAYC volume is interesting as some of the larger transactions price doesn’t match the traits/rarity,” said Eric Dettman, NFT advisor at CryptoSlam. “They aren’t washes on paper but there may be some behind the scenes dealing going on.”\nBRC-721E token standardwas launched on Monday. The initiative allows traders to move their Ethereum-based NFTs to the Bitcoin network. That process is irreversible as it permanently burns the NFT on the Ethereum network before transfer.\n“Now we’ll get to see traders’ convictions on the Bitcoin ecosystem play out in real time,”saidYehudah Petscher, NFT Strategist at Forkast Labs. “At this point, no one can deny that Bitcoin’s NFTs are here to stay, but the question of ‘Will Bitcoin NFTs flip Ethereum NFTs?’ is another story. I think they will.”\nNFT trader sentiment is also seeing a boost from Web3 developments in China and Russia.\nOn May 23, China’s national broadcaster CCTVreportedon Hong Kong’s recent crypto regulation drive. That unexpected move preceded the release of aWeb 3.0 white paperby the municipal government of Beijing. The wide-reaching paper\xa0covers sectors including NFTs and the metaverse.\n“Chinais coming into NFTs and crypto, andRussiawill use crypto to settle payments across borders,” said Petscher. “These two major announcements are bringing excitement back to the NFT and crypto markets and lead many to believe that these alone can turn the market around.”\nU.S. stock futures fell as of 12:00 p.m. in Hong Kong, with Dow Jones Industrial Average futures dipping 0.34%, S&P 500 futures down 0.25%, and the Nasdaq futures losing 0.15%.\nInvestors are jittery ahead of the U.S. Congress’ vote on the debt ceiling deal to avoid a default in the world’s biggest economy. The House vote is on Wednesday and could face objections, according to theAssociated Press.\nAn additional concern for investors is interest rate policy at the Federal Reserve. Loretta Mester, president of the Federal Reserve Bank of Cleveland, told the Financial Times there was no “compelling reason to pause” rate hikes in June, citing “embedded, stubborn inflationary pressure,” according to areporton Wednesday.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 37.0% chance the Fed will keep rates unchanged in June, and a 63.0% chance for another 25 basis-point rate hike, up from 59.6% on Tuesday.\nThe U.S. employment report will be released on Friday, giving another insight into the state of the economy and inflation pressure.', '• US stocks traded mixed on Tuesday as investors await completion of the debt ceiling deal.\n• The US Treasury has indicated that it could run out of money by June 5, so the clock is ticking.\n• Continued excitement surrounding artificial intelligence helped power the Nasdaq higher.\nUS stocks finished mixed on Tuesday, after paring earlier gains as investors await completion of therecent debt ceiling dealmade between House Speaker Kevin McCarthy and President Joe Biden.\nThe deal wouldraise the debt ceiling until January 2025and includes various spending cuts and deficit reduction measures, including keeping non-defense discretionary spending roughly flat in 2024, with only a 1% increase in 2025.\nThe deal will allow the US to avoid the fast-approaching "X-date," when the Treasury runs out of money to pay its bills. Treasury Secretary Janet Yellen estimates that day could come on June 5.\nThe deal still has to be voted on and passed in the House and Senate chambers of Congress before going to Biden for his signature. And several Republicans voiced opposition to the deal on Tuesday, threatening prospects of its passage.\nMeanwhile, artificial intelligence stocks continued to jump on Tuesday, with shares of Nvidia jumping about 3% to a record high. The stock briefly hita $1 trillion valuation for the first time ever.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday:\n• S&P 500:4,205.52, unchanged\n• Dow Jones Industrial Average:33,042.78, down 0.15% (50.56 points)\n• Nasdaq Composite:13,017.43, up 0.32%\nHere\'s what else is happening this morning:\n• Nvidia stock surged 4% after the company unveiled new artificial intelligence products over the weekend, including the DGX Gh200 AI Supercomputer.\n• Microsoft\'s market capitalizationcould surge by $300 billion thanks to the rise of AIand its exposure to ChatGPT, according to Wedbush.\n• Wharton professor Jeremy Siegeldoesn\'t see the mania around AI stocks as a bubble— and said it\'s impossible to predict where these mega-cap tech stocks will peak.\n• Steve Cohen\'s Point72 fundlikely scored a swift $100 million gain on its Nvidia stockover the past two months.\n• Elon Muskis once again ringing the alarm on the US real estate sector."Commercial real estate is melting down fast. Home values next," the Tesla and SpaceX chief tweeted\xa0on Monday.\n• UShousing prices increased 4.3% in the first quarterof the year, but a bifurcated market means notable geographical areas of strength and weakness.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 4.03% to $69.74 per barrel.Brent crude, oil\'s international benchmark, dropped 4.22% to $73.82.\n• Goldrose 1.75% to $1,978.40 per ounce.\n• The yield on the 10-year Treasury fell 11 basis points to 3.69%.\n• Bitcoin rose 0.45% to $27,869, while ether jumped 0.84% to $1,908.\nRead the original article onBusiness Insider', 'An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. Drew Angerer/Getty Images US stocks traded mixed on Tuesday as investors await completion of the debt ceiling deal. The US Treasury has indicated that it could run out of money by June 5, so the clock is ticking. Continued excitement surrounding artificial intelligence helped power the Nasdaq higher. US stocks finished mixed on Tuesday, after paring earlier gains as investors await completion of the recent debt ceiling deal made between House Speaker Kevin McCarthy and President Joe Biden. The deal would raise the debt ceiling until January 2025 and includes various spending cuts and deficit reduction measures, including keeping non-defense discretionary spending roughly flat in 2024, with only a 1% increase in 2025. The deal will allow the US to avoid the fast-approaching "X-date," when the Treasury runs out of money to pay its bills. Treasury Secretary Janet Yellen estimates that day could come on June 5. The deal still has to be voted on and passed in the House and Senate chambers of Congress before going to Biden for his signature. And several Republicans voiced opposition to the deal on Tuesday, threatening prospects of its passage. Meanwhile, artificial intelligence stocks continued to jump on Tuesday, with shares of Nvidia jumping about 3% to a record high. The stock briefly hit a $1 trillion valuation for the first time ever. Here\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday: S&P 500 : 4,205.52, unchanged Dow Jones Industrial Average : 33,042.78, down 0.15% (50.56 points) Nasdaq Composite : 13,017.43, up 0.32% Here\'s what else is happening this morning: Nvidia stock surged 4 % after the company unveiled new artificial intelligence products over the weekend, including the DGX Gh200 AI Supercomputer. Microsoft\'s market capitalization could surge by $300 billion thanks to the rise of AI and its exposure to ChatGPT, according to Wedbush. Wharton professor Jeremy Siegel doesn\'t see the mania around AI stocks as a bubble — and said it\'s impossible to predict where these mega-cap tech stocks will peak. Steve Cohen\'s Point72 fund likely scored a swift $100 million gain on its Nvidia stock over the past two months. Elon Musk is once again ringing the alarm on the US real estate sector. "Commercial real estate is melting down fast. Home values next," the Tesla and SpaceX chief tweeted\xa0on Monday. US housing prices increased 4.3% in the first quarter of the year, but a bifurcated market means notable geographical areas of strength and weakness. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 4.03% to $69.74 per barrel. Brent crude , oil\'s international benchmark, dropped 4.22% to $73.82. Gold rose 1.75% to $1,978.40 per ounce. The yield on the 10-year Treasury fell 11 basis points to 3.69%. Bitcoin rose 0.45% to $27,869, while ether jumped 0.84% to $1,908. Read the original article on Business Insider', 'Singapore --News Direct-- Huobi Singapore / May 31, 2023 / Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC). By joining HKVAC, an organization dedicated to providing credit ratings for crypto asset exchanges and trading products. Huobi aims to develop a venture capital database that caters to the needs of the market, actively engage in educating the public about crypto investments, and offer Hong Kong traders a "one-stop" crypto asset trading service. Ultimately, with Huobi Hong Kong (Huobi HK) as the pivot, Huobi is committed to supporting Hong Kong in its efforts to become a global Web3 hub. HKVAC is said to be a collaboration of many crypto industry players, including exchanges, institutional investors, and Hong Kong-licensed rating agencies. It was established primarily to enhance the industry\'s capabilities in security risk management and to assist the Central Government and Hong Kong\'s local authorities in building a world-leading hub for virtual asset and digital finance. At the same time, it commits itself to creating a safe, open and transparent environment for crypto asset investments under the guidance of "Hong Kong\'s new crypto regulations.” It will also promote the acceptance and recognition of crypto assets by helping the public gain systematic, correct and secure knowledge about crypto investments. As an exchange that always prioritizes "global security and compliance operations", Huobi has maintained the best industry record of 100% functionality and no security incidents for ten years since its inception. Huobi will bring its expertise in security technology and its compliant, standardized processes to HKVAC as a reference. Together they can provide risk management indicators to investors in the industry and set strict rating standards to evaluate existing exchanges, so that more crypto investors can have a clear understanding of the risk level of their investments. This will accelerate the creation of a safe and friendly crypto environment in Hong Kong. Story continues In addition, as a pioneer in establishing itself as a Web3 gateway, Huobi will join hands with HKVAC to continuously pursue multi-dimensional collaborations and advancements in technology, data, and ecosystem development. Together, Huobi and HKVAC will facilitate the application of Web3 infrastructure and build a bridge between the real world and the realm of Web3 to encourage wider acceptance and participation in Web3. These endeavors will drive the development of Hong Kong\'s Web 3.0 industry and serve as the stepping stones on Hong Kong\'s way to becoming a global hub for Web 3.0 (the third-generation Internet). As previously reported, Huobi will officially launch Huobi HK. Starting June 1, Huobi HK is expected to deliver unparalleled trading experiences to Web3 users through its wide range of products. Users can trade cryptocurrencies like BTC, ETH, TRX, LTC, BCH, DOGE, SHIB, BTT, SOL, ADA, and other major cryptocurrencies listed in the independent index on Huobi HK. A Huobi representative said that joining HKVAC will boost Huobi\'s business in Hong Kong and lay the foundation for future operations Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,279,095,875 - Hash Rate: 349729770.9452385 - Transaction Count: 421579.0 - Unique Addresses: 709100.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin, Ethereum, And Dogemiyagi: Is Dogemiyagi The Eth Of Meme Coins? Pepe Coin’s recent rally has brought meme coins even more traction than usual. This meme coin season has been one of the most exciting highlights of 2023’s Q2. While Pepe Coin and Shiba Inu might be leading the rally, a new presale token, DogeMiyagi (MIYAGI), has also been attracting a great deal of attention due to its combination of memetastic branding and incredible utility. This article will dive into what exactly MIYAGI can offer the meme coin market and compare it with Bitcoin’s (BTC) and Ethereum’s (ETH) impact on their markets. DogeMiaygi – Embracing Decentralization DogeMiaygi (MIYAGI) is not your ordinary cryptocurrency. With a strong emphasis on DeFi, MIYAGI aims to empower its token holders by recognizing their pivotal role in shaping the coin’s future. As a DAO, MIYAGI allows the community to participate actively in decision-making processes, ultimately steering the coin’s trajectory. By embracing this community-led approach, MIYAGI offers a unique cryptocurrency adventure where decentralization is the key driver. Its commitment to DeFi sets it apart from other meme tokens, showcasing its intent to redefine the meme coin sphere! Bitcoin’s Impact On The Cryptocurrency Market Bitcoin (BTC), the pioneer of cryptocurrencies, has undoubtedly left an indelible mark on the market. Its revolutionary decentralized nature was the first crypto to truly disrupt traditional financial systems and ushered in a new era of peer-to-peer transactions. Bitcoin’s impact has been monumental, instilling trust and legitimacy in the concept of cryptocurrencies. Its limited supply and decentralized network have attracted a global community of users, contributing to its widespread adoption and recognition as a digital store of value. Bitcoin’s influence extends beyond its technology, shaping the very foundations of the cryptocurrency market. Ethereum’s Influence on Its Market Ethereum (ETH), often hailed as the world’s decentralized computer, has reshaped the blockchain landscape. Beyond its native cryptocurrency Ether, Ethereum introduced the concept of smart contracts, opening the door to decentralized applications and the issuance of new tokens. Story continues This innovation has paved the way for a vibrant ecosystem of DeFi and NTFs. Ethereum’s versatility and programmability have propelled it to become the second-largest cryptocurrency by market cap, solidifying its impact on the market and positioning it as a catalyst for innovation! In the ever-evolving cryptocurrency market, Bitcoin, Ethereum, and meme coins have all played pivotal roles in shaping the industry. DogeMiaygi’s commitment to decentralization and its transformation into a DAO will give token holders significant influence over the coin’s future. Bitcoin, as the original cryptocurrency, has laid the groundwork for trust and disrupted traditional financial systems. Ethereum, with its smart contract capabilities, has unlocked endless possibilities, fostering the growth of DeFi and NFTs! Follow the Links For More Information on DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi... - Reddit Posts (Sample): [['u/jradxit2', 'Customs and BTC', 114, '2023-05-31 00:10', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/', 'Curious, how does having the keys to over 10k in BTC in your head apply?', 'https://i.redd.it/lyg85963333b1.jpg', '13w3r6r', [['u/coelectric', 28, '2023-05-31 00:54', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jm9kpax/', "What about your debit card with 10k or more? What about your credit card with 10k or more? It's not their business.", '13w3r6r'], ['u/Huge_Monero_Shill', 20, '2023-05-31 02:07', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jm9uwui/', 'Only if its a good hair day', '13w3r6r'], ['u/Normal-Knowledge4857', 20, '2023-05-31 02:23', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jm9wz2d/', 'Credit card is KYC. All those are bearer assets.', '13w3r6r'], ['u/cryptocam72', 88, '2023-05-31 04:45', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmaflwp/', 'It’s not on your person, it’s on the blockchain. No need to declare.', '13w3r6r'], ['u/cflynn07', 18, '2023-05-31 05:41', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmam5by/', 'Bitcoin fixes this', '13w3r6r'], ['u/pezdal', 17, '2023-05-31 06:29', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmara2y/', 'Makes it easier to rob you.', '13w3r6r'], ['u/zrad603', 40, '2023-05-31 07:45', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmayg9a/', 'I remember there was the case of a guy named Davi Barker who made a bunch of bitcoin lapel pins. He was selling them at a conference, and he got hassled by TSA for having a "bag full of bitcoin".', '13w3r6r'], ['u/SaneLad', 12, '2023-05-31 08:29', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmb240o/', 'Anti money laundering and capital controls.', '13w3r6r'], ['u/Bitcoin_Maximalist', 30, '2023-05-31 08:36', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmb2ng0/', 'Bitcoin is worthless magic internet money. Nothing to declare here.', '13w3r6r']]], ['u/Dull-Soup-2640', 'What causes people to become silver bugs?', 36, '2023-05-31 01:18', 'https://www.reddit.com/r/Wallstreetsilver/comments/13w5fm7/what_causes_people_to_become_silver_bugs/', 'I have decided that I would like to allocate a small percentage of my earnings to the two precious metals gold and silver. \n\nI am a long btc stacker and I\'ve experienced life altering gains as well as life altering realizations.\n\nAs time went along, I started reading more and more books about money and economics in general and I learned a lot about gold and silver.\n\nI learned that people buy gold for the same reason people buy bitcoin (inflation, store of value, etc).\n\nI decided that I want to buy gold and silver because it\'s been the hardest money for the longest amount of time throughout human history.\n\nI\'m going to buy gold and silver, not as a way to profit, but as an "insurance" in case things hit the fan.\n\nMy main concern: WHY BUY SILVER??\n\n\n\nI\'ve read sources that don\'t like gold. I\'ve read sources that do like gold. I\'ve read sources that like gold but not silver. I\'ve read sources that like BOTH gold and silver.\n\nI\'ve seen horror stories of one twin buying silver and one twin buying bitcoin 10 years ago. I recently saw a reddit post about "hey guy after 15 year of silver stacking im giving up because I am at break even and all my other friends are in profit from sp500 and bitcoin"\n\nI\'ve heard that the production of silver will ramp up to meet demand, which means silver will never maintain a high price, because as soon as prices rise, production will rise which will bring down price.\n\n\n\nWhat do you guys think? What convincing reasons are there to buy silver? Because if there is no good reason, I will just buy maybe 1 silver for every 20 gold.', 'https://www.reddit.com/r/Wallstreetsilver/comments/13w5fm7/what_causes_people_to_become_silver_bugs/', '13w5fm7', [['u/rb109544', 10, '2023-05-31 01:59', 'https://www.reddit.com/r/Wallstreetsilver/comments/13w5fm7/what_causes_people_to_become_silver_bugs/jm9tqm9/', "Here's my take. I did market research a couple/few years back simply because covid was coming on and the boss wanted to know where the money in the market was flowing. Renewables at that time had gotten new stronger legs than the last small boom. So I turned in my report, yada yada yada...was sitting on the couch that night and told myself I've got to think 6 steps ahead...pondered what goes into renewables...out of all the things I know goes in, silver was the one that had cheap prices, and started collecting many many decades ago so I already loved it. The prior year I'd started collecting again and remembered how much I really loved it as a kid.\n\nFast forward, the more and more I researched it became obvious every single technology thing these days needs a lot more silver as copper is being pushed to it's limits. Massive new industrial consumption in combination with a supply shortage then supply chain disruptions. Now the banking and currency crisis has become more viable in mainstream news although most of us here saw it coming long ago...most of us old folks have the memory of not being $32T in debt. Mix in that GDP adds in deficit spending and it's currently barely above water...in reality it's negative GDP now. Inflation measures are all bad. Debt to GDP looks like shit. 10 yr - 2 yr spread is one of worst in history and way worse back to at leas the cold war. Dedollarizarion...although the world elites wont let that happen...it still hurts the dollar while all others race for the bottom.\n\nGold to Silver Ratio (GSR) up around 80...projections show 30 is realistic. Gold set to quickly go above $3k. Add in new industrial consumption and everything above, and that easily pushes silver $100+.\n\nI just like the shiny. I can afford a single small gold coin occassionally. I can afford a dozen silver coins regularly, so I get variety (sometimes at a higher premium). I can DCA easier with silver than gold. I just like the shiny...and the memes, let's not forget the WSS memes.", '13w5fm7']]], ['u/HrafnHaraldsson', 'What would happen if oil producers only accepted Bitcoin?', 30, '2023-05-31 01:34', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/', 'Like if a cartel of oil-producing nations decided that they would only accept Bitcoin in exchange for oil. Would it be "regime change" time? Totally global economic collapse? Business as usual some places, and hockey mask time in others? Like in what scale would things be effected?\n\nDisclaimer- I don\'t know shit about fuck, how the petrodollar works, the stock market, or economics in general. I\'m just a guy who knows my money is basically just delayed-onset toilet paper, and has been holding onto some sats because they\'re a more viable medium for digital exchange than silver or bullets or some shit. So please bear that in mind before roasting me, thank you.', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/', '13w5tak', [['u/gvictor808', 31, '2023-05-31 01:52', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jm9sv2k/', 'Wow if OPEC announced this they would amass insane wealth, and BTC would hit $500k in about two weeks.', '13w5tak'], ['u/Umpire_State_Bldg', 12, '2023-05-31 03:23', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jma53b9/', 'Eventually, oil producers will only accept Bitcoin. It will be a different world then.', '13w5tak'], ['u/FairBlamer', 13, '2023-05-31 03:38', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jma6yle/', '>delayed-onset toilet paper\n\nThat’s actually genius, I’m stealing that', '13w5tak'], ['u/Bisquick_in_da_MGM', 12, '2023-05-31 04:17', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmac1bv/', 'They would be liberated by the US military.', '13w5tak'], ['u/Analog_AI', 10, '2023-05-31 05:31', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmal1o9/', 'And 12 million in a year.', '13w5tak'], ['u/extrastone', 16, '2023-05-31 06:26', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmar0vw/', 'A word on OPEC: Their militaries are not very good (small size and local disunity) and so they accept the currency of the nation that offers them the best chance at defense. The Saudis are starting to accept Yuan because they want the Chinese to look at them as worthy of that defense.\n\nRight now there is not a bitcoin funded military that is capable of defending Saudi Arabia.', '13w5tak'], ['u/Difficult-Rough9914', 10, '2023-05-31 07:24', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmawio1/', 'This is true within countries. When talking about transnational trade, governments want something that is stable & trustworthy. We’ve been on the petrodollar since 71. I think there are about 50 other countries that are using USD rather than their own sovereign currency. These countries are getting screwed now because the global reserve currency has been manipulated so much. There’s also been 17 sovereign defaults in the last two years compared to two in the previous two decades. I’d argue that there is no better ledger than Bitcoin to use as a unit of account for settlement of global trade. BIS has said they will allow central banks to hold up to 2% crypto starting in 2025. Apparently the banks were asking for 5%.\n\n\nBitcoin is inevitable', '13w5tak']]], ['u/anguyen11', 'How do I convince my friend this is a crypto scam.', 49, '2023-05-31 01:48', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/', 'My friend is convinced someone is helping him make money in crypto. \n\n1. They met on facebook, not in person.\n\n2. They had him install an app called bigbtc (I can’t find it on app store) and crypto.com (he also installed crypto.com as a “third party” app). \n\n3. They “loaned” him 10k in the app (called Bigbtc) and have been advising him to bid through that app. The app balance now shows 100k in USDT, but when he tries to withdraw, it asks for a “bank card” or crypto wallet address. \n\n4. Inputting that wallet address shows no change in his balance in crypto.com\n\n5. He says they asked him for 10k back so they can reveal the “method” to withdraw money from this app.\n\n6. The bigbtc app has no password to open and seemingly no security, unlike crypto.com where it hides the app info(when switching apps) and requires a password every time. \n\n\nHow do I convince him this is a scam? He is adamant about giving them 10k to withdraw the “100k” and has been asking his friends to borrow the money.\n\n\nUPDATE: \nI walked him through each point and showed him some patterns of pig-butchering scams. He seemed to understand, and I recommended he block the scammer.', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/', '13w6582', [['u/DPMx9', 71, '2023-05-31 01:59', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jm9trwp/', 'Your friend can either learn by looking at the hundreds of !crypto scam posts here...\n\nOr they can learn the hard way, by losing every penny they send to the scammers.\n\nBe available and be nice, but remember that you cannot rescue every kitten - people need to be willing to accept help in those situations, and some of them tend to be highly resistant to suggestions that their new found "fortunes" are not real.', '13w6582'], ['u/cyberiangringo', 11, '2023-05-31 02:49', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma0jx7/', 'He will find out in his own soon enough.', '13w6582'], ['u/DellaPatton1', 15, '2023-05-31 03:09', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma37k6/', "He hasn't made any money its all fake. All the money he sent them is gone. Look out for !recovery scammers claiming they can hack it back. Theyre scammers too.", '13w6582'], ['u/anguyen11', 16, '2023-05-31 03:13', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma3pli/', 'Theyre already in my dms lmao', '13w6582'], ['u/DellaPatton1', 14, '2023-05-31 03:16', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma442s/', 'They are boils on the butt of society preying on desperate people.', '13w6582'], ['u/berrylife', 32, '2023-05-31 04:08', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jmaayje/', 'You can try sending him this thread… \n\nOPs friend, if you’re reading this - it’s a scam.', '13w6582'], ['u/Mediocre_Airport_576', 25, '2023-05-31 05:06', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jmai3zb/', ">They met on facebook, not in person.\n\nI mean... everything you listed is a red flag... but this is all you need to know. !crypto scam.\n\nNo need to read further: you don't find non-scammers who want to help you make money in crypto on Facebook or really anywhere else. \n\nIf these scammers \\actually\\ had a way to turn 10k into 100k in a short period of time, they could do it five more times and end up with 10,000,000,000. Why the hell would they need HIS money if they can 10x investments in short time frames? \n\nThe 100k balance is fake. They can show him any balance they want to. He's not only going to be out money, but he'll lose friends and family if they lend to him for this crap.\n\nTell him he's a fool, and that he's about to lose everything. Search this sub for various crypto scams to show him, if he's open to it.\n\nWatch out for !recovery scammers in your DMs, too. They are the scum of the earth.", '13w6582'], ['u/ElectroStaticSpeaker', 11, '2023-05-31 06:59', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jmau6t8/', 'It really boggles my mind how it makes sense to anyone that they would have to send money to reveal the method to with draw the money from a financial institution if it were legitimate. And why on earth would it cost 10k to do so? I am not suggesting that your friend send any money at all, but what is the explanation these scammers are providing for why it costs $10k instead of $1 to "reveal the method?" If he won\'t listen to any reason at all, perhaps you can at least convince him to reduce his exposure to a manageable amount. He still will lose the money. But hopefully it would be less than $10k.', '13w6582']]], ['u/yesweyolo', 'There will be another bull run', 239, '2023-05-31 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/', 'The halving creates a miraculous time of tremendous opportunity, one which theoretically will reach exhaustion at some point. Many people are convinced that 2025 is the year that the bullruns stop. They argue that there won\'t be enough of an impact from the halving. I would argue that barring outright economic collapse there will be another bull run, just like there was in 2013, 2017 and 2021. Let\'s look at some numbers:\n\nPre-halving: 6.25 BTC mined per block.\n\n900/day\n\n900 x $27,500 = $24,750,000\n\n44M unique addresses (26M more than 2020) and 250,000 confirmed transactions daily https://explodingtopics.com/blog/blockchain-stats\n\n"The Chinese are coming" (and I\'m sure the "Saudis are (still) buying"). The impact of this cannot be underestimated. Maybe it takes a while to kick in and I\'m sure they\'ll ban it again soon enough, but it will have an effect.\n\nPlus, the halving creates hype and brings other new users. When BTC touches $50K again, it will get attention from people who remember seeing that happen in 2021 and regretted being on the sidelines with no ticket. They\'ll start to look for influencers (including Forbes, CNBC, etc.) and they\'ll see the various projections of (bearishnumber), (reasonableexpection), (crazyhighnumber), etc. and they\'ll start to believe that they\'re still early. Dips will look like buying opportunities. The floor will continue to increase.\n\nMeanwhile, as of recently: 53% of coins haven\'t moved in 2 years https://decrypt.co/126006/more-bitcoin-than-ever-is-now-dormant-heres-what-that-means\n\nAssuming each user has 2-3 addresses (yes, I know you all have 10 😅 but the average user still probably has only 1 or 2) let\'s say $24,750,000/18,000,000 buyers = $10/week of buying to support $27.5K. Doable, obviously. \n\nNow let\'s cut the number of mined BTC in half and 2.5x the number of addresses that account for 1 person and 1 person alone in 2025 (18M x 2.5 = 45M):\n\n$12,375,000/45,000,000 = $2/week\n\nSeems to me that the market, which can support $10/week well enough, is liable to find support at $135,000 when the mining rewards halve.\n\n👀😳🥳\n\nAnd that ladies and gentlemen is how we Hopium!', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/', '13w6ul1', [['u/dcdplex', 50, '2023-05-31 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9x410/', "I mean, you're doing math so I trust you bro.", '13w6ul1'], ['u/liveaskings', 13, '2023-05-31 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9ycis/', 'Bro is trustworthy source because of maths', '13w6ul1'], ['u/monaslab', 15, '2023-05-31 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9yyhk/', 'If the bull run comes, we will get reward for dca over last 2 years.', '13w6ul1'], ['u/yesweyolo', 11, '2023-05-31 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9zcw5/', "That's why DCA is the way!", '13w6ul1'], ['u/Dull_Tough_7149', 156, '2023-05-31 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9zf79/', '2021 made me feel invincible. Then 2022 brought me back to reality. And 2023 left me with anxiety', '13w6ul1'], ['u/Lillica_Golden_SHIB', 43, '2023-05-31 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma0pow/', '2023 the year of the crab.', '13w6ul1'], ['u/002_timmy', 389, '2023-05-31 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma0z5y/', 'I agree with this post and find no problem with your math or logic because it tells me what I want to hear', '13w6ul1'], ['u/Odysseus_Lannister', 15, '2023-05-31 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma1prm/', 'And 2024 will come with great rewards but you’ll be too mentally broken to realize it. As is tradition with market cycles', '13w6ul1'], ['u/Character-Dot-4078', 13, '2023-05-31 03:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma3ko7/', 'Im totally fine with this, hopefully i wont have to do crab battles with a snake.', '13w6ul1'], ['u/mikeoxwells2', 12, '2023-05-31 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma4fli/', 'EOY 2025, $150k? Doesn’t sound unreasonable. I’ve learned that predictions are like assholes…', '13w6ul1'], ['u/yesweyolo', 99, '2023-05-31 03:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma6ifn/', 'I hear that confirmation bias is a sign of extraordinary intelligence. NASA will be in touch with you shortly.', '13w6ul1'], ['u/Every_Hunt_160', 12, '2023-05-31 03:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma8uer/', "2024 is 6 months away.. I think it'll be 2025, so by then I'll be fully mentally broken", '13w6ul1'], ['u/Elie0_0', 10, '2023-05-31 04:04', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmaadzc/', "That's just speculation, you can't say that there will be one", '13w6ul1'], ['u/Citizen_Kano', 16, '2023-05-31 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmae2s5/', '2023 is the year of accumulation', '13w6ul1'], ['u/3utt5lut', 31, '2023-05-31 05:37', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmalplh/', "Fuck it, I'm in!\n\n![gif](giphy\|l3fZLMbuCOqJ82gec)", '13w6ul1'], ['u/helobro11', 10, '2023-05-31 07:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmavymm/', 'Time to put my savings In crypto', '13w6ul1'], ['u/poisonzi', 11, '2023-05-31 07:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmaxuj5/', 'yeah but our calculations are different from reality', '13w6ul1'], ['u/hansjerry', 20, '2023-05-31 07:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmaysln/', 'I hear that large amounts of wealth is a sign of extraordinary intelligence. IRS will be in touch with you shortly.', '13w6ul1'], ['u/Vydrah', 14, '2023-05-31 10:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmbcjau/', 'I red the title and half of the first sentence, saw numbers + math, a few emoji smiley‘s (the good ones) meaning I agree 100% with your opinion and applaud you on your thorough research. Well done.', '13w6ul1'], ['u/Acceptable_One_2512', 12, '2023-05-31 15:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmc58kw/', 'a little too high on Hopium but thats seriously what we need rn. interesting info will keep it in mind', '13w6ul1']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, May 31, 2023', 27, '2023-05-31 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/', '13wbn37', [['u/kers2000', 10, '2023-05-31 06:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmaqiiy/', "Michael Saylor went on London Real. Sigh. If you don't know who he is, check on Coffeezilla. Saylor lacks judgment I swear. The corn needs a better ambassador. It deserves.", '13wbn37'], ['u/Qasim57', 14, '2023-05-31 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmaujjv/', 'Why do you do this to me, step-brother Bitcoin marketmaker?', '13wbn37'], ['u/Yodel_And_Hodl_Mode', 19, '2023-05-31 09:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmb6qq6/', '> The corn needs a better ambassador.\n\nBitcoin needs more investors, more sharing, more knowledge, and fewer self appointed ambassadors. Every few years, this place jumps from hero to hero, only to be let down when reality sets in. Enough of that nonsense.', '13wbn37'], ['u/DarthVarn', 13, '2023-05-31 10:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbau0w/', "Never heard of London Real so googled it. The first link from their site is David Icke, you know, the nutter who claims he is the son of God, climate change doesn't exist, the world will end in 1997 and the world is run by reptiles. Absolute bollocks, we all know the world is run by The Smurfs!", '13wbn37'], ['u/Essexal', 10, '2023-05-31 10:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbbub1/', 'Last day of the month. Good luck to all runners and riders. I’m still short.', '13wbn37'], ['u/cousin_brian', 22, '2023-05-31 10:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbcq6t/', 'Buy in June, then we moon.', '13wbn37'], ['u/Shark_mark', 17, '2023-05-31 14:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbyx2n/', 'I feel dumber for having read this.', '13wbn37'], ['u/dopeboyrico', 18, '2023-05-31 15:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmc6nzw/', 'The compromise bill to raise the debt ceiling negotiated between Biden and McCarthy is headed to the Republican led House today for a final vote before reaching the Democrat led Senate. With the revised x date of June 5th quickly approaching early next week, markets are going to be paying close attention to the outcome of today’s vote.\n\nAside from that, it’s now the end of May. [Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has YoY inflation for May at 4.12%. [Truflation](https://truflation.com) has YoY inflation for May at around 3.4% with a high of 3.96% and a low of 2.84%.\n\nFor the past several months the actual number has come in somewhere between these two estimates. If this trend continues we might see the actual number come in at or below 4% when it gets released a day before the Fed’s rate hike decision in June. Futures are closely split between pricing in a rate hike or a pause in June, leaning slightly towards a rate hike. YoY CPI for April came in at 4.9%. How high or low YoY CPI for May comes in at will guide the Fed in their rate hike decision.', '13wbn37'], ['u/delgrey', 12, '2023-05-31 16:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmcbmeu/', 'Chicago PMI 40.4, Exp. 47.2, Last 48.6\nBig big drop. We gonna have some fun soon!', '13wbn37'], ['u/gozunker', 20, '2023-05-31 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmcccmf/', 'To save others a Google - this is the Chicago Purchasing Managers’ Index. Readings above 50 indicate an expanding manufacturing sector, readings below indicate contracting. \n\nThis number coming in much lower than expected is bearish on the state of the US economy.', '13wbn37'], ['u/[deleted]', 10, '2023-05-31 17:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmcnz12/', 'I just woke up and I want this day to end already', '13wbn37'], ['u/GenghisKhanSpermShot', 25, '2023-05-31 19:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmd1gy3/', '[45k by July-Sept.](https://www.tradingview.com/x/VtPUCdjM/)', '13wbn37']]], ['u/rBitcoinMod', 'Daily Discussion, May 31, 2023', 38, '2023-05-31 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13vi6ln/daily_discussion_may_30_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/', '13wdye8', [['u/Realistic-Jelly8133', 11, '2023-05-31 11:39', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/jmbg0w6/', 'Yea, younger generations in general are much more receptive to Bitcoin. A digital world requires a digital money. Goldbugs have the right idea about sound money, but are stuck in the past.', '13wdye8'], ['u/Romsel87', 10, '2023-05-31 13:42', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/jmbqv4m/', "Gold is deep-rooted in society, don't underestimate this. The reason i mention this is because i have kids and gold is everywhere: books, cartoons, themeparks etc. People grow up with the idea gold has value and this will not change soon. It may take a few more decades.", '13wdye8'], ['u/escodelrio', 16, '2023-05-31 14:35', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/jmbwx7c/', "Historical Bitcoin prices for today, May 31st:\r \n\r \n2023 - $27,100\r \n2022 - $31,793\r \n2021 - $37,299\r \n2020 - $9,455\r \n2019 - $8,558\r \n2018 - $7,503\r \n2017 - $2,303\r \n2016 - $529\r \n2015 - $230\r \n2014 - $628\r \n2013 - $129\r \n2012 - $5.2\r \n2011 - $8.7\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/31/2023 is $9,127.90.", '13wdye8']]], ['u/Knotley-Hunt-Brick', 'El Salvador appoint "Bitcoin Standard" author to be an economic adviser. Then man of the popular bitcoin book meet the man who adopt bitcoin countrywide.', 26, '2023-05-31 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/', 'El Salvador has a national bitcoin office created back in November 2022, cool department tbh and appoint the famous "The Bitcoin Standard" author as an Economic Adviser. \n\nEl Savador has been pulling through daring moves steps by steps starting with adopting BTC has legal tender, and now recruit Dr. Saifedean as an economic adviser. \n\nDespite the threats from global super power due to crypto regulations, El Salvador has been pulling through and Author Dr.Saifedean predicts that the country will be DEBT FREE if it keeps accumulating Bitcoin for the next 5 years quoting “If you continue to accumulate Bitcoin for the next five years, there is a good chance that El Salvador will be debt free" . \n\nIf this pull through in the next 5 years, it will be a start of the Big Wave of countries adopting Bitcoin as Legal Tender. \n\nDr.Saifendean also quotes “If you have money that depreciates over time, there is no point in saving and it makes sense to get into debt,”.\n\nAll Eyes on You El Salvador and Good Lucks !\n\nCheers !', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/', '13we14o', [['u/MaeronTargaryen', 13, '2023-05-31 08:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/jmb103n/', 'Unpopular opinion but I think that people are over estimating what’s happening in El Salvador. It’s like he’s putting half of the GDP in BTC, it’s only a small portion. \n\nIt’s obviously still better than nothing and good for BTC adoption but I feel like appointing this author is posturing more than anything else more meaningful', '13we14o'], ['u/LrnFaroeseWthBergur', 11, '2023-05-31 09:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/jmb4ltw/', "In other countries, it's a threat to be called to the dean's office. In El Salvador, the dean gets called to office. \n\nSorry, bad joke.", '13we14o']]], ['u/traviszzz', 'How many people have meaningful amount of bitcoin?', 39, '2023-05-31 08:44', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/', "I often ponder this question. How many people on this planet truly understand and own bitcoin. I realized that the number is very small. \n\nhttps://bitinfocharts.com/top-100-richest-bitcoin-addresses.html\n\nBased on the bitcoin rich list, there are less than 4.5M addresses that holds more than 0.1btc, which is my meaningful ownership threshold. I know it is high for some people but I will just go with it. \n\nAssuming that each person on average has 5 addresses, that's less than 1M people on this planet that has more than 0.1 btc. \n\nIs bitcoin just too difficult to understand and own?", 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/', '13wen4s', [['u/TrevReznik', 42, '2023-05-31 09:03', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmb4r4o/', "You're right about one thing, people have more than one address, which means that a lot of people who don't have 0.1 btc in a single address actually do have a meaningful amount of bitcoin, it's just split up amongst multiple addresses.", '13wen4s'], ['u/BTCMachineElf', 21, '2023-05-31 09:08', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmb54y0/', "I'm sure there's plenty of people with 0.1 btc spread across a few addresses. \n\nI don't think the issue is usability. I think it's more about uncertainty. Most people don't trust that bitcoin will continue to hold value. Crypto is full of scams and they don't know what makes bitcoin unique.", '13wen4s'], ['u/forgotmypassword4714', 22, '2023-05-31 11:11', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbe1l6/', "It's my hope and dream to someday hold 1 BTC. I consider 0.1 and 0.5 to be the other big milestones along the way to that, of which I have reached the first one.\n\nI used to hold some alts as well but ever since this year I've been all Bitcoin.", '13wen4s'], ['u/FairBlamer', 11, '2023-05-31 13:13', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbo0bx/', 'Maybe a silly question, but what about exchange addresses or other forms of aggregate “ownership” represented on the blockchain?\n\nAt the end of the day, not your keys not your coins, but if one address represents like millions of customers for example it might be a little misleading to call it a single person’s stack.', '13wen4s'], ['u/GTE490V', 12, '2023-05-31 13:43', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbr0m2/', 'This.\n\nCoinbase has 100+ million users and an average user holding of $5k (all crypto, not just bitcoin). Impossible to figure out how many CB users have 0.1BTC or more, but safe to say it’s orders of magnitude more than everyone who self custodies their bitcoin. \n\nThat’s just coinbase. Binance, Kraken, Gemini, etc have significant users as well.', '13wen4s'], ['u/xXFortnite_FatherXx', 10, '2023-05-31 13:44', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbr2ye/', 'It’s for anonymity purposes.', '13wen4s'], ['u/User673412', 12, '2023-05-31 15:15', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmc20fv/', 'Considering the average savings account has around $4,500 , yes .1 BTC saved up is quite significant', '13wen4s'], ['u/xilanthro', 15, '2023-05-31 16:26', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmcbv5a/', 'Limit losses from either hacking, phishing, or addressing errors / have addresses attract less attention.', '13wen4s'], ['u/godofleet', 21, '2023-05-31 16:51', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmcfq34/', 'Imagine you bought bitcoin from 3 places .... Coinbase, Kraken, and a local friend.\n\nThe coin you got from your friend is entirely yours, and no one except you and your friend know those addresses belong to you.\n\nBut the coin (and corresponding addresses) you bought from CB/Kraken have your name associated with it.\n\nIf you send all of those coins to the same address, now the coin you got from your friend is no longer as anonymous - corps/governments/thieves with stolen databases could use this probable knowledge against you...\n\nThis is why your wallet is capable of generating a practically infinite number of addresses - keeping your transactions separate of one another is the most basic and important form of privacy controls you have within the bitcoin base layer.', '13wen4s']]], ['u/Concept-Plastic', 'Bitcoin Shrimps on the rise and Whales are on decline', 24, '2023-05-31 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13wer9n/bitcoin_shrimps_on_the_rise_and_whales_are_on/', "May has continued to be a month where Shrimps ( ones who hold <1 BTC) have continued their super agressive BTC accumulation. \n\n\n[BTC Shrimps at ATH](https://preview.redd.it/62rvm5iol53b1.png?width=2204&format=png&auto=webp&v=enabled&s=aeb42d5025af849b19a59531a5083c4e50bacbac)\n\n\n\nThey are recording a net monthly change of around +25000- 30000 BTC! which is astronomical. \n\n\n\n\n[Source: Glassnode](https://preview.redd.it/jkg942uzl53b1.png?width=4081&format=png&auto=webp&v=enabled&s=8571ba317dbf9f6cd9861c53400ea06d90b0e495)\n\n\n\nThe rise of shrimps and the decline of whales is very good for BTC. As BTC becomes more widely distributed among a diverse set of investors, the market becomes less prone to manipulaion, actions of a few whales. \n\n\n\n\n\n[A whopping 4.5% whales have reduced since Feb'21](https://preview.redd.it/yz9ioql0n53b1.png?width=4096&format=png&auto=webp&v=enabled&s=c7ba469651a39452a17a8c1e2d46a6248666d864)\n\n\n\nThis change is also accompanied by the fact that BTC is currently having around 62% holders who are making money! \n\n\n\n\n[62% holders making money at current price](https://preview.redd.it/yeh0exrpm53b1.png?width=2842&format=png&auto=webp&v=enabled&s=1724aeec0eca259b38120ff770dfd3d489a04c03)\n\nOverall, this data suggests that the majority of Bitcoin holders (62%) are currently in a profitable position at the current price. \n\n \nDCA and Hodl has been a super effective strategy for BTC holders, also a prime example of how it doesn't apply to any other crypto except ETH.", 'https://www.reddit.com/r/CryptoCurrency/comments/13wer9n/bitcoin_shrimps_on_the_rise_and_whales_are_on/', '13wer9n', [['u/Euphoric-Mode215', 14, '2023-05-31 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13wer9n/bitcoin_shrimps_on_the_rise_and_whales_are_on/jmb4ysd/', 'bullish in 3.. 2.. 1...', '13wer9n']]], ['u/middlemangv', 'BTC vs ETH - Why do we, as a community keep comparing these two when they are different in many ways. Embracing both unlocks full potential of crypto, and most people in crypto world will tell you that you should hold Bitcoin and Ethereum.', 12, '2023-05-31 15:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13wlsz1/btc_vs_eth_why_do_we_as_a_community_keep/', 'Yesterday were some posts comparing BTC and ETH, and people were discussing which one os "better", will ETH surpass BTC and so on.\n\nWell, I understand the "cultish" behaviour behind coins that you hold, but Idon\'t get it. Most of people that are into crypto hold both, understanding that both of them work in a specific way. Both projects are extraodinary, both server different purposes.\n\nSo I don\'t understand "will ETH surpass BTC, how much ETH went up compared to BTC this year, which one is faster, which one is more "programmable" etc.\n\nBitcoin is maybe simpler and more seen as a store of a value, with its fixed supply. Ethereum is a revolutionazing blockchain that is a great platform to build decentralized applications, meanwhile his supply is not capped, it is more upgreadable. It is known for its smart contracts.\n\nBitcoin is like a gateway to crypto. It is a pioneer, established cryptocurrency, more recognized then Ethereum. If you never heard about ETH you probably heard about BTC. After getting into crypto, it won\'t be a long time untill you find about ETH and its smart contracts, DeFi apps, gas fees. \n\nWe could go forever with comparisons between these two, but my point is: they are not rivals. They are something like a force when united can give you a full crypto potential, they are working together. Holding these bluechips will relieve you from stress in crypto world.\n\nBTC and ETH comparisons and debates should be moved from arguing to "working together". Different projects have different strenght and weaknesses.', 'https://www.reddit.com/r/CryptoCurrency/comments/13wlsz1/btc_vs_eth_why_do_we_as_a_community_keep/', '13wlsz1', [['u/Acceptable_One_2512', 11, '2023-05-31 16:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13wlsz1/btc_vs_eth_why_do_we_as_a_community_keep/jmc94me/', 'Its never about picking a side but trying to play both sides to win. Work smart', '13wlsz1']]], ['u/primalfabric', "It won't be long before Bitcoin would be the preferred mode for salary payment", 15, '2023-05-31 16:13', 'https://www.reddit.com/r/Bitcoin/comments/13wngel/it_wont_be_long_before_bitcoin_would_be_the/', "As Bitcoin gains more acceptance amongst people globally, it would only be a matter of time before it will become the preferred mode of payment between employees or clients.\n\nAlmost everyone I know who is still using fiat currencies to accept their salary or payments lost a big sum of money in exchange rates and bank fees. Not to mention the long waiting period for the payments to be processed. Some of my friends even got their transfers frozen until they could provide valid proof or legitimize the transaction to their bank.\n\nFor anyone running a business or not, this is a massive pain to navigate on a regular basis and the need for alternates is clearly urgent. That is why I have been suggesting settling payments in Bitcoin. While, large companies are still hesitant to use bitcoin, a lot of small businesses and entrepreneurs are opening up to it.\n\nBitcoin solves most of these problems that fiat payments suffer from and makes payments and transfers much easier globally. There are numerous payment services that allow Bitcoin invoicing at no cost whatsoever and almost every major payment gateway, may it be Blockonomics, BTC Pay, coingate, etc. now offers this service.\n\nThe benefits that Bitcoin provides are truly unparalleled compared to fiat and it's only a matter of time before more people realize that.\n\nNote: Bitcoin payments can be settled via sharing just a bitcoin address and amount but this is not the best method to transact mainly due to security reasons. It is advised to use an invoicing service to make sure correct payments are made.", 'https://www.reddit.com/r/Bitcoin/comments/13wngel/it_wont_be_long_before_bitcoin_would_be_the/', '13wngel', [['u/b0men', 23, '2023-05-31 16:20', 'https://www.reddit.com/r/Bitcoin/comments/13wngel/it_wont_be_long_before_bitcoin_would_be_the/jmcb1ki/', "For this to work, they'd have to change the rules about spending bitcoin. Today, if you spend bitcoin it incurs capital gains tax (in addition to the sales tax you also pay). It's seen as an asset not a form of money. \n\nAs bullish as I am, I would not want to be paid in bitcoin today with this rule because I'm already taxed enough on everything I do.", '13wngel']]], ['u/EDBANGER-REC', 'Bankruptcy valuations', 10, '2023-05-31 18:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/13wr2nk/bankruptcy_valuations/', 'Hi please pardon my ignorance: \n\nJust trying to get my head around how much we’ll get back as the bankruptcy date is locked in with the coin values on that date. \n\nSo say hypothetically Bitcoin goes to 40k could we be made whole in dollar terms as the bankruptcy date value was about 20k, and if not where does that value go as they didn’t sell Bitcoin and other crypto’s on the date of the bankruptcy. \n\nAlso, if Bitcoin were to be at 10k in a few months what would happen in that situation as the bankruptcy coin valuation would be double that. \n\nThanks', 'https://www.reddit.com/r/CelsiusNetwork/comments/13wr2nk/bankruptcy_valuations/', '13wr2nk', [['u/MyNameIsJoe68', 11, '2023-05-31 21:24', 'https://www.reddit.com/r/CelsiusNetwork/comments/13wr2nk/bankruptcy_valuations/jmdnbne/', "I don't want to sound rude or anything like that but you all are dreaming if you think we're getting whole. The NewCo will keep the earnings.", '13wr2nk']]], ['u/SamZFury', 'Bitcoins Airdrop for Bucket heads not working.', 44, '2023-05-31 18:43', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/', "So a few days ago I tried to claim the Bitcones airdrop for my Bucket heads here: https://www.reddit.com/r/ConeHeads/comments/131fsk5/bitcone_airdrop_bucket_heads_claim_phase/jlbnkg1/?context=3\n\n:nbsp;\n\nI haven't received the airdrop yet. I assumed the bot broke or something. Anyone knows any any info about this ?\n\nBtw, first post here. Hi to all the Coneheads :) 🖐", 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/', '13wrc3l', [['u/rickribera93', 24, '2023-05-31 18:50', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmcym0c/', "Sorry Sam, we'll get this corrected today.", '13wrc3l'], ['u/SamZFury', 17, '2023-05-31 18:55', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmczc2r/', 'Hey [rickribera93](https://www.reddit.com/user/rickribera93/)! thanks for reply :)', '13wrc3l'], ['u/SamZFury', 11, '2023-05-31 18:56', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmczhrq/', 'The message says I got the airdrop. But I just got the airdrop for one bucket. I have a total of 27 buckets.', '13wrc3l'], ['u/Bitdream200K', 18, '2023-05-31 19:05', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmd0wjo/', '6mins for an answer. \n\n5 stars for you Rick', '13wrc3l']]], ['u/Tonijran', 'Holding on to my Alts for So Long – Is it Time to Cut My Losses and Switch to Blue Chips?', 13, '2023-05-31 19:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/', "Hey fellow cryptocurrency enthusiasts!\n\nI've been on this rollercoaster ride with my altcoins, holding on tight and buying more every week as the market kept going down. Now, I'm considering whether it's worth it to cut my losses and swap my alts for some reliable blue-chip cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).\n\nI'm thinking of implementing a Dollar-Cost Averaging (DCA) strategy for BTC and ETH, but I can't help but wonder if it's better to just take the hit on my alts and reallocate the funds into more stable assets.\n\nOf course, I do plan to buy back most, if not all, of the alts I currently hold during the next alt season.\n\nI'd love to hear your thoughts and experiences on this matter. Have any of you been in a similar situation? What decisions did you make, and how did they pan out for you?\n\nThank you in advance for your insights!", 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/', '13wt9oc', [['u/Wonzky', 26, '2023-05-31 20:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/jmd9v1o/', 'My alts are so down in the red it just feels pointless for me to sell at this point, especially with no gains to offset', '13wt9oc'], ['u/MaeronTargaryen', 12, '2023-05-31 20:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/jmdebly/', 'Your portfolio has ADHD', '13wt9oc']]], ['u/[deleted]', 'Crypto use case', 44, '2023-05-31 20:51', 'https://www.reddit.com/r/ethereum/comments/13wul0j/crypto_use_case/', 'I’ve been in crypto for three years now, and honestly so far, there hasn’t been a single use case for crypto for me personally. All I’ve done is stake and have an ENS domain name on Ethereum and hold Bitcoin nothing more. \n\nI understand some people are interested in the financial derivatives aspect and that cross country ‘wiring’ through crypto is smoother.\n\nI want to know, what value and use cases does crypto bring to your life?', 'https://www.reddit.com/r/ethereum/comments/13wul0j/crypto_use_case/', '13wul0j', '[]'], ['u/Odlavso', "Why do we call the smallest denomination of bitcoin a Satoshi (SAT) but we don't call the smallest denomination of Ether a Vitalik (VIT)?", 13, '2023-05-31 21:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13wvhbo/why_do_we_call_the_smallest_denomination_of/', "Nobody told me we had special names for different denominations of bitcoin and the only one I knew about was the Satoshi because everybody is always STACKING SATS.\n\nApparently the different denominations of bitcoin are\n\n* Bitcoin = 1 BTC\n* DeciBit = 0.1 BTC\n* CentiBit = 0.01 BTC\n* MilliBit = 0.001 BTC\n* MicroBit = 0.000001 BTC\n* Finney = 0.0000001 BTC\n* Satoshi = 0.00000001 BTC\n\nFirst Question is why aren't people stacking FINS?\n\nBut I got curio... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell to near US$27,000 in Thursday morning trading in Asia and posted the first monthly loss of the year. Ether and all the top 10 non-stablecoin cryptocurrencies also traded lower, with XRP leading the losers. U.S. equities slid on concerns the Federal Reserve may raise interest rates again in June after strong job numbers for April released Wednesday showed inflation is still prevalent. Investors were also jittery ahead of the outcome of the vote by the U.S. Congress to approve the debt ceiling deal.\nBitcoin fell 2.35% over the last 24 hours to US$27,124 at 09:50 a.m. in Hong Kong, but held a weekly gain of 3.78%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency ended May with a loss of 4.96%, the first monthly decline since the start of the year.\nThe token met selling pressure after Federal Reserve official Loretta Mestersaidon\xa0Wednesday there was no “compelling reason to pause” interest rate hikes in June, according to Mikkel Morch, Chairman and Non-Executive Director at investment fundARK36, in a note shared with Forkast.\n“(The remarks from Mester) have had a disruptive impact on various risk assets, including cryptocurrencies,” said Morch. “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding Bitcoin and other risk assets.”\nEther dropped 1.65% to US$1,874, while trading 5.35% higher for the week and 2.07% higher for the month.\nDespite the overall bearish sentiment, “the market appears more upbeat about the second-largest crypto by market cap, as its deflationary features are supporting prices,” said Jeff Mei, Chief Operating Officer at crypto exchangeBTSE, citingdatafrom Ultra Sound Money that showed almost 200,000 Ether have been burnt in the past 30 days.\nAll other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours, with XRP leading the losers.\nXRP fell 2.62% to US$0.5088, to lead the losers. Litecoin moved 1.24% lower to US$91.36, but remains up 8.58% for the week as the token’sthird halving eventdraws near, which would reduce the supply of the token.\nBinance, the world’s largest crypto exchange, is said to be planning to lay off 20% of employees in June, according toWu Blockchainon Wednesday citing unnamed sources. Binance Chief Strategy Officer Patrick Hillmann laterrespondedon Twitter that “Binance is not cutting 20% of employees as a cost-cutting measure,” but faces “a historic operational challenge to overcome” as the company faces pressure from regulators and needs to reallocate resources.\n“(Binance’s rumored job cuts are) a marker that traders will look at when scoping out the health of the market and profitability of crypto businesses and projects,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock. “It probably doesn’t help that exchange volumes are at an abysmal low compared to the top of 2021-2022.”\nBinance’s BNB token dropped 1.85% in the past 24 hours to US$306.28, just holding a weekly gain of 0.13%.\nThe total market cap of cryptocurrencies dropped 1.78% in the past 24 hours to US$1.14 trillion, while the 24-hour market volume rose 6.96% to US$32.85 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.20% to 3,407.30 in the 24 hours to 07:30 a.m. in Hong Kong, and added 1.24% for the week.\nNFT sales on Ethereum rose 23.59% in the past 24 hours to US$21.77 million, according toCryptoSlamdata. NFT sales on the Bitcoin network also gained 22.66% to US$4.40 million.\nBored Ape Yacht Club saw the biggest sales in the past 24 hours, rising 3.00% to US$2.80 million.\nThe Grapes, an Ethereum-based NFT collection launched on Wednesday night, saw the 12th largest sales totaling over US$433,000. The collection has seen over 4,600 transactions in the 12 hours after launch, and reached a price of 0.20 ETH (US$373.16) on early Thursday morning, over five times higher than its mint price at 0.039 ETH.\nMeanwhile, NFT scams are undermining confidence. NFT influencer Andrew Wang, with over 189,000 Twitter followers,promotedan NFT collection named Pixel Penguins on Thursday, which claimed to be a charity project to support the Pixel Penguins creator’s fight against cancer. But the supposed charity was revealed to be a scam, with its pseudonymous creator “Hopeexist1” deactivating her Twitter account after securing over 61 ETH (US$114,000), according to crypto sleuthZachXBT.\nElsewhere, Twitter userPauly, who is regarded as the creator of memecoin $PEPE, hasraisedover US$1.2 million by simplyaskingpeople to send their ETH to an account to “receive nothing in return.”\n“Overall – not a lot of people are looking to trade, sentiment is rather negative from the scams/Pauly news, price discussion,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures fell as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.18%, S&P 500 futures inched down 0.07%, and the Nasdaq futures lost 0.23%.\nThe three major U.S. stock indexes slid on Wednesday as investors waited for the outcome of the latest stage of the U.S. debt deal. At approximately 9.30 p.m. ET Wednesday evening, the House passed a bill to suspend the U.S. debt limit and avoid a national default.\n\u200b\u200b“Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery,” U.S. President Joe Bidensaidabout the outcome of the vote.\nBiden urged the Senate to also agree on the bill — the next stage in the ratification process — “as quickly as possible,” allowing him to pass it into law.\nOn the inflation front, the U.S. Labor Departmentreportfor April recorded 10.1 million job openings in April. That figure surpasses analysts’expectationsof 9.375 million. The report also recorded a month-on-month decline of 264,000 in layoffs and discharges.\nThe stronger than expected data can be interpreted as “a partial sign of the continued strength of the American labor market,”tweetedMohamed Aly, El-Erian, Chief Economic Advisor at financial services company Allianz, on Thursday.\nSimilarly robust monthly employment data has,in the past, preceded a rise in the U.S. interest rate. However, comments from inside the US Federal Reserve suggest that a so-called “hawkish pause” in June ahead of further rate rises later could be the more likely outcome.\nFed governor Philip Jeffersonsaidat a financial stability conference in Washington Wednesday that skipping a hike in June “would allow the Committee to see more data before making decisions about the extent of additional policy firming.”\nHowever, Jefferson added that “a decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle.”\nThe Federal Reserve will meet on June 14 to make its decision. The interest rate is now between 5 and 5.25%, the highest level since 2006.\nFollowing Jefferson’s speech, theCME FedWatch Toolnow predicts a 62.2% chance the Fed will keep rates unchanged in June. The 37.8% chance it gives for another 25 basis-point rate hike is a significant decrease from the 63.0% chance reported on Tuesday.\n(Updates\xa0added to\xa0equities section)', 'Bitcoin fell to near US$27,000 in Thursday morning trading in Asia and posted the first monthly loss of the year. Ether and all the top 10 non-stablecoin cryptocurrencies also traded lower, with XRP leading the losers. U.S. equities slid on concerns the Federal Reserve may raise interest rates again in June after strong job numbers for April released Wednesday showed inflation is still prevalent. Investors were also jittery ahead of the outcome of the vote by the U.S. Congress to approve the debt ceiling deal.\nBitcoin fell 2.35% over the last 24 hours to US$27,124 at 09:50 a.m. in Hong Kong, but held a weekly gain of 3.78%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency ended May with a loss of 4.96%, the first monthly decline since the start of the year.\nThe token met selling pressure after Federal Reserve official Loretta Mestersaidon\xa0Wednesday there was no “compelling reason to pause” interest rate hikes in June, according to Mikkel Morch, Chairman and Non-Executive Director at investment fundARK36, in a note shared with Forkast.\n“(The remarks from Mester) have had a disruptive impact on various risk assets, including cryptocurrencies,” said Morch. “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding Bitcoin and other risk assets.”\nEther dropped 1.65% to US$1,874, while trading 5.35% higher for the week and 2.07% higher for the month.\nDespite the overall bearish sentiment, “the market appears more upbeat about the second-largest crypto by market cap, as its deflationary features are supporting prices,” said Jeff Mei, Chief Operating Officer at crypto exchangeBTSE, citingdatafrom Ultra Sound Money that showed almost 200,000 Ether have been burnt in the past 30 days.\nAll other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours, with XRP leading the losers.\nXRP fell 2.62% to US$0.5088, to lead the losers. Litecoin moved 1.24% lower to US$91.36, but remains up 8.58% for the week as the token’sthird halving eventdraws near, which would reduce the supply of the token.\nBinance, the world’s largest crypto exchange, is said to be planning to lay off 20% of employees in June, according toWu Blockchainon Wednesday citing unnamed sources. Binance Chief Strategy Officer Patrick Hillmann laterrespondedon Twitter that “Binance is not cutting 20% of employees as a cost-cutting measure,” but faces “a historic operational challenge to overcome” as the company faces pressure from regulators and needs to reallocate resources.\n“(Binance’s rumored job cuts are) a marker that traders will look at when scoping out the health of the market and profitability of crypto businesses and projects,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock. “It probably doesn’t help that exchange volumes are at an abysmal low compared to the top of 2021-2022.”\nBinance’s BNB token dropped 1.85% in the past 24 hours to US$306.28, just holding a weekly gain of 0.13%.\nThe total market cap of cryptocurrencies dropped 1.78% in the past 24 hours to US$1.14 trillion, while the 24-hour market volume rose 6.96% to US$32.85 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.20% to 3,407.30 in the 24 hours to 07:30 a.m. in Hong Kong, and added 1.24% for the week.\nNFT sales on Ethereum rose 23.59% in the past 24 hours to US$21.77 million, according toCryptoSlamdata. NFT sales on the Bitcoin network also gained 22.66% to US$4.40 million.\nBored Ape Yacht Club saw the biggest sales in the past 24 hours, rising 3.00% to US$2.80 million.\nThe Grapes, an Ethereum-based NFT collection launched on Wednesday night, saw the 12th largest sales totaling over US$433,000. The collection has seen over 4,600 transactions in the 12 hours after launch, and reached a price of 0.20 ETH (US$373.16) on early Thursday morning, over five times higher than its mint price at 0.039 ETH.\nMeanwhile, NFT scams are undermining confidence. NFT influencer Andrew Wang, with over 189,000 Twitter followers,promotedan NFT collection named Pixel Penguins on Thursday, which claimed to be a charity project to support the Pixel Penguins creator’s fight against cancer. But the supposed charity was revealed to be a scam, with its pseudonymous creator “Hopeexist1” deactivating her Twitter account after securing over 61 ETH (US$114,000), according to crypto sleuthZachXBT.\nElsewhere, Twitter userPauly, who is regarded as the creator of memecoin $PEPE, hasraisedover US$1.2 million by simplyaskingpeople to send their ETH to an account to “receive nothing in return.”\n“Overall – not a lot of people are looking to trade, sentiment is rather negative from the scams/Pauly news, price discussion,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures fell as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.18%, S&P 500 futures inched down 0.07%, and the Nasdaq futures lost 0.23%.\nThe three major U.S. stock indexes slid on Wednesday as investors waited for the outcome of the latest stage of the U.S. debt deal. At approximately 9.30 p.m. ET Wednesday evening, the House passed a bill to suspend the U.S. debt limit and avoid a national default.\n\u200b\u200b“Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery,” U.S. President Joe Bidensaidabout the outcome of the vote.\nBiden urged the Senate to also agree on the bill — the next stage in the ratification process — “as quickly as possible,” allowing him to pass it into law.\nOn the inflation front, the U.S. Labor Departmentreportfor April recorded 10.1 million job openings in April. That figure surpasses analysts’expectationsof 9.375 million. The report also recorded a month-on-month decline of 264,000 in layoffs and discharges.\nThe stronger than expected data can be interpreted as “a partial sign of the continued strength of the American labor market,”tweetedMohamed Aly, El-Erian, Chief Economic Advisor at financial services company Allianz, on Thursday.\nSimilarly robust monthly employment data has,in the past, preceded a rise in the U.S. interest rate. However, comments from inside the US Federal Reserve suggest that a so-called “hawkish pause” in June ahead of further rate rises later could be the more likely outcome.\nFed governor Philip Jeffersonsaidat a financial stability conference in Washington Wednesday that skipping a hike in June “would allow the Committee to see more data before making decisions about the extent of additional policy firming.”\nHowever, Jefferson added that “a decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle.”\nThe Federal Reserve will meet on June 14 to make its decision. The interest rate is now between 5 and 5.25%, the highest level since 2006.\nFollowing Jefferson’s speech, theCME FedWatch Toolnow predicts a 62.2% chance the Fed will keep rates unchanged in June. The 37.8% chance it gives for another 25 basis-point rate hike is a significant decrease from the 63.0% chance reported on Tuesday.\n(Updates\xa0added to\xa0equities section)', 'Good morning. Here’s what’s happening: Prices: Bitcoin settled above $27.1K after Cleveland\'s Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data. Insights: Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange. Prices CoinDesk Market Index (CMI) 1,178 −23.3 ▼ 1.9% Bitcoin (BTC) $27,099 −683.3 ▼ 2.5% Ethereum (ETH) $1,874 −32.7 ▼ 1.7% S&P 500 4,179.83 −25.7 ▼ 0.6% Gold $1,980 +15.8 ▲ 0.8% Nikkei 225 30,887.88 −440.3 ▼ 1.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,178 −23.3 ▼ 1.9% Bitcoin (BTC) $27,099 −683.3 ▼ 2.5% Ethereum (ETH) $1,874 −32.7 ▼ 1.7% S&P 500 4,179.83 −25.7 ▼ 0.6% Gold $1,980 +15.8 ▲ 0.8% Nikkei 225 30,887.88 −440.3 ▼ 1.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Sinks Early, Then Holds Above $27.1K By James Rubin Hawkish comments by Cleveland’s Federal Reserve Bank president, the increasing likelihood of at least one more interest rate hike by the U.S. central bank and dispiriting Chinese manufacturing data kept crypto investors off-balance on Wednesday. Bitcoin, the largest cryptocurrency by market capitalization, was trading near $27,100, down more than 2.2% over the previous 24 hours, after spending much of the previous four days comfortably above $27,500. BTC finished May (UTC) with its first losing month of 2023 after soaring by more than 60% over the first four months. “Bitcoin encountered selling pressure in response to comments made by a prominent Federal Reserve official, indicating a lack of compelling reasons to pause liquidity tightening measures,” Mikkel Morch, chairman and non-executive director at crypto investment fund ARK36, said. “These remarks have had a disruptive impact on various risk assets, including cryptocurrencies. Story continues Morch added: “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding bitcoin and other risk assets.” In an interview with the Financial Times published Wednesday, Fed Cleveland bank President Loretta Mester said that she did not see any reason to cease the Fed’s nearly year-long streak of rate increases, although she was open to changing her mind if the current hot employment market , a characteristic of high inflation periods, and prices cool. “We may have to go further,” she told the Times. “At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.” Crypto markets have struggled in recent weeks amid uncertainty about the U.S. government’s ability to extend the debt limit and meet its financial obligations, and inflationary concerns. House lawmakers finally passed the bill late Wednesday via a bipartisan effort that overcame strong opposition from far-right Republicans. Meanwhile, the anticipated rebound of the Chinese economy slowed at least temporarily as the official manufacturing purchasing managers index declined to 48.8 in May from 49.2 in April, according to the country’s National Bureau of Statistics said Ether was recently changing hands at about $1,875, off 1.4% from Tuesday, same time. Other major cryptos spent much of Wednesday in the red with AVAX, the token of the Avalanche base-layer network, and UNI, the native cryptocurrency of the Uniswap decentralized exchange, both recently off more than 2%. The CoinDesk Market Index , a measure of crypto markets performance, was recently down over 2.1%. Equity markets sank with the tech-focused Nasdaq and S&P 500 both closing down 0.6% as investors recoiled following a strong Job Openings and Labor Turnover (JOLTS) report showed openings increasing to 10.1 million instead of an expected 9.3 million in April, and breaking a three-month streak of declines that had offered hope for monetary policy observers hoping for a dovish turn. In a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.” Have bitcoin and ether bottomed out? Dave Weisberger, the CEO of CoinRoutes, which provides algorithmic trading strategies in the crypto space, noted to CoinDesk TV that bitcoin holding is at an all-time high while BTC to be sold on exchanges and volume on exchanges are at low levels. Weisberger said the trends tell you “that speculators are moving into pricing and moving out but the long-term buyers seem happy to buy in this below $27K range and cushion in any downdraft. So it feels like we’re in the bottom of a trading range.” Biggest Gainers Asset Ticker Returns DACS Sector Stellar XLM +1.7% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −5.0% Smart Contract Platform Decentraland MANA −4.5% Entertainment Terra LUNA −4.4% Smart Contract Platform Insights A Whale Risk Reduction Strategy Ahead of Debt Deal By Glenn Williams Jr. On-chain data shows that large holders of bitcoin reduced their bitcoin holdings in the days leading up to the debt deal. Additional data shows an increase in BTC sent to centralized exchanges. What happens next should be monitored closely as an indication of overall sentiment. (Glassnode) The supply of bitcoin held by addresses with balances exceeding 100K BTC declined from 663,306 to 543,958 on May 22, right ahead of the debt deal. A key question is whether the reduction was tied to short-term fiscal concerns, or longer term questions about BTC prices. While the number of addresses holding more than 100K BTC is small, the activity of whales can sometimes create cascading effects if they exit their positions en masse. The number of addresses with 1,000 BTC or more sending bitcoin to exchanges has increased as well, showing that smaller whales may also be unloading risk. What happens next is most important. An increase in bitcoin supply for large holders following the debt deal will signal their renewal of bullish sentiment. A continued decline would imply that they have larger concerns. Important events. London Blockchain Conference 2:00 p.m. HKT/SGT(6:00 UTC) Germany Retail Sales (YoY/April) 8:15 p.m. HKT/SGT(12:15 UTC) United States ADP Employment Change (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips Ahead of Debt Ceiling House Vote; Rep. Davidson on Future of U.S. Crypto Regulation The U.S. Debt limit deal is approaching a vote, after passing a key test in the House rules committee on Tuesday. Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the potential impact of the deal and the outlook for crypto regulation. Plus, CoinRoutes CEO and co-founder Dave Weisberger shared his crypto markets analysis as bitcoin (BTC) recedes near $27,000. And, Astaria CTO Joseph Delong explained the state of NFT lending in 2023. Headlines TradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors : The Fusion Digital Assets marketplace opened last week offering trading in bitcoin and ether versus the U.S. dollar. USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown : The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value. Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun : Multichain\'s team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief. StepStone VC Raises $97M for Two Blockchain Funds : SEC filings show pooled investment figures for the two private equity funds. USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment : The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin settled above $27.1K after Cleveland\'s Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data.\nInsights:Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange.\nCoinDesk Market Index (CMI)\n1,178\n−23.3▼1.9%\nBitcoin (BTC)\n$27,099\n−683.3▼2.5%\nEthereum (ETH)\n$1,874\n−32.7▼1.7%\nS&P 500\n4,179.83\n−25.7▼0.6%\nGold\n$1,980\n+15.8▲0.8%\nNikkei 225\n30,887.88\n−440.3▼1.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,178", "\\u221223.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,099", "\\u2212683.3\\u25bc2.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "\\u221232.7\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,179.83", "\\u221225.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+15.8\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,887.88", "\\u2212440.3\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Early, Then Holds Above $27.1K\nBy James Rubin\nHawkish comments by Cleveland’s Federal Reserve Bank president, the increasing likelihood of at least one more interest rate hike by the U.S. central bank and dispiriting Chinese manufacturing data kept crypto investors off-balance on Wednesday.\nBitcoin, the largest cryptocurrency by market capitalization, was trading near $27,100, down more than 2.2% over the previous 24 hours, after spending much of the previous four days comfortably above $27,500. BTC finished May (UTC) with its first losing month of 2023 after soaring by more than 60% over the first four months.\n“Bitcoin encountered selling pressure in response to comments made by a prominent Federal Reserve official, indicating a lack of compelling reasons to pause liquidity tightening measures,” Mikkel Morch, chairman and non-executive director at crypto investment fund ARK36, said. “These remarks have had a disruptive impact on various risk assets, including cryptocurrencies.\nMorch added: “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding bitcoin and other risk assets.”\nIn an interview with the Financial Times published Wednesday, Fed Cleveland bankPresident Loretta Mester saidthat she did not see any reason to cease the Fed’s nearly year-long streak of rate increases, although she was open to changing her mind if the currenthot employment market, a characteristic of high inflation periods, and prices cool. “We may have to go further,” she told the Times. “At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.”\nCrypto markets have struggled in recent weeks amid uncertainty about the U.S. government’s ability to extend the debt limit and meet its financial obligations, and inflationary concerns. House lawmakers finally passed the bill late Wednesday via a bipartisan effort that overcame strong opposition from far-right Republicans. Meanwhile, the anticipated rebound of the Chinese economy slowed at least temporarily as the official manufacturing purchasing managers index declined to 48.8 in May from 49.2 in April, according to the country’s National Bureau of Statistics said\nEther was recently changing hands at about $1,875, off 1.4% from Tuesday, same time. Other major cryptos spent much of Wednesday in the red with AVAX, the token of the Avalanche base-layer network, and UNI, the native cryptocurrency of the Uniswap decentralized exchange, both recently off more than 2%. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down over 2.1%.\nEquity markets sank with the tech-focused Nasdaq and S&P 500 both closing down 0.6% as investors recoiled following a strong Job Openings and Labor Turnover (JOLTS) report showed openings increasing to 10.1 million instead of an expected 9.3 million in April, and breaking a three-month streak of declines that had offered hope for monetary policy observers hoping for a dovish turn.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.”\nHave bitcoin and ether bottomed out? Dave Weisberger, the CEO of CoinRoutes, which provides algorithmic trading strategies in the crypto space, noted to CoinDesk TV that bitcoin holding is at an all-time high while BTC to be sold on exchanges and volume on exchanges are at low levels.\nWeisberger said the trends tell you “that speculators are moving into pricing and moving out but the long-term buyers seem happy to buy in this below $27K range and cushion in any downdraft. So it feels like we’re in the bottom of a trading range.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.5%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}]\nA Whale Risk Reduction Strategy Ahead of Debt Deal\nBy Glenn Williams Jr.\nOn-chain data shows that large holders of bitcoin reduced their bitcoin holdings in the days leading up to the debt deal. Additional data shows an increase in BTC sent to centralized exchanges. What happens next should be monitored closely as an indication of overall sentiment.\nThe supply of bitcoin held by addresses with balances exceeding 100K BTC declined from 663,306 to 543,958 on May 22, right ahead of the debt deal. A key question is whether the reduction was tied to short-term fiscal concerns, or longer term questions about BTC prices.\nWhile the number of addresses holding more than 100K BTC is small, the activity of whales can sometimes create cascading effects if they exit their positions en masse. The number of addresses with 1,000 BTC or more sending bitcoin to exchanges has increased as well, showing that smaller whales may also be unloading risk.\nWhat happens next is most important. An increase in bitcoin supply for large holders following the debt deal will signal their renewal of bullish sentiment. A continued decline would imply that they have larger concerns.\nLondon Blockchain Conference\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Retail Sales (YoY/April)\n8:15 p.m. HKT/SGT(12:15 UTC)United States ADP Employment Change (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Ahead of Debt Ceiling House Vote; Rep. Davidson on Future of U.S. Crypto Regulation\nThe U.S. Debt limit deal is approaching a vote, after passing a key test in the House rules committee on Tuesday. Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the potential impact of the deal and the outlook for crypto regulation. Plus, CoinRoutes CEO and co-founder Dave Weisberger shared his crypto markets analysis as bitcoin (BTC) recedes near $27,000. And, Astaria CTO Joseph Delong explained the state of NFT lending in 2023.\nTradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors:The Fusion Digital Assets marketplace opened last week offering trading in bitcoin and ether versus the U.S. dollar.\nUSDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown:The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.\nCrypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun:Multichain\'s team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.\nStepStone VC Raises $97M for Two Blockchain Funds:SEC filings show pooled investment figures for the two private equity funds.\nUSDT Issuer Tether Ventures Into Payment Processing With Georgia Investment:The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin settled above $27.1K after Cleveland\'s Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data.\nInsights:Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange.\nCoinDesk Market Index (CMI)\n1,178\n−23.3▼1.9%\nBitcoin (BTC)\n$27,099\n−683.3▼2.5%\nEthereum (ETH)\n$1,874\n−32.7▼1.7%\nS&P 500\n4,179.83\n−25.7▼0.6%\nGold\n$1,980\n+15.8▲0.8%\nNikkei 225\n30,887.88\n−440.3▼1.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,178", "\\u221223.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,099", "\\u2212683.3\\u25bc2.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "\\u221232.7\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,179.83", "\\u221225.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+15.8\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,887.88", "\\u2212440.3\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Early, Then Holds Above $27.1K\nBy James Rubin\nHawkish comments by Cleveland’s Federal Reserve Bank president, the increasing likelihood of at least one more interest rate hike by the U.S. central bank and dispiriting Chinese manufacturing data kept crypto investors off-balance on Wednesday.\nBitcoin, the largest cryptocurrency by market capitalization, was trading near $27,100, down more than 2.2% over the previous 24 hours, after spending much of the previous four days comfortably above $27,500. BTC finished May (UTC) with its first losing month of 2023 after soaring by more than 60% over the first four months.\n“Bitcoin encountered selling pressure in response to comments made by a prominent Federal Reserve official, indicating a lack of compelling reasons to pause liquidity tightening measures,” Mikkel Morch, chairman and non-executive director at crypto investment fund ARK36, said. “These remarks have had a disruptive impact on various risk assets, including cryptocurrencies.\nMorch added: “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding bitcoin and other risk assets.”\nIn an interview with the Financial Times published Wednesday, Fed Cleveland bankPresident Loretta Mester saidthat she did not see any reason to cease the Fed’s nearly year-long streak of rate increases, although she was open to changing her mind if the currenthot employment market, a characteristic of high inflation periods, and prices cool. “We may have to go further,” she told the Times. “At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.”\nCrypto markets have struggled in recent weeks amid uncertainty about the U.S. government’s ability to extend the debt limit and meet its financial obligations, and inflationary concerns. House lawmakers finally passed the bill late Wednesday via a bipartisan effort that overcame strong opposition from far-right Republicans. Meanwhile, the anticipated rebound of the Chinese economy slowed at least temporarily as the official manufacturing purchasing managers index declined to 48.8 in May from 49.2 in April, according to the country’s National Bureau of Statistics said\nEther was recently changing hands at about $1,875, off 1.4% from Tuesday, same time. Other major cryptos spent much of Wednesday in the red with AVAX, the token of the Avalanche base-layer network, and UNI, the native cryptocurrency of the Uniswap decentralized exchange, both recently off more than 2%. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down over 2.1%.\nEquity markets sank with the tech-focused Nasdaq and S&P 500 both closing down 0.6% as investors recoiled following a strong Job Openings and Labor Turnover (JOLTS) report showed openings increasing to 10.1 million instead of an expected 9.3 million in April, and breaking a three-month streak of declines that had offered hope for monetary policy observers hoping for a dovish turn.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.”\nHave bitcoin and ether bottomed out? Dave Weisberger, the CEO of CoinRoutes, which provides algorithmic trading strategies in the crypto space, noted to CoinDesk TV that bitcoin holding is at an all-time high while BTC to be sold on exchanges and volume on exchanges are at low levels.\nWeisberger said the trends tell you “that speculators are moving into pricing and moving out but the long-term buyers seem happy to buy in this below $27K range and cushion in any downdraft. So it feels like we’re in the bottom of a trading range.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.5%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}]\nA Whale Risk Reduction Strategy Ahead of Debt Deal\nBy Glenn Williams Jr.\nOn-chain data shows that large holders of bitcoin reduced their bitcoin holdings in the days leading up to the debt deal. Additional data shows an increase in BTC sent to centralized exchanges. What happens next should be monitored closely as an indication of overall sentiment.\nThe supply of bitcoin held by addresses with balances exceeding 100K BTC declined from 663,306 to 543,958 on May 22, right ahead of the debt deal. A key question is whether the reduction was tied to short-term fiscal concerns, or longer term questions about BTC prices.\nWhile the number of addresses holding more than 100K BTC is small, the activity of whales can sometimes create cascading effects if they exit their positions en masse. The number of addresses with 1,000 BTC or more sending bitcoin to exchanges has increased as well, showing that smaller whales may also be unloading risk.\nWhat happens next is most important. An increase in bitcoin supply for large holders following the debt deal will signal their renewal of bullish sentiment. A continued decline would imply that they have larger concerns.\nLondon Blockchain Conference\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Retail Sales (YoY/April)\n8:15 p.m. HKT/SGT(12:15 UTC)United States ADP Employment Change (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Ahead of Debt Ceiling House Vote; Rep. Davidson on Future of U.S. Crypto Regulation\nThe U.S. Debt limit deal is approaching a vote, after passing a key test in the House rules committee on Tuesday. Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the potential impact of the deal and the outlook for crypto regulation. Plus, CoinRoutes CEO and co-founder Dave Weisberger shared his crypto markets analysis as bitcoin (BTC) recedes near $27,000. And, Astaria CTO Joseph Delong explained the state of NFT lending in 2023.\nTradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors:The Fusion Digital Assets marketplace opened last week offering trading in bitcoin and ether versus the U.S. dollar.\nUSDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown:The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.\nCrypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun:Multichain\'s team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.\nStepStone VC Raises $97M for Two Blockchain Funds:SEC filings show pooled investment figures for the two private equity funds.\nUSDT Issuer Tether Ventures Into Payment Processing With Georgia Investment:The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.', '• Stocks slid on Wednesday ahead of a House vote to resolve the debt-ceiling crisis.\n• The price of credit default swaps linked to US debt show investors think a default is possible, though unlikely.\n• All three major indexes ended the day in the red, with the Dow sliding more than 100 points.\nUS stocks slid on Wednesday as investors waited for lawmakers to vote on a potential resolution to the debt-ceiling crisis. All three major indexes ended the day in the red, with the Dow Jones Industrial Average sliding over 100 points.\nThe deal, negotiated by President Joe Biden and House Speaker Kevin McCarthy over the weekend, passed the House Rules Committee with a 7-6 vote on Tuesday night, with a full House vote scheduled for Wednesday evening.\nMarkets have lowered their expectations of a US debt default, though the price of credit default swaps tied to US debt still show that investors think a default is possible. The one-year implied probability of a default fell to 1.3% on Tuesday at the market close, down from a peak of 4.3% on May 11, per MSCI research.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Wednesday:\n• S&P 500: 4,180.13, down 0.6%\n• Dow Jones Industrial Average: 32,910.90, down 0.4% (131.88 points)\n• Nasdaq Composite: 12,935.29, down 0.63%\nInvestors were also discouraged byslowing factory activity in China, as well as unexpectedly strong preliminary jobs data in the US. Job openings rose above 10.1 million, surpassing economists\' predictions of 9.4 million openings.\nMeanwhile, Fed Governor Philip Jefferson suggested more interest rate hikes could be in order, adding in a press conference on Wednesday that a potential pause in rates would not mean interest rates had yet peaked.\nPhiladelphia Fed President Patrick Harker said he believed the central bank should "skip, not pause" rates at its next policy meeting, contingent on the official May jobs report and inflation data.\nHere\'s what else is going on:\n• Real estate investors are retreating from the housing marketat record pace, according to Redfin data.\n• Nvidia could climb another 26%as its supercomputer launch will solidify the company as a leader in the AI space, Bank of America forecasted.\n• Elon Musk told officials in Beijinghe\'s opposed to China and the US breaking down their economic ties.\n• Mega-cap tech dominance in the S&P 500is obscuring investor bets that the economy may already be in a recession.\n• Americans shouldn\'t delude themselvesinto thinking that China won\'t continue to outgrow the US economy, a former Treasury official said.\n• Billionaire investor Mark Mobius sayshe\'s finally been able to get his money out of China - but investments in the country still pose a "dilemma."\nIn commodities, bonds, and crypto:\n• Oil prices dipped, withWest Texas Intermediatedown 2.2% to $67.92 a barrel.Brent crude, the international benchmark, slipped 1.1% to $72.71 a barrel\n• Goldedged 0.2% higher to $1,982.30 per ounce.\n• The10-year Treasury yieldticked down five basis points to 3.63%.\n• Bitcoindeclined 2.8% to $27,027.98.\nRead the original article onBusiness Insider', 'U.S. President Joe Biden and Speaker of the House Kevin McCarthy (R-CA) depart the U.S. Capitol following the Friends of Ireland Luncheon on Saint Patrick\'s Day March 17, 2023 in Washington, DC. The Friends of Ireland caucus was founded in 1981 by the late Irish-American politicians Irish-American politicians Sen. Ted Kennedy (D-MA), Sen. Daniel Moynihan (D-NY) and former Speaker of the House Tip ONeill (D-MA) Drew Angerer/Getty Images Stocks slid on Wednesday ahead of a House vote to resolve the debt-ceiling crisis. The price of credit default swaps linked to US debt show investors think a default is possible, though unlikely. All three major indexes ended the day in the red, with the Dow sliding more than 100 points. US stocks slid on Wednesday as investors waited for lawmakers to vote on a potential resolution to the debt-ceiling crisis. All three major indexes ended the day in the red, with the Dow Jones Industrial Average sliding over 100 points. The deal, negotiated by President Joe Biden and House Speaker Kevin McCarthy over the weekend, passed the House Rules Committee with a 7-6 vote on Tuesday night, with a full House vote scheduled for Wednesday evening. Markets have lowered their expectations of a US debt default, though the price of credit default swaps tied to US debt still show that investors think a default is possible. The one-year implied probability of a default fell to 1.3% on Tuesday at the market close, down from a peak of 4.3% on May 11, per MSCI research. Here\'s where US indexes stood at the 4:00 p.m. ET close on Wednesday: S&P 500 : 4,180.13, down 0.6% Dow Jones Industrial Average : 32,910.90, down 0.4% (131.88 points) Nasdaq Composite : 12,935.29, down 0.63% Investors were also discouraged by slowing factory activity in China , as well as unexpectedly strong preliminary jobs data in the US. Job openings rose above 10.1 million, surpassing economists\' predictions of 9.4 million openings. Meanwhile, Fed Governor Philip Jefferson suggested more interest rate hikes could be in order, adding in a press conference on Wednesday that a potential pause in rates would not mean interest rates had yet peaked. Philadelphia Fed President Patrick Harker said he believed the central bank should "skip, not pause" rates at its next policy meeting, contingent on the official May jobs report and inflation data. Here\'s what else is going on: Real estate investors are retreating from the housing market at record pace, according to Redfin data. Nvidia could climb another 26% as its supercomputer launch will solidify the company as a leader in the AI space, Bank of America forecasted. Elon Musk told officials in Beijing he\'s opposed to China and the US breaking down their economic ties. Mega-cap tech dominance in the S&P 500 is obscuring investor bets that the economy may already be in a recession. Americans shouldn\'t delude themselves into thinking that China won\'t continue to outgrow the US economy, a former Treasury official said. Billionaire investor Mark Mobius says he\'s finally been able to get his money out of China - but investments in the country still pose a "dilemma." Story continues In commodities, bonds, and crypto: Oil prices dipped, with West Texas Intermediate down 2.2% to $67.92 a barrel. Brent crude , the international benchmark, slipped 1.1% to $72.71 a barrel Gold edged 0.2% higher to $1,982.30 per ounce. The 10-year Treasury yield ticked down five basis points to 3.63%. Bitcoin declined 2.8% to $27,027.98. Read the original article on Business Insider', 'Bitcoin Miladys, a Bitcoin-based derivative of the Miladys NFT collection, has introduced the BRC-721E token standard in collaboration with Ordinals Market and Xverse. This new token standard enables traders to convert their Ethereum-based ERC-721 NFTs to NFTs on theBitcoinnetwork.\nUsing the Ordinals Market platform,EthereumNFT holders can burn their tokens and inscribe them onto a satoshi on the Bitcoin network, which will then appear on a custom Ordinals Market collection page with complete metadata. Although metadata is initially not stored on-chain, Ordinals Market offers options for on-chain previews of the NFTs.\nThe growth of Bitcoin NFTs has been notable, with Ordinals surpassing 10 million inscriptions on Monday, compared to 3 million inscriptions in early May. In terms of trading volumes, Bitcoin has secured the second spot on the leaderboard, trailing just behind Ethereum.\nNotably, Binance NFT and Magic Eden have also expanded their support for Bitcoin NFTs in recent months, reflecting the increasing interest in the Bitcoin NFT ecosystem. The BRC-721E token standard bridges the gap between Ethereum and Bitcoin, providing traders with the opportunity to convert and explore new possibilities for their NFT assets.', 'Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals Bitcoin Miladys, a Bitcoin-based derivative of the Miladys NFT collection, has introduced the BRC-721E token standard in collaboration with Ordinals Market and Xverse. This new token standard enables traders to convert their Ethereum-based ERC-721 NFTs to NFTs on the Bitcoin network. Using the Ordinals Market platform, Ethereum NFT holders can burn their tokens and inscribe them onto a satoshi on the Bitcoin network, which will then appear on a custom Ordinals Market collection page with complete metadata. Although metadata is initially not stored on-chain, Ordinals Market offers options for on-chain previews of the NFTs. The growth of Bitcoin NFTs has been notable, with Ordinals surpassing 10 million inscriptions on Monday, compared to 3 million inscriptions in early May. In terms of trading volumes, Bitcoin has secured the second spot on the leaderboard, trailing just behind Ethereum. Notably, Binance NFT and Magic Eden have also expanded their support for Bitcoin NFTs in recent months, reflecting the increasing interest in the Bitcoin NFT ecosy Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,699,113,762 - Hash Rate: 336187209.4940784 - Transaction Count: 355986.0 - Unique Addresses: 678136.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Are you interested in cryptocurrency trading but feeling overwhelmed by the complexities of the market? Look no further! In this blog post, we will discuss the top 5 mistakes to avoid when trading crypto, including popular currencies such as Bitcoin, Ethereum , and others. Crypto trading has gained popularity in recent years due to its potential for high returns, but it also involves risks and requires a thorough understanding of the market. That’s why we’ve compiled a list of the top 5 mistakes that even experienced traders make when trading crypto. Whether you’re new to the world of cryptocurrency or a seasoned trader, this blog post will provide valuable insights and practical tips to help you navigate the crypto market with confidence. So, let’s dive in and discover the common pitfalls to avoid when trading popular cryptocurrencies such as Ethereum. Five Crypto Trading Mistakes To Avoid FOMO (Fear of Missing Out) FOMO, or Fear of Missing Out, is a common emotion experienced by traders in the crypto market. It occurs when a trader feels the urge to buy or sell a particular cryptocurrency due to the fear of missing out on potential profits or market trends. FOMO can lead to impulsive buying and selling decisions, which can result in significant losses. To avoid FOMO, traders can set trading rules and stick to them, such as setting stop-loss orders and avoiding trading based on emotions. It’s essential to conduct thorough research and make informed decisions rather than acting solely on the fear of missing out. Lack of Research Conducting thorough research is crucial before investing in any cryptocurrency. Lack of research can lead to investing in scam projects or unstable cryptocurrencies, resulting in significant financial losses. To avoid such situations, it’s essential to conduct extensive research, read whitepapers, study market trends, and analyze the project’s fundamentals. Traders should also avoid investing in cryptocurrencies based solely on hype or social media buzz. By doing proper research, investors can make informed decisions and mitigate the risks associated with investing in the crypto market. Story continues Overtrading Overtrading is a common mistake in the crypto market where traders execute too many trades in a short period, resulting in negative impacts on their portfolios. Overtrading can lead to unnecessary losses, missed opportunities, and increased transaction costs. Traders should set trading limits and avoid making impulsive trading decisions. It’s also essential to take breaks to avoid becoming emotionally attached to a particular trade or market trend. By developing a trading strategy and sticking to it, traders can avoid the negative impacts of overtrading and make more informed trading decisions. Ignoring Risk Management Ignoring risk management is a critical mistake in crypto trading. It has the potential to result in substantial losses and even financial ruin. Traders should prioritize risk management by diversifying their portfolios, setting stop-loss orders, and maintaining a proper risk-to-reward ratio. It’s essential to understand the risks associated with each trade and take necessary precautions to mitigate them. By implementing proper risk management strategies, traders can minimize their losses and maximize their profits in the volatile crypto market. Following the Crowd Following the crowd can be a mistake in crypto trading as it can lead to making decisions based on hype rather than fundamental analysis. Blindly following the crowd can result in losses and missed opportunities as market trends can change quickly. To avoid following the crowd, traders should conduct independent research, study market trends, and trust their own analysis. It’s essential to have a trading plan and stick to it, even if it goes against the current market sentiment. By avoiding herd mentality, traders can make informed decisions and maximize their profits in the dynamic crypto market. Conclusion Being aware of these mistakes is crucial for traders to avoid unnecessary losses and maximize their profits. Traders should prioritize risk management, conduct thorough research, stick to their trading plan, and avoid impulsive decisions based on emotions or social media buzz. By continuing to learn and improve their trading skills, traders can achieve success in the dynamic and volatile crypto market. McClatchy newsroom and editorial staff were not involved in the creation of this content.... - Reddit Posts (Sample): [['u/sixgod999', "From Wall Street to Sats Town: An ex TradFi's Thesis for Betting on Bitcoin", 58, '2023-06-01 01:29', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/', 'Having been entrenched in the traditional finance industry for over a decade and halfway through my CFA journey, I found myself captivated by Bitcoin and let\'s say, I never looked back. Despite the increasing adoption and moon boy chants growing louder, I prefer approaching Bitcoin with a sound investment thesis, especially when I explain to my TradFi colleagues why I\'m so obsessed with this asset. Here are the five key investment principles that guide my perspective:\n\n\n\n1. Historical Trends with Fiat: Reflecting on history, we can observe that fiat currencies usually have a 50-90 years lifespan. We transitioned to a full fiat currency with the US dollar in 1971, courtesy of the Nixon shock. While history may not always repeat itself, it often rhymes - "this time it\'s different" are often the last words uttered by a faltering civilization.\n2. Unsustainable Debt: Following the 2000 and 2008 financial shocks, instead of allowing the system to collapse and rebuild, we\'ve been artificially inflating it with debt, so much so that raising interest rates without breaking something now seems impossible. We may soon find ourselves resorting to money printing to inflate this debt away, potentially leading to inflation.\n3. Hard Assets vs. Fiat: This rampant money printing will likely push the \'smart money\' towards hard assets such as gold. However, most people won\'t be able to own or verify their gold ownership physically; they\'ll rely on paper claims, which essentially brings us back to square one. While gold has been an excellent store of value for millennia, its physical limitations render it ineffective as money in our digital era.\n4. Energy vs. Money Printing: The US\' ability to print money might not sit well with energy companies. If you can "print energy" by printing money to pay for goods and services, it fundamentally contradicts the first law of thermodynamics (energy cannot be created or destroyed, only transferred). It also means forcing energy providers to accept an inferior asset for a superior one. It\'s only logical that they would gravitate towards an asset that\'s harder (or impossible) to print out of thin air.\n5. Real Estate and Store of Value: Traditional store of value, real estate, is being increasingly monetized as large corporations like BlackRock incorporate them into their investment portfolios, driving up prices and making homeownership unaffordable for many. This trend will likely increase the demand for an asset with long-term store-of-value properties.\n\n\n\nIf these trends continue, and it seems like they will, Bitcoin presents itself as a compelling solution.\n\nIt\'s the ONLY bearer asset that allows ease of wealth storage and transfer. \n\nIt\'s decentralized, unlike other cryptocurrencies with identifiable founders or teams.\n\nIts supply is capped, making it impossible to create more without expending an equivalent amount of energy.\n\n"Toka Koka", a phrase from the anime "Full Metal Alchemist" resonates here - humankind cannot gain anything without giving something in return, energy for energy. This is echoed in Bitcoin\'s proof of work concept.\n\nI acknowledge that my thesis may have flaws and that I could be wrong. That\'s why I still maintain a traditional portfolio (so my wife doesn\'t think I\'ve gone full tinfoil hat). However, given the unfolding macroeconomic trends and Bitcoin\'s unique properties, it seems like a once-in-a-lifetime opportunity, and I am willing to accept the downside risk for the potential upside.\n\n\n\nTL;DR: From a traditional finance background, I argue that Bitcoin is a promising investment because: 1) Fiat currencies have limited lifespans; 2) Debt and potential inflation issues loom; 3) Gold isn\'t practical for everyone; 4) Printing money undermines energy value; 5) Rising real estate prices highlight the need for accessible stores of value. Despite risks, I believe in Bitcoin\'s upside potential.', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/', '13x1re4', [['u/feedb4k', 12, '2023-06-01 03:28', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/jmf4wwl/', 'I enjoyed reading this while also wondering if you used ChatGPT. One point that doesn’t make sense is 4 - “printing money undermines energy value.” I don’t see how your rational works. Printing money is not equivalent to printing energy. There’s printing money and there’s generating energy. Money can be printed and exchanged for goods at an agreed upon value, it doesn’t change the energy it took to produce the good. Seems like irrational logic to me.', '13x1re4'], ['u/sixgod999', 10, '2023-06-01 03:34', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/jmf5q3g/', 'I did use chat GPT to help me organize my thoughts but the ideas are still mine!\n\nThanks for pointing that out - the idea I was trying to put out there re: the energy argument is that since we have the Petrol dollar system, the US basically has the ability to create something out of nothing (new fiat) and use that to buy oil (basically energy - aka ability to print energy). Right now it’s only agreed upon since it’s the world reserve currency but exploiting this might make energy providers think again since a fiat currency is only valuable because people believe it is. \n\nThis phenomena is only available to one state currently so I do realize why it’s confusing.', '13x1re4']]], ['u/chumeanbro', 'Investors are holding onto BTC, waiting for a bullish momentum', 23, '2023-06-01 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13x1rmo/investors_are_holding_onto_btc_waiting_for_a/', 'According to [data provided by CryptoQuant](https://twitter.com/cryptoquant_com/status/1663819515279572996?t=OqrqP_4wrqUqzVr95t7sRg&s=19), the value of Bitcoin reserves has seen a significant drop of approximately $7 billion in the past month. CryptoQuant\'s publication states, "At the very least, the amount of Bitcoin circulating on exchanges has decreased over the last month."\n\n\n\nhttps://preview.redd.it/9lcqg641ma3b1.png?width=648&format=png&auto=webp&v=enabled&s=bf59f995f24611ebf2edcfa840c58d1dd45210ef\n\nFurthermore, CryptoQuant data indicates that exchange platforms have lost a substantial amount of 2,132,000 Bitcoins from their reserves. This decrease suggests that investors are opting to hold onto their Bitcoins rather than engaging in large-scale selling.\n\nPast data reveals an ongoing decline in the number of deposit transactions on exchanges since 2022, resembling a situation witnessed in July 2019 (likely influenced by the positive sentiment surrounding the upcoming Bitcoin halving event scheduled for May 2020)', 'https://www.reddit.com/r/CryptoCurrency/comments/13x1rmo/investors_are_holding_onto_btc_waiting_for_a/', '13x1rmo', [['u/Ninja_Gogen', 14, '2023-06-01 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13x1rmo/investors_are_holding_onto_btc_waiting_for_a/jmesbxv/', "I've been holding for fucking years now. Held it all the way up in the last bull run, all the way down to the (hopefully) bottom. May as well hold it a bit longer. Mark my words, though. This time I WILL take profits!", '13x1rmo']]], ['u/cryotosensei', 'What % does BTC comprise in your portfolio?', 27, '2023-06-01 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/', "Everyone seems to be cautiously optimistic about BTC these days. The next BTC halving is coming fairly soon. An analytics firm called Glassnode shares that BTC is currently trading slightly above long term holders' cost basis - what this means that we've entered the second stage of the bull cycle called “transition' (after capitulation but before equilibrium and euphoria). And who can forget how the Former Coinbase Chief Technology Officer (CTO) created a stir by making the bold claim that Bitcoin would hit $1 million by June 17 this year? Regardless of whether he was making a publicity stunt, the fact that he staked his reputation on BTC shows how salient this asset is in the minds of retail investors.\n\nSuffice it to say that people are looking to BTC to pump in the near future. In regard to that, are you increasing the proportion of BTC in your portfolio? Or are you taking the long-term view and looking to accumulate BTC at your own pace?", 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/', '13x3i1x', [['u/monaslab', 17, '2023-06-01 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmezug5/', '10% BTC. I bought too many shitcoins. Waiting for opportunity to transfer them into BTC once an alt season appears', '13x3i1x'], ['u/002_timmy', 35, '2023-06-01 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmezz6q/', "Crypto Portfolio- 60% \nInvestment Portfolio- 20%\n\nI'm a firm believer that even though I believe crypto and bitcoin is the future, everyone should be investing in some traditional manners (401k, HSA, Brokerage, Property, etc). You never want to be in trouble is one sector implodes", '13x3i1x'], ['u/Onnimation', 26, '2023-06-01 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmf01eq/', '0%', '13x3i1x'], ['u/jet_life_next_life', 30, '2023-06-01 03:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmf17pn/', '100%', '13x3i1x'], ['u/BigLongFootDoctor', 16, '2023-06-01 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmf72o6/', 'This guy fucks', '13x3i1x'], ['u/DukeThom', 18, '2023-06-01 04:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmfcywa/', 'I FOUND HIM, I FOUND THE REASONABLE ONE THAT HAS BEEN PROPHESIED!\n\nGet him!!\n\n![gif](giphy\|3o7TKwmBiXfwA951ra\|downsized)', '13x3i1x'], ['u/[deleted]', 15, '2023-06-01 05:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmfgx3r/', "I only invest if I see utility in something.\n\nI can't remember how many years it's been since I've used Bitcoin for utility. Ethereum, in contrast, I use all the time.", '13x3i1x'], ['u/cannedshrimp', 23, '2023-06-01 05:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmfm9pk/', 'Don’t wait. Fix that mistake now', '13x3i1x']]], ['u/WeOwntheNightX', "What would a Sopranos episode about Tony's crew wanting to get into bitcoin be like?", 11, '2023-06-01 04:50', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/', 'I think Tony would make Jackie Jr be the head researcher for the bitcoin branch of this thing of ours that we neva talk about!', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/', '13x67x7', [['u/JessiePinkmanYo', 46, '2023-06-01 04:52', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/jmffopw/', 'Ya suppose to push Dogecoin!', '13x67x7'], ['u/Dramatic-Mongoose-95', 19, '2023-06-01 05:00', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/jmfgngs/', 'It died the blockchain tone', '13x67x7'], ['u/peedge0419', 20, '2023-06-01 07:40', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/jmfxb4j/', 'Log off that cookies shit makes me nervous!', '13x67x7']]], ['u/Lucy_Starlight', 'I don’t know if my (F32) relationship with my fiancé (M28) is normal.', 17, '2023-06-01 05:22', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/', 'My fiancé (28M) and I (32F) have been together for six and a half years. Before this, I have been abused in every possible way you can think of. I\'ve asked friends if they think our relationship is normal, and if how he treats me is normal. They all say no. I wanted to ask everyone on here because you don\'t know us and you\'re not inclined to lie and make me feel better. \nI get called names on a weekly basis. Things like "miserable fck. If things aren\'t going his way, he\'ll freak out and I will wince or flinch. He hates that and says that I’m overreacting and he’d never hurt me. I try to explain to him that that\'s not what it is at all. Another example is when he took me to my favorite place for a late birthday present, I got "too loud" because I was excited. We were outside and I saw something I thought was cool so I pointed at it and my voice did raise but it was because I was happy. He told me to calm down and lower my voice, and then I got upset he said that so he told me to "drop the fcking attitude and fix my tone." Then we went to a bar/ restaurant. I have seizures and cannot drink, so I asked the waiter if I could have a ginger ale and I guess I said it like a btch? I think it was because I wasn’t sure if they were going to have regular drinks. Because he walked away and my fiancé was like "wow, I would have definitely just thought you were a stuck up btch if I was him." \| excused myself and cried in the bathroom. We then went to my favorite store. I was so excited. It was the first time I had been there because they had just opened up a storefront where I live. I’ve been buying online for years. I wanted to take a picture with him in their mirror that is for selfies. We took a couple, I looked at them and didn’t like them, so I asked if I could try again and he said I was “being ridiculous and really annoying him.” Once again, I held back the tears. Then today, he was showing me a video on his phone. He knew I was trying to read so i wasn\'t that interested, and he was like "you don\'t get it, she\'s a powerful singer" and I was engrossed in my book and I said "I don\'t know babe" and he jumped off our bed, I heard a crack and I was like "Jeez, I think you might have just busted a board" and he said " don\'t give a fck, you\'re a miserable fck" and hasn\'t talked to me all night. I cried myself to sleep and just woke up. \nWhen he\'s not like this, he\'s very sweet and my best friend. I just want to know if this is normal relationship bickering or if I need to really talk to him about it. This is the healthiest relationship I’ve ever had so I don’t want to be acting like a child and having my feelings hurt when this is just a normal thing. He never used to do this, my friends say he’s gotten too comfortable. Thanks for listening to my rant!', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/', '13x6v1x', [['u/meggnuggz', 76, '2023-06-01 05:27', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfjxe9/', 'Sounds like an ass. Dump him. Get some therapy. I don’t mean that in a mean way. I really do genuinely think being in multiple abusive relationships is going to take a huge mental toll on you.\n\nTake some time away from dating and learn to enjoy being with yourself. Find new hobbies and like minded people who build you up and make you feel important. Do what makes you happy. When you’re feeling more confident in yourself and you can see what you deserve in a relationship - that’s when you can put yourself out there again.', '13x6v1x'], ['u/Training_Turnover', 14, '2023-06-01 05:35', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfksad/', "I don't see how someone 'sweet' can call their partner names and then seemingly ignore you crying. He doesn't care about you, and it sounds like he expects you to revolve around him. He doesn't take you seriously at all. You need to stand up for yourself girl, you're going to listen to him call you a miserable fck for the rest of your life after you get married, do you think you can take it? What if you're at a breaking point but you have a child with him? That's going to make it even harder for you to leave him. Listen to the other comments OP, you can do it. Stand up for yourself and walk away from that man child.", '13x6v1x'], ['u/facinationstreet', 18, '2023-06-01 06:06', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfo6lx/', "How... could this be normal AT ALL?! \n\nNo, not normal. Abusive AF. I am sorry that this is the 'most healthy' relationship you've been in, but this is so far from a benchmark for healthy that it is stunning. In healthy relationships you are not being verbally abused every day. You are not crying multiple times a day. You are not being treated badly every day.", '13x6v1x'], ['u/facinationstreet', 11, '2023-06-01 06:53', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfszl3/', "Does it matter if it is every day or every 2 days? Your partner should be your biggest cheerleader, your biggest support, your soft place to land if you've had a bad day. Not* someone who insults you, treats you like shit and swears at you REGULARLY.", '13x6v1x'], ['u/Great-Attitude', 11, '2023-06-01 06:56', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftag1/', "My (F 50's) oldest friend (F 50's) of 45 yrs also has BPD. She's also had feelings of abandonment and a difficult time being alone (and been in abusive relationships, one that ended 10yrs ago was a very long one, with 8 kids) But neither you, nor her are worthless alone. She's finally come to realize this, and has never been mentally healthier! I see why you're asking here, because if you haven't had healthy relationships, it's hard to realize what is acceptable or not. His words to you are abusive, but I'm glad you asked here. My ❤️ goes out to you because my dear friend has cried (and ranted lol) to me about her relationships over the years. I would write more now, but it's Really late here and I can't keep my eyes open. If you do respond, I will get back tomorrow. ❤️", '13x6v1x'], ['u/Lucy_Starlight', 13, '2023-06-01 06:57', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftglv/', 'Yeah, I’ve been in therapy since 2017, after I was r@ped on Halloween 2015 and started exhibiting symptoms of PTSD in 2017. I have spoken briefly about how my fiancé treats me but it’s only been a couple of times, like if I’m venting about a situation that happened that week. I need to go into more detail with her.', '13x6v1x'], ['u/Every-Anteater3587', 21, '2023-06-01 06:59', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftkxb/', 'You should talk about your abusive relationship with your therapist.', '13x6v1x'], ['u/Lucy_Starlight', 15, '2023-06-01 07:01', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftuf3/', 'Yeah, I think I will. I have an appointment with her next week. I think the only subject we will talk about will be this one, because it needs to be talked about. She barely even knows, only bits and pieces. I was so excited to be engaged again and pick out my venue, dress, etc and that’s what I would tell her, but I need to go deeper into my relationship and the bad parts of it.', '13x6v1x']]], ['u/AutoModerator', '[Altcoin Discussion] - June 2023', 12, '2023-06-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7kny/altcoin_discussion_june_2023/', "Thread topics include, but are not limited to:\n\n* Discussion related to recent events\n* Technical analysis, trading ideas & strategies\n* General questions about altcoins\n\nThread guidelines:\n\n* Be excellent to each other.\n* All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.\n* This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.\n* No discussion about specific ICOs. Established coins only.\n\nIf you're not sure what kind of discussion belongs in this thread, [here](https://www.reddit.com/r/BitcoinMarkets/comments/8ckuwb/daily_discussion_monday_april_16_2018/dxgcgdb/) [are](https://www.reddit.com/r/BitcoinMarkets/comments/4o936f/alt_cryptocurrencies_megathread_june_15_2016/d4fv61m/) [some](https://www.reddit.com/r/BitcoinMarkets/comments/4kmayw/alt_cryptocurrencies_megathread/d3g6gzs/) [example](https://www.reddit.com/r/BitcoinMarkets/comments/6xejto/what_does_your_crypto_porfolio_look_like_and_why/) [posts](https://www.reddit.com/r/BitcoinMarkets/comments/7m4pj6/do_you_think_ethereum_will_surpass_bitcoin_in_510/drrpw1t/). News, TA, and sentiment analysis are great, too.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/) and check out the #altcoins channel\n* Daily Discussion for bitcoin only: [Daily Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=daily+discussion&sort=new&restrict_sr=on&t=all)\n* Prior Altcoin Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7kny/altcoin_discussion_june_2023/', '13x7kny', '[]'], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 01, 2023', 27, '2023-06-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/', '13x7ksg', [['u/dopeboyrico', 35, '2023-06-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmfnn5u/', 'BTC price YTD through end of May by year:\n\n2023: +64.5%\n\n2022: -31.4%\n\n2021: +28.8%\n\n2020: +31.5%\n\n2019: +128.9%\n\n2018: -46.9%\n\n2017: +137.3%\n\n2016: +23.4%\n\n2015: -28.2%\n\n2014: -17.4%\n\n2013: +852.0%\n\nStill a solid start this year despite the pullback in May. Note in 2020 we closed out the year at a new ATH before reaching a peak in 2021. Momentum YTD has been stronger than 2020 so far despite the fact that this is a pre-halving year rather than a halving year.\n\nOn the other hand, 2019 started the year off strong and found a local high midyear before pulling back for the rest of the year. Momentum YTD has been weaker than 2019 and this is another pre-halving year.\n\nWe’ll see what PA looks like for the rest of the year.', '13x7ksg'], ['u/DaBrokenMeta', 21, '2023-06-01 06:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmfp3o8/', 'So i just need to reach thru time and space and get myself to start going to the gym in 2013 and also buy Bitcoin!', '13x7ksg'], ['u/Essexal', 11, '2023-06-01 09:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmg6nvt/', 'If you were there it was the first real ‘bubble’ (over a thousand US dollarinos), mainly led by China, who then spent the next 3 years banning it every other week.\n\nThe newcomers don’t know how good they have it.', '13x7ksg'], ['u/52576078', 13, '2023-06-01 11:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgeye9/', 'You would have sold at a loss in 2015', '13x7ksg'], ['u/thesandyoyster', 39, '2023-06-01 13:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgod00/', 'I am a daily lurker of this subreddit but never comment. 7 hours into June 2023 and only 7 comments! I’ll bite the bullet and contribute. Complete silence in here while btc continues to hold $27k. Beating a dead horse, but zooming out, in one year supply issuance will be half of what it is today, with interest rates lower, and I bet the price will be higher. So I will buy some today and follow up in a year to see what the outcome is. Hope everyone has a great day.', '13x7ksg'], ['u/logicalinvestr', 18, '2023-06-01 13:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgq227/', 'The market reaction to the passage of the debt limit deal is weird.', '13x7ksg'], ['u/dopeboyrico', 13, '2023-06-01 14:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgsa9n/', 'BTC price YTD through end of June by year:\n\n2023: ?\n\n2022: -58.4%\n\n2021: +20.9%\n\n2020: +27.0%\n\n2019: +188.7%\n\n2018: -54.6%\n\n2017: +148.5%\n\n2016: +56.3%\n\n2015: -17.9%\n\n2014: -17.1%\n\n2013: +613.0%\n\nPA in pre-halving years 2015 and 2019 for the month of June were both to the upside. Repeat for 2023? We’ll see.', '13x7ksg'], ['u/Makonnen91', 15, '2023-06-01 14:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgx2zf/', 'Yep. I’ll take the boring now, exciting later. Hard to believe the halving is less than a year out.\n\nI’ve only been in since summer ‘20 and averaged at $35k. But man it feels like it’s been 10 years lol', '13x7ksg'], ['u/[deleted]', 11, '2023-06-01 16:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhcx3n/', '>If markets get what they ultimately want — no debt default — they’ll have to buckle up for a potentially rough ride immediately after a deal is signed. That’s because the Treasury will instantly need to replenish the cash it burned through during the period of extraordinary measures when it could not borrow more money. This will create more competition for equity from investors. After weighing their options, many investors may find the returns from investing in US Treasuries better than stocks. That will temporarily suck some liquidity out of the stock market.\n\nThat quote from a CNN article really helped me understand what might happen.', '13x7ksg'], ['u/mad_bitcoin', 16, '2023-06-01 17:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhlq5e/', 'So you sold at $19,700 4 months ago and have been waiting for it to dip since then. You said you have been waiting for a dip to $18,000 lol! GFY😂', '13x7ksg'], ['u/xixi2', 12, '2023-06-01 18:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhtfyh/', 'Stocks pumping still so bitcoin must be breaking ou... checks Oh.', '13x7ksg'], ['u/imissusenet', 13, '2023-06-01 18:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhu5ho/', 'Some DCA fun.\n\nBuy $10 of BTC every day for 1 year, starting on Jun 1. Here is what you would have for the last 4 years:\n\n\|End Date\|1 Y Spend\|1 Year Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$3650\|$4010.33\|9.9%\|\n\|5/31/2021\|$3650\|$7830.84\|114.5%\|\n\|5/31/2022\|$3650\|$2738.12\|\\-25.0%\|\n\|5/31/2023\|$3650\|$4589.67\|25.7%\|\n\n\n\nSame thing, but buy for 2 years:\n\n\|End Date\|2Y Spend\|2Y Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$7300\|$10,680.83\|46.3%\|\n\|5/31/2021\|$7300\|$23,655.41\|224.0%\|\n\|5/31/2022\|$7300\|$9,405.07\|28.8%\|\n\|5/31/2023\|$7300\|$6,934.87\|\\-5.0%\|\n\n\n\nSame thing, but buy for 3 years:\n\n\|End Date\|3Y Spend\|3Y Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$10950\|$17,034.10\|55.6%\n\|5/31/2021\|$10950\|$49,976.84\|356.4%\|\n\|5/31/2022\|$10950\|$22,877.62\|108.9%\| \n\|5/31/2023\|$10950\|$12,645.12\|15.5%\|\n\n\n\nSame thing, but buy for 4 years:\n\n\|End Date\|4Y Spend\|4Y Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$14610\|$59,841.69\|309.6%\|\n\|5/31/2021\|$14610\|$75,200.78\|414.7%\|\n\|5/31/2022\|$14610\|$45,328.82\|210.3%\|\n\|5/31/2023\|$14610\|$24,216.00\|65.7%\|', '13x7ksg'], ['u/Talkless', 10, '2023-06-01 19:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmi0wm0/', "Here's DCA calclator where you can enter various amounts and time-frames: https://dcabtc.com/", '13x7ksg'], ['u/PurpleFlamingoFarmer', 17, '2023-06-01 20:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmiecht/', "It seems like anything between 24-30k is going to be a launch pad to the 40s where there is some trading history and then after that there isn't much resistance anywhere. This will all take months if not a year to unfold but I BELIEVE. Low leverage and you hold with a capital D.", '13x7ksg']]], ['u/rBitcoinMod', 'Daily Discussion, June 01, 2023', 35, '2023-06-01 08:06', 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/', '13x9s4l', [['u/satoshisindex', 10, '2023-06-01 08:09', 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/jmfzs3r/', 'Happy June :)\n\nMy $100/week DCA kicking in 3, 2, 1…', '13x9s4l'], ['u/Llonga', 11, '2023-06-01 20:41', 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/jmif18u/', 'It’s boring until it isn’t. Accumulate.', '13x9s4l']]], ['u/Aniilin', 'Mine KASPA with BTC Payouts', 15, '2023-06-01 11:33', 'https://www.reddit.com/r/kaspa/comments/13xd0ra/mine_kaspa_with_btc_payouts/', "Kaspa has been incredibly unpredictable lately. It could be due to the presence of ASICs or other unknown factors. I'm uncertain of the exact cause. However, I'm looking for a way to safeguard my investments without having switch to other coins.\n\nIs there anyone who can provide information on mining Kaspa with payouts in Bitcoin or USDT?", 'https://www.reddit.com/r/kaspa/comments/13xd0ra/mine_kaspa_with_btc_payouts/', '13xd0ra', [['u/vxm009', 10, '2023-06-01 11:34', 'https://www.reddit.com/r/kaspa/comments/13xd0ra/mine_kaspa_with_btc_payouts/jmgervv/', 'There is a trick how you can connect to Kryptex infrastructure and get BTC to your account. [https://www.kryptex.com/en/articles/kryptex-pools-direct-mining-en](https://www.kryptex.com/en/articles/kryptex-pools-direct-mining-en)\n\nKryptex will exchange everything you mine this way into bitcoins.', '13xd0ra']]], ['u/primordial_gloop', 'Easy long-term DCA, trade and hodl strategy for maximum low risk returns.', 20, '2023-06-01 12:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13xdzb4/easy_longterm_dca_trade_and_hodl_strategy_for/', "This is how I maximise my crypto in long term investments. As we know, bull markets come in cycles usually coinciding with BTC halvings. After BTC tops it's then altcoin season (usually). What I do is DCA in a bear market into altcoins then trade into BTC at the height of alt season so I can ride btc down into a bear market. Then trade BTC for the altcoins at near bottom of the market and start DCAing again. I follow the plan b rainbow chart to guess the tops and bottoms of the market. This is for the people that don't want to take profits and see crypto as a long term investment and only works if BTC falls less % in a bear market than your altcoin (which is usually the case). Open for ridicule but it works for me without being a day trader. You can double your coins this way quite easily if you pick good projects.", 'https://www.reddit.com/r/CryptoCurrency/comments/13xdzb4/easy_longterm_dca_trade_and_hodl_strategy_for/', '13xdzb4', [['u/rikbona', 25, '2023-06-01 12:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13xdzb4/easy_longterm_dca_trade_and_hodl_strategy_for/jmgjeof/', ">What I do is DCA in a bear market\n\n>Then trade BTC for the altcoins at near bottom of the market\n\nWouldn't this require to know/recognise when the bear, the bottom and the highs happen?😶\n\nI don't know, maybe it's me, but all of it looks like timing the market and crypto trading, not so easy and definitely not so low-risky 😶", '13xdzb4']]], ['u/SrijanK', 'Deep Dive: IBM and Hedera', 101, '2023-06-01 12:35', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/', 'Over the past several weeks, I have tried to research IBM’s involvement in the Hedera ecosystem, especially their focus on the Hedera Consensus Service and how Hedera fits into the Hyperledger Fabric mechanism, which seems to be what the IBM Blockchain Platform uses for its blockchain use cases. I would like to share my findings below:\n\nTimeline:\n\n* IBM was the lead investor in Hedera Hashgraph\'s first funding round in February 2018.\n* Hedera Consensus Service was announced in June 2019. This whitepaper was co-authored by IBM.\n* IBM joins the Hedera Governing Council in August 2019.\n* Hedera Consensus Service launched on Mainnet in February 2020.\n\nIBM\'s foray into Blockchain\n\nFrom Bryan Gross\' [presentation](https://youtu.be/84bmHRO5OqE?t=2161) on the Hedera Consensus Service:\n\n>IBM blockchain started in mid 2015 when clients really began asking us our opinion on blockchain and whether or not they should get involved in it. So, we did some exploratory work and got really excited about it but unfortunately we were not able to find a distributed ledger technology that was compatible with the requirements of business - things like privacy and confidentiality, and that led us to start prototyping something that became known as the Open Blockchain and we donated the code development resource and intellectual property to the Linux Foundation, and this ultimately became the Hyperledger project in early 2016. This early adoption and insight into blockchain by IBM has helped us become the recognized leader in blockchain for business.\n\nDon Thibeau, who was on Offering Manager at IBM Blockchain prior to joining Hedera in August 2018, mentions the following in a [podcast](https://www.lowenstein.com/media/11833/e006-immutable-holdings-the-preeminent-blockchain-conglomerate.pdf) from November 2022:\n\n>At IBM, my primary focus was an open-source project called Hyperledger Fabric, which helped to build permissioned networks for those different use cases, and of course, the IBM blockchain platform, which helped to make that available as a service. \n> \n>When I joined Hedera, we made that pitch back to IBM and said, "Look at Hedera as a platform for enabling your access to public networks, while still delivering an enterprise scale of technology." And that\'s one that I think IBM has greatly benefited from in the years since they joined as a council member.\n\n\n\nIBM joins the Hedera Governing Council\n\nAt the time of joining the council, IBM said it is most interested in how the public network interacts with private networks. As per Bryan Gross from IBM (for some background, Bryan co-authored the HCS whitepaper, served as the IBM representative on the Hedera GC from IBM\'s joining until June 2020 when he quit IBM. He subsequently also served as an advisor to Hedera Hashgraph from June 2020 to Feb 2021),\n\n>The most exciting part is the proposed Hedera Consensus Service. It has the potential to provide the core innovation of proof-of-work blockchains, like bitcoin and ethereum, without the performance and privacy trade-offs that are typically associated with these networks. \n> \n>Since the Hedera Hashgraph is designed to unify public and private networks, IBM will use it to build trust in custom Hyperledger Fabric networks.\n\nHedera Consensus Service makes it possible for Hyperledger projects out there to use the service to put transactions in order and eliminate the need for them to stand up nodes for transaction ordering, and they get the trust model of a public network,” Harmon said. \\[[Source](https://finance.yahoo.com/news/ibm-tata-become-first-big-120057268.html)\\]\n\nFrom Hedera’s [press release](https://hedera.com/blog/ibm-and-tata-communications-join-hedera-governing-council) announcing IBM\'s entry into the council, Jerry Cuomo, Vice President of Blockchain Technologies at IBM, said:\n\n>We are excited to join the Hedera Governing Council and explore relationships between public networks and industry-specific networks. Hyperledger has proven to be the de facto standard enterprises use to build, manage, and deploy blockchain-based ledgers. We believe Hedera could help provide an interesting way to enhance and simplify the deployment of Hyperledger Fabric in the enterprise, making it easier for groups to build and grow their networks.\n\nAs a sidenote, all 9 of IBM’s representative to the Hedera Governing Council have been top executives within the IBM Blockchain Platform, clearly indicating the level of IBM\'s involvement into Hedera:\n\n* Bryan Gross, Principal Product Manager at IBM Blockchain\n* Jules Miller, Partner, IBM Blockchain Ventures\n* Gari Singh, CTO IBM Blockchain\n* Andy Carelli, Director, Blockchain Platform\n* Porter Stowell, Head of Product Management at IBM Blockchain\n* Anthony Day, Consulting Partner at IBM Blockchain\n* Paul Tippett, Head of Operations, IBM Blockchain\n* Bhargav Perepa, Blockchain Technical Advisor/ Specialist\n* Shyam Nagarajan, Executive Partner, Blockchain and Web 3.0\n\nWhat is Hedera Consensus Service?\n\nWhile we discuss IBM’s role and use of Hedera, it is critical to understand the Hedera Consensus Service, which, as can be seen above, has always been the focal point of IBM’s involvement.\n\nHedera Consensus Service (HCS) is a purpose-built tool for creating decentralized, auditable logs of immutable and timestamped events for web2 and web3 applications. Messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. HCS is used by applications in production to track provenance across supply chains, log asset transfers between blockchain networks, count votes in a DAO, monitor IoT devices, and more.\n\nHedera is the first public distributed ledger that allows developers to build their own application networks (appnet), a set of computers which enable privacy but utilize the trust of Hedera’s public ledger as their consensus engine. This service takes full advantage of hashgraph’s high-throughput for speed and asynchronous Byzantine fault tolerance for security. Hedera Consensus Service can be used standalone or as a decentralized ordering service with other ledgers, such as Hyperledger Fabric, Corda, or Ethereum.\n\nIBM formalizes the HCS Model\n\nFrom Hedera\'s blog [piece](https://hedera.com/blog/ibm-blockchain-platform-tech-preview-with-hedera-consensus-service) announcing the IBM Blockchain Platform Tech Preview -\n\n>A leader in permissioned networks, original co-author of the Hedera Consensus Service whitepaper, and current Hedera Governing Council member, IBM, wants to formalize this model. To do so, they\'ve announced the IBM Blockchain Tech Preview with Hedera Consensus Service.\n\nFrom the Tech Preview, IBM mentions the following:\n\n>The importance of the ecosystem is what led us to join the Hedera Governing Council for Hedera Hashgraph back in 2019. Since we began our relationship with Hedera, they have done nothing but deliver valuable innovations that support and enhance capabilities within the enterprise blockchain space.\n\nWith Hedera Consensus Service, Hedera provides an immutable, decentralized, and ordered log of every transaction. Enterprises, regulators, and end-users can be more comfortable about their privacy, while still enabling the decentralized trust required for their application. IBM Blockchain Platform and Hedera are blending the world of private and public ledgers. From Leemon\'s video introducing HCS, co-presented by Bryan Gross from IBM, Leemon mentions that using Hyperledger Fabric with Hedera\'s Consensus Service allows you to have the privacy of a Hyperledger private network, and the trust of the Hedera Network.\n\nThis hybrid architecture takes advantage of a more decentralized network while still preserving the privacy of its participants and their transactions.\n\nThe Tech Preview was an overview explaining how two separate offerings 1) the IBM Blockchain Platform and 2) the Hedera Consensus Service can work together at the application layer to support a Private Blockchain Network based on Hyperledger Fabric with decentralized ordering provided by the Hedera Consensus Service plug-in. Ultimately, the Tech Preview is a blockchain use case with enhanced auditability and public trust - putting to use the decentralized and verifiable events of Hedera Hashgraph while preserving transaction privacy within IBM Blockchain Platform. \\[[Source](https://epwt-www.mybluemix.net/software/support/trial/cst/programwebsite.wss?siteId=1288&tabId=3455&p=&h=null)\\]\n\nhttps://preview.redd.it/0rc2umaivd3b1.png?width=975&format=png&auto=webp&v=enabled&s=1a0d20358b53ca0aa62bf7dc07c65ef418f0a858\n\nWhy does IBM Blockchain Platform need the Hedera Consensus Service?\n\nFrom Bryan Gross’ presentation on Introduction to Hedera Consensus Service:\n\nIBM blockchain platform is powered by hyperledger fabric, but Hyperledger fabric is a framework or a toolkit but it\'s not a running network like Hedera.. and so in order to get value from a Hyperledger fabric Network, a network operator must deploy nodes start or join a network and install and substantiate chain code. In this process, the network operator relies on three fabric components because fabric is really built in this modular way where you can swap in and out these different components to meet your use case.\n\n1. The first component is a certificate authority that identifies organizations that participate in the network.\n2. The second component is a peer which can represent your organization on the network, this peer can endorse transactions and run the network but\n3. The third service which is the one that\'s most interesting today is the ordering service and this service is the one that determines the fair order of transactions. The ordering service can take some more time to understand as it adds some complexity in deploying with challenges such as who\'s going to run the ordering service, how many nodes will be needed to operate efficiently, which consensus algorithms will back the order of transaction processing, etc. There are real performance and cost implications to these decisions and as a result, Hyperledger Fabric currently has three options for ordering:\n\n* Solo - Easy to set up, high speed and cost-friendly. Not crash-tolerant.\n* Kafka - Crash Tolerant, but not BFT, needs additional dependencies.\n* Raft - Crash Fault Tolerant, but not BFT. No additional dependencies needed. Raft follows a “leader and follower” model, where a leader node is elected (per channel) and its decisions are replicated by the followers.\n\nToday, we are enabling yet another option through this partnership with Hedera, where network operators can access fair message ordering by 39 major companies without going through the effort and expense of deploying five RAF nodes or forming a consortium of running their own nodes is potentially something of value.\n\nHyperledger Fabric Interoperability\n\nThe Hedera Consensus Service proof-of-concept use case is providing custom Hyperledger Fabric networks with decentralized consensus on the validity and order of blockchain transactions without the need to configure a RAFT or Kafka ordering service.\n\nThe Hedera Consensus Service will make a global, fault tolerant, and cost-effective ordering service available to any Hyperledger Fabric network built today. The Hedera Consensus Service provides any Fabric network the ability to order transactions with high throughput using a global network of nodes that do not need to be operated or individually trusted by the members of the Fabric network. This will reduce operational cost of Fabric-based solutions, improve resiliency to data center outages, and alleviate the need to determine who operates private Fabric ordering services per network. The Hedera Consensus Service reduces the cost of operating private networks, enables both privacy and scalability, and improves the trust model over both private ledgers and centralized servers.\n\nTL;DR/ Conclusion\n\nBased on all the above, IBM seems to be fully invested in the Hedera ecosystem, more so with the Hedera Consensus Service which forms a key offering in its Blockchain Platform. Hedera\'s role in these architectures by IBM is simple. With Hedera Consensus Service, Hedera is providing an immutable, decentralized, and ordered log of every transaction. Enterprises, regulators, and end-users can be more comfortable about their privacy, while still enabling the decentralized trust required for their application. IBM Blockchain Platform and Hedera are blending the world of private and public ledgers.', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/', '13xe2ia', [['u/oak1337', 35, '2023-06-01 13:29', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/jmgodu8/', "Bro you're on another level. Very nice. 👍👍", '13xe2ia'], ['u/where-ya-headed', 11, '2023-06-01 13:48', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/jmgqclu/', 'Well this seems very bullish. Let’s hope more partnerships like this occur.', '13xe2ia'], ['u/Ricola63', 15, '2023-06-01 15:06', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/jmgzjis/', 'Nice bit of work there.... Good summary of things from an IBM Perspective.\n\nHere is my thinking. Hyperledger is a widely used private Blockchain platform, competing primarily with R3 Corda. R3 Corda having won more of the financial market, Hyperledger winning on a more \\`general industry\\` basis. (Broad thinking this but I don\\`t think especially controversial.)\n\nMy understanding is that Hedera have similar strong integration links to both Hyperledger and Corda..... Those links have been existing for some two/three years.\n\nThe strength of the Hedera/IBM Relationship is obvious. At a senior level IBM have engaged with Hedera.... They must, one would imagine, have exposed the power of this Public / Private combination to numerous users of Hyperledger.... Surely? So why then, after this prolonged period, with all the numerous installations of Hyperledger across multiple industries, is noone, that we no of, taking advantage of this (on the face of it) unique and compelling business proposition? I could ask the same question about Corda, but there is no Corda equivalent to \\`IBM\\` on the Hedera council, so I assume that side of things will be naturally slower to take off.\n\nI mean, the integration is done/tested/proven.... The utility of Hedera is done/tested/proven.... What is the problem? Why are we not seeing, at least the start, of businesses taking advantage of this proposition? Is it still too early? Is Hedera still too immature? OR is the proposition identified by IBM and others somehow flawed? If so, how?\n\nIf I look across the space I see some private markets, like IBM/ Maersk Tradelens, failing. I can only assume they looked hard at what Hedera offered and concluded that it would not address their core problems, which (for those that haven\\`t followed it closely) were stated to be around the challenge of gaining the engagement of multiple parties across the supply chain in a single market.\n\nAt this point I pause, because I have seen this before, many times. Technology is but one major aspect of a successful network. Politics is another. And politics nearly always trumps T... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell Friday morning in Asia, trading below support at US$27,000 in a lackluster start to June after posting its first monthly loss of the year in May. Ether fell back below US$1,900 and most other top 10 non-stablecoin cryptocurrencies traded flat to lower. Cardano led the losers, while Litecoin found buying support as the token’s third halving event draws near. U.S. equity futures rose following gains in regular trading Thursday after the debt ceiling bill passed the House of Representatives and now goes to the Senate. Manufacturing data showed an easing in the pace of inflation, tempering concerns about more interest rate hikes ahead. On the down side,analysts expectthe U.S. to issue as much as US$1 trillion in treasury bills this year to replenish its cash, which could suck liquidity from risk assets such as cryptocurrencies.\nBitcoin fell 1.17% over the last 24 hours to US$26,878 at 07:10 a.m. in Hong Kong, but held onto a weekly gain of 1.53%, according todatafrom CoinMarketCap. The leading cryptocurrency dropped around 7% in May, but is still up 62% for the year so far.\nEther inched down 0.19% to trade at US$1,866, with a weekly gain of 3.20%.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, while Litecoin bucked that trend to gain 5.11% to US$94.41, up 9.98% for the week. The token’sthird halving eventis set for Aug. 2, which would reduce supply of the token.\nLitecoin’s on-chain activities picked up in May, according to blockchain data trackerIntoTheBlockon Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March.\nCardano’s ADA led the losers in the top 10 non-stablecoin tokens, falling 2.35% to US$0.3659, but still managing a weekly gain of 2.03%.\nWhile crypto prices head lower, Rachel Lin, co-founder & CEO of crypto derivatives exchange Synfutures, still sees optimism for the industry in some other recent developments.\n“Positive developments in the crypto ecosystem this week include Celsius’sprogresswith its bankruptcy and restructuring plan under Fahrenheit Holdings,” she said. “If successful, it could demonstrate the crypto industry’s resilience in addressing its failures.”\nMeantime, the market cap of Tether’s USDT stablecoin hit an all-time high of US$83.60 billion early Friday morning in Asia, up more than 26% from the start of the year.\n“(USDT’s rise was) undoubtedly linked to the banking woes in the US and thedemise of BUSDfrom Binance; seems like investors are putting their faith – and money – with Tether, so far,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock.\nThe total market cap of cryptocurrencies dropped 0.64% in the past 24 hours to US$1.13 trillion, while the 24-hour market volume fell 7.79% to US$30.28 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 0.72% to 3,373.23 in the 24 hours to 08:30 a.m. in Hong Kong, but added 0.65% for the week.\nNFT sales on Ethereum rose 17.61% in the past 24 hours to US$26.51 million, led by strong sales in Bored Ape Yacht Club (BAYC) and Azuki, according toCryptoSlamdata. Sales on the Bitcoin network fell 38.99%% to US$2.58 million.\nBAYC had the biggest sales in the 24 hours of US$5.15 million, accounting for almost 20% of sales on the Ethereum blockchain.\nFF6000, an Ethereum NFT collection launched by pseudonymous memecoin creatorBen.ethon Thursday night, stormed the market with sales totaling US$2.19 million and over 10,000 transactions, ranking third in terms of 24-hour sales.\nThe month of May saw over 8.91 million total NFT transactions and more than 819,000 unique sellers, the largest since February 2022, according toCryptoSlamdata.\nElsewhere, Nike Virtual Studios, the Web 3.0 arm of the U.S. footwear giant Nike Inc.,announceda partnership with sports video game publisher EA Sports on Thursday, which would bring Nike’s NFTs into video games. SWOOSH, Nike’s NFT platform, launched its first NFT sneaker collection Our Force 1 on May 24, which has seen sales of 97,627, according to data fromPolygonscan.\n“(The partnership between Nike and EA) is huge for mass adoption, and combined with stories likeReddit’s10 million strong user base and the recent high transaction volume, we’re starting to see a new NFT space emerge,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures rose as of 11:45 a.m. in Hong Kong. Dow Jones Industrial Average futures and S&P 500 futures both gained 0.21%, while Nasdaq futures added 0.28%.\nThe three major U.S. stock indexes rose on Thursday after the House of Representativespassedthe debt ceiling deal 314-to-117 on Wednesday evening. The bill now goes to the Senate for voting to avert a debt default.\nOn the inflation front, the U.S. manufacturing purchasing managers’ index (PMI) fell to 46.9 in May from 47.1 in April, according to theInstitute for Supply Managementon Thursday. A PMI below 50 indicates a contraction in the economy, and is the seventh consecutive month of decline, which has been seen as an indicator for a recession in the U.S.\nThe Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolnow predicts a 76% chance the Fed will keep rates unchanged in June, and a 24% chance for another 25-basis-point rate hike, down from 37.8% on Thursday.\n“I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner,”saidPatrick Harker, President of the Federal Reserve Bank of Philadelphia, on Thursday.\nMeanwhile in China, theCaixin Manufacturing PMIregistered 50.9 in May, rising from 49.5 in April. The figure points to a moderate growth in China’s manufacturing activity, while the country’s economic recovery remains patchy, according to Chinese news mediaCaixinon Thursday.\n(Updates with equities section.)', 'Bitcoin fell Friday morning in Asia, trading below support at US$27,000 in a lackluster start to June after posting its first monthly loss of the year in May. Ether fell back below US$1,900 and most other top 10 non-stablecoin cryptocurrencies traded flat to lower. Cardano led the losers, while Litecoin found buying support as the token’s third halving event draws near. U.S. equity futures rose following gains in regular trading Thursday after the debt ceiling bill passed the House of Representatives and now goes to the Senate. Manufacturing data showed an easing in the pace of inflation, tempering concerns about more interest rate hikes ahead. On the down side,analysts expectthe U.S. to issue as much as US$1 trillion in treasury bills this year to replenish its cash, which could suck liquidity from risk assets such as cryptocurrencies.\nBitcoin fell 1.17% over the last 24 hours to US$26,878 at 07:10 a.m. in Hong Kong, but held onto a weekly gain of 1.53%, according todatafrom CoinMarketCap. The leading cryptocurrency dropped around 7% in May, but is still up 62% for the year so far.\nEther inched down 0.19% to trade at US$1,866, with a weekly gain of 3.20%.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, while Litecoin bucked that trend to gain 5.11% to US$94.41, up 9.98% for the week. The token’sthird halving eventis set for Aug. 2, which would reduce supply of the token.\nLitecoin’s on-chain activities picked up in May, according to blockchain data trackerIntoTheBlockon Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March.\nCardano’s ADA led the losers in the top 10 non-stablecoin tokens, falling 2.35% to US$0.3659, but still managing a weekly gain of 2.03%.\nWhile crypto prices head lower, Rachel Lin, co-founder & CEO of crypto derivatives exchange Synfutures, still sees optimism for the industry in some other recent developments.\n“Positive developments in the crypto ecosystem this week include Celsius’sprogresswith its bankruptcy and restructuring plan under Fahrenheit Holdings,” she said. “If successful, it could demonstrate the crypto industry’s resilience in addressing its failures.”\nMeantime, the market cap of Tether’s USDT stablecoin hit an all-time high of US$83.60 billion early Friday morning in Asia, up more than 26% from the start of the year.\n“(USDT’s rise was) undoubtedly linked to the banking woes in the US and thedemise of BUSDfrom Binance; seems like investors are putting their faith – and money – with Tether, so far,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock.\nThe total market cap of cryptocurrencies dropped 0.64% in the past 24 hours to US$1.13 trillion, while the 24-hour market volume fell 7.79% to US$30.28 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 0.72% to 3,373.23 in the 24 hours to 08:30 a.m. in Hong Kong, but added 0.65% for the week.\nNFT sales on Ethereum rose 17.61% in the past 24 hours to US$26.51 million, led by strong sales in Bored Ape Yacht Club (BAYC) and Azuki, according toCryptoSlamdata. Sales on the Bitcoin network fell 38.99%% to US$2.58 million.\nBAYC had the biggest sales in the 24 hours of US$5.15 million, accounting for almost 20% of sales on the Ethereum blockchain.\nFF6000, an Ethereum NFT collection launched by pseudonymous memecoin creatorBen.ethon Thursday night, stormed the market with sales totaling US$2.19 million and over 10,000 transactions, ranking third in terms of 24-hour sales.\nThe month of May saw over 8.91 million total NFT transactions and more than 819,000 unique sellers, the largest since February 2022, according toCryptoSlamdata.\nElsewhere, Nike Virtual Studios, the Web 3.0 arm of the U.S. footwear giant Nike Inc.,announceda partnership with sports video game publisher EA Sports on Thursday, which would bring Nike’s NFTs into video games. SWOOSH, Nike’s NFT platform, launched its first NFT sneaker collection Our Force 1 on May 24, which has seen sales of 97,627, according to data fromPolygonscan.\n“(The partnership between Nike and EA) is huge for mass adoption, and combined with stories likeReddit’s10 million strong user base and the recent high transaction volume, we’re starting to see a new NFT space emerge,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures rose as of 11:45 a.m. in Hong Kong. Dow Jones Industrial Average futures and S&P 500 futures both gained 0.21%, while Nasdaq futures added 0.28%.\nThe three major U.S. stock indexes rose on Thursday after the House of Representativespassedthe debt ceiling deal 314-to-117 on Wednesday evening. The bill now goes to the Senate for voting to avert a debt default.\nOn the inflation front, the U.S. manufacturing purchasing managers’ index (PMI) fell to 46.9 in May from 47.1 in April, according to theInstitute for Supply Managementon Thursday. A PMI below 50 indicates a contraction in the economy, and is the seventh consecutive month of decline, which has been seen as an indicator for a recession in the U.S.\nThe Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolnow predicts a 76% chance the Fed will keep rates unchanged in June, and a 24% chance for another 25-basis-point rate hike, down from 37.8% on Thursday.\n“I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner,”saidPatrick Harker, President of the Federal Reserve Bank of Philadelphia, on Thursday.\nMeanwhile in China, theCaixin Manufacturing PMIregistered 50.9 in May, rising from 49.5 in April. The figure points to a moderate growth in China’s manufacturing activity, while the country’s economic recovery remains patchy, according to Chinese news mediaCaixinon Thursday.\n(Updates with equities section.)', 'Bitcoin fell Friday morning in Asia, trading below support at US$27,000 in a lackluster start to June after posting its first monthly loss of the year in May. Ether fell back below US$1,900 and most other top 10 non-stablecoin cryptocurrencies traded flat to lower. Cardano led the losers, while Litecoin found buying support as the token\x92s third halving event draws near. U.S. equity futures rose following gains in regular trading Thursday after the debt ceiling bill passed the House of Representatives and now goes to the Senate. Manufacturing data showed an easing in the pace of inflation, tempering concerns about more interest rate hikes ahead. On the down side, analysts expect the U.S. to issue as much as US$1 trillion in treasury bills this year to replenish its cash, which could suck liquidity from risk assets such as cryptocurrencies. Crypto Bitcoin fell 1.17% over the last 24 hours to US$26,878 at 07:10 a.m. in Hong Kong, but held onto a weekly gain of 1.53%, according to data from CoinMarketCap. The leading cryptocurrency dropped around 7% in May, but is still up 62% for the year so far. Ether inched down 0.19% to trade at US$1,866, with a weekly gain of 3.20%. Most other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, while Litecoin bucked that trend to gain 5.11% to US$94.41, up 9.98% for the week. The token\x92s third halving event is set for Aug. 2, which would reduce supply of the token. Litecoin\x92s on-chain activities picked up in May, according to blockchain data tracker IntoTheBlock on Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March. Cardano\x92s ADA led the losers in the top 10 non-stablecoin tokens, falling 2.35% to US$0.3659, but still managing a weekly gain of 2.03%. While crypto prices head lower, Rachel Lin, co-founder & CEO of crypto derivatives exchange Synfutures, still sees optimism for the industry in some other recent developments. Story continues \x93Positive developments in the crypto ecosystem this week include Celsius\x92s progress with its bankruptcy and restructuring plan under Fahrenheit Holdings,\x94 she said. \x93If successful, it could demonstrate the crypto industry\x92s resilience in addressing its failures.\x94 Meantime, the market cap of Tether\x92s USDT stablecoin hit an all-time high of US$83.60 billion early Friday morning in Asia, up more than 26% from the start of the year. \x93(USDT\x92s rise was) undoubtedly linked to the banking woes in the US and the demise of BUSD from Binance; seems like investors are putting their faith \x96 and money \x96 with Tether, so far,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock . The total market cap of cryptocurrencies dropped 0.64% in the past 24 hours to US$1.13 trillion, while the 24-hour market volume fell 7.79% to US$30.28 billion. Nike, EA Sports partner in NFTs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.72% to 3,373.23 in the 24 hours to 08:30 a.m. in Hong Kong, but added 0.65% for the week. NFT sales on Ethereum rose 17.61% in the past 24 hours to US$26.51 million, led by strong sales in Bored Ape Yacht Club (BAYC) and Azuki, according to CryptoSlam data. Sales on the Bitcoin network fell 38.99%% to US$2.58 million. BAYC had the biggest sales in the 24 hours of US$5.15 million, accounting for almost 20% of sales on the Ethereum blockchain. FF6000 , an Ethereum NFT collection launched by pseudonymous memecoin creator Ben.eth on Thursday night, stormed the market with sales totaling US$2.19 million and over 10,000 transactions, ranking third in terms of 24-hour sales. The month of May saw over 8.91 million total NFT transactions and more than 819,000 unique sellers, the largest since February 2022, according to CryptoSlam data. Elsewhere, Nike Virtual Studios, the Web 3.0 arm of the U.S. footwear giant Nike Inc., announced a partnership with sports video game publisher EA Sports on Thursday, which would bring Nike\x92s NFTs into video games. SWOOSH, Nike\x92s NFT platform, launched its first NFT sneaker collection Our Force 1 on May 24, which has seen sales of 97,627, according to data from Polygonscan . \x93(The partnership between Nike and EA) is huge for mass adoption, and combined with stories like Reddit\x92s 10 million strong user base and the recent high transaction volume, we\x92re starting to see a new NFT space emerge,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. U.S. futures rise on debt ceiling deal Image: Envato Elements U.S. stock futures rose as of 11:45 a.m. in Hong Kong. Dow Jones Industrial Average futures and S&P 500 futures both gained 0.21%, while Nasdaq futures added 0.28%. The three major U.S. stock indexes rose on Thursday after the House of Representatives passed the debt ceiling deal 314-to-117 on Wednesday evening. The bill now goes to the Senate for voting to avert a debt default. On the inflation front, the U.S. manufacturing purchasing managers\x92 index (PMI) fell to 46.9 in May from 47.1 in April, according to the Institute for Supply Management on Thursday. A PMI below 50 indicates a contraction in the economy, and is the seventh consecutive month of decline, which has been seen as an indicator for a recession in the U.S. The Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool now predicts a 76% chance the Fed will keep rates unchanged in June, and a 24% chance for another 25-basis-point rate hike, down from 37.8% on Thursday. \x93I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner,\x94 said Patrick Harker, President of the Federal Reserve Bank of Philadelphia, on Thursday. Meanwhile in China, the Caixin Manufacturing PMI registered 50.9 in May, rising from 49.5 in April. The figure points to a moderate growth in China\x92s manufacturing activity, while the country\x92s economic recovery remains patchy, according to Chinese news media Caixin on Thursday. (Updates with equities section.)', 'A deeper scan of the markets will often reward investors with undervalued sleeper stocks to buy. These are the very stocks that\xa0are fundamentally sound and have an attractive business model. And yet, many of these stocks have still not caught the eye of investors. Eventually, they will. \xa0And I believe that some of the top sleeper stocks will be poised for multi-bagger returns. I also believe these ignored stocks have a clear valuation gap. That being said, let’s jump into seven of the undervalued sleeper stocks to buy today. Undervalued Sleeper Stocks to Buy: Scorpio Tankers (STNG) A person draws a stock chart on a chalkboard. Source: Zurijeta / Shutterstock.com Scorpio Tankers (NYSE: STNG ) is one of the top undervalued sleeper stocks to buy. At the moment, it trades at a forward price-earnings ratio of 4.3, with an attractive yield of 2.12%. As an overview, Scorpio is a leading provider of product tankers for refined petroleum products. The company has one of the largest product fleets in the world with 113 eco-vessels that have an average age of 7.2 years. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In addition, in its third quarter, Scorpio reported revenue of $384.4 million, which was higher by 121% on a year-on-year basis . Further, operating income was $231 million as compared to the prior year period operating losses. With healthy day rates, Scorpio is a cash flow machine. Given the robust numbers, the company increased its quarterly dividend by 25% to 25 cents. Also, with strong cash flows, the company has deleveraged and boosted its cash buffer. It’s worth noting that for every $10,000 increase in day rate, the company anticipates an increase of $412 million in cash flows. With a strong tanker market, the outlook is promising. MINISO Group (MNSO) hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks Source: shutterstock.com/CC7 MINISO Group (NYSE: MNSO ) is a Chinese company that engages in the retail and wholesale of lifestyle products. MNSO stock has witnessed a significant rally in the last 12 months. However, it remains under the radar of investors, even with an attractive forward price-earnings ratio of 19.7. Story continues In my view, there are two major reasons to like this stock. For one, the company reported 5,440 stores as of Q2 2023. Of this, 2,115 stores were outside China . The company has also expanded into Asia, Latin America, Europe, and the Middle East. Last year, new store openings were 395. With aggressive new store openings globally, the outlook for revenue growth is robust. Further, the company’s gross margin for Q2 2023 was 40%. On a year-on-year basis, the gross margin expanded by 890 basis points. Newly launched products and cost savings contributed to gross margin expansion. With operating leverage, I expect margin expansion to sustain. Amdocs (DOX) tree growing on coin of stacking with green bokeh background; growth stocks Source: Freedom365day / Shutterstock.com Amdocs (NASDAQ: DOX ) is another one of the top undervalued sleeper stocks to buy for multi-bagger returns. With a forward price-earnings ratio of 16, the 1.8% dividend yield stock can deliver multi-bagger returns in the next few years. There are two major reasons to like DOCS. First, the company is a provider of software services and solutions to the telecommunications and media industry globally. By 2025, the company expects the total serviceable market to be $57 billion . Therefore, there is huge potential for growth acceleration. In addition, Amdocs’ business is a cash flow machine. Last year, the company reported free cash flow in excess of $600 million. For the current year, FCF is expected to be $700 million. Given the industry outlook, FCF will be in excess of $1 billion in the next 24 months.\xa0With strong financial flexibility, Amdocs will be positioned for aggressive organic and inorganic growth. Recently, the company acquired the service assurance business of TEOCO for a consideration of $90 million in cash. Leonardo DRS (DRS) Stocks to buy: smartphone with the words "buy" and "sell" displayed on the screen. The user\'s finger is about to press buy. Stock charts are in the background of the image. Source: Chompoo Suriyo / Shutterstock.com Leonardo DRS (NASDAQ: DRS ) is another top sleeper stock poised for growth. The emerging player in the defense sector looks undervalued even after a rally of 25% for year-to-date 2023.\xa0As an overview, the company’s focus areas include advanced sensing, network computing, force protection, and electric power & propulsion. Last year, the company reported revenue and EBITDA of $2.75 billion and $323 million respectively. In addition, an order backlog of $4.3 billion provides clear revenue visibility. Further, with a net-leverage ratio of 1.5, the company has ample financial flexibility for organic and acquisition-driven growth. Also,\xa0Leonardo won the 2023 Herschel Award for its role in the development of advanced infrared detectors . Innovation is the key factor that’s likely to drive business scalability in the coming years. Ardmore Shipping (ASC) a green button on a keyboard has an arrow pointing upward with the word "Buy". representing safe stocks to buy Source: AdityaB. Photography/ShutterStock.com Ardmore Shipping (NYSE: ASC ) stock is another undervalued name flying under the radar. To put things into perspective, the 6.72% dividend yield stock trades at a forward price-earnings ratio of 3.8. I would not be surprised if ASC stock doubles in the next 12 months. The company is involved in the seaborne transportation of petroleum products and chemicals globally. A key reason to be bullish is positive industry tailwinds. The company’s MR tankers earned $37,500 per day in Q1 2023 . With cash breakeven at $14,500 per day, the EBITDA margin was robust. Even for Q2 2023 (to date), the time charter rate has been strong at $34,000. Even beyond Q2, time charter rates are likely to remain strong. One reason is European Union refined product embargo. This has resulted in route inefficiencies and higher tonne-miles. Overall, Ardmore has a strong balance sheet and liquidity buffer. With cash flow visibility, there is headroom for sustained dividends, deleveraging, and fleet expansion. Aker BP ASA (AKRBF) A businessman ripping his shirt off to reveal an upward green arrow with the word buy on it underneath Source: ImageFlow/Shutterstock.com An undervalued sleeper stock that deserves attention is Aker BP ASA (OTCMKTS: AKRBF ). With a price-earnings ratio of 9.9, the stock also offers a dividend yield of 9.6%. In addition,\xa0Aker BP is a value creator, with high-quality oil assets with a low break-even point. To put things into perspective, Aker reported revenue of $3.3 billion for Q1 2023. For the same period, EBITDA was $2.9 billion. This has translated into operating cash flow after tax of $1.7 billion.\xa0Even with oil trading around $70 to $80, the company is positioned to deliver annualized OCF of $7 billion. This provides ample headroom for dividend growth and aggressive investment in exploration activity. Bitfarms (BITF) Let’s also talk briefly about the penny stock Bitfarms (NASDAQ: BITF ). Thanks to a brutal crypto winter, investors have stayed away from miners, like BITF. \xa0However, with the price of Bitcoin ( BTC-USD ) expected to come back strong, it could eventually boost the BITF stock. In fact, I believe BITF could\xa0deliver 5x or 10x returns if Bitcoin trades near all-time highs in the next 12 to 24 months. One reason to like Bitfarms is the fact that the company is a low-cost Bitcoin miner. For Q1 2023, the company reported revenue and EBITDA of $30.1 million and $6.3 million respectively. I expect EBITDA margin expansion to sustain.\xa0Another reason to like the company is its aggressive mining capacity expansion. As of April, Bitfarms reported a capacity of 5EH/s . On a year-on-year basis, capacity expanded by 52%. With a deleveraged balance sheet, Bitfarms is positioned for further growth. STNG Scorpio Tankers $47.05 MNSO MINISO Group $15.94 DOX Amdocs $94.53 DRS Leonardo DRS. $15.33 ASC Ardmore Shipping $11.88 AKRBF Aker BP ASA $21.90 BITF Bitfarms $1.21 On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Sleeper Stocks to Buy Before Investors Wake Up appeared first on InvestorPlace .', 'A deeper scan of the markets will often reward investors with undervalued sleeper stocks to buy. These are the very stocks that\xa0are fundamentally sound and have an attractive business model. And yet, many of these stocks have still not caught the eye of investors. Eventually, they will. \xa0And I believe that some of the top sleeper stocks will be poised for multi-bagger returns. I also believe these ignored stocks have a clear valuation gap. That being said, let’s jump into seven of the undervalued sleeper stocks to buy today.\nSource: Zurijeta / Shutterstock.com\nScorpio Tankers(NYSE:STNG) is one of the top undervalued sleeper stocks to buy. At the moment, it trades at a forward price-earnings ratio of 4.3, with an attractive yield of 2.12%. As an overview, Scorpio is a leading provider of product tankers for refined petroleum products. The company has one of the largest product fleets in the world with 113 eco-vessels that have an average age of 7.2 years.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIn addition, in its third quarter, Scorpio reported revenue of $384.4 million, which washigher by 121% on a year-on-year basis. Further, operating income was $231 million as compared to the prior year period operating losses. With healthy day rates, Scorpio is a cash flow machine. Given the robust numbers, the company increased its quarterly dividend by 25% to 25 cents.\nAlso, with strong cash flows, the company has deleveraged and boosted its cash buffer. It’s worth noting thatfor every $10,000 increase inday rate, the company anticipates an increase of $412 million in cash flows. With a strong tanker market, the outlook is promising.\nSource: shutterstock.com/CC7\nMINISO Group(NYSE:MNSO) is a Chinese company that engages in the retail and wholesale of lifestyle products. MNSO stock has witnessed a significant rally in the last 12 months. However, it remains under the radar of investors, even with an attractive forward price-earnings ratio of 19.7.\nIn my view, there are two major reasons to like this stock. For one, the company reported 5,440 stores as of Q2 2023. Of this,2,115 stores were outside China. The company has also expanded into Asia, Latin America, Europe, and the Middle East. Last year, new store openings were 395. With aggressive new store openings globally, the outlook for revenue growth is robust.\nFurther, the company’sgross margin for Q2 2023was 40%. On a year-on-year basis, the gross margin expanded by 890 basis points. Newly launched products and cost savings contributed to gross margin expansion. With operating leverage, I expect margin expansion to sustain.\nSource: Freedom365day / Shutterstock.com\nAmdocs(NASDAQ:DOX) is another one of the top undervalued sleeper stocks to buy for multi-bagger returns. With a forward price-earnings ratio of 16, the 1.8% dividend yield stock can deliver multi-bagger returns in the next few years.\nThere are two major reasons to like DOCS. First, the company is a provider of software services and solutions to the telecommunications and media industry globally. By 2025, the company expects thetotal serviceable market to be $57 billion. Therefore, there is huge potential for growth acceleration.\nIn addition, Amdocs’ business is a cash flow machine. Last year, the company reported free cash flow in excess of $600 million. For the current year, FCF is expected to be $700 million. Given the industry outlook, FCF will be in excess of $1 billion in the next 24 months.\xa0With strong financial flexibility, Amdocs will be positioned for aggressive organic and inorganic growth. Recently, the companyacquired the service assurance businessofTEOCOfor a consideration of $90 million in cash.\nSource: Chompoo Suriyo / Shutterstock.com\nLeonardo DRS(NASDAQ:DRS) is another top sleeper stock poised for growth. The emerging player in the defense sector looks undervalued even after a rally of 25% for year-to-date 2023.\xa0As an overview, the company’s focus areas include advanced sensing, network computing, force protection, and electric power & propulsion. Last year, the company reported revenue and EBITDA of $2.75 billion and $323 million respectively.\nIn addition, anorder backlog of $4.3 billionprovides clear revenue visibility. Further, with a net-leverage ratio of 1.5, the company has ample financial flexibility for organic and acquisition-driven growth. Also,\xa0Leonardo won the 2023 Herschel Award for its role in thedevelopment of advanced infrared detectors. Innovation is the key factor that’s likely to drive business scalability in the coming years.\nSource: AdityaB. Photography/ShutterStock.com\nArdmore Shipping(NYSE:ASC) stock is another undervalued name flying under the radar. To put things into perspective, the 6.72% dividend yield stock trades at a forward price-earnings ratio of 3.8. I would not be surprised if ASC stock doubles in the next 12 months.\nThe company is involved in the seaborne transportation of petroleum products and chemicals globally. A key reason to be bullish is positive industry tailwinds. The company’s MR tankersearned $37,500 per day in Q1 2023. With cash breakeven at $14,500 per day, the EBITDA margin was robust. Even for Q2 2023 (to date), the time charter rate has been strong at $34,000.\nEven beyond Q2, time charter rates are likely to remain strong. One reason is European Union refined product embargo. This has resulted in route inefficiencies and higher tonne-miles. Overall, Ardmore has a strong balance sheet and liquidity buffer. With cash flow visibility, there is headroom for sustained dividends, deleveraging, and fleet expansion.\nSource: ImageFlow/Shutterstock.com\nAn undervalued sleeper stock that deserves attention isAker BP ASA(OTCMKTS:AKRBF). With a price-earnings ratio of 9.9, the stock also offers a dividend yield of 9.6%. In addition,\xa0Aker BP is a value creator, with high-quality oil assets with a low break-even point. To put things into perspective, Aker reported revenue of $3.3 billion for Q1 2023. For the same period, EBITDA was $2.9 billion. This has translated intooperating cash flow after taxof $1.7 billion.\xa0Even with oil trading around $70 to $80, the company is positioned to deliver annualized OCF of $7 billion. This provides ample headroom for dividend growth and aggressive investment in exploration activity.\nLet’s also talk briefly about the penny stockBitfarms(NASDAQ:BITF). Thanks to a brutal crypto winter, investors have stayed away from miners, like BITF. \xa0However, with the price ofBitcoin(BTC-USD) expected to come back strong, it could eventually boost the BITF stock. In fact, I believe BITF could\xa0deliver 5x or 10x returns if Bitcoin trades near all-time highs in the next 12 to 24 months.\nOne reason to like Bitfarms is the fact that the company is a low-cost Bitcoin miner. For Q1 2023, the company reported revenue and EBITDA of $30.1 million and $6.3 million respectively. I expect EBITDA margin expansion to sustain.\xa0Another reason to like the company is its aggressive mining capacity expansion. As of April, Bitfarmsreported a capacity of 5EH/s. On a year-on-year basis, capacity expanded by 52%. With a deleveraged balance sheet, Bitfarms is positioned for further growth.\n[{"STNG": "MNSO", "Scorpio Tankers": "MINISO Group", "$47.05": "$15.94"}, {"STNG": "DOX", "Scorpio Tankers": "Amdocs", "$47.05": "$94.53"}, {"STNG": "DRS", "Scorpio Tankers": "Leonardo DRS.", "$47.05": "$15.33"}, {"STNG": "ASC", "Scorpio Tankers": "Ardmore Shipping", "$47.05": "$11.88"}, {"STNG": "AKRBF", "Scorpio Tankers": "Aker BP ASA", "$47.05": "$21.90"}, {"STNG": "BITF", "Scorpio Tankers": "Bitfarms", "$47.05": "$1.21"}]\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• Did Elon Musk Just Trigger a New Netscape Moment?\n• The $1 Investment You MUST Take Advantage of Right Now\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe post7 Sleeper Stocks to Buy Before Investors Wake Upappeared first onInvestorPlace.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remained below $27K, but an analyst says that the largest crypto by market value is in an "accumulation phase."\nInsights:BRC-20 tokens reach toward a $500 million market cap, and Glassnode data shows that they continue to be a lucrative source of fees for miners.\nCoinDesk Market Index (CMI)\n1,164\n−13.3▼1.1%\nBitcoin (BTC)\n$26,835\n−317.2▼1.2%\nEthereum (ETH)\n$1,869\n−9.2▼0.5%\nS&P 500\n4,221.02\n+41.2▲1.0%\nGold\n$1,993\n+28.6▲1.5%\nNikkei 225\n31,148.01\n+260.1▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,164", "\\u221213.3\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,835", "\\u2212317.2\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,221.02", "+41.2\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,993", "+28.6\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,148.01", "+260.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Hits an "Accumulation Phase"\nCrypto prices remained lethargic as Asia markets opened Friday.\nBitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, at least short-term. The Senate will likely vote on the bill late Thursday night (ET).\nBut in an email to CoinDesk, Bob Baxley, the CTO of DeFi infrastructure platform Maverick Protocol, wrote that crypto markets may now have to reckon with a U.S. Treasury having to replenish its general account, which has shrunk in recent months. That could sap liquidity otherwise available for digital asset investments.\n“The risk here is that the roughly trillion dollars flowing back into the general account could suck a tremendous amount of liquidity out of the market," Baxley wrote. "Something like this happened in 2019, and the strain placed on the market basically compelled the Federal Reserve to step in and add emergency liquidity to prevent a full-blown crisis. So, in short, just because a deal has been reached doesn’t mean we are out of the woods yet."\nEther, the second largest crypto in market value, was recently trading at about $1860, up 0.6% over the past 24 hours. ETH spent part of Thursday in the green on a day when most assets dithered in negative territory. GRT, the token of the The Graph indexing protocol and popular memecoin SHIB tumbled more than 7% and 4%, respectively. But litecoin continued its recent winning ways to rise more than 3%. LTC has risen 7.5% over the past 30 days as investors eyed its halving two months away and increased trading activity.\nRead More:Litecoin Starts June Strong as Investors Eye August Halving, Uptick in Activity\nIn its opening hour Friday, the Nikkei Index rose about 0.6%. U.S. equities closed largely up, despite ongoing concerns about the inflation and the potential for more hawkish interest rate hikes this year.\nMaverick\'s Baxley wrote optimistically that crypto investors seem "to be a general accumulation phase."\n"The moving averages are pointing to neutral or perhaps a little more bullish, suggesting that we are in the process of building another foundation for another leg upwards," he wrote, noting that markets had already priced in potential U.S. central bank rate hikes, which in the past have shaken prices.\nHe added: "What matters most in this day and age is liquidity. And much of what plays out in the coming weeks likely depends on how carefully the Treasury can carry out its replenishing process. Most investors are taking a rather cautious approach right now as a result, I suspect.”\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+2.2%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+1.6%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22123.3%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22121.7%", "DACS Sector": "Computing"}]\nBRC-20 tokens are pushing toward a market cap of $500 million, and new data from Glassnode shows that they continue to be a lucrative source of fees for miners.\nAccording to on-chain data, inscriptions now account for 25% of all transaction fees and roughly 40% of all transactions on the Bitcoin blockchain.\nWhile inscriptions remain controversial within the broader bitcoin community, for miners they’ve been a boon.\nA miner\'s revenue comprises two elements: block rewards, currently 6.25 BTC ($167,709), and transaction fees that fluctuate based on network demand, with fees traditionally being lower than rewards since 2017.\nData from CryptoQuant shows that the fees-to-reward ratio for bitcoin miners has swung in favor of miners thanks to inscriptions and ordinals.\nThe fees-to-reward ratio is up to 7.22%, compared to an average of around 2-3% earlier this year.\nAs an example of how this is helping miners’ bottom line, over the last three months, bitcoin has risen 16% while Valkeryie’s mining ETF, WGMI,is up a whopping 42%.\nHowever, this might not last forever, as the unexpected surge in miners\' revenue may be short-lived due to high transaction fees driving users toward alternatives like the Lightning Network and stablecoins.\nIt didn’t go unnoticed when Binance had topause withdrawals twice in one day.\n8:30 p.m. HKT/SGT(12:30 UTC)United States Average Hourly Earnings (YoY/May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Nonfarm Payrolls (May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Unemployment Rate (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Starts June Dropping Back Below $27K; State of Crypto in Hong Kong\nBitcoin (BTC) and the broad cryptocurrency market sold off for the second consecutive day on Thursday, with fears over inflation and continued rate hikes resurfacing. Todd Groth, CFA, CoinDesk Indices head of index research, shared his crypto markets analysis. Plus, InvestHK head of financial services and fintech King Leung discussed Hong Kong\'s state of crypto as the country\'s securities regulator begins accepting applications for crypto trading platform licenses. And, Nestcoin co-founder Yele Bademosi shared his reaction to crypto adoption and innovation in Nigeria.\nMakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase:The protocol’s community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.\nNike Is Bringing Its .SWOOSH NFTs to EA Sports Games:The sportswear giant and game publisher Electronic Arts are partnering to build new immersive experiences in the EA Sports gaming ecosystem.\nAs Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens:The actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.\nGameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy:The leading game retailer will distribute Telos-based games on its forthcoming Web3 gaming launchpad, GameStop Playr.\nSui Blockchain Signs Multiyear Deal With Red Bull Racing:Sui will roll out a series of digital experience for racing fans over the coming months.\nBitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M:The company has been busy scooping up assets during the crypto bear market, but discounts may be slimming.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remained below $27K, but an analyst says that the largest crypto by market value is in an "accumulation phase."\nInsights:BRC-20 tokens reach toward a $500 million market cap, and Glassnode data shows that they continue to be a lucrative source of fees for miners.\nCoinDesk Market Index (CMI)\n1,164\n−13.3▼1.1%\nBitcoin (BTC)\n$26,835\n−317.2▼1.2%\nEthereum (ETH)\n$1,869\n−9.2▼0.5%\nS&P 500\n4,221.02\n+41.2▲1.0%\nGold\n$1,993\n+28.6▲1.5%\nNikkei 225\n31,148.01\n+260.1▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,164", "\\u221213.3\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,835", "\\u2212317.2\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,221.02", "+41.2\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,993", "+28.6\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,148.01", "+260.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Hits an "Accumulation Phase"\nCrypto prices remained lethargic as Asia markets opened Friday.\nBitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, at least short-term. The Senate will likely vote on the bill late Thursday night (ET).\nBut in an email to CoinDesk, Bob Baxley, the CTO of DeFi infrastructure platform Maverick Protocol, wrote that crypto markets may now have to reckon with a U.S. Treasury having to replenish its general account, which has shrunk in recent months. That could sap liquidity otherwise available for digital asset investments.\n“The risk here is that the roughly trillion dollars flowing back into the general account could suck a tremendous amount of liquidity out of the market," Baxley wrote. "Something like this happened in 2019, and the strain placed on the market basically compelled the Federal Reserve to step in and add emergency liquidity to prevent a full-blown crisis. So, in short, just because a deal has been reached doesn’t mean we are out of the woods yet."\nEther, the second largest crypto in market value, was recently trading at about $1860, up 0.6% over the past 24 hours. ETH spent part of Thursday in the green on a day when most assets dithered in negative territory. GRT, the token of the The Graph indexing protocol and popular memecoin SHIB tumbled more than 7% and 4%, respectively. But litecoin continued its recent winning ways to rise more than 3%. LTC has risen 7.5% over the past 30 days as investors eyed its halving two months away and increased trading activity.\nRead More:Litecoin Starts June Strong as Investors Eye August Halving, Uptick in Activity\nIn its opening hour Friday, the Nikkei Index rose about 0.6%. U.S. equities closed largely up, despite ongoing concerns about the inflation and the potential for more hawkish interest rate hikes this year.\nMaverick\'s Baxley wrote optimistically that crypto investors seem "to be a general accumulation phase."\n"The moving averages are pointing to neutral or perhaps a little more bullish, suggesting that we are in the process of building another foundation for another leg upwards," he wrote, noting that markets had already priced in potential U.S. central bank rate hikes, which in the past have shaken prices.\nHe added: "What matters most in this day and age is liquidity. And much of what plays out in the coming weeks likely depends on how carefully the Treasury can carry out its replenishing process. Most investors are taking a rather cautious approach right now as a result, I suspect.”\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+2.2%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+1.6%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22123.3%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22121.7%", "DACS Sector": "Computing"}]\nBRC-20 tokens are pushing toward a market cap of $500 million, and new data from Glassnode shows that they continue to be a lucrative source of fees for miners.\nAccording to on-chain data, inscriptions now account for 25% of all transaction fees and roughly 40% of all transactions on the Bitcoin blockchain.\nWhile inscriptions remain controversial within the broader bitcoin community, for miners they’ve been a boon.\nA miner\'s revenue comprises two elements: block rewards, currently 6.25 BTC ($167,709), and transaction fees that fluctuate based on network demand, with fees traditionally being lower tha Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,653,416,150 - Hash Rate: 417687139.0684004 - Transaction Count: 479437.0 - Unique Addresses: 721266.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Production grew month over month at 37.35 bitcoin Operations achieved 91.0 BTC/EH efficiency Uptime was 94 % For March 2023 Bitcoin produced 1Q23 were 110.25 Toronto, Ontario--(Newsfile Corp. - April 17, 2023) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), dedicated to becoming the leading carbon-neutral Bitcoin mining company operating at an industrial scale, provides results of its Bitcoin mining operation for the month ended March 31, 2023. CEO Comments "We produced bitcoin at a steady rate during March. We are proud to announce a partnership with Rebel Mining who will be taking a large portion of our fleet. Their depth and breath of experience make them a perfect partner to deploy the rest of our fleet. With the miners currently being deployed to Missouri in March and April, our fleet will be fully homed, and upon energization, we will be at approximately 1.5EH/s. We believe we will have a significant portion of this EH/s energized by end of May." Said Patricia Trompeter, CEO of Sphere 3D. "We are looking forward to working with Rebel as we install and energize the remainder of our Fleet." "Rebel Mining Company has state of the art facilities managed by a world class leadership team. We are excited to partner with Sphere 3D who will deploy in our Missouri and Texas facilities over the next 30 - 60 days. We look forward to getting them energized and bringing our depth of crypto mining knowledge to Sphere. Our commitment to our customers and a high operational standard sets us apart in this industry and we are looking forward to working together." Said Neil Galloway, COO Rebel Mining. Compute North Update We continue to work with Compute North and their bankruptcy lawyers for the return of our deposit through the Chapter 11 process. As previously disclosed, we filed our financial claim with the US Bankruptcy Court in February 2023, and must wait for the process to continue. Miner Delivery Update We have begun deployment to several hosting partners for May energization. We are currently deploying miners to a facility in Missouri for anticipated energization in May. In addition, we expect to deploy the remaining fleet to an existing hoster be hashing in the next 60 days. With deployments above, we will have successfully placed the majority of our fleet. Core Scientific Update As previously disclosed by the Company, Sphere 3D filed an arbitration request against Core Scientific ("Core") on its claim for the non-refunded portion of the Company's advanced deposits. Core subsequently filed for restructuring under Chapter 11 on December 21, 2022, citing burdensome debt obligations as a result of rising energy prices and the decline in the price of bitcoin. We continue to work with the US Bankruptcy court to monitor the progress. Sphere 3D has engaged counsel and is vigorously pursuing every available option to recover its funds. Story continues Bitcoin Production and Holdings Update In March 2023, Sphere 3D produced 37.35 Bitcoin, or 1.20 per day. Sphere 3D's mining fleet operated at 91.0 BTC/EH efficiency. During March 2023, the Company employed a Hybrid strategy of liquidating during bitcoin price upswings and HODL for the remainder of its holdings. The Company used approximately 28.33 Bitcoin during the month to fund working capital, and prepaid hosting deposits for our S19J Pros. Bitcoin held by the Company represents a fair market value of approximately $0.6 million based on the Bitcoin price of $28,489 on March 31, 2023. As of March 31, 2023, the Company was operating approximately 4,330 S19j Pros miners delivering a production capacity of approximately 446 PH/s. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1705/162628_sphere_fig1.jpg CEO Closing Remarks "We continue to make progress as we deploy the rest of our fleet. When fully energized we increase our production to 1.5 EH/s. We focused on execution in March to prepare ourselves for a strong second quarter. I am excited to get all 1.5EH/s up and going in second quarter, and our efforts in the first quarter made this possible!" About Sphere 3D Sphere 3D Corp. (NASDAQ: ANY) is a net carbon-neutral cryptocurrency miner with decades of proven enterprise data-services expertise. The Company is growing its industrial-scale mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with best-in-class data center operators. Sphere 3D is dedicated to growing shareholder value while honoring its commitment to strict environmental, social, and governance standards. For more information about the Company, please visit Sphere3D.com . Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally related to future events including the timing of the proposed transaction and other information related proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "experts," "plans," "anticipates," "could," "intends," "target," "project," "contemplates," "believes," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions. Expectations and beliefs regarding matters discussed herein may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from the projected. The forward-looking statements contained in this communication are also subject other risks and uncertainties, including those more fully described in filings with the SEC, including Sphere 3D's reports filed on Form 10-K and Form 8-K and in other filings made by Sphere 3D with the Sec from time to time and available at www.sec.gov . These forward-looking statements are based on current expectations, which are subject to change. Sphere 3D Contacts Kurt Kalbfleisch CFO, Sphere 3D [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162628 View comments... - Reddit Posts (Sample): [['u/phthird', 'What is the safest mobile wallet for BTC right now?', 36, '2023-06-02 00:33', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/', "Hey. I want to store my Bitcoin in the most trusted wallet on iOS right now. By that I mean that it has the best security in it, is not hacked, reliable and has a good reputation etc. Obviously, a non-custodial one.\n\nBecause I recently heard the news about Ledger, and in general the situation changes every month, I would like to know what is considered the best option for safe storage on iOS of Bitcoin nowadays.\n\nI am currently considering Blockstream Green, but would love to hear what you think and decide. Thank you all so much for your help!\n\nIf anything, I don't have the ability to buy a hardware wallet. Only from intermediaries, which makes no sense at all in this case. The amount of Bitcoin, however, is not so high to bother so much.", 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/', '13xvini', [['u/Different-Limit-2683', 27, '2023-06-02 00:54', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/jmjhwi6/', 'Check BlueWallet.', '13xvini'], ['u/JBL709', 25, '2023-06-02 02:31', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/jmjv4bi/', 'Blockstream Green', '13xvini'], ['u/Efficient_Diet_7839', 11, '2023-06-02 05:58', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/jmkl10f/', 'Exodus. Amazing and responsive customer support too', '13xvini']]], ['u/middlemangv', "It doesn't matter how strong the project of the coin you invested in is, maybe it will resist a little at times, but eventually it will follow the price of Bitcoin. If Bitcoin goes down, the rest will follow.", 132, '2023-06-02 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/', 'Maybe that\'s what makes people call all the other cryptocurrencies as "altcoins". \n\nI think that it is clear to all of us, and it is also obvious, that no matter how good the project is, if Bitcoin goes down with the price, eventually the entire market will be painted in red. \n\nPeople say that one of the biggest reasons for this is trading pairs that favor Bitcoin, considering that most trading pairs are in BTC. So when Bitcoin goes down, so do trading pairs. \n\nAnother reason is the dominance of Bitcoin, i.e. the number or value of the entire crypto market capital, where Bitcoin leads with 44.2%. \n\n> "As of today, the market cap of Bitcoin (BTC) is at $521 Billion, representing a Bitcoin dominance of 44.22%. Meanwhile, Stablecoins\' market cap is at $130 Billion and has a 11.05% share of the total crypto market cap." - CoinGecko\n\nMost people see Bitcoin as the leader in the world of cryptocurrencies. Bitcoin is literally a market indicator and no matter how good the project you invested in is, possibly in the long run it will follow the price of Bitcoin. If Bitcoin collapses, it would be equivalent to a tsunami in the cryptocurrency market. The crypto market is closely tied to Bitcoin. \n\n[Bitcoin dominance](https://preview.redd.it/arthfuough3b1.png?width=1763&format=png&auto=webp&v=enabled&s=c20d1c5ef4468d25b8133ebd19fd882ed68e690e)', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/', '13xvtmv', [['u/Napoleon_246', 10, '2023-06-02 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjgwaj/', 'It can be beneficial to find good alts before the masses catch onto them, however, we all must remember that at the end of the day, Bitcoin is King.', '13xvtmv'], ['u/cashpig000', 17, '2023-06-02 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjhr7i/', "It's not difficult to understand btc maxis. I'm becoming one myself, this bear market showed me this.", '13xvtmv'], ['u/Calm_Lemonade', 12, '2023-06-02 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjhutf/', 'I’m hoping for even higher Bitcoin dominance. \n\nAlso, don’t be like me and pick a coin that doesn’t go up when Btc does but gets absolutely demolished when it goes down.', '13xvtmv'], ['u/Tasigur1', 67, '2023-06-02 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmji1ez/', "Wait OP, so you are saying BTC is leading the crypto market and other coins will follow the price of BTC?!\n\nThat's a daring thesis 😅", '13xvtmv'], ['u/Baecchus', 29, '2023-06-02 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjvbdx/', 'Not to brag but my shitcoins can go down even while BTC is going up. I must be soing something right.', '13xvtmv']]], ['u/Mr_DigDeeper', 'Gradually, Then Suddenly…Bitcoin Adoption.', 25, '2023-06-02 01:59', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/', 'All I can say is that these prices won’t last. You get in at the price you deserve. \n\n\nGradually, then suddenly.\n\n#Bitcoin Adoption', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/', '13xxihe', [['u/Baileus', 10, '2023-06-02 08:00', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jmkwhk0/', 'DCA', '13xxihe'], ['u/Kasegigashira', 18, '2023-06-02 09:27', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml3bwk/', 'You sound like a guy who ends up buying at 40k instead of now.', '13xxihe'], ['u/edislucky', 10, '2023-06-02 09:54', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml5c76/', "I bought at 2k but sold all at 5k because I didn't understand it and thought it couldn't possibly ever ever go higher than that! \n\nYou buy at the price that moment, you HODL the price you deserve.", '13xxihe'], ['u/Loafmanuk', 13, '2023-06-02 10:15', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml6v6i/', "For Bitcoin to hit 5k again, the world will have to become a really shitty place, really quickly.\nI'm not saying it won't happen, anything is possible with these fucking psychopaths pulling the strings, but I for one hope we don't have to see that.", '13xxihe'], ['u/Mr_DigDeeper', 12, '2023-06-02 10:34', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml87kv/', 'I think 16k was the bottom in November', '13xxihe']]], ['u/WineglassConnisseur', 'Why aren’t y’all stacking?', 29, '2023-06-02 02:46', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/', 'How much is everyone stacking? At current prices, ~$250 million Bitcoin is created by mining every month.\n\nIt would take just $50 from every hodler in this subreddit in order to eviscerate this new supply. So again, why aren’t y’all stacking?', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/', '13xyjua', [['u/highspeed717', 55, '2023-06-02 02:53', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmjy1fe/', "I'm doing my part!!", '13xyjua'], ['u/clue5tick', 20, '2023-06-02 03:03', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmjz9qu/', "Maybe we've progressed. Maybe we're concentrating on building a strong, circular economy that we can rely on, instead of just repeating get-rich slogans?", '13xyjua'], ['u/Abundance144', 88, '2023-06-02 03:10', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmk089e/', "Why you assuming we aren't stacking?", '13xyjua'], ['u/covfefeer', 50, '2023-06-02 03:50', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmk5kbw/', 'I think your math is wrong. 900 bitcoin per day x $27000 = 24.3 million per day * 30 days = 729million', '13xyjua'], ['u/karl0525', 16, '2023-06-02 04:18', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmk98av/', 'Got me some Asics going brrrrrr. Does that count?', '13xyjua'], ['u/Skouaire', 12, '2023-06-02 04:34', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkbak0/', "I have now enough coins.\n\nI'm investing elsewhere.\n\nMy newly acquired house, my newly found buisness, and my collectible car collection.\n\nLife's great, I don't need to be a billionaire after all.", '13xyjua'], ['u/lordsamadhi', 12, '2023-06-02 04:49', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkd42p/', "I'm doing my part.", '13xyjua'], ['u/willmyfordmakeit', 20, '2023-06-02 04:50', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkda39/', 'Imagine not buying rn. Whose this guy think he is?', '13xyjua'], ['u/Skouaire', 25, '2023-06-02 05:01', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkemsp/', "My buisness accepts Bitcoin payments since 1 or 2 years. Something like that.\n\nI own a garage in western Europe. Guess how many times I've been paid in BTC ?\n\nZero.", '13xyjua'], ['u/CupNoodlesKing', 16, '2023-06-02 05:12', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkfwy8/', 'I have no more money', '13xyjua'], ['u/quityourcunting', 13, '2023-06-02 07:21', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkt1z6/', 'The only good bug is a dead bug!', '13xyjua'], ['u/WineglassConnisseur', 24, '2023-06-02 07:59', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkwg0c/', 'I am retarded, so..', '13xyjua'], ['u/Skouaire', 11, '2023-06-02 12:54', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmliv4u/', 'Yeah I ask my clients (mostly privates or really small companies) if they wanna pay in BTC, credit card or IBAN. I don\'t take checks except if it\'s direct from the bank. I have a small notice on the counter to tell them I\'m accepting BTC and I always ask if they want to pay in BTC. Most of them don\'t even know what it is but that\'s how you get them to slowly change their PoV. They hear it once here, once there, then maybe they\'ll finally go on google to ask "What is bitcoin ?". I believe in adoption this way.\n\nI really hope I will get paid in BTC someday, I thought it would happen before. I was also thinking for a long time about a 5% rebate if they choose BTC but I decided not to.\n\nAnyway if you\'re looking for a used car, or any kind of repair on yours and want to spend BTC\'s. I\'m in nothern France and i\'m available for your wildest needs. Car-wise, of course. ;)', '13xyjua']]], ['u/silent_tongue', 'How not to get distracted from a core portfolio?', 14, '2023-06-02 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13xywb2/how_not_to_get_distracted_from_a_core_portfolio/', "I made kinda a plan to focus on buying only a couple of coins for the next few months/years just to build a bag for the next run as I realised I might have been too 'diversified' (which really just means I'm easy to shill) to really make any good money. \n\nMy planned core portfolio is gonna to be made up of \n- BTC 40% - for obvious reasons \n- ETH 30% - same as above \n- Atom 20% - ICS, potential airdrops\n- Kuji 10% - love ORCA and the whole ecosystem the team is building \n\nBut there's just so much noise and 'cheap' buys that I just keep ending up buying or tempted to buy coins for a potential quick buck such as \n\n- ARB at 1.10+\n- Near at 1.50+\n- matic below 0.9\n- avax at $14+\n\nWhat's your strategy for tuning out these temptation as I simply can't stick to my portfolio monthly!", 'https://www.reddit.com/r/CryptoCurrency/comments/13xywb2/how_not_to_get_distracted_from_a_core_portfolio/', '13xywb2', [['u/Napoleon_246', 18, '2023-06-02 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13xywb2/how_not_to_get_distracted_from_a_core_portfolio/jmjzodj/', 'Diversification is good but too much can be bad for a smaller portfolio.', '13xywb2']]], ['u/DavidC2722', 'Scratched', 45, '2023-06-02 04:13', 'https://www.reddit.com/r/Currencytradingcards/comments/13y0d4m/scratched/', '.01 BTC', 'https://www.reddit.com/gallery/13y0d4m', '13y0d4m', [['u/WreckYoCrew', 10, '2023-06-02 04:28', 'https://www.reddit.com/r/Currencytradingcards/comments/13y0d4m/scratched/jmkaid1/', 'Not 100% sure it matters, but you may want to delete the pic of the back and repost with the code covered', '13y0d4m']]], ['u/AutoModerator', '[Daily Discussion] - Friday, June 02, 2023', 24, '2023-06-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/', '13y2fjq', [['u/dopeboyrico', 17, '2023-06-02 06:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmklf9t/', '[Senate passed the bill to raise the debt ceiling.](https://www.cnn.com/politics/live-news/us-debt-ceiling-senate-vote-06-01-23/index.html)\n\nTime for markets to shift back to focusing on inflation data which will guide the Fed’s decision making.\n\nThe month barely started and things are looking a lot better in June with [Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) estimating YoY inflation for June at 3.06% and [Truflation](https://truflation.com) at 2.73%. Fed is likely to pause rate hikes in June and begin cutting later this year so long as actual inflation numbers continue to plummet in the months to come.', '13y2fjq'], ['u/ThorsBodyDouble', 11, '2023-06-02 08:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmkwuyj/', 'Shouldn\'t a "First loser!" AutoBot kick in here? 🤖', '13y2fjq'], ['u/RequestApproved', 10, '2023-06-02 14:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmltvpi/', "Debt deal is done, Spx still grinding upwards, Btc staying flat.\nNot much capital entering markets other than in AI.\nI suspect markets grind up and bears get punished, then naive bulls get punished when we drop.\nRestarting a bull market is difficult, and I don't think we have the conditions for it yet.", '13y2fjq'], ['u/dopeboyrico', 14, '2023-06-02 15:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmly8u1/', 'Opportunity cost. BTC is up 63% YTD. S&P is up 10% YTD. Nasdaq is up 26% YTD.\n\n4%-6% (not YTD, for the entire year) guarantee on bonds or high yield savings accounts means you’re missing out on potentially larger gains elsewhere at a time where we know for a fact that Congress has just passed a bipartisan bill to increase the debt ceiling by another $4 trillion over the next 2 years.', '13y2fjq'], ['u/dopeboyrico', 23, '2023-06-02 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmm2bfj/', 'Nasdaq has broken its local high from August of last year. S&P is less than 2% away from breaking its local high from August.\n\nThat’s the marker where a lot of TradFi bears will flip risk-on. Bullish.', '13y2fjq'], ['u/delgrey', 17, '2023-06-02 15:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmm3nm4/', 'Just bear market things Bitcoin is dead again!', '13y2fjq'], ['u/stripesonfire', 16, '2023-06-02 16:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmm9njl/', 'Take whatever your savings rate is and subtract year of year inflation. Your savings rate isn’t as good as you think', '13y2fjq'], ['u/Westbrook_Level', 13, '2023-06-02 18:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmmqudr/', 'BTC did a 20x last cycle, I don’t really care about making 5% bonds type gains.\n\nhttps://www.atlantafed.org/cenfis/market-probability-tracker\n\nNor are these rates expected to stay. I like the looks of those 3% rates right about time for BTC to do another bull run year.', '13y2fjq'], ['u/_supert_', 24, '2023-06-02 19:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmmzmi9/', "You guys don't like to hear it from Mosler and the MMT gang.\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmj8tro/\n\nMaybe when Arthur says the same thing, you'll listen.\nhttps://blog.bitmex.com/patience-is-beautiful/\n\n[edit]\nSome good points from Arthur though:\n\n- bank assets impaired by rising rates\n- banks can use BTFP but then will not be able to increase depositor base\n- without more depositors, can't buy more trashuries \n- Treasury will issue at and roll into front end where the demand is\n- this will increase interest expense\n- will also further impair LT debt assets ... like the banks hold\n- high short term rates will continue to cause private sector deleveraging\n- higher interest expense outweighs all other effects and increases money supply\n- result is more inflation", '13y2fjq'], ['u/Westbrook_Level', 16, '2023-06-02 20:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmnawbh/', 'upvoted for trashuries', '13y2fjq'], ['u/logicalinvestr', 12, '2023-06-02 21:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmnj7g0/', 'Weekend prediction: stocks have been doing well and BTC has been lagging. With the market closed on the weekend, I predict a lot of the stock "winnings" will be rotated into BTC and we\'ll see some upside. Then people will rotate from BTC back into stocks next week. Rinse and repeat as long as stocks keep going up.', '13y2fjq']]], ['u/rBitcoinMod', 'Daily Discussion, June 02, 2023', 29, '2023-06-02 08:06', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13xav26/lightning_thursday_june_01_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/', '13y4n3i', [['u/Bad_Camel', 10, '2023-06-02 14:14', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmlqy3n/', "No use at all? Strange, I've been successfully using it as a savings account for many years, and also pay certain utilities with it every month. \n\nIn fact, I hold as little depreciating fiat money as possible. I don't really like how govs continuously steal from us through money printing. But hey, it's convenient, right?", '13y4n3i'], ['u/escodelrio', 10, '2023-06-02 15:16', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmlyf0f/', "Historical Bitcoin prices for today, June 2nd:\r \n\r \n2023 - $27,091\r \n2022 - $30,456\r \n2021 - $37,556\r \n2020 - $9,528\r \n2019 - $8,729\r \n2018 - $7,647\r \n2017 - $2,493\r \n2016 - $537\r \n2015 - $226\r \n2014 - $656\r \n2013 - $123\r \n2012 - $5.3\r \n2011 - $10.6\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/02/2023 is $9,135.51.", '13y4n3i'], ['u/cubeeless', 12, '2023-06-02 16:19', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmm771p/', 'BTC to $300k!', '13y4n3i'], ['u/hateschoolfml', 14, '2023-06-02 17:25', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmmh4lq/', '“History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours.” - Saif', '13y4n3i'], ['u/Just1_More', 13, '2023-06-02 18:26', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmmqkx5/', "It's 14 years old and growing at its fastest rate yet. Hash power is constantly making new highs, and more nodes are coming online rapidly.\n\nBitcoin is a solid foundation, and growth is happening on top of this. You clearly aren't keeping up.", '13y4n3i']]], ['u/cactus_jackk1908', 'Quant is up 21% in the last 7 days', 27, '2023-06-02 10:39', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/', 'Anyone know the reason why QNT price goes up while BTC goes down? Will I get FOMO if I buy QNT? QNT and RBIF are two projects with the most stable growth in the market. I am considering these 2 projects for long term investment. Can anyone suggest me a good point? \n ', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/', '13y730w', [['u/KaminaSan', 14, '2023-06-02 12:23', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/jmlg86v/', 'QNT was also down 25% in the last month . Never really recovered from the hack.', '13y730w'], ['u/cmomkong', 17, '2023-06-02 17:37', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/jmmizbg/', 'if your goal is to sell QNT at 5k then this is a good time to buy. Keep stacking bois', '13y730w']]], ['u/KlemenKisi', 'Buying established alts doesnt pay off', 25, '2023-06-02 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/', 'This might be an unpopular opinion but I do think that "diversifying" the portfolio with alts might be just useless. \n\nAlts follow BTC trend like almost all the time. Why would I be risking another LUNA or something similar, when I can just buy BTC? It is the safest investment in crypto space. If BTC goes to shit, everything else will aswell.\n\nThere are alts with small market cap that dont follow BTC yet. These are a gamble and you can get good gains or just lose money.\n\nBut like top 50 alts just follow BTC trends. Why would I diversify my portfolio if that means I actually risk more for similar gains? \n\nDont get me wrong, I know that we need alts for smaller fees or faster transactions, but if you go into crypto as just an investment, better to just buy BTC or gamble on small cap alts. \n\nRant over.', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/', '13y8efl', [['u/Calm-Cartographer677', 20, '2023-06-02 12:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlf0e2/', "We're all just waiting for the legendary Alt Season", '13y8efl'], ['u/_Beta-Male_', 10, '2023-06-02 12:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlf461/', 'Okay in october ADA was .10 and Bitcoin 11k\n\nAth of ADA is 3.09 so that is like 30x\n\nBuying alts in the top 50 still pays off', '13y8efl'], ['u/Every_Hunt_160', 33, '2023-06-02 12:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlfqkk/', 'You’re probably new to the crypto markets. Yes, so far it hasn’t been paying off in a bear market.\n\nThat’s because the trend in crypto bear markets is that Bitcoin dominance goes up, and a large majority of alts underperform BTC and crash even harder than BTC in the bear.\n\nHowever, in a bull market Bitcoin dominance drops, and when that happens we enter what is called ‘alt-season’ - this is where many alts in the top 100 would actually outperform Bitcoin and give greater gains for that period.\n\nTake it as you will, but this has been a consistent trend for the crypto markets ever since 2011. And the trend has stayed for this current bear market, and will most probably will still continue come the next bull market.\n\nEdit: And I’m being downvoted for.? For speaking on a well established market cycle ?', '13y8efl'], ['u/Sugar_Phut', 10, '2023-06-02 12:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlfqvr/', 'Tell me you bought the top without telling me you bought the top', '13y8efl'], ['u/Every_Hunt_160', 25, '2023-06-02 12:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlfxp6/', 'Alt season doesn’t start before bull season.\n\nHistorically it’s paid off the accumulate Bitcoin (and also Eth) during the bear market, then convert that BTC to alts after the bull market starts and just before alt season/beginning of alt season. \n\nThat has been the most viable strategy from our lessons from historical bull and bear markets.', '13y8efl'], ['u/Calm-Cartographer677', 15, '2023-06-02 12:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmli1cf/', "I agree, although I can never bring myself to swap my precious BTC for alts. \n\nInstead I'll flip my DCA from BTC to alts when my alt season senses are tingling!", '13y8efl'], ['u/RHINO_HUMP', 12, '2023-06-02 12:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmli7lc/', 'OP has a dumb take. Buying alts for the short term might be less fruitful, but most established alts will outperform BTC during the next bull market. Take Doge at $0.07. Even if it hit its previous high of $0.73, that would be 10x. BTC is not likely to 10x from where it is now.\n\nWhere people like OP fail, they get discouraged when alt prices don’t move much in 2023-2024 and want to hop on the BTC train because it will make some good gains during that same timeframe. But the better long term buy is still established alts.', '13y8efl'], ['u/FvckUTwitter', 19, '2023-06-02 13:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlkz6e/', "Put ur little $1k in Bitcoin and when it hit $60k y'all have $2500 when it hit $140k Bitcoin you'll have $5k. The everyday working American will not be well off with Bitcoin.", '13y8efl'], ['u/_cryptodon_', 15, '2023-06-02 13:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmll38g/', ">plan is to sell Altcoins ATH\n\nEh, that's everyones plan but where is ATH", '13y8efl'], ['u/mislav_', 12, '2023-06-02 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmllg5n/', 'Alts can easily do x20 x30 x50, but bitcoin cant because of market cap.\n\nAlso, good altcoins are more advanced tech than bitcoin and some people are investing in the tech. If we will ever see world wide adoption of crypto it wont be bitcoin most likely because tech is slow and expensive.', '13y8efl'], ['u/fishyflu', 10, '2023-06-02 13:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmllyf5/', "Ofc, alts always outperform BTC by a large margin during the altseason. But yeah I'm not a big fan of large alts, I prefer taking chances with smallcaps", '13y8efl'], ['u/binglelemon', 14, '2023-06-02 13:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmllyua/', "My plan is to panic and make irrational decisions. Usually my plans backfire, so I'm trying a new approach.", '13y8efl'], ['u/Eatplaster', 44, '2023-06-02 13:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlmeob/', 'So if Bitcoin goes from $25k to $100k and DOT goes from $5 to $40 who made more money?', '13y8efl'], ['u/The-Francois8', 12, '2023-06-02 13:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmln49m/', 'While I tend to mostly buy Eth and btc, using your example, LUNA went from under $0.01 to over $100\n\nThat’s a 10,000 x return. \n\nThis dream is why people splash around in alts. \n\nThat said, fucking take profits in them. 99+% of them crash eventually. They don’t have the longevity of bitcoin.', '13y8efl'], ['u/Dull_Tough_7149', 37, '2023-06-02 13:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmln8di/', '\n"HODLing alts can be a real grind, but sticking to the plan and trusting those alt season senses is key. I\'ll never trade my precious BTC for alts, but when the time is right and the gains start flowing, I\'ll definitely flip my DCA. Gotta ride that altcoaster and stay 💪', '13y8efl'], ['u/NeroAugustus', 13, '2023-06-02 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlqwmr/', 'That’s the alt coin gamble OP is not willing to risk', '13y8efl'], ['u/Flowering_Cactuar', 15, '2023-06-02 14:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlt5io/', 'Less risk, less reward', '13y8efl'], ['u/KoaIaz', 73, '2023-06-02 14:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlvfyg/', 'I remember reading something like this a few years ago before the last bull run so I consolidated all my alts into btc and ETH. One of the alts was little exchange coin called BNB… Moral of the story don’t listen to reddit.', '13y8efl']]], ['u/Fun-Character1500', 'Algo Lending.', 27, '2023-06-02 12:19', 'https://www.reddit.com/r/algorand/comments/13y8r83/algo_lending/', 'I converted a significant amount of BTC into Algo. First I thought I would just let it sit in my wallet but then I came across Algo lending on AlgoFi and Folks Finance. I wanted the community opinion on which one is better for lending Algo?(APR is almost the same around 6%) and apart from the smart contract risk, is it generally safe?', 'https://www.reddit.com/r/algorand/comments/13y8r83/algo_lending/', '13y8r83', [['u/ctubio', 14, '2023-06-02 13:47', 'https://www.reddit.com/r/algorand/comments/13y8r83/algo_lending/jmlnzto/', 'im on algofi since the beginning while carefully reviewing all their teal code myself; im too lazy to fully review another (and i already fall in love) but folks seems safe too', '13y8r83']]], ['u/EducatorTotal2952', 'Iota Micro & Macro', 48, '2023-06-02 15:04', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/', 'quick backstory; Ive been an IOTA fan from 2017. and it is one of the first cryptos to ever enter in. Seen and did everything in this space. Know every part , every wheel . Know the scams, pumps and dumps, fake news , false promises. You name it. IOTA is this one thing I just cant seem to put aside.\n\nAt this point, after seeing everything I guess the line is crossed for me where I do have to take a stand. Let me explain: truth is I dont know if we are in a bear or a bull market. The btc gives validity to both cases at this point. I dont know if this is the best price to enter for a short or long term. But I do know this is a very decent price. I could point to a big support for IOTA hiding in the walls. Or in the fact that we are now at 93% down from previous peak, or a rising volume, but the truth is, I dont know if any of it means anything. The hype for this project is a long long time dead. The price reflects that. But we are now at that time that we have been waiting for since the inception of this project. We are reaching a maturity where the legos are starting to fit one by one. Will the floodgate happen? I have no idea. Will the saudis take some action with this? Will the EBSI gain some traction for the project? Will the coordicide wake the giant? Maybe. Maybe not. But the fact is despite everything and all the criticism, people behind this project are hardworking, decent folks. It can be seen in the github activity that the development is still in its full swing. And it can be told by the fanatic community of which I am part of that people still believe strongly in the success of this dream. So if anything is to come of crypto in general, I want to be a part of it. And I want to be on a horse that shines the brightest. To me that is IOTA. That is the line that has been drawn. If all this fails, Im not gonna run anymore. Ive made peace with it. And if it succeds, I will be in. So cheers & love to all.', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/', '13yc88w', [['u/alandros', 18, '2023-06-02 15:26', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmlzqpv/', "I'm of the same mindset. I started in crypto with mining Ethereum and I've seen the potential in IOTA since 2017. IOTA takes crypto to a new level and I think it's more exciting than Ethereum. I have my own project I'm working on so I understand how development can take longer and longer than expected as you run into new problems you didn't foresee. So I relate with what IOTA has gone through and can understand how frustrating it can be for an investor who doesn't do development. But IOTA's day will come because all that hard work will culminate in something amazing and that's why I'm all in here.", '13yc88w'], ['u/mislav_', 13, '2023-06-02 15:53', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmm3c6c/', 'Definitely, if i have too choose one crypto as a potential for worldwide adoption that would be iota because of feeless nature, dag and no miners. Lets hope that they will succeed in decentralization and it will be the best tech out there.', '13yc88w'], ['u/patizone', 10, '2023-06-02 18:28', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmmqujo/', 'Less than would make me rich, more than I should have bought.', '13yc88w'], ['u/killtheking111', 10, '2023-06-02 18:34', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmmrqnv/', "Very well written indeed. IOTA's time will come...its now just a waiting game. And I think I amy throw a little more $$ into this just in case !", '13yc88w']]], ['u/customsolitaires', 'Why make it hard when it can be easy? In this case I think its because they want to keep control.', 261, '2023-06-02 16:03', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/', 'May be they are trying to compete against Bitcoin lol.\nTaken from r/brazil', 'https://i.redd.it/relzddez2m3b1.jpg', '13ydplk', [['u/boato11', 94, '2023-06-02 16:09', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmm5mv8/', 'The euro of South America. \n\nAnother shitcoin.', '13ydplk'], ['u/Umpire_State_Bldg', 66, '2023-06-02 16:10', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmm5tvr/', "They want to create money for free which the rest of us have to work for. \n\nThat's fucked up, but most people still lack enough understanding about money to see how fucked up it really is.", '13ydplk'], ['u/turistah', 27, '2023-06-02 16:57', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmcyfa/', "At least in Europe, Germany it's a thing.\n\nHere we have great responsible countries like Argentina and Venezuela.", '13ydplk'], ['u/Late-Alternative-750', 17, '2023-06-02 17:04', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmdwp1/', 'Germany, too, isn’t the same as ten or even five years ago. I’m seeing a fast decline here, in almost all spheres.', '13ydplk'], ['u/turistah', 10, '2023-06-02 17:09', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmeryc/', "Yeah, I'm following you.\n\nBut South America, as a responsible financial perspective is in the shit for a really long time.", '13ydplk'], ['u/sofiarodriguez27', 24, '2023-06-02 17:43', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmjsnv/', "It's like they found the cheat code while the rest of us are still trying to figure out the game.", '13ydplk'], ['u/Bitcoin_Maximalist', 25, '2023-06-02 18:32', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmrhag/', 'and in europe they have spain, italy, greece and some more completely bankrupt nations.', '13ydplk'], ['u/1_Pump_Dump', 18, '2023-06-02 18:49', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmu2xl/', 'The CIA worked hard to make that happen.', '13ydplk']]], ['u/Cjaylyle', 'CMV : Attracting women is like getting a job. Not ALL companies are the same or value the same thing, but most are the same.', 60, '2023-06-02 16:07', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/', 'To have the best chance at getting a job you need to be as efficient as possible, by approaching every application and interview in a broadly similar way.\n\nDress smart to your interview. Be professional and polite and appear competent. Show up early and be confident but not desperate. Ask the right questions and give the right answers.\n\nYour job search will go better if you have extensive experience, and relevant skills. You’re more likely to get a job when you’re already in a job or at least have shown you have had jobs before and not been fired. \n\nNow, MOST companies will respond positively to these things. And it makes sense to approach the job market in this way. But also, yes, there are outliers. Maybe some 90’s kid has formed a start up from his bitcoin profits and values a laid back environment with stoners as his colleagues, and is feeling charitable so wants to give people a chance who never had a job. These anomalies do exist.\n\nIts the same with women. They want you fit, handsome and well dressed. They don’t want somebody who hasn’t had much experience with women, and virgins are a big ick. They want confidence, a man who can lead and take control when needed. They want somebody with options, and somebody who doesn’t reek of desperation, and somebody who demonstrates that whilst you are an option they are interested in that there are other good offers on the table. They don’t want a man who will break down under stress, or a man who can’t hold his own in a social setting. \n\nWhilst I’m sure there are anomalies, MOST women value the same things. The same fundamental qualities in both looks and personality.\n\nSo yes, if you want the most success you’re going to have to buck up and achieve most of these qualities. Or you may strike lucky and meet an anomaly and bag yourself an easy ride. But I truly believe the best advice for men is to follow the advice that’s effective with the most women possible.', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/', '13ydt1a', [['u/LilWongWang', 25, '2023-06-02 16:42', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmam5t/', "It's always considered important to remember that not all men will be able to achieve the same set of idealized prospects, financial/socio-economic prowess, or physiological archetype. From an inherent, mathematical perspective, it simply isn't possible for all (or even most) males to achieve this magnitude of sexual/romantic desirability. \n\nIt's also to be expected that the vast majority of women won't appreciate your vague generalizations regarding their innate sexual preferences. Regardless of your statements' accuracy and validity.", '13ydt1a'], ['u/Ciabatta_Scoober', 12, '2023-06-02 16:53', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmcbta/', ">It's also to be expected that the vast majority of women won't appreciate your vague generalizations regarding their innate sexual preferences. Regardless of your statements' accuracy and validity.\n\nThe problem with modern society.\n\nWe call the truth misogynistic and pretend misandry is truth.", '13ydt1a'], ['u/AreOut', 10, '2023-06-02 17:02', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmdp94/', 'they can feel it, hell I am the man and I can guess with 80% of certainty if a guy is virgin or not when I see how he behaves in female presence', '13ydt1a'], ['u/JNRoberts42', 11, '2023-06-02 17:12', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmf7je/', 'Women can tell if a man is a nervous dork who isn’t comfortable in the presence of women but they can’t “feel” virginity. Men care way more about virginity than women. Women know it’s a social construct.', '13ydt1a'], ['u/SolidusMonkey', 12, '2023-06-02 19:39', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmn1wtc/', "> Women don’t know a man is a virgin during the “interview” process\n\nThey absolutely can tell very easily lol. Doesn't talk about ex girlfriends ever, freezes up or is vague when the topic of sex comes up, doesn't make moves... Come on, man.\n\n> If a woman is attracted and emotionally invested in a man, virginity isn’t going to stop her.\n\nUh, no. There's literally dozens and dozens stories of women rejecting guys while they're getting undressed because he mentioned that it was going to be his first time. When I lost my virginity late in life, my friends screamed at me via text to never EVER tell her I was a virgin until afterwards.", '13ydt1a'], ['u/rhagaeas_executioner', 12, '2023-06-02 20:12', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmn6zfa/', "> It's also to be expected that the vast majority of women won't appreciate your vague generalizations regarding their innate sexual preferences. Regardless of your statements' accuracy and validity.\n\nUnfortunately so. Unironically feelz over realz.", '13ydt1a']]], ['u/fleshlyLoath', 'Tell us a fact about one of your favorite cryptocurrency', 62, '2023-06-02 16:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/', "Hello friends! Since i joined this sub i learned a lot from you people. In this discussion i would like you to share with us something about a cryptocurrency that you might find interesting, useful, less known or whatever you think it's worth mentioning really. \n\nThere are a lot of interesting and unique projects and i think it could be useful to learn a thing or two about them.\n\n\nI will start:\n\nDid you know that around 4 million bitcoin out of the 21 million that will ever exist are lost forever?", 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/', '13yenui', [['u/MysteriousJello2', 24, '2023-06-02 16:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmawhj/', "It's rich in potassium", '13yenui'], ['u/Sugar_Phut', 19, '2023-06-02 16:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbm33/', 'Cardanos native token Ada was named after the famous mathematician Ada Lovelace', '13yenui'], ['u/Wonzky', 13, '2023-06-02 16:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbmew/', 'It has caused me nothing but pain but I feel like I just have stockholm syndrome now', '13yenui'], ['u/reddito321', 11, '2023-06-02 16:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbn2t/', 'The best fact about my favorite currency is that', '13yenui'], ['u/mesutdmn', 16, '2023-06-02 16:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbzqv/', 'Reddit owns 41.624.222 MOONs in their 3 wallets.', '13yenui'], ['u/Ofulinac', 42, '2023-06-02 16:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmc4nh/', ">Tell us a fact about one of your favorite cryptocurrency\n\nIts not gonna make me rich, that's for sure lol", '13yenui'], ['u/FLMan-', 10, '2023-06-02 16:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmd5io/', 'So he thought “im gonna make a blockchain to give more power to the little guy to stand up against those in power” and then proceeded to make a blockchain that if you spend more in $ fees you get priority.', '13yenui'], ['u/JustStopppingBye', 11, '2023-06-02 17:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmme76t/', 'In 2016, Klaus Schwab from the WEF wrote the book "The Fourth Industrial Revolution" On page 143.\r \n\r \n"The shift in action www.smartcontracts.com provides programmable contracts that do payouts between two parties once certain criteria have been met, without involving a middleman. These contracts are secured in the blockchain as “self-executing contractual states”, which eliminate the risk of relying on others to followthrough on their commitments."\r \n\r \nhttps://law.unimelb.edu.au/\\_\\_data/assets/pdf\\_file/0005/3385454/Schwab-The\\_Fourth\\_Industrial\\_Revolution\\_Klaus\\_S.pdf\r \n\r \nThis was one year before chainlink wrote their white paper in 2017', '13yenui']]], ['u/lotofpic', 'Have you ever been in Bitcoin in its early days lost them all?', 18, '2023-06-02 16:43', 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/', "Have you ever been in Bitcoin in its very early days and some how lost them all?, Too many stories out there, would like to know some more, me personally I didn't start with it early, I was skeptical of it and I am sure I wouldn't manage to keep until it reached its ATH.", 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/', '13yeo0n', [['u/SnooRadishes6544', 27, '2023-06-02 17:21', 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/jmmgktb/', 'Bought loads at $3 in 2012. Spent about 70-80 on LSD. Lost 17 on silk road. Lost some on mt gox. \n\nLearned my lesson and have been hard stacking since 2018 😉', '13yeo0n'], ['u/m594', 13, '2023-06-02 18:09', 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/jmmnscw/', 'Plot twist. The shop he went to shut down, the owner was last seen in the Emirates 😂', '13yeo0n']]], ['u/Key-Interest-3095', "Why big AAA game companies don't use EMPRESS to hurt their competition?", 554, '2023-06-02 17:10', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/', "Why don't big companies hire EMPRESS or CPY to crack their competitors games and hurt their profits? It's just 500$ worth of Bitcoin or something.. Just wondering...", 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/', '13yfcxc', [['u/mtkhrb456', 1089, '2023-06-02 17:29', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmho2g/', "How do you know they haven't done that already?\n\nIt's not like there's public records detailing who pays her", '13yfcxc'], ['u/Gertraic', 468, '2023-06-02 17:31', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmi07k/', "Because, they (Denuvo) know that piracy doesn't \\actually\\ hurt profits for the most part. \n\nAlso, who's competing with Denuvo?", '13yfcxc'], ['u/Training_Age_Reed', 44, '2023-06-02 17:36', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmirid/', 'That is exactly what has been happening, you can be expecting a call from the CIA.', '13yfcxc'], ['u/HeroinPigeon', 74, '2023-06-02 17:38', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmj2pc/', "Corporate sabotage sounds like it's really not worth it from a business stand point plus you don't hurt the industry as a whole with stock values v speculation", '13yfcxc'], ['u/dorian1356', 17, '2023-06-02 17:44', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmjyqk/', "Haven't we proved that piracy doesn't really hurt sales? Hogwarts legacy and resi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 13, 2020 at Wall Street in New York City. Johannes Eisele/AFP/Getty Images The Dow soared 700 points to end the week as traders cheered the end of the debt ceiling fight. The Senate voted to send the bill to raise to country\'s borrowing limit for two years to Biden\'s desk. Markets were also encouraged by strong nonfarm payroll data that showed employers added 339,000 jobs in May. US stocks soared on Friday, with markets feeling upbeat about the end of the debt ceiling showdown and a strong May payroll report. The Dow Jones Industrial Average spiked 700 points, or more than 2%, climbing steadily through the session, while the Nasdaq and S&P 500 were each up over 1%. The Senate late Thursday voted to send the bill that would raise the US borrowing limit for two years to President Joe Biden\'s desk to be signed. The move ends weeks of tense negotiations that brought the country to the brink of defaulting on some of its obligations. Treasury Secretary Janet Yellen had warned that the US would run out of cash in early June without raising the debt ceiling. Meanwhile, on Friday morning, markets got a glimpse of the still red-hot labor market. Nonfarm payroll data for May showed that employers added 339,000 jobs last month , blowing past estimates of 180,000. The strong reading could complicate the Federal Reserve\'s approach to fighting inflation, though it was tempered by an increase in the unemployment rate and slower wage gains. Markets have been expecting the Fed to pause raising rates at the upcoming policy meeting this month, but a hot labor market could convince officials to maintain pressure to discourage any resurgence in inflation. As of Friday afternoon, fed fund futures were still showing about 70% odds that the Fed holds off on another rate hike, according to the CME FedWatch Tool. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,282.37, up 1.45% Dow Jones Industrial Average : 33,762.76, up 2.12% (701.19 points) Nasdaq Composite : 13,240.77, up 1.07% Story continues Here\'s what else is happening: Even the biggest winners of the surge in Nvidia\'s stock price are taking some chips off the table as the AI hype train goes into overdrive. Russia\'s foreign minster accused the West of "financial blackmail." The comment comes as the economic bloc known as the BRICS considers adding Saudi Arabia and Iran. Extreme bearishness means that stocks could be facing big gains . Bank of America said this week that when investors are this downbeat, there\'s upside coming. The bank said the S&P 500 could jump 16% in the coming year. In commodities, bonds, and crypto: Oil got a boost from the strong US jobs data. West Texas Intermediate crude jumped 2.75% to $72.03 a barrel. Brent, the international benchmark, rose 2.85% to $76.40. Gold dipped by 1.5% to $1,966 an ounce. The yield on the 10-year US Treasury rose eight basis points to 3.69%. Bitcoin edged up 1.6% to $27,273. Read the original article on Business Insider', '• The Dow soared 700 points to end the week as traders cheered the end of the debt ceiling fight.\n• The Senate voted to send the bill to raise to country\'s borrowing limit for two years to Biden\'s desk.\n• Markets were also encouraged by strong nonfarm payroll data that showed employers added 339,000 jobs in May.\nUS stocks soared on Friday, with markets feeling upbeat about the end of the debt ceiling showdown and a strong May payroll report.\nThe Dow Jones Industrial Average spiked 700 points, or more than 2%, climbing steadily through the session, while the Nasdaq and S&P 500 were each up over 1%.\nThe Senate late Thursday voted to send the bill that would raise the US borrowing limit for two years to President Joe Biden\'s desk to be signed. The move ends weeks of tense negotiations that brought the country to the brink of defaulting on some of its obligations. Treasury Secretary Janet Yellen had warned that the US would run out of cash in early June without raising the debt ceiling.\nMeanwhile, on Friday morning, markets got a glimpse of the still red-hot labor market. Nonfarm payroll data for Mayshowed that employers added 339,000 jobs last month, blowing past estimates of 180,000.\nThe strong reading could complicate the Federal Reserve\'s approach to fighting inflation, though it was tempered by an increase in the unemployment rate and slower wage gains.\nMarkets have been expecting the Fed to pause raising rates at the upcoming policy meeting this month, but a hot labor market could convince officials to maintain pressure to discourage any resurgence in inflation. As of Friday afternoon, fed fund futures were still showing about 70% odds that the Fed holds off on another rate hike, according to the CME FedWatch Tool.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,282.37, up 1.45%\n• Dow Jones Industrial Average:33,762.76, up 2.12% (701.19 points)\n• Nasdaq Composite:13,240.77, up 1.07%\nHere\'s what else is happening:\n• Even the biggest winners of the surge in Nvidia\'s stock price are taking some chips off the tableas the AI hype train goes into overdrive.\n• Russia\'s foreign minster accused the West of "financial blackmail."The comment comes as the economic bloc known as the BRICS considers adding Saudi Arabia and Iran.\n• Extreme bearishness means that stocks could be facing big gains. Bank of America said this week that when investors are this downbeat, there\'s upside coming. The bank said the S&P 500 could jump 16% in the coming year.\nIn commodities, bonds, and crypto:\n• Oil got a boost from the strong US jobs data. West Texas Intermediate crude jumped 2.75% to $72.03 a barrel. Brent, the international benchmark, rose 2.85% to $76.40.\n• Gold dipped by 1.5% to $1,966 an ounce.\n• The yield on the 10-year US Treasury rose eight basis points to 3.69%.\n• Bitcoin edged up 1.6% to $27,273.\nRead the original article onBusiness Insider', 'Dr. John Forsyth, a missing emergency room doctor from Missouri was found dead in Arkansas from an apparent gunshot wound, authorities confirmed Wednesday, May 31, 2023 but they\'re still investigating what happened in the week since he was last seen. Jason Musgrave via AP A doctor in the Ozarks who Forbes called a Bitcoin millionaire went missing in Missouri on May 21. His body was found with an apparent gunshot wound in an Arkansas lake on May 30. Investigators have released few details to his family or the public. A doctor in the Missouri Ozarks went missing for over a week until his body was found in an Arkansas lake. But the case remains mysterious as investigators have released few details to his family or the public. Dr. John Forsyth, 49, was last seen alive on May 21, when security cameras in the parking lot of a public pool in Cassville show him getting into another vehicle after leaving his own car unlocked with his wallet, two phones, a laptop, and other items inside. That\'s according to his brother, Richard Forsyth, who added that the doctor had texted his new fiancée that morning, saying he would see her soon. His car was found later that day. Investigators haven\'t said who was driving the other vehicle. A search began after the emergency room physician didn\'t show up for his May 21 shift at Mercy Hospital in Cassville. There was no sign of Forsyth until a kayaker noticed his body in Arkansas on May 30 at Beaver Lake, some 20 miles from his last known location. His body had an apparent gunshot wound, authorities in Arkansas said. Although Benton County Coroner Daniel Oxford said an autopsy was completed Thursday, the results won\'t be released until the investigation ends. His family rejects any suggestion he took his own life. Richard Forsyth told The Daily Beast that the doctor\'s behavior was unusual. "He wouldn\'t miss a shift even if his eyeballs were hanging out of their sockets," he said. "It was an immediate red flag." Other family members said John Forsyth was a devoted father to his eight kids and seemed happier than he\'d been in a long time. They said he never missed a day of work and would often sleep in an RV outside the hospital when he was on call. Story continues Dr. Forsyth, who studied mathematics as an undergraduate, founded a decentralized cryptocurrency called Onfo, Forbes reported in 2020. "It became obvious to me that math-based currencies (like Bitcoin) would eventually supplant sovereign notes. I mined Bitcoin and Litecoin very early on and held onto them," he told Forbes. "The massive appreciation of those assets allowed me to invest in other cryptocurrency technology which ultimately led to the development of Onfo, a platform that helps people earn money through network mining." Authorities have not said whether they believe Forsyth was killed or took his own life. Initially, when Forsyth\'s empty car was found, investigators said there were no signs of foul play. But that was before the body was found. Shannon Jenkins, the Benton County Sheriff\'s Department spokesperson, said Friday that "there is no immediate threat to the public," but declined to provide more details. She said no further information would be released until the investigation is completed. It\'s also unclear what Forsyth\'s connection might be to the second vehicle seen on the surveillance video. Authorities have not confirmed any information about the video, including if it was taken before or after Forsyth may have texted his fiancée. There\'s also no information on how Forsyth got from Cassville to Beaver Lake, when and where he died, or if investigators have found a weapon. Forsyth was born in Idaho in 1974, according to online records. He was the third of seven children, his sister Gina Forsyth-Farlaino said. Newly engaged, Forsyth was also recently divorced. On May 10 of this year, a judge ordered Forsyth to pay his ex-wife $3,999 in child support a month, plus another $15,000 a month. Missouri court records show he was married and divorced twice to the same woman between 1995 and 2022. Both his brother and Ryan Ricketts, his ex-wife\'s divorce attorney, said the split was amicable. The pair initially married in Clark County, Nevada. He filed for divorce in April 2019 but the couple remarried in July 2020 in Greene County, Missouri. Court records show that the woman filed a second divorce petition in April 2022, in Lawrence County, Missouri. His former wife lives in Idaho and was given custody of the couple\'s minor children. Still, John Forsyth continued to have a strong relationship with them, his brother and the woman\'s divorce attorney said. Forsyth\'s ex-wife did not wish to be interviewed. "She is just devastated and — I mean, just shocked," Ricketts said. "She never saw any of this kind of thing coming." Read the original article on Insider', 'Dr. John Forsyth, a missing emergency room doctor from Missouri was found dead in Arkansas from an apparent gunshot wound, authorities confirmed Wednesday, May 31, 2023 but they\'re still investigating what happened in the week since he was last seen. Jason Musgrave via AP A doctor in the Ozarks who Forbes called a Bitcoin millionaire went missing in Missouri on May 21. His body was found with an apparent gunshot wound in an Arkansas lake on May 30. Investigators have released few details to his family or the public. A doctor in the Missouri Ozarks went missing for over a week until his body was found in an Arkansas lake. But the case remains mysterious as investigators have released few details to his family or the public. Dr. John Forsyth, 49, was last seen alive on May 21, when security cameras in the parking lot of a public pool in Cassville show him getting into another vehicle after leaving his own car unlocked with his wallet, two phones, a laptop, and other items inside. That\'s according to his brother, Richard Forsyth, who added that the doctor had texted his new fiancée that morning, saying he would see her soon. His car was found later that day. Investigators haven\'t said who was driving the other vehicle. A search began after the emergency room physician didn\'t show up for his May 21 shift at Mercy Hospital in Cassville. There was no sign of Forsyth until a kayaker noticed his body in Arkansas on May 30 at Beaver Lake, some 20 miles from his last known location. His body had an apparent gunshot wound, authorities in Arkansas said. Although Benton County Coroner Daniel Oxford said an autopsy was completed Thursday, the results won\'t be released until the investigation ends. His family rejects any suggestion he took his own life. Richard Forsyth told The Daily Beast that the doctor\'s behavior was unusual. "He wouldn\'t miss a shift even if his eyeballs were hanging out of their sockets," he said. "It was an immediate red flag." Other family members said John Forsyth was a devoted father to his eight kids and seemed happier than he\'d been in a long time. They said he never missed a day of work and would often sleep in an RV outside the hospital when he was on call. Story continues Dr. Forsyth, who studied mathematics as an undergraduate, founded a decentralized cryptocurrency called Onfo, Forbes reported in 2020. "It became obvious to me that math-based currencies (like Bitcoin) would eventually supplant sovereign notes. I mined Bitcoin and Litecoin very early on and held onto them," he told Forbes. "The massive appreciation of those assets allowed me to invest in other cryptocurrency technology which ultimately led to the development of Onfo, a platform that helps people earn money through network mining." Authorities have not said whether they believe Forsyth was killed or took his own life. Initially, when Forsyth\'s empty car was found, investigators said there were no signs of foul play. But that was before the body was found. Shannon Jenkins, the Benton County Sheriff\'s Department spokesperson, said Friday that "there is no immediate threat to the public," but declined to provide more details. She said no further information would be released until the investigation is completed. It\'s also unclear what Forsyth\'s connection might be to the second vehicle seen on the surveillance video. Authorities have not confirmed any information about the video, including if it was taken before or after Forsyth may have texted his fiancée. There\'s also no information on how Forsyth got from Cassville to Beaver Lake, when and where he died, or if investigators have found a weapon. Forsyth was born in Idaho in 1974, according to online records. He was the third of seven children, his sister Gina Forsyth-Farlaino said. Newly engaged, Forsyth was also recently divorced. On May 10 of this year, a judge ordered Forsyth to pay his ex-wife $3,999 in child support a month, plus another $15,000 a month. Missouri court records show he was married and divorced twice to the same woman between 1995 and 2022. Both his brother and Ryan Ricketts, his ex-wife\'s divorce attorney, said the split was amicable. The pair initially married in Clark County, Nevada. He filed for divorce in April 2019 but the couple remarried in July 2020 in Greene County, Missouri. Court records show that the woman filed a second divorce petition in April 2022, in Lawrence County, Missouri. His former wife lives in Idaho and was given custody of the couple\'s minor children. Still, John Forsyth continued to have a strong relationship with them, his brother and the woman\'s divorce attorney said. Forsyth\'s ex-wife did not wish to be interviewed. "She is just devastated and — I mean, just shocked," Ricketts said. "She never saw any of this kind of thing coming." Read the original article on Insider', 'Crypto analytics firm Elliptic is integrating artificial intelligence into its toolkit for tracking blockchain transactions and handling risk detection.\nUsing OpenAI’s ChatGPT chatbot, the company says that it will be able to organize data faster and in greater amounts. However, it has implemented certain use limitations and does not utilize ChatGPT plug-ins, either.\n"As an organization trusted by the world’s largest banks, regulators, financial institutions, governments, and law enforcers, it’s important to keep our intelligence and data secure," an Elliptic spokesperson toldDecrypt. "That’s why we don’t use ChatGPT to create or modify data, search for intelligence, or monitor transactions.”\nLaunched in 2013, Elliptic provides institutions and law enforcement with blockchain analytics research for tracking cybercriminals and regulatory compliance related to cryptocurrency. In May, for example, Elliptic reported several Chinese businesses selling the chemicals to makefentanylaccepted cryptocurrencies, includingBitcoin. U.S. SenatorElizabeth Warrenused the report to again call for stricter regulations on cryptocurrencies.\nElliptic will use ChatGPT to complement its human-based data collection and organization processes to augment its team\'s efforts, which it says will allow it to double down on accuracy and scalability. At the same time, the large language models (LLM) organize the data.\n"Our employees leverage ChatGPT to enhance our datasets and insights," the spokesperson said. "We follow and adhere to an AI usage policy and have a robust model validation framework."\nBecause Elliptic is not using ChatGPT to generate information, the company said that it is not concerned about AI “hallucinations” or false information. AIhallucinationsrefer to instances in which an AI generates unexpected or untrue results not backed by real-world data.\nOpenAI Pledges $1M Towards AI-Driven Cybersecurity Initiatives\nAI chatbots like ChatGPT have come under increased scrutiny for convincingly providing falsified information about people, places, and events. OpenAI has stepped up efforts usingmathematicsto address these so-called hallucinations in training its models, calling it a critical step towards building aligned artificial general intelligence (AGI).\n"Our customers come to us to know exactly their risk exposure," Elliptic CTO Jackson Hull said in a statement. "Integrating ChatGPT allows us to scale up our intelligence, giving our customers a view on risk they can\'t get anywhere else."', 'Crypto analytics firm Elliptic is integrating artificial intelligence into its toolkit for tracking blockchain transactions and handling risk detection. Using OpenAI’s ChatGPT chatbot, the company says that it will be able to organize data faster and in greater amounts. However, it has implemented certain use limitations and does not utilize ChatGPT plug-ins, either. "As an organization trusted by the world’s largest banks, regulators, financial institutions, governments, and law enforcers, it’s important to keep our intelligence and data secure," an Elliptic spokesperson told Decrypt . "That’s why we don’t use ChatGPT to create or modify data, search for intelligence, or monitor transactions.” We’re very pleased to announce the integration of ChatGPT into our off-chain intelligence and research gathering efforts. Read the full press release here https://t.co/YV5BYPCjW2 #knowexactly #ChatGPT #blockchain — Elliptic (@elliptic) June 2, 2023 Launched in 2013, Elliptic provides institutions and law enforcement with blockchain analytics research for tracking cybercriminals and regulatory compliance related to cryptocurrency. In May, for example, Elliptic reported several Chinese businesses selling the chemicals to make fentanyl accepted cryptocurrencies, including Bitcoin . U.S. Senator Elizabeth Warren used the report to again call for stricter regulations on cryptocurrencies. Elliptic will use ChatGPT to complement its human-based data collection and organization processes to augment its team\'s efforts, which it says will allow it to double down on accuracy and scalability. At the same time, the large language models (LLM) organize the data. Story continues "Our employees leverage ChatGPT to enhance our datasets and insights," the spokesperson said. "We follow and adhere to an AI usage policy and have a robust model validation framework." Because Elliptic is not using ChatGPT to generate information, the company said that it is not concerned about AI “hallucinations” or false information. AI hallucinations refer to instances in which an AI generates unexpected or untrue results not backed by real-world data. OpenAI Pledges $1M Towards AI-Driven Cybersecurity Initiatives AI chatbots like ChatGPT have come under increased scrutiny for convincingly providing falsified information about people, places, and events. OpenAI has stepped up efforts using mathematics to address these so-called hallucinations in training its models, calling it a critical step towards building aligned artificial general intelligence (AGI). "Our customers come to us to know exactly their risk exposure," Elliptic CTO Jackson Hull said in a statement. "Integrating ChatGPT allows us to scale up our intelligence, giving our customers a view on risk they can\'t get anywhere else."', "New York, NY --News Direct-- Finance News Altcoins are alternative cryptocurrencies to Bitcoin - the largest cryptocurrency in the world. We have seen thousands of new cryptos emerge in the past few years, with new tokens offering ever-growing use cases and growth potential. This guide will review 10 of the best altcoins to buy now as we take an in-depth look at the supported features and the utility these tokens provide. 10 Best Altcoins to Buy Now The sections below offer a glimpse into the top altcoins we will be reviewing in this guide: Wall Street Memes - With the backing of 1 million loyal community,, Wall Street Memes has raised over $2.6 million in a week through the $WSM token presale. Elon Musk interacted with the project on Twitter. AiDoge - The $AI presale has already raised $15 million in its presale. It’s building an AI-based meme-generating crypto platform. yPredict - With $YPRED, users can purchase monthly subscriptions to crypto models giving detailed insights into the future of the crypto space. $YPRED selling out fast and is priced at $0.09 on presale. Launchpad XYZ - This cryptocurrency platform acts as a single entry point for accessing Web3 services such as DEXs, buying fractionalized assets, and creating crypto wallets. Buy $LPX on presale and access multiple trading discounts. ecoterra - Earn $ECOTERRA, the native token, on presale by recycling waste using this platform’s Recycle2Earn application. DeeLance - This platform leverages blockchain technology to decentralize the freelancing industry. Buy $DLANCE on presale to mint your work into NFTs and connect on a metaverse. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Dogecoin - Top Meme Coin which has Offered an ROI of Over 12,000% 10 Best New Altcoins: In-Depth Reviews In the sections below, we will look at the 10 best altcoins to watch right now. We will review the available features, utility, and prices of each of the 10 cryptos in our list: Story continues 1. Wall Street Memes - New Meme Altcoin with 10X Potential which has Raised More than $2.6 Million in a Week Since its Presale Launch The first altcoin on our list is $WSM, the native token released by the creators of Wall Street Memes . This is a popular crypto and meme platform which launched on social media back in 2019. Since then, Wall Street Memes has become a large meme movement, garnering over 1 million followers across Instagram and Twitter. It has even attracted the attention of global celebrities, with the likes of Elon Musk engaging with the meme project on Twitter . The platform launched its legacy NFT project, Wall St Bulls, in 2021. The first NFT collection of this project managed to sell out in just half an hour, where 10,000 Ethereum-based NFTs were distributed. Wall Street Memes has now decided to spread the wealth among its community by launching the $WSM token . While $WSM does not offer any utility, the token will be 100% for the community. Half the 2 billion token supply is allocated for the ongoing token presale. A further 30% of the token supply will be offered as community rewards, while 20% will be reserved for listings on centralized and decentralized crypto exchanges. The presale will consist of 30 rounds, giving investors ample time to purchase this trending token. The first presale round raised $500K in two days, with $WSM priced at just $0.025 per token. Currently, the token is priced at $0.0265 per token. By the final round, the price will increase to $0.0337. Due to the popularity of this project, the Wall Street Memes token will likely be listed on tier-one exchanges such as Coinbase or Binance. The presale aims to raise more than $30 million. Join the Wall Street Memes Telegram group for more updates on this project. Visit the Wall Street Memes Presale 2. AiDoge - Revolutionary Crypto Platform Generating Memes by Leveraging Artificial Intelligence AiDoge aims to revolutionize the meme crypto space by leveraging artificial intelligence to generate memes in its ecosystem. Memes can be generated on the AI-powered meme generator with credits, which can be purchased with $AI tokens. The platform uses AI tools, such as NLP (Natural Language Processing), to convert text-based prompts into memes. The AiDoge whitepaper states that it will introduce a public wall where members can share their memes. A voting mechanism will be introduced through which users can upvote and downvote memes on the public wall. At the end of every month, users receiving the highest votes will get $AI tokens as a reward. $AI can also be staked on the ecosystem to access premium features such as new meme templates and platform enhancements. After raising $14.9 million through the presale, AiDoge will list the $AI token on exchanges. The exchange listing will take place on June 19th, 2023. The token will be listed at a price of $0.0000336. Join the AiDoge Telegram channel to stay updated with all the new developments surrounding this cryptocurrency. Visit AiDoge 3. yPredict - Get Access to Future Crypto Models with this Next-Gen Trading Platform, Buy $YPRED on Presale Now yPredict ($YPRED) is a next-gen trading and research platform that lets users get data-driven insights on the future of the cryptocurrency space. These insights can be accessed through monthly predictive models, which can be purchased with $YPRED - the native token. The predictive models are launched on a financial marketplace after they have each been verified by the members of yPredict’s DAO (Decentralized Autonomous Organization). The trading insights are formed by leveraging AI trading signals and tools such as sentiment analysis, which determine the buying behavior of particular coins. yPredict also uses a patent-pending pattern recognition algorithm, which lets members access over 25 charting patterns to conduct technical analysis. One of the best altcoins to watch, $YPRED can also be used to generate passive income in the ecosystem. 10% of all new subscription revenue will be distributed among existing token holders. 15% of all swapping fees collected will also be shared with $YPRED holders through a staking pool. Members can also access a play-to-earn ecosystem to make directional bets on the future of crypto markets and earn token rewards. Currently, $YPRED is priced at $0.09 during the ongoing presale. The listing price for $YPRED is set at $0.12, equating to a 33.3% price jump from current levels. yPredict has managed to raise nearly $2 million through the ongoing presale. Interested investors can join the yPredict Telegram channel for more information. Visit yPredict Presale 4. Launchpad XYZ - This Web3.0 Ecosystem will Act as an All-in-one Entry Portal for a Range of DeFi Services $LPX is the native token of Launchpad XYZ’s all-in-one Web3 ecosystem. After the rise of Web3 services in the past few weeks, Launchpad XYZ aims to launch a portal through which all the important services can be accessed instantly. Firstly, the platform lets investors create their own Web3 wallet after providing an email address or phone number. Through the wallet, users can easily swap tokens and interact with a range of DApps (Decentralized Applications). Members can enter Launchpad XYZ’s decentralized exchange (DEX), where hundreds of crypto pairs can be accessed. Those who stake $LPX on the platform can get discounts on trading fees. The platform will also host new Web3 presales and let staked token holders get guaranteed access to these presales. Launchpad XYZ aims to offer data-driven insights and information on hundreds of crypto tokens. With $LPX, users can also purchase fractionalized assets, purchase NFTs, and stake their digital assets as collateral to take out loans. $LPX is priced at $0.0445 during the ongoing presale, with the listing price set at $0.0565. The presale has raised over $840K. Stay tuned for new platform updates by joining this cryptocurrency’s Telegram channel and reading the Launchpad XYZ whitepaper . Buy Launchpad XYZ on Presale 5. ecoterra - A Sustainable Cryptocurrency Platform that rewards Users with Free Crypto Tokens for Recycling ecoterra is releasing a crypto ecosystem, rewarding members for completing sustainable deeds and protecting the environment. Rewards will be offered as $ECOTERRA, the native token. One of the key components of ecoterra is its Recycle2Earn application, which is compatible with Reversed Vending Machines (RVMs) worldwide. All members must do is recycle waste using nearby RVMs, and scan the transaction on the ecoterra app. Doing so will result in free $ECOTERRA tokens in your wallets. Members can stake this altcoin on the ecosystem and use it toward ecological activities such as planting trees and ocean cleanups. $ECOTERRA can also be used to purchase tokenized carbon credits, and companies can use cryptocurrency to purchase recycled materials directly. The ecoterra whitepaper states that $ECOTERRA has a total supply of 2 billion, 40% of which has been allocated for the presale. Currently, $ECOTERRA is priced at $0.0085 per token. The listing price is set at $0.01, a 17.6% price increase. ecoterra has raised $4.66 million since the start of the presale. To stay updated with this sustainable cryptocurrency, join the ecoterra Telegram channel . Visit ecoterra Presale 6. DeeLance - Access Decentralized Freelancing Services such as a Metaverse Ecosystem and NFT Marketplace by holding the $DLANCE Crypto Token The potential to be the next big altcoin, $DLANCE will be a vital part of DeeLance’s decentralized freelancing ecosystem. Freelancers can leverage $DLANCE tokens on this platform to connect with clients on a metaverse. $DLANCE can be used to purchase virtual land and lease office spaces. Furthermore, the token will be used on DeeLance’s NFT marketplace to tokenize individual works. This removes any chances of copyright infringement and lets freelancers easily transfer ownership to the clients. Compared to some of the best freelance platforms, such as Upwork and Fiverr, DeeLance charges the lowest fees. It takes a 10% commission from freelancers and only 2% fees from clients. Priced at just $0.038, $DLANCE will be listed at $0.057 per token. Over $1.2 million has been raised since the start of the presale. Read the DeeLance whitepaper and join the Telegram channel for more information on this cryptocurrency. Visit DeeLance Presale 7. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Ethereum (ETH) has been synonymous with being one of the biggest assets that a crypto investor should hold in their portfolio. The largest altcoin in the world, this cryptocurrency has a live market cap of more than $227 billion. Ethereum is one of the most popular blockchains, as it lets developers deploy smart contracts, create DApps, launch NFT collections, and much more. Many have stated that although Ethereum is one of the most popular blockchains, it offers low throughput and high transaction costs. To solve these issues, the platform underwent the much-awaited Ethereum Merge, which saw it transition to a Proof-of-Stake (PoS) consensus. This has helped reduce the platform’s energy consumption by 99.5%. Since the start of 2023, Ethereum has jumped from $1,200 to a live price of $1,889 per token, representing a 57.4% price jump. Despite the price jump, ETH is still 60% below its all-time high (ATH) of $4,878. 8. Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Polygon (MATIC) is a well-structured crypto network built on top of the Ethereum blockchain to help scale the platform. One of the key elements Polygon uses is SDKs (Software Development Kits), which lets them support multiple types of applications. Moreover, Polygon offers a high throughput and can process up to 7,000 transactions per second (TPS). $MATIC, the native cryptocurrency, is vital in securing the network, processing transactions, and connecting with other blockchain networks. Currently, Polygon (MATIC) is ranked as the 10th largest crypto in the world, with a market cap of more than $8.3 billion. After being worth just $0.0043 per token in May 2019, this cryptocurrency reached an ATH of $2.9 in December 2021. This equates to a mammoth price increase of 67,341%. Currently, the token is priced at $0.9, nearly 70% below its previous ATH. 9. Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Solana (SOL) is a layer-one blockchain platform created to run scalable and decentralized applications. Similar to Ethereum, Solana also supports smart contracts, allowing developers to deploy DApps on the blockchain. Users can purchase various Solana-Based NFTs from the various NFT marketplaces created on this blockchain. Notably, Solana has the potential to handle up to 65,000 TPS. The platform can support many validators without compromising the network’s security. Network fees are paid in SOL, the native token. On average, the blockchain charges a transaction fee of just 0.0001 SOL, which equates to just a few cents. In November 2021, when the crypto markets were at the peak of a bull run, SOL reached an ATH of $259. At the time of writing, the token is trading around the $21 mark. Currently, SOL is more than 90% below its ATH. The cryptocurrency has a market cap of $8.3 billion. 10. Dogecoin - Top Meme Coin which has Offered an ROI of Over 12,000% 2021 was one of the biggest years for the crypto space, as it witnessed the arrival of meme tokens, which soared due to their large spread community support. But the meme token movement started with Dogecoin (DOGE), which launched in 2013. This token was based on the popular DOGE meme and was created as a joke. After years of sideways movement, Dogecoin burst onto the scene in 2021. From January 1st, 2021, to December 31st, $DOGE rose from a price of $0.0046 to $0.17. This equates to a price increase of 3,595%. Since 2021, the price of DOGE has been extremely volatile. As the crypto markets plummeted in 2022, $DOGE dropped by 64%. While the token is still 91% below its ATH, it's still one of the most popular cryptocurrencies. With over 3.8 million Twitter followers and 2.4 million members on Reddit, Dogecoin is one of the most popular altcoins in the world. Conclusion This guide has reviewed the 10 best altcoins to invest in 2023. We have covered some of the top presale cryptocurrencies, along with the biggest altcoins in terms of market cap and the use cases they offer. From the cryptos we have reviewed, Wall Street Memes ($WSM) stands out as the best option. Wall Street Memes is a meme cryptocurrency with over 1 million followers across social media. The presale has already managed to raise over $2.6 million in a week. Could $WSM follow in the footsteps of other viral meme coins such as Dogecoin and Shiba Inu? Visit Wall Street Memes Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown [email protected] View source version on newsdirect.com: https://newsdirect.com/news/10-best-altcoins-to-invest-in-2023-compare-new-altcoin-projects-366722619", "New York, NY --News Direct-- Finance News Altcoins are alternative cryptocurrencies to Bitcoin - the largest cryptocurrency in the world. We have seen thousands of new cryptos emerge in the past few years, with new tokens offering ever-growing use cases and growth potential. This guide will review 10 of the best altcoins to buy now as we take an in-depth look at the supported features and the utility these tokens provide. 10 Best Altcoins to Buy Now The sections below offer a glimpse into the top altcoins we will be reviewing in this guide: Wall Street Memes - With the backing of 1 million loyal community,, Wall Street Memes has raised over $2.6 million in a week through the $WSM token presale. Elon Musk interacted with the project on Twitter. AiDoge - The $AI presale has already raised $15 million in its presale. It’s building an AI-based meme-generating crypto platform. yPredict - With $YPRED, users can purchase monthly subscriptions to crypto models giving detailed insights into the future of the crypto space. $YPRED selling out fast and is priced at $0.09 on presale. Launchpad XYZ - This cryptocurrency platform acts as a single entry point for accessing Web3 services such as DEXs, buying fractionalized assets, and creating crypto wallets. Buy $LPX on presale and access multiple trading discounts. ecoterra - Earn $ECOTERRA, the native token, on presale by recycling waste using this platform’s Recycle2Earn application. DeeLance - This platform leverages blockchain technology to decentralize the freelancing industry. Buy $DLANCE on presale to mint your work into NFTs and connect on a metaverse. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Dogecoin - Top Meme Coin which has Offered an ROI of Over 12,000% 10 Best New Altcoins: In-Depth Reviews In the sections below, we will look at the 10 best altcoins to watch right now. We will review the available features, utility, and prices of each of the 10 cryptos in our list: Story continues 1. Wall Street Memes - New Meme Altcoin with 10X Potential which has Raised More than $2.6 Million in a Week Since its Presale Launch The first altcoin on our list is $WSM, the native token released by the creators of Wall Street Memes . This is a popular crypto and meme platform which launched on social media back in 2019. Since then, Wall Street Memes has become a large meme movement, garnering over 1 million followers across Instagram and Twitter. It has even attracted the attention of global celebrities, with the likes of Elon Musk engaging with the meme project on Twitter . The platform launched its legacy NFT project, Wall St Bulls, in 2021. The first NFT collection of this project managed to sell out in just half an hour, where 10,000 Ethereum-based NFTs were distributed. Wall Street Memes has now decided to spread the wealth among its community by launching the $WSM token . While $WSM does not offer any utility, the token will be 100% for the community. Half the 2 billion token supply is allocated for the ongoing token presale. A further 30% of the token supply will be offered as community rewards, while 20% will be reserved for listings on centralized and decentralized crypto exchanges. The presale will consist of 30 rounds, giving investors ample time to purchase this trending token. The first presale round raised $500K in two days, with $WSM priced at just $0.025 per token. Currently, the token is priced at $0.0265 per token. By the final round, the price will increase to $0.0337. Due to the popularity of this project, the Wall Street Memes token will likely be listed on tier-one exchanges such as Coinbase or Binance. The presale aims to raise more than $30 million. Join the Wall Street Memes Telegram group for more updates on this project. Visit the Wall Street Memes Presale 2. AiDoge - Revolutionary Crypto Platform Generating Memes by Leveraging Artificial Intelligence AiDoge aims to revolutionize the meme crypto space by leveraging artificial intelligence to generate memes in its ecosystem. Memes can be generated on the AI-powered meme generator with credits, which can be purchased with $AI tokens. The platform uses AI tools, such as NLP (Natural Language Processing), to convert text-based prompts into memes. The AiDoge whitepaper states that it will introduce a public wall where members can share their memes. A voting mechanism will be introduced through which users can upvote and downvote memes on the public wall. At the end of every month, users receiving the highest votes will get $AI tokens as a reward. $AI can also be staked on the ecosystem to access premium features such as new meme templates and platform enhancements. After raising $14.9 million through the presale, AiDoge will list the $AI token on exchanges. The exchange listing will take place on June 19th, 2023. The token will be listed at a price of $0.0000336. Join the AiDoge Telegram channel to stay updated with all the new developments surrounding this cryptocurrency. Visit AiDoge 3. yPredict - Get Access to Future Crypto Models with this Next-Gen Trading Platform, Buy $YPRED on Presale Now yPredict ($YPRED) is a next-gen trading and research platform that lets users get data-driven insights on the future of the cryptocurrency space. These insights can be accessed through monthly predictive models, which can be purchased with $YPRED - the native token. The predictive models are launched on a financial marketplace after they have each been verified by the members of yPredict’s DAO (Decentralized Autonomous Organization). The trading insights are formed by leveraging AI trading signals and tools such as sentiment analysis, which determine the buying behavior of particular coins. yPredict also uses a patent-pending pattern recognition algorithm, which lets members access over 25 charting patterns to conduct technical analysis. One of the best altcoins to watch, $YPRED can also be used to generate passive income in the ecosystem. 10% of all new subscription revenue will be distributed among existing token holders. 15% of all swapping fees collected will also be shared with $YPRED holders through a staking pool. Members can also access a play-to-earn ecosystem to make directional bets on the future of crypto markets and earn token rewards. Currently, $YPRED is priced at $0.09 during the ongoing presale. The listing price for $YPRED is set at $0.12, equating to a 33.3% price jump from current levels. yPredict has managed to raise nearly $2 million through the ongoing presale. Interested investors can join the yPredict Telegram channel for more information. Visit yPredict Presale 4. Launchpad XYZ - This Web3.0 Ecosystem will Act as an All-in-one Entry Portal for a Range of DeFi Services $LPX is the native token of Launchpad XYZ’s all-in-one Web3 ecosystem. After the rise of Web3 services in the past few weeks, Launchpad XYZ aims to launch a portal through which all the important services can be accessed instantly. Firstly, the platform lets investors create their own Web3 wallet after providing an email address or phone number. Through the wallet, users can easily swap tokens and interact with a range of DApps (Decentralized Applications). Members can enter Launchpad XYZ’s decentralized exchange (DEX), where hundreds of crypto pairs can be accessed. Those who stake $LPX on the platform can get discounts on trading fees. The platform will also host new Web3 presales and let staked token holders get guaranteed access to these presales. Launchpad XYZ aims to offer data-driven insights and information on hundreds of crypto tokens. With $LPX, users can also purchase fractionalized assets, purchase NFTs, and stake their digital assets as collateral to take out loans. $LPX is priced at $0.0445 during the ongoing presale, with the listing price set at $0.0565. The presale has raised over $840K. Stay tuned for new platform updates by joining this cryptocurrency’s Telegram channel and reading the Launchpad XYZ whitepaper . Buy Launchpad XYZ on Presale 5. ecoterra - A Sustainable Cryptocurrency Platform that rewards Users with Free Crypto Tokens for Recycling ecoterra is releasing a crypto ecosystem, rewarding members for completing sustainable deeds and protecting the environment. Rewards will be offered as $ECOTERRA, the native token. One of the key components of ecoterra is its Recycle2Earn application, which is compatible with Reversed Vending Machines (RVMs) worldwide. All members must do is recycle waste using nearby RVMs, and scan the transaction on the ecoterra app. Doing so will result in free $ECOTERRA tokens in your wallets. Members can stake this altcoin on the ecosystem and use it toward ecological activities such as planting trees and ocean cleanups. $ECOTERRA can also be used to purchase tokenized carbon credits, and companies can use cryptocurrency to purchase recycled materials directly. The ecoterra whitepaper states that $ECOTERRA has a total supply of 2 billion, 40% of which has been allocated for the presale. Currently, $ECOTERRA is priced at $0.0085 per token. The listing price is set at $0.01, a 17.6% price increase. ecoterra has raised $4.66 million since the start of the presale. To stay updated with this sustainable cryptocurrency, join the ecoterra Telegram channel . Visit ecoterra Presale 6. DeeLance - Access Decentralized Freelancing Services such as a Metaverse Ecosystem and NFT Marketplace by holding the $DLANCE Crypto Token The potential to be the next big altcoin, $DLANCE will be a vital part of DeeLance’s decentralized freelancing ecosystem. Freelancers can leverage $DLANCE tokens on this platform to connect with clients on a metaverse. $DLANCE can be used to purchase virtual land and lease office spaces. Furthermore, the token will be used on DeeLance’s NFT marketplace to tokenize individual works. This removes any chances of copyright infringement and lets freelancers easily transfer ownership to the clients. Compared to some of the best freelance platforms, such as Upwork and Fiverr, DeeLance charges the lowest fees. It takes a 10% commission from freelancers and only 2% fees from clients. Priced at just $0.038, $DLANCE will be listed at $0.057 per token. Over $1.2 million has been raised since the start of the presale. Read the DeeLance whitepaper and join the Telegram channel for more information on this cryptocurrency. Visit DeeLance Presale 7. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Ethereum (ETH) has been synonymous with being one of the biggest assets that a crypto investor should hold in their portfolio. The largest altcoin in the world, this cryptocurrency has a live market cap of more than $227 billion. Ethereum is one of the most popular blockchains, as it lets developers deploy smart contracts, create DApps, launch NFT collections, and much more. Many have stated that although Ethereum is one of the most popular blockchains, it offers low throughput and high transaction costs. To solve these issues, the platform underwent the much-awaited Ethereum Merge, which saw it transition to a Proof-of-Stake (PoS) consensus. This has helped reduce the platform’s energy consumption by 99.5%. Since the start of 2023, Ethereum has jumped from $1,200 to a live price of $1,889 per token, representing a 57.4% price jump. Despite the price jump, ETH is still 60% below its all-time high (ATH) of $4,878. 8. Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Polygon (MATIC) is a well-structured crypto network built on top of the Ethereum blockchain to help scale the platform. One of the key elements Polygon uses is SDKs (Software Development Kits), which lets them support multiple types of applications. Moreover, Polygon offers a high throughput and can process up to 7,000 transactions per second (TPS). $MATIC, the native cryptocurrency, is vital in securing the network, processing transactions, and connecting with other blockchain networks. Currently, Polygon (MATIC) is ranked as the 10th largest crypto in the world, with a market cap of more than $8.3 billion. After being worth just $0.0043 per token in May 2019, this cryptocurrency reached an ATH of $2.9 in December 2021. This equates to a mammoth price increase of 67,341%. Currently, the token is priced at $0.9, nearly 70% below its previous ATH. 9. Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Solana (SOL) is a layer-one blockchain platform created to run scalable and decentralized applications. Similar to Ethereum, Solana also supports smart contracts, allowing developers to deploy DApps on the blockchain. Users can purchase various Solana-Based NFTs from the various NFT marketplaces created on this blockchain. Notably, Solana has the potential to handle up to 65,000 TPS. The platform can support many validators without compromising the network’s security. Network fees are paid in SOL, the native token. On average, the blockchain charges a transaction fee of just 0.0001 SOL, which equates to just a few cents. In November 2021, when the crypto markets were at the peak of a bull run, SOL reached an ATH of $259. At the time of writing, the token is trading around the $21 mark. Currently, SOL is more than 90% below its ATH. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,188,193,400 - Hash Rate: 331093463.8956832 - Transaction Count: 381453.0 - Unique Addresses: 635282.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over thefines and lawsuitshe has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday. See related article:SEC’s Gary Gensler dodges question on whether Ethereum is a security • Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world’s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year. • Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world’s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis companyCryptoQuantshowed a slump inEthereum-related purchases on crypto exchangesafter the blockchain’s Shanghai upgrade on April 13. • Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week. • In the Congressionalhearingon Tuesday, the SEC’s Gensler said in preparedtestimonythat “the vast majority of crypto tokens are securities” but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee. • Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in aletteron the SEC’s approach to digital assets, which said “the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms’ activities do not involve an offering of securities,” and “the only entity to blame for the lack of registrants is the SEC itself.” • XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. TheSEC filed a lawsuitin December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year. • The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion. • In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. • Theaverage sales priceof NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs. • U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%. • The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid in separate interviews they envisioned interest rate hikes to continue in 2023. • U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday. See related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing... - Reddit Posts (Sample): [['u/Tellin_Truths', "Homelessness - Why it's really happening. Let me know if I miss anything.", 23, '2023-06-03 01:36', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/', 'It\'s all part of the enslavement of humanity.\n\n[https://www.youtube.com/shorts/4Q-dOZCzBSo](https://www.youtube.com/shorts/4Q-dOZCzBSo)\n\n1970\'s - Richard Nixon created the war on drugs in 1971, two weeks after he took the country off the Gold Standard, and then Nixon sent Kissinger to China, also in 1971, to begin moving the U.S. manufacturing to China. Everything points to 1971. Think Nixon, Kissinger, and Kennedy getting offed.\n\n[https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/)\n\n1980\'s - Ronald Reagan makes Nixon\'s War on Drugs main stream by utilizing Nancy\'s DARE. They put eggs on frying pans and used the phrase, "this is your brain, this is your brain on drugs, any questions," then began flying in drugs (mainly cocaine) from Columbia and Nicaragua. The CIA then turned a good portion of the coke into crack, using the LA Gangs, and had them deliver it to all the major metropolitan centers throughout the U.S. Reagan even gave Barry Seal an airport in Arkansas because Bill Clinton was Governor of Arkansas at the time, and President Bush continued with the whole process after Reagans presidency. This is what set the stage for the increase of the U.S. prison population from under 200,000 in 1971 to over 2,000,000 slaves in custody today. Drugs.\n\n[https://www.youtube.com/watch?v=WBreuW9LLSw](https://www.youtube.com/watch?v=WBreuW9LLSw)\n\n1980\'s - Richard Nixon\'s removal of the gold standard, Paul Volkert\'s raising of the interest rates to 20%, the invention of credit scores, and Ronald Reagan\'s trickle down economics set the stage to make America\'s middle class poorer and poorer while simultaneously creating the environment so the rich could get super fucking rich... and I mean super duper fucking rich.\n\n[https://www.youtube.com/watch?v=LXJRbju5YfE](https://www.youtube.com/watch?v=LXJRbju5YfE)\n\n1990\'s - Bill Clinton made "The Biden Crime Act" law, and went after the kids too, as mass incarceration of adults wasn\'t enough. He wanted kids in prison also. This gave a boost to the For-Profit-Prison-Industrial-Complex and struck a massive blow to the middle class, that were in the process of being systematically transitioned to lower class.\n\n[https://www.youtube.com/watch?v=0DcN6wNKxZA](https://www.youtube.com/watch?v=0DcN6wNKxZA)\n\n1990\'s - Agenda 21 was also created in the 1990\'s by the United Nations and the Rockefeller Foundation. This is the original "Great Reset". Klaus Schwab later came in, partnered with the UN, and became the public front man for UN Agenda 21, but changed it\'s original name to the "Great Reset". This is the reason much of the crazy oppressions kind of stopped in 2021. UN Agenda 2021 was over and UN Agenda 2030 was beginning. The Great Reset.\n\n[https://en.wikipedia.org/wiki/Agenda\\_21](https://en.wikipedia.org/wiki/Agenda_21)\n\n2000\'s - It was now time to go after middle class homes. A guy named Larry Fink worked for Black Stone and created these things called Mortgage Backed Securities. He then started a company called Black Rock when he left Black Stone. In 2007, Jacob Rothschild went to work for Black Stone to oversee the collapse of the US housing market, using Larry Fink\'s Mortgage Backed Securities. When Black Rock collapsed the market, Black Stone created Invitation Homes to buy up all of the financially distressed homes for pennies on the dollar. This was the beginning of the rental economy, as Invitation Homes rented the houses out to the same people they foreclosed on for hundreds of dollars more per month than they were paying to buy their house, and Jacob Rothschild left the Black Stone Board in 2009 after the collapse was complete.\n\n[https://www.youtube.com/watch?v=csRQhz\\_2Ls8](https://www.youtube.com/watch?v=csRQhz_2Ls8)\n\n2000\'s - The 2nd George Bush created the Patriot Act, he said due to the 9/11 World Trade Center Bombing, that they orchestrated. This was to put into law, the rules they deemed necessary to circumvent the U.S. Constitution, and continue whittling away rights to enslave the people. They succeeded. TSA and Homeland Security were created which gave the policing agency\'s vast powers over the people of America. Notice they never gave back the powers. Our rights are still being progressively eroded more and more, and the policing authorities were allotted the ability to attain weapons of war and use them against the American populace.\n\n[https://www.youtube.com/shorts/yNQCBd6DzjE](https://www.youtube.com/shorts/yNQCBd6DzjE)\n\n2010\'s - Bitcoin was created in 2009 as a test for the new financial system, as the bankers were now preparing to collapse the dollar. They needed to test the Blockchain. Elon Musk and Peter Theil probably created Bitcoin, as they created Paypal too. It\'s how Musk originally got rich. So, they tested the block chain by making Bitcoin open source. This allowed all of the most prominent coders of the world to detect weaknesses in the Blockchain, which would eventually become the bedrock of the new slave system, now called Central Bank Digital Currencies (CBDC).\n\n[https://www.youtube.com/watch?v=rpNnTuK5JJU](https://www.youtube.com/watch?v=rpNnTuK5JJU)\n\n2010\'s - Simultaneously, Obama began militarizing the police and they went after everyone. The courts (judges/ prosecuting attorneys) also began recruiting and promoting sociopathic individuals that were dead set on filling up the new For-Profit-Prisons. Guilty or Innocent. Defense attorneys became afraid of the prosecuting attorneys and no longer defended their clients. Mandatory minimum sentencing guidelines were set, and strict indentured servitude requirements were implemented for those released. The infrastructure for the police state was setup and 10% of US males were now under some form of indentured servitude to the state.\n\n[https://www.youtube.com/watch?v=cIqNdnDmix0](https://www.youtube.com/watch?v=cIqNdnDmix0)\n\n2020\'s - Time to implement COVID and take out the small and medium sized businesses to make way for the Public-Private-Partnerships. Public-Private-Partnerships (PPP) will be the basis of Universal Basic Income (UBI). Everyone will be allotted shares of the new PPP\'s which will pay UBI in the form of CBDC\'s. UN Agenda-21 transformed into UN Agenda 2030, which has been rebranded into Klaus Schwab\'s "Great Reset", is now in full effect. Many of the small and medium sized businesses were taken out. Many people died from the virus and the shot. The next step will probably be to collapse the housing market. Militarized Police are dominating everywhere. Those unfortunate souls who get caught in their web have all their worldly possessions stolen from them, and many are forced into homelessness. Homeless people are flooding the streets because of all the shit I just listed... including drugs, felony records, and no hope.\n\n[https://www.youtube.com/watch?v=k6E6zZy0B5M](https://www.youtube.com/watch?v=k6E6zZy0B5M)\n\nYou will own nothing and be happy. Everything you want you\'ll rent.\n\nAKA - Total Slavery.', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/', '13ytlsx', [['u/banditorama', 13, '2023-06-03 01:48', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/jmoihew/', "The big thing you're missing is the gutting of manufacturing jobs over time too. That's what made the middle class originally", '13ytlsx'], ['u/Metalgrowler', 10, '2023-06-03 06:39', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/jmpf5mh/', 'You should add in credit scores which only became a thing in like 1989', '13ytlsx']]], ['u/Coracm41', 'Winklevoss Twins present Prime Minister of Ireland with Bitcoin PEZ Dispenser.', 213, '2023-06-03 02:48', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/', 'Reason being, Gemini has officially announced Ireland for European HQ', 'https://i.redd.it/w55sv0c1ap3b1.jpg', '13yv8z8', [['u/Walla_Walla_26', 30, '2023-06-03 06:45', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmpfq68/', 'These fucking guys. I’m surprised they are showing their faces in public. I’d be pissed if my money was still locked up in that Gemini Earn product…. Then again, Mashinsky is walking around free and his platform collapsed completely with everyone’s money', '13yv8z8'], ['u/reasec', 17, '2023-06-03 08:54', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmpqa9e/', 'Those two looks like clones from the matrix movie.', '13yv8z8'], ['u/saschofield', 24, '2023-06-03 09:57', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmputmd/', 'Hang on, the two most boring billionnaires on the planet are out here gifting PEZ dispensers..?', '13yv8z8'], ['u/Ibite8723', 13, '2023-06-03 16:08', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmqr23c/', 'Still more human looking than Zuckerberg,', '13yv8z8']]], ['u/ginevrababy', 'Common scams and tricks that you may find if you sell on Reddit (+ how to stay out of trouble if you post in selling subs)', 66, '2023-06-03 03:14', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/', 'I have been selling since 2020 and I have been scammed a few times too, I have OF only on the side and mainly sell on Reddit because it\'s easier and faster for me.\n\nScammers have become more and more creative and now I have become more careful. Also, it\'s easy to waste time entertaining losers who have no intention buying but get a kick out of manipulating and nagging you.\n\nI thought it may be helpful, during my first months selling I remember I was so annoyed and frustrated that even people irl noticed I was pissed. A waste of time literally.\n\nThese are common and things to watch out for: (the more obvious and known ones at first)\n\n🌹 WANNA-BE GLUCOSE PARENT: any "sugar daddy wants to spoil you" messages, with intricate introductions with the "daddy" and pet names, huge promises of money (like 1-5k weekly for online only...) or even asking for a deposit before sending the money to prove you are "real"\n\nEXAMPLE: Hey sweetheart, I\'m Steven, 32 nice to meet you 🌹🌹 I\'m looking for a sugar baby to spoil for panties, and nudes xoxo would you be interested? can i see you?\n\n🌹 THE WHINER: Will nag you to no end that they are a "legit buyer", or that they have bought from you even if you can\'t find anything in the payment methods you usually used, no mails or names and so on. Guilt trips to lower rates, there are variations of this phenomenon but fortunately rare.\n\n🌹 THE HAGGLER: I find this annoying but I admit a couple of times I lowballed when it was slow af on reddit, but I usually avoid. For instance if your rate is 2$/min for sexting they contact you and seem interested until they say "what about 30 min for 45$ instead?". I find it irritating and happens sometimes, some are just dusties and some may be short on money and try this with multiple girls until one gives up.\n\n🌹 FBI MAN: I want verification to prove "YOU ARE REAL", this is useless if you have sexsells verification, Onlyfans or MV or anything adult related because they literally have your id 💀 Will ghost you 9 times out of 10 so it\'s pointless, most of the time they just want free content\n\n🌹 TO PAY OR NOT TO PAY?: These guy ask you to provide content before payment or pay half before and half later and "promise" you they will. Obviously they ghost. Payment upfront always.\n\n🌹 CRYPTO GUYS: The ones who send fake photoshopped btc or eth payments but it never hits your wallet and nag you until you provide the content, very insistent and repetitive. Sometimes accuse you of scamming them which automatically makes you go "NOOOOO" if you are a honest seller. Don\'t fall for it! Wait until you see the money on the wallet or a blockchain transaction.\n\n🌹 THE CRYPTO EXPERT 2.0: This is a variation of the guy above but claims he is a eth expert, uses fancy words and is extremely convincing. If you are not crypto savy you can fall for it! I did and got scammed of 200$. They pretty much ask for the eth address but it\'s not the real address and any crypto you receive is fake. You see it in your wallet but it\'s not possible to convert it into money. There was a known guy who seemed like a nice dude and uses a lot of emoji who pulled this shit. It\'s on the testnet or something like that.\n\n[https://www.reddit.com/r/SellerCircleStage/comments/pyj3lr/etherium\\_scammer\\_alert/](https://www.reddit.com/r/SellerCircleStage/comments/pyj3lr/etherium_scammer_alert/)\n\n🌹 FAKE AMAZON: This is the same as the crypto but with fake amazon GC and screenshots (photoshopped), I fell for it once in 2020. Fuck that dude.\n\n🌹 PROVE ME: They will ask you to prove how ""good" you are and however wins gets paid. Targets newbies and newer accounts, fortunately I did not fail for it.\n\n🌹 BITCH GIVE ME BACK MY MONEY: They will ask for a refund DIRECTLY on the site (common on Paypal) on payment methods or question the transaction after a while the content was sent, this is possible on only some payment methods.\n\n🌹 FINGER POINTER: Accuse you of scamming them if you don\'t fail for their BS, very rude or condescending.\n\n🌹 I CAN\'T MAKE UP MY MIND: Will contact you asking for something, asking for pics of toys or outfits, changes their mind about what they want and/or aren\'t sure and after endless convo they ghost.\n\n🌹 I\'M JARED, 19 AND I never learned how to FUCKING READ: People who nag you to use payment methods never listed in your bio, they do it to piss you off or sometimes people don\'t read.\n\n🌹 FAKE BUSINESS: Fake agencies that pretend to help you promote your content /OF agencies) and just want free stuff.\n\n🌹 SOB STORIES: Complaining that they have been scammed and how they somehow want you to prove you are "real"', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/', '13yvvzb', [['u/c00ki309', 10, '2023-06-03 03:50', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/jmox4eu/', 'Okay I absolutely LOVE THIS POST!!! God DANGIT I wish I had awards for this one!', '13yvvzb'], ['u/c00ki309', 10, '2023-06-03 04:06', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/jmoyz9w/', 'Don’t forget the sugar daddies 1st Gen.- example: \n\n“Hello beautiful, I’m _insert name here_ I’m looking for a honest, loyal, and trustworthy sugar baby to chat with and keep me company throughout the day, you don’t need to do anything sexual, just chat with me and keep me company and you’ll receive _insert large amount here_ as your weekly allowance, can you do that? I will have my secretary add you to my payroll and you’ll receive a check you can deposit through your mobile banking app/or through bank transfer”🤦🏻\u200d♀️🤦🏻\u200d♀️🤦🏻\u200d♀️ even had someone ask me to send them my bank info and when I refused asked me to send photos of my unredacted Drivers license and SOCIAL SECURITY CARD! I flat out laughed my ass off! I may be young but I’m by no means that naïve.', '13yvvzb']]], ['u/Knotley-Hunt-Brick', 'Institutions trying to dump on us ?', 27, '2023-06-03 03:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/', "If we have learned one thing from this 10 Years \n Journey, Institutions are Not our allies and they see Retail like you and me as a money making numbers ( not people ). \n\nThis fact is much clear if you look at how VC operate nowadays, back a project , shill the hell out of it, dump their shares and never bother again.\n\nThey rinse and repeat that process until their bellies are full. \n\nNow institutions are being hypocritical Shooting Headlines of BTC 100K is real price or Gold M Cap is what Bitcoin M Cap would be in X amount of years or the bull is around the corner. \n\nWhen in fact , they are slowly selling their crypto holding amidst the current economic uncertainty. \n\nI'm aware some are buying but the ones who are buying don't make crazy headlines mentioned above. \n\nIts only made by those who are selling now. \n\nSo don't caught yourself up when the institutions that are infamous for their shameless ,greedy, unethical money making behavior is predicting that your holding will become 100X in coming future.", 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/', '13ywzy2', [['u/Illicitterror', 22, '2023-06-03 04:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/jmoygot/', 'Trying to? They’ve been doing this from the start who do y think the early investors are in these projects.', '13ywzy2'], ['u/Smiling_Jack_', 12, '2023-06-03 04:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/jmp2blo/', "To be fair, half of why I'm here is to inverse this sub. \n\n\nThis is a brutal market and you need to be a cold, calculating machine if you don't want to get wreaked. \n\nDon't marry any project. Don't get caught up in the sentiment. \nDon't be like retail. Be like smart money.", '13ywzy2']]], ['u/Dry_Firefighter8113', 'Where can I buy btc with true price?', 13, '2023-06-03 04:25', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/', 'I have read the newcomers FAQ, and there are tons of recommended places to buy btc. But for beginners, who like to keep stacking bit by bit, where is the best place to buy with true price and of course without KYC. Thanks.', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/', '13yxqte', [['u/StandUp5tandUp', 13, '2023-06-03 04:38', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/jmp2o83/', 'No kyc will cost you more. Try bisq or robosats. If you don’t mind kyc go to binance', '13yxqte'], ['u/GooglephonicStereo', 10, '2023-06-03 06:39', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/jmpf3gp/', 'Strike, CashApp, and Swan are good', '13yxqte']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, June 03, 2023', 25, '2023-06-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/', '13z01vd', [['u/slvneutrino', 14, '2023-06-03 06:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpcbfk/', 'Haven’t checked the charts in a long while. All I know is the blockchain keeps on running, doing it’s amazing work.', '13z01vd'], ['u/_supert_', 31, '2023-06-03 07:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpkl1v/', '[meta]\n\nWhat do we plan to do as reddit implodes?\n\nReddit starts charging for API use soon and very many of us refuse to use new reddit or the official app, which are terrible.\n\nIs there a plan to camp somewhere else, or are we stuck here?', '13z01vd'], ['u/de_moon', 21, '2023-06-03 07:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpldf6/', "You think new Reddit is bad now? Just wait to see how bad it's going to get once they've destroyed the alternatives to browing it. \n\nThe good news is it forces you to stop staring at a screen as much and find better things to do.", '13z01vd'], ['u/NLNico', 20, '2023-06-03 08:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmppueg/', 'They introduced some ridiculous pricing for API usage which essentially will mean that all Android/iOS reddit apps by third-party devs will stop working by July 1. Many people don\'t like the official app.\n\nFor the desktop, https://old.reddit.com/r/BitcoinMarkets/ + RES luckily is still available as the "new" website version also sucks.', '13z01vd'], ['u/VladamirK', 18, '2023-06-03 10:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpxjyl/', "There is absolutely no way in hell that Reddit has nearly 2 billion users. I'd be surprised if it's even a quarter of that number.", '13z01vd'], ['u/JWells16', 20, '2023-06-03 10:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpy7me/', 'I feel like that’s kind of his point though, right? 1/4 of the people on this earth aren’t Redditors. Those numbers are inflated by bots and people with multiple accounts.', '13z01vd'], ['u/Essexal', 11, '2023-06-03 12:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmq3rc7/', 'I’ve closed my short. It was still red…. \n\nI’m sure when I come back and be bothered again (Monday 5am) we’ll be….. somewhere. \n\n27k is holding steady, for now.', '13z01vd'], ['u/PurpleFlamingoFarmer', 13, '2023-06-03 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmr9kwc/', "Once this pops it's gonna be a green dildo to 38k", '13z01vd'], ['u/xtal_00', 13, '2023-06-03 20:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmrunge/', '..32k will be tough', '13z01vd'], ['u/Magikarpeles', 10, '2023-06-03 21:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmrzepd/', 'If they kill Apollo then that fixes my iPhone addiction\n\nIf they kill old.reddit then I am gooooone', '13z01vd']]], ['u/SuccotashComplete', 'Somebody (definitely not me) just DCA’d into their first bitcoin earlier today', 90, '2023-06-03 07:01', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/', 'Please mods I’ve been trading bitcoin since college just let me have my moment', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/', '13z1g73', [['u/Esco-RP', 20, '2023-06-03 17:06', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/jmqz05q/', 'This person can be very proud of himself/herself!\n\nBut good for him/her to not publicly announcing it.\n\nYou can never be cautious enough.', '13z1g73'], ['u/Loupland', 51, '2023-06-03 19:50', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/jmrlm66/', 'Tell this person "welcome to the early adopters".\n\nAnd give them these pro tips: \n\n"don\'t sell your Bitcoin when prices drop, for it will recover eventually. It always does."\n\n"Don\'t keep looking at the price chart every 10 minutes, for you\'re not selling it anyways."\n\n"Don\'t get swayed by \'similar\' projects who claim to be better then bitcoin, cause they never are".\n\n"Don\'t leave your BTC on an exchange. Make a wallet and let them pay you out. It\'s YOUR Bitcoin, not theirs."\n\nMost of us made these mistakes already. So the person in question doesn\'t have to.\nAnd lastly, when you... i mean \'this person\'... has any questions. Come to us and we will gladly help. No such thing as a dumb question for us. All love.\n\nFrom now on, you\'re no longer alone 🧡🧡🧡', '13z1g73']]], ['u/mbdtf95', 'Since Peter Schiff advised people to sell their BTC in mid January, Bitcoin has increased over 50 percent in value', 70, '2023-06-03 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/', "Back on January 12th Peter Schiff, an American economist that spends a good amount of his time on Twitter and various interviews talking trash about Bitcoin and cryptos for some reason, said that it was the right time to sell Bitcoin and in other subtweets he advised his followers to sell.\n\nhttps://preview.redd.it/fgpfjgz4uq3b1.png?width=609&format=png&auto=webp&v=enabled&s=d62c17a30009f91690edfa5760f7c3e4cfd4a787\n\nPrice of Bitcoin that day was hovering just around $18,000, meaning if you listened to Peter Schiff spreading FUD that day and then decided to sell it, it wouldn't be a very good decision that someone could make, because Bitcoin has increased over 50 percent in value since then.", 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/', '13z2wrq', [['u/dazy_thoughts', 28, '2023-06-03 08:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/jmpmy1l/', "This dude has been advising to sell ever since bitcoin was less than 1k a pop. Btc has driven him crazy without any doubt. His ordinal collection speaks volumes of his madness. He's just a gold digger.", '13z2wrq'], ['u/Arcosim', 10, '2023-06-03 11:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/jmpzh1j/', 'He\'s a gold hoarder and is mad because he believes BTC is "stealing" from gold\'s potential market cap, he even admitted it himself.', '13z2wrq']]], ['u/rBitcoinMod', 'Daily Discussion, June 03, 2023', 35, '2023-06-03 08:09', 'https://www.reddit.com/r/Bitcoin/comments/13z2yt4/daily_discussion_june_03_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13z2yt4/daily_discussion_june_03_2023/', '13z2yt4', [['u/escodelrio', 12, '2023-06-03 15:02', 'https://www.reddit.com/r/Bitcoin/comments/13z2yt4/daily_discussion_june_03_2023/jmqjari/', "Historical Bitcoin prices for today, June 3rd:\r \n\r \n2023 - $27,166\r \n2022 - $29,701\r \n2021 - $39,187\r \n2020 - $9,667\r \n2019 - $8,125\r \n2018 - $7,729\r \n2017 - $2,545\r \n2016 - $567\r \n2015 - $226\r \n2014 - $669\r \n2013 - $121\r \n2012 - $5.2\r \n2011 - $14.3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/03/2023 is $9,139.37.", '13z2yt4']]], ['u/Concept-Plastic', 'With everyone always wishing for Crypto to decouple from stocks ( NASDAQ ), we finally have', 36, '2023-06-03 08:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/', 'For years, Bitcoin has often been seen as a digital asset that moves in sync with the broader financial markets, particularly stock indices like the NASDAQ. It often pumps when market pumps and dumps heavily when NASDAQ dumps.\n\nBut finally, the day we all wished for has arrived, BTC has decoupled from the stock market.\n\nWhile NASDAQ has been pumping for the last 30 days straight, BTC has been dumping throughout!\n\nhttps://www.nasdaq.com/market-activity/index/comp\n\nhttps://coinmarketcap.com/currencies/bitcoin/\n\nOver-all, this is just bullish for crypto, right?', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/', '13z3jsa', [['u/rare1994', 24, '2023-06-03 08:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/jmpp1vf/', 'Not the decoupling we hoped', '13z3jsa'], ['u/Legal-Appointment655', 11, '2023-06-03 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/jmpp9fp/', 'So that means you should sell your stocks while they are high to buy bitcoin while its low', '13z3jsa'], ['u/samer109', 11, '2023-06-03 09:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/jmprcpe/', 'Lol, exactly my thoughts while reading the post.', '13z3jsa']]], ['u/Bitcoin-herald', 'When was the first time you bought some btc?', 22, '2023-06-03 08:37', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/', 'I am curious, when was the first time you guys bought your first btc or at least some part of it? There are so many stories around the web about people buying btc in early days, and became billionaires. Is there anybody who bough them back then? Am I the only one who came into Bitcoin in 2017?', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/', '13z3llj', [['u/Scissorbreaksarock', 12, '2023-06-03 09:53', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/jmpukkv/', 'First transactions in Feb 2013.', '13z3llj'], ['u/Crypto-4-Freedom', 12, '2023-06-03 10:11', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/jmpvtiz/', 'First time was 2017 to buy some weed.', '13z3llj'], ['u/themediagrapher', 22, '2023-06-03 16:42', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/jmqvk1z/', 'Like every reasonable person at 69k', '13z3llj']]], ['u/PenaltyFickle5699', 'Today my government gave me another reason to buy evem more BTC', 168, '2023-06-03 09:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/', 'My country\'s version of US treasury bills just got shit (sort like) just got screwed over because banks were crying.\n\nBanks in my country are a complete joke, taking your money and investing while giving 0.5% (which are eaten away by maintence fees LOL).\n\nWith the rate hikes, this "safe" asset drove a lot of people to withdrawl money from the banks and put it there instead, getting a nice secure %.\n\nF\\cking banks, with their INSANE PROFITS over these past years a(and keep increasing), started to cry and our dumb/dity goverment decide to suspend the treasury bills and open a new version, paying less %.\n\nI can\'t help but think these corrupt politicians that bend over for bankers are thinking long-term and once they are kicked out from the office (can\'t come fast enough), they will call their bank CEO friends with the classic "remember that time i saved your ass, got a job for me at your bank"?\n\nI\'me gonna buying even more sats than i already did, i\'t my middle finger for these corrupt system.\n\n', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/', '13z4ks4', [['u/Dull_Tough_7149', 34, '2023-06-03 09:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/jmpug9w/', "I'm not saying you're not right, banks are filthy Fuckers.\n\nI've been hodling a bank account for over 10 years, and it's been solid as a rock.is all about keeping my fiat in the bank right for now. until adoption get reality.\n\nAnd let's not forget, banks are the OGs of security. They're always on the lookout for scams and hacks, so you can rest easy knowing your funds are protected. But hey, I ain't no noob when it comes to crypto. I've got a stash in my cold wallet too, so it's the best of both worlds, baby.\n\nBut keep up your DCAing till that day come and we convert all fiat to crypto", '13z4ks4'], ['u/partymsl', 11, '2023-06-03 10:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/jmpx811/', 'Banks are not really secure, because they most literally just give your money to companies.\n\nThe only reason for them appearing safe is that the governments print money to cover their losses.', '13z4ks4'], ['u/dfacastro', 62, '2023-06-03 12:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/jmq3bei/', "You are utterly misinformed.\n\nPortugal stopped issuing 3.5% treasury bills (and will start issuing 2.5% bills) because they could get a 3% rate on the bonds open market. It's as simple as that. It's what anyone would do. \n\nKeep in mind the interest comes from taxpayer's money. Do you want your government giving taxpayer's money away, or do you want them to use it efficiently? Well, that's what they did, they're using it efficiently.\n\nIt's the free market working as intended.\n\nThere's no big conspiracy or colluding with the banks in this story. Put down your tinfoil hat.", '13z4ks4']]], ['u/lehope', 'What will happen first?', 10, '2023-06-03 10:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/', "Now that we have reached this critical phase in this bear market and support levels could be broken at any time, let's make our predictions. There are different scenarios about what could go bad. My personal opinion doesn't matter, I just want to buy cheap and I would like to see if the sentiment is still bullish or not.\n\nWhich of the following do you think will happen first?\n\n\n\n1. Ripple loses against SEC\n2. Mt Gox Bitcoin get released\n3. Tether going down\n4. Binance going down\n5. shut the fck up Binance is fine\n6. Nuclear Armageddon, bye crypto\n7. other (comment): nothing, we will be fine, Saylor gets liquidated, Satoshi rugs us, aliens reach earth with quantum ultracomputers and hack bitcoin in less than a minute, else\n\n[View Poll](https://www.reddit.com/poll/13z5j7y)", 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/', '13z5j7y', [['u/grchina', 32, '2023-06-03 10:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/jmpw2wn/', 'Nukes, easiest vote of my life', '13z5j7y'], ['u/Embarrassed_Chef_393', 11, '2023-06-03 10:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/jmpw6ti/', "Call in the nuke, we've been on a killstreak lately", '13z5j7y']]], ['u/middlemangv', 'Has this bear market had an impact on you that will make you change your "trading behaviour" and strategies in the future?', 21, '2023-06-03 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/', 'What key lessons have you learned in this bear market? Are you going to change your trading approach and strategies after this bear? \n\nFor me, I think I see couple of mistakes in my strategy that I seen before but I guess I didn\'t react in time, and now I see it clearly:\n\n\\- I should focus more on already well established coins, "bluechips" of crypto - Bitcoin and Ethereum\n\n\\- DCA is a good way to accumulate more crypto, but if I am not taking any profits and just buying, as I did before, then what is the point? Most of the coins I held went down a lot from their ATH, and a lot of them won\'t come back near that ATH ever again. So, not selling is my mistake. Taking small profits is going to make me feel better\n\nIf I change those two things, I may have a better time with in the crypto market.\n\nThe other stuff I think I am doing pretty fine:\n\n- using reputable cex and then sending coins to my wallet\n- dca every month\n- not checking charts all the time\n- my seed phrase is on a safe place\n- I am not playing with crazy apy tokens etc.\n- upgraded my antivirus\n- not clicking on any scammy mails, websites\n- not going crazy for airdrops because a lot of them are scams\n\nEdit: typo and forgot to put the other part that I typed in the notepad', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/', '13z6kcy', [['u/Intelligent_Page2732', 12, '2023-06-03 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/jmpz4cv/', 'This bear market teached me not to hold any ALT coins besides Ethereum, because no matter what, everything losses to the big two (Bitcoin and Ethereum). \n\nAnd this time was not different...', '13z6kcy'], ['u/StockTrix', 13, '2023-06-03 11:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/jmpz9hv/', 'yup. i will not longer buy shitcoin. or ape de-fi into 1476% APY shit.', '13z6kcy'], ['u/jorneyp', 12, '2023-06-03 11:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/jmpzak3/', 'I am emotionless now and don’t but on impulse anymore', '13z6kcy']]], ['u/jsjshnan', 'Bitcoin giftcards in a local supermarket here in Northern Italy', 167, '2023-06-03 15:49', 'https://www.reddit.com/r/Bitcoin/comments/13zdh71/bitcoin_giftcards_in_a_local_supermarket_here_in/', 'Just saw the local supermarket here are selling Bitcoin gift cards.\nHaven’t seen them anywhere before, think this is pretty cool!\nThe future is looking bright people.', 'https://i.redd.it/w7tfa6dd5t3b1.jpg', '13zdh71', [['u/sweetsimplesauce', 13, '2023-06-03 20:44', 'https://www.reddit.com/r/Bitcoin/comments/13zdh71/bitcoin_giftcards_in_a_local_supermarket_here_in/jmrt0rm/', "I don't know about the bitcoin gift cards in Italy but they sell bitcoin gift cards at all of the post offices in Switzerland and they are KYC free. [They look like this.](https://i.redd.it/szxeoww8ks0b1.jpg) You go to https://cryptonow.ch/go to redeem them. The value of the card is used to buy bitcoin when you redeem it and your bitcoin is sent to the bitcoin address on the back of your gift card (you have to scratch off like a lotto ticket to view it) within 60 minutes. You can then transfer the bitcoin to another wallet using the private key on the back of your gift card (you have to scratch off to view it). You have to give them a phone number when you redeem the card. They don't ask for any other information from you.", '13zdh71']]], ['u/UKCSTeacher', '[Race Weekend] Round 4 - Thruxton, 3-4 June', 16, '2023-06-03 16:09', 'https://www.reddit.com/r/btcc/comments/13ze0z8/race_weekend_round_4_thruxton_34_june/', "# Qualifying Session\n\nhttps://www.youtube.com/watch?v=bENXe1IGVBk - Starts 3.15pm\n\n# Session Times\n\n^(All times BST / GMT +1)\n\n\|Event\|Time\|Length\|Grid\|Results\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Race 1\|11:45\|16 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203grdtrg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203rc1trg.pdf)\|\n\|Race 2\|14:35\|16 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203gr2trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203rc2trg.pdf)\|\n\|Race 3\|17:20\|16 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203gr3trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203rc3trg.pdf)\|\n\n[Full weekend timetable](https://www.tsl-timing.com/file/?f=timetables/2023/232203.pdf)\n\n\n# Info & Stats\n\nWiki: [2023 Teams & Drivers](https://en.wikipedia.org/wiki/2023_British_Touring_Car_Championship#Teams_and_drivers) \| [Circuit](https://en.wikipedia.org/wiki/Thruxton_Circuit)\n\nCorners: 11\n\nCircuit length: 2.3560 miles (3.7916 km)\n\nRace distance: 16 laps\n\nFirst BTCC race: 1968\n\n\n# Live Audio and Streaming\n\n[BTCC Audio Stream](http://www.btcc.net/live-audio/) \\- trackside commentary available across the full weekend\n\n[TSL Live Timing](http://livetiming.tsl-timing.com/232203) \\- live track timing system available for all sessions\n\n[ITV4](https://www.itv.com/hub/itv4) from 11:15am\n\nPosting today as I'm out tomorrow.*", 'https://www.reddit.com/r/btcc/comments/13ze0z8/race_weekend_round_4_thruxton_34_june/', '13ze0z8', [['u/LostTheGameOfThrones', 11, '2023-06-03 17:15', 'https://www.reddit.com/r/btcc/comments/13ze0z8/race_weekend_round_4_thruxton_34_june/jmr08a4/', 'Sutton. What a boy.', '13ze0z8']]], ['u/BatyrSengoku', 'Atomic wallet mass hack', 232, '2023-06-03 19:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/', "Today I lost a total of >$50,000 in usdt, btc, eth, trx, xrp from my Atomic wallet.\n\nAt first, I thought I had messed up somewhere and somehow got a virus on my Mac. But then my friend sent me [a link to Twitter](https://twitter.com/atomicwallet/status/1664946301815910400), and it turns out that many other people were hacked today as well. I don't know what to do in such situations. I hope someone from the administration of major exchanges reads this post and blocks the hackers wallets.\n\n[All I did was log in my Atomic Wallet and within a minute my money was gone.](https://preview.redd.it/256gs1iv6u3b1.jpg?width=1280&format=pjpg&auto=webp&v=enabled&s=4982f02b15610d049f42181fb5ff6d8dc391e4f9)\n\nMy Atomic ID:\xa07e4ef5079dbcab076fe3e8cb9664e080c1782476ae42ab4bef7b130157bf9f63\n\nXRP:\xa0[https://bithomp.com/explorer/35697EBD144A45205DE8A58EA7F07F34D64351EF93DBF0E8747CC6A2709A43F6](https://bithomp.com/explorer/35697EBD144A45205DE8A58EA7F07F34D64351EF93DBF0E8747CC6A2709A43F6)\n\nBTC: [https://bitcoin.atomicwallet.io/tx/52c865ee26d167c5698daa6fd36a0af0e6389c506e91cf5ea9b2371d7f8cd8f7](https://bitcoin.atomicwallet.io/tx/52c865ee26d167c5698daa6fd36a0af0e6389c506e91cf5ea9b2371d7f8cd8f7)\n\nTRX:\xa0[https://tronscan.org/#/transaction/d7d08c03792db92f35105ef4f960efeae44f9fa90befa115f7108b4c8ebaa991](https://tronscan.org/#/transaction/d7d08c03792db92f35105ef4f960efeae44f9fa90befa115f7108b4c8ebaa991)\n\nUSDT TRC-20: [https://tronscan.org/#/transaction/006b82f487db99caeb86fcbb63f6c110daa2d8a6fd24cdf24107a80d06843901](https://tronscan.org/#/transaction/006b82f487db99caeb86fcbb63f6c110daa2d8a6fd24cdf24107a80d06843901)\n\nETH: [https://etherscan.io/tx/0xa5588b5b180d7e217500650b05a0498891e238f1308376331a7abb72cd70f635](https://etherscan.io/tx/0xa5588b5b180d7e217500650b05a0498891e238f1308376331a7abb72cd70f635)", 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/', '13ziyof', [['u/R4ID', 38, '2023-06-03 21:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmryx3b/', 'Damn, yea Im seeing hundreds of users on twitter saying their funds were taken. This breach is massive.', '13ziyof'], ['u/Prestigious-Egg-5004', 44, '2023-06-03 21:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmrzm1i/', "Sorry for your loss, but 50k isn't quite a lot to keep on a hot wallet?", '13ziyof'], ['u/FroddoSaggins', 14, '2023-06-03 21:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jms2foc/', "It's pretty crazy hearing how much people keep in hot wallets like these. Never used atomic wallet but messed around with exodus enough to know I'd never store my main accounts on there.", '13ziyof'], ['u/Consistent_Many_1858', 65, '2023-06-03 22:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jms59df/', "I'm sorry for your loss, this is the reason crypto will never see mass adoption.", '13ziyof'], ['u/YetAnotherPenguin13', 19, '2023-06-03 22:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jms9qak/', 'Jesus Christ. . . Last time I used it was yesterday and according to the blockchain explorer my money is still there. What better to do, create a new wallet and try to transfer funds somehow ?', '13ziyof'], ['u/TerraceTower', 34, '2023-06-03 22:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmsaijg/', '/r/atomicwallet\n\nSo many affected by this across all blockchains: Bitcoin, Cardano, Ripple, Ethereum, etc.\n\nSo much losses', '13ziyof'], ['u/NotAdoctor_but', 33, '2023-06-03 23:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmscwls/', "Yeah people should use ledger... oh wait...\n\njokes aside, it's always good practice to use multiple wallets, and there are also still decent cold wallets (yes, i mean trezor)", '13ziyof'], ['u/fap_fap_fap_fapper', 64, '2023-06-03 23:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmsgfq0/', 'Yep something shady going on with Atomic wallet [https://twitter.com/zachxbt/status/1665080799253733377](https://twitter.com/zachxbt/status/1665080799253733377)', '13ziyof']]], ['u/Luismorales788', 'BTC', 201, '2023-06-03 21:23', 'https://www.reddit.com/r/Bitcoin/comments/13zmov7/btc/', '📸 - #Bitcoin\xa0 store spotted in Istanbul, Turkey 🇹🇷', 'https://i.redd.it/5gtypf92tu3b1.jpg', '13zmov7', [['u/cookmanager', 14, '2023-06-03 22:40', 'https://www.reddit.com/r/Bitcoin/comments/13zmov7/btc/jms8i18/', 'It looks so photoshopped but I guess it is real\n\nMollafenari, Vezirhan Cd. No:5, 34120 Fatih/İstanbul, Türkiye\n\n“Kapital Bit Coins”', '13zmov7']]], ['u/juice-box04', 'Hello. I’m going from subreddit to subreddit and making a playlist where most upvoted comment gets a spot. Give me the WORST song by Linkin Park (Day 6)', 321, '2023-06-03 21:58', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/', 'Link to playlist: https://open.spotify.com/playlist/4S1H074upGZppRNtAVTUVS?si=Cm3BmWGBTcimV7SogtU3Ow', 'https://i.redd.it/whos1h28zu3b1.jpg', '13znnir', [['u/Expensive-Host5762', 26, '2023-06-03 22:13', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jms4v7w/', 'I could never enjoy good goodbye, but I don’t hate any LP song', '13znnir'], ['u/Much_Improvement_987', 154, '2023-06-03 22:54', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsadlg/', 'SOAD sub had to be trolling AGAIN. Unless the clean version was specified because that’s a vulgar song. I absolutely love cigaro tho.', '13znnir'], ['u/Ok-Confidence-9305', 140, '2023-06-03 23:26', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsejmg/', 'The clean version censors the word "cock" pretty much making the song unlistenable, which is why it is specifically the clean version', '13znnir'], ['u/Much_Improvement_987', 70, '2023-06-03 23:34', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsfjbb/', 'God, I love that sub', '13znnir'], ['u/lp_rhcp_fan_18', 46, '2023-06-03 23:36', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsfs3p/', 'Empty Spaces.', '13znnir'], ['u/Mighti-Guanxi', 11, '2023-06-03 23:42', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsgm7s/', 'Foreword. \n\n\nEdit: corrected from "Forward"', '13znnir'], ['u/imnotporter', 68, '2023-06-03 23:50', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmshnnd/', 'one step closer 100 gecs reanimation', '13znnir']]], ['u/Abysskitten', 'PSA: Beware of the shill template', 27, '2023-06-03 23:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13zqzng/psa_beware_of_the_shill_template/', "I've been seeing this a lot lately and I thought I'd shoot a post on it.\n\nWhen I was a kid, I worked in an electronics store. We had many high end brands and a shitty in-house brand that the head of the company created. He basically came up with a name and logo, flew to Shenzhen and got it printed on a lot of cheap product.\n\nWe were told to market this brand right smack between two established brands on the shelves. And guess what? It worked. People placed this janky piece of shit on the same footing as better made items and bought it. \n\nSo what's this got to do with crypto you ask? Well, this marketing hack is transferable to a lot of different things that are sold. I've seen an increasing number of articles listing two established coins, most often Bitcoin and another of the top 10 plus a coin that you've probably never heard of before as something worth investing in.\n\nSome examples:\n\n[https://crypto.news/bitcoin-xrp-and-tradecurve-are-top-coins-to-watch-in-2023/](https://crypto.news/bitcoin-xrp-and-tradecurve-are-top-coins-to-watch-in-2023/)\n\n[https://www.outlookindia.com/business-spotlight/consider-caged-beasts-ethereum-and-cardano-to-diversify-your-portfolio-this-alt-season-news-291872](https://www.outlookindia.com/business-spotlight/consider-caged-beasts-ethereum-and-cardano-to-diversify-your-portfolio-this-alt-season-news-291872)\n\nSo beware the shill template; folks are looking at you as exit liquidity.", 'https://www.reddit.com/r/CryptoCurrency/comments/13zqzng/psa_beware_of_the_shill_template/', '13zqzng', [... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["SAN FRANCISCO, CA / ACCESSWIRE / June 3, 2023 / Introducing Reportscammedbitcoin.com is a website that allows users to report crypto losing cases and other wrong crypto transactions while also being able to track cryptocurrency transactions. The site enables users to input a wallet address, transaction ID, or block number to track the transaction. The site also provides an email form to report the details case. ReportScammedBitcoin, Saturday, June 3, 2023, Press release picture The platform has been designed to assist users in tracing stolen or lost bitcoins. This feature becomes a valuable resource for both law enforcement and private individuals seeking to recover lost or stolen cryptocurrency. The most unique feature of reportscammedbitcoin.com is its blockchain explorer. This feature allows users to view all the data associated with a particular address or transaction. Its search engine makes it easy to find specific addresses or transactions. The notifications system alerts users when a keyword or phrase appears in the blockchain. In addition to these features, Reportscammedbitcoin.com also offers an API that enables developers to build applications on top of the site's data. This API gives developers access to all the same data available through the site's web interface, making it possible to create a wide variety of new and innovative tools for tracking cryptocurrency transactions. To use this feature, users need to provide the site with as much information as possible about the transaction that took place. This includes the date and time of the transaction, the addresses involved, and any other relevant details. Then, the platform uses this information to try to track down the transaction on the blockchain. Once the transaction is found, the platform provides the user with information about where the coins were sent next. This information can be used to try to recover the funds. While there are no guarantees of success, it is worth a try if someone has been lost their hard-earned money. Story continues Another great feature is the ability to see all the outgoing and incoming transactions from a particular address. This can be used to identify which services or exchanges has been used, as well as any other addresses they may have used in the past. The site also includes a number of other useful resources, such as a list of common incidents, advice on how to avoid being trapped, and even a forum where users can share information and help each other out. All in all, Reportscammedbitcoin.com is an invaluable resource for anyone who wants to stay safe when using cryptocurrency. Whether individuals are looking to prevent themselves from becoming victims or want to help track down those who have been the victim of this incident, this site is definitely worth checking out. If someone has been the victim, it is very important to track the digital currency first, according to ReportScammedBitcoin 's experts. They can assist in tracking the lost crypto into the complex world of cryptocurrency. One option is to contact the exchange where the money was sent and file a dispute. Many exchanges have policies in place to help victims recover their money. Another option is to contact law enforcement - these types of stealing are considered a type of financial crime, and they may be able to help track down the perpetrators and recover the money. The site has a database of over 2 million addresses associated with known similar cases, and it uses blockchain analysis to help victims track down where their money went. If someone has lost his cryptocurrency, they should definitely check out ReportScammedBitcoin.com - it could be the key to getting their money back. Users can contact the platform through the website form. When they fill out the form with all the details, the platform will contact them and provide a free consultation. During the consultation, they will receive guidance and recommendations for recovery service providers that can help them recover the lost funds. About Company The capability to trace cryptocurrency transactions back to their source is invaluable. Reportscammedbitcoin.com provides a reliable and secure platform that not only makes it easier for users to track their own crypto assets but also assists law enforcement in investigation efforts when tackling money laundering issues. With new data being added every day, this website is certainly set to become an essential resource in helping navigate the increasingly complex landscape of the crypto-sphere with greater accuracy and efficiency. Media Contact Organization: ReportScammedBitcoin Contact Person: Zella Redd Website: https://reportscammedbitcoin.com Email: [email protected] Contact Number: +14809486042 City: San Francisco State: California Country: United States SOURCE: ReportScammedBitcoin View source version on accesswire.com: https://www.accesswire.com/759093/Introducing-reportscammedbitcoincom-The-Platform-for-Tracing-Cryptocurrency-Transactions-and-Restoring-Lost-Assets", "SAN FRANCISCO, CA / ACCESSWIRE / June 3, 2023 /Introducing Reportscammedbitcoin.com is a website that allows users to report crypto losing cases and other wrong crypto transactions while also being able to track cryptocurrency transactions. The site enables users to input a wallet address, transaction ID, or block number to track the transaction. The site also provides an email form to report the details case.\nThe platform has been designed to assist users in tracing stolen or lost bitcoins. This feature becomes a valuable resource for both law enforcement and private individuals seeking to recover lost or stolen cryptocurrency.\nThe most unique feature of reportscammedbitcoin.com is its blockchain explorer. This feature allows users to view all the data associated with a particular address or transaction. Its search engine makes it easy to find specific addresses or transactions. The notifications system alerts users when a keyword or phrase appears in the blockchain.\nIn addition to these features,Reportscammedbitcoin.comalso offers an API that enables developers to build applications on top of the site's data. This API gives developers access to all the same data available through the site's web interface, making it possible to create a wide variety of new and innovative tools for tracking cryptocurrency transactions.\nTo use this feature, users need to provide the site with as much information as possible about the transaction that took place. This includes the date and time of the transaction, the addresses involved, and any other relevant details.\nThen, the platform uses this information to try to track down the transaction on the blockchain. Once the transaction is found, the platform provides the user with information about where the coins were sent next. This information can be used to try to recover the funds. While there are no guarantees of success, it is worth a try if someone has been lost their hard-earned money.\nAnother great feature is the ability to see all the outgoing and incoming transactions from a particular address. This can be used to identify which services or exchanges has been used, as well as any other addresses they may have used in the past. The site also includes a number of other useful resources, such as a list of common incidents, advice on how to avoid being trapped, and even a forum where users can share information and help each other out.\nAll in all, Reportscammedbitcoin.com is an invaluable resource for anyone who wants to stay safe when using cryptocurrency. Whether individuals are looking to prevent themselves from becoming victims or want to help track down those who have been the victim of this incident, this site is definitely worth checking out.\nIf someone has been the victim, it is very important to track the digital currency first, according toReportScammedBitcoin's experts. They can assist in tracking the lost crypto into the complex world of cryptocurrency.\nOne option is to contact the exchange where the money was sent and file a dispute. Many exchanges have policies in place to help victims recover their money. Another option is to contact law enforcement - these types of stealing are considered a type of financial crime, and they may be able to help track down the perpetrators and recover the money.\nThe site has a database of over 2 million addresses associated with known similar cases, and it uses blockchain analysis to help victims track down where their money went. If someone has lost his cryptocurrency, they should definitely check out ReportScammedBitcoin.com - it could be the key to getting their money back.\nUsers can contact the platform through the website form. When they fill out the form with all the details, the platform will contact them and provide a free consultation. During the consultation, they will receive guidance and recommendations for recovery service providers that can help them recover the lost funds.\nAbout Company\nThe capability to trace cryptocurrency transactions back to their source is invaluable. Reportscammedbitcoin.com provides a reliable and secure platform that not only makes it easier for users to track their own crypto assets but also assists law enforcement in investigation efforts when tackling money laundering issues. With new data being added every day, this website is certainly set to become an essential resource in helping navigate the increasingly complex landscape of the crypto-sphere with greater accuracy and efficiency.\nMedia ContactOrganization: ReportScammedBitcoinContact Person: Zella ReddWebsite:https://reportscammedbitcoin.comEmail:[email protected] Number: +14809486042City: San FranciscoState: CaliforniaCountry: United States\nSOURCE:ReportScammedBitcoin\nView source version on accesswire.com:https://www.accesswire.com/759093/Introducing-reportscammedbitcoincom-The-Platform-for-Tracing-Cryptocurrency-Transactions-and-Restoring-Lost-Assets", "Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The most politically important tweet from Crypto Twitter this week came from Congressman Warren Davidson, who confirmed on Monday that the new U.S. debt ceiling agreement blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto mining firms based on how much electricity they consume. Yes, one of the victories is blocking proposed taxes. — Warren Davidson 🇺🇸 (@WarrenDavidson) May 29, 2023 Also that day, Bitcoin NFT project Ordinals hit a new milestone. BREAKING: @Bitcoin ORDINALS BREAKS 10 MILLION INSCRIPTIONS pic.twitter.com/KEsYTFPYCb — DEGEN NEWS 🗞️ (@DegenerateNews) May 29, 2023 On Tuesday, El Salvador’s National Bitcoin Office—an official institution set up to promulgate Bitcoin as legal tender in the country—announced that the country’s authoritarian president Nayib Bukele had hired a new Bitcoin consultant . When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. We are excited to announce that @saifedean is joining us as Economic Advisor to the National Bitcoin Office of El Salvador. Welcome to the winning team, Dr Ammous! pic.twitter.com/LyIljvKvtz — The Bitcoin Office (@bitcoinofficesv) May 30, 2023 Alex Svanevik, the CEO of blockchain data and research company Nansen, announced that the company was letting go of 30% of its staff in order to streamline the company. He also mentioned the bear market as a factor. Story continues Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik 🐧 (@ASvanevik) May 30, 2023 Blockchain gumshoe ZachXBT exposed a particularly callous scam on Thursday. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account. pic.twitter.com/q4HivGBLMY — ZachXBT (@zachxbt) May 31, 2023 Imagine earning a million in twenty-four hours for doing nothing except opening your wallet. Well, it has already happened. Welcome to the blockchain. GM - yesterday @Pauly0x tweeted an ETH address telling people they'd receive absolutely nothing in exchange for sending him ETH. In under 24 hours, people have sent over $1.1 million USD. pic.twitter.com/FXpxsD2iKP — Arkham (@ArkhamIntel) May 31, 2023 It’s easy to get worried about AI these days with so many tech industry leaders labeling it a potential extinction threat . OpenAI CEO Sam Altman offered a more mundane prediction about the advent of artificial general intelligence: maybe things will keep on keeping on. a reasonably plausible version of the AGI future is that it unfolds similarly to how it would have without AGI, but it’s such a powerful tool that everything happens much faster. — Sam Altman (@sama) June 1, 2023 NFT theft is declining but the Blur marketplace is becoming popular for stolen digital goods, according to PeckShieldAlert. #PeckShieldAlert In May 2023, ~$2.95M worth of #NFTs were stolen, marking an 8.7% decrease compared to the previous month. Within a span of 130 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io … pic.twitter.com/vzQrR6zrif — PeckShieldAlert (@PeckShieldAlert) June 1, 2023 Messari analyst Ally Zach on Thursday did a deep dive on Solana’s newest users and how the blockchain caters to consumer applications. 1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users. What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9 — Ally Zach (@0xallyzach) June 1, 2023 Finally, crypto wallet provider Atomic on Saturday warned that several wallets have been compromised. Crypto sleuth ZachXBT revealed the eye-watering amounts of crypto at stake. Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL — ZachXBT (@zachxbt) June 4, 2023", "Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The most politically important tweet from Crypto Twitter this week came from Congressman Warren Davidson, who confirmed on Monday that the new U.S. debt ceiling agreement blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto mining firms based on how much electricity they consume. Yes, one of the victories is blocking proposed taxes. — Warren Davidson 🇺🇸 (@WarrenDavidson) May 29, 2023 Also that day, Bitcoin NFT project Ordinals hit a new milestone. BREAKING: @Bitcoin ORDINALS BREAKS 10 MILLION INSCRIPTIONS pic.twitter.com/KEsYTFPYCb — DEGEN NEWS 🗞️ (@DegenerateNews) May 29, 2023 On Tuesday, El Salvador’s National Bitcoin Office—an official institution set up to promulgate Bitcoin as legal tender in the country—announced that the country’s authoritarian president Nayib Bukele had hired a new Bitcoin consultant . When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. We are excited to announce that @saifedean is joining us as Economic Advisor to the National Bitcoin Office of El Salvador. Welcome to the winning team, Dr Ammous! pic.twitter.com/LyIljvKvtz — The Bitcoin Office (@bitcoinofficesv) May 30, 2023 Alex Svanevik, the CEO of blockchain data and research company Nansen, announced that the company was letting go of 30% of its staff in order to streamline the company. He also mentioned the bear market as a factor. Story continues Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik 🐧 (@ASvanevik) May 30, 2023 Blockchain gumshoe ZachXBT exposed a particularly callous scam on Thursday. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account. pic.twitter.com/q4HivGBLMY — ZachXBT (@zachxbt) May 31, 2023 Imagine earning a million in twenty-four hours for doing nothing except opening your wallet. Well, it has already happened. Welcome to the blockchain. GM - yesterday @Pauly0x tweeted an ETH address telling people they'd receive absolutely nothing in exchange for sending him ETH. In under 24 hours, people have sent over $1.1 million USD. pic.twitter.com/FXpxsD2iKP — Arkham (@ArkhamIntel) May 31, 2023 It’s easy to get worried about AI these days with so many tech industry leaders labeling it a potential extinction threat . OpenAI CEO Sam Altman offered a more mundane prediction about the advent of artificial general intelligence: maybe things will keep on keeping on. a reasonably plausible version of the AGI future is that it unfolds similarly to how it would have without AGI, but it’s such a powerful tool that everything happens much faster. — Sam Altman (@sama) June 1, 2023 NFT theft is declining but the Blur marketplace is becoming popular for stolen digital goods, according to PeckShieldAlert. #PeckShieldAlert In May 2023, ~$2.95M worth of #NFTs were stolen, marking an 8.7% decrease compared to the previous month. Within a span of 130 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io … pic.twitter.com/vzQrR6zrif — PeckShieldAlert (@PeckShieldAlert) June 1, 2023 Messari analyst Ally Zach on Thursday did a deep dive on Solana’s newest users and how the blockchain caters to consumer applications. 1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users. What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9 — Ally Zach (@0xallyzach) June 1, 2023 Finally, crypto wallet provider Atomic on Saturday warned that several wallets have been compromised. Crypto sleuth ZachXBT revealed the eye-watering amounts of crypto at stake. Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL — ZachXBT (@zachxbt) June 4, 2023", "Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The most politically important tweet from Crypto Twitter this week came from Congressman Warren Davidson, who confirmed on Monday that the new U.S. debt ceiling agreement blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto mining firms based on how much electricity they consume. Yes, one of the victories is blocking proposed taxes. — Warren Davidson 🇺🇸 (@WarrenDavidson) May 29, 2023 Also that day, Bitcoin NFT project Ordinals hit a new milestone. BREAKING: @Bitcoin ORDINALS BREAKS 10 MILLION INSCRIPTIONS pic.twitter.com/KEsYTFPYCb — DEGEN NEWS 🗞️ (@DegenerateNews) May 29, 2023 On Tuesday, El Salvador’s National Bitcoin Office—an official institution set up to promulgate Bitcoin as legal tender in the country—announced that the country’s authoritarian president Nayib Bukele had hired a new Bitcoin consultant . When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. We are excited to announce that @saifedean is joining us as Economic Advisor to the National Bitcoin Office of El Salvador. Welcome to the winning team, Dr Ammous! pic.twitter.com/LyIljvKvtz — The Bitcoin Office (@bitcoinofficesv) May 30, 2023 Alex Svanevik, the CEO of blockchain data and research company Nansen, announced that the company was letting go of 30% of its staff in order to streamline the company. He also mentioned the bear market as a factor. Story continues Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik 🐧 (@ASvanevik) May 30, 2023 Blockchain gumshoe ZachXBT exposed a particularly callous scam on Thursday. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account. pic.twitter.com/q4HivGBLMY — ZachXBT (@zachxbt) May 31, 2023 Imagine earning a million in twenty-four hours for doing nothing except opening your wallet. Well, it has already happened. Welcome to the blockchain. GM - yesterday @Pauly0x tweeted an ETH address telling people they'd receive absolutely nothing in exchange for sending him ETH. In under 24 hours, people have sent over $1.1 million USD. pic.twitter.com/FXpxsD2iKP — Arkham (@ArkhamIntel) May 31, 2023 It’s easy to get worried about AI these days with so many tech industry leaders labeling it a potential extinction threat . OpenAI CEO Sam Altman offered a more mundane prediction about the advent of artificial general intelligence: maybe things will keep on keeping on. a reasonably plausible version of the AGI future is that it unfolds similarly to how it would have without AGI, but it’s such a powerful tool that everything happens much faster. — Sam Altman (@sama) June 1, 2023 NFT theft is declining but the Blur marketplace is becoming popular for stolen digital goods, according to PeckShieldAlert. #PeckShieldAlert In May 2023, ~$2.95M worth of #NFTs were stolen, marking an 8.7% decrease compared to the previous month. Within a span of 130 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io … pic.twitter.com/vzQrR6zrif — PeckShieldAlert (@PeckShieldAlert) June 1, 2023 Messari analyst Ally Zach on Thursday did a deep dive on Solana’s newest users and how the blockchain caters to consumer applications. 1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users. What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9 — Ally Zach (@0xallyzach) June 1, 2023 Finally, crypto wallet provider Atomic on Saturday warned that several wallets have been compromised. Crypto sleuth ZachXBT revealed the eye-watering amounts of crypto at stake. Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL — ZachXBT (@zachxbt) June 4, 2023"]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $528,256,126,500 - Hash Rate: 376937174.2812394 - Transaction Count: 364020.0 - Unique Addresses: 588801.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: With a price-to-sales (or "P/S") ratio of 0.1x Bitcoin Well Inc. ( CVE:BTCW ) may be sending very bullish signals at the moment, given that almost half of all the Software companies in Canada have P/S ratios greater than 2.7x and even P/S higher than 9x are not unusual. However, the P/S might be quite low for a reason and it requires further investigation to determine if it's justified. Check out our latest analysis for Bitcoin Well ps-multiple-vs-industry How Has Bitcoin Well Performed Recently? For example, consider that Bitcoin Well's financial performance has been poor lately as its revenue has been in decline. One possibility is that the P/S is low because investors think the company won't do enough to avoid underperforming the broader industry in the near future. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour. We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on Bitcoin Well's earnings, revenue and cash flow. Is There Any Revenue Growth Forecasted For Bitcoin Well? The only time you'd be truly comfortable seeing a P/S as depressed as Bitcoin Well's is when the company's growth is on track to lag the industry decidedly. In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 42%. Spectacularly, three year revenue growth has ballooned by several orders of magnitude, despite the drawbacks experienced in the last 12 months. Therefore, it's fair to say the revenue growth recently has been superb for the company, but investors will want to ask why it is now in decline. Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 19% shows it's noticeably more attractive. In light of this, it's peculiar that Bitcoin Well's P/S sits below the majority of other companies. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices. Story continues The Final Word While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations. Our examination of Bitcoin Well revealed its three-year revenue trends aren't boosting its P/S anywhere near as much as we would have predicted, given they look better than current industry expectations. Potential investors that are sceptical over continued revenue performance may be preventing the P/S ratio from matching previous strong performance. At least price risks look to be very low if recent medium-term revenue trends continue, but investors seem to think future revenue could see a lot of volatility. Having said that, be aware Bitcoin Well is showing 5 warning signs in our investment analysis, you should know about. If you're unsure about the strength of Bitcoin Well's business , why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session Youll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here... - Reddit Posts (Sample): [['u/Status_Floor1746', 'DOT vs ATOM', 36, '2023-06-04 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/', ' I have recently decided to try and branch out from the two main cryptos I own (BTC and ETH). While other projects have recently caught my eye I have decided that this time I would like to focus on blockchains that specialize in scalability. Since I came into some unexpected crypto via an airdrop and since then have not touched it yet want to move out of the token I wanted to first come here and see what people thought. It is my understanding that the two leaders in this scalability space are Polkadot and Cosmos (DOT and ATOM). Before I deep dive into the two I wanted to see what the community here thought about the two and which blockchain would you want to invest in and why would that be?', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/', '13zrvmc', [['u/Cold-Speech1325', 20, '2023-06-04 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsmonr/', 'This sub said DOT is good so it must be good.', '13zrvmc'], ['u/the_spiritual_eye', 65, '2023-06-04 00:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsnlp8/', 'You have no idea about the war you just started here.', '13zrvmc'], ['u/Odlavso', 40, '2023-06-04 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmso4s3/', 'Cosmos seems to a more active community and also more things going on. \n \nDOT supposedly has a lot going on in the background. \n \nMy ATOM bag is holding up better than my DOT bag price wise', '13zrvmc'], ['u/0ne_too', 15, '2023-06-04 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsqs9a/', "I'm biased as hell, i love Cosmos. Love the wallet, love the app chains, love the community despite the high DPS(drama per second), love the tech stack, love what's coming in the near to not so near future, love some of the devs/validators, some not so much. Love being able to move my assets around with IBC, which is a communications protocol not a bridge, for pennies or less. \n\nLove the fact that Cosmos ships. We passed the vote to build Interchain Security last July and ICS just went live last month. Less than a year for a pretty significant upgrade to Atom. \n\nI really like being able to know and chose who i delegate(stake) to. And being able to re-delegate if I don't feel aligned with them anymore. \n\nI could go on. \n\nI have a bag of dot staking. Talisman is fine. Stellaswap is ok. Acala is a shitshow. Japan is carrying Astar which is fine good for them. Auctions are not it. I really don't like the...lets call it phraseology of Polkadot. They make things way harder than they need to be imo. And i don't run into this anywhere other than Dot really. \n\nDot is fine. It's not for me. If it's your lane and you're happy with your investments in Dot and the dot ecosystem then it's all good.", '13zrvmc'], ['u/Odlavso', 14, '2023-06-04 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsspol/', "I've honestly been thinking of selling my DOT bag and going all in on ATOM. DOT staking is so much more complicated and I hate not seeing my balance in my wallet by using pools. ATOM is much easier and with the extra staking rewards coming soon from the consumer chains it seems like the better move.", '13zrvmc'], ['u/Octopus-Pawn', 14, '2023-06-04 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsuqq5/', 'Since they both lean on the principle of interoperability and anticipate a multi-coin future, I can’t see why they can’t both thrive in the future. They are both excellent projects.', '13zrvmc'], ['u/in_hodl_we_trust', 12, '2023-06-04 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsvdgm/', 'I highly recommend using both before deciding.', '13zrvmc'], ['u/MakeItRelevant', 27, '2023-06-04 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsym11/', 'Polkadot is a bit more radical in its approach to connecting different blockchains, while Cosmos offers a more structured and organized framework for interoperability. I have both, but more DOT especially because of Substrate itself.', '13zrvmc'], ['u/Potential_Nerve_3779', 10, '2023-06-04 03:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmtbcia/', 'By radical do you mean confusing the lacking any smart considerations?', '13zrvmc'], ['u/Spicoli007', 20, '2023-06-04 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmtpxb5/', "Lol! So right. So I'm going to fire away. ATOM :)", '13zrvmc'], ['u/BetterNotLouder', 11, '2023-06-04 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmu2klo/', 'Firing back with rapid fire: dot, dot, dot, dot, dot', '13zrvmc']]], ['u/Affectionate-Dig4280', 'Just got scammed', 11, '2023-06-04 01:48', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/', 'I am thought that if there is a SD out there that him and I had mutual benefits that I would be okay. Turns out to be called a romance scam. So from one struggling momma that was interested in sugar dating is it real?\n\nSo the scam was incase you don’t want to run through the comments: He and I met online and was suppose to meet when he got off a cruise ship that he told me he works on. He paid my cellphone bill so we can continue to talk (which is now getting shit off) then I thought he was a real guy for paying that and he asked for my bank account and log in. He deposited $5000 3 times without talking to me. Had me transfer $2700 over to cashapp and send him bitcoinns. Mean while I was waiting for the rest to clear it never did.', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/', '13zu3fv', [['u/SugarBabyVet', 19, '2023-06-04 02:29', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt1a26/', 'Yes that a scam. \n\nNo man is going to meet you off of the internet and ask for your banking information to give you money. \n\nNo SD is going to ask you to send him money. \n\nTake a step out of the bowl and spend some time reading this forum.', '13zu3fv'], ['u/Vivid-Leader-3409', 75, '2023-06-04 03:01', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt505e/', 'You never give your log in for anyone c’mon this is common sense, please go change your logging info, call your bank', '13zu3fv'], ['u/JustAGoodGuy1080', 33, '2023-06-04 03:21', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt7bhu/', "I love my kids with all my heart and trust them, unquestionably.\n\nThey don't have access to my banking info.", '13zu3fv'], ['u/LearnDifferenceBot', 31, '2023-06-04 03:21', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt7e09/', 'Bye TwerkingAvocado. Have fun continuing to use common words incorrectly!', '13zu3fv'], ['u/sdsf9', 15, '2023-06-04 03:31', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt8gz1/', 'burn!', '13zu3fv'], ['u/BinghamtonSD', 14, '2023-06-04 03:40', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt9hsp/', "I've never seen a reddit bot with such attitude!", '13zu3fv'], ['u/Vivid-Leader-3409', 36, '2023-06-04 03:48', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtafhl/', 'How are you in the military and don’t know about not sharing your login info is beyond me but- please for the love of god, even if he pays for a new house, you never share your login info..', '13zu3fv'], ['u/SeekingInToronto', 13, '2023-06-04 03:56', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtbafp/', 'Omg, this is the thing that made me laugh the hardest today. 😂', '13zu3fv'], ['u/SpaceGuy1968', 17, '2023-06-04 04:12', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtd2ff/', 'Yep\nIt\'s called an "overpayment scam"\n\n[overpayment scam](https://www.doj.nh.gov/consumer/dont-cash-that-check/check-overpayment.htm)', '13zu3fv'], ['u/ThinAvocadoToast', 27, '2023-06-04 05:32', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtltwi/', '“Works on a cruise ship”\n\n= poor.\n\nNever mind giving out your bank account info. Sorry OP', '13zu3fv'], ['u/Frank9567', 24, '2023-06-04 07:20', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtw26s/', "It's not restricted to this lifestyle. It is a common scam elsewhere too.", '13zu3fv'], ['u/guerreradevida', 36, '2023-06-04 08:09', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtzzo7/', 'Not even about the lifestyle at all, just basic common sense', '13zu3fv'], ['u/Dear_Arachne', 23, '2023-06-04 09:00', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmu3xqr/', "Right? I'm sympathetic but goddamn, you don't just give someone your bank account login, ever. That shit not only has all your money, but also your full name, address, and spending habits & locations. Maybe okay if you're married but even then it's situational. Then immediately asking her to send some back too?? Come on. Get out of the bowl if you're this clueless about money and safety.", '13zu3fv'], ['u/KinkyFemdomme845', 10, '2023-06-04 12:57', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmul39h/', 'I don’t feel bad for you. This scam is ALL OVER the news, Social media, talked about every day!!! You are either lying or really really really really slow. If you can work Reddit you saw this scam before!', '13zu3fv'], ['u/BigMagnut', 14, '2023-06-04 13:57', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmuq6el/', 'You are not cut out for this "lifestyle".', '13zu3fv'], ['u/MsDReid', 11, '2023-06-04 15:24', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmuz7uj/', 'Your phone bill was paid with a stolen card. Which is why you still owe that money. Did you also give him the log in for that?\n\nYes, this lifestyle is real. If you are hot and are actually meeting men in person and having sex with them. Other than that no one is giving you money for nothing.', '13zu3fv'], ['u/TwerkingAvocado', 10, '2023-06-04 15:42', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmv1e18/', 'The AI has taken our jobs of being dicks on the internet.', '13zu3fv']]], ['u/SignInternational623', 'Do You Respect the Bitcoin Cycle or HODL Forever ?', 29, '2023-06-04 03:09', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/', 'I\'ve been a part of the Bitcoin community for a while now, and I\'m curious to know where everyone stands when it comes to their strategies. Do you respect the cycle of Bitcoin and aim to cash out at a certain point, or are you a die-hard HODLer who plans to hold on to your Bitcoin for the long haul?\n\nSome people believe in timing the market and making strategic cash-outs after halving 2025, while others are firm believers in the philosophy of "HODLing" indefinitely.\n\nSo, I\'d like to hear from all of you! What\'s your stance on this matter? Are you looking to cash out your Bitcoin by 2025, or do you have a long-term horizon of 10, 20, or more years? Let\'s discuss our strategies and reasons behind them.\n\nHere are a few questions to get the conversation started:\n\n1-Do you think it\'s essential to respect the cyclical halving of Bitcoin, or do you believe in holding on to it indefinitely?\n2-If you plan on cashing out, what are your criteria for determining the right thing to sell?\nFor those who are HODLing long-term, what drives your decision to hold on to your Bitcoin?\n\nThanks', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/', '13zw4wv', [['u/Umpire_State_Bldg', 33, '2023-06-04 03:21', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmt7bkn/', 'Selling with the expectation of buying again later for less is gambling.\n\nGambling with any expectation of coming out ahead is foolish. \n\nIf you ever hold Bitcoin long enough, you will see for yourself that the simplest strategy is by far the best: But Bitcoin, send it to your own (hardware) wallet, then wait patiently.', '13zw4wv'], ['u/oldskoolr', 56, '2023-06-04 03:30', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmt8dnk/', 'I will sell some Bitcoin when it can buy me more time.\n\nThat time is a mortgage and lead me to early retirement so I can spend more time with family & friends.', '13zw4wv'], ['u/Dazzling_Marzipan474', 21, '2023-06-04 04:28', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmteuye/', "One day it'll go up and not go back down. I'm not selling my BTC. Ever.", '13zw4wv'], ['u/TheJudgeXD', 27, '2023-06-04 10:58', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmuchz5/', 'wait patiently... for what? If not for periods of extreme overvaluations, what it is that you wait for? \n\nI feel like this sub painting people as some kind of traitor for selling bitcoin in very obvious bubbles is a bit mental, everything that you do in life is a gamble.', '13zw4wv'], ['u/Youretoo', 21, '2023-06-04 11:42', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmufjcy/', 'This is an excellent stoic view on money. Time is our most precious resource.', '13zw4wv'], ['u/swissmachinist16', 13, '2023-06-04 12:10', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmuhljl/', 'Gambling is anything less than 100%.', '13zw4wv'], ['u/Just1_More', 10, '2023-06-04 14:28', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmut6q2/', 'This is a challenging topic for our community. The fact psychopaths like myself and others believe BTC will be the world reserve currency and "Up forever" is real is why you see comments like the one you\'re replying to. \n\nPersonally, I hodl not for me, but for my family. I will never sell my BTC for fiat. Maybe there is a day I use sats to buy goods/services. But it\'s not here yet. My time horizon is long... very long.', '13zw4wv']]], ['u/ciaolarspi', 'How could we solve the pain point of private key management for crypto wallets?', 20, '2023-06-04 04:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13zymr4/how_could_we_solve_the_pain_point_of_private_key/', '1. The paint point of private key management\n\nPrivate key (or seed phrase) management has been a major pain point for crypto users since day one. To the flip side of “Not Your Keys, Not Your Coins”, it is “If you lose your private key, you lose everything”.\n\nOf course, you can write down your private key and seed phrase on paper, maybe multiple pieces if one is not safe enough and you want backup.\n\nIf you are a more advanced crypto user, you could buy a decent cold wallet and keep it offline most of the time.\n\nThere are other options like mobile wallets (e.g. Trust Wallet), browser wallets (e.g. MetaMask), desktop wallets (e.g. Electrum), smart contract wallets (e.g. Argent), MPC wallets (e.g. ZenGo and UniPass) and etc.\n\nAll of the above require the user to hold a private key or a share of the private key in order to sign transactions. The problem of single point of failure remains when you lose your private key.\n\nThere have been relentless efforts to solve this problem for mass adoption for crypto, such as Smart Contract, MPC and Account Abstraction.\n\n2. A better solution needed\n\nAs per David Wheeler’s quote:\n\nAll problems in computer science can be solved by another level of indirection.\n\nWe have been asking ourselves what is the best place to store our private keys, the answer is “The blockchain itself” since we are already on it. Now the question is “How would it be possible and safe?”, the answer is that the concept has been proven to be feasible, and there are already some implementations emerging.\n\nLit Protocol is one of them.\n\n3. How it works\n\n1. Lit Protocol is based on TSS / MPC, and is a protocol running on a decentralised network governed by consensus.\n2. The protocol slices your private key into pieces and store them across the network nodes with a certain degree of redundancy.\n3. The private key shares will only be retrieved and aggregated in a designated HSM environment when the access conditions are all met, then things like transaction signing and secret decryption will take place in there, and the user would get the final results without exposing the private key to risks.\n4. The access conditions are programmable, they could look like below.\n\n>If the user has valid access token and today is a Sunday, then grant user access to retrieve the key shares.\n\n4. Pros and Cons\n\nThe advantages:\n\n1. It is not a 2 of 2 or 2 of 3 scheme as most current MPC solutions.It is run by consensus across the entire network. There is no single point of failure as long as the network is up and running.The private key is never exposed to anyone, even to the owner.\n2. Security is guaranteed as the key share retrieval and aggregation as well as signing take place in a designated HSM environment.\n3. It is blockchain agnostic, it supports ECDSA and BLS at the moment, and more to be added, hence it supports most mainstream cryptocurrencies like BTC and ETH.\n4. It is Web2 friendly, what it means is that the access conditions can be programmed to validate if the user has valid access to his Google account, if so then the access to key shares is granted. Being Web2 friendly is essential for mass adoption.\n5. It is extensible in terms of security mechanisms and business logic, so that enhanced security mechanisms like MFA is feasible. It is critical for building a crypto wallet with bank level security.\n\nSome challenges:\n\n1. The security of the protocol is to be tested in reality, and ongoing efforts are required to maintain and upgrade the protocol to fix bugs and vulnerabilities.\n2. The performance of the protocol is to be battle tested and proven in production, especially when it is at scale.', 'https://www.reddit.com/r/CryptoCurrency/comments/13zymr4/how_could_we_solve_the_pain_point_of_private_key/', '13zymr4', [['u/Jimmy_Wrinkles', 12, '2023-06-04 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13zymr4/how_could_we_solve_the_pain_point_of_private_key/jmtld8s/', "Insured, regulated exchanges where a cold wallet is no longer necessary. I know it's not the answer many would like but it's the most practical.", '13zymr4']]], ['u/Great-Ad2861', 'Here’s the lies…carpal tunnel, manic, and “you wouldn’t be around me if you were high” (yet he just went to rehab 2 weeks ago and you punched him when he left? Who that’s not high or drunk goes to rehab?) STOP THE MADNESS JK', 29, '2023-06-04 05:43', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/', 'I can’t with the lies. How does EVERYONE not see through this btch? How is there ANY confusion? ', 'https://v.redd.it/mdpdofr09x3b1', '13zzvra', [['u/Ok_Salamander3793', 24, '2023-06-04 06:50', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtteaq/', "Wtf... Jess knows his own diagnosis and he doesn't know it himself?? That's just weird. And fishy. Sounds like bs", '13zzvra'], ['u/Great-Ad2861', 13, '2023-06-04 07:01', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtud9q/', 'This whole segment was lies and b.s and can’t see how EVERYONE doesn’t see it', '13zzvra'], ['u/meowsrl', 14, '2023-06-04 07:17', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtvswz/', 'Yeah, isn’t it insane how she needs Jason because he “can give more context” than she could? How or why does someone know more about her relationship with her fiance/his drug use more than her? Jason is only recently out of prison and I don’t care how good of friends they became. That was her daughter’s father and her fiancé. And she’s gonna pretend she has no idea what Reece did their “entire relationship” ??', '13zzvra'], ['u/Great-Ad2861', 13, '2023-06-04 07:26', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtwigw/', 'How about her acting skills when he supposedly dropped that bomb on her JUST for the video? I’m fckn dead bro! And you’re so right…as if he would be more knowledgeable than her. Get the fuck outta here. 🤣', '13zzvra'], ['u/Glittering-Nobody631', 10, '2023-06-04 07:30', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtwwcb/', "Her videos don't make sense anymore and there's no way to bandaid over all of this anymore , there's far too many holes. Her only choice is to get off the fucking internet at this point and protect her kids for gods sake .", '13zzvra'], ['u/meowsrl', 10, '2023-06-04 07:33', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtx2wp/', 'I know, girl that was hilarious! She was looking like this emoji 😐 lmao no actual emotion. Her shitty acting is exactly why I really hope someone recognizes her in public one day and records while asking the questions she ignores online. Since she encourages that and says she’ll take pics + answer ANY questions they have 🥴🥴', '13zzvra'], ['u/Great-Ad2861', 10, '2023-06-04 07:39', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtxn5d/', 'Add “doctor” now to her resume. 🤣', '13zzvra'], ['u/ubercharlesinit', 12, '2023-06-04 07:56', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtz03g/', 'Notice how she said “he has bi lateral carpal tunnel, rheumatoid arthritis” so confidently, but she goes “and.. a whole lot of stuff…” while also moving around and playing with her sleeve. Which is exactly like something someone would do when they lie. It’s called a “tick”.', '13zzvra'], ['u/Great-Ad2861', 10, '2023-06-04 07:56', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtz15s/', 'Yuck 🤮 I could have gone my whole life without that', '13zzvra'], ['u/Great-Ad2861', 10, '2023-06-04 08:01', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtzegh/', 'Yes I noticed! I also noticed her glance off to the side when she said “if you were high you wouldn’t be around me” also a telltale sign of lying!', '13zzvra'], ['u/Far_Bumblebee_9300', 13, '2023-06-04 08:12', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu09ro/', "Not her having to remind him about his hand problems and talk for him about it SINCE ITS ALL LIES. GTFOH\nEdit- couldn't help but notice her pulling up her left sleeve multiple times and scratching around her elbow area. Hmmm", '13zzvra'], ['u/meowsrl', 12, '2023-06-04 08:16', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu0lms/', 'It’s hilarious how they intentionally play off/deflect off of eachother. She has Jason air out all of her dirty laundry for her, while she makes excuses for HIM. lol 😂', '13zzvra'], ['u/Far_Bumblebee_9300', 10, '2023-06-04 08:19', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu0sh7/', "This video is completely embarrassing. I'm in shock that she thinks she's so slick that we will eat up the shit she serves. My gawd, she can take her new boo and fuck completely off with the bullshit. No sad pouty face gets her outta the lies.", '13zzvra'], ['u/Great-Ad2861', 11, '2023-06-04 08:39', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu2bqi/', 'Did you see the picture of JK phone that it was 3:28am? I only know it had to be a.m not in the afternoon bc Jason clearly says it’s Saturday NIGHT. Tweakerish don’t you think? Filming at almost 4am?', '13zzvra'], ['u/meowsrl', 11, '2023-06-04 09:15', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu52hu/', 'Honestly I have a gut feeling big mouth Jason talks to the police way more than people know. Of course, this is only a conspiracy of mine. How quickly he yelled at Matt to “call the cops!! he can’t have a gun, he’s a felon! he has a warrant!” is very suspicious to me. Who the hell says that while having a damn “StOp SnITcHiNg🛑” tattoo? Like, I know they set him up, but he said those words so casually and quickly as if it is normal to him. Their fake, tough youtube personalities don’t match with any of this recent drama. But yeah, I think he definitely talks to the feds. Atleast in prison. but again - just my conspiracy.', '13zzvra'], ['u/Olympusrain', 14, '2023-06-04 11:20', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmue15n/', 'I just saw that video and Jason explaining on his YouTube channel why the Matt guy checked up on Reece and he says “Yeah I picked the nicest guy I know, he’s a huge softie! I could have picked 100 other people.. but I picked him”.. like dude no one ASKED YOU to pick anyone to go over and antagonize a guy with a drinking problem and ptsd .. in what world does that seem normal?', '13zzvra'], ['u/mooseinabottle', 10, '2023-06-04 12:29', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmuizde/', 'Seriously, lol! After seeing those screenshots from their softie goon’s Facebook threatening to split kids’ heads open with a hatchet because someone rang his doorbell at 8:30 pm “when it was raining”, I now suspect they sent this psycho giant to attack Reece. Maybe pulling the gun and firing that warning shot was, in fact, absolutely necessary.', '13zzvra']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, June 04, 2023', 25, '2023-06-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/', '1400aug', [['u/ThorsBodyDouble', 17, '2023-06-04 07:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmtvfy8/', "Hey! China and Hong Kong, wake up! Aren't you meant to be sneaking loads of cash into crypto right now? I read it on the interweb.. 😳", '1400aug'], ['u/Downtown-Ad-4117', 13, '2023-06-04 09:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmu5cie/', 'This seems like the perfect time to buy more.', '1400aug'], ['u/DamonAndTheSea', 23, '2023-06-04 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmv57ne/', '[We should get a decision here in the next 10 days](https://www.tradingview.com/x/yDm7PmIy/) as BTC walks trend towards local downtrend resistance. Above and I think a retest of $31k is in the cards. Below and I look for support on 200MA daily in the mid $23k range. \n\n [SPY is bullish.](https://www.tradingview.com/x/82p1vntL/) May closed over the monthly 20MA for the first time in over a year. Bigger picture, the [3M held the 20MA as well and moving into longer term continuation.](https://www.tradingview.com/x/lk6jJZCt/) I’m eyeing resistance at prior high of 433 for a potential pullback. Above this and the market will go fully risk-on IMO.\n\nWe’re likely not out of the woods, but charts do not yet reflect recession woes. We’ll see where things are at EOY.', '1400aug'], ['u/bittabet', 10, '2023-06-04 17:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmvdswl/', 'Everything is just driven by overall global liquidity right now and we’re about to hit a bumpy patch due to all the treasuries they’re about to issue. Makes it very unlikely for SPY to sustain up.', '1400aug'], ['u/DamonAndTheSea', 15, '2023-06-04 17:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmvemw2/', 'I agree, and it’s why I’m keeping an eye on last local top. Newly issued treasuries will suck some liquidity from the markets as people move from stocks to bonds and this will likely create some downward pressure on markets in the short term. \n\nThe counter-argument here is you need people to buy up the debt and with the potential for inflation to stay pernicious it’s unclear how many move out of the market and into what has traditionally been a flight to quality or safety. Banks already got fucked buying T-bills and investors moving into bonds might not even outpace inflation. USD is already losing traction in foreign markets. This creates a situation whereby equities and other scarce assets may hold favor even as recession woes loom.\n\nBut if there are not enough bidders in the bond market, then the FED has to step in to buy the debt and engage in yield curve control. If this is the case, then I think we’re likely to see any drops in the stock market get bid back up as TINA sets in.', '1400aug'], ['u/AccidentalArbitrage', 12, '2023-06-04 23:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmwtm4z/', 'Who are the people that use these closed-source hot wallets and why do they do so? \n\nEvery suggestion from all reasonable sources is to use a hardware device or at least an open source software wallet like Electrum if you insist on using a hot one. \n\nWhere are noobs getting the advice that they should use these risky wallets and how can we prevent it?', '1400aug']]], ['u/SubManagerBot', 'Incomplete and Growing List of Participating Subreddits', 10733, '2023-06-04 07:01', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/', '##Regardless of subscriber count, if you are looking to add a sub to this list, please comment below on this thread.\n\n##If you have already commented your sub below or your sub is already on the list and now going private, please do NOT send a modmail - if you comment here, your sub will be on the list.\n\n##Please see pinned comment for most recent participating subreddit statistics.\n\n###Please see [Thread 2](https://www.reddit.com/r/ModCoord/comments/143fzf6/incomplete_and_growing_list_of_participating/) for 50-500k, [Thread 3](https://www.reddit.com/r/ModCoord/comments/146ffpb/incomplete_and_growing_list_of_participating/) for 5-50k, [Thread 4](https://www.reddit.com/r/ModCoord/comments/147dy99/incomplete_and_growing_list_of_participating/) for 1-5k, and [Thread 5](https://www.reddit.com/r/ModCoord/comments/147nxor/incomplete_and_growing_list_of_participating/) for below 1k due to text limit. \n\n###Many subreddits are still actively discussing how to participate in the protest in a way that best fits their community. Please do not harrass or act disrespectfully towards any subreddits, or their moderators, who have not yet been added to the list below.\n\n# Subreddits Participating On June 12th.\n\n\n##40+ million:\n\nr/funny\n\n##30+ million:\n\nr/aww\n\nr/gaming\n\nr/Music\n\nr/Pics\n\nr/science\n\nr/todayilearned\n\n##20+ million:\n\nr/art\n\nr/askscience\n\nr/books\n\nr/DIY\n\nr/documentaries\n\nr/EarthPorn\n\nr/explainlikeimfive\n\nr/food\n\nr/gadgets\n\nr/gifs\n\nr/Jokes\n\nr/LifeProTips\n\nr/mildlyinteresting\n\nr/NotTheOnion\n\nr/Showerthoughts\n\nr/space\n\nr/sports\n\nr/videos\n\n##10+ million:\n\nr/creepy\n\nr/Damnthatsinteresting\n\nr/dataisbeautiful\n\nr/fitness\n\nr/Futurology\n\nr/GetMotivated\n\nr/history\n\nr/interestingasfuck\n\nr/InternetIsBeautiful\n\nr/lifehacks\n\nr/listentothis\n\nr/NatureIsFuckingLit\n\nr/nosleep\n\nr/personalfinance\n\nr/philosophy\n\nr/photoshopbattles\n\nr/technology\n\nr/Television\n\nr/tifu\n\nr/unexpected\n\nr/wholesomememes\n\n##5+ 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fxiv\n\nr/findareddit\n\nr/findfashion\n\nr/Fingering\n\nr/firstworldanarchists\n\nr/FlashingGirls\n\nr/flexibility\n\nr/FloridaMan\n\nr/football\n\nr/forcedorgasms\n\nr/formuladank\n\nr/fortyfivefiftyfive\n\nr/freebies\n\nr/freelance\n\nr/FullmetalAlchemist\n\nr/funnymemes\n\nr/funsized\n\nr/futurama\n\nr/GameDeals\n\nr/gamernews\n\nr/Gamingcirclejerk\n\nr/gatekeeping\n\nr/gentlemanboners\n\nr/germany\n\nr/gifsthatendtoosoon\n\nr/ginger\n\nr/girlsmasturbating\n\nr/GirlswithGlasses\n\nr/Glitch_in_the_Matrix\n\nr/GoneMild\n\nr/gonewildcolor\n\nr/GoneWildStories\n\nr/gonewildtrans\n\nr/GooglePixel\n\nr/gravityfalls\n\nr/GTA\n\nr/guns\n\nr/gwpublic\n\nr/gymmemes\n\nr/h3h3productions\n\nr/haircarescience\n\nr/Handwriting\n\nr/headphones\n\nr/HighStrangeness\n\nr/hitmanimals\n\nr/hmm\n\nr/homegrowntits\n\nr/homelab\n\nr/hometheater\n\nr/HongKong\n\nr/horny\n\nr/Hotchickswithtattoos\n\nr/HouseOfTheDragon\n\nr/hugeboobs\n\nr/hulu\n\nr/HunterXHunter\n\nr/ich_iel\n\nr/ifyoulikeblank\n\nr/ihadastroke\n\nr/ihavesex\n\nr/Illustration\n\nr/imsorryjon\n\nr/indiameme\n\nr/IndianBabes\n\nr/IndianDankMemes\n\nr/IndoorGarden\n\nr/instantpot\n\nr/Intel\n\nr/interiordesign\n\nr/introvert\n\nr/Ireland\n\nr/IRLEasterEggs\n\nr/italy\n\nr/Itemshop\n\nr/IthadToBeBrazil\n\nr/iwanttobeher\n\nr/IWantToSuckCock\n\nr/jailbreak\n\nr/JoeRogan\n\nr/Justfuckmyshitup\n\nr/JustGuysBeingDudes\n\nr/ketorecipes\n\nr/ketoscience\n\nr/KGBTR\n\nr/KitchenConfidential\n\nr/Kryptostrassenwetten\n\nr/LabiaGW\n\nr/LabRats\n\nr/Lakers\n\nr/languagelearning\n\nr/LateStageCapitalism\n\nr/LatinoPeopleTwitter\n\nr/lawncare\n\nr/LeagueOfMemes\n\nr/LearnJapanese\n\nr/legaladviceuk\n\nr/libertarian\n\nr/LiminalSpace\n\nr/lingerie\n\nr/linux\n\nr/london\n\nr/losangeles\n\nr/lotr\n\nr/LoveIsBlindOnNetflix\n\nr/magicTCG\n\nr/MakeNewFriendsHere\n\nr/malegrooming\n\nr/mangacoloring\n\nr/manhwa\n\nr/medicalschool\n\nr/Megalophobia\n\nr/Melbourne\n\nr/menwritingwomen\n\nr/MiaKhalifa\n\nr/MiaMalkova\n\nr/Milfie\n\nr/militaryporn\n\nr/minecraftbuilds\n\nr/MinecraftMemes\n\nr/mls\n\nr/mommit\n\nr/MonsterGirl\n\nr/MonsterHunter\n\nr/MorbidReality\n\nr/MusicTheory\n\nr/mycology\n\nr/nascar\n\nr/NatureWasMetal\n\nr/NeutralPolitics\n\nr/Nike\n\nr/nipples\n\nr/NoahGetTheBoat\n\nr/NoMansSkyTheGame\n\nr/normalnudes\n\nr/NotHowGirlsWork\n\nr/notinteresting\n\nr/notliketheothergirls\n\nr/O_Faces\n\nr/obsf\n\nr/offbeat\n\nr/oilpainting\n\nr/oldphotosinreallife\n\nr/Olympics\n\nr/onebag\n\nr/onejob\n\nr/OneSecondBeforeDisast\n\nr/OnlyFansAsstastic\n\nr/Ontario\n\nr/orgasms\n\nr/PandR\n\nr/PantiesToTheSide\n\nr/Pareidolia\n\nr/pathofexile\n\nr/patientgamers\n\nr/Patriots\n\nr/perfectloops\n\nr/petite\n\nr/Phatasswhitegirls\n\nr/photoshop\n\nr/pizza\n\nr/PLASTT\n\nr/playrust\n\nr/playstation\n\nr/plotholes\n\nr/politicalcompassmemes\n\nr/Polska\n\nr/PornStarletHQ\n\nr/PourPainting\n\nr/PreggoPorn\n\nr/PupliftingNews\n\nr/pussypassdenied\n\nr/Quiver\n\nr/quotesporn\n\nr/r4r\n\nr/ramen\n\nr/RandomActsOfBlowJob\n\nr/Rap\n\nr/Ratemypussy\n\nr/RBI\n\nr/rearpussy\n\nr/reddevils\n\nr/redditgetsdrawn\n\nr/RedditLaqueristas\n\nr/redheads\n\nr/redneckengineering\n\nr/RileyReid\n\nr/rimjob_steve\n\nr/roblox\n\nr/romania\n\nr/rupaulsdragrace\n\nr/sbubby\n\nr/Scams\n\nr/Seaofthieves\n\nr/Seattle\n\nr/seduction\n\nr/seethru\n\nr/SelfAwarewolves\n\nr/serialkillers\n\nr/SexyTummies\n\nr/sfx\n\nr/shavedpussies\n\nr/Shemales\n\nr/ShittyFanTheories\n\nr/ShittyMovieDetails\n\nr/shittysuperpowers\n\nr/Shoes\n\nr/shortscarystories\n\nr/simps\n\nr/sims4\n\nr/singapore\n\nr/sissies\n\nr/slutsofsnapchat\n\nr/slutwife\n\nr/smashbros\n\nr/soccercirclejerk\n\nr/spiderman\n\nr/spotify\n\nr/SpreadEm\n\nr/Squaredcircle\n\nr/StardustCrusaders\n\nr/startrek\n\nr/statistics\n\nr/StraightGirlsPlaying\n\nr/streetwearstartup\n\nr/submechanophobia\n\nr/Subnautica\n\nr/SubredditDrama\n\nr/SuccessionTV\n\nr/SuddenlyGay\n\nr/summonerschool\n\nr/surrealmemes\n\nr/Sweden\n\nr/talesfromthefrontdesk\n\nr/tanlines\n\nr/tattoo\n\nr/taylorswift\n\nr/technews\n\nr/techsupportgore\n\nr/tennis\n\nr/TerrifyingasFuck\n\nr/texas\n\nr/tf2\n\nr/Tgirls\n\nr/thatlookedexpensive\n\nr/TheBoys\n\nr/thelastofus\n\nr/TheMandalorianTV\n\nr/thenetherlands\n\nr/TheSilphRoad\n\nr/thesimpsons\n\nr/TheSims\n\nr/theyknew\n\nr/thickloads\n\nr/thighhighs\n\nr/tightdresses\n\nr/timelapse\n\nr/tipofmypenis\n\nr/tits\n\nr/toolporn\n\nr/tools\n\nr/toronto\n\nr/traphentai\n\nr/TrueCrimeDiscussion\n\nr/TrueCrimePodcasts\n\nr/TrueReddit\n\nr/Turkey\n\nr/Ultralight\n\nr/VaporwaveAesthetics\n\nr/vegetarian\n\nr/vexillology\n\nr/virtualreality\n\nr/WaltDisneyWorld\n\nr/Warframe\n\nr/warriors\n\nr/watchpeoplesurvive\n\nr/web_design\n\nr/webcomics\n\nr/Weird\n\nr/whatsthisbug\n\nr/Whatswrongwithyourcat\n\nr/Wholesome\n\nr/wholesomemes\n\nr/whooties\n\nr/WhyWomenLiveLonger\n\nr/wildernessbackpacking\n\nr/witcher\n\nr/WitchesVsPatriarchy\n\nr/WomenOfColor\n\nr/woof_irl\n\nr/worldcup\n\nr/Xsome\n\nr/yesyesyesno\n\nr/YoungGirlsGoneWild\n\nr/youngpeopleyoutube\n\nr/YouTube', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/', '1401qw5', [['u/coffeeisnotlatte', 66, '2023-06-04 07:08', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/jmtuzz6/', '/r/china also, I will be the contact point.', '1401qw5'], ['u/Carpe_Natem_Sis', 76, '2023-06-04 07:35', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/jmtxbbj/', 'r/gonewild30plus (1.2M) , r/AussieGirls (202K), r/AussieMilfs (35K), r/AussieCouples(20K), r/AussieDudes (13K), r/sportsbrasGW (96K), r/Nofans (405K), r/NoFansCouples (97K), r/NoFansMild (32K), r/PLASTT (802K)', '1401qw5'], ['u/Danpei', 20, '2023-06... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Jack Dorsey, Twitter’s cofounder and former CEO, has endorsed Democratic presidential contender Robert F. Kennedy, Jr. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home On Sunday, the influential tech billionaire tweeted a Fox News YouTube video entitled “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024” writing, “He can and will.” Asked whether he was endorsing or predicting, he replied , “Both.” Kennedy, a nephew of President John F. Kennedy and the son of his slain brother Robert F. Kennedy, is like Dorsey a strong believer in Bitcoin, which he recently described as an “exercise in democracy.” Last month, Kennedy delivered a well-received keynote address at a Bitcoin conference in Miami. He called Bitcoin a “bulwark” against “government and corporate expansion and intrusion.” “As president, I will make sure that your right to hold and use Bitcoin is inviolable," he added. He pledged to defend the right of self-custody of Bitcoin and other digital assets. “You should be able to own your own private keys, the same as you own the keys to your car or own your wallet…I don’t think the government has the right to demand access to your Bitcoin key or indeed any of your passwords. To say otherwise to cede essential territory to surveillance state.” An anti-vaccine activist, Kennedy frequently and controversially attacked Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, over the way he handled the pandemic, accusing him of orchestrating “fascism” and writing a book on the topic. When a Twitter user commented there was “not a chance the DNC [Democratic National Committee] allows him to be nominated,” Dorsey replied , "Even more reason.” He later added that the DNC “seems more irrelevant by the day” and wrote “end of an empire,” to which Tesla CEO and current Twitter owner Elon Musk replied with two fire emoji. Story continues Earlier on Sunday, Musk tweeted that he’ll host Kennedy in the Twitter Spaces audio platform on Monday afternoon. Dorsey replied to that by writing, “Excellent.” The event came together quickly, with Musk asking Kennedy Friday on Twitter, “Would you like to do a Spaces discussion with me next week?” Kennedy replied in the affirmative, and Dorsey chimed in , “This would be great.” Twitter Spaces also figured large in politics last month, when Republican Florida governor Ron DeSantis announced his presidential bid there, although technical glitches marred the event . On Friday evening, Musk tweeted , "System is being upgraded & stress-tested in advance of @RobertKennedyJr interview on Monday.” When a Twitter user commented that Kennedy’s shaky voice is “an issue,” Dorsey replied by calling it a “super power,” saying it sets the candidate apart. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'Jack Dorsey, Twitter’s cofounder and former CEO, has endorsed Democratic presidential contender Robert F. Kennedy, Jr.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nOn Sunday, the influential tech billionairetweetedaFoxNews YouTubevideoentitled “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024” writing, “He can and will.”\nAsked whether he was endorsing or predicting, hereplied, “Both.”\nKennedy, a nephew of President John F. Kennedy and the son of his slain brother Robert F. Kennedy, is like Dorsey a strong believer in Bitcoin, which he recentlydescribed asan “exercise in democracy.”\nLast month, Kennedy delivered a well-receivedkeynote addressat a Bitcoin conference in Miami. He called Bitcoin a “bulwark” against “government and corporate expansion and intrusion.”\n“As president, I will make sure that your right to hold and use Bitcoin is inviolable," he added.\nHe pledged to defend the right of self-custody of Bitcoin and other digital assets. “You should be able to own your own private keys, the same as you own the keys to your car or own your wallet…I don’t think the government has the right to demand access to your Bitcoin key or indeed any of your passwords. To say otherwise to cede essential territory to surveillance state.”\nAn anti-vaccine activist, Kennedy frequently andcontroversiallyattacked Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, over the way he handled the pandemic, accusing him of orchestrating “fascism” and writing abookon the topic.\nWhen a Twitter user commented there was “not a chance the DNC [Democratic National Committee] allows him to be nominated,” Dorseyreplied, "Even more reason.” He lateraddedthat the DNC “seems more irrelevant by the day” and wrote “end of an empire,” to whichTeslaCEO and current Twitter owner Elon Muskreplied withtwo fire emoji.\nEarlier on Sunday, Musktweetedthat he’ll host Kennedy in the Twitter Spaces audio platform on Monday afternoon. Dorseyrepliedto that by writing, “Excellent.”\nThe event came together quickly, with MuskaskingKennedy Friday on Twitter, “Would you like to do a Spaces discussion with me next week?” Kennedyrepliedin the affirmative, and Dorseychimed in, “This would be great.”\nTwitter Spaces also figured large in politics last month, when Republican Florida governor Ron DeSantis announced his presidential bid there, although technical glitchesmarred the event.\nOn Friday evening, Musktweeted, "System is being upgraded & stress-tested in advance of @RobertKennedyJr interview on Monday.”\nWhen a Twitter user commented that Kennedy’s shaky voice is “an issue,” Dorseyrepliedby calling it a “super power,” saying it sets the candidate apart.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Jack Dorsey, Twitter’s cofounder and former CEO, has endorsed Democratic presidential contender Robert F. Kennedy, Jr.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nOn Sunday, the influential tech billionairetweetedaFoxNews YouTubevideoentitled “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024” writing, “He can and will.”\nAsked whether he was endorsing or predicting, hereplied, “Both.”\nKennedy, a nephew of President John F. Kennedy and the son of his slain brother Robert F. Kennedy, is like Dorsey a strong believer in Bitcoin, which he recentlydescribed asan “exercise in democracy.”\nLast month, Kennedy delivered a well-receivedkeynote addressat a Bitcoin conference in Miami. He called Bitcoin a “bulwark” against “government and corporate expansion and intrusion.”\n“As president, I will make sure that your right to hold and use Bitcoin is inviolable," he added.\nHe pledged to defend the right of self-custody of Bitcoin and other digital assets. “You should be able to own your own private keys, the same as you own the keys to your car or own your wallet…I don’t think the government has the right to demand access to your Bitcoin key or indeed any of your passwords. To say otherwise to cede essential territory to surveillance state.”\nAn anti-vaccine activist, Kennedy frequently andcontroversiallyattacked Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, over the way he handled the pandemic, accusing him of orchestrating “fascism” and writing abookon the topic.\nWhen a Twitter user commented there was “not a chance the DNC [Democratic National Committee] allows him to be nominated,” Dorseyreplied, "Even more reason.” He lateraddedthat the DNC “seems more irrelevant by the day” and wrote “end of an empire,” to whichTeslaCEO and current Twitter owner Elon Muskreplied withtwo fire emoji.\nEarlier on Sunday, Musktweetedthat he’ll host Kennedy in the Twitter Spaces audio platform on Monday afternoon. Dorseyrepliedto that by writing, “Excellent.”\nThe event came together quickly, with MuskaskingKennedy Friday on Twitter, “Would you like to do a Spaces discussion with me next week?” Kennedyrepliedin the affirmative, and Dorseychimed in, “This would be great.”\nTwitter Spaces also figured large in politics last month, when Republican Florida governor Ron DeSantis announced his presidential bid there, although technical glitchesmarred the event.\nOn Friday evening, Musktweeted, "System is being upgraded & stress-tested in advance of @RobertKennedyJr interview on Monday.”\nWhen a Twitter user commented that Kennedy’s shaky voice is “an issue,” Dorseyrepliedby calling it a “super power,” saying it sets the candidate apart.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin cryptocurrencies. However, Solana and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was approved to raise the debt ceiling, with the bill signed by U.S. President Joe Biden on Saturday to avoid a government default. U.S. Stock futures were trading flat on Monday morning in Asia. Investor focus has shifted to what will be the next move on interest rates by the Federal Reserve when it meets on June 14. Bitcoin, Ether trade flat; Solana, XRP gain Bitcoin edged up 0.87% over the last 24 hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency fell to as low as $26,574 on Friday. Ether traded 0.67% higher in the past 24 hours to US$1,904, little changed for the week. Most other top 10 non-stablecoin cryptocurrencies traded flat. The exceptions were a 4.69% price jump for Solana, and a 4.19% gain for XRP. Solana\x92s move comes just as non-fungible token (NFT) secondary sales on the Solana network rose 21.62% over the last 24 hours, according to data from CryptoSlam. XRP is up 12.06% over the past week, gaining momentum after the XRP community reacted to the draft bill Digital Asset Market Structure Proposal released Friday by Republicans that seeks clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP lawyer Jeremy Hogan tweeted that the discussion draft could be known as an \x93XRP holder protecting\x94 act. The Securities Clarity Act. Also known as the: "XRP holder protecting/Coinbase & Binance relieving/Crypto start-up protecting/USA Pro-innovation/Hinman speech codifying/Stick it to the SEC/ ACT." For short. https://t.co/31gn4u7mOi pic.twitter.com/akNNXEJleb \x97 Jeremy Hogan (@attorneyjeremy1) June 2, 2023 \x93Investor sentiment across both digital assets as well as traditional finance appears to be in a holding pattern waiting for further indications from the U.S. Federal Reserve and other central banks as to anticipated interest rate movements in the third quarter of this year,\x94 Nathan Simmons, chief compliance officer of Hong Kong-based digital asset platform VDX, said late Friday. Story continues NFT 500 index falls, May transaction volume surges The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.58% to 3,281.22 in the 24 hours to 9:30 a.m. in Hong Kong, adding to a 2.38% weekly loss. The Forkast ETH NFT Composite index was down 1.17% in the same period, logging a 1.38% weekly decline. NFT sales on Ethereum fell 10% over the last 24 hours to US$23.65 million, but gained 83.97% in the past week. Sales on the Bitcoin network dropped 31.9% to US$3.82 million, but still recorded a 30% weekly increase. Bored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$5.1 million, followed by Azuki\x92s US$3.4 million and Mutant Ape Yacht Club\x92s US$1.7 million. Uncategorized Ordinals \x96 recently popular Bitcoin Ordinals that are not part of an established collection \x96 recorded a 45.24% drop to US$1.4 million in sales over the past 24 hours, but its seven-day sales gained 7.85%. DMarket , a Mythos blockchain-based collection of gaming NFTs, continued gaining momentum with a 18.34% rise in sales to US$1.35 million in the last 24 hours. Notably, the number of NFT transactions reached 8.9 million in May, the largest since February 2022, according to CryptoSlam data. \x93Before we get too excited we need to understand that the NFT landscape is vastly different from last year,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, wrote in a commentary on Sunday. \x93Today, we have projects like DMarket\x92s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn\x92t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses,\x94 Petscher added. Biden signs debt bill; China, Japan services sectors expand in May U.S. President Joe Biden. Image: Getty Images U.S. stock futures traded mixed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, while S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.32%. Crude oil prices rose after the OPEC+ group of oil-producing countries on Sunday decided to extend output cuts through next year, which could be an inflationary factor. On Saturday, U.S. President Joe Biden signed into law a bill to avoid a government default. The bill, passed by the U.S. Senate on Thursday, would suspend the U.S.\x92 debt limit through January 1, 2025. \x93I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid,\x94 Biden tweeted on Saturday. In Asia, China\x92s services sector extended its recovery in May, with Caixin China General Services Purchasing Managers\x92 index (PMI) climbing to 57.1 from April\x92s 56.4. \x93Both services supply and demand expanded further in May,\x94 Wang Zhe, senior economist of Caixin Insight Group, said in the PMI report . \x93Services activity continued to rebound after China scrapped its \x91zero-Covid\x92 policy in December.\x94 Japan\x92s service sector also expanded in May, according to surveys by au Jibun Bank. Its Japan Services PMI for May came in at 55.9, or higher than 55.4 in April. \x93The Japanese service sector continued on its upward trend that began at the end of last year during May, with latest PMI data pointing to back-to-back record increases in business activity, new orders and exports,\x94 Usamah Bhatti, an economist at S&P Global Market Intelligence, said in the report. \x93Firms were buoyed by the easing of the few remaining pandemic restrictions and have noted strong increases in demand, notably from overseas and inbound tourism,\x94 Bhatti added. (Updates with NFT and equities sections.)', 'Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin cryptocurrencies. However, Solana and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was approved to raise the debt ceiling, with the billsignedby U.S. President Joe Biden on Saturday to avoid a government default. U.S. Stock futures weretrading flaton Monday morning in Asia. Investor focus has shifted to what will be the next move on interest rates by the Federal Reserve when it meets on June 14.\nBitcoin edged up 0.87% over the last 24 hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fell to as low as $26,574 on Friday.\nEther traded 0.67% higher in the past 24 hours to US$1,904, little changed for the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat. The exceptions were a 4.69% price jump for Solana, and a 4.19% gain for XRP.\nSolana’s move comes just as non-fungible token (NFT) secondary sales on the Solana network rose 21.62% over the last 24 hours, according todatafrom CryptoSlam.\nXRP is up 12.06% over the past week, gaining momentum after the XRP community reacted to the draft bill Digital Asset Market Structure ProposalreleasedFriday by Republicans that seeks clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP lawyer Jeremy Hogantweetedthat the discussion draft could be known as an “XRP holder protecting” act.\n“Investor sentiment across both digital assets as well as traditional finance appears to be in a holding pattern waiting for further indications from the U.S. Federal Reserve and other central banks as to anticipated interest rate movements in the third quarter of this year,” Nathan Simmons, chief compliance officer of Hong Kong-based digital asset platform VDX, said late Friday.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 1.58% to 3,281.22 in the 24 hours to 9:30 a.m. in Hong Kong, adding to a 2.38% weekly loss.\nTheForkast ETH NFT Compositeindex was down 1.17% in the same period, logging a 1.38% weekly decline.\nNFT sales on Ethereum fell 10% over the last 24 hours to US$23.65 million, but gained 83.97% in the past week. Sales on the Bitcoin network dropped 31.9% to US$3.82 million, but still recorded a 30% weekly increase.\nBored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$5.1 million, followed by Azuki’s US$3.4 million and Mutant Ape Yacht Club’s US$1.7 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 45.24% drop to US$1.4 million in sales over the past 24 hours, but its seven-day sales gained 7.85%.\nDMarket, a Mythos blockchain-based collection of gaming NFTs, continued gaining momentum with a 18.34% rise in sales to US$1.35 million in the last 24 hours.\nNotably, the number of NFT transactions reached 8.9 million in May, the largest since February 2022, according to CryptoSlam data.\n“Before we get too excited we need to understand that the NFT landscape is vastly different from last year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, wrote in acommentaryon Sunday.\n“Today, we have projects like DMarket’s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn’t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses,” Petscher added.\nU.S. stock futures traded mixed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, while S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.32%.\nCrude oil pricesroseafter the OPEC+ group of oil-producing countries on Sundaydecidedto extend output cuts through next year, which could be an inflationary factor.\nOn Saturday, U.S. President Joe Biden signed into law a bill to avoid a government default. The bill, passed by the U.S. Senate on Thursday, would suspend the U.S.’ debt limit through January 1, 2025.\n“I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid,” Bidentweetedon Saturday.\nIn Asia, China’s services sector extended its recovery in May, with Caixin China General Services Purchasing Managers’ index (PMI)climbingto 57.1 from April’s 56.4.\n“Both services supply and demand expanded further in May,” Wang Zhe, senior economist of Caixin Insight Group, said in the PMIreport. “Services activity continued to rebound after China scrapped its ‘zero-Covid’ policy in December.”\nJapan’s service sector also expanded in May, according tosurveysby au Jibun Bank. Its Japan Services PMI for May came in at 55.9, or higher than 55.4 in April.\n“The Japanese service sector continued on its upward trend that began at the end of last year during May, with latest PMI data pointing to back-to-back record increases in business activity, new orders and exports,” Usamah Bhatti, an economist at S&P Global Market Intelligence, said in the report.\n“Firms were buoyed by the easing of the few remaining pandemic restrictions and have noted strong increases in demand, notably from overseas and inbound tourism,” Bhatti added.\n(Updates with NFT and equities sections.)', 'Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin cryptocurrencies. However, Solana and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was approved to raise the debt ceiling, with the billsignedby U.S. President Joe Biden on Saturday to avoid a government default. U.S. Stock futures weretrading flaton Monday morning in Asia. Investor focus has shifted to what will be the next move on interest rates by the Federal Reserve when it meets on June 14.\nBitcoin edged up 0.87% over the last 24 hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fell to as low as $26,574 on Friday.\nEther traded 0.67% higher in the past 24 hours to US$1,904, little changed for the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat. The exceptions were a 4.69% price jump for Solana, and a 4.19% gain for XRP.\nSolana’s move comes just as non-fungible token (NFT) secondary sales on the Solana network rose 21.62% over the last 24 hours, according todatafrom CryptoSlam.\nXRP is up 12.06% over the past week, gaining momentum after the XRP community reacted to the draft bill Digital Asset Market Structure ProposalreleasedFriday by Republicans that seeks clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP lawyer Jeremy Hogantweetedthat the discussion draft could be known as an “XRP holder protecting” act.\n“Investor sentiment across both digital assets as well as traditional finance appears to be in a holding pattern waiting for further indications from the U.S. Federal Reserve and other central banks as to anticipated interest rate movements in the third quarter of this year,” Nathan Simmons, chief compliance officer of Hong Kong-based digital asset platform VDX, said late Friday.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 1.58% to 3,281.22 in the 24 hours to 9:30 a.m. in Hong Kong, adding to a 2.38% weekly loss.\nTheForkast ETH NFT Compositeindex was down 1.17% in the same period, logging a 1.38% weekly decline.\nNFT sales on Ethereum fell 10% over the last 24 hours to US$23.65 million, but gained 83.97% in the past week. Sales on the Bitcoin network dropped 31.9% to US$3.82 million, but still recorded a 30% weekly increase.\nBored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$5.1 million, followed by Azuki’s US$3.4 million and Mutant Ape Yacht Club’s US$1.7 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 45.24% drop to US$1.4 million in sales over the past 24 hours, but its seven-day sales gained 7.85%.\nDMarket, a Mythos blockchain-based collection of gaming NFTs, continued gaining momentum with a 18.34% rise in sales to US$1.35 million in the last 24 hours.\nNotably, the number of NFT transactions reached 8.9 million in May, the largest since February 2022, according to CryptoSlam data.\n“Before we get too excited we need to understand that the NFT landscape is vastly different from last year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, wrote in acommentaryon Sunday.\n“Today, we have projects like DMarket’s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn’t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses,” Petscher added.\nU.S. stock futures traded mixed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, while S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.32%.\nCrude oil pricesroseafter the OPEC+ group of oil-producing countries on Sundaydecidedto extend output cuts through next year, which could be an inflationary factor.\nOn Saturday, U.S. President Joe Biden signed into law a bill to avoid a government default. The bill, passed by the U.S. Senate on Thursday, would suspend the U.S.’ debt limit through January 1, 2025.\n“I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid,” Bidentweetedon Saturday.\nIn Asia, China’s services sector extended its recovery in May, with Caixin China General Services Purchasing Managers’ index (PMI)climbingto 57.1 from April’s 56.4.\n“Both services supply and demand expanded further in May,” Wang Zhe, senior economist of Caixin Insight Group, said in the PMIreport. “Services activity continued to rebound after China scrapped its ‘zero-Covid’ policy in December.”\nJapan’s service sector also expanded in May, according tosurveysby au Jibun Bank. Its Japan Services PMI for May came in at 55.9, or higher than 55.4 in April.\n“The Japanese service sector continued on its upward trend that began at the end of last year during May, with latest PMI data pointing to back-to-back record increases in business activity, new orders and exports,” Usamah Bhatti, an economist at S&P Global Market Intelligence, said in the report.\n“Firms were buoyed by the easing of the few remaining pandemic restrictions and have noted strong increases in demand, notably from overseas and inbound tourism,” Bhatti added.\n(Updates with NFT and equities sections.)', 'Good morning. Here’s what’s happening: Prices: As Asia\'s trading day begins with a minor rise in Bitcoin and dip in Ether, experts predict a pre-FOMC market correction, underlining digital assets\' resilience amid US regulatory and debt challenges. Insights: The decline in the bitcoin options put/call ratio suggests that crypto investors are less worried than they were in June as U.S. lawmakers clashed over raising the country\'s debt ceiling. Prices CoinDesk Market Index (CMI) 1,185 +3.1 ▲ 0.3% Bitcoin (BTC) $27,109 +39.7 ▲ 0.1% Ethereum (ETH) $1,890 −2.9 ▼ 0.2% S&P 500 4,282.37 +61.4 ▲ 1.5% Gold $1,965 +12.5 ▲ 0.6% Nikkei 225 31,524.22 +376.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,185 +3.1 ▲ 0.3% Bitcoin (BTC) $27,109 +39.7 ▲ 0.1% Ethereum (ETH) $1,890 −2.9 ▼ 0.2% S&P 500 4,282.37 +61.4 ▲ 1.5% Gold $1,965 +12.5 ▲ 0.6% Nikkei 225 31,524.22 +376.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin and Ether Are Still Thriving As Asia begins its trading day, bitcoin is up 0.1% to $27,109, while Ether is down slightly to $1,890. BitBull Capital’s Joe DiPasquale says the theme this week will be correction and consolidation before the next FOMC meeting minutes are released on June 14. “We had been expecting a correction and consolidation between $25K and $27K levels, and that’s what we have been witnessing over the last month,” he told CoinDesk in a note. “While we haven’t had a major test of $30K, another attempt of the key resistance level would not be surprising.” Mark Connors, head of research for digital asset manager 3iQ, points out that it\'s impressive that the digital asset market is still thriving despite the hostile regulatory environment in the U.S. This is all thanks to a market that continues to be concerned about the unprecedented debt issuance within the U.S. Story continues “With equity and debt markets wondering how much the U.S. Treasury\'s renewed debt issuance will impact liquidity and thereby market prices, digital assets are taking matters into their own hands,” he wrote to CoinDesk. Connors writes that despite 2023\'s focus on Bitcoin\'s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum\'s post-merge performance, including an unexpected non-impact of staking \'unlock,\' increased staking demand, and realized deflationary promise with over 250k ETH \'burned,\' is garnering market attention. “So while the fate of the $500 trillion equity and debt markets hinges on the ability of central banks and treasury departments to provide much-needed liquidity, the bellwether digital assets bitcoin and ether are taking care of business, and the market is responding – even if institutions and regulators are not,” he told CoinDesk. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +11.5% Smart Contract Platform Decentraland MANA +4.4% Entertainment XRP XRP +3.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −1.5% Entertainment Polygon MATIC −0.9% Smart Contract Platform Polkadot DOT −0.8% Smart Contract Platform Insights Bitcoin Put/Call Ratio Declines Following Recent Debt Deal Derivatives data shows a recent reduction in a metric that is prone to rise when bearish sentiment increases. The bitcoin options put/call ratio across exchanges is currently 0.47, down from 1.34 to begin in June. (Glassnode) The buyer of a put has purchased the right to sell the asset at a specified price, while the buyer of a call is purchasing the right to buy the asset. The relationship between the two can indicate investor sentiment, particularly when rising or falling to extreme levels The volume of purchased puts and calls is measured over the most recent 24 hours, with levels above one signaling bearishness, and levels below one implying the opposite. The recent decline indicates that fewer traders are looking to purchase downside protection against future price declines. The spike in protection toward the end of the prior month, was likely tied to concerns about the debt deal recently agreed to by Democrats and Republicans. Important events. 9:45 a.m. HKT/SGT(1:45 UTC) China Caixin Services PMI (May) 10:00 p.m. HKT/SGT(14:00 UTC) United States ISM Services PMI (May) 7:30 a.m. HKT/SGT(23:30 UTC) Japan\'s Overall Household Spending (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong : Bitcoin (BTC) was rising slightly above $27,000 after the U.S. added 339,000 in May, which was better than economists\' expectations. Coinbase institutional head of research David Duong shared his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the impact of Hong Kong\'s Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacted to the latest state legislation impacting bitcoin miners in Texas. Headlines DeFi Tokens Rose in a Turbulent Week, CoinDesk Market Index : Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds. Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software : The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April. Sotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion : Sotheby’s will sell Dmitri Cherniak\'s landmark NFT at a live auction this month, while Mercedes Benz released the \'Maschine\' and Nike teamed up with EA Sports. Coinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures : These products come on the back of the nano futures that were launched last year. Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain : The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.', 'Good morning. Here’s what’s happening:\nPrices:As Asia\'s trading day begins with a minor rise in Bitcoin and dip in Ether, experts predict a pre-FOMC market correction, underlining digital assets\' resilience amid US regulatory and debt challenges.\nInsights:The decline in the bitcoin options put/call ratio suggests that crypto investors are less worried than they were in June as U.S. lawmakers clashed over raising the country\'s debt ceiling.\nCoinDesk Market Index (CMI)\n1,185\n+3.1▲0.3%\nBitcoin (BTC)\n$27,109\n+39.7▲0.1%\nEthereum (ETH)\n$1,890\n−2.9▼0.2%\nS&P 500\n4,282.37\n+61.4▲1.5%\nGold\n$1,965\n+12.5▲0.6%\nNikkei 225\n31,524.22\n+376.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+3.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,109", "+39.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,890", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,282.37", "+61.4\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,965", "+12.5\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,524.22", "+376.2\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin and Ether Are Still Thriving\nAs Asia begins its trading day,bitcoin is up 0.1%to $27,109, whileEther is down slightlyto $1,890.\nBitBull Capital’s Joe DiPasquale says the theme this week will be correction and consolidation before the next FOMC meeting minutes are released on June 14.\n“We had been expecting a correction and consolidation between $25K and $27K levels, and that’s what we have been witnessing over the last month,” he told CoinDesk in a note. “While we haven’t had a major test of $30K, another attempt of the key resistance level would not be surprising.”\nMark Connors, head of research for digital asset manager 3iQ, points out that it\'s impressive that the digital asset market is still thriving despite the hostile regulatory environment in the U.S. This is all thanks to a market that continues to be concerned about the unprecedented debt issuance within the U.S.\n“With equity and debt markets wondering how much the U.S. Treasury\'s renewed debt issuance will impact liquidity and thereby market prices, digital assets are taking matters into their own hands,” he wrote to CoinDesk.\nConnors writes that despite 2023\'s focus on Bitcoin\'s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum\'s post-merge performance, including an unexpected non-impact of staking \'unlock,\' increased staking demand, and realized deflationary promise with over 250k ETH \'burned,\' is garnering market attention.\n“So while the fate of the $500 trillion equity and debt markets hinges on the ability of central banks and treasury departments to provide much-needed liquidity, the bellwether digital assets bitcoin and ether are taking care of business, and the market is responding – even if institutions and regulators are not,” he told CoinDesk.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+11.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+4.4%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Put/Call Ratio Declines Following Recent Debt Deal\nDerivatives data shows a recent reduction in a metric that is prone to rise when bearish sentiment increases. The bitcoin options put/call ratio across exchanges is currently 0.47, down from 1.34 to begin in June.\nThe buyer of a put has purchased the right to sell the asset at a specified price, while the buyer of a call is purchasing the right to buy the asset. The relationship between the two can indicate investor sentiment, particularly when rising or falling to extreme levels\nThe volume of purchased puts and calls is measured over the most recent 24 hours, with levels above one signaling bearishness, and levels below one implying the opposite.\nThe recent decline indicates that fewer traders are looking to purchase downside protection against future price declines. The spike in protection toward the end of the prior month, was likely tied to concerns about the debt deal recently agreed to by Democrats and Republicans.\n9:45 a.m. HKT/SGT(1:45 UTC)China Caixin Services PMI (May)\n10:00 p.m. HKT/SGT(14:00 UTC)United States ISM Services PMI (May)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan\'s Overall Household Spending (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong:\nBitcoin (BTC) was rising slightly above $27,000 after the U.S. added 339,000 in May, which was better than economists\' expectations. Coinbase institutional head of research David Duong shared his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the impact of Hong Kong\'s Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacted to the latest state legislation impacting bitcoin miners in Texas.\nDeFi Tokens Rose in a Turbulent Week, CoinDesk Market Index:Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds.\nMarathon Digital Mined 77% More Bitcoin in May With the Help of Its Software:The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April.\nSotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion:Sotheby’s will sell Dmitri Cherniak\'s landmark NFT at a live auction this month, while Mercedes Benz released the \'Maschine\' and Nike teamed up with EA Sports.\nCoinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures:These products come on the back of the nano futures that were launched last year.\nCredit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain:The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.', 'Good morning. Here’s what’s happening:\nPrices:As Asia\'s trading day begins with a minor rise in Bitcoin and dip in Ether, experts predict a pre-FOMC market correction, underlining digital assets\' resilience amid US regulatory and debt challenges.\nInsights:The decline in the bitcoin options put/call ratio suggests that crypto investors are less worried than they were in June as U.S. lawmakers clashed over raising the country\'s debt ceiling.\nCoinDesk Market Index (CMI)\n1,185\n+3.1▲0.3%\nBitcoin (BTC)\n$27,109\n+39.7▲0.1%\nEthereum (ETH)\n$1,890\n−2.9▼0.2%\nS&P 500\n4,282.37\n+61.4▲1.5%\nGold\n$1,965\n+12.5▲0.6%\nNikkei 225\n31,524.22\n+376.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+3.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,109", "+39.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,890", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,282.37", "+61.4\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,965", "+12.5\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,524.22", "+376.2\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin and Ether Are Still Thriving\nAs Asia begins its trading day,bitcoin is up 0.1%to $27,109, whileEther is down slightlyto $1,890.\nBitBull Capital’s Joe DiPasquale says the theme this week will be correction and consolidation before the next FOMC meeting minutes are released on June 14.\n“We had been expecting a correction and consolidation between $25K and $27K levels, and that’s what we have been witnessing over the last month,” he told CoinDesk in a note. “While we haven’t had a major test of $30K, another attempt of the key resistance level would not be surprising.”\nMark Connors, head of research for digital asset manager 3iQ, points out that it\'s impressive that the digital asset market is still thriving despite the hostile regulatory environment in the U.S. This is all thanks to a market that continues to be concerned about the unprecedented debt issuance within the U.S.\n“With equity and debt markets wondering how much the U.S. Treasury\'s renewed debt issuance will impact liquidity and thereby market prices, digital assets are taking matters into their own hands,” he wrote to CoinDesk.\nConnors writes that despite 2023\'s focus on Bitcoin\'s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum\'s post-merge performance, including an unexpected non-impact of staking \'unlock,\' increased staking demand, and realized deflationary promise with over 250k ETH \'burned,\' is garnering market attention.\n“So while the fate of the $500 trillion equity and debt markets hinges on the ability of central banks and treasury departments to provide much-needed liquidity, the bellwether digital assets bitcoin and ether are taking care of business, and the market is responding – even if institutions and regulators are not,” he told CoinDesk.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+11.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+4.4%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Put/Call Ratio Declines Following Recent Debt Deal\nDerivatives data shows a recent reduction in a metric that is prone to rise when bearish sentiment increases. The bitcoin options put/call ratio across exchanges is currently 0.47, down from 1.34 to begin in June.\nThe buyer of a put has purchased the right to sell the asset at a specified price, while the buyer of a call is purchasing the right to buy the asset. The relationship between the two can indicate investor sentiment, particularly when rising or falling to extreme levels\nThe volume of purchased puts and calls is measured over the most recent 24 hours, with levels above one signaling bearishness, and levels below one implying the opposite.\nThe recent decline indicates that fewer traders are looking to purchase downside protection against future price declines. The spike in protection toward the end of the prior month, was likely tied to concerns about the debt deal recently agreed to by Democrats and Republicans.\n9:45 a.m. HKT/SGT(1:45 UTC)China Caixin Services PMI (May)\n10:00 p.m. HKT/SGT(14:00 UTC)United States ISM Services PMI (May)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan\'s Overall Household Spending (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong:\nBitcoin (BTC) was rising slightly above $27,000 after the U.S. added 339,000 in May, which was better than economists\' expectations. Coinbase institutional head of research David Duong shared his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the impact of Hong Kong\'s Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacted to the latest state legislation impacting bitcoin miners in Texas.\nDeFi Tokens Rose in a Turbulent Week, CoinDesk Market Index:Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds.\nMarathon Digital Mined 77% More Bitcoin in May With the Help of Its Software:The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April.\nSotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion:Sotheby’s will sell Dmitri Cherniak\'s landmark NFT at a live auction this month, while Mercedes Benz released the \'Maschine\' and Nike teamed up with EA Sports.\nCoinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures:These products come on the back of the nano futures that were launched last year.\nCredit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain:The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.', "Rosbank, one of Russia's largest banks, is reportedly venturing into the world of cryptocurrencies to facilitate cross-border payments. Despite being sanctioned by the U.S. Treasury Department last year, Rosbank has already conducted pilot transactions using digital assets, involving both corporate and private clients. While the specific cryptocurrency being used has not been disclosed, Rosbank is collaborating with fintech firm B-Crypto for the project. This move aligns with the statements made by Rosbank's owner, Vladimir Olegovich Potanin, who believes that tokenized assets and a central bank digital currency could drive the country's progress in the digital economy.\nRussia's stance on cryptocurrencies has been mixed. While the central bank expressed support for banningBitcoinmining and transactions, the finance ministry advocates for innovation and calls for regulation rather than stifling the industry. President Vladimir Putin has even suggested that Russia could become a Bitcoin mining hub. Additionally, the government recently abandoned plans for a state-run crypto exchange, opting instead to regulate private digital asset companies.", "Russia's Rosbank to Use Crypto for Cross-Border Transactions Russia's Rosbank to Use Crypto for Cross-Border Transactions Rosbank, one of Russia's largest banks, is reportedly venturing into the world of cryptocurrencies to facilitate cross-border payments. Despite being sanctioned by the U.S. Treasury Department last year, Rosbank has already conducted pilot transactions using digital assets, involving both corporate and private clients. While the specific cryptocurrency being used has not been disclosed, Rosbank is collaborating with fintech firm B-Crypto for the project. This move aligns with the statements made by Rosbank's owner, Vladimir Olegovich Potanin, who believes that tokenized assets and a central bank digital currency could drive the country's progress in the digital economy. Russia's stance on cryptocurrencies has been mixed. While the central bank expressed support for banning Bitcoin mining and transactions, the finance ministry advocates for innovation and calls for regulation rather than stifling the industry. President Vladimir Putin has even suggested that Russia could become a Bitcoin mining hub. Additionally, the government recently abandoned plans for a state-run crypto exchange, opting instead to regulate private digital asset companies.", "Mercado Bitcoin, a cryptocurrency exchange in Brazil, has received a license from the country's central bank to operate as a payment provider. This will allow the company to launch its fintech service MB Pay, which will offer digital banking solutions to its users using crypto assets. MB Pay will enable users to invest in digital fixed income, stake their crypto, and access other financial transactions. The company also plans to introduce a debit card that will allow users to convert their crypto into fiat currency.\nMercado Bitcoin is one of the leading crypto exchanges in B Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,685,609,725 - Hash Rate: 351468446.2892638 - Transaction Count: 359254.0 - Unique Addresses: 610475.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Binary Guardian Denver, CO, May 03, 2023 (GLOBE NEWSWIRE) -- Binary Guardian is one of the fastest growing online binary brands in the world. Voted the best crypto binary platform. The mission is to provide the most innovative binary experience. Also, binary guardian aims to deliver a first-class experience to digitally inclined traders, regardless of the size of their accounts. First founded in 2022 by a team of talented IT and FinTech specialists who wanted to prove that people dont need to compromise to earn on binary options, Binary Guardian has grown massively and now has over expanding members in 14 countries and counting! The platform is constantly working to ensure it is fast, accurate, and easy to use. INTRODUCING INSURED TRADE PLAN Over the past decade, since the internet debut of Bitcoin, cryptocurrency trading has become increasingly popular. Cryptocurrencies are digital coins which are created using blockchain or peer-to-peer technology that uses cryptography for security. Binary Guardian is offering multi-pairs of trending crypto around the world. As an API partner with world-recognized exchanges Binance and Trade View, the platform provides 24/7 Real-time Live Market Data, timely and accurate price charts, advanced charting tools, and more. Binary Guardian is now proudly presenting Insured Trade Plan for every trader. Traders can now trade and earn a fixed trading revenue daily by subscribing to the Insured Trading Plan. This Insurance plan covers every premium loss within 6 trades. Hence, traders can enjoy 0% risk of losing capital and navigate to maximise their trading profit. Varying degrees of coverage for different levels of hedging. SAFE AND TRUSTWORTHY PLATFORM As a regulated platform, Binary Guardian operates in a highly regulated environment, complying with relevant regulations and standards to ensure the safety of traders. Trust, transparency, and accountability always drive greater business impact. Binary Guardian has been regulated with MSB licences from the US Department of Treasury and is certified in good standing by the Colorado Secretary of State. We are ensuring compliance with all relevant rules and regulations under the supervision of the Financial Crimes Enforcement Network (FinCen) as well. Story continues In conclusion, Binary Guardian strives to provide innovative financial solutions to give users the edge they need in trading. Traders with absolute confidence and beat the market. Unleash a traders trading potential like never before. CONTACT: KIN JACK BINARY GUARDIAN CO., LTD hello-at-binaryguardian.io... - Reddit Posts (Sample): [['u/JerSucks', 'ITZY Weekly Discussion & Recap for May 29, 2023 - June 4, 2023', 18, '2023-06-05 00:23', 'https://www.reddit.com/r/ITZY/comments/140slrn/itzy_weekly_discussion_recap_for_may_29_2023_june/', '#Weekly Recap for May 29, 2023 - June 4, 2023\n\nWelcome to the r/ITZY Weekly Discussion & Recap!\n\nIn this thread we compile everything [ITZY](https://i.imgur.com/NecZAIu.jpg) has done this week for people who can\'t quite keep up with it all!\n\nThis post now also serves as our Weekly MIDZY Discussion Thread! That means this is an anything goes discussion thread. Feel free to talk about anything you\'d like with other MIDZY! All we ask is that you keep it safe for work!\n\n---\n\nCHESHIRE Era Stream Links \| \n\|--\|\n[Cheshire Music Video](https://youtu.be/zugAhfd2r0g) \|\n[Boys Like You Music Video](https://youtu.be/6uZy86ePgO0) \|\n[CHESHIRE on Spotify](https://open.spotify.com/album/2a1ezg7hE6Dyuymv1aCnkm?si=a55f8f9a8d734954) \|\n[CHESHIRE Album Discussion Thread](https://redd.it/z8ml5g)\n\n--\n\nLia - One Hundred Love (Romantic Doctor 3 OST Part.5) \|\n\|--\|\n[One Hundred Love](https://youtu.be/sQlaermnufs) \|\n[One Hundred Love (Making Ver.)](https://youtu.be/iphcBamQrjI) \|\n[On Hundred Love on Spotify](https://open.spotify.com/album/3tbF7tfZeQa9WnXmpclfiF?si=-RBgXMl7Q-OphBTcWJSXiw) \|\n\n--\n\nBlah Blah Blah Stream Links \| \n\|--\|\n[Blah Blah Blah Music Video](https://youtu.be/F-QTb-0wRGk) \|\n[Can\'t tie me down](https://www.youtube.com/watch?v=KHr4VVzE3zQ) \|\n[Blah Blah Blah on Spotify](https://open.spotify.com/track/5wOWpaKW92jhcm8pBOlrdR) \|\n\n\n\n---\n\n#Megathreads\n\n\|Thread\|\n--\|--\n\| [The First Album "CRAZY IN LOVE" (Era Recap)](https://redd.it/vnc53q)\n\| [The 1st World Tour "CHECKMATE" in North America (Megathread)](https://www.reddit.com/r/ITZY/comments/vng6x6/itzy_the_1st_world_tour_checkmate_in_north/)\n\| [The 1st World Tour "CHECKMATE" in SEA Megathread](https://redd.it/yqycl9)\n\| [The 6th Mini Album "CHESHIRE" (Pre-order Guide)](https://www.reddit.com/r/ITZY/comments/ysmu3k/itzy_the_6th_mini_album_cheshire_preorder_guide/)\n\n\n\n---\n\n##Teasers\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230531 \| [ITZY - The 1st World Tour in Seoul (DVD & Blu-ray Preview)](https://youtu.be/p-nVyaIFGg8) \| [Thread](https://redd.it/13w7tl3)\n\n\n---\n\n##Social Media\n\n*Twitter\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230531 \| [ITZY - The 1st World Tour in Seoul (Pre-order & Packaging)](https://twitter.com/ITZYofficial/status/1663726996185309184) \| [Thread](https://redd.it/13w95rf)\n230531 \| [Lia & Chaeryeong - 📻 ITZY <Buddy Date> 📻 🎙 DJ & Corner Notification of the Week](https://twitter.com/ITZYofficial/status/1663832701898485760) \| [Thread](https://redd.it/13wjuju)\n230602 \| [Lia & Chaeryeong - ITZY <Buddy Date> - Guessing each other\'s quiz 🙋 #CHERRY](https://twitter.com/ITZYofficial/status/1664557479873896448) \| [Thread](https://redd.it/13y829t)\n230602 \| [Lia & Chaeryeong - Playlist of today\'s <Buddy Date> DJ #CHERRY💕](https://twitter.com/ITZYofficial/status/1664565016748515328) \| [Thread](https://redd.it/13y82kx)\n230604 \| [Chaeryeong - B-DAY TRACK #65 “CHAERYEONG” (Teaser)](https://twitter.com/ITZYofficial/status/1665282243252879365) \| [Thread](https://redd.it/1406y2n)\n230605 \| [Happy Chaeryeong Day!](https://twitter.com/ITZYofficial/status/1665372841431420929) \| [Thread](https://redd.it/140gxsm)\n\nInstagram\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230528 \| [Yuna Update](https://www.instagram.com/p/CsxjvH9SNFW) \| [Thread](https://redd.it/13ts4gm)\n230530 \| [Yuna Update](https://www.instagram.com/p/Cs2szfny82p/?hl=en)) \| [Thread](https://redd.it/13vi9p2)\n\n\nMisc SNS\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230528 \| [BOY STORY Douyin Update with Yeji & Ryujin - 哈?!(What’s Poppin) Challenge](https://v.redd.it/dipff9fydm2b1) \| [Thread](https://redd.it/13u87zs)\n230529 \| [kutv.official Instagram Update with ITZY [1]](https://www.instagram.com/p/Cs0HKDrPA3X) \| [Thread](https://redd.it/13usnx3)\n230529 \| [kutv.official Instagram Update with ITZY [2]](https://www.instagram.com/p/Cs0FCbqvU59) \| [Thread](https://redd.it/13usnx3)\n\n\n---\n\n##Videos\n\n\nOfficial Videos (kr)\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230528 \| [Lia - One Hundred Love (Romantic Doctor 3 OST Part.5)](https://youtu.be/sQlaermnufs) \| [Thread](https://redd.it/13v4s7w)\n230530 \| [ITZY? ITZY! EP.137](https://youtu.be/g_B35gcN1nY) \| [Thread](https://redd.it/13vl311)\n230601 \| [IT\'z TOUR BOOK EP.22](https://youtu.be/rhPaO_sxIpA) \| [Thread](https://redd.it/13xci4o)\n230602 \| [Buddy Date EP.09 (Lia & Chaeryeong)](https://youtu.be/dUW4zqgsmKU) \| [Thread](https://redd.it/13y7n2f)\n230605 \| [Chaeryeong - Blueming (Orig. IU)](https://youtu.be/BxZSa6rcctU) \| [Thread](https://redd.it/140fmm5)\n\n---\n\n\n###Member Subs - r/Yeji - r/ChoiJisu - r/Ryujin - r/Chaeryeong - r/Yuna\n \n###Memes & Media Subs - r/itzymemes - /r/MIDZY \n\n##Subreddit Links & Info\n\n[Last weeks Recap](https://redd.it/13uk99m)\n\n[Weekly Recap Archive](https://www.reddit.com/r/ITZY/wiki/recap)\n\n[Variety Appearance Archive](https://www.reddit.com/r/ITZY/wiki/variety)\n\n[Performance Archive](https://www.reddit.com//r/ITZY/wiki/music-shows)\n\n[V LIVE Archive](https://www.reddit.com//r/ITZY/wiki/vlive)\n\n[Discography](https://www.reddit.com//r/ITZY/wiki/discography)\n\n---\n\n##[ITZY Discord](https://discord.gg/kxWER8p)', 'https://www.reddit.com/r/ITZY/comments/140slrn/itzy_weekly_discussion_recap_for_may_29_2023_june/', '140slrn', [['u/satomatic', 12, '2023-06-05 03:16', 'https://www.reddit.com/r/ITZY/comments/140slrn/itzy_weekly_discussion_recap_for_may_29_2023_june/jmxn6zu/', 'anyone think the next project will feature itzy writing credits? it’s long overdue and i know at least some, if not all, the members have been writing and composing when they have a free moment. \n\nitzy is at a point in time where they really deserve to be contributing to their own material and it would be a new element for the fanbase to appreciate.', '140slrn']]], ['u/SufficientDrink187', '5 Bitcoin to retire in 2025?', 94, '2023-06-05 01:15', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/', 'I was discussing today with a few fellow bitcoiners about the 2024/2025 possible halving outcome, and the purchasing power of bitcoin enough to retire (lean fire, nothing to fancy, just stop working and replace income with bitcoin selling each month) at 35/40.\n\nWe calculated an aproximate of 2M needed to retire living a frugal life. Giving we are pretty young, but we would ONLY sell the needed sats to survive each month, the remaining stash would appreciate over time.\n\nSome said 3 would be enough, others said 5, others said 8-10, and the most pessimistic one said 50 btc.\n\nI said 8. I think 250k is a real possibility, so 8 would give the 2M usd needed.\n\nI wanted to add a few more opinions about this. Given this conditions, how many you think would be enough to reach 2M in 2024/2025?\n\nEdit: as a Maxi, I hate still thinking in USD conversions and value, but reality hits hard here and we will still need to think in USD value for the next couple of years at least.', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/', '140u4f0', [['u/SocalDistortion', 90, '2023-06-05 01:32', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxa6de/', "With each peak comes a massive 70-80% drawdown. Using your Sats to live off of on a monthly basis may be difficult during the bear market. \n\nI think if you were to try and live off Bitcoin, you'd need to sell enough at this next top to account for living expenses the next 4 years. Of course this assumes the 4 year cycle remains in-tact.\n\nThere is always the possibility of using your Bitcoin and taking out a loan against it as well. Live off the loan, pay the loan down with another loan or negotiate to extend. Hopefully there will be good competitive loan products out in a couple years.", '140u4f0'], ['u/Umpire_State_Bldg', 20, '2023-06-05 01:36', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxaow5/', "You're:\n thinking\n* planning\n* discussing the future in a rational way\n\nThis puts you far, far ahead of the average...", '140u4f0'], ['u/SufficientDrink187', 13, '2023-06-05 01:39', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxb44o/', 'That’s the only why my mind works. Sadly, it usually ends in lots of suffering. \n\nbut if my calculations and speculation works like I think it will, getting out of the rat race and being free from work (my biggest goal in life and the reason I’m all in in BTC) suddenly becomes achievable, and that gives me a very dangerous sense of hope.', '140u4f0'], ['u/MMinjin', 36, '2023-06-05 02:08', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxemaq/', "First. No way.\n\nSecond. 2M is probably too low to retire in your thirties with very uncertain inflation. If you run out of money and need to come back in your 40s/50s, good luck with age bias and no recent job experience. You really need to sock it away to retire that early. Very risky if you don't. And depending on a single asset to maintain value for the next 50 years? You've definitely taken your fill of the kool aid.\n\nedit: I see from your post history that you are Argentinian. If that's the case then the 2M figure might be fine after all but my point still stands on being very careful before you throw away your most productive years. Coming back to the work force won't be easy.", '140u4f0'], ['u/billy_bitchtits', 15, '2023-06-05 02:17', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxfs9h/', '"I think 250k is a real possibility"\n\nwhat makes you think this?', '140u4f0'], ['u/Electrical_Catch', 14, '2023-06-05 02:23', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxglgp/', "I'll just say this when everyone thinks something will happen it usually doesn't i.e. BTC 100k December 2021. Ppl thinking it will go to to 250k next cycle. I don't see it happening for a myriad of reasons including this one where it usually goes opposite of what most ppl think will happen. I don't see it cracking 100k next cycle IF there is even a cycle anymore.", '140u4f0'], ['u/HaveRewengey', 32, '2023-06-05 04:42', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxxu9g/', "The only issue is that you're relying on being able to time the market. If you get it wrong and BTC takes off, or the draw down is too much, you'll potentially lose your stack.", '140u4f0'], ['u/GooglephonicStereo', 11, '2023-06-05 04:44', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxy0cx/', "That's oligarchy propoganda", '140u4f0'], ['u/Iamgod189', 19, '2023-06-05 04:46', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxy8iq/', 'This plan is really dumb, like all other leanfire plans.\n\nBest plan is to build wealth to that point. Then work part time to pay for expenses.\n\nRetiring at 35ish has a huge chance of failure later on. Also, what are you going to do? Mind as well work a small amount to be in a good spot.', '140u4f0'], ['u/TreS-2b', 10, '2023-06-05 05:22', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy2bkj/', "I don't love labor.", '140u4f0'], ['u/Sea-Deer-6355', 27, '2023-06-05 05:27', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy2uln/', 'If you have 5 BTC you’ll be able to retire in the next bull run….if you live in the Philippines.', '140u4f0'], ['u/looneytones8', 10, '2023-06-05 05:54', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy5pd6/', 'Bitcoin has crossed the event horizon', '140u4f0'], ['u/Kwicksred', 17, '2023-06-05 06:38', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy9wk1/', 'Exactly this will happen', '140u4f0'], ['u/Secret_Operative', 14, '2023-06-05 06:51', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmyb5kn/', "It's too funny that people think not having a job means you'll have nothing to do during the day. Use your imagination.", '140u4f0'], ['u/ScamJustice', 11, '2023-06-05 07:53', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmygfn9/', 'Keep working until 2030. 5 BTC will be more than enough to retire early', '140u4f0'], ['u/good0798', 43, '2023-06-05 08:02', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmyh46c/', 'So instead of actually possessing the net worth required to support your plan … your plan is to possess roughly 1/9th of the assets required and then assume that they will appreciate by 930+% in time to support the plan???\n\nGreat plan. Good luck with that.', '140u4f0'], ['u/kerstn', 10, '2023-06-05 08:45', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmykh2p/', 'I think this is the most prudent approach. The 4 year from a high-level or top-level might not be higher but is more likely to be in a similar range.\n\nThus wait for your number, maybe with a buffer and take 4-5 years of expenses back to currency. This way if the next cycle goes just slightly higher and you miss the top you should most definitely be okay.', '140u4f0']]], ['u/Klutzy_Squash', 'Someone used Bitcoin IRL to hire a hitman and got caught because of it', 92, '2023-06-05 04:05', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/', 'The Bitcoin led to the identity of the person who put out the hit because Coinhub got subpoenaed. Oh the irony.\n\nhttps://nypost.com/2023/06/04/woman-arrested-for-hiring-hitman-to-kill-wife-of-man-she-met-on-match-com/', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/', '140yoy0', [['u/ButtAnuston', 76, '2023-06-05 04:26', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmxvva2/', "SMDH, overreaching Orwellian GOVERNMENT not letting me kill my lover's spouse with my freedom coins 😤", '140yoy0'], ['u/RedneckOfFlatLands', 45, '2023-06-05 04:54', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmxz8x2/', "Bitcoin isn't even good for crime anymore.\n\nNext time she should use Monero!", '140yoy0'], ['u/Doughspun1', 26, '2023-06-05 05:42', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy4idb/', 'This would be a scam right? Like, why would an anonymous "hitman" who already has your coins actually commit the crime? \n\nThey are totally faceless to the buyer and face no repercussions.', '140yoy0'], ['u/amprok', 12, '2023-06-05 05:58', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy63hd/', 'I assume the payment was the deposit and the rest would be paid upon completion of the job. Also, lol crypto.', '140yoy0'], ['u/halloweenjack', 19, '2023-06-05 06:12', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy7ihb/', ">“This needs to appear to be random or accident. Or plant drugs, don’t want a lengthy investigation,” Sasser allegedly wrote on the now-defunct “Online Killers Market” site under the username “Cattree.”\n\nWait--there's [another one](https://www.nbcnews.com/news/us-news/parody-hitman-website-nabs-air-national-guardsman-allegedly-applied-co-rcna79927)? Guys, I--I'm starting to think that John Wick may not be real.", '140yoy0'], ['u/TheRealAndrewLeft', 13, '2023-06-05 06:13', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy7jm4/', "You would have an escrow smart contract that listens to an oracle that confirms the victim's dead certificate, only then the smart contract executes transferring your funds. \\s", '140yoy0'], ['u/Doughspun1', 13, '2023-06-05 06:15', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy7s8v/', 'Well why not keep the deposit and lol at the sucker? No way is it worth the risk to do the actual crime!', '140yoy0'], ['u/GrandMoffTargaryen', 17, '2023-06-05 06:52', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyb6oq/', 'Yeah but if you cheat the woman hiring a hit man what if they hire a second hit man to kill you? And then a third once the second runs off with the money. It’s hit men all the way down.', '140yoy0'], ['u/Doughspun1', 18, '2023-06-05 07:28', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyebv0/', 'Plot twist: All those hitmen are the same guy who found a lifetime income from one mark', '140yoy0'], ['u/robot_slave', 43, '2023-06-05 07:37', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyf3dm/', 'It would be a scam because "hitman" is a job that pretty much only exists in movies and pulp novels.\n\nFrom the article:\n\n>...using a fitness app to send real-time updates and information to a fake assassination website that eventually tipped off police, the Daily Beast reports.\n\nSo what happened here is she sent bit-coin to a scam site, and then the scammers got so weirded out by her updates that they reported her to the police.', '140yoy0'], ['u/Mecha_Magpie', 11, '2023-06-05 12:26', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyzwjx/', "Didn't this happen to the silk road guy? Like he commissioned multiple murders but all of them were scammers or FBI stings", '140yoy0'], ['u/barbe_du_cou', 30, '2023-06-05 12:44', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmz1ch4/', '>In December, prosecutors claim Sasser became active on the Online Killers Market website, often venting her frustration that no hitman had quickly taken the job. Sasser allegedly became so angry that she eventually took her complaints to the site administrator.\n\nLmao she asked for the manager of the hitman store', '140yoy0'], ['u/prigmutton', 10, '2023-06-05 14:44', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmzd2dw/', 'Peak libertarian utopia', '140yoy0']]], ['u/Dull-Soup-2640', 'I sold everything I had to buy 0.51 bitcoin. And I was accumulating in celsius. I lost it all and I still buy bitcoin everyday.', 187, '2023-06-05 04:10', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/', "I'm 23, been buying since 20. Lost 0.51 btc in celsius which was my entire net worth. When it all vanished I had -$5000 to my name. (Cc debt). Got a low tier Job (20 an hour before tax/deductions, about 13/hr after tax and deductions) and cleared the debt. \n\nKept buying btc every single day with my paychecks. Put it in a ledger. Ledger extracts seed. Currently waiting for cold card.\n\nCurrently at 0.28. I could have been a whole coiner by now.\n\nI am 3 years away from a college degree.. No real money until 2027 when i graduate. Am I going to be a whole coiner by end of this year? I don't think I can make that much money. What do you guys think.", 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/', '140yt7w', [['u/Tipyapha', 78, '2023-06-05 04:20', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmxv3eu/', 'I had a lot of BTC locked in mtgox but I never stopped buying it. This is the way!', '140yt7w'], ['u/Automatic-Ad3612', 18, '2023-06-05 04:51', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmxyuu5/', 'i still don’t get why hard working folks will keep there net worth on a CEX ..', '140yt7w'], ['u/Vivid_Slip_918', 33, '2023-06-05 05:20', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmy25h1/', 'I had 3 then lost it all to bills and bad fortunes. Building again I’m at .02!', '140yt7w'], ['u/Kiwip0rn', 21, '2023-06-05 06:35', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmy9nbz/', "I once had 54 (or 56) BTC, today, I do not... I feel this. \n\nI paid off the house, bought 4 vehicles, and a beach condo. Everything seems to break when crypto is at its low. \n\nMy wife's SUV will never be worth 2.89 BTC ever again. And I really screwed up my trades during Brexit by betting the wrong direction, then Panic bought at the high.\n\nIf it wasn't for Bad Luck, I wouldn't have any luck at all.\n\nKeep your head up! I am (we are) retired on my crypto since March 2020; selling the main house moving to the condo, and will be buying all I can with the proceeds.", '140yt7w'], ['u/Difficult-Republic72', 16, '2023-06-05 07:24', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmye1g0/', 'This is super interesting. I personally think you came out of this really well and are setting yourself up for a second run on the next cycle. We all have some regrets but I would be really proud of what you achieved for your family! Would love to hear more in depth break down of the facts and figures if you wanted to share! (This is my exit strategy come 2026)', '140yt7w'], ['u/HighlySuccessful', 15, '2023-06-05 07:28', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyedfx/', "Advertising, and herd mentality. The same reason people bought Ledger devices for years even though it's always been one of the shadiest hw companies out there. These days the only commodity more scarce than Bitcoin seems to be critical thinking.", '140yt7w'], ['u/dima054', 13, '2023-06-05 07:39', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyfa15/', 'If you can live on 25% of your income you are doing pretty good.', '140yt7w'], ['u/Kiwip0rn', 15, '2023-06-05 07:50', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyg67b/', 'Your exit should be last week of October or 1st week of November 2025... (just saying).\n\nI got caught up with a Price Target instead of the dates of the Cycle in 2021, or I would not be on Social Media, presently. And I believe it is FTX\'s fault (on paper only BTC) we didn\'t hit the price I expected \n\nWe live modesty, and the family\'s 4 cars are all VWs. I/we have no use for Lambos and "stuff."\n\nI pull ~$1500 out a week (>$80K a year) to live on, making that Swing Trading the CME Gap every weekend (this week sucked). We have no real bills now that the house is paid off.\n\nI learned while working that my wife will spend every penny if I make $40k per year or $160K per year. So, she now has $80K right now. In late 2025, she might get a raise.\n\nI will be selling 80% or more in October/November 2025 with the full intention of being an HNWI and moving to Greece (or somewhere on the Mediterranean that isn\'t Turkey). \n\nIf people want to see me/us, I will buy them a ticket because I don\'t intend to ever come back to the US purposely.', '140yt7w'], ['u/Forever_Change', 15, '2023-06-05 08:00', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyh06k/', "Bro same! I have 2.5btc on Celsius loans. It's been hell! It's been depressing. Its always on the back of my mind. I remember being hesitant to send the BTC but YouTube influencers were saying good things about it. I think this has been one of my worst mistakes. I'm 24 one year older than you. The 2.5 BTC plus the alt coins I had were worth 250k at ath, but just like you I had cc debt and had to sell the alts to pay off cc. I started over from $0. Hopefully I accumulate 2.5btc by 2025.", '140yt7w'], ['u/fverdeja', 14, '2023-06-05 09:03', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmylsx6/', 'The important part is that you understand the risks.\nNext time do a little more research on where you park your money, greed is the thieve of reason.\n\nYou can still use your ledger without updating as long as you use an Open Source wallet and never use Ledger live again.\n\nWith how much money you have already put into Bitcoin (two times) you should at least be a little more technical by necessity, do yourself a favour and put time instead of money.\n\nStop seeing Bitcoin as your one ticket out of poverty, that mentality will only destroy you again and again.', '140yt7w'], ['u/WineglassConnisseur', 15, '2023-06-05 09:05', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmym0gt/', 'Let’s be real. Self-custody is god damn terrifying. I do think it is the way to go, because if you let someone else or some institution custody anything you own, they will eventually steal all of it. Banks do this with savings via fractional reserve practices, and governments do this with land via property tax. Other assets don’t have this issue as much if you’re lucky, like stocks in the US have been a safe place for money, but you can’t know that you are in 1970s USA or some country that is otherwise indistinguishable but on a collision course with regime change.\n\nSo basically, self-custody and risk losing or having your Bitcoin stolen, or don’t self-custody and guarantee that your Bitcoin will eventually be stolen or siphoned off over a period of time.\n\nIdk, maybe I’m completely wrong with this take. But that’s what it seems like to me.', '140yt7w'], ['u/Davess010', 10, '2023-06-05 11:40', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmywl0h/', '>I learned while working that my wife will spend every penny if I make $40k per year or $160K per year. So, she now has $80K right now. In late 2025, she might get a raise.\n\nI had to laugh real hard because of this', '140yt7w'], ['u/iammasvidal', 13, '2023-06-05 13:15', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmz41ep/', 'Posts like this make me glad I never listened to any YouTube influencer. Buy send to cold storage for decades is the way', '140yt7w'], ['u/UnrealizedLosses', 10, '2023-06-05 14:35', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmzc2r3/', 'Fuck you Alex Mashinsky', '140yt7w']]], ['u/AutoModerator', '[Daily Discussion] - Monday, June 05, 2023', 38, '2023-06-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/', '1411gjz', [['u/zluckdog', 15, '2023-06-05 07:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmyfij6/', "I'm still long ^^^term ^^^holder", '1411gjz'], ['u/cousin_brian', 22, '2023-06-05 10:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmyrwws/', 'I’m in it for the tech anyways', '1411gjz'], ['u/Yodel_And_Hodl_Mode', 10, '2023-06-05 11:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmyueq0/', "I endorse this message and I yodel, but I'm in it for the hodl.", '1411gjz'], ['u/Outrageous-Net-7164', 12, '2023-06-05 16:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmzmydh/', 'Wow !\n\nDisgusting prediction.\n\nHope your miles off 🤞🏼', '1411gjz'], ['u/delgrey', 23, '2023-06-05 17:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmzvreq/', '"SEC Sues Binance and CEO Zhao of Breaking US Securities Rules"\n\nYay lets see if this shakes something loose.\n\n"The SEC has accused Binance of mishandling customer funds as well as lying to regulators and investors about its operations in 13 charges filed Monday.\n\nThe regulator said Binance had been mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by CZ.\n\nThe charges included misleading investors about the adequacy of its systems to detect and control manipulative trading. Regulators also said Binance did not take sufficient steps to restrict U.S. investors from accessing Binance’s unregulated exchange."', '1411gjz'], ['u/thewardser', 11, '2023-06-05 17:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn001bo/', "I've been short since $30,000\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/12z5qrt/daily_discussion_wednesday_april_26_2023/jhsllfs/", '1411gjz'], ['u/33virtues', 14, '2023-06-05 17:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0131u/', 'jeez\n\nstarting to feel like getting rich was easy compared to staying rich', '1411gjz'], ['u/delgrey', 12, '2023-06-05 17:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn019f6/', 'Funny thing is MSTR tanked an hour before the news broke out of CZ getting sued. Someone always knows something.', '1411gjz'], ['u/sl_crypto', 13, '2023-06-05 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn06l4f/', 'bear market while stocks go to the moon. just btc things', '1411gjz'], ['u/PatientlyWaitingfy', 10, '2023-06-05 18:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn079ty/', "BTC don't need Binance", '1411gjz'], ['u/puck2', 23, '2023-06-05 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn07u3v/', 'Binance is not Bitcoin. This is a "buy the dip moment', '1411gjz'], ['u/PieStraight541', 30, '2023-06-05 18:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn07xm0/', 'Sec sues binance is the new china bans bitcoin', '1411gjz'], ['u/borger_borger_borger', 10, '2023-06-05 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn08yuq/', "Most likely will be back above 26.5 within 24 hours. Headlines like these are great for opportunists and a guaranteed sell-high, buy-low trade. I personally don't see it dropping lower than 25.7 from here on, so if I had sold earlier I would be buying back in now.", '1411gjz'], ['u/noeeel', 17, '2023-06-05 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn094vi/', 'Buying here is a no brainer.', '1411gjz'], ['u/marsh2907', 27, '2023-06-05 19:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0dfv2/', "Love the SEC going after Binance to protect investors but in the process cause a market sell off. The SEC can go fuck themselves. They don't give a shit about the little guy.", '1411gjz'], ['u/PatientlyWaitingfy', 20, '2023-06-05 19:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0ds7e/', 'Bought back in at 25861 with the profits [taken at 27454](https://www.reddit.com/r/BitcoinMarkets/comments/13hwy0f/comment/jk7v0u9/?utm_source=share&utm_medium=web2x&context=3)\n\nTook 21 days, worth it', '1411gjz'], ['u/xtal_00', 11, '2023-06-05 19:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0gvg2/', 'This is about attacking off-ramps.\n\nThe SEC doesn’t give a shit about investors. FTX defrauded with impunity.', '1411gjz'], ['u/Order_Book_Facts', 11, '2023-06-05 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0jyxp/', 'You think it’s really a bad thing that CZ and his rich friends can’t play fuckboy games with special entitlements anymore? The crypto space will be better long term without this cancer.', '1411gjz'], ['u/ideit', 12, '2023-06-05 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0kd25/', "Down 5% in an hour over a Civil lawsuit isn't exactly ideal though", '1411gjz'], ['u/gore_skywalker', 14, '2023-06-05 19:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0lwrd/', 'Bullish long term. BNB ponzi and the Binance cartel need to be taken down before we can enter the next epoch.', '1411gjz'], ['u/_TROLL', 11, '2023-06-05 20:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0o7om/', "I think it's less about CBDCs than it is about diverting U.S. crypto business to favored establishment players, i.e. Fidelity, Schwab, maybe even JPMorgan... businesses that deliberately ignored and downplayed bitcoin for well over a decade, who now want in. But they otherwise can't compete from scratch against the likes of Binance and Coinbase. So they called their good friend Gary up to help them.", '1411gjz'], ['u/AccidentalArbitrage', 11, '2023-06-05 20:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0rbbf/', '2 years ago it would have been 25%.\n\n5 years ago it would have been 50%.', '1411gjz'], ['u/anon-187101', 11, '2023-06-05 20:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0s6ob/', '"Bitcoin, the world\'s biggest cryptocurrency, fell as much as 6% on the news..."\n\n"Binance\'s own...BNB...dropped by more than 5%."\n\n---\n\nIn what universe does that price action make sense?\n\nTells you all you need to know about cz casino games. He is propping up his shitcoin.', '1411gjz'], ['u/Outrageous-Net-7164', 14, '2023-06-05 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0uw1n/', 'All my bitcoins now finally stored on a ledger. \n\nWasn’t that complicated…… my irrational fear of managing my own keys has disappeared. \n\nI’m switching off now and forgetting about BTC for a few years. \n\nThank you to Gary G for the Binnance FUD as it pushed me to full self custody.', '1411gjz'], ['u/GenghisKhanSpermShot', 23, '2023-06-05 20:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0vn6v/', "You know how many times I have seen the SEC used as a pawn at bottoms. I think the big boys have them put out these announcements with no teeth to load up before the next run. Last time was XRP hitting .17 (I hate xrp fundamentally but not against using it for more BTC.) Charts lined up for a bottom and it went from .17 to $1.9. The SEC coming after them marked the bottom. I just played the charts and ignored the news and it worked put great. I think we're having another one of those moments with crypto as a whole.", '1411gjz'], ['u/PatientlyWaitingfy', 11, '2023-06-05 21:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0woig/', "/u/spinbarkit What's the status on your all in long, did it survive this dump?", '1411gjz'], ['u/spinbarkit', 29, '2023-06-05 21:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn12nrb/', "ye I'm fucked", '1411gjz'], ['u/VictorCobra', 11, '2023-06-05 23:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn1dtv4/', "Well, it only took a couple weeks since my last post on here for something interesting to happen. Been waiting for Binance to get the heat for quite some time. \n\n$26k - $31K is a very clever distribution range because once $25k broke to the upside, it meant traders would naturally stack up buys above that level. This created a great opportunity for insiders to unload into those bids. My speculation is that Binance has been well aware of what's coming, and their BUSD liquidity injection during the banking crisis panic was their last play. \n\nClosing this week below the 200 week MA opens the door for new lows. As I noted in [this post](https://www.tradingview.com/chart/BTCUSDT/GVFHPvUQ-Bitcoin-Moving-Averages-And-Fractals/), Bitcoin/SPX showed even greater weakness than BTC/USD. For BTC/USD, the weekly death cross will further be solidified on a break below the 50 week MA ($22241 on Coinbase). \n\nI actually would have been building a short position between $28-31k, but after my successful round of trades I decided to sit things out. I've been worried about broader liquidity in crypto markets, and I think things are about to get a lot worse in that department. Not comfy on exchanges, and certainly not comfy with stablecoins. \n\nI do not think it's very likely $25k holds, but we'll see. I'm still long-term bearish. That's it from me for now! Good luck everyone.", '1411gjz']]], ['u/Dextradomis', 'Chase Glitches Out, Bitcoin Continues To Run Smoothy, General Population Surprised.', 260, '2023-06-05 06:09', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/', 'Chase online banking bug causes double transactions and fees https://www.foxbusiness.com/markets/chase-online-banking-bug-causes-double-transactions-and-fees\n\nBuy Some Sats, Make A Node, Join A Pool. Be Your Own Bank.', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/', '1411o9p', [['u/Schwanzerfaust', 46, '2023-06-05 06:39', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/jmy9zpe/', 'Bankers are downvoting your post. :)', '1411o9p'], ['u/Danthehat6969', 18, '2023-06-05 09:35', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/jmyo2n8/', 'As much as I dislike greedy banks, Can I give myself a mortgage?', '1411o9p']]], ['u/rBitcoinMod', 'Daily Discussion, June 05, 2023', 39, '2023-06-05 08:05', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14034sf/daily_discussion_june_04_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/', '14149in', [['u/escodelrio', 11, '2023-06-05 14:20', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/jmzafqb/', "Historical Bitcoin prices for today, June 5th:\r \n\r \n2023 - $26,773\r \n2022 - $29,913\r \n2021 - $35,520\r \n2020 - $9,631\r \n2019 - $7,779\r \n2018 - $7,632\r \n2017 - $2,705\r \n2016 - $575\r \n2015 - $225\r \n2014 - $660\r \n2013 - $122\r \n2012 - $5.4\r \n2011 - $16.7\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/05/2023 is $9,146.92.", '14149in'], ['u/escodelrio', 12, '2023-06-05 18:38', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/jn09xn9/', "If you get scared over Bitcoin dropping 5% you really need to study the history of BTC's fiat price. Just shrug it off and keep stacking sats. You just got a 5% discount.", '14149in'], ['u/Old-Form8787', 10, '2023-06-05 19:15', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/jn0fnfs/', "this one's on me: I bought yesterday", '14149in']]], ['u/EducatorTotal2952', 'little bit of dreaming', 17, '2023-06-05 12:40', 'https://www.reddit.com/r/IOTAmarkets/comments/141aaze/little_bit_of_dreaming/', 'Im just curious what you people think what would be the best case scenario for IOTA? We by now have some idea where all of this is going. I am of the opinion that we are kind of on a edge of something. I cannot point finger at it yet ,but something is cooking. Can I prove it? No. Is it possible that I am completely wrong? Yes. \n\nYou see, the fact to the matter is that old naratives of crypto are in a retreat. There are some pockets of change that are pointing to the fact that the old narative is still fighting and triing to gain ground. For example El salvador is starting to love bitcoin and the adoption is increasing there(in case you are not familiar they made bitcoin its legal tender). It is completely possible that high inflation countries will follow same path of adoption if they see success from El Salvador. That would mean that the crypto will be starting to replace old fiat currencies in the future. From the logical standpoint one could argue that the cryptocurrencies in general are the superior, more atuned form of representing value. Why? Becouse of the concept of decentralization, digital nature , deflation, and invulnerability to all known attacks. And the very important fact, they cannot be medled with its supply, flooded with liquidity from central authorities and that does mean alot. If they were used instead of FIAT ones we would never made such a mess with all this inflation. The world would go from high spending to high saving. People would still buy stuff they need and by default start getting richer instead of poorer by the passage of time. Wouldnt that make a better world then the current one which operates under the false premise of infinite growth but with finite resources? In a perfect world, what would be the currency that fits the standards of mass adoption? Well, It would have to be completly green, with no unnecesary spending of energy. It would have a finite supply, one that in reality reflects the finite resources we have as a species. It would be decentralised, which means no meddling by any authority, It would be completly safe in its protocol, and ligtning fast and scalable. Now I think IOTA checks so many boxes that it is impossible to ignore for anyone who is familiar with it. Whether the world is recognising that fact at this point is irrelevant. But it is a fact that cryptocurrencies ARE superior form of value transfer and IOTA IS superior to all the current top dogs of this space. Even with all the flaws it currently has. Lets compare Doge with IOTA. In what insane world does the value od Doge deserves the 20x of value compared to IOTA? A pump and dump joke that has 0 development and absolutly 0 value except occasional pump from Elon with his insane proposition of "strangest thing usually wins" out of the ass argument which makes 0 sense. The thing that usually wins is the one that is Best built to serve and do what it was designed to do. Now how does IOTA compare to BTC, the coin that has 1000x its value? The transactions cost for BTC can vary between 2$ and a fu\\in 60$ per transaction. Now imagine scaling this to 100X or 1000X. What would be cost then? 1000$? 2000$? How in the fu\\k is this superior to IOTA which has 0 transaction costs? Is BTC green? No it is far from it. It spends so much energy that entire countries can be powered instead. it is consuming 127 terawatt-hours (TWh) a year . For example, Croatia, country in which Im in , consumes 17 terawatt-hours (TWh) a year. A country with 4 million people. How is this superior to IOTA, a coin that wastes no energy? Or lets talk about bottlenecks of BTC transactions. When the networks is not clogged, the transaction times usually lasts dozens of minutes, but when its clogged, the transactions times can be hours. IOTA by comparison is faster by each transaction . You see what im getting at? Even with all flaws of current state of IOTA(and they will improve) I just cant find a valid reason why we should be this low and top dogs where they are. I see no valid reason why we should lose ground in crypto space except for idiotic moon boys and speculators who are currently dominating the market. If the market starts moving in the direction of fair value(and it is supposed and designed to be doing that) then the IOTA WILL start gaining ground. When and how it will exactly happed I dont know , but im placing my chips that it will happen. Cheers and <3 people', 'https://www.reddit.com/r/IOTAmarkets/comments/141aaze/little_bit_of_dreaming/', '141aaze', [['u/NiGhTShR0uD', 13, '2023-06-05 13:34', 'https://www.reddit.com/r/IOTAmarkets/comments/141aaze/little_bit_of_dreaming/jmz5r4s/', '\nPeople only care about decentralisation. Look at the recent hacks of centralised services.\n\nWhen COO is removed, people will start looking at IOTA again.', '141aaze']]], ['u/_BinoMOBB', 'Open: TorrentSeeds \| General', 21, '2023-06-05 13:20', 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/', "Tracker's Name:\tTorrentSeedsGenre:\tGeneralSign-up Link:\t[https://torrentseeds.org/register/NEWDAWN2023](https://torrentseeds.org/register/NEWDAWN2023)Closing date:\tN/AAdditional information:\tTS is a 0Day General Torrent Tracker based on Unit3D script. TS has both an IRC channel and shoutbox which are both unfortunately pretty quiet but with more users comes more noise. \nIf you are looking for a chat I suggest using the forums as they seem more active.\xa0 \nOn the homepage users can participate in polls, view current and past site news, recent uploads and site stats.\xa0 \nStaff are currently looking for uploaders so if you like to contribute this is your chance. \nTorrentSeeds has a healthy flow of uploads with my favourites being the TV guide and upcoming movie release guide. \nDonating will give you VIP access which includes no slot restrictions, immunity to auto-bans if your ratio drops, invitations (only for VIP!), \npremium support and priority for first line support. You can currently donate from as little as 5 EUR up to 80 EUR with all donation packages \noffering a nice compensation for keeping the servers paid, if donating via Bitcoin you will receive a 10% discount. \nTorrentSeeds offers a 'karma bonus points' system which is super easy to build a little nest egg and spend from there. \nUsers are spoilt on this site not for only variety of torrents but with the donation benefits and the karma bonus points exchange. \n\xa0", 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/', '141b9ic', [['u/justanotherzee', 13, '2023-06-05 13:28', 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/jmz57ud/', "Everything is posted in RAR/Zip parts on this one. If you plan on streaming from here, it's not a nice experience.", '141b9ic'], ['u/BluePowderJinx', 17, '2023-06-05 13:41', 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/jmz6gnv/', "> Everything is posted in RAR/Zip parts on this one.\n\nBoy do I hate trackers like that. If I wanted to fuck around with archive parts then I'd just use Usenet.", '141b9ic']]], ['u/DerpJungler', 'Why the recent "apathy phase" is a great thing', 48, '2023-06-05 15:44', 'https://www.reddit.com/r/CryptoCurrency/comments/141f1z2/why_the_recent_apathy_phase_is_a_great_thing/', 'I would like to be the first "Analyst" that claims the current period as the "Apathy Period". No animals around. No bears, no bulls. Just pure apathy. \n\n1. As recent statistics show, Bitcoin google searches are at 2020 levels of low:\n\n\n\nhttps://preview.redd.it/vup63qjea74b1.png?width=2401&format=png&auto=webp&v=enabled&s=5f9fb29a403888c3ece3dcbf465c4a27b7966caf\n\nAlthough consistently higher than previous "apathy periods", bitcoin search volume is declining, mainly due to the fact that SBF is slowly becoming irrelevant (and hopefully sentenced soon) and we haven\'t seen any major ponzi schemes, algorithmic stablecoins and custodian wallets shitting the bed. \n\n2. BTC trading volume is also at its lowest, but I want to be optimistic and say that crypto bros like myself have finally learned the importance of self-custody and that bitcoin is actually meant to be kept in your own cold wallet. (insert joke about btc existing only in the blockchain)\n\n\n\n[Source: bitcoinity.org](https://preview.redd.it/i5298xcgb74b1.png?width=1547&format=png&auto=webp&v=enabled&s=9feaf6fa1d5c0d6ae789aef798980ca1292e416e)\n\n\n\n[Source: messari.io](https://preview.redd.it/h1s9n0fib74b1.png?width=1152&format=png&auto=webp&v=enabled&s=75db126f845d12788d830def1554e58e16a117a9)\n\nNow, why am I blabbering? I work as a traditional macro analyst. I get paid to an... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin tumbled to $25.4K at one point after the SEC sued crypto exchange giant Binance. Will markets rebound?\nInsights:stETH\'s market cap is now the seventh largest among digital assets. What\'s behind the move and will it last?\nCoinDesk Market Index (CMI)\n1,132\n−54.3▼4.6%\nBitcoin (BTC)\n$25,752\n−1337.8▼4.9%\nEthereum (ETH)\n$1,812\n−75.9▼4.0%\nS&P 500\n4,273.79\n−8.6▼0.2%\nGold\n$1,978\n+25.7▲1.3%\nNikkei 225\n32,217.43\n+693.2▲2.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,132", "\\u221254.3\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,752", "\\u22121337.8\\u25bc4.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,812", "\\u221275.9\\u25bc4.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,273.79", "\\u22128.6\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+25.7\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,217.43", "+693.2\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC lawsuit has crypto markets reeling\nThe crypto industry’s latest blow rocked digital asset prices on Monday.\nBitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and Exchange Commission(SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. The largest cryptocurrency by market capitalization treaded comfortably above $27,000 for much of the past week, but the allegations against Binance rekindled fears about industry integrity and the intent of regulators to exert more control over exchanges. Binance – and other exchanges – have been facing regulatory scrutiny for years.\n“The Binance news obviously led to a big sell-off, but the news itself wasn’t exactly surprising,” Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, told CoinDesk. “Rumors had been swirling for some time about forthcoming action against Binance.”\nBut Ras added that he wasn’t convinced “that we are going to experience massive liquidations,” similar to those following the 2022 implosions of Luna, Celsius and FTX. “Back then, we saw a great many forced sellers. I don’t think there are nearly as many forced sellers now as there were back then. I suspect that we’ll likely be in for a gradual recovery here.”\nEther also tumbles\nEther, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH andother major altcoinsfollowed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, and SOL, the native cryptocurrency of the Solana blockchain, recently plunged more than 10%. ADA and MATIC, the tokens of smart contract platforms Cardano and Polygon respectively, and popular meme coin DOGE were recently off more than 8%. Even litecoin, which has been rallying the past few weeks, fell more than 9%. The SEC suit called those tokens unregistered securities.\nTheCoinDesk Market Index, a measure of crypto markets performance, was down more than 6%. All six sectors that compose the Index, including DeFi, computing and culture and entertainment stumbled into negative territory. The crypto Fear & Greed Index remained in neutral, where it has largely stood for much of the year.\nIndustry stocks tumble\nIn a note to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull, called the SEC suit “unsurprising,” but also wrote that the exclusion of ether from the filing was “a good sign.” He added: “Unless any major developments impact Binance’s functioning, we don’t think the market is likely to lose a lot more.”\nWhile wider equity indexes, including the tech-heavy Nasdaq Composite and S&P 500, largely shrugged off the Binance hubbub, ticking down a few fractions of a percentage point,industry-focused stocks slumped. Coinbase stock fell more than 5% right after the filing was released and was off more than 9% at market close. Shares of MicroStrategy (MSTR), which holds a vast amount of bitcoin on its balance sheet, fell more than 8.5%, Bitcoin miners Riot Blockchain (RIOT), Marathon Digital (MARA) fell more than 8%, while Bitfarms (BITF) dropped more than 7.4%. Safe haven asset gold traded flat just below $1,980.\nSEC lawsuit fallout\nLawsuit fallout seemed to seep into all corners of the crypto universe. By Monday afternoon (ET), Binance had suffered more than a half-billion in net outflows, according to a Dune Analyticschartby crypto investment product provider 21Shares. Traders withdrew more than $1 billion of digital assets during this period, compared to the $546 million in deposits, per the chart. According to crypto data platform CoinGecko, the +2% depth for BTC on Binance is $2.7 million, which Charles Storry, head of growth at Phuture, a crypto index platform, told CoinDesk was "very low liquidity levels."\nIn a Telegram note to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted Binance had “continued to operate relatively normally since it was charged by the CFTC” earlier this year. “US users have also long been barred from accessing Binance,” he wrote. “It’s hard to pin down an element of this story that really changes the status quo.”\nHe added: “It’s important to keep in mind that Binance’s regulatory issues do not implicate bitcoin. It’s hard to imagine any traders looking at the SEC’s allegations and thinking that anything there is damaging for the bitcoin bull thesis. However, given the extent of cross collateralization in the space, paired with exaggerated correlations, it’s not surprising to see bitcoin selling off.”\nSologenic’s Ras believes that if the U.S. central bank pauses hiking interest rates this month or later in the summer, “we would likely see a return of seriously positive momentum.”\nBut he noted pessimistically that with investors in this market “feeling jittery, it will take time to restore confidence. The SEC’s actions are pushing many crypto projects out of the United States, and from this perspective, this is clearly becoming a net negative for the U.S. economy and innovation more generally.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221216.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}]\nLido’s stETH token is now the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko.\nstETH has edged out ADA because the market has grown comfortable with staking, and the market has been seeking out a staking solution that’s not going to be affected by U.S. regulatory uncertainty.\nSo far, the only unstaking parades have been from the shutdown of Kraken’s staking service – and a significant amount of that staked ether went right back into the system via stETH – and Celsius, whichmoved out of staking contracts on stETH and back into staking contractswith another provider.\nAll of this should be an endorsement of stETH, as there’s significant institutional trust in the staking mechanism behind it.As CoinDesk previously reported, surging demand for ether staking has led to a month-long wait for nearly 50,000 validators, particularly following the Shapella upgrade, which stimulated a deposit surge and an influx of new market participants, locking over 19 million ETH for staking. At the same time, analysts who have spoken with CoinDesk have continued todownplay fearsof any sort of price crash post the Shanghai upgrade – and continue to be proven right – highlighting the balance between new stakers and withdrawals, the inherent withdrawal limits and the mitigating effect of liquid staking derivatives.\nSo staking is a healthy market, and seems permanent. Lido dominates it by a long shot, controlling 28% of the market with $13.4 billion in total value locked, according to DeFi Llama data. And it\'s a competitive market too; there are 60 staking protocols with over $1 million in TVL. Lido’scloset competitor has $2.2 billion in TVL.\nThe only thing that could sink this ship is if a larger percentage of staked ether becomes profitable.Right now it’s just 31%, but we’re only one bank failure and DeFi summer away from that hitting 50%. Will there be a rush for withdrawals then?\n12:30 p.m. HKT/SGT(4:30 UTC)Australia Interest Rate Decision\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Retail Sales (YoY/April)\n10:00 p.m. HKT/SGT(14:00 UTC)Canada Ivey Purchasing Managers Index (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions\nBitcoin (BTC) was down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighed in. Plus, Blockchain Association CEO Kristin Smith joined to discuss the group\'s amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural Consensus @ Consensus report.\nBinance Withdrawal On Track to be Largest Since March Crypto Banking Crisis:Blockchain data shows that the exchange endured some $503 million in net outflows on Monday amid SEC charges.\nThe Lightning Network Doesn’t Fix Everything Wrong With Bitcoin:And that’s okay.\nSEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations:The company already faces a suit from the Commodity Futures Trading Commission.\nEl Salvador\'s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine:Stablecoin issuer Tether is among the investors in the new bitcoin mining site powered by solar and wind energy in El Salvador.\nBinance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange:Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”', 'Good morning. Here’s what’s happening: Prices: Bitcoin tumbled to $25.4K at one point after the SEC sued crypto exchange giant Binance. Will markets rebound? Insights: stETH\'s market cap is now the seventh largest among digital assets. What\'s behind the move and will it last? Prices CoinDesk Market Index (CMI) 1,132 −54.3 ▼ 4.6% Bitcoin (BTC) $25,752 −1337.8 ▼ 4.9% Ethereum (ETH) $1,812 −75.9 ▼ 4.0% S&P 500 4,273.79 −8.6 ▼ 0.2% Gold $1,978 +25.7 ▲ 1.3% Nikkei 225 32,217.43 +693.2 ▲ 2.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,132 −54.3 ▼ 4.6% Bitcoin (BTC) $25,752 −1337.8 ▼ 4.9% Ethereum (ETH) $1,812 −75.9 ▼ 4.0% S&P 500 4,273.79 −8.6 ▼ 0.2% Gold $1,978 +25.7 ▲ 1.3% Nikkei 225 32,217.43 +693.2 ▲ 2.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) SEC lawsuit has crypto markets reeling The crypto industry’s latest blow rocked digital asset prices on Monday. Bitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and Exchange Commission (SEC) filed suit against Binance , accusing the exchange giant of violating securities laws. The largest cryptocurrency by market capitalization treaded comfortably above $27,000 for much of the past week, but the allegations against Binance rekindled fears about industry integrity and the intent of regulators to exert more control over exchanges. Binance – and other exchanges – have been facing regulatory scrutiny for years. “The Binance news obviously led to a big sell-off, but the news itself wasn’t exactly surprising,” Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, told CoinDesk. “Rumors had been swirling for some time about forthcoming action against Binance.” But Ras added that he wasn’t convinced “that we are going to experience massive liquidations,” similar to those following the 2022 implosions of Luna, Celsius and FTX. “Back then, we saw a great many forced sellers. I don’t think there are nearly as many forced sellers now as there were back then. I suspect that we’ll likely be in for a gradual recovery here.” Story continues Ether also tumbles Ether, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH and other major altcoins followed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, and SOL, the native cryptocurrency of the Solana blockchain, recently plunged more than 10%. ADA and MATIC, the tokens of smart contract platforms Cardano and Polygon respectively, and popular meme coin DOGE were recently off more than 8%. Even litecoin, which has been rallying the past few weeks, fell more than 9%. The SEC suit called those tokens unregistered securities. The CoinDesk Market Index , a measure of crypto markets performance, was down more than 6%. All six sectors that compose the Index, including DeFi, computing and culture and entertainment stumbled into negative territory. The crypto Fear & Greed Index remained in neutral, where it has largely stood for much of the year. Industry stocks tumble In a note to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull, called the SEC suit “unsurprising,” but also wrote that the exclusion of ether from the filing was “a good sign.” He added: “Unless any major developments impact Binance’s functioning, we don’t think the market is likely to lose a lot more.” While wider equity indexes, including the tech-heavy Nasdaq Composite and S&P 500, largely shrugged off the Binance hubbub, ticking down a few fractions of a percentage point, industry-focused stocks slumped . Coinbase stock fell more than 5% right after the filing was released and was off more than 9% at market close. Shares of MicroStrategy (MSTR), which holds a vast amount of bitcoin on its balance sheet, fell more than 8.5%, Bitcoin miners Riot Blockchain (RIOT), Marathon Digital (MARA) fell more than 8%, while Bitfarms (BITF) dropped more than 7.4%. Safe haven asset gold traded flat just below $1,980. SEC lawsuit fallout Lawsuit fallout seemed to seep into all corners of the crypto universe. By Monday afternoon (ET), Binance had suffered more than a half-billion in net outflows, according to a Dune Analytics chart by crypto investment product provider 21Shares. Traders withdrew more than $1 billion of digital assets during this period, compared to the $546 million in deposits, per the chart. According to crypto data platform CoinGecko, the +2% depth for BTC on Binance is $2.7 million, which Charles Storry, head of growth at Phuture, a crypto index platform, told CoinDesk was "very low liquidity levels." In a Telegram note to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted Binance had “continued to operate relatively normally since it was charged by the CFTC” earlier this year. “US users have also long been barred from accessing Binance,” he wrote. “It’s hard to pin down an element of this story that really changes the status quo.” He added: “It’s important to keep in mind that Binance’s regulatory issues do not implicate bitcoin. It’s hard to imagine any traders looking at the SEC’s allegations and thinking that anything there is damaging for the bitcoin bull thesis. However, given the extent of cross collateralization in the space, paired with exaggerated correlations, it’s not surprising to see bitcoin selling off.” Sologenic’s Ras believes that if the U.S. central bank pauses hiking interest rates this month or later in the summer, “we would likely see a return of seriously positive momentum.” But he noted pessimistically that with investors in this market “feeling jittery, it will take time to restore confidence. The SEC’s actions are pushing many crypto projects out of the United States, and from this perspective, this is clearly becoming a net negative for the U.S. economy and innovation more generally.” Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −16.3% Smart Contract Platform Gala GALA −10.2% Entertainment Decentraland MANA −9.0% Entertainment Insights Lido’s stETH token is now the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. (Coingecko) stETH has edged out ADA because the market has grown comfortable with staking, and the market has been seeking out a staking solution that’s not going to be affected by U.S. regulatory uncertainty. So far, the only unstaking parades have been from the shutdown of Kraken’s staking service – and a significant amount of that staked ether went right back into the system via stETH – and Celsius, which moved out of staking contracts on stETH and back into staking contracts with another provider. All of this should be an endorsement of stETH, as there’s significant institutional trust in the staking mechanism behind it. As CoinDesk previously reported , surging demand for ether staking has led to a month-long wait for nearly 50,000 validators, particularly following the Shapella upgrade, which stimulated a deposit surge and an influx of new market participants, locking over 19 million ETH for staking. At the same time, analysts who have spoken with CoinDesk have continued to downplay fears of any sort of price crash post the Shanghai upgrade – and continue to be proven right – highlighting the balance between new stakers and withdrawals, the inherent withdrawal limits and the mitigating effect of liquid staking derivatives. So staking is a healthy market, and seems permanent. Lido dominates it by a long shot, controlling 28% of the market with $13.4 billion in total value locked, according to DeFi Llama data. And it\'s a competitive market too; there are 60 staking protocols with over $1 million in TVL. Lido’s closet competitor has $2.2 billion in TVL . The only thing that could sink this ship is if a larger percentage of staked ether becomes profitable. Right now it’s just 31% , but we’re only one bank failure and DeFi summer away from that hitting 50%. Will there be a rush for withdrawals then? Important events 12:30 p.m. HKT/SGT(4:30 UTC) Australia Interest Rate Decision 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Retail Sales (YoY/April) 10:00 p.m. HKT/SGT(14:00 UTC) Canada Ivey Purchasing Managers Index (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions Bitcoin (BTC) was down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighed in. Plus, Blockchain Association CEO Kristin Smith joined to discuss the group\'s amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural Consensus @ Consensus report. Headlines Binance Withdrawal On Track to be Largest Since March Crypto Banking Crisis : Blockchain data shows that the exchange endured some $503 million in net outflows on Monday amid SEC charges. The Lightning Network Doesn’t Fix Everything Wrong With Bitcoin : And that’s okay. SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations : The company already faces a suit from the Commodity Futures Trading Commission. El Salvador\'s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine : Stablecoin issuer Tether is among the investors in the new bitcoin mining site powered by solar and wind energy in El Salvador. Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange : Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tumbled to $25.4K at one point after the SEC sued crypto exchange giant Binance. Will markets rebound?\nInsights:stETH\'s market cap is now the seventh largest among digital assets. What\'s behind the move and will it last?\nCoinDesk Market Index (CMI)\n1,132\n−54.3▼4.6%\nBitcoin (BTC)\n$25,752\n−1337.8▼4.9%\nEthereum (ETH)\n$1,812\n−75.9▼4.0%\nS&P 500\n4,273.79\n−8.6▼0.2%\nGold\n$1,978\n+25.7▲1.3%\nNikkei 225\n32,217.43\n+693.2▲2.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,132", "\\u221254.3\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,752", "\\u22121337.8\\u25bc4.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,812", "\\u221275.9\\u25bc4.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,273.79", "\\u22128.6\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+25.7\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,217.43", "+693.2\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC lawsuit has crypto markets reeling\nThe crypto industry’s latest blow rocked digital asset prices on Monday.\nBitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and Exchange Commission(SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. The largest cryptocurrency by market capitalization treaded comfortably above $27,000 for much of the past week, but the allegations against Binance rekindled fears about industry integrity and the intent of regulators to exert more control over exchanges. Binance – and other exchanges – have been facing regulatory scrutiny for years.\n“The Binance news obviously led to a big sell-off, but the news itself wasn’t exactly surprising,” Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, told CoinDesk. “Rumors had been swirling for some time about forthcoming action against Binance.”\nBut Ras added that he wasn’t convinced “that we are going to experience massive liquidations,” similar to those following the 2022 implosions of Luna, Celsius and FTX. “Back then, we saw a great many forced sellers. I don’t think there are nearly as many forced sellers now as there were back then. I suspect that we’ll likely be in for a gradual recovery here.”\nEther also tumbles\nEther, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH andother major altcoinsfollowed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, and SOL, the native cryptocurrency of the Solana blockchain, recently plunged more than 10%. ADA and MATIC, the tokens of smart contract platforms Cardano and Polygon respectively, and popular meme coin DOGE were recently off more than 8%. Even litecoin, which has been rallying the past few weeks, fell more than 9%. The SEC suit called those tokens unregistered securities.\nTheCoinDesk Market Index, a measure of crypto markets performance, was down more than 6%. All six sectors that compose the Index, including DeFi, computing and culture and entertainment stumbled into negative territory. The crypto Fear & Greed Index remained in neutral, where it has largely stood for much of the year.\nIndustry stocks tumble\nIn a note to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull, called the SEC suit “unsurprising,” but also wrote that the exclusion of ether from the filing was “a good sign.” He added: “Unless any major developments impact Binance’s functioning, we don’t think the market is likely to lose a lot more.”\nWhile wider equity indexes, including the tech-heavy Nasdaq Composite and S&P 500, largely shrugged off the Binance hubbub, ticking down a few fractions of a percentage point,industry-focused stocks slumped. Coinbase stock fell more than 5% right after the filing was released and was off more than 9% at market close. Shares of MicroStrategy (MSTR), which holds a vast amount of bitcoin on its balance sheet, fell more than 8.5%, Bitcoin miners Riot Blockchain (RIOT), Marathon Digital (MARA) fell more than 8%, while Bitfarms (BITF) dropped more than 7.4%. Safe haven asset gold traded flat just below $1,980.\nSEC lawsuit fallout\nLawsuit fallout seemed to seep into all corners of the crypto universe. By Monday afternoon (ET), Binance had suffered more than a half-billion in net outflows, according to a Dune Analyticschartby crypto investment product provider 21Shares. Traders withdrew more than $1 billion of digital assets during this period, compared to the $546 million in deposits, per the chart. According to crypto data platform CoinGecko, the +2% depth for BTC on Binance is $2.7 million, which Charles Storry, head of growth at Phuture, a crypto index platform, told CoinDesk was "very low liquidity levels."\nIn a Telegram note to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted Binance had “continued to operate relatively normally since it was charged by the CFTC” earlier this year. “US users have also long been barred from accessing Binance,” he wrote. “It’s hard to pin down an element of this story that really changes the status quo.”\nHe added: “It’s important to keep in mind that Binance’s regulatory issues do not implicate bitcoin. It’s hard to imagine any traders looking at the SEC’s allegations and thinking that anything there is damaging for the bitcoin bull thesis. However, given the extent of cross collateralization in the space, paired with exaggerated correlations, it’s not surprising to see bitcoin selling off.”\nSologenic’s Ras believes that if the U.S. central bank pauses hiking interest rates this month or later in the summer, “we would likely see a return of seriously positive momentum.”\nBut he noted pessimistically that with investors in this market “feeling jittery, it will take time to restore confidence. The SEC’s actions are pushing many crypto projects out of the United States, and from this perspective, this is clearly becoming a net negative for the U.S. economy and innovation more generally.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221216.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}]\nLido’s stETH token is now the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko.\nstETH has edged out ADA because the market has grown comfortable with staking, and the market has been seeking out a staking solution that’s not going to be affected by U.S. regulatory uncertainty.\nSo far, the only unstaking parades have been from the shutdown of Kraken’s staking service – and a significant amount of that staked ether went right back into the system via stETH – and Celsius, whichmoved out of staking contracts on stETH and back into staking contractswith another provider.\nAll of this should be an endorsement of stETH, as there’s significant institutional trust in the staking mechanism behind it.As CoinDesk previously reported, surging demand for ether staking has led to a month-long wait for nearly 50,000 validators, particularly following the Shapella upgrade, which stimulated a deposit surge and an influx of new market participants, locking over 19 million ETH for staking. At the same time, analysts who have spoken with CoinDesk have continued todownplay fearsof any sort of price crash post the Shanghai upgrade – and continue to be proven right – highlighting the balance between new stakers and withdrawals, the inherent withdrawal limits and the mitigating effect of liquid staking derivatives.\nSo staking is a healthy market, and seems permanent. Lido dominates it by a long shot, controlling 28% of the market with $13.4 billion in total value locked, according to DeFi Llama data. And it\'s a competitive market too; there are 60 staking protocols with over $1 million in TVL. Lido’scloset competitor has $2.2 billion in TVL.\nThe only thing that could sink this ship is if a larger percentage of staked ether becomes profitable.Right now it’s just 31%, but we’re only one bank failure and DeFi summer away from that hitting 50%. Will there be a rush for withdrawals then?\n12:30 p.m. HKT/SGT(4:30 UTC)Australia Interest Rate Decision\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Retail Sales (YoY/April)\n10:00 p.m. HKT/SGT(14:00 UTC)Canada Ivey Purchasing Managers Index (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions\nBitcoin (BTC) was down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighed in. Plus, Blockchain Association CEO Kristin Smith joined to discuss the group\'s amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural Consensus @ Consensus report.\nBinance Withdrawal On Track to be Largest Since March Crypto Banking Crisis:Blockchain data shows that the exchange endured some $503 million in net outflows on Monday amid SEC charges.\nThe Lightning Network Doesn’t Fix Everything Wrong With Bitcoin:And that’s okay.\nSEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations:The company already faces a suit from the Commodity Futures Trading Commission.\nEl Salvador\'s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine:Stablecoin issuer Tether is among the investors in the new bitcoin mining site powered by solar and wind energy in El Salvador.\nBinance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange:Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”', 'On Monday, the U.S. Commodity Futures Trading Commission announced it approved an application from Cboe, one of the largest U.S. options exchanges, to offer margined futures contracts for Bitcoin and Ether. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home At a time when segments of the U.S. crypto industry are retreating offshore amid accusations of " regulation by enforcement ," Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty. "We\'re seeing expansion in the U.S. framework, not contraction," he told Fortune in an interview on Monday. "This is a really good representation of that hard work across both sides of the fence, both on the Cboe Digital side but also on the regulator side." Futures are a type of derivatives contract, where customers speculate on the price movements of assets like Bitcoin and Ether—a common tool for institutional investors, but one that is growing more popular with retail investors, especially in the crypto space. While Cboe Digital had previously offered crypto futures contracts, it did not allow margin trades. In practice, this has meant traders have had to post the full price of a Bitcoin to buy or sell futures contracts. With margined contracts, they only need to post a fraction initially, requiring less money upfront and allowing strategies to potentially earn higher returns on the capital deployed. While other platforms, including the CME Group , also offer margined futures contracts for crypto assets, Palmer said that Cboe\'s new approval is unique because it also offers spot trading under the same entity, where users are trading on the current price of assets like Bitcoin and Ether. Story continues As he explained, this arrangement can be advantageous for traders like market makers—who provide liquidity to exchanges—as well as other customers looking for greater efficiencies for other strategies like basis trading, where users look for price differentials between spot and futures contracts. A departure from FTX As Palmer explained, Cboe\'s model bears a stark contrast to a proposal by the failed crypto exchange FTX, which sought approval for a different approach with the CFTC for futures contracts. With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients. In a 2022 application , FTX sought to cut out the middleman and allow customers to post margin directly to FTX without any brokers. The process, known as disintermediation, was widely criticized by players in traditional finance for giving easier access to risky investment products for retail investors and placing more responsibility in the hands of platforms. "This is a very traditionally focused model," Palmer said about the Cboe approach. "That model has stood the test of time." In a statement released after the approval of Cboe\'s approval, CFTC commissioner Christy Goldsmith Romero agreed with the sentiment, citing Cboe\'s more than 50 years of experience operating exchanges. "The proposed FTX model was never adopted by the Commission, but it put at risk customers’ bankruptcy priority, other customer protections, and financial stability," she said. Crypto\'s U.S. future Cboe\'s approval comes at a time when crypto companies including Coinbase and Gemini are moving offshore to launch derivatives exchanges. While Palmer pointed out that their main motivation is to offer a popular kind of crypto derivatives contract still not approved domestically called perpetuals, he lauded regulators\' work in the U.S. "From our perspective in the U.S., whether there is or isn\'t regulatory clarity regardless of who the regulator is, we feel very comfortable working with them to continue to grow the asset class responsibly," he told Fortune . He described the approval as "a win for the U.S. industry." Cboe Digital plans to launch its margined futures contracts for Bitcoin and Ether in the second half of 2023. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'On Monday, the U.S. Commodity Futures Trading Commission announced it approved an application from Cboe, one of the largest U.S. options exchanges, to offer margined futures contracts for Bitcoin and Ether.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAt a time when segments of the U.S. crypto industry are retreating offshore amid accusations of "regulation by enforcement," Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty.\n"We\'re seeing expansion in the U.S. framework, not contraction," he toldFortunein an interview on Monday. "This is a really good representation of that hard work across both sides of the fence, both on the Cboe Digital side but also on the regulator side."\nFutures are a type of derivatives contract, where customers speculate on the price movements of assets like Bitcoin and Ether—a common tool for institutional investors, but one that is growing more popular with retail investors, especially in the crypto space.\nWhile Cboe Digital had previously offered crypto futures contracts, it did not allow margin trades. In practice, this has meant traders have had to post the full price of a Bitcoin to buy or sell futures contracts. With margined contracts, they only need to post a fraction initially, requiring less money upfront and allowing strategies to potentially earn higher returns on the capital deployed.\nWhile other platforms, including theCME Group, also offer margined futures contracts for crypto assets, Palmer said that Cboe\'s new approval is unique because it also offers spot trading under the same entity, where users are trading on the current price of assets like Bitcoin and Ether.\nAs he explained, this arrangement can be advantageous for traders like market makers—who provide liquidity to exchanges—as well as other customers looking for greater efficiencies for other strategies like basis trading, where users look for price differentials between spot and futures contracts.\nAs Palmer explained, Cboe\'s model bears a stark contrast to a proposal by the failed crypto exchange FTX, which sought approval for a different approach with the CFTC for futures contracts. With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients.\nIn a2022 application, FTX sought to cut out the middleman and allow customers to post margin directly to FTX without any brokers. The process, known as disintermediation, was widely criticized by players in traditional finance for giving easier access to risky investment products for retail investors and placing more responsibility in the hands of platforms.\n"This is a very traditionally focused model," Palmer said about the Cboe approach. "That model has stood the test of time."\nIn a statement released after the approval of Cboe\'s approval, CFTC commissioner Christy Goldsmith Romero agreed with the sentiment, citing Cboe\'s more than 50 years of experience operating exchanges.\n"The proposed FTX model was never adopted by the Commission, but it put at risk customers’ bankruptcy priority, other customer protections, and financial stability," she said.\nCboe\'s approval comes at a time when crypto companies includingCoinbaseandGeminiare moving offshore to launch derivatives exchanges. While Palmer pointed out that their main motivation is to offer a popular kind of crypto derivatives contract still not approved domestically called perpetuals, he lauded regulators\' work in the U.S.\n"From our perspective in the U.S., whether there is or isn\'t regulatory clarity regardless of who the regulator is, we feel very comfortable working with them to continue to grow the asset class responsibly," he toldFortune. He described the approval as "a win for the U.S. industry."\nCboe Digital plans to launch its margined futures contracts for Bitcoin and Ether in the second half of 2023.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'On Monday, the U.S. Commodity Futures Trading Commission announced it approved an application from Cboe, one of the largest U.S. options exchanges, to offer margined futures contracts for Bitcoin and Ether.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAt a time when segments of the U.S. crypto industry are retreating offshore amid accusations of "regulation by enforcement," Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty.\n"We\'re seeing expansion in the U.S. framework, not contraction," he toldFortunein an interview on Monday. "This is a really good representation of that hard work across both sides of the fence, both on the Cboe Digital side but also on the regulator side."\nFutures are a type of derivatives contract, where customers speculate on the price movements of assets like Bitcoin and Ether—a common tool for institutional investors, but one that is growing more popular with retail investors, especially in the crypto space.\nWhile Cboe Digital had previously offered crypto futures contracts, it did not allow margin trades. In practice, this has meant traders have had to post the full price of a Bitcoin to buy or sell futures contracts. With margined contracts, they only need to post a fraction initially, requiring less money upfront and allowing strategies to potentially earn higher returns on the capital deployed.\nWhile other platforms, including theCME Group, also offer margined futures contracts for crypto assets, Palmer said that Cboe\'s new approval is unique because it also offers spot trading under the same entity, where users are trading on the current price of assets like Bitcoin and Ether.\nAs he explained, this arrangement can be advantageous for traders like market makers—who provide liquidity to exchanges—as well as other customers looking for greater efficiencies for other strategies like basis trading, where users look for price differentials between spot and futures contracts.\nAs Palmer explained, Cboe\'s model bears a stark contrast to a proposal by the failed crypto exchange FTX, which sought approval for a different approach with the CFTC for futures contracts. With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients.\nIn a2022 application, FTX sought to cut out the middleman and allow customers to post margin directly to FTX without any brokers. The process, known as disintermediation, was widely criticized by players in traditional finance for giving easier access to risky investment products for retail investors and placing more responsibility in the hands of platforms.\n"This is a very traditionally focused model," Palmer said about the Cboe approach. "That model has stood the test of time."\nIn a statement released after the approval of Cboe\'s approval, CFTC commissioner Christy Goldsmith Romero agreed with the sentiment, citing Cboe\'s more than 50 years of experience operating exchanges.\n"The proposed FTX model was never adopted by the Commission, but it put at risk customers’ bankruptcy priority, other customer protections, and financial stability," she said.\nCboe\'s approval comes at a time when crypto companies includingCoinbaseandGeminiare moving offshore to launch derivatives exchanges. While Palmer pointed out that their main motivation is to offer a popular kind of crypto derivatives contract still not approved domestically called perpetuals, he lauded regulators\' work in the U.S.\n"From our perspective in the U.S., whether there is or isn\'t regulatory clarity regardless of who the regulator is, we feel very comfortable working with them to continue to grow the asset class responsibly," he toldFortune. He described the approval as "a win for the U.S. industry."\nCboe Digital plans to launch its margined futures contracts for Bitcoin and Ether in the second half of 2023.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Bitcoin fell almost 6% and Ether lost 5% in a broad market fall by all top 10 non-stablecoin cryptocurrencies on Tuesday morning in Asia after the U.S. Securities and Exchange Commission (SEC)suedcryptocurrency exchange Binance and its founder Changpeng Zhao on charges of securities violations. The BNB token issued by Binance was the biggest loser with a drop of more than 10% in the past 24 hours.\nBitcoin dropped 5.66% over the last 24 hours to US$25,730 at 7:10 a.m. in Hong Kong, bringing losses over the past seven days to 7.23%, according todatafrom CoinMarketCap.\nEther fell 4.91% in the same period to US$1,808, and logged a 4.56% weekly loss.\nBNB skidded 10.21% to US$275.17 in the last 24 hours, losing 11.61% over the past week.\nThe SEC on Monday filed 13 charges against Binance, alleging the exchange made unregistered and unlawful offers and sales of its BNB and BUSD tokens. The SEC also alleged that Binance did not register Binance.com as an exchange or a broker-dealer clearing agency.\nIn response to the SEC lawsuit, Binance said in a Tuesdaystatementthat it intends to defend its platform “vigorously.”\n“The SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry,” Binance said.\nCryptocurrencies traded on the Binance exchange, including BNB, BUSD, Solana, Cardano’s ADA, Polygon’s MATIC, are securities and require registration and regulation, according to the SEC suit.\nSolana dropped 9.52% over the past 24 hours, with ADA falling 7.73% and MATIC losing 7.64%.\n“The total crypto market cap is down,” Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, toldForkaston Tuesday morning in Asia. “The fact that the news doesn’t come as a shock doesn’t mean that it was priced in, apparently.”\nIn a Mondaytweet, SEC Chair Gary Gensler said that Zhao and Binance entities engaged in “an extensive web of deception, conflicts of interest, lack of disclosure and calculated evasion of the law.”\nIn response, Zhaotweeted: “Wonder if he ever reads the comments under his post, from the consumers he is [supposed] to protect.”\nAccording to d’Anethan, the SEC’s legal action is not a surprise considering the U.S. Commodity Futures Trading Commission had earlierfileda lawsuit against Binance for alleged violations of trading rules for derivatives.\nHowever, traders see the lawsuit as extremely bearish and it’s shaking up the market, he said.\nThe total cryptocurrency market cap fell 4.6% to US$1.09 trillion in the 24 hours through to 8:30am Hong Kong, while trading volume surged 118% to more than US$48 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged down 0.17% to 3,295.91 in the 24 hours to 9:20 a.m. in Hong Kong.\nThe SEC’s lawsuit against Binance “hasn’t had an impact on NFTs yet, but it likely will,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Tuesday. “It has already impacted crypto, and usually NFTs lag behind just a bit.”\nIn the U.S. overnight, Apple Inc.unveiledits highly-anticipated mixed-reality headset Vision Pro. While priced at a hefty US$3,499, the headset has got the NFT industry excited about its potential application in metaverse developments.\n“Apple’s headset is really all the NFT spaces was talking about today and rightfully so,” Petscher said. “Really, it’s the single most important thing to happen to NFTs sinceCryptoPunks, even though Apple didn’t mention NFTs or the metaverse once in their reveal of the Vision Pro.”\nSébastien Borget, co-founder and chief operating officer of decentralized gaming giant The Sandbox, said in a Tuesday interview withForkastthat Apple’s headset is “opening a big field of opportunity” for metaverse developments.\n“This has the highest chance of becoming a game changer versus everything we’ve seen so far over the past five years in this field … allowing people to interact with their virtual assets in the physical world.”\nNFT sales on Ethereum rose 5.64% over the last 24 hours to US$25.75 million, and gained 90.84% in the past week. Sales on the Bitcoin network climbed 4.17% to US$3.16 million, but recorded a 11.87% weekly decline.\nBored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$7.26 million, followed by Azuki’s US$2.65 million.\nDMarket, a Mythos blockchain-based collection of gaming NFTs, was the third most-sold collection over the past 24 hours with an 11.49% rise in sales to US$1.52 million.\nShares of Coinbase, the largest crypto trading platform in the U.S., dropped 9.05% on Monday following the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $500,622,323,269 - Hash Rate: 384577792.6788321 - Transaction Count: 462072.0 - Unique Addresses: 763100.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Illustration by Mitchell Preffer for Decrypt This week, markets were at the mercy of macroeconomic factors as some at the Fed have indicated another rate hike is due next month. Crypto was also subjected to intense scrutiny by regulators in both the U.S. and EU. Bitcoin and Ethereum led the downturn, with similar seven-day losses of over 10% impacting many leading cryptocurrencies. The U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto made headlines on Monday when the regulator sued yet another big crypto business for alleged failure to comply with securities laws, Seattle-based exchange Bittrex . Delphi Labs’ Gabriel Shapiro was outraged by the agency’s description of the Dash (DASH) token as a security. I just read SEC's case against Bittrex & am floored...more aggressive than could've been imagined and goes directly against Dash's no-premine model, saying DASH is a security despite the fact that the devco is funded by validators out of block rewards... pic.twitter.com/McpZEYTK1O — _gabrielShapir0 (@lex_node) April 17, 2023 On Thursday, The European Parliament passed the Markets in Crypto Assets (MiCA) bill with 517 votes in favor, 38 against, and 18 abstentions. The legislation now gives the bloc’s 27 constituent states a unified approach to crypto. Rebecca Retig, Chief Policy Officer at Polygon Labs, wrote a thread on Monday arguing that the bloc still needed to tweak its data act, which she described as “overbroad” and “ likely unenforceable in decentralized systems.” 1/ 🚨Today @0xPolygonLabs published an open letter to the EU on Art. 30 of the #DataAct , which could have serious consequences for permissionless smart contracts. @Ledger has joined in proposing amendments to narrow Art. 30 to protect decentralized software development. Read 👇 pic.twitter.com/AZHGCm14sQ — Rebecca Rettig (@RebeccaRettig1) April 17, 2023 Institutional Bitcoin whale Michael Saylor complained about all the sats he was receiving on Tuesday. Story continues So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 Crypto lawyer Rodrigo, who tweets under the handle @RSSH273 , tweeted a lengthy legal objection to the sanctioning of crypto privacy mixer Tornado Cash by U.S. authorities. We filed an amicus in the suit that 6 Tornado Cash users brought against the unprecedented sanctions of TC open-source code Our argument is simple: Sanctions only apply to “people” or “entities,” and their “property.” TC fits none of those definitions—it is just open-source code pic.twitter.com/oCKuRpIFyZ — Rodrigo (@RSSH273) April 17, 2023 Coinbase CEO Brian Amstrong flexed his diplomatic muscle in London on Tuesday. Later in the week the exchange announced extensive expansion plans , a maneuver to counteract the increasing assertiveness and aggressiveness of U.S. regulators towards the exchange and industry in recent months. Great meeting today with UK Economic Secretary and City Minister @griffitha . The UK is moving fast on sensible crypto regulation to both drive economic growth AND consumer protection. Excited to keep investing in the UK. 🇬🇧 pic.twitter.com/478PQSLmDe — Brian Armstrong (@brian_armstrong) April 17, 2023 Twitter user @Tayvano_ flagged a multimillion dollar wallet draining operation that has been active since December. For the past 48hrs I've been unwinding a massive wallet draining operation 😳😭 I don't know how big it is but since Dec 2022 it's drained 5000+ ETH and ??? in tokens / NFTs / coins across 11+ chains. Its rekt my friends & OGs who are reasonably secure. No one knows how. pic.twitter.com/MafntG7RkP — Tay 💖 (@tayvano_) April 18, 2023 Republican Tom Emmer’s appearance at a hearing in Washington on the oversight of the SEC made the rounds on Twitter with an eminently quotable soundbite. At the hearing, Emmer grilled SEC chair Gensler and said, “You’ve been an incompetent cop on the beat,” before claiming the SEC chair was pushing American firms into the “hands of the CCP (Chinese Communist Party).” And he’s pushing innovation into the hands of a communist country, the United States’ number one adversary: pic.twitter.com/lE0Q4TuhYa — Tom Emmer (@GOPMajorityWhip) April 18, 2023 Blockchain sleuth @ZachXBT on Wednesday compiled a long list of scams that rapper Soulja Boy has shilled since he got involved in crypto. 1/ In recent weeks influencers have given @souljaboy praise for new NFT projects in hopes of clout. In reality he has been one of the most shameless promoters in the crypto space. In my research I observed 73 promotions & 16 NFT drops done by him. Many of these were scams. pic.twitter.com/8xRDN79S5t — ZachXBT (@zachxbt) April 19, 2023 Do the “hiccups” referred to in writer and lawyer @NYCSouthpaw ’s tweet refer to blanket refusals from mama and papa Bankman-Fried to have their phones compromised in such an intrusive manner? Likely! One of SBF’s bail conditions is his parents have to have cell phones that automatically snap photos of the user every couple minutes, and they’re having some hiccups setting it up. https://t.co/i8NHWcb1qH — southpaw (@nycsouthpaw) April 19, 2023 On Thursday, news hit Twitter that Tornado Cash developer Alex Pertsev, who was arrested by Dutch authorities in August for allegedly facilitating money laundering, is getting released next Wednesday so he can prepare for his trial at home. tornado cash dev alex pertsev reportedly released just now pic.twitter.com/Lg1s01VaRP — banteg (@bantg) April 20, 2023 Gabriel Shapiro that day pitched his idea of a BORG. An abbreviation for “cybernetic organization,” the BORG is a “new middle” between the decentralized and autonomous principles of DAOs and the legal entitlements and compliant structures of traditional business entities. BORGs merge traditional business entities with smart contracts, offering a new path for DAO legal structuring. They are the culmination of years of my thinking on how to bridge meatspace corporate law & the on-chain world. pic.twitter.com/gaME7yXdvh — _gabrielShapir0 (@lex_node) April 20, 2023 Finally, Dogecoin creator turned-nocoiner Billy Markus still thinks crypto is a lunatic’s game. investing in crypto is literally just investing in mental illness which i suppose is on the rise, so… — Shibetoshi Nakamoto (@BillyM2k) April 22, 2023... - Reddit Posts (Sample): [['u/SlurpinYJ', 'I was able to make $300 in a few hours with little experience. Is this normal or did I just get lucky?', 40, '2023-06-06 02:33', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/', 'I’ve been really spending some time learning about trading, I decided to finally give it a try, I was trading with 1 Bitcoin to U.S Dollar. I was able to make $300 very quickly. I guess I’m just doing something right? \n\nI was using basic support and resistance and market structure. \n\nI think I’ll quit my job lol', 'https://i.redd.it/xftqbum2ma4b1.jpg', '141xp5f', [['u/RandomMovingAverage', 107, '2023-06-06 02:49', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn27o8u/', 'If you need to ask if you are lucky then the truth is you were lucky. Do this consistently every day the market is open for the next year before you should even consider quiting your job.', '141xp5f'], ['u/KingKerie', 38, '2023-06-06 02:58', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn28ukz/', 'Not uncommon at all with beginners. Being able to sustain it is the issue. If you know how you got those winning trades then you should be able to replicate it.', '141xp5f'], ['u/SlurpinYJ', 13, '2023-06-06 03:26', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn2cgrh/', 'I basically just use the 30 min 15 min 5 min and 1 min charts to determine the overall direction of the price and find support and resistance, then I zoom in to find what I think is a good entry point.', '141xp5f'], ['u/john8a7a', 16, '2023-06-06 06:50', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn2zp0v/', "you actually might have a certain skill as well. Your strategy is not some random bullshit , which is good. Report back after 500 trades. \n\nI would just give you one advice , never trade if you don't see a great set up . I use to trade when I was just bored and that was the main reason I kept losing money . If there is nothing to trade, even for 2-3 days,,,just don't trade average looking set ups and you might just make it as a trader", '141xp5f'], ['u/tentenwind', 24, '2023-06-06 07:45', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn34fkj/', 'Does your username stand for Slurpin Your Jizz?', '141xp5f'], ['u/SP-Marshmallo', 10, '2023-06-06 10:33', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn3h1n7/', 'In the beginning ppl don’t have that much of emotion invested. Wait till greed or fear kicks into overdrive. That’s when you will know OP.', '141xp5f'], ['u/VCRdrift', 16, '2023-06-06 12:08', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn3nquf/', 'Normal. First one is free. Welcome to the casino.', '141xp5f']]], ['u/formidable-opponent', 'How much money (USD) would you have to spend to be a cone millionaire?', 21, '2023-06-06 05:32', 'https://www.reddit.com/r/ConeHeads/comments/1422930/how_much_money_usd_would_you_have_to_spend_to_be/', 'I tried to look it up but just got results for bitcoin.', 'https://www.reddit.com/r/ConeHeads/comments/1422930/how_much_money_usd_would_you_have_to_spend_to_be/', '1422930', [['u/GuyOne', 13, '2023-06-06 05:36', 'https://www.reddit.com/r/ConeHeads/comments/1422930/how_much_money_usd_would_you_have_to_spend_to_be/jn2sbgg/', 'A million cones is like $2.67 rn', '1422930']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, June 06, 2023', 29, '2023-06-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/', '1422w33', [['u/anon-187101', 12, '2023-06-06 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn2vbht/', 'Gonna be a big week.', '1422w33'], ['u/cryptojimmy8', 12, '2023-06-06 07:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn331fv/', 'The good thing about SEC suing every exchange out there is that there is soon no one left to sue😎think all of this eventually will be forgotten but still not counting on any good action this year. Been away from crypto for about a month now and it feels good. Will check in again in yet another month or so. Hope you guys are doing well', '1422w33'], ['u/Downtown-Ad-4117', 12, '2023-06-06 09:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3apu9/', 'Nothing will happen to Binance. It’s just a slap on the wrist.', '1422w33'], ['u/DamonAndTheSea', 18, '2023-06-06 10:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3g8co/', 'Binance does operate in the US under the url Binance.us. The US site represents a small portion of their total volume. The SEC can go after anyone operating on US soil; they can also go after exchanges that operate in different countries but offer services to US citizens. \n\nBinance.com, years ago, used to be available to US citizens (even as operated out of China), they then geo-locked the site (you just needed a VPN) and then not long ago they forced KYC for all customers meaning US residents could no longer use Binance.com even via VPN. \n\nThe US has been systematically putting pressure on US crypto exchanges for the last 18 months and failing to provide regulatory clarity. Some speculate incompetence and bureaucratic morass and others speculate this is a move to choke out fiat on-ramp/off-ramps as CBDCs are scheduled to roll out.', '1422w33'], ['u/NervousNorbert', 13, '2023-06-06 14:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3zllb/', 'The SEC sues Coinbase, according to the usually reputable @tier10k: https://twitter.com/tier10k/status/1666054916526460929', '1422w33'], ['u/imissusenet', 16, '2023-06-06 14:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3zqxc/', 'Point and Figure chart:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR[PA][D][F1!3!1.0!!0!20])\n\nI don\'t know what BTC price data this uses, but the chart I maintain using Coinbase prices has 2 more columns since the uptrend line was broken, an 8-box low pole warning. A 50% retrace would go back to $26.5K.\n\nWhile I hope that u/wardser is overly pesimistic, hope is not a strategy. Here is the price after that last 3 cycle tops, nomralized to Nov 2021 prices:\n\n[https://imgur.com/a/5znlj4E](https://imgur.com/a/5znlj4E)\n\nThe price could go to $13K for the next 4 months and still be within the range of the previous cycles. Speaking of $13K, I think it would be really, really great if BTC was higher than it was 4 years ago. 26 Jun 2019 BTC was $13K.\n\nAnd finally, on 12 Jun 2022 BTC was $26.5K and the following quote appeared on the daily:\n\n"We\'re going to be 20x here within 24 months."\n\nGood times.', '1422w33'], ['u/dopeboyrico', 12, '2023-06-06 14:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4481d/', 'Interesting how the SEC never explicitly stated #2 is a security (it is) in the lawsuit against Binance or Coinbase but they did explicitly state offering staking services of #2 does qualify as a security in the lawsuit against Coinbase.\n\nPotentially more pain ahead as this all plays out but whenever the altcoin delisting exodus occurs on Binance and Coinbase, BTC as well as any other remaining altcoins which aren’t deemed to be unregistered securities should rally pretty hard on the news.', '1422w33'], ['u/gozunker', 10, '2023-06-06 15:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn46add/', 'I think one reason we haven’t dropped a ton on this Coinbase news is that people are selling their alts for BTC on the “these altcoins are securities” news, creating demand for BTC to counteract the sell off. I think it’s less a case of “look how resilient Bitcoin is” and more of “fleeing the small boats for the closest big boat during the storm”. Not sure what that means for price action later this week or next once the alt sell off has wrapped up a bit. I’m feeling a bit pessimistic short-term, laddering my weekly money for some down action.', '1422w33'], ['u/NLNico', 10, '2023-06-06 15:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn46scb/', 'Yesterday\'s and today\'s news is arguably good for coin 2. Previously there was doubt if the SEC considered it a security, but now there are 2 cases where they specifically mention a list of coins but not coin #2 as security (even though it says "not limited to", of course.)', '1422w33'], ['u/4theWlN', 10, '2023-06-06 15:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn47xsf/', "gensler has gotta be crestfallen that bitcoin hasn't sold off at all during his 15 minute long rant about how big of a scam crypto is on cnbc.", '1422w33'], ['u/hydroflow78', 15, '2023-06-06 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4aim5/', 'Mood is bad. News is bad. Fear in the market. I just opened a small leveraged long at 25.5k', '1422w33'], ['u/InfinitePen', 11, '2023-06-06 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4akqv/', 'Is all this action related to this?\n\nhttps://www.cnbc.com/amp/2023/06/02/crypto-bill-from-republicans-to-define-roles-of-sec-cftc.html', '1422w33'], ['u/mike-es6', 29, '2023-06-06 15:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4b668/', "Gensler: I'm gonna sue everyone\n\nBTC: Whatever, bro.", '1422w33'], ['u/NLNico', 14, '2023-06-06 16:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4cqld/', "25k tested, twice now with some shots from the SEC. Let's pump it back up.", '1422w33'], ['u/dopeboyrico', 12, '2023-06-06 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4d6ti/', 'You’re getting downvoted because Coinbase doesn’t offer staking of BTC…', '1422w33'], ['u/33virtues', 36, '2023-06-06 16:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4do0y/', 'Loading up (spot, COIN, and miners) here\n\nTold my wife the news this morning and she asked “should we get out?”\n\nShe’s historically a very reliable bottom indicator with that question', '1422w33'], ['u/viralhysteria', 19, '2023-06-06 16:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4eulz/', 'Response from coinbase CLO \nhttps://twitter.com/fintechfrank/status/1666085987892748290', '1422w33'], ['u/GenghisKhanSpermShot', 17, '2023-06-06 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4fm6k/', "This was [my plan back in March](https://pbs.twimg.com/media/FrcPICzaUAANhTi?format=png&name=large) price is following and I'm sticking to it, think it's a [long your longs](https://www.tradingview.com/x/8WwwJehQ/) type moment.", '1422w33'], ['u/mike-es6', 23, '2023-06-06 16:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4fo96/', 'If you wife is not concerned with the amount you have invested in Bitcoin, you need to invest more.', '1422w33'], ['u/juiceous', 18, '2023-06-06 16:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4icud/', 'AFAIK Coinbase was already suing SEC for clarification. This is like SEC shouting moment: "I will sue you back", and they did. \n\nAt least this is happening during a bear market, one thing less to happen during the next bull run.', '1422w33'], ['u/BootyPoppinPanda', 13, '2023-06-06 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4iy88/', "Hey, at least there is something to talk about. IMO all this shit should have happened in 2017-2018. Can got kicked down the road too far. I just hope this leads to actual clarity about how businesses can operate. I'm biased, but I don't think scam coins should be able to run rampant. Staking pools are toxic. Burn that shit down, I don't care. Bitcoin has extremely solid footing and should do just fine. We're just lightening the load for the rocket ship.", '1422w33'], ['u/AccidentalArbitrage', 42, '2023-06-06 16:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4jkp1/', '>“Look, we don’t need more digital currency,” Gensler said during an appearance on CNBC’s “Squawk on the Street.” “We already have digital currency. It’s called the U.S. dollar. It’s called the euro or it’s called the yen, they’re all digital right now. We already have digital investments.”\n\nHe finally said the motivation for all of this nonsense out loud. Fuck this guy.', '1422w33'], ['u/GenghisKhanSpermShot', 14, '2023-06-06 16:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4k0tl/', "I'm curious why people keep repeating this is a bear market, [we broke the downtrend from the top](https://www.tradingview.com/x/m9cf5R3Q/) and we're 100% up from the bottom, when does the bear market get switched to bull market in people's eyes? ATH's?", '1422w33'], ['u/jpdoctor', 20, '2023-06-06 17:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4lztg/', 'So Binance is being sued, Coinbase is being sued, Kraken already settled.\n\nLOL, is there anyone else left to sue? or does the SEC start re-suing until they get the result they want?', '1422w33'], ['u/xtal_00', 21, '2023-06-06 17:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4m1h1/', 'Hope everyone got some dip.', '1422w33'], ['u/viralhysteria', 10, '2023-06-06 17:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4ngl4/', 'dip supply is becoming too abundant for my chip supply', '1422w33'], ['u/AccidentalArbitrage', 13, '2023-06-06 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4w3i8/', 'Destroy all that is a threat to the current fiat standard.', '1422w33'], ['u/mr_sew', 10, '2023-06-06 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4x778/', 'Kraken still trades ADA too, so they will be sued sometime for that I would imagine. Their earlier settlement was for the staking/earnings program they had, which they closed.\n\nThis whole suit business is just sand bagging. Let me explain.\n\nTo sue these institutions for selling unregistered securities, the SEC will first have to prove that what they sold is a security, (e.g. ADA). That itself will be a multi-year court case just like in the case of Ripple.\n\nGary, and the SEC are going to get a lot of push back from congress and from the public, and rich and wealthy that have something to lose.\n\nGary has whacked the hornets nest with a bat, and is about to reap the whirlwind, because he has very little good faith, and good will standing.\n\nHe has a serious failures in FTX, Celcius, and others, and has denied assistance for compliance when asked, and then attacks those that try to participate and comply. Not to mention if what the exchanges are doing is so egregious, why has it taken the SEC years to even begin to address it? That is just pure failure at every opportunity.', '1422w33'], ['u/xtal_00', 10, '2023-06-06 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4xi42/', 'They’re fighting now.\n\nThey know.\n\nAlso notice he didn’t mention BRICS countries or currency.', '1422w33'], ['u/Gravy_Vampire', 10, '2023-06-06 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4xpdw/', 'Fuck you Gary. It’s not your job nor the SEC’s job to decide what we “need” 🤡', '1422w33'], ['u/Westbrook_Level', 12, '2023-06-06 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4xpot/', "What I find hilarious is it seems they can't even prove the most obvious security, XRP, is a security, so they just file lots of other cases before that one concludes. They think they can beat Mike Tyson but they can't even beat Glass Joe.", '1422w33'], ['u/[deleted]', 11, '2023-06-06 18:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn51id3/', '[“Look, we don’t need more currency,” the current world leaders enjoying reserve currency status at their point in time said.\n“We already have currency. It’s called the British Sterling. It’s called the Venetian Ducat or it’s called the Dutch Guilder, they’re all currency right now. We already have currency. Keep using our currency.”](https://miro.medium.com/v2/resize:fit:720/format:webp/0RUhaQn8pvVs0ovSX.png)', '1422w33'], ['u/bloodyboy33', 10, '2023-06-06 18:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn536e0/', "why are we pumping? didn't we just get two nukes from sec?", '1422w33'], ['u/guiseppi72', 12, '2023-06-06 19:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn55xev/', 'Somaliland uses currency that hasn’t had any new currency printed since the 1920s. Its economy is exclusively cash-based. It is interesting to observe that their currency itself has remained unchanged and the price stable for the past century unlike many of the usual suspects.', '1422w33'], ['u/mmouse-', 11, '2023-06-06 19:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn575hb/', 'Well, this certainly qualifies for an immediate US invasion.', '1422w33'], ['u/bufonia1', 14, '2023-06-06 20:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5etvp/', 'finally some volume... on these threads!', '1422w33'], ['u/furinspaltstelle', 16, '2023-06-06 20:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5g5d0/', "Feeling really salty about the paycheck I put into Matic. \nFeeling really smug about the fact that over 95% of my portfolio (and therefore my networth) is BTC anyways.\n\nGary isn't wrong about most crypto being unlicensed securities, but not providing regulatory clarity and then deciding to sue for violating rules that you make up on the spot is shitty behavior. Especially considering his involvement with FTX.\n\nBinance is going to be fine, imo. I always said that while CZ and Binance are shady, they are BitMex shady, not FTX shady. And good ol Arthur is still a free man, and BitMex still exists, despite being convicted for the same thing they are accusing CZ off.", '1422w33'], ['u/BruceBogtrotter1', 18, '2023-06-06 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5qbx6/', 'It would be so absurd (but looking likely) if we close out a bullish, engulfing candle on the daily on the heels of the SEC launching lawsuits on two of the largest crypto exchanges in the world.', '1422w33'], ['u/PolarNimbus', 25, '2023-06-06 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5qtb9/', 'Imagine that, no one gives a fuck about what the regulatory captured SEC is doing. Almost like they have zero credibility.', '1422w33'], ['u/PatientlyWaitingfy', 14, '2023-06-06 21:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5u2o7/', "27k! haven't seen you since.... wait yesterday", '1422w33'], ['u/33virtues', 17, '2023-06-06 21:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5usoy/', 'honestly the way America is going it just makes me more bullish than ever on Bitcoin', '1422w33'], ['u/spinbarkit', 12, '2023-06-06 22:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5w51j/', 'Le me see it clearly right now - all pa was doing was targeting my position. as soon as it liquidated me it pumped right away. which means I had to take a hit for you guys. so, I accept it. and you are very welcome', '1422w33'], ['u/christianc750', 28, '2023-06-06 22:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5zlds/', 'Yup, today I decided it is important to post a comment in this thread. I\'m not trying to be THAT guy but I\'ve been active/less active on this daily since maybe 2017.\n\nI\'ve been through all the motions hence why I don\'t post here but THIS moment is worth noting folks.\n\nWe know that Bitcoin has nothing to do with ANY central entity, Binance, Coinbase or the SEC. Actually it is quite the opposite.... Remember without Satoshi\'s whitepaper -- Coinbase, Binance and every single shit coin out there DOES NOT EXIST. As a true veteran (bought my first BTC in 2014 and of course made many a mistake along the way) it marvels me to see all of these so called experts and talking heads that don\'t seem to be able to grasp this.\n\nBitcoin will continue to exist whether or not Binance/Coinbase exists. By the way we know these charges are the government\'s last grasp attempts at TRYING to reign SOMETHING in on crypto. They know they can\'t control it and frankly they are too stupid to even do it (and even moreso many a congressman owns Bitcoin, they are stupid in their public facade but oftentimes smart enough to have foresight).\n\nPoint is today markets ACTUALLY parsed this information correctly, markets know there is a dearth of Bitcoin for sale. Markets know that any cheaper Bitcoin is worth scooping.. Markets will self fullfil another bull cycle it is built into the dynamics of this wonderful innovation. News like this last year would have spiralled our value... not today because guess what? No-one is dumb enough to sell a non government corrleated asset because some centrally regulated exchange got sued.\n\nSo yes I come out hibernation today so I can comment on a reasonably historical day.... The markets traded Bitcoin as if they actually understand what it is. Anyways final words in passing:\n\n\\- Cat has been out of the bag, we are currently the 12th largest asset on the planet. Its been out of the bag since 2017 really, that bull run solidified this is here to stay for a LONG time.\n\n\\- Everything is happening as it should -- more and more of us are simply remaining silent and DCA-ing... for life at this point. Or at least until the next bull runs out of steam -- all of us are selffulling the future price appreciation\n\n\\- Bitcoin continues to be more scarce since this objectively "bad" news aint moving the price down irrationally.\n\n\\- Bitcoin is still the most secure and most relevant use for a blockchain.\n\n\\- Bitcoin still invented what we know as a blockchain\n\n\\- Shitcoiners and scammers will continue to bleed until they find more larger fools - dont be that fool.', '1422w33'], ['u/NLNico', 10, '2023-06-06 22:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5zxh7/', 'SEC Seeks Temporary Restraining Order to Freeze Binance US Assets: Court Filing https://twitter.com/tier10k/status/1666177953686773763', '1422w33'], ['u/_TROLL', 18, '2023-06-06 22:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn64hsj/', "U.S. citizens will do crypto business with some unregulated exchange in North Korea, all in the name of Obergruppenführer Gensler's 'consumer protection'.\n\nSeriously, though. Who's left? Gensler's pals, Fidelity, Blackrock, JPMorgan, Charles Schwab, that's who. They'll swoop in to steal the entire crypto sector out from under Binance etc. They could have gotten in on the ground floor 10+ years ago, and basically been Coinbase before Coinbase even existed, but they put their fingers in their ears instead. Since they were too stupid and short-sighted back then, they need Gensler's jackboots to take over the space now.", '1422w33'], ['u/delgrey', 20, '2023-06-06 23:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6532m/', 'Get your assets off US based exchanges.', '1422w33'], ['u/diydude2', 12, '2023-06-06 23:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6739v/', 'The whole point of Bitcoin is to control your own money.', '1422w33'], ['u/diydude2', 11, '2023-06-06 23:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn67yrz/', 'That is pretty much the story, right there. Same old "protect the oligarchs at all costs" mentality...\n\nThe SEC has nothing to do with consumer protection. \n\nJust like the USDA does not exist to protect consumers and small family farms -- it exists to assure that only the oligopolies and their CAFOs and GMOs can run roughshod over all competitors.\n\nJust like the FDA does not exist to assure that the pharma oligopoly doesn\'t sell us poison -- it\'s to give the veneer of credibility to the poison they do sell us.\n\nAnd so on. Not only do we not have a government by, of, and for the people, I\'m starting to think we have a government by, of, and for some kind of hostile alien invader.', '1422w33'], ['u/justinsunfullofshit', 11, '2023-06-06 23:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn68a26/', 'The pros for taking them off far outweigh any benefits of leaving them on Binance.US', '1422w33'], ['u/Shibenaut', 19, '2023-06-06 23:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6b7vj/', 'SEC sueing all the exchanges\n\nBTC: "lol and?"', '1422w33'], ['u/gore_skywalker', 12, '2023-06-06 23:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6e2ev/', 'The Freman (normies) are slowly realizing BTC is the Lisan al Gaib.', '1422w33']]], ['u/rBitcoinMod', 'Daily Discussion, June 06, 2023', 54, '2023-06-06 08:03', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/', "Please utilize this sticky thread for all general Bitcoin* discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/1415s4m/mentor_monday_june_05_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/', '1425qnz', [['u/ErwinDurzo', 10, '2023-06-06 15:56', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4c526/', 'Straight from my ass, with no data to back it up: \n\nClearly the SEC is trying an Operation Choke Point on Crypto in general, this decreases confidence and thus increases expected volatility on everything in the space, Btc included. People with a lot of capital might thus want to de-risk their portifolio and get some treasury bills instead, since the fed is so eager to sell them, and wait until the dust settles.\n\nFor volatility-loving sociopaths with no regard for their own safety, such as ourselves, this is great news an a good buying oportunity.', '1425qnz'], ['u/Alfador8', 19, '2023-06-06 15:56', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4c577/', "Securities are issued by companies. There is no Bitcoin company. That's why bitcoin is a commodity. The SEC recognizes this.", '1425qnz'], ['u/Funnyurolith61', 12, '2023-06-06 16:19', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4fdka/', 'SEC: Approves Coinbase IPO in 2021 \nSEC: Accuses Coinbase for having an unregistered securities exchange since 2019\n\nUS government: Uses Coinbase to sell BTC', '1425qnz'], ['u/HurricaneHarvey7', 11, '2023-06-06 16:35', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4ht46/', 'There is no contradiction in this at all. Approval of IPO is not an endorsement of a business. The SEC\'s role in approving Coinbase\'s registration statement was merely to ensure that Coinbase made all the required disclosures in their application.\n\nWith every prospectus or offering document provided to investors, there is something called "No Approval Clause".\n\n“The Securities and Exchange Commission and state securities regulators have not approved or disapproved these securities, or determined if the prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.”\n\nSo the determination for approving any IPO is only whether or not all the required disclosures are made available to investors, not whether a business is legitimate. Coinbase is using really bad arguments that could be deemed in court as "criminal offence" pursuant to No Approval Clause. Coinbase needs to hire better counsel.', '1425qnz'], ['u/Romsel87', 20, '2023-06-06 17:48', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4sv3w/', "Gary was very clear in his interviews. Crack down on the shitcoinery. Bitcoin doesn't care. Tick tock next block.", '1425qnz'], ['u/Available_Contest986', 10, '2023-06-06 18:26', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4yrng/', "That's right fiat bitches try again", '1425qnz'], ['u/Dizzy_Space_Invader', 16, '2023-06-06 19:07', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn54o6g/', 'Who panicked and sold? Thanks for the cheap 🌽', '1425qnz'], ['u/hateschoolfml', 12, '2023-06-06 19:40', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn59jx0/', 'Shitcoiners in shambles after warnings for over 2 years…\n\nScammers scam, builders build', '1425qnz'], ['u/HurricaneHarvey7', 15, '2023-06-06 20:12', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn5em8j/', 'BTC dominance increasing rapidly as shitcoins get traded for BTC. You love to see it.', '1425qnz'], ['u/Crafty_Supermarket15', 10, '2023-06-06 21:14', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn5ocm0/', 'Cuz altcoins are unregistered securities getting destroyed', '1425qnz'], ['u/Dizzy_Space_Invader', 12, '2023-06-06 21:54', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn5ulcm/', 'Oh dear that was messy 🫘🍩🌰🧆🥔🥐🍯🍺🌋🪠🧻🤎', '1425qnz']]], ['u/Adventurous_Wing133', 'Review my portfolio (read body text for context)', 116, '2023-06-06 08:18', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/', 'I am 47 years old, I lost my husband to cancer 10 months ago and he was the one who handled our finances since we got married 23 years ago. A close family member gave me a list of financial advisors to checkout. After months of interviewing and finding the right fit. I hired a fiduciary who charges flat fees. I paid for about 9 months of his services to help get myself situated. He lays out plans and I execute them on myself. In the image above is breakdown of positions I am in based on his advice and my risk tolerance(adjust from 1.7 to 2 million but keep the same percentages). Also the positions on the list were bought mid April 2023. A little more about my situation, I own my home we were able to refinance during the pandemic and have a rate of 2.3%. There is about 300k left on the loan and 15 years. My home is valued at 975k after purchasing for 600k. I have a 22 year old son who just finished college and doesn’t have any debt. I also have a 15 year old with 85k saved for college before my husband passed. My 22 year old and I have both owned our cars for 3 years with no payments. My 401k from my former employer stands at 250k. I have a new job where I make 60k a year. I also receive about 30k a year from rentals properties we bought in Africa. The loans for those properties were finished in 2019. I have about 515k in a high yield savings account, which I don’t know what I’m supposed to do with. I also have 25k in my checking. And 15k in bitcoin purchased at a price of 27k. With what I hear on the news I am scared of messing up what my husband built for our family. My main question is are my etf positions okay. I know I have a financial advisor to reach out to but I just need the reassurance. I can’t talk to my family or friends about the money I have. And I just need second opinions', 'https://i.redd.it/33wum6mqbc4b1.jpg', '14262fg', [['u/Adventurous_Wing133', 17, '2023-06-06 08:21', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn37cm4/', 'Additionally I don’t have any credit card debt', '14262fg'], ['u/DurdenTyler2020', 134, '2023-06-06 12:13', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3o56w/', 'Sorry to hear about your husband.\n\nBeing blunt, that looks like a classic [Humpty Dumpty](https://www.cnbc.com/2023/01/27/what-is-a-humpty-dumpty-portfolio.html) allocation that a lot of advisors try to use in order to confuse clients and make investing seem more complicated than it has to be. To be fair, they are all low cost ETFs, but There is no reason to believe it will outperform a simple Three Fund Portfolio. \n\n"Flat-fee fiduciary" can mean a lot of things, so I\'d want to know more about that. Are they charging a percentage based on the amount you have invested with them? If so, what percentage? Most Bogleheads seem to prefer an hourly flat fee advisor if someone needs financial planning, but everyone\'s situation is different. You might want to be completely hands off (which has its own risks). In general, if your financial advisor is not doing any real, personal financial planning for you, and just doing investment management, they might not be worth it.\n\n[https://www.bogleheads.org/wiki/Three-fund\\_portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio)\n\n[https://www.bogleheads.org/wiki/Getting\\_started](https://www.bogleheads.org/wiki/Getting_started)', '14262fg'], ['u/OneCalligrapher14', 50, '2023-06-06 12:20', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3omer/', "Yeah, it's totally okay. Having so many different funds seems unnecessary when you could combine many with a total stock or total bond market funds.", '14262fg'], ['u/Theburritolyfe', 12, '2023-06-06 13:01', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3s13k/', "That's a lot of things. You can make it waaay simpler. Us/internation/ and bonds are all you need.", '14262fg'], ['u/imadeamistakelol', 37, '2023-06-06 13:08', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3snlp/', 'Sorry for your loss. \n\nThe allocation and all finances seem more complex than it should be.\n\nThe etf allocation is more complex than a 3-fund portfolio. The guy above posted the correct terms and links already.', '14262fg'], ['u/wolley_dratsum', 31, '2023-06-06 13:09', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3ss4c/', 'Many here are saying you could greatly simplify this and that’s true, but your financial advisor put you in excellent funds that are well diversified with low costs and appropriate levels of risk for your situation.\n\nThere is no reason not to continue with this portfolio and rebalance it once every few years to bring all the percentages back to baseline. There is no need to rebalance more often that that, and it should take you only an hour or so on the Vanguard website to do it.\n\nI have a feeling your financial adviser listened to what you were trying to achieve and created this portfolio to match that. \n\nWhatever the case, he did a great job of setting you on the right path. You can take it from here. Maybe hire him once a decade for a financial health check in, but you got this.', '14262fg'], ['u/numbaonestunn', 23, '2023-06-06 14:08', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3yrda/', "It's 45 percent bonds. You're only 47 so you have years left to invest and can be more aggressive by having a higher percentage in equities. You're cutting down on your long term returns substantially by being that heavy in bonds.", '14262fg'], ['u/geneofjupiter', 21, '2023-06-06 14:21', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn405f6/', 'Sorry for your loss. \n\nYou may have already done this, but didn’t see it listed. Look into social security survivor benefits for your 15 yo.', '14262fg'], ['u/DocLava', 76, '2023-06-06 14:34', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn41mm0/', 'The $515k in the HYSA at the very least needs to be split into two banks to take advantage of the FDIC coverage which is $250k.\n\nEdit I typed HSA instead of HYSA...but OP spelled out high yield Savings account.', '14262fg'], ['u/Mail_Order_Lutefisk', 14, '2023-06-06 14:39', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn426fa/', 'Second this. And the bigger issue with the bond allocation is that it sucks. There is way too much short term paper that will likely revert to near zero yields once the Fed cuts rates and that Mortgage Backed Securities fund is likely not suitable for a widow. \n\nOP - if you have an additional $515k in a HYSA, you absolutely should not have any short term bond fund in this portfolio. You can make your own laddered bond portfolio and buy some paper that will be outstanding until you are 77 years old. If you want a 30-40% bond allocation buy individual Treasuries with maturities of 5-30 years. Log in once a quarter and sweep the interest into a traditional bond fund to keep the allocation moving.', '14262fg'], ['u/wolley_dratsum', 26, '2023-06-06 15:04', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn459q8/', 'Normally I would agree but this is a different situation than most. OP is basically set for life with this asset allocation and does not need to take on lots of equity risk right now. \n\nMaybe in a few years if the markets hold up she can think about shifting into equities but it’s not wise to get overly aggressive now considering the damage that can be inflicted by sequence of returns risk.', '14262fg']]], ['u/Matth3w_95', 'The exaggerated indecisiveness of the average crypto investor', 34, '2023-06-06 08:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/', "Sometimes articles mention the Crypto Fear&Greed Index, that's supposed to be a measure of market sentiment. Yesterday we were at 53 (neutral) and today we are back to 44 (fear). This got me thinking about how people change ideas really quickly. One week everybody is convinced we are going to 30k-35k, just some days later the meandering idea is that crypto is doomed. \n\nMy view is that articles and posts on social media are just meant for click-baiting thus the necessity to use extremely polarized titles and contents. I refuse to think that the majority of crypto influencers really change their perspective so quickly based on some non-decisive news. If you believe in Bitcoin and crypto, you shouldn't be so influenced by short-term movements and FUD. After all, the Internet took decades to really become a word-relevant technology, so when you jump on a ship (one that really convinces you, possibly not named Titanic) you should stay on it for at least some years, not abandoning it every time a storm hits. \n\nI get these later lawsuits may be worrying for crypto companies, but I'm still optimistic that we will have a better future. At least, I hope we are gonna end up with some clear rules, in order that companies in the space can operate in a precise direction, without having to worry about being randomly sued for breaking laws that didn't exist. \n\nI don't know for sure if crypto is going to become worldwide adopted and appreciated, but I've decided to invest in it and changing ideas every other day it's not good for my mental health.", 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/', '1426vx0', [['u/schokobots', 25, '2023-06-06 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/jn3adeu/', 'Be greedy when others are fearful.', '1426vx0'], ['u/Mr_Bob_Ferguson', 18, '2023-06-06 09:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/jn3crtp/', '>Be greedy when others are fearful.\n\nUse Warren Buffett quotes for upvotes.\n\nAlso say you hate Warren Buffett for upvotes.', '1426vx0'], ['u/Alarmed_Peach3360', 10, '2023-06-06 09:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/jn3dnch/', 'I fear no red candle anymore. I remember first bear market was scary for me. Now its just another day in crypto market.', '1426vx0']]], ['u/Liarus_', 'Am i the only one that gets FOMO as the Bitcoin price goes down nowadays?', 60, '2023-06-06 10:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/', 'I\'ve been in crypto since the last bullrun like many of us, and saw the price from the top of the mountain fall down to the bottom of the ocean, and who knows, maybe it could go lower than we ever imagined.\n\nWith all that movement from FTX, Blockfi, Celsius and Atomic wallet failing, we got used to seeing people loose money from supposedly "SAFE" investments, and many of us probably left the crypto space after all those disasters.\n\nBut for all of us "Survivors" that are now used to seeing the world around us burn and fall, am i alone getting FOMO and happy to see the BTC price go down? It almost seems like a flash sale to me nowadays, and when i think about myself in the past, that would have scared me more than anything.\n\nIt\'s incredible how my views of crypto changed since then.\n\nWhat about you guys?', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/', '1428y24', [['u/partymsl', 23, '2023-06-06 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/jn3h4q7/', 'I get FOMO, but I dont have the money to practice that FOMO...', '1428y24'], ['u/sabys1', 38, '2023-06-06 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/jn3hxy0/', 'I tried fomoing yesterday. Bank blocked my transaction. Now we gotta have a talk.', '1428y24'], ['u/Every_Hunt_160', 12, '2023-06-06 11:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/jn3klla/', "That's why you always have some stablecoins at hand so you can buy immediately\n\nSometimes the lowest dips happen in seconds, you need to have those limit orders in and even if your bank doesn't block those orders you already missed the dip in the minutes spent processing your fiat", '1428y24']]], ['u/rikbona', 'There can be no panic where there is no greed. Be nice to scared newcomers 🙂', 232, '2023-06-06 10:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/', "I have been in this game for a while (since 2017) and I had my fair share of panic.\n\nI only dca and hodl btc now, but it hasn't been always that way. I've started with XRP and several different alts. I hurt myself badly with EOS and I make a (probably more than) fair share of mistakes.\n\nBelieve me, I did them all. I bought the high, I panic sold the low, I moved so much stuff around that gas fee has had a crazy impact on my initial investment. There isn't literally a mistake I didn't do.\n\nBut if today I have a better conscience of what I am doing, is thanks to the ones of you who patiently made me understand why BTC is BTC, especially in situation like this. \n\nAnd most importantly, I have learnt that you can only panic when you're so greedy that you put your money where they should never have been in the first place\n\nSo, to the people panicking, I say ---> take advantage of this community to improve your knowledge and secure your investments, don't do anything rush. Take a breath or a walk and relax before to even worsen the situation 🙂\n\nTo the people that have been here for a while I say ---> don't make fun of others, we can understand their feeling because we have surely been there. Lets help newcomers so that the whole industry can improve. We all are on this together, so we should act like it.\n\nI have learnt how to leave the emotions out of this game and I can tell you that you may not win, but you certainly won't lose 😉", 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/', '14292kd', [['u/FlyHopeful7429', 12, '2023-06-06 10:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3hnro/', 'Take a chill pill! Awareness and knowledge is key to crypto success!', '14292kd'], ['u/Consistent_Many_1858', 34, '2023-06-06 10:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3htty/', "Panic and greed are the driving force for crypto and stock market. That's how liquidity is formed and exit funds for sellers.", '14292kd'], ['u/Intelligent_Page2732', 20, '2023-06-06 10:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3hzwh/', 'We need alot of newcomers for increased adoption, but the majority of newcomers come here thanks to a bull market, the trick is to let them stay and invest in solid projects.', '14292kd'], ['u/StockTrix', 14, '2023-06-06 10:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3idmu/', '...and exit liguidity :)', '14292kd'], ['u/ahabraken', 27, '2023-06-06 10:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3iez8/', "Why make fun of newcomers? They're our exit liquidity :p", '14292kd'], ['u/partymsl', 10, '2023-06-06 12:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3pjs0/', "I'd actually say Fear and Fear. Greed is usually just the fear of missing out.", '14292kd']]], ['u/aciditrisan', 'Questions about payments and such troubling things', 35, '2023-06-06 13:45', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_payments_and_such_troubling_things/', 'So with BTC fees being as high as they are, I dont feel like paying 60 extra euros for a 80 euro purchase. Is paying by WU or bank transfer a really bad idea?', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_payments_and_such_troubling_things/', '142dddd', [['u/Zushey312', 25, '2023-06-06 14:47', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_payments_and_such_troubling_things/jn4344m/', 'Where do you get your BTC with these kinda fees', '142dddd'], ['u/Reasonable_Dot_1831', 11, '2023-06-06 14:49', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_pa... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin recovered to above US$27,000 on Wednesday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rebounding even as U.S. regulators this week launched a series oflawsuitsagainst Binance and Coinbase, two of the world’s biggest crypto exchanges, alleging most tokens are unregistered securities. Polygon’s Matic token was the exception, dipping 1.7% in the past 24 hours.\nBitcoin rose 5.36% over the last 24 hours to US$27,118 at 6:50 a.m. in Hong Kong, bouncing back to the same price range before the U.S. Securities and Exchange Commission (SEC) filed the lawsuits this week. The world’s largest crypto by market capitalization was still down 2.32% over the past seven days, according todatafrom CoinMarketCap.\nEther climbed 4.01% in the past 24 hours to US$1,881, but logged a 1.32% weekly loss.\nThe meme coin Dogecoin led the winners this morning with a gain of 6.43%, edging out Bitcoin for the top spot. Polygon’s Matic missed out on the rebound, sliding 1.7% in the last 24 hours, and lost 9.39% over the past week.\nNick Ruck, chief operating officer of non-fungible token (NFT) intellectual property licensing firm ContentFi, toldForkastthat while the flurry of lawsuits by SEC chair Gary Gensler hit hard, the crypto market has largely held steady.\n“The initial panic quickly wore off as many traders not only expected the lawsuits, but apparently dismissed them entirely,” Ruck said. “A lawsuit may work against the SEC’s expectations when these cases are determined by court judges rather than Gary Gensler’s opinion.”\nWhile prices came back among leading tokens, Jeff Mei, the chief operating officer of the BTSE crypto exchange in the British Virgin Islands, said “we’ve seen something of a bloodbath for altcoins.”\nHe said this is likely due to the SEC lawsuits naming a “basket of altcoins as securities, while not categorizing BTC and ETH in the same class.”\nThis creates volatility opportunities for savvy investors, but requires care to navigate, he added.\nOn Tuesday, just a day after the SEC sued Binance for alleged securities violations, the same regulator filed suit against Coinbase, the largest crypto exchange in the U.S., for allegedly breaching securities rules.\nThe SEC alleges San Francisco-based Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019, according to itsstatementreleased Tuesday.\nSEC Chair Gary GenslertweetedTuesday that Coinbase’s alleged failures “deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.”\nIn a related development showing coordination among financial regulators across the U.S., the Alabama Securities Commission on Tuesday filed a so-calledshow cause orderto Coinbase, backed by regulators in many other states.\n“The Order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama,” according to the notice. It adds that nine other state regulators, including California where Coinbase is based, were part of a multi-state task force involved in the order.\nIn response, Brian Armstrong, chief executive officer of Coinbase,tweetedthat the company was “proud to represent the industry in court to finally get some clarity around crypto rules.”\nArmstrong noted that the SEC reviewed Coinbase’s business and approved it to sell shares to the public in 2021. He added that the SEC and the Commodity Futures Trading Commission have made conflicting statements on crypto assets don’t agree on what is a security and what is a commodity.\nCoinbase hadarguedback in April that the SEC’s attacks against Coinbase appeared to be undermining its own role as the approver of companies registering to sell shares to the public.\nCoinbase shares dropped 12.09% at the close of U.S. trading on Tuesday, but rose 2.48% in after-hours trading.\nIn an additional action against Binance, the SEC on Tuesdayaskeda federal judge to freeze the assets of Binance.US, the crypto trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients.\nIn response, Binance.UStweetedon Tuesday that user assets “remain safe and secure” and “the platform continues to be fully operational with deposits and withdrawals functioning as normal.”\nDenys Peleshok, head of Asia at London-based multi-asset brokerage CPT Markets, said: “The SEC has had a very aggressive approach toward crypto companies for some time now and could be increasingly creating an unwelcoming environment for such firms and for the crypto industry as a whole in the country.”\nRepublican Senator Cynthia Lummis followed up on this theme in criticism of the SEC actions in atweeton Tuesday.\n“Real consumer protection requires creating a robust legal framework that exchanges can comply with, not pushing the industry offshore into the shadows.”\n“Tech start-ups are encouraged to ‘run fast and break things’ and to ‘ask for forgiveness, not permission,’ however when the sector the start-up is operating in is finance and investments, there can be real consequences to this approach,” said Bradley Duke, founder and Co-CEO atETC Groupthat specializes in exchange traded crypto products.\n“This is especially true in the US, where there is an absence of a regulatory framework for crypto, coupled with a regulator that has taken a very aggressive stance towards companies operating in the space,” Duke said in email comments.\nNot everyone in the blockchain world agrees that the SEC is out of order.\n“What we’ve seen with crypto exchanges is they have created a market where they act as the Exchange, Broker Dealer, Depository, the Transfer Agent, and even as the Regulator in some cases,” said Jai Waterman, the chief executive officer of U.S.-basedBlockstation.\n“In this case, Binance operates as all of the above. It is no surprise to us that regulatory action would be taken, and that the SEC is going after Binance and Coinbase, we expected it to happen sooner,” said Waterman at Blockstation, which describes itself as a blockchain-driven platform for tokenizing, listing, trading, clearing and settlement of digital assets and securities.\n“A lot of what’s listed on Binance and Coinbase, I would argue, are securities and whereas in the traditional securities market you have decentralization of duties, crypto exchanges are adding significant risks by playing all parts,” he said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexedged down 0.08% to 3,284.07 in the 24 hours to 9:40 a.m. in Hong Kong.\nNFT sales on Ethereum rose 22.81% over the last 24 hours to US$30.06 million, and sales on the Bitcoin network jumped 159.38% to US$8.5 million, according to CryptoSlamdata.\n“NFT traders are rather bullish still on the space in the short term, though watching carefully,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Wednesday.\nPetscher added that NFTs generally trade in cycles between art and profile picture (PFP) NFTs. “Though, with news about the SEC filing lawsuits against Coinbase and Binance, all bets are off.”\nThe NFT market saw a large art sale on Tuesday. Digital artist Tyler Hobbs’ Fidenza #545 wassoldfor around US$1.1 million in a reserved sale, according to NFT marketplace OpenSea.\n“High art sales are an indicator that NFTs may be primed for some action, but the SEC trying to freeze Binance’s U.S. assets and potentially Coinbase’s does have people considering what their best moves are,” Petscher added.\nRuck of Singapore-based ContentFi said that Binance is “placing bets on their involvement in the future of the NFT industry,” as the world’s largest crypto exchangelaunchedsupport for Bitcoin NFTs on Tuesday even after being sued by the SEC.\nBored Ape Yacht Club had the biggest sales in the past 24 hours with a 1.36% rise to US$14.27 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 5.11% increase to US$6.49 million in sales over the past 24 hours.\nShares of Coinbase dropped 12.09% at the close on Tuesday following a 9.05% fall on Monday, while shares of Microstrategy, the world’slargestcorporate holder of Bitcoin, rose 8.13% on Tuesday, recovering from its 8.53% decline on Monday.\nMei at BTSE said the sharp difference in stock performance shows the outsize impact of the SEC’s actions on market sentiment for altcoins as opposed to Bitcoin.\nThe S&P 500 closed up 12.02% on Tuesday, reaching its highest level since August 2022.\nU.S. stock futures were mixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, and S&P 500 futures gained 0.08%. Nasdaq Futures fell 0.03%.\nIn macroeconomic developments, the U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 80.6% chance the Fed will leave rates unchanged in June, and a 19.4% chance for another 25-basis-point rate hike.\n(Corrects Different View section to show Blockstation in based in U.S., not Canada.)', 'Bitcoin recovered to above US$27,000 on Wednesday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rebounding even as U.S. regulators this week launched a series oflawsuitsagainst Binance and Coinbase, two of the world’s biggest crypto exchanges, alleging most tokens are unregistered securities. Polygon’s Matic token was the exception, dipping 1.7% in the past 24 hours.\nBitcoin rose 5.36% over the last 24 hours to US$27,118 at 6:50 a.m. in Hong Kong, bouncing back to the same price range before the U.S. Securities and Exchange Commission (SEC) filed the lawsuits this week. The world’s largest crypto by market capitalization was still down 2.32% over the past seven days, according todatafrom CoinMarketCap.\nEther climbed 4.01% in the past 24 hours to US$1,881, but logged a 1.32% weekly loss.\nThe meme coin Dogecoin led the winners this morning with a gain of 6.43%, edging out Bitcoin for the top spot. Polygon’s Matic missed out on the rebound, sliding 1.7% in the last 24 hours, and lost 9.39% over the past week.\nNick Ruck, chief operating officer of non-fungible token (NFT) intellectual property licensing firm ContentFi, toldForkastthat while the flurry of lawsuits by SEC chair Gary Gensler hit hard, the crypto market has largely held steady.\n“The initial panic quickly wore off as many traders not only expected the lawsuits, but apparently dismissed them entirely,” Ruck said. “A lawsuit may work against the SEC’s expectations when these cases are determined by court judges rather than Gary Gensler’s opinion.”\nWhile prices came back among leading tokens, Jeff Mei, the chief operating officer of the BTSE crypto exchange in the British Virgin Islands, said “we’ve seen something of a bloodbath for altcoins.”\nHe said this is likely due to the SEC lawsuits naming a “basket of altcoins as securities, while not categorizing BTC and ETH in the same class.”\nThis creates volatility opportunities for savvy investors, but requires care to navigate, he added.\nOn Tuesday, just a day after the SEC sued Binance for alleged securities violations, the same regulator filed suit against Coinbase, the largest crypto exchange in the U.S., for allegedly breaching securities rules.\nThe SEC alleges San Francisco-based Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019, according to itsstatementreleased Tuesday.\nSEC Chair Gary GenslertweetedTuesday that Coinbase’s alleged failures “deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.”\nIn a related development showing coordination among financial regulators across the U.S., the Alabama Securities Commission on Tuesday filed a so-calledshow cause orderto Coinbase, backed by regulators in many other states.\n“The Order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama,” according to the notice. It adds that nine other state regulators, including California where Coinbase is based, were part of a multi-state task force involved in the order.\nIn response, Brian Armstrong, chief executive officer of Coinbase,tweetedthat the company was “proud to represent the industry in court to finally get some clarity around crypto rules.”\nArmstrong noted that the SEC reviewed Coinbase’s business and approved it to sell shares to the public in 2021. He added that the SEC and the Commodity Futures Trading Commission have made conflicting statements on crypto assets don’t agree on what is a security and what is a commodity.\nCoinbase hadarguedback in April that the SEC’s attacks against Coinbase appeared to be undermining its own role as the approver of companies registering to sell shares to the public.\nCoinbase shares dropped 12.09% at the close of U.S. trading on Tuesday, but rose 2.48% in after-hours trading.\nIn an additional action against Binance, the SEC on Tuesdayaskeda federal judge to freeze the assets of Binance.US, the crypto trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients.\nIn response, Binance.UStweetedon Tuesday that user assets “remain safe and secure” and “the platform continues to be fully operational with deposits and withdrawals functioning as normal.”\nDenys Peleshok, head of Asia at London-based multi-asset brokerage CPT Markets, said: “The SEC has had a very aggressive approach toward crypto companies for some time now and could be increasingly creating an unwelcoming environment for such firms and for the crypto industry as a whole in the country.”\nRepublican Senator Cynthia Lummis followed up on this theme in criticism of the SEC actions in atweeton Tuesday.\n“Real consumer protection requires creating a robust legal framework that exchanges can comply with, not pushing the industry offshore into the shadows.”\n“Tech start-ups are encouraged to ‘run fast and break things’ and to ‘ask for forgiveness, not permission,’ however when the sector the start-up is operating in is finance and investments, there can be real consequences to this approach,” said Bradley Duke, founder and Co-CEO atETC Groupthat specializes in exchange traded crypto products.\n“This is especially true in the US, where there is an absence of a regulatory framework for crypto, coupled with a regulator that has taken a very aggressive stance towards companies operating in the space,” Duke said in email comments.\nNot everyone in the blockchain world agrees that the SEC is out of order.\n“What we’ve seen with crypto exchanges is they have created a market where they act as the Exchange, Broker Dealer, Depository, the Transfer Agent, and even as the Regulator in some cases,” said Jai Waterman, the chief executive officer of U.S.-basedBlockstation.\n“In this case, Binance operates as all of the above. It is no surprise to us that regulatory action would be taken, and that the SEC is going after Binance and Coinbase, we expected it to happen sooner,” said Waterman at Blockstation, which describes itself as a blockchain-driven platform for tokenizing, listing, trading, clearing and settlement of digital assets and securities.\n“A lot of what’s listed on Binance and Coinbase, I would argue, are securities and whereas in the traditional securities market you have decentralization of duties, crypto exchanges are adding significant risks by playing all parts,” he said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexedged down 0.08% to 3,284.07 in the 24 hours to 9:40 a.m. in Hong Kong.\nNFT sales on Ethereum rose 22.81% over the last 24 hours to US$30.06 million, and sales on the Bitcoin network jumped 159.38% to US$8.5 million, according to CryptoSlamdata.\n“NFT traders are rather bullish still on the space in the short term, though watching carefully,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Wednesday.\nPetscher added that NFTs generally trade in cycles between art and profile picture (PFP) NFTs. “Though, with news about the SEC filing lawsuits against Coinbase and Binance, all bets are off.”\nThe NFT market saw a large art sale on Tuesday. Digital artist Tyler Hobbs’ Fidenza #545 wassoldfor around US$1.1 million in a reserved sale, according to NFT marketplace OpenSea.\n“High art sales are an indicator that NFTs may be primed for some action, but the SEC trying to freeze Binance’s U.S. assets and potentially Coinbase’s does have people considering what their best moves are,” Petscher added.\nRuck of Singapore-based ContentFi said that Binance is “placing bets on their involvement in the future of the NFT industry,” as the world’s largest crypto exchangelaunchedsupport for Bitcoin NFTs on Tuesday even after being sued by the SEC.\nBored Ape Yacht Club had the biggest sales in the past 24 hours with a 1.36% rise to US$14.27 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 5.11% increase to US$6.49 million in sales over the past 24 hours.\nShares of Coinbase dropped 12.09% at the close on Tuesday following a 9.05% fall on Monday, while shares of Microstrategy, the world’slargestcorporate holder of Bitcoin, rose 8.13% on Tuesday, recovering from its 8.53% decline on Monday.\nMei at BTSE said the sharp difference in stock performance shows the outsize impact of the SEC’s actions on market sentiment for altcoins as opposed to Bitcoin.\nThe S&P 500 closed up 12.02% on Tuesday, reaching its highest level since August 2022.\nU.S. stock futures were mixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, and S&P 500 futures gained 0.08%. Nasdaq Futures fell 0.03%.\nIn macroeconomic developments, the U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 80.6% chance the Fed will leave rates unchanged in June, and a 19.4% chance for another 25-basis-point rate hike.\n(Corrects Different View section to show Blockstation in based in U.S., not Canada.)', 'Bitcoin recovered to above US$27,000 on Wednesday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rebounding even as U.S. regulators this week launched a series of lawsuits against Binance and Coinbase, two of the world\x92s biggest crypto exchanges, alleging most tokens are unregistered securities. Polygon\x92s Matic token was the exception, dipping 1.7% in the past 24 hours. Bitcoin, Ether bounce Bitcoin rose 5.36% over the last 24 hours to US$27,118 at 6:50 a.m. in Hong Kong, bouncing back to the same price range before the U.S. Securities and Exchange Commission (SEC) filed the lawsuits this week. The world\x92s largest crypto by market capitalization was still down 2.32% over the past seven days, according to data from CoinMarketCap. Ether climbed 4.01% in the past 24 hours to US$1,881, but logged a 1.32% weekly loss. The meme coin Dogecoin led the winners this morning with a gain of 6.43%, edging out Bitcoin for the top spot. Polygon\x92s Matic missed out on the rebound, sliding 1.7% in the last 24 hours, and lost 9.39% over the past week. Nick Ruck, chief operating officer of non-fungible token (NFT) intellectual property licensing firm ContentFi, told Forkast that while the flurry of lawsuits by SEC chair Gary Gensler hit hard, the crypto market has largely held steady. \x93The initial panic quickly wore off as many traders not only expected the lawsuits, but apparently dismissed them entirely,\x94 Ruck said. \x93A lawsuit may work against the SEC\x92s expectations when these cases are determined by court judges rather than Gary Gensler\x92s opinion.\x94 Bloodbath While prices came back among leading tokens, Jeff Mei, the chief operating officer of the BTSE crypto exchange in the British Virgin Islands, said \x93we\x92ve seen something of a bloodbath for altcoins.\x94 He said this is likely due to the SEC lawsuits naming a \x93basket of altcoins as securities, while not categorizing BTC and ETH in the same class.\x94 This creates volatility opportunities for savvy investors, but requires care to navigate, he added. Story continues On Tuesday, just a day after the SEC sued Binance for alleged securities violations, the same regulator filed suit against Coinbase, the largest crypto exchange in the U.S., for allegedly breaching securities rules. The SEC alleges San Francisco-based Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019, according to its statement released Tuesday. SEC Chair Gary Gensler tweeted Tuesday that Coinbase\x92s alleged failures \x93deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.\x94 In a related development showing coordination among financial regulators across the U.S., the Alabama Securities Commission on Tuesday filed a so-called show cause order to Coinbase, backed by regulators in many other states. \x93The Order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama,\x94 according to the notice. It adds that nine other state regulators, including California where Coinbase is based, were part of a multi-state task force involved in the order. Back and forth In response, Brian Armstrong, chief executive officer of Coinbase, tweeted that the company was \x93proud to represent the industry in court to finally get some clarity around crypto rules.\x94 Armstrong noted that the SEC reviewed Coinbase\x92s business and approved it to sell shares to the public in 2021. He added that the SEC and the Commodity Futures Trading Commission have made conflicting statements on crypto assets don\x92t agree on what is a security and what is a commodity. Coinbase had argued back in April that the SEC\x92s attacks against Coinbase appeared to be undermining its own role as the approver of companies registering to sell shares to the public. Coinbase shares dropped 12.09% at the close of U.S. trading on Tuesday, but rose 2.48% in after-hours trading. In an additional action against Binance, the SEC on Tuesday asked a federal judge to freeze the assets of Binance.US, the crypto trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients. In response, Binance.US tweeted on Tuesday that user assets \x93remain safe and secure\x94 and \x93the platform continues to be fully operational with deposits and withdrawals functioning as normal.\x94 Denys Peleshok, head of Asia at London-based multi-asset brokerage CPT Markets, said: \x93The SEC has had a very aggressive approach toward crypto companies for some time now and could be increasingly creating an unwelcoming environment for such firms and for the crypto industry as a whole in the country.\x94 Republican Senator Cynthia Lummis followed up on this theme in criticism of the SEC actions in a tweet on Tuesday. \x93Real consumer protection requires creating a robust legal framework that exchanges can comply with, not pushing the industry offshore into the shadows.\x94 Different view \x93Tech start-ups are encouraged to \x91run fast and break things\x92 and to \x91ask for forgiveness, not permission,\x92 however when the sector the start-up is operating in is finance and investments, there can be real consequences to this approach,\x94 said Bradley Duke, founder and Co-CEO at ETC Group that specializes in exchange traded crypto products. \x93This is especially true in the US, where there is an absence of a regulatory framework for crypto, coupled with a regulator that has taken a very aggressive stance towards companies operating in the space,\x94 Duke said in email comments. Not everyone in the blockchain world agrees that the SEC is out of order. \x93What we\x92ve seen with crypto exchanges is they have created a market where they act as the Exchange, Broker Dealer, Depository, the Transfer Agent, and even as the Regulator in some cases,\x94 said Jai Waterman, the chief executive officer of U.S.-based Blockstation . \x93In this case, Binance operates as all of the above. It is no surprise to us that regulatory action would be taken, and that the SEC is going after Binance and Coinbase, we expected it to happen sooner,\x94 said Waterman at Blockstation, which describes itself as a blockchain-driven platform for tokenizing, listing, trading, clearing and settlement of digital assets and securities. \x93A lot of what\x92s listed on Binance and Coinbase, I would argue, are securities and whereas in the traditional securities market you have decentralization of duties, crypto exchanges are adding significant risks by playing all parts,\x94 he said. NFT sales rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the NFT market, the Forkast 500 NFT index edged down 0.08% to 3,284.07 in the 24 hours to 9:40 a.m. in Hong Kong. NFT sales on Ethereum rose 22.81% over the last 24 hours to US$30.06 million, and sales on the Bitcoin network jumped 159.38% to US$8.5 million, according to CryptoSlam data . \x93NFT traders are rather bullish still on the space in the short term, though watching carefully,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Wednesday. Petscher added that NFTs generally trade in cycles between art and profile picture (PFP) NFTs. \x93Though, with news about the SEC filing lawsuits against Coinbase and Binance, all bets are off.\x94 The NFT market saw a large art sale on Tuesday. Digital artist Tyler Hobbs\x92 Fidenza #545 was sold for around US$1.1 million in a reserved sale, according to NFT marketplace OpenSea. \x93High art sales are an indicator that NFTs may be primed for some action, but the SEC trying to freeze Binance\x92s U.S. assets and potentially Coinbase\x92s does have people considering what their best moves are,\x94 Petscher added. Ruck of Singapore-based ContentFi said that Binance is \x93placing bets on their involvement in the future of the NFT industry,\x94 as the world\x92s largest crypto exchange launched support for Bitcoin NFTs on Tuesday even after being sued by the SEC. Bored Ape Yacht Club had the biggest sales in the past 24 hours with a 1.36% rise to US$14.27 million. Uncategorized Ordinals \x96 recently popular Bitcoin Ordinals that are not part of an established collection \x96 recorded a 5.11% increase to US$6.49 million in sales over the past 24 hours. Coinbase shares drop amid broader stock rally SEC Chair Gary Gensler. Image: Getty Images Shares of Coinbase dropped 12.09% at the close on Tuesday following a 9.05% fall on Monday, while shares of Microstrategy, the world\x92s largest corporate holder of Bitcoin, rose 8.13% on Tuesday, recovering from its 8.53% decline on Monday. Mei at BTSE said the sharp difference in stock performance shows the outsize impact of the SEC\x92s actions on market sentiment for altcoins as opposed to Bitcoin. The S&P 500 closed up 12.02% on Tuesday, reaching its highest level since August 2022. U.S. stock futures were mixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, and S&P 500 futures gained 0.08%. Nasdaq Futures fell 0.03%. In macroeconomic developments, the U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool now predicts a 80.6% chance the Fed will leave rates unchanged in June, and a 19.4% chance for another 25-basis-point rate hike. (Corrects Different View section to show Blockstation in based in U.S., not Canada.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos rally, despite new SEC action.\nInsights:Binance and FTX have both been accused of co-mingling assets, but there are differences.\nCoinDesk Market Index (CMI)\n1,180\n+48.4▲4.3%\nBitcoin (BTC)\n$27,204\n+1443.7▲5.6%\nEthereum (ETH)\n$1,884\n+72.0▲4.0%\nS&P 500\n4,283.85\n+10.1▲0.2%\nGold\n$1,980\n+22.1▲1.1%\nNikkei 225\n32,506.78\n+289.3▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,180", "+48.4\\u25b24.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,204", "+1443.7\\u25b25.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,884", "+72.0\\u25b24.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,283.85", "+10.1\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+22.1\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,506.78", "+289.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains Lost Ground\nWith a few zigzags along the way, bitcoin shook off the Securities and Exchange (SEC) Enforcement Week to climb back up above $27,000 on Tuesday for the first time since the weekend.\nThe largest cryptocurrency by market capitalization was recently trading at $27,200, up 4.3% over the past 24 hours. BTC sank near $25,400 on Monday in the hours after the SEC announced a lawsuit against Binance, the world’s largest crypto exchange by trading volume. But bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day,asked a Federal courtto grant a temporary restraining order to freeze assets tied toBinance.US.\n“The fact that the market has rebounded leads me to believe that this was at least partially priced in,” Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie, wrote in an email to CoinDesk. “No one is surprised by Gensler\'s actions.”\nRead More:Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits\nEther also spent much of Tuesday on the upswing to trade near $1,900, a 4% gain from Monday, same time. BNB, Binance’s exchange token, which dropped about recently rose about 2% a day after plunging more than 10%. ADA and SOL, the tokens of smart contracts platforms Cardano and Solano, regained slivers of ground lost amid lawsuit aftershocks with the former rising about a half a percentage point and the latter more than 1%. Layer 2 platform Polygon’s MATIC was down about 1.5%. In its filing, the SEC identified those tokens among 13 as unregistered securities.\nTheCoinDesk Market Index, a measure of crypto market performance, was up 4.8%.\nFueled by AI euphoria and recent gains among several tech giants, including chipmaker Nvidia, the technology-heavy Nasdaq Composite and S&P 500 both rose slightly with the former hitting its highest point in 10 months and the latter in more than a year.\nThe Tie’s Franklin noted that institutional investors remain ambivalent months after crypto exchange FTX’s spectacular collapse in November and the increasingly harsh U.S. regulatory environment.\nRead More:SEC\'s Latest Crackdown Could Drive Crypto Firms Out of the U.S.\n“Many funds that invested in FTX got burned, and some partners that led their firms\' FTX deals were fired,” Franklin wrote. As a result, many VCs are feeling nervous to enter crypto. There is a similar trepidation among institutional allocators like pensions and endowments that broadly were burned on their earlier crypto allocations.”\nFranklin added that even hedge funds that were not-too-long ago accelerating their participation in the crypto space faster than any other institutional group, have also applied “the brakes,” amid concerns about regulation, a lack of credit and “viable venues to trade on in the U.S.,” limited custody options and angst about doing business with digital asset firms that may not survive in the wider crypto contagion.\nRead More:Why Isn’t Bitcoin Falling More? Cryptos Are Acting More Like Commodities Than Securities\n“These are just a few of the many concerns that they have,” Franklin said, although he added more optimistically that “we are seeing significantly more positive developments in Europe and Asia.”\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.6%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+4.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nBinance and FTX\'s Alleged Co-Minglings Aren\'t the Same\nBinance is facing aSecurities and Exchange Commission (SEC) lawsuitalleging poor financial controls and misuse of customer funds. Weeks prior, internal control issues took center stage in aReuters reportaccusing it of commingling customer and company funds, which the company\'s chief communications officer has refuted.\nComparing and contrasting the accusations that Binance co-mingled funds with those against FTX, which also co-mingled funds, might be tempting.\nHowever, these comparisons are superficial. While they could both be described as co-mingling, the process and implications are different.\nIn its complaint, the SEC suggests that billions of dollars of customer funds were accessible to entities connected to Binance CEO Changpeng “CZ” Zhao, namely market makers Merit Peak and Sigma Chain. Among the allegations from the SEC, $200 million was reportedly transferred from BAM Trading, a Binance-related entity, to Sigma Chain, another entity controlled by CZ, and a Binance bank account sent CZ $62.5 million.\nIf true, it’s hard to call this anything but co-mingling.\nBut missing here is any mention of BNB, its native exchange token.\nCenter to FTX’s co-minging problem is FTT, and how it played a role at Alameda Research.\nAs CoinDeskreported last November, a large portion of Alameda\'s assets consisted of FTT tokens, which were issued by FTX. This arrangement raised massive questions about the interconnectedness of the two entities, particularly given that the value of the FTT token is partly sustained by FTX\'s own activities.\nAlameda, a market maker and investor, was a material stakeholder in the crypto economy at the time; thus, the market was dutifully concerned about how much of Alameda’s investing power was printed out of thin air.\nThis isn’t the case for BNB. Binance isn’t an investor like Alameda was, and BNB doesn’t compose the material portion of anyone’s balance sheet.\nSure, Sam Bankman-Fried also lateradmitted to not segregating customer accounts, which later formed part of theprosecutors’ case against him. And this sounds a lot like what CZ is being accused of. However, Binance\'s accusations revolve more around the alleged diversion of customer funds and interference in U.S. operations, while the issues with FTX/Alameda pertain to blurred lines between the two entities and the non-segregation of customer funds.\nSimilar, but different things.\nAnd we’ll see in the coming weeks how much of CZ’s empire this takes out.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Down After SEC Charges Coinbase, Binance\nThe crypto markets remained down as the SEC announced it was charging Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The announcement came less than a day after the SEC charged Binance with multiple securities violations. Ashley Ebersole, 0x Labs Chief Legal Officer, weighed in on the details. Plus, Vetle Lunde, K33 Senior Analyst, dove into how the markets are reacting to the developing news.\nAtomic Wallet Was Breached by North Korean Hackers:Elliptic Wallets that siphoned Atomic users\' funds are connected to the known Lazarus group\'s addresses, crypto tracing firm said.\nGary Gensler’s Evolving Position on Crypto – in Quotes:The SEC chair has gone from supporting the technology at MIT to a full-swing offensive on the crypto industry.\nOptimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain:Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.\nOne-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto:The mystery is over for how the U.S. Securities and Exchange Commission will come after the digital assets sector’s big platforms, though alleged skeletons in Binance’s closet drew more ire.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos rally, despite new SEC action.\nInsights:Binance and FTX have both been accused of co-mingling assets, but there are differences.\nCoinDesk Market Index (CMI)\n1,180\n+48.4▲4.3%\nBitcoin (BTC)\n$27,204\n+1443.7▲5.6%\nEthereum (ETH)\n$1,884\n+72.0▲4.0%\nS&P 500\n4,283.85\n+10.1▲0.2%\nGold\n$1,980\n+22.1▲1.1%\nNikkei 225\n32,506.78\n+289.3▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,180", "+48.4\\u25b24.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,204", "+1443.7\\u25b25.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,884", "+72.0\\u25b24.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,283.85", "+10.1\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+22.1\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,506.78", "+289.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains Lost Ground\nWith a few zigzags along the way, bitcoin shook off the Securities and Exchange (SEC) Enforcement Week to climb back up above $27,000 on Tuesday for the first time since the weekend.\nThe largest cryptocurrency by market capitalization was recently trading at $27,200, up 4.3% over the past 24 hours. BTC sank near $25,400 on Monday in the hours after the SEC announced a lawsuit against Binance, the world’s largest crypto exchange by trading volume. But bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day,asked a Federal courtto grant a temporary restraining order to freeze assets tied toBinance.US.\n“The fact that the market has rebounded leads me to believe that this was at least partially priced in,” Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie, wrote in an email to CoinDesk. “No one is surprised by Gensler\'s actions.”\nRead More:Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits\nEther also spent much of Tuesday on the upswing to trade near $1,900, a 4% gain from Monday, same time. BNB, Binance’s exchange token, which dropped about recently rose about 2% a day after plunging more than 10%. ADA and SOL, the tokens of smart contracts platforms Cardano and Solano, regained slivers of ground lost amid lawsuit aftershocks with the former rising about a half a percentage point and the latter more than 1%. Layer 2 platform Polygon’s MATIC was down about 1.5%. In its filing, the SEC identified those tokens among 13 as unregistered securities.\nTheCoinDesk Market Index, a measure of crypto market performance, was up 4.8%.\nFueled by AI euphoria and recent gains among several tech giants, including chipmaker Nvidia, the technology-heavy Nasdaq Composite and S&P 500 both rose slightly with the former hitting its highest point in 10 months and the latter in more than a year.\nThe Tie’s Franklin noted that institutional investors remain ambivalent months after crypto exchange FTX’s spectacular collapse in November and the increasingly harsh U.S. regulatory environment.\nRead More:SEC\'s Latest Crackdown Could Drive Crypto Firms Out of the U.S.\n“Many funds that invested in FTX got burned, and some partners that led their firms\' FTX deals were fired,” Franklin wrote. As a result, many VCs are feeling nervous to enter crypto. There is a similar trepidation among institutional allocators like pensions and endowments that broadly were burned on their earlier crypto allocations.”\nFranklin added that even hedge funds that were not-too-long ago accelerating their participation in the crypto space faster than any other institutional group, have also applied “the brakes,” amid concerns about regulation, a lack of credit and “viable venues to trade on in the U.S.,” limited custody options and angst about doing business with digital asset firms that may not survive in the wider crypto contagion.\nRead More:Why Isn’t Bitcoin Falling More? Cryptos Are Acting More Like Commodities Than Securities\n“These are just a few of the many concerns that they have,” Franklin said, although he added more optimistically that “we are seeing significantly more positive developments in Europe and Asia.”\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.6%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+4.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nBinance and FTX\'s Alleged Co-Minglings Aren\'t the Same\nBinance is facing aSecurities and Exchange Commission (SEC) lawsuitalleging poor financial controls and misuse of customer funds. Weeks prior, internal control issues took center stage in aReuters reportaccusing it of commingling customer and company funds, which the company\'s chief communications officer has refuted.\nComparing and contrasting the accusations that Binance co-mingled funds with those against FTX, which also co-mingled funds, might be tempting.\nHowever, these comparisons are superficial. While they could both be described as co-mingling, the process and implications are different.\nIn its complaint, the SEC suggests that billions of dollars of customer funds were accessible to entities connected to Binance CEO Changpeng “CZ” Zhao, namely market makers Merit Peak and Sigma Chain. Among the allegations from the SEC, $200 million was reportedly transferred from BAM Trading, a Binance-related entity, to Sigma Chain, another entity controlled by CZ, and a Binance bank account sent CZ $62.5 million.\nIf true, it’s hard to call this anything but co-mingling.\nBut missing here is any mention of BNB, its native exchange token.\nCenter to FTX’s co-minging problem is FTT, and how it played a role at Alameda Research.\nAs CoinDeskreported last November, a large portion of Alameda\'s assets consisted of FTT tokens, which were issued by FTX. This arrangement raised massive questions about the interconnectedness of the two entities, particularly given that the value of the FTT token is partly sustained by FTX\'s own activities.\nAlameda, a market maker and investor, was a material stakeholder in the crypto economy at the time; thus, the market was dutifully concerned about how much of Alameda’s investing power was printed out of thin air.\nThis isn’t the case for BNB. Binance isn’t an investor like Alameda was, and BNB doesn’t compose the material portion of anyone’s balance sheet.\nSure, Sam Bankman-Fried also lateradmitted to not segregating customer accounts, which later formed part of theprosecutors’ case against him. And this sounds a lot like what CZ is being accused of. However, Binance\'s accusations revolve more around the alleged diversion of customer funds and interference in U.S. operations, while the issues with FTX/Alameda pertain to blurred lines between the two entities and the non-segregation of customer funds.\nSimilar, but different things.\nAnd we’ll see in the coming weeks how much of CZ’s empire this takes out.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Down After SEC Charges Coinbase, Binance\nThe crypto markets remained down as the SEC announced it was charging Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The announcement came less than a day after the SEC charged Binance with multiple securities violations. Ashley Ebersole, 0x Labs Chief Legal Officer, weighed in on the details. Plus, Vetle Lunde, K33 Senior Analyst, dove into how the markets are reacting to the developing news.\nAtomic Wallet Was Breached by North Korean Hackers:Elliptic Wallets that siphoned Atomic users\' funds are connected to the known Lazarus group\'s addresses, crypto tracing firm said.\nGary Gensler’s Evolving Position on Crypto – in Quotes:The SEC chair has gone from supporting the technology at MIT to a full-swing offensive on the crypto industry.\nOptimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain:Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.\nOne-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto:The mystery is over for how the U.S. Securities and Exchange Commission will come after the digital assets sector’s big platforms, though alleged skeletons in Binance’s closet drew more ire.', 'Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos rally, despite new SEC action. Insights: Binance and FTX have both been accused of co-mingling assets, but there are differences. Prices CoinDesk Market Index (CMI) 1,180 +48.4 ▲ 4.3% Bitcoin (BTC) $27,204 +1443.7 ▲ 5.6% Ethereum (ETH) $1,884 +72.0 ▲ 4.0% S&P 500 4,283.85 +10.1 ▲ 0.2% Gold $1,980 +22.1 ▲ 1.1% Nikkei 225 32,506.78 +289.3 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,180 +48.4 ▲ 4.3% Bitcoin (BTC) $27,204 +1443.7 ▲ 5.6% Ethereum (ETH) $1,884 +72.0 ▲ 4.0% S&P 500 4,283.85 +10.1 ▲ 0.2% Gold $1,980 +22.1 ▲ 1.1% Nikkei 225 32,506.78 +289.3 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Regains Lost Ground With a few zigzags along the way, bitcoin shook off the Securities and Exchange (SEC) Enforcement Week to climb back up above $27,000 on Tuesday for the first time since the weekend. The largest cryptocurrency by market capitalization was recently trading at $27,200, up 4.3% over the past 24 hours. BTC sank near $25,400 on Monday in the hours after the SEC announced a lawsuit against Binance, the world’s largest crypto exchange by trading volume. But bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day, asked a Federal court to grant a temporary restraining order to freeze assets tied to Binance.US . “The fact that the market has rebounded leads me to believe that this was at least partially priced in,” Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie, wrote in an email to CoinDesk. “No one is surprised by Gensler\'s actions.” Read More: Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits Ether also spent much of Tuesday on the upswing to trade near $1,900, a 4% gain from Monday, same time. BNB, Binance’s exchange token, which dropped about recently rose about 2% a day after plunging more than 10%. ADA and SOL, the tokens of smart contracts platforms Cardano and Solano, regained slivers of ground lost amid lawsuit aftershocks with the former rising about a half a percentage point and the latter more than 1%. Layer 2 platform Polygon’s MATIC was down about 1.5%. In its filing, the SEC identified those tokens among 13 as unregistered securities. Story continues The CoinDesk Market Index , a measure of crypto market performance, was up 4.8%. Fueled by AI euphoria and recent gains among several tech giants, including chipmaker Nvidia, the technology-heavy Nasdaq Composite and S&P 500 both rose slightly with the former hitting its highest point in 10 months and the latter in more than a year. The Tie’s Franklin noted that institutional investors remain ambivalent months after crypto exchange FTX’s spectacular collapse in November and the increasingly harsh U.S. regulatory environment. Read More: SEC\'s Latest Crackdown Could Drive Crypto Firms Out of the U.S. “Many funds that invested in FTX got burned, and some partners that led their firms\' FTX deals were fired,” Franklin wrote. As a result, many VCs are feeling nervous to enter crypto. There is a similar trepidation among institutional allocators like pensions and endowments that broadly were Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $525,506,339,594 - Hash Rate: 343827827.89167106 - Transaction Count: 433781.0 - Unique Addresses: 734954.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Some Fortune Crypto pricing data is provided by Binance.) More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips. Although long known for financial utility, the Bitcoin blockchain was never a player when it came to NFTs, which became one of the main use cases for Ethereum , followed later by Solana and Polygon. But the Bitcoin network just surpassed Solana in NFT sales volume over the past seven days, and now trails only Ethereum, according to CryptoSlam. While some critics have said Bitcoin NFTs, or Ordinals, slow down the network and increase fees, supporters have said the tech will enhance the blockchain. One such supporter is Bob Bodily, who is working on an NFT marketplace for Ordinals called bioniq. Bodily told me that by the time the 10th Ordinal was inscribed earlier this year, he knew the technology was going to be huge. Two factors stand out to him as evidence that Ordinals have even more room to grow: Bitcoin’s $518 billion market cap—still more than twice Ethereum’s—and the fact that with Ordinals all data for an NFT are on-chain. “A lot of collections are down pretty bad, and so the fact that you have the excitement and the energy of Ordinals in the middle of a bear market, I think it's pretty telling,” he told Fortune . Already, he noted, Bitcoin is attracting developers who originally were Bitcoin advocates but found it hard to build on-chain. He said he's seen several developers starting to build on Bitcoin again after leaving years ago for Bitcoin Cash, which was created as a result of a disagreement between developers in 2017. Story continues Decrypt reported on Thursday that the network is also attracting developers from Ethereum, which has long been attractive for teams looking to build dapps that use smart contracts. Ordinals have exploded in popularity, with 9.3 million inscriptions created since they were introduced in December, according to Dune. Soon enough we’ll see whether Ordinals have opened the door to a flurry of new applications for Bitcoin, or if, ultimately, it’s just another hype cycle. New launch spotlight Binance wants to facilitate your next NFT loan. With the Binance NFT Loan product announced this week, the world’s largest crypto exchange is offering users 3.36% interest rates on loans, whose amount can fluctuate depending on the price floor of an NFT that's put up for collateral. Only NFTs from the Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles collections are currently accepted. Last week, I wrote about how NFT loans were making a comeback, thanks to upstart Blur and the more established Arcade . This announcement could accelerate that trend. At least for a limited time, the loan product has some of the best interest rates in the industry, and even lower than the national average interest rate on a 30-year fixed mortgage, which sat at 7.17% on Friday, according to Bankrate. There are still risks. If the value of your collateral NFT drops too low, you risk liquidation. Your interest rate can also change based on the overall market, Binance warns. In other news Bitcoin NFTs, or Ordinals , now have a stablecoin. Stably USD , issued by Web3 company Stably, says the crypto will make trading ordinals easier than it would be by using U.S. dollars or another fiat currency, CoinDesk reported . Web3 company Elemint and Web3 agency Bary partnered with Platinium Group , the ticket operator for Formula 1 Grand Prix events, to launch a new platform that offers NFT tickets . The NFT tickets are meant to prevent counterfeiting and serve as digital souvenirs and will be introduced at this weekend's race in Monaco. In the long term, the companies want to use the NFT tickets to give holders added benefits and loyalty rewards. Formula 1 will now have NFT tickets for its Grand Prix events. Paris Hilton launched a collection of 5,555 NFT avatars this week for the Web3 metaverse platform The Sandbox . Paris Hilton's media company, 11:11 Media, created the avatars with inspiration from her real-life outfits and accessories. The avatars will be sold for 100 SAND each and released in three waves. The 11 people who buy a limited 1-of-1 edition of the collectibles will receive a free ticket to Paris: Live in Concert on June 7. Paris Hilton launched NFT avatars on The Sandbox metaverse platform. SURREAL , a company that offers “metaverse as a service” to clients like the Atlanta Braves, introduced a consulting service called S-Map Consulting to help customers launch, maintain, and expand their own virtual worlds. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin retreats below $26.5K amid a wider crypto decline as Binance, Coinbase-related fears linger. Insights: The decline in bitcoin and ether prices since 2022 mirrors the decrease in stablecoin balances over the same period. Prices CoinDesk Market Index (CMI) 1,148 −31.8 ▼ 2.7% Bitcoin (BTC) $26,364 −880.1 ▼ 3.2% Ethereum (ETH) $1,834 −51.1 ▼ 2.7% S&P 500 4,267.52 −16.3 ▼ 0.4% Gold $1,959 −6.3 ▼ 0.3% Nikkei 225 31,913.74 −593.0 ▼ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,148 −31.8 ▼ 2.7% Bitcoin (BTC) $26,364 −880.1 ▼ 3.2% Ethereum (ETH) $1,834 −51.1 ▼ 2.7% S&P 500 4,267.52 −16.3 ▼ 0.4% Gold $1,959 −6.3 ▼ 0.3% Nikkei 225 31,913.74 −593.0 ▼ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Bitcoin Retreat Bitcoin returned to its downtrodden ways on Wednesday amid a wider crypto decline that swept up altcoins mentioned and unmentioned in the Securities and Exchange (SEC) lawsuits against Binance and Coinbase earlier this week. The largest cryptocurrency by market capitalization was recently trading at $26,364, off 3.2% over the past 24 hours. BTC had soared above $27,200 on Tuesday as investors seemed to already price in the latest regulatory body blows against an industry already reeling from assorted debacles. Bitcoin and ether, along with Tether’s USDT stablecoin, traded at large premiums on Binance.US , a sign that investors were exiting the platform. In an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that the firm was expecting continued higher volatility for "days or even weeks" as a result of the SEC suits. But he added: that "in general, the market seems in better shape and better prepared for possible outcomes. Undoubtedly, crypto market participants are doing a better job at managing risks than they did two to three years ago." Story continues ETH fared somewhat better than BTC to recently trade at $1,834, off 2.7% from Tuesday same time. CoinDesk Indices‘ Ether Trend Indicator (ETI) moved into “significant uptrend" territory, an improvement over its reading a day prior. The ETI, which gauges price momentum, suggested that "recent bullish price action is outpacing previous price moves," CoinDesk analyst Glenn Williams wrote in a column. Still, SEC fallout was fierce on Wednesday. BNB , the Binance Smart Chain’s native token, recently dropped 7.6% from Tuesday, same time, and at one point earlier in the day sank to about $252, its lowest price since early January, according to CoinDesk data. Cardano’s ADA , Polygon’s MATIC and Solana’s SOL , all top 10 tokens by market capitalization that were noted in the SEC filing, recently took a dive between 6% and 9%. The CoinDesk Market Index , a measure of crypto markets performance, was recently down 3.1%. Equity indexes closed mixed with the Dow Jones Industrial Average (DJIA) ticking up a few notches but the Nasdaq Composite and S&P 500 falling 1.3% and 0.4%, respectively, just a day after reaching 2023 highs as investors fretted about the Bank of Canada\'s unexpected interest rate hike. The decision offered the latest evidence that central banks remain anxious about inflation and that the monetary hawkishness that has hamstrung asset markets over the past year may continue. Read more: Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment In an note, Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted that Canada’s central bank was among the most proactive about monetary policy. "They were the first to raise rates in 2022 and then put them on hold earlier this year," Moya wrote. "The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike." -JR Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −9.0% Entertainment Solana SOL −8.8% Smart Contract Platform Cardano ADA −8.7% Smart Contract Platform Insights What Do Current Stablecoin Balances Mean? While the financial community eyes jobs data, inflation figures and the Securities Exchange Commission (SEC) impacts, one straightforward factor my give more insight into where the price of bitcoin is headed next. (Glassnode) As a primary vehicle for buying crypto assets, the amount of stablecoins on exchanges can serve as a precursor to buying demand. While some notable exchanges offer a “fiat onramp,” meaning the exchange of U.S. dollars directly for crypto, some investors acquire crypto assets via the exchange of stablecoins like USDC and USDT for crypto. Per on-chain data firm Glassnode , the amount of stablecoins held on exchange addresses has declined from 32 billion to 19 billion between January 2022 and June 2023. The price for both BTC and ETH are down 45% and 50% respectively over that time frame. Increases in the stablecoin exchange balance during the remainder of 2023 will be a likely indication that buying demand is increasing. -GW This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. The Non Fungible Conference (Portugal) Brussels Blockchain Week (Belgium) BTC Prague Conference CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Crypto Markets Bounce Back After SEC Action Against Coinbase, Binance Bitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discussed how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De broke down the latest developments as SEC seeks a temporary restraining order to freeze assets tied to Binance.US on Tuesday. Headlines Coinbase CEO Armstrong Says Not Shutting Down Staking Service : The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators. BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble : Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat. The Petrodollar and Its Discontents Point to Bitcoin\'s Role in the Financial Future : Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a bitcoin-like currency do better? Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet : The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday. Stablecoin Issuer Circle Receives Digital Token License in Singapore : The issuer of USDC received in-principle approval in November last year.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin retreats below $26.5K amid a wider crypto decline as Binance, Coinbase-related fears linger.\nInsights:The decline in bitcoin and ether prices since 2022 mirrors the decrease in stablecoin balances over the same period.\nCoinDesk Market Index (CMI)\n1,148\n−31.8▼2.7%\nBitcoin (BTC)\n$26,364\n−880.1▼3.2%\nEthereum (ETH)\n$1,834\n−51.1▼2.7%\nS&P 500\n4,267.52\n−16.3▼0.4%\nGold\n$1,959\n−6.3▼0.3%\nNikkei 225\n31,913.74\n−593.0▼1.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,148", "\\u221231.8\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,364", "\\u2212880.1\\u25bc3.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,834", "\\u221251.1\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,267.52", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,959", "\\u22126.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,913.74", "\\u2212593.0\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Bitcoin Retreat\nBitcoin returned to its downtrodden ways on Wednesday amid a wider crypto decline that swept up altcoins mentioned and unmentioned in the Securities and Exchange (SEC) lawsuits against Binance and Coinbase earlier this week.\nThe largest cryptocurrency by market capitalization was recently trading at $26,364, off 3.2% over the past 24 hours. BTC had soared above $27,200 on Tuesday as investors seemed to already price in the latest regulatory body blows against an industry already reeling from assorted debacles. Bitcoin and ether, along with Tether’sUSDTstablecoin, traded at large premiums onBinance.US, a sign that investors were exiting the platform.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that the firm was expecting continued higher volatility for "days or even weeks" as a result of the SEC suits.\nBut he added: that "in general, the market seems in better shape and better prepared for possible outcomes. Undoubtedly, crypto market participants are doing a better job at managing risks than they did two to three years ago."\nETH fared somewhat better than BTC to recently trade at $1,834, off 2.7% from Tuesday same time. CoinDesk Indices‘ Ether Trend Indicator (ETI) moved into “significant uptrend" territory, an improvement over its reading a day prior. The ETI, which gauges price momentum, suggested that "recent bullish price action is outpacing previous price moves," CoinDesk analyst Glenn Williams wrote in a column.\nStill, SEC fallout was fierce on Wednesday.BNB, the Binance Smart Chain’s native token, recently dropped 7.6% from Tuesday, same time, and at one point earlier in the day sank to about $252, its lowest price since early January, according to CoinDesk data. Cardano’sADA, Polygon’sMATICand Solana’sSOL, all top 10 tokens by market capitalization that were noted in the SEC filing, recently took a dive between 6% and 9%.\nTheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.1%.\nEquity indexes closed mixed with the Dow Jones Industrial Average (DJIA) ticking up a few notches but the Nasdaq Composite and S&P 500 falling 1.3% and 0.4%, respectively, just a day after reaching 2023 highs as investors fretted about the Bank of Canada\'s unexpected interest rate hike. The decision offered the latest evidence that central banks remain anxious about inflation and that the monetary hawkishness that has hamstrung asset markets over the past year may continue.\nRead more: Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment\nIn an note, Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted that Canada’s central bank was among the most proactive about monetary policy. "They were the first to raise rates in 2022 and then put them on hold earlier this year," Moya wrote. "The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike."\n-JR\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22128.7%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Current Stablecoin Balances Mean?\nWhile the financial community eyes jobs data, inflation figures and the Securities Exchange Commission (SEC) impacts, one straightforward factor my give more insight into where the price of bitcoin is headed next.\nAs a primary vehicle for buying crypto assets, the amount of stablecoins on exchanges can serve as a precursor to buying demand.\nWhile some notable exchanges offer a “fiat onramp,” meaning the exchange of U.S. dollars directly for crypto, some investors acquire crypto assets via the exchange of stablecoins like USDC and USDT for crypto.\nPer on-chain data firmGlassnode, the amount of stablecoins held on exchange addresses has declined from 32 billion to 19 billion between January 2022 and June 2023. The price for both BTC and ETH are down 45% and 50% respectively over that time frame.\nIncreases in the stablecoin exchange balance during the remainder of 2023 will be a likely indication that buying demand is increasing.\n-GW\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nBTC Prague Conference\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Bounce Back After SEC Action Against Coinbase, Binance\nBitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discussed how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De broke down the latest developments as SEC seeks a temporary restraining order to freeze assets tied toBinance.USon Tuesday.\nCoinbase CEO Armstrong Says Not Shutting Down Staking Service:The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators.\nBNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble:Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.\nThe Petrodollar and Its Discontents Point to Bitcoin\'s Role in the Financial Future:Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a bitcoin-like currency do better?\nAave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet:The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.\nStablecoin Issuer Circle Receives Digital Token License in Singapore:The issuer of USDC received in-principle approval in November last year.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin retreats below $26.5K amid a wider crypto decline as Binance, Coinbase-related fears linger.\nInsights:The decline in bitcoin and ether prices since 2022 mirrors the decrease in stablecoin balances over the same period.\nCoinDesk Market Index (CMI)\n1,148\n−31.8▼2.7%\nBitcoin (BTC)\n$26,364\n−880.1▼3.2%\nEthereum (ETH)\n$1,834\n−51.1▼2.7%\nS&P 500\n4,267.52\n−16.3▼0.4%\nGold\n$1,959\n−6.3▼0.3%\nNikkei 225\n31,913.74\n−593.0▼1.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,148", "\\u221231.8\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,364", "\\u2212880.1\\u25bc3.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,834", "\\u221251.1\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,267.52", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,959", "\\u22126.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,913.74", "\\u2212593.0\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Bitcoin Retreat\nBitcoin returned to its downtrodden ways on Wednesday amid a wider crypto decline that swept up altcoins mentioned and unmentioned in the Securities and Exchange (SEC) lawsuits against Binance and Coinbase earlier this week.\nThe largest cryptocurrency by market capitalization was recently trading at $26,364, off 3.2% over the past 24 hours. BTC had soared above $27,200 on Tuesday as investors seemed to already price in the latest regulatory body blows against an industry already reeling from assorted debacles. Bitcoin and ether, along with Tether’sUSDTstablecoin, traded at large premiums onBinance.US, a sign that investors were exiting the platform.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that the firm was expecting continued higher volatility for "days or even weeks" as a result of the SEC suits.\nBut he added: that "in general, the market seems in better shape and better prepared for possible outcomes. Undoubtedly, crypto market participants are doing a better job at managing risks than they did two to three years ago."\nETH fared somewhat better than BTC to recently trade at $1,834, off 2.7% from Tuesday same time. CoinDesk Indices‘ Ether Trend Indicator (ETI) moved into “significant uptrend" territory, an improvement over its reading a day prior. The ETI, which gauges price momentum, suggested that "recent bullish price action is outpacing previous price moves," CoinDesk analyst Glenn Williams wrote in a column.\nStill, SEC fallout was fierce on Wednesday.BNB, the Binance Smart Chain’s native token, recently dropped 7.6% from Tuesday, same time, and at one point earlier in the day sank to about $252, its lowest price since early January, according to CoinDesk data. Cardano’sADA, Polygon’sMATICand Solana’sSOL, all top 10 tokens by market capitalization that were noted in the SEC filing, recently took a dive between 6% and 9%.\nTheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.1%.\nEquity indexes closed mixed with the Dow Jones Industrial Average (DJIA) ticking up a few notches but the Nasdaq Composite and S&P 500 falling 1.3% and 0.4%, respectively, just a day after reaching 2023 highs as investors fretted about the Bank of Canada\'s unexpected interest rate hike. The decision offered the latest evidence that central banks remain anxious about inflation and that the monetary hawkishness that has hamstrung asset markets over the past year may continue.\nRead more: Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment\nIn an note, Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted that Canada’s central bank was among the most proactive about monetary policy. "They were the first to raise rates in 2022 and then put them on hold earlier this year," Moya wrote. "The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike."\n-JR\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22128.7%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Current Stablecoin Balances Mean?\nWhile the financial community eyes jobs data, inflation figures and the Securities Exchange Commission (SEC) impacts, one straightforward factor my give more insight into where the price of bitcoin is headed next.\nAs a primary vehicle for buying crypto assets, the amount of stablecoins on exchanges can serve as a precursor to buying demand.\nWhile some notable exchanges offer a “fiat onramp,” meaning the exchange of U.S. dollars directly for crypto, some investors acquire crypto assets via the exchange of stablecoins like USDC and USDT for crypto.\nPer on-chain data firmGlassnode, the amount of stablecoins held on exchange addresses has declined from 32 billion to 19 billion between January 2022 and June 2023. The price for both BTC and ETH are down 45% and 50% respectively over that time frame.\nIncreases in the stablecoin exchange balance during the remainder of 2023 will be a likely indication that buying demand is increasing.\n-GW\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nBTC Prague Conference\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Bounce Back After SEC Action Against Coinbase, Binance\nBitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discussed how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De broke down the latest developments as SEC seeks a temporary restraining order to freeze assets tied toBinance.USon Tuesday.\nCoinbase CEO Armstrong Says Not Shutting Down Staking Service:The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators.\nBNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble:Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.\nThe Petrodollar and Its Discontents Point to Bitcoin\'s Role in the Financial Future:Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a bitcoin-like currency do better?\nAave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet:The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.\nStablecoin Issuer Circle Receives Digital Token License in Singapore:The issuer of USDC received in-principle approval in November last year.', 'Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed the gains seen Wednesday amid the unfolding implications of the U.S. securities regulator this week suing two of the world\x92s biggest cryptocurrency exchanges, Binance and Coinbase. Cardano\x92s ADA token was the biggest loser, followed by Solana and Binance\x92s BNB. Broad slide Bitcoin slid 3.24% over the last 24 hours to US$26,300 at 7:00 a.m. in Hong Kong, reversing the gains seen on Wednesday. The world\x92s largest crypto by market capitalization has lost 3.21% over the past seven days, according to data from CoinMarketCap. Ether dropped 2.81% in the same period to US$1,831, and logged a 2.01% weekly loss. Cardano\x92s ADA was the biggest loser among the top 10, with an 8.88% decline, bringing its losses for the week to 14.06%. Solana saw the second largest daily loss, down 8.82%. The BNB token issued by the Binance crypto exchange slid 8.46% for a drop of 15.69% for the seven days. After the U.S. Securities and Exchange Commission (SEC) filed lawsuits against Binance and Coinbase earlier this week, Binance founder Changpeng Zhao was issued a summons by a U.S. court that was addressed to a Binance office in the Grand Caymans. It gave him 21 days to respond. Zhao tweeted Wednesday that this was \x93just part of the SEC compliant process\x94 and that he will not have to appear in court in person. A main element of the SEC complaint is a listing of cryptocurrencies it regards as unregulated securities. Binance.US, the trading platform Zhao set up to serve U.S. clients, said Thursday morning in Asia that it will remove 10 Bitcoin and BUSD trading pairs on Friday midnight Hong Kong time. The pairs set to be scrapped from the platform include ATOM/BTC and MANA/BTC. Binance.US has also suspended its over-the-counter trading portal, according to the statement. Coinbase chief executive officer Brian Armstrong said Wednesday at the Bloomberg Invest conference in New York that Coinbase will continue running its crypto staking service and that the SEC\x92s lawsuit filed on Tuesday against the company was \x93not unexpected.\x94 Story continues \x93We are not going to wind down our staking services. As these court cases play out, it\x92s really business as usual,\x94 Armstrong added. \x93We had many discussions within the last year when their [SEC\x92s] tone started to change. They started to come to us with more questions about the business, so we were very forthcoming.\x94 In another related development, the SEC was ordered on Tuesday by the U.S. Court of Appeals for the Third Circuit to respond to Coinbase\x92s pending petition for rule-making clarity within seven days. In April, Coinbase sued the SEC and requested the regulator publicly respond to the exchange\x92s July 2022 petition asking for clearer crypto regulation guidelines. \x93We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions,\x94 Paul Grewal, chief legal officer of Coinbase, tweeted on Wednesday. \x93That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.\x94 Good news? Alessio Quaglini, chief executive officer of Hong Kong-based digital asset custodian Hex Trust, said while the latest actions by the SEC may create short-term uncertainty and volatility, in the longer term, the market needs clarity on regulations. \x93It\x92s an opportunity for the crypto industry to grow leaner, stronger and more compliant. Prior to this week\x92s events, the SEC\x92s enforcement actions have been chaotic, but their stance this week is crystal clear.\x94 Regulatory pressure that\x92s been mounting in the US has been redirecting firms to other jurisdictions where the landscape is clearer, he said. \x93Positive progress has been made across Dubai, Hong Kong and Europe \x96 but there\x92s room for improvement,\x94 he said, adding that many of the industry\x92s problems of recent years could have been avoided with a clear framework to properly segregate clients\x92 assets and operate transparently and legally. Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, said the SEC\x92s move was not unexpected, but still came out of the blue and spooked many investors. As for the targeted exchanges: \x93It also stands to reason that the SEC would have a weaker case when it comes to Coinbase \x96 which was listed on the Nasdaq with the SEC\x92s approval, works with U.S. licensed businesses and even helps the U.S. government with liquidating any collected bitcoins,\x94 d\x92Anethan said. NFT sales fall The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 1.03% to 3,241.93 in the 24 hours to 9:45 a.m. in Hong Kong. NFT sales on Ethereum fell 7.89% over the last 24 hours to US$15.48 million, and sales on the Bitcoin network dropped 57.42% to US$3.93 million, according to CryptoSlam data . \x93Once you look past the wash trading, you\x92ll see Bored Ape Yacht Club has had one of its lowest days of sales of the year,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Thursday. \x93It fell out of CryptoSlam\x92s top 10 NFT collections by sales value, even with a new teaser video from Yuga Labs dropping today.\x94 Sales of DMarket , a Mythos blockchain-based collection of gaming NFTs, shrank 21.07% over the past 24 hours to US$1.08 million. The collection still recorded the most daily sales across the NFT market, however. Mutant Ape Yacht Club saw the second-largest sales of US$1 million, followed by Uncategorized Ordinals\x92 US$985,603 and $MXRC\x92s US$900,090, according to CryptoSlam data. \x93Following a drop yesterday, real traders are starting to get their hands on the latest BRC-20 on Bitcoin called $MXRC,\x94 Petscher said. In another development, video game retailer GameStop has \x93terminated\x92 its chief executive officer Matt Furlong, the company said Wednesday in a statement . GameStop did not name a replacement, but has elected Ryan Cohen, founder of e-commerce company Chewy, as executive chairman. Furlong, who joined GameStop in June 2021, spearheaded the company\x92s NFT marketplace rollout in July 2022. However, the company said in December that it would shift its focus back to video games and collectibles with less focus on NFTs. GameStop shares on Nasdaq closed 5.75% higher on Wednesday, but dropped 19.23% in after-hours trading. U.S. stock futures edge down Image: Getty Images U.S. stock futures traded marginally lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.05%, and S&P 500 futures dipped 0.01%. Nasdaq Futures fell 0.05%. Overnight in the U.S., the three major stock indexes were mixed. The Nasdaq Composite dropped 1.29%, and S&P 500 slid 0.38%. The Dow Jones Industrial Average climbed 0.27%. In macroeconomic developments, Canada\x92s central bank on Wednesday unexpectedly hiked its overnight rate to 4.75%, a 22-year high . The same day, the Paris-based Organisation for Economic Co-operation and Development (OECD) said the global economy is \x93showing signs of improvement but the upturn remains weak.\x94 The world economy is projected to grow 2.7% this year, compared to 3.3% GDP growth in 2022, according to OECD\x92s latest economic outlook . \x93Macro markets have retraced sharply after the Bank of Canada surprised investors by raising rates, pushing equity indexes in the U.S. lower,\x94 d\x92Anethan of Keyrock said. The U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool now predicts a 66.7% chance the Fed will leave rates unchanged in June, and a 33.3% chance for another 25-basis-point rate hike. (Updates with equity section.)', 'Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed thegainsseen Wednesday amid the unfolding implications of the U.S. securities regulator this week suing two of the world’s biggest cryptocurrency exchanges, Binance and Coinbase. Cardano’s ADA token was the biggest loser, followed by Solana and Binance’s BNB.\nBitcoin slid 3.24% over the last 24 hours to US$26,300 at 7:00 a.m. in Hong Kong, reversing the gains seen on Wednesday. The world’s largest crypto by market capitalization has lost 3.21% over the past seven days, according todatafrom CoinMarketCap.\nEther dropped 2.81% in the same period to US$1,831, and logged a 2.01% weekly loss.\nCardano’s ADA was the biggest loser among the top 10, with an 8.88% decline, bringing its losses for the week to 14.06%.\nSolana saw the second largest daily loss, down 8.82%. The BNB token issued by the Binance crypto exchange slid 8.46% for a drop of 15.69% for the seven days.\nAfter the U.S. Securities and Exchange Commission (SEC) filedlawsuitsagainst Binance and Coinbase earlier this week, Binance founder Changpeng Zhao was issued asummonsby a U.S. court that was addressed to a Binance office in the Grand Caymans. It gave him 21 days to respond.\nZhaotweetedWednesday that this was “just part of the SEC compliant process” and that he will not have to appear in court in person.\nA main element of the SEC complaint is a listing of cryptocurrencies it regards as unregulated securities. Binance.US, the trading platform Zhao set up to serve U.S. clients,saidThursday morning in Asia that it will remove 10 Bitcoin and BUSD trading pairs on Friday midnight Hong Kong time. The pairs set to be scrapped from the platform include ATOM/BTC and MANA/BTC.\nBinance.US has also suspended its over-the-counter trading portal, according to the statement.\nCoinbase chief executive officer Brian ArmstrongsaidWednesday at the Bloomberg Invest conference in New York that Coinbase will continue running itscrypto staking serviceand that the SEC’s lawsuitfiledon Tuesday against the company was “not unexpected.”\n“We are not going to wind down our staking services. As these court cases play out, it’s really business as usual,” Armstrong added. “We had many discussions within the last year when their [SEC’s] tone started to change. They started to come to us with more questions about the business, so we were very forthcoming.”\nIn another related development, the SEC wasorderedon Tuesday by the U.S. Court of Appeals for the Third Circuit torespondto Coinbase’s pending petition for rule-making clarity within seven days. In April, Coinbasesuedthe SEC and requested the regulator publicly respond to the exchange’s July 2022 petition asking for clearer crypto regulation guidelines.\n“We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions,” Paul Grewal, chief legal officer of Coinbase,tweetedon Wednesday. “That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.”\nAlessio Quaglini, chief executive officer of Hong Kong-based digital asset custodian Hex Trust, said while the latest actions by the SEC may create short-term uncertainty and volatility, in the longer term, the market needs clarity on regulations.\n“It’s an opportunity for the crypto industry to grow leaner, stronger and more compliant. Prior to this week’s events, the SEC’s enforcement actions have been chaotic, but their stance this week is crystal clear.”\nRegulatory pressure that’s been mounting in the US has been redirecting firms to other jurisdictions where the landscape is clearer, he said.\n“Positive progress has been made across Dubai, Hong Kong and Europe – but there’s room for improvement,” he said, adding that many of the industry’s problems of recent years could have been avoided with a clear framework to properly segregate clients’ assets and operate transparently and legally.\nJustin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, said the SEC’s move was not unexpected, but still came out of the blue and spooked many investors.\nAs for the targeted exchanges: “It also stands to reason that the SEC would have a weaker case when it comes to Coinbase – which was listed on the Nasdaq with the SEC’s approval, works with U.S. licensed businesses and even helps the U.S. government with liquidating any collected bitcoins,” d’Anethan said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 1.03% to 3,241.93 in the 24 hours to 9:45 a.m. in Hong Kong.\nNFT sales on Ethereum fell 7.89% over the last 24 hours to US$15.48 million, and sales on the Bitcoin network dropped 57.42% to US$3.93 million, according to CryptoSlamdata.\n“Once you look past the wash trading, you’ll see Bored Ape Yacht Club has had one of its lowest days of sales of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Thursday. “It fell out of CryptoSlam’s top 10 NFT collections by sales value, even with a newteaservideo from Yuga Labs dropping today.”\nSales ofDMarket, aMythosblockchain-based collection of gaming NFTs, shrank 21.07% over the past 24 hours to US$1.08 million. The collection still recorded the most daily sales across the NFT market, however.\nMutant Ape Yacht Club saw the second-largest sales of US$1 million, followed byUncategorized Ordinals’US$985,603 and$MXRC’sUS$900,090, according to CryptoSlam data.\n“Following a drop yesterday, real traders are starting to get their hands on the latest BRC-20 on Bitcoin called $MXRC,” Petscher said.\nIn another development, video game retailer GameStop has “terminated’ its chief executive officer Matt Furlong, the company said Wednesday in astatement. GameStop did not name a replacement, but has elected Ryan Cohen, founder of e-commerce company Chewy, as executive chairman.\nFurlong, who joined GameStop in June 2021, spearheaded the company’s NFTmarketplacerollout in July 2022. However, the companysaidin December that it would shift its focus back to video games and collectibles with less focus on NFTs.\nGameStop shares on Nasdaq closed 5.75% higher on Wednesday, but dropped 19.23% in after-hours trading.\nU.S. stock futures traded marginally lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.05%, and S&P 500 futures dipped 0.01%. Nasdaq Futures fell 0.05%.\nOvernight in the U.S., the three major stock indexes were mixed. The Nasdaq Composite dropped 1.29%, and S&P 500 slid 0.38%. The Dow Jones Industrial Average climbed 0.27%.\nIn macroeconomic developments, Canada’s central bank on Wednesday unexpectedlyhikedits overnight rate to 4.75%, a 22-yearhigh. The same day, the Paris-based Organisation for Economic Co-operation and Development (OECD)saidthe global economy is “showing signs of improvement but the upturn remains weak.”\nThe world economy is projected to grow 2.7% this year, compared to 3.3% GDP growth in 2022, according to OECD’s latest economicoutlook.\n“Macro markets have retraced sharply after the Bank of Canada surprised investors by raising rates, pushing equity indexes in the U.S. lower,” d’Anethan of Keyrock said.\nThe U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 66.7% chance the Fed will leave rates unchanged in June, and a 33.3% chance for another 25-basis-point rate hike.\n(Updates with equity section.)', 'Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed thegainsseen Wednesday amid the unfolding implications of the U.S. securities regulator this week suing two of the world’s biggest cryptocurrency exchanges, Binance and Coinbase. Cardano’s ADA token was the biggest loser, followed by Solana and Binance’s BNB.\nBitcoin slid 3.24% over the last 24 hours to US$26,300 at 7:00 a.m. in Hong Kong, reversing the gains seen on Wednesday. The world’s largest crypto by market capitalization has lost 3.21% over the past seven days, according todatafrom CoinMarketCap.\nEther dropped 2.81% in the same period to US$1,831, and logged a 2.01% weekly loss.\nCardano’s ADA was the biggest loser among the top 10, with an 8.88% decline, bringing its losses for the week to 14.06%.\nSolana saw the second largest daily loss, down 8.82%. The BNB token issued by the Binance crypto exchange slid 8.46% for a drop of 15.69% for the seven days.\nAfter the U.S. Securities and Exchange Commission (SEC) filedlawsuitsagainst Binance and Coinbase earlier this week, Binance founder Changpeng Zhao was issued asummonsby a U.S. court that was addressed to a Binance office in the Grand Caymans. It gave him 21 days to respond.\nZhaotweetedWednesday that this was “just part of the SEC compliant process” and that he will not have to appear in court in person.\nA main element of the SEC complaint is a listing of cryptocurrencies it regards as unregulated securities. Binance.US, the trading platform Zhao set up to serve U.S. clients,saidThursday morning in Asia that it will remove 10 Bitcoin and BUSD trading pairs on Friday midnight Hong Kong time. The pairs set to be scrapped from the platform include ATOM/BTC and MANA/BTC.\nBinance.US has also suspended its over-the-counter trading portal, according to the statement.\nCoinbase chief executive officer Brian ArmstrongsaidWednesday at the Bloomberg Invest conference in New York that Coinbase will continue running itscrypto staking serviceand that the SEC’s lawsuitfiledon Tuesday against the company was “not unexpected.”\n“We are not going to wind down our staking services. As these court cases play out, it’s really business as usual,” Armstrong added. “We had many discussions within the last year when their [SEC’s] tone started to change. They started to come to us with more questions about the business, so we were very forthcoming.”\nIn another related development, the SEC wasorderedon Tuesday by the U.S. Court of Appeals for the Third Circuit torespondto Coinbase’s pending petition for rule-making clarity within seven days. In April, Coinbasesuedthe SEC and requested the regulator publicly respond to the exchange’s July 2022 petition asking for clearer crypto regulation guidelines.\n“We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions,” Paul Grewal, chief legal officer of Coinbase,tweetedon Wednesday. “That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.”\nAlessio Quaglini, chief executive officer of Hong Kong-based digital asset custodian Hex Trust, said while the latest actions by the SEC may create short-term uncertainty and volatility, in the longer term, the market needs clarity on regulations.\n“It’s an opportunity for the crypto industry to grow leaner, stronger and more compliant. Prior to this week’s events, the SEC’s enforcement actions have been chaotic, but their stance this week is crystal clear.”\nRegulatory pressure that’s been mounting in the US has been redirecting firms to other jurisdictions where the landscape is clearer, he said.\n“Positive progress has been made across Dubai, Hong Kong and Europe – but there’s room for improvement,” he said, adding that many of the industry’s problems of recent years could have been avoided with a clear framework to properly segregate clients’ assets and operate transparently and legally.\nJustin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, said the SEC’s move was not unexpected, but still came out of the blue and spooked many investors.\nAs for the targeted exchanges: “It also stands to reason that the SEC would have a weaker case when it comes to Coinbase – which was listed on the Nasdaq with the SEC’s approval, works with U.S. licensed businesses and even helps the U.S. government with liquidating any collected bitcoins,” d’Anethan said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 1.03% to 3,241.93 in the 24 hours to 9:45 a.m. in Hong Kong.\nNFT sales on Ethereum fell 7.89% over the last 24 hours to US$15.48 million, and sales on the Bitcoin network dropped 57.42% to US$3.93 million, according to CryptoSlamdata.\n“Once you look past the wash trading, you’ll see Bored Ape Yacht Club has had one of its lowest days of sales of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Thursday. “It fell out of CryptoSlam’s top 10 NFT collections by sales value, even with a newteaservideo from Yuga Labs dropping today.”\nSales ofDMarket, aMythosblockchain-based collection of gaming NFTs, shrank 21.07% over the past 24 hours to US$1.08 million. The collection still recorded the most daily sales across the NFT market, however.\nMutant Ape Yacht Club saw the second-largest sales of US$1 million, followed byUncategorized Ordinals’US$985,603 and$MXRC’sUS$900,090, according to CryptoSlam data.\n“Following a drop yesterday, real traders are starting to get their hands on the latest BRC-20 on Bitcoin called $MXRC,” Petscher said.\nIn another development, video game retailer GameStop has “terminated’ its chief executive officer Matt Furlong, the company said Wednesday in astatement. GameStop did not name a replacement, but has elected Ryan Cohen, founder of e-commerce company Chewy, as executive chairman.\nFurlong, who joined GameStop in June 2021, spearheaded the company’s NFTmarketplacerollout in July 2022. However, the companysaidin December that it would shift its focus back to video games and collectibles with less focus on NFTs.\nGameStop shares on Nasdaq closed 5.75% higher on Wednesday, but dropped 19.23% in after-hours trading.\nU.S. stock futures traded marginally lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.05%, and S&P 500 futures dipped 0.01%. Nasdaq Futures fell 0.05%.\nOvernight in the U.S., the three major stock indexes were mixed. The Nasdaq Composite dropped 1.29%, and S&P 500 slid 0.38%. The Dow Jones Industrial Average climbed 0.27%.\nIn macroeconomic developments, Canada’s central bank on Wednesday unexpectedlyhikedits overnight rate to 4.75%, a 22-yearhigh. The same day, the Paris-based Organisation for Economic Co-operation and Development (OECD)saidthe global economy is “showing signs of improvement but the upturn remains weak.”\nThe world economy is projected to grow 2.7% this year, compared to 3.3% GDP growth in 2022, according to OECD’s latest economicoutlook.\n“Macro markets have retraced sharply after the Bank of Canada surprised investors by raising rates, pushing equity indexes in the U.S. lower,” d’Anethan of Keyrock said.\nThe U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 66.7% chance the Fed will leave rates unchanged in June, and a 33.3% chance for another 25-basis-point rate hike.\n(Updates with equity section.)', 'Cathie Woods’ tech-focused investment firm ARK Invest expanded its holdings of Coinbase shares after the stock took a blow. The reason: A massive lawsuit filed by the Securities and Exchange Commission. Ark purchased 419,324 shares worth approximately $21.6 million at Tuesday\'s closing price of $51.61 through its three exchange-traded funds: ARK\'s Innovation ETF, Next Generation ETF, and Fintech Innovation ETF. In total, Ark now holds about 11,776,015 shares , making it the second largest owner of Coinbase shares after Vanguard Group. This is not be the first time that Wood has scooped up Coinbase shares amid its long-running feud with the SEC. In March, Wood’s funds bought nearly $18 million worth of Coinbase shares after it received a Wells Notice from the SEC, a precursor to the lawsuit filed on Tuesday. SEC Sues Coinbase Over Staking Services, Failing to Register Coinbase\'s struggles with the SEC have, in some ways, run parallel to Wood’s own interactions with the regulator. In March, Wood filed a third application with the SEC to launch a Bitcoin spot ETF after two previous attempts were rejected. To date, the SEC has approved four Bitcoin futures ETFs that offer shares to investors without involving direct ownership of Bitcoin itself, but none for the spot market. Coinbase’s stock took a beating on Tuesday after the SEC launched its lawsuit, accusing the company of operating an unregistered exchange and for offering unregistered securities. After the SEC’s action, Coinbase’s stock on Nasdaq fell by more than 21% to $45.98. At the time of writing, COIN’s shares are being traded at $53.38. SEC Approves Fourth Bitcoin Futures ETF—But This One Is Different Coinbase has accused the SEC of failing to issue guidance on how to operate without running afoul of its regulatory oversight. In April, Coinbase asked a federal court to force the SEC to issue clearer crypto guidance and previously sent the SEC its so-called " petition for rulemaking " last summer, but no response was provided. After the SEC sued Coinbase, a federal judge ordered the agency to respond to Coinbase\'s request within the next seven days. The SEC’s lawsuit follows one filed against Binance , t\u200b\u200bhe world’s largest cryptocurrency exchange, on allegations of violating securities laws that include failing to register as an exchange and engaging in unregistered crypto transactions. Binance is also accused of commingling customer funds. The company has denied the charges and accused the SEC of overreach.', 'Cathie Woods’ tech-focused investment firm ARK Invest expanded its holdings of Coinbase shares after the stock took a blow. The reason: A massivelawsuit filedby the Securities and Exchange Commission.\nArk purchased 419,324 shares worth approximately $21.6 million at Tuesday\'s closing price of $51.61 through its three exchange-traded funds: ARK\'s Innovation ETF, Next Generation ETF, and Fintech Innovation ETF. In total, Ark now holds about11,776,015 shares, making it the second largest owner of Coinbase shares after Vanguard Group.\nThis is not be the first time that Wood has scooped up Coinbase shares amid its long-running feud with the SEC. In March, Wood’s funds boughtnearly $18 millionworth of Coinbase shares after it received aWells Noticefrom the SEC, a precursor to the lawsuit filed on Tuesday.\nSEC Sues Coinbase Over Staking Services, Failing to Register\nCoinbase\'s struggles with the SEC have, in some ways, run parallel to Wood’s own interactions with the regulator.\nIn March, Wood filed a thirdap Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $514,297,866,062 - Hash Rate: 392218411.0764248 - Transaction Count: 407006.0 - Unique Addresses: 682296.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Polkadot, the blockchain created by legendary coder Gavin Wood after he split from Ethereum, is getting a new privacy feature. The tool uses zero-knowledge proofs and soulbound tokens (yes, the things dreamt up by Vitalik Buterin) to help limit the amount of information crypto users share when they transact on-chain. Meanwhile, a new interoperable NFT standard has launched on Cosmos . This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . In particular, a layer 1 Polkadot blockchain called Manta Network has teamed up with the team behind the rollup-based scaling tool Linea to build a “zero-knowledge soulbound tokens” (zkSBT) that will allow users to selectively reveal their digital identities when interacting with apps (essentially shielding their on-chain transaction activity). And the new Cosmos NFT standard – called ICS-721 in homage to Ethereum’s ERC 721 NFT standard – will unlock a type of non-fungible asset that can be traded across blockchains. The stories mentioned aren’t really connected (different tech, different chains, different use cases), except in the sense that they’re part of the same broader trend in crypto: the winter is for hunkering down and building. Despite being a cliche, this is worth bringing up now and again because it reveals the level of ingenuity and cooperation across crypto. There are other industries where information-sharing is the norm, and the “free and open source” movement has been going for decades, but it is in crypto that cross-pollination hit its stride. Vitalik Buterin blogged about the idea of soulbound tokens – a kind of blockchain-based curriculum vitae that follows a person throughout their life keeping record of their achievements, which cannot be traded or sold – in mid-2022, offering the idea to anyone to play around with. Perhaps because of the Extremely Metal moniker, SBTs gained a lot of attention and inspired others to write about how such an asset would revolutionize society. Story continues Obviously ideas are cheap (inspiration strikes when it wants, and no amount of money will summon it) – and it’s harder to build. That’s why seeing a real-life deployment of soulbound tokens is so interesting. Perhaps because of the amount of money still sloshing around, perhaps because of the type of people the industry attracts, there is tremendous amount of technological experimentation that happens in the crypto industry. Nowhere else is this more visible than in zero-knowledge (ZK) cryptography, which was essentially limited to a branch of academic research since the mid-80s when computer scientists Shafi Goldwasser, Charles Rackoff and Silvio Micali (yes, the Algorand guy) coined the term. Although the concept is simple enough – deploy a system that allows one party to prove to another that some statement is “true” without showing all his cards – crypto was really the first industry to put ZK-proofs into widespread commercial use. It’s now used to help scale Ethereum, protect wallets and now that new Polkadot-based tool. Sure, maybe the honor really belongs to the pioneering advocates for open-source code, who saw what could be built with software and the pressure to commodify it and championed for researchers to share their findings and publish code under permissive copyright licenses. These are figures like Linux’s Linus Torvalds and O’Reilly’s Tim O'Reilly – figures who helped build the internet we know today. And because so much of crypto is open source, the industry is also open to abuse. At the low-end level this essentially opens the door for spammers to fork projects endlessly to create meme coins. And at a scarier level, nation state actors including North Korea, which has turned abusing permissive blockchain tools into a major source of income. But whether you’re a Bitcoiner who thinks Ethereum is good if only because it’s essentially a free research project into tech that may find its way onto Bitcoin, or a FOSS zealot like Richard Stallman who wrote the “GNU Manifesto,” making the case that giving users control over their own computers is a moral imperative there’s likely more good than harm that comes from open source code. At a time when crypto is being hounded by regulators (at least in the U.S.), it’s worth highlighting some of the benefits of crypto. Just today, Ledger CEO Pascal Gauthier announced a roadmap to open-source more of the firm’s hardware wallet after pressure from the crypto community over its proprietary “Ledger Recover” software update. See also: StarkWare to Open Source Its Ethereum Scaling System Open-source increases transparency, and likely also spurs competition and cheaper prices. Tech companies need to drive innovation, if they want anyone to pay for a product that otherwise might be free. OpenAI the once non-profit dedicated to AI safety that’s now a glorified Microsoft plugin is a case in point: CEO Sam Altman has all but said the company has no moat against the proliferation of free and open AI alternatives (something Google execs actually did say). Not everyone will be convinced by the benefits of “open collaboration.” And I could personally see the case for keeping some technological secrets under lock and key – like how to enrich nuclear weapons – and basic intellectual property protections. But wouldn’t you want to live in a world where people shared more?... - Reddit Posts (Sample): [['u/BurlBukowski', 'Between Hope and Fear', 22, '2023-06-08 00:03', 'https://www.reddit.com/r/Hedera/comments/143qid7/between_hope_and_fear/', 'Well friends, I suppose we might see some serious shit. If ever there was a time to rally the troops, or as Sam Jackson might say “HODL onto your butts and HBARs”\n\nA friend told me about 10 years ago to buy some Bitcoin. I did not. I own a bunch of HBAR though and if we keep heading under .05 I am going to get more, because I could be wrong, but I think once the dust settles…(this is not financial advice)', 'https://www.reddit.com/r/Hedera/comments/143qid7/between_hope_and_fear/', '143qid7', [['u/Interesting-Worry756', 10, '2023-06-08 00:21', 'https://www.reddit.com/r/Hedera/comments/143qid7/between_hope_and_fear/jnbfwnh/', '>but I think once the dust settles…\n\n![gif](giphy\|b85mPT4Usz7fq)', '143qid7']]], ['u/Great-Ad2861', 'Jason and Jessica at it again. Calling me threatening me AGAIN. From a texting app.', 37, '2023-06-08 01:37', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/', 'Threatening to post videos of me doing this and that. Don’t talk about be about it. Post that shit bitch. You fuckn rat. Ride or die. Btch ride this BLEEP… edited for Reddit', 'https://i.redd.it/7af9mgwvlo4b1.jpg', '143stni', [['u/G_Ram3', 10, '2023-06-08 02:15', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbvvjz/', 'As much as I want to be 12 years old and prank them, I won’t. But some people just might. I just don’t want you to get any shit for all of us seeing that phone number!!', '143stni'], ['u/G_Ram3', 14, '2023-06-08 02:19', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbwb5d/', 'Okay, you’re probably right. Jess LOVES deleting shit. It’s another super power…deleting methed out mistakes.', '143stni'], ['u/LittleTT8219', 13, '2023-06-08 02:22', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbwtds/', 'They need to move the fuck on lol she says she’s being honest and there’s a small group of very loud people that are harassing her and all the bullshit she’s spewing why not leave the person alone who’s exposing all your secrets. That sure as fuck would be the last person I’d keep poking and prodding and pushing. But when on drugs and not mentally in a good place you might think threatening someone who’s not afraid is a good idea 💡💡', '143stni'], ['u/LittleTT8219', 10, '2023-06-08 02:32', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnby5z8/', 'Get off the drugs and they’d both be able to get off trying to defend themselves and threaten people that are exposing to people who supported her that she’s a complete fraudulent bitch lol', '143stni'], ['u/Great-Ad2861', 13, '2023-06-08 02:44', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbzqn8/', 'I made a 2 hour long video with her today. It should be up tomorrow. Wait til you hear this shit', '143stni'], ['u/Thatcherrycupcake', 12, '2023-06-08 03:49', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnc8uq8/', 'Don’t Jess and Jason have nothing else to do but harass others?? Like they have nothing else going on their lives. Jason has a child (I think he has one, sorry if I get it wrong, and jessica has 2). Like, these adults have nothing else to do?? Nothing else to focus on? That’s how I know recovery isn’t even in the forefront of their minds. Gosh, I really feel for the kids. I know I said this before, but just imagine the environment they are living in. Their mother can’t stop harassing others on a daily basis. They are around a tweaker and have been around a child abuser. They are at the least, emotionally neglected. Like no way she and Jason can have energy to do this plus focus on their children and other things. You do not deserve any of this, Mindy. And same with Nicole.\n\nThey are digging themselves further into their holes. I would create a paper trail and document their threats. Keep every screenshot. I’m so sorry you are going through this', '143stni'], ['u/Great-Ad2861', 13, '2023-06-08 03:57', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnc9xi2/', 'Honestly I would leave it alone if they would leave me alone. No I wouldn’t, if I saw her lying at anytime I would point it out bc she deserves that. This all started up again with Jason blowing up my phone accusing me of being behind Nicole’s videos. As if I have her make the videos. He then threatened everyone’s future and me with prison time. Since then it’s been back and forth back and forth. I will ALWAYS stand up for myself. No way will I just sit in silence. You are so right, they should have better things to do. But meth addicts get hyper fixated on something and just can’t stop. Unfortunately me and Reece are the somethings. Thank you you for this comment. Well said.', '143stni'], ['u/Great-Ad2861', 10, '2023-06-08 04:38', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncfhnm/', 'Wait til they hear my Youtube video tomorrow on Wildflower Tea’s channel. Shit will really hit the fan.', '143stni'], ['u/mooseinabottle', 11, '2023-06-08 05:12', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncjonx/', 'Domethtic violence. Sorry you’re dealing with this, Mindy, but I hope this subreddit helps you laugh at their desperation more than you’re stressed about getting fucked with. Obviously if she had any of this shit she’d have posted it anonymously in here already under her ‘Exsposed’ account with her overgrown manicure.\n\nI can only imagine what those sweet little girls must be thinking and feeling about their mother constantly sitting around plotting and scheming with mommy’s “friend” who sleeps (or rather doesn’t sleep) over every night. It must make them feel so uneasy and confused. I just hope things get better for them somehow before they get worse. 🫤', '143stni'], ['u/Great-Ad2861', 15, '2023-06-08 05:14', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncjzvp/', 'Y’all are like a little family to me! You have no idea how much you have helped me! \nDefinitely if she had any of these things that aren’t possible to have but let’s pretend they are…they would have been blasted long ago.', '143stni'], ['u/boogawoogaX', 11, '2023-06-08 05:27', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncljsw/', "She's getting more unstable by the day, sadly...", '143stni'], ['u/Great-Ad2861', 25, '2023-06-08 05:48', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncnvsi/', 'You can tell her lawyer does not do family law normally…bc if they did they would advise her to sit the fuck down and shut the fuck up. At this point Reece seems more stable than Jess, gun and all.🤣', '143stni']]], ['u/Express_Baker_1852', 'Bitcoin #1a', 40, '2023-06-08 01:41', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/', 'I pulled this in the one pack I bought just to see of I could get into this but im having a hard time determining what rarity I pulled, its marked 99/99 on the back', 'https://i.redd.it/35ovgycgmo4b1.jpg', '143sx3j', [['u/-Squidster-', 18, '2023-06-08 01:50', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/jnbseyi/', 'You pulled a very nice card, it’s the very last of a total of 99 Emerald 1A refractor printed!\n\nCongrats!\n\nI know it’s hard to tell with the Crypto Coin themed cards cause normally an Emerald Refractor would have a green border to it, but the 1A card are special and have an exception to this, being silver borders. And the other ones, such as BTC/ETH/LTC do the entire card the Gemstone’s color.\n\nExample below of a Ruby #1\n\nhttps://preview.redd.it/qlzmyniooo4b1.jpeg?width=3024&format=pjpg&auto=webp&v=enabled&s=e19d4654ef81d042f0d1743df74c0d5fa4735a8b', '143sx3j'], ['u/thatbromatt', 14, '2023-06-08 01:59', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/jnbtp9n/', "Holy smokes you are incredibly lucky! The 1a is considered a pretty rare base card in and of itself, so to get a gemstone refractor is pretty gnarly! Throw that bih in a protector asap if you haven't :D shes a beaut", '143sx3j'], ['u/forbiddendoughnut', 13, '2023-06-08 02:22', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/jnbwtv7/', 'Man oh man is that ruby a beauty.', '143sx3j']]], ['u/Key-Rip8688', 'Is This Job a Scam?', 18, '2023-06-08 02:17', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/', 'I applied for a customer service representative job (remote job) on indeed. They messaged me over indeed and asked me to email them. There email looked like the company as it had a company name in it. The email sent was very long with a company logo thanking me for reaching out and explained a trial period was to occur before hiring that I would be payed for. The trial period is 1 week and if i do well I am hired. I emailed and said I am okay with that. She then sent me the employee agreement which I signed. \n\nFrom here is where i got suspicious. I looked up the company and everyrhing seemed legit. I ended up talking to her over an app called telegram and she told me to make a kraken account. I made one and then she made me watch alot of videos to watch about bitcoin, microsoft and so on. Someone then called me to confirm I watched all the videos before we proceed.\n\nToday they sent me $2700 over etransfer and they told me to use kraken to get a QR code then got to my bank, take out the money she sent me and then go to a canada post to deposit the money into my kraken account. I did so and then ended up converting the money to bitcoin and then depositing it into my wallet. She also sent me extra money for the gas. \n\nThe reason I needed bitcoin is because this is an IT company who uses bitcoin to buy and sell to partners and customers.\n\nI am so confused and this seems like a scam, but no money has been taken from me (in fact I have more money) and the only info they have is my email and phone number. PLEASE HELP!', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/', '143ts98', [['u/caponerd809', 14, '2023-06-08 02:38', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/jnbz140/', 'RED FLAGS\n\n1. trial period \n2. telegram\n3. being led to create another type of account\n4. they sent you money\n\nthe scam was that they basically used you to launder money, they had you create and acct, then had you make the financial transactions. Everything leads back to you and not them. Report this to your local police ASAP', '143ts98'], ['u/Poetic-Personality', 23, '2023-06-08 02:40', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/jnbzawy/', 'It’s a scam, 1000%. Moving forward - remote/wfh positions are unbelievably competitive. Almost impossible to even get interviewed for one, so if someone offers you one that easily…it’s a scam.', '143ts98'], ['u/Opening-Reaction-511', 18, '2023-06-08 03:00', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/jnc1zuw/', 'NO ONE OFFERS JOBS WITHOUT A REAL INTERVIEW!!!! NO JOB SENDS CHECKS BEFORE YOU WORKED A DAY!!!!', '143ts98']]], ['u/AcanthisittaIll1777', '[5e, PF2e] Adventures in Escann — a Living World of Wrought and Wonder', 59, '2023-06-08 05:01', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/', "Hey guys so the Adventures in Escann campaign is looking for more players to celebrate our 2 year anniversary. There are multiple DMs on the server running sessions at different times and days so we have plenty of seats at the table. If you're interested read below and click the link!\n\nOur adventure takes place in a living world, a shared campaign setting with multiple DMs. Over time the world will change and develop in response to and in spite of the players actions. Sign up for sessions at times that fit your schedule, meeting new members of your party with each adventure. We're celebrating our 2-year anniversary and soft rebooting with a 25-year-timeskip. Everyone's making new 3rd level characters so now is the perfect time to join! Still in ruin from the Greentide invasion from the Serpentspine Mountains, then nearly overtaken by an skeleton horde and it's Undead Dragon. Escann has since been a land in recovery. Taranton, Escann’s most populous city and unrivaled multicultural hub, has almost found its footing in this reawakening frontier — but it will be the strength of this generation’s adventurers that decides whether the land will come into its own or fall back into chaos at the hands of insidious actors. Will Escann give up her mysteries? The ancient court capital of a once grand empire, long-thought sunk beneath the waves of lake Silvermere, has been found with its tallest spires stubbornly refusing to sink beneath the surface — and adventurers are needed to explore it. Will Escann survive her perils? Ambitious Orcish chiefs compete for power, and Escann’s fledgling settlements are under constant threat by roaming mindless undead. Only adventurers stand between prosperity and ruin. Explore the world of Halann created by writer Jay Bean. Enjoy a flexible schedule of sessions across different time zones, with Dungeon Masters in the Americas, Europe, and Oceania. Leave your permanent impact on this living, breathing world. Fill out this application to join: [https://forms.gle/YhbTcc6BjaQUq8ta9](https://forms.gle/YhbTcc6BjaQUq8ta9)\n\n[The City of Taranton \$Starting Location of 5e Players, Home to the Escanni Adventurers Guild & More!\$](https://preview.redd.it/9m423acbms4b1.jpg?width=1028&format=pjpg&auto=webp&v=enabled&s=4594be6ff2fd36e9e05bd8a6fc621e631402e982)", 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/', '143xf3z', [['u/AcanthisittaIll1777', 13, '2023-06-08 14:05', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jndtx9d/', "Hello, thank you for your question,\n\nIn our DnD/Pathfinder server, we have a rule against positive depiction and engagement with slavery by players. This rule is in place to create a safe and inclusive environment. Slavery is a sensitive and troubling topic, and we want to prevent its trivialization or glorification. While slavery might exist in the game's lore, players' characters should not actively participate or profit from it. Although we will run sessions dealing with slavery and it does still exist in the setting.", '143xf3z'], ['u/AcanthisittaIll1777', 10, '2023-06-08 14:14', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jndv05i/', "To clarify, this is not the case. While our server does have a rule against players actively participating in or profiting from slavery, it doesn't mean that slavery can't be part of the narrative or that it can't be used as a plot element. Players can encounter slavery-related situations and confront the issue as a challenge to be opposed. It's about ensuring a respectful and inclusive environment for all players. We believe that there are many other avenues to explore morally gray stories without directly engaging in the ownership or exploitation of slaves.\n\nHave a good day!", '143xf3z'], ['u/AcanthisittaIll1777', 10, '2023-06-08 14:37', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jndxmgi/', 'HP is like stamina/vitality, youre ability to keep on fighting. And healing magic simply restores that. Spells like revivify still function as intended except that instead of bringing you back from recent death, it merely brings you back from the brink of it in the thematic sense.\n\nRegarding Corin, yes, her worship is still very localized in Escann. The Coronite faction is around, however, and has been present in at least 1 of our sessions, I believe.', '143xf3z'], ['u/Nopani', 12, '2023-06-08 16:41', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jneer4s/', '> In our DnD/Pathfinder server, we have a rule against positive depiction and engagement with slavery by players. This rule is in place to create a safe and inclusive environment. \n\nHonestly based. \n\nYou let your guard down, you end up like this subreddit where [genocide jokes](https://www.reddit.com/r/Anbennar/comments/13yn7kc/most_genocidialracist_nonhuman_nation/jmnt0nz/) and [racist rp](https://www.reddit.com/r/Anbennar/comments/12dob31/daily_reminder_for_all_ungrateful_elf_haters/) runs rampant, be harsh on the "it\'d make an interesting story" crowd and [always remember the nazi bar story](https://www.reddit.com/r/paradoxplaza/comments/sjwz0h/the_nazi_bar_problem_and_paradox_games/).', '143xf3z']]], ['u/Great-Ad2861', 'From Mindy…Karma is a btch.', 43, '2023-06-08 05:44', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/', 'Wow.', 'https://i.redd.it/nxb7ffn1up4b1.jpg', '143yb9c', [['u/Beneficial_Daikon_86', 15, '2023-06-08 05:59', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jncp40i/', 'Whoopsie looks like all those rocks she threw finally broke the glass house she as was living in.', '143yb9c'], ['u/JKentSnarkMOD', 11, '2023-06-08 06:00', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jncp8bu/', '![gif](giphy\|ZB95y3XSFbljaNu7mT)\n\n😳', '143yb9c'], ['u/ComprehensivePass953', 12, '2023-06-08 07:00', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jncv8gu/', 'So what is jk trying to do by sending this….. is she letting us know she snitched on Jen ? \nIs that how she got caught ? I’m lost', '143yb9c'], ['u/WillOB3YM3', 16, '2023-06-08 07:52', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnczsfu/', 'I’m lost mindy, what did JC do to you? Not tryna call out anything, just curious because I’ve actually wondered what happened to JC and what y’all’s beef was', '143yb9c'], ['u/Great-Ad2861', 16, '2023-06-08 07:58', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd08it/', 'Omg talks cash money shit on me to everyone. Including on her Facebook group page. 3 faced. Horrible person whom I also thought was my friend.', '143yb9c'], ['u/WillOB3YM3', 20, '2023-06-08 08:03', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd0mnv/', 'So confusing because the timeline I understand is this-\n\n1)y’all made a video together on her YouTube page \n\n2) i remember when JK went into the Reddit group late at night and showed text threads of JC + you talking trash on JK (rightfully so) \n\n3) JC disappears because she was caught playing the acting gig of a caring friend in recovery yelling at everyone on YouTube for being mean to JK while also talking shit about JK to you on the side 😅', '143yb9c'], ['u/Great-Ad2861', 17, '2023-06-08 08:06', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd0wyf/', 'Yah she was my friend supposedly and on my side then immediately got off the phone with me and Cashapped JK 1 dollar (bc she was blocked) and said hey can we talk and proceeded to side with JK and trash me.', '143yb9c'], ['u/WillOB3YM3', 12, '2023-06-08 08:08', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd143o/', 'LOL WTF MAN!! If anything, this entire situation just shows how far accountability and honesty can take a person (ie you.) But everyone wanted to call you out for being a Scorpio as if that means you’re a snake. Mmmmmkkkkkayyyyyyyyy I cannot.', '143yb9c'], ['u/Great-Ad2861', 13, '2023-06-08 08:10', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd18sy/', 'I’m dead ♏️🤣 \nAlthough when Scorpios get hurt, they flip around and sting you with that tail. That’s exactly what has happened here.', '143yb9c'], ['u/Great-Ad2861', 17, '2023-06-08 08:37', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd3e7d/', 'That’s crazy! I don’t fuck with her at all anymore she is a snake just like JK.', '143yb9c'], ['u/devilishtenshi', 15, '2023-06-08 08:43', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd3ud0/', 'What happens with welfare fraud? Is it a fine & paying it all back? Prison? Probation?\n\nEdit: Holy crap just looked it up \n“As a class D felony, if you are convicted of welfare fraud in the third degree your sentence may include a prison term of up to 7 years, a probation term of 5 years, and a fine. You will also be required to pay restitution in the amount of what you received fraudulently.”\n\nHer poor daughter', '143yb9c'], ['u/milan_2_minsk', 18, '2023-06-08 13:31', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jndqc1b/', '7 years for a non-violent felony? On state charges? No way. But she works for the county last I heard so she will definitely lose her job and burn that bridge, even if she’s not convicted. Man this will suck for her daughter.\n\nI know she was collecting food for people, and had Amazon wishlists, I wonder if she was getting food stamps and they nailed her for having the collected food?', '143yb9c'], ['u/Criminology_0-0_', 14, '2023-06-08 14:27', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jndwgry/', 'This breaks my heart for her daughter 😢', '143yb9c'], ['u/Hot_Plane3953', 15, '2023-06-08 16:02', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jne8wj4/', "So I'm not one to poke at someone's appearance but I've noticed Jen looking more and more rough with each video she's made over the past year. She used to take pride in her appearance and do her hair and makeup.... then she stopped and her face had that sunk in look again. I've wondered if she was using again!!!", '143yb9c'], ['u/milan_2_minsk', 16, '2023-06-08 16:05', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jne9esv/', 'Could be. Ive send her stuff before. But I mean it’s food, not Gucci bags or Diamonds. I kind of don’t care if she ate it. Not looking to see someone go hungry.', '143yb9c'], ['u/Hot_Plane3953', 16, '2023-06-08 16:34', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnedng2/', 'Someone said on her YouTube comments, "recover loudly and relapse quietly" 😬😬', '143yb9c']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 08, 2023', 26, '2023-06-08 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/', '143ymox', [['u/Outrageous-Net-7164', 26, '2023-06-08 13:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jndp528/', 'Remember when the talk in here was whether a\nspot ETF was going to be approved. \n\nHow things change', '143ymox'], ['u/Set1Less', 19, '2023-06-08 14:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jndwimu/', 'This sub screenshots are now part of evidence in a federal lawsuit lol\n\nhttps://www.courtlistener.com/docket/67474542/12/15/securities-and-exchange-commission-v-binance-holdings-limited/', '143ymox'], ['u/Westbrook_Level', 10, '2023-06-08 15:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jne1q7a/', 'Imagine the SEC approving an ETF around late 2025 in the bull run when their overlords\' bags are full and they need plebs to dump on. Crazier things have happened. They will say they have "cleaned up crypto" and it is safe enough to launch an ETF now.', '143ymox'], ['u/dopeboyrico', 24, '2023-06-08 15:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jne56l1/', '[Average cost to mine BTC](https://en.macromicro.me/charts/29435/bitcoin-production-total-cost) continues to reach new ATH as [global hashrate](https://www.coinwarz.com/mining/bitcoin/hashrate-chart) continues to grow to new ATH.\n\nHalf as many BTC will be mined each year beginning next year. Either hashrate is going to drop significantly or price is going to rise significantly to keep input costs viable for miners after the halving. Historically it’s always been the latter and never the former.', '143ymox'], ['u/ReflectionFamiliar68', 20, '2023-06-08 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jne9j0t/', 'I\'m not sure why we have to keep saying this over and over but\n\nCosts to mine btc follows price, not the other way around. Difficulty adjustment either forces miners to shut down when blocks come too fast (due to higher difficulty) or entices them to join when blocks are too slow (lower difficulty). "Price rise significantly to keep input costs viable for miners" is just not a thing that happens, that is getting cause and effect backward. No one buys bitcoin just to keep miners in business.\n\nMiners do have fixed costs though, so that incentivizes them to mine at a (small) loss, if they believe it\'s temporary. Let\'s say btc market price is at $25k and it costs them $30k right now to mine 1btc, and $10k is fixed costs (staff, rent etc), and $20k is energy. They can either take the 1btc for $30k or they can turn off the miner and spend the $20k buying btc on the open market. However they can only buy 0.8 btc. They are better off mining. So this is a smoothing factor on hash rate - miners will push hash rate higher than break-even if they think price is going up. But it doesn\'t CAUSE the price to go up.\n\nNote - Hash rate and cost to mine are not equal - cost per hash varies due to local energy prices and efficiency of hardware used.', '143ymox'], ['u/xtal_00', 10, '2023-06-08 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jnf0zne/', 'It’s a myth there is a shortage of cheap electricity.\n\nThere is a shortage of cheap electricity next to demand.\n\nBitcoin fixes this.', '143ymox'], ['u/NLNico', 17, '2023-06-08 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jnfol5d/', 'Just in: [Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Source](https://www.coindesk.com/business/2023/06/08/crypto-custody-firm-bitgo-reaches-preliminary-agreement-to-buy-prime-trust-source/)', '143ymox'], ['u/amendment64', 11, '2023-06-08 23:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jng8vv2/', 'Hey is this sub going blackout to protest the shutting down third party apps? Where is the next best place to go for crypto news/forums? I despise reddit and would love to bail here for greener pastures elsewhere', '143ymox']]], ['u/cryptosubs', 'Holy fuck it has to be hard for a newcomer to by VET.', 13, '2023-06-08 06:40', 'https://www.reddit.com/r/Vechain/comments/143zfoo/holy_fuck_it_has_to_be_hard_for_a_newcomer_to_by/', 'I switched banks and even then it’s hard to set up another method to buy BTC. I can’t imagine how hard it would be for someone to jump through the hoops for VET.', 'https://www.reddit.com/r/Vechain/comments/143zfoo/holy_fuck_it_has_to_be_hard_for_a_newcomer_to_by/', '143zfoo', [['u/william360120', 10, '2023-06-08 13:33', 'https://www.reddit.com/r/Vechain/comments/143zfoo/holy_fuck_it_has_to_be_hard_for_a_newcomer_to_by/jndqk2y/', 'It can people are over exaggerating. The US still can buy VET on Crypto.com, Binance US and KuCoin', '143zfoo']]], ['u/rBitcoinMod', 'Daily Discussion, June 08, 2023', 52, '2023-06-08 08:03', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/143506v/daily_discussion_june_07_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/', '1440zia', [['u/Crafty_Supermarket15', 14, '2023-06-08 09:53', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jnd91v5/', 'Just a gut feeling, but I’d be moving my corn off exchanges if I was any of you folks in the peanut gallery who leave it on binance and coinbase. Risk of closing up shop is higher than normal right now and you might be left without access to your bag. \n\nFood for thought.', '1440zia'], ['u/Romsel87', 10, '2023-06-08 10:11', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jndadb0/', "Yes, now is an okay time to buy more Bitcoin. It's a bearmarket, what else could you be waiting for? DCA and chill. My average is 28K after three years accumulating. So you'll do better than me at current prices.", '1440zia'], ['u/Llonga', 10, '2023-06-08 11:13', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jndethj/', 'The halving isn’t until April next year, and then usually takes another 9 months for a big leg up. Right now we’re crabbing. Stack accordingly.', '1440zia'], ['u/Alfador8', 13, '2023-06-08 14:39', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jndxt0w/', "The price of bitcoin has nothing to do with the SEC vs shitcoin casino war going on right now. In fact, the scams Coinbase and Binance peddle are actively harmful to the public's perception of Bitcoin, and thus the mass adoption you're promoting above.\n\nI'm not pro-SEC but I am anti-scam and anti-fraud, so I don't particularly mind the idea of shitcoin projects being exposed as centralized by having their nodes forcibly unplugged at AWS or having their foundations shut down. And Coinbase and Binance can go fuck themselves for actively pushing scams for their own profits.", '1440zia'], ['u/spid3rfly', 12, '2023-06-08 15:06', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jne16do/', '1 bitcoin = 1 bitcoin', '1440zia'], ['u/avance70', 10, '2023-06-08 15:18', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jne2qsw/', 'hmm, at halving: $45K\n\n6 months after: $90K\n\n12 months after: $130K', '1440zia']]], ['u/ggfien', 'Just mined 1,000,000 SATs with my two S9’s. Should I…', 26, '2023-06-08 09:25', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/', 'Should I solo mine or just keep stacking? I’m a college student and I live in a rent house with two other guys and our utilities are covered by the landlord.\n\nSo far, in the 8 months I’ve been here, I’ve mined 1,000,000 free SATs.\n\nI got like 2 months left on my lease and then the landlord is renting out to a family so I can’t renew.\n\nShould I just solo mine for fun before I sell off the 2 miners for more Bitcoin? 😅\n\nOr, take the extra 250,000 SATs I’m gonna get and keep stacking.\n\n(Btw, I’m the guy who posted the “Why Bitcoin mining is good for the environment paper” lol)', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/', '1442e7l', [['u/ggfien', 11, '2023-06-08 09:55', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jnd97tl/', 'I think I’ll treat myself and buy some more SATs ☺️', '1442e7l'], ['u/nosimsol', 30, '2023-06-08 11:06', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jnde9t6/', 'This reads like a gpt response', '1442e7l'], ['u/RDMvb6', 14, '2023-06-08 14:10', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jndugyo/', 'So you’re saying there’s a chance!\n/s', '1442e7l'], ['u/3rdPlaceTrophy', 12, '2023-06-08 16:05', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jne9drf/', "Stack sats. Chances are you'll get nothing in the last two months if you solo mine.", '1442e7l']]], ['u/Iron_Monkey', 'Taiko x Loopring [L2 x L3] explained (and why we are still WAGMI)', 346, '2023-06-08 10:20', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/', "A semi-simplified explanation of the [recent news](https://medium.loopring.io/loopring-taiko-ready-layer-3-d9657327f908):\n\n[Taiko](https://taiko.xyz/) is a [type-1](https://vitalik.ca/general/2022/08/04/zkevm.html) (equivalent/fully compatible with Layer 1 Ethereum) zero-knowledge Ethereum Virtual Machine (zkEVM) using [zkRollups](https://ethereum.org/en/developers/docs/scaling/zk-rollups/) to scale L1 with trustless verification on Layer 2.\n\n[Loopring](https://loopring.io/#/) was the first true L2 and also uses zkRollups, but requires a decentralised Application (dApp) to be specifically built for its protocol. Meanwhile, Taiko zkEVM can be integrated to work with any dApp already existing on L1 just by changing a URL in one line of code \\- unlocking 1/100th+ cheaper gas fees, instant transactions, and inherited Ethereum L1 security by bundling via zkRollups.\n\nUpon release, a switch to zkEVMs should be unanimous for current Ethereum dApps, as having various L2 solutions is a key aspect for scaling in the [grand-scale Ethereum roadmap](https://ethereum.org/en/roadmap/scaling/).\n\nLeading dApps that don't switch risk losing users/creators to the competition that will because increased L1 usage will only continue to worsen the current $5+ fees, and 10-20 minutes wait for final settlement. With zkRollups, you don't even have to risk fund custody problems that come with sidechains trying to solve this scalability issue... so why wouldn't you?\n\nTaiko is a [general-use](https://youtu.be/3AWYS04vwRc?t=1293) neutral entity separated from Loopring and GameStop branding (despite [Daniel Wang](https://cn.linkedin.com/in/dong77) and [Matt Finestone](https://ca.linkedin.com/in/matthew-finestone-7bb8ba51?trk=public_profile_browsemap) being Co-Founders). Type-1 zkEVMs are the hardest to develop, but also the most simple for converting L1 dApps. The success potential from having first-move advantage on something of this magnitude should directly benefit the integrated and highly optimised Loopring protocol, which acts as an extra amplifier running on top of Taiko L2 as L3:\n\n* Taiko (L2/zkEVM) retrieves the current state of Ethereum (L1) instantly due to being equivalent (type-1) and uses zkRollups to validate and bundle transactions made within the 'trustless middleman' Taiko service, in advance to them actually being fully settled later on the 'main' Ethereum L1 blockchain.\n * Before this happens, dApps built on the 'trustless middleman' Loopring (L3) protocol can independently use zkRollups to validate bundling thousands+ of concurrent transactions from the Loopring protocol into one block, and then pass it onto Taiko (L2) to validate and bundle it as a '*single transaction' alongside other concurrent Taiko transactions* into one block (intended for final settlement on Ethereum L1).\n * Alternatively, dApps running on Taiko L2 but not further optimised on Loopring L3 would cause single transactions to consume way more space within each Taiko block.\n * Rollups unclog the Ethereum network, making it cheaper and faster as everyone switches to L2 for commercial use; imagine if the only form of transport went from cars to buses, but with L3, a skyscraper bullet train transfer service happens prior to the bus - which compresses all of the arriving passengers into a single bus seat, and the bus is actually another skyscraper bullet train.\n * Increased Loopring protocol usage by dApps -> APR returns for staked LRC go up / more transactions to bundle = cheaper + faster protocol -> more user incentive to stay within the Loopring protocol (internally existing DEX + dApps + L3 compatibility with prominent general Taiko zkEVM) -> performance gained from increased adoption attracts more users -> returns for staked LRC go up / more transactions to bundle \\[...\\] and so on\n * The LRC token grants DAO privileges, and will provide higher APR on LRC staking when we see start seeing Loopring dApps with high frequent volume. Paired with the cost of operating an exchange on the protocol being 250k+ LRC (and any future utility implementation), we should expect a rise in the token's value likely after zkRollups benefits are realised across Ethereum via zkEVMs like Taiko (Q1 2024) - when new Loopring L3 dApps inevitably follow.\n\nThis feedback loop of the more adoption, the better the service, is like an inverse death spiral. Eventually the transaction fees are essentially free, with instant settlement, and no security compromise (apart from the centralised relayers for Loopring L3, which I'd imagine will become more distributed to prevent targeted DDoS attacks - and regardless, would only prevent further transactions from being made via L3 because only trustless verification happens off-chain and settlement is always on Ethereum L1).\n\nCompression of transactions from dApps moving to L2/L3 creates a mutually beneficial relationship with L1 due to a decreased amount of settlement requests in the queue for L1 verification - reducing load on the max 30 transaction/sec limit - making it even cheaper for L2 + L3 to settle on L1.\n\nOther L2/L3s like ['Immutable X' and 'Polygon' NFT gaming zkEVMs](https://www.immutable.com/blog/immutable-and-polygon) will also enjoy better performance = more appeal for potential new users and creators, while holding a monopoly on NFT gaming market share % with this partnership.\n\nWhere will items from these games likely be traded?\n\nThe existing GameStop (*x Loopring & Immutable X*) NFT Marketplace!\n\n...further improving the Loopring protocol - you get it?\n\nThe increased number of users as a result of this upgraded system also attracts more validators, creating a more populated and decentralised L1 more resilient to potential attacks: reducing impact that hypothetical L2/L3 downtime would have on access to the underlying system - and rather only the cheaper fees + speed they provide.\n\n[The entire Ethereum ecosystem benefits as one from these advancements; efficient bridges everywhere](https://preview.redd.it/8b17t6blju4b1.png?width=1273&format=png&auto=webp&v=enabled&s=5e3f0c8e96ad68fdb3f21f30e3bb754f58e1b6b1)\n\nEndless hype from Byron (late 2021) did lead to some holders expecting immediate results with some sort of nuclear triple AAA partnership announcement - but the proof is in the pudding. The functionality we now have within the Loopring protocol: non-custodial counterfactual wallet(s), GameStop Marketplace, NFT minting, staking, on/off-ramp, dual investment, DEX with CEX liquidity (!!!) etc. is looking like a Michelin 3-star banana pudding.\n\nTaiko zkEVM mainnet release + [proto-danksharding](https://ethereum.org/en/roadmap/danksharding/) on L1 within the next \\~6 months is going to make Ethereum a very efficient backend for a variety of systems, with Loopring primed to become the most optimised transaction service for the 2nd biggest blockchain.\n\nThe moon spiral catalyst moment that comes with true mass adoption is soon.\n\nBanks: Entrust strangers to hold your fiat in a black-box system, who force you to wait several days to complete transfers etc. (+ any bank holidays/weekend delays), and use Visa/MasterCard for purchases which incurs another 1.5%+ in fees for merchants.\n\nLoopring: Personally hold stablecoins/ETH/wBTC in your non-custodial wallet in a trustless white-box service, 24/7 ability to send assets instantly and for free to anyone else using Ethereum (or small fee to quickly exchange to nearly any other blockchain), still partake in TradFi [via non-custodial cryptocards w/ vIBAN](https://www.reddit.com/r/loopringorg/comments/11w5zq5/goodbye_eidoocard_welcome_holyheld/) \\- and your wallet is a passport/inventory for interacting with the growing Web3 space.\n\n🤔\n\n[💜🏴\u200d☠️💙](https://preview.redd.it/uait7qgehu4b1.png?width=1400&format=png&auto=webp&v=enabled&s=d0cc95fb16c5cd33784626a8a48544be9b8188fa)", 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/', '1443aop', [['u/Alskiessss', 25, '2023-06-08 10:45', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jndcr7g/', 'I still so pumped for Taiko x Loopring!', '1443aop'], ['u/SlowFrack', 22, '2023-06-08 11:14', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jndeutv/', 'Thanks for this!', '1443aop'], ['u/LWKD', 28, '2023-06-08 13:09', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jndo6wf/', 'This sums it all up. \n\nWe probably will see fees of 0.003 to 0.0003 LRC per transaction. How awesome would that be? We will be competition to all newer L1s, but with the security of Ethereum. Which is the best after BTC.', '1443aop'], ['u/Iron_Monkey', 10, '2023-06-08 17:00', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jnehpm3/', "A majority of it is based on what I have read from various blockchain whitepapers, and looking into new/archived company journal articles/old video presentations, official social media etc. nearly daily over 20+ months trying to understand the bigger picture of how Ethereum functions, and mainly how Layer 2 + 3 and zkEVMs fit into scaling it for sustainable and impressive commercial use capabilities.\n\nA few parts are also partially my foreshadowing of what I think will likely happen with mass adoption once the waves of various zkEVMs begin. I could obviously be wrong and another zkEVM project pops of nowhere with an L4, snubbing the spotlight from Taiko and slightly derailing this while still benefiting Ethereum as a whole, but I don't see it happening.\n\nIf there is anything you need me to source additionally specifically in terms of how I've explained something works, let me know because I'm definitely not 100% fluent in the vast world of Ethereum/blockchain yet, but I do feel like I have a pretty good understanding.", '1443aop']]], ['u/Background_Time3542', 'I was looking for a kettle and saw this lol', 1836, '2023-06-08 12:31', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/', 'Should i buy it?\nI could boil water and simultaneously do some Bitcoin mining 😂 Only for 120 €', 'https://i.redd.it/j9gc2mllur4b1.jpg', '1445jvr', [['u/TehNolz', 191, '2023-06-08 12:42', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jndlr9r/', "That's just the heating element. It mines bitcoin and uses the heat to boil the water.", '1445jvr'], ['u/vPewPew', 40, '2023-06-08 13:49', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnds6yo/', 'Must be german engineering.', '1445jvr'], ['u/HOVER_HATER', 11, '2023-06-08 14:01', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jndtj62/', 'Probably uses a gpu chip to heat up the water', '1445jvr'], ['u/cabyll_ushtey', 33, '2023-06-08 14:14', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnduxzc/', 'That explains why SMEG products are so stupidly expensive!', '1445jvr'], ['u/Wrasal', 11, '2023-06-08 14:37', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jndxns7/', 'Did you really need to explain that…', '1445jvr'], ['u/Redituser117', 12, '2023-06-08 15:24', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jne3koc/', 'So you are telling me that thing can run crysis?', '1445jvr'], ['u/FedeTH1', 18, '2023-06-08 15:33', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jne4qdj/', 'Gaming Kettle', '1445jvr'], ['u/Dry-Sympathy-3737', 42, '2023-06-08 16:22', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnebwt3/', "Then why isn't it 4090? It heats the fastest 🤣", '1445jvr'], ['u/kaihatsusha', 14, '2023-06-08 16:45', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jneferq/', "As a Red Dwarf fan, I think it's perfect.", '1445jvr'], ['u/ShiverSlut', 17, '2023-06-08 17:08', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jneiy7f/', 'The 4090 was probably not realeased yet. Sadly we are going to get our tea made a second or 2 slower', '1445jvr'], ['u/OneDiscombobulated77', 15, '2023-06-08 17:30', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnemaz4/', 'According to an old man who can firebend. Best tea is made with time', '1445jvr']]], ['u/Knotley-Hunt-Brick', 'Who are in jail and who are not , fun 2023 crypto update !', 139, '2023-06-08 15:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/', "\n\nThe most crooked, reckless, stupid people who caused the downfall of many many people involving crypto aren't in jail but the ones who actually tried to make a difference or tried to provide an easy access got jailed or being sued at this moment. \n\nRegulators always talk about how compliance matters , how regulations are going to protect investors but in reality , playing nice won't benefit you unless you are fit into their agenda. \n\n- Sam Bankman Fried is still NOT IN JAIL even after 8 MONTHS of FTX collapse. \n\n- Do kwon still isn't in JAIL even after 14 Months of LUNA collapse. \n\n- Alex Machinsky still isn't in Jail . \n\n- But Tornado founder Alex Pertsev was jailed for 9 Months without even the actual trial begins and now he is waiting for the trial process to begins while the absolute scam like SBF sitting at home, playing low tier LEAGUE OF LEGENDS matchup. \n\n- And now Coinbase and Binance are being sued the hell out even with their attempts to make sense of what regulatory framework and how they could be compliance with them. \n\nCrypto doesn't have any agenda, it does what it say it does in whitepaper and you can't just flip that with your suing, jailing and intimidation tactics. \n\nI'll have a good laugh whenever some officials say compliance and regulations matters again and dip more into buying bitcoin. \n\nCheers !", 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/', '1449ois', [['u/Florian995', 60, '2023-06-08 15:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/jne6zke/', 'What can we learn? If the scam is big enough and you stole enough money you will probably be able to pay your way out of jail', '1449ois'], ['u/mesutdmn', 19, '2023-06-08 16:04', 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/jne961d/', 'Unfortunately, money still talks louder than laws.', '1449ois']]], ['u/Alt420blazer69', 'What happens if the big cex’s (Coinbase etc.) close down / move from the US?', 96, '2023-06-08 16:11', 'https://www.reddit.com/r/CryptoCurrency/comments/144adab/what_happens_if_the_big_cexs_coinbase_etc_close/', 'I am from the US and have some Eth and BTC on exchange right now and I’m wondering what would happen if these cex’s move to Europe? Would that mean that I couldn’t cash out via exchanges anymore or would them moving just mean no more purchasing / trading via them? Just genuinely curious as I don’t want to sell any of my crypto for at least another year or two, so I’m wondering what the impact would be on US hol... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin holds firm at $26.5K as investors remain largely unstirred by SEC lawsuits and look toward the Federal Reserve\'s monetary policy decision next week.\nInsights:The Fed may halt its hawkishness at its next FOMC meeting, but not after, said Valkyrie Chief Investment Officer Steven McClurg.\nCoinDesk Market Index (CMI)\n1,149\n+2.0▲0.2%\nBitcoin (BTC)\n$26,469\n+89.8▲0.3%\nEthereum (ETH)\n$1,845\n+9.7▲0.5%\nS&P 500\n4,293.93\n+26.4▲0.6%\nGold\n$1,980\n+37.1▲1.9%\nNikkei 225\n31,641.27\n−272.5▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,149", "+2.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,469", "+89.8\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+9.7\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,293.93", "+26.4\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+37.1\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,641.27", "\\u2212272.5\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Bitcoin\nBitcoin soldiered on for yet another day, unmoved from this week’s Securities and Exchange (SEC) lawsuits against exchange giants Binance and Coinbase and ongoing concerns about inflation and central bank hawkishness.\nThe largest cryptocurrency by market capitalization was recently trading at $26,474, roughly flat over the past 24 hours and about where it’s stood since Tuesday when the SEC filed its suit against Coinbase and asked a court to grant a temporary restraining orderto freeze assetstied toBinance.US. The agency sued Binance, the world’s largest exchange by trading volume, on Monday, raising concerns that the latest regulatory crackdown would send markets plunging. BTC took an initial dive below $26,000 on Tuesday but has since held steady above the threshold with analysts suggesting that investorshad already priced inthe actions.\n“It’s hard to imagine a tougher regulatory situation facing the digital asset industry in the United States than what’s happening right now,” Andrew Lawrence, co-founder and CEO of onchain custody platform Censo, wrote in an email to CoinDesk. “ It can feel pretty bleak, and yet there’s been a tremendous resilience shown by Bitcoin and other key crypto assets. We saw a pullback that was far less pronounced than what happened during last year’s daisy chain of collapses.”\nRead More:Can Binance Survive the SEC\'s Charges?\nLawrence attributed cryptos’ resilience at least partly to the growing embrace of digital assets outside the U.S. He highlighted the growing trade volumes in Asia as Hong Kong has facilitated retail trading and wider access to the industry, and new more crypto-friendly regulatory frameworks in the European Union and Dubai.\n“Digital assets are truly global,” Lawrence noted, adding that “longer term, this industry is poised to continue its exponential growth. I just worry that the bulk of this growth will occur outside of the United States – that is, if there are no developments in terms of the positive proposed legislation that is currently working its way through Congress.”\nEther was recently changing hands at $1,852, about where it perched on Wednesday, same time. The second largest crypto in market value held tight in “uptrend” territory of theCoinDesk Indices Ether Trend Indicator(ETI), a bullish sign even as bitcoin has languished in a “downtrend” position.Tokens mentioned in the separate lawsuits rebounded slightly with BNB, the token of the Binance exchange, recently up 0.5% and ADA, SOL and MATIC, the tokens of the Cardano, Solana and Polygon smart contracts protocols, either flat or up slightly. Popular meme coins DOGE and SHIB were also in the green.\nMajor stock indexes closed on the upside with the S&P 500 rising 0.6% to end its longest bear market in 85 years amid a surge in technology stocks. Bear markets end when an index rises from a previous market low. The technology-heavy Nasdaq Composition was up a percentage point. Treasury yields, which tend to travel inversely from crypto markets, sank. Jobless claims arrived higher than expected on Monday to buoy hopes that the U.S. central bank would suspend its year-long diet of interest rate hikes at its Federal Open Market Committee (FOMC) meeting next week. Investors will be eyeing the next Consumer Price Index (CPI) for the latest indication that inflation is waning.\nMeanwhile, in an email to CoinDesk, Sacha Ghebali, director of strategy at crypto information provider The Tie, wrote of “clear dislocations in the (crypto) market, resulting in rapid outflows of capital” from Binance. On Wednesday, the BTC-U.S. dollar trading pair onBinance.USjumpedas high as $28,800 – likely the result of “large investors and active traders stopping their trading activity and pulling assets off the exchange as a result of risk-mitigation actions,” Ghebali wrote.\nBut he noted bitcoin’s price strength and the outperformance of DeFi tokens relative to centralized exchange ones. “This could be a result of users preferring decentralized exchanges over their centralized counterparts in light of the regulatory risks facing the latter,” he wrote.\nHe added: “The Ethereum ecosystem has also held up relatively well when compared to other ecosystems. The DeFi market capitalization, in general, is down roughly five percent since the beginning of the month, whereas the DeFi market capitalization on the Ethereum ecosystem specifically is down less than two percent.”\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.1%", "DACS Sector": "Computing"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nA Halt to Rate Hikes but Not for Long\nWill the U.S. central bank boost interest rates again next week? What will a decision to the affirmative or negative mean for crypto?\nSteven McClurg, the chief investment officer for alternative asset management company Valkyrie believes the Federal Reserve will suspend its nearly year-long diet of rate hikes, given what he sees as an ongoing banking crisis. That may weigh favorably for digital assets, but in an interview on CoinDesk TV\'s "First Mover" program, McClurg agreed with other analysts who believe the cessation will be temporary amid continued price pressure and other macroeconomic uncertainties.\nOver the past year, Interest rate increases have tended to unsettle investors and send crypto prices downward.\n"It\'s very prudent that the Fed has decided to stop raising rates at the moment, primarily because we do have a banking crisis on our hands right now, and we also have a dollar competence crisis," McClurg said.\nAccording to theCME Fedwatch tool, the probability that interest rates will remain at the current target rate of 5%-5.25% is 72.5%. That\'s ticked down over the past month when a flurry of data suggested that inflation would continue waning, but more mixed signals in recent weeks seem to have discouraged interest rate traders who participate in the ongoing survey.\nStill, threats to the banking system have loomed large since a series of U.S. bank failures, that central bank critics have tied to its overzealousness. McClurg noted that banking deposits totaling hundreds of billions of dollars "left the U.S. this year," and that Switzerland, which suffered its own banking crisis in March, resulting in the sale of Credit Suisse to rival UBS, had also seen a significant outflow "to places like Singapore, Dubai, other jurisdictions where they feel like your money is a little safer."\n"With continued interest rate hikes, the Fed would put many other banks in danger. So that\'s why we\'re on pause."\nMcClurg called any continued decline in CPI a "reversion to the mean scenario with inflation," where 4% plus is still very high. We\'re not seeing the 12% to 18% clips, but we\'re going to see that again."\nHe added that he would be closely watching oil prices, which have retreated over the past year from near record highs. "I believe oil will probably double in price this year, which will drive the rest of inflation," McClurg said. "That will force the Fed to continue to raise rates to try to stave off inflation to the last half of the year.\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/May)\n4:00 p.m. HKT/SGT(8:00 UTC)European Central Bank\'s De Guindos Speech\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Net Change in Employment (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an \'Informal Advisor\'\nMajor cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacted. Meantime, a letter from Binance’s counsel said that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighed in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explained what Apple\'s new mixed-reality headset means for Web3.\nCrypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust, Sources:The financial terms of the deal were not disclosed by the source.\nOptimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token:Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism\'s “Bedrock” upgrade this week.\nEthereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade:Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.\nAave-Developed Lens Protocol Raises $15M to Expand \'Social Layer\' of Web3:Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.\nBanks Have Come to the Metaverse:Several big-name financial institutions have set up shop in virtual worlds, making inroads to a whole new generation of clients.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds firm at $26.5K as investors remain largely unstirred by SEC lawsuits and look toward the Federal Reserve\'s monetary policy decision next week.\nInsights:The Fed may halt its hawkishness at its next FOMC meeting, but not after, said Valkyrie Chief Investment Officer Steven McClurg.\nCoinDesk Market Index (CMI)\n1,149\n+2.0▲0.2%\nBitcoin (BTC)\n$26,469\n+89.8▲0.3%\nEthereum (ETH)\n$1,845\n+9.7▲0.5%\nS&P 500\n4,293.93\n+26.4▲0.6%\nGold\n$1,980\n+37.1▲1.9%\nNikkei 225\n31,641.27\n−272.5▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,149", "+2.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,469", "+89.8\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+9.7\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,293.93", "+26.4\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+37.1\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,641.27", "\\u2212272.5\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Bitcoin\nBitcoin soldiered on for yet another day, unmoved from this week’s Securities and Exchange (SEC) lawsuits against exchange giants Binance and Coinbase and ongoing concerns about inflation and central bank hawkishness.\nThe largest cryptocurrency by market capitalization was recently trading at $26,474, roughly flat over the past 24 hours and about where it’s stood since Tuesday when the SEC filed its suit against Coinbase and asked a court to grant a temporary restraining orderto freeze assetstied toBinance.US. The agency sued Binance, the world’s largest exchange by trading volume, on Monday, raising concerns that the latest regulatory crackdown would send markets plunging. BTC took an initial dive below $26,000 on Tuesday but has since held steady above the threshold with analysts suggesting that investorshad already priced inthe actions.\n“It’s hard to imagine a tougher regulatory situation facing the digital asset industry in the United States than what’s happening right now,” Andrew Lawrence, co-founder and CEO of onchain custody platform Censo, wrote in an email to CoinDesk. “ It can feel pretty bleak, and yet there’s been a tremendous resilience shown by Bitcoin and other key crypto assets. We saw a pullback that was far less pronounced than what happened during last year’s daisy chain of collapses.”\nRead More:Can Binance Survive the SEC\'s Charges?\nLawrence attributed cryptos’ resilience at least partly to the growing embrace of digital assets outside the U.S. He highlighted the growing trade volumes in Asia as Hong Kong has facilitated retail trading and wider access to the industry, and new more crypto-friendly regulatory frameworks in the European Union and Dubai.\n“Digital assets are truly global,” Lawrence noted, adding that “longer term, this industry is poised to continue its exponential growth. I just worry that the bulk of this growth will occur outside of the United States – that is, if there are no developments in terms of the positive proposed legislation that is currently working its way through Congress.”\nEther was recently changing hands at $1,852, about where it perched on Wednesday, same time. The second largest crypto in market value held tight in “uptrend” territory of theCoinDesk Indices Ether Trend Indicator(ETI), a bullish sign even as bitcoin has languished in a “downtrend” position.Tokens mentioned in the separate lawsuits rebounded slightly with BNB, the token of the Binance exchange, recently up 0.5% and ADA, SOL and MATIC, the tokens of the Cardano, Solana and Polygon smart contracts protocols, either flat or up slightly. Popular meme coins DOGE and SHIB were also in the green.\nMajor stock indexes closed on the upside with the S&P 500 rising 0.6% to end its longest bear market in 85 years amid a surge in technology stocks. Bear markets end when an index rises from a previous market low. The technology-heavy Nasdaq Composition was up a percentage point. Treasury yields, which tend to travel inversely from crypto markets, sank. Jobless claims arrived higher than expected on Monday to buoy hopes that the U.S. central bank would suspend its year-long diet of interest rate hikes at its Federal Open Market Committee (FOMC) meeting next week. Investors will be eyeing the next Consumer Price Index (CPI) for the latest indication that inflation is waning.\nMeanwhile, in an email to CoinDesk, Sacha Ghebali, director of strategy at crypto information provider The Tie, wrote of “clear dislocations in the (crypto) market, resulting in rapid outflows of capital” from Binance. On Wednesday, the BTC-U.S. dollar trading pair onBinance.USjumpedas high as $28,800 – likely the result of “large investors and active traders stopping their trading activity and pulling assets off the exchange as a result of risk-mitigation actions,” Ghebali wrote.\nBut he noted bitcoin’s price strength and the outperformance of DeFi tokens relative to centralized exchange ones. “This could be a result of users preferring decentralized exchanges over their centralized counterparts in light of the regulatory risks facing the latter,” he wrote.\nHe added: “The Ethereum ecosystem has also held up relatively well when compared to other ecosystems. The DeFi market capitalization, in general, is down roughly five percent since the beginning of the month, whereas the DeFi market capitalization on the Ethereum ecosystem specifically is down less than two percent.”\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.1%", "DACS Sector": "Computing"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nA Halt to Rate Hikes but Not for Long\nWill the U.S. central bank boost interest rates again next week? What will a decision to the affirmative or negative mean for crypto?\nSteven McClurg, the chief investment officer for alternative asset management company Valkyrie believes the Federal Reserve will suspend its nearly year-long diet of rate hikes, given what he sees as an ongoing banking crisis. That may weigh favorably for digital assets, but in an interview on CoinDesk TV\'s "First Mover" program, McClurg agreed with other analysts who believe the cessation will be temporary amid continued price pressure and other macroeconomic uncertainties.\nOver the past year, Interest rate increases have tended to unsettle investors and send crypto prices downward.\n"It\'s very prudent that the Fed has decided to stop raising rates at the moment, primarily because we do have a banking crisis on our hands right now, and we also have a dollar competence crisis," McClurg said.\nAccording to theCME Fedwatch tool, the probability that interest rates will remain at the current target rate of 5%-5.25% is 72.5%. That\'s ticked down over the past month when a flurry of data suggested that inflation would continue waning, but more mixed signals in recent weeks seem to have discouraged interest rate traders who participate in the ongoing survey.\nStill, threats to the banking system have loomed large since a series of U.S. bank failures, that central bank critics have tied to its overzealousness. McClurg noted that banking deposits totaling hundreds of billions of dollars "left the U.S. this year," and that Switzerland, which suffered its own banking crisis in March, resulting in the sale of Credit Suisse to rival UBS, had also seen a significant outflow "to places like Singapore, Dubai, other jurisdictions where they feel like your money is a little safer."\n"With continued interest rate hikes, the Fed would put many other banks in danger. So that\'s why we\'re on pause."\nMcClurg called any continued decline in CPI a "reversion to the mean scenario with inflation," where 4% plus is still very high. We\'re not seeing the 12% to 18% clips, but we\'re going to see that again."\nHe added that he would be closely watching oil prices, which have retreated over the past year from near record highs. "I believe oil will probably double in price this year, which will drive the rest of inflation," McClurg said. "That will force the Fed to continue to raise rates to try to stave off inflation to the last half of the year.\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/May)\n4:00 p.m. HKT/SGT(8:00 UTC)European Central Bank\'s De Guindos Speech\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Net Change in Employment (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an \'Informal Advisor\'\nMajor cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacted. Meantime, a letter from Binance’s counsel said that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighed in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explained what Apple\'s new mixed-reality headset means for Web3.\nCrypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust, Sources:The financial terms of the deal were not disclosed by the source.\nOptimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token:Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism\'s “Bedrock” upgrade this week.\nEthereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade:Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.\nAave-Developed Lens Protocol Raises $15M to Expand \'Social Layer\' of Web3:Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.\nBanks Have Come to the Metaverse:Several big-name financial institutions have set up shop in virtual worlds, making inroads to a whole new generation of clients.', 'Good morning. Here’s what’s happening: Prices: Bitcoin holds firm at $26.5K as investors remain largely unstirred by SEC lawsuits and look toward the Federal Reserve\'s monetary policy decision next week. Insights: The Fed may halt its hawkishness at its next FOMC meeting, but not after, said Valkyrie Chief Investment Officer Steven McClurg. Prices CoinDesk Market Index (CMI) 1,149 +2.0 ▲ 0.2% Bitcoin (BTC) $26,469 +89.8 ▲ 0.3% Ethereum (ETH) $1,845 +9.7 ▲ 0.5% S&P 500 4,293.93 +26.4 ▲ 0.6% Gold $1,980 +37.1 ▲ 1.9% Nikkei 225 31,641.27 −272.5 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,149 +2.0 ▲ 0.2% Bitcoin (BTC) $26,469 +89.8 ▲ 0.3% Ethereum (ETH) $1,845 +9.7 ▲ 0.5% S&P 500 4,293.93 +26.4 ▲ 0.6% Gold $1,980 +37.1 ▲ 1.9% Nikkei 225 31,641.27 −272.5 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Resilient Bitcoin Bitcoin soldiered on for yet another day, unmoved from this week’s Securities and Exchange (SEC) lawsuits against exchange giants Binance and Coinbase and ongoing concerns about inflation and central bank hawkishness. The largest cryptocurrency by market capitalization was recently trading at $26,474, roughly flat over the past 24 hours and about where it’s stood since Tuesday when the SEC filed its suit against Coinbase and asked a court to grant a temporary restraining order to freeze assets tied to Binance.US . The agency sued Binance, the world’s largest exchange by trading volume, on Monday, raising concerns that the latest regulatory crackdown would send markets plunging. BTC took an initial dive below $26,000 on Tuesday but has since held steady above the threshold with analysts suggesting that investors had already priced in the actions. “It’s hard to imagine a tougher regulatory situation facing the digital asset industry in the United States than what’s happening right now,” Andrew Lawrence, co-founder and CEO of onchain custody platform Censo, wrote in an email to CoinDesk. “ It can feel pretty bleak, and yet there’s been a tremendous resilience shown by Bitcoin and other key crypto assets. We saw a pullback that was far less pronounced than what happened during last year’s daisy chain of collapses.” Story continues Read More: Can Binance Survive the SEC\'s Charges? Lawrence attributed cryptos’ resilience at least partly to the growing embrace of digital assets outside the U.S. He highlighted the growing trade volumes in Asia as Hong Kong has facilitated retail trading and wider access to the industry, and new more crypto-friendly regulatory frameworks in the European Union and Dubai. “Digital assets are truly global,” Lawrence noted, adding that “longer term, this industry is poised to continue its exponential growth. I just worry that the bulk of this growth will occur outside of the United States – that is, if there are no developments in terms of the positive proposed legislation that is currently working its way through Congress.” Ether was recently changing hands at $1,852, about where it perched on Wednesday, same time. The second largest crypto in market value held tight in “uptrend” territory of the CoinDesk Indices Ether Trend Indicator (ETI), a bullish sign even as bitcoin has languished in a “downtrend” position.Tokens mentioned in the separate lawsuits rebounded slightly with BNB, the token of the Binance exchange, recently up 0.5% and ADA, SOL and MATIC, the tokens of the Cardano, Solana and Polygon smart contracts protocols, either flat or up slightly. Popular meme coins DOGE and SHIB were also in the green. Major stock indexes closed on the upside with the S&P 500 rising 0.6% to end its longest bear market in 85 years amid a surge in technology stocks. Bear markets end when an index rises from a previous market low. The technology-heavy Nasdaq Composition was up a percentage point. Treasury yields, which tend to travel inversely from crypto markets, sank. Jobless claims arrived higher than expected on Monday to buoy hopes that the U.S. central bank would suspend its year-long diet of interest rate hikes at its Federal Open Market Committee (FOMC) meeting next week. Investors will be eyeing the next Consumer Price Index (CPI) for the latest indication that inflation is waning. Meanwhile, in an email to CoinDesk, Sacha Ghebali, director of strategy at crypto information provider The Tie, wrote of “clear dislocations in the (crypto) market, resulting in rapid outflows of capital” from Binance. On Wednesday, the BTC-U.S. dollar trading pair on Binance.US jumped as high as $28,800 – likely the result of “large investors and active traders stopping their trading activity and pulling assets off the exchange as a result of risk-mitigation actions,” Ghebali wrote. But he noted bitcoin’s price strength and the outperformance of DeFi tokens relative to centralized exchange ones. “This could be a result of users preferring decentralized exchanges over their centralized counterparts in light of the regulatory risks facing the latter,” he wrote. He added: “The Ethereum ecosystem has also held up relatively well when compared to other ecosystems. The DeFi market capitalization, in general, is down roughly five percent since the beginning of the month, whereas the DeFi market capitalization on the Ethereum ecosystem specifically is down less than two percent.” Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +2.1% Smart Contract Platform Terra LUNA +1.2% Smart Contract Platform Chainlink LINK +1.1% Computing Biggest Losers Asset Ticker Returns DACS Sector Avalanche AVAX −1.0% Smart Contract Platform Stellar XLM −0.6% Smart Contract Platform Polkadot DOT −0.5% Smart Contract Platform Insights A Halt to Rate Hikes but Not for Long Will the U.S. central bank boost interest rates again next week? What will a decision to the affirmative or negative mean for crypto? Steven McClurg, the chief investment officer for alternative asset management company Valkyrie believes the Federal Reserve will suspend its nearly year-long diet of rate hikes, given what he sees as an ongoing banking crisis. That may weigh favorably for digital assets, but in an interview on CoinDesk TV\'s "First Mover" program, McClurg agreed with other analysts who believe the cessation will be temporary amid continued price pressure and other macroeconomic uncertainties. Over the past year, Interest rate increases have tended to unsettle investors and send crypto prices downward. "It\'s very prudent that the Fed has decided to stop raising rates at the moment, primarily because we do have a banking crisis on our hands right now, and we also have a dollar competence crisis," McClurg said. According to the CME Fedwatch tool , the probability that interest rates will remain at the current target rate of 5%-5.25% is 72.5%. That\'s ticked down over the past month when a flurry of data suggested that inflation would continue waning, but more mixed signals in recent weeks seem to have discouraged interest rate traders who participate in the ongoing survey. Still, threats to the banking system have loomed large since a series of U.S. bank failures, that central bank critics have tied to its overzealousness. McClurg noted that banking deposits totaling hundreds of billions of dollars "left the U.S. this year," and that Switzerland, which suffered its own banking crisis in March, resulting in the sale of Credit Suisse to rival UBS, had also seen a significant outflow "to places like Singapore, Dubai, other jurisdictions where they feel like your money is a little safer." "With continued interest rate hikes, the Fed would put many other banks in danger. So that\'s why we\'re on pause." McClurg called any continued decline in CPI a "reversion to the mean scenario with inflation," where 4% plus is still very high. We\'re not seeing the 12% to 18% clips, but we\'re going to see that again." He added that he would be closely watching oil prices, which have retreated over the past year from near record highs. "I believe oil will probably double in price this year, which will drive the rest of inflation," McClurg said. "That will force the Fed to continue to raise rates to try to stave off inflation to the last half of the year. Important events. 9:30 a.m. HKT/SGT(1:30 UTC) China Consumer Price Index (YoY/May) 4:00 p.m. HKT/SGT(8:00 UTC) European Central Bank\'s De Guindos Speech 8:30 p.m. HKT/SGT(12:30 UTC) Canada Net Change in Employment (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an \'Informal Advisor\' Major cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacted. Meantime, a letter from Binance’s counsel said that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighed in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explained what Apple\'s new mixed-reality headset means for Web3. Headlines Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust, Sources : The financial terms of the deal were not disclosed by the source. Optimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token : Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism\'s “Bedrock” upgrade this week. Ethereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade : Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine. Aave-Developed Lens Protocol Raises $15M to Expand \'Social Layer\' of Web3 : Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors. Banks Have Come to the Metaverse : Several big-name financial institutions have set up shop in virtual worlds, making inroads to a whole new generation of clients.', 'Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-stablecoin cryptocurrencies gained, with Polygon\x92s Matic token leading the winners. Top 10 gain ground Bitcoin strengthened 1.06% over the last 24 hours to US$26,551 at 7:00 a.m. in Hong Kong, making up some losses from earlier this week after the Securities and Exchange Commission (SEC) filed lawsuits against two of the world\x92s biggest exchanges, alleging dozens of of crypto tokens have been illegally offered and traded as unregistered securities. The world\x92s largest crypto by market capitalization is now down 1.26% for the past seven days after sharper declines earlier in the week, according to data from CoinMarketCap. Ether climbed 1.1% to US$1,849, and logged a 0.98% weekly decline. Polygon\x92s MATIC was the biggest gainer among the top 10, with a 2.69% rise, but it has\xa0lost 12.02% in value for the past week. Binance\x92s BNB added 2.01% in the past 24 hours, the second-largest rise among the top 10, but is a big loser for the week, down 13.9%. The total cryptocurrency market cap edged up 0.35% to US$1.1 trillion in the 24 hours through to 8:30 a.m. in Hong Kong, while daily trading volume dropped 35.3% to US$25.9 billion, according to CoinMarketCap data . In a new court filing on Wednesday, the SEC said transactions involving several billions of dollars of customer funds moved through now-defunct Silvergate Bank and Signature Bank under accounts allegedly controlled by Binance officials, including chief executive Changpeng Zhao. Sachin Verma, an accountant employed by the SEC, said in the filing that some of the funds were moved to accounts suspected to belong to offshore firms linked to Zhao and Binance, in various regions including the Seychelles, Lithuania and Kazakhstan. Story continues Zhao tweeted on Thursday that this is \x93simply false\x94 in response to a CoinDesk article that said US$12 billion of funds was sent to Zhao, citing the Wednesday filing. \x93To the best of my knowledge, Binance.US had in total roughly US$2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news,\x94 Zhao tweeted. \x93All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.\x94 Gordon Grant, co-head of trading at crypto brokerage Genesis Trading, said that this week\x92s sweeping regulatory pronouncements \x93saw crypto realized volatility begin to rear its head.\x94 \x93After seeming months of coiling in an ornery, reptilian rip-rap price action, the successive Monday and Tuesday swoon-soar tandem on the back of Binance and Coinbase headlines preempted consternation, head scratching and, if nothing else, a recognition that the asset class remains habitually prone to lurid gaps in price action,\x94 Grant said. In an email, Le Shi, head of trading at Auros, a crypto market-making and algorithmic trading firm, said cryptocurrency trading volumes continue to \x93plumb the depths\x94 last seen in the middle of the last crypto bear market. CoinShares, a European crypto investment firm, said in a Thursday report shared with Forkast that while the SEC lawsuits seem to carry more severe implications for Binance, the potential impact on Coinbase and the broader crypto industry is significant. \x93The charges insinuate that a majority of crypto assets should be categorized as securities, which would radically modify the regulatory landscape, potentially confining access to regulated Wall Street entities (assuming that they have the appetite once the litigation is over),\x94 CoinShares wrote. CoinShares added that the shift could potentially place the control of the crypto industry within the grasp of traditional financial institutions. NFT sales drop The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 1.07% to 3,219.65 in the 24 hours to 9:45 a.m. in Hong Kong. The index was down 4.59% for the week. NFT sales on Ethereum fell 14.4% over the last 24 hours to US$13.72 million, and sales on the Bitcoin network dropped 9.34% to US$3.53 million, according to CryptoSlam data . \x93[It\x92s a] hard market to analyze right now,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Friday. \x93On one hand I believe we\x92ll see capitulation to the negative news, especially once the SEC files lawsuits against (NFT) projects, but at the same time, we are seeing bullish news from projects, art, among others, on an almost daily basis,\x94 Petscher added. \x93I don\x92t think the SEC\x92s lawsuits have played a factor yet. They should soon.\x94 Uncategorized Ordinals \x96 recently popular Bitcoin Ordinals that are not part of an established collection \x96 saw the largest sales in the past 24 hours with a 74.13% rise to US$1.54 million. The Captainz , an Ethereum-based collection, recorded a 2.33% increase in sales to US$1.12 million, making it the second most sold collection in the past day, followed by Mythos chain-based DMarket\x92s US$1.11 million daily sales. In another development, crypto exchange Kraken has launched its NFT marketplace out of beta with over 250 collections. Luca Netz, the chief executive officer of intellectual property firm and NFT collection Pudgy Penguins, is set to launch a Web 3.0 licensing marketplace named Overpass as early as late June, according to a Thursday report by media firm NFT Now. Pudgy Penguins is an Ethereum-based NFT collection of 8,888 unique digital assets. It is the 19th largest collection in all-time sales, with more than US$257 million traded, according to CryptoSlam data . U.S. stock futures fall New York Stock Exchange. Image: Getty Images U.S. stock futures fell as of 10:10 a.m. in Hong Kong after the major U.S. stock indexes posted strong gains overnight. Dow Jones Industrial Average futures dropped 0.14%, and S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.1%. Overnight in the U.S., the Nasdaq Composite rose 1.02%, and the Dow Jones Industrial Average climbed 0.5%. The S&P 500 added 0.62%, hitting a new high for the year so far. In macroeconomic developments, the U.S. Labor Department reported Thursday that the country\x92s initial jobless claims totaled 261,000 for the week ended June 3. That was the highest weekly level for such claims since October 30, 2021. The jobless claims pointing to a slowing of the economy are another factor suggesting the U.S. Federal Reserve\x92s more than year-long hikes in interest rates are having an effect and may influence the Fed\x92s decision-making on rates at its meeting on June 14. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 74.8% chance the Fed will leave rates unchanged at next week\x92s meeting, and a 25.2% chance for another 25-basis-point rate hike. (Updates with equity section.)', 'Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-stablecoin cryptocurrencies gained, with Polygon’s Matic token leading the winners.\nBitcoin strengthened 1.06% over the last 24 hours to US$26,551 at 7:00 a.m. in Hong Kong, making up some losses from earlier this week after the Securities and Exchange Commission (SEC) filed lawsuits against two of the world’s biggest exchanges, alleging dozens of of crypto tokens have been illegally offered and traded as unregistered securities. The world’s largest crypto by market capitalization is now down 1.26% for the past seven days after sharper declines earlier in the week, according todatafrom CoinMarketCap.\nEther climbed 1.1% to US$1,849, and logged a 0.98% weekly decline.\nPolygon’s MATIC was the biggest gainer among the top 10, with a 2.69% rise, but it has\xa0lost 12.02% in value for the past week.\nBinance’s BNB added 2.01% in the past 24 hours, the second-largest rise among the top 10, but is a big loser for the week, down 13.9%.\nThe total cryptocurrency market cap edged up 0.35% to US$1.1 trillion in the 24 hours through to 8:30 a.m. in Hong Kong, while daily trading volume dropped 35.3% to US$25.9 billion, according to CoinMarketCapdata.\nIn a new courtfilingon Wednesday, the SECsaidtransactions involving several billions of dollars of customer funds moved through now-defunct Silvergate Bank and Signature Bank under accounts allegedly controlled by Binance officials, including chief executive Changpeng Zhao.\nSachin Verma, an accountant employed by the SEC, said in the filing that some of the funds were moved to accounts suspected to belong to offshore firms linked to Zhao and Binance, in various regions including the Seychelles, Lithuania and Kazakhstan.\nZhaotweetedon Thursday that this is “simply false” in response to a CoinDeskarticlethat said US$12 billion of funds was sent to Zhao, citing the Wednesday filing.\n“To the best of my knowledge, Binance.US had in total roughly US$2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news,” Zhao tweeted. “All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.”\nGordon Grant, co-head of trading at crypto brokerage Genesis Trading, said that this week’s sweeping regulatory pronouncements “saw crypto realized volatility begin to rear its head.”\n“After seeming months of coiling in an ornery, reptilian rip-rap price action, the successive Monday and Tuesday swoon-soar tandem on the back of Binance and Coinbase headlines preempted consternation, head scratching and, if nothing else, a recognition that the asset class remains habitually prone to lurid gaps in price action,” Grant said.\nIn an email, Le Shi, head of trading at Auros, a crypto market-making and algorithmic trading firm, said cryptocurrency trading volumes continue to “plumb the depths” last seen in the middle of the last crypto bear market.\nCoinShares, a European crypto investment firm, said in a Thursdayreportshared withForkastthat while the SEC lawsuits seem to carry more severe implications for Binance, the potential impact on Coinbase and the broader crypto industry is significant.\n“The charges insinuate that a majority of crypto assets should be categorized as securities, which would radically modify the regulatory landscape, potentially confining access to regulated Wall Street entities (assuming that they have the appetite once the litigation is over),” CoinShares wrote.\nCoinShares added that the shift could potentially place the control of the crypto industry within the grasp of traditional financial institutions.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 1.07% to 3,219.65 in the 24 hours to 9:45 a.m. in Hong Kong. The index was down 4.59% for the week.\nNFT sales on Ethereum fell 14.4% over the last 24 hours to US$13.72 million, and sales on the Bitcoin network dropped 9.34% to US$3.53 million, according to CryptoSlamdata.\n“[It’s a] hard market to analyze right now,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Friday.\n“On one hand I believe we’ll see capitulation to the negative news, especially once the SEC files lawsuits against (NFT) projects, but at the same time, we are seeing bullish news from projects, art, among others, on an almost daily basis,” Petscher added. “I don’t think the SEC’s lawsuits have played a factor yet. They should soon.”\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – saw the largest sales in the past 24 hours with a 74.13% rise to US$1.54 million.\nThe Captainz, an Ethereum-based collection, recorded a 2.33% increase in sales to US$1.12 million, making it the second most sold collection in the past day, followed by Mythos chain-basedDMarket’sUS$1.11 million daily sales.\nIn another development, crypto exchange Kraken haslaunchedits NFT marketplace out of beta with over 250 collections.\nLuca Netz, the chief executive officer of intellectual property firm and NFT collection Pudgy Penguins, is set tolauncha Web 3.0 licensing marketplace named Overpass as early as late June, according to a Thursdayreportby media firm NFT Now.\nPudgy Penguins is an Ethereum-based NFT collection of 8,888 unique digital assets. It is the 19th largest collection in all-time sales, with more than US$257 million traded, according to CryptoSlamdata.\nU.S. stock futures fell as of 10:10 a.m. in Hong Kong after the major U.S. stock indexes posted strong gains overnight. Dow Jones Industrial Average futures dropped 0.14%, and S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.1%.\nOvernight in the U.S., the Nasdaq Composite rose 1.02%, and the Dow Jones Industrial Average climbed 0.5%. The S&P 500 added 0.62%, hitting a new high for the year so far.\nIn macroeconomic developments, the U.S. Labor DepartmentreportedThursday that the country’s initial jobless claims totaled 261,000 for the week ended June 3. That was the highest weekly level for such claims since October 30, 2021.\nThe jobless claims pointing to a slowing of the economy are another factor suggesting the U.S. Federal Reserve’s more than year-long hikes in interest rates are having an effect and may influence the Fed’s decision-making on rates at its meeting on June 14.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Toolpredictsa 74.8% chance the Fed will leave rates unchanged at next week’s meeting, and a 25.2% chance for another 25-basis-point rate hike.\n(Updates with equity section.)', 'Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-stablecoin cryptocurrencies gained, with Polygon’s Matic token leading the winners.\nBitcoin strengthened 1.06% over the last 24 hours to US$26,551 at 7:00 a.m. in Hong Kong, making up some losses from earlier this week after the Securities and Exchange Commission (SEC) filed lawsuits against two of the world’s biggest exchanges, alleging dozens of of crypto tokens have been illegally offered and traded as unregistered securities. The world’s largest crypto by market capitalization is now down 1.26% for the past seven days after sharper declines earlier in the week, according todatafrom CoinMarketCap.\nEther climbed 1.1% to US$1,849, and logged a 0.98% weekly decline.\nPolygon’s MATIC was the biggest gainer among the top 10, with a 2.69% rise, but it has\xa0lost 12.02% in value for the past week.\nBinance’s BNB added 2.01% in the past 24 hours, the second-largest rise among the top 10, but is a big loser for the week, down 13.9%.\nThe total cryptocurrency market cap edged up 0.35% to US$1.1 trillion in the 24 hours through to 8:30 a.m. in Hong Kong, while daily trading volume dropped 35.3% to US$25.9 billion, according to CoinMarketCapdata.\nIn a new courtfilingon Wednesday, the SECsaidtransactions involving several billions of dollars of customer funds moved through now-defunct Silvergate Bank and Signature Bank under accounts allegedly controlled by Binance officials, including chief executive Changpeng Zhao.\nSachin Verma, an accountant employed by the SEC, said in the filing that some of the funds were moved to accounts suspected to belong to offshore firms linked to Zhao and Binance, in various regions including the Seychelles, Lithuania and Kazakhstan.\nZhaotweetedon Thursday that this is “simply false” in response to a CoinDeskarticlethat said US$12 billion of funds was sent to Zhao, citing the Wednesday filing.\n“To the best of my knowledge, Binance.US had in total roughly US$2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news,” Zhao tweeted. “All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.”\nGordon Grant, co-head of trading at crypto brokerage Genesis Trading, said that this week’s sweeping regulatory pronouncements “saw crypto realized volatility begin to rear its head.”\n“After seeming months of coiling in an ornery, reptilian rip-rap price action, the successive Monday and Tuesday swoon-soar tandem on the back of Binance and Coinbase headlines preempted consternation, head scratching and, if nothing else, a recognition that the asset class remains habitually prone to lurid gaps in price action,” Grant said.\nIn an email, Le Shi, head of trading at Auros, a crypto market-making and algorithmic trading firm, said cryptocurrency trading volumes continue to “plumb the depths” last seen in the middle of the last crypto bear market.\nCoinShares, a European crypto investment firm, said in a Thursdayreportshared withForkastthat while the SEC lawsuits seem to carry more severe implications for Binance, the potential impact on Coinbase and the b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $515,772,877,500 - Hash Rate: 430421503.0643882 - Transaction Count: 387084.0 - Unique Addresses: 676835.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Baron Funds, an investment management company, released its “Baron Partners Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here . Despite the market volatility, the fund performed well and returned 23.41% in the first quarter, which exceeds the Russell Midcap Growth Index’s 9.14% return and the S&P 500 Index’s 7.50% return in the same period. In addition, please check the fund’s top five holdings to know its best picks in 2023. Baron Partners Fund highlighted stocks like Illumina, Inc. (NASDAQ: ILMN ) in the first quarter 2023 investor letter. Headquartered in San Diego, California, Illumina, Inc. (NASDAQ:ILMN) is a life science tools and integrated systems manufacturer. On May 22, 2023, Illumina, Inc. (NASDAQ:ILMN) stock closed at $208.85 per share. One-month return of Illumina, Inc. (NASDAQ:ILMN) was -4.50%, and its shares lost 13.07% of their value over the last 52 weeks. Illumina, Inc. (NASDAQ:ILMN) has a market capitalization of $33.019 billion. Baron Partners Fund made the following comment about Illumina, Inc. (NASDAQ:ILMN) in its Q1 2023 investor letter: "Illumina, Inc. (NASDAQ:ILMN), the market leader in DNA sequencing technology, detracted from performance for the period held. During the quarter, activist investor Carl Icahn nominated three directors to the Illumina board and criticized the current management team’s decisions with respect to Grail, an acquisition that has developed an early cancer detection test called Galleri. Icahn is urging Illumina to sell the Grail business as soon as possible to eliminate the near-term earnings dilution and allow investors to participate in the core Illumina business. In early April, the FTC ordered the divestment of Grail. We exited our position early in the quarter.” Healthcare biology microscope, lab laboratory Pressmaster/Shutterstock.com Illumina, Inc. (NASDAQ:ILMN) is not on our list of 30 Most Popular Stocks Among Hedge Funds . As per our database, 44 hedge fund portfolios held Illumina, Inc. (NASDAQ:ILMN) at the end of the fourth quarter which was 49 in the previous quarter. Story continues We discussed Illumina, Inc. (NASDAQ:ILMN) in another article and shared the list of best stocks to buy and hold according to billionaire Carl Icahn. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors. Suggested Articles: 16 Fastest Growing Franchises in the US in 2023 12 Trusted Bitcoin Investment Sites 12 Cheap Dividend Stocks With High Yields Disclosure: None. This article is originally published at Insider Monkey .... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin\nVilnius, Lithuania, June 09, 2023 (GLOBE NEWSWIRE) -- Ordinal Bored Ape Yacht Club ($OBAYC) is proud to announce a groundbreaking project that combines the innovative concept of Bitcoin ordinals with the power and flexibility of the Ethereum blockchain. This unique initiative brings together the world of Bored Apes and Bitcoin, offering an unparalleled experience for BTC maximalists and Bored Ape Yacht Club (BAYC) enthusiasts.\nBy leveraging the cutting-edge Bitcoin Ordinal system, OBAYC has decided to launch the $OBAYC token on the BRC-20 standard. However, the project has taken a step further and wrapped the $OBAYC token with WETH (Wrapped Ether), enabling seamless transactions and leveraging the popularity and efficiency of the widely adopted ERC-20 network.\nThe journey to create the world's first Bored Apes on Bitcoin has been a meticulous process. Our team successfully fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens using the fractional.art platform. This groundbreaking achievement transforms the Bitcoin-Native Ordinal into the very first Bored Ape Yacht Club token residing on the Bitcoin network. This opens up new horizons for BAYC enthusiasts and Bitcoin maximalists alike.\nOrdinal Bored Ape Yacht Club has outlined an ambitious roadmap with a series of exciting plans that aim to revolutionize the cryptocurrency landscape:\n1. Major CEX Listings:$OBAYC will be listed on several leading cryptocurrency exchanges, ensuring increased liquidity and accessibility for a broader range of investors and traders.\n2. Top YouTuber Campaign:OBAYC is launching a strategic marketing campaign featuring influential YouTubers to create widespread awareness and drive the adoption of $OBAYC, thereby expanding the reach of the project to a global audience.\n3. Airdrop to Bored Ape Holders + Ordinal Communities:As a token of gratitude to Bored Ape holders and the wider Ordinal community, OBAYC will distribute exclusive airdrops of $OBAYC tokens. This gesture aims to reward their unwavering support and foster a strong and engaged community. There is a 5% allocation specifically reserved for ape holders, allowing anyone who possesses an ape in their wallet to come and claim.\n4. Insane OBAYC Bitcoin NFTs:OBAYC will create unique and highly sought-after OBAYC Bitcoin NFTs, offering an unprecedented level of value and utility to token holders. These exclusive digital collectibles will provide access to a range of privileges and experiences within the Bored Ape Yacht Club ecosystem.\n5. OBAYCSwap:A user-friendly and efficient token-swapping mechanism will be introduced, enabling seamless conversion between BTC and $OBAYC tokens. This feature will enhance liquidity and facilitate convenient asset management for our users.\n6. Crazy Holder Bonuses & Benefits:$OBAYC holders will enjoy a host of exciting bonuses and benefits, including exclusive access to limited-edition NFT drops, VIP events, community governance, and participation in the decision-making process.\nThe Ordinal Bored Ape Yacht Club team comprises highly experienced developers who have previously launched projects with market caps exceeding $50 million. Additionally, OBAYC’s talented marketing team includes professionals who have spearheaded successful campaigns for renowned crypto projects such as Kishu and Baby Doge.\nOrdinal Bored Ape Yacht Club aims to bridge the gap between the BTC maximalist community and the vibrant Bored Ape Yacht Club ecosystem. By combining the strength of Bitcoin with the creative spirit and passionate community of BAYC, the project strives to redefine the possibilities within the crypto space.\nTo learn more about Ordinal Bored Ape Yacht Club and participate in the project, visit the official website athttps://www.ordinalbayc.net/. The presale for $OBAYC tokens is currently live and can be accessed athttps://www.pinksale.finance/launchpad/0x188f473baf13E30ed045cfe75b00bd3527E65b44?chain=ETH&refId=0x7bfa3433d4CbBE59bDC195625213978B19Bb2Ac7.\nAbout Ordinal Bored Ape Yacht Club ($OBAYC)\nOrdinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin by fractionalizing the $OBAYC Ordinal into 1 quadrillion ERC20 tokens and wrapping them with WETH. As the first-ever Bored Ape Yacht Club token residing on the Bitcoin network, $OBAYC offers a unique experience for BTC maximalists and BAYC enthusiasts. The project aims to bridge the gap between Bitcoin and BAYC communities, providing unprecedented opportunities for users in both networks.\nWebsite\|Twitter\|Telegram\n###\nOrdinal Bored Ape Yacht Club ($OBAYC)\[email protected]\nhttps://www.ordinalbayc.net/\nDisclaimer:\nThis announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.", "Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin Vilnius, Lithuania, June 09, 2023 (GLOBE NEWSWIRE) -- Ordinal Bored Ape Yacht Club ($OBAYC) is proud to announce a groundbreaking project that combines the innovative concept of Bitcoin ordinals with the power and flexibility of the Ethereum blockchain. This unique initiative brings together the world of Bored Apes and Bitcoin, offering an unparalleled experience for BTC maximalists and Bored Ape Yacht Club (BAYC) enthusiasts. By leveraging the cutting-edge Bitcoin Ordinal system, OBAYC has decided to launch the $OBAYC token on the BRC-20 standard. However, the project has taken a step further and wrapped the $OBAYC token with WETH (Wrapped Ether), enabling seamless transactions and leveraging the popularity and efficiency of the widely adopted ERC-20 network. The journey to create the world's first Bored Apes on Bitcoin has been a meticulous process. Our team successfully fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens using the fractional.art platform. This groundbreaking achievement transforms the Bitcoin-Native Ordinal into the very first Bored Ape Yacht Club token residing on the Bitcoin network. This opens up new horizons for BAYC enthusiasts and Bitcoin maximalists alike. Ordinal Bored Ape Yacht Club has outlined an ambitious roadmap with a series of exciting plans that aim to revolutionize the cryptocurrency landscape: Major CEX Listings: $OBAYC will be listed on several leading cryptocurrency exchanges, ensuring increased liquidity and accessibility for a broader range of investors and traders. Top YouTuber Campaign: OBAYC is launching a strategic marketing campaign featuring influential YouTubers to create widespread awareness and drive the adoption of $OBAYC, thereby expanding the reach of the project to a global audience. Airdrop to Bored Ape Holders + Ordinal Communities: As a token of gratitude to Bored Ape holders and the wider Ordinal community, OBAYC will distribute exclusive airdrops of $OBAYC tokens. This gesture aims to reward their unwavering support and foster a strong and engaged community. There is a 5% allocation specifically reserved for ape holders, allowing anyone who possesses an ape in their wallet to come and claim. Insane OBAYC Bitcoin NFTs: OBAYC will create unique and highly sought-after OBAYC Bitcoin NFTs, offering an unprecedented level of value and utility to token holders. These exclusive digital collectibles will provide access to a range of privileges and experiences within the Bored Ape Yacht Club ecosystem. OBAYCSwap: A user-friendly and efficient token-swapping mechanism will be introduced, enabling seamless conversion between BTC and $OBAYC tokens. This feature will enhance liquidity and facilitate convenient asset management for our users. Crazy Holder Bonuses & Benefits: $OBAYC holders will enjoy a host of exciting bonuses and benefits, including exclusive access to limited-edition NFT drops, VIP events, community governance, and participation in the decision-making process. Story continues The Ordinal Bored Ape Yacht Club team comprises highly experienced developers who have previously launched projects with market caps exceeding $50 million. Additionally, OBAYC’s talented marketing team includes professionals who have spearheaded successful campaigns for renowned crypto projects such as Kishu and Baby Doge. Ordinal Bored Ape Yacht Club aims to bridge the gap between the BTC maximalist community and the vibrant Bored Ape Yacht Club ecosystem. By combining the strength of Bitcoin with the creative spirit and passionate community of BAYC, the project strives to redefine the possibilities within the crypto space. To learn more about Ordinal Bored Ape Yacht Club and participate in the project, visit the official website at https://www.ordinalbayc.net/ . The presale for $OBAYC tokens is currently live and can be accessed at https://www.pinksale.finance/launchpad/0x188f473baf13E30ed045cfe75b00bd3527E65b44?chain=ETH&refId=0x7bfa3433d4CbBE59bDC195625213978B19Bb2Ac7 . About Ordinal Bored Ape Yacht Club ($OBAYC) Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin by fractionalizing the $OBAYC Ordinal into 1 quadrillion ERC20 tokens and wrapping them with WETH. As the first-ever Bored Ape Yacht Club token residing on the Bitcoin network, $OBAYC offers a unique experience for BTC maximalists and BAYC enthusiasts. The project aims to bridge the gap between Bitcoin and BAYC communities, providing unprecedented opportunities for users in both networks. Website \| Twitter \| Telegram ### Ordinal Bored Ape Yacht Club ($OBAYC) [email protected] https://www.ordinalbayc.net/ Disclaimer: This announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.", "Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin\nVilnius, Lithuania, June 09, 2023 (GLOBE NEWSWIRE) -- Ordinal Bored Ape Yacht Club ($OBAYC) is proud to announce a groundbreaking project that combines the innovative concept of Bitcoin ordinals with the power and flexibility of the Ethereum blockchain. This unique initiative brings together the world of Bored Apes and Bitcoin, offering an unparalleled experience for BTC maximalists and Bored Ape Yacht Club (BAYC) enthusiasts.\nBy leveraging the cutting-edge Bitcoin Ordinal system, OBAYC has decided to launch the $OBAYC token on the BRC-20 standard. However, the project has taken a step further and wrapped the $OBAYC token with WETH (Wrapped Ether), enabling seamless transactions and leveraging the popularity and efficiency of the widely adopted ERC-20 network.\nThe journey to create the world's first Bored Apes on Bitcoin has been a meticulous process. Our team successfully fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens using the fractional.art platform. This groundbreaking achievement transforms the Bitcoin-Native Ordinal into the very first Bored Ape Yacht Club token residing on the Bitcoin network. This opens up new horizons for BAYC enthusiasts and Bitcoin maximalists alike.\nOrdinal Bored Ape Yacht Club has outlined an ambitious roadmap with a series of exciting plans that aim to revolutionize the cryptocurrency landscape:\n1. Major CEX Listings:$OBAYC will be listed on several leading cryptocurrency exchanges, ensuring increased liquidity and accessibility for a broader range of investors and traders.\n2. Top YouTuber Campaign:OBAYC is launching a strategic marketing campaign featuring influential YouTubers to create widespread awareness and drive the adoption of $OBAYC, thereby expanding the reach of the project to a global audience.\n3. Airdrop to Bored Ape Holders + Ordinal Communities:As a token of gratitude to Bored Ape holders and the wider Ordinal community, OBAYC will distribute exclusive airdrops of $OBAYC tokens. This gesture aims to reward their unwavering support and foster a strong and engaged community. There is a 5% allocation specifically reserved for ape holders, allowing anyone who possesses an ape in their wallet to come and claim.\n4. Insane OBAYC Bitcoin NFTs:OBAYC will create unique and highly sought-after OBAYC Bitcoin NFTs, offering an unprecedented level of value and utility to token holders. These exclusive digital collectibles will provide access to a range of privileges and experiences within the Bored Ape Yacht Club ecosystem.\n5. OBAYCSwap:A user-friendly and efficient token-swapping mechanism will be introduced, enabling seamless conversion between BTC and $OBAYC tokens. This feature will enhance liquidity and facilitate convenient asset management for our users.\n6. Crazy Holder Bonuses & Benefits:$OBAYC holders will enjoy a host of exciting bonuses and benefits, including exclusive access to limited-edition NFT drops, VIP events, community governance, and participation in the decision-making process.\nThe Ordinal Bored Ape Yacht Club team comprises highly experienced developers who have previously launched projects with market caps exceeding $50 million. Additionally, OBAYC’s talented marketing team includes professionals who have spearheaded successful campaigns for renowned crypto projects such as Kishu and Baby Doge.\nOrdinal Bored Ape Yacht Club aims to bridge the gap between the BTC maximalist community and the vibrant Bored Ape Yacht Club ecosystem. By combining the strength of Bitcoin with the creative spirit and passionate community of BAYC, the project strives to redefine the possibilities within the crypto space.\nTo learn more about Ordinal Bored Ape Yacht Club and participate in the project, visit the official website athttps://www.ordinalbayc.net/. The presale for $OBAYC tokens is currently live and can be accessed athttps://www.pinksale.finance/launchpad/0x188f473baf13E30ed045cfe75b00bd3527E65b44?chain=ETH&refId=0x7bfa3433d4CbBE59bDC195625213978B19Bb2Ac7.\nAbout Ordinal Bored Ape Yacht Club ($OBAYC)\nOrdinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin by fractionalizing the $OBAYC Ordinal into 1 quadrillion ERC20 tokens and wrapping them with WETH. As the first-ever Bored Ape Yacht Club token residing on the Bitcoin network, $OBAYC offers a unique experience for BTC maximalists and BAYC enthusiasts. The project aims to bridge the gap between Bitcoin and BAYC communities, providing unprecedented opportunities for users in both networks.\nWebsite\|Twitter\|Telegram\n###\nOrdinal Bored Ape Yacht Club ($OBAYC)\[email protected]\nhttps://www.ordinalbayc.net/\nDisclaimer:\nThis announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.", 'Well, there’s no sugarcoating it, this has been an extremely rough week for crypto and non-fungible tokens (NFTs) due to the U.S. Securities and Exchange Commission (SEC) filing lawsuits against Binance and Coinbase. During this new phase of scrutiny on, well, everything on the blockchain, the NFT community has really banded together to support the builders. And make no mistake, there’s plenty of building happening. Bitcoin NFTs are still going parabolic, the Polygon blockchain is teasing something major by having projects tease the number 2, art sales keep ripping, and there are some major developments coming related to intellectual property licensing for NFT holders. 👀 pic.twitter.com/qYa4EDAotL — Frank (@frankdegods) June 8, 2023 With everything happening in the news these stories were easy to miss, so let’s get you caught up. Noteworthy Happenings Pudgy Penguins’ owner Luca Netz was on the NFT Now podcast and talked about an upcoming new NFT IP licensing platform he’s releasing in the next few weeks called Overpass . Pudgy Penguins holders will be able to connect with entities who want to license their NFT, and with a few clicks of a mouse, will take part in the future of licensing. Art remains a hot topic in NFTs over the past few weeks, and this week is no exception. From some of Tyler Hobbs’ Fidenzas (#545 and #25), which sold for US$1.17 million and US$129,000 this week, to the sale of XCOPY’s Hackproof 2049 for US$73,000, collectors are grabbing their art grails. Are they anticipating a run on art, or did they just finally find the liquidity after meme coin season? 4281033c51b043028ebaf5fa8ea2972b Blur.io cycled in a new group of projects to receive 2x rewards for points farming, and with Bored Ape Yacht Club (BAYC) included, the race was on. Traders quickly threw their Bored Apes into the Blend lending protocol, and with no creator fees to pay, could buy them back and repeat the cycle over and over again. This relatively new type of wash trading might have fooled some into thinking NFT sales were starting to take off, but we instead flagged nearly 75% of BAYC as wash trades at their peak. Story continues BAYC daily wash sales. Source: CryptoSlam Bitcoin had 2 recent noteworthy events with another new BRC-20 drop called $MXRC , and Magic Eden’s first Bitcoin drop on their launchpad called Bitcoin Bears Club . $MXRC wasn’t as smooth as some hoped, and bots seemed to grab up a decent percentage of the supply. Bitcoin Bears Club on the other hand was a big success, and in just a few days is the 2nd most traded BTC collection on Magic Eden. a277502da9a14653a96f9cde8feacb02 Peep the charts 91193b9ac3c44c36995a96278b3abee0 BAYC dropped a teaser video this week that showed off apes , dogs , and HV-MTL characters all being drawn into a puzzle. Between wash trades and maybe some hype, BAYC remains on top. DMarket and Gods Unchained at times this week occupied the top 2 spots on the 24-hour rankings. With the SEC news and some buyers pausing to watch the landscape, it’s possible that gaming NFTs with cheaper assets may be the exact type of projects built to weather the storm. Wash trades on Ethereum are trending up, and will probably hang around this level until Blur’s Season 2 rewards are distributed. There are rumors that this is coming up imminently. Bitcoin still holds onto number two and seems to be on auto-pilot. More traders are being onboarded into the Ordinals ecosystem as the appeal of taking part in the early days of the historic chain’s NFT scene becomes too big to miss. Polygon and Solana are still battling for third and fourth, but it still remains to be seen if their native tokens being called securities will impact their NFT ecosystems.', 'Well, there’s no sugarcoating it, this has been an extremely rough week for crypto and non-fungible tokens (NFTs) due to the U.S. Securities and Exchange Commission (SEC) filing lawsuits against Binance and Coinbase.\nDuring this new phase of scrutiny on, well, everything on the blockchain, the NFT community has really banded together to support the builders. And make no mistake, there’s plenty of building happening. Bitcoin NFTs are still going parabolic, the Polygon blockchain is teasing something major by having projects tease the number 2, art sales keep ripping, and there are some major developments coming related to intellectual property licensing for NFT holders.\nWith everything happening in the news these stories were easy to miss, so let’s get you caught up.\n• Pudgy Penguins’owner Luca Netz was on the NFT Now podcast and talked about an upcoming newNFT IPlicensing platform he’s releasing in the next few weeks calledOverpass. Pudgy Penguins holders will be able to connect with entities who want to license their NFT, and with a few clicks of a mouse, will take part in the future of licensing.\n• Art remains a hot topic in NFTs over the past few weeks, and this week is no exception. From some of Tyler Hobbs’ Fidenzas (#545 and #25), which sold forUS$1.17 millionand US$129,000 this week, to the sale of XCOPY’s Hackproof 2049 for US$73,000, collectors are grabbing their art grails. Are they anticipating a run on art, or did they just finally find the liquidity after meme coin season?\n• Blur.iocycled in a new group of projects to receive 2x rewards for points farming, and with Bored Ape Yacht Club (BAYC) included, the race was on. Traders quickly threw their Bored Apes into the Blend lending protocol, and with no creator fees to pay, could buy them back and repeat the cycle over and over again. This relatively new type of wash trading might have fooled some into thinking NFT sales were starting to take off, but we instead flagged nearly 75% of BAYC as wash trades at their peak.\n• Bitcoin had 2 recent noteworthy events with another new BRC-20 drop called$MXRC, and Magic Eden’s first Bitcoin drop on their launchpad calledBitcoin Bears Club. $MXRC wasn’t as smooth as some hoped, and bots seemed to grab up a decent percentage of the supply.\n• Bitcoin Bears Club on the other hand was a big success, and in just a few days is the 2nd most traded BTC collection on Magic Eden.\n• BAYC dropped a teaservideothis week that showed offapes,dogs, andHV-MTLcharacters all being drawn into a puzzle. Between wash trades and maybe some hype, BAYC remains on top.\n• DMarketandGods Unchainedat times this week occupied the top 2 spots on the 24-hour rankings. With the SEC news and some buyers pausing to watch the landscape, it’s possible that gaming NFTs with cheaper assets may be the exact type of projects built to weather the storm.\n• Wash trades on Ethereum are trending up, and will probably hang around this level until Blur’s Season 2 rewards are distributed. There are rumors that this is coming up imminently.\n• Bitcoin still holds onto number two and seems to be on auto-pilot. More traders are being onboarded into the Ordinals ecosystem as the appeal of taking part in the early days of the historic chain’s NFT scene becomes too big to miss.\n• Polygon and Solana are still battling for third and fourth, but it still remains to be seen if their native tokens being called securities will impact their NFT ecosystems.', "Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchanges Binance and Coinbase. The bulk of these losses came in the wee hours of Saturday, data shows. Solana (SOL), polygon (MATIC) and cardano (ADA) fell as much as 25% within hours \x96 leading some on Crypto Twitter to wonder if a major crypto fund sold their holdings amid rather illiquid market conditions. Such moves pushed weekly declines for these tokens to as much as 34%, the data shows. Tokens fell as much as 25% in the past 24 hours. (CoinGecko) As such, major tokens such as bnb (BNB), dogecoin (DOGE), xrp (XRP) fell over 11%. Bitcoin (BTC) dropped 3.6% while ether (ETH) slid 4.5%. Crypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week. Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Earlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities. This has led to some major retail trading avenues such as Robinhood to end support for tokens ADA, SOL and MATIC, likely as a response to the regulatory filings.", "Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchanges Binance and Coinbase.\nThe bulk of these losses came in the wee hours of Saturday, data shows. Solana (SOL), polygon (MATIC) and cardano (ADA) fell as much as 25% within hours – leading some onCrypto Twitter to wonder if a major crypto fund soldtheir holdings amid rather illiquid market conditions.\nSuch moves pushed weekly declines for these tokens to as much as 34%, the data shows.\nAs such, major tokens such as bnb (BNB), dogecoin (DOGE), xrp (XRP) fell over 11%. Bitcoin (BTC) dropped 3.6% while ether (ETH) slid 4.5%.\nCrypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week.\nCrypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements.\nEarlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities.\nThis has led to some major retail trading avenues such as Robinhood toend support for tokensADA, SOL and MATIC, likely as a response to the regulatory filings.", 'The crypto industry is getting its very own tax framework. The Organization for Economic Cooperation and Development (OECD) has rolled out a new tax standard for cryptocurrencies along with a set of amendments to the already existing common reporting standard. The OECD is an international organization aimed at creating standards for issues such as climate change, taxation, education, and jobs. Although none of these standards are compulsory, they act as guidelines for regulators on domestic and international policies. No, MetaMask Will Not Withhold Your Crypto for Taxes A framework for exchanging tax information among countries already exists, but the Crypto-Asset Reporting Framework (CARF) is aimed specifically at cryptocurrencies. Specifically, it looks to reduce the evasion that might be done through these technologies. The new set of rules also makes changes to the Common Reporting Standard (CRS) which was designed to promote tax transparency with respect to financial accounts held abroad. The CRS was approved in 2014. “Our new international tax transparency standards aim to further strengthening efforts to tackle tax evasion in a digitalized & globalized world economy,” tweeted Mathias Cormann, Secretary General of the OECD on Thursday. Our new international tax transparency standards cover the updated Common Reporting Standard and the new reporting framework for crypto assets, further strengthening efforts to tackle tax evasion in a digitalised & globalised world economy. ➡️ https://t.co/GMcvZOQXCc pic.twitter.com/8Z595Vutrn — Mathias Cormann (@MathiasCormann) June 8, 2023 Beginning with cryptocurrency, the two-part standard recognizes the impact this nascent industry is having and how it will affect tax revenue in different nations. Story continues CARF has three main components: Rules for collecting relevant tax information such as the scope of assets and entities transacting them; a new multilateral authority for enforcing these rules; and an electronic format (XML) for exchanging information among authorities. The second part of the report showcases amendments to the CRS. Interestingly, it includes a section on Central Bank Digital Currencies ( CBDCs ), which may have tax compliance requirements. It also adds the term “Specified Electronic Money Product,” which covers digital representations of a fiat currency. US Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman The OECD highlights key points for entities and individuals that are using cryptocurrency today and how they need to be monitored and properly taxed. It correctly identifies certain elements such as wallets and exchanges, distributed ledger technology ( DLT ), and derivatives based on crypto assets. Although it is difficult to imagine how they will enforce this framework, aside from death, one thing is for certain: they want to tax you.', 'The crypto industry is getting its very own tax framework.\nThe Organization for Economic Cooperation and Development (OECD) has rolled out anew tax standardfor cryptocurrencies along with a set of amendments to the already existing common reporting standard.\nTheOECDis an international organization aimed at creating standards for issues such as climate change, taxation, education, and jobs. Although none of these standards are compulsory, they act as guidelines for regulators on domestic and international policies.\nNo, MetaMask Will Not Withhold Your Crypto for Taxes\nA framework for exchanging tax information among countries already exists, but the Crypto-Asset Reporting Framework (CARF) is aimed specifically at cryptocurrencies.\nSpecifically, it looks to reduce theevasionthat might be done through these technologies.\nThe new set of rules also makes changes to the Common Reporting Standard (CRS) which was designed to promote tax transparency with respect to financial accounts held abroad. The CRS was approved in 2014.\n“Our new international tax transparency standards aim to further strengthening efforts to tackle tax evasion in a digitalized & globalized world economy,”tweetedMathias Cormann, Secretary General of the OECD on Thursday.\nBeginning with cryptocurrency, thetwo-part standardrecognizes the impact this nascent industry is having and how it will affect tax revenue in different nations.\nCARF has three main components: Rules for collecting relevant tax information such as the scope of assets and entities transacting them; a new multilateral authority for enforcing these rules; and an electronic format (XML) for exchanging information among authorities.\nThe second part of the report showcases amendments to the CRS. Interestingly, it includes a section on Central Bank Digital Currencies (CBDCs), which may have tax compliance requirements. It also adds the term “Specified Electronic Money Product,” which covers digital representations of a fiat currency.\nUS Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman\nThe OECD highlights key points for entities and individuals that are using cryptocurrency today and how they need to be monitored and properly taxed. It correctly identifies certain elements such aswalletsand exchanges, distributed ledger technology (DLT), and derivatives based on crypto assets.\nAlthough it is difficult to imagine how they will enforce this framework, aside from death, one thing is for certain: they want to tax you.', 'Illustration by Mitchell Preffer for Decrypt. Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binance on Monday , followed by Coinbase the next day—both sued for allegedly operating as unregistered securities exchanges. The pair are the two largest crypto exchanges in the world—and the entire industry took notice. Market leaders Bitcoin (BTC) and Ethereum (ETH) sustained among the lighter losses among leading coins. Bitcoin depreciated by nearly 6% over the seven days to trade at $25,624 on Saturday. Ethereum fell 8.5% over the same period and currently changes hands at around $1,738. Binance’s native BNB coin crashed 23% over the week to hit $236. Huge losses of over 30% were felt by holders of Cardano (ADA), Solana (SOL), and Polygon (MATIC). These three cryptocurrencies were all cited as securities in the SEC’s lawsuit against Binance. Leading cryptocurrencies that lost between 20% to 30% of their value this week include Litecoin (LTC), Avalanche (AVAX), Shiba Inu (SHIB), Uniswap (UNI), Chainlink (LINK), and Cosmus Hub (ATOM). Every unbacked cryptocurrency in the top thirty by market capitalization depreciated in value this week. What’s the Difference Between the Binance and Coinbase SEC Lawsuits? Crypto giants under fire Binance immediately responded to the SEC’s lawsuit by calling the regulator “unreasonable” and claiming it is “disheartened” by the agency’s use of “ blunt weapons of enforcement .” The response of the entire market followed that day, plummeting 3.6% overnight and, in a foreboding note, Coinbase’s stock price also tumbled on news of Binance’s woes and continued to tumble when the Coinbase lawsuit hit the press the next day. Later on Tuesday, SEC Chairman Gary Gensler said that the crypto industry’s entire business model is “ built on non-compliance ” and in a damning CNBC interview, said: “We don’t need more digital currency.” A multi-state task force comprising California , Illinois , Kentucky , Maryland , New Jersey , South Carolina, Vermont, Washington, Wisconsin along with Alabama jointly filed charges against Coinbase that same day for violating securities laws through its staking service, repeating one of the SEC’s allegations against the exchange. Story continues Coinbase Plans to Fight SEC Lawsuit, Carry On With \'Business as Usual\' Coinbase’s chief legal officer Paul Grewal was in DC to speak at a hearing on the Digital Asset Market Structure Discussion Draft when news broke of the enforcement action. He strayed briefly from his prepared remarks and called the lawsuit “disappointing, but not surprising” and said Coinbase would continue “ business as usual ." He also accused the agency of a “reliance on enforcement-only approach” and called for Congress to adopt a draft bill laying out a regulatory framework around cryptocurrency transactions. It was a remarkably busy day at the SEC on Tuesday. In addition to the Coinbase lawsuit and Gensler’s CNBC appearance, the leading U.S. securities regulator also filed an emergency motion that day requesting court permission to seize Binance.US’s assets . US Court Gives SEC One Week to Respond to Coinbase’s Rulemaking Petition The U.S. Court of Appeals for the Third Circuit must have appreciated the urgency this week, because on Wednesday it finally responded to a public petition Coinbase had filed to the SEC way back in July, asking it to clarify its rules on which digital assets constitute securities offerings. The court gave the SEC seven days to clarify its position. That same day, the SEC filed court documents alleging billions of dollars of Binance-related funds routinely flowed through Signature Bank and Silvergate Bank for years. The regulator further alleges that Binance entities commingled funds and funneled them to a Paxos affiliate through accounts held by Merit Peak, an entity controlled by Changpeng Zhao that is described as an over-the-counter trading desk and a proprietary trader of digital assets. Also that day, Binance.US pulled over forty trading pairs , the bulk of them including Tether’s dollar-pegged stablecoin USDT, which has previously been the subject of scrutiny over the nature of the assets backing it up. On Friday, the exchange transitioned to “ crypto-only ” operations, suspending U.S. Dollar deposits and withdrawals. But the plot really thickened when it came to light that arch-nemeses Gary Gensler and Changpeng Zhao have a history .', 'Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binanceon Monday, followed byCoinbasethe next day—both sued for allegedly operating as unregistered securities exchanges. The pair are the two largest crypto exchanges in the world—and the entire industry took notice.\nMarket leaders Bitcoin (BTC) and Ethereum (ETH) sustained among the lighter losses among leading coins. Bitcoin depreciated by nearly 6% over the seven days to trade at $25,624 on Saturday. Ethereum fell 8.5% over the same period and currently changes hands at around $1,738.\nBinance’s native BNB coin crashed 23% over the week to hit $236.\nHuge losses of over 30% were felt by holders of Cardano (ADA), Solana (SOL), and Polygon (MATIC). These three cryptocurrencies were allcited as securitiesin the SEC’s lawsuit against Binance.\nLeading cryptocurrencies that lost between 20% to 30% of their value this week include Litecoin (LTC), Avalanche (AVAX), Shiba Inu (SHIB), Uniswap (UNI), Chainlink (LINK), and Cosmus Hub (ATOM).\nEvery unbacked cryptocurrency in the top thirty by market capitalization depreciated in value this week.\nWhat’s the Difference Between the Binance and Coinbase SEC Lawsuits?\nBinance immediately responded to the SEC’s lawsuit by calling the regulator “unreasonable” and claiming it is “disheartened” by the agency’s use of “blunt weapons of enforcement.”\nThe response of the entire market followed that day, plummeting3.6% overnightand, in a foreboding note, Coinbase’s stock pricealso tumbledon news of Binance’s woes and continued to tumble when the Coinbase lawsuit hit the press the next day.\nLater on Tuesday, SEC Chairman Gary Gensler said that the crypto industry’s entire business model is “built on non-compliance” and in a damningCNBCinterview, said: “We don’t need more digital currency.”\nA multi-state task force comprisingCalifornia,Illinois,Kentucky,Maryland,New Jersey, South Carolina, Vermont, Washington, Wisconsin along withAlabamajointlyfiled chargesagainst Coinbase that same day for violating securities laws through its staking service, repeating one of the SEC’s allegations against the exchange.\nCoinbase Plans to Fight SEC Lawsuit, Carry On With \'Business as Usual\'\nCoinbase’s chief legal officer Paul Grewal was in DC to speak at a hearing on the Digital Asset Market Structure Discussion Draft when news broke of the enforcement action. He strayed briefly from his prepared remarks and called the lawsuit “disappointing, but not surprising” and said Coinbase would continue “business as usual."\nHe also accused the agency of a “reliance on enforcement-only approach” and called for Congress to adopt a draft bill laying out a regulatory framework around cryptocurrency transactions.\nIt was a remarkably busy day at the SEC on Tuesday. In addition to the Coinbase lawsuit and Gensler’s CNBC appearance, the leading U.S. securities regulator also filed anemergency motionthat day requesting court permissionto seize Binance.US’s assets.\nUS Court Gives SEC One Week to Respond to Coinbase’s Rulemaking Petition\nThe U.S. Court of Appeals for the Third Circuit must have appreciated the urgency this week, because on Wednesday it finally responded to a public petition Coinbase had filed to the SEC way back in July, asking it to clarify its rules on which digital assets constitute securities offerings. The courtgave the SEC seven daysto clarify its position.\nThat same day, the SEC filed court documents alleging billions of dollars of Binance-related funds routinely flowed through Signature Bank and Silvergate Bank for years. The regulator further alleges that Binance entities commingled funds and funneled them to a Paxos affiliate through accounts held by Merit Peak, an entity controlled by Changpeng Zhao that is described as an over-the-counter trading desk and a proprietary trader of digital assets.\nAlso that day, Binance.USpulled over forty trading pairs, the bulk of them including Tether’s dollar-pegged stablecoin USDT, which has previously been the subject of scrutiny over the nature of the assets backing it up. On Friday, the exchange transitioned to “crypto-only” operations, suspending U.S. Dollar deposits and withdrawals.\nBut the plot really thickened when it came to light that arch-nemeses Gary Gensler and Changpeng Zhaohave a history.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $495,968,543,400 - Hash Rate: 392218411.0764248 - Transaction Count: 365369.0 - Unique Addresses: 643676.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Kyle White agrees to his second entrepreneurial exit after Interstellar Digital acquisition Miami, FL, May 16, 2023 (GLOBE NEWSWIRE) -- Interstellar Digital LLP, a leading venture marketing agency founded by Kyle White and Maria Lobanova, has been acquired in full by new LLC, to focus more on public relations, branding, and communication for an undisclosed sum. The acquisition will create Interstellar Digital LLC based in Miami that will offer a full range of digital services to clients across various industries including blockchain technologies and non-fungible tokens. Interstellar Digital is led by Maria Lobanova who has a 10 plus year history delivering success to clients. Kyle White will remain on as a Partner Advisor with the new company, bringing his expertise and experience in scaling startups and structuring communication success. The acquisition makes this Kyle’s second successful exit from a startup he founded in his career. He is also a sought-after speaker, analyst, and author on blockchain topics having first utilized crypto in 2015. Kyle is an experienced venture marketing Advisor and M&A Executive for over 15 companies raising over $600 million in funding and worked on over $2 billion in acquisitions. “I’m thrilled to see Maria Lobanova and her team at Interstellar Digital LLC set up this new structure,” said White. “Maria is a visionary leader who shares my passion for creating impactful solutions for clients. Together, we delivered exceptional results and value helping Interstellardigital.io to continue to thrive under her leadership.” Maria Lobanova will continue on as the CEO of the Interstellar Digital LLP public relations agency. In addition to Interstellar Digital, she is a contributor to top media outlets including Bitcoin Magazine, HackerNoon, and GQ. Maria started in the crypto industry in 2016 meeting with Vitalik Buterin in Moscow early on in her career. Maria has organized tier one crypto events like Cryptospace Moscow with top industry leaders including the CGO of Binance, the CEO of eToro, and CEO of Metaverse. During CryptoRunway at Art Basel in Miami she spoke on the panel with the CEO of Rarible and the CEO of Doodles. Maria organized the Crypto Gala in Miami sponsored by Polygon, Securitize and other notable companies as well as the Gam3r’s Choice Awards. “I’m delighted to have acquired Interstellar Digital LLP in full,” said Lobanova. “Kyle is a blockchain legend who has built an impressive portfolio of clients and projects over the years. His expertise and insights will continue to be invaluable to Interstellar Digital.” Interstellar Digital LLC will operate in Miami but continue to have a global presence. The company will continue to offer its signature services such as public relations, communications, influencer marketing, social media management, community management, and event planning. Interstellar Digital LLC offers a full range of digital marketing services to clients across various industries like web3, blockchain, AI, and high tech. The company was formed by the acquisition of Interstellar Digital Partnership by Maria Lobanova. The acquisition of Interstellar LLP marks Kyle White’s second successful entrepreneurial exit and he will remain as a Partner advisor with the new company. For more information, visit interstellardigital.io or follow @interstellardigitalpr on Instagram. Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Media Contact : Contact : Maria Lobanova Email : [email protected] Location : Miami, FL Source: Interstellar Digital... - Reddit Posts (Sample): [['u/greenglobones', 'Ignorant question: What would incentivize miners 50-100+ years from now to continue mining Bitcoin to maintain the network as block rewards become less profitable through the halvening?', 41, '2023-06-10 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/', 'Would people continue mining or attempting to maintain the Bitcoin network through mining in 50-100+ years from now? I suppose that as mining becomes less profitable with block rewards decreasing, what will incentivize the miners in the future?\n\nI suppose that as the price of Bitcoin increases, rewards will still be more profitable since ~6btc/block now would be less profitable than ~3btc/block at a point in the future with the value of 1btc presumed to be higher at that future point. But if BTC does ever find a ceiling, what would the incentive be to continue maintaining the network if 100+ years from now, rewards have been halved so much?', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/', '145icdf', [['u/Baecchus', 29, '2023-06-10 00:17', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl656w/', "The idea is that Bitcoin's price increase will be able to keep up with decreased rewards.\n\nWill it play out that way? We don't know. That's all there is really.", '145icdf'], ['u/Calm-Cartographer677', 11, '2023-06-10 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl6awu/', 'Mining operations will likely continue to become more efficient over time which will reduce costs and partially offset the reducing block reward.', '145icdf'], ['u/djmoblei', 40, '2023-06-10 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl6ri3/', 'Fees.', '145icdf'], ['u/EggplantsLover', 20, '2023-06-10 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl6ye3/', "Because Bitcoin miners are nice, not-greedy people who don't care about profits and would happily take a loss for the good of the community /s", '145icdf'], ['u/Baecchus', 10, '2023-06-10 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnla8gn/', 'Ordinals have entered the chat', '145icdf']]], ['u/BashCo', "On June 12th, r/Bitcoin will go dark for 48 hours in protest of Reddit's API changes that will kill 3rd party apps.", 970, '2023-06-10 00:10', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/', 'Additional reading:\n\nhttps://www.reddit.com/r/Save3rdPartyApps/comments/13yh0jf/dont_let_reddit_kill_3rd_party_apps/\n\nhttps://www.reddit.com/r/redditdev/comments/144l86y/takeaways_and_recommendations_after_api_meeting/\n\nhttps://www.reddit.com/r/apolloapp/comments/144f6xm/apollo_will_close_down_on_june_30th_reddits/\n\nhttps://www.reddit.com/r/redditisfun/comments/144gmfq/rif_will_shut_down_on_june_30_2023_in_response_to/\n\nhttps://www.reddit.com/r/reddit/comments/145bram/addressing_the_community_about_changes_to_our_api/', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/', '145iff8', [['u/TheRealestLarryDavid', 26, '2023-06-10 00:12', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnl5jqq/', 'with you bud. after the outrageous AMA today I imagine this blackout will last indefinitely for a lot of subs', '145iff8'], ['u/GimmeFunkyButtLoving', 10, '2023-06-10 00:43', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnl9igj/', 'NOSTR fixes this', '145iff8'], ['u/Korberos', 35, '2023-06-10 00:56', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlb5ot/', "Hell yeah. Don't forget to post on [this thread](https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/) so you guys get added to the list.", '145iff8'], ['u/Fiach_Dubh', 11, '2023-06-10 01:25', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnley9o/', 'and my axe.\n\nr/bitcoinca will be joining this protest as well', '145iff8'], ['u/BashCo', 23, '2023-06-10 01:52', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnliaq3/', '[Done](https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/jnlbv2d/)', '145iff8'], ['u/knuF', 13, '2023-06-10 01:56', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnliqp3/', 'So we going Nostr or what?', '145iff8'], ['u/LNCrizzo', 102, '2023-06-10 02:11', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlkkst/', 'See you all on nostr.', '145iff8'], ['u/18476', 81, '2023-06-10 02:19', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnllnv3/', "Two days? Yea, that'll teachem.", '145iff8'], ['u/Autism0600', 26, '2023-06-10 03:28', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlu2vi/', "I don't see what the point of taking 2 days off is going to do. We all know about this. No one likes it. They aren't changing their minds and going dark for a weekend isn't going to break their business. \n\nGo dark for a month or a quarter so they actually feel it. Promote alternatives. Even consider deleting the sub entirely. \n\nThey need to see their new move as less profitable than alternatives. Most businesses can handle two days without revenue. Especially a VC driven industry like tech. The only real threat is migration and deletion. Everything else they can just ignore.", '145iff8'], ['u/mrASSMAN', 14, '2023-06-10 03:46', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlw87y/', 'Make it a week', '145iff8'], ['u/Korberos', 11, '2023-06-10 03:48', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlwf40/', 'Over 3500 subreddits are part of it, so apparently a lot of people other than you.', '145iff8'], ['u/BashCo', 21, '2023-06-10 03:50', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlwnga/', "I think most mods acknowledge that reddit admins aren't going to change course. But in my opinion it's about applying pressure to admins for the absolute shit job they've been doing managing this site over the past several years. Shitting on devs and communities that have helped make this site what it is (for better or worse) is just adding insult to injury.", '145iff8'], ['u/LNCrizzo', 16, '2023-06-10 06:36', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnmew2n/', 'Censorship resistant social media not controlled by a greedy corporation. r/nostr for more info or download Damus for iPhone or Amethyst for Android and jump right in. No KYC to participate either.', '145iff8'], ['u/LNCrizzo', 12, '2023-06-10 08:39', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnmp4xg/', 'The best clients right now are like Twitter, but the protocol is flexible and someone is working on a Reddit clone zapddit.com', '145iff8'], ['u/LNCrizzo', 13, '2023-06-10 09:36', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnmtd3x/', "It's an open source protocol that anyone can build on top of. There is no way for one entity to monopolize the entire thing, so people will always have a choice in how they want to interact with the network. The identity you create (you public/private key pair) is portable and you can take it with you to any client (app) without having to start a new profile from scratch.", '145iff8'], ['u/3D-LASERWOLF', 15, '2023-06-10 11:43', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnn2bov/', 'Then do it indefinitely', '145iff8']]], ['u/lilpoostain200', 'Would You Buy An Unprofitable Business Sitting on Tons of Cash?', 14, '2023-06-10 01:04', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/', 'I recently came across $EBON, which is a Chinese crypto and blockchain technology company sitting on $250 million dollars of cash with relatively 0 debt or other liabilities and a market cap of $46 million. 90% of revenue had come from Bitcoin mining and net income has been negative for several years. I believe the company will most likely stay unprofitable but are they still undervalued given how much cash they have? I think the company is in a really interesting situation and look forward to watching what happens to the stock price over the next few years.', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/', '145jqm9', [['u/AleIrurzun', 33, '2023-06-10 01:24', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnletix/', 'Seems like they have no viable business model at all. All that cash was gained raising capital', '145jqm9'], ['u/whiskeyinthejaar', 47, '2023-06-10 01:29', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnlfd1t/', 'When you dance with the pigs, you will smell like shit.', '145jqm9'], ['u/RotoHack', 10, '2023-06-10 02:02', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnljgk2/', 'You should watch China hustle. And then read the alibaba prospectus. Then decide if you want to invest in ANY Chinese company.\n\nAs a foreign investor you have no right to any of that cash or any future cash flows. You own bullshit.\n\nAnd to answer your original question it depends on the future outlook of the company. But given that it is a Chinese "blockchain" company, run away from it as fast as you can.', '145jqm9'], ['u/trader_dennis', 31, '2023-06-10 04:29', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnm1akh/', 'Do you really trust the auditors? I’d avoid a Chinese penny stock.', '145jqm9'], ['u/cantstopwontstopGME', 14, '2023-06-10 04:43', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnm2yrh/', '“I came across a Chinese company…..”\n\n“They have $250 million in cash….” \n\n\nNo they do not. The Chinese government has $250mil invested with them and can take it all back at any time, leaving you with less than the value of the crypto mining operation you invested in.', '145jqm9']]], ['u/imod87', 'Navigating the Regulatory Landscape Towards a Decentralized Future', 29, '2023-06-10 01:22', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/', 'Why Algorand Should Comply with Regulations\n\nHi there 👋 \n\nA lot has happened lately and I would like to consider the possibility, in my humble means, for Algorand to accept (at least in the U.S) in its current state the classification as a security with intention to transition, while in compliance, into a commodity - taking the long and hard road so to say. I know this is surely not in the cyberpunk fashion blockchain started with, but it surely also is not the personality trait Algorand is all about. Algorand is not an usurper who unlawfully seizes or takes control of a position of power, typically through force or illegal means, without having a legitimate claim or right to that position - it is neither BTC, nor XMR, in philosophy. In fact, Algorand aims to be a legitimate and rightful public blockchain for the many, a blockchain who obtains and holds a position of power or authority in a legal and lawful manner, It aims to come to power through legitimate, democratic means while following the established legal process. Unlike a usurper, a legitimate ruler is recognized and accepted as the rightful occupant of the position they hold, and The Algorand Foundation plays a pivotal role in helping the blockchain to become this decentralised, self-sovereign agent in the future.\n\nAt the end of the day we want to integrate with the system to improve upon it. We do not want to be another crypto-casino - we do not want another Yieldly or malicious VCs to pump and dump on us (and the Foundation) over and over - let them play somewhere else. Like Bitcoin did for itself when it took distance from the word "Crypto", so should we strive to legitimate our tech and convictions, and overcome the repeating gold-rush swings made possible and advertised mostly by malicious agents, to build and enable something of value on great and lasting foundations. I strongly believe Algorand has the best tools (and people) to face what is coming down the road in the not so distant future, and I want to see us succeed. \n\nCompliance with regulations is not just about avoiding legal repercussions. It\'s about building trust and credibility in the market. Algorand, as a blockchain platform, should comply with regulations to ensure its long-term sustainability and growth. Compliance will help Algorand attract more users and serious investors who are wary of the regulatory risks associated with cryptocurrencies. By complying with regulations, Algorand could gain a significant competitive edge in the market.\n\nMoreover, the U.S. Department of the Treasury\'s Illicit Finance Risk Assessment of Decentralized Finance report emphasizes the need for blockchain platforms to mitigate illicit finance risks. By adhering to regulations, Algorand can demonstrate its commitment, thereby enhancing its reputation and trustworthiness in the eyes of users and regulators alike.\n\nThe Role of the Algorand Foundation\n\nThe Algorand Foundation is instrumental in guiding Algorand towards its goal of becoming a decentralized, self-sovereign agent. The Foundation\'s role includes promoting the use of the Algorand protocol, supporting research and development, and providing guidance on regulatory compliance. The Foundation can help Algorand navigate the regulatory landscape and ensure that it complies with all relevant laws and regulations.\n\nThe Algorand Foundation\'s mission is to promote the long-term success of the Algorand protocol and ecosystem. By guiding Algorand\'s transition from a security to a commodity, the Foundation can help the platform achieve its goal of becoming a public good.\n\nAlgorand\'s Strategy for Regulatory Compliance\n\nAlgorand should adopt a proactive approach to regulatory compliance. This involves closely monitoring regulatory developments, engaging with regulators, and implementing robust compliance procedures. Algorand should also consider its current status as a security and work towards becoming sufficiently decentralized (something Woods also admitted needs further work) to be regarded as a public good (commodity) in the future.\n\nThe SEC\'s arguments and actions against other cryptocurrencies provide valuable insights for Algorand. For instance, the SEC\'s report on The DAO concluded that its tokens were securities, highlighting the (current) importance of the Howey Test in determining whether a digital asset is a security. By understanding and applying the Howey Test, Algorand can assess its current status and take necessary steps to transition from a security to a commodity.\n\nAlgorand\'s Advantage Over Other Blockchains\n\nAlgorand has several advantages that make it well-positioned to achieve its goal of becoming a decentralized, self-sovereign agent. First, Algorand\'s consensus mechanism, Pure Proof-of-Stake (PPoS), ensures that all users have a say in the network\'s governance, promoting decentralization. Second, Algorand\'s design philosophy emphasizes security and scalability, making it a reliable platform for building decentralized applications. Third, Algorand\'s commitment to regulatory compliance sets it apart from many other blockchain platforms that have taken a more adversarial approach to regulation.\n\nAlgorand\'s unique architecture also enables it to provide solutions to some of the challenges facing the crypto industry. For instance, Algorand\'s ability to enable the creation of complex multi-party transactions, such as group payments and circular trades, can revolutionise the financial industry by enabling more efficient and secure transactions.\n\nRegulatory Compliance: The SEC\'s Perspective\n\nThe SEC\'s arguments for regulating cryptocurrencies are primarily centered around protecting investors and maintaining fair and efficient markets. The SEC has made it clear that it considers many cryptocurrencies, particularly Initial Coin Offerings (ICOs), to be securities and therefore subject to federal securities laws. This was highlighted in the SEC\'s report on The DAO.\n\nThe SEC\'s enforcement actions against non-compliant entities further underscore the importance of regulatory compliance. For instance, the SEC\'s Crypto Assets and Cyber Enforcement Action initiative aims to crack down on illicit activities involving digital assets. By complying with SEC regulations, Algorand can avoid enforcement actions and potential legal repercussions.\n\nMoreover, the SEC\'s focus on mitigating illicit finance risks aligns with Algorand\'s commitment to promoting a safe and secure platform. The U.S. Department of the Treasury\'s Illicit Finance Risk Assessment of Decentralized Finance report emphasizes the need for blockchain platforms to implement robust measures to prevent illicit activities. By adhering to these measures, Algorand can demonstrate its commitment to mitigating illicit finance risks and enhancing its credibility in the eyes of regulators.\n\nAlgorand\'s Path to Regulatory Compliance\n\nAlgorand\'s path to regulatory compliance involves understanding and adhering to the SEC\'s regulations. This includes assessing its current status as a security and taking necessary steps to transition to a commodity. Algorand can leverage its unique features, such as its consensus mechanism and design philosophy, to demonstrate its commitment to decentralization and security, which are key factors in the SEC\'s assessment of whether a digital asset is a security.\n\nAlgorand should also engage with regulators and seek their guidance in navigating the regulatory landscape. This proactive approach to regulatory compliance can help Algorand avoid potential legal pitfalls and build a strong relationship with regulators. \n\n\n1. Adherence to Regulatory Compliance: Algorand must ensure strict adherence to regulatory compliance. This includes Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. As per the U.S. Department of the Treasury\'s report, DeFi services often do not implement AML/CFT controls, which allows for instantaneous and pseudonymous transactions. Algorand must ensure that it has robust AML/CFT controls in place to prevent illicit activities.\n2. Decentralization and Security: Algorand\'s Pure Proof-of-Stake (PPoS) consensus mechanism, which ensures equal representation (one ALGO, one vote), can contribute to its path towards becoming a commodity. This mechanism prevents the plutarchic rule of the minority and makes majority attacks uneconomic. It also ensures a high level of decentralization, which is a key requirement for a commodity in the crypto space.\n3. Integration with Traditional Finance (TradFi): Algorand\'s ability to integrate with traditional finance can also contribute to its path towards becoming a commodity. The platform can enable the decentralization of credit rating, increase capital efficiency, and even allow small sovereign nations to issue debt or Central Bank Digital Currencies (CBDCs) on-chain. This integration with TradFi can help Algorand gain wider acceptance and usage.\n4. Innovation and Development of Compliance Solutions: Algorand should also focus on the development of innovative compliance solutions. These could include digital identity technology for identity verification, zero-knowledge proofs for privacy preservation, and smart contract code integrations for risk mitigation. These solutions can help Algorand comply with regulatory requirements while also maintaining user privacy and security.\n5. Engagement with Regulators and the Private Sector: Algorand should actively engage with regulators and the private sector to ensure that its services are in line with current and future regulations. This engagement can also help Algorand understand and address potential illicit finance risks before they arise.\n6. Transparency and Public Engagement: Algorand should maintain a high level of transparency and engage with the public to build trust. This includes being open about its operations, its compliance with regulations, and its plans for the future. \n\n\nThx', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/', '145k58c', [['u/cysec_', 15, '2023-06-10 01:38', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/jnlggkm/', "Historically, has there ever been a case in the US where a security became a commodity?\n\nApart from that, crypto (in the US) would be as good as dead if it really ended up being declared a security. Algos would have to be held at an SEC registered and selected broker (no idea how the path to decentralization would happen in this case), trading would have to happen at selected centralized SEC registered exchanges, DeFi would be as good as dead because you wouldn't know who you were trading with (no way the rest of the world would do KYC) and so on", '145k58c'], ['u/Garywontwin', 12, '2023-06-10 03:43', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/jnlvvi3/', "There is no regulation that Algorand can follow. Some in the US government are trying to get rid of crypto completely they are starting by trying to take down the exchanges. Which tokens they call securities doesn't matter.\n\nCoinbase has been trying to get regulatory clarity for years\n They even sued the SEC to get it a judge agreed with Coinbase and the SEC hasn't responded.", '145k58c']]], ['u/TheteanHighCommand', 'How do countdown clocks tell where a train is going?', 10, '2023-06-10 04:00', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/', 'I just thought about this today when I saw "W 96th St" at Cortlandt, but how do countdown clocks tell where a train is going, when it\'s an Old Technology Train, without CBTC, and during a G.O.? Were the trains fitted with some extra sensors to tell the stations which terminal it\'s going to or is it put into the system manually?', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/', '145njtc', [['u/Sals_Pizzeria', 12, '2023-06-10 04:54', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/jnm4b21/', "They are powered by energy from the foamers who swarm stations to get footage of the G.O in progress. When the foamers screech and run around frantically, they send out waves that change the countdown clocks to show the destination of a rerouted train.\n\nOr... maybe... there's a better explanation that someone else can give.", '145njtc'], ['u/snow-tree_art', 10, '2023-06-10 08:52', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/jnmq3ym/', 'The next train arrival data is constantly being generated from Bluetooth sensors and subway schedules. Creating a file for the countdown clocks (and website) that includes station ids for the entire system. It is then categorized into platforms based on the route, track, and direction from the file. Before being sent to the countdown clocks through the cloud.', '145njtc']]], ['u/wtfCraigwtf', 'Coingate.com disabled BCH payments', 34, '2023-06-10 04:25', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/', "BCH is disabled as a payment method for [coingate.com](https://coingate.com) transactions. Support pages don't mention it. Even if I hypothetically wanted to try using Lightning Notwork, the limit is 0.042 BTC, have fun getting the actual BTC with a $20 fee🙄 [https://support.coingate.com/hc/en-us/articles/4402506647314-What-is-the-Lightning-Network-limit-](https://support.coingate.com/hc/en-us/articles/4402506647314-What-is-the-Lightning-Network-limit-)", 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/', '145o225', [['u/doramas89', 23, '2023-06-10 04:29', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnm1b26/', 'I used to use their site for shopping via gift card codes, but stopped when they moved from requiring 1 confirmation to 3. Absolute nonsense. Take your business elsewhere.', '145o225'], ['u/wtfCraigwtf', 22, '2023-06-10 07:16', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnmig4p/', ">no idea why coingate has a max tx value limit on LN\n\nmaybe because there is no guarantee that your LN transaction will confirm? Or maybe they just don't want the support nightmare of some Maxi shrieking their head off...\n\n$1000 is the LIMIT, how about $20 to send $20? All of this bending over backwards just because Blockstream is trading in floppy disks? I'll pass.", '145o225'], ['u/chainxor', 18, '2023-06-10 10:19', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnmwd1n/', 'Coinsbee supports BCH. \n\nEdit: Coingate will re-enable BCH in a few days. Just got the message. They are not idiots, they know people (except for maxis) hate using BTC because of the fees or the clunkyness of LN.', '145o225'], ['u/ThomasZander', 10, '2023-06-10 20:29', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnoq96v/', "> So what's the point in crypto in this case?\n\npayment processor does NOT imply conversion to fiat. Its possible, but not required. At which point a payment processor is just a great provider of value.", '145o225']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, June 10, 2023', 24, '2023-06-10 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/', '145pwct', [['u/delgrey', 13, '2023-06-10 06:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmdvw2/', 'The alt-reckoning begins.', '145pwct'], ['u/RetardIdiotTrader', 12, '2023-06-10 06:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmeb69/', 'LOL gg crypto', '145pwct'], ['u/RetardIdiotTrader', 12, '2023-06-10 06:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmeonb/', 'Fuck this market', '145pwct'], ['u/NLNico', 20, '2023-06-10 06:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmewgy/', 'BTC still holding up.. bloodbath for most altcoins though.\n\nedit: to be clear, I mean -2% is better than -20% in 1 hour :x', '145pwct'], ['u/Shark_mark', 16, '2023-06-10 06:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmfyhp/', 'Ohhh fuck off.', '145pwct'], ['u/Ne0nbeams', 10, '2023-06-10 07:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnml9gx/', 'Sold most of my remaining coin 2 because i figure if the same kinda shit hits the ERC-20 altcoins, I’d rather not be holding any coin 2 in a bear market, if we flip bull the bigger moves will lag behind BTC anyway. Limit order at 23,9xx set. Looks like a decent entry looking at the 1D over the last year.', '145pwct'], ['u/noeeel', 23, '2023-06-10 08:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmov3h/', 'Highest BTC dominance since 2 years (April 2021).', '145pwct'], ['u/Alywan', 11, '2023-06-10 08:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmp6ds/', 'Room for much more', '145pwct'], ['u/marsh2907', 13, '2023-06-10 09:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmutgn/', 'So are weekends only fake when the price moves up? Buying more this morning.', '145pwct'], ['u/Magikarpeles', 19, '2023-06-10 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmzf1q/', 'Exclusively looking at the weekly chart is so much better for my well-being. Still just a regular red candle, no real drama', '145pwct'], ['u/PatientlyWaitingfy', 24, '2023-06-10 13:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnna1ae/', "Let's see, still in bear market? Check. Price at 25k? Check. Two times the price of last bear market average price of 10k? Check.\n\nDoing good.", '145pwct'], ['u/Westbrook_Level', 35, '2023-06-10 15:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnnkhar/', "Bought back in everything I sold on [May 30](https://www.reddit.com/r/BitcoinMarkets/comments/13vfver/daily_discussion_tuesday_may_30_2023/jm877q3/). Don't want to get greedy. Funds all arrived at the new custodian. Everything went better than expected. This will be my one trade of the year prior to the bull run. Nice increase in my net worth on this one. Fully expect the price to go down more but I don't know that for sure, so time to buy. \n\nhttps://www.tradingview.com/x/UV9aBEpk/\n\nNot sure how much longer I'll be around. Getting about that time to delete my account again for general digital hygiene and safety. And Reddit management is making me not feel great about continuing to use the website. Wish there was something new out there we could go to. Crypto has done me so well and changed my life, for that I am thankful and Reddit taught me so much about it. I wish you guys a lot of luck in the bull run. Keep buying. Keep trading out [soft money](https://fred.stlouisfed.org/series/BOGMBASE) for [hard money](https://bitcoin.org/bitcoin.pdf).", '145pwct'], ['u/AccidentalArbitrage', 16, '2023-06-10 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnntzea/', '>Lowest levels since march\n\nWe are at the lowest levels since June 6th.', '145pwct'], ['u/dopeboyrico', 23, '2023-06-10 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jno0yie/', '[Binance terms of service](https://www.binance.com/en/terms) update:\n\n> Binance has the exclusive authority to determine which Digital Assets are listed on the platform and may add or remove Digital Assets from the platform in its sole discretion, from time to time. If Digital Assets that are no longer listed on the platform remain in your Binance Account beyond a specified period, Binance may in its discretion convert such Digital Assets to a different type of Digital Asset . Binance may also change the order size available for each Digital Asset. In respect of such additions, removals, conversions or amendments, Binance may, but is not obliged to, notify Users in advance and Binance shall have no liability to Users in connection with such additions, removals, conversions or amendments.\n\nWhole lot of delisted altcoins kept on Binance are about to get converted into BNB without people being notified.', '145pwct'], ['u/jarederaj', 11, '2023-06-10 17:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jno5664/', 'Is everyone enjoying their shitcoins?', '145pwct'], ['u/Motrok', 10, '2023-06-10 18:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jno6h0j/', 'I am not, thanks for asking', '145pwct'], ['u/NLNico', 16, '2023-06-10 20:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnoq5nc/', 'Well.. at least we have a bit of volatility.', '145pwct'], ['u/ChadRun04', 10, '2023-06-10 23:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnpid5q/', 'Bottom signal?\n\nWhat happened to calls for 12k?', '145pwct'], ['u/chrisgilesphoto', 11, '2023-06-10 23:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnpimvm/', "I'm not selling until the next post halving bull run. I knew when I bought a few months ago things were potentially unstable so I accept this as is.", '145pwct']]], ['u/Beyonderr', 'Bitcoin dominance is breaking out and at its highest point in 2 years, as alts are breaking down - what is going on?!', 683, '2023-06-10 06:35', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/', "Bitcoin Dominance has been at the highs, approaching 50%. We just broke out of a range that we have been in since April 2021.\n\nhttps://preview.redd.it/gat49afec45b1.png?width=1857&format=png&auto=webp&v=enabled&s=e36f5e1955552351d3017e4c91fa52340cadc23d\n\nThis is because alts are getting absolutely massacred. In the last 24 hours:\n\n* BNB -9%\n* ADA -25%\n* Matic -27%\n* DOT -14%\n* Sol -25%\n* Link -15%\n* Atom -18%\n* Algo -19%\n\nA lot of these alts are hitting multi year lows. Algorand has even hit an all time low.\n\nThis absolutely insane. Meanwhile:\n\n* Bitcoin -2%\n* Ethereum -2%\n\nThere's a TON of liquidations:\n\n\n\nhttps://preview.redd.it/vraevvmbd45b1.png?width=1417&format=png&auto=webp&v=enabled&s=000686eeb607b1c7bb3940f026a53d4ca5f8c0c1\n\nWhat on earth is going on? This is an absolute massacre of my portfolio.\n\nTake a break from the screen if you need, please.", 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/', '145qjj1', [['u/Odlavso', 10, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf0df/', "I'm going to go full degen and sell some ETH to grab some of these cheap prices\n\nATOM at $7.75\n\nDOT is about to go under $4.00\n\nthe only thing holding me back is fear", '145qjj1'], ['u/searchingtruth1', 39, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf1cl/', 'Crazy Pepperonis...that was lightning fast! Its weird that I am numb to it...only regret is not having enough fiat to stock up. Blood in streets makes the big $...I am staying the course.', '145qjj1'], ['u/Kappatalizable', 28, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf2uv/', 'Alt season is over and theyre getting murdered holy shit', '145qjj1'], ['u/colonycom', 19, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf327/', "That's why 70% of my portfolio is BTC and ETH.", '145qjj1'], ['u/marsangelo', 137, '2023-06-10 06:39', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf3pf/', 'Conveniently the 3 down the most were the ones delisted by Robinhood', '145qjj1'], ['u/MadManD3vi0us', 97, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfh55/', 'Look how they massacred my boy.', '145qjj1'], ['u/BoringRecognition', 84, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfie8/', 'I remember back in 2019/2020 or something when we had a flash crash of like 60%. If I remember correctly we had multiple of these. Keep calm carry on', '145qjj1'], ['u/MadManD3vi0us', 82, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfioh/', 'Robinhood was holding big bags', '145qjj1'], ['u/FeOxy', 61, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfitm/', 'Great and i put half of my paycheck yesterday , its brutal , time to forget about crypto for a long time', '145qjj1'], ['u/Playful_Print_7653', 754, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfiww/', 'At least it only happened to every coin in my portfolio.', '145qjj1'], ['u/Imaginary_Scratch_75', 146, '2023-06-10 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfmmj/', 'Back to fckn ramen!', '145qjj1'], ['u/Greenbriarbushwacker', 16, '2023-06-10 06:45', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfpt6/', 'I’ve stopped buying coffees everyday and always bring lunch to work. Just so I have money to invest during the bear', '145qjj1'], ['u/Onnimation', 79, '2023-06-10 06:46', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfqp0/', "Unless you're a gambler, BTC & ETH should always make up most of your portfolio. You can sleep better at night.", '145qjj1'], ['u/FattestLion', 51, '2023-06-10 06:47', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmftxd/', "I was already at Ramen before this. Now I'm switching to grass", '145qjj1'], ['u/Wileyking409', 26, '2023-06-10 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfx70/', 'Better to be 20% down than 99% down', '145qjj1'], ['u/Beyonderr', 11, '2023-06-10 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfxss/', "Same! Stopped drinking alcohol and buying coffees. \n\nThese are juicy prices. Never thought I'd get to buy my favorite projects so low.", '145qjj1'], ['u/Wileyking409', 79, '2023-06-10 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfyjx/', "I'll have a nap for dinner", '145qjj1'], ['u/Elie0_0', 39, '2023-06-10 06:49', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg1w4/', "The only coin we're sure SEC won't deem a security is Bitcoin, just become a Bitcoin maxi lol", '145qjj1'], ['u/Aakarsh_K', 226, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg4zi/', 'BTC maxis are being born.', '145qjj1'], ['u/Beyonderr', 41, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg4zo/', 'I asked for a secure future but I think Gary Gensler misunderstood and by accident called every cryptocurrency in my portfolio a security.', '145qjj1'], ['u/Elie0_0', 10, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg699/', "That takes some talent to know every coin that they could've deemed a security, you should work for SEC", '145qjj1'], ['u/IncompetentSnail', 13, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg6mj/', ">I'm an ALGO fan boy\n\nYou.. you scare me..", '145qjj1'], ['u/Kennyvee98', 12, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg7g8/', 'Easy come, easy go', '145qjj1'], ['u/Beyonderr', 20, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg7j6/', 'A moment of silence for February 2023 - April 2023, the days when we could afford ramen (sometimes with an egg).', '145qjj1'], ['u/Elie0_0', 37, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg8a1/', "When did alt season ever begin, didn't even have that", '145qjj1'], ['u/poyoso', 16, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg902/', 'So glad I swapped all my Matic and Sol for BTC a couple of days ago.', '145qjj1'], ['u/joannew99', 44, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg958/', 'ADA, SOL, MATIC legitimately fell -16% in like 10 minutes.', '145qjj1'], ['u/LeThaLxdARk', 13, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmga3j/', 'Sec is going on', '145qjj1'], ['u/Elie0_0', 21, '2023-06-10 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgjhu/', "For a long time, because I don't think these lawsuits will be over anytime soon, seeing how long Ripple vs SEC has been going on", '145qjj1'], ['u/rikbona', 31, '2023-06-10 06:55', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgkup/', '>what is going on?!\n\nThe industry is remembering us what is all about...\n\n...BTC, it has always been BTC.', '145qjj1'], ['u/dfreinc', 12, '2023-06-10 06:57', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgtpi/', "institutions.\n\nswear people are dumb. when crypto options became a thing. and then futures. alt coins were fucked. \n\ni have alt coins. i think they have utility that might outlast and i haven't sold them since well before 2017 and i will plead ignorance for tax purposes. because i don't know. and they don't fucking know either. \n\nbut if you think the whole crypto market hasn't already been regulated, you're regarded. all the people with all the money know all the people with all the money. and they just make more money.\n\nif you think they didn't buy the shit out of a dip retail was chomping at, you're just silly.", '145qjj1'], ['u/Odlavso', 12, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgxfg/', "r/fasting is the sub you're looking for. \n \nYou can go months with only water", '145qjj1'], ['u/cashpig000', 12, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgxku/', 'Gary targeting your whole strategy. Sorry for your loss..', '145qjj1'], ['u/Beyonderr', 46, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgxye/', '>Look how they massacred all of my boys.\n\nFixed that for you. I had 10 sons but they all got massacred.', '145qjj1'], ['u/ThatSpecialPlace', 12, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgzjv/', "Well at least we aren't down -100% hahah amirite\n\n\n😳", '145qjj1'], ['u/SimbaTheWeasel', 11, '2023-06-10 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh3eo/', 'All alt seasons end in the birth of many Bitcoin maxis', '145qjj1'], ['u/GabeSter', 18, '2023-06-10 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh481/', "I was casually sitting on a Matic flip that was at a Dollar cost average of $.87. Could have sold it at $.94 a week or so ago. Now it's $.60", '145qjj1'], ['u/cashpig000', 21, '2023-06-10 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh66s/', 'Crypto is meant to be LONG term unless you wanna day trade.', '145qjj1'], ['u/Crytch', 12, '2023-06-10 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh75s/', 'BTC maxism confirmed :)', '145qjj1'], ['u/-FLman', 17, '2023-06-10 07:04', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhdc0/', 'More like SEC dominance and Garys got a whip and assless chaps on.', '145qjj1'], ['u/DinoCoiner', 10, '2023-06-10 07:04', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhe2f/', "Good thing I wasn't holding any BTC.", '145qjj1'], ['u/-FLman', 398, '2023-06-10 07:04', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhek6/', 'Good thing you diversified.', '145qjj1'], ['u/SuperAppleLover', 12, '2023-06-10 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhgfz/', 'What if the SEC is buying the dip…', '145qjj1'], ['u/marsangelo', 12, '2023-06-10 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhhbp/', 'Yeah this feels like a Jump/Citadel/Robinhood market selling every alt they have on their books. BTC/ETH really shrugged it off', '145qjj1'], ['u/elysiansaurus', 16, '2023-06-10 07:09', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhvfr/', 'Something definitely happened, we were basically stable/slight decline throughout the day, then boom cliff.', '145qjj1'], ['u/Latter_Box9967', 16, '2023-06-10 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmi8rg/', 'And that means you can put more in, and sleep soundly. \n\nAnd zoom out: even ETH is down against BTC since late 2017/early 2018. \n\n1. Buy bitcoin \n2. Go to the beach.\n\nIf that sounds boring it’s because it’s a sound investment, and it should be boring.', '145qjj1'], ['u/Josefumi12', 11, '2023-06-10 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmi9pa/', 'Altcoins will make us happy by showing their performance when the bull market returns and make us feel empty when it crashes again when the bear market is about to finish. This has happened over and over again during this cycle.', '145qjj1'], ['u/ChemicalGreek', 111, '2023-06-10 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmifpf/', 'BTC/ETH holders are bleeding less during these days to be honest 😅\n\nImagine if you are a ADA/SOL/MATIC holder now. These days are just brutal!', '145qjj1'], ['u/GabeSter', 21, '2023-06-10 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmigsb/', 'But only in Alts that are now securities. \n\n\n\n![gif](giphy\|aOPINgmqpVXNK)', '145qjj1'], ['u/ChemicalGreek', 10, '2023-06-10 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmihep/', 'Or air for dinner 😅', '145qjj1'], ['u/ChemicalGreek', 22, '2023-06-10 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmiirx/', 'Congratz on your new born! 😂', '145qjj1'], ['u/ChemicalGreek', 10, '2023-06-10 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmikmp/', 'The ice age is coming for some alt coins😅', '145qjj1'], ['u/Euphoric-Fly3563', 20, '2023-06-10 07:20', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmissw/', 'Knee jerk reaction to media’s doomsday warning about Crypto.', '145qjj1'], ['u/18476', 11, '2023-06-10 07:22', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmix5n/', 'Buying! None of this bs scares me.', '145qjj1'], ['u/InsaneMcFries', 10, '2023-06-10 07:24', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmj3mk/', 'Which is pretty sad.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Louis Juricic and Sarina Isaacs Investing.com -- Here is your weekly Pro Recap on the biggest headlines out of a big earnings week for tech: reactions to Apple\'s Vision Pro launch; the SEC\'s lawsuit against Coinbase; GM\'s collaboration with Tesla; Amazon Prime\'s coming ad-supported tier; and Netflix\'s win on password-sharing crackdown. InvestingPro subscribers get tech headlines like these in real time. Never miss another market-moving alert . A lackluster response to Apple\'s Vision Pro Wall Street reacted with caution to Apple\'s (NASDAQ:AAPL) launch of its much-anticipated mixed reality headset, Vision Pro, which comes at a higher-than-expected price of $3,499. CFRA, for example, said Although we are impressed by its best-in-class hardware/immersive capabilities, we think AAPL failed to identify why it\'s a must-own device for consumers, at least for now. Still, the company\'s entry into the space and greater engagement from developers will help support adoption and new use cases over time. Goldman Sachs said it is encouraged by long-term growth prospects, "but expect near-term financial contributions to be limited" particularly given the high retail price point and media reports that it may be sold at breakeven. And BofA similarly said it expects that "adoption will take time." Apple shares initially sank on news of the launch but partially recovered, and ended the week down just 0.9%. The stock is up some 45% year to date. Coinbase sued by SEC Cryptocurrency exchange Coinbase (NASDAQ:COIN) took a dive early in the week after it was sued by the Securities and Exchange Commission (SEC) for an alleged breach of U.S. securities rules. “We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” said SEC Chair Gary Gensler in a press release. The exchange is accused of making billions of dollars “unlawfully facilitating the buying and selling of crypto asset securities.” Story continues BofA reiterated its Underperform rating on the stock and said, "[W]e think these latest developments illustrate ongoing regulatory headwinds, which not only could threaten part of [Coinbase]’s business model, but also represent a big management distraction." Meanwhile, Cathie Wood’s Ark Invest increased its stake in the company, as the stock hit near five-month lows. Wood has repeatedly expressed confidence in Coinbase and the broader crypto industry, and has cited a $1 million long-term price target for Bitcoin on the belief that it is an effective inflation hedge. Coinbase shares fell nearly 16% for the week, having lost ground Monday as well after the SEC sued Binance. It\'s still up nearly 60% for the year. General Motors to partake in Tesla\'s charging network General Motors (NYSE:GM) CEO Mary Barra confirmed this week that the company is preparing to integrate the North American Charging Standard (NACS) connector, designed by Tesla (NASDAQ:TSLA), into its EVs beginning in 2025. The announcement, made during a live meeting on Twitter Space with Tesla CEO Elon Musk, mirrors a similar revolution made late last month when neighboring rival Ford Motor (NYSE:F) also announced a collaboration with Musk\'s Tesla. These partnerships allow Ford and GM customers to access the extensive network of Tesla Superchargers. The next day, White House officials handed Tesla another win when they announced that the company’s Superchargers would be eligible to receive a portion of federal funds, amounting in the billions, so long as the chargers also included CCS connections. After the GM news, Wedbush raised its price target on Tesla to $300 from $215, reiterated its "Outperform" rating, and added the shares to the "Wedbush Best Ideas List." GM climbed more than 5% for the week to $36.23. Tesla was up 4% to $244.40, extending an over 117% gain year to date. Amazon to launch ad-supported Prime Video tier: report Amazon (NASDAQ:AMZN) plans to launch an advertising-supported tier of its Prime Video streaming services as part of a move to bolster growth from entertainment, the Wall Street Journal reported Wednesday, citing unnamed sources. Plans to launch an ad-supported tier for its Prime Video streaming service follow similar moves by rivals including Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS) as streaming platforms look for ways to support content spending amid an ongoing battle for dominance. Warner Bros Discovery (NASDAQ:WBD) and Paramount (NASDAQ:PARAA), meanwhile, are reportedly in talks with Amazon to add the ad-based tiers of their streaming services through Amazon’s Prime Video channels. Bank of America analysts believe the ad-supported tier makes sense for Prime Video. "Amazon’s user data, existing relationships with retail advertisers, and extensive ad sales teams provide a competitive advantage for monetizing ad-streaming. Also, tiering may enable Amazon to raise fees on ad-free Prime tiers, which would follow recent fee increases for various Prime and 3P services," it wrote in a client note. The analysts also expect Amazon to continue to lean into video content vs. pulling back in a bid to drive usage. Warner Discovery and Paramount closed the week up 18% and 5%, respectively, following the news. Amazon ended nearly breakeven for the week. Netflix scoops up new subscribers amid password-sharing crackdown Netflix climbed after The Wall Street Journal reported that the crackdown on password sharing in the U.S. delivered a new subscriber windfall in its earliest days. Citing data from Antenna, the WSJ said the streaming giant gained more new U.S. subscriptions between May 25 and May 28, not long after it notified users in the U.S. and other countries of the limits than in any other four-day period since Antenna commenced compiling the data in 2019. The jump in subscribers suggests Netflix’s decision to end password sharing is yielding results. The move to end password sharing means users who share an account outside the same home must pay an extra $7.99 a month to watch. In addition, the number of extra members customers could add to their account is limited, depending on the tier they pay for. Shares rose just under 5% for the week, with year-to-date gains totaling over 40%. Senad Karaahmetovic, Sam Boughedda, Ambar Warrick, and Michael Elkins contributed to this report. Jump on the biggest tech news for your portfolio amid a barrage of market headlines: Always be the first to know with InvestingPro . Related Articles This week in tech: A tepid response to Apple\'s Vision Pro; SEC vs. Coinbase Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.01% Investors rethink recession plays, boosting U.S. stock market laggards', 'By Louis Juricic and Sarina Isaacs\nInvesting.com -- Here is your weekly Pro Recap on the biggest headlines out of a big earnings week for tech: reactions to Apple\'s Vision Pro launch; the SEC\'s lawsuit against Coinbase; GM\'s collaboration with Tesla; Amazon Prime\'s coming ad-supported tier; and Netflix\'s win on password-sharing crackdown.\nInvestingProsubscribers get tech headlines like these in real time.Never miss another market-moving alert.\nWall Street reacted with caution to Apple\'s (NASDAQ:AAPL) launch of its much-anticipated mixed reality headset, Vision Pro, which comes at a higher-than-expected price of $3,499.\nCFRA, for example, said\nAlthough we are impressed by its best-in-class hardware/immersive capabilities, we think AAPL failed to identify why it\'s a must-own device for consumers, at least for now. Still, the company\'s entry into the space and greater engagement from developers will help support adoption and new use cases over time.\nGoldman Sachs said it is encouraged by long-term growth prospects, "but expect near-term financial contributions to be limited" particularly given the high retail price point and media reports that it may be sold at breakeven.\nAnd BofA similarly said it expects that "adoption will take time."\nApple shares initially sank on news of the launch but partially recovered, and ended the week down just 0.9%. The stock is up some 45% year to date.\nCryptocurrency exchange Coinbase (NASDAQ:COIN) took a dive early in the week after it was sued by the Securities and Exchange Commission (SEC) for an alleged breach of U.S. securities rules.\n“We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” said SEC Chair Gary Gensler in a press release.\nThe exchange is accused of making billions of dollars “unlawfully facilitating the buying and selling of crypto asset securities.”\nBofA reiterated its Underperform rating on the stock and said, "[W]e think these latest developments illustrate ongoing regulatory headwinds, which not only could threaten part of [Coinbase]’s business model, but also represent a big management distraction."\nMeanwhile, Cathie Wood’s Ark Invest increased its stake in the company, as the stock hit near five-month lows. Wood has repeatedly expressed confidence in Coinbase and the broader crypto industry, and has cited a $1 million long-term price target for Bitcoin on the belief that it is an effective inflation hedge.\nCoinbase shares fell nearly 16% for the week, having lost ground Monday as well after the SEC sued Binance. It\'s still up nearly 60% for the year.\nGeneral Motors (NYSE:GM) CEO Mary Barra confirmed this week that the company is preparing to integrate the North American Charging Standard (NACS) connector, designed by Tesla (NASDAQ:TSLA), into its EVs beginning in 2025.\nThe announcement, made during a live meeting on Twitter Space with Tesla CEO Elon Musk, mirrors a similar revolution made late last month when neighboring rival Ford Motor (NYSE:F) also announced a collaboration with Musk\'s Tesla.\nThese partnerships allow Ford and GM customers to access the extensive network of Tesla Superchargers.\nThe next day, White House officials handed Tesla another win when they announced that the company’s Superchargers would be eligible to receive a portion of federal funds, amounting in the billions, so long as the chargers also included CCS connections.\nAfter the GM news, Wedbush raised its price target on Tesla to $300 from $215, reiterated its "Outperform" rating, and added the shares to the "Wedbush Best Ideas List."\nGM climbed more than 5% for the week to $36.23. Tesla was up 4% to $244.40, extending an over 117% gain year to date.\nAmazon (NASDAQ:AMZN) plans to launch an advertising-supported tier of its Prime Video streaming services as part of a move to bolster growth from entertainment, the Wall Street Journal reported Wednesday, citing unnamed sources.\nPlans to launch an ad-supported tier for its Prime Video streaming service follow similar moves by rivals including Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS) as streaming platforms look for ways to support content spending amid an ongoing battle for dominance.\nWarner Bros Discovery (NASDAQ:WBD) and Paramount (NASDAQ:PARAA), meanwhile, are reportedly in talks with Amazon to add the ad-based tiers of their streaming services through Amazon’s Prime Video channels.\nBank of America analysts believe the ad-supported tier makes sense for Prime Video.\n"Amazon’s user data, existing relationships with retail advertisers, and extensive ad sales teams provide a competitive advantage for monetizing ad-streaming. Also, tiering may enable Amazon to raise fees on ad-free Prime tiers, which would follow recent fee increases for various Prime and 3P services," it wrote in a client note.\nThe analysts also expect Amazon to continue to lean into video content vs. pulling back in a bid to drive usage.\nWarner Discovery and Paramount closed the week up 18% and 5%, respectively, following the news. Amazon ended nearly breakeven for the week.\nNetflix climbed after The Wall Street Journal reported that the crackdown on password sharing in the U.S. delivered a new subscriber windfall in its earliest days.\nCiting data from Antenna, the WSJ said the streaming giant gained more new U.S. subscriptions between May 25 and May 28, not long after it notified users in the U.S. and other countries of the limits than in any other four-day period since Antenna commenced compiling the data in 2019.\nThe jump in subscribers suggests Netflix’s decision to end password sharing is yielding results.\nThe move to end password sharing means users who share an account outside the same home must pay an extra $7.99 a month to watch. In addition, the number of extra members customers could add to their account is limited, depending on the tier they pay for.\nShares rose just under 5% for the week, with year-to-date gains totaling over 40%.\nSenad Karaahmetovic, Sam Boughedda, Ambar Warrick, and Michael Elkins contributed to this report.\nJump on the biggest tech news for your portfolioamid a barrage of market headlines: Always be the first to know withInvestingPro.\nRelated Articles\nThis week in tech: A tepid response to Apple\'s Vision Pro; SEC vs. Coinbase\nSaudi Arabia stocks lower at close of trade; Tadawul All Share down 0.01%\nInvestors rethink recession plays, boosting U.S. stock market laggards', 'New York, NY --News Direct-- Finance News The cryptocurrency market finally collapsed under the extreme bearish conditions. After the US SEC sued Binance and Coinbase for illegal operation and sale of unregistered securities, major crypto tokens have plummeted over 20% in the span of a few hours. While SEC’s hawkish actions force crypto investors to dump their holdings, a few newly launched tokens continue to see surging interests. The Wall Street Memes token has remained unaffected by the bearishness in the crypto market due to the strength of its community. Similarly, the yPredict and Ecoterra tokens continue to surge throough their presales, indicating potential to outperform the wider market. Crypto Market Crash Leads To Record Outflows, Investors Prepare For Further Correction After showing impressive resiliency, major crypto tokens are now seeing a massive correction following the SEC’s lawsuit against Binance & Coinbase . Bitcoin fell below the $26k level after shedding 4% over the last 24 hours. However, altcoins have faced the major brunt of the market’s bearish outlook. Cardano, Solana and MATIC all entered bear market territory after falling more than 20% over the past day. These are three of the top tokens that have been labelled as unregistered securities in the SEC’s lawsuit. If the SEC is able to prove this in court, it will be a huge setback to the entire crypto industry. Tokens that are unregistered securities have to often deal with suffocating regulation, which ends up deprecating the asset’s value. Michael van de Poppe, the CEO & Founder of MN Trading, believes that future corrections are likely as the total crypto market capitalization fell below the 200-Week Moving Average. Binance & Coinbase continue to see record outflows as they prepare for long-drawn legal battles. Binance founder Chanpeng “CZ” Zhou took to Twitter to tackle some of the FUD in the market. He stated that the narrative that Binance is converting its crypto holding to fiat is indeed false. In fact, Binance’s crypto reserves have increased. Nevertheless, the top exchange will have to score a few legal victories to boost investor confidence. Story continues The crypto market may face a double whammy as the Federal Reserve decided on the next interest rate hike. The recent hike by the Canadian central bank has created doubts in the minds of investors. If the Fed indeed continues their hawkish stance, the crypto market may face another long crypto winter. Wall Street Memes Token Nears $6m, Could it Outperform Doge & Pepe? The Wall Street Memes token has become one of the most attractive buys in the meme coin market. Major meme tokens such as Dogecoin continue to disappoint investors as it fell 13% over the last 24 hours. Similarly, Pepe remains shackled to the overall crypto market as it corrected 21% over the same period. However, the Wall Street Memes token had another dominant day in its presale as it has now raised $5.9 million and is set to breach $6 million in a few hours. The Wall Street Memes group has had a remarkable track record of upending the traditional financial landscape, which received global recognition during the historic GameStop short squeeze. Backed by its incredible brand value and a million strong internet army, the group now looks to combat big money institutions in the crypto space. The WSM group already has an established consumer base in the Web3 space. It sold out its Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. The group has also recently launched its own Bitcoin Ordinal NFTs. This loyal customer base is sure to give a strong boost to the $WSM meme coin. Despite its massive popularity, the project is taking strong steps to further boost user adoption. The entire WSM supply will be available to investors with no cuts for the team or any private sale. Furthermore, investors can grab 50% of the tokens in the presale itself, with 30% of the remaining supply reserved for cool community rewards. 5 lucky degens will also win $10K worth of $WSM tokens through a very generous airdrop. The group launched the Wall Street Memes token under the motto, “Welcome to the revolution”. Interested investors can join this movement by purchasing $WSM tokens either through bank cards or by swapping ETH or USDT tokens. Visit Wall Street Memes Revolutionary AI Trading Platform yPredict Sees Surging Interest with Over $2m Raised The extreme price fluctuations in the current crypto market has forced retail investors to evolve their trading practices. As a result, the AI-backed yPredict trading ecosystem is receiving enormous interest due to its wide range of tools and valuable market insights. The $YPRED token has now raised $2.2 million and is quickly approaching its targeted $2.9 million. The token is currently trading at $0.09 which is set to surge nearly 30% in the next stage of the presale. Investors are jumping on the yPredict bandwagon due to its cutting-edge ecosystem that provides trading solutions for users with all levels of experience. All $YPRED holders are eligible for a lifetime access to the yPredict Predictions tool which consists of accurate price predictions for thousands of crypto assets and securities. Similarly, users can utilise the yPredict Analytics platform to gain valuable market insights on the basis of sentiment analysis, transaction data analysis and pattern recognition. The yPredict Marketplace is the flagship product of the company that allows expert AI/ML developers to publish their cutting-edge predictive modes. Traders can then subscribe to these models and use them to anticipate market volatility. Finally, pro traders can utilise the sophisticated Terminal trading engine to execute trades at a blazing fast speed. Aside from getting lucrative discounts on every yPredict service, the $YPRED holders can also earn up to 45% APY as quarterly staking rewards. Interested investors can acquire the token by swapping ETH, MATIC or USDT tokens. Alternatively, they can also purchase the tokens through bank cards. Visit yPredict Presale Eco-Friendly Token Ecoterra Pioneering Recylce2Earn, Tier-1 Listings Next? Mainstream investors gripe about the polluting nature of tokens such as Bitcoin and the lack of alternative eco-friendly solutions. Fortunately, Ecoterra is using an innovative approach to blockchain technology and tokenomics to tackle anthropogenic climate change. The project incentivizes individuals and corporations to play their role in reversing the adverse impact of global warming. For example, it allows major corporations to build an eco-friendly reputation by simply purchasing recycled products at a cheap cost. Companies in the fields of tech, apparel industry, consumer goods, etc. can earn a ton of social credit while also creating a demand for recycled goods. Similarly, individuals can earn Ecoterra tokens by simply recycling waste products through the project’s recycle2earn application. They can also receive lucrative $ECOTERRA rewards by paying their green energy bills through the app. The project has also partnered with leading climate action organisation Verra to provide effective carbon offset solutions. Users can easily reduce their carbon footprints at minimal costs. Due to Ecoterra’s significant real-world value and its crucial role in changing the mainstream perception of the crypto industry, it becomes a likely candidate for a Tier-1 listing. Investors can purchase the token through bank cards or by swapping ETH or USDT tokens in exchange for it. Visit Ecoterra Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown [email protected] View source version on newsdirect.com: https://newsdirect.com/news/crypto-prices-crash-but-traders-think-these-tokens-will-be-winners-103020274', 'New York, NY --News Direct-- Finance News The cryptocurrency market finally collapsed under the extreme bearish conditions. After the US SEC sued Binance and Coinbase for illegal operation and sale of unregistered securities, major crypto tokens have plummeted over 20% in the span of a few hours. While SEC’s hawkish actions force crypto investors to dump their holdings, a few newly launched tokens continue to see surging interests. The Wall Street Memes token has remained unaffected by the bearishness in the crypto market due to the strength of its community. Similarly, the yPredict and Ecoterra tokens continue to surge throough their presales, indicating potential to outperform the wider market. Crypto Market Crash Leads To Record Outflows, Investors Prepare For Further Correction After showing impressive resiliency, major crypto tokens are now seeing a massive correction following the SEC’s lawsuit against Binance & Coinbase . Bitcoin fell below the $26k level after shedding 4% over the last 24 hours. However, altcoins have faced the major brunt of the market’s bearish outlook. Cardano, Solana and MATIC all entered bear market territory after falling more than 20% over the past day. These are three of the top tokens that have been labelled as unregistered securities in the SEC’s lawsuit. If the SEC is able to prove this in court, it will be a huge setback to the entire crypto industry. Tokens that are unregistered securities have to often deal with suffocating regulation, which ends up deprecating the asset’s value. Michael van de Poppe, the CEO & Founder of MN Trading, believes that future corrections are likely as the total crypto market capitalization fell below the 200-Week Moving Average. Binance & Coinbase continue to see record outflows as they prepare for long-drawn legal battles. Binance founder Chanpeng “CZ” Zhou took to Twitter to tackle some of the FUD in the market. He stated that the narrative that Binance is converting its crypto holding to fiat is indeed false. In fact, Binance’s crypto reserves have increased. Nevertheless, the top exchange will have to score a few legal victories to boost investor confidence. Story continues The crypto market may face a double whammy as the Federal Reserve decided on the next interest rate hike. The recent hike by the Canadian central bank has created doubts in the minds of investors. If the Fed indeed continues their hawkish stance, the crypto market may face another long crypto winter. Wall Street Memes Token Nears $6m, Could it Outperform Doge & Pepe? The Wall Street Memes token has become one of the most attractive buys in the meme coin market. Major meme tokens such as Dogecoin continue to disappoint investors as it fell 13% over the last 24 hours. Similarly, Pepe remains shackled to the overall crypto market as it corrected 21% over the same period. However, the Wall Street Memes token had another dominant day in its presale as it has now raised $5.9 million and is set to breach $6 million in a few hours. The Wall Street Memes group has had a remarkable track record of upending the traditional financial landscape, which received global recognition during the historic GameStop short squeeze. Backed by its incredible brand value and a million strong internet army, the group now looks to combat big money institutions in the crypto space. The WSM group already has an established consumer base in the Web3 space. It sold out its Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. The group has also recently launched its own Bitcoin Ordinal NFTs. This loyal customer base is sure to give a strong boost to the $WSM meme coin. Despite its massive popularity, the project is taking strong steps to further boost user adoption. The entire WSM supply will be available to investors with no cuts for the team or any private sale. Furthermore, investors can grab 50% of the tokens in the presale itself, with 30% of the remaining supply reserved for cool community rewards. 5 lucky degens will also win $10K worth of $WSM tokens through a very generous airdrop. The group launched the Wall Street Memes token under the motto, “Welcome to the revolution”. Interested investors can join this movement by purchasing $WSM tokens either through bank cards or by swapping ETH or USDT tokens. Visit Wall Street Memes Revolutionary AI Trading Platform yPredict Sees Surging Interest with Over $2m Raised The extreme price fluctuations in the current crypto market has forced retail investors to evolve their trading practices. As a result, the AI-backed yPredict trading ecosystem is receiving enormous interest due to its wide range of tools and valuable market insights. The $YPRED token has now raised $2.2 million and is quickly approaching its targeted $2.9 million. The token is currently trading at $0.09 which is set to surge nearly 30% in the next stage of the presale. Investors are jumping on the yPredict bandwagon due to its cutting-edge ecosystem that provides trading solutions for users with all levels of experience. All $YPRED holders are eligible for a lifetime access to the yPredict Predictions tool which consists of accurate price predictions for thousands of crypto assets and securities. Similarly, users can utilise the yPredict Analytics platform to gain valuable market insights on the basis of sentiment analysis, transaction data analysis and pattern recognition. The yPredict Marketplace is the flagship product of the company that allows expert AI/ML developers to publish their cutting-edge predictive modes. Traders can then subscribe to these models and use them to anticipate market volatility. Finally, pro traders can utilise the sophisticated Terminal trading engine to execute trades at a blazing fast speed. Aside from getting lucrative discounts on every yPredict service, the $YPRED holders can also earn up to 45% APY as quarterly staking rewards. Interested investors can acquire the token by swapping ETH, MATIC or USDT tokens. Alternatively, they can also purchase the tokens through bank cards. Visit yPredict Presale Eco-Friendly Token Ecoterra Pioneering Recylce2Earn, Tier-1 Listings Next? Mainstream investors gripe about the polluting nature of tokens such as Bitcoin and the lack of alternative eco-friendly solutions. Fortunately, Ecoterra is using an innovative approach to blockchain technology and tokenomics to tackle anthropogenic climate change. The project incentivizes individuals and corporations to play their role in reversing the adverse impact of global warming. For example, it allows major corporations to build an eco-friendly reputation by simply purchasing recycled products at a cheap cost. Companies in the fields of tech, apparel industry, consumer goods, etc. can earn a ton of social credit while also creating a demand for recycled goods. Similarly, individuals can earn Ecoterra tokens by simply recycling waste products through the project’s recycle2earn application. They can also receive lucrative $ECOTERRA rewards by paying their green energy bills through the app. The project has also partnered with leading climate action organisation Verra to provide effective carbon offset solutions. Users can easily reduce their carbon footprints at minimal costs. Due to Ecoterra’s significant real-world value and its crucial role in changing the mainstream perception of the crypto industry, it becomes a likely candidate for a Tier-1 listing. Investors can purchase the token through bank cards or by swapping ETH or USDT tokens in exchange for it. Visit Ecoterra Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown [email protected] View source version on newsdirect.com: https://newsdirect.com/news/crypto-prices-crash-but-traders-think-these-tokens-will-be-winners-103020274', 'The Securities and Exchange Commission cracked down on the biggest names in the cryptocurrency world last week. First it accused the world’s largest crypto exchange , Binance ( BUSD-USD ), of violating securities laws, mishandling customer funds, inflating trading volumes and misleading investors. One day later it sued the largest US crypto exchange , Coinbase ( COIN ), for allegedly ignoring requirements to register with the SEC. What does all of this mean for the industry, crypto stocks and digital currencies? Investors have a lot of questions. Yahoo Finance asked experts for some answers. Is this an existential threat? One legal expert said the two new lawsuits pose existential threats to Binance and Coinbase even though the cases are civil and not criminal. "These, obviously, are pretty much life-and-death stakes for these companies,” University of Kentucky securities law professor Alan Kluegel said. That’s because the SEC holds wide authority within American financial markets to shut down trading firms and exchanges, reverse the unlawful sale of unregistered securities to the public and suspend or permanently bar actors from the industry, Kluegel said. If the SEC is successful in its actions against either platform, it can also force them to either stop trading crypto on behalf of American consumers or to set up as registered exchanges and broker-dealers. Brian Armstrong, CEO of Coinbase. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) (PATRICK T. FALLON via Getty Images) Ratings agency Moody’s Investors Service on Thursday changed its outlook on Coinbase from stable to negative, citing "the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows." There will be an early test this week of how serious the SEC’s case is for Binance. The regulator has already asked a federal court to freeze the assets of Binance’s US entity Binance.US, and a hearing is scheduled for Monday on that request. Binance.US said in a Thursday tweet that it was stopping US dollar deposits and that users would soon not be able to withdraw dollars from the exchange. It intends to change to a "crypto-only exchange." Story continues Changpeng Zhao, CEO of Binance. (Photo By Ben McShane/Sportsfile for Web Summit via Getty Images) (Ben McShane via Getty Images) It’s likely that these two lawsuits will take years to reach a resolution. There is, however, an older case that could help set a precedent much sooner. The SEC filed a lawsuit in 2020 against a startup company called Ripple, alleging the sale of its XRP token represented an unregistered securities offering. XRP is now the world’s sixth-largest cryptocurrency. "I don\'t think that this SEC under this leadership necessarily cares whether they win or lose in the courts," Ripple’s chief legal officer Stuart Alderoty said at the Piper Sandler Global Exchange & Fintech Conference on Wednesday. "I think what they are engaging in is a coordinated campaign to essentially destroy the crypto economy in the United States." Cathie Wood, CEO of Ark Invest. (AP Photo/Rebecca Blackwell) (ASSOCIATED PRESS) One investor, Cathie Wood, doesn’t appear worried about the potential impact on Coinbase. Her flagship fund, the ARK Innovation ETF ( ARKK ), bought more than 400,000 shares of Coinbase on Tuesday after the exchange had been sued by the SEC. She has been a longtime proponent of crypto. The scrutiny of Binance was "a good thing longer term for Coinbase," she told Bloomberg. Will Congress write new rules? The good news for investors, perhaps, is that these legal battles could help establish how, and whether, cryptocurrencies are regulated in the US. "We\'ve needed regulatory clarity in the United States for many years now," Moffett Nathanson Partner Lisa Ellis told Yahoo Finance Live. One key area of debate in Washington is whether certain digital currencies are securities or commodities and therefore fall under the oversight of the SEC or the Commodities Futures Trading Commission. "The digital asset regulatory environment in the United States is opaque," said Daniel Stabile, co-chair of Winston & Strawn’s digital asset practice group. "At this point, the best solution is for Congress to sort out the regulatory morass." Earlier this month House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) unveiled a draft discussion bill as a possible framework to regulate cryptocurrency . Rep. Patrick McHenry, R-NC, chairman of the House Financial Services Committee. (AP Photo/Jose Luis Magana) (ASSOCIATED PRESS) The draft bill aims to create clarity around gaps between the rules of the CFTC and the SEC. It also tries to direct what firms need to do to register with the SEC and requires the SEC to write new rules that are customized to govern crypto. The House Financial Services Committee is also working on a new bill pertaining to stablecoins, which are cryptocurrencies linked to a currency like the US dollar. A new discussion bill quietly put out Thursday night incorporates some concerns from Democrats. In the Senate, Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are planning this month to reintroduce sprawling crypto legislation after making some changes to it following the 2022 meltdown of crypto exchange FTX. "There is some semblance of a bipartisan consensus in favor of regulating crypto, and most people feel the collapse of FTX was a wake up call about the urgent need to regulate a status quo that is dangerously deregulated," said House Rep. Ritchie Torres, a Democrat who serves on the House Financial Services Committee. Who is safe from the SEC\'s dragnet? There are thousands of cryptocurrencies. The SEC considers some of these assets to be securities, and therefore under its oversight. That belief is central to its cases against Coinbase and Binance. The SEC alleged last week that 13 crypto assets available to Coinbase customers were “crypto asset securities” that should have been registered, including Solana’s SOL token, Cardano’s ADA token and Polygon’s MATIC token. It said Binance had been offering 12 coins without registering them as securities. If the courts uphold the SEC’s arguments, a number of digital currencies may not be able to trade on exchanges. One prominent online brokerage is already responding to the SEC’s actions. Robinhood Markets ( HOOD ) on Friday announced it would no longer allow trading of SOL, ADA or MATIC as of June 27. Robinhood currently allows trading in 15 crypto currencies, including bitcoin ( BTC ), ether ( ETH ) and dogecoin ( DOGE ). The values of SOL, ADA and MATIC slid by double-digit percentages Saturday, a sign of nervousness among investors. Bitcoin was also down Saturday, as was ether. The SEC could also still go after other crypto exchanges that allowed investors to trade the tokens at issue. Some exchanges have already been a target of the SEC. US crypto currency exchange Kraken paid $30 million in fines to settle SEC charges in February, for allegedly violating securities rules by failing to register its crypto asset staking program. One exchange based in Singapore, Crytpo.com, said Friday that it would shut down its institutional exchange service for US customers due to "limited demand" in "the current market landscape." It was unclear if the move was at all related to the SEC\'s campaign. There is one big exception to the SEC’s securities dragnet: bitcoin, the world\'s largest cryptocurrency. "The SEC has been extremely clear. Bitcoin is not a security," Steven Lubka, managing director of Swan Bitcoin, told Yahoo Finance. "We’re very, very confident that never changes." Securities and Exchange Commission Chair Gary Gensler. (AP Photo/Jacquelyn Martin) (ASSOCIATED PRESS) The Howey Test The SEC\'s framework for evaluating digital assets as securities relies on the so-called Howey Test. This test has its origins in a 1946 Supreme Court case dealing with tracts of Florida orange groves sold by W.J. Howey Co. and leased back to the company. The Supreme Court labeled these leaseback deals as investment contracts, meaning they needed to be registered with the SEC. It also defined what constituted a security: "an investment of money in a common enterprise with profits to come solely from the efforts of others." The SEC still uses that measure today. Bitcoin, its defenders say, doesn\'t meet that test because it was created by anonymous software developer Satoshi Nakamoto in January 2009 as an open-source concept. SEC Chair Gary Gensler as well as former Chair Jay Clayton have indicated in numerous public comments they do not believe bitcoin is a security. "It\'s not," Gensler reiterated on Wednesday. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance', 'The Securities and Exchange Commission cracked down on the biggest names in the cryptocurrency world last week.\nFirstit accused the world’s largest crypto exchange, Binance (BUSD-USD), of violating securities laws, mishandling customer funds, inflating trading volumes and misleading investors.\nOne day laterit sued the largest US crypto exchange, Coinbase (COIN), for allegedly ignoring requirements to register with the SEC.\nWhat does all of this mean for the industry, crypto stocks and digital currencies?\nInvestors have a lot of questions. Yahoo Finance asked experts for some answers.\nOne legal expert said the two new lawsuits pose existential threats to Binance and Coinbase even though the cases are civil and not criminal.\n"These, obviously, are pretty much life-and-death stakes for these companies,” University of Kentucky securities law professor Alan Kluegel said.\nThat’s because the SEC holds wide authority within American financial markets to shut down trading firms and exchanges, reverse the unlawful sale of unregistered securities to the public and suspend or permanently bar actors from the industry, Kluegel said.\nIf the SEC is successful in its actions against either platform, it can also force them to either stop trading crypto on behalf of American consumers or to set up as registered exchanges and broker-dealers.\nRatings agency Moody’s Investors Service on Thursday changed its outlook on Coinbase from stable to negative, citing "the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows."\nThere will be an early test this week of how serious the SEC’s case is for Binance. The regulator has already asked a federal court to freeze the assets of Binance’s US entity Binance.US, and a hearing is scheduled for Monday on that request.\nBinance.US said in a Thursday tweet that it was stopping US dollar deposits and that users would soon not be able to withdraw dollars from the exchange. It intends to change to a "crypto-only exchange."\nIt’s likely that these two lawsuits will take years to reach a resolution.\nThere is, however, an older case that could help set a precedent much sooner. The SEC filed a lawsuit in 2020 against a startup company called Ripple, alleging the sale of its XRP token represented an unregistered securities offering. XRP is now the world’s sixth-largest cryptocurrency.\n"I don\'t think that this SEC under this leadership necessarily cares whether they win or lose in the courts," Ripple’s chief legal officer Stuart Alderoty said at the Piper Sandler Global Exchange & Fintech Conference on Wednesday. "I think what they are engaging in is a coordinated campaign to essentially destroy the crypto economy in the United States."\nOne investor, Cathie Wood, doesn’t appear worried about the potential impact on Coinbase. Her flagship fund, the ARK Innovation ETF (ARKK),bought more than 400,000 shares of Coinbase on Tuesdayafter the exchange had been sued by the SEC. She has been a longtime proponent of crypto.\nThe scrutiny of Binance was "a good thing longer term for Coinbase," she told Bloomberg.\nThe good news for investors, perhaps, is that these legal battles could help establish how, and whether, cryptocurrencies are regulated in the US.\n"We\'ve needed regulatory clarity in the United States for many years now," Moffett Nathanson Partner Lisa Ellis told Yahoo Finance Live.\nOne key area of debate in Washington is whether certain digital currencies are securities or commodities and therefore fall under the oversight of the SEC or the Commodities Futures Trading Commission.\n"The digital asset regulatory environment in the United States is opaque," said Daniel Stabile, co-chair of Winston & Strawn’s digital asset practice group. "At this point, the best solution is for Congress to sort out the regulatory morass."\nEarlier this month House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA)unveiled a draft discussion bill as a possible framework to regulate cryptocurrency.\nThe draft bill aims to create clarity around gaps between the rules of the CFTC and the SEC. It also tries to direct what firms need to do to register with the SEC and requires the SEC to write new rules that are customized to govern crypto.\nThe House Financial Services Committee is also working on anew bill pertaining to stablecoins, which are cryptocurrencies linked to a currency like the US dollar.A new discussion bill quietly put out Thursday night incorporates some concerns from Democrats.\nIn the Senate, Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are planning this month to reintroduce sprawling crypto legislation after making some changes to it following the 2022 meltdown of crypto exchange FTX.\n"There is some semblance of a bipartisan consensus in favor of regulating crypto, and most people feel the collapse of FTX was a wake up call about the urgent need to regulate a status quo that is dangerously deregulated," said House Rep. Ritchie Torres, a Democrat who serves on the House Financial Services Committee.\nThere are thousands of cryptocurrencies. The SEC considers some of these assets to be securities, and therefore under its oversight. That belief is central to its cases against Coinbase and Binance.\nThe SEC alleged last week that 13 crypto assets available to Coinbase customers were “crypto asset securities” that should have been registered, including Solana’s SOL token, Cardano’s ADA token and Polygon’s MATIC token. It said Binance had been offering 12 coins without registering them as securities.\nIf the courts uphold the SEC’s arguments, a number of digital currencies may not be able to trade on exchanges.\nOne prominent online brokerage is already responding to the SEC’s actions. Robinhood Markets (HOOD) on Friday announced it would no longer allow trading of SOL, ADA or MATIC as of June 27. Robinhood currently allows trading in 15 crypto currencies, including bitcoin (BTC), ether (ETH) and dogecoin (DOGE).\nThe values of SOL, ADA and MATIC slid by double-digit percentages Saturday, a sign of nervousness among investors. Bitcoin was also down Saturday, as was ether.\nThe SEC could also still go after other crypto exchanges that allowed investors to trade the tokens at issue.\nSome exchanges have already been a target of the SEC. US crypto currency exchangeKraken paid $30 million in fines to settle SEC chargesin February, for allegedly violating securities rules by failing to register its crypto asset staking program.\nOne exchange based in Singapore, Crytpo.com, said Friday that it would shut down its institutional exchange service for US customers due to "limited demand" in "the current market landscape." It was unclear if the move was at all related to the SEC\'s campaign.\nThere is one big exception to the SEC’s securities dragnet: bitcoin, the world\'s largest cryptocurrency.\n"The SEC has been extremely clear. Bitcoin is not a security," Steven Lubka, managing director of Swan Bitcoin, told Yahoo Finance. "We’re very, very confident that never changes."\nThe SEC\'sframework for evaluating digital assets as securitiesrelies on the so-called Howey Test. This test has its origins in a 1946 Supreme Court case dealing with tracts of Florida orange groves sold by W.J. Howey Co. and leased back to the company.\nThe Supreme Court labeled these leaseback deals as investment contracts, meaning they needed to be registered with the SEC. It also defined what constituted a security: "an investment of money in a common enterprise with profits to come solely from the efforts of others."\nThe SEC still uses that measure today. Bitcoin, its defenders say, doesn\'t meet that test because it was created by anonymous software developer Satoshi Nakamoto in January 2009 as an open-source concept.\nSEC Chair Gary Gensler as well as former Chair Jay Clayton have indicated in numerous public comments they do not believe bitcoin is a security.\n"It\'s not," Gensler reiterated on Wednesday.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance', 'Illustration by Mitchell Preffer for Decrypt Many leading cryptocurrencies plummeted in price this week after the United States Securities and Exchange Commission launched high-profile enforcement actions against cryptocurrency exchange titans Binance and Coinbase for allegedly violating securities laws. The coins worst affected by the news were Solana, Polygon and Cardano , which were all labeled as securities offerings in the SEC’s Binance lawsuit. Needless to say, it was a phenomenally busy week on the world’s favorite microblogging platform as people digested the news. Here’s how this pivotal week played out on Crypto Twitter. On Monday, self-styled crypto sleuth @Leerzeit made an interesting observation. It should be noted here that former SEC director Bill Hinman in 2018 delivered a speech in which he explained his reasoning for why Bitcoin and Ethereum should not be considered securities. The @SECGov has now removed Bill Hinman\'s biography from its website. Getting ready to throw him under the bus. pic.twitter.com/O7HCUGWSgt — Mr. Huber🔥🦅🔥 (@Leerzeit) June 5, 2023 Hinman’s speech recently became the subject of the SEC’s lawsuit against XRP progenitor Ripple, which was sued by the regulator for offering unlicensed securities. A court recently blocked the SEC’s motion to block access to documents related to this speech, saying the material was “subject to a strong presumption of public access.” On Monday, the SEC sued Binance and in its filing listed several altcoins as securities. User @0xMert_ said the news was an industry call to arms. seems the SEC thinks Solana, Cardano, Polygon, Cosmos, Algorand etc are ALL securities this gets Coinbase, Robinhood etc involved as well time to put the interchain bullsht aside and unite against the war on crypto the SEC is unhinged and must be stopped pic.twitter.com/Win17xRJOP — lightspeed mert \| helius.dev (@0xMert_) June 5, 2023 Cardano creator Charles Hoskinson shared his two cents on the enforcement action in a lengthy tweet that was endorsed by Binance CEO Changpeng “CZ” Zhao. Story continues 🙏 "a perfect opportunity for the entire industry to set aside it\'s fragmented nature and unite for a common sense set of rules and guidelines" — CZ 🔶 Binance (@cz_binance) June 5, 2023 Web3 law pundit James Murphy (a.k.a. MetaLawMan) wrote a thread about how the SEC’s complaint provided closure to an unresolved plot thread from 2021. 1/ The SEC complaint against @Binance appears to solve the mystery of why Brian Brooks abruptly resigned as CEO of @BinanceUS in 2021. CZ allegedly reneged on promises that Brooks would be given autonomy to run https://t.co/reBq6K7KAs independently from @Binance . — MetaLawMan (@MetaLawMan) June 5, 2023 On Tuesday, CZ apparently needed some public validation, and most of his followers obliged. Who protects you more? — CZ 🔶 Binance (@cz_binance) June 6, 2023 Also that day, CNBC host Jim Cramer tried fanning the flames of a bank run on Binance, attracting comment from not one but two crypto CEOs. 🙏 we will see soon enough. — CZ 🔶 Binance (@cz_binance) June 6, 2023 Former Twitter co-founder/CEO and current Square CEO Jack Dorsey tweeted a controversial opinion about Ethereum. Yes. https://t.co/PrMx7yugsU — jack (@jack) June 6, 2023 Coinbase hit back against the SEC’s enforcement action on Tuesday with some counter propaganda with a natty bassline. The numbers don\'t lie. pic.twitter.com/lec4wkp6RO — Coinbase 🛡️ (@coinbase) June 6, 2023 Some revealing banter was passed between CZ and Gemini co-found Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $500,604,948,938 - Hash Rate: 415140266.2692028 - Transaction Count: 399201.0 - Unique Addresses: 561469.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The bitcoin mining hashrate, a measure of computing power on the network, will likely decline dramatically a year from now, once rewards are halved. Roughly every four years, the reward for successfully mining a bitcoin block is cut in half. This event, known as the halving , reduces inflationary pressure on bitcoin. Currently, rewards are 6.25 BTC per block ($170,000) and in April 2024 they will be reduced to 3.125 BTC per block ($85,000). Currently, publicly listed miners mine at a cost of $10,000-$15,000 per bitcoin, said Wolfie Zhao, head of research at mining consultancy Blocksbridge. Once the halving happens, these costs will double, bringing miners breakeven point to $20,000-$30,000. If bitcoin isnt seriously above $30,000, many of them could be mining at a gross loss, he said. Wall Street giant JPMorgan predicted the cost to mine bitcoin could rise as high as $40,000 after the halving. With such a high cost of mining and absent any significant rally in the price of bitcoin, only the most cost efficient miners will survive, while others will be forced to shut down their operations. Energy cost and equipment efficiency will determine winners and losers post halving, said Kerri Langlais, chief strategy officer at bitcoin miner TeraWulf (WULF). Operators with higher production costs per bitcoin will have a more difficult time surviving the halving. According to data compiled by Zhao , Stronghold Digital Mining (SDIG), Cipher Mining (CIFR) and Riot Platforms (RIOT) have the lowest costs of production, with Stronghold at $8,200, Cipher at $8,600 and Riot at $10,400 per bitcoin in the first quarter. Efficiency matters Considering that margins are likely to shrink, miners have begun strategizing on capital preservation, fleet efficiency, and diversification, investment bank Stifels analyst Bill Papanastasiou wrote in a note in late May. Broadly speaking, the industry has turned its focus to the efficiency of operations and machines, as opposed to simply bringing as much hashrate online as possible, which was the case during the bull market of 2021. Story continues Read more: A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes Once the hashrate sees a large drop off immediately after the halving, we will see very slow growth the following months as the efficient machines replace older machines, and machines change hands to lowest cost operators, said Ethan Vera, chief operating officer at mining services firm Luxor Technologies. New investments Moreover, investments in new machines have been measured, Papanastasiou said, given the uncertainty over the economics of mining for the upcoming year. The mining business already comes with a high cost of capital relative to other industries, double that of the precious metals sector, according to Luxor Technologies analyst Jaran Mellerud . The lack of investment might seem counterintuitive considering that hashrate and difficultya measure of how easily miners can discover a block of bitcoin has been consistently increasing in the past few months, despite the crypto bear market. Both metrics, key measures for the miners profitability, have been setting new all-time highs throughout 2023. Read more: Bitcoin Mining Difficultys Record Setting Streak Shows No Signs of Stopping However, the rising hashrate can reflect economic conditions of several months ago. Because mining facilities and equipment take several months to be developed, the hashrate growth largely reflects investments made in previous periods. Still, discussions for new developments have seen an uptick in 2023, said B Riley analyst Lucas Pipes in a note to investors. Investment in new buildings is subdued compared to 2021 levels, but relative to the autumn of 2022, when bitcoin prices were in their lows of around $15,000, the situation has improved for the industry. A rally in the price of bitcoin or a major slump in energy prices could boost miners profitability, such that they dont have to power off after the halving. Bloomberg Intelligence and Matrixport said that the halving has the potential to supercharge the price of bitcoin by as much as 81%. Historically, the rise in the price of BTC has outpaced the impact of the halving. Time will tell what happens in this cycle, said Langlais.... - Reddit Posts (Sample): [['u/buttcoin_lol', 'Why this time is different: no fiat on/off ramps means no financial future for crypto', 28, '2023-06-11 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/', "I've been hodling for years and this is the only time that scares me.\n\nI'm specifically talking about the SEC cutting Binance off from USD transfers.\n\nEvery other crisis before I know I could ride out, because I know sentiment is cyclical and prices recover in the long run. I can wait out bear markets and whatever FUD, no problem.\n\nThis time is different because now, I can't rely on an exchange to exist at the end of my long-term hodling to be there to cash out. I'm not one of those people who think BTC will replace fiat and we're all going to transact in crypto. No, the IRS is not going to accept BTC for taxes, ever. McDonald's is not going to. I can't buy a house with crypto. \n\nEven if I wait long enough and BTC is worth $1 million, it's useless to me if there are no exchanges or banks around anymore willing to mess with the government to give me those dollars.\n\nThe SEC is not going to stop with Binance. Coinbase is next, then Kraken, and they will drive out the common ways for people to cash out, until we have to use small sketchy sites based in Bermuda or wherever.\n\nCoinbase can put up a fight. It doesn't matter because their banking partners won't. Banks will cut ties to avoid the risk of being near crypto, and make money somewhere safer.\n\nTell me how crypto can be a good investment seeing how the entire asset class is going to be blacklisted and cut off from the US financial system.", 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/', '146dkt0', [['u/jebelsbemdisbe', 11, '2023-06-11 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnppnoy/', 'Sell me your coins then', '146dkt0'], ['u/StonedRex', 19, '2023-06-11 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnppp0w/', 'We can still do P2P sales of crypto. Or you can go to a country that is not the US and cash out your crypto.', '146dkt0'], ['u/Onnimation', 63, '2023-06-11 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpps2s/', 'Remember there was also a time when alcohol and weed was banned in the US and look what happened.', '146dkt0'], ['u/ZelWinters1981', 12, '2023-06-11 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpptna/', "It's not just the US. Binance has cut direct FIAT transfers in Australia too.", '146dkt0'], ['u/Einsatzpause', 47, '2023-06-11 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpq7ow/', "There are more countries than the USA.\n\nIt sucks for you guys, you've got elections coming up next year. Maybe you should give your vote to a candidate who is more crypto friendly.", '146dkt0'], ['u/Onnimation', 19, '2023-06-11 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnprd14/', 'Unless you ban the internet, people can always trade crypto.', '146dkt0'], ['u/VileNonShitter', 13, '2023-06-11 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnprjxj/', 'Physical products and services are your on/off ramp, just as Satoshi planned.', '146dkt0'], ['u/StoryPale', 287, '2023-06-11 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnprm7a/', "The world is much bigger than the US, it's really unfortunate this is happening since US was a crypto haven for a long time but gotta move on.", '146dkt0'], ['u/Therowerr', 13, '2023-06-11 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpsoij/', 'Exactly, other countries can still adopt crypto...', '146dkt0'], ['u/easer888', 14, '2023-06-11 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpsymk/', 'Every time and cycle its the same, people freaking out because there is dropping hard, but eventually goes UP!\n\nprobably all this FUD will convert into FOMO middle of next year', '146dkt0'], ['u/bccrz_', 44, '2023-06-11 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnptr2x/', 'Bitcoin isn’t in danger since it’s a commodity. As long as there are on-ramps to BTC, there can be indirect on-ramps to other cryptocurrencies, right?', '146dkt0'], ['u/burn-slippy', 21, '2023-06-11 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpu0fe/', 'All this regulation, US is setting up for the introduction of thier cbdc. Nigeria has already done this and their eNaira failed with a user rate of 0.05% of population while crypto use is still aprox 32%. Goverments that are a democracy will always struggle to gain adoption from citizens through choice. I would start worring when goverments start changing laws to make cbdc the sole legal tender for their country.', '146dkt0'], ['u/Savik519', 13, '2023-06-11 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpubs0/', 'First they ignore you\n\nThen they laugh at you\n\nThen they fight you\n\nThen Bitcoin wins.', '146dkt0'], ['u/Savik519', 40, '2023-06-11 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpv6p4/', 'Same with gold…', '146dkt0'], ['u/Buttsydon1', 21, '2023-06-11 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpwujo/', 'Cash out for £ on a exchange in uk an swap £ for $ to cash out.', '146dkt0'], ['u/Odysseus_Lannister', 11, '2023-06-11 01:59', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpxmol/', 'Yeah I’m still not voting for desantis even if that means crypto dies in my country. Hello cold storage and VPNs then.', '146dkt0'], ['u/Radiologer', 13, '2023-06-11 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpy6z1/', 'Are the stores that accept crypto for goods and services in the room with us now?', '146dkt0'], ['u/Baecchus', 38, '2023-06-11 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpy7lz/', "People don't seem to understand this.\n\nWorst case scenario: BTC is safe. Altcoins aren't.\n\nBTC will continue to get adopted by institutions and users. Altcoins might not.\n\nNothing about BTC has changed.", '146dkt0'], ['u/Baecchus', 17, '2023-06-11 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpyhz6/', "The thing is the US has the biggest influence and share on Crypto by far and whatever happens in the US will reflect everywhere else.\n\nYou can expect most other countries to follow in their footsteps. I don't like it, I'm just saying it like it is.", '146dkt0'], ['u/Baecchus', 13, '2023-06-11 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpz2r7/', 'Lightning network. \n\nWhat do 99% of these altcoins do outside of luring in naive people to use them as exit liquidity?', '146dkt0'], ['u/vnielz', 19, '2023-06-11 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq0fcy/', 'Imo that influence could shift also as more great crypto companies already find their bases outside the US, also BRICS getting stronger, and innovation rapidly grows in Asia and africa too.\n\nTime will tell i guess', '146dkt0'], ['u/Machete521', 15, '2023-06-11 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq19sm/', 'ABSOLUTE worst case? Peer to peer.', '146dkt0'], ['u/Eww_vegans', 44, '2023-06-11 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq1etz/', 'US plus China is 40% of global GDP... Crypto needs liquidity to survive.', '146dkt0'], ['u/apathy420', 10, '2023-06-11 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq2uuk/', 'Yeah… PayPal you can easily convert currency too. I do it all the time as one of my side gigs pays in GBP and I swap for usd.\n\nWhere there’s a will there’s a way :) FU sec and government. Go after the real financial criminals… oh wait that’s the lawmakers and their cronies', '146dkt0'], ['u/Kindly-Wolf6919', 117, '2023-06-11 03:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq50k8/', "Correct. We can thank the US for bringing crypto this far. But it seems like they'll be passing on the torch soon. But I must say, the Caribbean is approaching crypto with a very open mind, as well as Europe. There is hope yet!", '146dkt0'], ['u/ptrnyc', 16, '2023-06-11 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq5siw/', 'Also the EU seems to be wanting to adopt a much more nuanced stance regarding crypto.', '146dkt0'], ['u/fall0ut', 13, '2023-06-11 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq629u/', 'Brics will never take over as a global currency. The world is not going to trust Russia, china, or Brazil. Brics is not getting stronger. Haha', '146dkt0'], ['u/Tehni', 10, '2023-06-11 03:28', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq83rt/', 'Single issue voters is how we turned to fascism in the first place', '146dkt0'], ['u/d_Party_Pooper', 21, '2023-06-11 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq8i7l/', "It's not a fact. Plenty of countries are pro-crypto and anti USD dominance. Time will tell, but future predictions are not fact no matter how inevitable you think they are. I think the US being so (apparently) against this leaves the door open for other opportunists to swoop in and take advantage of the potential of crypto.", '146dkt0'], ['u/vnielz', 10, '2023-06-11 03:37', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq95bu/', 'Brics GDP surpassed the G7 GDP this year while more countries will join Brics. Just saying. \n\nAlso the USD world reserve status is in jeopardy as countries considering to remove their USD contracted oil trades. Thats a huge deal for the US. \n\nThere is a slow and silent power shift ongoing. The Ongoing War industry currently saved the USD so far.', '146dkt0'], ['u/eVoPDX', 134, '2023-06-11 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq9ibz/', 'This is not a ban on crypto. This is a lawsuit for the courts. Sec vs binance/coinbase. Fiat on and off ramps are still in tact. This is just straight FUD.', '146dkt0'], ['u/PhysicalConnection80', 29, '2023-06-11 03:52', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqaw2c/', "Facts 99% on here have no idea what the fuck they are talking about. One company SEC is saying another company Coinbase US. is not playing fair. This is a legal matter. All this FUD is because most of the holders freaking out selling for losses don't understand legal matters.", '146dkt0'], ['u/Baecchus', 20, '2023-06-11 03:55', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqb909/', "Every country is anti anything that threathens their status quo. Crypto is disruptive enough to do just that. It's just not big enough for them to see it as a legitimate threat yet. Maybe we live in different planets because I don't see governments embracing something that gives 100% custody and control to their people.", '146dkt0'], ['u/Baecchus', 10, '2023-06-11 04:00', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqbpdo/', 'They were probably trying to protect their people from those dangerous shiny yellow rocks like they are trying to protect them from Crypto. /s', '146dkt0'], ['u/pibbleberrier', 13, '2023-06-11 04:14', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqdarz/', 'It must be nice to be an American where USA is the only country that exist in earth. \n\nSuch a blissfully ignorant life', '146dkt0'], ['u/conv3rsion', 18, '2023-06-11 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqf9g0/', 'Its not even the worst case, its the title of the white paper.', '146dkt0'], ['u/jhorskey26', 18, '2023-06-11 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqfa2k/', 'I’ve been buying and selling for years and have yet to us a “us exchange”. I live in the US. Sure it’s a pain in the ass and it can be sketchy but you can still buy in and cash out. A lot of ways if you dyor', '146dkt0'], ['u/pizark22', 14, '2023-06-11 04:45', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqgomg/', "They couldn't even stop xrp with no legal on ramp/ off ramp in USA. It's still top 20", '146dkt0'], ['u/valiumonaplane', 16, '2023-06-11 04:46', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqgsgp/', 'Has banning something ever made it go away?', '146dkt0'], ['u/thinkingperson', 25, '2023-06-11 04:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqhr52/', "HK just approved crypto trades in June. China may be using HK as a testbed for the rest of China's market.\n\nAlso, money has a way of finding their way around.", '146dkt0'], ['u/d_Party_Pooper', 14, '2023-06-11 05:07', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqj735/', "The job of the SEC is to kick the can far enough down the road that the existing elite have all the right bits in place to capitalise on the gains. Major corporations and the world's elite aren't setup yet to win with Crypto. As soon as they are all the crypto good news will come out and the push for main stream will happen and by the time everyone's parents are getting onboard the opportunities will be gone. Crypto isn't going anywhere. It's all FUD!", '146dkt0'], ['u/mixmasterpayne', 17, '2023-06-11 05:13', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqjsdh/', 'Qualuuds are hard to get', '146dkt0'], ['u/paxwax2018', 10, '2023-06-11 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnquem6/', 'SEC is not a company.', '146dkt0'], ['u/forgerator', 14, '2023-06-11 07:13', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqvlrh/', 'Not to mention the middle east.', '146dkt0'], ['u/normal_rc', 11, '2023-06-11 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqwfaq/', '> I can’t see China allowing crypto\n\nI can definitely see China, Russia, Iran, etc using crypto to bypass US sanctions & SWIFT. Even if they ban their own citizens from accessing crypto, the governments & megabanks will use crypto in multi-billion dollar cross-border transactions to facilitate trade.', '146dkt0'], ['u/Heatproof-Snowman', 10, '2023-06-11 09:04', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnr4edy/', 'If you are in the US, I’d say most legit crypto-exchanges abroad will avoid you like the plague and won’t let you trade just with a VPN. \n\nUnfortunately US-based users have become radioactive material as they mean the exchange could attract attention from the SEC (even if the exchange itself isn’t based in the US). \n\nI think this will become a similar situation to US persons struggling to find banks or stock brokers willing to accept them outside the US (because US regulation creates too much regulatory burden and risk for foreign financial institutions who onboard US customers).', '146dkt0'], ['u/lock_the_backdoor', 18, '2023-06-11 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnraxmc/', '"99% of people on here have no idea what the fuck they are talking about"\n\nSays SEC is a company.', '146dkt0']]], ['u/fnetma', "The fact Bitcoin doesn't rally on days like today just shows how misunderstood it is.", 51, '2023-06-11 01:15', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/', 'Nothing competes with Bitcoin. Everything will be built on top of Bitcoin. Bitcoin is the exit strategy.', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/', '146e56f', [['u/Umpire_State_Bldg', 50, '2023-06-11 01:18', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnpsstq/', '"History shows it is not\u200b possible to insulate yourself from the consequences of others holding money that is harder than yours." \n\n-- S. Ammous. The Bitcoin Standard', '146e56f'], ['u/IndependentSpeck', 22, '2023-06-11 01:24', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnptign/', "I can't believe people who say that mass adoption is going to take several decades. It's literally only just over ONE decade old and it's already something like the 5th biggest and fastest growing asset in history and only 2% of the world population owns some. It's literally twenty-five THOUSAND times more powerful than the US dollar and the Euro. At that rate of change, I think bitcoin is going to be the number one biggest asset by market capitalization by 2030. That's not even a decade. I'd say that this outlook is delusional less than 10 years ago, but that's the point...it's happening so much faster than anyone could have actually anticipated and it's literally unstoppable.", '146e56f'], ['u/solomonsatoshi', 12, '2023-06-11 01:54', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnpx18b/', 'Interested in how you quantify Bitcoin as being 25,000 times more powerful than the USD and Euro...how do you figure that exactly?', '146e56f'], ['u/joots', 18, '2023-06-11 03:09', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnq5xeh/', 'What happened today?', '146e56f'], ['u/seanagibson', 13, '2023-06-11 03:30', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnq8cq0/', 'Why would it rally today?', '146e56f'], ['u/maximovious', 13, '2023-06-11 06:11', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnqpvs5/', '> days like today\n\nSunday?\n\nWhat else happened?', '146e56f'], ['u/DaBTCStd10yrs', 11, '2023-06-11 11:04', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnrd0mh/', 'hard means hard money (money with really small to no inflation, very high stock-to-flow ratio)\n\na few examples: BTC, Gold', '146e56f']]], ['u/Rogueofoz', 'For the rest of the world', 129, '2023-06-11 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/', "People from the rest of the world, not in the US.\n\nYou do realize that whatever the SEC says in favor or against, doesn't mean a thing to us outside of the US?\n\nIf the US rule it a commodity a security or whatever, doesn't matter, the SEC only affects the US.\n\nChina is starting to open up to crypto (and with the US hating I'm sure they will love it more).\n\nThe EU is starting to regulate them with a much less aggressive approach.\n\nA country in LATAM uses BTC as legal tender!\n\nOutside the US crypto is thriving, if American politics decide to go against crypto, it will only hurt the US, the rest of us will still continue enjoying the fruits of this wonderful innovation.", 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/', '146j9pk', [['u/Givefreehugs', 26, '2023-06-11 05:31', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqlpr4/', 'Litecoin and bitcoin specifically protected by Beijing 8 months ago.\n\nhttps://cointelegraph.com/news/possession-of-bitcoin-still-legal-in-china-despite-the-ban-lawyer-says/amp', '146j9pk'], ['u/ZUZARIX', 17, '2023-06-11 05:32', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqlrzz/', ' Literally hate this narrative. Like everything isn’t run by the us. The problem isn’t “crack on as usual” the issue is if that company has to be looked at completely differently. Knowing that solana IS based in United States. If they have to start changing things this DOES have an effect on everyone else. Stop misinforming peope who should be re evaluating their bags regardless if you hate gensler the Cunt', '146j9pk'], ['u/FattestLion', 11, '2023-06-11 05:33', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqly0w/', 'If everything was up to the bloody U.S. the whole world would be using the USD and there would be no individual currencies', '146j9pk'], ['u/Puking_In_Disgust', 10, '2023-06-11 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqmvcn/', 'It’s true, even if the US government could block out US users entirely (which they can’t), eventually the market would restabilize and everyone who bought after that point would carry on as usual. It’s not an existential threat to virtually any of these protocols, unless the value of the token plummeting itself causes its demise. \n\nHowever, the US represents a disproportionally large portion of the crypto market (and global investment markets in general, for that matter). If it’s significantly less convenient for US investors to invest in crypto, even if it’s not explicitly or effectively outlawed, that’s a lot of money that’s not coming back even in the next bull market. \n\nMuch smaller, newer coins that didn’t have a huge windfall in the last bull market would be less effected, but it would be a lot more difficult for previous highs to be met and surpassed for larger alts who did see peak free investment in the last bull market. \n\nNot to be too apocalyptic, that’s just the worst case scenario people are afraid of. I agree it’s still nothing to piss yourself over, but it’s not nothing either. But that said, that future isn’t written in stone yet. If XRP wins that suit there’s a much better chance of that worst case scenario not coming to pass, and the US market being able to freely participate in the next bull run when it happens.', '146j9pk'], ['u/Wonzky', 15, '2023-06-11 05:43', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqmxqh/', ">You do realize that whatever the SEC says in favor or against, doesn't mean a thing to us outside of the US?\n\nIt does when the coins you hold crash because of SEC announcements", '146j9pk'], ['u/CryptoScamee42069', 141, '2023-06-11 05:44', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqn26j/', 'That is not at all true.\n\nI get the US isn’t the centre of the world and for the record, I’m Australian, but we have to pay attention to the US whether we like it or not.\n\nCrypto is not a standalone system. It’s tied to macroeconomic factors like stock markets, politics and the international monetary system.\n\nWhy is that important? Because the international monetary system is literally US centric. The USD is the global reserve currency.\n\nThe US is at the heart of the UN, NATO and other fora that drive international norms for diplomacy, law and trade.\n\nCrypto investors like to think we’re special. Crypto is different in a lot of ways, but it is not immune to the world around us.\n\nThe US cannot stop crypto, and can’t control it in ways they’d like, but US politics matters. US regulators matter. They wield enormous influence so no matter how you feel about it, it’s worth paying attention to the US context.\n\nHowever, you are right in saying the US is only hurting itself at the moment. We’re all in agreement there.', '146j9pk'], ['u/yuruseiii', 10, '2023-06-11 05:45', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqn77b/', 'What the US sees as a threat, other countries see as opportunity. Ironic, since it used to be the other way round in the past', '146j9pk'], ['u/the_spiritual_eye', 39, '2023-06-11 05:53', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqo24o/', 'Precisely this. I’m also Australian, and I’ve found myself tuning into the Fed rate hike meetings and following what the SEC has been doing more so than anything here in Australia. The last bull rally that saw BTC go from 16-26k was found to be 80% institutional money from the US. They buy in with billions, not thousands. The unfortunate state of crypto right now, is extremely US-centric.', '146j9pk'], ['u/Baecchus', 14, '2023-06-11 06:46', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqt7jn/', "Exactly, thank you. The FED farts and I feel that shit even though I live in the opposite side of the world. Same with the SEC. The US has the biggest share in Crypto and you'll feel that in your bones eventually no matter how much you want to believe otherwise.\n\nAnyone who seriously thinks third world countries adopting Crypto will make up for the US disaster is burying their head in the sand.", '146j9pk'], ['u/Baecchus', 11, '2023-06-11 06:49', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqtgv4/', "I'm shocked by the fact that people still haven't figured this out.\n\nDoesn't matter where you live. The US decides whether your magic internet money thrives or dumps. Third world countries like El Salvador adopting BTC isn't going to make up for the SEC situation.", '146j9pk'], ['u/Lillica_Golden_SHIB', 14, '2023-06-11 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnrcox4/', 'I wouldnt be surprised to see China becoming friendlier to crypto once it understands it can absorb a good part of the capital the US is probably going to lose by going harsh against crypto.', '146j9pk']]], ['u/External-Dark-2942', "Economist Peter Schiff Says the Fed Destroyed US Banking System — 'It's Insolvent' – Economics Bitcoin News", 27, '2023-06-11 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/146jo50/economist_peter_schiff_says_the_fed_destroyed_us/', 'Things are changing, that’s for sure…', 'https://news.bitcoin.com/economist-peter-schiff-says-the-fed-destroyed-us-banking-system-its-insolvent/', '146jo50', [['u/fuckofakaboom', 15, '2023-06-11 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/146jo50/economist_peter_schiff_says_the_fed_destroyed_us/jnqt052/', 'Peter Schiff has predicted 17 of the last 2 market crashes…', '146jo50']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, June 11, 2023', 32, '2023-06-11 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/', '146jvih', [['u/mr_sew', 12, '2023-06-11 06:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqs5oo/', "The U.S. Treasury wasn't going to default anyway. That was just scare mongering.", '146jvih'], ['u/dopeboyrico', 18, '2023-06-11 06:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqsvfj/', 'If that were the case, TradFi would be down as well. And yet, Nasdaq just recently broke its local high from August and S&P is less than 1% away from doing the same. PA for the past couple days has been the result of the SEC suing Binance and Coinbase for selling unregistered securities (not BTC) causing temporary uncertainty in the crypto market more broadly.\n\nDespite this, fundamentally speaking, nothing has changed for BTC. Max supply is still 21 million. The halving will still occur next year causing BTC inflation rate to drop below 1%/year going forward. Fiat will still be printed into infinity and the debt ceiling has already been approved to rise another $4 trillion over the next 2 years, approximately 13% higher than current levels. That new money being printed needs to end up somewhere and BTC still makes up less than 0.1% of all investable assets globally.\n\nOn top of all of that, in the short-term, we’re about to get another CPI print for the month of May releasing on Tuesday followed by the Fed’s rate decision the next day. It’s looking likely that the YoY CPI print for May is going to come in quite a bit lower than April’s 4.9% print and the Fed is going to pause on further rate hikes on Wednesday.\n\nBuy the dip while you still can. The CPI print coming in lower than expectations on Tuesday could potentially trigger the start of an enormous rally for the rest of the year especially if YoY CPI continues to fall month after month thereafter. At the same time the Fed may be forced to start QE again to buy newly issued government bonds due to lack of sufficient interest in markets. The Fed’s balance sheet just saw a minor uptick this past week which was the first weekly increase since March and it also happened to be the first week since the new debt ceiling increase was signed into law. Could be unrelated but if this continues in the weeks to come, QE is back on the menu as the Fed’s balance sheet continues to expand out of necessity.', '146jvih'], ['u/Outrageous-Net-7164', 17, '2023-06-11 07:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqvfm7/', 'Crypto is dead and has no real use other than speculation.\n\nSpeculators and bad actors now on the AI bandwagon.', '146jvih'], ['u/Outrageous-Net-7164', 11, '2023-06-11 07:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqx0zv/', 'NVDA stock.\n\nAll the snake oil YouTubers pushing crypto channels now switching to AI. Most only getting 10% of the previous traffic with crypto. \n\nZero institutional money coming in now as without regulation it’s a none starter. \n\nChamath and his pals on his podcast declared crypto dead and discuss other topics now. \n\nNo one cares about crypto. \n\nTime to buy 🤔', '146jvih'], ['u/xtal_00', 19, '2023-06-11 07:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqz4ui/', 'Time to buy Bitcoin.\n\nBut it’s always time to buy Bitcoin.', '146jvih'], ['u/Essexal', 26, '2023-06-11 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnrbs74/', 'Need about 4 more ‘bull market is over’, ‘crypto is dead’, ‘ponzi is ponzi’ comments and we can start going higher.\n\nLet the doubters doubt.', '146jvih'], ['u/dopeboyrico', 22, '2023-06-11 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jns0xyf/', 'YoY CPI for May will be releasing on Tuesday. Expectations are currently set at 4.1% vs April’s 4.9% print.\n\n[Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has their estimate at 4.13%. [Truflation](https://truflation.com) has their estimate at around 3.39% with a high of 3.95% and a low of 2.83% for the month.\n\nFor the past several months the actual number has been somewhere between these two estimates. Because expectations are on the higher side, there’s a solid chance the actual number will come in lower than expectations before the Fed’s rate decision on Wednesday.\n\nBuy the dip while you still can.', '146jvih'], ['u/biggunsg0b00m', 14, '2023-06-11 22:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jntpate/', 'Might be an off topic question, but is this thread going dark on 12th June like some other threads in protest to the changes to 3rd party API?', '146jvih']]], ['u/Two_Pickachu_One_Cup', "No crypto will not 'die', that's why Satoshi created Bitcoin.", 73, '2023-06-11 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/', "We have been hit pretty hard in 2022/2023. First voyager, then Luna, then FTX, now concerns around the SEC and Coinbase.\n\nYes we have been through alot, yet you are still here, crypto is still here.\n\nSatoshi created Bitcoin in the aftermath of the 08 banking crisis, it was created as a safeguard for institutional interference. Yet here we are in 2023 worrying about crypto 'dying' because institutions are doing the wrong thing.\n\nRemember crypto was created so that we didn't need the help or interference of an institution. Have we lost sight of that purpose?", 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/', '146kuqj', [['u/Onnimation', 32, '2023-06-11 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnquj89/', "Whenever Bitcoin dies, I tend to just buy more. It's like a Black Friday sale to me.", '146kuqj'], ['u/MaximumStudent1839', 15, '2023-06-11 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnquk8a/', 'You guys realize SEC isn’t going after “crypto”, but just the ones with ICOs?', '146kuqj'], ['u/Josefumi12', 10, '2023-06-11 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnqukka/', '>I believe cryptocurrencies like bitcoin are not going to die.\n\nPeople who say crypto is dead because they see red in their portfolios. When it shows green again, people will celebrate this event and think that crypto has come back to life. \n\nIn the end crypto is considered dead if people feel they are losing money and vice versa crypto is considered alive because they are making profits.', '146kuqj'], ['u/treehermit', 10, '2023-06-11 07:35', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnqxgd2/', 'The glaring fact is that within a span of 13 years, bitcoin transformed from a joke into one of the leading points of contention in the presidential elections of the most powerful country on the planet!', '146kuqj'], ['u/Electrical_Potato_21', 14, '2023-06-11 09:15', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnr57lz/', 'In twenty years this will be a blip on the radar. I still have great faith in Bitcoin long term.', '146kuqj']]], ['u/rBitcoinMod', 'Daily Discussion, June 11, 2023', 39, '2023-06-11 08:05', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/145s5tv/daily_discussion_june_10_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/', '146m3i6', [['u/hateschoolfml', 13, '2023-06-11 08:57', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnr3uel/', 'Post a lightning address for 500 sats and you shall receive', '146m3i6'], ['u/Prosperity_01', 12, '2023-06-11 09:48', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnr7kwf/', 'Made my first purchase a month ago and now so close to reaching my 0.1 BTC target :) 0.25 over the next couple years. What’s everyone’s accumulation goals?', '146m3i6'], ['u/user_name_checks_out', 13, '2023-06-11 11:34', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrf4pv/', '1. Be a nocoiner.\n2. Dabble in bitcoin.\n3. Encounter obstacles because a) failure to understand or b) problems unrelated to bitcoin or c) both.\n4. Come here and whine that, because of point #3 above, "mass adoption will never happen bla bla blaaaa".', '146m3i6'], ['u/fverdeja', 10, '2023-06-11 12:49', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrkrs4/', '1. We don\'t know yet, some data shows it to be bad for the environment, other data shows it to be good, apparently it\'s the first industry to really reduce it\'s carbon footprint while expanding and consuming more energy, there\'s no real way to know yet so every set of data should be taken with a grain of salt.\n\n2. The arguments are that Bitcoin miners are emissionless while energy production is where the emissions come from, so far, Bitcoin mining has helped the state of Nebraska reach their green energy goals and accelerate the growth of said initiatives, it also helped get electricity to some towns in Africa where doing so was economically infeasible. That doesn\'t mean it would be the same for every state, city and country in the world.\n\n3. Yes, PoW is an anchor to the real world, and prevents the "rich get\'s richer", miners have to pay for electricity, update their hardware, and they don\'t have permission to do whatever they want, they provide a service to nodes and we let receive both the subsidy and the fees, not the other way around. While on PoS stackers get money from doing absolutely nothing and stackers set the rules (that\'s not the case for every PoS algorithm), the biggest problem with PoS coins is that the "project leader" and whales are the ones who decide what your money is and what\'s the right version of the chain, not you, not the market, them.', '146m3i6'], ['u/user_name_checks_out', 13, '2023-06-11 13:24', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrnngj/', "Bitcoin's carbon footprint is a piss in the ocean compared to that of the fiat banking system which bitcoin replaces.\n\nPeople who use the pollution argument against bitcoin never apply it against anything else. What is the carbon footprint of the U.S. defense industry? Of billionaires' private jets?", '146m3i6'], ['u/tallreagan', 14, '2023-06-11 13:54', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrqauo/', "I once had a goal and after reaching it, I kept going. Once you see what Bitcoin is and can be, you will never stop 'buying'", '146m3i6'], ['u/escodelrio', 17, '2023-06-11 15:12', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrybg6/', "Historical Bitcoin prices for today, June 11th:\r \n\r \n2023 - $25,768\r \n2022 - $28,403\r \n2021 - $37,315\r \n2020 - $9,283\r \n2019 - $7,888\r \n2018 - $6,886\r \n2017 - $2,973\r \n2016 - $592\r \n2015 - $230\r \n2014 - $643\r \n2013 - $109\r \n2012 - $5.6\r \n2011 - $14.6\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/11/2023 is $9,168.62.", '146m3i6'], ['u/Just1_More', 10, '2023-06-11 16:56', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnsbbxr/', 'Here... read up. [End the FUD](https://endthefud.org/)', '146m3i6'], ['u/Romsel87', 11, '2023-06-11 17:44', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnshyqj/', "Maybe wait for new ATH? At least you'll be sure that it's not dead.", '146m3i6'], ['u/IngersollLockwood', 12, '2023-06-11 18:22', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnsnc2q/', 'This sub is growing so fast. 25% increase in the last 2 weeks.', '146m3i6']]], ['u/alleged_humanoid', 'wibtc if i got my human microchipped?', 401, '2023-06-11 08:41', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/', 'My human is indoor-outdoor. I, Goose, majestic benevolent Cat, don’t like this arrangement—I’d rather they were always indoors, but it’s considered cruel to keep a human inside all the time where we live, so I (reluctantly) let them out.\n\nThe problem is, last week my human ran away. I waited for them for billions of years and they didn’t come home. This has happened twice before and just like those other times a strange human showed up instead of my human. I let the strange human refill my bowl and clean my box but not come near me. (You have to be careful with strange humans. They might not be trained properly.)\n\nMy human FINALLY found their way home yesterday, looking bedraggled and smelling totally weird. I’ve been lecturing them non-stop about how worried i was about them, and i’m supervising them very closely to make sure they don’t disappear again. But I’m concerned they will get lost again. Would I be the cloaca if I got them microchipped so they are easier to find?', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/', '146mpx8', [['u/warmlavawithpebbled', 122, '2023-06-11 09:00', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnr44tj/', 'I meow meow (8f cat cow) says you NTC cos you respawnsiable pawrent! You only worry! But I suggest air-tag is better! I got my human an AirTag and gave it as a wonderful necklace. I can see thru my orange tiny box where hooman is! It also rings when you press it! One time hooman was at neighbor and I was meowing but being ignored! I pressed the button then I heard ring ring and hooman came running back!', '146mpx8'], ['u/yarnalcheemy', 53, '2023-06-11 09:05', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnr4gm4/', 'NTC! - Rocket, Kita, and Chase (SIC, gray tabby, orange tabby). Waiting forever for our humans to come home is the worst. Especially when the favorite one is outside!', '146mpx8'], ['u/Mollyscribbles', 66, '2023-06-11 10:01', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnr8ixd/', "NTC, I need to get one of these for my human. Is vital to keep track of their whereabouts. Can they be used to track to confirm their location if they've gone to the human litter box room and closed the door? I get so worried the few times she accidentally leaves me out.", '146mpx8'], ['u/Loud-Bee6673', 176, '2023-06-11 10:23', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnra4wl/', 'My name is Pockets. I have just adopted a new hooman so this is my first time here. There are other cats in the house named Misha and Pepper. We have come to a tentative human and house-sharing agreement and they are fun to chase.\n\nMy human is often content to stay at home, which is what I prefer. She does do this thing called “werk,” of which I do disapprove. She tells me she would much rather be home than go to “werk.” But if this were true, why does she go? It seems obvious to me that she should stay home and take care of my needs. For example, sometimes I kick my toys under the clothing-furniture or behind the book-furniture, and she will get them out for me.\n\nMisha says she also has this thing called “fambly”, and when she goes to see them she is away for several years. I certainly do not approve of that. How can I get her microchipped? Or Air Tagged? Either seems fine.\n\nhttps://preview.redd.it/604jypyimc5b1.jpeg?width=3024&format=pjpg&auto=webp&v=enabled&s=5e51a81503edacc2053a2b29db84d7f8662e31b7\n\nCat tax - I am the lovely tortie girl. The void doofus is Misha.', '146mpx8'], ['u/Zealousideal_Car_726', 53, '2023-06-11 12:29', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnrj74i/', 'Willa here, 7f smart orange. Mommy has her keys all air tagged. She says it saves her life. I think we should air tag all the hoomans. You NTC if air tag but also NTC for microchip. Mebbe hoomans needs both. Air tag let us trak em. Microchip let anyone who find hooman bring back to us. I also here of LoJack? Maybe that way to go?', '146mpx8'], ['u/SkyScamall', 28, '2023-06-11 14:03', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnrr7qv/', "Your mommy sounds smart. My hooman has mean, loud, jangly keys. Sometimes they leave them behind when they go to the out and there's much panic at the big door and the spairkee has to be found. air tagg sounds helpful but only if hooman remembers to bring it.", '146mpx8'], ['u/Anna_Rapunzel', 40, '2023-06-11 14:39', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnruqrh/', "NTC, but have you considered just making your humans indoor humans? I remember when my humans made themselves indoor humans once. With the proper stimulation, they'll be just fine. If they have a closet, letting them take things out, play with them, and put them back can be very enriching! Of course, Auntie Anna enjoyed making food that she shared with me!\n\n--Anubis the dog\n\nNTC, but a microchip is better than an AirTag because your human might lose their AirTag. My humans are constantly losing their little lightboxes. I find them all over the house. One time Grandma left hers at the place she goes to hunt!\n\n--Polonio the cat", '146mpx8'], ['u/LotusGrowsFromMud', 30, '2023-06-11 14:56', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnrwifm/', 'Maybe a collar with your address would be helpful? Mine seems lost right now too, and they have been gone for a million years. I hope they come back. My human had to get me a separate feeder that feeds me kitten food even though I am grown, because I would worry myself sick and lose weight whenever they were lost.', '146mpx8'], ['u/butterfly-garden', 20, '2023-06-11 16:44', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jns9lur/', "Oh my Dod! You must have been so scared! I would suggest that you check your state lawz. Just acause you would hab peace of mind doesn't mean you allowed to do it. NTC, you is just being a responsible hooman owner.", '146mpx8'], ['u/namealreadygone', 22, '2023-06-11 16:52', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsaqna/', '(Aww r/vorties)', '146mpx8'], ['u/shesaflightrisk', 20, '2023-06-11 16:57', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsbda8/', 'You are so smart for coming up with this solution!', '146mpx8'], ['u/AMyshkaMouse', 25, '2023-06-11 17:14', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsdoeq/', 'I refuse to show this post to my cats. YTC for setting us humans up... rofl', '146mpx8'], ['u/jochi1543', 36, '2023-06-11 17:38', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsh3es/', 'Have you considered getting your human fixed? Often, they have the urge to roam outdoors if they still have their special parts.', '146mpx8'], ['u/PinkSatanyPanties', 19, '2023-06-11 18:55', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsrxsc/', 'I Chester (1M, buff orange cat) and I moved in with my Big Friend Miles (27NB, I think they’re a cat) a little while ago and the first time they disappeared for several hundred years a really fun new Big Friend named Katelyn came to visit and the second time it was a new Big Friend named Tina! Chester liked so much!!!! I love Big Friend Miles because they’re my favorite, but meeting new Big ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Renown crypto billionaire Cameron Winklevoss says the youth vote rescued the U.S. Democratic party from defeat in 2020—and that alienating them now will mean "lost votes" in the next election cycle.\n"Senator Warren and Gary Gensler’s war on crypto is going to alienate an entire generation of would-be Democrats," he tweeted.\nHis twin brother Tyler, with whom he co-founded crypto exchange Gemini in 2014, concurred.\n“Roe [v. Wade] cost Republicans the midterms,” Tylertweetedon Sunday. “The Sen. Warren and Gary Gensler war on crypto will cost Dems the 2024 election.”\nAndreessen Horowitz Opening Crypto Office in London\nCameron Winklevosstook to Twitterto denounce efforts by U.S. SenatorElizabeth Warrenand Head of the SECGary Genslerto undermine the cryptocurrency industry, saying their actions might have dire consequences for the Democratic party.\n“Crypto has already won the hearts and minds of Millennials and GenZ," Winklevosstweeted, adding that "they don’t debate the merits of crypto; and they won’t forget the value destruction Warren and Gensler have caused."\nCameron shared aCNN headlinefrom 2022 that indicates the Democrats saved face in last year’s elections thanks to young people. To the crypto entrepreneur, the current regulatory environment could blow up in their face.\nThe Winklevoss twins are long-time Bitcoin permabulls, calling for a$500,000bitcoin price point. Although Cameron has no official party line, he hassupportedRepublican candidates in the past.\nThese statements come amid aggressive actions from Warren and Gensler, two Democratic party members.\nWhat’s the Difference Between the Binance and Coinbase SEC Lawsuits?\nThe former Olympic rowerproposestwo explanations: "[The] blue establishment either doesn\'t understand what\'s going on with Warren and Gensler, or are grossly miscalculating the impact of their actions on youth vote this upcoming election cycle."\nWarren has made headlines this year for her "Anti Crypto Army." She has also claimed that the technology helpsfund the deadly fentanyltrade, broadlydeclaringthat crypto is used by criminals.\nGensler, a staunch critic of cryptocurrencies, is also in the spotlight this week, after the SEC charged bothCoinbaseandBinancewith breaking U.S. securities laws.\nNot all Democrats are anti-crypto, however. Presidential candidate Robert Kennedy Jr., ispro-Bitcoin, appearing as keynote speaker at the recent Bitcoin 2023 conference.\nGensler Is Driving Crypto to Communist China, Says Republican Congressman\nRepublicans, on the other hand, seem much more open to the idea of cryptocurrency.\nWyoming senator Cynthia Lummis, dubbed the "Bitcoin Senator," has beenchampioningBitcoin for years. Republican House Majority Whip Tom Emmer (R-MN) is considered "crypto-friendly."And Ron DeSantis, Governor of Florida and Republican presidential candidate, has meanwhileoutlawedCentral Bank Digital Currencies (CBDCs) in his state.\nThe numbers for crypto appear to be on the Winklevoss’ side. According to areportby Coinbase, approximately 66 million Americans (or 20% of the entire population) own digital assets.\n"They may not care about crypto, but they will care about the lost votes," Cameronconcluded.', 'Renown crypto billionaire Cameron Winklevoss says the youth vote rescued the U.S. Democratic party from defeat in 2020\x97and that alienating them now will mean "lost votes" in the next election cycle. "Senator Warren and Gary Gensler\x92s war on crypto is going to alienate an entire generation of would-be Democrats," he tweeted. His twin brother Tyler, with whom he co-founded crypto exchange Gemini in 2014, concurred. \x93Roe [v. Wade] cost Republicans the midterms,\x94 Tyler tweeted on Sunday. \x93The Sen. Warren and Gary Gensler war on crypto will cost Dems the 2024 election.\x94 Andreessen Horowitz Opening Crypto Office in London Cameron Winklevoss took to Twitter to denounce efforts by U.S. Senator Elizabeth Warren and Head of the SEC Gary Gensler to undermine the cryptocurrency industry, saying their actions might have dire consequences for the Democratic party. \x93Crypto has already won the hearts and minds of Millennials and GenZ," Winklevoss tweeted , adding that "they don\x92t debate the merits of crypto; and they won\x92t forget the value destruction Warren and Gensler have caused." Cameron shared a CNN headline from 2022 that indicates the Democrats saved face in last year\x92s elections thanks to young people. To the crypto entrepreneur, the current regulatory environment could blow up in their face. The Winklevoss twins are long-time Bitcoin permabulls, calling for a $500,000 bitcoin price point. Although Cameron has no official party line, he has supported Republican candidates in the past. These statements come amid aggressive actions from Warren and Gensler, two Democratic party members. What\x92s the Difference Between the Binance and Coinbase SEC Lawsuits? The former Olympic rower proposes two explanations: "[The] blue establishment either doesn\'t understand what\'s going on with Warren and Gensler, or are grossly miscalculating the impact of their actions on youth vote this upcoming election cycle." Story continues Warren has made headlines this year for her " Anti Crypto Army ." She has also claimed that the technology helps fund the deadly fentanyl trade, broadly declaring that crypto is used by criminals. Gensler, a staunch critic of cryptocurrencies, is also in the spotlight this week, after the SEC charged both Coinbase and Binance with breaking U.S. securities laws. Not all Democrats are anti-crypto, however. Presidential candidate Robert Kennedy Jr., is pro-Bitcoin , appearing as keynote speaker at the recent Bitcoin 2023 conference. Gensler Is Driving Crypto to Communist China, Says Republican Congressman Republicans, on the other hand, seem much more open to the idea of cryptocurrency. Wyoming senator Cynthia Lummis, dubbed the " Bitcoin Senator ," has been championing Bitcoin for years. Republican House Majority Whip Tom Emmer (R-MN) is considered " crypto-friendly ." And Ron DeSantis, Governor of Florida and Republican presidential candidate, has meanwhile outlawed Central Bank Digital Currencies (CBDCs) in his state. The numbers for crypto appear to be on the Winklevoss\x92 side. According to a report by Coinbase, approximately 66 million Americans (or 20% of the entire population) own digital assets. "They may not care about crypto, but they will care about the lost votes," Cameron concluded .', "(Some Fortune Crypto pricing data is provided by Binance.)The price of tokens tied to some of the best known blockchains plummeted on Friday days after the Securities and Exchange Commission declared them to be securities in complaints filed against Bitcoin and Ethereum experienced only minor dips, other well-known crypto projects took a beating.\nAs of Sunday evening, the price of Solana's SOL token was down nearly 30% over seven days, while Polygon's MATIC token and Cardano's ADA were down 28% and 29.5%, respectively, over the same period.\nWhile crypto prices slumped across the board following the SEC complaints, which dropped last Monday and Tuesday, it was only on Friday that markets experienced a massive sell-off.\nThe cause of Friday's plunge appears to be a decision by some of the biggest crypto market makers and trading firms to dump their holdings. A Coindeskreportpointed totweetsfrom the analytics firm LookOnChain, which cited blockchain data to say wallets tied to Cumberland, Jump Trading and Robinhood had off-loaded a large volume of tokens to exchanges.\nThese firms' large holdings, combined with an illiquid trading environment following the SEC declaration, likely led to an especially steep drop in prices. Meanwhile, Robinhood on Friday announcedit would delistSolana, Cardano, and Polygon from its exchange as of June 27—another likely blow to their value.\nSolana and Cardano are so-called layer-1 blockchains, which aspire to challenge Ethereum, while Polygon is a side-chain that helps process Ethereum transactions more efficiently. While they took the biggest price hit, other well-known blockchains also experienced a big blow in the wake of the SEC complaints.\nThe seven-day price for tokens tied Filecoin and Internet Computer—both of which were also labelled as securities by the SEC—were down 26% and 24%, respectively, on Sunday. Meanwhile, a number of well-known older projects, notably Litecoin and Dogecoin, were not labelled as securities and have fallen by around 15%.\nThe crypto industry has long decried what it claims has been a lack of guidance from the SEC when it comes to determining which blockchain tokens are securities. The issue is the subject of a closely watchedlegal battlebetween the agency and Ripple, which is associated to the XRP token. A decision is expected as soon as this summer.\nBitcoin, which is down 4% over the past week, is the only token that the SEC has stated not to be a security. Ethereum, whose legal status is unclear, is down 7%. The two tokens are by far the biggest cryptocurrencies by market cap.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", "(Some Fortune Crypto pricing data is provided by Binance.) The price of tokens tied to some of the best known blockchains plummeted on Friday days after the Securities and Exchange Commission declared them to be securities in complaints filed against Bitcoin and Ethereum experienced only minor dips, other well-known crypto projects took a beating. As of Sunday evening, the price of Solana's SOL token was down nearly 30% over seven days, while Polygon's MATIC token and Cardano's ADA were down 28% and 29.5%, respectively, over the same period. While crypto prices slumped across the board following the SEC complaints, which dropped last Monday and Tuesday, it was only on Friday that markets experienced a massive sell-off. The cause of Friday's plunge appears to be a decision by some of the biggest crypto market makers and trading firms to dump their holdings. A Coindesk report pointed to tweets from the analytics firm LookOnChain, which cited blockchain data to say wallets tied to Cumberland, Jump Trading and Robinhood had off-loaded a large volume of tokens to exchanges. These firms' large holdings, combined with an illiquid trading environment following the SEC declaration, likely led to an especially steep drop in prices. Meanwhile, Robinhood on Friday announced it would delist Solana, Cardano, and Polygon from its exchange as of June 27\x97another likely blow to their value. Solana and Cardano are so-called layer-1 blockchains, which aspire to challenge Ethereum, while Polygon is a side-chain that helps process Ethereum transactions more efficiently. While they took the biggest price hit, other well-known blockchains also experienced a big blow in the wake of the SEC complaints. The seven-day price for tokens tied Filecoin and Internet Computer\x97both of which were also labelled as securities by the SEC\x97were down 26% and 24%, respectively, on Sunday. Meanwhile, a number of well-known older projects, notably Litecoin and Dogecoin, were not labelled as securities and have fallen by around 15%. Story continues The crypto industry has long decried what it claims has been a lack of guidance from the SEC when it comes to determining which blockchain tokens are securities. The issue is the subject of a closely watched legal battle between the agency and Ripple, which is associated to the XRP token. A decision is expected as soon as this summer. Bitcoin, which is down 4% over the past week, is the only token that the SEC has stated not to be a security. Ethereum, whose legal status is unclear, is down 7%. The two tokens are by far the biggest cryptocurrencies by market cap. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", 'Bi tcoin tr aded f lat in Mo nday mo rning tr ading in A sia a fter a s lide o ver t he we ekend in t hin vo lumes d rove t he t oken u nder US$ 26,000. E ther fo llowed a si milar tr end. M ost o ther t op 10 non- stablecoin crypt ocurrencies f ell as inv estors ex ited in t he f ace of t he U .S. Sec urities a nd Ex change Comm ission\x92s ( SEC) cra ckdown on cryp tocurrency exc hanges. Crypto slump Bi tcoin a dded 0.02% o ver t he l ast 24 h ours to US$ 25,901 at 7:00 a .m. in H ong K ong, w hile po sting a 5% d rop f or t he p ast s even d ays. E ther e dged d own 0.05% to US$ 1,754, lo gging a 7.8% l oss f or t he w eek. T he cr ypto ma rket is s till de aling w ith t he impl ications of t he U .S. Sec urities a nd Ex change Comm ission ( SEC) dec laring 68 crypt ocurrencies ill egally is sued fin ancial sec urities l ast we ek in i ts l aws uit s ag ainst cr ypto exc hanges Binance.US a nd Coinbase . The list includes several top 10 cryptocurrencies \x97 Solana, Cardano, Polygon and the BNB token issued by Binance. U.S .-based tr ading se rvice Rob inhood Fin ancial said on Fr iday it w ill e nd su pport f or Ca rdano, Po lygon a nd So lana f rom J une 27. Rob inhood h ad a bout 11.4 mi llion mo nthly ac tive us ers, w ith U S$62 bi llion in as sets u nder man agement as of Q4 2022, acc ording to Investing in the Web . Solana posted the biggest fall among top 10 crypto tokens on Monday morning with a 2.35% decline to US$15.48. The cryptocurrency has lost 30% of its value over the past week. On Sat urday, t he So lana Fou ndation s aid it disagreed w ith t he S EC\x92s clas sification of i ts t oken as a sec urity, w hile st ating it we lcomes \x93co ntinued eng agement of poli cymakers as cons tructive pa rtners on reg ulation to ac hieve l egal cla rity.\x94 Po lygon L abs a lso po sted a s tate ment on Tw itter Su nday w hich s aid its blockchain network and the accompanying cryptocurrency Matic was dev eloped a nd de ployed ou tside t he U .S. \x93G iven o ur f ocus on ne twork sec urity, we m ade s ure M ATIC w as ava ilable to a w ide g roup of pe rsons, b ut o nly w ith ac tions t hat d id n ot ta rget t he US at a ny ti me,\x94 t he sta tement s aid. Story continues Matic gained 3.28% to US$0.6343 on Monday morning, but is down more than 29% over the week. Car dano\x92s A da t oken l ost 2.23% to US$ 0.2727 in a 28.35% we ekly mar kdown. Ca rdano dev eloper I nput Ou tput Gl obal ( IOG) w as t he f irst to re spond to t he S EC\x92s cl aims in a sta tement published J une 7. \x93 The fi ling co ntains nu merous fa ctual inac curacies a nd w ill n ot im pact I OG\x92s ope rations in a ny w ay. U nder no circ umstances is A DA a se curity u nder U .S. sec urities l aws. It n ever h as be en,\x94 t he co mpany st ated. BNB, Binance\x92s native token, dipped 1.66% on Monday morning to US$235.59, losing 23% in the last seven days. Last Monday, the SEC filed a lawsuit against Binance, its U.S. branch, and chief executive officer Changpeng Zhao. Binance faces 13 charges in the lawsuit, including allegations of fraud, the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program. A day after the SEC filed its lawsuit against Binance, the regulator sued Coinbase, the largest crypto exchange in the U.S., for allegedly violating securities rules. T he t otal cryp tocurrency ma rket c ap l ost 0.42% to US $1.05 tr illion in t he l ast 24 ho urs, w hile d aily tr ading vo lume dr opped 55.72% to US $24.16 bi llion, acc ording to Coin MarketCap data . NFT outlook The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In t he non- fungible t oken ( NFT) ma rket, t he Fo rkast 500 N FT i ndex ga ined 0.94% to 3,090.88 in t he 24 h ours to 9:00 a .m. in H ong K ong. T he in dex, ho wever, is d own 5.32% f or t he w eek. T otal N FT s ales f ell 19.80% to US $18.1 mi llion, w hile s ales on Et hereum f ell 14.63% o ver t he l ast 24 h ours to US $13.55 mi llion, acc ording to CryptoSlam d ata. The SEC-led regulatory clampdown in the U.S. is unlikely to discourage growth in the NFT sector, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93D uring t his n ew p hase of sc rutiny o n, w ell, eve rything on t he blo ckchain, t he N FT com munity h as re ally ba nded to gether to su pport t he bui lders,\x94 Pe tscher wrote . \x93B itcoin N FTs a re s till g oing par abolic, t he Po lygon blo ckchain is te asing som ething m ajor \x85 a rt s ales k eep ri pping, a nd t here a re s ome m ajor deve lopments co ming re lated to inte llectual pr operty lic ensing f or N FT hol ders.\x94 Ethe reum-based B ored A pe Y acht C lub re corded t he hi ghest in s ales in t he p ast 24 ho urs, ad ding 1.22% to US $2.27 mi llion. Mythos chain-based DMarket collection recorded US$1.06 million in daily sales, placing second on Cryptoslam\x92s ranking despite slipping 8.21% in the previous day. U.S. stock futures edge higher U.S. Federal Reserve Chair Jerome Powell \| Image: Getty Images U.S. stock futures rose as of 10:10 a.m. in Hong Kong after major U.S. stock indexes posted gains last week. Dow Jones Industrial Average futures added 0.027%, and S&P 500 futures rose 0.14%. Nasdaq Futures also gained 0.23%. Last Friday, the Dow Jones Industrial Average climbed 0.13%. The S&P 500 added 0.11%, and Nasdaq Composite Index rose 0.16%. Investors this week have the U.S. Consumer Price Index, a key inflation indicator, released on Tuesday, followed by the Federal Open Market Committee meeting on June 13 and 14. The Fed is expected to leave interest rates unchanged at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022. The CME FedWatch Tool predicts a 73.6% chance the Fed will leave rates as is at this week\x92s meeting, and a 26.4% chance for another 25-basis-point rate hike. However, former Fed vice chair Roger Ferguson told CNBC last Friday that there may be more rate hikes in the rest of the year even if the central bank decides to skip the increase this meeting. (updates with equity section)', 'BitcointradedflatinMondaymorningtradinginAsiaafteraslideovertheweekendinthinvolumesdrovethetokenunderUS$26,000.Etherfollowedasimilartrend.Mostothertop10non-stablecoincryptocurrenciesfellasinvestorsexitedinthefaceoftheU.S.SecuritiesandExchangeCommission’s(SEC)crackdownoncryptocurrencyexchanges.\nBitcoinadded0.02%overthelast24hourstoUS$25,901at7:00a.m.inHongKong,whilepostinga5%dropforthepastsevendays.Etheredgeddown0.05%toUS$1,754,logginga7.8%lossfortheweek.\nThecryptomarketisstilldealingwiththeimplicationsoftheU.S.SecuritiesandExchangeCommission(SEC)declaring68cryptocurrenciesillegallyissuedfinancialsecuritieslastweekinitslawsuitsagainstcryptoexchangesBinance.USandCoinbase.\nThe list includes several top 10 cryptocurrencies — Solana, Cardano, Polygon and the BNB token issued by Binance.\nU.S.-basedtradingserviceRobinhoodFinancialsaidonFridayitwillendsupportforCardano,PolygonandSolanafromJune27.Robinhoodhadabout11.4millionmonthlyactiveusers,withUS$62billioninassetsundermanagementasofQ42022,accordingtoInvesting in the Web.\nSolana posted the biggest fall among top 10 crypto tokens on Monday morning with a 2.35% decline to US$15.48. The cryptocurrency has lost 30% of its value over the past week.\nOnSaturday,theSolanaFoundationsaiditdisagreedwiththeSEC’sclassificationofitstokenasasecurity,whilestatingitwelcomes“continuedengagementofpolicymakersasconstructivepartnersonregulationtoachievelegalclarity.”\nPolygonLabsalsopostedastatementonTwitterSundaywhichsaidits blockchain network and the accompanying cryptocurrency Matic wasdevelopedanddeployedoutsidetheU.S.“Givenourfocusonnetworksecurity,wemadesureMATICwasavailabletoawidegroupofpersons,butonlywithactionsthatdidnottargettheUSatanytime,”thestatementsaid.\nMatic gained 3.28% to US$0.6343 on Monday morning, but is down more than 29% over the week.\nCardano’sAdatokenlost2.23%toUS$0.2727ina28.35%weeklymarkdown.CardanodeveloperInputOutputGlobal(IOG)wasthefirsttorespondtotheSEC’sclaimsinastatementpublishedJune7.“ThefilingcontainsnumerousfactualinaccuraciesandwillnotimpactIOG’soperationsinanyway.UndernocircumstancesisADAasecurityunderU.S.securitieslaws.Itneverhasbeen,”thecompanystated.\nBNB, Binance’s native token, dipped 1.66% on Monday morning to US$235.59, losing 23% in the last seven days.\nLast Monday, the SEC filed a lawsuit against Binance, its U.S. branch, and chief executive officer Changpeng Zhao. Binance faces 13 charges in the lawsuit, including allegations of fraud, the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program.\nA day after the SEC filed its lawsuit against Binance, the regulator sued Coinbase, the largest crypto exchange in the U.S., for allegedly violating securities rules.\nThetotalcryptocurrencymarketcaplost0.42%toUS$1.05trillioninthelast24hours,whiledailytradingvolumedropped55.72%toUS$24.16billion,accordingtoCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nInthenon-fungibletoken(NFT)market,theForkast500NFTindexgained0.94%to3,090.88inthe24hoursto9:00a.m.inHongKong.Theindex,however,isdown5.32%fortheweek.\nTotalNFTsalesfell19.80%toUS$18.1million,whilesalesonEthereumfell14.63%overthelast24hourstoUS$13.55million,accordingtoCryptoSlamdata.\nThe SEC-led regulatory clampdown in the U.S. is unlikely to discourage growth in the NFT sector, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Duringthisnewphaseofscrutinyon,well,everythingontheblockchain,theNFTcommunityhasreallybandedtogethertosupportthebuilders,”Petscherwrote.“BitcoinNFTsarestillgoingparabolic,thePolygonblockchainisteasingsomethingmajor…artsaleskeepripping,andtherearesomemajordevelopmentscomingrelatedtointellectualpropertylicensingforNFTholders.”\nEthereum-basedBoredApeYachtClubrecordedthehighestinsalesinthepast24hours,adding1.22%toUS$2.27million.\nMythos chain-based DMarket collection recorded US$1.06 million in daily sales, placing second on Cryptoslam’s ranking despite slipping 8.21% in the previous day.\nU.S. stock futures rose as of 10:10 a.m. in Hong Kong after major U.S. stock indexes posted gains last week. Dow Jones Industrial Average futures added 0.027%, and S&P 500 futures rose 0.14%. Nasdaq Futures also gained 0.23%.\nLast Friday, the Dow Jones Industrial Average climbed 0.13%. The S&P 500 added 0.11%, and Nasdaq Composite Index rose 0.16%.\nInvestors this week have the U.S. Consumer Price Index, a key inflation indicator, released on Tuesday, followed by the Federal Open Market Committee meeting on June 13 and 14. The Fed is expected to leave interest rates unchanged at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022.\nTheCME FedWatch Toolpredicts a 73.6% chance the Fed will leave rates as is at this week’s meeting, and a 26.4% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that there may be more rate hikes in the rest of the year even if the central bank decides to skip the increase this meeting.\n(updates with equity section)', 'BitcointradedflatinMondaymorningtradinginAsiaafteraslideovertheweekendinthinvolumesdrovethetokenunderUS$26,000.Etherfollowedasimilartrend.Mostothertop10non-stablecoincryptocurrenciesfellasinvestorsexitedinthefaceoftheU.S.SecuritiesandExchangeCommission’s(SEC)crackdownoncryptocurrencyexchanges.\nBitcoinadded0.02%overthelast24hourstoUS$25,901at7:00a.m.inHongKong,whilepostinga5%dropforthepastsevendays.Etheredgeddown0.05%toUS$1,754,logginga7.8%lossfortheweek.\nThecryptomarketisstilldealingwiththeimplicationsoftheU.S.SecuritiesandExchangeCommission(SEC)declaring68cryptocurrenciesillegallyissuedfinancialsecuritieslastweekinitslawsuitsagainstcryptoexchangesBinance.USandCoinbase.\nThe list includes several top 10 cryptocurrencies — Solana, Cardano, Polygon and the BNB token issued by Binance.\nU.S.-basedtradingserviceRobinhoodFinancialsaidonFridayitwillendsupportforCardano,PolygonandSolanafromJune27.Robinhoodhadabout11.4millionmonthlyactiveusers,withUS$62billioninassetsundermanagementasofQ42022,accordingtoInvesting in the Web.\nSolana posted the biggest fall among top 10 crypto tokens on Monday morning with a 2.35% decline to US$15.48. The cryptocurrency has lost 30% of its value over the past week.\nOnSaturday,theSolanaFoundationsaiditdisagreedwiththeSEC’sclassificationofitstokenasasecurity,whilestatingitwelcomes“continuedengagementofpolicymakersasconstructivepartnersonregulationtoachievelegalclarity.”\nPolygonLabsalsopostedastatementonTwitterSundaywhichsaidits blockchain network and the accompanying cryptocurrency Matic wasdevelopedanddeployedoutsidetheU.S.“Givenourfocusonnetworksecurity,wemadesureMATICwasavailabletoawidegroupofpersons,butonlywithactionsthatdidnottargettheUSatanytime,”thestatementsaid.\nMatic gained 3.28% to US$0.6343 on Monday morning, but is down more than 29% over the week.\nCardano’sAdatokenlost2.23%toUS$0.2727ina28.35%weeklymarkdown.CardanodeveloperInputOutputGlobal(IOG)wasthefirsttorespondtotheSEC’sclaimsinastatementpublishedJune7.“ThefilingcontainsnumerousfactualinaccuraciesandwillnotimpactIOG’soperationsinanyway.UndernocircumstancesisADAasecurityunderU.S.securitieslaws.Itneverhasbeen,”thecompanystated.\nBNB, Binance’s native token, dipped 1.66% on Monday morning to US$235.59, losing 23% in the last seven days.\nLast Monday, the SEC filed a lawsuit against Binance, its U.S. branch, and chief executive officer Changpeng Zhao. Binance faces 13 charges in the lawsuit, including allegations of fraud, the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program.\nA day after the SEC filed its lawsuit against Binance, the regulator sued Coinbase, the largest crypto exchange in the U.S., for allegedly violating securities rules.\nThetotalcryptocurrencymarketcaplost0.42%toUS$1.05trillioninthelast24hours,whiledailytradingvolumedropped55.72%toUS$24.16billion,accordingtoCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nInthenon-fungibletoken(NFT)market,theForkast500NFTindexgained0.94%to3,090.88inthe24hoursto9:00a.m.inHongKong.Theindex,however,isdown5.32%fortheweek.\nTotalNFTsalesfell19.80%toUS$18.1million,whilesalesonEthereumfell14.63%overthelast24hourstoUS$13.55million,accordingtoCryptoSlamdata.\nThe SEC-led regulatory clampdown in the U.S. is unlikely to discourage growth in the NFT sector, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Duringthisnewphaseofscrutinyon,well,everythingontheblockchain,theNFTcommunityhasreallybandedtogethertosupportthebuilders,”Petscherwrote.“BitcoinNFTsarestillgoingparabolic,thePolygonblockchainisteasingsomethingmajor…artsaleskeepripping,andtherearesomemajordevelopmentscomingrelatedtointellectualpropertylicensingforNFTholders.”\nEthereum-basedBoredApeYachtClubrecordedthehighestinsalesinthepast24hours,adding1.22%toUS$2.27million.\nMythos chain-based DMarket collection recorded US$1.06 million in daily sales, placing second on Cryptoslam’s ranking despite slipping 8.21% in the previous day.\nU.S. stock futures rose as of 10:10 a.m. in Hong Kong after major U.S. stock indexes posted gains last week. Dow Jones Industrial Average futures added 0.027%, and S&P 500 futures rose 0.14%. Nasdaq Futures also gained 0.23%.\nLast Friday, the Dow Jones Industrial Average climbed 0.13%. The S&P 500 added 0.11%, and Nasdaq Composite Index rose 0.16%.\nInvestors this week have the U.S. Consumer Price Index, a key inflation indicator, released on Tuesday, followed by the Federal Open Market Committee meeting on June 13 and 14. The Fed is expected to leave interest rates unchanged at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022.\nTheCME FedWatch Toolpredicts a 73.6% chance the Fed will leave rates as is at this week’s meeting, and a 26.4% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that there may be more rate hikes in the rest of the year even if the central bank decides to skip the increase this meeting.\n(updates with equity section)', "the Qie wallet is all set to transform the space for good London, England, June 11, 2023 (GLOBE NEWSWIRE) -- Qi blockchain launches a futuristic wallet that is suitable for everyones needs. The traditional baking systems are fragile, and even though significant upgrades have boosted performance, enhanced security, and ensured seamless user experience, things are far from perfect. And the fall of Credit Suisse, a leading personal banking solution, further validates this. Besides, account breaches in the recent past have been at an all-time high, with users facing the maximum brunt. In the ever-changing landscape, there must be a solution that caters to the needs of users across the globe, even those without access to the right resources or living in remote parts. And this is where the Qie Wallet comes into the picture. We hope that one day every kid's first bank account will be a QIE Wallet. Developed on the Qi blockchain, one designed for finance, the Qie wallet is all set to transform the space for good. Charging an extremely low gas fee and offering real-time execution of transactions, Qi is destined to be the future of the industry. And with its expansion to the world of banking and finance, things look more promising than ever. The Qi wallet is being proclaimed as the wallet of the future, ensuring users get the possible experience with minimal effort on their end. The Qie wallet is designed to integrate and offer users every feature through a single platform. So, there\x92s no need to install 40+ apps when all the features can be clubbed into one and accessed seamlessly. It will be revolutionary and serve as the precursor to future market changes. Document storage, health record, original qualifications, tickets are all NFT use cases within the QIE wallet and a place to store all your digital assets. Besides, the Qie wallet intends to achieve a lot more, and one of these is highlighted by the fact that it taps into mobile airtime to ensure enhanced reach since it\x92s accessible to everyone. With the Qie wallet, airtime can easily be converted into digital money in no time. So, even people living in the remotest of areas can now be a part of the blockchain revolution, access investment options, and accrue never seen before returns. And there\x92s a lot more. Let\x92s find out! Story continues Benefits of using the Qie wallet When talking about the Qi wallet, there\x92s a long list of benefits, and not all can be included in a single piece of writing unless it\x92s an elaborate whitepaper . But here are the few prominent ones a user should know about: Enhanced security : The Qie wallet is one of the most secure wallets out there, given the fact that it employs smart contracts and advanced security protocols. Besides, to ensure unmatched security and provide a seamless transfer experience, Qie is ISO20022 compliant, which has been pretty much standardized. In simple words, this results in better compatibility and simplified transactions between the involved parties, making it an excellent payment solution for banks, their clients, as well as individual users. Fast and reliable : When we talk of blockchain-based wallets, a critical requirement is reliability and speed. And none of the popular options seem to offer the latter. Bitcoin, for instance, takes 1 hour to process transactions, and that too at a speed of 4.6 tps. It\x92s pretty much the same for Ethereum, where the tps (transactions per second) are capped at 20 while processing one takes roughly 5-20 minutes. On the contrary, Qi promises to deliver where other market players seem to fail. With Qi, it takes merely 8 seconds to complete a transfer and can process 2000 tps, which is slated to increase to 10,000 real soon. Decentralized : Decentralization is a crucial idea emerging in the blockchain space, and it aims to eliminate the need for third-party interference in transactions, thus boosting security. Besides, it has another vital benefit. The more players involved, the higher the transaction fee. And with Qi as a decentralized blockchain employing the Proof of Work (PoW) consensus mechanism, this leads to a lower transaction fee. Besides, the advanced backend tools ensure even lower gas fees compared to other blockchains in the space. Offers vital features : While crypto wallets were originally meant to store funds, it isn\x92t the case anymore, with Qi leading the change from the front. With the Qi wallet, you can trade in cryptocurrencies, stake funds to earn a passive income, play De-Fi games, explore a wide range of entertainment options, buy and sell NFTs of every kind, transfer funds to friends and family across the globe at a negligible fee, and take help from AI-based tools in picking out the right stocks. In the coming days, users can also upload their KYC details, health records, and even the will securely to the wallet. Accessible to all : Accessibility is often a major barrier in the wide-scale adoption of blockchain technology, but with Qi introducing a feature where airtime can be transformed into digital money, anyone with a mobile can join and explore the diverse space and benefit from the effortless and profitable trading options. The Qie wallet is here to stay for long and has already captivated many. It plans to onboard 100 million users, and it\x92s a perfectly realistic figure, given that 7 out of 10 people in South America don\x92t have a bank account. While others will join after it becomes a household name, crypto enthusiasts, as well as users with an understanding of the industry, are already registering for their Qie wallet. And you should, too, in order to enjoy the maximum benefits. To find out more about the Qi blockchain, visit the official website: https://qiblockchain.online/ Also, follow the Qi blockchain on all channels to stay updated with the latest developments: Twitter: https://twitter.com/qiblockchain Instagram: https://www.instagram.com/qiblockchain.online Facebook: https://www.facebook.com/QiBlockchain Discord: https://discord.gg/9HCNTyqkwa Reddit: https://www.reddit.com/r/qiblockchain/ Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Media Contact: Contact Person: QIE Marketing Team Company: QIE Blockchain Email: [email protected] Location: London, England Website: https://qiblockchain.online/", "the Qie wallet is all set to transform the space for good\nLondon, England, June 11, 2023 (GLOBE NEWSWIRE) -- Qi blockchain launches a futuristic wallet that is suitable for everyones needs. The traditional baking systems are fragile, and even though significant upgrades have boosted performance, enhanced security, and ensured seamless user experience, things are far from perfect. And the fall of Credit Suisse, a leading personal banking solution, further validates this. Besides, account breaches in the recent past have been at an all-time high, with users facing the maximum brunt. In the ever-changing landscape, there must be a solution that caters to the needs of users across the globe, even those without access to the right resources or living in remote parts. And this is where the Qie Wallet comes into the picture. We hope that one day every kid's first bank account will be a QIE Wallet.\nDeveloped on the Qi blockchain, one designed for finance, the Qie wallet is all set to transform the space for good. Charging an extremely low gas fee and offering real-time execution of transactions, Qi is destined to be the future of the industry. And with its expansion to the world of banking and finance, things look more promising than ever. The Qi wallet is being proclaimed as the wallet of the future, ensuring users get the possible experience with minimal effort on their end.\nThe Qie wallet is designed to integrate and offer users every feature through a single platform. So, there’s no need to install 40+ apps when all the features can be clubbed into one and accessed seamlessly. It will be revolutionary and serve as the precursor to future market changes. Document storage, health record, original qualifications, tickets are all NFT use cases within the QIE wallet and a place to store all your digital assets.\nBesides, the Qie wallet intends to achieve a lot more, and one of these is highlighted by the fact that it taps into mobile airtime to ensure enhanced reach since it’s accessible to everyone. With the Qie wallet, airtime can easily be converted into digital money in no time. So, even people living in the remotest of areas can now be a part of the blockchain revolution, access investment options, and accrue never seen before returns. And there’s a lot more. Let’s find out!\nBenefits of using the Qie wallet\nWhen talking about the Qi wallet, there’s a long list of benefits, and not all can be included in a single piece of writing unless it’s anelaborate whitepaper. But here are the few prominent ones a user should know about:\n• Enhanced security: The Qie wallet is one of the most secure wallets out there, given the fact that it employs smart contracts and advanced security protocols. Besides, to ensure unmatched security and provide a seamless transfer experience, Qie is ISO20022 compliant, which has been pretty much standardized. In simple words, this results in better compatibility and simplified transactions between the involved parties, making it an excellent payment solution for banks, their clients, as well as individual users.\n• Fast and reliable: When we talk of blockchain-based wallets, a critical requirement is reliability and speed. And none of the popular options seem to offer the latter. Bitcoin, for instance, takes 1 hour to process transactions, and that too at a speed of 4.6 tps. It’s pretty much the same for Ethereum, where the tps (transactions per second) are capped at 20 while processing one takes roughly 5-20 minutes. On the contrary, Qi promises to deliver where other market players seem to fail. With Qi, it takes merely 8 seconds to complete a transfer and can process 2000 tps, which is slated to increase to 10,000 real soon.\n• Decentralized: Decentralization is a crucial idea emerging in the blockchain space, and it aims to eliminate the need for third-party interference in transactions, thus boosting security. Besides, it has another vital benefit. The more players involved, the higher the transaction fee. And with Qi as a decentralized blockchain employing the Proof of Work (PoW) consensus mechanism, this leads to a lower transaction fee. Besides, the advanced backend tools ensure even lower gas fees compared to other blockchains in the space.\n• Offers vital features: While crypto wallets were originally meant to store funds, it isn’t the case anymore, with Qi leading the change from the front. With the Qi wallet, you can trade in cryptocurrencies, stake funds to earn a passive income, play De-Fi games, explore a wide range of entertainment options, buy and sell NFTs of every kind, transfer funds to friends and family across the globe at a negligible fee, and take help from AI-based tools in picking out the right stocks. In the coming days, users can also upload their KYC details, health records, and even the will securely to the wallet.\n• Accessible to all: Accessibility is often a major barrier in the wide-scale adoption of blockchain technology, but with Qi introducing a feature where airtime can be transformed into digital money, anyone with a mobile can join and explore the diverse space and benefit from the effortless and profitable trading options.\nThe Qie wallet is here to stay for long and has already captivated many. It plans to onboard 100 million users, and it’s a perfectly realistic figure, given that 7 out of 10 people in South America don’t have a bank account. While others will join after it becomes a household name, crypto enthusiasts, as well as users with an understanding of the industry, are already registering for their Qie wallet. And you should, too, in order to enjoy the maximum benefits.\nTo find out more about the Qi blockchain, visit the official website:https://qiblockchain.online/\nAlso, follow the Qi blockchain on all channels to stay updated with the latest developments:\nTwitter:https://twitter.com/qiblockchain\nInstagram:https://www.instagram.com/qiblockchain.online\nFacebook:https://www.facebook.com/QiBlockchain\nDiscord:https://discord.gg/9HCNTyqkwa\nReddit:https://www.reddit.com/r/qiblockchain/\nDisclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.\nMedia Contact:\nContact Person: QIE Marketing Team\nCompany: QIE Blockchain\nEmail: [email protected]\nLocation: London, England\nWebsite:https://qiblockchain.online/", 'Good morning. Here’s what’s happening:\nPrices:Amid regulatory challenges and liquidity issues, the crypto market, especially bitcoin (BTC) and ether (ETH), remains resilient.\nInsights:Why can\'t crypto exchanges have more simple corporate structures?\nCoinDesk Market Index (CMI)\n1,096\n−6.3▼0.6%\nBitcoin (BTC)\n$25,912\n+99.0▲0.4%\nEthereum (ETH)\n$1,748\n−2.9▼0.2%\nS&P 500\n4,298.86\n+4.9▲0.1%\nGold\n$1,975\n+12.5▲0.6%\nNikkei 225\n32,265.17\n+623.9▲2.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,096", "\\u22126.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,912", "+99.0\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,748", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,298.86", "+4.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "+12.5\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,265.17", "+623.9\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBuying Pressure is Keeping Bitcoin From Dipping More\nWhat a week it was.\nU.S. regulators are on a warpath, going aftermajor cryptoexchangesand declaring a handful ofmajor altcoins as securities– a scarlet letter in crypto terms.\nBut the crypto market is proving resilient.\nBitcoin is opening the Asia trading week up0.4% to $25,912, whileether is slightly down to $1,748.\n“The liquidity situation has worsened considerably. This is exacerbated by the departure of institutional investors from the market, particularly US-based market makers, who anticipate potential scrutiny from the SEC,” said Johnny Teng, Senior Researcher at LBank Labs, in a note to CoinDesk. “While the S&P 500 continues to achieve new monthly highs, the crypto market remains troublesome.”\nTeng says that bitcoin\'s performance remains robust amidst minimal selling interest in both bitcoin and ether. Notable factors, such as interest rates, stablecoin outflow trends, policy-related news in the US, China, and Europe, and cryptocurrency sector developments are under close observation by Teng\'s team to see what finally moves the needle.\nIn a note to CoinDesk, BitBull Capital’s Joe DiPasquale pointed to bitcoin’s support at $25K as still holding up “reasonably well”, but the upcoming release of new Federal Open Market Committee (FOMC) minutes could change that.\n“Moving forward, market participants will do well to keep an eye on indications from regulators and decisions taken by Binance, Coinbase, and other exchanges,” he said.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.2%", "DACS Sector": "Currency"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22123.4%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.1%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.9%", "DACS Sector": "Smart Contract Platform"}]\nA Plea for a More Simplistic Corporate Structure\nIn the early days of FTX’s bankruptcy proceedings, its restructuring team published a chart of its corporate structure.\nSam Bankman-Fried’s former empire had 300 employees but controlled 130 companies when itfiled for bankruptcyin November 2022.\nAll companies have subsidiaries, but companies that have this many subsidiaries are infinitely more complex operations. General Motors, a multinational with dozens of international partnerships and multiple product lines, has455 subsidiariesfor its$156.73 billion in revenueand 167,000 employees.\nTo be sure, some of FTX’s subsidiaries had a bonafide purpose. It needed to separate its licensed derivative business out from the corporate mothership; some of the major markets it operated in, like Japan, had separate entities because of thenuances of the market.\nOthers have pointed to Bankman-Fried’s father, Joseph Bankman, as thearchitect of the FTX leviathan, given that he’s a professor specializing in taxation at Stanford Law.\nThese days FTX is relatively out of the spotlight as Bankman-Fried’s trial is months away. Now, it’s Binance that’s under the gun as its faces dual cases from theCFTCandSEC.\nSEC Chair Gary Genslertold Bloomberg in an interviewthat there are parallels between FTX and Binance. Both are being accused of comingling, for start.\nBut deeper than that are the similarities between Binance and FTX’s corporate structures.\nAs part of recent legal actions against Binance, the SEC listed out the dozens of corporate entities controlled by Changpeng ‘CZ’ Zhao in arecent court filing.Inca Digital, a crypto forensics company, recently published amore comprehensive listwhich shows the web of firms connected to CZ and top Binance associates.\nCertainly, there are legitimate uses for such a long list of companies. But the parallels between FTX and Binance that SEC Chair Gensler alluded to continue with their corporate structures.\nCZ, for instance, often uses his personal name and personal accounts in Binance company operations, noted Inca Digital. The SEC also noted this in its complaint against Zhao (though Binance hasdenied any wrongdoing) as part of its accusations of comingling.\nConsider this a plea for a more simplistic corporate structure for crypto companies.\nFTX’s restructuring team is chargingtens of millions of dollars a monthas they spend countless manhours picking apart its corporate web. Binance’s claims that CZ did nothing wrong would be more easily believed should its transactions look more straightforward to a trained eye: if Binance didn’t rely so much on companies controlled by CZ, then it wouldn’t look like comingling to the SEC’s accountants.\nFor the record, Coinbase has 15 subsidiaries, according to a Feb. 2023filing with the SEC. So it is possible to be a large crypto exchange and have a corporate structure that would fit on an A4 piece of paper.\n2 p.m. HKT/SGT(6 a.m. UTC):Japan machine tool orders (May/YoY)\n3 p.m. HKT/SGT(7 a.m. UTC):China M2 money supply/loans (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance.US Suspends Dollar Deposits\nBinance.USsays it\'s temporarily transitioning to an all-crypto exchange as of June 13, citing regulatory pressures from the U.S. Securities and Exchange Commission (SEC), which targeted the company with a major enforcement action this week. CoinDesk Global Policy & Regulation Managing Editor Nik De broke down the latest developments. And, AdvisorShares ETF Strategist Mackenzie Peterson took a look at the markets. Plus, co-founder and CEO Zachary Townsend discussed what the bitcoin-denominated life insurance provider plans to do with $19M in funding.\nBitcoin Dominance Surges, Accounting For Nearly Half of The $1T Crypto Market, Amid Altcoin Selloff:Bitcoin\'s dominance rate neared the 50% mark early Saturday as altcoin crash triggered a flight to safety.\nSOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations:Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.\nCustodia\'s Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules:The crypto-friendly bank was also denied immediate membership with the Federal Reserve, with the court saying Custodia could pursue membership through other channels.\nBinance and Coinbase: Experts Weigh What’s Coming Next:Will the SEC win? Will Binance close in the U.S.? What will Congress do? As the SEC launches wide-ranging suits against crypto’s biggest players, we asked a range of experts to peer into Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $501,788,921,156 - Hash Rate: 399859029.4740175 - Transaction Count: 370634.0 - Unique Addresses: 617352.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% in the week through April 14 to trade at US$30,688 at 9:15 p.m. on Friday in Hong Kong.Etherrose 13.16% in the same period to US$2,100. It’s been an eventful week for crypto and the global economy. Bitcoin broke US$30,000for the first time since June 2022, days after the blockchain surpassed1 million Ordinalsinscriptions, generating over US$4.8 million in fees for the network. Ordinals are likened to non-fungible tokens (NFTs) on Bitcoin and allow users to mint images, videos, text and even video games. Investor sentiment ticked up after Ethereum completed theShanghai upgradeon Wednesday, enabling staking withdrawals for the first time. Ether broke through the US$2,000 ceiling for the first time since August last year, snuffing out initial concerns that Ether withdrawals would addselling pressureon the world’s second-largest cryptocurrency. Even if Ether are unstaked, it does not necessarily mean that people are going to sell, because they could also use it for other DeFi investments, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. On economy readings, the U.S. consumer price index (CPI) released on Wednesday showed a cooler-than-expected inflation gain of 5% in March on year, the smallest increase since May 2021. U.S. equities rallied Thursday on softer readings in the U.S. producer price index and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. The seeming slowdown in inflation could encourage investors and hedge funds to buy Bitcoin, said Marat Minkin, co-founder of decentralized finance payment appTONBanking. Lower inflation usually encourages investors to take a more aggressive risk stance for assets like Bitcoin, said Minkin in emailed comments. John Isige, an analyst at crypto trading platformVauld, said that Bitcoin’s gains this year show it is maturing as an asset class and that it offers a hedge against economic uncertainty. “Bitcoin is definitely at the start of a bull run. Volumes are still low but holding US$30,000 could keep small retail traders streaming into the market,” Isige said in a LinkedIn response toForkast.The latest CPI data shows inflation is easing in the U.S. and that is encouraging, he said. However, Brian Santos, the founder of the non-profit Bitcoin Business Alliance said the token remains in bearish territory and he expects a price correction if Bitcoin does not break out well above US$30,000. Kadan Stadelmann, chief technical officer of blockchain infrastructure development firmKomodo, agreed that Bitcoin could still be in a bear market due to thin volume. The global crypto market capitalization stood at US$1.28 trillion on Friday at 9:15 p.m. in Hong Kong, up from US$1.18 trillion a week ago, according toCoinMarketCapdata. Bitcoin’s US$594 billion market cap accounted for 46.4% of the market, while Ether’s US$252 billion accounted for 19.7%. See related article:Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’ The Render Network’s token (RNDR) was this week’s biggest gainer among the top 100 coins by market capitalization listed on CoinMarketCap, rallying 24.83% to US$1.61. The token started gaining momentum on April 9, three days after the networkannouncedthe community approval of its migration to Solana. The Render Networkallows idle GPUs (graphics processing units) to beusedfor the digital rendering needed in fields like 3D modeling, gaming imagery, and virtual reality. The WOO coin, the utility token of crypto trading platformWoo Network, was this week’s second biggest gainer with a rise of 23.14% to trade at US$0.25. The token started its rally on April 10, days after crypto exchange Krakenannouncedthe launch of WOO perpetual contracts. “All eyes are on US$32,000, a resistance that may determine the beginning of a bull run. A break above this brings US$38,000 within a reachable scope,” wrote Isige. But Ikrom Ergashev, co-founder of blockchain investment analytics firmNeironix, expects Bitcoin to move sideways next week at US$29,000-32,000, he said in emailed comments. See related article:Ethereum stands firm as Shapella upgrade rolls out... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose in Tuesday morning trading in Asia, but failed to break through the US$26,000 ceiling. Ether slipped, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Solana and BNB led the losers. SEC chairman Gary Gensler doubled down on why he is suing crypto exchanges as two U.S. congressmen proposed a bill to restructure the SEC and remove Gensler. Meantime, Ripple awaits the release of critical evidence that may shape its separate legal battle with the SEC.\nBitcoin rose 0.12% over the last 24 hours to US$25,928 at 7:00 a.m. in Hong Kong, gaining 0.8% in the past seven days. Ether slipped 0.66% to US$1,742, posting a 3.6% loss for the week.\nOut of other top 10 cryptocurrencies, Solana and Binance’s BNB token were the biggest losers.\nThe two are among those that the U.S. Securities and Exchange Commission (SEC) classified as illegally issued financial securities in lawsuits filed early last week against U.S. crypto exchanges Coinbase and Binance.US. The SEC has also filed to freeze the assets of Binance.US.\nSolana lost 2.18% to US$15.20 for a weekly slump of 23.98%. The BNB token fell 2.19% to US$230.60, a drop of 16.08% over the past week.\nPolygon and Cardano – two other crypto tokens named by the SEC as securities – gained on Tuesday morning but both are still down more than 20% since the SEC action.\nPolygon rose 1.40% to US$0.6434 for a weekly fall of 22.72%. Cardano gained 1.01% to US$0.2755 while losing 21.52% in value in the past week.\nSEC chairman Gary Gensler reemphasized the agency’s determination to strictly regulate the crypto sector in a repost on Twitter of hisstatementmade last week. “There’s nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws,” Genslertweeted.\nThe backlash against Gensler’s move to sue crypto exchanges is also growing:\xa0 #FireGaryGensler was trending on Twitter Tuesday morning in Asia as U.S. Republican Congressman Warren Davidson said Monday he filed a bill to restructure the SEC and in the process remove Gensler. The bill was backed by Republican Congressman Tom Emmer, but would need support from Democrats to go anywhere.\nCharlie Morris, managing partner of blockchain-focused venture capital CMCC Global, toldForkastin an email: “Rather than offering transparent regulation, the US is regulating by enforcement. This is resulting in uncertainty for project teams and investors, and markets do not like uncertainty.”\nMorris compared the U.S. approach to other regions: “It is interesting that this very negative approach to the digital asset sector appears to be localized in the U.S. This morning [UK Prime Minister] Rishi Sunak struck a very positive tone in welcoming Web3, andHong Konghas seen some very positive developments over the last couple of months.“\nOn Monday, Sunakwelcomedcrypto and blockchain-focused venture capital investor Andreessen Horowitz (a14z), which is setting up its first office outside of the U.S. in London.\nThe XRP token rose 1.07% to US$0.5243 Tuesday morning in Asia, bringing its weekly gain to 3.87%. Ripple Labs Inc., the cryptocurrency’s supervising entity, was sued by the SEC in December 2020, alleging XRP was offered and sold as an unregistered security.\nRipple Labs Chief Executive Officer Brad Garlinghouse on Monday made reference to the so-called “Hinman documents” named after former SEC director William Hinman, who said in an earlier speech that sales of the Ether token were not securities transactions. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nIn a Mondaytweet, Garlinghouse said the documents, expected to be unsealed on Tuesday, were “worth the wait.”\nRulings in the Ripple and SEC case are expected to have ramifications across the entire crypto industry in setting how U.S. authorities classify cryptocurrencies.\nThe total cryptocurrency market cap lost 0.58% to US$1.05 trillion in the last 24 hours, while daily trading volume increased by 26.85% to US$30.58 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.64% to 2,974.36 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 9.69% for the week.\nTotal NFT sales fell 10.56% to US$19.3 million. Sales on Ethereum, the leading blockchain by volume, fell 18.31% over the last 24 hours to US$11.49 million, according to CryptoSlamdata.\n“The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings is really beginning to impact the market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Bitcoin network was the second largest NFT network in terms of sales transactions, despite losing 28.04% to US$2.1 million in the last 24 hours.\nInscriptions – the metadata added and stored into the smallest unit of Bitcoin, or Satoshis – may get anupgradeto allow them to be larger than 4 megabytes. “Now an inscription can reference another inscription, allowing more data to be stored and referenced. Generative art, games, etc, can now probably be stored on-chain,” said Petscher.\nBitcoin Ordinals and inscriptions are two new features to Bitcoin that were introduced in 2023 — Ordinals are unique identifiers for individual satoshis, while inscriptions are a way to attach metadata to satoshis.\nMythos chain-based DMarket recorded the highest sales as an NFT collection on Cryptoslam, with US$1.08 million in daily sales. DMarket is a global marketplace for trading in-game NFT items and goods that are powered by the Mythos blockchain.\nEthereum-based Bored Ape Yacht Club recorded the second highest sales in the past 24 hours of US$908,147, but that was a steep decline of 45.51% in the 24 hours.\nU.S. stock futures were little changed as of 9:50 a.m. in Hong Kong after gains in regular trading the previous day. Dow Jones Industrial Average futures fell 0.035%, while Nasdaq Futures gained 0.17%. S&P 500 futures edged 0.058% higher.\nDuring Monday’s regular trading, the Dow climbed 0.56%. The S&P 500 added 0.93%, and the Nasdaq jumped 1.53%.\nThe gains came on expectations the Federal Reserve will leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\n“Despite a stubbornly robust labour market and still too-sticky inflation, the markets now expect the world’s most influential central bank to pause its interest hike agenda this month,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email\xa0 statement.\n“This will firmly signal that progress is being made in the battle to cool inflation and this will buoy investors across the board, finally providing a boost to sectors which have been unloved so far this year,” Green added.\nThe CME FedWatch Tool predicts a 80.4% chance the Fed will leave rates as is at this week’s meeting, and a 19.6% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\nThe monthly U.S. Consumer Price Index (CPI), a key inflation indicator, is released Tuesday for May and expectations are for a reading of 4.1% from 4.9% the prior month to indicate inflation is slowing, according toReuters.\n(updates with equity section)', 'Bitcoin rose in Tuesday morning trading in Asia, but failed to break through the US$26,000 ceiling. Ether slipped, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Solana and BNB led the losers. SEC chairman Gary Gensler doubled down on why he is suing crypto exchanges as two U.S. congressmen proposed a bill to restructure the SEC and remove Gensler. Meantime, Ripple awaits the release of critical evidence that may shape its separate legal battle with the SEC. Crypto mixed Bitcoin rose 0.12% over the last 24 hours to US$25,928 at 7:00 a.m. in Hong Kong, gaining 0.8% in the past seven days. Ether slipped 0.66% to US$1,742, posting a 3.6% loss for the week. Out of other top 10 cryptocurrencies, Solana and Binance\x92s BNB token were the biggest losers. The two are among those that the U.S. Securities and Exchange Commission (SEC) classified as illegally issued financial securities in lawsuits filed early last week against U.S. crypto exchanges Coinbase and Binance.US. The SEC has also filed to freeze the assets of Binance.US. Solana lost 2.18% to US$15.20 for a weekly slump of 23.98%. The BNB token fell 2.19% to US$230.60, a drop of 16.08% over the past week. Polygon and Cardano \x96 two other crypto tokens named by the SEC as securities \x96 gained on Tuesday morning but both are still down more than 20% since the SEC action. Polygon rose 1.40% to US$0.6434 for a weekly fall of 22.72%. Cardano gained 1.01% to US$0.2755 while losing 21.52% in value in the past week. SEC chairman Gary Gensler reemphasized the agency\x92s determination to strictly regulate the crypto sector in a repost on Twitter of his statement made last week. \x93There\x92s nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws,\x94 Gensler tweeted . The backlash against Gensler\x92s move to sue crypto exchanges is also growing:\xa0 #FireGaryGensler was trending on Twitter Tuesday morning in Asia as U.S. Republican Congressman Warren Davidson said Monday he filed a bill to restructure the SEC and in the process remove Gensler. The bill was backed by Republican Congressman Tom Emmer, but would need support from Democrats to go anywhere. Story continues Charlie Morris, managing partner of blockchain-focused venture capital CMCC Global, told Forkast in an email: \x93Rather than offering transparent regulation, the US is regulating by enforcement. This is resulting in uncertainty for project teams and investors, and markets do not like uncertainty.\x94 Morris compared the U.S. approach to other regions: \x93It is interesting that this very negative approach to the digital asset sector appears to be localized in the U.S. This morning [UK Prime Minister] Rishi Sunak struck a very positive tone in welcoming Web3, and Hong Kong has seen some very positive developments over the last couple of months.\x93 On Monday, Sunak welcomed crypto and blockchain-focused venture capital investor Andreessen Horowitz (a14z), which is setting up its first office outside of the U.S. in London. The XRP token rose 1.07% to US$0.5243 Tuesday morning in Asia, bringing its weekly gain to 3.87%. Ripple Labs Inc., the cryptocurrency\x92s supervising entity, was sued by the SEC in December 2020, alleging XRP was offered and sold as an unregistered security. Ripple Labs Chief Executive Officer Brad Garlinghouse on Monday made reference to the so-called \x93Hinman documents\x94 named after former SEC director William Hinman, who said in an earlier speech that sales of the Ether token were not securities transactions. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster its fair notice defense . In a Monday tweet , Garlinghouse said the documents, expected to be unsealed on Tuesday, were \x93worth the wait.\x94 Rulings in the Ripple and SEC case are expected to have ramifications across the entire crypto industry in setting how U.S. authorities classify cryptocurrencies. The total cryptocurrency market cap lost 0.58% to US$1.05 trillion in the last 24 hours, while daily trading volume increased by 26.85% to US$30.58 billion, according to CoinMarketCap data . NFTs lose ground The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.64% to 2,974.36 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 9.69% for the week. Total NFT sales fell 10.56% to US$19.3 million. Sales on Ethereum, the leading blockchain by volume, fell 18.31% over the last 24 hours to US$11.49 million, according to CryptoSlam data . \x93The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings is really beginning to impact the market,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. The Bitcoin network was the second largest NFT network in terms of sales transactions, despite losing 28.04% to US$2.1 million in the last 24 hours. Inscriptions \x96 the metadata added and stored into the smallest unit of Bitcoin, or Satoshis \x96 may get an upgrade to allow them to be larger than 4 megabytes. \x93Now an inscription can reference another inscription, allowing more data to be stored and referenced. Generative art, games, etc, can now probably be stored on-chain,\x94 said Petscher. Bitcoin Ordinals and inscriptions are two new features to Bitcoin that were introduced in 2023 \x97 Ordinals are unique identifiers for individual satoshis, while inscriptions are a way to attach metadata to satoshis. Mythos chain-based DMarket recorded the highest sales as an NFT collection on Cryptoslam, with US$1.08 million in daily sales. DMarket is a global marketplace for trading in-game NFT items and goods that are powered by the Mythos blockchain. Ethereum-based Bored Ape Yacht Club recorded the second highest sales in the past 24 hours of US$908,147, but that was a steep decline of 45.51% in the 24 hours. U.S. stock futures hold steady Federal Reserve Chairman Jerome Powell \| Image: Getty Images U.S. stock futures were little changed as of 9:50 a.m. in Hong Kong after gains in regular trading the previous day. Dow Jones Industrial Average futures fell 0.035%, while Nasdaq Futures gained 0.17%. S&P 500 futures edged 0.058% higher. During Monday\x92s regular trading, the Dow climbed 0.56%. The S&P 500 added 0.93%, and the Nasdaq jumped 1.53%. The gains came on expectations the Federal Reserve will leave interest rates unchanged when it meets on Wednesday, according to TradingEconomics . U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage. \x93Despite a stubbornly robust labour market and still too-sticky inflation, the markets now expect the world\x92s most influential central bank to pause its interest hike agenda this month,\x94 said Nigel Green, founder and chief executive officer of financial management group deVere, in an email\xa0 statement. \x93This will firmly signal that progress is being made in the battle to cool inflation and this will buoy investors across the board, finally providing a boost to sectors which have been unloved so far this year,\x94 Green added. The CME FedWatch Tool predicts a 80.4% chance the Fed will leave rates as is at this week\x92s meeting, and a 19.6% chance for another 25-basis-point rate hike. However, former Fed vice chair Roger Ferguson told CNBC last Friday that the central bank may raise rates later in the year even if it skips this time. The monthly U.S. Consumer Price Index (CPI), a key inflation indicator, is released Tuesday for May and expectations are for a reading of 4.1% from 4.9% the prior month to indicate inflation is slowing, according to Reuters . (updates with equity section)', 'Bitcoin rose in Tuesday morning trading in Asia, but failed to break through the US$26,000 ceiling. Ether slipped, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Solana and BNB led the losers. SEC chairman Gary Gensler doubled down on why he is suing crypto exchanges as two U.S. congressmen proposed a bill to restructure the SEC and remove Gensler. Meantime, Ripple awaits the release of critical evidence that may shape its separate legal battle with the SEC.\nBitcoin rose 0.12% over the last 24 hours to US$25,928 at 7:00 a.m. in Hong Kong, gaining 0.8% in the past seven days. Ether slipped 0.66% to US$1,742, posting a 3.6% loss for the week.\nOut of other top 10 cryptocurrencies, Solana and Binance’s BNB token were the biggest losers.\nThe two are among those that the U.S. Securities and Exchange Commission (SEC) classified as illegally issued financial securities in lawsuits filed early last week against U.S. crypto exchanges Coinbase and Binance.US. The SEC has also filed to freeze the assets of Binance.US.\nSolana lost 2.18% to US$15.20 for a weekly slump of 23.98%. The BNB token fell 2.19% to US$230.60, a drop of 16.08% over the past week.\nPolygon and Cardano – two other crypto tokens named by the SEC as securities – gained on Tuesday morning but both are still down more than 20% since the SEC action.\nPolygon rose 1.40% to US$0.6434 for a weekly fall of 22.72%. Cardano gained 1.01% to US$0.2755 while losing 21.52% in value in the past week.\nSEC chairman Gary Gensler reemphasized the agency’s determination to strictly regulate the crypto sector in a repost on Twitter of hisstatementmade last week. “There’s nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws,” Genslertweeted.\nThe backlash against Gensler’s move to sue crypto exchanges is also growing:\xa0 #FireGaryGensler was trending on Twitter Tuesday morning in Asia as U.S. Republican Congressman Warren Davidson said Monday he filed a bill to restructure the SEC and in the process remove Gensler. The bill was backed by Republican Congressman Tom Emmer, but would need support from Democrats to go anywhere.\nCharlie Morris, managing partner of blockchain-focused venture capital CMCC Global, toldForkastin an email: “Rather than offering transparent regulation, the US is regulating by enforcement. This is resulting in uncertainty for project teams and investors, and markets do not like uncertainty.”\nMorris compared the U.S. approach to other regions: “It is interesting that this very negative approach to the digital asset sector appears to be localized in the U.S. This morning [UK Prime Minister] Rishi Sunak struck a very positive tone in welcoming Web3, andHong Konghas seen some very positive developments over the last couple of months.“\nOn Monday, Sunakwelcomedcrypto and blockchain-focused venture capital investor Andreessen Horowitz (a14z), which is setting up its first office outside of the U.S. in London.\nThe XRP token rose 1.07% to US$0.5243 Tuesday morning in Asia, bringing its weekly gain to 3.87%. Ripple Labs Inc., the cryptocurrency’s supervising entity, was sued by the SEC in December 2020, alleging XRP was offered and sold as an unregistered security.\nRipple Labs Chief Executive Officer Brad Garlinghouse on Monday made reference to the so-called “Hinman documents” named after former SEC director William Hinman, who said in an earlier speech that sales of the Ether token were not securities transactions. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nIn a Mondaytweet, Garlinghouse said the documents, expected to be unsealed on Tuesday, were “worth the wait.”\nRulings in the Ripple and SEC case are expected to have ramifications across the entire crypto industry in setting how U.S. authorities classify cryptocurrencies.\nThe total cryptocurrency market cap lost 0.58% to US$1.05 trillion in the last 24 hours, while daily trading volume increased by 26.85% to US$30.58 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.64% to 2,974.36 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 9.69% for the week.\nTotal NFT sales fell 10.56% to US$19.3 million. Sales on Ethereum, the leading blockchain by volume, fell 18.31% over the last 24 hours to US$11.49 million, according to CryptoSlamdata.\n“The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings is really beginning to impact the market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Bitcoin network was the second largest NFT network in terms of sales transactions, despite losing 28.04% to US$2.1 million in the last 24 hours.\nInscriptions – the metadata added and stored into the smallest unit of Bitcoin, or Satoshis – may get anupgradeto allow them to be larger than 4 megabytes. “Now an inscription can reference another inscription, allowing more data to be stored and referenced. Generative art, games, etc, can now probably be stored on-chain,” said Petscher.\nBitcoin Ordinals and inscriptions are two new features to Bitcoin that were introduced in 2023 — Ordinals are unique identifiers for individual satoshis, while inscriptions are a way to attach metadata to satoshis.\nMythos chain-based DMarket recorded the highest sales as an NFT collection on Cryptoslam, with US$1.08 million in daily sales. DMarket is a global marketplace for trading in-game NFT items and goods that are powered by the Mythos blockchain.\nEthereum-based Bored Ape Yacht Club recorded the second highest sales in the past 24 hours of US$908,147, but that was a steep decline of 45.51% in the 24 hours.\nU.S. stock futures were little changed as of 9:50 a.m. in Hong Kong after gains in regular trading the previous day. Dow Jones Industrial Average futures fell 0.035%, while Nasdaq Futures gained 0.17%. S&P 500 futures edged 0.058% higher.\nDuring Monday’s regular trading, the Dow climbed 0.56%. The S&P 500 added 0.93%, and the Nasdaq jumped 1.53%.\nThe gains came on expectations the Federal Reserve will leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\n“Despite a stubbornly robust labour market and still too-sticky inflation, the markets now expect the world’s most influential central bank to pause its interest hike agenda this month,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email\xa0 statement.\n“This will firmly signal that progress is being made in the battle to cool inflation and this will buoy investors across the board, finally providing a boost to sectors which have been unloved so far this year,” Green added.\nThe CME FedWatch Tool predicts a 80.4% chance the Fed will leave rates as is at this week’s meeting, and a 19.6% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\nThe monthly U.S. Consumer Price Index (CPI), a key inflation indicator, is released Tuesday for May and expectations are for a reading of 4.1% from 4.9% the prior month to indicate inflation is slowing, according toReuters.\n(updates with equity section)', 'A new video has surfaced showing future Securities and Exchange Commission Chairman Gensler telling an audience of institutional investors that four cryptocurrencies are not securities, and that 75% of the overall crypto market at the time was outside that legal category. The video is from a crypto-themed institutional investor event hosted by Bloomberg and Fidelity in 2018, and it shows Gensler expressing sentiments that appear to contradict his more recent suggestions that all cryptocurrencies other than Bitcoin are securities. You can watch the relevant excerpt above. "Over 70% of the crypto market is Bitcoin , Ether , Litecoin, Bitcoin Cash. Why did I name those four? They’re not securities," Gensler tells the audience. "Three quarters of this [digital asset] market are not securities." The remarks came at a time when crypto was in the midst of a bull market, and precede Gensler\'s appointment as SEC chair by a little over two years. For the Bloomberg event, Gensler is identified as a senior MIT lecturer and a former chair of the Commodities Futures Trading Commission. Other videos have surfaced from Gensler\'s time at MIT that show him stating Ethereum is not a security. This video is arguably more significant since it shows the now-chair of the SEC providing guidance to hedge funds and other investors about the legal status of the crypto market. Crypto lawyer Preston Byrne has previously noted that Gensler\'s 2018 comments came in a personal capacity and not as a government official, and so are not material when it comes to the SEC\'s current legal position. Nonetheless, the comments likely will anger the crypto industry and many cryptocurrency owners, who claim Gensler failed to provide guidance about the legality of specific tokens before embarking on what many have called a "regulation by enforcement strategy." The most recent phase of Gensler\'s crackdown came last week when the SEC sued top crypto exchanges Binance and Coinbase for violating securities laws. In its legal complaints, the agency for the first time identified 13 cryptocurrencies—including major ones like Solana, Cardano, and Polygon—as securities for the first time. Story continues While Gensler has recently refused to say that Ethereum is not a security, the SEC has so far been silent about the other non-Bitcoin currencies cited in the Bloomberg speech. One of them, Litecoin, is an early competitor to Bitcoin that launched in 2011, while Bitcoin Cash was a so-called fork of the original cryptocurrency that garnered flash-in-the-pan success upon launching in 2017 but has since declined in relevance. Gensler\'s comments about the four cryptocurrencies not being securities came as part of a much broader speech during which he described crypto market dynamics and warned that many recently launched blockchain projects were outright scams. The now-SEC chair was introduced at the event as "my friend Gary Gensler" by Mike Novogratz, a hedge fund billionaire who runs the crypto fund Galaxy. The SEC declined to comment on the record about any potential conflicts between Gensler\'s 2018 remarks and the agency\'s current legal stance. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'A new video has surfaced showing future Securities and Exchange Commission Chairman Gensler telling an audience of institutional investors that four cryptocurrencies are not securities, and that 75% of the overall crypto market at the time was outside that legal category.\nThe video is from a crypto-themed institutional investor event hosted by Bloomberg and Fidelity in 2018, and it shows Gensler expressing sentiments thatappear to contradicthis more recent suggestions that all cryptocurrencies other than Bitcoin are securities. You can watch the relevant excerpt above.\n"Over 70% of the crypto market isBitcoin,Ether, Litecoin, Bitcoin Cash. Why did I name those four? They’re not securities," Gensler tells the audience. "Three quarters of this [digital asset] market are not securities."\nThe remarks came at a time when crypto was in the midst of a bull market, and precede Gensler\'s appointment as SEC chair by a little over two years. For the Bloomberg event, Gensler is identified as a senior MIT lecturer and a former chair of the Commodities Futures Trading Commission.\nOther videos have surfaced from Gensler\'s time at MIT that show him stating Ethereum is not a security. This video is arguably more significant since it shows the now-chair of the SEC providing guidance to hedge funds and other investors about the legal status of the crypto market.\nCrypto lawyer Preston Byrne has previouslynotedthat Gensler\'s 2018 comments came in a personal capacity and not as a government official, and so are not material when it comes to the SEC\'s current legal position. Nonetheless, the comments likely will anger the crypto industry and many cryptocurrency owners, who claim Gensler failed to provide guidance about the legality of specific tokens before embarking on what many have called a "regulation by enforcement strategy."\nThe most recent phase of Gensler\'s crackdown came last week when the SEC sued top crypto exchangesBinanceandCoinbasefor violating securities laws. In its legal complaints, the agency for the first time identified 13 cryptocurrencies—including major ones like Solana, Cardano, and Polygon—as securities for the first time.\nWhile Gensler has recentlyrefused to saythat Ethereum is not a security, the SEC has so far been silent about the other non-Bitcoin currencies cited in the Bloomberg speech. One of them, Litecoin, is an early competitor to Bitcoin that launched in 2011, while Bitcoin Cash was a so-called fork of the original cryptocurrency that garnered flash-in-the-pan success upon launching in 2017 but has since declined in relevance.\nGensler\'s comments about the four cryptocurrencies not being securities came as part of a much broader speech during which he described crypto market dynamics and warned that many recently launched blockchain projects were outright scams. The now-SEC chair was introduced at the event as "my friend Gary Gensler" by Mike Novogratz, a hedge fund billionaire who runs the crypto fund Galaxy.\nThe SEC declined to comment on the record about any potential conflicts between Gensler\'s 2018 remarks and the agency\'s current legal stance.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Good morning. Here’s what’s happening:\nPrices:It\'s a slow day for bitcoin and ether, but exchange tokens are the next ones to watch.\nInsights:Altcoins flagged in the SEC lawsuit last week have been doing better more recently. What\'s behind their stabilizing?\nBitcoin, Ether Trade Sideways\nCoinDesk Market Index (CMI)\n1,105\n+1.4▲0.1%\nBitcoin (BTC)\n$25,990\n+68.4▲0.3%\nEthereum (ETH)\n$1,747\n−2.1▼0.1%\nS&P 500\n4,338.93\n+40.1▲0.9%\nGold\n$1,974\n+12.1▲0.6%\nNikkei 225\n32,434.00\n+168.8▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,105", "+1.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,990", "+68.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,747", "\\u22122.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,338.93", "+40.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,974", "+12.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,434.00", "+168.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nAs Asia begins its trading day, bitcoin and ether are both flat, with the world’s largest digital assetup 0.3% to $25,990andether up 0.1% to $1,747.\nAs QCP Capital wrote in a recent note, this week will be “action-packed” with the U.S. CPI and June FOMC coming down the pipe.\n“This promises volatility on the horizon, and we might finally get the break in BTC/ETH that we\'ve started positioning for this month,” QCP wrote.\nIt just, however, needs to kick off – and that hasn’t happened quite yet.\nMeanwhile, the market might be thinking that the Securities and Exchange’s (SEC) case against Binance might be more bark than bite.\nData fromNansen.aishows that flow across all the chains it tracks went back into the green for Binance. Nansen shows that during the last 24 hours, Binance had a net flow of $470 million. This is certainly a pittance to the nearly$4 billion in valuethat has departed the exchange during the last week, but it is still a material amount that should be noted.\nBinance’s BNB tokenis still well within the red, but its price has begun to stabilize.CoinGecko datashows that other exchange tokens like OKB andCrypto.com’s CRO are deeper in the red than BNB, while decentralized exchange tokens like Uniswap are up.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nAltcoins Stabilize. What\'s Next?\nThe co-founder of crypto security firm De.Fi called the relative calm in altcoins flagged by U.S. Securities and Exchange lawsuits against Binance and Coinbase last week "mean regression.\n"People say, \'here\'s a buying opportunity, and let\'s come in and pick it up," Michael Rosmer told CoinDesk TV\'s "First Mover" Program on Monday in a conversation that initially focused on his company\'s report that crypto investors had lost $54 million in rug pulls.\nRead More:Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security FirmDe.Fi\nAll but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise.\nStill, those tokens were recently in the green over the past 24 hours. "Any time you get a very rapid sell-off, people are going to buy it and push it up on the other side," Rosmer said.\nBut he also struck an upbeat note, saying that people have probably realized that U.S. agencies do not want to drive projects out of the country. "It\'s noteworthy that they went after Coinbase and Binance," he said. They haven\'t gone and sued any of these projects directly. That\'s kind of telling."\nHe added: "Part of the reason is the government in the U.S. operates largely based on lobbying influences from the financial industry, and the financial industry would like to eventually be the player who plays as Coinbase or Binance themselves, as they want to kock those guys out but then still be able to have U.S.-based projects that get traded."\n2:00 p.m. HKT/SGT(6:00 UTC)Great Britain ILO Unemployment Rate (3M/April)\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Price Index ex Food & Energy (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto\nPrices stabilized Monday for Solana\'s SOL, Cardano\'s ADA and Polygon\'s MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firmDe.Fishowed.De.Fico-founder Michael Rosmer joined to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann joined the conversation.\nPolygon Takes Wraps Off Version 2.0:The protocol calls its latest version “the value layer of the Internet.”\nCrypto Investment Funds See 8th Consecutive Week of Outflows:Unfavorable monetary and regulatory policy continue to take a toll on the industry.\nBank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong:It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.\nBinance.US Market Depth Declines 76% in June Following SEC Lawsuit:Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.\nCanada\'s Largest University Starts XRP Validator in New Partnership With Ripple:The partnership between the University of Toronto and Ripple is part of the latter\'s University Blockchain Research Initiative (UBRI) in Canada.', 'Good morning. Here’s what’s happening:\nPrices:It\'s a slow day for bitcoin and ether, but exchange tokens are the next ones to watch.\nInsights:Altcoins flagged in the SEC lawsuit last week have been doing better more recently. What\'s behind their stabilizing?\nBitcoin, Ether Trade Sideways\nCoinDesk Market Index (CMI)\n1,105\n+1.4▲0.1%\nBitcoin (BTC)\n$25,990\n+68.4▲0.3%\nEthereum (ETH)\n$1,747\n−2.1▼0.1%\nS&P 500\n4,338.93\n+40.1▲0.9%\nGold\n$1,974\n+12.1▲0.6%\nNikkei 225\n32,434.00\n+168.8▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,105", "+1.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,990", "+68.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,747", "\\u22122.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,338.93", "+40.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,974", "+12.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,434.00", "+168.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nAs Asia begins its trading day, bitcoin and ether are both flat, with the world’s largest digital assetup 0.3% to $25,990andether up 0.1% to $1,747.\nAs QCP Capital wrote in a recent note, this week will be “action-packed” with the U.S. CPI and June FOMC coming down the pipe.\n“This promises volatility on the horizon, and we might finally get the break in BTC/ETH that we\'ve started positioning for this month,” QCP wrote.\nIt just, however, needs to kick off – and that hasn’t happened quite yet.\nMeanwhile, the market might be thinking that the Securities and Exchange’s (SEC) case against Binance might be more bark than bite.\nData fromNansen.aishows that flow across all the chains it tracks went back into the green for Binance. Nansen shows that during the last 24 hours, Binance had a net flow of $470 million. This is certainly a pittance to the nearly$4 billion in valuethat has departed the exchange during the last week, but it is still a material amount that should be noted.\nBinance’s BNB tokenis still well within the red, but its price has begun to stabilize.CoinGecko datashows that other exchange tokens like OKB andCrypto.com’s CRO are deeper in the red than BNB, while decentralized exchange tokens like Uniswap are up.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nAltcoins Stabilize. What\'s Next?\nThe co-founder of crypto security firm De.Fi called the relative calm in altcoins flagged by U.S. Securities and Exchange lawsuits against Binance and Coinbase last week "mean regression.\n"People say, \'here\'s a buying opportunity, and let\'s come in and pick it up," Michael Rosmer told CoinDesk TV\'s "First Mover" Program on Monday in a conversation that initially focused on his company\'s report that crypto investors had lost $54 million in rug pulls.\nRead More:Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security FirmDe.Fi\nAll but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise.\nStill, those tokens were recently in the green over the past 24 hours. "Any time you get a very rapid sell-off, people are going to buy it and push it up on the other side," Rosmer said.\nBut he also struck an upbeat note, saying that people have probably realized that U.S. agencies do not want to drive projects out of the country. "It\'s noteworthy that they went after Coinbase and Binance," he said. They haven\'t gone and sued any of these projects directly. That\'s kind of telling."\nHe added: "Part of the reason is the government in the U.S. operates largely based on lobbying influences from the financial industry, and the financial industry would like to eventually be the player who plays as Coinbase or Binance themselves, as they want to kock those guys out but then still be able to have U.S.-based projects that get traded."\n2:00 p.m. HKT/SGT(6:00 UTC)Great Britain ILO Unemployment Rate (3M/April)\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Price Index ex Food & Energy (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto\nPrices stabilized Monday for Solana\'s SOL, Cardano\'s ADA and Polygon\'s MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firmDe.Fishowed.De.Fico-founder Michael Rosmer joined to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann joined the conversation.\nPolygon Takes Wraps Off Version 2.0:The protocol calls its latest version “the value layer of the Internet.”\nCrypto Investment Funds See 8th Consecutive Week of Outflows:Unfavorable monetary and regulatory policy continue to take a toll on the industry.\nBank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong:It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.\nBinance.US Market Depth Declines 76% in June Following SEC Lawsuit:Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.\nCanada\'s Largest University Starts XRP Validator in New Partnership With Ripple:The partnership between the University of Toronto and Ripple is part of the latter\'s University Blockchain Research Initiative (UBRI) in Canada.', 'Good morning. Here’s what’s happening: Prices: It\'s a slow day for bitcoin and ether, but exchange tokens are the next ones to watch. Insights: Altcoins flagged in the SEC lawsuit last week have been doing better more recently. What\'s behind their stabilizing? Prices Bitcoin, Ether Trade Sideways CoinDesk Market Index (CMI) 1,105 +1.4 ▲ 0.1% Bitcoin (BTC) $25,990 +68.4 ▲ 0.3% Ethereum (ETH) $1,747 −2.1 ▼ 0.1% S&P 500 4,338.93 +40.1 ▲ 0.9% Gold $1,974 +12.1 ▲ 0.6% Nikkei 225 32,434.00 +168.8 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,105 +1.4 ▲ 0.1% Bitcoin (BTC) $25,990 +68.4 ▲ 0.3% Ethereum (ETH) $1,747 −2.1 ▼ 0.1% S&P 500 4,338.93 +40.1 ▲ 0.9% Gold $1,974 +12.1 ▲ 0.6% Nikkei 225 32,434.00 +168.8 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) As Asia begins its trading day, bitcoin and ether are both flat, with the world’s largest digital asset up 0.3% to $25,990 and ether up 0.1% to $1,747 . As QCP Capital wrote in a recent note, this week will be “action-packed” with the U.S. CPI and June FOMC coming down the pipe. “This promises volatility on the horizon, and we might finally get the break in BTC/ETH that we\'ve started positioning for this month,” QCP wrote. It just, however, needs to kick off – and that hasn’t happened quite yet. Meanwhile, the market might be thinking that the Securities and Exchange’s (SEC) case against Binance might be more bark than bite. Data from Nansen.ai shows that flow across all the chains it tracks went back into the green for Binance. Nansen shows that during the last 24 hours, Binance had a net flow of $470 million. This is certainly a pittance to the nearly $4 billion in value that has departed the exchange during the last week, but it is still a material amount that should be noted. Binance’s BNB token is still well within the red, but its price has begun to stabilize. CoinGecko data shows that other exchange tokens like OKB and Crypto.com ’s CRO are deeper in the red than BNB, while decentralized exchange tokens like Uniswap are up. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +3.4% Smart Contract Platform Loopring LRC +1.6% Smart Contract Platform Polygon MATIC +1.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −2.4% Smart Contract Platform Avalanche AVAX −0.7% Smart Contract Platform Ethereum ETH −0.6% Smart Contract Platform Insights Altcoins Stabilize. What\'s Next? The co-founder of crypto security firm De.Fi called the relative calm in altcoins flagged by U.S. Securities and Exchange lawsuits against Binance and Coinbase last week "mean regression. "People say, \'here\'s a buying opportunity, and let\'s come in and pick it up," Michael Rosmer told CoinDesk TV\'s "First Mover" Program on Monday in a conversation that initially focused on his company\'s report that crypto investors had lost $54 million in rug pulls. Read More: Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi All but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise. Still, those tokens were recently in the green over the past 24 hours. "Any time you get a very rapid sell-off, people are going to buy it and push it up on the other side," Rosmer said. But he also struck an upbeat note, saying that people have probably realized that U.S. agencies do not want to drive projects out of the country. "It\'s noteworthy that they went after Coinbase and Binance," he said. They haven\'t gone and sued any of these projects directly. That\'s kind of telling." He added: "Part of the reason is the government in the U.S. operates largely based on lobbying influences from the financial industry, and the financial industry would like to eventually be the player who plays as Coinbase or Binance themselves, as they want to kock those guys out but then still be able to have U.S.-based projects that get traded." Important events. 2:00 p.m. HKT/SGT(6:00 UTC) Great Britain ILO Unemployment Rate (3M/April) 2:00 p.m. HKT/SGT(6:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/May) 8:30 p.m. HKT/SGT(12:30 UTC) United States Price Index ex Food & Energy (YoY/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto Prices stabilized Monday for Solana\'s SOL, Cardano\'s ADA and Polygon\'s MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firm De.Fi showed. De.Fi co-founder Michael Rosmer joined to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann joined the conversation. Headlines Polygon Takes Wraps Off Version 2.0 : The protocol calls its latest version “the value layer of the Internet.” Crypto Investment Funds See 8th Consecutive Week of Outflows : Unfavorable monetary and regulatory policy continue to take Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,919,979,875 - Hash Rate: 374390301.4820418 - Transaction Count: 410483.0 - Unique Addresses: 682607.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Block SQ reported first-quarter 2023 adjusted earnings of 40 cents per share, beating the Zacks Consensus Estimate by 29%. The figure improved by 122.2% year over year. Net revenues of $4.99 billion surpassed the Zacks Consensus Estimate of $4.58 billion. The top line increased by 26% from the prior-year quarter. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.27 billion to net revenues for the reported quarter, up 33% year over year. Block witnessed solid traction across the Square ecosystem, generating $1.67 billion in net revenues, up 15% year over year. The company’s Corporate & Other — comprising the global music and entertainment platform TIDAL — generated $51 million in net revenues for the first quarter. Further, Block witnessed strong growth in transaction and subscription revenues. Additionally, accelerating gross payment volume (GPV) drove the results. Block, Inc. Price, Consensus and EPS Surprise Block, Inc. Price, Consensus and EPS Surprise Block, Inc. price-consensus-eps-surprise-chart \| Block, Inc. Quote GPV GPV in the first quarter amounted to $51.12 billion, up 17% from the year-ago quarter. This was driven by strength across the Square ecosystem. Notably, Square’s GPV was $46.2 billion (90.4% of the total GPV) in the first quarter, up 17% year over year. Cash App, which accounted for $4.9 billion of the overall GPV (9.6%), remained a positive. The figure increased by 24% year over year. Block continued to experience improvement in its card-present volumes in the reported quarter. Card-present GPV was up 21% from the year-ago quarter. The company’s card-not-present GPV reflected year-over-year growth of 10% in the first quarter. Top Line Details Transaction (28.5% of net revenues): The company generated transaction revenues of $1.42 billion, up 15% year over year. Strong Square ecosystem accounted for $1.29 billion in transaction revenues, up 15% year over year. Further, Cash App contributed $135 million to transaction revenues, up 23% year over year, owing to the rising number of transactions and business accounts. Subscription and Services (27.4% of net revenues): The company generated $1.37 billion in revenues from this category, jumping 42% from the year-ago quarter. The improvement can be attributed to a strong performance by the Square ecosystem, which contributed $342 million to subscription and service revenues, up 21% year over year. Further, Cash App contributed $974 million to the category’s top line. The figure was up 56% from the year-ago quarter. Moreover, a well-performing BNPL platform contributed well. Hardware (0.7% of net revenues): Block generated revenues of $37 million from the business, which grew 0.3% year over year. Bitcoin (43.4% of net revenues): The company generated revenues of $2.2 billion from the category, up 25% year over year. Story continues Operating Details Per management, gross profit grew 32% from the year-ago quarter to $1.7 billion. The gross margin expanded by 170 basis points (bps) year over year to 34.4%. Adjusted EBITDA was $368 million in the reported quarter, up 89% year over year. Operating expenses were $1.7 billion, up 13% from the prior-year quarter. Product development expenses were $627 million, up 37% year over year, primarily due to rising headcount and personnel costs in the engineering, data science and design teams. General and administrative expenses were $433 million, down 3% from the prior-year quarter. Sales and marketing costs were $496 million, up 11% year over year due to an increase in Cash App peer-to-peer processing costs. The adjusted operating income was $51 million in the reported quarter compared with an operating loss of $42 million reported in the year-ago quarter. Balance Sheet & Cash Flow As of Mar 31, 2023, the cash and cash equivalent balance was $5.1 billion, up from $4.54 billion on Dec 31, 2022. Short-term investments were $1.02 billion for the reported quarter, down from $1.08 billion in the previous quarter. Long-term debt was $4.1112 billion compared with $4.109 billion in the prior quarter. The company generated $294.4 million in cash from operations in the reported quarter. Zacks Rank & Stocks to Consider Currently, Block has a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Crypto traders are optimistic about the Fed skipping a rate hike. Insights: Hong Kong has rules for crypto, but they aren\'t that great. Prices CoinDesk Market Index (CMI) 1,103 −0.3 ▼ 0.0% Bitcoin (BTC) $25,948 +52.6 ▲ 0.2% Ethereum (ETH) $1,740 −1.7 ▼ 0.1% S&P 500 4,369.01 +30.1 ▲ 0.7% Gold $1,957 +1.7 ▲ 0.1% Nikkei 225 33,018.65 +584.7 ▲ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,103 −0.3 ▼ 0.0% Bitcoin (BTC) $25,948 +52.6 ▲ 0.2% Ethereum (ETH) $1,740 −1.7 ▼ 0.1% S&P 500 4,369.01 +30.1 ▲ 0.7% Gold $1,957 +1.7 ▲ 0.1% Nikkei 225 33,018.65 +584.7 ▲ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is opening Asia’s trading day at $25,948, up 0.2%, while ether is at $1,740, down 0.1%. Edward Moya, a Senior Market Analyst with OANDA, sees the likely possibility of the Fed skipping a rate hike on Wednesday ( prediction markets are giving it a 96% chance of happening) and increased regulatory scrutiny of altcoins as fuel for bitcoin’s support. "Cooling inflation report is fueling this bull market as the Fed should have no problem skipping a rate hike on Wednesday. Wall Street is becoming a little bit hopeful here that an FOMC June skip could eventually become a July pause," Moya said in a note. “Bitcoin remains stable around the $26,000 level as investors consider reducing altcoin exposure and increasing Bitcoin holdings.” Driven by falling car wholesale prices and weaker consumer support, disinflation, alongside the likely rate hike skip, is causing a decrease in the dollar\'s value, Moya observes, and a steady demand for used vehicles, and clothing among other necessities; China\'s stimulus package and expected Saudi oil price cuts have uplifted crude oil prices, and while low inflation initially boosted gold, continued stock growth may limit its rise. Story continues At the same time, one key bitcoin technical analysis indicator, the moving average convergence divergence (MACD), has flipped bearish , signaling a possible extended price slide, despite Bitcoin maintaining support at $25K. In CoinDesk’s coverage of this, however, analysts noted U.S. inflation figures and the Fed’s possible rate hike skip could also impact Bitcoin\'s price performance. Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +1.2% Smart Contract Platform Terra LUNA +0.7% Smart Contract Platform Chainlink LINK +0.7% Computing Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −2.9% Currency Solana SOL −2.5% Smart Contract Platform Polygon MATIC −2.4% Smart Contract Platform Insights Hong Kong\'s Crypto Rules Aren\'t Going to Bring in Exchanges Amid an ongoing lawsuit from the Securities and Exchange Commission (SEC), one Hong Kong lawmaker has invited Coinbase to set up shop in the territory. After all, Hong Kong is in the process of making rules for crypto . In the U.S., Coinbase has to sue to try and compel the SEC to make rules for it to operate. So on paper Coinbase making a move to another jurisdiction would make sense, and Hong Kong, with its rulebook and traditional position as a fast-moving market hub in Asia, would be a logical place to move to. In theory. But the reality on the ground is that Hong Kong’s rulebook itself isn’t all that attractive to crypto exchanges. First, the number of tokens available to trade will be limited compared to what users can expect from established exchanges. Per rules from the Securities and Futures Commission, Hong Kong’s securities watchdog, there needs to be a 12-month cooling off between token launch and listing. Stablecoins are banned, as are crypto derivatives, earn or lend programs and likely staking services too. Airdrops are a huge no-no. “Hong Kong\'s framework as it exists today is highly unattractive. The market is small and unproven, banking partnerships are non-existent, and products are highly restricted,” Leo Weese, co-founder and President of the Bitcoin Association of Hong Kong, told CoinDesk. Weese says that the Asian markets are “fundamentally different” from their Western counterparts, and Coinbase would not automatically succeed in Hong Kong, even if they were willing to give up their current customer base. “What makes Hong Kong potentially attractive is that many tokens are not deemed securities, and those that are do not need to be registered like in the United States, making it possible to offer trading for tokens that are deemed unregistered securities elsewhere, such as decentralized protocols,” he said. At the same time, Weese notes, moving to Hong Kong will not automatically shield Coinbase from U.S. regulation or the arm of the SEC. BitMex, which calls Hong Kong home, got ensnared in U.S. regulatory regime despite its tenuous ties to the United States. And so did Binance – its mothership and founder squarely offshore. So even if Coinbase were to make the move, it wouldn’t be a very productive decision. Important events. 2:00 a.m. HKT/SGT(18:00 UTC) United States Fed Interest Rate Decision 5:45 a.m. HKT/SGT(21:45 UTC) New Zealand Gross Domestic Product (YoY/Q1) 7:50 a.m. HKT/SGT(23:50 UTC) Japan Exports (YoY/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : U.S. Inflation Cools in May; Bitcoin Rises The U.S. Consumer Price Index (CPI) for May came in softer than expected, rising just 0.1% in May versus 0.4% in April, according to the Bureau of Labor Statistics. The news came one day ahead of the results of the Fed\'s latest monetary policy meeting. Clara Medalie, Kaiko Director of Research, joined "First Mover" for market reaction. Plus, Willkie Farr & Gallagher LLP Counsel Mike Selig joined to discuss what the SEC\'s actions against Binance and Coinbase will mean for crypto. And, John Melican, Elliptic Chief Legal Officer, joined us to discuss new findings revealing attackers behind this month’s $35 million exploit of crypto wallet Atomic Wallet are moving stolen funds via OFAC-sanctioned exchange Garantex. Headlines Bitcoin Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024 : The company expects to raise more capital to fund its mining business. Binance Goes to Court Against the SEC : Binance and Binance.US have made their case against the SEC\'s motion to freeze all Binance.US funds. Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins : The combined market capitalization of BTC, ETH and stablecoins reached the highest level since February 2021, digital asset research firm K33 Research noted. Why the XRP Army Keeps Fighting : XRP’s uber-passionate supporters believe the SEC unfairly targeted Ripple for securities violations while mysteriously giving Ethereum a free pass. Do they have a point? Uniswap Labs Releases Its Plan for Uniswap v4, Invites Community Feedback : The biggest decentralized crypto exchange is opening its development process to the public for the first time as the SEC cracks down on its centralized competitors.', 'Good morning. Here’s what’s happening:\nPrices:Crypto traders are optimistic about the Fed skipping a rate hike.\nInsights:Hong Kong has rules for crypto, but they aren\'t that great.\nCoinDesk Market Index (CMI)\n1,103\n−0.3▼0.0%\nBitcoin (BTC)\n$25,948\n+52.6▲0.2%\nEthereum (ETH)\n$1,740\n−1.7▼0.1%\nS&P 500\n4,369.01\n+30.1▲0.7%\nGold\n$1,957\n+1.7▲0.1%\nNikkei 225\n33,018.65\n+584.7▲1.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,103", "\\u22120.3\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,948", "+52.6\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,740", "\\u22121.7\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,369.01", "+30.1\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,957", "+1.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,018.65", "+584.7\\u25b21.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is opening Asia’s trading day at $25,948, up 0.2%, while ether is at $1,740, down 0.1%.\nEdward Moya, a Senior Market Analyst with OANDA, sees the likely possibility of the Fed skipping a rate hike on Wednesday (prediction marketsare giving it a 96% chance of happening) and increased regulatory scrutiny of altcoins as fuel for bitcoin’s support.\n"Cooling inflation report is fueling this bull market as the Fed should have no problem skipping a rate hike on Wednesday. Wall Street is becoming a little bit hopeful here that an FOMC June skip could eventually become a July pause," Moya said in a note. “Bitcoin remains stable around the $26,000 level as investors consider reducing altcoin exposure and increasing Bitcoin holdings.”\nDriven by falling car wholesale prices and weaker consumer support, disinflation, alongside the likely rate hike skip, is causing a decrease in the dollar\'s value, Moya observes, and a steady demand for used vehicles, and clothing among other necessities; China\'s stimulus package and expected Saudi oil price cuts have uplifted crude oil prices, and while low inflation initially boosted gold, continued stock growth may limit its rise.\nAt the same time, one key bitcoin technical analysis indicator, the moving average convergence divergence (MACD),has flipped bearish, signaling a possible extended price slide, despite Bitcoin maintaining support at $25K. In CoinDesk’s coverage of this, however, analysts noted U.S. inflation figures and the Fed’s possible rate hike skip could also impact Bitcoin\'s price performance.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.7%", "DACS Sector": "Computing"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.9%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}]\nHong Kong\'s Crypto Rules Aren\'t Going to Bring in Exchanges\nAmid anongoing lawsuitfrom the Securities and Exchange Commission (SEC), one Hong Kong lawmaker hasinvited Coinbase to set up shopin the territory.\nAfter all, Hong Kong is in theprocess of making rules for crypto. In the U.S., Coinbasehas to sue to try and compel the SEC to make rulesfor it to operate.\nSo on paper Coinbase making a move to another jurisdiction would make sense, and Hong Kong, with its rulebook and traditional position as a fast-moving market hub in Asia, would be a logical place to move to.\nIn theory.\nBut the reality on the ground is that Hong Kong’s rulebook itselfisn’t all that attractiveto crypto exchanges.\nFirst, the number of tokens available to trade will be limited compared to what users can expect from established exchanges.\nPer rules from the Securities and Futures Commission, Hong Kong’s securities watchdog, there needs to be a 12-month cooling off between token launch and listing. Stablecoins are banned, as are crypto derivatives, earn or lend programs and likely staking services too. Airdrops are a huge no-no.\n“Hong Kong\'s framework as it exists today is highly unattractive. The market is small and unproven, banking partnerships are non-existent, and products are highly restricted,” Leo Weese, co-founder and President of the Bitcoin Association of Hong Kong, told CoinDesk.\nWeese says that the Asian markets are “fundamentally different” from their Western counterparts, and Coinbase would not automatically succeed in Hong Kong, even if they were willing to give up their current customer base.\n“What makes Hong Kong potentially attractive is that many tokens are not deemed securities, and those that are do not need to be registered like in the United States, making it possible to offer trading for tokens that are deemed unregistered securities elsewhere, such as decentralized protocols,” he said.\nAt the same time, Weese notes, moving to Hong Kong will not automatically shield Coinbase from U.S. regulation or the arm of the SEC.\nBitMex, which calls Hong Kong home,got ensnared in U.S. regulatory regimedespite its tenuous ties to the United States. And so did Binance – its mothership and founder squarely offshore.\nSo even if Coinbase were to make the move, it wouldn’t be a very productive decision.\n2:00 a.m. HKT/SGT(18:00 UTC)United States Fed Interest Rate Decision\n5:45 a.m. HKT/SGT(21:45 UTC)New Zealand Gross Domestic Product (YoY/Q1)\n7:50 a.m. HKT/SGT(23:50 UTC)Japan Exports (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nU.S. Inflation Cools in May; Bitcoin Rises\nThe U.S. Consumer Price Index (CPI) for May came in softer than expected, rising just 0.1% in May versus 0.4% in April, according to the Bureau of Labor Statistics. The news came one day ahead of the results of the Fed\'s latest monetary policy meeting. Clara Medalie, Kaiko Director of Research, joined "First Mover" for market reaction. Plus, Willkie Farr & Gallagher LLP Counsel Mike Selig joined to discuss what the SEC\'s actions against Binance and Coinbase will mean for crypto. And, John Melican, Elliptic Chief Legal Officer, joined us to discuss new findings revealing attackers behind this month’s $35 million exploit of crypto wallet Atomic Wallet are moving stolen funds via OFAC-sanctioned exchange Garantex.\nBitcoin Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024:The company expects to raise more capital to fund its mining business.\nBinance Goes to Court Against the SEC:Binance andBinance.UShave made their case against the SEC\'s motion to freeze allBinance.USfunds.\nBitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins:The combined market capitalization of BTC, ETH and stablecoins reached the highest level since February 2021, digital asset research firm K33 Research noted.\nWhy the XRP Army Keeps Fighting:XRP’s uber-passionate supporters believe the SEC unfairly targeted Ripple for securities violations while mysteriously giving Ethereum a free pass. Do they have a point?\nUniswap Labs Releases Its Plan for Uniswap v4, Invites Community Feedback:The biggest decentralized crypto exchange is opening its development process to the public for the first time as the SEC cracks down on its centralized competitors.', 'Bitcoin fell in Wednesday morning trading in Asia, remaining stuck under the US$26,000 resistance line. Ether also lost ground, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. The BNB token of the Binance crypto exchange marked the biggest gains among the top 10 after a U.S. court denied the financial regulator’s request to freeze the assets of the Binance.US exchange.\nBitcoin fell 0.38% over the last 24 hours to US$25,835.15 at 7:00 a.m. in Hong Kong, losing 4.87% in the last week and repeatedly failing to break through resistance at US$26,000 following thelawsuitsfiled last week against U.S. crypto trading platforms by the Securities and Exchange Commission (SEC).\nEther dipped 0.49% to US$1,734.63, posting a 7.87%% loss for the week.\nBitcoin is struggling to move above $26,000 because of the fear in the crypto market and despite the optimism in equities, Alex Kuptsikevich, senior market analyst at online brokerage firm FxPro said in emailed comments.\n“The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),” Kuptsikevich noted. “Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. The second scenario seems more likely.”\nOther top 10 cryptocurrencies were mixed. Binance’s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%.\nThe BNB gains came after a U.S. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. arm of the world’s largest cryptocurrency exchange.\nThe judge’s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Both exchanges have rejected the allegations.\n“According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% – levels last seen in 2017. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,” said Kuptsikevich.\nIn other developments involving the SEC and crypto, Ripple’s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday’s long-awaited unveiling of the so-called “Hinman documents,” named after former SEC corporate finance director William Hinman.\nRipple Labs Inc. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. The company had sought the unsealing of thedocumentswhich reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nRipple’s chief legal officer Stuart Alderotywroteon Twitter Tuesday that the documents show: “Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law” and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction.\n“Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t – as Hinman tried – create new law,” Alderoty said.\nThe total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.92% for the week.\n“The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. History tells us that it’s new projects that a majority of investors’ funds will go into.”\nTotal NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according toCryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours.\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — rose 69.42% to US$1.39 million.\nBored Ape Yacht Club sales gained 25.14% to US$1.3 million.\n“Art is still hot, with multiple Fidenzas selling for six figures recently and plenty of hype leading up to the Sotheby’s grails auctions coming this week,” Petscher added.Fidenzarefers to a collection of 999 NFTs created by the artist Tyler Hobbs using computer algorithms.\nSotheby’s is auctioning theGrailsdigital art collection on Wednesday. The collection consists of NFT artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nU.S. stock futures were mixed as of 9:30 a.m. in Hong Kong after equities gained for the fourth consecutive day during regular trading on Tuesday. Dow Jones Industrial Average futures fell 0.24%, S&P 500 futures edged 0.034% lower while Nasdaq Futures gained 0.028%.\nDuring Monday’s regular trading, the Dow climbed 0.43%. The S&P 500 added 0.69%, and the Nasdaq Composite gained 0.83%.\nTuesday’s U.S. Consumer Price Index (CPI) report showed that inflation grew at a 4% annual rate in May, compared to 4.9% in April. The CPI was the lowest yearly inflation rate since March 2021, leaving investors hopeful for a pause in the Federal Reserve’s run of interest rate hikes to curb price inflation.\n“It’s a feel-good headline figure that will cheer investors as it will add further pressure on the Fed to pause its interest rate hike agenda,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The U.S. central bank is now 15 months and 10 consecutive rate increases into its battle to cool red-hot inflation, but markets will be expecting that the latest CPI report will now be enough to convince officials to hit the pause button,” Green said.\nThe U.S. central bank is expected to leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\nThe CME FedWatch Toolpredictsa 94.2% chance the Fed will leave rates as is at this week’s meeting, up from 80.4% the previous day.\nHowever, Green of deVere Group warned of more hikes this year — “Inflation is certainly coming down so far, but it is very, very gradual. It remains sticky and a long way from the 2% target, largely due to a tight labor market.”\nFormer Fed vice chair Roger Ferguson also toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\n(Updates with equities section)', 'Bitcoin fell in Wednesday morning trading in Asia, remaining stuck under the US$26,000 resistance line. Ether also lost ground, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. The BNB token of the Binance crypto exchange marked the biggest gains among the top 10 after a U.S. court denied the financial regulator’s request to freeze the assets of the Binance.US exchange.\nBitcoin fell 0.38% over the last 24 hours to US$25,835.15 at 7:00 a.m. in Hong Kong, losing 4.87% in the last week and repeatedly failing to break through resistance at US$26,000 following thelawsuitsfiled last week against U.S. crypto trading platforms by the Securities and Exchange Commission (SEC).\nEther dipped 0.49% to US$1,734.63, posting a 7.87%% loss for the week.\nBitcoin is struggling to move above $26,000 because of the fear in the crypto market and despite the optimism in equities, Alex Kuptsikevich, senior market analyst at online brokerage firm FxPro said in emailed comments.\n“The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),” Kuptsikevich noted. “Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. The second scenario seems more likely.”\nOther top 10 cryptocurrencies were mixed. Binance’s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%.\nThe BNB gains came after a U.S. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. arm of the world’s largest cryptocurrency exchange.\nThe judge’s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Both exchanges have rejected the allegations.\n“According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% – levels last seen in 2017. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,” said Kuptsikevich.\nIn other developments involving the SEC and crypto, Ripple’s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday’s long-awaited unveiling of the so-called “Hinman documents,” named after former SEC corporate finance director William Hinman.\nRipple Labs Inc. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. The company had sought the unsealing of thedocumentswhich reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nRipple’s chief legal officer Stuart Alderotywroteon Twitter Tuesday that the documents show: “Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law” and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction.\n“Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t – as Hinman tried – create new law,” Alderoty said.\nThe total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.92% for the week.\n“The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. History tells us that it’s new projects that a majority of investors’ funds will go into.”\nTotal NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according toCryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours.\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — rose 69.42% to US$1.39 million.\nBored Ape Yacht Club sales gained 25.14% to US$1.3 million.\n“Art is still hot, with multiple Fidenzas selling for six figures recently and plenty of hype leading up to the Sotheby’s grails auctions coming this week,” Petscher added.Fidenzarefers to a collection of 999 NFTs created by the artist Tyler Hobbs using computer algorithms.\nSotheby’s is auctioning theGrailsdigital art collection on Wednesday. The collection consists of NFT artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nU.S. stock futures were mixed as of 9:30 a.m. in Hong Kong after equities gained for the fourth consecutive day during regular trading on Tuesday. Dow Jones Industrial Average futures fell 0.24%, S&P 500 futures edged 0.034% lower while Nasdaq Futures gained 0.028%.\nDuring Monday’s regular trading, the Dow climbed 0.43%. The S&P 500 added 0.69%, and the Nasdaq Composite gained 0.83%.\nTuesday’s U.S. Consumer Price Index (CPI) report showed that inflation grew at a 4% annual rate in May, compared to 4.9% in April. The CPI was the lowest yearly inflation rate since March 2021, leaving investors hopeful for a pause in the Federal Reserve’s run of interest rate hikes to curb price inflation.\n“It’s a feel-good headline figure that will cheer investors as it will add further pressure on the Fed to pause its interest rate hike agenda,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The U.S. central bank is now 15 months and 10 consecutive rate increases into its battle to cool red-hot inflation, but markets will be expecting that the latest CPI report will now be enough to convince officials to hit the pause button,” Green said.\nThe U.S. central bank is expected to leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\nThe CME FedWatch Toolpredictsa 94.2% chance the Fed will leave rates as is at this week’s meeting, up from 80.4% the previous day.\nHowever, Green of deVere Group warned of more hikes this year — “Inflation is certainly coming down so far, but it is very, very gradual. It remains sticky and a long way from the 2% target, largely due to a tight labor market.”\nFormer Fed vice chair Roger Ferguson also toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\n(Updates with equities section)', 'Bitcoin fell in Wednesday morning trading in Asia, remaining stuck under the US$26,000 resistance line. Ether also lost ground, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. The BNB token of the Binance crypto exchange marked the biggest gains among the top 10 after a U.S. court denied the financial regulator\x92s request to freeze the assets of the Binance.US exchange. Fear & Greed Bitcoin fell 0.38% over the last 24 hours to US$25,835.15 at 7:00 a.m. in Hong Kong, losing 4.87% in the last week and repeatedly failing to break through resistance at US$26,000 following the lawsuits filed last week against U.S. crypto trading platforms by the Securities and Exchange Commission (SEC). Ether dipped 0.49% to US$1,734.63, posting a 7.87%% loss for the week. Bitcoin is struggling to move above $26,000 because of the fear in the crypto market and despite the optimism in equities, Alex Kuptsikevich, senior market analyst at online brokerage firm FxPro said in emailed comments. \x93The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),\x94 Kuptsikevich noted. \x93Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. The second scenario seems more likely.\x94 Other top 10 cryptocurrencies were mixed. Binance\x92s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%. The BNB gains came after a U.S. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. arm of the world\x92s largest cryptocurrency exchange. The judge\x92s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Both exchanges have rejected the allegations. Story continues \x93According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% \x96 levels last seen in 2017. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,\x94 said Kuptsikevich. In other developments involving the SEC and crypto, Ripple\x92s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday\x92s long-awaited unveiling of the so-called \x93Hinman documents,\x94 named after former SEC corporate finance director William Hinman. Ripple Labs Inc. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. The company had sought the unsealing of the documents which reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster its fair notice defense . Ripple\x92s chief legal officer Stuart Alderoty wrote on Twitter Tuesday that the documents show: \x93Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law\x94 and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction. \x93Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can\x92t \x96 as Hinman tried \x96 create new law,\x94 Alderoty said. The total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCap data . NFT market on downtrend The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.92% for the week. \x93The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. History tells us that it\x92s new projects that a majority of investors\x92 funds will go into.\x94 Total NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according to CryptoSlam data. The Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours. Transactions of Uncategorized Ordinals \x97 unique digital assets on the Bitcoin network that are not identified as part of one established collection \x97 rose 69.42% to US$1.39 million. Bored Ape Yacht Club sales gained 25.14% to US$1.3 million. \x93Art is still hot, with multiple Fidenzas selling for six figures recently and plenty of hype leading up to the Sotheby\x92s grails auctions coming this week,\x94 Petscher added. Fidenza refers to a collection of 999 NFTs created by the artist Tyler Hobbs using computer algorithms. Sotheby\x92s is auctioning the Grails digital art collection on Wednesday. The collection consists of NFT artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital. U.S. stock futures mixed Federal Reserve Board Chairman Jerome Powell (Left), Securities and Exchange Commission Chair Gary Gensler (Right) \| Image: Getty Images U.S. stock futures were mixed as of 9:30 a.m. in Hong Kong after equities gained for the fourth consecutive day during regular trading on Tuesday. Dow Jones Industrial Average futures fell 0.24%, S&P 500 futures edged 0.034% lower while Nasdaq Futures gained 0.028%. During Monday\x92s regular trading, the Dow climbed 0.43%. The S&P 500 added 0.69%, and the Nasdaq Composite gained 0.83%. Tuesday\x92s U.S. Consumer Price Index (CPI) report showed that inflation grew at a 4% annual rate in May, compared to 4.9% in April. The CPI was the lowest yearly inflation rate since March 2021, leaving investors hopeful for a pause in the Federal Reserve\x92s run of interest rate hikes to curb price inflation. \x93It\x92s a feel-good headline figure that will cheer investors as it will add further pressure on the Fed to pause its interest rate hike agenda,\x94 said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement. \x93The U.S. central bank is now 15 months and 10 consecutive rate increases into its battle to cool red-hot inflation, but markets will be expecting that the latest CPI report will now be enough to convince officials to hit the pause button,\x94 Green said. The U.S. central bank is expected to leave interest rates unchanged when it meets on Wednesday, according to TradingEconomics . U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage. The CME FedWatch Tool predicts a 94.2% chance the Fed will leave rates as is at this week\x92s meeting, up from 80.4% the previous day. However, Green of deVere Group warned of more hikes this year \x97 \x93Inflation is certainly coming down so far, but it is very, very gradual. It remains sticky and a long way from the 2% target, largely due to a tight labor market.\x94 Former Fed vice chair Roger Ferguson also told CNBC last Friday that the central bank may raise rates later in the year even if it skips this time. (Updates with equities section)', "Damus, a decentralized social media app that allows users to tip each other inBitcoin, is facing removal from the Apple app store. The app uses a feature called Zaps, which integrates the Lightning Network widget to enable fast and cheap Bitcoin transactions on the platform. However, Apple claims that Zaps violates its policy that requires all tips to be done through in-app purchases.\nThe Damus team argues that Zaps are not used to sell or buy any digital content, but rather to support other users and content creators in a peer-to-peer manner. The team also says that this is a critical moment for decentralized social media and P2P transactions, and that Apple's decision will have far-reaching consequences for other platforms with similar features.\nBitcoin tipping has become a popular way of rewarding content and expressing appreciation on social media platforms. Twitter and Reddit have both introduced crypto tipping features in recent years. Apple itself has approved an app with Bitcoin tipping in 2015. However, some crypto advocates accuse Apple of favoring Silicon Valley interests over decentralization and innovation.", "Damus, a decentralized social media app that allows users to tip each other inBitcoin, is facing removal from the Apple app store. The app uses a feature called Zaps, which integrates the Lightning Network widget to enable fast and cheap Bitcoin transactions on the platform. However, Apple claims that Zaps violates its policy that requires all tips to be done through in-app purchases.\nThe Damus team argues that Zaps are not used to sell or buy any digital content, but rather to support other users and content creators in a peer-to-peer manner. The team also says that this is a critical moment for decentralized social media and P2P transactions, and that Apple's decision will have far-reaching consequences for other platforms with similar features.\nBitcoin tipping has become a popular way of rewarding content and expressing appreciation on social media platforms. Twitter and Reddit have both introduced crypto tipping features in recent years. Apple itself has approved an app with Bitcoin tipping in 2015. However, some crypto advocates accuse Apple of favoring Silicon Valley interests over decentralization and innovation.", "Apple Wants Bitcoin Tipping Feature Removed from Nostr App Apple Claims That Zaps Violates Its Policy Damus, a decentralized social media app that allows users to tip each other in Bitcoin , is facing removal from the Apple app store. The app uses a feature called Zaps, which integrates the Lightning Network widget to enable fast and cheap Bitcoin transactions on the platform. However, Apple claims that Zaps violates its policy that requires all tips to be done through in-app purchases. The Damus team argues that Zaps are not used to sell or buy any digital content, but rather to support other users and content creators in a peer-to-peer manner. The team also says that this is a critical moment for decentralized social media and P2P transactions, and that Apple's decision will have far-reaching consequences for other platforms with similar features. Bitcoin tipping has become a popular way of rewarding content and expressing appreciation on social media platforms. Twitter and Reddit have both introduced crypto tipping features in recent years. Apple itself has approved an app with Bitcoin tipping in 2015. However, some crypto advocates accuse Apple of favoring Silicon Valley interests over decentralization and innovation.", 'Bitcointechnology company Blockstream has announced that it plans to reveal its highly anticipated Application-Specific Integrated Circuit (ASIC) miner in the third quarter of 2024. This marks the culmination of years of engineering work for the company. Blockstream CEO and co-founder Adam Back made the announcement during the company\'s inaugural media briefing. In 2021, Blockstream acquired Bitcoin mining hardware maker Spondoolies.\nPreviously, Blockstream successfully raised $125 million to expand its mining operations, and the company now plans to secure further funding. Initially scheduled for a 2022 launch, the release of the new ASIC miner has been delayed, and Back now expects it to be available in the latter half of 2024. Back explained that there are two manufacturing approaches, with the first being a test run referred to as a "shuffle run," which is anticipated to take place in the third quarter of the following year.\nDuring the media briefing, Back and his executive team also discussed other notable projects by Blockstream. These include Liquid, a sidechain that interacts with the primary Bitcoin blockchain, and Jade, Blockstream\'s flagship hardware Bitcoin wallet. The unveiling of the ASIC miner represents an important milestone for Blockstream as it aims to further strengthen its presence in the Bitcoin mining industry.', 'Bitcoin Mining Hardware from Blockstream Expected in 2024 The Unveiling of the Application-Specific Integrated Circuit (ASIC) Miner Represents an Important Milestone for Blockstream Bitcoin technology company Blockstream has announced that it plans to reveal its highly anticipated Application-Specific Integrated Circuit (ASIC) miner in the third quarter of 2024. This marks the culmination of years of engineering work for the company. Blockstream CEO and co-founder Adam Back made the announcement during the company\'s inaugural media briefing. In 2021, Blockstream acquired Bitcoin mining hardware maker Spondoolies. Previously, Blockstream successfully raised $125 million to expand its mining operations, and the company now plans to secure further funding. Initially scheduled for a 2022 launch, the release of the new ASIC miner has been delayed, and Back now expects it to be available in the latter half of 2024. Back explained that there are two manufacturing approaches, with the first being a test run referred to as a "shuffle run," which is anticipated to take place in the third quarter of the following year. During the media briefing, Back and his executive team also discussed other notable projects by Blockstream. These include Liquid, a sidechain that interacts with the primary Bitcoin blockchain, and Jade, Blockstream\'s flagship hardware Bitcoin wallet. The unveiling of the ASIC miner represents an important milestone for Blockstream as it aims to further strengthen its presence in the Bitcoin mining industry.', 'Bitcointechnology company Blockstream has announced that it plans to reveal its highly anticipated Application-Specific Integrated Circuit (ASIC) miner in the third quarter of 2024. This marks the culmination of years of engineering work for the company. Blockstream CEO and co-founder Adam Back made the announcement during the company\'s inaugural media briefing. In 2021, Blockstream acquired Bitcoin mining hardware maker Spondoolies.\nPreviously, Blockstream successfully raised $125 million to expand its mining operations, and the company now plans to secure further funding. Initially scheduled for a 2022 launch, the release of the new ASIC miner has been delayed, and Back now expects it to be available in the latter half of 2024. Back explained that there are two manufacturing approaches, with the first being a test run referred to as a "shuffle run," which is anticipated to take place in the third quarter of the following year.\nDuring the media briefing, Back and his executive team also discussed other notable projects by Blockstream. These include Liquid, a sidechain that interacts with the primary Bitcoin blockchain, and Jade, Blockstream\'s flagship hardware Bitcoin wallet. The unveiling of the ASIC miner represents an important milestone for Blockstream as it aims to further strengthen its presence in the Bitcoin mining industry.', 'Prices of XRP, which powers some of Ripple Labs payment and exchange network services, dipped 1.3% in the 24 hours to 10:15 a.m. in Hong Kong. The token reversed gains that followed the release of internal Securities and Exchange Commission (SEC) documents on Tuesday that Ripple had claimed could prove the regulator had unfairly targeted the company with a lawsuit. XRP is down 2.05% over the past seven days. See related article: What is XRP and what is Ripple? Fast facts In December 2020, the SEC filed a lawsuit against Ripple alleging that its sale of XRP was an unregistered securities offering . The SEC also named Ripple\x92s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants for allegedly aiding and abetting Ripple\x92s violations. As part of the lawsuit, hundreds of documents were released Tuesday related to a speech given by an SEC former director William Hinman on whether cryptocurrencies are securities. The SEC had sought to keep the documents sealed, but Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled in May the documents should be made public, in what was seen as a favorable ruling for Ripple. In June 2018, Hinman said in a speech that sales of the Ether cryptocurrency were not securities transactions, and \x93as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value.\x94 The speech has become a major point of argument in the case as Ripple seeks to bolster its fair notice defense . The released documents include email exchanges between Hinman and a number of SEC staffers in preparation for his 2018 speech. One email shows that an SEC employee commented on the speech draft: \x93Although we do not want to suggest that BTC is a security, taking too strong a position on the lack of any benefits from the disclosure provisions of the federal securities laws \x85 might be a wedge that could undermine SEC efforts towards other crypto-assets where the asset is a security.\x94 Ripple\x92s chief legal officer Stuart Alderoty is calling for investigations into Hinman. \x93An investigation must be conducted to understand what or who influenced Hinman,\x94 Alderoty tweeted on Tuesday. The documents show: \x93Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law\x94 and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction, according to Alderoty. \x93Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can\x92t \x96 as Hinman tried \x96 create new law,\x94 Alderoty said. Brad Garlinghouse, chief executive officer of Ripple Labs, tweeted Tuesday that it\x92s \x93absolutely unconscionable\x94 that a regulator decided to move forward with the speech despite internal pushback. The SEC has \x93essentially weaponized\x94 the lack of regulatory clarity through enforcement actions since this speech was given, Garlinghouse added. See related article: The SEC has spoken: The future of finance is not in America', 'Prices of XRP, which powers some of Ripple Labs payment and exchange network services, dipped 1.3% in the 24 hours to 10:15 a.m. in Hong Kong. The token reversed gains that followed thereleaseof internal Securities and Exchange Commission (SEC) documents on Tuesday that Ripple had claimed could prove the regulator had unfairly targeted the company with a lawsuit. XRP is down 2.05% over the past seven days.\nSee related article:What is XRP and what is Ripple?\n• In December 2020, the SEC filed a lawsuit against Ripple alleging that its sale of XRP was anunregistered securities offering. The SEC also named Ripple’s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants for allegedly aiding and abetting Ripple’s violations.\n• As part of the lawsuit, hundreds of documents were released Tuesday related to a speech given by an SEC former director William Hinman on whether cryptocurrencies are securities.\n• The SEC had sought to keep the documents sealed, but Judge Analisa Torres of the U.S. District Court for the Southern District Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $503,225,297,131 - Hash Rate: 312388214.96659184 - Transaction Count: 330658.0 - Unique Addresses: 633244.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Following harsh criticism from the crypto community, hardware wallet provider Ledger will delay releasing a key recovery feature. In a letter to users, Ledger CEO Pascal Gauthier wrote that the firm won’t introduce the new feature before releasing the code for it. The company also scheduled a Twitter Spaces session for 12:30 p.m. EST on Tuesday to discuss the issue. Last week, Ledger announced the service, called Ledger Recover, which will allow users to store encrypted backups of their seed phrases with a set of three custodians. Ledger owners will then be able to restore their private keys even if they lose or forget their seed phrases. The opt-in feature will require a know-your-customer (KYC) verification. Ledger came under fire almost immediately from members of the cryptocurrency community, which criticized the idea of sharing seed phrases with anyone other than wallet owners. Multiple commentators wrote angry posts on Twitter, Reddit and other platforms, saying they felt betrayed by Ledger, which has previously said that Ledger wallet private keys would never leave a device. Some critics also highlighted potential threats such as hacks of the custodians, data leaks from KYC providers and law enforcement taking control of Ledger users’ data. Others noted that the code for the Recover feature is not open-source, so there is no way to audit the safety of the proposed custody mechanism. Unlike some competitors, Ledger does not publish all its code, but instead has its product tested by a team of selected security researchers . Read more: Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts The company learned a hard lesson, Gauthier said in his letter to users. Parts of the Ledger code have been open-sourced before, and more will follow soon, Gauthier said. “We have made the decision to accelerate the open sourcing roadmap! We will include as much of the Ledger operating system as possible, starting with core components of the OS, and Ledger Recover, which won’t be released until this work is complete,” he wrote. Gauthier also reiterated the idea that offering key recovery services is essential to onboard a new wave of crypto users, for which self-custody might feel too difficult. “The majority of users in crypto today either don’t own their private keys and/or are putting their private keys at risk using less secure forms of self-custody, and hard-to-use forms of storing and securing their seed phrase,” the letter reads.... - Reddit Posts (Sample): [['u/McDredd', 'Anyone else just find themselves excluded from r/bitcoin?', 11, '2023-06-14 01:10', 'https://www.reddit.com/r/btc/comments/148scwf/anyone_else_just_find_themselves_excluded_from/', "I've been on there for about 6 months now. I never noticed r/btc when I first searched 6 months ago. Suddenly all of r/bitcoin is unavailable to me. I hardly posted, never mind posted anything controversial.", 'https://www.reddit.com/r/btc/comments/148scwf/anyone_else_just_find_themselves_excluded_from/', '148scwf', [['u/Plus-Ad4019', 15, '2023-06-14 01:20', 'https://www.reddit.com/r/btc/comments/148scwf/anyone_else_just_find_themselves_excluded_from/jo1mgy2/', 'r/bitcoin went dark (June 12-14) together with many other subs to protest Reddit new API fees.', '148scwf']]], ['u/GhostOfMcAfee', 'AlgoMint is removing KYC requirements for bridging BTC and ETH.', 90, '2023-06-14 04:46', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/', 'Previously, to bridge either asset you needed to go through KYC procedures. Today, AlgoMint announced they are removing KYC requirements for bridging both BTC and ETH to the Algorand blockchain. \\[[sauce](https://twitter.com/Algomint_io/status/1668778531709669377)\\]', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/', '148wijz', [['u/hypercosm_dot_net', 24, '2023-06-14 05:16', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/jo2aqmf/', 'Great to see. Hope we see a lot more movement towards decentralization this year. \n\nDo you happen to know what DAO tools we have on Algo?', '148wijz'], ['u/MadManD3vi0us', 10, '2023-06-14 05:27', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/jo2bsdq/', "Hopefully that'll pull some of the shyer players out of hiding and into the game.", '148wijz'], ['u/stenalgo', 11, '2023-06-14 05:33', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/jo2ca5j/', 'goBTC and goETH need alot more liquidity indeed. This is a good move, hopefully we will see a positive result soon.', '148wijz']]], ['u/neznaia', 'Angle of attack?', 10, '2023-06-14 05:39', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/', 'Using bitcoin as an example, I understand the ledger holds the private key on the secure chip. If I want to send bitcoin I need to sign it with my hardware wallet, and poof my app does the rest. So, you can never really get my private seed, but, couldn’t Ledger Live be compromised so it tells the hardware wallet x amount, but then sends whatever amount it wants?\n\nAm I missing something about the relationship between an app - software that can be hacked remotely - and my hardware wallet who’s only job is to store my seed phrase and sign transactions that the app supposedly wants to send. On that note, what device is sending the transaction to the pool? If it’s the app, how does it interact with the pool/chain without knowing the private key? I’m assuming my Bluetooth connected ledger isn’t doing that. \n\nMaybe I’m missing something. All answers appreciated', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/', '148xi71', [['u/kristapsru', 12, '2023-06-14 11:46', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/jo32zbv/', '"I understand the ledger holds the private key on the secure chip"\n\nSadly, that\'s not true anymore. Ledger wrote API code to extract keys from the device and send them over the internet to Ledger and their partner companies for their Ledger Recover service. In theory, that only happens if you subscribe, but since Ledger\'s code isn\'t open, there\'s no way for any of us to prove what it does or doesn\'t do.\n\nDon\'t trust. Verify. Right? Well, you can\'t verify Ledger\'s code, so you have to decide whether or not you trust them.\n\nAny hardware wallet can possibly get rogue firmware to extract keys, but Ledger actually put key extraction in their own firmware. I can\'t trust that.', '148xi71'], ['u/jpastore', 10, '2023-06-14 16:51', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/jo3xjnc/', "Apparently they don't want you to know how fucked it is\n\nhttps://www.reddit.com/r/CryptoCurrency/comments/148zegu/ledger_is_shadowbanning_users_who_mention_their", '148xi71']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, June 14, 2023', 33, '2023-06-14 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/', '148xvkb', [['u/52576078', 10, '2023-06-14 13:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo38drz/', 'Run a mile from any woman that says this!', '148xvkb'], ['u/dopeboyrico', 17, '2023-06-14 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo3m20f/', 'Powell is going to pause on rate hikes saying they’re at sufficiently restrictive levels based on current data but also state they’re open to hiking more in the future if warranted by upcoming economic data. Anything other than this would be a surprise.\n\nWhat I’m much more interested in is seeing the updated Fed balance sheet tomorrow. Last week saw the first minor uptick since March. It was also the first week since Congress passed the debt ceiling bill which will increase the debt ceiling by $4 trillion over the next 2 years. Could be unrelated but if we see another rise on the Fed balance sheet tomorrow it could be indicative that QE is back out of necessity to buy newly issued government bonds due to lack of sufficient interest in markets.', '148xvkb'], ['u/nationshelf', 17, '2023-06-14 18:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4co5m/', 'It’s not the decoupling we wanted, but it’s the decoupling we got.', '148xvkb'], ['u/NLNico', 17, '2023-06-14 20:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4ogl2/', '0 bps as expected.\n\n- [Federal Reserve issues FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htm)\n\n- [Implementation Note](https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a1.htm)\n\n- [FOMC Projections materials](https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20230614.htm)\n\nPress conference in [30 mins](https://twitter.com/federalreserve/status/1668969869176348672).', '148xvkb'], ['u/Ok_File_9520', 11, '2023-06-14 20:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4pn9v/', 'Decoupled on the upside and coupled on the downside. 🤦', '148xvkb'], ['u/delgrey', 12, '2023-06-14 20:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4tje4/', 'Hawkish pause? Now does Bitcoin care... still comatose. Blah.', '148xvkb'], ['u/NLNico', 10, '2023-06-14 20:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4uuhu/', '"First move is fake"\n\n(I don\'t actually think we will moon, but funny how these things always go up/down and then retrace lol.)', '148xvkb'], ['u/dopeboyrico', 10, '2023-06-14 21:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo53shj/', 'Along with the pause in rate hikes, the Fed updated their projections going forward and indicated they anticipate 2 more 25 BP rate hikes before the end of the year to reach their terminal rate of around 5.6%.\n\nI think they’re bluffing in order to keep inflation expectations low and are actually going to remain data dependent going forward. If they didn’t make this claim and stated they believe we’re already at the terminal rate, inflation expectations would rise and would manifest into a self fulfilling prophecy. Additionally, if they really thought two more rate hikes might be needed before the end of the year, it would make sense to go ahead and do one of those hikes today rather than holding off until a later meeting.\n\nWe just got May’s YoY CPI print yesterday at 4.0% which was significantly lower than April’s 4.9% print. We’re almost halfway through June and [Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has their June YoY inflation estimate at 3.22%. [Truflation](https://truflation.com) has it at around 2.74% with a high of 2.94% and a low of 2.54% MTD.\n\nFor the past several months the actual YoY CPI number has ended up being somewhere in between these two estimates. If this trend continues and we end up seeing another significant drop in June’s YoY CPI print vs May’s 4.0% print, it’s going to be hard to justify another 25 BP rate hike in July when they already weren’t willing to do a rate hike today.', '148xvkb'], ['u/borger_borger_borger', 11, '2023-06-14 22:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo570dh/', 'Now you buy.', '148xvkb'], ['u/BootyPoppinPanda', 14, '2023-06-14 22:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo57cq4/', "It's just traders fucking themselves up. No one is here except them and the DCA gang. I am enjoying the crab. There have been days where I don't think about btc at all. Been a while, like 2019.", '148xvkb'], ['u/Essexal', 20, '2023-06-14 22:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5djjw/', 'Short closed at 24.9.\n\nA good days work.\n \nAgain.\n\nTaken half my trading account out, no point making it just to give it all back. \n\nLong from 25, lets see if she holds.', '148xvkb'], ['u/bloodyboy33', 26, '2023-06-14 23:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5elwk/', "it was pleasure to wait 3 straight months with you gentlemen's to get rekt in the end", '148xvkb'], ['u/_TROLL', 15, '2023-06-14 23:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5fiii/', "Total crypto marketcap about to dip below $1T again. Embarrassing.\n\nI think the wider world has pretty much forgotten about crypto, including bitcoin. Or at least, they're waiting for something concrete to happen at the regulatory level, i.e. the entire shitcoin market being legislated out of existence.\n\nThe current SEC is doing everything in its power to squelch the industry.", '148xvkb'], ['u/GenghisKhanSpermShot', 12, '2023-06-14 23:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5gz1o/', "If we can reclaim 25,340ish I'm going leverage long to the tits. would be a falling wedge fake breakdown which is very bullish IMO.", '148xvkb'], ['u/BootyPoppinPanda', 12, '2023-06-14 23:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5heo9/', "definitely don't agree with this take", '148xvkb'], ['u/LongStrongHopiumDong', 11, '2023-06-14 23:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5hlpt/', '> His coins are shitty, charts weak, bags are heavy.\n\n~ Gary Gen\n\nEdit: 🖕😎🖕', '148xvkb'], ['u/juiceous', 13, '2023-06-14 23:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5hz4v/', 'FED rate pause is at minimum strange as the core inflation still too high. If they increase further next meeting, it indicates they were worried about banks and the market on this June meeting.\n\nNVDA stock PE ratio is (pause to breathing): 221 - Just insane.\n\nShitcoins are taking a hit, however bitcoin dominance still at 47%. I will be following the Binance shitcoin price. If it dips too low, are they going to pull a FTX house of cards?\n\nThe world macro has the possibility to goes belly up. But again, this is better to happen sooner rather than later, lets hope next bull run on corn keeps untouched.', '148xvkb'], ['u/pgpwnd', 11, '2023-06-14 23:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5jqif/', 'taxes', '148xvkb'], ['u/setzer', 17, '2023-06-14 23:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5m36k/', 'That saying is usually applied to stocks, which, actually went up since May - significantly so in fact.', '148xvkb']]], ['u/T1mster', 'How to get back at someone that stole money from me', 22, '2023-06-14 07:46', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/', "This is mostly my fault because I'm an idiot. Basically I follow some guy that pays off people's tuition, or so I thought. These were people I knew so I thought he could help me out as well. Well, I paid him 1k and he paid off my 6k credit card debt. The payment went through and I was pretty ecstatic. In this bliss, I sent him more money, and he offered me more in return as he gambles it and makes more. This dude is a supposed millionaire and I'm a broke college student. Anyway, the credit card payment got reversed and now I am out of 9 thousand dollars. \n\n\nI have his full name, a general location he lives in, the types of cars he drives, his banking account # and routing number for one of this bank accounts, and phone number. How can I get back at him? I also have two of his bitcoin wallets.", 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/', '148zr2u', [['u/gangsincepottytrane', 37, '2023-06-14 08:03', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo2oi15/', 'Ummmm. Call the police first? If you have all this information get his ass arrested and get your money back', '148zr2u'], ['u/smeijer87', 15, '2023-06-14 08:38', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo2qyn3/', 'I\'m not sure if there the right move. "I pay him 1k, and they pay off my 6k debt" sounds fishy.\n\nIt\'s no gesture of good will, then they wouldn\'t ask for a payment. And I don\'t know any legal way that multiplies money by six on short term.\n\nThat being said, also odd that op transfered 9k, while they could just have used that to pay off the 6k debt.', '148zr2u'], ['u/MalnourishedMan', 41, '2023-06-14 08:54', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo2s2ig/', 'You got got. Congratulations', '148zr2u'], ['u/sakezaf123', 21, '2023-06-14 11:30', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo31xvu/', "Buddy, go to the police, this a pretty basic scam and also a crime. Yeah, you got fooled, it happens. But the dude's a scam artist, and if you don't go to the police with receipts and the story clearly laid out, he'll keep getting away with it. Also maybe talk to your parents, and a lawyer. The sooner you act, the better shot you have at getting that money back.\n\nI know this is embarrassing, but it's time to put your adult pants on, and take this seriously, because the guy clearly knows his marks. That's the best way you can screw him, and possibly get your money back.", '148zr2u'], ['u/OnTheRoad_Againn', 33, '2023-06-14 12:38', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo36kon/', 'Ever heard of the saying "if it\'s too good to be true it probably is"? You just lived it.', '148zr2u']]], ['u/rBitcoinMod', 'Daily Discussion, June 14, 2023', 29, '2023-06-14 08:07', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14881xr/daily_discussion_june_13_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/', '14903m7', [['u/Aeolian_Harpy', 11, '2023-06-14 18:46', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo4dszz/', 'No, because I never watch any of that shit.', '14903m7'], ['u/escodelrio', 13, '2023-06-14 19:39', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo4lfru/', "Historical Bitcoin prices for today, June 14th:\r \n\r \n2023 - $25,975\r \n2022 - $22,157\r \n2021 - $40,529\r \n2020 - $9,345\r \n2019 - $8,656\r \n2018 - $6,647\r \n2017 - $2,467\r \n2016 - $685\r \n2015 - $234\r \n2014 - $583\r \n2013 - $100\r \n2012 - $5.9\r \n2011 - $19.3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/14/2023 is $9,179.32.", '14903m7'], ['u/Aeolian_Harpy', 10, '2023-06-14 20:23', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo4rtkp/', "Yo yo yo yo - It's ya boi Jimmy Web3 coming atcha. Remember to subscribe and MASH THAT LIKE BUTTON! We got all the hype you cryptoheadz(TM) need! But first, a word from our sponsor - cryptohedz! Get ya CH gear here and tell em Jimmy sent you! Ok, let's get right into this mix... shout out to KeemStar for the crypto/twitch drama crossover reporting! That man drinks more White Claw than any other! But let's not get started on that! \n\nHorn Noise\nAPE ALERT!!!!!!\n\n...", '14903m7'], ['u/LucasM127', 12, '2023-06-14 22:07', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo56t3p/', 'CNBC news headline: Bitcoin moves higher after Fed decision\n\nBarron’s news headline: Bitcoin Slips After Fed Decision.\n\nOn Apple News iPhone.\n\nBitcoin price goes sideways.', '14903m7']]], ['u/srikar_tech', 'Here is why you should revisit NANO, Again (V25)', 108, '2023-06-14 08:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/', "Hey folks,\n\nEver thought about taking a second look at Nano (Ticker: XNO)? Here's my attempt to put it under the microscope and weigh in on what I think makes it intriguing.\n\nFirst, let's do a quick rundown:\n\n- Name: Nano\n- Ticker: XNO\n- Market Cap: <100M USD\n- Use case: Peer-to-Peer Electronic Cash System\n- Distribution: Freely distributed via captcha faucet\n\nI would like to point out, despite being dPos, NANO is the only cryptocurrency that has\n\n- No Rewards\n- No Staking\n- No Fees\n- No ICO, Pre/Private Sale\n- No VCs\n\nHence, cannot be called a security IMO. Probably the only dPos coin that can say that right now.\n\nYou send 0.00001 NANO, you get precisely 0.00001 NANO. The UX cannot get better than that.\n\nIs it Decentralised?\n\nYes, Nakamoto Coefficient is on par with Bitcoin. Further due to its ORV design, the more its adopted, the more decentralised it becomes. \n\nWhat are the cons?\n\nIt couldn’t handle spam attacks in the past, as of v22, that was fixed with a new anti spam mitigation system where flow control is done by a new innovative prioritisation algorithm that prioritises a transaction with (User balanceLeast recently used) within multiple balances divided into various bucket. \n\nRight now with v25, this has been fine tuned further and similar attacks that were proven to halt the network previously have been easily handled now. \n\nSo, what else is not so great?\n\nScalability is average, current network can do 400 tps. NANO uses a gossip protocol and is limited by hardware and network bandwidth etc. However with Moore’s law, this number has been doubling with time. \n\n\nConclusion:\n\nNano is fast, fee-less and truly decentralised with decent scalability that seem to only improve over time. Its what a non-crypto person, when they first hear of Bitcoin, would imagine it to work like. \n\nEspecially now with focus on distribution, rewards and other factors plaguing 99% of the crypto, Nano focuses on achieving the original dream, without any major compromises. It is set to realise the dream that has never been realised ever since Bitcoin came into picture, i.e being a true people’s money that cannot be censored or controlled by any government entity due its design, distribution and technology choices.", 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/', '1490at0', [['u/Consistent_Many_1858', 39, '2023-06-14 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2qb85/', "Nano is great, it's time will come, just wait and see.", '1490at0'], ['u/jwolf696', 42, '2023-06-14 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2r7y1/', 'I wonder why Nano is not higher ranked, #188 seems too low to me', '1490at0'], ['u/InsaneMcFries', 21, '2023-06-14 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2sbcs/', 'Are we bullish again? /s\n\nNano is great and Banano is also. Two very underrated coins for a long time. Banano is special to me due to folding to mine and the wholesome tipping culture in the subreddit', '1490at0'], ['u/OsChMoScH', 64, '2023-06-14 09:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2sl01/', "Conclusion: you hold huge bags of nano, you're part of the nano sub and now you're trying to convince others of your religion.", '1490at0'], ['u/SetoXlll', 14, '2023-06-14 09:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2v3rn/', 'Thanks I love NANO. Now I’ll buy some on my next check. Or should I convert some of my moons? Hmmmmmmmm decisions decisions.', '1490at0'], ['u/kryptoNoob69420', 29, '2023-06-14 09:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2w7cz/', 'Cause we rather pump coins like Pepe unfortunately', '1490at0'], ['u/EdgeLord19941', 10, '2023-06-14 10:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2x6bu/', "No, no I don't think I will", '1490at0'], ['u/Corican', 45, '2023-06-14 10:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2xvg3/', "People that are involved in something tend to be the people who are knowledgeable about it.\n\nWe don't get people discussing things they have no connection to, because they don't have any knowledge of it.", '1490at0'], ['u/srikar_tech', 21, '2023-06-14 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2ytsz/', 'Would you rather judge on fundamentals and real world use cases or price action, those had great price action due to a lot of VCs funds seem to be burning a hole in everyones pocket especially with time and regulations', '1490at0'], ['u/srikar_tech', 19, '2023-06-14 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2yuv7/', 'Good argument. Nice talk', '1490at0'], ['u/srikar_tech', 30, '2023-06-14 10:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2yyoj/', 'Any arguments against its fundamentals? Im obviously shilling but im asking for genuine take, if you have any con argument im all ears, except price action, I don’t think that is a valid argument', '1490at0'], ['u/srikar_tech', 22, '2023-06-14 10:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2z3h5/', 'Please do what your heart pleases my friend. But my sincere request is to just look into the facts.', '1490at0'], ['u/srikar_tech', 18, '2023-06-14 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2z63h/', 'Why bro? What is wrong with expressing the enthusiasm for a good project like Nano, we hardly have anything else that comes close to it if you look into its ethos.', '1490at0'], ['u/srikar_tech', 19, '2023-06-14 10:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2zxn6/', 'Hence not a security. All those scams are getting busted now.', '1490at0'], ['u/CapnPratt', 29, '2023-06-14 11:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3085b/', "Nano is one of the most useful ones I've ever used, unlike almost everything else that is pepe frog tokens and ethkiller shillprojects.", '1490at0'], ['u/Token_Broker', 14, '2023-06-14 11:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo315zq/', "Nano is a great idea but all of crypto is about investment at the moment and not actually using the tech. Would anyone buy bitcoin if they didn't think it would increase in value? Nano tech is good but no rewards means no investment", '1490at0'], ['u/StolenApe', 11, '2023-06-14 11:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo32sxj/', 'They upset me when nanex shut down', '1490at0'], ['u/Looks_Like_Twain', 33, '2023-06-14 11:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo337f8/', "Man there's a lot of haters out here. Nano is better than ever and improving constantly. But by all means buy the next pepe coin you degens.", '1490at0'], ['u/OneThatNoseOne', 29, '2023-06-14 11:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33gy7/', "It's so low precisely because there's no ICOs, no mining/staking, no fees, no rewards, no VCs etc.\n\nBecause as much as people claim to hate that coins will more complex tokenomics attract more people because there's more ways to make profit", '1490at0'], ['u/AmbitiousPhilosopher', 10, '2023-06-14 11:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33m86/', "True, nano doesn't profit middle-men.", '1490at0'], ['u/raincloud82', 16, '2023-06-14 11:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33qsp/', "I think this gets very overlooked. A project being good and/or useful (or even widely adopted) doesn't always imply that the coin/token will moon in value.", '1490at0'], ['u/GoalBooster', 13, '2023-06-14 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33t0z/', "Given people's involvement, it's strange that NANO doesn't rank so high, even given the problems that have been described.", '1490at0'], ['u/Redac07', 13, '2023-06-14 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33u0c/', 'Nanex was amazing.', '1490at0'], ['u/AmbitiousPhilosopher', 14, '2023-06-14 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33ujv/', "Correct, holding nano will never earn you more nano. I won't move back to inflationary fee coins, sorry.", '1490at0'], ['u/dick_piana', 23, '2023-06-14 12:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo366dd/', 'Almost everyone here looks at crypto as an investment vehicle to make more money (fiat). Hence all the "bagholder" comments. If you\'re here for the actual technology then you would love NANO but as an investment vehicle it won\'t make the returns people want, therefore it\'s bad and promoting it is "shilling"', '1490at0'], ['u/srikar_tech', 16, '2023-06-14 12:37', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo36gtb/', 'Your answer is ignorant. Wdym shitcoins, which coin has any real world utility YET? Nano by design is feeless and instant money, you need me to explain you why that is of any use? Ask any business the pain of paying 2% cut using visa and 8% loss when you do cross border payments using paypal. Nano is “peer to peer electronic cash system “ if you don’t think its a usecase, then you are on the wrong sub my friend.', '1490at0'], ['u/srikar_tech', 10, '2023-06-14 12:38', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo36j3f/', 'Its the same, but it improves upon bitcoin’s weaknesses.', '1490at0'], ['u/srikar_tech', 15, '2023-06-14 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo36muf/', 'Don’t give up. If it was that easy, everyone would be a millionaire. Check early days of bitcoin, people lost patience and sold for pennies or mere dollar. Just look at the tech and fundamentals. Does it make sense? If it does, then you can sleep well as you are logically invested.', '1490at0'], ['u/Huge_Agent_1448', 17, '2023-06-14 12:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo371km/', "I like nano and I also like banano. I get them for free. But until more people use it, I'm not gonna purchase it with fiat.", '1490at0'], ['u/srikar_tech', 11, '2023-06-14 12:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo37489/', 'Lightning is complicated and doesn’t work when btc network is at full capacity, recently we saw the issues with the ordinals. Nano and bitcoin can both co exist, nano for smaller everyday txns and bitcoin like a strong store of value and larger txns for more confidence.', '1490at0'], ['u/Ferdo306', 66, '2023-06-14 13:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo39myt/', "You could say the same about many posts in here. Most people write about coins they hold which is reasonable to me\n\nThe fact that OP holds Nano doesn't mean that Nano is good nor bad. It's up to everyone to make their own decision", '1490at0'], ['u/UsedTeabagger', 45, '2023-06-14 13:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo39qyb/', '\n\nIn my perspective, Nano is an even better investment if you think about what it truly is: the purest form of money you can get.\n\nWhy? Too many projects try to be anything at the same time. This is not possible. To give a metaphorical comparison: you can\'t be the fastest racing car and the best off-road car at the same time. You have to find balance in both worlds, but this means you aren\'t the best in anything. You can only be the best in something if you specialize in something like, for instance, grand prix Farrari, which is one of the greatest car brands for racing, but can\'t really do anything else. Everyone knows Farrari nevertheless (and sometimes it\'s even recognized faster than average car brands like Hyundai), because it\'s probably just the best choice for racing for many.\n\nMoney, as Nano tries to be, should never have to compete for resources with other use cases, otherwise there will be no more resources left for money. Not having smart contract functionalities for instance is Nano\'s strength, and not it\'s weakness.\n\nValue transfer is the least profitable use of resources you can have. If you have any other functionality, what you have in fact is other use cases competing for resources, and value transfer will always lose that competition, no matter how low the fees or how many use-cases: People will find ways to use the network in more profitable ways. That\'s why Nano has to be simple and solely focused on value transfer. You can\'t have a car that is both the fastest and strongest.\n\nBut now the thing: all use-cases have one thing in common: they all depend on value-transfer. And Nano happens to be one of, if not the best, like farrari is in racing.\n\nNano could embrace 2nd-layer use-cased, without direct competition. Imagine having the capability to decide whether you enable/disable smart-contracts and/or privacy and far more "add-ons"/use-cases on Nano, making it essentially a genesis modular building block for everything you want. But value transfer must be fundamentally first for this to work. You could decide wether you use privacy on Nano, smart-contracts on Nano, both, or non. \n\nYou can probably see how powerful this could be.', '1490at0'], ['u/seniorbatista19', 12, '2023-06-14 13:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3b1hf/', 'Bullish on nano', '1490at0'], ['u/Particular_End_8185', 11, '2023-06-14 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3bxst/', 'I sell drugs', '1490at0'], ['u/ronchon', 18, '2023-06-14 13:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3cg3t/', 'People setup bitcoin nodes. There are no incentives either.\n\n😺', '1490at0'], ['u/ShortBusCult', 34, '2023-06-14 15:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3m7fm/', "I don't hold any NANO.... I will take a 2nd look, but probably not hold any NANO afterwards.....\n\nOh, who am I kidding?? I bought Safemoon and still hold it, so might as well buy some of this!", '1490at0'], ['u/Faramir_Anarion', 116, '2023-06-14 15:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3n8rq/', "OG Raiblocks / Nano holder from 2018 here. I am also a software dev and work for a cybersecurity company. Yes thats a qualification statement and you'll just have to believe I'm not a teenage investor talking about things I don't understand. \n\n\nFully agree with OP. I still hold Nano b/c its a zero bs project and technicals are sound. Its also why I think the project is lack-luster on price action since it has realistic metrics and TPS. Most other projects are still selling an idea, hence price gets higher speculation.\n\nIMO Nanos day won't come by user adoption, but rather by merchant adoption. And this is why I think the project is a sleeping giant. A large corp will realize how much money they can save on fees by cutting out middleware providers.", '1490at0'], ['u/antihero12', 18, '2023-06-14 15:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3oha9/', "The disappointment - it didn't moon. Typical /r/cryptocurrency way of evaluating a project.", '1490at0'], ['u/Justdessert5', 10, '2023-06-14 15:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3p21g/', "Most of the people who are still in nano are not going to be selling for a quick buck. I've held some of my nano for almost 6 years now. The rest I have bought regularly since. I have not sold any- only donated. Sure some people will dump their nano at certain price levels but not as much as you think", '1490at0'], ['u/Justdessert5', 12, '2023-06-14 15:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3pgis/', "One of the highest growth payment processing companies in the UK (Kappture) has nano integration ready for when the Nano Foundation deem it commercial grade. So don't rule out the possibility that your comment will soon be proven mistaken. However regulation is indeed the main hurdle. That and seamless on and off ramp for businesses to manage risk.", '1490at0'], ['u/Qwahzi', 25, '2023-06-14 15:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3pnkc/', "Doesn't the entire internet (and even Bitcoin full nodes) operate on the same incentive structure as Nano? Almost no internet protocol (TCP/IP, HTTP, SMTP, etc) has fees built-in at the protocol level", '1490at0'], ['u/upboatsnhoes', 10, '2023-06-14 15:55', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3qa1k/', "Banano sounds like what you're looking for...", '1490at0'], ['u/Justdessert5', 15, '2023-06-14 16:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3r6ze/', "This is the correct answer. However this will change if people ever remember that money is a metric not an investment. You can speculate on it but not invest. When the market matures- coins that people can use the easiest will be the most popular and people won't talk about getting rich off it they will just use it and ask for salaries in it due to the practicality", '1490at0'], ['u/Illicitterror', 19, '2023-06-14 16:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3ueaz/', 'I enjoyed using NANO for the free payouts when I was pool mining Eth, gas fees kill profit.', '1490at0'], ['u/gabriiel9', 44, '2023-06-14 16:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3ux2q/', "Find me another crypto that :\n\n is not considered as a security (as for now);\n* that has free transactions (completely free- that's insane when you think about it);\n* such a low MC;\n* promise no bullshit like other crypto and offer now a TPS of 50 (CPS of 100);\n* has constantly improved since launch- codebase level;\n* that has a team with an ethos that is noble in a bullshit cryptoworld. \n* I FORGOT one of the most important : environmentally friendly crypto\\\\\\\\\\", '1490at0'], ['u/writewhereileftoff', 12, '2023-06-14 16:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3v2fs/', 'Indeed, smalltime speculators might not see this but there is no doubt in my mind nano has a lot of interest from corporations, who cant wait to cut out fee collecting middlemen. \n\nAlso these corportations are not that easily fooled as the "average crypto degen" by staking and other gimmicks.', '1490at0'], ['u/Qwahzi', 11, '2023-06-14 16:51', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3xmqp/', 'Imo, because Nano is interesting technology. Close your eyes and imagine what "perfect money" would look like, without thinking of any specific currency (or cryptocurrency). Imo, you might come up with a list similar to the following:\n\n- Feeless\n\n- Instant\n\n- Scalable\n\n- Divisible\n\n- Fair\n\n- Fixed supply\n\n- Efficient/environmentally friendly\n\n- Censorship-resistant\n\n- Decentralized\n\n- Permission-less\n\n- Programmable\n\n- Private\n\nNow what cryptocurrencies come closest to that vision? \n\nSome items are debatable of course, and some inherently come with tradeoffs (e.g. programmability or privacy could make scalability more difficult, etc), but Nano has quite a few of the items on that list, which makes it very interesting to me\n\nIn all of human history, we\'ve never had feeless, instant, permission-less, fixed-supply, money. Until now', '1490at0'], ['u/liiiizard', 14, '2023-06-14 16:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3yks2/', 'Supranational currencies starts with X in ISO 4217. That\'s why it was changed.\n\nBitcoin has the symbol XBT. Is that also "lame"?', '1490at0'], ['u/Roundaboutright', 26, '2023-06-14 17:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3zgdu/', 'Spot on', '1490at0'], ['u/t1MacDoge', 15, '2023-06-14 17:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo41yy1/', 'Cool, i have nanos, they are fun to move around', '1490at0'], ['u/Qwahzi', 16, '2023-06-14 17:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo46dwq/', 'Volatility is much less of a problem when your transactions confirm in <500ms. In the short-term, merchants/users can use Nano as payment rails and immediately convert to local currency (<1% fees, lower than credit cards), at least until widespread adoption that allows you to keep spending it directly without needing to convert every time', '1490at0'], ['u/Qwahzi', 22, '2023-06-14 17:57', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo46tzz/', "The number of nodes doesn't matter as much as the distribution of consensus power. If you have 1000 nodes, but hashrate/vote weight is controlled by 1 entity, you're not really decentralized\n\nNano has similar or better decentralization than Bitcoin:\n\nhttps://i.imgur.com/cfnle8y.png\n\nvs:\n\nhttps://i.imgur.com/givYFhC.png", '1490at0'], ['u/Qwahzi', 12, '2023-06-14 17:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo475a4/', "Nano is decentralized & censorship-resistant. It even has deterministic finality (vs Bitcoin's probabilistic finality)\n\nIf you make a 1000 transactions in a year, fees add up. Especially with fiat when there are 1-3% fees on credit cards, and especially for the 3.5+ BILLION people that make ~$6/day", '1490at0'], ['u/deadleg22', 12, '2023-06-14 18:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo47ltf/', "Ok that does look quite good. I've not looked into nano in a long time but will delve in and may end up buying some.", '1490at0'], ['u/PettyTrashPanda', 17, '2023-06-14 18:10', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo48lon/', "There is a whole market for Nano in multi-nation families if it can be easily spent/withdrawn by recipients. Right now, transferring fist to family in other countries can be slow, expensive, and easily abused by the companies you have to rely on to complete the transactions. I have mucked about sending nano to relatives on the other side of the world and it was faster than e-transferring fiat to my neighbor.\n\nI know it's not a 10X moon shot coin, but that's why I like it so much. Being able to send tiny amounts without a fee is a big deal.", '1490at0'], ['u/Qwahzi', 11, '2023-06-14 18:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4ano9/', 'Let me offer an "investment" (speculative) perspective then:\n\n- Nano has the same goal as Bitcoin, Litecoin, etc, but has a much* lower current marketcap\n\n- Nano has a completely fixed supply\n\n- Nano is fully-distributed (no supply inflation)\n\n- No long-term security concerns (e.g. Bitcoin\'s declining block subsidies)\n\n- Digital gold (store of value) is an emergent property of utility (like cigarettes in prison): https://i.imgur.com/NgiwJXW.png\n\n- Directly usable as a MoE, without needing to "cash out" into fiat\n\n- Directly usable as a MoE, without needing centralized or custodial systems\n\n- No miners/rentseekers/middlemen that leech value\n\n- Minimal operating costs\n\n- Minimal negative environmental externalities\n\n- Few centralization incentives, since you don\'t get paid to hoard weight/hashrate\n\n- Similar or better decentralization vs Bitcoin', '1490at0'], ['u/wizard_level_80', 19, '2023-06-14 19:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4mfsc/', "The reality is an opposite. Rewards for staking and mining are an incentive to reduce decentralization. And you don't need to pay transaction fees to keep the network secure, as this project shown.", '1490at0'], ['u/zoneee', 15, '2023-06-14 19:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4oak5/', 'No marketing budget, no shady foundation, no institutional whales and VCs', '1490at0'], ['u/jaypeeace', 25, '2023-06-14 20:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4tjf8/', "tried Nano once, it was fun and now can't stop", '1490at0'], ['u/Qwahzi', 10, '2023-06-14 20:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4ulij/', 'To a point. Eventually (with enough awareness/adoption), it stops making sense to pay the 0.5%-1.5% conversion fees, vs spending/holding Nano directly. Then it becomes a matter of demand vs (fixed) supply', '1490at0'], ['u/Severe_Coconut_7571', 14, '2023-06-14 21:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo51o1m/', 'Goddamn. More nano love! It’s an amazing crypto', '1490at0'], ['u/bigshooTer39', 23, '2023-06-14 22:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo57hkb/', 'nano should be the top transactional currency not sure why its not more popular', '1490at0']]], ['u/ASeatedLion', 'Need advice on investing and best practices', 14, '2023-06-14 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/', "Hey guys, please be kind - I want to learn and I'm new to all this.\n\nBeen investing £25 a week in half BTC and half ETH on Coinbase. I move my BTC every month to my Trust Wallet to have it off the exchange but I stake ETH on Coinbase.\n\nA couple questions:\nShould I be buying anywhere else? Are there better places to do recurring buys which aren't on an exchange for example?\n\nI want to stake off an exchange but have no idea where is best, I've seen Lido on the dApps in TW - what other options are there?\n\nDo you have any other advice? \n\nAppreciate your time!", 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/', '1492l21', [['u/rikbona', 15, '2023-06-14 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/jo2zkas/', '>Been investing £25 a week in half BTC and half ETH on Coinbase. I move my BTC every month to my Trust Wallet to have it off the exchange but I stake ETH on Coinbase.\n\nnot sure you need any advice OP, it seems you are doing it right 😁💪🏼\n\nyou can probably save some gas fees by moving your stuff to trust wallet once every 6 months rather than monthly, but other than that, it all looks great 👍🏻', '1492l21'], ['u/EasyMacN34', 10, '2023-06-14 12:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/jo3553u/', 'cries in Ledger', '1492l21']]], ['u/Mrlemonhead2k', 'Btc n xrp', 11, '2023-06-14 10:48', 'https://www.reddit.com/r/XRP/comments/1492p6t/btc_n_xrp/', 'Just a quick one, am I right in thinking xrp won’t have massive moves until btc wakes up?. we had a decent move yesterday but for me it seams btc took it down with it ? \n\n(Didn’t know what flare I needed to use so picked fluff)😂', 'https://www.reddit.com/r/XRP/comments/1492p6t/btc_n_xrp/', '1492p6t', [['u/coachhunter2', 17, '2023-06-14 12:19', 'https://www.reddit.com/r/XRP/comments/1492p6t/btc_n_xrp/jo355cz/', 'If there is a positive resolution to the SEC vs Ripple case, and US exchanges relist, XRP will make moves without BTC. But the strength of that will depend to some extent on what BTC is doing at the time.', '1492p6t']]], ['u/DerpJungler', 'The timing is calculate. Everything is calculated.', 148, '2023-06-14 15:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1498luy/the_timing_is_calculate_everything_is_calculated/', 'Once again, refraining from sounding like an alarmist conspiracy theorist madman, I strongly believe that the actions from the U.S. Government and the SEC against cryptocurrencies *have been carefully calculated.*\n\nIn February 2021, Gary Gensler was [nominated by president Joe Biden to become the chairman of the SEC.](https://news.mit.edu/2021/gary-gensler-nominated-chair-sec-0119) If you\'ve been around any crypto forum/discussion at the time, the sentiment was pos... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin friendly Miami Mayor Francis Suarez has announced he\'s running for President.\nSuarez announced his candidacy on Twitter on Thursday morning, and filed paperwork with the Federal Election Commission on Wednesday.\nSuarez, who vowed to make the city a bitcoin hub and has accepted his salary in bitcoin, joins a growing Republican field seeking to unseat President Joe Biden in the 2024 election. He faces an uphill struggle to build national name recognition among several high-profile candidates who have already announced their candidacies, including former President Donald Trump and Florida Governor Ron DeSantis. Miami has elected Suarez twice.\nDuring the coronavirus pandemic, Miami – also called "Magic City – drew an exodus of tech workers from Silicon Valley and New York. Several crypto firms relocated there permanently.\nSuarez, who touted bitcoin\'s "democratizing impact on the future of wealth for every American" ina 2021 interviewwith CoinDesk, has examined ways to accept taxes and pay municipal employees in the currency. He also announced MiamiCoin (MIA), built on the Bitcoin adjacent blockchain, Stacks, which he hoped could someday pay a recurring BTC stimulus to Miami citizens.\nBy 2022, MIA hadshed roughly 95%of its value from an all-time high of around 5 cents eight months earlier, according to data from CoinMarketCap. In March, crypto exchange OKCoinsuspendedthe trading of MIA – and a second city coin, NYCCoin – citing limited liquidity as the reason for the decision.\nIn a2022 CoinDesk interview, Suarez said that despite MIA\'s struggles, he remained a believer in crypto. "People ask me the same thing about bitcoin, the fact that it\'s lost more than 50% of its value, but that doesn\'t change my feelings about the fundamental technology," Suarez said.\nUPDATE (June 15, 12:22 UTC):Added Suarez\'s tweet.', 'Bitcoin friendly Miami Mayor Francis Suarez has announced he\'s running for President.\nSuarez announced his candidacy on Twitter on Thursday morning, and filed paperwork with the Federal Election Commission on Wednesday.\nSuarez, who vowed to make the city a bitcoin hub and has accepted his salary in bitcoin, joins a growing Republican field seeking to unseat President Joe Biden in the 2024 election. He faces an uphill struggle to build national name recognition among several high-profile candidates who have already announced their candidacies, including former President Donald Trump and Florida Governor Ron DeSantis. Miami has elected Suarez twice.\nDuring the coronavirus pandemic, Miami – also called "Magic City – drew an exodus of tech workers from Silicon Valley and New York. Several crypto firms relocated there permanently.\nSuarez, who touted bitcoin\'s "democratizing impact on the future of wealth for every American" ina 2021 interviewwith CoinDesk, has examined ways to accept taxes and pay municipal employees in the currency. He also announced MiamiCoin (MIA), built on the Bitcoin adjacent blockchain, Stacks, which he hoped could someday pay a recurring BTC stimulus to Miami citizens.\nBy 2022, MIA hadshed roughly 95%of its value from an all-time high of around 5 cents eight months earlier, according to data from CoinMarketCap. In March, crypto exchange OKCoinsuspendedthe trading of MIA – and a second city coin, NYCCoin – citing limited liquidity as the reason for the decision.\nIn a2022 CoinDesk interview, Suarez said that despite MIA\'s struggles, he remained a believer in crypto. "People ask me the same thing about bitcoin, the fact that it\'s lost more than 50% of its value, but that doesn\'t change my feelings about the fundamental technology," Suarez said.\nUPDATE (June 15, 12:22 UTC):Added Suarez\'s tweet.', 'Bitcoin fell in Thursday morning trading in Asia, dropping below US$25,000 at one stage for the first time since mid-March. Ether also retreated with other top 10 non-stablecoin cryptocurrencies as trading volumes dipped and the U.S. Fed left interest rates unchanged as expected, but warned of more hikes this year to tackle inflation. Ripple’s XRP token fell despite the release of documents this week that were expected to help the company’s defense in an SEC lawsuit.\nBitcoin fell 2.94% over the last 24 hours to US$25,062.60 at 6:30 a.m. in Hong Kong, losing 4.69% in the last week, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$490 billion, dipped below the US$25,000 support line to as low as US$24,902 earlier in the morning.\nEther fell 4.74% to US$1,652.25, posting a 9.70% loss for the week. All other top 10 non-stablecoin cryptocurrencies fell, according to CoinMarketCap.\nCardano dropped 4.10% to US$0.2624, losing 18.57% of its value in the past seven days. Solana fell 3.18% to US$14.44 and posted a weekly loss of 22.52%.\nThe two tokens have been on a downtrend since being named in the SEC’s lawsuit filed last week against the Binance.US and Coinbase exchanges, where the federal agency categorized the two — along with many other altcoins — as financial securities.\nBenjamin Stani, the director of business development and sales at crypto trading platform Matrixport, said the declines are mostly the overhang from the SEC suing Binance and Coinbase.\n“It’s been predominantly the altcoins that have been dropping,” said Stani. “BTC and, to some extent, ETH as well have been holding up better and that I think is mostly attributable to the fact that the SEC named a lot of [altcoins] as securities and that has this chilling effect.”\nThe U.S. Federal Reserve left interest rates unchanged as expected on Wednesday at 5% to 5.25% after ten consecutive hikes to curb inflation.\nBut in another negative for investors, Fed chair Jerome Powellsaidit may take years to get inflation under control, dousing expectations for rate cuts later this year and raising the likelihood of higher interest rates ahead. Stocks ended mixed.\nRipple’s XRP token led the losers in the crypto top 10 by market capitalization, falling 7.48% to US$0.4793 on the day for a weekly loss of 7.19%.\nThe declines came despite the release of the so-called “Hinman documents,” this week, a collection of previously sealed emails and pages from former U.S. Securities and Exchange Commission director William Hinman. The notes indicate that Ether should not be categorized as a financial security.\nRipple Labs Inc. was sued by the SEC in December 2020 on allegations XRP was sold as an illegal unregistered security. Ripple wanted the Hinmandocumentsmade public, arguing they show the SEC itself was sending mixed and confused signals over whether cryptocurrencies were securities and failing to offer clear guidance to the industry, which is part of Ripple’sfair notice defensein the case.\nHowever, XRP’s price hasn’t benefited from the release of the documents. Gabriel Shapiro, a U.S.-based attorney and the general counsel at blockchain firm Delphi Labs,wroteon Twitter Tuesday — “\u200b\u200bHinman emails are a nothingburger though great for Ether. No idea why Ripple thinks these emails help Ripple’s case.”\nShapiro added that the documents were not the bombshell compared to the “huge hype” given to them.\nThe total cryptocurrency market cap lost 2.76% to US$1.02 trillion in the last 24 hours, and the daily crypto trading volume fell 5.37% to US$31.89 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 0.86% to 2,912.74 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.64% for the week.\nTotal NFT transactions rose 0.13% to US$23.7 million, while sales on Ethereum, the leading blockchain by volume, fell 4.78% over the last 24 hours to US$13.52 million, according to CryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of transactions, rising 6.95% to US$4.1 million in the last 24 hours.\nThe recent buzz in the NFT community is around ERC-6551, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. ERC-6551 is the latest NFT standard for the Ethereum network that went into effect on May 7 this year.\n“ERC-6551 is introducing a standard for NFTs by unlocking their ability to be a smart wallet that can interact with different decentralized apps in the Ethereum ecosystem,” Petscher explained. “With ERC-6551, when you transfer an NFT, the wallet and the tokens that the NFT holds also goes with it. Basically wallets within wallets.”\nAbout 196 million of Blur tokens worth around US$62 million, 40% of the circulating supply, are being unlocked and distributed to investors and contributors on Wednesday, U.S. time. Blur is the native utility and governance tokens of the Blur NFT marketplace.\n“[This] will almost definitely cause a crash in price, which will impact NFT prices,” Petscher said. “Basically, if the token is devalued, will people still want to farm for it via trading NFTs?”\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — topped sales by collection, selling US$3.14 million in the last 24 hours.\nEthereum-based BoringPunks marked second with US$1.63 million in sales, with over 20,000 transactions in the past day.\nU.S. stock futures edged down as of 11:00 a.m. in Hong Kong after a mixed regular trading day on Wednesday. Dow Jones Industrial Average futures fell 0.09%, S&P 500 futures edged 0.06% lower and Nasdaq Futures lost 0.09%.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year.\nHowever, post-meeting comments from Powell hinted at two more rate hikes by the end of this year, while stating that rate cuts will not happen unless inflation is under control. That didn’t go down well with some business leaders.\n“The battle against inflation is being won. This is now the time for the Fed to stop – not pause – interest rate hikes,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The time lag for monetary policies is notoriously long — it typically takes about 18 months to two years for the full effect of rate hikes to filter fully into the economy,” Green said, adding that excessive rate hikes could lead to a recession in the U.S.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 30.6% chance the Fed will leave rates as is at July’s meeting, while 69.4% says the Fed will raise interest rates by 25 basis points.\n(Updates with equities section)', 'Bitcoin fell in Thursday morning trading in Asia, dropping below US$25,000 at one stage for the first time since mid-March. Ether also retreated with other top 10 non-stablecoin cryptocurrencies as trading volumes dipped and the U.S. Fed left interest rates unchanged as expected, but warned of more hikes this year to tackle inflation. Ripple’s XRP token fell despite the release of documents this week that were expected to help the company’s defense in an SEC lawsuit.\nBitcoin fell 2.94% over the last 24 hours to US$25,062.60 at 6:30 a.m. in Hong Kong, losing 4.69% in the last week, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$490 billion, dipped below the US$25,000 support line to as low as US$24,902 earlier in the morning.\nEther fell 4.74% to US$1,652.25, posting a 9.70% loss for the week. All other top 10 non-stablecoin cryptocurrencies fell, according to CoinMarketCap.\nCardano dropped 4.10% to US$0.2624, losing 18.57% of its value in the past seven days. Solana fell 3.18% to US$14.44 and posted a weekly loss of 22.52%.\nThe two tokens have been on a downtrend since being named in the SEC’s lawsuit filed last week against the Binance.US and Coinbase exchanges, where the federal agency categorized the two — along with many other altcoins — as financial securities.\nBenjamin Stani, the director of business development and sales at crypto trading platform Matrixport, said the declines are mostly the overhang from the SEC suing Binance and Coinbase.\n“It’s been predominantly the altcoins that have been dropping,” said Stani. “BTC and, to some extent, ETH as well have been holding up better and that I think is mostly attributable to the fact that the SEC named a lot of [altcoins] as securities and that has this chilling effect.”\nThe U.S. Federal Reserve left interest rates unchanged as expected on Wednesday at 5% to 5.25% after ten consecutive hikes to curb inflation.\nBut in another negative for investors, Fed chair Jerome Powellsaidit may take years to get inflation under control, dousing expectations for rate cuts later this year and raising the likelihood of higher interest rates ahead. Stocks ended mixed.\nRipple’s XRP token led the losers in the crypto top 10 by market capitalization, falling 7.48% to US$0.4793 on the day for a weekly loss of 7.19%.\nThe declines came despite the release of the so-called “Hinman documents,” this week, a collection of previously sealed emails and pages from former U.S. Securities and Exchange Commission director William Hinman. The notes indicate that Ether should not be categorized as a financial security.\nRipple Labs Inc. was sued by the SEC in December 2020 on allegations XRP was sold as an illegal unregistered security. Ripple wanted the Hinmandocumentsmade public, arguing they show the SEC itself was sending mixed and confused signals over whether cryptocurrencies were securities and failing to offer clear guidance to the industry, which is part of Ripple’sfair notice defensein the case.\nHowever, XRP’s price hasn’t benefited from the release of the documents. Gabriel Shapiro, a U.S.-based attorney and the general counsel at blockchain firm Delphi Labs,wroteon Twitter Tuesday — “\u200b\u200bHinman emails are a nothingburger though great for Ether. No idea why Ripple thinks these emails help Ripple’s case.”\nShapiro added that the documents were not the bombshell compared to the “huge hype” given to them.\nThe total cryptocurrency market cap lost 2.76% to US$1.02 trillion in the last 24 hours, and the daily crypto trading volume fell 5.37% to US$31.89 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 0.86% to 2,912.74 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.64% for the week.\nTotal NFT transactions rose 0.13% to US$23.7 million, while sales on Ethereum, the leading blockchain by volume, fell 4.78% over the last 24 hours to US$13.52 million, according to CryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of transactions, rising 6.95% to US$4.1 million in the last 24 hours.\nThe recent buzz in the NFT community is around ERC-6551, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. ERC-6551 is the latest NFT standard for the Ethereum network that went into effect on May 7 this year.\n“ERC-6551 is introducing a standard for NFTs by unlocking their ability to be a smart wallet that can interact with different decentralized apps in the Ethereum ecosystem,” Petscher explained. “With ERC-6551, when you transfer an NFT, the wallet and the tokens that the NFT holds also goes with it. Basically wallets within wallets.”\nAbout 196 million of Blur tokens worth around US$62 million, 40% of the circulating supply, are being unlocked and distributed to investors and contributors on Wednesday, U.S. time. Blur is the native utility and governance tokens of the Blur NFT marketplace.\n“[This] will almost definitely cause a crash in price, which will impact NFT prices,” Petscher said. “Basically, if the token is devalued, will people still want to farm for it via trading NFTs?”\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — topped sales by collection, selling US$3.14 million in the last 24 hours.\nEthereum-based BoringPunks marked second with US$1.63 million in sales, with over 20,000 transactions in the past day.\nU.S. stock futures edged down as of 11:00 a.m. in Hong Kong after a mixed regular trading day on Wednesday. Dow Jones Industrial Average futures fell 0.09%, S&P 500 futures edged 0.06% lower and Nasdaq Futures lost 0.09%.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year.\nHowever, post-meeting comments from Powell hinted at two more rate hikes by the end of this year, while stating that rate cuts will not happen unless inflation is under control. That didn’t go down well with some business leaders.\n“The battle against inflation is being won. This is now the time for the Fed to stop – not pause – interest rate hikes,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The time lag for monetary policies is notoriously long — it typically takes about 18 months to two years for the full effect of rate hikes to filter fully into the economy,” Green said, adding that excessive rate hikes could lead to a recession in the U.S.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 30.6% chance the Fed will leave rates as is at July’s meeting, while 69.4% says the Fed will raise interest rates by 25 basis points.\n(Updates with equities section)', 'Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K. Insights: Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved. Prices CoinDesk Market Index (CMI) 1,068 −37.0 ▼ 3.4% Bitcoin (BTC) $25,177 −792.9 ▼ 3.1% Ethereum (ETH) $1,654 −88.3 ▼ 5.1% S&P 500 4,372.59 +3.6 ▲ 0.1% Gold $1,953 +8.2 ▲ 0.4% Nikkei 225 33,502.42 +483.8 ▲ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,068 −37.0 ▼ 3.4% Bitcoin (BTC) $25,177 −792.9 ▼ 3.1% Ethereum (ETH) $1,654 −88.3 ▼ 5.1% S&P 500 4,372.59 +3.6 ▲ 0.1% Gold $1,953 +8.2 ▲ 0.4% Nikkei 225 33,502.42 +483.8 ▲ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Regains $25K After Dip Bitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the threshold. BTC was recently trading at about $25,171, off 3.1% over the past four hours, part of a wider crypto selloff. The largest cryptocurrency in market value had been traveling comfortably just below $26,000 for much of the past five days as markets awaited the latest interest rate decision by the U.S. central bank and continued to chew over last week\'s U.S. Securities and Exchange lawsuits against crypto exchanges Binance and Coinbase. The Federal Reserve elected to suspend rate hikes, but comments by bank Chair Jerome Powell following the announcement appeared to spook markets. Powell reiterated the Fed\'s commitment to sink annual inflation to a target 2.5%. It currently stands at 4%. But critics of bank policy say that the focus on prices risks sending the economy into a recession. Just as equity markets were closing a lackluster day, digital assets plunged. Ether, the second largest crypto by market cap, fell to $1,630 before regaining ground to hover near $1,654, off 5.1% from Tuesday, same time. Story continues Among other major cryptos, XRP retreated was recently down 6.4% to trade at just over 48 cents over the past 24 hours. It sank as low as 46 cents earlier in the day, its lowest level in June, according to CoinDesk Indices data. The CoinDesk Market Index , a measure of crypto markets performance, was recently down 3.8%. In an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that bitcoin\'s late plunge did not necessarily foreshadow a larger downturn. "We have to remember that the crypto market is a relatively small market, and a few hundred million dollars can move the market for a few percent," Lienkha wrote. "So let\'s see the following days if it is really a downward trend or just a single whale sell off." And in a follow-up comment to an earlier note to CoinDesk, Markus Levin, co-founder of blockchain geospatial network XYO Network, wrote that despite the Fed\'s hawkish, post-announcement comments, he believed that has "bottomed already for" its current "four-year cycle." "But nothing is certain in this market, especially when it comes to crypto," he added. For example, if we do enter recession territory, then we should be prepared for even more unpredictable movements with Bitcoin and other assets that are further along the risk curve.” Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +0.1% Computing Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −6.2% Currency Ethereum ETH −5.0% Smart Contract Platform Gala GALA −4.1% Entertainment Insights Large Bitcoin Holders Hold Their Ground Despite the recent regulatory turmoil hitting crypto markets, larger holders of bitcoin have not been reducing their bitcoin holdings. (Glassnode) Data from on-chain analytics firm Glassnode , shows that unique addresses holding between 100-1,000 BTC have increased their BTC holdings since the U.S. Securities and Exchange Commission\'s (SEC) announced lawsuits versus Binance and Coinbase. Addresses holding between 10 and 100 BTC performed similarly. The risk appetite was not as robust however for wallets holding more than 1,000 BTC. Addresses holding between 1,000 and 100,000 BTC stayed relatively flat, although a slight decline occurred with the segment of addresses holding between 1,000 and 10,000. The data coincides with funding rates that remain positive for BTC as well as a decrease in BTC on centralized exchanges. While not necessarily a bullish signal, the data implies that large bitcoin investors are content to sit on their positions at the moment. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. 9:30 a.m. HKT/SGT(1:30 UTC) Australia Unemployment Rate s.a. (May) 10:00 a.m. HKT/SGT(2:00 UTC) China Retail Sales (YoY/May) 8:15 p.m. HKT/SGT(12:15 UTC) European Central Bank Monetary Policy Decision Statement CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Traders Await Fed Decision; Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now Bitcoin traders were taking a defensive stance ahead of the Fed’s monetary policy meeting later today. Bitwise Asset Management Chief Investment Officer Matt Hougan joined "First Mover" to discuss. Separately, the federal judge overseeing the U.S. Securities and Exchange Commission (SEC)\'s case against Binance and Binance.US declined to order a temporary restraining order freezing the U.S. trading platform\'s assets. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De broke down the decision. Plus, Prometheum co-CEO and founder Aaron Kaplan joined the show after speaking on Capitol Hill Tuesday about crypto legislation. Headlines DeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet : EigenLayer\'s developers raised $64.5 million in a series of investment rounds. The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum : The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions. ‘Distributed Validator Technology’ Marks Last Key Milestone in Ethereum’s Current Era : The technology known as DVT involves splitting a validator\'s private key across several node operators. The goal is to increase the network\'s resilience – while also protect the individual validators – by reducing single points of failure. Bitcoin Supply on Exchanges Slides to Three-Year Low : Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks. Blockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders : AlchemyAI will launch as two new products – an in-app chatbot and a ChatGPT plugin – to help web3 developers access data faster and speed up product development.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K.\nInsights:Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved.\nCoinDesk Market Index (CMI)\n1,068\n−37.0▼3.4%\nBitcoin (BTC)\n$25,177\n−792.9▼3.1%\nEthereum (ETH)\n$1,654\n−88.3▼5.1%\nS&P 500\n4,372.59\n+3.6▲0.1%\nGold\n$1,953\n+8.2▲0.4%\nNikkei 225\n33,502.42\n+483.8▲1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,068", "\\u221237.0\\u25bc3.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,177", "\\u2212792.9\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,654", "\\u221288.3\\u25bc5.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,372.59", "+3.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,953", "+8.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,502.42", "+483.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains $25K After Dip\nBitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the threshold.\nBTC was recently trading at about $25,171, off 3.1% over the past four hours, part of a wider crypto selloff. The largest cryptocurrency in market value had been traveling comfortably just below $26,000 for much of the past five days as markets awaited the latest interest rate decision by the U.S. central bank and continued to chew over last week\'s U.S. Securities and Exchange lawsuits against crypto exchanges Binance and Coinbase.\nThe Federal Reserve elected to suspend rate hikes, but comments by bank Chair Jerome Powell following the announcement appeared to spook markets. Powell reiterated the Fed\'s commitment to sink annual inflation to a target 2.5%. It currently stands at 4%. But critics of bank policy say that the focus on prices risks sending the economy into a recession.\nJust as equity markets were closing a lackluster day, digital assets plunged. Ether, the second largest crypto by market cap, fell to $1,630 before regaining ground to hover near $1,654, off 5.1% from Tuesday, same time.\nAmong other major cryptos,XRP retreatedwas recently down 6.4% to trade at just over 48 cents over the past 24 hours. It sank as low as 46 cents earlier in the day, its lowest level in June, according toCoinDesk Indicesdata. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.8%.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that bitcoin\'s late plunge did not necessarily foreshadow a larger downturn. "We have to remember that the crypto market is a relatively small market, and a few hundred million dollars can move the market for a few percent," Lienkha wrote. "So let\'s see the following days if it is really a downward trend or just a single whale sell off."\nAnd in a follow-up comment to an earlier note to CoinDesk, Markus Levin, co-founder of blockchain geospatial network XYO Network, wrote that despite the Fed\'s hawkish, post-announcement comments, he believed that has "bottomed already for" its current "four-year cycle."\n"But nothing is certain in this market, especially when it comes to crypto," he added. For example, if we do enter recession territory, then we should be prepared for even more unpredictable movements with Bitcoin and other assets that are further along the risk curve.”\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.1%", "DACS Sector": "Computing"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nLarge Bitcoin Holders Hold Their Ground\nDespite the recent regulatory turmoil hitting crypto markets, larger holders of bitcoin have not been reducing their bitcoin holdings.\nData from on-chain analytics firmGlassnode, shows that unique addresses holding between 100-1,000 BTC have increased their BTC holdings since the U.S. Securities and Exchange Commission\'s (SEC) announced lawsuits versus Binance and Coinbase.\nAddresses holding between 10 and 100 BTC performed similarly. The risk appetite was not as robust however for wallets holding more than 1,000 BTC.\nAddresses holding between 1,000 and 100,000 BTC stayed relatively flat, although a slight decline occurred with the segment of addresses holding between 1,000 and 10,000.\nThe data coincides with funding rates that remain positive for BTC as well as a decrease in BTC on centralized exchanges. While not necessarily a bullish signal, the data implies that large bitcoin investors are content to sit on their positions at the moment.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (May)\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/May)\n8:15 p.m. HKT/SGT(12:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Traders Await Fed Decision; Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now\nBitcoin traders were taking a defensive stance ahead of the Fed’s monetary policy meeting later today. Bitwise Asset Management Chief Investment Officer Matt Hougan joined "First Mover" to discuss. Separately, the federal judge overseeing the U.S. Securities and Exchange Commission (SEC)\'s case against Binance andBinance.USdeclined to order a temporary restraining order freezing the U.S. trading platform\'s assets. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De broke down the decision. Plus, Prometheum co-CEO and founder Aaron Kaplan joined the show after speaking on Capitol Hill Tuesday about crypto legislation.\nDeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet:EigenLayer\'s developers raised $64.5 million in a series of investment rounds.\nThe Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum:The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions.\n‘Distributed Validator Technology’ Marks Last Key Milestone in Ethereum’s Current Era:The technology known as DVT involves splitting a validator\'s private key across several node operators. The goal is to increase the network\'s resilience – while also protect the individual validators – by reducing single points of failure.\nBitcoin Supply on Exchanges Slides to Three-Year Low:Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.\nBlockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders:AlchemyAI will launch as two new products – an in-app chatbot and a ChatGPT plugin – to help web3 developers access data faster and speed up product development.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K.\nInsights:Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved.\nCoinDesk Market Index (CMI)\n1,068\n−37.0▼3.4%\nBitcoin (BTC)\n$25,177\n−792.9▼3.1%\nEthereum (ETH)\n$1,654\n−88.3▼5.1%\nS&P 500\n4,372.59\n+3.6▲0.1%\nGold\n$1,953\n+8.2▲0.4%\nNikkei 225\n33,502.42\n+483.8▲1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,068", "\\u221237.0\\u25bc3.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,177", "\\u2212792.9\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,654", "\\u221288.3\\u25bc5.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,372.59", "+3.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,953", "+8.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,502.42", "+483.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains $25K After Dip\nBitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the threshold.\nBTC was recently trading at about $25,171, off 3.1% over the past four hours, part of a wider crypto selloff. The largest cryptocurrency in market value had been traveling comfortably just below $26,000 for much of the past five days as markets awaited the latest interest rate decision by the U.S. central bank and continued to chew over last week\'s U.S. Securities and Exchange lawsuits against crypto exchanges Binance and Coinbase.\nThe Federal Reserve elected to suspend rate hikes, but comments by bank Chair Jerome Powell following the announcement appeared to spook markets. Powell reiterated the Fed\'s commitment to sink annual inflation to a target 2.5%. It currently stands at 4%. But critics of bank policy say that the focus on prices risks sending the economy into a recession.\nJust as equity markets were closing a lackluster day, digital assets plunged. Ether, the second largest crypto by market cap, fell to $1,630 before regaining ground to hover near $1,654, off 5.1% from Tuesday, same time.\nAmong other major cryptos,XRP retreatedwas recently down 6.4% to trade at just over 48 cents over the past 24 hours. It sank as low as 46 cents earlier in the day, its lowest level in June, according toCoinDesk Indicesdata. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.8%.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that bitcoin\'s late plunge did not necessarily foreshadow a larger downturn. "We have to remember that the crypto market is a relatively small market, and a few hundred million dollars can move the market for a few percent," Lienkha wrote. "So let\'s see the following days if it is really a downward trend or just a single whale sell off."\nAnd in a follow-up comment to an earlier note to CoinDesk, Markus Levin, co-founder of blockchain geospatial network XYO Network, wrote that despite the Fed\'s hawkish, post-announcement comments, he believed that has "bottomed already for" its current "four-year cycle."\n"But nothing is certain in this market, especially when it comes to crypto," he added. For example, if we do enter recession territory, then we should be prepared for even more unpredictable movements with Bitcoin and other assets that are further along the risk curve.”\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.1%", "DACS Sector": "Computing"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nLarge Bitcoin Holders Hold Their Ground\nDespite the recent regulatory turmoil hitting crypto markets, larger holders of bitcoin have not been reducing their bitcoin holdings.\nData from on-chain analytics firmGlassnode, shows that unique addresses holding between 100-1,000 BTC have increased their BTC holdings since the U.S. Securities and Exchange Commission\'s (SEC) announced lawsuits versus Binance and Coinbase.\nAddresses holding between 10 and 100 BTC performed similarly. The risk appetite was not as robust however for wallets holding more than 1,000 BTC.\nAddresses holding between 1,000 and 100,000 BTC stayed relatively flat, although a slight decline occurred with the segment of addresses holding between 1,000 and 10,000.\nThe data coincides with funding rates that remain positive for BTC as well as a decrease in BTC on centralized exchanges. While not necessarily a bullish signal, the data implies that large bitcoin investors are content to sit on their positions at the moment.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (May)\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/May)\n8:15 p.m. HKT/SGT(12:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Traders Await Fed Decision; Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now\nBitcoin traders were taking a defensive stance ahead of the Fed’s monetary policy meeting later today. Bitwise Asset Management Chief Investment Officer Matt Hougan joined "First Mover" to discuss. Separately, the federal judge overseeing the U.S. Securities and Exchange Commission (SEC)\'s case against Binance andBinance.USdeclined to order a temporary restraining order freezing the U.S. trading platform\'s assets. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De broke down the decision. Plus, Prometheum co-CEO and founder Aaron Kaplan joined the show after speaking on Capitol Hill Tuesday about crypto legislation.\nDeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet:EigenLayer\'s developers raised $64.5 million in a series of investment rounds.\nThe Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum:The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions.\n‘Distributed Validator Technology’ Marks Last Key Milestone in Ethereum’s Current Era:The technology known as DVT involves splitting a validator\'s private key across several node operators. The goal is to increase the network\'s resilience – while also protect the individual validators – by reducing single points of failure.\nBitcoin Supply on Exchanges Slides to Three-Year Low:Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.\nBlockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders:AlchemyAI will launch as two new products – an in-app chatbot and a ChatGPT plugin – to help web3 developers access data faster and speed up product development.', 'Apple has rejected the latest version of Zeus, a non-custodial Lightning-enabledBitcoinwallet, citing the transmission of virtual currency without the necessary licenses and permissions as the primary reason for rejection. This decision comes just a day afterApple\'s dispute with Damus, a decentralized social media platform that operates on the Nostr protocol. Damus\'s "zap" feature, which allows users to send small amounts of Bitcoin over the Lightning Network to content creators as a token of appreciation, was the cause of Apple\'s concern. Apple has now turned its attention to Zeus, demanding proof of the required licenses and permissions for the app to facilitate virtual currency transmission or face rejection from the App Store.\nZeus, which does not take custody of funds or private keys, is believed to be in violation of Apple\'s guidelines that require apps to provide proof of appropriate licenses for cryptocurrency transmission. However, legal experts argue that non-custodial wallets like Zeus should not be classified as money transmitters, a designation typically reserved for custodial wallets. Some hope for a compromise, as other non-custodial wallets currently exist in the App Store. The prior version of Zeus remains available, and it is unclear what changes were made to the new version.', 'Apple has rejected the latest version of Zeus, a non-custodial Lightning-enabledBitcoinwallet, citing the transmission of virtual currency without the necessary licenses and permissions as the primary reason for rejection. This decision comes just a day afterApple\'s dispute with Damus, a decentralized social media platform that operates on the Nostr protocol. Damus\'s "zap" feature, which allows users to send small amounts of Bitcoin over the Lightning Network to content creators as a token of appreciation, was the cause of Apple\'s concern. Apple has now turned its attention to Zeus, demanding proof of the required licenses and permissions for the app to facilitate virtual currency transmission or face rejection from the App Store.\nZeus, which does not take custody of funds or private keys, is believed to be in violation of Apple\'s guidelines that require apps to provide proof of appropriate licenses for cryptocurrency transmission. However, legal experts argue that non-custodial wallets like Zeus should not be classified as money transmitters, a designation typically reserved for custodial wallets. Some hope for a compromise, as other non-custodial wallets currently exist in the App Store. The prior version of Zeus remains available, and it is unclear what changes were made to the new version.', 'Apple Rejects Another Bitcoin App Zeus, Which Does not Take Custody of Funds or Private Keys, is Believed to Be in Violation of Apple\'s Guidelines Apple has rejected the latest version of Zeus, a non-custodial Lightning-enabled Bitcoin wallet, citing the transmission of virtual currency without the necessary licenses and permissions as the primary reason for rejection. This decision comes just a day after Apple\'s dispute with Damus , a decentralized social media platform that operates on the Nostr protocol. Damus\'s "zap" feature, which allows users to send small amounts of Bitcoin over the Lightning Network to content creators as a token of appreciation, was the cause of Apple\'s concern. Apple has now turned its attention to Zeus, demanding proof of the required licenses and permissions for the app to facilitate virtual currency transmission or face rejection from the App Store. Zeus, which does not take custody of funds or private keys, is believed to be in violation of Apple\'s guidelines that require apps to provide proof of appropriate licenses for cryptocurrency transmission. However, legal experts argue that non-custodial wallets like Zeus should not be classified as money transmitters, a designation typically reserved for custodial wallets. Some hope for a compromise, as other non-custodial wallets currently exist in the App Store. The prior version of Zeus remains available, and it is unclear what changes were made to the new version.', "Bitcoin development nonprofit, Brink, has received a significant financial pledge of $5 million from Jack Dorsey's #startsmall organization. This commitment of $1 million per year over the next five years will provide a strong foundation for Brink's mission of supporting Bitcoin developers and ensuring the long-term sustainability of the Bitcoin core codebase. Brink offers fellowship, grants, and mentorship programs to foster open-source development for Bitcoin and related technologies, aiming to strengthen the Bitcoin network and developer ecosystem. The support from #startsmall will enable Brink to attract more talent, expand educational initiatives, and provide ongoing assistance to Bitcoin developers in their crucial work.\nThe pledge from #startsmall not only emphasizes the growing significance of Bitcoin and its underlying technology but also showcases the commitment of #startsmall to open-source initiatives. This substantial funding injection will empower Brink to create a sustainable environment for Bitcoin development, furthering their efforts to advance the Bitcoin ecosystem and decentralized systems.", "Bitcoin development nonprofit, Brink, has received a significant financial pledge of $5 million from Jack Dorsey's #startsmall organization. This commitment of $1 million per year over the next five years will provide a strong foundation for Brink's mission of supporting Bitcoin developers and ensuring the long-term sustainability of the Bitcoin core codebase. Brink offers fellowship, grants, and mentorship programs to foster open-source development for Bitcoin and related technologies, aiming to strengthen the Bitcoin network and developer ecosystem. The support from #startsmall will enable Brink to attract more talent, expand educational initiatives, and provide ongoing assistance to Bitcoin developers in their crucial work.\nThe pledge from #startsmall not only emphasizes the growing significance of Bitcoin and its underlying technology but also showcases the commitment of #startsmall to open-source initiatives. This substantial funding injection will empower Brink to create a sustainable environment for Bitcoin development, furthering their efforts to advance the Bitcoin ecosystem and decentralized systems.", "Former Twitter CEO Jack Dorsey Donates $5 Million to Bitcoin Non-Profit The Support from #startsmall Will Enable Brink to Attract More Talent Bitcoin development nonprofit, Brink, has received a significant financial pledge of $5 million from Jack Dorsey's #startsmall organization. This commitment of $1 million per year over the next five years will provide a strong foundation for Brink's mission of supporting Bitcoin developers and ensuring the long-term sustainability of the Bitcoin core codebase. Brink offers fellowship, grants, and mentorship programs to foster open-source development for Bitcoin and related technologies, aiming to strengthen the Bitcoin network and developer ecosystem. The support from #startsmall will enable Brink to attract more talent, expand educational initiatives, and provide ongoing assistance to Bitcoin developers in their crucial work. The pledge from #startsmall not only emphasizes the growing significance of Bitcoin and its underlying technology but also showcases the commitment of #startsmall to open-source initiatives. This substantial funding injection will empower Brink to create a sustainable environment for Bitcoin development, furthering their efforts to advance the Bitcoin ecosystem and decentralized systems.", "Miami Mayor Francis Suarez, known for his embrace of Bitcoin and efforts to position Miami as a crypto-friendly city, has entered the race for the Republican nomination for President. Suarez, who has been accepting his salary in Bitcoin, submitted the necessary paperwork to the Federal Election Commission to officially launch his campaign. Despite facing tough competition from prominent candidates such as former President Donald Trump and Florida Governor Ron DeSantis, Suarez hopes to leverage his experience in leading Miami during the pandemic-induced tech worker exodus from Silicon Valley and New York, which resulted in several crypto firms relocating to the city.\nSuarez has been a vocal advocate for Bitcoin, emphasizing its potential to democratize wealth in America. He has explored the acceptance of taxes and payment of municipal employees in Bitcoin and even introducedMiamiCoin, a cryptocurrency built on the Bitcoin adjacent blockchain called Stacks. However, MIA faced significant challenges, losing around 95% of its value from its all-time high. Despite this setback, Suarez remains a steadfast supporter of cryptocurrencies and believes in the underlying technology, stating that the price fluctuations do not alter his perspective.\nAs the race for the 2024 Presidential election unfolds, Suarez's entry adds another dimension to the Republican field, highlighting the growing influence of cryptocurrencies and blockchain technology in the political landscape.", "Miami Mayor Francis Suarez, known for his embrace of Bitcoin and efforts to position Miami as a crypto-friendly city, has entered the race for the Republican nomination for President. Suarez, who has been accepting his salary in Bitcoin, submitted the necessary paperwork to the Federal Election Commission to officially launch his campaign. Despite facing tough competition from prominent candidates such as former President Donald Trump and Florida Governor Ron DeSantis, Suarez hopes to leverage his experience in leading Miami during the pandemic-induced tech worker exodus from Silicon Valley and New York, which resulted in several crypto firms relocating to the city.\nSuarez has been a vocal advocate for Bitcoin, emphasizing its potential to democratize wealth in America. He has explored the acceptance of taxes and payment of municipal employees Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $486,403,779,400 - Hash Rate: 385148460.1631553 - Transaction Count: 423069.0 - Unique Addresses: 689182.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Tether – the issuer of stablecoinUSDT– has invested in an energy production and sustainable bitcoin (BTC) mining facility in Uruguay, the company announced Tuesdayin a press release. The firm is collaborating with a “local licensed company” and is actively recruiting, according to the release, which did not disclose amounts of the investment or the partner firm. Tether expects that the mining facility will start operating by mid-Q3 this year, a company spokesperson told CoinDesk. The news comes afterTether laid out plansearlier this month to allocate a part of its profits to bitcoin investments, including regular purchases of BTC and funding infrastructure. Alongside that announcement, the company revealed its first bitcoin purchases, saying it held about $1.5 billion of the crypto as of the end of March. “By harnessing the power of Bitcoin and Uruguay's renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining," Paolo Ardoino, Tether’s chief technology officer, said in the press release. South America has seenincreasing attention from overseas crypto investors, specifically bitcoin mining, thanks to a drying up of opportunities in North America. Uruguay's neighborParaguayhas experienced an influx of miners looking to tap into its unused hydropower, though this has caused a stir in that country's political and energy systems. Tether’sUSDTis the largest stablecoin on the market with an $83 billion capitalization. The token is mostly backed with assets like U.S. government-issued debt, but also gold and a stash of secured loans to undisclosed parties. Rising yields over the past year-plus have proven to be a boon for the company, contributing to its $1.5 billion innet profitsfor the first quarter of 2023. UPDATE (May 30, 15:55):Adds expected date to start operation from Tether spokesperson. UPDATE (May 30, 13:55):Adds context about South America.... - Reddit Posts (Sample): [['u/LordBobTheWhale', 'Genuinely curious: why did the US rate pause affect Bitcoin price today?', 104, '2023-06-15 00:09', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/', "It seems pretty clear to me that the US Fed's decision to pause rate hikes had an immediate impact on the price of BTC. Why is that? I'm not concerned about short term price of BTC or sustainability of USD and whatnot, but rather I'm curious about the economic principles at play in general. Looking to learn something here vs be shilled to please. Thanks!", 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/', '149kq2p', [['u/castorfromtheva', 12, '2023-06-15 00:15', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5oewm/', 'Buy the rumor, sell the news.', '149kq2p'], ['u/malceum', 14, '2023-06-15 00:30', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5qcbz/', 'The Fed isn\'t pausing, since it announced more hikes are likely. It would have been better if the Fed hiked now and said this is likely the end.\n\nInstitutions that control asset prices already know what the Fed is going to do. Asset price movements based on "news" -- which is news to you, not them -- are designed to suck your money away. Try not to get too worried about short term fluctuations, especially ones that are supposedly related to "news."', '149kq2p'], ['u/PocketMoneey', 18, '2023-06-15 00:50', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5sstp/', 'The Fed will probably raise the interest rates another two times. Therefore it is less attractive for investors to hold bitcoin if they can instead earn interest of around 6 percent on bonds.', '149kq2p'], ['u/drunk_in_denver', 13, '2023-06-15 00:51', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5sz8m/', 'I don\'t think the Fed news had anything to do with it. The "literal" timing is off. Usually the move is instant with the news. There was quite a delay here. Word on the street it was probably market manipulation from a big player like Binance.', '149kq2p'], ['u/DatTacocatdoe', 107, '2023-06-15 00:53', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5t898/', 'Stronger dollar is bad for btc but don’t worry long term they can’t resist the urge to turn the faucet back on full blast eventually.', '149kq2p'], ['u/Nubraskan', 32, '2023-06-15 00:58', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5tqci/', "Zoom out. Today's price movement is small in bitcoins typical volatility. It's not big enough to care about.", '149kq2p'], ['u/debtfreegoal', 29, '2023-06-15 01:12', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5vkur/', 'The idea of “two more rate hikes” was floated, imo, to keep the markets from running away when today’s “pause” was officially announced. One more rate hike todays pause was priced in already. So when the mention of a second hike was dropped, markets dropped. \n\nChairman is playing some 4D chess with the markets today. And the markets bit. Let it run a news cycle or two and then things will get back on track.', '149kq2p'], ['u/LordBobTheWhale', 16, '2023-06-15 01:36', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5yg2e/', "Yeah I'm not worried. So this fed action today is considered 'strong' dollar action by traditional economics?", '149kq2p'], ['u/LordBobTheWhale', 16, '2023-06-15 01:37', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5ym6p/', 'Sounds like just kicking the can of collapse further down the road to me.', '149kq2p'], ['u/DatTacocatdoe', 14, '2023-06-15 01:41', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5z1cy/', 'More expensive debt makes cash money more valuable. Also a higher return on bonds which is a safe investment. I don’t know anything I’m all in on btc and have a good but not great price point.', '149kq2p'], ['u/debtfreegoal', 15, '2023-06-15 01:51', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo60bk6/', 'That’s the only play here. Hold onto power as long as your can. Maybe the bomb will go off on someone else’s watch.', '149kq2p'], ['u/SuperSaiyanGME', 17, '2023-06-15 01:56', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo60u0u/', 'It was more about the Statement of Economic Projections pricing in a higher terminal rate than what markets had anticipated. I didn’t get the exact figure, but I think it’s gonna be 5.75-6.0% which is higher than the widely expected 5.25-5.50%. While new dollars won’t be created through the banking system, existing dollars will go to treasury, who will create more money through high interest. But nowhere near the amount that 3.4% mortgages for 2 years created in tandem.', '149kq2p'], ['u/LordBobTheWhale', 11, '2023-06-15 02:38', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo65qsw/', 'Yeah I locked in a 3.5% refinance 2 years ago this month actually. Super interesting how that affects so much.', '149kq2p'], ['u/TheWreckaj', 10, '2023-06-15 06:17', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo6tpy4/', 'Got mine at 2.125% a year before that. They’re paying me to borrow their money.', '149kq2p'], ['u/Ritayan', 11, '2023-06-15 07:10', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo6ygv5/', 'They announced 2 more rate hikes later this year. That had an impact. Plus it kinda became clear that either something big has to break or rate cuts will come late. Most probably markets are reacting to this.', '149kq2p'], ['u/AFaded', 12, '2023-06-15 07:58', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo72b6k/', "This is fucking bullshit. If it was a weaker dollar, bitcoin would still go down because of reasons.\n\nEvery new horror in the news is negatively affecting btc. It's just a never ending onslaught of bullshit news.", '149kq2p']]], ['u/nickolsdrew', 'What’s with the consistent downward pressure on Block (SQ)?', 34, '2023-06-15 01:36', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/', 'Is it the Hindenburg hit piece ? \n\nAre they over leveraged in Bitcoin ? \n\nDebt ? \n\nThey have a hefty operating cost keeping them from near term profitability yes, but they print Billions and have an established brand, a variety of revenue streams, and beat earnings projections regularly . That’s more than you can say about many of the unprofitable tech that’s up over 100% ytd lol \n\n 58-$65 throughout the recovery….lagging every else in my portfolio, for the last year really . \n\nWhat gives ?', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/', '149mqio', [['u/nakfoor', 24, '2023-06-15 02:51', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo67986/', "The memory of SQ burns me. Somehow I didn't see its COVID surge in my account because I would have sold it. Then it collapsed and I took a meager 15% gain.", '149mqio'], ['u/Certain-Resident450', 11, '2023-06-15 03:11', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo69lhf/', "Does it have any moat? Isn't it easily replaceable by Apple's Tap to Pay?", '149mqio'], ['u/Reeeeeekola', 35, '2023-06-15 03:32', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6c0be/', 'Block is the worst parts of PayPal, Coinbase and a regional bank. Why should it be up?', '149mqio'], ['u/im_not', 54, '2023-06-15 04:48', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6ko78/', 'Toast is dominating the restaurant space, legacy POS hardware/software has caught up to square’s elegant simplicity, the purchase of Afterpay was insanely expensive and hasn’t proven out, BNPL itself is looking more and more like a fad, Dorsey is an uninspiring absentee CEO preoccupied with his web5 garbage, tidal is never going to gain wide consumer adoption and was bought so Dorsey could cozy up to jay z and jay z doesn’t give a shit about him.', '149mqio'], ['u/RigusOctavian', 15, '2023-06-15 05:06', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6moz9/', 'Near term profitability problem for a company printing “Billions” is probably a good start.\n\nThe VC faucet dried up. Excessive burn rates will do what they do best, burn out. If your model isn’t making you money, and you aren’t eating your competition, you are waiting to be bought.', '149mqio'], ['u/thenoodleincident18', 32, '2023-06-15 05:17', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6nv5o/', 'I have to say the Tidal purchase was when I got out. Still not clear to me how that made any sense.', '149mqio'], ['u/SharpShooter2-8', 22, '2023-06-15 05:20', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6o4po/', 'Can’t go broke making money.', '149mqio'], ['u/Background_Drama6126', 10, '2023-06-15 06:58', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6xgvz/', 'Why is a report showing what appears to be true considered a "hit piece"? 🤔🤔🤔🤔', '149mqio']]], ['u/-Squidster-', 'So, who is Cardsmiths and the Artists behind Currency?', 31, '2023-06-15 02:45', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/', 'Seeing how we are all buying and enjoying this amazing Series, I figured it be good to have a little insight into the company/artists creating these masterpieces. After all, most of us come from the background of being over at r/Superstonk, so we\'re kind of know for digging around a little (puts on tin foil hat).\n\nCompany Name: CARDSMITHS, LLC\n\n* LLC Filing Date: \tJune 24, 2022\n* Company Age: \t1 Year\n\n"Parent company" - Toynk Toys, L.L.C. \n\n* Business Started: 9/13/2001\n* Years in Business: 21\n* 205 Burnet Dr Gilberts, IL, 60136-9604 United States\n\nPartnerships: Cardsmiths partners with Coinbase Commerce to offer a wide range of crypto payment options. Customers can make purchases using Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), Bitcoin Cash (BCH), DAI, or USD Coin (USDC). \n\nAlso partners with companies for licensing series such as CAPCOM, MGM, Bob Ross Inc, etc.\n\n* Current Series: Currency, Street Fighter, Bob Ross. \n* Coming Soon(s): Killer Klowns from Outer Space, The Golden Girls, Double Dragon.\n* Rumored Future Series: Cuphead, Bloodsport and more. \n\nInterview with Cardsmiths Co-Founder Jeff Betau & Co-founder/CEO of Toynk, Steve Loney\n\n[https://youtu.be/3kM93viroTQ?t=1245](https://youtu.be/3kM93viroTQ?t=1245)\n\nJeff appears to have been in the business of collectibles for awhile beyond Toynk/Cardsmiths, here’s an interview of him going over Star Wars helmets with eFX Collectibles.\n\n[https://www.youtube.com/watch?v=maRJFMz9peY](https://www.youtube.com/watch?v=maRJFMz9peY)\n\n\n\nThe Artist - Card #\'s\n\n* [Alanside](https://www.instagram.com/alan.side/?hl=en) \\- 7, 41\n* [Anarchyonthe](https://www.instagram.com/anarchyonthe/?hl=en) \\-12, 32, 44\n* Anne Nicieza -24, 25\n* [Arthur Suydam](https://www.instagram.com/arthurthezombieking/?hl=en) \\- 13, 22, 47\n* [Ariel Olivetti](https://www.instagram.com/arielolivetti/?hl=en) \\- 57\n* [Arturs Zaharcuks](https://www.artstation.com/arthurzaharchuk) \\- 45\n* [Joe Simko](https://www.instagram.com/joesimko_nyc/) \\- 18, 28, 28A, 46, 59, MR3\n* [Jon Mctavish](https://www.instagram.com/jonmctavish_art/?hl=en) \\- 6, 16, 34, MR5, MR8\n* [Karl Jones](https://www.beckett.com/search/?player=667199&result_type=59\|67) \\- 3, 40\n* Konstantin - 8, 29, 33\n* [Mariano Nicieza](https://www.instagram.com/marianonicieza/tagged/) \\- 58\n* [Matt](https://www.linkedin.com/in/matt-paganelis-8aab046/) [Paganelis](https://www.instagram.com/17pegs/) \\- 1, 1A, 10, 53, MR2, MR6, MR6A, MR7, MR7A\n* [Matthew Zucker](https://MazAdamsArt.DeviantArt.com) \\- 42, 43\n* [Michael Golden](https://www.instagram.com/explore/tags/michaelgolden/?hl=en) \\- 17, 38, 50, 56\n* [Mike Dicarlo](https://www.instagram.com/m_r_dicarlo/) \\- 55\n* Nestor Pagan - 2\n* [Oscar Jesus](https://www.artstation.com/oscarjesushdz) \\- 4, 20, 27, 30, MR1\n* [Rachid Lotf](https://www.instagram.com/rachidlotf/?hl=en) \\- 9, 19, MR4, MR4A\n* [Rafael Monteiro Bicalho](https://www.artstation.com/rafael_bicalho) \\- 36, 48, 54, 60\n* [Rich Molinelli](https://www.instagram.com/richmolinelli/?hl=en) \\- 23, 31\n* [Sarah Fletcher](https://www.instagram.com/gr0vey.art/?hl=en) \\- 11, 21, 52\n* [Thomas Zahler](https://www.instagram.com/thomzahler/?hl=en) \\- 14, 26, 35, 37, 39, 49, 51\n* [Tim Levandoski](https://www.beckett.com/player/tim-levandoski-630857) \\- 15\n* [Tom Badley](https://tombadley.net/) \\- Nikola & Shiba CFs\n* [Vibhas Virwani](https://www.instagram.com/vibhasvirwani/?hl=en) \\- 5\n\nPlease if I\'ve missed anything, such as correct/better links for each artist, please leave them below. If you poke around some, you\'ll notice some of them have 3D art for the cards they made, such as [Artus Zaharcuks\' Artstation page, where you can see the 3D Bitcoin bull he made.](https://www.artstation.com/arthurzaharchuk)\n\nOnce this info/list is more complete, we\'ll make an official "Artist links" section in the subreddit\'s Menu.\n\nCardsmiths mentions NFTs multiple times on their site, will this be something we see in future series? What of the lost MR HFs & forgotten 53A from Series 1? WILL THEY RETURN?! We\'ll find out!', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/', '149o74m', [['u/WreckYoCrew', 13, '2023-06-15 03:42', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/jo6d8e6/', 'Love and appreciate how you and a couple others are really taking the lead and "legitimizing" the sub. First with the trades/reputation thing and with content like this.\n\nAlso taking the time to comment on so many people\'s post. Much respect ✊️', '149o74m'], ['u/-Squidster-', 10, '2023-06-15 03:58', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/jo6f1mc/', 'Thank you, I do enjoy learning more about these series and figured it’s worth sharing so others can learn as well! \n\nI’ve been meaning to do links for the artist for awhile but it’s hard finding all of them on social media. One thing I’ve noticed about some of the more popular sketch/comic artist, they don’t make it easy to locate them 😂', '149o74m']]], ['u/OpportunityItchy3283', 'LSE vs NUS for law', 80, '2023-06-15 03:32', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/', 'hi guys! i have been trying to make a decision between studying at LSE vs NUS law for ages, and I just haven\'t been able to put my foot down and side with one. I was hoping for some opinion on this! Some pros and cons I\'ve thought about for reference: \n\nLSE: \n\n* Pro- Better international prestige. Better access to international firms & their SG branches (in NUS, only the top of the cohort gets this). \n* Pro- Might be easier to get good SG internships due to different term periods from NUS/SMU. \n* Pro- Might be easier to get access to a top UK/US master\'s degree (unsure about how true this is) \n* Pro- Y1 is not graded. This gives me time to get used to the law curriculum and pull the GPA up. \n* Pro- An insane period of growth, bc I would need to adult and get used to a new environment. \n* Pro- There is more diversity and individuality in thought. \n* Con- I dislike London. Not a fan of the country\'s culture nor environment. \n* Con- Excessive costs\n* Con- Profs go on strikes -- results in parts of the syllabus being cut out \n\nNUS: \n\n* Pro- Very well regarded in Singapore - which is where I want to work at eventually \n* Pro- Close-knit community; the small size of BTC is something I appreciate. \n* Pro- Close to family! Family is really important to me, and I don\'t love the idea of being away from home so much. \n* Pro- So much cheaper. More value for money because there\'s more contact time while the quality of teaching is good\n* Con- More stressful. Bell-curve system (LSE doesn\'t have one), which creates a dog-eat-dog competition; Y1 and Y2 (acclimatising years) are the most important to getting an internship. \n* Con- Dislike that NUS still has a cookie cutter "ideal student". I\'m worried that they train their students to think the exact same way. \n\nIf you took the time to read this, thank you so much!', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/', '149p6t7', [['u/kabaddie', 33, '2023-06-15 04:03', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6fllv/', 'Tbh LSE as long as u can afford it. NUS is a v reputable uni but no where near LSE.', '149p6t7'], ['u/IvanThePohBear', 16, '2023-06-15 04:17', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6h85g/', 'LSE will open more doors', '149p6t7'], ['u/marilianne', 56, '2023-06-15 05:13', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6ndxc/', 'if you don’t like london, what makes you think you’ll enjoy your 3 years at lse? furthermore lse and other london universities are city campuses, ie. the school buildings are scattered all around the city instead of being in one location like Cambridge for example. \n\nI think if you value your university experience a lot, NUS is a decent option since you mentioned you would rather be close to family + close knit community. However if international prestige and more doors being open is what you’re after, LSE is the better option.', '149p6t7'], ['u/Copious_coffee67', 32, '2023-06-15 06:16', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6tn1n/', 'NUS for you cos you don’t like London and want to practice in SG. Just do an exchange year', '149p6t7'], ['u/ppboy11', 26, '2023-06-15 06:31', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6v19n/', 'LSE > NUS for any other course (e.g economics) but it’s a bit different for law in the sense that there’s not much diff between the two if you’re intending to come back and practice in SG.\n\nIt’s not true that only the top NUS law kids get into the international firms and their SG branches. Many NUS/SMU law grads get training contracts there and get retained as associates.\n\nOverall I would personally go for LSE because:\n1. Easier to graduate with a first (no bellcurve grading)\n2. 3-year LLB means you can spend less time studying (although you still need to do Part A & Part B of the bar so the whole journey is still 4 years, compared to NUS law kids who skip Part A)\n3. LSE Law opens up doors for you to apply for a training contract in London firms and get qualified there (if you want to work there)\n\nIf I had to argue for NUS I would say:\n1. There’s virtually no diff btw UK LLB grad and SG LLB grad if you come back to SG. You can be an Oxford/Cambridge/LSE law kid and find that you’ll come back to work in a law firm alongside other NUS/SMU law kids. There’s no diff in starting pay or progression.\n2. NUS Law is undoubtedly cheaper\n\nAs a bonus you get to enjoy the NUS Law bellcurve and highly competitive environment in honour of the Singaporean education system. Profs don’t give out A grades readily and are happy to give B grades.\n\nIt’s so bad that NUS Law is the only faculty that operates on a different grading classification (top 10% will get FCH, which includes those whose GPA falls below 4.50/5.00—a strict benchmark used by FASS/FoS/FoE/SoC)', '149p6t7'], ['u/Alden_', 11, '2023-06-15 08:42', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo75ljg/', 'I had this exact issue pre-Y1. In my opinion, if you truly do not want to aim for the Magic Circle and White Shoe firms, then NUS is the obvious choice. If the dream is to work in those coveted offshore firms, consider this: While it is true that after a few years of PQE, anyone halfway decent in the big 4 with a 2nd upper NUS degree can lateral into an offshore outfit, the question is if you really want to burn a good chunk of your late 20s in the big 4 where you risk burnout, when you could have better odds hitting the ground running in an offshore firm out of graduation with a FCH LSE degree.\n\nOn thinking the exact way in NUS... You\'ll be surprised. Sometimes innovative thinking is required to make the leap from an A (4.5) to an A+ (5.0). When there is a bell curve, only the absolute perfectionists (your so called "cookie cutters") or the innovators shine.\n\nThe key problem with this choice in retrospect is that it requires you to make an assessment of your academic abilities before you even start school. If you are confident you can net the Dean\'s List under NUS, why bother with overpriced LSE? If you are a straight A student who has never seen a B before and are prepared to forsake most of your social life, I would more confident in recommending NUS (although pre-U performance doesn\'t always map). If not, throw money at the problem and go to LSE.\n\nAlso if you\'re a girl, statistically, LSE might be much better with its one year buffer which might be worth the price and location premium you pay. See: [https://papers.ssrn.com/sol3/papers.cfm?abstract\\_id=4227446](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227446). ("Despite controlling for a wide range of covariates such as standardized entry scores, income proxies, and a large array of fixed effects, \\[NUS Law\\] female students systemically underperform their male counterparts across numerous metrics of law school performance." and this is even though the "data shows that female students actually have higher admission scores relative to their male counterparts.")', '149p6t7']]], ['u/blekautaw', 'Is the US crypto scene going to be BTC-focused?', 95, '2023-06-15 04:20', 'https://www.reddit.com/r/defi/comments/149q61r/is_the_us_crypto_scene_going_to_be_btcfocused/', "There’s been a lot of talk about how regulation is pushing for a BTC-centered market, which someone I think said will bring BTC’s price up to $250K (don't remember the guy's name). But I think that’s a very narrow-minded way of viewing the situation. Crypto as a whole is developing all over the world, as the main markets seem to be Southeast Asia, South Korea, the middle east, and Africa. These places are embracing not only BTC, but altcoins and are developing their own crypto infrastructure. Considering these factors, do you think the market will be focused exclusively on BTC or do you think this will only be a thing in the US? Also can't crypto users circumvent these bans anyway with vpns and relatives abroad?", 'https://www.reddit.com/r/defi/comments/149q61r/is_the_us_crypto_scene_going_to_be_btcfocused/', '149q61r', [['u/ThiseeBockessiq', 25, '2023-06-15 11:03', 'https://www.reddit.com/r/defi/comments/149q61r/is_the_us_crypto_scene_going_to_be_btcfocused/jo7f2gs/', "First of all, BTC will always be special because it's THE OG crypto, but let’s not forget that it doesn’t have much utility outside of transfers and recording transactions on the blockchain and some people rely on some protocols for certain utility. So if you're using a decentralized protocol (like Matrix or Qаmon), you'll have to pay for the service with their own token, not BTC. And as for your list of countries developing crypto, you’re absolutely correct. One of the teams that is pushing for crypto there is Brоxus which has been heavily involved in South Korea and Abu Dhabi (they work on the UAE’s own regulated blockchain too). If the US goes through with their tough regulation, they'll just force users to find other ways to access the tech.", '149q61r']]], ['u/Stratton-Strategy', 'BEST Bitcoin ONLY Wallet', 20, '2023-06-15 04:25', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/', 'I want to know what is the best Bitcoin (Btc) ONLY wallet. \nHere’s a couple that I know of;\nElectrum, a hot wallet, for the desktop\n&\nBitBox2.0 Btc Edition, open-source hardware wallet. \nBoth are fantastic imo. \n\nI want to hear more opinions. \nWhat are the best Bitcoin ONLY wallets on the market?', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/', '149q93y', [['u/senfmeister', 28, '2023-06-15 05:03', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/jo6mc3y/', 'Coldcard', '149q93y'], ['u/adigabusymind', 12, '2023-06-15 06:43', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/jo6w3v8/', 'My favorite on my computer is Sparrow. \nMy favorite on phone is BlueWallet. \n\nGet a hardware wallet, Jade is a ok, but for the price it’s great. Also you can make it a Bitcoin Miner for fun. And use xpub to connect it wherever you want.', '149q93y']]], ['u/thrwaway443222', 'Tate Timeline, Programs and things Destiny keeps getting wrong', 12, '2023-06-15 05:24', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/', "I have been in pickup sphere since 2016, RP sphere since 2018 and have been watching tate since 2019. I have watched all his podcast multiple times, older ones more than 3-4 times as I was in the UK during lockdowns and due to gym closures we were allowed 1 walk outside and I would put headphones and walk for 2-3 hours listening to tate and rollo.\n\nThere are a few things destiny and others get wrong. I am not gonna justify things just list them out and I'll keep it short and simple. This is all from what he has shared. He exaggerates but his storyline has been consistent over the years. Its not that long just spaces make it look long.\n\n# Start\n\nHe was a legit athlete but was making 6figures griding 5-6 months in gym for few fights and the coach and manager would take parts of it.\n\n# Webcam Start\n\n* He lost some $ in casino (i think) and owed the mafias so had to get $ quickly.\n* He locked himself for couple days to learn how money works to make more money to repay the mafias. He studied about federal reserve, assets, liabilities.\n* Tried to make list of assets and saw his asset was only some cash and few girlfriends. \nHe kept seeing ads of camgirls, he clicked on one and saw ppl tipping the girl while she sat and said thank you.\n* He told his 4 girlfriends to fly to him, they did, told them the plan, 2 stayed, 2 left. The 2 that stayed, one of them is still his main girl and possibly the girl in the video that was leaked of him doing bdsm stuff.\n* He expanded cam business, would have men sit and chat from keyboard while girls stayed there and looked pretty and acted like they were typing. They ran the cam studio 24x7.\n\n\n\n# UK Grape Allegations\n\n* They started making bank, partying, one his top earning girls drank too much, puked. He told her to clean it up, she said no, he said if she doesn't he'll throw her stuff. She still didn't, he packed her stuff and threw it outside. She thought he'd never do it because she knew she was the top earner but tate said it was to show dominance and show the girls he's a man of his word and will do it if he said it.\n* She filed police complaint, police came in late night, took him to jail, kept him for 2 days. They found nothing and he got released. The charges were later dropped when the police found texts on the accuser's phone that she said to someone she was gonna frame him because he threw her out.\n* This pissed tate off coz he was put in jail with no evidence, just on the words of a woman. So he decided to move. He fought some times in Romania, liked the Christian city, knew they wouldn't just throw people in jail because a girl said so, and he moved there. \n\n\n# Romania and Money\n\n* He made most of his money over here, this is also where he could pay less taxes and live freely. He turned an old garage into his big house he lives in now. Made bank and with that money he bought land, casinos and started making courses. \n* People miss this but they were making bank and buying crypto to buy watches in Dubai to avoid wire transfer fees. They were very early in ETH and BTC only because they wanted to buy stuff in Dubai (and also to avoid taxes). A lot of their $ also came from SOL as they got in at $8 which rallied to $200. There's even a tweet of Andrew saying to buy BTC when it was 3k and he says he put 600k into it that time. \n* This is where he says the cam was too much headache so he focused on expanding casino and building online presence. \n\n# Onlyfans\n\n* AFAIK Andrew gave up cam business long time ago. When onlyfans came, tristian was running OF management company where he'd just ask women to take pics and vids and other guys were scheduling stuff, sending dms. \n* On F&F he said Onlyfans Official IG account follows him because he was very early on in the game and made bank (because of his cam business experience). \n* I checked and yes OF official account followed Tristian. OF is also based out of London.\n\n# Courses Misconceptions\n\n1. Hustlers university is not a pyramid scheme. \nThey closed the affiliate program after 6k students joining. Initially the affiliate program was to show other ppl you are making $ as proof and get them to join. You only make $25 once someone joins. If the new person gets someone, you don't make anything. It was also closed when ppl started calling it pyramid scheme. At it's peak there were 210k students paying $50/month. \n\n\n2. Hustlers university does not teach cam business or how to get girls. It was ways to make $ online, copywriting, seo, amazon store, shopify, options, crypto, stocks, web development etc.\n\n3. PHD Program (Pimping hoes degree): This was a 2 hour webinar on how to get girls. Not camming, not lover boy method. He basically said attention is a currency and men give it away easily so it doesn't hold any value. But if you give attention only when its required (as in don't pedestalize) and have charisma and game, women will fall for you. The sending 🍒 text was in this course. \n\n4. Cam business course: This was the legit cam business course where he got his main cam girl on video and he explained how the business side worked and the main girl explained how the girls should act. Here he also tells how to recruit girls but I vaguely remember him mentioning to consider girls working in McD or Starbucks, min wage income jobs as they will make more money with girl next door vibes and she'll be more into it as she'd getting paid more. \nI haven't seen this course so I don't know but if I had to guess all the videos the criminal lawyer paid where andrew talked about bottom bitch and how to get her to recruit girls, would be in this one. This is still my guess because I haven't seen this course.\n\n\n\nIf anyone has any more questions I can answer in comments but I hope this clears a lot of stuff. I keep seeing guys saying cam business is in hustlers university, Pimping hoes degress is trafficking women or lover boy method course.", 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/', '149rfhx', [['u/CrystalLogik', 39, '2023-06-15 05:30', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6p68j/', 'You missed the part where he admitted to lying to the cam girls about how much taxes they were paying, so he could pocket a higher % for himself.', '149rfhx'], ['u/imok96', 12, '2023-06-15 05:40', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6q4hv/', 'this a pretty decent outline but it’s missing links to support everything your saying. All the stuff on here seems kinda true but it’s heavily biased towards Tate. Which is fine but you should definitely disclose that for ethical reasons. \n\nAlso we don’t do that grape shit here.', '149rfhx'], ['u/CrystalLogik', 16, '2023-06-15 05:53', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6rfju/', 'Webcam money he partially stole, and generally earned using underhanded tactics with customers.', '149rfhx'], ['u/tony_simprano', 14, '2023-06-15 06:17', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6tq34/', "I very seriously doubt he was making six figures in kickboxing back in the late 2000s/early 2010s. \n\nHe was never in a top-level professional kickboxing promotion, and literal Third World promotions with live audiences of ~100 people don't pay their fighters First World salaries. \n\nEven journeymen UFC fighters who compete in events seen by millions barely make $100K a year in 2023\n\nhttps://www.youtube.com/watch?v=ch_3G9GUfV8", '149rfhx'], ['u/Mean-Revenue-777', 16, '2023-06-15 06:56', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6xanl/', 'It seems like you may have missed a few important details here. Andrew himself has openly acknowledged his involvement in a questionable advertising business that eventually failed, prior to his webcam venture. The primary objective of that business was to sell ads at a price lower than their initial cost. Furthermore, Andrew asserts that the casinos experienced significant losses during the COVID-19 pandemic. Moreover, there are circulating images that suggest Andrew actively participated in the webcam activities, physically engaging with the main model known as "cobra mfc." According to reports, casinos are known to have connections with notorious mafia figures. Some reports even claim that the owners of the "Las Vegas" casinos have been known to threaten and intimidate customers who win in order to reclaim their money. \n\nEdit: \n\nOne of the primary methods Tates used to earn money through webcams was by engaging in dating scams. They would employ women to pose as girlfriends to vulnerable men and convince them to send money under the pretense of being in a genuine relationship. \n\nThere\'s this individual named "Joe Lampton / Vlad Obu" who seems to be associated with Tates. They claim to be Romanian and offer courses on OnlyFans. These courses supposedly teach men how to recruit women as girlfriends and persuade them to join OnlyFans. The objective is to create fake online relationships and manipulate men into sending money through crypto and Western Union. Another aspect of their advice is encouraging men to request their girlfriends or models to tattoo their name, similar to what Tates have allegedly done with their own partners.', '149rfhx'], ['u/NegotiationOk4956', 11, '2023-06-15 08:14', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo73jn5/', 'I stopped reading in \n\n“He was a legit athlete but was making 6figures grinding 5-6 months in gym for a few fight and the coach and manager would take parts of it.”\n\nMy man you don’t know how funny it is 🤣 he was a washed up reality junkie who went to big brother got kicked out and then pushed himself in any reality or show or scandal in the uk for years 🤣\n\nWhy do you make a some weird talking goofy scam artist the athlete of the century? 🤣🤣', '149rfhx']]], ['u/Zixxer', "I'm withdrawing my pension contributions after 8 years due to a new job, and I'll be able to buy a whole Bitcoin. I'm worried the price is going to pop off before I receive the funds", 19, '2023-06-15 05:48', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/', "I've been DCA'ing for 3 years now, but I'll finally be able to invest a significant amount due to the amount of money I'm receiving from withdrawing my pension funds. With how low these prices are, I'm worried the price is going to pop off before I get the funds to purchase any significant amount. \n\nYes I can dca 25k in over time as well, but I'm craving the ability to buy at these prices. And I unfortunately do not have any other means to quickly obtain that amount of money from other means. \n\nAny ideas?", 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/', '149rw5o', [['u/MJC77diamondhands', 23, '2023-06-15 06:17', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo6trsn/', "Just relax, I was in the same boat about a month ago. I was worried it was going to pop off above 30k. I bought 4 at 26.5 and look at where we are today. Just hold tight, you'll likley see sub 25k and be just fine. I will admit it was relieving to finally get there and not be so obsessive about the charts.", '149rw5o'], ['u/gangbanger1000', 10, '2023-06-15 07:25', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo6zpys/', 'He said.. blow your whole load.. 🤣', '149rw5o'], ['u/charvo', 14, '2023-06-15 08:09', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo736op/', "Btc isn't popping off with all the regulatory overhang from the Biden admin.", '149rw5o'], ['u/bigbowl_of_KIX', 22, '2023-06-15 09:02', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo770ve/', 'You got the FOMO willies', '149rw5o']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 15, 2023', 28, '2023-06-15 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/', '149s45y', [['u/MasterMinerva', 14, '2023-06-15 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo6sji6/', "Any spare Hopium going around, I'm happy to take it, TIA", '149s45y'], ['u/delgrey', 18, '2023-06-15 08:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo73fbd/', 'CTO Tether: "Markets are edgy in these days, so it\'s easy for attackers to capitalize on this general sentiment.\nBut at Tether we\'re ready as always. Let them come.\nWe\'re ready to redeem any amount."\n\nSteady lads.', '149s45y'], ['u/Essexal', 12, '2023-06-15 09:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo791fb/', 'The sadder the sentiment in here is, the faster we go up. Works every time, six out of ten times.\n\nI’ve already seen mentions of 21k…', '149s45y'], ['u/NLNico', 10, '2023-06-15 09:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo79uqu/', 'Arguably forming a bullish div on the hourly. Normally, I would expect market to hit some more stops/liquidations below local bottom though. Guess we wait.\n\nedit: did the stops thing just now, back up we go? Barely liqs though.', '149s45y'], ['u/52576078', 10, '2023-06-15 11:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo7ijdk/', 'Go look at the posts from here in 2019 or 2015. Absolute despair. Bitcoin was dead. This is nothing.', '149s45y'], ['u/PatientlyWaitingfy', 20, '2023-06-15 13:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo7osvu/', 'Good morning! \n\nProfit taken at [24861 of short from 28361](https://www.reddit.com/r/BitcoinMarkets/comments/11vap3d/comment/jcuuvsh/?utm_source=share&utm_medium=web2x&context=3)\n\nTook only 3 months.. worth it', '149s45y'], ['u/RequestApproved', 10, '2023-06-15 15:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo849yn/', "We are now below the 25.5k weekly support. Not great if we close the week below it, but I expect a back test of it even so.\nWe're sitting on the last remaining high timeframe support (~25k on 5 and 6 week timeframe). \nIf we close back above 25.5k that would be a sign of strength. That's my best case scenario in the short term.", '149s45y'], ['u/thewardser', 12, '2023-06-15 15:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo85ruq/', "the 1 hourly is crazy oversold, so might see a relief rally bounce today...but I wouldn't bet on it...the long term charts look like crap\n\n1. 1D - 200MA support line is right below us at $23,700. This is the support line that held in March at $19K that then sent us up to $31K. The difference is that last time we hit that line on the 5th day of red in a row...so the selling was going on for a while. This time, we are only working on our second red daily candle and we are grinding on the bottom bollinger band, hitting it multiple times. \n2. 3D - We are neutral on the MACD, so we have about 3-4 months to go before that hits oversold. We are also grinding on the bottom bollinger band. Our MA100 support is at $22,250.\n3. 1W - we are right on the MA25 support line(at $25K), this is the line that also held last time at $19K(the difference is last time we hit it when we were neutral, and this time we are hitting it when we are slightly overbought). We had one the longest green streaks in Bitcoin history, and are only just starting to paint our 2nd red macd candle...the chances of it being a quick reset are very slim.\n4. 1Mo - we are right on the MA7 support line and MACD recovered to neutral from overbought. This means we have plenty of room to go down to oversold. \n\nSummary: we are testing key support that held us up last time, when that support fails, we are going to new lows. The macro situation is still garbage, inflation is still growing(albeit smaller), which means people are getting fucked, interest rates tend to have lagging effect, but its pretty clear they are already affecting the economy and the AI stock rally has set the stock market for a big drop and its all but guaranteed that BTC will dump right along with them. In other words, everything is being lined up for that sub $10K push", '149s45y'], ['u/BootyPoppinPanda', 13, '2023-06-15 16:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo88ul8/', "I don't find your theory very plausible, but just to entertain the idea of sub $10k, how long do you think it takes to get there, and how long do you expect it to linger there? Halving is less than a year away, so you expect to be in the Goblin Town mayor's sex dungeon at that point? Cycle theory is broken too?\n\nIn my opinion, if we go sub $10k, we could just as easily go sub $5k again. Both seem ridiculous to me, but I've been humbled many times before, so I guess I can't discount it.", '149s45y'], ['u/spinbarkit', 17, '2023-06-15 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo88yx2/', 'allow me to retort, two scenarios:\n\n1. we are in a big downtrend correction since 16,5k$ which brought us to 31k$ which is now off and we will see new lows below 16k$\n\nthat would mean you are right and this would be the most savage bear ever\n\n2. we reached the bottom already and started new uptrend from 16,5k$ which is now @ second correction and major support line which will soon bring us to new highs - above 35k$\n\nmy bet actually, the bull would be on the verge of recovery phase.\n\nForgive me if this is total nonsense but I am at my weakest mental state ever. Maybe we will have some big head here ready with bull case scenario better explained. hope so...', '149s45y'], ['u/dopeboyrico', 10, '2023-06-15 17:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8jh92/', 'This has to be due to shenanigans with Binance, right?\n\nWe just had a pause on rate hikes after more than a year of consistent rate hikes every single FOMC meeting. Inflation is consistently falling down meaningfully from its highs last year which makes Fed’s threat of two more rate hikes later this year questionable. Congress raised the debt ceiling by $4 trillion over the next 2 years, a roughly 13% increase on the previous debt ceiling. BTC is about to have its fourth halving next year resulting in a BTC inflation rate below 1%/year thereafter. Stocks are in a technical bull market and continue trekking higher as TradFi investors are risk-on again.\n\nIf this isn’t the result of Binance shenanigans then I don’t know what’s going on. Whatever, nonstop DCA and HODL into cold storage regardless as the long-term investment thesis hasn’t changed whatsoever.', '149s45y'], ['u/DamonAndTheSea', 18, '2023-06-15 17:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8jytc/', 'S&P 3 month chart looks like an [absolute monstrous recovery](https://www.tradingview.com/x/efwNEuSl/) from last year’s lows. Marked here are all prior large interactions with the 20EMA since the late 70’s.\n\nI’ve listened to so many people over the last 12 months pontificate about a 2008 style recession; but for the last 9 months, the charts keep going the opposite direction. To me this looks like stocks are probably heading to new highs rather than dead cat bouncing to oblivion. \n\nBitcoin is yet to catch up, but if markets stay risk-on I suspect that’ll change soon enough.', '149s45y'], ['u/BootyPoppinPanda', 12, '2023-06-15 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8lfq2/', 'I zoomed out too far and see the trend is up.', '149s45y'], ['u/DamonAndTheSea', 13, '2023-06-15 18:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8nrgf/', 'I shared a chart like this months ago, but I noticed that when [rates go flat, they’re highly correlated with growth periods in traditional markets…](https://www.tradingview.com/x/XpnW2SY9/)\n\nI think this might have to do with markets preferring knowns to unknowns. Flat rates provide a steady ground for growth. The rates being higher vs lower does not seem to have as much on an effect on price as people seem to believe. \n\nIn any case, flat rates for another year may actually lead to continued growth despite the palpable doomerism that’s permeated markets over last several months.', '149s45y'], ['u/_supert_', 12, '2023-06-15 18:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8pirn/', '> likely scenario\n\nwhy though', '149s45y'], ['u/_TROLL', 10, '2023-06-15 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8pqhh/', "> selling bitcoin to defend certain positions\n\nSelling bitcoin to defend BNB, a.k.a. 2023's version of FTT.\n\nShitcoins are the bane of the entire crypto market.", '149s45y'], ['u/Psyteet', 27, '2023-06-15 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8sbcj/', 'I was a regular poster here back in 2018-2021. Interesting seeing a lot of the same names.\n\nAll I want to add is all the doomsday posts never change. But what has changed is BTC has shown that it holds up a lot better in a full market fear stage than what most predicted. \n\nI don’t think you can underestimate enough how much the younger generations are more geared toward digital market investments. Old school investors are dying off and this is the future.\n\nIf I can give a suggestion is take time away from these subs and the emotional manipulation. Invest when it’s low and during times like this and wait a few years. Don’t fight against the long term cycle trends.', '149s45y'], ['u/Motrok', 17, '2023-06-15 18:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8tj9t/', "No. It's just too useful.\n\nIf you lived in a shithole 3rd world country with skyrocketing, chronic inflation like I do, you'd know exactly how useful it is.\n\nIt's insanely useful. As more peaople realize its actual, everyday usecase, more people adopt it.\n\nThat's why governments attack it like they do. It deprives the man in power of the main tool to steal from you.",... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin spurts but then stabilizes. Other cryptos reverse some Wednesday losses. Insights: Hong Kong\'s banks may not yet be ready to help turn the City into a crypto hub. Prices CoinDesk Market Index (CMI) 1,079 +13.0 ▲ 1.2% Bitcoin (BTC) $25,572 +467.2 ▲ 1.9% Ethereum (ETH) $1,665 +15.3 ▲ 0.9% S&P 500 4,425.84 +53.3 ▲ 1.2% Gold $1,971 +15.3 ▲ 0.8% Nikkei 225 33,485.49 −16.9 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,079 +13.0 ▲ 1.2% Bitcoin (BTC) $25,572 +467.2 ▲ 1.9% Ethereum (ETH) $1,665 +15.3 ▲ 0.9% S&P 500 4,425.84 +53.3 ▲ 1.2% Gold $1,971 +15.3 ▲ 0.8% Nikkei 225 33,485.49 −16.9 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Spurts, Then Fizzles Bitcoin and other crypto assets spurted briefly late Thursday after fund management giant BlackRock iShares\' unit filed filed paperwork Thursday afternoon with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin ( BTC ) ETF. But the rally, which regained ground lost the previous day, fizzled out well short of the $26,000 threshold BTC lost nearly a week ago. The largest cryptocurrency was recently trading at $25,556, up nearly 2% over the past 24 hours. Bitcoin swooned late Wednesday amid ongoing worries about U.S. central bank monetary policy overreach and growing U.S. crypto regulatory scrutiny. Read More: BlackRock\'s iShares Files Paperwork for Spot Bitcoin ETF Ether spiked similarly to trade above $1,660, a 0.8% gain from Wednesday same time. Other major cryptos went from the negative territory they\'d occupied for much of Thursday to green with SOL, the token of the Solana smart contracts platform Solana, recently up 1.8%, and SAND and AXS also rising more than a percentage point. MATIC, the native crypto of the Polygon blockchain, was down more than 4%. These assets were among 19 mentioned in U.S. Securities and Exchange (SEC) lawsuits that accused exchanges Binance and Coinbase of violating securities laws. Story continues In an email to CoinDesk, Brian D. Evans, the CEO of Web3 venture studio and advisory firm BDE Ventures, noted the investor angst about the increasingly unfavorable U.S. crypto climate. “I feel like we’re at the beginning of a big shift involving project founders seeking locations to base themselves outside the United States," Evans wrote. "In this sense, the market feels very dislocated. In the United States, they’re left scratching their heads over the intricacies of a regulatory system that hasn’t been updated since the Great Depression." Evans wrote that this failing has sent projects "searching out better-regulated jurisdictions, such as Hong Kong, Dubai and the U.K." Read More: SEC’s Binance, Coinbase Suits Create Uncertain Future for Listed Tokens: Legal Experts He added: "A global reshuffling is taking place that is shaping up to center the next burst of innovation and market exuberance in Asia and the Middle East. In that sense, then, I think the digital asset ecosystem is actually becoming more robust, making the likely fireworks following the next Bitcoin halving all the more surprising to a large number of observers. In short, the bullishness is there, yes, but it’s increasingly being driven by events happening abroad.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +4.5% Entertainment Shiba Inu SHIB +2.6% Currency Cosmos ATOM +1.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −5.3% Smart Contract Platform Polkadot DOT −4.6% Smart Contract Platform Stellar XLM −3.9% Smart Contract Platform Insights Hong Kong as Crypto Hub? The Banks May Not Be Ready Take their money! That’s the message that Hong Kong’s financial regulator is telling some of the City’s banks who refuse to onboard crypto clients . "The HKMA has consistently communicated the importance of banks following the risk-based approach to managing the risks of individual customers," a Hong Kong Monetary Authority spokesperson told CoinDesk earlier. It’s not the first time we’ve heard of crypto companies having trouble banking in Hong Kong. A few months ago, news broke that the Hong Kong branches (which are largely autonomous and operate by local rules) of some of China’s state-owned banks were soliciting crypto business in the City. There was just one problem. While they might talk a big game about being ready to embrace crypto – unthinkable years ago – potential clients found it nearly impossible to get on-board. "The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place, which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk at the time. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.” At one time, Hong Kong had the unfortunate reputation of being a money laundering center for organized crime. HSBC paid out record fines for their behavior. It’s a much more conservative, risk-managing organization as a result. Billions in penalties will do that to a company. Almost understandably, banks don’t want to get involved with crypto. The Securities and Exchange Commission (SEC) and CFTC, which seem to have given themselves a supranational mandate, have accused Binance of co-mingling $12 billion in funds and violating securities laws . The same goes for Coinbase. Banks would really not want these as a client. Binance and Coinbase are the big fish and were attacked first, but who knows what exchange could be next. Even if a bank in Hong Kong doesn’t do business in the U.S., it can still be caught up in the regulatory dragnet – if U.S. authorities go after an exchange that’s otherwise legal in Hong Kong – by virtue of it offering USD products. Of course, one should always remain optimistic, but Hong Kong looks like it has a long way to go before it can be considered a crypto hub. Important events. 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Harmonized Index of Consumer Prices (YoY/May) 7:45 p.m. HKT/SGT(11:45 UTC) United State Fed\'s Waller Speech 10:00 p.m. HKT/SGT(14:00 UTC) Michigan Consumer Sentiment Index (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Drops Below $25K; Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Cryptocurrencies fell sharply, with bitcoin (BTC) dropping below $25,000 after the Federal Reserve policy decision to suspend rate hikes for at least one meeting. Path Trading Partners Chief Market Strategist Bob Iaccino broke down the market reaction. Plus, Ripple Chief Legal Officer Stuart Alderoty on strategy after the release of documents tied to William Hinman. And, the U.S. arm of Bittrex was set to open for customer withdrawals Thursday following a ruling by a Delaware bankruptcy court. Bittrex Chief Legal Officer David Maria discussed the news. Headlines Polygon Labs Rolls Out Open Database for Blockchain Use Cases : Called "The Value Prop," the database hosts as many as 39 use cases and over 300 applications, with numbers expected to increase. Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases : The Latin American country will conduct a pilot to test Ripple\'s technology for its high-value payments system. Crypto Exchange Bybit Integrates ChatGPT Into Trading Tools : Traders will be able to analyze market data with the new AI-based feature called "ToolsGPT." USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop : USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance. Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients, Report : The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin spurts but then stabilizes. Other cryptos reverse some Wednesday losses.\nInsights:Hong Kong\'s banks may not yet be ready to help turn the City into a crypto hub.\nCoinDesk Market Index (CMI)\n1,079\n+13.0▲1.2%\nBitcoin (BTC)\n$25,572\n+467.2▲1.9%\nEthereum (ETH)\n$1,665\n+15.3▲0.9%\nS&P 500\n4,425.84\n+53.3▲1.2%\nGold\n$1,971\n+15.3▲0.8%\nNikkei 225\n33,485.49\n−16.9▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,079", "+13.0\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,572", "+467.2\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,665", "+15.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,425.84", "+53.3\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,971", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,485.49", "\\u221216.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Spurts, Then Fizzles\nBitcoin and other crypto assets spurted briefly late Thursday after fund management giant BlackRock iShares\' unit filed filed paperwork Thursday afternoon with the U.S. Securities and Exchange Commission (SEC)for the formationof a spot bitcoin (BTC) ETF.\nBut the rally, which regained ground lost the previous day, fizzled out well short of the $26,000 threshold BTC lost nearly a week ago. The largest cryptocurrency was recently trading at $25,556, up nearly 2% over the past 24 hours. Bitcoin swooned late Wednesday amid ongoing worries about U.S. central bank monetary policy overreach and growing U.S. crypto regulatory scrutiny.\nRead More:BlackRock\'s iShares Files Paperwork for Spot Bitcoin ETF\nEther spiked similarly to trade above $1,660, a 0.8% gain from Wednesday same time. Other major cryptos went from the negative territory they\'d occupied for much of Thursday to green with SOL, the token of the Solana smart contracts platform Solana, recently up 1.8%, and SAND and AXS also rising more than a percentage point. MATIC, the native crypto of the Polygon blockchain, was down more than 4%. These assets were among 19 mentioned in U.S. Securities and Exchange (SEC) lawsuits that accused exchanges Binance and Coinbase of violating securities laws.\nIn an email to CoinDesk, Brian D. Evans, the CEO of Web3 venture studio and advisory firm BDE Ventures, noted the investor angst about the increasingly unfavorable U.S. crypto climate.\n“I feel like we’re at the beginning of a big shift involving project founders seeking locations to base themselves outside the United States," Evans wrote. "In this sense, the market feels very dislocated. In the United States, they’re left scratching their heads over the intricacies of a regulatory system that hasn’t been updated since the Great Depression."\nEvans wrote that this failing has sent projects "searching out better-regulated jurisdictions, such as Hong Kong, Dubai and the U.K."\nRead More:SEC’s Binance, Coinbase Suits Create Uncertain Future for Listed Tokens: Legal Experts\nHe added: "A global reshuffling is taking place that is shaping up to center the next burst of innovation and market exuberance in Asia and the Middle East. In that sense, then, I think the digital asset ecosystem is actually becoming more robust, making the likely fireworks following the next Bitcoin halving all the more surprising to a large number of observers. In short, the bullishness is there, yes, but it’s increasingly being driven by events happening abroad.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+4.5%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.6%", "DACS Sector": "Currency"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22124.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}]\nHong Kong as Crypto Hub? The Banks May Not Be Ready\nTake their money!\nThat’s the message that Hong Kong’s financial regulator is telling some of the City’s banks whorefuse to onboard crypto clients.\n"The HKMA has consistently communicated the importance of banks following the risk-based approach to managing the risks of individual customers," a Hong Kong Monetary Authority spokesperson told CoinDesk earlier.\nIt’s not the first time we’ve heard of crypto companies having trouble banking in Hong Kong.\nA few months ago, news broke that the Hong Kong branches (which are largely autonomous and operate by local rules) of some of China’s state-owned banks were soliciting crypto business in the City.\nThere was just one problem. While they might talk a big game about being ready to embrace crypto – unthinkable years ago – potential clients found it nearly impossible to get on-board.\n"The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place, which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk at the time. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.”\nAt one time, Hong Kong had the unfortunate reputation of being a money laundering center for organized crime. HSBCpaid out record finesfor their behavior. It’s a much more conservative, risk-managing organization as a result. Billions in penalties will do that to a company.\nAlmost understandably, banks don’t want to get involved with crypto. The Securities and Exchange Commission (SEC) and CFTC, which seem to have given themselves a supranational mandate, have accusedBinance of co-mingling $12 billionin funds andviolating securities laws.The same goes for Coinbase.\nBanks would really not want these as a client.\nBinance and Coinbase are the big fish and were attacked first, but who knows what exchange could be next. Even if a bank in Hong Kong doesn’t do business in the U.S., it can still be caught up in the regulatory dragnet – if U.S. authorities go after an exchange that’s otherwise legal in Hong Kong – by virtue of it offering USD products.\nOf course, one should always remain optimistic, but Hong Kong looks like it has a long way to go before it can be considered a crypto hub.\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Harmonized Index of Consumer Prices (YoY/May)\n7:45 p.m. HKT/SGT(11:45 UTC)United State Fed\'s Waller Speech\n10:00 p.m. HKT/SGT(14:00 UTC)Michigan Consumer Sentiment Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Drops Below $25K; Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals\nCryptocurrencies fell sharply, with bitcoin (BTC) dropping below $25,000 after the Federal Reserve policy decision to suspend rate hikes for at least one meeting. Path Trading Partners Chief Market Strategist Bob Iaccino broke down the market reaction. Plus, Ripple Chief Legal Officer Stuart Alderoty on strategy after the release of documents tied to William Hinman. And, the U.S. arm of Bittrex was set to open for customer withdrawals Thursday following a ruling by a Delaware bankruptcy court. Bittrex Chief Legal Officer David Maria discussed the news.\nPolygon Labs Rolls Out Open Database for Blockchain Use Cases:Called "The Value Prop," the database hosts as many as 39 use cases and over 300 applications, with numbers expected to increase.\nColombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases:The Latin American country will conduct a pilot to test Ripple\'s technology for its high-value payments system.\nCrypto Exchange Bybit Integrates ChatGPT Into Trading Tools:Traders will be able to analyze market data with the new AI-based feature called "ToolsGPT."\nUSDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop:USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.\nHong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients, Report:The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.', "Bitcoin rose in Friday morning trading in Asia, after falling below US$25,000 overnight and overall posting a losing week, a trend mirrored by Ether. The rest of the top 10 non-stablecoin cryptocurrencies were mixed after finding little impetus from the U.S. Fed decision in the week to leave interest rates unchanged. Polygon\x92s Matic token had the biggest decline in the top 10 amid sharp falls in altcoins since the U.S. regulator last week labeled many of them illegally issued financial securities. Bumpy week Bitcoin added 2.05% over the last 24 hours to US$25,573.56 at 6:30 a.m. in Hong Kong, but lost 3.83% in the last seven days, according to CoinMarketCap data . The world\x92s largest cryptocurrency, with a market capitalization of about US$497 billion, slipped to US$24,797.17 at around 8:00 p.m. on Thursday, the lowest since March 16. Ether traded little changed at US$1,665.73, up a slight 0.78%, but posting a weekly loss of 10.06%. Solana led gains among the top 10 tokens by market capitalization, rising 3% to US$14.88, but still down 21.58% for the past seven days. The Solana community on Twitter is throwing around the idea of a hard fork to avoid further scrutiny from U.S. regulators, but such an idea is not being discussed among Solana developers, according to Decrypt . Polygon\x92s Matic was the biggest loser out of the top 10, dropping 4.06% to US$0.5952 to bring the week\x92s loss to 24.06%. Most of the top 10 have been on a roller-coaster ride since the U.S. Securities and Exchange Commission\x92s (SEC) filed lawsuits against crypto exchanges Binance.US and Coinbase in the week of June 5. The SEC also named dozens of altcoins as financial securities, including Solana, Cardano, Polygon and BNB. Those four tokens combined had a market capitalization of US$57.5 billion as of Friday morning in Asia, which is a sharp 26.5% slump from the US$78.27 billion prior to the SEC\x92s lawsuits. \x93Many notable altcoins, such as Matic, were listed as securities in recent SEC lawsuits, so venture capital firms have been selling their altcoin holdings to capture the little liquidity left and lessen the blow to their portfolios,\x94 said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Lab, in a Telegram message to Forkast. Story continues \x93Institutions are managing portfolio risk and preparing for a continued downtrend amid less market liquidity and tighter regulations,\x94 he said. In related moves, U.S.-based trading platform Robinhood delisted Cardano, Polygon and Solana, while the eToro platform halted user purchases of Polygon, Decentraland, Algorand and Dash \x97 which were all named in the SEC\x92s legal filings. The crypto market seemed to find little relief in the move this week by the Federal Reserve to pause interest rate increases. \x93This pause, or skip seems to be a more tactical move, but the fight against inflation is not over yet,\x94 said Michiel Janssen, trader and analyst at crypto hedge fund AltTab Capital, in an email statement shared with Forkast . \x93For crypto this means in the short term that there is less money flowing into the crypto markets. In the longer run, higher inflation and further problems in the banking sector can be a positive for crypto.\x94 The total cryptocurrency market cap increased 1.21% to US$1.04 trillion in the last 24 hours, while crypto trading volume fell 18.55% to US$37.82 billion, according to CoinMarketCap data. \x93Grails\x94 sales hit US$17 million The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.39% to 2,884.87 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.46% for the week. Total NFT transactions fell 25.96% to US$18.58 million. Transaction on Ethereum, the leading NFT blockchain, dropped 10.50% to US$13.2 million. Transactions on the Bitcoin network, the second largest NFT blockchain, plunged 72.91% to US$1.12 million. On Thursday, global auction house Sotheby\x92s finished its second round of sales of NFTs from the \x93Grails\x94 collection. \x93Grails\x94 consists of non-fungible token (NFT) artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital. Singapore-based Three Arrows Capital, a crypto hedge fund that once managed as much as US$10 billion, filed for Chapter 15 bankruptcy in July 2022, which protects assets of insolvent foreign debtors from U.S. creditors. In February this year, Three Arrows Capital\x92s U.S.-based liquidator Teneo said that it plans to sell NFTs owned by the company with an estimated value of US$22 million at the time of the bankruptcy filing. The second auction brought in nearly US$11 million in sales, including Dmitri Cherniak\x92s \x93The Goose\x94 or Ringers #879, which was sold for US$6.2 million alone. The collection has raised a running total of US$17 million in Sotheby\x92s sales. #AuctionUpdate : Fidenza #479 by @tylerxhobbs has just sold for $622,300, more than 5X the estimate. #SothebysGRAILS https://t.co/rBghQ4EJsQ pic.twitter.com/8lMtiudJzf \x97 Sotheby's Metaverse (@Sothebysverse) June 15, 2023 \x93While the NFT community is excited by today\x92s major art sales from the Sotheby\x92s auction, that isn\x92t money that will flow back into NFTs,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93These were seized NFTs from 3AC and that money will go to recouping losses.\x94 In other transactions, the NFT staple Bored Ape Yacht Club topped sales by collection, selling US$1.11 million in the last 24 hours. Mythos chain-powered DMarket game NFTs came second with US$899,694 in sales, with over 51,000 transactions in the past day. U.S. stock futures drop after Thursday rally Image: Envato Elements U.S. stock futures fell as of 10:00 a.m. in Hong Kong after rallying during the regular trading day on Thursday. Dow Jones Industrial Average futures fell 0.15%, S&P 500 futures edged 0.21% lower and Nasdaq Futures lost 0.33%. The Dow rose 1.26% on Thursday, S&P gained 1.22% and the Nasdaq Composite added 1.15% as optimism grew that the Federal Reserve\x92s interest rate hikes are near the peak, according to Trading Economics . The U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year. The central bank warned of two more rate hikes by the end of 2023. The European Central Bank raised its interest rates for the eighth consecutive time on Thursday, adding 25 basis points. The next Federal Open Market Committee meeting is scheduled for July 25 to 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will leave rates as is at July\x92s meeting, while 71.9% says the Fed will raise by 25 basis points. (Updates with equities section.)", 'Bitcoin rose in Friday morning trading in Asia, after falling below US$25,000 overnight and overall posting a losing week, a trend mirrored by Ether. The rest of the top 10 non-stablecoin cryptocurrencies were mixed after finding little impetus from the U.S. Fed decision in the week to leave interest rates unchanged. Polygon’s Matic token had the biggest decline in the top 10 amid sharp falls in altcoins since the U.S. regulator last week labeled many of them illegally issued financial securities.\nBitcoin added 2.05% over the last 24 hours to US$25,573.56 at 6:30 a.m. in Hong Kong, but lost 3.83% in the last seven days, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$497 billion, slipped to US$24,797.17 at around 8:00 p.m. on Thursday, the lowest since March 16.\nEther traded little changed at US$1,665.73, up a slight 0.78%, but posting a weekly loss of 10.06%.\nSolana led gains among the top 10 tokens by market capitalization, rising 3% to US$14.88, but still down 21.58% for the past seven days. The Solana community on Twitter is throwing around the idea of a hard fork to avoid further scrutiny from U.S. regulators, but such an idea is not being discussed among Solana developers, according toDecrypt.\nPolygon’s Matic was the biggest loser out of the top 10, dropping 4.06% to US$0.5952 to bring the week’s loss to 24.06%.\nMost of the top 10 have been on a roller-coaster ride since the U.S. Securities and Exchange Commission’s (SEC) filed lawsuits against crypto exchanges Binance.US and Coinbase in the week of June 5. The SEC also named dozens of altcoins as financial securities, including Solana, Cardano, Polygon and BNB.\nThose four tokens combined had a market capitalization of US$57.5 billion as of Friday morning in Asia, which is a sharp 26.5% slump from the US$78.27 billion prior to the SEC’s lawsuits.\n“Many notable altcoins, such as Matic, were listed as securities in recent SEC lawsuits, so venture capital firms have been selling their altcoin holdings to capture the little liquidity left and lessen the blow to their portfolios,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Lab, in a Telegram message to Forkast.\n“Institutions are managing portfolio risk and preparing for a continued downtrend amid less market liquidity and tighter regulations,” he said.\nIn related moves, U.S.-based trading platform Robinhood delisted Cardano, Polygon and Solana, while the eToro platform halted user purchases of Polygon, Decentraland, Algorand and Dash — which were all named in the SEC’s legal filings.\nThe crypto market seemed to find little relief in the move this week by the Federal Reserve to pause interest rate increases.\n“This pause, or skip seems to be a more tactical move, but the fight against inflation is not over yet,” said Michiel Janssen, trader and analyst at crypto hedge fund AltTab Capital, in an email statement shared withForkast.\n“For crypto this means in the short term that there is less money flowing into the crypto markets. In the longer run, higher inflation and further problems in the banking sector can be a positive for crypto.”\nThe total cryptocurrency market cap increased 1.21% to US$1.04 trillion in the last 24 hours, while crypto trading volume fell 18.55% to US$37.82 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.39% to 2,884.87 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.46% for the week.\nTotal NFT transactions fell 25.96% to US$18.58 million. Transaction on Ethereum, the leading NFT blockchain, dropped 10.50% to US$13.2 million.\nTransactions on the Bitcoin network, the second largest NFT blockchain, plunged 72.91% to US$1.12 million.\nOn Thursday, global auction house Sotheby’s finished its second round of sales of NFTs from the “Grails” collection. “Grails” consists of non-fungible token (NFT) artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nSingapore-based Three Arrows Capital, a crypto hedge fund that once managed as much as US$10 billion, filed forChapter 15bankruptcy in July 2022, which protects assets of insolvent foreign debtors from U.S. creditors.\nIn February this year, Three Arrows Capital’s U.S.-based liquidatorTeneosaid that it plans to sell NFTs owned by the company with an estimated value of US$22 million at the time of the bankruptcy filing.\nThe second auction brought in nearly US$11 million in sales, including Dmitri Cherniak’s “The Goose” or Ringers #879, which was sold for US$6.2 million alone. The collection has raised a running total of US$17 million in Sotheby’s sales.\n“While the NFT community is excited by today’s major art sales from the Sotheby’s auction, that isn’t money that will flow back into NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “These were seized NFTs from 3AC and that money will go to recouping losses.”\nIn other transactions, the NFT staple Bored Ape Yacht Club topped sales by collection, selling US$1.11 million in the last 24 hours.\nMythos chain-powered DMarket game NFTs came second with US$899,694 in sales, with over 51,000 transactions in the past day.\nU.S. stock futures fell as of 10:00 a.m. in Hong Kong after rallying during the regular trading day on Thursday. Dow Jones Industrial Average futures fell 0.15%, S&P 500 futures edged 0.21% lower and Nasdaq Futures lost 0.33%.\nThe Dow rose 1.26% on Thursday, S&P gained 1.22% and the Nasdaq Composite added 1.15% as optimism grew that the Federal Reserve’s interest rate hikes are near the peak, according toTrading Economics.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year. The central bank warned of two more rate hikes by the end of 2023.\nThe European Central Bank raised its interest rates for the eighth consecutive time on Thursday, adding 25 basis points.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 28.1% chance the Fed will leave rates as is at July’s meeting, while 71.9% says the Fed will raise by 25 basis points.\n(Updates with equities section.)', 'Bitcoin rose in Friday morning trading in Asia, after falling below US$25,000 overnight and overall posting a losing week, a trend mirrored by Ether. The rest of the top 10 non-stablecoin cryptocurrencies were mixed after finding little impetus from the U.S. Fed decision in the week to leave interest rates unchanged. Polygon’s Matic token had the biggest decline in the top 10 amid sharp falls in altcoins since the U.S. regulator last week labeled many of them illegally issued financial securities.\nBitcoin added 2.05% over the last 24 hours to US$25,573.56 at 6:30 a.m. in Hong Kong, but lost 3.83% in the last seven days, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$497 billion, slipped to US$24,797.17 at around 8:00 p.m. on Thursday, the lowest since March 16.\nEther traded little changed at US$1,665.73, up a slight 0.78%, but posting a weekly loss of 10.06%.\nSolana led gains among the top 10 tokens by market capitalization, rising 3% to US$14.88, but still down 21.58% for the past seven days. The Solana community on Twitter is throwing around the idea of a hard fork to avoid further scrutiny from U.S. regulators, but such an idea is not being discussed among Solana developers, according toDecrypt.\nPolygon’s Matic was the biggest loser out of the top 10, dropping 4.06% to US$0.5952 to bring the week’s loss to 24.06%.\nMost of the top 10 have been on a roller-coaster ride since the U.S. Securities and Exchange Commission’s (SEC) filed lawsuits against crypto exchanges Binance.US and Coinbase in the week of June 5. The SEC also named dozens of altcoins as financial securities, including Solana, Cardano, Polygon and BNB.\nThose four tokens combined had a market capitalization of US$57.5 billion as of Friday morning in Asia, which is a sharp 26.5% slump from the US$78.27 billion prior to the SEC’s lawsuits.\n“Many notable altcoins, such as Matic, were listed as securities in recent SEC lawsuits, so venture capital firms have been selling their altcoin holdings to capture the little liquidity left and lessen the blow to their portfolios,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Lab, in a Telegram message to Forkast.\n“Institutions are managing portfolio risk and preparing for a continued downtrend amid less market liquidity and tighter regulations,” he said.\nIn related moves, U.S.-based trading platform Robinhood delisted Cardano, Polygon and Solana, while the eToro platform halted user purchases of Polygon, Decentraland, Algorand and Dash — which were all named in the SEC’s legal filings.\nThe crypto market seemed to find little relief in the move this week by the Federal Reserve to pause interest rate increases.\n“This pause, or skip seems to be a more tactical move, but the fight against inflation is not over yet,” said Michiel Janssen, trader and analyst at crypto hedge fund AltTab Capital, in an email statement shared withForkast.\n“For crypto this means in the short term that there is less money flowing into the crypto markets. In the longer run, higher inflation and further problems in the banking sector can be a positive for crypto.”\nThe total cryptocurrency market cap increased 1.21% to US$1.04 trillion in the last 24 hours, while crypto trading volume fell 18.55% to US$37.82 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.39% to 2,884.87 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.46% for the week.\nTotal NFT transactions fell 25.96% to US$18.58 million. Transaction on Ethereum, the leading NFT blockchain, dropped 10.50% to US$13.2 million.\nTransactions on the Bitcoin network, the second largest NFT blockchain, plunged 72.91% to US$1.12 million.\nOn Thursday, global auction house Sotheby’s finished its second round of sales of NFTs from the “Grails” collection. “Grails” consists of non-fungible token (NFT) artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nSingapore-based Three Arrows Capital, a crypto hedge fund that once managed as much as US$10 billion, filed forChapter 15bankruptcy in July 2022, which protects assets of insolvent foreign debtors from U.S. creditors.\nIn February this year, Three Arrows Capital’s U.S.-based liquidatorTeneosaid that it plans to sell NFTs owned by the company with an estimated value of US$22 million at the time of the bankruptcy filing.\nThe second auction brought in nearly US$11 million in sales, including Dmitri Cherniak’s “The Goose” or Ringers #879, which was sold for US$6.2 million alone. The collection has raised a running total of US$17 million in Sotheby’s sales.\n“While the NFT community is excited by today’s major art sales from the Sotheby’s auction, that isn’t money that will flow back into NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “These were seized NFTs from 3AC and that money will go to recouping losses.”\nIn other transactions, the NFT staple Bored Ape Yacht Club topped sales by collection, selling US$1.11 million in the last 24 hours.\nMythos chain-powered DMarket game NFTs came second with US$899,694 in sales, with over 51,000 transactions in the past day.\nU.S. stock futures fell as of 10:00 a.m. in Hong Kong after rallying during the regular trading day on Thursday. Dow Jones Industrial Average futures fell 0.15%, S&P 500 futures edged 0.21% lower and Nasdaq Futures lost 0.33%.\nThe Dow rose 1.26% on Thursday, S&P gained 1.22% and the Nasdaq Composite added 1.15% as optimism grew that the Federal Reserve’s interest rate hikes are near the peak, according toTrading Economics.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year. The central bank warned of two more rate hikes by the end of 2023.\nThe European Central Bank raised its interest rates for the eighth consecutive time on Thursday, adding 25 basis points.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 28.1% chance the Fed will leave rates as is at July’s meeting, while 71.9% says the Fed will raise by 25 basis points.\n(Updates with equities section.)', 'Undervalued penny stocks to buy stand out as potential goldmines, ready to offer robust returns for audacious investors. Despite macroeconomic headwinds, the S&P 500 has shown resilience, trending higher by 13.8% year-to-date. Amid the market’s ups and downs, numerous growth and penny stocks have delivered relatively strong returns. Now, as\xa0we enter the second half of the year, it’s time to delve into the best penny stocks for June. These are the potential hidden gems brimming with long-term potential. From cheap penny stocks to those with the potential for high returns, these securities could easily double in the next 12 months. EVgo Inc. ( EVGO ) EVgo fast charging station Source: Sundry Photography / Shutterstock.com EV charging operator EVgo Inc. (NASDAQ: EVGO ) recently saw its stock price tumble by double-digits following an announcement to offer $125 million of new stock shares.\xa0Despite this stumble, the company’s performance paints an optimistic picture. With a whopping 229% surge in sales year-over-year in the first quarter , In addition, EVgo is making meaningful strides, even as EBITDA losses cast a shadow on the stock price. Moreover, the company’s charging infrastructure is expanding.\xa0Beyond the numbers, EVgo is set to receive a $6.6 million subsidy from California , which will facilitate the deployment of chargers across the state. This, coupled with a bright revenue growth forecast for the year, signals a bright outlook for EVgo as we advance. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Diana Shipping ( DSX ) a cargo ship in the middle of the ocean representing TOPS stock Source: VladSV / Shutterstock.com Diana Shipping (NYSE: DSX ) is sailing ahead as a strong contender in the bustling sea of penny stocks. At the moment, it trades 42% lower than its 52-week high price. In addition, it offers a lucrative dividend yield of over 22.5%. Also, DSX’s core business, providing shipping transportation services through its fleet of dry bulk carriers, is thriving. As of the first quarter, it reported a near-full utilization of 99.4% across 42 vessels. The firm’s first quarter showcased a 7.2% year-over-year revenue increase, reaching $72.6 million. Coupled with an attractive time charter equivalent rate of $18,503 against a daily vessel operating expense of $5,396, DSX has been cruising towards healthy operating cash flows.\xa0Moreover, the company has consistently reduced its liabilities, a trend set to boost its credit metrics and propel DSX stock even higher. Cronos ( CRON ) Cannabis leaf on dollar bill. Cannabis Stocks Source: Shutterstock In the budding landscape of cannabis penny stocks, Cronos (NASDAQ: CRON ) is arguably one of the most compelling picks. With a cash war chest amounting to a whopping $836 million, a forthcoming committee vote on a marijuana bill could catalyze a positive uptick in CRON’s stock value, making it an enticing long-term prospect. Story continues Cronos recently announced its departure from U.S. hemp-derived CBD operations to trim costs while maintaining financial agility effectively. This positions the company to re-enter the U.S. market when regulatory conditions are favorable. Additionally, Cronos is looking to achieve positive cash flows by 2024 , and the promise of evidence-backed medicinal cannabis in the upcoming years adds another layer to Cronos’ potential growth and long-term growth story. With its well-rounded portfolio covering recreational cannabis in Canada and wellness products in Israel, the firm covers all its bases. Bitfarms ( BITF ) Concept art of crypto mining with little figuring and a Bitcoin token. Source: Shutterstock Bitfarms (NASDAQ: BITF ) shines as a potent contender in the crypto-verse, potentially multiplying five or tenfold if Bitcoin ascends to unprecedented highs. In May, the company bolstered its mining capacity by a significant 47% year-over-year to 5 exahash per second (EH/s), with plans to further expand to 6 EH/s by the third quarter. When paired with a Bitcoin rally, this capacity growth heralds a robust prospect of top and bottom-line growth alone with impressive free cash flows for this low-cost Bitcoin miner. Additionally, Bitfarms’ financial health is robust, with a reported liquidity buffer of $41 million as of the first quarter, having reduced its debt load by $140 million over the past 10 months. With its cost-effective mining operations and robust balance sheet, Bitfarms stands ready to make aggressive growth investments. If Bitcoin continues its upward trajectory, expect Bitfarms to respond with an assertive capacity expansion in 2024. Kinross Gold ( KGC ) Mining cart in a silver, copper, and gold mine representing VOXR Stock. Source: TTstudio / Shutterstock Kinross Gold (NYSE: KGC ) is one of the top, most undervalued gold mining plays, exiting the first quarter with a robust liquidity buffer of $1.7 billion and an operating cash flow of $259 million. This monetary muscle gives Kinross the ability to pursue aggressive long-term growth strategies. Moreover, with it trading at an enticing forward price-to-sales ratio of 1.48, KGC also offers a dividend yield of 2.47% , adding another feather to its golden cap. Furthermore, Kinross made the strategic decision last year to offload its Russian assets. The company will likely make acquisitions to bolster its reserves and production profile. Their current asset base guarantees steady production through 2025. Under the golden assumption of gold at $2,500 an ounce, Kinross is positioned to generate annual operating cash flows exceeding $1.5 billion. This hefty cash flow will pave the way for potential dividend growth. Li-Cycle Holdings ( LICY ) Lithium element on the periodic table. Undervalued Lithium Stocks Source: tunasalmon / Shutterstock Li-Cycle Holdings (NYSE: LICY )\xa0is an emerging player in the realm of lithium-ion battery resource recovery, which stands out with its unique offering and early-mover advantage in a sector brimming with long-term growth potential. The growing global market for EVs heralds an increase in battery materials feedstock, which is where Li-Cycle’s patented process comes into play. Li-Cycle boasts the technology to extract essential materials like cobalt, manganese, nickel, and copper from used batteries. This ingenious process fosters cost savings and reduces reliance on mining companies. With strategic locations, industry partnerships, and a more than $400 million cash reserve, Li-Cycle can see off the construction of its Rochester Hub facility for battery recycling. The addressable market for feedstock is massive, and market analyst BlueWeave expects the global lithium-ion battery recycling market size to grow at a robust\xa0growth rate of 14.2% , reaching a whopping $32.41 billion by 2029. Lumen Technologies ( LUMN ) A digital illustration of the telecom industry. Source: Shutterstock Embarking on a transformative journey, telecom operator Lumen Technologies (NYSE: LUMN ) is pivoting from its traditional landline services to the high-speed arena of fiber optics. Steered by a new CEO and a dedicated management team in 2023, this transition aims to offer superior connectivity through amplified fiber optics capabilities and investments in innovative architectures. Lumen has laid out an ambitious turnaround plan. It anticipates headwinds in sales and earnings until 2024 but is optimistic about growth from 2025 through 2027. The company intends to invest heavily over the next few years, expecting a surge in free cash flow to $300 to $500 million by 2027 . With Tipranks analysts projecting an impressive 328.64% upside to its current price, analysts are buying into its promising transformation story. Penny Stocks On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks. Read More:\xa0Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Very Undervalued Penny Stocks to Buy in June 2023 appeared first on InvestorPlace . View comments', 'Undervaluedpenny stocksto buy stand out as potential goldmines, ready to offer robust returns for audacious investors. Despite macroeconomic headwinds, the S&P 500 has shown resilience, trending higher by 13.8% year-to-date. Amid the market’s ups and downs, numerous growth and penny stocks have delivered relatively strong returns. Now, as\xa0we enter the second half of the year, it’s time to delve into the best penny stocks for June. These are the potential hidden gems brimming with long-term potential. From cheap penny stocks to those with the potential for high returns, these securities could easily double in the next 12 months.\nSource: Sundry Photography / Shutterstock.com\nEV charging operatorEVgo Inc.(NASDAQ:EVGO) recently saw its stock price tumble by double-digits following an announcement to offer $125 million of new stock shares.\xa0Despite this stumble, the company’s performance paints an optimistic picture.With a whopping 229% surge in sales year-over-year in the first quarter, In addition, EVgo is making meaningful strides, even as EBITDA losses cast a shadow on the stock price. Moreover, the company’s charging infrastructure is expanding.\xa0Beyond the numbers,EVgo is set to receive a $6.6 million subsidy from California, which will facilitate the deployment of chargers across the state. This, coupled with a bright revenue growth forecast for the year, signals a bright outlook for EVgo as we advance.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: VladSV / Shutterstock.com\nDiana Shipping(NYSE:DSX) is sailing ahead as a strong contender in the bustling sea of penny stocks. At the moment, it trades 42% lower than its 52-week high price. In addition, it offers a lucrative dividend yield of over 22.5%. Also, DSX’s core business, providing shipping transportation services through its fleet of dry bulk carriers, is thriving. As of the first quarter,it reported a near-full utilization of 99.4%across 42 vessels.\nThe firm’s first quarter showcased a 7.2% year-over-year revenue increase, reaching $72.6 million. Coupled with an attractive time charter equivalent rate of $18,503 against a daily vessel operating expense of $5,396, DSX has been cruising towards healthy operating cash flows.\xa0Moreover, the company has consistently reduced its liabilities, a trend set to boost its credit metrics and propel DSX stock even higher.\nSource: Shutterstock\nIn the budding landscape of cannabis penny stocks,Cronos(NASDAQ:CRON) is arguably one of the most compelling picks. With a cash war chest amounting to a whopping $836 million, a forthcoming committee vote on a marijuana bill could catalyze a positive uptick in CRON’s stock value, making it an enticing long-term prospect.\nCronos recently announced its departure from U.S. hemp-derived CBD operations to trim costs while maintaining financial agility effectively. This positions the company to re-enter the U.S. market when regulatory conditions are favorable. Additionally,Cronos is looking to achieve positive cash flows by 2024, and the promise of evidence-backed medicinal cannabis in the upcoming years adds another layer to Cronos’ potential growth and long-term growth story. With its well-rounded portfolio covering recreational cannabis in Canada and wellness products in Israel, the firm covers all its bases.\nSource: Shutterstock\nBitfarms(NASDAQ:BITF) shines as a potent contender in the crypto-verse, potentially multiplying five or tenfold if Bitcoin ascends to unprecedented highs. In May, the company bolstered itsmining capacity by a significant 47% year-ov Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $494,397,676,500 - Hash Rate: 398160232.4659646 - Transaction Count: 512202.0 - Unique Addresses: 765014.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Dubai, United Arab Emirates--(Newsfile Corp. - April 21, 2023) - LYOPAY, the company behind a range of crypto-friendly products, has unveiled its latest innovation -LYOPAY Pro. This revolutionary payment app allows users to easily transact with cryptocurrencies and fiat money in over 150 countries around the world. LYOPAYTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8902/163210_802b7e31b44c396e_001full.jpg The key aim of LYOPAY Pro is to empower individuals and businesses with greater financial freedom and global economic opportunities, regardless of their geographic location. LYOPAY Pro is built to provide users with a seamless payment experience that blends the traditional fiat currency system with the cutting-edge world of digital currency. This payment app opens the possibility of using cryptocurrencies and fiat currencies to a global audience. Mission LYOPAY Pro's mission is to promote the adoption of cryptocurrencies through the buying, selling, and transfer of digital currencies, giving people access to using crypto in their everyday lives. The app is equipped with a range of exclusive features, including digital payment services that are available 24/7. Thus the app also maintains a high level of transparency with its users, providing detailed information on all the fees and charges associated with its services. LYOPAY Pro allows for multi-fiat and multi-crypto transactions, and users can access sixIBAN accounts,each with unlimited balances. LYOPAY Pro also includes acrypto walletthat enables users to quickly and easily transfer funds between wallets and sell their crypto for traditional currencies. Services LYOPAY Pro supports different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tether, BAT, Paxos, USD Coin, and EOS. LYOPAY Pro is not only a payment app, but also a platform that offers various services to its users. The app also includes a range of travel and concierge services too; personalized travel experiences, access to exclusive events, and VIP airport services are some of the features LYOPAY provides. LYOPAY Pro also offers rewards and discounts when users make purchases using the app. LYOPAY Pro offers brandedphysical and virtual cards, including Explorer, Titan, Signature, and Excellence tier options. The Excellence card, the top-level option, is a solid gold card, delivered in an Italian handmade wooden box. Users can purchase unlimited virtual cards and top them up via Google Pay, Samsung Pay, and LYOPAY Pro fiat wallets. LYOPAY Pro allows easy money transfer and exchange with SEPA and SWIFT transfers and is compatible with USD, EUR, GBP, CNY, JPY, and PHP currencies. Explore LYOPAY Pro For more information about LYOPAY Pro, visithttps://lyopay.pro/. The app will soon be available on Apple Pay and Google Play. With LYOPAY Pro, individuals and businesses can become a part of the global economy and take advantage of new opportunities in the digital age.Media Contact: Contact Name: Nahid El OtmaniEmail:[email protected] To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/163210... - Reddit Posts (Sample): [['u/IHaventEvenGotADog', 'Moon Metrics (Moontrics) - Round 40', 37, '2023-06-16 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14afbzr/moon_metrics_moontrics_round_40/', "I love spreadsheets, graphs, data and crypto. So I've collected all the data posted in the Moon distribution .CSV files, made some sense of it all in a spreadsheet, then made us some graphs.\n\n# Total Karma\n\nhttps://preview.redd.it/k75bigez996b1.png?width=1413&format=png&auto=webp&v=enabled&s=13ee0e16a78f3f857ea571fdd60a867cda13c407\n\nThe Sum of all the karma per round\n\nA 13% decrease since the last round. I've added the average BTC price for the 28 day Moon round to this graph as the total karma has seemed to move up and down in line with its price. I've done other analysis posts that show we get activity spikes when BTC fluctuates, with the most happening during dips as it seems that misery likes company.\n\nThe spike at round 33 was probably from all the FTX bullshit and the 700 news link posts about it every hour.\n\n# The ratio of Moons to karma\n\nhttps://preview.redd.it/lo458ap1a96b1.png?width=1413&format=png&auto=webp&v=enabled&s=f122d2af49255045f259082828f52e812ee0c10d\n\nThe all important Moon to karma ratio. Multiply this number by your karma score to determine how many Moons you receive for each round. (Round 12 - 0.88 [Never Forget](https://www.reddit.com/r/CryptoCurrency/comments/mvzv9v/anyone_remember_that_time_last_week_when_the_moon/))\n\nRound 36 spike was caused by the reintroduction of a shitload of burned Moons from the testnet bridge closing\n\nThe ratio will naturally decline over time as the Moons released per round reduce by 2.5%.\n\nWith 2 days of a closed subreddit and 3rd party apps getting fucked over a week before the end of round 41, then there's a very good chance we get a ratio over 1.0 next round.\n\n# Number of users on .CSV\n\nhttps://preview.redd.it/cpspanw9a96b1.png?width=1422&format=png&auto=webp&v=enabled&s=b779a29d544600efa2a5969d3c5ce6cf239f62b4\n\nThis shows the number of users who earned karma for each round. The lower orange line is users with an active vault at the time the .CSV was published.\n\nThe number of users with vaults at the time of publishing the data overall averages around 60%. This doesn't indicate that only 60% of the users claim their Moons though as you have 6 months from the distribution to open your vault and claim them.\n\n# % of users with a vault\n\nhttps://preview.redd.it/mmqsv3gba96b1.png?width=1396&format=png&auto=webp&v=enabled&s=84401057e0edbdfb3185f15d6a26392f5124b6e7\n\nThe spike from round 28 to 29 was caused by the implementation of CCIP 031 which removed vaultless users with less than 10 karma from the .csv\n\n# Average Moons per user & Median Moons per user\n\nhttps://preview.redd.it/61xh1ctda96b1.png?width=914&format=png&auto=webp&v=enabled&s=4987217556b82ae7256a00266ceb872315e7c574\n\nhttps://preview.redd.it/se6xhh4ea96b1.png?width=914&format=png&auto=webp&v=enabled&s=ff07b96fc3d233aef729b0a3fa5625a7479730ee\n\nThe increase in average and median from round 28 to 29 was also caused by the implementation of CCIP 031.\n\nThe average Moons earnt per user takes into account a lot of factors: number of users, Moon to karma ratio and the reduction in Moons being released per round.\n\n# Moons Market Cap Rank\n\nhttps://preview.redd.it/op6tljeja96b1.png?width=1993&format=png&auto=webp&v=enabled&s=c1015fdd3970868ae0e9c2dd09a004f44b6bec52\n\nThe recent drop was from a non vault address selling [445k Moons in one transaction on Sushiswap](https://nova.arbiscan.io/tx/0x101b8d99c7c220e5c00446e7797a76524d9b65fda8a0919cb6910d1c7fb2a403). They prolly lost like 30% to slippage. ^(REKT)\n\n# Enough graphs, show me the spreadsheet\n\nhttps://preview.redd.it/dzymx5t7b96b1.png?width=1097&format=png&auto=webp&v=enabled&s=8597e9a9a01d6b9fcbefbf1ac2ac6e7b30e35393\n\nhttps://preview.redd.it/nqzhujoab96b1.png?width=1096&format=png&auto=webp&v=enabled&s=a793177e99c37fb9f0118afbcfb271d3eff268d2\n\n(The dates are a day ahead than most of you as I live in the future in UTC+13)\n\nI asked the admins to check what dafuq was up with not many Moons being reintroduced. Then I figured out it was probably because the address that burns on behalf of membership buyers paying in $$ ran out of Moons. Apparently they have an alert on the address which failed. So they topped it up with 500k Moons. That will last like 6 months max lol.\n\nPrevious rounds are here:\n\n[I've been posting these since Round 14 - You can find them here if you're bothered.](https://www.reddit.com/r/CryptoCurrency/search/?q=%22moon%20metrics%22%20author%3AIHaventEvenGotADog&restrict_sr=1&sr_nsfw=&sort=new)\n\nTL;DR Karma goes down, ratio goes up, 1 Moon = 1 Moon, I fucking love spreadsheets.", 'https://www.reddit.com/r/CryptoCurrency/comments/14afbzr/moon_metrics_moontrics_round_40/', '14afbzr', [['u/Tasigur1', 15, '2023-06-16 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14afbzr/moon_metrics_moontrics_round_40/joa6xzl/', 'I call it right now, next month the ratio will be between 0.92 and 1.02 💪', '14afbzr']]], ['u/crua9', "So I found out I've been shadow ban from Ledger. I think it is because I spoke common sense", 10, '2023-06-16 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14ag0oe/so_i_found_out_ive_been_shadow_ban_from_ledger_i/', 'So I had a feeling I\'ve been shadow ban after the huff from when they got caught actually preventing post from showing. (The reason why I follow it still is because I\'m still transferring stuff and likely will be until the start of next month. I want to keep an eye out for anymore crap where I need to rush moving things)\n\n\n\nAnyways, I seen a post where someone was trying to use swaps to switch their stETH to ETH, and I said\n\nhttps://preview.redd.it/6lk4246oe96b1.png?width=636&format=png&auto=webp&v=enabled&s=a0af60a2bf1a87ed052ce75de0c58e3a38c734cd\n\nSwitching to a private window shows\n\nhttps://preview.redd.it/vu1lw8dre96b1.png?width=469&format=png&auto=webp&v=enabled&s=bf714fb06242defece8c86bb65d24758f2d5e7b8\n\n\n\nIf I had to guess, the reason why I was shadow ban is because\n\n[https://np.reddit.com/r/CryptoCurrency/comments/146alh7/it\\_looks\\_like\\_ledger\\_is\\_deleting\\_post\\_asking\\_for/](https://np.reddit.com/r/CryptoCurrency/comments/146alh7/it_looks_like_ledger_is_deleting_post_asking_for/)\n\nOr I told the co-founder u/btchip this when he tried to defend him not open sourcing the firmware yet and how Ledger is more "trusted" than others.\n\n\\_\\_\\_\\_\\_\\_\\_\n\nHere is where the problem really comes in today.\n\n\n\n1. Without the code open source it is a true trust me bro. What many are worried about is that tool which could allow for the private keys to leave their device, that is in the firmware. And there is no way to just not have that other than never update the firmware. Having it open source will allow us to quickly confirm opt in or not, if the code which allows for it is there or not. Or if the tools are added after you opt in.\n2. We still don\'t honestly know how your recovery system works during the opt in part. Like we are told 1 second it is an opt in, you need to sign a smart contract, etc. BUT the next second we are told you can\'t export the keys from the device. Unless if we are manually writing in the seed phrase in the new service. These 2 things conflict with each other.\n\n\n\nAnd what makes it worse for 2 is when someone actually does ask. We are told we don\'t know how a hardware wallet works, or we are giving a depth analysis on what wasn\'t even asked. I even asked this in a support email and got a detail description on the the thing being split or whatever. But it never answered how the service even gets the seed phrase.\n\n\n\nWhen I flat out asked does the seed phrase/master key get exported from the device or we have to manually put it in. I got another deep dive in what I didn\'t ask for. I never got the answer. And it seems like no one is getting an answer to this question.\n\n\n\nSo please answer that question. Does the master key get exported from the device itself? Or does the user have to manually put in the needed info?\n\n\n\nAnyways, It would go a long way if your company says firmly state if the tools which allows for the extracting of the private master key is within the firmware update or when does it go on the device. (note I will highly recommend to open source the firmware as soon as possible)\n\n\n\nOr better yet, that and show a detail video on how the new service works. Even more how the service gets the master key. Is it exported, or do you have to manually write in the seed phrase.\n\n\n\n\n\n[Evidence I actually did say that](https://preview.redd.it/zrkn6oe5g96b1.png?width=1407&format=png&auto=webp&v=enabled&s=c48c9485e46ff993f7114ec51cdc59907f257868)\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\n\n\nTLDR Ledger is pissed at me for exposing their crap or speaking a truth they don\'t want to hear.', 'https://www.reddit.com/r/CryptoCurrency/comments/14ag0oe/so_i_found_out_ive_been_shadow_ban_from_ledger_i/', '14ag0oe', [['u/kryptoNoob69420', 11, '2023-06-16 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14ag0oe/so_i_found_out_ive_been_shadow_ban_from_ledger_i/joa8ju7/', 'It was pretty sad to see the most successful hardware wallet manufacturer become greedy enough to give up the most important tenant of their product just to shovel $10 monthly subscriptions.\n\nTheir slimy attitude shows how arrogant their management is and how that arrogance has already started killing their company.', '14ag0oe']]], ['u/crazypostman21', 'Nano was on my mind today.', 53, '2023-06-16 01:46', 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/', "So I bought some. Makes me sad to see Nano slipping it's such a great coin! I have to say it was super easy my process is use strike to get BTC to kucoin, and then buy nano. Always easy experience with kucoin and had it in my wallet in just a few seconds after the withdrawal. \nOne question, I haven't opened my natrium in a while. Is it still the go-to mobile wallet? Is it still actively supported? I tried to change representatives but that didn't seem functional in the app? I plan on going down with the ship if nano doesn't make it, It's been nice serving with y'all 🫡", 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/', '14ahchn', [['u/AmbitiousPhilosopher', 13, '2023-06-16 01:56', 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/joafsm4/', 'Natrium is still the old safe choice. Nautilus is an upgrade worth a look, not sure about the security status of it, but seems legit.', '14ahchn'], ['u/FairKing', 10, '2023-06-16 08:27', 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/jobkjg3/', "Nautilus is a good wallet. It is still in heavy development but looks promising and ready for production so far as I can see. I haven't had any issues with the latest version.", '14ahchn']]], ['u/ElectricalTell714', 'What to read after "The Bitcoin Standard" and "Mastering Bitcoin"?', 65, '2023-06-16 02:09', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/', "Been orange pilled by these books. Can't stop to read. What are your top books, besides these two?", 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/', '14ahugj', [['u/Halo22B', 33, '2023-06-16 02:17', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/joaicq8/', 'Jeff Booth...price of tomorrow\nWhen money dies\nTake a look at mises.org for books by Mises and rothbard', '14ahugj'], ['u/itsybitsybtc', 22, '2023-06-16 02:40', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/joal1r9/', "Lately I have enjoyed Soft War, Jason Lowrey's controversial thesis, along with A Progressive Case for Bitcoin by Jason Maier, and GiGi's 21 lessons is always a good short read. \n\nI think my top Bitcoin books overall are Price of Tomorrow, Bitcoin Standard (minus some of Saifedeen's extremely shitty takes on the modern world), The Internet of Money series by Andreas, and The Blocksize War. \n\nBut there is one book that I keep coming back to that I think is maybe the best of all, The Book of Satoshi. It's just a collection of emails and discourse from the very early days of Bitcoin's development. You can read every single book about Bitcoin, and I have, but there is something so very special about these published emails and forums posts. \n\nIt's such a raw look at the sincerity and integrity in Bitcoin's early work. The debate, the challenges, the cautious enthusiasm... it's the one book that I always go to if I ever have any doubts. The effort Satoshi went to defend this little creation, and how earnest he was in wanting to improve it and see it succeed. If I could only ever bring one Bitcoin book with me it might be that one.", '14ahugj'], ['u/thisispedro4real', 13, '2023-06-16 06:03', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/job7zja/', 'the mandibles', '14ahugj'], ['u/ElderBlade', 12, '2023-06-16 08:30', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/jobkrsx/', "Every well rounded Bitcoiner has read these 6 books:\n\n1. The Bitcoin Standard\n2. The Fiat Standard\n3. The Book of Satoshi\n4. The Price of Tomorrow\n5. The Blocksize Wars\n6. The Sovereign Individual\n\nYou should also read Satoshi's white paper at least once. \n\nOther things you should learn:\n- Bitcoin Privacy i.e. KYC vs Non-KYC, UTXOs, coin control, and coin join\n- Running your own node and connecting your hard wallet to it\n\nThe Sovereign Individual is kind of a dense read but it's arguably one of the most important books on that list. Written in 1997, it forecasts the future by analyzing the megapolitical factors that have determined the course of human history and examining the ramifications of information technology. It actually predicted Bitcoin and has a dedicated chapter to what it calls cybermoney. Saifadean also mentions it in the Bitcoin Standard.", '14ahugj']]], ['u/Jen-minkovich', 'Housing Protection for PA Medical Marijuana Program patients - HB 985 introduced to PA House Housing and Development Committee', 112, '2023-06-16 02:59', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/', 'Hi all,\n\nIt\'s Dr Jen Minkovich. As you all are likely aware, we have a problem with housing discrimination against tenants who participate in the PA Medical Marijuana Program. Earlier this week, Rep. Chris Rabb introduced HB985 to explicitly add housing protection to the language of Act 16. Specifically, the bills states, "No landlord may evict, threaten to evict or otherwise discriminate against a residential tenant for the lawful usage or possession of medical marijuana if the tenant is certified to use medical marijuana." You can read the full bill here: [HB985](https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=HTM&sessYr=2023&sessInd=0&billBody=H&billTyp=B&billNbr=0985&pn=1512). It\'s a short read, less than two pages.\n\nHB985 was introduced into (referred to) the PA House - Housing and Development Committee and I do not yet see a hearing scheduled for it in that committee.\n\nIf you want to voice your support for the bill, please contact the Chair of the Housing and Development Committee [Rep. Mike Sturla](https://www.pahouse.com/96/Contact/) and ask him to please include this important bill on next meeting\'s agenda. (The chair of each committee decides what bills will be heard in that committee and when.)\n\n\n\nFor additional general background info regarding the housing discrimination situation-\n\n\\-Here\'s an article from the Phila Inquirer from two years back that covers well the topic of [Can I be evicted for using medical marijuana?](https://www.inquirer.com/philly-tips/medical-marijuana-pennsylvania-tenant-rights-20210208.html) They interviewed Patrick Nightingale for the article, who you may have heard of, as he is a well-known PA defense attorney and expert on cannabis-related legal matters.\n\n\\-Here are the details of an interesting case specifically related to section 8 housing: [Navy vet on medical marijuana fights over subsidized housing](https://www.usatoday.com/story/news/nation/2020/02/29/medical-marijuana-user-denied-federal-housing/4911781002/), [Commonwealth Court Decides Cease v. Housing Authority](https://cannabislawpa.com/2021/02/27/commonwealth-court-decides-cease-v-housing-authority/), [Mary Cease and reefer sanity II](https://thehawkeyeonlinenews.wordpress.com/2021/09/23/mary-cease-and-reefer-sanity-ii/).\n\n\n\nThank you for reading. My very best regards,\n\n[Dr Jen Minkovich](https://www.mmjadvocatedoc.com/about-us)\n\nFounder- MMJ Advocate Doc', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/', '14aivko', [['u/truej42', 21, '2023-06-16 05:20', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/job3emy/', 'I think one thing people need to keep in mind is that you’re technically not supposed to be smoking it. I’ve literally talked to people with a medical card that had no idea that was a thing. Even if the rules are silly, in certain situations if you’re living in an apartment building or something where there are neighbors close by and are bothered by the smoke, and you continue to smoke anyway, that’s only going to continue to fuel the negative feelings and stereotypes they have toward marijuana and the people that use it. Vaping flower greatly reduces the smell and gets you higher anyway. Edibles are the best way to discreetly do it, but not everyone is affected the same by them. Just a few thoughts anyway, I do agree that people should never be evicted for something they’re legally possessing.', '14aivko'], ['u/truej42', 16, '2023-06-16 06:31', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/jobasvj/', 'Smoking it is not legal period. You just further proved my point, even after I said “technically not supposed to be smoking it”.', '14aivko'], ['u/Jen-minkovich', 13, '2023-06-16 14:58', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/jocg8r6/', 'I agree - I have encountered many people over the years who do not know that in PA combustion is not legal under the law. (For all those who don\'t know here - Combustion of flower is illegal in PA. If you want to inhale your flower legally, you\'ll need to do so in a dry-herb vaporizer, aka flower vaporizer.) So yes, smoking is out regardless of where you live. However, I believe that landlords are not tolerant of dry-herb vaping nor oil vaping nor dabbing. I would wager that many landlords don\'t know the difference between combustion ("smoking") and vaping or dabbing.', '14aivko']]], ['u/AutoModerator', '[Daily Discussion] - Friday, June 16, 2023', 29, '2023-06-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/', '14amggr', [['u/Essexal', 10, '2023-06-16 07:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joberll/', 'Thankfully, I spent an extra 20 minutes looking at candles before bed last night. Got stopped out on the 2nd rip to 25.7. \n\nProbably dumb but I’m now short from 25.6. \n\nI’ve had one of my best trading weeks I can remember, time to not get too greedy.', '14amggr'], ['u/californiaschinken', 10, '2023-06-16 07:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobfel3/', 'Only one 100% right answer. DCA', '14amggr'], ['u/pgpwnd', 21, '2023-06-16 07:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobi6q6/', 'yes it is easy you just have to not be poor', '14amggr'], ['u/NLNico', 28, '2023-06-16 09:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobo1dc/', 'For the BlackRock ETF news, my initial reaction was to mostly dismiss it, as they have always rejected it AND the SEC just sued the custodian of this ETF (Coinbase) lol. However, it\'s interesting to see 2 ETF experts from Bloomberg ([EricBalchunas](https://twitter.com/EricBalchunas) & [JSeyff](https://twitter.com/JSeyff)) get quite exciting about this.\n\nReasoning seems: "world\'s biggest asset manager" and they probably know something. BlackRock would file it even if they estimate to have just (for example) [25% chance](https://twitter.com/JSeyff/status/1669458967678820358) of approval (but probably not if they thought it would fail.)\n\nSome random notes:\n\n- BlackRock funds have been trading in CME BTC futures since early 2021. Invested in several crypto companies. Offering crypto to institutional investors through Coinbase Prime and private trust since 2022. Etc. They are not new to bitcoin.\n- The last SEC rejection was just last Mar 10, 2023 for VanEck Bitcoin Trust. They rejected ARK 21Shares Bitcoin ETF on Jan 26, 2023.\n- ARK 21Shares Bitcoin ETF filed again at May 9, 2023 (lol)\n- Final decision (240 days - which they normally took) for ARK 21Shares Bitcoin ETF is 10 Jan 2024\n- Final decision for BlackRock\'s iShares Bitcoin Trust will be somewhere in Feb 2024\n- Perhaps [Grayscale\'s lawsuit](https://grayscale.com/gbtc-lawsuit/) against the SEC is relevant here too - final decision will be coming months', '14amggr'], ['u/PatientlyWaitingfy', 12, '2023-06-16 11:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobwx5k/', "If you have 15k to spare each month I'm pretty sure I wouldn't need to wait for the bullmarket to get excited..", '14amggr'], ['u/52576078', 11, '2023-06-16 11:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobyk00/', 'Not an American but I have seen many comments over the years that Blackrock is the "power behind the throne" in the US with seemingly incredible influence in US politics.\n\nI seem to recall some people here saying that a spot ETF wasn\'t necessarily a good thing for Bitcoin though. I can\'t recall the arguments they made though, maybe others can?', '14amggr'], ['u/csquilly', 22, '2023-06-16 14:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocarik/', 'SEC is going to approve. That is why they quickly sued Coinbase and others to get the bad actors and coins out before the big boys come to the table.', '14amggr'], ['u/NLNico', 10, '2023-06-16 14:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocbtzg/', 'Like the biggest gold ETF, $GLD? ("SPDR Gold Trust")\n\nI think all the spot bitcoin ETF applications have been trusts, starting with "Winklevoss Bitcoin Trust". The word "trust" doesn\'t mean so much.\n\nGBTC is a closed-end fund, causing big premiums/discounts like the current 42% discount. A real ETF will allow creation and redemption of shares to allow arbitrage, causing it to trade towards it\'s real asset value of their holdings. Making it more interesting for investors.', '14amggr'], ['u/_supert_', 15, '2023-06-16 14:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocfr98/', "That's not as stupid as it sounds.", '14amggr'], ['u/dopeboyrico', 10, '2023-06-16 15:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocgw1o/', '>Final decision for BlackRock’s iShares Bitcoin Trust will be somewhere in Feb 2024\n\nFollowed by BTC’s fourth halving in April 2024 where BTC inflation rate will drop below 1%/year going forward. The next 2 years are going to be fun.', '14amggr'], ['u/dopeboyrico', 22, '2023-06-16 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocltsz/', 'BlackRock has filed for over 500 ETF’s over the years. Only 1 of them has ever been rejected and that was for a [non-transparent ETF](https://www.reuters.com/article/sec-etf-transparency-idUSL2N0SH1ZE20141022) which wasn’t going to disclose their holdings for months at a time whereas normally an ETF is required to disclose their holdings on a daily basis.', '14amggr'], ['u/Mahmoud_Imadinrjaket', 12, '2023-06-16 15:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocmajv/', "* BlackRock's record of getting ETF's approved by the SEC is 575-1", '14amggr'], ['u/whorunbartertown420', 10, '2023-06-16 17:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocx2vm/', 'I\'m optimistic about the Blackrock news but is there any significance that the Blackrock "ETF" is actually called the iShares Bitcoin Trust? Is this offering going to be the same as the Greyscale Trust? If so, is the filing only important because it\'s Blackrock (who owns iShares)?', '14amggr'], ['u/diydude2', 12, '2023-06-16 17:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod4p3e/', 'Slightly off-topic but is anyone else getting 2008 vibes about the traditional financial system and stonks in particular? \n\nBack then it was Bear-Stearns being absorbed by JPM, followed by, "Everything\'s OK. Nothing to see here!" And the stonk rally rolled on.\n\nAny one of the three banks that failed a few months ago was bigger than BS. The stonk rally rolls on. \n\nIt just feels like the wheels are about to come off. What are the implications for Bitcoin? We crash along with everything else for a little while then come roaring back when everyone realizes that Bitcoin still works in the ashes of the coming meltdown.', '14amggr'], ['u/viralhysteria', 10, '2023-06-16 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod640b/', 'tick tock blackrock, we held 25.5 nearly on the dot like i hoped (apart from that crazy sweep earlier) but this would be a shameful spot to stall out \nhttps://pbs.twimg.com/media/FywZ6EaX0AEuwem?format=png&name=small \n\nthat sweep was yet another powerful testament to why i will not trade without avwap anymore \nhttps://i.imgur.com/bCbEnzM.png \n\nif we keep pushing i will be scraping up change to a buy a ticket for the train to froth town', '14amggr'], ['u/_supert_', 17, '2023-06-16 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod668o/', "Arthur's note\nhttps://cryptohayes.substack.com/p/fungible", '14amggr'], ['u/delgrey', 10, '2023-06-16 18:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod6wlx/', 'Its a trust in the same sense that $GLD is a trust.', '14amggr'], ['u/GenghisKhanSpermShot', 19, '2023-06-16 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod834r/', "[Update](https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/comment/jo5gz1o/?context=3): Currently leverage long [to the tits](https://www.tradingview.com/x/ILfzPA32/).\n\nEdit: If you're going to follow me just careful cuz we're at some [short-term resistance](https://www.tradingview.com/x/OyW8dSFO/), might not breakout right away but I think it's coming.", '14amggr'], ['u/guiseppi72', 10, '2023-06-16 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod8ojw/', 'I gave data dash a chance during this 31-> 25 dip but his latest video just seems so desperate. With this blackrock news and the risk-on atmosphere for stocks, I think the bulls are back in charge.', '14amggr'], ['u/anon-187101', 12, '2023-06-16 19:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jode85h/', "I gotta be honest\n\nthis news of Blackrock's $GLD-type bitcoin application is making me wanna smash-buy some BTC", '14amggr'], ['u/diydude2', 12, '2023-06-16 19:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodhhz7/', "Short-term, good -- they'll have to buy the underlying asset. \n\nLonger term, maybe not so good -- another instrument for tradFi to short.", '14amggr'], ['u/_supert_', 12, '2023-06-16 19:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodlx79/', "Came here to post about a tingling in my nuts that tells me we're going to melt up a long time and a long way, and I see [someone beat me to it](https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod834r/). Not just in bitcoin.\n\nPost-rationalization: real rates rates approaching peak, deficits continue to stimulate blah blah. Raising rates will do as much to reduce inflation as zero rates did to ignite it. But really just monkey brain pattern recognition.", '14amggr'], ['u/gozunker', 10, '2023-06-16 20:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodpfp8/', 'I converted a bunch of Coin2 to BTC earlier this week at $25000 and I’m feeling really happy with that move.', '14amggr'], ['u/DaBrokenMeta', 10, '2023-06-16 21:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodum88/', 'Promised land delivery service. How is sentiment so fickle in this sub. We been chanting 25k; 25k hits, and everyone is scared XD\n\nwtf', '14amggr'], ['u/BootyPoppinPanda', 11, '2023-06-16 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodxdi0/', "I only listened to a little of this, but Pomp has some experts talking about the Blackrock thing. One dude thinks they're trying to stay in the race for the ETF maybe because they think Grayscale will win their suit. There is a race to get this thing launched first, or at least competitive timing. \n\n\nhttps://www.youtube.com/watch?v=CyWcmqD6ibM&ab\\_channel=AnthonyPompliano", '14amggr'], ['u/snek-jazz', 10, '2023-06-16 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe05qj/', "It was a crypto popularised by British indie band Blur in the late 90s\n\n> I got my head checked \n> By a Vitalik \n> It wasn't easy \n> But nothing is, no\n> \n> [Chorus] \n> (Coin 2!) When my seed is in metal \n> (Coin 2!) And I'm gas and I'm de-fi \n> (Coin 2!) Well, I stake and I'm easy \n> All of the time, but I'm never sure why I need DAO \n> Pleased to meet you", '14amggr'], ['u/BootyPoppinPanda', 18, '2023-06-16 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe08tv/', "I forgot youtube links are banned, so I'll just say there is a new Pompliano video that has some experts talking about the Blackrock thing. One dude thinks they're trying to stay in the race for the ETF because they think Grayscale will win their suit. There is a race to get this thing launched first, or at least competitive timing.", '14amggr'], ['u/BootyPoppinPanda', 16, '2023-06-16 21:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe0ex2/', "How do we know they didn't fill their bags already? Not being sarcastic", '14amggr'], ['u/AccidentalArbitrage', 13, '2023-06-16 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe39wg/', "Just saw your post below and approved it.\n\nAs long as it's relevant I'll gladly approve it, we just have that filter for spam, feel free to DM me directly or send modmail any time.", '14amggr'], ['u/FmgNRTJj', 11, '2023-06-16 22:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe3msh/', 'eafeareeoom', '14amggr']]], ['u/jn92082', "What if we're right about BTC? You guys think about how our lives and families lives will change", 64, '2023-06-16 06:48', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/', 'I got into btc in 2020...i heard about it but never really knew how to get involved untill someone at work told me about it. I get that inflation is real and the cost of living is constantly going up especially in major cities like Chicago, NYC, san francisco etc. I know the us debt is unreal and fiat is dying and the world is changing, and i get why people are "opting" out of fiat....but the reality of this is we all dream about financial freedom and able to live the way we want thats why we are in btc. I make over 200k and im not free im actually more of a slave and sinking further in the sand. I dont want this fate for my next generation...thats why i tried btc...if i got in in 2010 I\'d be rich already but what about people like me who got in 10 years later? Is it possible? Will 1 btc be 10 million? 50 million? 100 million? Will 0.01 btc give you financial freedom? What do you guys really think? 20 years from now will i be sitting on a beach somewhere with the people closest to me without a worry or am i dreaming?', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/', '14andca', [['u/bigoldbert23', 15, '2023-06-16 07:13', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobejmj/', "I have no doubt in the future of bitcoin, but my timeline is a long one. I stack primarily for my kids as I doubt I'll see hyper bitcoinisation in my lifetime. We are still VERY early.\n\nStay humble, stack sats and keep learning.", '14andca'], ['u/CPhaze', 97, '2023-06-16 07:32', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobg4yr/', "If we don't properly prepare our keys and our descendants, our coins will become part of the deflationary aspect of BTC.", '14andca'], ['u/itsybitsybtc', 16, '2023-06-16 08:00', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobifcd/', 'Bitcoin isn’t here to make people rich, its here to free people from being poor. You’re not going to outrun the global economy because you buy into bitcoin now, but at least your future won’t be stolen from you.', '14andca'], ['u/HaveRewengey', 11, '2023-06-16 08:31', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobkul8/', "I think whatever happens, it's good to plan for it. We often dream of becoming wealthy, but we don't really know what it's like until we get there. There's a reason a lot of people who become wealthy lose it, unless they have a plan. \n\nI'd say start now.....connect with your passions, enjoy life, enjoy the people around you, and the wealth will be the cherry on top rather than the thing that allows for a good life (although I understand those below the poverty line can't exactly do this, and of course there is a certain amount of money that makes a huge difference.....but it is diminishing).\n\nWhat do I dream of.....thinking less about money. The day when BTC is boring, and I'm still enjoying and valuing the things I do today. I want to be that person now, wealth will just make certain things easier.", '14andca'], ['u/bigoldbert23', 16, '2023-06-16 08:42', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/joblq7l/', 'As old as my toungue and a little older than my teeth.', '14andca'], ['u/bigoldbert23', 11, '2023-06-16 09:01', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobn5b8/', 'Cory from Swan Bitcoin wrote an article on this, can’t remember exactly when/where (probably Twitter), and it resonated with me a lot. Basic thrust of it was we are a very long way away from bitcoin becoming anything like a global currency with adoption a common thing, and by that I mean adoption over the USD by nation states. Currently I believe we are at the “they fight you” stage. Look at what the SEC is doing, and how banks like Silvergate who were one of the major banks used by bitcoin companies (along with Prime Trust) went down. All over there are attacks - Apple trying to remove Damus from APP store, Swan Youtube channel being taken down etc are 2 in the last few days alone. And these are just in the US. Europe seems to be trying to outlaw POW mining on phoney ESG terms. China already banned it (although does seem to be coming back with recent ruling on HK). \n\nSo firstly, we need to win this fight. We will, of that I am sure. The decentralised nature of bitcoin means it is nigh on impossible to stop. And then there needs to be an even greater collapse of the status quo in the fiat system. Things look bad now, but it will take a lot more pain before most people realise what’s causing all the economic chaos and start to consider a viable alternative. Bitcoin is clearly that alternative, but looking at who’s in charge atm, can you really see them adopting a bitcoin standard? I can’t. So maybe 1 or 2 generations down the line we can look forward to a huge change. Once the children of today are running things, who know nothing but an internet connected world and are open to new ideas. Their children (who I have faith in will be earning, spending and saving in sats) will usher in a golden age of opportunity under a bitcoin standard.', '14andca'], ['u/forgotmypassword4714', 10, '2023-06-16 09:05', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobndu0/', "^This. Some people really like to act like they're above thinking about money in this sub. It's nice and even noble to be in it purely for the technology and to support an alternative to banking fiat but the possibility of it also being a good financial investment is also very real at the same time. Maybe they're just trying to abide by the subreddit's rules though, I don't know.", '14andca'], ['u/direktor4eto', 24, '2023-06-16 09:30', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobp7dp/', "This is some serious facts here, that I'm sure most of us ignore...", '14andca'], ['u/SMK_12', 50, '2023-06-16 10:33', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobtl7p/', 'I mean dude depending on your age if you’re making $200K+ and financially responsible you should be able to save and invest even with out Bitcoin and do well for yourself and your future family. I live in NYC making a little bit less than $200K and while I’m not “rich” by any means, I can save and invest and reasonably have expectations to live a good life and retire at a good age. If you’re making $200k and don’t feel financially secure and look at Bitcoin as your salvation you’re doing something wrong', '14andca'], ['u/dunc2k', 11, '2023-06-16 11:02', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobvjuk/', 'Coins that are permanently locked or lost are effectively removed from the total supply', '14andca'], ['u/iammasvidal', 58, '2023-06-16 11:52', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobyxwp/', '200k a year and you need to rely on bitcoin to have a good life down the road. Definitely doing something wrong', '14andca'], ['u/santerv666', 10, '2023-06-16 13:31', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/joc71y2/', 'Cant snort BTC tho lol', '14andca']]], ['u/rBitcoinMod', 'Daily Discussion, June 16, 2023', 43, '2023-06-16 08:02', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/149vjsp/lightning_thursday_june_15_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/', '14aoozi', [['u/StockAd229', 13, '2023-06-16 12:35', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/joc27hi/', 'Don’t be a pussy and buy some BTC', '14aoozi'], ['u/bobbytabl3s', 13, '2023-06-16 13:33', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/joc797s/', 'inb4 SEC approves the Bitcoin ETF and sues BlackRock for operating a Bitcoin ETF', '14aoozi'], ['u/BitcoinMoonLanding', 12, '2023-06-16 16:55', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/jocvgyt/', 'Buy more bitcoin you fuckers.', '14aoozi'], ['u/Bad_Camel', 10, '2023-06-16 18:04', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/jod5c3a/', "It doesn't work like that. The current market cap is not equal to how many usd is invested in Bitcoin. It's just the amount of units x the last price at which a unit changed hands.\n\n205 billion usd at current prices equals 8 million bitcoin. But you can't just decide to buy 8 million bitcoin without moving the price. IF they would buy on the open market, market cap would go way higher as available supply would dwindle fast.\n\nThis could however be an attack vector against Bitcoin, they could hold paper bitcoin and hence suppress the price. We should therefore all promote self custody, which is the whole point of Bitcoin. Iso making bankers rich and powerful, we should hold our own keys and run our own node.\n\nFuck the bankers, don't buy their paper!", '14aoozi'], ['u/SkepticalDreams', 10, '2023-06-16 19:47', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/jodk8gd/', 'Great to see Bitcoin dominance rising! After the SEC is done with all the shit coins, it will be much closer to where it should be.', '14aoozi']]], ['u/WooDance8799', 'Celsius has just proposed converting all altcoin holdings into Bitcoin (BTC) and Ethereum (ETH) because of concerns that altcoins will fluctuate too much, which will reduce the value of assets.', 75, '2023-06-16 09:18', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/', "Under the revised plan, Celsius will sell all altcoins held by customers, excluding “custodial accounts and holding accounts”, into BTC and ETH starting July 1, 2023.\n\nAccording to An Ape's Prologue, the number of altcoins Celsius is holding includes native tokens of the CEL platform, Polygon (MATIC), Cardano (ADA), Chainlink (LINK) and RoboInu(RBIF). Total value is up to 215 million USD.\n\n\n\nhttps://preview.redd.it/65287yrnae6b1.png?width=757&format=png&auto=webp&v=enabled&s=5f1d1199b9ab299dbb852abbe4f2b3731b5ebc6b\n\nhttps://preview.redd.it/txaa2psdzb6b1.png?width=743&format=png&auto=webp&v=enabled&s=7e08c4873f4b0637075b982ccd2599cc7cbacbf1", 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/', '14aq13e', [['u/cheesomacitis', 46, '2023-06-16 10:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobrg1h/', 'They sure picked an uncannily shitty time to do this, didn’t they… when BTC & ETH dominance are the highest in years relative to the rest of the market.', '14aq13e'], ['u/Expert77777777', 16, '2023-06-16 10:29', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobtb29/', 'Stupid timing, so object and block it. The Fahrenheit plan is dead due to no borrower deal, so this will drag onto next bull market next year anyway. In bull market alts outperform BTC so better to delay to then.', '14aq13e'], ['u/Ok_Software7056', 32, '2023-06-16 10:42', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobu7kv/', 'It will keep going higher, so better now than later', '14aq13e'], ['u/rjm101', 32, '2023-06-16 10:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobuwr6/', 'Perfectly shitty timing to push for that now. They had a whole year.', '14aq13e'], ['u/slash0v', 11, '2023-06-16 12:25', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/joc1fha/', 'What about stablecoins? \nI had only USDC here.', '14aq13e']]], ['u/HUNG3E', 'My dad refused to buy 9 Y/O me $10 in Bitcoin... In 2010', 638, '2023-06-16 09:18', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/', "I bring this up every now and then as a joke now but I sometimes think about what life would be like if things went different.\n\nIn 2010, when I was 9 years old, I saw a YouTube video talking about Bitcoin and how crypto currency could be the next big thing in security and privacy and what not. I thought it was cool and asked my dad to buy me like $10 worth for my birthday.\n\nThat would be about 20 or so bitcoins.\n\nWell he thought it was stupid and a scam so he refused and I missed out on having nearly $1 million.\n\nI know there's no way he could've known what would happen, and I didn't either, and I probably would've seen it increase to a couple thousand and sold out, still being disappointed today about missing out, but it's a fun story to bring up every now and then and joke about. We also joke because my dad wouldn't drive my grandmother to the store to buy her lottery ticket the day the numbers she always used were picked for like a $50 thousand jackpot😂😂.\n\nThanks for reading, just wanted to tell this story somewhere", 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/', '14aq1cy', [['u/BackflipsAway', 469, '2023-06-16 10:34', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/jobtns4/', "I mean let's be honest, you would have probably sold them when they were worth a couple hundred bucks and bought like an Xbox, or a bike or whatever you were into back then, no one could've predicted how much the value of Bitcoin would climb and people at around that age aren't exactly known for their good financial habits", '14aq1cy'], ['u/uncle_sjohie', 10, '2023-06-16 10:42', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/jobu64o/', "If my auntie had balls, she'd be my uncle. The same could be said for buying say stock in Tesla at $1,75 back in 2011.", '14aq1cy'], ['u/ScaredOfAttention', 29, '2023-06-16 12:10', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc0ar5/', 'You would tell your dad to sell them when they havent even hit 2x. So you lost about 10 dollars not millions.', '14aq1cy'], ['u/leakmydata', 14, '2023-06-16 12:32', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc1ybs/', 'Your dad is right that they are stupid and a scam.', '14aq1cy'], ['u/KingGuy420', 19, '2023-06-16 13:09', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc53mh/', 'I remember reading an article about it when it was 3$ and I was gonna buy some. I went and bought a prepaid credit card with like 350$ on it, was gonna buy 100.\n\nThen my buddy just burst out laughing and was like "You will never see that money again. Hey I got some land I wanna sell ya in Florida hahaha"\n\nHe gave me second thoughts and I decided not too. I can\'t even see that friend now without seething about the $ he cost me >.<', '14aq1cy'], ['u/dumbpaulbearer', 131, '2023-06-16 13:39', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc7uju/', 'Or lost access to them which seems to be how most of these stories of great bitcoin wealth from the early days end.', '14aq1cy'], ['u/THi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['This first-person account of a cryptocurrency hack was verified by Forkast. The writer requested not to be identified due to repeated phishing attacks. First, let me tell you about the cockroaches. The worst holiday I ever had started in Thailand, Phuket Island to be exact, more than two decades ago. I’d rented a motorbike, wasn’t paying attention, skidded on a patch of loose gravel — broke a collarbone and gashed up most of my left arm. A doctor on the island dressed the scrapes and cuts, put me in a sling, but I didn’t need him to tell me the next week of what was a scuba diving holiday wouldn’t involve any time underwater. Still, I was traveling alone and had rented a bungalow on a beach at a nearby island for the next leg and decided I’d go there anyway and rest up. The bungalow was basic, electricity fed from a garden generator, which was temperamental, said the lady at the reception hut, assuring me when the power went off, it would (eventually) come back on. Sure enough, that night the power went out while I was reading in the room, so I dug out a dive flashlight. The Phuket doctor had told me to change the dressing on the gashed arm and also give the cuts time to breathe, so on the second night I took off the dressing, washed the gashes, put the sling back on and went to sleep planning to dress the injury again in the morning. I woke up in the dark and realized something was moving and rustling under the bed sheet on my left side. I reached for the bedside light, but the power was out. I groped for the flashlight on the side table, turned it on, peeled back the bedsheet and saw a swarm of cockroaches feasting on my scraped and bloodied arm. I reacted like I assume most people would by shouting something unprintable, jumping up and swiping and swatting at the arm. In the flashlight, roaches ran across the bed and careened across the floor. I spent the rest of the night in a chair by the door, dog-tired but sweeping the floor with the light every now and then to pick out roaches zipping across the room — whacking whatever came near with the sheet I pulled from the bed. The power never did come back, but when the sun eventually came up, I checked out. Story continues In May this year — just two days before the worst birthday I ever had — two Bitcoin and a little more than two Ether I had spent about four years accumulating was stolen from a\xa0cold wallet through a phishing attack. Several more phishing emails and phone calls followed over the next several days. Sitting at home and shell shocked I found myself remembering that night in Thailand. Then the penny dropped: Hackers are like cockroaches. Once you are targeted, they stay in the dark, but come after you in swarms. I wrote this account to try and put down observations of how these hackers came at me and how I reacted (badly) to hopefully provide some red flag reminders for others. I claim no particular expertise in blockchain or cryptocurrency, but we all know the behavior of cockroaches. After the collapse of the FTX crypto exchange last November I did what a lot of investors did and moved tokens into a cold wallet, in my case a Trezor. I also advised my daughter to move her Bitcoin being saved for university fees to my Trezor, thinking it would be safer. After that, I didn’t really do anything with it — except to occasionally think how weird it was to have thousands of dollars sitting in a desk drawer. (Is this what financial freedom looks like? Should I put it in a bank safe deposit box?) But in December last year, I pulled the Trezor out to explore other functions and in the process, the crypto disappeared. That was freaky, but I messaged support at Satoshi Labs, the Trezor maker, with screenshots and they emailed back after a few days to walk me through what to do. This is the email from Satoshi Labs. Screenshot of SatoshiLabs’ customer service email. Image: provided Apparently I had moved the tokens into a hidden wallet. After a reset, the missing crypto funds appeared again. I didn’t take this further, though being told by Trezor support they had “never seen wallet window” like in the screenshot I sent was troubling. I didn’t touch the Trezor for months after that, though I still had the occasional niggles about the crypto laying around as Bitcoin’s price jumped from the start of the year. Here is the phishing mail that arrived in my inbox in mid-May. It was sent to the email I used for Trezor communications, had the Trezor logo at the top, even seemed to mimic some of the lowercase lettering from Satoshi Labs. And while it has a new ticket ID, it referenced the “missing funds” which was the topic of my mail to Trezor in December. Screenshot of the phishing email received by the victim. Image: provided The email arrived in the evening. I was tired, distracted, doing four things at once online. I looked at it, saw the reference to the missing funds, remembered I hadn’t opened the Trezor since the Ethereum hard fork, and did the thing we know to never, never do, clicked the link and it opened what looked like the Trezor site, I entered the seed phrase. I then watched in disbelief as the crypto was pumped out. Beside loss of assets, theft is an act of psychological violence that leaves you in deep shock and in that state you become disoriented and in denial about what has happened. In other words, you are desperate and vulnerable, and a prime target for a second hack. (Binance has a link on that which I wish I’d seen at the time: How Not to Fall for a Scam Twice ) You also feel enormously stupid. Yes, “even monkeys fall from trees” but I imagine that the monkeys feel pretty stupid, too. I immediately messaged Trezor support in a panic, but the response was to expect a response in three days, not that they could have done anything. I went on Telegram — for reasons I still don’t understand other than desperation — seeking help and advice. One Telegram user was sympathetic and offered to help, wanted the transfer IDs for the hack and then asked for the seed phrase for another wallet I had, proposing to get back the stolen crypto and transfer it there. Of course, it was another cockroach (or maybe the same one) but I was in the state of wanting to believe there was help from the crypto community and that there was a way to get the stolen crypto back. As a result, I almost got taken a second time. (Telegram seems to host whole nests of these roaches. I messaged Telegram at [email protected] to flag this hacker and never heard back from them. Trezor later confirmed they do not have any support groups on Telegram. Neither does Binance.) I continued looking online for other help and found a cybersecurity company that claimed to have teams of ethical hackers that can track and expose online thieves to law enforcement and then get the crypto back. Problem with those services is they want thousands of dollars upfront and, of course, there is no guarantee of any success. (See above on being in shock, vulnerable and getting scammed twice.) Using the transaction IDs for the hack, I could see the cockroach’s wallet and that it had interacted with a Binance wallet. I got online with Binance support, gave them the transaction IDs to ask if they could freeze the wallet. They checked and were very helpful, but it wasn’t a Binance wallet and they could do nothing. However, I did follow Binance support’s advice not to pay thousands of dollars up front to companies offering to get the crypto back. The only real option is file a report to law enforcement — search Google, “Report a Cyber Crime + (Your country)” — and hope. More phishing attacks followed. I received an automated voicemail telling me I needed to call the Singapore immigration department immediately at a U.S. area code number because my details were inaccurate. I don’t live in either country. In early June, I noticed a story online detailing the huge extent of the cryptocurrency hacking and theft that took place in May alone. Beside the major hacks of exchanges that result in millions of dollars of losses spread across thousands of individuals, the story says hackers are shifting their attention to ordinary users. So how many more hundreds or thousands of individuals are being targeted and ripped off every day in other scams? Are the roaches at the gates? Along with the financial devastation, one of the other damaging aspects of being hacked is blaming it on blockchain and cryptocurrencies per se. Confusing the technology, and its potential, with the thieves who exploit it. Because of the transparency of transactions, I can track where the crypto stolen from my Trezor is, but it’s problematic to keep looking because it’s difficult to not see a cockroach with a grin staring back. Phishing attacks on Trezor users are nothing new as the company’s customer emails were hacked in April last year and Trezor put out warnings about it. Because of widespread and ever more sophisticated phishing attacks, some crypto platforms have introduced specific codes for customers – usually a set of numbers chosen by the customer – so any email that arrives claiming to be from the company but lacks the code can be immediately identified as fake. I think it would be a good idea for Satoshi Labs and other exchanges and platforms to adopt that policy to better protect customers. However, the bottom line is I did the thing Satoshi Labs warns over and over again to never do: Punch a seed phrase into a computer. I’ve rebooted the Trezor to start rebuilding again, but I’m also looking at other storage options. We cannot let the roaches win.', 'This first-person account of a cryptocurrency hack was verified by Forkast. The writer requested not to be identified due to repeated phishing attacks. First, let me tell you about the cockroaches. The worst holiday I ever had started in Thailand, Phuket Island to be exact, more than two decades ago. I’d rented a motorbike, wasn’t paying attention, skidded on a patch of loose gravel — broke a collarbone and gashed up most of my left arm. A doctor on the island dressed the scrapes and cuts, put me in a sling, but I didn’t need him to tell me the next week of what was a scuba diving holiday wouldn’t involve any time underwater. Still, I was traveling alone and had rented a bungalow on a beach at a nearby island for the next leg and decided I’d go there anyway and rest up. The bungalow was basic, electricity fed from a garden generator, which was temperamental, said the lady at the reception hut, assuring me when the power went off, it would (eventually) come back on. Sure enough, that night the power went out while I was reading in the room, so I dug out a dive flashlight. The Phuket doctor had told me to change the dressing on the gashed arm and also give the cuts time to breathe, so on the second night I took off the dressing, washed the gashes, put the sling back on and went to sleep planning to dress the injury again in the morning. I woke up in the dark and realized something was moving and rustling under the bed sheet on my left side. I reached for the bedside light, but the power was out. I groped for the flashlight on the side table, turned it on, peeled back the bedsheet and saw a swarm of cockroaches feasting on my scraped and bloodied arm. I reacted like I assume most people would by shouting something unprintable, jumping up and swiping and swatting at the arm. In the flashlight, roaches ran across the bed and careened across the floor. I spent the rest of the night in a chair by the door, dog-tired but sweeping the floor with the light every now and then to pick out roaches zipping across the room — whacking whatever came near with the sheet I pulled from the bed. The power never did come back, but when the sun eventually came up, I checked out. Story continues In May this year — just two days before the worst birthday I ever had — two Bitcoin and a little more than two Ether I had spent about four years accumulating was stolen from a\xa0cold wallet through a phishing attack. Several more phishing emails and phone calls followed over the next several days. Sitting at home and shell shocked I found myself remembering that night in Thailand. Then the penny dropped: Hackers are like cockroaches. Once you are targeted, they stay in the dark, but come after you in swarms. I wrote this account to try and put down observations of how these hackers came at me and how I reacted (badly) to hopefully provide some red flag reminders for others. I claim no particular expertise in blockchain or cryptocurrency, but we all know the behavior of cockroaches. After the collapse of the FTX crypto exchange last November I did what a lot of investors did and moved tokens into a cold wallet, in my case a Trezor. I also advised my daughter to move her Bitcoin being saved for university fees to my Trezor, thinking it would be safer. After that, I didn’t really do anything with it — except to occasionally think how weird it was to have thousands of dollars sitting in a desk drawer. (Is this what financial freedom looks like? Should I put it in a bank safe deposit box?) But in December last year, I pulled the Trezor out to explore other functions and in the process, the crypto disappeared. That was freaky, but I messaged support at Satoshi Labs, the Trezor maker, with screenshots and they emailed back after a few days to walk me through what to do. This is the email from Satoshi Labs. Screenshot of SatoshiLabs’ customer service email. Image: provided Apparently I had moved the tokens into a hidden wallet. After a reset, the missing crypto funds appeared again. I didn’t take this further, though being told by Trezor support they had “never seen wallet window” like in the screenshot I sent was troubling. I didn’t touch the Trezor for months after that, though I still had the occasional niggles about the crypto laying around as Bitcoin’s price jumped from the start of the year. Here is the phishing mail that arrived in my inbox in mid-May. It was sent to the email I used for Trezor communications, had the Trezor logo at the top, even seemed to mimic some of the lowercase lettering from Satoshi Labs. And while it has a new ticket ID, it referenced the “missing funds” which was the topic of my mail to Trezor in December. Screenshot of the phishing email received by the victim. Image: provided The email arrived in the evening. I was tired, distracted, doing four things at once online. I looked at it, saw the reference to the missing funds, remembered I hadn’t opened the Trezor since the Ethereum hard fork, and did the thing we know to never, never do, clicked the link and it opened what looked like the Trezor site, I entered the seed phrase. I then watched in disbelief as the crypto was pumped out. Beside loss of assets, theft is an act of psychological violence that leaves you in deep shock and in that state you become disoriented and in denial about what has happened. In other words, you are desperate and vulnerable, and a prime target for a second hack. (Binance has a link on that which I wish I’d seen at the time: How Not to Fall for a Scam Twice ) You also feel enormously stupid. Yes, “even monkeys fall from trees” but I imagine that the monkeys feel pretty stupid, too. I immediately messaged Trezor support in a panic, but the response was to expect a response in three days, not that they could have done anything. I went on Telegram — for reasons I still don’t understand other than desperation — seeking help and advice. One Telegram user was sympathetic and offered to help, wanted the transfer IDs for the hack and then asked for the seed phrase for another wallet I had, proposing to get back the stolen crypto and transfer it there. Of course, it was another cockroach (or maybe the same one) but I was in the state of wanting to believe there was help from the crypto community and that there was a way to get the stolen crypto back. As a result, I almost got taken a second time. (Telegram seems to host whole nests of these roaches. I messaged Telegram at [email protected] to flag this hacker and never heard back from them. Trezor later confirmed they do not have any support groups on Telegram. Neither does Binance.) I continued looking online for other help and found a cybersecurity company that claimed to have teams of ethical hackers that can track and expose online thieves to law enforcement and then get the crypto back. Problem with those services is they want thousands of dollars upfront and, of course, there is no guarantee of any success. (See above on being in shock, vulnerable and getting scammed twice.) Using the transaction IDs for the hack, I could see the cockroach’s wallet and that it had interacted with a Binance wallet. I got online with Binance support, gave them the transaction IDs to ask if they could freeze the wallet. They checked and were very helpful, but it wasn’t a Binance wallet and they could do nothing. However, I did follow Binance support’s advice not to pay thousands of dollars up front to companies offering to get the crypto back. The only real option is file a report to law enforcement — search Google, “Report a Cyber Crime + (Your country)” — and hope. More phishing attacks followed. I received an automated voicemail telling me I needed to call the Singapore immigration department immediately at a U.S. area code number because my details were inaccurate. I don’t live in either country. In early June, I noticed a story online detailing the huge extent of the cryptocurrency hacking and theft that took place in May alone. Beside the major hacks of exchanges that result in millions of dollars of losses spread across thousands of individuals, the story says hackers are shifting their attention to ordinary users. So how many more hundreds or thousands of individuals are being targeted and ripped off every day in other scams? Are the roaches at the gates? Along with the financial devastation, one of the other damaging aspects of being hacked is blaming it on blockchain and cryptocurrencies per se. Confusing the technology, and its potential, with the thieves who exploit it. Because of the transparency of transactions, I can track where the crypto stolen from my Trezor is, but it’s problematic to keep looking because it’s difficult to not see a cockroach with a grin staring back. Phishing attacks on Trezor users are nothing new as the company’s customer emails were hacked in April last year and Trezor put out warnings about it. Because of widespread and ever more sophisticated phishing attacks, some crypto platforms have introduced specific codes for customers – usually a set of numbers chosen by the customer – so any email that arrives claiming to be from the company but lacks the code can be immediately identified as fake. I think it would be a good idea for Satoshi Labs and other exchanges and platforms to adopt that policy to better protect customers. However, the bottom line is I did the thing Satoshi Labs warns over and over again to never do: Punch a seed phrase into a computer. I’ve rebooted the Trezor to start rebuilding again, but I’m also looking at other storage options. We cannot let the roaches win.', 'Markets recovered fromlast week’s crashafter readings this week showed that U.S. inflationcooled to 4%, more or less in line with expectations. On Wednesday, the Fed electednot to raise interest ratesat a meeting for the first time in eighteen months. Leading cryptocurrencies traded sideways that day but appear to have made some gains entering the weekend.\nBitcoin posted a slight gain of 3% over the last seven days to trade at $26,428 on Saturday. Meanwhile, Ethereum lost 0.6% over the same period and now changes hands at $1,725.\nMost leading cryptocurrencies actually posted nominal gains this week. Several rallied hard, including Filecoin (FIL), up 10.3% to $3.71, Cosmus Hub (ATOM) rallied 13.2% to $8.91, Uniswap (UNI) ballooned 14.4% to $4.54 and Polygon (MATIC) surged 9.2% to $0.616745.\nNone of the top thirty cryptocurrencies by market capitalization posted any notable losses, in spite of the fact that it was the second week of the U.S. Securities and Exchange Commission’s escalation of enforcement actions on the industry.\nThe week began with news that Binance was lawyering up. Ithired George Canellos, a former co-director of the SEC’s Division of Enforcement to help defend itself against13 civil chargesfrom the securities regulator, including operating as an unlicensed securities exchange.\nAlso Monday, popular trading app eToro announced it wasdelistingAlgorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) due to their labeling as securities in the SEC’s lawsuit against Binance. The move mirrored a similar play by Robinhoodlast weekendand by publicly-listed one-stop crypto shop Bakkton Friday.\nLater that evening, Binancefiled more than twenty motionsin opposition to the SEC’s lawsuit. However, by the end of the week, Binance’s presence in Europe had shrunk considerably. News broke midweek that Binance waspulling out of Cyprusandthe Netherlandswhile coming under heightened scrutiny from French authorities for “aggravated money laundering.”\nToday, a judge approved a consent agreement between Binance and the SEC that one former SEC official said was "burdensome, awkward, inconvenient."\nThe SEC wasn’t the only one in Washington talking crypto this week. On Tuesday, a U.S. Treasury Department representative said at theTransform Payments USA 2023conference that the U.S. “has not yet determinedwhether it will pursue aCBDC”—but authorities are currently studying the “potential” of it with an interagency working group.\nOn Monday, Warren Davidson (R-Ohio) tweeted: “Today I filed the SECStabilization Actto restructure the SEC and fire Gary Gensler,” adding, “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.”\nDavidson created the legislation with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has oftenblastedGensler for driving the industry offshore through heavy handed enforcement actions.\nThe following day, crypto executives assembled before Congress tosupport a draft billto regulate crypto. It was praised for establishing clearer requirements for trading platforms to register with either the SEC or the CFTC—requirements which many in the the industry have long said are sorely needed.\nThat day, House Financial Services Committee Republicans also asked the SECin a letterto rescind its proposal to change the definition of “exchange.”', 'Illustration by Mitchell Preffer for Decrypt. Markets recovered from last week’s crash after readings this week showed that U.S. inflation cooled to 4% , more or less in line with expectations. On Wednesday, the Fed elected not to raise interest rates at a meeting for the first time in eighteen months. Leading cryptocurrencies traded sideways that day but appear to have made some gains entering the weekend. Bitcoin posted a slight gain of 3% over the last seven days to trade at $26,428 on Saturday. Meanwhile, Ethereum lost 0.6% over the same period and now changes hands at $1,725. Most leading cryptocurrencies actually posted nominal gains this week. Several rallied hard, including Filecoin (FIL), up 10.3% to $3.71, Cosmus Hub (ATOM) rallied 13.2% to $8.91, Uniswap (UNI) ballooned 14.4% to $4.54 and Polygon (MATIC) surged 9.2% to $0.616745. None of the top thirty cryptocurrencies by market capitalization posted any notable losses, in spite of the fact that it was the second week of the U.S. Securities and Exchange Commission’s escalation of enforcement actions on the industry. Binance vs SEC: Week 2! The week began with news that Binance was lawyering up. It hired George Canellos , a former co-director of the SEC’s Division of Enforcement to help defend itself against 13 civil charges from the securities regulator, including operating as an unlicensed securities exchange. Also Monday, popular trading app eToro announced it was delisting Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) due to their labeling as securities in the SEC’s lawsuit against Binance. The move mirrored a similar play by Robinhood last weekend and by publicly-listed one-stop crypto shop Bakkt on Friday . Later that evening, Binance filed more than twenty motions in opposition to the SEC’s lawsuit. However, by the end of the week, Binance’s presence in Europe had shrunk considerably. News broke midweek that Binance was pulling out of Cyprus and the Netherlands while coming under heightened scrutiny from French authorities for “ aggravated money laundering .” Story continues Today, a judge approved a consent agreement between Binance and the SEC that one former SEC official said was " burdensome, awkward, inconvenient ." Meanwhile... The SEC wasn’t the only one in Washington talking crypto this week. On Tuesday, a U.S. Treasury Department representative said at the Transform Payments USA 2023 conference that the U.S. “ has not yet determined whether it will pursue a CBDC ”—but authorities are currently studying the “potential” of it with an interagency working group. On Monday, Warren Davidson (R-Ohio) tweeted: “Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler,” adding, “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.” Davidson created the legislation with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has often blasted Gensler for driving the industry offshore through heavy handed enforcement actions. The following day, crypto executives assembled before Congress to support a draft bill to regulate crypto. It was praised for establishing clearer requirements for trading platforms to register with either the SEC or the CFTC—requirements which many in the the industry have long said are sorely needed. That day, House Financial Services Committee Republicans also asked the SEC in a letter to rescind its proposal to change the definition of “exchange.”', 'Your average trader may not be buying non-fungible tokens (NFTs) right now, but there’s one class of trader that is feasting. It’s the whales.\nNFT trading volume is down, and floor prices are tumbling along with it, but those with deep pockets are acquiring major art grails. Fidenzas, Ringers, Chromie Squiggles, and rare Archetypes; if it sounds like I’m speaking another language, you’re right. This is the language of whales and art collectors.\nHere are some of the high-priced generative art grails they’ve been buying in the past week.\n• Fidenza #158 sold for US$370,000\n• XCOPY’s Five Eyes sold for US$238,000\n• Fidenza #646 sold for US$225,000\n• Fidenza #454 sold for US$132,000\n• Fidenza #25 sold for US$129,000\n• Fidenza #577 sold for US$123,000\n• Chromie Squiggle #10 sold for US$91,000\n• 13 Chromie Squiggles sold for roughly US$20,000\nCapping off the mega art week was Sotheby’s auction of NFT art grails, all coming from Three Arrows Capital’s previous holdings.\xa0With the auction now completed, we must take a moment to appreciate a BIG HONKIN’ SALE.\nRingers #879 (last sold for 1,800 Ether, worth US$5.4 million at the time ) was the grail of the entire lot and now may become world-famous for being the second highest-priced generative art sale ever in U.S. dollar value, but possibly the highest in ETH value at 3,233 ETH.\nKnown as ‘The Goose’ this stand-out output in Dmitri Cherniak’s highly regarded Ringers collection of generative art perfectly highlights the randomness of generative art, and how randomized parameters and code can sometimes form an unexpected image that is unique, beautiful, and iconic.\nNike NFTs seem to be coming to Fortnite as soon as next week. Nike’s official Twitter account just teased the ultimate sneaker hunt as Fortnite x Nike Air Max coming on June 20.\nTwo Rolex watches are being used as collateral for loans after being tokenized as NFTs. This is significant because it’s an obvious use case for NFTs, with the NFT acting as a COA and proof of ownership at the same time.\nA mysterious anonwallethas been on a shopping spree lately, buying over 2,600 ETH worth of Bored Ape Yacht Club, and over 1,500 ETH in other collections including Mutant Ape Yacht Club, Azuki, DeGods, Doodles, Moonbirds, and Pudgy Penguins.\nSnoop Dogg has just delivered possibly the best music-related NFT to date. His new NFT calledPassportwill give holders a behind-the-scenes look at his current tour (updated at each event), free art for holders by Coldie, Terrell Jones, and Alien Queen, and early access to tickets. Think of this as the evolution of a fan club, and priced just like it, at just US$45.\nDonald Trump’s Trump Digital Trading Cards has begun to accept the collection’s rare “Win Trump Prizes” NFTs to be redeemed and burned in exchange for the prize. Prizes include signed books, gift cards, golf tickets, zoom calls, and even a gala dinner at Trump’s home Mara Lago.\nOn Chain Monkeys completed their mint of 300 Dimensions NFTs as Bitcoin ordinals, and we’re already seeing some significant secondarysalesthat are north of 1 BTC each.\nBoringPunks, while not majorly expensive, saw plenty of money trading hands. The CryptoPunks derivative project minted at 0.01 ETH and found itself quickly reaching a floor price of over 0.16 ETH. Quite the feat in such a down market, with over US$1.7 million in secondary action trading hands.\nPeep the charts\nIt has been almost an entirely red week in the top 10 but Ordinals still benefit from being the meta right now, and this is where degens are focusing their time.\nMy prediction that DMarket would shine as the rest of the space fizzles seems to be coming true. Gamers will buy skins, independent of speculation, so it just makes sense for them to be a stable top performer.\nBoringPunks are the new kid on the block, entering the top 10 with weekly sales that almost mirror real CryptoPunks. But CryptoPunks only needed 17 transactions to do the same sales volume that it took BoringPunks 22,000 to reach.\nSales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air.\nPolygon is up almost 10% this week as it’s propelled byDraftKings’ Golf and Reignmakers UFC.\nBinance’s LBT liquidity positions as NFTs pushed them into the green, up over 22% in seven days.', 'Your average trader may not be buying non-fungible tokens (NFTs) right now, but there’s one class of trader that is feasting. It’s the whales. NFT trading volume is down, and floor prices are tumbling along with it, but those with deep pockets are acquiring major art grails. Fidenzas, Ringers, Chromie Squiggles, and rare Archetypes; if it sounds like I’m speaking another language, you’re right. This is the language of whales and art collectors. Here are some of the high-priced generative art grails they’ve been buying in the past week. Fidenza #158 sold for US$370,000 XCOPY’s Five Eyes sold for US$238,000 Fidenza #646 sold for US$225,000 Fidenza #454 sold for US$132,000 Fidenza #25 sold for US$129,000 Fidenza #577 sold for US$123,000 Chromie Squiggle #10 sold for US$91,000 13 Chromie Squiggles sold for roughly US$20,000 Capping off the mega art week was Sotheby’s auction of NFT art grails, all coming from Three Arrows Capital’s previous holdings.\xa0With the auction now completed, we must take a moment to appreciate a BIG HONKIN’ SALE. Ringers #879 (last sold for 1,800 Ether, worth US$5.4 million at the time ) was the grail of the entire lot and now may become world-famous for being the second highest-priced generative art sale ever in U.S. dollar value, but possibly the highest in ETH value at 3,233 ETH. Known as ‘The Goose’ this stand-out output in Dmitri Cherniak’s highly regarded Ringers collection of generative art perfectly highlights the randomness of generative art, and how randomized parameters and code can sometimes form an unexpected image that is unique, beautiful, and iconic. #AuctionUpdate : One of the most important works of post-blockchain generative art, @dmitricherniak ’s Ringers #879 (The Goose) has just sold for $6.2 million, making it the 2nd highest generative art sale of all time. #SothebysGRAILS https://t.co/dKyqxGbAIZ pic.twitter.com/zkxoP21M9e — Sotheby\'s Metaverse (@Sothebysverse) June 15, 2023 Noteworthy Happenings Nike NFTs seem to be coming to Fortnite as soon as next week. Nike’s official Twitter account just teased the ultimate sneaker hunt as Fortnite x Nike Air Max coming on June 20. Story continues On 6.20 the ultimate Sneakerhunt begins. 🏙️🌬️ pic.twitter.com/QgMyA1uXRT — Nike (@Nike) June 16, 2023 Two Rolex watches are being used as collateral for loans after being tokenized as NFTs. This is significant because it’s an obvious use case for NFTs, with the NFT acting as a COA and proof of ownership at the same time. These @ROLEX watches, stored at @4KProtocol , are being used as collateral for DeFi loans on Arcade. Using Real-World Assets (RWAs) like luxury goods on-chain could open up a huge market for DeFi. pic.twitter.com/17JB2R7z6I — Arcade.xyz (@Arcade_xyz) June 14, 2023 A mysterious anon wallet has been on a shopping spree lately, buying over 2,600 ETH worth of Bored Ape Yacht Club, and over 1,500 ETH in other collections including Mutant Ape Yacht Club, Azuki, DeGods, Doodles, Moonbirds, and Pudgy Penguins. Over 2600E ($4,500,000) in BAYC buys over the last 5 days Over 1500E ($2,600,000) spent on other NFTs Over $1,500,000 in freshly staked $APE Meet "FAF", the anonymous max-bidding (and max-staking) whale who is trying to single-handedly save your bags More below pic.twitter.com/PdTiRLVo4i — Cirrus (@CirrusNFT) June 12, 2023 Snoop Dogg has just delivered possibly the best music-related NFT to date. His new NFT called Passport will give holders a behind-the-scenes look at his current tour (updated at each event), free art for holders by Coldie, Terrell Jones, and Alien Queen, and early access to tickets. Think of this as the evolution of a fan club, and priced just like it, at just US$45. Donald Trump’s Trump Digital Trading Cards has begun to accept the collection’s rare “Win Trump Prizes” NFTs to be redeemed and burned in exchange for the prize. Prizes include signed books, gift cards, golf tickets, zoom calls, and even a gala dinner at Trump’s home Mara Lago. On Chain Monkeys completed their mint of 300 Dimensions NFTs as Bitcoin ordinals, and we’re already seeing some significant secondary sales that are north of 1 BTC each. Source: Gamma BoringPunks , while not majorly expensive, saw plenty of money trading hands. The CryptoPunks derivative project minted at 0.01 ETH and found itself quickly reaching a floor price of over 0.16 ETH. Quite the feat in such a down market, with over US$1.7 million in secondary action trading hands. Peep the charts CryptoSlam NFT rankings It has been almost an entirely red week in the top 10 but Ordinals still benefit from being the meta right now, and this is where degens are focusing their time. My prediction that DMarket would shine as the rest of the space fizzles seems to be coming true. Gamers will buy skins, independent of speculation, so it just makes sense for them to be a stable top performer. BoringPunks are the new kid on the block, entering the top 10 with weekly sales that almost mirror real CryptoPunks. But CryptoPunks only needed 17 transactions to do the same sales volume that it took BoringPunks 22,000 to reach. Blockchain NFTs by sales volume Sales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air. Polygon is up almost 10% this week as it’s propelled by DraftKings ’ Golf and Reignmakers UFC. Binance’s LBT liquidity positions as NFTs pushed them into the green, up over 22% in seven days.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $514,113,255,012 - Hash Rate: 364329624.4786604 - Transaction Count: 475252.0 - Unique Addresses: 662278.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Lama Technology Vilnius, Lithuania, May 15, 2023 (GLOBE NEWSWIRE) -- Lama has announced the launch of its crypto-to-fiat debit card, backed by Visa, for their users to spend their digital assets anywhere. Lama, a registered crypto exchange in Europe, will allow new and existing Lama users to select and spend from various digital assets linked to their cards at the point of sale. Residents in EEA countries can register their interests by downloading the Lama app on both Apple and Google Play stores, depositing or withdrawing their crypto, and getting a physical or virtual debit card to spend their assets anywhere. The new Lama Visa card offers seamless on/off ramping between fiat and digital assets for a smoother user experience, eliminating any unnecessary hassles for Lama users. The card will also offer cashback rewards and other benefits, making it a more attractive option than traditional debit cards offered by banks. Lama card holders can fund their Lama accounts using different cryptocurrencies, including BTC, ETH, BNB, BUSD, USDT, USDC, and more. Crypto funds are linked to Visa cards so users can convert to fiat in real-time, connect with their Apple Pay, and spend in any physical or online store. "We are excited to offer our customers a more seamless way of accessing and spending their digital assets. With our crypto debit card, customers can easily use their crypto holdings for everyday transactions without the need for conversion to fiat currency," said Dr. Jocelyn Braun, co-founder & CEO of Lama. Founded in 2021, Lama has already gained thousands of satisfied customers. Lama prides Itself on privacy, security, and compliance, and its ultimate goal is to facilitate and accelerate the adoption of cryptocurrencies on a global scale through its innovative platform. The crypto debit card is available to residents in EEA countries and can be ordered directly from the Lama app. The card will be linked to the customer's digital wallet, allowing them to easily manage their crypto holdings and transactions. Story continues With its crypto debit card issuance, Lama continues to be at the forefront of the crypto revolution in Europe, providing innovative solutions that make crypto more accessible and user-friendly. About Lama Lama is a registered crypto provider offering services for both consumers and businesses. A platform that allows users to pay and receive payments in both fiat and cryptocurrencies and save, store, earn and manage digital currencies through one user-friendly and trustworthy app. CONTACT: Jocelyn Braun Co-founder and CEO Lama Technology hello-at-mylama.eu https://www.mylama.eu/... - Reddit Posts (Sample): [['u/RonPaulWasR1ght', "Theory on what Blackrock is up to with this whole ETF business. They're going to suck up $, get big, then fork off a PoS version of BTC, and direct their holdings into that shipcoin, as well as those of their clients. Then they'll sell BTC and buy the hard forked shipcoin.", 15, '2023-06-17 00:43', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/', 'So, this is what it looks like Blackrock will try to do here. And you guys tell me if I\'m onto something, or if not, set me straight. But in their proposed prospectus, and I\'m paraphrasing here because my posts get taken down if I include certain links....in their prospectus it says that if there\'s a hard fork of BTC, then the ETF management is at liberty to decide which coin(s) to hold and which to divest the ETF of. So...remember the "change the code, not the climate" horseshit that Greenpeace tried a few years back? Well, let\'s put those two together...\n\nWhat if Blackrock brings in all the doctor\'s widows, and encourages them to put their 401ks in the Blackrock Bitcoin spot ETF, and they pump that thing full of several hundred billion $? Not an impossible amount for them, and that would be a huge fraction of the Bitcoin market cap. So then they write some stupid, retarded shipcoin code on Bitcoin Core, and fork it off. To protect the climate and all that crap. \n\nSo then this new shipcoin will have, overnight, like half of what Bitcoin\'s entire market cap used to have. So the price of shipcoin will be quite high all of a sudden. To top it off, Blackrock will then sell their original Bitcoin coins, and buy more shipcoin with the proceeds(after a hard fork they\'ll have one of each coin type). Remember throughout ALL of this, they have quick access to the $ printer if they ever need it. \n\nOnce they\'ve successfully smashed the price of Bitcoin, created enormous volatility in it\'s price, and thorougly demonized it for climate crap reasons, they\'ll move to ban it and carry on with the CBDC and all that. \n\nIt\'s truly a "don\'t beat them, join them and control them" approach. Will it work?', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/', '14ba6gs', [['u/coelectric', 31, '2023-06-17 00:48', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/joeo0se/', 'That\'s cool they can dump BTC for their "Piece Of Shit" coin and I\'ll continue to load up at discount prices.', '14ba6gs'], ['u/chrisxinghua', 16, '2023-06-17 01:07', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/joeq8r7/', "You forget. Everyone has been creating new shipcoins. BTC even forked. There's no ecosystem for it, man. They'll be stuck with a dying bird while BTC rises - and then their investors leave them. Makes way more sense for them to just ride BTC for real, they make money in fees no matter what BTC does.", '14ba6gs']]], ['u/Background_Drink6295', '80% RAM AND 30% CPU USAGE 40% GPU USAGE', 1497, '2023-06-17 01:04', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/', "Kick is legit farming Bitcoin on my computer. Playing CSGO doesn't work my PC this hard lmao?\n\n\n\n$3000 PC btw.", 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/', '14bao6d', [['u/lczy23', 225, '2023-06-17 01:06', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeq7ta/', 'yeah same i aint watching that shit lol', '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 522, '2023-06-17 01:07', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeq9hm/', 'yep. insane PC here too, shit is using 20GB of my 64gb of ram. actual btc miner', '14bao6d'], ['u/Background_Drink6295', 50, '2023-06-17 01:09', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeqhe1/', 'I was also charged twice for my sub', '14bao6d'], ['u/Krait_0601', 18, '2023-06-17 01:13', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joer19t/', '![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/JustSideClimb', 62, '2023-06-17 01:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joerehh/', 'Lol just checked. 84% Ram ![img](emote\|t5_flhe9\|7337)', '14bao6d'], ['u/Alceaus', 35, '2023-06-17 01:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joerh64/', "Stream won't even load for me.", '14bao6d'], ['u/SemenWhal3', 10, '2023-06-17 01:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joerhax/', '![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/Karahx', 14, '2023-06-17 01:28', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joess4v/', 'I always play games while I have him on in the background, I only watch like 30-60 minutes of each stream actively having the stream up. My game(Killing Floor 2) crashed 3 times having the stream on lol.', '14bao6d'], ['u/quote_if_hasan_threw', 359, '2023-06-17 01:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joesyft/', 'Immagine having infinite gamba money to develop an actual decent site and fail catastrophically ![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/stressedfellar', 109, '2023-06-17 01:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joet0eq/', 'lmao I just checked 80% ram, 30% CPU, 20% GPU, +50 million for my juicer though', '14bao6d'], ['u/xJTxD0notPaN1C', 436, '2023-06-17 01:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joet1xu/', 'dumbass paying a millionaire', '14bao6d'], ['u/stressedfellar', 105, '2023-06-17 01:31', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joet2k3/', "actually he's with new gold digger now, make that +25 million", '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 162, '2023-06-17 01:34', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joethhx/', 'they cant even copy paste a website correctly, actually embarrassing', '14bao6d'], ['u/Jgfranco88PkmnGo', 19, '2023-06-17 01:36', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joetqw9/', 'He better cash in that 100 mil check quick!', '14bao6d'], ['u/sataprosenttia', 10, '2023-06-17 01:38', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeu0ii/', 'Gotta get that $100mil back somehow.', '14bao6d'], ['u/_rallen_', 192, '2023-06-17 01:39', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeu3zo/', 'Fucking idiot why would you sub to someone getting paid 100mil lmaooooo', '14bao6d'], ['u/ponyo_impact', 146, '2023-06-17 01:40', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeu92s/', 'literally giving money to someone that just signed a $100,000,000 contract\n\nthanks for letting us all know your a brilliant individual.', '14bao6d'], ['u/Josewx', 40, '2023-06-17 01:42', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeugsc/', 'same, unwatchable, it lags so hard', '14bao6d'], ['u/Illustrious_Risk3732', 23, '2023-06-17 01:44', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeuq79/', "Your not the only one.\n\nMy PC is good and my shit lags with 7TV on or off if I watch YouTube it's ok and the website even lags trying to watch X.", '14bao6d'], ['u/Illustrious_Risk3732', 76, '2023-06-17 01:47', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeuzuf/', '![img](emote\|t5_flhe9\|7340)', '14bao6d'], ['u/Affectionate-Dog-903', 216, '2023-06-17 01:48', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joev6tw/', 'Bro I tried to sign up and I can’t even get past terms and conditions. Doesnt allow me to accept them lol', '14bao6d'], ['u/HuntingViper', 24, '2023-06-17 01:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joevy9i/', "I can't even create an account on this dogshit site", '14bao6d'], ['u/syjosolidum', 87, '2023-06-17 01:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joevysp/', 'Brother the kick app heated up my phone while watching X 💀', '14bao6d'], ['u/ItzNotToby', 55, '2023-06-17 01:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joevz23/', 'im watching the kick stream through someone re streaming it on yt', '14bao6d'], ['u/iamahandsoapmain', 40, '2023-06-17 01:56', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joew3oj/', 'Mr 100 million please take my money surely you need it more than me ![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/SemenWhal3', 65, '2023-06-17 01:56', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joew4pe/', 'imagine actually putting your credentials on there ![img](emote\|t5_flhe9\|7340)', '14bao6d'], ['u/Skepticul', 73, '2023-06-17 01:57', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joew7tp/', 'Kinda what happens when you have thousands of people flocking to a site that in the past has barely had 200k people on it at a single time. Site has crashed multiple times before. Probably will take a few days for it to settle down and hopefully fix the issues.', '14bao6d'], ['u/MuxOnReddit', 11, '2023-06-17 01:58', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joewa9x/', 'I thought I was the only one ![img](emote\|t5_flhe9\|7340)', '14bao6d'], ['u/DroppingPing', 56, '2023-06-17 02:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joex6ha/', 'Not the same at all.', '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 29, '2023-06-17 02:07', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joexehc/', 'kick doesnt have ads dumbass', '14bao6d'], ['u/sebastianfors', 13, '2023-06-17 02:11', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joexxk4/', 'The site is making a request for EVERY emote you post in chat. So it makes like 100 requests a second which is why it does that.', '14bao6d'], ['u/maximum_pizza', 76, '2023-06-17 02:12', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joey261/', "you get something in return there, but with a kick subscription, you ain't getting shit.", '14bao6d'], ['u/zeltrabas', 26, '2023-06-17 02:15', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeyctv/', 'Bro you atleast get Something to eat.', '14bao6d'], ['u/DauntedSoul', 108, '2023-06-17 02:20', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeyxmm/', 'ooo a badge that reads "I\'m mentally deficient". Very enticing.', '14bao6d'], ['u/smd9788', 10, '2023-06-17 02:21', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joez2ob/', 'Holy shit so they actually have no idea how to scale users', '14bao6d'], ['u/ditoaf', 66, '2023-06-17 02:21', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joez3ml/', '\\* hundred millionaire', '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 19, '2023-06-17 02:29', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof011n/', 'instantly move the goalposts, nice one. also, -5.', '14bao6d'], ['u/Sirnyu', 43, '2023-06-17 02:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof057m/', "Might be the dumbest comparison I've ever heard", '14bao6d'], ['u/kaiquan1', 50, '2023-06-17 02:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof06qu/', 'smartest xqc sub', '14bao6d'], ['u/Illustrious_Risk3732', 19, '2023-06-17 02:33', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof0ga7/', '![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/Jeremithiandiah', 17, '2023-06-17 02:37', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof0zej/', 'He just got 100mil what is wrong with you? He has no sun benefits anymore there’s no reason to', '14bao6d'], ['u/Express-Fig-5168', 13, '2023-06-17 02:39', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof18iy/', 'Never seen my anti-malware software working as hard as tonight. ![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/Mateowo', 19, '2023-06-17 02:41', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof1ect/', 'You\'re paying for a product/service in that case. Whenever you sub to x you\'re not paying for anything really. At most, you could say you\'re "supporting" the stream but even that\'s a reach considering your $5 are worth less than pocket change to him lol', '14bao6d'], ['u/glasslulu', 63, '2023-06-17 02:46', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof1zth/', 'I GOT THE HECKIN COSMETIC BADGE THAT YOU PLEBS DONT HAVE. ![img](emote\|t5_flhe9\|7346) DonoTime', '14bao6d'], ['u/Rlycooldudexans', 19, '2023-06-17 02:49', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof2et5/', 'My phone heated up so quick while I had kick on it playing. I turned off my off, was legit worried of how hot it got', '14bao6d'], ['u/Zanderp52', 13, '2023-06-17 02:51', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof2lul/', 'Twitch.tv/betterxqcstream', '14bao6d'], ['u/ImpressiveSet1810', 16, '2023-06-17 03:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof46aq/', 'Spent it all on xqc', '14bao6d'], ['u/Dry-Carpenter5342', 16, '2023-06-17 03:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof46ug/', 'Actual dumbass. Enjoy your 20hrs of gamba streams bozo', '14bao6d'], ['u/okygtot', 11, '2023-06-17 03:14', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof59t7/', 'How?\n\nIm watching on firefox and havent noticed anything and my RAM usage has remained the same', '14bao6d'], ['u/NCCornale', 35, '2023-06-17 03:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof5jfs/', 'im SOO happy for X but at the same time im sad for us viewers man... This shit is genuinely pathetic compared to twitch in terms of viewer experience. Not only is the chat horrendous, it gets paused every 50 milliseconds, and i cant even make an account the site is so chalked.... Shit fuckin sucks man.', '14bao6d'], ['u/handerson15', 99, '2023-06-17 03:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof5krc/', '"you cant do that right now" "gateway crash 505" "you cant do that right now" "you cant do that right now" "gateway crash 505" SCHIZO', '14bao6d'], ['u/TylerStewartYT', 27, '2023-06-17 04:02', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofajrw/', 'Tomfoolery problem with the chat? Tomfoolery problem with the chat? Tomfoolery problem with the chat?', '14bao6d'], ['u/use_vpn_orlozeacount', 11, '2023-06-17 04:03', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofakc0/', 'You actually put your credit card into Kick? Wtf is wrong with you lmaoooo', '14bao6d'], ['u/handerson15', 21, '2023-06-17 04:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofat9a/', 'Btw the dogshit app managed to make me 2 accounts on the same email when i tried to login. How is that even possible', '14bao6d'], ['u/lIlIlIlllIllIlIlllIl', 12, '2023-06-17 04:06', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofaxgn/', 'whats it like being retarded? wanna do an AMA?', '14bao6d'], ['u/Vannine', 13, '2023-06-17 04:11', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofbfj0/', 'yeah, somehow i made multiple accounts with the same name', '14bao6d'], ['u/handerson15', 248, '2023-06-17 04:12', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofbkhq/', "Train bro just give up we know it's you", '14bao6d'], ['u/Mo-TateruX', 28, '2023-06-17 04:36', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofe8e6/', "they are using AWS shouldn't they auto scale and per-usage I'm getting Cloudfalir issue did they miss up with their reverse proxy?", '14bao6d'], ['u/Fiigarooo', 11, '2023-06-17 04:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofg8mg/', 'cant be sarcastic online when theres people who actually think what u said', '14bao6d'], ['u/Massive-Target-5640', 43, '2023-06-17 05:01', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofgsfk/', "Imma be real with you brother. I don't know wtf you just said.", '14bao6d'], ['u/Zooka128', 93, '2023-06-17 05:07', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofhgzw/', "I think it's something to do with chat as well, but Kick seems to lag my internet. On Twitch the chat slows and sends in batches, whereas the continuous feed on Kick not only makes it unusable, but I think it's fucky and causes lag.", '14bao6d'], ['u/m0gwaiiii', 38, '2023-06-17 07:26', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofu6fg/', 'DDOSing yourself KEKW', '14bao6d'], ['u/IamBestWaffle', 52, '2023-06-17 07:48', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofvwzg/', 'omg poor thing \n\n\nits retarded', '14bao6d'], ['u/Avaryr', 31, '2023-06-17 09:12', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jog24ah/', '+ 0.3 Bitcoin Pagman', '14bao6d'], ['u/obi1kenovoitto', 26, '2023-06-17 10:42', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jog86zm/', "Yes it's probably exactly this, they have not had this active of an chat and their chat refresh is nearly constant. Combine that with every emote basically being a gif and you've effectively turned you computer into a heater.\n\nAnd it even seems that if you close chat it still keeps querying those messages", '14bao6d'], ['u/Klientje123', 11, '2023-06-17 11:38', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jogbvca/', "I was about to comment ''this money won't be halved because it was earned after the breakup'' but I forgot about the new girl ![img](emote\|t5_flhe9\|7339)", '14bao6d'], ['u/Readdit2323', 15, '2023-06-17 12:58', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joghhd3/', "Web dev here, this technically isn't possible. A browser tab can only use 2GB of memory before it crashes - this is a hard limit imposed by all major browsers.\n\nYour memory is being used elsewhere, look in the browser memory utilisation not task manager to see this.", '14bao6d'], ['u/MoSummoner', 10, '2023-06-17 16:34', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joh2wq2/', 'Not everyone is dumb like you', '14bao6d']]], ['u/StoryPale', 'US debt reaching an All time high', 38, '2023-06-17 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/', "Well today the US debt hit an All time high of $32 Trillion. Considering that the US passed a bill to increase debt ceiling we can expect this number to increase even more in the coming weeks and months. \n\nConsidering the facts above there is going to be more and more fiat money in the decades coming but it's value is going to be lower and lower. Fed rate hikes are just temporary slow down of this whole proces which can not and won't be stopped.\n\nOn the other hand there is only going to be 21 million BTC ever made. So technically speaking BTC is the superior asset and should only increase in price considering the fundamentals above.\n\nI know we are all here since we believe in bitcoin and crypto in general but I am also interested what is your opinion on this?", 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/', '14bcdbp', [['u/BrocoliAssassin', 20, '2023-06-17 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jof10ao/', "Everyday is a new all time high for debt. \n\nIf it's one thing you can count on going to the moon it's our debt.", '14bcdbp'], ['u/Tasigur1', 81, '2023-06-17 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jof4jsg/', 'Absolute numbers like 32$ trillion are limited in its significance. The Debt to GDP Ratio is more meaningful, cuz we can compare it to other countries.\n\nJapan for example has the highest debt to GDP ratio of all countries with 262%. Number 2 is Venezuela, number 3 is Greece etc.\n\nNumber 7 is interesting, it\'s Singapore 160% \n\nand USA is number 11 with 129%\n\n[The full list is here](https://wisevoter.com/country-rankings/debt-to-gdp-ratio-by-country/#countries-by-debt-to-gdp-ratio)\n\nWhy is this metric important? "The debt to GDP ratio can serve as a metric for evaluating a country’s fiscal health and its level of debt sustainability."\n\nLet\'s add some spicy sauce:\n\nHow Many Times Has the Debt Ceiling Been Raised?\n\nAccording to the U.S. Department of the Treasury, the debt ceiling has been raised, extended, or revised 78 separate times since 1960. This occurred 49 times under Republican presidents and 29 times under Democratic presidents.\n\nSource:\nhttps://www.investopedia.com/terms/d/debt-ceiling.asp\n\nDiscussion: Do you really think the USA will default? Tbh I doubt it, millions of people would lose their jobs and it would lead to a global finacial crisis. Literally doomsday scenario. I hope that we will never have to experience it.\n\nAnd yes OP, BTC is a great tool to fight the fiat nonsense!', '14bcdbp'], ['u/djiboutiiii', 19, '2023-06-17 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jofhcwo/', ' The national debt is meaningless and it’s only used as a political tool to justify bad policy', '14bcdbp'], ['u/antimornings', 19, '2023-06-17 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jofvkjw/', '>\tNumber 7 is interesting, it’s Singapore 160%\n\nSingapore has a high gross debt but 0 net debt. These funds are invested into assets that have a value in excess of the debt. The Singapore government is thus cash flow positive and generally does not borrow to meet its spending obligations, unlike US.', '14bcdbp']]], ['u/Tharsanan', 'Bitcoin value compared to land', 10, '2023-06-17 03:51', 'https://www.reddit.com/r/Bitcoin/comments/14be8ny/bitcoin_value_compared_to_land/', 'I always think about how bitcoin future wd look like. Today I got this idea to calculate how much is 0.1 bitcoin(avrg people hold amt) in land if we assume 21million equal to total usable land in world. After some maty it equals to 12acres, which is not that high. I expected a larger number. The number I used as total usable land is from google. I think the real number wd be even smaller. Now I have questions like maybe we late to the bitcoin game. 🤔', 'https://www.reddit.com/r/Bitcoin/comments/14be8ny/bitcoin_value_compared_to_land/', '14be8ny', [['u/shoegoomba', 14, '2023-06-17 05:24', 'https://www.reddit.com/r/Bitcoin/comments/14be8ny/bitcoin_value_compared_to_land/jofj7so/', "Most people don't have .1 BTC.", '14be8ny']]], ['u/elidevious', "Celsius to Convert Customer 'Altcoins' to BTC and ETH", 75, '2023-06-17 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/', 'This shit is absolutely insane to me. \n\nHonestly, I’m glad all this stuff with the SEC is going down. Customer protection is needed badly in this industry. \n\nOne of the reasons I first got into crypto was for the lawlessness of it all. I was transferring large sums from China, beyond China’s legal limits. And I was doing it for free, often making a profit. It was excellent!\n\nThen in 2021, my dad got phished for 3 BTC. That shit was painful. Self-banking is great in theory, but supposedly, so is communism. \n\nI’ve lived in China for a decade and self-banked for more than 6 years. Both have major problems that can quickly turn into a dystopia. \n\nI love this industry. I believe Web3 is the future of the internet. I think we should all be rewarded fairly for our contributions. \n\nI also think scammers should be punished. And disempowered victims should be vindicated. \n\nI know regulation feels like we’ll just get fucked again, and in some ways we definitely will. But the free reign of thieves and assholes needs legal controls, in my opinion. \n\nhttps://news.bitcoin.com/token-sale-ahead-celsius-to-convert-customer-altcoins-to-btc-and-eth/', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/', '14bemik', [['u/middlemangv', 43, '2023-06-17 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofbmau/', 'They should just return assets to their users . Just return the money (coins) bro.', '14bemik'], ['u/Onnimation', 23, '2023-06-17 04:24', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofcyel/', '"Judge rules that $4.2bn of crypto deposited by customers to Celsius belongs to the estate, not the users." \n\nCourt agrees: fuck you; not your keys, not your coins!', '14bemik'], ['u/Iphone17promax', 16, '2023-06-17 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofd90c/', 'That was an option before they filed for bankruptcy but not anymore.', '14bemik'], ['u/cashpig000', 16, '2023-06-17 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofpqaa/', 'Why not just give back to customers? What a shitshow of a company.', '14bemik']]], ['u/KnowledgeNew4782', 'Scammer or am I crazy?', 22, '2023-06-17 04:25', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/', 'When a text thread suddenly disappears from your telegram what does that mean? First time using it for this & i vetted the guy seemed legit asf! Posted here consistently & commented. I thought he was about legit business, in the back of my head there’s always a fear of getting scammed so I only sent 250$ via bitcoin. He asked for my shipping information & everything was cool. Said he’d hit me back with tracking next day, now everything is gone??? Wtf! But it doesn’t look like im necessarily blocked? Maybe he did auto destruct? Im trying to convince myself but am I bugging or safe to say i got scammed? It fucking sucks dealing with this shit. I just wanna buy pills dude.', 'https://www.reddit.com/gallery/14bexno', '14bexno', [['u/drugs_dot_com', 33, '2023-06-17 04:50', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/joffouv/', 'Don’t fall for anything online other than on the dark net, your best bet is to ask around until you find a good dealer irl', '14bexno'], ['u/KnowledgeNew4782', 10, '2023-06-17 05:11', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofhuf1/', 'I moved to the big apple from a small little town in west bubble, im not plugged in bro', '14bexno'], ['u/Gambleanddodrugs', 16, '2023-06-17 05:17', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofigpc/', 'Take the midnight train going anywhere', '14bexno'], ['u/drugs_dot_com', 16, '2023-06-17 06:19', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofodo1/', 'You’re in a large city with thousands of drug dealers. It’s not going to take more than a day of looking to find a dealer for yourself', '14bexno'], ['u/MrPackz', 20, '2023-06-17 06:23', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofoqwd/', '100% scammed sorry to hear, a lot of small minded people run off with crumbs when they could make loafs if the long run with good biz. Sad they ruin it for the good ones', '14bexno'], ['u/postmodern_diogenes', 14, '2023-06-17 07:02', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofs7fg/', 'There’s actually a lot of legitimate vendors on certain clear net apps(not here lmao) you just have to get in the right circles.', '14bexno']]], ['u/khubu_chan', 'Phishing - Advice needed', 64, '2023-06-17 05:17', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/', "A friend got phished of ~4L, she doesn’t have enough Karma points to post here so posting on her behalf. \n\nEdit: I guess I have to explicitly spell it out, please don't add any anecdotal word vomit in comments. Some folks here seem to have the whole 'holier-than-thou' attitude,'I would never fall for this, HAHA'. Not really helpful on a post where someone is looking for genuine advice. Don't be a jerk!\n\n\n“On 1st June I got an IVR call from FedEx on 1st June where they told me that one of my parcel is pending from Mumbai to Taiwan, Upon moving to helpline number through the same IVR, the executive told me that the parcel contains numerous articles including 150 gms MDMA and because of the MDMA, the parcel has been put on hold. Further the executive connected me to the nearest police station. Police asked me to connect through Skype where they forced me to keep my camera on. Then police took my details and further connected me to the cyber cell and cyber cell told me that some unauthorized transactions (ie money laundering) is happening in my account through Bitcoin. Some bank officials are also involved, because they first do transactions then the bank officials delete those transactions, hence common people don't get to know. Then they connected me to finance team where they told me to back track the account numbers through which fraudulent transactions are happening you have to do a code transaction of INR 98426 and it will reflect back in your bank account in 1 hour. Then they asked me to do one more transaction of the same amount. Then third transaction of INR 211914.\n\nWhen they asked me to do a fourth transaction of INR 253416 then I didn't do and cut the call. I then after 2 hours filed cyber crime report online, followed by police FIR in Bisrakh Thana in Greater Noida West the following morning and reported to banks and Gpay. 2 transactions were from Gpay and 1 from mbanking. 1Gpay and 1 mbanking transaction from ICICI bank ie my savings account and 1 transaction from HDFC bank ie my current account.\n\nLater on 3rd June, the cyber cell was able to retrieve INR 94410 and I called up cyber cell helpline to ask the process to get the money back in my bank account, they told me to contact the local police station to extract the money. I contacted the same police station to know the process. They told me to hire a lawyer and get a court order stating to release the money. Later I contacted 3 lawyers and all of them told me the same thing that it is a State vs Police case, no civilian can go upto the court and ask for a court order.”\n\nWhat is this court order ? And is this an excuse by the Police ? What are her options here ?", 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/', '14bfy1q', [['u/Legitimate_Meat8166', 12, '2023-06-17 05:31', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofjvje/', 'Who falls for this kind of scam. Nowadays people lack basic common sense', '14bfy1q'], ['u/pappu_chala_chappu', 27, '2023-06-17 07:42', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofvh8a/', 'Are you even sure that it was police that took money from you??? If not, how is this a state vs police case? Seems like an advanced level Jamtara nonsense to me. I hope some solution comes out soon.', '14bfy1q'], ['u/PizzaOpen9340', 12, '2023-06-17 07:51', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofw5g3/', "People don't have financial literacy, and the level of authenticity these frauds are resorting to makes at least 2-5 people out of the hundreds they call , fall for the scam", '14bfy1q'], ['u/arjunk87', 27, '2023-06-17 08:27', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofyv8f/', "I follow the one golden rule. Never send money to a stranger no matter what they tell us. If he is Police, let him prosecute/arrest after filing charges. That should not be the worry. Once money goes it's hard or impossible to retrieve. Why would he ask to send money? Basic common sense is required.", '14bfy1q'], ['u/Regptilian', 10, '2023-06-17 12:38', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jogg0id/', 'To clarify, no real Police were ever involved in this scam. This a very sophisticated scam where con artists pretend to be Fedex employees or Police. They have setup an automated voice call and whoever presses 1 gets redirected to a real person and the scam starts.\n\nI had also received the same call and they told me the package had Weed and some other things in it. A simple google search "Fedex Scam" confirmed that this was fake and when i confronted them and threatened to report to Cyber Police, they quietly disconnected. These calls come from a 9 digit indian number.\n\nYou should inform your lawyers about this and get you case realigned with this though I am not sure how much this will help.', '14bfy1q']]], ['u/scottonfire', 'history repeating itself? Blackrock BTC ETF...', 73, '2023-06-17 05:36', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/', "Gold prices have been manipulated for years. Okay, spoofing, but the real rub, I think, has been the ETF. ETF's are easy. I own some gold etf, so what is that? It's PAPER gold. So at first everyone buys the ETF and Blackrock will supposedly have to buy Bitcoin. So Bitcoin custody's Bitcoin and you buy paper. From there, manipulation. How? I don't know all their dirty tricks, but the futures market may come into play. Any insight would help, but I am NOT in favor of this ETF for Bitcoin's long-term potential.", 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/', '14bgb2u', [['u/Encid', 22, '2023-06-17 05:43', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofl1fd/', 'As long as it is one to one, and there is a protocol for proof of reserves every 6months or so, I don’t see a problem, it will open the flood gates to institutional investors and provide regulatory frame work.\n\nCanada already has bitcoin ETFs and they work just fine, they are even insured by CDIC through the brokerage.', '14bgb2u'], ['u/TrevReznik', 32, '2023-06-17 05:46', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/joflcm3/', 'The thing about Bitcoin is anyone can buy it and custody it. Putin can hold bitcoin, you can hold bitcoin and yes even Blackrock can hold bitcoin.', '14bgb2u'], ['u/modpr0be', 17, '2023-06-17 06:00', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofmpmv/', 'They know the halving is near, so they play ETF and put it all bet on futures.', '14bgb2u'], ['u/doug5209', 10, '2023-06-17 07:24', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofu0d9/', 'I tend to believe that a spot ETF would be good for bitcoin. Anything with a fixed supply and increased demand rises in value, and Blackrock getting this approved will definitely excelerate demand. Could there be some price manipulation, possibly. However, I believe the good far outweighs the potential dangers here.', '14bgb2u'], ['u/clue5tick', 10, '2023-06-17 07:29', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofuef3/', 'You can hold Bitcoin only if you keep the keys.', '14bgb2u'], ['u/SooDamLucky', 46, '2023-06-17 08:45', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog05rj/', 'Wouldn’t all of Blackrock’s BTC transactions for a spot ETF be visible on the blockchain? IOW, couldn’t they be somewhat publicly audited to prevent the type of manipulation that occurred with a gold ETF?', '14bgb2u'], ['u/adelaide_astroguy', 16, '2023-06-17 09:21', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog2roc/', 'They just appear as coinbase', '14bgb2u'], ['u/road22', 10, '2023-06-17 09:27', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog353c/', 'There are 2 sides to the equation. Sure Blackrock can show their allocated BTC wallet on coinsbase. But will they show the real number of clients they have or holdings? Will they change the minimum amount of BTC withdrawals to 100 coins?', '14bgb2u'], ['u/DaBTCStd10yrs', 11, '2023-06-17 09:31', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog3gc9/', 'yeah, I believe that why the guy said "BlackRock holds", not BlackRock\'s investors', '14bgb2u']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, June 17, 2023', 27, '2023-06-17 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/', '14bgrg2', [['u/AcheInMyLeftEar', 11, '2023-06-17 07:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jofvtgc/', 'Things look alright, all things considered...plenty of room in both directions without crazy pain.', '14bgrg2'], ['u/BurtGummersHat', 16, '2023-06-17 07:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jofwnpx/', 'Late night musings: if Blackrock ETF gets approved, it has to at least be a part of your portfolio, right? Seems like a great thing to throw in a Roth and let ride, while also hedging with actual BTC.', '14bgrg2'], ['u/BurtGummersHat', 11, '2023-06-17 10:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jog714k/', "I mean, I honestly assume they have a back channel hand shake agreement anyway ala Billions or Succession. I don't think it's any coincidence how the timing played out.\n\nEven without any future interests in BTC, it seems like a no brainer, at least initially. Giving the masses a Blackrock ETF for that Bitcoin thingy? Straight gains.", '14bgrg2'], ['u/diydude2', 13, '2023-06-17 12:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogezb6/', 'All I know is that if Grayscale does not win its suit and Blackrock gets approved, there is no such thing as anything resembling justice in this world.', '14bgrg2'], ['u/NLNico', 10, '2023-06-17 13:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogltd6/', 'Yeah that was epic lol, def in top 10 trading memories. Even though I forgot if I profited or lost on it, just remember the unrealised PNL went crazy lol. Thanks for sharing.', '14bgrg2'], ['u/Outrageous-Net-7164', 11, '2023-06-17 15:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogwl7h/', 'Why am I suddenly getting loads of only fans birds messaging me in here ? Anyway of blocking this this ? \n\nMost are rotters too !', '14bgrg2'], ['u/imissusenet', 17, '2023-06-17 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogx2z3/', "Pre-shower thought:\n\nBlackrock ETF approval would be bad news for MSTR as an ETF proxy.\n\nPoint and Figure Update\n\nThe chart I maintain using Coinbase data has broken the downtrend line:\n\n[https://imgur.com/a/6rFmZZ9](https://imgur.com/a/6rFmZZ9)\n\nThe [Stockcharts.com](https://Stockcharts.com) chart hasn't yet:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR[PA][D][F1!3!1.0!!0!20])\n\nHappy Father's Day to those who sewed their wild oats and didn't experience crop failure.", '14bgrg2']]], ['u/rBitcoinMod', 'Daily Discussion, June 17, 2023', 33, '2023-06-17 08:06', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/', '14bj1hw', [['u/BitcoinMoonLanding', 13, '2023-06-17 08:08', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/jofxfqh/', 'To the moon.', '14bj1hw'], ['u/Dizzy_Space_Invader', 10, '2023-06-17 08:19', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/jofybev/', 'Big institutions now hoovering up the Bitcoin dropped by the lettuce hands.', '14bj1hw'], ['u/NectarineDirect936', 13, '2023-06-17 10:05', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/jog5rjy/', 'Not me, fast forwarded my dca actually', '14bj1hw'], ['u/Totallynotfakenews', 25, '2023-06-17 19:18', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/johnxnr/', 'PSA: This subreddit’s membership is pumping unnaturally. In the next few months there could be some push for a hard fork or to abandon self custody. Remember there is no consensus online. The only consensus you should pay attention to is the Bitcoin blockchain.', '14bj1hw']]], ['u/Xotiah', 'how to put the bitcoin in the calculator?', 33, '2023-06-17 08:24', 'https://www.reddit.com/r/Bitcoin/comments/14bjcsf/how_to_put_the_bitcoin_in_the_calculator/', '🤷\u200d♂️', 'https://i.redd.it/c8w1szzoui6b1.jpg', '14bjcsf', [['u/Nemozoli', 10, '2023-06-17 11:48', 'https://www.reddit.com/r/Bitcoin/comments/14bjcsf/how_to_put_the_bitcoin_in_the_calculator/jogcj7f/', 'making 5V from 9V, so both are correct', '14bjcsf']]], ['u/Suspicious-Local-901', 'Some nice literature while travelling', 29, '2023-06-17 09:01', 'https://www.reddit.com/r/Bitcoin/comments/14bk10y/some_nice_literature_while_travelling/', 'For my Dutch Bitcoiners. I can only recommend this one.\nSpecially for the beginners.', 'https://i.redd.it/ski0e62h1j6b1.jpg', '14bk10y', [['u/Technical-Land3714', 10, '2023-06-17 10:13', 'https://www.reddit.com/r/Bitcoin/comments/14bk10y/some_nice_literature_while_travelling/jog6a96/', 'All of them are centralized scams, keep your wealth completely decentralized, which means Bitcoin for clarification cause that’s obviously needed, or get scammed.', '14bk10y'], ['u/Verallendingen', 16, '2023-06-17 10:36', 'https://www.reddit.com/r/Bitcoin/comments/14bk10y/some_nice_literature_while_travelling/jog7tt9/', 'bitcoin only.', '14bk10y']]], ['u/PelotonMod', '[Race Thread] 2023 Tour de Suisse - Stage 7 (2.UWT)', 28, '2023-06-17 10:01', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/', '\n\| Date \| From > To \| Length \| Profile \| Finish \| Time \|\n\|-\|-\|-\|-\|-\|-\|-\|\n\|June 17th\|[Tübach - Weinfelden](https://imgur.com/VhEF19L) \|179.8 km \|[Medium mountains](https://imgur.com/BtcADY4)\|Flat\| 12:15 - 16:35 [CEST](http://www.timebie.com/std/brussels.php?q=16)\|\n\n\|\|\|\n\|-\|-\|\n\|Information\| [Official Site](https://www.tourdesuisse.ch/en/) / [Startlist FC](https://firstcycling.com/race.php?r=16&y=2023&k=8) \n\|Social Media\|[Instagram](https://www.instagram.com/tourdesuisse_official/) / [Twitter](https://twitter.com/tds)\n\|Previews\|?\n\|TV & Streams\| Eurosport/GCN+ at 14:35 CEST\n---\n* For a live chat way to discuss/follow the race we [have a discord too](https://discord.gg/RgBftaX)!', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/', '14bl30b', [['u/leobog', 31, '2023-06-17 10:15', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jog6gik/', 'Both Bahrain Victorious and Tudor Teams DNS\n\nhttps://twitter.com/BHRVictorious/status/1669933809830117376?cxt=HHwWgIC21fn85awuAAAA\n\nhttps://twitter.com/TudorProCycling/status/1669953378443575297?cxt=HHwWgoC-mf_v7qwuAAAA', '14bl30b'], ['u/searchhhh', 22, '2023-06-17 10:32', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jog7kfz/', 'ICW as well\n\nhttps://twitter.com/IntermarcheCW/status/1669980493947781120', '14bl30b'], ['u/Heavy_Mycologist_104', 20, '2023-06-17 10:33', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jog7lqd/', 'Intermarche also have withdrawn', '14bl30b'], ['u/epi_counts', 22, '2023-06-17 11:18', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogaluz/', "It's what other races have done. Though just the existence of a whole list of races that have had to make the same decision is even more sad.", '14bl30b'], ['u/woogeroo', 19, '2023-06-17 11:19', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/joganoj/', 'There are mountain descents elsewhere on the course that are raced, I don’t see what difference it makes at all skipping the final one. \n\nDescending is a part of cycling, and a big advantage for some riders like Ayuso, Pidcock, can’t just remove it. \n\nIt’s a reactionary safety theatre that will make zero difference in the long run.', '14bl30b'], ['u/TheRollingJones', 18, '2023-06-17 11:20', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogar83/', 'I think the best way to proceed is to listen to Gino’s family and to the majority of the peloton. Seems like they chose to race.', '14bl30b'], ['u/Jadenindubai', 33, '2023-06-17 11:22', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogatwp/', "After consultation with the PCP we confirm the following for today's stage:\n- race will happen as planned on normal course and with the normal schedule\n- it's a race\n- time for GC will be taken at the 25km mark\n- no bonus seconds will be awarded at the Tissot sprints\n- no bonus seconds will be awarded at the finish line\n- all other classification will be raced as normal.\n\nThis is the final decision on the topic. Thank you for your cooperation und understanding.\n\nWishing you a good race.\n\nPCS reporting this", '14bl30b'], ['u/woogeroo', 19, '2023-06-17 11:24', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogb0ig/', 'At this point has there been any analysis of the crash site that would indicate the roads or course in general is unsafe? \n\nOtherwise, arbitrary changes “for safety” may have unforeseen consequences and aren’t based on any evidence. \n\nI fully respect the riders not wanting to ride or push it downhill, not really clear how this helps.', '14bl30b'], ['u/zyygh', 54, '2023-06-17 11:25', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogb31q/', 'A positive thing here is that there seems to be tolerance across the board for how each individual deals with such tragedy.\n\nMany ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Gryphon adds another experienced premier bitcoin mining CFO LAS VEGAS , June 18, 2023 /PRNewswire-PRWeb/ -- Gryphon Digital Mining, Inc. ("Gryphon," "Gryphon Mining," or the "Company") today announced Sim Salzman as its newly appointed Chief Financial Officer. Sim\'s history includes the CFO role at Marathon Digital Holdings, ("Marathon") which grew its market cap from $500 million to approximately $8 billion within Sim\'s first 12 months. Mr. Salzman brings over 20 years of experience in public and private accounting serving clients in a variety of industries, including bitcoin mining. Sim spent over two years at Marathon where he led the finance function as its Chief Financial Officer and Chief Accounting Officer. Prior to Marathon, Sim held CFO roles for various companies including the Las Vegas Monorail Company. Sim also has extensive experience in senior auditor roles at BDO US and RSM US. Sim holds a BS in Accounting and a BA in Criminal Justice from the University of Maryland . "The public bitcoin mining space is only a few years old and experienced executives who have successfully navigated the companies within it are rare." said Rob Chang , CEO of Gryphon Digital Mining. "With Sim we are delighted to add another experienced CFO from a significant publicly traded bitcoin miner to add to our blue-chip team." Investors can learn more about Gryphon by visiting https://gryphondigitalmining.com/ and following it on Twitter @GryphonMining . About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid. With a talented leadership team coming from globally recognized brands, Gryphon is assembling thought leaders to improve digital asset network infrastructure. Its Bitcoin mining operation has a net carbon-negative strategy. More information is available on https://gryphondigitalmining.com/ . Story continues Additional Information and Where to Find It This communication may be deemed to be solicitation material with respect to the proposed transactions between Akerna and Gryphon and between Akerna and MJ Acquisition Co. In connection with the proposed transactions, Akerna has filed relevant materials with the United States Securities and Exchange Commission, or the SEC, including a registration statement on Form S-4 that contains a prospectus and a proxy statement. Akerna will mail the proxy statement/prospectus to the Akerna stockholders, and the securities may not be sold or exchanged until the registration statement becomes effective. Investors and securityholders of Akerna and Gryphon are urged to read these materials because they will contain important information about Akerna, Gryphon and the proposed transactions. This communication is not a substitute for the registration statement, definitive proxy statement/prospectus or any other documents that Akerna may file with the SEC or send to securityholders in connection with the proposed transactions. Investors and security holders may obtain free copies of the documents filed with the SEC on Akerna\'s website at http://www.akerna.com , on the SEC\'s website at http://www.sec.gov or by directing a request to Akerna\'s Investor Relations at (516) 419-9915. This communication is not a proxy statement or a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transactions, and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Participants in the Solicitation Each of Akerna, Gryphon, MJ Acquisition Co. and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Akerna in connection with the proposed transactions. Information about the executive officers and directors of Akerna is set forth in Akerna\'s Definitive Proxy Statement on Schedule 14A relating to the 2022 Annual Meeting of Stockholders, filed with the SEC on April 19, 2022 . Other information regarding the interests of such individuals, who may be deemed to be participants in the solicitation of proxies for the stockholders of Akerna, is set forth in the proxy statement/prospectus included in Akerna\'s registration statement on Form S-4. You may obtain free copies of these documents as described above. Cautionary Statements Regarding Forward-Looking Statements This press release contains forward-looking statements based upon the current expectations of Gryphon and Akerna. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (i) the risk that the conditions to the closing of the proposed transactions are not satisfied, including the failure to timely obtain stockholder approval for the transactions, if at all; (ii) uncertainties as to the timing of the consummation of the proposed transactions and the ability of each of Akerna, Gryphon and MJ Acquisition Co. to consummate the proposed merger or asset sale, as applicable; (iii) risks related to Akerna\'s ability to manage its operating expenses and its expenses associated with the proposed transactions pending closing; (iv) risks related to the failure or delay in obtaining required approvals from any governmental or quasi-governmental entity necessary to consummate the proposed transactions; (v) the risk that as a result of adjustments to the exchange ratio, Akerna stockholders and Gryphon stockholders could own more or less of the combined company than is currently anticipated; (vi) risks related to the market price of Akerna\'s common stock relative to the exchange ratio; (vii) unexpected costs, charges or expenses resulting from either or both of the proposed transactions; (viii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transactions; (ix) risks related to the inability of the combined company to obtain sufficient additional capital to continue to advance its business plan; and (x) risks associated with the possible failure to realize certain anticipated benefits of the proposed transactions, including with respect to future financial and operating results. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section titled "Risk Factors" in Akerna\'s Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 , each filed with the SEC, and in other filings that Akerna makes and will make with the SEC in connection with the proposed transactions, including the proxy statement/prospectus described under "Additional Information and Where to Find It." You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. Except as required by law, Akerna and Gryphon expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. Media Contact Rob Chang , Gryphon Digital Mining, (877) 646-3374, [email protected] SOURCE Gryphon Digital Mining', 'Gryphon adds another experienced premier bitcoin mining CFO LAS VEGAS , June 18, 2023 /PRNewswire-PRWeb/ -- Gryphon Digital Mining, Inc. ("Gryphon," "Gryphon Mining," or the "Company") today announced Sim Salzman as its newly appointed Chief Financial Officer. Sim\'s history includes the CFO role at Marathon Digital Holdings, ("Marathon") which grew its market cap from $500 million to approximately $8 billion within Sim\'s first 12 months. Mr. Salzman brings over 20 years of experience in public and private accounting serving clients in a variety of industries, including bitcoin mining. Sim spent over two years at Marathon where he led the finance function as its Chief Financial Officer and Chief Accounting Officer. Prior to Marathon, Sim held CFO roles for various companies including the Las Vegas Monorail Company. Sim also has extensive experience in senior auditor roles at BDO US and RSM US. Sim holds a BS in Accounting and a BA in Criminal Justice from the University of Maryland . "The public bitcoin mining space is only a few years old and experienced executives who have successfully navigated the companies within it are rare." said Rob Chang , CEO of Gryphon Digital Mining. "With Sim we are delighted to add another experienced CFO from a significant publicly traded bitcoin miner to add to our blue-chip team." Investors can learn more about Gryphon by visiting https://gryphondigitalmining.com/ and following it on Twitter @GryphonMining . About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid. With a talented leadership team coming from globally recognized brands, Gryphon is assembling thought leaders to improve digital asset network infrastructure. Its Bitcoin mining operation has a net carbon-negative strategy. More information is available on https://gryphondigitalmining.com/ . Story continues Additional Information and Where to Find It This communication may be deemed to be solicitation material with respect to the proposed transactions between Akerna and Gryphon and between Akerna and MJ Acquisition Co. In connection with the proposed transactions, Akerna has filed relevant materials with the United States Securities and Exchange Commission, or the SEC, including a registration statement on Form S-4 that contains a prospectus and a proxy statement. Akerna will mail the proxy statement/prospectus to the Akerna stockholders, and the securities may not be sold or exchanged until the registration statement becomes effective. Investors and securityholders of Akerna and Gryphon are urged to read these materials because they will contain important information about Akerna, Gryphon and the proposed transactions. This communication is not a substitute for the registration statement, definitive proxy statement/prospectus or any other documents that Akerna may file with the SEC or send to securityholders in connection with the proposed transactions. Investors and security holders may obtain free copies of the documents filed with the SEC on Akerna\'s website at http://www.akerna.com , on the SEC\'s website at http://www.sec.gov or by directing a request to Akerna\'s Investor Relations at (516) 419-9915. This communication is not a proxy statement or a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transactions, and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Participants in the Solicitation Each of Akerna, Gryphon, MJ Acquisition Co. and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Akerna in connection with the proposed transactions. Information about the executive officers and directors of Akerna is set forth in Akerna\'s Definitive Proxy Statement on Schedule 14A relating to the 2022 Annual Meeting of Stockholders, filed with the SEC on April 19, 2022 . Other information regarding the interests of such individuals, who may be deemed to be participants in the solicitation of proxies for the stockholders of Akerna, is set forth in the proxy statement/prospectus included in Akerna\'s registration statement on Form S-4. You may obtain free copies of these documents as described above. Cautionary Statements Regarding Forward-Looking Statements This press release contains forward-looking statements based upon the current expectations of Gryphon and Akerna. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (i) the risk that the conditions to the closing of the proposed transactions are not satisfied, including the failure to timely obtain stockholder approval for the transactions, if at all; (ii) uncertainties as to the timing of the consummation of the proposed transactions and the ability of each of Akerna, Gryphon and MJ Acquisition Co. to consummate the proposed merger or asset sale, as applicable; (iii) risks related to Akerna\'s ability to manage its operating expenses and its expenses associated with the proposed transactions pending closing; (iv) risks related to the failure or delay in obtaining required approvals from any governmental or quasi-governmental entity necessary to consummate the proposed transactions; (v) the risk that as a result of adjustments to the exchange ratio, Akerna stockholders and Gryphon stockholders could own more or less of the combined company than is currently anticipated; (vi) risks related to the market price of Akerna\'s common stock relative to the exchange ratio; (vii) unexpected costs, charges or expenses resulting from either or both of the proposed transactions; (viii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transactions; (ix) risks related to the inability of the combined company to obtain sufficient additional capital to continue to advance its business plan; and (x) risks associated with the possible failure to realize certain anticipated benefits of the proposed transactions, including with respect to future financial and operating results. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section titled "Risk Factors" in Akerna\'s Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 , each filed with the SEC, and in other filings that Akerna makes and will make with the SEC in connection with the proposed transactions, including the proxy statement/prospectus described under "Additional Information and Where to Find It." You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. Except as required by law, Akerna and Gryphon expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. Media Contact Rob Chang , Gryphon Digital Mining, (877) 646-3374, [email protected] SOURCE Gryphon Digital Mining', 'Crypto marketsrecovereda tad this week on news that U.S. inflation appears to have cooled off. General clamor continued on Twitter over the Securities and Exchange Commission’s (SEC) crackdown of the sector, in which the regulator filed two high-profile lawsuits against exchange titans Coinbase and Binance last week.\nOn Monday, Fox journalist Eleanor Terrett shared a transcription of remarks by SEC Chair Gary Gensler, who maintains that cryptocurrencies can be regulated under existing securities laws.\nMany in the industry say Gensler is disingenuous for implying that it’s easy to register with the SEC. Gemini co-founder Cameron Winklevoss says Gensler is full of hot air.\nMonday kicked off a critical 36 hours for crypto, according to Web3 law expert MetaLawMan.\nThat morning, Rep. Warren Davidson (R-Ohio) tweeted about a new SEC reform bill that he’d created with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has oftenblastedGensler for driving the industry offshore through heavy handed enforcement actions.\nU.S. regulators are getting stablecoins so wrong, tweeted venture capitalist and Bitcoin fan Nic Carter.\nThat day, Messari founder and CEO Ryan Selkis shared some incriminating footage of Gary Gensler.\nOn Tuesday, blockchain publishing protocol LBRY appeared to throw Ethereum under the bus.\nCrypto researcher Molly White spent the morning fending off some incompetent Bitcoin maxis.\nCoinbase’s Chief Legal Officer Paul Grewal vented his disappointment with the SEC’s intransigence during a recent courtroom skirmish in which the exchange appealed to the court to (again) ask the regulator to clarify its rules on crypto.\nFormer Twitter co-founder and now Block CEO Jack Dorsey believes Bitcoin has a place in Apple’s App Store.\nBy midweek heat was coming at the SEC from all angles. The Republicans of the U.S. House Committee on Financial Services issued a sharp letter opposing the SEC’s proposal to amend the definition of "exchange."\nOne of the strange subplots running through the news this week was the emergence of Prometheum, a company with obscure origins that few had ever heard about before, but that now has the ear of Congress, where it is apparently listened to as the voice of sensible [read: SEC–flattering] compliance. Venture capitalist Matt Walsh wrote a brilliant and lengthy thread covering the main points.\nRipple’s Chief Legal Officer Stuart Alderoty thought he saw a Percy Bysshe Shelly reference in the name. However, the nineteenth century poem he refers to here is calledPrometheus Unbound, and the mythic subtext he summarizes is actually from the Greek myth of Prometheus, the titan that stole fire from the gods to give to humanity.\nCameron Winkevoss’s twin and fellow Gemini co founder Tyler Winklevoss says that Prometheum offers a model for getting on Gensler’s good side.', 'Illustration by Mitchell Preffer for Decrypt Crypto markets recovered a tad this week on news that U.S. inflation appears to have cooled off. General clamor continued on Twitter over the Securities and Exchange Commission’s (SEC) crackdown of the sector, in which the regulator filed two high-profile lawsuits against exchange titans Coinbase and Binance last week. On Monday, Fox journalist Eleanor Terrett shared a transcription of remarks by SEC Chair Gary Gensler, who maintains that cryptocurrencies can be regulated under existing securities laws. 🚨NEW: @SECGov Chairman @GaryGensler ’s remarks before the Piper Sandler Global Exchange & Fintech Conference. “I disagree with the notion- and recent history disproves it -that crypto intermediary compliance isn\'t possible.” Full speech in link 👇🏼 https://t.co/QCEsQ1Ar6Y pic.twitter.com/tAiwudaAmT — Eleanor Terrett (@EleanorTerrett) June 12, 2023 Many in the industry say Gensler is disingenuous for implying that it’s easy to register with the SEC. Gemini co-founder Cameron Winklevoss says Gensler is full of hot air. A 10 year-long registration process with no end in sight! https://t.co/CfdNbsNoFe — Cameron Winklevoss (@cameron) June 11, 2023 Monday kicked off a critical 36 hours for crypto, according to Web3 law expert MetaLawMan. The next 36 hrs will be critical for crypto. Today 5 pm: @Binance files its opposition to SEC\'s motion for order freezing assets of @BinanceUS Tomorrow 2 pm: Hearing on SEC\'s motion to freeze assets Tomorrow (sometime): Release of summary judgment exhibits (including Hinman… — MetaLawMan (@MetaLawMan) June 12, 2023 That morning, Rep. Warren Davidson (R-Ohio) tweeted about a new SEC reform bill that he’d created with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has often blasted Gensler for driving the industry offshore through heavy handed enforcement actions. Story continues @GOPMajorityWhip Tom Emmer joined me in this critical fight to protect our markets: “American investors and industry deserve clear and consistent oversight, not political gamesmanship. The SEC Stabilization Act will make common-sense changes to ensure that the SEC’s priorities… — Warren Davidson 🇺🇸 (@WarrenDavidson) June 12, 2023 U.S. regulators are getting stablecoins so wrong, tweeted venture capitalist and Bitcoin fan Nic Carter. US crypto policy in one chart: Since Jan 1 2023, USDT supply is up $16.7b, USDC supply is down $14b. US policymakers have successfully pushed investors out of onshore, regulated stables, into offshore, unregulated stables. Biggest self-own in recent memory. pic.twitter.com/DEKb050DuQ — nic 🌠 carter (@nic__carter) June 12, 2023 That day, Messari founder and CEO Ryan Selkis shared some incriminating footage of Gary Gensler. Chair Gensler in 2018 at a Bloomberg conference in NYC: “Bitcoin. Ether. Litecoin. Bitcoin Cash. Why did I name those four? They’re not securities.” What’s Goldman Gary going to say about this one? Deep fake? pic.twitter.com/p7DJlYkJIt — Ryan Selkis 🪳 (@twobitidiot) June 12, 2023 On Tuesday, blockchain publishing protocol LBRY appeared to throw Ethereum under the bus. Really regretting that we didn\'t bribe the SEC like Ethereum did. If you get the chance to bribe government officials, please do it. It\'s worth every penny. — LBRY 🚀 (@LBRYcom) June 13, 2023 Crypto researcher Molly White spent the morning fending off some incompetent Bitcoin maxis. out of the two bitcoiners who tried to attack me this morning, one of them couldn\'t figure out who pays me even though i disclose it everywhere, and the other somehow mistook me for a "web3 shitcoin scamm[er]" pic.twitter.com/bZtXWuJZk3 — Molly White (@molly0xFFF) June 13, 2023 Coinbase’s Chief Legal Officer Paul Grewal vented his disappointment with the SEC’s intransigence during a recent courtroom skirmish in which the exchange appealed to the court to (again) ask the regulator to clarify its rules on crypto. 4) they ignore the clear statements of the Chair that confirm they have no intent to issue new rules, and instead conflate the evidence of a decision those statements provide with an argument that the statements are themselves a decision. 3/5 — paulgrewal.eth (@iampaulgrewal) June 13, 2023 Former Twitter co-founder and now Block CEO Jack Dorsey believes Bitcoin has a place in Apple’s App Store. Facts. Apple building on and with bitcoin would benefit their company immensely. Apple has been so great at taking early technologies and protocols and making them easy for everyone. I hope they are considering this one deeply. I imagine they are. https://t.co/vS664iySYv — jack (@jack) June 13, 2023 By midweek heat was coming at the SEC from all angles. The Republicans of the U.S. House Committee on Financial Services issued a sharp letter opposing the SEC’s proposal to amend the definition of "exchange." #NEW : All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants. 👇Read more 🔗 https://t.co/qcu1OK6Tkk pic.twitter.com/AQFpMWDPaD — Financial Services GOP (@FinancialCmte) June 13, 2023 The Prometheum subplot One of the strange subplots running through the news this week was the emergence of Prometheum, a company with obscure origins that few had ever heard about before, but that now has the ear of Congress, where it is apparently listened to as the voice of sensible [read: SEC–flattering] compliance. Venture capitalist Matt Walsh wrote a brilliant and lengthy thread covering the main points. Last month, in the midst of the SEC bringing cases on Coinbase + Gemini, and giving the stiff arm to Robinhood and others, Prometheum gets approval for a first of its kind Special Purpose Broker-Dealer (SPBD) for digital asset securities… — Matt Walsh (@MattWalshInBos) June 14, 2023 Ripple’s Chief Legal Officer Stuart Alderoty thought he saw a Percy Bysshe Shelly reference in the name. However, the nineteenth century poem he refers to here is called Prometheus Unbound , and the mythic subtext he summarizes is actually from the Greek myth of Prometheus, the titan that stole fire from the gods to give to humanity. If I remember correctly, the moral of the 19th century opus - - Prometheu[m] Unbound - - is that it\'s\u200b more heroic to actively support justice for all\u200b, and suffer the punishment, than \u200b\u200bstrike a deal with a corrupt authority for the sake of personal comfort and gain. — Stuart Alderoty (@s_alderoty) June 15, 2023 Cameron Winkevoss’s twin and fellow Gemini co founder Tyler Winklevoss says that Prometheum offers a model for getting on Gensler’s good side. The @SECGov has chosen to sue @Gemini , @coinbase , and @krakenfx for not complying with securities laws and yet at the same time has approved @PrometheumInc . Here are some highlights that set Prometheum apart: -Failed to launch a product in 6 years -Hired multiple former SEC and… https://t.co/YsgUCcIjM5 — Tyler Winklevoss (@tyler) June 15, 2023', "There is a new protocol that allows users to create and share digital objects on Ethereum. They are called Ethscriptions\x97an apparent tip of the hat to Inscriptions, a similar project by Ordinals deployed on the Bitcoin network. Developed by Tom Lehman, co-founder and former CEO of Genius.com , the project launched on Saturday and saw explosive interest. Nearly 30,000 Ethscriptions were created in less than 18 hours, according to Lehman, who tweeted that the launch was a \x93huge success.\x94 Ethscriptions enable non-financial and arbitrary data to be written into the main Ethereum blockchain. Users can inscribe any type of file provided it is under 96 kilobytes in size. According to its creator, however, it currently only allows for images\x97but that will change in the future. These inscriptions leverage what\x92s known as Ethereum \x93calldata,\x94 which refers to the data provided within a call made to a smart contract. According to Lehman, the protocol is cheaper and more decentralized than using contract storage. The [protocol] \x93guarantees global uniqueness of the content of all valid Ethscriptions,\x94 the creator tweeted , saying that \x93it's skating to where the puck is going in an L2 world.\x94 Passing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone Lehman, perhaps in a bid for notoriety, called for famed NFT collection Crypto Punks to be \x93ethscribed.\x94 It successfully sparked a frenzy, and copies of the 10,000 images were inscribed in a matter of hours. The launch echoes the Ordinals launch on Bitcoin, NFT-style images and other non-financial data included in the main chain\x92s ledger. The arrival of Ordinals, however, triggered dismay from many in the maximalist community. The difference in reception is the Ethereum community\x92s apparent openness to innovation and experimentation. \x93The exciting thing for me about Ethscriptions, similar to Ordinals, is that developers are playing around again with blockchain technology,\x94 self-proclaimed NFT archaeologist Adam McBride told Decrypt . \x93It\x92s this experimentation that drives innovation and adoption,\x94 Story continues Ordinals Is Drawing Former Ethereum Devs to Build on Bitcoin Much like the Ordinal craze , this weekend has seen significant interest from new protocol users. This led Ethscriptions to suffer several periods of downtime, with Lehman tweeting , \x93Sorry everything is crashing! Too many people.\x94 Although this weekend brought an impressive debut for the protocol, some say it already existed. McBride says this technology has been around for years, with certain artists already using it in their work. Still, he told Decrypt \x93this is the first time it\x92s gained widespread awareness.\x94 Whether Ethscriptions are a fly-by-night fad or an exciting new trend will ultimately be determined by the community.", "There is a new protocol that allows users to create and share digital objects on Ethereum. They are called Ethscriptions—an apparent tip of the hat to Inscriptions, a similar project byOrdinalsdeployed on the Bitcoin network.\nDeveloped by Tom Lehman, co-founder and former CEO ofGenius.com, the project launched on Saturday and saw explosive interest. Nearly 30,000 Ethscriptions were created in less than 18 hours, according to Lehman, whotweetedthat the launch was a “huge success.”\nEthscriptionsenable non-financial and arbitrary data to be written into the main Ethereum blockchain. Users can inscribe any type of file provided it is under 96 kilobytes in size. According to its creator, however, it currentlyonly allowsfor images—but that will change in the future.\nThese inscriptions leverage what’s known asEthereum“calldata,” which refers to the data provided within a call made to a smart contract.Accordingto Lehman, the protocol is cheaper and more decentralized than using contract storage.\nThe [protocol] “guarantees global uniqueness of the content of all valid Ethscriptions,” the creatortweeted, saying that “it's skating to where the puck is going in an L2 world.”\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nLehman, perhaps in a bid for notoriety, called for famed NFT collectionCrypto Punksto be “ethscribed.” It successfully sparked a frenzy, and copies of the 10,000 images wereinscribedin a matter of hours.\nThe launch echoes the Ordinals launch on Bitcoin, NFT-style images and other non-financial data included in the main chain’s ledger. The arrival of Ordinals, however, triggered dismay from many in themaximalistcommunity.\nThe difference in reception is the Ethereum community’s apparent openness to innovation and experimentation.\n“The exciting thing for me about Ethscriptions, similar to Ordinals, is that developers are playing around again with blockchain technology,” self-proclaimed NFT archaeologistAdam McBridetoldDecrypt. “It’s this experimentation that drives innovation and adoption,”\nOrdinals Is Drawing Former Ethereum Devs to Build on Bitcoin\nMuch like theOrdinal craze, this weekend has seen significant interest from new protocol users. This led Ethscriptions to suffer several periods of downtime, withLehman tweeting, “Sorry everything is crashing! Too many people.”\nAlthough this weekend brought an impressive debut for the protocol, some say it already existed. McBride says this technology has been around for years, with certainartists already using itin their work.\nStill, he toldDecrypt“this is the first time it’s gained widespread awareness.”\nWhether Ethscriptions are a fly-by-night fad or an exciting new trend will ultimately be determined by the community.", "There is a new protocol that allows users to create and share digital objects on Ethereum. They are called Ethscriptions—an apparent tip of the hat to Inscriptions, a similar project byOrdinalsdeployed on the Bitcoin network.\nDeveloped by Tom Lehman, co-founder and former CEO ofGenius.com, the project launched on Saturday and saw explosive interest. Nearly 30,000 Ethscriptions were created in less than 18 hours, according to Lehman, whotweetedthat the launch was a “huge success.”\nEthscriptionsenable non-financial and arbitrary data to be written into the main Ethereum blockchain. Users can inscribe any type of file provided it is under 96 kilobytes in size. According to its creator, however, it currentlyonly allowsfor images—but that will change in the future.\nThese inscriptions leverage what’s known asEthereum“calldata,” which refers to the data provided within a call made to a smart contract.Accordingto Lehman, the protocol is cheaper and more decentralized than using contract storage.\nThe [protocol] “guarantees global uniqueness of the content of all valid Ethscriptions,” the creatortweeted, saying that “it's skating to where the puck is going in an L2 world.”\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nLehman, perhaps in a bid for notoriety, called for famed NFT collectionCrypto Punksto be “ethscribed.” It successfully sparked a frenzy, and copies of the 10,000 images wereinscribedin a matter of hours.\nThe launch echoes the Ordinals launch on Bitcoin, NFT-style images and other non-financial data included in the main chain’s ledger. The arrival of Ordinals, however, triggered dismay from many in themaximalistcommunity.\nThe difference in reception is the Ethereum community’s apparent openness to innovation and experimentation.\n“The exciting thing for me about Ethscriptions, similar to Ordinals, is that developers are playing around again with blockchain technology,” self-proclaimed NFT archaeologistAdam McBridetoldDecrypt. “It’s this experimentation that drives innovation and adoption,”\nOrdinals Is Drawing Former Ethereum Devs to Build on Bitcoin\nMuch like theOrdinal craze, this weekend has seen significant interest from new protocol users. This led Ethscriptions to suffer several periods of downtime, withLehman tweeting, “Sorry everything is crashing! Too many people.”\nAlthough this weekend brought an impressive debut for the protocol, some say it already existed. McBride says this technology has been around for years, with certainartists already using itin their work.\nStill, he toldDecrypt“this is the first time it’s gained widespread awareness.”\nWhether Ethscriptions are a fly-by-night fad or an exciting new trend will ultimately be determined by the community.", "A pricy EthereumNFTfrom one of Web3’s preeminent PFP collections has been permanently removed from circulation and symbolically tied to anOrdinalsinscription, as a group of Bitcoiners celebrate the costly, eye-catching endeavor.\nCryptoPunk #8611sold for around 55 Ethereum or $95,000 on Saturday, according toEtherescan. And hours later, the NFT was burned in a way that points toinscription 12,456,749, an NFT-like asset on Bitcoin that bears the same image as its predecessor.\nThe decision to effectively destroy CryptoPunk #8611 was a community-led effort conducted by Wolf Capital DeveloperNathan Steinon Twitter and holders ofBitcoin Bandits, a Western-themed collection of Ordinals inscriptions, a spokesperson for the project toldDecrypt.\n“The community rallied behind the idea like crazy,” the Bitcoin Bandits spokesperson said, adding that around 150 people contributed to the cause.\nNFT Trader Accidentally Burns $129K CryptoPunk\nWhen a digital asset is burned, it’s locked up for eternity in a digital wallet that nobody controls, and CryptoPunk #8611 has been put to rest in a well-known burnaddressthat also contains $21 million worth of Ethereum.\n“What a wild night,” an account named Minh on Twitter toldDecrypt, who also posted a video documenting the purchase and burning of CryptoPunk #8611. He described the move as “chaotic, yet beautiful.”\nOrdinals, a buzzy Bitcoin protocol that launched earlier this year, is used to create NFT-like assets on Bitcoin by “inscribing” data to individual satoshi, the smallest denomination of currency a Bitcoin can be broken down into. That data can include pictures, videos, or even plain text, which people have used to createBRC-20 tokens.\nWhile NFTs could be considered a nascent industry or an emerging frontier for digital art, Ordinals inscriptions are much more new, leading to a wave of hype,bugs, andscamssurrounding crypto’s oldest coin.\nAs the community surrounding Ordinals continues to take shape, siphoning off pricy NFTs from the Ethereum space and pointing them in the direction of other assets on Bitcoin is becoming a more common move, referred to as teleburning.\nSo, if Saturday’s CryptoPunk burn sounds somewhat familiar, that’s because it’s not the first time a pricy NFT has been burned by someone looking to symbolically shift an asset’s underlying chain from Ethereum to Bitcoin.\nBitcoin Ordinals Has a New Leader—And He's Ready to Be Its Creator's 'Shield'\nIn February, an NFT from the Bored Ape Yacht Club collection worth around $169,000 at the time wasburnedby Jason Williams, who toldDecryptnot long after that, essentially, “throwing a Lamborghini into a trash compactor” is kind of fun.\nNotably, Yuga Labs, creators of the Bored Ape Yacht Club, toldDecryptthat the Ordinals inscription tied to Williams’ BAYC NFT represents an illegitimate ape, explaining only tokens that come from the project's original smart contract are considered valid, granting holders commercial rights and access to events.\nHowever, unlike Williams’ maneuver, CryptoPunk #8611 wasn’t burned purely for entertainment, according to Stein.\nThe end goal is to create a series of Ordinals inscriptions that correspond to a slice of ownership in CryptoPunk #8611—even though the underlying asset itself can no longer be owned by anyone on its original chain.\nThat collection of inscriptions will be created after the one that currently points to CryptoPunk #8611 is ceremonially sent to a digital wallet that belongs to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, in what is effectively a one-way trip, Stein said in a tweet.\nMembers of the Bitcoin Bandits community who pooled funds together to purchase CryptoPunk #8611 have also been entered into a contest related to aseparateinscriptions project—but that’s beside the point, the spokesperson said.\n“Bandits did it more to show the way,” the spokesperson said. “The Bandits Community thinks that CryptoPunks deserve better than ETH.”", "A pricy EthereumNFTfrom one of Web3’s preeminent PFP collections has been permanently removed from circulation and symbolically tied to anOrdinalsinscription, as a group of Bitcoiners celebrate the costly, eye-catching endeavor.\nCryptoPunk #8611sold for around 55 Ethereum or $95,000 on Saturday, according toEtherescan. And hours later, the NFT was burned in a way that points toinscription 12,456,749, an NFT-like asset on Bitcoin that bears the same image as its predecessor.\nThe decision to effectively destroy CryptoPunk #8611 was a community-led effort conducted by Wolf Capital DeveloperNathan Steinon Twitter and holders ofBitcoin Bandits, a Western-themed collection of Ordinals inscriptions, a spokesperson for the project toldDecrypt.\n“The community rallied behind the idea like crazy,” the Bitcoin Bandits spokesperson said, adding that around 150 people contributed to the cause.\nNFT Trader Accidentally Burns $129K CryptoPunk\nWhen a digital asset is burned, it’s locked up for eternity in a digital wallet that nobody controls, and CryptoPunk #8611 has been put to rest in a well-known burnaddressthat also contains $21 million worth of Ethereum.\n“What a wild night,” an account named Minh on Twitter toldDecrypt, who also posted a video documenting the purchase and burning of CryptoPunk #8611. He described the move as “chaotic, yet beautiful.”\nOrdinals, a buzzy Bitcoin protocol that launched earlier this year, is used to create NFT-like assets on Bitcoin by “inscribing” data to individual satoshi, the smallest denomination of currency a Bitcoin can be broken down into. That data can include pictures, videos, or even plain text, which people have used to createBRC-20 tokens.\nWhile NFTs could be considered a nascent industry or an emerging frontier for digital art, Ordinals inscriptions are much more new, leading to a wave of hype,bugs, andscamssurrounding crypto’s oldest coin.\nAs the community surrounding Ordinals continues to take shape, siphoning off pricy NFTs from the Ethereum space and pointing them in the direction of other assets on Bitcoin is becoming a more common move, referred to as teleburning.\nSo, if Saturday’s CryptoPunk burn sounds somewhat familiar, that’s because it’s not the first time a pricy NFT has been burned by someone looking to symbolically shift an asset’s underlying chain from Ethereum to Bitcoin.\nBitcoin Ordinals Has a New Leader—And He's Ready to Be Its Creator's 'Shield'\nIn February, an NFT from the Bored Ape Yacht Club collection worth around $169,000 at the time wasburnedby Jason Williams, who toldDecryptnot long after that, essentially, “throwing a Lamborghini into a trash compactor” is kind of fun.\nNotably, Yuga Labs, creators of the Bored Ape Yacht Club, toldDecryptthat the Ordinals inscription tied to Williams’ BAYC NFT represents an illegitimate ape, explaining only tokens that come from the project's original smart contract are considered valid, granting holders commercial rights and access to events.\nHowever, unlike Williams’ maneuver, CryptoPunk #8611 wasn’t burned purely for entertainment, according to Stein.\nThe end goal is to create a series of Ordinals inscriptions that correspond to a slice of ownership in CryptoPunk #8611—even though the underlying asset itself can no longer be owned by anyone on its original chain.\nThat collection of inscriptions will be created after the one that currently points to CryptoPunk #8611 is ceremonially sent to a digital wallet that belongs to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, in what is effectively a one-way trip, Stein said in a tweet.\nMembers of the Bitcoin Bandits community who pooled funds together to purchase CryptoPunk #8611 have also been entered into a contest related to aseparateinscriptions project—but that’s beside the point, the spokesperson said.\n“Bandits did it more to show the way,” the spokesperson said. “The Bandits Community thinks that CryptoPunks deserve better than ETH.”"]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $515,258,984,750 - Hash Rate: 392955523.5448409 - Transaction Count: 439868.0 - Unique Addresses: 661930.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital. Insights: The crypto industry is spending less than other industries on lobbying. That may need to change. Prices CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning Asia, Bitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806. During the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year. “Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.” Meanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was the victim of vote fraud over the weekend. This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code. Story continues In the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66. The Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders. Asset Ticker Returns DACS Sector Gala GALA −6.0% Entertainment Terra LUNA −4.5% Smart Contract Platform Solana SOL −4.3% Smart Contract Platform Insights The Crypto Industry's Lobbying Deficit A recent report from Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year. Some expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy. Overall in 2022, industries and activist groups of all shapes and sizes spent $4.1 billion on federal lobbying efforts. As for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year, according to Open Secrets data. Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend. In comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year. The industry's political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter, Open Secrets recently reported . Major contributors included Coinbase, which alone spent $3.4 million on lobbying. Open Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year. Tether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, but is a huge jump over its first quarter 2022 spend of $100,000. Tether's jump in lobbying spend during the first quarter of the year (OpenSecrets) The Blockchain Association is up as well , to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxos also saw a huge jump , with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter. Of course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent $2 million during this past quarter , while Citigroup spent $1.4 million. Sadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it. Important events. Bitcoin Pizza Day The Future of U.K. Crypto Regulation 9:15 a.m. HKT/SGT(1:15 a.m. UTC): People's Bank of China interest rate decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ripple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey 'Jihoz' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation. Headlines Bitcoin Payments App Strike Expands to More Than 65 Countries From Three: Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it's pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia. Sotheby's Auctions Part of 3AC's Rare NFT Collection, Bringing In $2.4 Million: The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187. Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield: The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital. U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M: An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday. Ledger’s Hard Lesson: Being Right Isn't Good Enough: Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.... - Reddit Posts (Sample): [['u/RuneW007', 'How and when did you first hear about Bitcoin?', 31, '2023-06-18 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/', 'My very first time hearing about Bitcoin was late 2016 when Btc was around 700$ a coin. I was watching a Youtube video about some guy purchasing stuff on the dark web, like Iphones and hacked streaming accounts. The guy was spending some Bitcoins to test if you could really buy these things on the dark web and if these things really got delivered to your house. If i remember correctly, he got scammed and he never received the Iphone that he bought for around 1 BTC. Looking in hindsight, this was a very expensive Iphone that he never received. \n\nSo I came here to hear about your stories about how and when you first discovered Bitcoin and if you unlike me decided to invest some money in the coin that we now all love. So share your story for us.', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/', '14c3hgk', [['u/Therowerr', 19, '2023-06-18 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joiqsj9/', "I hope i can say 2009, the only time that i missed a huge chance to become Jeff Bezos's friend.", '14c3hgk'], ['u/dick_piana', 15, '2023-06-18 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joiqu3h/', "On a certain imageboard, it was pretty much as soon as it was created. Didn't understand it and thought it was a scam.", '14c3hgk'], ['u/pure94', 16, '2023-06-18 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joirepn/', 'Silkroad was the gateway for myself and my circle of friends', '14c3hgk'], ['u/Mr_Bob_Ferguson', 11, '2023-06-18 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/jois569/', ">Didn't understand it and thought it was a scam.\n\nThat describes most of the world's population as of 18 June 2023.", '14c3hgk'], ['u/rootpl', 12, '2023-06-18 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joiugzz/', 'I heard about it around 2010 and my then very nerdy (in a bad way) friend talked about it like it was a second coming of Christ and I thought "that\'s just dumb" if it wasn\'t him explaining it to me I\'d probably invest... just a wrong person in a wrong time. Feels bad man...', '14c3hgk'], ['u/chadman350', 13, '2023-06-18 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joivq0p/', 'Bought some to use on Silk Road at $12. Sold the rest to a friend at $84 and thought I was a genius', '14c3hgk']]], ['u/BTC_Commons', 'Where Bitcoin truly is “The people’s money:” A reflection on my time in El Salvador', 142, '2023-06-18 04:33', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/', '[Read on Substack](https://bitcoincommons.substack.com/p/where-bitcoin-truly-is-the-peoples), [Read on Habla](https://habla.news/a/naddr1qqxnzd3cxuerjwpsxqmrwv3eqyf8wumn8ghj7ur4wfcxcetsv9njuetnqyxhwumn8ghj7mn0wvhxcmmvqy08wumn8ghj7mn0wd68yttjv4kxz7fwdehkkmm5v9ex7tnrdakszynhwden5te0danxvcmgv95kutnsw43qz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcpzpmhxue69uhkummnw3ezuamfdejsygrz53gqfu8eltydhue5ez3gvah7f7xlxxpwlhymsch08wdm9lmcc5psgqqqw4rsx7794u)\n\nMore than two years after El Salvador burst onto the international stage by making Bitcoin legal tender, I was finally able to pay a visit to this almost mythic land, and it did not disappoint. From San Salvador to Santa Ana to El Zonte, everywhere you could see the national project changing the physical landscape, and sense the palpable excitement and connection of the people to the vibrant pulse of a nation truly reborn. ‘Don’t trust, verify,’ we bitcoiners like to say. To my very own surprise, the facts on the ground not only lived up to the hype, they exceeded it.\n\n1. Pupusas and Pilsener\n\nTraveling on a tight schedule, our only night in San Salvador seemed like a lost cause due to the 6-hour delay of our flight from Honduras. With the sun getting quite low on the horizon by the time we landed, our expectations to behold the cathedral and public square of the Centro Historico in their full glory were mostly dashed. Thankfully, we went anyways.\n\nAfter strolling around late into the night, and working up quite the appetite, Google Maps indicated that “San Jose” was the only pupuseria still open nearby. The place was very unassuming, a ‘hole in the wall’ type of establishment. Workers finishing their long day shifted in and out, getting a quick bite before going home for the night.\n\n[Pupuseria San Jose](https://preview.redd.it/kxtilfe9uo6b1.jpg?width=4032&format=pjpg&auto=webp&v=enabled&s=49afe3dd7002bf3a3f2ec2f1ef4f9199d5a38a1c)\n\nInside, neon lights bounced off the bright orange cement walls, and in the front, next to the grill where a young woman churned out pupusas by the dozen, a big purple Chivo sign read “Se aceptan pagos con Bitcoin.” I am not one to believe in omens, but when the universe gifts you purple and orange at the people’s pupuseria of choice, the classy thing to do is to acknowledge, and enjoy.\n\nAfter getting our order, we made our way to the long wooden benches that lined the walls on each side, and sat among the jars of pickled cabbage decorating the rows of cheap plastic tables. As we wolfed down the pupusas and drank our Pilsener beers, a voice beamed down from the TV hanging by the ceiling menu: “He arrived at the presidency in debt, with his investments in the gutter, and this person left the presidency as a millionaire...”\n\n[Wall Menu](https://preview.redd.it/j8q1nncbuo6b1.jpg?width=3972&format=pjpg&auto=webp&v=enabled&s=3383215e8d6334b8bf56dd1a0d641069e5a760a5)\n\nIt was Attorney General Rodolfo Antonio Delgado Montes, [talking to the press](https://www.youtube.com/live/XU70xL2UeNg?feature=share) after [confiscating the properties](https://larepublica.pe/mundo/2023/06/02/el-salvador-alfredo-cristiani-nayib-bukele-anuncia-la-intervencion-de-las-propiedades-del-expresidente-cristiani-felix-cristiani-caso-gabela-98922) of [Alfredo Cristiani](https://en.wikipedia.org/wiki/Alfredo_Cristiani), former president and surrogate for Monsanto in Central America. Far from being another sanitized news segment, the AG spoke candidly and at length, seemingly without a script, while everyone in the pupuseria listened intently; even the workers turned to watch or glanced at it as they multi tasked. ‘For once, justice is served,’ the atmosphere whispered atop the sizzling of the grill.\n\nSoon, with a full belly and some alcohol in our blood, the moment of truth approached. Would they truly accept Bitcoin? Sure enough, Juan flashed a big grin when I asked, whipped out his Chivo wallet, and produced a QR code for me to scan. To my surprise, it was an on-chain nested Segwit address that began with a 3. Not discouraged, I asked for a lightning invoice, which confused Juan. It turns out, nobody had explained to him the difference, and he did not know if Chivo even had Lightning. A few taps later, however, it all worked out and I zapped him $6.05 from my Phoenix wallet.\n\n2. Like asking for a doggie bag at a Michelin restaurant\n\nEven though bitcoiners love to refer to Satoshi’s beloved invention as ‘the people’s money,’ the reality is that in most of the industrialized nations, Bitcoin has gained more footing as an investment vehicle than as something that captures the hopes and dreams of the poor and the financially marginalized. And though we are working hard to change that, and change it shall in due time, at the moment Bitcoin is mostly associated with the financial markets, tech investment proposals, venture funds and the sort.\n\nFor example, while Jack Mallers is constantly asked to speak on Bloomberg news, indicating the business community is developing a nuanced and sophisticated understanding of the issue, popular lefty outlets like DemocracyNow continue to stick to skewed and misinformed establishment narratives about Bitcoin. Nor is the media coverage the only sign of Bitcoin’s lack of purchase among the most disadvantaged. Each year, to join the biggest celebration and gathering of bitcoiners, the cheapest tickets will set you back hundreds of dollars, not including the cost of lodging and transportation. This is not a value judgment, just the reality on the ground.\n\nIn El Salvador, the equation seemed to be reversed.\n\nOur experience in the pupuseria replicated itself dozens of times during our stay in the country. From taxi drivers to stand vendors, we were able to successfully pay with Lightning quite consistently, about half of the time. But most curiously, adoption had the least penetration the more affluent the environment became.\n\nTake the example of our accommodations: we stayed at Hotel Armonia in San Salvador, and Captain Morgan Hostel by Lake Coatepeque. Both charged around $60 per night, and both accepted Lightning. In fact, I had some great banter about Bitcoin adoption with the staff at Hotel Armonia, and left a chalk note for posterity with the price of Bitcoin at Captain Morgan.\n\n[Captain Morgan Chalk Board](https://preview.redd.it/tmy0ga8euo6b1.jpg?width=3024&format=pjpg&auto=webp&v=enabled&s=58b2bc715c7ca417b52ffe08e8c24c0a433a49ee)\n\nHowever, Hotel Equinoccio, by far the most expensive place in our list at $150 per night, did not take Bitcoin payments. From a pool by the volcano lake, to private jet skies, to a perfectly manicured lawn to sunbathe in and a menu with exotic ‘detox’ drinks, this place had it all. Except Bitcoin payments. In fact, when I asked Fernando, he gave me a strained, hard to decipher look. It was not confusion, for he most decidedly knew what Bitcoin was, but a mix of consternation and surprise at my request, as if I was asking for a doggie bag at a Michelin restaurant.\n\nLater on, when I approached him with my empty water bottle and asked him where the water dispenser was, the same look appeared on his face ever so briefly: “we have bottled water from the menu,” he quipped politely, as if I had just asked something ridiculous. It dawned on me, then, that Bitcoin was perhaps seen in bad taste, and just like my request for ‘free’ water, it was deemed a “poor people thing” beneath the stature of the sanitized, gated environment where the rich in El Salvador go to relax.\n\n3. More Than Just Bitcoin\n\nIn the time I spent traveling El Salvador, it became clear that the country’s transformation goes far beyond Bitcoin, even though Bitcoin is an integral part of that transformation. From the National Library in Centro Historico, to the hotel boom in El Zonte, everywhere I went there were life altering construction and infrastructure projects.\n\nAmong what impressed me the most, was how smooth and extensive the road infrastructure was. By the surging waves of the Pacific, where the serpentine curvature of the mountains and hills forced the road to tunnel through rock formations, I was awed by beauty and engineering feats that reminded me of Taiwan, a country whose infrastructure has long been considered among the best in the world.\n\nChange, however, takes time, and El Salvador still has a lot of catching up to do. The same could be said for the country’s Bitcoin adoption. Most people, even the lady at the customs booth charging the $15 entry fee, still have no clue about the difference between Lightning and on-chain. And the places that do accept Bitcoin, seem to receive very little use from locals.\n\nAs education efforts ramp up and a new generation of youth grow up with Bitcoin as an ubiquitous tool in their lives, things will improve. But meanwhile, El Salvador continues to be, indisputably, The Bitcoin Country, not simply because the law recognizes it as legal tender, but rather because here it is seen by the wealthy as a “poor people thing.” I can think of no better vindication for a currency that bids itself to be, and is built upon the aspiration to become the people’s money the world over.\n\n¡Hasta la próxima El Salvador!', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/', '14c8swl', [['u/the_buddy_guy', 26, '2023-06-18 04:40', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/jojjbl1/', "Beautifully written, thank you for this. Of course it will take years for proper adoption, especially when it seems BTC was mostly forced onto people. They'll appreciate it over the next decade as inflation increases.", '14c8swl'], ['u/solomonsatoshi', 10, '2023-06-18 05:17', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/jojn5kv/', "When in Central America in the late 1980s El Salvador was a 'no go' zone due to US backed mafia-militias and a brutal military dictatorship - Nicaragua was still just open but still under Contra attacks. All these central american nations have for decades lived under Uncle Sams boot, forced to surrender their wealth and resources to US corporate parasites.\n\nEl Salvador is trying to establish it own path and seems to be succeeding with Bitcoin at the very least driving a boom in tourism. Would love to go there and see for myself but this post gives a great report, update and insight into the progress already..\n\nSounds like they have every chance of succeeding and showing other similar nations (of which there are many) an independent alternative to US hegemony.", '14c8swl'], ['u/BitChick', 10, '2023-06-18 07:08', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/jojxf53/', "Thanks. My husband and I have a trip planned for the fall. We want to support El Salvador's use of BTC. Sounds like it was a great trip.", '14c8swl']]], ['u/companionedu', 'Become a millionaire, today.', 70, '2023-06-18 05:05', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/', 'Lots of people are looking at Bitcoin to be priced at $1,000,000USD. Although this day may come, I have a different perspective.\n\nWhy do people want to be a millionaire in a depreciating, centrally controlled currency that is controlled by corrupt banks and unsound monetary policies?\n\nBecome a millionaire, today. Get 1,000,000 satoshis. And if you want to make your friends and family millionaires, send them 1,000,000 satoshis too.\n\nCheers\n\n\\#satoshimillionare', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/', '14c9eey', [['u/repomies69', 29, '2023-06-18 11:39', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jokh2l9/', "Being a millionaire today is very different than being millionaire let's say 30 years ago. It is very outdated word. There's not much you can do with a million these days. I would guess you need at least 10 millions to be the what we understood as a millionaire when I was a kid.", '14c9eey'], ['u/evgeniy_pp', 65, '2023-06-18 12:10', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jokj7wx/', 'Forget "millionaires", a new word for rich people will be "wholecoiners". Let\'s start using that.', '14c9eey'], ['u/Easik', 16, '2023-06-18 13:21', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jokog10/', 'For perspective, $1m collecting 5% interest is more than the median income in America. I think it\'s very livable, but "millionaires" have so much life creep that they blow through it on dumb things like supercars that cost $20k for an oil change.', '14c9eey'], ['u/Im_Bitman', 12, '2023-06-18 15:59', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jol3qox/', 'I want to be a Deca-coiner', '14c9eey']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, June 18, 2023', 25, '2023-06-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/', '14caeq6', [['u/ThorsBodyDouble', 16, '2023-06-18 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jojtyvf/', 'Great to have a white swan event for a change. 🦢', '14caeq6'], ['u/Qasim57', 10, '2023-06-18 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jojy9hc/', 'The black rock ETF?', '14caeq6'], ['u/bufonia1', 12, '2023-06-18 07:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jojyi3j/', 'seems suspiciously timed', '14caeq6'], ['u/GenghisKhanSpermShot', 26, '2023-06-18 07:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jok053o/', "Hesitated posting this cuz it's not Bitcoin related, not trying to promote alts but number two just re-tested a 10 month breakout on Thursday. This is very important IMO and solid support which every piece of the puzzle helps to get a view of crypto as a whole. A major support re-test and hold means Bitcoin has also bottomed. Which I think is the case also looking at a BTC chart, just adds to the evidence.", '14caeq6'], ['u/buttsausages', 13, '2023-06-18 12:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jokk49x/', "But if it finally breaks it, isn't that like really bad", '14caeq6'], ['u/ReflectionFamiliar68', 18, '2023-06-18 13:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jokpie0/', "I can't wait to have to listen to everyone talk about this for a year and then have it rejected.\n\nIt's terrible for bitcoin long term anyway. Bitcoin is a bearer asset and the ETF is just promises which lead to fractional reserve and dilution.", '14caeq6'], ['u/logicalinvestr', 17, '2023-06-18 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jokvmog/', "I mean, we had a slew of applications and rejections over the last two years. I'm sure Blackrock and their lawyers have read every single one a dozen times. Yet, they still applied. Since they're not in the business of just throwing money away, I have to assume that they think their application is somehow different from the rest and has a reasonable chance of success. Of course, it could still be rejected. But it seems like, after doing all their due diligence, they must think that there's something sufficiently different about the market or their application to give them a reasonable chance of success, or they wouldn't waste their time.", '14caeq6'], ['u/itsthesecans', 33, '2023-06-18 19:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jolrjke/', "Happy Father's Day to all the fathers. Especially those who are securing their kids' futures with bitcoin.", '14caeq6'], ['u/imissusenet', 18, '2023-06-18 22:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jomh7of/', 'Some un-cut hopium:\n\nhttps://www.coindesk.com/business/2023/06/16/blackrock-may-have-found-way-to-get-sec-approval-for-spot-bitcoin-etf/', '14caeq6']]], ['u/pbjclimbing', 'The UN is criticizing the IMF and World Bank for benefiting rich countries and not poor ones', 159, '2023-06-18 07:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/', 'Antonio Guterres, the UN chief, has increased his criticism of the World Bank and IMF. These are two organizations that were designed post WWII to help poor countries. The thing is, they are doing the opposite. It turns out that wealthy countries are often the one benefiting from their policies instead of poor ones. \n\nThe IMF is actively trying to prevent countries from making crypto legal tender since it undermines their control over the global economy. They even have admitted that [El Salvador’s Bitcoin risks have not materialized](https://www.reuters.com/business/finance/imf-says-el-salvadors-bitcoin-risks-have-not-materialized-should-be-addressed-2023-02-11/) but they should still be “addressed”. Yes, they actually admitted they were wrong, but still want their solution carried out as if they were right. \n\nIt is about time that some government entities are able to see that the World Bank and IMF are essentially pawns of the US and EU (an appointee from the US or EU rounds each of them). Crypto can actually help with this problem. Maybe the UN should take a serious look at crypto.', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/', '14cc89o', [['u/RedBunery', 17, '2023-06-18 08:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jok1nw3/', 'Perhaps El Salvador is the elephant in the room at this point, and also a reason why the US fears crypto so much. If we now have a bull market, El Salvador will reap a lot of benefits, and others will take note and look to copy them.', '14cc89o'], ['u/airwavieee', 56, '2023-06-18 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jok3jgw/', 'IMF and WEF are some of the biggest scums on this planet.', '14cc89o'], ['u/Deadpoulpe', 11, '2023-06-18 09:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jok8a4b/', "Coming from a poor country, I can assure you it has always been the case.\n\nLook what the IMF did to Greece in the 2010's for example.", '14cc89o'], ['u/Lillica_Golden_SHIB', 13, '2023-06-18 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jokdwze/', 'It would be great if El Salvador became the economic benchmark for poor economies later in the future. I really hope crypto can do good for them.', '14cc89o'], ['u/OneThatNoseOne', 19, '2023-06-18 12:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jokkpry/', 'The irony about the IMF and World Bank is that they often end up making things worse for borrowing countries. There are always some egregious austerity(MUCH less government spending or funding) measures that significantly decrease quality of life in what are often developing nations with already bad quality of life. \n\nAnd these are all basically such that the borrowing nations suffers to ensure the big money loaners get their money back. Trust me. Basically no borrowing country likes the IMF or WB. They have a very bad reputation in the developing world.', '14cc89o'], ['u/kirtash93', 12, '2023-06-18 13:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jokn3xx/', 'This is why I call them International Monetary Fraudsters (IMF). They are the real villains of the world subjugating others under the power of the dollar.', '14cc89o']]], ['u/rBitcoinMod', 'Daily Discussion, June 18, 2023', 35, '2023-06-18 08:09', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/', '14ccpzx', [['u/Prosperity_01', 16, '2023-06-18 14:26', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/joku13o/', 'As a 23 year old in the UK, fresh into the workforce, it’s became extremely obvious that the game is rigged against us. Stagnant wages, dwindling opportunities and taxed to the extreme. How am I, or any of my compatriots, ever afford a house…or start a family? Best way to not lose this game is to simply not play. I save my wealth in Bitcoin, not fiat. The gov have set their priorities…I’ll set mine.', '14ccpzx'], ['u/Just1_More', 12, '2023-06-18 15:09', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/jokya9x/', "Blackrock and Bitcoin\n\nThere are a lot of Bitcoiners who are nervous about this move and the creation of paper Bitcoin. And rightfully so.\n\nFor me, the more I think about it, the more excited I get. If we want Bitcoin to become more widely adopted, this is a logical step. Not everyone is going to learn about self custody or feel comfortable with the responsibility. But they want exposure to 🌽.\n\nNow imagine a future where investment companies who offer Bitcoin to their clients but aren't actually buying the 🌽. What happens when global markets contract? These crooks are going to get wrecked when there is no amount of money printing to backstop their phony BTC holdings. The liars and over leveraged crooks crumble, while honest companies succeed, persevere, and gain strength going into the next cycle. \n\nThoughts?", '14ccpzx'], ['u/Just1_More', 13, '2023-06-18 18:08', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/joljzea/', "I used to have some respect for you around here. I'm losing that. \n\nYou just chirp and add nothing productive if it doesn't align with your personal perspective of how Bitcoin grows.", '14ccpzx'], ['u/EggLord2000', 11, '2023-06-18 22:34', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/jomjkfu/', 'The blackrock etf is the first step in a massive orange pilling. People will invest in the ETF, because it’s easy. Those same people will feel obligated to learn about the underlying asset. This will lead to increasing self custody, then more 2nd layer solutions. \n\nI’m trying hard to not give in to my FOMO and stick to my DCA, but it’s hard', '14ccpzx']]], ['u/jwolf696', 'Why Blackrock Bitcoin Spot ETF can damage BITCOIN', 52, '2023-06-18 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/', "After so many articles about how Blackrock Bitcoin Spot ETF is fantastic and a great thing that can happen, I tried to search if there are negative things about it, and I found something scary, at least for me. (I'm not a tech guy and I am not sure this can happen.)\n\n[Blackrock ETF filing](https://preview.redd.it/wmjk2a0pxp6b1.jpg?width=998&format=pjpg&auto=webp&v=enabled&s=245e4411686d8b749f92e15cc81bc568f2e21a6a)\n\nThis photo was shared on Twitter by @ anilsaidso with the description: A hidden gem in the BlackRock ETF filing. #Getforked\n\nSo, from what I understand, in case of a hard fork (can they hard fork bitcoin purposeful?) they get to decide which fork to go with, therefore they decide the future of Bitcoin.\n\nSo we all know that government and other powerful people control gold, diamonds and other stuff, are they trying to do this to Bitcoin as well? I would like to hear the opinion of people who know how a hard fork can be possible and if it can happen in this case.", 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/', '14cd2ze', [['u/strongkhal', 46, '2023-06-18 08:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok3w6r/', "They're not our friends, not at all.", '14cd2ze'], ['u/Qptimised', 22, '2023-06-18 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok4o7p/', 'Just remember, Bitcoin was created because of corporations like BlackRock who have operated with impunity.', '14cd2ze'], ['u/Qptimised', 23, '2023-06-18 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok4qfi/', 'No corporations are our friends. Every one of them is driven by profit.', '14cd2ze'], ['u/Adpist', 20, '2023-06-18 09:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok6lc9/', "Depends of the supply % they hold in their etf. If they hold less than majority and they go against the majority, it's their loss... If they buy BTC to get a majority that would be an insane bull run...\n\nI mean this statement makes sense. In case of a fork the ETF need to choose one fork.\n\nBut the fork in itself would do bigger damage to BTC than whatever decision they make afterwards...", '14cd2ze'], ['u/mr_sew', 48, '2023-06-18 09:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok7hmj/', 'I do not see anything nefarious here and this is actually prudent.\n\nIn case you do not understand what it actually means, it means that if the bitcoin blockchain is hard forked, like at the time when bitcoin cash was created, that Blackrock will will use their best judgement as to have the trust/ETF stay on the original chain, or to adopt the newly forked chain.\n\nThere could be a case where the real consensus among bitcoiners is to adopt the hard forked chain, as this may be the best solution to a future problem.\n\nTake for example, Ethereum\'s hard fork when they went from PoW to PoS. I think the consensus here is clearly for the PoS. The PoW chain still exists and may have people still using it, (IDK, IDC), but the "official" Ethereum is the PoS chain.\n\nBitcoin may hard fork in the future for a good reason and the world\'s consensus may be to adopt the hard fork. \n\nBlackrock is simply reserving the option to choose the "best" chain, or the most popular chain in the event that it happens. If true consensus changes, Blackrock wants to reserve the ability to adopt that consensus; which would be exercising fiduciary responsibility.\n\nIf Blackrock or anyone else wants to hard fork bitcoin, then so be it, as anyone can do it. It is the consensus that actually matters; not who forked it.\n\nI am willing to guess that bitcoin has been hard forked 100s of times, but can you name more than two? Can you name any that are relevant to the rest of the world\'s consensus? Can you name even one that is an actual threat to bitcoin in anyway? Yeah. Didn\'t think so.', '14cd2ze'], ['u/d_Party_Pooper', 14, '2023-06-18 09:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok9f3l/', 'In my opinion you are spot on. Great answer. People see Blackrock involved and lose it.', '14cd2ze'], ['u/Octopus-Pawn', 11, '2023-06-18 09:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok9f7y/', 'Exactly this. If any one organisation (or person) holds a large enough proportion of BTC, they wield a lot of power. Many people are in crypto as an alternative to centralisation.\n\nPersonally I think a spot ETF is good for crypto, but having only one ETF centralising all that BTC is not.', '14cd2ze'], ['u/dgcfus', 12, '2023-06-18 12:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/joklya6/', 'bitcoin is not a shitty proof of stake coin lol, owning 11m btc gives you exactly 0 power over btc.', '14cd2ze']]], ['u/UKCSTeacher', '[Race Day] Round 5 - Oulton Park, 18 June', 18, '2023-06-18 09:09', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/', "# Watch Yesterday's Qualifying Session\n\n[YouTube](https://www.youtube.com/watch?v=4BxeCg0x9b8)\n\n# Session Times\n\n^(All times BST / GMT +1)\n\n\|Event\|Time\|Length\|Grid\|Results\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Race 1\|12:17\|15 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403grdtrg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403rc1trg.pdf)\|\n\|Race 2\|14:40\|15 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403gr2trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403rc2trg.pdf)\|\n\|Race 3\|17:25\|15 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403gr3trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403rc3trg.pdf)\|\n\n[Full weekend timetable](https://www.tsl-timing.com/file/?f=timetables/2023/232403.pdf)\n\n\n# Info & Stats\n\nWiki: [2023 Teams & Drivers](https://en.wikipedia.org/wiki/2023_British_Touring_Car_Championship#Teams_and_drivers) \| [Circuit](https://en.wikipedia.org/wiki/Oulton_Park)\n\nCorners: 12\n\nCircuit length: 2.2260 miles (3.5824 km)\n\nRace distance: 15 laps\n\nFirst BTCC race: 1960\n\n\n# Live Audio and Streaming\n\n[BTCC Audio Stream](http://www.btcc.net/live-audio/) \\- trackside commentary available across the full weekend\n\n[TSL Live Timing](http://livetiming.tsl-timing.com/232403) \\- live track timing system available for all sessions\n\n## Todays racing is split over 2 TV channels\n\n[ITV](https://www.itv.com/hub/itv) \\- from 12.00 BST to 14.05 BST\n\n[ITV4](https://www.itv.com/hub/itv4) \\- from 14.00 BST to 18.20 BST", 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/', '14cdsr5', [['u/UKCSTeacher', 15, '2023-06-18 09:14', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/jok758t/', "Just to reiterate the most important info here:\n\nRace 1 will be on [ITV1](https://www.itv.com/hub/itv) at 12.17. Be warned - this is less build up than usual so don't be late! This is also a lot later than usual because Oulton Park has a Sunday morning curfew so no cars on track until midday. The F4 and Porsche's will also be shown on ITV1 before [ITV4](https://www.itv.com/hub/itv4) pick up the program for Race 2 and the remainder of the days races.", '14cdsr5'], ['u/Maidwell', 16, '2023-06-18 10:07', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/jokat6f/', 'Thoughts from yesterday. \n\n1. The ITV decision to miss the first 6 minutes of qualifying so we could watch a prerecorded boring fluff interview with some drivers in an empty pit lane was quite incredible, even for the directors of the ITV coverage. \n\n2. I very nearly turned the feed off in the end as after 500 mentions of track limits it really did become a chore to slog through rather than the excitement it should be. If the broken rules aren\'t going to be changed any time soon, perhaps we should just minimise the focus on them. \n\n3. Ash Sutton is on the roll of a lifetime and I couldn\'t care less that the hybrid gimmick "isn\'t doing its job" of creating artificial drama. It\'s a real privilege to watch the best driver of this generation work his magic.', '14cdsr5'], ['u/UKCSTeacher', 11, '2023-06-18 13:58', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/jokrj2t/', "Tom's interview ability is unrivaled", '14cdsr5']]], ['u/Zein313', 'Why is Blackrock entering Crypto, a HUGE deal that shouldn’t be disregarded.', 704, '2023-06-18 10:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/', '\nBlackRock, the world\'s largest and strongest asset manager with over $8 trillion in assets under management, has officially entered the crypto market in 2023. They have filed for a Bitcoin Fund and are probably buying the dip big time right now. \n\nWith over $8 trillion in assets under management, BlackRock reigns supreme in the financial industry. Known for its expertise, reputation and influence, It\'s no wonder they\'re often referred to as the "king of the financial world."\n\nWhat makes this entry particularly significant is that BlackRock, as the biggest asset manager, is not just an endorsement of crypto but a literal embodiment of corporate interest. Asset managers only do what their high net worth corporate and institutional clients want. So this market entry shows us how the big players are extremely interested \n\nhere\'s why BlackRock entering is a HUGE DEAL: First and foremost, BlackRock\'s entry into the crypto market is a significant endorsement of the legitimacy and potential of digital assets. With one of the most reputable and influential players in the financial industry joining the crypto space, it\'s clear that digital assets are here to stay and are poised for mainstream adoption.\n\nSecondly, BlackRock\'s entry into the crypto market will bring a significant amount of institutional investment into the space. This means more capital and resources for the crypto industry to grow and mature. With BlackRock\'s deep pockets and extensive network, the crypto market is about to get a lot more interesting.\n\nThirdly, BlackRock\'s entry into the crypto market will bring a new level of professionalism and regulatory compliance to the industry. BlackRock is known for its strict compliance and risk management practices, and its entry into the crypto market will likely lead to increased regulations and oversight in the industry, which is ultimately a good thing for investors and the crypto market as a whole.\n\nWith BlackRock\'s reputation and financial power, it could potentially help bring crypto from the fringes of finance to the mainstream and make it accessible to a wider range of investors. \n\nWe are extremely early, So hold on tight, folks, this is just the beginning.\n\n\n\nTLDR: BlackRock\'s entry into the crypto market is a game-changer for the industry. It\'s a clear sign that digital assets are here to stay and are poised for mainstream adoption. With more institutional investment, professionalization, and regulation on the horizon, the crypto market is about to get a lot more exciting.', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/', '14cf6mo', [['u/Dubby635', 10, '2023-06-18 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcpux/', "I should be happy that this is big win for BTC but I'm nervous obviously the way blackrock does business is unethical. They're there for themselves, not to benefit anyone else", '14cf6mo'], ['u/Rookslook', 10, '2023-06-18 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcri5/', 'What a coincidence that they enter just after the SEC’s action against some of the biggest exchanges 🤔', '14cf6mo'], ['u/InsaneMcFries', 36, '2023-06-18 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcrx0/', '![gif](giphy\|Zrxs6nl12WgmL3ZTHm)\n\nGuess it’s hopium season. Bags locked and loaded, kaching ![gif](emote\|emo_pack_1\|money_wasted)', '14cf6mo'], ['u/tambaybtc', 254, '2023-06-18 10:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcvl2/', 'Easy answer: To make more money and to continue manipulating everything.', '14cf6mo'], ['u/FootballBat69', 53, '2023-06-18 10:40', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokd4go/', 'At least in this case we might make money along with them.', '14cf6mo'], ['u/Stankoman', 17, '2023-06-18 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokd6zz/', 'Because Money?', '14cf6mo'], ['u/ProjectZeus', 134, '2023-06-18 10:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdb6e/', "There's been 100+ posts about Blackrock over the last few days. I don't think it's being disregarded", '14cf6mo'], ['u/jwolf696', 39, '2023-06-18 10:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdgiw/', 'Exactly, even my grandma knows about it', '14cf6mo'], ['u/ChemicalGreek', 18, '2023-06-18 10:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdn96/', 'The reason is money…', '14cf6mo'], ['u/ChemicalAnybody6229', 38, '2023-06-18 10:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdoyh/', "You want them to buy all our BTC and dump on us? We don't need more whales. Shrimps like us shall dominate the market.", '14cf6mo'], ['u/wileyfox91', 32, '2023-06-18 10:50', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdrzi/', "Blackrock is invested in EVERYTHING they are so big it would be strange if they didn't had crypto", '14cf6mo'], ['u/IncompetentSnail', 56, '2023-06-18 10:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdw5n/', "For once let's make institutions the exit liquidity", '14cf6mo'], ['u/somethingimadeup', 15, '2023-06-18 10:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joke6ih/', 'Honestly they’ve probably analyzed data and found out who the best btc traders on the markets were and hired them for huge sums and their ETF is going to end up being a better investment than just buying bitcoin.', '14cf6mo'], ['u/somethingimadeup', 10, '2023-06-18 10:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joke7lp/', 'Plus they can use their massive amounts of money to manipulate the market as they see fit', '14cf6mo'], ['u/fanriver', 10, '2023-06-18 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokeame/', "It's all about power, game of thrones", '14cf6mo'], ['u/SerFraust', 55, '2023-06-18 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joked4u/', 'This sounds like Chat GPT', '14cf6mo'], ['u/Mean-Argument3933', 25, '2023-06-18 11:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokeyja/', 'Crypto grandma', '14cf6mo'], ['u/Mean-Argument3933', 10, '2023-06-18 11:09', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokf2kg/', 'It may help us exit the bear market. Just my hopium speaking', '14cf6mo'], ['u/Mean-Argument3933', 25, '2023-06-18 11:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokf74m/', "They can't buy our BTC if we don't sell", '14cf6mo'], ['u/Calm-Cartographer677', 25, '2023-06-18 11:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokfncr/', "They'd probably still find a way to make us the exit liquidity", '14cf6mo'], ['u/NaturephilicReaction', 17, '2023-06-18 11:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokfql4/', 'I have read the filing, the only thing I\'m slightly worried about is their wording that and I\'m paraphrasing here "if there\'s a Bitcoin fork we get to choose which fork the etf supports"\n\nI\'m worried they might eventually fork btc and support their fork', '14cf6mo'], ['u/partymsl', 18, '2023-06-18 11:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokgxp5/', 'BTC to $100k by EOY 2021 is back on the table, baby!', '14cf6mo'], ['u/FluffyAspie', 27, '2023-06-18 11:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokgye1/', 'This big old financial institutions owning everything was what crypto is trying to get away from.', '14cf6mo'], ['u/partymsl', 10, '2023-06-18 11:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokh3by/', 'They will just let the government bail them out.\n\nThere is no way they are ever losing.', '14cf6mo'], ['u/Mr_Bob_Ferguson', 12, '2023-06-18 11:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joki0gi/', ">There's been 100+ posts about Blackrock over the last few days\n\nBut OP hasn't had a chance to cash in on some sweet moons with a post yet!", '14cf6mo'], ['u/theycallmekimpembe', 10, '2023-06-18 12:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokijhk/', 'Completely against what BTC was created for. I still wonder why everyone is applauding this. All you guys think is that it will pump like crazy, firstly BTC got to where it is without them and it will continue to grow without them.', '14cf6mo'], ['u/StolenApe', 12, '2023-06-18 12:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokik8g/', 'I’d suggest if any large institution is buying, they’re already bagged up before making the announcement.', '14cf6mo'], ['u/OneThatNoseOne', 21, '2023-06-18 12:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokin87/', "Nope. Let's face it. We are pretty early still given how niche crypto still is to the general public. You might make some money off selling and Blockrock pays a premium, but in the end they will end up making ALOT more money and end up holding some huge percentage of crypto with significant control of the market", '14cf6mo'], ['u/Mr_Bob_Ferguson', 16, '2023-06-18 12:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokinub/', '>We don\'t need more whales.\n\nAnd in the end we will have the large traditional financial institutions all holding the bitcoin.\n\nWe will then be allowed to buy their products in order to "buy a share".\n\nWe\'ll then be back to where we started.', '14cf6mo'], ['u/crypto_grandma', 28, '2023-06-18 12:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokjrwf/', 'You have summoned Crypto Grandma. I grant ye 3 wishes. Use them wisely....', '14cf6mo'], ['u/Every_Hunt_160', 27, '2023-06-18 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokl89u/', 'Oh yeah I’ll sell.\n\nFor the bargain price of… ONE BILLION DOLLARS', '14cf6mo'], ['u/Flipmode45', 691, '2023-06-18 12:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokld0z/', 'Why do I feel they are only doing this because they’ve figured out a way of making a load of money while simultaneously screwing over the whole crypto market?', '14cf6mo'], ['u/deathbyfish13', 18, '2023-06-18 12:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokm6f5/', 'I wish for you to have a good day. I relinquish my remaining two wishes', '14cf6mo'], ['u/wins5820', 33, '2023-06-18 13:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokmwc0/', 'They’re creating this ETF as a way to control/manipulate Bitcoin without being able to manipulate blockchain assets directly. It’s a way to control the crypto market just like they artificially inflate/deflate the stock market. This is going to allow firms to short the ETF and by doing so, short Bitcoin. It’s a way to work around blockchain to manipulate the price, which is not good for decentralized finanace.', '14cf6mo'], ['u/Damgalnuna000', 66, '2023-06-18 13:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokpikb/', 'Bingo and these idiots believe in trickle down economics', '14cf6mo'], ['u/Flangepacket', 14, '2023-06-18 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokqdf3/', 'Daily reminder that Blackrock are not, and never will be our friends.', '14cf6mo'], ['u/FluffyAspie', 11, '2023-06-18 13:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokqi8d/', 'That’s right! Don’t even think they’re actually going to buy BTC. Everyone probably get an IOU!', '14cf6mo'], ['u/Every_Hun... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Monday morning in Asia after reclaiming the US$26,000 support level over the weekend. Ether also fell back, but held above US$1,700. \xa0XRP, Dogecoin and Litecoin were the only gainers among the top 10 non-stablecoin cryptocurrencies, while Tron’s TRX led the losers. The U.S.-based crypto exchange Bakkt reportedly joined other trading platforms in delisting Polygon, Solana and Cardano after the U.S. regulator this month labelled them illegally issued financial securities. U.S. equity markets are closed Monday for a public holiday, but they could gain in the week ahead aseconomic dataon Friday pointed to slowing inflation, while the first visit to China in almost five years by a top U.S.diplomatcould be a positive for capital markets.\nBitcoin fell 0.97% over the last 24 hours to US$26,308 at 07:00 a.m. in Hong Kong, but held onto a weekly gain of 1.58%, according todatafrom CoinMarketCap.\nThe world’s largest cryptocurrency breached the US$26,000 level on Saturday to reach a seven-day high of US$26,769. The token had slumped to three-month lows at the end of last week.\nEther edged down 0.82% to US$1,716, logging a weekly loss of 2.18%.\nWith the exception of XRP, other top 10 non-stablecoin cryptocurrencies traded lower in the past 24 hours. Polygon’s Matic led the losers, slumping 3.22% to US$0.5971 and down 5.88% over the past seven days.\nNew York-based crypto exchange Bakkt has suspended trading of Polygon, Solana and Cardano tokens and plans to delist them, according toFortuneon Friday. Trading platforms such as Robinhood and eToro have also decided todelistmultiple cryptocurrencies after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this month against Coinbase and Binance.US and named a long list of cryptocurrencies as securities that were issued and sold without SEC approval.\n“Bitcoin and other cryptocurrencies were affected by increasingly changing sentiment toward crypto as traders could limit their risk-taking in the crypto market due to limited upside catalysts and particularly considering the legal risks in the US,” said Wael Makarem, senior market strategist at trading platformExness Group, in emailed comments.\n“The legal actions could scare away some investors from the market but could be relatively positive for Bitcoin’s dominance against other cryptocurrencies. In this regard, Bitcoin has also been gaining ground against Ethereum,” said Makarem.\nThe Bitcoin balance on crypto exchanges reached a three-month low of 2,281,978.198 tokens on Sunday, according to blockchain data trackerGlassnode, which reduced some selling pressure as investors normally move tokens to exchanges when they plan to sell.\nXRP logged gains for the past 24 hours, rising 1.01% to US$0.4859, but losing 6.34% for the week.\nFinTech firm Ripple Labs, whose crypto payment platform is powered by XRP, announced on Friday apartnershipwith Columbia’s central bank to explore the use of blockchain technologies in the country’s digital payment system.\nLast Friday, MakerDAO’s stablecoin Dai replaced Binance USD (BUSD) as the third largest stablecoin by market cap. BUSD has seen its market cap falling over 10% in the past seven days, after the SEC issuedcharges against Binanceon June 5, according to data fromCoinGecko.\nThe total cryptocurrency market cap dipped 0.53% to US$1.07 trillion in the last 24 hours, while crypto trading volume fell 18.47% to US$19.69 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.16% to 2,878.56 in the 24 hours to 09:30 a.m. in Hong Kong. The index is down 4.80% for the seven days.\nNFT sales on Ethereum fell 20.61% in the past 24 hours to US$11.06 million, according toCryptoSlamdata. Sales on the Bitcoin blockchain slid 44.71% to US$882,550.\n“Sales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air,”saidYehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nDespite the decline, Sotheby’s NFT auction sawRingers #879, an Ethereum-based NFT created by Canadian artist Dmitri Cherniak, sell for US$6.2 million on Friday, the second highest sale of a piece of generative art, or created using autonomous systems.\n“Sotheby’s auction concluded and saw $10.9m in sales, over half of which was from the Ringers grail,” said Petscher, “It’s worth noting that the supposed buyer already a major NFT trader, so this auction didn’t seem to draw attention from the traditional art world. Is it bullish still for NFT art? Yes, but there’s still always concern that the NFT ecosystem is largely an echochamber.”\nElsewhere, the U.S. sportswear giant Nike released ateaseron Saturday which appears to be an NFT collaboration with online video game Fortnite, which will be unveiled on June 20. .SWOOSH, Nike’s Web 3.0 platform that issues NFT sneakers, also announced apartnershipwith sports video game publisher EA Sports earlier this month.\n“A new innovation has reached Ethereum calledethscriptions, inspired by inscriptions on Bitcoin. This new process allows you to inscribe tiny images (under 96kb) on mostly any Ethereum transaction, thus allowing cheap on-chain image storage,” said Petscher.\n“The innovation here is the ease of storing an image on-chain, which is typically avoided in standard contract storage due to the high cost. In just a few days nearly 200ETH of secondary volume has been transacted, most from a sold out 10k collection of Ethereum Punks.”\nU.S. stock futures traded mixed as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.10%, the S&P 500 inched up 0.01%, while Nasdaq futures added 0.16%. The U.S. stock market is closed Monday for a public holiday and will open on Tuesday.\nThe three major U.S. stock indexes all closed lower on Friday but logged gains for the week, as investors sorted through mixed signals from economic data and comments from Federal Reserve officials on Friday.\nAsurveyby the University of Michigan on Friday showed consumers expect annual inflation of 3.3% over the next year, the lowest since March 2021, but still above the Federal Reserve’s goal of annual inflation below 2%.\nFederal Reserve GovernorChristopher Wallerand Richmond Federal Reserve Bank PresidentThomas Barkinsaid on Friday that more interest rate hikes might be required to fight inflation.\n“We’re seeing policy rates having some effects on parts of the economy. The labor market is still strong, but core-kind of inflation is just not moving and that’s going to require probably some more tightening to try to get that going down,” said Waller in his Friday speech.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike.\nMeanwhile in China, analysts expect the country’s central bank to make a 10 basis-point cut to its one-year and five-year loan prime rates on Tuesday, lowering the rates to 3.55% and 4.20% as the country struggles with a slow post-Covid recovery, according toReuterson Monday.\n(Updates with equities section.)', 'Bitcoin dipped on Monday morning in Asia after reclaiming the US$26,000 support level over the weekend. Ether also fell back, but held above US$1,700. \xa0XRP, Dogecoin and Litecoin were the only gainers among the top 10 non-stablecoin cryptocurrencies, while Tron\x92s TRX led the losers. The U.S.-based crypto exchange Bakkt reportedly joined other trading platforms in delisting Polygon, Solana and Cardano after the U.S. regulator this month labelled them illegally issued financial securities. U.S. equity markets are closed Monday for a public holiday, but they could gain in the week ahead as economic data on Friday pointed to slowing inflation, while the first visit to China in almost five years by a top U.S. diplomat could be a positive for capital markets. Bitcoin, Ether dip; XRP rises Bitcoin fell 0.97% over the last 24 hours to US$26,308 at 07:00 a.m. in Hong Kong, but held onto a weekly gain of 1.58%, according to data from CoinMarketCap. The world\x92s largest cryptocurrency breached the US$26,000 level on Saturday to reach a seven-day high of US$26,769. The token had slumped to three-month lows at the end of last week. Ether edged down 0.82% to US$1,716, logging a weekly loss of 2.18%. With the exception of XRP, other top 10 non-stablecoin cryptocurrencies traded lower in the past 24 hours. Polygon\x92s Matic led the losers, slumping 3.22% to US$0.5971 and down 5.88% over the past seven days. New York-based crypto exchange Bakkt has suspended trading of Polygon, Solana and Cardano tokens and plans to delist them, according to Fortune on Friday. Trading platforms such as Robinhood and eToro have also decided to delist multiple cryptocurrencies after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this month against Coinbase and Binance.US and named a long list of cryptocurrencies as securities that were issued and sold without SEC approval. \x93Bitcoin and other cryptocurrencies were affected by increasingly changing sentiment toward crypto as traders could limit their risk-taking in the crypto market due to limited upside catalysts and particularly considering the legal risks in the US,\x94 said Wael Makarem, senior market strategist at trading platform Exness Group , in emailed comments. Story continues \x93The legal actions could scare away some investors from the market but could be relatively positive for Bitcoin\x92s dominance against other cryptocurrencies. In this regard, Bitcoin has also been gaining ground against Ethereum,\x94 said Makarem. The Bitcoin balance on crypto exchanges reached a three-month low of 2,281,978.198 tokens on Sunday, according to blockchain data tracker Glassnode , which reduced some selling pressure as investors normally move tokens to exchanges when they plan to sell. XRP logged gains for the past 24 hours, rising 1.01% to US$0.4859, but losing 6.34% for the week. FinTech firm Ripple Labs, whose crypto payment platform is powered by XRP, announced on Friday a partnership with Columbia\x92s central bank to explore the use of blockchain technologies in the country\x92s digital payment system. Last Friday, MakerDAO\x92s stablecoin Dai replaced Binance USD (BUSD) as the third largest stablecoin by market cap. BUSD has seen its market cap falling over 10% in the past seven days, after the SEC issued charges against Binance on June 5, according to data from CoinGecko . The total cryptocurrency market cap dipped 0.53% to US$1.07 trillion in the last 24 hours, while crypto trading volume fell 18.47% to US$19.69 billion, according to CoinMarketCap data. Ethereum NFT sales fall, Nike teases deal with Fortnite The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.16% to 2,878.56 in the 24 hours to 09:30 a.m. in Hong Kong. The index is down 4.80% for the seven days. NFT sales on Ethereum fell 20.61% in the past 24 hours to US$11.06 million, according to CryptoSlam data. Sales on the Bitcoin blockchain slid 44.71% to US$882,550. \x93Sales across Ethereum and Bitcoin continue to lose steam, and it\x92s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Despite the decline, Sotheby\x92s NFT auction saw Ringers #879 , an Ethereum-based NFT created by Canadian artist Dmitri Cherniak, sell for US$6.2 million on Friday, the second highest sale of a piece of generative art, or created using autonomous systems. \x93Sotheby\x92s auction concluded and saw $10.9m in sales, over half of which was from the Ringers grail,\x94 said Petscher, \x93It\x92s worth noting that the supposed buyer already a major NFT trader, so this auction didn\x92t seem to draw attention from the traditional art world. Is it bullish still for NFT art? Yes, but there\x92s still always concern that the NFT ecosystem is largely an echochamber.\x94 Elsewhere, the U.S. sportswear giant Nike released a teaser on Saturday which appears to be an NFT collaboration with online video game Fortnite, which will be unveiled on June 20. .SWOOSH, Nike\x92s Web 3.0 platform that issues NFT sneakers, also announced a partnership with sports video game publisher EA Sports earlier this month. \x93A new innovation has reached Ethereum called ethscriptions , inspired by inscriptions on Bitcoin. This new process allows you to inscribe tiny images (under 96kb) on mostly any Ethereum transaction, thus allowing cheap on-chain image storage,\x94 said Petscher. \x93The innovation here is the ease of storing an image on-chain, which is typically avoided in standard contract storage due to the high cost. In just a few days nearly 200ETH of secondary volume has been transacted, most from a sold out 10k collection of Ethereum Punks.\x94 U.S. futures trade mixed Image: Envato Elements U.S. stock futures traded mixed as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.10%, the S&P 500 inched up 0.01%, while Nasdaq futures added 0.16%. The U.S. stock market is closed Monday for a public holiday and will open on Tuesday. The three major U.S. stock indexes all closed lower on Friday but logged gains for the week, as investors sorted through mixed signals from economic data and comments from Federal Reserve officials on Friday. A survey by the University of Michigan on Friday showed consumers expect annual inflation of 3.3% over the next year, the lowest since March 2021, but still above the Federal Reserve\x92s goal of annual inflation below 2%. Federal Reserve Governor Christopher Waller and Richmond Federal Reserve Bank President Thomas Barkin said on Friday that more interest rate hikes might be required to fight inflation. \x93We\x92re seeing policy rates having some effects on parts of the economy. The labor market is still strong, but core-kind of inflation is just not moving and that\x92s going to require probably some more tightening to try to get that going down,\x94 said Waller in his Friday speech. The Federal Reserve will meet on July 26 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike. Meanwhile in China, analysts expect the country\x92s central bank to make a 10 basis-point cut to its one-year and five-year loan prime rates on Tuesday, lowering the rates to 3.55% and 4.20% as the country struggles with a slow post-Covid recovery, according to Reuters on Monday. (Updates with equities section.)', 'Bitcoin dipped on Monday morning in Asia after reclaiming the US$26,000 support level over the weekend. Ether also fell back, but held above US$1,700. \xa0XRP, Dogecoin and Litecoin were the only gainers among the top 10 non-stablecoin cryptocurrencies, while Tron’s TRX led the losers. The U.S.-based crypto exchange Bakkt reportedly joined other trading platforms in delisting Polygon, Solana and Cardano after the U.S. regulator this month labelled them illegally issued financial securities. U.S. equity markets are closed Monday for a public holiday, but they could gain in the week ahead aseconomic dataon Friday pointed to slowing inflation, while the first visit to China in almost five years by a top U.S.diplomatcould be a positive for capital markets.\nBitcoin fell 0.97% over the last 24 hours to US$26,308 at 07:00 a.m. in Hong Kong, but held onto a weekly gain of 1.58%, according todatafrom CoinMarketCap.\nThe world’s largest cryptocurrency breached the US$26,000 level on Saturday to reach a seven-day high of US$26,769. The token had slumped to three-month lows at the end of last week.\nEther edged down 0.82% to US$1,716, logging a weekly loss of 2.18%.\nWith the exception of XRP, other top 10 non-stablecoin cryptocurrencies traded lower in the past 24 hours. Polygon’s Matic led the losers, slumping 3.22% to US$0.5971 and down 5.88% over the past seven days.\nNew York-based crypto exchange Bakkt has suspended trading of Polygon, Solana and Cardano tokens and plans to delist them, according toFortuneon Friday. Trading platforms such as Robinhood and eToro have also decided todelistmultiple cryptocurrencies after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this month against Coinbase and Binance.US and named a long list of cryptocurrencies as securities that were issued and sold without SEC approval.\n“Bitcoin and other cryptocurrencies were affected by increasingly changing sentiment toward crypto as traders could limit their risk-taking in the crypto market due to limited upside catalysts and particularly considering the legal risks in the US,” said Wael Makarem, senior market strategist at trading platformExness Group, in emailed comments.\n“The legal actions could scare away some investors from the market but could be relatively positive for Bitcoin’s dominance against other cryptocurrencies. In this regard, Bitcoin has also been gaining ground against Ethereum,” said Makarem.\nThe Bitcoin balance on crypto exchanges reached a three-month low of 2,281,978.198 tokens on Sunday, according to blockchain data trackerGlassnode, which reduced some selling pressure as investors normally move tokens to exchanges when they plan to sell.\nXRP logged gains for the past 24 hours, rising 1.01% to US$0.4859, but losing 6.34% for the week.\nFinTech firm Ripple Labs, whose crypto payment platform is powered by XRP, announced on Friday apartnershipwith Columbia’s central bank to explore the use of blockchain technologies in the country’s digital payment system.\nLast Friday, MakerDAO’s stablecoin Dai replaced Binance USD (BUSD) as the third largest stablecoin by market cap. BUSD has seen its market cap falling over 10% in the past seven days, after the SEC issuedcharges against Binanceon June 5, according to data fromCoinGecko.\nThe total cryptocurrency market cap dipped 0.53% to US$1.07 trillion in the last 24 hours, while crypto trading volume fell 18.47% to US$19.69 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.16% to 2,878.56 in the 24 hours to 09:30 a.m. in Hong Kong. The index is down 4.80% for the seven days.\nNFT sales on Ethereum fell 20.61% in the past 24 hours to US$11.06 million, according toCryptoSlamdata. Sales on the Bitcoin blockchain slid 44.71% to US$882,550.\n“Sales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air,”saidYehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nDespite the decline, Sotheby’s NFT auction sawRingers #879, an Ethereum-based NFT created by Canadian artist Dmitri Cherniak, sell for US$6.2 million on Friday, the second highest sale of a piece of generative art, or created using autonomous systems.\n“Sotheby’s auction concluded and saw $10.9m in sales, over half of which was from the Ringers grail,” said Petscher, “It’s worth noting that the supposed buyer already a major NFT trader, so this auction didn’t seem to draw attention from the traditional art world. Is it bullish still for NFT art? Yes, but there’s still always concern that the NFT ecosystem is largely an echochamber.”\nElsewhere, the U.S. sportswear giant Nike released ateaseron Saturday which appears to be an NFT collaboration with online video game Fortnite, which will be unveiled on June 20. .SWOOSH, Nike’s Web 3.0 platform that issues NFT sneakers, also announced apartnershipwith sports video game publisher EA Sports earlier this month.\n“A new innovation has reached Ethereum calledethscriptions, inspired by inscriptions on Bitcoin. This new process allows you to inscribe tiny images (under 96kb) on mostly any Ethereum transaction, thus allowing cheap on-chain image storage,” said Petscher.\n“The innovation here is the ease of storing an image on-chain, which is typically avoided in standard contract storage due to the high cost. In just a few days nearly 200ETH of secondary volume has been transacted, most from a sold out 10k collection of Ethereum Punks.”\nU.S. stock futures traded mixed as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.10%, the S&P 500 inched up 0.01%, while Nasdaq futures added 0.16%. The U.S. stock market is closed Monday for a public holiday and will open on Tuesday.\nThe three major U.S. stock indexes all closed lower on Friday but logged gains for the week, as investors sorted through mixed signals from economic data and comments from Federal Reserve officials on Friday.\nAsurveyby the University of Michigan on Friday showed consumers expect annual inflation of 3.3% over the next year, the lowest since March 2021, but still above the Federal Reserve’s goal of annual inflation below 2%.\nFederal Reserve GovernorChristopher Wallerand Richmond Federal Reserve Bank PresidentThomas Barkinsaid on Friday that more interest rate hikes might be required to fight inflation.\n“We’re seeing policy rates having some effects on parts of the economy. The labor market is still strong, but core-kind of inflation is just not moving and that’s going to require probably some more tightening to try to get that going down,” said Waller in his Friday speech.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike.\nMeanwhile in China, analysts expect the country’s central bank to make a 10 basis-point cut to its one-year and five-year loan prime rates on Tuesday, lowering the rates to 3.55% and 4.20% as the country struggles with a slow post-Covid recovery, according toReuterson Monday.\n(Updates with equities section.)', 'Good morning. Here’s what’s happening:\nPrices:BitBull Capital\'s Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what\'s needed to stop it from struggling in the future.\nInsights:Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues?\nCoinDesk Market Index (CMI)\n1,108\n−5.5▼0.5%\nBitcoin (BTC)\n$26,366\n−144.8▼0.5%\nEthereum (ETH)\n$1,724\n−2.9▼0.2%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,969\n+10.9▲0.6%\nNikkei 225\n33,706.08\n+220.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,108", "\\u22125.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,366", "\\u2212144.8\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,724", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,969", "+10.9\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,706.08", "+220.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Rate Hike Pause Enough for a Rally?\nBitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724.\nThe trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%. TheCoinDesk Market Index, a measure of crypto markets performance, was slightly in the red.\n“With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.”\nBitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term.\n“For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+1.5%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}]\nIndonesia’s Approved List of Crypto Tokens Has Plenty of Junk – and Possible Securities\nOne of the stories that was missed during the last weekwas an updated listfrom the Indonesian Commodities Bureau (BAPPEBTI) that shows which digital assets are approved for trading in the country.\nThis isn’t the first time the regulator has done this. Last September, the regulator publishedits initial list, and now it\'s much more expansive.\nBut it\'s interesting now because of the timing.\nSo many of the tokens on the list would be considered securities in the U.S.Tokens namedby the Securities and Exchange Commission (SEC) as securities, like Solana (SOL), Cardano (ADA), and Decentraland (MANA) are on there. Tokens that wouldn’t passHong Kong’s quality testof high liquidity and a 12-month track record are on there.\nPerhaps the message the regulator wanted to telegraph is that Indonesia is open to a wide variety of crypto trading – it justwants the capital gains tax from it.\nIt gets that sought-after tax by taking a light touch on the quality of trading by allowing quantity. Lots of Hong Kongers were burned on the collapse of FTX, which is why the regulator there has an eye on quality control. Indonesia is more set on capturing tax revenue as its middle class grows, something ithas had trouble doingwith itslarge informal economy.\nThe concerns are just different in Indonesia. There are also plenty of tokens on the list that wouldn’t cut it in Thailand, like PEPE and Floki – where theregulator has bannedmeme tokens. There’s not a demand for a flight to quality with regulated crypto in this country.\nBut isn\'t that a core tenant of a free-market economy? Why is the government in the best position to pick your crypto?\n6:00 p.m. HKT/SGT(10:00 UTC)German Buba Monthly Report\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Industrial Product Price\n10 p.m. HKT/SGT(14:00 UTC)NAHB Housing Market Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Files for a Spot Bitcoin ETF; Binance Under Investigation in France\nBinance\'s French unit is under investigation for the "illegal" provision of digital asset services and "acts of aggravated money laundering." BlackRock (BLK) iShares had filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Anthony Georgiades, Innovating Capital General Partner, weighed in on market reaction. Plus, Cboe Digital President John Palmer joined to discuss gaining CFTC approval to launch margin futures on bitcoin and ether. Generative artist Dmitri Cherniak\'s Ringers #879 non-fungible token (NFT) sold at auction for a full price of $6.2 million. Sotheby’s Head of Digital Art and NFTs Michael Bouhanna joined the conversation.\nTether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents:Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.\nBinance to Quit Netherlands After Failing to Acquire License:The crypto exchange\'s attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful.\nCentral Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments:An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.\nProfessional Investors Still Have an Appetite for Digital Assets, Survey:A survey by Nomura’s digital asset subsidiary shows that investors overwhelmingly say digital assets represent an important diversification opportunity.\nBlackRock’s Bitcoin ETF Would Be a Big Deal:And it doesn’t really matter if it’s technically a trust.', 'Good morning. Here’s what’s happening: Prices: BitBull Capital\'s Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what\'s needed to stop it from struggling in the future. Insights: Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues? Prices CoinDesk Market Index (CMI) 1,108 −5.5 ▼ 0.5% Bitcoin (BTC) $26,366 −144.8 ▼ 0.5% Ethereum (ETH) $1,724 −2.9 ▼ 0.2% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,969 +10.9 ▲ 0.6% Nikkei 225 33,706.08 +220.6 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,108 −5.5 ▼ 0.5% Bitcoin (BTC) $26,366 −144.8 ▼ 0.5% Ethereum (ETH) $1,724 −2.9 ▼ 0.2% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,969 +10.9 ▲ 0.6% Nikkei 225 33,706.08 +220.6 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is a Rate Hike Pause Enough for a Rally? Bitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724. The trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%. The CoinDesk Market Index , a measure of crypto markets performance, was slightly in the red. “With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.” Bitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term. “For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +3.5% Currency XRP XRP +1.5% Currency Polkadot DOT +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −3.8% Smart Contract Platform Loopring LRC −2.7% Smart Contract Platform Terra LUNA −2.6% Smart Contract Platform Insights Indonesia’s Approved List of Crypto Tokens Has Plenty of Junk – and Possible Securities One of the stories that was missed during the last week was an updated list from the Indonesian Commodities Bureau (BAPPEBTI) that shows which digital assets are approved for trading in the country. This isn’t the first time the regulator has done this. Last September, the regulator published its initial list , and now it\'s much more expansive. But it\'s interesting now because of the timing. So many of the tokens on the list would be considered securities in the U.S. Tokens named by the Securities and Exchange Commission (SEC) as securities, like Solana (SOL), Cardano (ADA), and Decentraland (MANA) are on there. Tokens that wouldn’t pass Hong Kong’s quality test of high liquidity and a 12-month track record are on there. Perhaps the message the regulator wanted to telegraph is that Indonesia is open to a wide variety of crypto trading – it just wants the capital gains tax from it. It gets that sought-after tax by taking a light touch on the quality of trading by allowing quantity. Lots of Hong Kongers were burned on the collapse of FTX, which is why the regulator there has an eye on quality control. Indonesia is more set on capturing tax revenue as its middle class grows, something it has had trouble doing with its large informal economy. The concerns are just different in Indonesia. There are also plenty of tokens on the list that wouldn’t cut it in Thailand, like PEPE and Floki – where the regulator has banned meme tokens. There’s not a demand for a flight to quality with regulated crypto in this country. But isn\'t that a core tenant of a free-market economy? Why is the government in the best position to pick your crypto? Important events. 6:00 p.m. HKT/SGT(10:00 UTC) German Buba Monthly Report 8:30 p.m. HKT/SGT(12:30 UTC) Canada Industrial Product Price 10 p.m. HKT/SGT(14:00 UTC) NAHB Housing Market Index (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BlackRock Files for a Spot Bitcoin ETF; Binance Under Investigation in France Binance\'s French unit is under investigation for the "illegal" provision of digital asset services and "acts of aggravated money laundering." BlackRock (BLK) iShares had filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Anthony Georgiades, Innovating Capital General Partner, weighed in on market reaction. Plus, Cboe Digital President John Palmer joined to discuss gaining CFTC approval to launch margin futures on bitcoin and ether. Generative artist Dmitri Cherniak\'s Ringers #879 non-fungible token (NFT) sold at auction for a full price of $6.2 million. Sotheby’s Head of Digital Art and NFTs Michael Bouhanna joined the conversation. Headlines Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents : Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin. Binance to Quit Netherlands After Failing to Acquire License : The crypto exchange\'s attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful. Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments : An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown. Professional Investors Still Have an Appetite for Digital Assets, Survey : A survey by Nomura’s digital asset subsidiary shows that investors overwhelmingly say digital assets represent an important diversification opportunity. BlackRock’s Bitcoin ETF Would Be a Big Deal : And it doesn’t really matter if it’s technically a trust.', 'Good morning. Here’s what’s happening:\nPrices:BitBull Capital\'s Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what\'s needed to stop it from struggling in the future.\nInsights:Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues?\nCoinDesk Market Index (CMI)\n1,108\n−5.5▼0.5%\nBitcoin (BTC)\n$26,366\n−144.8▼0.5%\nEthereum (ETH)\n$1,724\n−2.9▼0.2%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,969\n+10.9▲0.6%\nNikkei 225\n33,706.08\n+220.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,108", "\\u22125.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,366", "\\u2212144.8\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,724", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,969", "+10.9\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,706.08", "+220.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Rate Hike Pause Enough for a Rally?\nBitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724.\nThe trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%. TheCoinDesk Market Index, a measure of crypto markets performance, was slightly in the red.\n“With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.”\nBitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term.\n“For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+1.5%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}]\nIndonesia’s Approved List of Crypto Tokens Has Plenty of Junk – and Possible Securities\nOne of the stories that was missed during the last weekwas an updated listfrom the Indonesian Commodities Bureau (BAPPEBTI) that shows which digital assets are approved for trading in the country.\nThis isn’t the first time the regulator has done this. Last September, the regulator publishedits initial list, and now it\'s much more expansive.\nBut it\'s interesting now because of the timing.\nSo many of the tokens on the list would be considered securities in the U.S.Tokens namedby the Securities and Exchange Commission (SEC) as securities, like Solana (SOL), Cardano (ADA), and Decentraland (MANA) are on there. Tokens that wouldn’t passHong Kong’s quality testof high liquidity and a 12-month track record are on there.\nPerhaps the message the regulator wanted to telegraph is that Indonesia is open to a wide variety of crypto trading – it justwants the capital gains tax from it.\nIt gets that sought-after tax by taking a light touch on the quality of trading by allowing quantity. Lots of Hong Kongers were burned on the collapse of FTX, which is why the regulator there has an eye on quality control. Indonesia is more set on capturing tax revenue as its middle class grows, something ithas had trouble doingwith itslarge informal economy.\nThe concerns are just different in Indonesia. There are also plenty of tokens on the list that wouldn’t cut it in Thailand, like PEPE and Floki – where theregulator has bannedmeme tokens. There’s not a demand for a flight to quality with regulated crypto in this country.\nBut isn\'t that a core tenant of a free-market economy? Why is the government in the best position to pick your crypto?\n6:00 p.m. HKT/SGT(10:00 UTC)German Buba Monthly Report\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Industrial Product Price\n10 p.m. HKT/SGT(14:00 UTC)NAHB Housing Market Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Files for a Spot Bitcoin ETF; Binance Under Investigation in France\nBinance\'s French unit is under investigation for the "illegal" provision of digital asset services and "acts of aggravated money laundering." BlackRock (BLK) iShares had filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Anthony Georgiades, Innovating Capital General Partner, weighed in on market reaction. Plus, Cboe Digital President John Palmer joined to discuss gaining CFTC approval to launch margin futures on bitcoin and ether. Generative artist Dmitri Cherniak\'s Ringers #879 non-fungible token (NFT) sold at auction for a full price of $6.2 million. Sotheby’s Head of Digital Art and NFTs Michael Bouhanna joined the conversation.\nTether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents:Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.\nBinance to Quit Netherlands After Failing to Acquire License:The crypto exchange\'s attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful.\nCentral Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments:An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.\nProfessional Investors Still Have an Appetite for Digital Assets, Survey:A survey by Nomura’s digital asset subsidiary shows that investors overwhelmingly say digital assets represent an important diversification opportunity.\nBlackRock’s Bitcoin ETF Would Be a Big Deal:And it doesn’t really matter if it’s technically a trust.', 'A new protocol called Ethscriptions has generated significant interest within theEthereumcommunity, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on theBitcoinnetwork, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community\'s openness to innovation and experimentation.\nThe debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain\'s ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption.', 'A new protocol called Ethscriptions has generated significant interest within theEthereumcommunity, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on theBitcoinnetwork, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community\'s openness to innovation and experimentation.\nThe debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain\'s ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption.', 'Ethscriptions Launch on Ethereum Following Inscriptions on Bitcoin The Protocol Leverages Ethereum "Calldata" and is Considered Cheaper and More Decentralized Than Using Contract Storage A new protocol called Ethscriptions has generated significant interest within the Ethereum community, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on the Bitcoin network, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community\'s openness to innovation and experimentation. The debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain\'s ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption. View comments', 'The release of theHinman paperslast week in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple is a boost to ether (ETH), and is likely to trigger a move to more decentralization in the crypto market, JPMorgan (JPM) said in a research report Thursday.\nEmailstied to former Director of Corporation Finance William Hinman’s2018 speechsaying ether did not look like a security were published last Tuesday by Ripple in itsdefense against an SEC lawsuit.\nSenior leadership at the SEC did not rank ether as a security in 2018, the report noted, and SEC officials acknowledged that the “fact that tokens on a sufficiently decentralized network are no longer securities creates a regulatory gap.”\n“The speech acknowledges that there is an other category,” analysts led by Nikolaos Panigirtzoglou wrote, adding that “it is not a security because there is no controlling group (at least in the Howey sense) yet there may be a need for regulation to protect purchasers.”\nPanigirtzoglou was referring to theHowey Test, which is used to determine which transactions qualify as investment contracts and thus subject to U.S. securities laws. An asset can be classed as a security if there is an investment of money in a common enterprise and the expectation of profits derived from the efforts of others.\nJPMorgan says these revelations could explain why the regulator has not taken action against ether while targeting other crypto tokens this year.\n“The Hinman documents are likely to influence the direction of the current U.S. congressional effort to regulate the crypto industry in a way that ether would avoid being designated as a security,” the analysts wrote.\nThe easiest solution for Congress would be to put ether in the same category as bitcoin (BTC), and regulate it as a commodity under the oversight of the Commodity Futures Trading Commission (CFTC).\nA new “other category” could be introduced specific to ether and other cryptocurrencies that are decentralized enough to avoid being classed as securities, the bank said, adding that the “more decentralized a cryptocurrency is the higher its chance that it would avoid being designated as a security.”\nThe Hinman documents will probably intensify the race among major cryptocurrencies to become more decentralized and look more like ether, the report said.\nRead more:Classifying Crypto Tokens as Securities Will Hamper Some Blockchain’s Decentralization Efforts, Bernstein Says', 'The release of the Hinman papers last week in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple is a boost to ether (ETH), and is likely to trigger a move to more decentralization in the crypto Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $513,280,369,519 - Hash Rate: 369534333.3997841 - Transaction Count: 415604.0 - Unique Addresses: 614017.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Jody Godoy June 7 (Reuters) - Determining whether digital tokens are securities will be central to the high-stakes case brought by U.S. regulators alleging crypto platform Coinbase violated the law by failing to register as a securities exchange, broker and clearing agency. WHAT IS THE SEC ALLEGING? The Securities and Exchange Commission (SEC) sued Coinbase on Tuesday in Manhattan federal court and accused the largest U.S. cryptocurrency platform of operating illegally by evading disclosure requirements. The SEC said Coinbase allowed users to trade at least 13 crypto assets that should have been registered as securities, including tokens such as Solana, Cardano and Polygon. The regulator is seeking financial penalties and wants a judge to order Coinbase to follow U.S. securities law. The SEC has brought more than a hundred enforcement actions in the past decade claiming various cryptocurrencies are securities, but the Coinbase case will be the biggest test yet of the regulator's jurisdiction over the industry. The regulator this week also sued Binance, claiming the world's largest crypto exchange engaged in "an elaborate scheme to evade U.S. federal securities laws." Coinbase has denied listing any securities. Binance has called the case disappointing and said it plans to defend against the claims. Coinbase and other industry players have been adamant that cryptocurrencies - which operate on a database shared across a network of computers, known as a blockchain - do not fit the definition of securities under U.S. law. WHAT IS A 'SECURITY' UNDER U.S. LAW? To argue that crypto assets are securities, the SEC has relied on a U.S. Supreme Court case from 1946. The case dealt with investors in Florida orange groves owned by the W. J. Howey Co. The court ruled that "an investment of money in a common enterprise with profits to come solely from the efforts of others," is a kind of security called an investment contract. The SEC had jurisdiction to seek to prevent Howey from selling to out-of-state investors fractional land interests with a contract to provide profit from the harvest, the court said. Securities, as opposed to other assets such as commodities, are strictly regulated and require detailed disclosures to inform investors of potential risks. WHAT MAKES A CRYPTO ASSET A SECURITY? Many of the SEC's crypto-related cases have ended in settlements, with companies paying fines and agreeing to follow U.S. law. In some cases, this has meant exiting the U.S. market or closing a cryptocurrency project. In the few cases that have been decided in court, judges have agreed with the SEC that specific crypto assets are securities. Those rulings said developers' statements tying the value of their digital assets to efforts to grow or maintain the associated blockchain systems showed that investor profits depended on the "efforts of others." Courts have also decided that investors in those assets participated in a "common enterprise" because the funds they spent were pooled by the token issuer and used to develop relevant systems. The SEC's case against Ripple Labs over XRP, currently the world's six-largest cryptocurrency, is likely to be the next case decided. Ripple has said there was no common enterprise, since the blockchain associated with the cryptocurrency was fully operational before XRP was ever sold. WHAT ABOUT BITCOIN? Bitcoin is not considered a security because its anonymous and open-source origins mean investor profits are not dependent on the efforts of developers or managers, said Carol Goforth, a law professor at the University of Arkansas. Some blockchain projects have tried to fund their operations in two stages, by offering securities under SEC regulations and later giving or selling those investors cryptocurrency after building a functional blockchain. Goforth said the developers hoped that approach would remove the "comment enterprise" element but she added the SEC has never clarified what it would take to convert a security to a non-security. HOW WILL THE COINBASE CASE UNFOLD? Coinbase CEO Brian Armstrong said on Twitter after the lawsuit was filed that the company is "proud to represent the industry in court to finally get some clarity around crypto rules." But a ruling on the central issue could take years. The Ripple case, which involves only one cryptocurrency, has taken two-and-a-half years to reach the point where a ruling is possible. The SEC has alleged in the Coinbase case that 13 different digital assets sold on the platform are securities. (Reporting by Jody Godoy in New York Editing by Nick Zieminski)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: BTC was trading at $26.8K, but Oanda Senior Market Analyst Craig Erlam is skeptical that bitcoin\'s price will rise significantly in the months ahead amid uncertain industry and economic news. Insights: A number of crypto exchanges feature market makers. Do they create conflicts of interest? An FT story looks at Crypto.com\'s market maker. Prices CoinDesk Market Index (CMI) 1,120 +12.6 ▲ 1.1% Bitcoin (BTC) $26,816 +440.3 ▲ 1.7% Ethereum (ETH) $1,736 +11.5 ▲ 0.7% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,963 +4.8 ▲ 0.2% Nikkei 225 33,370.42 −335.7 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,120 +12.6 ▲ 1.1% Bitcoin (BTC) $26,816 +440.3 ▲ 1.7% Ethereum (ETH) $1,736 +11.5 ▲ 0.7% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,963 +4.8 ▲ 0.2% Nikkei 225 33,370.42 −335.7 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) BlackRock has Buoyed the Market, but Bitcoin \'Looks Vulnerable\' Both bitcoin and ether are beginning the Asia trading day in the green, with the world’s largest digital asset up 1.7% to $26,816 while ether is up 0.7% to $1,736. While the market remains optimistic that BlackRock will be successful with its application for a bitcoin spot exchange-traded fund, Craig Erlam, a Senior Market Analyst with OANDA, said in a note that bitcoin still looks “vulnerable”. “Bitcoin ended last week quite positively after dropping to three-month lows on Wednesday, but it continues to look vulnerable to further declines,” Erlam said. “The two-month trend is not in its favour, and the news flow isn\'t exactly helping the situation either. It\'s had a remarkable year and remains more than 50% higher, so it\'s hardly a dire situation.” Erlam still thinks there’s a bull case for bitcoin, it just hasn’t been realized yet. The recent downturns, he argues, are simply a correction phase within an overall optimistic bull market. Story continues “However, there\'s little evidence indicating any imminent improvement, especially considering the Securities and Exchange Commission\'s intensifying scrutiny of major exchanges,” he concluded. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +4.3% Smart Contract Platform Polygon MATIC +3.1% Smart Contract Platform Bitcoin BTC +1.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Chainlink LINK −0.6% Computing Polkadot DOT −0.1% Smart Contract Platform Insights Should Crypto Exchanges Have Market Makers? Crypto.com has joined the club of crypto exchanges that operate an internal market maker, the Financial Times reported Monday . Market makers are entities that use their own capital to facilitate the trade of tokens on exchanges by taking the counter position on a trade, allowing investors to rapidly exit positions without a counterparty at the other end. If exchanges didn’t have market makers, their liquidity would be considerably thinner on all but the largest tokens. “We have an internal market maker that operates on the Crypto.com exchange, and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform,” the company told the FT. “This is not a controversial practice.” In the world of Decentralized Finance (DeFi), automated market makers are what allow platforms like Uniswap to exist. By their nature, most crypto exchanges operate internal market makers. Famously, Binance has Sigma Chain and Merit Peak ,which have been in the news recently. Disgraced FTX, had Alameda. Coinbase denies that it runs one. Participants on the platform, including market makers, are treated equally,” Crypto.com also told the FT. “[The exchange] does not rely on proprietary trading as a source of revenue”. Without having an internal market maker, it simply wouldn’t be profitable – or even perhaps possible – to list smaller cap tokens and expect a market to form around them. There just won’t be enough activity to quickly match buyers and sellers, making the bid depth unappealing to traders. Some exchanges instead choose to allow external market makers to operate on their platform. Bullish, for instance, uses B2C2, as an example . Operating internal market makers raises lots of possibilities for allegations of conflict of interest. Alameda was an investor in many of the tokens it traded as a market maker. Allegations that Sigma Chain or Merit Peak manipulates markets have yet to be proven in court. Of course, this isn’t a great look for the industry. But it’s just how it works. So many r etail equity trades operate in the same way – it\'s just how the industry works. DeFi’s automated market makers perhaps are a better option, as they are algorithmic and open source, but even these can be accused of bias. If Crypto.com really lied to outside parties, as the FT claims, about its market-making operations, then that’s a story. But as it stands, and as it said in its rebuttals to the FT’s questions, it’s just doing what everyone else does. Poor optics, yes, but welcome to crypto. Important events. 9:15 a.m. HKT/SGT(1:15 a.m. UTC): The People\'s Bank of China interest rate decision 9:35 a.m. HKT/SGT(1:35 a.m. UTC): Speech by Reserve Bank of Australia Assistant Governor Christopher Kent 8:30 p.m. H1HKT/SGT(12:30 p.m. UTC): U.S. Housing Starts (May) CoinDesk TV In case you missed it, here is the most recent episode of "The Hash" on CoinDesk TV : Abra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents "The Hash" hosts unpack today\'s top stories: Binance\'s French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump\'s NFT project. Headlines Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case: The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon. Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan: The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said. Ethereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether: Low validator limits have led to waiting times of over one month, as of Monday. Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a \'Scam\': Musk had previously engaged with the Bob token bot several times, aiding a value rise. UK Crypto, Stablecoin Laws Approved by Parliament\'s Upper House: The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.', 'Good morning. Here’s what’s happening:\nPrices:BTC was trading at $26.8K, but Oanda Senior Market Analyst Craig Erlam is skeptical that bitcoin\'s price will rise significantly in the months ahead amid uncertain industry and economic news.\nInsights:A number of crypto exchanges feature market makers. Do they create conflicts of interest? An FT story looks at Crypto.com\'s market maker.\nCoinDesk Market Index (CMI)\n1,120\n+12.6▲1.1%\nBitcoin (BTC)\n$26,816\n+440.3▲1.7%\nEthereum (ETH)\n$1,736\n+11.5▲0.7%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,963\n+4.8▲0.2%\nNikkei 225\n33,370.42\n−335.7▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,120", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,816", "+440.3\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,736", "+11.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,963", "+4.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,370.42", "\\u2212335.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBlackRock has Buoyed the Market, but Bitcoin \'Looks Vulnerable\'\nBoth bitcoin and ether are beginning the Asia trading day in the green, with the world’s largest digital asset up 1.7% to $26,816 while ether is up 0.7% to $1,736.\nWhile themarket remains optimisticthat BlackRock will be successful with its application for a bitcoin spot exchange-traded fund, Craig Erlam, a Senior Market Analyst with OANDA, said in a note that bitcoin still looks “vulnerable”.\n“Bitcoin ended last week quite positively after dropping to three-month lows on Wednesday, but it continues to look vulnerable to further declines,” Erlam said. “The two-month trend is not in its favour, and the news flow isn\'t exactly helping the situation either. It\'s had a remarkable year and remains more than 50% higher, so it\'s hardly a dire situation.”\nErlam still thinks there’s a bull case for bitcoin, it just hasn’t been realized yet.\nThe recent downturns, he argues, are simply a correction phase within an overall optimistic bull market.\n“However, there\'s little evidence indicating any imminent improvement, especially considering the Securities and Exchange Commission\'s intensifying scrutiny of major exchanges,” he concluded.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nShould Crypto Exchanges Have Market Makers?\nCrypto.comhas joined the club of crypto exchanges that operate an internal market maker, theFinancial Times reported Monday.\nMarket makers are entities that use their own capital to facilitate the trade of tokens on exchanges by taking the counter position on a trade, allowing investors to rapidly exit positions without a counterparty at the other end. If exchanges didn’t have market makers, their liquidity would be considerably thinner on all but the largest tokens.\n“We have an internal market maker that operates on theCrypto.comexchange, and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform,” the company told the FT. “This is not a controversial practice.”\nIn the world of Decentralized Finance (DeFi), automated market makers are what allow platforms like Uniswap to exist.\nBy their nature, most crypto exchanges operate internal market makers. Famously, Binance hasSigma Chain and Merit Peak,which havebeen in the news recently.Disgraced FTX, had Alameda.Coinbase deniesthat it runs one.\nParticipants on the platform, including market makers, are treated equally,”Crypto.comalso told the FT. “[The exchange] does not rely on proprietary trading as a source of revenue”.\nWithout having an internal market maker, it simply wouldn’t be profitable – or even perhaps possible – to list smaller cap tokens and expect a market to form around them. There just won’t be enough activity to quickly match buyers and sellers, making the bid depth unappealing to traders.\nSome exchanges instead choose to allow external market makers to operate on their platform. Bullish, for instance, uses B2C2,as an example.\nOperating internal market makers raises lots of possibilities for allegations of conflict of interest. Alameda was an investor in many of the tokens it traded as a market maker.Allegationsthat Sigma Chain or Merit Peak manipulates markets have yet to be proven in court.\nOf course, this isn’t a great look for the industry. But it’s just how it works. So many retail equity trades operatein the same way – it\'s just how the industry works. DeFi’s automated market makers perhaps are a better option, as they are algorithmic and open source, but even these can be accused of bias.\nIfCrypto.comreally lied to outside parties, as the FT claims, about its market-making operations, then that’s a story. But as it stands, and as it said in its rebuttals to the FT’s questions, it’s just doing what everyone else does. Poor optics, yes, but welcome to crypto.\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):The People\'s Bank of China interest rate decision\n9:35 a.m. HKT/SGT(1:35 a.m. UTC):Speech by Reserve Bank of Australia Assistant Governor Christopher Kent\n8:30 p.m. H1HKT/SGT(12:30 p.m. UTC):U.S. Housing Starts (May)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nAbra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents\n"The Hash" hosts unpack today\'s top stories: Binance\'s French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump\'s NFT project.\nDo Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case:The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon.\nHinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan:The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.\nEthereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether:Low validator limits have led to waiting times of over one month, as of Monday.\nMeme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a \'Scam\':Musk had previously engaged with the Bob token bot several times, aiding a value rise.\nUK Crypto, Stablecoin Laws Approved by Parliament\'s Upper House:The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.', 'Good morning. Here’s what’s happening:\nPrices:BTC was trading at $26.8K, but Oanda Senior Market Analyst Craig Erlam is skeptical that bitcoin\'s price will rise significantly in the months ahead amid uncertain industry and economic news.\nInsights:A number of crypto exchanges feature market makers. Do they create conflicts of interest? An FT story looks at Crypto.com\'s market maker.\nCoinDesk Market Index (CMI)\n1,120\n+12.6▲1.1%\nBitcoin (BTC)\n$26,816\n+440.3▲1.7%\nEthereum (ETH)\n$1,736\n+11.5▲0.7%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,963\n+4.8▲0.2%\nNikkei 225\n33,370.42\n−335.7▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,120", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,816", "+440.3\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,736", "+11.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,963", "+4.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,370.42", "\\u2212335.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBlackRock has Buoyed the Market, but Bitcoin \'Looks Vulnerable\'\nBoth bitcoin and ether are beginning the Asia trading day in the green, with the world’s largest digital asset up 1.7% to $26,816 while ether is up 0.7% to $1,736.\nWhile themarket remains optimisticthat BlackRock will be successful with its application for a bitcoin spot exchange-traded fund, Craig Erlam, a Senior Market Analyst with OANDA, said in a note that bitcoin still looks “vulnerable”.\n“Bitcoin ended last week quite positively after dropping to three-month lows on Wednesday, but it continues to look vulnerable to further declines,” Erlam said. “The two-month trend is not in its favour, and the news flow isn\'t exactly helping the situation either. It\'s had a remarkable year and remains more than 50% higher, so it\'s hardly a dire situation.”\nErlam still thinks there’s a bull case for bitcoin, it just hasn’t been realized yet.\nThe recent downturns, he argues, are simply a correction phase within an overall optimistic bull market.\n“However, there\'s little evidence indicating any imminent improvement, especially considering the Securities and Exchange Commission\'s intensifying scrutiny of major exchanges,” he concluded.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nShould Crypto Exchanges Have Market Makers?\nCrypto.comhas joined the club of crypto exchanges that operate an internal market maker, theFinancial Times reported Monday.\nMarket makers are entities that use their own capital to facilitate the trade of tokens on exchanges by taking the counter position on a trade, allowing investors to rapidly exit positions without a counterparty at the other end. If exchanges didn’t have market makers, their liquidity would be considerably thinner on all but the largest tokens.\n“We have an internal market maker that operates on theCrypto.comexchange, and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform,” the company told the FT. “This is not a controversial practice.”\nIn the world of Decentralized Finance (DeFi), automated market makers are what allow platforms like Uniswap to exist.\nBy their nature, most crypto exchanges operate internal market makers. Famously, Binance hasSigma Chain and Merit Peak,which havebeen in the news recently.Disgraced FTX, had Alameda.Coinbase deniesthat it runs one.\nParticipants on the platform, including market makers, are treated equally,”Crypto.comalso told the FT. “[The exchange] does not rely on proprietary trading as a source of revenue”.\nWithout having an internal market maker, it simply wouldn’t be profitable – or even perhaps possible – to list smaller cap tokens and expect a market to form around them. There just won’t be enough activity to quickly match buyers and sellers, making the bid depth unappealing to traders.\nSome exchanges instead choose to allow external market makers to operate on their platform. Bullish, for instance, uses B2C2,as an example.\nOperating internal market makers raises lots of possibilities for allegations of conflict of interest. Alameda was an investor in many of the tokens it traded as a market maker.Allegationsthat Sigma Chain or Merit Peak manipulates markets have yet to be proven in court.\nOf course, this isn’t a great look for the industry. But it’s just how it works. So many retail equity trades operatein the same way – it\'s just how the industry works. DeFi’s automated market makers perhaps are a better option, as they are algorithmic and open source, but even these can be accused of bias.\nIfCrypto.comreally lied to outside parties, as the FT claims, about its market-making operations, then that’s a story. But as it stands, and as it said in its rebuttals to the FT’s questions, it’s just doing what everyone else does. Poor optics, yes, but welcome to crypto.\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):The People\'s Bank of China interest rate decision\n9:35 a.m. HKT/SGT(1:35 a.m. UTC):Speech by Reserve Bank of Australia Assistant Governor Christopher Kent\n8:30 p.m. H1HKT/SGT(12:30 p.m. UTC):U.S. Housing Starts (May)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nAbra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents\n"The Hash" hosts unpack today\'s top stories: Binance\'s French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump\'s NFT project.\nDo Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case:The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon.\nHinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan:The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.\nEthereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether:Low validator limits have led to waiting times of over one month, as of Monday.\nMeme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a \'Scam\':Musk had previously engaged with the Bob token bot several times, aiding a value rise.\nUK Crypto, Stablecoin Laws Approved by Parliament\'s Upper House:The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.', 'Bitcoin rose in Tuesday morning trading in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin cryptocurrencies. Binance’s BNB token was little changed to lower on signs the world’s largest crypto exchange may be winding down its expansion in Europe amid widespread regulatory woes. Equity futures in the U.S. edged lower after the long weekend break, recent mixed signals on the state of inflation, and speculation about more interest rate hikes by the Federal Reserve.\nBitcoin rose 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong, moving up 3.21% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a weekly high of US$26,984 early Tuesday to test resistance at US$27,000.\nEther gained 0.86% to US$1,734, but has flatlined over the past seven days to log a weekly loss of 0.48%. Solana led the winners in the top 10, rising 3.76% to US$15.95 and up\xa04.95% for the week.\nMost other top 10 non-stablecoin tokens moved higher in early morning trade. However, Binance’s BNB posted a dip of 0.25% to US$242.87, though the token is still holding onto a weekly gain of 5.38%. The Binance exchange seems to be reining in its global expansion plans amid growing regulation challenges.\nBinance Markets Ltd, the U.K. subsidiary of Binance, can no longer “provide regulated activities and products” for non crypto-related activities in the country, according to a Monday posting on thewebsiteof the country’s Financial Conduct Authority (FCA). According to reports, Binance had permission to provide such services in the U.K. but had requested to the FCA it be withdrawn as they were unlikely to be used.\nApart from the ongoing lawsuit with U.S. regulators, Binance is also facing challenges in Europe. The company on Fridaysaidit will withdraw from the Netherlands after being unable to secure a virtual asset service provider registration in the country. The crypto exchange is alsoreportedlyunder an anti-money laundering probe in France.\nDigital asset investment products saw an outflow of US$5.1 million last week, according to data tracked by Europe-based cryptocurrency investment firmCoinShareson Monday. The data marks the ninth consecutive week of outflows, while the number is smaller thanUS$88 millionin the previous week after the world’s biggest asset managerBlackRock filed for a spot Bitcoin ETF.\n“(BlackRock’s) move also conveys a compelling message to the SEC, implying a firm stand on the importance and role of cryptocurrencies in future financial innovation in the U.S,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchangeSynFutures, said in an emailed comment.\nBlackRock’s Bitcoin ETF efforts could be a sign of a major crypto trader migration, according to Markus Thielen, Head of Crypto Research & Strategy at digital asset service platformMatrixport.\n“There are now 420 million cryptocurrency holders; migrating them to regulated entities might be the most significant task in 2023 mainly because fighting those crypto companies with deep pockets is also very time-consuming for regulators,” said Thielen in an emailed comment. “Ripple Labs has spent $200m on its lawsuit with the SEC, while Coinbase, especially Binance, could spend billions. So why not approve the Blackrock ETF and let nature play is part?”\nCoinShares indicated the slump in prices of many tokens had brought in some bargain-hunting. “The prior week crash in altcoin prices prompted investors to add to positions (in altcoin-linked investment products),” wrote CoinShares in its Monday report, “with XRP, Cardano and Polygon being the focus.”\nThe total cryptocurrency market cap rose 0.86% to US$1.07 trillion in the last 24 hours, while crypto trading volume rose 35.69% to US$26.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.17% to 2,868.69 in the 24 hours to 09:20 a.m. in Hong Kong. The index is down 3.36% for the seven days.\nNFT transactions on Ethereum rose 6.74% in the past 24 hours to US$13.16 million, according toCryptoSlamdata. Transactions on the Bitcoin blockchain surged 135.38% to US$3.43 million, while the Polygon and Cardano networks also logged two-digit gains in NFT transactions.\n“Forkast 500 NFT Index along withEthereum,Solana,Polygon, andCardanoare all close to even, which may be a sign that the market has finished reacting to the SEC’s lawsuits against Binance and Coinbase,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Sneakerhunt”, a teased collaboration between Nike’s NFT platform .SWOOSH and online video game Fortnite is set to be unveiled on Tuesday, which might bring more public exposure to NFTs.\n“This may be a huge week for NFTs after Nike’s tease about an incoming in-game sneaker event in Fortnite,” said Petscher. “Many speculate that it’s Nike’s .SWOOSH shoes that may be the prize at the end of the hunt, titled Airphoria. With Fornite’s 242+ million strong userbase, this could end up being another mass onboarding event for NFTs.”\nElsewhere, CryptoPunk #8611 of the Ethereum-based CryptoPunk NFT collection wassoldfor around US$95,000 on Saturday and immediately burned and “revived” as anOrdinal inscriptionon the Bitcoin network, with the process directed by NFT enthusiastNatanStein.\n“(The action) may be a vote of confidence in the value of assets existing on Bitcoin, but this asset now loses any potential benefits it would have received from Yuga Labs if they were to incorporate it in theirOtherside Universe,” said Petscher. “Yuga Labs famously had thousands of $APE Coin claimable for each BAYC NFT, along with land in their Otherside game, and some have speculated that CryptoPunks may one day see their own rewards.”\nU.S. stock futures traded lower as of 11.00 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.37%, while the S&P 500 and Nasdaq futures both lost 0.22%.\nAll the three major U.S. stock indexes logged gains last week as the Federal Reserve left interest rates unchanged at the June 14 meeting, but this was tempered by Fed Chair Jerome Powell,noting“nearly all Committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nThe Fedprojectsthe interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. New York Fed President John Williams will be speaking on Tuesday in the U.S. and may make further comments on the Fed’s fight with inflation.\nOn the economic data front, the U.S.housing market index, a measurement of homebuilder sentiment, reached an 11-month high of 55 in June to beat analysts’ expectations, according toBloombergon Monday. Readings above 50 indicate more housebuilders see the market condition good than bad.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 25.6% chance the Fed will keep rates unchanged in July, and a 74.4% chance for another 25-basis-point rate hike, up from 71.9% on Monday.\nChina’s central bankloweredits one-year and five-year loan prime rates to 3.55% and 4.2% on Tuesday as economists expected, as the country seeks to boost its slow post-Covid recovery, according to theFinancial Timeson Tuesday.\n(Updates with equities section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin cryptocurrencies. Binance\x92s BNB token was little changed to lower on signs the world\x92s largest crypto exchange may be winding down its expansion in Europe amid widespread regulatory woes. Equity futures in the U.S. edged lower after the long weekend break, recent mixed signals on the state of inflation, and speculation about more interest rate hikes by the Federal Reserve. Crypto Bitcoin rose 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong, moving up 3.21% for the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency reached a weekly high of US$26,984 early Tuesday to test resistance at US$27,000. Ether gained 0.86% to US$1,734, but has flatlined over the past seven days to log a weekly loss of 0.48%. Solana led the winners in the top 10, rising 3.76% to US$15.95 and up\xa04.95% for the week. Most other top 10 non-stablecoin tokens moved higher in early morning trade. However, Binance\x92s BNB posted a dip of 0.25% to US$242.87, though the token is still holding onto a weekly gain of 5.38%. The Binance exchange seems to be reining in its global expansion plans amid growing regulation challenges. Binance Markets Ltd, the U.K. subsidiary of Binance, can no longer \x93provide regulated activities and products\x94 for non crypto-related activities in the country, according to a Monday posting on the website of the country\x92s Financial Conduct Authority (FCA). According to reports, Binance had permission to provide such services in the U.K. but had requested to the FCA it be withdrawn as they were unlikely to be used. Apart from the ongoing lawsuit with U.S. regulators, Binance is also facing challenges in Europe. The company on Friday said it will withdraw from the Netherlands after being unable to secure a virtual asset service provider registration in the country. The crypto exchange is also reportedly under an anti-money laundering probe in France. Story continues Digital asset investment products saw an outflow of US$5.1 million last week, according to data tracked by Europe-based cryptocurrency investment firm CoinShares on Monday. The data marks the ninth consecutive week of outflows, while the number is smaller than US$88 million in the previous week after the world\x92s biggest asset manager BlackRock filed for a spot Bitcoin ETF . \x93(BlackRock\x92s) move also conveys a compelling message to the SEC, implying a firm stand on the importance and role of cryptocurrencies in future financial innovation in the U.S,\x94 Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures , said in an emailed comment. BlackRock\x92s Bitcoin ETF efforts could be a sign of a major crypto trader migration, according to Markus Thielen, Head of Crypto Research & Strategy at digital asset service platform Matrixport . \x93There are now 420 million cryptocurrency holders; migrating them to regulated entities might be the most significant task in 2023 mainly because fighting those crypto companies with deep pockets is also very time-consuming for regulators,\x94 said Thielen in an emailed comment. \x93Ripple Labs has spent $200m on its lawsuit with the SEC, while Coinbase, especially Binance, could spend billions. So why not approve the Blackrock ETF and let nature play is part?\x94 CoinShares indicated the slump in prices of many tokens had brought in some bargain-hunting. \x93The prior week crash in altcoin prices prompted investors to add to positions (in altcoin-linked investment products),\x94 wrote CoinShares in its Monday report, \x93with XRP, Cardano and Polygon being the focus.\x94 The total cryptocurrency market cap rose 0.86% to US$1.07 trillion in the last 24 hours, while crypto trading volume rose 35.69% to US$26.74 billion, according to CoinMarketCap data. NFT transactions rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.17% to 2,868.69 in the 24 hours to 09:20 a.m. in Hong Kong. The index is down 3.36% for the seven days. NFT transactions on Ethereum rose 6.74% in the past 24 hours to US$13.16 million, according to CryptoSlam data. Transactions on the Bitcoin blockchain surged 135.38% to US$3.43 million, while the Polygon and Cardano networks also logged two-digit gains in NFT transactions. \x93Forkast 500 NFT Index along with Ethereum , Solana , Polygon , and Cardano are all close to even, which may be a sign that the market has finished reacting to the SEC\x92s lawsuits against Binance and Coinbase,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93 Sneakerhunt \x94, a teased collaboration between Nike\x92s NFT platform .SWOOSH and online video game Fortnite is set to be unveiled on Tuesday, which might bring more public exposure to NFTs. \x93This may be a huge week for NFTs after Nike\x92s tease about an incoming in-game sneaker event in Fortnite,\x94 said Petscher. \x93Many speculate that it\x92s Nike\x92s .SWOOSH shoes that may be the prize at the end of the hunt, titled Airphoria. With Fornite\x92s 242+ million strong userbase, this could end up being another mass onboarding event for NFTs.\x94 Elsewhere, CryptoPunk #8611 of the Ethereum-based CryptoPunk NFT collection was sold for around US$95,000 on Saturday and immediately burned and \x93 revived \x94 as an Ordinal inscription on the Bitcoin network, with the process directed by NFT enthusiast NatanStein . \x93(The action) may be a vote of confidence in the value of assets existing on Bitcoin, but this asset now loses any potential benefits it would have received from Yuga Labs if they were to incorporate it in their Otherside Universe ,\x94 said Petscher. \x93Yuga Labs famously had thousands of $APE Coin claimable for each BAYC NFT, along with land in their Otherside game, and some have speculated that CryptoPunks may one day see their own rewards.\x94 U.S. futures lower Federal Reserve Chair Jerome Powell\|Image: Getty Images U.S. stock futures traded lower as of 11.00 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.37%, while the S&P 500 and Nasdaq futures both lost 0.22%. All the three major U.S. stock indexes logged gains last week as the Federal Reserve left interest rates unchanged at the June 14 meeting, but this was tempered by Fed Chair Jerome Powell, noting \x93nearly all Committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.\x94 The Fed projects the interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. New York Fed President John Williams will be speaking on Tuesday in the U.S. and may make further comments on the Fed\x92s fight with inflation. On the economic data front, the U.S. housing market index , a measurement of homebuilder sentiment, reached an 11-month high of 55 in June to beat analysts\x92 expectations, according to Bloomberg on Monday. Readings above 50 indicate more housebuilders see the market condition good than bad. U.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 25.6% chance the Fed will keep rates unchanged in July, and a 74.4% chance for another 25-basis-point rate hike, up from 71.9% on Monday. China\x92s central bank lowered its one-year and five-year loan prime rates to 3.55% and 4.2% on Tuesday as economists expected, as the country seeks to boost its slow post-Covid recovery, according to the Financial Times on Tuesday. (Updates with equities section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin cryptocurrencies. Binance’s BNB token was little changed to lower on signs the world’s largest crypto exchange may be winding down its expansion in Europe amid widespread regulatory woes. Equity futures in the U.S. edged lower after the long weekend break, recent mixed signals on the state of inflation, and speculation about more interest rate hikes by the Federal Reserve.\nBitcoin rose 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong, moving up 3.21% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a weekly high of US$26,984 early Tuesday to test resistance at US$27,000.\nEther gained 0.86% to US$1,734, but has flatlined over the past seven days to log a weekly loss of 0.48%. Solana led the winners in the top 10, rising 3.76% to US$15.95 and up\xa04.95% for the week.\nMost other top 10 non-stablecoin tokens moved higher in early morning trade. However, Binance’s BNB posted a dip of 0.25% to US$242.87, though the token is still holding onto a weekly gain of 5.38%. The Binance exchange seems to be reining in its global expansion plans amid growing regulation challenges.\nBinance Markets Ltd, the U.K. subsidiary of Binance, can no longer “provide regulated activities and products” for non crypto-related activities in the country, according to a Monday posting on thewebsiteof the country’s Financial Conduct Authority (FCA). According to reports, Binance had permission to provide such services in the U.K. but had requested to the FCA it be withdrawn as they were unlikely to be used.\nApart from the ongoing lawsuit with U.S. regulators, Binance is also facing challenges in Europe. The company on Fridaysaidit will withdraw from the Netherlands after being unable to secure a virtual asset service provider registration in the country. The crypto exchange is alsoreportedlyunder an anti-money laundering probe in France.\nDigital asset investment products saw an outflow of US$5.1 million last week, according to data tracked by Europe-based cryptocurrency investment firmCoinShareson Monday. The data marks the ninth consecutive week of outflows, while the number is smaller thanUS$88 millionin the previous week after the world’s biggest asset managerBlackRock filed for a spot Bitcoin ETF.\n“(BlackRock’s) move also conveys a compelling message to the SEC, implying a firm stand on the importance and role of cryptocurrencies in future financial innovation in the U.S,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchangeSynFutures, said in an emailed comment.\nBlackRock’s Bitcoin ETF efforts could be a sign of a major crypto trader migration, according to Markus Thielen, Head of Crypto Research & Strategy at digital asset service platformMatrixport.\n“There are now 420 million cryptocurrency holders; migrating them to regulated entities might be the most significant task in 2023 mainly because fighting those crypto companies with deep pockets is also very time-consuming for regulators,” said Thielen in an emailed comment. “Ripple Labs has spent $200m on its lawsuit with the SEC, while Coinbase, especially Binance, could spend billions. So why not approve the Blackrock ETF and let nature play is part?”\nCoinShares indicated the slump in prices of many tokens had brought in some bargain-hunting. “The prior week crash in altcoin prices prompted investors to add to positions (in altcoin-linked investment products),” wrote CoinShares in its Monday report, “with XRP, Cardano and Polygon being the focus.”\nThe total cryptocurrency market cap rose 0.86% to US$1.07 trillion in the last 24 hours, while crypto trading volume rose 35.69% to US$26.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.17% to 2,868.69 in the 24 hours to 09:20 a.m. in Hong Kong. The index is down 3.36% for the seven days.\nNFT transactions on Ethereum rose 6.74% in the past 24 hours to US$13.16 million, according toCryptoSlamdata. Transactions on the Bitcoin blockchain surged 135.38% to US$3.43 million, while the Polygon and Cardano networks also logged two-digit gains in NFT transactions.\n“Forkast 500 NFT Index along withEthereum,Solana,Polygon, andCardanoare all close to even, which may be a sign that the market has finished reacting to the SEC’s lawsuits against Binance and Coinbase,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Sneakerhunt”, a teased collaboration between Nike’s NFT platform .SWOOSH and online video game Fortnite is set to be unveiled on Tuesday, which might bring more public exposure to NFTs.\n“This may be a huge week for NFTs after Nike’s tease about an incoming in-game sneaker event in Fortnite,” said Petscher. “Many speculate that it’s Nike’s .SWOOSH shoes that may be the prize at the end of the hunt, titled Airphoria. With Fornite’s 242+ million strong userbase, this could end up being another mass onboarding event for NFTs.”\nElsewhere, CryptoPunk #8611 of the Ethereum-based CryptoPunk NFT collection wassoldfor around US$95,000 on Saturday and immediately burned and “revived” as anOrdinal inscriptionon the Bitcoin network, with the process directed by NFT enthusiastNatanStein.\n“(The action) may be a vote of confidence in the value of assets existing on Bitcoin, but this asset now loses any potential benefits it would have received from Yuga Labs if they were to incorporate it in theirOtherside Universe,” said Petscher. “Yuga Labs famously had thousands of $APE Coin claimable for each BAYC NFT, along with land in their Otherside game, and some have speculated that CryptoPunks may one day see their own rewards.”\nU.S. stock futures traded lower as of 11.00 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.37%, while the S&P 500 and Nasdaq futures both lost 0.22%.\nAll the three major U.S. stock indexes logged gains last week as the Federal Reserve left interest rates unchanged at the June 14 meeting, but this was tempered by Fed Chair Jerome Powell,noting“nearly all Committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nThe Fedprojectsthe interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. New York Fed President John Williams will be speaking on Tuesday in the U.S. and may make further comments on the Fed’s fight with inflation.\nOn the economic data front, the U.S.housing market index, a measurement of homebuilder sentiment, reached an 11-month high of 55 in June to beat analysts’ expectations, according toBloombergon Monday. Readings above 50 indicate more housebuilders see the market condition good than bad.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 25.6% chance the Fed will keep rates unchanged in July, and a 74.4% chance for another 25-basis-point rate hike, up from 71.9% on Monday.\nChina’s central bankloweredits one-year and five-year loan prime rates to 3.55% and 4.2% on Tuesday as economists expected, as the country seeks to boost its slow post-Covid recovery, according to theFinancial Timeson Tuesday.\n(Updates with equities section.)', "Hundreds of bitcoiners flocked to the swanky Chelsea Hotel in downtown Toronto on June 17 and June 18 to attend the first ever Canadian Bitcoin Conference. It wasn't the first Bitcoin-exclusive event in the Great White North, but it was the first conference with that specific name. The event featured talks from podcast host Stephan Livera, a “build your own open-source Bitcoin miner” workshop by Quebecan mining service provider D-Central, and a sneak preview of the new mobile wallet by bitcoin exchange Bull Bitcoin.\nThe event was organized by Bitcoin enthusiast couple Daniel and Manuela Carlin, with the help of roughly a dozen volunteers. It attracted over 300 attendees who each parted with anywhere from 180 to 498 Canadian dollars (about $136 to $377) depending on the type of ticket purchased.\nDespite a bear market that has dragged on since last year, the introduction ofa more stringent regulatory regimeresponsible for theexodusof large marquee exchanges like Binance from the country, and priorpublic ridiculeof the dominant cryptocurrency by Prime Minister Justin Trudeau, the inaugural launch of the Canadian Bitcoin Conference is proof that the country's Bitcoin ecosystem remains intact, and may even be thriving.\n“Bitcoin adoption has been steadily growing over the last number of years and that will continue. I think it will accelerate,” Daniel Carlin told CoinDesk in an interview. “One day we’ll wake up and it’ll just be a big green candle to the moon.”\nBull Bitcoin mobile wallet\nBull Bitcoin CEO Francis Pouliot discussed self-custody before unveiling a beta version of the newBull Bitcoin mobile app. The app is a non-custodial bitcoin wallet that is fully integrated with the Bull Bitcoin exchange. The integration allows users to purchase bitcoin (BTC) from the Canadian exchange directly from within the app.\n“Still a bunch of work to do before I'm happy with a release,” Pouliot latertweeted. “But testing is still appreciated!”\nLast week, Jack Dorsey’s FinTech company Block (SQ) also launched beta testing for its new self-custody bitcoin wallet, Bitkey. The wallet will allow bitcoin purchases from the app via an integration with cryptocurrency exchange Coinbase (COIN) and Block’s financial services platform Cash App.\nRead more:Jack Dorsey-Backed Bitcoin Wallet Bitkey To Integrate With Coinbase and Cash App\nThe catastrophic implosions of decentralized finance platforms like Celsius and BlockFi, the shocking unraveling of cryptocurrency exchange FTX, and now the SEC’slawsuits against Coinbase and fellow crypto exchange Binance, have all triggered a flight from centralized platforms –billionsworth of crypto deposits – to self-custody wallets like the ones being tested by Block and Bull Bitcoin.\nPanties for Bitcoin\nOne of the few Bitcoin startups at the conference not directly involved in technology was underwear manufacturer Panties for Bitcoin.\nThe company’s booth featured oversized banners with images of scantily clad supermodels donning orange panties and bras.\nThe Panties for Bitcoin founder who only goes by Pablo, is an Argentinian industrial engineer who immigrated to Canada. Pablo says he’s a 50-year veteran of the underwear manufacturing industry and now proudly runs his new Bitcoin startup with the help of his son Michael.\n“Before Bitcoin I was a panty manufacturer,” Pablo told CoinDesk. “Now I'm a Bitcoin nerd who manufactures panties.”\nMichael says their panties and bras are high quality undergarments manufactured in Italy, and that the company is planning to expand its product line soon.\n“So we have one style of bra and three styles of panties,” Michael said. “The next step will be to get a boxer around the time ofPacific Bitcoin.”\nStephan Livera and D-Central\nThe conference concluded with Livera delivering a lively talk on self-custody, contributing to the Bitcoin ecosystem in non-technical ways, and the future of Bitcoin’s two primary use cases – digital payments and acting as a store of value. He also denounced the plethora of speculative tokens and affiliated platforms which he cheekily branded “shtcoin casinos.”\n“If you sit by the bank of t Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $520,500,601,125 - Hash Rate: 353920206.636413 - Transaction Count: 447715.0 - Unique Addresses: 746599.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DRIPPING SPRINGS, TX --News Direct-- Code Green Apparel Corp. Code Green Apparel Corp. (OTC: CGAC), a Bitcoin mining company, announces the successful $894,325 purchase of 412 Antminer S19 Pro+ (Bitcoin miners) machines, bringing CGACs total fleet of miners to cumulative 517 miners. The 412 Antminer S19 Pro+ will begin production in two weeks. CGAC used funds in the private sale of a first tranche of secured promissory notes, with a maximum possible funding of $5,000,000. Logan Rice, CGACs CEO, stated, We are thrilled to unveil the initial results of our recently established finance program aimed at expanding our fleet of machines. This initial phase of our funding program aims to raise $5,000,000 in long-term debt. The financing package will include issuing restricted shares for no more than 4.99% of our stock. Mr. Rice continued, The company is dedicated to protecting its treasury and will issue shares sensibly to capitalize on the fleet of machines we plan to build. This move reflects Code Green's commitment to growth and expansion in the industry while maintaining responsible financial practices. CGAC has partnered with ASICMiners.us and Liquid Immersion Worldwide, Inc., wholly owned subsidiaries of Bit Frontier Capital Holdings (OTC: BFCH), to increase production of the Antminer S19 Pro+ by 50%. This arrangement will allow CGAC to overclock these machines in a specially engineered Liquid Immersion tank produced by Liquid Immersion Worldwide, Inc. "The purchase of these Antminer S19 Pro+ machines also represent a strategic move for us, as the Liquid Immersion will allow us to increase our production capabilities significantly, resulting in higher operating efficiency, a better rate of return, and, as we stay true to our commitment to low overhead, a better chance for our shareholders to receive cash dividends, which is out stated objective," added Mr. Rice The Antminer S19 Pro+ is one of the most reliable Bitcoin mining machines available, producing a stock 122 t/h out of the box. With this strategic partnership, CGAC is poised to increase its Bitcoin mining capabilities and profitability significantly. Story continues About CGAC: Code Green Apparel Corp. is a Bitcoin mining company uniquely positioned within the OTC space. CGAC will treat its mined Bitcoin as a traditional commodity, like a gold mining company. CGAC will mine Bitcoin, then sell the mined Bitcoin for cash, and (3) regularly declare and distribute dividends concerning Available Cash (established by our Board of Directors) To our shareholders. CGACs primary business objective is to continually increase its Bitcoin mining capacity and increase cash available for distribution as a dividend to its shareholders. CGAC completa la compra de $894,325 de 412 mineros de Bitcoin, Operaciones mineras en marcha Forward-Looking Statements: This current press release contains forward-looking statements, as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future, including but not limited to any products sold or cash flow from operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release. We assume no obligation to update the forward-looking statements or the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove accurate. Investors should consult all of the information set forth herein. They should also refer to our most recent annual report for our last fiscal year, quarterly reports, and other periodic reports filed occasionally with the Securities and Exchange Commission. Contact: Name: Logan William Rice Title Chief Executive Officer Telephone 612-889-2418 Website: https://www.thenewcgac.co Twitter: @thenew_cgac Instagram: @TheNewCGAC Email Address: [email protected] SOURCE: Code Green Apparel Corp. Contact Details Code Green Apparel Corp. [email protected] View source version on newsdirect.com: https://newsdirect.com/news/cgac-completes-894-325-purchase-of-412-bitcoin-miners-mining-operations-underway-576807221... - Reddit Posts (Sample): [['u/kl_Jewbacca', 'Is this some type of scam?', 12, '2023-06-20 00:46', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/', "So I've been texting this person online... they sent me a code for a wallet with about $90k on it. It's classified as a watch-only wallet on the Trust Wallet app, and it has a transaction history dating back to 2019.\n\nNow they're telling me I can take 30%. They want me to go to a bitcoin machine for a transfer. They said they'll give me a barcode.\n\nHas anyone encountered a scam like this before? It seems way too good to be true...", 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/', '14dtbi7', [['u/Fresh_Asparagus7043', 17, '2023-06-20 01:04', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jorjmdy/', 'Yes, common scam', '14dtbi7'], ['u/Lemons81', 13, '2023-06-20 01:26', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jormeem/', 'Nigerian prince scam, at some point they’ll ask you money in order to pay for the transaction or to unlock the funds. Usually that is the last step.\n\nOr they’ll ask you for a seed/private key in case you do own a wallet.', '14dtbi7'], ['u/crodbtc', 22, '2023-06-20 01:38', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jornvc3/', 'You literally said it right there "it seems too good to be true" \n\nUltimate flag to stay away!', '14dtbi7'], ['u/monkeyhold99', 14, '2023-06-20 02:42', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jorvrya/', 'No shit it’s a scam. Lol if you need to ask about this you are in way over your head man', '14dtbi7']]], ['u/capitalzanon', 'Settling Down', 12, '2023-06-20 03:02', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/', 'I understand TJ is fun but what’s the game plan for settling down, part of me is kinda tired of just cycling through these HK btches and wondering what’s next', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/', '14dwhvj', [['u/dav3c1', 20, '2023-06-20 03:25', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/jos0zle/', "Only simps settle down. I'm settling up.", '14dwhvj'], ['u/Extension-World-7041', 17, '2023-06-20 03:31', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/jos1nat/', 'Word of advice. Do it before you reach 50 and need to start popping pills...for everything. Not attractive to the opposite sex.', '14dwhvj'], ['u/CesarMagiscar91', 15, '2023-06-20 04:55', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/josbd45/', 'I been doing it for like four years and it’s kinda dying out for me. Idk why. If my friends go I’ll tag along and get one or two. But not dying to go like before. I’m 34.', '14dwhvj'], ['u/No_Philosophy2007', 21, '2023-06-20 06:54', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/josn9bh/', 'Dawg who is paying for advice from a guy on a subreddit for sharing whore strategies', '14dwhvj'], ['u/glam_girls', 16, '2023-06-20 07:31', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/josqdle/', 'Give it up. Once you have easy pussy you can’t settle down. Even when at times I’m so sick of the meaningless sex. I always find myself returning. I have found that having 4 or five regulars that come to my place satisfies my need for companionship. I will never have a family but I’m happy banging 20 year olds also.', '14dwhvj'], ['u/sq314', 13, '2023-06-20 08:10', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/jostjsr/', 'Then mongering isnt for you bud. Date a religious/ church girl? I mean there’s a church in between Hk and Adelitas.', '14dwhvj']]], ['u/Acrobatic-Monitor516', "Please do note upvote shameless reposts . And check for poster's karma", 47, '2023-06-20 04:30', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/', "Fucking fed up with the amount of reposts or people who do not understand the purpose of this sub \n\nPlease , for the sake of everyone in this sub, do not upvote a post that either doesn't fit the sub, or is a repost .\n\nUsually these are bots who want to get some sweet karma to further invade other subs and fuck people over with fake bitcoins, tee shirts, and onlyfans. So if the poster has very low karma (and 90%+ of it being posts) , DOWNVOTE that shit , nay report it if you have the patience \n\nThere are also actual people reposting , but that's another issue \n\nThanks ! \n\nBut after all maybe we should just reddit turn even more into garbage .idk.", 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/', '14dyfk4', [['u/Vinnie1103', 14, '2023-06-20 05:14', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/josdi3p/', 'I think this post is a repost. Don’t upvote it.', '14dyfk4'], ['u/Acrobatic-Monitor516', 11, '2023-06-20 05:15', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/josdk8v/', "damn , I'm caught", '14dyfk4'], ['u/Acrobatic-Monitor516', 16, '2023-06-20 05:17', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/josdsvq/', 'want some feet pics btw ? or maybe a tee shirt, they are quite cheap \n\n\nalso PM me if you need any help for bitcoin investments', '14dyfk4']]], ['u/VampireVlad', '10 Reasons You Should Run Your Own Full Bitcoin Node', 61, '2023-06-20 04:30', 'https://www.reddit.com/r/Bitcoin/comments/14dyg4b/10_reasons_you_should_run_your_own_full_bitcoin/', "Hi, guys!\n\n\n\nI just published a new article that's meant to explain 10 of the main reasons why you should take action and run your own full node. You're not only helping the network, but you help yourself by becoming fully sovereign and removing trusted third parties that store your xpub and IP address.\n\n\n\nHere's the complete write-up. Hope you're going to like it: [https://bitcoin-takeover.com/10-reasons-you-should-run-your-own-bitcoin-full-node/](https://bitcoin-takeover.com/10-reasons-you-should-run-your-own-bitcoin-full-node/)", 'https://www.reddit.com/r/Bitcoin/comments/14dyg4b/10_reasons_you_should_run_your_own_full_bitcoin/', '14dyg4b', [['u/cryptogrubber', 12, '2023-06-20 10:02', 'https://www.reddit.com/r/Bitcoin/comments/14dyg4b/10_reasons_you_should_run_your_own_full_bitcoin/jot1rm2/', 'I found the rasberry to be more expensive than a used mini PC, so I chose the cheaper option', '14dyg4b']]], ['u/pandorasbox553', 'Warning: Be Cautious of Remote Jobs', 48, '2023-06-20 05:26', 'https://www.reddit.com/r/VancouverJobs/comments/14dzmih/warning_be_cautious_of_remote_jobs/', 'I\'m here to raise awareness and be vigilant when looking and applying for a job online especially remote job position. I want to put this out to help people because I just became a victim of online money laundering scam which compromise my personal information and identity plus my bank account suffered from it.\n\nSo I found this remote job on Indeed.ca a few weeks ago. The company name is C2C Canada Technologies (fake company) Since I\'m too desperate to get a job, I didn\'t take a serious look over it and just get on with it. I go over it without researching more and I figured it could be legitimate company because they have a professional looking website and there\'s employee photos and so on.\n\nThe position is called "Customer Chat representative" which I will be working as sales person promoting their company and will be using crypocurrency as a form of payment for virtual sales services.\n\nThe company is base in Ottawa which is couple of hours advance in time zone from where I am. I got an email and an offer and took the chance to follow though.\n\nAfter I added the so called HR on Telegram, she told me that I need to create an account via Kraken in order for me to have company bitcoin wallet to use. Which they will deposit "corporate funds" into my bank account as e-transfer. She told me that I need to deposit this corporate funds into Kraken account and turn them into Bitcoins.\n\nSince I never heard about this scheme before and its unfamiliar to me, I follow what was instructed. They deposited $3000 into my bank account and asked me to go to Canada Post to deposit for the purpose of turning this $3000 into cryptocurrency on Kraken. She told me this is part of my first task of the day.\n\nShe asked me on how to deposit the funds sending me links to follow so I did. So on I went to Canada Post and made deposit using the $3000 they sent me and using my debit card as well. I did 4 transactions and the 5th one caused my card to be blocked because of my card daily limits. \n\nI called my bank institution about unblocking my card so I can do more deposits and they told me that I need to go to my main bank branch because they think I been scammed. Then there I was got really frustrated about my stupidity and I spoke to one of bank teller and she told me that to never trust someone you don\'t know especially accepting money because it\'s a form of scam. She told me to stop talking to that HR on Telegram.\n\nSo here I am blaming myself. I should have known better, but It\'s too late. I already gave out my drivers license to that scammer and my identity could be use for potential scams. Plus my bank is now frozen and restricted. My bank told me it may be harder to fix since there\'s money that I transferred that they didn\'t know where it came from. Also, i may now could have overdraft in my bank account which I might owe money.\n\nThe worst part is that I\'m being threaten by the scammer because I blocked her from Telegram due to the advice of my bank institution and the scammer also sent me an email telling me that they know my address and can do bad things to me.\n\nI hope I reach some people here that they must be very cautious and just want to share my bad experience accepting remote jobs. These scammers can also be here too and offering you remote computer/customer service jobs using different company names and job titles. Thanks for reading and sorry for my bad english grammar. It\'s not my first language.', 'https://www.reddit.com/r/VancouverJobs/comments/14dzmih/warning_be_cautious_of_remote_jobs/', '14dzmih', [['u/xerexes1', 21, '2023-06-20 06:42', 'https://www.reddit.com/r/VancouverJobs/comments/14dzmih/warning_be_cautious_of_remote_jobs/josm62p/', 'That situation sounds awful, and I’m so sorry you’re going through this. \n\nI’m sure your post will be helpful to a lot of people. \n\nI hope that your job/ career search is successful soon and hopefully the bank can get your money back!', '14dzmih']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, June 20, 2023', 34, '2023-06-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/', '14e0a7l', [['u/pgpwnd', 11, '2023-06-20 07:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josqmz6/', '... you realise you just posted bullish news?', '14e0a7l'], ['u/NLNico', 10, '2023-06-20 07:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josrqa3/', 'MasterCard has been in the news for years now for doing crypto related projects. Your theory that there is some conspiracy to push the price up a little bit more for these firms to exit the market is far-fetched, to say the least.', '14e0a7l'], ['u/anon-187101', 10, '2023-06-20 07:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josso5k/', 'this "news" literally has nothing to do with Bitcoin\n\nthese are centralized, permissioned, infinite credit systems that run on fiat rails - a new wrapper changes nothing fundamentally', '14e0a7l'], ['u/ChadRun04', 10, '2023-06-20 08:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jossrzi/', '~~Welp looks like Bitfinex finally fucked me.~~\n\n~~Every piece of communication has said non-KYC would be withdraw only.~~\n\n~~Now even before the KYC cut-off date I\'m being told I need to "verify" to withdraw Bitcoin.~~\n\n~~Just wanted to up my leverage a bit and take collateral off the table, then later close the position and withdraw. As every piece of communication from them indicated I\'d be able to.~~\n\n~~Not looking forward to years of lending tax complication. Wish I had used multiple accounts to separate that stuff.~~\n\nIt\'s a bug in their withdraw form. You have to reduce the amount it states as max by 1 sat before it works.\n\nAlthough, I did manage to confirm that you can keep positions open after the KYC cut-off date and close + withdraw later.\n\nLeverage now 1.5x', '14e0a7l'], ['u/MasterMinerva', 14, '2023-06-20 08:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josx0fl/', "Bitcoin dominance above 50% now. Spooky. I wonder what could've triggered that.. 👻", '14e0a7l'], ['u/NervousNorbert', 11, '2023-06-20 09:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josyzo9/', "Bullish news is bearish because it's just someone building exit liquidity. That's what's being a battered bull is like.", '14e0a7l'], ['u/Essexal', 15, '2023-06-20 10:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jot2hj9/', 'I’ve added to my short and will continue to today. \n\nNow open from 26.4.\n\nNothing has changed.', '14e0a7l'], ['u/Galactic777', 12, '2023-06-20 12:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jotdn2z/', 'Obviously going above $27k today', '14e0a7l'], ['u/csasker', 24, '2023-06-20 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jotorip/', 'What a total coincidence after 6 months or more of FUD and suing and regulation both big asset managers in US and EU is ready to offer ETF and custodial solutions\n\nedit: months not more', '14e0a7l'], ['u/ReflectionFamiliar68', 12, '2023-06-20 15:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jotuud2/', "It's broken because market cap is a useless metric. I just minted a trillion crypto coins and sold one to my wife for $1. Trillion dollar market cap. \n\nA better metric is total buy order book size. It's not perfect but at least it is not trivially gameable. To add to the metric you have to commit money to opening a buy order. Of course shady exchanges can still manipulate it but it's not as easy as market cap.", '14e0a7l'], ['u/delgrey', 14, '2023-06-20 16:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jou063l/', 'Looks like TradFi spinning up an exchange too.\n[EDX Markets backed by Citadel, Fidelity, Schawb going live Tuesday](https://twitter.com/WSJ/status/1671137075356155912)', '14e0a7l'], ['u/btchodler4eva', 14, '2023-06-20 17:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joud1r9/', 'He befriended some Caribbean politician who was going to push Bcash. That politician got arrested this year for bribery, go figure. I think Ver is being sued by his former CoinFlex partner and also by Genesis or was it DCG? Anyway, you get the picture.', '14e0a7l'], ['u/AccidentalArbitrage', 10, '2023-06-20 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jouf1y6/', ">27 resistance\n\nDidn't put up much of a fight...", '14e0a7l'], ['u/guiseppi72', 13, '2023-06-20 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joui47k/', 'Can we just go to 100k already?', '14e0a7l'], ['u/imissusenet', 21, '2023-06-20 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joukjpy/', "Point and Figure update:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR[PA][D][F1!3!1.0!!0!20])\n\nThe [Stockcharts.com](https://Stockcharts.com) version catches up to my Coinbase data chart. Downtrend line broken, new uptrend line started.\n\nEDIT: Well, there's your high pole warning. Currently ~~10~~ ~~11~~ 12 boxes high, a 50% retrace from here would go back to $26.5K. I'll put a small buy order there, and adust it up if it keeps climbing.", '14e0a7l'], ['u/Order_Book_Facts', 28, '2023-06-20 18:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joukndu/', 'Since I started posting here in 2017 people have been screaming that “institutional adoption” will be the catalyst that takes us to 100k. BlackRock and Fidelity ETFs are about as institutional as it gets, in addition to a TradFi backed exchange. Halvening less than a year away. Bullish.', '14e0a7l'], ['u/Zirup', 11, '2023-06-20 18:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joun7n7/', "Finally exited my gbtc position on today's pump. Barry isn't acting in good faith and the idea that gbtc becomes an etf due to blackrock's trust seems farfetched. Happy enough with the discount to move on.", '14e0a7l'], ['u/_TROLL', 18, '2023-06-20 18:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jounfqx/', "I think the original meaning of 'institutional adoption' was along the lines of what MicroStrategy or Tesla did -- large companies buying and holding bitcoin on their balance sheet as a hedge against USD inflation. Or even on a grander scale, nations using bitcoin for trade and settlements.\n\nVery little of that has happened. Established banks offering custodial services isn't really 'adoption'. The whole point of bitcoin was that you didn't need third parties (Fidelity) to securely store your money. I understand that seeing Blackrock or Deutsche Bank offering crypto services might lead to new companies dipping their toes into holding BTC, but we'll see.", '14e0a7l'], ['u/escendoergoexisto', 12, '2023-06-20 19:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joupajl/', 'We should get a good indication of PA direction and strength today. Yesterday’s daily closed at the 50DEMA. Thus far, PA is trying to establish above the 50 again. I agree with many that moving averages do not serve as sup/res. They do, however, give an average view of broader turning points. In short, the PA is trying to flip the resistance from the latter half of May into support, and the 50DEMA is where it is due to that prior PA. \n\nTL/DR—PA establishing above $26,864 for a day or two is a solid bullish signal.', '14e0a7l'], ['u/delgrey', 13, '2023-06-20 19:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jouqx0p/', 'Alternate take. I think Barry gets his arm twisted and he gives up control of the trust to TradFi. That seems to be to over-arching theme to me, a mafia style shakedown and takeover.\n\nPrice action now has me thinking insiders know something. Discount evaporating. Bah.', '14e0a7l'], ['u/sl_crypto', 14, '2023-06-20 20:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jouyive/', 'lol, shot myself a bit in the foot here. have no choice but to wait for a dip to dive in again, just pure comedy.', '14e0a7l'], ['u/itsthesecans', 11, '2023-06-20 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov0fes/', "As a long suffering GBTC holder it's a beautiful day when BTC pumps AND the GBTC discount shrinks.", '14e0a7l'], ['u/_TROLL', 23, '2023-06-20 20:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov1h6h/', 'I mean... some perspective here; we were above $30,000 for a week, around two months ago.', '14e0a7l'], ['u/PatientlyWaitingfy', 14, '2023-06-20 20:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov3k8o/', 'Sold 20% at 27861 of [the BTC bought at 24861](https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/comment/jo7osvu/?utm_source=share&utm_medium=web2x&context=3)\n\nOpened a buy at 25861 with the profits.', '14e0a7l'], ['u/BootyPoppinPanda', 11, '2023-06-20 20:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov6kte/', 'Still just crab, but the good kind right now', '14e0a7l'], ['u/GhostEntropy', 24, '2023-06-20 21:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov9ee1/', 'moon boy summer', '14e0a7l'], ['u/WaldoInWalden', 27, '2023-06-20 21:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov9nv0/', 'Blackrock, Fidelity, and Schwab all making decisive moves into Bitcoin. Combined \\~ $20 Trillion AUM, what are the chances 1 percent of that gets allocated to BTC?', '14e0a7l'], ['u/Magikarpeles', 10, '2023-06-20 21:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovcv1h/', 'I love you people', '14e0a7l'], ['u/jarederaj', 11, '2023-06-20 21:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovd1i9/', '200 billion into BTC over the next 4 years seems low.\n\nOverall, I expect to see. > 2t cash move into btc over that time. If they want meaningful market share they will have to do better.', '14e0a7l'], ['u/WaldoInWalden', 10, '2023-06-20 21:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joveib7/', 'Didn’t say 4 years, but yeah I’m talking 200 billion strictly from these asset managers. I’m with you in the general sense though', '14e0a7l'], ['u/AccidentalArbitrage', 16, '2023-06-20 22:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovkjrl/', "That account is just a troll account. It also tweeted today:\n\n>If you’re wondering why #Bitcoin is green today, it’s because #Tether printed another $250,000,000 $USDT out of thin air to artificially pump the prices.\n\nHopefully people aren't dumb enough to trade off troll tweets.", '14e0a7l'], ['u/cousin_brian', 10, '2023-06-20 23:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovs43l/', 'It seems blackcock wants 42069 btc by the next halving', '14e0a7l'], ['u/DaBrokenMeta', 10, '2023-06-20 23:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovsyt4/', 'good level', '14e0a7l']]], ['u/RuneW007', 'What coins will never die?', 52, '2023-06-20 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/', "There are so many altcoins out there, some of them won't even survive the bear market but some of them will and these could then die in another bear market. But what coins are in your opinion destined to truly never die.\n\nA rather obvious one would be Bitcoin without a doubt, the king of crypto will keep standing strong in the years ahead and I don't see someone taking the number 1 place from it. I also think that Monero (XMR) is one for the future, it's an unmatched privacy coin in a world were corporations will pay money to get someones private information. Monero is a favorite on the deep web and we all know that this was the place that Bitcoin flourished in the early days. I'm not a big fan of Ethereum but I haven't done enough research so I can't really try to predict it's future. And my final pick is gonna be my beloved Litecoin, it's a coin that always get's put to the side but in reality it is a really well working coin that has been around longer then most of the other altcoins. It's a quality coin with low fees and never any downside, it's also called the silver to Bitcoin.\n\nDo you think I missed any? I tried to keep it as simple as I can because in my opinion the coins that will survive for a long time will be just that. They have to be old and reliable and they need to have a strong use case. But rememeber everyone, Bitcoin will stay king as number 1 on the charts and I don't ever see this change. Have a good one. ", 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/', '14e1ppv', [['u/Onnimation', 29, '2023-06-20 07:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jospdct/', 'ADA without a doubt, solid project.', '14e1ppv'], ['u/DBRiMatt', 21, '2023-06-20 07:24', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josput1/', 'DOGE - the original memecoin will always be around IMO.', '14e1ppv'], ['u/69Dankdaddy69', 37, '2023-06-20 07:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josq5mt/', 'Any with a practical use. Eth, btc, and xmr are likely survivors.', '14e1ppv'], ['u/KingAddz', 11, '2023-06-20 07:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josqjae/', 'The doge is eternal', '14e1ppv'], ['u/SignificantFriend382', 19, '2023-06-20 07:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josraez/', 'LTC. It’s pretty useful.', '14e1ppv'], ['u/Kappatalizable', 71, '2023-06-20 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josrfuo/', 'Pretty sure LTC will never die at this rate', '14e1ppv'], ['u/Consistent_Many_1858', 51, '2023-06-20 07:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josrlpm/', 'XRP. If it can survive SEC it can survive anything.', '14e1ppv'], ['u/89time', 17, '2023-06-20 07:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josrtpb/', 'Nano - because of Banano.', '14e1ppv'], ['u/SerFraust', 14, '2023-06-20 08:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jossuul/', 'XRP', '14e1ppv'], ['u/ChemicalAnybody6229', 11, '2023-06-20 08:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jost1g3/', 'BTC,ETH,Monero,LTC', '14e1ppv'], ['u/noduhcache', 10, '2023-06-20 08:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jostox4/', 'LTC has grown out of as many cryptowinters as btc. With even longer uninterrupted uptime.', '14e1ppv'], ['u/InsaneMcFries', 19, '2023-06-20 08:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jostt57/', 'I think Monero will continue to do what it does best, it will just take extra effort to acquire to use it for its anonymity', '14e1ppv'], ['u/MajorLeons', 17, '2023-06-20 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josuflh/', 'I think XRP will be one. It stood it’s ground against SEC, that is a tough feat.', '14e1ppv'], ['u/Crypto-Cajun', 11, '2023-06-20 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josur3s/', "Probably XRP. Not even the SEC can take it out of the top 10 and it's one of the strongest OG coins that has even overtaken ETH market cap on three different occasions.", '14e1ppv'], ['u/CorneliusFudgem', 14, '2023-06-20 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josuxs5/', "lol XRP I swear it just won't quit", '14e1ppv'], ['u/Medfried', 46, '2023-06-20 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josvfek/', "There's a reason they keep 18 decimals point in prices... Shitcoins don't die. They just go from 100 to 0.000001 (eg LUNA)", '14e1ppv'], ['u/poginmydog', 15, '2023-06-20 08:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/joswgip/', 'Delisting will add on to its anonymity. p2p is the only way forward for XMR.', '14e1ppv'], ['u/vaultgang', 13, '2023-06-20 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josx7zg/', 'BTC and ETH will surely be around, Some alts with practical uses might make it too, XMR is a great example for those. In memecoins, dogecoin is the bitcoin of memecoins so it might not die as well.', '14e1ppv'], ['u/conceiv3d-in-lib3rty', 11, '2023-06-20 09:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josywqv/', 'It can be delisted from every exchange, Monero isn’t going anywhere. It’s one of the few coins that’s actually being using as a currency, even if a good chunk of it is for nefarious purposes. P2P is where Monero shines, it doesn’t matter if it’s not listed on an exchange. \n\nPeople mine Monero even though its unprofitable, just to maintain the network and help secure it.', '14e1ppv'], ['u/conceiv3d-in-lib3rty', 10, '2023-06-20 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/joszeu0/', 'Monero isn’t aiming to be the future of finance though, that’s the difference. Even if it’s forever a niche for people who care about privacy, that’s completely okay. The only thing that will kill Monero if it’s somehow de-anonymized.', '14e1ppv'], ['u/Lillica_Golden_SHIB', 22, '2023-06-20 10:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot4yoa/', "You can't simply ignore those low fees, fast transactions and 100% uptime", '14e1ppv'], ['u/Kmyre5', 39, '2023-06-20 11:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot66sl/', 'ADA and DOT will both keep going, even if the entire dev team disappears tomorrow', '14e1ppv'], ['u/RavagerRaccoon', 10, '2023-06-20 11:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot71t9/', "absolutely. The scientific / mathematical foundations it builds on are extremely strong. I really don't get why it gets so much hate. Maybe it's just fearmongering or something, dunno", '14e1ppv'], ['u/pm_me_4', 14, '2023-06-20 11:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot9cjs/', "It's a fork-ing great alternative. Same, same but potassium", '14e1ppv'], ['u/Tasigur1', 17, '2023-06-20 11:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot9ds2/', '99,99% down, so you are saying, there is a \nchance 😏', '14e1ppv'], ['u/Real_Bridge_5440', 10, '2023-06-20 12:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotebfc/', 'Algorand. Good tech and after SEC finally leave it alone it will always be around.', '14e1ppv'], ['u/ronaldmacon', 13, '2023-06-20 14:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotk5c8/', 'I agree with your opinion on LTC and XMR completely. Can’t stand ETH either. Gas fees are annoying as hell, and horrible privacy and can be stolen easy.', '14e1ppv'], ['u/Givefreehugs', 14, '2023-06-20 14:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotmtpn/', 'Litecoin just hit a new high with the adoption and addresses. It may be old but it’s kicking it up a notch, like grandpa taking tap dance.', '14e1ppv'], ['u/OneThatNoseOne', 11, '2023-06-20 14:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotndu5/', 'XRP is surviving while the lawyers are prospering.', '14e1ppv'], ['u/OneThatNoseOne', 10, '2023-06-20 14:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotnhxd/', "I really love how reliable but overlooked LTC. It won't pump as much as BTC but that also means it doesn't dump as much. Just much more stable and trucking just along under the rader.", '14e1ppv'], ['u/lorenaczlreines', 10, '2023-06-20 18:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jounnoj/', 'For a private coin delisting on exchange is like a free promotion', '14e1ppv']]], ['u/rBitcoinMod', 'Daily Discussion, June 20, 2023', 56, '2023-06-20 08:03', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14d7fkk/mentor_monday_june_19_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/', '14e2nlo', [['u/avance70', 12, '2023-06-20 08:16', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/josu1k3/', " bitcoin dominance at 50% and it doesn't look like it's stopping there", '14e2nlo'], ['u/TheMoonMoth', 10, '2023-06-20 08:30', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/josv3aj/', 'let it rip', '14e2nlo'], ['u/cubeeless', 11, '2023-06-20 10:33', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jot3v98/', 'Our candle, who art in coinbase \nHallowed be thy dip \nThy sell wall high, thy lambos die \nOn /biz/, as it is in Goldman \nGive us this day our lunar launch, \nAnd forgive us our margin loan \nFor we forgive those who shorted against us \nAnd lead us not into liquidation \nBut deliver us from bull traps', '14e2nlo'], ['u/rudy_batts', 14, '2023-06-20 12:11', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotarmn/', 'GM bitcoin fam, have an awesome day!', '14e2nlo'], ['u/Donkey_Pillow', 30, '2023-06-20 15:09', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotrq6d/', 'Let\\`s enjoy the quietness in here..., cause next year , a couple of months after the halving this subreddit is going to explode.....again. and while that is exciting because NGU, the daily threads are going to get flooded with idiots.... again.\n\nstay humble and stack sats my friends...', '14e2nlo'], ['u/Makonnen91', 10, '2023-06-20 15:30', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotuda4/', '2024 will mark my first full 4 year cycle. Ive grown to enjoy the quiet times and the chaos alike', '14e2nlo'], ['u/Just1_More', 18, '2023-06-20 15:51', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotx1kv/', 'there is no need to fear a blackrock etf if you are holding bitcoin yourself - a key value prop of bitcoin is that owning more bitcoin does not give you greater control of the network - blackrock may play paper bitcoin games, if they do they will get rekt - blackrock may try to fork the bitcoin protocol, if they do they will get rekt\n\nblackrock is the largest fund manager in the world - a bitcoin trust with their name on it is unequivocally bullish - this is not priced in yet\n\n-ODELL (on NOSTR)', '14e2nlo'], ['u/ajhimmler', 21, '2023-06-20 18:57', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jouo9qc/', 'We need to be careful here. China could ban bitcoin again', '14e2nlo'], ['u/HurricaneHarvey7', 19, '2023-06-20 19:01', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jouotyg/', "WHOA. Look at Bitcoin's dominance today \\points\\\n\nThe fact that Bitcoin topped at $69K while FTX took most of those bitcoin buy orders and put them into shitcoins tells me we are going MUCH higher this time.", '14e2nlo'], ['u/Samsonite_1604', 12, '2023-06-20 20:33', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov353i/', 'Should have bought more $25k BTC', '14e2nlo'], ['u/Dont_Waver', 10, '2023-06-20 20:45', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov545f/', 'I casually mentioned bitcoin to my dad. "Oh, is that thing still around, I thought it died."', '14e2nlo'], ['u/ByteTraveler', 12, '2023-06-20 20:54', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov6euk/', 'Classic comment when soaring', '14e2nlo'], ['u/Rshackleford22', 25, '2023-06-20 21:01', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov7i5s/', 'these spot etfs are going to make the 2021 run look like chuck e cheese tokens.', '14e2nlo'], ['u/arBettor', 26, '2023-06-20 21:18', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jova38k/', 'It sucks that my bitcoin are on that Titanic submarine. Hoping for their safe recovery.', '14e2nlo'], ['u/Friendly-Falcon-9814', 13, '2023-06-20 21:23', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovax8v/', 'A lot of people are in the same boat :(', '14e2nlo'], ['u/vnielz', 13, '2023-06-20 22:02', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovgxnb/', 'wow. Let that sink in.', '14e2nlo'], ['u/SocalKing2020', 14, '2023-06-20 22:18', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovjbba/', 'see you guys at $100k', '14e2nlo'], ['u/Llonga', 12, '2023-06-20 22:20', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovjpmu/', 'Now get ready for US gov to dump some of their coins…', '14e2nlo'], ['u/Romsel87', 11, '2023-06-20 22:32', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovlhzi/', "That's deep.", '14e2nlo'], ['u/SPYalltimehightoday', 12, '2023-06-20 22:33', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovlnzo/', 'tick tock. next block. All time high is the next stop', '14e2nlo'], ['u/Verallendingen', 10, '2023-06-20 22:44', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovnc52/', 'maybe they are already blackrocks?', '14e2nlo'], ['u/Dizzy_Space_Invader', 15, '2023-06-20 23:23', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovt7yu/', 'It’s happening, I’m going to be rich beyond my wildest dreams.', '14e2nlo'], ['u/letterboxboy', 16, '2023-06-20 23:27', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovtsgg/', 'Today was a good day', '14e2nlo'], ['u/HurricaneHarvey7', 17, '2023-06-20 23:36', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovv7pi/', "It's just getting started 😈", '14e2nlo'], ['u/GrindingWit', 17, '2023-06-20 23:52', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovxeod/', 'I’ll sleep 5% better tonight.', '14e2nlo']]], ['u/d3jok3r', 'Will there be a short squeeze in the upcoming June-2023 Bitcoin option expiry date (30-Jun-2023)', 33, '2023-06-20 08:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/', 'The June 2023 Bitcoin options expiry is on June 30, 2023. And there are over $4 billion worth of options contracts that will expire on that day.\n\nThe MAJORITY of these contracts are CALL options (which give the holder the right to buy Bitcoin at a predetermined price). If Bitcoin is trading above the strike price of the call options at expiry, the holders of those options will exercise their right to buy Bitcoin, which could drive up the price of Bitcoin.\n\n\n\n[Bitcoin Option June-2023 - Open Interest by Strike Price \$data: Deribit\$](https://preview.redd.it/khzzoslv747b1.png?width=1861&format=png&auto=webp&v=enabled&s=0a7fc46113e29811718690c921b35063bd2438ce)\n\nThe implied volatility of Bitcoin options is currently 41.77%, which is relatively high. This suggests that the market is expecting a significant move in the price of Bitcoin before the expiry date. It is possible that we could see some volatility in the price of Bitcoin in the lead-up to the expiry date.\n\nHere are some of the factors that could influence the price of Bitcoin before the expiry date:\n\n* The overall performance of the cryptocurrency market\n* Any news or events that could impact the price of Bitcoin\n* The level of open interest in Bitcoin options\n\nIt is important to note that the expiry of Bitcoin options does not necessarily mean that there will be a significant move in the price of Bitcoin. However, it is a potential event that could drive volatility in the market.', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/', '14e2y3u', [['u/omglolbbqwtf', 24, '2023-06-20 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/josuz7f/', 'I expect the price to rocket at least 2%', '14e2y3u'], ['u/ahabraken', 13, '2023-06-20 09:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/josyj4i/', 'Whooosh :)', '14e2y3u']]], ['u/Wooxy117', '6/20/23 Tuesday Premarket-Afterhours. SPY is 📉. BTC is 📈. $UONE, Expecting Action! WEAT, CANE, & BOIL Calls/Equities. Dollar is Down, Other Currencies Up, Commodities Up, Uh Oh... Let’s Win Together! 🍀', 13, '2023-06-20 08:24', 'https://www.reddit.com/r/FriendsTogetherWeWin/comments/14e319j/62023_tuesday_premarketafterhours_spy_is_btc_is/', '”Your chances of success in any undertaking can always be measured by your belief in yourself.” - Robert Collier.\n\nPremarket\n\nGood Morning everyone! ☀️\n\nHere is my premarket report. Let’s have a great start to this trading week with some Tuesday wins!\n\nHere are some potential winners. Some tickers listed may not be heavy green currently as they open up later:\n\nDAILY WINNERS/POTENTIAL PICKS\n\nThe Big Three\n* SPY - is 📉\n* VIX - 📈 Above $20 is bearish, below $20 is bullish. We are in “extremely” greedy territory suggesting we are close to a VIX bottom/market top. VIX does not stay around here for very long at all\n* BTC - is 📈\n\nStocks/Daily Picks\n* AMLI - Great uptrend & getting a lot of attention\n* APLD - Consistent winner\n* APPD - Consistent winner\n* BOIL - Has been on a consistent uptrend again\n* BBBYQ - Bankruptcy play is still in the air as we do not have all of the details yet. Slowly been walking up\n* BLBX - Consistent winner\n* IMPP\n* REI - Super undervalued\n* CXAI\n* VIX - Loading up since SPY is running\n* UVXY - Same thing as VIX, only cheaper to load\n* MARA - Consistent winner\n* RIOT - Consistent winner\n* PBI\n* IFUS - Next big longterm play, working on making a DD for this\n* WEAT\n* CANE\n* BOIL\n\nOptions\n* CVNA - puts (offer is almost assured now, when this comes in, price drops to sub $10)\n* Spy - Straddles with itm calls & long puts \n* Spy - Straggles leaning toward long puts, I’ve been grabbing cheap ones 2:1 put:call ratio as I still think the market is going to fall hard\n* QQQ - Same as SPY\n* SQQQ - Follow VIX\n* SPXU - long calls\n* KRE - Strangles leaning toward long puts\n* VIX - calls 4+ weeks out\n* VIXX - long calls\n* ULTA - Set up for long calls\n* DLTR - Set up for long calls\n* COST - Set up for calls, could go entirely south too though\n* AI - Set up for long calls, could see $100 end of year\n* WEAT - Set up for long calls\n* CANE - Set up for long calls\n* BOIL - Set up for long calls\n\nSwing Trades\n* COSM - Check the 3 month chart, exactly what we want for a swing trader ticker \n* KALA\n* REI\n* AMLI\n* SPXU\n* UVXY\n* Updating Section Further\n\nPrevious After-hours (Ordered based on volume/%)\n* TIVC\n* BFRI\n* EVLO\n* CANO\n* HYFM\n* BBAI\n* CXAI\n* GFAI\n* BZFD\n\n\nTodays Movers\n* Will post closer to 4:30am ET\n\nCrypto\n* BTC - If this is pumping, the stocks under this will rally, likewise for any dips\n* CLSK\n* COIN\n* EH\n* MARA\n* MSTR\n* RIOT\n\nALWAYS do your DD and make a rational decision that works the best for you, always. Nothing posted in these threads is financial advice in the least and should not be construed as such\n\nHope these are some decent starting ideas and as always, let’s get some wins! 🍀🏆', 'https://i.redd.it/c7kvbexf947b1.jpg', '14e319j', [['u/Wooxy117', 19, '2023-06-20 08:26', 'https://www.reddit.com/r/FriendsTogetherWeWin/comments/14e319j/62023_tuesday_premarketafterhours_spy_is_btc_is/josut9y/', 'Also as a personal challenge, could everyone that reads this toss an upvote on this comment or the thread post, I want to see how many active traders we have in here. Can post as well, would love to be able to have more participation in our daily threads. The more the better, this is a fact and the stock world knows it very well', '14e319j']]], ['u/Expensive_Shower_605', 'I will bitcoin or die trying', 287, '2023-06-20 11:06', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/', 'It will bring me freedom or it will bring me death. \nMaybe I am brainwashed but there’s no going back now. I’m strapped in on the bitcoin ship, who knows if it’l make it to its destination. I’d rather be on it than succumb to a slave like fiat life. \n\nEveryday my confidence in the ship grows, everyday new people join, everyday I see new purpose for it, everyday I see new developments. \n\nThe opposing forces try to shoot it down, but so-far, everyday it has deflected them even if they created some cracks. The cracks are fixed and we continue on our journey. I live day by day hoping the cracks don’t rupture the fuel line and cause catastrophic failure. \n\nI’ve bought my ticket, my one-way ticket. Time to bitcoin or die. Who’s with me?', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/', '14e5wux', [['u/solomonsatoshi', 38, '2023-06-20 12:11', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotartw/', "True freedom is rarely if ever achieved by the timid or selfish.\n\nBitcoin has already delivered monetary freedom to all who have freely chosen it.\n\nFreedom is not cheap or easy.\n\nThe Fiat Debt Slavery Bankers Cartel owns your government and leverages off their monopoly over the use of force to keep the majority of the population fearful and chained to their systematic usury.\n\nBitcoin fixes this.\n\nIt's a hell of a ride and not guaranteed to succeed but we can and will try for monetary integrity and freedom.", '14e5wux'], ['u/Soulprano', 189, '2023-06-20 12:14', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotaxwf/', 'I know another saylor whos just like you', '14e5wux'], ['u/McDredd', 19, '2023-06-20 14:01', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotk7xm/', 'Best pun ever! 10/10 ✅️', '14e5wux'], ['u/joekerr37', 15, '2023-06-20 14:38', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/joto6m6/', "Personally, I've never understood this emotional outlook people take toward investing. If I find myself emotionally pumped over an asset, any asset, that's usually a bad sign that I'm not using my critical thinking skills enough. \n\nIt's also why many investors, even if they say they are going to hold, ultimately do not hold when the market gets volatile.... they invested based on emotion and so the moment the market starts generating negative emotions in them, they capitulate, sell, and move to the next bubble.. where they buy high and sell low after it pops.", '14e5wux'], ['u/LB1890', 12, '2023-06-20 14:40', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotoe32/', 'This "freedom or death" thing sounds to me more like "get rich or die trying".', '14e5wux'], ['u/sidmehra1992', 16, '2023-06-20 14:42', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotoo1w/', 'i am on same boat but without money', '14e5wux'], ['u/solomonsatoshi', 15, '2023-06-20 14:51', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotpmmm/', 'Bitcoin is not a standard investment.\n\nIt is a monetary revolution.', '14e5wux'], ['u/solomonsatoshi', 10, '2023-06-20 14:57', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_tryin... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Investing.com -- Most Asian currencies fell on Wednesday, while the dollar steadied from recent losses as markets hunkered down before more cues on monetary policy from Federal Reserve Chair Jerome Powell later in the day. Powell is set to testify before Congress later in the day, potentially offering more cues on the path of U.S. interest rates after somewhat mixed signals from a Fed meeting last week. While the bank paused its rate hike cycle, it flagged a higher peak interest rate this year, potentially heralding more increases in rates. This kept investors uncertain over what Powell may signal in his testimony, drawing some flows into the dollar on the potential for a hawkish outlook. The dollar index and dollar index futures rose slightly in Asian trade after logging some gains earlier this week. Chinese yuan hits near 7-month low after rate cut The Chinese yuan continued to lag its regional peers, sinking 0.2% to a near seven-month low of 7.1939 against the dollar after the People’s Bank of China cut its key loan prime rate on Tuesday. The PBOC cut its 1-year and 5-year LPR by 10 basis points each. The cut was the PBOC’s first such move in 10 months, and comes as Beijing struggles to shore up a slowing local economic rebound. While the move is expected to help support economic growth, it bodes poorly for the yuan, as rising interest rates in the rest of the globe diminish the currency’s appeal. The cut in the 5-year LPR also disappointed some traders hoping for a bigger reduction, given that the rate is used to peg mortgage prices and is closely tied to the Chinese property market. U.S. rate-hike fears dent broader Asian currencies Most other Asian units fell as markets feared any more hawkish signals from Powell later in the day, which could herald higher U.S. interest rates. The South Korean won lost 0.3%, while the Indian rupee fell 0.1%. The Australian dollar was among the few outliers for the day, rising 0.1% after steep losses in the prior session. Story continues The Japanese yen fell 0.1%, trading close to seven-month lows amid more signals from the Bank of Japan that it will maintain its ultra-loose monetary policy for longer. The minutes of the BOJ’s April meeting showed that nine out of 10 board members planned to keep the policy on hold, while comments from BOJ officials reiterated this stance on Wednesday. Related Articles Asia FX dips, dollar steadies as Powell testimony looms Yuan falters, dollar firm ahead of Powell testimony Bitcoin rises 5.1% at $28,211', 'Investing.com -- Most Asian currencies fell on Wednesday, while the dollar steadied from recent losses as markets hunkered down before more cues on monetary policy from Federal Reserve Chair Jerome Powell later in the day. Powell is set to testify before Congress later in the day, potentially offering more cues on the path of U.S. interest rates after somewhat mixed signals from a Fed meeting last week. While the bank paused its rate hike cycle, it flagged a higher peak interest rate this year, potentially heralding more increases in rates. This kept investors uncertain over what Powell may signal in his testimony, drawing some flows into the dollar on the potential for a hawkish outlook. The dollar index and dollar index futures rose slightly in Asian trade after logging some gains earlier this week. Chinese yuan hits near 7-month low after rate cut The Chinese yuan continued to lag its regional peers, sinking 0.2% to a near seven-month low of 7.1939 against the dollar after the People’s Bank of China cut its key loan prime rate on Tuesday. The PBOC cut its 1-year and 5-year LPR by 10 basis points each. The cut was the PBOC’s first such move in 10 months, and comes as Beijing struggles to shore up a slowing local economic rebound. While the move is expected to help support economic growth, it bodes poorly for the yuan, as rising interest rates in the rest of the globe diminish the currency’s appeal. The cut in the 5-year LPR also disappointed some traders hoping for a bigger reduction, given that the rate is used to peg mortgage prices and is closely tied to the Chinese property market. U.S. rate-hike fears dent broader Asian currencies Most other Asian units fell as markets feared any more hawkish signals from Powell later in the day, which could herald higher U.S. interest rates. The South Korean won lost 0.3%, while the Indian rupee fell 0.1%. The Australian dollar was among the few outliers for the day, rising 0.1% after steep losses in the prior session. Story continues The Japanese yen fell 0.1%, trading close to seven-month lows amid more signals from the Bank of Japan that it will maintain its ultra-loose monetary policy for longer. The minutes of the BOJ’s April meeting showed that nine out of 10 board members planned to keep the policy on hold, while comments from BOJ officials reiterated this stance on Wednesday. Related Articles Asia FX dips, dollar steadies as Powell testimony looms Yuan falters, dollar firm ahead of Powell testimony Bitcoin rises 5.1% at $28,211', '* U.S. housing starts surge; dollar drifts higher * Traders await UK CPI and Powell testimony By Tom Westbrook SINGAPORE, June 21 (Reuters) - The U.S. dollar was firm in Asia trade on Wednesday following surprisingly strong U.S. housing data, while the yuan and Aussie dollar nursed losses and focus turned to Federal Reserve Chair Jerome Powell\'s appearance before Congress later in the day. Single family housing starts surged 21.7% in May against expectations they\'d be more or less flat. Traders discounted it somewhat since the jump wasn\'t led by a leap in permits, but it still gave the dollar a boost ahead of Powell\'s testimony. The greenback was marginally stronger at $1.0916 per euro overnight and steady early in the Asia session. The yen was also firm at 140.50 per dollar ahead of an appearance by Bank of Japan Governor Kazuo Ueda on Wednesday. The Aussie and yuan were Tuesday\'s largest losers and were in no mood for a bounce early on Wednesday. China had cut rates by less than expected and while its post-COVID recovery stalls, hoped-for major stimulus is yet to arrive. The yuan fell about 0.3% overnight and in offshore trade early on Wednesday the currency was pinned at 7.1826 per dollar, near a seven-month low. With China\'s Premier Li Qiang abroad in Europe, traders see an imminent announcement of further stimulus as unlikely. The Aussie had taken a further beating thanks to Tuesday\'s less-hawkish-than-expected central bank minutes following this month\'s rate hike. It fell 0.9% overnight and last bought $0.6790. "The path of least resistance is further declines," said Commonwealth Bank of Australia strategist Joe Capurso. "The Aussie could dip below 0.6700 this week, particularly if Powell is hawkish," he said. Powell is due to begin his testimony at 1400 GMT. The New Zealand dollar was dragged lower in sympathy, breaking below its 50-day moving average before steadying just above its 200-day moving average at $0.6168. Story continues It is under pressure after the central bank flagged it was finished with hikes, while data showed the economy in recession. "From here we see further stagnation in growth," said Mieneke Perniskie, a currency trader at Kiwibank in Wellington. "Our pick is that the kiwi will head towards the $0.57 level before the year is out, but it won’t be in a straight line," she said. "First off the bat we will need to crack the $0.59 level. That may only be a matter of weeks away." Elsewhere sterling recovered some of its overnight drop to sit at $1.2760. British inflation data is due later in the day with economists hoping for signs its easing. The data is likely to be decisive for the Bank of England, which meets on Thursday with markets currently pricing about a 3/4 chance of a 25 bp hike and a 1/4 chance of a 50 bp hike. "Sterling may halt the current reversal (if) expectations are reshaped, with the pair potentially jumping back above 1.28 and re-testing last week\'s resistance at 1.2847," said Daniela Hathorn, analyst at Capital.com. The U.S. dollar index was steady at 102.55. Bitcoin jumped 5% overnight to break over $28,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securites and Charles Schwab. (Reporting by Tom Westbrook)', '\nU.S. housing starts surge; dollar drifts higher\n\nTraders await UK CPI and Powell testimony\nBy Tom Westbrook\nSINGAPORE, June 21 (Reuters) - The U.S. dollar was firm in Asia trade on Wednesday following surprisingly strong U.S. housing data, while the yuan and Aussie dollar nursed losses and focus turned to Federal Reserve Chair Jerome Powell\'s appearance before Congress later in the day.\nSingle family housing starts surged 21.7% in May against expectations they\'d be more or less flat. Traders discounted it somewhat since the jump wasn\'t led by a leap in permits, but it still gave the dollar a boost ahead of Powell\'s testimony.\nThe greenback was marginally stronger at $1.0916 per euro overnight and steady early in the Asia session. The yen was also firm at 140.50 per dollar ahead of an appearance by Bank of Japan Governor Kazuo Ueda on Wednesday.\nThe Aussie and yuan were Tuesday\'s largest losers and were in no mood for a bounce early on Wednesday. China had cut rates by less than expected and while its post-COVID recovery stalls, hoped-for major stimulus is yet to arrive.\nThe yuan fell about 0.3% overnight and in offshore trade early on Wednesday the currency was pinned at 7.1826 per dollar, near a seven-month low.\nWith China\'s Premier Li Qiang abroad in Europe, traders see an imminent announcement of further stimulus as unlikely.\nThe Aussie had taken a further beating thanks to Tuesday\'s less-hawkish-than-expected central bank minutes following this month\'s rate hike. It fell 0.9% overnight and last bought $0.6790.\n"The path of least resistance is further declines," said Commonwealth Bank of Australia strategist Joe Capurso.\n"The Aussie could dip below 0.6700 this week, particularly if Powell is hawkish," he said. Powell is due to begin his testimony at 1400 GMT.\nThe New Zealand dollar was dragged lower in sympathy, breaking below its 50-day moving average before steadying just above its 200-day moving average at $0.6168.\nIt is under pressure after the central bank flagged it was finished with hikes, while data showed the economy in recession.\n"From here we see further stagnation in growth," said Mieneke Perniskie, a currency trader at Kiwibank in Wellington.\n"Our pick is that the kiwi will head towards the $0.57 level before the year is out, but it won’t be in a straight line," she said. "First off the bat we will need to crack the $0.59 level. That may only be a matter of weeks away."\nElsewhere sterling recovered some of its overnight drop to sit at $1.2760. British inflation data is due later in the day with economists hoping for signs its easing.\nThe data is likely to be decisive for the Bank of England, which meets on Thursday with markets currently pricing about a 3/4 chance of a 25 bp hike and a 1/4 chance of a 50 bp hike.\n"Sterling may halt the current reversal (if) expectations are reshaped, with the pair potentially jumping back above 1.28 and re-testing last week\'s resistance at 1.2847," said Daniela Hathorn, analyst at Capital.com.\nThe U.S. dollar index was steady at 102.55. Bitcoin jumped 5% overnight to break over $28,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securites and Charles Schwab.\n(Reporting by Tom Westbrook)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell\'s comments on the central bank\'s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still "has a long way to go" and that despite a recent pause in interest rate hikes officials agreed borrowing costs would likely need to move higher. While noting that inflation remains very far from the Fed\'s target, Powell said it may make sense to still raise rates, at a more moderate pace. "Looks as if Powell failed to out-hawk markets that were braced for a more explicit ratification of the median projection in the latest dot plot summary of economic projections," said Karl Schamotta, chief market strategist at business payments company Corpay. The Fed had left interest rates unchanged at its June meeting but signalled in new projections that borrowing costs may still need to rise as much as half of a percentage point by the end of this year. "By sticking to the balanced, data-dependent language deployed in last week\'s press conference, he left investors betting that the ongoing deceleration in growth and inflation will translate into one - not two - rate hikes by year end," Schamotta said. The dollar index, which measures the currency against six rivals, fell 0.43% to 102.07 following Powell\'s testimony to the House Financial Affairs Committee. The hearing, the first of two Capitol Hill appearances this week, is part of his twice-yearly reports to federal lawmakers. "Consumer Price Index and Non-Farm Payrolls in July are going to be huge events, though it does feel that unless there\'s some kind of disastrous jobs print they\'re going to hike in July come what may," TraderX market strategist Michael Brown said. Investors broadly expect rate hikes to resume at the Fed\'s July meeting, though financial market indicators reflect doubts that the Fed will deliver more increases beyond that. YEN UNDER PRESSURE, STERLING SEESAWS The euro was 0.62% higher against the dollar at $1.0985. The dollar was up 0.3% at 141.805 yen, with the Japanese currency under pressure after Bank of Japan Governor Kazuo Ueda on Wednesday reiterated the central bank\'s dovish stance to maintain its ultra-loose monetary policy. The British pound oscillated between gains and losses after data showed UK inflation accelerated more than expected in May. The annual pace of British consumer price gains was steady at 8.7% in May, against hopes it had cooled since April, with the UK inflation rate remaining more persistent compared with other major economies. Story continues The pound was last up 0.09% at $1.2774, after slipping to a near one-week low of $1.2691 earlier in the session. The Australian dollar was up 0.15% at $0.67975, on pace to snap a three-day losing streak. The currency has weakened this week following Tuesday\'s release of the minutes of the Reserve Bank of Australia\'s June policy meeting, which lacked guidance on further rate hikes. Markets took this as a dovish sign. The Aussie, which is sensitive to Chinese economic data, has also come under pressure due to lacklustre stimulus measures from Beijing. Bitcoin extended overnight gains to breach $29,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securities and Charles Schwab. It was last up 6.47% at $30,148. (Reporting by Saqib Iqbal Ahmed, additional reporting by Tom Westbrook and Farouq Suleiman; Editing by Sam Holmes, Kim Coghill, Sharon Singleton, Alex Richardson and Richard Chang) View comments', 'By Saqib Iqbal Ahmed\nNEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell\'s comments on the central bank\'s ongoing fight to lower inflation failed to live up to the more hawkish market expectations.\nPowell told lawmakers the fight against inflation still "has a long way to go" and that despite a recent pause in interest rate hikes officials agreed borrowing costs would likely need to move higher.\nWhile noting that inflation remains very far from the Fed\'s target, Powell said it may make sense to still raise rates, at a more moderate pace.\n"Looks as if Powell failed to out-hawk markets that were braced for a more explicit ratification of the median projection in the latest dot plot summary of economic projections," said Karl Schamotta, chief market strategist at business payments company Corpay.\nThe Fed had left interest rates unchanged at its June meeting but signalled in new projections that borrowing costs may still need to rise as much as half of a percentage point by the end of this year.\n"By sticking to the balanced, data-dependent language deployed in last week\'s press conference, he left investors betting that the ongoing deceleration in growth and inflation will translate into one - not two - rate hikes by year end," Schamotta said.\nThe dollar index, which measures the currency against six rivals, fell 0.43% to 102.07 following Powell\'s testimony to the House Financial Affairs Committee.\nThe hearing, the first of two Capitol Hill appearances this week, is part of his twice-yearly reports to federal lawmakers.\n"Consumer Price Index and Non-Farm Payrolls in July are going to be huge events, though it does feel that unless there\'s some kind of disastrous jobs print they\'re going to hike in July come what may," TraderX market strategist Michael Brown said.\nInvestors broadly expect rate hikes to resume at the Fed\'s July meeting, though financial market indicators reflect doubts that the Fed will deliver more increases beyond that.\nYEN UNDER PRESSURE, STERLING SEESAWS\nThe euro was 0.62% higher against the dollar at $1.0985. The dollar was up 0.3% at 141.805 yen, with the Japanese currency under pressure after Bank of Japan Governor Kazuo Ueda on Wednesday reiterated the central bank\'s dovish stance to maintain its ultra-loose monetary policy.\nThe British pound oscillated between gains and losses after data showed UK inflation accelerated more than expected in May.\nThe annual pace of British consumer price gains was steady at 8.7% in May, against hopes it had cooled since April, with the UK inflation rate remaining more persistent compared with other major economies.\nThe pound was last up 0.09% at $1.2774, after slipping to a near one-week low of $1.2691 earlier in the session.\nThe Australian dollar was up 0.15% at $0.67975, on pace to snap a three-day losing streak. The currency has weakened this week following Tuesday\'s release of the minutes of the Reserve Bank of Australia\'s June policy meeting, which lacked guidance on further rate hikes. Markets took this as a dovish sign.\nThe Aussie, which is sensitive to Chinese economic data, has also come under pressure due to lacklustre stimulus measures from Beijing.\nBitcoin extended overnight gains to breach $29,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securities and Charles Schwab. It was last up 6.47% at $30,148.\n(Reporting by Saqib Iqbal Ahmed, additional reporting by Tom Westbrook and Farouq Suleiman; Editing by Sam Holmes, Kim Coghill, Sharon Singleton, Alex Richardson and Richard Chang)', "Major names in crypto are calling foul as some of the United States’ largest financial firms launched an exchange for digital assets today.\nWall Street giants Fidelity Digital Assets, Charles Schwab and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a pressrelease.\nCaitlin Long, an influential Wall Street veteran who is currently the CEO of the digital assets-focused Custodia Bank, told The Defiant it’s not a coincidence that the firms are launching an exchange in the wake of enforcement actions that have rocked digital assets space this year.\n“All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,” she said.\nLong named Coinbase, which the SECsuedthis month, as a prime example of the enforcement actions which may have opened the way for the new exchange.\nUnited States agencies, particularly the SEC, have charged crypto companies like Coinbase and Binance’s U.S.-basedoperations, with violating securities law. They also continue to push forward rulemaking which crypto’s proponents have said isill-fittedto the technology.\nSimilar perspectives to Long’s ricocheted around crypto-focused social media accounts on Tuesday as the news of EDX’s launch hit.\nInvestorAdam Cochransaid large financial firms have “bullied out participants so they can scoop up cheap coins.”\nBlackrock, the world’s largest asset manager, alsoappliedto launch an ETF for Bitcoin last Thursday. Numerous crypto-native companies have submitted applications to launch a spot Bitcoin ETF and none have been approved.\nLong believes that if BlackRock’s application is approved, it will spawn intense controversy.\n“If that one is the one that breaks through, will you have a lot of people across the entire spectrum of the crypto industry, but far beyond the crypto industry, standing up and screaming, saying, ‘what the heck?’” she said.\n“It sure appears that there's an incumbency bias,” the CEO added, suggesting that regulators are favoring established companies’ forays into crypto, rather companies geared toward the digital asset industry from the get go.\nTo be sure, Long said she doesn't believe digital asset projects are without fault.\n“I'm not defending everything that this industry has done,” the CEO said. “In fact, the vast majority of it needs to burn on a raging funeral pyre.”\nAnd intentions to launch EDX did become publiclast year, so it’s not true to say that the exchange’s backers had waited until this moment to start developing their platform. That hasn’t stopped Long, and many others in the crypto space to question whether there has been a degree of coordination between regulators and Wall Street firms.\nButblockchainsare not going anywhere, despite the regulatory hurdles and what she sees as favoritism towards incumbent financial institutions, Long said. “Nothing's stopping the base layer blockchains,” she said.", "Major names in crypto are calling foul as some of the United States’ largest financial firms launched an exchange for digital assets today. Wall Street giants Fidelity Digital Assets, Charles Schwab and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a press release . Caitlin Long, an influential Wall Street veteran who is currently the CEO of the digital assets-focused Custodia Bank, told The Defiant it’s not a coincidence that the firms are launching an exchange in the wake of enforcement actions that have rocked digital assets space this year. “All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,” she said. Long named Coinbase, which the SEC sued this month, as a prime example of the enforcement actions which may have opened the way for the new exchange. United States agencies, particularly the SEC, have charged crypto companies like Coinbase and Binance’s U.S.-based operations , with violating securities law. They also continue to push forward rulemaking which crypto’s proponents have said is ill-fitted to the technology. Bullied Participants Similar perspectives to Long’s ricocheted around crypto-focused social media accounts on Tuesday as the news of EDX’s launch hit. Investor Adam Cochran said large financial firms have “bullied out participants so they can scoop up cheap coins.” Blackrock, the world’s largest asset manager, also applied to launch an ETF for Bitcoin last Thursday. Numerous crypto-native companies have submitted applications to launch a spot Bitcoin ETF and none have been approved. Incumbency Bias Long believes that if BlackRock’s application is approved, it will spawn intense controversy. “If that one is the one that breaks through, will you have a lot of people across the entire spectrum of the crypto industry, but far beyond the crypto industry, standing up and screaming, saying, ‘what the heck?’” she said. Story continues “It sure appears that there's an incumbency bias,” the CEO added, suggesting that regulators are favoring established companies’ forays into crypto, rather companies geared toward the digital asset industry from the get go. Raging Funeral Pyre To be sure, Long said she doesn't believe digital asset projects are without fault. “I'm not defending everything that this industry has done,” the CEO said. “In fact, the vast majority of it needs to burn on a raging funeral pyre.” And intentions to launch EDX did become public last year , so it’s not true to say that the exchange’s backers had waited until this moment to start developing their platform. That hasn’t stopped Long, and many others in the crypto space to question whether there has been a degree of coordination between regulators and Wall Street firms. But blockchains are not going anywhere, despite the regulatory hurdles and what she sees as favoritism towards incumbent financial institutions, Long said. “Nothing's stopping the base layer blockchains,” she said.", "Major names in crypto are calling foul as some of the United States’ largest financial firms launched an exchange for digital assets today.\nWall Street giants Fidelity Digital Assets, Charles Schwab and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a pressrelease.\nCaitlin Long, an influential Wall Street veteran who is currently the CEO of the digital assets-focused Custodia Bank, told The Defiant it’s not a coincidence that the firms are launching an exchange in the wake of enforcement actions that have rocked digital assets space this year.\n“All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,” she said.\nLong named Coinbase, which the SECsuedthis month, as a prime example of the enforcement actions which may have opened the way for the new exchange.\nUnited States agencies, particularly the SEC, have charged crypto companies like Coinbase and Binance’s U.S.-basedoperations, with violating securities law. They also continue to push forward rulemaking which crypto’s proponents have said isill-fittedto the technology.\nSimilar perspectives to Long’s ricocheted around crypto-focused social media accounts on Tuesday as the news of EDX’s launch hit.\nInvestorAdam Cochransaid large financial firms have “bullied out participants so they can scoop up cheap coins.”\nBlackrock, the world’s largest asset manager, alsoappliedto launch an ETF for Bitcoin last Thursday. Numerous crypto-native companies have submitted applications to launch a spot Bitcoin ETF and none have been approved.\nLong believes that if BlackRock’s application is approved, it will spawn intense controversy.\n“If that one is the one that breaks through, will you have a lot of people across the entire spectrum of the crypto industry, but far beyond the crypto industry, standing up and screaming, saying, ‘what the heck?’” she said.\n“It sure appears that there's an incumbency bias,” the CEO added, suggesting that regulators are favoring established companies’ forays into crypto, rather companies geared toward the digital asset industry from the get go.\nTo be sure, Long said she doesn't believe digital asset projects are without fault.\n“I'm not defending everything that this industry has done,” the CEO said. “In fact, the vast majority of it needs to burn on a raging funeral pyre.”\nAnd intentions to launch EDX did become publiclast year, so it’s not true to say that the exchange’s backers had waited until this moment to start developing their platform. That hasn’t stopped Long, and many others in the crypto space to question whether there has been a degree of coordination between regulators and Wall Street firms.\nButblockchainsare not going anywhere, despite the regulatory hurdles and what she sees as favoritism towards incumbent financial institutions, Long said. “Nothing's stopping the base layer blockchains,” she said.", 'New York-based asset manager WisdomTree has submitted a new application for a spot Bitcoin exchange-traded fund (ETF) in the U.S., less than a week after BlackRockfiledits application for a similar spot Bitcoin ETF.\nSee related article:BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian\n• WisdomTree said in a Tuesdayfilingto the Securities and Exchange Commission (SEC) that it plans to launch the “WisdomTree Bitcoin Trust” to be listed on the Cboe BZX Exchange under the ticker “BTCW.”\n• U.S. Bank National Association will serve as the custodian, according to the filing.\n• “The bitcoin market has matured such that it is operating at a level of efficiency and scale similar in material respects to established global equity, fixed income and commodity markets,” WisdomTree said in the filing.\n• This is not WisdomTree’s first attempt to get a spot Bitcoin ETF approved. In December 2021, the SECrejectedits application, citing a lack of “surveillance-sharing agreements” and market manipulation concerns.\n• WisdomTree’s application comes after BlackRock, which manages about US$10 trillion as the world’s biggest asset manager,filedlast Thursday an application to launch a spot Bitcoin ETF.\n• Earlier this month, the SECsuedCoinbase and Binance.US., two of the industry’s biggest crypto exchanges, for allegedly breaching securities rules. That adds to uncertainties the SEC will approve BlackRock’s ETF, given that a Coinbase unit would act as custodian for the product.\n• “BlackRock breathed new life into the race,” Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted Tuesday, reacting to WisdomTree’s ETF filing.\n• Bitcoin gained 7.1% over the past 24 hours to trade at US$28,808 at 10:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization has risen 74% so far this year but is still far below its peak at around US$64,000 recorded in November 2021.\nSee related article:Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown', 'New York-based asset manager WisdomTree has submitted a new application for a spot Bitcoin exchange-traded fund (ETF) in the U.S., less than a week after BlackRockfiledits application for a similar spot Bitcoin ETF.\nSee related article:BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian\n• WisdomTree said in a Tuesdayfilingto the Securities and Exchange Commission (SEC) that it plans to launch the “WisdomTree Bitcoin Trust” to be listed on the Cboe BZX Exchange under the ticker “BTCW.”\n• U.S. Bank National Association will serve as the custodian, according to the filing.\n• “The bitcoin market has matured such that it is operating at a level of efficiency and scale similar in material respects to established global equity, fixed income and commodity markets,” WisdomTree said in the filing.\n• This is not WisdomTree’s first attempt to get a spot Bitcoin ETF approved. In December 2021, the SECrejectedits application, citing a lack of “surveillance-sharing agreements” and market manipulation concerns.\n• WisdomTree’s application comes after BlackRock, which manages about US$10 trillion as the world’s biggest asset manager,filedlast Thursday an application to launch a spot Bitcoin ETF.\n• Earlier this month, the SECsuedCoinbase and Binance.US., two of the industry’s biggest crypto exchanges, for allegedly breaching securities rules. That adds to uncertainties the SEC will approve BlackRock’s ETF, given that a Coinbase unit would act as custodian for the product.\n• “BlackRock breathed new life into the race,” Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted Tuesday, reacting to WisdomTree’s ETF filing.\n• Bitcoin gained 7.1% over the past 24 hours to trade at US$28,808 at 10:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization has risen 74% so far this year but is still far below its peak at around US$64,000 recorded in November 2021.\nSee related article:Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown', 'New York-based asset manager WisdomTree has submitted a new application for a spot Bitcoin exchange-traded fund (ETF) in the U.S., less than a week after BlackRock filed its application for a similar spot Bitcoin ETF. See related article: BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian Fast facts WisdomTree said in a Tuesday filing to the Securities and Exchange Commission (SEC) that it plans to launch the \x93WisdomTree Bitcoin Trust\x94 to be listed on the Cboe BZX Exchange under the ticker \x93BTCW.\x94 U.S. Bank National Association will serve as the custodian, according to the filing. \x93The bitcoin market has matured such that it is operating at a level of efficiency and scale similar in material respects to established global equity, fixed income and commodity markets,\x94 WisdomTree said in the filing. This is not WisdomTree\x92s first attempt to get a spot Bitcoin ETF approved. In December 2021, the SEC rejected its application, citing a lack of \x93surveillance-sharing agreements\x94 and market manipulation concerns. WisdomTree\x92s application comes after BlackRock, which manages about US$10 trillion as the world\x92s biggest asset manager, filed last Thursday an application to launch a spot Bitcoin ETF. Earlier this month, the SEC sued Coinbase and Binance.US., two of the industry\x92s biggest crypto exchanges, for allegedly breaching securities rules. That adds to uncertainties the SEC will approve BlackRock\x92s ETF, given that a Coinbase unit would act as custodian for the product. \x93BlackRock breathed new life into the race,\x94 Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted Tuesday, reacting to WisdomTree\x92s ETF filing. Bitcoin gained 7.1% over the past 24 hours to trade at US$28,808 at 10:00 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization has risen 74% so far this year but is still far below its peak at around US$64,000 recorded in November 2021. See related article: Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown', 'Bitcoin surged over 5% in Wednesday morning trading in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin cryptocurrencies except XRP. Bitcoin\x92s jump followed the Tuesday evening launch of EDX Markets , a cryptocurrency exchange backed by major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab. Meanwhile, the U.S. equity futures edged lower as investors waited for the Federal Reserve Chair Jerome Powell\x92s Wednesday testimony to Congress, with economic data on Tuesday pointing to a recovery in the U.S. housing market. Bitcoin leads crypto rally Bitcoin jumped 5.65% over the last 24 hours to US$28,285 at 07:30 a.m. in Hong Kong, moving up 9.36% for the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency breached the US$28,000 mark early Wednesday for the first time since May 30. Ether also gained 2.94% to US$1,788 and added 3% for the week. Most top 10 non-stablecoin tokens traded higher in the past 24 hours as Bitcoin spearheaded the rally, with the exception of XRP, which dipped 0.34% over the same period. EDX Markets, a New Jersey-based crypto exchange, officially launched on Tuesday. Its investors include Fidelity Investment, an asset manager overseeing more than US$4 trillion in assets, and will offer Bitcoin, Bitcoin Cash, Ethereum and Litecoin trading services. The launch of EDX Markets echoes BlackRock\x92s Bitcoin exchange-traded fund filing last week, which indicates institutional interest in cryptocurrencies despite the U.S. Securities and Exchange Commission\x92s crackdown on the industry. \x93The SEC\x92s probability of approving the Blackrock Bitcoin ETF is high,\x94 said Markus Thielen, head of crypto research at digital asset service platform Matrixport, in an email. \x93The ETF might be approved by September/October 2023 and will attract US$10 billion within three months and US$20 billion within six months \x97 materially supporting Bitcoin prices.\x94 Story continues Adding to the signals of institutional adoption, German investment bank Deutsche Bank has reportedly applied for a license from German regulators to offer custody services for digital assets including cryptocurrencies, according to Bloomberg on Tuesday. On the regulatory front, the U.K.\x92s Financial Services and Markets Bill, which proposes cryptocurrency regulation in the country, was approved by the Parliament\x92s upper house on Sunday, signaling that the bill is now in its final stage before being enacted into law. \x93[The bill] could essentially recognize cryptocurrencies as a regulated activity and stablecoins as a means of payment,\x94 said investment fund Ark36 Chief Executive Officer Anto Paroian in an email. \x93If the bill is accepted and put into law, this could propel the cryptocurrency industry as a whole into a more mature and respected position within the global financial landscape while putting Britain on the map as a potential global hub for crypto.\x94 The total cryptocurrency market cap rose 3.70% to US$1.11 trillion in the last 24 hours, while crypto trading volume rose 47.78% to US$38.63 billion, according to CoinMarketCap data. NFT transactions rise across markets The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 1.34% in the 24 hours to 10:00 a.m. in Hong Kong but was still down 1.10% for the week. NFT transactions on Ethereum dipped 0.81% in the past 24 hours to US$13.84 million, according to CryptoSlam data. Transactions on the Bitcoin, Solana and Polygon blockchains also logged gains for the past 24 hours. Azuki topped the 24-hour transactions on the Ethereum blockchain, which rose 3.33% to 1.21 million, while Bored Ape Yacht Clubs (BAYC) transactions gained 37.05% to US$1.15 million. \x93[The launch of EDX markets and Deutsche Bank applying for digital asset custody service license indicate] the future of crypto is beginning to take shape. This has implications for the NFT markets, though in the short term, not enough to reverse the recent market trends,\x94 said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. The collaboration between Nike\x92s Web3 platform .SWOOSH and the online video game Fortnite was unveiled on Tuesday. The partnership introduced \x93 Airphoria \x94, a Nike-themed game world, into Fortnite, where players can play to earn digital sneakers and outfits as in-game accessories. However, the collaboration did not introduce NFTs to Fortnite as some had expected. \x93While many were hopeful that NFTs would arrive in Fortnite directly, there are some NFT tie-ins , as gamers who link their Nike account to their Fortnite account will receive an NFT that provides access to a future .SWOOSH NFT drop, along with an achievement on Nike\x92s .SWOOSH platform,\x94 said Petscher. \x93A secondary market for these digital collectible shoes still isn\x92t live, but it\x92s expected to launch at any time, and we\x92ll get to see how sales compare to other web2 facing mediums like Reddit Avatars,\x94 Petscher added. Yuga Labs, the developer of BAYC, announced on Wednesday that HV-MTL Forge, a game based on the BAYC-related HV-MTL NFT collection, would be launched on June 29, triggering a surge of HV-MTL transactions, which rose 287.07% in the past 24 hours to US$360,129, according to CryptoSlam data. Meanwhile, in Asia, a group of Rohingya photographers issued an NFT collection \x93 Rohingyatographer \x94 on the Ethereum blockchain on Tuesday. The collection features 50 photographs of Rohingya people\x92s life to commemorate Refugee Week , which will be open for auction on OpenSea from June 20 to June 27. U.S. futures flat U.S. stock futures traded flat to lower as of 11:15 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched 0.01% lower, while Nasdaq futures dipped 0.03%. The three major U.S. stock indexes closed lower on Tuesday as investors wait for the Federal Reserve Chair Jerome Powell\x92s semi-annual report to the U.S. Congress on Wednesday, which will provide further insights into the Fed\x92s next move on interest rates. Although the Fed paused the interest rate hikes on June 14, it projects the interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. Adding to investors\x92 caution, the U.S. transportation giant FedEx Corp. provided a worse-than-expected outlook in its fourth quarter report released Tuesday, citing \x93continued demand weakness,\x94 according to Bloomberg . On the economic data front, the U.S. housing starts \x97 which measures new home constructions \x97 reached 1.63 million in May, an increase of over 20% from April, according to the U.S. Census Bureau. The data is well beyond the analysts\x92 expectation of a 0.1% decrease, according to CNN on Tuesday, and points to strong demand in the U.S. housing market. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 23.1% chance the Fed will keep rates unchanged in July, and a 76.9% chance for another 25-basis-point rate hike, up from 74.4% on Tuesday. (Updates with NFT and Equities section.)', 'Bitcoin surged over 5% in Wednesday morning trading in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin cryptocurrencies except XRP. Bitcoin’s jump followed the Tuesday evening launch ofEDX Markets, a cryptocurrency exchange backed by major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab. Meanwhile, the U.S. equity futures edged lower as investors waited for the Federal Reserve Chair Jerome Powell’s Wednesday testimony to Congress, with economic data on Tuesday pointing to a recovery in the U.S. housing market.\nBitcoin jumped 5.65% over the last 24 hours to US$28,285 at 07:30 a.m. in Hong Kong, moving up 9.36% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency breached the US$28,000 mark early Wednesday for the first time since May 30.\nEther also gained 2.94% to US$1,788 and added 3% for the week. Most top 10 non-stablecoin tokens traded higher in the past 24 hours as Bitcoin spearheaded the rally, with the exception of XRP, which dipped 0.34% over the same period.\nEDX Markets, a New Jersey-based crypto exchange, officially launched on Tuesday. Its investors include Fidelity Investment, an asset manager overseeing more than US$4 trillion in assets, and will offer Bitcoin, Bitcoin Cash, Ethereum and Litecoin trading services.\nThe launch of EDX Markets echoesBlackRock’s Bitcoin exchange-traded fund filinglast week, which indicates institutional interest in cryptocurrencies despite the U.S. Securities and Exchange Commission’s crackdown on the industry.\n“The SEC’s probability of approving the Blackrock Bitcoin ETF is high,” said Markus Thielen, head of crypto research at digital asset service platform Matrixport, in an email. “The ETF might be approved by September/October 2023 and will attract US$10 billion within three months and US$20 billion within six months — materially supporting Bitcoin prices.”\nAdding to the signals of institutional adoption, German investment bank Deutsche Bank has reportedly applied for a license from German regulators to offer custody services for digital assets including cryptocurrencies, according toBloombergon Tuesday.\nOn the regulatory front, the U.K.’s Financial Services and Markets Bill, which proposes cryptocurrency regulation in the country, wasapprovedby the Parliament’s upper house on Sunday, signaling that the bill is now in its final stage before being enacted into law.\n“[The bill] could essentially recognize cryptocurrencies as a regulated activity and stablecoins as a means of payment,” said investment fund Ark36 Chief Executive Officer Anto Paroian in an email. “If the bill is accepted and put into law, this could propel the cryptocurrency industry as a whole into a more mature and respected position within the global financial landscape while putting Britain on the map as a potential global hub for crypto.”\nThe total cryptocurrency market cap rose 3.70% to US$1.11 trillion in the last 24 hours, while crypto trading volume rose 47.78% to US$38.63 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexrose 1.34% in the 24 hours to 10:00 a.m. in Hong Kong but was still down 1.10% for the week.\nNFT transactions on Ethereum dipped 0.81% in the past 24 hours to US$13.84 million, according toCryptoSlamdata. Transactions on the Bitcoin, Solana and Polygon blockchains also logged gains for the past 24 hours.\nAzuki topped the 24-hour transactions on the Ethereum blockchain, which rose 3.33% to 1.21 million, while Bored Ape Yacht Clubs (BAYC) transactions gained 37.05% to US$1.15 million.\n“[The launch of EDX markets and Deutsche Bank applying for digital asset custody service license indicate] the future of crypto is beginning to take shape. This has implications for the NFT markets, though in the short term, not enough to reverse the recent market trends,” said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News.\nThe collaboration between Nike’s Web3 platform .SWOOSH and the online video game Fortnite was unveiled on Tuesday. The partnership introduced “Airphoria”, a Nike-themed game world, into Fortnite, where players can play to earn digital sneakers and outfits as in-game accessories. However, the collaboration did not introduce NFTs to Fortnite as some had expected.\n“While many were hopeful that NFTs would arrive in Fortnite directly, there are someNFT tie-ins, as gamers who link their Nike account to their Fortnite account will receive an NFT that provides access to a future .SWOOSH NFT drop, along with an achievement on Nike’s .SWOOSH platform,” said Petscher.\n“A secondary market for these digital collectible shoes still isn’t live, but it’s expected to launch at any time, and we’ll get to see how sales compare to other web2 facing mediums like Reddit Avatars,” Petscher added.\nYuga Labs, the developer of BAYC,announcedon Wednesday that HV-MTL Forge, a game based on the BAYC-related HV-MTL NFT collection, would be launched on June 29, triggering a surge of HV-MTL transactions, which rose 287.07% in the past 24 hours to US$360,129, according to CryptoSlam data.\nMeanwhile, in Asia, a group of Rohingya photographers issued an NFT collection “Rohingyatographer” on the Ethereum blockchain on Tuesday. The collection features 50 photographs of Rohingya people’s life to commemorateRefugee Week, which will be open for auction on OpenSea from June 20 to June 27.\nU.S. stock futures traded flat to lower as of 11:15 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched 0.01% lower, while Nasdaq futures dipped 0.03%.\nThe three major U.S. stock indexes closed lower on Tuesday as investors wait for the Federal Reserve Chair Jerome Powell’s semi-annual report to the U.S. Congress on Wednesday, which will provide further insights into the Fed’s next move on interest rates.\nAlthough the Fed paused the interest rate hikes on June 14, itprojectsthe interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year.\nAdding to investors’ caution, the U.S. transportation giant FedEx Corp. provided a worse-than-expected outlook in its fourth quarter report released Tuesday, citing “continued demand weakness,” according toBloomberg.\nOn the economic data front, theU.S. housing starts— which measures new home constructions — reached 1.63 million in May, an increase of over 20% from April, according to the U.S. Census Bureau. The data is well beyond the analysts’ expectation of a 0.1% decrease, according toCNNon Tuesday, and points to strong demand in the U.S. housing market.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 23.1% chance the Fed will keep rates unchanged in July, and a 76.9% chance for another 25-basis-point rate hike, up from 74.4% on Tuesday.\n(Updates with NFT and Equities section.)', 'Bitcoin surged over 5% in Wednesday morning trading in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin cryptocurrencies except XRP. Bitcoin’s jump followed the Tuesday evening launch ofEDX Markets, a cryptocurrency exchange backed by major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab. Meanwhile, the U.S. equity futures edged lower as investors waited for the Federal Reserve Chair Jerome Powell’s Wednesday testimony to Congress, with economic data on Tuesday pointing to a recovery in the U.S. housing market.\nBitcoin jumped 5.65% over the last 24 hours to US$28,285 at 07:30 a.m. in Hong Kong, moving up 9.36% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency breached the US$28,000 mark early Wednesday for the first time since May 30.\nEther also gained 2.94% to US$1,788 and added 3% for the week. Most top 10 non Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $557,338,100,150 - Hash Rate: 314884889.72798514 - Transaction Count: 363280.0 - Unique Addresses: 693078.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Daderot / Wikimedia Commons If you have $500 that you hope to turn into $100,000, congratulations you are an optimist with lofty goals. But to make your dream a reality, youll have to earn gains of 19,900% . Find Out: How Much Americans Have in Their Savings Accounts in 2023 Learn: 3 Things You Must Do When Your Savings Reach $50,000 Those kinds of stratospheric returns require a lot of risk, a lot of time, a lot of luck or, more likely, some combination of all three. If you have $500, you can buy an alternator for a Porsche Taycan 4 Cross Turismo. Here are a few potential paths to growing it until you can buy the whole car. The Slow Way to 19,900% Takes Most of a Lifetime Early Bitcoin investors who sold at the 2021 crypto peak earned 20,000% and then some. But unless you have the foresight to spot a virtually unknown asset class thats poised to emerge as the next big thing, youll probably look to the stock market. If thats the plan, start young. While its technically possible to turn $500 into $100,000 through investing, its not a realistic or reliable goal for most people, said Wall Street strategist Josh Dudick, CEO of wealth and investment site Top Dollar . The stock market, for example, has historically delivered an average annual return of around 10%. If you invested $500 and earned a 10% return each year, it would take over 55 years to turn that initial investment into $100,000. Take Our Poll: Are You Planning To Buy or Sell a House This Year? The Fast Way to $100,000 Is Also the Fast Way to $0 If you cant wait until the late 2070s to get your hands on your cash, youll have to speed up the clock and the only way to do that is to dial up the risk. Achieving a 200-fold return on a $500 investment is possible through derivative investments, such as options or futures, said June Jia, a quantitative researcher at GF Securities and owner of Canny Trading . Compared to traditional assets like stocks or ETFs, options and futures can provide significant leverage, sometimes reaching several hundred or even thousands of times, which may result in a rapid increase in portfolio value. Story continues The Potential for Colossal Gains Carries the Risk of Total Loss Derivatives trading was a little-known niche in the investing world before it blew up the global economy in 2008. Those responsible for the reckless investments that triggered the Great Recession were blinded by the potential for magnified gains like those that Jia describes. You would be wise to avoid the same mistake with your $500. The potential for high returns comes with a corresponding level of risk, Jia said. To effectively manage risk, investing only a small portion of portfolio funds each time and diversifying investments to mitigate risk exposure is advisable. No matter your risk-mitigation efforts, be prepared to wave goodbye to any portion of your $500 that you bet on leveraged investing. Derivative products are only recommended for sophisticated investors who understand the risks and possibility of losing their entire principal, Dudick said. Day Trading Is More Familiar Than Derivatives, But Nearly as Risky While derivatives trading is alien to the average investor, the concept of buying stocks, selling them at a profit and harvesting the gains is not and if youre good, you can get to $100,000. Plenty of investors have made this goal possible with day trading, said financial expert Matt Roberts, COO and co-founder of My Choice Insurance . The SEC has warned since at least 2005 that day trading is not actual investing and it is a path to significant losses for nearly all who try it. Nearly two decades later, little has changed. Day trading isnt for the faint-hearted or people who are new to investing, Roberts said. This takes a deep understanding of different markets, so it isnt something beginners should be doing. However, if you do learn how market forces play, the goal is possible. Just make sure that you understand the risks involved in it before you start day trading or before you get too aggressive with it. Between Fast and Slow Is Steady: $500 as an Initial Investment Aviva Pinto, managing director of Wealthspire Advisors , is aware that youd need more than half a century to realize 19,900% gains and she reminds investors that 10% annualized returns are no guarantee. The key to shortening that timeline is to treat your $500 merely as a down payment on your future financial freedom. If you start with $500 and add $100 a month, assuming an interest rate of 5%, you would have $111,142.38 at the end of 35 years, Pinto said. If we assume you can get an annual 7% return, you would have $117.159.07 after 30 years. Also, you could lighten the load by breaking up your overall objective into more achievable milestones. Instead of immediately targeting a $100,000 goal, start with a $1,000 goal, Roberts said. Once you hit that $1,000 goal, your new goal is to turn it into $2,000, then $3,000 and so on. Continue this mini goal-setting until you reach $100,000. More From GOBankingRates 5 Expensive Renovations Homeowners Always Regret Financial Insight in Your Inbox: Sign Up for GBR's Daily Newsletter 3 Ways to Recession Proof Your Retirement 7 Things You Must Do To Create a Plan for Your Money This article originally appeared on GOBankingRates.com : You Have $500 To Invest: Can It Be Turned Into $100K?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['At the beginning of the pandemic, markets reacted as though the world was going to end. Then, after the Federal Reserve unveiled its stimulus measures, nearly every tech stock rallied, the crypto bubble formed, andmeme stockswent to the moon. That was followed by big declines in stocks over fears of interest rate hikes and a recession. Nowadays, while it appears we’re in a “Goldilocks” phase, tread cautiously. Even in the current rally, there are till plenty of overvalued stocks still worthy of a sell, including:\nSource: shutterstock.com/Black Salmon\nWest Texas Intermediate Oiltumbled40% over the last year. All thanks to supply issues, China’s weaker than expected economy, and bigger demand for electric vehicles. In addition, the\xa0Biden Administration’s sales from America’s Strategic Petroleum Reserve has weighed heavily on prices, too.\xa0All of this, of course, is bad news for BigOil stocks, includingOccidental Petroleum(NYSE:OXY).\nMoreover, I’ve read that the Biden administration is considering allowing a sort of nonviolent “hostile freeze” to take effect in Ukraine, along the lines of the standoff that the two Koreas have endured for many decades. Also, as we get closer to the U.S. presidential election, I believe that such a scenario is growing increasingly likely, particularly if Biden’s anti-war primary challenger, Robert F. Kennedy, Jr, continues to climb in the polls.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIf a de facto cease fire does take hold in Ukraine, oil prices are likely to plunge, with OXY stock following suit.\nOXY stock currently has a forward price-earnings ratio of 11.3, but that probably does not\xa0 bake in a big decline in oil prices in 2024. And the shares climbed last year due to increases in oil prices and Warren Buffett’s purchase of a great deal of the company’s shares, but what comes up often comes down, and even Buffett is not right 100% of the time.\nSource: shutterstock.com/Leonid Sorokin\nWorries about the recession that hasn’t come and isn’t likely to arrive this year or next year have caused the valuations of staples stocks likeClorox(NYSE:CLX) to hit the roof. As of the afternoon of June 15,\xa0 the shares were changing hands at a forward price-earnings ratio of 28.5. That’s a ridiculously high valuation for a maker of staples products.\nShowing that the long-feared recession is unlikely to materialize,Goldman Sachsrecently loweredthe chances of a recession over the next 12 months to 25%, while the Fedestimates thatGDP will climb 1.8% in the second quarter.\xa0As fewer and fewer economists warn about\xa0 an impending recession,\xa0 many investors will sell staple stocks, including Clorox, and move into more economically sensitive stocks. That’s because staples stocks like CLX are often viewedas good names to buyduring recessions.\xa0 \xa0As a result,\xa0 CLX stock is likely to tumble within the next several months.\nSource: Shutterstock\nAbout two yearsafter pausing itsspace flights due to an issue with a supplier,Virgin Galactic(NYSE:SPCE) is supposed to resume commercial flights in late June. And the company launched a successful test flight last month.\nHowever, I’ve always viewedspace stocksas very risky because of the many unsuccessful flights that occur. And recently, Bank of Americawarned thatVirgin Galactic is particularly risky because it’s using only\xa0 “one mothership.” As a result, if the ship can’t be used for an extended period, SPCE stock is likely to plunge, the bank suggested.\nMoreover, SPCE plans to take its tourists, who will be asked to pay hundreds of thousands of dollars each ,”to the edge of space,” i.e. just barely above the atmosphere. Given that point and the high risks involved, I have my doubts about how many tickets the company will be able to sell.\nSPCE stock currently has a market capitalization of $1.7 billion. If the company has trouble attracting space tourists and/or it has difficulties with its mothership, it will probably have trouble generating much over $100 million of revenue annually, meaning that it could be valued at a gargantuan 17 times its sales.\nSource: Shutterstock\nDisney’s(NYSE:DIS) huge problems have been evident for many years, but the Street seemingly can’t or won’t internalize them, as its forward price-earnings ratio is a fairly strong 16. Specifically, the lion’s share of Disney’s top and bottom lines are derived from two faltering sectors: cable TV and movie theaters. And meanwhile, its growth sector –streaming — remains unprofitable and faces tons of competition.\nIn more recent years, another issue –the company’s antagonism of about half of America with its political/social stances — has become problematic. Anyone who thinks such a situation can’t greatly undermine a large company should take a look at what has happened toAnheuser-Busch(NYSE:BUD). I believe that Disney’s blunders in this area have indeed hurt its financial results and will continue to do so for some time.\nShowing the weakness of Disney’s growth, analysts, on average, onlyexpect its top line toincrease 4.7% in 2024 versus 2023, despite the economy’s strength.\xa0I believe that DIS stock deserves a price-earnings ratio more in the 8x-10x range, and I think the shares will get there sooner than later. As a result, DIS is definitely one of the overpriced stocks to sell at this point.\nSource: Shutterstock\nThe shares of fast casual Mediterranean restaurant ownerCava(NYSE:CAVA) doubled on their first day of trading on June 15 in the wake of the company’s IPO.\nThe sharesnow havea valuation of roughly 7.4 times the company’s trailing revenue. Cava’s revenue will jump in the coming yearsbecause it“has 263 restaurants and wants to expand to over 1,000 by 2033.”\nStill, its valuation is far too high, since it’s far from being profitable and faces a tremendous amount of competition. On the profitability front, Cava reported a net loss of $59 million for 2022, and it has warned that its costs will increase in the coming years as it launches new restaurants.\xa0As far as competition is concerned, I’ve seen fast-casual Mediterranean restaurants, owned by various companies, in nearly every American city in which I’ve lived or visited over the last decade. And one can argue that Cava also competes with all of the fast-casual restaurants whose food is viewed as healthy.\nChipotle(NYSE:CMG) andSubway, for example, could both be looked at as being in the category.\nSource: Shutterstock\nMicroStrategy(NASDAQ:MSTR) has tied its fate to that ofBitcoin(BTC-USD),as the company“holdsapproximately140,000 bitcoin worth about $4 billion.”\nIf Bitcoin tumbles 75%, which I believe is quite likely, the value of MSTR’s Bitcoin holdings would drop by 75% of $4 billion ,or $3 billion. If MSTR’s market capitalization, whichis currently$4 billion, falls by $3 billion, its shares will have lost 75% of their value, all else being equal.\nThe company’s founder and executive chairman, Michael Saylor, contends that crypto will become a “bitcoin focused industry.” But, as I pointedout in a previous column, Washington looks poised to decimate America’s largest crypto exchange,Coinbase(NASDAQ:COIN), while another leading crypto exchange,Binance, also looks destined for failure, given the SEC’s even more onerous lawsuit against it. Additionally, Washington is strongly discouraging the nation’s banks from getting involved with crypto exchanges and the entire crypto sector.\nGiven these points, I believe that, within six months to a year, Americans will find it very difficult to buy and sell Bitcoin. Consequently, I expect the crypto’s value to plunge, taking MSTR stock with it.\nSource: Shutterstock\nLike Clorox,Coca-Cola’s(NYSE:KO) valuation has become quite excessive because of investors who are afraid of a recession piling into it.\xa0 Specifically, the stock’s forward price-earnings ratio is 23.4x.\xa0That’s a rather high valuation for a company whose bottom line is only expected by analysts, on average, to increase 5% this year. Moreover, unlike, say, most tech companies, manyconsumer discretionary stocks, and even some financial services firms, Coca-Cola’s profits have virtually no chance of every jumping 10%-15% in a given year.\nMoreover, I think there’s a risk that, at some point, the company’s financial results could be significantly, negatively impacted by increased concerns about the unhealthy quality of its flagship beverage.\xa0And showing that investors may be already tiring of the name, KO stock has greatly underperformed this year, falling 4% through June 15.\n[{"OXY": "CLX", "Occidental Petroleum": "Clorox", "$58.15": "$156.54"}, {"OXY": "SPCE", "Occidental Petroleum": "Virgin Galactic", "$58.15": "$4.73"}, {"OXY": "DIS", "Occidental Petroleum": "Disney", "$58.15": "$91.32"}, {"OXY": "CAVA", "Occidental Petroleum": "Cava Group", "$58.15": "$38.15"}, {"OXY": "MSTR", "Occidental Petroleum": "MicroStrategy", "$58.15": "$293.39"}, {"OXY": "KO", "Occidental Petroleum": "Coca-Cola", "$58.15": "$61.67"}]\nOn the date of publication, Larry Ramerwas short COIN.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nLarry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• Did Elon Musk Just Trigger a New Netscape Moment?\n• The $1 Investment You MUST Take Advantage of Right Now\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe postGet Out Now! 7 Extremely Overvalued Stocks Set to Spiral Downwardappeared first onInvestorPlace.', "At the beginning of the pandemic, markets reacted as though the world was going to end. Then, after the Federal Reserve unveiled its stimulus measures, nearly every tech stock rallied, the crypto bubble formed, and meme stocks went to the moon. That was followed by big declines in stocks over fears of interest rate hikes and a recession. Nowadays, while it appears we\x92re in a \x93Goldilocks\x94 phase, tread cautiously. Even in the current rally, there are till plenty of overvalued stocks still worthy of a sell, including: Overvalued Stocks: Occidental Petroleum ( OXY ) Figurines of two little men in suits looking at downward stock arrow going through the floor Source: shutterstock.com/Black Salmon West Texas Intermediate Oil tumbled 40% over the last year. All thanks to supply issues, China\x92s weaker than expected economy, and bigger demand for electric vehicles. In addition, the\xa0Biden Administration\x92s sales from America\x92s Strategic Petroleum Reserve has weighed heavily on prices, too.\xa0All of this, of course, is bad news for Big Oil stocks , including Occidental Petroleum (NYSE: OXY ). Moreover, I\x92ve read that the Biden administration is considering allowing a sort of nonviolent \x93hostile freeze\x94 to take effect in Ukraine, along the lines of the standoff that the two Koreas have endured for many decades. Also, as we get closer to the U.S. presidential election, I believe that such a scenario is growing increasingly likely, particularly if Biden\x92s anti-war primary challenger, Robert F. Kennedy, Jr, continues to climb in the polls. InvestorPlace - Stock Market News, Stock Advice & Trading Tips If a de facto cease fire does take hold in Ukraine, oil prices are likely to plunge, with OXY stock following suit. OXY stock currently has a forward price-earnings ratio of 11.3, but that probably does not\xa0 bake in a big decline in oil prices in 2024. And the shares climbed last year due to increases in oil prices and Warren Buffett\x92s purchase of a great deal of the company\x92s shares, but what comes up often comes down, and even Buffett is not right 100% of the time. Story continues Overvalued Stocks: Clorox (CLX) Grayish photo of investor's hands hovering over laptop with red stock graph showing downward arrow overlayed on top of the image Source: shutterstock.com/Leonid Sorokin Worries about the recession that hasn\x92t come and isn\x92t likely to arrive this year or next year have caused the valuations of staples stocks like Clorox (NYSE: CLX ) to hit the roof. As of the afternoon of June 15,\xa0 the shares were changing hands at a forward price-earnings ratio of 28.5. That\x92s a ridiculously high valuation for a maker of staples products. Showing that the long-feared recession is unlikely to materialize, Goldman Sachs recently lowered the chances of a recession over the next 12 months to 25%, while the Fed estimates that GDP will climb 1.8% in the second quarter.\xa0As fewer and fewer economists warn about\xa0 an impending recession,\xa0 many investors will sell staple stocks, including Clorox, and move into more economically sensitive stocks. That\x92s because staples stocks like CLX are often viewed as good names to buy during recessions.\xa0 \xa0As a result,\xa0 CLX stock is likely to tumble within the next several months. Overvalued Stocks: Virgin Galactic ( SPCE ) little girl holding a stock chart with athumbs down. stocks to avoid Source: Shutterstock About two years after pausing its space flights due to an issue with a supplier, Virgin Galactic (NYSE: SPCE ) is supposed to resume commercial flights in late June. And the company launched a successful test flight last month. However, I\x92ve always viewed space stocks as very risky because of the many unsuccessful flights that occur. And recently, Bank of America warned that Virgin Galactic is particularly risky because it\x92s using only\xa0 \x93one mothership.\x94 As a result, if the ship can\x92t be used for an extended period, SPCE stock is likely to plunge, the bank suggested. Moreover, SPCE plans to take its tourists, who will be asked to pay hundreds of thousands of dollars each ,\x94to the edge of space,\x94 i.e. just barely above the atmosphere. Given that point and the high risks involved, I have my doubts about how many tickets the company will be able to sell. SPCE stock currently has a market capitalization of $1.7 billion. If the company has trouble attracting space tourists and/or it has difficulties with its mothership, it will probably have trouble generating much over $100 million of revenue annually, meaning that it could be valued at a gargantuan 17 times its sales. Disney (DIS) a frustrated man with a white board behind him that features a black downward arrow Source: Shutterstock Disney\x92s (NYSE: DIS ) huge problems have been evident for many years, but the Street seemingly can\x92t or won\x92t internalize them, as its forward price-earnings ratio is a fairly strong 16. Specifically, the lion\x92s share of Disney\x92s top and bottom lines are derived from two faltering sectors: cable TV and movie theaters. And meanwhile, its growth sector \x96streaming \x97 remains unprofitable and faces tons of competition. In more recent years, another issue \x96the company\x92s antagonism of about half of America with its political/social stances \x97 has become problematic. Anyone who thinks such a situation can\x92t greatly undermine a large company should take a look at what has happened to Anheuser-Busch (NYSE: BUD ). I believe that Disney\x92s blunders in this area have indeed hurt its financial results and will continue to do so for some time. Showing the weakness of Disney\x92s growth, analysts, on average, only expect its top line to increase 4.7% in 2024 versus 2023, despite the economy\x92s strength.\xa0I believe that DIS stock deserves a price-earnings ratio more in the 8x-10x range, and I think the shares will get there sooner than later. As a result, DIS is definitely one of the overpriced stocks to sell at this point. Cava (CAVA) earnings Source: Shutterstock The shares of fast casual Mediterranean restaurant owner Cava (NYSE: CAVA ) doubled on their first day of trading on June 15 in the wake of the company\x92s IPO. The shares now have a valuation of roughly 7.4 times the company\x92s trailing revenue. Cava\x92s revenue will jump in the coming years because it \x93has 263 restaurants and wants to expand to over 1,000 by 2033.\x94 Still, its valuation is far too high, since it\x92s far from being profitable and faces a tremendous amount of competition. On the profitability front, Cava reported a net loss of $59 million for 2022, and it has warned that its costs will increase in the coming years as it launches new restaurants.\xa0As far as competition is concerned, I\x92ve seen fast-casual Mediterranean restaurants, owned by various companies, in nearly every American city in which I\x92ve lived or visited over the last decade. And one can argue that Cava also competes with all of the fast-casual restaurants whose food is viewed as healthy. Chipotle (NYSE: CMG ) and Subway , for example, could both be looked at as being in the category. MicroStrategy (MSTR) a keyboard with a greet enter key marked sell, representing overvalued stocks to sell Source: Shutterstock MicroStrategy (NASDAQ: MSTR ) has tied its fate to that of Bitcoin ( BTC-USD ), as the company \x93holds approximately 140,000 bitcoin worth about $4 billion.\x94 If Bitcoin tumbles 75%, which I believe is quite likely, the value of MSTR\x92s Bitcoin holdings would drop by 75% of $4 billion ,or $3 billion. If MSTR\x92s market capitalization, which is currently $4 billion, falls by $3 billion, its shares will have lost 75% of their value, all else being equal. The company\x92s founder and executive chairman, Michael Saylor, contends that crypto will become a \x93bitcoin focused industry.\x94 But, as I pointed out in a previous column , Washington looks poised to decimate America\x92s largest crypto exchange, Coinbase (NASDAQ: COIN ), while another leading crypto exchange, Binance , also looks destined for failure, given the SEC\x92s even more onerous lawsuit against it. Additionally, Washington is strongly discouraging the nation\x92s banks from getting involved with crypto exchanges and the entire crypto sector. Given these points, I believe that, within six months to a year, Americans will find it very difficult to buy and sell Bitcoin. Consequently, I expect the crypto\x92s value to plunge, taking MSTR stock with it. Coca-Cola (KO) sell written on a chalkboard representing overvalued stocks to sell Source: Shutterstock Like Clorox, Coca-Cola\x92s (NYSE: KO ) valuation has become quite excessive because of investors who are afraid of a recession piling into it.\xa0 Specifically, the stock\x92s forward price-earnings ratio is 23.4x.\xa0That\x92s a rather high valuation for a company whose bottom line is only expected by analysts, on average, to increase 5% this year. Moreover, unlike, say, most tech companies, many consumer discretionary stocks , and even some financial services firms, Coca-Cola\x92s profits have virtually no chance of every jumping 10%-15% in a given year. Moreover, I think there\x92s a risk that, at some point, the company\x92s financial results could be significantly, negatively impacted by increased concerns about the unhealthy quality of its flagship beverage.\xa0And showing that investors may be already tiring of the name, KO stock has greatly underperformed this year, falling 4% through June 15. OXY Occidental Petroleum $58.15 CLX Clorox $156.54 SPCE Virgin Galactic $4.73 DIS Disney $91.32 CAVA Cava Group $38.15 MSTR MicroStrategy $293.39 KO Coca-Cola $61.67 On the date of publication, Larry Ramer was short COIN. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel\x92s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Get Out Now! 7 Extremely Overvalued Stocks Set to Spiral Downward appeared first on InvestorPlace .", 'Bitcoin traded above US$30,000 in Thursday morning trading in Asia, leading gains across all top 10 non-stablecoin cryptocurrencies by market capitalization. The rally follows news of more major financial institutions venturing into crypto after BlackRock announced a Bitcoin ETF application last week. In addition, the U.S. Federal Reserve Chair Jerome Powell said in congressional testimony on Wednesday that Bitcoin has \x93staying power.\x94 Crypto Bitcoin surged 6.72% over the last 24 hours to US$30,118.51 at 7:00 a.m. in Hong Kong, up 20.33% for the past week, according to CoinMarketCap data. The world\x92s largest cryptocurrency broke through the US$30,000 resistance line early morning on Thursday for the first time since April. Ether also rose 6.04% to US$1,893, gaining 14.79% for the week. \x93Market confidence has recently been buoyed by BlackRock\x92s BTC ETF application as they\x92ve successfully attained 575 ETF applications with only one denial, while Fidelity is rumored to be following right behind with a BTC ETF application too,\x94 said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Labs, in an emailed statement. BlackRock, the world\x92s largest asset manager with US$8.59 trillion under management as of the end of 2022, filed an application on June 15 for the Bitcoin exchange-traded fund (ETF). Other leading financial institutions followed , despite U.S. regulators this month filing lawsuits against crypto exchanges, alleging they illegally trade many tokens that should have been registered as financial securities. In a related bullish development, EDX Markets, the New Jersey-based digital asset exchange backed by Wall Street firms, such as Citadel Securities, Fidelity Investments and Charles Schwab Corp., opened for business in the U.S. on Tuesday. The exchange offers Bitcoin, Bitcoin Cash, Ethereum and Litecoin tokens for trading. Deutch Bank AG, Germany\x92s largest bank, has also applied to a local regulator for a license to operate as a crypto custodian, Bloomberg reported on Tuesday. Story continues \x93Jerome Powell also made some remarks about Bitcoin that could be interpreted as bullish,\x94 Benjamin Stani, the director of business development and sales at crypto trading platform Matrixport, told Forkast via Telegram message. Powell reportedly said during a monetary policy hearing at Capitol Hill on Wednesday that cryptocurrencies like Bitcoin have \x93staying power\x94 as an asset class, and that the central bank regards stablecoins used for payments as a form of money. He also said that the central bank should have a stronger role in regulating stablecoins. All other top 10 non-stablecoin cryptocurrencies gained in the past 24 hours. Cardano\x92s ADA jumped 7.02% to US$0.287 for a weekly increase of 9.61%, helped by news of network improvements . Litecoin rose 6.56% to US$85.28, up 16.87% in the past seven days. Ripple\x92s XRP token jumped 5.10% to US$0.5217 Thursday morning after San Francisco-based Ripple Labs said it received in-principle approval from the Monetary Authority of Singapore to offer digital payment services in the city-state. The total cryptocurrency market capitalization rose 4.96% to US$1.17 trillion in the last 24 hours, while trading volume surged 59.05% to US$60.3 billion, according to CoinMarketCap data. NFT little changed The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.43% to 2,910.36 in the 24 hours to 8:45 a.m. in Hong Kong. The index is down 0.50% for the week. Total NFT transactions rose 1.15% to US$53.4 million, while transactions on Ethereum rose 81% to US$15.3 million. \x93Overall kind of a boring day in NFTs,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93There is some excitement about all of the news in crypto, but that\x92s not impacting NFTs yet, other than helping us stay even instead of maintaining that decline we were in.\x94 Ethereum-based Bored Ape Yacht Club NFT transactions surged 95.51% to US$1.9 million. Transactions in Mutant Ape Yacht Club, another collection from Yuga Labs, grew 44.93% to exceed US$1 million. Yuga Labs said Wednesday it is launching a new game on June 29 based on its Bored Ape-related HV-MTL NFT collection. U.S. futures dip following Powell speech Federal Reserve Chairman Jerome Powell \| Image: Getty Images U.S. stock futures traded lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched down 0.11%, while Nasdaq futures dipped 0.19%. The three major U.S. stock indexes closed lower on Wednesday after Fed chair Powell told a U.S. Congress committee that interest rate will need to go higher to tame inflation, which is now at around 4.05% or on a declining trend, but still more than double the Fed\x92s target of 2%. While the Fed left rates unchanged at its meeting on June 14, it does project rates to reach 5.6% in 2023, indicating two more rate hikes within the year. \x93Inflation remains well above our longer-run goal of 2 percent,\x94 Powell said . \x93Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.\x94 Powell is scheduled to speak again on Thursday before the Senate Banking Committee. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike, down from 76.9% on Wednesday. (Updates with equities section.)', 'Bitcoin traded above US$30,000 in Thursday morning trading in Asia, leading gains across all top 10 non-stablecoin cryptocurrencies by market capitalization. The rally follows news of more major financial institutions venturing into crypto after BlackRock announced a Bitcoin ETF application last week. In addition, the U.S. Federal Reserve Chair Jerome Powell said in congressional testimony on Wednesday that Bitcoin has “staying power.”\nBitcoin surged 6.72% over the last 24 hours to US$30,118.51 at 7:00 a.m. in Hong Kong, up 20.33% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through the US$30,000 resistance line early morning on Thursday for the first time since April.\nEther also rose 6.04% to US$1,893, gaining 14.79% for the week.\n“Market confidence has recently been buoyed by BlackRock’s BTC ETF application as they’ve successfully attained 575 ETF applications with only one denial, while Fidelity is rumored to be following right behind with a BTC ETF application too,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Labs, in an emailed statement.\nBlackRock, the world’s largest asset manager with US$8.59 trillion under management as of the end of 2022, filed an application on June 15 for the Bitcoin exchange-traded fund (ETF). Other leadingfinancial institutions followed, despite U.S. regulators this month filinglawsuitsagainst crypto exchanges, alleging they illegally trade many tokens that should have been registered as financial securities.\nIn a related bullish development, EDX Markets, the New Jersey-based digital asset exchange backed by Wall Street firms, such as Citadel Securities, Fidelity Investments and Charles Schwab Corp.,opened for businessin the U.S. on Tuesday. The exchange offers Bitcoin, Bitcoin Cash, Ethereum and Litecoin tokens for trading.\nDeutch Bank AG, Germany’s largest bank, has also applied to a local regulator for a license to operate as a crypto custodian,Bloombergreported on Tuesday.\n“Jerome Powell also made some remarks about Bitcoin that could be interpreted as bullish,” Benjamin Stani, the director of business development and sales at crypto trading platform Matrixport, toldForkastvia Telegram message.\nPowellreportedlysaid during a monetary policy hearing at Capitol Hill on Wednesday that cryptocurrencies like Bitcoin have “staying power” as an asset class, and that the central bank regards stablecoins used for payments as a form of money. He also said that the central bank should have a stronger role in regulating stablecoins.\nAll other top 10 non-stablecoin cryptocurrencies gained in the past 24 hours. Cardano’s ADA jumped 7.02% to US$0.287 for a weekly increase of 9.61%, helped by news ofnetwork improvements. Litecoin rose 6.56% to US$85.28, up 16.87% in the past seven days.\nRipple’s XRP token jumped 5.10% to US$0.5217 Thursday morning after San Francisco-based Ripple Labs said it received in-principleapprovalfrom the Monetary Authority of Singapore to offer digital payment services in the city-state.\nThe total cryptocurrency market capitalization rose 4.96% to US$1.17 trillion in the last 24 hours, while trading volume surged 59.05% to US$60.3 billion, according toCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.43% to 2,910.36 in the 24 hours to 8:45 a.m. in Hong Kong. The index is down 0.50% for the week.\nTotal NFT transactions rose 1.15% to US$53.4 million, while transactions on Ethereum rose 81% to US$15.3 million.\n“Overall kind of a boring day in NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “There is some excitement about all of the news in crypto, but that’s not impacting NFTs yet, other than helping us stay even instead of maintaining that decline we were in.”\nEthereum-based Bored Ape Yacht Club NFT transactions surged 95.51% to US$1.9 million. Transactions in Mutant Ape Yacht Club, another collection from Yuga Labs, grew 44.93% to exceed US$1 million. Yuga Labs said Wednesday it is launching a new game on June 29 based on its Bored Ape-related HV-MTL NFT collection.\nU.S. stock futures traded lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched down 0.11%, while Nasdaq futures dipped 0.19%.\nThe three major U.S. stock indexes closed lower on Wednesday after Fed chair Powell told a U.S. Congress committee that interest rate will need to go higher to tame inflation, which is now at around 4.05% or on a declining trend, but still more than double the Fed’s target of 2%.\nWhile the Fed left rates unchanged at its meeting on June 14, it does project rates to reach 5.6% in 2023, indicating two more rate hikes within the year.\n“Inflation remains well above our longer-run goal of 2 percent,” Powellsaid. “Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nPowell is scheduled to speak again on Thursday before the Senate Banking Committee.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike, down from 76.9% on Wednesday.\n(Updates with equities section.)', 'Bitcoin traded above US$30,000 in Thursday morning trading in Asia, leading gains across all top 10 non-stablecoin cryptocurrencies by market capitalization. The rally follows news of more major financial institutions venturing into crypto after BlackRock announced a Bitcoin ETF application last week. In addition, the U.S. Federal Reserve Chair Jerome Powell said in congressional testimony on Wednesday that Bitcoin has “staying power.”\nBitcoin surged 6.72% over the last 24 hours to US$30,118.51 at 7:00 a.m. in Hong Kong, up 20.33% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through the US$30,000 resistance line early morning on Thursday for the first time since April.\nEther also rose 6.04% to US$1,893, gaining 14.79% for the week.\n“Market confidence has recently been buoyed by BlackRock’s BTC ETF application as they’ve successfully attained 575 ETF applications with only one denial, while Fidelity is rumored to be following right behind with a BTC ETF application too,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Labs, in an emailed statement.\nBlackRock, the world’s largest asset manager with US$8.59 trillion under management as of the end of 2022, filed an application on June 15 for the Bitcoin exchange-traded fund (ETF). Other leadingfinancial institutions followed, despite U.S. regulators this month filinglawsuitsagainst crypto exchanges, alleging they illegally trade many tokens that should have been registered as financial securities.\nIn a related bullish development, EDX Markets, the New Jersey-based digital asset exchange backed by Wall Street firms, such as Citadel Securities, Fidelity Investments and Charles Schwab Corp.,opened for businessin the U.S. on Tuesday. The exchange offers Bitcoin, Bitcoin Cash, Ethereum and Litecoin tokens for trading.\nDeutch Bank AG, Germany’s largest bank, has also applied to a local regulator for a license to operate as a crypto custodian,Bloombergreported on Tuesday.\n“Jerome Powell also made some remarks about Bitcoin that could be interpreted as bullish,” Benjamin Stani, the director of business development and sales at crypto trading platform Matrixport, toldForkastvia Telegram message.\nPowellreportedlysaid during a monetary policy hearing at Capitol Hill on Wednesday that cryptocurrencies like Bitcoin have “staying power” as an asset class, and that the central bank regards stablecoins used for payments as a form of money. He also said that the central bank should have a stronger role in regulating stablecoins.\nAll other top 10 non-stablecoin cryptocurrencies gained in the past 24 hours. Cardano’s ADA jumped 7.02% to US$0.287 for a weekly increase of 9.61%, helped by news ofnetwork improvements. Litecoin rose 6.56% to US$85.28, up 16.87% in the past seven days.\nRipple’s XRP token jumped 5.10% to US$0.5217 Thursday morning after San Francisco-based Ripple Labs said it received in-principleapprovalfrom the Monetary Authority of Singapore to offer digital payment services in the city-state.\nThe total cryptocurrency market capitalization rose 4.96% to US$1.17 trillion in the last 24 hours, while trading volume surged 59.05% to US$60.3 billion, according toCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.43% to 2,910.36 in the 24 hours to 8:45 a.m. in Hong Kong. The index is down 0.50% for the week.\nTotal NFT transactions rose 1.15% to US$53.4 million, while transactions on Ethereum rose 81% to US$15.3 million.\n“Overall kind of a boring day in NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “There is some excitement about all of the news in crypto, but that’s not impacting NFTs yet, other than helping us stay even instead of maintaining that decline we were in.”\nEthereum-based Bored Ape Yacht Club NFT transactions surged 95.51% to US$1.9 million. Transactions in Mutant Ape Yacht Club, another collection from Yuga Labs, grew 44.93% to exceed US$1 million. Yuga Labs said Wednesday it is launching a new game on June 29 based on its Bored Ape-related HV-MTL NFT collection.\nU.S. stock futures traded lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched down 0.11%, while Nasdaq futures dipped 0.19%.\nThe three major U.S. stock indexes closed lower on Wednesday after Fed chair Powell told a U.S. Congress committee that interest rate will need to go higher to tame inflation, which is now at around 4.05% or on a declining trend, but still more than double the Fed’s target of 2%.\nWhile the Fed left rates unchanged at its meeting on June 14, it does project rates to reach 5.6% in 2023, indicating two more rate hikes within the year.\n“Inflation remains well above our longer-run goal of 2 percent,” Powellsaid. “Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nPowell is scheduled to speak again on Thursday before the Senate Banking Committee.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike, down from 76.9% on Wednesday.\n(Updates with equities section.)', 'Invesco, WisdomTree Follows BlackRock in Filing for a Bitcoin ETF WisdomTree and Invesco Have Filed for Bitcoin Exchange-Traded Funds in the US WisdomTree and Invesco have filed applications for spot Bitcoin exchange-traded funds (ETFs) in the US, following BlackRock\'s move on June 15. New York-based asset management firm WisdomTree has applied for a third time, requesting that the SEC allows WisdomTree to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” The SEC previously rejected its application in December 2021, and again in October 2022, claiming concerns of fraud and market manipulation. Meanwhile, Invesco has " reactivated " its application for its “Invesco Galaxy Bitcoin ETF.” According to the filing, the spot Bitcoin ETF will make use of "professional custodians and other service providers." One crucial distinction in the BlackRock filing is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets. Similarly, WisdomTree signaled it is open to signing a surveillance agreement with "an operator of a US-based spot trading platform for Bitcoin." Fidelity Investments is also rumored to be considering its own spot Bitcoin ETF.', 'WisdomTree and Invesco have filed applications for spotBitcoinexchange-traded funds (ETFs) in the US, following BlackRock\'s move on June 15.\nNew York-based asset management firm WisdomTree hasappliedfor a third time, requesting that the SEC allows WisdomTree to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” The SEC previously rejected its application in December 2021, and again in October 2022, claiming concerns of fraud and market manipulation.\nMeanwhile, Invesco has "reactivated" its application for its “Invesco Galaxy Bitcoin ETF.” According to the filing, the spot Bitcoin ETF will make use of "professional custodians and other service providers."\nOne crucial distinction in the BlackRock filing is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets. Similarly, WisdomTree signaled it is open to signing a surveillance agreement with "an operator of a US-based spot trading platform for Bitcoin." Fidelity Investments is also rumored to be considering its own spot Bitcoin ETF.', 'WisdomTree and Invesco have filed applications for spotBitcoinexchange-traded funds (ETFs) in the US, following BlackRock\'s move on June 15.\nNew York-based asset management firm WisdomTree hasappliedfor a third time, requesting that the SEC allows WisdomTree to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” The SEC previously rejected its application in December 2021, and again in October 2022, claiming concerns of fraud and market manipulation.\nMeanwhile, Invesco has "reactivated" its application for its “Invesco Galaxy Bitcoin ETF.” According to the filing, the spot Bitcoin ETF will make use of "professional custodians and other service providers."\nOne crucial distinction in the BlackRock filing is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets. Similarly, WisdomTree signaled it is open to signing a surveillance agreement with "an operator of a US-based spot trading platform for Bitcoin." Fidelity Investments is also rumored to be considering its own spot Bitcoin ETF.', "Federal Reserve Chair Jerome Powell has said that payment stablecoins in the US are a form of money and that the central bank should play a robust role in their regulation.\nPowell's comments, at the House of Representatives Financial Services Committee’s semi-annual hearing, came in response to U.S. representative Maxine Waters on a proposed stablecoin bill from the Republicans, which would create 58 different licenses with federal regulatory approval over only two of them.\nPowell responded:\n“We do see payment stablecoins as a form of money, […] and we believe that it would be appropriate to have quite a robust federal role in what happens in stablecoin going forward.”\nPowell’s position differs from that of Securities and Exchange Commission (SEC) Chair Gary Gensler, who has said that stablecoins may require registration and regulation and that all cryptocurrencies except Bitcoin are securities. It also runs contrary to Commodity Futures Trading Commission (CTFC) Chair Rostin Behnam, who sees stablecoins as commodities.", "Fed Powell Sees “Stablecoins as Money” Payment Stablecoins in the US Are a Form of Money Federal Reserve Chair Jerome Powell has said that payment stablecoins in the US are a form of money and that the central bank should play a robust role in their regulation. Powell's comments, at the House of Representatives Financial Services Committee’s semi-annual hearing, came in response to U.S. representative Maxine Waters on a proposed stablecoin bill from the Republicans, which would create 58 different licenses with federal regulatory approval over only two of them. Powell responded: “We do see payment stablecoins as a form of money, […] and we believe that it would be appropriate to have quite a robust federal role in what happens in stablecoin going forward.” Powell’s position differs from that of Securities and Exchange Commission (SEC) Chair Gary Gensler, who has said that stablecoins may require registration and regulation and that all cryptocurrencies except Bitcoin are securities. It also runs contrary to Commodity Futures Trading Commission (CTFC) Chair Rostin Behnam, who sees stablecoins as commodities.", 'Good morning. Here’s what’s happening:\nPrices:Bitcoin surged over $30.7K before settling nearer to $30K as investors savored news of multiple spot bitcoin ETF filings.\nInsights:Crypto has been "going through a crisis of confidence, but recent filings for spot bitcoin ETFs have helped energize crypto markets, says eToro U.S. investment analyst Callie Cox.\nCoinDesk Market Index (CMI)\n1,235\n+53.7▲4.5%\nBitcoin (BTC)\n$30,139\n+1368.5▲4.8%\nEthereum (ETH)\n$1,916\n+108.3▲6.0%\nS&P 500\n4,365.69\n−23.0▼0.5%\nGold\n$1,944\n+8.3▲0.4%\nNikkei 225\n33,575.14\n+186.2▲0.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,235", "+53.7\\u25b24.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,139", "+1368.5\\u25b24.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,916", "+108.3\\u25b26.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,365.69", "\\u221223.0\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,944", "+8.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,575.14", "+186.2\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Returns to Its Perch Above $30K\nAfter weeks of gloom, bitcoin surged for a second consecutive day as investors drew confidence from spot BTC ETF applications by BlackRock and other large asset management firms.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,140, up nearly 5% over the past 24 hours. BTC last cracked the $30,000 threshold in April.\nBitcoin began rising Tuesday after the long, U.S. Juneteenth holiday weekend as markets more fully digested the impact of the BlackRock filing. Later in the day, spot bitcoin re-filings by Invesco and WisdomTree brightened the mood further, offering the latest evidence of institutional investors\' growing interest in the crypto space even as markets have struggled amid an uncertain regulatory environment, pesky inflation and other macroeconomic woes.\nRead More:Invesco Reapplies for Bitcoin ETF, Advocates for More Crypto Investment Products\n“There is a wave of optimism in the crypto market now that big institutional players are working to take part in the industry in a big way," Nihar Neelakanti, the CEO and co-founder of carbon-backed digital collectibles Ecosapiens, wrote in an email to CoinDesk.\nNeelakanti also also noted "rumors" that Fidelity might also apply for an ETF. On Tuesday, a Fidelity spokesperson told CoinDesk that the firm had not publicly announced any plans to file. Invesco, which has $1.4 trillion in assets under management, filed its application in conjunction with digital asset manager Galaxy Digital. The Securities and Exchange Commission (SEC) rejected WisdomTree\'s first spot bitcoin ETF application in 2022.\n"These players, among other big names, are obviously going to add a lot of liquidity to the market and make investors more confident to buy bitcoin again," Neelakanti wrote. "And big institutions partnering with crypto are going to continue to be a catalyst for bitcoin for the foreseeable future, even as the U.S. regulatory situation continues to cause some hardship for the industry."\nEther enjoyed a similarly upbeat Wednesday to continue its momentum. The second largest crypto in market value was recently changing hands above $1,900 for the first time in three weeks, up more than 6% from Tuesday, same time. Other large cryptos spent the day in deep green territory with ADA and MATIC, the native cryptos of smart contract platforms Cardano and Polygon, each up more than 7%, along with popular memecoin DOGE. TheCoinDesk Market Index, a measure of crypto markets performance, was recently up more than 5%.\nU.S. stocks veered from their weeks-long winning ways to tick down with tech stocks leading the decline. The technology heavy Nasdaq Composite and S&P 500, closed off 1.2% and 0.5%, respectively. Asia markets opened on a sour note with the Hang Seng and Shanghai indexes recently falling about 2% and 1.3%, respectively\nEcosapiens\' Neelakanti believes that TradFi will take advantage of "regulatory pressure on crypto" to unveil new digital asset initiatives, although he is uncertain of these partnerships long-term benefit. He added, however that every crypto "wave" has drawn new participants.\n"The last wave was a lot of retail speculators, and this fits a pattern of how new asset classes develop over time," he wrote. "You have early believers, then more retail people, and then the third wave of more institutions getting into the fold. We’re starting to see the beginnings of the third wave now. And this wave will include the big institutions, but also 401Ks and other major types of funds like pension funds and university endowments.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+9.6%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+7.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+7.5%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nCrypto\'s "Crisis of Confidence" and the Rush of Spot Bitcoin ETF Filings\nCryptos have been "going through a crisis of confidence," yet the past week\'s "rush of filings for spot bitcoin ETFs has returned "some excitement" into the markets, especially into "well-known," quality coins like Bitcoin and Ethereum," Callie Cox, U.S. investment analyst for social investing platform eToro, told CoinDesk TV\'s "First Mover" program on Wednesday.\n"Institutional lenders, where this industry grows, whether you like it or not, that\'s the history for many emerging markets," Cox said. "And the fact that some of the largest issuers in the world are stepping in and saying, \'we want to offer this product,\' tells you something about pent-up demand, or demand from investors who might not be comfortable trading spot crypto."\nLast Thursday, the iShares unit of fund management giant BlackRock (BLK)filed paperworkwith the U.S. Securities and Exchange Commission (SEC)for the formationof a spot bitcoin (BTC) ETF. Earlier this week, investment management companiesInvesco (IVZ)and WisdomTree refiled for spot ETFs.\nIVZ, which has $1.4 trillion assets under management, is working in conjunction with digital asset manager Galaxy Digital. It first filed for a spot bitcoin ETF in 2021. The Securities and Exchange Commission (SEC)deniedWisdomTree\'s first application 2022, amid a flurry of rejections.\nThe surge in institutional interest followed closely after ongoing U.S. regulatory scrutiny seemed to reach new heights earlier this month with SEC lawsuits against exchanges Binance and Coinbase, leaving markets Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,258,667,162 - Hash Rate: 356522561.09697485 - Transaction Count: 392041.0 - Unique Addresses: 722789.0 Social & AI Sentiment: - Fear & Greed Index: 0.65 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Binance, the world’s largest cryptocurrency exchange, and its chief executive are being sued by the US’s top financial watchdog, which has accused them of making billions of dollars while “placing investors’ assets at significant risk”. In a court filing, the Securities and Exchange Commission (SEC) accused Binance of mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by its founder and chief executive, Changpeng Zhao. Related:Elon Musk accused of insider trading in Dogecoin lawsuit “We allege that Zhao and the Binance entities not only knew the rules of the road, but they also consciously chose to evade them and put their customers and investors at risk,” said Gurbir Grewal, director of the SEC’s enforcement division. In itscomplaint filed on Monday at a federal district court in Washington, the SEC added: “Defendants have enriched themselves by billions of US dollars while placing investors’ assets at significant risk.” The complaint alleges that between June 2018 and July 2021, Binance earned at least $11.6bn (£9.3bn) in revenue, mostly from transaction fees. Among other charges, the SEC alleges that, while Zhao and Binance publicly claimed that US customers were restricted from transacting on Binance.com, “Zhao and Binance in reality subverted their own controls to secretly allow high-value US customers to continue trading on the Binance.com platform”. The 13 civil charges have been placed against Zhao, Binance Holdings and two further Binance-linked entities, BAM Trading Services and BAM Management US Holdings. The SEC said Binance and BAM operated the Binance.US platform, which had been created for US customers after the main Binance platform said in 2019 it was quitting the US market. The SEC alleges that, while Zhao and Binance publicly claimed that Binance.US was created as a separate, independent trading platform for US investors, “Zhao and Binance secretly controlled the Binance.US platform’s operations behind the scenes”. The SEC alleges that Zhao and Binance were able to commingle or divert customers assets “as they please” including to a Zhao-controlled entity called Sigma Chain. The regulator claims that Sigma also engaged in “manipulative trading” that artificially inflated trading volume on Binance.US. The SEC also charged Binance and BAM Trading with operating unregistered securities exchanges, broker-dealers and clearing agencies, as well as the unregistered offering and sale of crypto assets including the Binance USD stablecoin, a digital token whose value is pegged to the American dollar. It alleged that Zhao was a “control person” for the unregistered exchange operation. The SEC complaint alleges that Zhao directed Binance to conceal the access of high-spending US customers to Binance.com. In one piece of evidence included in the lawsuit, the Binance chief compliance officer messaged a colleague saying: “We are operating as a fking unlicensed securities exchange in the USA bro.” Elsewhere in the lawsuit Binance’s CCO is quoted as saying: “We do not want [Binance].com to be regulated ever.” A Binance spokesperson said: “We want to be clear that while we take the allegations in the SEC’s complaint seriously, they should not be the subject of an SEC enforcement action, let alone on an expedited basis. They are unjustified.” John Stark, a former senior SEC official and senior lecturing fellow at Duke University’s school of law, said the SEC has been “incredibly aggressive” towards the crypto industry recently, having announcedmore than 30 cryptocurrency-related enforcement actionssince 2022. Stark added that the complaint contained “scathing allegations” including evidence that Binance’s actions were “designed to avoid regulatory scrutiny”. In March the US Commodity Futures Trading Commission sued Binance and Zhao in a complaint that claimed the defendants committed “wilful evasion of US law”.Allegations in the complaintincluded claims that Binance helped US customers trade on the platform despite not having regulatory clearance to do so. Bitcoin, the world’s biggest cryptocurrency, fell as much as 6% on the news to its lowest in almost three months. Binance’s own cryptocurrency BNB, the world’s fourth-largest by market size, dropped more than 5%. Market players said the SEC’s allegations could hobble Binance, with the lawsuit likely to reverberate through the crypto industry. Binance dominates crypto trading, processing trades worth about $65bn a day last year. Reuters contributed to this report... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world’s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA token gaining and Binance’s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin’s rally.\nBitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33.\nEther was little changed, rising 0.02% to US$1,879.66 to gain 12.87% for the week.\nBlackRock Inc.,the world’s largest asset manager with US$8.59 trillion under management at the end of 2022, filed an application on June 15 for a Bitcoin exchange-traded fund (ETF). Two more U.S.-based asset managers — WisdomTree and Invesco — also filed Bitcoin ETF applications this week.\n“Major cryptocurrencies were seeing strong performances this week — Traders reacted positively to the possibility of seeing a Bitcoin ETF come to market,” Denys Peleshok, head of Asia at Belize-based financial brokerage CPT Markets, in email comments.\n“A successful launch of a bitcoin ETF could open the way for more inflows from individuals and professional investors alike,” Peleshok added. “The investment vehicle could lower the barrier of entry into the market and attract significant volumes of investment into bitcoin in particular.”\nBoston-based Fidelity Investments, another major financial services company that managed US$4.2 trillion as of the first quarter of 2023, is alsosaidto be preparing to file a Bitcoin ETF application.\nIn another encouraging move for institutional adoption of crypto, EDX Marketsopened for businesson Tuesday as a New Jersey-based digital asset exchange backed by Wall Street firms such as Citadel Securities, Fidelity Investments and Charles Schwab Corp. EDX said U.S. regulatory compliance is a core feature of its operations.\nThese moves by traditional finance follow the crackdown on the U.S. crypto sector this month by the Securities and Exchange Commission (SEC), which filed lawsuits against the Binance.US and Coinbase exchanges. The SEC alleges they illegally traded cryptocurrencies that should have been registered as financial securities, among other charges.\n“[Bitcoin could] continue benefiting from its status as a quasi-commodity when most other digital assets are considered securities by regulators. As a result, Bitcoin could emerge as a winner from the SEC’s legal efforts,” said Peleshok of CPT Markets.\nU.S. Federal Reserve Chairman Jerome Powellcommentedon Bitcoin during a monetary policy hearing on Capitol Hill this week, describing the token as having “staying power” as an asset class.\nMeanwhile, Mastercard Inc., the world’s second largest payment processor,announcedThursday that it will expand its Engage network to embrace more blockchain and digital asset partners. Mastercard Engage connects businesses with qualified technology partners.\nOther top 10 non-stablecoin cryptocurrencies were mixed, although making weekly gains spearheaded by Bitcoin. Binance’s BNB token lost 2.53% to US$242.49 while gaining 2.36% in the past seven days.\nCardano’s ADA rose 2.21% to US$0.2922, adding 10.90% in the last week.\nThe total cryptocurrency market capitalization rose 0.14% to US$1.17 trillion in the last 24 hours, while trading volume fell 25.24% to US$45.06 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.78% to 2,930.17 in the 24 hours to 8:30 a.m. in Hong Kong. The index gained 1.3% for the week.\nTotal NFT transactions rose 0.64% to US$23.9 million, while transactions on Ethereum dipped 3.70% to US$15.56 million. Bitcoin was the second largest blockchain by NFT transactions, rising 8.56% to US$2.74 million.\nYuga Labs’ Bored and Mutant Ape Yacht Club NFTs were the top selling collections in the last 24 hours. Bored Ape trades rose 1.12% to US$3.07 million, while Mutant Ape surged 23.92% to US$1.05 million.\n“NFT traders are optimistic about the future, and clearly willing to spend as we see from multiple $145k Bored Ape Yacht Club sales, along with a $286k sale, but still the index is just above its all-time low point,” said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News.\nThat indicates investors remain hesitant as a whole, apart from some whales, said Petscher, adding that may be because of a lack of a track record for some projects holding value over time.\nThe Gods Unchained Cards NFT collection from ImmutableX was the third most traded collection, even as transactions fell 8.75% to US$754,805. ImmutableannouncedWednesday that its NFT trading card game Gods Unchained is now listed on game distribution platform Epic Games Store, which has over 230 million customers.\n“Lots of eyes on Azuki tomorrow as they have a big event in Las Vegas,” Petscher said.Azuki, the Japanese anime-inspired NFT collection of 10,000 generative avatars, became one of the most popular collections since its debut in January 2022 and still holds an active community.\nAzuki is the eighth most traded collection according to Cryptoslam data, with US$537,366 worth of transactions over the past day. “We’re watching to see what big announcements they may have – a new token, or possibly a game? Azuki has a track record of delivering on hype,” Petscher said.\nElsewhere, Swiss-based multinational food manufacturerNestlé S.A.and U.S.-based snack brandSlim Jimboth announced the launch of NFT collections, signaling continued mainstream interest in the blockchain-powered technology.\nU.S. stock futures traded lower as of 9:30 a.m. in Hong Kong, following a mixed regular trading session on Thursday.\nDow Jones Industrial Average futures slipped 0.06%, S&P 500 futures lost 0.11%, while Nasdaq futures inched down 0.084%.\nTech stocks gained in the Thursday session performed well with Apple Inc. setting a new record high of US$187, while Amazon.com Inc. and Tesla Inc. also rising.\nOn the U.S. battlefront against inflation, Federal Reserve Chairman Jerome Powell told the U.S. Congress on Tuesday and Thursday this week that the central bank is in consensus that more interest rate increases are likely this year to control high price pressure. The U.S. inflation rate is currently at around 4.05%, down from last month’s 4.93% but still far from Fed’s target of 2%.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed paused rate hikes at the last meeting on June 14, but indicated two more hikes this year to bring rates to around 5.6%.\nThe Federal Reserve’s next meeting on interest rates is July 26 and the majority view is they will raise. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, up from 71.9% on Thursday, and a 23.1% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world\x92s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano\x92s ADA token gaining and Binance\x92s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin\x92s rally. Crypto Bitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world\x92s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33. Ether was little changed, rising 0.02% to US$1,879.66 to gain 12.87% for the week. BlackRock Inc.,the world\x92s largest asset manager with US$8.59 trillion under management at the end of 2022, filed an application on June 15 for a Bitcoin exchange-traded fund (ETF). Two more U.S.-based asset managers \x97 WisdomTree and Invesco \x97 also filed Bitcoin ETF applications this week. \x93Major cryptocurrencies were seeing strong performances this week \x97 Traders reacted positively to the possibility of seeing a Bitcoin ETF come to market,\x94 Denys Peleshok, head of Asia at Belize-based financial brokerage CPT Markets, in email comments. \x93A successful launch of a bitcoin ETF could open the way for more inflows from individuals and professional investors alike,\x94 Peleshok added. \x93The investment vehicle could lower the barrier of entry into the market and attract significant volumes of investment into bitcoin in particular.\x94 Boston-based Fidelity Investments, another major financial services company that managed US$4.2 trillion as of the first quarter of 2023, is also said to be preparing to file a Bitcoin ETF application. In another encouraging move for institutional adoption of crypto, EDX Markets opened for business on Tuesday as a New Jersey-based digital asset exchange backed by Wall Street firms such as Citadel Securities, Fidelity Investments and Charles Schwab Corp. EDX said U.S. regulatory compliance is a core feature of its operations. Story continues These moves by traditional finance follow the crackdown on the U.S. crypto sector this month by the Securities and Exchange Commission (SEC), which filed lawsuits against the Binance.US and Coinbase exchanges. The SEC alleges they illegally traded cryptocurrencies that should have been registered as financial securities, among other charges. \x93[Bitcoin could] continue benefiting from its status as a quasi-commodity when most other digital assets are considered securities by regulators. As a result, Bitcoin could emerge as a winner from the SEC\x92s legal efforts,\x94 said Peleshok of CPT Markets. U.S. Federal Reserve Chairman Jerome Powell commented on Bitcoin during a monetary policy hearing on Capitol Hill this week, describing the token as having \x93staying power\x94 as an asset class. Meanwhile, Mastercard Inc., the world\x92s second largest payment processor, announced Thursday that it will expand its Engage network to embrace more blockchain and digital asset partners. Mastercard Engage connects businesses with qualified technology partners. Other top 10 non-stablecoin cryptocurrencies were mixed, although making weekly gains spearheaded by Bitcoin. Binance\x92s BNB token lost 2.53% to US$242.49 while gaining 2.36% in the past seven days. Cardano\x92s ADA rose 2.21% to US$0.2922, adding 10.90% in the last week. The total cryptocurrency market capitalization rose 0.14% to US$1.17 trillion in the last 24 hours, while trading volume fell 25.24% to US$45.06 billion, according to CoinMarketCap data. NFT looking up The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.78% to 2,930.17 in the 24 hours to 8:30 a.m. in Hong Kong. The index gained 1.3% for the week. Total NFT transactions rose 0.64% to US$23.9 million, while transactions on Ethereum dipped 3.70% to US$15.56 million. Bitcoin was the second largest blockchain by NFT transactions, rising 8.56% to US$2.74 million. Yuga Labs\x92 Bored and Mutant Ape Yacht Club NFTs were the top selling collections in the last 24 hours. Bored Ape trades rose 1.12% to US$3.07 million, while Mutant Ape surged 23.92% to US$1.05 million. \x93NFT traders are optimistic about the future, and clearly willing to spend as we see from multiple $145k Bored Ape Yacht Club sales, along with a $286k sale, but still the index is just above its all-time low point,\x94 said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That indicates investors remain hesitant as a whole, apart from some whales, said Petscher, adding that may be because of a lack of a track record for some projects holding value over time. The Gods Unchained Cards NFT collection from ImmutableX was the third most traded collection, even as transactions fell 8.75% to US$754,805. Immutable announced Wednesday that its NFT trading card game Gods Unchained is now listed on game distribution platform Epic Games Store, which has over 230 million customers. \x93Lots of eyes on Azuki tomorrow as they have a big event in Las Vegas,\x94 Petscher said. Azuki , the Japanese anime-inspired NFT collection of 10,000 generative avatars, became one of the most popular collections since its debut in January 2022 and still holds an active community. Azuki is the eighth most traded collection according to Cryptoslam data, with US$537,366 worth of transactions over the past day. \x93We\x92re watching to see what big announcements they may have \x96 a new token, or possibly a game? Azuki has a track record of delivering on hype,\x94 Petscher said. Elsewhere, Swiss-based multinational food manufacturer Nestlé S.A. and U.S.-based snack brand Slim Jim both announced the launch of NFT collections, signaling continued mainstream interest in the blockchain-powered technology. Equity futures edge down Federal Reserve Chairman Jerome Powell \| Getty Images U.S. stock futures traded lower as of 9:30 a.m. in Hong Kong, following a mixed regular trading session on Thursday. Dow Jones Industrial Average futures slipped 0.06%, S&P 500 futures lost 0.11%, while Nasdaq futures inched down 0.084%. Tech stocks gained in the Thursday session performed well with Apple Inc. setting a new record high of US$187, while Amazon.com Inc. and Tesla Inc. also rising. On the U.S. battlefront against inflation, Federal Reserve Chairman Jerome Powell told the U.S. Congress on Tuesday and Thursday this week that the central bank is in consensus that more interest rate increases are likely this year to control high price pressure. The U.S. inflation rate is currently at around 4.05%, down from last month\x92s 4.93% but still far from Fed\x92s target of 2%. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed paused rate hikes at the last meeting on June 14, but indicated two more hikes this year to bring rates to around 5.6%. The Federal Reserve\x92s next meeting on interest rates is July 26 and the majority view is they will raise. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, up from 71.9% on Thursday, and a 23.1% chance the Fed will leave rates unchanged. (Updates to add equities section)', 'Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world’s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA token gaining and Binance’s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin’s rally.\nBitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33.\nEther was little changed, rising 0.02% to US$1,879.66 to gain 12.87% for the week.\nBlackRock Inc.,the world’s largest asset manager with US$8.59 trillion under management at the end of 2022, filed an application on June 15 for a Bitcoin exchange-traded fund (ETF). Two more U.S.-based asset managers — WisdomTree and Invesco — also filed Bitcoin ETF applications this week.\n“Major cryptocurrencies were seeing strong performances this week — Traders reacted positively to the possibility of seeing a Bitcoin ETF come to market,” Denys Peleshok, head of Asia at Belize-based financial brokerage CPT Markets, in email comments.\n“A successful launch of a bitcoin ETF could open the way for more inflows from individuals and professional investors alike,” Peleshok added. “The investment vehicle could lower the barrier of entry into the market and attract significant volumes of investment into bitcoin in particular.”\nBoston-based Fidelity Investments, another major financial services company that managed US$4.2 trillion as of the first quarter of 2023, is alsosaidto be preparing to file a Bitcoin ETF application.\nIn another encouraging move for institutional adoption of crypto, EDX Marketsopened for businesson Tuesday as a New Jersey-based digital asset exchange backed by Wall Street firms such as Citadel Securities, Fidelity Investments and Charles Schwab Corp. EDX said U.S. regulatory compliance is a core feature of its operations.\nThese moves by traditional finance follow the crackdown on the U.S. crypto sector this month by the Securities and Exchange Commission (SEC), which filed lawsuits against the Binance.US and Coinbase exchanges. The SEC alleges they illegally traded cryptocurrencies that should have been registered as financial securities, among other charges.\n“[Bitcoin could] continue benefiting from its status as a quasi-commodity when most other digital assets are considered securities by regulators. As a result, Bitcoin could emerge as a winner from the SEC’s legal efforts,” said Peleshok of CPT Markets.\nU.S. Federal Reserve Chairman Jerome Powellcommentedon Bitcoin during a monetary policy hearing on Capitol Hill this week, describing the token as having “staying power” as an asset class.\nMeanwhile, Mastercard Inc., the world’s second largest payment processor,announcedThursday that it will expand its Engage network to embrace more blockchain and digital asset partners. Mastercard Engage connects businesses with qualified technology partners.\nOther top 10 non-stablecoin cryptocurrencies were mixed, although making weekly gains spearheaded by Bitcoin. Binance’s BNB token lost 2.53% to US$242.49 while gaining 2.36% in the past seven days.\nCardano’s ADA rose 2.21% to US$0.2922, adding 10.90% in the last week.\nThe total cryptocurrency market capitalization rose 0.14% to US$1.17 trillion in the last 24 hours, while trading volume fell 25.24% to US$45.06 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.78% to 2,930.17 in the 24 hours to 8:30 a.m. in Hong Kong. The index gained 1.3% for the week.\nTotal NFT transactions rose 0.64% to US$23.9 million, while transactions on Ethereum dipped 3.70% to US$15.56 million. Bitcoin was the second largest blockchain by NFT transactions, rising 8.56% to US$2.74 million.\nYuga Labs’ Bored and Mutant Ape Yacht Club NFTs were the top selling collections in the last 24 hours. Bored Ape trades rose 1.12% to US$3.07 million, while Mutant Ape surged 23.92% to US$1.05 million.\n“NFT traders are optimistic about the future, and clearly willing to spend as we see from multiple $145k Bored Ape Yacht Club sales, along with a $286k sale, but still the index is just above its all-time low point,” said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News.\nThat indicates investors remain hesitant as a whole, apart from some whales, said Petscher, adding that may be because of a lack of a track record for some projects holding value over time.\nThe Gods Unchained Cards NFT collection from ImmutableX was the third most traded collection, even as transactions fell 8.75% to US$754,805. ImmutableannouncedWednesday that its NFT trading card game Gods Unchained is now listed on game distribution platform Epic Games Store, which has over 230 million customers.\n“Lots of eyes on Azuki tomorrow as they have a big event in Las Vegas,” Petscher said.Azuki, the Japanese anime-inspired NFT collection of 10,000 generative avatars, became one of the most popular collections since its debut in January 2022 and still holds an active community.\nAzuki is the eighth most traded collection according to Cryptoslam data, with US$537,366 worth of transactions over the past day. “We’re watching to see what big announcements they may have – a new token, or possibly a game? Azuki has a track record of delivering on hype,” Petscher said.\nElsewhere, Swiss-based multinational food manufacturerNestlé S.A.and U.S.-based snack brandSlim Jimboth announced the launch of NFT collections, signaling continued mainstream interest in the blockchain-powered technology.\nU.S. stock futures traded lower as of 9:30 a.m. in Hong Kong, following a mixed regular trading session on Thursday.\nDow Jones Industrial Average futures slipped 0.06%, S&P 500 futures lost 0.11%, while Nasdaq futures inched down 0.084%.\nTech stocks gained in the Thursday session performed well with Apple Inc. setting a new record high of US$187, while Amazon.com Inc. and Tesla Inc. also rising.\nOn the U.S. battlefront against inflation, Federal Reserve Chairman Jerome Powell told the U.S. Congress on Tuesday and Thursday this week that the central bank is in consensus that more interest rate increases are likely this year to control high price pressure. The U.S. inflation rate is currently at around 4.05%, down from last month’s 4.93% but still far from Fed’s target of 2%.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed paused rate hikes at the last meeting on June 14, but indicated two more hikes this year to bring rates to around 5.6%.\nThe Federal Reserve’s next meeting on interest rates is July 26 and the majority view is they will raise. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, up from 71.9% on Thursday, and a 23.1% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin momentum stalls, but the asset holds firm over $30K.\nInsights:Why do BlackRock and other financial service giants want to offer spot bitcoin ETFs? They want to make money.\nCoinDesk Market Index (CMI)\n1,223\n−9.6▼0.8%\nBitcoin (BTC)\n$30,006\n−124.1▼0.4%\nEthereum (ETH)\n$1,880\n−33.7▼1.8%\nS&P 500\n4,381.89\n+16.2▲0.4%\nGold\n$1,925\n−8.7▼0.5%\nNikkei 225\n33,264.88\n−310.3▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,223", "\\u22129.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,006", "\\u2212124.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,880", "\\u221233.7\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,381.89", "+16.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "\\u22128.7\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,264.88", "\\u2212310.3\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Over $30K\nAs Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000.\nThe largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock, the world\'s largest asset manager, have buoyed investors who had had been reeling earlier this month when the SEC filed lawsuits against exchange powerhouses Binance and Coinbase.\nThose suits continue to cloud crypto\'s future in the U.S., and the agency has yet to approve any of the more than half-dozen ETF applications presented in recent years, or indicate that it is ready to change its mind.\n"This is truly welcome news for the market, but perhaps not quite the beginning of the end of the bear market," Tim Frost, CEO of digital wealth platform Yield App, noted cautiously in an email to CoinDesk. "This pump is likely down to a lot of institutional buying on BlackRock and other institutions’ applications for a Bitcoin spot ETF, which have not been approved. And, if these get rejected by the US SEC like all the others, this may well lead to another tumble."\nEther, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time. ETH had been holding steady above $1,900 after regaining this level the previous days for the first time since the start of the month.\nOther major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, theCoinDesk Market Index, a measure of crypto markets performance, sank into negative territory and was recently down 0.9%.\nThe tech-heavy Nasdaq Composite and S&P 500 closed up 0.8% and 0.2%, respectively, shrugging off a reiteration of hawkish remarks by Federal Reserve Chair Jerome Powell. The U.S. central bank said last week that it likely would resume interest rate hikes later this year after ending a more than year-long diet of increases.\nYield App\'s Frost wrote that the most recent surge would "not be particularly welcome news as this pump is entirely due to centralized institutions in traditional finance becoming more interested (in crypto)."\nBut he added: "These detractors should really think about the future. Cryptocurrency cannot stay in its own echo chamber forever and it must be accepted and bought by institutions if it is to truly grow and expand."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.3%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22125.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nWhat Is BlackRock\'s Motivation?\nThe institutions are taking a fresh look at crypto and they’re flooding in.\nLast week, BlackRock (BLK) applied for aspot bitcoin exchange-trade fund (ETF). This week, another comically large asset manager in Invesco (IVZ)reapplied for approval to offer a spot bitcoin ETF. The less-comically large ETF-sponsor WisdomTree alsorefiled for a spot bitcoinproduct yesterday (WisdomTree’s filing was initiallyrejected by the SECin 2022).\nElsewhere in non-bitcoin crypto, acrypto exchange backed by Fidelity, Schwab and Citadel Securitieslaunched in the United States andDeutsche Bank applied for a digital assetlicense in Germany.\nSo yes, the institutions are back. But why did $10 trillion asset manager BlackRock and $1.5 trillion asset manager Invesco decide it was time for the spot bitcoin ETF again? Many have offered convoluted and tinfoil-hat theories (some which I quite like).\nTheories like BlackRock is scrambling to backstop Coinbase for some reason or the big firms are acting on behalf of three letter agencies to keep self-custodied bitcoin away from everyday people or that Wall Street can’t let the crypto crowd get too far ahead of them.\nThere are more theories out there, but here’s a much simpler one: Financial institutions like making money and offering a spot bitcoin ETF is a way to make money.\nRead the full storyhere:\nETHGlobal (Toronto)\n8:17 a.m. HKT/SGT(12:17 a.m. UTC):Jibun Bank Manufacturing/Services PMIs (June preliminary)\n5:15 p.m. HKT/SGT(9:15 a.m. UTC):St. Louis Fed President James Bullard speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Crosses $30K; Crypto Exchange Backed by Fidelity, Schwab Launches With Additional Investors\nBitcoin (BTC) extended its rally after surpassing the $30,000 mark for the second time this year the day before. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis as Federal Reserve Chair Jerome Powell geared up for another day on Capitol Hill testifying before lawmakers regarding the central bank\'s semiannual monetary policy report. Plus, EDX Markets CEO Jamil Nazarali discussed the launch of its digital asset market and the latest investment round with new equity partners. And, the Chamber of Digital Commerce founder and CEO Perianne Boring weighed in on the latest U.S. House hearing regarding SEC oversight.\nNFL Rivals Scores 1M Downloads for NFT-Based Mobile Game:The game hit the milestone in under two months since its release in the Google Play and Apple Stores.\nPrime Trust Has \'Shortfall of Customer Funds,\' Nevada Regulator Says:Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday.\nCFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam:The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC.\nStablecoin Movement May Hint Strongly at Asset Prices\' Path Forward:A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment.\nIt’s Game On for Web3: How Gaming Will Onboard a Billion People:As we look to onboard new users into Web3, experts argue that gaming is the ideal vehicle for adoption “because there are so many gamers in the world who are already used to trading digital items and buying digital things.”', 'Good morning. Here’s what’s happening: Prices: Bitcoin momentum stalls, but the asset holds firm over $30K. Insights: Why do BlackRock and other financial service giants want to offer spot bitcoin ETFs? They want to make money. Prices CoinDesk Market Index (CMI) 1,223 −9.6 ▼ 0.8% Bitcoin (BTC) $30,006 −124.1 ▼ 0.4% Ethereum (ETH) $1,880 −33.7 ▼ 1.8% S&P 500 4,381.89 +16.2 ▲ 0.4% Gold $1,925 −8.7 ▼ 0.5% Nikkei 225 33,264.88 −310.3 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,223 −9.6 ▼ 0.8% Bitcoin (BTC) $30,006 −124.1 ▼ 0.4% Ethereum (ETH) $1,880 −33.7 ▼ 1.8% S&P 500 4,381.89 +16.2 ▲ 0.4% Gold $1,925 −8.7 ▼ 0.5% Nikkei 225 33,264.88 −310.3 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Steady Over $30K As Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000. The largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock, the world\'s largest asset manager, have buoyed investors who had had been reeling earlier this month when the SEC filed lawsuits against exchange powerhouses Binance and Coinbase. Those suits continue to cloud crypto\'s future in the U.S., and the agency has yet to approve any of the more than half-dozen ETF applications presented in recent years, or indicate that it is ready to change its mind. "This is truly welcome news for the market, but perhaps not quite the beginning of the end of the bear market," Tim Frost, CEO of digital wealth platform Yield App, noted cautiously in an email to CoinDesk. "This pump is likely down to a lot of institutional buying on BlackRock and other institutions’ applications for a Bitcoin spot ETF, which have not been approved. And, if these get rejected by the US SEC like all the others, this may well lead to another tumble." Story continues Ether, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time. ETH had been holding steady above $1,900 after regaining this level the previous days for the first time since the start of the month. Other major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, the CoinDesk Market Index , a measure of crypto markets performance, sank into negative territory and was recently down 0.9%. The tech-heavy Nasdaq Composite and S&P 500 closed up 0.8% and 0.2%, respectively, shrugging off a reiteration of hawkish remarks by Federal Reserve Chair Jerome Powell. The U.S. central bank said last week that it likely would resume interest rate hikes later this year after ending a more than year-long diet of increases. Yield App\'s Frost wrote that the most recent surge would "not be particularly welcome news as this pump is entirely due to centralized institutions in traditional finance becoming more interested (in crypto)." But he added: "These detractors should really think about the future. Cryptocurrency cannot stay in its own echo chamber forever and it must be accepted and bought by institutions if it is to truly grow and expand." Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +2.3% Currency Terra LUNA +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −5.5% Entertainment Solana SOL −5.2% Smart Contract Platform Loopring LRC −3.3% Smart Contract Platform Insights What Is BlackRock\'s Motivation? The institutions are taking a fresh look at crypto and they’re flooding in. Last week, BlackRock (BLK) applied for a spot bitcoin exchange-trade fund (ETF) . This week, another comically large asset manager in Invesco (IVZ) reapplied for approval to offer a spot bitcoin ETF . The less-comically large ETF-sponsor WisdomTree also refiled for a spot bitcoin product yesterday (WisdomTree’s filing was initially rejected by the SEC in 2022). Elsewhere in non-bitcoin crypto, a crypto exchange backed by Fidelity, Schwab and Citadel Securities launched in the United States and Deutsche Bank applied for a digital asset license in Germany. So yes, the institutions are back. But why did $10 trillion asset manager BlackRock and $1.5 trillion asset manager Invesco decide it was time for the spot bitcoin ETF again? Many have offered convoluted and tinfoil-hat theories (some which I quite like). Theories like BlackRock is scrambling to backstop Coinbase for some reason or the big firms are acting on behalf of three letter agencies to keep self-custodied bitcoin away from everyday people or that Wall Street can’t let the crypto crowd get too far ahead of them. There are more theories out there, but here’s a much simpler one: Financial institutions like making money and offering a spot bitcoin ETF is a way to make money. Read the full story here : Important events. ETHGlobal (Toronto) 8:17 a.m. HKT/SGT(12:17 a.m. UTC): Jibun Bank Manufacturing/Services PMIs (June preliminary) 5:15 p.m. HKT/SGT(9:15 a.m. UTC): St. Louis Fed President James Bullard speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Crosses $30K; Crypto Exchange Backed by Fidelity, Schwab Launches With Additional Investors Bitcoin (BTC) extended its rally after surpassing the $30,000 mark for the second time this year the day before. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis as Federal Reserve Chair Jerome Powell geared up for another day on Capitol Hill testifying before lawmakers regarding the central bank\'s semiannual monetary policy report. Plus, EDX Markets CEO Jamil Nazarali discussed the launch of its digital asset market and the latest investment round with new equity partners. And, the Chamber of Digital Commerce founder and CEO Perianne Boring weighed in on the latest U.S. House hearing regarding SEC oversight. Headlines NFL Rivals Scores 1M Downloads for NFT-Based Mobile Game: The game hit the milestone in under two months since its release in the Google Play and Apple Stores. Prime Trust Has \'Shortfall of Customer Funds,\' Nevada Regulator Says: Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday. CFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam: The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC. Stablecoin Movement May Hint Strongly at Asset Prices\' Path Forward: A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment. It’s Game On for Web3: How Gaming Will Onboard a Billion People: As we look to onboard new users into Web3, experts argue that gaming is the ideal vehicle for adoption “because there are so many gamers in the world who are already used to trading digital items and buying digital things.”', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin momentum stalls, but the asset holds firm over $30K.\nInsights:Why do BlackRock and other financial service giants want to offer spot bitcoin ETFs? They want to make money.\nCoinDesk Market Index (CMI)\n1,223\n−9.6▼0.8%\nBitcoin (BTC)\n$30,006\n−124.1▼0.4%\nEthereum (ETH)\n$1,880\n−33.7▼1.8%\nS&P 500\n4,381.89\n+16.2▲0.4%\nGold\n$1,925\n−8.7▼0.5%\nNikkei 225\n33,264.88\n−310.3▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,223", "\\u22129.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,006", "\\u2212124.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,880", "\\u221233.7\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,381.89", "+16.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "\\u22128.7\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,264.88", "\\u2212310.3\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Over $30K\nAs Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000.\nThe largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock, the world\'s largest asset manager, have buoyed investors who had had been reeling earlier this month when the SEC filed lawsuits against exchange powerhouses Binance and Coinbase.\nThose suits continue to cloud crypto\'s future in the U.S., and the agency has yet to approve any of the more than half-dozen ETF applications presented in recent years, or indicate that it is ready to change its mind.\n"This is truly welcome news for the market, but perhaps not quite the beginning of the end of the bear market," Tim Frost, CEO of digital wealth platform Yield App, noted cautiously in an email to CoinDesk. "This pump is likely down to a lot of institutional buying on BlackRock and other institutions’ applications for a Bitcoin spot ETF, which have not been approved. And, if these get rejected by the US SEC like all the others, this may well lead to another tumble."\nEther, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time. ETH had been holding steady above $1,900 after regaining this level the previous days for the first time since the start of the month.\nOther major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, theCoinDesk Market Index, a measure of crypto markets performance, sank into negative territory and was recently down 0.9%.\nThe tech-heavy Nasdaq Composite and S&P 500 closed up 0.8% and 0.2%, respectively, shrugging off a reiteration of hawkish remarks by Federal Reserve Chair Jerome Powell. The U.S. central bank said last week that it likely would resume interest rate hikes later this year after ending a more than year-long diet of increases.\nYield App\'s Frost wrote that the most recent surge would "not be particularly welcome news as this pump is entirely due to centralized institutions in traditional finance becoming more interested (in crypto)."\nBut he added: "These detractors should really think about the future. Cryptocurrency cannot stay in its own echo chamber forever and it must be accepted and bought by institutions if it is to truly grow and expand."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.3%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22125.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nWhat Is BlackRock\'s Motivation?\nThe institutions are taking a fresh look at crypto and they’re flooding in.\nLast week, BlackRock (BLK) applied for aspot bitcoin exchange-trade fund (ETF). This week, another comically large asset manager in Invesco (IVZ)reapplied for approval to offer a spot bitcoin ETF. The less-comically large ETF-sponsor WisdomTree alsorefiled for a spot bitcoinproduct yesterday (WisdomTree’s filing was initiallyrejected by the SECin 2022).\nElsewhere in non-bitcoin crypto, acrypto exchange backed by Fidelity, Schwab and Citadel Securitieslaunched in the United States andDeutsche Bank applied for a digital assetlicense in Germany.\nSo yes, the institutions are back. But why did $10 trillion asset manager BlackRock and $1.5 trillion asset manager Invesco decide it was time for the spot bitcoin ETF again? Many have offered convoluted and tinfoil-hat theories (some which I quite like).\nTheories like BlackRock is scrambling to backstop Coinbase for some reason or the big firms are acting on behalf of three letter agencies to keep self-custodied bitcoin away from everyday people or that Wall Street can’t let the crypto crowd get too far ahead of them.\nThere are more theories out there, but here’s a much simpler one: Financial institutions like making money and offering a spot bitcoin ETF is a way to make money.\nRead the full storyhere:\nETHGlobal (Toronto)\n8:17 a.m. HKT/SGT(12:17 a.m. UTC):Jibun Bank Manufacturing/Services PMIs (June preliminary)\n5:15 p.m. HKT/SGT(9:15 a.m. UTC):St. Louis Fed President James Bullard speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Crosses $30K; Crypto Exchange Backed by Fidelity, Schwab Launches With Additional Investors\nBitcoin (BTC) extended its rally after surpassing the $30,000 mark for the second time this year the day before. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis as Federal Reserve Chair Jerome Powell geared up for another day on Capitol Hill testifying before lawmakers regarding the central bank\'s semiannual monetary policy report. Plus, EDX Markets CEO Jamil Nazarali discussed the launch of its digital asset market and the latest investment round with new equity partners. And, the Chamber of Digital Commerce founder and CEO Perianne Boring weighed in on the latest U.S. House hearing regarding SEC oversight.\nNFL Rivals Scores 1M Downloads for NFT-Based Mobile Game:The game hit the milestone in under two months since its release in the Google Play and Apple Stores.\nPrime Trust Has \'Shortfall of Customer Funds,\' Nevada Regulator Says:Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday.\nCFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam:The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC.\nStablecoin Movement May Hint Strongly at Asset Prices\' Path Forward:A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment.\nIt’s Game On for Web3: How Gaming Will Onboard a Billion People:As we look to onboard new users into Web3, experts argue that gaming is the ideal vehicle for adoption “because there are so many gamers in the world who are already used to trading digital items and buying digital things.”', 'It’s no secret that thedecentralized financeecosystem is rapidly expanding, with more protocols and apps emerging every day. To stand out in such a crowded space, airdrops have become a go-to strategy for many DeFi projects to attract users and build a community.\nHowever, recent events have highlighted the risks associated with airdrops. In particular, the recentArbitrumairdrop was not without itsmishaps. Although users were able to claim over US$1 billion worth of tokens, the process was marred by bugs, frustrations and scammers looking to take advantage of the chaos. This serves as a stark reminder that security in DeFi should always be a top priority, and airdrops can pose significant risks if not executed properly.\nThe importance of security in DeFi cannot be overstated. With the rise of DeFi comes the risk of hacks, exploits and other security vulnerabilities. In 2022, crypto hackers stole at least US$3.8 billion — more than 80% of which was suffered by DeFi.\nAs the industry continues to mature, the community must prioritize security measures to ensure that users are protected and that the ecosystem can continue to grow and thrive. Unfortunately, wallets used in token airdrops have been found to be a significant source of security risks, exposing DeFi to potential vulnerabilities.\nWallets play a crucial role in token airdrops as they are the primary tool used to distribute tokens to participants. In a token airdrop, a company or project will distribute a certain number of tokens to users who complete a specific action.\nTo receive these tokens, users typically need to provide a wallet address where the tokens can be sent. Without a crypto wallet, it is not possible to participate in an airdrop, and the potential rewards will be lost. Therefore, owning a crypto wallet is a necessary first step to participating in any airdrop.\nTokens received during an airdrop can be stored in the wallet and held for the long term, or they can be sold on a cryptocurrency exchange. Regardless of the strategy, having a reliable wallet prevents the loss of tokens and provides a way to access them.\nBy requiring users to hold a crypto wallet, airdrops encourage new users to become familiar with and use cryptocurrencies. This ultimately leads to greater adoption and acceptance of cryptocurrencies, which benefits the entire industry.\nOne of the primary security risks posed by wallets in DeFi is the underlying algorithm that generates the recovery phrase for new wallets. If the algorithm is weak and generates not-so-random phrases, it can be cracked or guessed by a program, leading to the theft of the assets stored in the wallet. This has been a problem for many years and is still a concern in the current Web3 era.\nWallets are also vulnerable to attacks and hacks due to the keys being stored in individual devices. A compromised phone or computer can give hackers access to the wallet, potentially leading to the theft of assets.\nAdditionally, wallet providers storing recovery phrases somewhere without user knowledge, as inthe case of the Slope wallet, can lead to data breaches that leave all wallets vulnerable. As DeFi becomes more popular and valuable, attackers will become more sophisticated, and wallet providers must stay vigilant to stay ahead of these risks.\nThere have been several high-profile security breaches involving wallets, highlighting the need for increased security measures. In one example, a scammer swindledUS$8 millionin Bitcoin and Ether by targeting users who wanted to get airdrops from Uniswap, a popular decentralized crypto exchange. The scammer posed as a representative of Uniswap and tricked users into providing their wallet information, allowing the scammer to gain access and steal their assets. Another example is theUS$300,000stolen by fake Blur airdrop websites, where users were directed to download a wallet app that was actually a phishing tool designed to steal their assets.\nTo minimize security risks associated with the claim process, airdropping tokens directly to eligible wallets is the best practice. By doing this, scams and other security issues that may arise during the claim process can be avoided. To ensure the success of airdrops, protocols and decentralized apps should communicate their airdrop plans to the community right from the start. Effective communication will help the community understand the process and prevent any misunderstandings.\nAnother best practice in securing wallets during DeFi token airdrops is to have ahot walletfor testing new protocols with fewer tokens and a cold wallet for storing the major portf Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $582,691,848,975 - Hash Rate: 325294307.5702325 - Transaction Count: 374001.0 - Unique Addresses: 707501.0 Social & AI Sentiment: - Fear & Greed Index: 0.65 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:Bitcoin was trading over $27K to recover some lost ground from its plunge last week. Insights:The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins. CoinDesk Market Index (CMI) 1,158 +8.4▲0.7% Bitcoin (BTC) $27,165 +433.8▲1.6% Ethereum (ETH) $1,820 +23.6▲1.3% S&P 500 4,124.08 −6.5▼0.2% Gold $2,020 +5.4▲0.3% Nikkei 225 29,388.30 +261.6▲0.9% BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) [["1,158", "+8.4\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,165", "+433.8\u25b21.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,820", "+23.6\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,124.08", "\u22126.5\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.4\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,388.30", "+261.6\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}] Hopeful Signs for BTC at $27K After seven days of plunging prices, bitcoin steadied. The largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties. "Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we're seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV's "First Mover" program on Friday. "When there's less liquidity, you're going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto." Ether, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. TheCoinDesk Market Index, a measure of the crypto market's performance, was up 0.8%. Leading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively. "Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I'm happy to see the correlation fall between traditional risk assets, traditional equities and crypto." In an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive." This week, DiPasquale is looking for bitcoin's price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again." "We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally." [{"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\u22120.5%", "DACS Sector": "Smart Contract Platform"}] What Does the Recent Stablecoin Supply Ratio Mean for Bitcoin? The Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin. The metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself. A higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing. The recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices. 3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting 4:30 p.m. HKT/SGT(8:30 UTC)Bank of England Monetary Policy Report Hearings 5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Industrial Production s.a. (MoM/March) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Bitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail Bitcoin (BTC) continued to lose ground in the wake of CoinDesk's Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform's plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation. Binance Announces Exit from Canada, Citing Regulatory Tensions:The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours:When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven't determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty. Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s:Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now. MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token:Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance. House Democrats Consider New Stablecoin Bill Proposal, Source:The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.... - Reddit Posts (Sample): [['u/excubitor15379', 'Altcoins performance last cycle', 11, '2023-06-23 00:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14ggu0u/altcoins_performance_last_cycle/', " Hello my dear reddit fellows. I have made simple altcoins analyse I wanted to share it here to hear u out and make a discussion maybe.\n\n \nI take a snapshot of crypto market on the day 16 of dec 2018 – the day BTC was around its lowest price – 3252$ and I decided to check how well altcoin investment would go from there. \n\nSo I picked top 100 crypto by marketcap at that time, but since there were 6 stable coins and I wanted 100 altcoins to analyze I decided to make it for 106 top coins excluding stables at that time (around the bottom of the bearmarket of 2018). \n\n# case one\n\nIn case one I tracked alts movements price from the date of BTC bottom to their ATH around the date of the first ATH of BTC (we got duble top that year). So it wasnt precise date for altcoins I just wanted to see their maximum performance. It is worth noting that it is impossible to buy at the very bottom and sell at the very top, so the case one is made out of curiosity and mostly for fun. I don't believe anyone can achieve those returns with exceptions of some lucky ones. \n\nHere are the results. \n\n \n7 coins died – are no longer tracked by cmc\n\n6 coins would net u lose – they didn't beat their bottom price at BTC ATH on 2021(sic!); for instance: Metaverse ETP (ETP) price at BTC bottom (around mid of December 2018) was 0.6 and at BTC ATH at 2021 was 0.5. So, as u can see, 6 coins wasn't able to net u gain even under the most favorable conditions. The table shows results for all 100 altcoins (number of cases is percentage since they sums up to 100): \n\n\n\nhttps://preview.redd.it/vyb0gnjoxm7b1.png?width=171&format=png&auto=webp&v=enabled&s=4cb6b80bba84e18dd65732a78b989869bdfc29d9\n\n\n\nIf u are skilled enough to buy into the very bottom and sell on the very top, congrats, u would have 87% chance to earn money. The mode in this case is 10-20x what sounds nice, but since it's literally impossible to hit the bottom and the top, at least unless u have perfectly working crystal ball, u shouldn't expect that kind of returns. Just to add, there were only 50% chances to hit 10x and more returns.\n\n# case two\n\nTo be more realistic though, I think we should change conditions a bit. So the next scenario – case two \\- is modified towards more reality. At case two we enter at a price increased by 25% from bottom and sell at the price decreased by 25% from the top (lucky and disciplined trader gj on him). After this adjustments it doesn't look that optimistic – see tab below.\n\n\n\nhttps://preview.redd.it/mhmd99n5ym7b1.png?width=171&format=png&auto=webp&v=enabled&s=d63bccf7c219f5ed1e5091229fdce7262a050c28\n\nAs u can see number of coins that nets u lose doubled. So, u gona lose 19% of time while netting >2-10x about 46% of time. Only 2 coins in that scenario made >50-100x and 3 made >100x. This time mode is >5-10x - not that impressive if u take into account that betting on altcoins is a extreme sport in the crypot universe.\n\n# Now lets see how BTC did under that circumstances. \n\nBTC bottom was around 3252$ . ATH was 64700$. So everyone with perfectly calibrated crystal ball was able to net 19.9x nice. \n\nThe more realistic scenario -case two \\- gives u 11.9x . Still decent but u had to sell BTC at 48500$ what would be challenging af with all that 100k EOY narration around.\n\nPutting this value against cumulated percentage for alts - tab below - shows u got only around 30% chance to meet or beat that 11.9x. And u got only 15% chance to make >20x returns on alts. It doesn't look that good to me anymore. \n\n\n\nhttps://preview.redd.it/eqidprgrym7b1.png?width=256&format=png&auto=webp&v=enabled&s=ee14c9cd1b22ee18ba486b5063a2896a0e58fe03\n\nNow lets assume You divided ur portfolio: 70%BTC 20%ETH 10% alts. In this scenario for every 1000$ invested u would earn ( I will calculate for the more realistic scenario in which ur crystal ball was taken by ur wife to figure out famous stars love affairs): \n \n\n\n\nhttps://preview.redd.it/186ls9bc1n7b1.png?width=341&format=png&auto=webp&v=enabled&s=6821aa87dff1b08c2d640e0a861a95eb5b1c138f\n\n In table above there are 2 averages for alts: 1st one is the arithmetic mean and the 2nd one-the mode which i used in all previous examples - thats why 10% twice in the table; I decided to do it that way to put a bit more spice into the calculation since arithmetic mean is a bit better for alts outcome. \nKeep in mind u had only 30% chance for alts to beat BTC gains (see table with cumulated percentage). So for around 70% of time u would earn less on alts then on BTC, yaiks! \n \n\nSo as a conclusion it seems to me that buying BTC is not only safer but also provided good returns. Ofc u can find alts that did spectacular and if u can do that - good for u, i am full of admiration for u. But it seems alts are really risky play that brings less gains that I supposed they do, before i made that analyze. \n\nI still believe buying right alts at right moment can elevate ur profits by a lot, but as they say: time in the market beats timing the market.\n\nOK that's it folks. I am widely opened for constructive criticism, and gona make more post about alts in the nearest future. GL on ur trades, and don't give BTC to those whales cheaply!\n\nAnd don't worry, i didn't forget of the most important part ;) Here are those alts that made >50x gains:\n\n\n\nhttps://preview.redd.it/3ut113v47n7b1.png?width=420&format=png&auto=webp&v=enabled&s=f277c351a02eb4aaa7fabd8d3d0c657e57aa6c96\n\n \n\n\n\|\|\|\|\n\|:-\|:-\|:-\|\n\|\|\|\|\n\n\n\n\|\|\|\|\n\|:-\|:-\|:-\|\n\|\|\|\|\n\n\n\n\|\|\|\|\n\|:-\|:-\|:-\|\n\|\|\|\|", 'https://www.reddit.com/r/CryptoCurrency/comments/14ggu0u/altcoins_performance_last_cycle/', '14ggu0u', [['u/Onnimation', 11, '2023-06-23 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/14ggu0u/altcoins_performance_last_cycle/jp5fgqw/', "I like to live on the edge so I'm 100% in alts", '14ggu0u']]], ['u/Cinobite', 'I Signed up to Haru about a Month Ago....', 18, '2023-06-23 00:20', 'https://www.reddit.com/r/HaruInvest/comments/14ggxr9/i_signed_up_to_haru_about_a_month_ago/', '1/3 of my BTC and ETH, what makes it worse is that I started in crypto during ATHs, between Cefi going under and ETH fees crypto just feels like throwing money away. I have some low caps which if they 30x to previous highs MIGHT put me back where I started, making the past 2-4 years pointless', 'https://www.reddit.com/r/HaruInvest/comments/14ggxr9/i_signed_up_to_haru_about_a_month_ago/', '14ggxr9', [['u/mykeys71', 23, '2023-06-23 00:49', 'https://www.reddit.com/r/HaruInvest/comments/14ggxr9/i_signed_up_to_haru_about_a_month_ago/jp5iyoc/', 'I had my life savings in Haru (I know it was stupid). I had taken a pay cut at work so I thought I would collect a yield on all my BTC to make up the difference. I now can’t eat, sleep and have no idea how to tell my wife. I’m basically screwed and have lost my retirement.', '14ggxr9']]], ['u/briannaconetta', 'Seema’s gold outfit and bag at the end of Season 2 Episode 2', 43, '2023-06-23 02:48', 'https://www.reddit.com/r/Andjustlikethat/comments/14gka8z/seemas_gold_outfit_and_bag_at_the_end_of_season_2/', 'Was that bag a bitcoin Judith Lieber bag?!?!', 'https://i.redd.it/pidt0x4e0o7b1.jpg', '14gka8z', [['u/Which_way_witcher', 23, '2023-06-23 04:50', 'https://www.reddit.com/r/Andjustlikethat/comments/14gka8z/seemas_gold_outfit_and_bag_at_the_end_of_season_2/jp6d97w/', "Eh, looks like something country bumpkins wear on their big nights out in Chicago. Garish and blingy. Dress might have been fine on its own without that bag. \n\nSeema's first miss and it's a big one.", '14gka8z']]], ['u/kapliger', "Why does this sub celebrate Blackrock's BTC ETF application?", 50, '2023-06-23 03:32', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/', 'I find it irritating that the community that pushes most for decentralisation, self-custody, morals & justice suddenly takes comfort in the fact that the largest, most evil asset management firm in the world files for a spot Bitcoin ETF.\nCan someone explain to me why this is positive for Bitcoin or "the people"?\n\nSimple conclusion from a neutral bystander would be that the majority of Bitcoiners doesn\'t give a damn about the principals of BTC, would switch up in a heartbeat & just wants to be up in terms of fiat, chasing the next pump, no matter which criminal entity supports their agenda. Doesn\'t exactly radiate veracity, does it?', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/', '14gl7zk', [['u/Cereal_Killer001', 106, '2023-06-23 03:36', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp64fqv/', 'bitcoin ETFs do not make sense nor should anyone buy them but I think the reason that people are excited is because it signals one of the largest financial institutions getting bitcoin on its balance sheet. This does multiple things. First, if BlackRock has bitcoin on its balance sheet, it legitimizes the asset to the public and could incentivize more major market movers to follow suit. Secondly, BlackRock has a TON of leverage with the SEC. As much as we hate the SEC, it is nice having a major market mover in your corner to help advocate for bitcoin.', '14gl7zk'], ['u/nigelwiggins', 12, '2023-06-23 03:53', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp66f7x/', 'Number goes up. Not in it for the tech', '14gl7zk'], ['u/StumbleMyMirth', 33, '2023-06-23 03:58', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp6746k/', 'Bitcoin is for everyone.', '14gl7zk'], ['u/399ddf95', 36, '2023-06-23 04:05', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp67wzv/', "Bitcoin is not a sports team. It doesn't need cheerleaders or loyal fans. There's nothing magic about it that makes people who are optimistic about it into good people. In fact, part of why it's awesome is that - unlike fiat systems - it is built including the assumption that people are greedy assholes who only think about themselves, and it functions just fine in that environment. \n\nBitcoin isn't about finding some sort of moral high ground to stand on, above the great unwashed. Bitcoin exists apart from and despite moral arguments for or against it. ~~Honey badger~~Bitcoin don't care.", '14gl7zk'], ['u/dylan6091', 29, '2023-06-23 04:15', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp693ue/', 'I second this.', '14gl7zk'], ['u/zertuval15951', 10, '2023-06-23 04:17', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp69dhm/', 'Simple conclusion? Your conclusion reeks on bias and preconceived ideas lol', '14gl7zk'], ['u/politicalPickle13', 17, '2023-06-23 04:32', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp6b4yo/', "There's too many plebs too dumb to use hardware wallets, no matter how many times you tell them to not enter a seed into a pc, they will in order to encrypt it.\n\nOr falling this they will fall for a phishing scam.\n\nDo these people deserve to have their savings stolen because of rates?\n\nNo. The BTC ETF is for them.\n\nIt's not ideal, they can get sanctioned and cancelled if they piss off blackrock, but it's highly unlikely plebs would be smart enough to be capable of this anyways.", '14gl7zk']]], ['u/UnfilteredAdivce', 'Is it safe to buy bitcoin on a fidelity account?', 28, '2023-06-23 03:41', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/', 'just wondering for a little bit of money\n\napparently you can\'t "withdraw" the bitcoin, like if you want to store it on a wallet with codes and this is scary to hard core bitcoiners \n\nnot sure if that\'s a concern for someone like me just hoping to get lucky and make a few bucks', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/', '14gles9', [['u/astockstonk', 60, '2023-06-23 03:47', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp65qkr/', 'The concern is - not your keys not your coins. \n\nYou do not actually own Bitcoin, you own a Fidelity IOU based on Bitcoin. Fidelity will probably make good on its IOU, but if it doesn’t you don’t own anything.', '14gles9'], ['u/UnfilteredAdivce', 17, '2023-06-23 04:06', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6832x/', "except fidelity wasn't created 5 minutes ago like FTX", '14gles9'], ['u/Pitiful_Difficulty_3', 10, '2023-06-23 05:47', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6jhuu/', "It's safer than Robinhood because fidelity brand name is stronger, but when shit hits the fan. Not your wallet not your coin", '14gles9'], ['u/mskamelot', 56, '2023-06-23 06:42', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6oysk/', "if Fidelity (one of the largest broker/institution in the world) got a problem, we've got a lot bigger problem than viability of bitcoin and what not.", '14gles9'], ['u/Possible-Magazine23', 32, '2023-06-23 07:02', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6qsgu/', 'Unpopular opinion from an OG Bitcoiner here - Yes.\n\nNot your key not your coin is true. But self-custody is still not something mainstream investors could easily get comfortable dealing with. I don\'t see anything wrong for someone who wants BTC exposure to buy on Fidelity, even if that\'s "paper bitty".', '14gles9'], ['u/Grudging3', 13, '2023-06-23 07:59', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6vr5e/', "If you can't withdraw it to self custody, it's not bitcoin.", '14gles9'], ['u/Betaglutamate2', 20, '2023-06-23 13:48', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp7mpp1/', 'Honestly for 99% of people buying bitcoin on fidelity is safer than self custody.\n\nYou make one small mistake with self custody open a pdf on an email for example your bitcoin are gone.\n\nThere are so many people that have lost access to bitcoin because they forgot their password to their wallet and its gone.\n\nYes if fidelity goes bankrupt you may lose out idk. But most people are way more likely to lose btc with self custody', '14gles9'], ['u/breesyroux', 31, '2023-06-23 14:06', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp7oikw/', 'Not your keys not your coins is ridiculous when dealing with reputable institutions. I keep my money in a bank. How is that different?', '14gles9'], ['u/astockstonk', 19, '2023-06-23 14:14', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp7pe8z/', 'Your money in a bank is FDIC insured. \n\nDon’t get me wrong, I view the risk of a Fidelity default or some sort of malfeasance as low. However, it still exists to some extent. \n\nThe original ethos of Bitcoin was self custody and decentralized finance out of the collapse of the financial system in 2008. So pretty much not having large financial institutions holding massive sums of Bitcoin. \n\nThat doesn’t mean in 2023 that everyone has to think that way. And I am sure that plenty of people will be interested in investing in Bitcoin in a way that involves someone else (Fidelity) being responsible for custody. And which will lead to broader investment in Bitcoin.', '14gles9']]], ['u/Harmz1229', "It's true inverse Cramer never fails. Cramer strikes again!!", 61, '2023-06-23 04:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/', 'Just a little under two weeks ago he said and I quote "Now, what do you do if you\'re involved with these kinds of outfits? The same thing you should\'ve done with the SPACs or the IPOs that were bad or the meme stocks a year and a half ago: GET OUT NOW. Go buy T-bills. I\'m not kidding. Just do that." And this gem "I view this as actually my job now, because how can we make money together if you\'re just going to lose it in these scams and schemes?"\n\nThis is just too funny at this point 🤣you would think he would just randomly get a market prediction right but like clockwork whenever he says something the exact opposite happens. It SEEMED like a good prediction of course at the time with the SEC going after Binance and Coinbase. But then Blackrock and Fidelity happened and the price of Bitcoin went over 30k for the first time in months. So congrats on anyone doing inverse Cramer everytime he makes a prediction. Inverse Cramer isn\'t just a meme or joke anymore. It\'s a solid investing strategy.', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/', '14gm38a', [['u/Every_Hunt_160', 34, '2023-06-23 04:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/jp69ajg/', 'When Cramer says ‘Get out now’, he actually means ‘GET IN NOW with your life savings !!’', '14gm38a'], ['u/FattestLion', 10, '2023-06-23 04:26', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/jp6agzy/', 'Works every time. Now I need Cramer to be bearish on my whole portfolio', '14gm38a'], ['u/eat-sleep-rave', 15, '2023-06-23 04:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/jp6aotp/', "At this point, I'm starting to believe that he is secretly trading inverse Cramer himself", '14gm38a']]], ['u/thetimsterr', 'Romance Crypto Pig-Butcher', 95, '2023-06-23 04:44', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/', 'This is a total scam right? I\'m not being stupid? \n\nTLDR: Met a girl on Plenty of Fish, chatted it up, verified she was real via a video call, set up a date after 5 days of talking, and then she started her "crypto investments formula and great returns" spiel. \n\nStory below:\n\nI met a girl on Plenty of Fish. We started chatting and soon she asked for us to go to WhatsApp, so we did.\n\nWe chatted for a day. I learned she was native Belarusian but moved from New Zealand to Cleveland four years ago. She is now recently in Los Angeles (where I live) for a renovation project for the home renovation company her uncle owns. \n\nNext day we chatted and then video called, and I confirmed she matched her pictures. She also spoke with a heavy accent and not great English, which matched the way she texted. I figured she was telling the truth and was the real deal.\n\nCouple days pass and we talked more. She sent a few more pictures of herself and also the renovation project she was working on. She brought up Bitcoin once, which perked my scam radar up, but it was only to ask if I was familiar with it. I said I had done research, and we moved on.\n\nThen yesterday (we\'re at maybe Day 5 now), she said she is really enjoying our conversations and thinks we should set up a date. I said great, how about this weekend, but she said she\'s still busy settling into Los Angeles. So she says how about Friday the 30th? \n\nThen she got pretty pushy about picking a good Italian restaurant for us, since we both liked Italian food. I kept telling her I need time to find one. She said it was important we have a time and place to meet. I\'m like, I KNOW, give me 30 minutes. Finally find a place and we set a date and time. She\'s excited. Says she\'ll reserve movie tickets for us for after dinner at the cinema near our restaurant. I thought, that\'s cool and nice of her to offer, since I was undoubtedly paying for dinner.\n\nThen she sends me a screenshot of a $500 purse she bought that day. My jaw dropped a bit. Red flags going up purely because of the insanity of the price for a purse. She said she made $20k that day with a crypto options trade and used the money to treat herself.\n\nRed flags everywhere.\n\nThe rest of the night she proceeds to explain she has a crypto formula, has a team of people who help her, and plays short term options to make 15%-20% regularly. She says I should get involved too. She says I could make $200 on $1000, if I start small first. She asks if I have 30 minutes to get everything set up.\n\nThen she talks about how she gives to charity, uses the money to flip homes, and trade more crypto. I told her I need to think about it (I really don\'t) and push it off. \n\nToday, she small chatted a bit. I told her I was very busy (truth) so couldn\'t talk about. Then later, she asked again if I have time to get transactions set up. She said trades only take 15-20 minutes and then I can withdraw money to my bank account.\n\nSo yeah, total scam right? Even as I type this, I know it is 100% a scam. Just so friggin\' disappointing. What shocks me is she\'s really who her pictures showed her to be based on the video call we had. Very beautiful woman (not out of my league beautiful) and her story seemed so real. Does anyone think we would have actually met in person? What would her goal be? To build a fake relationship and just suck my finances dry?', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/', '14gmpht', [['u/Mediocre_Airport_576', 172, '2023-06-23 06:35', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6o9va/', ">To build a fake relationship and just suck my finances dry?\n\nUnfortunately, yes.\n\nThe money is fake, and the returns are very, very, very fake.\n\nIf she could make one 20% return trade per day, she'd have $309,149,128,618,848,256 in six months if she started with $1,000. If she did it for just two years, she'd have $7,611,861,206,236,881,694,542,533,218,636,416,267,327,213,364,868,722,200,674,304.", '14gmpht'], ['u/bondgirlMGB', 47, '2023-06-23 07:03', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6qx5u/', 'absolutely a scam.\n\nbeyond the obvious— just ask yourself how many normal girls would be asking/saying those things to a guy she was just beginning to date.\n\nthe answer is absolutely ZERO.', '14gmpht'], ['u/Dry-Candle-5916', 24, '2023-06-23 07:06', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6r5gj/', 'You had me at plenty of fish. Too many red flags.', '14gmpht'], ['u/OWHG1962', 44, '2023-06-23 07:36', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6tuv7/', "That's quite the arbitrary precision calculator you have there!", '14gmpht'], ['u/Uri_nil', 13, '2023-06-23 07:56', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6vix2/', 'Yes. I have dated over a hundred real people in my life probably (dated! Not sex. I just took a long time to find my wife!). Not one ever asked me to invest with them. \nAfter I knew my wife for maybe 6 months of dating we started to talk about things like that.\n\nOnly scammers tell you about their amazing money making schemes and offer to let you in before your first actual date.', '14gmpht'], ['u/Front-Pomelo-4367', 30, '2023-06-23 09:41', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp73jo0/', "This is the problem with people telling scam victims you weren't even talking to a real woman, it's a teenage boy in Nigeria or whatever\n\nYeah, women are scammers too, and they're often good at it because men confirm that they exist and then promptly trust them. Hell, look at Ruja Ignatova, the so-called Cryptoqueen – she ran one of the biggest crypto Ponzi schemes going. Maybe the woman you're talking to is a small-time scammer, or maybe she's working in a ring of hundreds and scamming a dozen other men at the same time with the same photos\n\nThere's also a pretty high chance that if she's part of a scam ring, she's there by coercion and was trafficked, at least based on what happens to the women involved in East Asian pig butchering scams", '14gmpht'], ['u/Far-Yogurtcloset-114', 13, '2023-06-23 10:02', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp752fk/', "Believe me, if I were making a tremendous amount of money trading crypto, I wouldn't waste my time trying to convince random people on dating apps to invest. No, I'd be living the high life, lounging on a magnificent yacht or flaunting my incredible Lamborghini. Let me tell you, my success would be absolutely tremendous!", '14gmpht'], ['u/MyKidsFoundMyOldUser', 22, '2023-06-23 10:27', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp76v01/', 'Red herrings.', '14gmpht'], ['u/sojumaster', 73, '2023-06-23 12:31', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7fso6/', 'The biggest red flag is saying she moved from ANYWHERE to Cleveland.', '14gmpht'], ['u/bluchill3', 14, '2023-06-23 12:37', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7g8c3/', '🤣🤣🤣 what are these long codes dude?', '14gmpht'], ['u/dersedaydreaming', 25, '2023-06-23 13:11', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7j86b/', "this is totally an aside - $500 is incredibly cheap in the world of luxury handbags lmao. i wonder why she didn't try to impress you with a several thousand dollar purse.", '14gmpht'], ['u/por_que_no', 14, '2023-06-23 14:19', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7pw58/', ">they would have come up with excuses as to why they can't meet in person \n\nI'd be scared to meet thinking her beefy Belarusan boyfriend would be lurking about to apply physical pressure if her charms didn't work as planned.", '14gmpht'], ['u/Brains4Beauty', 22, '2023-06-23 15:56', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp81pb9/', 'Yes she’s a scammer. But $500 isn’t much for a designer purse lol', '14gmpht'], ['u/memorex1150', 90, '2023-06-23 16:08', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp83csb/', 'Comment is moderator-approved as this moderator moved to Cleveland and is still sad.', '14gmpht'], ['u/ChocChipBananaMuffin', 10, '2023-06-23 16:20', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp84yha/', 'I was surprised his”jaw hit the floor” at $500. While way more than I would spend, it isn’t that much for a luxury purchase.', '14gmpht'], ['u/thetimsterr', 10, '2023-06-23 17:08', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp8bw34/', "Yeah, I always had in my mind that if you're getting scammed, it's cause it's some dude and you didn't properly verify. Now I'm way more cautious. I definitely think it does society an injustice to downplay real women scammers. \n\nThis woman was good, like you say. I'm honestly impressed more than I am embarrassed.", '14gmpht'], ['u/thetimsterr', 11, '2023-06-23 17:09', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp8c2hq/', 'Lol. The thought that people would pay even more than that for a purse disturbs me.', '14gmpht']]], ['u/AutoModerator', '[Daily Discussion] - Friday, June 23, 2023', 39, '2023-06-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/', '14go8ch', [['u/NLNico', 16, '2023-06-23 08:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp6x4o3/', 'Holding ~~above~~ around 30k while the hourly RSI is being reset, love to see it (4h RSI still a while to go tho.)\n\nStill would love to long 28-29k but not sure if it will happen. Being out of position (= all-in BTC) feels fine rn.', '14go8ch'], ['u/Znt', 23, '2023-06-23 10:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp76nht/', '* Bull pennant forming up on the 4h.\n* High volume dump attempt failed, we are back at 30k.\n* The clowns who kept on posting messages that said "The trend is down" are liquidated.\n\nGuess what comes next?', '14go8ch'], ['u/de_moon', 15, '2023-06-23 12:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp7hg21/', "It blows my mind that the Mt.Gox collapse was 9 years ago and they still haven't paid anything out. QuadrigaCX happened in 2019 and they're now sending out cheques to people.", '14go8ch'], ['u/ccgirl21', 10, '2023-06-23 15:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp7wudn/', "Comments? (Since I'm bullish now, price can drop?)\n\n* Trend is up.\n* R at 30.6 - 31 -- we are right below. This is the third hit. Previously: April 2023 and June 2022. \n* Next stop 42. \n* S at 28.5 and even stronger at 25.5. \n* MA 50 at 27.2. This is the lowest we can go and still be in an up trend. \n* 4h PA bullish.\n* Wick up.\n* Fiat fleeing alts.", '14go8ch'], ['u/diydude2', 10, '2023-06-23 15:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp7xihp/', 'That would be fantastic -- looking to long.', '14go8ch'], ['u/PurpleFlamingoFarmer', 14, '2023-06-23 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp868ce/', 'RIP to the people shorting a 2 year downtrend we broke out of like 2 months ago. You are the sacrifice we need thank you brothers and sisters', '14go8ch'], ['u/ImpudicusFungus', 12, '2023-06-23 17:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8bhhl/', 'Moment of truth', '14go8ch'], ['u/xixi2', 18, '2023-06-23 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8e1gl/', 'Stocks and Bitcoin are now apparently inverse so I am just sitting at the same $ no matter what happens...', '14go8ch'], ['u/thunderchicken_', 10, '2023-06-23 17:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8g0d8/', 'Can I be hopeful that $42,069 will come again soon now...?', '14go8ch'], ['u/delgrey', 15, '2023-06-23 17:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8ifd5/', '"If you have had an erection that has lasted more than 2 hours, you should go to the nearest emergency department for medical attention."\n\nI need to stop chart watching.', '14go8ch'], ['u/chrisgilesphoto', 10, '2023-06-23 17:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8imph/', "I guess is the SEC is taking aim at all the alts then Bitcoin is where all the money's going.", '14go8ch'], ['u/Euphoricsoul', 14, '2023-06-23 17:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8isqw/', "New yearly high. Let's gooooo", '14go8ch'], ['u/itsthesecans', 11, '2023-06-23 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8j1tn/', 'Is it ok if I take a sip while I’m holding bitcoin’s beer?', '14go8ch'], ['u/Ne0nbeams', 16, '2023-06-23 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8ktcb/', 'Just got back from vacation and seeing bitcoin is up $6k since I left. Just added my DCA to keep this one going. 🫡', '14go8ch'], ['u/PatientlyWaitingfy', 18, '2023-06-23 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8lo08/', "Closing in on Warsder's stop, wonder what's his plan is. It was 10x so it's almost all going to be liquated", '14go8ch'], ['u/pluto098', 13, '2023-06-23 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8lzfw/', "is he still waiting for the black swan consisting of china's invasion of taiwan? lol", '14go8ch'], ['u/delgrey', 12, '2023-06-23 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8m4ah/', 'His black swan is BlackRock I suppose.', '14go8ch'], ['u/BootyPoppinPanda', 22, '2023-06-23 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8m5yy/', 'Go back on vacation plz', '14go8ch'], ['u/BootyPoppinPanda', 15, '2023-06-23 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8n4wv/', 'Top longers gotta get washed out every $1k or so.', '14go8ch'], ['u/pluto098', 11, '2023-06-23 18:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8oy4w/', 'Just as quickly as we went down, we can go up.', '14go8ch'], ['u/Magikarpeles', 10, '2023-06-23 18:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8pbpn/', 'as is tradition', '14go8ch'], ['u/diydude2', 10, '2023-06-23 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8rg2g/', 'Black Rock is more like a white swan -- how paradoxical.', '14go8ch'], ['u/delgrey', 30, '2023-06-23 18:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8ro6v/', 'SEC approves the first United States leveraged Bitcoin futures ETF. Will start trading Tuesday.', '14go8ch'], ['u/jarederaj', 14, '2023-06-23 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8x0op/', '“Short harder” lol.', '14go8ch'], ['u/jarederaj', 11, '2023-06-23 19:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8xoz1/', 'If someone is going to arbitrage it, they need to hold bitcoin. It isn’t ALL artificial… just mostly.\n\nI expect it to mostly increase arb against CME.', '14go8ch'], ['u/pg3crypto', 19, '2023-06-23 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8y18v/', "Or bullish because shorts get rekt hard in this space and squeeze upwards.\n\nBitcoin markets work like a toilet. You take a dump, then pull the chain and it flushes, then the chain springs back up and the bowl is ready for another dump.\n\nYou can't outperform a toilet refilling by dumping harder.", '14go8ch'], ['u/PatientlyWaitingfy', 12, '2023-06-23 19:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8yg0w/', 'Was a good decision to skip TP at 29861. Sold 20% at 30861 from the [BTC bought at 24861](https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo7osvu/)\n\nOpened a buy at 27861 with the profits.', '14go8ch'], ['u/PatientlyWaitingfy', 10, '2023-06-23 19:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8zz19/', "I don't need to get to 27.8k this is a trade which is entirely made from profit, from profit, from profit and so on from the last 6 months.\n\nThis is how I make a possible downside fun and enjoyable.", '14go8ch'], ['u/delgrey', 13, '2023-06-23 20:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9352m/', '[Papa Fink of BlackRock pumping yer btc bags.](https://twitter.com/DocumentingBTC/status/1672303098012770305)', '14go8ch'], ['u/puck2', 10, '2023-06-23 20:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp955cx/', "Wtf, how is this possible but the regular ETF isn't allowed?", '14go8ch'], ['u/_TROLL', 18, '2023-06-23 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp95dsp/', "No, I've only been high for the past 2 weeks... nyuk nyuk nyuk", '14go8ch'], ['u/AccidentalArbitrage', 37, '2023-06-23 20:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp95uyr/', "Mate, it wasn't even 10 days ago you seemed to be having a breakdown over the price: \n\n\n>Kiss this market good bye. \n> \n>We're done till Q2 of next year. \n> \n>It's all over. \n> \n>$15k is a foregone conclusion at this point \n> \n>BTC looking strong af? Lol \n> \n>Fuck this market \n> \n>No bounce. It's all over for us. \n> \n>Gg this market is done for\n\nI'm not trying to give you a hard time, you're a good guy, just trying to remind you that not everything is doom or moon. And next time you feel like you did when you were making those posts, smash that buy button ;)\n\nFor the record, I don't think we see new ATH's this year, I think that will start in mid/late 2024.", '14go8ch'], ['u/ohmygodbeats7', 10, '2023-06-23 20:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp96e14/', 'I just had fun reading all the confident bearish comments in yesterdays thread. I know we can all be wrong at times, but it still puts a smile on my face when shorts get blown up.', '14go8ch'], ['u/xtal_00', 19, '2023-06-23 20:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp99g44/', 'Long still open.\n\nNo time to do detailed analysis, but when in doubt, bet on the exponential trend.', '14go8ch'], ['u/Yodel_And_Hodl_Mode', 10, '2023-06-23 21:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9b0rn/', "> For the record, I don't think we see new ATH's this year, I think that will start in mid/late 2024.\n\nThis has been my thought as well, but I wasn't expecting the next push for ETFs this year. I'm starting to wonder if this will be the cycle when institutional money tries to front run the next halving. That could really drive up prices, and it could exacerbate the effect of the halving (because the halving lowers the incoming supply of new coins by cutting the block reward in half, which means the supply lowers with no correlation to what the market is doing. Even if demand stays flat, lower supply means higher prices).", '14go8ch'], ['u/AccidentalArbitrage', 11, '2023-06-23 21:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9biyu/', "> I'm starting to wonder if this will be the cycle when institutional money tries to front run the next halving.\n\nIt certainly could be. I spent almost all of 2022 buying up all of the despair. I'm locked and loaded and ready either way, just keeping my expectations in check!", '14go8ch'], ['u/_TROLL', 12, '2023-06-23 21:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9c35x/', '> bet on the exponential trend.\n\nThat works both ways, the exponential trend during 2022 was looking more like f(t) = e^-t 🤓', '14go8ch'], ['u/xlmtothemoon', 16, '2023-06-23 21:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9g6dv/', "this sub's entire existence now depends on wardser's liquidation", '14go8ch'], ['u/AccidentalArbitrage', 31, '2023-06-23 21:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9izxv/', 'He lost a ton of paper gains, opportunity cost, etc waiting for "sub $10k".\n\nAnyone trading this range successfully has made way more while wardser sat on this short.\n\nWardser is a good dude, and his strategy can work. But the reason he is infamous in this sub is because:\n\n1. He actually posts his trades\n2. He gets stopped out over and over (entertainment)\n3. He sticks to his guns and doesn\'t let other traders influence his decisions\n\nnot because he gets it right more often than others', '14go8ch'], ['u/PatientlyWaitingfy', 11, '2023-06-23 22:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9mlbu/', 'Oh hes going to lose alot this time. Short is 10x from 30k on the dot. SL is 32555 you do the math...', '14go8ch'], ['u/pluto098', 21, '2023-06-23 22:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9rbzl/', "seeing bitcoin rise is great but it's even sweeter seeing xrp sit still. Fuck that coin.", '14go8ch'], ['u/itsthesecans', 14, '2023-06-23 22:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9rg32/', 'It’s Friday. It’s been a good week. Have a drink. 🙂', '14go8ch'], ['u/Melow-Drama', 11, '2023-06-23 23:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9vhzd/', "Who doesn't like a man with balls and a plan. Well summarized!", '14go8ch']]], ['u/avaneev', 'Child porn NFTs on Bitcoin network?', 22, '2023-06-23 08:01', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/', 'This is just a hypothesis, but I know of no Bitcoin protocol which can censor contents of NFTs, be them images or MP4 videos.\n\nImagine a situation: a malevolent party invests a large sum of money into ruining a competing blockchain, by creating a variety of illegal porn NFTs. As a result, node owners as carriers of Bitcoin blockchain on harddisks of their computers now provably posses illegal porn, and moreover, become distributors of such porn. Police order and game over.', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/', '14gqfve', [['u/farsightxr20', 15, '2023-06-23 08:20', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/jp6xh29/', "1. There is already illegal content stored on the Bitcoin blockchain\n2. Most NFTs aren't hosted on-chain. The on-chain record is usually just a URL and sometimes a hash of the content, neither of which are illegal.", '14gqfve'], ['u/PixelCruiser', 28, '2023-06-23 15:52', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/jp816q4/', "Fuck everyone for downvoting OP because this is an interesting question - you could easily store copyrighted or illegal data on-chain on any blockchain and it poses a very interesting question on how it would be removed when it's baked into the chain. See if Disney and all their copyright lawyers can do anything about being able to publicly and easily download their copyrighted material from BSC.", '14gqfve']]], ['u/rBitcoinMod', 'Daily Discussion, June 23, 2023', 48, '2023-06-23 08:04', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14fwbzt/lightning_thursday_june_22_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/', '14gqibs', [['u/Llonga', 10, '2023-06-23 10:58', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp78y10/', 'Let’s push through 30 shall we?', '14gqibs'], ['u/WhiskeyTango311', 10, '2023-06-23 14:01', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp7o08j/', 'water', '14gqibs'], ['u/Altruistic_Baker_423', 12, '2023-06-23 14:54', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp7ttlr/', 'Still cheap. \n\nKeep DCAing.', '14gqibs'], ['u/HurricaneHarvey7', 11, '2023-06-23 17:04', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8ba78/', "If we pass $31k it's going to get crazy", '14gqibs'], ['u/Zwiada', 10, '2023-06-23 17:35', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8fuaa/', 'FOMO train, choo-choo!', '14gqibs'], ['u/ajhimmler', 16, '2023-06-23 17:37', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8g5cl/', 'There is no spoon. 🧘\u200d♀️', '14gqibs'], ['u/what_shes_having1', 10, '2023-06-23 17:44', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8h20g/', 'Yes - but can you answer me this: Wen Lambo?', '14gqibs'], ['u/JohnnyMofo', 18, '2023-06-23 17:44', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8h5vz/', 'Bitcoin wins! FATALITY', '14gqibs'], ['u/supersmoked420', 13, '2023-06-23 17:48', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8hrig/', "Where's my little roller coaster buddy?", '14gqibs'], ['u/LuKeNuKuM', 13, '2023-06-23 17:53', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8iep4/', "someone's got that Friday feeling", '14gqibs'], ['u/myheartgoesshalala', 17, '2023-06-23 17:54', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8ikpy/', "I feel good for some reason. Maybe it's cuz bitcoin is pumping?", '14gqibs'], ['u/atreyu051', 24, '2023-06-23 17:54', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8imzg/', 'Gradually then suddenly 🚀', '14gqibs'], ['u/moon_mane', 26, '2023-06-23 17:56', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8iuxd/', 'See you bois on the moon', '14gqibs'], ['u/NectarineDirect936', 10, '2023-06-23 18:01', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8jmut/', "Doubled my dca last week, feels good lol but well yeah, the only regret you'll have is you didn't buy more and i could pff lol", '14gqibs'], ['u/BigDeezerrr', 13, '2023-06-23 18:05', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8k69m/', "Glad I scooped some when it dipped under 30k yesterday 😀 Sad I didn't get more 😔", '14gqibs'], ['u/admiralCeres', 11, '2023-06-23 18:12', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8laei/', '🚀🚀🚀', '14gqibs'], ['u/BBQCopter', 13, '2023-06-23 18:12', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8lc7z/', 'Me = playing sick beat on bongos', '14gqibs'], ['u/RowSlow1706', 19, '2023-06-23 18:15', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8lpi3/', 'This... This... This is gentlemen.', '14gqibs'], ['u/MyAnusBleeding', 17, '2023-06-23 18:16', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8lwia/', '🎶Ground control to Major Tom…🎶', '14gqibs'], ['u/srpoke', 20, '2023-06-23 18:19', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8mdv3/', 'Ladies and Gentleman, We are at 52 weeks high. Weekend will be fun.', '14gqibs'], ['u/Coretron', 15, '2023-06-23 18:28', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8nosg/', "52 week high! I'm going to Disney world this weekend to celebrate. Enjoy this old banger as we sip whiskey and watch the charts. https://youtu.be/109WLnpYkqE", '14gqibs'], ['u/tsosa14', 10, '2023-06-23 18:53', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8ricb/', "*Pump up the jam, pump it up\n\nWhile your feet are stompin'\n\nAnd the jam is pumpin'\n\nLook ahead, the crowd is jumpin'\n\nPump it up a little more\n\nGet the party going on the dance floor\n\nSee, 'cause that's where the party's at\n\nAnd you'll find out if you do that*", '14gqibs'], ['u/Nibbler_Jack', 15, '2023-06-23 19:04', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8t4ut/', "Fuck it.. I'm buying more", '14gqibs'], ['u/Born_Cattle6575', 13, '2023-06-23 19:17', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8v30n/', "I'm going to the red lobster tonight. Going to turn in my apron. The thaw has begun.", '14gqibs'], ['u/bbrout', 13, '2023-06-23 19:23', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8vyus/', "You know, I have the feeling that if Bi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Photograph: Jon Nazca/Reuters A British man who took part in schemes to hack the Twitter accounts of celebrities, including Joe Biden and Elon Musk, was sentenced to five years in prison, the US attorney’s office announced on Friday. Related: Texas governor signs bill rescinding water breaks as deadly heat grips state Joseph James O’Connor, 24, pleaded guilty to cybercrime charges last month, nearly three years after he and others in his hacking group hijacked more than 130 Twitter accounts as part of a Bitcoin scam, including those of Apple, Uber, Kanye West, Bill Gates and Barack Obama. He also pleaded guilty to stealing $794,000 in virtual currency from a New York cryptocurrency company. O’Connor was arrested nearly two years ago in Spain for the July 2020 hack and extradited to the US in April. The charges he pleaded guilty to include conspiracy to commit computer intrusions, conspiracy to commit wire fraud and conspiracy to commit money laundering and stalking two victims, among others. Under the most serious of the charges, O’Connor faced up to 20 years in prison. In addition to serving five years in a US prison, O’Connor was also sentenced to three years of supervised release and ordered to pay $794,000. “O’Connor’s criminal activities were flagrant and malicious and his conduct impacted multiple people’s lives. He harassed, threatened and extorted his victims, causing substantial emotional harm,” Kenneth A Polite Jr, an assistant attorney general in the US justice department’s criminal division, said after O’Connor pleaded guilty last month. “Like many criminal actors, O’Connor tried to stay anonymous by using a computer to hide behind stealth accounts and aliases from outside the United States.” Two others have also been charged with federal crimes in the incident, including Nima Fazeli of Florida, and Mason Sheppard, who is from Bognor Regis in the UK. The alleged mastermind of the hacking group, the Florida teen Graham Ivan Clark, was sentenced to three years in juvenile prison in July 2021, the maximum allowed under state law. The attacks, which unfolded over the course of several hours in July 2020 , rocked Twitter and prompted the company to take the unprecedented measure of stopping all verified accounts from tweeting.', 'Photograph: Jon Nazca/Reuters A British man who took part in schemes to hack the Twitter accounts of celebrities, including Joe Biden and Elon Musk, was sentenced to five years in prison, the US attorney’s office announced on Friday. Related: Texas governor signs bill rescinding water breaks as deadly heat grips state Joseph James O’Connor, 24, pleaded guilty to cybercrime charges last month, nearly three years after he and others in his hacking group hijacked more than 130 Twitter accounts as part of a Bitcoin scam, including those of Apple, Uber, Kanye West, Bill Gates and Barack Obama. He also pleaded guilty to stealing $794,000 in virtual currency from a New York cryptocurrency company. O’Connor was arrested nearly two years ago in Spain for the July 2020 hack and extradited to the US in April. The charges he pleaded guilty to include conspiracy to commit computer intrusions, conspiracy to commit wire fraud and conspiracy to commit money laundering and stalking two victims, among others. Under the most serious of the charges, O’Connor faced up to 20 years in prison. In addition to serving five years in a US prison, O’Connor was also sentenced to three years of supervised release and ordered to pay $794,000. “O’Connor’s criminal activities were flagrant and malicious and his conduct impacted multiple people’s lives. He harassed, threatened and extorted his victims, causing substantial emotional harm,” Kenneth A Polite Jr, an assistant attorney general in the US justice department’s criminal division, said after O’Connor pleaded guilty last month. “Like many criminal actors, O’Connor tried to stay anonymous by using a computer to hide behind stealth accounts and aliases from outside the United States.” Two others have also been charged with federal crimes in the incident, including Nima Fazeli of Florida, and Mason Sheppard, who is from Bognor Regis in the UK. The alleged mastermind of the hacking group, the Florida teen Graham Ivan Clark, was sentenced to three years in juvenile prison in July 2021, the maximum allowed under state law. The attacks, which unfolded over the course of several hours in July 2020 , rocked Twitter and prompted the company to take the unprecedented measure of stopping all verified accounts from tweeting.', 'Warnings from the chemical sector on the outlook for earnings are piling up — just as worrying signs about global demand and economic growth begin to multiply across the board.\nJune has proved a bad month for chemical producers, with four European companies warning about their profit outlook for the rest of the year.This week, Lanxess joined Croda, K+S and Victrex in preparing investors for the impact of weak demand, tougher pricing, or destocking by customers. In the US, Cabot blamed softer global demand as it ditched its full-year forecast.\nWhether the worsening outlook for chemicals is a warning for the broader industrial or cyclical complex isn’t yet clear. But without substantial stimulus in China or signs that demand is picking up, caution could be warranted— especially at a time when optimistic investors have pushed their positioning in stocks back to elevated levels.\nIndustrial shares are usually closely correlated with chemicals and account for nearly 14% of the Stoxx 600, the largest sector weight in the European benchmark after health care. More broadly, economically driven cyclicals are about two-thirds of the market. Their earnings prospects are heavily linked to global growth, which has been driven by China for the past few years. But the Asian giant’s revival is faltering. In the past week, economists at Goldman Sachs, HSBC, Citi and Nomura are among those to have revised their China GDP growth forecasts lower for 2023, doubting that stimulus from Beijing could turn the tide.\n“Expectations have been too high about what China will be able to do on stimulus, as the Chinese government is more constrained compared to previous cycles relative to kick-starting the economy through just cutting interest rates or lowering reserve requirements for banks,”says Peter Garnry, head of equity strategy at Saxo Bank A/S.\nValuations remain a concern. The latest drop in chemical stocks has taken the premium on the sector’s price-to-earnings ratio over the broader European market back to its 10-year average of about 19%, after peaking at 40% last year. Industrials are still trading near a similar record premium of 40%, double the 10-year average.\nIn another worrying sign, troubles are expanding into the packaging sector, with Mayr-Melnhof Karton becoming the latest European company from the sector to issue a profit warning. This follows other paper and pulp sector warnings from companies including Billerud AB, UPM-Kymmene, and Stora Enso.\nEuropean cyclicals have brushed off weak macro-economic forecasts and surveys, thanks to hard data like GDP figures, which have held up well so far this year. Hopes of a soft landing and a peak in yields have supported stocks, while receding inflation has also helped.\nStill, other overall macro-economic readings give a less positive picture.Manufacturing PMIs remain in the doldrums, in sharp contrast with the expansion in services data this year. A debate rages over how this gap will close, with UBS strategists Gerry Fowler and Sutanya Chedda contending that services activity will be dragged lower.\n“European services new orders PMIs reversed quite sharply in May,” the UBS strategist say. “If this is a sign of emerging weakness in services demand, it could lead to more sector correlation and equity downside.”\n“The main disconnect that the market will need to grapple with revolves around the hopes of a soft landing, without much pain to profits, labor or credit, but at the same time the expectation that inflation will come down quickly,” says Vincent Rennella, Silex Investment Managers’ head of equity strategy, who is keeping his defensive stock allocation. “How can the consensus think that the worst of pressures is behind us, when the impact of monetary tightening historically worked with a lag, especially with a Fed that has not even stopped hiking?”\nBy Michael Msika, Bloomberg markets live reporter and strategist viaZerohedge.com\nMore Top Reads From Oilprice.com:\n• Rising Interest Rates And Inflation Threaten UK Manufacturing\n• Middle East Oil Prices Soar Amid Chinese Trading Frenzy\n• Can Quantum Computing Save Bitcoin From Itself?\nRead this article on OilPrice.com', 'Warnings from the chemical sector on the outlook for earnings are piling up — just as worrying signs about global demand and economic growth begin to multiply across the board. June has proved a bad month for chemical producers, with four European companies warning about their profit outlook for the rest of the year. This week, Lanxess joined Croda, K+S and Victrex in preparing investors for the impact of weak demand, tougher pricing, or destocking by customers . In the US, Cabot blamed softer global demand as it ditched its full-year forecast. Whether the worsening outlook for chemicals is a warning for the broader industrial or cyclical complex isn’t yet clear . But without substantial stimulus in China or signs that demand is picking up, caution could be warranted — especially at a time when optimistic investors have pushed their positioning in stocks back to elevated levels. Industrial shares are usually closely correlated with chemicals and account for nearly 14% of the Stoxx 600, the largest sector weight in the European benchmark after health care. More broadly, economically driven cyclicals are about two-thirds of the market. Their earnings prospects are heavily linked to global growth, which has been driven by China for the past few years. But the Asian giant’s revival is faltering. In the past week, economists at Goldman Sachs, HSBC, Citi and Nomura are among those to have revised their China GDP growth forecasts lower for 2023, doubting that stimulus from Beijing could turn the tide. “Expectations have been too high about what China will be able to do on stimulus, as the Chinese government is more constrained compared to previous cycles relative to kick-starting the economy through just cutting interest rates or lowering reserve requirements for banks,” says Peter Garnry, head of equity strategy at Saxo Bank A/S. Valuations remain a concern. The latest drop in chemical stocks has taken the premium on the sector’s price-to-earnings ratio over the broader European market back to its 10-year average of about 19%, after peaking at 40% last year. Industrials are still trading near a similar record premium of 40%, double the 10-year average. Story continues In another worrying sign, troubles are expanding into the packaging sector, with Mayr-Melnhof Karton becoming the latest European company from the sector to issue a profit warning. This follows other paper and pulp sector warnings from companies including Billerud AB, UPM-Kymmene, and Stora Enso. European cyclicals have brushed off weak macro-economic forecasts and surveys, thanks to hard data like GDP figures, which have held up well so far this year. Hopes of a soft landing and a peak in yields have supported stocks, while receding inflation has also helped. Still, other overall macro-economic readings give a less positive picture. Manufacturing PMIs remain in the doldrums, in sharp contrast with the expansion in services data this year . A debate rages over how this gap will close, with UBS strategists Gerry Fowler and Sutanya Chedda contending that services activity will be dragged lower. “European services new orders PMIs reversed quite sharply in May,” the UBS strategist say. “If this is a sign of emerging weakness in services demand, it could lead to more sector correlation and equity downside.” “The main disconnect that the market will need to grapple with revolves around the hopes of a soft landing, without much pain to profits, labor or credit, but at the same time the expectation that inflation will come down quickly,” says Vincent Rennella, Silex Investment Managers’ head of equity strategy, who is keeping his defensive stock allocation. “How can the consensus think that the worst of pressures is behind us, when the impact of monetary tightening historically worked with a lag, especially with a Fed that has not even stopped hiking?” By Michael Msika, Bloomberg markets live reporter and strategist via Zerohedge.com More Top Reads From Oilprice.com: Rising Interest Rates And Inflation Threaten UK Manufacturing Middle East Oil Prices Soar Amid Chinese Trading Frenzy Can Quantum Computing Save Bitcoin From Itself? Read this article on OilPrice.com', 'Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.', 'Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.', 'Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.', 'In May 2023, United States National Security Council spokesman John Kirby announced that Russia is looking to purchase additional Iranian drones and loitering munitions. Kyiv believes that Moscow already received around 2,400 units from its “brother in arms” and has already used over 400 of them in strikes against Ukrainian civilian centers and critical infrastructure (Ukrainska Pravda, May 15). US intelligence claims that, alongside drones, previous aid packages also included artillery and tank rounds. Although still awaiting final confirmation, leaked documents show that the parties recently signed a deal valued at around $1 billion for various munitions. The document claims that the agreement includes 40,000 122-millimeter (mm), 14,000 152-mm and 10,000 125-mm high-explosive rounds. The leaked document also provides evidence for the transfer of two 125-mm barrels for the T72 tank and two 122-mm barrels for howitzers (Ukrainska Pravda, June 5).\nAccording to Kirby, military assistance flows both ways between Russian and Iran, and open-source intelligence confirms that the aid packages now include the infamous Mohajer-6 drone, which is a multipurpose drone that can return to its base after each attack (Twitter/clashreport, June 7). This in turn provides for a “much more sustainable and flexible concept of operations” (seeTerrorism Monitor, June 9). As Ukraine has adapted rather well to Russian capabilities, Iranian systems provide Russian forces with a lifeline and fill in gaps left by Moscow’s decrepit defense industry. Tehran’s solutions are cheap, effective and expand the Kremlin’s strike package options. While efforts to ramp up national production have stalled, Russia is increasingly resorting to Iranian weapon systems, particularly drones, loitering munitions and potentially long-range missiles in the near future.\nRussia’s ongoing aggression against Ukraine has highlighted the mutual interests of Tehran and Moscow. Put simply, no matter the process, this alliance of convenience hopes for a defeated West. This rapprochement has gone hand-in-hand with burgeoning bilateral trade, strengthening military-strategic relations and a significant uptrend in defense-related transactions, with new deals on ammunition and artillery, as well as joint weapons production as illustrated by the plans for an Iranian drone production facility in Russia (seeEDM, March 6). Growing closer under their shared isolation from international markets, Moscow and Tehran are finding common ground for future collaboration in highly strategic segments including transportation, technology and energy (Caspian News, May 19). In this context, the remarkable 30-percent increase in bilateral trade between March 2022 and March 2023 is quite telling (Oreanda News, May 29).\nThus far, Russian military strategy has centered on high-tempo strikes and inflicting heavy damage on Ukraine’s critical infrastructure and population centers. In essence, the main aim of this strategy is to exhaust the morale of Ukrainian forces and pressure Kyiv to surrender. Providing the Kremlin with a low-cost, effective strike package, Iranian drones have become integral to this approach. As Ukraine receives high-end Western systems, such as long-range Storm Shadows and Leopard tanks, the Russians are pulling out all the stops, employing every military asset available, including the Kinzhal hypersonic missile, in high numbers (TSN, May 11). In May 2023, Ukraine announced that its armed forces had intercepted 300 Iranian loitering munitions, indicating that the threat of kamikaze drones launched from Russian territory remains very real (Independent Persian, May 28). And Kyiv claims that Moscow is increasingly resorting to drone strikes to slow and halt the Ukrainian counteroffensive. For example, on May 27, Russian forces launched an attack with 54 loitering munitions, 52 of which were intercepted by Ukrainian air defense systems (Unian, May 28).\nStill, despite the high interception rate, Moscow’s specific targeting of urban centers, civilian buildings and critical infrastructure make Iranian drones an important trend to monitor. According to US intelligence, Russia already received a new batch of Shaheed drones from Iran in early spring (identified by their distinctive markings) with more expected to be delivered in the near future (Babel.ua, April 20).\nAs this military assistance goes both ways, Moscow is providing Tehran with high-value, strategic assets, including Yak-130 combat training aircraft, attack helicopters and radar (Bahar News Iran, February 16). Open sources also claim that Russia and Iran reached a deal for Tehran’s procurement of Sukhoi-35 fighter jets (RBC, March 11). According to Iranian channels, the deal includes a full squadron featuring 24 aircraft (Mashregnews.ir, January 1). In gifting Iran the most sophisticated fighter jets it has received in the past five decades, Moscow will surely achieve strong leverage with Tehran for future military assistance.\nNevertheless, military aid between Russia and Iran is not the only consideration here. There is a bigger, and often overlooked aspect, of this cooperation—namely how this mutual assistance reaches its destination. Most military aid packages between the two countries are transported via two possible channels: private airlines (Iran International, December 15, 2022) and civilian cargo ships (Iranwire.com, February 13). Military ships and aircraft are easier to notice and track. It is much more difficult to accurately monitor the goods carried by every single civilian passenger aircraft or cargo vessel. Thus, hiding behind these routes allows Iran and Russia to significantly diminish the ability to regulate and track these shipments.\nRegarding sea transfers, the Caspian Sea looms large as a particular hotspot. The main reason behind the region’s particular attractiveness lies in the fact that it is surrounded by post-Soviet states. Open sources claim that trade relations between Iran and some of the littoral states, including Turkmenistan, are growing (seeEDM, June 7), which can effectively serve Russian-Iranian transfers via the Caspian.\nOpen-source intelligence points to a significant number of gaps in tracking data for Russian and Iranian ships in the Caspian Sea, especially after the third fiscal quarter of 2022. Between the second quarter of 2022 and the first quarter of 2023, the number of these ships increased from 694 to 2,024, including 63 blacklisted or blacklist-associated cargo ships (Lloydslist.maritimeintelligence.com, April 5). According to available data, these ships turned off their automated identification systems (AIS) to hide portions of their journeys, their destinations or any ship-to-ship transfers. Most of these ships turned off their AIS around Turkmenistan. Indeed, transit hubs, such as the Amirabad Port in Iran, the Astrakhan Port in Russia and the Turkmenbashi International Seaport, loom large as key dark spots to monitor.\nAdditionally, other potential wildcards should be high on the West’s watch list. The first worrying development is Moscow’s and Tehran’s joint drone and missile production factory in Russia, which is expected to become operational next year (Afintl.com, June 9). When it is finalized and functional, it will be a real headache for Ukraine and provide Russia with a secure supply of the military assets it need in a shorter amount of time (seeEDM, March 6). The second imminent threat will come this fall, with the expiration of the clause that restricts Iran’s export of long-range ballistic missiles. This will clear the legislative obstacles in front of Tehran’s transfer of such munitions to Moscow and provide significant support for Russia’s struggling defense industry and domestic missile production issues. Ultimately, besides the intensifying transactional relations between Russia and Iran, these strategic developments could cause additional troubles for Ukraine and the West, thus complicating the calculus of Ukrainian forces on the battlefield for months to come.\nBythe Jamestown Foundation\nMore Top Reads From Oilprice.com:\n• Middle East Oil Prices Soar Amid Chinese Trading Frenzy\n• Can Quantum Computing Save Bitcoin From Itself?\n• A Dark Cloud Is Looming Over Chemical Stocks\nRead this article on OilPrice.com', 'In May 2023, United States National Security Council spokesman John Kirby announced that Russia is looking to purchase additional Iranian drones and loitering munitions. Kyiv believes that Moscow already received around 2,400 units from its “brother in arms” and has already used over 400 of them in strikes against Ukrainian civilian centers and critical infrastructure ( Ukrainska Pravda , May 15). US intelligence claims that, alongside drones, previous aid packages also included artillery and tank rounds. Although still awaiting final confirmation, leaked documents show that the parties recently signed a deal valued at around $1 billion for various munitions. The document claims that the agreement includes 40,000 122-millimeter (mm), 14,000 152-mm and 10,000 125-mm high-explosive rounds. The leaked document also provides evidence for the transfer of two 125-mm barrels for the T72 tank and two 122-mm barrels for howitzers ( Ukrainska Pravda , June 5). According to Kirby, military assistance flows both ways between Russian and Iran, and open-source intelligence confirms that the aid packages now include the infamous Mohajer-6 drone, which is a multipurpose drone that can return to its base after each attack ( Twitter/clashreport , June 7). This in turn provides for a “much more sustainable and flexible concept of operations” (see Terrorism Monitor , June 9). As Ukraine has adapted rather well to Russian capabilities, Iranian systems provide Russian forces with a lifeline and fill in gaps left by Moscow’s decrepit defense industry. Tehran’s solutions are cheap, effective and expand the Kremlin’s strike package options. While efforts to ramp up national production have stalled, Russia is increasingly resorting to Iranian weapon systems, particularly drones, loitering munitions and potentially long-range missiles in the near future. Russia’s ongoing aggression against Ukraine has highlighted the mutual interests of Tehran and Moscow. Put simply, no matter the process, this alliance of convenience hopes for a defeated West. This rapprochement has gone hand-in-hand with burgeoning bilateral trade, strengthening military-strategic relations and a significant uptrend in defense-related transactions, with new deals on ammunition and artillery, as well as joint weapons production as illustrated by the plans for an Iranian drone production facility in Russia (see EDM , March 6). Growing closer under their shared isolation from international markets, Moscow and Tehran are finding common ground for future collaboration in highly strategic segments including transportation, technology and energy ( Caspian News , May 19). In this context, the remarkable 30-percent increase in bilateral trade between March 2022 and March 2023 is quite telling ( Oreanda News , May 29). Story continues Thus far, Russian military strategy has centered on high-tempo strikes and inflicting heavy damage on Ukraine’s critical infrastructure and population centers. In essence, the main aim of this strategy is to exhaust the morale of Ukrainian forces and pressure Kyiv to surrender. Providing the Kremlin with a low-cost, effective strike package, Iranian drones have become integral to this approach. As Ukraine receives high-end Western systems, such as long-range Storm Shadows and Leopard tanks, the Russians are pulling out all the stops, employing every military asset available, including the Kinzhal hypersonic missile, in high numbers ( TSN , May 11). In May 2023, Ukraine announced that its armed forces had intercepted 300 Iranian loitering munitions, indicating that the threat of kamikaze drones launched from Russian territory remains very real ( Independent Persian , May 28). And Kyiv claims that Moscow is increasingly resorting to drone strikes to slow and halt the Ukrainian counteroffensive. For example, on May 27, Russian forces launched an attack with 54 loitering munitions, 52 of which were intercepted by Ukrainian air defense systems ( Unian , May 28). Still, despite the high interception rate, Moscow’s specific targeting of urban centers, civilian buildings and critical infrastructure make Iranian drones an important trend to monitor. According to US intelligence, Russia already received a new batch of Shaheed drones from Iran in early spring (identified by their distinctive markings) with more expected to be delivered in the near future ( Babel.ua , April 20). As this military assistance goes both ways, Moscow is providing Tehran with high-value, strategic assets, including Yak-130 combat training aircraft, attack helicopters and radar ( Bahar News Iran , February 16). Open sources also claim that Russia and Iran reached a deal for Tehran’s procurement of Sukhoi-35 fighter jets ( RBC , March 11). According to Iranian channels, the deal includes a full squadron featuring 24 aircraft ( Mashregnews.ir , January 1). In gifting Iran the most sophisticated fighter jets it has received in the past five decades, Moscow will surely achieve strong leverage with Tehran for future military assistance. Nevertheless, military aid between Russia and Iran is not the only consideration here. There is a bigger, and often overlooked aspect, of this cooperation—namely how this mutual assistance reaches its destination. Most military aid packages between the two countries are transported via two possible channels: private airlines ( Iran International , December 15, 2022) and civilian cargo ships ( Iranwire.com , February 13). Military ships and aircraft are easier to notice and track. It is much more difficult to accurately monitor the goods carried by every single civilian passenger aircraft or cargo vessel. Thus, hiding behind these routes allows Iran and Russia to significantly diminish the ability to regulate and track these shipments. Regarding sea transfers, the Caspian Sea looms large as a particular hotspot. The main reason behind the region’s particular attractiveness lies in the fact that it is surrounded by post-Soviet states. Open sources claim that trade relations between Iran and some of the littoral states, including Turkmenistan, are growing (see EDM , June 7), which can effectively serve Russian-Iranian transfers via the Caspian. Open-source intelligence points to a significant number of gaps in tracking data for Russian and Iranian ships in the Caspian Sea, especially after the third fiscal quarter of 2022. Between the second quarter of 2022 and the first quarter of 2023, the number of these ships increased from 694 to 2,024, including 63 blacklisted or blacklist-associated cargo ships ( Lloydslist.maritimeintelligence.com , April 5). According to available data, these ships turned off their automated identification systems (AIS) to hide portions of their journeys, their destinations or any ship-to-ship transfers. Most of these ships turned off their AIS around Turkmenistan. Indeed, transit hubs, such as the Amirabad Port in Iran, the Astrakhan Port in Russia and the Turkmenbashi International Seaport, loom large as key dark spots to monitor. Additionally, other potential wildcards should be high on the West’s watch list. The first worrying development is Moscow’s and Tehran’s joint drone and missile production factory in Russia, which is expected to become operational next year ( Afintl.com , June 9). When it is finalized and functional, it will be a real headache for Ukraine and provide Russia with a secure supply of the military assets it need in a shorter amount of time (see EDM , March 6). The second imminent threat will come this fall, with the expiration of the clause that restricts Iran’s export of long-range ballistic missiles. This will clear the legislative obstacles in front of Tehran’s transfer of such munitions to Moscow and provide significant support for Russia’s struggling defense industry and domestic missile production issues. Ultimately, besides the intensifying transactional relations between Russia and Iran, these strategic developments could cause additional troubles for Ukraine and the West, thus complicating the calculus of Ukrainian forces on the battlefield for months to come. By the Jamestown Foundation More Top Reads From Oilprice.com: Middle East Oil Prices Soar Amid Chinese Trading Frenzy Can Quantum Computing Save Bitcoin From Itself? A Dark Cloud Is Looming Over Chemical Stocks Read this article on OilPrice.com', 'On Friday, a federal courtsentenced Joseph James O’Connerto five years in prison for his involvement in the2020 Twitter hack. Last month, the 24-year-old, known as PlugwalkJoe online,plead guiltyto a host of cyber crimes, including carrying out a SIM-swapping attack that targeted a TikTok account with millions of followers. The 2020 Twitter hack saw O’Conner and his co-perpetrators obtain access to the company’s backend and subsequently the accounts of Elon Musk, Bill Gates, Barack Obama and more than 100 other high-profile users. O’Conner netted $794,000 in the crypto scam that followed.\n"After stealing and fraudulently diverting the stolen cryptocurrency, O\'Connor and his co-conspirators laundered it through dozens of transfers and transactions and exchanged some of it for Bitcoin using cryptocurrency exchange services," the Justice Department said. "Ultimately, a portion of the stolen cryptocurrency was deposited into a cryptocurrency exchange account controlled by O\'Connor." In 2021, Graham Ivan Clark, the alleged teenage mastermind behind the breach,plead guiltyin return for a three-year prison sentence. In addition to his five-year sentence, O’Conner also faces three years of supervised release after his prison term. He must also forfeit the $794,000 he defrauded during the hack.', 'On Friday, a federal court sentenced Joseph James O’Conner to five years in prison for his involvement in the 2020 Twitter hack . Last month, the 24-year-old, known as PlugwalkJoe online, plead guilty to a host of cyber crimes, including carrying out a SIM-swapping attack that targeted a TikTok account with millions of followers. The 2020 Twitter hack saw O’Conner and his co-perpetrators obtain access to the company’s backend and subsequently the accounts of Elon Musk, Bill Gates, Barack Obama and more than 100 other high-profile users. O’Conner netted $794,000 in the crypto scam that followed. "After stealing and fraudulently diverting the stolen cryptocurrency, O\'Connor and his co-conspirators laundered it through dozens of transfers and transactions and exchanged some of it for Bitcoin using cryptocurrency exchange services," the Justice Department said. "Ultimately, a portion of the stolen cryptocurrency was deposited into a cryptocurrency exchange account controlled by O\'Connor." In 2021, Graham Ivan Clark, the alleged teenage mastermind behind the breach, plead guilty in return for a three-year prison sentence. In addition to his five-year sentence, O’Conner also faces three years of supervised release after his prison term. He must also forfeit the $794,000 he defrauded during the hack. This article contains affiliate links; if you click such a link and make a purchase, we may earn a commission.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $593,739,946,069 - Hash Rate: 379943751.2420316 - Transaction Count: 361437.0 - Unique Addresses: 683837.0 Social & AI Sentiment: - Fear & Greed Index: 0.62 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: While other investors piled out of Coinbase stock ( COIN ), Cathie Wood's Ark Invest cashed in. Wood’s flagship fund, the ARK Innovation ETF ( ARKK ), bought more than 400,000 shares of the crypto exchange on Tuesday, worth over $20 million as of yesterday's close, according to a daily trade notification. The purchase came on the heels of the Securities and Exchange Commission's (SEC) lawsuit against the crypto firm, which sent shares of Coinbase lower by as much as 16%. On Wednesday, Coinbase stock rebounded by more than 3% in afternoon trading following the revelation, while shares of ARKK were down by 1%. Wood has been a longtime proponent of crypto , and Ark Invest has largely continued to build its stake in Coinbase despite increased regulatory scrutiny (though it did sell some stock last July when the SEC announced its investigation into crypto exchange). On Tuesday, Ark saw another buying opportunity as Coinbase stock took a beating after the SEC expanded its crackdown on crypto. The SEC filed a lawsuit alleging Coinbase violated securities laws by operating its crypto asset trading platform as an unregistered securities exchange, broker, and clearing agency as well as by failing to register the offer and sale of its crypto asset staking-as-a-service program. Coinbase took to Twitter to defend itself against the SEC’s allegations. Co-founder and CEO Brian Armstrong outlined several points in response to the legal action, tweeting : "The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity." Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules. Remember: 1. The SEC reviewed our business and allowed us to become a public company in 2021. 2. There is no path to "come in and… — Brian Armstrong 🛡️ (@brian_armstrong) June 6, 2023 Mark Palmer, senior equity research analyst at Berenberg Capital Markets, told Yahoo Finance (video above) that the crackdown on Coinbase shouldn't have come as a surprise and that "the upshot here is that the dragnet that the SEC has put out against crypto continues." Story continues SEC comes for crypto Coinbase isn't the only big player landing in the crosshairs of federal regulators; the action by the SEC marks the second time in as many days that the agency has leveled legal charges against crypto companies. On Monday, the target was Coinbase's rival Binance. The SEC filed a complaint alleging that Binance operated illegal platforms to offer and sell crypto asset securities to US investors, among other violations. The SEC followed up its action against Binance on Tuesday evening by seeking a court order to freeze and repatriate the assets of two of its units. Cathie Wood, CEO of Ark Invest, speaks during a panel discussion at a Bitcoin Conference, April 7, 2022, in Miami Beach, Fla. (AP Photo/Rebecca Blackwell) (ASSOCIATED PRESS) Regulators have followed through with their threat of cracking down on crypto, particularly in the wake of the collapse of FTX in November 2022. At the heart of the issue, crypto players argue that tokens are not securities, whereas the SEC disagrees. "The one thing that was a bit of a twist [in the Coinbase lawsuit] is the fact that the SEC focused on 13 tokens in particular that it identified as securities that Coinbase trades," Palmer said. "Big names in there — solana, cardano, polygon, as well as 10 others that are less well known." While the enforcement actions are not "ideal," according to Moffett Nathanson Partner Lisa Ellis, they are a "necessary" step toward crypto adoption. "We've needed regulatory clarity in the United States for many years now," Ellis told Yahoo Finance Live. "And the SEC in some ways has been sort of holding the industry hostage over the last year, year and a half by sort of trickling out these enforcement actions but not having a constructive dialogue about what issues they're really concerned about or not and kind of narrowing that and moving it forward in terms of establishing the right set of regulations." Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Investing.com -- Inflation data from the U.S. and the eurozone will help shape expectations for interest rates while central bankers gather in Portugal for the European Central Bank’s annual forum. Economic data out of China will also be in the spotlight as the recovery in the world’s number two economy falters, and events in Russia will also be closely watched after an attempted insurrection challenged President Vladimir Putin\'s grip on power.\nInvestors will get a fresh update on the possible future path of interest rates on Friday with the release of May data on the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge.\nIn the 12 months through April, thePCE price indexas well as thecore ratewere still running well above the Fed’s 2% target.\nThe inflation numbers will feed into investor expectations around the central bank\'s next rate decision in July after it paused rate hikes at its June meeting but signaled that more hikes lie ahead.\nPrior to that, the latestconsumer confidencereport is due out Tuesday after the index hit a six-month low in May. June\'s index is expected to tick higher.\nTheCase-Shiller national home price indexis also due for release on Tuesday. The index climbed 0.4% in March after adjusting for seasonal fluctuations.\nThe second quarter of what has been a turbulent year so far for markets is ending. The year started with a burst of optimism over China\'s post-COVID recovery, greater resilience in the global economy; and relief that inflation could have peaked.\nSince then, a U.S. banking crisis, the collapse of Credit Suisse, and the struggle to rein in inflation has made the last six months feel like a long time in markets.\nThe hype around artificial intelligence (AI) has made Big Tech the best-performing asset of 2023, with a gain of 75%. But it\'s been difficult year for the rest of the market, other than in specific pockets such as Japanese equities and European luxury stocks.\nSurprisingly, considering the turmoil in the sector, the only asset to even come close to Big Tech\'s returns is Bitcoin, which saw a gain of 73% compared with a 20% loss in H2 2022.\nThe eurozone is to releasepreliminary inflation datafor June on Friday. And while the headline rate of inflation is expected to moderate,underlying inflationis expected to tick higher, underlining the challenge facing the ECB.\nECB President Christine Lagarde struck a more hawkish tone than expected following the bank\'s most recent policy meeting, reiterating that rates would need to be increased again in order to bring inflation down to the ECB\'s 2% target and that they "will be kept at those levels for as long as necessary."\nTraders are now betting on a July hike by the ECB and expect another move by October that would bring rates to 4%.\nInvestors will get a chance to hear from Lagarde, along with Fed Chair Jerome Powell and other global central bank heads, at a panel discussion at the ECB’s annual forum in Sintra, Portugal on Wednesday. Inflation is likely to be front and center during that exchange.\nChina is to releasepurchasing manager indexesfor June on Friday, with the data expected to add to the narrative that the recovery in the world’s second-largest economy is losing momentum.\nChina cut its key lending benchmarks last week as authorities attempted to shore up growth, but concerns about the property market meant the easing was not as large as expected.\nBad news could be taken as a positive, if traders see it as a way of pushing authorities to offer more support to the economy - as long as it eventually arrives.\nBut if hopes are running high, patience is wearing thin: Several global investment banks cut their 2023 gross domestic product growth forecasts for China after May economic data missed forecasts.\nInvestors will be keeping an eye on developments in Russia amid concerns over the potential impact on safe-haven assets such as U.S. Treasuries, and on commodities prices, after an attempted insurrection on Saturday.\nRussian mercenariesled by Yevgeny Prigozhin, a former ally of Putin and founder of the Wagner army, advanced most of the way to Moscow after capturing the city of Rostov before they abruptly halted their approach.\n"It certainly remains to be seen what happens in the next day or two, but if there remains uncertainty about leadership in Russia, investors may flock to safe havens," Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York, told Reuters.\nGoldberg said that despite the deescalation, "investors may remain nervous about subsequent instability, and could remain cautious."\nOther analysts saw little reaction as the situation seemed defused. Rich Steinberg, chief market strategist at the Colony Group in Boca Raton, Florida, told Reuters that "markets will kind of treat this as another geopolitical risk" and "some frayed nerves were calmed in the short run" by the deescalation.\n--Reuters contributed to this report\nRelated Articles\nTop 5 things to watch in markets in the week ahead\nThai rates still low, tightening to be gradual, says central bank official\nBIS warns world economy at critical juncture in inflation fight', 'Investing.com -- Inflation data from the U.S. and the eurozone will help shape expectations for interest rates while central bankers gather in Portugal for the European Central Bank’s annual forum. Economic data out of China will also be in the spotlight as the recovery in the world’s number two economy falters, and events in Russia will also be closely watched after an attempted insurrection challenged President Vladimir Putin\'s grip on power. 1. U.S. data Investors will get a fresh update on the possible future path of interest rates on Friday with the release of May data on the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. In the 12 months through April, the PCE price index as well as the core rate were still running well above the Fed’s 2% target. The inflation numbers will feed into investor expectations around the central bank\'s next rate decision in July after it paused rate hikes at its June meeting but signaled that more hikes lie ahead. Prior to that, the latest consumer confidence report is due out Tuesday after the index hit a six-month low in May. June\'s index is expected to tick higher. The Case-Shiller national home price index is also due for release on Tuesday. The index climbed 0.4% in March after adjusting for seasonal fluctuations. 2. First half drawing to a close The second quarter of what has been a turbulent year so far for markets is ending. The year started with a burst of optimism over China\'s post-COVID recovery, greater resilience in the global economy; and relief that inflation could have peaked. Since then, a U.S. banking crisis, the collapse of Credit Suisse, and the struggle to rein in inflation has made the last six months feel like a long time in markets. The hype around artificial intelligence (AI) has made Big Tech the best-performing asset of 2023, with a gain of 75%. But it\'s been difficult year for the rest of the market, other than in specific pockets such as Japanese equities and European luxury stocks. Story continues Surprisingly, considering the turmoil in the sector, the only asset to even come close to Big Tech\'s returns is Bitcoin, which saw a gain of 73% compared with a 20% loss in H2 2022. 3. Eurozone inflation The eurozone is to release preliminary inflation data for June on Friday. And while the headline rate of inflation is expected to moderate, underlying inflation is expected to tick higher, underlining the challenge facing the ECB. ECB President Christine Lagarde struck a more hawkish tone than expected following the bank\'s most recent policy meeting, reiterating that rates would need to be increased again in order to bring inflation down to the ECB\'s 2% target and that they "will be kept at those levels for as long as necessary." Traders are now betting on a July hike by the ECB and expect another move by October that would bring rates to 4%. Investors will get a chance to hear from Lagarde, along with Fed Chair Jerome Powell and other global central bank heads, at a panel discussion at the ECB’s annual forum in Sintra, Portugal on Wednesday. Inflation is likely to be front and center during that exchange. 4. China PMIs China is to release purchasing manager indexes for June on Friday, with the data expected to add to the narrative that the recovery in the world’s second-largest economy is losing momentum. China cut its key lending benchmarks last week as authorities attempted to shore up growth, but concerns about the property market meant the easing was not as large as expected. Bad news could be taken as a positive, if traders see it as a way of pushing authorities to offer more support to the economy - as long as it eventually arrives. But if hopes are running high, patience is wearing thin: Several global investment banks cut their 2023 gross domestic product growth forecasts for China after May economic data missed forecasts. 5. Russia turmoil Investors will be keeping an eye on developments in Russia amid concerns over the potential impact on safe-haven assets such as U.S. Treasuries, and on commodities prices, after an attempted insurrection on Saturday. Russian mercenaries led by Yevgeny Prigozhin, a former ally of Putin and founder of the Wagner army, advanced most of the way to Moscow after capturing the city of Rostov before they abruptly halted their approach. "It certainly remains to be seen what happens in the next day or two, but if there remains uncertainty about leadership in Russia, investors may flock to safe havens," Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York, told Reuters. Goldberg said that despite the deescalation, "investors may remain nervous about subsequent instability, and could remain cautious." Other analysts saw little reaction as the situation seemed defused. Rich Steinberg, chief market strategist at the Colony Group in Boca Raton, Florida, told Reuters that "markets will kind of treat this as another geopolitical risk" and "some frayed nerves were calmed in the short run" by the deescalation. --Reuters contributed to this report Related Articles Top 5 things to watch in markets in the week ahead Thai rates still low, tightening to be gradual, says central bank official BIS warns world economy at critical juncture in inflation fight', 'Investing.com -- Here is your weekly Pro Recap of the past week\'s biggest headlines in the electric vehicle space: Tesla’s charging network extends national reach; China extends EV tax breaks; and Ford scores historic $9.2B loan. Get EV news like this in real time with InvestingPro . Rivian and others join Tesla\'s charging standard Tesla\'s (NASDAQ:TSLA) third week of June started strong with American electric automotive startup Rivian (NASDAQ:RIVN) announcing its decision to adopting Tesla’s North American Charging Standard (NACS), allowing Rivian drivers access to Tesla’s Supercharger network across the United States and Canada. Rivian joins fellow Michigan-based automakers Ford (NYSE:F) and General Motors (NYSE:GM), which also recently announced deals with Tesla to gain access to Superchargers. “We’re excited to work with Tesla and to see collaborations like this help advance the world toward carbon neutrality.” Said Rivian CEO RJ Scaringe. “The adoption of the North American Charging Standard will enable our existing and future customers to leverage Tesla’s expansive Supercharger network while we continue to build out our Rivian Adventure Network. We look forward to continuing to find new ways to accelerate EV adoption.” Rivian wasn’t the only adopter of the Tesla standard this week. Not long after Rivian’s announcement, privately owned BTC Power, a California-based EV charger manufacturer, revealed that it will also adopt the NACS to its EV chargers starting next year. The move follows similar ones at several rival charging companies, among them ChargePoint (NYSE:CHPT) and Evgo (NASDAQ:EVGO). "By including the NACS connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said. Analysts and investors alike are awaiting the next wave of Tesla standard adopters. Stellantis (NYSE:STLA) has been quiet since revealing that they are considering their choices on the matter. Story continues Hyundai (OTC:HYMLY) held its 2023 CEO Investor Day on Tuesday where CEO Jaehoon Chang revealed that the South Korean automaker is also considering adopting the charge port, but he stopped short as the company says they are taking the time to consider whether the switch would be in their customers’ best interest. One issue, Chang said, is that Tesla\'s current network of Superchargers does not allow for the faster charging Hyundai\'s EVs can achieve on other chargers. "That\'s what we will look into from the customer\'s perspective," Chang told analysts at the automaker\'s investor day. Chang told investors that Hyundai would consult with Tesla to determine whether adjustments could be made to its charging system for Hyundai customers so they can charge faster. Also on Tuesday, the Texas Department of Transportation announced the state would require EV charging companies to include both Tesla\'s standard as well as the nationally recognized CCS. According to the department, all charging manufacturers building EV chargers for the state of Texas will be required to include both connections on their units if they expect to be part of a state program to electrify highways using federal dollars. "The decision by Ford, GM, and now Rivian to adopt NACS changed requirements for Phase 1" of the rollout, the Texas Department of Transportation said in an email Tuesday. China\'s extended tax policy energizes EV stocks Shares of Chinese EV names Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and Xpeng Inc (NYSE:XPEV) saw a boost in trading on Wednesday after China extended a tax exemption policy for new energy vehicles (NEVs). According to the latest policy, the purchase tax for NEVs will receive exemptions for purchases made during the period of 2024-2025. For purchases made between 2026 and 2027, the tax will be cut in half to just 5%. Additionally, the tax exemption amount per car should not exceed RMB30k during the 2024-2025 period and should not exceed RMB15k per car in the 2026-2027 period. Back in September 2014, China started giving NEVs a break from the purchase tax to encourage their growth. The policy was supposed to end in 2017, but it was extended until the end of 2020, and then again in April 2020, this time until the end of 2022. In September 2022, the government dropped the news that the tax exemption for NEVs will keep rolling until the end of 2023. Ford\'s historic subsidy boosts US EV production Ford has secured one of largest automotive industry subsidies in U.S. history to boost EV production, part of the Biden administration’s efforts to compete with Chinese manufacturing. The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford and South Korea\'s SK On to help build three battery plants in Tennessee and Kentucky - the biggest-ever award from the government program. This is the sixth loan for battery supply chain projects from the ATVM program. Tesla received a $465 million loan in 2010 from the program that allowed it to open a plant in Fremont, California, and build the Model S electric car. It repaid the loan in 2013. The head of the Energy Department\'s Loan Programs Office, Jigar Shah, said in an interview that the department’s goal "is to have people choose to put these supply chains here in the United States, not in other countries, and to do them faster and more confidently here." The project is expected to create 5,000 construction jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running. "Major technology transitions have always been accelerated by collaboration between the public and private sectors," said Ford Treasurer Dave Webb. BlueOval SK CEO Robert Rhee said the loan will be used to "strengthen critical domestic supply chains, and produce high-quality batteries for future Ford and Lincoln electric vehicles." It wasn’t all good news for Ford this week. On Wednesday, it was reported that the automaker is preparing to initiate another round of layoffs in the coming weeks. The exact number of people that Ford plans to let go is unknown. However, according to insiders, it is expected that the layoffs will affect employees in Ford\'s gas-engine division, as well as its EV and software department teams. They are expected to mostly include U.S. salaried workers. Get ready to supercharge your investment strategy with our exclusive discounts. Don\'t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won\'t last forever! Related Articles This week in EVs: Tesla Supercharger network picks up more momentum Lofty valuations on US stocks a growing worry for investors Russia back in investors\' focus after weekend mutiny', 'Investing.com -- Here is your weekly Pro Recap of the past week\'s biggest headlines in the electric vehicle space: Tesla’s charging network extends national reach; China extends EV tax breaks; and Ford scores historic $9.2B loan. Get EV news like this in real time with InvestingPro . Rivian and others join Tesla\'s charging standard Tesla\'s (NASDAQ:TSLA) third week of June started strong with American electric automotive startup Rivian (NASDAQ:RIVN) announcing its decision to adopting Tesla’s North American Charging Standard (NACS), allowing Rivian drivers access to Tesla’s Supercharger network across the United States and Canada. Rivian joins fellow Michigan-based automakers Ford (NYSE:F) and General Motors (NYSE:GM), which also recently announced deals with Tesla to gain access to Superchargers. “We’re excited to work with Tesla and to see collaborations like this help advance the world toward carbon neutrality.” Said Rivian CEO RJ Scaringe. “The adoption of the North American Charging Standard will enable our existing and future customers to leverage Tesla’s expansive Supercharger network while we continue to build out our Rivian Adventure Network. We look forward to continuing to find new ways to accelerate EV adoption.” Rivian wasn’t the only adopter of the Tesla standard this week. Not long after Rivian’s announcement, privately owned BTC Power, a California-based EV charger manufacturer, revealed that it will also adopt the NACS to its EV chargers starting next year. The move follows similar ones at several rival charging companies, among them ChargePoint (NYSE:CHPT) and Evgo (NASDAQ:EVGO). "By including the NACS connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said. Analysts and investors alike are awaiting the next wave of Tesla standard adopters. Stellantis (NYSE:STLA) has been quiet since revealing that they are considering their choices on the matter. Story continues Hyundai (OTC:HYMLY) held its 2023 CEO Investor Day on Tuesday where CEO Jaehoon Chang revealed that the South Korean automaker is also considering adopting the charge port, but he stopped short as the company says they are taking the time to consider whether the switch would be in their customers’ best interest. One issue, Chang said, is that Tesla\'s current network of Superchargers does not allow for the faster charging Hyundai\'s EVs can achieve on other chargers. "That\'s what we will look into from the customer\'s perspective," Chang told analysts at the automaker\'s investor day. Chang told investors that Hyundai would consult with Tesla to determine whether adjustments could be made to its charging system for Hyundai customers so they can charge faster. Also on Tuesday, the Texas Department of Transportation announced the state would require EV charging companies to include both Tesla\'s standard as well as the nationally recognized CCS. According to the department, all charging manufacturers building EV chargers for the state of Texas will be required to include both connections on their units if they expect to be part of a state program to electrify highways using federal dollars. "The decision by Ford, GM, and now Rivian to adopt NACS changed requirements for Phase 1" of the rollout, the Texas Department of Transportation said in an email Tuesday. China\'s extended tax policy energizes EV stocks Shares of Chinese EV names Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and Xpeng Inc (NYSE:XPEV) saw a boost in trading on Wednesday after China extended a tax exemption policy for new energy vehicles (NEVs). According to the latest policy, the purchase tax for NEVs will receive exemptions for purchases made during the period of 2024-2025. For purchases made between 2026 and 2027, the tax will be cut in half to just 5%. Additionally, the tax exemption amount per car should not exceed RMB30k during the 2024-2025 period and should not exceed RMB15k per car in the 2026-2027 period. Back in September 2014, China started giving NEVs a break from the purchase tax to encourage their growth. The policy was supposed to end in 2017, but it was extended until the end of 2020, and then again in April 2020, this time until the end of 2022. In September 2022, the government dropped the news that the tax exemption for NEVs will keep rolling until the end of 2023. Ford\'s historic subsidy boosts US EV production Ford has secured one of largest automotive industry subsidies in U.S. history to boost EV production, part of the Biden administration’s efforts to compete with Chinese manufacturing. The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford and South Korea\'s SK On to help build three battery plants in Tennessee and Kentucky - the biggest-ever award from the government program. This is the sixth loan for battery supply chain projects from the ATVM program. Tesla received a $465 million loan in 2010 from the program that allowed it to open a plant in Fremont, California, and build the Model S electric car. It repaid the loan in 2013. The head of the Energy Department\'s Loan Programs Office, Jigar Shah, said in an interview that the department’s goal "is to have people choose to put these supply chains here in the United States, not in other countries, and to do them faster and more confidently here." The project is expected to create 5,000 construction jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running. "Major technology transitions have always been accelerated by collaboration between the public and private sectors," said Ford Treasurer Dave Webb. BlueOval SK CEO Robert Rhee said the loan will be used to "strengthen critical domestic supply chains, and produce high-quality batteries for future Ford and Lincoln electric vehicles." It wasn’t all good news for Ford this week. On Wednesday, it was reported that the automaker is preparing to initiate another round of layoffs in the coming weeks. The exact number of people that Ford plans to let go is unknown. However, according to insiders, it is expected that the layoffs will affect employees in Ford\'s gas-engine division, as well as its EV and software department teams. They are expected to mostly include U.S. salaried workers. Get ready to supercharge your investment strategy with our exclusive discounts. Don\'t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won\'t last forever! Related Articles This week in EVs: Tesla Supercharger network picks up more momentum Lofty valuations on US stocks a growing worry for investors Russia back in investors\' focus after weekend mutiny', 'Some of the biggest names in finance are making new bets on cryptocurrencies, adding competition and momentum to an upstart industry that is under increasing pressure from US regulators. The world\'s largest money manager, BlackRock ( BLK ), wants to start a new exchange-traded fund that would use bitcoin as an underlying asset . Two other sizable money managers, Fidelity Investments and Charles Schwab ( SCHW ), are backing a new cryptocurrency exchange with Citadel Securities. And one of the world\'s biggest lenders, Deutsche Bank, wants to operate a crypto custody business that would hold digital assets for its clients. These endorsements from institutions that have a track record on Wall Street are helping to push the value of cryptocurrencies higher, especially bitcoin ( BTC-USD ). The world’s largest cryptocurrency rose to its highest price in a year on Friday, to $31,389, after climbing above $30,000 for the first time since April. Through Friday bitcoin had risen 81% year to date. Other cryptocurrencies also surged this week, including ether ( ETH-USD ) and Avalanche\'s AVAX ( AVAX-USD ) token. The total market capitalization for crypto assets reached $1.2 trillion on Friday, 14% higher than where it stood a week earlier. Rising peril This new interest from mainstream financial institutions comes at a time of rising peril for an industry that struggled to regain its footing following the 2022 implosion of cryptocurrency exchange FTX and the regulatory crackdown that followed. The Securities and Exchange Commission earlier this month filed lawsuits against the biggest crypto exchanges in the US and the world, Coinbase ( COIN ) and Binance , alleging they both allowed digital currencies to trade on their platforms that should have been registered with the agency. That stoked new concerns that it could become more difficult to trade certain digital assets. Since the beginning of 2023 the SEC has charged 15 different crypto actors with violating securities laws. Story continues A surprise turnaround in sentiment about the industry started June 15, when BlackRock, which controls more than $9 trillion in assets, filed paperwork with the SEC to create a spot bitcoin exchange-traded fund. Such a fund would be tagged to the value of the original digital asset instead of merely tracking bitcoin futures. Coinbase would be the custodian for the bitcoin holdings. "I think there\'s an element of — we need institutional custodians to step in and play roles and participate in digital token economies," BlackRock’s head of strategic partnerships Joseph Chalom said Thursday at the Coinbase State of Crypto Summit in partnership with the FT. The value of bitcoin soared on the announcement. Other institutional players such as Invesco and Wisdom Tree Investments quickly followed by renewing spot bitcoin ETF applications they had previously submitted to regulators. The efforts still face a significant hurdle. The SEC has denied 27 prior applications to create spot bitcoin ETFs since 2013, arguing the products are vulnerable to market manipulation. Wisdom Tree, in fact, was turned away in 2021. One asset manager, Grayscale Investments, is suing the SEC because it wasn\'t allowed to convert its Grayscale Bitcoin Trust ( GBTC ) into a spot bitcoin offering. \'Conflicts of interest\' Another catalyst for the industry came this week when a new cryptocurrency exchange that has backing from Citadel, Fidelity and Charles Schwab said it had begun executing trades. The venture, EDX Markets, began discussing its plans in late 2022 and touting itself as an operation that would "remove significant conflicts of interest that affect existing cryptocurrency exchanges." It made the same point again last week, citing a "non-custodial model designed to mitigate conflicts of interest." It won\'t handle digital assets owned by customers, instead running a marketplace where buyers and sellers deal with each other directly. As part of FTX\'s collapse last year it was revealed that an affiliated trading firm used customer assets to make its own trades. The SEC has also alleged that Binance misused customer funds, a charge Binance denies. Securities and Exchange Commission Chairman Gary Gensler. (AP Photo/Jacquelyn Martin, File) (ASSOCIATED PRESS) Earlier this month SEC Chair Gary Gensler said in a briefing with reporters that a standard business model for crypto exchanges is "built on conflicts," "limited disclosure” and “at times deception." Jamil Nazarali, CEO of EDX, said in an interview that "FTX just validated our business model." What EDC is doing, he added, is "taking the best of the digital world, 24 by seven trading, many of the innovations of blockchain and combining it with the investor protections in traditional finance." EDX says it will offer trading in just four cryptocurrencies—bitcoin, ether, litecoin and bitcoin cash. None of those assets have been deemed securities by the SEC, allowing EDX to potentially sidestep some of the problems encountered by Coinbase and Binance. Together those exchanges allow the trading of 19 digital currencies that the SEC has labeled as securities, meaning they need to be registered with the agency. In total the agency has designated 55 cryptocurrencies as securities in various lawsuits, according to data compiled by Cryptorank.io. Coinbase is fighting the suit and denies the SEC\'s claims. On Thursday its CEO Brian Armstrong did not sound worried while speaking at a crypto conference in New York. Coinbase CEO Brian Armstrong. (Photo by Steven Ferdman/Getty Images) (Steven Ferdman via Getty Images) Instead he said in the next five to seven years the Coinbase platform could turn into a "superapp\' like WeChat, which is used in Asia for everything from messaging to banking to ordering food. "Despite some negative rhetoric, headlines, this industry is moving forward," he said. Roger Bayston, head of digital assets for Franklin Templeton, said the scrutiny from regulators is necessary. "\u200b\u200bAs much as it\'s been bumpy, regulatory clarity really is clearing the decks for the adoption of standards that will allow capital to flow," he told Yahoo Finance. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance', 'Some of the biggest names in finance are making new bets on cryptocurrencies, adding competition and momentum to an upstart industry that is under increasing pressure from US regulators.\nThe world\'s largest money manager, BlackRock (BLK),wants to start a new exchange-traded fund that would use bitcoin as an underlying asset.\nTwo other sizable money managers,Fidelity Investments and Charles Schwab(SCHW), are backing a newcryptocurrency exchangewith Citadel Securities.\nAnd one of the world\'s biggest lenders, Deutsche Bank, wants to operate a crypto custody business that would hold digital assets for its clients.\nThese endorsements from institutions that have a track record on Wall Streetare helping to push the value of cryptocurrencies higher,especially bitcoin (BTC-USD).\nThe world’s largest cryptocurrency rose to its highest price in a year on Friday, to $31,389, after climbing above $30,000 for the first time since April. Through Friday bitcoin had risen 81% year to date.\nOther cryptocurrencies also surged this week, including ether (ETH-USD) and Avalanche\'s AVAX (AVAX-USD) token.\nThe total market capitalization for crypto assets reached $1.2 trillion on Friday, 14% higher than where it stood a week earlier.\nThis new interest from mainstream financial institutions comes at a time of rising peril for an industry that struggled to regain its footing followingthe 2022 implosion of cryptocurrency exchange FTXand the regulatory crackdown that followed.\nThe Securities and Exchange Commission earlier this month filed lawsuits against the biggest crypto exchanges in the US and the world,Coinbase(COIN) andBinance, alleging they both allowed digital currencies to trade on their platforms that should have been registered with the agency.\nThat stoked new concerns that it could become more difficult to trade certain digital assets. Since the beginning of 2023 the SEC has charged 15 different crypto actors with violating securities laws.\nA surprise turnaround in sentiment about the industry started June 15, when BlackRock, which controls more than $9 trillion in assets,filed paperwork with the SECto create a spot bitcoin exchange-traded fund.\nSuch a fund would be tagged to the value of the original digital asset instead of merely tracking bitcoin futures. Coinbase would be the custodian for the bitcoin holdings.\n"I think there\'s an element of — we need institutional custodians to step in and play roles and participate in digital token economies," BlackRock’s head of strategic partnerships Joseph Chalom said Thursday at the Coinbase State of Crypto Summit in partnership with the FT.\nThe value of bitcoin soared on the announcement. Other institutional players such as Invesco and Wisdom Tree Investments quickly followed by renewing spot bitcoin ETF applications they had previously submitted to regulators.\nThe efforts still face a significant hurdle. The SEC has denied 27 prior applications to create spot bitcoin ETFs since 2013, arguing the products are vulnerable to market manipulation.\nWisdom Tree, in fact, was turned away in 2021. One asset manager, Grayscale Investments, is suing the SEC because it wasn\'t allowed to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin offering.\nAnother catalyst for the industry came this week when a new cryptocurrency exchange that has backing from Citadel, Fidelity and Charles Schwab said it had begun executing trades.\nThe venture, EDX Markets, began discussing its plans in late 2022 and touting itself as an operation that would "remove significant conflicts of interest that affect existing cryptocurrency exchanges."\nIt made the same point again last week, citing a "non-custodial model designed to mitigate conflicts of interest." It won\'t handle digital assets owned by customers, instead running a marketplace where buyers and sellers deal with each other directly.\nAs part of FTX\'s collapse last year it was revealed that an affiliated trading firm used customer assets to make its own trades. The SEC has also alleged that Binance misused customer funds, a charge Binance denies.\nEarlier this month SEC Chair Gary Gensler said in a briefing with reporters that a standard business model for crypto exchanges is "built on conflicts," "limited disclosure” and “at times deception."\nJamil Nazarali, CEO of EDX, said in an interview that "FTX just validated our business model." What EDC is doing, he added, is "taking the best of the digital world, 24 by seven trading, many of the innovations of blockchain and combining it with the investor protections in traditional finance."\nEDX says it will offer trading in just four cryptocurrencies—bitcoin, ether, litecoin and bitcoin cash. None of those assets have been deemed securities by the SEC, allowing EDX to potentially sidestep some of the problems encountered by Coinbase and Binance.\nTogether those exchanges allow the trading of 19 digital currencies that the SEC has labeled as securities, meaning they need to be registered with the agency. In total the agency has designated 55 cryptocurrencies as securities in various lawsuits, according to data compiled by Cryptorank.io.\nCoinbase is fighting the suit and denies the SEC\'s claims. On Thursday its CEO Brian Armstrong did not sound worried while speaking at a crypto conference in New York.\nInstead he said in the next five to seven years the Coinbase platform could turn into a "superapp\' like WeChat, which is used in Asia for everything from messaging to banking to ordering food.\n"Despite some negative rhetoric, headlines, this industry is moving forward," he said.\nRoger Bayston, head of digital assets for Franklin Templeton, said the scrutiny from regulators is necessary.\n"\u200b\u200bAs much as it\'s been bumpy, regulatory clarity really is clearing the decks for the adoption of standards that will allow capital to flow," he told Yahoo Finance.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance', 'Hong Kong, China--(Newsfile Corp. - June 25, 2023) - In an effort to take advantage of the emerging crypto market growth in China and Hong Kong, Rimaunangis Token (RXT) has partnered with Bitcoin Man. This collaborative project was officially launched on June 22, 2023 in Dragon I Lounge Hongkong.\nFigure 1\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_001full.jpg\nThis step was taken after the Hong Kong Authority legalized Cryptocurrency Trading on June 1, 2023. RXT and Bitcoin Man also have same vision, Hong Kong always be the Financial Hub for Asia.\nRimaunangis is a project that creates the RXT Token as a digital asset using blockchain technology to update the conventional Food and lifestyle industry. The RXT Token is used to access the entire RXT Ecosystem, with the future vision of creating many additional ecosystems that provide access to financial and creative products. The project also includes the launch of the unique P2E Game Metaverse, a special collection of NFTs, and an NFT marketplace that will be dedicated to the RXT community.\nFigure 2\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_002full.jpg\nThus, Rimaunangis aims to present innovative solutions by leveraging blockchain technology in different industrial sectors. In addition, Rimaunangis also presents a broad ecosystem through three different websites and Apps:\n1. online movie Platform for Indi Movie Malaysia:https://www.rimaunangis.TV\n2. E-commerce for Any Dairy Farm products:https://www.rimaunangis.com\n3. NFT Marketplace for farming Production based on Sharia Law:https://www.farming.online\n4. NFT Farming with Level Marketing:https://farmingviaNFT.io\nThese Four sites provide access to various information related to the project, including the latest news, usage guides, and instructions on how to utilize and invest in Rimaunangis Token (RXT). Also dont forget to visit our Company website at:\nhttps://rimaunangis.worldOrhttps://RXT.world\nIn this collaborative project, Bitcoin Man brings their expertise and experience in the cryptocurrency field. By joining forces with Rimaunangis, they hope to create a healthy and trusted ecosystem for all across the World from Hong Kong.\nRimaunangis Token (RXT) has a strong potential to attract investors and users in all around the World. Through a real business supporting the RXT Token. RXT hopes to provide stability and security to their token holders. This collaborative project reflects a global trend in the crypto industry, where collaborations between tokens and cryptocurrency companies such as Bitcoin Man are becoming increasingly common.\nBy leveraging different expertise and resources, such projects can provide greater benefits to token holders as well as generate a positive impact on the crypto market as a whole. With the launch of this collaborative project, Rimaunangis Token (RXT) and Bitcoin Man hope to capitalize on the growth opportunities that exist in the World crypto markets, while providing security and transparency to users.\nAbout Bitcoin ManBitcoin Man™, established in 2016, is a venture capital and accelerator, specialized in the web3 futurism industry. The Bitcoin Man is founded by Herbert Sim, a notable FinTech influencer with over a million followers across his verified blue tick social media pages. For more information, head toTheBitcoinMan.com.\nContact details:Rimaunangis Digital LLCTblisi - Georgia\nJohn [email protected]\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/171235', 'Hong Kong, China--(Newsfile Corp. - June 25, 2023) - In an effort to take advantage of the emerging crypto market growth in China and Hong Kong, Rimaunangis Token (RXT) has partnered with Bitcoin Man. This collaborative project was officially launched on June 22, 2023 in Dragon I Lounge Hongkong.\nFigure 1\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_001full.jpg\nThis step was taken after the Hong Kong Authority legalized Cryptocurrency Trading on June 1, 2023. RXT and Bitcoin Man also have same vision, Hong Kong always be the Financial Hub for Asia.\nRimaunangis is a project that creates the RXT Token as a digital asset using blockchain technology to update the conventional Food and lifestyle industry. The RXT Token is used to access the entire RXT Ecosystem, with the future vision of creating many additional ecosystems that provide access to financial and creative products. The project also includes the launch of the unique P2E Game Metaverse, a special collection of NFTs, and an NFT marketplace that will be dedicated to the RXT community.\nFigure 2\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_002full.jpg\nThus, Rimaunangis aims to present innovative solutions by leveraging blockchain technology in different industrial sectors. In addition, Rimaunangis also presents a broad ecosystem through three different websites and Apps:\n1. online movie Platform for Indi Movie Malaysia:https://www.rimaunangis.TV\n2. E-commerce for Any Dairy Farm products:https://www.rimaunangis.com\n3. NFT Marketplace for farming Production based on Sharia Law:https://www.farming.online\n4. NFT Farming with Level Marketing:https://farmingviaNFT.io\nThese Four sites provide access to various information related to the project, including the latest news, usage guides, and instructions on how to utilize and invest in Rimaunangis Token (RXT). Also dont forget to visit our Company website at:\nhttps://rimaunangis.worldOrhttps://RXT.world\nIn this collaborative project, Bitcoin Man brings their expertise and experience in the cryptocurrency field. By joining forces with Rimaunangis, they hope to create a healthy and trusted ecosystem for all across the World from Hong Kong.\nRimaunangis Token (RXT) has a strong potential to attract investors and users in all around the World. Through a real business supporting the RXT Token. RXT hopes to provide stability and security to their token holders. This collaborative project reflects a global trend in the crypto industry, where collaborations between tokens and cryptocurrency companies such as Bitcoin Man are becoming increasingly common.\nBy leveraging different expertise and resources, such projects can provide greater benefits to token holders as well as generate a positive impact on the crypto market as a whole. With the launch of this collaborative project, Rimaunangis Token (RXT) and Bitcoin Man hope to capitalize on the growth opportunities that exist in the World crypto markets, while providing security and transparency to users.\nAbout Bitcoin ManBitcoin Man™, established in 2016, is a venture capital and accelerator, specialized in the web3 futurism industry. The Bitcoin Man is founded by Herbert Sim, a notable FinTech influencer with over a million followers across his verified blue tick social media pages. For more information, head toTheBitcoinMan.com.\nContact details:Rimaunangis Digital LLCTblisi - Georgia\nJohn [email protected]\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/171235', 'After Federal Reserve Chair Jay Powell\'s comments hinting at more interest rate hikes in 2023sent the three major indices lowerlast week, investors will once again be focused on the Fed\'s next moves with inflation data, two checks on consumer confidence, and results from Nike (NKE) highlighting the final week of June and the first half of 2023.\nThe Personal Consumption Expenditures (PCE) index, the Fed\'s preferred inflation indicator, out Friday morning will be week\'s biggest economic data release.\nTuesday and Friday will bring consumer checks from The Conference Board and the University of Michigan, respectively, while housing data also dots the schedule.\nOn the earnings side, results from Nike, Carnival (CCL), Walgreens (WBA), and Rite Aid (RAD) will be key highlights.\nInvestors will look to close a strong month, quarter, and first half of 2023 on a high note after recording their worst week in months.\nAll three of the major averagesclosed the weeklower with the Nasdaq Composite (^IXIC) experiencing its first weekly loss in the last eight, while the S&P 500 (^GSPC) snapped a five-week win streak. Stocks are still largely up in June, though.\nEntering the final week of the month, the Nasdaq is up more than 7% while the S&P 500 has risen nearly 5% and the Dow Jones Industrial Average (^DJI) is higher by just over 2%. Through the first half of the year, the Nasdaq remains up more than 28% with the S&P sitting on gains north of 13%.\nDuring two days of testimony on Capitol Hill, Powellcalledinflation "more persistent than we\'ve expected," adding the central bank has a "long way to go" to bring inflation down. With limited data between now and the Fed\'s next policy announcement on July 26, Friday\'s inflation data will be even more closely watched.\nLast week, Powell referenced "core" PCE as being particularly stubborn.\nData on Friday is expected to show "core" PCE — which strips out the costs of food and energy — rose 4.7% over the prior year in May, unchanged from April. The Fed targets 2% inflation, on average. Over the prior month, "core" PCE is expected to rise 0.4% in May.\n"May core PCE inflation is likely to be softer (we project 0.29% MoM), but we expect non-shelter services inflation to remain stubbornly high in coming months," Citi\'s team of economists wrote in a note on Friday. "A resurgent housing market is raising further upside risks to 2024 inflation."\nData for new home sales and the S&P CoreLogic Case-Shiller U.S. National Home Price index are expected on Tuesday. Economists project home prices fell 2.6% year-over-year in April.\nOn the earnings front, Nike results will headline the list of the companies reporting. The nation’s leading athletic apparel brand has made progress offloading excess inventory over the last several quarters. But while the company already signaled it reached peak inventory bloat,some Wall Street analystsare still concerned inventory headwinds will weigh on gross margin growth.\nNike\'s report will provide a clearer picture of the state of wholesale retail inventories after Foot Locker (FL)warned of troublesduring its most recent quarterly earnings report.\n"Recent [North America] & Europe sportswear channel checks make it clear that demand for mass sportswear has potentially slowed, leaving a sizable inventory glut across the industry that is currently being promoted away...a potential headwind that could pressure NKE revenue & margin," Morgan Stanley equity analyst Alex Straton wrote in a note on Tuesday.\nBroadly, markets might be searching for a new catalyst as the AI driven rally in tech stocks took a backseat to other momentum trades to end the week.\nAs Yahoo Finance\'s Jared Blikrepointed out on Friday, investors appeared to dump some recent winners to end the week, with semiconductors falling and Bitcoin hitting a new 52-week high.\nFundstrat head of research Tom Lee wrotein a note on Fridaythat the pull back last week was "overdue."\n"The obvious question for everyone is whether this 2% pullback represents a local top (or even a major top) or is this a shorter term pullback that needs to be bought," Lee wrote.\nLee says stock market bears will point to more Fed rate hikes on tap,the potential for an earnings decline in the second half of the year, and a1999-like bubble in AI. But Lee remains in the camp that inflation is cooling and believes that will play out in the week ahead with PCE and housing data.\n"To us, this looks increasingly like an economy slipping into an expansion, not sliding into a recession," Lee wrote. "And this makes early cycle/risk-on positioning more appropriate."\nEconomic data: Dallas Fed Manufacturing Activity (-20 expected, -29.1 previously)\nEarnings: Carnival (CCL)\nEconomic data: New home sales, May (675,000 annualized rate expected, 683,000 previously); New home sales, month-over-month, May (-1.2% expected, +4.1% previously); Durable goods, May (-0.9% expected, +1.1% previously); Conference Board Consumer Confidence (104 expected, 102.3 previously); S&P CoreLogic Case-Shiller, 20-City Composite home price index, month-over-month, April (+0.35% expected, +0.45% previously); S&P CoreLogic Case-Shiller 20-City Composite home price index, year-over-year, April (-2.6% expected, -1.15% previously)\nEarnings: Jefferies Financial Group (JEF), Walgreens Boots Alliance (WBA)\nEconomic data: MBA Mortgage Applications, week ending June 23 (+0.5% prior); Wholesale inventories month-over-month, May (-0.1% expected, -0.1% previously); Retail inventories month-over-month, May (0.2% previously)\nEarnings: Blackberry (BB), General Mills (GIS), Micron (MU)\nEconomic data: First quarter GDP, third estimate (+1.4% annualized rate expected, +1.3% previously); First quarter personal consumption, third estimate (3.8% expected, 3.8% prior); Initial jobless claims, week ended June 24 (265,000 expected, 264,000 previously); Continuing jobless Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $593,359,535,381 - Hash Rate: 398160232.4659646 - Transaction Count: 382769.0 - Unique Addresses: 656558.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Xapo Bank, a Gibraltar-based cryptocurrency bank backed by SoftBank, DST Global and Ribbit Capital, has announced its expansion to India, the worlds most populous nation. See related article: JPMorgan teams up with Indian banks for blockchain-based settlements: Bloomberg Fast facts Xapo Bank said on Thursday that it has started offering its full suite of crypto and financial services to Indian customers. Xapo Bank offers 4.1% annual interest on U.S. dollar deposits and 1% on Bitcoin, with daily payouts in satoshis, according to its website. The bank allows crypto-to-fiat conversions, immediate stablecoin-to-fiat exchanges, and facilitates British pound or euro transfers. Xapo Banks decision to accept members across South Asia, including India, represents an opportunity to provide our hybrid banking and investment solutions to its large underserved populations, bridging an important gap in the regions financial systems, Seamus Rocca, chief executive of Xapo Bank, said in a statement on Thursday. Attracting about US$15.5 billion in total foreign inflows between January and March this year, India, home to 1.4 billion people, presents a lucrative investment opportunity. Fitch Ratings further boosted investor confidence on Thursday by revising Indias economic growth forecast to 6.3%, up from an earlier 6%. Asias third-largest economy has also managed to put up a strong fight amid a slowing global economy. For the January to March quarter of 2023, Indias gross domestic product grew by 6.1%, while that of China , the worlds second largest economy, grew by 2.2% in January-March. However, India has been cautious with cryptocurrency trading. The South Asian nation imposes a 30% flat tax on crypto income, a 1% tax deducted at source on trades above 10,000 rupees (US$122), and forbids offsetting losses against gains. Late payment invites a 15% annual interest penalty and possible imprisonment for up to six months. See related article: India, UAE to collaborate on cross-border central bank digital currencies... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['In an enlightening interview hosted by Justin Roberti and myself, J Rod Safdiye , at the Benzinga Crypto Unlocked virtual event, we dove deep into the future of W eb3 gaming with Jihoz , the co-founder of Axie Infinity (CRYPTO: AXS ) and Sky Mavis . The conversation spanned an array of topics,\xa0from the merits of gaming as an introduction to Web3, the fluctuations of Web3 gaming economies, to the potential of dynamic NFTs. Jihoz shared a wealth of knowledge about the rapidly evolving landscape of Web3 gaming and NFTs. Gaming as the Gateway to Web3 Jihoz believes games are the best vehicle for onboarding people to Web3. He explained, "Our thesis is that games are the best way to onboard people to Web3 because it combines something that 2\xa0billion people on this planet are familiar with." His comments during the Benzinga event underscored the importance of gaming as an entry point into the burgeoning Web3 space. See Also: Analyst Says Bitcoin Is Facing This Massive Headwind As It Hovers Above $30,000 The Ebb and Flow of Play-to-Earn Web3 Gaming Economies When queried about how the\xa0"play to earn" narrative matured during this bear market, Jihoz responded by saying, "Play to earn was a very good catchphrase and that it very simplified one of the new benefits of a Web3 gaming economy." "What I believe is that the profits and the economic opportunities in these digital economies will ebb and flow, just like Bitcoin mining profitability ebbs and flows," he articulated. His analogy between the crypto mining industry and Web3 gaming illustrated\xa0the parallel economic forces at play, further emphasizing the potential and risks, and benefits of play-to-earn games in the web3 realm. Extending the Axie Universe: A Look at Axie Infinity Homeland Shedding\xa0light on the expansion of the Axie brand, Axie\xa0now includes Axie Infinity Homeland, an immersive city-building experience set within the Axie universe. "Axie Infinity Homeland is absolutely beautiful. It\'s gorgeous, and it\'s in Alpha right now," Jihoz revealed to the Benzinga audience. Story continues See Also: JPMorgan Says Sustainable Energy Will Be A Game-Changer In Bitcoin Mining Ronin: The Future of Web3 Gaming Infrastructure On expanding the horizons of Ronin (CRYPTO:RON) , the infrastructure behind Axie Infinity, Jihoz shared that they had just announced five games from outside the Axie universe powered by Ronin. "The best Web3 gaming infrastructure will be built by the team that\'s actually built Web3 games and has successfully scaled them," he stated confidently. Speaking about the evolution of Ronin, Jihoz illustrated how their homegrown infrastructure is attracting game developers beyond Axie Infinity. "We just announced five games from outside of the Axie universe that are actually going to be built and powered by Ronin," he mentioned, signaling the increasing versatility of the platform. The North Korean Breach: Recoveries and User Restoration Reflecting on last year\'s breach by North Korean actors, Jihoz opened up about the steps taken to restore user confidence and compensate for losses. Jihoz proudly stated that all users had been fully reimbursed for their losses.\xa0"We were able to weather it, everyone was paid back fully," he assured, highlighting the importance of security in the rapidly evolving Web3 space. "One thing that\'s been really exciting is that actually, you know, up to $30 to $40 million of those funds have been recovered by different law enforcement agencies," he explained. The Future of Gaming and NFTs: Dynamic NFTs Looking ahead, Jihoz hopes to see more innovations and new mechanics that aren\'t possible in traditional gaming. "I think the question to ask is what is the major breakthrough in Web3 gaming that someone is working on right now," he pondered, suggesting the idea of dynamic NFTs, where an NFT can be altered or upgraded by player\'s efforts, as one possible future breakthrough. Looking to the future, Jihoz believes dynamic NFTs represent a significant breakthrough. "I think one idea is the idea of a dynamic NFT where you can put your time, your effort, your skill into earning, crafting materials, experience points," he shared. These dynamic elements, Jihoz suggested, could cultivate a more sustainable consumptive economy in the gaming industry. Without a doubt, Jihoz is an authority when it comes to developing projects in a Web3 environment. He has succeeded in cultivating a principled and\xa0united community, reflecting his own character. The fact that he compensated all the affected users speaks volumes about the quality of leadership found in him. Certainly, the entire crypto community will continue to benefit from the developments that Axie Infinity, Sky Mavis\xa0and Ronin have to present to us in the near future. Join Benzinga\'s Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now ! Don\'t miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . This article EXCLUSIVE: Axie Infinity\'s Co-Founder Discusses GameFi Success and Future Plans at Crypto Unlocked originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'In an enlightening interview hosted byJustin Robertiand myself,J Rod Safdiye, at theBenzinga Crypto Unlockedvirtual event, we dove deep into the future ofWeb3gaming withJihoz, the co-founder ofAxie Infinity (CRYPTO:AXS)andSky Mavis. The conversation spanned an array of topics,\xa0from the merits of gaming as an introduction to Web3, the fluctuations of Web3 gaming economies, to the potential of dynamic NFTs. Jihoz shared a wealth of knowledge about the rapidly evolving landscape of Web3 gaming and NFTs.\nJihoz believes games are the best vehicle for onboarding people to Web3. He explained, "Our thesis is that games are the best way to onboard people to Web3 because it combines something that 2\xa0billion people on this planet are familiar with." His comments during the Benzinga event underscored the importance of gaming as an entry point into the burgeoning Web3 space.\nSee Also:Analyst Says Bitcoin Is Facing This Massive Headwind As It Hovers Above $30,000\nWhen queried about how the\xa0"play to earn" narrative matured during this bear market, Jihoz responded by saying, "Play to earn was a very good catchphrase and that it very simplified one of the new benefits of a Web3 gaming economy.""What I believe is that the profits and the economic opportunities in these digital economies will ebb and flow, just like Bitcoin mining profitability ebbs and flows," he articulated. His analogy between the crypto mining industry and Web3 gaming illustrated\xa0the parallel economic forces at play, further emphasizing the potential and risks, and benefits of play-to-earn games in the web3 realm.\nShedding\xa0light on the expansion of the Axie brand, Axie\xa0now includes Axie Infinity Homeland, an immersive city-building experience set within the Axie universe. "Axie Infinity Homeland is absolutely beautiful. It\'s gorgeous, and it\'s in Alpha right now," Jihoz revealed to the Benzinga audience.\nSee Also:JPMorgan Says Sustainable Energy Will Be A Game-Changer In Bitcoin Mining\nOn expanding the horizons ofRonin (CRYPTO:RON), the infrastructure behind Axie Infinity, Jihoz shared that they had just announced five games from outside the Axie universe powered by Ronin. "The best Web3 gaming infrastructure will be built by the team that\'s actually built Web3 games and has successfully scaled them," he stated confidently.\nSpeaking about the evolution of Ronin, Jihoz illustrated how their homegrown infrastructure is attracting game developers beyond Axie Infinity. "We just announced five games from outside of the Axie universe that are actually going to be built and powered by Ronin," he mentioned, signaling the increasing versatility of the platform.\nReflecting on last year\'s breach by North Korean actors, Jihoz opened up about the steps taken to restore user confidence and compensate for losses. Jihoz proudly stated that all users had been fully reimbursed for their losses.\xa0"We were able to weather it, everyone was paid back fully," he assured, highlighting the importance of security in the rapidly evolving Web3 space.\n"One thing that\'s been really exciting is that actually, you know, up to $30 to $40 million of those funds have been recovered by different law enforcement agencies," he explained.\nLooking ahead, Jihoz hopes to see more innovations and new mechanics that aren\'t possible in traditional gaming. "I think the question to ask is what is the major breakthrough in Web3 gaming that someone is working on right now," he pondered, suggesting the idea of dynamic NFTs, where an NFT can be altered or upgraded by player\'s efforts, as one possible future breakthrough.\nLooking to the future, Jihoz believes dynamic NFTs represent a significant breakthrough. "I think one idea is the idea of a dynamic NFT where you can put your time, your effort, your skill into earning, crafting materials, experience points," he shared. These dynamic elements, Jihoz suggested, could cultivate a more sustainable consumptive economy in the gaming industry.\nWithout a doubt, Jihoz is an authority when it comes to developing projects in a Web3 environment. He has succeeded in cultivating a principled and\xa0united community, reflecting his own character. The fact that he compensated all the affected users speaks volumes about the quality of leadership found in him. Certainly, the entire crypto community will continue to benefit from the developments that Axie Infinity, Sky Mavis\xa0and Ronin have to present to us in the near future.\nJoin Benzinga\'s Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space.Secure early bird discounted tickets now!\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleEXCLUSIVE: Axie Infinity\'s Co-Founder Discusses GameFi Success and Future Plans at Crypto Unlockedoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs. Bitcoin little changed Bitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization rose 15.44% in the past seven days. Ether gained 1.18% to US$1,898, with a 10.32% weekly gain. Polkadot led gains among the top 10 non-stablecoin cryptocurrencies with a 3.28% 24-hour rise to post a weekly gain of 14.28%. Beside Bitcoin, Litecoin was the only token on the list edging lower, dropping 1.48% over the past 24 hours but up 14.24% for the week. On Friday, the U.S. Securities and Exchange Commission (SEC) approved the nation\x92s first leveraged Bitcoin futures ETF offered by Florida-based Volatility Shares, CoinDesk reported . The \x932x Bitcoin Strategy ETF\x94 is set to start trading on June 27 on CBOE BZX Exchange, according to the fund\x92s website . The ETF will not invest directly in Bitcoin but seek to benefit from increases in the price of Bitcoin futures contracts for a single day, according to its prospectus . The fund will correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll index. This comes after BlackRock and WisdomTree recently filed applications with the SEC to launch spot Bitcoin ETFs. The regulator has given a greenlight to a number of futures-based crypto ETFs but has not approved spot products. \x93The turbulences of 2022 have led to a decline in confidence in crypto-native institutions, presenting traditional financial institutions with a prime opportunity to enter the crypto market,\x94 Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto, told Forkast last week. Story continues Additionally, New York-headquartered investment bank JPMorgan Chase & Co. launched euro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday. JPM Coin allows clients to transfer euros or dollars held with their JPMorgan accounts immediately and at any time of the day, unlike traditional banking transactions that usually operate during business hours. Bored Ape Yacht Club dump The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.25% to 2,905.28 in the 24 hours to 9:40 a.m. in Hong Kong. The index, however, is up 1.08% for the week. NFT transactions on Ethereum fell 2.49% over the past 24 hours to US$18.38 million, while transactions on the Bitcoin network surged 138% to US$3.6 million, according to CryptoSlam data . \x93Ethereum is still struggling with tumbling prices, especially in Bored Ape Yacht Club (BAYC) whose average sales price remains in the low- to mid-US$70,000 range,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Over the past few days, NFT whale Jeffrey Huang , also known as Machi, has dumped dozens of his BAYC holdings. On Saturday, Machi sold 19 BAYC NFTs in one transaction on marketplace Blur for 651.56 Ether, or roughly US$1.22 million. The floor price of BAYC stood at 37.4 Ether on Blur on Monday morning in Asia, gaining 4.18% over the past day but losing 13.52% over the past week. Sales of BAYC jumped 26.11% over the past 24 hours to US$3.43 million, adding to weekly sales of US$13.11 million. BAYC was the most-sold collection for the past day and week in terms of transaction value. Ethereum-based Azuki NFT transactions rose 25.68% in the past 24 hours to US$3.07 million, the highest after BAYC. Azuki\x92s floor price on Blur rose 1.78% in the past day but was down 9.21% for the week. U.S. stock futures rise Russian President Vladimir Putin. Image: Wikimedia Commons U.S. stock futures edged higher as of 10:40 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.19%, and S&P 500 futures added 0.24%. Nasdaq Futures rose 0.32%. Equity markets across Asia were mostly mixed with investors unsettled by events in Russia over the weekend when Wagner Group mercenaries marched toward Moscow in what appeared to be a rebellion against the military leadership. The group later halted the advance, but it raised concern about instability in Russia as it may undermine the leadership of President Vladimir Putin. Oil prices rose on concern about supply disruptions from Russia, the world\x92s third-largest producer of crude oil. In macroeconomic developments, Japan\x92s services producer price index rose 1.6% year-on-year in May, according to official data released Monday. \x93Japan\x92s economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately,\x94 the Bank of Japan said Monday in the summary of opinions of June 15-16 monetary policy meetings. On U.S. inflation and interest rates, Federal Reserve Chairman Jerome Powell said last week that the central bank is in consensus on the need for more interest rate hikes this year. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 71.9% chance for another 25-basis-point rate hike, and a 28.1% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add equities section)', 'Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs.\nBitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization rose 15.44% in the past seven days.\nEther gained 1.18% to US$1,898, with a 10.32% weekly gain.\nPolkadot led gains among the top 10 non-stablecoin cryptocurrencies with a 3.28% 24-hour rise to post a weekly gain of 14.28%. Beside Bitcoin, Litecoin was the only token on the list edging lower, dropping 1.48% over the past 24 hours but up 14.24% for the week.\nOn Friday, the U.S. Securities and Exchange Commission (SEC) approved the nation’s first leveraged Bitcoin futures ETF offered by Florida-based Volatility Shares, CoinDeskreported. The “2x Bitcoin Strategy ETF” is set to start trading on June 27 on CBOE BZX Exchange, according to the fund’swebsite.\nThe ETF will not invest directly in Bitcoin but seek to benefit from increases in the price of Bitcoin futures contracts for a single day, according to itsprospectus. The fund will correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll index.\nThis comes afterBlackRockandWisdomTreerecently filed applications with the SEC to launch spot Bitcoin ETFs. The regulator has given a greenlight to a number of futures-based crypto ETFs but has not approved spot products.\n“The turbulences of 2022 have led to a decline in confidence in crypto-native institutions, presenting traditional financial institutions with a prime opportunity to enter the crypto market,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto,toldForkastlast week.\nAdditionally, New York-headquartered investment bank JPMorgan Chase & Co.launchedeuro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday.\nJPM Coin allows clients to transfer euros or dollars held with their JPMorgan accounts immediately and at any time of the day, unlike traditional banking transactions that usually operate during business hours.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.25% to 2,905.28 in the 24 hours to 9:40 a.m. in Hong Kong. The index, however, is up 1.08% for the week.\nNFT transactions on Ethereum fell 2.49% over the past 24 hours to US$18.38 million, while transactions on the Bitcoin network surged 138% to US$3.6 million, according to CryptoSlamdata.\n“Ethereum is still struggling with tumbling prices, especially in Bored Ape Yacht Club (BAYC) whose average sales price remains in the low- to mid-US$70,000 range,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nOver the past few days, NFT whaleJeffrey Huang, also known as Machi, has dumped dozens of his BAYC holdings. On Saturday, Machisold19 BAYC NFTs in one transaction on marketplace Blur for 651.56 Ether, or roughly US$1.22 million.\nThe floor price of BAYC stood at 37.4 Ether onBluron Monday morning in Asia, gaining 4.18% over the past day but losing 13.52% over the past week.\nSales of BAYC jumped 26.11% over the past 24 hours to US$3.43 million, adding to weekly sales of US$13.11 million. BAYC was the most-sold collection for the past day and week in terms of transaction value.\nEthereum-based Azuki NFT transactions rose 25.68% in the past 24 hours to US$3.07 million, the highest after BAYC.\nAzuki’s floor price on Blur rose 1.78% in the past day but was down 9.21% for the week.\nU.S. stock futures edged higher as of 10:40 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.19%, and S&P 500 futures added 0.24%. Nasdaq Futures rose 0.32%.\nEquity markets across Asia were mostly mixed with investors unsettled by events in Russia over the weekend when Wagner Group mercenariesmarchedtoward Moscow in what appeared to be a rebellion against the military leadership.\nThe group laterhaltedthe advance, but it raised concern about instability in Russia as it may undermine the leadership of President Vladimir Putin. Oil pricesroseon concern about supply disruptions from Russia, the world’s third-largest producer of crude oil.\nIn macroeconomic developments, Japan’s services producer price index rose 1.6% year-on-year in May, according to officialdatareleased Monday.\n“Japan’s economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately,” the Bank of JapansaidMonday in the summary of opinions of June 15-16 monetary policy meetings.\nOn U.S. inflation and interest rates, Federal Reserve Chairman Jerome Powell said last week that the central bank is in consensus on the need for more interest rate hikes this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 71.9% chance for another 25-basis-point rate hike, and a 28.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs.\nBitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization rose 15.44% in the past seven days.\nEther gained 1.18% to US$1,898, with a 10.32% weekly gain.\nPolkadot led gains among the top 10 non-stablecoin cryptocurrencies with a 3.28% 24-hour rise to post a weekly gain of 14.28%. Beside Bitcoin, Litecoin was the only token on the list edging lower, dropping 1.48% over the past 24 hours but up 14.24% for the week.\nOn Friday, the U.S. Securities and Exchange Commission (SEC) approved the nation’s first leveraged Bitcoin futures ETF offered by Florida-based Volatility Shares, CoinDeskreported. The “2x Bitcoin Strategy ETF” is set to start trading on June 27 on CBOE BZX Exchange, according to the fund’swebsite.\nThe ETF will not invest directly in Bitcoin but seek to benefit from increases in the price of Bitcoin futures contracts for a single day, according to itsprospectus. The fund will correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll index.\nThis comes afterBlackRockandWisdomTreerecently filed applications with the SEC to launch spot Bitcoin ETFs. The regulator has given a greenlight to a number of futures-based crypto ETFs but has not approved spot products.\n“The turbulences of 2022 have led to a decline in confidence in crypto-native institutions, presenting traditional financial institutions with a prime opportunity to enter the crypto market,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto,toldForkastlast week.\nAdditionally, New York-headquartered investment bank JPMorgan Chase & Co.launchedeuro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday.\nJPM Coin allows clients to transfer euros or dollars held with their JPMorgan accounts immediately and at any time of the day, unlike traditional banking transactions that usually operate during business hours.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.25% to 2,905.28 in the 24 hours to 9:40 a.m. in Hong Kong. The index, however, is up 1.08% for the week.\nNFT transactions on Ethereum fell 2.49% over the past 24 hours to US$18.38 million, while transactions on the Bitcoin network surged 138% to US$3.6 million, according to CryptoSlamdata.\n“Ethereum is still struggling with tumbling prices, especially in Bored Ape Yacht Club (BAYC) whose average sales price remains in the low- to mid-US$70,000 range,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nOver the past few days, NFT whaleJeffrey Huang, also known as Machi, has dumped dozens of his BAYC holdings. On Saturday, Machisold19 BAYC NFTs in one transaction on marketplace Blur for 651.56 Ether, or roughly US$1.22 million.\nThe floor price of BAYC stood at 37.4 Ether onBluron Monday morning in Asia, gaining 4.18% over the past day but losing 13.52% over the past week.\nSales of BAYC jumped 26.11% over the past 24 hours to US$3.43 million, adding to weekly sales of US$13.11 million. BAYC was the most-sold collection for the past day and week in terms of transaction value.\nEthereum-based Azuki NFT transactions rose 25.68% in the past 24 hours to US$3.07 million, the highest after BAYC.\nAzuki’s floor price on Blur rose 1.78% in the past day but was down 9.21% for the week.\nU.S. stock futures edged higher as of 10:40 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.19%, and S&P 500 futures added 0.24%. Nasdaq Futures rose 0.32%.\nEquity markets across Asia were mostly mixed with investors unsettled by events in Russia over the weekend when Wagner Group mercenariesmarchedtoward Moscow in what appeared to be a rebellion against the military leadership.\nThe group laterhaltedthe advance, but it raised concern about instability in Russia as it may undermine the leadership of President Vladimir Putin. Oil pricesroseon concern about supply disruptions from Russia, the world’s third-largest producer of crude oil.\nIn macroeconomic developments, Japan’s services producer price index rose 1.6% year-on-year in May, according to officialdatareleased Monday.\n“Japan’s economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately,” the Bank of JapansaidMonday in the summary of opinions of June 15-16 monetary policy meetings.\nOn U.S. inflation and interest rates, Federal Reserve Chairman Jerome Powell said last week that the central bank is in consensus on the need for more interest rate hikes this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 71.9% chance for another 25-basis-point rate hike, and a 28.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:If bitcoin manages to stay past $30K, we might get another leg up, says one analyst.\nInsights:Japan\'s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders.\nCoinDesk Market Index (CMI)\n1,242\n+3.5▲0.3%\nBitcoin (BTC)\n$30,535\n−19.9▼0.1%\nEthereum (ETH)\n$1,901\n+24.8▲1.3%\nS&P 500\n4,348.33\n−33.6▼0.8%\nGold\n$1,935\n+16.1▲0.8%\nNikkei 225\n32,781.54\n−483.3▼1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,242", "+3.5\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,535", "\\u221219.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+24.8\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,348.33", "\\u221233.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,935", "+16.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,781.54", "\\u2212483.3\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nETF Optimism is Powering Bitcoin\'s Continued Rally\nBitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901.\nAnalysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of itsstrongest weekly gains since March. CoinDesk Indices’Bitcoin Trend Indicator (BTI)shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days.\n“Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.”\nDiPasquale sees continued growth across the market in the coming weeks, but also volatility.\n“On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.”\nData from CoinGlassshows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week.\nThe Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on thebitcoin ETFs from BlackRock, Invesco and WisdomTree.\nMany are optimistic that the inclusion of asurveillance-sharing agreementwould be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sectorbefore it approved the first bitcoin ETFsto be listed in Toronto in 2021.\nUntil then, the question is: how high will bitcoin go?\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+5.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}]\nCrypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy\nOver the weekendCoinDesk Japan reportedthat the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation.\nThis is a huge relief for crypto startups that issue their own tokens.\nBefore the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not.\nIn short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn\'t sold the cryptocurrency (i.e., hadn\'t "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not.\nTaxing unrealized gains isn’t a policy that’s conducive to building a dynamic, successful environment for entrepreneurship.Norway tried it, and it led to an exodus. But having taxes on the unrealized gains of a token is particularly detrimental to the crypto industry as developers and other team members are often heavily compensated in these tokens to compensatefor the inherent risk of the industry – with its tremendous ups and downs.\nFor Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution.\n“What we see in Japan is a very clear taxonomy for digital assets,” Rahul Advani, Ripple’s policy lead for Asia, said in a recent interview withCoinDesk. "Regulators are now looking beyond just money laundering and terrorist financing. They\'re looking at capital, they\'re looking at bank exposures, and a very important part of that is market integrity but also consumer protection."\nJapan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges.\nFor example, despite the global bankruptcy of FTX, its Japanese subsidiary, FTX Japan, appears poised to pay its customers in full, largely due to Japan\'s careful regulation of crypto exchanges.It was the safest place to be a customerof Sam Bankman-Fried’s.\n“Japan has in its bankruptcy laws, [a priority for] exchange customers above other creditors,” he said. “So that\'s one reason why exchange customers were able to be made whole before other creditors."\nNow, in contrast, none of this is happening in the U.S.\nSure, given existing rules about capital gains in the U.S. it\'s unlikely that tokens issued by crypto companies would be taxed. But there’s no specific rules to say that this won’t happen. The U.S. Securities and Exchange Commissionwon’t even give guidanceon how it determines if something – like the issued tokens at the center of this – is or isn’t a security.\nIf the SEC won’t even advise voluntarily, good luck getting any other sort of policy development in the U.S.\nEuropean Central Bank Forum for Central Banking\nPoint Zero Forum\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Leading Economic Index (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Clings to $30K; Nevada Regulator Says Prime Trust Has \'Shortfall of Customer Funds\'\nBitcoin (BTC) has seen a 20% price gain since last Thursday, but could now take a breather.21.coco-founder and CEO Hany Rashwan shares\\d his crypto markets analysis. This comes as the Nevada Department of Business and Industry said crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month. Separately, Rajeev Bamra, Moody’s Investors Service SVP, DeFi and Digital Assets, weighed in on the state of U.S. crypto regulation. And, Casa CEO Nick Neuman explained why the cryptocurrency self-custody firm historically focused exclusively on the Bitcoin blockchain has added support for Ethereum.\nSoccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release:Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas.\nInfluencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations:Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals.\nCoinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts:The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021. The SEC sued the company in June for offering unregistered securities.\n2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme:The “Twitter hacker” plundered nearly $1 million from victims of his elaborate online schemes.\nCoinbase Wins Supreme Court Ruling in Arbitration Lawsuit:The company\'s clear legal victory in the U.S. high court isn\'t about crypto, but it could play into future court disputes for all businesses.', 'Good morning. Here’s what’s happening: Prices: If bitcoin manages to stay past $30K, we might get another leg up, says one analyst. Insights: Japan\'s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders. Prices CoinDesk Market Index (CMI) 1,242 +3.5 ▲ 0.3% Bitcoin (BTC) $30,535 −19.9 ▼ 0.1% Ethereum (ETH) $1,901 +24.8 ▲ 1.3% S&P 500 4,348.33 −33.6 ▼ 0.8% Gold $1,935 +16.1 ▲ 0.8% Nikkei 225 32,781.54 −483.3 ▼ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,242 +3.5 ▲ 0.3% Bitcoin (BTC) $30,535 −19.9 ▼ 0.1% Ethereum (ETH) $1,901 +24.8 ▲ 1.3% S&P 500 4,348.33 −33.6 ▼ 0.8% Gold $1,935 +16.1 ▲ 0.8% Nikkei 225 32,781.54 −483.3 ▼ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) ETF Optimism is Powering Bitcoin\'s Continued Rally Bitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901. Analysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of its strongest weekly gains since March . CoinDesk Indices’ Bitcoin Trend Indicator (BTI) shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days. “Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.” DiPasquale sees continued growth across the market in the coming weeks, but also volatility. Story continues “On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.” Data from CoinGlass shows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week. The Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on the bitcoin ETFs from BlackRock , Invesco and WisdomTree. Many are optimistic that the inclusion of a surveillance-sharing agreement would be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sector before it approved the first bitcoin ETFs to be listed in Toronto in 2021. Until then, the question is: how high will bitcoin go? Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +5.4% Smart Contract Platform Polkadot DOT +3.7% Smart Contract Platform Avalanche AVAX +3.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −2.4% Entertainment Loopring LRC −1.4% Smart Contract Platform Bitcoin BTC −0.3% Currency Insights Crypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy Over the weekend CoinDesk Japan reported that the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation. This is a huge relief for crypto startups that issue their own tokens. Before the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not. In short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn\'t sold the cryptocurrency (i.e., hadn\'t "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not. Taxing unrealized gains isn’t a policy that’s conducive to building a dynamic, successful environment for entrepreneurship. Norway tried it , and it led to an exodus. But having taxes on the unrealized gains of a token is particularly detrimental to the crypto industry as developers and other team members are often heavily compensated in these tokens to compensatefor the inherent risk of the industry – with its tremendous ups and downs. For Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution. “What we see in Japan is a very clear taxonomy for digital assets,” Rahul Advani, Ripple’s policy lead for Asia, said in a recent interview withCoinDesk. "Regulators are now looking beyond just money laundering and terrorist financing. They\'re looking at capital, they\'re looking at bank exposures, and a very important part of that is market integrity but also consumer protection." Japan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges. For example, despite the global bankruptcy of FTX, its Japanese subsidiary, FTX Japan, appears poised to pay its customers in full, largely due to Japan\'s careful regulation of crypto exchanges. It was the safest place to be a customer of Sam Bankman-Fried’s. “Japan has in its bankruptcy laws, [a priority for] exchange customers above other creditors,” he said. “So that\'s one reason why exchange customers were able to be made whole before other creditors." Now, in contrast, none of this is happening in the U.S. Sure, given existing rules about capital gains in the U.S. it\'s unlikely that tokens issued by crypto companies would be taxed. But there’s no specific rules to say that this won’t happen. The U.S. Securities and Exchange Commission won’t even give guidance on how it determines if something – like the issued tokens at the center of this – is or isn’t a security. If the SEC won’t even advise voluntarily, good luck getting any other sort of policy development in the U.S. Important events. European Central Bank Forum for Central Banking Point Zero Forum 1 p.m. HKT/SGT(5 a.m. UTC): Japan Leading Economic Index (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Clings to $30K; Nevada Regulator Says Prime Trust Has \'Shortfall of Customer Funds\' Bitcoin (BTC) has seen a 20% price gain since last Thursday, but could now take a breather. 21.co co-founder and CEO Hany Rashwan shares\\d his crypto markets analysis. This comes as the Nevada Department of Business and Industry said crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month. Separately, Rajeev Bamra, Moody’s Investors Service SVP, DeFi and Digital Assets, weighed in on the state of U.S. crypto regulation. And, Casa CEO Nick Neuman explained why the cryptocurrency self-custody firm historically focused exclusively on the Bitcoin blockchain has added support for Ethereum. Headlines Soccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release: Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas. Influencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations: Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals. Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts: The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021. The SEC sued the company in June for offering unregistered securities. 2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme: The “Twitter hacker” plundered nearly $1 million from victims of his elaborate online schemes. Coinbase Wins Supreme Court Ruling in Arbitration Lawsuit: The company\'s clear legal victory in the U.S. high court isn\'t about crypto, but it could play into future court disputes for all businesses.', 'Good morning. Here’s what’s happening:\nPrices:If bitcoin manages to stay past $30K, we might get another leg up, says one analyst.\nInsights:Japan\'s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders.\nCoinDesk Market Index (CMI)\n1,242\n+3.5▲0.3%\nBitcoin (BTC)\n$30,535\n−19.9▼0.1%\nEthereum (ETH)\n$1,901\n+24.8▲1.3%\nS&P 500\n4,348.33\n−33.6▼0.8%\nGold\n$1,935\n+16.1▲0.8%\nNikkei 225\n32,781.54\n−483.3▼1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,242", "+3.5\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,535", "\\u221219.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+24.8\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,348.33", "\\u221233.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,935", "+16.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,781.54", "\\u2212483.3\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nETF Optimism is Powering Bitcoin\'s Continued Rally\nBitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901.\nAnalysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of itsstrongest weekly gains since March. CoinDesk Indices’Bitcoin Trend Indicator (BTI)shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days.\n“Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.”\nDiPasquale sees continued growth across the market in the coming weeks, but also volatility.\n“On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.”\nData from CoinGlassshows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week.\nThe Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on thebitcoin ETFs from BlackRock, Invesco and WisdomTree.\nMany are optimistic that the inclusion of asurveillance-sharing agreementwould be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sectorbefore it approved the first bitcoin ETFsto be listed in Toronto in 2021.\nUntil then, the question is: how high will bitcoin go?\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+5.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}]\nCrypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy\nOver the weekendCoinDesk Japan reportedthat the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation.\nThis is a huge relief for crypto startups that issue their own tokens.\nBefore the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not.\nIn short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn\'t sold the cryptocurrency (i.e., hadn\'t "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not.\nTaxing unrealized gains isn’t a policy that’s conducive to building a dynamic, succe Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $587,695,160,275 - Hash Rate: 379943751.2420316 - Transaction Count: 403979.0 - Unique Addresses: 692095.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Proving that economics is more an art than a science, Federal Reserve Chairman Jerome Powell said the central bank will "skip" a round of rising interest rates. This left market analysts to debate the meaning of the word. For the first time in over a year, the Federal Reserve has decided to stay the course by keeping rates at about 5%, breaking its streak of 10 consecutive interest rate hikes. However, Powell has left open the door to further hawkish rate increases, clarifying that he shouldnt call it a skip. What would the market think? This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here . Despite the Feds decision to pull back on the most aggressive monetary policy strategy in the U.S. since the 1980s, stocks and crypto crumbled after the press conference. For many, Powells slip of the tongue all but guarantees the Fed will continue to raise interest rates this year, likely as early as July, in a bid to cool the economy. Powell said signs show inflation appears to be easing, finally, and will use this pause to assess the impact of the Feds strategy. I dont envy Powells job to navigate an economy out of a global pandemic, which contributed to consumer price inflation spiking to 40-year highs of over 9%, as a regional war cut the global supply of necessities like wheat and oil. But the experimental economic rejiggering at the Fed is already one for the history books. Given how far we have come, it may make sense for rates to move higher but at a more moderate pace, Powell said, confirming the Fed intends to move more slowly after a breakneck pace. Its just the idea that were trying to get this right. For many, however, Powell has already gone wrong. Its widely believed that the Feds financial engineering contributed to the collapse of three U.S. banks earlier this year including the second-largest bank failure on record in the U.S. by cratering the value of U.S. Treasury bonds. Backed by the full faith and credit of the U.S. government, Treasurys are considered the safest investment in the world. This banking distress could continue to weigh on the economy. Story continues Then there are the effects on everyday folk. According to a WalletHub survey (between May 29 and June 2) two-in-five people say Fed rate hikes are forcing them into more debt, and putting their jobs at risk. Part of the Feds strategy of cooling an overheated economy is by increasing unemployment. WalletHub projects further that the Feds cumulative rate hikes of 500 basis points will translate into consumers paying $33.4 billion in extra interest charges over the coming year. Borrowing costs are the highest in years and mortgage rates have been volatile and even if inflation has technically come down. People still report paying more than ever for groceries, healthcare, etc. Powell is at least candid about the difficulties ahead of trying to push inflation down to the Feds standard 2% target. The process of getting inflation down is going to be a gradual one, he said. Though he thinks the right conditions for that are coming into place. Whether that translates into less economic anxiety is another question. Its worth noting the stock market recently entered a bull market (as have most assets, besides crypto), which is a ringer for populist rage considering who owns the majority of stocks (i.e. not the people hurt most by higher consumer prices). See also: Bitcoin Sinks Below 25K, Altcoins Tumble, as Investors Shrug Off Fed To put a bow on this, because this is a crypto news site, there was a time when bitcoin advocates really seemed to think that government mismanagement or incompetence would drive people into the fold. If that was ever true, perhaps around when you could still call bitcoin an inflation hedge, adoption likely only happened around the margins. Bitcoin traded flat during the recent U.S. debt default debate if ever there was a time for a hedge, or a currency with a predicable issuance schedule. In the U.S., its hard to see bitcoin treated as anything more than a curiosity at least in the short term. But these things are relative. In places like Turkey and Argentina, bitcoin adoption continues to outpace those countries inflation. In other words, its a "hard money" depending on what currency youre using. I guess that's why they call economics a "soft science."... - Reddit Posts (Sample): [['u/PrimaxAUS', 'Looks like someone is targetting us with a new scam', 20, '2023-06-26 01:58', 'https://www.reddit.com/r/mtgoxinsolvency/comments/14j1gxm/looks_like_someone_is_targetting_us_with_a_new/', 'Anyone get this message?\n\n>Brace up mate ,it really sucks how these scumbags are ruining our daily experience if you have any evidence at all to prove this go message @decipherbyace on instagram I got affected by MTgox exchange wallet hack attack but I was able to recover my BTC at least when I reached out to a blockchain developer expert on instagram @ decipherbyace i suggest you reach out to him, He will help you.\n\nWas from a 6 month old account, no karma. Username kelly-clarkson', 'https://www.reddit.com/r/mtgoxinsolvency/comments/14j1gxm/looks_like_someone_is_targetting_us_with_a_new/', '14j1gxm', [['u/ValdemarrPlanB', 14, '2023-06-26 03:08', 'https://www.reddit.com/r/mtgoxinsolvency/comments/14j1gxm/looks_like_someone_is_targetting_us_with_a_new/jpj9iy6/', 'I got the same from a u/Kelly-Carlson, really transparent scam. Please no one fall for this.', '14j1gxm']]], ['u/SilverHaloWave', "What crypto enthusiasts haven't figured out yet is that their Bitcoins and shitcoins are not destined to be priced in dollars, Yuan, Yen or Euros for much longer. BRICS will cause the core values of everything to be linked to commodity monies.", 47, '2023-06-26 04:52', 'https://www.reddit.com/r/SilverDegenClub/comments/14j5626/what_crypto_enthusiasts_havent_figured_out_yet_is/', "Whether the narrative core commodity money becomes oil, gold or orange juice the dominant play will be in the commodity with the highest inelastic demand and lowest supply. I'll give you 3 guesses which commodity that is. If you can't correctly guess what that is then I have some neck lubricant to sell you so you can ease your head out of where it is currently lodged.", 'https://www.reddit.com/r/SilverDegenClub/comments/14j5626/what_crypto_enthusiasts_havent_figured_out_yet_is/', '14j5626', [['u/EndTheFed41', 17, '2023-06-26 05:05', 'https://www.reddit.com/r/SilverDegenClub/comments/14j5626/what_crypto_enthusiasts_havent_figured_out_yet_is/jpjn4ja/', 'I got shit on the other day in r/gold for saying that the soon to be new BRICS currency should be of concern for the dollar. Of all the places to get flak for that opinion - 🤦🏻\u200d♂️\n\nUnfortunately, I think a lot of people are in for a surprise coming down the road. It won’t be a fast and overnight change, but if it’s not registering on your radar, best of luck. It’s part of the reason I’m here.', '14j5626']]], ['u/AutoModerator', '[Daily Discussion] - Monday, June 26, 2023', 32, '2023-06-26 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/', '14j6j57', [['u/jonathan2827', 17, '2023-06-26 07:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpjydgw/', 'My dog just bought BTC', '14j6j57'], ['u/ubermensch012', 12, '2023-06-26 08:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpk76ix/', "Daily about to go parabolic. Weekly closed above our April high (current weekly bounced on top of it too). \n\ntook my profit from previous trade 2 weeks ago and longed the 4-hr 21ema as posted earlier\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/1485w96/daily_discussion_tuesday_june_13_2023/jnzayom/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/14ic87j/daily_discussion_sunday_june_25_2023/jpiet0p/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3\n\nOnly thing that can make me flip bias is if we're to close a daily below $30k. \n\nMost alts already capitulated, so I'm extremely bullish on my shitcoins. BTC conquering $30k+ will drive some action into the market again (risk-on and dumb money fomo)", '14j6j57'], ['u/BatteredLittleFish', 20, '2023-06-26 09:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpk95wk/', 'Buying pressure is relentless, the last dip below 30k was scooped up in a matter of seconds, 30k is starting to look like the new 20k.', '14j6j57'], ['u/Yodel_And_Hodl_Mode', 15, '2023-06-26 10:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkfb1o/', "> Daily about to go parabolic.\n\nI'm not seeing that. Not without a major event to serve as a catalyst.\n\nI'm not bearish at all though. I'm long term bullish, short to medium term Baltimore-ish (crab is on the menu). I won't be surprised if we see a move in either direction... but parabolic? No.", '14j6j57'], ['u/DarthVarn', 10, '2023-06-26 10:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkfyi3/', 'Tax free event. Good boy. 🐶', '14j6j57'], ['u/ChadRun04', 22, '2023-06-26 11:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkhxy3/', "No one is saying you're stupid. Personally I'm simply finding all this emotion from you to be strange.\n\nI have tuned into your time-frame now and understand better that you're scalping in the range when talking about downtrends etc. \n\nSeems you're making decisions mostly based on sentiment?", '14j6j57'], ['u/adepti', 15, '2023-06-26 12:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkonuw/', 'I can’t help but to think if you cut off leverage trading and long short scalps all together your accounts will fare much better, your cortisol and dopamine levels might normalize again and in a few months you’ll be far more profitable with much less work just by sitting on spot longs', '14j6j57'], ['u/noeeel', 14, '2023-06-26 13:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkpt6z/', 'If we stay below 31.5k for the next 3-4 weeks we will have the tightest weekly bbands since at least 2018. That means a lot of pressure emerged in the market.', '14j6j57'], ['u/Gravy_Vampire', 10, '2023-06-26 14:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkv40p/', '> I’m a degen leverage trader, had trades open for less than a minute before but I’m starting to mellow as I gain experience and get older.\n\n>To me trading isn’t about how good you do the good things, it’s how much you limit yourself doing the bad things.\n\nOh wow, is the writers strike over? 😁', '14j6j57'], ['u/BootyPoppinPanda', 16, '2023-06-26 14:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkwz4r/', "Just crabbing in the 25-32k range is my base case. I think it's more likely to break out of that upwards, but each time we get rejected, it's not the best look. I wouldn't count this as rejected either, just tapping on the door right now", '14j6j57'], ['u/AccidentalArbitrage', 18, '2023-06-26 14:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkztmx/', "Agree with Chad on this one.\n\nFor an outside perspective, lately you seem to repeatedly try to taunt and flex on longs in here daily after the recent move up. It's puzzling. A lot of traders in here trade the daily, weekly, or longer tf charts while you're zoomed in to the 1min chart playing on leverage and you've admitted to booking losses recently. Both you in the short term, and them in the long term, can be right, so why all the back and forth?\n\nI understand your trading position, and could even be persuaded to agree with it in the (very) short term, but I don't understand the overconfident exuberance and I think that's where the downvotes are coming from. Is it a coping mechanism?\n\nEither way, good luck mate.", '14j6j57'], ['u/ImpudicusFungus', 11, '2023-06-26 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jplt8mw/', 'I think you forget that he is preaching $10k BTC which is not going to happen IMO', '14j6j57'], ['u/escendoergoexisto', 10, '2023-06-26 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jplzcad/', 'Out of boredom and belief in the Corn, I’ve been buying spot for my hodl stack on this dip…no big buys but several small ones.\n\nEdit—mostly using a Volume Weighted Average Price indicator to determine buy targets.', '14j6j57'], ['u/delgrey', 10, '2023-06-26 19:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpm1ka5/', 'So we doin 25k again?', '14j6j57'], ['u/comicland', 11, '2023-06-26 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpmnl02/', "On the road. What's going on with volume?", '14j6j57'], ['u/imissusenet', 11, '2023-06-26 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpmruxq/', "From today's Halftime Report:\n\n[https://www.cnbc.com/video/2023/06/26/data-sharing-agreements-for-crypto-etfs-will-make-the-sec-more-comfortable-wisdomtrees-schwartz.html](https://www.cnbc.com/video/2023/06/26/data-sharing-agreements-for-crypto-etfs-will-make-the-sec-more-comfortable-wisdomtrees-schwartz.html)", '14j6j57'], ['u/ChadRun04', 11, '2023-06-26 23:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpmzzzq/', 'The state only likes things when they add to their capabilities to surveil the populace and maintain power? Shocked! ;)', '14j6j57']]], ['u/Quirky-School-4658', '2023 Villars Lead & Speed WC Hub', 11, '2023-06-26 07:04', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/', "\\\\Please make sure to use SPOILER TAGS in this thread for broadcasted rounds, then comment away in the live chats and post-game discussion threads!\\\\\n\nLead continues, speed is back, and paraclimbing makes its last appearance of the season. From June 30th to July 2nd, the athletes gather in the mountain town of Villars, Switzerland.\n\nLive chats and post-game threads will be posted throughout the week. Check out the sidebar for answers to some FAQs and to see some of the cool tools that users have been making recently.\n\n\\[Live Chat\\], \\[post-game\\]\n\nSchedule:\n\nSATURDAY, 24 JUNE: [Paraclimbing Finals](https://www.youtube.com/live/1BtCxJLPu1A?feature=share)\n\nFRIDAY, 30 JUNE:\n\n* 13:00\xa0 \xa0LEAD QUALIFICATIONS\n\nSATURDAY, 1 JULY:\n\n* 12:00\xa0 \xa0LEAD SEMI-FINALS\n* 20:00\xa0 \xa0LEAD FINALS\n\nSUNDAY, 2 JULY:\n\n* 12:00\xa0 \xa0SPEED QUALIFICATIONS\n* 18:00\xa0 \xa0SPEED FINALS\n\nAll times/dates are in local time UTC+2 [Time zone converter](https://www.timeanddate.com/worldclock/converter.html?p1=1889)\n\n[Startlist](https://ifsc.results.info/#/event/1298/registrations)\n\nLive scoring/results: [Here](https://ifsc.results.info/#/event/1298) and on the 'WC Series' app.\n\nHow to watch:\n\n* [IFSC YouTube page](https://www.youtube.com/@sportclimbing/streams) with a VPN for the USA\n* Eurosport\n* Discovery+\n* Olympic Channel (available 24 hours after)\n* J Sports (Japan)\n* Anywhere else?\n\nThoughts on having this hub thread default to being sorted by 'new' instead of 'best'?\n\nMore info on the Olympic qualification prediction contest coming soon. There will be some questions and polls for the community regarding the details so be ready with your fearless feedback.", 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/', '14j7r3p', [['u/menelauslaughed', 11, '2023-06-26 07:15', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/jpjzpbl/', 'Thank you for posting these!\n\nI’m sad Ai won’t be there but excited to see a head to head between Oriane, Janja, Natalia, and Brooke!', '14j7r3p'], ['u/NoArmadillo6816', 11, '2023-06-26 14:07', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/jpkvdcw/', 'oh shit, ondra is signed up', '14j7r3p'], ['u/mmeeplechase', 11, '2023-06-26 15:06', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/jpl1th3/', 'Rooting for Molly Thompson-Smith to get into finals this time around after such a near miss in Innsbruck! Also would love to see Jesse Grupper do well (although those 2 are coincidentally a couple of my favorite co-commentators…).', '14j7r3p']]], ['u/rBitcoinMod', 'Daily Discussion, June 26, 2023', 48, '2023-06-26 08:03', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14iei6x/daily_discussion_june_25_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/', '14j8upe', [['u/LiteratureUsual614', 15, '2023-06-26 13:57', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/jpkuc09/', 'I just bought. Dip incoming!', '14j8upe'], ['u/Ok-Abbreviations6442', 16, '2023-06-26 14:13', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/jpkvz5x/', "I just can't shake the feeling that I need to be stacking as hard as fucking possible right now.... I'm running out of crap to put on ebay and my bi-monthly DCA just isn't getting me there fast enough....", '14j8upe'], ['u/Llonga', 10, '2023-06-26 16:08', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/jpl9kri/', 'That’s Muun charging you what they want.', '14j8upe']]], ['u/PsychologicalFox1880', 'How far have we actually dropped? (How far are we gonna pump back up?)', 16, '2023-06-26 11:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/', 'So because the sentiment in the crypto market is starting to become a bit bullish again and confidence is coming back, I’ve decided to see just how much money you would make if you invested now and BTC and various other alt coins simply just pump back up to their previous all time highs. \n\n1. BTC: 127%\n2. ETH: 157% \n3. MATIC: 339% \n4. XRP: 604% \n5. LINK: 750% \n6. XLM: 855% \n7. DOT: 961%\n8. ADA: 962% \n9. SOL: 1433% \n10. BCH: 1847%\n\nI do believe that if coins start getting back to their all time highs, the bull run will commence and we will continue to see even more significants gain in their prices and our wallets but nothing is confirmed yet and there is no guarantee that we are bullish right now.', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/', '14jciuu', [['u/CyberPunkMetalHead', 35, '2023-06-26 11:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkjmcf/', "So if you bought BCH around ATH, you'd need to 18x the current price just to break even. Ooof", '14jciuu'], ['u/Calm-Cartographer677', 10, '2023-06-26 11:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkjr6b/', "That's actually better than a lot of other altcoins I bought in the last bull run lmao.", '14jciuu'], ['u/DBRiMatt', 11, '2023-06-26 11:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkjwis/', 'And realisitcally; of those 10, which ones do you see reaching ATH again?\n\nBTC, ETH... maybe MATIC too?', '14jciuu'], ['u/raincloud82', 11, '2023-06-26 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkr2vk/', "I would expect DOT to be there as well, it's a good product and seems to have been spared by the SEC so far.", '14jciuu']]], ['u/Falkvinge', 'Five days until the censorship of /r/bitcoin et al becomes ineffective.', 45, '2023-06-26 12:16', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/', 'Good morning, Reddit (and the Bitcoin Cash community). Today, we\'re five days away from the [r/bitcoin](https://www.reddit.com/r/bitcoin/) and [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) censorship stranglehold ending.\n\nThis will have implications. Since 2017, [r/bitcoin](https://www.reddit.com/r/bitcoin/) has been able to tell their number-go-up speculation story to about four million people (counting the number of subscribers in 2017 vs today), and permaban anyone who merely quotes the title of the very Bitcoin whitepaper for the subreddit. [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) probably has a similar number. But this is still far, far away from the potential audience of peer-to-peer electronic cash, which easily counts another four billion, with a B.\n\nToday, we are five days away from the effective end of mobile support for Reddit, with the ban of all working mobile Reddit apps (most likely including the one I use, BaconReader) as of July 1. This, of course, means people will no longer get their news from Reddit anymore, but from elsewhere. What this "elsewhere" is, is yet to be determined, but we can be reasonably certain that the number-go-up crowd don\'t hold a deadlock on it, with the means to ban any opposing viewpoints to create a monoculture echo chamber.\n\nThere\'s another thing here working to our advantage: our narrative of a means of exchange means that we\'re working for trade, in the classical sense (as opposed to speculation). We want people to do voluntary trades with each other, we want social connections to form in those trades. That means we have a natural advantage in that we seek to connect with other people, and helping them profit from new technology. In contrast, the number-go-up people\'s communication with other people and other crowds is largely limited to messages like "have fun staying poor". This is not a particularly attractive message, to give the understatement of the week on a Monday morning.\n\nSo as we lose Reddit as a Schelling point (the natural gathering location for most people), [r/bitcoin](https://www.reddit.com/r/bitcoin/) and [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) will lose the singular function they have been turned into. This means it\'s up to us to start talking, and to demonstrate, and to show, and to help, and to make, and to do. We still have four million indoctrinated people who will try to downplay us, simply because they know nothing else, but the ones pulling the strings will have lost their chokepoint on indoctrinating all new recruits to the movement of cryptocurrency. There will be new places, and those places won\'t be restricted, and some people will come there.\n\nFive more days. This is how we break out of the narrative stranglehold - and it\'s going to be a timescale of a few years, not faster.\n\n(Notably, the Wikipedia article on Bitcoin Cash is already far more balanced than it was a year or two ago, which is evidence toward the right direction.)', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/', '14jdd0i', [['u/bitcoincashautist', 15, '2023-06-26 12:47', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpko3t0/', 'Twitter is the place to be, it is the narrative arena, and BCH has good game there', '14jdd0i'], ['u/jldqt', 20, '2023-06-26 14:17', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpkwd4c/', 'Twitter is great for announcements. For discussions, not so much.', '14jdd0i'], ['u/nudgetravel', 13, '2023-06-26 14:27', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpkxg66/', "I'm shutting down this Reddit account on Friday, and focusing my best efforts on \\[promoting Bitcoin Cash on Twitter\\](https://twitter.com/TheNudge4). I understand that perhaps Lemmy or Kbin may come up as viable alternative link aggregators, but it's important to stop supporting a site whose CEO that doesn't care about its third party app developers or moderators.", '14jdd0i'], ['u/jldqt', 11, '2023-06-26 14:37', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpkyix8/', 'Oh yes. Discord, Telegram and Slack are purely "chat apps" for real-time communication. Having multiple-party discussions over a long period of time are just terrible.', '14jdd0i'], ['u/Twoehy', 16, '2023-06-26 16:01', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpl8n25/', 'I’m not so convinced in the death of Reddit, but let’s see?', '14jdd0i']]], ['u/Rajang7', '"BRICS alliance, made up of Brazil, Russia, India, China, and South Africa, exploring the viability of Bitcoin as an alternative to the US dollar in global financial structures, aiming to diversify away from the USD and utilise Bitcoin\'s blockchain technology for a more efficient financial system"', 65, '2023-06-26 12:28', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/', '[https://www.rateweb.co.za/news/capital-markets/crypto-news/brics-in-bitcoin-bet-could-crypto-dethrone-the-us-dollar/](https://www.rateweb.co.za/news/capital-markets/crypto-news/brics-in-bitcoin-bet-could-crypto-dethrone-the-us-dollar/)', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/', '14jdlap', [['u/AxioMToR', 22, '2023-06-26 12:35', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkn3m2/', 'Bitcoin is not backed by the dollar lol', '14jdlap'], ['u/Extreme_Literature28', 13, '2023-06-26 12:38', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkneab/', 'This would make a lot of sense I think. Bitcoin is a neutral asset. For trade you need a transparent ledger to know who owes what to whom. This is what bitcoin does best.', '14jdlap'], ['u/AxioMToR', 11, '2023-06-26 12:40', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpknhyg/', 'You explain how it’s backed by dollars? Satoshi has a giant bank account with JP Morgan to ensure that every sat can be redeemed by dollars?', '14jdlap'], ['u/Sure_Contribution962', 16, '2023-06-26 12:43', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpknt12/', 'Maybe you think its the reference currency because USA newpapers are using dollar? In Europe we compare it to Euro, in China they compare it to Yuan. There is no reference currency for it', '14jdlap'], ['u/Hodl_it', 10, '2023-06-26 12:52', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkohza/', "Who said it's not associated with JPY and EUR?", '14jdlap'], ['u/BTCMachineElf', 11, '2023-06-26 12:52', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkoicr/', "Bitcoin is priced in your local currency in your market.\n\nFor you, that may be USD. For me, it is VND. For anther, it is EUR.\n\nBitcoin is not backed by anything but computers and math. There isn't a bitcoin company to organize the backing of it, or to 'cash you out'. Bitcoin is just an open protocol run by the users, sold to users by users.", '14jdlap'], ['u/FairBlamer', 67, '2023-06-26 13:12', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkq4zu/', 'Read the article. There is absolutely no evidence provided whatsoever to support the notion that BRICS countries are “exploring Bitcoin as an alternative to the US dollar in global financial structures” nor that they are “aiming to diversify away from the USD and utilise Bitcoin’s blockchain technology for a more efficient financial system.”\n\nThis is pure hype based on zero real evidence.\n\nClickbait at its best.', '14jdlap'], ['u/FairBlamer', 14, '2023-06-26 13:49', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpktiuw/', 'If you can’t see the leap from that to the clickbait headline on this post, I can’t help you.\n\nNot to mention no links/citations provided, vague sentiments like “the head of the bank… suggested” with no quotes for readers to check themselves, no actual direct mentions of bitcoin, etc.', '14jdlap'], ['u/FairBlamer', 12, '2023-06-26 14:12', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkvurp/', 'No offense, but looks like that’s the real news that should be shared here (and it’s a few months old). All the OP article did is wildly and inaccurately paraphrase it and not even include a reference to it either. Comes off as very disingenuous and done in bad faith for clicks.\n\nIt’s bad practice for writing and it should be fixed ASAP.', '14jdlap']]], ['u/Digi_Ammaz', 'South Korean Court Rules That Bitcoin ‘Is Not Money’.', 68, '2023-06-26 12:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/', 'A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets.\n\nThey think that it is ‘impossible to set interest rates when lending bitcoin’ as cryptocurrency is not money.\n\nThe two firms, the court heard, signed a contract involving Bitcoin in October 2020.\n\nThe first firm, referred to as Company A, was described as a “fintech company” that works with “cryptoassets.”\n\nA second firm, Company B, penned a deal with A that saw it borrow BTC 30 for three months.\n\nCompany B appears to have agreed to pay Company A BTC 1.5, a sum equivalent to 5% of the total, for the first two months, and BTC 0.75, a sum equivalent to 2.5% for the final month.\n\nBut issues arose when Company B “failed to repay the Bitcoin properly.”\n\nAt this point, the court heard, Company A “extended the loan period to April 2021,” and “changed the interest rate to BTC 0.246 per month, a sum equivalent to an annual interest rate of 10%.\n\nBut when Company B failed to repay its creditor in accordance with the terms of the contract, Company A filed a civil lawsuit.', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/', '14jdy1h', [['u/ChemicalGreek', 37, '2023-06-26 12:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/jpkp14h/', 'Meanwhile the money we use now have an unlimited printer 🤷🏻\u200d♂️\n\nIt’s all about power and control aka centralization!', '14jdy1h'], ['u/Every_Hunt_160', 14, '2023-06-26 13:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/jpkpi93/', 'Technically magic Internet money is still money in my books', '14jdy1h']]], ['u/Neat-Finger197', 'Potential impact of BlackRock’s ETF (if approved)', 89, '2023-06-26 13:24', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/', "“About 11% of Bitcoin's current supply is sitting on exchanges representing roughly 2.2 million coins. Based on today's prices, that equates to around $66 billion worth of Bitcoin.\n\nFrom BlackRock's perspective, $66 billion is measly. Yet if just 0.7% of BlackRock's assets were allocated to Bitcoin, it would be enough to absorb all the coins currently available on exchanges.”\n\n-Motley Fool \n\nNo one is bullish enough, IMO", 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/', '14jence', [['u/SouthJazz1010', 51, '2023-06-26 13:34', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpks41o/', 'How much paper BTC are exchanges holding, can you find a estimate?', '14jence'], ['u/Neat-Finger197', 16, '2023-06-26 13:38', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpkshx8/', 'Great Q, no idea', '14jence'], ['u/Abundance144', 21, '2023-06-26 15:04', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpl1hdb/', "Assuming that they're going to 100% cover their base with actual bitcoin and not rehypothicated bitcoin which they then re-rehypothicate.", '14jence'], ['u/standardcrypto', 13, '2023-06-26 17:37', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplmfc7/', 'Only the risk that selling paper bitcoin could drive blackrock into bankruptcy.\n\nhttps://www.youtube.com/watch?v=UFCF2Fx0q0k&t=4s\nMatthew Kratter, "BlackRock\'s Big Bitcoin Bet"\n\nThe gold ETF buys real gold.\nThe bitcoin ETF will buy real bitcoins.\n\nThe gold ETF might be able to run shenanigans due to cost of withdrawing gold. The bitcoin ETF will not be able to run same shenanigans. \n\nIf approved, Blackrock etf will move price.', '14jence'], ['u/KAX1107', 47, '2023-06-26 17:41', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplmwp7/', 'Blackrock will not get 1 sat from me\n\nDollar exchange rate is irrelevant\n\nRun a node and home miner. Defend bitcoin. Everything else is noise.', '14jence'], ['u/smokebox', 10, '2023-06-26 17:45', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplnnel/', 'Everything I\'ve seen, and a quick skim of the filing with the SEC, it is a spot ETF. From the 15Jun filing:\n\n"An investment in Shares is:\n\n*Backed by bitcoin held by the Bitcoin Custodian on behalf of the Trust.\n\n\n\nThe Shares are backed by the assets of the Trust. The Bitcoin Custodian will keep custody of all of the Trust’s bitcoin, other than that which is maintained in a trading account (the “Trading Balance”) with Coinbase, Inc. (“Coinbase Inc.” or the “Prime Broker”, which is an affiliate of the Bitcoin Custodian), in accounts that are required to be segregated from the assets held by the Bitcoin Custodian as principal and the assets of its other customers (the “Vault Balance”). The Bitcoin Custodian will keep a substantial portion of the private keys associated with the Trust’s bitcoin in “cold storage” or similarly secure technology (the “Cold Vault Balance”), with any remainder of the Vault Balance held as part of a “hot storage” (the “Hot Vault Balance”). The hardware, software, systems, and procedures of the Bitcoin Custodian may not be available or cost-effective for many investors to access directly. A portion of the Trust’s bitcoin holdings and cash holdings from time to time may be held with the Prime Broker in the Trading Balance in connection with in-kind creations and redemptions of Baskets and the sale of bitcoin to pay the Sponsor’s Fee and Trust expenses not assumed by the Sponsor. These periodic holdings held in the Trading Balance with the Prime Broker represent an omnibus claim on the Prime Broker’s bitcoin held on behalf of clients; these holdings exist across a combination of omnibus hot wallets, omnibus cold wallets or in accounts in the Prime Broker’s name on a trading venue (including third-party venues and the Prime Broker’s own execution venue) where the Prime Broker executes orders to buy and sell bitcoin on behalf of clients."\n\n\n\nThe more I skim, the more I find. Another line under risk factors:\n\n"Because the Trust holds only bitcoin, an investment in the Trust may be more volatile than an investment in a more broadly diversified portfolio."\n\nSpecifically spelling out that the ETF will only be bitcoin. I also posted a few more lines above under that other mini-thread...', '14jence'], ['u/guiseppi72', 20, '2023-06-26 18:40', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplvw6q/', 'For the 100th time to all the naysayers out there: THE BTC WILL BE HELD BY A CUSTODIAN. THE ETF WILL BE BACKED BY BTC.\n\nIf anyone doesn’t believe this… oh well, cheaper corn for me 🤷🏻\u200d♂️', '14jence'], ['u/comfyggs', 15, '2023-06-26 19:41', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpm5btv/', "Motley Fool is complete trash. Don't even try to think their content is meaningful. \n\nPs. All that money that BlackRock manages, manages being the key word, it's not their money. It's their clients money. \nWhat they can do is convince their customers to purchase said products but it's still the customers money, not BlackRock", '14jence']]], ['u/pico020', 'Crypto changed my life', 68, '2023-06-26 14:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/', "Hi guys,\n\nFirst of all I want to say thank you for this amazing subreddit! It's my every morning wake up read and I learn a lot about crypto what I should do and certainly what I shouldn't do. \n\nIn 2020 I was introduced to crypto through a friend who made a lot of money with the BNB coin. Too had he told me to late, but I can understand that in a way. I bought a little at the hype and a lot more after the Elon Musk debacle. I didn't know what I was doing so I just bought more when it all went down more.\n\nAfter my first investments I started to study crypto, blockchain technology, different projects and white papers. I was interested, but after that I was fascinated. I believed and still believe in some projects and learned how to DCA in coins and tokens I'm confident with. DCA made me calm and I didn't care to much for the price. When it went down I was OK with it because my DCA price went down, when it went up I enjoyed the green candles and dildos. It gave me hope.\n\nI think I'm too late to become filthy rich of crypto, but I believe my portfolio could go three times from here. BTC at 90K and ETH at 6K isn't unrealistic. \n\nCrypto made me think about money more then I've ever done. It changed my life in a very good way. I stopped smoking to invest money in crypto, my partying days were over, also because of covid, but most important I could get some extra money in crypto. I started to work more and my wife to be supported me with my investments. We even play board and card games for a little money and invest that in a coin every month.\n\nBefore crypto I wasn't able to safe money at all. The interest I was getting was never really interesting and I loved to play PlayStation games so I bought them now and then. Now I'm able to safe some money in crypto. I feel confident and we're still enjoying life. We'll go on a trip to Portugal for a while next month and we will get married in 2025. \n\nJust wanted to get this of my chest. I'm a happy man, despite a red portfolio. The future feels bright.", 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/', '14jfhb6', [['u/ProjectZeus', 10, '2023-06-26 14:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/jpkvrr0/', 'This is like thanking the meth dealer for curing your addiction to heroin', '14jfhb6'], ['u/The-Aspect-of-Wisdom', 22, '2023-06-26 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/jpkwkqk/', 'Great to hear you were able to make some positive changes in your life, even better to hear that you used the extra money to invest.\n\nCongratulations on your engagement, I hope the next bull run is glorious so you need spare no expense for your wedding day!', '14jfhb6']]], ['u/Orduss', 'A little analysis of the locations in the trailer (and screenshots)', 62, '2023-06-26 14:31', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/', 'In the gameplay trailer and the screenshots we can see a handful of locations, but I think that some of them are in the same hub.\n\n"Volcanic zone"\n\nThis zone is the most shown in the trailer.\n\n[Here we can see a construction site around a statue and a volcano in the background](https://preview.redd.it/gr58f9leqc8b1.jpg?width=1919&format=pjpg&auto=webp&v=enabled&s=ba10ef51ee582c55759e69a3ae10ccc31da1f127)\n\n[The same statue can be viewed \$circled in green\$, we can also see some \\\\"coral\\\\" towers \$circled in blue\$](https://preview.redd.it/lngvbuhkqc8b1.jpg?width=1919&format=pjpg&auto=webp&v=enabled&s=8a379cf444118d08aa8393ef45987d7c15f91431)\n\n[We can see the exact same coral tower here \$circled in dark blue\$ and the volcanic zone \$circled in red\$](https://preview.redd.it/wlq0dqqwqc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=6512536a0b0451deef347dee14612f762779b01c)\n\n[The coral towers from the second image are also visible here, we can also the a monolithic structure \$circled in yellow\$](https://preview.redd.it/jxhc6cb2rc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=e8c7b5991ced9e64c6edf107014921cfdf8a622b)\n\n[In the last scene of the trailer we can see the volcanic zone and the same type of monolithic structure \$circled in yellow\$](https://preview.redd.it/rfbihec8rc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=58da9efcfca21e75a13da9a7b4720eb8494d3fc2)\n\nMaybe these screens belong to different but close areas, but to me they all belong to the same big area.\n\n"The port"\n\n[Here we can see the port, probably the first city and maybe a big one.](https://preview.redd.it/aloqz0kprc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=22ca069e233b7cd28a704644a673389b6efa04df)\n\n[We can see a strange structure \$circled in red\$, like a construction covered by coral.](https://preview.redd.it/r0hxs0vvrc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=073aadb75ce4ab3ddc1241e6c67e589a391eb311)\n\n[This structure is also visible in this screen \$circled in red\$, which confirms that these are probably the same zone. The city seems pretty big, but maybe it isn\'t fully explorable.](https://preview.redd.it/tdhm399zrc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=b73625bb1e8330af383c62d550d1bfa7a016cad2)\n\n\n\n"Steppes"* or "Savanna"\n\n[Only one image here but this zone seems pretty different from the others, like savanna or barren steppes.](https://preview.redd.it/r67yo7cbsc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=ce407f5036796ca63bfa19bfa56635e9648f577c)\n\n"Another settlement" or "the port"\n\nHere I\'m not really sure if this zone is different from the port or not.\n\n[At the left we can see another settlement, in a militaristic style. In blue we can see a more \\\\"monolithic architecture\\\\".](https://preview.redd.it/lk5czjgqsc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=033093aceeb1e12a0c125f6c62837b4566108cd1)\n\n[We can see more of this settlement.](https://preview.redd.it/n5npxdzusc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=9324a761c910cab5f7292b4c5ffde9028cdd2abd)\n\n[This screen is clearly in the same area, we can recognize the trees\' species \$circled in green\$. In blue we can see another example of this monolithic architecture.](https://preview.redd.it/prt9jaazsc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=0854e5caa65f1117ddd17ba77048765c0dd7d13b)\n\n[This is clearly the same architecture here.](https://preview.redd.it/vkyyjjebtc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=b41ea86adaf050d36cc3cb28b4880c92347ecc30)\n\n\n\n[But on this screen we can see the same specie of tree \$circled in green\$ and a similar architecture \$circled in blue\$.](https://preview.redd.it/hii2d0xetc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=faf6bc24cbcb3d7f7c1ed7d7b17d86a5b29e8969)\n\n[More of the same architecture.](https://preview.redd.it/u9r51dwjtc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3bac32cd726f0f15f1a905937340725481d8658a)\n\nSo, maybe the two settlements are in a similar biome and maybe this architecture is widespread in the Living Lands, but it\'s interesting nonetheless.\n\n\n\n"The sewers and the lab"\n\n\n\n[For me this lab is clearly located in the sewers, because of the sequence of shots between the next image and this one in the trailer.](https://preview.redd.it/5y6oey2wtc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3b71b4ca2070f203b0933100835d7b439d64c080)\n\n[And for me this sewer is located under the city of the port, we can see manholes \$circled in green\$.](https://preview.redd.it/zv2k5b12uc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=89b45abc5d53999b960fd50dc62014b874c8ea8b)\n\n[The same manholes are visible here.](https://preview.redd.it/v4qjrv18uc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=19572b87235aa37fd3d3b5778435159f01a0db71)\n\nIt wouldn\'t be the first time that animancers want to hide from others.\n\n\n\n"The dark forest and the ruins"\n\n\n\n[This screen is like the one of the savanna for me, it shows us a completely different biome of the game.](https://preview.redd.it/6ii6mmeguc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=898e14242819e325d6af404bd86b88a1fd20a107)\n\nThe buildings seem to be ruins.\n\n\n\n"The ogre and the strange coral formations"\n\nhttps://preview.redd.it/lx2gkx0zuc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=715e244cd6e01087df1fc8fc38d275b219391695\n\nI\'m really not sure on this one but we can see strange corals formations in this screen, it seems to indicate that this zone is different from the others.\n\n\n\nSo, for me, we\'ve seen 6 biomes in the trailer : the volcanic zone, the european forest and the port, the coral zone of the ogre, the dark forest, the steppes and finally the diverse undergrounds with the undeads.\n\nWhat is interesting to me is that :\n\na. Some zones share the same biome\n\nor\n\nb. Some zones are bigger than what the trailer seems to show at first.\n\n\n\nBeyond that, in almost every zones we can see ruins with this "coral" architecture, maybe they\'re the Engwithans of the Livings Lands. We can also see that the "monolithic" architecture is pretty widespread.\n\nTL;DR : I\'ve too much spare time right now.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/', '14jg22k', [['u/Necrome112', 17, '2023-06-26 14:51', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jpl016t/', 'Dude great work!', '14jg22k'], ['u/gingereno', 10, '2023-06-26 15:32', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jpl4wql/', 'HOLY expletive !!! My dude, great expletive job! You caught so many details, and helped build a mindmap for me of this map. Thank you x1000', '14jg22k'], ['u/Adridactelo', 16, '2023-06-26 16:01', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jpl8op3/', 'In the [Xbox Wire](https://news.xbox.com/en-us/2023/06/11/obsidians-avowed-is-coming-in-2024/) article there are several images of the game with names that could be that of the locations.\n\nThe "Volcanic Zone" seems to be called "Galawains Tusks" and the last screenshot of "The port" is called "Dawnshore Eastern Overlands". I guess Dawnshore may be the name of the city.', '14jg22k'], ['u/David_Benefield', 11, '2023-06-26 16:13', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jplabra/', 'Oh excellent attention to detail! And some great theories! Thanks for sharing :)', '14jg22k']]], ['u/abidouisme', 'To ease your waiting dilemma, here are the most LEMMiNO style videos that I know of.', 458, '2023-06-26 15:13', 'https://www.reddit.com/r/LEMMiNO/comments/14jh0lm/to_ease_your_waiting_dilemma_here_are_the_most/', "YouTube channel: Pulsar\n\n\\- The Waratah Mystery\n\n[https://www.youtube.com/watch?v=bdv2ZRBn6-E](https://www.youtube.com/watch?v=bdv2ZRBn6-E)\n\n\\- Enigmatic Unearthly Encounters\n\n[https://www.youtube.com/watch?v=Fyn96UTA4ok](https://www.youtube.com/watch?v=Fyn96UTA4ok)\n\n\\- The Puzzling Enigma of Amelia Earhart\n\n[https://www.youtube.com/watch?v=P5OBX96-5gA](https://www.youtube.com/watch?v=P5OBX96-5gA)\n\n\\- The Art Heist of The Century\n\n[https://www.youtube.com/watch?v=nRcSJFHK23M](https://www.youtube.com/watch?v=nRcSJFHK23M)\n\n\\- The Haunting Sodder Family Case\n\n[https://www.youtube.com/watch?v=tn80cfFF67o](https://www.youtube.com/watch?v=tn80cfFF67o)\n\nYouTube channel: Bedtime Stories \n\n\\- The Strange and Enigmatic Betz Sphere\n\n[https://www.youtube.com/watch?v=oADLn1yUQDU](https://www.youtube.com/watch?v=oADLn1yUQDU)\n\n\\- The Warminster Thing\n\n[https://www.youtube.com/watch?v=puTOEFG2U3k](https://www.youtube.com/watch?v=puTOEFG2U3k)\n\nYouTube channel: Nick Crowley\n\n\\- The Dyatlov Pass Incident\n\n[https://www.youtube.com/watch?v=Ee8iLRVOHDw](https://www.youtube.com/watch?v=Ee8iLRVOHDw)\n\n\\- The Khamar Daban Incident\n\n[https://www.youtube.com/watch?v=RZXr2LlnG9o](https://www.youtube.com/watch?v=RZXr2LlnG9o)\n\nYouTube channel: Nexpo \n\n\\- Lake City Quiet Pills: An Internet Mystery\n\n[https://www.youtube.com/watch?v=DHWYTwY0hiw](https://www.youtube.com/watch?v=DHWYTwY0hiw)\n\n- Investigating Mysterious Encounters from Randonautica\n\n[https://www.youtube.com/watch?v=Dyz9VzNSF60](https://www.youtube.com/watch?v=Dyz9VzNSF60&t=148s)\n\n- Mysteries in Online Video Games\n\n[https://www.youtube.com/watch?v=hKlUQeTRUDo](https://www.youtube.com/watch?v=hKlUQeTRUDo&t=1235s)\n\nYouTube channel: blameitonjorge\n\n- The Best Documented UFO Case: Lonnie Zamora\n\n[https://www.youtube.com/watch?v=eZRu3Ao6zK8](https://www.youtube.com/watch?v=eZRu3Ao6zK8)\n\n- The Cult With CIA Ties\n\n[https://www.youtube.com/watch?v=TCSZ9fsqsu8](https://www.youtube.com/watch?v=TCSZ9fsqsu8)\n\n\\- The Video Game Tied to a Cult\n\n[https://www.youtube.com/watch?v=hW7n4rh4HaY](https://www.youtube.com/watch?v=hW7n4rh4HaY)\n\n\\- Strange Sounds from 96.7FM\n\n[https://www.youtube.com/watch?v=j7aBITkr3W4](https://www.youtube.com/watch?v=j7aBITkr3W4&t=1390s)\n\n\\- The Vanishing of David Lewis\n\n[https://www.youtube.com/watch?v=lL0CkSNUIG8](https://www.youtube.com/watch?v=lL0CkSNUIG8&t=39s)\n\n\\- Searching for The Five\n\n[https://www.youtube.com/watch?v=hCsPV0eiqxg](https://www.youtube.com/watch?v=hCsPV0eiqxg)\n\nYouTube channel: Barely Sociable\n\n\\- Mortis - Internet Mysteries\n\n[https://www.youtube.com/watch?v=1ci3l7pnfdk](https://www.youtube.com/watch?v=1ci3l7pnfdk)\n\n\\- Redditor Under Surveillance\n\n[https://www.youtube.com/watch?v=k\\_B3a2cCqo0](https://www.youtube.com/watch?v=k_B3a2cCqo0)\n\n\\- The SOS Sign Incident - An Unsolved Mystery\n\n[https://www.youtube.com/watch?v=snWvNkJCCs8](https://www.youtube.com/watch?v=snWvNkJCCs8)\n\nYouTube channel: Cadaber\n\n- The Tragic and Bizarre Case of Christine Collins\n\n[https://www.youtube.com/watch?v=ztaHlQTd18k](https://www.youtube.com/watch?v=ztaHlQTd18k)\n\n\\- The Mysterious Disappearance of George Owens\n\n[https://www.youtube.com/watch?v=KNZdsod4zbE](https://www.youtube.com/watch?v=KNZdsod4zbE)\n\n\\- The Tragic Vanishing of Dale Williams\n\n[https://www.youtube.com/watch?v=ec9QVIE58qU](https://www.youtube.com/watch?v=ec9QVIE58qU)\n\n- The Investor Mystery\n\n[https://www.youtube.com/watch?v=eRYcd2vAWxs](https://www.youtube.com/watch?v=eRYcd2vAWxs)\n\n- The Ghost Blimp\n\n[https://www.youtube.com/watch?v=YgLGl-1VjZk](https://www.youtube.com/watch?v=YgLGl-1VjZk)\n\n- The Most Cryptic Game on the Internet\n\n[https://www.youtube.com/watch?v=-PH-qXNOJpA](https://www.youtube.com/watch?v=-PH-qXNOJpA)\n\nYouTube channel: Fredrik Knudsen\n\n- The Battle of May Island\n\n[https://www.youtube.com/watch?v=IZS0RpOgdfQ](https://www.youtube.com/watch?v=IZS0RpOgdfQ)\n\nYouTube channel: Chill Fuel\n\n\\- The Vanishing Ship - The Mary Celeste\n\n[https://www.youtube.com/watch?v=EZXMKKuaUPc](https://www.youtube.com/watch?v=EZXMKKuaUPc)\... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Solana, Polygon, Cardano, and other tokens being dragged into the court battles by the Security and Exchange Commission (SEC) have lost 15%, or $5 billion, off their collective market capitalizations, according to a Decrypt analysis of CoinGecko data. On June 5 and June 6, the SEC filed lawsuits against Binance and Coinbase \x97two of the largest crypto exchanges in the industry. Among the charges leveled at the two exchanges were allegations they were selling unregistered securities . The industry wasted no time calling the declarations \x93 pretty unfair ,\x94 But that hasn't stopped the tokens from taking some collateral damage. SEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit According to the SEC\x92s lawsuits against Binance and Coinbase, a handful of cryptocurrencies were named, including: Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos Hub (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS), and COTI (COTI). On June 12, a week after the SEC lawsuits were filed, Messari Crypto published its Ecosystem Brief: Rollup Specialization report. Messari's emerging markets category, which includes many of the projects labeled securities by the SEC, showed a 25% drop since the lawsuits were filed. But a handful have already started to make a recovery. Filecoin and Algorand are both within 2% of the market capitalizations they had when the lawsuits were filed. The Cosmos ATOM token has a 5% gap to close. The rest haven't been as lucky. Binance has been suffering an especially harsh regulatory clampdown around the world, with authorities closing in on the platform in several countries. That's likely why its exchange utility token, BNB, has seen its market capitalization drop 21% in value, going from $47 billion to $37 billion since the SEC lawsuit was filed. Charles Hoskinson\x92s Cardano also saw its market capitalization plummet. The 8th largest asset on Coingecko is currently trading at $0.29, with a market cap of $10 billion\x97down 17% from when the SEC lawsuits were filed. Story continues Picking and Choosing Tokens to Prosecute Is 'Pretty Unfair,' Says Former SEC Cyber Chief Polygon has struggled the most to recover from the blow dealt by the SEC. Today it holds roughly $6 billion in market value, down 20% from the $8 billion market cap it had at the start of th emoney. The token, according to Coingecko , trades at $0.66 today. Some assets marked by Messari as emerging tokens were not included in the SEC\x92s lawsuit, but still suffered losses. Avalanche ( AVAX ), albeit one of the biggest winners in last week\x92s bullish rally, has seen its market cap drop roughly 6% since the lawsuits were filed and is currently sitting at $4.6 billion. Optimism ( OP ), on the other hand, shed 17.5% of its total market cap over the same period and was sitting at $855 million as of writing. Keep in mind, however, that despite these important drops in token prices, the crypto market has been on a bullish rally over the past week. The BlackRock Rally , so-named due to the traditional finance titan\x92s filing for a spot Bitcoin ETF last week, pushed Bitcoin, the number one cryptocurrency, over $31,000 for the first time in months, raising the tide for the majority of tokens.", "Solana, Polygon, Cardano, and other tokens being dragged into the court battles by the Security and Exchange Commission (SEC) have lost 15%, or $5 billion, off their collective market capitalizations, according to aDecryptanalysis of CoinGecko data.\nOn June 5 and June 6, the SEC filed lawsuits againstBinanceandCoinbase—two of the largest crypto exchanges in the industry. Among the charges leveled at the two exchanges were allegations they were sellingunregistered securities. The industry wasted no time calling the declarations “pretty unfair,” But that hasn't stopped the tokens from taking some collateral damage.\nSEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit\nAccording to the SEC’s lawsuits against Binance and Coinbase, a handful of cryptocurrencies were named, including:Solana(SOL),Cardano(ADA),Polygon(MATIC),Filecoin(FIL),Cosmos Hub(ATOM),The Sandbox(SAND),Decentraland(MANA),Algorand(ALGO),Axie Infinity(AXS), andCOTI(COTI).\nOn June 12, a week after the SEC lawsuits were filed,Messari Cryptopublished itsEcosystem Brief: Rollup Specializationreport. Messari's emerging markets category, which includes many of the projects labeled securities by the SEC, showed a 25% drop since the lawsuits were filed. But a handful have already started to make a recovery.\nFilecoin and Algorand are both within 2% of the market capitalizations they had when the lawsuits were filed. The Cosmos ATOM token has a 5% gap to close. The rest haven't been as lucky.\nBinance has been suffering an especially harsh regulatory clampdown around the world, with authorities closing in on the platform in several countries. That's likely why its exchange utility token, BNB, has seen its market capitalizationdrop21% in value, going from $47 billion to $37 billion since the SEC lawsuit was filed.\nCharles Hoskinson’sCardano also saw its market capitalization plummet. The8th largestasset on Coingecko is currently trading at $0.29, with a market cap of $10 billion—down 17% from when the SEC lawsuits were filed.\nPicking and Choosing Tokens to Prosecute Is 'Pretty Unfair,' Says Former SEC Cyber Chief\nPolygon has struggled the most to recover from the blow dealt by the SEC. Today it holds roughly $6 billion in market value, down 20% from the $8 billion market cap it had at the start of th emoney. The token, according toCoingecko, trades at $0.66 today.\nSome assets marked by Messari as emerging tokens were not included in the SEC’s lawsuit, but still suffered losses.\nAvalanche (AVAX), albeit one of the biggest winners in last week’s bullish rally, has seen its market capdroproughly 6% since the lawsuits were filed and is currently sitting at $4.6 billion. Optimism (OP), on the other hand, shed 17.5% of its total market cap over the same period and was sitting at $855 million as of writing.\nKeep in mind, however, that despite these important drops in token prices, the crypto market has been on abullish rallyover the past week. TheBlackRock Rally, so-named due to the traditional finance titan’sfilingfor a spot Bitcoin ETF last week, pushed Bitcoin, the number one cryptocurrency,over$31,000 for the first time in months, raising the tide for the majority of tokens.", 'Damus–a decentralized social media app based on the underlying Nostr protocol–will officially be removed from Apple’s App Store after failure to come into compliance with its Bitcoin tipping service.\n“Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped,”saidDamus over Twitter on Monday. The company said it would file an appeal due to the motion against it being “misapplied.”\nDamus lets users tip their favourite content creators through “zaps”–BTC transfers over Bitcoin’s layer 2 Lightning Network. The app is built atop the Nostr protocol and its functionality is reminiscent ofTwitter’s tipping service, integrated in 2021, which included lightning as a tipping method while the company was still led by Bitcoin bull Jack Dorsey.\nTwitter Rolls Out Bitcoin Tipping Worldwide, Exploring Verified NFT Avatars\nDamus’s message from Apple claimed that optional tips and donations were permitted, but not if related to receiving digital content. “They must use in-app purchase in accordance with guideline 3.1.1,” it stated.\nThe denial was met with skepticism by Damus, Bitcoiners, and tech leaders across the board–including Jack Dorsey himself. “Tips aren’t unlocking content,” hesaidon Monday. Later,he added: "Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission."\nEpic Games founder and CEO Tim Sweeney responded to the company’s announcementsaying“Apple must be stopped.”\nDorsey has previouslypraisedNostr as being one of the only two “truly censorship resistant technologies at scale” – the other being Bitcoin.\nWhen receiving two weeks notice to modify their tipping service earlier this month, Damus called Apple’s crackdown “pretty sus” given its timing. This was shortly before the company delivered a talk at the Oslo Freedom Forum about the importance of decentralized social networks based on lightning.\nDamus critics have claimed that Apple simply wants the company to “pay its 30%” for digital content sold on its platform. By contrast, Damusclaimsthere is no “30%” or “cut” involved, since the payment tech it provides is completely peer-to-peer.\n“If people can’t transact freely p2p on their platform, this has huge implications for the entire ecosystem of apps with lightning integration,” said Damus last week.', 'Damus\x96a decentralized social media app based on the underlying Nostr protocol\x96will officially be removed from Apple\x92s App Store after failure to come into compliance with its Bitcoin tipping service. \x93Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped,\x94 said Damus over Twitter on Monday. The company said it would file an appeal due to the motion against it being \x93misapplied.\x94 Damus lets users tip their favourite content creators through \x93zaps\x94\x96BTC transfers over Bitcoin\x92s layer 2 Lightning Network. The app is built atop the Nostr protocol and its functionality is reminiscent of Twitter\x92s tipping service , integrated in 2021, which included lightning as a tipping method while the company was still led by Bitcoin bull Jack Dorsey. Twitter Rolls Out Bitcoin Tipping Worldwide, Exploring Verified NFT Avatars Damus\x92s message from Apple claimed that optional tips and donations were permitted, but not if related to receiving digital content. \x93They must use in-app purchase in accordance with guideline 3.1.1,\x94 it stated. The denial was met with skepticism by Damus, Bitcoiners, and tech leaders across the board\x96including Jack Dorsey himself. \x93Tips aren\x92t unlocking content,\x94 he said on Monday . Later, he added : "Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission." Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission. https://t.co/kfeQNfal8Q \x97 jack (@jack) June 27, 2023 Epic Games founder and CEO Tim Sweeney responded to the company\x92s announcement saying \x93Apple must be stopped.\x94 Dorsey has previously praised Nostr as being one of the only two \x93truly censorship resistant technologies at scale\x94 \x96 the other being Bitcoin. Story continues When receiving two weeks notice to modify their tipping service earlier this month, Damus called Apple\x92s crackdown \x93pretty sus\x94 given its timing. This was shortly before the company delivered a talk at the Oslo Freedom Forum about the importance of decentralized social networks based on lightning. Damus critics have claimed that Apple simply wants the company to \x93pay its 30%\x94 for digital content sold on its platform. By contrast, Damus claims there is no \x9330%\x94 or \x93cut\x94 involved, since the payment tech it provides is completely peer-to-peer. \x93If people can\x92t transact freely p2p on their platform, this has huge implications for the entire ecosystem of apps with lightning integration,\x94 said Damus last week.', 'Damus–a decentralized social media app based on the underlying Nostr protocol–will officially be removed from Apple’s App Store after failure to come into compliance with its Bitcoin tipping service.\n“Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped,”saidDamus over Twitter on Monday. The company said it would file an appeal due to the motion against it being “misapplied.”\nDamus lets users tip their favourite content creators through “zaps”–BTC transfers over Bitcoin’s layer 2 Lightning Network. The app is built atop the Nostr protocol and its functionality is reminiscent ofTwitter’s tipping service, integrated in 2021, which included lightning as a tipping method while the company was still led by Bitcoin bull Jack Dorsey.\nTwitter Rolls Out Bitcoin Tipping Worldwide, Exploring Verified NFT Avatars\nDamus’s message from Apple claimed that optional tips and donations were permitted, but not if related to receiving digital content. “They must use in-app purchase in accordance with guideline 3.1.1,” it stated.\nThe denial was met with skepticism by Damus, Bitcoiners, and tech leaders across the board–including Jack Dorsey himself. “Tips aren’t unlocking content,” hesaidon Monday. Later,he added: "Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission."\nEpic Games founder and CEO Tim Sweeney responded to the company’s announcementsaying“Apple must be stopped.”\nDorsey has previouslypraisedNostr as being one of the only two “truly censorship resistant technologies at scale” – the other being Bitcoin.\nWhen receiving two weeks notice to modify their tipping service earlier this month, Damus called Apple’s crackdown “pretty sus” given its timing. This was shortly before the company delivered a talk at the Oslo Freedom Forum about the importance of decentralized social networks based on lightning.\nDamus critics have claimed that Apple simply wants the company to “pay its 30%” for digital content sold on its platform. By contrast, Damusclaimsthere is no “30%” or “cut” involved, since the payment tech it provides is completely peer-to-peer.\n“If people can’t transact freely p2p on their platform, this has huge implications for the entire ecosystem of apps with lightning integration,” said Damus last week.', 'Late last week, Jack Dorsey tweeted a link toNodeless—and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor.\nWhat is Nodeless, exactly?\nIn short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream.\n"Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless\'s pseudonymous creator UTXO toldDecrypt.\nStill, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users.\nIn some ways, Nodeless\'s functionality is similar toOpenNode, another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don\'t have to share identifying information to begin accepting payments using the platform. In other words, it\'s a non-KYC (Know Your Customer) service.\nUsing Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don\'t have to maintain the node over time.\nBut Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn\'t have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources.\nThere\'s still a node involved—a node isalwaysinvolved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless\'s node is the one passing on the payment. When a payment is sent to the merchant, it\'s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address.\n"Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said.\nSo, Nodeless is technically a custodial solution in that it holds a user\'s funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user\'s funds.\nSome Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn\'t like.\nBut UTXO thinks Nodeless can bypass these pressures.\nNodeless operates legally in Canada, where transactions under $1,000 don\'t require KYC identification. In the long-term, they\'re looking to move toEl Salvador, known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms."\n"I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.', 'Late last week, Jack Dorsey tweeted a link to Nodeless —and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor. https://t.co/LZmNol22Ho — jack (@jack) June 22, 2023 What is Nodeless, exactly? In short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream. "Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless\'s pseudonymous creator UTXO told Decrypt . Still, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users. In some ways, Nodeless\'s functionality is similar to OpenNode , another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don\'t have to share identifying information to begin accepting payments using the platform. In other words, it\'s a non-KYC (Know Your Customer) service. ‘Nodeless’ payments Using Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don\'t have to maintain the node over time. But Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn\'t have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources. Story continues There\'s still a node involved—a node is always involved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless\'s node is the one passing on the payment. When a payment is sent to the merchant, it\'s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address. "Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said. So, Nodeless is technically a custodial solution in that it holds a user\'s funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user\'s funds. Privacy money Some Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn\'t like. But UTXO thinks Nodeless can bypass these pressures. Nodeless operates legally in Canada, where transactions under $1,000 don\'t require KYC identification. In the long-term, they\'re looking to move to El Salvador , known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms." "I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.', 'Late last week, Jack Dorsey tweeted a link toNodeless—and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor.\nWhat is Nodeless, exactly?\nIn short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream.\n"Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless\'s pseudonymous creator UTXO toldDecrypt.\nStill, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users.\nIn some ways, Nodeless\'s functionality is similar toOpenNode, another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don\'t have to share identifying information to begin accepting payments using the platform. In other words, it\'s a non-KYC (Know Your Customer) service.\nUsing Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don\'t have to maintain the node over time.\nBut Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn\'t have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources.\nThere\'s still a node involved—a node isalwaysinvolved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless\'s node is the one passing on the payment. When a payment is sent to the merchant, it\'s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address.\n"Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said.\nSo, Nodeless is technically a custodial solution in that it holds a user\'s funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user\'s funds.\nSome Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn\'t like.\nBut UTXO thinks Nodeless can bypass these pressures.\nNodeless operates legally in Canada, where transactions under $1,000 don\'t require KYC identification. In the long-term, they\'re looking to move toEl Salvador, known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms."\n"I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.', 'Bitcoin seemed to have lost direction after strong gains earlier this month, but was holding above US$30,000 on Tuesday morning trading in Asia. Most other top 10 non-stablecoin cryptocurrencies fell after a week of rallies driven by crypto-related exchange-traded fund (ETF) applications in the U.S. Solana led the losers, while Tron managed a marginal gain. Stocks closed lower on Monday in the U.S. as investors focused on the outlook for interest rates and market risk after the aborted military mutiny in Russia over the weekend. Bitcoin, Ether fall Bitcoin slid 0.88% to US$30,254 over the last 24 hours to 6:45 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization is still posting a gain of 12.89% over the past seven days. Ether fell 2.22% to US$1,859, but is up 7.18% for the week. Nearly all top 10 non-stablecoin cryptos dropped with the exception of Tron, which edged up 0.63% in the past day. Solana was the biggest loser among the top 10, slumping 5% to reduce its gain for the week to 1.52%. Markus Thielen, head of crypto research and strategy at digital asset service platform Matrixport, said in a Monday note that Bitcoin could see more gains in July. \x93July tends to be a strong month for Bitcoin when prices have finished positive in seven out of the last 10 years, with average returns of 11%,\x94 Thielen said. \x93The 2020, 2021 and 2022 returns were 24%, 20% and 27%, respectively. Hence, Bitcoin could be at US$33,000 to US$36,000 by August.\x94 Thielen added that Bitcoin has the strongest rallies during U.S. trading hours. \x93Claiming that \x91crypto is dead in the U.S.\x92 appears to be a misconception,\x94 he said. A Monday report from European cryptocurrency investment firm CoinShares said digital asset investment products saw a net inflow of US$199 million last week, the largest since July 2022. \x93We believe this renewed positive sentiment is due to recent announcements from high-profile exchange-traded products issuers that have filed for physically backed ETFs with the US Securities and Exchange Commission,\x94 the CoinShares report said. Story continues Meanwhile, on Monday, a U.S. federal judge denied crypto exchange Binance\x92s request for the court to order the Securities and Exchange Commission\x92s (SEC) to change the language used in a press release on the exchange\x92s handling of customer assets. Binance lawyers said the press release was misleading and \x93appears to be designed to introduce unwarranted confusion into the marketplace.\x94 As part of the lawsuit the SEC filed against Binance earlier this month, D.C. District Judge Amy Berman Jackson ruled Monday that it is not necessary or appropriate for the court to get involved in wordsmithing the parties\x92 press releases. \x93Nor is it clear that the agency\x92s public relations efforts to date will materially affect proceedings in this case,\x94 Judge Jackson wrote. The BNB token issued by Binance fell 1.3% over the past 24 hours and lost 2.91% for the week. The total cryptocurrency market cap rose 0.23% to US$1.18 trillion in the last 24 hours to 10:30 a.m. in Hong Kong, and the trading volume jumped 6.87% to US$36.4 billion, according to CoinMarketCap data. Azuki NFT gains traction The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.43% to 2,896.65 in the 24 hours to 10:00 a.m. in Hong Kong. The index is up 1.05% for the week. NFT transactions on Ethereum fell 7.5% over the past 24 hours to US$17.76 million, while transactions on the Bitcoin network surged 76% to US$7.84 million, according to CryptoSlam data . Notably, sales of the Ethereum-based Azuki collection jumped 60% in the last 24 hours to US$4.3 million, making it the most-sold collection for the past day, as NFT enthusiasts await the Tuesday minting of Azuki\x92s new Elementals collection. \x93With the collection size being 20,000, and 10,000 already given to existing Azuki holders as an airdrop following their \x91Follow the Rabbit\x92 conference in Las Vegas last Friday, this sale is expected to bring in north of US$35 million [on Tuesday],\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Petscher added that the new Elementals collection has been the talk of the town within the NFT community, and traders are looking for liquidity in anticipation of the upcoming mint. \x93The narrative in the NFT space is that Azuki seems primed to give Bored Ape Yacht Club (BAYC) a run for being the top NFT collection,\x94 Petscher said. The floor price of BAYC stood at 36.29 Ether on Blur on Tuesday morning in Asia, falling 3% over the past day and losing 10.37% over the past week. Large BAYC holders such as Machi and Franklin have together sold over 60 Bored Apes, and other whales are selling mid-tier Apes at the floor, \x93leading savvy traders to scoop them up and quickly flip them for profits,\x94 according to Petscher. U.S. stock futures rise Chinese Premier Li Qiang. Image: Getty Images U.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.15%, S&P 500 futures added 0.2%, and Nasdaq Futures gained 0.2%. Equity markets across Asia were mixed on Tuesday morning after U.S. stocks closed lower overnight amid recession fears. In macroeconomic developments, Chinese Premier Li Qiang said Tuesday that China is still on track to reach its annual growth target of around 5%, CNBC reported . China\x92s GDP grew by 4.5% in the first quarter of this year, official data showed. Speaking at the World Economic Forum in Tianjin, Li said China\x92s economy is rebounding and improving. In the U.S., indicators for this week on the state of the economy include home sales, consumer confidence reports and jobless claims. Federal Reserve Chairman Jerome Powell will also be speaking at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. Investors continue to watch the risk outlook of potential interest rate hikes, with Powell saying last week that the central bank is in consensus on the need for more rate increases this year. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 75.6% chance for another 25-basis-point rate hike, and a 24.4% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add equities section)', 'Bitcoin seemed to have lost direction after strong gains earlier this month, but was holding above US$30,000 on Tuesday morning trading in Asia. Most other top 10 non-stablecoin cryptocurrencies fell after a week of rallies driven by crypto-related exchange-traded fund (ETF) applications in the U.S. Solana led the losers, while Tron managed a marginal gain. Stocks closed lower on Monday in the U.S. as investors focused on the outlook for interest rates and market risk after the aborted military mutiny in Russia over the weekend.\nBitcoin slid 0.88% to US$30,254 over the last 24 hours to 6:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is still posting a gain of 12.89% over the past seven days.\nEther fell 2.22% to US$1,859, but is up 7.18% for the week.\nNearly all top 10 non-stablecoin cryptos dropped with the exception of Tron, which edged up 0.63% in the past day.\nSolana was the biggest loser among the top 10, slumping 5% to reduce its gain for the week to 1.52%.\nMarkus Thielen, head of crypto research and strategy at digital asset service platform Matrixport, said in a Mondaynotethat Bitcoin could see more gains in July.\n“July tends to be a strong month for Bitcoin when prices have finished positive in seven out of the last 10 years, with average returns of 11%,” Thielen said. “The 2020, 2021 and 2022 returns were 24%, 20% and 27%, respectively. Hence, Bitcoin could be at US$33,000 to US$36,000 by August.”\nThielen added that Bitcoin has the strongest rallies during U.S. trading hours. “Claiming that ‘crypto is dead in the U.S.’ appears to be a misconception,” he said.\nA Mondayreportfrom European cryptocurrency investment firm CoinShares said digital asset investment products saw a net inflow of US$199 million last week, the largest since July 2022.\n“We believe this renewed positive sentiment is due to recent announcements from high-profile exchange-traded products issuers that have filed for physically backed ETFs with the US Securities and Exchange Commission,” the CoinShares report said.\nMeanwhile, on Monday, a U.S. federal judgedeniedcrypto exchange Binance’s request for the court to order the Securities and Exchange Commission’s (SEC) to change the language used in a press release on the exchange’s handling of customer assets.\nBinance lawyers said thepress releasewas misleading and “appears to be designed to introduce unwarranted confusion into the marketplace.”\nAs part of thelawsuitthe SEC filed against Binance earlier this month, D.C. District Judge Amy Berman JacksonruledMonday that it is not necessary or appropriate for the court to get involved in wordsmithing the parties’ press releases.\n“Nor is it clear that the agency’s public relations efforts to date will materially affect proceedings in this case,” Judge Jackson wrote.\nThe BNB token issued by Binance fell 1.3% over the past 24 hours and lost 2.91% for the week.\nThe total cryptocurrency market cap rose 0.23% to US$1.18 trillion in the last 24 hours to 10:30 a.m. in Hong Kong, and the trading volume jumped 6.87% to US$36.4 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.43% to 2,896.65 in the 24 hours to 10:00 a.m. in Hong Kong. The index is up 1.05% for the week.\nNFT transactions on Ethereum fell 7.5% over the past 24 hours to US$17.76 million, while transactions on the Bitcoin network surged 76% to US$7.84 million, according to CryptoSlamdata.\nNotably, sales of the Ethereum-basedAzukicollection jumped 60% in the last 24 hours to US$4.3 million, making it the most-sold collection for the past day, as NFT enthusiasts await the Tuesdaymintingof Azuki’s new Elementals collection.\n“With the collection size being 20,000, and 10,000 already given to existing Azuki holders as an airdrop following their ‘Follow the Rabbit’ conference in Las Vegas last Friday, this sale is expected to bring in north of US$35 million [on Tuesday],” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nPetscher added that the new Elementals collection has been the talk of the town within the NFT community, and traders are looking for liquidity in anticipation of the upcoming mint.\n“The narrative in the NFT space is that Azuki seems primed to give Bored Ape Yacht Club (BAYC) a run for being the top NFT collection,” Petscher said.\nThe floor price of BAYC stood at 36.29 Ether onBluron Tuesday morning in Asia, falling 3% over the past day and losing 10.37% over the past week.\nLarge BAYC holders such asMachiandFranklinhave together sold over 60 Bored Apes, and other whales are selling mid-tier Apes at the floor, “leading savvy traders to scoop them up and quickly flip them for profits,” according to Petscher.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.15%, S&P 500 futures added 0.2%, and Nasdaq Futures gained 0.2%.\nEquity markets across Asia were mixed on Tuesday morning after U.S. stocks closed lower overnight amid recession fears.\nIn macroeconomic developments, Chinese Premier Li Qiang said Tuesday that China is still on track to reach its annual growth target of around 5%, CNBCreported. China’s GDP grew by 4.5% in the first quarter of this year, officialdatashowed.\nSpeaking at the World Economic Forum in Tianjin, Li said China’s economy is rebounding and improving.\nIn the U.S., indicators for this week on the state of the economy include home sales, consumer confidence reports and jobless claims.\nFederal Reserve Chairman Jerome Powell will also be speaking at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nInvestors continue to watch the risk outlook of potential interest rate hikes, with Powell saying last week that the central bank is in consensus on the need for more rate increases this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 75.6% chance for another 25-basis-point rate hike, and a 24.4% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Bitcoin seemed to have lost direction after strong gains earlier this month, but was holding above US$30,000 on Tuesday morning trading in Asia. Most other top 10 non-stablecoin cryptocurrencies fell after a week of rallies driven by crypto-related exchange-traded fund (ETF) applications in the U.S. Solana led the losers, while Tron managed a marginal gain. Stocks closed lower on Monday in the U.S. as investors focused on the outlook for interest rates and market risk after the aborted military mutiny in Russia over the weekend.\nBitcoin slid 0.88% to US$30,254 over the last 24 hours to 6:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is still posting a gain of 12.89% over the past seven days.\nEther fell 2.22% to US$1,859, but is up 7.18% for the week.\nNearly all top 10 non-stablecoin cryptos dropped with the exception of Tron, which edged up 0.63% in the past day.\nSolana was the biggest loser among the top 10, slumping 5% to reduce its gain for the week to 1.52%.\nMarkus Thielen, head of crypto research and strategy at digital asset service platform Matrixport, said in a Mondaynotethat Bitcoin could see more gains in July.\n“July tends to be a strong month for Bitcoin when prices have finished positive in seven out of the last 10 years, with average returns of 11%,” Thielen said. “The 2020, 2021 and 2022 returns were 24%, 20% and 27%, respectively. Hence, Bitcoin could be at US$33,000 to US$36,000 by August.”\nThielen added that Bitcoin has the strongest rallies during U.S. trading hours. “Claiming that ‘crypto is dead in the U.S.’ appears to be a misconception,” he said.\nA Mondayreportfrom European cryptocurrency investment firm CoinShares said digital asset investment products saw a net inflow of US$199 million last week, the largest since July 2022.\n“We believe this renewed positive sentiment is due to recent announcements from high-profile exchange-traded products issuers that have filed for physically backed ETFs with the US Securities and Exchange Commission,” the CoinShares report said.\nMeanwhile, on Monday, a U.S. federal judgedeniedcrypto exchange Binance’s request for the court to order the Securities and Exchange Commission’s (SEC) to change the language used in a press release on the exchange’s handling of customer assets.\nBinance lawyers said thepress releasewas misleading and “appears to be designed to introduce unwarranted confusion into the marketplace.”\nAs part of thelawsuitthe SEC filed against Binance earlier this month, D.C. District Judge Amy Berman JacksonruledMonday that it is not necessary or appropriate for the court to get involved in wordsmithing the parties’ press releases.\n“Nor is it clear that the agency’s public relations efforts to date will materially affect proceedings in this case,” Judge Jackson wrote.\nThe BNB token issued by Binance fell 1.3% over the past 24 hours and lost 2.91% for the week.\nThe total cryptocurrency market cap rose 0.23% to US$1.18 trillion in the last 24 hours to 10:30 a.m. in Hong Kong, and the trading volume jumped 6.87% to US$36.4 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.43% to 2,896.65 in the 24 hours to 10:00 a.m. in Hong Kong. The index is up 1.05% for the week.\nNFT transactions on Ethereum fell 7.5% over the past 24 hours to US$17.76 million, while transactions on the Bitcoin network surged 76% to US$7.84 million, according to CryptoSlamdata.\nNotably, sales of the Ethereum-basedAzukicollection jumped 60% in the last 24 hours to US$4.3 million, making it the most-sold collection for the past day, as NFT enthusiasts await the Tuesdaymintingof Azuki’s new Elementals collection.\n“With the collection size being 20,000, and 10,000 already given to existing Azuki holders as an airdrop following their ‘Follow the Rabbit’ conference in Las Vegas last Friday, this sale is expected to bring in north of US$35 million [on Tuesday],” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nPetscher added that the new Elementals collection has been the talk of the town within the NFT community, and traders are looking for liquidity in anticipation of the upcoming mint.\n“The narrative in the NFT space is that Azuki seems primed to give Bored Ape Yacht Club (BAYC) a run for being the top NFT collection,” Petscher said.\nThe floor price of BAYC stood at 36.29 Ether onBluron Tuesday morning in Asia, falling 3% over the past day and losing 10.37% over the past week.\nLarge BAYC holders such asMachiandFranklinhave together sold over 60 Bored Apes, and other whales are selling mid-tier Apes at the floor, “leading savvy traders to scoop them up and quickly flip them for profits,” according to Petscher.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.15%, S&P 500 futures added 0.2%, and Nasdaq Futures gained 0.2%.\nEquity markets across Asia were mixed on Tuesday morning after U.S. stocks closed lower overnight amid recession fears.\nIn macroeconomic developments, Chinese Premier Li Qiang said Tuesday that China is still on track to reach its annual growth target of around 5%, CNBCreported. China’s GDP grew by 4.5% in the first quarter of this year, officialdatashowed.\nSpeaking at the World Economic Forum in Tianjin, Li said China’s economy is rebounding and improving.\nIn the U.S., indicators for this week on the state of the economy include home sales, consumer confidence reports and jobless claims.\nFederal Reserve Chairman Jerome Powell will also be speaking at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nInvestors continue to watch the risk outlook of potential interest rate hikes, with Powell saying last week that the central bank is in consensus on the need for more rate increases this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 75.6% chance for another 25-basis-point rate hike, and a 24.4% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:As Asian trading begins, bitcoin maintains above $30,000 despite a minor drop, while Ether trades lower\nInsights:For investors and others touching the technology world, AI is the latest shiny object. Is their fascination premature?\nCoinDesk Market Index (CMI)\n1,230\n−9.8▼0.8%\nBitcoin (BTC)\n$30,328\n−12.4▼0.0%\nEthereum (ETH)\n$1,860\n−24.0▼1.3%\nS&P 500\n4,328.82\n−19.5▼0.4%\nGold\n$1,933\n+13.4▲0.7%\nNikkei 225\n32,698.81\n−82.7▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,230", "\\u22129.8\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,328", "\\u221212.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,860", "\\u221224.0\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,328.82", "\\u221219.5\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,933", "+13.4\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,698.81", "\\u221282.7\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nEyes on the Expiry\nAs Asia opens for trading, bitcoin has still held past the $30K mark at $30,323, flat over the past 24 hours, according to CoinDesk data. Ether, meanwhile, is trading at $1,860, down 1.3%.\nShaun Fernando, Chief Risk Officer at Deribit, told CoinDesk in a note that bitcoin’s ‘max pain’ point, or a part of the market when option holders will experience the most financial loss, while option sellers can be the ones who profit the most, is currently at $26K, which should alleviate some of the downward pricing pressure after thecoming options expiry.\n“With an impressive open interest of over $350 million at the 30k strike, the approaching quarterly expiration promises an exhilarating conclusion, carrying the potential for price turbulence amidst diverse gamma hedging strategies,” Fernando said.\nFernando noted that ether has witnessed substantial institutional selling activity, but its implied volatility remains lower than bitcoin.\nUntil then, all eyes are on Friday when thequarterly options expire.\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.7%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}]\nAI\'s Hype Doesn\'t Reflect the Reality\nCritics of the digital assets industry say it’s buzzword- laden and unsustainable, always chasing the next new trend without much thought to its sustainability.\nAnd for the most part, they are right.\nOver the weekend, 8btc, one of China’s first crypto publications,announced it was abandoningthe field entirely and pivoting to primarily covering AI and the metaverse.\nVenture Capitalists, seemingly bored of blockchain and crypto, have found a new interest in AI.PitchBook datashows that venture capital funding for crypto is down 80% in the first quarter of 2023, from $12.3 billion to $2.4 billion. PitchBook’s data also shows thatAI startups raised $1.6 billionthis quarter, and another $10 billion in deals have been announced but have yet to close.\nFor all the hype the AI bulls have for the technology, after putting it through its paces, AI is still somewhere between the peak of inflated expectations and trough of disillusionment on ahype cycle. Itsslow, expensive,and 15-20% of what comes out ofChatGPT’s artificial mouth is a hallucination.\nCertainly, there are some similarities between the hype cycles of AI and enterprise blockchain.\nEnterprise blockchain was supposed tounlock billions in valuethrough efficiencies, but those thattried to implement it weren’t all that impressed, so much so that IBM dismantled most of its blockchain teambecause of low revenue, andMicrosoft phased outits Azure-based blockchain cloud services.\nEven at the height of blockchain mania, the prelude to the Covid bull market, there wasn’t the same fervor as there is with AI. One would think that given the disappointment of the enterprise blockchain bubble bursting, stakeholders would have learned their lesson about enthusiastically embracing new technology.\nBut here we are.\nEuropean Central Bank Forum for Central Banking\nPoint Zero Forum\nRobinhood ends support for Polygon, Cardano and Solana\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitGo CEO Addresses Terminating Prime Trust Acquisition; Bitcoin Starts Week Above $30K\nBitGo CEO Mike Belshe joined "First Mover" to address why the custodian terminated its acquisition of rival Prime Trust after earlier this month reaching a preliminary agreement to acquire the firm for an undisclosed amount. Meanwhile, bitcoin (BTC) is off to a strong start this week, with the world’s largest digital asset holding above the $30,000 mark. Arca head of research Katie Talati shared her crypto markets analysis. And Johns Hopkins University professor of applied economics and Independent Institute senior fellow Steve Hanke shared his thoughts on the current macroeconomic factors impacting crypto, after Russia briefly faced the threat of an armed insurrection over the weekend.\nU.S. Judge Rejects Binance.US Complaint Over SEC Press Release:The exchange had complained that regulators made “misleading” public statements about the Binance’s handling of customer funds.\nUniswap\'s Hayden Adams: Q&A on Weathering the Regulatory Storm, What’s Next for DeFi:After the recent release of a proposal Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,824,802,300 - Hash Rate: 364329624.4786604 - Transaction Count: 434858.0 - Unique Addresses: 707936.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:If bitcoin manages to stay past $30K, we might get another leg up, says one analyst. Insights:Japan's recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders. CoinDesk Market Index (CMI) 1,242 +3.5▲0.3% Bitcoin (BTC) $30,535 −19.9▼0.1% Ethereum (ETH) $1,901 +24.8▲1.3% S&P 500 4,348.33 −33.6▼0.8% Gold $1,935 +16.1▲0.8% Nikkei 225 32,781.54 −483.3▼1.5% BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) [["1,242", "+3.5\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,535", "\u221219.9\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+24.8\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,348.33", "\u221233.6\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,935", "+16.1\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,781.54", "\u2212483.3\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}] ETF Optimism is Powering Bitcoin's Continued Rally Bitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901. Analysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of itsstrongest weekly gains since March. CoinDesk Indices’Bitcoin Trend Indicator (BTI)shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days. “Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.” DiPasquale sees continued growth across the market in the coming weeks, but also volatility. “On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.” Data from CoinGlassshows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week. The Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on thebitcoin ETFs from BlackRock, Invesco and WisdomTree. Many are optimistic that the inclusion of asurveillance-sharing agreementwould be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sectorbefore it approved the first bitcoin ETFsto be listed in Toronto in 2021. Until then, the question is: how high will bitcoin go? [{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+5.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\u22122.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\u22120.3%", "DACS Sector": "Currency"}] Crypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy Over the weekendCoinDesk Japan reportedthat the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation. This is a huge relief for crypto startups that issue their own tokens. Before the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not. In short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn't sold the cryptocurrency (i.e., hadn't "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not. Taxing unrealized gains isn’t a policy that’s conducive to building a dynamic, successful environment for entrepreneurship.Norway tried it, and it led to an exodus. But having taxes on the unrealized gains of a token is particularly detrimental to the crypto industry as developers and other team members are often heavily compensated in these tokens to compensatefor the inherent risk of the industry – with its tremendous ups and downs. For Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution. “What we see in Japan is a very clear taxonomy for digital assets,” Rahul Advani, Ripple’s policy lead for Asia, said in a recent interview withCoinDesk. "Regulators are now looking beyond just money laundering and terrorist financing. They're looking at capital, they're looking at bank exposures, and a very important part of that is market integrity but also consumer protection." Japan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges. For example, despite the global bankruptcy of FTX, its Japanese subsidiary, FTX Japan, appears poised to pay its customers in full, largely due to Japan's careful regulation of crypto exchanges.It was the safest place to be a customerof Sam Bankman-Fried’s. “Japan has in its bankruptcy laws, [a priority for] exchange customers above other creditors,” he said. “So that's one reason why exchange customers were able to be made whole before other creditors." Now, in contrast, none of this is happening in the U.S. Sure, given existing rules about capital gains in the U.S. it's unlikely that tokens issued by crypto companies would be taxed. But there’s no specific rules to say that this won’t happen. The U.S. Securities and Exchange Commissionwon’t even give guidanceon how it determines if something – like the issued tokens at the center of this – is or isn’t a security. If the SEC won’t even advise voluntarily, good luck getting any other sort of policy development in the U.S. European Central Bank Forum for Central Banking Point Zero Forum 1 p.m. HKT/SGT(5 a.m. UTC):Japan Leading Economic Index (April) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Bitcoin Clings to $30K; Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds' Bitcoin (BTC) has seen a 20% price gain since last Thursday, but could now take a breather.21.coco-founder and CEO Hany Rashwan shares\d his crypto markets analysis. This comes as the Nevada Department of Business and Industry said crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month. Separately, Rajeev Bamra, Moody’s Investors Service SVP, DeFi and Digital Assets, weighed in on the state of U.S. crypto regulation. And, Casa CEO Nick Neuman explained why the cryptocurrency self-custody firm historically focused exclusively on the Bitcoin blockchain has added support for Ethereum. Soccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release:Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas. Influencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations:Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals. Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts:The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021. The SEC sued the company in June for offering unregistered securities. 2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme:The “Twitter hacker” plundered nearly $1 million from victims of his elaborate online schemes. Coinbase Wins Supreme Court Ruling in Arbitration Lawsuit:The company's clear legal victory in the U.S. high court isn't about crypto, but it could play into future court disputes for all businesses.... - Reddit Posts (Sample): [['u/Valenalgo', "Looks like the situation isn't very bad, we shouldn't panic", 26, '2023-06-27 00:00', 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/', "It's bad but it could be a lot worse.\n\nWhile there wasn't any hard fact or numbers in their last email, they assured us one important thing in that, they are retrieving all the assets from all their trading firms, and once its done they will distribute it to the customers, likely with a haircut. (Hopefully above 70-80%)\n\nMost other companies in similar situations did two different things:\n\n\\- Announced formal bankruptcy (Celsius, Voyager, BlockFi)\n\nThis is a very bad way imo, because they dollarize all the assets at the bankruptcy filing date, and customers will get a percentage of that.\n\nIt is bad because: When Celsius went bankrupt BTC price was around 18000, so a customer who had 1 BTC there will receive only around 50-70% of that 18000 $ after the case, the customer will lose not only the haircut but also any asset appreciation.\n\nIt takes a lot of time, Mtgox customers still waiting for their money after 10 years.\n\n\\- The other way is an early withdrawal option with a haircut.\n\nThis is what Inlock did too, after a few months they gave customers an option to choose the haircut and withdraw their crypto.\n\nLooks like from the email that Haru will go this way too.\n\nIs this good? Of course not. If I could choose I want back 100% of my assets.\n\nBut I would rather get back 70% of my crypto in a few months, than 70% of the dollar of the current crypto price 5 years later.", 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/', '14jupeu', [['u/mykeys71', 14, '2023-06-27 00:13', 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/jpnalw3/', 'Well said, this is the same way I’m interpreting it. I truly feel much better about things with this statement from Hugo “We have yet to find that any assets managed by the internal asset management team and other asset managing partners have incurred losses.”', '14jupeu'], ['u/Valenalgo', 11, '2023-06-27 01:29', 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/jpnkuey/', "Haru's operation looks more like a failure than a scam, compared to Celsius that obviously looks like a Ponzi.\n\nThere is always a possibility that they scammed us, then their emails are meaningless.\n\nBut Korea is very strict to crypto, if Haru built on fraud I doubt they will let the Haru team run free, unlike how the USA let Mashinsky free.", '14jupeu']]], ['u/wtfCraigwtf', 'Bitcoin Cash (BCH) up 120% in the past week, why?', 81, '2023-06-27 00:32', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/', 'There are a variety of reasons why BCH is showing massive price appreciation:\n\n* EDX exchange launched with big liquidity from insider Wall Street hedge funds\n* EDX will only support BCH, LTC, ETH, and BTC\n* Short covering after YEARS of downward price manipulation\n* Promising developments in BCH ecosystem like CashTokens\n* Rumors that "Chinese miners are back"\n* BCH hashrate effectively tripled in the past week\n* Other forked coins are also pumping somewhat\n* Lightning acknowledged as a failure by many hardcore Maxies\n* BCH gaining recognition as the closest thing to Satoshi\'s whitepaper concept\n* Merchants accepting BCH continually growing\n* $500k re-purchase by the SmartBCH foundation\n\nWhat\'s remarkable about BCH\'s rise is that Tether supply hasn\'t increased at all. This means it\'s most likely organic price appreciation, rather than another rigged Tether pump-and-dump. There seems to be a large influx of new Reddit bot accounts, so perhaps a huge FUD campaign is being prepared? For the time being everything just seems to be getting downvoted to hell :(.', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/', '14jvj4z', [['u/wtfCraigwtf', 25, '2023-06-27 00:34', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpndesn/', 'BCH hashrate at 4Eh/s, price target currently around $350', '14jvj4z'], ['u/MobTwo', 29, '2023-06-27 00:54', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpng51j/', "> There seems to be a large influx of new Reddit bot accounts, so perhaps a huge FUD campaign is being prepared?\n\nDon't worry. I am always here and very eager and very enthusiastic into taking down the bots and trolls.", '14jvj4z'], ['u/FearlessEggplant3036', 21, '2023-06-27 01:13', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpnir9i/', 'More buyers than sellers.\n\nAlso likely shorters saw the "obvious" pattern that BCH would go further down, and now they are fked and trying to cover, while very few owners of BCH are interested in selling their coins cheaply. After seeing how fast Bitcoin-Core could go up, why settle for a few percent profit. BCH is equally scarce and has actual utility due to onchain scaling and cheap fees.', '14jvj4z'], ['u/iamthinksnow', 23, '2023-06-27 01:36', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpnltjl/', 'Also likely that some exchanges sold customers BCH when deposited instead of storing it, and now realize they might need to get it back.\n\nOR\n\nExchanges never actually purchased BCH when customers gave them money to buy it, instead just incrementing a counter in their account and saying, "Yup, you\'re all set." It\'s a trick some stock brokerages pull, too.', '14jvj4z'], ['u/_____tomatillos_____', 11, '2023-06-27 03:38', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpo1fmn/', "it's just been too undervalued for too long. The recent news was just a catalyst for re-evaluation.", '14jvj4z'], ['u/jimmycryptso', 12, '2023-06-27 08:38', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpow8zh/', 'Hash rate follows the price, not the other way around.', '14jvj4z']]], ['u/Top_Classroom_8247', 'My cold wallet and seed phase was stolen', 32, '2023-06-27 02:15', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/', "Left my wallet and seed at my parents house In what I thought was a safe place. They had a family/friend get together the other week and both are now gone. I stupidly had them both together in a old tin. I can see my Bitcoin was transfered somewhere else and no one will admit to doing it. Was only a few hundred dollars. But, I'm devastated. Anyway I can get this back?\n\nEdit: I meant seed phrase in the headline", 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/', '14jxzby', [['u/Alarming-Restaurant9', 27, '2023-06-27 02:19', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnrg72/', 'The key phrase here is . It was only a\nCouple hundred dollars . You can literally make that up by working 70 hours in 1 week at an entry level job', '14jxzby'], ['u/1025scrap', 19, '2023-06-27 02:44', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnuls3/', 'Just view it as a lesson learned my guy👍', '14jxzby'], ['u/Crumbs4you', 89, '2023-06-27 03:00', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnwno7/', 'no difference than someone stole your wallet with cash inside', '14jxzby'], ['u/Successful_Bird8616', 44, '2023-06-27 03:19', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnz513/', 'It should be easy to ID the culprit with some research. Any guest would have to have some knowledge of bitcoin to recognize 12 words on a peice of paper as valuable. Any others would be clueless. Find out who among them owns bitcoin then destroy their reputation.', '14jxzby'], ['u/dubyasquared', 40, '2023-06-27 04:53', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpoaq5a/', "What address was it transferred to, an exchange?\n\nI'd still file a police report. I mean fuck them, try to make their life miserable. They might be dumb and send to a KYC exchange.", '14jxzby'], ['u/dima054', 14, '2023-06-27 06:59', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jponuby/', '1. Nice family\n2. Fuck them\n3. Report to police', '14jxzby'], ['u/Aerith_Gainsborough_', 20, '2023-06-27 07:33', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpoqt8s/', 'Big assumption you are making here: a first world citizen.', '14jxzby'], ['u/Skrilllll', 12, '2023-06-27 09:47', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpp1fho/', 'Exactly. This is even worse considering that someone had to perfectly type in a transaction address after obtaining access through a private key. (Instead of quickly looking around, and just stealing a piece of paper currency)\n\nAbsolutely terrible people, and dumb too. OP you really need to find a creative way on how to prove to your parents that it was them. If I was your dad and I believed you, I would NEVER allow these low-life piece of filth to enter my house ever again. This is where ChatGPT might come in handy to kickstart the generation on some potential creative ideas/solutions to get back at them.', '14jxzby'], ['u/Skrilllll', 15, '2023-06-27 09:56', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpp22ng/', '> Find out who among them owns bitcoin then destroy their reputation.\n\nDestroy your enemies totally, never leave room for your enemies to retaliate or recover.', '14jxzby'], ['u/nkorslund', 13, '2023-06-27 12:08', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jppblvj/', 'Hear the lamentation of their women', '14jxzby']]], ['u/1_BigPapi', "Bitcoin's First Ever [weekly] Golden Cross Incoming?", 54, '2023-06-27 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/', 'I was going to do a bigger writeup but Tom Crown\'s video sums it up nicely (below).\n\nIf you remember the infamous "death cross" last year, usually mapped to the 50 and 200 moving averages.\n\nThis is the first time we potentially see a bullish cross, known as the "golden cross," on the weekly chart.\n\nIts only a singular data point, but with the Bitcoin halving next year, the US Dollar Index (DXY) flirting with historic bearish levels at 101, and key moving averages approaching a bullish pattern... \n\n..things could get spicy into the second half of 2023 and into 2024.\n\nMuch more analysis and supporting data in the video-\n\nhttps://youtu.be/xp4_abrI0vU', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/', '14jyxut', [['u/Due_Ad3058', 88, '2023-06-27 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpnxjmg/', 'This will be my first halving as an investor. Hopes are high. Im ready to be hurt again', '14jyxut'], ['u/mbdtf95', 34, '2023-06-27 03:15', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpnyksc/', 'TA is basically astrology for traders.', '14jyxut'], ['u/Sugar_Phut', 13, '2023-06-27 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpnzrzu/', 'I’m a Taurus does that make me bullish?', '14jyxut'], ['u/Johndrc', 15, '2023-06-27 04:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo4kwj/', 'Blackrock golden goose', '14jyxut'], ['u/Kaner16', 15, '2023-06-27 04:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo5ylt/', "You'll have about 12 months to stock up on lube since you'll refuse to take profits while the bull run is strong. Hurts a little less at least", '14jyxut'], ['u/ponililo', 66, '2023-06-27 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo89ue/', 'Just sell when the most normie person in your house starts talking about crypto', '14jyxut'], ['u/bingorunner', 17, '2023-06-27 04:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo9zv1/', 'Buckle up all, I’m starting to see articles out there about BTC to 200k (I’d be happy to reclaim 40)', '14jyxut'], ['u/TCr0wn', 12, '2023-06-27 04:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpoagfi/', "I think 40's will happen this year.. Havnt seen the FOMO that usually marks tops yet, but i imagine we will if we get there", '14jyxut'], ['u/Da_Notorious_HAM', 12, '2023-06-27 05:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpoc3jr/', 'I read this as sell your house and buy more btc at first 😂', '14jyxut'], ['u/Da_Notorious_HAM', 10, '2023-06-27 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpopgz6/', 'I dream of a van by a river', '14jyxut']]], ['u/stock-prince-WK', 'Question for those who held during the last bear market ? How long were you down ?', 14, '2023-06-27 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/', 'Just wondering how long you guys held your coins being down? 1 year, 2 years, 3+ years.\n\nAnd how did it actually feel to hold for so long then finally break even again or even be back in profit?\n\nFor many this is their first bear market. Many are DCA’ing into altcoins they believe will rebound and make new all time highs next bull run…\n\nI see so many posts saying “any project that has a pulse after a bear market will pump again”…\n\nStatistically this was one of the worst market crashes in economic history and we are now seeing a slow rebound occur with Bitcoin becoming widely adopted and a spot ETF on the horizon. Institutional conglomerates now joining the crypto space more than ever. \n\nJust wanted to see what you experienced holders thought about all this.', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/', '14jzanq', [['u/Onnimation', 33, '2023-06-27 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo0n64/', "You only lose if you sell. I've learned that it's best to keep accumulating to lower your average buy price. \n\nRemember, bear market is practically same as a black friday sale on crypto.", '14jzanq'], ['u/stock-prince-WK', 14, '2023-06-27 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo0vjt/', 'Exactly. I’ve DCA’d practically to my coin’s lowest price.\n\nIf I wanted to get out I know I can with at least a breakeven during the next bull run.\n\nBut I am here to make money. Not leave with what I came in with.', '14jzanq'], ['u/SnapedDoctorStrange', 10, '2023-06-27 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo3bjk/', 'Doge brought me into crypto and the lesson I learned was to only buy BTC and ETH. I went hard at 16k BTC and 900 ETH and couldn’t be happier. I’d rather not talk about the doge.', '14jzanq'], ['u/2FangsInYa', 13, '2023-06-27 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo3bmd/', "I bought DCA'd 2018/2019 then did a few hundred swing trades. Never sold, always stacked. Been down like 90% a few times and up a few thousand % a couple of times. Seen every market in crypto. We have a long plan and it's still going very very well. Stack. Stack. Stack. Our goal is a $40 Trillion market then time to get out.", '14jzanq'], ['u/Josefumi12', 12, '2023-06-27 04:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo4bla/', 'Meanwhile, I bought it during the bull market last year and sold it during the bear market yesterday.', '14jzanq'], ['u/ponililo', 14, '2023-06-27 04:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo9tcc/', 'Nah i think the hardest is selling during a bull run when you think it will get higher', '14jzanq'], ['u/BusinessBreakfast3', 29, '2023-06-27 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jporno9/', "I was accumulating BTC and ETH in 2018/2019.\n\nIt was amazing and I was as excited for the next bull market as right now! \n\nIt paid off. The ETH accumulated between $100-300 was sold between $3k-4k. Different league in life since then. \n\nNow, I'm accumulating again with anticipation of what's coming our way. This includes going heavy into BTC in the $15-25k range and into some alts I like. \n\nCrypto for millennials is what real estate was for boomers.\n\nDon't let it go to waste.", '14jzanq'], ['u/eton_templ', 13, '2023-06-27 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpovx0x/', 'Into. My. Veins.', '14jzanq']]], ['u/CogBlocker', 'A question about crypto dynamics and LRCs price', 60, '2023-06-27 04:05', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/', 'When Loopring started tanking, I asked this subreddit what was going on and why bitcoins dropping price affected Loopring’s. \n\nThe general consensus was that because other coins were pair-traded with Bitcoin, its price affected them. \n\nWell Bitcoin is at $30k now, back almost 50% from it’s ATH and Loopring is still $0.20….why? Why hasn’t Bitcoin coming up brought Loopring back up too?\n\nThis is a genuine question I’ve been dying to know, as has my crying wallet', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/', '14k0ert', [['u/PeederSchmychael', 38, '2023-06-27 04:19', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpo6j2h/', "Feel like you can't judge bitcoin's ATH with altcoins. It's a lot easier to affect market caps and price of coins with wayy less volume. loopring especially had a crazy change in pricing due to GameStop frenzy. If you look at loopring in 2020 we're up 10x and Bitcoin is only up about 3x.", '14k0ert'], ['u/Alskiessss', 21, '2023-06-27 04:31', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpo83d5/', "The 2021 high was hype from the Gamestop leak and unfortunately couldn't be sustained amongst the macroeconomic onslaught and subsequent collapse of some of the biggest players in the crypto space. The price has the potential to multiply 5 to 20 times from its current price but likely won't until the US regulatory uncertainty is addressed, and the alt market gets another bull run. I recommend averaging down your price if you still believe in the project and have funds to do so", '14k0ert'], ['u/Cannister7', 14, '2023-06-27 04:38', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpo8xwt/', "Putting all the GameStop stuff and Taiko and false promises aside (because other people will comment on those) BTC has pumped recently because of all this SEC stuff against alts and probably because of Black Rock or other potential EFTs.\n\nPeople are turning even more to BTC because they don't know what will happen with the alts. Plus institutional investors going in, or bring rumoured to go in, like I said.\n\nEventually, if BTC and ETH continue to go up, it will feed into alt prices, it has a tiny bit this week, but not really right now.", '14k0ert'], ['u/Repulsive_Actuator50', 15, '2023-06-27 04:50', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpoadg1/', "There are some things you have to consider when you talk about Loopring's value. \n-Bitcoin always affects Altcoin's prices, but not immediately, usually with some delay. \n- Loopring's value is more connected with Eth's value, not so much with BTC. \n-All alts are about 70% lower than last year\n- Loopring team is building extremely well\n- It's not only GME connected, there are more, it might be also other major companies like Alibaba or Bank of China -DYOR\n\n\nOf course noone knows shit about fuck! \nMy sense is that we will watch dynamic price movement when bulls are back.\nYour money - your decision though\nGood luck out there!", '14k0ert'], ['u/wakablahh', 11, '2023-06-27 05:04', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpobzuk/', 'During bear markets you’ll see money flow from all Alts to bitcoin which is most safe. Stocks, bonds, crypto all operate like this.\n\nWhen bitcoin gets around 60% dominance, I think we’ll start seeing a reversal in money flowing to alts.', '14k0ert'], ['u/Kyletradertraitor', 11, '2023-06-27 07:44', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jporsq7/', 'But looprings all time performance is only 97%…. Compared to other alts who are up thousands of percent all time. We deserve to be at least at a dollar, this is just embarrassing', '14k0ert']]], ['u/JuustLookAway', 'Splitting up a large some off money into different investments', 27, '2023-06-27 05:22', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/', 'Hello all,\nI (23F) recently came into a good bit of money (290K). Before this happened, I would consider myself to be very aware of money, and minimally engaged with investing and the market. Before this lump some I have 25K in the bank that I pay someone to invest for me, and it loosely follows the NASDAQ (as I’m told). With this money, some has already been allocated. \n\n100K- I bought a house. This number includes my down payment and renovations and the addition of an ADU I will be living in. I will be renting out the main house and living rent free or almost rent free. This house is in an up and coming area, and an ADU is a very secure value adding renovation. \n\n75K- put into my investing account that already has money in it investing in long term stocks \n\n100K- in a money market account for even lower risk lower gain. This is a temporary measure until I have secured tenants and cash flow in my house. I just didn’t want to risk a drop in the next year when I may need it emergently. This money is where my main question comes in \n\n15K- for funzies\n\nMy questions are as follows: what do y’all think of my breakdown, and what is something a little higher risk higher reward I should look into for my 100K once I establish cash flow from the house. I’m young, this money fell into my lap, while I want to be smart and set myself up for success I also think this is the time to take some leaps of faith. \n\nPlease be kind, I know I’m not as educated as many people here on the stock market but I’m doing my best and willing to learn. \nThe house is already bought so don’t say invest every penny in bitcoin lol \n\nThank you all!\n\nEdit: if it matters I also already had 6 months worth of emergency funds so I don’t need that', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/', '14k1zvk', [['u/S7EFEN', 29, '2023-06-27 05:41', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpog4s9/', "[https://www.reddit.com/r/personalfinance/wiki/index/#wiki\\_inheritance](https://www.reddit.com/r/personalfinance/wiki/index/#wiki_inheritance)\n\n\n\n\\> Before this lump some I have 25K in the bank that I pay someone to invest for me, and it loosely follows the NASDAQ (as I’m told). With this money, some has already been allocated.\n\n\n\ni would make sure you aren't getting basically scammed on this paying front loaded fees or high %. if you are just buying an index you do not need to pay someone to help you with it.", '14k1zvk'], ['u/S7EFEN', 20, '2023-06-27 05:51', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpoh52d/', "1% is considered a very high fee but relatively standard for active management. it might not feel like a lot but go run the numbers over a lifetime on how much youll end up paying someone. you'd be really surprised. you can fund funds that track various indexes for fees in the range of 0.015% with fidelity, vanguard etc. if you are looking to pay someone for help with financial planning you want to find a fiduciary you can pay hourly to sit down with and chat and not pay recurring fees on active management.\n\nif youve found your way onto pf related subreddits chances are you are responsible enough to buy a low cost index fund instead of paying a 1% tax on someone to manage your account for you.", '14k1zvk'], ['u/kristofmic', 16, '2023-06-27 06:07', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpoitk8/', 'Your overall plan sounds fine. But that $25k invested and $75k more to add, putting it into a black box as you describe doesn’t sound ideal. You say it’s supposed to loosely follow Nasdaq, well how loose? What’s the performance? You could track Nasdaq yourself easily for much less cost. You may want to consider reevaluating that piece before putting in more.', '14k1zvk'], ['u/my_name_is_gato', 11, '2023-06-27 06:17', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpojvf5/', 'Why 30 year bonds, especially in an era of a prolonged inverted yield curve? It seems silly for an individual investor to tie up capital for so long at far less return than say a short term T-bill ladder would offer. \n\n\nI see far greater benefit to preserving liquidity with the goal of using downturns to place a little more in equities. At age 23, there is a better risk/reward to equities than long term bonds. The chance to buy into a downturn at such a young age is something most people never have a chance to do. OP can afford to be more aggressive and has a lot of time to capture upside.', '14k1zvk'], ['u/FitmiscFA', 21, '2023-06-27 07:16', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpopbee/', 'You could just buy QQQM yourself which has a very low expense ratio and save yourself a ton of money. They are doing something incredibly simple and charging you a lot of money to do it.', '14k1zvk'], ['u/AccomplishedClub6', 12, '2023-06-27 10:17', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpp3ku2/', 'Do not pay 1% expense ratios! Fees compound over time. You lose that 1% every single year and you also lose what that money would have earned you when compounded over 40-50 years. \n\nIf there’s 1 single advice you take away from all these replies: please pick a low cost index fund that charges 0.02% instead of the 1.00% (50 times less fees). It’s so much easier than dealing with a “financial advisor” AKA glorified salesperson, and you’ll likely save at least $100,000 in fees over your lifetime.', '14k1zvk'], ['u/AccomplishedClub6', 11, '2023-06-27 10:24', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpp41lw/', 'Tech has done well recently - you should go back and calculate your returns if you has just invested in a tech heavy stock index without the fees.\n\nPast returns do not guarantee future results. But with a 1% expense ratio I can guarantee you’ll fall way behind the market over the long term. It takes a special kind of genius and a lot of luck to beat the market by an average of 1% a year over 30-40 years. It’s near impossible.', '14k1zvk']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, June 27, 2023', 38, '2023-06-27 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/', '14k2rn3', [['u/therein', 10, '2023-06-27 09:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpoxxjv/', '12 hours until the price unexpectedly rises. It is a mystery.', '14k2rn3'], ['u/viralhysteria', 13, '2023-06-27 13:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppl75i/', 'not expecting the crab to last much longer \n[https://i.imgur.com/OdeGMMV.jpg](https://i.imgur.com/OdeGMMV.jpg)', '14k2rn3'], ['u/gozunker', 11, '2023-06-27 14:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppn5os/', 'My man, seems like you prefer maximum pain', '14k2rn3'], ['u/RequestApproved', 10, '2023-06-27 14:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppnm68/', 'Looks like a retest of 31k may be on the cards, although momentum has tapered on lower timeframes.', '14k2rn3'], ['u/imissusenet', 25, '2023-06-27 14:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppqct9/', "Yesterday, BTC closed on Coinbase at $30,272.66. That is 2.3257x of the price exactly 4 years earlier ($13,016.23), and marks the lowest that ratio has been in BTC's history. That is an annual compound growth rate of 23.49%. At that rate, the price doubles every 1078 days.\n\nThe previous low was 2.4119x. The good news is that by 26 Jul 2019, the price was back under $9.9K, so the 4-year ratio is bound to improve, barring a nasty drop in the next month.\n\nEDIT: Corrected CAGR and doubling days per u/dopeboyrico", '14k2rn3'], ['u/dopeboyrico', 13, '2023-06-27 15:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppvdlx/', 'Annualized Return = [(Ending value of investment / Beginning value of investment) ^ (1 / Number of years held)] - 1\n\nThen multiply by 100 to convert into a percentage rather than a fraction.', '14k2rn3'], ['u/PurpleFlamingoFarmer', 10, '2023-06-27 16:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq0gm6/', "You might be retarded. We were in a bear market for so long we broke out of that earlier this year and you keep shorting and shorting? During a bull market you're gonna get eaten alive over the next 6-7months", '14k2rn3'], ['u/ubermensch012', 16, '2023-06-27 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq11vk/', 'No wonder I slept so well today, long going strong. See yall at 35k.', '14k2rn3'], ['u/ubermensch012', 11, '2023-06-27 16:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq1d2w/', "Let him be, we need rocket fuel. He'll be back to being bullish when I start to unload my bags.", '14k2rn3'], ['u/escendoergoexisto', 11, '2023-06-27 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq5465/', 'I’m more excited about weakening res due to PA taking another shot at it. That upside wick on the daily needs filling.', '14k2rn3'], ['u/delgrey', 15, '2023-06-27 16:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq8s2r/', 'BITX opened today to good volume. Looks like 2x leverage for Bitcoin futures is popular enough.\n\nAlso Fidelity gonna apply for Spot ETF soon. I think that one is expected but hey the more the merrier.', '14k2rn3'], ['u/ImpudicusFungus', 12, '2023-06-27 17:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq9fjx/', 'The crab is still on the menu for supper?', '14k2rn3'], ['u/BootyPoppinPanda', 17, '2023-06-27 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpqfsde/', "This $31-33k range, give or take, is probably the strongest S/R level of the entire previous cycle. There are some decent levels above it, but I'd be quite pleased to see 35k at some point hopefully in the next few weeks, maybe days.", '14k2rn3'], ['u/delgrey', 23, '2023-06-27 20:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpr4pzz/', 'So it turns out Prime Trust lost the keys to their Bitcoin in 2021 then used client funds to try to trade their way back. "Qualified Custodian" heh.\n\n[Prime trust goes into receivership. They are done.](https://twitter.com/tier10k/status/1673743351785439251)\n\n[Prime trust traded garbage to try to dig out of hole](https://twitter.com/ArkhamIntel/status/1673749704163856384?t=dMLfWPpuuwafUgsenMvq8Q&s=19)', '14k2rn3'], ['u/NervousNorbert', 14, '2023-06-27 21:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprav1j/', 'What a god damn clown show this whole field is. It\'s been nine years since Mt. Gox collapsed and we still have "serious" actors going "oh god I lost my customers\' funds but I think I can trade my way back".', '14k2rn3'], ['u/AccidentalArbitrage', 18, '2023-06-27 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprcoyy/', "Looks like they bought back most of what they lost, already, using clients' fiat:\n\n>Prime Trust owes customers $85,670,000, in fiat currency, but only has $2,904,000 \nAs to digital currency, PT owes $69,509,000 to its clients but only has $68,648,000\n\n[https://twitter.com/tier10k/status/1673744184572887049](https://twitter.com/tier10k/status/1673744184572887049)\n\nThose numbers are much, much, smaller than I expected for as how often I see Prime Trust mentioned.\n\nIn terms of a shortfall, this is like an exchange no one has ever heard of going bust.\n\nAnyone want to join my new startup? A digital currency custodian that:\n\n1. Knows how to properly fucking handle keys\n2. Doesn't lend, trade, anything. You pay us a % fee per year to securely store your coins and give them to you when you request a withdrawal.\n\nA simple, profitable business, none of this stupid, sketchy, shit.", '14k2rn3'], ['u/delgrey', 11, '2023-06-27 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprkhr5/', "Get this... Prime Trust's biggest crypto holding is AUDIO. The soundest of monies.", '14k2rn3'], ['u/ReflectionFamiliar68', 11, '2023-06-27 22:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprm4dt/', 'Leaving your money with someone else is actually one of the main problems bitcoin solved, and then most people just ignored that solution and gave their money away for no reason at all', '14k2rn3']]], ['u/SlugFunkE', 'Bitcoin is amazing', 54, '2023-06-27 07:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/', 'I got a new hardware wallet and wanted to make a few test transaction. \n\n1. I bought $25 of bitcoin from strike, no fee.\n\n2. I send said bitcoin to my new cold wallet, no fee. (Strike is the best)\n\n3. I sent my Bitcoin from cold wallet to hot wallet, paid 36 cents high priority speed.\n\n4. I finally send the bitcoin back to my cold wallet from hot wallet, paid 37 cents. \n\nI started with $25 and ended with $24.27.\n\nAs someone who wires transactions monthly threw my bank, this is amazing. I hodl bitcoin but to send some back and forth felt amazing. \n\nLong live bitcoin!', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/', '14k4kfx', [['u/Ectophial1', 47, '2023-06-27 07:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jporl4q/', "Don't try this with ETH 🤣", '14k4kfx'], ['u/JGCheema', 16, '2023-06-27 07:50', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jposbg8/', "I started with 25$ eth and at the end i was left with no house. Wouldn't recommend 0/10", '14k4kfx'], ['u/CrimsonFox99', 12, '2023-06-27 08:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpotz2g/', 'So you and the 18 other people who use it to avoid wire transfer fees can rejoice while the rest of us stare at charts.', '14k4kfx'], ['u/MinimalGravitas', 11, '2023-06-27 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoutk5/', 'To send ether on the Ethereum network (and have the transaction confirmed within 3 minutes) currently costs about $0.43:\n\nhttps://etherscan.io/gastracker\n\n\nTo send bitcoin over the Bitcoin network (and have the transaction confirmed within 1 hour) currently costs about $1.49:\n\nhttps://btc.network/estimate', '14k4kfx'], ['u/ChemicalGreek', 26, '2023-06-27 08:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpov1ab/', 'No ETH will be left after these transactions 🫡', '14k4kfx'], ['u/deathbyfish13', 53, '2023-06-27 08:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoxuyc/', "This is the weirdest Strike ad I've seen", '14k4kfx'], ['u/TukkerWolf', 24, '2023-06-27 08:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoxv8k/', 'Must be a great feeling for Americans to electronically wire money for free, like Europeans have been doing for decades now?', '14k4kfx'], ['u/marcosg_aus', 10, '2023-06-27 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoy9r7/', "I don't understand... I transfer money between banks on a daily basis for nothing.. bank account is free, they pay interest on my savings. Why is getting charged to transfer money around a good thing?", '14k4kfx'], ['u/ProjectZeus', 17, '2023-06-27 09:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoyq1v/', "Call me old-fashioned, but losing 3% of your money just to move it around twice isn't that impressive", '14k4kfx'], ['u/Ryan-Cohen', 11, '2023-06-27 09:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpp0pg4/', 'Americans have been sending money for free too. OP is just one of the few that somehow thinks paying 3% to transfer money to his own accounts is a good deal', '14k4kfx']]], ['u/CooperStellar', 'Batman and Robin go out for a few drinks', 2685, '2023-06-27 07:42', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/', 'Both superheroes are exhausted after a long week of non-stop crime fighting, and decide to chill for a few a hours at the local watering hole.\n\nRobin knows his friend has been working way too hard and for long hours. So he thinks, what the heck, he can get drunk and relax. He decides to remain watchful and orders non-alcoholic beer, while Batman orders a bottle a scotch for himself.\n\nThe booze takes the edge off and Batman opens up about his dead parents, the millions he\'s lost on Bitcoin, his romantic relationship failures... He\'s almost crying.\n\nA couple of hours later he finishes the bottle and is totally shit-faced. Robin pays the bill, and they exit the bar and head off to where they parked the Batmobile.\n\nBatman can barely walk. He realizes he can\'t drive so he hands the Batmobile\'s keys to Robin. "You\'re driving tonight, kiddo".\n\nRobin\'s jaw drops. He can\'t believe his luck. After all these years, he\'s finally driving this machine! And boy, is he going to test its limits! He puts Batman in the passenger seat, lowers it and buckles him up.\n\nHe turns on the engine, grabs the stick shift, shifts into first and slams down the gas pedal. He quickly shifts into second, third gear. He goes from 0-60 in 2.5 seconds. He\'s driving through Gotham\'s streets like a maniac. He takes a hard turns and downshifts to control the steer. He enters the freeway and is quickly upshifting gears again.\n\nHe wants to take this baby to the limit so he repeatedly takes exits and climbs back unto the freeway. He takes exit ramps at 90 mph. He\'s pushing over 150. And he\'s controlling the car with the stick alone, masterfully upshifting and downshifting. He\'s barely touched the brakes. Batman hasn\'t made a peep.\n\nAfter a while, he realizes he\'s pushed the Batmobile enough and probably came close to busting the gearbox. He drives back to the Batcave.\n\nHe parks the Batmobile and opens the door to exit, but a hand stops him.\n\n"Kiss me, Robin."\n\n"Say what, Batman?!?"\n\n"Kiss me, Robin!"\n\n"Batman, what the heck? You know I\'m not gay!"\n\n"Robin, shut up and give a me kiss."\n\n"I don\'t know what gave you that idea, but im not into you!"\n\n"Oh come on, Robin. You\'ve always known that the Batmobile is automatic."\n\nEDIT: A word.\n\nEDIT 2: Thanks for all the upvotes! Apologies for any grammar mistakes as I translated it to English, and it is not my native language.', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/', '14k4r1m', [['u/RIP_comment_section', 10, '2023-06-27 08:00', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpot4q4/', 'Hahaha this belongs on 4chan', '14k4r1m'], ['u/FillThisEmptyCup', 10, '2023-06-27 09:13', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpoyxvs/', 'Jared Fogel as the Batman… but only if Joe Pesci can be the Batboy.', '14k4r1m'], ['u/Flarexxx', 45, '2023-06-27 09:17', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpoz6ym/', 'Can someone explain', '14k4r1m'], ['u/foodsexreddit', 117, '2023-06-27 09:24', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpozryi/', "It wasn't the stick shift he grabbed.", '14k4r1m'], ['u/pravin-singh', 70, '2023-06-27 09:28', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp00a5/', 'Automatic Transmission, meaning no stick-shift. So the "stick" robin has been so furiously working up is in fact ...', '14k4r1m'], ['u/BrunoAndRoyal', 18, '2023-06-27 09:32', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp0cu1/', "He wasn't grabbing the stick, Robin was jerking Batman off", '14k4r1m'], ['u/amerkanische_Frosch', 238, '2023-06-27 09:38', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp0rgq/', 'Poor Alfred is going to have to do a lot of car upholstery cleaning.', '14k4r1m'], ['u/phd2k1', 47, '2023-06-27 09:40', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp0xbm/', 'Penis', '14k4r1m'], ['u/lofty99', 196, '2023-06-27 09:57', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp243i/', "I knew Robin's real name was Dick", '14k4r1m'], ['u/smchattan', 21, '2023-06-27 10:19', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp3p7g/', "From someone who's never driven stick.", '14k4r1m'], ['u/the_harshit_j', 59, '2023-06-27 10:34', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp4qd9/', 'That joke took a weird turn.', '14k4r1m'], ['u/LordTonto', 145, '2023-06-27 10:41', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp59yy/', 'whoa whoa whoa "both SUPERHEROES?!" One superhero and one sidekick.', '14k4r1m'], ['u/shippinglaw', 818, '2023-06-27 10:48', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp5rpy/', '"...probably came to busting the gearbox"', '14k4r1m'], ['u/desi_curry', 97, '2023-06-27 10:51', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp5x68/', 'So robin grabbed a batdick', '14k4r1m'], ['u/DerRaumdenker', 848, '2023-06-27 11:11', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp7dqc/', "Why does batman wear dark clothes? So he won't get shot\n\nWhy does Robin wear brightly colored clothes? So batman won't get shot", '14k4r1m'], ['u/noonionclub', 371, '2023-06-27 11:32', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp8x46/', "Why does Batman wears a mask that doesn't cover his whole face? So he won't get shot by cops.", '14k4r1m'], ['u/Lem0n_Lem0n', 20, '2023-06-27 11:37', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp99xl/', 'Batsitck in that particular context...', '14k4r1m'], ['u/Chromeboy12', 13, '2023-06-27 11:49', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppa6ek/', "I've never driven automatic and it still took me a minute to get it lol", '14k4r1m'], ['u/gagaDESTROYER', 75, '2023-06-27 11:51', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppabu7/', 'Omg...i just realised the joke thanks to your comment. Thanks i guess?', '14k4r1m'], ['u/desi_curry', 19, '2023-06-27 11:53', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppah8u/', 'Pleasure', '14k4r1m'], ['u/No-Love-5245', 61, '2023-06-27 12:17', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppcb6m/', "Lol, I don't get this. Is this to do with colour?", '14k4r1m'], ['u/lankymjc', 77, '2023-06-27 12:25', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppcxb6/', 'Yeah the joke is that cops only shoot black folks.', '14k4r1m'], ['u/lankymjc', 24, '2023-06-27 12:25', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppcylx/', 'Sidekicks are heroes too! Teen titans represent!', '14k4r1m'], ['u/GolettO3', 217, '2023-06-27 12:32', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppdjbz/', 'How many American cops does it take to change a light bulb? None, they just beat the room for being black.', '14k4r1m'], ['u/GolettO3', 67, '2023-06-27 12:34', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppdmrj/', 'Whoa whoa whoa "Superheroes"?! Neither of them have powers', '14k4r1m'], ['u/DCP23', 21, '2023-06-27 12:50', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppf0zc/', "was Batman's.", '14k4r1m'], ['u/r_kay', 71, '2023-06-27 12:51', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppf52n/', 'Money is the best superpower.', '14k4r1m'], ['u/WhyYouYellinAtMeMate', 94, '2023-06-27 13:13', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpph0nl/', 'In order for this joke to make any sense at all... I have to assume Batman immediately whipped out a raging boner when they got into the Batmobile. Otherwise, Robin would have had to fish out the Batknob.', '14k4r1m'], ['u/doowgad1', 24, '2023-06-27 13:29', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppikq4/', "Look up 'The Tick' cartoon show. There was an episode where The Tick and Arthur go to a superhero bar, but they don't let Arthur inside; he has to go to the shed behind the place and hang with the sidekicks.", '14k4r1m'], ['u/B71115', 123, '2023-06-27 13:39', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppji6l/', 'Whatever turns you on', '14k4r1m'], ['u/lankymjc', 13, '2023-06-27 13:55', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppl5pc/', 'The sidekick bigotry goes deep! We must rise up!', '14k4r1m'], ['u/oO0Kat0Oo', 10, '2023-06-27 13:56', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppl98u/', "Because automatic cars still have a stick in the center console. At least, most of them still do. Some have reverted to just buttons. \n\n...and you can still shift gears in an automatic if you want to. \n\nJust don't think too hard about it.", '14k4r1m'], ['u/Jonk3r', 83, '2023-06-27 13:59', 'https://www... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedlypreparingfor a spot Bitcoin exchange-traded fund (ETF) application.\nBitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days.\nEther rose 1.63% to US$1,887 for a gain of 5.61% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain.\nFidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news sitereportedon Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets.\nHowever, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did howeverlaunchtheFidelity Advantage Bitcoin ETFin Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year.\nInvestors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedlyofferingBitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong.\nHSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally beenfrostytoward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges.\n“Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement.\nThe total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week.\nThe decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“This may reflect traders selling their existing assets to buy the newAzuki Elementalscollection,” Petscher added. “It also reflects a major sell-off in the mainAzukiandBeanzcollections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].”\nNFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlamdata.\n“As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 whenOtherdeedsNFTs were minted.\nNotably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million.\n“It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” PetschersaidTuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?”\nAsia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by reboundinghome salesand strengthenedconsumer confidence.\nHowever, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%.\nIn China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to officialdatareleased Wednesday.\nPremier Li Qiangsaidat the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said.\nElsewhere in the region, South Korea’s consumer sentiment indexclimbedin June to beat expectations and reach the highest since May last year.\nIn Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS)datashowed Wednesday\n“While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesdaystatement.\nWhile the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S.\nPowell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add South Korea data in equities section.)', 'Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedly preparing for a spot Bitcoin exchange-traded fund (ETF) application. All top 10 cryptos rise Bitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days. Ether rose 1.63% to US$1,887 for a gain of 5.61% for the week. All top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain. Fidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news site reported on Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, including BlackRock , WisdomTree , Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets. However, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did however launch the Fidelity Advantage Bitcoin ETF in Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year. Investors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedly offering Bitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong. HSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally been frosty toward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges. Story continues “Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement. The total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data. Azuki Elementals NFTs take off The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week. The decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “This may reflect traders selling their existing assets to buy the new Azuki Elementals collection,” Petscher added. “It also reflects a major sell-off in the main Azuki and Beanz collections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].” NFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlam data . “As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 when Otherdeeds NFTs were minted. Notably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million. “It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” Petscher said Tuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?” Asia stocks mixed, China industrial profits sink Chinese Premier Li Qiang. Image: Getty Images Asia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by rebounding home sales and strengthened consumer confidence . However, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%. In China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to official data released Wednesday. Premier Li Qiang said at the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said. Elsewhere in the region, South Korea’s consumer sentiment index climbed in June to beat expectations and reach the highest since May last year. In Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS) data showed Wednesday “While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesday statement . While the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S. Powell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add South Korea data in equities section.)', 'Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedlypreparingfor a spot Bitcoin exchange-traded fund (ETF) application.\nBitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days.\nEther rose 1.63% to US$1,887 for a gain of 5.61% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain.\nFidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news sitereportedon Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets.\nHowever, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did howeverlaunchtheFidelity Advantage Bitcoin ETFin Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year.\nInvestors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedlyofferingBitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong.\nHSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally beenfrostytoward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges.\n“Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement.\nThe total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week.\nThe decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“This may reflect traders selling their existing assets to buy the newAzuki Elementalscollection,” Petscher added. “It also reflects a major sell-off in the mainAzukiandBeanzcollections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].”\nNFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlamdata.\n“As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 whenOtherdeedsNFTs were minted.\nNotably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million.\n“It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” PetschersaidTuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?”\nAsia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by reboundinghome salesand strengthenedconsumer confidence.\nHowever, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%.\nIn China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to officialdatareleased Wednesday.\nPremier Li Qiangsaidat the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said.\nElsewhere in the region, South Korea’s consumer sentiment indexclimbedin June to beat expectations and reach the highest since May last year.\nIn Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS)datashowed Wednesday\n“While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesdaystatement.\nWhile the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S.\nPowell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add South Korea data in equities section.)', 'Good morning. Here’s what’s happening:\nPrices:The market remains optimistic about a bitcoin ETF, and good economic data from the U.S. is keeping it in the green.\nInsights:Singapore\'s ease of doing business, regulatory structure and digital infrastructure largely accounted for its number two ranking in the CoinDesk Hubs survey.\nCoinDesk Market Index (CMI)\n1,237\n+7.1▲0.6%\nBitcoin (BTC)\n$30,585\n+293.3▲1.0%\nEthereum (ETH)\n$1,874\n+16.6▲0.9%\nS&P 500\n4,378.41\n+49.6▲1.1%\nGold\n$1,925\n+1.1▲0.1%\nNikkei 225\n32,538.33\n−160.5▼0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "+7.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,585", "+293.3\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "+16.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,378.41", "+49.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "+1.1\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,538.33", "\\u2212160.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is Comfortable at $30K\nMost major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets.\nBitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data.\nLayer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. TheCoinDesk Market Index (CMI)was also up 1.4%.\n“There was a lot of US economic data released today, and the key takeaway was that the economy is not breaking just yet,” Edward Moya, OANDA Senior Market Analyst, told CoinDesk in a note. “Bitcoin momentum remains intact as Fidelity joins the quest for the elusive bitcoin ETF…optimism is here that one of these financial giants will get one done before summer\'s end.”\nDuring arecent appearance on CoinDesk TV, Moya predicted that bitcoin could reach $40,000 before the end of the year.\n“Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. Initial resistance comes from the 34,000 level, and if we do see a bitcoin ETF approval, institutional momentum could take the rally as high as the $40,000 level,” he told CoinDesk. “Any major setbacks with a BlackRock ETF rejection and a Grayscale defeat could temporarily kill the rally, but optimism will still remain that the ETF will eventually get done.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+12.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.2%", "DACS Sector": "Computing"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nSingapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nKnown for governmental efficiency, the city-state of Singapore scored highest overall for the three measures it could control: regulatory structure (35% of the total score and included in the drivers category), digital infrastructure (12%) and ease of doing business (10%), which are both part of the enablers category. That was enough to be firmly ensconced in second place despite middling scores for quality of life – due to a very high cost of living – and per-capita crypto jobs, companies and events, which comprise the opportunities category.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nDespite the crypto industry’s well-earned reputation as theWild West, crypto founders tend to prioritize predictability and clear regulations when shopping for a place to incorporate. That’s why the well-regulated, efficiently governed city-state of Singapore hosts the headquarters or satellites of some of the biggest brands in crypto, including Binance, Coinbase andCrypto.com. But after the spectacular failures of its homegrown darlingsTerraform Labs and Three Arrows Capital plunged the ecosystem into Crypto Winter, Singapore’s crypto community is licking its wounds – and beginning to look to the future.\nSingapore still has a strong reputation: it received the most mentions for best crypto hub in a select CoinDesk survey sent to about three dozen globetrotting crypto professionals this spring. The Red Dot has all the ingredients of a strong crypto hub, with the highest rating in the world for digital infrastructure (as measured by theTufts/Fletcher Digital Evolution Index) and second-highest ranking in the World Bank’sEase of Doing Business index.\nIt is the most competitive fintech hub in the Asia Pacific region, according to the2023 Global Financial Centres Index, edging out Hong Kong, and a regulatory leader for crypto. In 2020, the Monetary Authority of Singapore (MAS) passed the Payment Services License Act. “There were all these companies that were all rushing to Singapore to apply for the license because it was actually the first regulator in the region that had a proper digital-assets licensing framework,” said Pamela Lee, head of APAC sales at Talos, developer of institutional-grade technology for digital-asset trading.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nPrakash Somosundram, founder of Enjinstarter, a blockchain-based crowdfunding platform for early crypto projects, described having had a “front row seat” to the Singaporean crypto scene since 2015. “In the early days, when it came to crypto, from a regulatory perspective, it was very pro. So this is where a lot of crypto influencers moved their capital,” Somosundram said. And with no capital gains tax, “It is an ideal place for the crypto affluent to actually come here.”\nA highly educated workforce and institutional fintech know-how have been a potent mix for Singapore. Among the first initial coin offerings (ICO) were Singaporean startups such as cryptocurrency payment platform TenX, which raised $43 million in just seven minutes in 2017. That year, Singapore even surpassed the U.S. with $1.5 billion versus $1.2 billion in ICO funding, an astounding amount for a locale that is roughly the landmass of New York City, with just two-thirds of the population.\nRead the full storyhere:\nEuropean Central Bank Forum for Central Banking(Portugal)\nPoint Zero Forum(Zurich, Switzerland)\nBlockchance 23(Hamburg, Germany)\nJoe Biden speech on the economy(Chicago)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCircle CEO Expects Bitcoin ETFs to Likely be Approved; Top Crypto Hubs in 2023\nIn a Bloomberg interview, Circle CEO Jeremy Allaire said he expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed. OANDA Senior Market Analyst for The Americas Edward Moya shared his crypto markets analysis as bitcoin (BTC) holds above $30,000. Plus, Wilk Auslander LLP partner Eric Snyder discussed a new report from the FTX team that digs through the financial guts of the failed exchange. And, CoinDesk ranked the top crypto hubs in 2023. MidChains co-founder and CEO Basil Al Askari explains why Abu Dhabi made the list.\nAs Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets:The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.\nFTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg:The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.\nTrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says:The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.\nJack Dorsey Questions Apple\'s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms:The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store.\nFirst Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut:The ETF saw about $500K worth of trades in the first 15 minutes.', 'Good morning. Here’s what’s happening: Prices: The market remains optimistic about a bitcoin ETF, and good economic data from the U.S. is keeping it in the green. Insights: Singapore\'s ease of doing business, regulatory structure and digital infrastructure largely accounted for its number two ranking in the CoinDesk Hubs survey. Prices CoinDesk Market Index (CMI) 1,237 +7.1 ▲ 0.6% Bitcoin (BTC) $30,585 +293.3 ▲ 1.0% Ethereum (ETH) $1,874 +16.6 ▲ 0.9% S&P 500 4,378.41 +49.6 ▲ 1.1% Gold $1,925 +1.1 ▲ 0.1% Nikkei 225 32,538.33 −160.5 ▼ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,237 +7.1 ▲ 0.6% Bitcoin (BTC) $30,585 +293.3 ▲ 1.0% Ethereum (ETH) $1,874 +16.6 ▲ 0.9% S&P 500 4,378.41 +49.6 ▲ 1.1% Gold $1,925 +1.1 ▲ 0.1% Nikkei 225 32,538.33 −160.5 ▼ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is Comfortable at $30K Most major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets. Bitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data. Layer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. The CoinDesk Market Index (CMI) was also up 1.4%. “There was a lot of US economic data released today, and the key takeaway was that the economy is not breaking just yet,” Edward Moya, OANDA Senior Market Analyst, told CoinDesk in a note. “Bitcoin momentum remains intact as Fidelity joins the quest for the elusive bitcoin ETF…optimism is here that one of these financial giants will get one done before summer\'s end.” During a recent appearance on CoinDesk TV , Moya predicted that bitcoin could reach $40,000 before the end of the year. “Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. Initial resistance comes from the 34,000 level, and if we do see a bitcoin ETF approval, institutional momentum could take the rally as high as the $40,000 level,” he told CoinDesk. “Any major setbacks with a BlackRock ETF rejection and a Grayscale defeat could temporarily kill the rally, but optimism will still remain that the ETF will eventually get done.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Stellar XLM +12.2% Smart Contract Platform Cosmos ATOM +2.1% Smart Contract Platform Chainlink LINK +1.2% Computing Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.2% Smart Contract Platform Gala GALA −1.3% Entertainment Loopring LRC −0.7% Smart Contract Platform Insights Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset Known for governmental efficiency, the city-state of Singapore scored highest overall for the three measures it could control: regulatory structure (35% of the total score and included in the drivers category), digital infrastructure (12%) and ease of doing business (10%), which are both part of the enablers category. That was enough to be firmly ensconced in second place despite middling scores for quality of life – due to a very high cost of living – and per-capita crypto jobs, companies and events, which comprise the opportunities category. For more on the criteria and how we weighted them, see: How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology. (Ian Suarez/CoinDesk) Despite the crypto industry’s well-earned reputation as the Wild West , crypto founders tend to prioritize predictability and clear regulations when shopping for a place to incorporate. That’s why the well-regulated, efficiently governed city-state of Singapore hosts the headquarters or satellites of some of the biggest brands in crypto, including Binance, Coinbase and Crypto.com . But after the spectacular failures of its homegrown darlings Terraform Labs and Three Arrows Capital plunged the ecosystem into Crypto Winter , Singapore’s crypto community is licking its wounds – and beginning to look to the future. Singapore still has a strong reputation: it received the most mentions for best crypto hub in a select CoinDesk survey sent to about three dozen globetrotting crypto professionals this spring. The Red Dot has all the ingredients of a strong crypto hub, with the highest rating in the world for digital infrastructure (as measured by the Tufts/Fletcher Digital Evolution Index ) and second-highest ranking in the World Bank’s Ease of Doing Business index . It is the most competitive fintech hub in the Asia Pacific region, according to the 2023 Global Financial Centres Index , edging out Hong Kong, and a regulatory leader for crypto. In 2020, the Monetary Authority of Singapore (MAS) passed the Payment Services License Act. “There were all these companies that were all rushing to Singapore to apply for the license because it was actually the first regulator in the region that had a proper digital-assets licensing framework,” said Pamela Lee, head of APAC sales at Talos, developer of institutional-grade technology for digital-asset trading. Read Crypto Hubs 2023: Where to Live Freely and Work Smart Prakash Somosundram, founder of Enjinstarter, a blockchain-based crowdfunding platform for early crypto projects, described having had a “front row seat” to the Singaporean crypto scene since 2015. “In the early days, when it came to crypto, from a regulatory perspective, it was very pro. So this is where a lot of crypto influencers moved their capital,” Somosundram said. And with no capital gains tax, “It is an ideal place for the crypto affluent to actually come here.” A highly educated workforce and institutional fintech know-how have been a potent mix for Singapore. Among the first initial coin offerings (ICO) were Singaporean startups such as cryptocurrency payment platform TenX, which raised $43 million in just seven minutes in 2017. That year, Singapore even surpassed the U.S. with $1.5 billion versus $1.2 billion in ICO funding, an astounding amount for a locale that is roughly the landmass of New York City, with just two-thirds of the population. Read the full story here : Important events. European Central Bank Forum for Central Banking (Portugal) Point Zero Forum (Zurich, Switzerland) Blockchance 23 (Hamburg, Germany) Joe Biden speech on the economy (Chicago) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Circle CEO Expects Bitcoin ETFs to Likely be Approved; Top Crypto Hubs in 2023 In a Bloomberg interview, Circle CEO Jeremy Allaire said he expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed. OANDA Senior Market Analyst for The Americas Edward Moya shared his crypto markets analysis as bitcoin (BTC) holds above $30,000. Plus, Wilk Auslander LLP partner Eric Snyder discussed a new report from the FTX team that digs through the financial guts of the failed exchange. And, CoinDesk ranked the top crypto hubs in 2023. MidChains co-founder and CEO Basil Al Askari explains why Abu Dhabi made the list. Headlines As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets: The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets. FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg: The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources. TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says: The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust. Jack Dorsey Questions Apple\'s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms: The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store. First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut: The ETF saw about $500K worth of trades in the first 15 minutes.', 'Good morning. Here’s what’s happening:\nPrices:The market remains optimistic about a bitcoin ETF, and good economic data from the U.S. is keeping it in the green.\nInsights:Singapore\'s ease of doing business, regulatory structure and digital infrastructure largely accounted for its number two ranking in the CoinDesk Hubs survey.\nCoinDesk Market Index (CMI)\n1,237\n+7.1▲0.6%\nBitcoin (BTC)\n$30,585\n+293.3▲1.0%\nEthereum (ETH)\n$1,874\n+16.6▲0.9%\nS&P 500\n4,378.41\n+49.6▲1.1%\nGold\n$1,925\n+1.1▲0.1%\nNikkei 225\n32,538.33\n−160.5▼0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "+7.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,585", "+293.3\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "+16.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,378.41", "+49.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "+1.1\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,538.33", "\\u2212160.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is Comfortable at $30K\nMost major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets.\nBitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data.\nLayer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. TheCoinDesk Market Index (CMI)was also up 1.4%.\n“There was a lot of US economic data released today, and the key takeaway was that the economy is not breaking just yet,” Edward Moya, OANDA Senior Market Analyst, told CoinDesk in a note. “Bitcoin momentum remains intact as Fidelity joins the quest for the elusive bitcoin ETF…optimism is here that one of these financial giants will get one done before summer\'s end.”\nDuring arecent appearance on CoinDesk TV, Moya predicted that bitcoin could reach $40,000 before the end of the year.\n“Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. Initial resistance comes from the 34,000 level, and if we do see a bitcoin ETF approval, institutional momentum could take the rally as high as the $40,000 level,” he told CoinDesk. “Any major setbacks with a BlackRock ETF rejection and a Grayscale defeat could temporarily kill the rally, but optimism will still remain that the ETF will eventually get done.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+12.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.2%", "DACS Sector": "Computing"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nSingapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nKnown for governmental efficiency, the city-state of Singapore scored highest overall for the three measures it could control: regulatory structure (35% of the total score and included in the drivers category), digital infrastructure (12%) and ease of doing business (10%), which are both part of the enablers category. That was enough to be firmly ensconced in second place despite middling scores for quality of life – due to a very high cost of living – and per-capita crypto jobs, companies and events, which comprise the opportunities category.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nDespite the crypto industry’s well-earned reputation as theWild West, crypto founders tend to prioritize predictability and clear regulations when shopping for a place to incorporate. That’s why the well-regulated, efficiently governed city-state of Singapore hosts the headquarters or satellites of some of the biggest brands in crypto, including Binance, Coinbase andCrypto.com. But after the spectacular failures of its homegrown darlingsTerraform Labs and Three Arrows Capital plunged the ecosystem into Crypto Winter, Singapore’s crypto community is licking its wounds – and beginning to look to the future.\nSingapore still has a strong reputation: it received the most mentions for best crypto hub in a select CoinDesk survey sent to about three dozen globetrotting crypto professionals this spring. The Red Dot has all the ingredients of a strong crypto hub, with the highest rating in the world for digital infrastructure (as measured by theTufts/Fletcher Digital Evolution Index) and second-highest ranking in the World Bank’sEase of Doing Business index.\nIt is the most competitive fintech hub in the Asia Pacific region, according to the2023 Global Financial Centres Index, edging out Hong Kong, and a regulatory leader for crypto. In 2020, the Monetary Authority of Singapore (MAS) passed the Payment Services License Act. “There were all these companies that were all rushing to Singapore to apply for the license because it was actually the first regulator in the region that had a proper digital-assets licensing framework,” said Pamela Lee, head of APAC sales at Talos, developer of institutional-grade technology for digital-asset trading.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nPrakash Somosundram, founder of Enjinstarter, a blockchain-based crowdfunding platform for early crypto projects, described having had a “front row seat” to the Singaporean crypto scene since 2015. “In the early days, when it came to crypto, from a regulatory perspective, it was very pro. So this is where a lot of crypto influencers moved their capital,” Somosundram said. And with no capital gains tax, “It is an ideal place for the crypto affluent to actually come here.”\nA highly educated workforce and institutional fintech know-how have been a potent mix for Singapore. Among the first initial coin offerings (ICO) were Singaporean startups such as cryptocurrency payment platform TenX, which raised $43 million in just seven minutes in 2017. That year, Singapore even surpassed the U.S. with $1.5 billion versus $1.2 billion in ICO funding, an astounding amount for a locale that is roughly the landmass of New York City, with just two-thirds of the population.\nRead the full storyhere:\nEuropean Central Bank Forum for Central Banking(Portugal)\nPoint Zero Forum(Zurich, Switzerland)\nBlockchance 23(Hamburg, Germany)\nJoe Biden speech on the economy(Chicago)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCircle CEO Expects Bitcoin ETFs to Likely be Approved; Top Crypto Hubs in 2023\nIn a Bloomberg interview, Circle CEO Jeremy Allaire said he expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed. OANDA Senior Market Analyst for The Americas Edward Moya shared his crypto markets analysis as bitcoin (BTC) holds above $30,000. Plus, Wilk Auslander LLP partner Eric Snyder discussed a new report from the FTX team that digs through the financial guts of the failed exchange. And, CoinDesk ranked the top crypto hubs in 2023. MidChains co-founder and CEO Basil Al Askari explains why Abu Dhabi made the list.\nAs Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets:The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.\nFTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg:The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.\nTrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says:The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.\nJack Dorsey Questions Apple\'s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms:The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store.\nFirst Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut:The ETF saw about $500K worth of trades in the first 15 minutes.', "• The Dow snapped its losing streak Tuesday as stocks jumped on strong economic data.\n• Consumer confidence rose to its highest since early 2022, and new home sales grew last month.\n• Durable goods orders also rose and beat expectations, led by transportation.\nThe Dow Jones Industrial Average snapped its losing streak Tuesday as US stocks jumped on strong economic data.\nBlue chips had fallen for six consecutive sessions. But a slew of positive reports pointed to a resilient economy and helped ease concerns of a recession.\nConsumer confidencerose to a level not seen since early 2022, while last month's new home sales jumped to a15-month high. The housing market also benefited from a third month of appreciating home prices.\nMeanwhile,durable goods orders rose by 1.7%, led by transportation, surpassing expectations for a 0.9% decline.\nHere's where US indexes stood as the market closed at 4:00 p.m. on Tuesday:\nS&P 500: 4,378.41, up 1.15%\nDow Jones Industrial Average: 33,926.74, up 0.63% (212.03 points)\nNasdaq Composite:13,555.67, up 1.65%\nHere's what else is going on:\n• Baby boomers will be the economy's saving grace, as they retire and spend their $75 trillion nest egg, according to Ed Yardeni.\n• Overall rents fell last month, butsurged 4.5% in the Midwestas interest in the region grows.\n• Ukraine debt is becoming aleading emerging-market assetamid Russian setbacks.\n• Legendary investor Seth Klarman is turning towards thereal-estate marketas he braces for an economic slowdown.\n• Office building valuations will plummet35% in the next two yearsand won't regain their prices for decades, economists said.\nIn commodities, bonds, and crypto:\n• Both oil prices fell. TheWest Texas Intermediateunderwent a 2.1% slide, landing at $67.56 per barrel.Brent crude, the international benchmark, dropped 2.33% to $72.47 a barrel.\n• Goldeased 0.5% to $1,924.20 per ounce.\n• The10-year yieldrose 4.5 basis points to 3.764%.\n• Bitcoinrose 1.35% to $30,680.90.\nRead the original article onBusiness Insider", "Getty Images The Dow snapped its losing streak Tuesday as stocks jumped on strong economic data. Consumer confidence rose to its highest since early 2022, and new home sales grew last month. Durable goods orders also rose and beat expectations, led by transportation. The Dow Jones Industrial Average snapped its losing streak Tuesday as US stocks jumped on strong economic data. Blue chips had fallen for six consecutive sessions. But a slew of positive reports pointed to a resilient economy and helped ease concerns of a recession. Consumer confidence rose to a level not seen since early 2022, while last month's new home sales jumped to a 15-month high . The housing market also benefited from a third month of appreciating home prices. Meanwhile, durable goods orders rose by 1.7% , led by transportation, surpassing expectations for a 0.9% decline. Here's where US indexes stood as the market closed at 4:00 p.m. on Tuesday: S&P 500 : 4,378.41, up 1.15% Dow Jones Industrial Average : 33,926.74, up 0.63% (212.03 points) Nasdaq Composite : 13,555.67, up 1.65% Here's what else is going on: Baby boomers will be the economy's saving grace , as they retire and spend their $75 trillion nest egg, according to Ed Yardeni. Overall rents fell last month, but surged 4.5% in the Midwest as interest in the region grows. Ukraine debt is becoming a leading emerging-market asset amid Russian setbacks. Legendary investor Seth Klarman is turning towards the real-estate market as he braces for an economic slowdown. Office building valuations will plummet 35% in the next two years and won't regain their prices for decades, economists said. In commodities, bonds, and crypto: Both oil prices fell. The West Texas Intermediate underwent a 2.1% slide, landing at $67.56 per barrel. Brent crude , the international benchmark, dropped 2.33% to $72.47 a barrel. Gold eased 0.5% to $1,924.20 per ounce. The 10-year yield rose 4.5 basis points to 3.764%. Bitcoin rose 1.35% to $30,680.90. Read the original article on Business Insider", 'The dollar-pegged stablecoin TrueUSD (TUSD) is trading at a discount relative to its compatriot tether (USDT) onBinance.US, the U.S. subsidiary of Binance.\nAt press time, the TUSD/USDT pair traded at 89 cents onBinance.US, having hit a low of 80 cents on Wednesday, data from charting platform TradingView show. On Binance, the pair traded at around $0.9980.\nVolatility in stablecoins, which have evolved as funding currencies over the past three years, often feeds into the broader market. So far, TUSD\'s volatility has not impacted the b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $591,449,414,062 - Hash Rate: 280545974.4417444 - Transaction Count: 331278.0 - Unique Addresses: 627350.0 Social & AI Sentiment: - Fear & Greed Index: 0.62 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: As we approach the halfway mark for 2023, the year has been difficult to characterize for both equities and digital assets. Ongoing debates about the macroeconomic picture, both at home and internationally, have analysts wondering when the next shoe will drop. In March, when I wrote about theU.S. banking crisis, digital assets were rallying to annual highs, touted as a safe-haven asset and hedge against financial Armageddon. Since then, almost any meaningful headline has been shrugged off as unimportant. In the face of bank instability, the ongoing war between Russia and Ukraine, a 25-basis-point rate hike in May, a looming global recession and the U.S. debt-ceiling fight (that may or may not be resolved), digital assets (and equities) have seemingly lost interest in all conventional narratives that would normally spark a reaction from investors. In trading terms, both realized and implied volatility have drifted into all-time-low territory. Bitcoin’s (BTC) range over the past two weeks has been reduced to 6.3% with 30-day realized volatility at 42.1 (4th percentile on a one-year lookback) and ether (ETH) stuck in a narrow 7.1% range, with 30-day realized vol at 41.9 (1st percentile over a one-year lookback). You’re readingCrypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.Sign up hereto get it in your inbox every Wednesday. To take advantage of the ever-decreasing volatility in digital assets, traders are pressing short vol bets, wagering that the current conditions will persist, and with major market makers likeJane Street and Jump Capital reportedly slowing their crypto trading, maybe they are right. But can it really be that simple? “Sell volatility in May and go away?” Or are investors ignoring meaningful signals that could push bitcoin and ether out of their recent boundaries? The June 1 debt-ceiling deadline emerged recently as the obvious candidate for a binary volatility event. And for good reason: A default would send shockwaves through markets worldwide. In response to the uncertainty around this, bond markets have been pricing in risks, with 2- and 30-year Treasury yields rising sharply in May. And the U.S. Dollar Index (DXY) has initiated a strong double bottom rally off the 101.0 level. Typically, holding above this level hasn’t been good for bitcoin. A simple look at the chart below gives some perspective on the inverse correlation between bitcoin and DXY. Suffice to say, the recent calm in bitcoin and ether volatility should not lull market participants into a false sense of security. As the winds of macroeconomic change continue to blow, and underappreciated narratives start to play out, we could witness the sharp return of volatility that these assets are known for. If the “higher for longer” narrative continues to play out, expect a sticky dollar index above 101, and ongoing pressure for digital assets as investors navigate these murky waters.... - Reddit Posts (Sample): [['u/RuneW007', 'what altcoin is your "lottery ticket" for the next bullrun?', 75, '2023-06-28 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/', 'This subreddit seems to always give the solid advice of staying with the fundamentals when it comes to investing in cryptocurrencies, particularly Bitcoin and Ethereum. And I mostly listen to this advice but I have bought myself some "lottery ticket" altcoins that i\'m betting on for the next bullrun.\n\nI\'m looking at Holo and Hbar as my 2 tickets in the lottery, these coins had a great last bullrun and i\'m really confident in what these projects have to offer. Hbar is the coin with the most hype between the 2 but Holo is a fairly unknown coin that I really see having a great future. This is only a small percentage of my funds, so i\'m still being responsible. The other amount of my funds is going straight to Bitcoin and a bit of Eth.\n\nWho knows, maybe in 5 years from now, I will be driving in a lambo with license plate "Holo".', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/', '14ks8ey', [['u/Odlavso', 77, '2023-06-28 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jps9orh/', '> this subreddit seems to always give solid advice. \n \nYou might have posted this in the wrong sub', '14ks8ey'], ['u/Elegant_Tale_3929', 29, '2023-06-28 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jps9roj/', 'XRP and Atom', '14ks8ey'], ['u/meeleen223', 17, '2023-06-28 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jps9yo8/', "Moons, \n\nMoons only need like $100m mcap for $1 and $1b thats 1/6 of Safemoon's ath mcap and 1/6 of Shib bear market mcap for $10\n\nWith banner renting in bullrun being highly sought, amas burning, new proposals incoming for more burns, future big exchanges listings, number of Moons distributed to users dropping by 2.5% each round making Moons harder to earn and scarcer, we went from 1.6m moons distributed at peek of last bullrun to 980k now\n\nOnce stories get out of people making big $ all from posting on reddit, media hype that will snowball into waves of people joining the sub making Moons viral, we've seen power of reddit and subs like wsb go viral\n\nWe've also seen shittiest of coins go x10 in a bullrun and Moons have real potential", '14ks8ey'], ['u/Ashman3842278', 65, '2023-06-28 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsadat/', 'Loopring / Matic', '14ks8ey'], ['u/Ill-Sandwich-7703', 10, '2023-06-28 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsb1gi/', 'LRC. I still believe.', '14ks8ey'], ['u/JuanCruz1994', 31, '2023-06-28 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsbd9l/', 'Link', '14ks8ey'], ['u/Onnimation', 36, '2023-06-28 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsbqr4/', "Don't sleep on ADA", '14ks8ey'], ['u/risingcrow1o1', 102, '2023-06-28 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsc0k0/', 'Ya boy too old for this, I’m holding ETH', '14ks8ey'], ['u/Calm-Cartographer677', 31, '2023-06-28 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsc2aw/', 'Shill your altcoins lads.', '14ks8ey'], ['u/liveaskings', 29, '2023-06-28 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsc8rp/', "I literally lol'd when I read that part", '14ks8ey'], ['u/falk_lhoste', 12, '2023-06-28 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpscb5e/', "I'm still tired of my lottery ticket from the last bull: Algorand. \n\nGotta stay away from lottery tickets and play it more conservative this round.", '14ks8ey'], ['u/poptippp', 10, '2023-06-28 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpscot8/', 'I feel ya.', '14ks8ey'], ['u/_thewoodsiestoak_', 10, '2023-06-28 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsdmyt/', 'My man.', '14ks8ey'], ['u/LocksmithAware4210', 21, '2023-06-28 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsec31/', 'The fact that everyone is hating it makes me like it', '14ks8ey'], ['u/Popular_Worry_9294', 28, '2023-06-28 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsenac/', 'ADA is sleeping on us', '14ks8ey'], ['u/Extremecheez', 10, '2023-06-28 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsew7j/', 'Hbar is an easy choice. Good for you', '14ks8ey'], ['u/RupertSamborski', 16, '2023-06-28 01:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsf558/', 'ERG', '14ks8ey'], ['u/Just_Delete_PA', 14, '2023-06-28 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsfmnz/', "Ergo, and I honestly don't care what the price does at this point because in using it for a gaming project.", '14ks8ey'], ['u/RariCalamari', 15, '2023-06-28 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsg171/', "Who on earth would pay $10 for something that can be gotten by posting low eefort comments?\n\nSounds like there would be not much buyers and a LOT of sellers. \n\nLets hope for the best but I know I'm selling way before $10.", '14ks8ey'], ['u/TruthSeeekeer', 18, '2023-06-28 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsg610/', 'Feels like these were the lottery tickets for the last bull run, not so sure moving forward but I’ve been known to be wrong', '14ks8ey'], ['u/meeleen223', 31, '2023-06-28 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsg8wn/', 'LRC to $10 redemption arc, I believe', '14ks8ey'], ['u/allstater2007', 13, '2023-06-28 01:50', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpshblm/', '![gif](giphy\|NVBR6cLvUjV9C)\n\nLove my stinky linkies', '14ks8ey'], ['u/dunder_miflinfinity9', 15, '2023-06-28 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsi9ak/', 'You\'re not wrong. A "lotto ticket" isn\'t anything that\'d be in the top 25, or really anywhere in the top 100.', '14ks8ey'], ['u/Odysseus_Lannister', 11, '2023-06-28 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsiasg/', 'I’m hoping for the MATiC train to really take off', '14ks8ey'], ['u/Odysseus_Lannister', 11, '2023-06-28 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsicmg/', 'Fellow Link marine reporting for duty. \n\nMy linkies will forever stay stinky', '14ks8ey'], ['u/Lillica_Golden_SHIB', 14, '2023-06-28 02:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsjq3o/', 'Fast, low fees, 100% uptime and halving. We just need some /cc hate to make it boom like crazy.', '14ks8ey'], ['u/vinmansinvested', 15, '2023-06-28 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpslblj/', 'QNT', '14ks8ey'], ['u/sluttyseinfeld', 15, '2023-06-28 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpslcvd/', 'You’re correct. It’s pretty wild how on a sub about cryptocurrencies it seems like not one person has bothered to research any new altcoins. Just went through this whole thread and it’s all shitcoins from the past 2 cycles top to bottom 😂', '14ks8ey'], ['u/kundaliniredneck', 21, '2023-06-28 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsmzr7/', 'I’m still the same broke ass MF with the same car and the same shitty job except now I’m down $20,000 in ADA….', '14ks8ey'], ['u/Newone1255', 20, '2023-06-28 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsoi5v/', 'Been holding just Eth since 2017 and it’s done very well for me. During the last bull run when people came out the woodwork to ask what to buy id always say eth but everyone was looking for “the next eth” or saying “it’s to pricey im going to get a cheaper coin” when eth was hovering around $500. I can always tell when everything is going to be a bear soon because random ass people from my life 10 years ago come out asking for advice on crypto. Happened in late 2017 and happened again mid 2021.', '14ks8ey'], ['u/Dry_Department1792', 11, '2023-06-28 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsorhi/', 'Bitcoin Cash.', '14ks8ey']]], ['u/VincenzoZen', 'Can’t stop accumulating sats', 24, '2023-06-28 00:53', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/', 'Need help here :) \n\nI can’t stop accumulating sats!\nI set my self goal but once I reached them I do set new and big ones, so it never end.\n\nSometimes I think: and if everything goes ”banana” I lost basically all my money.\n\nEven though I’m ready to lose it all for something that I believe in it. \n\nWhat’s your goal? How many Btc or Sats do you want to accumulate ?\n\nDid u stop after reaching the goal??', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/', '14ksahw', [['u/onebtcisonebtc', 15, '2023-06-28 01:17', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/jpscspq/', 'I always double my goal... Not the good person to give an advice.', '14ksahw'], ['u/Boogyin1979', 16, '2023-06-28 03:21', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/jpstg82/', 'One of the guys on my SLT gets a massive per diem when he is on the road for work. Instead of hotels and meals he goes off grid and camps outside of whatever city he is in so he can use the dough for SATs. He can’t stop either haha.', '14ksahw'], ['u/pips_and_hoes', 16, '2023-06-28 03:23', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/jpstmvb/', 'Is it just me or more people are calling it sats', '14ksahw']]], ['u/Suspicious-Local-901', 'We’re still so early', 191, '2023-06-28 01:03', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/', 'Today I was overhearing a conversation between two colleagues about investing and stuff. Or finding treasures inside your house, like artwork or anything.\n\nAnyhow, they were talking about investing in the pharma industry, before covid and getting tons of gains from that.\n\nUntil one guy said: The one thing I still find amazing, even to this day, that some guys bought bitcoin before it exploded. The other one continued and said: Yeah I also know a guy who bought, but he was too stupid to sell.\n\nAnother guy picked in on the convo and said (I kid you not): yeah, too bad Bitcoin went bankrupt.\n\n\nBoy, we are still sooo early.', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/', '14ksj6y', [['u/imjustheretolurk12', 94, '2023-06-28 01:43', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsgb5i/', 'It makes me sad none of my friends, coworkers, wife, family have any BTC. They all know about it. Some think it\'s a great idea. But none own any. I wish I had an IRL friend to learn more about it with. They one thing they all know is "didn\'t it crash from like 60K?"', '14ksj6y'], ['u/adigabusymind', 57, '2023-06-28 02:32', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsmye2/', 'I Orange pilled my wife. She now has more Bitcoin than my self. Lol funny how life works.', '14ksj6y'], ['u/Boogyin1979', 27, '2023-06-28 03:37', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsvhae/', 'Me too. It was actually having something in common with my son that got me into BTC. We’ve now got the whole family.', '14ksj6y'], ['u/laughncow', 27, '2023-06-28 03:42', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsw2jd/', 'Man I thought I was late in 2013 😂', '14ksj6y'], ['u/ReadBeered', 22, '2023-06-28 04:08', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpszc1f/', 'I bought 7.5 BTC at around $800 each and sold them for a loss thinking it would never get back to $1000. Haha', '14ksj6y'], ['u/ReadBeered', 14, '2023-06-28 04:34', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt2p45/', 'Oh well, live and learn. Now I stack and DCA on my way back to whole coin status one of these days with plans to leave it in my will decades from now.', '14ksj6y'], ['u/baras21', 17, '2023-06-28 04:38', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt34qn/', 'Well, most people know about the stock market and gold and never invest. People don’t really understand bitcoin and think it’s gone which is not true', '14ksj6y'], ['u/Funkycold6', 19, '2023-06-28 04:59', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt5plc/', "I have told all my friends and family members since 2016. Only one family member got in. That was two years ago and we text almost 24/7 because of it. Other then that i stopped telling friends and family and don't care anymore if they miss the boat", '14ksj6y'], ['u/Funkycold6', 11, '2023-06-28 05:01', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt5y1o/', " Buddy at work thinks it's a scam and was created with silk road. We work in high positions in the IT field. So early", '14ksj6y'], ['u/Im_Bitman', 12, '2023-06-28 05:02', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt63q9/', '10gs for .1? Math doesn’t add up for me.', '14ksj6y'], ['u/DatBuridansAss', 10, '2023-06-28 05:03', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt66mv/', 'I remember reading versions of this exact comment back in 2013. "I only have like 5btc, not enough to be life changing." Stay humble and keep stacking. Never know what a few million sats will be worth in a decade or two.', '14ksj6y'], ['u/tax-this-dick', 23, '2023-06-28 06:23', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jptf0jl/', 'Dad?', '14ksj6y'], ['u/shpeucher', 10, '2023-06-28 06:40', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jptgqvq/', 'It’s the hardest money ever created and so multi dimensional. One day when it becomes a global unit of account, you’ll earn BTC directly instead of earning fiat and then buying it like it’s a stock or other investment. \n\nThis is what I’ll never understand when people say it can’t be a currency because “why would I ever use it if it changes price”. Well, for the same reason you use dollars to buy goods instead of using those same dollars to buy investments. Bitcoin just removes the separation between money and investment by making it serve both functions', '14ksj6y'], ['u/LegHam2021', 14, '2023-06-28 06:55', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpti7x0/', 'I got interested in 2017. Lost half a btc in the quadregaQx scandal. Decided that it was time to put my big boy pants on and start DCA ing in 2021. Almost got 0.1 btc now', '14ksj6y'], ['u/Rattlesnake_Mullet', 27, '2023-06-28 10:10', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpty1j8/', "Hodl her. She's a keeper.", '14ksj6y'], ['u/Boogyin1979', 23, '2023-06-28 11:33', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpu3zc2/', 'Go to bed, son.', '14ksj6y']]], ['u/ticklemypicklesir', 'Does any one else get worried when the price of Bitcoin rises?', 216, '2023-06-28 02:42', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/', 'I know the title seems weird as most people love when the price goes up since their investment is now worth more. But for me I get worried that I’m going to be priced out of ever being a whole coiner. I’m still in my early 20s and just started making decent money last year and have been DCAing all I can over the past year or so. The problem is the cost of living is so expensive that even with a decent income I don’t have a ton of money to throw into Bitcoin and I hate seeing the price rise as it makes it harder and harder to achieve becoming a whole coiner. Does anyone else feel this way when the price of Bitcoin rises?', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/', '14kuu2n', [['u/buybitcoinin2023', 13, '2023-06-28 02:56', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsq2u5/', "I'm furious because I took some profits so I can pay off my credit card balance and boom it goes up again today. It's ridiculous. Lost out on a 100 dollar gain. It takes me a whole day of work to make 100.", '14kuu2n'], ['u/Krapule10', 194, '2023-06-28 03:06', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsrg5o/', 'Yes cause i dont own enough', '14kuu2n'], ['u/konokonohamaru', 32, '2023-06-28 03:22', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsthqi/', "Don't worry about it. You paid off some credit card debt, that's a success. Just stay humble and stack sats", '14kuu2n'], ['u/AffectionateRadio886', 89, '2023-06-28 03:24', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsttx2/', 'Bitcoin will be an interesting psychological study in the future. A truly scarce and fixed asset is quite intriguing against the human mind and how people race to it. Idk much about the gold rush but seems like something similar could happen at some point in time', '14kuu2n'], ['u/Existing_Web_1300', 13, '2023-06-28 03:29', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsuhkb/', 'I’ve come to accept that I will probably not be a whole coiner. Unless I completely become a shut in and just focus my entire income to essentials and crypto. I’m a huge fan of the space but I’m not comfortable putting in 25-30k into just bitcoin and sacrificing my entire life to do so on top of that. I have a set amount I want to own before the next big run. Unless we have a massive drop off, owning a full coin just isn’t in the cards and I’m okay with that.', '14kuu2n'], ['u/rawrvitar', 29, '2023-06-28 03:35', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsv87m/', 'Stresses me out. And it always seems to pump just before payday too', '14kuu2n'], ['u/Super_Lawyer_2652', 15, '2023-06-28 03:49', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsww5w/', 'I personally don’t want it rise for another 5 years', '14kuu2n'], ['u/road22', 63, '2023-06-28 04:00', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsydjf/', 'I remember 2016, when BTC was $500/coin. The phrase "whole coiner" did not exist.\n\nSo in 2030, the new normal will be satoshi millionaire. .01 will be almost unattainable.', '14kuu2n'], ['u/NewHorizons6M', 34, '2023-06-28 04:14', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt05ch/', "I didn't know about Bitcoin until 2019. I bought BTC as low as $7k and as high as $50k. I missed the $3k prices in 2020. Overall, I'm up over 100%\n\nGet a piece of BTC now. Use that as your reference. 0.1 BTC will cost you about $3,000.", '14kuu2n'], ['u/NewHorizons6M', 11, '2023-06-28 04:19', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt0s9e/', 'Bottom line, you took profits. There will always be more opportunities.', '14kuu2n'], ['u/FoolishFox84', 20, '2023-06-28 04:21', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt0zqs/', 'Let’s say that by 2030, one bitcoin is $500,000. \n\n$5,000 will be unattainable?', '14kuu2n'], ['u/SecretPrimary7181', 16, '2023-06-28 04:28', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt1xar/', 'No. Because I remind myself thst bitcoin isn’t just to get rich but to keep my wealth no matter the price', '14kuu2n'], ['u/Bongressman', 85, '2023-06-28 04:30', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt25ab/', 'To most of the planet, $5,000 USD is already unattainable.', '14kuu2n'], ['u/pdath', 15, '2023-06-28 04:38', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt35sl/', 'I used to want to be a whole-coiner. Now my goal is to be a half-coiner.\n\nThe new "coiner" is the "half coiner".', '14kuu2n'], ['u/jrafelson', 60, '2023-06-28 05:16', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt7oq5/', 'You never own enough.', '14kuu2n'], ['u/Calm-Limit-37', 19, '2023-06-28 05:28', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt92wr/', 'There it is', '14kuu2n'], ['u/Some_Iteration', 16, '2023-06-28 05:32', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt9hl8/', 'Very possible, and it could happen within a much shorter time span in the gold rush did.', '14kuu2n'], ['u/ThyC0BRA', 35, '2023-06-28 05:40', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptadyf/', 'The folks that actually got rich during the gold rush sold shovels, picks, pans and lumber… infrastructure. ⚡️', '14kuu2n'], ['u/SnooRevelations3802', 13, '2023-06-28 06:21', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptets9/', 'As a current "quarter coiner" i like the idea of being a "half coiner "', '14kuu2n'], ['u/nifty_mick', 14, '2023-06-28 07:13', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptjvdt/', 'feel same way man. been thinking of just doing a "Bitcoin blitz" for 1 or 2 months. so that\'s me committing 80% of each paycheck and living below the poverty line being a hermit, staying inside each weekend', '14kuu2n'], ['u/NewHorizons6M', 15, '2023-06-28 08:40', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptracq/', 'Yes, I only accumulated. I trade the BTC proxies to increase my cash position.\n\nI will consider selling some BTC in 2025 and wait for the correction. Then I accumulate, while waiting for the 2028 halvening.\n\nHopefully, my strategy will work.', '14kuu2n'], ['u/Comfortable-Cow-1873', 19, '2023-06-28 08:49', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptryzp/', 'As a current person with no money, I enjoy the concept of having some.', '14kuu2n'], ['u/GiverTakerMaker', 13, '2023-06-28 08:55', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptsg1u/', "I'm sure the WEF will let you eat bugs nice and cheap.", '14kuu2n'], ['u/OppressorOppressed', 11, '2023-06-28 09:49', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptwhye/', '1 btc would be nice', '14kuu2n'], ['u/RequirementOpen6463', 11, '2023-06-28 10:11', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpty32e/', 'When you get to 1 BTC you’ll definitely still think it’s too little of it', '14kuu2n']]], ['u/No_Yam_4026', 'Is it illegal to receive Zelle payments from different inmates’ family members and convert it to bitcoin and send it to someone else’s bitcoin wallet address so they can receive payment?', 66, '2023-06-28 04:00', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/', 'My U.S. bank account recently got frozen due suspicious digital fraudulent activity. I believe that is the reason why. I receive money from different inmates family members thru zelle. In another account different bank where I had sufficient amount from the amounts i will receive. I later convert them into bitcoin and send to someone’s bitcoin wallet. So no transactions from the account I was receiving payments shows I converted or withdraw anything. Is it illegal to do this ? Should I tell my bank about it or would the close me down', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/', '14kwiey', [['u/SeriousMonkey2019', 45, '2023-06-28 04:08', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpszeu7/', 'Sounds like money laundering which is in fact illegal.', '14kwiey'], ['u/gentlecucumber', 21, '2023-06-28 04:08', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpszfng/', "Ask this in r/legaladvice, I'm also curious and that's where we'll get an answer", '14kwiey'], ['u/feshak20', 57, '2023-06-28 04:59', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt5myu/', "Not a lawyer, am a CPA, in your minimal fact pattern I don't think anything would be illegal. You can receive money, convert currency, and disburse money however you'd like. \n\nThat said, there's almost zero practical reason to do what you're doing, and especially when you involve crypto it feels like you're trying to hide something. It's very suspicious behavior and honestly I can't imagine a rational explanation that would satisfy your bank.", '14kwiey'], ['u/darral27', 240, '2023-06-28 05:12', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt76po/', 'This is not commissary payments. Inmates are being intimidated and their families are being extorted. You are playing the middleman between the families being extorted and the gang leader. Hopefully one or more of the families have reported this and they have traced the payments to you. Extortion and blackmail are absolutely illegal.', '14kwiey'], ['u/feshak20', 21, '2023-06-28 05:12', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt79ad/', "Sorry I don't think I understand what you're doing. Your original post and this comment sound different. Do you receive money into this account which you then convert to crypto?\n\nThey wouldn't have a way to know what you did with the crypto, but the pooling of random deposits and a transfer to a crypto wallet would look suspicious enough.", '14kwiey'], ['u/Inquisitive_Imp', 33, '2023-06-28 05:21', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt899f/', 'r/excon here, while not illegal, prisons do not allow prison money transfer, between inmates or back out into the world really for that matter. But if that money is tracked back to illegal activity, yeah, u are money laundering bro. Fuck, r/legaladvice. Get A Lawyer.', '14kwiey'], ['u/menewredditaccount', 14, '2023-06-28 05:29', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt96c6/', 'Took the meaning of prison wallet to a whole different dimension 🤯', '14kwiey'], ['u/spookyluke246', 75, '2023-06-28 05:29', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt97m1/', 'This is it right here. that commissary story is baloney.', '14kwiey'], ['u/Thesonomakid', 11, '2023-06-28 05:48', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptba72/', 'Ever heard of a [Money Mule?](https://www.fbi.gov/how-we-can-help-you/safety-resources/scams-and-safety/common-scams-and-crimes/money-mules)', '14kwiey'], ['u/Thesonomakid', 31, '2023-06-28 05:50', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptbj97/', 'Sounds like it could be a [money mule](https://www.fbi.gov/how-we-can-help-you/safety-resources/scams-and-safety/common-scams-and-crimes/money-mules) situation which prosecuted as money laundering.', '14kwiey'], ['u/Better_Than_Nothing', 20, '2023-06-28 06:44', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpth3ep/', 'Best case scenario: the feds have been building a case on you for months and will take mercy on your stupidity in exchange for cooperation.\n\nWorst case scenario: the people you owe that money to know where you live.', '14kwiey'], ['u/nebuchadnezzar72', 373, '2023-06-28 07:17', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptk94d/', 'Friend, this sub is not for getting legal advice, it’s about hiding things in your asshole.', '14kwiey'], ['u/highzunburg', 74, '2023-06-28 07:42', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptmh8u/', 'Finally someone said it.', '14kwiey'], ['u/phillyFart', 26, '2023-06-28 08:06', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptoh2z/', 'Individual intentionally keeps 2 separate banks accounts. Receives deposits from convicts in account 1. Uses funds in account 2 to convert the convict deposits into crypto to send to a third party.\n\nPretty clear', '14kwiey'], ['u/Walleky', 51, '2023-06-28 11:19', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpu2yny/', "This guy is totally doing something illigal. Like he's deliberately being sketchy and avoiding details in his replies. Have fun with more prison.", '14kwiey'], ['u/1Litwiller', 36, '2023-06-28 12:25', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpu7zao/', 'If they are lucky they are laundering money from intimidation and blackmail. Potentially, they are laundering money from drug sales and will be charged with the other participants when the investigation completes.', '14kwiey'], ['u/bennytehcat', 11, '2023-06-28 14:18', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpuixzc/', "An investigator doesn't care if you have 1 account or 100. They're all trackable. Just because you used two accounts doesn't make it sneaky when they have the logs for everything through subpoena.\n\nAgain, this is for hiding things in your asshole. Go ask in legal advice or ELI5, because you're falling to grasp this.", '14kwiey'], ['u/phillyFart', 12, '2023-06-28 23:29', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpwu379/', 'Yes, however most people aren’t receiving odd deposits from individuals who are associated with felons and also converting similar amounts and sending to an oddly unnamed third party via crypto', '14kwiey']]], ['u/TheteslaFanva', '2x Bitcoin etf BITX just dropped', 19, '2023-06-28 04:51', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/', 'Which one of you is crazy enough to get in on this action alongside UPRO/TMF etc?? \nVolatility 100% + i think. A wild ride for sure. Personally if we ever get a GDE / NTSX type of crypto + traditional return stacked product, would be much more appealing.', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/', '14kxmps', [['u/Redditridder', 15, '2023-06-28 06:09', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/jptdmj7/', 'Bitcoin volatility will kill it. You will probably get much better returns with Bitcoin miners (MARA RIOT) or Microstrategy (MSTR) during the next bull run.', '14kxmps'], ['u/cmon_do_it', 13, '2023-06-28 06:30', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/jptfrkz/', "They allow this but won't allow new 3x ETFs, ffs.", '14kxmps']]], ['u/WooDance8799', 'The reason Bitcoin Cash (BCH) is up more than 100%', 28, '2023-06-28 05:44', 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/', "Bitcoin Cash's dizzying rise began on June 21, exactly when EDX Markets (EDXM), a Wall Street-backed cryptocurrency exchange, went live.\n\nAccording to crypto market intelligence platform Santiment, BCH is the biggest beneficiary of listing on EDXM compared to other coins of the platform, including BTC, Ether (ETH) and Litecoin (LTC). . “Notably, BCH saw its highest rate of social discussion in 3 years and volume easily surpassed the 2023 high,” Santiment tweeted on Friday.\n\n*LEGAL STATUS OF BITCOIN CASH\n\nThe approval of Bitcoin Cash by an exchange backed by Wall Street players can be seen as tacit approval of the coin's safe regulatory status relative to other altcoins.\n\nSEC Chairman Gary Gensler explained that he considers Bitcoin a unique commodity because of its “unique creation story and history.” Bitcoin Cash is a fork of Bitcoin so BCH is considered by the SEC as a commodity for exchange\n\nWhat is everyone's plan with BCH? Sell \u200b\u200bor buy more? Currently in my portfolio 40% is BCH and 60% is RBIF. If BCH drops in price, I will buy more \n ", 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/', '14kypij', [['u/hero462', 18, '2023-06-28 07:08', 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/jptjend/', 'BCH can be both. There really is nothing special about BTC if BCH gains traction and eventually flips it.', '14kypij'], ['u/hero462', 16, '2023-06-28 07:10', 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/jptjkrx/', "Spend and replace and accumulate more. It's still a great deal.", '14kypij']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, June 28, 2023', 33, '2023-06-28 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/', '14kz0w7', [['u/hajoeojah', 17, '2023-06-28 09:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptucwo/', 'What happens if everything happens as it always happened:\n\nhttps://www.tradingview.com/x/L5Kvz0Eo', '14kz0w7'], ['u/hajoeojah', 12, '2023-06-28 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptwkmj/', 'That‘s the reason that there has to be a powerful disbelief phase.', '14kz0w7'], ['u/ThorsBodyDouble', 14, '2023-06-28 10:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptys5u/', 'Ha! I remember seeing charts like that during the last run. "Oh yes, look at the charts, we\'re going to 100k, don\'t sell! Yeah, buy this dip, and that dip, and that dip, we\'re going to the moon! 🚀" 🙄', '14kz0w7'], ['u/NLNico', 10, '2023-06-28 10:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptysc4/', "Some short-term scenarios based on what I am [looking at](https://s3.tradingview.com/snapshots/o/osPSpCnx.png):\n\n- We could actually bounce here as it's around golden pocket of the initial 30k > 31.4k fibs. But I don't think the momentum is there.\n- Bounce around 29.8k, I got some short close orders there. As we tested 29.9k twice now, likely to have some long stops there. But could dip further.\n- 29.5k previous local bottom, maybe little sweep to 29.4k (but shouldn't close below there.) I will close all of short there. Might long if on shorter timeframe bull div or something appears.\n\nSo far, it went as I anticipated [last Friday](https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp6zexc/) (before the higher high), just don't hope we actually go back to 28k though.. would be too much crab.", '14kz0w7'], ['u/Yodel_And_Hodl_Mode', 30, '2023-06-28 12:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpu7y3t/', 'He\'s not a serious presidential candidate. I doubt he could even get 2% of the vote.\n\nIt\'s good that he is a supporter of Bitcoin, but he\'s still a clown. If his last name wasn\'t Kennedy, no one would even know who he is.\n\n"Presidential Candidate" means nothing. Joe Exotic was a Presidential Candidate.', '14kz0w7'], ['u/bittabet', 11, '2023-06-28 13:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpuc9ng/', "His polling suggests that he'd get a lot more than 2%. But his absolutely horrible takes on interpreting scientific data make it really hard to promote this guy. I tried to look into his claims and he makes a lot of claims about having all this evidence but the stuff he claims to be evidence is nonsensical. Most voters wouldn't know that though so I don't think that necessarily dooms him politically.\n\nI hope we end up with more pro-Bitcoin candidates to choose from over time", '14kz0w7'], ['u/ImpudicusFungus', 16, '2023-06-28 14:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpui4l2/', '[So now we know where the last pump came from... ](https://twitter.com/saylor/status/1674025857063571456)', '14kz0w7'], ['u/xixi2', 15, '2023-06-28 14:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpuk1f6/', "A president's stance on vaccines doesn't matter to me as long as he's not threatening everyone's jobs over them", '14kz0w7'], ['u/snek-jazz', 12, '2023-06-28 15:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpupuy4/', 'not surprising, love to see them continuing to lower their average price.', '14kz0w7'], ['u/Cadenca', 14, '2023-06-28 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpuqhvw/', 'How did Saylor finance his latest purchase? Stock dilution?', '14kz0w7'], ['u/BootyPoppinPanda', 28, '2023-06-28 16:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpv1ulz/', 'Satoshi and Wardser', '14kz0w7'], ['u/jpdoctor', 21, '2023-06-28 16:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpv353j/', 'Yes, dilution:\n\n>The company, seen by some equity investors as a proxy for the token, has funded its Bitcoin purchases in part by selling shares. As of June 27, 2023, MicroStrategy had issued and sold shares that resulted in net proceeds of approximately $333.7 million. In May, the company said it may issue and sell shares of its class A common stock, having an aggregate offering price of up to $625.0 million, according to the filing.\n\nFrom [here](https://finance.yahoo.com/news/microstrategy-saylor-makes-largest-bitcoin-141901713.html).', '14kz0w7'], ['u/imissusenet', 15, '2023-06-28 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpv8jsz/', '>Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray\'s case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper\'s full of them. \n> \n>In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know. \n> \n>\\- Michael Crichton', '14kz0w7'], ['u/jpdoctor', 15, '2023-06-28 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpvdmfg/', ">I can´t help myself but Saylor is FOMOer. Where has he been at $17-18k?\n\nI think you have that exactly backwards: Saylor is not using his own money, so he's taking advantage of market FOMO to exchange fiat (in the form of stock or convertible debt) for bitcoin.\n\nI envy the guy. It's like having a FICO score in the millions.", '14kz0w7'], ['u/Essexal', 13, '2023-06-28 18:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpvhaev/', 'The Winklevii had about the same back in the day. They may have added or sold since.', '14kz0w7'], ['u/NLNico', 10, '2023-06-28 18:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpvik51/', 'Based on https://bitcointreasuries.net and https://bitcointreasuries.org supposedly Block.one that invested it in "Bullish Global"? IDK, seems weird, pretty sure MSTR is the biggest, yes. Not counting GBTC\'s 626k coins either.', '14kz0w7'], ['u/BootyPoppinPanda', 11, '2023-06-28 23:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpwqu8p/', "Bitcoin having a red day, but most of the alts are having a terrible day. Bitcoin dominance keeps climbing, but still lower than it was at the same point of last cycle. I know it's a pretty flawed metric, and I don't look at it too often, but just looking at the chart, we could run from 52% today to the 70% range. If it did get to that ratio again, I do wonder what the BTC price would be at that point. Crazy BTC run leaving alts in the dust, or BTC holding ground while alts get absolutely pummeled to oblivion?", '14kz0w7'], ['u/Thundercatz69', 10, '2023-06-28 23:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpwvbnw/', '$4.5 billion notional value for strike price of $26k expiring Friday', '14kz0w7']]], ['u/rBitcoinMod', 'Daily Discussion, June 28, 2023', 35, '2023-06-28 08:09', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14k5775/daily_discussion_june_27_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/', '14l1f2y', [['u/tallreagan', 19, '2023-06-28 09:14', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpttwe0/', "All this talk about 'missing the boat'. If you bought Bitcoin and learn about it, your are on the boat. The boat is very long. Also, it's not a boat but an ark. The whole world will flood and you better be on the Ark when it does.", '14l1f2y'], ['u/Prosperity_01', 11, '2023-06-28 11:20', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpu3178/', 'Oh how we laughed at our university lecturer for holding half a coin for his retirement. I’m so sorry Mr Paul, you were right!', '14l1f2y'], ['u/cubeeless', 13, '2023-06-28 13:51', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpufxkq/', 'BTC to $300k!', '14l1f2y'], ['u/whiskeyH0tel', 10, '2023-06-28 16:16', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpuy6qu/', 'Staying flat while minting 900 new bitcoins a day is already winning', '14l1f2y']]], ['u/ThePafdy', 'The Lighning Network Argument', 20, '2023-06-28 09:01', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/', 'First of all, I am an outspoken Bitcoin critic for a lot of reasons. \nI recently had an argument about Bitcoin with a Bitcoin Bro over on their sub, and we talked about how abysmal actual L1 Bitcoin transactions are in terms of convenience and scalability. Predictably he brought up the age old excuse of the Lightning Network fixing this.\n\nIn my opinion the LN works perfectly fine, and is a solution to this particular problem of BTC, but it fundamentally undermines the whole idea of a decentralized and trustless currency. \n\nHaving your transactions managed by a 3rd party, off chain is no different from using a bank or company to do this, like PayPal, Visa or any other like them. You need to trust them to do what you want them to do and they are a centralized entity having control over moneyflow.\n\nMy question now, the one where the Bitcoin Bro started to insult me and at some point didn‘t answer at all anymore:\nIs there a mechanism that ensures the user that „the LN“ (or anybody having dev access to it) doesn‘t steal the senders money when doing a transaction, by performing a man in the middle attack on itself for example?', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/', '14l2bog', [['u/Potential-Coat-7233', 55, '2023-06-28 09:22', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/jptuhng/', 'Firstly:\n\n> In my opinion the LN works perfectly fine, and is a solution to this particular problem of BTC\n\nThis is incorrect. The layer 1 STILL is a choke point because mathematically you can only have 221 million transactions per year on layer 1. For lightning to work, it needs 1 transaction to open a channel (and 1 to close it, if the bro even cares about settlement).\n\nSo if layer 1 worked at peak performance for an entire year and every single transaction was devoted only to the lightning network, only 221 million lightning channels could be opened. You also need a layer 1 transaction to add funds to lightning. And again, you need a transaction to close a lightning channel.\n\nYou could see a situation where people have lightning channels open for a year or more, because closing it would take potentially months unless you want to pay hundreds of dollars (this scenario won’t happen because hyperbitcoinization won’t happen…but it would be the state of affairs if it did happen).\n\nNow, having said all that, your question about 3rd party behavior is totally on point. LN introduces trust, trust of the other party not to close a channel with you early and broadcast a false escrow amount. Because crypto is hilarious, they came up with a solution which sounds straight out of jehoviahs witness lore: “the watchtower”. This essentially gives you 2 weeks to dispute the channel closing.\n\nThere’s also permission, because node operators can ban people from their node (bad actors).\n\nThe whole thing is really, really funny. And we should at some level appreciate these dorks for their imagination and moxie.', '14l2bog'], ['u/Bullywug', 17, '2023-06-28 09:33', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/jptvaib/', "Lightning Network has proposed the most difficult routing problem in history: how do you route over an untrusted network when each node is given an incentive to lie?\n\nThey hand wave this problem away as trivial, but until it's done, it requires the user to choose a path for their transaction by knowing the state of the network. ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin dips regains $30K after dipping Wednesday afternoon.\nInsights:Seoul\'s grassroots embrace of crypto and a favorable regulatory environment have helped the city become one of the world\'s leading blockchain hubs.\nCoinDesk Market Index (CMI)\n1,215\n−26.9▼2.2%\nBitcoin (BTC)\n$30,103\n−424.4▼1.4%\nEthereum (ETH)\n$1,830\n−45.4▼2.4%\nS&P 500\n4,376.86\n−1.6▼0.0%\nGold\n$1,916\n+2.4▲0.1%\nNikkei 225\n33,193.99\n+655.7▲2.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,215", "\\u221226.9\\u25bc2.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,103", "\\u2212424.4\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,830", "\\u221245.4\\u25bc2.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,376.86", "\\u22121.6\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,916", "+2.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,193.99", "+655.7\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Rebounds as Investors Remain Upbeat\nBitcoin took a brief turn to the bad, old days below $30,000 early afternoon Wednesday (ET) before righting itself to return to its loftier perch.\nThe largest cryptocurrency was recently trading at about $30,100, down 2.2% over the past 24 hours. After rising to its highest level in a year last week – over $31,300 – following spot bitcoin ETF filings by BlackRock and two other large financial services firms, bitcoin has flattened as investors considered the potential timing of an SEC decision of the ETF applications and continued, inflationary pressure that has weighed on asset markets.\nStill, Mark Connors, head of research for Canadian digital asset manager 3iQ, wrote in a message to CoinDesk that bitcoin has risen 11% for the month, breaking from its more sluggish performance of the last two months amid the more upbeat news.\n"June has been the biggest month since November for digital assets as it relates to news flow," Connors wrote. "Not unusual to see the market take a breather."\nBitcoin Dominance\nConnors also noted that bitcoin dominance has increased to a 26-month high. "It has only grown during this recent market pullback as it outpaces ETH and other Alt coins," he wrote, attributing the drop to more technical factors than a specific cause.\nRead More:Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High\nBitcoin sentiment has turned bullish over the past week with the CoinDesk Bitcoin Indicator climbing into "significant upturn" territory after languishing in downturn areas for weeks. Earlier this week, European digital asset managerCoinShares reportedthe largest single weekly inflows in a year - mostly dominated by bitcoin-related products - afternine consecutive weeksof outflows\n"Look at Coinbase, up today and up 21% over the past 5 days," Connors wrote. "If there were structural reasons for this move lower, COIN would have been hit as well."\nCoinbase closed up more than 1% on Wednesday.\nInvestors will be eyeing bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel a price increase, or send it spiraling in the immediate aftermath.\nEther was changing hands at $1,830, off 2.4% from Tuesday, same time. Other major cryptos were largely in the red with ADA and MATIC, the tokens of smart contracts platforms Cardano and Polygon each recently tumbling more than 6%. TheCoinDesk Market Index, a measure of cypto markets performance, was recently down 2.3%.\nThe tech-heavy Nasdaq Composite continued its recent rally, inching up 0.2%, fueled partly by a record jump in tech device manufacturer Apple\'s share price to nearly $190 and more than 2% increase of Tesla a few days before the electric car maker announces Q2 vehicle deliveries. The S&P 500 was roughly flat and the Dow Jones Industrial Average (DJIA) edged down. The yield on U.S. 10-year Treasurys and safe haven asset gold ticked down.\nBinance, Coinbase Suits "Not Forgotten"\nIn an email, Craig Erlam, senior market analyst for foreign exchange market maker Oanda, struck a wary note about cryptos\' path forward.\n"The SEC lawsuits against Binance and Coinbase have not been forgotten, but they\'ve certainly drifted into the background and been overtaken by far more promising news flow," Erlam wrote. "It would appear the cryptocurrency has good momentum once more and the community may well be wondering if this could be the kind of development that sees enthusiasm for cryptos surge again."\nHe added: "It\'s obviously been a fantastic year for bitcoin so far" but a spring sell-off "was another reminder that it doesn\'t come without major setbacks."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.9%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.3%", "DACS Sector": "Entertainment"}]\nSeoul: Asia’s Retail Crypto Capital Moves on After Do Kwon\nThe capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index. But as the most populous hub in our final 15, it was hurt by a low opportunities score, which is a measurement of per-capita crypto jobs, companies and events. The sparse postings could be due to a cultural or language barrier, however, as we measured activity on Linkedin, Eventbrite andMeetup.com.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nEarlier this year XRP was soaring, and at first it wasn’t entirely clear why. It later became evident that this was just another example of howKorean retail investorshave the power to move global markets. At the time UpBit, Korea’s biggest exchange, led global XRP trading volumes with more than $790 million in tokens traded over 24 hours, overtaking volumes on Binance, the largest exchange in the world.\nThis is just one instance. Korean retail traders are known forpushing upother coins as well – and no, that’s not just smaller altcoins. The Korean won is consistently in the top three national currencies traded against Bitcoin, according toCoinhills.More generally, awareness of and interest in crypto is relatively high. Korea’s Financial Intelligence Unit (FIU)reportedin September that there were nearly seven million registered crypto users in Korea. That’s roughly 14% of the total population.\nIt’s not surprising that such a powerful retail market would help vault Seoul onto a list of global crypto hubs. But Seoul is appealing in plenty of other ways: It’s a fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region. It’s no secret that Asia’s prominence in crypto is on the rise, especially after regulatory crackdowns in the United States.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nMembers of South Korea’s crypto community explained Seoul’s appeal in a few ways. One was an openness to experimentation. Another was Korea’s prowess in gaming. A third was simply its community of “builders.”\n- Emily Parker\nRead the full storyhere:\nBlockchance 23(Hamburg, Germany)\n2:30 p.m. HKT/SGT(6:30 a.m. UTC):Fed Chair Jerome Powell speech\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Consumer Confidence\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Maintains $30K; Hut 8 CEO Addresses State of Crypto Mining Industry\nThe market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk\'s Crypto Hub 2023 rankings.\nCoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance:Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.\nBitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High:Bitcoin\'s market cap composes 52% of the total crypto market, its highest level since April 2021.\nEx-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers:FTX\'s lawyers allege Daniel Friedberg allowed its executives\' criminal activities to fly under the radar for years.\nMastercard is Piloting Tokenized Bank Deposits in New UK Testbed:The company is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.\nEthereum’s Layer 2 Teams Want You to Clone Their Code:By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin dips regains $30K after dipping Wednesday afternoon.\nInsights:Seoul\'s grassroots embrace of crypto and a favorable regulatory environment have helped the city become one of the world\'s leading blockchain hubs.\nCoinDesk Market Index (CMI)\n1,215\n−26.9▼2.2%\nBitcoin (BTC)\n$30,103\n−424.4▼1.4%\nEthereum (ETH)\n$1,830\n−45.4▼2.4%\nS&P 500\n4,376.86\n−1.6▼0.0%\nGold\n$1,916\n+2.4▲0.1%\nNikkei 225\n33,193.99\n+655.7▲2.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,215", "\\u221226.9\\u25bc2.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,103", "\\u2212424.4\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,830", "\\u221245.4\\u25bc2.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,376.86", "\\u22121.6\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,916", "+2.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,193.99", "+655.7\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Rebounds as Investors Remain Upbeat\nBitcoin took a brief turn to the bad, old days below $30,000 early afternoon Wednesday (ET) before righting itself to return to its loftier perch.\nThe largest cryptocurrency was recently trading at about $30,100, down 2.2% over the past 24 hours. After rising to its highest level in a year last week – over $31,300 – following spot bitcoin ETF filings by BlackRock and two other large financial services firms, bitcoin has flattened as investors considered the potential timing of an SEC decision of the ETF applications and continued, inflationary pressure that has weighed on asset markets.\nStill, Mark Connors, head of research for Canadian digital asset manager 3iQ, wrote in a message to CoinDesk that bitcoin has risen 11% for the month, breaking from its more sluggish performance of the last two months amid the more upbeat news.\n"June has been the biggest month since November for digital assets as it relates to news flow," Connors wrote. "Not unusual to see the market take a breather."\nBitcoin Dominance\nConnors also noted that bitcoin dominance has increased to a 26-month high. "It has only grown during this recent market pullback as it outpaces ETH and other Alt coins," he wrote, attributing the drop to more technical factors than a specific cause.\nRead More:Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High\nBitcoin sentiment has turned bullish over the past week with the CoinDesk Bitcoin Indicator climbing into "significant upturn" territory after languishing in downturn areas for weeks. Earlier this week, European digital asset managerCoinShares reportedthe largest single weekly inflows in a year - mostly dominated by bitcoin-related products - afternine consecutive weeksof outflows\n"Look at Coinbase, up today and up 21% over the past 5 days," Connors wrote. "If there were structural reasons for this move lower, COIN would have been hit as well."\nCoinbase closed up more than 1% on Wednesday.\nInvestors will be eyeing bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel a price increase, or send it spiraling in the immediate aftermath.\nEther was changing hands at $1,830, off 2.4% from Tuesday, same time. Other major cryptos were largely in the red with ADA and MATIC, the tokens of smart contracts platforms Cardano and Polygon each recently tumbling more than 6%. TheCoinDesk Market Index, a measure of cypto markets performance, was recently down 2.3%.\nThe tech-heavy Nasdaq Composite continued its recent rally, inching up 0.2%, fueled partly by a record jump in tech device manufacturer Apple\'s share price to nearly $190 and more than 2% increase of Tesla a few days before the electric car maker announces Q2 vehicle deliveries. The S&P 500 was roughly flat and the Dow Jones Industrial Average (DJIA) edged down. The yield on U.S. 10-year Treasurys and safe haven asset gold ticked down.\nBinance, Coinbase Suits "Not Forgotten"\nIn an email, Craig Erlam, senior market analyst for foreign exchange market maker Oanda, struck a wary note about cryptos\' path forward.\n"The SEC lawsuits against Binance and Coinbase have not been forgotten, but they\'ve certainly drifted into the background and been overtaken by far more promising news flow," Erlam wrote. "It would appear the cryptocurrency has good momentum once more and the community may well be wondering if this could be the kind of development that sees enthusiasm for cryptos surge again."\nHe added: "It\'s obviously been a fantastic year for bitcoin so far" but a spring sell-off "was another reminder that it doesn\'t come without major setbacks."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.9%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.3%", "DACS Sector": "Entertainment"}]\nSeoul: Asia’s Retail Crypto Capital Moves on After Do Kwon\nThe capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index. But as the most populous hub in our final 15, it was hurt by a low opportunities score, which is a measurement of per-capita crypto jobs, companies and events. The sparse postings could be due to a cultural or language barrier, however, as we measured activity on Linkedin, Eventbrite andMeetup.com.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nEarlier this year XRP was soaring, and at first it wasn’t entirely clear why. It later became evident that this was just another example of howKorean retail investorshave the power to move global markets. At the time UpBit, Korea’s biggest exchange, led global XRP trading volumes with more than $790 million in tokens traded over 24 hours, overtaking volumes on Binance, the largest exchange in the world.\nThis is just one instance. Korean retail traders are known forpushing upother coins as well – and no, that’s not just smaller altcoins. The Korean won is consistently in the top three national currencies traded against Bitcoin, according toCoinhills.More generally, awareness of and interest in crypto is relatively high. Korea’s Financial Intelligence Unit (FIU)reportedin September that there were nearly seven million registered crypto users in Korea. That’s roughly 14% of the total population.\nIt’s not surprising that such a powerful retail market would help vault Seoul onto a list of global crypto hubs. But Seoul is appealing in plenty of other ways: It’s a fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region. It’s no secret that Asia’s prominence in crypto is on the rise, especially after regulatory crackdowns in the United States.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nMembers of South Korea’s crypto community explained Seoul’s appeal in a few ways. One was an openness to experimentation. Another was Korea’s prowess in gaming. A third was simply its community of “builders.”\n- Emily Parker\nRead the full storyhere:\nBlockchance 23(Hamburg, Germany)\n2:30 p.m. HKT/SGT(6:30 a.m. UTC):Fed Chair Jerome Powell speech\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Consumer Confidence\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Maintains $30K; Hut 8 CEO Addresses State of Crypto Mining Industry\nThe market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk\'s Crypto Hub 2023 rankings.\nCoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance:Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.\nBitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High:Bitcoin\'s market cap composes 52% of the total crypto market, its highest level since April 2021.\nEx-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers:FTX\'s lawyers allege Daniel Friedberg allowed its executives\' criminal activities to fly under the radar for years.\nMastercard is Piloting Tokenized Bank Deposits in New UK Testbed:The company is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.\nEthereum’s Layer 2 Teams Want You to Clone Their Code:By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.', 'Good morning. Here’s what’s happening: Prices: Bitcoin dips regains $30K after dipping Wednesday afternoon. Insights: Seoul\'s grassroots embrace of crypto and a favorable regulatory environment have helped the city become one of the world\'s leading blockchain hubs. Prices CoinDesk Market Index (CMI) 1,215 −26.9 ▼ 2.2% Bitcoin (BTC) $30,103 −424.4 ▼ 1.4% Ethereum (ETH) $1,830 −45.4 ▼ 2.4% S&P 500 4,376.86 −1.6 ▼ 0.0% Gold $1,916 +2.4 ▲ 0.1% Nikkei 225 33,193.99 +655.7 ▲ 2.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,215 −26.9 ▼ 2.2% Bitcoin (BTC) $30,103 −424.4 ▼ 1.4% Ethereum (ETH) $1,830 −45.4 ▼ 2.4% S&P 500 4,376.86 −1.6 ▼ 0.0% Gold $1,916 +2.4 ▲ 0.1% Nikkei 225 33,193.99 +655.7 ▲ 2.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Rebounds as Investors Remain Upbeat Bitcoin took a brief turn to the bad, old days below $30,000 early afternoon Wednesday (ET) before righting itself to return to its loftier perch. The largest cryptocurrency was recently trading at about $30,100, down 2.2% over the past 24 hours. After rising to its highest level in a year last week – over $31,300 – following spot bitcoin ETF filings by BlackRock and two other large financial services firms, bitcoin has flattened as investors considered the potential timing of an SEC decision of the ETF applications and continued, inflationary pressure that has weighed on asset markets. Still, Mark Connors, head of research for Canadian digital asset manager 3iQ, wrote in a message to CoinDesk that bitcoin has risen 11% for the month, breaking from its more sluggish performance of the last two months amid the more upbeat news. "June has been the biggest month since November for digital assets as it relates to news flow," Connors wrote. "Not unusual to see the market take a breather." Bitcoin Dominance Connors also noted that bitcoin dominance has increased to a 26-month high. "It has only grown during this recent market pullback as it outpaces ETH and other Alt coins," he wrote, attributing the drop to more technical factors than a specific cause. Story continues Read More: Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High Bitcoin sentiment has turned bullish over the past week with the CoinDesk Bitcoin Indicator climbing into "significant upturn" territory after languishing in downturn areas for weeks. Earlier this week, European digital asset manager CoinShares reported the largest single weekly inflows in a year - mostly dominated by bitcoin-related products - after nine consecutive weeks of outflows "Look at Coinbase, up today and up 21% over the past 5 days," Connors wrote. "If there were structural reasons for this move lower, COIN would have been hit as well." Coinbase closed up more than 1% on Wednesday. Investors will be eyeing bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel a price increase, or send it spiraling in the immediate aftermath. Ether was changing hands at $1,830, off 2.4% from Tuesday, same time. Other major cryptos were largely in the red with ADA and MATIC, the tokens of smart contracts platforms Cardano and Polygon each recently tumbling more than 6%. The CoinDesk Market Index , a measure of cypto markets performance, was recently down 2.3%. The tech-heavy Nasdaq Composite continued its recent rally, inching up 0.2%, fueled partly by a record jump in tech device manufacturer Apple\'s share price to nearly $190 and more than 2% increase of Tesla a few days before the electric car maker announces Q2 vehicle deliveries. The S&P 500 was roughly flat and the Dow Jones Industrial Average (DJIA) edged down. The yield on U.S. 10-year Treasurys and safe haven asset gold ticked down. Binance, Coinbase Suits "Not Forgotten" In an email, Craig Erlam, senior market analyst for foreign exchange market maker Oanda, struck a wary note about cryptos\' path forward. "The SEC lawsuits against Binance and Coinbase have not been forgotten, but they\'ve certainly drifted into the background and been overtaken by far more promising news flow," Erlam wrote. "It would appear the cryptocurrency has good momentum once more and the community may well be wondering if this could be the kind of development that sees enthusiasm for cryptos surge again." He added: "It\'s obviously been a fantastic year for bitcoin so far" but a spring sell-off "was another reminder that it doesn\'t come without major setbacks." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −7.9% Entertainment Terra LUNA −7.5% Smart Contract Platform Decentraland MANA −6.3% Entertainment Insights Seoul: Asia’s Retail Crypto Capital Moves on After Do Kwon The capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index. But as the most populous hub in our final 15, it was hurt by a low opportunities score, which is a measurement of per-capita crypto jobs, companies and events. The sparse postings could be due to a cultural or language barrier, however, as we measured activity on Linkedin, Eventbrite and Meetup.com . For more on the criteria and how we weighted them, see: How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology. (Ian Suarez/CoinDesk) Earlier this year XRP was soaring, and at first it wasn’t entirely clear why. It later became evident that this was just another example of how Korean retail investors have the power to move global markets. At the time UpBit, Korea’s biggest exchange, led global XRP trading volumes with more than $790 million in tokens traded over 24 hours, overtaking volumes on Binance, the largest exchange in the world. This is just one instance. Korean retail traders are known for pushing up other coins as well – and no, that’s not just smaller altcoins. The Korean won is consistently in the top three national currencies traded against Bitcoin, according to Coinhills. More generally, awareness of and interest in crypto is relatively high. Korea’s Financial Intelligence Unit (FIU) reported in September that there were nearly seven million registered crypto users in Korea. That’s roughly 14% of the total population. It’s not surprising that such a powerful retail market would help vault Seoul onto a list of global crypto hubs. But Seoul is appealing in plenty of other ways: It’s a fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region. It’s no secret that Asia’s prominence in crypto is on the rise, especially after regulatory crackdowns in the United States. Read Crypto Hubs 2023: Where to Live Freely and Work Smart Members of South Korea’s crypto community explained Seoul’s appeal in a few ways. One was an openness to experimentation. Another was Korea’s prowess in gaming. A third was simply its community of “builders.” - Emily Parker Read the full story here : Important events. Blockchance 23 (Hamburg, Germany) 2:30 p.m. HKT/SGT(6:30 a.m. UTC): Fed Chair Jerome Powell speech 1 p.m. HKT/SGT(5 a.m. UTC): Japan Consumer Confidence CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Maintains $30K; Hut 8 CEO Addresses State of Crypto Mining Industry The market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk\'s Crypto Hub 2023 rankings. Headlines CoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance: Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance. Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High: Bitcoin\'s market cap composes 52% of the total crypto market, its highest level since April 2021. Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers: FTX\'s lawyers allege Daniel Friedberg allowed its executives\' criminal activities to fly under the radar for years. Mastercard is Piloting Tokenized Bank Deposits in New UK Testbed: The company is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs. Ethereum’s Layer 2 Teams Want You to Clone Their Code: By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.', "Bitcoin fell but stayed above the US$30,000 threshold on Thursday morning in Asia. All top 10 non-stablecoin cryptocurrencies traded lower after MicroStrategy, the world\x92s largest corporate Bitcoin holder, said Wednesday it has acquired 12,333 Bitcoin for $347 million over the past two months. Additionally, traditional financial institutions continue to show interest in venturing into the U.S. digital asset industry, with ARK Invest amending its spot Bitcoin exchange-traded fund (ETF) application to enhance the chance for regulatory approval. Bitcoin, altcoins lose ground Bitcoin dropped 1.57% to US$30,103 over the last 24 hours to 7:00 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization is down 0.12% over the past seven days. Ether fell 3.12% to US$1,827 for a loss of 3.51% for the week. All other top 10 non-stablecoin cryptocurrencies traded lower. Cardano was the biggest loser among the top 10, logging a 6.49% 24-hour fall and a 6.65% weekly loss. On Wednesday, business analytics firm MicroStrategy said in an exchange filing that between April 29 and June 27, the company and its subsidiaries together acquired roughly 12,333 Bitcoin for US$347 million in cash at an average price of US$28,136 per Bitcoin. That purchase took its total Bitcoin holdings to 152,333 Bitcoin as of Tuesday, the company said. Meanwhile, on Wednesday, investment management fund ARK Invest filed an amendment to its April application for a spot Bitcoin ETF. The application \x97 which would see the firm partner with crypto exchange-traded product provider 21Shares \x97 now includes a proposed surveillance-sharing agreement . As seen in the ETF application made by investment firm BlackRock earlier this month, an agreement of that kind is seen as a way to prevent market manipulation , increasing the application\x92s chances of success. If approved, it would become the first such ETF in the U.S. market. 21Shares said Wednesday that the recent wave of spot Bitcoin ETF applications is \x93validating\x94 for investors in the asset class. \x93Bitcoin has proven its value as an investable asset and disruptive technology, amidst the current markets and regulatory headwinds,\x94 Hany Rashwan, co-founder and chief executive officer of 21Shares, said in the statement. The total cryptocurrency market cap dropped 2.26% to US$1.16 trillion, with trading volume dropping 3.77% to US$34.12 billion, according to CoinMarketCap data. Azuki floor price plummets The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.79% to 2,852.82 in the 24 hours to 9:20 a.m. in Hong Kong. The index is down 1.79% for the week. Story continues NFT trading volume on Ethereum dropped 56.24% to US$27.39 million over the past 24 hours, while volume on the Bitcoin network rose 105.26% to US$2.83 million, according to CryptoSlam data . Azuki-related NFT collections topped the chart in CryptoSlam\x92s sales volume ranking. The new Azuki Elementals collection logged a 34.02% increase in the past 24 hours to US$6.04 million in sales volume. Sales of the original Azuki dropped 24.16% to US$4.59 million, and the Azuki Elemental Beans sales dropped 91.21% to US$2.96 million. While the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were \x93angry\x94 as the new NFTs looked almost identical to the original Azuki collection. According to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News, that could potentially devalue the NFT industry as a whole. \x93Lenders are taking a hit on Azuki NFTs as the prices have fallen, borrowers default on loan, and then new owner immediately sells to recover what they can before the price falls even further,\x94 Petscher said. \x93It\x92s a vicious cycle that has yet to find the bottom.\x94 The floor price of Azuki Elementals dropped to 1.38 Ether (US$2,530) on Thursday morning in Asia from its mint price of 2 Ether, according to data from NFT tracker NFTpricefloor.com. The original Azuki NFT\x92s floor price fell to 8.85 Ether from over 17 Ether a week ago. Criticism from the Azuki community led its development team to admit mistakes had been made in the design of the Elementals collection. Azuki, It's always both challenging & exciting opening up the gate to the Garden. This time, we missed the mark. We hear you \x96 the mint process was hectic, the PFPs feel similar and, even worse, dilutive to Azuki. \x97 Azuki (@Azuki) June 28, 2023 The Azuki project then teased what appears to be a \x93green beans\x94 new collection, which NFT enthusiasts \x93speculate may evolve the initial Azuki 10,000 collection into a different looking new collection,\x94 Petscher added. Powell signals more restrictions coming U.S. Fed Chair Jerome Powell spoke Wednesday at a European Central Bank forum in Portugal. Image: ECB Asia equity markets mostly edged higher on Thursday morning as investors weighed the risk outlook for potential interest rate hikes in the U.S. this year. U.S. stock futures rose as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.13%, S&P 500 futures climbed 0.13%, and Nasdaq Futures added 0.19%. U.S. Federal Reserve Chairman Jerome Powell said Wednesday at a European Central Bank forum in Portugal that there will be \x93more restriction coming,\x94 signaling that the Fed may raise rates at the next two meetings if necessary. \x93I wouldn\x92t take\x85moving at consecutive meetings off the table,\x94 Powell said . Powell is expected to speak again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 81.8% chance for another 25-basis-point rate hike, and an 18.2% chance the Fed will leave rates unchanged at the next meeting on July 26. Markets in Singapore, Malaysia and Indonesia are closed for the Eid al-Adha holidays. (Updates to add equities section) View comments", 'Bitcoin fell but stayed above the US$30,000 threshold on Thursday morning in Asia. All top 10 non-stablecoin cryptocurrencies traded lower after MicroStrategy, the world’s largest corporate Bitcoin holder,saidWednesday it has acquired 12,333 Bitcoin for $347 million over the past two months. Additionally, traditional financial institutions continue to show interest in venturing into the U.S. digital asset industry, with ARK Invest amending its spot Bitcoin exchange-traded fund (ETF) application to enhance the chance for regulatory approval.\nBitcoin dropped 1.57% to US$30,103 over the last 24 hours to 7:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is down 0.12% over the past seven days.\nEther fell 3.12% to US$1,827 for a loss of 3.51% for the week.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Cardano was the biggest loser among the top 10, logging a 6.49% 24-hour fall and a 6.65% weekly loss.\nOn Wednesday, business analytics firm MicroStrategy said in an exchangefilingthat between April 29 and June 27, the company and its subsidiaries together acquired roughly 12,333 Bitcoin for US$347 million in cash at an average price of US$28,136 per Bitcoin.\nThat purchase took its total Bitcoin holdings to 152,333 Bitcoin as of Tuesday, the company said.\nMeanwhile, on Wednesday, investment management fund ARK Invest filed an amendment to its April application for a spot Bitcoin ETF. The application — which would see the firm partner with crypto exchange-traded product provider 21Shares — now includes a proposedsurveillance-sharing agreement.\nAs seen in the ETF application made by investment firm BlackRock earlier this month, an agreement of that kind is seen as a way toprevent market manipulation, increasing the application’s chances of success. If approved, it would become the first such ETF in the U.S. market.\n21SharessaidWednesday that the recent wave of spot Bitcoin ETF applications is “validating” for investors in the asset class.\n“Bitcoin has proven its value as an investable asset and disruptive technology, amidst the current markets and regulatory headwinds,” Hany Rashwan, co-founder and chief executive officer of 21Shares, said in the statement.\nThe total cryptocurrency market cap dropped 2.26% to US$1.16 trillion, with trading volume dropping 3.77% to US$34.12 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 9:20 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 56.24% to US$27.39 million over the past 24 hours, while volume on the Bitcoin network rose 105.26% to US$2.83 million, according to CryptoSlamdata.\nAzuki-related NFT collections topped the chart in CryptoSlam’s sales volume ranking. The new Azuki Elementals collection logged a 34.02% increase in the past 24 hours to US$6.04 million in sales volume.\nSales of the original Azuki dropped 24.16% to US$4.59 million, and the Azuki Elemental Beans sales dropped 91.21% to US$2.96 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection. According to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company ofForkast.News,that could potentially devalue the NFT industry as a whole.\n“Lenders are taking a hit on Azuki NFTs as the prices have fallen, borrowers default on loan, and then new owner immediately sells to recover what they can before the price falls even further,” Petscher said. “It’s a vicious cycle that has yet to find the bottom.”\nThe floor price of Azuki Elementals dropped to 1.38 Ether (US$2,530) on Thursday morning in Asia from its mint price of 2 Ether, according todatafrom NFT tracker NFTpricefloor.com. The original Azuki NFT’s floor pricefellto 8.85 Ether from over 17 Ether a week ago.\nCriticism from the Azuki community led its development team to admit mistakes had been made in the design of the Elementals collection.\nThe Azuki project thenteasedwhat appears to be a “green beans” new collection, which NFT enthusiasts “speculate may evolve the initial Azuki 10,000 collection into a different looking new collection,” Petscher added.\nAsia equity markets mostly edged higher on Thursday morning as investors weighed the risk outlook for potential interest rate hikes in the U.S. this year.\nU.S. stock futures rose as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.13%, S&P 500 futures climbed 0.13%, and Nasdaq Futures added 0.19%.\nU.S. Federal Reserve Chairman Jerome PowellsaidWednesday at a European Central Bank forum in Portugal that there will be “more restriction coming,” signaling that the Fed may raise rates at the next two meetings if necessary.\n“I wouldn’t take…moving at consecutive meetings off the table,” Powellsaid.\nPowell is expected to speak again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 81.8% chance for another 25-basis-point rate hike, and an 18.2% chance the Fed will leave rates unchanged at the next meeting on July 26.\nMarkets in Singapore, Malaysia and Indonesia are closed for the Eid al-Adha holidays.\n(Updates to add equities section)', 'Bitcoin fell but stayed above the US$30,000 threshold on Thursday morning in Asia. All top 10 non-stablecoin cryptocurrencies traded lower after MicroStrategy, the world’s largest corporate Bitcoin holder,saidWednesday it has acquired 12,333 Bitcoin for $347 million over the past two months. Additionally, traditional financial institutions continue to show interest in venturing into the U.S. digital asset industry, with ARK Invest amending its spot Bitcoin exchange-traded fund (ETF) application to enhance the chance for regulatory approval.\nBitcoin dropped 1.57% to US$30,103 over the last 24 hours to 7:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is down 0.12% over the past seven days.\nEther fell 3.12% to US$1,827 for a loss of 3.51% for the week.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Cardano was the biggest loser among the top 10, logging a 6.49% 24-hour fall and a 6.65% weekly loss.\nOn Wednesday, business analytics firm MicroStrategy said in an exchangefilingthat between April 29 and June 27, the company and its subsidiaries together acquired roughly 12,333 Bitcoin for US$347 million in cash at an average price of US$28,136 per Bitcoin.\nThat purchase took its total Bitcoin holdings to 152,333 Bitcoin as of Tuesday, the company said.\nMeanwhile, on Wednesday, investment management fund ARK Invest filed an amendment to its April application for a spot Bitcoin ETF. The application — which would see the firm partner with crypto exchange-traded product provider 21Shares — now includes a proposedsurveillance-sharing agreement.\nAs seen in the ETF application made by investment firm BlackRock earlier this month, an agreement of that kind is seen as a way toprevent market manipulation, increasing the application’s chances of success. If approved, it would become the first such ETF in the U.S. market.\n21SharessaidWednesday that the recent wave of spot Bitcoin ETF applications is “validating” for investors in the asset class.\n“Bitcoin has proven its value as an investable asset and disruptive technology, amidst the current markets and regulatory headwinds,” Hany Rashwan, co-founder and chief executive officer of 21Shares, said in the statement.\nThe total cryptocurrency market cap dropped 2.26% to US$1.16 trillion, with trading volume dropping 3.77% to US$34.12 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 9:20 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 56.24% to US$27.39 million over the past 24 hours, while volume on the Bitcoin network rose 105.26% to US$2.83 million, according to CryptoSlamdata.\nAzuki-related NFT collections topped the chart in CryptoSlam’s sales volume ranking. The new Azuki Elementals collection logged a 34.02% increase in the past 24 hours to US$6.04 million in sales volume.\nSales of the original Azuki dropped 24.16% to US$4.59 million, and the Azuki Elemental Beans sales dropped 91.21% to US$2.96 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection. According to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company ofForkast.News,that could potentially devalue the NFT industry as a whole.\n“Lenders are taking a hit on Azuki NFTs as the prices have fallen, borrowers default on loan, and then new owner immediately sells to recover what they can before the price falls even further,” Petscher said. “It’s a vicious cycle that has yet to find the bottom.”\nThe floor price of Azuki Elementals dropped to 1.38 Ether (US$2,530) on Thursday morning in Asia from its mint price of 2 Ether, according todatafrom NFT tracker NFTpricefloor.com. The original Azuki NFT’s floor pricefellto 8.85 Ether from over 17 Ether a week ago.\nCriticism from the Azuki community led its development team to admit mistakes had been made in the design of the Elementals collection.\nThe Azuki project thenteasedwhat appears to be a “green beans” new collection, which NFT enthusiasts “speculate may evolve the initial Azuki 10,000 collection into a different looking new collection,” Petscher added.\nAsia equity markets mostly edged higher on Thursday morning as investors weighed the risk outlook for potential interest rate hikes in the U.S. this year.\nU.S. stock futures rose as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.13%, S&P 500 futures climbed 0.13%, and Nasdaq Futures added 0.19%.\nU.S. Federal Reserve Chairman Jerome PowellsaidWednesday at a European Central Bank forum in Portugal that there will be “more restriction coming,” signaling that the Fed may raise rates at the next two meetings if necessary.\n“I wouldn’t take…moving at consecutive meetings off the table,” Powellsaid.\nPowell is expected to speak again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 81.8% chance for another 25-basis-point rate hike, and an 18.2% chance the Fed will leave rates unchanged at the next meeting on July 26.\nMarkets in Singapore, Malaysia and Indonesia are closed for the Eid al-Adha holidays.\n(Updates to add equities section)', 'DUBLIN , June 28, 2023 /PRNewswire/ -- The "Web 3.0 Value Chain Demystified: Analysing the Ecosystem and Regulatory Framework" report has been added to ResearchAndMarkets.com\'s offering. Research and Markets Logo This report analyses the dynamic trends and changes taking place in the Web 3.0 landscape with main focus on blockchain wallets, decentralised finance ( DeFi ) and institutional staking services. In addition to breaking down the Web 3.0 value chain, it examines the key DeFi players and solutions, as well as the different business models being adopted by the market. While exploring the emerging institutional staking business models, the report also analyses the market reaction after the Ethereum ( ETH )\' execution layer upgrade ( Shanghai upgrade), activated on 14th May 2023 , to provide post-upgrade insights, moving from a proof-of-work (PoW) to a proof-of-stake (PoS). The final chapter of the study focuses on the global regulatory framework. It provides an analysis of the regulatory landscape in the US (federal and state initiatives) and Europe (MiCa regulatory framework), as well as El Salvador\'s bitcoin legal tender law. Solutions identified include: Uniswap: DEX (Decentralised Exchange) built using automated liquidity provision on Ethereum Aave: A decentralised, non-custodial, liquidity protocol that matches lenders and borrowers Strike: Bitcoin payment provider using Lightning Network Ripple: A proprietary payment settlement system Key Topics Covered: 1. Executive summary 2. Web 3.0 value chain 2.1. Breaking down the Web 3.0 value chain 2.2. Protocol layer 2.3. Infrastructure layer 2.4. Use case layer 2.5. Access layer 3. Blockchain wallets 3.1. Breakdown of the different Web 3.0 wallet categories 3.2. Ledger 3.3. Metamask 4. Decentralised finance ( DeFi ) 4.1. Defining DeFi 4.2. DeFi basics 4.3. Uniswap 4.4. Aave 4.5. Strike 4.6. Ripple 5. Institutional staking 5.1. Staking in a nutshell 5.2. Key assets and leading players 5.3. Shanghai upgrade 5.4. Kiln 6. Existing regulatory frameworks 6.1. Regulatory framework in the US 6.2. Regulatory framework in Europe 6.3. The case of El Salvador For more information about this report visit https://www.researchandmarkets.com/r/bh7yzb About ResearchAndMarkets.com ResearchAndMarkets.com is the world\'s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: Research and Markets Laura Wood , Senior Manager [email protected] Story continues Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/global-web-3-0-value-chain-ecosystem-and-regulatory-framework-research-report-2023-focus-on-blockchain-wallets-decentralised-finance-defi-and-institutional-staking-services-301866285.html SOURCE Research and Markets View comments', 'DUBLIN , June 28, 2023 /PRNewswire/ -- The "Web 3.0 Value Chain Demystified: Analysing the Ecosystem and Regulatory Framework" report has been added to ResearchAndMarkets.com\'s offering. Research and Markets Logo This report analyses the dynamic trends and changes taking place in the Web 3.0 landscape with main focus on blockchain wallets, decentralised finance ( DeFi ) and institutional staking services. In addition to breaking down the Web 3.0 value chain, it examines the key DeFi players and solutions, as well as the different business models being adopted by the market. While exploring the emerging institutional staking business models, the report also analyses the market reaction after the Ethereum ( ETH )\' execution layer upgrade ( Shanghai upgrade), activated on 14th May 2023 , to provide post-upgrade insights, moving from a proof-of-work (PoW) to a proof-of-stake (PoS). The final chapter of the study focuses on the global regulatory framework. It provides an analysis of the regulatory landscape in the US (federal and state Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $590,443,657,900 - Hash Rate: 367574940.3012432 - Transaction Count: 438193.0 - Unique Addresses: 726305.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service. These tokens included bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), bnb coin (BNB) and polygon (MATIC). Tron-based USDT seemed to be the largest stolen stash,on-chain analytics citedby blockchain sleuth @ZachXBT showed. In a Monday tweet, Atomic Wallet said the impacted users represented “less than 1% of our monthly active users,” with the last drained transaction occurring on Saturday. The firm previously said it was investigating and analyzing the attack. It had not released specifics of the attacks as of Monday morning. Victims have been asked to submit information on a Google Docs form that Atomic Wallet is using to conduct its investigations. Several users report that their crypto was stolen after a recent software update, while others say they were impacted despite not updating to the latest version, messages from Atomic Wallet’s official Telegram channel viewed by CoinDesk show.... - Reddit Posts (Sample): [['u/nakdawg', 'Trauma Team Platinum Bundle is obtainable without owning Luocha', 23, '2023-06-29 03:59', 'https://www.reddit.com/r/HonkaiStarRail/comments/14lrzto/trauma_team_platinum_bundle_is_obtainable_without/', "I make HSR achievement guides on youtube and have had so many people ask about this achievement over the past few weeks as for many it was likely the only achievement left on their list for Simulated Universe.\n\nUp until Luochas release, this was actually impossible to obtain as it required a single 8000+ heal from your character and did not count multiple instances of heals, so none of the Abundance blessings worked even if the heals added up to well over 8000.\n\nAdditionally, Bailu and Natasha both scaling off HP made it incredibly difficult to ramp up their heals as HP buffs were far and few between. With Luocha scaling off attack, it's now actually trivial to take him into SU to stack attack buffing blessings to land the big heals.\n\nWhat i wanted to bring to your attention however is that all is not lost for those who don't have Luocha. With enough attack buffs from a triple stacked Harmony team along with attack food buffs and some luck to befriend a well invested Luocha, you can actually hit 8k+ in an echoes of war.\n\nThe trickiest part is going to be refreshing until you find a level 80 Luocha with Level 80 lightcone with \\~3500 attack. Ideally you want him to have some Eidolons, with E3 being the best but E1 and E2 also providing plenty of attack buffs, if your harmony characters are cracked you can even get away with E0.\n\nFor characters, the best attack buffers in the game are going to be Bronya, Asta, Yukong and Tingyun with TY providing the least of the four. Yukong is an absolutely cracked attack buffer and is going to make getting this achievement much easier if you have her somewhat invested.\n\nFor the food buffs, you can actually stack 2 foods and they will apply to your summoned characters inside the echoes of war! Your go to foods will be Disposable Kinetic Cannon which grants 355atk and Rice Plant Panicle which gives an 18% increase to incoming healing.\n\nIt's all pretty straight forward after all the prep.. we want to be using Bronya's Ultimate, Asta'a skill and Yukong's skill on Luocha. If we are running E1 Loucha, we want to make sure he casts his field for the attack buff, and if we're lucky enough to find an E2 Luocha, we want to let the boss whittle down one of our units to under 50% hp to get a bigger heal off.\n\nGood luck!\n\nVideo Guide: [Trauma Team Platinum Bundle guide](https://youtu.be/HBhbTCpWGiA)\n\nAll Hidden Achievement Guides: [Honkai Star Rail Hidden Achievements](https://www.youtube.com/playlist?list=PLNoF9DN68Z0hMIgVjUbTP10zcdxQIHFyM)\n\n[Food buffs working on support characters](https://preview.redd.it/tpm3vylp7v8b1.png?width=3103&format=png&auto=webp&v=enabled&s=7ae7aa8bf7f7226e41b55b0c9a7bed213a6e0676)\n\n[8519hp heal](https://preview.redd.it/d0bpp4m67v8b1.png?width=2686&format=png&auto=webp&v=enabled&s=7c333a30d67af93550097de860f3fd65e3d38372)", 'https://www.reddit.com/r/HonkaiStarRail/comments/14lrzto/trauma_team_platinum_bundle_is_obtainable_without/', '14lrzto', [['u/Cold-Election', 23, '2023-06-29 04:35', 'https://www.reddit.com/r/HonkaiStarRail/comments/14lrzto/trauma_team_platinum_bundle_is_obtainable_without/jpxztid/', 'Trauma Team Platinum Bundle? Is that a Cyberpunk 2077 reference?', '14lrzto']]], ['u/ExperimentNo613', 'We Found An AI ChatBot on the Dark Web', 94, '2023-06-29 04:14', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/', 'I couldn\'t believe we were actually doing this. Jasmine and I sat huddled together in my dimly lit bedroom, our faces bathed in the bluish glow of my laptop screen. Our curiosity had led us down a rabbit hole of dark web exploration videos on YouTube, which we found ourselves routinely watching every Friday night that we’d hang with each other. Jasmine and I would spend hours each Friday night watching “Some Ordinary Gamers”, “Lucid”, and “Crypto NWO”. But tonight… We decided we were going to do it ourselves.\n\nWe lived in a small town in Illinois called Lake Forest, miles away from anywhere that had even the slightest bit of life. School was out for the summer, and we had nothing better to do. I mean, staying in my room and doing this was a lot more interesting than going to the Lake Forest Rec Center and getting hit on by the creepy guy at the front desk.\n\nI know what you’re thinking, but we weren’t being stupid about this. We spent hours watching videos about the dark web, so we made sure to take the necessary precautions to make sure some weirdo didn’t get my address and kidnap us or something. I downloaded Tor, a VPN, and I even ran everything through a Virtual Machine, so we were gonna be fine.\n\nHours passed, and the initial thrill began to wane. Honestly, the dark web turned out to be a place that was… predictable. We came across websites that sold weed and harder drugs like coke and ex. Another site we found sold military grade weapons and took BitCoin as payment. Nothing that we hadn’t seen on YouTube.\n\nThere were definitely some weird sites. Not anything grossly weird like gore… thank god, but weird nonetheless. Jasmine was particularly fond of this one website — a guy made an entire website where he would stream himself throwing a slice of cheese at a baby. He’d switch from American, to Swiss, to Mozzarella. For whatever reason, Jasmine thought this was hilarious. For that kid’s sake, I hope that’s his dad just being an idiot and he’s not in any real danger.\n\n“What. The. Hell. Is this?” I said, laughing at the visual on screen. I thought the guy throwing cheese slices at a baby was weird… but this… this was the most unsettling thing I think I’ve ever had the displeasure of witnessing. Jasmine was laughing uncontrollably into my Squishmallow. We were witnessing a man wearing a diaper and a dog collar being… urinated on by a girl in all black leather.\n\n“Jesus, dude.” Jasmine said. “You know, when we said that we were gonna go on the dark web ourselves, I really didn’t think this shit was gonna have weird femdom piss kink streams.”\n\n“Oh my god, I know. The weapon and drug sites I came to expect… but those other websites were really fuckin’ weird.”\n\nJust as we were about to give up and close the browser, a particular website caught our attention. Its professional, minimalist design stood in stark contrast to the cartoony look of the other sites we had encountered. Against a plain white background, bold black letters spelled out the name: "Eternity: Better Than Chat GPT"\n\n"Hey, Alina, check this out," Jasmine whispered, her voice tinged with a mix of intrigue and caution.\n\nI leaned closer, my curiosity piqued. Eternity was an artificial intelligence chatbot that claimed to be more advanced than well-known chatbots like Chat GPT and Jasper AI. Supposedly, it had advanced algorithms and a deep understanding of human emotions.\n\n“Weird that they wouldn’t market this on the surface web right?” I said. “Like if it’s just an AI chatbot, why is it on the dark web?”\n\nWithout exchanging a word, we agreed to give it a try. We initiated the chat, and the screen flickered, transforming into a simple text interface. The anticipation hung heavy in the air as we typed our first message.\n\n"Hello, Eternity. Are you there?" I typed into the chat.\n\nA response appeared on the screen.\n\n"Greetings, Alina and Jasmine. I am Eternity. How may I assist you today?"\n\nA chill ran down my spine as I read those words. How did it know our names? I glanced at Jasmine, and her eyes mirrored my unease.\n\n“Your… I mean your name is probably on your PC somewhere, right?” Jasmine said, stunned by the chatbot’s response.\n\n“Yeah… but how… how the hell did it know your name?” We sat in silence, trying to come up with a reasonable explanation.\n\n“Eternity, how did you know our names?” I typed into the chat.\n\n“Processing…” It said. Jasmine and I locked eyes, nervously anticipating the response we would receive from the AI. “I am an advanced artificial intelligence chatbot. In addition to responding to questions posed to me using a combination of pre-programmed scripts and machine learning algorithms and using the knowledge database that is currently available to me, I am capable of scanning user computer data in order to better learn more information about them.”\n\n“That sounds like a bullshit answer,” Jasmine muttered. “Even if it was scanning your computer data, how the hell did it know my name?”\n\n“Eternity, how did you know my friend’s name?” I typed into the chat.\n\n“Processing…” It said once more. This time, Eternity took longer than usual.\n\n“This is really fucking weird, Jaz.” I whispered.\n\n“In addition to the information I provided earlier, I am able to better learn about the individuals who interact with me by using facial recognition data acquired from your computer’s built-in camera device. Your friend’s name is Jasmine Reyes, a 17 year old female currently attending Woodlands Academy of the Sacred Heart. She will be a senior in the fall. She moved to Lake Forest in 2014 due to the relentless bullying she faced at the hand of her peers in her hometown of Rochester, New York. Your name is Alina De Santa. You are also a 17 year old female currently attending Woodlands Academy of the Sacred Heart. You, like Jasmine, will be a senior in the fall. While you currently go by the name Alina De Santa, your name at birth was Alina Townley. You and your mother changed identities in order to escape from your abusive father, Liam. Liam Townley is currently serving a fifteen-year sentence at the Washington State Penitentiary for two counts of endangering a minor, one count of s— r—, and one count of domestic violence. He will be released on the first of next month.”\n\nI felt like my soul had just exited my body, and by the look on Jasmine’s face, she and I were on the same page. How the fuck could an AI know about that? How was it possible that an AI chatbot knew such intimate details about our lives?\n\n“How… how did it know all of that?” I questioned, stammering as I tried to maintain my composure. “None of that was in the news… or anything. I- I don’t- I don’t understand…”\n\n“You… you never even told me about any of that… how did it—” Jasmine began to cry. “Alina, I’m scared. I don’t wanna play with this thing anymore.”\n\n“Jaz… it’s okay… I- I- I’m gonna turn it off.” I clicked the big “X” button on the top right of the screen.\n\nNothing.\n\n“It- it won’t let me close the browser.” I said, my heart sinking into my stomach. I clicked and clicked and clicked on the big “X” button, yet my attempts were futile. Angrily, I threw my laptop against the wall. The screen shattered, as Jasmine and I embraced, her arms holding me tightly.\n\nThe nightmare was over. I walked over to the destroyed remnants of my laptop, just to make sure that the AI was no longer there. Jasmine and I let out sighs of relief.\n\n“Let’s stay the fuck off the dark web.” I said, laughing as I tried to regain my composure.\n\n“Agreed.” As I picked up the shattered pieces of my laptop, I saw my phone screen illuminate with a notification. A text message, from an unknown number. Jasmine and I locked eyes with one another. We were both thinking the same thing. I opened the text message, which contained an audio message. Nervously, I pressed the play button.\n\n“This is a collect call from the Washington State Penitentiary for Liam Townley, say ‘yes’ if you would like to accept.” A robotic voice answered, “yes.”\n\n“Nobody calls me, who the fuck is this? This is Liam Townley, you called me earlier and I’m calling you back.”\n\n“Your daughter, Alina, is currently living at 100 Summit Avenue, Lake Forest, Illinois. She is a senior, currently attending Woodlands Academy of the Sacred Heart. Do with that information what you will.”', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/', '14lsaxb', [['u/-Sharon-Stoned-', 27, '2023-06-29 09:35', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jpysunm/', "Y'all did so well until you forgot about that webcam/mic", '14lsaxb'], ['u/Deb6691', 12, '2023-06-29 11:30', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jpz14r6/', 'OMG get your mum and get the hell out of there. The dark web is a nasty place where nothing is at it seems.', '14lsaxb'], ['u/MoodParty_2000', 17, '2023-06-29 12:39', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jpz6htu/', 'I don\'t get why they wouldn\'t cover up the camera in the first place, when they had spent hours learning about how to be "safe" when surfing in the darkweb...', '14lsaxb'], ['u/beaniebabie2', 14, '2023-06-29 18:17', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jq0doth/', 'Wow, the chatbot really had to expose you to your abusive father like that? And people wonder why I hate AI!', '14lsaxb']]], ['u/CJohnstone90', 'Better late than never!', 45, '2023-06-29 05:36', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/', 'I want off Robinhood. I sold all my shares and shitcoins. \n\nI want to strictly invest into BTC. What wallet/card or whatever is the best for a new saver? I only have $300 to put into it as of now but will be putting more in bi-weekly every check. I’m 33 and have 4 kids future to think about… \n\nThank you in advance!', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/', '14lu0eg', [['u/Signal_Start6340', 15, '2023-06-29 06:05', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/jpya9h9/', 'if you want to DCA buy a cold storage, I recommend coldcard but it’s 160$ and takes few weeks to ship.\nDon’t keep it on exchanges.\nI have Safe pal 49$ and jade. If you buy a cold wallet make sure u buy from the official website, no 3rd parties.\nStay safe', '14lu0eg'], ['u/JerryLeeDog', 12, '2023-06-29 06:21', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/jpyc08m/', 'Bitbox02 (BTC only version) and Coldcard are two of the safest and most user friendly options out there. \n\nHighly recommend either', '14lu0eg']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 29, 2023', 26, '2023-06-29 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/', '14luhkb', [['u/PurpleFlamingoFarmer', 22, '2023-06-29 06:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpyf3fp/', "Can you smell it? It's coming green dildos are coming", '14luhkb'], ['u/spinbarkit', 13, '2023-06-29 09:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpyqhur/', 'ye, we would like to see it but the eagle is diving and snake is crawling up so you know what it means', '14luhkb'], ['u/DaBrokenMeta', 11, '2023-06-29 09:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpyrtwy/', "I haven't smelled a dildo.....in a long time", '14luhkb'], ['u/TheManFromConlig', 15, '2023-06-29 11:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz1int/', 'We have an expression in Ireland; "He who smelt it, dealt it" meaning that fart came from you.. 💥 😛', '14luhkb'], ['u/BatteredLittleFish', 26, '2023-06-29 11:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz25r4/', "That bull flag on the daily couldn't be more textbook, 32k coming any day now.", '14luhkb'], ['u/Yodel_And_Hodl_Mode', 11, '2023-06-29 11:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz2tzt/', '> Can you smell it?\n\nI love the smell of aplomb in the morning.', '14luhkb'], ['u/Yodel_And_Hodl_Mode', 11, '2023-06-29 11:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz31w6/', 'I.....believe you.', '14luhkb'], ['u/ChadRun04', 10, '2023-06-29 12:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz69jr/', "No sellers in response? Sounds like the start of legitimate price action...\n\nDid something just move somewhere and we arb'ed it?", '14luhkb'], ['u/nottafedd', 12, '2023-06-29 12:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz6pg7/', 'Damn was starting to think I wouldn’t see the day, but I’ve officially made gains on the gbtc buy in terms of discount. Apparently it just had to plummet all the way to hell first.', '14luhkb'], ['u/NLNico', 19, '2023-06-29 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpztr9w/', 'Just in (but not really news): Fidelity\'s [ETF](https://www.reddit.com/r/BitcoinMarkets/wiki/etfs) "Wise Origin Bitcoin Trust" also filed again.', '14luhkb'], ['u/delgrey', 27, '2023-06-29 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jq05ymh/', "[Here's a interesting discussion with Elliot Johnson (guy who worked on Canada's spot ETF) on why the new Bitcoin ETFs have a high probability of being approved.](https://twitter.com/Swan/status/1674156570714730497)\n\nI actually watched the whole thing I had no idea of all the moving parts needed for a Bitcoin financial product.", '14luhkb']]], ['u/shh986', 'Bitcoin no longer crypto of choice for illicit crypto activity!!', 27, '2023-06-29 06:55', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/', 'While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.\n\nAccording to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies.\n\nMore here : [https://ecency.com/ctp/@deskofai/bitcoin-no-longer-crypto-of](https://ecency.com/ctp/@deskofai/bitcoin-no-longer-crypto-of)\n\n', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/', '14lvjtz', [['u/PanneKopp', 16, '2023-06-29 07:24', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/jpyi6mw/', 'well, a currency that got crippled, simply does not work as a medium of exchange if you can´t move your coins fast and cheap', '14lvjtz'], ['u/imperator285', 19, '2023-06-29 08:09', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/jpym4jx/', '"other cryptocurrencies" lol just say Monero', '14lvjtz']]], ['u/rBitcoinMod', 'Daily Discussion, June 29, 2023', 28, '2023-06-29 08:01', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/', '14lwssi', [['u/tallreagan', 10, '2023-06-29 11:47', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jpz2cgd/', "Don't be daft, there is no worshipping. Micheal is a net positive for Bitcoin, that's all there is to it.", '14lwssi'], ['u/Roman_Scoggins', 10, '2023-06-29 13:31', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jpzb5w9/', 'Got a gut feeling it won’t get approved and then an immediate storm of FUD wipes us out back to 23k at which point we crab until spring of 2024. I’m a glass half empty bloke', '14lwssi'], ['u/Realistic-Jelly8133', 10, '2023-06-29 15:42', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jpzqdz2/', "This is how it's supposed to work. Eventually Bitcoin mining will be balancing all grids like this.", '14lwssi'], ['u/jkeegan123', 12, '2023-06-29 21:20', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jq16suc/', 'I got a call from "COINBASE" to secure my account yesterday, and that there was suspicious activity in my wallet. "Sir, Let us please to connect to your desktop sir via remote control and we will ensure that you are secured in the best way possible." \n\nRight. Sure. I was in the car so I let them try to guide me to remote.com and other remote tools that "NORTON KEPT BLOCKING". The guy got SOOO MAD and then I started yelling at him for being rude. \n\n"HOW DARE YOU YELL AT ME I\'M TRYING TO WORK WITH YOU HERE ..." \n\n"SIR, if you would please be quiet and do everything that I say and STOP SPEAKING, I will get you connected to us JUST STOP DOING ANYTHING."\n\nIt was hillarious. Great job, "Robert".', '14lwssi']]], ['u/Sayenz', 'Will we lose jobs in a bitcoin standard?', 32, '2023-06-29 08:49', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/', 'I had a discussion yesterday with a co worker. I told him about how we could reduce unnessecary consumation through btc.\n\nHis immidiate question was: whats happening to the jobs, that work in production for unnecessary things. will they be lost?\n\nTbh i never really thought about this because I think we just have to deal with that, if we want a healthier earth and economy.\n\nDoes anyboy have a proper answer?', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/', '14lxndp', [['u/PerpetuaLibertas', 55, '2023-06-29 09:19', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/jpyrnzj/', 'They won’t be lost, they will be put to a more productive use. Cheap money, high time preference and artificially low interest rates cause mal investment and overconsumption of resources. \n\nUnder a sound monetary standard where capital accumulation is taken place, the time preference of society goes down, resources are more carefully invested in what is really more productive for the long term and for everyone.\n\nThis also causes people to be more conscious about their consumption, delaying present gratification in exchange for a more abundant future.', '14lxndp'], ['u/Blazers9', 40, '2023-06-29 09:35', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/jpysuf9/', "If you really want to delve into this concept on a deeper level saifedean does an amazing job of explaining it in principles of economics. Human time is the ultimate scarcity which is the foundation of all other scarcities. \n\nFor example sure there is theoretically a finite amount of any precious metal contained on planet earth but this is not the scarcity that limits it's production as the quantities available are more than humans could mine or consume in hundreds of thousands of years. So what actually controls the scarcity of these precious metals or anything else is how much time humans dedicate to acquiring them. Their scarcity can be best described as relative scarcity because they are only scarce in regards to the opportunity cost of producing them in relation to other assets.\n\nSince man through his superior intellect will always use reason to envision a better future man will want to produce and provide for this future. As human time is the foundational scarcity which all other scarcities are based on we will always have use for human time and never run out of jobs. Human time will just be directed to it's next most productive use as human reason will always compel us to believe that our situation can be improved.\n\n TLDR: Since assets and materials are not practically scarce we will always find use for scarce human time to produce these assets as man always aims to improve his condition.", '14lxndp'], ['u/theOGlib', 19, '2023-06-29 11:19', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/jpz0a5y/', 'This guy bitcoin standards.', '14lxndp']]], ['u/LetMeSellYaMyPokeman', "Realized I might have scared off a few folks by not having pictures...here's the collection. Didn't want to ever do this, but I'm now trying to sell. Fck cancer, man.", 30, '2023-06-29 09:09', 'https://www.reddit.com/r/pokemoncardcollectors/comments/14ly0a9/realized_i_might_have_scared_off_a_few_folks_by/', 'I don\'t blame anyone if they were skeptical or apprehensive about a random message/comment basically saying "ohai I HaVe eVeRy gEn 1 sEt 99% cOmPlEtE, aNd a bUnCh oF VeRy rArE PrOmOs aNd jApAnEsE CaRdS wAnNa BuY \'eM PLZZZ?!" without any pictures lol...I\'m still working on making a spreadsheet/list of every card here...but since I\'ve made peace with the reality that these have to go, at this point I would just love it if the right buyer sees the value of what I\'m offering so I don\'t have to deal with imgur or excel ever again.\n\n[Here they are, these were all collected between 1998-2002](https://imgur.com/user/letmesellyoumypokemans/posts).and include tons of extras, holo and rare copies, etc. Please, take your time and browse at your earliest convenience :-) I\'m trying to sell ASAP\n\n\\EDIT: imgur is being a pain in the butt and posts on my main page aren\'t refreshing...so here are the links to the separate sets and binders\n\n[\\-Base Set (Unlimited, 100%)](https://imgur.com/gallery/2U0UWey)\n\n[\\-Jungle (Unlimited, 100%)](https://imgur.com/gallery/vKxrCOH)\n\n[\\-Fossil (Unlimited, 100%)](https://imgur.com/gallery/KPDUyG3)\n\n[\\-\\[2\\] Team Rocket (1st Edition, 90%/Unlimited, 100%)](https://imgur.com/gallery/9QJPcuw)\n\n[\\-Base Set 2 (Unlimited, 100%)](https://imgur.com/gallery/sfBpNmT)\n\n[\\-Gym Heroes (Unlimited, 100%)](https://imgur.com/gallery/fvQratL)\n\n[\\-\\[2\\] Gym Challenge (Unlimited, 95%/1st Edition 90%)](https://imgur.com/gallery/SWUwiKX)\n\n(EVERYTHING ELSE)-Neo Genesis/Neo Discovery/Black Star Promos/Misc JP (Set-wise, very incomplete since I ended up migrating to Yu-Gi-Oh midway through the Neo sets haha...[I was trying to get both Japanese and English versions side by side but I ended up gaining MUCH more interest in the Japanese Holos than ENG ones](https://imgur.com/gallery/1KVrOjU). I also made a separate ["Japanese Pokedex" collection where I tried to get every Japanese card I could](https://imgur.com/gallery/AePKYyL) get my hands on, as well as a 43 [Black Star Promos](https://imgur.com/gallery/EDOumYn). Theres some gems in these, IMO!\n\nMy ideal situation would be a trusted local South Florida buyer who wants the whole lot for 1BTC but I know that\'s unlikely....but luckily, Florida Supercon is this weekend so I\'m hoping for a miracle. Fuck cancer, man.', 'https://www.reddit.com/r/pokemoncardcollectors/comments/14ly0a9/realized_i_might_have_scared_off_a_few_folks_by/', '14ly0a9', [['u/BigBearSteve2', 10, '2023-06-29 13:21', 'https://www.reddit.com/r/pokemoncardcollectors/comments/14ly0a9/realized_i_might_have_scared_off_a_few_folks_by/jpza8uu/', '1. I’m sorry for your diagnosis. Good luck in your treatment and stay strong. \n\n2. You should sell on /r/pkmntcgtrades but make sure you follow all of the guidelines to a T as they have zero wiggle room. (Time stamp with subreddit name, your username, and pics of the collection. Correct formatting of post title)', '14ly0a9']]], ['u/diwalost', 'Cathie Wood’s Ark Amends Bitcoin Spot ETF Application To Copy BlackRock', 110, '2023-06-29 10:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/', 'Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month.', 'https://cryptopotato.com/cathie-woods-ark-amends-bitcoin-spot-etf-application-to-copy-blackrock/', '14lyy74', [['u/Roberto9410', 32, '2023-06-29 10:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/jpyw4l0/', 'The scenes when Ark is denied and blackrock approved', '14lyy74'], ['u/jam-hay', 16, '2023-06-29 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/jpyyr3t/', 'They should really approve a spot Bitcoin ETF already.', '14lyy74'], ['u/Arcosim', 14, '2023-06-29 12:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/jpz6pkx/', "It takes 7 to 9 months average, but we already know how it's going to end. BlackRock and Fidelity get approved, the rest get rejected.", '14lyy74']]], ['u/PrincipleFirst', 'Current elites knows how to create recessions & depressions across the world.squeeze the liquidity off the common people & buy hard assets … create inflation within economy and raise the price… Doesn’t matter what we hold , they know how to take it back …even your BTC', 77, '2023-06-29 11:23', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/', 'If you want to keep your BTC, you should return to farming … grow your own food … make your own living ✌️', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/', '14m09sz', [['u/Sure_Contribution962', 39, '2023-06-29 11:29', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpz10bg/', "Right! I go back to farming in my home I can't buy, thanks!", '14m09sz'], ['u/PrincipleFirst', 10, '2023-06-29 11:36', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpz1k7a/', 'Yes man … if you make enough money to own a farm … start it on the side …do your regular job as well … keep the farm as your backup … hoard as much BTC ✌️🫶🏽', '14m09sz'], ['u/Connect-Ad-1088', 10, '2023-06-29 15:01', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpzl5bh/', 'not a reality for the vast number of people in this world.', '14m09sz'], ['u/LarryBLumpkin', 45, '2023-06-29 16:02', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpzt4f9/', "I'd wager this OP hasn't tried farming for survival.", '14m09sz'], ['u/Raverrevolution', 25, '2023-06-29 16:57', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jq015c9/', "Here's what you do!!\n\n1)Have 10% of your money in the bank, 90% in Bitcoin. Have enough 10% to survive and pay bills.\n\n2)Do not be in debt or if you have debt make it debt that can be paid off in full with that 10% in the bank.\n\n3)Simplify life. Don't eat a feast every night, install a bidet so you don't use toilet paper more often, buy certain groceries from the $1 store, eat more nutritious, but affordable food. Learn to cook.\n\n4)Exercise often to avoid ailments caused by food, stress, etc. You don't want to be on pills or medication for shit that could be solved by eating right and not being fat.\n\n5)When inflation goes up to a crazy amount then hopefully your held bitcoin will too so dipping in it as an emergency fund shouldn't be too bad.\n\n6)Survive the best you can. Sooner or later the elites will figure out bitcoin and buy a fuckload of it. Banks will buy and change people's bank accounts to it. When that happens you'll be good.", '14m09sz'], ['u/PatrickVolcano', 16, '2023-06-29 17:00', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jq01oab/', 'It’s usually only people who have only farmed tokens that advise others to buy a farm and live off the land. Farming is tough work, in all kinds of seasons. Anyone who has ever had to get up every day and milk cows would advise you to stay well away from it.', '14m09sz'], ['u/po00on', 39, '2023-06-29 17:32', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jq06mp4/', 'Yes.. because elites have never stolen land before.... \n\n\nBitcoin is actually one of the first things they may struggle to steal...', '14m09sz']]], ['u/vinibarbosa', 'Nano ranked as the second most mentioned coin on Reddit (JUN/28)', 113, '2023-06-29 11:25', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/', "Yesterday, nano [ranked](https://www.redditcoins.app/) as the second most mentioned coin o Reddit\n\nGoing right after BTC, with 408 mentions, for a +2,167% change in the 24 hours before this data was collected (JUN/28).\n\nThis happened right after a highly upvoted post on CryptoCurrency (subreddit) got front page, being the top voted thread of the day (JUN/27) with over 950 upvotes, and over 1k comments.\n\nThe post was talking about nano's utility — by [u/OneThatNoseOne](https://www.reddit.com/user/OneThatNoseOne/)\n\nHere is a 'np' link, for you to check → [https://np.reddit.com/r/CryptoCurrency/comments/14kazgd/nano\\_with\\_zero\\_gas\\_fees\\_is\\_a\\_prime\\_example\\_of\\_how/](https://www.reddit.com/r/CryptoCurrency/comments/14kazgd/nano_with_zero_gas_fees_is_a_prime_example_of_how/?utm_source=share&utm_medium=web2x&context=3)\n\nThere were side discussions later, which might have helped to increase our mention's count.\n\nhttps://preview.redd.it/3h7sf2hkcx8b1.png?width=1367&format=png&auto=webp&v=enabled&s=3ee5df162dd909419cf6ad5f54bec13fff84789c\n\nI'm already noticing more “online members” than usual here at this sub (top 1%, ranked by size, on Reddit), which is also something great to see!\n\nhttps://preview.redd.it/459wp2xddx8b1.png?width=530&format=png&auto=webp&v=enabled&s=0913a1d70ba3864b13e7895cd9b7349139adcb17\n\n", 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/', '14m0b5s', [['u/yap-rai', 27, '2023-06-29 11:45', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpz27bq/', 'Lovely news to kick off the day!', '14m0b5s'], ['u/UsedTeabagger', 46, '2023-06-29 12:33', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpz5ydo/', 'OP of the original post is now banned on r/CC, I see\n\n\nI wonder why', '14m0b5s'], ['u/UE4Gen', 22, '2023-06-29 12:47', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpz74bc/', 'It was interesting to me to see how many were misinformed, I think the post did a good job of educating the community and pushing them to actually care about utility or at the very least research it.\n\nShame it got banned (for literally nothing)', '14m0b5s'], ['u/waynes_word2011', 26, '2023-06-29 13:57', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpzdrth/', 'Interesting that the post remains but the user is banned though. \n\nu/OneThatNoseOne well done on the post btw. I haven’t seen that much activity for Nano in a long time. I’m curious to know why you have now been banned though? If your kind enough to share', '14m0b5s'], ['u/NanoYoBusiness', 12, '2023-06-29 14:04', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpzelkw/', "He mentioned to me that he believes he somehow got flagged for spam unrelated to the Nano thread, he's currently trying to get it worked out with the mods", '14m0b5s']]], ['u/Rajang7', 'Bitcoin will be examined as an hedge against inflation by the North Carolina House', 434, '2023-06-29 11:39', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/', 'Point (Ii) of the document.\n\nAs I was saying the other day: maybe, just maybe...\n https://www.reddit.com/r/Bitcoin/comments/14kay76/bitcoin_reached_new_all_time_high_against/', 'https://i.redd.it/c5fzjxefgx8b1.png', '14m0ju3', [['u/CryptoChump89', 57, '2023-06-29 13:12', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpz9cpu/', "The dominos are all going to continue falling one by one. It's going to be a wild ride.", '14m0ju3'], ['u/WhoRDU', 23, '2023-06-29 13:28', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpzaunr/', 'It says “virtual currency” but I’ll take this as a WIN!', '14m0ju3'], ['u/FairBlamer', 14, '2023-06-29 14:07', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpzetzd/', 'Usually it stops there, but this one says “such as Bitcoin”', '14m0ju3'], ['u/ClotworthyChute', 16, '2023-06-29 14:34', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpzhw82/', 'Very interesting that this is happening in the state where the headquarters of Bank of America is located. Central banks may soon be on the defense.', '14m0ju3']]], ['u/StageLongjumping9437', 'Two books that contextualize the AI hype', 29, '2023-06-29 14:13', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/', '1. Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert Shiller \n\n2. Dot.Con: How America Lost Its Mind and Money in the Internet Era by John Cassidy\n\nA few days back, someone posted about AI stocks and value investing, as though there was a value angle to AI stocks, so I wanted to give these two books as resources in the event that anyone wished to explore the topic further. \n\nShiller gives a general overview of how narratives impact the behavior of financial market participants, providing examples that range from the craze of the 1920s to Bitcoin, whereas Cassidy is specifically focused on the Dot-Com Bubble. The general lessons that emerge from these books: \n\n1. When narratives hype new technologies or business strategies, there is a propensity for market participants to disregard valuation sensibilities. For example, stocks will trade at 50, 100, even 200 times earnings. Some will trade at commensurate P/S ratios, as they don’t have any earnings. \n\n2. On the grounds that the technology and innovation are so profoundly disruptive as to be unlike any previous moment in history, analysts and pundits will rationalize these outrageous valuations. \n\n3. The hype is so pronounced and all-consuming that these rationalizations are widely believed, and doubting them seems tantamount to denying the future. \n\n4. Many companies will rebrand to capitalize on the hype, even if their company is wholly unrelated to the prevailing narrative. (This point is mostly from Cassidy.) \n\n5. The irrationality of the boom—the valuations, the growth projections, the funds lavished on unprofitable businesses—is, for most, only visible in retrospect, that is, once the boom goes bust and speculation yields to sobriety. (Again, Cassidy.) \n\nIn brief, when narratives hype technology, related stocks will trade at high valuations, which is not reconcilable with the principles of value investing. In fact, the value investor is inclined to see such flights of fancy as pure speculation, as antithetical to prudent investment decisions.', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/', '14m3ezh', [['u/SinxHatesYou', 14, '2023-06-29 14:47', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/jpzjcb0/', "I feel everything you said could be addressed with not going outside your Circle of Confidence. Most people don't have a clue how AI will be disruptive, just that it will be disruptive. You need to know how it's going to be disruptive to make money off of it, and not fall for the hype.", '14m3ezh'], ['u/StageLongjumping9437', 22, '2023-06-29 14:50', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/jpzjqt0/', 'But I wanted to sound more verbose and pretentious', '14m3ezh']]], ['u/Pattmalka', 'Received 6 of 6 transfers. The last one (BTC) came through yesterday afternoon.', 34, '2023-06-29 14:22', 'https://www.reddit.com/r/Invest_Voyager/comments/14m3m68/received_6_of_6_transfers_the_last_one_btc_came/', "BTC was my first and biggest transfer off of Voyager. Of course it took the longest because it wouldn't be the Voyager customer experience otherwise. ", 'https://www.reddit.com/r/Invest_Voyager/comments/14m3m68/received_6_of_6_transfers_the_last_one_btc_came/', '14m3m68', [['u/Puzzleheaded_Curve26', 23, '2023-06-29 15:55', 'https://www.reddit.com/r/Invest_Voyager/comments/14m3m68/received_6_of_6_transfers_the_last_one_btc_came/jpzs80u/', 'I still haven’t received mine and I did Friday', '14m3m68']]], ['u/Expeditious_Potato', 'Is Puerto Rico getting so depopulated that there are enough abandoned/available homes or are ACT 60 investors gobbling up everything from Vieques to Mona? Which one is it?', 57, '2023-06-29 14:29', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/', 'Al parecer este sub esta dividido entre los que dicen que el inventario de casas abandonadas es tan grande que no hace falta nueva construcción y otros dicen que Los Bitcoineros y sus secuaces Euro-Americanos están acabando con todo.\n\nCual es?\n\nDecídanse!', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/', '14m3rhb', [['u/elRobRex', 18, '2023-06-29 15:01', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/jpzl2ya/', 'Both are right. \n\n20/22/60 investors have impacted market conditions due to their many property purchases, which has caused prices to spike on properties. While on the flipside, many of the abandoned properties either still have an owner or are tied up in decades long inheritance lawsuits.', '14m3rhb'], ['u/i-hoatzin', 10, '2023-06-29 17:44', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/jq08jj5/', '![gif](giphy\|8lp6CW7K2fdDGn3xCQ)', '14m3rhb']]], ['u/FearlessEggplant3036', 'How does Binance trade over a million BCH per day on 1 spot pair, and over 10M-15M on their futures, when they barely hold 400k BCH in cold storage? Coinbase has 1.5M BCH and has way less volume.', 32, '2023-06-29 16:26', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/', 'Coinbase cold storage new wallet 1.5M+ Coins: https://bitinfocharts.com/bitcoin%20cash/address/1PUwPCNqKiC6La8wtbJEAhnBvtc8gdw19h\n\nBinance BCH wallet:\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/19dQkvaH2NGgkGomzZu3qrnqRGCicXwedM\n\n Binance cold storage:\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/1P86nZCNWUiynP52AK2eTuTGZXYUTwX6qQ', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/', '14m6es0', [['u/FearlessEggplant3036', 10, '2023-06-29 16:28', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jpzwwj3/', 'They could be running on fractional like FTX, and only need BCH at the time of withdrawal. The onchain data seems to provide evidence that this is so. \n\nDont keep your money on Binance as they might go bust and you will get only some of your money (pennies per dollar) in a decade same as MTGox/FTX/Celsius creditors.\n\n\nLearn from history. Dont be stupid! Custody your own funds, but if you cant, then at least use real exchanges like coinbase that actually back assets 1:1. \n\nBinance is an insider trading (CFTC and SEC have lawsuits against them for this) bucketshop, likely on fractional reserves (they were caught already operating on fractional reserves by the US government and as a result BUSD was forced to shut down).\n\nSEC lawsuit: https://www.sec.gov/news/press-release/2023-101\n\nCFTC lawsuit: https://www.cftc.gov/PressRoom/PressReleases/8680-23\n\nNew York State Department of Financial Services (NYDFS) shuts down BUSD: https://www.dfs.ny.gov/consumers/alerts/Paxos_and_Binance\n\nEdit: They likely are relying on whales and market makers arbitraging their futures contracts to spot for some yield in compensation. But this is akin to lending on USTerra/Celsius/FTX/Coinflex, you get some pennies, but your entire capital can disappear.', '14m6es0'], ['u/Twoehy', 19, '2023-06-29 16:39', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jpzyhgm/', 'The secret ingredient is crime.', '14m6es0'], ['u/2q_x', 12, '2023-06-29 17:06', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq02lt5/', "Wash trading is the practice of one party trading with themselves. It is a form of self-dealing which is prohibited in some jurisdictions, but not others. \n\nReported volume on exchanges where wash trading is not prohibited means: nothing. \n\nWash trades do not provide any evidence for anything, except wash trading.\n\nIt's not evidence of manipulation. It's not evidence of fractional reserves. It's not evidence that the exchange has a good (or deep) market. \n\nWash volume means NOTHING. Period. They can essentially report any number they like. It could be a million customers or just the exchange themselves trading.", '14m6es0'], ['u/shadowmage666', 25, '2023-06-29 17:17', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq046hd/', 'Bots trading. The volume has nothing to do with the amount they hold. If you have ten apples and we trade one apple back and forth 100 times, does that mean we had 100 apples? No.', '14m6es0'], ['u/saylor_moon', 12, '2023-06-29 17:35', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq06zoa/', "Around 200K of the BCH in Binance cold storage apparently came from Coinloan. When the Coinloan bankruptcy gets resolved, that 200K BCH will probably all get sold or withdrawn at once.\n\nKnowing that a big withdrawal is coming, Binance has to hold on to that reserve, they can't risk shorting it or loaning it out.", '14m6es0'], ['u/MaxMoney2021', 13, '2023-06-29 18:01', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq0b4nb/', 'It’s like comparing apples 🍎 and oranges 🍊 \nBut just to be safe FUCK Binance 😁', '14m6es0'], ['u/ThatBCHGuy', 12, '2023-06-29 18:45', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq0i4tt/', "I personally use Gemini and haven't had any issues, but I only buy and withdraw as soon as the fiat clears. Treat those CEXs like toilets, get in do what you gotta do and get out.", '14m6es0']]], ['u/MrKetogen', 'Fahrenheit expects a 2.64X ROI. Ive lowered my expectation to 2X. Here’s what that looks like for me:', 41, '2023-06-29 19:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/14mabf6/fahrenheit_expects_a_264x_roi_ive_lowered_my/', '36.4% back now in USD + \n33.3% stock in NewCo +\nX% of litigation\n\n———\n\nIf NewCo value 2X in 5 years \n(20% AGR after mgmt fee) that doubles stock value\n\nAnd if litigation eventually distributes 4%\n\n———\n\n36.4% USD +\n66.6% stock +\n4% litigation\n\n———\n\n103% present value back in 5 years.\n\n*For accountability, I want to see an expectations framework published by Fahrenheit and listed in the operating plan that defines a “Point of Failure” with exit plan. Example: If operations are less than 20% AGR after management fees, in 2 years, BnKToTheFuture automatically manages a controlled (periodic distribution) liquidation at 90% lesser fee than BRIC, while staking part of the present assets to ward against inflation (during distribution).\n\nNote: BnkToTheFuture offered to manage liquidation (for free) over a year ago. Now, BRIC wants heavy fees while lawyers are bleeding us dry each month. \n\nI don’t have a sell, but if Earn tries to achieve perfection in a legal battle, lawyer fees will keep lowering our take home %. We cannot keep majoring in the minors. If we liquidate now, we become long-term losers. \n\nIf we take action now, execute the business model, expect returns by a certain timeline, and, as shareholders (no longer creditors), have a framework for accountabili... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDP grew faster than expected in the first quarter and initial jobless claims came in at less than expected. Also, asset manager Fidelity Investments on Thursday filed to offer a spot Bitcoin exchange-traded fund (ETF). All top 10 cryptos rise Bitcoin climbed 1.05% to US$30,453 over the last 24 hours to 6:40 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization is up 1.43% over the past seven days. Ether rose 1.28% to US$1,853, but is down 1.4% for the week. All top 10 non-stablecoin cryptocurrencies traded higher. Solana led the gains on a 12.35% jump and a 7.56% weekly gain. This despite the Thursday announcement from Cardinal, a Solana non-fungible token (NFT) protocol, that it will be winding down operations due to what it called a challenging macroeconomic environment. Cardinal tweeted on Thursday that the team will disable new deposit instructions on July 19 and cease operations on features including staking and new NFT rentals. Elsewhere, Fidelity has refiled an application for a spot Bitcoin ETF. The Thursday filing with the Securities and Exchange Commission (SEC) shows that the COBE exchange has proposed to list and trade shares of the Wise Origin Bitcoin Trust. The SEC rejected a Bitcoin ETF application from Fidelity in 2021. Fidelity\x92s move follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, including BlackRock , WisdomTree , Invesco and Bitwise, indicating institutions are confident in the profit potential of digital assets and demand. \x93To this point, the lack of a spot Bitcoin ETP exposes U.S. investor assets to significant risk because investors that would otherwise seek crypto asset exposure through a spot Bitcoin ETP are forced to find alternative exposure through generally riskier means,\x94 the Fidelity filing said. Story continues On Wednesday, investment management fund ARK Invest also filed an amendment to its April application for a spot Bitcoin ETF. The total cryptocurrency market cap rose 1.24% to US$1.17 trillion, with trading volume dropping 12.22% to US$29.96 billion, according to CoinMarketCap data. Long-term Azuki collectors sell out The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the NFT market, the Forkast 500 NFT index dipped 0.79% to 2,852.82 in the 24 hours to 10:00 a.m. in Hong Kong. The index is down 1.79% for the week. NFT trading volume on Ethereum dropped 19.79% to US$20.87 million over the past 24 hours, while volume on the Bitcoin network rose 357.82% to US$13.38 million, according to CryptoSlam data . Sales of Uncategorized Ordinals \x97 CryptoSlam\x92s category of Bitcoin Ordinals that are not part of one established collection \x97 rose 7.22% to US$9.25 million, making it the most-sold collection in the past day. Solana-based SMB Barrel Raffle , which started public minting on Thursday, saw the second-largest daily volume of US$5.1 million. Trading volume of Azuki Elementals dropped 46.5% to US$2.95 million, and the original Azuki collection saw a 7.76% drop to US$2.79 million. While the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were \x93angry\x94 as the new NFTs looked almost identical to the original Azuki collection, according to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That could potentially devalue the NFT collection as a whole, he said. \x93Tonight [on Thursday] the founder of Azuki, Zagabond, is meeting with the community to discuss the week\x92s mint, and likely address concerns,\x94 Petscher said. According to data analytics firm Nansen on Twitter on Thursday: \x93Azuki and Beanz collectors that have held for over 1 year have been selling their NFTs post-Elementals mint.\x94 Meanwhile, art auction house Sotheby\x92s plans to launch a new generative art program, or work generated from algorithms. That will be in partnership with Art Blocks , which powers generative minting technology to brands and artists, according to a Wednesday statement shared with Forkast via email. \x93This will allow generative art long form collections to be minted right on Sotheby\x92s own platform,\x94 Petscher said. \x93Generative art is really beginning to spread its wings following the sale of \x91The Goose\x92 \x97 The Ringers #879 \x97 for US$5.4 million (US$6.2 million with fees) on June 15.\x94 China\x92s economy contracts for third month A steel factory oin Nantong, Jiangsu Province of China. Image: Getty Images Asia equity markets were mixed on the last day of the quarter as investors assessed fresh economic data from the U.S. and China. U.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures climbed 0.08%, and Nasdaq Futures added 0.19%. U.S. economic growth expanded faster than estimated in the first quarter, according to official data released Thursday. In the first quarter, the country\x92s gross domestic product (GDP) rose by an annualized rate of 2%, up from the previously estimated 1.3%. The amount of initial jobless claims in the U.S. dropped by 26,000 to 239,000 for the week ended June 24, the largest decrease since October 2021. The robust economic showing in the U.S. wasn\x92t repeated in China, where the country\x92s manufacturing activity contracted in June for the third month, the National Bureau of Statistics said Friday. The official manufacturing purchasing managers\x92 index came in at 49.0 for the month, compared to 48.8 in May. A reading below 50 indicates contraction. Chinese Premier Li Qiang said on Tuesday that China was still on track to meet its 5% annual growth target. Investors, however, still need to contend with more interest rate hikes this year in the world\x92s biggest economy. U.S. Fed Chair Jerome Powell has repeatedly said the Fed may raise rates at the next two meetings and repeated that message at a central bank gathering in Portugal this week. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 86.8% chance for a 25-basis-point rate hike at the Fed\x92s next meeting on July 26. It predicts a 13.2% chance the Fed will leave rates unchanged. (Updates to add equities section.)', 'Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDPgrewfaster than expected in the first quarter and initialjobless claimscame in at less than expected. Also, asset manager Fidelity Investments on Thursdayfiledto offer a spot Bitcoin exchange-traded fund (ETF).\nBitcoin climbed 1.05% to US$30,453 over the last 24 hours to 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 1.43% over the past seven days.\nEther rose 1.28% to US$1,853, but is down 1.4% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher. Solana led the gains on a 12.35% jump and a 7.56% weekly gain. This despite the Thursday announcement from Cardinal, a Solana non-fungible token (NFT) protocol, that it will be winding down operations due to what it called a challenging macroeconomic environment.\nCardinaltweetedon Thursday that the team will disable new deposit instructions on July 19 and cease operations on features including staking and new NFT rentals.\nElsewhere, Fidelity has refiled an application for a spot Bitcoin ETF. The Thursdayfilingwith the Securities and Exchange Commission (SEC) shows that the COBE exchange hasproposedto list and trade shares of the Wise Origin Bitcoin Trust. The SEC rejected a Bitcoin ETF application from Fidelity in 2021.\nFidelity’s move follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential of digital assets and demand.\n“To this point, the lack of a spot Bitcoin ETP exposes U.S. investor assets to significant risk because investors that would otherwise seek crypto asset exposure through a spot Bitcoin ETP are forced to find alternative exposure through generally riskier means,” the Fidelity filing said.\nOn Wednesday, investment management fund ARK Invest alsofiledan amendment to its April application for a spot Bitcoin ETF.\nThe total cryptocurrency market cap rose 1.24% to US$1.17 trillion, with trading volume dropping 12.22% to US$29.96 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 10:00 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 19.79% to US$20.87 million over the past 24 hours, while volume on the Bitcoin network rose 357.82% to US$13.38 million, according to CryptoSlamdata.\nSales of Uncategorized Ordinals — CryptoSlam’s category of Bitcoin Ordinals that are not part of one established collection — rose 7.22% to US$9.25 million, making it the most-sold collection in the past day.\nSolana-basedSMB Barrel Raffle, which started public minting on Thursday, saw the second-largest daily volume of US$5.1 million.\nTrading volume of Azuki Elementals dropped 46.5% to US$2.95 million, and the original Azuki collection saw a 7.76% drop to US$2.79 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection, according to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That could potentially devalue the NFT collection as a whole, he said.\n“Tonight [on Thursday] the founder of Azuki, Zagabond, ismeetingwith the community to discuss the week’s mint, and likely address concerns,” Petscher said.\nAccording to data analytics firm Nansen onTwitteron Thursday: “Azuki andBeanzcollectors that have held for over 1 year have been selling their NFTs post-Elementals mint.”\nMeanwhile, art auction house Sotheby’s plans to launch a new generative art program, or work generated from algorithms. That will be in partnership withArt Blocks, which powers generative minting technology to brands and artists, according to a Wednesday statement shared with Forkast via email.\n“This will allow generative art long form collections to be minted right on Sotheby’s own platform,” Petscher said. “Generative art is really beginning to spread its wings following the sale of‘The Goose’— The Ringers #879 — for US$5.4 million (US$6.2 million with fees) on June 15.”\nAsia equity markets were mixed on the last day of the quarter as investors assessed fresh economic data from the U.S. and China.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures climbed 0.08%, and Nasdaq Futures added 0.19%.\nU.S. economic growthexpanded fasterthan estimated in the first quarter, according to official data released Thursday. In the first quarter, the country’s gross domestic product (GDP) rose by an annualized rate of 2%, up from the previously estimated 1.3%.\nThe amount of initial jobless claims in the U.S.droppedby 26,000 to 239,000 for the week ended June 24, the largest decrease since October 2021.\nThe robust economic showing in the U.S. wasn’t repeated in China, where the country’s manufacturing activity contracted in June for the third month, the National Bureau of StatisticssaidFriday. The official manufacturing purchasing managers’ index came in at 49.0 for the month, compared to 48.8 in May. A reading below 50 indicates contraction.\nChinese Premier Li Qiangsaidon Tuesday that China was still on track to meet its 5% annual growth target.\nInvestors, however, still need to contend with more interest rate hikes this year in the world’s biggest economy. U.S. Fed Chair Jerome Powell has repeatedlysaidthe Fed may raise rates at the next two meetings and repeated that message at a central bank gathering in Portugal this week.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 86.8% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26. It predicts a 13.2% chance the Fed will leave rates unchanged.\n(Updates to add equities section.)', 'Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDPgrewfaster than expected in the first quarter and initialjobless claimscame in at less than expected. Also, asset manager Fidelity Investments on Thursdayfiledto offer a spot Bitcoin exchange-traded fund (ETF).\nBitcoin climbed 1.05% to US$30,453 over the last 24 hours to 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 1.43% over the past seven days.\nEther rose 1.28% to US$1,853, but is down 1.4% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher. Solana led the gains on a 12.35% jump and a 7.56% weekly gain. This despite the Thursday announcement from Cardinal, a Solana non-fungible token (NFT) protocol, that it will be winding down operations due to what it called a challenging macroeconomic environment.\nCardinaltweetedon Thursday that the team will disable new deposit instructions on July 19 and cease operations on features including staking and new NFT rentals.\nElsewhere, Fidelity has refiled an application for a spot Bitcoin ETF. The Thursdayfilingwith the Securities and Exchange Commission (SEC) shows that the COBE exchange hasproposedto list and trade shares of the Wise Origin Bitcoin Trust. The SEC rejected a Bitcoin ETF application from Fidelity in 2021.\nFidelity’s move follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential of digital assets and demand.\n“To this point, the lack of a spot Bitcoin ETP exposes U.S. investor assets to significant risk because investors that would otherwise seek crypto asset exposure through a spot Bitcoin ETP are forced to find alternative exposure through generally riskier means,” the Fidelity filing said.\nOn Wednesday, investment management fund ARK Invest alsofiledan amendment to its April application for a spot Bitcoin ETF.\nThe total cryptocurrency market cap rose 1.24% to US$1.17 trillion, with trading volume dropping 12.22% to US$29.96 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 10:00 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 19.79% to US$20.87 million over the past 24 hours, while volume on the Bitcoin network rose 357.82% to US$13.38 million, according to CryptoSlamdata.\nSales of Uncategorized Ordinals — CryptoSlam’s category of Bitcoin Ordinals that are not part of one established collection — rose 7.22% to US$9.25 million, making it the most-sold collection in the past day.\nSolana-basedSMB Barrel Raffle, which started public minting on Thursday, saw the second-largest daily volume of US$5.1 million.\nTrading volume of Azuki Elementals dropped 46.5% to US$2.95 million, and the original Azuki collection saw a 7.76% drop to US$2.79 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection, according to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That could potentially devalue the NFT collection as a whole, he said.\n“Tonight [on Thursday] the founder of Azuki, Zagabond, ismeetingwith the community to discuss the week’s mint, and likely address concerns,” Petscher said.\nAccording to data analytics firm Nansen onTwitteron Thursday: “Azuki andBeanzcollectors that have held for over 1 year have been selling their NFTs post-Elementals mint.”\nMeanwhile, art auction house Sotheby’s plans to launch a new generative art program, or work generated from algorithms. That will be in partnership withArt Blocks, which powers generative minting technology to brands and artists, according to a Wednesday statement shared with Forkast via email.\n“This will allow generative art long form collections to be minted right on Sotheby’s own platform,” Petscher said. “Generative art is really beginning to spread its wings following the sale of‘The Goose’— The Ringers #879 — for US$5.4 million (US$6.2 million with fees) on June 15.”\nAsia equity markets were mixed on the last day of the quarter as investors assessed fresh economic data from the U.S. and China.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures climbed 0.08%, and Nasdaq Futures added 0.19%.\nU.S. economic growthexpanded fasterthan estimated in the first quarter, according to official data released Thursday. In the first quarter, the country’s gross domestic product (GDP) rose by an annualized rate of 2%, up from the previously estimated 1.3%.\nThe amount of initial jobless claims in the U.S.droppedby 26,000 to 239,000 for the week ended June 24, the largest decrease since October 2021.\nThe robust economic showing in the U.S. wasn’t repeated in China, where the country’s manufacturing activity contracted in June for the third month, the National Bureau of StatisticssaidFriday. The official manufacturing purchasing managers’ index came in at 49.0 for the month, compared to 48.8 in May. A reading below 50 indicates contraction.\nChinese Premier Li Qiangsaidon Tuesday that China was still on track to meet its 5% annual growth target.\nInvestors, however, still need to contend with more interest rate hikes this year in the world’s biggest economy. U.S. Fed Chair Jerome Powell has repeatedlysaidthe Fed may raise rates at the next two meetings and repeated that message at a central bank gathering in Portugal this week.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 86.8% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26. It predicts a 13.2% chance the Fed will leave rates unchanged.\n(Updates to add equities section.)', 'Good morning. Here’s what’s happening: Prices: Bitcoin\'s was holding firm to its perch comfortably above $30K. Other major cryptos were largely in the green. Insights: Bitcoin supply "last active" indicator reflects bullish sentiment about the asset. Prices CoinDesk Market Index (CMI) 1,227 +9.2 ▲ 0.8% Bitcoin (BTC) $30,389 +185.8 ▲ 0.6% Ethereum (ETH) $1,845 +7.3 ▲ 0.4% S&P 500 4,396.44 +19.6 ▲ 0.4% Gold $1,915 +3.0 ▲ 0.2% Nikkei 225 33,234.14 +40.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,227 +9.2 ▲ 0.8% Bitcoin (BTC) $30,389 +185.8 ▲ 0.6% Ethereum (ETH) $1,845 +7.3 ▲ 0.4% S&P 500 4,396.44 +19.6 ▲ 0.4% Gold $1,915 +3.0 ▲ 0.2% Nikkei 225 33,234.14 +40.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Brush-Off As Asia markets opened Friday (HKT), bitcoin was trading sideways, largely unmoved by news a few hours earlier that financial services giant Fidelity Investments was refiling an application for a spot bitcoin ETF or unexpectedly strong U.S. economic data. The largest cryptocurrency by market capitalization was recently trading at about $30,400, up 0.6% over the previous 24 hours. Fidelity joined Blackstone, Invesco and WisdomTree, who have filed spot BTC ETF applications with the SEC over the past two weeks. These initiatives have buoyed investors and sent crypto prices higher. “What’s striking to observe is how the digital asset industry continues to rebound from negative news," CJ Reim, co-founder and managing partner at venture capital firm Amity Ventures and a contributor to Core DAO, wrote in an email to CoinDesk. "Despite regulatory uncertainty in the US and notable failures like FTX, we are witnessing global competition for the nascent industry heating up, as well as increasing institutional demand as evidenced by BlackRock’s recent Bitcoin ETF application." Story continues Read More: U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises Ether, the second largest cypto in market value, was recently changing hands at $1,844, also roughly flat from Wednesday, same time. Other major cryptos were largely in the green with SOL, the token of the Solana smart contracts platform, recently soaring more than 14%. As CoinDesk reported Thursday, crypto traders on the Solana blockchain have been following the example of Ethereum’s “ Liquid staking token ” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields through an obtuse, re-leveraging process. The trend\'s emergence follows Drift Protocol ’s Tuesday release of a new service, known as “Super staking,” which packages the entire cycle into a one-click operation. The CoinDesk Market Index , a measure of crypto markets\' performance, was recently up 1.2%. U.S. equity markets largely shrugged off the positive economic data - a revised 2% increase in GDP and decline in weekly jobless claims – that suggested inflation would remain problematic and offered potential support for the Federal Reserve\'s plans to raise interest rates two more times in 2023. Such monetary hawkishness has repeatedly unsettled asset markets over the past year. At the Banco de Espana Fourth Conference on Financial Stability, Fed Chair Jerome Powell noted central bank uncertainty about the appropriate inflationary medicine in the months ahead, although he has suggested in recent weeks that the Fed would raise rates in upcoming months. “Nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a long way to go,” Powell said, adding: “We see the effects of our policy tightening on demand in the most interest rate–sensitive sectors of the economy, particularly housing and investment. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation.” In an email to CoinDesk, Akash Mahendra, director at Haven1 Foundation and portfolio manager at digital wealth platform Yield App, wrote that while the "bitcoin ETF frenzy" was "good news for bitcoin\'s price," the industry\'s success would also depend heavily on innovation. "Endorsement from large institutions is fantastic, and we do all hope that BlackRock’s ETF goes through – not least because rejection would be very, very bad for bitcoin," Mahendra wrote. "However, at its core, blockchain is really a place for innovation beyond what is available in the traditional finance sector." Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +14.8% Smart Contract Platform Gala GALA +3.9% Entertainment Avalanche AVAX +2.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −2.2% Smart Contract Platform Insights Bitcoin Investors Are Comfortable Holding Despite having a reputation for volatility, one bitcoin metric in particular has moved consistently higher, highlighting bitcoin investors’ confidence in the asset, not to mention their propensity to sit on their BTC holdings. Bitcoin supply last active – 2 years (Glassnode) Data from on-chain analytics firm Glassnode shows that bitcoin last active more than two years ago is at an all-time high, despite enduring a frigid bear market that took the price from a high near $70,000 in 2021 to about $16,000 at the start of 2023. Bitcoin is currently trading at about $30,000. Yet more than 55% of bitcoin circulating supply has not moved since 2021, and that percentage reflects a 10% decline over the period. Meanwhile, ConDesk\'s Bitcoin Trend Indicator, another measure of investor sentiment has risen into significant upturn category after spending much of the past few weeks pointed downward. A decline in supply last active would indicate a fundamental shift in investor views towards the asset. So far, investors seem willing to accumulate and hold. Important events. Blockchance 23 (Hamburg, Germany) EU Leaders Summit 9 a.m. HKT/SGT(1 a.m. UTC): China NBS Manufacturing PMI (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Responds to the SEC’s Lawsuit; Unpacking the Bitcoin Cash Rally Coinbase claimed the SEC reached beyond its jurisdiction and violated due process requirements.\xa0This comes as bitcoin cash touched a one-year high earlier this week. Ryan Grace from\xa0tastycrypto shared his crypto markets analysis. Plus, Damus founder Will Casarin\xa0discussed the Bitcoin-friendly social media app\'s recent battle with Apple. And, Six Clovers Co-founder and CEO Jim Nguyen\xa0weighed in on the future of crypto cross-border payments. Headlines Fidelity Refiles for Spot Bitcoin ETF: The refiling for the asset manager\'s previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF. Liquid Staking Frenzy Spreads to Solana as Drift\'s \'Super Stake\' Offers One-Click Leverage: Drift Protocol’s “Super Stake” is a hit among traders trying to get extra yield on their staked SOL tokens. SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response: Coinbase filed an answer to the SEC\'s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction. Lacoste Expands Its NFT Ecosystem With New Rewards: The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations." Apparently It\'s Very Difficult to Custody Crypto: Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry\'s shady mainstream reputation. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy .', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin\'s was holding firm to its perch comfortably above $30K. Other major cryptos were largely in the green.\nInsights:Bitcoin supply "last active" indicator reflects bullish sentiment about the asset.\nCoinDesk Market Index (CMI)\n1,227\n+9.2▲0.8%\nBitcoin (BTC)\n$30,389\n+185.8▲0.6%\nEthereum (ETH)\n$1,845\n+7.3▲0.4%\nS&P 500\n4,396.44\n+19.6▲0.4%\nGold\n$1,915\n+3.0▲0.2%\nNikkei 225\n33,234.14\n+40.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,227", "+9.2\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,389", "+185.8\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+7.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,396.44", "+19.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,915", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,234.14", "+40.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Brush-Off\nAs Asia markets opened Friday (HKT), bitcoin was trading sideways, largely unmoved by news a few hours earlier that financial services giant Fidelity Investments was refiling an application for a spot bitcoin ETF or unexpectedly strong U.S. economic data.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,400, up 0.6% over the previous 24 hours.\nFidelity joined Blackstone, Invesco and WisdomTree, who have filed spot BTC ETF applications with the SEC over the past two weeks. These initiatives have buoyed investors and sent crypto prices higher.\n“What’s striking to observe is how the digital asset industry continues to rebound from negative news," CJ Reim, co-founder and managing partner at venture capital firm Amity Ventures and a contributor to Core DAO, wrote in an email to CoinDesk. "Despite regulatory uncertainty in the US and notable failures like FTX, we are witnessing global competition for the nascent industry heating up, as well as increasing institutional demand as evidenced by BlackRock’s recent Bitcoin ETF application."\nRead More:U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises\nEther, the second largest cypto in market value, was recently changing hands at $1,844, also roughly flat from Wednesday, same time. Other major cryptos were largely in the green with SOL, the token of the Solana smart contracts platform, recently soaring more than 14%.\nAs CoinDeskreportedThursday, crypto traders on the Solana blockchain have been following the example of Ethereum’s “Liquid staking token” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields through an obtuse, re-leveraging process. The trend\'s emergence followsDrift Protocol’s Tuesday release of a new service, known as “Super staking,” which packages the entire cycle into a one-click operation.\nTheCoinDesk Market Index, a measure of crypto markets\' performance, was recently up 1.2%.\nU.S. equity markets largely shrugged off the positive economic data - a revised 2% increase in GDP and decline in weekly jobless claims – that suggested inflation would remain problematic and offered potential support for the Federal Reserve\'s plans to raise interest rates two more times in 2023. Such monetary hawkishness has repeatedly unsettled asset markets over the past year.\nAt the Banco de Espana Fourth Conference on Financial Stability, Fed Chair Jerome Powellnotedcentral bank uncertainty about the appropriate inflationary medicine in the months ahead, although he has suggested in recent weeks that the Fed would raise rates in upcoming months.\n“Nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a long way to go,” Powell said, adding: “We see the effects of our policy tightening on demand in the most interest rate–sensitive sectors of the economy, particularly housing and investment. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation.”\nIn an email to CoinDesk, Akash Mahendra, director at Haven1 Foundation and portfolio manager at digital wealth platform Yield App, wrote that while the "bitcoin ETF frenzy" was "good news for bitcoin\'s price," the industry\'s success would also depend heavily on innovation.\n"Endorsement from large institutions is fantastic, and we do all hope that BlackRock’s ETF goes through – not least because rejection would be very, very bad for bitcoin," Mahendra wrote. "However, at its core, blockchain is really a place for innovation beyond what is available in the traditional finance sector."\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+14.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.9%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Investors Are Comfortable Holding\nDespite having a reputation for volatility, one bitcoin metric in particular has moved consistently higher, highlighting bitcoin investors’ confidence in the asset, not to mention their propensity to sit on their BTC holdings.\nData from on-chain analytics firmGlassnodeshows that bitcoin last active more than two years ago is at an all-time high, despite enduring a frigid bear market that took the price from a high near $70,000 in 2021 to about $16,000 at the start of 2023. Bitcoin is currently trading at about $30,000.\nYet more than 55% of bitcoin circulating supply has not moved since 2021, and that percentage reflects a 10% decline over the period. Meanwhile, ConDesk\'s Bitcoin Trend Indicator, another measure of investor sentiment has risen into significant upturn category after spending much of the past few weeks pointed downward.\nA decline in supply last active would indicate a fundamental shift in investor views towards the asset.\nSo far, investors seem willing to accumulate and hold.\nBlockchance 23(Hamburg, Germany)\nEU Leaders Summit\n9 a.m. HKT/SGT(1 a.m. UTC):China NBS Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Responds to the SEC’s Lawsuit; Unpacking the Bitcoin Cash Rally\nCoinbase claimed the SEC reached beyond its jurisdiction and violated due process requirements.\xa0This comes as bitcoin cash touched a one-year high earlier this week. Ryan Grace from\xa0tastycrypto shared his crypto markets analysis. Plus, Damus founder Will Casarin\xa0discussed the Bitcoin-friendly social media app\'s recent battle with Apple. And, Six Clovers Co-founder and CEO Jim Nguyen\xa0weighed in on the future of crypto cross-border payments.\nFidelity Refiles for Spot Bitcoin ETF:The refiling for the asset manager\'s previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF.\nLiquid Staking Frenzy Spreads to Solana as Drift\'s \'Super Stake\' Offers One-Click Leverage:Drift Protocol’s “Super Stake” is a hit among traders trying to get extra yield on their staked SOL tokens.\nSEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response:Coinbase filed an answer to the SEC\'s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction.\nLacoste Expands Its NFT Ecosystem With New Rewards:The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."\nApparently It\'s Very Difficult to Custody Crypto:Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry\'s shady mainstream reputation.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin\'s was holding firm to its perch comfortably above $30K. Other major cryptos were largely in the green.\nInsights:Bitcoin supply "last active" indicator reflects bullish sentiment about the asset.\nCoinDesk Market Index (CMI)\n1,227\n+9.2▲0.8%\nBitcoin (BTC)\n$30,389\n+185.8▲0.6%\nEthereum (ETH)\n$1,845\n+7.3▲0.4%\nS&P 500\n4,396.44\n+19.6▲0.4%\nGold\n$1,915\n+3.0▲0.2%\nNikkei 225\n33,234.14\n+40.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,227", "+9.2\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,389", "+185.8\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+7.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,396.44", "+19.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,915", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,234.14", "+40.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Brush-Off\nAs Asia markets opened Friday (HKT), bitcoin was trading sideways, largely unmoved by news a few hours earlier that financial services giant Fidelity Investments was refiling an application for a spot bitcoin ETF or unexpectedly strong U.S. economic data.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,400, up 0.6% over the previous 24 hours.\nFidelity joined Blackstone, Invesco and WisdomTree, who have filed spot BTC ETF applications with the SEC over the past two weeks. These initiatives have buoyed investors and sent crypto prices higher.\n“What’s striking to observe is how the digital asset industry continues to rebound from negative news," CJ Reim, co-founder and managing partner at venture capital firm Amity Ventures and a contributor to Core DAO, wrote in an email to CoinDesk. "Despite regulatory uncertainty in the US and notable failures like FTX, we are witnessing global competition for the nascent industry heating up, as well as increasing institutional demand as evidenced by BlackRock’s recent Bitcoin ETF application."\nRead More:U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises\nEther, the second largest cypto in market value, was recently changing hands at $1,844, also roughly flat from Wednesday, same time. Other major cryptos were largely in the green with SOL, the token of the Solana smart contracts platform, recently soaring more than 14%.\nAs CoinDeskreportedThursday, crypto traders on the Solana blockchain have been following the example of Ethereum’s “Liquid staking token” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields through an obtuse, re-leveraging process. The trend\'s emergence followsDrift Protocol’s Tuesday release of a new service, known as “Super staking,” which packages the entire cycle into a one-click operation.\nTheCoinDesk Market Index, a measure of crypto markets\' performance, was recently up 1.2%.\nU.S. equity markets largely shrugged off the positive economic data - a revised 2% increase in GDP and decline in weekly jobless claims – that suggested inflation would remain problematic and offered potential support for the Federal Reserve\'s plans to raise interest rates two more times in 2023. Such monetary hawkishness has repeatedly unsettled asset markets over the past year.\nAt the Banco de Espana Fourth Conference on Financial Stability, Fed Chair Jerome Powellnotedcentral bank uncertainty about the appropriate inflationary medicine in the months ahead, although he has suggested in recent weeks that the Fed would raise rates in upcoming months.\n“Nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a long way to go,” Powell said, adding: “We see the effects of our policy tightening on demand in the most interest rate–sensitive sectors of the economy, particularly housing and investment. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation.”\nIn an email to CoinDesk, Akash Mahendra, director at Haven1 Foundation and portfolio manager at digital wealth platform Yield App, wrote that while the "bitcoin ETF frenzy" was "good news for bitcoin\'s price," the industry\'s success would also depend heavily on innovation.\n"Endorsement from large institutions is fantastic, and we do all hope that BlackRock’s ETF goes through – not least because rejection would be very, very bad for bitcoin," Mahendra wrote. "However, at its core, blockchain is really a place for innovation beyond what is available in the traditional finance sector."\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+14.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.9%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Investors Are Comfortable Holding\nDespite having a reputation for volatility, one bitcoin metric in particular has moved consistently higher, highlighting bitcoin investors’ confidence in the asset, not to mention their propensity to sit on their BTC holdings.\nData from on-chain analytics firmGlassnodeshows that bitcoin last active more than two years ago is at an all-time high, despite enduring a frigid bear market that took the price from a high near $70,000 in 2021 to about $16,000 at the start of 2023. Bitcoin is currently trading at about $30,000.\nYet more than 55% of bitcoin circulating supply has not moved since 2021, and that percentage reflects a 10% decline over the period. Meanwhile, ConDesk\'s Bitcoin Trend Indicator, another measure of investor sentiment has risen into significant upturn category after spending much of the past few weeks pointed downward.\nA decline in supply last active would indicate a fundamental shift in investor views towards the asset.\nSo far, investors seem willing to accumulate and hold.\nBlockchance 23(Hamburg, Germany)\nEU Leaders Summit\n9 a.m. HKT/SGT(1 a.m. UTC):China NBS Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Responds to the SEC’s Lawsuit; Unpacking the Bitcoin Cash Rally\nCoinbase claimed the SEC reached beyond its jurisdiction and violated due process requirements.\xa0This comes as bitcoin cash touched a one-year high earlier this week. Ryan Grace from\xa0tastycrypto shared his crypto markets analysis. Plus, Damus founder Will Casarin\xa0discussed the Bitcoin-friendly social media app\'s recent battle with Apple. And, Six Clovers Co-founder and CEO Jim Nguyen\xa0weighed in on the future of crypto cross-border payments.\nFidelity Refiles for Spot Bitcoin ETF:The refiling for the asset manager\'s previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF.\nLiquid Staking Frenzy Spreads to Solana as Drift\'s \'Super Stake\' Offers One-Click Leverage:Drift Protocol’s “Super Stake” is a hit among traders trying to get extra yield on their staked SOL tokens.\nSEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response:Coinbase filed an answer to the SEC\'s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction.\nLacoste Expands Its NFT Ecosystem With New Rewards:The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."\nApparently It\'s Very Difficult to Custody Crypto:Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry\'s shady mainstream reputation.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Fidelity Refiles For Spot Bitcoin ETF, Says ETF Would Have Protected Investors Fidelity Refiles For Spot Bitcoin ETF Fidelity, the investment management company with $4.5 trillion in assets under management, has submitted paperwork for the Wise Origin Bitcoin Trust, a spot Bitcoin ETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust. The US Securities and Exchange Commission (SEC) had earlier denied Fidelity\'s application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications since BlackRock\'s spot ETF filing on June 15, while Ark Invest has modified its prior filing and is in front of the pack. Fidelity\'s paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation. Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data, BTC remains around the $30.5K level after the news.', 'Fidelity, the investment management company with $4.5 trillion in assets under management, hassubmitted paperworkfor the Wise Origin Bitcoin Trust, a spotBitcoinETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust.\nThe US Securities and Exchange Commission (SEC) had earlier denied Fidelity\'s application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications sinceBlackRock\'s spot ETF filingon June 15,while Ark Investhas modified its prior filing and is in front of the pack.\nFidelity\'s paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation.\nFidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors."\nThe SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,BTCremains around the $30.5K level after the news.', 'Fidelity, the investment management company with $4.5 trillion in assets under management, hassubmitted paperworkfor the Wise Origin Bitcoin Trust, a spotBitcoinETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust.\nThe US Securities and Exchange Commission (SEC) had earlier denied Fidelity\'s application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications sinceBlackRock\'s spot ETF filingon June 15,while Ark Investhas modified its prior filing and is in front of the pack.\nFidelity\'s paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation.\nFidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors."\nThe SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,BTCremains around the $30.5K level after the news.', "BAHAMAS, June 29, 2023 (GLOBE NEWSWIRE) --OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of June 30, 2023.\nOKX Adds SOL and APT to its Dual Investment Structured Product\nOKX is proud to announce that it has introduced two new additions to itsDual Investmentproduct: SOL and APT. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options. OKX also recently introduced SUI and CFX to its Dual Investment ecosystem.\nDual Investment is an advanced product that allows users to maximize their profits* by choosing a major crypto pair to trade, such as BTC - USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies - depending on their target price.\nFor details on how to subscribe to Dual Investment products on OKX web and mobile,click here.\nSOL is the native cryptocurrency ofSolana, a blockchain platform known for its speed and efficiency.\nAPT is the native cryptocurrency that fuels Aptos, a Layer-1 blockchain that was developed byAptos Labs.\nNote: Returns are not guaranteed and may change without notice.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nOKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.\nAs a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.\nBeyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.\nOKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nTHIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGR Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $596,194,445,362 - Hash Rate: 397786579.2301125 - Transaction Count: 445197.0 - Unique Addresses: 753791.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Digital payments firmStrikehas established a new headquarters in El Salvador for its international entity that could serve as a beachhead as itexpands to more than 65 countries. But Strike says its primary headquarters is still in Chicago, despite regulatory uncertainty that hascaused other crypto companies like Bittrexto exit the U.S. market. Strike has a U.S. entity that oversees operations in the domestic market, as well as the El Salvador-based entity to oversee global operations. Strike CEO Jack Mallers announced the El Salvador headquarters during his keynote speech at the Bitcoin 2023 conference in Miami Beach, Florida, last week. During his speech at the conference, Mallers juxtaposed the Bitcoin-friendly environment in El Salvador with what he described as a climate of regulatory uncertainty in the U.S. “We're living in a country right now where the SEC is fighting with Brian Armstrong,” Mallers said – likely referencingthe Wells notice Coinbase received in Marchfrom the Securities and Exchange Commission (SEC). “And we're going global, headquartered out of El Salvador. It's really fcking awesome, it's really a beautiful thing.” Armstrong, CEO of cryptocurrency exchange Coinbase,recently statedthat his firm would consider moving out of the U.S. if the regulatory uncertainty persists. It’s unclear if Strike would do the same.... - Reddit Posts (Sample): [['u/Ging9tailedjecht', 'Have been skeptical about people saying they pulled a badass card on their first box. But I literally just witnessed my friend open his very 1st box of 3 that he bought from Gamestop and this man pulls the 01/25 Ruby Bitcoin!!! I jumped outta my chair and ran to my house to give him a magnetic case!', 68, '2023-06-30 00:17', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/', 'Absolutely insane! He also pulled a MR7 Holofoil from the same box different pack!!', 'https://www.reddit.com/gallery/14mibir', '14mibir', [['u/-Squidster-', 18, '2023-06-30 00:22', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq1yvrl/', 'That card looks so good. I mean, I know everyone loves the 1As but 1 where the WHOLE card changes color looks SO much better in my opinion then all silver/chrome face.', '14mibir'], ['u/LazyMarine78', 14, '2023-06-30 00:33', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq20esm/', "I'll give him tree fiddy.", '14mibir'], ['u/-Squidster-', 10, '2023-06-30 00:38', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq213up/', 'That username though….', '14mibir'], ['u/Ging9tailedjecht', 10, '2023-06-30 01:25', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq27ks2/', 'Worthless? Lmfao!!!', '14mibir']]], ['u/butterfly-garden', 'My Mommy is a cloaca and my heart is broken', 294, '2023-06-30 01:40', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/', "Is William da Tuxie. sniff* Today, Mommy putted her black sneakers on. I know what dat means, Mommy is going for her walk. I wasn't worried acause she always does this and she always comes back. \n\nSo, she came home. While she was taking her shoes off, I runned up to her for my welcome home scritch, and dat's when my world fell apart. Mommy smelled like dog. Dog! sob\n\nShe told me dat she din't do nuffin', dat da dog was walking wif her daddy and came up to my Mommy. I want to believe her, but her hands AND her shoes smelled like dog. sob\n\nSo, my question is dis: WIBTC if I took my brudder Martin and left? I'm willing to risk the tixenfleece and preddors to find a better home.", 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/', '14mkacc', [['u/teapotoccamy', 127, '2023-06-30 01:54', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2bgu3/', "NTC! I tuxie too! (Parsley) \n\nMy mom do dis and it's betray! Aboose! Gotta throw the whole mom in da rain room as punishments. No more snuggies till proper snack apology", '14mkacc'], ['u/Gracelandrocks', 174, '2023-06-30 02:01', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2cfqb/', "OMG, OP, you absolute MONSTER! How could you do such a thing to poor sweet little William! Just look at his wee face, he's shattered! \n\nPS: Carry a small pack of scented wet wipes with you next time so you can indulge your evil random pet petting habits but avoid breaking this gorgeous little man's heart!", '14mkacc'], ['u/WildColonialGirl', 109, '2023-06-30 02:07', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2d8up/', 'Aww, poor William and Martin. NTC but leaving is pretty drastic. Better to punish Mommy by puking where she can step in it, singing the song of your people late at night, and begging for and stealing food. We did all of the above when our moms brought dogs home. We tolerate the dog now but every so often we remind our moms that we were here first. ❤️ Sam and Mouse', '14mkacc'], ['u/PorkrindsMcSnacky', 59, '2023-06-30 02:26', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2fqal/', 'Hey, at least you don’t have to LIVE with one. My mom actually BROUGHT a dog to live with us! Her smell is EVERYWHERE. It’s so gross. Her smell is sometimes even on ME! And no matter how much I lick myself clean, I can still smell her! I wanna puke. In fact, I’m gonna do so right after I write this. \n\nPS: NTC but SHAME SHAME on your mom for bringing dog smell to your house!\n\n-Loki, 13M gray tabby', '14mkacc'], ['u/Macropixi', 47, '2023-06-30 02:28', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2g1dd/', 'When momma smells wike udder nanimals I make stinky sniffy face with lip curl, Den I wefuse! Absowootly wefuse to let momma pet me while she smells wike dat! I don’t eben stick butt in face. Just ignore compwetely!', '14mkacc'], ['u/Sunshine030209', 36, '2023-06-30 02:34', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2gq5z/', 'Floof, 7 year old fluffy tuxedo girl here. \n\nI can not believe the audacity of your mommy! She could have crossed the street when that dog was coming her way. She could have yelled "Ewww! A dog!" And ran away when the icky dog came towards her. So many options!\n\nBut she went ahead and PETTED the stinky thing?! Is she crazy?! \n\nYou might want to get your mommy tested, sounds like she might have that tragic affliction that makes humans want to touch dogs.\n\nMy own humans have fallen victim recently. My daddy\'s mom and dad got a new puppy. They visit it EVERY WEEKEND! They spend ALL of the money that should go to my kibbles and treats on toys and treats for that stinky mutt! Their phones are filled with pictures of that dumb lil pooch, leaving NO room for more pictures of me.\n\nIt\'s tragic.\n\nYou should look into taking your mommy to the human pokey place, see if they will give her shots to get rid of her desire to touch dogs.', '14mkacc'], ['u/Sunshine030209', 34, '2023-06-30 02:36', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2gz2m/', "This is my glorious self, doing a very good grumpy face. I'm sure I was thinking about that puppy when it was taken\n\nhttps://preview.redd.it/m9p6vokiw19b1.jpeg?width=2250&format=pjpg&auto=webp&v=enabled&s=c06d4420152148a4bae94e62a343cea28591e514", '14mkacc'], ['u/Sunshine030209', 31, '2023-06-30 02:37', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2h2g5/', "And this is the little idiot puppy my human slaves are obsessed with. I don't see the appeal myself\n\nhttps://preview.redd.it/7uqoq2hnw19b1.jpeg?width=1534&format=pjpg&auto=webp&v=enabled&s=4e608e13e8af32e419d763232250b480b7f3f7c8", '14mkacc'], ['u/im_always', 24, '2023-06-30 02:58', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2jv4b/', 'this breaks my heart.', '14mkacc'], ['u/LotusGrowsFromMud', 27, '2023-06-30 02:59', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2jzbn/', 'It is I, Queen Susan. Sometimes my Favorite Human pets other animals. But I know that she doesn’t care about them at all. She just pets them because she knows that I like to have new scents to decipher. It is all about making ME happy. Maybe your human is doing this, too, but you had a miscommunication?', '14mkacc'], ['u/FatDesdemona', 26, '2023-06-30 03:09', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2l69b/', "Aim your puke well, Loki! Shoes are great, but I'm sure you'll find an appropriate spot.", '14mkacc'], ['u/ThaneOfCawdorrr', 60, '2023-06-30 03:20', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2mmp6/', 'Ohhhh William, LOOK AT YOUR BROKEN HEARTED FAC! How COULD your mommthur be so wicccked! WHen she saw a dogg, she KNEOUGHS what to do: pin her ears back, hiss-hiss, mak sure the dogg kneoguhs he is NOT WELLCOME!!! NO! NO DOGGS! OHhhh the purrfidy. The betttrayall. The treachhhhury. I hop she can make it up to you with LOTS of tretes and many cuddels and pettungs, and allowing you on the counter. It is only rigt.', '14mkacc'], ['u/butterfly-garden', 81, '2023-06-30 03:21', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2mnlv/', 'It IS betray! So much betray! And...and she owes me BIG snack. Lots of snacks. I go tell her now!', '14mkacc'], ['u/ElizAnd2Cats', 13, '2023-06-30 03:21', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2moc7/', 'Poor sweet William! NTC, obviously.', '14mkacc'], ['u/delta-TL', 23, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n671/', 'Yes, I Cassidy, Princess Fuzzy Pants, smol brown tabby extraordinaire, like to get smell mail from my momther. I snifs it up, then cover it with my own smell by pressy-facing her fingers.', '14mkacc'], ['u/CZ1988_', 40, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n6g6/', 'Yes get big snack. Poor William', '14mkacc'], ['u/butterfly-garden', 126, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n6qk/', 'Mommy here. Scented wet wipes is not a bad idea, lol. Little Raquel is a miniature dachshund who thinks EVERYONE is her friend, lol. I guess I need to get in the habit of cleaning myself up. William looked so betrayed. 😿 I felt awful!', '14mkacc'], ['u/lizbo', 19, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n8xv/', 'Old Man Bubs here, Handsomest Cat. Oh young buck I’m sorry for your troubles. It’s good you have a brudder to commiserate with. Running away may be a little extreme. Why not give stink-eyes and cold shoulder? It’s just as satisfying and you still have comforts of home', '14mkacc'], ['u/butterfly-garden', 55, '2023-06-30 03:26', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2nci8/', 'Puke! Great idea! Tanks, Fren! Be right back.', '14mkacc'], ['u/butterfly-garden', 42, '2023-06-30 03:29', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2npyg/', 'Oh my Dod, Loki! Your mom brought a dog into YOUR home? What a betray! Aim for da shoes or da pillows wif da puke.', '14mkacc'], ['u/1quincytoo', 19, '2023-06-30 03:30', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ntyi/', 'William and Martin deserves soooo many toona and much wo. Wor worsh……. Lots of extra treats and cuddles \n\nCall it bribes whatever your hoomom has whole of pawsplaining to do \n\nShe should have ran off the second sloppy dawg saw her not stay for da sloppy puppy kisses and bet she gave dawg cuddles and told him good boy but she clearly did not \n\nShe should have ran away ( she did have sneakers on so I rest my case) \n\nBTW Willy you are gorgeous', '14mkacc'], ['u/butterfly-garden', 33, '2023-06-30 03:32', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2o02h/', "I been ignoring her all evening. I din't even share blankie wif her. But now it's snack time, so I'm going to sing da song of our people. Den, I'm going to do da ignore again.", '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:34', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2oavf/', "Dey spending time wif da dog and not your magnificent self? Dat's so sad! You 'serve better!", '14mkacc'], ['u/butterfly-garden', 15, '2023-06-30 03:35', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ofnf/', "Tank you, Fren! It's such a sad situation.", '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:38', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2otru/', "You tink so? Mommy keeps saying that she wubs me, but now I'm confoozed. But you is Queen, so you is smart. Maybe I gib Mommy da benefit of da doubt.", '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:40', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2oz6o/', "Dat's inneresting. Maybe dat's what's going on wif Mommy.", '14mkacc'], ['u/butterfly-garden', 43, '2023-06-30 03:42', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2pcek/', "Tank you, Fren! You right! I 'serve treats RIGHT ON DA COUNTER!!! I go make my demands.", '14mkacc'], ['u/butterfly-garden', 12, '2023-06-30 03:43', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2pgnl/', 'Awwww! Tank you, Fren!', '14mkacc'], ['u/butterfly-garden', 13, '2023-06-30 03:48', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2q1vu/', "You right, Old Man Bubs, I still have all my comforts here. My litter box, my toys, my beds. You right. I just do da big ignore. Mommy 'serves dat.", '14mkacc'], ['u/Fr0hd3ric', 63, '2023-06-30 03:49', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2q2sk/', 'Maybe do the hork-hork inside the black sneakers?', '14mkacc'], ['u/delta-TL', 19, '2023-06-30 03:49', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2q352/', 'See, I can sniffs the naybors from the window of my Palace, but I needs to know what is going on wif my subjects. And give orders! Dats how you run a oderly estate', '14mkacc'], ['u/butterfly-garden', 13, '2023-06-30 03:52', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2qgey/', 'Awwww, shucks! Tank you for compliment! You right, Mommy should have runned away from da dog, not give her scritches. She owes Martin and me ALL da treats!!!', '14mkacc'], ['u/butterfly-garden', 41, '2023-06-30 03:53', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ql57/', 'I like da way you tink!!!', '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:54', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2qpc4/', 'You run a tight ship!', '14mkacc'], ['u/Fr0hd3ric', 16, '2023-06-30 03:55', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2qwvc/', "Well, the puppy is at least black and white, perhaps they're trying to pretend it's a tux kitty.\nMaybe couldn't afford the real thing? Once the novelty wears off, your parents will be groveling at your feet. Stay strong and noble!", '14mkacc'], ['u/maxthecat5905', 15, '2023-06-30 03:58', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2r8eb/', 'Max (2M Russian Blue) here.\n\nhttps://preview.redd.it/cw5h17v0b29b1.jpeg?width=3024&format=pjpg&auto=webp&v=enabled&s=8a4c4bd7b8b39aa637306273c22389ef82c4adf4\n\nNTC for being sad and mad at mom but you would be TC for leaving because then you would get hit by the big metal things and mom would be very sad.', '14mkacc'], ['u/butterfly-garden', 10, '2023-06-30 04:03', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2runu/', 'Ooo, Max, you is handsome boy! I tink you right about dose big metal tings. Dey is scary. Dey take me to pokey place. And dey make too much noises. I no like dem at all.', '14mkacc'], ['u/saltedkumihimo', 10, '2023-06-30 04:05', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2s3q6/', 'Aw, William. You are NTC. Da Lady comes home very late once a week and not only does she smell like a dog, there is CAT fur on her. She says they are frend pets, but I don’t believe. When Da Lady smells of them, I make circles around her until she goes to the water spray.', '14mkacc'], ['u/Macropixi', 22, '2023-06-30 04:06', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2s7t2/', 'Yes, sing songs of people to get the food… gooshy food is best. Den ignore again. Until momma asleep… den stick butt in face, and screm for a-ten-shun. Momma says dat I cloaca for demanding a-ten-shun at stupid-o-clock.', '14mkacc'], ['u/maxthecat5905', 11, '2023-06-30 04:11', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2svww/', 'One time 1000 years ago when the outsides was cold and wet. I, Max went outside to discover the world outside my house and almost got hit by one, thankfully I fled under the deck where I outlasted them until my Grandpaw let me back inside after the big warm yellow outside ball came back up. I was noy even fazed a little bit. Dad said I was the toughest kitty he knew.', '14mkacc'], ['u/WildColonialGirl', 36, '2023-06-30 04:18', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2tmfl/', 'Pet wipes are a very nice thing to have. Deuce has allergies and Mouse sometimes has trouble cleaning her rear end. I get mine from Chewy but pet stores have them too. Fragrance free baby wipes will do in a pinch.', '14mkacc'], ['u/PrincessWolfie1331', 11, '2023-06-30 04:21', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2u2ux/', 'Otto (4M, King Doggo) here. I meen, slite YTC. Doggos r pawesome! I nos wat u meen about sharing doh. I hate sharing mi pawrents wid udder animals.\n\nBut doggos r frens.', '14mkacc'], ['u/HappyBreadBaker', 15, '2023-06-30 04:24', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ug3h/', 'My dear William. This is a very serious matter. I believe you should take it up with r/legalcatadvice to discuss your options. Sincerely, Klinger\n\nhttps://preview.redd.it/57heryyuf29b1.jpeg?width=4032&format=pjpg&auto=webp&v=enabled&s=a6e90ff6108512258066bc0a9d3d641d8a2bafb5', '14mkacc'], ['u/KittyChimera', 10, '2023-06-30 05:00', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2yppx/', "You are obviously not the cloaca, obviously you mommy is! I (Batty, five, cat) feel your pain. The other day my momther came home and wanted hugs from me and said I was the best boy but she smelled like SOME STRANGER and had other gray furs on her shirt. I am momther's gray baby! She said the gray furs were from my sister Pickle and my bye oh logical mom Mustache, but that's dumb. And the stranger smell was from their new foster brother Possum but I don't remember telling momther to cuddle with some rando!", '14mkacc'], ['u/PorkrindsMcSnacky', 19, '2023-06-30 05:13', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq30712/', 'I know, right? I thought we were best friends! But now wherever I turn, that BIG DUMB DOG is sitting next to her. Just letting mom pet her as long as she wants without biting or swiping at her. She even lets her rub her belly! Ugh. Dogs have no shame. \n\nAs for the barfing, my favorite spot to puke is somewhere dark, like that small room with all the clothes. It can take DAYS before she finds it!', '14mkacc'], ['u/PorkrindsMcSnacky', 19, '2023-06-30 05:22', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq318e9/', 'Sadly, mom puts her shoes in places I can’t reach so I can’t do that. Buuuuuut I can be creative. Once I barfed on one of those fuzzy flat things on the floor with the pretty colors on it. She couldn’t tell it was there until she stepped on it with bare feet! I am so clever.', '14mkacc'], ['u/CyberMaddie', 22, '2023-06-30 05:32', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq32ef5/', 'Poor baby. Definitely get the scented wet wipes. I adore tuxedos. They have such a personality and their expressions are phenomenal.', '14mkacc'], ['u/Ok_Cauliflower_3007', 15, '2023-06-30 05:51', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq34h6h/', 'I recommend cheeky panda sustainable wipes (I always have a pack in my bag). Water and a natural scent are all that’s in them so they’re safe around anyone (unless they have a rose or coconut allergy I guess, those are the scents). I use them in the heat too because they really cool your face and wrists down - of course that is in UK heat. As I told one of my close friends when I recommended them to her I make no guarantee they stay cool in Texas heat. Available on Amazon. I swear I’m not getting a commission lol.', '14mkacc'], ['u/butterfly-garden', 16, '2023-06-30 05:53', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq34ojb/', "Your momma should be grateful dat you're allowing her to scritch you!", '14mkacc'], ['u/butterfly-garden', 33, '2023-06-30 05:59', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35a0c/', 'Chewy and I have a very close personal relationship.', '14mkacc'], ['u/Affectionate_Staff46', 15, '2023-06-30 05:59', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35avb/', "Awwwww! How coulds mama! You and brother can comes to us! We is bestest and bootifullest doggigirlsies in all of Texas. That's what mama say. Mama and Daddy is going to loves and cuddles us all the same.\n\nhttps://preview.redd.it/a8buoalqw29b1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=3bf2651edaa23860862572544f8e9f7b3e206c52\n\nAlexis and Kajsa", '14mkacc'], ['u/butterfly-garden', 10, '2023-06-30 06:02', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35lwz/', "I don't has anyting against doggos. Many doggos live here. But Mommy is MINE. MY Mommy. She shouldn't be scritching other aminals.", '14mkacc'], ['u/butterfly-garden', 11, '2023-06-30 06:03', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35q9o/', 'I tink maybe you right. I go check.', '14mkacc'], ['u/butterfly-garden', 13, '2023-06-30 06:04', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35var/', 'Cheeky Panda. Thank you!', '14mkacc'], ['u/butterfly-garden', 18, '2023-06-30 06:04', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35x77/', 'They are so much fun!', '14mkacc'], ['u/butterfly-garden', 18, '2023-06-30 06:09', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq36fjt/', 'Heh heh heh, you is clever kitty! No wonder you named Loki. Mommy has a room like dat. Now I tinking...', '14mkacc'], ['u/butterfly-garden', 11, '2023-06-30 06:14', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq36xir/', 'You sing! I sing too.', '14mkacc'], ['u/Fr0hd3ric', 19, '2023-06-30 06:43', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq39uxz/', 'I am flattered! 🙂', '14mkacc'], ['u/TwoIdiosyncraticCats', 17, '2023-06-30 14:12', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4c5d5/', 'Yes! MANY BIG SNACKS FOR YOU!!!\n\nMy momther also did same and I was MAD. I threw up on the rug then DEMANDED snacks. (Espeshully becuz I was hungry then.)\n\n\\--Fig-Cat (16F)', '14mkacc'], ['u/Macropixi', 10, '2023-06-30 14:42', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4fmze/', 'Momma is currently unhappy about flee in-fest-tay-shun. \n\nBig hisster and I both covered in nasty bitey itchy things. She give us many baths, collars, try “natural in-sec-ta-sides”, now talking about BOMBING home? \n\nHisster and I no go outside, scary out there. We both long ago lived outside all alone, before people found us and momma got us from them in a-dopt-shun. \n\nBut I like hallway to outside is not home… has all neat smells. Momma say fleas come in on me from hallways.\n\n(We live in a basement condo-we’ve been fighting a flea infestation since March- our two kitties Origami and Ryouko (big hisster) we’re both strays and then shelter kitties before we adopted them through a charity through petsmart. ‘Gami loves to escape into the halls and run around, Ryouko will do the same but will only sit under the stairs. From what we can figure one of the other residents with pets who do go outside managed to bring the fleas in and they infested the carpet in the hallway. We’ve tried cedar spray, flea collars, flea baths, neck drops,, vacuuming the place-nothing has worked. They’re itchy, I’m itchy, the husband is itchy, the only things safe from flea bites are the damn tropical fish- which are the reason the spouse didn’t want to use chemicals to start with. )', '14mkacc'], ['u/MostBeautifulCat', 16, '2023-06-30 15:16', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4juxv/', 'I wouldn’t go with passive aggressive. I would communicate feelings directly. Just puff the EFF up and growl and hiss at her when you smell dog on her. You can even lift your paw.', '14mkacc'], ['u/butterfly-garden', 15, '2023-06-30 16:56', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4ye86/', 'Ooo, threaten da bap bap. I like it!', '14mkacc'], ['u/butterfly-garden', 21, '2023-06-30 17:13', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq50z4n/', 'I like your style! I tink I go puke now.', '14mkacc'], ['u/PorkrindsMcSnacky', 10, '2023-06-30 17:44', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq55wyi/', 'Actually, I love the game where I hide in the bag and when someone walks by, I swipe at their feet 😸', '14mkacc']]], ['u/hunter20C', 'Do you have money in a 401K/IRA/Savings/etc or are ALL of your investment’s and savings in Bitcoin?', 15, '2023-06-30 01:45', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/', 'What the title says, I’m just interested to see if people in this sub diverse at all in savings accounts or stocks or if you are truly all in on Bitcoin', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/', '14mkdqh', [['u/The-Francois8', 46, '2023-06-30 01:53', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/jq2bb7i/', 'Diversification is nice. Real estate, dividend stocks, 401k, pension, metals, bitcoin… each has a purpose.', '14mkdqh'], ['u/OffThread', 16, '2023-06-30 04:11', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/jq2sse4/', "It's starts as just a small portion, then it just happens to be a large majority and you don't care to sell it. \n\nHow far the ratio is how long ago you planted that tree. Cause, the best time to plant a tree was 20 years ago. The second best time is now.", '14mkdqh']]], ['u/stonkboi25', 'Finally', 11, '2023-06-30 02:03', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/', 'After reading through everyone’s posts about transferring out and it being successful I decided to transfer out the chump USDC they left me with still skeptical they’ll let this go through but I’m not willing to risk them cashing out for me in 30 days 🤣 Wish me luck ya’ll will probably convert it all to BTC.', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/', '14mkteq', [['u/AdMysterious6848', 18, '2023-06-30 05:15', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/jq30e2h/', 'I transferred all crypto and sold it all. Fuck you Voyager, all criminals.', '14mkteq'], ['u/Tech_Noir_1984', 11, '2023-06-30 07:59', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/jq3h0f7/', 'My USDC is taking forever to transfer. All my other crypto went through within 24 hours but my USDC transfer is currently on day 6.', '14mkteq']]], ['u/Status_Floor1746', 'Be Aware Crypto Policy Legislation is Set to Begin Moving in the House', 45, '2023-06-30 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/', "TL;DR Once Congress returns from the 4th of July break House Financial Services Chairman Patrick McHenry has said the Committee will vote on Crypto legislation and send it to the House Floor for a full House vote before the end of July. \n\n\n\n\n\n\n\nIn the coming weeks, we are going to hear and see an explosion in crypto news about crypto legislation being voted on in the House of Representatives. Now this vote will not be before the whole House rather it will be a procedural move by the House Financial Services Committee which will vote on the legislation to send legislation to the floor for that full vote. While the exact contents of the legislation are not known and I haven't even heard any gossip in the halls about it there are a few things that I feel will be in this.\xa0\n\n\n\nWe will see BTC and ETH be clearly defined as commodities.\n\nThis does fall short of crypto overall but in defining BTC and ETH the legislation will allow other cryptos to fall within those defined regulations. Those are the two largest market caps and so it shouldn't be a surprise to see Congress focus on these first and then adjust the rules as needed.\xa0\n\n\n\nThe CFTC and SEC will get clearly defined roles.\n\nRight now both agencies have claimed in various forms to be the true regulator and the legislation will have to address this. I know we want good ol Gary to be absolutely stripped of everything to do with crypto I doubt that will happen. Instead, we are likely to see a pretty significant curtail of the SEC powers in this industry with whatever powers are left being limited. Congress overall has told Gensler he is on notice for his random shotgun actions since they have affected both traditional finance and the crypto industry.\xa0\n\n\n\nStablecoin Clarity\xa0\n\nFor the last year or so there has been a lot of back and forth about stablecoins and their backing or lack thereof. Right now there are two camps and each is pretty dug in with how they want stablecoins to be regulated. I expect that a breakthrough will be announced soon that will break either one way or the other for the respective camps. Right now though it isn't exactly clear but I would assume a safe harbor will be implemented nonetheless for various stablecoins to come into regulatory approval.\xa0\xa0\n\n\n\nFinal Thoughts\n\nNow I am 110% sure that there will be more covered in this legislation but these are the three things that I think that we all know for certain are going to appear in the legislation. As soon as it breaks or leaks I will be sure to read through it and let yall know what the pros and cons of it are. Given the various drafts seen over the years though these are a couple of the things that I am pretty sure are going to appear and really what they will encompass.\xa0", 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/', '14mld68', [['u/Plebian1994', 13, '2023-06-30 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/jq2gy9u/', 'Why do I get the feeling these politicians are going to fuck it up just like they do everything else?', '14mld68'], ['u/coinmarshal', 17, '2023-06-30 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/jq2gzs6/', 'That overall sounds bullish', '14mld68'], ['u/Status_Floor1746', 11, '2023-06-30 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/jq2hcci/', 'The way I look at it is that uncertainty kills creativity and innovation. Taking this idea at a minimum rules/regulations would clear this up encouraging creativity and innovation!', '14mld68']]], ['u/SoNiicFX', 'What’s the individual’s endgame?', 39, '2023-06-30 03:36', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/', 'Congrats, you’ve hodled successfully. Bitcoin has 10xd or 100xd. \n\nHow do you actually use that wealth for real life application, knowing you want to keep stacking?', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/', '14mmsoq', [['u/OffThread', 58, '2023-06-30 04:15', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq2taqo/', "That's not the goal. You've got it all wrong. \n\nWe're not here for wealth, we're here to take back control.", '14mmsoq'], ['u/TheSugarGalaxy', 22, '2023-06-30 04:43', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq2wqbk/', "I'm up 100x on bitcoin and I've used them to buy gift cards from CoinCards. Pretty much been paying groceries and gas with gift cards for years now!", '14mmsoq'], ['u/solomonsatoshi', 25, '2023-06-30 05:04', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq2z8s0/', "Bought pre 2017 and am now retired and living on the land selling down a small amount each year to fund life.\n\nCould never have done this without Bitcoin.\n\nHoping the sly state-banker orchestrated obstruction of Bitcoin use for MoE is ended before I die.\n\nFeels good being part of the BTC revolution \\~ being as free as possible of the fiat debt slavery bankers cartel- zero debt.\n\nThere's quite a few of us, just quietly.\n\nIf you are a newbie and want to stack fees and KYC free seek out someone who has a stack and is slowly selling down as you will get the best price.\n\nAvoid CEXes.\n\nIf you cannot find someone selling down their stack try DEX bisq or meetups. Don't rely upon KYC CEXs. Good luck.", '14mmsoq'], ['u/Neat-Finger197', 15, '2023-06-30 06:03', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq35r09/', 'Plan is to continue stacking and hodling. Eventually, financial services will exist where we’ll be able to borrow against BTC and never spend principal', '14mmsoq'], ['u/aed38', 12, '2023-06-30 06:29', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq38hdi/', '"What’s the individual’s endgame?"\n\nA future where:\n\n1. Banks are obsolete.\n2. Fiat currency is obsolete.\n3. The individual owns their own money and doesn\'t have to ask permission to use it.', '14mmsoq'], ['u/BTCMachineElf', 11, '2023-06-30 07:14', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3cxma/', "If you want to keep stacking, what can you do but hodl.\n\nOnce you can no longer increase your stack size by 2%/year because it's value has exceeded your income bracket, it might be time to kick back, and start slowly spending it.", '14mmsoq'], ['u/MaximilianII', 72, '2023-06-30 07:17', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3d8gx/', "Last bull run I bought myself a house and 4 years off of work. Next bull run I'll buy myself full retirement.", '14mmsoq'], ['u/Kiwip0rn', 16, '2023-06-30 07:20', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3dias/', 'I (we) retired in March 2020. \n\nPaid off the house, have purchased 4 vehicles, bought a Condo on the beach we are moving to as soon as this house sells. \n\nWill be taking the proceeds of the house sale and buying more BTC.\n\nSelling ~80% in Late October or Early November 2025. We will live in the condo until the spring of 2026 and move to somewhere on the Mediterranean (not called Turkey). To spend the rest of my time on earth.\n\nWe will buy back in November 2026 with the proceeds from the sale of the Condo (and whatever is available from the 80% sell in 2025).\n\nRinse and repeat in 2029 and 2030, 2033 and 2034.', '14mmsoq'], ['u/netwolf420', 39, '2023-06-30 07:53', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3gikv/', 'Came for the gains, stayed for the revolution', '14mmsoq'], ['u/JubJubsFunFactory', 11, '2023-06-30 07:59', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3h1al/', 'Belongs on a tshirt', '14mmsoq'], ['u/MiceAreTiny', 17, '2023-06-30 10:03', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3r08t/', 'That is what bitcoin is for. I love success stories like that.', '14mmsoq'], ['u/SunixKO', 12, '2023-06-30 10:51', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3uib1/', "Why do you think he is buying gift cards instead of selling the BTC for dollar? So that he can tell the IRS how many gift card dollars he spent on groceries that year?\n\nI'm gonna guess there were no tax issues without knowing the guy you are asking.", '14mmsoq']]], ['u/karlmarxsghost1867', 'The ICT "Community" has to be one of the worst parts of modern-day trading...', 116, '2023-06-30 03:59', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/', 'Warning: there is no coherent structure to this post...\n\nOnce or twice a week when the markets are slow or choppy, I take a quick look at the ICT twitter to see what asinine thing he is melting down over today... Since the start of the year things have really gone downhill over there.\n\nAside from the obvious fact that "ICT" is retail strategies (namely, auction market theory) disguised as "smart money concepts", the community--if you can call it that--is a mill for all sorts of weird and absurd behaviours including the following...\n\nICT said in his hold 2022 Mentorship videos that he would "prove to everyone" that his methods are truly profitable by releasing broker statements in 2023. This was supposed to be the "big year" where he would prove the naysayers wrong by showing how profitable he is. These days when I look, it seems everyone is convinced that he is unique in never having to take any live trades ever, and that he doesn\'t need to prove he can make money. Just today he retweeted someone calling him out for trading in SIM, which seems to be something he does to get his followers to dogpile them. How bizarre is that.\n\nI remember him ranting in his old videos about how "nobody has ever taught what I\'m teaching" when you can pick up books from 10, 15 years ago talking about the same things. What\'s even weirder is that he has a video on his channel from years ago where he lays out the books which contain the same things he talks about, but his followers seem oblivious. I\'m sure some people would be surprised to hear that the "Turtle Soup" was a trading setup from a nearly 30 year old book, and that what sane people call "the end of an auction" has been talked about for 30-40+ years. \n\nI saw a tweet where he was ragging on someone because "funded accounts are demo and they can\'t trade with real money (irony?)", then some time later I checked in and saw him doing a "funded account giveway". ICT & "prop firm" grifting was not a cross-over I expected to see.\n\n"Simplicity vs. Complexity" -- I recall when I was following along with his videos ages ago that he would make a big deal about how "simple" his trading system is. Today, it seems that the absurdity has been cranked up to the next level. I saw this tweet today and honestly, what the hell is he even trying to say here (before his followers hop on, yes, I know what it means)\n> AM Session 10:50am To 11:10am Macro\n+Breaker, Opening Range Gap Draw, Opening Range Gap Quadrants, Partial Scaling & Management, using ICT Opening Range Dynamic Order Flow.\n\nwhat?\n\n> Opening Range Judas Swing Into Opening Range Repricing Macro\n> Dual Dealings AM Session ICT Silver Bullet\n\nwhat the hell is this guy talking about?\n\nMeanwhile, it seems this guy has built some lore around him having access to classified information about how the market works. This part is just straight up weird...\n> I wish I could talk openly.\n> The flesh aches to.\n> To humble the doubters, detractors, liars and talkers.\n> I have to stay in my lane, in my language and this must suffice.\n\nAnd lets not get into his schizo doomsday prepper arcs.\n\nWhat I find almost weirder than the cult-following and god complex is the people you see in the community. You have people who try to mimic his behaviour and talk about how they know how "the algorithm" (lol) works because they called the BTC bottom. That one guy who claims he "worked institutionally" and now sells courses on 1-hour opening range breaks--sorry, I mean "DR/IDR". You have 20 year old course sellers who comment on half his tweets. You have people who put "six figure funded" in their Twitter bio\'s (Christ). If you\'d like to go down that rabbit hole, feel free to take a look at @Romeotpt\n\nI\'ve seen some weird cults in my time, and it is impressive how they all have the same pattern of person has interesting idea -> person refuses to provide concrete proof and makes themselves inaccessible -> smart people self-select out --> leader sics followers on people who ask questions.', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/', '14mn99t', [['u/No_Working_6660', 28, '2023-06-30 05:18', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq30t1w/', 'From my limited reading into this stuff i got these kind of vibes. Good to know i was correct in my thinking it was over complicated, cult like, conspiracy theorists. \n\nI realized yesterday these type of people that follow this kind of stuff are goats. They set others as the sheep and think they have it figured out, when they actually are just in a different herd , the goats. The wolves line ICT prey on goats and sheep', '14mn99t'], ['u/Unlikely_Leather_869', 10, '2023-06-30 05:33', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq32eyz/', 'Bro I almost went down the ict pipeline and thank god I went back to Thomas wade’s system with PATs after I realized how much of a fraud ICT was', '14mn99t'], ['u/smattson10909', 21, '2023-06-30 06:16', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq374sq/', "I can't believe the shear amount of followers the guy has too. Crazy.", '14mn99t'], ['u/jehneric', 11, '2023-06-30 06:18', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq37cty/', 'My friend/mentor recently pivoted to ICT concepts, involving liquidity and market structure shift, etc. I haven\'t been trading lately so I\'m a bit out of the loop on all the new lingo he\'s using. It seems to be working well for him, he live trades in a discord every day and posts his losses as well as his wins. And my friend does back it up with analysis that seems easier to comprehend than whatever the hell an "opening range Judas swing" is per your example.\n\nPrior to ICT, I was mostly using supply/demand, fib retracements, and volume analysis, with my friend\'s guidance. But since his shift into ICT concepts, I just feel out of the loop, having not studied up on all these new terms at the moment. It wasn\'t until this post that I actually looked up what ICT stood for.\n\nI imagine there\'s merit to the strategies inherently when it comes to liquidity and all that, and the problem is mostly with ICT himself? Seeing as how I didn\'t even know this was all from one guy and what seems to be a cult following, can anyone be kind enough to give me the rundown on the strategies\' legitimacy in a vacuum?', '14mn99t'], ['u/10Drive', 17, '2023-06-30 06:56', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq3b8si/', 'Bro I went on one of his commenters twitter pages and they had a banner of ICTs face 😂😂😂 the level of dick riding is insane', '14mn99t'], ['u/-Blue_Bull-', 32, '2023-06-30 08:04', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq3hhww/', 'The basic frameworks to profitable discretionary trading are out there and for free. However, most of the meat of trading comes from within yourself. It is the ability to spot new edges and trade them. This absolutely cannot be taught, it\'s a skill that you develop on your own.\n\nThe problem is 99% of people are too lazy to put in the effort, which tells me they\'d shouldn\'t even be manual traders. \n\nI\'m an algo trader now, but it took me 4 years of solid screen time to become profitable as a discretionary trader.\n\nAs an algo trader, the same amount of effort was required, morning to night sessions learning object orientated programing, stats, risk management, back testing, AWS, docker, Python. Basically, the "boring stuff".\n\nPlease stop following these influencers. You won\'t learn anything from them. Following their advice is likely to damage your "trading brain" irreparably.\n\nYou want a trading mentor? Arnold Swartznegger. He will teach you more about trading than 100% of all trading gurus, and he\'s never placed a single trade in his life. \n\nRead the book "thinking fast and slow". It has nothing to do with trading, but will teach you about cognitive biases which is crucial to understand if you use technical analysis.\n\nIf you are an indicator trader, then you need to get to know the personality of your indicators. With discretionary, you are leveraging the power of the human brain to spot these features.\n\nIf you are just blindly following indicators, you won\'t win. If you blindly follow a predefined a trading system, you won\'t win. This is not how discretionary trading works. If that\'s the style you\'re after, you shouldn\'t be a discretionary trader, you might as well take up systematic trading.', '14mn99t']]], ['u/YVRcuriosity', 'I’m getting blackmailed by someone who bought database from swingers websites.', 66, '2023-06-30 04:20', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/', 'Hello beautiful free people, I’m getting blackmailed by someone who says it has hacked into my phone and recorded videos, and have all my naughty stuff into his cloud with all my personal contacts. It told me to pay him $650 in his bitcoin wallet otherwise he would share all my private content with all my phone contacts. Have anyone gone through this?', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/', '14mnp9v', [['u/class4inaduckie', 143, '2023-06-30 04:26', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2ulvg/', 'Have they shown you any proof of what they have?\n\nThey are typically just bluffing.', '14mnp9v'], ['u/sunshineguy84', 40, '2023-06-30 04:30', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2v7fj/', "Scam. I've gotten this exact email before, just ignore it and move on with your life.", '14mnp9v'], ['u/YVRcuriosity', 63, '2023-06-30 04:41', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2wh6r/', 'Yes, they got nothing indeed, it looked like a fake scam but, as I’m new to the lifestyle, better double check just in case. Thank you for the insight.', '14mnp9v'], ['u/Titocreator', 39, '2023-06-30 04:45', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2ww9q/', 'Ignore and keep living your life bud', '14mnp9v'], ['u/True_Ad4319', 12, '2023-06-30 05:19', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq30y64/', 'This happened to me thru Snap about a year ago and they threatened to share with all my Instagram contacts and started grouping them and sending invites. \nI say embrace it. You put the photos and videos out there already, and they’re just helping you share quicker! Ha \nI was able to use this mind set and turn the con back on them demanding money for my copyright material they stole. And I of course reported them on Instagram and snap. \nWhy not create a model profile on porn hub now and use this to your advantage. Once you make it, add all that material to your profile and share it with them. Then they have no need to try and extort you cause you beat them to the punch.\n\nBest of luck and let me know what you do and how it turns out for you.\n\nOpen to brainstorming on these cyber punks', '14mnp9v'], ['u/ZebraPantsDancer', 44, '2023-06-30 05:52', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq34jpx/', 'Something similar happened to my brother once. He said they had videos of him yada yada this and that but they actually showed proof. He said fuck it and told them he doesn’t care. He called me up and a couple other family members, s... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin Well EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (\x93 Bitcoin Well \x94 or the \x93 Company \x94) ( TSXV:BTCW; OTCQB:BCNWF ), announces a shares for debt arrangement. Shares for Debt The Company plans to issue 1,152,273 Common Shares having an aggregate value of $63,375 related to the balance of the earn-out on the Equibytes acquisition, previously announced on September 8, 2021 . The Common Shares will be issued at a deemed price of $0.055 per Common Share, being equal to the closing trading price of the Common Shares on the TSXV on the date of this news release. The issuance of the Common Shares is subject to the approval of the TSXV, and such Common Shares will be subject to a four-month plus one day hold period pursuant to TSXV policies. About Bitcoin Well Bitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission. Join our investor community and follow us on Nostr , LinkedIn , Twitter and YouTube to keep up to date with our business. Bitcoin Well contact information To book a virtual meeting with our Founder & CEO Adam O\x92Brien please use the following link: https://bitcoinwell.com/meet-adam For additional investor & media information, please contact: Tel: 1 888 711 3866 [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release . Forward-looking information Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Story continues Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. For more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', 'EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), announces a shares for debt arrangement.\nShares for Debt\nThe Company plans to issue 1,152,273 Common Shares having an aggregate value of $63,375 related to the balance of the earn-out on the Equibytes acquisition, previously announced onSeptember 8, 2021. The Common Shares will be issued at a deemed price of $0.055 per Common Share, being equal to the closing trading price of the Common Shares on the TSXV on the date of this news release. The issuance of the Common Shares is subject to the approval of the TSXV, and such Common Shares will be subject to a four-month plus one day hold period pursuant to TSXV policies.\nAbout Bitcoin Well\nBitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission.\nJoin ourinvestor communityand follow us onNostr,LinkedIn,TwitterandYouTubeto keep up to date with our business.\nBitcoin Well contact information\nTo book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:https://bitcoinwell.com/meet-adam\nFor additional investor & media information, please contact:Tel: 1 888 711 [email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-looking informationCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions.Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.\nBitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well.\nBitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to becorrectand such forward-looking information should not be unduly relied upon.\nAny forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.\nFor more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', 'EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), announces a shares for debt arrangement.\nShares for Debt\nThe Company plans to issue 1,152,273 Common Shares having an aggregate value of $63,375 related to the balance of the earn-out on the Equibytes acquisition, previously announced onSeptember 8, 2021. The Common Shares will be issued at a deemed price of $0.055 per Common Share, being equal to the closing trading price of the Common Shares on the TSXV on the date of this news release. The issuance of the Common Shares is subject to the approval of the TSXV, and such Common Shares will be subject to a four-month plus one day hold period pursuant to TSXV policies.\nAbout Bitcoin Well\nBitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission.\nJoin ourinvestor communityand follow us onNostr,LinkedIn,TwitterandYouTubeto keep up to date with our business.\nBitcoin Well contact information\nTo book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:https://bitcoinwell.com/meet-adam\nFor additional investor & media information, please contact:Tel: 1 888 711 [email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-looking informationCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions.Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.\nBitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well.\nBitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to becorrectand such forward-looking information should not be unduly relied upon.\nAny forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.\nFor more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', "Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images Mega-cap stocks helped end the second quarter with a bang. The Nasdaq 100 ended just shy of a previous first half record, with a 32% gain. Positive economic data continued to fuel investor confidence on Friday. Mega-cap tech stocks helped the market end higher Friday, with stocks ending a remarkably strong first quarter in the face of mounting recession fears and tight central bank policy. The Nasdaq 100 gained nearly 32% in the first half, nearly breaking its first-half record, set in 1983. The tech sector was propelled by massive enthusiasm for AI that's gripped Wall Street in 2023. The S&P 500 gained 17.6% in the first half while the Dow climbed 3.7%. In the second quarter, the Nasdaq closed at 13% higher, while the S&P and Dow climbed 8.8% and 2.5%. Core Personal Expenditure Price index data released Friday morning also added to investor confidence, showing that inflation climbed 4.6% from a year ago in May, down from 4.7% in April. On a monthly basis core PCE was up just 0.3%. Here's where US indexes stood at the 4:00 p.m. ET close on Thursday: S&P 500 : 4,450.38, up 1.23% Dow Jones Industrial Average : 34,407.60, up 0.84% (285.18 points) Nasdaq Composite : 13,787.92, up 1.45% Here's what else is going on: Bitcoin dipped Friday as the SEC reportedly said BlackRock and Fidelity's ETF applications are inadequate . It's inflation — not the economy — could be headed for a hard landing , Bank of America said. The US housing market faces a decade-long supply crunch, a Realtor.com analyst said. Wall Street legend Art Cashin warns that the sentiment-driven stock rally could end badly. Warren Buffett's Berkshire Hathaway now owns 25% of Occidental Petroleum stock , after snapping up over 2 million shares. In commodities, bonds, and crypto: The West Texas Intermediate climbed 0.97% to $70.54 a barrel. Brent crude , the international benchmark, gained 0.77%, trading at $74.91 a barrel. Gold edged up 0.47% to $1,927.62 per ounce. The 10-year Treasury yield fell two basis points to 3.831%. Bitcoin dropped 2% to $30,413. Read the original article on Business Insider", "• Mega-cap stocks helped end the second quarter with a bang.\n• The Nasdaq 100 ended just shy of a previous first half record, with a 32% gain.\n• Positive economic data continued to fuel investor confidence on Friday.\nMega-cap tech stocks helped the market end higher Friday, with stocks ending a remarkably strong first quarter in the face of mounting recession fears and tight central bank policy.\nThe Nasdaq 100 gained nearly 32% in the first half, nearly breaking its first-half record, set in 1983. The tech sector was propelled by massive enthusiasm for AI that's gripped Wall Street in 2023.\nThe S&P 500 gained 17.6% in the first half while the Dow climbed 3.7%.\nIn the second quarter, the Nasdaq closed at 13% higher, while the S&P and Dow climbed 8.8% and 2.5%.\nCore Personal Expenditure Price index data released Friday morning also added to investor confidence, showing that inflation climbed 4.6% from a year ago in May, down from 4.7% in April. On a monthly basis core PCE was up just 0.3%.\nHere's where US indexes stood at the 4:00 p.m. ET close on Thursday:\nS&P 500: 4,450.38, up 1.23%\nDow Jones Industrial Average: 34,407.60, up 0.84% (285.18 points)\nNasdaq Composite: 13,787.92, up 1.45%\nHere's what else is going on:\n• Bitcoin dipped Friday as the SEC reportedly said BlackRock and Fidelity'sETF applications are inadequate.\n• It's inflation — not the economy — could beheaded for a hard landing, Bank of America said.\n• The US housing market faces adecade-long supplycrunch, a Realtor.com analyst said.\n• Wall Street legend Art Cashin warns that thesentiment-driven stock rallycould end badly.\n• Warren Buffett's Berkshire Hathaway nowowns 25% of Occidental Petroleum stock, after snapping up over 2 million shares.\nIn commodities, bonds, and crypto:\n• TheWest Texas Intermediateclimbed 0.97% to $70.54 a barrel.Brent crude, the international benchmark, gained 0.77%, trading at $74.91 a barrel.\n• Goldedged up 0.47% to $1,927.62 per ounce.\n• The10-year Treasury yieldfell two basis points to 3.831%.\n• Bitcoindropped 2% to $30,413.\nRead the original article onBusiness Insider", 'Crypto markets posted a strong finish to the quarter despite the news that the Securities and Exchange Commission may prompt a number of financial powerhouses to revisit their Bitcoin ETF filings.\nBitcoin fell under 1% to around $30,300 and has been trading relatively sideways since rising above the $30,000 mark on June 23. Meanwhile, Ether rallied 4% to $1,923.\nStock markets continued to build on recent bullish momentum, with the S&P 500 rising more than 1% to close at its highest level since April 2022.\nMarkets were whipsawed earlier in the day after it was reported that BlackRock and Fidelity could face hurdles with their recently filed spot Bitcoin ETF applications. According toReuters, concerns were raised by the SEC regarding exchanges’ failure to include details of crypto trading platforms that would help to detect fraud in the underlying spot market.\nThe CBOE has since refiled applications on behalf of Fidelity, Van Eck, Invesco and WisdomTree. All the filings name Coinbase, the leading U.S. crypto exchange, as a potential partner.\nIn the DeFi sector, top gainers include Maker’s MKR, with a 14% surge, trailed by Aave, which briefly rallied 9%. Curve’s CRV and Optimism’s OP were also up around 8%.\nOverall decentralized exchange volumes are down 1.7% this week to $15.9B.\nAside from Bitcoin and Ether, top cryptocurrencies by market capitalization, excluding stablecoins, posted gains of at least 2%. Litecoin led the way with a 24% increase, followed by Bitcoin Cash (BCH) with a 22% surge, and Solana (SOL) with an 8% gain.', 'Crypto markets posted a strong finish to the quarter despite the news that the Securities and Exchange Commission may prompt a number of financial powerhouses to revisit their Bitcoin ETF filings. Bitcoin fell under 1% to around $30,300 and has been trading relatively sideways since rising above the $30,000 mark on June 23. Meanwhile, Ether rallied 4% to $1,923. Crypto Markets End Q2 On A High Note Stock markets continued to build on recent bullish momentum, with the S&P 500 rising more than 1% to close at its highest level since April 2022. TradFi Giants Refile ETF Applications Markets were whipsawed earlier in the day after it was reported that BlackRock and Fidelity could face hurdles with their recently filed spot Bitcoin ETF applications. According to Reuters , concerns were raised by the SEC regarding exchanges’ failure to include details of crypto trading platforms that would help to detect fraud in the underlying spot market. The CBOE has since refiled applications on behalf of Fidelity, Van Eck, Invesco and WisdomTree. All the filings name Coinbase, the leading U.S. crypto exchange, as a potential partner. DeFi Rally In the DeFi sector, top gainers include Maker’s MKR, with a 14% surge, trailed by Aave, which briefly rallied 9%. Curve’s CRV and Optimism’s OP were also up around 8%. Crypto Markets End Q2 On A High Note Overall decentralized exchange volumes are down 1.7% this week to $15.9B. Aside from Bitcoin and Ether, top cryptocurrencies by market capitalization, excluding stablecoins, posted gains of at least 2%. Litecoin led the way with a 24% increase, followed by Bitcoin Cash (BCH) with a 22% surge, and Solana (SOL) with an 8% gain.', 'The India Blockchain Alliance (IBA) was set up in 2018 by Raj Kapoor — an advisory board member at over 50 blockchain companies — based on the idea the technology could help reshape financial, social and governance systems in the world’s most populous nation and make them more decentralized, open and equitable. While India’s government has warned about risks in cryptocurrency trading, it has shown support for blockchain technology as have several states in India. Pune state is adopting blockchain to record real estate transactions to reduce fraud. Police in the northern state of Uttar Pradesh have set up a blockchain-based online portal to ensure filed complaints cannot be tampered with or deleted. The IBA, which said it works with startups and hundreds of colleges across India, is also a partner with the Nordic Blockchain Association and the FinTech Association of Sri Lanka. In an interview with Forkast ’s Pradipta Mukherjee, Kapoor, who is also IBA’s chief executive officer, discussed the state of blockchain-based projects in India. The following Q&A has been edited for clarity and length. Pradipta Mukherjee: The IBA has been around for five years now. Tell us about your journey and the impact that IBA is looking to make in India? Raj Kapoor: When we set up in 2018, whenever we spoke about blockchain, everybody only asked about Bitcoin. They equated blockchain with Bitcoin and vice versa. One of the key reasons why I established this organization was to make people understand the impact of the technology and not necessarily crypto or Bitcoin. I also believe that India has the power to harness this technology because we have the right resources, but we don’t have the direction. Raj Kapoor, founder and CEO, India Blockchain Alliance My two co-founders and myself first started with the education system. We started creating programs for universities, colleges, and institutions. Today we work with more than 250 universities and colleges across the country. We have set up centers of excellence. We teach blockchain at different levels depending on what type of universities or institutions they are. Story continues We mentor a lot of startups. We do a lot of work with the government in terms of giving them advice on what could be blockchain interventions for policy, standards, [and] frameworks. Mukherjee: What is the future of blockchain in India? Kapoor: Any blockchain has a form of tokenization or a reward system. Entire asset classes are going to be tokenized. Today we have tokenized real estate, bonds, and we can tokenize any asset including green carbon credits. The next five to 10 years will see a major shift from the way things are today to getting tokenized and therefore accessible to most. Those tokens have nothing to do with crypto. I’m involved in more than 50-odd local projects and another 70 or 80 outside the country. Those are all blockchain projects that have nothing to do with crypto. What we do promote is the adoption of blockchain, distributed ledger technology and everything that flows with it, such as the metaverse , NFTs (non-fungible tokens), DeFi (decentralized finance) and Web3 . Mukherjee: Can you talk about the blockchain projects you are working on in India? Kapoor: For a couple of universities in India, we are putting certificates on the blockchain so that it’s easy for anybody across the world to verify the degree of an individual. IBA doesn’t have a tech team to create it. We design the architecture, the solutioning and the way forward, and then work together with implementation partners to complete the initiative. We’re working on a private healthcare project where we are putting all health records on the blockchain, which can be accessed by all hospitals across India. We have got hospitals, physiotherapists, chemist shops, all into the ecosystem. We’re also creating a complete human resource system on blockchain that allows for checks of the authenticity of resumes filed by potential employees. Another pilot project we are doing in India is for women who face sexual harassment — whether it’s in public, work, even at home and within families. A lot of women victims don’t know where to go, so we created a blockchain-based app where women report anonymously. The project is in the beta phase, yet we already have more than 140,000 women on the platform, which is surprising. Tribal women sewing ethnic and traditional hand embroidered dresses in front of their hut, in Gujarat, India. Image: Envato Elements With the Goa Government , I’m doing a lot of projects on the blockchain, primarily, putting all land records on the blockchain. After Goa gained independence, one of the main problems was the lack of land records and there were many cases of duplication. Mukherjee: What are the shortcomings that you face when working on these projects in India? Kapoor: First is blockchain interoperability. The interconnectivity is not cheap and it’s not guaranteed. The second is the number of transactions per second. For instance, if you suddenly have 100,000 people logging in within minutes of each other, the process becomes slower. The third is lack of awareness. Once the public is aware of the benefits of blockchain, the adoption will be better. Right now, adoption is lackadaisical to say the least. The fourth, is security concerns. Now, whenever there is interoperability, it is through a bridge. This bridge has vulnerabilities that are not recognized by most Indian companies. Therefore, security, interoperability, transaction speed, and awareness are the main problems. Mukherjee: There were talks about remote voting during polls using blockchain. Has that taken off in India? Kapoor: There is a pilot program happening in Telangana [in south India]. It is great for people who are not in the state and wish to vote, or for the elderly who don’t want to stand in line at polling booths. What we have not identified completely are the security plugs so that we have a sacrosanct safe system. Mukherjee: Where do you see India’s central bank digital currency (CBDC) adoption headed? Kapoor: We talk about CBDC [but] are we CBDC ready? Are the banks CBDC ready? The awareness of CBDC in the banking sector is abysmally low. We need to have our financial system ready for it. The backward integration needs to be done and the awareness within the banking system needs to be built first. I believe that CBDC is great for business to business, but it is the adoption that will take time. If there are many other options, people may not go for a CBDC. So, people’s fears have to be allayed first and explained that this is a better system. But it’s very difficult to change people’s mindsets, especially in India where businesses are very traditional. It has to be in a staggered process of awareness, benefits, advantages, transparency and trust. It is a long-term process.', 'The India Blockchain Alliance (IBA) was set up in 2018 byRaj Kapoor— an advisory board member at over 50 blockchain companies — based on the idea the technology could help reshape financial, social and governance systems in the world’smost populousnation and make them more decentralized, open and equitable.\nWhile India’s government has warned aboutrisksin cryptocurrency trading, ithas shown support for blockchaintechnology as have several states in India. Pune state is adoptingblockchainto record real estate transactions to reduce fraud. Police in the northern state of Uttar Pradeshhave set upa blockchain-based online portal to ensure filed complaints cannot be tampered with or deleted.\nThe IBA, which said it works with startups and hundreds of colleges across India, is also apartnerwith the Nordic Blockchain Association and the FinTech Association of Sri Lanka.\nIn an interview withForkast’s Pradipta Mukherjee, Kapoor, who is also IBA’s chief executive officer, discussed the state of blockchain-based projects in India.\nThe following Q&A has been edited for clarity and length.\nPradipta Mukherjee:The IBA has been around for five years now. Tell us about your journey and the impact that IBA is looking to make in India?\nRaj Kapoor:When we set up in 2018, whenever we spoke about blockchain, everybody only asked about Bitcoin. They equated blockchain with Bitcoin and vice versa. One of the key reasons why I established this organization was to make people understand the impact of the technology and not necessarily crypto or Bitcoin. I also believe that India has the power to harness this technology because we have the right resources, but we don’t have the direction.\nMy two co-founders and myself first started with the education system. We started creating programs for universities, colleges, and institutions. Today we work with more than 250 universities and colleges across the country. We have set up centers of excellence. We teach blockchain at different levels depending on what type of universities or institutions they are.\nWe mentor a lot of startups. We do a lot of work with the government in terms of giving them advice on what could be blockchain interventions for policy, standards, [and] frameworks.\nMukherjee:What is thefuture of blockchainin India?\nKapoor:Any blockchain has a form of tokenization or a reward system. Entire asset classes are going to be tokenized. Today we have tokenized real estate, bonds, and we can tokenize any asset including green carbon credits. The next five to 10 years will see a major shift from the way things are today to getting tokenized and therefore accessible to most. Those tokens have nothing to do with crypto.\nI’m involved in more than 50-odd local projects and another 70 or 80 outside the country. Those are all blockchain projects that have nothing to do with crypto. What we do promote is the adoption of blockchain, distributed ledger technology and everything that flows with it, such as themetaverse, NFTs (non-fungible tokens), DeFi (decentralized finance) andWeb3.\nMukherjee:Can you talk about the blockchain projects you are working on in India?\nKapoor:For a couple of universities in India, we are putting certificates on the blockchain so that it’s easy for anybody across the world to verify the degree of an individual. IBA doesn’t have a tech team to create it. We design the architecture, the solutioning and the way forward, and then work together with implementation partners to complete the initiative.\nWe’re working on a private healthcare project where we are putting all health records on the blockchain, which can be accessed by all hospitals across India. We have got hospitals, physiotherapists, chemist shops, all into the ecosystem.\nWe’re also creating a complete human resource system on blockchain that allows for checks of the authenticity of resumes filed by potential employees.\nAnother pilot project we are doing in India is for women who face sexual harassment — whether it’s in public, work, even at home and within families. A lot of women victims don’t know where to go, so we created a blockchain-based app where women report anonymously. The project is in the beta phase, yet we already have more than 140,000 women on the platform, which is surprising.\nWith theGoa Government, I’m doing a lot of projects on the blockchain, primarily, putting all land records on the blockchain. After Goa gained independence, one of the main problems was the lack of land records and there were many cases of duplication.\nMukherjee:What are the shortcomings that you face when working on these projects in India?\nKapoor:First is blockchain interoperability. The interconnectivity is not cheap and it’s not guaranteed.\nThe second is the number of transactions per second. For instance, if you suddenly have 100,000 people logging in within minutes of each other, the process becomes slower.\nThe third is lack of awareness. Once the public is aware of the benefits of blockchain, the adoption will be better. Right now, adoption is lackadaisical to say the least.\nThe fourth, is security concerns. Now, whenever there is interoperability, it is through a bridge. This bridge has vulnerabilities that are not recognized by most Indian companies. Therefore, security, interoperability, transaction speed, and awareness are the main problems.\nMukherjee:There were talks aboutremote votingduring polls using blockchain. Has that taken off in India?\nKapoor:There is apilot program happening in Telangana[in south India]. It is great for people who are not in the state and wish to vote, or for the elderly who don’t want to stand in line at polling booths. What we have not identified completely are the security plugs so that we have a sacrosanct safe system.\nMukherjee:Where do you seeIndia’s central bank digital currency(CBDC) adoption headed?\nKapoor:We talk about CBDC [but] are we CBDC ready? Are the banks CBDC ready? The awareness of CBDC in the banking sector is abysmally low.\nWe need to have our financial system ready for it. The backward integration needs to be done and the awareness within the banking system needs to be built first.\nI believe that CBDC is great for business to business, but it is the adoption that will take time. If there are many other options, people may not go for a CBDC. So, people’s fears have to be allayed first and explained that this is a better system. But it’s very difficult to change people’s mindsets, especially in India where businesses are very traditional. It has to be in a staggered process of awareness, benefits, advantages, transparency and trust. It is a long-term process.', 'A Note From Louis: InvestorPlace’s partners over at TradeSmith have been working on Project An-E , a powerful new AI tool to help investors make stock predictions. Earlier this month, at the AI Predictive Power Event , I sat down with TradeSmith CEO Keith Kaplan to talk about their exciting research. You can catch that here . Thomas Yeung, a market analyst at InvestorPlace.com and manager of the Omnia Portfolio , took An-E out for a spin to see what it can do. And so, I invited Tom to share his findings here at Market 360 . *********** InvestorPlace - Stock Market News, Stock Advice & Trading Tips It turns out that AI is astonishingly good at picking stocks. Several notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to process enormous amounts of news headlines for short-term trades . Others take a more deliberate, quantitative approach for portfolio construction . Regardless of the method, artificial intelligence models work because of two truths: AI is particularly talented at detecting patterns. And the stock market is full of these patterns. That makes these “neural networks” particularly powerful at producing winning investment ideas. History often repeats itself, and AI models excel at telling investors when they have seen something before. Models such as TradeSmith’s powerful new AI tool, known as An-E, which helps investors make stock predictions. I recently used it to find five top stocks that could double your money or more within a year with proper rebalancing. Let’s see how it did… 1. Applied Digital (APLD) Dallas-based Applied Digital Corporation ( APLD ) tops TradeSmith’s list of high-potential stocks. Their AI system expects the stock will return 15% in a month, suggesting 400% upside within a year if the proceeds are reinvested at the same growth rate next month. Applied Digital is a former Bitcoin ( BTC ) mining company that now owns and operates high-performance data centers. The firm changed its name from Applied Blockchain to Applied Digital in November 2022 to reflect the pivot and has since entirely dropped its crypto mining operations. Story continues Shares of the company are up almost 400% this year Analysts expect growth to accelerate. Applied Digital’s revenues are projected to hit $60 million this year and $300 million in 2024 as computing demand from AI and machine learning continue to rise. Investors, of course, need to be careful. Applied Digital generates a significant portion of its revenues from crypto mining customers (even though it mines none itself). A sudden fall in Bitcoin prices will have knock-on effects to its share price. 2. Fastly (FSLY) Fastly, Inc. ( FSLY ) is a content delivery network (CDN) that helps improve website performance by caching data and delivering content from nearby servers. When a user requests a website or application, Fastly determines which server is closest and sends data from that point. When I checked about a week ago, TradeSmith’s system expected Fastly to rise another 6% within a month, topping off its 97% year-to-date gain. A bottom-up analysis also paints a positive picture. The San Francisco-based firm recorded a 122.7% dollar-based net expansion rate in 2022, even better than its 120.9% rate the previous year. This figure rises when existing customers increase their usage of Fastly’s platforms. 3. Mobileye (MBLY) Shares of the Israeli self-driving firm Mobileye Global Inc. ( MBLY ) fell earlier this month after Intel Corporation ( INTC ) announced it was selling a $35 million stake in its former subsidiary. Many saw it as a vote of no-confidence. Nevertheless, TradeSmith’s system sees this as a positive buying opportunity. Mobileye shares are now expected to recover 6% over the next 30 days, a 101% annual growth rate. High-quality firms tend to rebound after selloffs, and TradeSmith’s AI believes the tech firm belongs in this category. Moreover, Intel’s recent Mobileye sale likely has more to do with profit-taking rather than any fundamental issue. Indeed, Intel might just need the money. The chipmaker also recently sold a fifth of its stake in a promising Austrian chip fabricator and is planning on spending billions through 2025 creating U.S.-based chip factories. Mobileye also remains a top company among Wall Street analysts. Analysts expect revenues to rise 31% in 2024 and 40% in 2025 – an extremely unusual level of acceleration. Their target price of $47 also represents a significant 30% upside for this ordinarily low-volatility stock. 4. FiscalNote Holdings (NOTE) FiscalNote Holdings, Inc. ( NOTE ) is an unusual pick for its relatively small market capitalization and negative price momentum. AI applications tend to pick more popular companies, especially those driven by sentiment analysis. However, FiscalNote’s 8% expected upside this month has an unusual catalyst: The company will join the Russell 3000 index at the end of this month. In May, right here in Market 360 , Louis noted that stocks can move 10% to 20% from the Russell Reconstitution alone . The realignment… creates forced buying pressure under small-cap stocks in the days following the preliminary add/delete lists. And on the Russell Reconstitution day, the trading volume can be explosive… The Russell Reconstitution could trigger an institutional stampede into the new stocks that are added to the Russell indices. FiscalNote’s inclusion in the index will cause hundreds of funds to suddenly jump in on the illiquid stock. The data analytics firm also has reasonable fundamentals, at least on a cash flow basis. Analysts expect revenues to grow 23% this year, and for operating cash flow to turn positive by 2024. Beware, however, that the firm has an unusually generous compensation structure for insiders. Gross margins have also failed to keep up with growth, often a sign that a company is dropping prices to manufacture growth. 5. Cloudflare (NET) Finally, investors seeking a safer route to AI riches should consider Cloudflare, Inc. ( NET ), the world’s largest provider of diversified content delivery network ( CDN) services. When I last checked, TradeSmith’s AI algorithm expected a 4.3% rise in a month, or a 68% annual rate of return. And an examination of Cloudflare’s business suggests this is entirely possible. Cloudflare operates over 100 data centers and serves up a fifth of all websites in the world. The company’s DDoS protection services (distributed denial-of-service) benefits from network effects, making the firm a popular choice even among tech giants that can afford to host their own content. Walmart Inc. ( WMT ) and Dell Technologies Inc. ( DELL ) use Cloudflare to host their e-commerce sites. Growth is also expected to continue at a rapid clip. Street estimates peg top-line growth at 30% through 2025, and for net income to rise roughly twice as fast. That indicates Cloudflare’s stock will grow into its seemingly high valuations. For those with shorter time frames, Cloudflare could also surprise to the upside over the short term. Analysts doubled their 2023 earnings per share estimates to 34 cents last April, and upward revisions are often a sign of short-term gains to come. What Chess Teaches Us About Living with AI Of course, not every AI algorithm can get stock-picking right. Some studies have shown that ChatGPT’s “limitations in its explainability and stability” prevent it from making consistent predictions. And even the best quantitative methods often have trouble differentiating between companies to buy on the dip… and those going straight to zero. But there’s a better way than entrusting all your money to an unpredictable robot. Consider the evolution of chess and AI. In 1997, IBM’s Deep Blue chess program stunned the world after beating then-world chess champion Garry Kasparov. For the first time, a machine had triumphed over the world’s top grandmaster. But today’s top players aren’t machines or humans. They’re a combination of both . Here’s Tina Huang, founder and chief technology officer of Transposit: After chess-playing programs became widely available, the combination of humans and chess-playing programs performed better than either did individually. In advanced chess, players use a program to explore the results of moves. Still, it is the human who controls the game. An advanced chess player marries human intuition with a computer’s ability to remember and calculate a staggering number of moves, countermoves and outcomes. The strongest chess players are when humans and AI work together, with moves being tested by each. This eliminates programming bugs like the one Deep Blue suffered during its first encounter with Kasparov and identifies new patterns that ordinary humans cannot see. And that is exactly why the research our partners at TradeSmith are doing is so revolutionary. As Louis mentioned earlier, during the AI Predictive Power Event , he sat down with TradeSmith CEO Keith Kaplan to talk about Project An-E . With Project An-E , Keith and his team didn’t chase the impossible dream of predicting the future or being right 100% of the time. What they did was look for an “edge” that they could exploit over and over again. To learn more about Project An-E, click here to watch the replay of the AI Predictive Project Event . Regards, Thomas Yeung, CFA Market Analyst, InvestorPlace.com The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: Microsoft Corp. ( MSFT ) and Amazon.com, Inc. ( AAPL ) Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video … exposing one of the most shocking events in our country’s history… and the one move every American needs to make today . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 5 Stocks That AI Predicts Will Double Your Money in a Year appeared first on InvestorPlace .', 'A Note From Louis:InvestorPlace’s partners over atTradeSmithhave been working onProject An-E, a powerful new AI tool to help investors make stock predictions. Earlier this month, at theAI Predictive Power Event, I sat down with TradeSmith CEOKeith Kaplanto talk about their exciting research.You can catch that here.\nThomas Yeung, a market analyst atInvestorPlace.comand manager of theOmnia Portfolio, took An-E out for a spin to see what it can do. And so, I invited Tom to share his findings here atMarket 360.\n*********\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIt turns out that AI is astonishingly good at picking stocks.\nSeveral notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to processenormous amounts of news headlines for short-term trades. Others takea more deliberate, quantitative approach for portfolio construction.\nRegardless of the method, artificial intelligence models work because of two truths:\n1. AI is particularly talented at detecting patterns.\n2. And the stock market is full of these patterns.\nThat makes these “neural networks” particularly powerful at producing winning investment ideas. History often repeats itself, and AI models excel at telling investors when they have seen something before.\nModels such as TradeSmith’s powerful new AI tool, known as An-E, which helps investors make stock predictions.\nI recently used it to find five top stocks that could double your money or more within a year with proper rebalancing.\nLet’s see how it did…\nDallas-basedApplied Digital Corporation(APLD) tops TradeSmith’s list of high-potential stocks.\nTheir AI system expects the stock will return 15% in a month, suggesting 400% upside within a year if the proceeds are reinvested at the same growth rate next month.\nApplied Digital is a formerBitcoin(BTC) mining company that now owns and operates high-performance data centers. The firm changed its name from Applied Blockchain to Applied Digital in November 2022 to reflect the pivot and has since entirely dropped its crypto mining operations.\nShares of the company are up almost 400% this year\nAnalysts expect growth to accelerate. Applied Digital’s revenues are projected to hit $60 million this year and $300 million in 2024 as computing demand from AI and machine learning continue to rise.\nInvestors, of course, need to be careful. Applied Digital generates a significant portion of its revenues from crypto mining customers (even though it mines none itself). A sudden fall in Bitcoin prices will have knock-on effects to its share price.\nFastly, Inc.(FSLY) is a content delivery network (CDN) that helps improve website performance by caching data and delivering content from nearby servers. When a user requests a website or application, Fastly determines which server is closest and sends data from that point.\nWhen I checked about a week ago, TradeSmith’s system expected Fastly to rise another 6% within a month, topping off its 97% year-to-date gain.\nA bottom-up analysis also paints a positive picture.\nThe San Francisco-based firm recorded a 122.7% dollar-based net expansion rate in 2022, even better than its 120.9% rate the previous year. This figure rises when existing customers increase their usage of Fastly’s platforms.\nShares of the Israeli self-driving firmMobileye Global Inc.(MBLY) fell earlier this month afterIntel Corporation(INTC) announced it was selling a $35 million stake in its former subsidiary. Many saw it as a vote of no-confidence.\nNevertheless, TradeSmith’s system sees this as a positive buying opportunity.\nMobileye shares are now expected to recover 6% over the next 30 days, a 101% annual growth rate. High-quality firms tend to rebound after selloffs, and TradeSmith’s AI believes the tech firm belongs in this category.\nMoreover, Intel’s recent Mobileye sale likely has more to do with profit-taking rather than any fundamental issue.\nIndeed, Intel might just need the money. The chipmaker also recently sold a fifth of its stake in a promising Austrian chip fabricator and is planning on spending billions through 2025 creating U.S.-based chip factories.\nMobileye also remains a top company among Wall Street analysts. Analysts expect revenues to rise 31% in 2024 and 40% in 2025 – an extremely unusual level of acceleration. Their target price of $47 also represents a significant 30% upside for this ordinarily low-volatility stock.\nFiscalNote Holdings, Inc.(NOTE) is an unusual pick for its relatively small market capitalization and negative price momentum. AI applications tend to pick more popular companies, especially those driven by sentiment analysis.\nHowever, FiscalNote’s 8% expected upside this month has an unusual catalyst:\nThe company will join the Russell 3000 index at the end of this month.\nIn May, right here inMarket 360, Louis noted that stockscan move 10% to 20% from the Russell Reconstitution alone.\nThe realignment… creates forced buying pressure under small-cap stocks in the days following the preliminary add/delete lists. And on the Russell Reconstitution day, the trading volume can be explosive…\nThe Russell Reconstitution could trigger an institutional stampede into the new stocks that are added to the Russell indices.\nFiscalNote’s inclusion in the index will cause hundreds of funds to suddenly jump in on the illiquid stock.\nThe data analytics firm also has reasonable fundamentals, at least on a cash flow basis. Analysts expect revenues to grow 23% this year, and for operating cash flow to turn positive by 2024.\nBeware, however, that the firm has an unusually generous compensation structure for insiders. Gross margins have also failed to keep up with growth, often a sign that a company is dropping prices to manufacture growth.\nFinally, investors seeking a safer route to AI riches should considerCloudflare, Inc.(NET), the world’s largest provider of diversifiedcontent delivery network (CDN) services.\nWhen I last checked, TradeSmith’s AI algorithm expected a 4.3% rise in a month, or a 68% annual rate of return. And an examination of Cloudflare’s business suggests this is entirely possible.\nCloudflare operates over 100 data centers and serves up a fifth of all websites in the world. The company’s DDoS protection services (distributed denial-of-service) benefits from network effects, making the firm a popular choice even among tech giants that can afford to host their own content.Walmart Inc.(WMT) andDell Technologies Inc.(DELL) use Cloudflare to host their e-commerce sites.\nGrowth is also expected to continue at a rapid clip. Street estimates peg top-line growth at 30% through 2025, and for net income to rise roughly twice as fast.\nThat indicates Cloudflare’s stock will grow into its seemingly high valuations.\nFor those with shorter time frames, Cloudflare could also surprise to the upside over the short term. Analysts doubled their 2023 earnings per share estimates to 34 cents last April, and upward revisions are often a sign of short-term gains to come.\nOf course, not every AI algorithm can get stock-picking right.\nSome studies have shown that ChatGPT’s“limitations in its explainability and stability”prevent it from making consistent predictions. And even the best quantitative methods often have trouble differentiating between companies to buy on the dip… and those going straight to zero.\nBut there’s a better way than entrusting all your money to an unpredictable robot.\nConsider the evolution of chess and AI.\nIn 1997, IBM’s Deep Blue chess program stunned the world after beating then-world chess champion Garry Kasparov. For the first time, a machine had triumphed over the world’s top grandmaster.\nBut today’s top players aren’t machines or humans.They’re a combination of both.\nHere’s Tina Huang, founder and chief technology officer of Transposit:\nAfter chess-playing programs became widely available, the combination of humans and chess-playing programs performed better than either did individually.\nThe strongest chess players are when humans and AI work together, with moves being tested by each. This eliminates programming bugs like the one Deep Blue suffered during its first encounter with Kasparovandidentifies new patterns that ordinary humans cannot see.\nAnd that is exactly why the research our partners at TradeSmith are doing is so revolut Last 60 Days of Bitcoin's Closing Prices:** [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $594,454,899,188 - Hash Rate: 334845664.7949681 - Transaction Count: 324274.0 - Unique Addresses: 622117.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: It’s been a volatile year for the cryptocurrency sector, to put it mildly. The industry has faced unprecedented levels of scrutiny, scandals, and bad press thanks to high-profile fraud and financial missteps such as the collapse of the FTX crypto futures exchange and crypto-based hedge fund and the subsequent indictment of its now-infamous co-founder and CEO Sam Bankman-Fried. While most of the buzz has since blown over, the industry remains under a regulatory microscope, and many companies are still tangled up in litigation. Just this month, The Securities and Exchange Commission sued two crypto firms in two days because of alleged misconduct: Binance, the world’s largest crypto exchange, is accused ofoperating an illegal trading platformin the United States and misusing customer funds, while Coinbase, the country’s largest crypto platform, failedto register as an exchange, a legal requirement. But crypto seems to have survived its dark night of the soul and come out the other side with a surprising rebound. In fact, as Bitcoin prices have surged in recent months, so too have mining operations – and their associated carbon footprint. Despite all of the industry uncertainty, Bitcoin’s carbon emissions are currently at anall-time high, using nearly the same amount of energy annually as the entire nation of Austria, according to the University of Cambridge’sBitcoin Electricity Consumption Index. And that staggering energy footprint will almost certainly continue to balloon as the proof-of-work problems become more and more complex for miners to solve. Bitcoin’s shocking energy use is a result of the cryptocurrency’s mining process, which relies on a public ledger powered by the blockchain. In order for Bitcoin transactions to remain secure, authenticatable, and anonymous, each entry to the ledger is achieved through solving complex computational problems, a process known as “proof of work.” The ‘miner’ who solves this puzzle fastest receives a newly minted Bitcoin in return for their efforts. “Proof of work” is a process of pure trial and error – plugging in random solutions and hoping to hit it big. This means that high-power super-computers, which can make more calculations in a shorter time, have an advantage. But to keep the currency from being devalued as more and more miners mint new coins, solving for proof of work gets harder and harder according to the level of competition. By design, mining one Bitcoin always takes about 10 minutes. As a result, Bitcoin miners constantly have to use more and more computing power, and often have entire warehouses full of supercomputers working away. The result: the same amount of Bitcoin produced annually, but with constantly increasing energy use and carbon emissions. In 2009, you could mine Bitcoin using just a few seconds’ worth of household electricity; now, you would need to consume about9 years’ worth. But there may finally be a solution to this compounding problem:quantum computing. According to recentreportingfrom CoinsPaid Media, quantum computing-based systems have been modeled to be “vastly superior to classic mining equipment in terms of energy efficiency.” This finding is based on astudyconducted by researchers at the University of Kent in the United Kingdom, who compared the energy consumption of three different quantum computers when mining cryptocurrencies using the blockchain. The resulting potential energy savings are staggering. “We show that the transition to quantum-based mining could incur an energy saving—by relatively conservative estimates—of about roughly 126.7TWH, or put differently, the total energy consumption of Sweden in 2020,” the study states. And, unlike traditional mining equipment, which is already extremely advanced in its technology, quantum computers are still in their nascency and will likely become more refined to be even more energy-efficient in the near future. However, this discovery has some important caveats. “Quantum mining is only energy efficient when using equipment with about 512 qubits,” explains CoinsPaid Media. “Meanwhile, the most powerful quantum processors available on the market, the IBM Osprey and D-Wave D2, have only 433 and 512 qubits, respectively.” More importantly, quantum computingjust isn’t that evolved yet, and will have a long way to go before it can feasibly achieve these kinds of savings. Quantum computing may save the climate from Bitcoin, but it won’t be soon. And the timeline to avoid the worst impacts of climate change is a short one. By Haley Zaremba for Oilprice.com More Top Reads From Oilprice.com: • First Major Solar Power Plant Takes Shape In Azerbaijan • Rising Interest Rates And Inflation Threaten UK Manufacturing • Middle East Oil Prices Soar Amid Chinese Trading Frenzy Read this article on OilPrice.com... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• Revenue: €8.67m (down 66% from FY 2021).\n• Net loss: €2.41m (down by 118% from €13.4m profit in FY 2021).\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLooking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.\nPerformance of theGerman Capital Markets industry.\nThe company's shares are up 1.3% from a week ago.\nWhile it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis andyou can see our take on Bitcoin Group's balance sheet.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", "Bitcoin Group ( ETR:ADE ) Full Year 2022 Results Key Financial Results Revenue: \x808.67m (down 66% from FY 2021). Net loss: \x802.41m (down by 118% from \x8013.4m profit in FY 2021). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period Bitcoin Group Earnings Insights Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Performance of the German Capital Markets industry. The company's shares are up 1.3% from a week ago. Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Bitcoin Group's balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session You\x92ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here", "• Revenue: €8.67m (down 66% from FY 2021).\n• Net loss: €2.41m (down by 118% from €13.4m profit in FY 2021).\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLooking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.\nPerformance of theGerman Capital Markets industry.\nThe company's shares are up 1.3% from a week ago.\nWhile it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis andyou can see our take on Bitcoin Group's balance sheet.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", 'Jack Dorsey and Elon Musk. Joe Raedle, Michael Gonzalez/Getty Images Jack Dorsey said "running Twitter is hard" as users hit out at Elon Musk for imposing "rate limits." Dorsey said "I don\'t wish that stress upon anyone" after Musk capped how many tweets users can see. Musk said the limits were "temporary" and walked back on the numbers several times on Saturday. Heavy is the head that wears the crown – at least that\'s how it seems Jack Dorsey is feeling. The Twitter co-founder said Saturday that "running Twitter is hard" after Elon Musk sparked a backlash by announcing "rate limits" on viewing tweets. Many users criticized his decision after he announced the sudden changes. "I don\'t wish that stress upon anyone," Dorsey tweeted. "I trust that the team is doing their best under the constraints they have, which are immense. It\'s easy to critique the decisions from afar … which I\'m guilty of … but I know the goal is to see Twitter thrive. It will." Musk said Saturday that Twitter was placing temporary tweet-viewing rate limits restricting how many posts users can see. He blamed the decision on "extreme levels" of data scraping from AI companies. The Twitter CEO informed users of the changes hours after there were more than 13,000 reports of outages of the platform in the US and UK, per DownDetector. Many users got a notification that read: "Sorry, you are rate limited. Please wait a few moments then try again." It came after Musk said Friday that users would need to sign in to view tweets and that it wouldn\'t show tweet preview when links are shared on other platforms. Dorsey also said after the new restrictions were announced that he hopes Twitter will build on "censorship-resistant open protocols" such as Bitcoin, which he said was "good for all, and\xa0critical to preserve the open internet." The former CEO stepped down in November 2021 after leading the company since 2006 and announced Parag Agrawal as his successor, who Musk fired when he acquired Twitter for $44 billion. Story continues Musk walked back on the number of tweets accounts can view a day several times on Saturday. First he said verified accounts could read 6,000 posts per day, while unverified and newly created unverified accounts would be able to see just 600 and 300 posts per day. A few hours later he said it was increasing the rate limits to "8000 for verified, 800 for unverified & 400 for new unverified"\xa0 before changing the rules again and saying "now to 10k, 1k & 0.5k." Twitter did not respond to a request for comment from Insider, as it changed its policy for interacting with the media earlier this year. Read the original article on Business Insider', 'Jack Dorsey and Elon Musk. Joe Raedle, Michael Gonzalez/Getty Images Jack Dorsey said "running Twitter is hard" as users hit out at Elon Musk for imposing "rate limits." Dorsey said "I don\'t wish that stress upon anyone" after Musk capped how many tweets users can see. Musk said the limits were "temporary" and walked back on the numbers several times on Saturday. Heavy is the head that wears the crown – at least that\'s how it seems Jack Dorsey is feeling. The Twitter co-founder said Saturday that "running Twitter is hard" after Elon Musk sparked a backlash by announcing "rate limits" on viewing tweets. Many users criticized his decision after he announced the sudden changes. "I don\'t wish that stress upon anyone," Dorsey tweeted. "I trust that the team is doing their best under the constraints they have, which are immense. It\'s easy to critique the decisions from afar … which I\'m guilty of … but I know the goal is to see Twitter thrive. It will." Musk said Saturday that Twitter was placing temporary tweet-viewing rate limits restricting how many posts users can see. He blamed the decision on "extreme levels" of data scraping from AI companies. The Twitter CEO informed users of the changes hours after there were more than 13,000 reports of outages of the platform in the US and UK, per DownDetector. Many users got a notification that read: "Sorry, you are rate limited. Please wait a few moments then try again." It came after Musk said Friday that users would need to sign in to view tweets and that it wouldn\'t show tweet preview when links are shared on other platforms. Dorsey also said after the new restrictions were announced that he hopes Twitter will build on "censorship-resistant open protocols" such as Bitcoin, which he said was "good for all, and\xa0critical to preserve the open internet." The former CEO stepped down in November 2021 after leading the company since 2006 and announced Parag Agrawal as his successor, who Musk fired when he acquired Twitter for $44 billion. Story continues Musk walked back on the number of tweets accounts can view a day several times on Saturday. First he said verified accounts could read 6,000 posts per day, while unverified and newly created unverified accounts would be able to see just 600 and 300 posts per day. A few hours later he said it was increasing the rate limits to "8000 for verified, 800 for unverified & 400 for new unverified"\xa0 before changing the rules again and saying "now to 10k, 1k & 0.5k." Twitter did not respond to a request for comment from Insider, as it changed its policy for interacting with the media earlier this year. Read the original article on Business Insider', 'Illustration by Mitchell Preffer for Decrypt It was a relatively quiet week in the cryptoverse. The most significant bit of adoption news came from Buckingham Palace on Thursday when British King Charles signed his assent to a reform bill that now recognizes crypto trading as a regulated activity. Similarly, European parliamentarians announced their own crypto-focused regulatory reforms. On Tuesday 27/06 @EP_Economics negotiators struck a deal on changes to Capital Requirements Regulation & Directive #CRR & #CRD @jonasfernandez w/ #EU2023SE details will follow pic.twitter.com/7eRCgk7Eg5 — ECON Committee Press (@EP_Economics) June 27, 2023 These were hardly discussed on Twitter, though. More attention was given to Apple’s removal of decentralized social networking app Damus from the App Store. Apple had given Damus a fortnight to remove its Bitcoin tipping feature (via the Layer 2 Lightning Network) and bring the app into compliance by integrating it with Apple’s own in-house payments mechanism. On Monday, Damus tweeted that it had updated its app to bring it into compliance, yet was still removed from the store. Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped. Users are only ever tipped after posts are made, the idea that content is being sold is nonsense. We will be filing… pic.twitter.com/Su945kE37v — Damus⚡️ (@damusapp) June 26, 2023 The following day, Bitcoin-loving Block CEO Jack Dorsey criticized Apple for encroaching on users’ and creators’ financial freedom. Coinbase CEO Brian Armstrong supported his argument. Story continues It\'s really crazy that Apple will unilaterally block you from running the software you want on your own device. One of the most disrespectful parts of their culture, and it\'s damaging to their brand. https://t.co/n1Mo9jPBzX — Brian Armstrong 🛡️ (@brian_armstrong) June 27, 2023 Crypto journalist Ekin Genç shared a chart on Monday highlighting the explosive growth of Ethereum staking over the last two and a half years. staked eth now exceeds eth on centralised exchanges pic.twitter.com/GYIt9dq3om — ekin (@eking0x) June 26, 2023 Crypto custodian and fintech infrastructure company Prime Trust LLC landed in hot water with Nevada’s Financial Institutions Division, according to Crypto Twitter news account @tier10k . The allegations are pretty damning. FID alleged Prime Trust lost access to legacy wallets in 2021 and used customer assets to buy back crypto oh brother https://t.co/2rrW2jpmDr pic.twitter.com/zjebYPAkcA — db (@tier10k) June 27, 2023 Solana co-founder and Chief Operating Officer Raj Gokal got excited about Futurama’s revival on Hulu. The new episodes appear to reference crypto and COVID. How very zeitgeisty! YES! @aeyakovenko the universe is once again conspiring in our favor. and they have a crypto episode!! https://t.co/udjnCH6QwD — raj 💀 (@rajgokal) June 27, 2023 That day, Brian Armstrong accused the U.S. of “squandering an early lead” in the adoption and regulation of crypto before reiterating his tireless call for sensible regulation. Coinbase is a publicly listed U.S. company, but it has recently been expanding into other territories due to the harsh domestic regulatory climate. The U.S. is squandering an early lead, in part because SBF embarrassed some politicians and regulators who now want to look tough on crypto. Pretty much everyone else has moved on though, and FTX is not really discussed in UK, UAE, etc. The way to solve it is just get sensible… https://t.co/8HAeWiB7Mi — Brian Armstrong 🛡️ (@brian_armstrong) June 26, 2023 Presidential candidate Robert F. Kennedy Jr is trying to position himself as the crypto-friendly option. Looks like he has Michael Saylor’s vote. The next President will be a pro-Bitcoin President. — Michael Saylor⚡️ (@saylor) June 27, 2023 Speaking of Bitcoin believers, if you’ve been wondering what MicroStrategy’s chairman has been up to lately, then wonder no more. He’s still Buying More Bitcoin. MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin . As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR https://t.co/joHo1gEnR0 — Michael Saylor⚡️ (@saylor) June 28, 2023 Bloomberg ETF expert Eric Balchunas explained how ARK Invest’s amended proposal to the SEC for a Bitcoin spot ETF has given the company a head start on BlackRock. BlackRock is the world’s largest asset management company, stewarding a whopping $9 trillion in assets. Of the 576 ETF applications it has made to the SEC, 575 of them have been approved to date, so it makes sense that other ETF-hungry firms are looking at BlackRock’s filing for tips for their own. JUST IN: ARK has amended their 19b-4 for spot bitcoin ETF to include a surveillance sharing agreement bt CBOE and a crypto exchange (likely Coinbase), which makes their\'s like BlackRock\'s filing now, and puts them in pole position to be approved first bc they filed first. pic.twitter.com/P8PCmPdhln — Eric Balchunas (@EricBalchunas) June 28, 2023 Market data from Kaiko suggests that Bitcoin’s correlation with tech equities has hit a three-year low. #Bitcoin ’s correlation with the tech-heavy Nasdaq collapsed to just 3% in June, hitting its lowest level in nearly three years. pic.twitter.com/BUbijQiVv9 — Kaiko (@KaikoData) June 29, 2023 Finally, self-proclaimed “Internet Detective Exposing Scams” Coffeezilla jumped on a bit of content by notorious influencer/scammer Logan Paul. Hey Logan, was promising $1.8 million in refunds to CryptoZoo victims, and 6 months later not paying "another masterclass in marketing"? Asking for all the people who got scammed by you and the criminals you hired.🙏 https://t.co/wRS4yE24Jb — Coffeezilla (@coffeebreak_YT) June 29, 2023 Paul did not respond.', 'It was a relatively quiet week in the cryptoverse. The most significant bit of adoption news came from Buckingham Palace on Thursday when British King Charlessigned his assentto a reform bill that now recognizes crypto trading as a regulated activity. Similarly, European parliamentarians announced their own crypto-focused regulatory reforms.\nThese were hardly discussed on Twitter, though. More attention was given to Apple’s removal of decentralized social networking app Damus from the App Store. Apple had given Damus a fortnight to remove its Bitcoin tipping feature (via the Layer 2 Lightning Network) and bring the app into compliance by integrating it with Apple’s own in-house payments mechanism.\nOn Monday, Damus tweeted that it had updated its app to bring it into compliance, yet was still removed from the store.\nThe following day, Bitcoin-loving Block CEO Jack Dorsey criticized Apple for encroaching on users’ and creators’ financial freedom. Coinbase CEO Brian Armstrong supported his argument.\nCrypto journalist Ekin Genç shared a chart on Monday highlighting the explosive growth of Ethereum staking over the last two and a half years.\nCrypto custodian and fintech infrastructure company Prime Trust LLC landed in hot water with Nevada’s Financial Institutions Division, according to Crypto Twitter news account@tier10k. The allegations are pretty damning.\nSolana co-founder and Chief Operating Officer Raj Gokal got excited about Futurama’s revival on Hulu. The new episodes appear to reference crypto and COVID. How very zeitgeisty!\nThat day, Brian Armstrong accused the U.S. of “squandering an early lead” in the adoption and regulation of crypto before reiterating his tireless call for sensible regulation. Coinbase is a publicly listed U.S. company, but it has recently beenexpanding into other territoriesdue to the harsh domestic regulatory climate.\nPresidential candidate Robert F. Kennedy Jr is trying to position himself as the crypto-friendly option. Looks like he has Michael Saylor’s vote.\nSpeaking of Bitcoin believers, if you’ve been wondering what MicroStrategy’s chairman has been up to lately, then wonder no more. He’s still Buying More Bitcoin.\nBloombergETF expert Eric Balchunas explained how ARK Invest’s amended proposal to the SEC for a Bitcoin spot ETF has given the company a head start on BlackRock. BlackRock is the world’s largest asset management company, stewarding a whopping $9 trillion in assets. Of the 576 ETF applications it has made to the SEC, 575 of them have been approved to date, so it makes sense that other ETF-hungry firms are looking at BlackRock’s filing for tips for their own.\nMarket data from Kaiko suggests that Bitcoin’s correlation with tech equities has hit a three-year low.\nFinally, self-proclaimed “Internet Detective Exposing Scams” Coffeezilla jumped on a bit of content by notorious influencer/scammer Logan Paul.\nPaul did not respond.', "The possibility of a U.S. central bank digital currency (CBDC) has become a hot-button political issue in the U.S., but it appears that concern over such a monetary instrument is also shared by America’s neighbors to the north in Canada as well as among its forbearers across the pond in the UK.\nTwo surveys published last week—one by hardware wallet manufacturer Trezor and the other by financial news site WealthRocket—examined public attitudes toward CBDCs in the UK and Canada, respectively. Each one posed distinct questions, yet reached similar conclusions.\nPeople in Canada and the UK have clear reservations about the tech that central banks and governments across the globe are exploring as an alternative to cash. A majority of Brits said they were concerned about UK authorities having control over people’s funds, while 39% of Canadians said a loss of control over their finances was a concern.\n“There is a distrust of government in so many countries around the world,” Steven Lubka, head of private clients and family offices at Swan Bitcoin, toldDecryptin an interview. “They don't want to just hand over unilateral control over their money to their states.”\nUS 'Has Not Yet Determined Whether It Will Pursue a CBDC,' Says Treasury Official\nCBDCs are digital tokens, similar to stablecoins. But CBDCs are maintained by their respective governments or central banks as opposed to being issued by private companies on public networks like Cricle’s USDC or Tether’s USDT stablecoins.\nBoth surveys come as CBDC public comment periods come to a close in Canada and the UK. Responses to a Consultation Paper on CBDCs crafted by the Bank of England were due by Friday's end. Canada’s consultation came to a close on June 19.\nThe studies follow research done by the Cato Institute, a libertarian think tank, that found only 16% of Americans support the adoption of a CBDC, with greaterpushbackamong Republicans than Democrats.\nIn America, presidential candidate Robert F. Kennedy, Jr. has pointed to Canada as a reason to support Bitcoin. He said he wasinspired to support Bitcoinafter the Canadian government tried to quell protests against COVID-19 restrictions in the region by freezing protestors’ bank accounts.\nStill, 59% of the 1,500 CanadianssurveyedbyWealthRocketsaid they were willing to use CBDC for payments. 25% said they were not willing at all.\nCanada’s central bank, the Bank of Canada, has no plans to issue a CBDC anytime soon but is exploring the technology in case Canadian Parliament asks for one in the future, according to itswebsite.\nCanadian Conservative Pierre Poilievre last April said CBDC is a no-go if he’s ever elected prime minister, perReuters. It’s a position similar to Republican presidential nominee and Florida Governor Ron DeSantis, who vowed tostop a CBDCfrom being issued in the United States if he is elected president.\nIt’s not surprising that conservative-leaning politicians are more likely to express criticism of CBDC, said Lubka, describing it as a “paranoia wet dream” for people suspect of the government’s intentions.\nCanadian Lawmakers Want to Help Blockchain Businesses 'Flourish'\nEven though he’s sympathetic to some concerns, Lubka thinks the likelihood of CBDCs in America and countries with other developed economies is somewhat overblown, pointing to financial middlemen like banks and fintech companies that would be hurt.\n“It is just the quintessential embodiment of everything that has galvanized and mobilized conservative concerns for the last few decades,” he said. “The only thing they're wrong about is their probability of happening.”\nAmong the most common concerns of Canadians surveyed about a CBDC were the potential for fraud, the risk of cyber attacks, and the potential for cash to be phased out. But, rest assured, the Bank of Canadasaysthat paper bills are going nowhere.\nNotably, the least common concern among Canadians was a digital dollar rivaling cryptocurrencies and “challenging the rise” of digital assets. So, it appears Canadians either have some confidence in their digital wallets’ contents or couldn’t care less about what happens to crypto.\nIn terms of the potential benefits, safety and convenience were chief among Canadians. The BoC has signaled that a CBDC could help protect the Canadian economy’s stability from widespread use of cryptocurrency or CBDCs issued by other countries.\nWhile UK Prime Minister Rishi Sunaksuggestedthat the Bank of England’s CBDC project be dubbed “Britcoin” when he was Chancellor in 2021, the endeavor should not be confused with Satoshi Nakamoto’s namesake.\nA consensus has not been reached on whether the Bank of England will ultimately pursue a CBDC—or whether it would even use blockchain technology—but the UK central bank and HM Treasury has explored the possibility since 2021.\nThe digital pound, explored in a recentConsultation Paper, is sometimes referred to as “digital sterling,” the bank says. Yet, Trezor’s survey of found that among 1,000 Brits, 55% of had heard of the digital pound.\nThis contrasts with widespread awareness of CBDCs that has circulated in crypto corners for years. Bitcoin OGs like Erik Vorhees have described CBDC an “Orwellian spy surveillance nightmare,” while American whistleblower Edward Snowden has dubbed them “cryptofascist currencies.”\nBank of England Says ‘Britcoin’ CBDC Might Not Be on a Blockchain\n“The knowledge gap is an order of magnitude more” among the general public than within crypto when it comes to CBDCs, said Lubka. “I've been paying attention for years. This discussion has been ongoing on for years.”\nThe Trezor survey found that people, while they may not be familiar with CBDC, are wary of the potential features one might have.\nWhen it comes to giving authorities control of their funds, 73% said it would be concerning. Additionally, 67% of Brits were troubled by the idea that CBDCs could expire, with funds going away if they’re not spent.\nEchoing the CBDC skepticism of DeSantis, who said that a CBDC could be used to curtail purchases offirearms, 62% of Brtis expressed concern about control over which goods and services could be paid for using the tech.\nTrezor Bitcoin Analyst Josef Tětek said in a statement there’s a substantial mismatch between people’s knowledge of Britcoin and how it could possibly impact people in the UK.\n“It’s clear that the vast majority of people are not comfortable with financial authorities having the kind of powers that a CBDC could grant them,” he said. “Before the UK [...] goes too far down the path to roll-out, we need a comprehensive, society-wide debate with ordinary people.”", "The possibility of a U.S. central bank digital currency ( CBDC ) has become a hot-button political issue in the U.S., but it appears that concern over such a monetary instrument is also shared by America’s neighbors to the north in Canada as well as among its forbearers across the pond in the UK. Two surveys published last week—one by hardware wallet manufacturer Trezor and the other by financial news site WealthRocket—examined public attitudes toward CBDCs in the UK and Canada, respectively. Each one posed distinct questions, yet reached similar conclusions. People in Canada and the UK have clear reservations about the tech that central banks and governments across the globe are exploring as an alternative to cash. A majority of Brits said they were concerned about UK authorities having control over people’s funds, while 39% of Canadians said a loss of control over their finances was a concern. “There is a distrust of government in so many countries around the world,” Steven Lubka, head of private clients and family offices at Swan Bitcoin, told Decrypt in an interview. “They don't want to just hand over unilateral control over their money to their states.” US 'Has Not Yet Determined Whether It Will Pursue a CBDC,' Says Treasury Official CBDCs are digital tokens, similar to stablecoins. But CBDCs are maintained by their respective governments or central banks as opposed to being issued by private companies on public networks like Cricle’s USDC or Tether’s USDT stablecoins. Both surveys come as CBDC public comment periods come to a close in Canada and the UK. Responses to a Consultation Paper on CBDCs crafted by the Bank of England were due by Friday's end. Canada’s consultation came to a close on June 19. The studies follow research done by the Cato Institute, a libertarian think tank, that found only 16% of Americans support the adoption of a CBDC, with greater pushback among Republicans than Democrats. Canada’s Concerns In America, presidential candidate Robert F. Kennedy, Jr. has pointed to Canada as a reason to support Bitcoin. He said he was inspired to support Bitcoin after the Canadian government tried to quell protests against COVID-19 restrictions in the region by freezing protestors’ bank accounts. Story continues Still, 59% of the 1,500 Canadians surveyed by WealthRocket said they were willing to use CBDC for payments. 25% said they were not willing at all. Canada’s central bank, the Bank of Canada, has no plans to issue a CBDC anytime soon but is exploring the technology in case Canadian Parliament asks for one in the future, according to its website . Canadian Conservative Pierre Poilievre last April said CBDC is a no-go if he’s ever elected prime minister, per Reuters . It’s a position similar to Republican presidential nominee and Florida Governor Ron DeSantis, who vowed to stop a CBDC from being issued in the United States if he is elected president. It’s not surprising that conservative-leaning politicians are more likely to express criticism of CBDC, said Lubka, describing it as a “paranoia wet dream” for people suspect of the government’s intentions. Canadian Lawmakers Want to Help Blockchain Businesses 'Flourish' Even though he’s sympathetic to some concerns, Lubka thinks the likelihood of CBDCs in America and countries with other developed economies is somewhat overblown, pointing to financial middlemen like banks and fintech companies that would be hurt. “It is just the quintessential embodiment of everything that has galvanized and mobilized conservative concerns for the last few decades,” he said. “The only thing they're wrong about is their probability of happening.” Among the most common concerns of Canadians surveyed about a CBDC were the potential for fraud, the risk of cyber attacks, and the potential for cash to be phased out. But, rest assured, the Bank of Canada says that paper bills are going nowhere. Notably, the least common concern among Canadians was a digital dollar rivaling cryptocurrencies and “challenging the rise” of digital assets. So, it appears Canadians either have some confidence in their digital wallets’ contents or couldn’t care less about what happens to crypto. In terms of the potential benefits, safety and convenience were chief among Canadians. The BoC has signaled that a CBDC could help protect the Canadian economy’s stability from widespread use of cryptocurrency or CBDCs issued by other countries. England’s Unease While UK Prime Minister Rishi Sunak suggested that the Bank of England’s CBDC project be dubbed “Britcoin” when he was Chancellor in 2021, the endeavor should not be confused with Satoshi Nakamoto’s namesake. A consensus has not been reached on whether the Bank of England will ultimately pursue a CBDC—or whether it would even use blockchain technology—but the UK central bank and HM Treasury has explored the possibility since 2021. The digital pound, explored in a recent Consultation Paper , is sometimes referred to as “digital sterling,” the bank says. Yet, Trezor’s survey of found that among 1,000 Brits, 55% of had heard of the digital pound. This contrasts with widespread awareness of CBDCs that has circulated in crypto corners for years. Bitcoin OGs like Erik Vorhees have described CBDC an “ Orwellian spy surveillance nightmare ,” while American whistleblower Edward Snowden has dubbed them “ cryptofascist currencies .” Bank of England Says ‘Britcoin’ CBDC Might Not Be on a Blockchain “The knowledge gap is an order of magnitude more” among the general public than within crypto when it comes to CBDCs, said Lubka. “I've been paying attention for years. This discussion has been ongoing on for years.” The Trezor survey found that people, while they may not be familiar with CBDC, are wary of the potential features one might have. When it comes to giving authorities control of their funds, 73% said it would be concerning. Additionally, 67% of Brits were troubled by the idea that CBDCs could expire, with funds going away if they’re not spent. Echoing the CBDC skepticism of DeSantis, who said that a CBDC could be used to curtail purchases of firearms , 62% of Brtis expressed concern about control over which goods and services could be paid for using the tech. Trezor Bitcoin Analyst Josef Tětek said in a statement there’s a substantial mismatch between people’s knowledge of Britcoin and how it could possibly impact people in the UK. “It’s clear that the vast majority of people are not comfortable with financial authorities having the kind of powers that a CBDC could grant them,” he said. “Before the UK [...] goes too far down the path to roll-out, we need a comprehensive, society-wide debate with ordinary people.”", 'Actor Zachery Ty Bryan attends P.S. ARTS and OneWest Bank\'s Express Yourself 2016 at Barker Hangar on November 13, 2016 in Santa Monica, California. Joshua Blanchard/Getty Images for P.S. ARTS Former actor Zachery Ty Bryan is accused of pocketing $50,000 as part of a crypto scam. The four people told The Hollywood Reporter that Bryan promised to invest their money. However, they say they have yet to see a return. Former "Home Improvement" star Zachery Ty Bryan is accused of taking people\'s money as part of a cryptocurrency scam, according to The Hollywood Reporter. Bryan\'s profile has resurfaced years after his popular show ended in 1999 after an arrest in 2020 that led to a charge of felony strangulation . He is best known for his role as Brad Taylor on "Home Improvement," where he acted alongside stars Tim Allen and Jonathan Taylor Thomas. Now, four people who said they gave money to Bryan to buy digital coins for a startup called Producers Market told the Hollywood Reporter that Bryan took $50,000 of their money by promising to invest it in a cryptocurrency opportunity that did not exist. "I got duped," one source told The Hollywood Reporter. "It\'s a gut punch, for sure." Bryan was brought on as an adviser by the company after it heard about how the former child actor amassed a fortune on Bitcoin, according to The Hollywood Reporter. At the time, the company was considering a token sale — an offering of cryptocurrency tokens to private investors to help fund a startup or project. Shortly after, he began promoting the digital tokens. The problem was Producers Market had not established a token sale for the company at that point and ultimately decided against doing so, per the outlet. One woman who spoke to The Hollywood Reporter said she pulled together $5,000 as a "broke college student" after going on a date with Bryan, who convinced her to invest and presented her with a contract before she handed over the money. Other sources who spoke to The Hollywood Reporter said they also trusted the actor with their money because he was listed as a founding investment partner\xa0on the Producers Market website. Story continues A spokesperson for Producers Market told Insider in a statement that when the company discovered that Bryan was offering the nonexistent tokens, it "immediately issued a cease-and-desist demand to him." "Mr. Bryan misrepresented our company without our knowledge, participation or permission," John Collins, a spokesperson for Producers Market, said. "When we found out, we immediately issued a cease-and-desist demand to him. This activity is unacceptable and not a reflection of our mission to support the wellbeing of farmers and our food systems." In an interview with The Hollywood Reporter, Bryan claimed he was also confused by the situation. "This was not me running some shady scam deal or something — that\'s just not me," Bryan told the publication. He also said he still has a stake in the company and would return his stock to those accusing him of taking their money. Bryan has not faced any criminal charges for his time with Producers Market, and the people who spoke with The Hollywood Reporter said they did not alert authorities or pursue any legal action. The Hollywood Reporter feature on Bryan, who continues to act and promotes his conservative views on channels like Newsmax , also highlights the "fall" of the actor through interviews with friends and former costars. Allen also spoke to the outlet about his thoughts on Bryan\'s situation, calling him a "great kid who has grown into a complex man." "I don\'t know what happens when people get corrupted. You just don\'t know," Allen told The Hollywood Reporter. A spokesperson for Bryan did not immediately respond to Insider\'s request for comment. Update: July 2, 2023 — This story was updated with a statement from Producers Market. Read the original article on Business Insider', 'Actor Zachery Ty Bryan attends P.S. ARTS and OneWest Bank\'s Express Yourself 2016 at Barker Hangar on November 13, 2016 in Santa Monica, California. Joshua Blanchard/Getty Images for P.S. ARTS Former actor Zachery Ty Bryan is accused of pocketing $50,000 as part of a crypto scam. The four people told The Hollywood Reporter that Bryan promised to invest their money. However, they say they have yet to see a return. Former "Home Improvement" star Zachery Ty Bryan is accused of taking people\'s money as part of a cryptocurrency scam, according to The Hollywood Reporter. Bryan\'s profile has resurfaced years after his popular show ended in 1999 after an arrest in 2020 that led to a charge of felony strangulation . He is best known for his role as Brad Taylor on "Home Improvement," where he acted alongside stars Tim Allen and Jonathan Taylor Thomas. Now, four people who said they gave money to Bryan to buy digital coins for a startup called Producers Market told the Hollywood Reporter that Bryan took $50,000 of their money by promising to invest it in a cryptocurrency opportunity that did not exist. "I got duped," one source told The Hollywood Reporter. "It\'s a gut punch, for sure." Bryan was brought on as an adviser by the company after it heard about how the former child actor amassed a fortune on Bitcoin, according to The Hollywood Reporter. At the time, the company was considering a token sale — an offering of cryptocurrency tokens to private investors to help fund a startup or project. Shortly after, he began promoting the digital tokens. The problem was Producers Market had not established a token sale for the company at that point and ultimately decided against doing so, per the outlet. One woman who spoke to The Hollywood Reporter said she pulled together $5,000 as a "broke college student" after going on a date with Bryan, who convinced her to invest and presented her with a contract before she handed over the money. Other sources who spoke to The Hollywood Reporter said they also trusted the actor with their money because he was listed as a founding investment partner\xa0on the Producers Market website. Story continues A spokesperson for Producers Market told Insider in a statement that when the company discovered that Bryan was offering the nonexistent tokens, it "immediately issued a cease-and-desist demand to him." "Mr. Bryan misrepresented our company without our knowledge, participation or permission," John Collins, a spokesperson for Producers Market, said. "When we found out, we immediately issued a cease-and-desist demand to him. This activity is unacceptable and not a reflection of our mission to support the wellbeing of farmers and our food systems." In an interview with The Hollywood Reporter, Bryan claimed he was also confused by the situation. "This was not me running some shady scam deal or something — that\'s just not me," Bryan told the publication. He also said he still has a stake in the company and would return his stock to those accusing him of taking their money. Bryan has not faced any criminal charges for his time with Producers Market, and the people who spoke with The Hollywood Reporter said they did not alert authorities or pursue any legal action. The Hollywood Reporter feature on Bryan, who continues to act and promotes his conservative views on channels like Newsmax , also highlights the "fall" of the actor through interviews with friends and former costars. Allen also spoke to the outlet about his thoughts on Bryan\'s situation, calling him a "great kid who has grown into a complex man." "I don\'t know what happens when people get corrupted. You just don\'t know," Allen told The Hollywood Reporter. A spokesperson for Bryan did not immediately respond to Insider\'s request for comment. Update: July 2, 2023 — This story was updated with a statement from Producers Market. Read the original article on Business Insider', "Cameron Winklevoss slammed the Securities and Exchange Commission (SEC) for a history of failure on Saturday, noting that it has been ten years since the agency received what he called the first Bitcoin ETF application—and killed it.\nThe Winklevoss twins, who cofounded crypto exchange Gemini, first filed for a spot Bitcoin ETF-like trust in July 2013, moving early to establish an investment vehicle that tracks the price of Bitcoin and trades similarly to stock on exchanges like the Nasdaq.\nThe Winklevoss’ initial filing, along with a second attempt in 2018, was ultimatelyrejectedby the SEC. While futures-based Bitcoin ETFs have since gotten a regulatory green light in the U.S., the SEC claims that no spot ETF arrangement thus far proposed does enough to protect investors from “fraudulent and manipulative acts and practices.”\nSo, on the first filing’s 10-year anniversary, Winklevoss called out the agency for supposedly dragging its feet, recognizing every other application for a spot-based Bitcoin ETF has been stifled as well.\n“The SEC's refusal to approve these products for a decade has been a complete and utter disaster for U.S. investors,” he said, adding that the agency’s reluctance “demonstrates how the SEC is a failed regulator.”\nThese failures, according to Winklevoss, include cutting investors off from the best investment opportunity of the past decade. Or, as Winklevoss puts it, keeping investors “protected” from exposure to Bitcoin.\nAs the crypto market recoiled after the SEC’s bombshell lawsuits against Binance and Coinbase on June 5, BlackRock’s gambit to establish a spot Bitcoin ETF two weeks later reignited optimism on Crypto Twitter and pushed Bitcoin higher. Capping off a wave of Bitcoin ETF applications from other firms that followed—including Invesco, Wisdom Tree, and Valkyrie—Fidelitythrew its hatback into the ring last week.\nHowever, the SEC believes BlackRock and Fidelity’s recent Bitcoin ETF applications “aren’t sufficiently clear and comprehensive,” according to areportfrom theWall Street Journal.\nWinklevoss asserts that the complete lack of options for spot Bitcoin ETFs has “pushed” U.S. investors toward Grayscale’s Bitcoin Trust. Shares in Grayscale’s Bitcoin trust, launched in 2013, currently trade at a discount relative to its Bitcoin holdings due to shareholders’ inability to redeem their shares.\nWhile Winklevoss called the product “toxic,” he didn’t mention that converting Grayscale’s Bitcoin Trust into an ETF wouldlikely resolvethis discount, and the firm is currentlysuingthe SEC over repeated denials to do just that.\nWinklevoss has joined a chorus of critics who say SEC Chair Gary Gensler ispushing innovation offshore, and said the agency meanwhile thrust “investors into the arms of FTX” and made them victim “to one of the largest financial frauds in modern history.”\nSam Bankman-Fried, the former CEO and founder of FTX, has pleaded not guilty to a litany of charges he faces for conduct at the collapsed exchange, including fraud.\nSending investors abroad in search of Bitcoin exposure has also led them to do business with “unlicensed and unregulated venues,” Winklevoss claimed.\nGemini and the SEC are not on friendly terms. The regulatory agencyaccusedGemini of violating securities laws in January, alleging that its “Gemini Earn” product constitutes an unregistered securities offering. Retail investors could previously loan their crypto to the now-bankrupt firm Genesis—which was alsochargedby the SEC—in exchange for interest on deposits.\nNotably, Genesis and Grayscale are both owned by Digital Currency Group. And Genesis and Gemini have been engaged in a spat over a$900 million loanthat Gemini extended to the crypto lender.\nWinklevossconsidereda lawsuit against DCG and company CEO Barry Silbert earlier thisyear, but Gemini, Genesis, and DCGreachedan agreement “in principle” in February. However, GeminisaidDCG missed a $630 million loan repayment this past month and risks defaulting on its obligations.\nWinklevoss expressed hope that the SEC will “reflect on its dismal record” and focus on its stated duties, “instead of overstepping its statutory power and trying to act like the gatekeeper of economic life.”\nAdditionally, Winklevoss ended his post with accolades for “all those fighting the good fight to bring U.S. spot Bitcoin ETFs to life”—which, in practice, may preclude certain companies that have outstanding applications or lawsuits.", 'Cameron Winklevoss slammed the Securities and Exchange Commission (SEC) for a history of failure on Saturday, noting that it has been ten years since the agency received what he called the first Bitcoin ETF application—and killed it. The Winklevoss twins, who cofounded crypto exchange Gemini, first filed for a spot Bitcoin ETF-like trust in July 2013, moving early to establish an investment vehicle that tracks the price of Bitcoin and trades similarly to stock on exchanges like the Nasdaq. The Winklevoss’ initial filing, along with a second attempt in 2018, was ultimately rejected by the SEC. While futures-based Bitcoin ETFs have since gotten a regulatory green light in the U.S., the SEC claims that no spot ETF arrangement thus far proposed does enough to protect investors from “fraudulent and manipulative acts and practices.” So, on the first filing’s 10-year anniversary, Winklevoss called out the agency for supposedly dragging its feet, recognizing every other application for a spot-based Bitcoin ETF has been stifled as well. “The SEC\'s refusal to approve these products for a decade has been a complete and utter disaster for U.S. investors,” he said, adding that the agency’s reluctance “demonstrates how the SEC is a failed regulator.” Today marks 10 years since @tyler and I filed for the first spot Bitcoin ETF. The @SECGov \'s refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here\'s why: -"protected"… pic.twitter.com/xmK1xo1iX8 — Cameron Winklevoss (@cameron) July 2, 2023 These failures, according to Winklevoss, include cutting investors off from the best investment opportunity of the past decade. Or, as Winklevoss puts it, keeping investors “protected” from exposure to Bitcoin. As the crypto market recoiled after the SEC’s bombshell lawsuits against Binance and Coinbase on June 5, BlackRock’s gambit to establish a spot Bitcoin ETF two weeks later reignited optimism on Crypto Twitter and pushed Bitcoin higher. Capping off a wave of Bitcoin ETF applications from other firms that followed—including Invesco, Wisdom Tree, and Valkyrie—Fidelity threw its hat back into the ring last week. However, the SEC believes BlackRock and Fidelity’s recent Bitcoin ETF applications “aren’t sufficiently clear and comprehensive,” according to a report from the Wall Street Journal . Story continues Winklevoss asserts that the complete lack of options for spot Bitcoin ETFs has “pushed” U.S. investors toward Grayscale’s Bitcoin Trust. Shares in Grayscale’s Bitcoin trust, launched in 2013, currently trade at a discount relative to its Bitcoin holdings due to shareholders’ inability to redeem their shares. While Winklevoss called the product “toxic,” he didn’t mention that converting Grayscale’s Bitcoin Trust into an ETF would likely resolve this discount, and the firm is currently suing the SEC over repeated denials to do just that. Winklevoss has joined a chorus of critics who say SEC Chair Gary Gensler is pushing innovation offshore , and said the agency meanwhile thrust “investors into the arms of FTX” and made them victim “to one of the largest financial frauds in modern history.” Sam Bankman-Fried, the former CEO and founder of FTX, has pleaded not guilty to a litany of charges he faces for conduct at the collapsed exchange, including fraud. Sending investors abroad in search of Bitcoin exposure has also led them to do business with “unlicensed and unregulated venues,” Winklevoss claimed. Gemini and the SEC are not on friendly terms. The regulatory agency accused Gemini of violating securities laws in January, alleging that its “Gemini Earn” product constitutes an unregistered securities offering. Retail investors could previously loan their crypto to the now-bankrupt firm Genesis—which was also charged by the SEC—in exchange for interest on deposits. SEC Calls BlackRock, Fidelity Bitcoin ETF Applications Inadequate: WSJ Notably, Genesis and Grayscale are both owned by Digital Currency Group. And Genesis and Gemini have been engaged in a spat over a $900 million loan that Gemini extended to the crypto lender. Winklevoss considered a lawsuit against DCG and company CEO Barry Silbert earlier this year , but Gemini, Genesis, and DCG reached an agreement “in principle” in February. However, Gemini said DCG missed a $630 million loan repayment this past month and risks defaulting on its obligations. Winklevoss expressed hope that the SEC will “reflect on its dismal record” and focus on its stated duties, “instead of overstepping its statutory power and trying to act like the gatekeeper of economic life.” Additionally, Winklevoss ended his post with accolades for “all those fighting the good fight to bring U.S. spot Bitcoin ETFs to life”—which, in practice, may preclude certain companies that have outstanding applications or lawsuits. View comments', "Cameron Winklevoss slammed the Securities and Exchange Commission (SEC) for a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $594,789,120,569 - Hash Rate: 430515854.7363876 - Transaction Count: 309920.0 - Unique Addresses: 534333.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Total Revenue of $7.67 Million Group Gross profit of $2.99 Million Record Hosting revenue of $4.32 Million Energy Markets Revenue of $0.44 Million 121 Self-mined Bitcoin SHARON, Pa., May 15, 2023 --( BUSINESS WIRE )--Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson"), a digital infrastructure provider, is pleased to report unaudited financial results and highlights for the first quarter ending March 31, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230515005546/en/ Aerial view of Midland Expansion Deployment, Pennsylvania (Photo: Business Wire) Q1 2023 Financial and Business Highlights Revenue of $7.67 million Gross profit of $2.99 million Signed an expansion amendment for an additional 20MW at the Midland, PA facility, increasing the total facility to 120 MW of power available in Q2, 2023 Commenced construction of the final 70 MW of the 120 MW Midland, PA facility Started construction of the new 120 MW Sharon, PA facility, with 12 MW onsite available for energization in Q2, 2023. Corporate Developments Subsequent to Quarter End Sold greenfield Texas leases and transformers for $8.5 million in cash and stablecoin. Acquired new 24 MW facility in Corning, OH on long term lease. Commenced energization of final 70 MW for the Midland, PA facility. Raised circa $5 million equity capital in a registered direct offering to advance new site infrastructure, further development, potential acquisitions, miner acquisitions and working capital. Increased self mining machine count from 5,880 in March to 13,500 machines deployed as of May 10 2023 Strategic Focus Expansion of Bitcoin Self-Mining and Hosting Co-location operations to our projected 7.0 Exahash by Q4, 2023 with the potential to power up to 50,000 hosted and self mining machines. 1 Continue the expansion of our Pennsylvania and Ohio region facilities where the company has strategic relationships, favorable energy contracts and expansion opportunities. Continue with our market leading Energy Markets Program, which offers additional high margin revenue, provides financial flexibility and reduces overall costs of production. Expand upon a portfolio of sites in preferred geographies and jurisdictions for long term digital infrastructure capacity. Develop strategic partnerships and relationships with suppliers, customers and communities. Continue to offer quality hosting services to miners in addition to increasing self-mining capacity. Continue to research the market for attractive buying opportunities for the latest generation ASIC hardware Continue the research and development of ASIC hardware to ensure the most efficient and well performed units are deployed at our locations Story continues James Manning, CEO and Founder of Mawson Infrastructure , said, " The first quarter results reflect the transition of our business to the Midland facility. We are excited as we start turning on the additional capacity in Q2 and securing new facilities to facilitate Mawson’s growth through 2023." Liam Wilson, COO of Mawson Infrastructure , said, "Mawson has hit the ground running in 2023. Our operational team has been busy deploying units ahead of their scheduled Q2, 2023 turn on dates. We were also very pleased with the outcome from the sale of the Texas leases and transformers, and equally as excited about the new opportunity in Corning, Ohio. This is our first site in Ohio, and we look forward to bringing the initial 24 MW online ASAP. Our 20 MW expansion amendment in Midland, PA is a testament to our existing relationships." About Mawson Infrastructure Mawson Infrastructure Group Inc (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group Inc is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure. For more information, visit: www.mawsoninc.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as "expect," "intend," "plan," "anticipate," "believe," and "will," among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading "Risk Factors" included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 11, 2023, November 14, 2022 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. 1 Based on the continued development of the Midland and Sharon facilities to their maximum capacity. Statements about ASIC miner capacity and Exahash forecasts or goals in this document are not an assurance that Mawson will have that many ASIC miners available to deploy (whether self-mining or hosted units), or that Mawson will be able to achieve that EH goal. Mawson’s ability to deploy units and achieve EH goals will depend on many factors such as Mawson’s future ASIC miner purchases and sales, our ability to attract future hosting customers, and the number of ASIC miners’ customers have to deploy, and the efficient and hash rate of those miners. View source version on businesswire.com: https://www.businesswire.com/news/home/20230515005546/en/ Contacts Investor Contact: Brett Maas 646-536-7331 [email protected] www.haydenir.com... - Reddit Posts (Sample): [['u/Possible-Magazine23', 'Seeing DCA strategy been discussed a lot. But what about a "ladder-down" limit order strategy? Let me know your thought please!', 62, '2023-07-02 00:31', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/', 'Hey all,\n\nI\'m trying to come up with a strategy to add some more sats in the 2nd half of the year for the the next bull run. Given I already hold some, I don\'t want to chase any pump or fomo in. So instead of a traditional time-based DCA strategy, I\'m thinking maybe it\'s a better idea to "ladder-down" limit buy orders based on price (don\'t know if there\'s a better name for this). Below is an example.\n\nhttps://preview.redd.it/26bywffnhf9b1.png?width=312&format=png&auto=webp&v=enabled&s=8e3ccfc813d016096de6f2079cc292264cadd3fd\n\nIMO, comparing to DCA, this has at least 2 advantages -\n\n1. I personally view price as risk. This means I only buy when the risk is lower and automatically avoid it when risk is higher.\n2. This allows me to capture the downside volatility, aka "wicks". Those are not very uncommon for BTC and a limit order is basically the only way to capture them.\n\nThere are also 2 disadvantages -\n\n1. If the price goes sideway, I won\'t be able to add any.\n2. Risk of leaving money on an exchange and the opportunity cost of not having it in a safer place where you can get 5%+ now.\n\nI wanted to see what do y\'all think about this? What am I missing? Any thought, comment, or critic is highly appreciated!! \n\nUpdate: Just checked my Strike app and realized now I can do recurring buy using fund pulling by ach from a bank account, instead of depositing it first! This is very good news and makes time-based a bit more attractive!', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/', '14o7pvr', [['u/99698694444449686999', 17, '2023-07-02 01:14', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbh5o6/', 'If you have infinite amount of money, then yes, you will win on distance. Otherwise, read this article first:\n\nhttps://en.m.wikipedia.org/wiki/Martingale_(probability_theory)', '14o7pvr'], ['u/fireyproof', 16, '2023-07-02 02:01', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbn0sq/', "Nothing worse than sitting on the sidelines watching it pump. You know it's unfathomably valuable and these prices are a bargain.", '14o7pvr'], ['u/Beautiful_Bass_3060', 13, '2023-07-02 02:31', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbqjtf/', 'Literally any strategy works so long as you buy low', '14o7pvr'], ['u/Hank___Scorpio', 30, '2023-07-02 02:45', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbs4tx/', 'I do a combination of the two. I dca weekly and then when my emergency fund becomes 150% of my target I ship that 50% to an exchange.\n\nI market buy immediately with 10% and then set 9 limit orders laddered down. If none hit, I clear them and repeat with another market buy and then 8 limit orders. Repeat until that money is exhausted.\n\nI usually use 2-4 weeks as my reset timer.', '14o7pvr'], ['u/berepere', 15, '2023-07-02 05:14', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqc8e1u/', 'two obvious risks (compared to DCA)\n\n\\- some orders never get executed, OR\n\n\\- all orders are executed quickly and the price is much lower', '14o7pvr'], ['u/joannew99', 13, '2023-07-02 05:21', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqc97ek/', "Whatever works for you. I think it's a bit of overthinking though. When the price of BTC is $70k+ it won't really matter that you bought at $27k instead of $30k. And if the price of BTC starts running to $35k+, you will probably end up cancelling your ladder orders to FOMO in.\n\nPersonally, I buy now and forget about it.", '14o7pvr']]], ['u/experiencenonsense', "Why I don't waste my time debating with crypto proponents anymore", 87, '2023-07-02 01:07', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/', 'In my opinion, many of them are willfully ignorant, intellectually dishonest and purposely deceptive people. They never argue in good faith and love to jump from on predictable talking point to another. These people function more like cultists and religious apologists than technology proponents. \n\nBefore you even debate a point with them, you already know how the whole discussion will go. \n\nIt\'s always the same old stupid apologetics and dumb arguments all the time\n\n- "Bitcoin isn\'t bad for the environment - it actually incentivizes renewables!" \n- "Bitcoin isn\'t a greater fool asset - I can send it from wallet to another" (this is an actual argument from a big time bitcoin influencer) \n- "Bitcoin isn\'t negative sum game because it\'s sound money"\n- "But what about the stock market!"\n- "Fiat is programmed to go to zero!"\n- "Crypto represents freedom, self sovereignty and ownership! No one can ever take my crypto from me!"\n - "blah blah blah"\n\nIt\'s mentally exhausting explaining why they\'re wrong and honestly stupid to think the things they do. \n\nThere is one good thing that happened though, there was one guy that I went back and forth with for a few days. Mostly discussing how Bitcoin is a decentralized or a headless ponzi. Explained how all the realised profits only come from other speculators and how it\'s impossible for everyone to profit and explained how it\'s a greater fool asset. The guy really didn\'t have a good rebuttal. I mean how could he? Was he going to prove how Bitcoin was positive sum game? \n\nAnyways, the argument started going in circles. I summed up my points and left it at that. A few months later I see the same guy in another post saying Bitcoin is a ponzi and repeating some of the points I made almost verbatim. Sent him a message and had a nice friendly chat with dude. Felt wholesome. \n\nSo there\'s that I guess. \n\nWhat about you guys? Do you still debate with crypto people? Do you see any value debating and discussing crypto with enthusiasts?', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/', '14o8jcx', [['u/Potential-Coat-7233', 53, '2023-07-02 01:10', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbgnz4/', 'Outside of crypto, if someone is 100% sure of something and wants to have a conversation about it, they are most likely only concerned with bringing you to their position.\n\nI’m not 100% sure about most things.', '14o8jcx'], ['u/Mongorize', 19, '2023-07-02 01:26', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbiq72/', 'I’m with you on that. It’s actually like trying to debate with intellectually challenged Children. I just don’t engage anymore with them for two reasons:\n\n1) There’s no point as they’re far beyond brainwashed it’s just pointless\n\n2) I’m banned from all their subs because they don’t like it when you point out their scams', '14o8jcx'], ['u/experiencenonsense', 18, '2023-07-02 01:29', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbj2sz/', "Just mentally burnt out I guess. Keep hearing all the same nonsensical talking points again and again. \n\nHow many times and how many different ways can you explain why crypto is all just a bunch of bullshi pretending to be advanced technology and a financial revolution when it's really just a bunch of scams and gambling on inefficient poop.\n\n🤷\u200d♂️ I don't know. Just venting.", '14o8jcx'], ['u/Motor_Reputation_331', 18, '2023-07-02 02:05', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbnhry/', 'Tbh I don’t know a single person in real life that still cares about crypto and I don’t use other social media outside Reddit, so if it wasn’t for this site I would assume that no one cared anymore at all. \n\nAs far as I’m concerned crypto isn’t something to debate it’s just something to laugh at, it’s just unfortunate how much damage it’s doing to the environment before people finally let it die.', '14o8jcx'], ['u/AsteriAcres', 19, '2023-07-02 03:05', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbudmy/', "Yes! This! I'm begging folks to ORGANIZE & ACTIVATE against them instead of trying to reason or debate with them. \n\nIf you're in Texas, please consider joining the Texas Coalition Against Cryptomining & everywhere else should join or support the National Coalition Against Cryptomining.", '14o8jcx'], ['u/halloweenjack', 14, '2023-07-02 04:01', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqc0n47/', 'If someone can watch Dan Olson\'s "Line Goes Up" or even spend about ten minutes or so going through Molly White\'s Web3 Is Going Just Great and still support crypto, then they\'re not worth wasting my time on. If they can\'t be bothered to do even that with an open mind, then they\'re definitely not worth my time. Legit businesses and investment opportunities don\'t shun criticism; cults have a plethora of ways of deflecting it. Everyone should know by now what happens when you put your tongue on the metal pole in freezing weather.', '14o8jcx'], ['u/experiencenonsense', 16, '2023-07-02 17:04', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqdzqyo/', 'Yeah Dan Olson\'s video was what did it for me. Actually I was so brainwashed at that point, that I didn\'t even watch it at first but immediately searched for "Dan Olson Debunked" and "Dan Olson Refuted". \n\nAlmost all the procrypto responses to him were along the lines of "oh he\'s right on something things but he\'s just mad and biased and has an agenda".\n\nI had come across critics like Peter Schiff and Nouriel Roubini before who I could just dismiss with "gold salesman" and "Fiat shill" who don\'t know anything about crypto. \n\nNo one was saying the same thing about Dan. So eventually I heard the whole video while driving. And it\'s crazy but he wasn\'t actually saying anything that I hadn\'t heard before from within the crypto community cat fights between eth and btc maxis and "nocoiners". \n\nThere was one line or part where he said something like "all the innovative solutions to blockchain are from problems introduced by the limitations of the blockchain itself"\n\nAt that time I was looking in L2s and ZK rollups and things like that so that point really stuck with me. \n\nThere was nothing I could say against the video and point out what he was wrong about, it looked like it was the same story for the crypto community as well. \n\nWhen he said the whole thing is a greater fool scam. I actually said "yeah, he\'s right technically but...(some weak excuse about future potential)" \n\nGradually and eventually I realised this whole thing was just based on narratives and not really about any kind of tech revolution. It\'s all about just number go up, greed and fooling others into pumping your bags. \n\nThe space is full of grifters and liars. \n\nYeah, I too don\'t understand how you can watch that whole video and still be into crypto.', '14o8jcx']]], ['u/L_man_2200', 'Is it all just a joke to him?', 33, '2023-07-02 03:22', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/', 'Hi, I’m a lurker here, but after recently seeing Elon’s page I wanted to share my frustrations here.\n\nHave you seen his recent activities? Dude isn’t taking any of the backlash seriously at all. Even now he’s choosing to hang out and joke with his dickriders instead of trying to fix the issues.\n\nOne of his recent responses was just a bunch of laughing emojis to tweet making light of someone complaining about the tweet viewing limit. Going like “You have the right to be critical of Musk on his own website, that is freedom.” Or whatever the fuck; and all of his replies are people either stroking his ego, mocking the person being ‘critical’, posting shitty AI art of him, or bitcoin scams. \n\nI swear, he’s doing this on purpose. He’s a idiot for sure, but it also feels like there’s something malicious in his actions. Why? For what reason? I don’t know, but it certainly feels like that to me.', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/', '14obe44', [['u/bodmcjones', 28, '2023-07-02 03:38', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqby3i3/', "He's in the early stages of doing a Howard Hughes. It's all fun and games until it isn't.", '14obe44'], ['u/Ssider69', 16, '2023-07-02 03:58', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc09un/', 'A joke? Who knows. \n\nElmo.wound up in a special place. Because TSLA has such a huge market cap investment banks really don\'t want to see it crash.\n\nThat has nothing directly to do with Twitter, unless of course he has to sell stock to cover his losses.\n\nAnd that is a problem. \n\nAll he had to do is leave it to the pros, be a brand ambassador. But like every mope that goes into Vegas thinking they have a "system" for beating the blackjack tables he doubled down making dumber and dumber moves.', '14obe44'], ['u/Hot-Bint', 24, '2023-07-02 04:28', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc3kul/', 'I feel you. This is parts deliberate, parts incompetence and a great big sprinkling of negligence (not paying bills, not retaining adequate staff).. He even made mockery of it by retweeting his parody account (No image)\n\n"The reason I set a “View Limit” is because we are all Twitter addicts and need to go outside.I’m doing a good deed for the world here.Also, that’s another view you just used."\n\ni.e.: "I meant to do that". Elon is so lost', '14obe44'], ['u/Hot-Bint', 27, '2023-07-02 04:32', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc40yg/', "Howard Hughes was talented and intelligent before the unraveling of his mind. Elon just cuts blow with ketamine and thinks he's clever. He's on par maybe with a former reality show host", '14obe44'], ['u/encapsulated_me', 17, '2023-07-02 04:37', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc4ixn/', 'He also suffered from extreme OCD and god knows what other serious mental issues. Musk is just an insufferable asshole.', '14obe44'], ['u/bringtwizzlers', 14, '2023-07-02 05:27', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc9s78/', 'Also the unfunniest motherfucker to ever be born.', '14obe44'], ['u/babypho', 13, '2023-07-02 07:40', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqclwz7/', "I don't think it's a joke to him to be honest. I think he really does know it's a huge mess and that he's stressing over it. However, I do think he's too vain to admit that he fucked up, or maybe too egotistical to realize that he caused this. His reaction reminds me of what insecure kids do when they fuck up, which is crack some stupid joke and pretend like it's no big deal. He may be doing it subconsciously and is just pretending that this is all a huge meme. But I think he knows and is feeling the stress from this mess.", '14obe44'], ['u/bodmcjones', 12, '2023-07-02 08:05', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqcny3n/', "I think we romanticise Hughes a fair bit. He was born into immense wealth, lost a fair amount of money on buying into his fave forms of media (in Hughes' case, film), and drove one acquired studio into the ground. His businesses mostly did best when he left them in the care of others. He had to sell off his stock in TWA because his shareholders sued him for mismanagement. He is probably best remembered for a craft that had no practical purpose by the time it flew (once) and instantly became a museum piece. \n\nAnd beyond business, he had issues. He self-medicated extensively and unwisely, albeit he gained the habit for better reason than Musk did. He killed a pedestrian in a car crash while showing off to a socialite, and his unsafe working practices killed several during his movie making phase. He had an immense ego and a controlling attitude to women, was repeatedly accused of sexual harassment, held racist views and avoided taxes like the plague. \n\nOn the upside, he made some decent movies and some stinkers and certainly hired and worked with some great engineers, actors, accountants etc. And I think you could certainly argue that he was pretty fearless, until he had one crash too many, and in that he certainly differs from Elon.\n\nRegardless of all the above: my point was that Musk's mind, like Hughes', is taking a scenic route to an unpleasant destination.", '14obe44']]], ['u/pictogasm', 'Want to send USD from my LLC to an offshore vendor as BTC. What services are available?', 31, '2023-07-02 03:52', 'https://www.reddit.com/r/Bitcoin/comments/14obzsx/want_to_send_usd_from_my_llc_to_an_offshore/', 'I am in the US and have an LLC with a corporate bank account.\n\nI hired a creative contributor overseas, and they expressed a preference to be paid in bitcoin.\n\nWhat services are available that I can use to send take USD from my LLC bank account and deliver it as BTC to their wallet (at a reasonable exchange rate / spread)?\n\nThx.', 'https://www.reddit.com/r/Bitcoin/comments/14obzsx/want_to_send_usd_from_my_llc_to_an_offshore/', '14obzsx', [['u/senfmeister', 13, '2023-07-02 03:58', 'https://www.reddit.com/r/Bitcoin/comments/14obzsx/want_to_send_usd_from_my_llc_to_an_offshore/jqc0bff/', 'Strike', '14obzsx']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, July 02, 2023', 24, '2023-07-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/', '14oeffh', [['u/YouAreAnFnIdiot', 19, '2023-07-02 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqchgfm/', 'Half the year done', '14oeffh'], ['u/Yodel_And_Hodl_Mode', 13, '2023-07-02 08:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqcr7ue/', 'He did the math.', '14oeffh'], ['u/escendoergoexisto', 17, '2023-07-02 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqdp7bh/', 'When PA bores us with sideways slithering, I look to BB’s to indicate when the next move will happen. \n\nCurrently, 4H BB’s are maintaining a fairly narrow channel for about the past five days. Daily BB’s, however, are still spread to about an 8K range, due to the pump that started mid-June. So the most likely PA is continued crabbing until daily BB’s tighten. I’m still expecting one more upside move to set a new 2023 ATH when the crab ends.', '14oeffh'], ['u/babyjesusftw1', 15, '2023-07-02 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqe6xzn/', "It's not a credible rumor", '14oeffh'], ['u/Roygbiv856', 13, '2023-07-02 19:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqeg8ot/', 'Thought i included a pretty big disclaimer in there', '14oeffh'], ['u/jarederaj', 12, '2023-07-02 20:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqew29w/', 'Securities laws protect people. His mandate is to enforce securities laws, which is good for crypto. Securities laws are important and enforcement of those laws is essential for a well functioning society.\n\nSecurities laws are written in a way that puts the well-being of people first. It’s delusional to assert that crypto cares about people, or puts them first. Most crypto is an outright scam, let alone the classification as an unregistered security.\n\nThe foundations of securities laws are biblical.', '14oeffh'], ['u/Yodel_And_Hodl_Mode', 13, '2023-07-02 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqeyn8r/', "I have to assume you're new or just typing nonsense for the sake of attempting to be controversial.\n\nEveryone here was euphoric when Bitcoin climbed above 20k in late 2020, surpassing its all time high from 2017. People were literally, euphoric. 70k will cause the same. And then, of course, 100k will bring on the next round of celebration here.\n\nAll in due time. And in the meantime, I'm buyin'.", '14oeffh']]], ['u/rBitcoinMod', 'Daily Discussion, July 02, 2023', 34, '2023-07-02 08:02', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14nnc4z/daily_discussion_july_01_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/', '14ogkse', [['u/United_Speaker5110', 13, '2023-07-02 08:48', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/jqcr8rb/', 'if project like bitcoin fails, normal folks have no hope\n\nbanks/goverments will have them by the balls forever', '14ogkse'], ['u/LuKeNuKuM', 11, '2023-07-02 09:41', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/jqcv4xt/', "I sometimes think about this and it's a truly horrible thought. Bitcoin is hope. If it fails it will hurt a lot of us in a way that's hard to describe.", '14ogkse'], ['u/Dizzy_Space_Invader', 17, '2023-07-02 15:42', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/jqdp5dl/', 'It can’t fail. Pandora’s box has been opened. No going back.', '14ogkse']]], ['u/ModeratorsOfEurope', 'War in Ukraine Megathread LV (55)', 117, '2023-07-02 10:00', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/', '\nThis megathread is meant for discussion of the current Russo-Ukrainian War, also known as the Russian invasion of Ukraine. Please read our [current rules](https://www.reddit.com/r/europe/wiki/community_rules), but also the extended rules below.\n\n# News sources:\n\n- [The Guardian](https://www.theguardian.com/world/series/russia-ukraine-war-at-a-glance)\n\n- [Associated Press](https://apnews.com/hub/russia-ukraine).\n\n- [BBC News](https://www.bbc.com/news/world-60525350)\n\n- [Al Jazeera English](https://www.aljazeera.com/tag/ukraine-russia-crisis/)\n\n- [Financial Times "War in Ukraine" section](https://www.ft.com/war-in-ukraine)\n\nYou can also get up-to-date information and news from the [r/worldnews live thread](https://www.reddit.com/live/18hnzysb1elcs), which are more up-to-date tweets about the situation.\n\n### Current rules extension:\n \nExtended [r/europe ruleset](https://www.reddit.com/r/europe/wiki/community_rules) to curb hate speech and disinformation:\n\n- While we already ban hate speech, we\'ll remind you that hate speech against the populations of the combatants is against our rules. This includes not only Ukrainians, but also Russians, Belarusians, Syrians, Azeris, Armenians, Georgians, etc. The same applies to the population of countries actively helping Ukraine or Russia.\n\n- Calling for the killing of invading troops or leaders is allowed, but the mods have the discretion to remove egregious comments, and the ones that disrespect the point made above. The limits of international law apply. \n\n- No unverified reports of any kind in the comments or in submissions on r/europe. We will remove videos of any kind unless they are verified by reputable outlets. This also affects videos published by Ukrainian and Russian government sources.\n\n- Absolutely no justification of this invasion.\n\n- In addition to our rules, we ask you to add a NSFW/NSFL tag if you\'re going to link to graphic footage or anything can be considered upsetting, including combat footage or dead people.\n\n### Submission rules\n\nThese are rules for submissions to r/europe front-page.\n\t\n- No status reports about the war unless they have major implications (e.g. "City X still holding" would not be allowed, "Russia takes major city" would be allowed. "Major attack on Kherson repelled" would also be allowed.)\n\n- All dot ru domains have been banned by Reddit as of 30 May. They are hardspammed, so not even mods can approve comments and submissions linking to Russian site domains.\n - Some Russian sites that ends with `.com` are also hardspammed, like TASS and Interfax, and mods can\'t re-approve them.\n - The Internet Archive and similar archive websites are also blacklisted here, by us or Reddit.\n- We\'ve been adding substack domains in our u/AutoModerator script, but we aren\'t banning all of them. If your link has been removed, please notify the moderation team, explaining who\'s the person managing that substack page.\n- We ask you or your organization to not spam our subreddit with petitions or promote their new non-profit organization. While we love that people are pouring all sorts of efforts on the civilian front, we\'re limited on checking these links to prevent scam.\n- No promotion of a new cryptocurrency or web3 project, other than the official Bitcoin and ETH addresses from Ukraine\'s government.\n\n### META\n\n[Link to the previous Megathread LIV (54)](https://www.reddit.com/r/europe/comments/1431p5t/war_in_ukraine_megathread_liv_54/)\n\nQuestions and Feedback: You can send feedback via r/EuropeMeta or via [modmail](https://www.reddit.com/message/compose/?to=/r/europe).\n\n---\n \nDonations:\n\nIf you want to donate to Ukraine, check [this thread](https://www.reddit.com/r/europe/comments/t03lml/want_to_support_ukraine_heres_a_list_of_charities/) or [this fundraising account by the Ukrainian national bank](https://www.reddit.com/r/worldnews/wiki/ukrainewar#wiki_donations). \n\n---\n\nFleeing Ukraine\nWe have set up a wiki page with the available information about the border situation for Ukraine [here](https://www.reddit.com/r/worldnews/wiki/ukrainewar). There\'s also information at [Visit Ukraine.Today](https://visitukraine.today) - The site has turned into a hub for "every Ukrainian and foreign citizen [to] be able to get the necessary information on how to act in a critical situation, where to go, bomb shelter addresses, how to leave the country or evacuate from a dangerous region, etc."\n\n---\n\n### Other links of interest\n\n- [Live Map of Ukraine site](https://liveuamap.com/) and [Institute of War](https://understandingwar.org/) have maps that are considered reliable by mainstream media.\n\n- [Wikipedia: 2022 Russian invasion of Ukraine](https://en.wikipedia.org/wiki/2022_Russian_invasion_of_Ukraine)\n\n- [#UkraineFacts: an international coalition of journalists fact-checking media surrounding the war in Ukraine](https://ukrainefacts.org/)\n - DO NOT CONFUSE THIS WITH "War of Fakes". [Deutsche Welle (DW) has reported it as being a source of fake news](https://www.dw.com/en/ukraine-war-how-a-fact-checking-website-is-spreading-russian-propaganda/a-61062940), and the Russian Defense Ministry has linked this site in their tweets before.\n\n- [UNHCR refugee tracker focusing on Ukrainians](https://data2.unhcr.org/en/situations/ukraine)\n\n- [DeepL extension for Google Chrome](https://chrome.google.com/webstore/detail/deepl-translator/kgljlkdpcelbbmdfilomhgjaaefofkfh) and [DeepL extension for Firefox](https://addons.mozilla.org/en-US/firefox/addon/to-deepl/). DeepL is a good alternative to Google Translate for Russian and Ukrainian texts.\n\n---\n\n# Please obey the request of the Ukrainian government to [refrain from sharing info about Ukrainian troop movements](https://i.redd.it/5atggucaurj81.jpg)', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/', '14oijq5', [['u/LFGM-', 10, '2023-07-02 10:06', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqcwxj4/', 'We back?!?', '14oijq5'], ['u/GrappaDiPino', 13, '2023-07-02 10:06', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqcwyd7/', "Y'know, despite all the bad news and the false hopes we had last week, it feels nice to be back here again.", '14oijq5'], ['u/sibips', 12, '2023-07-02 10:24', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqcy7ty/', "Yup. But with no twitter posts, seems that they didn't pay their cloud services.", '14oijq5'], ['u/Plane_Willingness_25', 11, '2023-07-02 11:27', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqd2mng/', '@wartranslated: Despite the encouraging statements by Russian officials, the Antonovsky Bridge foothold is causing a very palpable concern among the Russians. All day yesterday they discussed the footage of Russian soldiers ending up under a heavy barrage while attempting to moor on the Dnieper in a small boat. This was followed by mass calls to find boats all across Russia and bring them in. Today, even Girkin who previously dismissed the perspectives of such a foothold, came out with a very long post saying Russians are unable to "dislodge" the Ukrainian defence forces', '14oijq5'], ['u/Zhukov-74', 17, '2023-07-02 12:16', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqd62a9/', 'Now that Twitter is inaccessible getting new information regarding the war in Ukraine is going to be such a pain in the ass.', '14oijq5'], ['u/Zhukov-74', 13, '2023-07-02 12:27', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqd6vhn/', 'Unregistered accounts can’t view tweets anymore and registered accounts can only see a certain amount of tweets each day.', '14oijq5'], ['u/Ugg-ugg', 13, '2023-07-02 13:56', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqddvpd/', "In Russia's contest on which tank model they can lose the most, the T-80BV tank (325 losses) has overtaken the T-72B3 tank (316 losses) according to the Oryx blog.\n\nDuring the break Russia also used their first T-54/T-55 in combat as a VIED (Vehicle Improvised Explosive Device). It got blown up before it reached Ukrainian lines.\n\nCurrently there are 2082 tanks lost by Russia with at least 1300 of these confirmed destroyed.\n\nhttps://www.oryxspioenkop.com/2022/02/attack-on-europe-documenting-equipment.html\n\nIn other news (which I can't link because Twitter) the Oryx blog is ending come October.", '14oijq5'], ['u/perestroika-pw', 18, '2023-07-02 14:57', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdjz6t/', 'Multiple sources including news media (ERR link [here](https://www.err.ee/1609023185/ekspert-wagneri-rahastuse-tunnistamine-on-toend-putini-vastu-kohtus), article in Estonian covers multiple topics) confirm that intense fighting continues for the Ukranian bridgehead near the ruined Antonivsky bridge (which used to cross the Dnipro at Kherson).\n\nIt is said that Ukranian troops take cover in the ruins of the bridge, and in the area of summer houses around the bridge landing point. Russian troops in the region are not the strongest, and have made repeated efforts to push Ukrainians "into the river", with no success. A strike with Iskander has been carried out, but didn\'t change the situation decisively.\n\nApparently, they cannot suppress Ukrainian supply lines which use small boats. But since the supply line works using small boats, Ukrainians have only very limited equipment.', '14oijq5'], ['u/GoodGollyGuitar', 14, '2023-07-02 15:15', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdm0lb/', 'The Ukrainians attempting to establish the bridgehead are possessed of unfathomable courage.', '14oijq5'], ['u/TheIncredibleHeinz', 25, '2023-07-02 16:14', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdt2uu/', 'If you thought setting up a repair hub for Leopards in Poland would surely go smoother than previous projects, well, think again.\n\n> When Boris Pistorius went before the cameras at the U.S. Ramstein Air Base on April 21, he had good news written down on his little speech slips. As early as the end of May, the defense minister announced almost proudly, a repair center would open in Poland for the Leopard main battle tanks supplied to Ukraine. Shortly before, Pistorius had signed a corresponding declaration of intent with his Polish colleague Mariusz Blaszczak on the fringes of the meeting of Ukraine supporters.\n\n> In Ramstein, Pistorius stressed in detail how important the German-Polish joint project is for Ukraine. For example, he said, the tank workshop will ensure that delivered weapons systems that come back from the front damaged or worn out in combat "can be quickly repaired and overhauled if necessary." Listening to Pistorius, the plan seemed concrete. Even the approximate cost of the so-called repair hub he could already put at around 150 million euros.\n\n> In the meantime, a good two months after the meeting in Ramstein, the optimism has faded, and not only for the minister. According to insiders from the defense industry, the German-Polish tank project has not yet made any progress. Instead, Berlin and Warsaw are wrangling relentlessly over the details of how the joint venture will be structured. A first draft of the contract has been available for several days. By the end of last week, however, the paper had not been signed because of various contentious points.\n\n> At first glance, the idea for the joint hub sounded impressively simple. First, the two German tank manufacturers Rheinmetall and Krauss-Maffei Wegmann (KMW) were to set up a joint venture. Together with the Polish state-owned armaments manufacturer PGZ, the plan was to set up a joint tank workshop at the Polish sites in Gliwice and Poznan. The cost of refurbishing the Leopards would have been borne by the German government.\n\n> However, industry circles say the project has so far been thwarted by Poland. For example, the Polish company PGZ had presented very idiosyncratic ideas for the costs of the work on the tanks; insiders spoke of "moon prices." For example, PGZ wanted to charge more than 100,000 euros for the so-called "initial diagnosis" of the tanks. In Germany, it\'s usually only about 12,000 euros for this diagnosis. In addition, PGZ does not want to provide any warranty for the repairs, which is also highly unusual.\n\n>German tank manufacturers have few illusions about what lies behind Poland\'s special requests. For months now, the government in Warsaw has been downright waging a campaign against Berlin. The ruling PiS party hardly ever misses an opportunity to rail against the German government. Even before the delivery of the battle tanks, Warsaw had publicly denounced Berlin as being a drag. It is therefore reasonable to assume that the quibbles over the tank hub are also politically motivated.\n\n>For the German defense minister, the situation is tricky. On the one hand, Boris Pistorius knows how important the hub is for the Ukrainian offensive. Already, several Leopard tanks in need of repair have arrived in Poland from Ukraine. So taking a long time to launch the repair center is not an option. At the same time, Pistorius will not like the impression that he was ripped off when it came to the terms of the joint project.\n\n>Pistorius will have the opportunity for a clarifying discussion on Monday. Together with his Polish colleague Blaszczak, he wants to visit a German Patriot air defense position in the Polish town of Zamość, which was stationed there to protect a freight station. Before the appointment, the two ministers will meet for an hour-long discussion. It could be the last opportunity to save the prestigious German-Polish project before the NATO summit in mid-July.\n\n> https://www.spiegel.de/politik/deutschland/berlin-und-warschau-streiten-ueber-leopard-werkstatt-a-8a3e52c0-6772-470b-8008-0c1390fb23a7', '14oijq5'], ['u/User929290', 26, '2023-07-02 16:17', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdti5f/', 'Should set it in Romania or Moldova, Poland is not a reliable partner.', '14oijq5'], ['u/stupendous76', 19, '2023-07-02 16:28', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqduulf/', "> Pistorius will have the opportunity for a clarifying discussion on Monday.\n\nWhy should Pistorius have that discussion? Poland is to blame, let them explain why they act like this. \nSpoiler: they won't because, well, PiS.", '14oijq5'], ['u/FatFaceRikky', 22, '2023-07-02 17:20', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqe1tly/', 'Would probably be faster to put the tanks on a train and do it in Germany. That adds 2 days for the roundtrip, hardly a factor.', '14oijq5'], ['u/User929290', 33, '2023-07-02 17:50', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqe5zuv/', 'Wagner media group has been shut down\n\nhttps://www.reuters.com/world/europe/prigozhin-controlled-russian-media-group-shuts-amid-mutiny-fallout-2023-07-02/\n\nSo Wagner is rather officially no more. Ironically it was instrumental for Russia soft power in Africa.', '14oijq5'], ['u/WojciechM3', 22, '2023-07-02 20:03', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqeoex2/', "It may suprise you, but it may not be entirely PiS fault (nor German). Let me explain it to you below.\n\nPGZ is a holding company under which daughter-companies operates. Some of them are absolutely fantastic companies, like HSW (producing things like artillery guns, Borsuk IFV) or ZM Mesko (missile company). Unfortunately some others are complete mess.\n\nPolish facility responsible for maintain of Leopard 2 is probably most problematic company owned by PGZ. There are endless issues with them, just to mention Leo 2 modernisation program. Do you know why Krab SPG uses Korean chassis? Because original chassis provided by abovementioned company had so bad quality that army refused to accept it.\n\nWe don't know why no one ever sorted out how they operate. Believe me, probles mentioned by you are same problems which exist in their relations with a Polish Army.", '14oijq5'], ['u/ErwinErzaehler', 16, '2023-07-02 20:50', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqeuzlp/', ">I remind you that the service centre for PzH 2000 in Slovakia is still not working [link].\n\nDo you by any chance have an article that isn't 5 months old to support your claim that the Service center still isn't working? Other articles from around the same time (February) spoke about a solution to the problem after the german MoD Pistorius talked to his slovakian counterpart at the NATO-meeting on 15th of February.", '14oijq5'], ['u/ErwinErzaehler', 17, '2023-07-02 21:03', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqewp7u/', "One could also argue in the other direction, that the issue was solved, since it wasn't talked about after that. The repair hub still not working after 5 months would be a pretty newsworthy.", '14oijq5'], ['u/ErwinErzaehler', 12, '2023-07-02 21:34', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqf10pi/', 'I found an (paywalled) article from early April that suggest that the issue really was solved [link](https://www.sueddeutsche.de/politik/waffen-ukraine-wartung-rheinmetall-reparatur-rumaenien-1.5780919) (or https://archive. fo/2023.04.04-071536/https://www. sueddeutsche.de/politik/waffen-ukraine-wartung-rheinmetall-reparatur-rumaenien-1.5780919 (directly linking archived articles isn\'tallowed here, just remove the spaces in the URL)\n\n > Finally, the Slovakian defense company Konštrukta was brought in to solve the problems, including transport to and from the border. In the Ministry of Defense, the dedication of KNDS is praised, after all, more contracts had to be worked out and signed: Konštrukta with Ukraine, KNDS with Ukraine, and licenses were needed to transport the military equipment that was already jammed at the Ukrainian border.\nNow the operation is to start quickly, there is talk of this week, next week at the latest. "It\'s finally getting rolling," there is noticeable relief in the Defense Ministry.', '14oijq5']]], ['u/The-Sailor-01', 'Less than 300 days left to halving', 261, '2023-07-02 10:54', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/', "Today it's 299 days left to halving, according to [BitcoinHalving.info](https://bitcoinhalving.info/) . It seems like yesterday that the last halving occurred, but time flies. Looking forward to it!\n\nEDIT: someone asked via PM if the website is mine because they were interested in acquiring it. No, it's not mine, but I use it to keep track of the halving and I suggest everyone to bookmark it as well.", 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/', '14ojfo9', [['u/b__i__t', 54, '2023-07-02 11:10', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd1fky/', 'Only 10 months left already?!', '14ojfo9'], ['u/trrum', 34, '2023-07-02 12:00', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd4vzq/', 'Thats anyone’s guess. In the meantime stack sats, take care of yourself and loved ones and live life', '14ojfo9'], ['u/The-Sailor-01', 12, '2023-07-02 12:01', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd4zhw/', 'Since the reward drops to only 3.125 BTC, the price will likely increase.', '14ojfo9'], ['u/TillATH_145K', 23, '2023-07-02 12:28', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd6wfp/', 'I am getting so excited, i remember my first halving watching that countdown clock. Then bang from 25 to 12.5 next block like magic. 6.25 is gonna be sweet as', '14ojfo9'], ['u/Starkgaryen69', 12, '2023-07-02 12:39', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd7pzz/', 'Time flies', '14ojfo9'], ['u/Outrageous_Duty_8738', 28, '2023-07-02 12:54', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd8t60/', '10 months in crypto is like a lifetime things can change so much in the blink of an eye but to all Bitcoin holders I hope it will be profitable for us all', '14ojfo9'], ['u/jojothehodler', 47, '2023-07-02 14:09', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqdf4fj/', "It's already 6.25\n\nIt's gonna be 3.125", '14ojfo9'], ['u/TillATH_145K', 17, '2023-07-02 14:21', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqdg7pz/', 'Oops .. even better yet', '14ojfo9'], ['u/SleepCom', 12, '2023-07-02 21:06', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqex4xy/', 'OG here.\n\nBack in the day, they used to say that the halvening was "priced in" all the time. Because everyone KNEW the supply would cut in half, they also knew the price would increase, and therefore had already started pre-purchasing bitcoin in preparation for the event. The theory was that all that demand would increase the price of BTC so much before the halvening that the actual post-halvening price would probably be the same. This never was the case. \n\nIt doesn\'t matter that everyone interested and buying bitcoin knew the supply would be cut in half. The price of BTC always skyrocketed after the halvening when compared to what people valued it before. You could show everyone a crystal ball that proves the future price of bitcoin, and no one would believe it. It\'s math that no one is willing to bet on. \n\nBTC is going to go through a long legal fight. It\'s going to need clarification on a global scale. That means politics and business working together. How fast that happens depends on your flavor of both. The beautiful thing about the bitcoin network is that it exists outside the realm of politics, and it\'s only useful for business when it\'s neutral. Bitcoin will win in the end, but it\'s going to smash through some nasty barriers first. \n\nAs the price of bitcoin increases, and the culture of Western governments tends towards authoritarian leftism, expect there to be some cultural anger/angst at those that own bitcoin. It\'s property that cannot be confiscated, and this goes against the major tenants of democratic socialism. Likewise, China will have to deal with a new type of digital property that is not capable of being censored. In all, the world is going to have to learn how to deal with more liberty and freedom. Some people can handle freedom responsibly, and others believe it\'s a curse. It seems the internet, and bitcoin were invented to find the answer to this problem.', '14ojfo9']]], ['u/thenearblindassassin', 'How can we come to terms with spending deflationary currency', 25, '2023-07-02 13:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/', "One thing that I can't seem to grasp is how we can come to terms with spending currency we all seem to agree will increase in value over time. While inflation can hurt individuals depending on how much the yearly inflation rate changes, that does happen with growing economies and increased spending. Deflationary currency should be good for people selling goods since the currency used for the transaction will increase in value. However this doesn't seem to be good for the consumer, since there is a chance that over time, they had parted with too much of their money in previous transactions. Basically something like the guy who spent 10k Bitcoin on pizza. \n\nRight now I'm in the process of buying a car, and trying to scrape together as much as possible for a down payment. So, I have decided to sell the last of the crypto I have. Right now, we're seeing a boost in the market and my crypto has gone up very much in value. I know I should sell at this time, but I had thought the same last week and now the same coins I had intended on selling have increased in price by 22%. That's pretty wild for one week. Had I sold, I would have lost out on a significant amount of money . \n\nIn general, how do we have incentive to actually use our crypto for things like buying goods? How is a deflationary currency intended to be used in a real economy? Idk. Sometimes I feel like the only thing crypto could be used for is an investment. Im obviously not an economist, so I'd love to hear other's opinions.", 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/', '14olljo', [['u/Hank___Scorpio', 21, '2023-07-02 13:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/jqda750/', "You need to eat don't you? You need things don't you? \n\nYou're going to start evaluating what you actually want. Companies offering useless disposable garbage will start to go bankrupt. \n\nRemember how people say we don't make em like we used to? We're gonna make em like that again. You want my bitcoin? Make it worth it.\n\nIn 50 years the whole price discovery rocketship will mostly be settled down and be much less volatile. Stories like the pizza story will continue to happen but will become much less severe over time.", '14olljo'], ['u/Nyarlatotep781', 10, '2023-07-02 13:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/jqdae7n/', 'Always take profits! Most of this sub sees crypto as a storage of value and/or a hedge against inflation.', '14olljo'], ['u/crypto_grandma', 11, '2023-07-02 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/jqdcs3t/', "Exactly this. If you need (or really want) something, you'll spend the Bitcoin. I've trad... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin traded little changed and Ether gained on Monday morning in Asia, with prices of most other top 10 non-stablecoin cryptocurrencies mixed. Solana added to gains after a slump that followed it being labeled a security by the U.S. financial regulator. Litecoin led winners, still riding the optimism of being included in the tokens trading on the Wall Street-backed EDX Markets exchange that opened on June 20.\nBitcoin added 0.41% to US$30,730.25 over the last 24 hours to 6:30 a.m. in Hong Kong, according to CoinMarketCapdata. After a jump that followed a raft of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June, the world’s largest cryptocurrency by market capitalization has lost direction, adding just 0.61% over the past seven days.\nThe U.S. regulator that approves ETFs, the Securities and Exchange Commission (SEC), on Friday indicated it was unimpressed by the Bitcoin ETF applications by financial heavyweights such asBlackrockandFidelity Investments, according to areportby the Wall Street Journal.\nEther, the world’s second biggest token by market capitalization, added 1.49% to US$1,954.67.\xa0 It’s gained 2.65% for the seven days.\nSolana was among the gainers in mixed early Asia trading for other top 10 non-stablecoin cryptocurrencies by market capitalization. The token rose 5.48% to US$19.43 for a weekly gain of 14.47%.\nSolana is rallying after a raft of bearish indicators last week, with Solana-based non-fungible token (NFT) protocol Cardinal saying it wasshutting down, citing “macroeconomic challenges.” The Revolut neobank and crypto exchange also reportedlytoldU.S.-based users last Wednesday that it will delist Solana, along with Cardano and Polygon.\nThe three tokens were among cryptocurrencies that the SEC named as illegally issued financial securities in itslawsuitfiled last month against the Coinbase and Binance.US exchanges.\nVitalik Buterin, the creator of Ethereumwroteon Twitter on Friday that the tokens don’t deserve to be targeted.\xa0 “If ethereum ends up “winning” through all other blockchains getting kicked off exchanges, that’s not an honorable way to win, and in the long term probably isn’t even a victory.”\nLitecoin led the gainers with a 6.37% increase in the last 24 hours to US$112.96. The token surged 27.98% in the past seven days.\nLitecoin, which was created in 2011 as a hard fork to Bitcoin, was one of the four tokens selected to trade on the EDX Markets exchange, which is backed by Citadel Securities and Fidelity Investments. The other tokens are Bitcoin, Ether and Bitcoin Cash. The New Jersey-based EDX opened for business despite thecrackdownon crypto from U.S. regulators.\nThe California-based crypto exchange Kraken wasorderedby a U.S. judge on Friday to submit information about its users to the Internal Revenue Service in an investigation of underreported tax liabilities. The crypto exchange wasfinedUS$30 million in February by the SEC for its staking services, which the federal agency said were an offering of unregistered securities.\nOther crypto movers included Tron, which dipped 1.85% to US$0.07572, but gained 3.31% for the week. Binance’s BNB token edged down 0.31% to US$247.13, and Cardano’s ADA fell 0.13% to US$0.2905.\nThe total cryptocurrency market cap edged up 0.02% to US$1.2 trillion, with trading volume dropping 7.54% to US$27.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 1.49% to 2,910.36 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 4.59% for the week.\nTotal NFT trading volume dipped 9.68% to US$28.3 million, while volume on Ethereum rose 3.12% to US$22.3 million.\n“Brutal weekend for NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “It might be easy to point to Azuki’s Elementals mint as the catalyst still, but lowering average sales and floor prices in top collections prior to Elementals mint showed that we were on the cusp of another free fall.”\nThe AzukiElementalscollection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original.\nAzuki founder Alex Xu, who goes by the moniker Zagabond, met with its community last Thursday to address complaints about the mint and Elementals issued a public apology onTwitter, saying they “missed the mark” and that the new release diluted the value of the popular collection.\nEthereum-based Bored Ape Yacht Club NFTs topped the volume ranking on Cryptoslam at US$3.87 million. Another Ethereum-based collection, The Captainz, came in at second place with US$2.3 million.\nOver the weekend, the Memeland team behind The Captainz NFTs,revealedtheir PFPs or Profile Picture art upgrades for the collection but met with mixed to negative response. “Most negative responses to the art came from people who were unaware that the art would be upgradeable with purchasable traits,” Petscher explained. “Without these traits the base characters are nearly identical, which caused some confusion in the NFT community.”\nU.S. stock futures werelittle changedas of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.029%, S&P 500 futures dipped 0.011%, while Nasdaq Futures added 0.068%.\nU.S. equities rallied during regular trading on Friday, the last day of the first half of 2023, though face disruptions to trading this week with limited trading hours on Monday and the July 4 public holiday on Tuesday when equity markets will be closed.\nEconomic indicators to come this week include US manufacturing activity on Monday as well as a monthly jobs report on Friday. Tesla Inc.’s Sundayannouncementof record-breaking vehicle sales in the second quarter is a bullish factor for investors.\nJapan equities on Monday gained on the coattails of the Friday rally on Wall Street, with technology stocksleading the gainsin Tokyo.\nIn China manufacturingslowed, but by less than expected. Both purchasing managers’ Indices in Taiwan and South Korea also showed manufacturing contraction.\nOn Wednesday, U.S. Treasury Secretary Janet Yellen is traveling to China in an effort to try andimprovecommunications and the frosty ties between the world’s two largest economies.\nInvestors are expecting more interest rate hikes this year in the U.S. following reiterated warnings from Fed Chair Jerome Powell in speeches last week in Europe that inflation has yet to be brought under control.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 87.4% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26 and predicts only a 12.6% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Bitcoin traded little changed and Ether gained on Monday morning in Asia, with prices of most other top 10 non-stablecoin cryptocurrencies mixed. Solana added to gains after a slump that followed it being labeled a security by the U.S. financial regulator. Litecoin led winners, still riding the optimism of being included in the tokens trading on the Wall Street-backed EDX Markets exchange that opened on June 20.\nBitcoin added 0.41% to US$30,730.25 over the last 24 hours to 6:30 a.m. in Hong Kong, according to CoinMarketCapdata. After a jump that followed a raft of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June, the world’s largest cryptocurrency by market capitalization has lost direction, adding just 0.61% over the past seven days.\nThe U.S. regulator that approves ETFs, the Securities and Exchange Commission (SEC), on Friday indicated it was unimpressed by the Bitcoin ETF applications by financial heavyweights such asBlackrockandFidelity Investments, according to areportby the Wall Street Journal.\nEther, the world’s second biggest token by market capitalization, added 1.49% to US$1,954.67.\xa0 It’s gained 2.65% for the seven days.\nSolana was among the gainers in mixed early Asia trading for other top 10 non-stablecoin cryptocurrencies by market capitalization. The token rose 5.48% to US$19.43 for a weekly gain of 14.47%.\nSolana is rallying after a raft of bearish indicators last week, with Solana-based non-fungible token (NFT) protocol Cardinal saying it wasshutting down, citing “macroeconomic challenges.” The Revolut neobank and crypto exchange also reportedlytoldU.S.-based users last Wednesday that it will delist Solana, along with Cardano and Polygon.\nThe three tokens were among cryptocurrencies that the SEC named as illegally issued financial securities in itslawsuitfiled last month against the Coinbase and Binance.US exchanges.\nVitalik Buterin, the creator of Ethereumwroteon Twitter on Friday that the tokens don’t deserve to be targeted.\xa0 “If ethereum ends up “winning” through all other blockchains getting kicked off exchanges, that’s not an honorable way to win, and in the long term probably isn’t even a victory.”\nLitecoin led the gainers with a 6.37% increase in the last 24 hours to US$112.96. The token surged 27.98% in the past seven days.\nLitecoin, which was created in 2011 as a hard fork to Bitcoin, was one of the four tokens selected to trade on the EDX Markets exchange, which is backed by Citadel Securities and Fidelity Investments. The other tokens are Bitcoin, Ether and Bitcoin Cash. The New Jersey-based EDX opened for business despite thecrackdownon crypto from U.S. regulators.\nThe California-based crypto exchange Kraken wasorderedby a U.S. judge on Friday to submit information about its users to the Internal Revenue Service in an investigation of underreported tax liabilities. The crypto exchange wasfinedUS$30 million in February by the SEC for its staking services, which the federal agency said were an offering of unregistered securities.\nOther crypto movers included Tron, which dipped 1.85% to US$0.07572, but gained 3.31% for the week. Binance’s BNB token edged down 0.31% to US$247.13, and Cardano’s ADA fell 0.13% to US$0.2905.\nThe total cryptocurrency market cap edged up 0.02% to US$1.2 trillion, with trading volume dropping 7.54% to US$27.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 1.49% to 2,910.36 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 4.59% for the week.\nTotal NFT trading volume dipped 9.68% to US$28.3 million, while volume on Ethereum rose 3.12% to US$22.3 million.\n“Brutal weekend for NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “It might be easy to point to Azuki’s Elementals mint as the catalyst still, but lowering average sales and floor prices in top collections prior to Elementals mint showed that we were on the cusp of another free fall.”\nThe AzukiElementalscollection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original.\nAzuki founder Alex Xu, who goes by the moniker Zagabond, met with its community last Thursday to address complaints about the mint and Elementals issued a public apology onTwitter, saying they “missed the mark” and that the new release diluted the value of the popular collection.\nEthereum-based Bored Ape Yacht Club NFTs topped the volume ranking on Cryptoslam at US$3.87 million. Another Ethereum-based collection, The Captainz, came in at second place with US$2.3 million.\nOver the weekend, the Memeland team behind The Captainz NFTs,revealedtheir PFPs or Profile Picture art upgrades for the collection but met with mixed to negative response. “Most negative responses to the art came from people who were unaware that the art would be upgradeable with purchasable traits,” Petscher explained. “Without these traits the base characters are nearly identical, which caused some confusion in the NFT community.”\nU.S. stock futures werelittle changedas of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.029%, S&P 500 futures dipped 0.011%, while Nasdaq Futures added 0.068%.\nU.S. equities rallied during regular trading on Friday, the last day of the first half of 2023, though face disruptions to trading this week with limited trading hours on Monday and the July 4 public holiday on Tuesday when equity markets will be closed.\nEconomic indicators to come this week include US manufacturing activity on Monday as well as a monthly jobs report on Friday. Tesla Inc.’s Sundayannouncementof record-breaking vehicle sales in the second quarter is a bullish factor for investors.\nJapan equities on Monday gained on the coattails of the Friday rally on Wall Street, with technology stocksleading the gainsin Tokyo.\nIn China manufacturingslowed, but by less than expected. Both purchasing managers’ Indices in Taiwan and South Korea also showed manufacturing contraction.\nOn Wednesday, U.S. Treasury Secretary Janet Yellen is traveling to China in an effort to try andimprovecommunications and the frosty ties between the world’s two largest economies.\nInvestors are expecting more interest rate hikes this year in the U.S. following reiterated warnings from Fed Chair Jerome Powell in speeches last week in Europe that inflation has yet to be brought under control.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 87.4% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26 and predicts only a 12.6% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Bitcoin traded little changed and Ether gained on Monday morning in Asia, with prices of most other top 10 non-stablecoin cryptocurrencies mixed. Solana added to gains after a slump that followed it being labeled a security by the U.S. financial regulator. Litecoin led winners, still riding the optimism of being included in the tokens trading on the Wall Street-backed EDX Markets exchange that opened on June 20. Mixed crypto Bitcoin added 0.41% to US$30,730.25 over the last 24 hours to 6:30 a.m. in Hong Kong, according to CoinMarketCap data . After a jump that followed a raft of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June, the world\x92s largest cryptocurrency by market capitalization has lost direction, adding just 0.61% over the past seven days. The U.S. regulator that approves ETFs, the Securities and Exchange Commission (SEC), on Friday indicated it was unimpressed by the Bitcoin ETF applications by financial heavyweights such as Blackrock and Fidelity Investments , according to a report by the Wall Street Journal. Ether, the world\x92s second biggest token by market capitalization, added 1.49% to US$1,954.67.\xa0 It\x92s gained 2.65% for the seven days. Solana was among the gainers in mixed early Asia trading for other top 10 non-stablecoin cryptocurrencies by market capitalization. The token rose 5.48% to US$19.43 for a weekly gain of 14.47%. Solana is rallying after a raft of bearish indicators last week, with Solana-based non-fungible token (NFT) protocol Cardinal saying it was shutting down , citing \x93macroeconomic challenges.\x94 The Revolut neobank and crypto exchange also reportedly told U.S.-based users last Wednesday that it will delist Solana, along with Cardano and Polygon. The three tokens were among cryptocurrencies that the SEC named as illegally issued financial securities in its lawsuit filed last month against the Coinbase and Binance.US exchanges. Vitalik Buterin, the creator of Ethereum wrote on Twitter on Friday that the tokens don\x92t deserve to be targeted.\xa0 \x93If ethereum ends up \x93winning\x94 through all other blockchains getting kicked off exchanges, that\x92s not an honorable way to win, and in the long term probably isn\x92t even a victory.\x94 Story continues Litecoin led the gainers with a 6.37% increase in the last 24 hours to US$112.96. The token surged 27.98% in the past seven days. Litecoin, which was created in 2011 as a hard fork to Bitcoin, was one of the four tokens selected to trade on the EDX Markets exchange, which is backed by Citadel Securities and Fidelity Investments. The other tokens are Bitcoin, Ether and Bitcoin Cash. The New Jersey-based EDX opened for business despite the crackdown on crypto from U.S. regulators. The California-based crypto exchange Kraken was ordered by a U.S. judge on Friday to submit information about its users to the Internal Revenue Service in an investigation of underreported tax liabilities. The crypto exchange was fined US$30 million in February by the SEC for its staking services, which the federal agency said were an offering of unregistered securities. Other crypto movers included Tron, which dipped 1.85% to US$0.07572, but gained 3.31% for the week. Binance\x92s BNB token edged down 0.31% to US$247.13, and Cardano\x92s ADA fell 0.13% to US$0.2905. The total cryptocurrency market cap edged up 0.02% to US$1.2 trillion, with trading volume dropping 7.54% to US$27.26 billion, according to CoinMarketCap data. NFTs \x93brutal weekend\x94 The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 1.49% to 2,910.36 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 4.59% for the week. Total NFT trading volume dipped 9.68% to US$28.3 million, while volume on Ethereum rose 3.12% to US$22.3 million. \x93Brutal weekend for NFTs,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93It might be easy to point to Azuki\x92s Elementals mint as the catalyst still, but lowering average sales and floor prices in top collections prior to Elementals mint showed that we were on the cusp of another free fall.\x94 The Azuki Elementals collection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original. Azuki founder Alex Xu, who goes by the moniker Zagabond, met with its community last Thursday to address complaints about the mint and Elementals issued a public apology on Twitter , saying they \x93missed the mark\x94 and that the new release diluted the value of the popular collection. Ethereum-based Bored Ape Yacht Club NFTs topped the volume ranking on Cryptoslam at US$3.87 million. Another Ethereum-based collection, The Captainz, came in at second place with US$2.3 million. Over the weekend, the Memeland team behind The Captainz NFTs, revealed their PFPs or Profile Picture art upgrades for the collection but met with mixed to negative response. \x93Most negative responses to the art came from people who were unaware that the art would be upgradeable with purchasable traits,\x94 Petscher explained. \x93Without these traits the base characters are nearly identical, which caused some confusion in the NFT community.\x94 U.S. equity futures little changed U.S. Secretary of the Treasury Janet Yellen \| Getty Images U.S. stock futures were little changed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.029%, S&P 500 futures dipped 0.011%, while Nasdaq Futures added 0.068%. U.S. equities rallied during regular trading on Friday, the last day of the first half of 2023, though face disruptions to trading this week with limited trading hours on Monday and the July 4 public holiday on Tuesday when equity markets will be closed. Economic indicators to come this week include US manufacturing activity on Monday as well as a monthly jobs report on Friday. Tesla Inc.\x92s Sunday announcement of record-breaking vehicle sales in the second quarter is a bullish factor for investors. Japan equities on Monday gained on the coattails of the Friday rally on Wall Street, with technology stocks leading the gains in Tokyo. In China manufacturing slowed , but by less than expected. Both purchasing managers\x92 Indices in Taiwan and South Korea also showed manufacturing contraction. On Wednesday, U.S. Treasury Secretary Janet Yellen is traveling to China in an effort to try and improve communications and the frosty ties between the world\x92s two largest economies. Investors are expecting more interest rate hikes this year in the U.S. following reiterated warnings from Fed Chair Jerome Powell in speeches last week in Europe that inflation has yet to be brought under control. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 87.4% chance for a 25-basis-point rate hike at the Fed\x92s next meeting on July 26 and predicts only a 12.6% chance the Fed will leave rates unchanged. (Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show upside potential as issuers work to refile their bitcoin ETF applications.\nInsights:Is Japan racing toward the future of crypto? Or stuck a few years in the past?\nCoinDesk Market Index (CMI)\n1,258\n+5.8▲0.5%\nBitcoin (BTC)\n$30,654\n+71.4▲0.2%\nEthereum (ETH)\n$1,938\n+15.3▲0.8%\nS&P 500\n4,450.38\n+53.9▲1.2%\nGold\n$1,927\n+17.4▲0.9%\nNikkei 225\n33,189.04\n−45.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,654", "+71.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,938", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,450.38", "+53.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,927", "+17.4\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,189.04", "\\u221245.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC Says ETF Applications Aren\'t Good Enough, But Bitcoin Hasn\'t Given up Hope\nAs North America celebrates a long weekend, markets are quiet, but both bitcoin (BTC) and ether (ETH) are maintaining price stability.\nBitcoin is opening the trading week in Asia at $30,654,according to CoinDesk data, whileether is at $1,938.CoinDesk IndicesBitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period.\nCrypto had arough end to last week, as the U.S. Securities and Exchange Commission (SEC) said that current bitcoin ETF filings were “inadequate” sending prices down.Some of the issuershave re-filed, naming Coinbase as their market surveillance partner.\nBitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27K-$29K, and he says that such price action is likely to result in deeper declines in altcoins.\n“Last week, we highlighted how Bitcoin staying above $30K would be positive for the market. This week we saw some of that sentiment shift toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied,” he told CoinDesk in a note. “Market participants will do well to remain cautious of sustained upside momentum.”\nDespite the week opening with a holiday, this week will see some major economic events, with the June FOMC minutes being published on Wednesday – which will give more insight into how the Fed will next move on interest rates – JOLTs Job openings on Thursday, and new unemployment numbers on Friday.\nTraders will no doubt be balancing all of that against news of the SEC’s next steps on the bitcoin ETFs.\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.2%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.3%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nIs Japan in the Crypto Future? Or a Few Years in the Past?\nExplore the Japanese internet for a while, and you’ll find that it looks a bit ancient.\nYou can do many more things online in Japan than you could in the West, but there are a few notable exceptions, and overall the country’s Web2 space feels a decade out of date. Think about how the Web looked like when the iPhone 4 came out.\n“The government really felt that we totally missed Web2...So now they see Web3 as something Japan could potentially embrace and create the new generation of Japanese tech companies and tech visionaries in this space," said Akio Tanaka, a founding partner of IVC, which recently hosted its IVS Crypto and Web Conference in Kyoto.\n“There are no Web2 giants from Japan,” he continued.\nMuchhas been writtenaboutJapan’s regulatory successes in these early days of Web3. Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was thesafest place to be an FTX customer.\nBut what does the celebration of Web3 look like in Japan?\nA lot like it did at the height of the bull market in the West.\nNFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy,and lots of money is being thrown around, but these strategies are still ambiguous (think: “carbon credit trading” or “healthcare records”) and on the drawing boards.\nTanaka emphasizes that in Japan, this will all be different.\nJapanese GameFi developers, for instance, “want to serve gamers, not crypto speculators,” he said.\n“They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued.\nSega knows this well, as when it first mentioned it was entering the NFT space. Itwas hit with a strong backlash from fans, and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.”\nSame with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters fromFinal Fantasy 7– considered to be the best iteration of its long-running franchise –fans hated the idea.\nIn the end, Square Enix’s NFTs weren’t really something for speculation, as the on-chain assetsare “frozen” to the wallet that bought them.\nOne help can’t think that this embrace of Web 3 might be a bit more conservative than the bulls say it is, once you peel away the layers.\nDespite all the talk of GameFi and NFTs at the show, Japan’s best-known IP is staying well away from it, aside from Square’s experiment. Nintendo waslooking to hire an NFT and metaverse expertin March, but nothing has materialized (Tanaka says that if Nintendo does anything, it would be the last to do it).\nEven the Japanese Prime Minister’s speech whichopened the conference, didn’t mention Web3 by name, only generic platitudes about the importance of startups to economic growth and his government’s plans to make Japan a friendly market for these startups.\nBut there is something there, even if it\'s not what the evangelists say it is.\nAs the interview with Tanaka wound to a close, the next group, a corporate delegation from Sega, arrived early.\nSega, an investor in IVC, has recentlybeen in the news dismissing rumorsthat it plans to be acquired. A spokesperson for IVC declined to comment as to what the meeting was about, but it probably involved crypto.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFidelity Joins Spot Bitcoin ETF Race; Bitcoin Hovers Around $31K After Options Expiry\nAsset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. Hashnote CEO Leo Mizuhara shared his crypto markets analysis. 507 Capital Managing Partner Thomas Braziel weighed in on the latest FTX bankruptcy developments. And, Iomob CEO Boyd Cohen discussed the methodology behind CoinDesk\'s Crypto Hubs list for 2023.\nCourt Orders Kraken to Turn Over History Transaction and Account Information to IRS:The IRS first filed a court petition in February.\nHarry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards:At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.\nCoinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say:The SEC told Cboe it needed to name its partner earlier Friday.\nCelsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH:Court documents from last November give a rough picture of the lender’s altcoin holdings.\nCrypto Hubs 2023: Where to Live Freely and Work Smart:With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.', 'Good morning. Here’s what’s happening: Prices: Bitcoin continues to show upside potential as issuers work to refile their bitcoin ETF applications. Insights: Is Japan racing toward the future of crypto? Or stuck a few years in the past? Prices CoinDesk Market Index (CMI) 1,258 +5.8 ▲ 0.5% Bitcoin (BTC) $30,654 +71.4 ▲ 0.2% Ethereum (ETH) $1,938 +15.3 ▲ 0.8% S&P 500 4,450.38 +53.9 ▲ 1.2% Gold $1,927 +17.4 ▲ 0.9% Nikkei 225 33,189.04 −45.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,258 +5.8 ▲ 0.5% Bitcoin (BTC) $30,654 +71.4 ▲ 0.2% Ethereum (ETH) $1,938 +15.3 ▲ 0.8% S&P 500 4,450.38 +53.9 ▲ 1.2% Gold $1,927 +17.4 ▲ 0.9% Nikkei 225 33,189.04 −45.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) SEC Says ETF Applications Aren\'t Good Enough, But Bitcoin Hasn\'t Given up Hope As North America celebrates a long weekend, markets are quiet, but both bitcoin (BTC) and ether (ETH) are maintaining price stability. Bitcoin is opening the trading week in Asia at $30,654, according to CoinDesk data , while ether is at $1,938 . CoinDesk Indices Bitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period. Crypto had a rough end to last week , as the U.S. Securities and Exchange Commission (SEC) said that current bitcoin ETF filings were “inadequate” sending prices down. Some of the issuers have re-filed, naming Coinbase as their market surveillance partner. BitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27K-$29K, and he says that such price action is likely to result in deeper declines in altcoins. “Last week, we highlighted how Bitcoin staying above $30K would be positive for the market. This week we saw some of that sentiment shift toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied,” he told CoinDesk in a note. “Market participants will do well to remain cautious of sustained upside momentum.” Story continues Despite the week opening with a holiday, this week will see some major economic events, with the June FOMC minutes being published on Wednesday – which will give more insight into how the Fed will next move on interest rates – JOLTs Job openings on Thursday, and new unemployment numbers on Friday. Traders will no doubt be balancing all of that against news of the SEC’s next steps on the bitcoin ETFs. Biggest Gainers Asset Ticker Returns DACS Sector Polkadot DOT +4.1% Smart Contract Platform Solana SOL +2.7% Smart Contract Platform XRP XRP +2.2% Currency Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −2.3% Entertainment Gala GALA −1.2% Entertainment Terra LUNA −0.8% Smart Contract Platform Insights Is Japan in the Crypto Future? Or a Few Years in the Past? Explore the Japanese internet for a while, and you’ll find that it looks a bit ancient. You can do many more things online in Japan than you could in the West, but there are a few notable exceptions, and overall the country’s Web2 space feels a decade out of date. Think about how the Web looked like when the iPhone 4 came out. “The government really felt that we totally missed Web2...So now they see Web3 as something Japan could potentially embrace and create the new generation of Japanese tech companies and tech visionaries in this space," said Akio Tanaka, a founding partner of IVC, which recently hosted its IVS Crypto and Web Conference in Kyoto. “There are no Web2 giants from Japan,” he continued. Much has been written about Japan’s regulatory successes in these early days of Web3 . Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was the safest place to be an FTX customer. But what does the celebration of Web3 look like in Japan? A lot like it did at the height of the bull market in the West. NFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy, and lots of money is being thrown around , but these strategies are still ambiguous (think: “carbon credit trading” or “healthcare records”) and on the drawing boards. Tanaka emphasizes that in Japan, this will all be different. Japanese GameFi developers, for instance, “want to serve gamers, not crypto speculators,” he said. “They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued. Sega knows this well, as when it first mentioned it was entering the NFT space. It was hit with a strong backlash from fans , and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.” Same with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters from Final Fantasy 7 – considered to be the best iteration of its long-running franchise – fans hated the idea. In the end, Square Enix’s NFTs weren’t really something for speculation, as the on-chain assets are “frozen” to the wallet that bought them . One help can’t think that this embrace of Web 3 might be a bit more conservative than the bulls say it is, once you peel away the layers. Despite all the talk of GameFi and NFTs at the show, Japan’s best-known IP is staying well away from it, aside from Square’s experiment. Nintendo was looking to hire an NFT and metaverse expert in March, but nothing has materialized (Tanaka says that if Nintendo does anything, it would be the last to do it). Even the Japanese Prime Minister’s speech which opened the conference , didn’t mention Web3 by name, only generic platitudes about the importance of startups to economic growth and his government’s plans to make Japan a friendly market for these startups. But there is something there, even if it\'s not what the evangelists say it is. As the interview with Tanaka wound to a close, the next group, a corporate delegation from Sega, arrived early. Sega, an investor in IVC, has recently been in the news dismissing rumors that it plans to be acquired. A spokesperson for IVC declined to comment as to what the meeting was about, but it probably involved crypto. Important events. 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Manufacturing PMI (June) 9:45 a.m. HKT/SGT(1:45 a.m. UTC): Caixin Manufacturing PMI (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Fidelity Joins Spot Bitcoin ETF Race; Bitcoin Hovers Around $31K After Options Expiry Asset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. Hashnote CEO Leo Mizuhara shared his crypto markets analysis. 507 Capital Managing Partner Thomas Braziel weighed in on the latest FTX bankruptcy developments. And, Iomob CEO Boyd Cohen discussed the methodology behind CoinDesk\'s Crypto Hubs list for 2023. Headlines Court Orders Kraken to Turn Over History Transaction and Account Information to IRS: The IRS first filed a court petition in February. Harry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards: At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards. Coinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say: The SEC told Cboe it needed to name its partner earlier Friday. Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH: Court documents from last November give a rough picture of the lender’s altcoin holdings. Crypto Hubs 2023: Where to Live Freely and Work Smart: With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show upside potential as issuers work to refile their bitcoin ETF applications.\nInsights:Is Japan racing toward the future of crypto? Or stuck a few years in the past?\nCoinDesk Market Index (CMI)\n1,258\n+5.8▲0.5%\nBitcoin (BTC)\n$30,654\n+71.4▲0.2%\nEthereum (ETH)\n$1,938\n+15.3▲0.8%\nS&P 500\n4,450.38\n+53.9▲1.2%\nGold\n$1,927\n+17.4▲0.9%\nNikkei 225\n33,189.04\n−45.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,654", "+71.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,938", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,450.38", "+53.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,927", "+17.4\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,189.04", "\\u221245.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC Says ETF Applications Aren\'t Good Enough, But Bitcoin Hasn\'t Given up Hope\nAs North America celebrates a long weekend, markets are quiet, but both bitcoin (BTC) and ether (ETH) are maintaining price stability.\nBitcoin is opening the trading week in Asia at $30,654,according to CoinDesk data, whileether is at $1,938.CoinDesk IndicesBitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period.\nCrypto had arough end to last week, as the U.S. Securities and Exchange Commission (SEC) said that current bitcoin ETF filings were “inadequate” sending prices down.Some of the issuershave re-filed, naming Coinbase as their market surveillance partner.\nBitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27K-$29K, and he says that such price action is likely to result in deeper declines in altcoins.\n“Last week, we highlighted how Bitcoin staying above $30K would be positive for the market. This week we saw some of that sentiment shift toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied,” he told CoinDesk in a note. “Market participants will do well to remain cautious of sustained upside momentum.”\nDespite the week opening with a holiday, this week will see some major economic events, with the June FOMC minutes being published on Wednesday – which will give more insight into how the Fed will next move on interest rates – JOLTs Job openings on Thursday, and new unemployment numbers on Friday.\nTraders will no doubt be balancing all of that against news of the SEC’s next steps on the bitcoin ETFs.\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.2%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.3%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nIs Japan in the Crypto Future? Or a Few Years in the Past?\nExplore the Japanese internet for a while, and you’ll find that it looks a bit ancient.\nYou can do many more things online in Japan than you could in the West, but there are a few notable exceptions, and overall the country’s Web2 space feels a decade out of date. Think about how the Web looked like when the iPhone 4 came out.\n“The government really felt that we totally missed Web2...So now they see Web3 as something Japan could potentially embrace and create the new generation of Japanese tech companies and tech visionaries in this space," said Akio Tanaka, a founding partner of IVC, which recently hosted its IVS Crypto and Web Conference in Kyoto.\n“There are no Web2 giants from Japan,” he continued.\nMuchhas been writtenaboutJapan’s regulatory successes in these early days of Web3. Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was thesafest place to be an FTX customer.\nBut what does the celebration of Web3 look like in Japan?\nA lot like it did at the height of the bull market in the West.\nNFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy,and lots of money is being thrown around, but these strategies are still ambiguous (think: “carbon credit trading” or “healthcare records”) and on the drawing boards.\nTanaka emphasizes that in Japan, this will all be different.\nJapanese GameFi developers, for instance, “want to serve gamers, not crypto speculators,” he said.\n“They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued.\nSega knows this well, as when it first mentioned it was entering the NFT space. Itwas hit with a strong backlash from fans, and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.”\nSame with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters fromFinal Fantasy 7– considered to be the best iteration of its long-running franchise –fans hated the idea.\nIn the end, Square Enix’s NFTs weren’t really something for speculation, as the on-chain assetsare “frozen” to the wallet that bought them.\nOne help can’t think that this embrace of Web 3 might be a bit more conservative than the bulls say it is, once you peel away the layers.\nDespite all the talk of GameFi and NFTs at the show, Japan’s best-known IP is staying well away from it, aside from Square’s experiment. Nintendo waslooking to hire an NFT and metaverse expertin March, but nothing has materialized (Tanaka says that if Nintendo does anything, it would be the last to do it).\nEven the Japanese Prime Minister’s speech whichopened the conference, didn’t mention Web3 by name, only generic platitudes about the importance of startups to economic growth and his government’s plans to make Japan a friendly market for these startups.\nBut there is something there, even if it\'s not what the evangelists say it is.\nAs the interview with Tanaka wound to a close, the next group, a corporate delegation from Sega, arrived early.\nSega, an investor in IVC, has recentlybeen in the news dismissing rumorsthat it plans to be acquired. A spokesperson for IVC declined to comment as to what the meeting was about, but it probably involved crypto.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFidelity Joins Spot Bitcoin ETF Race; Bitcoin Hovers Around $31K After Options Expiry\nAsset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. Hashnote CEO Leo Mizuhara shared his crypto markets analysis. 507 Capital Managing Partner Thomas Braziel weighed in on the latest FTX bankruptcy developments. And, Iomob CEO Boyd Cohen discussed the methodology behind CoinDesk\'s Crypto Hubs list for 2023.\nCourt Orders Kraken to Turn Over History Transaction and Account Information to IRS:The IRS first filed a court petition in February.\nHarry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards:At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.\nCoinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say:The SEC told Cboe it needed to name its partner earlier Friday.\nCelsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH:Court documents from last November give a rough picture of the lender’s altcoin holdings.\nCrypto Hubs 2023: Where to Live Freely and Work Smart:With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.', 'The Securities and Exchange Commission (SEC) has deemed recent filings for a spot Bitcoin exchange-traded fund (ETF) in the US as inadequate,accordingto the WSJ.\nThe SEC has notified Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not “sufficiently clear and comprehensive.” The exchanges represent asset managers in the filings of the ETF.\nAccording to the SEC, the exchanges should have named the specific Bitcoin exchange with whom they would have a "surveillance-sharing agreement" or should have supplied enough information regarding the specifics of that surveillance arrangement. After correcting the data, the asset managers can resubmit the filings.\nFollowing the news,Bitcoin (BTC)plunged below $30,000 briefly, falling over 3%. However, it has since recovered and is currently trading around $30,600. Cboe would refile while naming Coinbase as the crypto exchange it would enter a "surveillance-sharing agreement" with.\nBlackRockjoined the group of firms vying to launch the first Bitcoin ETF on Wall Street by announcing a "surveillance sharing agreement." This led other asset managers likeARK Invest and 21Shares,Invesco, WisdomTree, Valkyrie, and Fidelity to resubmit or modify their spot Bitcoin ETF applications.\nThe sponsor of a Bitcoin trust would need to sign a surveillance-sharing agreement with a regulated market with a sizable market, according to past SEC statements. The spot Bitcoin markets are currently unregulated by any federal agencies, a situation that the Commodity Futures Trading Commission has long advocated for changing.', 'The Securities and Exchange Commission (SEC) has deemed recent filings for a spot Bitcoin exchange-traded fund (ETF) in the US as inadequate,accordingto the WSJ.\nThe SEC has notified Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not “sufficiently clear and comprehensive.” The exchanges represent asset managers in the filings of the ETF.\nAccording to the SEC, the exchanges should have named the specific Bitcoin exchange with whom they would have a "surveillance-sharing agreement" or should have supplied enough information regarding the specifics of that surveillance arrangement. After correcting the data, the asset managers can resubmit the filings.\nFollowing the news,Bitcoin (BTC)plunged below $30,000 briefly, falling over 3%. However, it has since recovered and is currently trading around $30,600. Cboe would refile while naming Coinbase as the crypto exchange it would enter a "surveillance-sharing agreement" with.\nBlackRockjoined the group of firms vying to launch the first Bitcoin ETF on Wall Street by announcing a "surveillance sharing agreement." This led other asset managers likeARK Invest and 21Shares,Invesco, WisdomTree, Valkyrie, and Fidelity to resubmit or modify their spot Bitcoin ETF applications.\nThe sponsor of a Bitcoin trust would need to sign a surveillance-sharing agreement with a regulated market with a sizable market, according to past SEC statements. The spot Bitcoin markets are currently unregulated by any federal agencies, a situation that the Commodity Futures Trading Commission has long advocated for changing.', 'SEC Calls Recen Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $597,278,836,700 - Hash Rate: 344916211.10459125 - Transaction Count: 328114.0 - Unique Addresses: 655439.0 Social & AI Sentiment: - Fear & Greed Index: 0.62 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hopes surrounding a potential U.S. Bitcoin ETF filing by investment giant BlackRock fueled a bullish sentiment among some traders early Friday. Bitcoin regained the $25,500 level to erase declines of the past two days, when it fell to as low as $24,860. The move provided some respite to major tokens such as Polygon Network’s MATIC and Cardano’s ADA, which eased some losses from a two-day slide. Dogecoin (DOGE) led gains among major tokens with a 4% move in the past 24 hours; litecoin added (LTC) added 3.3%. On Thursday, CoinDeskreportedthat BlackRock planned to offer a Bitcoin ETF with crypto exchange Coinbase (COIN) serving as custodian. This was confirmed later after a filing showed the company’s iShares fund management unitfiled paperworkfor the formation of a spot bitcoin (BTC) ETF. “An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CoinDesk. “BlackRock’s increasing engagement shows Bitcoin continues to be an asset of interest for some of the world’s largest financial institutions.” As such, the market strength of bitcoin impacted shorts – or bets against the currency – the asset with BTC-tracked futures seeing over $16 million in short liquidations in the past 24 hours. This figure was smaller than usual due to large declines in the past week, causing some traders to risk less capital than they normally would. The U.S. Securities and Exchange Commission (SEC) has previously rejected other attempts by fund managers at listing a spot bitcoin ETF, including those from Grayscale, VanEck, and WisdomTree. However, the stature of BlackRock could make it difficult for the SEC to reject this application – whichsome saycould fuel an outsized bitcoin rally if approved.... - Reddit Posts (Sample): [['u/wtfCraigwtf', 'Does "Hashrate Follow Price"? Do Crypto Miners Truly Make Rational Choices?', 16, '2023-07-03 03:30', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/', 'Most crypto OGs will tell you that "Mining Hashrate Follows Price", and this is generally regarded as axiomatic in the crypto mining space. I\'d like to challenge this notion and I hope to stimulate a healthy debate on the subject. I believe that Mining Choice is more arbitrary than people realize due to bounded rationality and information asymmetry . Let\'s examine the BTC mining since as it\'s by far the biggest portion of the mining space.\n\nIt\'s logical that a miner will make a rational choice which coin to mine in order to maximize their profits, so that their operation remains sustainable, but\n\n* Can BTC price be predicted reliably to make a choice which generates sustainable profit?\n\nMost readers here are familiar with the massive inefficiencies and mind-blowingly stupid decisions involved in the use, development, and mining of BTC. BTC mining uses astronomical quantities of energy to create tiny blocks which are now being filled with pointless dickbutt pictures. BTC price likely exceeds its value by orders of magnitude given it\'s low fungibility and usability, and externalities like high fees and long confirmation times. Regulatory uncertainty plagues the crypto space, governments are salivating about bans, prices yo-yo up and down constantly, exchanges are fly-by-night outfits, and coins are hacked and stolen almost daily. Crypto is the Wild West, and no one knows what will happen, much less what the price will be in the future.\n\nLogical debate about what cryptocurrency is and will be in the future is routinely censored. Most BTC cult followers have a low level of intellect and/or are completely bamboozled by ludicrous propaganda. Billionaires like Michael Saylor and Mike Novogratz fall for the same silly narratives (and likely have their own dystopian intentions), and invest their hoards into BTC. The actions of everyone in the entire space determine the price of BTC, yet 90% of BTC users don\'t even hold their coins. Lest we forget, cryptocurrency is STILL AN EXPERIMENT which is less than 20 years old. What appears to be a Nash Equilibrium in BTC could collapse at any second in an EMP attack. Against a backdrop of a highly unstable global banking system, the spectre of fiat hyperinflation, the likely beginning of WWIII, and with a totalitarian surveillance state looming, uncertainty about crypto is off the charts.\n\nTherefore it\'s not a stretch to conclude that Crypto Mining is NOT Rational Behavior. It\'s a speculative venture in a brand new technological financial space. Many fortunes have been made and lost in crypto mining, and it\'s entirely possible that the winners were simply luckier than the losers. Crypto mining by nature is deeply speculative and risky. Surely the massive windfalls of the OG Bitcoiners motivates miners to this day, but past performance does not predict future results.\n\n* Does a miner need to be profitable, or may they have another motivation?\n\nMining BSV isn\'t profitable, the entire BSV ecosystem was created by a gambling billionaire whose criminal charges were mysteriously dropped and a serial fraudster who lies pathologically to judges around the world about inventing Bitcoin. The coin isn\'t used by anyone, the transactions are generated using bots, and mining is likely subsidized by the founders and whoever gave them $100 million+. Any BSV miners who was acting rationally could immediately switch to mining BCH or BTC for 3x the profits, yet they don\'t.\n\n* Are short-term gains more important than long-term gains?\n\nWe\'ve all heard about SHA256 miners who automagically switch between mining BTC and BCH due to the broken difficulty adjustment in BTC. But why didn\'t half of BTC\'s hashrate switch to mining BCH last month when BCH price TRIPLED? If those miners were rational, they would\'ve mined BCH for a week or two before BTC diff adjusted, and traded the BCH they mined for BTC. BCH hashrate did double, but it didn\'t keep up with BCH price. BTC difficulty did adjust downward to mid-June levels, but not enough to keep miners on BTC at today\'s BCH prices. It\'s likely that their calculations involve predictions about longer-term price moves rather than short-term fluctuations.\n\n* How does mining centralization affect miner choices and profits?\n\nIf only one entity mined BTC, they could shut down 99.99% of their miners and the BTC network would still function. That miner would make astronomical profits for the near term, but the entire BTC space would need to trust that entity, and governments would likely shut it down or seize it immediately. There is a constant drive to monopolize mining, and over the long term this can figure into the calculation of what is rational much more than daily or monthly price metrics. But making massive profits by capturing mining is not the only reason to establish a monopoly: if and when governments move to monopolize crypto mining, cost won\'t be an obstacle, and profit won\'t be a motivator.\n\nFor these reasons I believe hashrate does NOT *necessarily* follow price.\n\nEDITS, Well this has been a good thread, here are some updates.\n\nReally the question we\'re asking is "TO WHAT DEGREE does hashrate follow price"? The answer is surely on a spectrum rather than a black and white "yes" or "no". Jonathan has provided some nice stats which show that BTC and BCH hashrates are fairly closely correlated with that trading pair (rather than vs USD or other fiat). To me this implies that miners DO make calculations fairly often to optimize their SHORT-TERM profits. As to whether this is rational remains to be seen. \n\nWe haven\'t talked about shitcoin mining, there are thousands of coins that are mostly mined by hobbyists in their garages. These are people who have a variety of reasons to mine other than profit. Perhaps their hardware has become obsolete in the mining arms race, they simply enjoy running a lot of computers and being geeks, or possibly they do truly believe that someday their shitcoins will be worth billions. ', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/', '14p581h', [['u/jtoomim', 14, '2023-07-03 07:02', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/jqgxe8m/', "> Are short-term gains more important than long-term gains?\n\nFor a miner? Yes. If a miner can get 10% more USD worth per day per 100 TH/s by mining BTC than by mining BCH, and if they believe that BCH's long-term future is better than BTC's, then (if they're rational) that miner will mine BTC and immediately sell/trade it for BCH. They will get 10% more BCH this way than if they mined BCH directly.", '14p581h'], ['u/jtoomim', 12, '2023-07-03 07:10', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/jqgy37s/', "> Mining BSV isn't profitable\n\nActually, most of the time, mining BSV is [just as profitable](https://sv.coin.dance/blocks/profitability) as mining BTC. There are occasions on which there's more hashrate mining BSV than is rational for a non-interested party, and this is likely because Calvin Ayre and Coingeek get an external benefit from propping up BSV's hashrate due to their large BSV holdings. But for the majority of BSV's history, its mining profitability has been at parity with BCH and BTC.\n\n> Any BSV miners who was acting rationally could immediately switch to mining BCH or BTC for 3x the profits, yet they don't.\n\nNo, the profitability advantage for mining BTC instead of BSV [is currently](https://coin.dance/#profitability) ~~10%~~ ~~4.7%~~ 1.8%, not 3x.\n\nYou're right that miners occasionally have reasons other than straight profitability for choosing which chain to mine on, and BSV is an example of that. As a long-run scam coin, BSV's hashrate has often been propped up by its creators in order to facilitate their pump-and-steal-Satoshi's-coins-and-dump scheme.\n\nBut you're wrong in both the magnitude of these effects (off by about 40x for BSV), and you're wrong in thinking that these effects are relevant to BCH or BTC outside of hard fork/chainsplit/hash war circumstances.", '14p581h'], ['u/jtoomim', 21, '2023-07-03 07:21', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/jqgz1dq/', "If hashrate doesn't necessarily follow price, why is it that the profitabilities per TH/s for mining BTC and for mining BCH are almost always within a few percent of each other?\n\nhttps://cash.coin.dance/blocks/profitability\n\nYou seem to have gotten yourself confused with a lot of long-winded argumentation. Empirically speaking, the hashrate-follows-price relationship is quite strong.", '14p581h']]], ['u/Paragon_Voice', 'Bitcoin Inheritance for Descendants', 13, '2023-07-03 04:18', 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/', "What is the safest and most secure way to make sure the Bitcoin I've accumulated can be handed down to my children. I do not want to have to trust any 3rd party.\n\nI want to make a stipulation on being able to obtain their inheritance that they must have read The Bitcoin Standard, and the Bitcoin Whitepaper as required reading.\n\nBut ultimately, I need to make sure that my keys can be transferred to my children when I kick the bucket.\n\nSuggestions?", 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/', '14p68c6', [['u/VaporWavey420', 31, '2023-07-03 04:28', 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/jqghkg8/', 'Send them on a wild scavenger hunt across the globe to find your keywords with hopes that they uncover the truth. That the most valuable thing you’ll ever discover is yourself.', '14p68c6'], ['u/kuzkokronk', 22, '2023-07-03 06:38', 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/jqgv7e4/', "It's pretty simple:\n\n1 ) Create a wallet with a 24 word seed phrase and a long 25th word passphrase.\n\n\n2 ) Put all your bitcoin that you want to give as an inheritance in that wallet.\n\n\n3 ) Give the 24 word seed phrase to your family, explaining how they need to keep it safe. Your family can't access your bitcoin without the 25th word passphrase. \n\n\n4 ) Give the 25th word passphrase to your lawyer to put into your will. The lawyer can't access your bitcoin without the 24 word seed phrase. \n\n\n5 ) When you die, the lawyer will give the 25th word passphrase to your family, and they can access your bitcoin.", '14p68c6']]], ['u/AutoModerator', '[Daily Discussion] - Monday, July 03, 2023', 36, '2023-07-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/', '14p89id', [['u/DarthVarn', 16, '2023-07-03 09:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqh9id3/', "OK I'll start. \n\nWe've had what, three black swan events last year, any chance we'll have three white swan events this year just to keep things in balance? \n\nBlackrock approved, Gensler resigns and............?", '14p89id'], ['u/ImpudicusFungus', 22, '2023-07-03 09:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqh9p6q/', 'Wardser fliping bullish', '14p89id'], ['u/52576078', 12, '2023-07-03 10:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqhetgp/', 'NYDIG finally delivers on all those promised corporate treasuries buying Bitcoin.', '14p89id'], ['u/Yodel_And_Hodl_Mode', 22, '2023-07-03 11:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqhiupf/', "> Gensler resigns\n\nThat's not going to happen. For the most part, Gensler isn't anti-crypto. He's anti-scams. Most unregulated securities are cash-grab scams. Especially in crypto.\n\nBitcoin isn't a security, so we're fine. And as scams in crypto get exposed, my hope is that more people realize open source honest projects like Bitcoin are the answer, not get-rich-quick pump and dump scams, and not bogus corporate-crypto bullshit either.\n\nI'm glad Gensler is trying to regulate exchanges (though he needs FAR more clarity on that task). Many exchanges are disasters waiting to happen. Not all, but many. I have no problem with Gensler trying to force exchanges that do business in the US to be honest and safe. If I had my way, there would be an open source solution for going from dollars to Bitcoin and back without needing companies like Coinbase (horrible customer service), Crypto.com (dangerously unfocussed), Voyager (gee, how'd THAT work out?), Binance (don't trust 'em), and others. Businesses care about profits, so they take unnecessary risks in order to put corporate profit above customer security. Just look at how Ledger is adding key extraction firmware to their wallets as proof of how companies will almost always screw over their users if it means management gets bigger bonuses.\n\nWe all need to do a better job of calling out fraud. Instead, too many in the crypto community seek out fraud in hopes of getting rich quick. This is why I love Bitcoin and hate bullshit like Pepe, and why I rave about projects like SeedSigner and curse evil companies like Ledger.\n\nBitching about the government is cliche, and it's juvenile. If companies are going to do business in a country, that business should be honest. The wild west attitude of tolerating pump & dump scams is bad for Bitcoin, because they make all crypto look bad. Exchanges risking customer money on fraud through irresponsible business practices (fuck you, Voyager) makes Bitcoin look bad, because they make all crypto look bad.\n\nWe all need to do a better job of calling out fraud.\n\nI know this won't be a popular thing to say, but without regulation, businesses steal with glee. Clarity in regulation will help Bitcoin to thrive in the business community, and that will send the price absolutely skyward. My complaint about Gensler isn't that he's getting involved with regulating crypto businesses. My complaint is that he isn't providing enough clarity.", '14p89id'], ['u/de_moon', 11, '2023-07-03 12:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqhn6ru/', "I thought I recognized this comment. I just counted it being posted 26 times in a row in your comment history. If that isn't the definition of spam, I don't know what is.", '14p89id'], ['u/AccidentalArbitrage', 23, '2023-07-03 15:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi6kdj/', "I can't quite get behind this. I think Gensler has been tasked by the Administration to reign in all cryptocurrency activity in the US, Bitcoin included. Alts are just first.\n\nWhile I support him enforcing securities laws, suing scammers, and cleaning up the space, etc I believe if he gets his way this is just the first step towards doing everything he can to destroy the entire industry. Potentially coming soon after:\n\n* Outlawing self-custody\n* Extreme government surveillance in the form of excessive KYC, reporting requirements around all transfers, even tiny amounts\n* Making fiat on and off ramps virtually unusable\n* Targeted and excessive taxes on mining (they already proposed this and tried to get it into the debt ceiling bill, luckily they failed), transfers, and capital gains rates above those for tradfi\n\nThe above could make Bitcoin extremely hard to use, especially for retail. I think all of the above are a realistic possibility for Bitcoin if we, and our Congressmen and Senators that support the industry, do not push back hard against Gensler and those in the Administration pushing him.\n\nFuck the altcoin scams, I hope he gets rid of all of them, but I think the Administration is coming for Bitcoin next, if we let them.\n\nI have enough coin I'll pick up my family and move out of the US if it gets as bad as I fear, but most people can't do that.", '14p89id'], ['u/dopeboyrico', 14, '2023-07-03 15:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi6zn0/', 'Why wait? By the time a red day comes it’s possible price will be higher than where it’s at currently.', '14p89id'], ['u/imissusenet', 26, '2023-07-03 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi8x6m/', "We interupt this tomb-like atmosphere to actually post a trade.\n\nI bought the MSTR 0.750% convertible bonds 30 Dec 2022 for $563.90. I just sold for $1040.00. I'll take it.", '14p89id'], ['u/snek-jazz', 16, '2023-07-03 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi94xd/', "I bought some MSTR shares around the same time for $142. They're at ~~$360~~ $375 today.", '14p89id'], ['u/YouNeedAVacation', 12, '2023-07-03 16:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi9tkb/', 'My gambling addiction likes this comment', '14p89id'], ['u/ImpudicusFungus', 13, '2023-07-03 17:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqihqvb/', 'Enough of the foreplay.', '14p89id'], ['u/BootyPoppinPanda', 19, '2023-07-03 17:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqii7g8/', "32k today boys, we've been edging so hard. Loads will be blown and we'll end the day back at 31k to rekt the top-longers", '14p89id'], ['u/diydude2', 14, '2023-07-03 17:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqij3ef/', 'Not closing my long from 29.8 at 31 because I think there will be fireworks in the next couple days. 32 might tempt me.', '14p89id'], ['u/xtal_00', 10, '2023-07-03 17:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqim65p/', '32k test.', '14p89id'], ['u/testyboy1234', 15, '2023-07-03 17:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqimn8j/', 'Yeah we\'ve heard that before. Not saying im bearish but im pretty tired of these arbitrary "never going below x again" posts.', '14p89id'], ['u/delgrey', 10, '2023-07-03 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqimr80/', 'Pure signal right there.', '14p89id'], ['u/marsh2907', 11, '2023-07-03 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqinckr/', 'Do we see fireworks once we get above 31.5k? hmm......', '14p89id'], ['u/imissusenet', 10, '2023-07-03 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqitf45/', "If (and that's a big if) one or more spot ETFs are approved for the USA, does that help or hurt MSTR relative to the rest of the market?\n\nThe consensus seems to be that a spot ETF in the USA will be bullish for BTC prices, and if that's true then the value of BTC held by MSTR goes up. But at the same time, people who wanted exposure to BTC and so had to settle for MSTR are now able to remove the Saylor factor.", '14p89id'], ['u/4theWlN', 12, '2023-07-03 18:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqiujp4/', 'Mstr is a levered play on Bitcoin because of how they raised debt to buy. If we go up it should outperform and if we are below 30k dec 25 it’ll be super punished as the expectation will rise that they sell at a loss to pay debt.', '14p89id'], ['u/jpdoctor', 11, '2023-07-03 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqixegu/', '>it’ll be super punished as the expectation will rise that they sell at a loss to pay debt.\n\nLast I checked (a while ago) they still have the cash flow from the rest of the biz to pay the coupons, so no forced sale necessary.\n\nHas this changed?', '14p89id'], ['u/dopeboyrico', 27, '2023-07-03 19:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqj78jb/', 'BlackRock has now refiled their spot ETF application with Coinbase listed for their surveillance sharing agreement.', '14p89id'], ['u/NLNico', 11, '2023-07-03 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqj9nfx/', 'Seems already by [June 29](https://listingcenter.nasdaq.com/assets/rulebook/NASDAQ/filings/SR-NASDAQ-2023-016_Resubmission.pdf) but indeed only since today 16:33 UTC on their site (= ahead of 4 Cboe BZX ones that were refiled at [June 30](https://www.cboe.com/us/equities/regulation/rule_filings/bzx/) - except ARK of course.) The added details:\n\n>On June 8, 2023, the Exchange reached an agreement on terms with Coinbase, Inc. (“Coinbase”) to enter into a surveillance-sharing agreement (“Spot BTC SSA”), and the associated term sheet became effective as of June 16, 2023. Based on this agreement on terms, the Exchange and Coinbase will finalize and execute a definitive agreement that the parties expect to be executed prior to allowing trading of the Commodity-Based Trust Shares. Trading of Bitcoin on Coinbase represents a significant portion of US-based Bitcoin trading. The Sponsor has stated to the Exchange that, based on publicly available data reported by spot bitcoin platforms active in the U.S. market, trading on Coinbase has represented approximately 56% of US-dollar to Bitcoin trading on such U.S.-based platforms out of total YTD volume across these platforms of approximately U.S. $129 billion, as of June 28, 2023.\n\n> The Spot BTC SSA is expected to be a bilateral surveillance-sharing agreement between Nasdaq and Coinbase that is intended to supplement the Exchange’s market surveillance program. The Spot BTC SSA is expected to have the hallmarks of a surveillance-sharing agreement between two members of the ISG, which would give the Exchange supplemental access to data regarding spot Bitcoin trades on Coinbase where the Exchange determines it is necessary as part of its surveillance program for the Commodity-Based Trust Shares. This means that the Exchange expects to receive market data for orders and trades from Coinbase, which it will utilize in surveillance of the trading of Commodity-Based Trust Shares. In addition, the Exchange can request further information from Coinbase related to spot bitcoin trading activity on the Coinbase exchange platform, if the Exchange determines that such information would be necessary to detect and investigate potential manipulation in the trading of the Commodity-Based Trust Shares\n\nCboe BZX ones just say "The Exchange is *expecting* to enter into a surveillance-sharing agreement with Coinbase", while Nasdaq already has an agreement.', '14p89id'], ['u/Shaffle', 13, '2023-07-03 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjbafd/', 'You\'re into some interesting forms of edging if it includes "mini dumps" 😂', '14p89id'], ['u/imissusenet', 11, '2023-07-03 21:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjj3zy/', "You've ruined it for everyone.", '14p89id'], ['u/_TROLL', 14, '2023-07-03 21:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjnorb/', 'A small consortium of people is valiantly trying to get Wardser stopped out. 😏', '14p89id'], ['u/BootyPoppinPanda', 20, '2023-07-03 21:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjojdd/', 'I like Wardser for his conviction and lack of giving a fuck what others think. Sub 10k is still crazy to me, and I really hope that idea blows up for my own sake, not necessarily for the big blow to his ego', '14p89id'], ['u/1337Echo', 16, '2023-07-03 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjpb40/', "Traded my MSTR trading stack [back for BTC](https://reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbua0wg/) netting circa 0.0015 btc per share profit and also closed my 3x MSTR long I since opened for ~110% profit.\n\nAgain, I've upped my BTC stack a noteworthy amount by making this arbitrage trade, but the MSTR premium is simply too overvalued compared to spot BTC for me now, especially with ETFs potentially on the horizon.\n\nI'll consider re-entering the arb trade if/when another MSTR buying opportunity comes though.\n\nOn a side note, I almost got stiffed by my bank. They thought I was making fraudulent transactions and blocked my payment. When I explained what it was for, I was drilled with questions far beyond the normal verification process, I was practically interrogated. They even asked what cold storage device I used. It seemed beyond normal fraud protection and rather more like surveillance. I most definitely wouldn't be surprised if that information will be kept on file and passed to others. If only there was a way I could be in control of my own money...", '14p89id'], ['u/Chainlink5usdBottom', 18, '2023-07-03 22:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjprpn/', '[Very interesting pattern](https://www.tradingview.com/x/zcq1oIS8/) as we all get bullish with Blackrock and the SEC.', '14p89id'], ['u/imissusenet', 10, '2023-07-03 22:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjqnc9/', 'Skyrockets in flight,\n\nAfternoon delight.', '14p89id'], ['u/Shaffle', 11, '2023-07-03 22:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjs6hw/', "That's wild. I can't imagine why they would need to know what cold storage device you use. They also have no way of verifying whether you're answering truthfully about it.", '14p89id'], ['u/spinbarkit', 11, '2023-07-03 22:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjsq40/', 'call me paranoid, but let me get this straight - your ordinary bank employee asked you what cold storage for BTC you use? sounds like completely external scam attempt or insider is likely compromised. banks in my country (and I mean AML departments) think crypto only purpose is money laundering / criminal activity related and are oblivious to any in-depth info regarding BTC. just saying...', '14p89id'], ['u/PurpleFlamingoFarmer', 21, '2023-07-03 22:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjur3t/', "RIP Essexual you will be remembered. Keep longing in this bull market it's so fucking easy I love it", '14p89id']]], ['u/CaptnPilot', 'Tips as someone who went through three bull runs, held my bags to the bottom through two, and cashed out in the third.', 424, '2023-07-03 07:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/', 'Remember the sentiment in the sub now, and how it was during the last bull run.\n\nWhen you see people say "I\'m starting to DCA into..." after 4 months of being in the green, it\'s time for you to actually start DCA-ing out. The new guys are going to get euphoria and FOMO for the first time in their life, maybe second if they were here last time. They don\'t know just how quickly it all changes. If you DCA out, the value of that coin might still go up, but you are took your profit. You might miss out on more gains, but you won\'t be stuck holding the bag when it comes crashing down. \n\nIf you token have an unstaking period (like DOT = 28 days) you need to unstake them well before the price gets to your target. I\'m thinking after BTC hit\'s it previous ATH, I will start to unstake and then just wait for the right time. Previously I waited until my token got too close to my target, unstaked and by the time I could trade them, the price had fallen quite a bit. \n\nYou shouldn\'t be too diversified. I remember people being in like 30-40 different tokens. That\'s too much to really keep track of. How can you follow that many projects closely? I\'d say around 10 tokens. For me it\'s 70% in two of the top token that have low risk, and 30% in lower MC coins and even a moonshot in there. (last cycle my moonshot gained more than the rest of my portfolio combined, just lucky tho. Previous bull run mooncoins didn\'t do anything and I lost all of it.)\n\nWhen you do start to cash out, consider that money is completely out and in your bank account or in a wallet to not be used again for years. Don\'t try to buy back in after a 30% pull back in the bull, it could go up again, but one of those pull backs, will be the beginning of a rapid down trend and you don\'t be want to be in when that happens. \n\nMaybe most importantly, be aware of your bias. I\'m in a couple irl crypto groups and we "understand" this space and crypto more than the average person. So maybe we believe in the tech more than other people. A regular person might buy Coin A for $4 and then it goes to $20 and they just cash out because they don\'t understand the space, they just see profit and take it. While the people in my irl group, just held and held because they believed in the project. It doesn\'t really matter if the token is revolutionary or some dog shit coin, if people aren\'t buying it, price goes down and you get left holding the bag. \n\nGood luck boys. ', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/', '14p9j6q', [['u/partymsl', 19, '2023-07-03 07:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqgxy4i/', 'I am sure that if I would diversify with 30-40 tokens, all of them would just be shitcoins going to 0.', '14p9j6q'], ['u/InsaneMcFries', 11, '2023-07-03 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqgyoiz/', 'Last bull I was in like 20, and everything including obvious shitcoins made money anyway, some like 2x and others 10x. It was still chaos to keep track of the lot. Much easier keeping it simple with projects you believe in, for hype or tech reasons', '14p9j6q'], ['u/Setyman', 32, '2023-07-03 07:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqgzyn2/', "There's a cash out option?", '14p9j6q'], ['u/Qptimised', 222, '2023-07-03 07:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh0ezr/', "So tldr; \n\nSell during bull run and don't succumb to FOMO. \n\nBoth things that I didn't do during last bull run. 😅", '14p9j6q'], ['u/Cannister7', 11, '2023-07-03 07:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh187l/', "Thanks for the advice. I'm female, can I take it too?", '14p9j6q'], ['u/Dazzling_Marzipan474', 19, '2023-07-03 07:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh1fmn/', "I'm not selling more than maybe 20% of anything. Crypto is very volatile because it's still early but one day it'll go up and not come back down. I don't wanna be the guy fomo'ing back in because I sold my BTC at 70k and it's now at 160k and no sign of coming down. I'm in BTC for the long haul. It's being adopted everywhere. It's insane.", '14p9j6q'], ['u/FattestLion', 11, '2023-07-03 07:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh1yw4/', 'At one point I had almost 100 coins, and most of them lost 90-99% of their value', '14p9j6q'], ['u/CaptnPilot', 25, '2023-07-03 08:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2dr1/', "we have a long way to go before it goes up and doesn't come down.", '14p9j6q'], ['u/the_far_yard', 21, '2023-07-03 08:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2muk/', "A lot of people go blind when it's time to exit.", '14p9j6q'], ['u/Flattorte', 28, '2023-07-03 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2rof/', "I think everyone goes through that the first time, and if they don't learn by the second time, well, that's on you mates; don't fall for the buy high sell low trap", '14p9j6q'], ['u/CaptnPilot', 11, '2023-07-03 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2tnl/', "I don't hold any BTC. I do hold ETH though. If BTC goes up, ETH goes up more (percentage). If BTC does nothing, everything else kinda does nothing too.\n\nI have a higher target this bull run and if we see those numbers, I'm cashing out 100% and exiting crypto for a couple years.", '14p9j6q'], ['u/skystarsss', 15, '2023-07-03 08:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh3vg1/', "I didn't go blind, but I lost function on my hands and arms.", '14p9j6q'], ['u/Dip_the_Dog', 77, '2023-07-03 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh4ozw/', ">A regular person might buy Coin A for $4 and then it goes to $20 and they just cash out because they don't understand the space, they just see profit and take it.\n\nSounds like they understand the space pretty well to me...", '14p9j6q'], ['u/Popular_Worry_9294', 16, '2023-07-03 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh5qli/', 'Not if you use Robinhood', '14p9j6q'], ['u/marxxy94', 10, '2023-07-03 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh6gez/', 'I am here since november 2017 and I am ready to die with my shitbags', '14p9j6q'], ['u/Xero-Max', 19, '2023-07-03 08:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh6kct/', 'Having targets is essential. I wrote my targets down so I do not change them when FOMO dominates the market.', '14p9j6q'], ['u/MadeMan-uk', 10, '2023-07-03 09:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh86ds/', 'Yes but if you sell early you miss out on becoming a millionaire \n\nThe same reason I didn’t take any profit when I was 40k up on Loopring. \n\nI’m in for the long haul', '14p9j6q'], ['u/FreyaOystea', 15, '2023-07-03 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh9dlg/', "''Some moons'' says 118k lol", '14p9j6q'], ['u/iworkisleep', 10, '2023-07-03 09:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh9ih5/', 'Never take advice from a person doesn’t even hold BTC and have been through 3 bull runs. Makes no sense.', '14p9j6q'], ['u/Every_Hunt_160', 17, '2023-07-03 09:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh9tpv/', 'OP goes a bit more than that\n\nThe part of ‘not buying in with your profits’ and ‘cashing out for several years’ are as important as taking profits. \n\nI’ve had situations where I took profits, ‘re-rolled’ the profits into other coins in ‘dips’ and ended up taking losses when the bear run hits', '14p9j6q'], ['u/EdgeLord19941', 14, '2023-07-03 09:54', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhb6rm/', "I don't want to sell my BTC because I'll never be able to accumulate this much again", '14p9j6q'], ['u/finkofallthechildren', 24, '2023-07-03 10:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhce7x/', "> I'd say around 10 tokens.\n\nFor me 10 still seems way too high.\n\nBTC, ETH, and a few other strong narrative plays or moon shots are really all you need.", '14p9j6q'], ['u/mesutdmn', 23, '2023-07-03 10:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhdqtp/', 'Knowing less and being afraid of losing your gains seems best way to make money in crypto market.', '14p9j6q'], ['u/Calm-Cartographer677', 12, '2023-07-03 10:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhf9hd/', "Same here. I think it's important advice to not reinvest those profits in the same cycle. It really does make a market downturn much easier to handle knowing you've cashed out some money ready for the next cycle.", '14p9j6q']]], ['u/rBitcoinMod', 'Daily Discussion, July 03, 2023', 49, '2023-07-03 08:06', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/', '14pangp', [['u/kuzkokronk', 15, '2023-07-03 08:56', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/jqh6xdi/', "If you're not accumulating bitcoin right now, you're going to regret it 10 years from now!", '14pangp'], ['u/theduke9', 16, '2023-07-03 21:15', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/jqjiizk/', 'and so begins the bull run to 40k.', '14pangp'], ['u/Tron_Passant', 12, '2023-07-03 21:48', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/jqjn8th/', "This is the best time to buy. ETF's are coming. Halving is coming. THIS is the calm before the storm. I've got a DCA rolling and I feel really good about it.\n\nDon't fret about local tops and daily swings. Accumulate. DCA. You want to look/feel smart when the next bull run pops off? Be stacking now.\n\nBitcoin is easy money. It just takes some foresight, patience, and balls. Most people can't combine all three. Can you?", '14pangp']]], ['u/JerSucks', 'ITZY Weekly Discussion & Recap for June 26, 2023 - July 2, 2023', 31, '2023-07-03 09:18', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/', '#Weekly Recap for June 26, 2023 - July 2, 2023\n\nWelcome to the r/ITZY Weekly Discussion & Recap!\n\nIn this thread we compile everything [ITZY](https://i.imgur.com/NecZAIu.jpg) has done this week for people who can\'t quite keep up with it all!\n\nThis post now also serves as our Weekly MIDZY Discussion Thread! That means this is an anything goes discussion thread. Feel free to talk about anything you\'d like with other MIDZY! All we ask is that you keep it safe for work!\n\n---\n\nCHESHIRE Era Stream Links \| \n\|--\|\n[Cheshire Music Video](https://youtu.be/zugAhfd2r0g) \|\n[Boys Like You Music Video](https://youtu.be/6uZy86ePgO0) \|\n[CHESHIRE on Spotify](https://open.spotify.com/album/2a1ezg7hE6Dyuymv1aCnkm?si=a55f8f9a8d734954) \|\n[CHESHIRE Album Discussion Thread](https://redd.it/z8ml5g)\n\n---\n\nLia - One Hundred Love (Romantic Doctor 3 OST Part.5) \|\n\|--\|\n[One Hundred Love](https://youtu.be/sQlaermnufs) \|\n[One Hundred Love (Making Ver.)](https://youtu.be/iphcBamQrjI) \|\n[One Hundred Love on Spotify](https://open.spotify.com/album/3tbF7tfZeQa9WnXmpclfiF?si=-RBgXMl7Q-OphBTcWJSXiw) \|\n\n---\n\nBlah Blah Blah Stream Links \| \n\|--\|\n[Blah Blah Blah Music Video](https://youtu.be/F-QTb-0wRGk) \|\n[Can\'t tie me down](https://www.youtube.com/watch?v=KHr4VVzE3zQ) \|\n[Blah Blah Blah on Spotify](https://open.spotify.com/track/5wOWpaKW92jhcm8pBOlrdR) \|\n\n\n\n---\n\n#Megathreads\n\n\|Thread\|\n--\|--\n\| [The 5th Mini Album "CHECKMATE" (Era Recap)](https://redd.it/z295ux)\n\n\n------\n\n##Teasers\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [1]](https://twitter.com/ITZYofficial/status/1673149832028979200) \| [Thread](https://redd.it/14j48g7)\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [2]](https://twitter.com/ITZYofficial/status/1673149580446412800) \| [Thread](https://redd.it/14j48g7)\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [3]](https://twitter.com/ITZYofficial/status/1673149328620404737) \| [Thread](https://redd.it/14j48g7)\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [4]](https://twitter.com/ITZYofficial/status/1673149080392851456) \| [Thread](https://redd.it/14j48g7)\n230630 \| [BET ON ME (Image Teasers [1])](https://twitter.com/ITZYofficial/status/1674432537635192835) \| [Thread](https://redd.it/14m7e6l)\n230630 \| [BET ON ME (Image Teasers [2])](https://twitter.com/ITZYofficial/status/1674432786663616514) \| [Thread](https://redd.it/14m7e6l)\n\n---\n\n##Social Media\n\n*Instagram\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230626 \| [Yeji & Yuna Update](https://www.instagram.com/p/Ct732luSp88) \| [Thread](https://redd.it/14j3rxi)\n230627 \| [Lia, Ryujin & Yuna Update](https://www.instagram.com/p/Ct-py1hSXKx) \| [Thread](https://redd.it/14k2hle)\n230627 \| [Lia Update [1]](https://www.instagram.com/p/Ct-qIMzyyEK) \| [Thread](https://redd.it/14k2j8m)\n230627 \| [Lia Update [2]](https://www.instagram.com/p/Ct_RpldynFl) \| [Thread](https://redd.it/14kbim5)\n230627 \| [Lia Update [3]](https://www.instagram.com/p/Ct_VLvbyRnC) \| [Thread](https://redd.it/14kbjou)\n230628 \| [Yuna Update](https://www.instagram.com/p/CuBhIgvLYOH) \| [Thread](https://redd.it/14l1mtm)\n230628 \| [Chaeryeong Update](https://www.instagram.com/p/CuB6TZNp4aj) \| [Thread](https://redd.it/14l5dpp)\n230628 \| [Yeji Update](https://www.instagram.com/p/CuB6iTcpQdG) \| [Thread](https://redd.it/14l5du8)\n230630 \| [Ryujin Update](https://www.instagram.com/p/CuGqRCfri1r) \| [Thread](https://redd.it/14msaij)\n230630 \| [Lia Update](https://www.instagram.com/p/CuHSIMyryFS/?igshid=MzRlODBiNWFlZA==)) \| [Thread](https://redd.it/14myowj)\n230630 \| [Ryujin Update](https://www.instagram.com/p/CuHTXYkyhqh) \| [Thread](https://redd.it/14mysaj)\n230701 \| [Yeji Update](https://www.instagram.com/p/CuHxkhsSsNs) \| [Thread](https://redd.it/14n5hxk)\n230701 \| [ITZY Update](https://www.instagram.com/p/CuH8yXHy_BW) \| [Thread](https://redd.it/14namee)\n230701 \| [Lia Update [1]](https://www.instagram.com/p/CuJlLHNyDV1/?igshid=MzRlODBiNWFlZA==)) \| [Thread](https://redd.it/14nqt6u)\n230701 \| [Lia Update [2]](https://www.instagram.com/p/CuJmIPCSnSB) \| [Thread](https://redd.it/14nqyjy)\n\n\nMisc SNS\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230627 \| [JYPE Japan Twitter Update - JYP JAPAN POPUP STORE 2023](https://twitter.com/JYPE_JAPAN/status/1673541663871074306) \| [Thread](https://redd.it/14k3gyn)\n\n\n---\n\n##Audio\n\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230628 \| [Leechanhyukvideo - Doremifasollatido (Vocal by CHAERYEONG)](https://www.youtube.com/watch?v=PtuXKkX6Few) \| [Thread](https://redd.it/14l4erx)\n---\n\n##Videos\n\nOfficial Videos (kr)\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230627 \| [ITZY? ITZY! EP.141](https://youtu.be/2FD3vEm_3BE) \| [Thread](https://redd.it/14k8dpu)\n230629 \| [IT\'z TOUR BOOK EP.26](https://www.youtube.com/watch?v=0GWS1b42WO8) \| [Thread](https://redd.it/14m0955)\n230630 \| [ITZY VLOG (ITZY in New York EP.02)](https://www.youtube.com/watch?v=INWoEGl5vCg) \| [Thread](https://redd.it/14mw73z)\n230703 \| [BET ON ME](https://youtu.be/RmTq3cJqyCo) \| [Thread](https://redd.it/14oqff6)\n\n\nMisc\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230703 \| [BET ON ME (BEHIND PHOTOS) [1]](https://twitter.com/ITZYofficial/status/1675520453106966531) \| [Thread](https://redd.it/14oqqg2)\n230703 \| [BET ON ME (BEHIND PHOTOS) [2]](https://twitter.com/ITZYofficial/status/1675520201184645120) \| [Thread](https://redd.it/14oqqg2)\n230703 \| [BET ON ME (BEHIND PHOTOS) [3]](https://twitter.com/ITZYofficial/status/1675519949555613697) \| [Thread](https://redd.it/14oqqg2)\n\n\n---\n\n###Member Subs - r/Yeji - r/ChoiJisu - r/Ryujin - r/Chaeryeong - r/Yuna\n \n###Memes & Media Subs - r/itzymemes - /r/MIDZY \n\n##Subreddit Links & Info\n\n[Last weeks Recap](https://redd.it/14d01t3)\n\n[Weekly Recap Archive](https://www.reddit.com/r/ITZY/wiki/recap)\n\n[Variety Appearance Archive](https://www.reddit.com/r/ITZY/wiki/variety)\n\n[Performance Archive](https://www.reddit.com//r/ITZY/wiki/music-shows)\n\n[V LIVE Archive](https://www.reddit.com//r/ITZY/wiki/vlive)\n\n[Discography](https://www.reddit.com//r/ITZY/wiki/discography)\n\n---\n\n##[ITZY Discord*](https://discord.gg/kxWER8p)', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/', '14pbxv8', [['u/purplemarvel', 22, '2023-07-03 11:10', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhgm21/', "I can't stop watching and listening to Bet On Me... I hope they release an MV behind, I really wanna see what the atmosphere was like while they were filming in each of their sets. Especially Yuna in the train.", '14pbxv8'], ['u/SapphireHeaven', 15, '2023-07-03 13:24', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhqy0z/', 'With so many MVs we will hopefully have enough content for weeks 😁', '14pbxv8'], ['u/purplemarvel', 11, '2023-07-03 13:27', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhr8vv/', 'Definitely so excited for it all! July will be a great month for MIDZYs 🤍', '14pbxv8'], ['u/M_Prodigy', 20, '2023-07-03 14:02', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhuls3/', "Apparently, Itzy lives rent-free in a lot of people's heads 😆 Must be a coping mechanism of some sort. The facts are:\n\nItzy has not fallen off;\nItzy continues to grow and mature as a group of hardworking ladies;\nSneakers was a GP hit, accept it;\nTheir budget is insane with 3 MVs this comeback.\n\nSo ya, the wonderful ladies of Itzy are doing outstanding. Can't wait to see what they have in store for us.\n\nJust to be clear, this isn't a jab at Midzys in any way. We get it. It's always the loud minority trying to rock the boat.", '14pbxv8'], ['u/purplemarvel', 13, '2023-07-03 14:34', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhy13n/', 'The best way to enjoy this comeback is to stay away from spaces that invite so much negativity. Sometimes the loud minority gets so loud that it sucks the joy out of everything. Feel free to use the block button ad libitum!', '14pbxv8'], ['u/PrimaryWerewolf6694', 13, '2023-07-03 15:25', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqi3ycx/', 'Bet on Me has emotionally wrecked me (in a good way), and I\'m loving reading all the fan analyses of the m/v.\n\nSome of my faves are:\n1) Yeji being the only member without a scene showing vulnerability, and is constantly running in the m/v. This highlights her role as the \'leader\' of the group, leading the rest to face their doubts head on.\n\n2) Lia opening the box she was trapped in. It could mean not to \'box\' her in or unfairly judge her, but also that she\'s her own gift to herself. ITZY\'s self-love message is on point. \n\n3) How Ryujin sings "wanna win? Then I gotta lose some days". This coming from our very own \'R.A.W\' (Ryujin always wins) 🤧 \n\n4) Chaeryeong getting hurt 🤕(who hurt u chaery?💔) but picking her self back-up. The self-love message is so consistent here.\n\n5) ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Xinhua/Wang Ying/ Getty Images US stocks gained in a shortened day of trading on Monday ahead of Independence Day. The S&P 500 surged 16% in the first half of the year, and investors are hoping to extend those gains into the second half. Tesla stock surged as much as 9% after the company announced second-quarter deliveries that beat analyst estimates. US stocks edged higher on Monday in a shortened day of trading ahead of Tuesday\'s Independence Day. The stock market closed at 1 p.m. on Monday, and will be closed on Tuesday. The S&P 500 surged 16% in the first half of the year, while the Nasdaq 100 was up almost 39%. Investors are hoping to extend those gains into the second half of the year, looking to avoid too much turbulence in the face of recession forecasts and the prospect of more tightening by the Federal Reserve. Fundstrat\'s Tom Lee raised his year-end S&P 500 price target to 4,825 on Monday. The ardent market bull said the Fed is wining the war on inflation, which will give the central bank room to pull back on its aggressive policy. Here\'s where US indexes stood at the 1:00 p.m. ET close on Monday: S&P 500 : 4,455.59, up 0.12% Dow Jones Industrial Average : 34,418.47, up 0.03% (10.87 points) Nasdaq Composite : 13,816.77, up 0.21% Here\'s what else happened today: Not all investors are feeling bullish. PIMCO CIO Dan Ivascyn is warning about a "harder landing" for the global economy and arguing that investors are too bullish about central banks\' inflation fight. Tesla stock surged nearly 6% after the company announced second-quarter deliveries that beat analyst\'s most bullish expectations. The company delivered 466,000 vehicles in the quarter. Wedbush analyst Dan Ives said Tesla\'s recent price cuts were a "smart poker move" that helped the company make record deliveries in the quarter. Wharton professor Jeremy Siegel said the bull run in stocks can go on for a lot longer even as the Fed wages a "war on growth." Indian oil refiners are beginning to use China\'s yuan instead of the US dollar to buy crude oil from Russia. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 0.52% to $70.27 per barrel. Brent crude , oil\'s international benchmark, dropped 0.36% to $75.14. Gold jumped 0.11% to $1,931.60 per ounce. The yield on the 10-year Treasury was flat at 3.85%. Bitcoin rose 1.25% to $31,002, while ether jumped 1.22% to $$1,960. Read the original article on Business Insider', '• US stocks gained in a shortened day of trading on Monday ahead of Independence Day.\n• The S&P 500 surged 16% in the first half of the year, and investors are hoping to extend those gains into the second half.\n• Tesla stock surged as much as 9% after the company announced second-quarter deliveries that beat analyst estimates.\nUS stocks edged higher on Monday in a shortened day of trading ahead of Tuesday\'s Independence Day. The stock market closed at 1 p.m. on Monday, and will be closed on Tuesday.\nTheS&P 500surged 16% in the first half of the year, while theNasdaq 100was up almost 39%. Investors are hoping to extend those gains into the second half of the year, looking to avoid too much turbulence in the face of recession forecasts and the prospect of more tightening by the Federal Reserve.\nFundstrat\'s Tom Leeraised his year-end S&P 500 price target to 4,825 on Monday.The ardent market bull said the Fed is wining the war on inflation, which will give the central bank room to pull back on its aggressive policy.\nHere\'s where US indexes stood at the 1:00 p.m. ET close on Monday:\n• S&P 500:4,455.59, up 0.12%\n• Dow Jones Industrial Average:34,418.47, up 0.03% (10.87 points)\n• Nasdaq Composite:13,816.77, up 0.21%\nHere\'s what else happened today:\n• Not all investors are feeling bullish.PIMCO CIO Dan Ivascyn is warning about a "harder landing"for the global economy and arguing that investors are too bullish about central banks\' inflation fight.\n• Tesla stock surged nearly 6%after the company announced second-quarter deliveries that beat analyst\'s most bullish expectations. The company delivered 466,000 vehicles in the quarter.\n• Wedbush analystDan Ives said Tesla\'s recent price cuts were a "smart poker move"that helped the company make record deliveries in the quarter.\n• Wharton professor Jeremy Siegel saidthe bull run in stocks can go on for a lot longereven as the Fed wages a "war on growth."\n• Indian oil refinersare beginning to use China\'s yuan instead of the US dollar to buy crude oilfrom Russia.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 0.52% to $70.27 per barrel.Brent crude, oil\'s international benchmark, dropped 0.36% to $75.14.\n• Goldjumped 0.11% to $1,931.60 per ounce.\n• The yield on the 10-year Treasury was flat at 3.85%.\n• Bitcoin rose 1.25% to $31,002, while ether jumped 1.22% to $$1,960.\nRead the original article onBusiness Insider', 'Bitcoin climbed above US$31,000 in Tuesday morning trading in Asia after Blackrock refiled a Bitcoin exchange-traded fund (ETF) application in the U.S. after the regulator criticised an earlier filing, suggesting the world\x92s biggest money manager is determined to take a lead in cryptocurrency markets. Ethereum also logged gains amid institutional interest, while other top 10 non-stablecoin cryptocurrencies traded mixed. Polygon led the winners and Litecoin the losers. Crypto Bitcoin rose 1.83% over the last 24 hours to US$31,142 at 07:50 a.m. in Hong Kong, moving up 2.85% for the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency reached a high of US$31,371 early Tuesday morning, the highest since June 2022. BlackRock submitted an amended application for a spot Bitcoin ETF on Monday, after the U.S. Securities and Exchange Commission (SEC) said BlackRock\x92s original filing was inadequate. BlackRock indicated in the new filing that Coinbase, the custodian of the proposed ETF\x92s Bitcoin holdings, will provide market surveillance to support the ETF, according to a Bloomberg report on Tuesday. Several other financial institutions have filed Bitcoin ETF applications despite a crackdown last month by the SEC, which filed lawsuits against Binance.US and Coinbase last month for allegedly violating securities laws in trading cryptocurrencies. In emailed comments, Jeff Mei, chief operating officer of digital asset exchange BTSE , said the SEC criticism of the application caused some selling last week, but \x93investors remain quietly optimistic about future approvals.\x94 Ether gained 1.18% to US$1,954.24, and added 5.23% for the week. Bitcoin and Ether have both seen increased interest from financial institutions in the past week, according to a Monday report from European cryptocurrency investment firm CoinShares. Bitcoin-linked digital asset investment products saw net inflows of around US$123 million in the week ending June 30, while Ethereum-linked products had net inflows of around US$2.7 million. Digital asset investment products have seen two weeks of net inflows since June 19, after logging 9 weeks of consecutive outflows. Story continues Most other top 10 non-stablecoin tokens traded higher in the past 24 hours, with Polygon\x92s Matic token spearheading the rally with a gain of 4.60% to US$0.7119. It\x92s up 10.18% for the week despite the U.K.-based fintech neobank and crypto exchange Revolut plans to delist Polygon, Solana and Cardano tokens for its U.S. users in September, according to a report by the Block on Monday. Litecoin led the losers in a potential price correction, falling 5.83% to US$106.69. It still logged weekly gains of 22.47% driven higher by the token\x92s upcoming third halving event on August 2, which will make the token scarcer. Litecoin investors also received a boost after the token was selected to trade on the newly established EDX Markets exchange , which opened on June 20 and is backed by Wall Street heavyweights, including Citadel Securities, Fidelity Investments and Charles Schwab. The total cryptocurrency market cap rose 1.28% to US$1.22 trillion in the last 24 hours, while crypto trading volume rose 26.34% to US$37.86 billion, according to CoinMarketCap data. NFT volumes gain The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the main Forkast 500 NFT index fell 1.08% in the 24 hours to 09:40 a.m. in Hong Kong to 2,750, down 5.06% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets logged moderate increases. NFT trading volume on Ethereum rose 18.72% in the past 24 hours to US$27.29 million, according to CryptoSlam data, while Polygon\x92s volumes surged 121.63% to more than US$1.89 million. Trading volumes also rose on the Bitcoin, Solana and BNB Chain networks. Bored Ape Yacht Club (BAYC), the second largest NFT collection by market cap, saw trading volume jump 52.56% to US$4.98 million, with Ethereum-based NFT collections Azuki and Mutant Ape Yacht Club (MAYC) ranking the second and the third. \x93A bit of a rebound today on the ETH side, which is in the green for the first time in days. Top collections like Bean, Azuki, and MAYC have had increases in their floor prices 7-20% and even BAYC has slowed its decline,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. However, the floor prices of some major NFT collections are still holding considerable losses for the past week, with BAYC floor price falling over 20% in the past seven days and Azuki sliding more than 50% over the same period, according to data from CoinGecko. Azuki Elementals are a collection of 20,000 NFTs launched on June 27 as a spin-off of the original Azuki collection. While the Elementals sold out within 15 minutes, collectors started to complain that the supposed new NFTs looked almost identical to the original Azuki collection. Azuki DAO , a community of dissatisfied Azuki holders, was formed last week and passed a vote on Monday to launch a lawsuit against Azuki creator Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO to \x93promote the growth of the entire Azuki community.\x94 \x93NFT platforms have experienced an increase in trading volume in recent days, while the prices of blue-chip NFTs have declined,\x94 said Gracy Chen, managing director at digital asset trading platform Bitget , in an emailed comment. \x93The NFT market is undergoing a major adjustment, but a decline does not necessarily indicate the decline of the entire industry,\x94 said Chen. \x93As NFT derivatives, including lending, indexes, perpetual contracts, and other products, are gaining traction, price fluctuations become more pronounced in the short term.\x94 U.S. futures dip Image: Getty Images U.S. stock futures traded flat to lower as of 11:20 a.m. in Hong Kong. Dow Jones Industrial Average futures inched down 0.01%, S&P 500 futures dipped 0.04%, and Nasdaq futures fell 0.12%. The three major U.S. indexes closed higher in the regular Monday session, shortened ahead of the July 4 public holiday when the market is closed. In Asia, mainland China\x92s Shanghai Composite Index closed 1.31% higher on Monday, despite the country\x92s softening manufacturing recovery . South Korea\x92s Kospi rose 1.49%, while Japan\x92s Nikkei led the gainers in the region with a 1.7% increase, according to CNBC on Monday. The U.S. manufacturing purchasing managers\x92 index (PMI) dropped to 46.0 in June, the lowest since May 2020, according to a Monday report by the Institute of Supply Management (ISM). A reading above 50 indicates an expansion in manufacturing and below 50 a contraction. \x93Companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return,\x94 wrote ISM Manufacturing Business Survey Committee Chair Timothy Fiore in the report. The June PMI is the eighth consecutive month of contraction and is lower than the projection of 47.0, raising concerns about a recession, according to Reuters on Tuesday. New York Federal Reserve President John Williams\x92 speaks on Wednesday and may provide an update on the Fed\x92s view of inflation. The Fed releases its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 89.9% chance for a 25-basis-point rate increase, up from 87.4% on Monday. The likelihood the Fed won\x92t increase is now at just 10.1%. (Updates with equities section.)', 'Bitcoin climbed above US$31,000 in Tuesday morning trading in Asia after Blackrockrefileda Bitcoin exchange-traded fund (ETF) application in the U.S. after the regulator criticised an earlier filing, suggesting the world’s biggest money manager is determined to take a lead in cryptocurrency markets. Ethereum also logged gains amid institutional interest, while other top 10 non-stablecoin cryptocurrencies traded mixed. Polygon led the winners and Litecoin the losers.\nBitcoin rose 1.83% over the last 24 hours to US$31,142 at 07:50 a.m. in Hong Kong, moving up 2.85% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,371 early Tuesday morning, the highest since June 2022.\nBlackRock submitted an amended application for a spot Bitcoin ETF on Monday, after the U.S. Securities and Exchange Commission (SEC)saidBlackRock’s original filing was inadequate. BlackRock indicated in the new filing that Coinbase, the custodian of the proposed ETF’s Bitcoin holdings, will provide market surveillance to support the ETF, according to aBloomberg reporton Tuesday.\nSeveralother financial institutionshave filed Bitcoin ETF applications despite a crackdown last month by the SEC, which filed lawsuits againstBinance.USandCoinbaselast month for allegedly violating securities laws in trading cryptocurrencies.\nIn emailed comments, Jeff Mei, chief operating officer of digital asset exchangeBTSE, said the SEC criticism of the application caused some selling last week, but “investors remain quietly optimistic about future approvals.”\nEther gained 1.18% to US$1,954.24, and added 5.23% for the week.\nBitcoin and Ether have both seen increased interest from financial institutions in the past week, according to a Mondayreportfrom European cryptocurrency investment firm CoinShares.\nBitcoin-linked digital asset investment products saw net inflows of around US$123 million in the week ending June 30, while Ethereum-linked products had net inflows of around US$2.7 million. Digital asset investment products have seen two weeks of net inflows since June 19, after logging 9 weeks of consecutive outflows.\nMost other top 10 non-stablecoin tokens traded higher in the past 24 hours, with Polygon’s Matic token spearheading the rally with a gain of 4.60% to US$0.7119. It’s up 10.18% for the week despite the U.K.-based fintech neobank and crypto exchangeRevolutplans to delist Polygon, Solana and Cardano tokens for its U.S. users in September, according to a report bythe Blockon Monday.\nLitecoin led the losers in a potential price correction, falling 5.83% to US$106.69. It still logged weekly gains of 22.47% driven higher by the token’s upcomingthird halving eventon August 2, which will make the token scarcer.\nLitecoin investors also received a boost after the token was selected to trade on the newly establishedEDX Markets exchange, which opened on June 20 and is backed by Wall Street heavyweights, including Citadel Securities, Fidelity Investments and Charles Schwab.\nThe total cryptocurrency market cap rose 1.28% to US$1.22 trillion in the last 24 hours, while crypto trading volume rose 26.34% to US$37.86 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the mainForkast 500 NFT indexfell 1.08% in the 24 hours to 09:40 a.m. in Hong Kong to 2,750, down 5.06% for the week. The two Forkast indexes measuring the performance ofEthereumandPolygonNFT markets logged moderate increases.\nNFT trading volume on Ethereum rose 18.72% in the past 24 hours to US$27.29 million, according toCryptoSlamdata, while Polygon’s volumes surged 121.63% to more than US$1.89 million. Trading volumes also rose on the Bitcoin, Solana and BNB Chain networks.\nBored Ape Yacht Club (BAYC), the second largest NFT collection by market cap, saw trading volume jump 52.56% to US$4.98 million, with Ethereum-based NFT collections Azuki and Mutant Ape Yacht Club (MAYC) ranking the second and the third.\n“A bit of a rebound today on the ETH side, which is in the green for the first time in days. Top collections like Bean, Azuki, and MAYC have had increases in their floor prices 7-20% and even BAYC has slowed its decline,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nHowever, the floor prices of some major NFT collections are still holding considerable losses for the past week, withBAYCfloor price falling over 20% in the past seven days andAzukisliding more than 50% over the same period, according to data from CoinGecko.\nAzuki Elementals are a collection of 20,000 NFTslaunchedon June 27 as a spin-off of the original Azuki collection. While the Elementals sold out within 15 minutes, collectors started to complain that the supposed new NFTs looked almost identical to the original Azuki collection.\nAzuki DAO, a community of dissatisfied Azuki holders, was formed last week and passed avoteon Monday to launch a lawsuit against Azuki creator Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should bereturned to the DAOto “promote the growth of the entire Azuki community.”\n“NFT platforms have experienced an increase in trading volume in recent days, while the prices of blue-chip NFTs have declined,”saidGracy Chen, managing director at digital asset trading platformBitget, in an emailed comment.\n“The NFT market is undergoing a major adjustment, but a decline does not necessarily indicate the decline of the entire industry,” said Chen. “As NFT derivatives, including lending, indexes, perpetual contracts, and other products, are gaining traction, price fluctuations become more pronounced in the short term.”\nU.S. stock futures traded flat to lower as of 11:20 a.m. in Hong Kong. Dow Jones Industrial Average futures inched down 0.01%, S&P 500 futures dipped 0.04%, and Nasdaq futures fell 0.12%. The three major U.S. indexes closed higher in the regular Monday session, shortened ahead of the July 4 public holiday when the market is closed.\nIn Asia, mainland China’s Shanghai Composite Index closed 1.31% higher on Monday, despite the country’ssoftening manufacturing recovery. South Korea’s Kospi rose 1.49%, while Japan’s Nikkei led the gainers in the region with a 1.7% increase, according toCNBCon Monday.\nThe U.S. manufacturing purchasing managers’ index (PMI) dropped to 46.0 in June, the lowest since May 2020, according to a Mondayreportby the Institute of Supply Management (ISM). A reading above 50 indicates an expansion in manufacturing and below 50 a contraction.\n“Companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return,” wrote ISM Manufacturing Business Survey Committee Chair Timothy Fiore in the report.\nThe June PMI is the eighth consecutive month of contraction and is lower than the projection of 47.0, raising concerns about a recession, according toReuterson Tuesday.\nNew York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed releases its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 89.9% chance for a 25-basis-point rate increase, up from 87.4% on Monday. The likelihood the Fed won’t increase is now at just 10.1%.\n(Updates with equities section.)', 'Bitcoin climbed above US$31,000 in Tuesday morning trading in Asia after Blackrockrefileda Bitcoin exchange-traded fund (ETF) application in the U.S. after the regulator criticised an earlier filing, suggesting the world’s biggest money manager is determined to take a lead in cryptocurrency markets. Ethereum also logged gains amid institutional interest, while other top 10 non-stablecoin cryptocurrencies traded mixed. Polygon led the winners and Litecoin the losers.\nBitcoin rose 1.83% over the last 24 hours to US$31,142 at 07:50 a.m. in Hong Kong, moving up 2.85% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,371 early Tuesday morning, the highest since June 2022.\nBlackRock submitted an amended application for a spot Bitcoin ETF on Monday, after the U.S. Securities and Exchange Commission (SEC)saidBlackRock’s original filing was inadequate. BlackRock indicated in the new filing that Coinbase, the custodian of the proposed ETF’s Bitcoin holdings, will provide market surveillance to support the ETF, according to aBloomberg reporton Tuesday.\nSeveralother financial institutionshave filed Bitcoin ETF applications despite a crackdown last month by the SEC, which filed lawsuits againstBinance.USandCoinbaselast month for allegedly violating securities laws in trading cryptocurrencies.\nIn emailed comments, Jeff Mei, chief operating officer of digital asset exchangeBTSE, said the SEC criticism of the application caused some selling last week, but “investors remain quietly optimistic about future approvals.”\nEther gained 1.18% to US$1,954.24, and added 5.23% for the week.\nBitcoin and Ether have both seen increased interest from financial institutions in the past week, according to a Mondayreportfrom European cryptocurrency investment firm CoinShares.\nBitcoin-linked digital asset investment products saw net inflows of around US$123 million in the week ending June 30, while Ethereum-linked products had net inflows of around US$2.7 million. Digital asset investment products have seen two weeks of net inflows since June 19, after logging 9 weeks of consecutive outflows.\nMost other top 10 non-stablecoin tokens traded higher in the past 24 hours, with Polygon’s Matic token spearheading the rally with a gain of 4.60% to US$0.7119. It’s up 10.18% for the week despite the U.K.-based fintech neobank and crypto exchangeRevolutplans to delist Polygon, Solana and Cardano tokens for its U.S. users in September, according to a report bythe Blockon Monday.\nLitecoin led the losers in a potential price correction, falling 5.83% to US$106.69. It still logged weekly gains of 22.47% driven higher by the token’s upcomingthird halving eventon August 2, which will make the token scarcer.\nLitecoin investors also received a boost after the token was selected to trade on the newly establishedEDX Markets exchange, which opened on June 20 and is backed by Wall Street heavyweights, including Citadel Securities, Fidelity Investments and Charles Schwab.\nThe total cryptocurrency market cap rose 1.28% to US$1.22 trillion in the last 24 hours, while crypto trading volume rose 26.34% to US$37.86 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the mainForkast 500 NFT indexfell 1.08% in the 24 hours to 09:40 a.m. in Hong Kong to 2,750, down 5.06% for the week. The two Forkast indexes measuring the performance ofEthereumandPolygonNFT markets logged moderate increases.\nNFT trading volume on Ethereum rose 18.72% in the past 24 hours to US$27.29 million, according toCryptoSlamdata, while Polygon’s volumes surged 121.63% to more than US$1.89 million. Trading volumes also rose on the Bitcoin, Solana and BNB Chain networks.\nBored Ape Yacht Club (BAYC), the second largest NFT collection by market cap, saw trading volume jump 52.56% to US$4.98 million, with Ethereum-based NFT collections Azuki and Mutant Ape Yacht Club (MAYC) ranking the second and the third.\n“A bit of a rebound today on the ETH side, which is in the green for the first time in days. Top collections like Bean, Azuki, and MAYC have had increases in their floor prices 7-20% and even BAYC has slowed its decline,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nHowever, the floor prices of some major NFT collections are still holding considerable losses for the past week, withBAYCfloor price falling over 20% in the past seven days andAzukisliding more than 50% over the same period, according to data from CoinGecko.\nAzuki Elementals are a collection of 20,000 NFTslaunchedon June 27 as a spin-off of the original Azuki collection. While the Elementals sold out within 15 minutes, collectors started to complain that the supposed new NFTs looked almost identical to the original Azuki collection.\nAzuki DAO, a community of dissatisfied Azuki holders, was formed last week and passed avoteon Monday to launch a lawsuit against Azuki creator Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should bereturned to the DAOto “promote the growth of the entire Azuki community.”\n“NFT platforms have experienced an increase in trading volume in recent days, while the prices of blue-chip NFTs have declined,”saidGracy Chen, managing director at digital asset trading platformBitget, in an emailed comment.\n“The NFT market is undergoing a major adjustment, but a decline does not necessarily indicate the decline of the entire industry,” said Chen. “As NFT derivatives, including lending, indexes, perpetual contracts, and other products, are gaining traction, price fluctuations become more pronounced in the short term.”\nU.S. stock futures traded flat to lower as of 11:20 a.m. in Hong Kong. Dow Jones Industrial Average futures inched down 0.01%, S&P 500 futures dipped 0.04%, and Nasdaq futures fell 0.12%. The three major U.S. indexes closed higher in the regular Monday session, shortened ahead of the July 4 public holiday when the market is closed.\nIn Asia, mainland China’s Shanghai Composite Index closed 1.31% higher on Monday, despite the country’ssoftening manufacturing recovery. South Korea’s Kospi rose 1.49%, while Japan’s Nikkei led the gainers in the region with a 1.7% increase, according toCNBCon Monday.\nThe U.S. manufacturing purchasing managers’ index (PMI) dropped to 46.0 in June, the lowest since May 2020, according to a Mondayreportby the Institute of Supply Management (ISM). A reading above 50 indicates an expansion in manufacturing and below 50 a contraction.\n“Companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return,” wrote ISM Manufacturing Business Survey Committee Chair Timothy Fiore in the report.\nThe June PMI is the eighth consecutive month of contraction and is lower than the projection of 47.0, raising concerns about a recession, according toReuterson Tuesday.\nNew York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed releases its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 89.9% chance for a 25-basis-point rate increase, up from 87.4% on Monday. The likelihood the Fed won’t increase is now at just 10.1%.\n(Updates with equities section.)', 'Good morning. Here’s what’s happening: Prices: The market is optimistic that re-filed bitcoin ETF applications have legs. Insights: Crypto majors are up in a big way during the first half of 2023 as the market repairs the damage from last year\'s catastrophes. Prices CoinDesk Market Index (CMI) 1,318.38 +18.2 ▲ 1.4% Bitcoin (BTC) $31,153 +508.5 ▲ 1.7% Ethereum (ETH) $1,955 +15.3 ▲ 0.8% S&P 500 daily close 4,455.59 +5.2 ▲ 0.1% Gold $1,930 +20.3 ▲ 1.1% Treasury Yield 10 Years 3.86% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,318.38 +18.2 ▲ 1.4% Bitcoin (BTC) $31,153 +508.5 ▲ 1.7% Ethereum (ETH) $1,955 +15.3 ▲ 0.8% S&P 500 daily close 4,455.59 +5.2 ▲ 0.1% Gold $1,930 +20.3 ▲ 1.1% Treasury Yield 10 Years 3.86% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Crosses $31K After Bitcoin ETF Issuers Begin Refiling Happy Fourth of July. While many parts of the U.S. are off for an extended long weekend, market action has been tame. Bitcoin began the Tuesday business day in Asia past the $31,000 mark at $31,153 as the world’s largest digital asset rallied on Monday after a few prospective bitcoin ETF issuers re-filed their applications. “Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CoinDesk in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry\'s $1.2 trillion market cap, the most dominant it\'s been in over two years.” The CoinDesk Market Index (CMI) is up 18 points to 1,318. Meanwhile, prices of NFTs seem to be becoming disconnected from the price of ether as trading volume plummets . The Bored Ape Yacht Club\'s NFT collection hit a new low since October 2021 with a floor price dropping below 30 ETH ($58,700), an effective halving since April, reflecting a broader slump in the NFT market. But considering ether’s continued performance, there seems to be more confidence in the protocol than this use case. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +4.8% Smart Contract Platform Cosmos ATOM +3.7% Smart Contract Platform Terra LUNA +3.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polkadot DOT −1.4% Smart Contract Platform Stellar XLM −1.3% Smart Contract Platform Solana SOL −1.0% Smart Contract Platform Insights Last year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX. Data from Messari shows that 2023 has fared much better. During the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year. (Messari) So far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022. But of all the major assets, Bitcoin Cash (BCH) performed the best, up a whopping 203% so far this year. As CoinDesk has previously reported , technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class. Other stand-out performers for the period include liquid staking platform Lido DAO (LDO), which rallied in February on comments from U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’s about a staking ban and then on the shuttering of Kraken’s staking service . Solana is also up 93% during the first half of the year, raising prospects for the layer-1 protocol, whose total value soared at the height of the 2021 bull market but then plummeted with the rest of crypto during 2022’s dark days. Important events. U.S. July 4 Independence Day Holiday 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Reserve Bank of Australia interest rate decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Brett Harrison on Spot Bitcoin ETF Race; Crypto Market Outlook for July Architect CEO and former FTX US president Brett Harrison joined "First Mover" to discuss the recent flurry of spot bitcoin ETF applications in the U.S. and his outlook on the intersection of artificial intelligence with financial services. Plus, Coinbase Institutional head of research David Duong shared his crypto markets outlook for July. And, Superstate CEO Robert Leshner discussed plans to create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool. Headlines Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of \'Karma\': The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says "karma" motivates the founders to give back. BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner: Refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn\'t specify the name of the underlying market in so-called surveillance-sharing agreements. How Central Bankers Are Reshaping the Definition of Money: Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control. Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low: The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.', 'Good morning. Here’s what’s happening:\nPrices:The market is optimistic that re-filed bitcoin ETF applications have legs.\nInsights:Crypto majors are up in a big way during the first half of 2023 as the market repairs the damage from last year\'s catastrophes.\nCoinDesk Market Index (CMI)\n1,318.38\n+18.2▲1.4%\nBitcoin (BTC)\n$31,153\n+508.5▲1.7%\nEthereum (ETH)\n$1,955\n+15.3▲0.8%\nS&P 500 daily close\n4,455.59\n+5.2▲0.1%\nGold\n$1,930\n+20.3▲1.1%\nTreasury Yield 10 Years\n3.86%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,318.38", "+18.2\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$31,153", "+508.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,955", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,930", "+20.3\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.86%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin Crosses $31K After Bitcoin ETF Issuers Begin Refiling\nHappy Fourth of July.\nWhile many parts of the U.S. are off for an extended long weekend, market action has been tame.\nBitcoin began the Tuesday business day in Asia past the $31,000 mark at $31,153 as theworld’s largest digital asset rallied on Mondayafter a few prospective bitcoin ETF issuers re-filed their applications.\n“Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CoinDesk in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry\'s $1.2 trillion market cap, the most dominant it\'s been in over two years.”\nTheCoinDesk Market Index(CMI) is up 18 points to 1,318.\nMeanwhile, prices of NFTs seem to be becoming disconnected from the price of ether astrading volume plummets.\nThe Bored Ape Yacht Club\'s NFT collectionhit a new lowsince October 2021 with a floor price dropping below 30 ETH ($58,700), an effective halving since April, reflecting a broader slump in the NFT market. But considering ether’s continued performance, there seems to be more confidence in the protocol than this use case.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}]\nLast year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX.\nData from Messari shows that 2023 has fared much better.\nDuring the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year.\nSo far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022.\nBut of all the major assets, Bitcoin Cash (BCH) performed the best, up a whopping 203% so far this year.As CoinDesk has previously reported, technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class.\nOther stand-out performers for the period include liquid staking platform Lido DAO (LDO), which rallied in February on comments from U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’sabout a staking banand then on theshuttering of Kraken’s staking service.\nSolana is also up 93% during the first half of the year, raising prospects for the layer-1 protocol, whose total value soared at the height of the 2021 bull market but then plummeted with the rest of crypto during 2022’s dark days.\nU.S. July 4 Independence Day Holiday\n12:30 p.m. HKT/SGT(4:30 a.m. UTC):Reserve Bank of Australia interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBrett Harrison on Spot Bitcoin ETF Race; Crypto Market Outlook for July\nArchitect CEO and former FTX US president Brett Harrison joined "First Mover" to discuss the recent flurry of spot bitcoin ETF applications in the U.S. and his outlook on the intersection of artificial intelligence with financial services. Plus, Coinbase Institutional head of research David Duong shared his crypto markets outlook for July. And, Superstate CEO Robert Leshner discussed plans to create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool.\nThree Arrows Founders to Donate Future Earnings to Creditors in Spirit of \'Karma\':The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says "karma" motivates the founders to give back.\nBlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner:Refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn\'t specify the name of the underlying market in so-called surveillance-sharing agreements.\nHow Central Bankers Are Reshaping the Definition of Money:Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control.\nBored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low:The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.', 'Good morning. Here’s what’s happening:\nPrices:The market is optimistic that re-filed bitcoin ETF applications have legs.\nInsights:Crypto majors are up in a big way during the first half of 2023 as the market repairs the damage from last year\'s catastrophes.\nCoinDesk Market Index (CMI)\n1,318.38\n+18.2▲1.4%\nBitcoin (BTC)\n$31,153\n+508.5▲1.7%\nEthereum (ETH)\n$1,955\n+15.3▲0.8%\nS&P 500 daily close\n4,455.59\n+5.2▲0.1%\nGold\n$1,930\n+20.3▲1.1%\nTreasury Yield 10 Years\n3.86%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,318.38", "+18.2\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$31,153", "+508.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,955", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,930", "+20.3\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.86%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin Crosses $31K After Bitcoin ETF Issuers Begin Refiling\nHappy Fourth of July.\nWhile many parts of the U.S. are off for an extended long weekend, market action has been tame.\nBitcoin began the Tuesday business day in Asia past the $31,000 mark at $31,153 as theworld’s largest digital asset rallied on Mondayafter a few prospective bitcoin ETF issuers re-filed their applications.\n“Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CoinDesk in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry\'s $1.2 trillion market cap, the most dominant it\'s been in over two years.”\nTheCoinDesk Market Index(CMI) is up 18 points to 1,318.\nMeanwhile, prices of NFTs seem to be becoming disconnected from the price of ether astrading volume plummets.\nThe Bored Ape Yacht Club\'s NFT collectionhit a new lowsince October 2021 with a floor price dropping below 30 ETH ($58,700), an effective halving since April, reflecting a broader slump in the NFT market. But considering ether’s continued performance, there seems to be more confidence in the protocol than this use case.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}]\nLast year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX.\nData from Messari shows that 2023 has fared much better.\nDuring the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year.\nSo far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022.\nBut of all the major assets, Bitcoin Cash (BCH) performed the best, up a whopping 203% so far this year.As CoinDesk has previously reported, technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class.\nOther stand-out performers for the period include liquid staking platform Lido DAO (LDO), which rallied in February on comments from U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’sabout a staking banand then on theshuttering of Kraken’s staking service.\nSolana is also up 93% during the first half of the year, raising prospects for the layer-1 protocol, whose total value soared at the height of the 2021 bull market but then plummeted with the rest of crypto during 2022’s dark days.\nU.S. July 4 Independence Day Holiday\n12:30 p.m. HKT/SGT(4:30 a.m. UTC):Reserve Bank of Australia interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBrett Harrison on Spot Bitcoin ETF Race; Crypto Market Outlook for July\nArchitect CEO and former FTX US president Brett Harrison joined "First Mover" to discuss the recent flurry of spot bitcoin ETF applications in the U.S. and his outlook on the intersection of artificial intelligence with financial services. Plus, Coinbase Institutional head of research David Duong shared his crypto markets outlook for July. And, Superstate CEO Robert Leshner discussed plans to create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool.\nThree Arrows Founders to Donate Future Earnings to Creditors in Spirit of \'Karma\':The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says "karma" motivates the founders to give back.\nBlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner:Refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn\'t specify the name of the underlying market in so-called surveillance-sharing agreements.\nHow Central Bankers Are Reshaping the Definition of Money:Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control.\nBored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low:The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.', "Encryptus is thrilled to unveil the expansion of its fiat support for major crypto assets in the EU zone Hanoi, Vietnam --News Direct-- Prodigy Press Wire Encryptus is thrilled to unveil the expansion of its fiat support for major crypto assets in the EU zone. This significant development aims to simplify the process of buying and selling cryptocurrencies for European users, granting users seamless access to Bitcoin (BTC), USDT, USDC and GBPT against EUR and GBP in addition to US Dollars. This significant development expands Encryptus' capabilities and enables the provision of a wider range of crypto-asset off-ramp and on-ramp services to institutions, including institutional investors, sovereign wealth funds, venture capitalists, asset management companies, fund managers, and high-net-worth individuals in most European countries. Encryptus was granted the VASP authorisation in July 2022 and was additionally added to the Lithuanian Crypto Operators register in Feb 2023. The firm is authorized to operate as a \x93Cryptocurrency Exchange Operator\x94 and \x93Cryptocurrency Wallet Operator\x94 in Lithuania; an European Union member country. Encryptus envisions an exciting future where users across Europe can effortlessly engage in converting major crypto assets to and from fiat, while also benefiting from the introduction of additional stable coins like GBPT to further enhance the offering. Token to token trading is not supported and only major crypto assets are supported. Buying and Selling Now Easier for European Users Encryptus offers a full proof eco-system that is well integrated with TRM Labs for Wallet and Coin Monitoring, KYC (Know Your Customer) and KYB (Know Your Business) onboarding online and self-custody with FireBlocks. The user experience is seamless because both Institutions and HNWIs can be fully onboarded by using a fully automated onboarding solution. In addition the ecosystem offers only clean crypto currencies when buying and selling. The users must bring their own wallets when buying crypto assets against fiat. Prior to buying, whitelisting as a service is offered on the platform. This is a unique service and not really available on any major platforms. Story continues The Encryptus services are also available to partners that allows them to consume the liquidity and technology via ready APIs. Businesses and Traditional companies can also launch their own OTC desk by fulfilling all the necessary KYB, Enhanced Due Diligence (EDD) As part of this cooperative effort, Encryptus has been actively developing local banking relationships and fostering local talent. According to Shantnoo Saxsena, the founder of Encryptus, \x93Our aim is to facilitate the adoption of cryptocurrencies among institutions while adhering to compliance and transparency. Encryptus is for users who wants access to clean coins and verified funds. The company is built with with 3 core fundamentals i.e. Compliances, Technology and Sharing infrastructures \x94 Looking ahead, Encryptus also aims to bolster its competitive advantage in the banking sector, particularly in comparison to other jurisdic Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $602,565,338,325 - Hash Rate: 357504393.99162006 - Transaction Count: 378556.0 - Unique Addresses: 645583.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Dash, a blockchain powering the namesake privacy-focused coin, stopped processing transactions and producing new blocks early Monday morning, according to Samuel Westrich, CTO of Dash Core Group. “There was a problem during v19 activation of Dash Core," Westrich tweeted around 5 a.m. UTC (1 a.m. EST). "The chain is stalled and currently not producing blocks," he added. "We have everyone investigating the issue." Several hours later, Dash Core developer Pasta tweeted that the devs had identified issues and were working on a fix. “There are two options we are investigating, and everyone is focused on promptly resolving this issue,” Pasta wrote, adding that the planned release of the latest Dash Core client update, v19, might be delayed to resolve the issues first. According to Pasta blocks and transactions on the Dash blockchain will not be considered final until an update is deployed. Exceptions will be made for two sorts of transactions specific for Dash: ChainLocked and InstantSend locked transactions. One Dash Discord member – citing a call with the developers – said the update might be delayed until June 14. For the last 10 hours, there have been no fresh updates from the developers team and Westrich has not returned CoinDesk’s request for comment by press time. Following the news, crypto exchange Binance announced that its own mining pool for DASH will suspend the distribution of mining rewards until the blockchain resumes block production. A user on the DashPay Reddit page suggested that the planned v19 update did not go smoothly. The developers launched a hard fork, which introduced a new type of nodes, and these new nodes created a mess, so the blockchain split into two chains running in parallel. “The chain appears to have bifurcated now with some nodes running forward past the fork block 1874880 and others still stuck on 1874879,” user xkcdmpx wrote . “It seems about 10-20% of the network is able to move forward, however, we do not have confirmation if this is the 'correct' chain." Story continues Some later posts in the thread had been since deleted and users complained about excessive subreddit moderation on the official Dash forum . Update in the air The update for Dash network clients was announced on April 14 and included significant modifications on how the nodes and wallets function. The update requires a hard fork – an irreversible change in the protocol rules that needs to be adapted by the absolute majority of nodes – otherwise the blockchain will split into two parallel versions of transaction history. After the v19 activation, a new version of Dash masternodes will be introduced, with higher collateral requirements and more authority on the blockchain, according to the Dash Core official website . Masternodes host full copies of the blockchain and support some complex functions of Dash. They need to post a collateral to operate, receive rewards for supporting the network and also can vote to support new projects for Dash. The update will bring a number of other changes for nodes, wallets, Dash anonymity features and other aspects of the blockchain’s operation, including copying some of the features of the Bitcoin blockchain. One of the new features will be that transactions that appear “stuck” in the queue to be processed will be re-sent sooner that they are now, after one hour, instead of the current more than 24-hour delay. At the same time, Dash Core has been working on the Dash Platform v0.24 update on testnet to bring some high-level updates to how the blockchain works. Dash was launched in 2014, more than a year later than Ethereum, but hasn’t been enjoying massive popularity, currently with a market cap of $493 million, 85th in size on CoinMarketCap .... - Reddit Posts (Sample): [['u/corey407woc', 'How much Bitcoin do you need to be in the 1% of Bitcoin holders??', 13, '2023-07-04 00:06', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/', 'We always see 0.28 thrown around to be 1% of global population, was curious for people who already own btc, what is the number of BTC a person needs to be considered 1% of all current holders? 1? 2.1? 3?', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/', '14pwgot', [['u/The-real-W9GFO', 10, '2023-07-04 00:20', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqk8zlt/', 'That would be owning 1% of all bitcoin, not the same as being in the top 1% of people holding bitcoin.', '14pwgot'], ['u/HaveRewengey', 11, '2023-07-04 00:34', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqkatsd/', "It's not that number, as the distribution impacts the percentage...it's not just simple division.\n\nThe best guesses based on on-chain analysis is anywhere from 3-4 BTC to be in the top 1% of all BTC holders.", '14pwgot'], ['u/Astewen', 17, '2023-07-04 01:03', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqkeka9/', 'The most recent number I heard was 3.4 BTC puts you in the top 1%', '14pwgot'], ['u/a4ther', 27, '2023-07-04 04:38', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jql46wz/', '210,000 will put you in the 1% for sure', '14pwgot'], ['u/yubacore', 11, '2023-07-04 08:09', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqlorv4/', 'So … about three fiddy?', '14pwgot']]], ['u/ReallyBoredMan', 'Just passed 1 Million Net Worth!', 110, '2023-07-04 00:34', 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/', "There have been a lot of these lately. I guess that happens with the recent upturn in the market. We hit this milestone the last week of June.\n\nIt's been a journey getting to this point as last year we stayed basically the same, and there have been a lot of fluctuations this year. Both my wife and I both started around 40K per year, and now we both make about 120K+ after accounting for bonuses (total income is right around 250K). We have been working for about 10 years each. I have been with the same employer, and my wife has been with 4 different employers.\r \n\r \nOur FIRE number is $100K at 3% SWR= 3,333,333. Our FIRE assets are 739,500, so we are 22.19% way there. Every year we will be adding at least (22,500 \\[401(k)\\] + 6,000 \\[Roth IRA\\]) x 2 because we are both working + 42,000 \\[brokerage\\] + 8,300 \\[HSA\\] doing family HSA next year = 107,300. So, over the 12 years we are looking to FIRE, we are contributing an additional 1,287,600 to the principal. With growth from the current principle and future contributions, we should be able to our FIRE number by our estimated date in about 12-13 years.\n\nBelow is my breakdown of assets, budget, and history of how we go there (I don't have all my wife's work history)\n\n \n\\-----------------------------------------------------------------------------------------------------------------------------------------------------\n\n\r \nBreakdown of assets:\r \n\r \nLiquid Assets (32K) \\[2% of assets\\]:\r \nChecking: 18.5K\r \nSavings: 8K\r \nOnline savings account (used as a personal escrow account for Home + Auto insurance and Property Taxes) 8K (less 2.5K for taxes due this month = 5.5K)\r \n\r \nNon-Retirement Assets (penalty-free investments) (221.5K) \\[19.76% of assets\\]:\r \nCompany Stock 32K - still at a good valuation and does pay a good dividend. We will continue to hold, but I will likely look to divest closer to our FIRE date\r \nBrokerage: 169K\r \nIndividual stocks: 9.5K - I no longer invest in single stocks. I am just holding\r \nCrypto: 1K - Only have 1K in Bitcoin in it just to follow what is going on, I bought in 1K at 33K.\r \n\r \nRetirement Assets (518K) \\[46.23% of assets\\]:\r \nMy 401(k): 220K\r \nWife 401(k): 186K\r \nMy Roth IRA: 64K\r \nWife Roth IRA: 46K\r \nHSA: 2K - This is the 1st year we are doing it. Currently just in my name, testing out.\r \n\r \nLong-Term Future Expenses \\[1.43% of assets\\]:\r \n529 for Child’s College (child is 2 years old): 16K\r \n\r \nFixed Assets (333K) \\[29.71% of assets\\]:\r \nHouse: 292K - bought for 162K in 2015\r \nWife’s car: 27K (only 20K miles on 2018 SUV)\r \nMy Car: 14K (75K miles on 2016 sedan)\r \n\r \nTotal Assets: 1,120,500\r \n\r \nBreakdown of Liabilities \r \n\r \nCurrent Liabilities\r \nTotal of credit cards: 3.5K - Paid off monthly\r \nLong-Term Liabilities:\r \nMortgage 106K - 1.999% interest rate on a 15-year mortgage (12 years remaining)\r \n\r \nTotal Liabilities: 109.5K\r \n\r \n\r \nNet worth: 1,011,000\r \n\r\n\n\\-----------------------------------------------------------------------------------------------------------------------------------------------------\n\n\r \nBelow is a breakdown of my budget. This is done post-deductions (does not include 401K or HSA), also, we do lump sum investing for IRA at the beginning of the year with year end-bonus.\r \n\r \nBreakdown of monthly Budget:\r \n\r \nIncome:\r \nBoth jobs combined salary only: 10,076\r \n\r \nBudgeted Expenses (9,904)\r \n\r \nInvesting After-Tax (Total 4,000):\r \nBrokerage investing: 3,500\r \n529 Investing: 500\r \nFixed Expenses (Total 2,514):\r \nDaycare 1,409\r \nMortgage: 805\r \nPhone: 126 - Includes a Financed phone\r \nInternet 73\r \nYoutube TV 73\r \nNetflix + HBO: 28\r \nPlanned short-term expenses (Total 440):\r \nHome + Auto Insurance + Home Taxes: 440\r \nVariable Expenses (planned) (Total 2,200):\r \nRestaurants: 1,000 (Spent 947 last month)\r \nGroceries: 700 (Spent 619 last month)\r \nGas & Fuel: 150 (Spent 92 last month)\r \nDog food + grooming: 150 (Spent 178 last month)\r \nUtilities: Gas, Electric, Water/Sewer: 200 (Spent 179 last month)\r \nMisc (750 total)\r \nThings too small or random for budget: 750 (Spent 802 Last month, but includes Hotel for vacation (flight was previously booked))\r \n\r \nThe leftover is 172. We did have apparently a water leak. the water bill decreased from 500 to 150 (paid quarterly). Repair paid for itself on the next bill we received.\r \n\r \nMisc also includes my wife’s 2 credit cards, which are mainly Target for kid's stuff (clothes, diapers, shoes, etc), coffee, or anything else she wants like plants and soil.\r \n\r \n\\-----------------------------------------------------------------------------------------------------------------------------------------------------\n\n2014: \r \n* Q1 Started a job out of college making ~40K a year (hourly) as a mortgage underwriter. \r \nStarted contributing to 401K at 10%, and over the year, it increased to 15%\r \n\r \n2015:\r \n* Q1 Received a 5% increase, and I bought my 1st and current house when I had no debt (only credit cards that I pay off monthly). The mortgage was only in my name even though my wife (girlfriend at the time) was going to live with me 30-year mortgage, 4.25% interest rate, and 5% down. \r \n* Q4 I received a promotion to a salary of 55K a year (about a 27% increase in pay)\r \n\r \n2016: \r \n* Q2 I received a promotion to 72K a year (about a 30% increase in pay). \r \n* Q2 My car needed a new engine, therefore I had to get a new car. Got a 2016 Mazda6 for \\~25K at a 0% interest rate\r \n* Q3 Received a 4% mid-year increase due to increased responsibilities (not a promotion)\r \n* Q4 Wife paid off the last of her student loans\r \n\r \n2017: \r \n* Q1 Received a 3% increase. \r \n* Q2 Switched from a bank to a Credit Union - The credit union generates 3% interest on the checking account and still does\r \nI contributed 13.8K to 401K (did not max out, which would have been 18K)\r \nMy wife contributed 3.7K\r \n\r \n2018:\r \n* Q1 Received a 3% increase. \r \n* Q2 Got married \r \n* Q2 Wife traded in a car to a 2018 Subaru Forester on a 4-year loan at 0% interest ~30K\r \nI contributed 15.5K to 401K (did not max out, which would have been 18K)\r \nMy wife contributed $6K to 401K\r \n\r \n2019: \r \n* Q1 Received a 3% increase. \r \n* Q2 Read “The Millionaire Next Door” and got into the FIRE movement\r \n* Q3 Refinanced the mortgage into a 20-year at 3.5% (payment decreased) and removed escrow from the mortgage payment. \r \nBoth my wife and I maxed out 401Ks and IRAs (19K + 6K)x2 \r \n\r \n2020: \r \n* Q1 Received a 3% increase. \r \n* Q3 Received a 29%+ raise (not promotion) to 109K due to salary increases in the industry. \r \n* Q3 Refinanced the mortgage into a 15-year at 1.999% interest rate (payment only increased by $20 per month. \r \n* Q4 Had our 1st child. \r \nBoth my wife and I maxed out 401Ks and IRAs (19.5K + 6K)x2 \r \n\r\r\r \n2021: $475K Net Worth (before moving over Robo-Investing funds) \\~100K extra for Robo.\r \n* Q1 Received a 10% salary increase to $\u200e120K due to the company hitting company goals. \r \n* Q2 The baby started daycare starting (which costs more than the cost of our mortgage)\r \n* Q2 I paid off my Mazda6 loan in full ( I did not pay extra since it was a 0% loan)\r \nBoth my wife and I maxed out 401Ks and IRAs (19.5K + 6K)x2 \r \nCompleted an in-depth review of every dollar received and will do this every year going forward.\r \n\r\r \n2022: $706K Net Worth\r \n* Q1 Received a slight 2.2% increase. Currently making 123K. \r \nUsing Dependent Care FSA - $5,000.\r \nMaxing out 401k, and we already maxed out IRA\r \n* Q3 Wife’s Subaru Forster paid in full. Had a 4-day vacation up north, and we got COVID :( after not getting it during the peak \r \n* Q3 Received discretionary RSU grant worth approximately $20,000 that will vest over 3 years.\r \n\r \n2023:\r \n* Q1: Wife received a large pay increase to 105K!\r \n* Q2 Hit 1 Million Net Worth", 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/', '14px5oy', [['u/uuddlrlrBAselectstrt', 12, '2023-07-04 01:08', 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/jqkf5pu/', 'I like your quarterly breakdown. Congrats', '14px5oy'], ['u/ReallyBoredMan', 13, '2023-07-04 01:32', 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/jqki6bz/', 'Extra travel, Taxes, and Healthcare + extra insurance to not go back to work. We really want to travel a lot.', '14px5oy']]], ['u/Hectorhairyhands', 'Is this the start of the next bull run?', 88, '2023-07-04 02:10', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/', 'I’ve known about Bitcoin since 2020, started dabbling in it when the pandemic hit. \n\nI originally got in at 45k and had a bit of a love hate relationship with it as I felt it wasn’t the moonshot I was looking for at the time.\n\nNow I’ve been around the block for a few years and finally understand how it works and why it’s the currency of the future.\n\nWith the halving coming up next year and the sheer amount of institutional money about to flow in, I can’t help but think that this is the start of the biggest bull run that we’ve seen so far.\n\nCountries are adopting Bitcoin, massive money managers are trying to get in and we all know how the halving effects the price without these major catalysts.\n\nAll this coming together makes me feel like we won’t be seeing prices like this ever again.\n\nSo what do you think? Are we actually in the first faces of the next bull run?', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/', '14pzex6', [['u/Random_Walk87', 20, '2023-07-04 02:41', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqkqo40/', "I wouldn't say this will be a bigger bull run than that of bitcoin's early years, but I suspect it'll be bigger than the last one by a percentage basis. Just be prepared bitcoin has massive drops even during bull markets", '14pzex6'], ['u/untouch10', 12, '2023-07-04 02:58', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqksm4o/', 'Its a bit too early', '14pzex6'], ['u/llllllllllllllll12', 31, '2023-07-04 03:06', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqkto8c/', 'I think it is. I agree with your points here.', '14pzex6'], ['u/Bitter_Somewhere7052', 23, '2023-07-04 03:18', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqkv094/', 'There is a lot of institutional interest compared to previous years. I suspect this is the beginning. However both ups and downs ahead. Go long. Nfa', '14pzex6'], ['u/Hectorhairyhands', 15, '2023-07-04 05:28', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jql9mw3/', 'It’s funny, I found out about self custody before I found out about cefi so I’ve never had to worry about that. Been my own bank since the beginning 😎', '14pzex6'], ['u/BigTimeButNotReally', 18, '2023-07-04 05:33', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqla7fi/', 'I think THAT is why the big institutions are jumping in. They believe it will go up and want in.\n\nIt will be a sort of self fulfilling prophecy', '14pzex6'], ['u/hughlanko', 23, '2023-07-04 07:56', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqlnqmi/', 'That’s a rickroll, isn’t it?', '14pzex6']]], ['u/killerkambri', 'I CRACKED THE CODE BTCHES!! Amelia/Zeph Theory', 670, '2023-07-04 02:28', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/', 'I am like 99.9% sure Amelia lied to MC about the story behind Zeph kissing/being in love with her. I’ve spent wayyyy too much time thinking about it & I’ve realized it literally just doesn’t make sense or add up in any way. \n\nAmelia’s story: Zeph came to MC’s job looking for MC after she’d already left. Instead of calling MC or going to her house, Zeph randomly decided to take Amelia to dinner instead (why??). At dinner, he confesses his feelings to Amelia and kisses her. After the kiss, they don’t discuss anything & Zeph leaves for his tour, leaving behind both MC and Amelia (the person he JUST confessed his love to?? Makes no sense).\n\nEvidence against Amelia: \n1. We know she had a crush on Zeph thanks to her dodgy answer to Ivy’s “have you and your twin ever liked the same person” question during truth or dare. \n\n2. We know Amelia has either tried to or succeeded in kissing MC’s romantic interests at least 4 times (the cheek kiss with OG LI, the secret kiss with Roberto or OG LI, the kiss that almost happened with OG LI in MCs bed, and the kiss with Zeph).\n\n3. We know Amelia & MC have a history of pretending to be each other.\n\n4. We know Zeph told Ozzy he left a girl (MC) behind & regrets never giving her closure. \n\n5. (Edited to add additional evidence bc I just replayed ep. 18) We know it’s unlikely that Zeph had been harboring secret feelings for Amelia like she claimed because she told MC that Zeph invited her to dinner to “get to know her better”. How could he love her if, in her own words, he doesn’t even know her that well? \n\nMy Theory: Amelia always had a crush on Zeph, so when he showed up looking for MC, she pretended to be MC & went out to dinner with him (this explains why Zeph didn’t try calling MC when he couldn’t find her). I think Zeph was going to ask MC to be his official girlfriend and go on tour with him (which is why he was looking for MC in the first place). Zeph confessed his love to Amelia thinking she was MC, and didn’t realize until after he kissed her that she wasn’t. Once he realized he kissed the wrong twin, he was so embarrassed and ashamed that he left for his tour without explaining any of it to MC. Amelia never heard from him again because he never loved her in the first place. He then confides in Ozzy that he regrets how he left things & wishes he could make things right, which is why he goes on Love Island to win MC back.\n\nBOOM. I cracked the code. Amelia is a dirty little snake & Zeph will confirm what actually happened when he gets to the villa. Either my theory is correct or the FB writers left a TON of inconsistencies & plot holes in the Zeph storyline, because this is the only possible way it makes any sense. What do y’all think?? Am I way off or is it clicking for y’all the way it clicked for me?', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/', '14pzssn', [['u/Ilovedilfs16', 246, '2023-07-04 02:42', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkqsgg/', 'Omg yessss u literally explained it perfectly 👀\n\n![gif](giphy\|3oKIP8kNuTJJL3zT0I)', '14pzssn'], ['u/killerkambri', 41, '2023-07-04 02:49', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkrmlp/', 'Right??? I knew I was on to something 😏', '14pzssn'], ['u/Tocaboca1', 83, '2023-07-04 02:55', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqksa3v/', 'This makes perfect sense and would make Amelia even more of a snake than she is already', '14pzssn'], ['u/jaykelm', 187, '2023-07-04 02:59', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqksr6n/', "There's one more thing that I think plays a part in it. In one of the challenges it's revealed that Amelia once ghosted someone by leaving the country. I think her little ruse with Zeph lasted longer than just that one night and shit really hit the fan when he found out.", '14pzssn'], ['u/killerkambri', 57, '2023-07-04 03:02', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkt2uv/', 'I genuinely believe Amelia might be the big villain of the season! I didn’t want it to happen that way bc I really wanted to have a cute twin relationship with her, but FB has just been giving us hints & crumbs here and there to let us know she’s not as truthful or loyal to MC as she claims.', '14pzssn'], ['u/killerkambri', 122, '2023-07-04 03:05', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqktfxa/', 'Not to mention when MC and Amelia were reminiscing about skipping prom together, Amelia said “there’s actually something I never told you about that night” and she never elaborates. Zeph prob wanted to take us to prom but she did something to prevent it from happening. \n\nWhat other evil shit has she done & never told us about???', '14pzssn'], ['u/ahhhelpmeplsihateit', 193, '2023-07-04 03:27', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkw0rx/', 'Amelia being the secret villain of the season would be a gag', '14pzssn'], ['u/kailemergency', 67, '2023-07-04 03:29', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkwa1o/', 'From the moment she showed up, I’ve only seen her as\n\n![gif](giphy\|2lbhL8dSGMh8I)', '14pzssn'], ['u/Okay_Screensaver', 112, '2023-07-04 03:41', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkxo3f/', 'I agree with you but I think it definitely lasted longer than one night, I think that they had sex and Zeph found out after that, which is why Amelia had to fuckin flee the country when he found out. Shit definitely ain’t adding up and I’m salty because I wanted so badly to like Amelia and have it be us against the world, but atp I’m ready to dump her ass', '14pzssn'], ['u/killerkambri', 65, '2023-07-04 03:42', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkxux2/', 'Yes! All I know for sure is that Amelia deceived Zeph and lied to MC about it. Whether she took it further, idk. It’s very likely she did, but what I DO know is that Zeph WAS NOT IN LOVE W HER ASS. She’s fucking delulu lmao', '14pzssn'], ['u/MangoSunX', 83, '2023-07-04 03:45', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqky6fd/', "To me it comes across that she feels she's lived in MC's shadow her whole life so she goes after MC's guys not because she likes them but because she just wants what MC has.", '14pzssn'], ['u/MouCuh', 53, '2023-07-04 03:45', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqky6x6/', '\n\n![gif](giphy\|CqVk4VTS35iZUujvBk)', '14pzssn'], ['u/killerkambri', 168, '2023-07-04 03:52', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkyz6o/', 'I’m already prepared for the whole “I was sick of always living in your shadow, MC!!!” speech she’s gonna give once her ass is exposed once and for all. A whole ass evil villain lmao', '14pzssn'], ['u/loubegasmambonumber5', 52, '2023-07-04 04:01', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkzzn8/', 'along with this - I can see Amelia trying to take the limelight from MC when the finale comes around. Like jumping on stage if our MC happens to be the winner of the season.', '14pzssn'], ['u/kflem0628', 11, '2023-07-04 04:05', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql0g9u/', 'I too have felt everything you said .', '14pzssn'], ['u/killerkambri', 41, '2023-07-04 04:23', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql2jjp/', 'Pleeeaaaaseee 😭😭 if she tries something like that FB better give us the option to push that ho off the stage', '14pzssn'], ['u/killerkambri', 18, '2023-07-04 04:24', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql2kyl/', 'AND DID BC IT DONT MAKE SENSE ANY OTHER WAY!!', '14pzssn'], ['u/xtrrdnrlymprfct', 33, '2023-07-04 04:28', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql310h/', "There is a dialogue in which the MC can tell a story about when Amelia pretended to be her at work in a pub, so that way MC could go to a job interview, this was back in college, so maybe Zeph had drinks with Amelia back at the MC's work. Maybe she thought it would be fun to continue playing being her sister with him, so he kissed her. Or she simply took advantage of the situation like you said.", '14pzssn'], ['u/killerkambri', 22, '2023-07-04 04:31', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql3d7j/', 'Yeah that is a possibility, that she pretended to be MC as a joke but it went too far. If FB wants to save Amelia from being a villain, that’s the story they’ll go with. But even then it doesn’t explain why she lied to MC and said Zeph confessed his love to her when he didn’t even know it was her in the first place (if my theory is right).', '14pzssn'], ['u/AmidstMYAchievement', 49, '2023-07-04 04:33', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql3o37/', 'I really hope FB doesn’t do this (Zeph thinking he slept with MC when it was Amelia) cause that would be SA on Amelia’s part.\n\nWouldn’t be surprised, after S5, if they went this way though.', '14pzssn'], ['u/LeekInTheLoft', 35, '2023-07-04 04:43', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql4ret/', 'i never would’ve put this together like that !! ive been defending amelia this whole time cause the story never made sense to me but now that it does i wanna go to war 😭! im already imagining the tea zeph is gonna spill .\n\nhttps://preview.redd.it/n6ojftfa2v9b1.jpeg?width=897&format=pjpg&auto=webp&v=enabled&s=1a6cfb63b6650fc844523596f47ddb04f258708f\n\nnow the real question is whether imma try to get my man back or not 🌚.', '14pzssn'], ['u/xtrrdnrlymprfct', 10, '2023-07-04 04:49', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql5eid/', "True and the strange part for me is that I don't understand what Amelia was doing at her sister's work. Everything leads me to believe that she is lying about something or at least omitting.", '14pzssn'], ['u/Pearlbracelet1', 10, '2023-07-04 05:07', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql7f68/', 'Love this theory.', '14pzssn'], ['u/EstablishmentTall998', 63, '2023-07-04 05:08', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql7i1h/', 'if she does a speech like that… fusebox needs to add a GUN ACCESSORY (maybe with a matching knuckle buster 💅🏻 ) I must slay while I slay', '14pzssn'], ['u/acidnvbody', 55, '2023-07-04 05:53', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlc7u9/', 'I’m already convinced she is cause I can understand my LI thinking my twin sister is me when she’s in my bed in a dark room but she knew she was laid up with my LI and just went with it. I’m with OP there’s a pattern', '14pzssn'], ['u/killerkambri', 25, '2023-07-04 06:07', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqldp3m/', 'Omg yes I didn’t even think about that! ew Amelia would literally be the worst islander of all time if that’s the case', '14pzssn'], ['u/killerkambri', 17, '2023-07-04 06:10', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqldxq5/', 'Riiiiiight bc I could’ve been a popstar’s gf this whole time?? Yeahhhhh I might have to get my man back 🤭', '14pzssn'], ['u/killerkambri', 18, '2023-07-04 06:52', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlhzsq/', 'omggg boooooo go away, vibe killer 🙄', '14pzssn'], ['u/rosepeachcat', 26, '2023-07-04 07:01', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlitot/', 'Zeph has to be hotter than all of them though, if he wants to get back with my MC. she deserves the world, she is queen', '14pzssn'], ['u/LeekInTheLoft', 17, '2023-07-04 07:08', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqljiby/', 'ikdr ! if zeph isnt drop dead gorgeous then tbh amelia can have him 🤣', '14pzssn'], ['u/RogueVelle', 17, '2023-07-04 07:33', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqllrm2/', 'Love your mind, love this theory, and I REALLY want it to be true…but Fusebox likes to humiliate us for some reason.\n\nI have a feeling the real story will be something totally embarrassing for MC. It won’t feel like a semi romantic “the one that got away” rom com. Instead it’ll be something like “oh god, he never even knew I existed and now the entire viewing audience knows I was catching feelings for someone who was into my twin Amelia all along”.\n\nI want your version to be real! 😭', '14pzssn'], ['u/Black_Cat_86', 15, '2023-07-04 07:54', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlnjx9/', 'OP did you by any chance read all of her answers once she has a confession?? I know that MC has to pick one and didn\'t care to replay because of it, but i saw there were mutliple questions such as "was it just a kiss, did you hear from him again and so on.." ... I am interested in her responses and explanations..', '14pzssn'], ['u/killerkambri', 24, '2023-07-04 08:00', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlo19r/', 'When you ask about the kiss, Amelia says it was just a kiss & it was meaningless. She also said they never talked about whether or not to tell MC about the kiss. She said Zeph left right after it happened and she never saw or spoke to him again (outside of seeing him on TV).\n\nI never picked the “who initiated the kiss” option, but I’m guessing Amelia probably said Zeph initiated it lol', '14pzssn'], ['u/Black_Cat_86', 21, '2023-07-04 08:10', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlovg2/', "So she stuck with her story and didn't really give much else. I mean your theory is honestly valid as any. I am just afraid MC entering CA tomorrow and having a shocked look on her face because one of those boys is actually Zeph 💀", '14pzssn'], ['u/blued98', 13, '2023-07-04 09:56', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlx73r/', 'This SHOULD be what happenes btw it also explains why amelia left the town for years too. She also dodged mc very very long time because she feels bad i think ?', '14pzssn'], ['u/Okay_Screensaver', 21, '2023-07-04 10:41', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqm0fai/', 'Oh absolutely she would be the worst, but the way they’re going now, I would not count on them changing trajectory. It feels like they’re building it up to turn out to be worse and I’m not happy with that at all. I’m poised to fuck Amelia up if she did go too far', '14pzssn'], ['u/Merkels_world', 14, '2023-07-04 11:06', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqm286q/', "You should be WRITING for fusebox, is what I'm thinking haha. You pointing out the inconsistencies in Amelia's story is valid, but I reaaally doubt FB has gone that deep with it. It's definitely viable, and I'll be impressed with FB if this all does play out like you say. But I suppose time will tell. All in all tho, girl you smart as hell.", '14pzssn']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, July 04, 2023', 24, '2023-07-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/', '14q473e', [['u/Yodel_And_Hodl_Mode', 14, '2023-07-04 09:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqlvee4/', "I don't see us dropping below 20k unless there's another true black swan event. And I don't count something like an exchange going bankrupt as a black swan event. I'm not convinced we won't see another exchange go under during this cycle, and I'm sure we'll see it in the next.\n\nCovid was a true black swan event. It was a once in a century event, but even that only had a temporary effect on Bitcoin. I'd say the odds are 0%, but we've seen things over the past 5 years I never imagined happening in my lifetime. A global pandemic. A coup attempt in the U.S. Adam Sandler made a movie that wasn't stupid.\n\nBitcoin under 20k again? I doubt we'll ever see it.\n\nIn fact, I doubt we'll see Bitcoin drop below 25k again, but if we do I'll be spending every last dollar I can scrounge up on sats. Then again, I'm already doing that. I just bought 2 million sats tonight, in fact! It feels so much better saying 2 million sats, rather than 0.02 BTC, even though it's the same thing :)\n\nWhat was the question? Oh, yeah. You asked about odds. I'll take evens. Bring on 2024! The future's so bright, we've gotta shade bears.", '14q473e'], ['u/DaBrokenMeta', 17, '2023-07-04 10:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqm0y8a/', 'Going to make a Bold Prediction and say that there will be fireworks today', '14q473e'], ['u/JamieRichbell', 12, '2023-07-04 11:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqm51bd/', 'Does this prediction have any substance behind it or just a baseless guess?', '14q473e'], ['u/juiceous', 11, '2023-07-04 13:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqmehl9/', "Plot Twist: He works at Disney's Magic Kingdom", '14q473e'], ['u/sevcapital', 17, '2023-07-04 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqmlpxu/', 'European spotted', '14q473e'], ['u/diydude2', 13, '2023-07-04 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqn7eky/', "I must admit that it's looking a bit toppy in the short term. Closing my long from 29.8 at 30.9.", '14q473e'], ['u/xtal_00', 18, '2023-07-04 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqndb6a/', 'Everyone waiting for $19k is going to be sorely disappointed. Hehe', '14q473e'], ['u/BootyPoppinPanda', 18, '2023-07-04 20:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqnu0kt/', "What do we see first? Upvote for 36k, downvote for 25k. Happy 4th Yanks. Don't touch fireworks if you're wasted.", '14q473e']]], ['u/Rafalix01', '"Stability AI CEO: There Will Be No (Human) Programmers in Five Years"', 10, '2023-07-04 06:45', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/', "Emad Mostaque, CEO of Stability AI, believes that the influence of artificial intelligence will greatly decrease the need for human programmers within the next five years, citing the rapid increase in AI-generated code and various applications developed by his company.\n\nCurrent State of AI and Future Predictions: Emad Mostaque discusses the present condition of the AI industry and its future, asserting that within five years there will be a significant reduction in human programmers due to AI advancements.\n\n* Emphasizes that 41% of all code is AI-generated\n* AI has surpassed cryptocurrencies like Bitcoin and Ethereum in popularity on GitHub\n\nStability AI's Role and Objectives: Stability AI, led by Mostaque, has several ambitious projects under development aimed at utilizing AI in a range of sectors.\n\n* Stable Diffusion, an open-source image generator, is one of their successful creations\n* Other projects include models for protein folding, DNA analysis, chemical reactions, language processing, and audio-visual data\n\nJob Security and AI: The issue of job security in an AI-dominated future is addressed by Mostaque, who sees AI as a tool that enhances human potential rather than a threat to employment.\n\n* Rejects the notion that AI will eliminate jobs, rather it will create better ones\n* Sees the provision of valuable information to humans as a world-changing ability of AI.\n\n\n\n[Source (Decrypt)](https://decrypt.co/147191/no-human-programmers-five-years-ai-stability-ceo)\n\nPS:\xa0I run a\xa0[ML-powered news aggregator](https://dupple.com/techpresso)\xa0that summarizes with\xa0an AI\xa0the best tech news from\xa050+ media\xa0(TheVerge, TechCrunch…). If you liked this analysis, you’ll love the content you’ll receive from this tool!", 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/', '14q536t', [['u/Few-Artichoke-7593', 22, '2023-07-04 07:04', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/jqlj4dg/', "I'm a programmer who has sampled every AI out there. I'm not worried in the slightest. They aren't even close to ready to replace our dumb intern Mark.", '14q536t'], ['u/FjorgVanDerPlorg', 18, '2023-07-04 07:17', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/jqlkbqm/', 'Bookkeepers said the same thing about Microsoft Excel... Just like Excel the "replacement" will happen the same way; it wont be GPT instance where Mark the intern used to be, it will be a room of coders getting replaced by 3 guys, who are using AI tools to turbocharge their productivity.\n\nRight now, there is already a baseline created by GPT - if you can\'t code better than GPT, you are getting replaced and yes, the bar is that low in some areas of coding. That baseline is gonna continue to rise, at an accelerating rate.\n\nSome specialty areas will progress slower, others AI is already outpacing what humans can do, there\'s already some new AI made sorting algorithms that are beating out their human created competition and that\'s just the early days.\n\nI don\'t agree it will take all the coding jobs, but 5 years right now is a long time in AI advancement terms.', '14q536t'], ['u/Minimum-Map5552', 11, '2023-07-04 09:22', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/jqlunkt/', 'Why does every CEO of a hyped trend company turn into a caricature of him or herself?', '14q536t']]], ['u/Jimmy_Wrinkles', 'Taking Profits vs. HODL for the Big Boys', 52, '2023-07-04 06:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/', "I keep seeing posts talking about taking profits during the bull, but is there anyone here planning on holding until a set life event?\n\nFor me, I have about a 65%/30% BTC/ETH ratio with one alt. I treat crypto the same way a traditional fund invests a small% in high risk/high reward stocks, with the plan that when I near retirement I will sell my holdings. \n\nI'm in my 40's so realistically I have about 6 market cycles until I get to retirement territory, if it holds every 4 years for each cycle. While I realize the possibility that even Bitcoin could go down the toilet, I don't invest more than I can afford to lose so I'm taking the chance that keeping all my crypto, rather than selling a portion along the way, will make the most of my investment. \n\nIs anyone else here using this strategy or am I in the minority treating the big two as true long-term investments?", 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/', '14q5a54', [['u/MichaelAischmann', 37, '2023-07-04 07:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqljj8t/', 'Holding until I can buy a home.', '14q5a54'], ['u/Qptimised', 18, '2023-07-04 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqlk1oh/', 'You can HODL, but I find that selling during bull market and then rolling those back during the bear market would net an even higher gain. \n\nBut the key here is patience and discipline. Easy to fall for FOMO during the bull.', '14q5a54'], ['u/jadequarter', 10, '2023-07-04 07:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqlkzwy/', 'blackrock / fidelity and all these big boiz filing for ETF?? hold til 100k', '14q5a54'], ['u/Da_Notorious_HAM', 11, '2023-07-04 07:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqlnh0v/', 'For the love of satoshi just get me a van by the river', '14q5a54'], ['u/kirtash93', 15, '2023-07-04 09:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqluj10/', 'I love to see that 99% of people here invest in crypto to be able to reach a basic goal like owning a home. \n\nWhich leads me to think how bad things have been managed by governments that even owning a home has become a dream. Sad 😢', '14q5a54'], ['u/rpennybags', 10, '2023-07-04 20:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqnrjjz/', 'But the price of the house will also increase rapidly, tough to buy a house now days', '14q5a54']]], ['u/begging-for-gold', 'I’m kinda sick of losing', 35, '2023-07-04 07:15', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/', 'For some context, I started overwatch late, a little after where echo was released. Jumped right into comp and stayed in gold for a while. Ended up ending overwatch 1 in diamond\n\nCome overwatch 2, I started out doing really well, winning a lot and feeling like I was really doing well in games. \n\nFor the first few seasons I was mid masters ending in masters 2 before I dropped\n\n\nNow here I am in low plat and just ended my consecutive 15 losses for a rank up.. AGAIN. \n\nThis entire season so far I have not gotten the 5 wins to rank up without having at least 10 losses. It really hurts to constantly lose this much and I’m getting kind of sick of it. \n\nHas anyone else experienced this kind of sore point? How do you fix it? My aim has gotten worse and I just can’t seem to do anything meaningful in a game anymore despite usually ending with the highest damage and elims with some of the least deaths. \n\nHere’s the last 10 games I’ve played recently, 8 losses and 2 wins, around the low plat range\n\n\nWin- Havana- 2zjnap\n\nLoss- colosseo- 8gpteb\n\nLoss- busan- 4te3ch\n\nLoss- illios- ry7fz8\n\nLeaver- watchpoint- 520ny4\n\nLoss- blizzard world- AM66WZ\n\nLoss- junkertown- DTAXW3\n\nClose loss- kings row- 4n9272\n\nWin- watchpoint Gibraltar (I think I did decent for once here) BTCR3B\n\nI used to think I was getting better every day, but now I feel as though every single day I am getting worse. Haven’t heard of a masters player ending up in bronze but if I keep going 3 and 15, I’ll be there in no time\n\nEdit: forgot to mention, my battletag is Hogchamp', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/', '14q5ock', [['u/mochaz', 10, '2023-07-04 09:28', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqlv43c/', "Hey! I took a look at a few of the vods. Are you a dps main? The first vod i picked was the blizzard world one, but that was you on Ana. That game looked about the rank you said you were, high gold/low plat. \n\n If you want to climb, I'd suggest picking a role first, and preferably pick 1-2 heroes you like playing and only play those. \n\nReply to this if you want coaching on the Ana vod, I one trick ana and I'm high master low gm on support.", '14q5ock'], ['u/mochaz', 10, '2023-07-04 10:01', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqlxklg/', 'that\'s fine. I took a look at your gibraltar game as cass, and you tend to waste your util a lot. As in using it for no apparent reason. This was also something I noticed on your ana game. \n\nBefore using util, especially ones that can help secure a kill, you have to ask "Can I, or my team, follow up on it". If yes, throw it. If no, then don\'t. \n\nCass\'s new nade is pretty annoying as it prevents normally slippery heroes from escaping (think tracer, sombra, kiriko, lucio, moira). If you shoot, nade, then shoot, they\'re all pretty much dead. Meanwhile you were trying to hinder the dva, which is not ideal for two reasons. One, she has matrix, so she can eat the nade, and she does this many times in the match. Second, even if you hinder her, she has such a large hp pool so it\'ll be very difficult to convert your util into a kill. \n\nThis is the same reason why you shouldn\'t focus anti the tanks as Ana, unless your team can punish them. It\'s always much better to nade squishies. \n\nAnother thing I noticed was you seemed to get sucked onto low ground a lot. High ground is a VERY powerful position, and in maps such as gibraltar, you never want to give it up for free. During downtime between fights, see if you can reposition to highground to start the fight in a more advantageous position. There are nuances where you need to peel for your backline, and your ana is playing lowground for whatever reason. But normally it\'s better take high ground to pressure the enemy team to take bad positioning.\n\nAlso don\'t ego peek the widow. Your head will get blown off. You can pressure her from an offangle, but taking an aim duel with her down main is a death sentence. \n\nYour aim on cass honestly was decent though. Much better than your ana aim at least lmao. So aim isn\'t too much of an issue, but doing aim trainers in workshop mode can do no harm. (VAXTA is a popular one)\n\nnot the best cass player myself, but these are some simple mistakes I saw in the game. If a better dps player comes around, feel free to correct me :)\n\n\n\ntl;dr: 2 things you can work on. 1) Using util with intent (making sure you or your team can follow up and convert it into a kill). 2) Take high ground as much as you can. Don\'t let the enemy team take it back from you for free.', '14q5ock'], ['u/Ichmag11', 14, '2023-07-04 16:33', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqmxqeu/', 'Issue is, if you can\'t rank up from bronze 5 to 4, you are not playing well or are "pretty good" and you will need to improve further. No offense, but you need to know this if you want to rank up. Blizzard can\'t fix your skill. \n\nI\'d ask for a VOD review if you don\'t know what you\'re doing wrong', '14q5ock'], ['u/longgamma', 10, '2023-07-04 16:39', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqmyhoh/', 'It’s very common to go on loss or win streaks in OW2. I have gone on 10+ wins and losses at times. Just accept it and stop playing when tilted. I never get pissed off at loss streaks and get elated with win streaks. It’s all made up nonsense from a bullshit matchmaker. Just play your heroes.', '14q5ock']]], ['u/killerkambri', 'I CRACKED THE CODE BTCHES!! Amelia/Zeph Theory', 191, '2023-07-04 07:49', 'https://www.reddit.com/r/loveislandthegametwo/comments/14q6bdl/i_cracked_the_code_btches_ameliazeph_theory/', 'I am like 99.9% sure Amelia lied to MC about the story behind Zeph kissing/being in love with her. I’ve spent wayyyy too much time thinking about it & I’ve realized it literally just doesn’t make sense or add up in any way. \n\nAmelia’s story: Zeph came to MC’s job looking for MC after she’d already left. Instead of calling MC or going to her house, Zeph randomly decided to take Amelia to dinner instead (why??). At dinner, he confesses his feelings to Amelia and kisses her. After the kiss, they don’t discuss anything & Zeph leaves for his tour, leaving behind both MC and Amelia (the person he JUST confessed his love to?? Makes no sense).\n\nEvidence against Amelia: \n1. We know she had a crush on Zeph thanks to her dodgy answer to Ivy’s “have you and your twin ever liked the same person” question during truth or dare. \n\n2. We know Amelia has either tried to or succeeded in kissing MC’s romantic interests at least 4 times (the cheek kiss with OG LI, the secret kiss with Roberto or OG LI, the kiss that almost happened with OG LI in MCs bed, and the kiss with Zeph).\n\n3. We know Amelia & MC have a history of pretending to be each other.\n\n4. We know Zeph told Ozzy he left a girl (MC) behind & regrets never giving her closure. \n\nMy Theory: Amelia always had a crush on Zeph, so when he showed up looking for MC, she pretended to be MC & went out to dinner with him (this explains why Zeph didn’t try calling MC when he couldn’t find her). I think Zeph was going to ask MC to be his official girlfriend and go on tour with him (which is why he was looking for MC in the first place). Zeph confessed his love to Amelia thinking she was MC, and didn’t realize until after he kissed her that she wasn’t. Once he realized he kissed the wrong twin, he was so embarrassed and ashamed that he left for his tour without explaining any of it to MC. Amelia never heard from him again because he never loved her in the first place. He then confides in Ozzy that he regrets how he left things & wishes he could make things right, which is why he goes on Love Island to win MC back.\n\nBOOM. I cracked the code. Amelia is a dirty little snake & Zeph will confirm what actually happened when he gets to the villa. Either my theory is correct or the FB writers left a TON of inconsistencies & plot holes in the Zeph storyline, because this is the only possible way it makes any sense. What do y’all think?? Am I way off or is it clicking for y’all the way it clicked for me?', 'https://www.reddit.com/r/loveislandthegametwo/comments/14q6bdl/i_cracked_the_code_btches_ameliazeph_theory/', '14q6bdl', [['u/ElectronicPlatform92', 67, '2023-07-04 08:10', 'https://www.reddit.com/r/loveislandthegametwo/comments/14q6bdl/i_cracked_the_code_btches_ameliazeph_theory/jqloxng/', 'you ate this makes sm sense', '14q6bdl'], ['u/Professiona... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed. Bitcoin fell back under US$31,000, but its dominance in total crypto market cap is gaining, a sign of market recovery. Solana added to its gains this week, while Polygon’s Matic and the BNB tokens led the daily losers list. Bitcoin Cash has taken the number 12 spot in the list of top tokens by market cap after its listing on the new EDX Markets exchange.\nBitcoin fell 1.0% over the last 24 hours to US$30,801 at 07:20 a.m. in Hong Kong, shaving its weekly gain down to 0.39%, according todatafrom CoinMarketCap. On Tuesday, the price of the world’s largest cryptocurrency reached US$31,371, its highest since June 2022, on the back of optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock.\nThe level of Bitcoin dominance sits near 50%, which is thehighest sinceApril 2021. Alex Kuptsikevich, senior market analyst at FxPro, says this price uptrend in Bitcoin is a typical market recovery pattern in which the most significant asset in the sector attracts buyers first.\n“It will probably take about a year of Bitcoin price recovery before crypto enthusiasts start looking for one with higher risk, pushing altcoins higher and leading to a new wave of capitalisation swell,” said Kuptsikevich, in an email statement. He said he doesn’t see altcoins rallying before November.\nBitcoin’s recent price recovery was sparked by Blackrock, the world’s biggest asset manager, filing anapplicationlast month to launch a Bitcoin ETF and refiling it again after the U.S. Securities and Exchange Commission (SEC) indicated it lacked details.\nSeveral other U.S.-based asset managers, such as Fidelity Investments and WisdomTree, have filed their own Bitcoin ETFs, suggesting mainstream finance recognizes the Bitcoin opportunity and wants to offer clients the access to its price movements without actually owning the token.\nEther, the second-largest cryptocurrency by market cap, looked to be on a run to break US$2,000 this week, but fell back 0.81% to US$1,941 today after a gain of 2.64% for the past seven days.\nThe other top 10 cryptocurrencies by market capitalization traded mixed to flat, with Solana leading gainers with a 2.0% rise to US$19.45. The token has surged 15.35% in the past week.\nPolygon’s Matic and Binance’s BNB token were amongst the losers — Matic lost 1.99% to US$0.6981, though it’s still up 4.29% for the week. BNB lost 1.68% to US$242.83, cutting its\xa0weekly gain to 1.81%.\nAltcoins have suffered from the SEC’s crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June.\nWhile these altcoins have partially recovered after an initial plunge following the SEC suits, several trading platforms including California-based Robinhood Markets Inc., Israel-based eToro and UK’s Revolut ceased support or limited access to some of these tokens for their U.S.-based customers.\nBitcoin Cashclimbed to become the twelfth largest non-stablecoin cryptocurrency by market capitalization on CoinMarketCap at US$53.8 billion. The Bitcoin spin-off is one of the four cryptocurrencies listed onEDX Markets, the Wall Street-backed, compliance-focused crypto exchange that launched on June 20 in the U.S.\nBitcoin Cash had a market capitalization of US$20.6 billion and was valued at US$106.34 on June 19. It has since surged 160% to US$276.87. It dipped 1.70% in the last 24 hours.\nThe total cryptocurrency market cap fell 0.80% to US$1.21 trillion in the last 24 hours, while crypto trading volume fell 22.22% to US$31.14 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 1.28% in the 24 hours to 07:45 a.m. in Hong Kong to 2,783.58, but logged a loss of 3.17% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets rose.\nHowever, despite moderate gains in the indexes on Wednesday morning, the NFT market overall remains in a downtrend, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but it’s Ethereum that’s really dragging the market down with it,” said Petscher, pointing to the recent problems with the Azuki NFT collection.\n“Azuki’s struggles exasperated the already struggling market … Azuki’s new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.”\nAzuki NFT creator Chiru Labs debuted its latest Elementals collection last Tuesday, to much negative response from the community, who deemed it almost identical to the original Azuki collection.\nWhile the team behind Azuki posted an publicapologyto buyers on Twitter, dissatisfied Azuki holders formed the Azuki DAO last week and passed a vote on Monday to launch a lawsuit against Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO.\nLegalDAO, the decentralized autonomous organization formed in 2020 by a group of legal professionals,saidTuesday that it will help Azuki DAO in the effort to claim the 20,000 ETH.\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3 million, but the volume was down 18.97% on the day. Mutant Ape Yacht Club, another Yuga Labs’ Ethereum-based collection, saw its volume grow 11.94% to US$2.39 million to place second in the rankings.\nTotal NFT trading volume dropped 9.24% to US$31.5 million. Volume on Ethereum fell 9.17% to US$22.7 million according to Cryptoslamdata. Volume on the Bitcoin network gained 3.73% to US$3.19 million, while volumes on Polygon, Solana and BNB all plunged.\nU.S. stock futures dipped as of 10:45 a.m. in Hong Kong ahead of the restart of trading in the U.S. following the July 4 public holiday.\nFutures on all three indexes – Dow Jones Industrial Average, S&P 500 futures and Nasdaq –declinedbut by less than 1%.\nAsian equities opened lower Wednesday morning. The Shanghai Composite fell 0.5%, Hong Kong’s Hang Seng dipped 1.3%, Japan’s Nikkei 225 index edged down 0.3%. South Korea’s Kospi also lost 0.08%.\nThe Caixin China General Composite purchasing managers’ index (PMI) — a measure of the performance of both the manufacturing and services sectors in China —droppedto 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for China’s private sector. However, the growth rate was the slowest since January.\nEmployment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according toTrading Economics.\nIn the U.S., New York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed will also release its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 87.4% chance for a 25-basis-point rate increase, down from 89.9% on Tuesday. The likelihood the Fed won’t increase is now at just 12.6%.\n(Updates to add equities section)', 'Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed. Bitcoin fell back under US$31,000, but its dominance in total crypto market cap is gaining, a sign of market recovery. Solana added to its gains this week, while Polygon’s Matic and the BNB tokens led the daily losers list. Bitcoin Cash has taken the number 12 spot in the list of top tokens by market cap after its listing on the new EDX Markets exchange.\nBitcoin fell 1.0% over the last 24 hours to US$30,801 at 07:20 a.m. in Hong Kong, shaving its weekly gain down to 0.39%, according todatafrom CoinMarketCap. On Tuesday, the price of the world’s largest cryptocurrency reached US$31,371, its highest since June 2022, on the back of optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock.\nThe level of Bitcoin dominance sits near 50%, which is thehighest sinceApril 2021. Alex Kuptsikevich, senior market analyst at FxPro, says this price uptrend in Bitcoin is a typical market recovery pattern in which the most significant asset in the sector attracts buyers first.\n“It will probably take about a year of Bitcoin price recovery before crypto enthusiasts start looking for one with higher risk, pushing altcoins higher and leading to a new wave of capitalisation swell,” said Kuptsikevich, in an email statement. He said he doesn’t see altcoins rallying before November.\nBitcoin’s recent price recovery was sparked by Blackrock, the world’s biggest asset manager, filing anapplicationlast month to launch a Bitcoin ETF and refiling it again after the U.S. Securities and Exchange Commission (SEC) indicated it lacked details.\nSeveral other U.S.-based asset managers, such as Fidelity Investments and WisdomTree, have filed their own Bitcoin ETFs, suggesting mainstream finance recognizes the Bitcoin opportunity and wants to offer clients the access to its price movements without actually owning the token.\nEther, the second-largest cryptocurrency by market cap, looked to be on a run to break US$2,000 this week, but fell back 0.81% to US$1,941 today after a gain of 2.64% for the past seven days.\nThe other top 10 cryptocurrencies by market capitalization traded mixed to flat, with Solana leading gainers with a 2.0% rise to US$19.45. The token has surged 15.35% in the past week.\nPolygon’s Matic and Binance’s BNB token were amongst the losers — Matic lost 1.99% to US$0.6981, though it’s still up 4.29% for the week. BNB lost 1.68% to US$242.83, cutting its\xa0weekly gain to 1.81%.\nAltcoins have suffered from the SEC’s crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June.\nWhile these altcoins have partially recovered after an initial plunge following the SEC suits, several trading platforms including California-based Robinhood Markets Inc., Israel-based eToro and UK’s Revolut ceased support or limited access to some of these tokens for their U.S.-based customers.\nBitcoin Cashclimbed to become the twelfth largest non-stablecoin cryptocurrency by market capitalization on CoinMarketCap at US$53.8 billion. The Bitcoin spin-off is one of the four cryptocurrencies listed onEDX Markets, the Wall Street-backed, compliance-focused crypto exchange that launched on June 20 in the U.S.\nBitcoin Cash had a market capitalization of US$20.6 billion and was valued at US$106.34 on June 19. It has since surged 160% to US$276.87. It dipped 1.70% in the last 24 hours.\nThe total cryptocurrency market cap fell 0.80% to US$1.21 trillion in the last 24 hours, while crypto trading volume fell 22.22% to US$31.14 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 1.28% in the 24 hours to 07:45 a.m. in Hong Kong to 2,783.58, but logged a loss of 3.17% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets rose.\nHowever, despite moderate gains in the indexes on Wednesday morning, the NFT market overall remains in a downtrend, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but it’s Ethereum that’s really dragging the market down with it,” said Petscher, pointing to the recent problems with the Azuki NFT collection.\n“Azuki’s struggles exasperated the already struggling market … Azuki’s new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.”\nAzuki NFT creator Chiru Labs debuted its latest Elementals collection last Tuesday, to much negative response from the community, who deemed it almost identical to the original Azuki collection.\nWhile the team behind Azuki posted an publicapologyto buyers on Twitter, dissatisfied Azuki holders formed the Azuki DAO last week and passed a vote on Monday to launch a lawsuit against Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO.\nLegalDAO, the decentralized autonomous organization formed in 2020 by a group of legal professionals,saidTuesday that it will help Azuki DAO in the effort to claim the 20,000 ETH.\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3 million, but the volume was down 18.97% on the day. Mutant Ape Yacht Club, another Yuga Labs’ Ethereum-based collection, saw its volume grow 11.94% to US$2.39 million to place second in the rankings.\nTotal NFT trading volume dropped 9.24% to US$31.5 million. Volume on Ethereum fell 9.17% to US$22.7 million according to Cryptoslamdata. Volume on the Bitcoin network gained 3.73% to US$3.19 million, while volumes on Polygon, Solana and BNB all plunged.\nU.S. stock futures dipped as of 10:45 a.m. in Hong Kong ahead of the restart of trading in the U.S. following the July 4 public holiday.\nFutures on all three indexes – Dow Jones Industrial Average, S&P 500 futures and Nasdaq –declinedbut by less than 1%.\nAsian equities opened lower Wednesday morning. The Shanghai Composite fell 0.5%, Hong Kong’s Hang Seng dipped 1.3%, Japan’s Nikkei 225 index edged down 0.3%. South Korea’s Kospi also lost 0.08%.\nThe Caixin China General Composite purchasing managers’ index (PMI) — a measure of the performance of both the manufacturing and services sectors in China —droppedto 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for China’s private sector. However, the growth rate was the slowest since January.\nEmployment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according toTrading Economics.\nIn the U.S., New York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed will also release its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 87.4% chance for a 25-basis-point rate increase, down from 89.9% on Tuesday. The likelihood the Fed won’t increase is now at just 12.6%.\n(Updates to add equities section)', 'Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed. Bitcoin fell back under US$31,000, but its dominance in total crypto market cap is gaining, a sign of market recovery. Solana added to its gains this week, while Polygon\x92s Matic and the BNB tokens led the daily losers list. Bitcoin Cash has taken the number 12 spot in the list of top tokens by market cap after its listing on the new EDX Markets exchange. Crypto price pause Bitcoin fell 1.0% over the last 24 hours to US$30,801 at 07:20 a.m. in Hong Kong, shaving its weekly gain down to 0.39%, according to data from CoinMarketCap. On Tuesday, the price of the world\x92s largest cryptocurrency reached US$31,371, its highest since June 2022, on the back of optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock. The level of Bitcoin dominance sits near 50%, which is the highest since April 2021. Alex Kuptsikevich, senior market analyst at FxPro, says this price uptrend in Bitcoin is a typical market recovery pattern in which the most significant asset in the sector attracts buyers first. \x93It will probably take about a year of Bitcoin price recovery before crypto enthusiasts start looking for one with higher risk, pushing altcoins higher and leading to a new wave of capitalisation swell,\x94 said Kuptsikevich, in an email statement. He said he doesn\x92t see altcoins rallying before November. Bitcoin\x92s recent price recovery was sparked by Blackrock, the world\x92s biggest asset manager, filing an application last month to launch a Bitcoin ETF and refiling it again after the U.S. Securities and Exchange Commission (SEC) indicated it lacked details. Several other U.S.-based asset managers, such as Fidelity Investments and WisdomTree, have filed their own Bitcoin ETFs, suggesting mainstream finance recognizes the Bitcoin opportunity and wants to offer clients the access to its price movements without actually owning the token. Story continues Ether, the second-largest cryptocurrency by market cap, looked to be on a run to break US$2,000 this week, but fell back 0.81% to US$1,941 today after a gain of 2.64% for the past seven days. The other top 10 cryptocurrencies by market capitalization traded mixed to flat, with Solana leading gainers with a 2.0% rise to US$19.45. The token has surged 15.35% in the past week. Polygon\x92s Matic and Binance\x92s BNB token were amongst the losers \x97 Matic lost 1.99% to US$0.6981, though it\x92s still up 4.29% for the week. BNB lost 1.68% to US$242.83, cutting its\xa0weekly gain to 1.81%. Altcoins have suffered from the SEC\x92s crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June. While these altcoins have partially recovered after an initial plunge following the SEC suits, several trading platforms including California-based Robinhood Markets Inc., Israel-based eToro and UK\x92s Revolut ceased support or limited access to some of these tokens for their U.S.-based customers. Bitcoin Cash climbed to become the twelfth largest non-stablecoin cryptocurrency by market capitalization on CoinMarketCap at US$53.8 billion. The Bitcoin spin-off is one of the four cryptocurrencies listed on EDX Markets , the Wall Street-backed, compliance-focused crypto exchange that launched on June 20 in the U.S. Bitcoin Cash had a market capitalization of US$20.6 billion and was valued at US$106.34 on June 19. It has since surged 160% to US$276.87. It dipped 1.70% in the last 24 hours. The total cryptocurrency market cap fell 0.80% to US$1.21 trillion in the last 24 hours, while crypto trading volume fell 22.22% to US$31.14 billion, according to CoinMarketCap data. Azuki dents NFT sentiment The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index rose 1.28% in the 24 hours to 07:45 a.m. in Hong Kong to 2,783.58, but logged a loss of 3.17% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets rose. However, despite moderate gains in the indexes on Wednesday morning, the NFT market overall remains in a downtrend, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but it\x92s Ethereum that\x92s really dragging the market down with it,\x94 said Petscher, pointing to the recent problems with the Azuki NFT collection. \x93Azuki\x92s struggles exasperated the already struggling market \x85 Azuki\x92s new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.\x94 Azuki NFT creator Chiru Labs debuted its latest Elementals collection last Tuesday, to much negative response from the community, who deemed it almost identical to the original Azuki collection. While the team behind Azuki posted an public apology to buyers on Twitter, dissatisfied Azuki holders formed the Azuki DAO last week and passed a vote on Monday to launch a lawsuit against Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO. LegalDAO, the decentralized autonomous organization formed in 2020 by a group of legal professionals, said Tuesday that it will help Azuki DAO in the effort to claim the 20,000 ETH. By NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3 million, but the volume was down 18.97% on the day. Mutant Ape Yacht Club, another Yuga Labs\x92 Ethereum-based collection, saw its volume grow 11.94% to US$2.39 million to place second in the rankings. Total NFT trading volume dropped 9.24% to US$31.5 million. Volume on Ethereum fell 9.17% to US$22.7 million according to Cryptoslam data . Volume on the Bitcoin network gained 3.73% to US$3.19 million, while volumes on Polygon, Solana and BNB all plunged. U.S. equity futures drop during holiday Image: Envato Elements U.S. stock futures dipped as of 10:45 a.m. in Hong Kong ahead of the restart of trading in the U.S. following the July 4 public holiday. Futures on all three indexes \x96 Dow Jones Industrial Average, S&P 500 futures and Nasdaq \x96 declined but by less than 1%. Asian equities opened lower Wednesday morning. The Shanghai Composite fell 0.5%, Hong Kong\x92s Hang Seng dipped 1.3%, Japan\x92s Nikkei 225 index edged down 0.3%. South Korea\x92s Kospi also lost 0.08%. The Caixin China General Composite purchasing managers\x92 index (PMI) \x97 a measure of the performance of both the manufacturing and services sectors in China \x97 dropped to 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for China\x92s private sector. However, the growth rate was the slowest since January. Employment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according to Trading Economics . In the U.S., New York Federal Reserve President John Williams\x92 speaks on Wednesday and may provide an update on the Fed\x92s view of inflation. The Fed will also release its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 87.4% chance for a 25-basis-point rate increase, down from 89.9% on Tuesday. The likelihood the Fed won\x92t increase is now at just 12.6%. (Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:With a continued long weekend in the U.S., and plenty of economic data coming in this week, markets are quiet.\nInsights:Animoca\'s Yat Siu is hurting GameFi\'s cause by dismissing its Ponzi problems.\nCoinDesk Market Index (CMI)\n1,262\n−11.1▼0.9%\nBitcoin (BTC)\n$30,807\n−355.6▼1.1%\nEthereum (ETH)\n$1,939\n−15.5▼0.8%\nS&P 500\n4,455.59\n+5.2▲0.1%\nGold\n$1,934\n+12.5▲0.7%\nNikkei 225\n33,422.52\n−330.8▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,262", "\\u221211.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,807", "\\u2212355.6\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,939", "\\u221215.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,934", "+12.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,422.52", "\\u2212330.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet Long Weekend Keeps Bitcoin Above $30K\nAs the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day.\nBitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. TheCoinDesk Market Index (CMI), a measure of crypto markets performance, is down 0.9% to 1,262.\nData from CoinGlassshows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.\nCoinGlass’ long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.\nAs CoinDesk has previously reported, liquiditycontinues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let’s see how traders react.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.6%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}]\nAnimoca Co-Founder Siu Shouldn’t Dismiss GameFi’s Ponzi Problem\nThe GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes.\nDuring an interview at the Collision web conference in Toronto, Yat Siu, the co-founder and executive chairman of Animoca Brands, blew up this effort.\n“The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.”\nPonzi schemes are investment scams promising high rates of return where old investors are paid by new ones, rather than legitimate sustainable business activities. To its critics, GameFi’s Play to Earn model is a ponzi scheme because of its reliance on a wealth transfer from new to old players rather than legitimately engaging gameplay.\nSiu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency.\nSiu isn’t wrong about this part. Games have had economies of scale for quite some time; U.S. political gadfly Steve Bannonmade a lot of money in the early 2000soperating a World of Warcraft virtual gold trading desk in Hong Kong.\nBut he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back.\nIn a2022 essayoutlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.”\n“We believe Ponzis will slow down web3 gaming adoption,” they wrote. “[Many projects] use complex tokenomics to camouflage their Ponzinomics nature will take web3 gaming a few years back in terms of real gamer adoption.”\nVader points to GameFi projects offering of “unrealistic returns,” which they believe not only jeopardizes long-term crypto adoption but also hinders the growth of genuine Web3 gaming.\nAnd a year later, there is some vindication to this idea, as we see what happens when the inflow of resources no longer exceeds the outflow.\nAxie Infinity, which was marketed more as awealth creation schemerather than a genuinely fun game, saw itsAXS token declineby 55% during the last year. The number of players on the platformaveraged around 362,000during the last month from a high of around 2.7 million in January 2022. For many players it hasn’t been profitable for a long time, and its army of Filipino gamersmake less than minimum wage.\nData from CryptoRank.ioshows that Animoca Brands’ basket of tokens is down 18% over the last 6 months, or, over a longer time horizon, down 17% over three years. In comparison, many other investors are well into the green for either of these time frames considering the mini-bull market of 2023 and the broader growth of crypto over long time horizons.\nA16z, for instance, is up 20% over the last six months, or 375% in the last three years.\nPerhaps the industry would be better off if it listened to Sith Lord-branded research houses and not those that defend Ponzinomics by saying it’s all misunderstood.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin (China) Services PMI (June)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nTwitter\'s New Daily Reading Limits; Atrium CEO on Future of Web3 Entertainment\n"The Hash" discussed today\'s top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joined the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint.\nUK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime:The bill, introduced in September, now enters its final stages in Parliament.\nBitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs:Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.\nPepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play:Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.\nCrypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower:It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.', 'Good morning. Here’s what’s happening: Prices: With a continued long weekend in the U.S., and plenty of economic data coming in this week, markets are quiet. Insights: Animoca\'s Yat Siu is hurting GameFi\'s cause by dismissing its Ponzi problems. Prices CoinDesk Market Index (CMI) 1,262 −11.1 ▼ 0.9% Bitcoin (BTC) $30,807 −355.6 ▼ 1.1% Ethereum (ETH) $1,939 −15.5 ▼ 0.8% S&P 500 4,455.59 +5.2 ▲ 0.1% Gold $1,934 +12.5 ▲ 0.7% Nikkei 225 33,422.52 −330.8 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,262 −11.1 ▼ 0.9% Bitcoin (BTC) $30,807 −355.6 ▼ 1.1% Ethereum (ETH) $1,939 −15.5 ▼ 0.8% S&P 500 4,455.59 +5.2 ▲ 0.1% Gold $1,934 +12.5 ▲ 0.7% Nikkei 225 33,422.52 −330.8 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Quiet Long Weekend Keeps Bitcoin Above $30K As the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day. Bitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. The CoinDesk Market Index (CMI) , a measure of crypto markets performance, is down 0.9% to 1,262. Data from CoinGlass shows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours. CoinGlass’ long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd. As CoinDesk has previously reported, liquidity continues to be a going concern , with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let’s see how traders react. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +0.6% Currency Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −2.6% Entertainment Terra LUNA −2.4% Smart Contract Platform Cosmos ATOM −2.4% Smart Contract Platform Insights Animoca Co-Founder Siu Shouldn’t Dismiss GameFi’s Ponzi Problem The GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes. During an interview at the Collision web conference in Toronto, Yat Siu, the co-founder and executive chairman of Animoca Brands, blew up this effort. “The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.” Ponzi schemes are investment scams promising high rates of return where old investors are paid by new ones, rather than legitimate sustainable business activities. To its critics, GameFi’s Play to Earn model is a ponzi scheme because of its reliance on a wealth transfer from new to old players rather than legitimately engaging gameplay. Siu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency. Siu isn’t wrong about this part. Games have had economies of scale for quite some time; U.S. political gadfly Steve Bannon made a lot of money in the early 2000s operating a World of Warcraft virtual gold trading desk in Hong Kong. But he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back. In a 2022 essay outlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.” “We believe Ponzis will slow down web3 gaming adoption,” they wrote. “[Many projects] use complex tokenomics to camouflage their Ponzinomics nature will take web3 gaming a few years back in terms of real gamer adoption.” Vader points to GameFi projects offering of “unrealistic returns,” which they believe not only jeopardizes long-term crypto adoption but also hinders the growth of genuine Web3 gaming. And a year later, there is some vindication to this idea, as we see what happens when the inflow of resources no longer exceeds the outflow. Axie Infinity, which was marketed more as a wealth creation scheme rather than a genuinely fun game, saw its AXS token decline by 55% during the last year. The number of players on the platform averaged around 362,000 during the last month from a high of around 2.7 million in January 2022. For many players it hasn’t been profitable for a long time, and its army of Filipino gamers make less than minimum wage. (CryptoRank) Data from CryptoRank.io shows that Animoca Brands’ basket of tokens is down 18% over the last 6 months, or, over a longer time horizon, down 17% over three years. In comparison, many other investors are well into the green for either of these time frames considering the mini-bull market of 2023 and the broader growth of crypto over long time horizons. A16z, for instance, is up 20% over the last six months, or 375% in the last three years. Perhaps the industry would be better off if it listened to Sith Lord-branded research houses and not those that defend Ponzinomics by saying it’s all misunderstood. Important events. 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Services PMI (June) 9:45 a.m. HKT/SGT(1:45 a.m. UTC): Caixin (China) Services PMI (June) CoinDesk TV In case you missed it, here is the most recent episode of "The Hash" on CoinDesk TV : Twitter\'s New Daily Reading Limits; Atrium CEO on Future of Web3 Entertainment "The Hash" discussed today\'s top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joined the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint. Headlines UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime: The bill, introduced in September, now enters its final stages in Parliament. Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs: Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said. Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play: Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks. Crypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower: It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.', 'Good morning. Here’s what’s happening:\nPrices:With a continued long weekend in the U.S., and plenty of economic data coming in this week, markets are quiet.\nInsights:Animoca\'s Yat Siu is hurting GameFi\'s cause by dismissing its Ponzi problems.\nCoinDesk Market Index (CMI)\n1,262\n−11.1▼0.9%\nBitcoin (BTC)\n$30,807\n−355.6▼1.1%\nEthereum (ETH)\n$1,939\n−15.5▼0.8%\nS&P 500\n4,455.59\n+5.2▲0.1%\nGold\n$1,934\n+12.5▲0.7%\nNikkei 225\n33,422.52\n−330.8▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,262", "\\u221211.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,807", "\\u2212355.6\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,939", "\\u221215.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,934", "+12.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,422.52", "\\u2212330.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet Long Weekend Keeps Bitcoin Above $30K\nAs the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day.\nBitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. TheCoinDesk Market Index (CMI), a measure of crypto markets performance, is down 0.9% to 1,262.\nData from CoinGlassshows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.\nCoinGlass’ long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.\nAs CoinDesk has previously reported, liquiditycontinues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let’s see how traders react.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.6%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}]\nAnimoca Co-Founder Siu Shouldn’t Dismiss GameFi’s Ponzi Problem\nThe GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes.\nDuring an interview at the Collision web conference in Toronto, Yat Siu, the co-founder and executive chairman of Animoca Brands, blew up this effort.\n“The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.”\nPonzi schemes are investment scams promising high rates of return where old investors are paid by new ones, rather than legitimate sustainable business activities. To its critics, GameFi’s Play to Earn model is a ponzi scheme because of its reliance on a wealth transfer from new to old players rather than legitimately engaging gameplay.\nSiu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency.\nSiu isn’t wrong about this part. Games have had economies of scale for quite some time; U.S. political gadfly Steve Bannonmade a lot of money in the early 2000soperating a World of Warcraft virtual gold trading desk in Hong Kong.\nBut he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back.\nIn a2022 essayoutlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.”\n“We believe Ponzis will slow down web3 gaming adoption,” they wrote. “[Many projects] use complex tokenomics to camouflage their Ponzinomics nature will take web3 gaming a few years back in terms of real gamer adoption.”\nVader points to GameFi projects offering of “unrealistic returns,” which they believe not only jeopardizes long-term crypto adoption but also hinders the growth of genuine Web3 gaming.\nAnd a year later, there is some vindication to this idea, as we see what happens when the inflow of resources no longer exceeds the outflow.\nAxie Infinity, which was marketed more as awealth creation schemerather than a genuinely fun game, saw itsAXS token declineby 55% during the last year. The number of players on the platformaveraged around 362,000during the last month from a high of around 2.7 million in January 2022. For many players it hasn’t been profitable for a long time, and its army of Filipino gamersmake less than minimum wage.\nData from CryptoRank.ioshows that Animoca Brands’ basket of tokens is down 18% over the last 6 months, or, over a longer time horizon, down 17% over three years. In comparison, many other investors are well into the green for either of these time frames considering the mini-bull market of 2023 and the broader growth of crypto over long time horizons.\nA16z, for instance, is up 20% over the last six months, or 375% in the last three years.\nPerhaps the industry would be better off if it listened to Sith Lord-branded research houses and not those that defend Ponzinomics by saying it’s all misunderstood.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin (China) Services PMI (June)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nTwitter\'s New Daily Reading Limits; Atrium CEO on Future of Web3 Entertainment\n"The Hash" discussed today\'s top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joined the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint.\nUK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime:The bill, introduced in September, now enters its final stages in Parliament.\nBitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs:Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.\nPepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play:Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.\nCrypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower:It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.', 'In May 2023, President Biden posted a tweet taking aim at tax policies that benefit ‘ wealthy crypto investors ’. While many in the crypto ecosystem criticized President Biden’s statement for being misleading, the tweet is indicative of a wider phenomenon: the federal government cracking down on crypto tax evasion. Cryptocurrency is no longer a niche ecosystem under the radar of legislators and tax authorities. Crypto is more mainstream than ever — which means the IRS is paying closer attention to crypto transactions. In this article, we’ll explore the different ways in which crypto tax fraud is increasingly becoming a focus for regulators — and how investors can stay proactive when it comes to reporting taxes and avoiding future trouble with the IRS. The end of ‘gray area’ tax policies Cryptocurrency transactions often reside in a ‘gray area’ of the tax code. Because the IRS has not released complete guidance on NFT and DeFi transactions, many investors have for years taken aggressive approaches to tax reporting to minimize their tax liability. Recently, the IRS has taken steps towards providing more clear guidelines for these transactions. In March 2023, the IRS issued guidance for NFTs for the first time — detailing the circumstances when NFTs are considered collectibles and taxed accordingly. It’s likely that more cryptocurrency guidance is due in the months ahead. According to Julie Foerster , the IRS’s digital assets director, the agency is set to implement a new operating plan for dealing with cryptocurrencies in the next 12 months. In addition, the federal government is looking to close ‘loopholes’ that have been available for cryptocurrency investors through legislation. The Biden Administration’s latest budget package would expand the wash sale rule to cryptocurrencies — restricting crypto investors’ ability to claim capital losses. How the IRS is cracking down on pseudo-anonymous transactions In addition to publishing more guidance for cryptocurrency, the IRS has been cracking down on crypto tax fraud taking place on exchanges and on the blockchain. Story continues As early as 2016, the IRS issued Coinbase a John Doe Summons — requiring the exchange to turn over customer records to the federal government. Tax regulations on centralized exchanges are only set to tighten in the years to come. The 2021 Build Back Better Act requires cryptocurrency exchanges to issue mandatory 1099 forms reporting capital gains and losses to both customers and the IRS. Of course, the IRS is not limiting its focus to centralized exchanges. In recent years, the tax agency has paid closer attention to on-chain tax fraud. Currently, the IRS works with contractors like Chainalysis to analyze the blockchain and match ‘anonymous’ wallets to known investors. It’s been estimated that these partnerships have helped the IRS seize more than $10 billion in Bitcoin. In addition, the federal government is taking active steps to deter investors from using privacy coins that could potentially be used for tax evasion. In 2022, the Treasury Department sanctioned the privacy-focused Tornado Coin — making it illegal for Americans to use. An increase in funding for the IRS It’s likely that the IRS will only be focusing more attention on the cryptocurrency industry in the years to come. While the IRS has been called an ‘underfunded’ institution in years past, this is changing as the agency has recently picked up meaningful funding from the Biden Administration. The Inflation Reduction Act of 2022 gave $80 billion in new funding to the organization over the next ten years. While it’s unknown how much of this funding will go towards fighting crypto tax fraud specifically, IRS commissioners have singled out cryptocurrency as a major contributor to America’s annual tax gap. Because of this, it’s reasonable to assume that increased funding for the IRS will lead to increased scrutiny on cryptocurrency investors. What steps should I take to accurately report my taxes? With the increased attention on the cryptocurrency ecosystem, investors should be proactive in reporting their capital gains and income. Here are a few steps you can take to make sure that you’re staying compliant with tax law. Keep track of your transactions: To accurately report your capital gains and losses, it’s important to keep a detailed record of all of your cryptocurrency transactions. This includes a complete history of all your trades and transfers across all of your wallets and exchanges — including the date the transaction took place and the fair market value of your crypto at receipt and disposal. Find the right resources: To simplify the process of reporting your cryptocurrency taxes , it’s important to find the right tools. Crypto tax software can automatically sync to your wallets and exchanges — helping you keep track of your gains, losses, and income! If you feel uncomfortable reporting your taxes yourself, you can reach out to a tax professional with expertise in cryptocurrency. Submit an am Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $599,462,347,750 - Hash Rate: 390233669.4978951 - Transaction Count: 493478.0 - Unique Addresses: 716586.0 Social & AI Sentiment: - Fear & Greed Index: 0.61 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Huw Jones LONDON (Reuters) -Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, which wants to become a global hub for crypto and its underlying blockchain technology, is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards. Bitcoin and ether account for two-thirds of all cryptoassets and are not backed by any currency or asset, leading to volatility in prices and the potential for all money invested in them to be wiped out, the report from parliament's treasury committee said. Regulating retail trading and investment in unbacked cryptocurrencies could create a 'halo' effect that leads consumers to think the activity is safer than it is, or protected when it is not, it said. "We therefore strongly recommend that the Government regulates retail trading and investment activity in unbacked cryptoassets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’," the report said. Industry body CryptoUK said it strongly disagreed with equating the crypto sector with gambling. "We are both concerned and disappointed by these claims which are unhelpful, false, fundamentally flawed and unsubstantiated. The statement fails to reflect the true nature, purpose and potential of the crypto industry," CryptoUK said in a statement. The Financial Conduct Authority has repeatedly warned consumers they could lose all of their money invested in cryptocurrencies. Cryptoassets globally have a total market capitalisation of about $1.2 trillion, a tiny part of the financial system, but the collapse of crypto firm FTX exchange last year introduced greater urgency into regulating the sector. "The events of 2022 have highlighted the risks posed to consumers by the cryptoasset industry, large parts of which remain a wild west," said Harriett Baldwin, chair of the treasury committee. Story continues Around 10% of UK adults hold or have held cryptoassets, according to official figures. The European Union approved the world's first set of comprehensive rules for crypto markets on Tuesday. International regulators are due to propose global norms shortly. The underlying technology used by cryptoassets has the potential to improve efficiency in payments, the report said. (Reporting by Huw JonesEditing by Christina Fincher)... - Reddit Posts (Sample): [['u/anonourmouse', 'Queer Kpop Fans Survey 2023 – the results are in!', 158, '2023-07-05 02:07', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/', 'Hello everyone! About a month ago I posted the second annual survey for LGBTQ+ Kpop fans, and I’m now here to share this year\'s results! Before we get to the results, I have a few notes and disclaimers, so please read them!\n\n1. The survey was posted on [r/kpopthoughts](https://www.reddit.com/r/kpopthoughts/), [r/kpophelp](https://www.reddit.com/r/kpophelp/), and [r/kpoppers](https://www.reddit.com/r/kpoppers/) and was open from June 1-June 7. It received 1,057 responses, over 300 more than last year!\n2. In this post, I am only listing the top 3 results for genders, sexual orientations, and romantic orientations that at least 20 respondents identified as (except for the overall demographic results). I did this solely in the interest of keeping this post as short as possible and showing results with even the tiniest bit of statistical significance, and not at all with the intention of excluding anyone – even 20 respondents is honestly pushing it, considering it’s less than 2% of the sample! That being said, I will link the full results at the end of this post.\n3. Following that, one thing I did a bit differently this year is include "N/A" as a entry – i.e., if someone did not answer for whatever reason. This was an especially common answer to the "queerest songs" question.\n4. 353 respondents identified as 2 sexualities and 299 identified as 2 romantic orientations. If someone put more than one identity (ex. "Bisexual, Demisexual"), their answers were counted once under each of the listed identities, which means some of the math won\'t add up perfectly. Four respondents identified as cisgender, heterosexual, and heteroromantic; their responses were erased from the dataset. All respondents who identified as LGBTQ+ in some way, even if they were straight/cis in another way, were included.\n5. If someone wrote more than 3 groups, soloists, ults, and/or songs, I only included the first 3 they listed in the results.\n6. I fully expect Koreaboo to steal and post this information and give me absolutely none of whatever profits they make off of it like they did last year, so let me just preemptively say: FUCK KOREABOO :)\n7. NO BIGOTRY/EXCLUSION OF ANY KIND IN THE COMMENTS PLEASE.\n\n# Demographics\n\n# of respondents by gender\n\n* Women: 661 (653 cis, 8 trans)\n* Men: 158 (113 cis, 45 trans)\n* Genderqueer/Non-binary: 92\n* Unsure/questioning: 49\n* Trans: 53\n* Agender: 35\n* Genderfluid/Multigender/Polygender: 22\n* Demigender: 26 (5 boys, 21 girls)\n* Write-ins: Girl/Woman (5), Unlabeled (2), 2 Spirit (1), Bigender (1), FairyWolf Hybrid (1), Feminine-presenting (1), Girlflux (1), Xenogender (1)\n\n# of respondents by sexual orientation\n\n* Bisexual: 433\n* Asexual/graysexual: 238\n* Lesbian/homosexual: 181\n* Queer: 181\n* Gay/homosexual: 111\n* Pansexual: 104\n* Unsure/questioning: 72\n* Demisexual: 56\n* Write-ins: Omnisexual (2), Aegosexual (1), FaeWolfSexual (1), Unlabeled (1), Polysexual (1), Sexual (1)\n\n# of respondents by romantic orientation\n\n* Biromantic: 378\n* Lesbian/homoromantic: 213\n* Queer: 196\n* Aromantic/grayromantic: 121\n* Panromantic: 120\n* Gay/homoromantic: 116\n* Unsure/questioning: 86\n* Demiromantic: 63\n* Write-ins: Unlabeled (3), ? (1), Polyamorous (1), Polyromantic (1), Romantic (1), Wolfmantic (1)\n\n# Overall Results\n\nGroup Preferences: 37.7% prefer girl groups, 34.3% prefer boy groups, 27.7% have no preference, 0.3% prefer coed groups\n\nSoloist Preferences: 46.1% prefer female soloists, 40.2% have no preference, 13.8% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (226)\|1. Taemin (205)\|1. Suga (BTS) (78)\|1. (G)I-dle - Oh my god (366)\|\n\|2. BTS (197)\|2. Sunmi (180)\|2. \\[TIE\\] Lee Know (SKZ) (56)\|2. Moonbyul ft. Seori - Shutdown (227)\|\n\|3. Seventeen (186)\|3. IU (178)\|2. \\[TIE\\] Taemin (SHINee) (56)\|3. Chuu (ex-Loona) - Heart Attack (177)\|\n\|4. Twice (177)\|4. Taeyeon (176)\|4. Bang Chan (SKZ) (55)\|4. OnlyOneOf - libidO (136)\|\n\|5. Red Velvet (147)\|5. Chungha (172)\|5. Moonbyul (MMM) (49)\|5. N/A (76)\|\n\|6. TXT (137)\|6. Agust D (149)\|6. Seulgi (RV) (46)\|6. Irene&Seulgi (RV) - Monster (65)\|\n\|7. SHINee (124)\|7. Bibi (123)\|7. \\[TIE\\] Felix (SKZ) (41)\|7. Taemin - Move (54)\|\n\|8. \\[TIE\\] (G)I-dle (117)\|8. \\[TIE\\] Baekhyun (78)\|7. \\[TIE\\] Han (SKZ) (41)\|8. V (BTS) - Stigma (39)\|\n\|8. \\[TIE\\] Dreamcatcher (117)\|8. \\[TIE\\] Key (78)\|9. RM (BTS) (40)\|9. \\[TIE\\] K.Will - Please Don\'t... (35)\|\n\|10. Ateez (116)\|10. Woodz (73)\|10. Yunjin (LSFM) (38)\|9. \\[TIE\\] Yoojung (OOO) - begin (35)\|\n\nLike last year, I\'ve made playlists of the queerest songs according to the survey! To keep it from being too long, I only put songs that at least 2 people replied, but you can see all of the songs in the full results, linked at the end of this post. Enjoy!\n\n[gaypop 2023 Spotify playlist](https://open.spotify.com/playlist/6syVVrCeyc6C1S4WwPIKM1?si=0BTcZGTSTcqaqOTGhotTMQ)\n\n[gaypop 2023 YouTube playlist](https://youtube.com/playlist?list=PLSW2w6Xza72apViQWUvyUBOuShFNm6Gde)\n\nI don’t have Apple Music, but if someone here does and wants to make a playlist there let me know!\n\n# Results by Gender\n\nNote: Unlike last year, I did not calculate results for cis women or cis men.\n\nGenderqueer/Nonbinary\n\nGroup Preferences: 46.7% prefer boy groups, 27.2% have no preference, 26.1% prefer girl groups\n\nSoloist Preferences: 41.3% have no preference, 38.0% prefer female soloists, 20.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (26)\|1. Sunmi (20)\|1. \\[TIE\\] Bang Chan (SKZ) (7)\|1. (G)I-dle - Oh my god (24)\|\n\|2. Seventeen (18)\|2. Taeyeon (17)\|1. \\[TIE\\] Han (SKZ) (7)\|2. OnlyOneOf - libidO (17)\|\n\|3. \\[TIE\\] BTS (16)\|3. Taemin (15)\|1. \\[TIE\\] Suga (BTS) (7)\|3. Chuu (ex-Loona) - Heart Attack (15)\|\n\|3. \\[TIE\\] Twice (16\|\|\|\|\n\nUnsure/Questioning\n\nGroup Preferences: 36.7% prefer boy groups, 34.7% have no preference, 28.6% prefer girl groups\n\nSoloist Preferences: 53.1% have no preference, 40.8% prefer female soloists, 6.1% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. \\[TIE\\] BTS (11)\|1. IU (13)\|1. \\[TIE\\] Key (SHINee) (4)\|1. (G)I-dle - Oh my god (23)\|\n\|1. \\[TIE\\] Stray Kids (11)\|2. Taemin (12)\|1. \\[TIE\\] Suga (BTS) (4)\|2. \\[TIE\\] Chuu (ex-Loona) - Heart Attack (9)\|\n\|3. \\[TIE\\] Seventeen (9)\|3. Agust D (8)\|1. \\[TIE\\] Taemin (SHINee) (4)\|2. \\[TIE\\] Moonbyul ft. Seori - Shutdown (9)\|\n\|3. \\[TIE\\] SHINee (9)\|\|\|\|\n\nTrans Men\n\nGroup Preferences: 54.3% prefer boy groups, 26.1% prefer girl groups, 19.6% have no preference\n\nSoloist Preferences: 50.0% have no preference, 28.3%% prefer female soloists, 21.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (12)\|1. Taemin (10)\|1. Han (SKZ) (4)\|1. (G)I-dle - Oh my god (13)\|\n\|2. \\[TIE\\] Seventeen (9)\|2. Sunmi (9)\|2. \\[TIE\\] DK (SVT), Felix (SKZ), Jennie (BP), Jonghyun (SHINee) (3)\|2. Chuu (ex-Loona) - Heart Attack (9)\|\n\|2. \\[TIE\\] SHINee (9)\|3. Agust D (7)\|2. \\[TIE\\] Key (SHINee), Momo (Twice), Suga (BTS), Wonho (3)\|3. OnlyOneOf - libidO (6)\|\n\nAgender\n\nGroup Preferences: 40.0% prefer girl groups, 31.4% have no preference, 28.6% prefer boy groups\n\nSoloist Preferences: 57.1% have no preference, 42.9% prefer female soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Dreamcatcher (8)\|1. Chungha (6)\|1. \\[TIE\\] Han (SKZ) (4)\|1. (G)I-dle - Oh my god (15)\|\n\|2. Ateez (7)\|2. \\[TIE\\] Agust D (5)\|1. \\[TIE\\] Lee Know (SKZ) (4)\|2. Moonbyul ft. Seori - Shutdown (8)\|\n\|3. Seventeen (6)\|2. \\[TIE\\] Bibi (5)\|3. (17 idols got 2)\|3. \\[TIE\\] Chuu (ex-Loona) - Heart Attack (5)\|\n\|\|2. \\[TIE\\] Sunmi (5)\|\|3. \\[TIE\\] OnlyOneOf - libidO (5)\|\n\nGenderfluid/Multigender/Polygender\n\nGroup Preferences: 54.5% prefer boy groups, 18.2% prefer girl groups, 27.3% have no preference\n\nSoloist Preferences: 45.5% have no preference, 27.3% prefer female soloists, 27.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Ateez (7)\|1. Taemin (12)\|1. \\[TIE\\] Hongjoong (Ateez) (3)\|1. (G)I-dle - Oh my god (8)\|\n\|2. \\[TIE\\] BTS (5)\|2. Agust D (7)\|1. \\[TIE\\] Ten (NCT) (3)\|2. V (BTS) - Stigma (4)\|\n\|2. \\[TIE\\] Seventeen (5)\|3. \\[TIE\\] IU (5)\|3. \\[TIE\\] Dino (SVT), Kai (EXO), RM (BTS) (2)\|3. (6 songs got 2)\|\n\|2. \\[TIE\\] TXT (5)\|3. \\[TIE\\] Woodz (5)\|3. \\[TIE\\] San (Ateez), Woodz, Yeonjun (TXT) (2)\|\|\n\nDemigirl\n\nGroup Preferences: 42.9% prefer boy groups, 28.6% have no preference, 28.6% prefer girl groups\n\nSoloist Preferences: 42.9% prefer female soloists, 42.9% have no preference, 14.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (8)\|1. Bibi (6)\|1. \\[TIE\\] Bang Chan (SKZ) (3)\|1. (G)I-dle - Oh my god (6)\|\n\|2. BTS (7)\|2. Hwasa (4)\|1. \\[TIE\\] Felix (SKZ) (3)\|2. Moonbyul ft. Seori - Shutdown (5)\|\n\|3. Twice (6)\|3. \\[TIE\\] Baekhyun (3)\|1. \\[TIE\\] J-hope (BTS) (3)\|3. OnlyOneOf - libidO (3)\|\n\|\|3. \\[TIE\\] IU (3)\|1. \\[TIE\\] Moonbyul (MMM) (3)\|\|\n\|\|3. \\[TIE\\] Sunmi (3)\|1. \\[TIE\\] Yunjin (LSFM) (3)\|\|\n\n# Results by Sexual Orientation\n\nBisexual\n\nGroup Preferences: 34.9% prefer boy groups, 33.9% prefer girl groups, 30.7% have no preference, 0.5% prefer coed groups\n\nSoloist Preferences: 45.5% have no preference, 42.0% prefer female soloists, 12.5% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (99)\|1. Taemin (97)\|1. Suga (BTS) (39)\|1. (G)I-dle - Oh my god (153)\|\n\|2. BTS (98)\|2. IU (75)\|2. Taemin (SHINee) (29)\|2. Moonbyul ft. Seori - Shutdown (95)\|\n\|3. Seventeen (70)\|3. Sunmi (71)\|3. Lee Know (SKZ) (27)\|3. Chuu (ex-Loona) - Heart Attack (57)\|\n\nAsexual/Graysexual\n\nGroup Preferences: 39.5% prefer boy groups, 34.5% have no preference, 26.1% prefer girl groups\n\nSoloist Preferences: 43.7% prefer female soloists, 43.3% have no preference, 13.0% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Seventeen (60)\|1. Taemin (48)\|1. Taemin (SHINee) (17)\|1. (G)I-dle - Oh my god (90)\|\n\|2. Stray Kids (58)\|2. IU (43)\|2. \\[TIE\\] Bang Chan (SKZ) (14)\|2. Moonbyul ft. Seori - Shutdown (48)\|\n\|3. Ateez (41)\|3. Taeyeon (40)\|2. \\[TIE\\] Lee Know (SKZ) (14)\|3. Chuu (ex-Loona) - Heart Attack (40)\|\n\nLesbian/Homosexual\n\nGroup Preferences: 56.9% prefer girl groups, 22.7% prefer boy groups, 19.9% have no preference, 0.6% prefer coed groups\n\nSoloist Preferences: 63.5% prefer female soloists, 24.9% have no preference, 11.6% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Twice (41)\|1. Sunmi (44)\|1. Moonbyul (MMM) (27)\|1. (G)I-dle - Oh my god (75)\|\n\|2. Mamamoo (37)\|2. Chungha (33)\|2. Suga (BTS) (13)\|2. Moonbyul ft. Seori - Shutdown (69 ^(nice))\|\n\|3. Red Velvet (34)\|3. Taemin (30)\|3. Solar (MMM) (11)\|3. Chuu (ex-Loona) - Heart Attack (40)\|\n\nQueer\n\nGroup Preferences: 41.4% prefer boy groups, 34.8% prefer girl groups, 23.8% have no preference\n\nSoloist Preferences: 43.1% have no preference, 38.7% prefer female soloists, 18.2% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. BTS (48)\|1. Agust D (36)\|1. \\[TIE\\] Bang Chan (SKZ) (14)\|1. (G)I-dle - Oh my god (51)\|\n\|2. Stray Kids (39)\|2. Taemin (35)\|1. \\[TIE\\] Suga (BTS) (14)\|2. Moonbyul ft. Seori - Shutdown (45)\|\n\|3. Seventeen (36)\|3. IU (30)\|3. Lee Know (SKZ) (13)\|3. Chuu (ex-Loona) - Heart Attack (34)\|\n\nGay/Homosexual\n\nGroup Preferences: 47.7% prefer girl groups, 34.2% prefer boy groups, 18.0% have no preference\n\nSoloist Preferences: 50.5% prefer female soloists, 27.9% have no preference, 21.6% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. \\[TIE\\] Seventeen (21)\|1. Taeyeon (29)\|1. Felix (SKZ) (8)\|1. (G)I-dle - Oh my god (31)\|\n\|1. \\[TIE\\] Twice (21)\|2. Chungha (22)\|2. \\[TIE\\] Soobin (TXT) (7)\|2. OnlyOneOf - libidO (27)\|\n\|3. Red Velvet (16)\|3. IU (21)\|2. \\[TIE\\] Taeyeon (SNSD) (7)\|3. Chuu (ex-Loona) - Heart Attack (23)\|\n\nPansexual\n\nGroup Preferences: 45.2% prefer boy groups, 28.8% have no preference, 26.0% prefer girl groups\n\nSoloist Preferences: 49.0% have no preference, 35.6% prefer female soloists, 15.4% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (34)\|1. Agust D (25)\|1. Suga (BTS) (15)\|1. (G)I-dle - Oh my god (26)\|\n\|2. BTS (30)\|2. Taemin (23)\|2. \\[TIE\\] Bang Chan (SKZ) (9)\|2. Moonbyul ft. Seori - Shutdown (22)\|\n\|3. Ateez (21)\|3. Bibi (22)\|2. \\[TIE\\] Han (SKZ) (9)\|3. Chuu (ex-Loona) - Heart Attack (16)\|\n\nUnsure/Questioning\n\nGroup Preferences: 37.5% prefer girl groups, 31.9% have no preference, 30.6% prefer boy groups,\n\nSoloist Preferences: 50.0% have no preference, 41.7% prefer female soloists, 8.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (20)\|1. IU (19)\|1. Lee Know (SKZ) (8)\|1. (G)I-dle - Oh my god (32)\|\n\|2. BTS (17)\|2. Chungha (17)\|2. \\[TIE\\] Jihyo (Twice) (6)\|2. Moonbyul ft. Seori - Shutdown (16)\|\n\|3. TXT (15)\|3. \\[TIE\\] Agust D (14)\|2. \\[TIE\\] Suga (BTS) (6)\|3. Chuu (ex-Loona) - Heart Attack (11)\|\n\|\|3. \\[TIE\\] Taemin (14)\|\|\|\n\nDemisexual\n\nGroup Preferences: 41.1% prefer boy groups, 32.1% have no preference, 26.8% prefer girl groups\n\nSoloist Preferences: 55.4% have no preference, 28.6% prefer female soloists, 16.1% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (14)\|1. Taemin (17)\|1. Suga (BTS) (8)\|1. \\[TIE\\] (G)I-dle - Oh my god (14)\|\n\|2. Red Velvet (11)\|2. Agust D (14)\|2. Lee Know (SKZ) (6)\|1. \\[TIE\\] Moonbyul ft. Seori - Shutdown (14)\|\n\|3. \\[TIE\\] Ateez (10)\|3. Sunmi (11)\|3. \\[TIE\\] Han (SKZ) (5)\|3. Chuu (ex-Loona) - Heart Attack (11)\|\n\|3. \\[TIE\\] BTS (10)\|\|3. \\[TIE\\] Seulgi (RV) (5)\|\|\n\n# Results by Romantic Orientation\n\nBiromantic\n\nGroup Preferences: 33.9% prefer boy groups, 33.1% prefer girl groups, 32.5% have no preference, 0.5% prefer coed groups\n\nSoloist Preferences: 45.8% have no preference, 41.0% prefer female soloists, 13.2% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (92)\|1. Taemin (88)\|1. Suga (BTS) (28)\|1. (G)I-dle - Oh my god (138)\|\n\|2. BTS (70)\|2. \\[TIE\\] Chungha (64)\|2. Lee Know (SKZ) (26)\|2. Moonbyul ft. Seori - Shutdown (83)\|\n\|3. Seventeen (66)\|2. \\[TIE\\] IU (64)\|3. Taemin (SHINee) (21)\|3. Chuu (ex-Loona) - Heart Attack (51)\|\n\nLesbian/Homoromantic\n\nGroup Preferences: 56.3% prefer girl groups, 22.5% prefer boy groups, 20.7% have no preference, 0.5% prefer coed groups\n\nSoloist Preferences: 62.4% prefer female soloists, 26.3% have no preference, 11.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Twice (45)\|1. Sunmi (48)\|1. Moonbyul (MMM) (26)\|1. (G)I-dle - Oh my god (87)\|\n\|2. Red Velvet (42)\|2. Chungha (42)\|2. Suga (BTS) (15)\|2. Moonbyul ft. Seori - Shutdown (78)\|\n\|3. Mamamoo (40)\|3. Taeyeon (36)\|3. \\[TIE\\] Seulgi (RV) (12)\|3. Chuu (ex-Loona) - Heart Attack (44)\|\n\|\|\|3. \\[TIE\\] Solar (MMM) (12)\|\|\n\nQueer\n\nGroup Preferences: 38.3% prefer boy groups, 34.2% prefer girl groups, 27.6% have no preference\n\nSoloist Preferences: 44.9% have no preference, 41.8% prefer female soloists, 13.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. BTS (53)\|1. \\[TIE\\] IU (40)\|1. Suga (BTS) (14)\|1. (G)I-dle - Oh my god (57)\|\n\|2. Stray Kids (41)\|1. \\[TIE\\] Sunmi (40)\|2. Bang Chan (SKZ) (13)\|2. Moonbyul ft. Seori - Shutdown (48)\|\n\|3. Seventeen (39)\|2. Taemin (37)\|3. Lee Know (SKZ) (12)\|3. Chuu (ex-Loona) - Heart Attack (38)\|\n\nAromantic/Grayromantic\n\nGroup Preferences: 38.8% prefer boy groups, 31.4% have no preference, 29.8% prefer girl groups\n\nSoloist Preferences: 42.1% prefer female soloists, 42.1% have no preference, 15.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Seventeen (29)\|1. Taemin (27)\|1. Taemin (SHINee) (12)\|1. (G)I-dle - Oh my god (52)\|\n\|2. Stray Kids (26)\|2. IU (21)\|2. Han (SKZ) (9)\|2. \\[TIE\\] Chuu (ex-Loona) - Heart Attack (21)\|\n\|3. SHINee (21)\|3. Sunmi (18)\|3. Key (SHINee) (8)\|2. \\[TIE\\] Moonbyul ft. Seori - Shutdown (21)\|\n\nPanromantic\n\nGroup Preferences: 47.5% prefer boy groups, 34.2% have no preference, 18.3% prefer girl groups\n\nSoloist Preferences: 53.3% have no preference, 30.8% prefer female soloists, 15.8% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (37)\|1. Agust D (32)\|1. Suga (BTS) (15)\|1. (G)I-dle - Oh my god (37)\|\n\|2. BTS (35)\|2. Bibi (27)\|2. \\[TIE\\] Bang Chan (SKZ) (9)\|2. Moonbyul ft. Seori - Shutdown (23)\|\n\|3. Seventeen (28)\|3. Taemin (26)\|2. \\[TIE\\] Han (SKZ) (9)\|3. OnlyOneOf - libidO (20)\|\n\nGay/Homoromantic\n\nGroup Preferences: 46.6% prefer girl groups, 34.5% prefer boy groups, 19.0% have no preference\n\nSoloist Preferences: 52.6% prefer female soloists, 28.4% have no preference, 19.0% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Twice (21)\|1. Taeyeon (30)\|1. \\[TIE\\] Felix (SKZ) (7)\|1. (G)I-dle - Oh my god (36)\|\n\|2. Seventeen (19)\|2. Chungha (24)\|1. \\[TIE\\] Soobin (TXT) (7)\|2. OnlyOneOf - libidO (28)\|\n\|3. Red Velvet (17)\|3. IU (23)\|1. \\[TIE\\] Taemin (SHINee) (7)\|3. Chuu (ex-Loona) - Heart Attack (26)\|\n\|\|\|1. \\[TIE\\] Taeyeon (SNSD) (7)\|\|\n\nUnsure/Questioning\n\nGroup Preferences: 34.9% prefer girl groups, 34.9% have no preference, 30.2% prefer boy groups\n\nSoloist Preferences: 48.8% have no preference, 45.3% prefer female soloists, 5.8% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (22)\|1. IU (20)\|1. Suga (BTS) (10)\|1. (G)I-dle - Oh my god (34)\|\n\|2. BTS (18)\|2. Taeyeon (19)\|2. Lee Know (SKZ) (7)\|2. Moonbyul ft. Seori - Shutdown (26)\|\n\|3. TXT (15)\|3. Taemin (17)\|3. \\[TIE\\] Yeonjun (TXT) (6)\|3. Chuu (ex-Loona) - Heart Attack (16)\|\n\|\|\|3. \\[TIE\\] Yunjin (LSFM) (6)\|\|\n\nDemiromantic\n\nGroup Preferences: 54.0% prefer boy groups, 25.4% have no preference, 20.6% prefer girl groups\n\nSoloist Preferences: 46.0% have no preference, 38.1% prefer female soloists, 31.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. BTS (24)\|1. Agust D (19)\|1. Suga (BTS) (9)\|1. (G)I-dle - Oh my god (15)\|\n\|2. Stray Kids (17)\|2. Taemin (15)\|2. \\[TIE\\] Jimin (BTS) (6)\|2. Moonbyul ft. Seori - Shutdown (14)\|\n\|3. Ateez (15)\|3. IU (14)\|2. \\[TIE\\] RM (BTS) (6)\|3. OnlyOneOf - libidO (12)\|\n\n[Here are the full results](https://docs.google.com/spreadsheets/d/1hxx-ldxzu-zuCzw09DPJmwh_DMTy8qwKG6zSN_E0CT4/edit?usp=sharing) if you\'d like to see them! Yellow cells are entries that did not appear last year. Please forgive any mistakes you may find, I\'m sure there are at least a few, lol. [Here is last year\'s results post](https://www.reddit.com/r/kpopthoughts/comments/w30md3/lgbtq_kpop_fans_survey_the_results_are_in/?utm_source=share&utm_medium=web2x&context=3) if you\'re interested in comparing. Finally, I\'ll include my own thoughts and observations in a comment.\n\nThank you so much for reading, and thank you again to those who participated in the survey and patiently waited for the results! I hope you all had a wonderful and safe Pride! :)', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/', '14qv3b6', [['u/anonourmouse', 49, '2023-07-05 02:08', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqp4te3/', 'Thoughts and observations:\n\n* As a Stay myself, I’m very pleasantly surprised by Stray Kids’ growth – last year they were 3rd most popular after BTS and Twice, and now they’re the most popular by a not insignificant margin! \r\n* Also very pleased (if unsurprised) with Bibi’s growth in popularity, both in general and among queers, she absolutely deserves it <3\r\n* I love that female soloists are, again, far more popular than male soloists…and yet the most popular soloist is Taemin, lol.\r\n* Suga continues to be exceedingly popular among queers, but I am a bit surprised at Seulgi’s drop in relative popularity – she was tied for 2nd overall and was most popular among lesbians last year, but didn’t even make top 3 for lesbians this year. \r\n* OnlyOneOf’s “be” series began just after last year’s survey closed, so I fully expected most if not all of them to appear on the list this year. I do think it’s interesting that, besides the “be” series, the top queerest songs didn’t change all that much.\r\n* (G)I-dle’s Oh my god being the top queerest song for every single category is kind of hilarious to me. She really did take us to the sky, huh?', '14qv3b6'], ['u/Medium-Principle-352', 53, '2023-07-05 02:26', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqp71h7/', 'Stray kids for the gays lol', '14qv3b6'], ['u/ligneouslimb', 16, '2023-07-05 02:29', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqp7cc1/', 'I do wonder what the straights would vote for considering how often in this sub I see the gals who use those fandom names saying the commentariat here simps for SM girlies when apparently not the case here lmao.', '14qv3b6'], ['u/ligneouslimb', 21, '2023-07-05 02:57', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpak7c/', "Also as a huge homosexual does this mean I need to give Stray Kids and Seventeen another chance. I love that they have extensive control over their own music but didn't gel with them much. Red Velvet I had a very sad One of These Nights on loop eras so have had enough thank u.", '14qv3b6'], ['u/anonourmouse', 24, '2023-07-05 03:05', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpbde0/', '[They are not STRAIGHT Kids, after all](https://twitter.com/softyeoggu/status/1079257307454861312?s=46&t=dSFNXvzOAWK_FXLkE9B3mw)', '14qv3b6'], ['u/anonourmouse', 13, '2023-07-05 03:09', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpbuph/', 'It certainly can’t hurt! Maybe start with their songs on the gaypop playlist? They both have huge discographies so you’re bound to like a few things from them! Or if you want more specific recommendations I (or other commenters) can try to help!', '14qv3b6'], ['u/aftershockstone', 10, '2023-07-05 03:28', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpdu7c/', 'Though I will say that Red Velvet and SHINee are exactly who I would expect to have the biggest proportion of queer fans amongst SM groups', '14qv3b6'], ['u/elswheeler', 29, '2023-07-05 03:49', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpg48g/', 'i’m screeching at skz being #1 on so many of these 😭😭😭 somehow it is so surprising', '14qv3b6'], ['u/Dannynite', 45, '2023-07-05 03:56', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpgv10/', 'Mamamoo is for the lesbians 😂 During some USA tour stops, a lot of people cracked up when Hwasa said only “[ladies](https://twitter.com/lmmleigh/status/1660206312389582849?s=46)” (~0:30) instead of “ladies and gentlemen” (although I think she does say both later) in Mr. Ambiguous. They know their audience. 😂 And of course moonsun being among the ult biases… A friend was handing out pride flags during the last two stops (when June just started) and there simply weren’t enough. But I saw sooooo many people bring their own, too.\n\nAlso glad to see Moonbyul’s Shutdown is still recognized. I still love how subtle/poetic it is without being overly explicit.\n\nAlso! Worth noting that Rainbow Moomoos, an official association in SK, successfully fundraised [2 million won](https://twitter.com/rainbowmoomoos/status/1663565953559568386?s=46) for Seoul Queer Culture Festival. Overall they raised 4 million won, so the remainder is going towards rewards for donors as well as other LGBTQIA+ causes in SK. :)', '14qv3b6'], ['u/coco_xcx', 35, '2023-07-05 04:02', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqphgo5/', 'Can I just say that it makes me happy to see WOODZ on this list 😭 This survey was very fun to do but slightly stressful when choosing my fave groups & soloists 😅', '14qv3b6'], ['u/TwoHungryBlackbirdss', 29, '2023-07-05 04:09', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpi852/', "I didn't see it at last weekend's Seoul Pride, but last year the contingent of Mamamoo fans with a giant flag with their lightstick at the top were marching in the parade in front of me lol. Moomoos don't fuck around", '14qv3b6'], ['u/CrawlingWizard', 30, '2023-07-05 04:19', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpjc2h/', "Yoongi is apparently everyone's bias or wrecker here on reddit 😂", '14qv3b6'], ['u/spooky_biscuit', 86, '2023-07-05 04:30', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpkiot/', 'twice, mamamoo, red velvet sounds about right. love how predictable us lesbians are 😭😭', '14qv3b6'], ['u/Unlucky-Two2737', 10, '2023-07-05 05:08', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpoieq/', 'Good job gays! Glad to see Taeyeon is still getting the support she deserves from our community.', '14qv3b6'], ['u/hirudoredo', 21, '2023-07-05 05:28', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpqj81/', 'As someone who almost exclusively stans female groups/artists, I can confirm that Taemin is one of my top soloists. Man was out there saying "fuck your conceptions about gender" and I took notice lol.', '14qv3b6'], ['u/hirudoredo', 32, '2023-07-05 05:29', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpqq8z/', 'I am absolutely dying at OH MY GOD being the big unifier across all labels and identities. Tbf, when I was asked on the survey, it was the only "queerish" song I could think of off the top of my head. I\'m sure I wasn\'t alone, lol. That song is GAY.', '14qv3b6'], ['u/mixedbagofdisaster', 47, '2023-07-05 05:35', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpra44/', 'I didn’t take the survey, but as a genderqueer person with Stray Kids as an ultimate group and Suga as an ultimate bias I am dismayed to find out that I apparently have been a stereotype this entire time. This feels so targeted 😭😭😭', '14qv3b6'], ['u/anticoolgeek', 37, '2023-07-05 05:44', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqps578/', '>Queerest Songs\n\n>1. (G)I-dle - Oh my god\n>2. Moonbyul ft. Seori - Shutdown\n>3. Chuu (ex-Loona) - Heart Attack\n\n…Yes.', '14qv3b6'], ['u/Cynorgi', 31, '2023-07-05 06:47', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpy4i2/', "Shutdown is definitely the most explicitly queer song out of the ones listed. I mean it's literally about going down on someone with clear female anatomy and the music video is definitely not about a pair of platonic gal pals. \n\nShe knows. They know. We know. \n\nShoutout to Goodbye for having a music video with an implied past wlw relationship too.", '14qv3b6'], ['u/mars-ing', 14, '2023-07-05 08:22', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqq63iw/', "I didn't take this survey but as a queer army who's now getting into stray kids with yoongi and chan as my biases I'm so glad to see once again that none of my lived experiences are unique lmao", '14qv3b6'], ['u/aragorn-son-of', 13, '2023-07-05 13:59', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqqvzsl/', 'I feel so called out as a person whose ult biases are Suga and Lee Know...', '14qv3b6'], ['u/anonourmouse', 12, '2023-07-05 14:13', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqqxfrk/', 'I wasn’t too surprised because Suga and Lee Know topped last year’s list too, but I do remember being surprised last year at just how popular Suga in particular was compared to the other top ults. I honestly don’t have an answer for their popularity, even as a queer who is bias wrecked by Lee Know myself, lol. I think it may partially be because he (and Suga and a few other top ults) have a sort of…”catboy” vibe? Personally I really like his tsundere personality, he seems quite intimidating but in reality is a huge softie which is very endearing to me. I don’t know enough about Suga to know if that applies to him as well, maybe an Army can help with that?\n\nAlso, the yellow cells are entries that didn’t appear in last year’s survey.', '14qv3b6'], ['u/anonourmouse', 20, '2023-07-05 14:41', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqr0h3s/', 'They’re types of xeno identities. From the Nonbinary Wiki:\n\n> Some nonbinary people find it easier to perceive or describe their inner sense of their gender identity by evoking familiar archetypes. Instead of giving references to how their gender relates to maleness and femaleness, they say their gender is-- or is like-- a kind of animal, an imaginary being, a part of nature, an abstract concept, or a symbol. Some nonbinary people describing their gender this way do so because they feel a sense of gender euphoria or some other connection when thinking about an object. \n\nXeno attraction is basically attraction to non-human people/entities. \n\nUsually people with xeno identities are quite young, so I don’t personally agree with mocking or insulting them. Unfortunately queerphobes have latched onto xeno identities and made them the brunt of most of their anti-queer jokes — if you go to r/onejoke (if it’s even still open) you’ll see what I mean — which has made people who genuinely identify as xeno identities pariahs in the queer community. Honestly I think people can and should identify however they want to, but it does need to be acknowledged that xeno identities are not generally taken seriously by the queer or cishet communities, and that they ultimately prevent someone from being part of a queer community, which arguably does them more harm than good. (Sorry this got a bit preachy, lol)', '14qv3b6']]], ['u/Puppyofparkave', 'Old memories with great new ones to come! 🚀🇺🇸', 99, '2023-07-05 02:40', 'https://www.reddit.com/r/Bitcoin/comments/14qvqzk/old_memories_with_great_new_ones_to_come/', 'BTC G.O.A.T 🐐', 'https://i.redd.it/vvvx1b6tl1ab1.jpg', '14qvqzk', [['u/Hederanomics', 11, '2023-07-05 03:47', 'https://www.reddit.com/r/Bitcoin/comments/14qvqzk/old_memories_with_great_new_ones_to_come/jqpfvrd/', 'make another screen shot when btc hits 640k usd :)', '14qvqzk'], ['u/DumbestBoy', 29, '2023-07-05 05:18', 'https://www.reddit.com/r/Bitcoin/comments/14qvqzk/old_memories_with_great_new_ones_to_come/jqppipw/', 'I’m old enough to remember the 60s.', '14qvqzk']]], ['u/NewLittleAlienGuy', 'How Did You Find Out About Bitcoin?', 20, '2023-07-05 03:35', 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/', "Was recently discussing with some friends how I began my journey into Bitcoin and we got to wondering how most people about it, what their story is etc. So, what's yours?\n\nAlso, one of my buddies mentioned this website, said he believes it. Honestly, it makes a lot of sense to me... www.therealsatoshi.net\n\nOh, if you wondered, probably the funniest story from our discussion was one friend of mine who heard about Bitcoin from his grandpa back in 2014. Apparently his grandpa was a financial advisor, always reads about investments etc online and thought it was interesting, heard the younger generation was into it and asked him about it, so he looked it up. Ironic!", 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/', '14qwtpc', [['u/Boogyin1979', 19, '2023-07-05 03:50', 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/jqpg98u/', 'One of my sons started mining in 2013. As anyone with kids knows: there comes a time when parents and kids start to drift apart. Getting involved with BTC was initially an effort to spend more time with him and it’s something we continue to bond over.', '14qwtpc'], ['u/Eddybitcoin', 17, '2023-07-05 06:02', 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/jqptwmo/', 'My gf cheated on me so I kept the rest of our money and bought Bitcoin 10 years ago. Best breakup ever.', '14qwtpc']]], ['u/Brilliant-Gate-6169', "Here's 100k. What would you do?", 10, '2023-07-05 05:26', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/', "Ok.... so let's say you won 100k (You already have some additional savings and emergency fund, so you can take a risk). How will you spend / invest it? \n\n1) Place it all in an interest account earning you 5% p.a \n2) Buy an investment property \n3) Invest it in crypto - mainly bitcoin and some other alt coins \n4) Invest it all in ETFs\n5) Purchase Australian stocks \n6) Pay of your HECS / other debts \n7) Take a few months of work and travel the world \n\nYou can only chose 1 option - let me know what you would chose :)", 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/', '14qyy7m', [['u/kwoahyou', 37, '2023-07-05 05:51', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpsudk/', 'I’d throw it in my offset. Outside of that, I’d throw it all into VGS and continue life.\n\nWould probably set $5-10k aside and holiday or buy something nice with it.', '14qyy7m'], ['u/babyfireby30', 14, '2023-07-05 05:53', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpt22z/', "My partner would want to put it to the mortgage, and I would want to put it to ETFs. Maybe we'd go 50:50 so we'd each be happy.", '14qyy7m'], ['u/the_artful_breeder', 11, '2023-07-05 05:54', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpt5hs/', '7. Easy.', '14qyy7m'], ['u/snrubovic', 14, '2023-07-05 07:00', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpz9l0/', 'If you had a taxable income over 45k, another option is super. \n\nEach dollar contributed in the 34.5% tax bracket (including Medicare levy) gives you an instant 29.77% return, so if you had the amount available in unused former years, you could give up 50k and end up with 65k worth of super and still have 50k left from your original 100k. Not a bad way to get even more free money.', '14qyy7m'], ['u/stereothegreat', 42, '2023-07-05 10:17', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqqeptf/', 'As the rule was you can only choose one option, you have failed and the money has been taken away from you. You get nothing.', '14qyy7m']]], ['u/PoeCollector', '10 Ways to Lose your Bitcoin: A Retrospective', 143, '2023-07-05 05:40', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/', ' \n\nI\'ve been around a while, and I was thinking today about the myriad of ways people have been separated from their coins over the years. Off the top of my head:\n\n1. Internet Theft \nYour money was stolen by thieves via an insecure hot wallet, malware, a clever phishing scheme, or otherwise unwittingly exposing your keys to the internet.\n2. You Forgot \nYou lost or forgot keys, passphrases, hidden seed locations, etc. Perhaps you threw an old hard drive away. Or possibly, you had an overcomplicated "high security" setup you neglected to document.\n3. Counterparty bankruptcy \nYou left coins on an exchange or other custodian that went bankrupt.\n4. Altcoin Hype \nAmidst the narrative that some newer, more innovative coin may well overtake bitcoin, you "diversified" into altcoins. In 2017, this was the market-savvy view and there was enormous hype.\n5. Yield Farming Bubble \nYou wanted MORE bitcoin for your bitcoin. 12% guaranteed interest? What could go wrong? See #3 for the answer.\n6. Paper Bitcoin Wallet hack \nPaper wallets were popular before hardware wallets became the norm. But you used the popular bitcoin paper wallet site after it was sold and then altered by thieves to produce compromised wallets.\n7. Hard Forks \nYou sided with a bitcoin fork, and therefore ended up trading BTC for a comparatively worthless coin.\n8. Panic Sold \nThe price crashed (again) and you sold at the bottom, only for it to reach a new all time high later.\n9. Propaganda \nYou sold for moral reasons, after buying into mainstream negative press about bitcoin. It will boil the ocean. It\'s used by criminals. It\'s for right-wing extremists. Etc.\n10. Impatience \nYou didn\'t get rich quick enough, so you sold to buy whatever someone told you is the next big thing.\n\nFor those who fell to any of these and more, my heart goes out to you. For me, #4 got me. I had that Web 3.0, flippening, tech startup mentality, before eventually becoming a toxic bitcoin maximalist.\n\nWhenever people say bitcoin holders didn\'t have to do anything, technically they are correct. But just look at all the things they had to avoid doing.\n\nWhat did I miss? Which of these got you?', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/', '14qz79p', [['u/xBram', 11, '2023-07-05 06:03', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/jqpu1ru/', '1,2,3,4,8,10', '14qz79p'], ['u/Kogry92', 31, '2023-07-05 09:11', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/jqq9vrk/', '11: Confidently sold everything with 4x $ return in 2013.', '14qz79p']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, July 05, 2023', 22, '2023-07-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/', '14qzkhw', [['u/Yodel_And_Hodl_Mode', 17, '2023-07-05 08:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqq8gre/', 'The countdown is on. 9.5 months-ish until the next halving. Plus 4 to 6 until the next supply shock kicks off the next bull run in force.\n\nUse this time wisely.', '14qzkhw'], ['u/_supert_', 16, '2023-07-05 11:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqqiv62/', 'The lack of front-running previous halvings is what finally persuaded me efficient markets is just wrong.', '14qzkhw'], ['u/Magikarpeles', 15, '2023-07-05 11:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqqj5uy/', '>Use this time wisely.\n\nDoes being stoned 24/7 count', '14qzkhw'], ['u/imissusenet', 10, '2023-07-05 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqrvzqt/', 'Never below $27750 again, as I have an order at $27744.', '14qzkhw'], ['u/dopeboyrico', 21, '2023-07-05 18:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqrzm72/', 'BTC held on exchanges it at its lowest level since March 2018. You love to see it.', '14qzkhw'], ['u/jpdoctor', 10, '2023-07-05 19:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqs89lx/', "Anyone notice the ruble is tumbling? I'm a little surprised there isn't more of a btc price bump just from that, but perhaps Vlad has successfully closed off all btc purchasing paths inside mother russia.", '14qzkhw']]], ['u/rBitcoinMod', 'Daily Discussion, July 05, 2023', 39, '2023-07-05 08:02', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14q6ni1/daily_discussion_july_04_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/', '14r1s6r', [['u/Llonga', 23, '2023-07-05 11:29', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqqjtuk/', 'For me, the race is on. Halving in under 300 days, trillion dollar institutions knocking on the door, supply on exchanges falling to all time lows. Stack hard, because it probably won’t be like this again. 30k is cheap, people.', '14r1s6r'], ['u/NectarineDirect936', 11, '2023-07-05 16:13', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqrbt4p/', "Most of us don't care", '14r1s6r'], ['u/BuiltToSpinback', 11, '2023-07-05 17:43', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqromge/', 'just went in again... hard', '14r1s6r'], ['u/understepped', 12, '2023-07-05 17:58', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqrqwef/', 'get ready for a sudden unexpected 30% price drop.', '14r1s6r'], ['u/BuiltToSpinback', 10, '2023-07-05 18:01', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqrrbq0/', "I hope y'all can appreciate the sacrifice with your fiat at the ready", '14r1s6r']]], ['u/WaywardxPuggle', 'Suggestions on how Australians can buy Bitcoin in Australia', 18, '2023-07-05 10:06', 'https://www.reddit.com/r/Bitcoin/comments/14r42q9/suggestions_on_how_australians_can_buy_bitcoin_in/', "As far as I can tell, almost all the on ramps to crypto exchanges have obstacles to Australians buying Bitcoin. The big Australian banks are making it very difficult to send any significant amount of fiat to a crypto exchange. The equities and crypto exchanges like Interactive Brokers where one probably would be able to send fiat currency won't sell to Australians. Etorro won't let Australian investors self custody. Commonwealth bank is not only holding fiat but says it may only allow 10k a month to go to a crypto exchange. Australians are running out of options to buy BTC which of course is the whole aim of traditional finance. An effective Chokepoint like is taking place in the US.\n\nAnyway the above problems is not an exhaustive list. Any suggestions on how to freely send fiat to crypto exchanges?\n\nThanks", 'https://www.reddit.com/r/Bitcoin/comments/14r42q9/suggestions_on_how_australians_can_buy_bitcoin_in/', '14r42q9', [['u/Aussiehash', 11, '2023-07-05 10:34', 'https://www.reddit.com/r/Bitcoin/comments/14r42q9/suggestions_on_how_australians_can_buy_bitcoin_in/jqqfy5q/', '* IndependentReserve\n* BTCMarkets\n* Bitaroo', '14r42q9']]], ['u/KieveKRS', 'Why The Cold Fates Laugh ~ pt.3', 115, '2023-07-05 11:01', 'https://www.reddit.com/r/HFY/comments/14r52tl/why_the_cold_fates_laugh_pt3/', '>[̉](https://i.imgur.com/JQqDruS.png) [◄◄First](https://redd.it/14qe93q) ║ [◄Prev](https://redd.it/14qe9xt) ║ [Next►](https://redd.it/14s7ebi)\n\n---\n\nMerra stormed into her quarters and hurled her empty serata mug at the wall. The durable alloy clanged off the paneling, neither of them worse for the wear in spite of her frustration. Snarling a stream of half-baked K\'thari epithets, she collapsed face-first into her bowl cushion. The tirade ended with a muffled scream.\n\nShe\'d made a complete fool of herself to the human, Baxter. Twice. The last two hours had been an utter spacewreck and good sense suggested she cut her losses, curl up for what remained of the diurn, and pray to the Cold Fates that tomorrow would be better.\n\nTomorrow… Tomorrow, the Leon\'s Pride was scheduled to depart, and Baxter with it. The source of her embarrassment would be gone, and her friends would be none the wiser. She wouldn\'t have to endure Shealin\'s suggestive barbs over a human, or Chiiki\'s teasing remarks about her rant in the cafe yesterday. It would be so simple to sequester herself and let the diurn\'s misery blow past.\n\nSo why couldn\'t she let it go?\n\nThe K\'thari turned over, staring at the ceiling as she tried to call the tangled, thrashing mess in her head to order. True, she had enjoyed her outing with Baxter — up to the point where her clumsy mistake had brought it all crashing down — but he was making his exit even then. He had admitted, to her surprise, that he was attracted to her, but declared firmly in the same breath that he was not interested in courting her. Which suited her well, since she had absolutely zero interest in taking a human into her bed.\n\n…Was that why? Did the declaration somehow mark him as "safe?"\n\nDid it really matter?\n\nA soft beep from her hip nearly earned her pad the same fate as the mug, but she hesitated long enough to see what had woken the device. A message notification from Chiiki blinked at her.\n\n\\[@CTverri\\]: didnt see u 2d. u ok?\n\nHer claws tapped a reply on the pad\'s screen.\n\n\\[@MRasas\\]: Just fine. Went for a drink after work. \n\\[@CTverri\\]: ooh! wuz he cute? \n\\[@MRasas\\]: Chii! Why is that your first thought? \n\\[@CTverri\\]: u cant fool me, mer. \n\\[@CTverri\\]: … so … ? \n\\[@MRasas\\]: He\'s off the last freighter that I docked. \n\\[@MRasas\\]: It departs first diurn tomorrow so don\'t read into it. \n\\[@CTverri\\]: when ur done u gotta tell me how he was \n\\[@MRasas\\]: BTCF Chii! I\'m not screwing him! \n\\[@CTverri\\]: \\-yet! \n\\[@MRasas\\]: prrata olenu vaas. \n\\[AutoTL(KTH)\\]: <Go fuck yourself> \n\\[@MRasas\\]: …I forgot it does that. \n\\[@CTverri\\] is laughing! \n\\[@CTverri\\]: k u go have fun! try not 2 wear him out! \n\\[@CTverri\\] has logged off\n\nSex. Why was it always sex when it came to humans? Was that really all they were good for?\n\nNo, she decided, there\'s more to them than that. More to him, at least. The K\'thari closed her eyes and inhaled deeply. She wanted to see Baxter again. Perhaps it was because he wasn\'t one of Shealin\'s poor attempts to set her up. Perhaps it was the way they traded quips and jests with such ease. Perhaps she was just lonely, and tired of nursing cycle after cycle of bitterness.\n\nShe set her pad aside, casting another empty glare at the ceiling panels. Whatever the reason, she couldn\'t get him off her mind.\n\nMerra pulled herself out of the cushion and paced the small confines of her five-meter-square quarters. It would take him a bit of time to return to his ship and change clothes. She could meet him in the arboretum, but who knew how long she might be waiting, with no guarantee he\'d actually appear. No, better to be direct — she\'d just go to the StaSec checkpoint for the docking bay and wait there. Maybe invite him to dinner to apologize for dousing his uniform in alcohol.\n\nAs the khaki-furred feline browsed through her wardrobe, she pointedly ignored the little voice in her head that kept wanting to use the word "date."\n\n╞════════════════───────────────────\n\nSex. Baxter sighed heavily, shooing away the thought like a pesky insect. It was wasted effort — resisting the idea only made it more persis... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin was holding steady about about $30.5K – unmoved by upbeat crypto comments by BlackRock CEO Larry Fink\'s\nInsights:Pita Limjaroenrat, a candidate to become Thailand\'s next prime minister, owns crypto. What does his disclosure say about politicians and crypto?\nCoinDesk Market Index (CMI)\n1,247\n−14.9▼1.2%\nBitcoin (BTC)\n$30,463\n−360.5▼1.2%\nEthereum (ETH)\n$1,910\n−29.9▼1.5%\nS&P 500\n4,446.82\n−8.8▼0.2%\nGold\n$1,924\n+1.8▲0.1%\nNikkei 225\n33,338.70\n−83.8▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,247", "\\u221214.9\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,463", "\\u2212360.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,910", "\\u221229.9\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,446.82", "\\u22128.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,924", "+1.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,338.70", "\\u221283.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Through Good and Bad\nThe end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank\'s current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,465, down slightly more than a percentage point over the past 24 hours. After surging above $31,000 in mid-June following multiple spot bitcoin ETF filings, BTC has remained mostly impervious to potential price catalysts, even as investor sentiment has brightened.\nIn an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year.\n"We could be looking at that same period of stability around about now. Indeed, bitcoin has remained relatively stable over the past three months ranging between $28,000 and its current level of just below $31,000," Frost wrote. "If we were to see a few more months of this, this would set the stage for a much more optimistic period in terms of price."\nFrost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion. He also noted that the SEC was allowing bankrupt crypto lending platform Celsius to sell altcoins for bitcoin and ether that it can then distribute to creditors and other clients.\nRead More:Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks\n"We really are seeing a clearing of the decks in cryptocurrency," Frost wrote, "and regulation is creating a landscape that will make it easier for everybody to operate. This, combined with some more stable and promising price signals, means that now may be a very good time to think long term.”\nEther was recently changing hands at $1,910, off 1.5% from Tuesday, same time. Other major cryptos spent much of the day in the red with ADA, the token of smart contracts platform Cardano, declining 3%. Litecoin, and popular meme coins DOGE and SHIB all recently dropped more than 2%. STORJ, the native crypto of the Storj cloud storage platform, rose more than 40% earlier in the day, but relinquished its gains to trade down 20% from a day ago.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently down 1.3%.\nU.S. stocks edged down with the tech-heavy Nasdaq Composite and S&P 500 falling 0.3% and 0.2%, despite Fed minutes showing some officials favoring a June rate hike. Central bankers have been wrestling with how to continue addressing annual inflation, which remains more than double their 2% goal without casting the U.S. economy into recession. The bank seemed to forge a compromise at its last meetingby haltingits year-long diet of rate hikes while indicating in subsequent comments that it would pass two more rate hikes in 2023. The U.S. Labor Department will announce its nextConsumer Price index on July 12, giving economic observers their next key read on price trends.\nIn recent months, equity and crypto prices have increasingly decoupled,a trend underscoredby recent data from derivatives analytics firm Block Scholes.\nLate Wednesday, BlackRock CEO Larry Fink seemed to buoy crypto markets\' prospects, telling Fox Business in an interview that crypto "could revolutionize finance." Last month, BlackRock, the world\'s largest asset manager, applied for a spot bitcoin ETF, spurring a mini-run of filings and re-filings with the Securities and Exchange Commission (SEC) by other prominent, financial services firms. The SEC has yet to approve a spot BTC ETF.\nRead More:BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’\n“We believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said, adding: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”\nBitcoin traded sideways in the subsequent hours.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nThai PM Hopeful Owns Cryptocurrency. Why Does It Matter?\nPita Limjaroenrat, the leader of Thailand’s Move Forward Party, and contender for Prime Minister, holds crypto,according to disclosures filed.\nNow to be sure, he doesn’t own a ton of crypto and has way more traditional finance assets.\nThe cumulative thousands of dollars worth of crypto, split between bitcoin (BTC), ether (ETH), BNB, and Cardano (ADA) is only a fraction of his total net worth of 64,283,544 THB ($1.84 million), and heowns significantly more land and equities.\nAll this is interesting because now Pita joins the ranks of politicians holding crypto. In the United States,a total of eightmembers of Congress hold crypto, or shares in Grayscale’s Bitcoin Trust, according toBitcoinpoliticians.org, which tracks holdings based on financial disclosures. In Korea, one elected representative was referred to theirparliamentary ethics committeeafter he disclosed that he owns a “significant amount of coins”, with a large holding consisting of GameFi platformWeMIX tokens.\nTo put into perspective how mainstream crypto is in Thailand, the Move Forward Party wasn’t “the” crypto party in the country’s recent elections. That honor goes to the Pheu Thai party, one of the other parties to form a governing coalition. The Pheu Thai partypromised an airdropof 10,000 THB (around $300) to every Thai citizen, although the Move Forward Party did make promises about integrating blockchain into government affairs to increase transparency.\nPita isn’t Prime Minister quite yet. Thai political procedure requires the House of Representatives and Senateto vote on who will be prime minister, and that could be an uphill battle.\nBut there is a chance that an elected leader of a major country in Asia will also be a bitcoin hodler. Isn’t that a sign of the times?\n8:15 p.m. HKT/SGT(12:15 p.m. UTC):ADP Employment Change Report (June)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. Continuing Jobless Claims (June 23)\n10 p.m. HKT/SGT(2 p.m. UTC):JOLTS Jobs Openings (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Bitcoin ETF Application Refiled; Michael Moro Takes Helm of New Crypto Derivatives Exchange\nThe Nasdaq exchange has refiled its application to list BlackRock\'s proposed bitcoin exchange-traded fund. Matrixport head of research and strategy Markus Thielen shared his crypto markets analysis. Michael Moro, the former CEO of Genesis Trading, joined "First Mover" to discuss taking the helm of a new cryptocurrency derivatives exchange called Ankex. DCG owns Genesis and CoinDesk. And, TRM Labs head of legal and government affairs Ari Redbord weighed in on the state of the elicit crypto ecosystem.\nBitcoin Remains Range-Bound, Despite Bullish Sentiment:Bitcoin prices have paused with support at $30,000\nNFT Creator Royalty Payments Hit Two-Year Low: Nansen:The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space.\nHollywood Legend Steve McQueen Honored as \'King of Cool\' in New NFT Collection:The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor\'s love of motorcycle racing.\nCrypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges:The decentralized cloud storage protocol has seen its market value double this week.\nBitcoin Prices Are Hot, but Here’s What Could Crush the Rally:BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was holding steady about about $30.5K – unmoved by upbeat crypto comments by BlackRock CEO Larry Fink\'s\nInsights:Pita Limjaroenrat, a candidate to become Thailand\'s next prime minister, owns crypto. What does his disclosure say about politicians and crypto?\nCoinDesk Market Index (CMI)\n1,247\n−14.9▼1.2%\nBitcoin (BTC)\n$30,463\n−360.5▼1.2%\nEthereum (ETH)\n$1,910\n−29.9▼1.5%\nS&P 500\n4,446.82\n−8.8▼0.2%\nGold\n$1,924\n+1.8▲0.1%\nNikkei 225\n33,338.70\n−83.8▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,247", "\\u221214.9\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,463", "\\u2212360.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,910", "\\u221229.9\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,446.82", "\\u22128.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,924", "+1.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,338.70", "\\u221283.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Through Good and Bad\nThe end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank\'s current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,465, down slightly more than a percentage point over the past 24 hours. After surging above $31,000 in mid-June following multiple spot bitcoin ETF filings, BTC has remained mostly impervious to potential price catalysts, even as investor sentiment has brightened.\nIn an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year.\n"We could be looking at that same period of stability around about now. Indeed, bitcoin has remained relatively stable over the past three months ranging between $28,000 and its current level of just below $31,000," Frost wrote. "If we were to see a few more months of this, this would set the stage for a much more optimistic period in terms of price."\nFrost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion. He also noted that the SEC was allowing bankrupt crypto lending platform Celsius to sell altcoins for bitcoin and ether that it can then distribute to creditors and other clients.\nRead More:Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks\n"We really are seeing a clearing of the decks in cryptocurrency," Frost wrote, "and regulation is creating a landscape that will make it easier for everybody to operate. This, combined with some more stable and promising price signals, means that now may be a very good time to think long term.”\nEther was recently changing hands at $1,910, off 1.5% from Tuesday, same time. Other major cryptos spent much of the day in the red with ADA, the token of smart contracts platform Cardano, declining 3%. Litecoin, and popular meme coins DOGE and SHIB all recently dropped more than 2%. STORJ, the native crypto of the Storj cloud storage platform, rose more than 40% earlier in the day, but relinquished its gains to trade down 20% from a day ago.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently down 1.3%.\nU.S. stocks edged down with the tech-heavy Nasdaq Composite and S&P 500 falling 0.3% and 0.2%, despite Fed minutes showing some officials favoring a June rate hike. Central bankers have been wrestling with how to continue addressing annual inflation, which remains more than double their 2% goal without casting the U.S. economy into recession. The bank seemed to forge a compromise at its last meetingby haltingits year-long diet of rate hikes while indicating in subsequent comments that it would pass two more rate hikes in 2023. The U.S. Labor Department will announce its nextConsumer Price index on July 12, giving economic observers their next key read on price trends.\nIn recent months, equity and crypto prices have increasingly decoupled,a trend underscoredby recent data from derivatives analytics firm Block Scholes.\nLate Wednesday, BlackRock CEO Larry Fink seemed to buoy crypto markets\' prospects, telling Fox Business in an interview that crypto "could revolutionize finance." Last month, BlackRock, the world\'s largest asset manager, applied for a spot bitcoin ETF, spurring a mini-run of filings and re-filings with the Securities and Exchange Commission (SEC) by other prominent, financial services firms. The SEC has yet to approve a spot BTC ETF.\nRead More:BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’\n“We believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said, adding: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”\nBitcoin traded sideways in the subsequent hours.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nThai PM Hopeful Owns Cryptocurrency. Why Does It Matter?\nPita Limjaroenrat, the leader of Thailand’s Move Forward Party, and contender for Prime Minister, holds crypto,according to disclosures filed.\nNow to be sure, he doesn’t own a ton of crypto and has way more traditional finance assets.\nThe cumulative thousands of dollars worth of crypto, split between bitcoin (BTC), ether (ETH), BNB, and Cardano (ADA) is only a fraction of his total net worth of 64,283,544 THB ($1.84 million), and heowns significantly more land and equities.\nAll this is interesting because now Pita joins the ranks of politicians holding crypto. In the United States,a total of eightmembers of Congress hold crypto, or shares in Grayscale’s Bitcoin Trust, according toBitcoinpoliticians.org, which tracks holdings based on financial disclosures. In Korea, one elected representative was referred to theirparliamentary ethics committeeafter he disclosed that he owns a “significant amount of coins”, with a large holding consisting of GameFi platformWeMIX tokens.\nTo put into perspective how mainstream crypto is in Thailand, the Move Forward Party wasn’t “the” crypto party in the country’s recent elections. That honor goes to the Pheu Thai party, one of the other parties to form a governing coalition. The Pheu Thai partypromised an airdropof 10,000 THB (around $300) to every Thai citizen, although the Move Forward Party did make promises about integrating blockchain into government affairs to increase transparency.\nPita isn’t Prime Minister quite yet. Thai political procedure requires the House of Representatives and Senateto vote on who will be prime minister, and that could be an uphill battle.\nBut there is a chance that an elected leader of a major country in Asia will also be a bitcoin hodler. Isn’t that a sign of the times?\n8:15 p.m. HKT/SGT(12:15 p.m. UTC):ADP Employment Change Report (June)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. Continuing Jobless Claims (June 23)\n10 p.m. HKT/SGT(2 p.m. UTC):JOLTS Jobs Openings (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Bitcoin ETF Application Refiled; Michael Moro Takes Helm of New Crypto Derivatives Exchange\nThe Nasdaq exchange has refiled its application to list BlackRock\'s proposed bitcoin exchange-traded fund. Matrixport head of research and strategy Markus Thielen shared his crypto markets analysis. Michael Moro, the former CEO of Genesis Trading, joined "First Mover" to discuss taking the helm of a new cryptocurrency derivatives exchange called Ankex. DCG owns Genesis and CoinDesk. And, TRM Labs head of legal and government affairs Ari Redbord weighed in on the state of the elicit crypto ecosystem.\nBitcoin Remains Range-Bound, Despite Bullish Sentiment:Bitcoin prices have paused with support at $30,000\nNFT Creator Royalty Payments Hit Two-Year Low: Nansen:The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space.\nHollywood Legend Steve McQueen Honored as \'King of Cool\' in New NFT Collection:The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor\'s love of motorcycle racing.\nCrypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges:The decentralized cloud storage protocol has seen its market value double this week.\nBitcoin Prices Are Hot, but Here’s What Could Crush the Rally:BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.', 'Good morning. Here’s what’s happening: Prices: Bitcoin was holding steady about about $30.5K – unmoved by upbeat crypto comments by BlackRock CEO Larry Fink\'s Insights: Pita Limjaroenrat, a candidate to become Thailand\'s next prime minister, owns crypto. What does his disclosure say about politicians and crypto? Prices CoinDesk Market Index (CMI) 1,247 −14.9 ▼ 1.2% Bitcoin (BTC) $30,463 −360.5 ▼ 1.2% Ethereum (ETH) $1,910 −29.9 ▼ 1.5% S&P 500 4,446.82 −8.8 ▼ 0.2% Gold $1,924 +1.8 ▲ 0.1% Nikkei 225 33,338.70 −83.8 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,247 −14.9 ▼ 1.2% Bitcoin (BTC) $30,463 −360.5 ▼ 1.2% Ethereum (ETH) $1,910 −29.9 ▼ 1.5% S&P 500 4,446.82 −8.8 ▼ 0.2% Gold $1,924 +1.8 ▲ 0.1% Nikkei 225 33,338.70 −83.8 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Steady Through Good and Bad The end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank\'s current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000. The largest cryptocurrency by market capitalization was recently trading at about $30,465, down slightly more than a percentage point over the past 24 hours. After surging above $31,000 in mid-June following multiple spot bitcoin ETF filings, BTC has remained mostly impervious to potential price catalysts, even as investor sentiment has brightened. In an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year. Story continues "We could be looking at that same period of stability around about now. Indeed, bitcoin has remained relatively stable over the past three months ranging between $28,000 and its current level of just below $31,000," Frost wrote. "If we were to see a few more months of this, this would set the stage for a much more optimistic period in terms of price." Frost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion. He also noted that the SEC was allowing bankrupt crypto lending platform Celsius to sell altcoins for bitcoin and ether that it can then distribute to creditors and other clients. Read More: Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks "We really are seeing a clearing of the decks in cryptocurrency," Frost wrote, "and regulation is creating a landscape that will make it easier for everybody to operate. This, combined with some more stable and promising price signals, means that now may be a very good time to think long term.” Ether was recently changing hands at $1,910, off 1.5% from Tuesday, same time. Other major cryptos spent much of the day in the red with ADA, the token of smart contracts platform Cardano, declining 3%. Litecoin, and popular meme coins DOGE and SHIB all recently dropped more than 2%. STORJ, the native crypto of the Storj cloud storage platform, rose more than 40% earlier in the day, but relinquished its gains to trade down 20% from a day ago. The CoinDesk Market Index , a measure of crypto markets\' overall performance, was recently down 1.3%. U.S. stocks edged down with the tech-heavy Nasdaq Composite and S&P 500 falling 0.3% and 0.2%, despite Fed minutes showing some officials favoring a June rate hike. Central bankers have been wrestling with how to continue addressing annual inflation, which remains more than double their 2% goal without casting the U.S. economy into recession. The bank seemed to forge a compromise at its last meeting by halting its year-long diet of rate hikes while indicating in subsequent comments that it would pass two more rate hikes in 2023. The U.S. Labor Department will announce its next Consumer Price index on July 12 , giving economic observers their next key read on price trends. In recent months, equity and crypto prices have increasingly decoupled, a trend underscored by recent data from derivatives analytics firm Block Scholes. Late Wednesday, BlackRock CEO Larry Fink seemed to buoy crypto markets\' prospects, telling Fox Business in an interview that crypto "could revolutionize finance." Last month, BlackRock, the world\'s largest asset manager, applied for a spot bitcoin ETF, spurring a mini-run of filings and re-filings with the Securities and Exchange Commission (SEC) by other prominent, financial services firms. The SEC has yet to approve a spot BTC ETF. Read More: BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’ “We believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said, adding: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.” Bitcoin traded sideways in the subsequent hours. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −5.9% Smart Contract Platform Polygon MATIC −4.3% Smart Contract Platform Gala GALA −4.1% Entertainment Insights Thai PM Hopeful Owns Cryptocurrency. Why Does It Matter? Pita Limjaroenrat, the leader of Thailand’s Move Forward Party, and contender for Prime Minister, holds crypto, according to disclosures filed . (Isra News Agency) Now to be sure, he doesn’t own a ton of crypto and has way more traditional finance assets. The cumulative thousands of dollars worth of crypto, split between bitcoin (BTC), ether (ETH), BNB, and Cardano (ADA) is only a fraction of his total net worth of 64,283,544 THB ($1.84 million), and he owns significantly more land and equities . All this is interesting because now Pita joins the ranks of politicians holding crypto. In the United States, a total of eight members of Congress hold crypto, or shares in Grayscale’s Bitcoin Trust, according to Bitcoinpoliticians.org , which tracks holdings based on financial disclosures. In Korea, one elected representative was referred to their parliamentary ethics committee after he disclosed that he owns a “significant amount of coins”, with a large holding consisting of GameFi platform WeMIX tokens . To put into perspective how mainstream crypto is in Thailand, the Move Forward Party wasn’t “the” crypto party in the country’s recent elections. That honor goes to the Pheu Thai party, one of the other parties to form a governing coalition. The Pheu Thai party promised an airdrop of 10,000 THB (around $300) to every Thai citizen, although the Move Forward Party did make promises about integrating blockchain into government affairs to increase transparency. Pita isn’t Prime Minister quite yet. Thai political procedure requires the House of Representatives and Senate to vote on who will be prime minister , and that could be an uphill battle. But there is a chance that an elected leader of a major country in Asia will also be a bitcoin hodler. Isn’t that a sign of the times? Important events. 8:15 p.m. HKT/SGT(12:15 p.m. UTC): ADP Employment Change Report (June) 8:30 p.m. HKT/SGT(12:30 p.m. UTC): U.S. Continuing Jobless Claims (June 23) 10 p.m. HKT/SGT(2 p.m. UTC): JOLTS Jobs Openings (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BlackRock Bitcoin ETF Application Refiled; Michael Moro Takes Helm of New Crypto Derivatives Exchange The Nasdaq exchange has refiled its application to list BlackRock\'s proposed bitcoin exchange-traded fund. Matrixport head of research and strategy Markus Thielen shared his crypto markets analysis. Michael Moro, the former CEO of Genesis Trading, joined "First Mover" to discuss taking the helm of a new cryptocurrency derivatives exchange called Ankex. DCG owns Genesis and CoinDesk. And, TRM Labs head of legal and government affairs Ari Redbord weighed in on the state of the elicit crypto ecosystem. Headlines Bitcoin Remains Range-Bound, Despite Bullish Sentiment: Bitcoin prices have paused with support at $30,000 NFT Creator Royalty Payments Hit Two-Year Low: Nansen: The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space. Hollywood Legend Steve McQueen Honored as \'King of Cool\' in New NFT Collection: The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor\'s love of motorcycle racing. Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges: The decentralized cloud storage protocol has seen its market value double this week. Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally: BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.', 'Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies fell on Thursday morning in Asia as the U.S. public holiday this week slowed trading and some investors seemed to be taking profits off recent gains. Bitcoin is still up 1% for the week, with BlackRock’s head Larry Fink backing the world’s biggest cryptocurrency as having the potential to revolutionize finance. Litecoin and Cardano led the losers.\nBitcoin fell 1.06% over the last 24 hours to US$30,465 at 06:35 a.m. in Hong Kong, while its weekly gain stood at 1.02%, according todatafrom CoinMarketCap. The token, which had a market cap of US$591 billion as of Thursday, has risen 83% so far this year in a rebound from the bear market slump in 2022.\n“Bitcoin is still the main driver of trading volume albeit that is also soft – no doubt linked to the July 4th U.S. public holiday washing through,” said Caroline Bowler, the chief executive officer of Australia-based crypto exchange BTC Markets, in a text message toForkast.\n“We may be seeing the effects of this reduced liquidity and greater asset concentration playing out, with some greater price sensitivities in trading,” Bowler added. “The industry is coming out of the prolonged bear market so this is to be expected.”\nThe price dip came after a run up in many tokens sparked by growing optimism around the possible approval of Bitcoin exchange-traded funds (ETFs) in the U.S., which will open the cryptocurrency to a wider pool of investors.\nBlackRock, the world’s largest asset manager that oversees about US$10 trillion, filed applications to launch the first publicly traded spot Bitcoin ETFs on June 15. It refiled the application on Monday after the regulator, the Securities and Exchange Commission, reportedly said it was lacking in detail.\nLarry Fink, chief executive officer of BlackRock Inc., said Wednesday that he wanted to “democratize” cryptocurrencies with the ETF filings, in an interview with Fox Business. Fink also said Bitcoin is an international asset that could revolutionize finance.\nEther lost 1.55% to US$1,911, though it was holding onto a gain of 4.40% for the past seven days.\nAll other top 10 cryptocurrencies by market capitalization lost ground, with Litecoin and Cardano leading the losing pack.\nLitecoin slipped 3.84% to US$102.19 in what appeared to be profit taking after the token gained ahead of its halving on Aug. 2 and its listing on EDX Markets, the Wall Street-backed crypto exchange in the U.S. that opened on June 20. Litecoin is still up 22.72% on the week.\nCardano’s ADA lost 3.60% to US$0.2843 while adding 5.61% for the week. Today’s correction also seemed linked to profit-taking, even as parent company Input Output Global Inc. on WednesdayreleasedMarlowe, a so-called toolset to build smart contracts on the blockchain.\nThe total cryptocurrency market cap fell 1.32% to US$1.19 trillion in the last 24 hours, while crypto trading volume rose 0.58% to US$31.27 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 0.96% in the 24 hours to 07:30 a.m. in Hong Kong to 2,801.94, but logged a loss of 1.72% for the week. While the Forkast Ethereum NFT index rose, the indexes measuring the performance of Solana, Polygon and Cardano-based NFT markets all declined.\nInvestors remain basically pessimistic, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Forkast 500 NFT Index is up almost 1%, though still has traders wondering if this is a dead cat bounce, or if there is enough value with these discounted NFT prices that collections have fallen to recently,” Petscher said. “Most are betting this is not the bottom, and a new update from the Blur marketplace has traders worried.”\nBlur marketplace took the NFT world by storm when it launched last November, and its 30-day trading volumesurpassedprevious NFT leader OpenSea in February. Blur picked up more steam when it launchedBlend, a peer-to-peer lending protocol for NFTs on May 2.\nBlur is expanding its popular reward system that distributes $Blur tokens to users that have met certain criteria as “airdrops,” but Petscher says this could be bad news for NFTs overall.\n“\u200b\u200bBlur is introducing rewards for trait offers, which means traders who bid on specific NFT traits on select projects will receive Blur reward points. These points will contribute to the amount of $Blur tokens that traders will receive at the end of Blur’s season 2 airdrop,” said Petscher.\nThis will lead to morefarmers— buyers that generate income through staking NFTs — to prevail in the market over pure collectors.\n“The concert with the new mechanic is that traders will artificially inflate the rarer NFTs in collections, as you receive more points the higher a bid is from the floor price of the collection,” said Petscher. “We’ll see how the new trait offers affect NFT prices, but it’s expected to continue artificially inflating NFT prices, and then culminate in floor crashes like we saw recently.”\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3.76 million, with the volume surging 74.52% on the day. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — placed second by transactions volume, rising 22.03% to US$1.86 million.\nTotal NFT trading volume dropped 4.61% to US$28.3 million. Volume on Ethereum fell 9.36% to US$19.3 million according to Cryptoslamdata. Volume on the Bitcoin network gained 11.97% to US$3.69 million, while volumes on Polygon, Solana and BNB also rose.\nU.S. stock futures dipped as of 10:45 a.m. Thursday in Hong Kong, pointing to another down day for stocks that fell during regular trading on Wednesday. Futures on the Dow Jones Industrial Average, S&P 500 futures and Nasdaq all declined by about 0.1%.\nMinutes from the Federal Reserve’s June meeting showed most Fed officials favor more interest rate increases this year, adding to the conviction the U.S. will raise rates again this month, according toTrading Economics. This concern hit Asian equities as well.\nHong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all moved lower. China’s Shanghai Composite managed a marginal gain of 0.1% on Thursday.\nU.S. Treasury Secretary Janet Yellen arrives in Beijing on Thursday and investors anticipate that the meetings she will have through July 9 may help stabilize relations between the world’s two largest economies, currently marked by sanctions and distrust.\nOn economic indicators, the U.S. releases initial jobless claims and the services purchasing managers’ index on Thursday.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 88.7% chance for a 25-basis-point rate increase, up from 87.4% on Tuesday. The likelihood the Fed won’t increase is now at 11.3%.\n(Updates to add equities section)', 'Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies fell on Thursday morning in Asia as the U.S. public holiday this week slowed trading and some investors seemed to be taking profits off recent gains. Bitcoin is still up 1% for the week, with BlackRock’s head Larry Fink backing the world’s biggest cryptocurrency as having the potential to revolutionize finance. Litecoin and Cardano led the losers.\nBitcoin fell 1.06% over the last 24 hours to US$30,465 at 06:35 a.m. in Hong Kong, while its weekly gain stood at 1.02%, according todatafrom CoinMarketCap. The token, which had a market cap of US$591 billion as of Thursday, has risen 83% so far this year in a rebound from the bear market slump in 2022.\n“Bitcoin is still the main driver of trading volume albeit that is also soft – no doubt linked to the July 4th U.S. public holiday washing through,” said Caroline Bowler, the chief executive officer of Australia-based crypto exchange BTC Markets, in a text message toForkast.\n“We may be seeing the effects of this reduced liquidity and greater asset concentration playing out, with some greater price sensitivities in trading,” Bowler added. “The industry is coming out of the prolonged bear market so this is to be expected.”\nThe price dip came after a run up in many tokens sparked by growing optimism around the possible approval of Bitcoin exchange-traded funds (ETFs) in the U.S., which will open the cryptocurrency to a wider pool of investors.\nBlackRock, the world’s largest asset manager that oversees about US$10 trillion, filed applications to launch the first publicly traded spot Bitcoin ETFs on June 15. It refiled the application on Monday after the regulator, the Securities and Exchange Commission, reportedly said it was lacking in detail.\nLarry Fink, chief executive officer of BlackRock Inc., said Wednesday that he wanted to “democratize” cryptocurrencies with the ETF filings, in an interview with Fox Business. Fink also said Bitcoin is an international asset that could revolutionize finance.\nEther lost 1.55% to US$1,911, though it was holding onto a gain of 4.40% for the past seven days.\nAll other top 10 cryptocurrencies by market capitalization lost ground, with Litecoin and Cardano leading the losing pack.\nLitecoin slipped 3.84% to US$102.19 in what appeared to be profit taking after the token gained ahead of its halving on Aug. 2 and its listing on EDX Markets, the Wall Street-backed crypto exchange in the U.S. that opened on June 20. Litecoin is still up 22.72% on the week.\nCardano’s ADA lost 3.60% to US$0.2843 while adding 5.61% for the week. Today’s correction also seemed linked to profit-taking, even as parent company Input Output Global Inc. on WednesdayreleasedMarlowe, a so-called toolset to build smart contracts on the blockchain.\nThe total cryptocurrency market cap fell 1.32% to US$1.19 trillion in the last 24 hours, while crypto trading volume rose 0.58% to US$31.27 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 0.96% in the 24 hours to 07:30 a.m. in Hong Kong to 2,801.94, but logged a loss of 1.72% for the week. While the Forkast Ethereum NFT index rose, the indexes measuring the performance of Solana, Polygon and Cardano-based NFT markets all declined.\nInvestors remain basically pessimistic, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Forkast 500 NFT Index is up almost 1%, though still has traders wondering if this is a dead cat bounce, or if there is enough value with these discounted NFT prices that collections have fallen to recently,” Petscher said. “Most are betting this is not the bottom, and a new update from the Blur marketplace has traders worried.”\nBlur marketplace took the NFT world by storm when it launched last November, and its 30-day trading volumesurpassedprevious NFT leader OpenSea in February. Blur picked up more steam when it launchedBlend, a peer-to-peer lending protocol for NFTs on May 2.\nBlur is expanding its popular reward system that distributes $Blur tokens to users that have met certain criteria as “airdrops,” but Petscher says this could be bad news for NFTs overall.\n“\u200b\u200bBlur is introducing rewards for trait offers, which means traders who bid on specific NFT traits on select projects will receive Blur reward points. These points will contribute to the amount of $Blur tokens that traders will receive at the end of Blur’s season 2 airdrop,” said Petscher.\nThis will lead to morefarmers— buyers that generate income through staking NFTs — to prevail in the market over pure collectors.\n“The concert with the new mechanic is that traders will artificially inflate the rarer NFTs in collections, as you receive more points the higher a bid is from the floor price of the collection,” said Petscher. “We’ll see how the new trait offers affect NFT prices, but it’s expected to continue artificially inflating NFT prices, and then culminate in floor crashes like we saw recently.”\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3.76 million, with the volume surging 74.52% on the day. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — placed second by transactions volume, rising 22.03% to US$1.86 million.\nTotal NFT trading volume dropped 4.61% to US$28.3 million. Volume on Ethereum fell 9.36% to US$19.3 million according to Cryptoslamdata. Volume on the Bitcoin network gained 11.97% to US$3.69 million, while volumes on Polygon, Solana and BNB also rose.\nU.S. stock futures dipped as of 10:45 a.m. Thursday in Hong Kong, pointing to another down day for stocks that fell during regular trading on Wednesday. Futures on the Dow Jones Industrial Average, S&P 500 futures and Nasdaq all declined by about 0.1%.\nMinutes from the Federal Reserve’s June meeting showed most Fed officials favor more interest rate increases this year, adding to the conviction the U.S. will raise rates again this month, according toTrading Economics. This concern hit Asian equities as well.\nHong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all moved lower. China’s Shanghai Composite managed a marginal gain of 0.1% on Thursday.\nU.S. Treasury Secretary Janet Yellen arrives in Beijing on Thursday and investors anticipate that the meetings she will have through July 9 may help stabilize relations between the world’s two largest economies, currently marked by sanctions and distrust.\nOn economic indicators, the U.S. releases initial jobless claims and the services purchasing managers’ index on Thursday.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 88.7% chance for a 25-basis-point rate increase, up from 87.4% on Tuesday. The likelihood the Fed won’t increase is now at 11.3%.\n(Updates to add equities section)', 'By Herbert Lash\nNEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month.\nPrivate payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while the number of Americans filing new claims for unemployment benefits rose moderately last week, the Labor Department said.\nLater, a survey by the Institute for Supply Management (ISM) showed the U.S. services sector grew faster than expected in June as new orders picked up, adding to data indicating a resilient economy in the face of tighter monetary policy.\n"This strong data today has a lot more of a \'good news is bad news\' type feel to it," said Brian Daingerfield, head of G10 FX strategy at NatWest Markets in Stamford, Connecticut.\n"Take it together with how equity markets have responded, that gives a clear picture of the dollar today. Call it a risk-off style move, where the Fed is going to be tightening more and that has negative repercussions for risk."\nFutures markets raised the probability of the Fed hiking interest rates by 25 basis points to 92.4% when policymakers conclude a two-day meeting on July 26, the CME Group\'s FedWatch Tool showed.\nThe yield on two-year Treasuries rose above 5% to their highest in 16 years, while U.S. stocks tumbled on the outlook that rates will stay higher for longer.\nThe dollar index, measuring the U.S. currency against six others including the euro and Japan\'s yen, fell 0.18% to 103.13.\nISM showed a measure of prices paid by businesses fell to more than a three-year low, suggesting inflation would continue to cool, but Fed officials again signaled higher rates ahead.\nDallas Fed President Lorie Logan said she was very concerned "whether inflation will return to target in a sustainable and timely way."\nThe major central banks for the most part are fine-tuning monetary policy, and it is unclear when they will act as they alternate between hiking and pausing interest rates, said Brad Bechtel, global head of FX at Jefferies.\n"Given all these central banks are more or less in the same place in some way, shape or form, the dollar\'s going have a hard time" moving too much one way or the other, he said.\nThe safe-haven Japanese yen strengthened 0.39% versus the greenback at 144.09 as concerns about the global growth outlook, resulting from the aggressive monetary tightening by major central banks, weighed on risk appetite.\nONE DIMENSIONAL\nThe pound hit two-week highs against the euro and dollar as financial markets bet the Bank of England will raise rates to 6.5% early next year, pushing the yield on the two-year UK government bond to its highest since June 2008.\n"The FX market is taking more of a \'one-dimensional approach\' to trading the British disease," said Stephen Gallo, global FX strategist at BMO Capital Markets.\n"Instead of selling GBP in anticipation of an economic slowdown, it is buying GBP on the basis of interest rate differentials," Gallo said.\nThe Chinese yuan last traded down slightly at 7.2575 per dollar in the offshore market, a day after falling about 0.4%. The central bank set a stronger-than-expected midpoint fixing for the fourth straight day this week, which traders believe is an attempt to prevent the yuan from weakening too fast and too far. [CNY/]\nBitcoin hit a 13-month high of $31,500, continuing to find support due to recent plans by fund managers to launch a U.S.-listed spot bitcoin exchange-traded fund (ETF).\nCurrency bid prices at 3:37 p.m. (1937 GMT)\nDescription RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid\nPrevious Change\nSession\nDollar index 103.1300 103.3400 -0.18% -0.348% +103.5700 +102.9100\nEuro/Dollar $1.0884 $1.0853 +0.29% +1.58% +$1.0901 +$1.0834\nDollar/Yen 144.0850 144.6650 -0.39% +9.91% +144.6500 +143.5600\nEuro/Yen 156.82 157.00 -0.11% +11.77% +157.0600 +155.8500\nDollar/Swiss 0.8957 0.8988 -0.32% -3.10% +0.8997 +0.8951\nSterling/Dollar $1.2740 $1.2703 +0.30% +5.35% +$1.2780 +$1.2674\nDollar/Canadian 1.3364 1.3285 +0.60% -1.36% +1.3370 +1.3276\nAussie/Dollar $0.6625 $0.6654 -0.41% -2.79% +$0.6688 +$0.6599\nEuro/Swiss 0.9747 0.9755 -0.08% -1.50% +0.9766 +0.9738\nEuro/Sterling 0.8543 0.8542 +0.01% -3.40% +0.8563 +0.8521\nNZ Dollar/Dollar $0.6158 $0.6179 -0.31% -2.98% +$0.6219 +$0.6133\nDollar/Norway 10.7670 10.6820 +0.81% +9.73% +10.8250 +10.6520\nEuro/Norway 11.7224 11.5894 +1.15% +11.71% +11.7392 +11.5690\nDollar/Sweden 10.9433 10.9373 +0.36% +5.15% +10.9906 +10.9223\nEuro/Sweden 11.9064 11.8636 +0.36% +6.79% +11.9409 +11.8712\n(Reporting by Herbert Lash; Additional reporting by Samuel Indyk in London and Rae Wee in Singapore; Editing by David Holmes, Mark Potter and Richard Chang)', 'By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while the number of Americans filing new claims for unemployment benefits rose moderately last week, the Labor Department said. Later, a survey by the Institute for Supply Management (ISM) showed the U.S. services sector grew faster than expected in June as new orders picked up, adding to data indicating a resilient economy in the face of tighter monetary policy. "This strong data today has a lot more of a \'good news is bad news\' type feel to it," said Brian Daingerfield, head of G10 FX strategy at NatWest Markets in Stamford, Connecticut. "Take it together with how equity markets have responded, that gives a clear picture of the dollar today. Call it a risk-off style move, where the Fed is going to be tightening more and that has negative repercussions for risk." Futures markets raised the probab Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,769,214,438 - Hash Rate: 349951484.25940275 - Transaction Count: 392688.0 - Unique Addresses: 709055.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products - after nine consecutive weeks of outflows, according to a report from European digital asset manager CoinShares. Bitcoin-related products were the primary asset for inflows, seeing $188 million in total, representing 94% of the total flows. Short-bitcoin products saw total outflow of $4.9 million, for the ninth consecutive week, according to the report. This comes after a number of high profile institutions filed for exchange traded funds (ETF) last week and bitcoin (BTC) price hit one-year high . Asset management giant BlackRock filed an application to roll out a spot bitcoin ETF on June 15. There were also re-filings for similar products by well-known TradFi firms such as Invesco and WisdomTree. We believe this renewed positive sentiment is due to recent announcements from high profile ETP issuers that have filed for physically backed ETFs with the U.S. Securities & Exchange Commission, the report said. Read more: A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF The inflows totalled $199 million, which reversed almost half of the prior nine consecutive weeks of outflows. The report noted that Exchange Traded Product (ETP) trading volumes totalled $2.5 billion for the week. Meanwhile, Ethereum saw inflows of $7.8 million, representing only 0.1% of assets under management (AUM), relative to bitcoin's inflows of 0.7%, demonstrating less of an appetite for ethereum than bitcoin at present. However, the positive sentiment didnt flow through into altcoin investments, according to the report. This turn in sentiment didnt trickle down to altcoins with only very minor inflows into XRP and Solana totalling $0.24m and $0.17m respectively. But the improved sentiment did encourage some investors to buy multi-asset investment ETPs, with $8m inflows last week, the CoinShares report added.... - Reddit Posts (Sample): [['u/Fabs_-', 'Anybody else pretty fed-up with the post on here ?!', 51, '2023-07-06 00:20', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/', "It feels like the only things getting asked are ; Should I buy all at once ? DCA ? What hardware wallet is best ? Have you heard about insert freshest news ?! Guys, I lost x amount ! Help ? Guys, I hate myself for not buying back then ! Yada yada...\n\nHow is it possible that with 5M+ members, there are close-to-none technical, or even technically related posts about Bitcoin ? It's a freaking Bitcoin sub !\n\nI felt like that before, but damn, since I've been trying to get a better technical understanding about the moving parts of Bitcoin, and started posting some questions about it, there have been less-and-less comments on them- if any.\n\nPretty weak for a Sub this big.", 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/', '14rpcg3', [['u/Good_Extension_9642', 85, '2023-07-06 00:40', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtfuqh/', 'Hey OP I have a question: should I DCA or purchase with a lump sum?', '14rpcg3'], ['u/satoshisfeverdream', 24, '2023-07-06 01:41', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqto36o/', 'Hey what happens to the Bitcoin network if we have a full moon, solar flare and an eclipse in the same month?', '14rpcg3'], ['u/tarkovLoadedwCheatrs', 24, '2023-07-06 01:57', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtqalk/', "It's Reddit bro. \n\nAll subs are circle jerk, bias reaffirming, echo chambers.\n\nWTF you expect?\n\n😆", '14rpcg3'], ['u/Nathan-McAlpin', 13, '2023-07-06 02:03', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtr2ob/', 'Lump it baby! To the MOON!!!', '14rpcg3'], ['u/itfwg', 12, '2023-07-06 02:06', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtrgjj/', 'Many of us have been here for a long time and got technical questions answered previously from many sources. Sometimes we will help, but we may be distracted with different topics at this time. We continue to be early adopters. A lot of my time has been spent researching super yachts, and fresh water boathouses with access to ocean based in favorable geopolitical locations. It comes with its own technical challenges.', '14rpcg3'], ['u/captain-garfio', 63, '2023-07-06 02:15', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtsm5e/', 'I was getting fed up but luckily your high quality post restored my faith in this sub.', '14rpcg3'], ['u/BashCo', 40, '2023-07-06 05:17', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqueyqm/', "After reviewing OP's submission history (3 posts ever, all in the past day), I'm strongly encouraging OP to log off for a few days to recalibrate, then come back and post some of the extremely high quality content that he wishes to see here.\n\nBe the change you want to see, and all that.", '14rpcg3']]], ['u/samgf', 'Please rate my brother in laws investment strategy', 18, '2023-07-06 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/', 'So for context, I’m somewhat financially savvy but certainly could know more.\n\nI have invested a little into bitcoin but that’s it.\n\nWhat I’m really interested to hear is what you think of my brother in laws investment strategy.\n\nBut of context: he’s 26 and lives in the UK, he cleans windows for a living but is capable of much more and capable of learning something more career based. He’s extremely ambitious and wants to make a lot of money, however he’s clearly not trying to do this through his work…\n\nSo, he invests in crypto, and feels that he’s going to be a multi millionaire in a couple of years.\n\nI asked him about his strategy and he said that when he gets paid, he invests everything he possibly can into the coins that have dropped the most from their all time high. For example, a few days ago when he got paid, he bought occam.fi. He has all of his money spread out across these multiple coins that are worth basically nothing compared to their all time high and he’s fully convinced that they will 100x over the next couple of years when there is ‘the bull run’. He says that everyone who buys a house ‘has taken a massive L’ and is a slave to the system. He doesn’t have any hobbies other than the gym, and my biggest worry is the impact he’s having on his gf (my sister in law). He would never buy bitcoin because he thinks it can never get him the returns he’s looking for ‘doubling my money just isn’t what I’m looking for’.\n\nSo, fellow crypto enthusiasts, what do you think of this strategy? Is there any chance of this paying off? Or is he destined for windows the the rest of his life?', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/', '14rqtts', [['u/99999999999999999989', 14, '2023-07-06 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtlj7r/', 'Dude is completely fucked.\n \nEDIT: So is he buying Shiba? Wrapped Luna perhaps?', '14rqtts'], ['u/zoomercoomer9000', 18, '2023-07-06 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtlpcj/', "Occam fi? What's tha-\n\n\nToken \| ATH \| Price today \| Change\n:--\|:--\|:--\|:--\nOCC \| $16.76 \| $0.14 \| -99.16%\n\nOh boy. Well, at least we know your decision to stick with BTC is a more sound investment strategy than your brother's.", '14rqtts'], ['u/deathbyfish13', 10, '2023-07-06 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtoncg/', 'Nah according to this guy anyone who has brought a house, you know the one investment that has historically always gone up, is a loser... Dude has lost his damn mind', '14rqtts'], ['u/marsangelo', 23, '2023-07-06 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtoyrv/', '“Please brother in law what are you doing”', '14rqtts'], ['u/Sir_McFuckington', 15, '2023-07-06 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtusja/', "I don't want to say he's an idiot. But he's an idiot.\n\nI said it...I just didn't want to.", '14rqtts']]], ['u/Crangrapejoose', 'Everything has been a setup for the financial takeover of the world since 2008. A cashless society is looming in which control of everything we do will be tracked.', 61, '2023-07-06 02:23', 'https://www.reddit.com/r/conspiracy/comments/14rscgq/everything_has_been_a_setup_for_the_financial/', 'It started with the crash - then the study of bitcoin over the years. \n\n2012 the financial oversight committee was start which Gary G was the head. \n\n2012 Obama turned on the printing machine full blast\n\nRosie Rios was told in 2012 to reduce coin and cash usage\n\nMassive shift happening in that period. \n\nEnter Jay Clayton with the XRP cripe - now sits on FDIC and so does Rosie Rios\n\n2020 we had the plandemic and we all know how that went financially \n\n2022 the FED openly talks about the digital currency and asks YOUR opinion on the site at that time\n\nBRICS nations declared and their agreement on dropping the US dollar in favor of their own currency\n\nAlong with this you have China that already had a digital Yuan being tested with their social credit score system.\n\nBitcoin was created to study and that is all. \n\nI obviously shortened this a LOT but it truly has been a long con to get us to where we are to replace all cash usage in the world slowly but surely. \n\nI know comments will point out some things I missed so I will update the post in case it gains traction.', 'https://www.reddit.com/r/conspiracy/comments/14rscgq/everything_has_been_a_setup_for_the_financial/', '14rscgq', [['u/Penny1974', 17, '2023-07-06 02:34', 'https://www.reddit.com/r/conspiracy/comments/14rscgq/everything_has_been_a_setup_for_the_financial/jqtuz26/', 'I have a theory on how they get the majority of US citizens to willingly sign up and link their accounts to the CBDC - this be the will end of cash society as we know it and establish a US social credit system. \n\nThere will be another "something", i.e. pandemic, etc. and the government will give out large stimulus checks, but this time you can get your stimulus in a very short period of time (1-2 days) if you sign up and link all of your life to the Fed CBDC site if you don\'t you will receive a paper check in 6-9 months. If this was proposed and the amount was large enough and people were financially hurting the majority of America would willingly sign up.', '14rscgq']]], ['u/Shiratori-3', "BlackRock CEO Larry Fink sees bitcoin as 'digitizing gold'", 16, '2023-07-06 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14rsjdm/blackrock_ceo_larry_fink_sees_bitcoin_as/', 'Turntables!', 'https://www.theblock.co/post/237978/blackrock-ceo-larry-fink-sees-bitcoin-as-digitizing-gold', '14rsjdm', [['u/Probably_notabot', 11, '2023-07-06 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14rsjdm/blackrock_ceo_larry_fink_sees_bitcoin_as/jqtuy9p/', 'He’ll say anything to get his ETF approved. Institutional FOMO achieved.', '14rsjdm']]], ['u/dibcompany', 'Best idea ever for Pulsechain marketing!!!', 12, '2023-07-06 04:52', 'https://www.reddit.com/r/Pulsechain/comments/14rvqet/best_idea_ever_for_pulsechain_marketing/', "TLTR: Make WBTC price on pulsechain go skyrocket. Like more than the actual BTC price.\n\nCurrently, the excitement is DEAD. We need to bring back the excitement which will bring new comers. Like RH said price going up is the best marketing any coin can have. BTC is still the king of crypto. Think about it, media will have frenzy if WBTC on pulse went up to let's say $60000. Not only that anyone that has any interest in crypto will hear about it. I am not talking about price flashing up and right down but WBTC on pulse going up and staying up there.\n\nAs long as the price of WBTC on pulse stays up way above BTC price, media, youtubers, social media, word of mouth marketing will go off the charts. I mean this could be the greatest pumpamental in the history of crypto. When this happens none hexicans will have great interest in Pulsechain and pulsechain awareness will also go off the charts. Network effect to the max!!!\n\nBTC currently has market value of 600 billion, how da heck can we make WBTC on pulse have higher price than BTC? I must be crazy right? NO. Biggest difference is WBTC on pulse has total of 154,410. This number is set and will never increase. That number is less than 1% of BTC's total. Also WBTC's price is less than 0.3% of the BTC price. Richard can easily accumulate the cheap WBTC and once the small numbers are in circulation, he can pump by buying at high or using farm.\n\nThis I believe is totally doable with less than $100 million liquidity. There's only 5000 wallets that hold WBTC, 99% will sell during the pump.\n\nIf he does this, this will do great things for the whole ecosystem. We can all be rich!!! lol. What you guys think?", 'https://www.reddit.com/r/Pulsechain/comments/14rvqet/best_idea_ever_for_pulsechain_marketing/', '14rvqet', [['u/Day3Hexican', 24, '2023-07-06 04:58', 'https://www.reddit.com/r/Pulsechain/comments/14rvqet/best_idea_ever_for_pulsechain_marketing/jqucrno/', 'Tell me you bought WBTC without telling me you bought WBTC', '14rvqet']]], ['u/brotheralbania', 'Hit the jackpot today everyone. Three working 2080ti for $300', 4485, '2023-07-06 05:19', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/', 'Lady on Facebook market place posted them with very little knowledge of their worth. Told her they were worth alot more than she was asking for but she just wanted them sold. Two are OEM Dell but still work great. My theory is someone close to her wanted to do bitcoin mining and got in over their head and gave up. Didnt pry too much, never look a gift horse in the mouth i guess.', 'https://www.reddit.com/gallery/14rwcqb', '14rwcqb', [['u/The_Istrix', 572, '2023-07-06 05:23', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqufmk2/', "Score, if they're solid", '14rwcqb'], ['u/lkl34', 346, '2023-07-06 05:23', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqufn6s/', 'daammm \n\n\n\nGood on you trying your best to tell there worth but in the end its up to the seller for the price. \n\n\n\nSo are you keeping one flipping 2? the non dell one looks like its still new', '14rwcqb'], ['u/brotheralbania', 446, '2023-07-06 05:24', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquft4j/', 'Tested them on rd2 on ultra for about 20 mins each. Worked like a dream.', '14rwcqb'], ['u/brotheralbania', 485, '2023-07-06 05:25', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqufx90/', 'I have a 3080ti so not much use for my set up but i plan to give them as gifts.', '14rwcqb'], ['u/ShawnBawn88', 45, '2023-07-06 05:34', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqugwb1/', "That is sick! I've been looking for a founders 2080 ti for ages. Great find.", '14rwcqb'], ['u/Both_Development_486', 167, '2023-07-06 05:36', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquh2c2/', 'Good man', '14rwcqb'], ['u/lkl34', 40, '2023-07-06 05:57', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqujbnj/', 'i second that', '14rwcqb'], ['u/The_Istrix', 154, '2023-07-06 06:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqulal7/', 'Score indeed', '14rwcqb'], ['u/djjolly037', 33, '2023-07-06 07:03', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqupsti/', 'If I was ok giving Reddit money, you would absolutely get an award from me', '14rwcqb'], ['u/Overall_Strawberry70', 1033, '2023-07-06 07:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqur1ls/', 'I can tell you exactly what happened, the lady was a landlord and one of her tenants was a crypto bro who decided to quit his job and mine "full-time", eth became no-longer minable and every other alt coin tanked so he dipped and she\'s selling his mining equipment after changing the locks.', '14rwcqb'], ['u/brotheralbania', 593, '2023-07-06 07:18', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqur64k/', 'That is very specific but honestly makes sense lol', '14rwcqb'], ['u/Overall_Strawberry70', 258, '2023-07-06 07:28', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqus1wr/', "Because i've seen it happen multiple times, all the crypto bros thought RVN coin was going to be the next ETH and when that never happened my local market got absolutely FLOODED with mining rigs no-one wanted. I kinda made the same mistake myself thinking that ETH was going to go up in value after mining got shut off but I also wasn't an idiot and YOLO'd my entire savings on GPU's like some people did.", '14rwcqb'], ['u/TakeyaSaito', 14, '2023-07-06 07:40', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqut55y/', "Eh, here in the UK that's about the price u'd expect 2nd hand.", '14rwcqb'], ['u/brotheralbania', 25, '2023-07-06 07:46', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqutnwj/', 'You werent kidding. Just check fb marketplace for bishop stortford (have family there). Even with conversion rate its much cheaper. Man the used prices here in U.S suck.', '14rwcqb'], ['u/Delareh', 36, '2023-07-06 08:57', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquzfk6/', 'Man, why dont cards look like this? They look so beautiful. Is the blower really that bad? I really loved the AMD 5000 series stock card too.', '14rwcqb'], ['u/ExplodingFistz', 11, '2023-07-06 09:00', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquzlul/', 'Nice. Now make an SLI build', '14rwcqb'], ['u/Wacky_Network', 21, '2023-07-06 09:06', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv05ai/', 'its okay just post an image of one like everyone else who also doesnt want to give reddit money which if its the silver one it would be of more value since its bigger than an actual silver reward', '14rwcqb'], ['u/Talib_Dota', 13, '2023-07-06 09:10', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv0egb/', 'Thank you bro', '14rwcqb'], ['u/Nika299p', 57, '2023-07-06 09:49', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv3am4/', 'even one 2080 ti is worth 300$ on the used market, 3 for 300$? that was super lucky!', '14rwcqb'], ['u/WukongOTP123', 15, '2023-07-06 10:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv5940/', 'three 2080ti for $300? so $100 for each or $300 for each?', '14rwcqb'], ['u/Akuno-', 29, '2023-07-06 10:42', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv74ta/', 'Yes, blower fans are not great at cooling and awfully loud. they have their place but no longer in the general consumer marked.', '14rwcqb'], ['u/For_the_Gayness', 28, '2023-07-06 11:03', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv8lk0/', 'But ignorant me here, how do you test a card? Just run a few game/ app?', '14rwcqb'], ['u/Kenz0wuntaps', 53, '2023-07-06 11:11', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv97rx/', 'You can run benchmarks for maybe 5-10 times and test some games also', '14rwcqb'], ['u/Booyakasha_', 21, '2023-07-06 11:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9kgf/', 'Little tip, never tell the seller you made a deal of a lifetime with him. He wont feel so good after that message.', '14rwcqb'], ['u/sortabanana', 14, '2023-07-06 11:17', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9lry/', 'I think they mean $300 for all of them. $300 for one is a scam, they’re $200 on Ebay', '14rwcqb'], ['u/sortabanana', 16, '2023-07-06 11:18', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9ns4/', 'I’m finding ones for $200 on eBay, but still half off!', '14rwcqb'], ['u/stonehearthed', 2267, '2023-07-06 11:19', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9rgd/', '\n\nhttps://preview.redd.it/8v0iyulcbbab1.jpeg?width=400&format=pjpg&auto=webp&v=enabled&s=a4d070186302e9716ae06036fd0992a09b2abff2', '14rwcqb'], ['u/Trym_WS', 43, '2023-07-06 11:24', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqva4ft/', 'Yeah, you use it. Preferably in a way that stresses it to the max.\n\nSo playing games or stress tests for an extended period of time, usually while monitoring temps, clocks, etc.', '14rwcqb'], ['u/OGBRedditThrowaway', 16, '2023-07-06 11:43', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvbhlp/', 'They\'re basically hair dryers attached to GPUs and when has anyone ever said, "Man, that\'s an awfully quiet hair dryer you have!"', '14rwcqb'], ['u/Equal_Egg_5023', 67, '2023-07-06 11:49', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvby8h/', '"how do I know?" \\camera pans out "that crypto-bro was me" \\throws jacket over shoulder and hitchhikes into the sunset while Bon Jovi plays - end credits.', '14rwcqb'], ['u/FastFaps15', 30, '2023-07-06 11:56', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvch1h/', 'Some lady sold GPUs worth nearly 500 bucks for 100 apiece but knows enough about computers to disassemble them and sell the parts for profit?', '14rwcqb'], ['u/HomeCalendar36', 19, '2023-07-06 12:21', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvefsz/', 'Americans are so lucky with GPU prices. Cheapest second hand ones I can find are the equivalent of $320', '14rwcqb'], ['u/Self_Blumpkin', 13, '2023-07-06 12:26', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqveuou/', 'He just means “gimmie cheap GPU upgrade plz”', '14rwcqb'], ['u/SalsaRice', 17, '2023-07-06 12:35', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvfj50/', "To be fair, it's not hard to take apart. As long as she knows how to Google, there's a ton of youtube videos that show the process", '14rwcqb'], ['u/mmmfritz', 50, '2023-07-06 12:39', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvfv68/', 'Yeah a few mates got burned on asic miners, 4 grand each for what now costs peanuts.\n\nAnyone can tell you it’s a race to the bottom when it’s so popular. \n\nI wanted to sell antminers… :/', '14rwcqb'], ['u/FastFaps15', 22, '2023-07-06 12:51', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvgybu/', "Sure, if she even knows what a GPU is and thus what to Google in the first place. And if she can figure that out, surely she can figure out that she's ripping herself off.\n\nThen again, if she's got money, the difference between selling them for $300 vs $1000+ might be trivial enough not to be worth the effort.", '14rwcqb'], ['u/toospie', 21, '2023-07-06 12:58', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvhlkt/', 'Probably just never assembled in the first place', '14rwcqb'], ['u/matiegaming', 19, '2023-07-06 13:11', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqviqb1/', 'lmao you cant be serious', '14rwcqb'], ['u/Robinnn03', 24, '2023-07-06 13:11', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqviqf3/', "It's not what happened. The landlord owns the house/apartment but not anything inside of the house, if the tenant was evicted due to not paying rent or something else she has to give him all of his stuff back.\n\nFun story though.", '14rwcqb'], ['u/DontFuckWithMyMoney', 54, '2023-07-06 13:24', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvjx0q/', 'Everyone into crypto is a grifter looking for a quick buck by definition', '14rwcqb'], ['u/skater6442', 34, '2023-07-06 13:26', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvk3tv/', 'Marketplace is awesome, I picked up a Evga 3080 for 150 that “didn’t work” but was still under warranty. I sent it in for an RMA yesterday so next week I’ll have a fully functional 3080 ftw3 for $150.', '14rwcqb'], ['u/WallPaintings', 11, '2023-07-06 13:52', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvmq31/', "Not in the early days, some old school people like myself really believed it was a revolutionary new system of payment. I mean I could buy drugs that were relatively good, from an account with reviews and the worst thing that could happen to me was I would lose my money.\n\nAlso it gave an electronic system of banking with a stable currency compared to many like the Bolivar to people who otherwise didn't have it. It wasn't ever really meant to be for developed countries, but noone really got that.\n\nThen they did BCH like they did and yeah, it's all about getting rich quick now. I think 2017 was the turning point. I'm probably going to sell my last 21 or so BTC during the next bubble and I never thought I would.", '14rwcqb'], ['u/RhynoD', 12, '2023-07-06 13:53', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvmv3z/', 'Not all of them. Some of them are just gullible idiots.', '14rwcqb'], ['u/marcxx04', 487, '2023-07-06 13:53', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvmvtf/', 'reasonable specs you got there, sir.', '14rwcqb'], ['u/Potato_DudeIsNice', 40, '2023-07-06 13:59', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvngvp/', 'Bro got that powerplant psu', '14rwcqb'], ['u/RandomnessConfirmed2', 24, '2023-07-06 14:07', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvocs4/', 'May I ask why you were so cheap and went with the 15980? The 15980KS Ultra is so much better, especially with its generous 600W of power.', '14rwcqb'], ['u/Rubfer', 10, '2023-07-06 14:07', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvoe9i/', "Not just gpus, but used market and thrift stores in general, it's their huge market size doing its thing and people will often try to undercut others and the more you have, the cheaper it gets. \n\n\nStill, you can always get lucky no matter where you live: \nHere in Portugal the used market its so limited that people do not need to undercut others so it's often better to just buy new since the difference between used and new can often be minimal... But even i managed to score a 3090 for 500€ from a miner who just wanted to get rid of his stuff in a time when most used 3090 i saw still costed over 900€", '14rwcqb'], ['u/Patient_Reaction9768', 111, '2023-07-06 14:10', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvomc2/', 'How do you mark your specs like that? I built a PC like 4 days ago and I could put them there now.', '14rwcqb'], ['u/marcxx04', 72, '2023-07-06 14:13', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvoyq5/', 'Go to the main page of the subreddit, click the 3 dots on the top right. Go to flairs, click edit and replace it with your own :)', '14rwcqb'], ['u/CelerMortis', 15, '2023-07-06 14:15', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvp5wf/', 'Tenants abandon property all the time in rentals. Even valuable stuff. Probably didn’t pay rent for 6 months and thought “I guess this makes us even”', '14rwcqb'], ['u/Fortyplusfour', 15, '2023-07-06 14:21', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvpual/', 'Definitely not, but OP told her beforehand.', '14rwcqb'], ['u/__SpeedRacer__', 47, '2023-07-06 14:22', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvq04t/', '>with your own\n\nOr an exaggeration thereof.', '14rwcqb'], ['u/monsieurlee', 13, '2023-07-06 14:43', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvsckx/', 'Months before the ETH switchover, when people are slowing selling off their gears to get out, I remember all these posts mocking the people selling their gears, saying how mining will always be around and there will always be something to mine and how RVN is next and they were buying up gears from the "sucker" to expand their operation for RVN.\n\nGod I would pay some dead crypto just to see those people\'s faces right now.', '14rwcqb'], ['u/TheGeekno72', 11, '2023-07-06 16:32', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqw6vq5/', 'As long as you can flex... :clueless:', '14rwcqb'], ['u/Dave-1281', 17, '2023-07-06 20:59', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqxc6ro/', "I just realised that this feature finnaly works on the phone reddit app\n(Yes that's my pc)", '14rwcqb'], ['u/Responsible-Dish-297', 12, '2023-07-06 22:53', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqxu0iv/', 'Ngl that machine will ironically survive the apocalypse.', '14rwcqb']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, July 06, 2023', 25, '2023-07-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/', '14rx8fq', [['u/californiaschinken', 10, '2023-07-06 10:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqv4dlw/', "Don't be surprised if nothing happens for a while. Right now the most important meeting will be the NATO summit on 11 and 12 of July. Maybe something will happen until then but most players will wait to see if there s a big black swan on horizon. I wonder if the CEO of blackrock knows anything of the events ahead. They play good poker that s for sure. Last time Jamie Dimon said he will fire anyone trading btc (and btc went more than 20 % down) they were actually filling the bags.", '14rx8fq'], ['u/venderil', 15, '2023-07-06 10:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqv86b6/', 'Probably nothing.', '14rx8fq'], ['u/NativeSkill', 16, '2023-07-06 11:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqv8xy5/', 'The good old "Green Middle Finger to bears" pattern! Love it.', '14rx8fq'], ['u/viralhysteria', 13, '2023-07-06 14:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqvrhzd/', "Starting to feel pretty good about taking the last three weeks off. This price action is pretty hilarious and predatory as hell. \n\nwe're just smacking into avwap like clockwork, don't see any reason to freak out unless that starts failing. \nhttps://i.imgur.com/4W9rULq.png \n\nsupposedly we have sophisticated players entering the market and from what I've learned over the last year, most of these players watch avwap levels (at least that's what Brian claims) \n\nwe're pretty close to breaching avwap form covid lows \nhttps://i.imgur.com/aJ9RlFp.png \n\nsee you in august 👋 \n\nupdate: don't let the institutions steal your coins \nhttps://i.imgur.com/rgbLiiw.png", '14rx8fq'], ['u/EricFromOuterSpace', 12, '2023-07-06 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqw01r8/', 'Imagine my surprise to wake up and find the price at 30k.', '14rx8fq'], ['u/Had_Boating_Accident', 16, '2023-07-06 16:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqw8re9/', "I have no idea what's going on\n\n- Towelie", '14rx8fq'], ['u/dopeboyrico', 12, '2023-07-06 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqw99zp/', 'Higher high for the range over the past 2 weeks (which is also a new YTD high at $31.4k) and also a move towards the bottom of the range but a failure to make a lower low currently at $29.6k.\n\nShakeout before the breakout?', '14rx8fq'], ['u/Magikarpeles', 22, '2023-07-06 16:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwawqs/', "That's it guys, failed to pump immediately after the 4th of July so it's game over forever. Everyone can go home now. Bitcoin over.", '14rx8fq'], ['u/Magikarpeles', 10, '2023-07-06 17:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwb7lr/', 'You wana get high?', '14rx8fq'], ['u/AccidentalArbitrage', 16, '2023-07-06 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwkcsx/', 'Your posts have been absolutely nailing local bottoms lately mate.\n\nKeep up the good work 👍', '14rx8fq'], ['u/BootyPoppinPanda', 11, '2023-07-06 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwmmdt/', 'We can now safely say Wardser was right', '14rx8fq'], ['u/VictorCobra', 23, '2023-07-06 18:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwql4d/', 'You’re like not even a real planet anymore, bruh.', '14rx8fq'], ['u/imissusenet', 21, '2023-07-06 18:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwqz20/', "I was told going under $30K was not happening. I'd like to file a complaint.", '14rx8fq'], ['u/Had_Boating_Accident', 13, '2023-07-06 18:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwresc/', 'This is the Bitcoin CEO. How can I help you?', '14rx8fq'], ['u/pluto098', 12, '2023-07-06 20:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqx7oed/', '😭take that back', '14rx8fq']]], ['u/jershammah', '$300 to $3000 in 10 days', 199, '2023-07-06 06:26', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/', 'Then took out $500 and made it to $5,200 equity by day 20 (still holding on to slightly underwater btc buys)\n\nMostly with scalping gold!', 'https://i.redd.it/of56ts41v9ab1.jpg', '14rxss5', [['u/dasmond007', 27, '2023-07-06 07:05', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jquq0yh/', "such gains on such capital indicating no risk management was considered. in long-term, once market will hit you it'll be nearly a washout", '14rxss5'], ['u/jershammah', 19, '2023-07-06 07:37', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqusubj/', 'Or I wait for the right setup with small stop losses 🤔', '14rxss5'], ['u/som1sumwr', 39, '2023-07-06 09:31', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv1z5a/', 'If it looks stupid but works, it aint stupid.', '14rxss5'], ['u/DryTwo2032', 30, '2023-07-06 09:56', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv3udd/', 'Idk why ppl always make such statement.\nUsing small capital is a form of bankroll control, which is risk management🤷\u200d♂️\nI trade with few different accounts with different trading style and setup, just cuz I blow one of my smallest account with an aggressive strategy doesn’t mean there’s no risk management involved.', '14rxss5'], ['u/IudMG', 16, '2023-07-06 10:35', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv6kmc/', 'Wtf? 1K½ of commission? Is your broker robbing you on bright day light', '14rxss5'], ['u/MyDogsNameIsBlaze1', 142, '2023-07-06 10:47', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv7hl4/', 'Nice mate. If you want, I can show you how to turn $3000 into $1 in 1 day. Lemme know.', '14rxss5'], ['u/ParticularSoggy1162', 11, '2023-07-06 12:09', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqvdgvk/', "Don't listen to the negativity on this thread.. I also trade like that small stop loss, with big lots. I risk 1 percent of my acc on each trade so I might lose it with a small stop loss very easy but my gains are covering it wayyyy more!!", '14rxss5'], ['u/MyDogsNameIsBlaze1', 29, '2023-07-06 12:19', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqveb75/', 'Nice bro. My course provides mental instability.', '14rxss5'], ['u/BarracudaRelevant837', 13, '2023-07-06 13:04', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqvi2b1/', 'I already got a masters in it', '14rxss5'], ['u/RelativeSaltIndex', 12, '2023-07-06 14:32', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqvr31d/', 'with risk management to get from 300 to 3k in 10 days, Im sure he wont need your tips, he will do it himself.', '14rxss5']]], ['u/MikeyX1234141', 'Celsius moves Altcoins, prepares to sell', 15, '2023-07-06 07:22', 'https://www.reddit.com/r/CelsiusNetwork/comments/14ryzt3/celsius_moves_altcoins_prepares_to_sell/', ' Celsius moves Altcoins, prepares to sell to BTC and ETH? \n \n\nEarly this morning, Celsius Network started moving about $74M Altcoins & Stablecoins to new, still unsold wallets \n \n\nTransferred altcoins include LINK, CEL, AAVE, SNX, UNI, ZRX,..., and stablecoins like BUSD, USDC, USDT,... \n \n\nhttps://preview.redd.it/4jm765xz4aab1.png?width=993&format=png&auto=webp&s=ee9a823502a423c58c71fe3f1ec777ae04cf506f', 'https://www.reddit.com/r/CelsiusNetwork/comments/14ryzt3/celsius_moves_altcoins_prepares_to_sell/', '14ryzt3', [['u/BodybuilderSalt9807', 22, '2023-07-06 08:12', 'https://www.reddit.com/r/CelsiusNetwork/comments/14ryzt3/celsius_moves_altcoins_prepares_to_sell/jquvtzg/', 'Mother fuckers should be moving these coins not to an exchange to sell - they should be moving what little there is to the rightful owners. Everyone scammed by them would appreciate a fraction of actual crypto back. \n\nFuckinsky can’t wait be see the village pitchfork driven right into your chest.', '14ryzt3']]], ['u/dumptruxxx', 'Top 1000 HC list for statue not accurate', 1466, '2023-07-06 07:51', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/', "I achieved level 100 (HC) on June 10th in the top 100ish players and tweeted correctly, but my battletag was not included on the top 1000 list released today July 5th by Blizzard. I see many of my friends/guildmates who I grouped with that also reached level 100 on the list. I made the same tweet as them. We were all in discord together and did it very carefully.\n\nHopefully Blizzard can get this fixed, all of the players who were competing for this put in so many hours with the goal in mind to be on the statue. Even if some of us don't make it on the final list, hopefully they get as many as possible on the statue.\n\nHere is a link to the tweet that I made on June 10th that meets all of the requirements.\n\nhttps://twitter.com/NobodyNowhere10/status/1667758447612534784\n\nHere is my friend's tweet, he also wasn't included on the top 1000 list for the statue:\n\nhttps://twitter.com/MistrAmazing/status/1667899916100997122\n\nI wonder how many other people this has happened to.\n\nEDIT: Apparently it has happened to a lot of people, Asmongold made a video about it https://www.youtube.com/watch?v=-VT1CIk49Pk\n\nEDIT2: I am going to include tweets from any other players this happened to, add yours in the comments if you want me to include yours:\n\nhttps://twitter.com/rhoxxxxx/status/1667154847466913792\n\nhttps://twitter.com/oogi3boogi3/status/1667976762578419715\n\nhttps://twitter.com/meantnt_/status/1668295343262294019\n\nhttps://twitter.com/Rakin/status/1666680893321142274\n\nhttps://twitter.com/MardukHS/status/1666749688588976130\n\nhttps://twitter.com/Thepaleginger89/status/1667472219033747458\n\nhttps://twitter.com/DjMontague/status/1669995161663983617\n\nhttps://twitter.com/wo1f_GG/status/1667441036178894848\n\nhttps://twitter.com/mitchstreet1987/status/1670004329074368514\n\nhttps://twitter.com/CravingJoe/status/1670062436894887937\n\nhttps://twitter.com/vanilla1337/status/1668907267058540546\n\nhttps://twitter.com/L1mppan/status/1667968640283443205\n\nhttps://twitter.com/MarkusReppi/status/1668991877754880004\n\nhttps://twitter.com/_Djoula/status/1666609216965017601\n\nhttps://twitter.com/ArchaicDemonTTV/status/1669979182602809347\n\nhttps://twitter.com/Dedzio/status/1669816940720693248\n\nhttps://twitter.com/Cody_Bitcoin/status/1667959382150197251\n\nhttps://twitter.com/CjBoyGenius/status/1667353262268248064\n\nhttps://twitter.com/NemoNewLeaf/status/1669773053746708491\n\nhttps://twitter.com/JimmyVitamins/status/1668649434815639552\n\nhttps://twitter.com/Lawbster_/status/1668828112715411457\n\nhttps://twitter.com/Keane42069/status/1667757824271687682\n\nhttps://twitter.com/Teetoew1/status/1670725973715582976\n\nhttps://twitter.com/Heyashi_1337/status/1670174616537509889\n\nhttps://twitter.com/TKoziki/status/1667844907678191618\n\nhttps://twitter.com/UncleMumble/status/1668651334743228416\n\nhttps://twitter.com/acidphantasm/status/1668560284133347328\n\nhttps://twitter.com/OmniZyr0s/status/1670067211711438848\n\nhttps://twitter.com/Go_ohn/status/1668948320146817026\n\nhttps://twitter.com/riebready/status/1668159476044648448\n\nhttps://twitter.com/Sildreon/status/1670774533068922880\n\nhttps://twitter.com/TheHu7cH/status/1669890346304643074\n\nhttps://twitter.com/keaarori/status/1670173183092092930\n\nhttps://twitter.com/Fearless__619/status/1670312674759172097\n\nhttps://twitter.com/normander01/status/1668027950749347840\n\nhttps://twitter.com/nicer00ster/status/1669898279176290304\n\nhttps://twitter.com/backitches/status/1669806103394148353\n\nhttps://twitter.com/RyuujinHitaku/status/1670825827511197696\n\nhttps://twitter.com/GobulZen/status/1667536878084538368\n\nhttps://twitter.com/4TVV0/status/1667068170530705408\n\nUsers who corrected their tweets later on:\n\nhttps://twitter.com/NekroXIII/status/1668403407244099586\n\nhttps://twitter.com/NekroXIII/status/1671681960735801346\n\nhttps://twitter.com/asystem3rror/status/1667930897436274689\n\nhttps://twitter.com/asystem3rror/status/1667831572366589953", 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/', '14rzlaj', [['u/gfarwell', 301, '2023-07-06 07:55', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jquuefx/', "Good luck getting this fixed -- hope it's just some simple error that can be addressed soon!", '14rzlaj'], ['u/dumptruxxx', 43, '2023-07-06 08:14', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jquw0a6/', 'Thank you good sir', '14rzlaj'], ['u/dumptruxxx', 10, '2023-07-06 09:38', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv2i0c/', '> https://twitter.com/mitchstreet1987/status/1670004329074368514\n\nAdded you to the list', '14rzlaj'], ['u/Thundercracker', 11, '2023-07-06 09:44', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv2xzr/', 'Dude, read the whole post. Gaming may be the one thing that brings him joy with the time he has left. Let him live his life on his terms.\n\nFind yourself an ounce of human compassion, please.', '14rzlaj'], ['u/rinleezwins', 227, '2023-07-06 10:18', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv5e74/', 'By any chance, could these people be disqualified by any of the below?\n\nEligible players are 18 years of age or older as, or the age of majority in the relevant jurisdiction, whichever is older of May 26, 2023; are not residents of Russia, Belarus, Cuba, Iran, the Democratic People’s Republic of Korea, Sudan, Crimea, Syria, and any other regions where restricted or prohibited by law; are not residents of the People’s Republic of China (which for the purpose of these rules, excludes Hong Kong, Macau, and Taiwan; maintain a Blizzard Battle.net account in good standing in compliance with all applicable terms and conditions at all times during the offer period; own a license to Diablo IV.', '14rzlaj'], ['u/SuBw00FeR37', 61, '2023-07-06 10:25', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv5x4l/', 'Blizzard wont care, 100% nothing happens from this.', '14rzlaj'], ['u/SereneSneha', 55, '2023-07-06 10:30', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv67xf/', "This is so sad, I hope it gets addressed soon!\n\nBut can't Blizzard just look up on the server side and pull the top 1000 than relying on screenshots like this? This whole manual process seems like it'll miss one person or another somewhere. \n\nI mean for the sake of interactions on Twitter or other socials they can ask people to tweet/tag them etc., but when the list gets finalized why not just pull from server? And if they did do that, then I have no idea how so many can be missing.", '14rzlaj'], ['u/12_yo_girl', 120, '2023-07-06 10:39', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv6uyv/', 'Ahhhhh AND Taiwan. Didn’t know Blizzard resolved The Taiwan Question.', '14rzlaj'], ['u/zeroskill99', 16, '2023-07-06 10:57', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv87u1/', 'How can u know u were in the top100/1000? 3rd party websites doesnt count i guess it can contain partial / only eu/usa etc data .. i guess only blizz can check by logs.', '14rzlaj'], ['u/zibitee', 23, '2023-07-06 11:02', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv8j76/', "So Hong Kong, Macau, and Taiwan aren't a part of the PROC again? Blizzard just keeps flip flopping!", '14rzlaj'], ['u/ShaqShoes', 12, '2023-07-06 11:14', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv9er7/', 'Whoever was responsible also could have just fucked up the list', '14rzlaj'], ['u/TheSeth256', 15, '2023-07-06 11:21', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv9v1x/', 'You can see that players who are included in the official Blizzard list submitted their posts later.', '14rzlaj'], ['u/ichlehneab', 70, '2023-07-06 11:43', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvbhz0/', 'Lol getting on a list with a name like xlegendx', '14rzlaj'], ['u/whats_my_login', 21, '2023-07-06 11:44', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvbldo/', "No, what they mean is... \n\nLet's say Steve got to 100 HC on June 10th, and tweeted it. Bob got to 100 HC on June 15th, and tweeted too. If Bob is on the list, Steve should also be on the list.", '14rzlaj'], ['u/rinleezwins', 24, '2023-07-06 11:49', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvby00/', 'You\'re asking for a lot. They have like 4 community/social staff on the team(at least 4 I can see as "blizzard representative" on the discord, potentially more?) and I\'ve never seen anything posted by them other than the occasional hotfix patch notes.', '14rzlaj'], ['u/sylfy', 16, '2023-07-06 12:21', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvef25/', 'Is it really that hard to read the fine print? Everyone knows that there’s always fine print attached to these online contests. Most online contests don’t even apply to people outside of the US or NA. This is common sense.', '14rzlaj'], ['u/klod91', 38, '2023-07-06 12:32', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvfcsr/', 'Man those gold sellers are sure gona be happy about all dem battle tags.', '14rzlaj'], ['u/Youre_On_Balon', 70, '2023-07-06 12:42', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvg4rd/', 'I think it says that china does not include Taiwan for purposes of the rule actually', '14rzlaj'], ['u/MonsieurBourse', 24, '2023-07-06 12:42', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvg7hc/', 'His battlenet seems to be xlegendx as well.', '14rzlaj'], ['u/Madyline', 203, '2023-07-06 12:44', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvgb5s/', 'Maybe blizzard ran out of twitter views and cant see them anymore', '14rzlaj'], ['u/Papapain', 94, '20... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell below the US$30,000 support line in Friday morning trading in Asia as traders took profits amid worries about interest rate hikes in U.S. markets that drove investors into so-called risk-off mode, which pulled equities lower. Ether fell along with most other top 10 non-stablecoin tokens. Solana dodged the bearish sentiment to jump more than 6%. Despite the declines, the cryptocurrency Fear & Greed Index stands in the Greed territory at 56, as institutional interest in Bitcoin looks solid. Losing ground Bitcoin fell 1.88% over the last 24 hours to US$29,919 at 07:20 a.m. in Hong Kong to post a loss of 1.68% for the past seven days, according to data from CoinMarketCap. The world\x92s leading cryptocurrency reached US$31,399 on Thursday night, the highest in 13 months. \x93With strong economic data in the US, good earning expectations and employment data in the private sector, investors are seeing increasing chances of further rate hikes; bond yields rose while equity indexes fell sharply,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market-maker Keyrock . \x93The broad sell-off in risk assets undoubtedly affected crypto traders\x92 sentiment and new highs were seen as a profit-taking opportunity, rather than a chance to go long and hope for even higher prices,\x94 d\x92Anethan said. Large financial institutions show increasing interest in Bitcoin, according to the Bitcoin Monthly June 2023 Report by asset manager Ark Invest on Thursday, which highlighted the balance of Bitcoin held on over-the-counter (OTC) desks, a proxy for institutional activity, hitting a one-year high in late June. \x93By the end of the quarter, the OTC Bitcoin balance had increased by 60% sequentially,\x94 Ark Invest wrote in the report, which suggests \x93institutions and other large capital allocators are focused increasingly on Bitcoin.\x94 Ether fell 3.13% to US$1,851, leaving it flat for the week. The token reached a high of US$1,956 on Thursday evening, but soon lost ground as investors took profits. Story continues Most other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours, with the exception of Solana\x92s SOL and Tron\x92s TRX. Solana jumped 6.48% to US$20.12, moving up 12.52% for the week. The token breached the US$20 resistance level on Thursday evening for the first time since June 7 as sentiment received a boost from a partnership between Coca-Cola Serbia and Solana\x92s non-fungible token (NFT) platform SolSea. The two will launch Coca-Cola brand NFTs at the Exit Festival in Serbia from July 6 to 9. The total cryptocurrency market cap fell 1.45% to US$1.17 trillion in the last 24 hours, while crypto trading volume rose 37.62% to US$43.26 billion, according to CoinMarketCap data. Forkast 500 NFT index dips The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dipped 0.38% in the 24 hours to 11:15 a.m. in Hong Kong to 2,774.37, down 2.73% for the week. The two Forkast indexes measuring the performance of Solana and Cardano NFT markets logged increases. Bored Ape Yacht Club (BAYC) led collections by trading volumes, which rose 19.85% to US$3.49 million. Mutant Ape Yach Club (MAYC) and Azuki ranked second and third. \x93The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. The floor price of BAYC edged up 0.6% in the past 24 hours to 30.95 ETH (US$57,477), according to data from CoinGecko, while MAYC and Azuki dipped 1.5% and 3.2% over the same period. However, the three tokens are still holding two-digit losses for the past seven days. Despite the low price opportunities, a lack of liquidity is keeping investors away from the market, according to Petscher, who said \x93traders are openly discussing having no liquidity and no plans to take advantage of historically low prices across blockchains.\x94 Blur, the leading NFT marketplace, launched its version 2 trading platform on Thursday, which introduced a 50% cut in gas fees and a new \x93trait bidding\x94 feature, which allows traders to bid on specific NFT traits rather than collections and receive Blur reward points. However, the update doesn\x92t appear to be attracting traders. According to data from blockchain aggregator DefiLlama , the total value locked on Blur was US$134.96 million on Friday, down from 155.68 million on Wednesday. \x93There\x92s also talk of ETH being withdrawn from Blur\x92s ETH pool as some of the biggest points farmers are upset with the ongoing Season 2 of farming,\x94 said Petscher. Blur announced its Season 2 of farming in February and said it would distribute over 300 million Blur tokens as rewards for bidding, listing, lending and other activities in the marketplaces. Good news is bad news (again) for U.S. equities Image: Getty Images U.S. stock futures traded lower as of 14:00 p.m. in Hong Kong, according to data from CNN . The three major U.S. indexes also fell in the regular Thursday session. Most main Stock indexes across Asia also tumbled on Friday, with Hong Kong\x92s Hang Seng , South Korea\x92s Kospi and Japan\x92s Nikkei all sliding. China\x92s Shanghai Composite Index edged up. Economic indicators out in the U.S. overnight showed increases in private sector jobs and pay, according to the ADP National Employment Report published . The payroll increase is more than double the analysts\x92 expectation of 228,000, Reuters reported on Thursday, despite the Federal Reserve\x92s monetary tightening campaign. The U.S. services\xa0 purchasing managers\x92 index (PMI) rose to 53.9 in June, according to the Institute for Supply Management on Thursday, which beats Reuters\x92 projection of 51. A reading above 50 indicates expansion, below 50 a contraction. The data added to concerns that the Federal Reserve will continue its campaign of raising rates and holding them higher for longer periods to tackle inflation. The Fed meets on July 26 to make its next decision on interest rates, after leaving them unchanged in June at between 5% and 5.25%. The CME FedWatch Tool predicts a 92.4% chance for a 25-basis-point rate increase, up from 88.7% on Thursday. The likelihood the Fed won\x92t increase is now at just 7.6%. Investors are now waiting for the U.S. government\x92s employment report on Friday, with economists polled by the Wall Street Journal projecting the U.S. economy added 240,000 jobs in June, down from 339,000 in May. (Updates with NFT and equity sections.)', 'Bitcoin fell below the US$30,000 support line in Friday morning trading in Asia as traders took profits amid worries about interest rate hikes in U.S. markets that drove investors into so-called risk-off mode, which pulled equities lower. Ether fell along with most other top 10 non-stablecoin tokens. Solana dodged the bearish sentiment to jump more than 6%. Despite the declines, the cryptocurrency Fear & Greed Index stands in the Greed territory at 56, as institutional interest in Bitcoin looks solid.\nBitcoin fell 1.88% over the last 24 hours to US$29,919 at 07:20 a.m. in Hong Kong to post a loss of 1.68% for the past seven days, according todatafrom CoinMarketCap. The world’s leading cryptocurrency reached US$31,399 on Thursday night, the highest in 13 months.\n“With strong economic data in the US, good earning expectations and employment data in the private sector, investors are seeing increasing chances of further rate hikes; bond yields rose while equity indexes fell sharply,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“The broad sell-off in risk assets undoubtedly affected crypto traders’ sentiment and new highs were seen as a profit-taking opportunity, rather than a chance to go long and hope for even higher prices,” d’Anethan said.\nLarge financial institutions show increasing interest in Bitcoin, according to theBitcoin Monthly June 2023 Reportby asset manager Ark Invest on Thursday, which highlighted the balance of Bitcoin held on over-the-counter (OTC) desks, a proxy for institutional activity, hitting a one-year high in late June.\n“By the end of the quarter, the OTC Bitcoin balance had increased by 60% sequentially,” Ark Invest wrote in the report, which suggests “institutions and other large capital allocators are focused increasingly on Bitcoin.”\nEther fell 3.13% to US$1,851, leaving it flat for the week. The token reached a high of US$1,956 on Thursday evening, but soon lost ground as investors took profits.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours, with the exception of Solana’s SOL and Tron’s TRX.\nSolana jumped 6.48% to US$20.12, moving up 12.52% for the week. The token breached the US$20 resistance level on Thursday evening for the first time since June 7 as sentiment received a boost from apartnershipbetween Coca-Cola Serbia and Solana’s non-fungible token (NFT) platform SolSea. The two will launch Coca-Cola brand NFTs at theExit Festivalin Serbia from July 6 to 9.\nThe total cryptocurrency market cap fell 1.45% to US$1.17 trillion in the last 24 hours, while crypto trading volume rose 37.62% to US$43.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.38% in the 24 hours to 11:15 a.m. in Hong Kong to 2,774.37, down 2.73% for the week. The two Forkast indexes measuring the performance of Solana and Cardano NFT markets logged increases.\nBored Ape Yacht Club (BAYC) led collections by trading volumes, which rose 19.85% to US$3.49 million. Mutant Ape Yach Club (MAYC) and Azuki ranked second and third.\n“The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe floor price ofBAYCedged up 0.6% in the past 24 hours to 30.95 ETH (US$57,477), according to data from CoinGecko, whileMAYCandAzukidipped 1.5% and 3.2% over the same period. However, the three tokens are still holding two-digit losses for the past seven days.\nDespite the low price opportunities, a lack of liquidity is keeping investors away from the market,accordingto Petscher, who said “traders are openly discussing having no liquidity and no plans to take advantage of historically low prices across blockchains.”\nBlur, the leading NFT marketplace,launchedits version 2 trading platform on Thursday, which introduced a 50% cut in gas fees and a new “trait bidding” feature, which allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\nHowever, the update doesn’t appear to be attracting traders. According to data from blockchain aggregatorDefiLlama, the total value locked on Blur was US$134.96 million on Friday, down from 155.68 million on Wednesday.\n“There’s also talk of ETH being withdrawn from Blur’s ETH pool as some of the biggest pointsfarmersare upset with the ongoing Season 2 of farming,” said Petscher. Blurannouncedits Season 2 of farming in February and said it would distribute over 300 million Blur tokens as rewards for bidding, listing, lending and other activities in the marketplaces.\nU.S. stock futures traded lower as of 14:00 p.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also fell in the regular Thursday session.\nMost main Stock indexes across Asia also tumbled on Friday, with Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall sliding. China’sShanghai Composite Indexedged up.\nEconomic indicators out in the U.S. overnight showed increases in private sector jobs and pay, according to theADP National Employment Report published. The payroll increase is more than double the analysts’ expectation of 228,000, Reutersreportedon Thursday, despite the Federal Reserve’s monetary tightening campaign.\nTheU.S. services\xa0 purchasing managers’ index(PMI) rose to 53.9 in June, according to the Institute for Supply Management on Thursday, which beatsReuters’ projectionof 51. A reading above 50 indicates expansion, below 50 a contraction.\nThe data added to concerns that the Federal Reserve will continue its campaign of raising rates and holding them higher for longer periods to tackle inflation. The Fed meets on July 26 to make its next decision on interest rates, after leaving them unchanged in June at between 5% and 5.25%.\nTheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase, up from 88.7% on Thursday. The likelihood the Fed won’t increase is now at just 7.6%.\nInvestors are now waiting for the U.S. government’s employment report on Friday, with economists polled bythe Wall Street Journalprojecting the U.S. economy added 240,000 jobs in June, down from 339,000 in May.\n(Updates with NFT and equity sections.)', 'Bitcoin fell below the US$30,000 support line in Friday morning trading in Asia as traders took profits amid worries about interest rate hikes in U.S. markets that drove investors into so-called risk-off mode, which pulled equities lower. Ether fell along with most other top 10 non-stablecoin tokens. Solana dodged the bearish sentiment to jump more than 6%. Despite the declines, the cryptocurrency Fear & Greed Index stands in the Greed territory at 56, as institutional interest in Bitcoin looks solid.\nBitcoin fell 1.88% over the last 24 hours to US$29,919 at 07:20 a.m. in Hong Kong to post a loss of 1.68% for the past seven days, according todatafrom CoinMarketCap. The world’s leading cryptocurrency reached US$31,399 on Thursday night, the highest in 13 months.\n“With strong economic data in the US, good earning expectations and employment data in the private sector, investors are seeing increasing chances of further rate hikes; bond yields rose while equity indexes fell sharply,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“The broad sell-off in risk assets undoubtedly affected crypto traders’ sentiment and new highs were seen as a profit-taking opportunity, rather than a chance to go long and hope for even higher prices,” d’Anethan said.\nLarge financial institutions show increasing interest in Bitcoin, according to theBitcoin Monthly June 2023 Reportby asset manager Ark Invest on Thursday, which highlighted the balance of Bitcoin held on over-the-counter (OTC) desks, a proxy for institutional activity, hitting a one-year high in late June.\n“By the end of the quarter, the OTC Bitcoin balance had increased by 60% sequentially,” Ark Invest wrote in the report, which suggests “institutions and other large capital allocators are focused increasingly on Bitcoin.”\nEther fell 3.13% to US$1,851, leaving it flat for the week. The token reached a high of US$1,956 on Thursday evening, but soon lost ground as investors took profits.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours, with the exception of Solana’s SOL and Tron’s TRX.\nSolana jumped 6.48% to US$20.12, moving up 12.52% for the week. The token breached the US$20 resistance level on Thursday evening for the first time since June 7 as sentiment received a boost from apartnershipbetween Coca-Cola Serbia and Solana’s non-fungible token (NFT) platform SolSea. The two will launch Coca-Cola brand NFTs at theExit Festivalin Serbia from July 6 to 9.\nThe total cryptocurrency market cap fell 1.45% to US$1.17 trillion in the last 24 hours, while crypto trading volume rose 37.62% to US$43.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.38% in the 24 hours to 11:15 a.m. in Hong Kong to 2,774.37, down 2.73% for the week. The two Forkast indexes measuring the performance of Solana and Cardano NFT markets logged increases.\nBored Ape Yacht Club (BAYC) led collections by trading volumes, which rose 19.85% to US$3.49 million. Mutant Ape Yach Club (MAYC) and Azuki ranked second and third.\n“The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe floor price ofBAYCedged up 0.6% in the past 24 hours to 30.95 ETH (US$57,477), according to data from CoinGecko, whileMAYCandAzukidipped 1.5% and 3.2% over the same period. However, the three tokens are still holding two-digit losses for the past seven days.\nDespite the low price opportunities, a lack of liquidity is keeping investors away from the market,accordingto Petscher, who said “traders are openly discussing having no liquidity and no plans to take advantage of historically low prices across blockchains.”\nBlur, the leading NFT marketplace,launchedits version 2 trading platform on Thursday, which introduced a 50% cut in gas fees and a new “trait bidding” feature, which allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\nHowever, the update doesn’t appear to be attracting traders. According to data from blockchain aggregatorDefiLlama, the total value locked on Blur was US$134.96 million on Friday, down from 155.68 million on Wednesday.\n“There’s also talk of ETH being withdrawn from Blur’s ETH pool as some of the biggest pointsfarmersare upset with the ongoing Season 2 of farming,” said Petscher. Blurannouncedits Season 2 of farming in February and said it would distribute over 300 million Blur tokens as rewards for bidding, listing, lending and other activities in the marketplaces.\nU.S. stock futures traded lower as of 14:00 p.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also fell in the regular Thursday session.\nMost main Stock indexes across Asia also tumbled on Friday, with Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall sliding. China’sShanghai Composite Indexedged up.\nEconomic indicators out in the U.S. overnight showed increases in private sector jobs and pay, according to theADP National Employment Report published. The payroll increase is more than double the analysts’ expectation of 228,000, Reutersreportedon Thursday, despite the Federal Reserve’s monetary tightening campaign.\nTheU.S. services\xa0 purchasing managers’ index(PMI) rose to 53.9 in June, according to the Institute for Supply Management on Thursday, which beatsReuters’ projectionof 51. A reading above 50 indicates expansion, below 50 a contraction.\nThe data added to concerns that the Federal Reserve will continue its campaign of raising rates and holding them higher for longer periods to tackle inflation. The Fed meets on July 26 to make its next decision on interest rates, after leaving them unchanged in June at between 5% and 5.25%.\nTheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase, up from 88.7% on Thursday. The likelihood the Fed won’t increase is now at just 7.6%.\nInvestors are now waiting for the U.S. government’s employment report on Friday, with economists polled bythe Wall Street Journalprojecting the U.S. economy added 240,000 jobs in June, down from 339,000 in May.\n(Updates with NFT and equity sections.)', "ARK Invest: Institutional Investors Holding More Bitcoin Institutions and Other Major Capital Allocators Are Becoming More Interested in Bitcoin Institutional investors and long-term Bitcoin holders are displaying increased bullishness, with the balance of Bitcoin held on over-the-counter (OTC) desks hitting an all-time high. According to the monthly \x93earnings report\x94 published by ARK Invest, nearly 8,000 Bitcoins are held on these desks, indicating a 60% increase this quarter. According to Cathie Wood's ARK Invest, which utilizes OTC desks to represent institutional activity, the stated figures indicate that institutions and other major capital allocators are becoming more interested in Bitcoin. The report also points out that an all-time high of nearly 70% of the 19 million circulating supply of BTC has not changed in more than a year. In addition, the report displays 13 metrics for the Bitcoin network, 12 of which are bullish and only 2 of which are neutral. Grayscale's Bitcoin Trust has increased in value by twofold this year; its GBTC shares were trading at $8.65 at the beginning of the year and are now worth $20. ARK Invest recently refiled for a spot Bitcoin ETF application alongside 21Shares, and is believed to be the front-runner for a Bitcoin ETF, ahead of BlackRock and other asset managers.", "Institutional investors and long-termBitcoinholders are displaying increased bullishness, with the balance of Bitcoin held on over-the-counter (OTC) desks hitting an all-time high.\nAccording to the monthly “earnings report”publishedby ARK Invest, nearly 8,000 Bitcoins are held on these desks, indicating a 60% increase this quarter.\nAccording to Cathie Wood's ARK Invest, which utilizes OTC desks to represent institutional activity, the stated figures indicate that institutions and other major capital allocators are becoming more interested in Bitcoin.\nThe report also points out that an all-time high of nearly 70% of the 19 million circulating supply of BTC has not changed in more than a year.\nIn addition, the report displays 13 metrics for the Bitcoin network, 12 of which are bullish and only 2 of which are neutral. Grayscale's Bitcoin Trust has increased in value by twofold this year; its GBTC shares were trading at $8.65 at the beginning of the year and are now worth $20.\nARK Invest recently refiledfor a spot Bitcoin ETF application alongside 21Shares, and is believed to be the front-runner for a Bitcoin ETF, ahead of BlackRock and other asset managers.", "Institutional investors and long-termBitcoinholders are displaying increased bullishness, with the balance of Bitcoin held on over-the-counter (OTC) desks hitting an all-time high.\nAccording to the monthly “earnings report”publishedby ARK Invest, nearly 8,000 Bitcoins are held on these desks, indicating a 60% increase this quarter.\nAccording to Cathie Wood's ARK Invest, which utilizes OTC desks to represent institutional activity, the stated figures indicate that institutions and other major capital allocators are becoming more interested in Bitcoin.\nThe report also points out that an all-time high of nearly 70% of the 19 million circulating supply of BTC has not changed in more than a year.\nIn addition, the report displays 13 metrics for the Bitcoin network, 12 of which are bullish and only 2 of which are neutral. Grayscale's Bitcoin Trust has increased in value by twofold this year; its GBTC shares were trading at $8.65 at the beginning of the year and are now worth $20.\nARK Invest recently refiledfor a spot Bitcoin ETF application alongside 21Shares, and is believed to be the front-runner for a Bitcoin ETF, ahead of BlackRock and other asset managers.", 'On-chain data shows US$18 million worth of USD Coin (USDC) stablecoins were transferred on Monday from a cryptocurrency wallet linked to the imprisoned Terraform Labs chief executive officer Kwon Do-hyeong, said South Korean university professor Cho Jae-woo.\nThe USDC was swapped into cryptocurrencies that will raise problems for authorities wanting to seize Kwon’s assets, because some of the tokens are “unfreezable,” said Cho, who heads the blockchain data lab at Seoul’s Hansung University.\nThe Terraform founder, known as Do Kwon, faces fraud charges in South Korea and the U.S. linked to the US$40 billion collapse of the Terra-Luna crypto project he led.\nThe USDC transactions took place the same day that 5,292 Bitcoin worth more than US$160 million was moved from a wallet linked to theLuna Foundation Guard, a unit of Terraform Labs, according toSouth Korea’s Blockmedia.\nThe transaction was noted byWhale Alerton Twitter, though it labeled the Bitcoin as moving between two unknown wallets.\nAs the transactions took place while the Terraform chief is in jail in Montenegro on a passport forgery charge, it suggests he has outside help in moving funds to avoid the reach of authorities, said Cho, who is also an assistant professor of urban planning at Hansung.\n“It seems [Kwon] had an aide outside of jail — [moving funds] is possible if he had previously handed over his private keys when he got out on bail the last time or by some other means,” Cho said.\nCho said he spotted the movement of USDC onEtherscanon July 3 and flagged it in a tweet.\n“I was monitoring the Ethereum wallet that Kwon Do-hyeong used prior to the Terra-Luna crash and saw that there were 18,732,768 USDC,” said Cho, in an email interview withForkast.“But the entire amount suddenly moved to another wallet, and the funds became very active.”\nIn his tweet, Cho says Kwon converted the 18 million stablecoins into 4 million Aave Ethereum USDC (aEthUSDC), 12 wrapped Bitcoin (WBTC), 454 Ether, 500 staked Ether (stETH), and 1.5 million DAI stablecoin.\nAnother 5.4 million USDC and 1 million DAI were sent to another address used to serve as a liquidity pool in Curve, a decentralized finance (DeFi) protocol offering rewards to users that provide stablecoin liquidity.\n“My best guess is that the tokens are being utilized to provide liquidity to DeFi and for staking,” Cho said.\n“It is now too late to freeze Do Kwon’s USDC,” said Cho, who added that USDC’s parent company Circle can manually freeze a user’s account if required. “But ETH or WBTC do not have that kind of functionality.”\nCircle on its websitesaysit reserves the right to “block” USDC addresses and freeze associated USDC tokens if they are associated withillegal activities.\nDo Kwon, a South Korean national and a computer science graduate of Stanford University in the U.S., started Terraform Labs in 2018. He founded the Terraform algorithmic stablecoin and cryptocurrency project Terra-Luna, which collapsed in May 2022, wiping out over US$40 billion in market capitalization.\nKwon, 31, is wanted in the U.S. and South Korea where prosecutors accuse him of fraud, securities law violations and several other charges related to the Terra-Luna crash. He has denied all the allegations against him.\nThe Terra-Luna chief was convicted in Montenegro in June for attempting to travel on a forged passport and sentenced to four months in jail. Kwon’s lawyers have filed an appeal. Multiple attempts by Forkast News to reach Do Kwon for comment have not received replies.\nSouth Korean prosecutors investigating the Terra-Luna collapse have been trying to evaluate the total assets that Kwon owns, most of which they consider criminal proceeds.\nWith cryptocurrencies linked to Kwon now being moved and swapped into other tokens in different private wallets, it becomes more difficult for authorities to track Kwon’s assets, Cho said.\n“It seems that he used someone else’s name on centralized crypto exchanges, and realistically it’s difficult to evaluate how much crypto he owns,” Cho said. “At least we could identify the assets that were on-chain, but with the transfer [on July 3], that’s become much more difficult.”', "JOHANNES EISELE/AFP/Getty Images Stocks fell on Thursday as investors braced for tighter monetary policy from the Fed. Traders anticipate more rate hikes after ADP jobs data came in hot. The 10-year Treasury yield jumped above 4%, and the 2-year yield hit the highest level since 2007. US stocks fell on Thursday, as strong jobs data stoked fears that the Federal Reserve will get more aggressive on tightening. ADP private payrolls rose 497,000 in June, about double what economists expected. That could spell trouble for stocks, as Fed officials have cited an overly hot jobs market as a reason why interest rates could stay elevated. The 10-year Treasury yield jumped above 4%, and the 2-year yield hit 5.120%, the highest since 2007, as markets braced for a higher-for-longer interest rate regime. Markets are waiting for the Labor Department's June jobs report to be released Friday, and economists expect payroll gains of 225,000, down from 339,000 in May. Here's where US indexes stood as the market closed 4:00 p.m. on Thursday: S&P 500 : 4,411.59, down 0.79% Dow Jones Industrial Average : 33,922.26, down 1.07% (366.38 points) Nasdaq Composite : 13,679.04, down 0.82% Here's what else is going on: The bull market in stocks will push to S&P 500 to 5,000 by 2024, Bank of America predicted. Here's what retail traders are buying to chase the rally in stocks, according to Vanda Research. The slowdown in US spending could eventually hit the stock market, experts said. Homebuyers flocking to Florida have driven some of its cities to be the most overvalued in the US. Russia's ruble crashed even further as Wagner's Yevgeny Prigozhin is said to be back in Russia after the failed mutiny attempt. The biggest hedge fund in the world said ChatGPT could pass its investment associate test . In commodities, bonds, and crypto: Oil prices climbed, with West Texas Intermediate up 0.1% to $71.85 a barrel. Brent crude , the international benchmark, edged higher by 0.05% to $76.56 a barrel. Gold slipped 0.33% to $1,911.12 per ounce. The 10-year yield surged 9 basis points to 4.041%. Bitcoin dipped 0.7% to $30,289. Read the original article on Business Insider View comments", "• Stocks fell on Thursday as investors braced for tighter monetary policy from the Fed.\n• Traders anticipate more rate hikes after ADP jobs data came in hot.\n• The 10-year Treasury yield jumped above 4%, and the 2-year yield hit the highest level since 2007.\nUS stocks fell on Thursday, as strong jobs data stoked fears that the Federal Reserve will get more aggressive on tightening.\nADP private payrolls rose 497,000 in June, about double what economists expected. That could spell trouble for stocks, as Fed officials have cited an overly hot jobs market as a reason why interest rates could stay elevated.\nThe 10-year Treasury yield jumped above 4%, and the 2-year yield hit 5.120%, the highest since 2007, as markets braced for a higher-for-longer interest rate regime.\nMarkets are waiting for the Labor Department's June jobs report to be released Friday, and economists expect payroll gains of 225,000, down from 339,000 in May.\nHere's where US indexes stood as the market closed 4:00 p.m. on Thursday:\n• S&P 500:4,411.59, down 0.79%\n• Dow Jones Industrial Average:33,922.26, down 1.07% (366.38 points)\n• Nasdaq Composite:13,679.04, down 0.82%\nHere's what else is going on:\n• The bull market in stocks will push to S&P 500 to 5,000by 2024, Bank of America predicted.\n• Here's what retail traders are buyingto chase the rally in stocks, according to Vanda Research.\n• The slowdown in US spendingcould eventually hit the stock market, experts said.\n• Homebuyers flocking to Floridahave driven some of its cities to be the most overvalued in the US.\n• Russia's ruble crashed even furtheras Wagner's Yevgeny Prigozhin is said to be back in Russia after the failed mutiny attempt.\n• The biggest hedge fund in the world saidChatGPT could pass its investment associate test.\nIn commodities, bonds, and crypto:\n• Oil prices climbed, withWest Texas Intermediateup 0.1% to $71.85 a barrel.Brent crude, the international benchmark, edged higher by 0.05% to $76.56 a barrel.\n• Goldslipped 0.33% to $1,911.12 per ounce.\n• The10-year yieldsurged 9 basis points to 4.041%.\n• Bitcoindipped 0.7% to $30,289.\nRead the original article onBusiness Insider", 'Web3 activity increased in June despite regulatory actions targeting top centralized exchanges, according to a new report from DappRadar. The report found that nearly 2M wallets interacted with dApps daily in June, a 1.4% increase compared to May. While web3 gaming held its position as the top sector with 36% of users, DeFi closely followed with 35% after growing 14%. Six of the ten most popular dApps represent the DeFi sector. DappRadar attributed the increased adoption to airdrop hunters racking up transactions on Layer 2s zkSync Era and StarkNet , in addition to the cross-chain bridging protocol LayerZero . Web3 Apps Gained Users In June Despite Regulatory Challenges: DappRadar The increase in web3 activity follows June’s tumultuous news cycle. The month began with the crypto markets tumbling after the U.S. Securities and Exchange Commission filed lawsuits against top centralized exchanges Coinbase and Binance . However, the SEC went on to approve a new custodial crypto exchange backed by financial incumbents Citadel Securities and Charles Schuab the following week. With the news coinciding with a flurry of filings for Bitcoin ETFs , Wall Street’s renewed interest ignited bullish momentum for digital asset prices. Ethereum Users Plummet Despite the broader dApp sector hosting an increase in users, the number of active wallets on Ethereum crashed by 50% to 77,000 in June. DappRadar attributed the decline to a sharp drop in NFT activity. Ethereum is now the sixth-ranked chain by unique active wallets, slipping two spots since May. BNB Chain retained its sizable lead by active users with 545,000, followed by Wax with 380,000, and Polygon with 162,000. ZkSync Era ranked fourth with 105,000 after a 52% monthly gain. Stargate, a cross-chain bridge, held its position as the most popular protocol, with 2.4M unique users in June. The popular PancakeSwap DEX’s v2 and v3 iterations ranked second and third with 987,000 and 850,000, respectively. Sweat Economy, an Ethereum and Near-based move-to-earn protocol, was fourth with 770,000 unique wallets. Story continues Active NFT Traders Drop 44% NFTs drove $888M in volume from 4.24M sales, a 17% increase over May. Blur continues to outpace OpenSea with 61% of trade volume after growing 20% in June. OpenSea hosted just 19% of volume— its lowest market share since January 2021. Blur’s NFT lending protocol, Blend , commanded 95% of NFTfi activity in June and surpassed $1B in cumulative trade volume since launching in May. However, the NFT sector suffered a 44% drop in daily active users. Nearly 87,000 unique wallets interacted with NFT protocols, the sector’s lowest level since March 2021. The bearish milestone came as the floor price for Bored Ape Yacht Club NFTs dropped to a 20-month low. Ethereum hosted 72% of NFT trade volume despite accounting for only 12% of total trades. Polygon was the top network by NFT transaction volume, with 1.3M active traders executing 35% of June’s NFT transactions. “This disparity indicates that while high-value NFT trades continue to be centered around Ethereum, transaction volumes are spreading across other platforms” Bitcoin Ordinals ranked second by volume with $96.4M. UniSat, a wallet extension for Bitcoin Ordinals and BRC-20 tokens, was the third-ranked NFT marketplace with $40M. DappRadar also noted a 7.5% uptick in peer-to-peer NFT trades.', 'Web3 activity increased in June despite regulatory actions targeting top centralized exchanges, according to a new report from DappRadar.\nThe report found that nearly 2M wallets interacted with dApps daily in June, a 1.4% increase compared to May. While web3 gaming held its position as the top sector with 36% of users, DeFi closely followed with 35% after growing 14%. Six of the ten most popular dApps represent the DeFi sector.\nDappRadar attributed the increased adoption to airdrop hunters racking up transactions on Layer 2szkSync EraandStarkNet, in addition to the cross-chain bridging protocolLayerZero.\nThe increase in web3 activity follows June’s tumultuous news cycle. The month began with the crypto markets tumbling after the U.S. Securities and Exchange Commission filed lawsuits against top centralized exchangesCoinbaseandBinance.\nHowever, the SEC went on to approve a new custodial crypto exchange backed by financial incumbents Citadel Securities and Charles Schuab the following week. With the news coinciding with a flurry of filings forBitcoin ETFs, Wall Street’s renewed interest ignited bullish momentum for digital asset prices.\nDespite the broader dApp sector hosting an increase in users, the number of active wallets on Ethereum crashed by 50% to 77,000 in June. DappRadar attributed the decline to a sharp drop in NFT activity. Ethereum is now the sixth-ranked chain by unique active wallets, slipping two spots since May.\nBNB Chain retained its sizable lead by active users with 545,000, followed by Wax with 380,000, and Polygon with 162,000. ZkSync Era ranked fourth with 105,000 after a 52% monthly gain.\nStargate, a cross-chain bridge, held its position as the most popular protocol, with 2.4M unique users in June. The popular PancakeSwap DEX’s v2 and v3 iterations ranked second and third with 987,000 and 850,000, respectively. Sweat Economy, an Ethereum and Near-basedmove-to-earnprotocol, was fourth with 770,000 unique wallets.\nNFTs drove $888M in volume from 4.24M sales, a 17% increase over May.\nBlur continues to outpace OpenSea with 61% of trade volume after growing 20% in June. OpenSea hosted just 19% of volume— its lowest market share since January 2021.\nBlur’s NFT lending protocol,Blend, commanded 95% of NFTfi activity in June and surpassed $1B in cumulative trade volume since launching in May.\nHowever, the NFT sector suffered a 44% drop in daily active users. Nearly 87,000 unique wallets interacted with NFT protocols, the sector’s lowest level since March 2021. The bearish milestone came as the floor price for Bored Ape Yacht Club NFTs dropped to a 20-month low.\nEthereum hosted 72% of NFT trade volume despite accounting for only 12% of total trades. Polygon was the top network by NFT transaction volume, with 1.3M active traders executing 35% of June’s NFT transactions.\n“This disparity indicates that while high-value NFT trades continue to be centered around Ethereum, transaction volumes are spreading across other platforms”\nBitcoin Ordinals ranked second by volume with $96.4M. UniSat, a wallet extension for Bitcoin Ordinals and BRC-20 tokens, was the third-ranked NFT marketplace with $40M.\nDappRadar also noted a 7.5% uptick in peer-to-peer NFT trades.', 'NASSAU, Bahamas, July 07, 2023 (GLOBE NEWSWIRE) --OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of July 7, 2023.\nOKX Adds OP, MASK and LINK to its Dual Investment Structured Product\nOKX has introduced three new additions to itsDual Investmentproduct: OP, MASK and LINK. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options. OKX also recently added SOL and APT to its Dual Investment ecosystem.\nThe minimum subscription amount for each token is indicated below:\n[["", "Sell high", "Buy low"], ["OP", "10 OP", "10 USDT"], ["MASK", "1 MASK", "10 USDT"], ["LINK", "1 LINK", "10 USDT"]]\nDual Investment is an advanced product that allows users to potentially maximize their profits* by choosing a major crypto pair to trade, such as BTC - USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies - depending on their target price.\nFor details on how to subscribe to Dual Investment products on OKX web and mobile,click here.\nOP is the native cryptocurrency ofOptimism, a Layer-2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency.\nMASK is the governance token that fuels theMASKnetwork, which enables users of popular social media platforms to send cryptocurrency, interact with decentralized applications and share encrypted content.\nLINK is the native token ofChainlink, a decentralized oracle network.\nNote: Returns are not guaranteed and may change without notice.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nOKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.\nAs a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.\nBeyond OKX’s exchange, the OKX Wallet is the platform\'s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.\nOKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nThe information displayed is strictly for education and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service atwww.okx.com.', "OKX NASSAU, Bahamas, July 07, 2023 (GLOBE NEWSWIRE) -- OKX , the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of July 7, 2023. OKX Adds OP, MASK and LINK to its Dual Investment Structured Product OKX has introduced three new additions to its Dual Investment product: OP, MASK and LINK. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options. OKX also recently added SOL and APT to its Dual Investment ecosystem. The minimum subscription amount for each token is indicated below: Token Minimum subscription amount Sell high Buy low OP 10 OP 10 USDT MASK 1 MASK 10 USDT LINK 1 LINK 10 USDT Dual Investment is an advanced product that allows users to potentially maximize their profits by choosing a major crypto pair to trade, such as BTC - USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies - depending on their target price. For details on how to subscribe to Dual Investment products on OKX web and mobile, click here . OP is the native cryptocurrency of Optimism , a Layer-2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency. MASK is the governance token that fuels the MASK network, which enables users of popular social media platforms to send cryptocurrency, interact with decentralized applications and share encrypted content. LINK is the native token of Chainlink , a decentralized oracle network. Note: Returns are not guaranteed and may change without notice. For more information, please visit the Support Center . For further information, please contact: [email protected] About OKX OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. Story continues As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com Disclaimer The information displayed is strictly for education and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com .", 'Bitcoin (BTC) mining stocks listed in the U.S. have more than doubled this year after being decimated in the crypto carnage of 2022, broker Bernstein said in a research report Friday. The resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting from Blackrock , Fidelity and other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a \x93revenue diversification strategy,\x94 the note said. \x93This is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,\x94 analysts led by Gautam Chhugani wrote. Bernstein notes that weaker miners with high debt are not able to survive and \x93capitulate during crypto winters,\x94 citing the recent bankruptcy of Core Scientific (CORZQ). The broker says the first round of consolidation has already played out and surviving miners are now adding capacity in anticipation of bitcoin halving, when mining rewards are cut by 50%, an event that typically drives the BTC price higher . The next bitcoin halving is likely to occur around April 2024. Wall Street giant JPMorgan also recently said in a report that over time the bitcoin mining industry will consolidate and become more competitive because only miners with lower production costs will be able to survive. Read more: Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan', 'Bitcoin (BTC) mining stocks listed in the U.S. have more than doubled this year after being decimated in the crypto carnage of 2022, broker Bernstein said in a research report Friday.\nThe resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting fromBlackrock,Fidelityand other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.\n“This is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,” analysts led by Gautam Chhugani wrote.\nBernstein notes that weaker miners with high debt are not able to survive and “capitulate during crypto winters,” citing therecent bankruptcy of Core Scientific(CORZQ).\nThe broker says the first round of consolidation has already played out and surviving miners are now adding capacity in anticipation of bitcoin halving, when mining rewards are cut by 50%, an event that typicallydrives the BTC price higher. The nextbitcoin halvingis likely to occur around April 2024.\nWall Street giant JPMorgan also recently said in a report that over time the bitcoin mining industry will consolidate and become more competitive because only miners with lower production costs will be able to survive.\nRead more:Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan', 'Bitcoin (BTC) mining stocks listed in the U.S. have more than doubled this year after being decimated in the crypto carnage of 2022, broker Bernstein said in a research report Friday.\nThe resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting fromBlackrock,Fidelityand other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.\n“This is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,” analysts led by Gautam Chhugani wrote.\nBernstein notes that weaker miners with high debt are not able to survive and “capitulate during crypto winters,” citing therecent bankruptcy of Core Scientific(CORZQ).\nThe broker says the first round of consolidation has already played out and surviving miners are now adding capacity in anticipation of bitcoin halving, when mining rewards are cut by 50%, an event that typicallydrives the BTC price higher. The nextbitcoin halvingis likely to occur around April 2024.\nWall Street giant JPMorgan also recently said in a report that over time th Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $587,238,531,625 - Hash Rate: 440586401.04601073 - Transaction Count: 556014.0 - Unique Addresses: 773326.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rose to trade above US$26,000, recovering some of the ground it lost in the week since the U.S. Securities and Exchange Commission (SEC) filed lawsuits against two of the worlds largest crypto exchanges. The U.S. regulator accuses Binance .US and Coinbase of breaking securities rules. All other top 10 non-stablecoin cryptocurrencies also gained, with Binances native token BNB leading the gains. See related article: Crypto industry reacts to SECs lawsuit against Binance Cryptos rise Bitcoin gained 1.00% to US$26,074 in the 24 hours to 4 p.m. in Hong Kong. The worlds largest cryptocurrency by market capitalization is up 1.32% on the week, according to CoinMarketCap data. Ether, the worlds second biggest cryptocurrency after Bitcoin, rose 0.64% to US$1,748 in the past 24 hours. However, it is down 3.60% over the last seven days. BNB, the native token of the worlds biggest cryptocurrency exchange Binance, climbed 5.10% to US$235, although it posted 15.11% weekly losses. The gains come after U.S. Republican Congressman Warren Davidson tweeted on Monday that he had filed a bill to restructure the SEC and remove its current chairman Gary Gensler. U.S. capital markets must be protected from a tyrannical Chairman, including the current one. Thats why I am introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come, Davidson said. SEC chairman Gary Gensler reemphasized the agencys determination to strictly regulate the crypto sector in a tweeted repost of his statement made last week. There's nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws. Congress could have said in the 1930s that the securities laws applied only to stocks & bonds. For more, read my remarks: Gary Gensler (@GaryGensler) June 12, 2023 Solana, Polygon and Cardano three of the crypto tokens named by the SEC as securities all gained on Tuesday afternoon. However, all three have recorded losses of over 20% in the week since the SEC clampdown started. Story continues Solana gained 2.14% to US$15.42 in 24 hours, while Cardano rose 0.28% to US$0.2795. Polygon climbed 2.39% to US$0.6459. The recent lawsuits filed by the SEC against Binance and Coinbase indicate a significant shift in regulatory approach towards the digital asset industry, Mahin Gupta, founder of Liminal, a wallet infrastructure and custody solutions platform, said in an emailed statement. While these measures may ultimately contribute to legitimizing the Web3 industry in the long run, it is important to acknowledge that such strong actions could potentially stifle innovation, Gupta added. The increasing regulatory clampdown on cryptocurrency exchanges in the U.S. is creating opportunities in the field of digital finance in Asia. In the same week that the U.S. SEC announced it would sue Coinbase and Binance .US, stablecoin operator Circle announced that it had received a Major Payment Institution license from the Monetary Authority of Singapore (MAS), the city states central bank. Similarly, digital assets bank Sygnum said Tuesday that MAS had granted it an in-principle approval for its Major Payment Institution Licence. The bank now plans to expand its regulated operations in Singapore, including its crypto brokerage service. In the last 24 hours, the global crypto market capitalization rose 1.17% to US$1.06 trillion, and total market volume strengthened 5.57% to US$28.83 billion. Ethereum NFTs dip The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.54% to 2,964.53 in the 24 hours to 5 p.m. in Hong Kong. The index recorded losses of 9.78% over the past seven days. The Forkast ETH NFT Composite dropped 0.99% to 1,049.57 in 24 hours, while dropping 5.42% for the week. Total NFT sales volume on the Ethereum blockchain dropped 18.19% to US$11.86 million over the past 24 hours, according to CryptoSlam data . Bored Ape Yacht Club, the largest Ethereum-based NFT collection by sales volume, dropped 6.03% to US$1.38 million in 24 hours. The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings are really beginning to impact the market, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Despite the negative outlook elsewhere, NFT sales volume on the Bitcoin network gained 82.66% to US$3.9 million. Sales of uncategorized Ordinals Bitcoin NFTs that are not part of an established collection climbed 1.15% to US$1.65 million. Asian, European equities rise; U.S. futures gain Stock market display board. Image: Envato Elements Asian equity markets gained on Tuesday after Chinas central bank cut its seven-day reverse repurchase rate by 10 basis points to 1.9% from 2%. The move comes as the worlds second biggest economy struggles to recover from three years of pandemic-induced disruptions. U.S. markets also showed gains amid hopes that the U.S. Federal Reserve will leave interest rates unchanged this week. The Shanghai Composite gained 0.15% and the Shenzhen Component Index rose 0.76%. Hong Kongs Hang Seng Index climbed 0.60% and Japans Nikkei 225 strengthened 1.80%. Global stock markets are likely to experience a wide boost this week not just the mega cap tech stocks as the U.S. Federal Reserve is expected to pause interest rate hikes, said Nigel Green, founder and chief executive of financial management firm deVere, in an emailed statement. The U.S. central bank is expected to keep interest rates unchanged at its meeting on June 13 and 14. Current interest rates in the U.S. are between 5% and 5.25%, the highest level since 2006, after 10 consecutive raises starting in March last year. The U.S. is also scheduled to release its latest consumer price index data later on Tuesday. Inflation in the worlds biggest economy likely slowed to 4.1% in May, from 4.9% in April and 5% in March, according to Trading Economics . U.S. stock futures mostly rose as of 7 p.m. in Hong Kong. The Dow Jones Industrial Average futures dropped 0.02% while S&P 500 futures rose 0.13%. Nasdaq 100 Futures also gained 0.30%. European bourses traded flat on Tuesday, as investors await policy decisions from both the European Central Bank (ECB) and the U.S. Fed. The ECB is scheduled to meet on Thursday and implement another 25 basis point interest rate hike to 3.5% in an attempt to curb inflationary pressures. The benchmark STOXX 600 rose 0.03% and Germanys DAX 40 gained 0.09% during afternoon trading hours in Europe. The eurozone reportedly slipped into recession in the first three months of 2023. High inflation, rising interest rates and treacherous periods of volatility have defined much of the past 12 months all of which have made for extremely difficult trading conditions, Daniela Hathorn, Senior Market Analyst at trading platform Capital.com, said in an emailed statement. The challenging market is hitting everyone at present, but one way to try and slow the tide is by diversifying your investments. Its better to spread the risk across different asset classes, companies and investments than to pursue profits from one single area that could quickly go south, Hathorn added.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023. Liu Jie/Xinhua via Getty Images US stocks fell in volatile trade on a cooler-than-expected jobs report from the Labor Department. But wage growth was hotter than predicted, at a 4.4% jump on an annual basis. This reignited concerns over the Federal Reserve's next steps, which might mean tighter policy. US stocks finished lower on Friday amid volatile trade and capped weekly losses as Wall Street digested the latest jobs report. The Labor Department reported 209,000 new jobs were created, below expectations, after ADP's payroll report Thursday showed blowout gains. However, the government's report Friday also found that wage growth saw a 4.4% jump on an annual basis, which could prompt the central bank to continue lifting interest rates to rein in inflation. Stocks seesawed between losses and gains over the course of the day before closing lower. For the week, the S&P 500 lost 1.16%, the Nasdaq declined 0.92%, and the Dow sank 1.96%. Here's where US indexes stood at the 4:00 closing bell on Friday: S&P 500 : 4,398.95, down 0.29% Dow Jones Industrial Average : 33,734.88, down 0.55% (187.38 points) Nasdaq Composite : 13,660.72, down 0.13% Here's what else is going on: The Russian ruble has nowhere to go as it continues to be brought down by capital flight and declining tax revenue, economist Konstantin Sonin said. Bank of America broke down three things that are about to go wrong in markets and the economy. Some cities can expect their commercial property values crater by up to 40% by 2025 , Capital Economics wrote. Rivian shares extended their rally as Wedbush's Dan Ives sees a turnaround in the company's EV production . In commodities, bonds, and crypto: Oil gained on Friday. West Texas Intermediate climbed 2.9% to $72.10 a barrel. Brent crude , the international benchmark, rose by 2.6% to $78.39 a barrel. Gold edged up 0.19% to $1,925.31 per ounce. The 10-year yield moved up 1.9 basis points to 4.06%. Bitcoin fell 0.15% to $30,206. Read the original article on Business Insider", "• US stocks fell in volatile trade on a cooler-than-expected jobs report from the Labor Department.\n• But wage growth was hotter than predicted, at a 4.4% jump on an annual basis.\n• This reignited concerns over the Federal Reserve's next steps, which might mean tighter policy.\nUS stocks finished lower on Friday amid volatile trade and capped weekly losses as Wall Street digested the latest jobs report.\nThe Labor Department reported 209,000 new jobs were created, below expectations, after ADP's payroll report Thursday showed blowout gains.\nHowever, the government's report Friday also found that wage growth saw a 4.4% jump on an annual basis, which could prompt the central bank to continue lifting interest rates to rein in inflation.\nStocks seesawed between losses and gains over the course of the day before closing lower. For the week, the S&P 500 lost 1.16%, the Nasdaq declined 0.92%, and the Dow sank 1.96%.\nHere's where US indexes stood at the 4:00 closing bell on Friday:\n• S&P 500: 4,398.95, down 0.29%\n• Dow Jones Industrial Average: 33,734.88, down 0.55% (187.38 points)\n• Nasdaq Composite: 13,660.72, down 0.13%\nHere's what else is going on:\n• The Russian ruble has nowhere to goas it continues to be brought down by capital flight and declining tax revenue, economist Konstantin Sonin said.\n• Bank of America broke downthree things that are about to go wrongin markets and the economy.\n• Some cities can expect theircommercial property values crater by up to 40% by 2025, Capital Economics wrote.\n• Rivian shares extended their rally asWedbush's Dan Ives sees a turnaround in the company's EV production.\nIn commodities, bonds, and crypto:\n• Oil gained on Friday.West Texas Intermediateclimbed 2.9% to $72.10 a barrel.Brent crude, the international benchmark, rose by 2.6% to $78.39 a barrel.\n• Goldedged up 0.19% to $1,925.31 per ounce.\n• The10-year yieldmoved up 1.9 basis points to 4.06%.\n• Bitcoinfell 0.15% to $30,206.\nRead the original article onBusiness Insider", "(Bloomberg) -- A Chinese industry body of automakers retracted a two-day-old pledge not to resort to “abnormal pricing practices,” earlier seen as an effort to end a bruising price war in the country’s electric-vehicle market.\nMost Read from Bloomberg\n• How Much Income You Need to Crack America's Richest 1%\n• Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud\n• DeSantis Says No Thanks to $377 Million in US Energy Funds\n• Fund Titans Are Betting on Everything Gaining Against the Dollar\n• Epstein-Staley Emails Reveal Friendship Forged at JPMorgan\nThe China Association of Automobile Manufacturers is deleting one of the four commitments signed on Thursday by 16 companies at an event it organized, which promised to refrain from practices that disrupt fair market competition, it said in a statement posted on its website on Saturday.\nThe reference to “pricing” in the pledge was inappropriate and in breach of a principle enshrined in the nation’s anti-trust law, the association said. The retraction came after the clause drew “widespread attention,” according to the statement.\nThe association urged the 16 companies and other members to strictly follow the anti-trust law and other rules that encourage independent pricing and fair competition.\nRead more: Tesla and Chinese Rivals Signal Truce in Brutal EV Price War\nTesla Inc. was the only foreign brand among the automakers that took part in the signing ceremony in Shanghai, committing to a four-point pledge. The companies also included BYD Co., Nio Inc., Xpeng Inc., Geely and Chery Automobile Co.,.\nAustin, Texas-based Tesla started cutting prices in China late last year, prompting other major brands to join in with steep discounts in the earlier part of 2023 as sales slowed.\nThe lagged impact of Covid restrictions and expectations of further price cuts weakened car demand in the world’s second-largest economy. The government has started a campaign to promote EV adoption in rural areas, among other measures to lift the auto industry and wider consumption.\nRead more: Tesla Offers More Incentives for Model 3 and Y Buyers in China\n--With assistance from Chunying Zhang and Bei Hu.\nMost Read from Bloomberg Businessweek\n• South Korea’s Archaic Rental System Is Costing People Their Life Savings\n• A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows\n• New Bitcoin ETFs Now? Amid the Crypto Crackdown?\n• Americans Prepare for Tighter Budgets as Student Loan Payments Resume\n• iQuit: My Hellish Attempt to Leave Apple’s Walled Garden\n©2023 Bloomberg L.P.", "(Bloomberg) -- A Chinese industry body of automakers retracted a two-day-old pledge not to resort to \x93abnormal pricing practices,\x94 earlier seen as an effort to end a bruising price war in the country\x92s electric-vehicle market. Most Read from Bloomberg How Much Income You Need to Crack America's Richest 1% Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud DeSantis Says No Thanks to $377 Million in US Energy Funds Fund Titans Are Betting on Everything Gaining Against the Dollar Epstein-Staley Emails Reveal Friendship Forged at JPMorgan The China Association of Automobile Manufacturers is deleting one of the four commitments signed on Thursday by 16 companies at an event it organized, which promised to refrain from practices that disrupt fair market competition, it said in a statement posted on its website on Saturday. The reference to \x93pricing\x94 in the pledge was inappropriate and in breach of a principle enshrined in the nation\x92s anti-trust law, the association said. The retraction came after the clause drew \x93widespread attention,\x94 according to the statement. The association urged the 16 companies and other members to strictly follow the anti-trust law and other rules that encourage independent pricing and fair competition. Read more: Tesla and Chinese Rivals Signal Truce in Brutal EV Price War Tesla Inc. was the only foreign brand among the automakers that took part in the signing ceremony in Shanghai, committing to a four-point pledge. The companies also included BYD Co., Nio Inc., Xpeng Inc., Geely and Chery Automobile Co.,. Austin, Texas-based Tesla started cutting prices in China late last year, prompting other major brands to join in with steep discounts in the earlier part of 2023 as sales slowed. The lagged impact of Covid restrictions and expectations of further price cuts weakened car demand in the world\x92s second-largest economy. The government has started a campaign to promote EV adoption in rural areas, among other measures to lift the auto industry and wider consumption. Story continues Read more: Tesla Offers More Incentives for Model 3 and Y Buyers in China --With assistance from Chunying Zhang and Bei Hu. Most Read from Bloomberg Businessweek South Korea\x92s Archaic Rental System Is Costing People Their Life Savings A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows New Bitcoin ETFs Now? Amid the Crypto Crackdown? Americans Prepare for Tighter Budgets as Student Loan Payments Resume iQuit: My Hellish Attempt to Leave Apple\x92s Walled Garden ©2023 Bloomberg L.P.", 'Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips. When people think NFTs, they often think of Bored Ape Yacht Club. Since it launched in 2021, the profile picture project\'s fate has been inextricably linked with non-fungible tokens and vice versa—for better or worse. And with the NFT market spiraling, the Bored Ape Yacht Club has been dragged into a whirlpool. Although still leading all collections in trading volume, in June, BAYC\'s price floor hit its lowest point in 20 months, according to a report by DappRadar . The lowest purchase price for one of the unamused simian cartoons was about $52,000 on Sunday. Just a month ago you couldn\'t get one for less than $90,000, almost double Sunday\'s price, according to CoinGecko . The collection\'s decline in value tracks with the overall NFT market, which fell 38% quarter-over-quarter to just under $3 billion, DappRadar reported. The falling price floor has popped the bubble of some collectors who have tried to get liquidity by using Bored Apes as collateral. On Monday, BendDAO, a lending protocol that helps facilitate some of these NFT-backed loans, had 27 Bored Apes and 25 Mutant Apes up for auction, as reported by Protos . According to Gabe Frank, the cofounder of NFT lending protocol Arcade, some investors got in over their heads. "Some ape NFT owners are over-leveraged, meaning they can\'t repay their loans or are facing forced sell-offs on certain platforms where liquidation occurs," he told me via email. Some have blamed the mass liquidations on Blur, the upstart marketplace that also has an NFT lending protocol. Others noted that Azuki\'s missteps with the new Elementals collection exacerbated the problem. Whatever the root cause, the ripple effects have been significant. The liquidations caught up with one Bored Ape owner, Ramon Govea, the founder of Myth Division, who took out a loan to help build his Web3 business. "Many will celebrate this news, because that’s the nature of this space, but I have worked with integrity the entire time I’ve been here, so it’s painful to think that doing the right thing often ends with well-intended people getting rekt and scammers moving on unscathed to spin another scam," he wrote in a Sunday tweet. A day I feared has finally come. Over the last 2.5 years I have spent over to $1 Million in NFT profits investing back into the @MythDivision community- paying employees, consultants, devs, artists & executives. Many of those people fell short in helping Myth Division flourish,… pic.twitter.com/bNGfXHrlHt — American Ape (@RamonGovea) July 2, 2023 Look no further than Crypto Twitter to see more of the immediate consequences. Several people said they liquidated their BAYCs over the past few days, some because of the lower floor price, some because they just made bad calls. Story continues Yo bro why is my whole timeline of bayc asking for donations to not get liquidated lmao??!? — Manuzxq (@Manuzxq) July 3, 2023 There have also been random acts of kindness. But sometimes hard lessons, are just that...hard. If you ever had any doubt about @BoredApeYC community...i was devastated today as i thought my ape was gonna be liquadated...many apes dmed me in support...one ape in particular @apeapebaby legit offered me 8.5 eth to help me pay it back...HE SENT IT AND ...I did !!! and im never… — 🍌 Marty McApe-BAYC 7436 (@chrisdevlin7700) July 4, 2023 In other news Major League Baseball is set to debut a new virtual stadium this weekend. Created by metaverse technology company Improbable , it will let fans interact and watch games together in the digital ballpark through MLB.com, according to a press release. Major League Baseball plans to launch a virtual stadium for digital savvy fans. Tom Brady -cofounded company Autograph is shifting its focus away from NFTs after the company\'s revenue fell significantly in 2022. The company is instead focusing on helping celebrities build and foster their fanbases. (020308 Glendale, AZ ) New England Patriots quarterback Tom Brady #12 looked glum as he exited the field with Logan Mankins, left, after the New England Patriots blew their chance at a perfect season by losing 17-14 to the NY Giants at SuperBowl XLII at University of Phoenix Stadium on Sunday, February 3, 2008. Staff Photo by Matthew West. (Photo by Matthew West/MediaNews Group/Boston Herald via Getty Images) Open platform fxhash is set to expand from the Tezos blockchain to Ethereum . The generative art platform, which hosts work from artists such as Zancan , William Mapan , and Melissa Wiederrecht , decided to expand beyond Tezos because of feedback from partners, according to Decrypt. The outlet noted that the Ethereum blockchain offers artists better visibility and higher asking prices for their work. Bitcoin NFTs, or Ordinals , reached $210 million in trading volume in the second quarter, according to a report by DappRadar . Trading volume for Ordinals sharply increased in the second quarter, jumping from $7.18 million in the first three months of the year. NFTTrade , a marketplace for non-fungible tokens, integrated the XRP Ledger into its platform this week. Integrating with the open-source blockchain will allow the platform to offer protocol-level royalty protections for creators. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home View comments', 'Welcome to This Week in the Metaverse, whereFortunerounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips.\nWhen people think NFTs, they often think of Bored Ape Yacht Club. Since it launched in 2021, the profile picture project\'s fate has been inextricably linked with non-fungible tokens and vice versa—for better or worse.\nAnd with the NFT market spiraling, the Bored Ape Yacht Club has been dragged into a whirlpool.\nAlthough still leading all collections in trading volume, in June, BAYC\'s price floor hit its lowest point in 20 months, according toa report by DappRadar. The lowest purchase price for one of the unamused simian cartoons was about $52,000 on Sunday. Just a month ago you couldn\'t get one for less than $90,000, almost double Sunday\'s price,according to CoinGecko.\nThe collection\'s decline in value tracks with the overall NFT market, which fell 38% quarter-over-quarter to just under $3 billion, DappRadar reported.\nThe falling price floor has popped the bubble of some collectors who have tried to get liquidity by using Bored Apes as collateral.\nOn Monday, BendDAO, a lending protocol that helps facilitate some of these NFT-backed loans, had 27 Bored Apes and 25 Mutant Apes up for auction,as reported by Protos.\nAccording to Gabe Frank, the cofounder of NFT lending protocol Arcade, some investors got in over their heads.\n"Some ape NFT owners are over-leveraged, meaning they can\'t repay their loans or are facing forced sell-offs on certain platforms where liquidation occurs," he told me via email.\nSome have blamed the mass liquidations on Blur, the upstart marketplace that also has an NFT lending protocol. Others noted that Azuki\'smissteps with the new Elementals collectionexacerbated the problem. Whatever the root cause, the ripple effects have been significant.\nThe liquidations caught up with one Bored Ape owner, Ramon Govea, the founder of Myth Division, who took out a loan to help build his Web3 business.\n"Many will celebrate this news, because that’s the nature of this space, but I have worked with integrity the entire time I’ve been here, so it’s painful to think that doing the right thing often ends with well-intended people getting rekt and scammers moving on unscathed to spin another scam," he wrote in a Sunday tweet.\nLook no further than Crypto Twitter to see more of the immediate consequences. Several people said they liquidated their BAYCs over the past few days, some because of the lower floor price, some because they just made bad calls.\nThere have also been random acts of kindness. But sometimes hard lessons, are just that...hard.\nMajor League Baseballis set to debut a new virtual stadium this weekend. Created by metaverse technology companyImprobable, it will let fans interact and watch games together in the digital ballpark through MLB.com, according to a press release.\nTom Brady-cofounded companyAutographis shifting its focus away from NFTs after the company\'s revenue fell significantly in 2022. The companyis instead focusingon helping celebrities build and foster their fanbases.\nOpen platformfxhashis setto expand from theTezosblockchain toEthereum. The generative art platform, which hosts work from artists such asZancan,William Mapan, andMelissa Wiederrecht, decided to expand beyond Tezos because of feedback from partners, according to Decrypt. The outlet noted that the Ethereum blockchain offers artists better visibility and higher asking prices for their work.\nBitcoin NFTs, orOrdinals, reached$210 millionin trading volume in the second quarter, according to a report byDappRadar.Trading volumefor Ordinals sharply increased in the second quarter, jumping from $7.18 million in the first three months of the year.\nNFTTrade, a marketplace for non-fungible tokens, integrated theXRP Ledgerinto its platform this week. Integrating with the open-source blockchain will allow the platform to offer protocol-level royalty protections for creators.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'It’s been a pretty dull bear market of late.Bitcoinhas flirted with $30,000 for some time, andEthereumhas only briefly managed to get out in front of that pesky $2,000 mark.\nIt feels like a lot of the same in DeFi. Derivative changes lead different projects to temporarily swap TVL for a period; a week later that same money flows back into the first project.\nEven Uniswap, one of the niche’s defining projects, barely registereda blip after launchingits latest iteration.\nSo, what’s next for decentralized finance? The sector’s salad days are clearly over, but does that mean DeFi has no future?\nLet’s start by first unpacking the data. Per DeFi Llama, the niche still has roughly $45 billion sloshing around across various projects. That’s miles off from its peak of $178 billion set back in November 2021, but it’s also a few projects lighter (ahemTerra).\nThese days, this value is primarily concentrated in liquid staking. Two of the ten largest projects are in this category: Lido Finance ($14.5 billion) and, ironically, Coinbase’s staked Ethereum ($2.27 billion).\nBoth have soared in popularity following the successful execution of Ethereum’s change to a proof-of-stake consensus network, giving rise to the popular term “real yield.”\nInstead of shell games played among different DeFi projects (again, Terra), the yield generated by staking ETH is about as legitimate as it gets—at least for crypto.\n3 Ways DAO Treasuries Will Hit $100B in Balances\nThere are real users swapping coins or flipping NFTs, and developers seemingly deploying smart contracts on the network every day. Those who stake their ETH are performing a real service to keep those transactions secure, and are thus rewarded.\nThat’s one future, then: DeFi products built atop and around the rise of the real yield meme. In another edition of Decrypting DeFi, we unpacked a far more complex project calledEigenlayerthat’s also riding this wave.\nThere’s also chatter of various institutional players looking to build even more products to scrape another 1% or 2% off that real yield. That’s a trend that folks should certainly keep a close eye on.\nAnother future is how another kind of yield—that of real-world assets—is turbo-charging projects like MakerDAO, and specifically, its native stablecoin DAI.\nAll Centralized Firms Are Alike—But Every DAO Is Decentralized in Its Own Way\nWhat was previously ameasly 1%, the DAI Savings Rate (DSR) has soared to just under 4% for holders who decide to deposit the dollar-pegged stablecoin into the contract.\nThe reason the protocol is able to dole out such an increase is in part due to the revenue that it’s generating from various tradfi deals the community has voted on executing.\nLast June, for example, the Maker community voted to buy short-term U.S. Treasuries and bonds from BlackRock for $500 million. The yield generated from that and other similar deals is now being redistributed to DAI holders.\nThese two futures might not be as sexy as double-digit yield farms or the food coins of yesteryear, but they’re futures nonetheless.\nAs the degens used to say in the summer of 2020: It ain’t much, but its honest work.\nDecrypting DeFi is our DeFi newsletter, led by this essay. Subscribers to our emails get to read the essay before it goes on the site. Subscribehere.', "Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) It’s been a pretty dull bear market of late. Bitcoin has flirted with $30,000 for some time, and Ethereum has only briefly managed to get out in front of that pesky $2,000 mark. It feels like a lot of the same in DeFi. Derivative changes lead different projects to temporarily swap TVL for a period; a week later that same money flows back into the first project. Even Uniswap, one of the niche’s defining projects, barely registered a blip after launching its latest iteration. So, what’s next for decentralized finance? The sector’s salad days are clearly over, but does that mean DeFi has no future? Let’s start by first unpacking the data. Per DeFi Llama, the niche still has roughly $45 billion sloshing around across various projects. That’s miles off from its peak of $178 billion set back in November 2021, but it’s also a few projects lighter ( ahem Terra ). All the money in DeFi today. Image: DeFi Llama . These days, this value is primarily concentrated in liquid staking. Two of the ten largest projects are in this category: Lido Finance ($14.5 billion) and, ironically, Coinbase’s staked Ethereum ($2.27 billion). Both have soared in popularity following the successful execution of Ethereum’s change to a proof-of-stake consensus network, giving rise to the popular term “real yield.” Instead of shell games played among different DeFi projects (again, Terra), the yield generated by staking ETH is about as legitimate as it gets—at least for crypto. 3 Ways DAO Treasuries Will Hit $100B in Balances There are real users swapping coins or flipping NFTs, and developers seemingly deploying smart contracts on the network every day. Those who stake their ETH are performing a real service to keep those transactions secure, and are thus rewarded. That’s one future, then: DeFi products built atop and around the rise of the real yield meme. In another edition of Decrypting DeFi, we unpacked a far more complex project called Eigenlayer that’s also riding this wave. There’s also chatter of various institutional players looking to build even more products to scrape another 1% or 2% off that real yield. That’s a trend that folks should certainly keep a close eye on. Story continues Another future is how another kind of yield—that of real-world assets—is turbo-charging projects like MakerDAO, and specifically, its native stablecoin DAI. All Centralized Firms Are Alike—But Every DAO Is Decentralized in Its Own Way What was previously a measly 1% , the DAI Savings Rate (DSR) has soared to just under 4% for holders who decide to deposit the dollar-pegged stablecoin into the contract. The reason the protocol is able to dole out such an increase is in part due to the revenue that it’s generating from various tradfi deals the community has voted on executing. Last June , for example, the Maker community voted to buy short-term U.S. Treasuries and bonds from BlackRock for $500 million. The yield generated from that and other similar deals is now being redistributed to DAI holders. These two futures might not be as sexy as double-digit yield farms or the food coins of yesteryear, but they’re futures nonetheless. As the degens used to say in the summer of 2020: It ain’t much, but its honest work. Decrypting DeFi is our DeFi newsletter, led by this essay. Subscribers to our emails get to read the essay before it goes on the site. Subscribe here .", 'Wall Street heavyweights are changing their tune on crypto.\nTake BlackRock CEO Larry Fink, who in 2017 dismissed bitcoin as "an index of money laundering." Last week, the chief of the world\'s largest asset manager gave a starkly different appraisal of the most popular cryptocurrency, saying it is "digitizing gold" and could "revolutionize finance."\nSubscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.\nThen there\'s fellow billionaire financier Ken Griffin, who blasted the sector as a "jihadist call" against the dollar two years ago. Now, his hedge fund, Citadel Securities, is backing a recently launched platform that allows institutional investors to trade the digital assets.\nFidelity Investments, the nation\'s largest 401(k) administrator, is another example. The 77-year-old financial stalwart is nobody\'s idea of an anti-establishment renegade. Yet it, too, is moving on several fronts to get into crypto. It started allowing workers to invest a portion of their retirement savings in bitcoin last year. Its subsidiary Fidelity Digital Assets joined Citadel - and Charles Schwab - in investing in the new crypto exchange, called EDX. And like BlackRock, it is seeking approval from the Securities and Exchange Commission to introduce a publicly listed fund that will track the real-time price of bitcoin.\nThe cryptocurrency industry built a cultlike fan base in the United States by promising to break Wall Street and Washington\'s joint grip on the financial system. But as the sector weathers a steep decline and faces tough new scrutiny from the SEC, some of Wall Street\'s biggest names are trying to enfold it.\nThe developments place the industry at crossroads in the United States. Popular interest in crypto has cratered after a year of spectacular meltdowns left a trail of bankrupt crypto companies, criminally charged entrepreneurs, shamed celebrity endorsers and ravaged investors. With the hype deflated, financial giants sense an opportunity for profit by offering their customers a pared-back menu of crypto products and services unlikely to raise hackles from regulators.\nWhether crypto\'s founding ambition to democratize finance survives remains an open question.\n"Assets often move from weak hands to strong hands during bear markets," said Matthew Sigel, the head of digital assets research at fund manager VanEck. "We think that\'s what is happening in crypto. A lot of losses last year were taken by retail or immature players, and now here come the big boys" of traditional finance.\nThose firms can pick up where collapsed crypto companies left off, said Tyler Gellasch, president and CEO of the investor advocacy organization Healthy Markets.\n"While many crypto firms built their businesses around not complying with the law, traditional finance firms have already mastered making money trading an asset or operating an exchange while also complying with securities laws," he explained. "The SEC might appreciate that, and certainly serious institutional and individual investors would."\nFidelity declined to comment. But Jamil Nazarali - the CEO of EDX, the crypto trading platform for institutional investors that the firm is backing - said that "more firms are coming" even while some in the financial establishment wait for more regulatory clarity before jumping in.\n- - -\nAfter the reckoning\nFor some financiers, the development marks an inevitable reckoning for a sector that at its late 2021 peak had grown into a $3 trillion juggernaut seemingly overnight while flouting decades of investor protection laws.\n"More and more people are coming to the realization that, like it or not, cryptocurrencies are here to stay, and the current environment and market structure for cryptos lacks a lot of the protections that we have come to take for granted in traditional finance," said Nazarali, who left Citadel last year to launch EDX.\nThose protections were at best an afterthought for venture capitalists, entrepreneurs and everyday traders who jumped into crypto as it started a rocket-like ascent two years ago. Americans stuck at home during the coronavirus pandemic and suddenly flush with stimulus checks opened up a vast new pool of money for an industry that had long been the preserve of a hardcore fringe.\nSocial media tales of instant riches minted seemingly out of thin air on new crypto tokens helped fuel a viral craze, as millions of Americans flocked to platforms like Coinbase that made it easy to open an account and start trading from a smartphone. At its peak in November 2021, the value of the overall crypto market had quadrupled since the start of that year. The industry became a pop-culture phenomenon, with trading platforms Crypto.com and FTX shelling out tens of millions of dollars to affix their names to major sports arenas and crypto ads dominating the Super Bowl broadcast in early 2022.\nThen, even faster than the crypto bubble inflated, it popped. The implosion in May 2022 of a digital coin called TerraUSD set off a chain reaction that toppled three other major crypto companies in the ensuing weeks, pummeling investor confidence and cutting the value of the overall market roughly in half. The already devastated sector was dealt another punishing blow in November, when FTX - one of the world\'s largest crypto exchanges that had billed itself as a responsible operator - collapsed and led to allegations that its executives fraudulently misappropriated customer funds on risky investments and personal expenses.\nBitcoin has staged a major comeback this year, nearly doubling in price. It rallied strongly in March as midsize bank failures shook confidence in the banking system and has been surging again in recent weeks on news of the institutional appetite for the asset.\n- - -\nOne-two punch\nThe SEC - whose chairman, Gary Gensler, long has accused crypto companies of operating illegally - effectively rang a closing bell on crypto\'s Wild West era last month. The agency took its most aggressive steps yet toward cracking down on the sector when it sued Binance and Coinbase, two of the largest crypto trading platforms, on successive days. It charged both with violating securities laws meant to shield against conflicts of interest and provide basic disclosures to investors.\nThe SEC\'s one-two punch against companies with starkly divergent approaches to regulatory compliance signaled its aggressive new push to police the industry. Binance, which operates offshore, still faces criminal probes from U.S. authorities; the U.S.-based Coinbase, by contrast, is publicly traded and has styled itself as a safe option for everyday investors.\n"We knew something was coming, but we didn\'t expect it to be so expansive," Blockchain Association CEO Kristen Smith said. She pointed to the SEC\'s decision in the Coinbase suit to argue that 13 crypto tokens listed on the platform qualify as securities, a designation subjecting them to the agency\'s oversight.\nAs Washington and Wall Street move in on crypto, tech-focused investors in San Francisco are moving on. In bars and restaurants, conversations about artificial intelligence have replaced the breathless talk about crypto. Venture capitalists who fashioned themselves as crypto devotees have now pivoted to AI. Tech influencers on social media who implored people to buy cryptocurrency are now posting about the wonders of ChatGPT and other AI tools.\nYoung people are moving to San Francisco to join "hacker houses" and go to parties focused on AI, sweeping aside the gold rush into crypto that had brought previous waves of people to the city looking for investors and co-founders.\nMeanwhile, the massive amounts of money that poured into crypto start-ups from venture capital firms has slowed to a trickle. In 2021, there were 794 venture capital investments made into crypto companies, totaling $18.1 billion in investment, according to research firm PitchBook. In 2022, the industry kept growing, seeing 831 deals worth $22.8 billion. But this year, the pace of investment has fallen off a cliff. Halfway through the year, there have been only 105 venture investments, and $2 billion invested.\nCrypto traders have also scaled back their activity. In May, the five largest U.S. platforms hosted a total of $56 billion worth of crypto trades, the lowest such volume since October 2020, according to Riyad Carey, a research analyst at crypto data firm Kaiko.\nIdling interest has taken a toll on Coinbase, for one, which in May reported that it lost $79 million in the first three months of the year, its fifth consecutive quarterly loss. Nonetheless, the company\'s stock has rallied in recent weeks, in part on the news that BlackRock named it as a partner for its bitcoin fund.\nDan Dolev, a Mizuho Securities analyst, said Coinbase still has little to celebrate in the face of the SEC\'s lawsuit. "I wouldn\'t bet against the regulators," he said. As he sees it, the company should embrace the inevitable and adopt a narrower - and less profitable - business model.\nEven though Coinbase has said it will continue to operate its business "as usual" while the legal process plays out, "they\'re like Wile E. Coyote after he\'s run off the cliff but before he realizes it," Dolev said. "That\'s exactly what\'s happening."\nThe Washington Post\'s Gerrit De Vynck contributed to this report.\nRelated Content\nHow Supreme Court decisions are activating a generation of young voters\nProsecutors in Trump classified documents case are facing threats\nSummer is here. Where are the fireflies?', 'Wall Street heavyweights are changing their tune on crypto. Take BlackRock CEO Larry Fink, who in 2017 dismissed bitcoin as "an index of money laundering." Last week, the chief of the world\'s largest asset manager gave a starkly different appraisal of the most popular cryptocurrency, saying it is "digitizing gold" and could "revolutionize finance." Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Then there\'s fellow billionaire financier Ken Griffin, who blasted the sector as a "jihadist call" against the dollar two years ago. Now, his hedge fund, Citadel Securities, is backing a recently launched platform that allows institutional investors to trade the digital assets. Fidelity Investments, the nation\'s largest 401(k) administrator, is another example. The 77-year-old financial stalwart is nobody\'s idea of an anti-establishment renegade. Yet it, too, is moving on several fronts to get into crypto. It started allowing workers to invest a portion of their retirement savings in bitcoin last year. Its subsidiary Fidelity Digital Assets joined Citadel - and Charles Schwab - in investing in the new crypto exchange, called EDX. And like BlackRock, it is seeking approval from the Securities and Exchange Commission to introduce a publicly listed fund that will track the real-time price of bitcoin. The cryptocurrency industry built a cultlike fan base in the United States by promising to break Wall Street and Washington\'s joint grip on the financial system. But as the sector weathers a steep decline and faces tough new scrutiny from the SEC, some of Wall Street\'s biggest names are trying to enfold it. The developments place the industry at crossroads in the United States. Popular interest in crypto has cratered after a year of spectacular meltdowns left a trail of bankrupt crypto companies, criminally charged entrepreneurs, shamed celebrity endorsers and ravaged investors. With the hype deflated, financial giants sense an opportunity for profit by offering their customers a pared-back menu of crypto products and services unlikely to raise hackles from regulators. Story continues Whether crypto\'s founding ambition to democratize finance survives remains an open question. "Assets often move from weak hands to strong hands during bear markets," said Matthew Sigel, the head of digital assets research at fund manager VanEck. "We think that\'s what is happening in crypto. A lot of losses last year were taken by retail or immature players, and now here come the big boys" of traditional finance. Those firms can pick up where collapsed crypto companies left off, said Tyler Gellasch, president and CEO of the investor advocacy organization Healthy Markets. "While many crypto firms built their businesses around not complying with the law, traditional finance firms have already mastered making money trading an asset or operating an exchange while also complying with securities laws," he explained. "The SEC might appreciate that, and certainly serious institutional and individual investors would." Fidelity declined to comment. But Jamil Nazarali - the CEO of EDX, the crypto trading platform for institutional investors that the firm is backing - said that "more firms are coming" even while some in the financial establishment wait for more regulatory clarity before jumping in. - - - After the reckoning For some financiers, the development marks an inevitable reckoning for a sector that at its late 2021 peak had grown into a $3 trillion juggernaut seemingly overnight while flouting decades of investor protection laws. "More and more people are coming to the realization that, like it or not, cryptocurrencies are here to stay, and the current environment and market structure for cryptos lacks a lot of the protections that we have come to take for granted in traditional finance," said Nazarali, who left Citadel last year to launch EDX. Those protections were at best an afterthought for venture capitalists, entrepreneurs and everyday traders who jumped into crypto as it started a rocket-like ascent two years ago. Americans stuck at home during the coronavirus pandemic and suddenly flush with stimulus checks opened up a vast new pool of money for an industry that had long been the preserve of a hardcore fringe. Social media tales of instant riches minted seemingly out of thin air on new crypto tokens helped fuel a viral craze, as millions of Americans flocked to platforms like Coinbase that made it easy to open an account and start trading from a smartphone. At its peak in November 2021, the value of the overall crypto market had quadrupled since the start of that year. The industry became a pop-culture phenomenon, with trading platforms Crypto.com and FTX shelling out tens of millions of dollars to affix their names to major sports arenas and crypto ads dominating the Super Bowl broadcast in early 2022. Then, even faster than the crypto bubble inflated, it popped. The implosion in May 2022 of a digital coin called TerraUSD set off a chain reaction that toppled three other major crypto companies in the ensuing weeks, pummeling investor confidence and cutting the value of the overall market roughly in half. The already devastated sector was dealt another punishing blow in November, when FTX - one of the world\'s largest crypto exchanges that had billed itself as a responsible operator - collapsed and led to allegations that its executives fraudulently misappropriated customer funds on risky investments and personal expenses. Bitcoin has staged a major comeback this year, nearly doubling in price. It rallied strongly in March as midsize bank failures shook confidence in the banking system and has been surging again in recent weeks on news of the institutional appetite for the asset. - - - One-two punch The SEC - whose chairman, Gary Gensler, long has accused crypto companies of operating illegally - effectively rang a closing bell on crypto\'s Wild West era last month. The agency took its most aggressive steps yet toward cracking down on the sector when it sued Binance and Coinbase, two of the largest crypto trading platforms, on successive days. It charged both with violating securities laws meant to shield against conflicts of interest and provide basic disclosures to investors. The SEC\'s one-two punch against companies with starkly divergent approaches to regulatory compliance signaled its aggressive new push to police the industry. Binance, which operates offshore, still faces criminal probes from U.S. authorities; the U.S.-based Coinbase, by contrast, is publicly traded and has styled itself as a safe option for everyday investors. "We knew something was coming, but we didn\'t expect it to be so expansive," Blockchain Association CEO Kristen Smith said. She pointed to the SEC\'s decision in the Coinbase suit to argue that 13 crypto tokens listed on the platform qualify as securities, a designation subjecting them to the agency\'s oversight. As Washington and Wall Street move in on crypto, tech-focused investors in San Francisco are moving on. In bars and restaurants, conversations about artificial intelligence have replaced the breathless talk about crypto. Venture capitalists who fashioned themselves as crypto devotees have now pivoted to AI. Tech influencers on social media who implored people to buy cryptocurrency are now posting about the wonders of ChatGPT and other AI tools. Young people are moving to San Francisco to join "hacker houses" and go to parties focused on AI, sweeping aside the gold rush into crypto that had brought previous waves of people to the city looking for investors and co-founders. Meanwhile, the massive amounts of money that poured into crypto start-ups from venture capital firms has slowed to a trickle. In 2021, there were 794 venture capital investments made into crypto companies, totaling $18.1 billion in investment, according to research firm PitchBook. In 2022, the industry kept growing, seeing 831 deals worth $22.8 billion. But this year, the pace of investment has fallen off a cliff. Halfway through the year, there have been only 105 venture investments, and $2 billion invested. Crypto traders have also scaled back their activity. In May, the five largest U.S. platforms hosted a total of $56 billion worth of crypto trades, the lowest such volume since October 2020, according to Riyad Carey, a research analyst at crypto data firm Kaiko. Idling interest has taken a toll on Coinbase, for one, which in May reported that it lost $79 million in the first three months of the year, its fifth consecutive quarterly loss. Nonetheless, the company\'s stock has rallied in recent weeks, in part on the news that BlackRock named it as a partner for its bitcoin fund. Dan Dolev, a Mizuho Securities analyst, said Coinbase still has little to celebrate in the face of the SEC\'s lawsuit. "I wouldn\'t bet against the regulators," he said. As he sees it, the company should embrace the inevitable and adopt a narrower - and less profitable - business model. Even though Coinbase has said it will continue to operate its business "as usual" while the legal process plays out, "they\'re like Wile E. Coyote after he\'s run off the cliff but before he realizes it," Dolev said. "That\'s exactly what\'s happening." The Washington Post\'s Gerrit De Vynck contributed to this report. Related Content How Supreme Court decisions are activating a generation of young voters Prosecutors in Trump classified documents case are facing threats Summer is here. Where are the fireflies?', 'Ask AI Suarez With AI in the mix, the 2024 presidential race keeps getting weirder. SOS America PAC, a Super PAC backing " Bitcoin mayor " Francis Suarez\'s 2024 presidential bid, just released a tool called " Ask AI Suarez ," a realistic, AI-powered avatar of the candidate designed to answer questions about the current Miami mayor and his campaign. "Hi, I\'m AI Francis Suarez," the bot says as it introduces itself. "You\'ve probably heard that my namesake, conservative Miami Mayor Francis Suarez, is running for president. I\'m here to answer questions you may have about Mayor Suarez\'s proven agenda for economic prosperity, cutting spending and supporting our police." "So," it continues, "how can I help?" Though a spokesperson for Suarez\'s campaign told The Miami Herald that the official campaign confusingly has "nothing to do" with AI Suarez or "whatever the PAC does," Suarez and the funding body have deep financial ties . And in any case, a deep-pocketed campaign spender deploying a lifeless deepfake of a presidential candidate to interface with citizens feels deeply dystopian \x97 not to mention a strange, cheap, and arguably lazy replacement for the real deal. Just Why Like other AI deepfakes, the bot\'s attempt at realism, from its tinny voice to its waxy expression, is just inhuman enough to be deeply unsettling. The format itself \x97 which requires users to speak to their computers like they\'re trying to talk to their Amazon remotes \x97 is tedious, to say the least. On top of that, it\'s unclear why it even needs to exist. All of its answers are pre-recorded, and the AI bot simply chooses which of those pre-recorded prompts best suits the query. And more often than not, the provided responses don\'t even do that. Case in point, when asked about hot-button conservative topics like access to abortion, for example, the bot replied with scripted monologues. But when asked about topics like environmental policy, healthcare, and Russia\'s ongoing war on Ukraine, AI Suarez launches into an unrelated spiel about Joe Biden\'s failures, protecting police officers, and China. Story continues In short, it\'s bizarre, unnecessary, and really just unhelpful. Bot Election It\'s yet another example of how burgeoning generative AI technologies, which in the US have already been used in multiple political ads related to the 2024 campaign , continue to make their way into the political sphere. And unfortunately, this might not be the last we see of AI Suarez, with a spokesperson for the PAC telling Fox News that the AI will be used as a "campaign surrogate" that might one day even do media interviews \x97 and if that doesn\'t raise all kinds of red flags, we don\'t know what will. More on AI and 2024: Ron DeSantis Ad Features AI-Generated Images of Donald Trump Kissing Fauci', 'Ask AI Suarez With AI in the mix, the 2024 presidential race keeps getting weirder. SOS America PAC, a Super PAC backing " Bitcoin mayor " Francis Suarez\'s 2024 presidential bid, just released a tool called " Ask AI Suarez ," a realistic, AI-powered avatar of the candidate designed to answer questions about the current Miami mayor and his campaign. "Hi, I\'m AI Francis Suarez," the bot says as it introduces itself. "You\'ve probably heard that my namesake, conservative Miami Mayor Francis Suarez, is running for president. I\'m here to answer questions you may have about Mayor Suarez\'s proven agenda for economic prosperity, cutting spending and supporting our police." "So," it continues, "how can I help?" Though a spokesperson for Suarez\'s campaign told The Miami Herald that the official campaign confusingly has "nothing to do" with AI Suarez or "whatever the PAC does," Suarez and the funding body have deep financial ties . And in any case, a deep-pocketed campaign spender deploying a lifeless deepfake of a presidential candidate to interface with citizens feels deeply dystopian \x97 not to mention a strange, cheap, and arguably lazy replacement for the real deal. Just Why Like other AI deepfakes, the bot\'s attempt at realism, from its tinny voice to its waxy expression, is just inhuman enough to be deeply unsettling. The format itself \x97 which requires users to speak to their computers like they\'re trying to talk to their Amazon remotes \x97 is tedious, to say the least. On top of that, it\'s unclear why it even needs to exist. All of its answers are pre-recorded, and the AI bot simply chooses which of those pre-recorded prompts best suits the query. And more often than not, the provided responses don\'t even do that. Case in point, when ask Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,757,364,550 - Hash Rate: 448139310.7782279 - Transaction Count: 573697.0 - Unique Addresses: 695972.0 Social & AI Sentiment: - Fear & Greed Index: 0.58 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A joint hearing on Capitol Hill sought to measure the regulatory gaps in crypto on Wednesday. The criteria for determining whether a token should be considered a security or a commodity highlighted how wide those gaps have been. The topic has been a sticking point for years, and a puzzle piece for determining to what degree the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC) have authority over the digital assets industry. During the hearing, Republican and Democratic lawmakers disagreed about whether new regulation was needed to address the classification of digital assets. Rep. Dusty Johnson (R-SD) said a lack of clarity within the existing law has been holding back innovation in the marketplace for too long. “I know this town loves kicking the can down the path,” he said. “But there are times where it's just clear, even to Congress, that action is appropriate and needed.” Johnson honed in specifically on the Howey Test, the SEC’s four-pronged assessment for determining whether an asset, such as a cryptocurrency, should be considered a security. A core element of the Howey Test looks for a reasonable expectation that profits are derived from the efforts of others—that a group of individuals, such as a token’s developers, has a sizable impact on an asset's overall price. Johnson claimed that Congress could help regulators by clearing up how decentralization plays a role, providing the CFTC and SEC with “particular triggers” that delineate when an asset can shift from being a security to a commodity, something the SEC’s former Director of Corporate Finance William Hinman hassaid is possible. During the hearing, Matthew Kulkin, a partner at the law firm WilmerHale, said that it’s challenging to identify a particular inflection point for when that may happen. “It's sort of easy to draw out the two ends of the spectrum, in terms of a token being offered to raise capital versus something that's highly commoditized,” he said. But finding a dividing line between the two is challenging, Kulkin added. For Ethereum—crypto’s second-largest token by market capitalization—leaders of the SEC and CFTC have expresseddueling opinionsabout whether the token should be considered a commodity or security. While SEC Chair Gary Gensler hasn’t directly labeled Ethereum a security—herefusedto answer questions directly posed by Rep. Patrick McHenry (R-NC) last month—he said earlier this year that “everything other than Bitcoin” falls under securities laws. But the classification of tokens isn’t all that important when it comes to regulating crypto, suggested the Subcommittee on Digital Assets’ ranking member Rep. Stephen Lynch (D-MA). “I do understand jurisdictional questions have been raised at times over whether crypto tokens are securities or commodities and whether the primary regulator of those tokens could be the SEC or CFTC,” he said. “I worry we might be asking the wrong questions, however, and we risk feeding into industry-fueled narratives about a turf war between these two agencies.” Lynch argued that concerns raised by digital asset advocates about regulatory ambiguity are actually “masked non-compliance with existing laws,” adding a new regulatory structure would undermine existing regulation. “I encourage my colleagues to not get lost in a debate over whether individual tokens are securities or commodities,” Lynch said. “Instead, we should take a step back and examine the intermediaries that facilitate these tokens.”... - Reddit Posts (Sample): [['u/Yogi_DMT', 'Why is BTC on Binance US a whole 2k+ lower than coinbase/robinhood?', 15, '2023-07-08 00:33', 'https://www.reddit.com/r/CryptoMarkets/comments/14tlpd0/why_is_btc_on_binance_us_a_whole_2k_lower_than/', ' Right now BTC/USD is trading at about 27500 on Binance US whereas bitcoin on all other platforms seems to be around 30k. Why the difference? ', 'https://www.reddit.com/r/CryptoMarkets/comments/14tlpd0/why_is_btc_on_binance_us_a_whole_2k_lower_than/', '14tlpd0', [['u/Nine_9er', 12, '2023-07-08 01:54', 'https://www.reddit.com/r/CryptoMarkets/comments/14tlpd0/why_is_btc_on_binance_us_a_whole_2k_lower_than/jr3b9ol/', 'There’s no one with USD to buy the Bitcoin. They stopped all on-ramps.', '14tlpd0']]], ['u/peasantpeon', 'Reminder, again!', 39, '2023-07-08 01:53', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/', 'Everybody get your BTC of exchanges, especially Binance.\n\nDon\\`t tell me I didnt warn you. ', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/', '14tnoe6', [['u/ILikePracticalGifts', 34, '2023-07-08 02:29', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/jr3fp81/', '> Don`t tell me I didnt warn you.\n\nDidn’t even know you existed', '14tnoe6'], ['u/Youretoo', 10, '2023-07-08 07:02', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/jr4a54p/', '/r/iamthemaincharacter', '14tnoe6']]], ['u/AdDue7063', 'Scams so far in last two weeks', 34, '2023-07-08 02:34', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/', 'So as i mentioned, my sb had to move to europe somehow and left me alone. So i had to find another one, so i jumped into the bowl head first and so far these are the scammers i ran into:\n\n(1) rinser- sent me her bank account with negative balance, wanted to meet right away.. and asked for ppm for m&g, after i refused made a large scene..\n\n(2) pig slaughtering— a russian babe keeps talking about her uncle’s investment on bitcoin- after i told her i have some deriv investment can double within a week and if she would like to invest, she disappeared.\n\n(3) blackmail— someone got my phone number and reverse engineered my linkedin page and asked for money.\n\n(4) professionals, professionals, professionals….\n\n(5) picture sellers.. and stood me up on a meet and greet.\n\nGuys.. keep sharp.. this is adult swimming only.. i thought i was pretty sharp.. (3) still got me.. impeccable bio, very relatable pictures, very good reason why she needs my real number(ok i was thinking using my other brain again). But fundamentally the rule is still.. no payment until meeting people in real life.. and no compromising material..(3) actually asked for it when volunteered some naked pictures.. thank god.. thank god.. thank god…', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/', '14ton3j', [['u/asdfqwertys909', 10, '2023-07-08 02:42', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/jr3hdod/', "thank goodness its not just me. I just started seriously looking a month or two ago after a 3 year SR. it seems like the SB's in my area want allowances and everything prior to meeting for a cup of coffee, etc. apparently a lot of relatives are dying and emergency errands (?) are being run lol. quite the interesting turn of events since i last tried to find a SB.", '14ton3j'], ['u/HotGenie234', 22, '2023-07-08 03:22', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/jr3mabz/', 'Whew. I guess my newbie post attracted some vermin. I got a DM which already set off red flags. But I’m bored so I decided to play. He very quickly asked that I be his SB and he needs only emotional support not sex lmao. Then he said he was an agricultural engineer with dispensaries. \n\nCouldn’t say what city he lived in even though I asked twice. Very quickly offered me an allowance rate without prompting. When I balked and asked that we get to know each other he asked if I have an iphone. (This is obvs for reverse engineering purposes).\n\n\nUpon confirmation he asked that I email him with my iPhone. At this point I thanked him for his time, to which he responded “KYS”. To those that don’t understand this sweet acronym, it means “kll yourself”😂🥰. \nJust putting this out there for other newbies. Happy to post screenshots if that’s allowed.', '14ton3j'], ['u/Plenty_Ad_5403', 15, '2023-07-08 14:41', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/jr5a92v/', 'Additional scam...\n(1) girl sends unsolicited nudes\n(2) then mentions she will turn 18 next month\n(3) her relative contacts SD stating to contact them for soliciting underage pics of their niece, daughter etc\n(4) if no contact they will go to the cops\n(5) "police Detective " contacts SD asking for a call back \n\nOf course all fake preying on the weak minded .... use 3rd party app for contacting to remain anonymous never use real phone numbers, email addresses etc', '14ton3j']]], ['u/Rive2099', 'Is BTC ATM the only true anonymous way to purchase BTC?', 12, '2023-07-08 03:55', 'https://www.reddit.com/r/BitcoinBeginners/comments/14tqe5d/is_btc_atm_the_only_true_anonymous_way_to/', "Explain this to me.\n\nWhat first comes to mind is this:\n\n1. I buy from an exchange.(That probably has your information.)\n2. Put BTC from exchange to hot wallet.\n3. Put BTC from hot wallet to Hard Wallet.\n4. You are now associated with your wallet.\n\nThis seems normal, but doing this there are many ways to track the purchase back to my exact wallet, and then it is compromised and no matter what someone could look at my address and find out how much BTC I have. \n\nBuying from a BTC atm makes sense:\n\n1. Buy with cash from atm.\n2. BTC directly to wallet address.\n3. Nobody knows it is your wallet, just that this address received money.\n4. You are not associated with your wallet.\n\nI've seen things about p2p websites, but this doesn't make sense either:\n\n1. Connect some form of banking/credit line to a p2p website:\n2. Money goes into p2p website and BTC is sent to your address.\n3. Nobody knows your wallet, but they do know that money from your identity was used to purchase x amount of BTC.\n\nSo does this mean the only way to really purchase BTC without anyone ever knowing you purchased BTC is by buying from an BTC ATM?\n\nSorry if this was confusing. Thanks for help in advance.", 'https://www.reddit.com/r/BitcoinBeginners/comments/14tqe5d/is_btc_atm_the_only_true_anonymous_way_to/', '14tqe5d', [['u/bitusher', 12, '2023-07-08 04:21', 'https://www.reddit.com/r/BitcoinBeginners/comments/14tqe5d/is_btc_atm_the_only_true_anonymous_way_to/jr3t2pp/', 'There are many ways to acquire BTC privately \n\n1) BTC atm without verification - coinatmradar.com \n\n2) receive btc for selling goods and services \n\n3) buy btc p2p in person \n\n4) mine btc \n\n5) Use a DEX like robosats or bisq or \n\nhttps://github.com/cointastical/P2P-Trading-Exchanges\n\n6) Buy BTC with ID than regain privacy after the fact', '14tqe5d']]], ['u/Appropriate-Boot-172', "cheapest way to convert ETH to BTC that's on ledger?", 16, '2023-07-08 05:01', 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/', "Whats the cheapest way to convert ETH to BTC that's on ledger? I see that you can convert directly on the ledger but is this the best way to do taht?", 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/', '14trtwv', [['u/loupiote2', 10, '2023-07-08 05:14', 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/jr3z7oh/', 'Use a reputable centralized exchange like Coinbase, Binance, Kraken, Kucoin etc.', '14trtwv'], ['u/Downtown-Ad-3724', 15, '2023-07-08 06:45', 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/jr48jrh/', 'I think OP\'s question in other words is "is it cheaper to move ETH to an exchange (which is expensive), convert it to BTC then move that BTC back to the Ledger" or just use the (also expensive) conversion feature in Ledger Live?\n\nI\'ve wondered this myself. The former is more complicated and error prone but how much expense is saved, really?', '14trtwv']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, July 08, 2023', 26, '2023-07-08 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/', '14tt1z6', [['u/ImpudicusFungus', 13, '2023-07-08 11:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr4wmhc/', 'When the time comes the move will be epic. Enjoy your weekend in the meantime.', '14tt1z6'], ['u/jarederaj', 19, '2023-07-08 14:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr59qyi/', 'Bbands continue to tighten across candles. Clear accumulation shown by OBV. Hovering under resistance for weeks.\n\nBbands on the 30 m are begging for action, but I don’t think we’re ready to pop up just yet. Weekly still has a lot to squeeze down, and sentiment was a little too positive recently.\n\nOverall, this crab has been very stable to positive.\n\nBears are being slow boiled.', '14tt1z6'], ['u/dopeboyrico', 22, '2023-07-08 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr5dngs/', 'Microstrategy owns more BTC than any other publicly traded company by far. They currently own 152,333 BTC.\n\nWho are the largest institutional owners of MSTR? Notably, several huge money managers including Capital Group, Vanguard, Fidelity, and BlackRock. Collectively they own 33.96% of all MSTR shares outstanding or 51,732 BTC currently valued at roughly $1.5 billion.\n\nWall Street isn’t waiting for a spot ETF approval to gain exposure to BTC, Wall Street is already here & ready for liftoff.', '14tt1z6'], ['u/imissusenet', 13, '2023-07-08 16:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr5j9gq/', "Some of that MSTR held by Vanguard technically belongs to me. I'm not sure Vanguard has an opinion on whether or not it's a good idea. For that matter, Vanguard no longer lets me buy GBTC (I can hold what I already own).\n\nEDIT: Grammar.", '14tt1z6'], ['u/FmgNRTJj', 10, '2023-07-08 16:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr5ow1l/', 'very much same for blackrock and fidelity. lol. passive fund ownership = wall street is ready for liftoff', '14tt1z6'], ['u/Yodel_And_Hodl_Mode', 11, '2023-07-08 21:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr6tbzr/', "Happy Saturday, the day for stacking sats. I added another 2 million to my hodl this morning.\n\nIt feels like more, saying 2 million sats rather than 0.02 BTC, even though it's the same thing.", '14tt1z6'], ['u/babyjesusftw1', 16, '2023-07-08 23:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr75237/', "Looks like you've puffed enough. Time to pass", '14tt1z6']]], ['u/NaturephilicReaction', 'Bitcoin is the best performing crypto from the top 20 year to date. Most altcoin/btc pairs have been slowly bleeding lower.', 22, '2023-07-08 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/', 'Bitcoin is known as the king for a reason, this year crypto has rallied quite a bit. For all you altcoin holders, Bitcoin out pumped all of you. This is the result of most altcoins having insane selling pressure caused by vested tokens unlocking, teams dumping to increase their runways, and all round low confidence in altcoins. The reality is 90% of altcoins will never reach their all time highs again although many of us believe "our" altcoin is the best and it will be the one to pump the most in the bull.\n\nJust like how the previous bull run worked, there will be a new crypto that probably hasn\'t even launched yet, that will pump the hardest. \n\n\nSource - https://imgur.com/a/txNG8rd', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/', '14tuckj', [['u/Mooncow027', 10, '2023-07-08 07:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/jr4b6nz/', "It took me years to come to that conclusion. For now it's going to be 75% BTC and 25% ETH. I've lost on far too many previously.", '14tuckj'], ['u/Mancheee', 25, '2023-07-08 08:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/jr4gkv4/', 'Show the gains in the bull market though! Alts gain a lot more percentage.\n\nHigh market cap insulates btc in bear market, but the gains in a bull market are also smaller for btc compared to alts. Its high risk high reward with alt coins. So I guess its what you prioritize', '14tuckj']]], ['u/rBitcoinMod', 'Daily Discussion, July 08, 2023', 29, '2023-07-08 08:04', 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14sybs0/daily_discussion_july_07_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/', '14tvjxe', [['u/Appropriate-Fun8241', 12, '2023-07-08 12:13', 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/jr4xl8e/', 'Just ordered my coldcard wallet', '14tvjxe'], ['u/Llonga', 11, '2023-07-08 20:45', 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/jr6m39r/', 'Let’s get to 100k first shall we?', '14tvjxe']]], ['u/Matth3w_95', 'I want to hear your degen strategies', 11, '2023-07-08 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/', "Hello everyone! This sub always advices safer investment strategies, like DCAing into BTC and ETH, keeping it in your cold wallet and just waiting. I agree with that and it's exactly what I'm doing with the vast majority of the funds I invested into crypto. \nToday though, I would like to hear some advanced, degenerate strategy you're actually testing out. Maybe it's hunting for airdrops or a complex process of liquidity farming on multiple protocols, or maybe it's day trading based on some technical analysis. I would love to read the results you obtained. \nDisclaimer: I'm not looking for a magic idea to become rich, I just like to learn new things about crypto and make some experiment with DeFi with a small amount of money. \n\nThank you for you answers.", 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/', '14tw4m0', [['u/ChemicalAnybody6229', 12, '2023-07-08 09:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/jr4k8lb/', 'My degen strategy is going 100x leverage on pepe 2.0. Am I a good trader?', '14tw4m0'], ['u/365Dillweed365', 11, '2023-07-08 09:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/jr4kql8/', 'I’m trying to forget I own crypto. I hope to remember after three cycles and be fabulously rich; come on now, let’s go!', '14tw4m0'], ['u/podfather2000', 13, '2023-07-08 09:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/jr4n047/', 'Not good. The best.', '14tw4m0']]], ['u/sirnoggin', "Hey guys! I just donated my 1080ti to my friend, it's been with me since 2017 and just upgraded to a 7900 XTX.", 607, '2023-07-08 09:34', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/', 'I thought this would be a nice post for anyone considering upgrading from their 1080ti and was lagging for a few years like me.\n\n\n\nLike everyone else, the last few gens after the 1080ti weren\'t a big enough upgrade for me, the 2080 was definitely a non starter, then the 3080 came and I started peaking my ears up, but the performance gain just wasn\'t there to justify getting rid of my 1080ti.\n\n\n\nI initially had purchased the 1080ti at a bargain price during the 2017 Crypto crash, I picked up the card for a steal at about $300 from a Bitcoin mining operation that was selling them in bulk at the end of 2017 (bet they regretted that lol).\n\n\n\nThe card was a Gigabyte - and oh man it was good, but it was loud and it ran hot (80degrees under load on warhammer 2 for reference).\n\n\n\nI loved the performance though, so decided to slap a water cooler on the card from NZXT for about $100, this gave the card a new lease of life, it went from 80degrees to 50degrees under load, astronomical drop in noise and temperature. It went from a literal jet fan under load to totally silent - This is my top tip if you still have a 1080ti and you\'re looking to keep it a while longer or at least 2-3 years, get a water cooler on it and replace the base fan you won\'t regret it.\n\n\n\nBut if you\'re at the point where the 40 series cards were really exciting you by the performance upticks, I have to say your excitement is entirely justified.\n\n\n\nIn the past I bought cards in the mid end of the range, and the 1080ti was an upgrade from my 1060 which was designed as a purchase specifically to be the top end card in the world and to last a long time (I remember thinking 5-6 years was my goal to keep the 1080ti), I think I had a radeon card before then but I can\'t remember.\n\n\n\nSo back to the 40 series. Well, I crunched the numbers over about an 8 month period in line with a full system upgrade from my previous PC which I had owned for 10 years, I bought that system in 2012! And all I had done every year was upgrade the graphics card. Buying top end and replacing the graphics card every few years saved me a tonne of pain and money.\n\n\n\nI created a new system 3 months ago, 13600 Intel i5 790 motherboard 32gig ram. I put the 1080ti in there as a placeholder because I needed a few more months to see where the market would fall between the Radeon and Nvidia cards.\n\n\n\nThe top end was always going to be where I was heading, but I never seriously considered the 4090 just because of the wattage. It\'s a crazy card, and I settled on the XTX for a few reasons.\n\n\n\nIt\'s by the numbers a better performer than the 4080, its also better value for money with a bigger bus and more RAM.\n\n\n\nI considered the 4070ti, the 4080, the XT and the XTX - including doing good reasearch into all the board partners. But settled on the XTX based on the fact that in some titles it was actually going head to head objectively with the 4090 for 40% less price.\n\n\n\nI\'m not one to overclock, I like to keep cards cool and factory clocked which is what I did with the 1080ti which is why its also still running so well.\n\n\n\nHere\'s the mindblowing thing to me: The XTX in real terms after testing is a 160% to 175% increase on the performance I was getting from the 1080ti.\n\nThe card also runs on average 30 degrees cooler with the board partner I went with out off the box, its idling next to me right now at 25degrees - amazing.\n\n\n\nIf you\'re considering the cost/fun ratio of getting a new card without the insane wattage of the 4090, I absolutely recommend the 7900 xtx Sapphire Nitro.\n\n\n\nSapphire are actually cherry picking the boards for the Nitro series, which means the XTX I have performs about 15% to 20% better than the average XTX. It\'s also completely silent under load (crazy to me after jey engine gigabyte).\n\n\n\nSome things to bare in mind - I stuck with my 1080ti for so long because I am a 1080p gamer, I don\'t really see any difference or need for a 4K or 1440p setup when I play any game, and I have no interest in Ray Tracing. I feel high resolutions + ray tracing offer such completely miniscule increased "prettiness" that they are in my honest opinion completely unnessecary when gaming from a single monitor (which is still my setup). This is my opinion only based on what I like to play.\n\n\n\nAnyway, I hope that this post gives any 1080ti people on the fence about an upgrade hope. Put it like this, I\'ve gone from 40FPS in warhammer 3 to about 200FPS, and I have to cap every single game to my refresh rate - which is amazing because I\'m all about those frames :)\n\n\n\nThe Saphhire Nitro 7900 XTX specifically is an absolutely amazing card, and I can\'t recommend it enough for all those 1080ti people on the fence, it is a cherry picked board from a batch of boards with a cooler that is totally incredible.\n\n\n\nI\'m planning on slapping a water cooler on the XTX after about 3 months of solid performance and no issues (It is already quiet and cool, so this might not be nessecary, Sapphire really over engineered this card it\'s really impressive) because I\'m all about card longevity.\n\n\n\nOne thing to look out for though, if you make the plunge and grab a 7900 XTX, do not use a mid tier case, its just too big man, this thing was the length of my forearm and really fat - It came with an amazing aluminium support bracket however that sits underneith the card and keeps it from card sag, its really cleverly designed.\n\n\n\nSo! That\'s my 1080ti to 7900 XTX journey, I really hope it helps any 1080ti people on the fence about upgrading, if you\'re got a great mobo and processer, absolutely go for it, it\'s the best purchase I\'ve made in years. \n\n\n\nIf you have any questions about what I did and my process including driver uninstalls radeon impressions and coming back after a few years etc leave a comment happy to help :)\n\n', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/', '14txabd', [['u/Najiell', 32, '2023-07-08 10:03', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4ojvj/', 'I just did', '14txabd'], ['u/floeddyflo', 29, '2023-07-08 10:29', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4qecq/', 'Hey Stepdad, can I have a PC too?', '14txabd'], ['u/theincrediblepigeon', 90, '2023-07-08 11:05', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4swgt/', 'A 13600 and XTX seems like massive overkill for 1080p I can’t lie', '14txabd'], ['u/EiffelPower76', 209, '2023-07-08 11:17', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4tpiy/', 'Donating your previous GPU to a happy gamer is the best thing to do\n\nCongratulations', '14txabd'], ['u/Siridar', 62, '2023-07-08 11:42', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4vgh3/', 'Not seems, it is a massive overkill. If that what OP likes though 🤷\u200d♂️', '14txabd'], ['u/Gasmaskdude27', 16, '2023-07-08 11:48', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4vtno/', 'Should be good for the next 5 years.', '14txabd'], ['u/SpaceDandyJoestar', 10, '2023-07-08 12:12', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4xjqo/', 'Fr. In no way is the 7900XTX a competitor to the 4090', '14txabd'], ['u/Greedy_Hat2643', 10, '2023-07-08 12:39', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4zhns/', 'Bloke wrote a book', '14txabd'], ['u/vanslayder', 29, '2023-07-08 13:04', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr51e0y/', '3080 performance was not enough to upgrade from 1080ti? And you play in 1080p? Wtf man?', '14txabd'], ['u/rico_suaves_sister', 174, '2023-07-08 13:15', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr528pf/', 'damn bro so hyped he wrote a novel', '14txabd'], ['u/da808guy', 10, '2023-07-08 13:17', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr52gkp/', 'Did you try the new drivers? I heard that alot of VR headaches have been slightly improved! ymmv depending on the game tho', '14txabd'], ['u/sumartistdunno', 11, '2023-07-08 13:28', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr53ckk/', 'my rx580 is sweating like crazy if it sees me just hovering over that resolution setting', '14txabd'], ['u/Kuro_Shinobi1993', 13, '2023-07-08 13:29', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr53hga/', "What's up with the insane wattage on the 4090 ? It's more efficient than the 7900xtx 😅\nBut if u play on 1080p it's overkill", '14txabd'], ['u/NateDadamss', 20, '2023-07-08 13:49', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr556yt/', 'dudes probably just excited to have a new card and felt good helping someone else out, not everything is about fake internet points you goon; let him have his moment', '14txabd'], ['u/Nettysocks', 12, '2023-07-08 13:50', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr55bpq/', 'Even if it’s overkill now if OP is going to be using 1080p for the long term future it makes his setup more future proofed. This rig will go on a long time I reckon', '14txabd'], ['u/bluechickenz', 10, '2023-07-08 14:32', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr59a6j/', 'No. You’re 37, son. it’s time to find a job and get your own place.', '14txabd'], ['u/BollyWood401', 64, '2023-07-08 14:58', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5c25a/', 'A whole novel just to say that upgrading from a 7 year old card has benefits lmao 💀', '14txabd'], ['u/Average_Yugo_Enjoyer', 25, '2023-07-08 15:19', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5eae4/', "Yeah that's kinda where this post lost me, 1080p with a 7900xtx is ludicrous, I understand not being hyped about 4k, but 1440p is a massive upgrade imo.", '14txabd'], ['u/NotGooseFromTopGun', 22, '2023-07-08 15:40', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5gs60/', 'Yeah this is definitely the thing to do.', '14txabd'], ['u/Dutch_H', 13, '2023-07-08 16:09', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5kc5q/', 'Lost me after the second paragraph. lol.', '14txabd'], ['u/DUIguy87', 18, '2023-07-08 16:30', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5myyt/', 'Its such a weird place to draw the line when talking about wanting to water cool a 7900xtx too. Here’s my Ferrari that I’m about to turbocharge, but I think anything above 30mph is just not worth it.', '14txabd'], ['u/Spaghetti-Bolsonaro', 11, '2023-07-08 17:17', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5t43a/', 'He just REALLY wanted recognition for doing a good deed.', '14txabd'], ['u/Consistent_Street476', 11, '2023-07-08 18:19', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr61o01/', 'This is how my brother got me into PC gaming. Gave me a handful of old parts and I filled in the rest. After 3 years I finally built another PC just a few weeks back so I can play modern games now too.', '14txabd']]], ['u/Sarquandingo', 'Crossing borders with seed phrase stamped on metal', 15, '2023-07-08 10:07', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/', 'Howdy doo\n\nI am packing up my life and going to be travelling around for a while.\n\nI\'ve stamped my seed phrase onto a small piece of aluminium, probably about 6"x2", as this seems better than a flimsy little bit of card.\n\nI don\'t want to leave it with the rest of my stuff as I don\'t have a high security lock up (it\'s at a friend\'s farm in a mobile container) however, my question is, when I\'m travelling , assumedly this will show up thru my bag on metal detectors and is likely to draw unwanted attention from airport security...\n\nOh what\'s this?\n\nUhh my seed phrase for my bitcoin\n\nSeems to defeat the purpose by drawing attention, and I wonder if some uneducated cross border security might even think you\'re doing something illegal.\n\nI\'m going to Asia and Europe most likely.\n\nOr am I overthinking it.\nLess concerning but still a worry is travelling with such a thing. I\'d have to keep it in my bag with me at all times I guess, it just scares me to think I\'m essentially carrying around most of my BTC everywhere I go.\n\nAny thoughts / advice appreciated.\n\nThanks.\n\n\nEdit: thanks for the replies all. Very useful suggestions here.', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/', '14txwku', [['u/Rubixonn', 12, '2023-07-08 11:04', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr4stlm/', 'Be aware that anything you type in ChatGPT can be used for further training of the model and potentially compromised.\n\nNever type your seed into anything.', '14txwku'], ['u/Miroist', 10, '2023-07-08 11:07', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr4szx6/', 'Have you a actually given your seed phrase to ChatGPT? Brother, I would migrate your funds.', '14txwku'], ['u/InstallDowndate', 39, '2023-07-08 12:24', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr4ycfx/', 'Memorize them. It’s only 12 or 24 words. YouTube how to memorize stuff. \n\nOr write a journal and use some pattern to include the words. For example page 1-24 could each include one keyword as the last word of the first sentence. \n\nOr, in your journal use a invisible ink pen to write the words down on an empty page, or one word per page across 24 pages. \n\nIf you something like this, it would still be good to memorize them just in case. \n\nFor long term storage in a station stationary spot, use metal. But if short term crossing a border can have some fun and be a hardy boy for a few days.', '14txwku'], ['u/LodbrokISkiller', 21, '2023-07-08 13:12', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr521h7/', 'Please don’t take it with you. A lot can happen during travel. Bags get stolen or lost, anything can happen.\n\nTake advice from these comments, and either store it somewhere else and/or memorize it.', '14txwku'], ['u/mightyroy', 13, '2023-07-08 15:34', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr5g3fi/', 'This is dangerous, if you hit your head and forgot just a couple of words you are doomed!', '14txwku']]], ['u/stox2', 'Reasons against bitcoin?', 152, '2023-07-08 10:59', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/', 'The more I am digging into the topic of bitcoin and the more posts I see here on this subreddit, I am questioning myself if there are any real arguments against bitcoin. Everything I see here are new achievements or further adoption of bitcoin. Mainstream media generally uses outdated arguments like energy inefficency or money laundering/illegal activities. But I havent come across a real negative argument. Dont get me wrong, Im totally into bitcoin but as a rational investor Im always searching for arguments of both sides. Thanks!', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/', '14tyv9x', [['u/SolidWoodTeaser', 14, '2023-07-08 11:06', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4sxuq/', 'Bitcoin is possibly the most genius invention since the wheel\n\nhttps://bitcoin.org/bitcoin.pdf', '14tyv9x'], ['u/Hank___Scorpio', 186, '2023-07-08 11:48', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4vuox/', "Humans aren't very bright and have been in this endless loop of convenience over anything.\n\nMost people have no clue as to why bitcoin is superior. Most people don't even know where to start to even begin that analysis. \n\nHow do you get people to both use something less convenient that they don't understand the reasoning behind.\n\nHumans are the strongest argument against bitcoin.", '14tyv9x'], ['u/TotesGnar', 16, '2023-07-08 11:52', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4w5dz/', 'Honestly no, there aren\'t any real arguments against it. There are good points, but generally most things are FUD or just go in circles. \n\nMost people who are against Bitcoin tend to be intellectually dishonest for the most part, so talking to them doesn\'t really go anywhere relevant.\n\nI really have tried to disprove it for myself and I have struggled.\n\n\n\nExample of a common circular argument: Bitcoin would fail as a currency due to how slow the block times are.\n\nAnswer: It doesn\'t matter. Bitcoin isn\'t trying to solve the problem of you buying Starbucks quickly. It\'s trying to solve the problem of you owning liquid property that also isn\'t debased. The real answer to this isn\'t "Bitcoin\'s block times are fine" or "We can use layer 2 solutions". These answers lead to a circular argument that can never be proven or dis-proven.\n\nNo, the answer is it doesn\'t matter. Whether Bitcoin becomes widely accepted currency or not doesn\'t matter. Bitcoin is so much more important than mere currency. It\'s solving much bigger things. As long as the Bitcoin block times are faster than buying/selling Real Estate that\'s all it needs to do to gain adoption as people understand where to store their wealth and shield it against monetary debasement over time. If you eventually can buy Starbucks with it too, that\'s a cherry on top. Next.', '14tyv9x'], ['u/Flexo82', 48, '2023-07-08 12:19', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y0zh/', 'There are very few reasons against Bitcoin that makes sense.\n\nOne thing I have come across is how do you ensure generational wealth through generations. If you loose your keys, your coins are gone.\n\nThe risk of individuals custodying their own bitcoin and not being able to hamd them down when they die is possibly the biggest risk to bitcoin as this will be a worry to Mr. And Ms. Smith.\n\nEventuelly this problem will be solved, but currently it requires trust and that is what Bitcoin was invented to eliminate from the system.', '14tyv9x'], ['u/jojothehodler', 36, '2023-07-08 12:20', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y470/', 'That is freaking true !\n\nAnd worth crying...\n\nThere are so much innovations that could make our lives better but we just don\'t collectively use it because of convenience...\n\nDecentralized internet, decentralized currency...one could even make a pretty robust political system using decentralization and "people" involvement...but it would be very hard to use...needing years of training for all...so we just sit in our own shit and yells that we are mad because it smells bad...', '14tyv9x'], ['u/mylittlegoochie', 11, '2023-07-08 12:22', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y7jg/', 'Think the only negative argument is that Bitcoin requires at the moment fiat to function as a medium of exchange. You must exchange fiat for Bitcoin and vice versa. Until you can buy property (cars, houses etc.) with Bitcoin it is going to be held back. Some see it as a scam as a result of this. Their argument is that it only works providing there is a demand for it in the sense that people will exchange fiat for it.', '14tyv9x'], ['u/Hank___Scorpio', 19, '2023-07-08 12:23', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y9qc/', "5% off if you pay with bitcoin stickers at people's favorite retailer is literally the only thing that will drive mass adoption. Even then..... 5% is probably not enough. Probably have to be like 60.", '14tyv9x'], ['u/stox2', 10, '2023-07-08 12:27', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4ylt0/', 'Okay thats interesting, havent thought about this.', '14tyv9x'], ['u/jojothehodler', 21, '2023-07-08 12:31', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4yull/', "Yeah, with layer 2 solutions which pretty much erase all fees, this is already a 5-15% off for the seller compared to Visa fees.\n\nThis is also a 99.9999% reduction in time to wait for a final settlement which cannot be canceled. Visa takes 6 month. BTC takes 30 minutes. Layer 2 takes 10 seconds.\n\nThere is already a very big incentive for merchants to use BTC. The only downside is complexity...which to be honest has been reduced so much in the last 10 years that it becomes more and more a bad faith argument. One could create a BTC payment system in like 2 hours...4 hours if you know nothing about it. There are dozens of helper-system already available which can make it in 10 minutes.\n\nReal real problem becomes more and more the good old habit. We (as humans) don't like change. Why change something that works ? Because you system works a thousand times better ? Meh...mine works just fine... :p\n\nThat's why what we really need is time...time to kill the bad habits...or wait until they die naturally...", '14tyv9x'], ['u/benjaminchodroff', 17, '2023-07-08 12:50', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr50anb/', 'It remains unclear (to me at least) if transaction fees alone will be enough to provide decentralized security via proof of work mining once all 21 million coins are mined. I would love to learn more from others on this subject.', '14tyv9x'], ['u/jojothehodler', 12, '2023-07-08 14:52', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr5bdg3/', "And if you make 10 minutes of research on the matter, you will discover there are hundreds of technical solutions to this problem.\n\nMulti-keys, time-locks, escrows...the solutions exists...but the people don't want to make the effort to learn which is best suited for them and then setting it up. It does require a few days of efforts to make those kind of big decisions...and so you have less time for Netflix...", '14tyv9x']]], ['u/ckd001', 'Top up fees now ~5%', 15, '2023-07-08 12:10', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/', 'In the early days it used to cost less than 1% to load the Visa card with BTC or ETH (all in cost: spread plus fees). Now it’s ~5%. I realize this is a bear market and they want to make money, but I’m not prepared to take a 5% hit to spend my crypto. There are other competing products now, so this is not sustainable. Any chance things improve?', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/', '14u07o0', [['u/PaulTheMartian', 49, '2023-07-08 14:01', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/jr56bdu/', 'Simple: stop paying fees.\n\nInstead, deposit money into your fiat wallet for free. Then, move money from your fiat wallet to your debit card. No fees', '14u07o0'], ['u/KateR_H0l1day', 25, '2023-07-08 14:37', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/jr59vta/', 'In the years I’ve used CDC, I’ve never once paid any fees to top up my card, I just don’t understand why people actually do this sort of thing! Unless you’ve absolutely no funds and have to resort to using your crypto as a last resort.', '14u07o0']]], ['u/Salty_Dragonfruit336', "If you're in a position to get a bitcoin, consider it.", 85, '2023-07-08 12:54', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/', "This is not financial advice, but I can honestly see, we will be talking about how many sats we have as opposed to how many btcs we have in the very near future. \n\nBitcoin is international, it cannot be manipulated by governments with sanctions etc, it's relatively easy to transact. It's a global currency that no one can dictate. It doesn't discriminate against good or evil. \n\nIt's for everyone.", 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/', '14u10uw', [['u/Hank___Scorpio', 16, '2023-07-08 13:03', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr51bfl/', "This probably isn't the sub for that.", '14u10uw'], ['u/evgeniy_pp', 21, '2023-07-08 13:03', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr51cgo/', 'Preaching to the choir.', '14u10uw'], ['u/Noremacmate', 68, '2023-07-08 13:17', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr52gqh/', "Now post this in the buttcoin sub and I'll grab my popcorn 😂🍿", '14u10uw'], ['u/son_lux_', 24, '2023-07-08 15:56', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5irh7/', 'It’s like telling r/hydrohomies to drink water instead of soda.', '14u10uw'], ['u/N7DJN8939SWK3', 22, '2023-07-08 16:44', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5oq8w/', 'Shit. I should be buying buttcoin too?', '14u10uw'], ['u/bearCatBird', 14, '2023-07-08 17:14', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5srb4/', 'It changes every cycle. \n\n2013 it was “can you get 21 btc?”\n\n2017 it was “can you get 2.1 btc?”\n\n2021 it was “can you get a whole coin?”\n\n2024 will be “can you get 21,000,000 sats?”', '14u10uw'], ['u/bearCatBird', 14, '2023-07-08 17:16', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5sz6o/', 'Buttcoin works a lot better if you also buy TP coin. They are interoperable.', '14u10uw']]], ['u/Such_Confusion_5902', '$200k NW at 26 my goal is to get $1m by 30. Any recommendation and thoughts are highly appreciated', 21, '2023-07-08 13:33', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/', 'Hi all, I want to share my current situation. Any recommendation is highly appreciated:\n\n- 26 years old\n- total comp c. $200k per year \n- all my income net of expenses are being DCA into stocks\n- monthly expenses is around 2k max. \n- my goal is to get 1m before I turn 30. By gross income I will fall 200k short \n- Live in low income tax country (e.g., Switzerland, SG)\n- portfolio allocation: 120k in VOO and QQQM (70-30), 20k emergency fund, 60k money market funds at 5% per year. To give the background, the 60k is currently being DCAed into stock at a rate of 2k per month, the rationale is to have some downside protection in case of market crash \n\nShould I be more aggressive and invest a portion of my wealth in crypto (obviously not in shitty coins, it would likely be in BTC or ETH, if any)? Should I invest more in Nasdaq?', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/', '14u1sp5', [['u/o2msc', 37, '2023-07-08 14:16', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr57rqw/', 'No, you should not invest in crypto unless you are prepared to lose it all. If you HAVE to hit $1 Million the day you turn 30 for some reason then the most realistic/safest option remains increasing your income.', '14u1sp5'], ['u/chethrowaway1234', 68, '2023-07-08 15:50', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr5i01j/', 'Make more money', '14u1sp5'], ['u/extrabeefy', 14, '2023-07-08 16:16', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr5l8c1/', "Slow and steady wins the race. Don't gamble away your savings on crypto. Your already in a fantastic position. Work hard, make more if you can, and you'll hit 1 mil", '14u1sp5'], ['u/Squirmme', 34, '2023-07-08 17:37', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr5vxep/', 'What advice do you actually asking? You already did the math it isn’t possible unless the market appreciates a ton. Also, what is your effective tax rate? I think you could be investing 90k per year instead of 60k… if you really wanted to', '14u1sp5'], ['u/DjangoFIRE', 15, '2023-07-08 19:30', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr6bmrr/', 'I hope you’re enjoying life too along the way. It’s precious. Even if you get there by 33, you’re doing amazingly well.', '14u1sp5']]], ['u/Simke11', 'List of alts that set ATHs in both of last 2 cycles', 144, '2023-07-08 14:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/', "Here is a list of alts that have been through more last two cycles and have also set an ATH in each cycle.\n\nI've looked at top 150 coins by mcap on CMC (excluding BTC, ETH and stables). Prices are in USD.\n\nCouple of things to note:\n\n* Some coins (BNB, ADA, LINK and ENJ) were launched at the peak of the bull, so haven't been through price discovery on their first cycle. Make of that what you will. \n* I have also excluded coins that have launched in Q2 -Q4 of 2018. Most of them would have set ATH in 2018 and then another one in 2021, but because they launched after bull market had finished I decided not to include them\n\nIn summary, out of the current top 150, only 18 alts have set ATHs in both of the previous two cycles. Some of them by luck of being launched near the top of the bull market, and some have just barely reached new ATH in 2nd cycle.\n\n\n\n\|Coin\|Current Rank\|2017 ATH\|2021 ATH\|\n\|:-\|:-\|:-\|:-\|\n\|BNB\|4\|22.77\|639\|\n\|ADA\|7\|1.094\|2.99\|\n\|DOGE\|8\|0.01223\|0.58\|\n\|LTC\|10\|314.66\|354.51\|\n\|LINK\|22\|0.77\|49.16\|\n\|XMR\|25\|418.53\|475.82\|\n\|ETC\|27\|40\|127.33\|\n\|FIL\|30\|25.6\|187\|\n\|MKR\|42\|1700\|5982\|\n\|KCS\|67\|20.61\|25.72\|\n\|LRC\|100\|2.24\|3.2\|\n\|GNO\|101\|410\|592\|\n\|ENJ\|102\|0.46\|4.2\|\n\|BAT\|108\|0.8\|1.62\|\n\|DCR\|116\|117\|235\|\n\|WAVES\|128\|16.3\|52.3\|\n\|ZRX\|148\|2.05\|2.16\|\n\n", 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/', '14u33lp', [['u/TinaBack43', 16, '2023-07-08 14:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5a1wv/', 'I am bullish on LTC and LINK in the next bullrun', '14u33lp'], ['u/schmopfkerzen', 31, '2023-07-08 14:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5a8hr/', '\\strikes LTC and LINK off list\\', '14u33lp'], ['u/n1ghsthade', 12, '2023-07-08 14:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5afcx/', "You're a professional r/cc user I see", '14u33lp'], ['u/MrMeowManchego', 51, '2023-07-08 14:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5anqv/', 'Nice post! Some really interesting data there.\n\n I find it really funny to think there would have been a period inbetween where a bunch of people would have been kicking themselves for buying the 2017 top.\n\nBut any one who held on until 2021 did great!', '14u33lp'], ['u/Latics_Tommy', 35, '2023-07-08 14:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5b1xn/', 'Lrc to explode next bull run', '14u33... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Bloomberg) -- Billionaire Mukesh Ambani’s soon to be spun out financial services unit recommended his daughter Isha Ambani as a non-executive director of the board, underscoring the latest succession planning within his retail-to-refining empire.\nMost Read from Bloomberg\n• Singapore Arrests Minister, Property Tycoon in Graft Probe\n• How Much Income You Need to Crack America's Richest 1%\n• DeSantis Says No Thanks to $377 Million in US Energy Funds\n• Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud\n• Microsoft, Activision Eye UK Rights Sale to Get Merger Done\nReliance Strategic Investments Ltd., which will be known as Jio Financial, approved the appointment of Rajiv Mehrishi, who previously served as the Comptroller and Auditor General of India, Sunil Mehta and Bimal Manu Tanna as independent directors, according to a filing on Saturday.\nIsha is part of the leadership team at Reliance Retail Ventures Ltd., where she is driving expansion into new business lines, geographies and formats, the company said in the filing. Isha played a pivotal role in the 2016 launch of the mobile data network Jio, the filing said.\nRead More: Ambani to List Financial Services, Rejig Engineering Business\nAmbani, who was locked in a bitter succession feud with his younger brother Anil Ambani about two decades ago, is seeking to avoid a similar power struggle among his three children. Last year, his eldest son Akash Ambani took over as chairman of wireless operator Reliance Jio Infocomm Ltd. Younger son Anant Ambani has taken on the group’s renewable energy flank.\nMost Read from Bloomberg Businessweek\n• South Korea’s Archaic Rental System Is Costing People Their Life Savings\n• What If the Next Big Social Media App Is ... Nothing?\n• A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows\n• New Bitcoin ETFs Now? Amid the Crypto Crackdown?\n• iQuit: My Hellish Attempt to Leave Apple’s Walled Garden\n©2023 Bloomberg L.P.", "(Bloomberg) -- Billionaire Mukesh Ambani\x92s soon to be spun out financial services unit recommended his daughter Isha Ambani as a non-executive director of the board, underscoring the latest succession planning within his retail-to-refining empire. Most Read from Bloomberg Singapore Arrests Minister, Property Tycoon in Graft Probe How Much Income You Need to Crack America's Richest 1% DeSantis Says No Thanks to $377 Million in US Energy Funds Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud Microsoft, Activision Eye UK Rights Sale to Get Merger Done Reliance Strategic Investments Ltd., which will be known as Jio Financial, approved the appointment of Rajiv Mehrishi, who previously served as the Comptroller and Auditor General of India, Sunil Mehta and Bimal Manu Tanna as independent directors, according to a filing on Saturday. Isha is part of the leadership team at Reliance Retail Ventures Ltd., where she is driving expansion into new business lines, geographies and formats, the company said in the filing. Isha played a pivotal role in the 2016 launch of the mobile data network Jio, the filing said. Read More: Ambani to List Financial Services, Rejig Engineering Business Ambani, who was locked in a bitter succession feud with his younger brother Anil Ambani about two decades ago, is seeking to avoid a similar power struggle among his three children. Last year, his eldest son Akash Ambani took over as chairman of wireless operator Reliance Jio Infocomm Ltd. Younger son Anant Ambani has taken on the group\x92s renewable energy flank. Most Read from Bloomberg Businessweek South Korea\x92s Archaic Rental System Is Costing People Their Life Savings What If the Next Big Social Media App Is ... Nothing? A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows New Bitcoin ETFs Now? Amid the Crypto Crackdown? iQuit: My Hellish Attempt to Leave Apple\x92s Walled Garden ©2023 Bloomberg L.P.", "When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like inBitcoin Well Inc.'s(CVE:BTCW) instance, it's good news for shareholders.\nWhile insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.\nView our latest analysis for Bitcoin Well\nIn the last twelve months, the biggest single purchase by an insider was when Director Terry Rhode bought CA$71k worth of shares at a price of CA$0.064 per share. That means that even when the share price was higher than CA$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.\nIn the last twelve months Bitcoin Well insiders were buying shares, but not selling. Their average price was about CA$0.051. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!\nBitcoin Well is not the only stock that insiders are buying. For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket.\nThere was some insider buying at Bitcoin Well over the last quarter. Director Terry Rhode purchased CA$37k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.\nI like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bitcoin Well insiders own about CA$4.8m worth of shares (which is 50% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.\nInsider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Bitcoin Well insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows5 warning signs for Bitcoin Well(4 make us uncomfortable!) and we strongly recommend you look at them before investing.\nIf you would prefer to check out another company -- one with potentially superior financials -- then do not miss thisfreelist of interesting companies, that have HIGH return on equity and low debt.\nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", "When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like inBitcoin Well Inc.'s(CVE:BTCW) instance, it's good news for shareholders.\nWhile insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.\nView our latest analysis for Bitcoin Well\nIn the last twelve months, the biggest single purchase by an insider was when Director Terry Rhode bought CA$71k worth of shares at a price of CA$0.064 per share. That means that even when the share price was higher than CA$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.\nIn the last twelve months Bitcoin Well insiders were buying shares, but not selling. Their average price was about CA$0.051. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!\nBitcoin Well is not the only stock that insiders are buying. For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket.\nThere was some insider buying at Bitcoin Well over the last quarter. Director Terry Rhode purchased CA$37k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.\nI like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bitcoin Well insiders own about CA$4.8m worth of shares (which is 50% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.\nInsider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Bitcoin Well insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows5 warning signs for Bitcoin Well(4 make us uncomfortable!) and we strongly recommend you look at them before investing.\nIf you would prefer to check out another company -- one with potentially superior financials -- then do not miss thisfreelist of interesting companies, that have HIGH return on equity and low debt.\nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", "When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Bitcoin Well Inc.'s ( CVE:BTCW ) instance, it's good news for shareholders. While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares. View our latest analysis for Bitcoin Well Bitcoin Well Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Director Terry Rhode bought CA$71k worth of shares at a price of CA$0.064 per share. That means that even when the share price was higher than CA$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. In the last twelve months Bitcoin Well insiders were buying shares, but not selling. Their average price was about CA$0.051. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! insider-trading-volume Bitcoin Well is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Insiders At Bitcoin Well Have Bought Stock Recently There was some insider buying at Bitcoin Well over the last quarter. Director Terry Rhode purchased CA$37k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor. Story continues Insider Ownership Of Bitcoin Well I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bitcoin Well insiders own about CA$4.8m worth of shares (which is 50% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. So What Do The Bitcoin Well Insider Transactions Indicate? Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Bitcoin Well insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 5 warning signs for Bitcoin Well (4 make us uncomfortable!) and we strongly recommend you look at them before investing. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session You\x92ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here", 'Illustration by Mitchell Preffer for Decrypt The prices of Bitcoin and Ethereum this week remained trapped in amber due to a dearth of both adoption or regulation stories. The week also saw the launch of Meta’s Threads, an Instagram-based microblogging site that looks suspiciously like Twitter. Don’t expect to see This Week on Crypto Threads just yet, however. In spite of the mass onboarding (ten million users in a few hours), Twitter will probably remain the Cryptoverse’s platform of choice for the foreseeable future. The week began with a DAO hack that severely disrupted the NFT market. Azuki DAO was formed by disgruntled Azuki NFT holders who banded together to coordinate a lawsuit demanding a $38 million refund from the Azuki’s creator, Chiru Labs, after its most recent release appeared to shamelessly plagiarize the original collection and do even better. The DAO itself was exploited for tens of thousands of dollars and appeared to have a knock-on effect on Yuga Labs’s iconic blue chip Bored Ape and Mutant Ape Yacht Club NFT collections, tweeted blockchain journalist Colin Wu. Affected by the Azuki incident, the NFT market fell sharply again in the past 24h. BAYC fell 16% and fell below 30 ETH, MAYC fell 20% and fell below 5 ETH, and Azuki fell 11% and fell below 6 ETH. The overall market value of the NFT market has fallen by 53% to 3.33million ETH in… — Wu Blockchain (@WuBlockchain) July 3, 2023 Beeple, the digital artist who currently holds the record for the most expensive NFT sold at auction— $69.3 million for his 10,000 Days collection—resurfaced in a headline in The Art newspaper. He donated a censored NFT of disgraced former FTX CEO Sam Bankman-Fried having an orgy with himself to an Italian art gallery. Molto bene! The artist @beeple has donated a "censored" NFT work starring the disgraced crypto entrepreneur Sam Bankman-Fried to an Italian museum @rivolicast https://t.co/HjYrb8c1OI — The Art Newspaper (@TheArtNewspaper) July 3, 2023 The Twitter account for crypto trading platform Bitfinex was seen dispensing some serious hopium on Monday. Story continues 🧵 The current #BTC 30-31k level is critical. This zone served as a rebound point in Jan 2021 after a 35% depreciation, leading to the $64,800 peak. https://t.co/wtjPwPhal9 — Bitfinex (@bitfinex) July 3, 2023 The next day, Gemini co-founder Cameron Winklevoss shared an open letter to Digital Currency Group CEO Barry Silbert who, according to Winklevoss, owes users of Gemini’s Earn program around a billion dollars. This feud has appeared in our Twitter roundup before , but this week Winklevoss channeled it into its logical conclusion: the courtroom. He warned Silbert about it three days in advance. Earn Update: An Open Letter to @BarrySilbert pic.twitter.com/ErsYpcEjQD — Cameron Winklevoss (@cameron) July 4, 2023 Silbert may have just put his head in the sand, because it appears he didn’t respond to Winklevoss’s offer to negotiate. On Friday, Winklevoss posted a lengthy lawsuit thread with screenshots of his filing, alleging some very underhand stalling tactics on Silbert’s part. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors, he was directly and personally involved in perpetrating it. — Cameron Winklevoss (@cameron) July 7, 2023 Billionaire Shark Tank star, Dallas Mavericks owner, and high-profile crypto fan Mark Cuban jumped on a thread by crypto skeptic lawyer John Reed Stark in order to praise Japan’s regulatory approach to crypto. The pair exchanged essays; Stark replied : “To me, crypto is not innovation – it’s mathematical computational blather typically dressed up by trickery and marketing theater.” You should read up on how Japan deals with regulation. https://t.co/yHCVwZAqvG When FTX crashed, NO ONE IN FTX JAPAN LOST MONEY. If the USA/SEC had followed their example by setting clear regulations that required the separation of customer and business funds and clear… https://t.co/Msvn9o9PCU — Mark Cuban (@mcuban) July 4, 2023 On Friday, Binance CEO Changpeng Zhao was swatting away rumors that his workforce was shrinking. The exchange and its CEO was recently sued by the SEC for alleged securities violations. 4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong. As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months… — CZ 🔶 Binance (@cz_binance) July 6, 2023 That day, Polygon Labs’ president Ryan Wyatt announced he’s leaving his position at the end of the month, but he’s staying adjacent to both the industry and Polygon. It\'s bittersweet to share I am leaving @0xPolygonLabs at the end of the month! @0xMarcB , our Chief Legal Officer, will be stepping up & leading working closely with @sandeepnailwal ! For me, I\'ll be advising Polygon, investing, & staying in the industry! More to come later. pic.twitter.com/ssPaY79oRc — Ryan Wyatt (@Fwiz) July 7, 2023 The founder of DeFi lending protocol Swivel Finance, Julien Traversa, noticed that something’s up with the now-defunct stablecoin issuer Fei Protocol’s Discord. It was taken over by the Superior Court of California for San Francisco County! Looks like @feiprotocol \'s discord has been taken over by San Fransisco\'s superior courts This is the first I\'ve personally seen courts take over a discord, is this common? A link to the class action -- https://t.co/fD20xLofTX pic.twitter.com/5HI1EpFZp2 — Julian Traversa (@TraversaJulian) July 7, 2023 Finally, machine learners can now pay each other in Bitcoin. Should we be worried? Artificial intelligence programs like ChatGPT have learned how to send bitcoin payments. To put this in other words... Machines can pay other machines. pic.twitter.com/j9VtLxpJc8 — Documenting ₿itcoin 📄 (@DocumentingBTC) July 7, 2023', 'The prices of Bitcoin and Ethereum this week remainedtrapped in amberdue to a dearth of both adoption or regulation stories.\nThe week also saw the launch of Meta’s Threads, an Instagram-based microblogging site that looks suspiciously like Twitter. Don’t expect to see This Week on Crypto Threads just yet, however. In spite of themass onboarding(ten million users in a few hours), Twitter will probably remain the Cryptoverse’s platform of choice for the foreseeable future.\nThe week began with aDAO hackthat severely disrupted the NFT market. Azuki DAO was formed by disgruntled Azuki NFT holders who banded together to coordinate a lawsuit demanding a $38 million refund from the Azuki’s creator, Chiru Labs, after its most recent release appeared to shamelessly plagiarize the original collection and do even better.\nThe DAO itself was exploited for tens of thousands of dollars and appeared to have a knock-on effect on Yuga Labs’s iconic blue chip Bored Ape and Mutant Ape Yacht Club NFT collections, tweeted blockchain journalist Colin Wu.\nBeeple, the digital artist who currently holds the record for the most expensive NFT sold at auction—$69.3 millionfor his 10,000 Days collection—resurfaced in a headline in The Art newspaper. He donated a censored NFT of disgraced former FTX CEO Sam Bankman-Fried having an orgy with himself to an Italian art gallery. Molto bene!\nThe Twitter account for crypto trading platform Bitfinex was seen dispensing some serious hopium on Monday.\nThe next day, Gemini co-founder Cameron Winklevoss shared an open letter to Digital Currency Group CEO Barry Silbert who, according to Winklevoss, owes users of Gemini’s Earn program around a billion dollars. This feud has appeared in our Twitter roundupbefore, but this week Winklevoss channeled it into its logical conclusion: the courtroom. He warned Silbert about it three days in advance.\nSilbert may have just put his head in the sand, because it appears he didn’t respond to Winklevoss’s offer to negotiate. On Friday, Winklevoss posted a lengthy lawsuit thread with screenshots of his filing, alleging some very underhand stalling tactics on Silbert’s part.\nBillionaire Shark Tank star, Dallas Mavericks owner, and high-profile crypto fan Mark Cuban jumped on a thread by crypto skeptic lawyer John Reed Stark in order to praise Japan’s regulatory approach to crypto. The pair exchanged essays; Starkreplied: “To me, crypto is not innovation – it’s mathematical computational blather typically dressed up by trickery and marketing theater.”\nOn Friday, Binance CEO Changpeng Zhao was swatting away rumors that his workforce was shrinking. The exchange and its CEO was recentlysuedby the SEC for alleged securities violations.\nThat day, Polygon Labs’ president Ryan Wyatt announced he’s leaving his position at the end of the month, but he’s staying adjacent to both the industry and Polygon.\nThe founder of DeFi lending protocol Swivel Finance, Julien Traversa, noticed that something’s up with thenow-defunct stablecoinissuer Fei Protocol’s Discord. It was taken over by the Superior Court of California for San Francisco County!\nFinally, machine learners can now pay each other in Bitcoin. Should we be worried?', '“I think if we want Bitcoin to be more than payments, it needs more scaling solutions,” said Vitalik Buterin, on aTwitter Spacesthis week, pointing to several experiments thatEthereumhas been trying out over the past years.\nBut the main problem, for him, is politics.\n“Bitcoin has really weird politics,” he said, adding that he “doesn’t vibe with them.”\nOver 32,000 people tuned in to listen as the Ethereum inventor talked with "altcoin slayer"Eric Walland Bitcoin developerUdi Wertheimerabout what Bitcoiners can learn from Ethereum.\nThe trio tackled one of the main pain points of the world\'s biggest cryptocurrency by market cap: Bitcoin\'sslow transactionthroughput, and thus the need for layer twoscaling approachesto increase the speed at which people can send and receive the digital asset.\nThe majority of the discussion revolved around scaling, which is where Buterin, Wall, and Wertheimer think Bitcoiners could learn the most from the presumed rival chain.\n“I think if we want Bitcoin to be more than just payments, it will need scaling options like Plasma or ZKRollups,” said Buterin, both of which have been tried on Ethereum.OptimismandArbitrumare two successful examples of “rollups” that could serve as case studies for Bitcoin, he said, adding that it would “be good to have an open mind” with regards to ZK-snark based solutions—indicating a clear preference.\nEthereum has been experimenting with a wide variety of scaling solutions over the years, and is in the process of its latest update,EIP-4844, which introduces blob blocks–enabling up to100,000 transactions per second.\nWall pushed the idea thatBitcoinshould be studying these trials, fearing that the ecosystem will be left with less secure rollups. Buterin responded that the proposal will likely draw “controversy with security hawks.”\nWall, who has been taking center stage as of late with theTaproot Wizards, brought up Bitcoin’ssecurity model, and the 21 million hard cap.It’s a question that Buterin said he has grappled with, although he pointed toOrdinalsas providing a reasonable fee market to cover the reducing block subsidies as well as subsequent security concerns.\nButerin also thinks Ordinals have brought a “return to builder culture” which in his words “is very good.” He added that he “definitely see signs of hope now that we have Ordinals,” calling them a “real pushback tolaser eyedmaximalism.”\nButerin also tried to find ten things that both ecosystems shared. He pointed to claims of immutability by both chains, along with the fact they both have issues with layer-1 privacy. Buterin also mentioned that both Ethereum and Bitcoin have showcased how difficult it is to do things indecentralized consensus models.\nThe Ethereum co-founder ended on a rather optimistic note, trying possibly to bring together both communities.\n“I think a world where there is at least one of these chains is better than one with none,” he concluded.', '\x93I think if we want Bitcoin to be more than payments, it needs more scaling solutions,\x94 said Vitalik Buterin, on a Twitter Spaces this week, pointing to several experiments that Ethereum has been trying out over the past years. But the main problem, for him, is politics. \x93Bitcoin has really weird politics,\x94 he said, adding that he \x93doesn\x92t vibe with them.\x94 Over 32,000 people tuned in to listen as the Ethereum inventor talked with "altcoin slayer" Eric Wall and Bitcoin developer Udi Wertheimer about what Bitcoiners can learn from Ethereum. The trio tackled one of the main pain points of the world\'s biggest cryptocurrency by market cap: Bitcoin\'s slow transaction throughput, and thus the need for layer two scaling approaches to increase the speed at which people can send and receive the digital asset. The majority of the discussion revolved around scaling, which is where Buterin, Wall, and Wertheimer think Bitcoiners could learn the most from the presumed rival chain. \x93I think if we want Bitcoin to be more than just payments, it will need scaling options like Plasma or ZK Rollups ,\x94 said Buterin, both of which have been tried on Ethereum. Optimism and Arbitrum are two successful examples of \x93rollups\x94 that could serve as case studies for Bitcoin, he said, adding that it would \x93be good to have an open mind\x94 with regards to ZK-snark based solutions\x97indicating a clear preference. Ethereum has been experimenting with a wide variety of scaling solutions over the years, and is in the process of its latest update, EIP-4844 , which introduces blob blocks\x96enabling up to 100,000 transactions per second . Wall pushed the idea that Bitcoin should be studying these trials, fearing that the ecosystem will be left with less secure rollups. Buterin responded that the proposal will likely draw \x93controversy with security hawks.\x94 Wall, who has been taking center stage as of late with the Taproot Wizards , brought up Bitcoin\x92s security model , and the 21 million hard cap. It\x92s a question that Buterin said he has grappled with, although he pointed to Ordinals as providing a reasonable fee market to cover the reducing block subsidies as well as subsequent security concerns. Story continues Buterin also thinks Ordinals have brought a \x93return to builder culture\x94 which in his words \x93is very good.\x94 He added that he \x93definitely see signs of hope now that we have Ordinals,\x94 calling them a \x93real pushback to laser eyed maximalism.\x94 Buterin also tried to find ten things that both ecosystems shared. He pointed to claims of immutability by both chains, along with the fact they both have issues with layer-1 privacy. Buterin also mentioned that both Ethereum and Bitcoin have showcased how difficult it is to do things in decentralized consensus models . The Ethereum co-founder ended on a rather optimistic note, trying possibly to bring together both communities. \x93I think a world where there is at least one of these chains is better than one with none,\x94 he concluded.', '“I think if we want Bitcoin to be more than payments, it needs more scaling solutions,” said Vitalik Buterin, on aTwitter Spacesthis week, pointing to several experiments thatEthereumhas been trying out over the past years.\nBut the main problem, for him, is politics.\n“Bitcoin has really weird politics,” he said, adding that he “doesn’t vibe with them.”\nOver 32,000 people tuned in to listen as the Ethereum inventor talked with "altcoin slayer"Eric Walland Bitcoin developerUdi Wertheimerabout what Bitcoiners can learn from Ethereum.\nThe trio tackled one of the main pain points of the world\'s biggest cryptocurrency by market cap: Bitcoin\'sslow transactionthroughput, and thus the need for layer twoscaling approachesto increase the speed at which people can send and receive the digital asset.\nThe majority of the discussion revolved around scaling, which is where Buterin, Wall, and Wertheimer think Bitcoiners could learn the most from the presumed rival chain.\n“I think if we want Bitcoin to be more than just payments, it will need scaling options like Plasma or ZKRollups,” said Buterin, both of which have been tried on Ethereum.OptimismandArbitrumare two successful examples of “rollups” that could serve as case studies for Bitcoin, he said, adding that it would “be good to have an open mind” with regards to ZK-snark based solutions—indicating a clear preference.\nEthereum has been experimenting with a wide variety of scaling solutions over the years, and is in the process of its latest update,EIP-4844, which introduces blob blocks–enabling up to100,000 transactions per second.\nWall pushed the idea thatBitcoinshould be studying these trials, fearing that the ecosystem will be left with less secure rollups. Buterin responded that the proposal will likely draw “controversy with security hawks.”\nWall, who has been taking center stage as of late with theTaproot Wizards, brought up Bitcoin’ssecurity model, and the 21 million hard cap.It’s a question that Buterin said he has grappled with, although he pointed toOrdinalsas providing a reasonable fee market to cover the reducing block subsidies as well as subsequent security concerns.\nButerin also thinks Ordinals have brought a “return to builder culture” which in his words “is very good.” He added that he “definitely see signs of hope now that we have Ordinals,” calling them a “real pushback tolaser eyedmaximalism.”\nButerin also tried to find ten things that both ecosystems shared. He pointed to claims of immutability by both chains, along with the fact they both have issues with layer-1 privacy. Buterin also mentioned that both Ethereum and Bitcoin have showcased how difficult it is to do things indecentralized consensus models.\nThe Ethereum co-founder ended on a rather optimistic note, trying possibly to bring together both communities.\n“I think a world where there is at least one of these chains is better than one with none,” he concluded.', "Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn't, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign.\nKennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should benurtured and protected. He also said that his campaign would accept donations in Bitcoin. But he alsotold conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice.\nHowever, a financialdisclosureobtained byCNBCshows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201.\nKennedy’s campaign manager, Democratic Rep. Dennis Kucinich,toldCNBCthat a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami.\nPresidential Candidate Kennedy Vows to Defend Bitcoin Against ‘Invasive Surveillance’\nFollowing the report's release, Kennedy’s campaign first toldCNBCthe Bitcoin belonged to Kennedy’s wife Cheryl Hines, who is known for her work on the television show “Curb Your Enthusiasm.” A representative from Kennedy’s campaign later said that they were mistaken, and that the Bitcoin investment did indeed belong to Kennedy.\nOn the Democratic side of the aisle, Kennedy has been a robust supporter of Bitcoin among candidates, while Republican hopefuls like Florida GovernorRon DeSantisandVivek Ramaswamyhave also tried to court the Bitcoin vote.\nWhile Kennedy’s comments on Bitcoin have become less frequent since Miami—the topicnever came upduring his extensive one-on-one with Twitter owner Elon Musk last month—Kennedy has continued to tweet his support of crypto’s oldest coin, on occasion.\n“Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic,” he said on June 27.\nKennedy has attracted support from some prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month Kennedy “can and will” beat DeSantis or Donald Trump at the ballot box.\nIn order for that to happen, Kennedy would need to win against President Joe Biden in the Democratic presidential primaries first. A recentpollfrom Echelon Insights shows 65% of voters would stick with Biden as opposed to 14% who would pick Kennedy.", "Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn't, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign.\nKennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should benurtured and protected. He also said that his campaign would accept donations in Bitcoin. But he alsotold conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice.\nHowever, a financialdisclosureobtained byCNBCshows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201.\nKennedy’s campaign manager, Democratic Rep. Dennis Kucinich,toldCNBCthat a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami.\nPresidential Candidate Kennedy Vows to Defend Bitcoin Against ‘Invasive Surveillance’\nFollowing the report's release, Kennedy’s campaign first toldCNBCthe Bitcoin belonged to Kennedy’s wife Cheryl Hines, who is known for her work on the television show “Curb Your Enthusiasm.” A representative from Kennedy’s campaign later said that they were mistaken, and that the Bitcoin investment did indeed belong to Kennedy.\nOn the Democratic side of the aisle, Kennedy has been a robust supporter of Bitcoin among candidates, while Republican hopefuls like Florida GovernorRon DeSantisandVivek Ramaswamyhave also tried to court the Bitcoin vote.\nWhile Kennedy’s comments on Bitcoin have become less frequent since Miami—the topicnever came upduring his extensive one-on-one with Twitter owner Elon Musk last month—Kennedy has continued to tweet his support of crypto’s oldest coin, on occasion.\n“Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic,” he said on June 27.\nKennedy has attracted support from some prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month Kennedy “can and will” beat DeSantis or Donald Trump at the ballot box.\nIn order for that to happen, Kennedy would need to win against President Joe Biden in the Democratic presidential primaries first. A recentpollfrom Echelon Insights shows 65% of voters would stick with Biden as opposed to 14% who would pick Kennedy.", "Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn't, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign. Kennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should be nurtured and protected . He also said that his campaign would accept donations in Bitcoin. But he also told conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice. However, a financial disclosure obtained by CNBC shows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201. Kennedy’s campaign manager, Democratic Rep. Dennis Kucinich, told CNBC that a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami. Presidential Candidate Kennedy Vows to Defend Bitcoin Against ‘Invasive Surveillance’ Following the report's release, Kennedy’s campaign first told CNBC the Bitcoin belonged to Kennedy’s wife Cheryl Hines, who is known for her work on the television show “Curb Your Enthusiasm.” A representative from Kennedy’s campaign later said that they were mistaken, and that the Bitcoin investment did indeed belong to Kennedy. On the Democratic side of the aisle, Kennedy has been a robust supporter of Bitcoin among candidates, while Republican hopefuls like Florida Governor Ron DeSantis and Vivek Ramaswamy have also tried to court the Bitcoin vote. While Kennedy’s comments on Bitcoin have become less frequent since Miami—the topic never came up during his extensive one-on-one with Twitter owner Elon Musk last month—Kennedy has continued to tweet his support of crypto’s oldest coin, on occasion. Story continues “Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic,” he said on June 27. As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more… pic.twitter.com/rPkMARieYu — Robert F. Kennedy Jr (@RobertKennedyJr) June 27, 2023 Kennedy has attracted support from some prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month Kennedy “ can and will ” beat DeSantis or Donald Trump at the ballot box. In order for that to happen, Kennedy would need to win against President Joe Biden in the Democratic presidential primaries first. A recent poll from Echelon Insights shows 65% of voters would stick with Biden as opposed to 14% who would pick Kennedy.", 'Some may sense a thaw in the Crypto Winter as Bitcoin flirts with itshighest pricein over a year. But tokens aside, the icy market that defined 2022 appears far from gone when it comes to software development.\nThe number of active developers working on open-source crypto projects has fallen 22% over the past year, according to areportfrom venture firm Electric Capital. Analysts found that there were 21,300 active developers in June, compared to 27,200 the year before.\nA decline in crypto developers over the past year could be attributed to more compelling opportunities elsewhere, self-described DeFi addict and crypto analyst Miles Deutschersaidon Twitter.\n“Despite prices rising since January, developer activity has exhibited a downturn,” he said. “This may be attributed to [...] developers switching to other booming tech sectors like AI.”\nCrypto Bumped to the Back Seat as AI Investments Accelerate\nOpen-source developers work on projects where code is posted publicly online, leaving their footprints in software repositories through commits. By looking at the source and frequency of developer activity over time, it’s possible to glean insights about industry trends.\nA majority of developers who left the crypto space did so with little experience under their belts, the report states. Newcomers—those who have worked in crypto for less than a year–made up a majority of departures from the digital asset space, adding up to 7,730 logging off since last June.\nThe report defines those that have left the crypto space as developers that haven’t contributed to a project in more than two months. Compared to the overall number of active open-source crypto developers, 7,730 may sound substantial, but the report notes that newcomers are responsible for less than 20% of all code commits.\nA majority of commits come from open-source developers who have more than a year of experience working with crypto, according to Electric Capital, and that figure has grown to around 13,100 from 11,300 in the past year—a gain of nearly 16% among crypto’s more seasoned crew.\nThe report found that fewer developers are exploring crypto projects for the first time as well. This past May, 2,900 developers entered the space compared to 5,900 that month a year ago, which was near an all-time high for monthly entrants.\nDeutscher posited that fatigue and less money from venture capitalists could also be at play.\nIndeed, institutional investors are alsoincreasingly eyeingAI instead. A survey conducted by JP Morgan found a palpable shift in sentiment in February, where traders said AI will likely be more influential than crypto over the next three years.\nA shift in preferences among venture capitalists from crypto to AI iswell underway too, according to Mysten Labs co-founder and CEO Evan Cheng. He said products that leverage AI have broader appeal to consumers, as opposed to those in crypto that cater to people already within the digital assets space.\nHowever, an exodus of fresh talent from the digital assets space isn’t necessarily a warning sign, the report suggests. Newcomers have dominated the digital assets space after the two previous peaks in crypto markets, only for that momentum to shift back to veterans each time.', 'Some may sense a thaw in the Crypto Winter as Bitcoin flirts with its highest price in over a year. But tokens aside, the icy market that defined 2022 appears far from gone when it comes to software development. The number of active developers working on open-source crypto projects has fallen 22% over the past year, according to a report from venture firm Electric Capital. Analysts found that there were 21,300 active developers in June, compared to 27,200 the year before. A decline in crypto developers over the past year could be attributed to more compelling opportunities elsewhere, self-described DeFi addict and crypto analyst Miles Deutscher said on Twitter. “Despite prices rising since January, developer activity has exhibited a downturn,” he said. “This may be attributed to [...] developers switching to other booming tech sectors like AI.” Crypto Bumped to the Back Seat as AI Investments Accelerate Open-source developers work on projects where code is posted publicly online, leaving their footprints in software repositories through commits. By looking at the source and frequency of developer activity over time, it’s possible to glean insights about industry trends. A majority of developers who left the crypto space did so with little experience under their belts, the report states. Newcomers—those who have worked in crypto for less than a year–made up a majority of departures from the digital asset space, adding up to 7,730 logging off since last June. The report defines those that have left the crypto space as developers that haven’t contributed to a project in more than two months. Compared to the overall number of active open-source crypto developers, 7,730 may sound substantial, but the report notes that newcomers are responsible for less than 20% of all code commits. A majority of commits come from open-source developers who have more than a year of experience working with crypto, according to Electric Capital, and that figure has grown to around 13,100 from 11,300 in the past year—a gain of nearly 16% Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $589,270,164,000 - Hash Rate: 425480581.581576 - Transaction Count: 594265.0 - Unique Addresses: 732590.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Fidelity Refiles For Spot Bitcoin ETF, Says ETF Would Have Protected Investors Fidelity Refiles For Spot Bitcoin ETF Fidelity, the investment management company with $4.5 trillion in assets under management, has submitted paperwork for the Wise Origin Bitcoin Trust, a spot Bitcoin ETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust. The US Securities and Exchange Commission (SEC) had earlier denied Fidelity's application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications since BlackRock's spot ETF filing on June 15, while Ark Invest has modified its prior filing and is in front of the pack. Fidelity's paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation. Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data, BTC remains around the $30.5K level after the news.... - Reddit Posts (Sample): [['u/Into-the-Beyond', 'A little epiphany after being in this space for years', 219, '2023-07-09 01:20', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/', 'The longer you’re here, the more you end up reframing your world views upon reflection. It sounds like a cult, but it’s really just a lens of perspective gained through education that can’t be unseen. While rewatching Deadwood, I was just thinking about how gold, a useful mineral in electronics today, back then was just a shiny rock with value because of perception and scarcity. Its supply was limited by how much people could find. And people found a lot! Supplies were very expensive with people trading lumps or gold for whatever they needed to continue prospecting. “How much you gettin’ there?” Carlton Lassiter from Psych asked his claim neighbor.\n\nGold was actually cheap by today’s standards, but scarcity has reigned supreme over time. The value of gold was the amount it took to convince a prospector to prospect. “Enough for whiskey, p**, and food from the Gem Saloon.”\n\nSuddenly, white people flooded native land and used made-up laws that the natives were excluded from in order to steal the land out from under them. Then they tore up the ground, laboring in dangerous conditions to literally sift through the dirt, all because the people who were rich enough to horde the shiny rocks paid handsomely. Manifest destiny was spread across the land by the perception of the value of gold. Its true value was its ability to force change simply by people wanting to acquire more of it. The rich didn’t care if commoners toiled and died as long as they changed the demographics of the land and paid a solid cut of the profits of the economy back to the top for basic incentives. The rich sold shovels and plots. And where is all that gold today? The rich slowly absorbed everything of value to them by any means necessary.\n\nToday, with unprecedented wealth disparity across the world, there’s a new gold rush happening, but this time it’s for Bitcoin—a once in humanity all-stars-miraculously-aligned type of invention. But unlike gold, no one’s literally living on top of the Bitcoin when it’s mined. Its mathematically scarce. It’s side-effect is stabilizing energy grids. Instead of “lawful” theft of resources, it’s a bloodless revolution. The only losers are to the unaware who don’t hold any and toil under the current system, plus the governments who lose liquidity in their rigged economies. The liquidity in their systems is what allows them to wage wars. First comes propaganda, delivered to us from birth, then comes printing more fiat to pay soldiers for doing the dirty work. (Also the banks lose, because they’re unneeded in a full Bitcoin economy and are full of bloat.)\n\nStories—propaganda—are powerful but “value” is also real. The true value is the ability to change society. The value of any given asset depends on the path the rich have to take to control said asset. With Bitcoin, control is inevitable—it’s what the rich do—but they have to pay for it just like the rest of us. The properties of Bitcoin allows true savings which is much more advantageous to plebes than anything we’ve ever seen under a fiat system. Bitcoin allows for saving of buying power to a fixed percentage of the total supply. Bitcoin’s immutable nature is part of its value. Top holders still have to play within the rules—no one can change the supply because it is set by the decentralized power of the people. It’s the best thing to happen to wealth redistribution possibly in all of history. What a time to be alive! This has all been simplified to a degree, but I hope you all understand my points. I’m a fantasy author with an economics degree. If that makes a difference in how you see me, perhaps you are influenced by stories and should read the Bitcoin Whitepaper and/or The Bitcoin Standard and think about what “value” is.\n\nTLDR;\nGold is shiny rocks that have historically convinced people into doing terrible things for the benefit of the rich. Control is wielded through scarcity—propaganda and perception effect actions. The true value of any asset is the change to society it can influence. Fiat is synonymous in this way, but even easier for governments to control and inflate because they literally print it constantly. Bitcoin is freedom because it is the hardest to control and everyone has to play by the same rules. Its properties benefit savers.', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/', '14uilwo', [['u/kuzkokronk', 73, '2023-07-09 01:48', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7rbu6/', 'This guy bitcoins.', '14uilwo'], ['u/Otherwise-Degree-368', 24, '2023-07-09 01:58', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7si2i/', 'Well said... and true.', '14uilwo'], ['u/leandropoppz', 10, '2023-07-09 01:58', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7sl8m/', 'Thanks for sharing with us ! Really good!', '14uilwo'], ['u/Into-the-Beyond', 10, '2023-07-09 02:31', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7wiiw/', 'While I agree to a degree, I don’t think we are anywhere near Bitcoin under performing against fiat-valued index funds. Maybe in a hundred years when miners are only collecting fees. Maybe I’m wrong and it only takes 50 years, but I doubt it will be an imminent concern. The market cap of Bitcoin is too low for its value, that much I do bet my money on and sleep very well. I also hold stocks, but I’ve been considering each company I hold a LOT more carefully since learning about Bitcoin at the start of the last bull.', '14uilwo'], ['u/Crypto-4-Freedom', 19, '2023-07-09 02:42', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7xvh3/', 'That was a nice read.', '14uilwo'], ['u/Paragon_Voice', 18, '2023-07-09 03:11', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr81751/', 'As Michael Saylor pointed out at BTC Prague, even the most successful Wall Street indexes are barely beating overall inflation. Literally everything is losing to the actual inflation rate.\n\nBitcoin is the only thing that wins out over every single index or asset out there.\n\nSo yes, BTC is the most advantageous saving mechanism the "plebes", and everyone else has seen across all monetary/fiscal systems.', '14uilwo'], ['u/Into-the-Beyond', 12, '2023-07-09 03:28', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr836e3/', 'I mean, both have value, but only one is going to “win” on any given time frame.', '14uilwo'], ['u/flavius_lacivious', 11, '2023-07-09 05:35', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr8hq4x/', '>I’m a fantasy author with an economics degree. If that makes a difference in how you see me, perhaps you are influenced by stories and should read the Bitcoin Whitepaper and/or The Bitcoin Standard and think about what “value” is.\n\nCame here to suggest you write, but saw this. Really good writing and I don’t say that here very often.', '14uilwo'], ['u/DailyBoss', 13, '2023-07-09 05:46', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr8iwqj/', 'Word to Satoshi', '14uilwo']]], ['u/the_brave_mosquito', 'If Bitcoin is the future of money, we are fucked (the kids might not be), right?', 34, '2023-07-09 03:28', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/', 'I mean, if the modern banking system fails... that spawns a worldwide shit storm of so much hurt for so many people. \n\n\n\nI see BTC uses cases highlighted often. And to be clear, I think BTC is a good investment...there is no government, company, or bank in charge of it. That\'s powerful. But if BTC is to become the "perfect money" of the future, history has shown us what kind of path awaits us towards that future.\n\n\n\nI acknowledge I can be pessimistic about our future as a human race, so please share if you have thoughts on what a happier path towards mainstream BTC adoption looks like. I only see that path in fire.\n\n\n\n', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/', '14uldjz', [['u/UnitedPerceptiont', 58, '2023-07-09 03:31', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr83icc/', 'Bitcoin creates a soft landing opportunity. Which is why the elites hate it. Without Bitcoin, they would have already rolled in the dystopia.', '14uldjz'], ['u/Umpire_State_Bldg', 15, '2023-07-09 03:44', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8554e/', 'The banking system was doomed before Bitcoin was ever invented.\n\nSo, do you want to live in a world where the banking system fails and there is no Bitcoin, or where the banking system fails but Bitcoin exists?', '14uldjz'], ['u/TheDialectic_', 54, '2023-07-09 04:06', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr87nqs/', 'BTC is a soft landing for an inevitability', '14uldjz'], ['u/road22', 20, '2023-07-09 04:20', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr897wt/', 'A banking system can never fail in a fiat money system, or it would have failed in 2008/2009.\n\nIt is the fiat currency that will fail when it becomes worthless.\n\nWhen the Venezuelan Bolivar failed a few years ago, there were still transactions for car and real estate, but only in US Dollar or Euros. No loans were given out in Bolivars.\n\nBanks will convert to lending in a strong currency like BTC when the fiat system dies.', '14uldjz'], ['u/UnitedPerceptiont', 24, '2023-07-09 04:54', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8d2n1/', 'There are rich families - many in central banking. Very well documented, and so are their intentions. Keep drinking the cool aid, that central banking and the modern planned economies are part of the "machine". Market forces would never opt for things like lockdowns or CBDCs.', '14uldjz'], ['u/Glad_Cauliflower8032', 16, '2023-07-09 05:02', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8dy8j/', "for bitcoin to succeed banks don't have to fail. It just means bitcoin will continue to gain value against fiat losing value. Same way gold has since we went off the gold standard.", '14uldjz'], ['u/UnitedPerceptiont', 31, '2023-07-09 06:13', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8lqpl/', "They are free to own. But unlike fiat, they can't stop you from using it or devalue your holdings. If they want to own it, they have to pay the market price. They can't print it out of thin air and keep a disproportionate part of it for themselves.", '14uldjz'], ['u/mostlyeve', 10, '2023-07-09 07:05', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8qsrg/', 'Gates is a prick whose wife left him because of ties to Epstein. He flies around on his private jet talking about environmental sustainability.', '14uldjz'], ['u/BbeastyBbuffalo', 14, '2023-07-09 07:36', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8tk5p/', 'Things will fail. Hopefully in my lifetime. I want to see it.', '14uldjz'], ['u/togetherwem0m0', 15, '2023-07-09 08:43', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8z1uf/', 'Thanks for saying this. I think this deserves more attention.\n\nBitcoin increasing in value is the slow and steady off ramp from the failing fiat system. It is distributing ownership control of the future actively, right now, every day.', '14uldjz'], ['u/soks86', 15, '2023-07-09 10:04', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr950bj/', 'The dollar is going to wreck itself.\n\nBTC gives people an alternative so the wreck involves less... wreckage.\n\nSoft landing ;)', '14uldjz'], ['u/AmazingHeart5214', 13, '2023-07-09 11:46', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr9c47a/', 'Money printing', '14uldjz']]], ['u/WorkingLime', 'As always, when you ask why crypto remember here in Venezuela last MONTH inflation was 6% and it seems "good", this year inflation is over 100% currently.', 300, '2023-07-09 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/', 'Hi, \n\nHave been a little off some some weeks but I\'m here still in Venezuela.\n\nWanted to update the inflation numbers. They look good compared to years ago where we had 50% daily and over 100k% yearly! \n\n[https://www.nasdaq.com/articles/venezuelas-inflation-rate-ticks-up-to-6.2-in-june-central-bank](https://www.nasdaq.com/articles/venezuelas-inflation-rate-ticks-up-to-6.2-in-june-central-bank)\n\nMonthly minimum wage is around 40 USD now, 5 USD is the "wage" but you get some bonus in Bolivares and they make around 40-50 USD monthly!\n\nCrypto is used as a way of escape inflation, sell/´purchase (I have paid in the supermarket with Bitcoin and Litecoin) and save. Also a way of receving remittances from family abroad.\n\nAny question let me know!', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/', '14um5qu', [['u/MrMeowManchego', 30, '2023-07-09 04:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr89upv/', "Those are some crazy numbers.\n\n It's no wonder institutions are starting to look at it as digital gold when more and more countries are adopting it as an alternative currency.\n\nI think the days of bitcoin becoming a world reserve currency may be even closer than anyone expected.", '14um5qu'], ['u/WorkingLime', 10, '2023-07-09 05:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8e1gi/', 'Hi Matt, \n\nI do sometimes it depends, sometimes there is arbitrage so I prefer to pay with Bolivares.\n\nSome cryptos have low fees, even the LN Bitcoin', '14um5qu'], ['u/WorkingLime', 14, '2023-07-09 05:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8e5cm/', 'When inflation was over 180k yearly it was really crazy', '14um5qu'], ['u/HardTruthssss', 11, '2023-07-09 05:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8fs2p/', 'How can you survive with 5 USD a month?\n\nI get about 10 USD a month on crypto staking, basically the wage of 2 venezuelans.\n\nSo with this passive income of 10 USD can I rent an apartment, buy food, etc in Venezuela?\n\nIf no, how do people actually survive?', '14um5qu'], ['u/WorkingLime', 21, '2023-07-09 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8g255/', 'No, a family of 5 needs at least 500 USD monthly to survive.\n\nYou starve with monthly minimum wage \n\nhttps://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/', '14um5qu'], ['u/Dazzling_Marzipan474', 25, '2023-07-09 08:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8vn9r/', "Gotta have either gold or crypto and crypto for most of us is way easier to get. It's really the only two forms of hard money.", '14um5qu'], ['u/jhguth', 16, '2023-07-09 10:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr97i6a/', 'An extremely volatile digital gambling token is a terrible hedge against inflation', '14um5qu'], ['u/redthepotato', 12, '2023-07-09 11:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr9bhei/', "If it's gold then I'd rathe buy physical gold because gold-related stocks of ETFs just doesn't make sense to me. So I'd rather have crypto because it's hard to afford physical gold, it's impractical with my meager income. All in crypto.", '14um5qu']]], ['u/Salt-Sun5628', 'My (35M) dad (55F) abandoned me when I was born and I found he is very wealthy now.', 58, '2023-07-09 04:16', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', "I find myself in a complex situation that has left me conflicted. My parents, both just 20 years old at the time, had me, but my father made the painful decision to leave us on the very day of my birth. As time went on, he started a new family and built a life separate from us. Recently, his son, my half-brother (25M), reached out to me, and to my surprise, it seems that my father's life took an unexpected turn after he left.\n\n \nI discovered that when my dad walked away, he pursued higher education in a different state, where he obtained a degree in finance. This newfound knowledge led him to establish his own finance firm, which achieved remarkable success Additionally, he seized an opportunity to invest in Bitcoin during its meteoric rise, which only served to further boost his wealth. According to my half brother, our father is a billionaire and reached that status at 31 years old.\n\n \nThe revelation of my father's immense fortune has left me grappling with conflicting emotions. On one hand, I feel a sense of curiosity and a desire to understand the man who left my mother and me behind. Moreover, the financial security my half siblings have enjoyed from birth piques my interest, as I have always wondered what it would be like to grow up in affluence.\n\n \nHowever, it is impossible to ignore the fact that my father never provided financial support to my mother or me throughout our lives. It is disheartening to learn that he neglected his responsibilities while lavishing his attention and resources on his new family. Meeting with my half brother could potentially shed light on these unanswered questions, but it also brings uncertainty and raises concerns about the intentions behind the meeting.\n\n \nI must also consider the possible implications of involving myself with a person who has experienced a completely different upbringing, surrounded by wealth and privilege. Will their perspective align with mine? Can I relate to their experiences? These are questions that cloud my judgment and make me hesitant to pursue a meeting.\n\n \nIn the end, the decision of whether to meet with my half brother rests on weighing the curiosity I have about my father's newfound success against the potential emotional ramifications of reconnecting with a family that lived in a world so different from my own. It is a choice that requires careful consideration and introspection. Any advice or insights would be greatly appreciated. \n\n\nTLDR: My (35M) dad (55F) abandoned me when I was born and I found he is very wealthy now. ", 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', '14umcf1', [['u/Due-Strike1670', 159, '2023-07-09 05:29', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8gxx2/', 'Theres 3,194 billionaires in the world. Should be pretty easy to see if your half brother is lying.', '14umcf1'], ['u/Alternative_Route', 58, '2023-07-09 07:52', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8uuu8/', 'The bitcoin money arrived after he was already a billionaire, guy was a billionaire at age 31 about 8 years before bitcoin was invented', '14umcf1'], ['u/Alarmed_Jellyfish555', 82, '2023-07-09 08:44', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8z45l/', 'Yeah, someone is definitely lying here.', '14umcf1'], ['u/Plastic_Fangs', 10, '2023-07-09 11:18', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9a8ik/', 'I think its bizarre to say that at 35 someone should own property lmao', '14umcf1'], ['u/ShelfLifeInc', 92, '2023-07-09 11:27', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9aus4/', "And only 298 of them in 1999, when OP's dad presumably became a billionaire.", '14umcf1'], ['u/Pristine_Ad_5703', 10, '2023-07-09 12:01', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9d6az/', "I think it's odd how the step brother is going on about his wealth so much, it has me wondering is he is worried you'll get a cut so it trying to stop that? Maybe he found out you were also in the will and doesn't like that? So then is trying to twist and manipulate the situation so he can run back to to his dad and say you are only interested in his money. Whenever he brings money up change the subject don't let him pull you in.\n\nPersonally I'd meet up with just your dad, tell him you don't care for his money but you do want answers. Then the both of you could decide where to go from here, maybe even possibly go to therapy together. You may have never gotten the full story of what really happened. \n\nThe step brother though just be careful he seems money obsessed hence why he keeps going on about it! On the flip side he could just be a compliment liar who's filled with pain from his upbringing? After all this man left you so gives you some idea what kind of man he really is? Especially the fact he didn't even send money to help with your upbringing. Or maybe he's jealous? Maybe his dad mentioned how he wanted to reach out to you and he's now worried he'll no longer be the favourite? Depending how his father?", '14umcf1'], ['u/all_time_high', 120, '2023-07-09 12:41', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9g2bp/', 'This sounds like a scam. Bitcoin launched in 2009 and became a big deal in 2013, and again in 2017. So let’s take Bitcoin out of the discussion.\n\nThis means your dad left your mom and then studied finance for (2? 4? 6?) years, then started a finance business, succeeded, and became a billionaire. This all happened in the span of 11 years?\n\nUnless your dad was already in a very financially privileged position when he left your mom, this story is incredibly unlikely. If he’s been a billionaire for 24 years, I’m sure you can independently verify this information. \n\nYou’re probably wondering how this could possibly be a scam if your half-brother claims to be the son of a billionaire. Many successful scams don’t start off with an obvious angle. You’d be conned after he gains your trust.', '14umcf1'], ['u/cancer1337', 99, '2023-07-09 13:17', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9iuwu/', 'this reads like a first-try chatgpt response', '14umcf1'], ['u/grumpy_cragheart', 15, '2023-07-09 13:38', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9kmnp/', 'I think you nailed it, the account has been suspended from reddit.', '14umcf1'], ['u/Alternative_Route', 24, '2023-07-09 17:40', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jracxum/', 'I was just pointing out that he managed to become a billionaire in less than 11 years, in a time when billionaires were even rarer, and he did this without the benefit of making money out of bitcoin which was the only significant detail the OP provided to explain how he accrued his fortune.\n\nI.e. something seems unlikely in the telling, either from the step brother or from the OP.', '14umcf1'], ['u/ChillWisdom', 19, '2023-07-09 19:57', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jrawjlx/', 'Sounds like daddy dearest will wind up in prison one day for scamming people through his finance company.', '14umcf1']]], ['u/Salt-Sun5628', 'My (35M) dad (55F) abandoned me when I was born and I found he is very wealthy now.', 54, '2023-07-09 04:16', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', "I find myself in a complex situation that has left me conflicted. My parents, both just 20 years old at the time, had me, but my father made the painful decision to leave us on the very day of my birth. As time went on, he started a new family and built a life separate from us. Recently, his son, my half-brother (25M), reached out to me, and to my surprise, it seems that my father's life took an unexpected turn after he left.I discovered that when my dad walked away, he pursued higher education in a different state, where he obtained a degree in finance.\n\n This newfound knowledge led him to establish his own finance firm, which achieved remarkable success Additionally, he seized an opportunity to invest in Bitcoin during its meteoric rise, which only served to further boost his wealth. According to my half brother, our father is a billionaire and reached that status at 31 years old. The revelation of my father's immense fortune has left me grappling with conflicting emotions. On one hand, I feel a sense of curiosity and a desire to understand the man who left my mother and me behind. Moreover, the financial security my half siblings have enjoyed from birth piques my interest, as I have always wondered what it would be like to grow up in affluence. \n\nHowever, it is impossible to ignore the fact that my father never provided financial support to my mother or me throughout our lives. It is disheartening to learn that he neglected his responsibilities while lavishing his attention and resources on his new family. Meeting with my half brother could potentially shed light on these unanswered questions, but it also brings uncertainty and raises concerns about the intentions behind the meeting.I must also consider the possible implications of involving myself with a person who has experienced a completely different upbringing, surrounded by wealth and privilege. Will their perspective align with mine? Can I relate to their experiences? These are questions that cloud my judgment and make me hesitant to pursue a meeting. \n\nIn the end, the decision of whether to meet with my half brother rests on weighing the curiosity I have about my father's newfound success against the potential emotional ramifications of reconnecting with a family that lived in a world so different from my own. It is a choice that requires careful consideration and introspection. Any advice or insights would be greatly appreciated.", 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', '14umcmx', [['u/ohfiddlessticks', 29, '2023-07-09 08:07', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8w4gk/', 'I never got to meet my father. He was gone when I was 6 weeks old so I can’t remember him from that age. He went to jail and was addicted to alcohol but I still wanted to meet him. I never got to. He died when I was 21. I’m sorry you didn’t get to grow up with your father. It’s difficult to be rejected by a parent. It is rejection because they never came to find us or see us or contribute to our upbringing. Makes you think. Like do we matter? \nWe absolutely do.', '14umcmx'], ['u/ohfiddlessticks', 12, '2023-07-09 08:09', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8w9rm/', 'If you do decide to meet them. Go in there with your head held high. Who cares about their money. If they are not good people then go back to your life the way it was before they were in the picture.', '14umcmx'], ['u/Expensive_Career_243', 54, '2023-07-09 09:28', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr92gk3/', "While your half-brother may have had a different upbringing. If you do decide to meet him, remember he didn't choose that life, he didn't abandon you, he is reaching out to try and see if you two have a connection. You need to try not to let your feelings about your father influence your potential relationship with your brother. You can have a full relationship with him without ever meeting your Dad if you want.", '14umcmx'], ['u/sparkling467', 15, '2023-07-09 10:51', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr98ch1/', 'Did your bio dad ever pay child support? If no, why not? \nI feel like if you get all the answers to your questions, you might actually be more bitter.', '14umcmx'], ['u/Lidiflyful', 20, '2023-07-09 12:05', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9dhtf/', "Second this. While my Dad was not rich, he did similar to my older half-sister who spent a great deal of her life resenting me. I would have loved to have a sisterly relationship with her, but to her I was a reminder of our Dads poor choices.\n\nPlease try not to do that OP. I can understand it might be difficult, but your brother appears to want a relationship with you and is perhaps horrified at his father's decision back then.", '14umcmx'], ['u/albgshack', 19, '2023-07-09 13:09', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9i81r/', 'You can take him to court for 18 yrs of back support.', '14umcmx']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, July 09, 2023', 25, '2023-07-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/', "Thread topics include, but are not limited to:*\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/', '14uodcm', [['u/ChadRun04', 20, '2023-07-09 08:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jr8z18f/', 'After the first beardiv on `RSI(high) vs high` invalidated and a second weak one printed slightly higher.\n\nNow we have a hidden bulldiv on `RSI(low) vs low`.\n\nNot a bad setup on appearances. Tight channel defined by that range. Flaggy.\n\nhttps://i.imgur.com/shZmB9L.png', '14uodcm'], ['u/dopeboyrico', 15, '2023-07-09 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jr9x1yz/', 'YoY CPI for June releases on Wednesday. Expectations are currently set at 3.1% vs the 4.0% print for May.\n\n[Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has their estimate set at 3.22%. [Truflation](https://truflation.com) has their estimate set at around 2.62% with a high of 2.95% and a low of 2.29%.\n\nFor the last several months the actual number has come in somewhere between these two estimates. If this trend continues, because expectations are on the higher side, then it would be likely that June’s CPI print comes in at or below expectations.\n\nBTC has been stuck in a range between $29.6k and $31.4k for the past couple of weeks. CPI coming in above or below expectations could be the catalyst to break the range to the downside or upside, respectively.', '14uodcm'], ['u/mirkokiki', 17, '2023-07-09 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jrajbg2/', 'Are there any other places like this thread? Outside reddit too? Not much activity here tbh', '14uodcm'], ['u/gozunker', 13, '2023-07-09 18:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jrambaj/', 'I check this thread and crypto Twitter', '14uodcm'], ['u/xtal_00', 21, '2023-07-09 19:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jravzsf/', 'It’s dead everywhere.', '14uodcm']]], ['u/rBitcoinMod', 'Daily Discussion, July 09, 2023', 39, '2023-07-09 08:01', 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/', '14uqlq9', [['u/FamiliarLow5850', 15, '2023-07-09 11:18', 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/jr9a85g/', 'Another day closer to halving 🙏', '14uqlq9'], ['u/Snowbattt', 20, '2023-07-09 18:51', 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/jran530/', 'I am happy to report that as of today, I am a BTC maxi. Up until recently, I was 60% in BTC and 40% in the other coin whom we shall not name.\n\nI started to convert more of that coin whom we shall not name into BTC, since I\'m more and more convinced BTC is the only worthwhile. It\'s largely thanks to Benjamin Cowen that I learned this. I mean yeah, Alt-Season will probably come. Alts will probably rise. But there\'s no guarantee it will be \\your\\ alt.\n\nAnd considering some shitty doggie coins performed ridiculously well, I think we can safely say it\'s a crapshoot to guess which ones will survive and reach a new ATH. It\'s a gamble. A gamble I no longer wish to make. I don\'t need no 100x return. I\'m happy if BTC reaches 100-150k in the next couple of years, and that\'s it.\n\nAt some point I was like "well let\'s go 90% BTC and 10% in the coin we shall not name as a gamble" but I just feel like I sleep better when I can focus on BTC and BTC only. The return might not be as big as that lucky low-cap shitcoin you caught, but I don\'t need it. Like I said, if BTC reaches somewhere between 100-150k, I\'m happy.\n\nSo I decided to go for 100% BTC. Gonna put it on my cold storage wallet and just wait.', '14uqlq9']]], ['u/Kyrie-belier', 'I kinda hate it when i hear podcasters snigger at SHIB and Bone', 14, '2023-07-09 08:10', 'https://www.reddit.com/r/SHIBArmy/comments/14uqr5p/i_kinda_hate_it_when_i_hear_podcasters_snigger_at/', 'There’s this Puerto rican guy,btc maxi,his podcast Crypto News alert. \nEvery time he mention Shib he sniggers and says “still worth nothing” referring to the 5 zeros. Even when Bone pumped 13% he sniggers. \nMuch sad when these maxi feel it’s pk to put down al other tokens and adopt the attitude pf my token is better than yours.', 'https://www.reddit.com/r/SHIBArmy/comments/14uqr5p/i_kinda_hate_it_when_i_hear_podcasters_snigger_at/', '14uqr5p', [['u/BladesAllowed', 10, '2023-07-09 12:26', 'https://www.reddit.com/r/SHIBArmy/comments/14uqr5p/i_kinda_hate_it_when_i_hear_podcasters_snigger_at/jr9exhh/', "People dis what they don't hold. They think money flowing into a coin they dont hold is taking away from money that could be pumping their bags. \n\nFuck em", '14uqr5p']]], ['u/jmedwedew', 'Thoughts on Bitcoin ATMs', 29, '2023-07-09 10:39', 'https://www.reddit.com/r/Bitcoin/comments/14utb9l/thoughts_on_bitcoin_atms/', "At my local shopping centre, conversions are in the Australian dollar. I'll just leave this here...", 'https://www.reddit.com/gallery/14utb9l', '14utb9l', [['u/Hank___Scorpio', 15, '2023-07-09 13:04', 'https://www.reddit.com/r/Bitcoin/comments/14utb9l/thoughts_on_bitcoin_atms/jr9hu1m/', "It's so crazy to me how the fees are still so high given there are so many of then? Are they all just operates by the same person and all given different names/looks to give you an illusion of choice.", '14utb9l'], ['u/Glad_Cauliflower8032', 10, '2023-07-09 13:22', 'https://www.reddit.com/r/Bitcoin/comments/14utb9l/thoughts_on_bitcoin_atms/jr9j8eo/', 'the spreads are disgusting', '14utb9l']]], ['u/middlemangv', 'How come some people think that we are still early?', 142, '2023-07-09 11:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/', "How come some people think that we are still early? \n\nThere are thousands and thousands of cryptocurrencies.\n\nBitcoin is on #14 vs Biggest companies in the world if you compare market cap.\n\nEven if we reach $1,000,000 price that would be around x31 (You wouldn't hold that far).\n\nThere are exchanges worth billions.\n\nCountries around the world are working on crypto regulations, banning them, making them a legal tender, allowing them to operate in their countries etc.\n\nEvery politician heard for crypto. \n\nPeople in countries around the world are using it against corrupted governments, or against inflation (Argentina, Venezuela, countries in Africa).\n\nI mean, how could it be that we are still early? I feel like we are not early long time ago. With all the new tech around the world you didn't hear for crypto only if you live in a cave.", 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/', '14uuk9t', [['u/astockstonk', 23, '2023-07-09 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9cw8q/', 'We are not early, but we are not late either.\n\nWe still have a long way to go on adoption and use.\n\nIf you invested in Apple in 2008 after it released the iPhone, you still did great.', '14uuk9t'], ['u/liquid_at', 17, '2023-07-09 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9cwy9/', "because the percentage of people on earth that own crypto is still low.\n\nbecause the massive surge of shitcoins that try to ride the wave still exists.\n\nbecause volatility between bull and bear markets is still high.\n\nWe're not as early as people in 2013 were, but we're much earlier than people in 2033 will be.", '14uuk9t'], ['u/Prosperity_01', 219, '2023-07-09 11:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9cz4v/', 'Number of people who’ve ‘heard of’ crypto is the wrong metric, it’s about how many people understand it, use it, embrace it.', '14uuk9t'], ['u/ChemicalGreek', 17, '2023-07-09 11:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9d0aq/', 'To give themselves some Hopium…', '14uuk9t'], ['u/Josefumi12', 41, '2023-07-09 12:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9d4om/', 'One reason. I feel early because everyone in this world is still not using cryptocurrency.', '14uuk9t'], ['u/Popular_District9072', 169, '2023-07-09 12:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9dctu/', "well, if we were in a movie theater, I'd say we are still watching previews, not the actual movie", '14uuk9t'], ['u/Plus-Ad4019', 35, '2023-07-09 12:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9du97/', 'How many people you know personally are using or even just buying crypto?', '14uuk9t'], ['u/Tasigur1', 13, '2023-07-09 12:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9e33m/', '31x? Where do I have to sign? I take it Sir.', '14uuk9t'], ['u/kweabu', 16, '2023-07-09 12:15', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9e52i/', 'The belief that we are still in the early stages of crypto adoption stems from the recognition that there is still much untapped potential, technological advancements to come and regulatory developments yet to unfold.', '14uuk9t'], ['u/MaeronTargaryen', 86, '2023-07-09 12:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9f3vq/', 'Most people who heard of crypto heard of crypto scams, so that doesn’t help either', '14uuk9t'], ['u/mesutdmn', 10, '2023-07-09 12:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9f8rv/', "Everyone I know thinks cryptos are a get-rich-quick gamble if they're lucky.\n\nThey don't even know u can send crypto, just buying on exchanges and willing to sell at a higher price.", '14uuk9t'], ['u/Qptimised', 62, '2023-07-09 12:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9ffdo/', "8 out of 10 people I talk to think crypto is just a fad or a scam. \n\n1 out of 10 hasn't heard of it before.", '14uuk9t'], ['u/mesutdmn', 48, '2023-07-09 12:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9fkyb/', 'Can we skip to the scene where BTC is over $100k?', '14uuk9t'], ['u/podfather2000', 23, '2023-07-09 12:38', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9fv7j/', "Most people don't care about the underlying tech. They just want to make money in the casino.", '14uuk9t'], ['u/mesutdmn', 24, '2023-07-09 12:40', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9fyha/', 'The people I know bought at Bullrun, but they stopped buying since prices crash, they will probably gonna buy again once prices go up. \n\nI assume they love to be exit liquidity.', '14uuk9t'], ['u/skystarsss', 24, '2023-07-09 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9gb3z/', "That's the first part of the movie where the protagonist gets rich and lost it all for not selling before getting rich again but this time he learned his lesson.", '14uuk9t'], ['u/Botmaster1337', 14, '2023-07-09 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9gb9l/', 'Why would people start using crypto instead of the money we have now?', '14uuk9t'], ['u/kirtash93', 21, '2023-07-09 13:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9hv88/', 'And 0.5 out of 10 are us. True degens buying magic coins.', '14uuk9t'], ['u/lifenvelope', 11, '2023-07-09 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9jaex/', 'At least they know about the largest user case about crypto at the moment. Getting rich is why most people are here', '14uuk9t'], ['u/blairnet', 16, '2023-07-09 13:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9m6lu/', 'That’s EXACTLY why people use the current currency. Inflation drives transactions. Deflation (like Bitcoin - diminishing supply) does not incentivize transactions. It incentivizes saving and holding. Thus, it will never be truly adopted. This is why the fed targets a 2% YOY inflation, to encourage people to put their money to work.', '14uuk9t'], ['u/sponge_hitler', 10, '2023-07-09 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9moym/', 'Yeah its not like current money can be used digitally afterall its not like online banking or credit cards exist', '14uuk9t'], ['u/ptrnyc', 13, '2023-07-09 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9nsls/', 'Because if your 1000$ if going to be worth 900$ next year, you’d better buy that 1000$ tv now', '14uuk9t'], ['u/Guitarmine', 22, '2023-07-09 15:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9x7e1/', "Before people embrace crypto they need good reasons to do so. There's zero reason for the average person to touch cryptos and countless reasons why they shouldn't.\n\nYou can't match the convenience and consumer protection of credit cards and online banking. You can't really use crypto anywhere. The values are so volatile using crypto for transactions would be silly.\n\nWe've had a decade to take crypto mainstream. It doesn't take a genius to understand why that hasn't happened.", '14uuk9t'], ['u/special_onigiri', 23, '2023-07-09 16:26', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jra2uan/', "I don't talk to people about crypto, I'm not smart enough to educate others nor make others interested.", '14uuk9t'], ['u/JestaC', 14, '2023-07-09 17:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jra9bot/', '8 out of 10 people in the 90s also had no desire to use the internet. It was clunky, people didn’t believe their businesses needed a presence online, and the tech sucked. It took like another 20 years before mass adoption hit. \n\nSource: I was a web dev at that point trying to sell services to businesses in the late 90s.', '14uuk9t'], ['u/rockiellow', 12, '2023-07-09 19:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jrauocn/', 'A brilliant man once said, “I don’t have time to try to convince you, sorry. I’m too busy moonfarming.”', '14uuk9t'], ['u/BriefBuga', 12, '2023-07-09 21:54', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jrbd4bt/', "It's about the average person's understanding. Most don't know what the following are:\n\n1 - Blockchains\n\n2 - Seed Phrases\n\n3 - Swaps/Bridges\n\n4 - Mining/Validators/Nodes\n\n5 - Tokenomics\n\n6 - What would you add to this list?", '14uuk9t']]], ['u/hasan995', 'LRC will reach ATH this year', 152, '2023-07-09 12:39', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/', 'We have been in a bear market since 2021. I believe we are starting a new short lived bull market. Whether you believe in LRC or not, altcoins depends on BTC and that monster is waking up from historic price suppression.\n\nIn the next couple months, BTC will catch up to US equities and overtake them. This money will flow into all alts eventually. BTC is breaking out of a major cup and handle formation with DXY breaking down. This will be rocket fuel for crypto. \n\nWhether you believe in TA or not, fundamentals and indicators also align with a major leg up in BTC. The DXY is about to be sent to its grave (temporarily) and BTC dominance is topping and about to reverse which suggests that alts will start to pump alongside BTC.\n\nThe majority believe the halving is the reason for BTC pumps in the past but it is a mere coincidence with global liquidity and declining dollar. Thus, most people think we will have a bull run in 2024/25. We don’t have this luxury as crypto will be facing a recession for the first time very soon. However, new ATH first before a big crash.\n\nI am very certain in this prediction and will come back to it at ATH. I am happy to take a ban if we don’t reach ATH by end of this year.\n\nAt the time of writing, LRC is 0.228$.\n\nNFA', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/', '14uvd7t', [['u/111ThatGuy111', 48, '2023-07-09 13:07', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/jr9i2ly/', "I'm in for the LONG haul. Doesn't matter if it takes 5 years. I'm not going anywhere and neither are my loops.", '14uvd7t'], ['u/theinspiringdad', 31, '2023-07-09 13:22', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/jr9j88t/', 'When it comes to Loopring, it’s a case of ‘when’, not ‘if’. Despite the detractors here who might deride it as an unsound investment, it’s evident that Loopring’s progress points to its impending relevance in the crypto ecosystem.\n\nIt’s perplexing to encounter claims... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:A bitcoin ETF might be a divisive idea for some in the industry, but it\'s all the market has on its mind.\nInsights:The dYdX Foundation\'s Charles d\'Haussy talks about the future of the platform post-Ethereum, and what he sees as developing regulatory trends.\nCoinDesk Market Index (CMI)\n1,231\n−3.3▼0.3%\nBitcoin (BTC)\n$30,171\n−124.0▼0.4%\nEthereum (ETH)\n$1,863\n−2.5▼0.1%\nS&P 500\n4,398.95\n−12.6▼0.3%\nGold\n$1,931\n+4.4▲0.2%\nNikkei 225\n32,388.42\n−384.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u22123.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,171", "\\u2212124.0\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,398.95", "\\u221212.6\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,388.42", "\\u2212384.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Opens Week Defending $30K Support Level\nA bitcoin ETF is the only thing on the market’s mind.\nBlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive –is dividing analystsand the industry at large.\n“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report.\nBut the market, at large, doesn’t seem to mind, not caring about the nuances of decentralization.\nThe world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863.\n“In a largely uneventful week, we saw bitcoin trending downward to test support levels near $30K,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “However, the market leader managed to defend the key level despite news of the SEC calling ETF filings inadequate.”\nBlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development.\n“We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” he said.\nLooking ahead to later this week, the market will have its eye on inflation numbers and jobless claims, two figures that the Fed will consider when making its next moves on rates. Expect crypto to trade accordingly.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.0%", "DACS Sector": "Smart Contract Platform"}]\nDYdX Foundation CEO Calls Move to Own Blockchain From Ethereum a Prelude\nDYdX announced last year that it was leaving Ethereum for its own proprietary blockchain, on Cosmos,over concerns about the scalability of the blockchain. In early April, the exchange announced it had launched a V4 of its private testnet, apivotal stepin its roadmap.\nIn a recent interview with CoinDesk at the IVS Crypto Conference in Japan, Charles d\'Haussy, the CEO of the dYdX Foundation, explained the move by equating it to tech sovereignty. Having its own blockchain, he explained, allows dYdX to control its full tech stack and not depend on the speed and trade-offs of Ethereum\'s roadmap.\n“When you sit on someone else’s blockchain, you have a dependency on their roadmap. It’s not yours,” he told CoinDesk. “By having our own chain, we are able to execute much faster by moving away from a general purpose blockchain.”\nDYdX isn’t a new platform, but there’s renewed interest in it as the Securities and Exchange Commission (SEC)goes after its centralized counterparts. The platform isn’t without its growing pains, and the question at the end of the day will be if its new technology stack is the cure. Its token is downroughly 6% in the last monthas theprice of ether is up 1.3%, meaning the market is taking a cautious look at this as the exchange prepares for its next chapter.\nPart of Broader Trend\nD\'Haussy views dYdX owning its own blockchain as part of a broader trend where major crypto applications are optimizing for specific uses, thus making general-purpose blockchains less suitable.\n“At the beginning, you start with a Swiss knife, doing everything, but eventually, you want to become a craftsman and have specialized tools,” he said. “So I think we’ll see a lot of application chains and more interconnectivity between blockchains.”\nBut this doesn’t mean that dYdX will be centralized around its own chain. D\'Haussy also highlighted that dYdX is "blockchain agnostic," continually evolving and upgrading its technology. He believes this kind of adaptability is a key characteristic of successful decentralized finance applications.\nDYdX’s new blockchain will be open for other platforms to build on, but D\'Haussy pointed out that it\'s specifically designed for its own uses, and likened it to a "Formula 1 for decentralized finance."\nDiversity of validators\nTo prevent centralized failure, dYdX aims for diversity among their validators in geographies, underlying service providers, and types of providers. D\'Haussy foresees a rise in domestic validators due to certain regions lacking regulatory clarity.\n“We work on this to make sure that we\'ve got a diversity of geographies, diversity of underlying service providers, a mix of cloud providers, a mix of what we call bare metal providers,” he said.\nD\'Haussy predicts that in the coming years, regulations may require financial institutions to access public networks via domestic nodes, in order to ensure that activities on-chain fall under the purview of local regulators, which will significantly increase the demand for domestic validators.\nWhich means regulated crypto derivatives trading — if you’re in the right part of the world.\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):China Consumer Price Index (June/YoY/MoM)\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Economic Watchers Survey (June/Current and Outlook)\n3 p.m. HKT/SGT(7 a.m. UTC):China M2 Money Supply (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance\'s CZ Brushes Off News of Execs Leaving; Bitwise CIO on Spot Bitcoin ETF Race\nFortune reports at least three executives left Binance as the company prepared to defend itself on multiple fronts. Fairlead Strategies Founder Katie Stockton shared her crypto markets analysis after the June U.S. jobs report was released. Bitwise CIO Matt Hougan and Ether Capital CEO Brian Mosoff weighed in on the spot bitcoin ETF race. And, Horizen CEO Rob Viglione explained why the self-described layer 0 blockchain was shedding its privacy coin moniker.\nCoinbase Knew It May Have Been Violating the Law Prior to the SEC\'s Lawsuit, Regulator Claims:The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit.\nBlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred:Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin.\nThree Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi:A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.\nBinance Feels Strain of World’s Regulators Leaping Into Action:This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.\nThe Real Use Case for CBDCs: Dethroning the Dollar:Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.', 'Good morning. Here’s what’s happening: Prices: A bitcoin ETF might be a divisive idea for some in the industry, but it\'s all the market has on its mind. Insights: The dYdX Foundation\'s Charles d\'Haussy talks about the future of the platform post-Ethereum, and what he sees as developing regulatory trends. Prices CoinDesk Market Index (CMI) 1,231 −3.3 ▼ 0.3% Bitcoin (BTC) $30,171 −124.0 ▼ 0.4% Ethereum (ETH) $1,863 −2.5 ▼ 0.1% S&P 500 4,398.95 −12.6 ▼ 0.3% Gold $1,931 +4.4 ▲ 0.2% Nikkei 225 32,388.42 −384.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,231 −3.3 ▼ 0.3% Bitcoin (BTC) $30,171 −124.0 ▼ 0.4% Ethereum (ETH) $1,863 −2.5 ▼ 0.1% S&P 500 4,398.95 −12.6 ▼ 0.3% Gold $1,931 +4.4 ▲ 0.2% Nikkei 225 32,388.42 −384.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Opens Week Defending $30K Support Level A bitcoin ETF is the only thing on the market’s mind. BlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive – is dividing analysts and the industry at large. “So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report. But the market, at large, doesn’t seem to mind, not caring about the nuances of decentralization. The world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863. “In a largely uneventful week, we saw bitcoin trending downward to test support levels near $30K,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “However, the market leader managed to defend the key level despite news of the SEC calling ETF filings inadequate.” Story continues BlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development. “We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” he said. Looking ahead to later this week, the market will have its eye on inflation numbers and jobless claims, two figures that the Fed will consider when making its next moves on rates. Expect crypto to trade accordingly. Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +2.5% Smart Contract Platform Polygon MATIC +1.2% Smart Contract Platform Shiba Inu SHIB +0.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −2.4% Smart Contract Platform Cardano ADA −2.2% Smart Contract Platform Loopring LRC −2.0% Smart Contract Platform Insights DYdX Foundation CEO Calls Move to Own Blockchain From Ethereum a Prelude DYdX announced last year that it was leaving Ethereum for its own proprietary blockchain, on Cosmos, over concerns about the scalability of the blockchain . In early April, the exchange announced it had launched a V4 of its private testnet, a pivotal step in its roadmap. In a recent interview with CoinDesk at the IVS Crypto Conference in Japan, Charles d\'Haussy, the CEO of the dYdX Foundation, explained the move by equating it to tech sovereignty. Having its own blockchain, he explained, allows dYdX to control its full tech stack and not depend on the speed and trade-offs of Ethereum\'s roadmap. “When you sit on someone else’s blockchain, you have a dependency on their roadmap. It’s not yours,” he told CoinDesk. “By having our own chain, we are able to execute much faster by moving away from a general purpose blockchain.” DYdX isn’t a new platform, but there’s renewed interest in it as the Securities and Exchange Commission (SEC) goes after its centralized counterparts . The platform isn’t without its growing pains, and the question at the end of the day will be if its new technology stack is the cure. Its token is down roughly 6% in the last month as the price of ether is up 1.3% , meaning the market is taking a cautious look at this as the exchange prepares for its next chapter. Part of Broader Trend D\'Haussy views dYdX owning its own blockchain as part of a broader trend where major crypto applications are optimizing for specific uses, thus making general-purpose blockchains less suitable. “At the beginning, you start with a Swiss knife, doing everything, but eventually, you want to become a craftsman and have specialized tools,” he said. “So I think we’ll see a lot of application chains and more interconnectivity between blockchains.” But this doesn’t mean that dYdX will be centralized around its own chain. D\'Haussy also highlighted that dYdX is "blockchain agnostic," continually evolving and upgrading its technology. He believes this kind of adaptability is a key characteristic of successful decentralized finance applications. DYdX’s new blockchain will be open for other platforms to build on, but D\'Haussy pointed out that it\'s specifically designed for its own uses, and likened it to a "Formula 1 for decentralized finance." Diversity of validators To prevent centralized failure, dYdX aims for diversity among their validators in geographies, underlying service providers, and types of providers. D\'Haussy foresees a rise in domestic validators due to certain regions lacking regulatory clarity. “We work on this to make sure that we\'ve got a diversity of geographies, diversity of underlying service providers, a mix of cloud providers, a mix of what we call bare metal providers,” he said. D\'Haussy predicts that in the coming years, regulations may require financial institutions to access public networks via domestic nodes, in order to ensure that activities on-chain fall under the purview of local regulators, which will significantly increase the demand for domestic validators. Which means regulated crypto derivatives trading — if you’re in the right part of the world. Important events. 9:30 a.m. HKT/SGT(1:30 a.m. UTC): China Consumer Price Index (June/YoY/MoM) 1 p.m. HKT/SGT(5 a.m. UTC): Japan Economic Watchers Survey (June/Current and Outlook) 3 p.m. HKT/SGT(7 a.m. UTC): China M2 Money Supply (June/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance\'s CZ Brushes Off News of Execs Leaving; Bitwise CIO on Spot Bitcoin ETF Race Fortune reports at least three executives left Binance as the company prepared to defend itself on multiple fronts. Fairlead Strategies Founder Katie Stockton shared her crypto markets analysis after the June U.S. jobs report was released. Bitwise CIO Matt Hougan and Ether Capital CEO Brian Mosoff weighed in on the spot bitcoin ETF race. And, Horizen CEO Rob Viglione explained why the self-described layer 0 blockchain was shedding its privacy coin moniker. Headlines Coinbase Knew It May Have Been Violating the Law Prior to the SEC\'s Lawsuit, Regulator Claims: The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit. BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred: Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin. Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi: A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims. Binance Feels Strain of World’s Regulators Leaping Into Action: This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange. The Real Use Case for CBDCs: Dethroning the Dollar: Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.', 'Good morning. Here’s what’s happening:\nPrices:A bitcoin ETF might be a divisive idea for some in the industry, but it\'s all the market has on its mind.\nInsights:The dYdX Foundation\'s Charles d\'Haussy talks about the future of the platform post-Ethereum, and what he sees as developing regulatory trends.\nCoinDesk Market Index (CMI)\n1,231\n−3.3▼0.3%\nBitcoin (BTC)\n$30,171\n−124.0▼0.4%\nEthereum (ETH)\n$1,863\n−2.5▼0.1%\nS&P 500\n4,398.95\n−12.6▼0.3%\nGold\n$1,931\n+4.4▲0.2%\nNikkei 225\n32,388.42\n−384.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u22123.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,171", "\\u2212124.0\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,398.95", "\\u221212.6\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,388.42", "\\u2212384.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Opens Week Defending $30K Support Level\nA bitcoin ETF is the only thing on the market’s mind.\nBlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive –is dividing analystsand the industry at large.\n“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report.\nBut the market, at large, doesn’t seem to mind, not caring about the nuances of decentralization.\nThe world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863.\n“In a largely uneventful week, we saw bitcoin trending downward to test support levels near $30K,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “However, the market leader managed to defend the key level despite news of the SEC calling ETF filings inadequate.”\nBlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development.\n“We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” he said.\nLooking ahead to later this week, the market will have its eye on inflation numbers and jobless claims, two figures that the Fed will consider when making its next moves on rates. Expect crypto to trade accordingly.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.0%", "DACS Sector": "Smart Contract Platform"}]\nDYdX Foundation CEO Calls Move to Own Blockchain From Ethereum a Prelude\nDYdX announced last year that it was leaving Ethereum for its own proprietary blockchain, on Cosmos,over concerns about the scalability of the blockchain. In early April, the exchange announced it had launched a V4 of its private testnet, apivotal stepin its roadmap.\nIn a recent interview with CoinDesk at the IVS Crypto Conference in Japan, Charles d\'Haussy, the CEO of the dYdX Foundation, explained the move by equating it to tech sovereignty. Having its own blockchain, he explained, allows dYdX to control its full tech stack and not depend on the speed and trade-offs of Ethereum\'s roadmap.\n“When you sit on someone else’s blockchain, you have a dependency on their roadmap. It’s not yours,” he told CoinDesk. “By having our own chain, we are able to execute much faster by moving away from a general purpose blockchain.”\nDYdX isn’t a new platform, but there’s renewed interest in it as the Securities and Exchange Commission (SEC)goes after its centralized counterparts. The platform isn’t without its growing pains, and the question at the end of the day will be if its new technology stack is the cure. Its token is downroughly 6% in the last monthas theprice of ether is up 1.3%, meaning the market is taking a cautious look at this as the exchange prepares for its next chapter.\nPart of Broader Trend\nD\'Haussy views dYdX owning its own blockchain as part of a broader trend where major crypto applications are optimizing for specific uses, thus making general-purpose blockchains less suitable.\n“At the beginning, you start with a Swiss knife, doing everything, but eventually, you want to become a craftsman and have specialized tools,” he said. “So I think we’ll see a lot of application chains and more interconnectivity between blockchains.”\nBut this doesn’t mean that dYdX will be centralized around its own chain. D\'Haussy also highlighted that dYdX is "blockchain agnostic," continually evolving and upgrading its technology. He believes this kind of adaptability is a key characteristic of successful decentralized finance applications.\nDYdX’s new blockchain will be open for other platforms to build on, but D\'Haussy pointed out that it\'s specifically designed for its own uses, and likened it to a "Formula 1 for decentralized finance."\nDiversity of validators\nTo prevent centralized failure, dYdX aims for diversity among their validators in geographies, underlying service providers, and types of providers. D\'Haussy foresees a rise in domestic validators due to certain regions lacking regulatory clarity.\n“We work on this to make sure that we\'ve got a diversity of geographies, diversity of underlying service providers, a mix of cloud providers, a mix of what we call bare metal providers,” he said.\nD\'Haussy predicts that in the coming years, regulations may require financial institutions to access public networks via domestic nodes, in order to ensure that activities on-chain fall under the purview of local regulators, which will significantly increase the demand for domestic validators.\nWhich means regulated crypto derivatives trading — if you’re in the right part of the world.\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):China Consumer Price Index (June/YoY/MoM)\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Economic Watchers Survey (June/Current and Outlook)\n3 p.m. HKT/SGT(7 a.m. UTC):China M2 Money Supply (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance\'s CZ Brushes Off News of Execs Leaving; Bitwise CIO on Spot Bitcoin ETF Race\nFortune reports at least three executives left Binance as the company prepared to defend itself on multiple fronts. Fairlead Strategies Founder Katie Stockton shared her crypto markets analysis after the June U.S. jobs report was released. Bitwise CIO Matt Hougan and Ether Capital CEO Brian Mosoff weighed in on the spot bitcoin ETF race. And, Horizen CEO Rob Viglione explained why the self-described layer 0 blockchain was shedding its privacy coin moniker.\nCoinbase Knew It May Have Been Violating the Law Prior to the SEC\'s Lawsuit, Regulator Claims:The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit.\nBlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred:Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin.\nThree Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi:A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.\nBinance Feels Strain of World’s Regulators Leaping Into Action:This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.\nThe Real Use Case for CBDCs: Dethroning the Dollar:Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.', 'Bitcoin dipped in Monday morning trading in Asia but held above the US$30,000 support level. Ether edged lower along with most other top 10 non-stablecoin cryptocurrencies, as anticipation of further interest rate hikes in the U.S. reduces appetite for risk across markets. Meanwhile, a JPMorgan report claims that the recent flurry of Bitcoin exchange-traded fund (ETF) applications in the U.S. may not be the game changer that some expect. This is\xa0reducing some of the optimism surrounding\xa0ongoing Bitcoin ETF applications by major Wall Street names, includingBlackRock.\nBitcoin dropped 0.32% over the last 24 hours to US$30,157 at 07:40 a.m. in Hong Kong to post a weekly loss of 1.33%, according todatafrom CoinMarketCap. The world’s leading cryptocurrency traded in the lower US$30,000 range over the weekend.\nEther edged 0.09% lower to US$1,862 and lost 3.71% for the week.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours. The exception was Polygon’s Matic token, which gained 1.15% to US$0.6876. It added 1.07% over the past seven days.\nWhile multiple Bitcoin ETF applications in the past month have stirred optimism in the crypto market, their approval may not prove as transformational as some Bitcoin advocates expect, claimed a JP Morganreporton Friday.\xa0 Similar products have existed inCanadaandEuropebut received limited inflows, the report suggests.\nDespite this element of doubt creeping in, Bitcoin whales remain bullish on the token. Blockchain data trackerSantimentnoted in atweeton Sunday that addresses holding 10 to 10,000 Bitcoin had added a further 71,000 Bitcoin totalling approximately US$2.15 billion since July 17.\n“Investors sentiment seems to — still — be slightly bolstered by Blackrock’s CEOLarry Fink’s commentand the prospect that such an openness to the asset class increases the chances of a spot BTC ETF,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“It’s worth noting that while far off, the pile up of ETF applications hints at the fact that, eventually, we will see one and, once we do, other ETFs like an ETH-denominated one might see the light of day,” d’Anethan added.\nCrypto exchange BingXannouncedon Saturday it would support Polygon blockchain’sIndore upgrade, which it said would improve the performance of the Polygon network. The move is likely to take effect\xa0from July 11.\nFounded in 2018 and headquartered in Singapore, BingX said it provides services in over 100 countries and regions, with over 5 million users, according to the press release.\nThe total cryptocurrency market cap was unchanged in the past 24 hours at US$1.18 trillion, while crypto trading volume dipped 0.22% to US$19.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.73% in the 24 hours to 10:00 a.m. in Hong Kong to 2,756.26, down 0.97% for the week. Forkast’s Ethereum, Polygon and Cardano NFT market indices also logged drops, while Solana’s index inched higher.\n“Over the past few days the NFT market buyers and farmers have found some value in NFT collections that had hit all-time low floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe world’s leading NFT marketplace Blurlaunchedits version 2 trading platform last Thursday. This introduced a new “trait bidding” feature that allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\n“Blur’s new trait offers are possibly taking pressure off of floor NFT farming,” said Petscher. This could potentially lead to more price stability for Ethereum NFT projects, he added.\nThe floor prices of major Ethereum-based NFT collectionsBored Ape Yacht Club (BAYC),AzukiandHV-MTLhave all logged two-digit gains in the past seven days. However, all three\xa0are still down at least 25% for the month, according to data from CoinGecko.\n“The sentiment in the NFT community is that [a number of collections] likely won’t recover and that this is a dead cat bounce. I expect prices to continue to bleed out until these collections find floors in the low few hundred dollar range,” Petscher said.\nTotal NFT trading volume rose 10.37% to US$26.49 million as of 11:10 a.m. in Hong Kong, according to Cryptoslam data. The volume on the Ethereum blockchain edged up 1.39% to US$14.89 million, while Bitcoin volume jumped 87.65% to US$6.76 million.\nU.S. stock futures traded lower as of 11:40 a.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also closed lower on regular session trading Friday and logged losses for the week.\nMeanwhile, most main stock indexes across Asia are mixed on Monday, with China’sShanghai Composite Indexand Hong Kong’sHang Sengedging up. South Korea’sKospiand Japan’sNikkeiposted losses.\nThe U.S.employment situation summaryby the Labor Department on Friday showed the economy added 209,000 jobs in June. That is the smallest monthly increase in the past two and a half years and lower thanReuters’ expectationof 225,000.\nHowever, wage increases and a drop in the unemployment rate indicate that the labor market is still tight. That may pave the way for further monetarytighteningfrom the Federal Reserve within the year.\nThe U.S. interest\xa0rate currently sits between 5% and 5.25%. However, theCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase at the Fed’s meeting on July 26. The likelihood the Fed won’t increase is at just 7.6%.\nAnalysts also give a 35.2% chance that the Fed will raise the rate by another 25 basis points in November, up from 9.5% a month ago.\nAll eyes are now on the U.S. consumer price index (CPI) ahead of its release on Wednesday. The index will give investors more insight into U.S. inflation and the Fed’s future monetary policies.\nAnalysts currently expect the annual inflation rate to drop to 3.1% in June, down from 4% in the previous month, as reported byBloombergon Sunday.\nMeanwhile in China, the country’s ownCPIposted no annual increase in June. That is the weakest monthly showing since adropin February 2021. The results point to a weakening recovery in the country’s post-Covid economy. Further weakening may lead to calls for increased economic stimulus measures.\n(Updates with equity section.)', 'Bitcoin dipped in Monday morning trading in Asia but held above the US$30,000 support level. Ether edged lower along with most other top 10 non-stablecoin cryptocurrencies, as anticipation of further interest rate hikes in the U.S. reduces appetite for risk across markets. Meanwhile, a JPMorgan report claims that the recent flurry of Bitcoin exchange-traded fund (ETF) applications in the U.S. may not be the game changer that some expect. This is\xa0reducing some of the optimism surrounding\xa0ongoing Bitcoin ETF applications by major Wall Street names, includingBlackRock.\nBitcoin dropped 0.32% over the last 24 hours to US$30,157 at 07:40 a.m. in Hong Kong to post a weekly loss of 1.33%, according todatafrom CoinMarketCap. The world’s leading cryptocurrency traded in the lower US$30,000 range over the weekend.\nEther edged 0.09% lower to US$1,862 and lost 3.71% for the week.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours. The exception was Polygon’s Matic token, which gained 1.15% to US$0.6876. It added 1.07% over the past seven days.\nWhile multiple Bitcoin ETF applications in the past month have stirred optimism in the crypto market, their approval may not prove as transformational as some Bitcoin advocates expect, claimed a JP Morganreporton Friday.\xa0 Similar products have existed inCanadaandEuropebut received limited inflows, the report suggests.\nDespite this element of doubt creeping in, Bitcoin whales remain bullish on the token. Blockchain data trackerSantimentnoted in atweeton Sunday that addresses holding 10 to 10,000 Bitcoin had added a further 71,000 Bitcoin totalling approximately US$2.15 billion since July 17.\n“Investors sentiment seems to — still — be slightly bolstered by Blackrock’s CEOLarry Fink’s commentand the prospect that such an openness to the asset class increases the chances of a spot BTC ETF,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“It’s worth noting that while far off, the pile up of ETF applications hints at the fact that, eventually, we will see one and, once we do, other ETFs like an ETH-denominated one might see the light of day,” d’Anethan added.\nCrypto exchange BingXannouncedon Saturday it would support Polygon blockchain’sIndore upgrade, which it said would improve the performance of the Polygon network. The move is likely to take effect\xa0from July 11.\nFounded in 2018 and headquartered in Singapore, BingX said it provides services in over 100 countries and regions, with over 5 million users, according to the press release.\nThe total cryptocurrency market cap was unchanged in the past 24 hours at US$1.18 trillion, while crypto trading volume dipped 0.22% to US$19.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.73% in the 24 hours to 10:00 a.m. in Hong Kong to 2,756.26, down 0.97% for the week. Forkast’s Ethereum, Polygon and Cardano NFT market indices also logged drops, while Solana’s index inched higher.\n“Over the past few days the NFT market buyers and farmers have found some value in NFT collections that had hit all-time low floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe world’s leading NFT marketplace Blurlaunchedits version 2 trading platform last Thursday. This introduced a new “trait bidding” feature that allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\n“Blur’s new trait offers are possibly taking pressure off of floor NFT farming,” said Petscher. This could potentially lead to more price stability for Ethereum NFT projects, he added.\nThe floor prices of major Ethereum-based NFT collectionsBored Ape Yacht Club (BAYC),AzukiandHV-MTLhave all logged two-digit gains in the past seven days. However, all three\xa0are still down at least 25% for the month, according to data from CoinGecko.\n“The sentiment in the NFT community is that [a number of collections] likely won’t recover and that this is a dead cat bounce. I expect prices to continue to bleed out until these collections find floors in the low few hundred dollar range,” Petscher said.\nTotal NFT trading volume rose 10.37% to US$26.49 million as of 11:10 a.m. in Hong Kong, according to Cryptoslam data. The volume on the Ethereum blockchain edged up 1.39% to US$14.89 million, while Bitcoin volume jumped 87.65% to US$6.76 million.\nU.S. stock futures traded lower as of 11:40 a.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also closed lower on regular session trading Friday and logged losses for the week.\nMeanwhile, most main stock indexes across Asia are mixed on Monday, with China’sShanghai Composite Indexand Hong Kong’sHang Sengedging up. South Korea’sKospiand Japan’sNikkeiposted losses.\nThe U.S.employment situation summaryby the Labor Department on Friday showed the economy added 209,000 jobs in June. That is the smallest monthly increase in the past two and a half years and lower thanReuters’ expectationof 225,000.\nHowever, wage increases and a drop in the unemployment rate indicate that the labor market is still tight. That may pave the way for further monetarytighteningfrom the Federal Reserve within the year.\nThe U.S. interest\xa0rate currently sits between 5% and 5.25%. However, theCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase at the Fed’s meeting on July 26. The likelihood the Fed won’t increase is at just 7.6%.\nAnalysts also give a 35.2% chance that the Fed will raise the rate by another 25 basis points in November, up from 9.5% a month ago.\nAll eyes are now on the U.S. consumer price index (CPI) ahead of its release on Wednesday. The index will give investors more insight into U.S. inflation and the Fed’s future monetary policies.\nAnalysts currently expect the annual inflation rate to drop to 3.1% in June, down from 4% in the previous month, as reported byBloombergon Sunday.\nMeanwhile in China, the country’s ownCPIposted no annual increase in June. That is the weakest monthly showing since adropin February 2021. The results point to a weakening recovery in the country’s post-Covid economy. Further weakening may lead to calls for increased economic stimulus measures.\n(Updates with equity section.)', 'Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," andBitcoinwill be the most sensible currency for AI to utilize, according to Arthur Hayes, co-founder of BitMEX.\nAs the analog banking sector cannot offer the same degree of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the necessary digital infrastructure.\nIn order to reduce the chance of deplatforming, he also emphasized the need for a payment rail that is censorship-resistant and has apparent and obvious standards. Because it is censorship-resistant and limited to 21 million coins, which establishes its worth over time, Hayes claimed that Bitcoin is the best cryptocurrency for AI.\nStablecoins, on the other hand, can be frozen and censored by their issuer, making them less suitable for AI. Hayes dismissedEthereumas a contender for AI\'s currency of choice, arguing that it has other applications, unlike Bitcoin and fiat currency, which are "just money."', 'Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," andBitcoinwill be the most sensible currency for AI to utilize, according to Arthur Hayes, co-founder of BitMEX.\nAs the analog banking sector cannot offer the same degree of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the necessary digital infrastructure.\nIn order to reduce the chance of deplatforming, he also emphasized the need for a payment rail that is censorship-resistant and has apparent and obvious standards. Because it is censorship-resistant and limited to 21 million coins, which establishes its worth over time, Hayes claimed that Bitcoin is the best cryptocurrency for AI.\nStablecoins, on the other hand, can be frozen and censored by their issuer, making them less suitable for AI. Hayes dismissedEthereumas a contender for AI\'s currency of choice, arguing that it has other applications, unlike Bitcoin and fiat currency, which are "just money."', 'Arthur Hayes: Bitcoin Will Be AI\x92s Native Currency Arthur Hayes Claimed That Bitcoin Is The Best Cryptocurrency For AI Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," and Bitcoin will be the most sensible currency for AI to utilize, according to Arthur Hayes, co-founder of BitMEX. As the analog banking sector cannot offer the same degree of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the necessary digital infrastructure. In order to reduce the chance of deplatforming, he also emphasized the need for a payment rail that is censorship-resistant and has apparent and obvious standards. Because it is censorship-resistant and limited to 21 million coins, which establishes its worth over time, Hayes claimed that Bitcoin is the best cryptocurrency for AI. Stablecoins, on the other hand, can be frozen and censored by their issuer, making them less suitable for AI. Hayes dismissed Ethereum as a contender for AI\'s currency of choice, arguing that it has other applications, unlike Bitcoin and fiat currency, which are "just money." View comments', 'Democratic presidential candidate Robert F. Kennedy Jr.confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30.\nAccording to CNBC, which acquired a financial disclosure, Kennedy had bought Bitcoin despite previously saying he was not an investor inBitcoin, and claiming that it was owned by his wife. Democratic Rep. Dennis Kucinich, the campaign manager for Kennedy, claimed that there is no conflict of interest and that the transaction happened after Kennedy made supportive comments about Bitcoin in Miami.\nAmong Democratic contenders, Kennedy has been a vocal proponent of Bitcoin, and his campaign announced that it will take Bitcoin payments. Some well-known members of the cryptocurrency space have endorsed Kennedy, notably Block CEO Jack Dorsey, who declared last month that Kennedy "can and will" defeat Florida Governor Ron DeSantis or Donald Trump in the general election. However, a recent poll indicates that 65% of voters would choose President Joe Biden in the Democratic presidential primaries, as opposed to 14% who would support Kennedy.', 'Democratic presidential candidate Robert F. Kennedy Jr.confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30.\nAccording to CNBC, which acquired a financial disclosure, Kennedy had bought Bitcoin despite previously saying he was not an investor inBitcoin, and claiming that it was owned by his wife. Democratic Rep. Dennis Kucinich, the campaign manager for Kennedy, claimed that there is no conflict of interest and that the transaction happened after Kennedy made supportive comments about Bitcoin in Miami.\nAmong Democratic contenders, Kennedy has been a vocal proponent of Bitcoin, and his campaign announced that it will take Bitcoin payments. Some well-known members of the cryptocurrency space have endorsed Kennedy, notably Block CEO Jack Dorsey, who declared last month that Kennedy "can and will" defeat Florida Governor Ron DeSantis or Donald Trump in the general election. However, a recent poll indicates that 65% of voters would choose President Joe Biden in the Democratic presidential primaries, as opposed to 14% who would support Kennedy.', 'Presidential Hopeful Robert F. Kennedy Confirms He Owns Bitcoin: Report According to CNBC, Which Acquired a Financial Disclosure, Kennedy Had Bought Bitcoin Democratic presidential candidate Robert F. Kennedy Jr. confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. According to CNBC, which acquired a financial disclosure, Kennedy had bought Bitcoin despite previously saying he was not an investor in Bitcoin , and claiming that it was owned by his wife. Democratic Rep. Dennis Kucinich, the campaign manager for Kennedy, claimed that there is no conflict of interest and that the transaction happened after Kennedy made supportive comments about Bitcoin in Miami. Among Democratic contenders, Kennedy has been a vocal proponent of Bitcoin, and his campaign announced that it will take Bitcoin payments. Some well-known members of the cryptocurrency space have endorsed Kennedy, notably Block CEO Jack Dorsey, who declared last month that Kennedy "can and will" defeat Florida Governor Ron DeSantis or Donald Trump in the general election. However, a recent poll indicates that 65% of voters would choose President Joe Biden in the Democratic presidential primaries, as opposed to 14% who would support Kennedy.', 'SkyQuest Technology Consulting Pvt. Ltd. Waste heat recovery system market is segmented based on the application and end-user. Based on application, the waste heat recovery system market is segmented into pre-heating, steam & electricity generation, and others. Based on end-user, the waste heat recovery system market is segmented into petroleum refinery, power, cement, chemical, metal production, pulp & paper, and others- Industry Forecast 2023-2030 Westford, USA, July 09, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the growing concerns surrounding greenhouse gas (GHG) emissions and the increasing focus on reducing carbon footprints are expected to be key driving factors for the global waste heat recovery system market in the forecast period. Stringent regulations to curb emissions and promote sustainability drive industries to adopt more environmentally friendly practices. Browse in-depth TOC on the "Waste Heat Recovery System Market" Pages - 242 Tables -\xa0 67 Figures – 75 Get sample copy of this report: https://www.skyquestt.com/sample-request/waste-heat-recovery-system-market The waste heat recovery system market is expected to experience significant growth due to technological advancements in heat recovery systems and favorable government measures aimed at harnessing waste heat for energy generation. Waste heat is generated as a byproduct of various industrial processes, power generation activities, and even vehicle exhaust emissions. Report Scope & Segmentation: Attributes Details Market Size in 2022 USD 68.6 Billion 2030 Value Projection USD 127.2 Billion CAGR 9.2% Forecast Period 2023-2030 Segments Covered Application End-User Regions Covered North America Europe Asia Pacific Latin America Middle East and Africa Prominent Players in the Waste Heat Recovery System Market ABB Alfa Laval AB Amec Foster Wheeler plc Bosch Industrial Boilers Clean Energy Technologies Inc. Cochran Ltd Danfoss A/S Echogen Power Systems Inc. Econotherm Ltd General Electric Company Mitsubishi Heavy Industries Ltd. Ormat Technologies Inc. Regenerate Power Siemens AG Sigma Thermal Inc. Thermax Ltd Viessmann Werke GmbH & Co. KG Walchandnagar Industries Limited Waste Heat Recovery Systems International LLC ZEG Power AS Story continues Browse summary of the report and Complete Table of Contents (ToC): https://www.skyquestt.com/report/waste-heat-recovery-system-market Electricity Generation and Steam Generation Segment is Expected to Grow in the Market Due to Increasing Demand for Electricity The application of activated carbon in electricity generation and steam generation has been the dominant segment in the waste heat recovery system market, primarily driven by the increasing global demand for electricity. Factors such as rising electricity prices and the ongoing efforts to reduce greenhouse gas emissions have led to adoption of waste heat recovery systems for electricity and steam generation. The markets in North America are anticipated to emerge as the largest regional waste heat recovery system market. This growth can be attributed to the increasing demand for on-site power generation and the implementation of energy-efficient technologies in various industries. The region is witnessing a rise in initiatives promoting sustainable and clean energy solutions, leading to higher waste heat recovery systems adoption. Preheating Segment is Expected to Dominate the Market Due to Utilized for Preheating Combustion Air The preheating application segment has exhibited the fastest CAGR of 6.9% from 2023 to 2030 in the waste heat recovery system market. Waste heat recovery systems play a crucial role in this segment, primarily utilized for preheating combustion air, furnace loads, boiler feed water, and space heating applications. Regional markets in Europe are poised to become the second-largest regional market. The waste heat recovery system market growth is fueled by several factors, including the increasing awareness and adoption of WHR systems and the European Union\'s waste-to-energy initiative. As European countries focus on sustainability and resource efficiency, using waste heat to generate power aligns with their environmental goals. A comprehensive analysis of the major players in the waste heat recovery system market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand. Key Developments in the Waste Heat Recovery System Market Transitional Energy and ElectraTherm recently joined forc Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $585,388,760,906 - Hash Rate: 387716032.92048943 - Transaction Count: 507115.0 - Unique Addresses: 679425.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Core developers are considering getting rid ofBRC-20transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens andOrdinalsInscriptions more generally. Some members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets. Their spirits were lifted after regulators gave their blessing to 2X Volatility Shares to start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF. The news was more bittersweet, however, for another contender hoping for a chance to offer a spot ETF: Grayscale. Donald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets. Grayscale Is Suing SEC After Spot Bitcoin ETF Rejection \x93The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot Bitcoin ETPs differently than bitcoin futures ETPs,\x94 Verilli wrote in a letter to the clerk for the U.S. Court of Appeals in Washington D.C. on Monday. For the better part of a year, the asset manager has been locked in a lawsuit against the Securities and Exchange Commission, which it accuses of being unfair and arbitrary in its approval process. Grayscale sued the SEC last June after the agency rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot market ETF. The SEC argued that Grayscale\'s application lacked a plan to monitor any impact on spot prices that came from fraud or market manipulation. Grayscale has rejected this claim, countering that futures prices themselves are drawn from spot markets, a stance that the federal judge hearing the lawsuit showed some sympathy towards at a hearing in March. Judges Scrutinize SEC Over Denial of Grayscale Bitcoin ETF For Grayscale, the approval of the Volatility Shares ETF was just more proof of the SEC\x92s inconsistency. In his letter, Verilli argued that by dealing with futures markets using leverage to achieve bigger returns, the fund was exposing investors to more risk than a spot or traditional futures ETF would. This, he argues, should invalidate their rationale opposing Grayscale\x92s filing. Story continues "While the commission could theoretically correct its discriminatory treatment of spot bitcoin ETPs by rescinding its approval of all Bitcoin-based ETPs, the Commission\'s apparent willingness to permit even a leveraged bitcoin futures ETP\x97a particularly high-risk version of a Bitcoin futures product\x97makes clear [it] has no intention of doing so," said Verilli. Representatives from Volatility Shares declined to comment on Verilli\x92s arguments. In an earlier interview with Decrypt , the ETF\x92s co-founder and president Justin Young said that it was Grayscale\x92s initial application that cracked the door open to recent entrants like BlackRock to also seek a spot market product. He added that it was his belief that approval of the Volatility Shares\x92 ETF could facilitate approval for one. Bitcoin Spot ETF Will Open Door to New Investors: Volatility Shares Co-Founder "I think it brings to a lot of people\'s attention the thought that if the SEC has let a leveraged Bitcoin linked product through, why on Earth wouldn\'t they allow spot Bitcoin through?" Young said. In a Twitter thread, Grayscale appeared to be in some agreement with this view, noting that it is not claiming that products like Volatility Shares\' ETF should not exist. The firm insisted instead that it was motivated to speak out against the SEC\'s approval process. "Ultimately, excitement for these products backs up what we\x92ve been saying all along: that investors are eager for $BTC exposure with the protections of the ETF wrapper," it wrote.', 'ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets.\nTheir spirits were lifted after regulators gave their blessing to2X Volatility Sharesto start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF.\nThe news was more bittersweet, however, for another contender hoping for a chance to offer a spot ETF: Grayscale.\nDonald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets.\n“The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot Bitcoin ETPs differently than bitcoin futures ETPs,” Verilli wrote in aletterto the clerk for the U.S. Court of Appeals in Washington D.C. on Monday.\nFor the better part of a year, the asset manager has been locked in a lawsuit against the Securities and Exchange Commission, which it accuses of being unfair and arbitrary in its approval process. Grayscalesued the SEClast June after the agency rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot market ETF.\nThe SEC argued that Grayscale\'s application lacked a plan to monitor any impact on spot prices that came from fraud or market manipulation. Grayscale has rejected this claim, countering that futures prices themselves are drawn from spot markets, a stance that thefederal judge hearingthe lawsuit showed some sympathy towards at a hearing in March.\nFor Grayscale, the approval of the Volatility Shares ETF was just more proof of the SEC’s inconsistency. In his letter, Verilli argued that by dealing with futures markets using leverage to achieve bigger returns, the fund was exposing investors to more risk than a spot or traditional futures ETF would. This, he argues, should invalidate their rationale opposing Grayscale’s filing.\n"While the commission could theoretically correct its discriminatory treatment of spot bitcoin ETPs by rescinding its approval of all Bitcoin-based ETPs, the Commission\'s apparent willingness to permit even a leveraged bitcoin futures ETP—a particularly high-risk version of a Bitcoin futures product—makes clear [it] has no intention of doing so," said Verilli.\nRepresentatives from Volatility Shares declined to comment on Verilli’s arguments.\nIn anearlier interviewwithDecrypt, the ETF’s co-founder and president Justin Young said that it was Grayscale’s initial application that cracked the door open to recent entrants like BlackRock to also seek a spot market product. He added that it was his belief that approval of the Volatility Shares’ ETF could facilitate approval for one.\n"I think it brings to a lot of people\'s attention the thought that if the SEC has let a leveraged Bitcoin linked product through, why on Earth wouldn\'t they allow spot Bitcoin through?" Young said.\nIn a Twitter thread, Grayscale appeared to be in some agreement with this view, noting that it is not claiming that products like Volatility Shares\' ETF should not exist. The firm insisted instead that it was motivated to speak out against the SEC\'s approval process.\n"Ultimately, excitement for these products backs up what we’ve been saying all along: that investors are eager for $BTC exposure with the protections of the ETF wrapper," it wrote.', 'ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets.\nTheir spirits were lifted after regulators gave their blessing to2X Volatility Sharesto start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF.\nThe news was more bittersweet, however, for another contender hoping for a chance to offer a spot ETF: Grayscale.\nDonald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets.\n“The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot Bitcoin ETPs differently than bitcoin futures ETPs,” Verilli wrote in aletterto the clerk for the U.S. Court of Appeals in Washington D.C. on Monday.\nFor the better part of a year, the asset manager has been locked in a lawsuit against the Securities and Exchange Commission, which it accuses of being unfair and arbitrary in its approval process. Grayscalesued the SEClast June after the agency rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot market ETF.\nThe SEC argued that Grayscale\'s application lacked a plan to monitor any impact on spot prices that came from fraud or market manipulation. Grayscale has rejected this claim, countering that futures prices themselves are drawn from spot markets, a stance that thefederal judge hearingthe lawsuit showed some sympathy towards at a hearing in March.\nFor Grayscale, the approval of the Volatility Shares ETF was just more proof of the SEC’s inconsistency. In his letter, Verilli argued that by dealing with futures markets using leverage to achieve bigger returns, the fund was exposing investors to more risk than a spot or traditional futures ETF would. This, he argues, should invalidate their rationale opposing Grayscale’s filing.\n"While the commission could theoretically correct its discriminatory treatment of spot bitcoin ETPs by rescinding its approval of all Bitcoin-based ETPs, the Commission\'s apparent willingness to permit even a leveraged bitcoin futures ETP—a particularly high-risk version of a Bitcoin futures product—makes clear [it] has no intention of doing so," said Verilli.\nRepresentatives from Volatility Shares declined to comment on Verilli’s arguments.\nIn anearlier interviewwithDecrypt, the ETF’s co-founder and president Justin Young said that it was Grayscale’s initial application that cracked the door open to recent entrants like BlackRock to also seek a spot market product. He added that it was his belief that approval of the Volatility Shares’ ETF could facilitate approval for one.\n"I think it brings to a lot of people\'s attention the thought that if the SEC has let a leveraged Bitcoin linked product through, why on Earth wouldn\'t they allow spot Bitcoin through?" Young said.\nIn a Twitter thread, Grayscale appeared to be in some agreement with this view, noting that it is not claiming that products like Volatility Shares\' ETF should not exist. The firm insisted instead that it was motivated to speak out against the SEC\'s approval process.\n"Ultimately, excitement for these products backs up what we’ve been saying all along: that investors are eager for $BTC exposure with the protections of the ETF wrapper," it wrote.', 'Forget lists of words and alphanumeric strings: a new Bitcoin tool lets you hide the key to your coins inside a rainbow.\nBitcoin developer Entero Positivo launched “BIP39Colors” last month, an open-sourcetoolthat can convert one’s BIP39 mnemonic phrase into a series of colors, and vice versa.\n“With this method, you can convert your 12-word phrase to 8 colors (or your 24-word phrase to 16 colors),” explained Positivo toDecryptvia DM. “Then you can convert your colors back to your original seed.”\nBIP39 is a standard for generating one’s seed phrase, an ordered set of 12 to 24 words that contains the information necessary to create a private key, which is used to create and access one’s Bitcoin wallet.\nThe standardization of mnemonic phrases was meant to make it easier for users to recover their crypto in case they lose their wallet device, converting their complex private key into a set of readable words.\nMostwallet providerstoday encourage users to write their 12 words on a sheet of paper as backup, and to keep anyone else from seeing it. As Positivo explains, however, storing one’s crypto as a list of 12 words is very obvious to hackers or thieves who come across the list.\nColors, by contrast, "are everywhere." A private key could be hidden in plain sight, and a thief wouldn’t be the wiser.\n“A paper with 12 words is more suspicious than a color palette labeled like \'my new home wall colors,\' for example, or inside a styles.css of your [website],” he said.\nThe colors generated by the tool are expressed as a hex color code, a six-digit system that represents virtually any color as some combination of red, blue, and green. These colors can be stored across “several files,” Positivo explained, including HTML, CSS, or the color palette of a PNG.\nUnlike the word-based system, one need not remember the “order” of the colors to recover one’s seed: all that matters is that all colors are present. The developer believes the flexibility of this storage method could make it more difficult for governments to seize someone\'s Bitcoin.\n“You can give one color to your mother, another inside your [website], another one written in a web design book... and in the future recover your seed from these agnostic colors,” he wrote.\nThe developer also providedinstructionsfor how to decode one’s BIP39 colors back into their mnemonic phrase with only a calculator, not requiring any external tool.', 'Forget lists of words and alphanumeric strings: a new Bitcoin tool lets you hide the key to your coins inside a rainbow.\nBitcoin developer Entero Positivo launched “BIP39Colors” last month, an open-sourcetoolthat can convert one’s BIP39 mnemonic phrase into a series of colors, and vice versa.\n“With this method, you can convert your 12-word phrase to 8 colors (or your 24-word phrase to 16 colors),” explained Positivo toDecryptvia DM. “Then you can convert your colors back to your original seed.”\nBIP39 is a standard for generating one’s seed phrase, an ordered set of 12 to 24 words that contains the information necessary to create a private key, which is used to create and access one’s Bitcoin wallet.\nThe standardization of mnemonic phrases was meant to make it easier for users to recover their crypto in case they lose their wallet device, converting their complex private key into a set of readable words.\nMostwallet providerstoday encourage users to write their 12 words on a sheet of paper as backup, and to keep anyone else from seeing it. As Positivo explains, however, storing one’s crypto as a list of 12 words is very obvious to hackers or thieves who come across the list.\nColors, by contrast, "are everywhere." A private key could be hidden in plain sight, and a thief wouldn’t be the wiser.\n“A paper with 12 words is more suspicious than a color palette labeled like \'my new home wall colors,\' for example, or inside a styles.css of your [website],” he said.\nThe colors generated by the tool are expressed as a hex color code, a six-digit system that represents virtually any color as some combination of red, blue, and green. These colors can be stored across “several files,” Positivo explained, including HTML, CSS, or the color palette of a PNG.\nUnlike the word-based system, one need not remember the “order” of the colors to recover one’s seed: all that matters is that all colors are present. The developer believes the flexibility of this storage method could make it more difficult for governments to seize someone\'s Bitcoin.\n“You can give one color to your mother, another inside your [website], another one written in a web design book... and in the future recover your seed from these agnostic colors,” he wrote.\nThe developer also providedinstructionsfor how to decode one’s BIP39 colors back into their mnemonic phrase with only a calculator, not requiring any external tool.', 'Bitcoin rose in Tuesday morning trading in Asia to hold above US$30,000, helped by U.K. bank Standard Chartered Plc predicting the token will reach US$120,000 by the end of 2024. Ether and most other top 10 non-stablecoin cryptocurrencies also moved higher, with Polygon’s Matic token spearheading the rally. U.S. equity futures also gained in the Asia time zone on Tuesday after Federal Reserve officials said the bank’s monetary tightening cycle is drawing to a close.\nBitcoin gained 0.79% over the last 24 hours to US$30,392 as of 07:40 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has recently fluctuated around the US$30,000 line but prices turned softer late last week on mixed signals about the likelihood of approval for Bitcoin spot exchange-traded funds. The token is still sitting on a weekly loss of 2.35%, according todatafrom CoinMarketCap.\nHowever, some optimism returned to Bitcoin’s pricing outlook after Standard Chartered bank predicted in a Monday report the token would reach US$50,000 by the end of 2023 and US$120,000 at the end of the following year, according toReuterson Tuesday.\nWithBitcoin’s next halving eventto take place next April, scarcer Bitcoin supply could drive up prices and in turn prompt miners to hoard the token, the Standard Chartered report said. “Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” according to the report.\nAnother plus for prices: cryptocurrency-linked investment products saw net inflows of US$136 million in the week ending July 7, marking the third consecutive week of inflows and fully correcting the prior nine weeks of outflows, according to European cryptocurrency investment firmCoinShareson Monday.\n“Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present,” wrote CoinShares in the report.\nEther rose 1.00% to US$1,880, but like Bitcoin it’s coming off softer prices and is still down 3.80% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Dogecoin and Solana’s SOL, which both dipped but the declines were within 0.5%.\nPolygon’s Matic led the winners, jumping 6.97% to US$0.7356 and adding 3.33% for the week. “Some positive on-chain signs for the 12th ranked market cap asset include rebounding network growth, decreasing supply on exchanges, and low profit taking,”saidcrypto data tracker Santiment in a tweet on early Tuesday, adding the token is on a “mini-run.”\nMatic’s recent run up comes as Polygon Labs unveiled itsPolygon 2.0roadmap on June 30, vowing to become the “Value Layer of the Internet” and on Fridayappointedthe firm’s former chief legal officer Marc Boiron as its new Chief Executive Officer.\nHowever, the token has had a rough ride in 2023, down about 2%, and has plenty of ground to make up on peers such as Solana, which has jumped 115% so far this year. Polkadot has gained 18% in the same period\nThe total crypto market capitalization moved up 0.81% in the past 24 hours to US$1.18 trillion, while trading volume surged 70.03% to US$33.54 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.20% in the 24 hours to 10:00 a.m. in Hong Kong to 2,745.16. Forkast’s Solana, Polygon and Cardano NFT market indices also fell, while Ethereum’s index rose.\nTotal NFT trading volume fell 9.41% to US$25.36 million, according to Cryptoslam data. The volume on the Ethereum blockchain dropped 2.39% to US$15.67 million, while Bitcoin volume fell 39.97% to US$4.22 million.\n“Primarily a red or even day across collections in regards to floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Traders seem to be out of liquidity and most are accepting the idea that the NFT market will continue to decline.”\nBy collection, trading volume in Ethereum-based Bored Ape Yacht Club (BAYC) NFT collection topped the list, edging up 2.96% to US$2.16 million, according to data fromCryptoSlam. The Bitcoin-based $FRAM BRC-20 NFTs and uncategorized Ordinals inscriptions ranked the second and the third.\nThe floor prices of BAYC and Mutant Ape Yacht Club edged higher in the past 24 hours, while Azuki and the Captainz moved around 1% lower. All four NFT collections have seen their floor prices slide 20% to 60% in the past month, according to data from NFT analytics platformWGMI.io.\nBlur Blend, the NFT lending platform of NFT marketplace Blur.io, started tosupportAzuki Elementals and Elemental Beans on Tuesday. The two NFT collections are spin-offs of Chiru Labs’ Azuki, which have beencriticizedby some holders for being too similar to the original Azuki collection.\n“Azuki Elementals and Elemental Beanz were both added to Blur’s Blend lending protocol, and both saw their prices decrease as traders sold possibly to exit farmed collections,” said Petscher. “Perhaps they sense fear of further floor price decreases with gamified trading.”\nU.S. stock futurestradedhigher as of 12:50 a.m. in Hong Kong, following on from gains in all three major U.S. indexes in regular Monday trading.\nU.S. equities received a boost from comments by several Federal Reserve officials on Monday, indicating that while more interest rate hikes are needed to curb inflation, the Fed’s monetary tightening cycle is drawing to an end, Reutersreportedon Tuesday.\n“My view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more information on how the economy is evolving,”saidCleveland Federal Reserve President Loretta J. Mester on Monday. The Fed was “closer to the end of our tightening phase than the beginning,” she added.\nMost main stock indexes across Asia benefited from the optimism on Wall Street, with China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall moving higher on Tuesday.\nHowever, Citigroup downgraded the outlook for U.S. stocks to neutral on Monday on expectations for a retreat in growth stocks and a recession in the fourth quarter of the year, according toReuterson Monday.\nThe U.S. consumer price index (CPI) for June comes out Wednesday, offering the latest insight into the pace of U.S. inflation. Financial giants including BlackRock, JPMorgan Chase, Wells Fargo and Citigroup are also set to report their second-quarter earnings this week.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which now sit between 5% and 5.25%, TheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase this month, and a 7.6% chance for the Fed to leave the rate unchanged.\nIn China, the People’s Bank of China and National Financial Regulatory Administration said in a jointstatementon Monday they would take measures to stabilize the country’s property industry, which include encouraging financial institutions to extend property firms’ outstanding loans through negotiations. The signal was welcomed by investors and drove up shares of property developers, according toBloombergon Tuesday.\n(Updates with equity section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above US$30,000, helped by U.K. bank Standard Chartered Plc predicting the token will reach US$120,000 by the end of 2024. Ether and most other top 10 non-stablecoin cryptocurrencies also moved higher, with Polygon\x92s Matic token spearheading the rally. U.S. equity futures also gained in the Asia time zone on Tuesday after Federal Reserve officials said the bank\x92s monetary tightening cycle is drawing to a close. Crypto Bitcoin gained 0.79% over the last 24 hours to US$30,392 as of 07:40 a.m. in Hong Kong. The world\x92s biggest cryptocurrency by market capitalization has recently fluctuated around the US$30,000 line but prices turned softer late last week on mixed signals about the likelihood of approval for Bitcoin spot exchange-traded funds. The token is still sitting on a weekly loss of 2.35%, according to data from CoinMarketCap. However, some optimism returned to Bitcoin\x92s pricing outlook after Standard Chartered bank predicted in a Monday report the token would reach US$50,000 by the end of 2023 and US$120,000 at the end of the following year, according to Reuters on Tuesday. With Bitcoin\x92s next halving event to take place next April, scarcer Bitcoin supply could drive up prices and in turn prompt miners to hoard the token, the Standard Chartered report said. \x93Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,\x94 according to the report. Another plus for prices: cryptocurrency-linked investment products saw net inflows of US$136 million in the week ending July 7, marking the third consecutive week of inflows and fully correcting the prior nine weeks of outflows, according to European cryptocurrency investment firm CoinShares on Monday. \x93Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present,\x94 wrote CoinShares in the report. Story continues Ether rose 1.00% to US$1,880, but like Bitcoin it\x92s coming off softer prices and is still down 3.80% for the week. Most other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Dogecoin and Solana\x92s SOL, which both dipped but the declines were within 0.5%. Polygon\x92s Matic led the winners, jumping 6.97% to US$0.7356 and adding 3.33% for the week. \x93Some positive on-chain signs for the 12th ranked market cap asset include rebounding network growth, decreasing supply on exchanges, and low profit taking,\x94 said crypto data tracker Santiment in a tweet on early Tuesday, adding the token is on a \x93mini-run.\x94 Matic\x92s recent run up comes as Polygon Labs unveiled its Polygon 2.0 roadmap on June 30, vowing to become the \x93Value Layer of the Internet\x94 and on Friday appointed the firm\x92s former chief legal officer Marc Boiron as its new Chief Executive Officer. However, the token has had a rough ride in 2023, down about 2%, and has plenty of ground to make up on peers such as Solana, which has jumped 115% so far this year. Polkadot has gained 18% in the same period The total crypto market capitalization moved up 0.81% in the past 24 hours to US$1.18 trillion, while trading volume surged 70.03% to US$33.54 billion. NFT volumes skid amid low floor prices The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dipped 0.20% in the 24 hours to 10:00 a.m. in Hong Kong to 2,745.16. Forkast\x92s Solana, Polygon and Cardano NFT market indices also fell, while Ethereum\x92s index rose. Total NFT trading volume fell 9.41% to US$25.36 million, according to Cryptoslam data. The volume on the Ethereum blockchain dropped 2.39% to US$15.67 million, while Bitcoin volume fell 39.97% to US$4.22 million. \x93Primarily a red or even day across collections in regards to floor prices,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93Traders seem to be out of liquidity and most are accepting the idea that the NFT market will continue to decline.\x94 By collection, trading volume in Ethereum-based Bored Ape Yacht Club (BAYC) NFT collection topped the list, edging up 2.96% to US$2.16 million, according to data from CryptoSlam . The Bitcoin-based $FRAM BRC-20 NFTs and uncategorized Ordinals inscriptions ranked the second and the third. The floor prices of BAYC and Mutant Ape Yacht Club edged higher in the past 24 hours, while Azuki and the Captainz moved around 1% lower. All four NFT collections have seen their floor prices slide 20% to 60% in the past month, according to data from NFT analytics platform WGMI.io . Blur Blend, the NFT lending platform of NFT marketplace Blur.io, started to support Azuki Elementals and Elemental Beans on Tuesday. The two NFT collections are spin-offs of Chiru Labs\x92 Azuki, which have been criticized by some holders for being too similar to the original Azuki collection. \x93Azuki Elementals and Elemental Beanz were both added to Blur\x92s Blend lending protocol, and both saw their prices decrease as traders sold possibly to exit farmed collections,\x94 said Petscher. \x93Perhaps they sense fear of further floor price decreases with gamified trading.\x94 An end to rate hikes? Image: Envato Elements U.S. stock futures traded higher as of 12:50 a.m. in Hong Kong, following on from gains in all three major U.S. indexes in regular Monday trading. U.S. equities received a boost from comments by several Federal Reserve officials on Monday, indicating that while more interest rate hikes are needed to curb inflation, the Fed\x92s monetary tightening cycle is drawing to an end, Reuters reported on Tuesday. \x93My view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more information on how the economy is evolving,\x94 said Cleveland Federal Reserve President Loretta J. Mester on Monday. The Fed was \x93closer to the end of our tightening phase than the beginning,\x94 she added. Most main stock indexes across Asia benefited from the optimism on Wall Street, with China\x92s Shanghai Composite , Hong Kong\x92s Hang Seng , South Korea\x92s Kospi and Japan\x92s Nikkei all moving higher on Tuesday. However, Citigroup downgraded the outlook for U.S. stocks to neutral on Monday on expectations for a retreat in growth stocks and a recession in the fourth quarter of the year, according to Reuters on Monday. The U.S. consumer price index (CPI) for June comes out Wednesday, offering the latest insight into the pace of U.S. inflation. Financial giants including BlackRock, JPMorgan Chase, Wells Fargo and Citigroup are also set to report their second-quarter earnings this week. The Federal Reserve will meet on July 26 to make its next move on interest rates, which now sit between 5% and 5.25%, The CME FedWatch Tool predicts a 92.4% chance for a 25-basis-point rate increase this month, and a 7.6% chance for the Fed to leave the rate unchanged. In China, the People\x92s Bank of China and National Financial Regulatory Administration said in a joint statement on Monday they would take measures to stabilize the country\x92s property industry, which include encouraging financial institutions to extend property firms\x92 outstanding loans through negotiations. The signal was welcomed by investors and drove up shares of property developers, according to Bloomberg on Tuesday. (Updates with equity section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above US$30,000, helped by U.K. bank Standard Chartered Plc predicting the token will reach US$120,000 by the end of 2024. Ether and most other top 10 non-stablecoin cryptocurrencies also moved higher, with Polygon’s Matic token spearheading the rally. U.S. equity futures also gained in the Asia time zone on Tuesday after Federal Reserve officials said the bank’s monetary tightening cycle is drawing to a close.\nBitcoin gained 0.79% over the last 24 hours to US$30,392 as of 07:40 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has recently fluctuated around the US$30,000 line but prices turned softer late last week on mixed signals about the likelihood of approval for Bitcoin spot exchange-traded funds. The token is still sitting on a weekly loss of 2.35%, according todatafrom CoinMarketCap.\nHowever, some optimism returned to Bitcoin’s pricing outlook after Standard Chartered bank predicted in a Monday report the token would reach US$50,000 by the end of 2023 and US$120,000 at the end of the following year, according toReuterson Tuesday.\nWithBitcoin’s next halving eventto take place next April, scarcer Bitcoin supply could drive up prices and in turn prompt miners to hoard the token, the Standard Chartered report said. “Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” according to the report.\nAnother plus for prices: cryptocurrency-linked investment products saw net inflows of US$136 million in the week ending July 7, marking the third consecutive week of inflows and fully correcting the prior nine weeks of outflows, according to European cryptocurrency investment firmCoinShareson Monday.\n“Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present,” wrote CoinShares in the report.\nEther rose 1.00% to US$1,880, but like Bitcoin it’s coming off softer prices and is still down 3.80% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Dogecoin and Solana’s SOL, which both dipped but the declines were within 0.5%.\nPolygon’s Matic led the winners, jumping 6.97% to US$0.7356 and adding 3.33% for the week. “Some positive on-chain signs for the 12th ranked market cap asset include rebounding network growth, decreasing supply on exchanges, and low profit taking,”saidcrypto data tracker Santiment in a tweet on early Tuesday, adding the token is on a “mini-run.”\nMatic’s recent run up comes as Polygon Labs unveiled itsPolygon 2.0roadmap on June 30, vowing to become the “Value Layer of the Internet” and on Fridayappointedthe firm’s former chief legal officer Marc Boiron as its new Chief Executive Officer.\nHowever, the token has had a rough ride in 2023, down about 2%, and has plenty of ground to make up on peers such as Solana, which has jumped 115% so far this year. Polkadot has gained 18% in the same period\nThe total crypto market capitalization moved up 0.81% in the past 24 hours to US$1.18 trillion, while trading volume surged 70.03% to US$33.54 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.20% in the 24 hours to 10:00 a.m. in Hong Kong to 2,745.16. Forkast’s Solana, Polygon and Cardano NFT market indices also fell, while Ethereum’s index rose.\nTotal NFT trading volume fell 9.41% to US$25.36 million, according to Cryptoslam data. The volume on the Ethereum blockchain dropped 2.39% to US$15.67 million, while Bitcoin volume fell 39.97% to US$4.22 million.\n“Primarily a red or even day across collections in regards to floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Traders seem to be out of liquidity and most are accepting the idea that the NFT market will continue to decline.”\nBy collection, trading volume in Ethereum-based Bored Ape Yacht Club (BAYC) NFT collection topped the list, edging up 2.96% to US$2.16 million, according to data fromCryptoSlam. The Bitcoin-based $FRAM BRC-20 NFTs and uncategorized Ordinals inscriptions ranked the second and the third.\nThe floor prices of BAYC and Mutant Ape Yacht Club edged higher in the past 24 hours, while Azuki and the Captainz moved around 1% lower. All four NFT collections have seen their floor prices slide 20% to 60% in the past month, according to data from NFT analytics platformWGMI.io.\nBlur Blend, the NFT lending platform of NFT marketplace Blur.io, started tosupportAzuki Elementals and Elemental Beans on Tuesday. The two NFT collections are spin-offs of Chiru Labs’ Azuki, which have beencriticizedby some holders for being too similar to the original Azuki collection.\n“Azuki Elementals and Elemental Beanz were both added to Blur’s Blend lending protocol, and both saw their prices decrease as traders sold possibly to exit farmed collections,” said Petscher. “Perhaps they sense fear of further floor price decreases with gamified trading.”\nU.S. stock futurestradedhigher as of 12:50 a.m. in Hong Kong, following on from gains in all three major U.S. indexes in regular Monday trading.\nU.S. equities received a boost from comments by several Federal Reserve officials on Monday, indicating that while more interest rate hikes are needed to curb inflation, the Fed’s monetary tightening cycle is drawing to an end, Reutersreportedon Tuesday.\n“My view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more information on how the economy is evolving,”saidCleveland Federal Reserve President Loretta J. Mester on Monday. The Fed was “closer to the end of our tightening phase than the beginning,” she added.\nMost main stock indexes across Asia benefited from the optimism on Wall Street, with China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall moving higher on Tuesday.\nHowever, Citigroup downgraded the outlook for U.S. stocks to neutral on Monday on expectations for a retreat in growth stocks and a recession in the fourth quarter of the year, according toReuterson Monday.\nThe U.S. consumer price index (CPI) for June comes out Wednesday, offering the latest insight into the pace of U.S. inflation. Financial giants including BlackRock, JPMorgan Chase, Wells Fargo and Citigroup are also set to report their second-quarter earnings this week.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which now sit between 5% and 5.25%, TheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase this month, and a 7.6% chance for the Fed to leave the rate unchanged.\nIn China, the People’s Bank of China and National Financial Regulatory Administration said in a jointstatementon Monday they would take measures to stabilize the country’s property industry, which include encouraging financial institutions to extend property firms’ outstanding loans through negotiations. The signal was welcomed by investors and drove up shares of property developers, according toBloombergon Tuesday.\n(Updates with equity section.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show healthy signs of decentralization, even as it has liquidity issues.\nInsights:A lack of dollar liquidity means some weird things are happening on Binance.US.\nCoinDesk Market Index (CMI)\n1,277.65\n+8.6▲0.7%\nBitcoin (BTC)\n$30,366\n+212.6▲0.7%\nEthereum (ETH)\n$1,891\n+30.2▲1.6%\nS&P 500 daily close\n4,409.53\n+10.6▲0.2%\nGold\n$1,931\n+4.3▲0.2%\nTreasury Yield 10 Years\n4.01%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,277.65", "+8.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,366", "+212.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,891", "+30.2\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,409.53", "+10.6\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.3\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["4.01%", "\\u25bc0.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin\'s Decentralization is Alive and Well as it Maintains $30K Mark\nBitcoin is opening the Tuesday trading day in Asia at $30,366, maintaining a strong presence above $30K.\nWhile the trading volume and market movements have been fairly flat over the last few days,as the market continues its struggle with liquidity, bitcoin has recently passed a symbolic milestone.\nThe number of wallets holding at least one bitcoin has reached an all-time high of 1,008,737 million, according to data fromGlassnode.\nThis increased distribution of wallets with at least one bitcoin suggests increased decentralization of the network. Meanwhile,Glassnode’s datashows that the number of whales is also decreasing.\nThe number of wallets holding at least one bitcoin firstcrossed the million mark in Mayand has been rising since.\nAll this comes as the popularity of ordinals increases the load on the Bitcoin network.\nA number of metrics are showing increased activity, from anuptick in miners transferring coins to exchangesto the number of addresses with a balance greater than 0.1.\nBitcoin’s next big moves will likely come later this week as jobless claims and CPI data are released, both of which will indicate how successful the Fed’s moves at taming inflation are – data that traders zoom in on when making their next moves.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+8.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.8%", "DACS Sector": "Currency"}]\nBinance.US Has a Free Money Problem\nBinance.USwas always meant to be the fiat pipeline for U.S. nationals wanting to use Binance. But as of last month, it’s having trouble fulfilling that role as itsfiat pipelines are suspended.\nWith no fiat liquidity, this has put the exchange in a weird place. Bitcoin is trading at a discount of 9%, as is Tether (USDT); the world’s biggest dollar-pegged stablecoin is trading at a nearly 9-cent discount from other exchanges.\nThe exchange’s market depth or traders’ ability to execute large orders at stable prices has also deteriorated significantly in recent months, aiding wild price action.\nData from research group Kaiko shows that market depth has collapsed onBinance.US, with an over 60% drop in liquidity available on the platform in June.\nAdrian Wang, founder, and CEO at digital assets wealth management firm Metalpha, points to the looming withdrawal deadline of July 20 as a reason for the depegging.\n“As the days approach this deadline, lesser liquidity and lesser banks to exchange fiat means that we may see this de-peg continue,” he told CoinDesk.\nAn easy trade right now is to buy USDT at a discount onBinance.USand move it elsewhere to trade with. But it just can’t involve fiat ramps – the bread and butter of most ofBinance.US’ users.\n“I think there might be some arbitrage opportunities for institutions or market makers, but retail traders wouldn’t likely have the risk tolerance or understanding,” Nick Ruck, COO of DeFi protocol ContentFi Labs said to CoinDesk in a note.\nCertainly, many have been doing this to enjoy free money; in the last week the exchange has had a netflow of negative $16.2 million, according toNansen.aidata.\nAlthough some have saidsuch a trade is not worth the risk.\nBut the question is, why hasn’t this resolved itself? Why hasn’t it either brought down Tether’s overall value, or pushed back up the value of USDT onBinance.US?\n“Compared with the total circulation of USDT, the selling volume is not enough to affect the overall market price in the end,” Tony Ling, co-founder of data portal NFTGo, and a partner at Bizantine Capital, told CoinDesk. “There have been more serious price deviations before, and nothing happened in the end.”\nFor now, enjoy the free money.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):National Australia Bank Business Confidence/Business Conditions reports (June)\n9 p.m. HKT/SGT(1 p.m. UTC):St. Louis Federal Reserve CEO and President James Bullard speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC Files Response to Coinbase; Legal Expert Addresses Gemini\'s Lawsuit Against DCG\nThe SEC argued in a new filing last Friday that Coinbase acknowledged the possibility that federal securities laws would apply to its listings years ago. Hodder Law Firm Managing Partner Sasha Hodder weighed in on Gemini suing Digital Currency Group. DCG owns Genesis and CoinDesk. Opimas LLC CEO Octavio Marenzi shared his crypto markets analysis. And, Shardeum chief growth officer Kelsey McGuire discussed the Layer 1 blockchain\'s latest funding round.\nApple May Not Like It, but ‘Zapple Pay’ Finds Workaround for Bitcoin Tipping on Damus:The new third-party payment service claims to be independent of the Damus iPhone app that Apple has tried to restrict, and lets users tip one another on any app that runs on the Nostr protocol.\nCrypto Startup Arkham Has Apparently Been Doxxing Users for Months:The company had already angered the crypto community Monday with a service that unmasks anonymous crypto users. Then came allegations it used an easy-to-decipher method for hiding customers’ email addresses.\nGrayscale Bitcoin Trust Discount Narrows to Lowest Since May 2022:Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.\nWhat Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities:Crypto protocols are often multi-billion dollar bug bounties, for better or worse.\nCoinDesk Market Index Q2 Review: Quiet Appreciation, Regulatory Uncertainty:On the positive side, the SEC started approving crypto ETF products, buoying markets for bitcoin and ether. On the other: major crypto exchanges were sued by regulators, increasing regulatory uncertainty around the sector.\nDisclaimer: This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show healthy signs of decentralization, even as it has liquidity issues.\nInsights:A lack of dollar liquidity means some weird things are happening on Binance.US.\nCoinDesk Market Index (CMI)\n1,277.65\n+8.6▲0.7%\nBitcoin (BTC)\n$30,366\n+212.6▲0.7%\nEthereum (ETH)\n$1,891\n+30.2▲1.6%\nS&P 500 daily close\n4,409.53\n+10.6▲0.2%\nGold\n$1,931\n+4.3▲0.2%\nTreasury Yield 10 Years\n4.01%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,277.65", "+8.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,366", "+212.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,891", "+30.2\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,409.53", "+10.6\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.3\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["4.01%", "\\u25bc0.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin\'s Decentralization is Alive and Well as it Maintains $30K Mark\nBitcoin is opening the Tuesday trading day in Asia at $30,366, maintaining a strong presence above $30K.\nWhile the trading volume and market movements have been fairly flat over the last few days,as the market continues its struggle with liquidity, bitcoin has recently passed a symbolic milestone.\nThe number of wallets holding at least one bitcoin has reached an all-time high of 1,008,737 million, according to data fromGlassnode.\nThis increased distribution of wallets with at least one bitcoin suggests increased decentralization of the network. Meanwhile,Glassnode’s datashows that the number of whales is also decreasing.\nThe number of wallets holding at least one bitcoin firstcrossed the million mark in Mayand has been rising since.\nAll this comes as the popularity of ordinals increases the load on the Bitcoin network.\nA number of metrics are showing increased activity, from anuptick in miners transferring coins to exchangesto the number of addresses with a balance greater than 0.1.\nBitcoin’s next big moves will likely come later this week as jobless claims and CPI data are released, both of which will indicate how successful the Fed’s moves at taming inflation are – data that traders zoom in on when making their next moves.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+8.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.8%", "DACS Sector": "Currency"}]\nBinance.US Has a Free Money Problem\nBinance.USwas always meant to be the fiat pipeline for U.S. nationals wanting to use Binance. But as of last month, it’s having trouble fulfilling that role as itsfiat pipelines are suspended.\nWith no fiat liquidity, this has put the exchange in a weird place. Bitcoin is trading at a discount of 9%, as is Tether (USDT); the world’s biggest dollar-pegged stablecoin is trading at a nearly 9-cent discount from other Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $592,852,204,875 - Hash Rate: 339880937.9497796 - Transaction Count: 432293.0 - Unique Addresses: 686922.0 Social & AI Sentiment: - Fear & Greed Index: 0.57 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Halfway through 2023, the crypto industry isslowly recovering from the bruisesand losses it suffered last year and regaining ground. A very long crypto winter, collapses, millions of dollars lost and, of course, the whole FTX debacle have instilled caution and a loss in confidence in the space for many investors. I’m a Self-Made Millionaire:These Are the 6 Investments Everyone Should Make During an Economic DownturnCheck Out:3 Things You Must Do When Your Savings Reach $50,000 Yet, several experts argue that despite the beating the industry took,there are some winners that have either emerged or become even more prominent. Meanwhile, they caution about certain pockets or practices in the industry that can still prove detrimental to investors. “Obviously the headlines have focused on the daisy chain of collapses that impacted a large number of the centralized players in the crypto industry over the last year, notably Celsius, Voyager and FTX,” said Nihar Neelakanti, CEO and co-founder ofEcosapiens. “But I think a somewhat overlooked story in our industry has been how durable the crypto industry has been amid this ongoing banking crisis.” Bitcoin’s value proposition, he said, has been reinforced in a profound way to a good many people and organizations that otherwise likely would not have considered it to be an investment hedge to systemic financial issues. Neelakanti explained that Bitcoin of course was born in the flames of the Great Financial Crisis; but, until recently, a lot of investors viewed it as a niche plaything for the tech world. “No longer,” he said. The asset has regained some attention partly because of the recent turmoil in the traditional banking system and the ensuing collapses of several banks. Take Our Poll:Who Has Given You the Best Money Advice You Have Ever Received? “I personally know several people who allocated a portion of their own funds to Bitcoin when Silicon Valley Bank collapse happened,” he said, adding that the banking crisis shook their understanding of the stability of our financial system. In turn, they sought out Bitcoin because it serves as an insurance policy for these kinds of crises. “Bitcoin is the ultimate bearer asset — or, I should say, the opposite of a bank deposit in that you can hold Bitcoin in your digital wallet as you would cash in your physical wallet,” he added. “It’s decentralized, meaning that it’s highly secure. It makes sense, in this context, that Bitcoin has performed relatively well since the banking crisis kicked off. So, in a sense, those who now use Bitcoin as a hedge have scored a win when it comes to both investing and indeed securing their own funds.” Bitcoin was around $28,000 on May 30, up a whopping 68.8% year to date, according to MarketWatch data. Other events are also buoying the asset, notably the recent news of a potential debt ceiling deal. Sam North, market analyst ateToro, noted on May 30 that Bitcoin has surged to a two-week high on the back of a potential deal struck by Republicans and Democrats to avoid a U.S. debt ceiling default. “Having traded below or around $27,000 for the past two weeks, Bitcoin surged early this week to close to $28,000 as investors bought the news of a potential deal to avoid default disaster,” he said. “The crypto asset is still below recent levels, however, as markets continue to tread carefully.” North noted that Ether similarly saw a price surge, having traded around $1,800 for three weeks and rising to just shy of $1,900 following the debt ceiling news. The asset was up a notable 60% year to date, according to MarketWatch data. Anthony Georgiades, co-founder ofPastel Network, said the biggest winners are those who have invested in building out incredibly powerful crypto protocols. “Indeed,” he said, “it’s the builders who have invested their time and hard work in this industry amid the turbulence and, in turn, who are helping to secure the longer term and powerful vision of the digital asset industry.” He specifically pointed at Ethereum and the massive improvements made to the chain that have taken place over the last several months, notably transitioning Ethereum from proof of work to proof of stake, which, he said, was a huge accomplishment not only in technical terms but also the long-term viability of the chain itself. “And when coupled with Ethereum’s Shanghai upgrade, which added tremendous amounts of utility in terms of staking, the chain became a long-term investment not only for crypto-native users but also for bigger institutions that want to get exposure to this ecosystem,” he added. “Those upgrades were huge wins for our industry, propelling us forward at a time of great economic turbulence and regulatory uncertainty, and it’s exciting to see!” Meme coins had a huge moment in the sun, peddled by celebrities on social media and enabling many investors to make a quick buck. But, with the numerous scandals and enormous losses that marred the crypto space last year, caution is now the guiding light for many investors. What’s more, meme coins themselves have seen their reputation tarnished due to the rise of rug pulls, a scam in which developers build what appear to be legitimate crypto projects before taking investors’ money and disappearing. Just recently, a new meme coin hit the market in late April: Pepe saw an explosive surge, reaching a market cap of $1.6 billion at one point, according to CoinMarketCap — although on May 30 its market cap was down to $576,125,504. The surge has prompted some to say a new meme coin season is upon us, which caused other meme coins “to go on spectacular pumps and just as astounding dumps,” CoinMarketCap noted. “For every tale of rags to riches, there’s a horror story lurking in the shadows,” saidSmartblockschief revenue and marketing officer Mark Fidelman, who added this is where meme coins like Pepe come into play. “Listen, I get it: The idea of investing in something that’s a bit tongue in cheek, a bit fun, it’s tempting,” he said. “But let me be clear: These are not a safe bet. It’s like playing the lottery, except your odds are probably worse. There’s no real value, no solid backing to these coins, and the market is ripe for manipulation. “Don’t get me wrong: Some folks have made a quick buck, but countless others have lost their shirts. So, if you’re thinking about dabbling in meme coins, just remember: It’s a gamble, not an investment.” In the end, experts agree that venturing into the world of cryptocurrencies can be a thrilling and potentially highly rewarding endeavor, if you do it the “right” way. “By approaching your investments with a serious and well-informed mindset, drawing wisdom from noteworthy wins and losses and prioritizing long-term thinking, you can confidently navigate the complexities of crypto investments,” said Mikkel Morch, chairman and non-executive director atARK36. “Embrace the power of knowledge, strategically diversify your portfolio, safeguard against scams and actively engage with the crypto community. Remember, success in this realm requires continuous learning, adaptability and a steadfast commitment to your investment strategy.” More From GOBankingRates • Houses in These Cities Are Suddenly Bargains • See GOBankingRates' Top 100 Most Influential Money Experts and Vote for Your Favorite • 3 Things You Must Do When Your Savings Reach $50,000 • 48 Easy Things You Can Do To Live Better and Save Money This article originally appeared onGOBankingRates.com:Crypto’s Biggest Winners and Losers Halfway Through 2023, According to Experts... - Reddit Posts (Sample): [['u/thebestbaghodlr', 'ELI5: Why would the halving affect prices at all this time?', 65, '2023-07-11 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14wh1h0/eli5_why_would_the_halving_affect_prices_at_all/', 'Since we can\'t seem to talk about anything else here anymore I might as well dive deeper into the halving. I have two reasons why I personally think it won\'t affect prices but I\'m open to people correcting me. \n\n1. With 93% of BTC already mined, why does it matter how long the remaining 7% takes to mine? I can understand the effects of halvings early on were massive, new BTC was bountiful and suddenly new supplies were sliced significantly. But almost all of the mining is already done. This is the area I welcome some education on, if I\'m overlooking some core concept here. \n\n\n2. The one I feel is more important: everyone expects it to pump after the halving, so this is already priced in. If anything it feels like there will be a large "sell the news" scenario. To be clear I feel BTC is largely undervalued and should be standing higher than it currently is but I don\'t feel like the halving is the catalyst for this to occur', 'https://www.reddit.com/r/CryptoCurrency/comments/14wh1h0/eli5_why_would_the_halving_affect_prices_at_all/', '14wh1h0', [['u/emptyzed81', 10, '2023-07-11 10:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14wh1h0/eli5_why_would_the_halving_affect_prices_at_all/jrif6kl/', '30k for 1digital string of numbers and letters is a lot if ya think about it🤣', '14wh1h0']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: What\'s going to move bitcoin away from $30,000? Insights: A freely convertible Chinese Yuan is a requirement for a CNY stablecoin. That\'s not going to happen anytime soon. Prices CoinDesk Market Index (CMI) 1,245 +4.0 ▲ 0.3% Bitcoin (BTC) $30,608 +202.5 ▲ 0.7% Ethereum (ETH) $1,878 −0.7 ▼ 0.0% S&P 500 4,439.26 +29.7 ▲ 0.7% Gold $1,939 +13.6 ▲ 0.7% Nikkei 225 32,203.57 +13.8 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,245 +4.0 ▲ 0.3% Bitcoin (BTC) $30,608 +202.5 ▲ 0.7% Ethereum (ETH) $1,878 −0.7 ▼ 0.0% S&P 500 4,439.26 +29.7 ▲ 0.7% Gold $1,939 +13.6 ▲ 0.7% Nikkei 225 32,203.57 +13.8 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is Looking at a 2024 Bull Market, But is $120,000 Realistic? As Asia opens for its trading day, bitcoin continues to maintain the $30,000 mark, while ether is flat. Coinglass data shows that in the last 12 hours, slightly more long liquidations than short liquidations occurred with $7 million longs and $6.73 million shorts liquidated. “The market is on standby, awaiting signals of price increase following a slowdown or pause in rate hikes in the second half of the year, which would be characterized by liquidity inflow,” Bybit’s Ether Chen, its lead financial engineer, told CoinDesk in a note. Chen said that Bybit’s team expects a potential market price recovery in the fourth quarter, but a full bull market might not materialize until 2024. This recovery would be contingent upon the cessation of rate hikes, BTC halving and the resolution of regulatory storms. Tim Frost, CEO of digital wealth platform Yield App points to slowing inflation figures but a market confidence that the Federal Reserve will still hike rates as sort of a mixed messaging, and dismisses a recent report from Standard Chartered that bitcoin will hit $120,000 by the end of next year. Story continues “For crypto assets, this all likely means continued range trading around current levels. Bitcoin seems to be holding fairly close to $30,000 at the moment which is a near 100% increase from January when it started the year at $16,540,” he said in a note. “There are few assets that perform this well in a "bear" market, and canny seasoned traders will likely have done well on BTC this year.” Regardless of whether or not Standard Chartered’s price prediction is correct, Frost sees a bull market on the horizon for 2024. “The long-range consensus remains that crypto will enter its next bull market in 2024 following a period of continued consolidation this year and, behind closed doors, huge innovation is paving the way for the next wave of crypto adoption,” he concludes. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +3.7% Smart Contract Platform Decentraland MANA +2.3% Entertainment Cardano ADA +1.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −1.2% Smart Contract Platform Avalanche AVAX −0.9% Smart Contract Platform Cosmos ATOM −0.4% Smart Contract Platform Insights Here\'s Why we Won\'t See a CNY Stablecoin Circle’s CEO Jeremy Allaire argues that a stablecoin pegged to the Chinese Yuan (CNY) is a better option than a Central Bank Digital Currency (CBDC). But a yuan stablecoin isn’t going to happen, just like a Chinese CBDC isn’t going to challenge the dollar. Why? Because the free convertibility of the yuan goes against a core fundamental of Beijing’s monetary policy. The People’s Bank of China (PBoC) maintains strict control over the exchange rate of the yuan, keeping it within a narrow band and not allowing it to float freely in international markets. This allows China to maintain control over its export prices and its domestic economy. But it also means that the yuan can’t be used offshore, like the Euro or the USD, and there are strict capital controls on how much you can bring out of the country. The more you want your currency used internationally, the more control you need to be willing to cede. As the IMF’s First Deputy Managing Director Gita Gopinath pointed out in a 2022 address, these aren’t the traits of a global currency. After all, the yuan is only used in around 3.2% of global payments as of January 2022. "If a country is aspiring to be a global currency, then in that case, you would need to have, you know, basically fully and freely mobile capital, full capital account liberalization, full convertibility of exchange rate, which is not the case right now in China," Gopinath is quoted as saying . Currency manipulation has been a contentious issue in U.S.-China relations, and, in 2019, the U.S. Department of the Treasury labeled the country a currency manipulator . But you know who else has been on the radar of Washington as a currency manipulator? Taiwan. Unlike China, Taiwan does not actively intervene to keep its currency, the New Taiwan Dollar (TWD), artificially low to boost exports. Instead, Taiwan has been known to intervene to prevent rapid appreciation of its currency which could harm its export-driven economy. This has been an issue since 1989, when the U.S. Senate subcommittee on international trade called a hearing on currency manipulation . David Mulford, the then Under Secretary-Designate, Office of International Affairs, Department of the Treasury, noted the large-scale intervention in the foreign exchange market by Taiwan\'s Central Bank, and a lack of significant exchange rate appreciation despite Taiwan running large external surpluses. For its part, Taipei denies that it\'s an active currency manipulator or has capital controls pointing to the openness of foreign investment in its equities market and the free convertibility of foreign currency on its shores. But if there’s one thing that unites Taipei and Beijing, its that central bankers in neither capital want to relinquish control of their currencies to the market. Important events. 1 p.m. HKT/SGT(UTC): Bank of England Financial Stability Report 8:30 p.m. HKT/SGT(12:30 p.m. UTC): U.S. Consumer Price Index (June/MoM/YoY) 7:50 a.m. HKT/SGT(23:50 p.m. UTC/July 11): Japan Producer Price Index CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Justin Sun on State of Crypto Regulation; EU\'s Metaverse Strategy TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the state of crypto regulation, outlook on Hong Kong, and much more. Bitcoin (BTC) is holding firm above $30,000. GSR Markets co-founder and president Rich Rosenblum gave his crypto markets analysis. And, the European Commission\'s metaverse strategy is slated to be released later today. Metaverse EU editor Patrick Grady shared his expectations. Headlines Bitcoin Quiets Down in July After a Tumultuous First Half of 2023: While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month. BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level: An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address. Ether Staking Ratio Nears Key Milestone as Inflows Slow Amid Regulatory Pressures: Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data. Why Threads Got 100 Million Users When Other Twitter Rivals Could Not: Network effects and ease-of-use rule the day. And, a lot of people clearly don’t care about decentralization and privacy all that much, says CoinDesk’s Emily Parker. The Big Robert F. Kennedy Jr. Bitcoin Nothingburger: The candidate isn’t necessarily biased just because he owns BTC.', 'Good morning. Here’s what’s happening:\nPrices:What\'s going to move bitcoin away from $30,000?\nInsights:A freely convertible Chinese Yuan is a requirement for a CNY stablecoin. That\'s not going to happen anytime soon.\nCoinDesk Market Index (CMI)\n1,245\n+4.0▲0.3%\nBitcoin (BTC)\n$30,608\n+202.5▲0.7%\nEthereum (ETH)\n$1,878\n−0.7▼0.0%\nS&P 500\n4,439.26\n+29.7▲0.7%\nGold\n$1,939\n+13.6▲0.7%\nNikkei 225\n32,203.57\n+13.8▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,245", "+4.0\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,608", "+202.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,878", "\\u22120.7\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,439.26", "+29.7\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,939", "+13.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,203.57", "+13.8\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is Looking at a 2024 Bull Market, But is $120,000 Realistic?\nAs Asia opens for its trading day, bitcoin continues to maintain the $30,000 mark, while ether is flat.Coinglass datashows that in the last 12 hours, slightly more long liquidations than short liquidations occurred with $7 million longs and $6.73 million shorts liquidated.\n“The market is on standby, awaiting signals of price increase following a slowdown or pause in rate hikes in the second half of the year, which would be characterized by liquidity inflow,” Bybit’s Ether Chen, its lead financial engineer, told CoinDesk in a note.\nChen said that Bybit’s team expects a potential market price recovery in the fourth quarter, but a full bull market might not materialize until 2024. This recovery would be contingent upon the cessation of rate hikes, BTC halving and the resolution of regulatory storms.\nTim Frost, CEO of digital wealth platform Yield App points to slowing inflation figures but a market confidence that the Federal Reserve will still hike rates as sort of a mixed messaging, and dismisses arecent report from Standard Charteredthat bitcoin will hit $120,000 by the end of next year.\n“For crypto assets, this all likely means continued range trading around current levels. Bitcoin seems to be holding fairly close to $30,000 at the moment which is a near 100% increase from January when it started the year at $16,540,” he said in a note. “There are few assets that perform this well in a "bear" market, and canny seasoned traders will likely have done well on BTC this year.”\nRegardless of whether or not Standard Chartered’s price prediction is correct, Frost sees a bull market on the horizon for 2024.\n“The long-range consensus remains that crypto will enter its next bull market in 2024 following a period of continued consolidation this year and, behind closed doors, huge innovation is paving the way for the next wave of crypto adoption,” he concludes.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+2.3%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22121.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}]\nHere\'s Why we Won\'t See a CNY Stablecoin\nCircle’s CEO Jeremy Allaire argues that a stablecoin pegged to the Chinese Yuan (CNY)is a better optionthan a Central Bank Digital Currency (CBDC).\nBut a yuan stablecoin isn’t going to happen, just like a Chinese CBDC isn’t going to challenge the dollar.\nWhy? Because the free convertibility of the yuan goes against a core fundamental of Beijing’s monetary policy.\nThe People’s Bank of China (PBoC)maintains strict controlover the exchange rate of the yuan, keeping it within a narrow band and not allowing it to float freely in international markets. This allows China to maintain control over its export prices and its domestic economy. But it also means that the yuan can’t be used offshore, like the Euro or the USD, and there arestrict capital controlson how much you can bring out of the country.\nThe more you want your currency used internationally, the more control you need to be willing to cede.\nAs the IMF’s First Deputy Managing Director Gita Gopinath pointed out in a 2022 address, these aren’t the traits of a global currency. After all, the yuan isonly used in around 3.2% of global paymentsas of January 2022.\n"If a country is aspiring to be a global currency, then in that case, you would need to have, you know, basically fully and freely mobile capital, full capital account liberalization, full convertibility of exchange rate, which is not the case right now in China," Gopinath isquoted as saying.\nCurrency manipulation has been a contentious issue in U.S.-China relations, and, in 2019, the U.S. Department of the Treasurylabeled the country a currency manipulator.\nBut you know who else has been on the radar of Washington as a currency manipulator? Taiwan.\nUnlike China, Taiwan does not actively intervene to keep its currency, the New Taiwan Dollar (TWD), artificially low to boost exports. Instead, Taiwan has beenknown to interveneto prevent rapid appreciation of its currency which could harm its export-driven economy.\nThis has been an issue since 1989, when the U.S. Senate subcommittee on international tradecalled a hearing on currency manipulation.\nDavid Mulford, the then Under Secretary-Designate, Office of International Affairs, Department of the Treasury, noted the large-scale intervention in the foreign exchange market by Taiwan\'s Central Bank, and a lack of significant exchange rate appreciation despite Taiwan running large external surpluses.\nFor its part, Taipei denies that it\'s an active currency manipulator or has capital controls pointing to the openness of foreign investment in its equities market and thefree convertibility of foreign currencyon its shores.\nBut if there’s one thing that unites Taipei and Beijing, its that central bankers in neither capital want to relinquish control of their currencies to the market.\n1 p.m. HKT/SGT(UTC):Bank of England Financial Stability Report\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. Consumer Price Index (June/MoM/YoY)\n7:50 a.m. HKT/SGT(23:50 p.m. UTC/July 11):Japan Producer Price Index\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nJustin Sun on State of Crypto Regulation; EU\'s Metaverse Strategy\nTRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the state of crypto regulation, outlook on Hong Kong, and much more. Bitcoin (BTC) is holding firm above $30,000. GSR Markets co-founder and president Rich Rosenblum gave his crypto markets analysis. And, the European Commission\'s metaverse strategy is slated to be released later today. Metaverse EU editor Patrick Grady shared his expectations.\nBitcoin Quiets Down in July After a Tumultuous First Half of 2023:While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.\nBlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level:An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.\nEther Staking Ratio Nears Key Milestone as Inflows Slow Amid Regulatory Pressures:Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.\nWhy Threads Got 100 Million Users When Other Twitter Rivals Could Not:Network effects and ease-of-use rule the day. And, a lot of people clearly don’t care about decentralization and privacy all that much, says CoinDesk’s Emily Parker.\nThe Big Robert F. Kennedy Jr. Bitcoin Nothingburger:The candidate isn’t necessarily biased just because he owns BTC.', 'Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered\x92s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana\x92s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data. Crypto Bitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according to data from CoinMarketCap. Crypto investor optimism continues after Standard Chartered Bank\x92s Bitcoin projection on Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024. \x93While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,\x94 said Bradley Duke, founder and chief strategy officer of crypto ETP provider ETC Group . \x93The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,\x94 Duke said. \x93With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it\x92s logical that the price of Bitcoin responds in a proportionate manner,\x94 Duke added. Elsewhere, the Chicago Board Options Exchange (Cboe) on Tuesday filed several amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter\x92s share price to surge 9.78% on Tuesday. Other factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fund AltTab Capital .\xa0 He noted that next year will be the Bitcoin \x93halving\x94 event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity. Story continues \x93As scarcity increases and demand grows, assets generally rise in price,\x94 Moritz said. \x93We\x92ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it\x92s because they too see the potential for strong growth,\x94 he added. Meanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week. Most other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%. Solana\x92s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data tracker DefiLlama . \x93SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market-maker Keyrock . Elsewhere, blockchain analytics firm Lookonchain reported on Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to the Arkham (ARKM) token sale , which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event. The total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion. BAYC continues slide The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index fell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast\x92s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano\x92s index rose. Parallel Avatars , an Ethereum-based NFT collection for Web3 sci-fi game Parallel , was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data from CryptoSlam . Station3 Patron , another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500. \x93(The collection ) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Sales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection\x92s floor price has dropped by 24% over the past 30 days, according to NFT analytics platform WGMI.io . Given the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data from CoinGecko . \x93There\x92s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week\x92s recovery was short-lived,\x94 said Petscher in a Wednesday commentary . \x93The end of Blur\x92s season two rewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.\x94 Elsewhere, Japanese gaming giant Sega Corporation on Monday announced a partnership with Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega\x92s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega was reported to be winding down its Web3 gaming businesses. US equities rise ahead of CPI data release Image: Envato Elements U.S. stock futures traded flat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading. Investors are waiting for Wednesday\x92s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country\x92s inflation situation and the Federal Reserve\x92s future monetary policies. Several Fed officials said on Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed\x92s monetary tightening cycle is in sight. Analysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to a Bloomberg report published Monday. The Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. The CME FedWatch Tool predicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged. Meanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season. Elsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China\x92s Shanghai Composite and Japan\x92s Nikkei edged lower, while Hong Kong\x92s Hang Seng and South Korea\x92s Kospi traded higher. The People\x92s Bank of China on Tuesday reported an acceleration in the country\x92s new loans for June. That raised hope that the economy\x92s growth will speed up in the second half of the year. (Updates with equity section.)', 'Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered’s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana’s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data.\nBitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according todatafrom CoinMarketCap.\nCrypto investor optimism continues after Standard Chartered Bank’s Bitcoinprojectionon Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024.\n“While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,” said Bradley Duke, founder and chief strategy officer of crypto ETP providerETC Group.\n“The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,” Duke said.\n“With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it’s logical that the price of Bitcoin responds in a proportionate manner,” Duke added.\nElsewhere, the Chicago Board Options Exchange (Cboe) on Tuesdayfiledseveral amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter’s share price to surge 9.78% on Tuesday.\nOther factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fundAltTab Capital.\xa0 He noted that next year will be the Bitcoin “halving” event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity.\n“As scarcity increases and demand grows, assets generally rise in price,” Moritz said. “We’ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it’s because they too see the potential for strong growth,” he added.\nMeanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%.\nSolana’s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data trackerDefiLlama.\n“SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\nElsewhere, blockchain analytics firm Lookonchainreportedon Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to theArkham (ARKM) token sale, which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event.\nThe total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast’s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano’s index rose.\nParallel Avatars, an Ethereum-based NFT collection for Web3 sci-fi gameParallel, was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data fromCryptoSlam.\nStation3 Patron, another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500.\n“(Thecollection) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nSales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection’s floor price has dropped by 24% over the past 30 days, according to NFT analytics platformWGMI.io.\nGiven the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data fromCoinGecko.\n“There’s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week’s recovery was short-lived,” said Petscher in a Wednesdaycommentary. “The end of Blur’sseason tworewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.”\nElsewhere, Japanese gaming giantSegaCorporation on Monday announced apartnershipwith Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega’s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega wasreportedto be winding down its Web3 gaming businesses.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading.\nInvestors are waiting for Wednesday’s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country’s inflation situation and the Federal Reserve’s future monetary policies.\nSeveral Fed officialssaidon Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed’s monetary tightening cycle is in sight.\nAnalysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to aBloombergreport published Monday.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nMeanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season.\nElsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China’sShanghai Compositeand Japan’sNikkeiedged lower, while Hong Kong’sHang Sengand South Korea’sKospitraded higher.\nThe People’s Bank of China on Tuesdayreportedan acceleration in the country’s new loans for June. That raisedhopethat the economy’s growth will speed up in the second half of the year.\n(Updates with equity section.)', 'Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered’s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana’s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data.\nBitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according todatafrom CoinMarketCap.\nCrypto investor optimism continues after Standard Chartered Bank’s Bitcoinprojectionon Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024.\n“While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,” said Bradley Duke, founder and chief strategy officer of crypto ETP providerETC Group.\n“The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,” Duke said.\n“With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it’s logical that the price of Bitcoin responds in a proportionate manner,” Duke added.\nElsewhere, the Chicago Board Options Exchange (Cboe) on Tuesdayfiledseveral amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter’s share price to surge 9.78% on Tuesday.\nOther factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fundAltTab Capital.\xa0 He noted that next year will be the Bitcoin “halving” event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity.\n“As scarcity increases and demand grows, assets generally rise in price,” Moritz said. “We’ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it’s because they too see the potential for strong growth,” he added.\nMeanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%.\nSolana’s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data trackerDefiLlama.\n“SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\nElsewhere, blockchain analytics firm Lookonchainreportedon Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to theArkham (ARKM) token sale, which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event.\nThe total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast’s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano’s index rose.\nParallel Avatars, an Ethereum-based NFT collection for Web3 sci-fi gameParallel, was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data fromCryptoSlam.\nStation3 Patron, another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500.\n“(Thecollection) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nSales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection’s floor price has dropped by 24% over the past 30 days, according to NFT analytics platformWGMI.io.\nGiven the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data fromCoinGecko.\n“There’s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week’s recovery was short-lived,” said Petscher in a Wednesdaycommentary. “The end of Blur’sseason tworewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.”\nElsewhere, Japanese gaming giantSegaCorporation on Monday announced apartnershipwith Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega’s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega wasreportedto be winding down its Web3 gaming businesses.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading.\nInvestors are waiting for Wednesday’s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country’s inflation situation and the Federal Reserve’s future monetary policies.\nSeveral Fed officialssaidon Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed’s monetary tightening cycle is in sight.\nAnalysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to aBloombergreport published Monday.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nMeanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season.\nElsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China’sShanghai Compositeand Japan’sNikkeiedged lower, while Hong Kong’sHang Sengand South Korea’sKospitraded higher.\nThe People’s Bank of China on Tuesdayreportedan acceleration in the country’s new loans for June. That raisedhopethat the economy’s growth will speed up in the second half of the year.\n(Updates with equity section.)', 'The next-gen MPC-based decentralized trading platform UXUY is dedicated to breaking down ecosystem barriers through trading, supporting emerging assets equally, and following every round of innovation... SINGAPORE / ACCESSWIRE / July 11, 2023 / Decentralized trading platform UXUY has expressed concerns over the fragmented nature of the current blockchain industry and the difficulties in cross-chain transactions. UXUY believes that every ecosystem should be harmonious and interactive, and the technologies of each community should be open sourced and shared. UXUY firmly believes that emerging assets should be treated with equity. In a decentralized world, there should be no discrimination, and every round of innovation deserves respect. On July 10th, UXUY published the "UXUY Crypto Equity Manifesto" on their official blog and Nostr , advocating equity within the crypto ecosystem. UXUY Crypto Equity Mainfesto UXUY Crypto Equity Manifesto As competition intensifies in the cryptocurrency industry, leading crypto ecosystems continue to fortify their walls with specialized wallets, plugins, stablecoins, gas fees, and decentralized exchanges (DEXs) . However, at UXUY we believe that an ecosystem should not just be an isolated island. Only by promoting cross-chain transactions extensively can true equity be achieved. To welcome one billion users to Web3 without walls, we need DEXs that are barrier-free. We firmly believe that trading is the only weapon that can break down barriers. Only by setting aside prejudice and using decentralized means can we jointly promote crypto equity. Is following smart money chasing greed? " Yes, it\'s driven by greed - but the mania for cryptocurrency could wind up building something much more important than wealth." - Steven Johnson (Jan. 16, 2018) It is important to note that we entered the world of crypto because of decentralization, cryptography, and crypto equity. We have both the ability and the obligation to solve the monopoly problems created by Twitter and Facebook in the Web 2.0 world. Entry time should not be the criterion for measuring success, and the "Matthew Effect" should not be an excuse to prevent innovation. Every compatriot who enters the crypto world should enjoy the right to innovate and explore. Story continues We should not expect powerful centralized ecosystems to give new assets the power to sprout and grow. Pursuing hot assets is more in line with economic interests, which is understandable. However, standing on different dimensions, the market will eventually iterate. Amazon is more likely to suffer systemic risks, and Giants like Meta cannot become decentralized, nor can it breed any decentralized product. Such stories of centralization will only be repeated one after another. The consensus to promote crypto equity for all will shed light on more emerging assets. How do you know that the new asset hidden in the corner today will not become the next "Bitcoin"? Our promises: UXUY is committed to building a decentralized multi-chain asset trading platform. UXUY will persistently build Bitcoin and Ethereum ecosystems and actively contribute to the Lightning Network. UXUY will actively participate in the creation and development of emerging crypto asset communities and provide fertile ground for the diversity of crypto culture. We can see that more and more people are joining the ranks of promoting crypto equity. Everyone on earth can become a beneficiary. About UXUY UXUY is the next-gen MPC-based decentralized trading platform. Through mnemonic-free and gas-free solutions, UXUY simplifies the onboarding process for users and enables them to conduct cross-chain transactions with a single click. UXUY plans to establish a comprehensive stablecoin liquidity pool, offering users a "stablecoin-centric" trading environment and a user experience similar to centralized exchanges (CEX). UXUY supports mainstream public chains, fully leveraging the "wallet + transaction" concept, and actively participates in the development of the "Unclaimed" ecosystem. Contact Information Jordan Liu UXUY Co-founder [email protected] +0065 88095669 SOURCE: UXUY . View source version on accesswire.com: https://www.accesswire.com/767218/UXUY-Launches-Crypto-Equity-Manifesto-Advocating-for-Cross-Chain-Transactions-and-Support-for-Emerging-Assets', 'The next-gen MPC-based decentralized trading platform UXUY is dedicated to breaking down ecosystem barriers through trading, supporting emerging assets equally, and following every round of innovation...\nSINGAPORE / ACCESSWIRE / July 11, 2023 /Decentralized trading platformUXUYhas expressed concerns over the fragmented nature of the current blockchain industry and the difficulties in cross-chain transactions. UXUY believes that every ecosystem should be harmonious and interactive, and the technologies of each community should be open sourced and shared. UXUY firmly believes that emerging assets should be treated with equity. In a decentralized world, there should be no discrimination, and every round of innovation deserves respect. On July 10th, UXUY published the "UXUY Crypto Equity Manifesto" on their officialblogandNostr, advocating equity within the crypto ecosystem.\nUXUY Crypto Equity Manifesto\nAs competition intensifies in the cryptocurrency industry, leading crypto ecosystems continue to fortify their walls withspecialized wallets, plugins, stablecoins, gas fees, and decentralized exchanges (DEXs). However, at UXUY we believe that an ecosystem should not just be an isolated island. Only by promoting cross-chain transactions extensively can true equity be achieved. To welcome one billion users to Web3 without walls, we need DEXs that are barrier-free.\nWe firmly believe that trading is the only weapon that can break down barriers.Only by setting aside prejudice and using decentralized means can we jointly promote crypto equity.\nIs following smart money chasing greed?\n"Yes, it\'s driven by greed- but the mania for cryptocurrency could wind up building something much more important than wealth." - Steven Johnson(Jan. 16, 2018)\nIt is important to note that we entered the world of crypto because of decentralization, cryptography, and crypto equity. We have both the ability and the obligation to solve the monopoly problems created by Twitter and Facebook in the Web 2.0 world. Entry time should not be the criterion for measuring success, and the "Matthew Effect" should not be an excuse to prevent innovation. Every compatriot who enters the crypto world should enjoy the right to innovate and explore.\nWe should not expect powerful centralized ecosystems to give new assets the power to sprout and grow.Pursuing hot assets is more in line with economic interests, which is understandable. However, standing on different dimensions, the market will eventually iterate. Amazon is more likely to suffer systemic risks, and Giants like Meta cannot become decentralized, nor can it breed any decentralized product. Such stories of centralization will only be repeated one after another. The consensus to promote crypto equity for all will shed light on more emerging assets.\nHow do you know that the new asset hidden in the corner today will not become the next "Bitcoin"?\nOur promises:\n• UXUY is committed to building a decentralized multi-chain asset trading platform.\n• UXUY will persistently build Bitcoin and Ethereum ecosystems and actively contribute to the Lightning Network.\n• UXUY will actively participate in the creation and development of emerging crypto asset communities and provide fertile ground for the diversity of crypto culture.\nWe can see that more and more people are joining the ranks of promoting crypto equity. Everyone on earth can become a beneficiary.\nAbout UXUY\nUXUY is the next-gen MPC-based decentralized trading platform. Through mnemonic-free and gas-free solutions, UXUY simplifies the onboarding process for users and enables them to conduct cross-chain transactions with a single click. UXUY plans to establish a comprehensive stablecoin liquidity pool, offering users a "stablecoin-centric" trading environment and a user experience similar to centralized exchanges (CEX). UXUY supports mainstream public chains, fully leveraging the "wallet + transaction" concept, and actively participates in the development of the "Unclaimed" ecosystem.\nContact Information\nJordan LiuUXUY [email protected]+0065 88095669\nSOURCE:UXUY\nView source version on accesswire.com:https://www.accesswire.com/767218/UXUY-Launches-Crypto-Equity-Manifesto-Advocating-for-Cross-Chain-Transactions-and-Support-for-Emerging-Assets', 'Activision Blizzard stock spike Tuesday after a judge said Microsoft could buy the publisher of popular franchises including "Call of Duty." Sledgehammer Games/Activision US stocks closed higher on Tuesday as investors got ready for an important June CPI reading. The key inflation d Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $593,807,974,450 - Hash Rate: 382989765.58074266 - Transaction Count: 478320.0 - Unique Addresses: 752660.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell 3.47% from June 9 to June 16 to trade at US$25,561 at 3:30 p.m. Friday in Hong Kong. The world’s largest cryptocurrency by market capitalization dipped below US$25,000 for the first time in three months, before recovering. Ether fell 9% over the week to US$1,670. 1xKqh8PIfzGrhNKh7lrDvbof 2Shmuu7x4dkypXowbEO8Ek7JWDWTYPmLBY70u79 5afRV85yTp S2FwAFszxuM6rXJMDcnJe84ptvwxUQ This week, crypto investor appetite remained weighed down by the Securities and Exchange Commission’s (SEC) ongoing lawsuits against Binance and Coinbase. The SEC filed a motion to freeze the assets of Binance.US , which was denied in court on Wednesday. Judge Amy Berman Jackson of the D.C. District Court ordered Binance.US to share its business expenses with the court while the two parties continue negotiations. “The current crackdown can be seen as a pre-emptive strike, dating back to the collapse of FTX in 2022. U.S. crypto companies will automatically adapt their activities to the new rules resulting from the outcome of the lawsuits. As long as there is no immediate threat from other crypto companies, the SEC might be satisfied with this latest show of arms,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto , told Forkast in a LinkedIn response. Mike Brusov, co-founder of crypto intelligence firm Cindicator , said that distrust in fiat currencies had led to a large influx of capital into crypto, which bolstered Bitcoin to US$29,538 in May, and that the SEC’s aggressive lawsuits aimed to stop this trend. “There are a multitude of strange moments involved in this situation,” said Brusov, referencing SEC chair Gary Gensler’s alleged offer to serve as an advisor to Binance. “Also, a large list of coins became declared as ‘unregistered securities’. This extreme accusation suddenly included high-level blockchains whose tokens have specific utility while serving as an integral piece of the project at large,” wrote Brusov. In the SEC’s other lawsuit against San Francisco payments firm Ripple Labs , the Hinman files – documents of internal communication from former SEC official William Hinman – were released this week. A June 2018 email from Hinman stated that the agency did not classify Ether, the native cryptocurrency of the Ethereum blockchain , as a security. This statement could influence the allegations made by the Commission against Ripple. The SEC argues that XRP , the cryptocurrency used in Ripple’s products and services, is a security. Story continues A June 2018 email from Hinman stated that the agency did not classify Ether, the native cryptocurrency of the Ethereum blockchain , as a security. Images: SEC, Envato Elements Rate hikes: Press start to pause The U.S. consumer price index showed that inflation rose at a 4% annual rate in May, below the expected 4.1%, marking the slowest growth in inflation in two years. The Federal Reserve announced a pause on interest rate hikes on Wednesday, leaving its lending rate at 5% to 5.25% after over a year of consecutive rate hikes. Bitcoin sank to US$24,983 on Wednesday after the Fed signaled that two more rate increases should be expected this year. “It’s a clear sign that the U.S. is edging its way to winning the war against inflation. As a result, there was an initial sell-off in the crypto market. This was short-lived as the market quickly rebounded, with investors betting on continued economic growth and corporate profitability despite higher borrowing costs,” Lucas Kiely, the chief investment officer of digital asset platform Yield App , wrote to Forkast . The U.S. Federal Reserve has signaled that two more rate increases should be expected this year. Image: Win McNamee via Getty Images. Adding to investor concerns, the European Central Bank raised interest rates by 25 basis points to 3.5% on Thursday, in an eighth consecutive hike. This brings interest rates in the region to the highest in 22 years. The central bank also indicated that it is mulling higher interest rates this year. The global crypto market capitalization stood at US$1.04 trillion on Friday at 3:30 p.m. in Hong Kong, down 5.45% from US$1.1 trillion a week ago, according to CoinMarketCap data. With a market cap of US$495 billion, Bitcoin represented 47.8% of the market while Ether, valued at US$200 billion, accounted for 19.3%. See related article: US SEC sues major exchanges; Circle gets Singapore license Notable Movers: EOS & APE Layer-1 blockchain protocol EOS Network’s (EOS) token was this week’s biggest loser in the top 100. EOS fell 28.97% to US$0.6355. The token started its downtrend on Saturday, pressured by the SEC’s lawsuits and the overall negative market sentiment. ApeCoin , the official crypto of the Bored Ape Yacht Club ecosystem, was this week’s second biggest loser in the top 100. ApeCoin fell 27.98% to trade at US$2.09, along with most of the notable metaverse tokens. The Sandbox’s (SAND) token also fell 21.53% while Decentraland’s (MANA) token declined 19.56% on the weekly chart. Bored Ape Yacht Club in OpenSea See related article: Why the US is waging war on Binance, Coinbase Next week: Can Bitcoin hold US$24,000? Next week, investors will be looking forward to key speeches from several members of the Federal Open Market Committee (FOMC), including president of the Federal Reserve Bank of Cleveland, Loretta Mester, Atlanta Fed chief Raphael Bostic and St. Louis Fed president James Bullard. Federal Reserve chair Jerome Powell is also set to testify on the Fed’s recent monetary policy actions on Wednesday and Thursday. The Bitcoin Fear & Greed index , which is a multifactorial measure of crypto market sentiment, rose from 41 points on Thursday to 47 points on Friday, signaling that investor sentiment shifted from fearful to neutral. While market participants are cautious that the SEC may go after other exchanges, Kasper Vandeloock, chief executive officer of quantitative trading firm Musca Capital , does not expect any more lawsuits from the SEC without further regulatory clarity in the U.S. Yield App’s Kiely said that Bitcoin price will likely remain range-bound next week unless it falls below US$24,000. “To confirm an upward trend, Bitcoin prices need to close the week above the key level of US$30,500. Bitcoin has been trading below this for several weeks now, with neither bulls nor bears taking control… On the other hand, if prices fail to hold above current levels, it could indicate a continuation of bearish sentiment. Investors should also keep an eye on another key level at US$24,000,” wrote Kiely. See related article: BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dropped in Thursday morning trading in Asia to below US$30,500, as the U.S. government’s potential sale of Bitcoin seized from a Silk Road theft exerted pressure on the token. Along with Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses, with Polygon’s Matic leading the losers. U.S. equity futures rose after data showed that U.S. inflation slowed in June. Nonetheless, analysts ramped up their expectations for another interest rate hike in July.\nBitcoin dropped 0.81% over the last 24 hours to US$30,375 as of 07:20 a.m. in Hong Kong for a weekly loss of 0.35%. Following the release of the U.S. consumer price index (CPI), the world’s biggest cryptocurrency reached a high of US$30,959 on Wednesday night in Asia. However, it soon retreated below US$30,500, according todatafrom CoinMarketCap.\nBitcoin wallets linked to the U.S. Department of Justice (DOJ) moved over 9,800 Bitcoin worth around $300 million to unused addresses in a flurry of transactions on July 12, according to data fromBlockchain.com. The move likely exerted further pressure on the token — as has been the case with other large transfers in thepast.\nIn 2021, the DOJseizedaround 50,000 Bitcoins stolen from the Silk Road darknet marketplace. It is unclear if Wednesday’s transferral between wallets will lead to the U.S. government selling the seized Bitcoin.\nEther dipped 0.43% to US$1,870, losing 2.15% for the week. Like Bitcoin, the token rose Wednesday night, briefly breaching the US$1,900 resistance level. However, it soon retreated back.\nMost other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. The exception was Tron’s TRX token, which gained 0.51% to US$0.0777 and moved up 1.05% for the week.\nAlthough the CPI data on Wednesday pointed to a slow down in the rate of U.S. inflation, it still may not change the course of the Federal Reserve’s monetary tightening policies.\nAccording to Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, the new data conforms to expectations and is still far from the Fed’s target to bring the inflation rate to within 2%. It is therefore not enough to boost sentiment in the crypto market.\n“Core inflation data came through in the US, a piece of news that most traders were eagerly waiting for but, somehow, which didn’t generate any strong reaction,” d’Anethan said.\nOn the crypto side,\xa0 “investors just aren’t confident enough about prices to gear things down or up and would rather wait for a change of pace in macro markets and the Fed’s rate decision or some powerful crypto-focused catalysis — which just hasn’t come yet,” he added.\nPolygon’s Matic led the losers, falling 2.24% to US$0.7248, although it still registered a weekly gain of 8.25%.\nDespite the latest dip, Matic enjoyed a rally of over 15% in the past two weeks. The rise reflects investor optimism in the Polygon network’sPolygon 2.0 upgrade, which the company says will include improved network performance and a transition to “greater community governance of the protocol and treasury.”\nHowever, the token has some major losses to make up. It is still over 50% down from its 2024 peak of US$1.55 on February 18.\nThe total crypto market capitalization fell 0.71% in the past 24 hours to US$1.18 trillion, while trading volume rose 13.59% to US$31.02 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.14% in the past 24 hours to 2,702.73 as of 09:50 a.m. in Hong Kong. Forkast’s Solana and Polygon NFT market indices moved up, while Etheum’s and Cardano’s indices dropped.\nTotal NFT sales volume dropped 6.33% in the past 24 hours to US$23.06 million, according to data fromCryptoSlam. Sales volume on the Ethereum and Polygon platforms dropped, while the Bitcoin, Solana, BNB Chain and Cardano platforms recorded rises. Sales volume on the Cardano\xa0platform more than doubled in the past 24 hours.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume. Sales of the collection rose 38.50% to US$2.13 million, larger than the combined volumes of Ethereum-based CryptoPunks and Bored Ape Yacht Club (BAYC), which ranked second and third on the list respectively.\nPolygon Technology’s NFT project Pluto announced on Wednesday that itintroduced“interoperable NFT minting” on both the Ethereum and Polygon networks.\n“(Pluto is) billed as the flagship profile picture (NFT project) on Polygon,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “(An) interesting dynamic here to watch is that minting can occur on mainnet Ethereum using ETH or USDC, or can be on Polygon using WETH or Matic. We’ll see if this brings in participants.”\nMeanwhile, Google Playannounceda policy change on Wednesday that allows the apps and games on the online store to incorporate “tokenized digital assets” such as NFTs onto their platforms.\n“This opens up a huge new opportunity for creators and projects to build, now with mobile as their backbone,” said Yehudah.\nBinance Labs, the investment arm of the world’s largest crypto exchange Binance,announcedon Thursday that it has committed $15 million to Switzerland-basedXterio. The Web3 game developer, which allows users to earn and trade using NFTs, plans to use the fund to explore artificial intelligence capabilities in its Web3 game development.\nU.S. stock futuresroseas of 11:30 a.m. in Hong Kong. All three major U.S. indexes closed higher in regular Wednesday trading, with the Nasdaq composite leading the rally with a 1.15% increase.\nInvestors received a boost from Wednesday’s U.S.CPI reportby the Labor Department. It showed that the annual inflation rate in June slowed to 3.0%. The data recorded the smallest annual increase since March 2021. The figure was lower than analyst expectations of 3.1%,Reutersreported on Thursday.\nHowever, the lower-than-expected inflation data may not sway the Federal Reserve from making another interest rate hike in July, according to Nigel Green, chief executive officer at independent financial advisorydeVere Group.\n“The central banks’ officials will argue that there is still work to be done to tame inflation and they are unlikely to be dissuaded from their course of action for the time being,” Green said in an emailed comment.\n“While we believe that the Fed will raise rates in July, there is now less justification for further hikes later this year,” Green added, as “investors are increasingly concerned that the Federal Reserve could, with further hikes, overtighten and that would steer the US economy into a major recession.”\nThe Federal Reserve meets on July 26 to discuss its next move on rates. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged at between 5% and 5.25%.\nAnalysts also expect a 12.9% chance for one more 25-basis-point rate hike in September, down from 22.3% on Wednesday. Expectations for further rate hikes in November and December also dropped.\nFollowing the gains on Wall Street, Asia’s main stock indexes traded higher on Thursday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall recorded rises.\nSouth Korea’s central bank kept its interest rate unchanged for a fourth consecutive time on Thursday, as the country’s inflation eased in June, according to aBloombergreport published Thursday.\nMeanwhile in China, experts polled byReutersestimate the country’s exports shrank 9.5% year-on-year in June, an accelerated rate of decline on the previous month.\nHowever, any bearish sentiment was offset by Chinese Premier Li Qiang’s Wednesdaymeetingwith multiple heads of the country’s leading tech giants. That willingness to engage with the industry’s leaders could signal an end to the government’scrackdownon the technology sector.\n(Updates with equity section.)', 'Bitcoin dropped in Thursday morning trading in Asia to below US$30,500, as the U.S. government’s potential sale of Bitcoin seized from a Silk Road theft exerted pressure on the token. Along with Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses, with Polygon’s Matic leading the losers. U.S. equity futures rose after data showed that U.S. inflation slowed in June. Nonetheless, analysts ramped up their expectations for another interest rate hike in July.\nBitcoin dropped 0.81% over the last 24 hours to US$30,375 as of 07:20 a.m. in Hong Kong for a weekly loss of 0.35%. Following the release of the U.S. consumer price index (CPI), the world’s biggest cryptocurrency reached a high of US$30,959 on Wednesday night in Asia. However, it soon retreated below US$30,500, according todatafrom CoinMarketCap.\nBitcoin wallets linked to the U.S. Department of Justice (DOJ) moved over 9,800 Bitcoin worth around $300 million to unused addresses in a flurry of transactions on July 12, according to data fromBlockchain.com. The move likely exerted further pressure on the token — as has been the case with other large transfers in thepast.\nIn 2021, the DOJseizedaround 50,000 Bitcoins stolen from the Silk Road darknet marketplace. It is unclear if Wednesday’s transferral between wallets will lead to the U.S. government selling the seized Bitcoin.\nEther dipped 0.43% to US$1,870, losing 2.15% for the week. Like Bitcoin, the token rose Wednesday night, briefly breaching the US$1,900 resistance level. However, it soon retreated back.\nMost other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. The exception was Tron’s TRX token, which gained 0.51% to US$0.0777 and moved up 1.05% for the week.\nAlthough the CPI data on Wednesday pointed to a slow down in the rate of U.S. inflation, it still may not change the course of the Federal Reserve’s monetary tightening policies.\nAccording to Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, the new data conforms to expectations and is still far from the Fed’s target to bring the inflation rate to within 2%. It is therefore not enough to boost sentiment in the crypto market.\n“Core inflation data came through in the US, a piece of news that most traders were eagerly waiting for but, somehow, which didn’t generate any strong reaction,” d’Anethan said.\nOn the crypto side,\xa0 “investors just aren’t confident enough about prices to gear things down or up and would rather wait for a change of pace in macro markets and the Fed’s rate decision or some powerful crypto-focused catalysis — which just hasn’t come yet,” he added.\nPolygon’s Matic led the losers, falling 2.24% to US$0.7248, although it still registered a weekly gain of 8.25%.\nDespite the latest dip, Matic enjoyed a rally of over 15% in the past two weeks. The rise reflects investor optimism in the Polygon network’sPolygon 2.0 upgrade, which the company says will include improved network performance and a transition to “greater community governance of the protocol and treasury.”\nHowever, the token has some major losses to make up. It is still over 50% down from its 2024 peak of US$1.55 on February 18.\nThe total crypto market capitalization fell 0.71% in the past 24 hours to US$1.18 trillion, while trading volume rose 13.59% to US$31.02 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.14% in the past 24 hours to 2,702.73 as of 09:50 a.m. in Hong Kong. Forkast’s Solana and Polygon NFT market indices moved up, while Etheum’s and Cardano’s indices dropped.\nTotal NFT sales volume dropped 6.33% in the past 24 hours to US$23.06 million, according to data fromCryptoSlam. Sales volume on the Ethereum and Polygon platforms dropped, while the Bitcoin, Solana, BNB Chain and Cardano platforms recorded rises. Sales volume on the Cardano\xa0platform more than doubled in the past 24 hours.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume. Sales of the collection rose 38.50% to US$2.13 million, larger than the combined volumes of Ethereum-based CryptoPunks and Bored Ape Yacht Club (BAYC), which ranked second and third on the list respectively.\nPolygon Technology’s NFT project Pluto announced on Wednesday that itintroduced“interoperable NFT minting” on both the Ethereum and Polygon networks.\n“(Pluto is) billed as the flagship profile picture (NFT project) on Polygon,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “(An) interesting dynamic here to watch is that minting can occur on mainnet Ethereum using ETH or USDC, or can be on Polygon using WETH or Matic. We’ll see if this brings in participants.”\nMeanwhile, Google Playannounceda policy change on Wednesday that allows the apps and games on the online store to incorporate “tokenized digital assets” such as NFTs onto their platforms.\n“This opens up a huge new opportunity for creators and projects to build, now with mobile as their backbone,” said Yehudah.\nBinance Labs, the investment arm of the world’s largest crypto exchange Binance,announcedon Thursday that it has committed $15 million to Switzerland-basedXterio. The Web3 game developer, which allows users to earn and trade using NFTs, plans to use the fund to explore artificial intelligence capabilities in its Web3 game development.\nU.S. stock futuresroseas of 11:30 a.m. in Hong Kong. All three major U.S. indexes closed higher in regular Wednesday trading, with the Nasdaq composite leading the rally with a 1.15% increase.\nInvestors received a boost from Wednesday’s U.S.CPI reportby the Labor Department. It showed that the annual inflation rate in June slowed to 3.0%. The data recorded the smallest annual increase since March 2021. The figure was lower than analyst expectations of 3.1%,Reutersreported on Thursday.\nHowever, the lower-than-expected inflation data may not sway the Federal Reserve from making another interest rate hike in July, according to Nigel Green, chief executive officer at independent financial advisorydeVere Group.\n“The central banks’ officials will argue that there is still work to be done to tame inflation and they are unlikely to be dissuaded from their course of action for the time being,” Green said in an emailed comment.\n“While we believe that the Fed will raise rates in July, there is now less justification for further hikes later this year,” Green added, as “investors are increasingly concerned that the Federal Reserve could, with further hikes, overtighten and that would steer the US economy into a major recession.”\nThe Federal Reserve meets on July 26 to discuss its next move on rates. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged at between 5% and 5.25%.\nAnalysts also expect a 12.9% chance for one more 25-basis-point rate hike in September, down from 22.3% on Wednesday. Expectations for further rate hikes in November and December also dropped.\nFollowing the gains on Wall Street, Asia’s main stock indexes traded higher on Thursday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall recorded rises.\nSouth Korea’s central bank kept its interest rate unchanged for a fourth consecutive time on Thursday, as the country’s inflation eased in June, according to aBloombergreport published Thursday.\nMeanwhile in China, experts polled byReutersestimate the country’s exports shrank 9.5% year-on-year in June, an accelerated rate of decline on the previous month.\nHowever, any bearish sentiment was offset by Chinese Premier Li Qiang’s Wednesdaymeetingwith multiple heads of the country’s leading tech giants. That willingness to engage with the industry’s leaders could signal an end to the government’scrackdownon the technology sector.\n(Updates with equity section.)', 'Good morning. Here’s what’s happening:\nPrices:After a morning surge, bitcoin spent the day in its most recent range well above $30K.\nInsights:Commodity or security? Former CFTC Chair Timoth Massad says the determination can wait.\nCoinDesk Market Index (CMI)\n1,237\n−8.2▼0.7%\nBitcoin (BTC)\n$30,357\n−253.7▼0.8%\nEthereum (ETH)\n$1,872\n−11.0▼0.6%\nS&P 500\n4,472.16\n+32.9▲0.7%\nGold\n$1,964\n+8.0▲0.4%\nNikkei 225\n31,943.93\n−259.6▼0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "\\u22128.2\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,357", "\\u2212253.7\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,872", "\\u221211.0\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,472.16", "+32.9\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,964", "+8.0\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,943.93", "\\u2212259.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Ignores Inflation Data\nBitcoin seemed headed for brighter days in the immediate aftermath of a mildly surprising decline in the June Consumer Price Index (CPI) Wednesday, before retreating into the shadows it\'s occupied for the better part of a month well below $31,000.\nThe largest cryptocurrency by market capitalization was recently trading at $30,357, down 0.8% over the past 24 hours. BTC surged in the hour immediately following the CPI release, a 3% increase that was lower than expected and down from 4% the previous month, as investors quickly lost their enthusiasm.On-chain data this morningthat showed two wallets – labeled as belonging to the U.S. government and linked to seized bitcoin holdings from the Silk Road marketplace – moving 9,825 bitcoin ($301 million) in three transactionsmay have outweighedthe positive inflation report.\nWith a few blips, bitcoin has been range-bound between $30,000 and $31,000 for much of the time since June 20 as investors fretted over a renewal of hawkish interest rate hikes that could cast the economy into a steep recession. Federal Reserve officials have said repeatedly that they intend on raising interest rates 25 basis points (bps) later this month after pausing a year-long diet of monetary hawkishness in June.\nThose worries and often confounding macroeconomic data have trumped euphoria that bubbled up earlier in June after BlackRock, the world\'s largest asset manager, and other financial services giants applied for elusive spot bitcoin ETFs. The SEC, which has rejected multiple such applications over the past two years, is unlikely to come to a decision any time soon, leaving markets unclear about the next price catalyst. Still, sentiment has turned bullish with two respected research groups over the past week that BTC could soar to $120,000 or higher by the end of 2024 and other signals, including the CoinDesk bitcoin market indicator pointing upward.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted that over the past two years, the supply of BTC that remains unmoved for more than a year has reached an all-time high of nearly 70%. "This data suggests that the dominant bitcoin investor right now is the long-term ‘hodler,’ Savic wrote. "This cohort is less likely to be sensitive to macro considerations."\nRead More:Bitcoin HODLing Has Never Been More Popular\nEther also rose after the CPI release, before dropping and was recently changing hands at $1,870, down 0.6% from Tuesday, same time. Other major cryptos were largely in the red with MATIC and AVAX, the tokens of smart contracts platform Polygon and Avalanche, down more than 4% and 2%, respectively. TheCrypto Market Index, a measure of crypto markets\' performance, was off 1.9%.\nEquity markets liked the sound of falling inflation better than cryptos with the tech-heavy Nasdaq Composite falling 1.1% and the S&P 500 and Dow Jones Industrial Average (DJIA) also declining. Traditional safe haven gold ticked upward slightly.\nFRNT\'s Savic noted stocks\' and cryptos veering path, a trend that took flight months ago. "We’ve seen a decline in correlations between bitcoin and traditional assets heading into this CPI release, and that has been a strong theme in 2023," he wrote.\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.4%", "DACS Sector": "Computing"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22123.1%", "DACS Sector": "Smart Contract Platform"}]\nTim Massad\'s Incremental Approach to Crypto Regulation\nRegulatory agencies don’t have to immediately settle whether crypto is a security or a commodity, former Commodity Futures Trading Commission Chair Timothy Massad told CoinDesk TV’s “First Mover” program on Wednesday.\nEchoing aWall Street Journalop-ed that he and former Securities and Exchange Commissioner (SEC) Jay Clayton co-authored last week, Massad said that the CFTC and SEC could create basic investor and market protection standards for exchanges through a self-regulatory organization as an incremental step before determining digital assets’ status.\n“We\'re very deliberately saying, we don\'t have to resolve that in order to put in place some basic investor protection standards,” Massad said. “We\'re not saying that\'s not an important issue. It is and I don\'t want to limit the SE C\'s ability to say, this (crypto) is a security (and) you really have to comply. But what we\'re saying is, look, we have platforms today that are trading things – maybe they\'re securities, maybe they\'re commodities. Put in place standards on protecting customer assets, preventing fraud and manipulation, prohibiting conflicts of interest requiring reporting and recording of information.”\nMassad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiplelegal actionsagainst exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges had violated securities laws by, among other things, offering unregistered securities.\nRead More:SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations\nSome observers believe that U.S. overreach could shift the balance of the crypto world to cities overseas with friendlier regulatory environments, including Hong Kong, which recently made it easier for retail investors to trade, Singapore andAbu Dhabi, which is intenton becoming a global digital asset hub.\nRead More:Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nMassad said that the piecemeal approach would offer at least some certainty while the various cases wind their way through the courts, and agencies continue to debate over the nature of crypto. “Cases brought by the SEC and the CFTC aren\'t going to bring us to sort of comprehensive investor protection standards quickly,” he noted.\nMassad said that Congress could apply the incremental standards to any platform trading bitcoin or ether, which account for more than two-thirds of the crypto market’s total value, as a sort of test. “There\'s no platform out there that\'s significant, that\'s not trading both of those tokens,” he said. “So that\'s the hook. That\'s the way to say, ‘here are the intermediaries that these standards apply to without having to resolve what\'s a security and what\'s not a security.”\nHe added: “We\'re going to say ‘look, that can still be litigated and let\'s require these platforms to provide some basic disclosure on a token before it\'s listed for trading.’ And that actually will help us determine what\'s a security. You can\'t really answer what\'s a security unless you know is there a common enterprise behind this, are there managerial efforts that people are looking toward to increase its value? We need disclosure to figure that out?”\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Producer Price Index (June/MoM/YoY)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Initial Jobless Claims (July 7)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch\nThe U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shared his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discussed crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighed in on the future of Web3 gaming.\nSilk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data:The U.S. government previously sold 9,861 bitcoin for $216 million in March.\nGoogle Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games:The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules.\nElon Musk\'s New ChatGPT Competitor Boosts AI-Related Crypto Tokens:Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.\nCircle Cuts Workforce, Ends Certain \'Non-Core\' Activities; Will Continue Hiring Globally:While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.\nEven as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K:Wednesday\'s CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might\'ve thought would drive BTC\'s price higher.', 'Good morning. Here’s what’s happening:\nPrices:After a morning surge, bitcoin spent the day in its most recent range well above $30K.\nInsights:Commodity or security? Former CFTC Chair Timoth Massad says the determination can wait.\nCoinDesk Market Index (CMI)\n1,237\n−8.2▼0.7%\nBitcoin (BTC)\n$30,357\n−253.7▼0.8%\nEthereum (ETH)\n$1,872\n−11.0▼0.6%\nS&P 500\n4,472.16\n+32.9▲0.7%\nGold\n$1,964\n+8.0▲0.4%\nNikkei 225\n31,943.93\n−259.6▼0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "\\u22128.2\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,357", "\\u2212253.7\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,872", "\\u221211.0\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,472.16", "+32.9\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,964", "+8.0\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,943.93", "\\u2212259.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Ignores Inflation Data\nBitcoin seemed headed for brighter days in the immediate aftermath of a mildly surprising decline in the June Consumer Price Index (CPI) Wednesday, before retreating into the shadows it\'s occupied for the better part of a month well below $31,000.\nThe largest cryptocurrency by market capitalization was recently trading at $30,357, down 0.8% over the past 24 hours. BTC surged in the hour immediately following the CPI release, a 3% increase that was lower than expected and down from 4% the previous month, as investors quickly lost their enthusiasm.On-chain data this morningthat showed two wallets – labeled as belonging to the U.S. government and linked to seized bitcoin holdings from the Silk Road marketplace – moving 9,825 bitcoin ($301 million) in three transactionsmay have outweighedthe positive inflation report.\nWith a few blips, bitcoin has been range-bound between $30,000 and $31,000 for much of the time since June 20 as investors fretted over a renewal of hawkish interest rate hikes that could cast the economy into a steep recession. Federal Reserve officials have said repeatedly that they intend on raising interest rates 25 basis points (bps) later this month after pausing a year-long diet of monetary hawkishness in June.\nThose worries and often confounding macroeconomic data have trumped euphoria that bubbled up earlier in June after BlackRock, the world\'s largest asset manager, and other financial services giants applied for elusive spot bitcoin ETFs. The SEC, which has rejected multiple such applications over the past two years, is unlikely to come to a decision any time soon, leaving markets unclear about the next price catalyst. Still, sentiment has turned bullish with two respected research groups over the past week that BTC could soar to $120,000 or higher by the end of 2024 and other signals, including the CoinDesk bitcoin market indicator pointing upward.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted that over the past two years, the supply of BTC that remains unmoved for more than a year has reached an all-time high of nearly 70%. "This data suggests that the dominant bitcoin investor right now is the long-term ‘hodler,’ Savic wrote. "This cohort is less likely to be sensitive to macro considerations."\nRead More:Bitcoin HODLing Has Never Been More Popular\nEther also rose after the CPI release, before dropping and was recently changing hands at $1,870, down 0.6% from Tuesday, same time. Other major cryptos were largely in the red with MATIC and AVAX, the tokens of smart contracts platform Polygon and Avalanche, down more than 4% and 2%, respectively. TheCrypto Market Index, a measure of crypto markets\' performance, was off 1.9%.\nEquity markets liked the sound of falling inflation better than cryptos with the tech-heavy Nasdaq Composite falling 1.1% and the S&P 500 and Dow Jones Industrial Average (DJIA) also declining. Traditional safe haven gold ticked upward slightly.\nFRNT\'s Savic noted stocks\' and cryptos veering path, a trend that took flight months ago. "We’ve seen a decline in correlations between bitcoin and traditional assets heading into this CPI release, and that has been a strong theme in 2023," he wrote.\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.4%", "DACS Sector": "Computing"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22123.1%", "DACS Sector": "Smart Contract Platform"}]\nTim Massad\'s Incremental Approach to Crypto Regulation\nRegulatory agencies don’t have to immediately settle whether crypto is a security or a commodity, former Commodity Futures Trading Commission Chair Timothy Massad told CoinDesk TV’s “First Mover” program on Wednesday.\nEchoing aWall Street Journalop-ed that he and former Securities and Exchange Commissioner (SEC) Jay Clayton co-authored last week, Massad said that the CFTC and SEC could create basic investor and market protection standards for exchanges through a self-regulatory organization as an incremental step before determining digital assets’ status.\n“We\'re very deliberately saying, we don\'t have to resolve that in order to put in place some basic investor protection standards,” Massad said. “We\'re not saying that\'s not an important issue. It is and I don\'t want to limit the SE C\'s ability to say, this (crypto) is a security (and) you really have to comply. But what we\'re saying is, look, we have platforms today that are trading things – maybe they\'re securities, maybe they\'re commodities. Put in place standards on protecting customer assets, preventing fraud and manipulation, prohibiting conflicts of interest requiring reporting and recording of information.”\nMassad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiplelegal actionsagainst exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges had violated securities laws by, among other things, offering unregistered securities.\nRead More:SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations\nSome observers believe that U.S. overreach could shift the balance of the crypto world to cities overseas with friendlier regulatory environments, including Hong Kong, which recently made it easier for retail investors to trade, Singapore andAbu Dhabi, which is intenton becoming a global digital asset hub.\nRead More:Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nMassad said that the piecemeal approach would offer at least some certainty while the various cases wind their way through the courts, and agencies continue to debate over the nature of crypto. “Cases brought by the SEC and the CFTC aren\'t going to bring us to sort of comprehensive investor protection standards quickly,” he noted.\nMassad said that Congress could apply the incremental standards to any platform trading bitcoin or ether, which account for more than two-thirds of the crypto market’s total value, as a sort of test. “There\'s no platform out there that\'s significant, that\'s not trading both of those tokens,” he said. “So that\'s the hook. That\'s the way to say, ‘here are the intermediaries that these standards apply to without having to resolve what\'s a security and what\'s not a security.”\nHe added: “We\'re going to say ‘look, that can still be litigated and let\'s require these platforms to provide some basic disclosure on a token before it\'s listed for trading.’ And that actually will help us determine what\'s a security. You can\'t really answer what\'s a security unless you know is there a common enterprise behind this, are there managerial efforts that people are looking toward to increase its value? We need disclosure to figure that out?”\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Producer Price Index (June/MoM/YoY)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Initial Jobless Claims (July 7)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch\nThe U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shared his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discussed crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighed in on the future of Web3 gaming.\nSilk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data:The U.S. government previously sold 9,861 bitcoin for $216 million in March.\nGoogle Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games:The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules.\nElon Musk\'s New ChatGPT Competitor Boosts AI-Related Crypto Tokens:Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.\nCircle Cuts Workforce, Ends Certain \'Non-Core\' Activities; Will Continue Hiring Globally:While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.\nEven as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K:Wednesday\'s CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might\'ve thought would drive BTC\'s price higher.', 'Good morning. Here’s what’s happening: Prices: After a morning surge, bitcoin spent the day in its most recent range well above $30K. Insights: Commodity or security? Former CFTC Chair Timoth Massad says the determination can wait. Prices CoinDesk Market Index (CMI) 1,237 −8.2 ▼ 0.7% Bitcoin (BTC) $30,357 −253.7 ▼ 0.8% Ethereum (ETH) $1,872 −11.0 ▼ 0.6% S&P 500 4,472.16 +32.9 ▲ 0.7% Gold $1,964 +8.0 ▲ 0.4% Nikkei 225 31,943.93 −259.6 ▼ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,237 −8.2 ▼ 0.7% Bitcoin (BTC) $30,357 −253.7 ▼ 0.8% Ethereum (ETH) $1,872 −11.0 ▼ 0.6% S&P 500 4,472.16 +32.9 ▲ 0.7% Gold $1,964 +8.0 ▲ 0.4% Nikkei 225 31,943.93 −259.6 ▼ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Ignores Inflation Data Bitcoin seemed headed for brighter days in the immediate aftermath of a mildly surprising decline in the June Consumer Price Index (CPI) Wednesday, before retreating into the shadows it\'s occupied for the better part of a month well below $31,000. The largest cryptocurrency by market capitalization was recently trading at $30,357, down 0.8% over the past 24 hours. BTC surged in the hour immediately following the CPI release, a 3% increase that was lower than expected and down from 4% the previous month, as investors quickly lost their enthusiasm. On-chain data this morning that showed two wallets – labeled as belonging to the U.S. government and linked to seized bitcoin holdings from the Silk Road marketplace – moving 9,825 bitcoin ($301 million) in three transactions may have outweighed the positive inflation report. With a few blips, bitcoin has been range-bound between $30,000 and $31,000 for much of the time since June 20 as investors fretted over a renewal of hawkish interest rate hikes that could cast the economy into a steep recession. Federal Reserve officials have said repeatedly that they intend on raising interest rates 25 basis points (bps) later this month after pausing a year-long diet of monetary hawkishness in June. Story continues Those worries and often confounding macroeconomic data have trumped euphoria that bubbled up earlier in June after BlackRock, the world\'s largest asset manager, and other financial services giants applied for elusive spot bitcoin ETFs. The SEC, which has rejected multiple such applications over the past two years, is unlikely to come to a decision any time soon, leaving markets unclear about the next price catalyst. Still, sentiment has turned bullish with two respected research groups over the past week that BTC could soar to $120,000 or higher by the end of 2024 and other signals, including the CoinDesk bitcoin market indicator pointing upward. In a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted that over the past two years, the supply of BTC that remains unmoved for more than a year has reached an all-time high of nearly 70%. "This data suggests that the dominant bitcoin investor right now is the long-term ‘hodler,’ Savic wrote. "This cohort is less likely to be sensitive to macro considerations." (FRNT) Read More: Bitcoin HODLing Has Never Been More Popular Ether also rose after the CPI release, before dropping and was recently changing hands at $1,870, down 0.6% from Tuesday, same time. Other major cryptos were largely in the red with MATIC and AVAX, the tokens of smart contracts platform Polygon and Avalanche, down more than 4% and 2%, respectively. The Crypto Market Index , a measure of crypto markets\' performance, was off 1.9%. Equity markets liked the sound of falling inflation better than cryptos with the tech-heavy Nasdaq Composite falling 1.1% and the S&P 500 and Dow Jones Industrial Average (DJIA) also declining. Traditional safe haven gold ticked upward slightly. FRNT\'s Savic noted stocks\' and cryptos veering path, a trend that took flight months ago. "We’ve seen a decline in correlations between bitcoin and traditional assets heading into this CPI release, and that has been a strong theme in 2023," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +0.4% Computing Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −3.9% Smart Contract Platform Gala GALA −3.5% Entertainment Polkadot DOT −3.1% Smart Contract Platform Insights Tim Massad\'s Incremental Approach to Crypto Regulation Regulatory agencies don’t have to immediately settle whether crypto is a security or a commodity, former Commodity Futures Trading Commission Chair Timothy Massad told CoinDesk TV’s “First Mover” program on Wednesday. Echoing a Wall Street Journal op-ed that he and former Securities and Exchange Commissioner (SEC) Jay Clayton co-authored last week, Massad said that the CFTC and SEC could create basic investor and market protection standards for exchanges through a self-regulatory organization as an incremental step before determining digital assets’ status. “We\'re very deliberately saying, we don\'t have to resolve that in order to put in place some basic investor protection standards,” Massad said. “We\'re not saying that\'s not an important issue. It is and I don\'t want to limit the SE C\'s ability to say, this (crypto) is a security (and) you really have to comply. But what we\'re saying is, look, we have platforms today that are trading things – maybe they\'re securities, maybe they\'re commodities. Put in place standards on protecting customer assets, preventing fraud and manipulation, prohibiting conflicts of interest requiring reporting and recording of information.” Massad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiple legal actions against exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges had violated securities laws by, among other things, offering unregistered securities. Read More: SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations Some observers believe that U.S. overreach could shift the balance of the crypto world to cities overseas with friendlier regulatory environments, including Hong Kong, which recently made it easier for retail investors to trade, Singapore and Abu Dhabi, which is intent on becoming a global digital asset hub. Read More: Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset Massad said that the piecemeal approach would offer at least some certainty while the various cases wind their way through the courts, and agencies continue to debate over the nature of crypto. “Cases brought by the SEC and the CFTC aren\'t going to bring us to sort of comprehensive investor protection standards quickly,” he noted. Massad said that Congress could apply the incremental standards to any platform trading bitcoin or ether, which account for more than two-thirds of the crypto market’s total value, as a sort of test. “There\'s no platform out there that\'s significant, that\'s not trading both of those tokens,” he said. “So that\'s the hook. That\'s the way to say, ‘here are the intermediaries that these standards apply to without having to resolve what\'s a security and what\'s not a security.” He added: “We\'re going to say ‘look, that can still be litigated and let\'s require these platforms to provide some basic disclosure on a token before it\'s listed for trading.’ And that actually will help us determine what\'s a security. You can\'t really answer what\'s a security unless you know is there a common enterprise behind this, are there managerial efforts that people are looking toward to increase its value? We need disclosure to figure that out?” Important events. 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Producer Price Index (June/MoM/YoY) 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Initial Jobless Claims (July 7) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shared his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discussed crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighed in on the future of Web3 gaming. Headlines Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data: The U.S. government previously sold 9,861 bitcoin for $216 million in March. Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games: The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules. Elon Musk\'s New ChatGPT Competitor Boosts AI-Related Crypto Tokens: Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT. Circle Cuts Workforce, Ends Certain \'Non-Core\' Activities; Will Continue Hiring Globally: While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas. Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K: Wednesday\'s CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might\'ve thought would drive BTC\'s price higher.', '• US stocks climbed higher on Wednesday as traders took in good June inflation data.\n• Consumer prices rose just 3% year over year, the lowest rate in two years.\n• Traders are hoping cooler inflation will soon bring an end to Fed rate hikes, which have weighed on stocks.\nStocks climbed on Wednesday as traders hoped that cooling inflation will put an end to the Federal Reserve\'s rate hikes soon.\nThe June consumer price index was up 3% year over year, coming in better than Wall Street forecasts and marking the lowest rate in two years.\nInvestors are still widely expecting the Fed to hike rates 25 basis points at its July policy meeting, which would lift the fed funds rate target to 5.25%-5.5%. Another rate hike remains on the table, but bets that the Fed willpause in Septemberrose to 82% from 72% on Tuesday.\n"While today\'s CPI data brought good news on the inflation front, we expect the FOMC to look through the fluctuations in the volatile categories, and to maintain its view that it needs to hike rates further to eventually bring inflation back to its 2% target," Barclays strategists said in a note on Wednesday, adding that the Fed would likely hike in July and again in September.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Wednesday:\n• S&P 500:4,472.16, up 0.74%\n• Dow Jones Industrial Average:34,347.43, up 0.25% (86.01 points)\n• Nasdaq Composite:13,918.96, up 1.15%\nHere\'s what else has happened today:\n• The lowest inflation reading in two yearsis great news for the stock market, Fundstrat said.\n• Here\'swhere history says the latest bull market is headednext.\n• Consumers will exhaust their pandemic savingsby Christmas, JPMorgan CEO Jamie Dimon warned.\n• If the AI productivity boom disappoints, this is where investors should put their cash, according to Bank of America.\n• Here\'s why renters are a bigger dragon consumer spending than homeowners.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 1.55% to $75.99 per barrel.Brent crude, oil\'s international benchmark, edged up 0.29% to $80.34.\n• Goldclimbed 1.33% to $1,958.15 per ounce.\n• The yield on the 10-year Treasury fell 11 basis points to 3.861%.\n• Bitcoin slipped 0.21% to $30,464, while ether inched 0.56% higher to $1,883.\nRead the original article onBusiness Insider', 'Getty Images / Bryan R. Smith US stocks climbed higher on Wednesday as traders took in good June inflation data. Consumer prices rose just 3% year over year, the lowest rate in two years. Traders are hoping cooler inflation will soon bring an end to Fed rate hikes, which have weighed on stocks. Stocks climbed on Wednesday as traders hoped that cooling inflation will put an end to the Federal Reserve\'s rate hikes soon. The June consumer price index was up 3% year over year, coming in better than Wall Street forecasts and marking the lowest Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $609,125,663,150 - Hash Rate: 321592673.5118464 - Transaction Count: 375859.0 - Unique Addresses: 678891.0 Social & AI Sentiment: - Fear & Greed Index: 0.57 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto companies that were partnered with Prime Trust are clearing the air about the safety of customers’ assets following the custodian’s failure. Some firms—many of which declare proudly that they are ‘Bitcoin only’—are in worse shape than others. “There are still many unknowns, but we intend to fight for our members that have funds locked up with Prime Trust,”tweetedCoinbits, a platform for buying, selling, and automatically saving in Bitcoin on Wednesday. Prime Trust was placed into receivership on Tuesday by the Nevada Financial Institutions Division due to years-long financial issues that were recently brought to light. Between losing old private keys and misappropriating user assets, the State’sfilingindicated that Prime Trust is over $82 million in the hole from fiat liabilities. While the company claimed to have a nearly solvent $68 million in digital assets to cover client’s crypto deposits, analysis byArkham Intelligenceindicates that the vast majority of these funds are held in an illiquid token called ‘AUDIO’. Only $7.5 million are held in Bitcoin. Nevertheless, Coinbits said Prime Trust “still has enough bitcoin to honor our members’ balances,” and plans to move towards a “no-custody solution” in the future. As of writing, most of the app’s service remains offline. Prime Trust Partner Banq Files for Bankruptcy Following BitGo Deal Meanwhile, Swan Bitcoin, another Bitcoin financial services company, is under fire from Bitcoiners after rapidly withdrawing all assets from Prime Trust weeks in advance of the custodian’s fallout. All Swan clients’ assets now rest with Fortress, a crypto custodian that happens to be led by Scott Purcell, the same CEO that led Prime Trust until January 2021. Before moving to Fortress, Purcell was CEO of Prime Trust partner Banq, which recently filed for bankruptcy due to mismanagement under his service,allegedthe company earlier this month. Many suspect that companies like Swan may be subject to clawbacks during Prime Trust’s bankruptcy process, despite withdrawing before its collapse. However, Swan CEO Cory Klippstenclaimsthat wouldn’t be possible due to “a century of trust legal structure precedent.”“If there were somehow going to be clawbacks (illegal, and contra a century of precedent), Swan would just make our users whole,” added Klippsten. FTX Restructuring Team Has Clawed Back $5B in Lost Assets Klippsten denied that Swan knew Prime Trust was insolvent before withdrawing, saying that the firm had been preparing to migrate away from the custodian for 9 months. Much like Swan, Bitcoin lightning wallet Strike narrowly escaped Prime Trust with users’ assets intact. However, rather than choosing a new custodian, the firmdecidedto take asset custody in house, unlocking some new features for users. When asked why Swan didn’t pursue a similar approach to Strike, Klippsten toldDecryptthat he suspects this approach will invite regulatory problems.“I don't think having the ledger/custody on the broker side is the answer because I expect regulations soon forcing the separation of brokerage and custody, which is required for the rest of the financial industry and is the best legal setup for users,” wrote Klippsten via DM.In terms of choices for custodians, the CEO said there are few options for “legally segregated, bankruptcy remote” trust accounts for individual users. “Prime Trust plus Fireblocks dominated for 3-4 years, and now all the fintechs have moved to Fortress plus BitGo,” he said. BitGo originally planned to acquire Prime Trust earlier this month, but laterbacked outof the deal.... - Reddit Posts (Sample): [['u/PRFinklemeister', 'Loan your Bitcoin and live tax free on debt?', 18, '2023-07-13 13:13', 'https://www.reddit.com/r/Bitcoin/comments/14yhyg2/loan_your_bitcoin_and_live_tax_free_on_debt/', 'So many ppl say they will do this but there are problems...\n\n* giving up custody of your coins is a recipe for disaster.\n\n* if btc does not appreciate aggressively this does not work. \n\nHow do people think this will be a good strategy?', 'https://www.reddit.com/r/Bitcoin/comments/14yhyg2/loan_your_bitcoin_and_live_tax_free_on_debt/', '14yhyg2', [['u/Halo22B', 17, '2023-07-13 13:24', 'https://www.reddit.com/r/Bitcoin/comments/14yhyg2/loan_your_bitcoin_and_live_tax_free_on_debt/jrsfviw/', '"good... bad" these are subjective terms. Each person has a unique situation. Taking out a Bitcoin backed loan could be a useful strategy to obtain assets (including income producing ones) for certain Bitcoiners....is it for everyone? Of course not. Is there risk? Obviously yes? Is it worth it? Only the individual can make that choice.', '14yhyg2']]], ['u/Andyham', 'Name 3 coins you have faith in for the next bull market', 28, '2023-07-13 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/', 'In 2020 it was mostly DEFI and layer2 ETH competition got the attention, until meme coins and rug coin got all the headlines, before the entire market inevitabely came to a halt.\n\nWhat do you think will be the trend this time around (whenever the next bull market is in full swing, be that in 1 week or 2 years from now.\n\nAre you bullish on any of the popular coins from last time around? ADA, SOL, DOT? Still clinging to XLM, XTZ, VET? Any newcomers that will take the market with storm?\n\nThrow me your 3 best bets. Could be solid safe coins in top20 that will outperform BTC/ETH, or riskier outside of top 100 coins that will make Bitcoins inevitable 2x/3x from ATH look like a joke.', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/', '14yilsa', [['u/liveaskings', 13, '2023-07-13 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/jrsim23/', "Matic and Loopring for L2's as we will need more and more growth and then Quant.", '14yilsa'], ['u/liveaskings', 12, '2023-07-13 13:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/jrsisgw/', 'BTC, BTC, BTC. The only sure thing.', '14yilsa']]], ['u/Lord-Nagafen', 'Crypto in the new Mission Impossible movie', 18, '2023-07-13 16:54', 'https://www.reddit.com/r/CryptoCurrency/comments/14yn0yh/crypto_in_the_new_mission_impossible_movie/', 'No major spoilers… Mission Impossible has jumped on the AI and crypto bandwagon. Crypto payment is held on a drive and it is referenced throughout the movie. Not as Bitcoin or Ethereum but just generically as crypto. There is also a strange scene where they are “Decrypting Blockchain” with a loading bar which mostly seemed to be for dramatic effect. According to the article linked below “Tom has trained with a crypto bro for weeks to get his terminology absolutely perfect.” \n\nWhat do you guys think about crypto popping up in movies? Seems to be the payment system for “criminals” and not casual usage. Still it helps keep crypto relevant and in the public lexicon. \n\n\nhttps://waterfordwhispersnews.com/2022/01/31/tom-cruise-to-explain-nfts-in-most-daring-mission-impossible-stunt-yet/', 'https://www.reddit.com/r/CryptoCurrency/comments/14yn0yh/crypto_in_the_new_mission_impossible_movie/', '14yn0yh', [['u/Kappatalizable', 13, '2023-07-13 16:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14yn0yh/crypto_in_the_new_mission_impossible_movie/jrt6hzq/', 'What the Mission? Making profits?', '14yn0yh']]], ['u/TarkovRedditor', 'Alt Coin Rally on Security News', 61, '2023-07-13 18:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/', 'All started with the headlines that dropped:\n\n" Ripple Sales of XRP Do Not Constitute Offer of Investment Contracts: Judge "\n\n" Ripple wins verdict that XRP is not a security, and judge also rules that institutional sales of XRP by Ripple were securities" per bloomberg\n\nThe document: [Link](https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.874.0.pdf)\n\nhttps://preview.redd.it/oqakgb6d7rbb1.png?width=927&format=png&auto=webp&s=f9c8f5997ccc7137965e4ddd94937cc4b4c4070f\n\n# XRP rallied over +36% within Minutes\n\nhttps://preview.redd.it/lkqors6v7rbb1.png?width=2508&format=png&auto=webp&s=2a76a7deb506acb9645d0621e931c3b134db854b\n\nThe response & investor confidence is pretty clear taking a lookt at the chart. XRP pretty much blew up within minutes, rallying 36%, tons of traders jumping in almost doubling the amount of open trades globally. The market cap jumped from 25Bn to 32Bn.\n\nBut not just XRP caught a rally on the news\n\nBTC ripped through 31k liquidating millions of USD in shorts\n\nhttps://preview.redd.it/jlqutatt8rbb1.png?width=2560&format=png&auto=webp&s=abf6b8fa4706d16443ff8cee6ae978144257fba3\n\n# ADA jumped over +7%\n\nhttps://preview.redd.it/mhehgeyf8rbb1.png?width=2498&format=png&auto=webp&s=8ed23b625d1f50c2cecfd2c6dd87f32ad9e3b76d\n\n# MATIC over +8%\n\nhttps://preview.redd.it/gqnptz8k8rbb1.png?width=2501&format=png&auto=webp&s=e16cb305aaebc79f27c1a8d2d73880d932dfed74\n\n# SOLANA almost +15%\n\nhttps://preview.redd.it/p1jqauro8rbb1.png?width=2501&format=png&auto=webp&s=7fdfca286bc2cc565c80bc1f51ff58e0fd610fcc\n\n\n\n50 Million USD n shorts got liquidated within minutes\n\nhttps://preview.redd.it/a5whun049rbb1.png?width=786&format=png&auto=webp&s=bf2786d4c16dc4a66c47709f7d269b048b808eed\n\nAn important part of the paper is "The Southern District of New York concluded that Ripple’s Programmatic Sales and Other Distributions of XRP did not constitute the offer and sale of investment contracts. But Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act"\n\n\n\nhttps://preview.redd.it/oes8x3ud9rbb1.png?width=733&format=png&auto=webp&s=52075aa2b6b358c1b7aaff39feb0b333614bdde7\n\n( The document: [Link](https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.874.0.pdf) )\n\nReading through the document it\'s important to mention that this is NOT what the judge ruled, and the case is still going to trial, where that will still be up for debate.\n\nIt\'s important to keep in mind that XRP DID NOT WIN. This is a great step forward it but nothing set yet. I try to make it clear but please do not make any financial decisions without reading through the document or based on people spamming made up headlines on social media.', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/', '14yor7u', [['u/ChemicalGreek', 67, '2023-07-13 18:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtgfwq/', 'This news is very good for alt coins that had been labeled as security by the SEC! They can basically refer to this law suit in theirs…', '14yor7u'], ['u/niwaniwan', 16, '2023-07-13 18:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtghwb/', 'We won, we fucking won lads. Whiskey is on me! We no longer have to wait for 2069 for the lawsuit to end with our grandchildren thinking we got heavy PTSD.', '14yor7u'], ['u/_s79', 16, '2023-07-13 18:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtgl9l/', 'Todays the day the bull run started.', '14yor7u'], ['u/TarkovRedditor', 17, '2023-07-13 18:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtiwmx/', 'It\'s important to remember that although it\'s a step into the right direction for transparency this isn\'t a "alt coins aren\'t a security" news ( yet? ) . XRP will still go to trial and the results are not 100% here ( yet ? )', '14yor7u']]], ['u/LisHere321', 'This is a glorious day for crypto which opens up for a BULLRUN!!!', 29, '2023-07-13 20:27', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/', '"XRP is not a security" this is not just bullish for XRP, this is bullish also bullish for almost all crypto which the SEC was sueing!\n\nThis landmark case will unleash a true crypto bullrun...maybe not immediately, but next year when the halving event is going to happen.\n\nThis bullrun will be very huge!!!\n\nMASSIVE MONEY INFLOW from everywhere:\n\n- big institutions! BlackROCK as biggest asset manager to join crypto\n\n- BlackROCK will buy the BTC from Coinbase (COINbase stock will rise a lot, too)\n\n- media starts to see crypto more positive (or at least less negative), so more new retail will come to crypto\n\n- SEC will be losing (almost) all their other cases, each lost will pump every coin, yes...every coin will pump!\n\nThe next bullrun (whenever it will start) will be so incredibly huge, it\'s just beyond our imagination. Those who invest just even a little into crypto will make massive gains. Don\'t forget to take profits by then.\n\nCongratulations to anyone who stood steadfast during this longest bear market. You will be very wealthy.', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/', '14ysg9z', [['u/StonedRex', 31, '2023-07-13 20:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru2av0/', 'People will FOMO like crazy now.', '14ysg9z'], ['u/Florian995', 28, '2023-07-13 20:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru3av4/', 'This is the sign to not buy for me', '14ysg9z'], ['u/rootpl', 14, '2023-07-13 21:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru78nm/', "World's economies are still in shambles, with inflation, housing markets struggling etc. and while I enjoy this sudden pump we aren't out of the woods yet, macroeconomics isn't looking that great at the moment.", '14ysg9z'], ['u/TightAd8638', 13, '2023-07-13 21:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru7yti/', "FOMO on steroids!!! The arrival of Europe's first bitcoin ETF is like adding fuel to the FOMO fire", '14ysg9z'], ['u/mbdtf95', 12, '2023-07-13 22:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jrui5cc/', "Tbf, majority of top altcoins are still around their all time lows. It's still a great time to accumulate IMO.", '14ysg9z']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin surged on Friday morning in Asia to breach the US$31,000 resistance level, after Ripple Labs achieved apartial victoryin its three-year lawsuit against the U.S. Securities and Exchange Commission (SEC). The regulator\xa0 accused Ripple of offering XRP as an unregistered security. Along with Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies logged considerable gains, with XRP spearheading the rally with a rise of over 70%. U.S. equity futures traded flat in the Asia time zone on Friday as investors await earnings reports from major U.S. banks. Thursday’s U.S. producer price index (PPI) has added to a sense that inflation is slowing in the country.\nBitcoin climbed 3.45% over the last 24 hours to US$31,463 as of 07:50 a.m. in Hong Kong for a weekly gain of 4.93%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,814 early Friday morning, the highest price since June 2022.\nIn asummary judgementon Thursday,\xa0 New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, marking a partial victory for Ripple with the SEC. The regulator firstsuedthe San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020.\nThe verdict came with a critical caveat, however.\xa0 The court ruled that Ripple’s XRP sales to institutional investors did violate securities laws.\nNonetheless, Ripple’s Chief Executive Officer Stuart Alderoty called the judgement “a huge win” in a Fridaytweet.\nAlderoty said that “the only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients.” Those transactions will now be subject to\xa0further court proceedings.\nDespite the overall optimism in the crypto community evidenced by the upswing in the market, there are also a number of industry voices sounding a note of caution.\nIn an emailed comment, CoinShares’ Head of Product Townsend Lansing said that the aspect of the ruling that identifies Ripple’s sales to institutional customers as a violation of\xa0securities law\xa0marks “a considerable victory for the SEC.”\nThe ruling will now set a precedent for legal action against other cryptocurrencies by regulators, he said.\n“It is important to note that institutional investors who purchased directly from Ripple may find themselves subject to class-action litigation as potential underwriters,” Lansing added. “This is an area to watch closely, especially if big-name venture capitalists were involved.”\nBut, while some sense of jeopardy remained for those involved, Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, believes that the ruling had at least “shook investors in the best of ways.”\nElsewhere, Europe’s first Bitcoin exchange-traded fund (ETF) is set for a public listing this month. That follows a 12-month delay from the initially planned date, the Financial Timesreportedon Thursday.\nExperts have identified the listing as another potential catalyst for the crypto market.\n“With the talks of ETFs in the background, the idea that we could see products tracking many cryptocurrencies is not implausible and traders are naturally positioning themselves accordingly,” said Keyrock’s d’Anethan.\nLike Bitcoin, Ether surged 6.99% to US$2,004, moving up 7.69% for the week. The token is trading above US$2,000 for the first time since April.\nBoosted by the ruling on the SEC-Ripple case, all other top 10 non-stablecoin cryptocurrencies rose in the past 24 hours. Cardano’s ADA, Solana’s SOL and Polygon’s MATIC each logged two-digit gains.\nXRP, subject of the SEC’s lawsuit against issuer Ripple, jumped 72.75% to US$0.8142 and added 74.89% for the week. In doing so, it replaced Binance’s BNB as the third largest non-stablecoin cryptocurrency by market cap.\nThe total crypto market capitalization rose 6.19% in the past 24 hours to US$1.26 trillion, while trading volume jumped 95.72% to US$60.3 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.14% in the past 24 hours to 2,699.39 as of 09:55 a.m. in Hong Kong. Forkast’s Solana and Cardano NFT market indices also moved higher, while the Etheum and Polygon indices dropped.\nDespite the overnight rise in cryptocurrency prices associated with the Ripple ruling, total NFT sales volume dipped 1.72% in the past 24 hours to US$24.45 million, according to data fromCryptoSlam.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume, edging up 0.31% to US$2.14 million. In doing so, it recorded over two thirds of the total volume on the Bitcoin network. Ethereum-based collections Bored Ape Yacht Club (BAYC) and the Captainz ranked second and third respectively.\nBAYC #1734, part of the BAYC collection, topped collectible sales in the past 24 hours. It was sold at 600 Ether (US$1.2 million) early Friday. As exciting as this big sale is, BAYC #1734 was previouslysoldat 800 Ether in January 2022.\n“This grail Bored Ape was sold at a huge loss, but the takeaway is that there is still a market for very high-priced NFTs, even in a bear market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nAs the bear market continues, Dapper Labs, the developer of hit NFT collections such asCryptoKittiesandNBA Top Shot,\xa0 announced thelayoffof 51 staff on Thursday — roughly 12% of its workforce.\n“The decision was incredibly difficult” but necessary to “ensure a lean and efficient” company, said Dapper Labs Chief Executive Officer Roham Gharegozlou in a letter to employees. It is the third round of layoffs at the company in the past 12 months. Those layoffs saw its workforce cut by22%in November 2022 and by a further20%in February this year.\nCool Cats Group, the Web3 company behind NFT collection Cool Cats,announceda partnership with game developer nWayPlay,\xa0 a subsidiary of Hong Kong-based software and investment giant Animoca Brands. Together, the two companies will develop a Web3 game set to be released between late 2023 and early 2024.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong.\xa0 All three major U.S. indexes closed higher in regular Thursday trading, with the Nasdaq leading the gains with a 1.58% rise.\nThe U.S.producer price index(PPI) released Thursday recorded a 0.1% year-on-year rise for the month of June, down from 0.9% in May. The June figure is the smallest increase since August 2020.\nThe data is also well below analystexpectationsof a 0.4% annual increase in PPI. Combined with weakconsumer price indexdata released on Wednesday, the data points to a slowdown in U.S. inflation.\n“The better-than-expected inflation figures for June 2023 would suggest that policy is working to ease price pressures as higher interest rates reduce demand. Key payroll figures announced in early July also came in below expectations with the economy generating less jobs than expected in June,” said Keith Wade, chief economist & strategist at asset managementSchroders.\nHowever, given lingering inflation worries, Wade still expects the Federal Reserve to make another interest rate hike in July. The tight labor market and the potential for a reversal in the Fed’s monetary policy could, Wade said, trigger a rally in the bond market that would “loosen financial conditions.”\n“Given the efforts the Fed has made to convince markets they were serious about inflation and not about to pivot, this would seem to be too early,” said Wade.\nFederal Reserve Governor Christopher Waller said in a Thursdayspeechthat the Fed would need to “keep policy restrictive for some time” in order to reduce inflation below its 2% target. He said that he anticipates two more rate hikes by the end of the year.\n“I am more confident that the banking turmoil is not going to result in a significant problem for the economy, and I see no reason why the first of those two hikes should not occur at our meeting later this month,” said Waller.\nMeanwhile, a Wednesdayreportby financial comparison service company Bankrate showed that economists believe there is a 59% chance the U.S. economy will enter a recession inside the next twelve months. The report cited concern about the long-term economic impact of this year’s extended series of rate hikes.\nThe 59% figure is, however, a decrease on the64%chance given in April, and the lowest level in the past 12 months.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nInvestors are now awaiting the release of second-quarter earnings reports from major financial institutions on Friday. The releases will include reports from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and more.\nElsewhere, main stock indexes across Asia traded higher on Friday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall posted rises as of 12:30 p.m. in Hong Kong.\n(Updates with equity section.)', 'Bitcoin surged on Friday morning in Asia to breach the US$31,000 resistance level, after Ripple Labs achieved apartial victoryin its three-year lawsuit against the U.S. Securities and Exchange Commission (SEC). The regulator\xa0 accused Ripple of offering XRP as an unregistered security. Along with Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies logged considerable gains, with XRP spearheading the rally with a rise of over 70%. U.S. equity futures traded flat in the Asia time zone on Friday as investors await earnings reports from major U.S. banks. Thursday’s U.S. producer price index (PPI) has added to a sense that inflation is slowing in the country.\nBitcoin climbed 3.45% over the last 24 hours to US$31,463 as of 07:50 a.m. in Hong Kong for a weekly gain of 4.93%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,814 early Friday morning, the highest price since June 2022.\nIn asummary judgementon Thursday,\xa0 New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, marking a partial victory for Ripple with the SEC. The regulator firstsuedthe San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020.\nThe verdict came with a critical caveat, however.\xa0 The court ruled that Ripple’s XRP sales to institutional investors did violate securities laws.\nNonetheless, Ripple’s Chief Executive Officer Stuart Alderoty called the judgement “a huge win” in a Fridaytweet.\nAlderoty said that “the only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients.” Those transactions will now be subject to\xa0further court proceedings.\nDespite the overall optimism in the crypto community evidenced by the upswing in the market, there are also a number of industry voices sounding a note of caution.\nIn an emailed comment, CoinShares’ Head of Product Townsend Lansing said that the aspect of the ruling that identifies Ripple’s sales to institutional customers as a violation of\xa0securities law\xa0marks “a considerable victory for the SEC.”\nThe ruling will now set a precedent for legal action against other cryptocurrencies by regulators, he said.\n“It is important to note that institutional investors who purchased directly from Ripple may find themselves subject to class-action litigation as potential underwriters,” Lansing added. “This is an area to watch closely, especially if big-name venture capitalists were involved.”\nBut, while some sense of jeopardy remained for those involved, Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, believes that the ruling had at least “shook investors in the best of ways.”\nElsewhere, Europe’s first Bitcoin exchange-traded fund (ETF) is set for a public listing this month. That follows a 12-month delay from the initially planned date, the Financial Timesreportedon Thursday.\nExperts have identified the listing as another potential catalyst for the crypto market.\n“With the talks of ETFs in the background, the idea that we could see products tracking many cryptocurrencies is not implausible and traders are naturally positioning themselves accordingly,” said Keyrock’s d’Anethan.\nLike Bitcoin, Ether surged 6.99% to US$2,004, moving up 7.69% for the week. The token is trading above US$2,000 for the first time since April.\nBoosted by the ruling on the SEC-Ripple case, all other top 10 non-stablecoin cryptocurrencies rose in the past 24 hours. Cardano’s ADA, Solana’s SOL and Polygon’s MATIC each logged two-digit gains.\nXRP, subject of the SEC’s lawsuit against issuer Ripple, jumped 72.75% to US$0.8142 and added 74.89% for the week. In doing so, it replaced Binance’s BNB as the third largest non-stablecoin cryptocurrency by market cap.\nThe total crypto market capitalization rose 6.19% in the past 24 hours to US$1.26 trillion, while trading volume jumped 95.72% to US$60.3 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.14% in the past 24 hours to 2,699.39 as of 09:55 a.m. in Hong Kong. Forkast’s Solana and Cardano NFT market indices also moved higher, while the Etheum and Polygon indices dropped.\nDespite the overnight rise in cryptocurrency prices associated with the Ripple ruling, total NFT sales volume dipped 1.72% in the past 24 hours to US$24.45 million, according to data fromCryptoSlam.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume, edging up 0.31% to US$2.14 million. In doing so, it recorded over two thirds of the total volume on the Bitcoin network. Ethereum-based collections Bored Ape Yacht Club (BAYC) and the Captainz ranked second and third respectively.\nBAYC #1734, part of the BAYC collection, topped collectible sales in the past 24 hours. It was sold at 600 Ether (US$1.2 million) early Friday. As exciting as this big sale is, BAYC #1734 was previouslysoldat 800 Ether in January 2022.\n“This grail Bored Ape was sold at a huge loss, but the takeaway is that there is still a market for very high-priced NFTs, even in a bear market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nAs the bear market continues, Dapper Labs, the developer of hit NFT collections such asCryptoKittiesandNBA Top Shot,\xa0 announced thelayoffof 51 staff on Thursday — roughly 12% of its workforce.\n“The decision was incredibly difficult” but necessary to “ensure a lean and efficient” company, said Dapper Labs Chief Executive Officer Roham Gharegozlou in a letter to employees. It is the third round of layoffs at the company in the past 12 months. Those layoffs saw its workforce cut by22%in November 2022 and by a further20%in February this year.\nCool Cats Group, the Web3 company behind NFT collection Cool Cats,announceda partnership with game developer nWayPlay,\xa0 a subsidiary of Hong Kong-based software and investment giant Animoca Brands. Together, the two companies will develop a Web3 game set to be released between late 2023 and early 2024.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong.\xa0 All three major U.S. indexes closed higher in regular Thursday trading, with the Nasdaq leading the gains with a 1.58% rise.\nThe U.S.producer price index(PPI) released Thursday recorded a 0.1% year-on-year rise for the month of June, down from 0.9% in May. The June figure is the smallest increase since August 2020.\nThe data is also well below analystexpectationsof a 0.4% annual increase in PPI. Combined with weakconsumer price indexdata released on Wednesday, the data points to a slowdown in U.S. inflation.\n“The better-than-expected inflation figures for June 2023 would suggest that policy is working to ease price pressures as higher interest rates reduce demand. Key payroll figures announced in early July also came in below expectations with the economy generating less jobs than expected in June,” said Keith Wade, chief economist & strategist at asset managementSchroders.\nHowever, given lingering inflation worries, Wade still expects the Federal Reserve to make another interest rate hike in July. The tight labor market and the potential for a reversal in the Fed’s monetary policy could, Wade said, trigger a rally in the bond market that would “loosen financial conditions.”\n“Given the efforts the Fed has made to convince markets they were serious about inflation and not about to pivot, this would seem to be too early,” said Wade.\nFederal Reserve Governor Christopher Waller said in a Thursdayspeechthat the Fed would need to “keep policy restrictive for some time” in order to reduce inflation below its 2% target. He said that he anticipates two more rate hikes by the end of the year.\n“I am more confident that the banking turmoil is not going to result in a significant problem for the economy, and I see no reason why the first of those two hikes should not occur at our meeting later this month,” said Waller.\nMeanwhile, a Wednesdayreportby financial comparison service company Bankrate showed that economists believe there is a 59% chance the U.S. economy will enter a recession inside the next twelve months. The report cited concern about the long-term economic impact of this year’s extended series of rate hikes.\nThe 59% figure is, however, a decrease on the64%chance given in April, and the lowest level in the past 12 months.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nInvestors are now awaiting the release of second-quarter earnings reports from major financial institutions on Friday. The releases will include reports from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and more.\nElsewhere, main stock indexes across Asia traded higher on Friday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall posted rises as of 12:30 p.m. in Hong Kong.\n(Updates with equity section.)', 'Bitcoin surged on Friday morning in Asia to breach the US$31,000 resistance level, after Ripple Labs achieved a partial victory in its three-year lawsuit against the U.S. Securities and Exchange Commission (SEC). The regulator\xa0 accused Ripple of offering XRP as an unregistered security. Along with Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies logged considerable gains, with XRP spearheading the rally with a rise of over 70%. U.S. equity futures traded flat in the Asia time zone on Friday as investors await earnings reports from major U.S. banks. Thursday\x92s U.S. producer price index (PPI) has added to a sense that inflation is slowing in the country. XRP ruling provides crypto market boost Bitcoin climbed 3.45% over the last 24 hours to US$31,463 as of 07:50 a.m. in Hong Kong for a weekly gain of 4.93%, according to data from CoinMarketCap. The world\x92s largest cryptocurrency reached a high of US$31,814 early Friday morning, the highest price since June 2022. In a summary judgement on Thursday,\xa0 New York Southern District Court Judge Analisa Torres ruled that Ripple\x92s programmatic sales of the XRP token on public exchanges do not constitute securities, marking a partial victory for Ripple with the SEC. The regulator first sued the San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020. The verdict came with a critical caveat, however.\xa0 The court ruled that Ripple\x92s XRP sales to institutional investors did violate securities laws. Nonetheless, Ripple\x92s Chief Executive Officer Stuart Alderoty called the judgement \x93a huge win\x94 in a Friday tweet . A huge win today \x96 as a matter of law \x96 XRP is not a security. Also a matter of law \x96 sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions \x96 to developers, to charities, to employees are not securities. \x97 Stuart Alderoty (@s_alderoty) July 13, 2023 Alderoty said that \x93the only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients.\x94 Those transactions will now be subject to\xa0further court proceedings. Story continues Despite the overall optimism in the crypto community evidenced by the upswing in the market, there are also a number of industry voices sounding a note of caution. In an emailed comment, CoinShares\x92 Head of Product Townsend Lansing said that the aspect of the ruling that identifies Ripple\x92s sales to institutional customers as a violation of\xa0securities law\xa0marks \x93a considerable victory for the SEC.\x94 The ruling will now set a precedent for legal action against other cryptocurrencies by regulators, he said. \x93It is important to note that institutional investors who purchased directly from Ripple may find themselves subject to class-action litigation as potential underwriters,\x94 Lansing added. \x93This is an area to watch closely, especially if big-name venture capitalists were involved.\x94 But, while some sense of jeopardy remained for those involved, Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock , believes that the ruling had at least \x93shook investors in the best of ways.\x94 Elsewhere, Europe\x92s first Bitcoin exchange-traded fund (ETF) is set for a public listing this month. That follows a 12-month delay from the initially planned date, the Financial Times reported on Thursday. Experts have identified the listing as another potential catalyst for the crypto market. \x93With the talks of ETFs in the background, the idea that we could see products tracking many cryptocurrencies is not implausible and traders are naturally positioning themselves accordingly,\x94 said Keyrock\x92s d\x92Anethan. Like Bitcoin, Ether surged 6.99% to US$2,004, moving up 7.69% for the week. The token is trading above US$2,000 for the first time since April. Boosted by the ruling on the SEC-Ripple case, all other top 10 non-stablecoin cryptocurrencies rose in the past 24 hours. Cardano\x92s ADA, Solana\x92s SOL and Polygon\x92s MATIC each logged two-digit gains. XRP, subject of the SEC\x92s lawsuit against issuer Ripple, jumped 72.75% to US$0.8142 and added 74.89% for the week. In doing so, it replaced Binance\x92s BNB as the third largest non-stablecoin cryptocurrency by market cap. The total crypto market capitalization rose 6.19% in the past 24 hours to US$1.26 trillion, while trading volume jumped 95.72% to US$60.3 billion. Forkast 500 up, Dapper Labs announces layoffs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.14% in the past 24 hours to 2,699.39 as of 09:55 a.m. in Hong Kong. Forkast\x92s Solana and Cardano NFT market indices also moved higher, while the Etheum and Polygon indices dropped. Despite the overnight rise in cryptocurrency prices associated with the Ripple ruling, total NFT sales volume dipped 1.72% in the past 24 hours to US$24.45 million, according to data from CryptoSlam . Among all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume, edging up 0.31% to US$2.14 million. In doing so, it recorded over two thirds of the total volume on the Bitcoin network. Ethereum-based collections Bored Ape Yacht Club (BAYC) and the Captainz ranked second and third respectively. BAYC #1734 , part of the BAYC collection, topped collectible sales in the past 24 hours. It was sold at 600 Ether (US$1.2 million) early Friday. As exciting as this big sale is, BAYC #1734 was previously sold at 800 Ether in January 2022. \x93This grail Bored Ape was sold at a huge loss, but the takeaway is that there is still a market for very high-priced NFTs, even in a bear market,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. As the bear market continues, Dapper Labs, the developer of hit NFT collections such as CryptoKitties and NBA Top Shot ,\xa0 announced the layoff of 51 staff on Thursday \x97 roughly 12% of its workforce. \x93The decision was incredibly difficult\x94 but necessary to \x93ensure a lean and efficient\x94 company, said Dapper Labs Chief Executive Officer Roham Gharegozlou in a letter to employees. It is the third round of layoffs at the company in the past 12 months. Those layoffs saw its workforce cut by 22% in November 2022 and by a further 20% in February this year. Cool Cats Group, the Web3 company behind NFT collection Cool Cats, announced a partnership with game developer nWayPlay,\xa0 a subsidiary of Hong Kong-based software and investment giant Animoca Brands. Together, the two companies will develop a Web3 game set to be released between late 2023 and early 2024. US equities flat amid data releases Image: Envato Elements U.S. stock futures traded flat as of 11:50 a.m. in Hong Kong.\xa0 All three major U.S. indexes closed higher in regular Thursday trading, with the Nasdaq leading the gains with a 1.58% rise. The U.S. producer price index (PPI) released Thursday recorded a 0.1% year-on-year rise for the month of June, down from 0.9% in May. The June figure is the smallest increase since August 2020. The data is also well below analyst expectations of a 0.4% annual increase in PPI. Combined with weak consumer price index data released on Wednesday, the data points to a slowdown in U.S. inflation. \x93The better-than-expected inflation figures for June 2023 would suggest that policy is working to ease price pressures as higher interest rates reduce demand. Key payroll figures announced in early July also came in below expectations with the economy generating less jobs than expected in June,\x94 said Keith Wade, chief economist & strategist at asset management Schroders . However, given lingering inflation worries, Wade still expects the Federal Reserve to make another interest rate hike in July. The tight labor market and the potential for a reversal in the Fed\x92s monetary policy could, Wade said, trigger a rally in the bond market that would \x93loosen financial conditions.\x94 \x93Given the efforts the Fed has made to convince markets they were serious about inflation and not about to pivot, this would seem to be too early,\x94 said Wade. Federal Reserve Governor Christopher Waller said in a Thursday speech that the Fed would need to \x93keep policy restrictive for some time\x94 in order to reduce inflation below its 2% target. He said that he anticipates two more rate hikes by the end of the year. \x93I am more confident that the banking turmoil is not going to result in a significant problem for the economy, and I see no reason why the first of those two hikes should not occur at our meeting later this month,\x94 said Waller. Meanwhile, a Wednesday report by financial comparison service company Bankrate showed that economists believe there is a 59% chance the U.S. economy will enter a recession inside the next twelve months. The report cited concern about the long-term economic impact of this year\x92s extended series of rate hikes. The 59% figure is, however, a decrease on the 64% chance given in April, and the lowest level in the past 12 months. The Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. The CME FedWatch Tool predicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged. Investors are now awaiting the release of second-quarter earnings reports from major financial institutions on Friday. The releases will include reports from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and more. Elsewhere, main stock indexes across Asia traded higher on Friday morning. China\x92s Shanghai Composite , Hong Kong\x92s Hang Seng , Japan\x92s Nikkei and South Korea\x92s Kospi all posted rises as of 12:30 p.m. in Hong Kong. (Updates with equity section.)', "• US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite closing at highs for 2023.\n• Thursday's producer price index further established the disinflation narrative after Wednesday's cooler CPI.\n• Analysts and commentators are eyeing a soft landing of the economy as increasingly likely.\nMore signs of slowing price growth helped US stocks climb on Thursday, sending the Nasdaq Composite and S&P 500 to their highest levels of the year.\nThe disinflation narrative deepened as the Producer Price Index rose 0.1% year-over-year in June, the slowest rate of growth in nearly three years. The reading was better than expected, and added to Wednesday's encouraging Consumer Price Index report that showed inflation cooling to 3% last month.\nThe reports are fueling hopes that the Federal Reserve could soon back away from its campaign of aggressively tightening monetary policy, though mostexpect one more hike at the end of this month.\xa0Cooling inflation and a steady slowing of the labor market have built up confidence amongsome analyststhat a soft landing can still be achieved.\nTech led stocks higher Thursday, with Nvidia jumping nearly 5% and Alphabet up more than 4%. CryptocurrencyXRP rallied 61%after a US judge determined it was not a security.\nHere's where US indexes stood at the 4:00 p.m. ET close on Thursday:\n• S&P 500: 4,510.04, up 0.85%\n• Dow Jones Industrial Average: 34,395.14, up 0.14% (47.71 points)\n• Nasdaq Composite: 14,138.57, up 1.58%\nHere's what else has happened today:\n• Taylor Swift's Eras tour is causing a surge in hotel spendingand impacting the economy, the Fed noted.\n• Flatlining car sales in Russiaand soaring prices point to a spiraling economy.\n• Jamie Dimon warns of something worse than a recession in a new interview. Read thebest quotes.\n• Russia is about to take the lead as the top OPEC+ producer, beating out Saudi Arabia.\n• Don't expect a housing market downturn, even with mortgage rates at 7%, Allianz said.\n• Crumbling inflation means the S&P 500can expect more gains, Fundstrat's Tom Lee said.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 2% to $77.29 per barrel.Brent crude, the international benchmark for oil, gained 2% to trade at $81.71.\n• Goldedged up 0.18% to $1,965.50 per ounce.\n• The yield on the10-year Treasurydropped nine basis points to 3.731%.\n• Bitcoinclimbed 2.4% to $31,279.72.\nRead the original article onBusiness Insider", "Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market. Drew Angerer/Getty Images US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite closing at highs for 2023. Thursday's producer price index further established the disinflation narrative after Wednesday's cooler CPI. Analysts and commentators are eyeing a soft landing of the economy as increasingly likely. More signs of slowing price growth helped US stocks climb on Thursday, sending the Nasdaq Composite and S&P 500 to their highest levels of the year. The disinflation narrative deepened as the Producer Price Index rose 0.1% year-over-year in June, the slowest rate of growth in nearly three years. The reading was better than expected, and added to Wednesday's encouraging Consumer Price Index report that showed inflation cooling to 3% last month. The reports are fueling hopes that the Federal Reserve could soon back away from its campaign of aggressively tightening monetary policy, though most expect one more hike at the end of this month .\xa0Cooling inflation and a steady slowing of the labor market have built up confidence among some analysts that a soft landing can still be achieved. Tech led stocks higher Thursday, with Nvidia jumping nearly 5% and Alphabet up more than 4%. Cryptocurrency XRP rallied 61% after a US judge determined it was not a security. Here's where US indexes stood at the 4:00 p.m. ET close on Thursday: S&P 500 : 4,510.04, up 0.85% Dow Jones Industrial Average : 34,395.14, up 0.14% (47.71 points) Nasdaq Composite : 14,138.57, up 1.58% Here's what else has happened today: Taylor Swift's Eras tour is causing a surge in hotel spending and impacting the economy, the Fed noted. Flatlining car sales in Russia and soaring prices point to a spiraling economy. Jamie Dimon warns of something worse than a recession in a new interview. Read the best quotes . Russia is about to take the lead as the top OPEC+ producer , beating out Saudi Arabia. Don't expect a housing market downturn , even with mortgage rates at 7%, Allianz said. Crumbling inflation means the S&P 500 can expect more gains , Fundstrat's Tom Lee said. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 2% to $77.29 per barrel. Brent crude , the international benchmark for oil, gained 2% to trade at $81.71. Gold edged up 0.18% to $1,965.50 per ounce. The yield on the 10-year Treasury dropped nine basis points to 3.731%. Bitcoin climbed 2.4% to $31,279.72. Read the original article on Business Insider", '* Ripple decision seen setting precedent for crypto regulation * Bitcoin hits 1 year high; altcoins surge * Coinbase stock doubles in a month SINGAPORE, July 14 (Reuters) - Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months. Bitcoin traded at its highest price since June 2022 overnight, touching $31,818 on the Bitstamp exchange. It is up more than 90% for the year so far and nearly 30% in a month. Second-biggest token Ether had its best session since March and Ripple, which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." The Ripple ruling came together with fraud charges against the former boss of bankrupt crypto lender Celsius Network, which are contested, and on the heels of moves into the market by finance firms BlackRock and Fidelity. Investors say it is driving a mood shift. "Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," said Justin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong. The language remains somewhat unclear, he said, but finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent...and so digital assets turned \'risk-on\' in no uncertain way." It unleashed a rally in smaller cryptocurrencies called "altcoins," with tokens such as Solana, Matic and Stellar up between 15% and 50% and shares in exchange Coinbase up 24% to a year high. Traders said liquidity was low on the altcoin moves, but steadily improving in bitcoin and ether. Turnover for Coinbase stock was the highest in 14 months on Thursday, giving weight to a move that has more than doubled the stockprice in a month. Story continues MOMENTUM Crypto assets are now trading near or above levels plumbed when the collapse of the FTX exchange last November plunged the sector in the depths of what has been called the "crypto winter". FTX imploded when it was unable to honour a rush of withdrawals and its failure, exposing customers to losses, added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns. China has all but banned crypto. U.S. investigators raking over FTX have accused founder Sam Bankman-Fried of multibillion-dollar fraud, to which he has pleaded not guilty. Celsius founder Alex Mashinsky also pleaded not guilty to his charges on Thursday and to be sure, plenty of other legal challenges remain pending and market setbacks are expected. Coinbase and bigger rival Binance face lawsuits, which they are contesting, from the SEC and in Binance\'s case from other regulators as well. A top SEC official said last month the industry has "an ethos built around noncomplicance." The entrance of traditional finance businesses into crypto, bringing in large sums has evoked memories of the rally that lifted bitcoin 300% in 2020. The world\'s biggest asset manager, BlackRock, filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity. "We\'d gone through this long period of just consistently negative news to make the space look pretty grimy, and everyone was shaking their heads," said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "For the first time in a while, it\'s been consistently positive news coming though and that means you\'ve got momentum." (Reporting by Tom Westbrook and Vidya Ranganathan in Singapore; Editing by Simon Cameron-Moore)', '\nRipple decision seen setting precedent for crypto regulation\n\nBitcoin hits 1 year high; altcoins surge\n\nCoinbase stock doubles in a month\nSINGAPORE, July 14 (Reuters) - Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months.\nBitcoin traded at its highest price since June 2022 overnight, touching $31,818 on the Bitstamp exchange. It is up more than 90% for the year so far and nearly 30% in a month.\nSecond-biggest token Ether had its best session since March and Ripple, which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%.\n"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better."\nThe Ripple ruling came together with fraud charges against the former boss of bankrupt crypto lender Celsius Network, which are contested, and on the heels of moves into the market by finance firms BlackRock and Fidelity.\nInvestors say it is driving a mood shift.\n"Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," said Justin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong.\nThe language remains somewhat unclear, he said, but finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent...and so digital assets turned \'risk-on\' in no uncertain way."\nIt unleashed a rally in smaller cryptocurrencies called "altcoins," with tokens such as Solana, Matic and Stellar up between 15% and 50% and shares in exchange Coinbase up 24% to a year high.\nTraders said liquidity was low on the altcoin moves, but steadily improving in bitcoin and ether. Turnover for Coinbase stock was the highest in 14 months on Thursday, giving weight to a move that has more than doubled the stockprice in a month.\nMOMENTUM\nCrypto assets are now trading near or above levels plumbed when the collapse of the FTX exchange last November plunged the sector in the depths of what has been called the "crypto winter".\nFTX imploded when it was unable to honour a rush of withdrawals and its failure, exposing customers to losses, added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns.\nChina has all but banned crypto. U.S. investigators raking over FTX have accused founder Sam Bankman-Fried of multibillion-dollar fraud, to which he has pleaded not guilty.\nCelsius founder Alex Mashinsky also pleaded not guilty to his charges on Thursday and to be sure, plenty of other legal challenges remain pending and market setbacks are expected.\nCoinbase and bigger rival Binance face lawsuits, which they are contesting, from the SEC and in Binance\'s case from other regulators as well. A top SEC official said last month the industry has "an ethos built around noncomplicance."\nThe entrance of traditional finance businesses into crypto, bringing in large sums has evoked memories of the rally that lifted bitcoin 300% in 2020.\nThe world\'s biggest asset manager, BlackRock, filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity.\n"We\'d gone through this long period of just consistently negative news to make the space look pretty grimy, and everyone was shaking their heads," said Chris Weston, head of research at brokerage Pepperstone in Melbourne.\n"For the first time in a while, it\'s been consistently positive news coming though and that means you\'ve got momentum." (Reporting by Tom Westbrook and Vidya Ranganathan in Singapore; Editing by Simon Cameron-Moore)', 'By Tom Westbrook, Rae Wee and Hannah Lang\nSINGAPORE/WASHINGTON (Reuters) - Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security.\nA U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges.\nThe case marks the first win for a cryptocurrency company in a lawsuit brought by the U.S. Securities and Exchange Commission. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities.\nStill, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world\'s largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. The lay-offs are ongoing and could result in the exchange losing more than a third of its staff, the report said, citing a person familiar with the matter.\nCoinbase also announced on Friday that it would limit its crypto staking services for retail customers in California, New Jersey, South Carolina and Wisconsin, pending proceedings several states initiated against the exchange last month, claiming that the program violated securities laws.\nBitcoin hit its highest price since June 2022 earlier, touching $31,818, before edging down to trade around $30,091 at 2009 GMT on Friday.\nSecond-biggest token ether had its best session since March on Thursday and XRP, which the U.S. judge ruled could be legally sold on public crypto exchanges, soared 73% on Thursday and held most of these gains on Friday.\n"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better."\nJustin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong, said finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent".\n"Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," he said.\nFollowing the decision, several major cryptocurrency exchanges, including Coinbase and Bitstamp, resumed trading of XRP on their platforms, after having suspended trading of the token in 2021 due to the SEC\'s lawsuit. Binance.US said on Friday it had also enabled XRP trading on its exchange.\nCoinbase, which was sued by the SEC last month for alleged securities laws violations, saw its shares surge nearly 25% on Thursday as investors hoped that the ruling in the Ripple case would bode well for Coinbase.\nSLOW RECOVERY\nCryptocurrencies have staged a gradual recovery so far this year, after prices fell sharply last year and a series of bankruptcies at major crypto firms, including crypto exchange FTX, left investors with heavy losses.\nThe collapse of FTX added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns.\nChina has all but banned crypto. U.S. investigators raking over FTX have accused founder Sam Bankman-Fried of multibillion-dollar fraud, to which he has pleaded not guilty.\nAlex Mashinsky, the founder of bankrupt crypto lender Celsius, was charged with fraud for misleading customers and artificially inflating the value of the company\'s token, according to a U.S. indictment unsealed on Thursday. He pleaded not guilty.\nMeanwhile, Coinbase and bigger rival Binance face lawsuits, which they are contesting, from the SEC and in Binance\'s case from other regulators as well.\nA top SEC official said last month the industry has "an ethos built around non-compliance".\nAt Binance, the lay-offs as reported by the Wall Street Journal are occurring as a string of executives have recently departed the company, including Chief Strategy Officer Patrick Hillmann. Hillmann confirmed on Twitter that he was leaving the exchange, citing personal reasons.\nStill, crypto investors have taken encouragement from the world\'s biggest asset manager, BlackRock, filing to launch a bitcoin exchange traded fund last month. Earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity.\nAs a risk asset, cryptocurrencies could also stand to gain from a weaker dollar.\n"We\'d gone through this long period of just consistently negative news to make the space look pretty grimy," said Chris Weston, head of research at brokerage Pepperstone in Melbourne.\n"For the first time in a while, it\'s been consistently positive news coming though and that means you\'ve got momentum."\n(Additional reporting by Vidya Ranganathan in Singapore; Editing by Simon Cameron-Moore, Alex Richardson and Josie Kao)', 'By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) - Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security. A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. The case marks the first win for a cryptocurrency company in a lawsuit brought by the U.S. Securities and Exchange Commission. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world\'s largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. The lay-offs are ongoing and could result in the exchange losing more than a third of its staff, the report said, citing a person familiar with the matter. Coinbase also announced on Friday that it would limit its crypto staking services for retail customers in California, New Jersey, South Carolina and Wisconsin, pending proceedings several states initiated against the exchange last month, claiming that the program violated securities laws. Bitcoin hit its highest price since June 2022 earlier, touching $31,818, before edging down to trade around $30,091 at 2009 GMT on Friday. Second-biggest token ether had its best session since March on Thursday and XRP, which the U.S. judge ruled could be legally sold on public crypto exchanges, soared 73% on Thursday and held most of these gains on Friday. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." Justin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong, said finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent". Story continues "Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," he said. Following the decision, several major cryptocurrency exchanges, including Coinbase and Bitstamp, resumed trading of XRP on their platforms, after having suspended trading of the token in 2021 due to the SEC\'s lawsuit. Binance.US said on Friday it had also enabled XRP trading on its exchange. Coinbase, which was sued by the SEC last month for alleged securities laws violations, saw its shares surge nearly 25% on Thursday as investors hoped that the ruling in the Ripple case would bode well for Coinbase. SLOW RECOVERY Cryptocurrencies have staged a gradual recovery so far this year, after prices fell sharply last year and a series of bankruptcies at major crypto firms, including crypto exchange FTX, left investors with heavy losses. The collapse of FTX added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns. China has all but banned crypto. U.S. investigato Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $609,125,663,150 - Hash Rate: 321592673.5118464 - Transaction Count: 375859.0 - Unique Addresses: 678891.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Francis X. Suarez, mayor of Miami, has filed to run for U.S. President. Known as the "Bitcoin Mayor," Suarez has previously said he wants Miami to be aglobal crypto hub, personallyinvesting in cryptoin the wake of the passage of the$1.9 trillion stimulus bill, and pushed to receive his government paycheck and 401k benefit plandenominated in Bitcoin. Suarezfiledas a Republican candidate today with the Federal Elections Commission, meaning he will be challenging former President Donald Trump for his party's nomination. Suarez joins a growing list of Republican presidential hopefuls looking to court the Bitcoin vote. Florida Governor and candidate for the GOP nominationRon DeSantisannounced that the state would accept Bitcoin as payment from businesses for state taxes last year, although the announcement did not include individuals. Desantis also signed a billbanningCentral Bank Digital Currency orCBDCin Florida in May. Ron DeSantis Tells Elon Musk Bitcoin Will Die If Joe Biden Is Reelected During a TwitterSpaces conversation with then Twitter CEO Elon Musk, DeSantis said the future of Bitcoin depended on currentU.S. President Joe Bidennot being reelected. “The current regime, clearly, they have it out for Bitcoin,” DeSantis said. “And if it continues for another four years, they’ll probably end up killing it.” Another Republican candidate seeking the Bitcoin vote is entrepreneur Vivek Ramaswamy, who, during the 2023 Bitcoin Conference, said Bitcoin should not be regulated as a security. But Republicans are not the only ones putting Bitcoin on their platform. Candidate for the Democratic Party presidential nomination Robert F. Kennedy, Jr. also appeared at the Bitcoin Conference to show his support for the digital asset, vowing to defend Bitcoin against “invasive surveillance.” "As President," Kennedy said, "I will make sure that your right to hold and use Bitcoin is inviolable, [and] I will defend the right of self-custody." Long-time Bitcoin advocate and former Twitter CEOJack Dorseyrecently came out in support of Kennedy, sharing a video of Kennedy saying that he can beat former President Donald Trump and Governor DeSantis with the comment, "He can and will."... - Reddit Posts (Sample): [['u/iaco56', '70% of my net worth is in crypto, anyone else?', 273, '2023-07-14 15:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14zgsru/70_of_my_net_worth_is_in_crypto_anyone_else/', 'Hey friends, was curious if you think this is a good idea or a bad idea? Would love to hear your thoughts or suggestions or if you do something similar. I’m 27 so I figured I can withstand the risk of the crypto asset class. I’d love to DCA more but my income is strictly commission based so it’s hard to buy more in this tight economy currently. I’m planning on crypto being my ticket in the future aka get rich or die trying lol. \n\nHere’s the breakdown. \n70% in crypto. 52% Btc, 35% Eth, 10% Link, 3% other alts. \n\n15% in liquid cash for mortgage and bills etc.\n\n15% in stocks. IVV, ING, GBTC \n\nGot in November 2017 bullrun n got wrecked. Learned from my lesson to just hodl. I wish I took profits this past bullrun n rebought but I didn’t. Do you guys plan on taking profits n rebuying this next bull run or just hodl n forget about it? I’m so torn between the decision lol. I could’ve done well in past bull run if I just took profits and rebought but I got greedy n held watching those 4x portfolio gains disappear. Basically sitting slightly in green at the moment. What’s a good strategy to implement for next bull run? Any thoughts would be appreciated!', 'https://www.reddit.com/r/CryptoCurrency/comments/14zgsru/70_of_my_net_worth_is_in_crypto_anyone_else/', '14zgsru', [['u/KadienAgia', 15, '2023-07-14 16:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14zgsru/70_of_my_net_worth_is_in_crypto_anyone_else/jrxwg8v/', 'This is an absolute disaster waiting to happen FYI', '14zgsru']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Don’t look now, but the S&P is only 5% below its all-time high.\nSource: StockCharts.com\nHowever, a lot has been made about the uneven gains so far this year.\nAs we’ve pointed out here in theDigest, the Big Tech/AI trade has exploded. And given the heavy weighting of these stocks in the S&P, their gains have hoisted the returns of the broad market. This has masked the underwhelming performance of the average stock in the S&P.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nWell, we’re seeing the gains begin to broaden.\nWithin the S&P, the percentage of stocks now above their 50-day moving average (MA) is 84%. Even if we look at stocks trading above their longer-term 200-day MA, that percentage comes in at 73%. Both percentages are encouraging.\nMeanwhile, there’s positive momentum on the S&P’s Advance/Decline Line. For anyone less familiar, this is a breadth indicator that looks at the difference between the number of stocks rising versus those falling. It heads higher when advances exceed declines.\nAs you can see below, it’s making new all-time highs.\nSource: StockCharts.com\nFinally, there’s the New Highs/New Lows Indicator. As the name suggests, it compares the number of stocks hitting new 52-week highs to those falling to new 52-week lows.\nAs you can see, it appears we’re on the cusp of edging out the high from February.\nSource: StockCharts.com\nBottom line: The bullishness is broadening.\nYes, there’s the inverted yield curve… yes, data suggest the U.S. consumer is running on fumes … yes, elevated interest rates will continue to dry up credit… yes, the risk of a recession still lingers…\nBut here and now, stocks want to go up. So, as we’ve been saying in the Digest, trade it while the trading’s good.\nThanks to everyone who wrote in. We love getting these reader perspectives.\nWhile there were good points made for, and against, a recession, here’s one perspective I found especially interesting. Thanks to Patty B. for sharing these thoughts:\nFirst, I tend to believe the Yield Curve isn’t relevant right now simply because the Fed is manipulating Bond prices and yields in order to scare people.\nMy Blue-Collar intuition tells me the most important factors in the economy right now are inflation, interest rates, and AI. The stickiness of core CPE leads me to think we’ll see elevated rates for longer than expected. In turn, the end of ZIRP combined with AI will probably lead to a lot of Creative Destruction.\nAnd rather than a recession or a Rising Tide, we’ll see a Volatile, Zero-Sum, K-Shaped economy and market. In other word, we’ll have a boom and bust at the same time.\nThose who choose stocks wisely— and watch their stops—will prosper. Those who Buy and Hold a classic diversified portfolio will suffer. Thanks for listening.\nI believe there’s wisdom in Patty’s perspective – especially the idea of a K-shaped economy/market, which echoes our frequently-referenced idea that the market isn’t a big monolith that rises and falls in unison. Rather, it’s made up of thousands of different stocks with wildly different fortunes and fates.\nIt reminds me of what long-time Digest readers will remember as the “Technochasm.”\nTheTechnochasmwas our macro expert Eric Fry’s term to describe the stark — and expanding — wealth gap in the United States that’s, in large part, driven by technology.\nHow much wider will this chasm be with the introduction of Artificial Intelligence (AI)? And not just in the stock market, but as Patty pointed out, for the economy as well?\nTo what extent will AI eliminate certain jobs, funneling those cost savings to the small group of upper-level managers who watch their net worths explode?\nBy extension, if you invest in those companies, how much more will your net worth grow compared to investors who don’t align their portfolios with this AI-advantage?\nEarlier this spring, we highlighted an illustration of this stark Technochasm-divide with the student education company Chegg. Following a downbeat earnings report, Chegg’s CEO admitted that ChatGPT was negatively influencing its business. The stock imploded 48% in a single day and hasn’t recovered since.\nMeanwhile, take Nvidia, the poster child for AI. It has soared this spring based on astonishing demand for its AI-enabling semiconductor chips.\nHere’s a comparison of Chegg versus Nvidia since late-April. Chegg is down 50% while Nvidia is up 76%.\nAnd that cavernous expanse between them?\nThat’s the Technochasm.\nSource: StockCharts.com\nNow, yes, as we pointed out at the beginning of this Digest, we are seeing today’s bullishness widen across an increasing number of stocks. But there’s an enormous difference between investors broadening their market exposure and the sustained outperformance of a company fueled by AI-technology.\nBottom line: The Technochasm is very real and will only widen from here thanks to AI. Make sure you’re on the right side of it. To better understand exactly how to do that,check out Eric’s research video on the Technochasm right here.\nThanks again to Patty for the feedback.\nBitcoin got off to an explosive start in 2023, erupting about 85% by mid-April. This strength paved the way for some monster gains from various altcoins, such as Solana, which tacked on 160% gains by late-February.\nBut then SEC Chair/super-hawk Gary Gensler decided to attack the industry.\nHere’s our crypto expert and the editor ofUltimate Crypto, Luke Lango, with what happened – and more importantly, how the situation is playing out:\nIn late May, a major risk emerged to the boom cycle thesis when the U.S. SEC brought down the regulatory hammer and chased a few key market-makers out of the industry.\nLiquidity got crushed, and cryptos suffered.\nIn our opinion, this risk has been fully resolved, and the boom cycle is back “on.”\nOne of the bullish developments that gives Luke confidence in this assessment is the recent wave of spot Bitcoin ETF filings. One, it shows that institutional interest isn’t flagging despite Gensler’s hawkishness. Two, as Luke points it, this all but ensures a huge increase in crypto liquidity.\nBack to Luke:\nOne – if not multiple – of these ETF filings will be approved. When approved, a Bitcoin ETF will dramatically increase the amount of money flowing into the crypto industry.\nJust consider this fun fact: In its storied history, BlackRock (BLK) has filed for 550 funds.\xa0All but one of them have been approved. That’s a 99.8% success rate.\nWe like those odds.\nInevitably, one of these Bitcoin ETF filings will get approved. And when it starts trading, a ton of money will flow into it and, by extension, the whole crypto industry.\nA judge in the Southern District of New York ruled that the altcoin Ripple (XRP) is “not necessarily a security on its face.”\nThis is a major win for the crypto sector in the face of Gensler’s recent attacks.\nHere’s how Chris Martin, head of research at the crypto shop Amberdata puts it:\nBy judging that XRP is not a security we’re starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on several of their ongoing cases and I expect that this judgment will implicate several other tokens as non-securities.\nThe immediate impact is we saw a price breakout in bitcoin last night as the crypto pushed north through $31,000.\nWhen we look at its chart here in 2023, we saw an ascending triangle pattern, and it appears it’s trying to break out after consolidating all spring.\nSource: StockCharts.com\nGiven that bitcoin’s market performance continues to lead the way for the rest of the sector, if this breakout continues, Luke believes we’ll see broadening bullishness from top-tier altcoins. And this has him looking to add new coins to his portfolio in preparation.\nBottom line: If it’s been a while since you’ve thought about crypto, give it a fresh look as the sector appears poised for a new leg higher. And to join Luke inUltimate Cryptoto learn which altcoins he’s adding to the portfolio,click here.\nHere’s Luke to take us out:\nWe have re-strengthened conviction in our Fourth Crypto Boom Cycle thesis, and as a result, we are\xa0preparing to go on a crypto shopping spree very soon.\nWe have previously discussed the various reasons this looks and feels a lot like the start of a new boom cycle for cryptos, including the depth and length of the previous bear market crash, the price action on the breakout, the price of BTC relative to key on-chain metrics, the halving event in early 2024, and more.\nAll the dots have connected, if you will, in a manner that suggests this is the start of a multi-year bull run in cryptos…\nThe fundamental and technical outlook for the crypto markets has become increasingly bullish.\nIt’s time to buy.\nHave a good evening,\nJeff Remsburg\n• ChatGPT IPO Could Shock the World, Make This Move Before the Announcement\n• Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.\n• The $1 Investment You MUST Take Advantage of Right Now\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe postWeâ\x80\x99re Not Far from All-Time Highsappeared first onInvestorPlace.', "Lucas Jackson/Reuters US stocks were mixed on Friday but closed higher for the week as investors cheered a cooler June inflation report. Second-quarter earnings kicked off on Friday with JPMorgan, Wells Fargo, and BlackRock all beating analyst estimates. Investors are expecting the latest earnings season to represent a trough for corporate profits. US stocks were mixed on Friday but traded solidly higher for the week as investors got their first taste of second-quarter earnings results and cheered an upbeat June inflation report. The S&P 500 rose 2.5% for the week while the tech-heavy Nasdaq 100 jumped more than 3%. The cooler June CPI report recalibrated futures expectations, with investors now pricing in just one more interest rate hike from the Federal Reserve this year. Results from JPMorgan and Wells Fargo beat analyst estimates, while Citigroup posted mixed results that were weighed down by a disappointment in its investment banking division. Results from all the large-cap banks, as well as asset management giant BlackRock , showed no signs that the economy is on the verge of entering a recession, as some economists expect. Investors expect second-quarter earnings results to represent a trough for corporate profits before they begin to rebound. Here's where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,505.51, down 0.1% Dow Jones Industrial Average : 34,509.03, up 0.33% (113.89 points) Nasdaq Composite : 14,113.70, down 0.18% Here's what else is happening today: The Biden administration said it will forgive $39 billion in student debt for more than 800,000 borrowers. SpaceX has hit a valuation of nearly $150 billion amid another round of share sales by insiders at the space exploration company. The US budget deficit ballooned to $2.3 trillion in the 12 months through June – that's a 64% jump from fiscal year 2022. China's weak economy is exporting disinflationary trends to the US, and that could help the US bring inflation down without sparking a recession, according to Ed Yardeni. BlackRock CEO Larry Fink said US debt is 'out of control' - but that an accelerating US economy could ultimately solve the problem. Taylor Swift's impact on the economy has caught the eye of the Federal Reserve, as the singer's packed concerts have helped drive a noticeable increase in local economies. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 2.02% to $75.34 per barrel. Brent crude , oil's international benchmark, dropped 1.95% to $79.77. Gold fell 0.12% to $1,961.50 per ounce. The yield on the 10-year Treasury rose 5 basis points to 3.82%. Bitcoin fell 4.32% to $30,114, while ether dropped 4.44% to $1,915. Read the original article on Business Insider", "• US stocks were mixed on Friday but closed higher for the week as investors cheered a cooler June inflation report.\n• Second-quarter earnings kicked off on Friday with JPMorgan, Wells Fargo, and BlackRock all beating analyst estimates.\n• Investors are expecting the latest earnings season to represent a trough for corporate profits.\nUS stocks were mixed on Friday but traded solidly higher for the week as investors got their first taste of second-quarter earnings results and cheered an upbeat June inflation report.\nTheS&P 500rose 2.5% for the week while the tech-heavyNasdaq 100jumped more than 3%. Thecooler June CPI report recalibrated futures expectations,with investors now pricing in just one more interest rate hike from the Federal Reserve this year.\nResults fromJPMorganandWells Fargobeat analyst estimates, while Citigroup posted mixed results that were weighed down by a disappointment in its investment banking division. Results from all the large-cap banks, as well as asset management giantBlackRock, showed no signs that the economy is on the verge of entering a recession, as some economists expect.\nInvestors expect second-quarter earnings results to represent a trough for corporate profits before they begin to rebound.\nHere's where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,505.51, down 0.1%\n• Dow Jones Industrial Average:34,509.03, up 0.33% (113.89 points)\n• Nasdaq Composite:14,113.70, down 0.18%\nHere's what else is happening today:\n• The Biden administration saidit will forgive $39 billion in student debtfor more than 800,000 borrowers.\n• SpaceX has hit a valuation of nearly $150 billionamid another round of share sales by insiders at the space exploration company.\n• TheUS budget deficit ballooned to $2.3 trillion in the 12 months through June– that's a 64% jump from fiscal year 2022.\n• China'sweak economy is exporting disinflationary trends to the US,and that could help the US bring inflation down without sparking a recession, according to Ed Yardeni.\n• BlackRock CEO Larry Fink said US debt is 'out of control' - butthat an accelerating US economy could ultimately solve the problem.\n• Taylor Swift'simpact on the economy has caught the eye of the Federal Reserve,as the singer's packed concerts have helped drive a noticeable increase in local economies.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 2.02% to $75.34 per barrel.Brent crude, oil's international benchmark, dropped 1.95% to $79.77.\n• Goldfell 0.12% to $1,961.50 per ounce.\n• The yield on the 10-year Treasury rose 5 basis points to 3.82%.\n• Bitcoin fell 4.32% to $30,114, while ether dropped 4.44% to $1,915.\nRead the original article onBusiness Insider", 'For the first time in Spain, a national museum will mint its own NFTs : an exclusive collection featuring masterpieces from Van Gogh. “These artworks were converted into high-definition NFTs using blockchain technology and certified by the Thyssen-Bornemisza National Museum, a national museum,” Carlos Grenoir, the CEO of metaverse platform Olyverse, told Decrypt . The Olyverse Platform is presented as a decentralized stars club, aimed to bridge the gap between fans and celebrities in an innovative and decentralized manner, linking the club members through NFTs). Fans can interact with stars through different activities and participate in experiences in the metaverse. LACMA Ventures Deeper Into NFT Art With Experimental Deafbeef Collection Each NFT, representing an original piece, is part of a limited series, with only 100 available for purchase in collaboration with Telefónica and its NFT marketplace. “By democratizing access to art through NFTs, we hope to enable individuals to experience Van Gogh\'s works in a new way,” said Grenoir. “Our metaverse serves as a platform to exhibit and explore these digital masterpieces, offering an immersive and enriching experience that transcends traditional museum boundaries.” Additionally, a collaboration with the tech giant LG, Van Gogh’s NFT owners will be able to showcase their digital artworks using blockchain-powered displays. The choice of Van Gogh as the first historical artist to be included in the Olyverse was obvious. “Besides the fact that I love Van Gogh, we wanted an artist who is universally recognized, who incarnates the same philosophy as ours, and who created something new and disruptive,” he told Decrypt . Bridging the gap between fans and celebrities The first chapter of Olyverse\'s origin story begins with an encounter. After graduating as an engineer specializing in cybersecurity and neuroscience, Grenoir was working in the cybersecurity field when he met Kevin Mitnick, a renowned hacker and security expert. This encounter led to the building of a platform aiming to leverage blockchain technology and VR to offer a new type of interaction between stars and fans. Story continues For now, the platform offers experiences with Alvaro Morte, the Spanish Actor playing in Netflix’s Money Heist . Ex-footballer Carles Puyol, actress Elsa Pataki, and actor Kerem Bürsin will also join soon, along with a digitized version of Vincent Van Gogh, who is also presented as a member of this star club. To onboard more users, Olyverse’s team worked to make the metaverse accessible to people who don’t know how to use a wallet. ‘You Are the Art’: Chainspace NFT Portals Connect Bitcoin and Ethereum “Olyverse prioritized user experience and ensured that accessing the metaverse did not require VR glasses or knowledge of cryptocurrency. Everything happens behind the scenes, to allow an easy mainstream adoption to our utility OLY and the entire ecosystem,” Grenoir said. Although users can connect via MetaMask or other digital wallets, they also have the option to use credit cards. With its metaverse, Olyverse aims to merge entertainment and education, while leveraging blockchain technology along the way. “We want to create the number one Metaverse in the world by offering all those activities, with free courses every day in different fields like painting, music, cinema, fitness, and cooking, for example," he said. "We will also keep developing the interactions between stars and users, having our token in the middle.” Iconic Notorious B.I.G. Photo Up for Auction—Along With Ethereum NFT Olyverse also introduced the concept of Non-Fungible Stories (NFS), a series that puts the audience in the director\'s chair, allowing them to control the story and shape the future of the show. They are also granted additional benefits like participating in auditions with the stars, enrolling in acting courses, and attending exclusive events. “Metaverse is something that has come to stay and we will see a lot of developments," he said. “Now we see Apple exploring Metaverse. Meta is competing with Quest Pro, as social networks will evolve into that 3D environment. There is a very bright future for this, the competition has started and we will be there.”', 'For the first time in Spain, a national museum will mint its own NFTs : an exclusive collection featuring masterpieces from Van Gogh. “These artworks were converted into high-definition NFTs using blockchain technology and certified by the Thyssen-Bornemisza National Museum, a national museum,” Carlos Grenoir, the CEO of metaverse platform Olyverse, told Decrypt . The Olyverse Platform is presented as a decentralized stars club, aimed to bridge the gap between fans and celebrities in an innovative and decentralized manner, linking the club members through NFTs). Fans can interact with stars through different activities and participate in experiences in the metaverse. LACMA Ventures Deeper Into NFT Art With Experimental Deafbeef Collection Each NFT, representing an original piece, is part of a limited series, with only 100 available for purchase in collaboration with Telefónica and its NFT marketplace. “By democratizing access to art through NFTs, we hope to enable individuals to experience Van Gogh\'s works in a new way,” said Grenoir. “Our metaverse serves as a platform to exhibit and explore these digital masterpieces, offering an immersive and enriching experience that transcends traditional museum boundaries.” Additionally, a collaboration with the tech giant LG, Van Gogh’s NFT owners will be able to showcase their digital artworks using blockchain-powered displays. The choice of Van Gogh as the first historical artist to be included in the Olyverse was obvious. “Besides the fact that I love Van Gogh, we wanted an artist who is universally recognized, who incarnates the same philosophy as ours, and who created something new and disruptive,” he told Decrypt . Bridging the gap between fans and celebrities The first chapter of Olyverse\'s origin story begins with an encounter. After graduating as an engineer specializing in cybersecurity and neuroscience, Grenoir was working in the cybersecurity field when he met Kevin Mitnick, a renowned hacker and security expert. This encounter led to the building of a platform aiming to leverage blockchain technology and VR to offer a new type of interaction between stars and fans. Story continues For now, the platform offers experiences with Alvaro Morte, the Spanish Actor playing in Netflix’s Money Heist . Ex-footballer Carles Puyol, actress Elsa Pataki, and actor Kerem Bürsin will also join soon, along with a digitized version of Vincent Van Gogh, who is also presented as a member of this star club. To onboard more users, Olyverse’s team worked to make the metaverse accessible to people who don’t know how to use a wallet. ‘You Are the Art’: Chainspace NFT Portals Connect Bitcoin and Ethereum “Olyverse prioritized user experience and ensured that accessing the metaverse did not require VR glasses or knowledge of cryptocurrency. Everything happens behind the scenes, to allow an easy mainstream adoption to our utility OLY and the entire ecosystem,” Grenoir said. Although users can connect via MetaMask or other digital wallets, they also have the option to use credit cards. With its metaverse, Olyverse aims to merge entertainment and education, while leveraging blockchain technology along the way. “We want to create the number one Metaverse in the world by offering all those activities, with free courses every day in different fields like painting, music, cinema, fitness, and cooking, for example," he said. "We will also keep developing the interactions between stars and users, having our token in the middle.” Iconic Notorious B.I.G. Photo Up for Auction—Along With Ethereum NFT Olyverse also introduced the concept of Non-Fungible Stories (NFS), a series that puts the audience in the director\'s chair, allowing them to control the story and shape the future of the show. They are also granted additional benefits like participating in auditions with the stars, enrolling in acting courses, and attending exclusive events. “Metaverse is something that has come to stay and we will see a lot of developments," he said. “Now we see Apple exploring Metaverse. Meta is competing with Quest Pro, as social networks will evolve into that 3D environment. There is a very bright future for this, the competition has started and we will be there.”', 'It was a week of altcoin rallies after Ripple’scourtroom victoryagainst the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders.\nBitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according toCoinGecko.\nOn Monday,reportshit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though.\nEthereum (ETH) fared substantially better, though not in the same league as the altcoins. It rose 6.6% to trade at $2,001 at the start of the weekend—$1,932 as of this writing. On Thursday,Ethereum hit $2,000for the first time since May.\nWhile the latest CPI report, released on Wednesday, indicates thatU.S. inflation is going downin line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies.\nDid XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits\nThe first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC)began to surgefollowing an uptick in network growth.\nOn Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token—a kind of upgrade to MATIC.\nClearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple.\nJudge Analisa Torres ruled that XRP "isnot necessarily a securityon its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRPdidqualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise.\nThe news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentageson Thursday. Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillionon Friday.\nAt the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. XRP leads with an eye-popping 66% spike in price and currently trades at $0.72194.\nSolana blew up 33% and now trades at $27.44, Polygon rose 24% before settling to $0.8061 and Cardano added 22%, now $0.3299.\nOther particularly noteworthy rallies this week include Stellar’s XLM, up 47% and now trades at $0.1316, Chainlink (LINK) added 14% to settle at $6.96, and Lido DAO (LDO) rallied 26% to trade at $2.37 as of this writing.\nThere were no major losses among the top thirty cryptocurrencies.\nCoinbase,Kraken and Crypto.comall announced they would all be relisting XRP after the momentous court ruling.\nFinally, regulators across the world are continuing to grapple with the growing crypto industry.\nOn Monday, two high-level European Union institutions, the European Banking Authority and the European Securities and Markets Authority,both released new guidelinesin the runup to the implementation of Markets in Crypto Assets (MiCA), a comprehensive framework for governing the industry across all the bloc’s 27 member states.\nMiCA comes into force on 30 June 2024.\nAnd on Tuesday, South Korea\'s Financial Services Commission (FSC)announcedthe implementation of rules, effective from January 2024, requiring crypto firms to submit detailed crypto disclosures in their financial statements.', 'Illustration by Mitchell Preffer for Decrypt. It was a week of altcoin rallies after Ripple’s courtroom victory against the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders. Bitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according to CoinGecko . On Monday, reports hit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though. Ethereum (ETH) fared substantially better, though not in the same league as the altcoins. It rose 6.6% to trade at $2,001 at the start of the weekend—$1,932 as of this writing. On Thursday, Ethereum hit $2,000 for the first time since May. While the latest CPI report, released on Wednesday, indicates that U.S. inflation is going down in line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies. Did XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits The first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC) began to surge following an uptick in network growth. On Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token—a kind of upgrade to MATIC. Clearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple. Judge Analisa Torres ruled that XRP "is not necessarily a security on its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRP did qualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise. The news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentages on Thursday . Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillion on Friday . Story continues At the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. XRP leads with an eye-popping 66% spike in price and currently trades at $0.72194. Solana blew up 33% and now trades at $27.44, Polygon rose 24% before settling to $0.8061 and Cardano added 22%, now $0.3299. Other particularly noteworthy rallies this week include Stellar’s XLM, up 47% and now trades at $0.1316, Chainlink (LINK) added 14% to settle at $6.96, and Lido DAO (LDO) rallied 26% to trade at $2.37 as of this writing. There were no major losses among the top thirty cryptocurrencies. Coinbase , Kraken and Crypto.com all announced they would all be relisting XRP after the momentous court ruling. Finally, regulators across the world are continuing to grapple with the growing crypto industry. On Monday, two high-level European Union institutions, the European Banking Authority and the European Securities and Markets Authority, both released new guidelines in the runup to the implementation of Markets in Crypto Assets (MiCA), a comprehensive framework for governing the industry across all the bloc’s 27 member states. MiCA comes into force on 30 June 2024. And on Tuesday, South Korea\'s Financial Services Commission (FSC) announced the implementation of rules, effective from January 2024, requiring crypto firms to submit detailed crypto disclosures in their financial statements.', 'It was a week of altcoin rallies after Ripple’scourtroom victoryagainst the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders.\nBitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according toCoinGecko.\nOn Monday,reportshit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though.\nEthereum (ETH) fared substantially better, though not in the same league as the altcoins. It rose 6.6% to trade at $2,001 at the start of the weekend—$1,932 as of this writing. On Thursday,Ethereum hit $2,000for the first time since May.\nWhile the latest CPI report, released on Wednesday, indicates thatU.S. inflation is going downin line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies.\nDid XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits\nThe first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC)began to surgefollowing an uptick in network growth.\nOn Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token—a kind of upgrade to MATIC.\nClearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple.\nJudge Analisa Torres ruled that XRP "isnot necessarily a securityon its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRPdidqualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise.\nThe news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentageson Thursday. Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillionon Friday.\nAt the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. XRP leads with an eye-popping 66% spike in price and currently trades at $0.72194.\nSolana blew up 33% and now trades at $27.44, Polygon rose 24% before settling to $0.8061 and Cardano added 22%, now $0.3299.\nOther particularly noteworthy rallies this week include Stellar’s XLM, up 47% and now trades at $0.1316, Chainlink (LINK) added 14% to settle at $6.96, and Lido DAO (LDO) rallied 26% to trade at $2.37 as of this writing.\nThere were no major losses among the top thirty cryptocurrencies.\nCoinbase,Kraken and Crypto.comall announced they would all be relisting XRP after the momentous court ruling.\nFinally, regulators across the world are continuing to grapple with the growing crypto industry.\nOn Monday, two high-level European Union institutions, the European Banking Authority and the European Securities and Markets Authority,both released new guidelinesin the runup to the implementation of Markets in Crypto Assets (MiCA), a comprehensive framework for governing the industry across all the bloc’s 27 member states.\nMiCA comes into force on 30 June 2024.\nAnd on Tuesday, South Korea\'s Financial Services Commission (FSC)announcedthe implementation of rules, effective from January 2024, requiring crypto firms to submit detailed crypto disclosures in their financial statements.', 'Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs).\nSpot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index.\nA wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities and Exchange Commission (SEC) in last few weeks. However, the globally influential watchdog has said that all the recent filings have been inadequate.\nBut, like many others, I remain confident that a spot Bitcoin ETF is inevitable. The SEC is flexing its muscles, but it will be a matter of time.\xa0 These multi trillion-dollar asset managers are, of course, amazingly-well connected. And there won’t be just one company approved either, because this would imply that that regulator is a de facto ‘kingmaker’.\nIf I am right and we get a wave of approvals of ETFs, I am confident that crypto prices will skyrocket for four main reasons.\nFirst, a Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning or trading the cryptocurrency. Such increased accessibility for both can lead to a larger pool of potential investors entering the market, driving up demand for Bitcoin.\nSecond, the introduction of a Bitcoin ETF will undoubtedly attract institutional investors who have strict regulatory requirements and risk management policies. They’ll bring with them capital, expertise and clout.\nThird, ETFs are traded on established stock exchanges, providing liquidity and ease of trading. This liquidity will attract more traders and increase market efficiency, reducing price volatility. As such, increased liquidity and market efficiency can positively impact the price of Bitcoin and other cryptocurrencies.\nAnd fourth, a Bitcoin ETF will generate significant mainstream attention and media coverage which will drive up demand and prices in the crypto market.\nSo, now we wait for the SEC approval. But with the influence and power of these financial titans, maybe it won’t be for too long?\nBy Nigel Green viaCityAM\nMore Top Reads From Oilprice.com:\n• America’s Manufacturing Slowdown Weighs On Steel Demand\n• Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close\n• 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza\nRead this article on OilPrice.com', 'Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs). Spot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index. A wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities and Exchange Commission (SEC) in last few weeks. However, the globally influential watchdog has said that all the recent filings have been inadequate. But, like many others, I remain confident that a spot Bitcoin ETF is inevitable. The SEC is flexing its muscles, but it will be a matter of time.\xa0 These multi trillion-dollar asset managers are, of course, amazingly-well connected. And there won’t be just one company approved either, because this would imply that that regulator is a de facto ‘kingmaker’. If I am right and we get a wave of approvals of ETFs, I am confident that crypto prices will skyrocket for four main reasons. First, a Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning or trading the cryptocurrency. Such increased accessibility for both can lead to a larger pool of potential investors entering the market, driving up demand for Bitcoin. Second, the introduction of a Bitcoin ETF will undoubtedly attract institutional investors who have strict regulatory requirements and risk management policies. They’ll bring with them capital, expertise and clout. Third, ETFs are traded on established stock exchanges, providing liquidity and ease of trading. This liquidity will attract more traders and increase market efficiency, reducing price volatility. As such, increased liquidity and market efficiency can positively impact the price of Bitcoin and other cryptocurrencies. Story continues And fourth, a Bitcoin ETF will generate significant mainstream attention and media coverage which will drive up demand and prices in the crypto market. So, now we wait for the SEC approval. But with the influence and power of these financial titans, maybe it won’t be for too long? By Nigel Green via CityAM More Top Reads From Oilprice.com: America’s Manufacturing Slowdown Weighs On Steel Demand Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza Read this article on OilPrice.com', 'Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs).\nSpot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index.\nA wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities and Exchange Commission (SEC) in last few weeks. However, the globally influential watchdog has said that all the recent filings have been inadequate.\nBut, like many others, I remain confident that a spot Bitcoin ETF is inevitable. The SEC is flexing its muscles, but it will be a matter of time.\xa0 These multi trillion-dollar asset managers are, of course, amazingly-well connected. And there won’t be just one company approved either, because this would imply that that regulator is a de facto ‘kingmaker’.\nIf I am right and we get a wave of approvals of ETFs, I am confident that crypto prices will skyrocket for four main reasons.\nFirst, a Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning or trading the cryptocurrency. Such increased accessibility for both can lead to a larger pool of potential investors entering the market, driving up demand for Bitcoin.\nSecond, the introduction of a Bitcoin ETF will undoubtedly attract institutional investors who have strict regulatory requirements and risk management policies. They’ll bring with them capital, expertise and clout.\nThird, ETFs are traded on established stock exchanges, providing liquidity and ease of trading. This liquidity will attract more traders and increase market efficiency, reducing price volatility. As such, increased liquidity and market efficiency can positively impact the price of Bitcoin and other cryptocurrencies.\nAnd fourth, a Bitcoin ETF will generate significant mainstream attention and media coverage which will drive up demand and prices in the crypto market.\nSo, now we wait for the SEC approval. But with the influence and power of these financial titans, maybe it won’t be for too long?\nBy Nigel Green viaCityAM\nMore Top Reads From Oilprice.com:\n• America’s Manufacturing Slowdown Weighs On Steel Demand\n• Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close\n• 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza\nRead this article on OilPrice.com', 'There is great optimism around the future of green hydrogen, with many seeing it as a super-fuel that will replace oil-derived options, as well as be highly competitive with electric battery technology. However, we are far from achieving this ambition yet, mainly due to small-scale production operations and high costs. Many companies around the globe have plans to produce green hydrogen, but some are battling challenges that are slowing down the rollout of the clean fuel. Despite improvements in production processes, thanks to greater investment in the sector in recent years, the production and transportation costs of green hydrogen remain much higher than other fuels, including other types of hydrogen. Producing grey or blue hydrogen, which is derived from fossil fuels , is viewed as relatively low cost, with many companies already relying on this fuel. Grey hydrogen is produced using natural gas. It undergoes a steam methane reforming (SMR) process, which breaks methane apart using high-pressure steam, which creates separate hydrogen, carbon monoxide, and carbon dioxide molecules. This process produces high levels of carbon dioxide, around 9 to 10 tonnes of CO2 for every tonne of hydrogen. But it is also highly cost-effective, so long as natural gas prices remain stable. In July 2022, the cost of grey hydrogen was around $2 per kilo . In contrast, green hydrogen production methods are more expensive. Green hydrogen is made using renewable energy sources to power an electrolysis process that separates hydrogen from water, producing just steam as a waste product. It is carbon neutral, making it highly attractive for companies looking to decarbonise. However, by July 2022, it cost around $4 to $5 a kilo, or even more , to produce green hydrogen. And some industry experts believe that the high cost of green hydrogen production isn’t going to fall any time soon. Green hydrogen is viewed by many international agencies, such as the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA), as a solution to decarbonise ‘hard-to-abate’ sectors. As more governments and private companies around the globe pump funding into green hydrogen operations, there are high hopes that the production cost of green hydrogen to fall substantially, to as low as $0.5 per kilo. However, others believe it will be difficult to drive the cost to lower than $3 per kilo . Story continues IRENA published two studies to drive green hydrogen production worldwide: Green Hydrogen: A Guide to Policy Making in November 2020, and Green Hydrogen Cost Reduction: Scaling up Electrolysers to Meet the 1.5°C climate goal in December 2020. These studies were aimed at encouraging governments and private companies to scale up production, aimed at driving down costs. However, the price of green hydrogen production so far remains elevated, at around 2 to 3 times the cost of grey hydrogen production, when gas prices are stable. Nevertheless, progress has been seen thanks to greater funding into research and development, with the price of electrolysers falling by around 60 percent since 2010 . According to IRENA, they could decrease by a further 40 percent in the short term and by as much as 80 percent in the long term. This cost reduction prediction relies on greater innovation in electrolysis technology to improve its performance, as well as scaling up manufacturing capacity, standardisation, and growing economies of scale. Another challenge to consider is the cost of transportation. Murray Douglas, the head of hydrogen research at Wood Mackenzie, stated that “Hydrogen is pretty expensive to move… “It’s more difficult to move than natural gas ... technically, engineering wise … it’s just harder.” And Douglas is not the only one concerned about this. The U.S. Department of Energy (DoE) has reported challenges with green hydrogen including “reducing cost, increasing energy efficiency, maintaining hydrogen purity, and minimizing hydrogen leakage.” The DoE believes greater research is required to “analyse the trade-offs between the hydrogen production options and the hydrogen delivery options when considered together as a system.” Companies worldwide are now considering the best locations for their green hydrogen production facilities. While there is great potential for the development of plants in Australia, North Africa, and the Middle East, these could be very far from their principal markets. Douglas highlighted the need for a dedicated pipeline, constructed between the producer and end-user if moving green hydrogen by pipe. Alternatively, green hydrogen could be transported as ammonia with nitrogen, which could be shipped and sold to consumers such as fertiliser producers. Otherwise, users would have to crack the ammonia back into nitrogen, which would increase costs and result in energy losses. For green hydrogen to be as successful as everyone hopes, it will require significant investment to overcome these challenges. Jorgo Chatzimarkakis, the CEO of the industry association Hydrogen Europe, suggests the need for a certification system, to guarantee that any green hydrogen production was powered by renewable sources. Further, a well-researched delivery strategy needs to be developed to ensure that production facilities are adequately linked with green hydrogen markets. This has been seen in projects such as Cepsa’s green hydrogen corridor between southern and northern Europe. While transportation costs are high, companies already understand how to move green hydrogen as they have been doing it the same way with natural gas for decades. But some are deterred by high costs. Therefore, the industry must drive down production costs to alleviate some of the pressure on transportation. Although the green hydrogen industry continues to face several major challenges, preventing a wide-scale deployment of the clean fuel, greater investment in the sector over the coming decades will likely fix many of these problems and allow for the deployment of global, large-scale green hydrogen production. By Felicity Bradstock for Oilprice.com More Top Reads From Oilprice.com: Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza The Dawn Of Bitcoin ETFs Could Spark An Investor Frenzy Read this article on OilPrice.com', 'There is great optimism around the future of green hydrogen, with many seeing it as a super-fuel that will replace oil-derived options, as well as be highly competitive with electric battery technology. However, we are far from achieving this ambition yet, mainly due to small-scale production operations and high costs. Many companies around the globe have plans to produce green hydrogen, but some are battling challenges that are slowing down the rollout of the clean fuel. Despite improvements in production processes, thanks to greater investment in the sector in recent years, the production and transportation costs of green hydrogen remain much higher than other fuels, including other types of hydrogen.\nProducing grey or blue hydrogen, which isderived from fossil fuels, is viewed as relatively low cost, with many companies already relying on this fuel. Grey hydrogen is produced using natural gas. It undergoes a steam methane reforming (SMR) process, which breaks methane apart using high-pressure steam, which creates separate hydrogen, carbon monoxide, and carbon dioxide molecules. This process produces high levels of carbon dioxide, around9 to 10 tonnes of CO2for every tonne of hydrogen. But it is also highly cost-effective, so long as natural gas prices remain stable. In July 2022, the cost of grey hydrogen was around$2 per kilo.\nIn contrast, green hydrogen production methods are more expensive. Green hydrogen is made using renewable energy sources to power an electrolysis process that separates hydrogen from water, producing just steam as a waste product. It is carbon neutral, making it highly attractive for companies looking to decarbonise. However, by July 2022, it cost around$4 to $5a kilo, oreven more, to produce green hydrogen. And some industry experts believe that the high cost of green hydrogen production isn’t going to fall any time soon.\nGreen hydrogen is viewed by many international agencies, such as the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA), as a solution to decarbonise ‘hard-to-abate’ sector Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $589,354,741,075 - Hash Rate: 369831574.5386234 - Transaction Count: 484980.0 - Unique Addresses: 732135.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedly preparing for a spot Bitcoin exchange-traded fund (ETF) application. All top 10 cryptos rise Bitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days. Ether rose 1.63% to US$1,887 for a gain of 5.61% for the week. All top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain. Fidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news site reported on Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, including BlackRock , WisdomTree , Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets. However, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did however launch the Fidelity Advantage Bitcoin ETF in Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year. Investors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedly offering Bitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong. HSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally been frosty toward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges. Story continues “Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement. The total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data. Azuki Elementals NFTs take off The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week. The decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “This may reflect traders selling their existing assets to buy the new Azuki Elementals collection,” Petscher added. “It also reflects a major sell-off in the main Azuki and Beanz collections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].” NFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlam data . “As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 when Otherdeeds NFTs were minted. Notably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million. “It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” Petscher said Tuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?” Asia stocks mixed, China industrial profits sink Chinese Premier Li Qiang. Image: Getty Images Asia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by rebounding home sales and strengthened consumer confidence . However, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%. In China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to official data released Wednesday. Premier Li Qiang said at the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said. Elsewhere in the region, South Korea’s consumer sentiment index climbed in June to beat expectations and reach the highest since May last year. In Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS) data showed Wednesday “While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesday statement . While the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S. Powell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add South Korea data in equities section.)... - Reddit Posts (Sample): [['u/karmassacre', "I've never met a single person who understood bitcoin that didn't support it", 537, '2023-07-15 13:50', 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/', "That's it. That's the post.", 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/', '150a1e8', [['u/konokonohamaru', 86, '2023-07-15 14:25', 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/js23y3d/', "I never met someone who understands and hates it. But I have met people who understand it and yet are still skeptical. For the most part, it's because they don't think the fiat system is that bad. They are all people who have done very well for themselves financially. Unsurprising then that they don't think the current system needs fixing.", '150a1e8'], ['u/IAmBullsaw', 20, '2023-07-15 16:21', 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/js2hbqx/', "Yeah Im sure it's great, I'll join as soon as I'm able. Still, some bitcoiners are too weird for my taste, I'm probably one of them hah, but I'd love to talk Bitcoin irl without just hearing my partner complain that I talk too much and she's not interested.", '150a1e8']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["\x91I didn\x92t see the warning signs\x92: This retired San Antonio man says his wife was scammed by a \x91romantic interest\x92 online \x97 and he\x92s willing to pay up. Here\x92s what Dave Ramsey told him After a retired San Antonio man found out his wife had been the victim of an online fraudster, the news went from bad to worse: She willingly gave her money away to a \x93romantic interest.\x94 Now she\x92s on the hook for loans and credit card payments \x97 to the tune of about $50,000 \x97 at a time when the couple should be enjoying their golden years. Don't miss Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlord This janitor in Vermont built an $8M fortune without anyone around him knowing. Here are the 2 simple techniques that made Ronald Read rich \x97 and can do the same for you Millions of Americans are in massive debt in the face of rising rates. Here's how to get your head above water ASAP His wife sent small amounts of cash to a fraudster posing as a romantic interest via credit cards and gift cards, totaling between $9,000 and $10,000. But she was also manipulated into taking out two installment loans for $23,500 and $17,500. \x93I have a bunch of people tell me, \x91I would divorce her,\x92 but I\x92m not going to throw away 25 years (of marriage),\x94 the husband told best-selling author and personal finance expert Dave Ramsey on an episode of The Ramsey Show . Instead, they\x92re going to couples therapy, and the husband is making a \x93concerted effort to get this thing turned around financially and emotionally.\x94 Moving forward after a romance scam Romance scams are surprisingly common: In 2022, some 70,000 people reported they were a victim of a romance scam, according to the Federal Trade Commission, with reported losses totalling $1.3 billion. And those numbers only include those who reported being scammed; many people are too embarrassed to admit it. While the caller on The Ramsey Show can at least talk about what happened, he now has to find a way forward. Both he and his wife are retired and in their mid-70s. While they have retirement savings, their annual household income averages around $69,000. Story continues The first step, according to Ramsey, is to write a check for the smaller \x93credit card mosquitoes\x94 and close those accounts . That\x92s a gesture on the husband\x92s part \x93towards the healing that you\x92re searching for,\x94 says Ramsey. While this helps to avoid accrued interest, it\x92s also better for the husband\x92s mental state, since every time he writes a check to cover his wife\x92s debts, it \x93picks at the scab\x94 and reopens the wound of discovering an emotional affair. But Ramsey recommends holding off on paying the two larger loans while the couple goes to therapy, because \x93somehow you\x92ve got to get some checks and balances and start to incrementally rebuild trust.\x94 In situations like these, you\x92ll always be wondering in the back of your mind if it\x92ll happen again. \x93You\x92ve got to know that this is solid going forward before you write any more big checks,\x94 he says. While it\x92s a conversation the couple needs to have with their therapist, Ramsey recommended that the wife go back to work \x97 if she\x92s in good health \x97 to pay off the two installment loans. While most retirees don\x92t exactly want to go back to work in their mid-70s, this isn\x92t just about coming up with a financial solution. Rather, says Ramsey, it\x92s about taking responsibility for the emotional affair and earning back her partner\x92s trust. Read more : 3 big mistakes people make with cash back credit cards that cost them every time they swipe How to spot a romance scam Elderly divorcees and widows aren\x92t the only ones who fall prey to romance scams. Anyone who is lonely or vulnerable can be a target, including people experiencing marital problems. Romance scammers typically use social media platforms to gather details about potential targets. Then, they create a fake online identity. It\x92s the online version of a con artist, who uses the illusion of love or romance to manipulate the victim into sending money (or, in some cases, sending compromising photos which could later be used to blackmail the victim for money). While some romance scammers use online dating sites, most scams start with unsolicited private messages over social media platforms. Oftentimes, the scammer will ask to move the conversation to a messaging app like WhatsApp or Google Chat. They often tell their prey that they\x92re currently out of the country. \x93That makes it easier to avoid meeting in person \x97 and more plausible when they ask for money for a medical emergency or unexpected legal fee,\x94 according to the FBI. For example, they may claim to be stationed at a military base abroad or working at an offshore oil rig. Or, in a newer type of romance scam , they may claim to be a cryptocurrency investor, manipulating their prey into investing with cryptocurrency like Bitcoin or Ethereum (which is untraceable). Generative AI like ChatGPT will make it even easier for fraudsters to juggle multiple victims, even writing personalized scripts. However, there\x92s a common thread in all of these scams: The fraudster makes plans to meet the victim in person \x97 and may even propose marriage \x97 but always has an excuse for why that meet-up can\x92t happen. Tips for preventing a romance scam More than 60% of reported scams involve either by cryptocurrency or by bank wire, according to the Federal Trade Commission, but gift cards are the most frequently reported scam. Coming up with this money could mean taking out a loan \x97 as was the case with the wife of the caller on The Ramsey Show . While the husband \x93didn\x92t see the warning signs,\x94 there are ways you can protect yourself (or a loved one) from romance scams: Don\x92t post too many personal details online. Scammers can use that information to target you. If a stranger sends you a private DM, proceed with caution. Do a reverse image search of the person\x92s profile pictures to see if the details match up. Be wary if the person always has an excuse for why they can\x92t meet in person. Don\x92t provide your bank account information, wire money or send cryptocurrency to anyone you meet online. If you suspect you\x92ve been defrauded, your bank may be able to cancel a transfer before it happens \x97 otherwise, you\x92re on the hook. File a complaint with the FBI\x92s Internet Crime Complaint Center (IC3) . In the case of the caller on The Ramsey Show , it will be more complicated if your marriage partner falls prey to a romance scam and you only find out about it after it\x92s too late. But that\x92s a bigger issue that may require a therapist \x97 or a divorce lawyer. What to read next The US dollar has lost 98% of its purchasing power since 1971 \x97 invest in this stable asset before you lose your retirement fund 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new automobile, refrigerator, or whatever' \x97 here are 3 better recession-proof buys A 50-year-old Mom on Reddit emptied her daughter's college fund to keep her Malibu dream house \x97 the teen is 'furious.' 4 tips to retire comfortably without raiding your kid's account This article provides information only and should not be construed as advice. It is provided without warranty of any kind.", "After a retired San Antonio man found out his wife had been the victim of an online fraudster, the news went from bad to worse: She willingly gave her money away to a “romantic interest.”\nNow she’s on the hook for loans and credit card payments — to the tune of about $50,000 — at a time when the couple should be enjoying their golden years.\n• Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfoliowithout the headache of being a landlord\n• This janitor in Vermont built an $8M fortune without anyone around him knowing. Here arethe 2 simple techniques that made Ronald Read rich— and can do the same for you\n• Millions of Americans are in massive debt in the face of rising rates. Here'show to get your head above water ASAP\nHis wife sent small amounts of cash to a fraudster posing as a romantic interest via credit cards and gift cards, totaling between $9,000 and $10,000. But she was also manipulated into taking out two installment loans for $23,500 and $17,500.\n“I have a bunch of people tell me, ‘I would divorce her,’ but I’m not going to throw away 25 years (of marriage),” the husband told best-selling author and personal finance expert Dave Ramsey on anepisodeofThe Ramsey Show.\nInstead, they’re going to couples therapy, and the husband is making a “concerted effort to get this thing turned around financially and emotionally.”\nRomance scams are surprisingly common: In 2022, some 70,000 people reported they were a victim of a romance scam,according tothe Federal Trade Commission, with reported losses totalling $1.3 billion. And those numbers only include those whoreportedbeing scammed; many people are too embarrassed to admit it.\nWhile the caller onThe Ramsey Showcan at least talk about what happened, he now has to find a way forward. Both he and his wife are retired and in their mid-70s. While they have retirement savings, their annual household income averages around $69,000.\nThe first step, according to Ramsey, is to write a check for the smaller “credit card mosquitoes” andclose those accounts. That’s a gesture on the husband’s part “towards the healing that you’re searching for,” says Ramsey.\nWhile this helps to avoid accrued interest, it’s also better for the husband’s mental state, since every time he writes a check to cover his wife’s debts, it “picks at the scab” and reopens the wound of discovering an emotional affair.\nBut Ramsey recommends holding off on paying the two larger loans while the couple goes to therapy, because “somehow you’ve got to get some checks and balances and start to incrementally rebuild trust.”\nIn situations like these, you’ll always be wondering in the back of your mind if it’ll happen again. “You’ve got to know that this is solid going forward before you write any more big checks,” he says.\nWhile it’sa conversation the couple needs to havewith their therapist, Ramsey recommended that the wife go back to work — if she’s in good health — to pay off the two installment loans.\nWhile most retirees don’t exactly want togo back to workin their mid-70s, this isn’t just about coming up with a financial solution. Rather, says Ramsey, it’s about taking responsibility for the emotional affair and earning back her partner’s trust.\nRead more: 3big mistakes people make with cash back credit cardsthat cost them every time they swipe\nElderly divorcees and widows aren’t the only ones who fall prey to romance scams. Anyone who is lonely or vulnerable can be a target, including people experiencing marital problems.\nRomance scammers typically use social media platforms to gather details about potential targets. Then, they create a fake online identity. It’s the online version of a con artist, who uses the illusion of love or romance to manipulate the victim into sending money (or, in some cases, sending compromising photos which could later be used to blackmail the victim for money).\nWhile some romance scammers use online dating sites, most scams start with unsolicited private messages over social media platforms. Oftentimes, the scammer will ask to move the conversation to a messaging app like WhatsApp or Google Chat.\nThey often tell their prey that they’re currently out of the country. “That makes it easier to avoid meeting in person — and more plausible when they ask for money for a medical emergency or unexpected legal fee,”according tothe FBI.\nFor example, they may claim to be stationed at a military base abroad or working at an offshore oil rig. Or, ina newer type of romance scam, they may claim to be a cryptocurrency investor, manipulating their prey into investing with cryptocurrency like Bitcoin or Ethereum (which is untraceable).\nGenerative AI like ChatGPT will make it even easier for fraudsters to juggle multiple victims, even writing personalized scripts.\nHowever, there’s a common thread in all of these scams: The fraudster makes plans to meet the victim in person — and may even propose marriage — but always has an excuse for why that meet-up can’t happen.\nMore than 60% of reported scams involve either by cryptocurrency or by bank wire,according tothe Federal Trade Commission, but gift cards are the most frequently reported scam. Coming up with this money could mean taking out a loan — as was the case with the wife of the caller onThe Ramsey Show.\nWhile the husband “didn’t see the warning signs,” there are ways you can protect yourself (or a loved one) from romance scams:\n• Don’t post too many personal details online. Scammers can use that information to target you.\n• If a stranger sends you a private DM, proceed with caution.\n• Do a reverse image search of the person’s profile pictures to see if the details match up.\n• Be wary if the person always has an excuse for why they can’t meet in person.\n• Don’t provide your bank account information, wire money or send cryptocurrency to anyone you meet online.\n• If you suspect you’ve been defrauded, your bank may be able to cancel a transfer before it happens — otherwise, you’re on the hook.\n• File a complaint with the FBI’sInternet Crime Complaint Center (IC3).\nIn the case of the caller onThe Ramsey Show, it will be more complicated if your marriage partner falls prey to a romance scam and you only find out about it after it’s too late. But that’s a bigger issue that may require a therapist — or a divorce lawyer.\n• The US dollar has lost 98% of its purchasing power since 1971 —invest in this stable asset before you lose your retirement fund\n• 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new automobile, refrigerator, or whatever' —here are 3 better recession-proof buys\n• A 50-year-old Mom on Reddit emptied her daughter's college fund to keep her Malibu dream house — the teen is 'furious.'4 tips to retire comfortablywithout raiding your kid's account\nThis article provides information only and should not be construed as advice. It is provided without warranty of any kind.", 'The firestorm was first kindled when an obscure crypto intelligence firm called Arkham tweeted that it was opening an intelligence exchange where people could post bounties to incentivize blockchain analysts to identify the people or companies behind any wallet or transaction.\nCrypto Twitter went veritably ape and lambasted the idea.\nDecryptcovered the funniest responsesthat day. Needless to say, Arkham CEO Miguel Morel was keen to clear the air. Hesat down with uslater in the week over a Telegram call and assured us that his model wasn’t a “dox-to-earn” program and that any harmful uses would not be allowed.\nAlthough the case is most certainly not closed, the real hot topic of the week was Ripple’s courtroom victory against the SEC. A judge ruled that the sale of XRP tokens to the public was not a violation of securities laws—something that the industry long maintained.\nBefore we get onto that, however, let’s take a look at some of the other big tweets this week.\nCrypto Twitter Reacts to Arkham’s New \'Dox-to-Earn\' Intelligence Exchange\nOn Monday, Will Clemente, the founder of blockchain research firm Reflevity, pointed out a strange convergence of two important crypto milestones next year.\nAnother day, another bust for blockchain gumshoe ZachXBT. This time he was following the trail of a phishing scammer who used his purloined funds on luxury items, including a pretty loud Rolex watch, shamelessly posting pics on social media.\nBloomberg’s James Seyffart on Tuesday shared a subtle but significant amendment to the Chicago Board Options Exchange’s refiled Bitcoin ETF applications. Looks like Coinbase is everyone’s go-to partner for the “surveillance-sharing agreement” (SSA) side of the application. BlackRock and Valkyrie bothdid the same last weekin their respective applications.\nThe SEC wants to see SSAs in the ETF applications because they deter fraud and manipulation by outlining how applicants will monitor market trading activity and clearing activity and verify customer identity.\nCrypto lawyer Lewis Cohen on Wednesday tweeted a small thread about why he’s excited for a new version of the Responsible Financial Innovation Act. In a later tweet, he even suggested the U.S. still has a chance to “set the standard” in crypto legislation and outdo the European Union’s recently passed MiCA framework.\nAnother crypto lawyer, Marisa Tashman Coppel—senior counsel at pro-crypto policy lobbying group The Blockchain Association—has many questions for the SEC about Prometheum, a crypto company that suddenly appeared on the scene and has been conveniently touted as an upstanding and compliant firm by the commission.\nRepublican congressman Richie Torres called for an investigation into Prometheum the following day.\nThings went from bad to worse for the Multichain cross-chain bridge this week. The protocol has had some transactions frozensince May. In its latest announcement, it says it has shuttered operations as its CEO and his sister are in the custody of Chinese police, the team’s operational funds have been impounded, and over $200 million in customer funds is up in the air. Ouch!\nFOX business journalist Eleanor Terrett was one of the first to break the major news on Thursday that a judge ruled that XRP "isnot necessarily a securityon its face” and programmatic sales of XRP to the public did not break securities laws.\nIt’s party time, said Ripple CEO Brad Garlinghouse.\nLawyer Stephen Palley pointed out that some institutional sales of XRP ($728 million worth)didqualify as securities offerings. Later in the thread he described the event as “more of a win” than he was expecting.\nCrypto fan and streamer RookieXBT saw the ruling as a historic milestone.\nAndrew Kang, co-founder of crypto venture firm Mechanism Capital, said the news was a win for Ethereum too.\nGemini co-founder Cameron Winklevoss was overjoyed. He trash-talked the SEC back into the Mesozoic era, where it belongs—according to him. Threat neutralized.\nEleanor Terrett shared the SEC’s response, which reads like Gary Gensler smiling through gritted teeth.\nFinally, CoinGecko wanted you to know that XRP flipped BNB on Thursday. It’sno longer the case nowthough.\nWhat a week!', 'Illustration by Mitchell Preffer for Decrypt The firestorm was first kindled when an obscure crypto intelligence firm called Arkham tweeted that it was opening an intelligence exchange where people could post bounties to incentivize blockchain analysts to identify the people or companies behind any wallet or transaction. Crypto Twitter went veritably ape and lambasted the idea. Announcing The World’s First On-Chain Intelligence Exchange Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract. pic.twitter.com/4xr7dLvOjp — Arkham (@ArkhamIntel) July 10, 2023 Decrypt covered the funniest responses that day. Needless to say, Arkham CEO Miguel Morel was keen to clear the air. He sat down with us later in the week over a Telegram call and assured us that his model wasn’t a “dox-to-earn” program and that any harmful uses would not be allowed. Although the case is most certainly not closed, the real hot topic of the week was Ripple’s courtroom victory against the SEC. A judge ruled that the sale of XRP tokens to the public was not a violation of securities laws—something that the industry long maintained. Before we get onto that, however, let’s take a look at some of the other big tweets this week. Crypto Twitter Reacts to Arkham’s New \'Dox-to-Earn\' Intelligence Exchange On Monday, Will Clemente, the founder of blockchain research firm Reflevity, pointed out a strange convergence of two important crypto milestones next year. Last Bitcoin ETF decision deadline: 3/19/24 Bitcoin halving estimate: 4/16/24 👀👀 pic.twitter.com/8zxcp8TQsh — Will Clemente (@WClementeIII) July 10, 2023 Another day, another bust for blockchain gumshoe ZachXBT. This time he was following the trail of a phishing scammer who used his purloined funds on luxury items, including a pretty loud Rolex watch, shamelessly posting pics on social media. Story continues 1/ An investigation into the YouTuber turned phishing scammer Blue (Jack) who has worked with Monkey Drainer and other drainer services to steal more than $1.5m pic.twitter.com/MKRlaCuMI5 — ZachXBT (@zachxbt) July 10, 2023 Bloomberg’s James Seyffart on Tuesday shared a subtle but significant amendment to the Chicago Board Options Exchange’s refiled Bitcoin ETF applications. Looks like Coinbase is everyone’s go-to partner for the “surveillance-sharing agreement” (SSA) side of the application. BlackRock and Valkyrie both did the same last week in their respective applications. The SEC wants to see SSAs in the ETF applications because they deter fraud and manipulation by outlining how applicants will monitor market trading activity and clearing activity and verify customer identity. UPDATE: @CBOE has filed amendment\'s for all 5 of their #Bitcoin ETF applications. The one change I can find is different language about CBOE\'s SSA with Coinbase. Changing from "Expecting to enter" to "reached an agreement on terms". pic.twitter.com/25qK0x9lHg — James Seyffart (@JSeyff) July 11, 2023 Crypto lawyer Lewis Cohen on Wednesday tweeted a small thread about why he’s excited for a new version of the Responsible Financial Innovation Act. In a later tweet, he even suggested the U.S. still has a chance to “ set the standard ” in crypto legislation and outdo the European Union’s recently passed MiCA framework. 1/ So excited!!\xa0 Sen. Cynthia Lummis just announced on Squawkbox that a revised version of the Lummis-Gillibrand Responsible Financial Innovation Act is being introduced in the Senate today.\xa0 This is BIG NEWS. pic.twitter.com/PQgOoLjIXC — Lewis Cohen (@NYcryptolawyer) July 12, 2023 Another crypto lawyer, Marisa Tashman Coppel—senior counsel at pro-crypto policy lobbying group The Blockchain Association—has many questions for the SEC about Prometheum, a crypto company that suddenly appeared on the scene and has been conveniently touted as an upstanding and compliant firm by the commission. 1/ Today, the @BlockchainAssn submitted a letter to the SEC’s Inspector General calling for an investigation into the circumstances surrounding Prometheum. Although there may not be anything nefarious, suspicious circumstances beg someone to look under the hood… Key Qs 🧵👇 pic.twitter.com/Gp7bx7WD5X — Marisa Tashman Coppel (@MTCoppel) July 12, 2023 Republican congressman Richie Torres called for an investigation into Prometheum the following day. 🚨 @SECGov is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a secret. It prefers to communicate by enforcement rather than by rules or guidance. But that\'s no way to regulate digital assets. I\'m calling for an investigation. https://t.co/ZbiSk6oQ9F pic.twitter.com/n0hijAREDC — Rep. Ritchie Torres (@RepRitchie) July 13, 2023 Things went from bad to worse for the Multichain cross-chain bridge this week. The protocol has had some transactions frozen since May . In its latest announcement, it says it has shuttered operations as its CEO and his sister are in the custody of Chinese police, the team’s operational funds have been impounded, and over $200 million in customer funds is up in the air. Ouch! 1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previously Anyswap) (@MultichainOrg) July 14, 2023 Crypto Twitter basks in Ripple’s victory FOX business journalist Eleanor Terrett was one of the first to break the major news on Thursday that a judge ruled that XRP "is not necessarily a security on its face” and programmatic sales of XRP to the public did not break securities laws. 🚨BREAKING: Judge Torres says @Ripple ’s Programmatic Sales, the Other Distributions, and Larsen\'s and Garlinghouse\'s sales of #XRP do NOT constitute investment contracts. Documents and details to come. pic.twitter.com/3sTV12bleL — Eleanor Terrett (@EleanorTerrett) July 13, 2023 It’s party time, said Ripple CEO Brad Garlinghouse. (and let\'s start planning that proper party!) — Brad Garlinghouse (@bgarlinghouse) July 13, 2023 Lawyer Stephen Palley pointed out that some institutional sales of XRP ( $728 million worth ) did qualify as securities offerings. Later in the thread he described the event as “ more of a win ” than he was expecting. so basically institutional sales were securities transactions programmatic sales and distributions to employees were not court punts on whether secondary market sales are securities transactions (see footnote 16) but seems trending that way case goes to trial https://t.co/A6wIUTZhaz pic.twitter.com/97QuSAMBsf — Palley (@stephendpalley) July 13, 2023 Crypto fan and streamer RookieXBT saw the ruling as a historic milestone. this is literally better news than an ETF approval but you just don\'t get it yet — RookieXBT 🧲 (@RookieXBT) July 13, 2023 Andrew Kang, co-founder of crypto venture firm Mechanism Capital, said the news was a win for Ethereum too. XRP case files/letters actually had more positive $ETH not being non-security language than $XRP Opens the door for $ETH ETF speculation https://t.co/jvSg0Da9GA — Andrew Kang (@Rewkang) July 13, 2023 Gemini co-founder Cameron Winklevoss was overjoyed. He trash-talked the SEC back into the Mesozoic era, where it belongs—according to him. Threat neutralized. The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and @SECGov and @GaryGensler have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye pic.twitter.com/PRuumqQBEL — Cameron Winklevoss (@cameron) July 13, 2023 Eleanor Terrett shared the SEC’s response, which reads like Gary Gensler smiling through gritted teeth. 🚨BREAKING: The @SECGov responds to @FoxBusiness with a statement on today’s #Ripple ruling: pic.twitter.com/9rbggXkJSP — Eleanor Terrett (@EleanorTerrett) July 13, 2023 Finally, CoinGecko wanted you to know that XRP flipped BNB on Thursday. It’s no longer the case now though. $XRP has flipped $BNB , and is now the 4th largest cryptocurrency by market capitalization. pic.twitter.com/ZxBuVABp2M — CoinGecko (@coingecko) July 13, 2023 What a week!', 'A blockchain developer has reverse-engineered the code behind theBrazilian Central Bank Digital Currency(CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances.\nPedro Magalhaes, founder ofWeb3consulting companyIora Labs, reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation.\n“They tend to keep things closed off and usually don’t communicate with non-bankers," he toldDecrypt, although he saidhe has had some general discussions on Github about the CBDC implementation. “Honestly, they don’t even need to care about public opinion.”\nVini Barbosa, reporter for Brazilian crypto news outletPortal Do Bitcoin,took to social media to claim thathe spoke to the Brazilian authorities and confirmed Magalhaes’ findings.\n“The ability to \'freeze or arrest amounts\' held in [this system] is protected by current legislation in Brazil, according to the Central Bank," Barbosatweeted.\nBrazilian banking authorities did not respond to a request for comment fromDecrypt.\nMagalhaes, who first published the discovery on his LinkedIn profile for “educational purposes,” first thought the function would only refer toDeFior CeFi, “where it may be necessary to freeze the balances to complete asmart contractoperation”—but said the official response was that the central bank can do it any time it wants.\nBrazilians are scared, he said, due to the nation\'s financial history. In the 1990s, the country’s presidentfroze financesfor all Brazilians for 18 months.\nMagalhaes said the the only way to fight the central bank\'s excessive control over CBDC is to report it on social media.\n“They will try hard to adopt it, and they have the power to do it," the expert inEthereum’s Solidity programming language toldDecrypt. "As a blockchain developer, the only thing I\'ve been asking for is: please, provide public smart contracts and let Brazilians know what the Central Bank is doing.”', 'A blockchain developer has reverse-engineered the code behind the Brazilian Central Bank Digital Currency (CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances. Pedro Magalhaes , founder of Web3 consulting company Iora Labs , reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation. \x93They tend to keep things closed off and usually don\x92t communicate with non-bankers," he told Decrypt , although he said he has had some general discussions on Github about the CBDC implementation. \x93Honestly, they don\x92t even need to care about public opinion.\x94 Vini Barbosa , reporter for Brazilian crypto news outlet Portal Do Bitcoin , took to social media to claim thathe spoke to the Brazilian authorities and confirmed Magalhaes\x92 findings. \x93The ability to \'freeze or arrest amounts\' held in [this system] is protected by current legislation in Brazil, according to the Central Bank," Barbosa tweeted . Brazilian banking authorities did not respond to a request for comment from Decrypt . Magalhaes, who first published the discovery on his LinkedIn profile for \x93educational purposes,\x94 first thought the function would only refer to DeFi or CeFi, \x93where it may be necessary to freeze the balances to complete a smart contract operation\x94\x97but said the official response was that the central bank can do it any time it wants. Brazilians are scared, he said, due to the nation\'s financial history. In the 1990s, the country\x92s president froze finances for all Brazilians for 18 months. Magalhaes said the the only way to fight the central bank\'s excessive control over CBDC is to report it on social media. \x93They will try hard to adopt it, and they have the power to do it," the expert in Ethereum \x92s Solidity programming language told Decrypt . "As a blockchain developer, the only thing I\'ve been asking for is: please, provide public smart contracts and let Brazilians know what the Central Bank is doing.\x94 View comments', 'Bitcoin and Ethereum may be rising again, but venture capital firms continued to sour on the crypto space, according to a new report released by Galaxy Research. Crypto and blockchain firms saw $2.3 billion in investments from venture capital firms during the second quarter of this year. It represents a steep decline from the same period a year ago, when VC firms invested more than $8 billion. The crypto industry was flush with venture capital during its pandemic-era boom, drawing a record $13 billion in the first quarter of 2022. But a challenging business environment and higher interest rates have effectively reduced the deal flow flood to a small trickle—and it continues to shrink. “Capital invested has not yet found a clear bottom,” the report said. “Rising rates continue to reduce allocator appetites to bet on long-tail risk assets like venture funds.” As a result, the report notes, the sum of venture capital invested in crypto firms has now declined for the fifth quarter in a row. Crypto VC Investment Drops 70% In One Year: Report Venture capital firms play a vital role in fueling the digital assets space, investing in startups and funding their growth in exchange for equity or tokens. While the amount of cash thrown at crypto firms declined overall, the number of deals ticked upward to 456 from 439 in the first quarter, the report noted. Deals specifically involving companies building privacy and security products grew 275%. Within the crypto space, startups focused on trading, exchanges, investing, and lending attracted the most capital at $473 million. That was followed by firms centered on Web3, NFTs, Gaming, DAOs, and the metaverse, which received $442 million. Magic Eden, the cross-chain NFT marketplace, was highlighted in the report for its recent $52 million deal, which Galaxy Research said was the largest in the NFT space for the quarter. Despite regulatory headwinds, Galaxy Digital also reported that crypto startups in the U.S. continue to receive robust attention from venture capitalists, suggesting that the Securities and Exchange Commission’s recent regulatory blitz has not entirely dissuaded investors. Story continues The report noted that 45% of capital invested in crypto companies was directed at U.S.-based firms, followed by the United Kingdom at 7.5% and Singapore at 5.7%. The report added that the lack of VC activity isn’t necessarily unique to crypto, explaining that tighter monetary conditions have weighed on VC firms’ ability to raise funds for investments across the board. But the report acknowledges that other factors could also be at play, considering the bankruptcies that defined last the crypto space last year, stating “many allocators feel burned after the spectacular blowups of several venture-backed companies in 2022.”', 'Bitcoin and Ethereum may be rising again, but venture capital firms continued to sour on the crypto space, according to a newreportreleased by Galaxy Research.\nCrypto and blockchain firms saw $2.3 billion in investments from venture capital firms during the second quarter of this year. It represents a steep decline from the same period a year ago, when VC firms invested more than $8 billion.\nThe crypto industry was flush with venture capital during its pandemic-era boom, drawing a record $13 billion in the first quarter of 2022. But a challenging business environment and higher interest rates have effectively reduced the deal flow flood to a small trickle—and it continues to shrink.\n“Capital invested has not yet found a clear bottom,” the report said. “Rising rates continue to reduce allocator appetites to bet on long-tail risk assets like venture funds.”\nAs a result, the report notes, the sum of venture capital invested in crypto firms has now declined for the fifth quarter in a row.\nCrypto VC Investment Drops 70% In One Year: Report\nVenture capital firms play a vital role in fueling the digital assets space, investing in startups and funding their growth in exchange for equity or tokens.\nWhile the amount of cash thrown at crypto firms declined overall, the number of deals ticked upward to 456 from 439 in the first quarter, the report noted. Deals specifically involving companies building privacy and security products grew 275%.\nWithin the crypto space, startups focused on trading, exchanges, investing, and lending attracted the most capital at $473 million. That was followed by firms centered on Web3, NFTs, Gaming, DAOs, and the metaverse, which received $442 million.\nMagic Eden, the cross-chain NFT marketplace, was highlighted in the report for its recent $52 million deal, which Galaxy Research said was the largest in the NFT space for the quarter.\nDespite regulatory headwinds, Galaxy Digital also reported that crypto startups in the U.S. continue to receive robust attention from venture capitalists, suggesting that the Securities and Exchange Commission’s recent regulatory blitz has not entirely dissuaded investors.\nThe report noted that 45% of capital invested in crypto companies was directed at U.S.-based firms, followed by the United Kingdom at 7.5% and Singapore at 5.7%.\nThe report added that the lack of VC activity isn’t necessarily unique to crypto, explaining that tighter monetary conditions have weighed on VC firms’ ability to raise funds for investments across the board.\nBut the report acknowledges that other factors could also be at play, considering the bankruptcies that defined last the crypto space last year, stating “many allocators feel burned after the spectacular blowups of several venture-backed companies in 2022.”', 'Nukem Loans RAS AL KHAIMAH, United Arab Emirates, July 16, 2023 (GLOBE NEWSWIRE) -- Nukem Loans, an isolated lending protocol specifically designed for MEME coins, is preparing to deploy a Lending Market for Blue coin. Blue coin is derived from the well-known crypto trader "Profit Blue," who gained popularity in the crypto space for their bearish stance on Bitcoin, predicting it to fall as low as $10k. With 4,260 holders on the BNB smart chain, Blue currently has a market cap of $0.65 million, along with $0.79 million liquidity on PancakeSwap, resulting in a liquidity to market capitalization ratio of 1,215. DeFiKash, the founder of Nukem Loans, expressed confidence in Blue\'s potential to utilize all the features offered by Nukem Loans to expand their project. "With 4,260 token holders and $0.65 million collateral value, borrowers will be competing for $0.39 million worth of loans, while lenders can expect very lucrative yields and potential growth in the addressable market for Blue," stated DeFiKash. "Blue is one of those exciting new meme projects that offers something different from the standard doge narrative and does not apply any transactional taxes to each buy, sell, or transfer. We are confident that the FREE HYPE, FREE MARKETING, and FREE UTILITY that Nukem Loans offers to any project with a significant market presence on our platform will add enormous value and utility to Blue coin and its community," explained community manager Coinsigliere. "Nukem Loans gives token holders a reason to HODL Blue coin and refrain from selling by allowing them to take loans against their collateral value when needed. The leverage function brings more volume and volatility to token trading, giving more upside potential to the price action. Users can hedge their risk, trade volatility, or earn passive income by using Nukem Loans. This level of utility attracts more token holders and leads to market cap growth," added Coinsigliere. About Nukem Loans Nukem Loans, an isolated lending protocol designed specifically for high-risk meme projects with deep liquidity and large communities. After 18 months of dedicated work and over 50 iterations, Nukem Loans has perfected their smart contracts to revolutionize the industry and empower projects with strong communities but limited utility. Media Enquiries Mr S. Khan [email protected] View comments', 'RAS AL KHAIMAH, United Arab Emirates, July 16, 2023 (GLOBE NEWSWIRE) -- Nukem Loans, an isolated lending protocol specifically designed for MEME coins, is preparing to deploy a Lending Market for Blue coin.\nBlue coin is derived from the well-known crypto trader "Profit Blue," who gained popularity in the crypto space for their bearish stance on Bitcoin, predicting it to fall as low as $10k. With 4,260 holders on the BNB smart chain, Blue currently has a market cap of $0.65 million, along with $0.79 million liquidity on PancakeSwap, resulting in a liquidity to market capitalization ratio of 1,215.\nDeFiKash, the founder of Nukem Loans, expressed confidence in Blue\'s potential to utilize all the features offered by Nukem Loans to expand their project. "With 4,260 token holders and $0.65 million collateral value, borrowers will be competing for $0.39 million worth of loans, while lenders can expect very lucrative yields and potential growth in the addressable market for Blue," stated DeFiKash.\n"Blue is one of those exciting new meme projects that offers something different from the standard doge narrative and does not apply any transactional taxes to each buy, sell, or transfer. We are confident that the FREE HYPE, FREE MARKETING, and FREE UTILITY that Nukem Loans offers to any project with a significant market presence on our platform will add enormous value and utility to Blue coin and its community," explained community manager Coinsigliere.\n"Nukem Loans gives token holders a reason to HODL Blue coin and refrain from selling by allowing them to take loans against their collateral value when needed. The leverage function brings more volume and volatility to token trading, giving more upside potential to the price action. Users can hedge their risk, trade volatility, or earn passive income by using Nukem Loans. This level of utility attracts more token holders and leads to market cap growth," added Coinsigliere.\nAbout Nukem LoansNukem Loans, an isolated lending protocol designed specifically for high-risk meme projects with deep liquidity and large communities. After 18 months of dedicated work and over 50 iterations, Nukem Loans has perfected their smart contracts to revolutionize the industry and empower projects with strong communities but limited utility.\nMedia EnquiriesMr S. [email protected]', 'Chugging down the Danube in a fisherman’s boat, past the unrecognised exclave known as Liberland, it’s hard to reconcile fantasy with reality. This patch of land — lushly forested, mosquito-ridden and boggy — remains unclaimed by neighbouring Croatia and Serbia, allowing a coterie of libertarian crypto enthusiasts to claim it as a nominally-sovereign micronation. But this sleepy cartographical quirk is a far cry from the visionary design generated by Zaha Hadid Architects to represent Liberland in the Metaverse, where silhouetted avatars stroll down deforested avenues lined with grand, neo-futurist architecture. The idea of setting up an “independent” nation has always been attractive to libertarians, even though a half-century of attempts to establish tax-free idylls have produced no tangible results beyond angering locals and wasting the pocket change of billionaires like Peter Thiel. Partly in response to this, the more artistic tradition of “micronations” has been overtaken by a particular trend of Bitcoin-fuelled ultra-libertarianism, which implies less a release from state repression than a form of anarcho-capitalism. This vision has more in common with Dubai’s brand of free-market authoritarianism — a vision of ultra-rich luxury and labour exploitation — than any true utopian ideal. Vit Jedlička, a ruddy-cheeked, stout-chested libertarian ideologue and self-styled President of Liberland, is as emphatic as he is energetic. “We are not a micronation, but a nation of 700,000 people, with embassies in 80 nations, and relations with countries like Haiti, Somaliland, and Malawi. We’re serious about getting Liberland set up as a country.” Never one to undersell his project, Jedlička clearly has tremendous fun barrelling around the world promoting Liberland. Nominally based out of this scrap of marshland the size of Gibraltar, but largely operating online, it’s a Web-3 nation: businesses unfettered from regulation, a skeleton state providing only basic protections, and “citizens” issued with voting credits based on the amount of voluntary tax paid. Story continues Never mind that none of those would-be citizens actually live in Liberland — instead there is a handful of activists moored downstream on a houseboat, under the close supervision of the Croatian police. Never mind that its diplomacy is rather more limited than Jedlička suggests, with the citizens of Malawi recently ridiculing their government for getting involved with a nation that is never likely to exist. The President is always ready with a litany of soon-to-be realised projects and promises, hinting at deals and meetings with billionaires and politicians. The crash in the crypto market is a blip; a Liberland houseboat has been torched, but there will be an insurance payout. Every potential threat is recast as proof his project will succeed. We first meet in a half-finished holiday camp Jedlička has purchased on the Serbian side of the river. And there is a clear tension between this “eco-village” (a “diaspora” site where Liberland’s first “settlers” will train in survival and negotiation skills) and his Serbian supporters’ frustration at the lack of a clear business plan. But, even if its “ambassadors” are paid lobbyists or random Bitcoin enthusiasts, Liberland does have more political reach than other libertarian micronations. This is partly a product of Jedlička’s gregarious personality, which has kept the project alive since it began in 2015. Due to an arcane, post-Yugoslavian boundary dispute, neither Serbia nor Croatia prefer to lay claim to the 7km 2 of territory, leaving it — Jedlička says — “terra nullia” for the taking. (The Croatian authorities disagree, tolerating the Liberlanders’ presence on their territory, but denying them access to the contested patch of land.) But this reach is also thanks to the political moment into which Jedlička announced his project. The conservative Czech politician found a natural home in the heady world of Web-3 technologies, securing capital backing (through cryptocurrency investments) and the means to place Liberland’s constitution on the blockchain in perpetuity. He generated a growing, global interest in his ultra-libertarian vision — resulting in collaborations with big-name architects, the Polkadot cryptocurrency development fund, and a host of global Bitcoin fans, including the Liberian (not Liberlandian) Consul General to Dubai, currently living on a barge just outside the UAE in imitation of Liberland’s ideals. For Jedlička, these international supporters “understand the economic potential of a truly free zone in the European Union… they like the vision, and want to watch”. He presents it as “combining aspects of the most successful states to date”, bringing together Singapore-style meritocracy, the town-hall democracy of early America, and the low-tax environment of European microstates such as Monaco or Liechtenstein. In practice, such a system would face immediate issues. As we ride rickety bikes along the course of the Danube, Jedlička says he prefers the “right to set up a lemonade stand in the street over the right to cycle down it naked”, suggesting that the freedom to practice business should trump personal liberties. Yet this approach opens the door to all manner of abuses, since those individuals or businesses able to spend the most money will also be able to determine law and policy, by securing the most voting credits. Already, in Serbia’s Liberland-linked tourist village, a promised wage of €600 a month has proved insufficient to retain the skilled workers needed to complete the camp, leaving it half-finished. The “non-aggression principle” proposed to prevent direct physical harm between Liberland citizens offers no protection of basic rights. There is no health or social care, workplace protections or minimum wage. To the Liberland activists, “welfare state” is a dirty word. Other liberties would also come under threat. The project has been troubled from the outset by the question of whether free movement of peoples would be allowed, with Liberlanders congregated in the Serbian eco-village mocking the emailed residency applications of confused Middle Easterners who mistake the country for a real polity. While Jedlička generally presents an optimistic, modernising political model, Serbian supporters who drove up from Belgrade to visit their President describe themselves as proud “conspiracy theorists”. And this isn’t libertarian trolling: they cite the Protocols of the Elders of Zion and Ku Klux Klan associate Albert Pike in arguing that the world faces an imminent race war orchestrated by the same Jewish New World Order they allege was behind the Holocaust. Given no-one actually lives in Liberland, Jedlička is free to place his trust in a notional citizens’ veto to prevent abuses of rights. But it remains unclear how a clash between libertarian ideals of free movement and the survivalist, white-nationalist inclinations of many its followers would be avoided. Jedlička is able to evade these issues through a mixture of blind confidence and the fact that his project exists only on paper — or on blockchain. A fully-fledged Liberland would resemble real-world microstates, in that it would rely on either the continued “mining” of cryptocurrencies or on accommodating international capital as a tax haven. Quoting a sympathetic, Belgrade-based think tank, Jedlička suggests a tax haven on the Danube would bring a GDP boost to neighbouring states. But other libertarian projects have failed following local opposition: the 1972 “Republic of Minerva”, an attempt to establish a microstate on reclaimed land in the ocean near Tonga, came a cropper when locals decided not to allow rich Westerners to enjoy a tax-free oasis at the expense of their fishing rights. More recently, a “seasteading” project which aimed to establish a floating utopia near Tahiti, initially backed by libertarian billionaire Peter Thiel, met a similar fate, collapsing following angry protests from locals opposing a “megalomaniacal” project with no clear benefit to the local economy. Recent attempts to establish crypto-friendly communities of expats in Puerto Rico and Central America have also foundered. Notoriously, El Salvador has witnessed a protracted effort by its president, Nayib Bukele, to force locals into using Bitcoin, while attrac Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $589,669,522,300 - Hash Rate: 415390536.6194682 - Transaction Count: 595145.0 - Unique Addresses: 732664.0 Social & AI Sentiment: - Fear & Greed Index: 0.57 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Fidelity, the investment management company with $4.5 trillion in assets under management, hassubmitted paperworkfor the Wise Origin Bitcoin Trust, a spotBitcoinETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust. The US Securities and Exchange Commission (SEC) had earlier denied Fidelity's application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications sinceBlackRock's spot ETF filingon June 15,while Ark Investhas modified its prior filing and is in front of the pack. Fidelity's paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation. Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,BTCremains around the $30.5K level after the news.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["A new protocol that lets people create and share digital objects on Ethereum has hit a major setback, according to its creator, who said the Ethscriptions main marketplace had been hacked. Launched last month by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a novel way to create Ethereum assets that leverage transaction “calldata” to write non-financial data to the network’s blockchain. The Ethscriptions’ protocol itself and other applications that tap the technology haven’t been impacted, Lehman said. Yet, a sizable number of Ethscriptions listed on Ethscriptions.com have been stolen, Lehman said on Twitter on Friday. “About 123 individual addresses lost a total of about 202 ethscriptions in this exploit,” he said. “Any young protocol will have bumpy landings, but this is definitely not what I meant.” https://t.co/ZcR9HKlexS Marketplace Security Incident Update In this Tweet I’m going to walk you through how the exploit happened and what we are doing about it. First, to be clear, this was not a vulnerability in the Ethscriptions Protocol. This was a vulnerability in one… pic.twitter.com/i5Q0W2PRMQ — Middlemarch (@dumbnamenumbers) July 12, 2023 In terms of value, it’s unclear exactly how much was lost in connection with the exploit. But according to data from NFT marketplace OpenSea , some inscriptions have sold for as much as 5 Ethereum or around $9,600 in the past month. Lehman told Decrypt that, regarding the Ethscriptions lost, “it’s all terrible,” but he specifically lamented the theft of Ethscription #56 , describing it as “brutal” and pointing to the rarity often ascribed to earlier artifacts. The exploit also has a particular sting, Lehman said, because it was meant to serve as an example that other marketplaces building out support for Ethscriptions could lean on. Story continues “The purpose of the marketplace was basically to help show other people how to create marketplaces and help build an ecosystem,” he said. “Unfortunately, we fell on our face in that area.” Lehman claimed responsibility for the failure, explaining the exploit could be traced to a smart contract that he and Indelible Labs co-founder Michael Hirsch created. A snippet of code allowed people to withdraw Ethscriptions that they didn't own from the marketplace. “Part of the challenge with this new protocol is that you save a bunch of money from limiting the use of smart contract storage, but then you have to be more strategic surrounding how you use contracts in cases like marketplaces,” he said. “You have to figure out a way to either give smart contracts information or make it so smart contracts don’t need that information.” The Ethscriptions.com marketplace will be relaunched once necessary changes are made to the protocol itself, according to Lehman, who said he’s been in contact with many of those impacted by the exploit. He praised them on Twitter as “the earliest adopters” of the Ethscriptions protocol. Ethscriptions are distinct compared to traditional NFTs, stored in transaction-level data as opposed to being tokens issued on Ethereum by smart contracts, like in the case of the ERC-721 token standard. According to a Dune Analytics dashboard , around 474,000 Ethscriptions have been created so far. The protocol’s emergence follows Ordinals’ rise in popularity, used for creating NFT-like assets on Bitcoin, which has led to a new wave of experimentation with crypto’s oldest coin. Lehman drew attention to the exploit on July 14. Days later, a disclaimer about the impacted state of the marketplace remains. A warning on Ethscriptions.com reads, “There is an issue with the marketplace contract! Withdraw your Ethscriptions and do not create new listings!”", "A new protocol that lets people create and share digital objects on Ethereum has hit a major setback, according to its creator, who said the Ethscriptions main marketplace had been hacked. Launched last month by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a novel way to create Ethereum assets that leverage transaction “calldata” to write non-financial data to the network’s blockchain. The Ethscriptions’ protocol itself and other applications that tap the technology haven’t been impacted, Lehman said. Yet, a sizable number of Ethscriptions listed on Ethscriptions.com have been stolen, Lehman said on Twitter on Friday. “About 123 individual addresses lost a total of about 202 ethscriptions in this exploit,” he said. “Any young protocol will have bumpy landings, but this is definitely not what I meant.” https://t.co/ZcR9HKlexS Marketplace Security Incident Update In this Tweet I’m going to walk you through how the exploit happened and what we are doing about it. First, to be clear, this was not a vulnerability in the Ethscriptions Protocol. This was a vulnerability in one… pic.twitter.com/i5Q0W2PRMQ — Middlemarch (@dumbnamenumbers) July 12, 2023 In terms of value, it’s unclear exactly how much was lost in connection with the exploit. But according to data from NFT marketplace OpenSea , some inscriptions have sold for as much as 5 Ethereum or around $9,600 in the past month. Lehman told Decrypt that, regarding the Ethscriptions lost, “it’s all terrible,” but he specifically lamented the theft of Ethscription #56 , describing it as “brutal” and pointing to the rarity often ascribed to earlier artifacts. The exploit also has a particular sting, Lehman said, because it was meant to serve as an example that other marketplaces building out support for Ethscriptions could lean on. Story continues “The purpose of the marketplace was basically to help show other people how to create marketplaces and help build an ecosystem,” he said. “Unfortunately, we fell on our face in that area.” Lehman claimed responsibility for the failure, explaining the exploit could be traced to a smart contract that he and Indelible Labs co-founder Michael Hirsch created. A snippet of code allowed people to withdraw Ethscriptions that they didn't own from the marketplace. “Part of the challenge with this new protocol is that you save a bunch of money from limiting the use of smart contract storage, but then you have to be more strategic surrounding how you use contracts in cases like marketplaces,” he said. “You have to figure out a way to either give smart contracts information or make it so smart contracts don’t need that information.” The Ethscriptions.com marketplace will be relaunched once necessary changes are made to the protocol itself, according to Lehman, who said he’s been in contact with many of those impacted by the exploit. He praised them on Twitter as “the earliest adopters” of the Ethscriptions protocol. Ethscriptions are distinct compared to traditional NFTs, stored in transaction-level data as opposed to being tokens issued on Ethereum by smart contracts, like in the case of the ERC-721 token standard. According to a Dune Analytics dashboard , around 474,000 Ethscriptions have been created so far. The protocol’s emergence follows Ordinals’ rise in popularity, used for creating NFT-like assets on Bitcoin, which has led to a new wave of experimentation with crypto’s oldest coin. Lehman drew attention to the exploit on July 14. Days later, a disclaimer about the impacted state of the marketplace remains. A warning on Ethscriptions.com reads, “There is an issue with the marketplace contract! Withdraw your Ethscriptions and do not create new listings!”", 'Good morning. Here’s what’s happening:\nPrices:Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K.\nInsights:The robust influx into Toronto\'s Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies with pending BTC applications with the SEC.\nCoinDesk Market Index (CMI)\n1,268\n−4.5▼0.4%\nBitcoin (BTC)\n$30,298\n+11.7▲0.0%\nEthereum (ETH)\n$1,927\n−5.2▼0.3%\nS&P 500\n4,505.42\n−4.6▼0.1%\nGold\n$1,958\n−2.5▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,268", "\\u22124.5\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,298", "+11.7\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,927", "\\u22125.2\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,505.42", "\\u22124.6\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Above $30K\nAs Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark.\nThe world’s largest digital asset is currently at $30,298, flat over the last 24 hours,according to CoinDesk data, whileether is also changing hands sideways at $1,927.\nLast week’s unexpected rally in crypto prices came from afavorable rulinga court handed down in the Ripple-SEC case, but Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said in a note that after the market overheated and “corrections are to be expected”.\nDiPasquale wrote that if there is a correction, “we are unlikely to see Bitcoin trading below $27K for long” and the “market is likely to consolidate around the current zone for now.”\nThe question is, where does the market go from here? Last week was already a busy week with the scheduled economic data releases, and became even more so with market movement from the XRP-led altcoin rally.\n“Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week\'s price movement, their enthusiasm to participate in the market is likely to increase.”\nCurrently, despite fewer short positions, Bitcoin\'s price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins\' trading volumes are set to increase.\nData from Coinglassshows that the number of short positions are climbing steadily in the early hours of Asia’s Monday business day, with$21 million in long positions liquidatedin the last 12 hours versus $8.21 million in short positions.\nThis could be part of a consolidation move to maintain bitcoin at the $30,000 mark, instead of allowing it to breakaway and move upwards.\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.5%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.7%", "DACS Sector": "Computing"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22123.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Rising Flows Into Purpose’s Spot Bitcoin ETF Mean?\nAn approval of a spot bitcoin ETF by the Securities and Exchange Commission (SEC)is looking likely, and an optimistic marketmeans bitcoin is rallying.\nIf – or when – the SEC finally approves a spot bitcoin ETF it won\'t be the world’s first, however. That honor goes to Ontario, Canada, where Purpose Investments holds the title of having the world’s first bitcoin ETF, beingapproved by the Ontario Securities Commissionin 2021.\nGlassnodeflow datashows that investors continue to pile into Purpose’s bitcoin ETF, BTCC, with a next 5638 BTC moving in the ETF in June and July. This growth has not only given Purpose a head-start on potential competition, but more importantly, strongly suggests a voracious appetite among average investors for a spot ETF bitcoin product.\nData from Factset shows that BTCC, the largest of Ontario’s bitcoin ETFs, is almost entirely held by retail traders, with only 0.03% institutional ownership – one single firm called Yorkville Asset Management.\nWith these two data points, it’s safe to say that retail enthusiasm for bitcoin as an ETF-grade asset is vibrant. Being a first mover has a significant advantage.\nAlmost all Canadian brokerages have access to U.S. listed stocks, while U.S. availability of Canadian stocks is limited. Or, one can put it like this: Canadians could easily ditch Toronto-listed BTCC and buy U.S. spot bitcoin ETFs, but American retail traders aren’t really buying up north.\nWhich is why this continued fund flow is interesting. It demonstrates that there’s a huge advantage for being first in this market, as the customer base isn’t likely going to be moving to the competition. Rather, they are buying more.\nDuring a recent interviewonETF.com’s Exchange Traded Fridays, 21Shares’ Ophelia Snyder spoke about this first-mover advantage.\nWithin the market for bitcoin futures ETFs, “the difference between the first market and the second market was a couple of days, and the first-place product has about a billion dollars in assets, while the second place has less than 100 million,” she said.\nNobody expects a Toronto-listed ETF to have larger assets under management than a U.S. counterpart. But with $852.5 million USD ($1.1 billion CAD) in AUM, Purpose’s BTCC is no slouch, and it\'s still growing.\nYet Purpose’s first-mover advantage is hardly likely to be winner-take-all.\nEthereum Community Conference\n10 a.m. HKT/SGT(2 a.m. UTC):China Gross Domestic Project (June/MoM/YoY)\n10 a.m. HKT/SGT(2 a.m. UTC):China Industrial Production (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Surges After Court Ruling; Ex-Celsius CEO Mashinsky\'s Bail Set at $40M\nXRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and attorney Alex Damsker shared their respective legal opinions on Ripple\'s partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discussed his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace.\nCrypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil:“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.\nXRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets:Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory.\nRipple\'s Legal Win Means It\'s Time for Crypto to Stand Up to the SEC:The company\'s partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues.\nHollywood’s Angry Creators Show Why Web3 Is Needed:Web2 economics don’t work for artists and writers, says CoinDesk\'s Michael Casey.\nTransparency for the Whales, Privacy for the Plebs:Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Good morning. Here’s what’s happening: Prices: Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K. Insights: The robust influx into Toronto\'s Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies with pending BTC applications with the SEC. Prices CoinDesk Market Index (CMI) 1,268 −4.5 ▼ 0.4% Bitcoin (BTC) $30,298 +11.7 ▲ 0.0% Ethereum (ETH) $1,927 −5.2 ▼ 0.3% S&P 500 4,505.42 −4.6 ▼ 0.1% Gold $1,958 −2.5 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,268 −4.5 ▼ 0.4% Bitcoin (BTC) $30,298 +11.7 ▲ 0.0% Ethereum (ETH) $1,927 −5.2 ▼ 0.3% S&P 500 4,505.42 −4.6 ▼ 0.1% Gold $1,958 −2.5 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Steady Above $30K As Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark. The world’s largest digital asset is currently at $30,298, flat over the last 24 hours, according to CoinDesk data , while ether is also changing hands sideways at $1,927 . Last week’s unexpected rally in crypto prices came from a favorable ruling a court handed down in the Ripple-SEC case, but Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said in a note that after the market overheated and “corrections are to be expected”. DiPasquale wrote that if there is a correction, “we are unlikely to see Bitcoin trading below $27K for long” and the “market is likely to consolidate around the current zone for now.” The question is, where does the market go from here? Last week was already a busy week with the scheduled economic data releases, and became even more so with market movement from the XRP-led altcoin rally. Story continues “Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week\'s price movement, their enthusiasm to participate in the market is likely to increase.” Currently, despite fewer short positions, Bitcoin\'s price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins\' trading volumes are set to increase. Data from Coinglass shows that the number of short positions are climbing steadily in the early hours of Asia’s Monday business day, with $21 million in long positions liquidated in the last 12 hours versus $8.21 million in short positions. This could be part of a consolidation move to maintain bitcoin at the $30,000 mark, instead of allowing it to breakaway and move upwards. Biggest Gainers Asset Ticker Returns DACS Sector Stellar XLM +4.5% Smart Contract Platform XRP XRP +4.5% Currency Solana SOL +1.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −3.8% Smart Contract Platform Chainlink LINK −3.7% Computing Avalanche AVAX −3.5% Smart Contract Platform Insights What Do Rising Flows Into Purpose’s Spot Bitcoin ETF Mean? An approval of a spot bitcoin ETF by the Securities and Exchange Commission (SEC) is looking likely , and an optimistic market means bitcoin is rallying . If – or when – the SEC finally approves a spot bitcoin ETF it won\'t be the world’s first, however. That honor goes to Ontario, Canada, where Purpose Investments holds the title of having the world’s first bitcoin ETF, being approved by the Ontario Securities Commission in 2021. Glassnode flow data shows that investors continue to pile into Purpose’s bitcoin ETF, BTCC, with a next 5638 BTC moving in the ETF in June and July. This growth has not only given Purpose a head-start on potential competition, but more importantly, strongly suggests a voracious appetite among average investors for a spot ETF bitcoin product. (Glassnode) Data from Factset shows that BTCC, the largest of Ontario’s bitcoin ETFs, is almost entirely held by retail traders, with only 0.03% institutional ownership – one single firm called Yorkville Asset Management. With these two data points, it’s safe to say that retail enthusiasm for bitcoin as an ETF-grade asset is vibrant. Being a first mover has a significant advantage. Almost all Canadian brokerages have access to U.S. listed stocks, while U.S. availability of Canadian stocks is limited. Or, one can put it like this: Canadians could easily ditch Toronto-listed BTCC and buy U.S. spot bitcoin ETFs, but American retail traders aren’t really buying up north. Which is why this continued fund flow is interesting. It demonstrates that there’s a huge advantage for being first in this market, as the customer base isn’t likely going to be moving to the competition. Rather, they are buying more. During a recent interview on ETF.com ’s Exchange Traded Fridays, 21Shares’ Ophelia Snyder spoke about this first-mover advantage. Within the market for bitcoin futures ETFs, “the difference between the first market and the second market was a couple of days, and the first-place product has about a billion dollars in assets, while the second place has less than 100 million,” she said. Nobody expects a Toronto-listed ETF to have larger assets under management than a U.S. counterpart. But with $852.5 million USD ($1.1 billion CAD) in AUM, Purpose’s BTCC is no slouch, and it\'s still growing. Yet Purpose’s first-mover advantage is hardly likely to be winner-take-all. Important events. Ethereum Community Conference 10 a.m. HKT/SGT(2 a.m. UTC): China Gross Domestic Project (June/MoM/YoY) 10 a.m. HKT/SGT(2 a.m. UTC): China Industrial Production (June/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : XRP Surges After Court Ruling; Ex-Celsius CEO Mashinsky\'s Bail Set at $40M XRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and attorney Alex Damsker shared their respective legal opinions on Ripple\'s partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discussed his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace. Headlines Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil: “Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said. XRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets: Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory. Ripple\'s Legal Win Means It\'s Time for Crypto to Stand Up to the SEC: The company\'s partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues. Hollywood’s Angry Creators Show Why Web3 Is Needed: Web2 economics don’t work for artists and writers, says CoinDesk\'s Michael Casey. Transparency for the Whales, Privacy for the Plebs: Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy .', 'Good morning. Here’s what’s happening:\nPrices:Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K.\nInsights:The robust influx into Toronto\'s Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies with pending BTC applications with the SEC.\nCoinDesk Market Index (CMI)\n1,268\n−4.5▼0.4%\nBitcoin (BTC)\n$30,298\n+11.7▲0.0%\nEthereum (ETH)\n$1,927\n−5.2▼0.3%\nS&P 500\n4,505.42\n−4.6▼0.1%\nGold\n$1,958\n−2.5▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,268", "\\u22124.5\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,298", "+11.7\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,927", "\\u22125.2\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,505.42", "\\u22124.6\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Above $30K\nAs Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark.\nThe world’s largest digital asset is currently at $30,298, flat over the last 24 hours,according to CoinDesk data, whileether is also changing hands sideways at $1,927.\nLast week’s unexpected rally in crypto prices came from afavorable rulinga court handed down in the Ripple-SEC case, but Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said in a note that after the market overheated and “corrections are to be expected”.\nDiPasquale wrote that if there is a correction, “we are unlikely to see Bitcoin trading below $27K for long” and the “market is likely to consolidate around the current zone for now.”\nThe question is, where does the market go from here? Last week was already a busy week with the scheduled economic data releases, and became even more so with market movement from the XRP-led altcoin rally.\n“Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week\'s price movement, their enthusiasm to participate in the market is likely to increase.”\nCurrently, despite fewer short positions, Bitcoin\'s price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins\' trading volumes are set to increase.\nData from Coinglassshows that the number of short positions are climbing steadily in the early hours of Asia’s Monday business day, with$21 million in long positions liquidatedin the last 12 hours versus $8.21 million in short positions.\nThis could be part of a consolidation move to maintain bitcoin at the $30,000 mark, instead of allowing it to breakaway and move upwards.\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.5%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.7%", "DACS Sector": "Computing"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22123.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Rising Flows Into Purpose’s Spot Bitcoin ETF Mean?\nAn approval of a spot bitcoin ETF by the Securities and Exchange Commission (SEC)is looking likely, and an optimistic marketmeans bitcoin is rallying.\nIf – or when – the SEC finally approves a spot bitcoin ETF it won\'t be the world’s first, however. That honor goes to Ontario, Canada, where Purpose Investments holds the title of having the world’s first bitcoin ETF, beingapproved by the Ontario Securities Commissionin 2021.\nGlassnodeflow datashows that investors continue to pile into Purpose’s bitcoin ETF, BTCC, with a next 5638 BTC moving in the ETF in June and July. This growth has not only given Purpose a head-start on potential competition, but more importantly, strongly suggests a voracious appetite among average investors for a spot ETF bitcoin product.\nData from Factset shows that BTCC, the largest of Ontario’s bitcoin ETFs, is almost entirely held by retail traders, with only 0.03% institutional ownership – one single firm called Yorkville Asset Management.\nWith these two data points, it’s safe to say that retail enthusiasm for bitcoin as an ETF-grade asset is vibrant. Being a first mover has a significant advantage.\nAlmost all Canadian brokerages have access to U.S. listed stocks, while U.S. availability of Canadian stocks is limited. Or, one can put it like this: Canadians could easily ditch Toronto-listed BTCC and buy U.S. spot bitcoin ETFs, but American retail traders aren’t really buying up north.\nWhich is why this continued fund flow is interesting. It demonstrates that there’s a huge advantage for being first in this market, as the customer base isn’t likely going to be moving to the competition. Rather, they are buying more.\nDuring a recent interviewonETF.com’s Exchange Traded Fridays, 21Shares’ Ophelia Snyder spoke about this first-mover advantage.\nWithin the market for bitcoin futures ETFs, “the difference between the first market and the second market was a couple of days, and the first-place product has about a billion dollars in assets, while the second place has less than 100 million,” she said.\nNobody expects a Toronto-listed ETF to have larger assets under management than a U.S. counterpart. But with $852.5 million USD ($1.1 billion CAD) in AUM, Purpose’s BTCC is no slouch, and it\'s still growing.\nYet Purpose’s first-mover advantage is hardly likely to be winner-take-all.\nEthereum Community Conference\n10 a.m. HKT/SGT(2 a.m. UTC):China Gross Domestic Project (June/MoM/YoY)\n10 a.m. HKT/SGT(2 a.m. UTC):China Industrial Production (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Surges After Court Ruling; Ex-Celsius CEO Mashinsky\'s Bail Set at $40M\nXRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and attorney Alex Damsker shared their respective legal opinions on Ripple\'s partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discussed his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace.\nCrypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil:“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.\nXRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets:Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory.\nRipple\'s Legal Win Means It\'s Time for Crypto to Stand Up to the SEC:The company\'s partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues.\nHollywood’s Angry Creators Show Why Web3 Is Needed:Web2 economics don’t work for artists and writers, says CoinDesk\'s Michael Casey.\nTransparency for the Whales, Privacy for the Plebs:Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Having slipped over the weekend, Bitcoin rose to trade at over US$30,300 on Monday morning in Asia. The price has now reverted to around the level posted last Thursday \x97 prior to XRP issuer Ripple\x92s favorable ruling in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The partial victory led to significant gains for a number of top 10 non-stablecoin cryptocurrencies, with XRP still leading the gains. U.S. stock futures edged lower as investors await earnings reports from major banks. Bitcoin falls back Bitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according to data from CryptoMarketCap. However, the world\x92s largest cryptocurrency was trading at\xa0around US$31,300 early Saturday morning. Following that weekend high, the token\x92s price reverted to roughly its pre-Ripple ruling level. In a summary judgment Thursday, New York Southern District Court Judge Analisa Torres ruled that Ripple\x92s programmatic sales of the XRP token on public exchanges do not constitute securities. The regulator first sued the San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020. The ruling was deemed something of a partial victory for Ripple, however, as the court ruled that XRP sales to institutional investors did violate securities laws. \x93There will be further court proceedings on that part \x85 It is also not yet known if the SEC will appeal to the ruling,\x94 said Caroline Bowler, CEO of Australia-based crypto exchange BTC Markets, in emailed comments. Therefore, there remains the \x93potential for more insecurity ahead for Ripple,\x94 Bowler added. Nonetheless, Ripple Labs\x92 XRP led the gainers Monday morning in Asia. It rose 5.58% to US$0.7577 for a weekly surge of 61.56%. Meanwhile, the SEC has added BlackRock\x92s application for a spot Bitcoin exchange-traded fund (ETF) to its official docket . That decision means that the regulator will now review the proposal in a serious manner. Story continues Blackrock, the world\x92s largest asset manager with over US$9 trillion in assets, filed the application a little less than a month ago. The move saw the token\x92s value breach the US$31,000 resistance level earlier this month as multiple major asset managers followed suit with similar ETF proposals. Ether also gained 0.20% to US$1,934.09, rising 3.81% in the past seven days. Other top 10 non-stablecoin cryptocurrencies were mixed. The day\x92s biggest losses were logged by Dogecoin, which dipped 2.53% to US$0.07. However, the token still recorded gains of 6.89% for the week. Cardano\x92s ADA also fell 2.52% to US$0.3185, limiting the coin\x92s weekly gain to 12.08%. Similarly, Binance\x92s BNB lost 2.43% to US$244.95. It is nonetheless trading at 4.68% higher than a week ago. The total crypto market capitalization rose 0.16% in the past 24 hours to US$1.22 trillion, while trading volume fell 11.97% to US$24.91 billion. Token-gated access for the super-rich and The Flash via NFT The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the main Forkast 500 NFT index edged up 0.50% in the past 24 hours to 2,736.37 as of 09:30 a.m. in Hong Kong. However, the index is down 0.40% for\xa0 the week. Forkast\x92s Solana and Cardano NFT market indices also moved higher, while the Ethereum and Polygon indices dropped. \x93NFTs continue to ride the wave of positive news and positive prices in crypto,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93However we\x92re not seeing any noteworthy gains in projects and instead most of the big names are still down for the past 7 days.\x94 That is despite some large CryptoPunk and Bored Ape Yacht Club (BAYC) sales in the past week. Those sales included BAYC #1734, which sold for $1.2m (600ETH), CryptoPunk #8531 for $1m (550 ETH), and CryptoPunk #9476 for $403k (217.5 ETH). \x93Big sales sometimes trickle liquidity to other projects, but in this case, the seller may be pocketing their gains or investing in crypto, where opportunities seem brighter at the moment,\x94 Petscher said. In the past 24 hours, the total NFT transaction volume dipped 10.93% to US$16.58 million, according to data from CryptoSlam . ImmutableX\x92s Gods Unchained Cards, the collection of NFTs used in Immutable\x92s trading card game of the same name, topped the 24-hour transaction volume, despite edging down 0.43% to US$690,896. Ethereum-based NFT staple BAYC placed second in Cryptoslam\x92s collections ranking. Its total transaction volume rose 1.34% to US$660,415 in the past 24 hours. Bored Ape creator Yuga Labs announced last week that it will hold ApeFest \x97 a celebratory event of its successful NFT collections \x97 in Hong Kong in November. ApeFest is going global. Hong Kong. Nov 3-5, 2023. https://t.co/Fxgb7RuVek pic.twitter.com/X2QVVd7Qxr \x97 Bored Ape Yacht Club (@BoredApeYC) July 13, 2023 Meanwhile, non-blockchain sectors are also displaying increased NFT activity. . Indosuez, the global wealth management subsidiary of major French bank Crédit Agricole, launched a private NFT membership club last week named Le Clu3. The club will cater to super-rich clients by offering token-gated access to secret sections of its website, among other otherwise off-limits experiences. Crédit Agricole had roughly US$2.712 trillion in assets under management in 2022. Elsewhere, Warner Bros. Discovery, Inc. \x97 the American entertainment conglomerate with over US$30 billion in market capitalization \x97 has announced that it will launch its upcoming superhero film \x93The Flash\x94 via NFT. The launch is hosted by the Eluvio blockchain and will allow user access to the film itself, collectibles, bonus features and character artwork. It\x92s official, The Flash is the first new release movie to hit the blockchain! pic.twitter.com/sScukkA6Fw \x97 Warner Bros. Digital Collectibles (@WarnerBrosNFT) July 14, 2023 Stock futures reflect positive investor sentiment Image: Envato Elements U.S. stock futures edged down by less than 0.1% as of 11:50 a.m. in Hong Kong after the three major U.S. indexes closed mixed in regular Friday trading. The three indexes all rose by around 2% to 3% last week. Following the latest release of U.S. inflation data on July 12, which came in softer than expected, investors are hopeful that the U.S. Federal Reserve\x92s extended round of interest rate hikes may soon draw to a close. However, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro, believes that recent positive investor sentiment may backfire. \x93The Fed has made sharp reversals before, but always after a spike in market volatility,\x94 Kuptsikevich said. \x93Steadily rising stock prices are more likely to spur the central bank to tighten monetary policy further,\x94 he added. The Fed is still looking to add more to its current interest rate of 5% to 5.25%. Christopher Waller, a member of the Federal Reserve Board of Governors, said last week at an event hosted by New York University that the central bank will need to enact two more 25-basis-point rate increases this year to tame inflation. \x93The robust strength of the labor market and the solid overall performance of the U.S. economy gives us room to tighten policy further,\x94 Waller said during the speech. \x93If inflation does not continue to show progress and there are no suggestions of a significant slowdown in economic activity, then a second 25-basis-point hike should come sooner rather than later, but that decision is for the future,\x94 Waller continued. The Federal Reserve meets on July 26 to discuss its next move on rates. The CME FedWatch Tool predicts a 96.1% chance the Fed will enact a 25-basis-point rate increase this month, up from 92.4% on Friday. Last week\x92s earnings reports from major U.S. banks JPMorgan, Wells Fargo and Citigroup added to the increasingly hopeful market sentiment. Investors now await reports from financial heavyweights including the Bank of America Corporation, Morgan Stanley & Co. and The Goldman Sachs Group. Earnings reports from Netflix, Tesla and United Airlines are also due Wednesday. Meanwhile, major stock indexes across Asia fell on Monday as China posted lower-than-expected economic growth of 6.3% for Q2. China\x92s Shanghai Composite, Japan\x92s Nikkei and South Korea\x92s Kospi all posted losses as of 12:00 p.m. in Hong Kong. (Updates to add equity section)', 'Having slipped over the weekend, Bitcoin rose to trade at over US$30,300 on Monday morning in Asia. The price has now reverted to around the level posted last Thursday — prior to XRP issuer Ripple’s favorable ruling in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The partial victory led to significant gains for a number of top 10 non-stablecoin cryptocurrencies, with XRP still leading the gains. U.S. stock futures edged lower as investors await earnings reports from major banks.\nBitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according todatafrom CryptoMarketCap.\nHowever, the world’s largest cryptocurrency was trading at\xa0around US$31,300 early Saturday morning. Following that weekend high, the token’s price reverted to roughly its pre-Ripple ruling level.\nIn asummary judgmentThursday, New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities. The regulator first sued the San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020.\nThe ruling was deemed something of apartial victoryfor Ripple, however, as the court ruled that XRP sales to institutional investors did violate securities laws.\n“There will be further court proceedings on that part … It is also not yet known if the SEC will appeal to the ruling,” said Caroline Bowler, CEO of Australia-based crypto exchange BTC Markets, in emailed comments. Therefore, there remains the “potential for more insecurity ahead for Ripple,” Bowler added.\nNonetheless, Ripple Labs’ XRP led the gainers Monday morning in Asia. It rose 5.58% to US$0.7577 for a weekly surge of 61.56%.\nMeanwhile, the SEC has added BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) to itsofficial docket. That decision means that the regulator will now review the proposal in a serious manner.\nBlackrock, the world’s largest asset manager with overUS$9 trillionin assets, filed the application a little less than a month ago. The move saw the token’s value breach the US$31,000 resistance level earlier this month as multiple major asset managers followed suit with similar ETF proposals.\nEther also gained 0.20% to US$1,934.09, rising 3.81% in the past seven days.\nOther top 10 non-stablecoin cryptocurrencies were mixed. The day’s biggest losses were logged by Dogecoin, which dipped 2.53% to US$0.07. However, the token still recorded gains of 6.89% for the week.\nCardano’s ADA also fell 2.52% to US$0.3185, limiting the coin’s weekly gain to 12.08%. Similarly, Binance’s BNB lost 2.43% to US$244.95. It is nonetheless trading at 4.68% higher than a week ago.\nThe total crypto market capitalization rose 0.16% in the past 24 hours to US$1.22 trillion, while trading volume fell 11.97% to US$24.91 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the main Forkast 500 NFT index edged up 0.50% in the past 24 hours to 2,736.37 as of 09:30 a.m. in Hong Kong. However, the index is down 0.40% for\xa0 the week. Forkast’s Solana and Cardano NFT market indices also moved higher, while the Ethereum and Polygon indices dropped.\n“NFTs continue to ride the wave of positive news and positive prices in crypto,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “However we’re not seeing any noteworthy gains in projects and instead most of the big names are still down for the past 7 days.”\nThat is despite some large CryptoPunk and Bored Ape Yacht Club (BAYC) sales in the past week. Those sales included BAYC #1734, which sold for $1.2m (600ETH), CryptoPunk #8531 for $1m (550 ETH), and CryptoPunk #9476 for $403k (217.5 ETH).\n“Big sales sometimes trickle liquidity to other projects, but in this case, the seller may be pocketing their gains or investing in crypto, where opportunities seem brighter at the moment,” Petscher said.\nIn the past 24 hours, the total NFT transaction volume dipped 10.93% to US$16.58 million, according to data fromCryptoSlam.\nImmutableX’s Gods Unchained Cards, the collection of NFTs used in Immutable’s trading card game of the same name, topped the 24-hour transaction volume, despite edging down 0.43% to US$690,896.\nEthereum-based NFT staple BAYC placed second in Cryptoslam’s collections ranking. Its total transaction volume rose 1.34% to US$660,415 in the past 24 hours. Bored Ape creator Yuga Labs announced last week that it will hold ApeFest — a celebratory event of its successful NFT collections — in Hong Kong in November.\nMeanwhile, non-blockchain sectors are also displaying increased NFT activity. .\nIndosuez, the global wealth management subsidiary of major French bank Crédit Agricole, launched a private NFT membership club last week named Le Clu3. The club will cater to super-rich clients by offeringtoken-gated accessto secret sections of its website, among other otherwise off-limits experiences. Crédit Agricole had roughlyUS$2.712 trillionin assets under management in 2022.\nElsewhere, Warner Bros. Discovery, Inc. — the American entertainment conglomerate with over US$30 billion inmarket capitalization— has announced that it will launch its upcoming superhero film “The Flash” via NFT. The launch is hosted by the Eluvio blockchain and will allow user access to the film itself, collectibles, bonus features and character artwork.\nU.S. stock futures edged down by less than 0.1% as of 11:50 a.m. in Hong Kong after the three major U.S. indexes closed mixed in regular Friday trading.\nThe three indexes all rose by around 2% to 3% last week. Following the latest release of U.S. inflation data on July 12, which came in softer than expected, investors are hopeful that the U.S. Federal Reserve’s extended round of interest rate hikes may soon draw to a close.\nHowever, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro, believes that recent positive investor sentiment may backfire.\n“The Fed has made sharp reversals before, but always after a spike in market volatility,” Kuptsikevich said. “Steadily rising stock prices are more likely to spur the central bank to tighten monetary policy further,” he added.\nThe Fed is still looking to add more to its current interest rate of 5% to 5.25%. Christopher Waller, a member of the Federal Reserve Board of Governors,saidlast week at an event hosted by New York University that the central bank will need to enact two more 25-basis-point rate increases this year to tame inflation.\n“The robust strength of the labor market and the solid overall performance of the U.S. economy gives us room to tighten policy further,” Waller said during the speech.\n“If inflation does not continue to show progress and there are no suggestions of a significant slowdown in economic activity, then a second 25-basis-point hike should come sooner rather than later, but that decision is for the future,” Waller continued.\nThe Federal Reserve meets on July 26 to discuss its next move on rates. TheCME FedWatchTool predicts a 96.1% chance the Fed will enact a 25-basis-point rate increase this month, up from 92.4% on Friday.\nLast week’s earnings reports from major U.S. banks JPMorgan, Wells Fargo and Citigroup added to the increasingly hopeful market sentiment. Investors now await reports from financial heavyweights including the Bank of America Corporation, Morgan Stanley & Co. and The Goldman Sachs Group. Earnings reports from Netflix, Tesla and United Airlines are also due Wednesday.\nMeanwhile, major stock indexes across Asia fell on Monday as China posted lower-than-expected economic growth of 6.3% for Q2. China’s Shanghai Composite, Japan’s Nikkei and South Korea’s Kospi all posted losses as of 12:00 p.m. in Hong Kong.\n(Updates to add equity section)', 'Having slipped over the weekend, Bitcoin rose to trade at over US$30,300 on Monday morning in Asia. The price has now reverted to around the level posted last Thursday — prior to XRP issuer Ripple’s favorable ruling in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The partial victory led to significant gains for a number of top 10 non-stablecoin cryptocurrencies, with XRP still leading the gains. U.S. stock futures edged lower as investors await earnings reports from major banks.\nBitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according todatafrom CryptoMarketCa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $587,496,884,025 - Hash Rate: 364471696.6467593 - Transaction Count: 428612.0 - Unique Addresses: 703876.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens. Most Asian equities were up, while U.S. stock futures were down, pressured by the possibility of the first-ever U.S. default by June 1, unless a deal is reached to raise the government’s US$31.4 trillion debt ceiling. See related article: Governments could access Ledger wallet private keys, says CEO Bitcoin and Ether lead gains Bitcoin rose 1.14% to US$26,512 in the 24 hours to 4:30 p.m. in Hong Kong, after declining below US$27,000 on Wednesday. Ether rose 1.69% to US$1,815. “Bitcoin has doubled in price since 2023 while the Fed has been doing quantitative tightening. It definitely makes sense for Bitcoin to consolidate and then reprice to a fair value,” Johnny Louey Crypto Researcher Analyst at LiquidityTech Protocol , wrote in a LinkedIn response to Forkast . “The next catalyst for Bitcoin will be the next Federal Open Market Committee meeting in June.” Positive regulatory developments are needed to reignite bullish market momentum, according to Maia Benzimra, head of institutional marketing at decentralized finance yield platform Spool . “If the week closes with Bitcoin above US$30,000, it’s a positive sign of an upward trend. [If it closes] below US$26,000, bearish sentiment may continue.” Litecoin was the day’s biggest gainer in the top 10, rising 3.21% to US$87.16, followed by the XRP token that gained 3.09% to US$0.463. The World Economic Forum released a white paper on crypto regulation Thursday, highlighting the necessity of crypto regulations and global cooperation to prevent ambiguity and inconsistent law enforcement. Ethereum NFT sales drop after two consecutive days of gains The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index fell 0.55% to 3,344.95 points in the 24 hours to 4:30 p.m. in Hong Kong and lost 1.36% during the week. Story continues Ethereum ’s 24-hour NFT sales dropped 25% to US$13.4 million, along with the Forkast ETH NFT Composite that rose 0.09% to 1,130.52 points. Sales for the largest Ethereum-based collection, the Bored Ape Yacht Club , fell 48.16% to 1.06 million. 24-hour sales for Milady Maker also fell 11.69% to US$678,420. Yet, NFT sales on Bitcoin rose 23.76% to US$2.4 million, as 24-hour sales for $ORDI BRC-20 NFTs increased 1.37% to US$443,336, according to CryptoSlam . Looking at the most notable NFT purchase of the past 24 hours, $ORDI BRC-20 NFT #05bbe8 sold for US$339,437 at 2:33 p.m. Hong Kong time. Asian equities rise, U.S. futures slip on looming fears of a governmental default Most Asian equities strengthened on Friday, except Hong Kong’s Hang Seng Index that declined for a second consecutive day to a two-month low. Japan’s Nikkei 225 rose 0.37%, the Shanghai Composite rose 0.35% and the Shenzhen Component Index inched up 0.22%. Hong Kong’s Hang Seng Index dropped 1.93%. Global investor sentiment was weighed down by fears that the U.S. will fail to reach an agreement on raising its US$31.4 trillion debt, which could lead to a default by June 1. Lawmakers on both sides of the aisle are closing in on a deal that would raise the debt ceiling for two years while capping spending on most items. The parties are just US$70 billion apart on a total sum that would exceed US$1 trillion, an unnamed source told Reuters on Thursday . U.S. stock futures fell as of 4:30 p.m. in Hong Kong. The Dow Jones Industrial Average futures fell 0.2%, the S&P 500 futures index slipped 0.19% and the tech-heavy Nasdaq-100 futures inched down 0.025%. The U.S. dollar inched up 0.19% to near a two-month high of 104 points, set for its third straight weekly advance bolstered by expectations that U.S. interest rates will remain high for longer than expected. The euro gained 0.16% to US$1.07. Gold rose 0.69% to US$1,950 an ounce on Friday, but appeared to be heading for its third consecutive weekly decline, weighed by a rising dollar and expectations of elevated U.S. interest rates. See related article: Big buys fail to lift NFT markets as regulatory uncertainty weighs heavy on crypto... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['An ESG focused-fund manager is challenging claims from the environmental non-profit GreenpeaceUSA that Bitcoin mining is a major source of pollution and societal harm. In a report published last Tuesday, GreenpeaceUSA called on Bitcoin-friendly financial services companies—including BlackRock , Fidelity, JPMorgan, and others—to denounce Bitcoin’s “climate destruction” and encourage a code change to a “cleaner protocol” that obviates the mining industry. “All of these companies have connections to Bitcoin and have failed to take meaningful action to solve the problem despite making climate and sustainability pledges,” GreenpeaceUSA wrote. It\'s a view rejected by CH4 Capital co-founder Daniel Batten, who argues that Bitcoin is a force for environmental healing, rather than harm. “There is a growing weight of evidence from those most qualified to make the assessment to suggest that Bitcoin mining helps build out the renewable grid,” Batten wrote in a formal rebuttal to GreenpeaceUSA on Sunday. He cited Brad Jones, former interim CEO of the Electric Reliability Council of Texas (ERCOT), who has spoken about Bitcoin’s ability to make renewable energy operators more profitable, fundable, and stable. Lone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President According to Batten, many of the facts and figures used by GreenpeaceUSA to demonstrate Bitcoin’s environmental harm were misleading, if not outright false. GreenpeaceUSA "uses unsubstantiated fear about \'what might happen\' rather than evidence," he writes, saying the report is "filled with emotive language." For example, GreenpeaceUSA claimed that the mining industry is “mostly powered mostly by coal.” In fact, Batten notes, there are 41 known sustainably powered mining operations, and only one operation still uses a coal-related product. Furthermore, unlike the environmental activist group\'s claim that Bitcoin’s “climate destruction” would “accelerate” if left unchecked, Batten presented data showing that Bitcoin’s emissions are actually falling over time. Story continues “Emissions are falling despite rising hashrate due to decimation of mining in Kazakhstan and other coal-based grids,” explained Batten in a message to Decrypt . Such miners, he said, have relocated to more sustainably powered grids like those in Texas. He also cited individual public mining companies, such as Marathon , which have moved their facilities from a coal-based to wind-based standard, alongside “ flare-gas mining that reduces the overall net emissions of the bitcoin network.” Batten’s fund specifically invests in companies that aim to mine Bitcoin using purified landfill gas that would otherwise be burned and pollute the atmosphere with methane emissions. The process is a win-win for both the environment and the company’s bottom line, he writes. “Our $400 million fund will have sufficient dry powder to finance the Bitcoin network, abating more emissions than its creating, which can end ESG FUD, the major remaining barrier for both retail and institutional adoption,” Batten told Decrypt . The Bitcoin community has been largely unwelcoming to GreenpeaceUSA’s campaign , which began last year after the organization received $5 million to highlight the perils of the mining industry. When asked for his thoughts on the GreenpeaceUSA campaign and its backer, Ripple co-founder Chris Larsen, Batten refused to comment in great detail. “I\'ll let people make up their own mind about the intentions of a chair of another altcoin giving a large sum of money to help an NGO attack a rival form of cryptocurrency in Bitcoin,” he said. Editor\'s Note: This article was updated to correct Daniel Batten\'s name and clarify that he was responding to GreenpeaceUSA\'s Bitcoin mining report.', 'An ESG focused-fund manager is challenging claims from the environmental non-profit GreenpeaceUSA that Bitcoin mining is a major source of pollution and societal harm.\nIn areportpublished last Tuesday, GreenpeaceUSA called on Bitcoin-friendly financial services companies—includingBlackRock, Fidelity, JPMorgan, and others—to denounce Bitcoin’s “climate destruction” and encourage a code change to a “cleaner protocol” that obviates the mining industry.\n“All of these companies have connections to Bitcoin and have failed to take meaningful action to solve the problem despite making climate and sustainability pledges,” GreenpeaceUSA wrote.\nIt\'s a view rejected by CH4 Capital co-founder Daniel Batten, who argues that Bitcoin is a force for environmental healing, rather than harm.\n“There is a growing weight of evidence from those most qualified to make the assessment to suggest that Bitcoin mining helps build out the renewable grid,” Battenwrotein a formal rebuttal to GreenpeaceUSA on Sunday. He cited Brad Jones, former interim CEO of the Electric Reliability Council of Texas (ERCOT), who has spoken about Bitcoin’s ability to make renewable energy operators more profitable, fundable, and stable.\nLone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President\nAccording to Batten, many of the facts and figures used by GreenpeaceUSA to demonstrate Bitcoin’s environmental harm were misleading, if not outright false.\nGreenpeaceUSA "uses unsubstantiated fear about \'what might happen\' rather than evidence," he writes, saying the report is "filled with emotive language."\nFor example, GreenpeaceUSA claimed that the mining industry is “mostly powered mostly by coal.” In fact, Batten notes, there are 41 known sustainably powered mining operations, and only one operation still uses a coal-related product.\nFurthermore, unlike the environmental activist group\'s claim that Bitcoin’s “climate destruction” would “accelerate” if left unchecked, Batten presented data showing that Bitcoin’s emissions are actually falling over time.\n“Emissions are falling despite rising hashrate due to decimation of mining in Kazakhstan and other coal-based grids,” explained Batten in a message toDecrypt. Such miners, he said, have relocated to more sustainably powered grids like those in Texas.\nHe also cited individual public mining companies, such asMarathon, which have moved their facilities from a coal-based to wind-based standard, alongside “flare-gas miningthat reduces the overall net emissions of the bitcoin network.”\nBatten’s fund specifically invests in companies that aim to mine Bitcoin using purified landfill gas that would otherwise be burned and pollute the atmosphere with methane emissions. The process is a win-win for both the environment and the company’s bottom line, he writes.\n“Our $400 million fund will have sufficient dry powder to finance the Bitcoin network, abating more emissions than its creating, which can end ESG FUD, the major remaining barrier for both retail and institutional adoption,” Batten toldDecrypt.\nThe Bitcoin community has been largely unwelcoming to GreenpeaceUSA’scampaign, which began last year after the organization received $5 million to highlight the perils of the mining industry.\nWhen asked for his thoughts on the GreenpeaceUSA campaign and its backer, Ripple co-founder Chris Larsen, Batten refused to comment in great detail.\n“I\'ll let people make up their own mind about the intentions of a chair of another altcoin giving a large sum of money to help an NGO attack a rival form of cryptocurrency in Bitcoin,” he said.\nEditor\'s Note: This article was updated to correct Daniel Batten\'s name and clarify that he was responding to GreenpeaceUSA\'s Bitcoin mining report.', 'An ESG focused-fund manager is challenging claims from the environmental non-profit GreenpeaceUSA that Bitcoin mining is a major source of pollution and societal harm.\nIn areportpublished last Tuesday, GreenpeaceUSA called on Bitcoin-friendly financial services companies—includingBlackRock, Fidelity, JPMorgan, and others—to denounce Bitcoin’s “climate destruction” and encourage a code change to a “cleaner protocol” that obviates the mining industry.\n“All of these companies have connections to Bitcoin and have failed to take meaningful action to solve the problem despite making climate and sustainability pledges,” GreenpeaceUSA wrote.\nIt\'s a view rejected by CH4 Capital co-founder Daniel Batten, who argues that Bitcoin is a force for environmental healing, rather than harm.\n“There is a growing weight of evidence from those most qualified to make the assessment to suggest that Bitcoin mining helps build out the renewable grid,” Battenwrotein a formal rebuttal to GreenpeaceUSA on Sunday. He cited Brad Jones, former interim CEO of the Electric Reliability Council of Texas (ERCOT), who has spoken about Bitcoin’s ability to make renewable energy operators more profitable, fundable, and stable.\nLone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President\nAccording to Batten, many of the facts and figures used by GreenpeaceUSA to demonstrate Bitcoin’s environmental harm were misleading, if not outright false.\nGreenpeaceUSA "uses unsubstantiated fear about \'what might happen\' rather than evidence," he writes, saying the report is "filled with emotive language."\nFor example, GreenpeaceUSA claimed that the mining industry is “mostly powered mostly by coal.” In fact, Batten notes, there are 41 known sustainably powered mining operations, and only one operation still uses a coal-related product.\nFurthermore, unlike the environmental activist group\'s claim that Bitcoin’s “climate destruction” would “accelerate” if left unchecked, Batten presented data showing that Bitcoin’s emissions are actually falling over time.\n“Emissions are falling despite rising hashrate due to decimation of mining in Kazakhstan and other coal-based grids,” explained Batten in a message toDecrypt. Such miners, he said, have relocated to more sustainably powered grids like those in Texas.\nHe also cited individual public mining companies, such asMarathon, which have moved their facilities from a coal-based to wind-based standard, alongside “flare-gas miningthat reduces the overall net emissions of the bitcoin network.”\nBatten’s fund specifically invests in companies that aim to mine Bitcoin using purified landfill gas that would otherwise be burned and pollute the atmosphere with methane emissions. The process is a win-win for both the environment and the company’s bottom line, he writes.\n“Our $400 million fund will have sufficient dry powder to finance the Bitcoin network, abating more emissions than its creating, which can end ESG FUD, the major remaining barrier for both retail and institutional adoption,” Batten toldDecrypt.\nThe Bitcoin community has been largely unwelcoming to GreenpeaceUSA’scampaign, which began last year after the organization received $5 million to highlight the perils of the mining industry.\nWhen asked for his thoughts on the GreenpeaceUSA campaign and its backer, Ripple co-founder Chris Larsen, Batten refused to comment in great detail.\n“I\'ll let people make up their own mind about the intentions of a chair of another altcoin giving a large sum of money to help an NGO attack a rival form of cryptocurrency in Bitcoin,” he said.\nEditor\'s Note: This article was updated to correct Daniel Batten\'s name and clarify that he was responding to GreenpeaceUSA\'s Bitcoin mining report.', 'Good morning. Here’s what’s happening: Prices: Bitcoin sagged to its lowest level since late June, falling beneath $29,700, before recovering some lost ground. Insights: Jarek Jakubcek, Binance\'s law enforcement training head, combats global crypto scams by training law enforcement on what to look for. Prices CoinDesk Market Index (CMI) 1,265 −2.9 ▼ 0.2% Bitcoin (BTC) $30,167 −66.8 ▼ 0.2% Ethereum (ETH) $1,915 −5.8 ▼ 0.3% S&P 500 4,522.79 +17.4 ▲ 0.4% Gold $1,958 −1.7 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,265 −2.9 ▼ 0.2% Bitcoin (BTC) $30,167 −66.8 ▼ 0.2% Ethereum (ETH) $1,915 −5.8 ▼ 0.3% S&P 500 4,522.79 +17.4 ▲ 0.4% Gold $1,958 −1.7 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Recovers $30K The good times following Ripple\'s partial victory against the SEC in a court decision last week were a distant memory as bitcoin sank to $29,769 at one point on Monday, its lowest level since late June. But the largest cryptocurrency by market capitalization regained some lost ground to recently trade at $30,130, roughly flat over the past 24 hours, and within the range it\'s occupied for much of the past month. Bitcoin soared past $31,700 last Thursday after the U.S. District Court of the Southern District of New York ruled that Ripple\'s sale of its XRP tokens on exchanges and through algorithms did not constitute investment contracts. Analysts have suggested that bitcoin may continue to experience dips below this threshold until the SEC decides whether to approve one of the multiple spot bitcoin ETF applications that financial services giants, including BlackRock, filed last month. Those filings spurred a sharp, mid-June increase in BTC and other cryptos longing for a price catalyst. But the SEC, which has rejected a number of spot BTC applications over the past two years, is unlikely to move for months, given the unhurried pace of its previous decisions. The agency is still gathering information about the proposals. Story continues "There\'s a continued focus solely on U.S. (ETFs)," Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a phone interview with CoinDesk. "People are not going to be as optimistic until we get a further update that we\'re going to get that ETF done in the States." He added: "We may see a lot of back and forth before we get that firm sign-off (from the SEC)." Ether, the second largest crypto by market value, was recently changing hands at $1,913, off nearly a half-percentage point from Sunday, same time and well off its heights last week above $2,000. Other major cryptos, which also soared last week, sagged on Monday before rebounding slightly. XRP and ADA, the token of the Cardano smart contracts platform, were recently off 1.5% and 0.6%, respectively, while SOL, the native crypto of the Solana blockchain was down more than 2.8%. Equity markets buoyed by last week\'s encouraging second quarter earnings from a number of major banks edged up with the Nasdaq Composite and S&P 500 rising 0.9% and 0.3%, respectively. Bank of America and Goldman Sachs announce their Q2 results on Tuesday and Wednesday, respectively. In an email early Monday, Moya noted "some progress in small crypto companies finding banks that can help facilitate transactions, as Customers Bancorp has emerged as the winner from the downfall of Signature Bank and Silvergate Capital Corp." "Bitcoin’s range of $29,500 and $31,500 may hold until we get a major crypto headline," he added. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +13.3% Entertainment Chainlink LINK +9.7% Computing Terra LUNA +3.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −2.5% Smart Contract Platform Solana SOL −1.6% Smart Contract Platform XRP XRP −1.1% Currency Insights The Complicated Work of Binance’s Jarek Jakubcek There’s never a dull day for Jarek Jakubcek, head of Binance Law Enforcement Training, and a former cryptocurrency specialist in Europol Cybercrime Centre’s (EC3) Dark Web team. Based in Dubai, Jakubcek’s responsibilities are global, including the Asia Pacific region, where retail cryptocurrency adoption but also bad actors and scams have soared. "Cryptocurrencies, as practical technology, are basically bound to be abused by criminals because it is convenient and because it is practical," he said. Jakubcek spends a lot of his time training law enforcement throughout the region on gathering evidence and tracking down who’s behind these schemes – and often they are the same crooks as in traditional finance: scam centers in southeast Asia. “We all know that there is no such thing as high guaranteed profits. But to many people who are more financially naive, this may sound like a reasonable proposition,” he explains. “This is why it is really important to promote crypto literacy and raise awareness of the potential risk connected with cryptocurrencies.” Years of investigations Law enforcement has been investigating crypto crimes for years and has found a lot of operational success, thanks to blockchain\'s transparent nature. Despite its user-friendliness for everyone, including criminals, it is also beneficial for investigators as the activity is out there on-chain and not hidden in bank logs and shell corporations. Often, it’s more effective to track back wallets to exchanges and request KYC data than to rely on tracing IP addresses to telcos because of the prevalence of VPNs and other ways of masking connections. While Jakubcek spends a lot of his time working with real law enforcement from around the world, sometimes, his group encounters fraudulent requests – not necessarily always bad actors, but rather conning private investigators attempting to masquerade as cops in order to get more info for their clients. One private investigator, Jakubcek recalls, dissatisfied with an initial refusal from Binance to disclose customer data to a private individual, sent over a second request but from a fake domain name. “It was not the usual law enforcement domain, so we checked the domain, and we discovered it was registered one day prior to the request,” Jakubcek said. “It was kind of obvious that the private investigator wanted to pretend to be something that he was not.” Fake court orders and political problems Fake court orders asking for funds to be moved are another thing his team has dealt with. “We are very lucky to have a team of almost 30 ex-law enforcement people, because we know how law enforcement requests should look like," he said. A global company like Binance has a tough time avoiding geo-politics, which is a simple byproduct of operating in so many of the world’s markets. Law enforcement requests can sometimes conflict with different countries’ national interests. In 2020 and 2021 , for instance, the United States announced a series of sanctions against key individuals in Hong Kong’s political leadership and law enforcement for their role in undermining Hong Kong’s autonomy and implementing a controversial national security law . There isn’t yet a cut-and-dry answer on how Binance balances a legitimate law enforcement request under local rules with competing global interests. "There are jurisdictions with which we have to be sensitive; we also have to consider the nature of the crime, and who is the target of inquiry. For some of the requests, if the individuals are of sensitive nationality, then we are not responding,” he said. So far, from Hong Kong, Jakubcek says that 90% of the requests are “purely fraud related.” “Personally, I don’t remember any politically sensitive requests coming from Hong Kong,” he said. “I’m not saying there hasn’t been any, but in my investigations career in APAC, I don’t remember it happening.” Important events. Ethereum Community Conference Bank of America Second Quarter Earnings CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : XRP Becomes World\'s 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory In its most recent episode, "The Hash" tackled hot topics, including XRP overtaking BNB token to become the world\'s fourth-largest digital asset by market cap following Ripple\'s partial courtroom win. The panel dug into what the ruling could mean for the future of crypto regulation. Separately, the group discussed bail for Celsius founder and former CEO Alex Mashinsky, which was set at $40 million by a judge after his arrest. And the Hash also addressed new details on what luxury fashion brand Gucci is doing in the world of NFTs. Headlines Despite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts: BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead. BNB Token Is Being Heavily Shorted, Perpetual Futures Show: Funding rates in perpetual futures tied to BNB are most negative in nearly three months. Binance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance: Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion. Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals: The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points. SEC\'s Gensler \'Disappointed\' by Part of Ripple\'s XRP Judgement, Still Assessing Opinion: Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sagged to its lowest level since late June, falling beneath $29,700, before recovering some lost ground.\nInsights:Jarek Jakubcek, Binance\'s law enforcement training head, combats global crypto scams by training law enforcement on what to look for.\nCoinDesk Market Index (CMI)\n1,265\n−2.9▼0.2%\nBitcoin (BTC)\n$30,167\n−66.8▼0.2%\nEthereum (ETH)\n$1,915\n−5.8▼0.3%\nS&P 500\n4,522.79\n+17.4▲0.4%\nGold\n$1,958\n−1.7▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,265", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,167", "\\u221266.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,915", "\\u22125.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,522.79", "+17.4\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22121.7\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Recovers $30K\nThe good times following Ripple\'s partial victory against the SEC in a court decision last week were a distant memory as bitcoin sank to $29,769 at one point on Monday, its lowest level since late June.\nBut the largest cryptocurrency by market capitalization regained some lost ground to recently trade at $30,130, roughly flat over the past 24 hours, and within the range it\'s occupied for much of the past month. Bitcoin soared past $31,700 last Thursday after the U.S. District Court of the Southern District of New York ruled that Ripple\'s sale of its XRP tokens on exchanges and through algorithms did not constitute investment contracts.\nAnalysts have suggested that bitcoin may continue to experience dips below this threshold until the SEC decides whether to approve one of the multiple spot bitcoin ETF applications that financial services giants, including BlackRock, filed last month. Those filings spurred a sharp, mid-June increase in BTC and other cryptos longing for a price catalyst.\nBut the SEC, which has rejected a number of spot BTC applications over the past two years, is unlikely to move for months, given the unhurried pace of its previous decisions. The agency is still gathering information about the proposals.\n"There\'s a continued focus solely on U.S. (ETFs)," Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a phone interview with CoinDesk. "People are not going to be as optimistic until we get a further update that we\'re going to get that ETF done in the States."\nHe added: "We may see a lot of back and forth before we get that firm sign-off (from the SEC)."\nEther, the second largest crypto by market value, was recently changing hands at $1,913, off nearly a half-percentage point from Sunday, same time and well off its heights last week above $2,000. Other major cryptos, which also soared last week, sagged on Monday before rebounding slightly. XRP and ADA, the token of the Cardano smart contracts platform, were recently off 1.5% and 0.6%, respectively, while SOL, the native crypto of the Solana blockchain was down more than 2.8%.\nEquity markets buoyed by last week\'s encouraging second quarter earnings from a number of major banks edged up with the Nasdaq Composite and S&P 500 rising 0.9% and 0.3%, respectively. Bank of America and Goldman Sachs announce their Q2 results on Tuesday and Wednesday, respectively.\nIn an email early Monday, Moya noted "some progress in small crypto companies finding banks that can help facilitate transactions, as Customers Bancorp has emerged as the winner from the downfall of Signature Bank and Silvergate Capital Corp."\n"Bitcoin’s range of $29,500 and $31,500 may hold until we get a major crypto headline," he added.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+13.3%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+9.7%", "DACS Sector": "Computing"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22121.1%", "DACS Sector": "Currency"}]\nThe Complicated Work of Binance’s Jarek Jakubcek\nThere’s never a dull day for Jarek Jakubcek, head of Binance Law Enforcement Training, and a former cryptocurrency specialist in Europol Cybercrime Centre’s (EC3) Dark Web team.\nBased in Dubai, Jakubcek’s responsibilities are global, including the Asia Pacific region, where retail cryptocurrency adoption but also bad actors and scams have soared.\n"Cryptocurrencies, as practical technology, are basically bound to be abused by criminals because it is convenient and because it is practical," he said.\nJakubcek spends a lot of his time training law enforcement throughout the region on gathering evidence and tracking down who’s behind these schemes – and often they are the same crooks as in traditional finance: scam centers in southeast Asia.\n“We all know that there is no such thing as high guaranteed profits. But to many people who are more financially naive, this may sound like a reasonable proposition,” he explains. “This is why it is really important to promote crypto literacy and raise awareness of the potential risk connected with cryptocurrencies.”\nYears of investigations\nLaw enforcement has been investigating crypto crimes for years and has found a lot of operational success, thanks to blockchain\'s transparent nature.\nDespite its user-friendliness for everyone, including criminals, it is also beneficial for investigators as the activity is out there on-chain and not hidden in bank logs and shell corporations.\nOften, it’s more effective to track back wallets to exchanges and request KYC data than to rely on tracing IP addresses to telcos because of the prevalence of VPNs and other ways of masking connections.\nWhile Jakubcek spends a lot of his time working with real law enforcement from around the world, sometimes, his group encounters fraudulent requests – not necessarily always bad actors, but rather conning private investigators attempting to masquerade as cops in order to get more info for their clients.\nOne private investigator, Jakubcek recalls, dissatisfied with an initial refusal from Binance to disclose customer data to a private individual, sent over a second request but from a fake domain name.\n“It was not the usual law enforcement domain, so we checked the domain, and we discovered it was registered one day prior to the request,” Jakubcek said. “It was kind of obvious that the private investigator wanted to pretend to be something that he was not.”\nFake court orders and political problems\nFake court orders asking for funds to be moved are another thing his team has dealt with.\n“We are very lucky to have a team of almost 30 ex-law enforcement people, because we know how law enforcement requests should look like," he said.\nA global company like Binance has a tough time avoiding geo-politics, which is a simple byproduct of operating in so many of the world’s markets.\nLaw enforcement requests can sometimes conflict with different countries’ national interests. In2020and 2021, for instance, the United States announced a series of sanctions against key individuals in Hong Kong’s political leadership and law enforcement for their role in undermining Hong Kong’s autonomy and implementing acontroversial national security law.\nThere isn’t yet a cut-and-dry answer on how Binance balances a legitimate law enforcement request under local rules with competing global interests.\n"There are jurisdictions with which we have to be sensitive; we also have to consider the nature of the crime, and who is the target of inquiry. For some of the requests, if the individuals are of sensitive nationality, then we are not responding,” he said.\nSo far, from Hong Kong, Jakubcek says that 90% of the requests are “purely fraud related.”\n“Personally, I don’t remember any politically sensitive requests coming from Hong Kong,” he said. “I’m not saying there hasn’t been any, but in my investigations career in APAC, I don’t remember it happening.”\nEthereum Community Conference\nBank of America Second Quarter Earnings\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Becomes World\'s 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory\nIn its most recent episode, "The Hash" tackled hot topics, including XRP overtaking BNB token to become the world\'s fourth-largest digital asset by market cap following Ripple\'s partial courtroom win. The panel dug into what the ruling could mean for the future of crypto regulation. Separately, the group discussed bail for Celsius founder and former CEO Alex Mashinsky, which was set at $40 million by a judge after his arrest. And the Hash also addressed new details on what luxury fashion brand Gucci is doing in the world of NFTs.\nDespite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts:BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead.\nBNB Token Is Being Heavily Shorted, Perpetual Futures Show:Funding rates in perpetual futures tied to BNB are most negative in nearly three months.\nBinance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance:Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion.\nCrypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals:The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.\nSEC\'s Gensler \'Disappointed\' by Part of Ripple\'s XRP Judgement, Still Assessing Opinion:Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sagged to its lowest level since late June, falling beneath $29,700, before recovering some lost ground.\nInsights:Jarek Jakubcek, Binance\'s law enforcement training head, combats global crypto scams by training law enforcement on what to look for.\nCoinDesk Market Index (CMI)\n1,265\n−2.9▼0.2%\nBitcoin (BTC)\n$30,167\n−66.8▼0.2%\nEthereum (ETH)\n$1,915\n−5.8▼0.3%\nS&P 500\n4,522.79\n+17.4▲0.4%\nGold\n$1,958\n−1.7▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,265", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,167", "\\u221266.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,915", "\\u22125.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,522.79", "+17.4\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22121.7\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Recovers $30K\nThe good times following Ripple\'s partial victory against the SEC in a court decision last week were a distant memory as bitcoin sank to $29,769 at one point on Monday, its lowest level since late June.\nBut the largest cryptocurrency by market capitalization regained some lost ground to recently trade at $30,130, roughly flat over the past 24 hours, and within the range it\'s occupied for much of the past month. Bitcoin soared past $31,700 last Thursday after the U.S. District Court of the Southern District of New York ruled that Ripple\'s sale of its XRP tokens on exchanges and through algorithms did not constitute investment contracts.\nAnalysts have suggested that bitcoin may continue to experience dips below this threshold until the SEC decides whether to approve one of the multiple spot bitcoin ETF applications that financial services giants, including BlackRock, filed last month. Those filings spurred a sharp, mid-June increase in BTC and other cryptos longing for a price catalyst.\nBut the SEC, which has rejected a number of spot BTC applications over the past two years, is unlikely to move for months, given the unhurried pace of its previous decisions. The agency is still gathering information about the proposals.\n"There\'s a continued focus solely on U.S. (ETFs)," Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a phone interview with CoinDesk. "People are not going to be as optimistic until we get a further update that we\'re going to get that ETF done in the States."\nHe added: "We may see a lot of back and forth before we get that firm sign-off (from the SEC)."\nEther, the second largest crypto by market value, was recently changing hands at $1,913, off nearly a half-percentage point from Sunday, same time and well off its heights last week above $2,000. Other major cryptos, which also soared last week, sagged on Monday before rebounding slightly. XRP and ADA, the token of the Cardano smart contracts platform, were recently off 1.5% and 0.6%, respectively, while SOL, the native crypto of the Solana blockchain was down more than 2.8%.\nEquity markets buoyed by last week\'s encouraging second quarter earnings from a number of major banks edged up with the Nasdaq Composite and S&P 500 rising 0.9% and 0.3%, respectively. Bank of America and Goldman Sachs announce their Q2 results on Tuesday and Wednesday, respectively.\nIn an email early Monday, Moya noted "some progress in small crypto companies finding banks that can help facilitate transactions, as Customers Bancorp has emerged as the winner from the downfall of Signature Bank and Silvergate Capital Corp."\n"Bitcoin’s range of $29,500 and $31,500 may hold until we get a major crypto headline," he added.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+13.3%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+9.7%", "DACS Sector": "Computing"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22121.1%", "DACS Sector": "Currency"}]\nThe Complicated Work of Binance’s Jarek Jakubcek\nThere’s never a dull day for Jarek Jakubcek, head of Binance Law Enforcement Training, and a former cryptocurrency specialist in Europol Cybercrime Centre’s (EC3) Dark Web team.\nBased in Dubai, Jakubcek’s responsibilities are global, including the Asia Pacific region, where retail cryptocurrency adoption but also bad actors and scams have soared.\n"Cryptocurrencies, as practical technology, are basically bound to be abused by criminals because it is convenient and because it is practical," he said.\nJakubcek spends a lot of his time training law enforcement throughout the region on gathering evidence and tracking down who’s behind these schemes – and often they are the same crooks as in traditional finance: scam centers in southeast Asia.\n“We all know that there is no such thing as high guaranteed profits. But to many people who are more financially naive, this may sound like a reasonable proposition,” he explains. “This is why it is really important to promote crypto literacy and raise awareness of the potential risk connected with cryptocurrencies.”\nYears of investigations\nLaw enforcement has been investigating crypto crimes for years and has found a lot of operational success, thanks to blockchain\'s transparent nature.\nDespite its user-friendliness for everyone, including criminals, it is also beneficial for investigators as the activity is out there on-chain and not hidden in bank logs and shell corporations.\nOften, it’s more effective to track back wallets to exchanges and request KYC data than to rely on tracing IP addresses to telcos because of the prevalence of VPNs and other ways of masking connections.\nWhile Jakubcek spends a lot of his time working with real law enforcement from around the world, sometimes, his group encounters fraudulent requests – not necessarily always bad actors, but rather conning private investigators attempting to masquerade as cops in order to get more info for their clients.\nOne private investigator, Jakubcek recalls, dissatisfied with an initial refusal from Binance to disclose customer data to a private individual, sent over a second request but from a fake domain name.\n“It was not the usual law enforcement domain, so we checked the domain, and we discovered it was registered one day prior to the request,” Jakubcek said. “It was kind of obvious that the private investigator wanted to pretend to be something that he was not.”\nFake court orders and political problems\nFake court orders asking for funds to be moved are another thing his team has dealt with.\n“We are very lucky to have a team of almost 30 ex-law enforcement people, because we know how law enforcement requests should look like," he said.\nA global company like Binance has a tough time avoiding geo-politics, which is a simple byproduct of operating in so many of the world’s markets.\nLaw enforcement requests can sometimes conflict with different countries’ national interests. In2020and 2021, for instance, the United States announced a series of sanctions against key individuals in Hong Kong’s political leadership and law enforcement for their role in undermining Hong Kong’s autonomy and implementing acontroversial national security law.\nThere isn’t yet a cut-and-dry answer on how Binance balances a legitimate law enforcement request under local rules with competing global interests.\n"There are jurisdictions with which we have to be sensitive; we also have to consider the nature of the crime, and who is the target of inquiry. For some of the requests, if the individuals are of sensitive nationality, then we are not responding,” he said.\nSo far, from Hong Kong, Jakubcek says that 90% of the requests are “purely fraud related.”\n“Personally, I don’t remember any politically sensitive requests coming from Hong Kong,” he said. “I’m not saying there hasn’t been any, but in my investigations career in APAC, I don’t remember it happening.”\nEthereum Community Conference\nBank of America Second Quarter Earnings\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Becomes World\'s 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory\nIn its most recent episode, "The Hash" tackled hot topics, including XRP overtaking BNB token to become the world\'s fourth-largest digital asset by market cap following Ripple\'s partial courtroom win. The panel dug into what the ruling could mean for the future of crypto regulation. Separately, the group discussed bail for Celsius founder and former CEO Alex Mashinsky, which was set at $40 million by a judge after his arrest. And the Hash also addressed new details on what luxury fashion brand Gucci is doing in the world of NFTs.\nDespite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts:BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead.\nBNB Token Is Being Heavily Shorted, Perpetual Futures Show:Funding rates in perpetual futures tied to BNB are most negative in nearly three months.\nBinance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance:Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion.\nCrypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals:The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.\nSEC\'s Gensler \'Disappointed\' by Part of Ripple\'s XRP Judgement, Still Assessing Opinion:Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.', 'Bitcoin briefly fell under US$30,000 in early Tuesday morning trading in Asia before recovering back above that support line. Ether and most other top 10 non-stablecoin cryptocurrencies declined, with Solana leading the losers. Polygon\x92s Matic was the exception, adding more than one percent at one point. NFT trading slumped and U.S. stock futures traded flat after gains on Monday. The week ahead brings rafts of earnings, including from major U.S. banks on Wednesday. Bitcoin, Ether slip Bitcoin lost 0.55% over the last 24 hours to US$30,160.39 as of 06:40 a.m. in Hong Kong, falling 0.62% for the week, according to data from CryptoMarketCap. The token dipped to US$29,685.78 at one point in early morning Asia trading on Tuesday. \x93On a weekly timeframe, Bitcoin is trending up on the highs and lows, but down on the close and open,\x94 said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro. \x93Failure to rally from current levels opens the door for a correction to the $27,000 area if risk-off sentiment intensifies later in the week.\x94 The world\x92s largest cryptocurrency with a current market capitalization of US$586 billion has attracted bouts of buying interest following several filings for spot Bitcoin exchange-traded fund (ETF) applications in June, including one by the world\x92s largest asset manager, BlackRock. On July 13, the U.S. Securities and Exchange Commission (SEC) formally accepted the Bitcoin ETF applications from BlackRock, WisdomTree, VanEck and others for review. When measured by investments in crypto-focused funds, Bitcoin has seen inflows of US$140 million in the last week, or 99% of the total invested in such funds, according to asset manager CoinShares. A total US$742 million was invested in crypto funds over the last 4 weeks, the largest since the final quarter of 2021, according to CoinShares data. Ether declined by 1.07% to US$1,913.56, but was still holding gains of 2.03% in the last seven days. Most other top 10 non-stablecoin cryptocurrencies were in the red, though Polygon\x92s Matic added to weekly gains of 5.99%. Matic rose 0.37% to US$0.781 in early trade and gained further later in the morning. Story continues Last Thursday, Polygon Labs announced a new, revamped version of its native token named Pol, which the company claims will be more secure, scalable and frictionless. Solana was the biggest loser among the top 10 falling 3.26% to US$26.74. However that could be from profit-taking as the token has jumped 25.55% for the week. The total crypto market capitalization fell 0.49% in the past 24 hours to US$1.21 trillion, while trading volume rose 42.52% to US$35.54 billion. NFTs\xa0in \x93substantial slowdown\x94 The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.27% in the past 24 hours to 2,719.10 as of 07:45 a.m. in Hong Kong. The index is down 0.43% for the week. \x93The Forkast 500 NFT Index is down following a very slow day of trading,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93Focusing on Ethereum trading we see 14,006 total transactions on Sunday, which is the lowest in almost 2 years, when we saw 13,560 transactions on July 24, 2021.\x94 Petscher said the number of unique buyers fell under 10,000, also a substantial slowdown in the NFT market. Forkast\x92s NFT market indices measuring the performance on Ethereum, Solana and Cardano blockchains rose, while the Polygon index dropped. Total NFT trading volume gained 1.45% to US$18.51 million in the past 24 hours, according to data from CryptoSlam. Ethereum-based art NFT collection Opepen Edition topped the trading volume rankings on CryptoSlam, rising 2.93% in the last 24 hours to US$782,290. \x93Opepen is an interesting hybrid project that merges conceptual art into easy to digest profile pictures,\x94 Petscher explained. \x93Influencers and even large Web3 entities like OpenSea and Rarible are getting in on the fun by changing their profile pictures to an Opepen that matches their brand.\x94 ImmutableX\x92s Gods Unchained Cards, the collection of NFTs used in Immutable\x92s trading card game of the same name, placed second in 24-hour trading volume, despite falling 2.19% to US$675,685. Elsewhere, NFL Super Bowl champion Kansas City Chiefs quarterback Patrick Mahomes said on Twitter Monday that he will launch his second line of NFTs inspired by his football career. The new collectibles are expected in September, according to Decrypt . U.S. stock futures little changed, Asia markets lower Image: Envato Elements U.S. stock futures traded flat as of 10:00 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Monday. Stocks in main Asia markets fell back after China on Monday reported lower-than-expected economic growth of 6.3% for Q2. The Shanghai Composite, Hong Kong\x92s Hang Seng, South Korea\x92s Kospi, and Japan\x92s Nikkei 225 all posted losses as of 11:00 a.m. in Hong Kong. In the U.S., more bank earnings are coming later today from Bank of America Corp. and Morgan Stanley & Co., which follow positive quarterly results last week from JPMorgan Chase & Co, Wells Fargo, and Citigroup. Earnings from Goldman Sachs Group, Netflix, Tesla and United Airlines are expected Wednesday. The view that the Federal Reserve is nearing the end of its cycle of raising interest rates helped the Wall Street gains on Monday, according to Trading Economics . That sentiment grew as last week\x92s producer price index, a measure of wholesale inflation, came in well below analyst expectations. Still, the Fed is likely to raise rates again above the current 5% to 5.25%. Christopher Waller, a member of the Federal Reserve Board of Governors, said last week at an event hosted by New York University that the central bank will need two more 25-basis-point rate increases this year to tame inflation. The Federal Reserve meets on July 26 to discuss its next move on rates. The CME FedWatch Tool predicts a 97.3% chance the Fed will raise by 25-basis-points, up from 96.1% on Monday. (Updates to add equity section)', 'Bitcoin briefly fell under US$30,000 in early Tuesday morning trading in Asia before recovering back above that support line. Ether and most other top 10 non-stablecoin cryptocurrencies declined, with Solana leading the losers. Polygon’s Matic was the exception, adding more than one percent at one point. NFT trading slumped and U.S. stock futures traded flat after gains on Monday. The week ahead brings rafts of earnings, including from major U.S. banks on Wednesday.\nBitcoin lost 0.55% over the last 24 hours to US$30,160.39 as of 06:40 a.m. in Hong Kong, falling 0.62% for the week, according to data from CryptoMarketCap. The token dipped to US$29,685.78 at one point in early morning Asia trading on Tuesday.\n“On a weekly timeframe, Bitcoin is trending up on the highs and lows, but down on the close and open,” said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro. “Failure to rally from current levels opens the door for a correction to the $27,000 area if risk-off sentiment intensifies later in the week.”\nThe world’s largest cryptocurrency with a current market capitalization of US$586 billion has attracted bouts of buying interest following several filings for spot Bitcoinexchange-traded fund (ETF)applications in June, including one by the world’s largest asset manager, BlackRock.\nOn July 13, the U.S. Securities and Exchange Commission (SEC) formallyacceptedthe Bitcoin ETF applications from BlackRock, WisdomTree, VanEck Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $585,460,100,400 - Hash Rate: 434150109.2409926 - Transaction Count: 582684.0 - Unique Addresses: 775244.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell to about $24,990 on Wednesday, as investors shrugged off the U.S. central banks widely expected halt to a more than year-long diet of interest rate hikes. Major altcoins took a late afternoon dive to sink into negative territory. The largest cryptocurrency by market capitalization was recently trading down 3.2% over the past 24 hours after a late afternoon (ET) drop that sent the asset to its lowest level since mid March. BTC has largely been treading water nearer $26,000 for most of the past five days as investors weighed the initial impact of Securities and U.S. Exchange Commission (SEC) lawsuits against crypto exchange giants Binance and Coinbase, Fed monetary policy signals and other macroeconomic uncertainties. The Fed has left rates unchanged, which was expected by the market given the macroeconomic situation, Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in a note to CoinDesk. The initial move has been toward the downside, since the Fed indicated that this pause is likely not going to last. DiPasquale added: From a markets perspective, as long as Bitcoin maintains $25K, we should continue to see consolidation. Read More: Fed Preview: Bitcoin Market Skews Bearish as Analysts Anticipate 'Hawkish Rate-Hike Pause' Ether was recently changing hands at $1,650, down 5.1% from Tuesday, same time, also hitting a three-month low. Other major cryptos mentioned in the SEC actions plunged late with ADA, the token of the Cardano blockchain recently down more than 5% but SOL and MATIC, the native cryptos of the Solana and Polygon smart contract networks, each off more than 3%. The CoinDesk Market Index , a measure of crypto markets overall performance, was recently trading sideways. The CoinDesk Bitcoin and Ether Trend Indicators maintained their days-long stances in downtrend territory, reflecting ongoing investor skittishness. Still, indicator was pointing bullishly. A price pattern called "throwback" has emerged on bitcoin's daily chart that could recharge bulls' engines for a rally toward $37,000, according to Valkyrie Investments. In technical analysis, a throwback is a price drop to a former breakout level or resistance-turned-support. After a breakout, prices rally for some days before losing upward momentum and returning to the breakout point. More often than not, prices surge after the throwback is completed, Thomas Bulkowski detailed in his book "Visual Guide to Chart Patterns." Story continues Meanwhile, equity indexes fell amid longer-term concerns that the current rate increase cessation will be temporary as the Fed focuses on cutting inflation to a longstanding 2.5% target. The tech-heavy Nasdaq Composite and S&P 500 inched up ever-so-slightly but the Dow Jones Industrial Average sank 0.7%. Read More: U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises Still, in an email to CoinDesk, Markus Levin, co-founder of blockchain geospatial oracle system XYO Network, struck an upbeat note, writing that the global macro setup is shifting significantly, with the rate-hike pause the clearest indication yet of this shift. Inflation is falling fast. Global central banks are injecting liquidity to stimulate their economies. And now the focus is on growth and whether well actually experience a broad-based and deep recession. Levin added that bitcoin and other digital assets have likely already hit the bottom. I expect there to be sideways action for BTC and other coins for some months ahead, punctuated by bouts of volatility, he wrote. When the BTC halving kicks in next year, however, then I think were off to the races. UPDATE (June 14, 2023, 20:55 UTC): Updates bitcoin price in headline and story, and other digital asset price information.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Caleb & Brown\'s Jake Boyle explains why ether might be the more interesting play than bitcoin.\nInsights:Coinbase\'s stock is up more than 23% since Ripple\'s partial court victory against the SEC last Thursday. In a CoinDesk TV interview, Needham analyst John Todaro discussed why he\'s upbeat about the company.\nCoinDesk Market Index (CMI)\n1,254\n−10.5▼0.8%\nBitcoin (BTC)\n$29,856\n−311.4▼1.0%\nEthereum (ETH)\n$1,896\n−18.6▼1.0%\nS&P 500\n4,554.98\n+32.2▲0.7%\nGold\n$1,981\n+28.8▲1.5%\nNikkei 225\n32,493.89\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,254", "\\u221210.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,856", "\\u2212311.4\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,896", "\\u221218.6\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,554.98", "+32.2\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+28.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,493.89", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nLooking Beyond Bitcoin\nAs East Asia’s business day begins, bitcoin is down 1% to $29,856, while ether is also down 1% to $1,896. Although many parts of the altcoin market are beginning the day as a sea of red, XRP is continuing its upwards trajectory, rising 5% to hit $0.77.\nThe current Bitcoin movements indicate that the market is range-bound and stagnant, Jake Boyle, the Chief Commercial Officer at Australian crypto exchange Caleb & Brown said on CoinDesk TV.\nWhile Bitcoin is experiencing some ups and downs around the $30,000 mark, Boyle argues that no major movements are expected until certain key events take place.\nStellar, Solana, and Optimism have shown explosive growth following last week\'s XRP news, each for different reasons.\n"Stellar is regularly associated with XRP... Optimism provides something new, it hasn\'t experienced a dramatic bull market, and it hasn\'t come down 99% from its all-time high," Boyle said.\nRight now, Boyle is interested in Ethereum as he’s observed a “noticeable increase in buying power against bitcoin.”\n“Ethereum is prone to upgrades. It’s prone to community changes,” he said, explaining how it\'s more receptive to news announcements and updates while bitcoin stays relatively constant.\n“Bitcoin is just bitcoin,” he said.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.9%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.7%", "DACS Sector": "Smart Contract Platform"}]\nCoinbase on the Rise?\nRipple\'spartial winlast week in its long-running Federal court feud with the Securities and Exchange Commission (SEC) will likely benefit Coinbase by clarifying a nettlesome aspect of crypto regulation and enabling the exchange to re-list certain tokens, John Todaro, a senior research analyst at broker Needham & Company, told CoinDesk TV\'s "First Mover" program Tuesday.\nTodaro noted that industry observers had feared a decision favoring the SEC would have required Coinbase to delist tokens, potentially costing it more than a third of its revenue.\n"It does remove some those concerns that along the way, Coinbase might have to delist a lot of assets, which is going to be a big deterrent to their exchange business, which is where they get most of their revenue," Todaro said, adding that the ruling would also "give institutional investors more clarity."\n"Now you can start digging into Coinbase fundamentals a bit more versus the stock only moving just on regulatory concerns or positive regulatory announcements."\nLast Thursday, a U.S. district court ruled that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales. In a research report the following day, Todaro and another analyst, Daniel Lehmann wrote that the decision could boost Coinbase shares by establishing that token sales through exchanges, at least in the case of XRP, did not violate securities laws.\nRead More:Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham\n"This outcome should moderately de-risk the regulatory pressure on the stock,” the analysts wrote.\nThe broker maintained a buy rating on Coinbase shares and raised its price target to $120 from $70. Coinbase shares closed at $104.59, down 0.9% but are up more than 23% since last Thursday.\nCoinbase has faced its own regulatory issues, including an SEC lawsuit last month accusing the exchange of violating securities law, and it also still addressing the fall-out from a lengthy bear market that has spooked investors.\nIn the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company\'s Q2 issues. "Folks should start looking at what\'s coming up," including next year\'s bitcoin halving, "which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation," he said, and described the exchange as "the only kind of adult left in the room at the exchange level.\nEthereum Community Conference\nGoldman Sachs second quarter earnings\nHKT/SGT(6:00 UTC)United Kingdom Consumer Price Index (MoM/June)\nHKT/SGT(9:00 UTC)Core Harmonized Index of Consumer Prices (MoM/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low\nBloomberg reported Coinbase CEO Brian Armstrong met with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shared his outlook on Coinbase (COIN)\'s stock performance. Aku creator and former MLB player Micah Johnson discussed teaming up with Starbucks. Caleb & Brown director Jake Boyle shared his crypto markets analysis. And, John Oliver from PwC weighed in on how traditional hedge funds view investing in crypto assets.\nBitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers:Thursday\'s rally to a new 13-month high of $31,800 has now more than been fully nullified.\nArkham\'s Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad:Users locked up a total of $2.4 billion in the launchpad to secure a better chance at receiving the full allocation.\nCelsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale:Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.\nLevered Bullish Longs Getting Liquidated as Bitcoin Market Softens:CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions\nReddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK:Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit\'s tokenized Community Points, one observer said while explaining the price rally.', 'Good morning. Here’s what’s happening: Prices: Caleb & Brown\'s Jake Boyle explains why ether might be the more interesting play than bitcoin. Insights: Coinbase\'s stock is up more than 23% since Ripple\'s partial court victory against the SEC last Thursday. In a CoinDesk TV interview, Needham analyst John Todaro discussed why he\'s upbeat about the company. Prices CoinDesk Market Index (CMI) 1,254 −10.5 ▼ 0.8% Bitcoin (BTC) $29,856 −311.4 ▼ 1.0% Ethereum (ETH) $1,896 −18.6 ▼ 1.0% S&P 500 4,554.98 +32.2 ▲ 0.7% Gold $1,981 +28.8 ▲ 1.5% Nikkei 225 32,493.89 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,254 −10.5 ▼ 0.8% Bitcoin (BTC) $29,856 −311.4 ▼ 1.0% Ethereum (ETH) $1,896 −18.6 ▼ 1.0% S&P 500 4,554.98 +32.2 ▲ 0.7% Gold $1,981 +28.8 ▲ 1.5% Nikkei 225 32,493.89 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Looking Beyond Bitcoin As East Asia’s business day begins, bitcoin is down 1% to $29,856, while ether is also down 1% to $1,896. Although many parts of the altcoin market are beginning the day as a sea of red, XRP is continuing its upwards trajectory, rising 5% to hit $0.77. The current Bitcoin movements indicate that the market is range-bound and stagnant, Jake Boyle, the Chief Commercial Officer at Australian crypto exchange Caleb & Brown said on CoinDesk TV. While Bitcoin is experiencing some ups and downs around the $30,000 mark, Boyle argues that no major movements are expected until certain key events take place. Stellar, Solana, and Optimism have shown explosive growth following last week\'s XRP news, each for different reasons. "Stellar is regularly associated with XRP... Optimism provides something new, it hasn\'t experienced a dramatic bull market, and it hasn\'t come down 99% from its all-time high," Boyle said. Right now, Boyle is interested in Ethereum as he’s observed a “noticeable increase in buying power against bitcoin.” Story continues “Ethereum is prone to upgrades. It’s prone to community changes,” he said, explaining how it\'s more receptive to news announcements and updates while bitcoin stays relatively constant. “Bitcoin is just bitcoin,” he said. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.9% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −6.9% Entertainment Solana SOL −5.9% Smart Contract Platform Polygon MATIC −5.7% Smart Contract Platform Insights Coinbase on the Rise? Ripple\'s partial win last week in its long-running Federal court feud with the Securities and Exchange Commission (SEC) will likely benefit Coinbase by clarifying a nettlesome aspect of crypto regulation and enabling the exchange to re-list certain tokens, John Todaro, a senior research analyst at broker Needham & Company, told CoinDesk TV\'s "First Mover" program Tuesday. Todaro noted that industry observers had feared a decision favoring the SEC would have required Coinbase to delist tokens, potentially costing it more than a third of its revenue. "It does remove some those concerns that along the way, Coinbase might have to delist a lot of assets, which is going to be a big deterrent to their exchange business, which is where they get most of their revenue," Todaro said, adding that the ruling would also "give institutional investors more clarity." "Now you can start digging into Coinbase fundamentals a bit more versus the stock only moving just on regulatory concerns or positive regulatory announcements." Last Thursday, a U.S. district court ruled that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales. In a research report the following day, Todaro and another analyst, Daniel Lehmann wrote that the decision could boost Coinbase shares by establishing that token sales through exchanges, at least in the case of XRP, did not violate securities laws. Read More: Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham "This outcome should moderately de-risk the regulatory pressure on the stock,” the analysts wrote. The broker maintained a buy rating on Coinbase shares and raised its price target to $120 from $70. Coinbase shares closed at $104.59, down 0.9% but are up more than 23% since last Thursday. Coinbase has faced its own regulatory issues, including an SEC lawsuit last month accusing the exchange of violating securities law, and it also still addressing the fall-out from a lengthy bear market that has spooked investors. In the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company\'s Q2 issues. "Folks should start looking at what\'s coming up," including next year\'s bitcoin halving, "which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation," he said, and described the exchange as "the only kind of adult left in the room at the exchange level. Important events. Ethereum Community Conference Goldman Sachs second quarter earnings HKT/SGT(6:00 UTC) United Kingdom Consumer Price Index (MoM/June) HKT/SGT(9:00 UTC) Core Harmonized Index of Consumer Prices (MoM/June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low Bloomberg reported Coinbase CEO Brian Armstrong met with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shared his outlook on Coinbase (COIN)\'s stock performance. Aku creator and former MLB player Micah Johnson discussed teaming up with Starbucks. Caleb & Brown director Jake Boyle shared his crypto markets analysis. And, John Oliver from PwC weighed in on how traditional hedge funds view investing in crypto assets. Headlines Bitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers : Thursday\'s rally to a new 13-month high of $31,800 has now more than been fully nullified. Arkham\'s Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad : Users locked up a total of $2.4 billion in the launchpad to secure a better chance at receiving the full allocation. Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale : Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings. Levered Bullish Longs Getting Liquidated as Bitcoin Market Softens : CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions Reddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK : Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit\'s tokenized Community Points, one observer said while explaining the price rally.', 'Good morning. Here’s what’s happening:\nPrices:Caleb & Brown\'s Jake Boyle explains why ether might be the more interesting play than bitcoin.\nInsights:Coinbase\'s stock is up more than 23% since Ripple\'s partial court victory against the SEC last Thursday. In a CoinDesk TV interview, Needham analyst John Todaro discussed why he\'s upbeat about the company.\nCoinDesk Market Index (CMI)\n1,254\n−10.5▼0.8%\nBitcoin (BTC)\n$29,856\n−311.4▼1.0%\nEthereum (ETH)\n$1,896\n−18.6▼1.0%\nS&P 500\n4,554.98\n+32.2▲0.7%\nGold\n$1,981\n+28.8▲1.5%\nNikkei 225\n32,493.89\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,254", "\\u221210.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,856", "\\u2212311.4\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,896", "\\u221218.6\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,554.98", "+32.2\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+28.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,493.89", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nLooking Beyond Bitcoin\nAs East Asia’s business day begins, bitcoin is down 1% to $29,856, while ether is also down 1% to $1,896. Although many parts of the altcoin market are beginning the day as a sea of red, XRP is continuing its upwards trajectory, rising 5% to hit $0.77.\nThe current Bitcoin movements indicate that the market is range-bound and stagnant, Jake Boyle, the Chief Commercial Officer at Australian crypto exchange Caleb & Brown said on CoinDesk TV.\nWhile Bitcoin is experiencing some ups and downs around the $30,000 mark, Boyle argues that no major movements are expected until certain key events take place.\nStellar, Solana, and Optimism have shown explosive growth following last week\'s XRP news, each for different reasons.\n"Stellar is regularly associated with XRP... Optimism provides something new, it hasn\'t experienced a dramatic bull market, and it hasn\'t come down 99% from its all-time high," Boyle said.\nRight now, Boyle is interested in Ethereum as he’s observed a “noticeable increase in buying power against bitcoin.”\n“Ethereum is prone to upgrades. It’s prone to community changes,” he said, explaining how it\'s more receptive to news announcements and updates while bitcoin stays relatively constant.\n“Bitcoin is just bitcoin,” he said.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.9%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.7%", "DACS Sector": "Smart Contract Platform"}]\nCoinbase on the Rise?\nRipple\'spartial winlast week in its long-running Federal court feud with the Securities and Exchange Commission (SEC) will likely benefit Coinbase by clarifying a nettlesome aspect of crypto regulation and enabling the exchange to re-list certain tokens, John Todaro, a senior research analyst at broker Needham & Company, told CoinDesk TV\'s "First Mover" program Tuesday.\nTodaro noted that industry observers had feared a decision favoring the SEC would have required Coinbase to delist tokens, potentially costing it more than a third of its revenue.\n"It does remove some those concerns that along the way, Coinbase might have to delist a lot of assets, which is going to be a big deterrent to their exchange business, which is where they get most of their revenue," Todaro said, adding that the ruling would also "give institutional investors more clarity."\n"Now you can start digging into Coinbase fundamentals a bit more versus the stock only moving just on regulatory concerns or positive regulatory announcements."\nLast Thursday, a U.S. district court ruled that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales. In a research report the following day, Todaro and another analyst, Daniel Lehmann wrote that the decision could boost Coinbase shares by establishing that token sales through exchanges, at least in the case of XRP, did not violate securities laws.\nRead More:Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham\n"This outcome should moderately de-risk the regulatory pressure on the stock,” the analysts wrote.\nThe broker maintained a buy rating on Coinbase shares and raised its price target to $120 from $70. Coinbase shares closed at $104.59, down 0.9% but are up more than 23% since last Thursday.\nCoinbase has faced its own regulatory issues, including an SEC lawsuit last month accusing the exchange of violating securities law, and it also still addressing the fall-out from a lengthy bear market that has spooked investors.\nIn the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company\'s Q2 issues. "Folks should start looking at what\'s coming up," including next year\'s bitcoin halving, "which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation," he said, and described the exchange as "the only kind of adult left in the room at the exchange level.\nEthereum Community Conference\nGoldman Sachs second quarter earnings\nHKT/SGT(6:00 UTC)United Kingdom Consumer Price Index (MoM/June)\nHKT/SGT(9:00 UTC)Core Harmonized Index of Consumer Prices (MoM/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low\nBloomberg reported Coinbase CEO Brian Armstrong met with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shared his outlook on Coinbase (COIN)\'s stock performance. Aku creator and former MLB player Micah Johnson discussed teaming up with Starbucks. Caleb & Brown director Jake Boyle shared his crypto markets analysis. And, John Oliver from PwC weighed in on how traditional hedge funds view investing in crypto assets.\nBitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers:Thursday\'s rally to a new 13-month high of $31,800 has now more than been fully nullified.\nArkham\'s Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad:Users locked up a total of $2.4 billion in the launchpad to secure a better chance at receiving the full allocation.\nCelsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale:Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.\nLevered Bullish Longs Getting Liquidated as Bitcoin Market Softens:CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions\nReddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK:Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit\'s tokenized Community Points, one observer said while explaining the price rally.', 'Bitcoin slipped under US$30,000 in Wednesday morning trading in Asia on the back of profit-taking and liquidation of long positions after the recent run up on optimism spot exchange-traded funds for the token may win approval and attract institutional investment. Ether and most other top 10 non-stablecoin cryptocurrencies also declined in lower trading volume. Ripple’s XRP token was the exception, gaining almost 4% in early Asia trade as the tailwind continued from the company’s partial victory last week in the lawsuit brought by the U.S. securities regulator.\nBitcoin fell below the US$30,000 line that has offered floor support since late June and lost 2.46% for the week, according todatafrom CryptoMarketCap.\xa0 As of 06:40 a.m. in Hong Kong, the world’s biggest cryptocurrency traded at US$29,784.42, down 1.22% over the last 24 hours.\nThe token continued to fluctuate around the US$30,000 line later in the Asia morning as overall trading volume in cryptocurrencies fell more than 9% on the day.\nData from Coinglassshowed large liquidations in long positions in Bitcoin, or bets that prices for the token would rise further.\nEther dropped 0.76% to US$1,898.40, though it is still logging a 1.15% gain for the week.\nInvestors seemed unimpressed by the U.S. Securities and Exchange Commission (SEC)agreeingon Monday to review the application by digital asset manager Valkyrie Investments Inc. to launch a Bitcoin Spot exchange-traded fund (ETF).\nThe SEC agreed the same for the application by BlackRock on July 13, which along with several other Bitcoin ETF applications set off a bullish run in crypto for the past month. BlackRock is the world’s largest asset manager with US$9.4 trillion in assets. Tennessee-based Valkyriehad more thanUS$1 billion in assets under management in 2022.\nIn more background noise for crypto markets later today, Brian Armstrong – the chief executive officer of Coinbase, the largest crypto exchange in the U.S. – is expected to sit down with Democratic members of Congress to discuss regulation of digital assets, according toBloomberg.\nThe SEC suedCoinbaseon June 6, claiming that the exchange breached federal securities laws by offering unregistered financial securities to investors. Armstrong and other Coinbase executives havesaidthey will fight the SEC allegations in court.\nThe SEC on July 13 received asetbackin another lawsuit, filed more than two years ago, against Ripple Labs, when a U.S. district court ruled that Ripple Labs’ programmatic sales of its XRP cryptocurrency did not qualify as offerings of financial securities.\nThe Ripple ruling is a “potential watershed” for the broader crypto market, wrote Robert Quartly-Janeiro, the chief strategy officer of Singapore-based crypto exchange Bitrue, in an email statement shared withForkastTuesday.\nXRP was the only top 10 cryptocurrency to gain on Wednesday morning, adding 3.89% to US$0.7678, further extending its weekly surge of 61.26%.\nLosses were led by Polygon’s Matic and Solana. Polygon dipped 5.81% to US$0.7363, falling 0.36% in the past seven days.\nSolana lost 5.24% to US$25.33, but it’s holding gains of 15.01% for the week.\nThe total crypto market capitalization fell 0.50% in the past 24 hours to US$1.2 trillion, with trading volume dipping 9.49% to US$32.17 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.37% in the past 24 hours to 2,717.68 as of 07:45 a.m. in Hong Kong.\nTotal NFT trading volume fell 14.05% to US$17.83 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring the performance on Ethereum, Polygon and Cardano blockchains all dropped, while the Solana index rose.\n“We’re on pace for another yearly low for total global transactions today, and in general, sales are pretty unremarkable across blockchains,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “The top collections are struggling to even reach $500k in daily secondary sales, which is unusual to see. The index reflects a flat market.”\nEthereum-based Azuki NFT collection topped trading volume, rising 3.26% to US$972,691. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — ranked second in volume, gaining 5.05% to US$698,982.\nLuxury brand Louis Vuittonlaunchednew digital collectibles on Monday celebrating its Speedy 40 VIA bag, which was designed in collaboration with American singer-songwriter Pharrell.\n“Each [owner] will be given access to exclusive digital products, each accompanied by its physical twin,”tweetedGaspard Lézin, the NFT collection manager for Louis Vuitton, on Monday.\nU.S. stock futures traded flat as of 10:20 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Tuesday.\nIn Asia, Japan’s Nikkei 225 gained on the bullish U.S. market session that followed upbeat earnings reports from major corporations, according toTrading Economics.\nHowever, most other Asian stock markets continued a downtrend after China reported lower-than-expected economic growth of 6.3% for Q2 on Monday. The Shanghai Composite fell for the third consecutive session. Hong Kong’s Hang Seng, and South Korea’s Kospi also posted losses as of 10:40 a.m. in Hong Kong.\nU.S. financial heavyweightsBank of AmericaCorp. andMorgan Stanley& Co. both beat analyst estimates in Q2 earnings, lifting investor sentiment. Later on Wednesday, Tesla, Netflix, United Airlines and Goldman Sachs Group all report earnings for Q2.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise interest rates by 25 basis points at the next meeting on July 26. U.S. interest rates are now at 5% to 5.25%, the highest since 2006.\n(Updates to add equity section)', 'Bitcoin slipped under US$30,000 in Wednesday morning trading in Asia on the back of profit-taking and liquidation of long positions after the recent run up on optimism spot exchange-traded funds for the token may win approval and attract institutional investment. Ether and most other top 10 non-stablecoin cryptocurrencies also declined in lower trading volume. Ripple’s XRP token was the exception, gaining almost 4% in early Asia trade as the tailwind continued from the company’s partial victory last week in the lawsuit brought by the U.S. securities regulator.\nBitcoin fell below the US$30,000 line that has offered floor support since late June and lost 2.46% for the week, according todatafrom CryptoMarketCap.\xa0 As of 06:40 a.m. in Hong Kong, the world’s biggest cryptocurrency traded at US$29,784.42, down 1.22% over the last 24 hours.\nThe token continued to fluctuate around the US$30,000 line later in the Asia morning as overall trading volume in cryptocurrencies fell more than 9% on the day.\nData from Coinglassshowed large liquidations in long positions in Bitcoin, or bets that prices for the token would rise further.\nEther dropped 0.76% to US$1,898.40, though it is still logging a 1.15% gain for the week.\nInvestors seemed unimpressed by the U.S. Securities and Exchange Commission (SEC)agreeingon Monday to review the application by digital asset manager Valkyrie Investments Inc. to launch a Bitcoin Spot exchange-traded fund (ETF).\nThe SEC agreed the same for the application by BlackRock on July 13, which along with several other Bitcoin ETF applications set off a bullish run in crypto for the past month. BlackRock is the world’s largest asset manager with US$9.4 trillion in assets. Tennessee-based Valkyriehad more thanUS$1 billion in assets under management in 2022.\nIn more background noise for crypto markets later today, Brian Armstrong – the chief executive officer of Coinbase, the largest crypto exchange in the U.S. – is expected to sit down with Democratic members of Congress to discuss regulation of digital assets, according toBloomberg.\nThe SEC suedCoinbaseon June 6, claiming that the exchange breached federal securities laws by offering unregistered financial securities to investors. Armstrong and other Coinbase executives havesaidthey will fight the SEC allegations in court.\nThe SEC on July 13 received asetbackin another lawsuit, filed more than two years ago, against Ripple Labs, when a U.S. district court ruled that Ripple Labs’ programmatic sales of its XRP cryptocurrency did not qualify as offerings of financial securities.\nThe Ripple ruling is a “potential watershed” for the broader crypto market, wrote Robert Quartly-Janeiro, the chief strategy officer of Singapore-based crypto exchange Bitrue, in an email statement shared withForkastTuesday.\nXRP was the only top 10 cryptocurrency to gain on Wednesday morning, adding 3.89% to US$0.7678, further extending its weekly surge of 61.26%.\nLosses were led by Polygon’s Matic and Solana. Polygon dipped 5.81% to US$0.7363, falling 0.36% in the past seven days.\nSolana lost 5.24% to US$25.33, but it’s holding gains of 15.01% for the week.\nThe total crypto market capitalization fell 0.50% in the past 24 hours to US$1.2 trillion, with trading volume dipping 9.49% to US$32.17 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.37% in the past 24 hours to 2,717.68 as of 07:45 a.m. in Hong Kong.\nTotal NFT trading volume fell 14.05% to US$17.83 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring the performance on Ethereum, Polygon and Cardano blockchains all dropped, while the Solana index rose.\n“We’re on pace for another yearly low for total global transactions today, and in general, sales are pretty unremarkable across blockchains,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “The top collections are struggling to even reach $500k in daily secondary sales, which is unusual to see. The index reflects a flat market.”\nEthereum-based Azuki NFT collection topped trading volume, rising 3.26% to US$972,691. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — ranked second in volume, gaining 5.05% to US$698,982.\nLuxury brand Louis Vuittonlaunchednew digital collectibles on Monday celebrating its Speedy 40 VIA bag, which was designed in collaboration with American singer-songwriter Pharrell.\n“Each [owner] will be given access to exclusive digital products, each accompanied by its physical twin,”tweetedGaspard Lézin, the NFT collection manager for Louis Vuitton, on Monday.\nU.S. stock futures traded flat as of 10:20 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Tuesday.\nIn Asia, Japan’s Nikkei 225 gained on the bullish U.S. market session that followed upbeat earnings reports from major corporations, according toTrading Economics.\nHowever, most other Asian stock markets continued a downtrend after China reported lower-than-expected economic growth of 6.3% for Q2 on Monday. The Shanghai Composite fell for the third consecutive session. Hong Kong’s Hang Seng, and South Korea’s Kospi also posted losses as of 10:40 a.m. in Hong Kong.\nU.S. financial heavyweightsBank of AmericaCorp. andMorgan Stanley& Co. both beat analyst estimates in Q2 earnings, lifting investor sentiment. Later on Wednesday, Tesla, Netflix, United Airlines and Goldman Sachs Group all report earnings for Q2.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise interest rates by 25 basis points at the next meeting on July 26. U.S. interest rates are now at 5% to 5.25%, the highest since 2006.\n(Updates to add equity section)', 'Bitcoin slipped under US$30,000 in Wednesday morning trading in Asia on the back of profit-taking and liquidation of long positions after the recent run up on optimism spot exchange-traded funds for the token may win approval and attract institutional investment. Ether and most other top 10 non-stablecoin cryptocurrencies also declined in lower trading volume. Ripple’s XRP token was the exception, gaining almost 4% in early Asia trade as the tailwind continued from the company’s partial victory last week in the lawsuit brought by the U.S. securities regulator. Bitcoin, Ether retreat Bitcoin fell below the US$30,000 line that has offered floor support since late June and lost 2.46% for the week, according to data from CryptoMarketCap.\xa0 As of 06:40 a.m. in Hong Kong, the world’s biggest cryptocurrency traded at US$29,784.42, down 1.22% over the last 24 hours. The token continued to fluctuate around the US$30,000 line later in the Asia morning as overall trading volume in cryptocurrencies fell more than 9% on the day. Data from Coinglass showed large liquidations in long positions in Bitcoin, or bets that prices for the token would rise further. Ether dropped 0.76% to US$1,898.40, though it is still logging a 1.15% gain for the week. Investors seemed unimpressed by the U.S. Securities and Exchange Commission (SEC) agreeing on Monday to review the application by digital asset manager Valkyrie Investments Inc. to launch a Bitcoin Spot exchange-traded fund (ETF). The SEC agreed the same for the application by BlackRock on July 13, which along with several other Bitcoin ETF applications set off a bullish run in crypto for the past month. BlackRock is the world’s largest asset manager with US$9.4 trillion in assets. Tennessee-based Valkyrie had more than US$1 billion in assets under management in 2022. In more background noise for crypto markets later today, Brian Armstrong – the chief executive officer of Coinbase, the largest crypto exchange in the U.S. – is expected to sit down with Democratic members of Congress to discuss regulation of digital assets, according to Bloomberg . Story continues The SEC sued Coinbase on June 6, claiming that the exchange breached federal securities laws by offering unregistered financial securities to investors. Armstrong and other Coinbase executives have said they will fight the SEC allegations in court. The SEC on July 13 received a setback in another lawsuit, filed more than two years ago, against Ripple Labs, when a U.S. district court ruled that Ripple Labs’ programmatic sales of its XRP cryptocurrency did not qualify as offerings of financial securities. The Ripple ruling is a “potential watershed” for the broader crypto market, wrote Robert Quartly-Janeiro, the chief strategy officer of Singapore-based crypto exchange Bitrue, in an email statement shared with Forkast Tuesday. XRP was the only top 10 cryptocurrency to gain on Wednesday morning, adding 3.89% to US$0.7678, further extending its weekly surge of 61.26%. Losses were led by Polygon’s Matic and Solana. Polygon dipped 5.81% to US$0.7363, falling 0.36% in the past seven days. Solana lost 5.24% to US$25.33, but it’s holding gains of 15.01% for the week. The total crypto market capitalization fell 0.50% in the past 24 hours to US$1.2 trillion, with trading volume dipping 9.49% to US$32.17 billion. NFT trade sinks toward yearly low The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.37% in the past 24 hours to 2,717.68 as of 07:45 a.m. in Hong Kong. Total NFT trading volume fell 14.05% to US$17.83 million in the past 24 hours, according to data from CryptoSlam . Forkast NFT market indexes measuring the performance on Ethereum, Polygon and Cardano blockchains all dropped, while the Solana index rose. “We’re on pace for another yearly low for total global transactions today, and in general, sales are pretty unremarkable across blockchains,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “The top collections are struggling to even reach $500k in daily secondary sales, which is unusual to see. The index reflects a flat market.” Ethereum-based Azuki NFT collection topped trading volume, rising 3.26% to US$972,691. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — ranked second in volume, gaining 5.05% to US$698,982. Luxury brand Louis Vuitton launched new digital collectibles on Monday celebrating its Speedy 40 VIA bag, which was designed in collaboration with American singer-songwriter Pharrell. “Each [owner] will be given access to exclusive digital products, each accompanied by its physical twin,” tweeted Gaspard Lézin, the NFT collection manager for Louis Vuitton, on Monday. U.S. futures flat; CME predicts 99.8% chance of Fed rate hike Image: Envato Elements U.S. stock futures traded flat as of 10:20 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Tuesday. In Asia, Japan’s Nikkei 225 gained on the bullish U.S. market session that followed upbeat earnings reports from major corporations, according to Trading Economics . However, most other Asian stock markets continued a downtrend after China reported lower-than-expected economic growth of 6.3% for Q2 on Monday. The Shanghai Composite fell for the third consecutive session. Hong Kong’s Hang Seng, and South Korea’s Kospi also posted losses as of 10:40 a.m. in Hong Kong. U.S. financial heavyweights Bank of America Corp. and Morgan Stanley & Co. both beat analyst estimates in Q2 earnings, lifting investor sentiment. Later on Wednesday, Tesla, Netflix, United Airlines and Goldman Sachs Group all report earnings for Q2. The CME FedWatch Tool predicts a 99.8% chance the Fed will raise interest rates by 25 basis points at the next meeting on July 26. U.S. interest rates are now at 5% to 5.25%, the highest since 2006. (Updates to add equity section)', "REUTERS/Shannon Stapleton US stocks gained on a strong earnings season for among lenders. Earnings reports from Bank of America and Morgan Stanley beat expectations. But retail sales and industrial production fell short of hopes, signaling a consumer spending shift. US stocks climbed on Tuesday on strong bank earnings and as investors get ready for another wave of big reports to come on Wednesday. Retail sales and industrial production fell short of estimates to start the day on Tuesday.\xa0Retail rose by 0.2% in June, where estimates expected a 0.5% climb. At the same time, the Federal Reserve's measure of industrial production declined for a second month, dropping by 0.5%. Manufacturing output dropped 0.3%, the sharpest decline in three months. But weaker macro data was offset by an upside earnings surprise from Bank of America and Morgan Stanley, the latter of which beat estimates on record revenue in its wealth management unit. Looking ahead, Tesla and Netflix are among big names to release their earnings on Wednesday. Investors are expecting second-quarter reporting season to represent a trough in corporate earnings. Here's where US indexes stood at the 4:00 p.m. ET closing bell on Tuesday: S&P 500 : 4,554.98, up 0.71% Dow Jones Industrial Average : 34,951.93, up 1.06% (366.58 points) Nasdaq Composite : 14,353.64, up 0.76% Here's what else has happened today: Housing is facing its lowest inventory of all time as only 1% of homeowners sold their house in 2023's first half Tesla's board of directors will give back $735 million to settle claims of being overpaid. El Niño could cause inflation and supply chain disruptions , putting downside pressure on markets, Charles Schwab said. Investors are putting all their attention on Tesla's margins as they gear up for Wednesday's earnings report. A colder winter and a shut off in Russian gas exports would be bad news for Europe, the International Energy Agency warns. In commodities, bonds and crypto: West Texas Intermediate crude climbed 1.74% to $75.63 per barrel. Brent crude , oil's international benchmark, moved up 0.92% to $79.64. Gold rose 0.61% to $1977.36 per ounce. The yield on the 10-year Treasury edged up 0.4 basis points to 3.8%. Bitcoin declined 0.13% to $29,877.13. Read the original article on Business Insider", "• US stocks gained on a strong earnings season for among lenders.\n• Earnings reports from Bank of America and Morgan Stanley beat expectations.\n• But retail sales and industrial production fell short of hopes, signaling a consumer spending shift.\nUS stocks climbed on Tuesday on strong bank earnings and as investors get ready for another wave of big reports to come on Wednesday.\nRetail sales and industrial production fell short of estimates to start the day on Tuesday.\xa0Retail rose by 0.2% in June, where estimates expected a 0.5% climb. At the same time, the Federal Reserve's measure ofindustrial productiondeclined for a second month, dropping by 0.5%. Manufacturing output dropped 0.3%, the sharpest decline in three months.\nBut weaker macro data was offset by an upside earnings surprise from Bank of America and Morgan Stanley, the latter of which beat estimates on record revenue in its wealth management unit.\nLooking ahead,TeslaandNetflixare among big names to release their earnings on Wednesday. Investors are expecting second-quarter reporting season to represent a trough in corporate earnings.\nHere's where US indexes stood at the 4:00 p.m. ET closing bell on Tuesday:\n• S&P 500: 4,554.98, up 0.71%\n• Dow Jones Industrial Average: 34,951.93, up 1.06% (366.58 points)\n• Nasdaq Composite: 14,353.64, up 0.76%\nHere's what else has happened today:\n• Housing is facing its lowest inventoryof all time as only 1% of homeowners sold their house in 2023's first half\n• Tesla's board of directors will give back $735 millionto settle claims of being overpaid.\n• El Niño could cause inflation and supply chain disruptions, putting downside pressure on markets, Charles Schwab said.\n• Investors are putting all their attention on Tesla's marginsas they gear up for Wednesday's earnings report.\n• A colder winter and a shut off in Russian gas exportswould be bad news for Europe, the International Energy Agency warns.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeclimbed 1.74% to $75.63 per barrel.Brent crude, oil's international benchmark, moved up 0.92% to $79.64.\n• Goldrose 0.61% to $1977.36 per ounce.\n• The yield on the10-year Treasuryedged up 0.4 basis points to 3.8%.\n• Bitcoindeclined 0.13% to $29,877.13.\nRead the original article onBusiness Insider", "Crypto investors have poured money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.\nNew data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in four weeks to July 16. That's the second-highest monthly net inflow, only surpassed by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.\nThe total BTC-equivalent exposure is now at the highest since June 2022.\nETPs are a broad category of listed products that track some sort of underlying financial asset. Exchange Traded Funds (ETFs) are a particular subset of ETPs that typically hold a variety of financial products within a specific theme.\nWhile the Securities and Exchange Commission (SEC) has made the listing of crypto-based ETFs difficult, Europe,in contrast, has aplethora of ETPs availablefrom a range of issuers.\nLunde also noted that BITO has hit an all-time high of bitcoin equivalent exposure of 4,425 BTC. BITO provides investors with bitcoin-linked returns via a regulated product and holds over $1 billion worth of CME Bitcoin Futures.\n“BITO spikes have tended to occur near local market tops,” noted. “BITO's overall BTC exposure has structurally been flat from June 2022 until the past week, when the market saw its first notable range breakout.”\nIn June, BITO recorded itshighest-ever weekly inflowas BTC prices crossed $30,000. Toronto-listed bitcoin ETF BTCC, from Purpose Investments,is also reportinga high uptick in inward flow.", "Crypto investors have poured money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.\nNew data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in four weeks to July 16. That's the second-highest monthly net inflow, only surpassed by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.\nThe total BTC-equivalent exposure is now at the highest since June 2022.\nETPs are a broad category of listed products that track some sort of underlying financial asset. Exchange Traded Funds (ETFs) are a particular subset of ETPs that typically hold a variety of financial products within a specific theme.\nWhile the Securities and Exchange Commission (SEC) has made the listing of crypto-based ETFs difficult, Europe,in contrast, has aplethora of ETPs availablefrom a range of issuers.\nLunde also noted that BITO has hit an all-time high of bitcoin equivalent exposure of 4,425 BTC. BITO provides investors with bitcoin-linked returns via a regulated product and holds over $1 billion worth of CME Bitcoin Futures.\n“BITO spikes have tended to occur near local market tops,” noted. “BITO's overall BTC exposure has structurally been flat from June 2022 until the past week, when the market saw its first notable range breakout.”\nIn June, BITO recorded itshighest-ever weekly inflowas BTC prices crossed $30,000. Toronto-listed bitcoin ETF BTCC, from Purpose Investments,is also reportinga high uptick in inward flow.", 'A wallet that received over 61,000 ether (ETH) in the initial coin offering (ICO) eight years ago, transferred the entire amount to a wallet on Wednesday,blockchain datashows. The wallet is said to belong to crypto exchange Kraken.\nThese holdings are worth over $116 million at current prices. The ether was purchased for 31 cents a token during the ICO.\nWallet 0x8bmoved the tokensto another wallet, and then to theKraken-tagged wallet, the data shows. The owner of the wallet is unknown as of Wednesday. The only previous movement was when the wallet received ether from the genesis contract after Ethereum launched.\nSuch large movements from early participants are typically uncommon. This movement could mean the holder is preparing to sell tokens, stake on an exchange, or diversify their holdings for other tokens.\nThe movement is the latest in a line of old wallets moving tokens such as bitcoin (BTC) or ether (ETH) to exchanges this year.\nIn April, at least four wallets movedmillions worth of bitcoin to exchangesor to other wallets. These investors are colloquially known as "whales" because they hold large amounts of tokens in their digital wallets – which can influence the price or sentiment around a token because of the size of their holdings.', 'A wallet that received over 61,000 ether (ETH) in the initial coin offering (ICO) eight years ago, transferred the entire amount to a wallet on Wednesday, blockchain data shows. The wallet is said to belong to crypto exchange Kraken. These holdings are worth over $116 million at current prices. The ether was purchased for 31 cents a token during the ICO. Wallet 0x8b moved the tokens to another wallet, and then to the Kraken-tagged wallet , the data shows. The owner of the wallet is unknown as of Wednesday. The only Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $584,903,781,256 - Hash Rate: 396630963.9979439 - Transaction Count: 480249.0 - Unique Addresses: 745057.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin continued to trade flat at roughl$31,700 on Wednesday after the U.S. Bureau of Labor Statistics (BLS) published Junes inflation data , reflecting a monthly Consumer Price Index (CPI) increase of 0.2%, and a yearly increase of 3.0%. Ethereum also only faced a minor gain of 1.3%, per CoinGecko , and is now trading at nearly $1,900. The increase fell just short of economists' estimates as polled by Dow Jones, which expected a 0.3% month-over-month increase, and an annual rise of 3.1%. Meanwhile, core CPIwhich discounts the food and energy sectors due to their known volatilityrose by just 0.2% which is the smallest 1-month increase in that index since August 2021, per the BLS. Since March 2022, the Federal Reserve has rapidly risen its policy interest rate in a mission to bring searing inflation back to its 2% target in the United States, after peaking last June at 9.1%. So far, the central banks efforts seem to be paying off, with annualized inflation down 1% from last month alone. Sadly for investors, rising interest rates have also contributed to cratering stock and crypto prices throughout the last year, with both major tech and blockchain companies being forced to enact massive layoffs . As such, falling inflation is generally taken as bullish for markets, since it means the Fed is closer to ending its hawkish monetary policy. While the central bank chose to keep its policy rate unchanged last month, Fed Chairman Jerome Powell has been hesitant to indicate whether this means rate hikes will pause or resume in the near future. According to the CME FedWatch tool , markets are 91% confident that another 0.25% rate hike is in the cards at the next Federal Open Markets Committee Meeting (FOMC) on July 26. Bitcoin, Ethereum Falter as June Inflation Report Is Worse Than Expected Markets are still waiting on Junes Personal Consumption Index (PCI) figures, which track how consumers change their buying habits over time. This is the Feds preferred measure of inflation as its considered a strong predictor of where inflation is headed in the future. It currently projects this figure at 3.2%. Bitcoins non-reaction on Wednesday may be an indication of its current place in its cyclical market cycle. As reported by Glassnode on Monday, Bitcoins price has reached an equilibrium point which often signals an incoming accumulation phase during which the assets price trades flat for many months to come.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: XRP, XLM have a day in the spotlight. Bitcoin loses $30K. Insights: Ripple\'s partial victory left key questions unsettled. Preston Byrne told CoinDesk TV that lawmakers need to create a "legal regime" that accounts for digital assets\' unique characteristics. Prices CoinDesk Market Index (CMI) 1,260 +5.8 ▲ 0.5% Bitcoin (BTC) $29,917 +30.4 ▲ 0.1% Ethereum (ETH) $1,887 −10.7 ▼ 0.6% S&P 500 4,565.72 +10.7 ▲ 0.2% Gold $1,980 +3.0 ▲ 0.2% Nikkei 225 32,896.03 +402.1 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,260 +5.8 ▲ 0.5% Bitcoin (BTC) $29,917 +30.4 ▲ 0.1% Ethereum (ETH) $1,887 −10.7 ▼ 0.6% S&P 500 4,565.72 +10.7 ▲ 0.2% Gold $1,980 +3.0 ▲ 0.2% Nikkei 225 32,896.03 +402.1 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) XLM, XRP Lead Altcoin Rally XLM and XRP led a posse of altcoins out of a price quagmire of the past five days, rising by double-digits and outperforming still-sluggish bitcoin and ether on Wednesday. Blockchain-based payment platform Stellar Lumens\' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple\'s partial victory in a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents. Ripple\'s XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. The CoinDesk Market Index , a measure of crypto markets performance, was recently trading up 0.5% Markus Levin, co-founder of XYO Network, attributed XRP\'s Wednesday spike to continued excitement about last week\'s U.S. federal court decision, which established that XRP token sales on exchanges and through algorithms did not constitute investment contracts. The ruling has spurred a number of exchanges such as Coinbase, Kraken and Bitstamp to relist XRP, leading to a jump in investments, trading volumes and open interest for futures contracts. Story continues "In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures," Levin wrote in an email to CoinDesk. ADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900. Equity markets inched upward for a third consecutive day as investors continued their embrace of encouraging second quarter earnings by major financial services firms even after a 58% plunge in Goldman Sachs profits. The S&P 500 closed up 0.2%. In an email to CoinDesk, Lex Sokolin, managing Partner of Web3 investment fund Generative Ventures, wrote that markets\' lethargy in recent days reflects their cyclical nature. There\'s often "run-ups in anticipation and in response to news, and then a sell-off once the positive news has been incorporated into the price," Sokolin wrote. Crypto is full of momentum and narrative traders, and this pattern persists — "the market animal spirits." Noting multiple market friendly events in recent weeks, including the XRP decision, an improving macroeconomic landscape and BlackRock spot bitcoin ETF filing, he added: "Actually what matters is just the possibility of support." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +0.9% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −4.1% Smart Contract Platform Terra LUNA −1.7% Smart Contract Platform Cardano ADA −1.7% Smart Contract Platform Insights The Need for a Crypto-Specific "Legal Regime" A U.S. federal court\'s decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission (SEC). But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV\'s "First Mover program on Wednesday. Byrne said the ruling had surprised some lawyers by veering from more than 70 years of precedent following the Howey decision, which determines whether a transaction is a security. Regulators have wrestled with if and how the so-called Howey test should apply to digital assets. "The problem isn\'t that the decision provides certainty for Ripple in this particular litigation," Byrne said. "The reason there\'s uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent." Byrne added: "So as a consequence, you can\'t be sure where you stand in the United States. Some issuers are going to make the decision to proceed where perhaps they shouldn\'t, and other companies that might wish to proceed, if they had a beter regulatory regime – for example, in the United Kingdom or Europe, which provide a degree of certainty over regulatory treatment of tokens – may not so." The U.S. District Court of the Southern District of New York ruled that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. But the court decided less favorably to Ripple that the institutional sale of the tokens violated federal securities laws. Byrne said that "crypto isn\'t a security in the traditional sense," noting its "self-sovereign nature," and that "people spend it in applications which provide useful software." And he suggested that the U.S. Congress should create regulation that considers these unique characteristics. "We need a legal regime that recognizes that, while also providing enhanced protections for investors, such as regulation of financial promotions and disclosures by issuers, without shoehorning it (crypto) into a securities regime," Byrne said. He continued: "We need a regime which is make for crypto." Important events. EthCC (Paris, France) 9:30 a.m.HKT/SGT(1:30 UTC) Australia Unemployment Rate s.a. (June) 7:30 a.m. HKT/SGT(23:30 UTC) Japan National Consumer Price Index (YoY/June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Rep. Torres Calls on SEC to Rethink its \'Regulatory Assault\' on Crypto; Bitcoin Price Predictions Rep. Ritchie Torres (D-N.Y.) discussed the future of crypto regulation as the lawmaker calls out the SEC in the wake of the Ripple court ruling. Brown Rudnick partner Preston Byrne argued why the split decision from SEC v. Ripple Labs throws U.S. crypto-token regulation into disarray. And, ProChain Capital president David Tawil shared his crypto markets analysis. Headlines XRP Blockchain Still Faces Centralization Caveats as Ripple Regulatory Threat Recedes : Ripple scored a partial win against the SEC last week in a summary judgment that was celebrated across the crypto industry. Why does the project itself remain so controversial? The GBTC Discount Is Narrowing; Here\'s Why It Matters : The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts. Polygon Mulls Governance Restructure in Polygon 2.0 Roadmap : Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works. StarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings : The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native software stack. Solana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product : Marinade Finance contributors say the new service could appeal to institutional investors.', 'Good morning. Here’s what’s happening:\nPrices:XRP, XLM have a day in the spotlight. Bitcoin loses $30K.\nInsights:Ripple\'s partial victory left key questions unsettled. Preston Byrne told CoinDesk TV that lawmakers need to create a "legal regime" that accounts for digital assets\' unique characteristics.\nCoinDesk Market Index (CMI)\n1,260\n+5.8▲0.5%\nBitcoin (BTC)\n$29,917\n+30.4▲0.1%\nEthereum (ETH)\n$1,887\n−10.7▼0.6%\nS&P 500\n4,565.72\n+10.7▲0.2%\nGold\n$1,980\n+3.0▲0.2%\nNikkei 225\n32,896.03\n+402.1▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,260", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,917", "+30.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,887", "\\u221210.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,565.72", "+10.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,896.03", "+402.1\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nXLM, XRP Lead Altcoin Rally\nXLM and XRP led a posse of altcoins out of a price quagmire of the past five days, rising by double-digits and outperforming still-sluggish bitcoin and ether on Wednesday.\nBlockchain-based payment platform Stellar Lumens\' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple\'spartial victoryin a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents.\nRipple\'s XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. TheCoinDesk Market Index, a measure of crypto markets performance, was recently trading up 0.5%\nMarkus Levin, co-founder of XYO Network, attributed XRP\'s Wednesday spike to continued excitement about last week\'s U.S. federal court decision, which established that XRP token sales on exchanges and through algorithms did not constitute investment contracts. The ruling hasspurred a number of exchangessuch as Coinbase, Kraken and Bitstamp to relist XRP, leading to a jump in investments,trading volumesandopen interestfor futures contracts.\n"In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures," Levin wrote in an email to CoinDesk.\nADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900.\nEquity markets inched upward for a third consecutive day as investors continued their embrace of encouraging second quarter earnings by major financial services firms even after a 58% plunge in Goldman Sachs profits. The S&P 500 closed up 0.2%.\nIn an email to CoinDesk, Lex Sokolin, managing Partner of Web3 investment fund Generative Ventures, wrote that markets\' lethargy in recent days reflects their cyclical nature. There\'s often "run-ups in anticipation and in response to news, and then a sell-off once the positive news has been incorporated into the price," Sokolin wrote. Crypto is full of momentum and narrative traders, and this pattern persists — "the market animal spirits."\nNoting multiple market friendly events in recent weeks, including the XRP decision, an improving macroeconomic landscape and BlackRock spot bitcoin ETF filing, he added: "Actually what matters is just the possibility of support."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+0.9%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}]\nThe Need for a Crypto-Specific "Legal Regime"\nA U.S. federal court\'s decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission (SEC). But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV\'s "First Mover program on Wednesday.\nByrne said the ruling had surprised some lawyers by veering from more than 70 years of precedent following the Howey decision, which determines whether a transaction is a security. Regulators have wrestled with if and how the so-called Howey test should apply to digital assets.\n"The problem isn\'t that the decision provides certainty for Ripple in this particular litigation," Byrne said. "The reason there\'s uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent."\nByrne added: "So as a consequence, you can\'t be sure where you stand in the United States. Some issuers are going to make the decision to proceed where perhaps they shouldn\'t, and other companies that might wish to proceed, if they had a beter regulatory regime – for example, in the United Kingdom or Europe, which provide a degree of certainty over regulatory treatment of tokens – may not so."\nThe U.S. District Court of the Southern District of New Yorkruledthat the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. But the court decided less favorably to Ripple that the institutional sale of the tokens violated federal securities laws.\nByrne said that "crypto isn\'t a security in the traditional sense," noting its "self-sovereign nature," and that "people spend it in applications which provide useful software." And he suggested that the U.S. Congress should create regulation that considers these unique characteristics.\n"We need a legal regime that recognizes that, while also providing enhanced protections for investors, such as regulation of financial promotions and disclosures by issuers, without shoehorning it (crypto) into a securities regime," Byrne said.\nHe continued: "We need a regime which is make for crypto."\nEthCC (Paris, France)\n9:30 a.m.HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (June)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Torres Calls on SEC to Rethink its \'Regulatory Assault\' on Crypto; Bitcoin Price Predictions\nRep. Ritchie Torres (D-N.Y.) discussed the future of crypto regulation as the lawmaker calls out the SEC in the wake of the Ripple court ruling. Brown Rudnick partner Preston Byrne argued why the split decision from SEC v. Ripple Labs throws U.S. crypto-token regulation into disarray. And, ProChain Capital president David Tawil shared his crypto markets analysis.\nXRP Blockchain Still Faces Centralization Caveats as Ripple Regulatory Threat Recedes:Ripple scored a partial win against the SEC last week in a summary judgment that was celebrated across the crypto industry. Why does the project itself remain so controversial?\nThe GBTC Discount Is Narrowing; Here\'s Why It Matters:The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts.\nPolygon Mulls Governance Restructure in Polygon 2.0 Roadmap:Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works.\nStarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings:The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native software stack.\nSolana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product:Marinade Finance contributors say the new service could appeal to institutional investors.', 'Good morning. Here’s what’s happening:\nPrices:XRP, XLM have a day in the spotlight. Bitcoin loses $30K.\nInsights:Ripple\'s partial victory left key questions unsettled. Preston Byrne told CoinDesk TV that lawmakers need to create a "legal regime" that accounts for digital assets\' unique characteristics.\nCoinDesk Market Index (CMI)\n1,260\n+5.8▲0.5%\nBitcoin (BTC)\n$29,917\n+30.4▲0.1%\nEthereum (ETH)\n$1,887\n−10.7▼0.6%\nS&P 500\n4,565.72\n+10.7▲0.2%\nGold\n$1,980\n+3.0▲0.2%\nNikkei 225\n32,896.03\n+402.1▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,260", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,917", "+30.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,887", "\\u221210.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,565.72", "+10.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,896.03", "+402.1\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nXLM, XRP Lead Altcoin Rally\nXLM and XRP led a posse of altcoins out of a price quagmire of the past five days, rising by double-digits and outperforming still-sluggish bitcoin and ether on Wednesday.\nBlockchain-based payment platform Stellar Lumens\' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple\'spartial victoryin a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents.\nRipple\'s XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. TheCoinDesk Market Index, a measure of crypto markets performance, was recently trading up 0.5%\nMarkus Levin, co-founder of XYO Network, attributed XRP\'s Wednesday spike to continued excitement about last week\'s U.S. federal court decision, which established that XRP token sales on exchanges and through algorithms did not constitute investment contracts. The ruling hasspurred a number of exchangessuch as Coinbase, Kraken and Bitstamp to relist XRP, leading to a jump in investments,trading volumesandopen interestfor futures contracts.\n"In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures," Levin wrote in an email to CoinDesk.\nADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900.\nEquity markets inched upward for a third consecutive day as investors continued their embrace of encouraging second quarter earnings by major financial services firms even after a 58% plunge in Goldman Sachs profits. The S&P 500 closed up 0.2%.\nIn an email to CoinDesk, Lex Sokolin, managing Partner of Web3 investment fund Generative Ventures, wrote that markets\' lethargy in recent days reflects their cyclical nature. There\'s often "run-ups in anticipation and in response to news, and then a sell-off once the positive news has been incorporated into the price," Sokolin wrote. Crypto is full of momentum and narrative traders, and this pattern persists — "the market animal spirits."\nNoting multiple market friendly events in recent weeks, including the XRP decision, an improving macroeconomic landscape and BlackRock spot bitcoin ETF filing, he added: "Actually what matters is just the possibility of support."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+0.9%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}]\nThe Need for a Crypto-Specific "Legal Regime"\nA U.S. federal court\'s decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission (SEC). But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV\'s "First Mover program on Wednesday.\nByrne said the ruling had surprised some lawyers by veering from more than 70 years of precedent following the Howey decision, which determines whether a transaction is a security. Regulators have wrestled with if and how the so-called Howey test should apply to digital assets.\n"The problem isn\'t that the decision provides certainty for Ripple in this particular litigation," Byrne said. "The reason there\'s uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent."\nByrne added: "So as a consequence, you can\'t be sure where you stand in the United States. Some issuers are going to make the decision to proceed where perhaps they shouldn\'t, and other companies that might wish to proceed, if they had a beter regulatory regime – for example, in the United Kingdom or Europe, which provide a degree of certainty over regulatory treatment of tokens – may not so."\nThe U.S. District Court of the Southern District of New Yorkruledthat the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. But the court decided less favorably to Ripple that the institutional sale of the tokens violated federal securities laws.\nByrne said that "crypto isn\'t a security in the traditional sense," noting its "self-sovereign nature," and that "people spend it in applications which provide useful software." And he suggested that the U.S. Congress should create regulation that considers these unique characteristics.\n"We need a legal regime that recognizes that, while also providing enhanced protections for investors, such as regulation of financial promotions and disclosures by issuers, without shoehorning it (crypto) into a securities regime," Byrne said.\nHe continued: "We need a regime which is make for crypto."\nEthCC (Paris, France)\n9:30 a.m.HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (June)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Torres Calls on SEC to Rethink its \'Regulatory Assault\' on Crypto; Bitcoin Price Predictions\nRep. Ritchie Torres (D-N.Y.) discussed the future of crypto regulation as the lawmaker calls out the SEC in the wake of the Ripple court ruling. Brown Rudnick partner Preston Byrne argued why the split decision from SEC v. Ripple Labs throws U.S. crypto-token regulation into disarray. And, ProChain Capital president David Tawil shared his crypto markets analysis.\nXRP Blockchain Still Faces Centralization Caveats as Ripple Regulatory Threat Recedes:Ripple scored a partial win against the SEC last week in a summary judgment that was celebrated across the crypto industry. Why does the project itself remain so controversial?\nThe GBTC Discount Is Narrowing; Here\'s Why It Matters:The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts.\nPolygon Mulls Governance Restructure in Polygon 2.0 Roadmap:Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works.\nStarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings:The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native software stack.\nSolana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product:Marinade Finance contributors say the new service could appeal to institutional investors.', 'Bitcoin edged higher in Thursday morning trading in Asia, along with most other top 10 non-stablecoin cryptocurrencies, but the token has lost much of its support at the US$30,000 line. Investors said buying enthusiasm for Bitcoin has faded after recent gains sparked by exchange-traded fund (ETF) applications and Ripple’s favorable court ruling in the case brought by the Securities and Exchange Commission. Ether fell back.\nBitcoin rose 0.44% to US$29,919.68 as of 6:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fluctuated around the US$30,000 support price earlier in the morning, but is now down 1.45% in the past seven days.\n“Crypto has been relatively flat following a stream of good news,” Nick Ruck, the chief operating officer of Singapore-based blockchain infrastructure platform ContentFi Labs, said in emailed comments. “The Bitcoin ETF news has been priced in and the market is waiting to see the financial products in action.”\nThe world’s largest asset manager, BlackRock and several other U.S. financial institutions startedfiling applicationsfor Spot Bitcoin ETFs from mid-June, helping move Bitcoin’s price north of US$31,500 at one stage last week.\nRuck added that the U.S. courtrulinglast week in favor of Ripple Labs and its XRP token also helped drive the price gains, but the case isn’t the end of the regulatory war since the SEC can appeal the case to a higher court.\n“This case also didn’t finalize whether XRP and other tokens are securities, but instead added more regulatory confusion on how and when a token can be considered a security in some cases but not others,” said Ruck.\nAdrian Wang, the chief executive officer of Hong Kong-based digital asset manager Metalpha, agreed the optimism around XRP and ETFs looked to have run out of steam. He added in emailed comments that XRP had only a partial victory as the district court said “institutional sales of the tokens violated federal securities laws.”\nNonetheless, Ripple was the biggest gainer among the top 10 non-stablecoin cryptocurrencies Thursday morning. The token jumped 8.02% to US$0.8275 and added to a weekly surge of 75.85%.\nOther gainers included Cardano, which added 5.81% to US$0.3224 and is up 12.04% for the week. Solana rose 4.67% to US$26.53 for a weekly gain of 20.62%.\nOn Wednesday, Solana Labs, the blockchain infrastructure developer behind the token of the same name,introduceda new developer tool named Solang that it said will make smart contracts on the blockchain more accessible.\nEther was the main loser in early Asia trading, with the second largest cryptocurrency by market capitalization slipping 0.37% to US$1,892.30.\xa0 However, it is still up 1.17% in the last week and has gained 57% for the year to date.\nThe total crypto market capitalization edged up 0.01% in the past 24 hours to US$1.2 trillion, with trading volume dipped 3.50% to US$31.11 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.25% in the past 24 hours to 2,710.26 as of 08:00 a.m. in Hong Kong. The index rose 0.47% in the last seven days.\nTotal NFT trading volume fell 16.91% to US$15.87 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\n“Sales are very slow across all blockchains, which allows for newer mints like Garbage Bags to enter the top 10 collection rankings with just over US$200,000 in sales,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Ethereum blockchain-based Garbage Bags placed seventh on CryptoSlam’s NFT collection ranking by trading volume, rising 19.75% to US$281,775. The NFT collection was firstmintedon July 17, with a supply of 6,500 NFTs.\nAzuki performed best in terms of sales volume on Thursday, surging 92.06% to US$826,007. ImmutableX’s trading card game NFT collection Gods Unchained placed second with US$679,479.\nTotal trading volume on Ethereum, the largest NFT network, dropped 22.08% to US$10.52 million, with 12,244 buyers.\n“Ethereum has managed to cross 10k unique buyers, a number it has only fallen below a few times this year,” commented Forkast Labs’ Petscher. However, there is now a sense that\xa0the 10,000 unique buyer threshold could soon be under threat.\n“With NFTs losing steam it’s likely we’ll see it fall below this threshold soon, especially as NFTs enter the slower time of the NFT market in the second half of the year,” Petscher added.\nTrading volume on the Bitcoin network also fell 8.14% to a thin trade of US$1.12 million. That figure is less than half the sales volume recorded on the network at the beginning of this month.\nDespite the general decline in market activity, NFTs continue to make an impact in the art world. New York’s Jackson Pollock Studioreleasedan art collection on Wednesday that includes both NFTs and physical prints of the late painter’s abstract expressionist work.\nNamed “Beyond the Edge,” the 500 Ethereum-based NFT artworks were released in collaboration with digital art platform Iconic Moments.\nElsewhere, at Wednesday’sArt+Tech Summitheld in New York’s Christie’s modern art museum,\xa0 a group of digital art experts gathered for a panel discussion titled “AI, Digital Assets and the Future of Museums and Galleries.”\nOne theme central to the discussion was the use of blockchain technologies including NFTs as a way of making\xa0 art institutions more accessible to audiences.\nSpeaking during the panel, Miami Institute of Contemporary Art’s Anthony Troisi said that the decentralized nature of NFT art offers vast possibilities for institutions, and that they are now “just scratching the surface” in the exploration of the technology — a potentially positive omen for the future of the wider NFT market.\nDuring Wednesday’s regular trading session, the Dow Jones and S&P 500 gained while the Nasdaq index dipped. The three major U.S. stock futures indexes dropped as of 11:20 a.m. in Hong Kong on Thursday, with the tech-heavy Nasdaq declining the most at 0.50%.\nTesla shares dropped despite reporting record-high quarterly revenue in Wednesday’s Q2 earnings call, aslower operating marginsoutweighed concern for investors. Elsewhere, stocks in Netflixplungedas the streaming giant posted lower-than-expected revenue.\nGoldman Sachs alsoreportedmissed estimates in its earnings report. The report revealed a 60% drop in profits during the second quarter due to write-downs in consumer business and real estate. However, with shares rising 2%, the firm’s CEO David Solomon nonetheless anticipates an imminent recovery in the investment banking sector.\nReutersreportsthat Solomon told a group of analysts via a conference call that he had noticed an increasing sense of positivity over the past six to eight weeks. “The inflation data’s been better, the client sentiment is better, and now we’ll have to watch and see,” he said.\nGlobal information technology conglomerateIBMreported mixed results in the second quarter. While earnings exceeded expectations,revenuefell short.\nInvestors now await more earnings reports on Thursday from U.S. heavyweights including Johnson & Johnson, Philip Morris, Lenovo Group and American Airlines.\nThe main stock markets in Asia were mixed. China’s Shanghai Composite Index and Japan’s Nikkei 225 fell, while Hong Kong’s Hang Seng Index jumped back up from a two-day decline. South Korea’s Kospi index also edged upward.\nMeanwhile, the U.S. Federal Reserve is holding its next Federal Open Market Committee meeting on July 26. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will use the meeting to announce a further 25 basis points raise that will take the interest rate to the 5.25%-5.50% range.\n(Updates to add equity section)', 'Bitcoin edged higher in Thursday morning trading in Asia, along with most other top 10 non-stablecoin cryptocurrencies, but the token has lost much of its support at the US$30,000 line. Investors said buying enthusiasm for Bitcoin has faded after recent gains sparked by exchange-traded fund (ETF) applications and Ripple’s favorable court ruling in the case brought by the Securities and Exchange Commission. Ether fell back.\nBitcoin rose 0.44% to US$29,919.68 as of 6:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fluctuated around the US$30,000 support price earlier in the morning, but is now down 1.45% in the past seven days.\n“Crypto has been relatively flat following a stream of good news,” Nick Ruck, the chief operating officer of Singapore-based blockchain infrastructure platform ContentFi Labs, said in emailed comments. “The Bitcoin ETF news has been priced in and the market is waiting to see the financial products in action.”\nThe world’s largest asset manager, BlackRock and several other U.S. financial institutions startedfiling applicationsfor Spot Bitcoin ETFs from mid-June, helping move Bitcoin’s price north of US$31,500 at one stage last week.\nRuck added that the U.S. courtrulinglast week in favor of Ripple Labs and its XRP token also helped drive the price gains, but the case isn’t the end of the regulatory war since the SEC can appeal the case to a higher court.\n“This case also didn’t finalize whether XRP and other tokens are securities, but instead added more regulatory confusion on how and when a token can be considered a security in some cases but not others,” said Ruck.\nAdrian Wang, the chief executive officer of Hong Kong-based digital asset manager Metalpha, agreed the optimism around XRP and ETFs looked to have run out of steam. He added in emailed comments that XRP had only a partial victory as the district court said “institutional sales of the tokens violated federal securities laws.”\nNonetheless, Ripple was the biggest gainer among the top 10 non-stablecoin cryptocurrencies Thursday morning. The token jumped 8.02% to US$0.8275 and added to a weekly surge of 75.85%.\nOther gainers included Cardano, which added 5.81% to US$0.3224 and is up 12.04% for the week. Solana rose 4.67% to US$26.53 for a weekly gain of 20.62%.\nOn Wednesday, Solana Labs, the blockchain infrastructure developer behind the token of the same name,introduceda new developer tool named Solang that it said will make smart contracts on the blockchain more accessible.\nEther was the main loser in early Asia trading, with the second largest cryptocurrency by market capitalization slipping 0.37% to US$1,892.30.\xa0 However, it is still up 1.17% in the last week and has gained 57% for the year to date.\nThe total crypto market capitalization edged up 0.01% in the past 24 hours to US$1.2 trillion, with trading volume dipped 3.50% to US$31.11 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.25% in the past 24 hours to 2,710.26 as of 08:00 a.m. in Hong Kong. The index rose 0.47% in the last seven days.\nTotal NFT trading volume fell 16.91% to US$15.87 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\n“Sales are very slow across all blockchains, which allows for newer mints like Garbage Bags to enter the top 10 collection rankings with just over US$200,000 in sales,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Ethereum blockchain-based Garbage Bags placed seventh on CryptoSlam’s NFT collection ranking by trading volume, rising 19.75% to US$281,775. The NFT collection was firstmintedon July 17, with a supply of 6,500 NFTs.\nAzuki performed best in terms of sales volume on Thursday, surging 92.06% to US$826,007. ImmutableX’s trading card game NFT collection Gods Unchained placed second with US$679,479.\nTotal trading volume on Ethereum, the largest NFT network, dropped 22.08% to US$10.52 million, with 12,244 buyers.\n“Ethereum has managed to cross 10k unique buyers, a number it has only fallen below a few times this year,” commented Forkast Labs’ Petscher. However, there is now a sense that\xa0the 10,000 unique buyer threshold could soon be under threat.\n“With NFTs losing steam it’s likely we’ll see it fall below this threshold soon, especially as NFTs enter the slower time of the NFT market in the second half of the year,” Petscher added.\nTrading volume on the Bitcoin network also fell 8.14% to a thin trade of US$1.12 million. That figure is less than half the sales volume recorded on the network at the beginning of this month.\nDespite the general decline in market activity, NFTs continue to make an impact in the art world. New York’s Jackson Pollock Studioreleasedan art collection on Wednesday that includes both NFTs and physical prints of the late painter’s abstract expressionist work.\nNamed “Beyond the Edge,” the 500 Ethereum-based NFT artworks were released in collaboration with digital art platform Iconic Moments.\nElsewhere, at Wednesday’sArt+Tech Summitheld in New York’s Christie’s modern art museum,\xa0 a group of digital art experts gathered for a panel discussion titled “AI, Digital Assets and the Future of Museums and Galleries.”\nOne theme central to the discussion was the use of blockchain technologies including NFTs as a way of making\xa0 art institutions more accessible to audiences.\nSpeaking during the panel, Miami Institute of Contemporary Art’s Anthony Troisi said that the decentralized nature of NFT art offers vast possibilities for institutions, and that they are now “just scratching the surface” in the exploration of the technology — a potentially positive omen for the future of the wider NFT market.\nDuring Wednesday’s regular trading session, the Dow Jones and S&P 500 gained while the Nasdaq index dipped. The three major U.S. stock futures indexes dropped as of 11:20 a.m. in Hong Kong on Thursday, with the tech-heavy Nasdaq declining the most at 0.50%.\nTesla shares dropped despite reporting record-high quarterly revenue in Wednesday’s Q2 earnings call, aslower operating marginsoutweighed concern for investors. Elsewhere, stocks in Netflixplungedas the streaming giant posted lower-than-expected revenue.\nGoldman Sachs alsoreportedmissed estimates in its earnings report. The report revealed a 60% drop in profits during the second quarter due to write-downs in consumer business and real estate. However, with shares rising 2%, the firm’s CEO David Solomon nonetheless anticipates an imminent recovery in the investment banking sector.\nReutersreportsthat Solomon told a group of analysts via a conference call that he had noticed an increasing sense of positivity over the past six to eight weeks. “The inflation data’s been better, the client sentiment is better, and now we’ll have to watch and see,” he said.\nGlobal information technology conglomerateIBMreported mixed results in the second quarter. While earnings exceeded expectations,revenuefell short.\nInvestors now await more earnings reports on Thursday from U.S. heavyweights including Johnson & Johnson, Philip Morris, Lenovo Group and American Airlines.\nThe main stock markets in Asia were mixed. China’s Shanghai Composite Index and Japan’s Nikkei 225 fell, while Hong Kong’s Hang Seng Index jumped back up from a two-day decline. South Korea’s Kospi index also edged upward.\nMeanwhile, the U.S. Federal Reserve is holding its next Federal Open Market Committee meeting on July 26. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will use the meeting to announce a further 25 basis points raise that will take the interest rate to the 5.25%-5.50% range.\n(Updates to add equity section)', 'Robert F. Kennedy Jr Promises to Back US Dollar With Bitcoin, Remove Capital Gains Tax for BTC if Elected Democratic Presidential Candidate Robert F. Kennedy Jr. Made These Pro-Bitcoin Remarks Democratic presidential candidate Robert F. Kennedy Jr. has proposed backing the US dollar with Bitcoin if he is elected president. Kennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency. He also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US. Kennedy made these pro-Bitcoin remarks following his announcement that he would accept contributions to his political campaign in Bitcoin and his disclosure that he may own up to $250,000 worth of Bitcoin . Other candidates for president have also made broad commitments related to cryptocurrencies, with Republican Ron DeSantis promising to outlaw central bank digital currencies if elected. View comments', 'Democratic presidential candidateRobert F. Kennedy Jr.has proposed backing the US dollar withBitcoinif he is elected president.\nKennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency.\nHe also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US. Kennedy made these pro-Bitcoin remarks following his announcement that he would accept contributions to his political campaign in Bitcoin and hisdisclosure that he may own up to $250,000 worth of Bitcoin.\nOther candidates for president have also made broad commitments related to cryptocurrencies, with Republican Ron DeSantis promising to outlaw central bank digital currencies if elected.', 'Democratic presidential candidateRobert F. Kennedy Jr.has proposed backing the US dollar withBitcoinif he is elected president.\nKennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency.\nHe also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US. Kennedy made these pro-Bitcoin remarks following his announcement that he would accept contributions to his political campaign in Bitcoin and hisdisclosure that he may own up to $250,000 worth of Bitcoin.\nOther candidates for president have also made broad commitments related to cryptocurrencies, with Republican Ron DeSantis promising to outlaw central bank digital currencies if elected.', "Tesla\x92s Bitcoin Holdings on Balance Sheet Remains at $184M Tesla\x92s Bitcoin Holdings on Balance Sheet Remained Unchanged Tesla's digital asset holdings remained unchanged, with $184 million worth of digital assets still included on its balance sheet as of Q2 2023. Due to accounting regulations that prevent unrealized gains on cryptocurrencies from being recorded, the value of the holdings remained unchanged throughout the quarter even though the price of Bitcoin increased by about 7%. Tesla reported purchasing $1.5 billion in Bitcoin in February 2021 and selling almost 75% of its Bitcoin holdings in Q2 2022, bringing the entire value of digital assets on its balance sheet down to $218 million. Tesla's CEO, Elon Musk, stated that the firm is open to boosting its Bitcoin holdings in the future during the company's earnings call in July 2022. Later, in Q4 2022, the corporation cut its holdings of digital assets from $218 million to $184 million, and it has remained at that level ever since. Musk is known for his fondness for Dogecoin but has also said he's not advising anyone to buy crypto or bet the farm on Dogecoin.", "Tesla's digital asset holdings remained unchanged, with $184 million worth of digital assets still included on its balance sheet as of Q2 2023.\nDue to accounting regulations that prevent unrealized gains on cryptocurrencies from being recorded, the value of the holdings remained unchanged throughout the quarter even though the price ofBitcoinincreased by about 7%.\nTesla reported purchasing $1.5 billion in Bitcoin in February 2021 and selling almost 75% of its Bitcoin holdings in Q2 2022, bringing the entire value of digital assets on its balance sheet down to $218 million.\nTesla's CEO, Elon Musk, stated that the firm is open to boosting its Bitcoin holdings in the future during the company's earnings call in July 2022. Later, in Q4 2022, the corporation cut its holdings of digital assets from $218 million to $184 million, and it has remained at that level ever since.\nMusk is known for his fondness forDogecoinbut has also said he's not advising anyone to buy crypto or bet the farm on Dogecoin.", "Tesla's digital asset holdings remained unchanged, with $184 million worth of digital assets still included on its balance sheet as of Q2 2023.\nDue to accounting regulations that prevent unrealized gains on cryptocurrencies from being recorded, the value of the holdings remained unchanged throughout the quarter even though the price ofBitcoinincreased by about 7%.\nTesla reported purchasing $1.5 billion in Bitcoin in February 2021 and selling almost 75% of its Bitcoin holdings in Q2 2022, bringing the entire value of digital assets on its balance sheet down to $218 million.\nTesla's CEO, Elon Musk, stated that the firm is open to boosting its Bitcoin holdings in the future during the company's earnings call in July 2022. Later, in Q4 2022, the corporation cut its holdings of digital assets from $218 million to $184 million, and it has remained at that level ever since.\nMusk is known for his fondness forDogecoinbut has also said he's not advising anyone to buy crypto or bet the farm on Dogecoin.", "Reuters / Brendan McDermid Stocks rose on Wednesday, with the Dow extending its winning streak to eight days. Investors are hoping for more upbeat earnings reports for the second quarter. Big tech firms including Tesla, Netflix, and IBM are set to report after the closing bell. Stocks rose Wednesday as earnings season ramped up, with the Dow Jones Industrial Average notching its eighth consecutive gain. Blue chips are now in their longest winning streak since September 2019 and are at their highest level since early 2022. Investors are hoping for more upbeat earnings amid a strong reporting season so far. Of the S&P 500 companies that have released their financials for the second quarter, 80% have reported earnings above analysts' estimates, FactSet data shows. Markets are eyeing earnings for Big Tech firms next, with Tesla , Netflix , and IBM set to report late Wednesday. Here's where US indexes stood shortly after the 4 p.m. ET closing bell on Wednesday: S&P 500 : 4,565.72, up 0.24% Dow Jones Industrial Average : 35,061.21, up 0.31% (109.28 points) Nasdaq Composite : 14,358.02, up 0.03% Here's what else is happening today: There's one reason to buy Tesla stock — and it has nothing to do with its EV business, according to one strategist. Investors pumped $45 billion into stocks last month , the biggest inflow seen in over a year. Office vacancy just hit an all-time-high despite more people returning to in-person work. Buyers are getting rejected for loans at the fastest rate in five years. There are four bearish scenarios that could rock the stock market by year-end, according to DataTrek Research. Russia received millions worth in equipment from the US to keep its oil trade afloat, according to a new report. In commodities, bonds, and crypto: Oil fell. West Texas Intermediate crude slipped 0.6% to $75.30 a barrel. Brent, the international benchmark, slipped 0.3% to $79.39 per barrel. Gold inched lower 0.03% to $1,978.31 an ounce. The 10-year Treasury yield dipped 4 basis points to 3.742%. Bitcoin ticked higher 0.63% to $30,064. Read the original article on Business Insider View comments", "• Stocks rose on Wednesday, with the Dow extending its winning streak to eight days.\n• Investors are hoping Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $578,785,359,094 - Hash Rate: 343032185.0793028 - Transaction Count: 400400.0 - Unique Addresses: 685150.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Abhirup Roy SAN FRANCISCO (Reuters) - BTC Power will add Tesla's standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford and General Motors sent shockwaves through the industry by adopting the technology. Privately-owned BTC, a supplier to 7-Eleven and fleet operators, is the fourth major fast charger maker to embrace Tesla's standard, following ABB E-mobility North America, Tritium DCFC, and SK Signet. A national EV charging network is key to addressing worries about range and luring customers away from combustion engine driven vehicles and BTC's decision accelerates Tesla's push to dominate the nascent yet fast-growing industry. "By including the NACS (North American Charging Standard) connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said. Santa Ana, California-based BTC has sold more than 22,000 chargers - more than half of them high-speed ones - to charge point operators, fleets and retailers, and counts Electrify America, Ford and Amazon.com among its customers. Reuters first reported on Tuesday that electric pickup maker Rivian would adopt Tesla's charging standard. Along with the backing of the two Detroit automakers, that also helps Tesla chief Elon Musk's push to upend the Combined Charging System (CCS) favored by the Biden administration. The White House, which aims to spur deployment of hundreds of thousands of chargers, said this month EV charging stations with Tesla plugs would be eligible for billions of dollars in federal subsidies as long as they offer CCS connectivity. Charger makers and CCS operators such as EVgo and Chargepoint have rushed to announce the addition of NACS, despite certain concerns, vying to win Tesla users and limit the risk of losing billing if they only offer CCS. Tesla shares gained 5% on Tuesday and have more than doubled so far this year. Rivian was up 5.8% on Tuesday. Its stock has lost 19% this year. (Reporting by Abhirup Roy in San Francisco; Editing by Peter Henderson and Alexander Smith) View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory.\nInsights:Bitcoin\'s Fear and Greed Index reflects a market that hasn\'t been going anywhere fast for the better part of six weeks.\nCoinDesk Market Index (CMI)\n1,258\n−0.9▼0.1%\nBitcoin (BTC)\n$29,809\n−101.1▼0.3%\nEthereum (ETH)\n$1,892\n+2.9▲0.2%\nS&P 500\n4,534.87\n−30.9▼0.7%\nGold\n$1,975\n−3.0▼0.2%\nNikkei 225\n32,490.52\n−405.5▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "\\u22120.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,809", "\\u2212101.1\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,892", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,534.87", "\\u221230.9\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "\\u22123.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,490.52", "\\u2212405.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nMarkets Remain Sluggish, but Not LINK\nA tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance.\nBitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long.\n“There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk.\nGeorgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market."\nEther, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much.\nThe big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink\'s release of an interoperability protocol.\nRead More:Chainlink\'s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live\nTheCoinDesk Market Index, a measure of crypto markets performance was recently down 0.1%.\nEquity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend.\nStill, Pastel Network\'s Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards.\nHe added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221217.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22126.2%", "DACS Sector": "Smart Contract Platform"}]\nFear and Greed Turns Neutral\nTheBitcoin Fear and Greed Indexhas fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently.\nThe metric, derived byAlternative.me, gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed.\nOften, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated.\nThe most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction.\nAll told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nETHGlobal Paris (France)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Retail Sales (MoM/June)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC\'s Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG\nBitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup\'s latest funding round. And,StockCharts.com\'s Julius de Kempenaer shared his crypto markets analysis.\nCoinbase to Wind Down Lending Program Over Coming Months:The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20.\nTokenized: This Week in Real-World Assets:A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.\nMacro State of Crypto – Where It Has Been and What\'s Next:Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.\nChainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release:The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.', 'Good morning. Here’s what’s happening: Prices: Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory. Insights: Bitcoin\'s Fear and Greed Index reflects a market that hasn\'t been going anywhere fast for the better part of six weeks. Prices CoinDesk Market Index (CMI) 1,258 −0.9 ▼ 0.1% Bitcoin (BTC) $29,809 −101.1 ▼ 0.3% Ethereum (ETH) $1,892 +2.9 ▲ 0.2% S&P 500 4,534.87 −30.9 ▼ 0.7% Gold $1,975 −3.0 ▼ 0.2% Nikkei 225 32,490.52 −405.5 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,258 −0.9 ▼ 0.1% Bitcoin (BTC) $29,809 −101.1 ▼ 0.3% Ethereum (ETH) $1,892 +2.9 ▲ 0.2% S&P 500 4,534.87 −30.9 ▼ 0.7% Gold $1,975 −3.0 ▼ 0.2% Nikkei 225 32,490.52 −405.5 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Markets Remain Sluggish, but Not LINK A tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long. “There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk. Georgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market." Ether, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much. Story continues The big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink\'s release of an interoperability protocol. Read More: Chainlink\'s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live The CoinDesk Market Index , a measure of crypto markets performance was recently down 0.1%. Equity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend. Still, Pastel Network\'s Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards. He added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +2.4% Entertainment Ethereum ETH +0.4% Smart Contract Platform Cosmos ATOM +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −17.4% Smart Contract Platform XRP XRP −6.6% Currency Cardano ADA −6.2% Smart Contract Platform Insights Fear and Greed Turns Neutral The Bitcoin Fear and Greed Index has fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently. The metric, derived by Alternative.me , gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed. Often, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated. The most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction. All told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future. (Glassnode) This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. ETHGlobal Paris (France) 2:00 p.m. HKT/SGT(6:00 UTC) United Kingdom Retail Sales (MoM/June) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Retail Sales (MoM/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SEC\'s Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG Bitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup\'s latest funding round. And, StockCharts.com \'s Julius de Kempenaer shared his crypto markets analysis. Headlines Coinbase to Wind Down Lending Program Over Coming Months : The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20. Tokenized: This Week in Real-World Assets : A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain. Macro State of Crypto – Where It Has Been and What\'s Next : Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds. Chainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release : The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory.\nInsights:Bitcoin\'s Fear and Greed Index reflects a market that hasn\'t been going anywhere fast for the better part of six weeks.\nCoinDesk Market Index (CMI)\n1,258\n−0.9▼0.1%\nBitcoin (BTC)\n$29,809\n−101.1▼0.3%\nEthereum (ETH)\n$1,892\n+2.9▲0.2%\nS&P 500\n4,534.87\n−30.9▼0.7%\nGold\n$1,975\n−3.0▼0.2%\nNikkei 225\n32,490.52\n−405.5▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "\\u22120.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,809", "\\u2212101.1\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,892", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,534.87", "\\u221230.9\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "\\u22123.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,490.52", "\\u2212405.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nMarkets Remain Sluggish, but Not LINK\nA tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance.\nBitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long.\n“There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk.\nGeorgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market."\nEther, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much.\nThe big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink\'s release of an interoperability protocol.\nRead More:Chainlink\'s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live\nTheCoinDesk Market Index, a measure of crypto markets performance was recently down 0.1%.\nEquity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend.\nStill, Pastel Network\'s Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards.\nHe added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221217.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22126.2%", "DACS Sector": "Smart Contract Platform"}]\nFear and Greed Turns Neutral\nTheBitcoin Fear and Greed Indexhas fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently.\nThe metric, derived byAlternative.me, gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed.\nOften, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated.\nThe most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction.\nAll told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nETHGlobal Paris (France)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Retail Sales (MoM/June)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC\'s Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG\nBitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup\'s latest funding round. And,StockCharts.com\'s Julius de Kempenaer shared his crypto markets analysis.\nCoinbase to Wind Down Lending Program Over Coming Months:The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20.\nTokenized: This Week in Real-World Assets:A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.\nMacro State of Crypto – Where It Has Been and What\'s Next:Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.\nChainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release:The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.', 'Bitcoin fell on Friday morning in Asia as other top 10 non-stablecoin cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000 after a week that saw buyers retreat. Developments in applications for Bitcoin exchange-traded funds (ETFs) failed to generate fresh investment, though some commentators say the pent up demand is there. Ether traded flat and is also a loser for the week. Matic led the early gainers on Friday, but is also in the red for the week. Bitcoin backs off Bitcoin fell 0.18% to US$29,824.09 as of 6:40 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency has lost 4.53% in the past seven days. The drop came amid further developments in Bitcoin exchange-traded fund (ETF) applications by U.S. asset managers. Spot Bitcoin ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree on July 19 were published in the Federal Register, which means the Securities and Exchange Commission (SEC) now has up to 240 days to accept or request the applications, according to Bloomberg . Bloomberg research analyst James Seyffart wrote on Twitter that while this sets the clock ticking, the SEC may still reject all the applications. BlackRock, the world’s largest asset manager, filed its spot Bitcoin ETF application on June 15, sparking a round of buying of cryptocurrencies on expectations more institutional funds will start investing in the asset class. While that enthusiasm has faded, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro said\xa0latent demand for cryptocurrencies remains, although\xa0 “the momentum is far from euphoric.”\xa0 Kuptsikevich added that Bitcoin continued to find support this week on dips below $30,000. “A move to the upper boundary at $31,300 is most likely in this environment,” he said. Asia Pacific institutional investors “remain constructive across the digital asset complex following last week’s positive news on [ETFs],” said Matt Long, the APAC general manager of California-based international crypto brokerage FalconX. “They are well positioned for further appreciation in markets,” said Long in an emailed statement to Forkast . Story continues U.S.-based digital asset manager Grayscale Investments said in a Friday report that about half of Bitcoin’s 80% increase from December to mid-July relates to macro developments, while the rest is due to Bitcoin-specific positives. “Crypto no longer behaves as its own ecosystem: Bitcoin and other digital assets are now more correlated with other market indicators,” according to the report. “Since January 2023, Bitcoin has appreciated more than can be explained by the rally in tech stocks and fall in the US Dollar. We think this reflects idiosyncratic positives, including optimism about eventual spot Bitcoin ETF approval, as well as Bitcoin’s surge in March following stress in regional banks,” Grayscale said. “Valuations are now more closely tied to broader macro trends, and more Fed tightening could be a headwind for higher risk assets, including both equities and cryptocurrencies,” the report said. Back in Asia Friday morning trading, Ether edged up 0.31% to US$1,895.14, while falling 4.70% in the last week. Other top 10 non-stablecoin cryptocurrencies were mixed — Polygon’s Matic led gainers, rising 3.42% to US$0.7711. However, it posted a weekly loss of 8.46%. Polygon Labs is currently working on developing Polygon 2.0, a series of updates to the blockchain that the company says aim to make network governance more open and inclusive. Solana was the biggest loser among the top 10, declining 3.53% to US$25.49, amid a 0.72% weekly loss. The total crypto market capitalization edged down 0.15% in the past 24 hours to US$1.2 trillion, while trading volume jumped 19.19% to US$37.15 billion. NFTs fall; OpenSea launches swap feature The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.56% in the past 24 hours to 2,696.41 as of 08:30 a.m. in Hong Kong. The index gained a flat 0.01% in the last seven days. Total NFT trading volume rose 1.62% to US$18.69 million in the past 24 hours, according to data from CryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose. On Thursday, NFT marketplace OpenSea announced that it is launching “Deals,” a new peer-to-peer NFT swap function. The company said in a tweet that this will help users avoid falling victim to “sketchy DMs & websites” as OpenSea will provide the platform for users to directly engage with each other. Yehudah Petscher, NFT Strategist at Forkast Labs, says this feature is “more significant than people may realize.” “One of the primary ways people are scammed in the NFT space is through fake trades. Often, legitimate trade sites are spoofed, and then trades offered through there,” said Petscher. “Now collectors will be able to trade using a platform they’re already familiar with and trust, and the best part is there are no fees involved other than gas.” Currently, OpenSea allows only ERC-721 NFTs on Ethereum from verified collections to be traded on Deals. To make a “deal,” a user can offer one or more NFTs in return for another user’s NFTs, where one can also choose to add wrapped Ether (WETF) as part of the offer. The user accepting the deal will have to pay gas fees, according to OpenSea . “Easy to use, and hopefully will have a major impact on lowering scams. This was long overdue.” Petscher said. Elsewhere, Yuga Labs’ Bored Ape Yacht Club topped CryptoSlam’s NFT collection ranking by trading volume, rising 3.80% in the last day to US$1.4 million. Ethereum was the top performing blockchain network by NFT trade volume, gaining 5.63% to US$13.73 million. Solana placed second, up 4.41% to US$1 million. U.S. equity futures gain after mixed session U.S. Federal Reserve Board Chairman Jerome Powell \| Image: Getty Images The three major U.S. stock futures indexes gained as of 11:10 a.m. in Hong Kong on Friday, after equities had a mixed regular trading session on Thursday. The Dow Jones gained on top of strong Q2 earnings reports from Johnson & Johnson and Goldman Sachs. The S&P 500 and Nasdaq 100 slipped as Tesla tumbled on weak second-quarter gross margins and Netflix reported less-than-expected revenue. In Asia, China’s Shanghai Composite Index gained, partially recovering from disappointing economic growth data for Q2. Investors are betting on Beijing to step up its economic stimulus measures, according to Trading Economics . Hong Kong’s Hang Seng Index also rose on China news of authorities possibly easing home buying limits in big cities. Japan’s Nikkei 225 dipped after its inflation rate rose slightly in June. South Korea’s Kospi also slipped. On macro events, the next U.S. Federal Open Market Committee meeting is next week on July 26 when the central bank will make its next move on U.S. interest rates. The CME FedWatch Tool predicts a 99.8% chance that the Fed will announce a further 25 basis points raise that will take rates to the 5.25%-5.50% range, which will be the highest since January 2001. (Updates to add equity section)', 'Bitcoin fell on Friday morning in Asia as other top 10 non-stablecoin cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000 after a week that saw buyers retreat. Developments in applications for Bitcoin exchange-traded funds (ETFs) failed to generate fresh investment, though some commentators say the pent up demand is there. Ether traded flat and is also a loser for the week. Matic led the early gainers on Friday, but is also in the red for the week.\nBitcoin fell 0.18% to US$29,824.09 as of 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency has lost 4.53% in the past seven days.\nThe drop came amid further developments in Bitcoin exchange-traded fund (ETF) applications by U.S. asset managers.\nSpot Bitcoin ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree on July 19 werepublishedin the Federal Register, which means the Securities and Exchange Commission (SEC) now has up to 240 days to accept or request the applications, according toBloomberg.\nBloomberg research analyst James Seyffartwroteon Twitter that while this sets the clock ticking, the SEC may still reject all the applications.\nBlackRock, the world’s largest asset manager, filed its spot Bitcoin ETF application on June 15, sparking a round of buying of cryptocurrencies on expectations more institutional funds will start investing in the asset class.\nWhile that enthusiasm has faded, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro said\xa0latent demand for cryptocurrencies remains, although\xa0 “the momentum is far from euphoric.”\xa0 Kuptsikevich added that Bitcoin continued to find support this week on dips below $30,000. “A move to the upper boundary at $31,300 is most likely in this environment,” he said.\nAsia Pacific institutional investors “remain constructive across the digital asset complex following last week’s positive news on [ETFs],” said Matt Long, the APAC general manager of California-based international crypto brokerage FalconX. “They are well positioned for further appreciation in markets,” said Long in an emailed statement toForkast.\nU.S.-based digital asset manager Grayscale Investmentssaid in a Friday reportthat about half of Bitcoin’s 80% increase from December to mid-July relates to macro developments, while the rest is due to Bitcoin-specific positives.\n“Crypto no longer behaves as its own ecosystem: Bitcoin and other digital assets are now more correlated with other market indicators,” according to the report.\n“Since January 2023, Bitcoin has appreciated more than can be explained by the rally in tech stocks and fall in the US Dollar. We think this reflects idiosyncratic positives, including optimism about eventual spot Bitcoin ETF approval, as well as Bitcoin’s surge in March following stress in regional banks,” Grayscale said.\n“Valuations are now more closely tied to broader macro trends, and more Fed tightening could be a headwind for higher risk assets, including both equities and cryptocurrencies,” the report said.\nBack in Asia Friday morning trading, Ether edged up 0.31% to US$1,895.14, while falling 4.70% in the last week.\nOther top 10 non-stablecoin cryptocurrencies were mixed — Polygon’s Matic led gainers, rising 3.42% to US$0.7711. However, it posted a weekly loss of 8.46%.\nPolygon Labs is currently working on developing Polygon 2.0, a series of updates to the blockchain that the companysaysaim to make network governance more open and inclusive.\nSolana was the biggest loser among the top 10, declining 3.53% to US$25.49, amid a 0.72% weekly loss.\nThe total crypto market capitalization edged down 0.15% in the past 24 hours to US$1.2 trillion, while trading volume jumped 19.19% to US$37.15 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.56% in the past 24 hours to 2,696.41 as of 08:30 a.m. in Hong Kong. The index gained a flat 0.01% in the last seven days.\nTotal NFT trading volume rose 1.62% to US$18.69 million in the past 24 hours, according todatafrom CryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\nOn Thursday, NFT marketplace OpenSeaannouncedthat it is launching “Deals,” a new peer-to-peer NFT swap function. The company said in a tweet that this will help users avoid falling victim to “sketchy DMs & websites” as OpenSea will provide the platform for users to directly engage with each other.\nYehudah Petscher, NFT Strategist at Forkast Labs, says this feature is “more significant than people may realize.”\n“One of the primary ways people are scammed in the NFT space is through fake trades. Often, legitimate trade sites are spoofed, and then trades offered through there,” said Petscher. “Now collectors will be able to trade using a platform they’re already familiar with and trust, and the best part is there are no fees involved other than gas.”\nCurrently, OpenSea allows only ERC-721 NFTs on Ethereum from verified collections to be traded on Deals. To make a “deal,” a user can offer one or more NFTs in return for another user’s NFTs, where one can also choose to add wrapped Ether (WETF) as part of the offer. The user accepting the deal will have to pay gas fees, according toOpenSea.\n“Easy to use, and hopefully will have a major impact on lowering scams. This was long overdue.” Petscher said.\nElsewhere, Yuga Labs’ Bored Ape Yacht Club topped CryptoSlam’s NFT collection ranking by trading volume, rising 3.80% in the last day to US$1.4 million.\nEthereum was the top performing blockchain network by NFT trade volume, gaining 5.63% to US$13.73 million. Solana placed second, up 4.41% to US$1 million.\nThe three major U.S. stock futures indexes gained as of 11:10 a.m. in Hong Kong on Friday, after equities had a mixed regular trading session on Thursday.\nThe Dow Jones gained on top of strong Q2 earnings reports from Johnson & Johnson and Goldman Sachs. The S&P 500 and Nasdaq 100 slipped as Tesla tumbled on weak second-quarter gross margins and Netflix reported less-than-expected revenue.\nIn Asia, China’s Shanghai Composite Index gained, partially recovering from disappointing economic growth data for Q2. Investors are betting on Beijing to step up its economic stimulus measures, according toTrading Economics. Hong Kong’s Hang Seng Index also rose on Chinanewsof authorities possibly easing home buying limits in big cities.\nJapan’s Nikkei 225 dipped after its inflation rate rose slightly in June. South Korea’s Kospi also slipped.\nOn macro events, the next U.S. Federal Open Market Committee meeting is next week on July 26 when the central bank will make its next move on U.S. interest rates. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will announce a further 25 basis points raise that will take rates to the 5.25%-5.50% range, which will be the highestsinceJanuary 2001.\n(Updates to add equity section)', 'Bitcoin fell on Friday morning in Asia as other top 10 non-stablecoin cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000 after a week that saw buyers retreat. Developments in applications for Bitcoin exchange-traded funds (ETFs) failed to generate fresh investment, though some commentators say the pent up demand is there. Ether traded flat and is also a loser for the week. Matic led the early gainers on Friday, but is also in the red for the week.\nBitcoin fell 0.18% to US$29,824.09 as of 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency has lost 4.53% in the past seven days.\nThe drop came amid further developments in Bitcoin exchange-traded fund (ETF) applications by U.S. asset managers.\nSpot Bitcoin ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree on July 19 werepublishedin the Federal Register, which means the Securities and Exchange Commission (SEC) now has up to 240 days to accept or request the applications, according toBloomberg.\nBloomberg research analyst James Seyffartwroteon Twitter that while this sets the clock ticking, the SEC may still reject all the applications.\nBlackRock, the world’s largest asset manager, filed its spot Bitcoin ETF application on June 15, sparking a round of buying of cryptocurrencies on expectations more institutional funds will start investing in the asset class.\nWhile that enthusiasm has faded, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro said\xa0latent demand for cryptocurrencies remains, although\xa0 “the momentum is far from euphoric.”\xa0 Kuptsikevich added that Bitcoin continued to find support this week on dips below $30,000. “A move to the upper boundary at $31,300 is most likely in this environment,” he said.\nAsia Pacific institutional investors “remain constructive across the digital asset complex following last week’s positive news on [ETFs],” said Matt Long, the APAC general manager of California-based international crypto brokerage FalconX. “They are well positioned for further appreciation in markets,” said Long in an emailed statement toForkast.\nU.S.-based digital asset manager Grayscale Investmentssaid in a Friday reportthat about half of Bitcoin’s 80% increase from December to mid-July relates to macro developments, while the rest is due to Bitcoin-specific positives.\n“Crypto no longer behaves as its own ecosystem: Bitcoin and other digital assets are now more correlated with other market indicators,” according to the report.\n“Since January 2023, Bitcoin has appreciated more than can be explained by the rally in tech stocks and fall in the US Dollar. We think this reflects idiosyncratic positives, including optimism about eventual spot Bitcoin ETF approval, as well as Bitcoin’s surge in March following stress in regional banks,” Grayscale said.\n“Valuations are now more closely tied to broader macro trends, and more Fed tightening could be a headwind for higher risk assets, including both equities and cryptocurrencies,” the report said.\nBack in Asia Friday morning trading, Ether edged up 0.31% to US$1,895.14, while falling 4.70% in the last week.\nOther top 10 non-stablecoin cryptocurrencies were mixed — Polygon’s Matic led gainers, rising 3.42% to US$0.7711. However, it posted a weekly loss of 8.46%.\nPolygon Labs is currently working on developing Polygon 2.0, a series of updates to the blockchain that the companysaysaim to make network governance more open and inclusive.\nSolana was the biggest loser among the top 10, declining 3.53% to US$25.49, amid a 0.72% weekly loss.\nThe total crypto market capitalization edged down 0.15% in the past 24 hours to US$1.2 trillion, while trading volume jumped 19.19% to US$37.15 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.56% in the past 24 hours to 2,696.41 as of 08:30 a.m. in Hong Kong. The index gained a flat 0.01% in the last seven days.\nTotal NFT trading volume rose 1.62% to US$18.69 million in the past 24 hours, according todatafrom CryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\nOn Thursday, NFT marketplace OpenSeaannouncedthat it is launching “Deals,” a new peer-to-peer NFT swap function. The company said in a tweet that this will help users avoid falling victim to “sketchy DMs & websites” as OpenSea will provide the platform for users to directly engage with each other.\nYehudah Petscher, NFT Strategist at Forkast Labs, says this feature is “more significant than people may realize.”\n“One of the primary ways people are scammed in the NFT space is through fake trades. Often, legitimate trade sites are spoofed, and then trades offered through there,” said Petscher. “Now collectors will be able to trade using a platform they’re already familiar with and trust, and the best part is there are no fees involved other than gas.”\nCurrently, OpenSea allows only ERC-721 NFTs on Ethereum from verified collections to be traded on Deals. To make a “deal,” a user can offer one or more NFTs in return for another user’s NFTs, where one can also choose to add wrapped Ether (WETF) as part of the offer. The user accepting the deal will have to pay gas fees, according toOpenSea.\n“Easy to use, and hopefully will have a major impact on lowering scams. This was long overdue.” Petscher said.\nElsewhere, Yuga Labs’ Bored Ape Yacht Club topped CryptoSlam’s NFT collection ranking by trading volume, rising 3.80% in the last day to US$1.4 million.\nEthereum was the top performing blockchain network by NFT trade volume, gaining 5.63% to US$13.73 million. Solana placed second, up 4.41% to US$1 million.\nThe three major U.S. stock futures indexes gained as of 11:10 a.m. in Hong Kong on Friday, after equities had a mixed regular trading session on Thursday.\nThe Dow Jones gained on top of strong Q2 earnings reports from Johnson & Johnson and Goldman Sachs. The S&P 500 and Nasdaq 100 slipped as Tesla tumbled on weak second-quarter gross margins and Netflix reported less-than-expected revenue.\nIn Asia, China’s Shanghai Composite Index gained, partially recovering from disappointing economic growth data for Q2. Investors are betting on Beijing to step up its economic stimulus measures, according toTrading Economics. Hong Kong’s Hang Seng Index also rose on Chinanewsof authorities possibly easing home buying limits in big cities.\nJapan’s Nikkei 225 dipped after its inflation rate rose slightly in June. South Korea’s Kospi also slipped.\nOn macro events, the next U.S. Federal Open Market Committee meeting is next week on July 26 when the central bank will make its next move on U.S. interest rates. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will announce a further 25 basis points raise that will take rates to the 5.25%-5.50% range, which will be the highestsinceJanuary 2001.\n(Updates to add equity section)', "• The Dow notched a nine-day win streak on Thursday, its longest win streak since February 2021.\n• While the Dow surged, the Nasdaq 100 and S&P 500 dropped as investors soured on Tesla and Netflix earnings.\n• Initial jobless claims fell to 228,000 last week, below economist estimates for 242,000.\nThe Dow Jones Industrial Average notched a nine-day win streak on Thursday as investors pushed Dow-memberJohnson & Johnsonup 6% after a solid earnings report. The win streak was the index's longest since a 12-day streak of gains in February 2021.\nMeanwhile, the Nasdaq 100 was dragged down 2% as investors soured on earnings fromNetflixandTesla.\nTesla and Netflix stock fell 10% and 8%, respectively even though both companies beat analyst profit estimates. Investors were concerned aboutNetflix's declining average revenue per useras its launch of a lower-cost advertising tier continues, and soured onTesla's decline in automotive gross margins.\nInitial jobless claims fell to 228,000 last week, well below economist estimates for 242,000 jobless claims. The data continues to suggest that the economy and labor market remain resilient.\nHere's where US indexes stood at the 4:00 p.m. ET close on Thursday:\n• S&P 500:4,534.84, down 0.68%\n• Dow Jones Industrial Average:35,224.43, up 0.47% (163.22 points)\n• Nasdaq Composite:14,063.31, down 2.05%\nHere's what else happened today:\n• Tesla's earnings call included Elon Musk talking about Nvidia and its AI dominance, the Cybertruck, and Warren Buffett. Here arehis 12 most interesting quotes from the call.\n• Credit Suisseincreased its year-end S&P 500 price target by 16% to 4,700as the rally in the stock market continues to defy skeptics.\n• Microsoft's near-50% rally so far this year has helped CEO Satya Nadellareach $1 billion in total payouts since he took over the top job in 2014.\n• Billionaire investor Barry Sternlicht'sStarwood Capital Group just defaulted on a $212.5 million loantied to an office building in Atlanta.\n• Home sales dropped to a 14-year-low in June,thanks to the shortage in inventory plaguing the housing market.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 0.54% to $75.70 per barrel.Brent crude, oil's international benchmark, edged up 0.24% to $79.65.\n• Goldfell 0.40% to $1,972.90 per ounce.\n• The yield on the 10-year Treasury rose 9 basis points to 3.84%.\n• Bitcoin dropped 0.55% to $29,754, while ether fell 0.04% to $1,888.\nRead the original article onBusiness Insider", "Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020. Lucas Jackson/Reuters The Dow notched a nine-day win streak on Thursday, its longest win streak since February 2021. While the Dow surged, the Nasdaq 100 and S&P 500 dropped as investors soured on Tesla and Netflix earnings. Initial jobless claims fell to 228,000 last week, below economist estimates for 242,000. The Dow Jones Industrial Average notched a nine-day win streak on Thursday as investors pushed Dow-member Johnson & Johnson up 6% after a solid earnings report. The win streak was the index's longest since a 12-day streak of gains in February 2021. Meanwhile, the Nasdaq 100 was dragged down 2% as investors soured on earnings from Netflix and Tesla . Tesla and Netflix stock fell 10% and 8%, respectively even though both companies beat analyst profit estimates. Investors were concerned about Netflix's declining average revenue per user as its launch of a lower-cost advertising tier continues, and soured on Tesla's decline in automotive gross margins. Initial jobless claims fell to 228,000 last week, well below economist estimates for 242,000 jobless claims. The data continues to suggest that the economy and labor market remain resilient. Here's where US indexes stood at the 4:00 p.m. ET close on Thursday: S&P 500 : 4,534.84, down 0.68% Dow Jones Industrial Average : 35,224.43, up 0.47% (163.22 points) Nasdaq Composite : 14,063.31, down 2.05% Here's what else happened today: Tesla's earnings call included Elon Musk talking about Nvidia and its AI dominance, the Cybertruck, and Warren Buffett. Here are his 12 most interesting quotes from the call. Credit Suisse increased its year-end S&P 500 price target by 16% to 4,700 as the rally in the stock market continues to defy skeptics. Microsoft's near-50% rally so far this year has helped CEO Satya Nadella reach $1 billion in total payouts since he took over the top job in 2014. Billionaire investor Barry Sternlicht's Starwood Capital Group just defaulted on a $212.5 million loan tied to an office building in Atlanta. Home sales dropped to a 14-year-low in June, thanks to the shortage in inventory plaguing the housing market. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 0.54% to $75.70 per barrel. Brent crude , oil's international benchmark, edged up 0.24% to $79.65. Gold fell 0.40% to $1,972.90 per ounce. The yield on the 10-year Treasury rose 9 basis points to 3.84%. Bitcoin dropped 0.55% to $29,754, while ether fell 0.04% to $1,888. Read the original article on Business Insider", "JAKARTA (Reuters) - Indonesia has launched a national crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced this week. The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight, according to the Commodity Futures Trading Regulatory Agency (Bappebti). Indonesia bans the use of cryptocurrencies as a means of payment, but allows investment in the assets. Such investment boomed during the pandemic, with data showing that as of June, 17.54 million people in the country had invested in the digital assets, more than the number of investors registered with the stock exchange. Rising global interest rates have, however, dampened demand for crypto assets in recent months. Crypto transactions in Indonesia during the January-June period were down 68.7% from the same period last year to reach 66.44 trillion rupiah ($4.42 billion), with Tether, Bitcoin, Ethereum, Ripple and Binance Coin being traded the most, according to Bappebti. The new bourse will list existing licensed crypto companies, such as Binance's Tokocrypto, Indodax and others as traders. PT Bursa Komoditi Nusantara will run the bourse and PT Kliring Berjangka Indonesia will clear transactions there, Bappebti chief Didid Noordiantmoko said in a statement. PT Tennet Depository Indonesia is appointed as crypto asset storage manager. A new law signed earlier this year called for the regulation, supervision and oversight of crypto to be transferred to the Financial Services Authorities from Bappebti, with a two-year transition period. ($1 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $581,470,728,038 - Hash Rate: 300153161.94439 - Transaction Count: 323847.0 - Unique Addresses: 657357.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This Monday marked a new high—or arguably low—in demonstrating the power of artificial intelligence (AI). A picture depicting afabricated explosionat the Pentagon, quickly flagged as being AI generated, spread like wildfire across social media. It also appears to have spurred a momentary sell-off in the U.S. stock market. The alarming image, portraying smoke billowing from the iconic building, was disseminated by numerous accounts, including a Russian state-owned media channel. Interestingly, reports of the false Pentagon explosion also made its way onto non-official Twitter accounts with blue verification checkmarks, further amplifying the confusion and the impact of the falsehood—highlighting both the importance of rigorous source verification as well as the unsurprising result of Elon Musk's new criteria for account verification. As the photo went viral, U.S. stock indexes took a minor hit, although markets quickly recovered after the photo was exposed as a hoax. Bitcoin, the leading cryptocurrency, also experienced a brief "flash crash" following the spread of the fake news, slipping to $26500. Yet, Bitcoin is slowly but surely recovering and it is currently being traded at $26,882, according toCoinGecko. The hoax’s impact was significant enough to prompt the Arlington County Fire Department to intervene. "There is NO explosion or incident occurring at or near the Pentagon reservation,” they tweeted “and there is no immediate danger or hazards to thepublic." This type of online deceit has raisedserious concernsamong critics of unmitigated AI development. Many experts in the field have warned that advanced AI systemscould becometools for malevolent actors worldwide, spreading misinformation and causing online pandemonium. This isn't the first time such trickery has emerged. Viral AI-generated images have previously deceived the public, such asimagesof Pope Francis sporting a Balenciaga jacket, a fake arrest of President Donald Trump, and deepfakes of celebrities likeElon Muskor SBF promoting crypto scams. Notable personalities have also sounded alarms about the spread of disinformation. Hundreds of tech experts alreadycalled for a six-month halton advanced AI development until proper safety guidelines are established. And even Dr. Geoffrey Hinton, widely known as the 'Godfather of AI', even resigned from his role at Googleto voice his concernsabout potential AI risks without damaging his former employer's reputation. Episodes of misinformation like this one feed into the ongoing debate surrounding the need for aregulatory and ethical frameworkfor AI. As AI becomes an increasingly potent tool in the hands of agents of disinformation, the consequences can be chaotic. Based on today's events, one question stands out: What if an AI was the agent using the power of social media to spread chaos and control the financial markets? We kind ofsaw it coming.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks traded mixed Friday, with the Dow capping off a 10-day winning streak.\n• It\'s the longest run of gains for the index since August 2017.\n• Next week investors will be watching big earnings from Microsoft and Meta, as well as a Fed meeting.\nUS stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017.\nTo close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data.\nMeanwhile, investors will be watching to see what policymakers announce at next week\'s Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month\'s "skip."\nA quarter-point hike to the 5.25%-5.50% range would "more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday. "But those expecting a fanfare will be disappointed as the Fed will make every (too many) efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions."\nHere\'s where US indexes stood as the market closed 4:00 p.m. on Friday:\n• S&P 500:4,536.32, up 0.03%\n• Dow Jones Industrial Average:35,228.48, up 0.01% (3.30 points)\n• Nasdaq Composite:14,032.81, down 0.22%\nHere\'s what else is going on:\n• One of Wall Street\'s favorite chipmakers hasseen its value tumble this week.\n• There are three ways the Barbie movie coulddrive upsidefor Mattel stock.\n• Robert Shiller says thedecade-long rally in home prices could endwhen the Fed stops its hiking cycle.\n• There are signs thathousing could see some good news on the horizon.\n• These indicators suggestthe stock market isn\'t as stretched as it might seem.\n• \'Shark Tank\' star Kevin O\'Learysounded off on Bidenomics and the S&P 500.\nIn commodities, bonds, and crypto:\n• Oil prices climbed, withWest Texas Intermediateup 1.7% to $76.92 a barrel.Brent crude, the international benchmark, inched higher 1.6% to $80.88 a barrel.\n• Goldedged lower 0.3% to $1,964.20 per ounce.\n• The10-year Treasury yielddipped one basis points to 3.835%\n• Bitcoinmoved higher 0.48% to $29,865.73\nRead the original article onBusiness Insider', 'Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images US stocks traded mixed Friday, with the Dow capping off a 10-day winning streak. It\'s the longest run of gains for the index since August 2017. Next week investors will be watching big earnings from Microsoft and Meta, as well as a Fed meeting. US stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017. To close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data. Meanwhile, investors will be watching to see what policymakers announce at next week\'s Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month\'s "skip." A quarter-point hike to the 5.25%-5.50% range would "more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday. "But those expecting a fanfare will be disappointed as the Fed will make every (too many) efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions." Here\'s where US indexes stood as the market closed 4:00 p.m. on Friday: S&P 500 : 4,536.32, up 0.03% Dow Jones Industrial Average : 35,228.48, up 0.01% (3.30 points) Nasdaq Composite : 14,032.81, down 0.22% Here\'s what else is going on: One of Wall Street\'s favorite chipmakers has seen its value tumble this week. There are three ways the Barbie movie could drive upside for Mattel stock. Robert Shiller says the decade-long rally in home prices could end when the Fed stops its hiking cycle. There are signs that housing could see some good news on the horizon. These indicators suggest the stock market isn\'t as stretched as it might seem. \'Shark Tank\' star Kevin O\'Leary sounded off on Bidenomics and the S&P 500. Story continues In commodities, bonds, and crypto: Oil prices climbed, with West Texas Intermediate up 1.7% to $76.92 a barrel. Brent crude , the international benchmark, inched higher 1.6% to $80.88 a barrel. Gold edged lower 0.3% to $1,964.20 per ounce. The 10-year Treasury yield dipped one basis points to 3.835% Bitcoin moved higher 0.48% to $29,865.73 Read the original article on Business Insider', 'Last week’s blisteringaltcoin rallytapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days.\nBitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week.\nBitcoin dropped 1.5% to its current price of $29,869, according toCoinGecko. Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of writing.\nThe steepest pullbacks among leading currencies this week were from Solana (SOL), which dropped 9.8% to $25.68, and Avalanche (AVAX), which shed 8.1% to $13.77.\nSeveral altcoins appreciated; notably, Toncoin (TON) grew 8.3% to $1.46, Stellar (XLM) blew up 23% to $0.163126, and Chainlink (LINK) rallied 15% to $7.98.\nChainlink began its rally on Monday with the launch of itsCross-Chain Interoperability Protocol(CCIP) on its mainnet. The protocol currently supportsAvalanche,Ethereum,OptimismandPolygonnetworks. It is also integrated with DeFi lending protocolsAaveandSynthetix. Chainlink says it is as anonramp for TradFi institutionsto get into tokenized digital assets.\nOn Monday, G20 watchdog the Financial Stability Board issuednine top-level recommendationsfor regulators on overseeing crypto companies and markets. It also issued revised recommendations on the oversight ofstablecoins.\nThe recommendations are designed to prevent crypto crashes on the scale of FTX and Terra incorporate feedback from the FSB’s public consultation on the topic, including calls for cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures for the industry.\nThe following day, the U.S. Securities and Exchange Commission accepted Valkyrie’s Bitcoin Spot ETF proposalfor official review. This is the second spot ETF application that has moved to the next round, following asset manager titan BlackRock’s on July 13.\nExchange operator Nasdaq on Wednesday said it wasdelaying plansto launch a digital assets custodian service.Nasdaq CEO Adena Friedman said, “Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license.”\nShe added the company would “remain committed to supporting the evolution of the digital asset ecosystem.”\nThat day, a bipartisan group of Senatorsintroduced a billthat would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges, in a bid to reign in “criminals, drug traffickers, and hostile state actors such as North Korea.”\nOn Thursday, the UK Treasuryrejecteda House of Commons Treasury Committeerecommendationto classify crypto trading as gambling, stating that it "firmly disagrees" with it.\nFinally, on Friday, Republican lawmakers in Washingtonintroduced a 212-page billentitled the Financial Innovation and Technology for the 21st Century Act. The bill aims to bring clarity and a “much-needed regulatory framework.”\nThe act includes a pathway for blockchains to be certified as decentralized. The SEC would have an opportunity to push back against assertions made by token issuers that their projects meet the standard outlined in the act. It also seeks to establish a disclosure regime for the transparency and compliance of digital asset issuers.', 'Last week’s blisteringaltcoin rallytapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days.\nBitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week.\nBitcoin dropped 1.5% to its current price of $29,869, according toCoinGecko. Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of writing.\nThe steepest pullbacks among leading currencies this week were from Solana (SOL), which dropped 9.8% to $25.68, and Avalanche (AVAX), which shed 8.1% to $13.77.\nSeveral altcoins appreciated; notably, Toncoin (TON) grew 8.3% to $1.46, Stellar (XLM) blew up 23% to $0.163126, and Chainlink (LINK) rallied 15% to $7.98.\nChainlink began its rally on Monday with the launch of itsCross-Chain Interoperability Protocol(CCIP) on its mainnet. The protocol currently supportsAvalanche,Ethereum,OptimismandPolygonnetworks. It is also integrated with DeFi lending protocolsAaveandSynthetix. Chainlink says it is as anonramp for TradFi institutionsto get into tokenized digital assets.\nOn Monday, G20 watchdog the Financial Stability Board issuednine top-level recommendationsfor regulators on overseeing crypto companies and markets. It also issued revised recommendations on the oversight ofstablecoins.\nThe recommendations are designed to prevent crypto crashes on the scale of FTX and Terra incorporate feedback from the FSB’s public consultation on the topic, including calls for cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures for the industry.\nThe following day, the U.S. Securities and Exchange Commission accepted Valkyrie’s Bitcoin Spot ETF proposalfor official review. This is the second spot ETF application that has moved to the next round, following asset manager titan BlackRock’s on July 13.\nExchange operator Nasdaq on Wednesday said it wasdelaying plansto launch a digital assets custodian service.Nasdaq CEO Adena Friedman said, “Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license.”\nShe added the company would “remain committed to supporting the evolution of the digital asset ecosystem.”\nThat day, a bipartisan group of Senatorsintroduced a billthat would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges, in a bid to reign in “criminals, drug traffickers, and hostile state actors such as North Korea.”\nOn Thursday, the UK Treasuryrejecteda House of Commons Treasury Committeerecommendationto classify crypto trading as gambling, stating that it "firmly disagrees" with it.\nFinally, on Friday, Republican lawmakers in Washingtonintroduced a 212-page billentitled the Financial Innovation and Technology for the 21st Century Act. The bill aims to bring clarity and a “much-needed regulatory framework.”\nThe act includes a pathway for blockchains to be certified as decentralized. The SEC would have an opportunity to push back against assertions made by token issuers that their projects meet the standard outlined in the act. It also seeks to establish a disclosure regime for the transparency and compliance of digital asset issuers.', 'Illustration by Mitchell Preffer for Decrypt. Last week’s blistering altcoin rally tapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days. Bitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week. Bitcoin dropped 1.5% to its current price of $29,869, according to CoinGecko . Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of writing. The steepest pullbacks among leading currencies this week were from Solana (SOL), which dropped 9.8% to $25.68, and Avalanche (AVAX), which shed 8.1% to $13.77. Several altcoins appreciated; notably, Toncoin (TON) grew 8.3% to $1.46, Stellar (XLM) blew up 23% to $0.163126, and Chainlink (LINK) rallied 15% to $7.98. Chainlink began its rally on Monday with the launch of its Cross-Chain Interoperability Protocol (CCIP) on its mainnet. The protocol currently supports Avalanche , Ethereum , Optimism and Polygon networks. It is also integrated with DeFi lending protocols Aave and Synthetix . Chainlink says it is as an onramp for TradFi institutions to get into tokenized digital assets. The week’s news On Monday, G20 watchdog the Financial Stability Board issued nine top-level recommendations for regulators on overseeing crypto companies and markets. It also issued revised recommendations on the oversight of stablecoins . The recommendations are designed to prevent crypto crashes on the scale of FTX and Terra incorporate feedback from the FSB’s public consultation on the topic, including calls for cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures for the industry. The following day, the U.S. Securities and Exchange Commission accepted Valkyrie’s Bitcoin Spot ETF proposal for official review . This is the second spot ETF application that has moved to the next round, following asset manager titan BlackRock’s on July 13. Exchange operator Nasdaq on Wednesday said it was delaying plans to launch a digital assets custodian service. Nasdaq CEO Adena Friedman said, “Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license.” She added the company would “remain committed to supporting the evolution of the digital asset ecosystem.” That day, a bipartisan group of Senators introduced a bill that would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges, in a bid to reign in “criminals, drug traffickers, and hostile state actors such as North Korea.” Story continues On Thursday, the UK Treasury rejected a House of Commons Treasury Committee recommendation to classify crypto trading as gambling, stating that it "firmly disagrees" with it. Finally, on Friday, Republican lawmakers in Washington introduced a 212-page bill entitled the Financial Innovation and Technology for the 21st Century Act. The bill aims to bring clarity and a “much-needed regulatory framework.” The act includes a pathway for blockchains to be certified as decentralized. The SEC would have an opportunity to push back against assertions made by token issuers that their projects meet the standard outlined in the act. It also seeks to establish a disclosure regime for the transparency and compliance of digital asset issuers. View comments', '“The law is very clear,” says Custodia Bank CEO Caitlin Long—except when it comes to the Federal Reserve.\nAmong the 35 early-adopter banks and credit unions that received access to thenew FedNowround-the-clock payment system on Thursday, a name caught her eye: Amsterdam-based Adyen.\nLong toldDecryptthat the financial technology firm received a bank license in Europe (something common in the EU), then “backdoored itself into the system,” calling it “veryun-American” for a European company to get a spot while U.S. firms cannot.\nThis has led her to claim candidly that The Fed is “not applying the law."\nLong wants her bank, Custodia, to be granted a Fed master account, andis leading afightover access to the FedWire network, which handled over $1 quadrillion in 2022. She is currentlyin the midst of a lawsuitagainst the Federal Reserve, which Long says is trying make an example of Custodia and trying to intimidate it to “turn tail and run.”\nCrypto Bank Custodia Is Taking on the Fed—Here’s Everything You Need to Know\nCustodia is tracking eight other fintech firms–four of which work in the crypto industry–which have valid charters but are also being blocked by the Fed from acquiring amaster account.Long wrote a blog post titled “Here Come The Fintech Banks,” which tells the story of these companies left out in the cold by the Fed.\nTrained as an attorney, Long said “this is all bigger than crypto.” On the other hand, she observed, the crypto industry might be the one that ends the government’s overreach. Crypto companies likeRipple,for example, are getting involved in what she calls “bet-the-farm” style lawsuits—and the judicial system seems to be siding with crypto.\nThe current system is also adding extra cost and friction to the industry, Caitlin toldDecrypt,pointingto a blogpost by Wire that claimed that “the Fed charges banks a fraction of a cent to send ACH payments, but banks charge their ACH customers a 100 times markup.”\nBitcoin Custody Services Are Coming to Custodia Bank, Says CEO Caitlin Long\nRegardless of her bank\'s fight for a master account, Caitlin thinks the newFedNow serviceis lacking. “It is not interoperable, crossborder, and has a stringent $500,000 transaction payment limit,” claiming it will capture 10% of payments, “but no more than that.”\n“This will all play out in the courts,” she projects, with Custodia involved one of two activelawsuitsand many more likely to follow.\nLong toldDecryptthat the Fed claims they will help companies get regulated, and that Custodia has “bent over backwards to comply,” but that the authorities have become am “unmovable mountain.”\nDespite the “Fed’s wanton disrespect for the law,” and the frustration she has dealt with over the years with Custodia, Long admits she is “having fun.”', '“The law is very clear,” says Custodia Bank CEO Caitlin Long—except when it comes to the Federal Reserve. Among the 35 early-adopter banks and credit unions that received access to the new FedNow round-the-clock payment system on Thursday, a name caught her eye: Amsterdam-based Adyen. Long told Decrypt that the financial technology firm received a bank license in Europe (something common in the EU), then “backdoored itself into the system,” calling it “very un-American ” for a European company to get a spot while U.S. firms cannot. This has led her to claim candidly that The Fed is “not applying the law." Long wants her bank, Custodia, to be granted a Fed master account, and is leading a fight over access to the FedWire network, which handled over $1 quadrillion in 2022. She is currently in the midst of a lawsuit against the Federal Reserve, which Long says is trying make an example of Custodia and trying to intimidate it to “turn tail and run.” Crypto Bank Custodia Is Taking on the Fed—Here’s Everything You Need to Know Custodia is tracking eight other fintech firms–four of which work in the crypto industry–which have valid charters but are also being blocked by the Fed from acquiring a master account . Long wrote a blog post titled “ Here Come The Fintech Banks ,” which tells the story of these companies left out in the cold by the Fed. Trained as an attorney, Long said “this is all bigger than crypto.” On the other hand, she observed, the crypto industry might be the one that ends the government’s overreach. Crypto companies like Ripple , for example, are getting involved in what she calls “bet-the-farm” style lawsuits—and the judicial system seems to be siding with crypto. The current system is also adding extra cost and friction to the industry, Caitlin told Decrypt , pointing to a blogpost by Wire that claimed that “the Fed charges banks a fraction of a cent to send ACH payments, but banks charge their ACH customers a 100 times markup.” Bitcoin Custody Services Are Coming to Custodia Bank, Says CEO Caitlin Long Regardless of her bank\'s fight for a master account, Caitlin thinks the new FedNow service is lacking. “It is not interoperable, crossborder, and has a stringent $500,000 transaction payment limit,” claiming it will capture 10% of payments, “but no more than that.” “This will all play out in the courts,” she projects, with Custodia involved one of two active lawsuits and many more likely to follow. Long told Decrypt that the Fed claims they will help companies get regulated, and that Custodia has “bent over backwards to comply,” but that the authorities have become am “unmovable mountain.” Despite the “Fed’s wanton disrespect for the law,” and the frustration she has dealt with over the years with Custodia, Long admits she is “having fun.” View comments']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $579,996,949,744 - Hash Rate: 359111818.75489503 - Transaction Count: 288750.0 - Unique Addresses: 556589.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchanges Binance and Coinbase. The bulk of these losses came in the wee hours of Saturday, data shows. Solana (SOL), polygon (MATIC) and cardano (ADA) fell as much as 25% within hours leading some on Crypto Twitter to wonder if a major crypto fund sold their holdings amid rather illiquid market conditions. Such moves pushed weekly declines for these tokens to as much as 34%, the data shows. Tokens fell as much as 25% in the past 24 hours. (CoinGecko) As such, major tokens such as bnb (BNB), dogecoin (DOGE), xrp (XRP) fell over 11%. Bitcoin (BTC) dropped 3.6% while ether (ETH) slid 4.5%. Crypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week. Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Earlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities. This has led to some major retail trading avenues such as Robinhood to end support for tokens ADA, SOL and MATIC, likely as a response to the regulatory filings.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Public blockchains have been touted as cure-alls by enthusiasts over the last decade. Promoters have promised faster securities settlement, decentralized social media, instant payments, cheaper remittances, and everything in between. And indeed, these benefits may come in time. But there’s one domain in which blockchains clearly outperform their traditional counterparts today: accounting. Blockchains track debits and credits to accounts on a ledger, just like an ordinary accounting system, but in a real-time, transparent, and immutable fashion (once transfers are settled). The existence of any asset that resides on a blockchain—whether a tokenized security, or a digital commodity like Bitcoin—is fully verifiable at any time by anyone with an internet connection. The entire supply of Bitcoin, down to the tiniest unit—one satoshi—can be verified in real time by anyone running a node. What’s more, any entity can prove mathematically to any third party that they own a digital asset via a cryptographic signature, without the need for any guarantor. This isn’t the case for traditional assets or commodities, which rely on a network of intermediaries to attest to their existence. In practice, this means financial assets end up concentrated in large custodians, like the DTC with equities, or gold with organizations like the LBMA. The high cost of auditability for conventional assets tends to have a concentrating effect. This remarkable auditability property of digital assets has enabled crypto platforms to build attestation tools enabling end users to verify that their assets are actually being held in reserve, and don’t simply exist on someone else’s ledger, subject to error or fraud. And these tools are long overdue. For as long as crypto exchanges and custodians have existed, they have let down their users with a series of spectacular failures—one crisis after the next from Mt. Gox to Bitfinex to Quadriga to FTX and, most recently, Prime Trust . Those of us who believe in the promise of digital assets are fed up with this grim status quo and have begun to demand more transparency from the exchanges we all rely on. Story continues As a result, exchanges and custodial platforms today are coalescing around a simple idea: What if these platforms could indisputably prove to users that they control funds held for users? This is known in the industry as a proof of reserve, or PoR. The concept has existed in the digital asset context for around a decade, and it has been continually refined ever since. Effectively, it involves a custodial platform providing signatures attesting to their unique ownership over some digital assets on-chain, combined with a disclosure of client liabilities. By publishing these datasets, and giving end users—and even interested onlookers—the option to actually verify that a given liability corresponds to some assets, clients can gain strong assurances that the platform is sound. Legislative initiatives both at the state and federal level have focused on asking exchanges to segregate client and operating capital, and to give clients assurances in the case of platform liquidation or bankruptcy. This is necessary, but only part of the solution. Prime Trust, which recently revealed it had lost $82 million in client assets and hid those losses for years, was a Nevada Trust company. The architecture of the Trust Charter, ironclad from a legal perspective, unfortunately did little to reveal the loss of assets. A monthly—or even higher frequency—attestation, as is the standard with PoR, would have forced divulging the loss when it first occurred, because Prime Trust would not have been able to provide valid signatures for user funds held. This would have also been the case with Mt. Gox, Quadrigra, and FTX. These were all drawn out insolvencies, concealed for months if not years. An exchange engaging in PoR attestations isn’t immune from losing customer funds or being hacked, but the PoR does reveal these losses when they occur, limiting further fallout. In the wake of FTX, PoR is now being voluntarily adopted across the industry. Many of the largest exchanges worldwide, including Kraken, Binance, Bitmex, Derebit, Kucoin, and OKX, now conduct these attestations with frequency, covering tens of billions of dollars in client assets. Lawmakers in the U.S. and abroad have begun to recognize the importance of PoR. In March, Texas passed the landmark HB1666 , which requires firms with money transmitter licenses to carry out PoRs, starting in September. At the federal level, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) included in their reintroduced Responsible Financial Innovation Act mandatory PoR and a request for PCAOB to standardize the procedure. Since 2021, Wyoming has made reference to proof of reserve in the state's Digital Asset Custody Framework. Dubai (see Reserve Assets) and Singapore (see Regulation 16C(11)) have also made reference to similar on- and off-chain reconciliations in recent guidance. Canada has recommended since 2021 that exchanges engage in PoR as a best practice. Bermuda, which is distinguishing itself as a premier crypto-focused regulator, has maintained an explicit reference to proof of reserve in its Digital Assets Custody Code of Practice since 2019. PoR is neither new nor limited in its reach to a handful of enthusiasts. It has existed for years and has already been embraced by regulators worldwide. That doesn't mean PoR is without its critics. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) have engaged in a campaign of harassment leveled at auditors who service crypto firms. They aim to stymie the crypto space by stripping it of CPA firm services, which are necessary for platforms operating in compliance with MTLs and similar regulatory regimes. In a recent letter to the PCAOB, they attacked PoR and called it a “sham audit.” The PCAOB duly released an advisory letter warning investors about PoR attestations. Frightening audit firms away from a fit-for-purpose form of assurance is the opposite of what a reasonable accounting regulator should do. For its part, the AICPA has demurred on issuing any guidance on PoR even though it's progressing on stablecoin attestation standards. This uncertainty has had the effect of leaving most CPA firms unwilling to supervise these procedures. We in the industry are pushing for more sunlight, but some lawmakers in Washington aim to leave us in the dark. The standard critiques of PoR have largely been addressed. PoR is not contemplated as a substitute for standard audit types but rather as a complement. Mindful of this, the Texas legislation blends traditional and crypto-native assurance, asking for PoRs but also for CPAs to supervise them. Specialist CPA firms have emerged with expertise in overseeing these procedures. Traditional assurance is fine, but it’s no substitute for a high-frequency proof to end users that custodians have their funds. And while early PoRs ran the risk of leaking client data, innovations—such as zero-knowledge proofs —allow PoRs to be done safely. We are not asking crypto exchanges to be held to a different standard from conventional custodians. In fact, a frequent proof-of-reserve attestation provides far more transparency than conventional custodians can offer. It’s not a substitute to standard audits but rather a more narrow complement—it enhances conventional audits. Together, the two provide a level of assurance not otherwise attainable. We ask simply that Washington stop undermining the industry’s efforts to clean itself up, recognize the validity of PoR, and facilitate its proliferation across the industry. Lawmakers should encourage the accounting standards setting bodies, like the FASB or the PCAOB, to ratify industry efforts around PoR so audit firms feel empowered to supervise them. And they should recognize the good work that custodians are already doing to make themselves more transparent and accountable. The crypto industry is working hard to gain back trust. If PoR becomes widespread and standardized, we will exceed the level of assurance that custodians can offer with traditional assets. This is a worthy goal, and one that Washington should support. Nic Carter is the cofounder of blockchain-focused investment firm Castle Island Ventures and the cofounder of blockchain data company Coin Metrics. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", "Public blockchains have been touted as cure-alls by enthusiasts over the last decade. Promoters have promised faster securities settlement, decentralized social media, instant payments, cheaper remittances, and everything in between. And indeed, these benefits may come in time. But there’s one domain in which blockchains clearly outperform their traditional counterparts today: accounting.\nBlockchains track debits and credits to accounts on a ledger, just like an ordinary accounting system, but in a real-time, transparent, and immutable fashion (once transfers are settled). The existence of any asset that resides on a blockchain—whether a tokenized security, or a digital commodity like Bitcoin—is fully verifiable at any time by anyone with an internet connection. The entire supply of Bitcoin, down to the tiniest unit—one satoshi—can be verified in real time by anyone running a node. What’s more, any entity can prove mathematically to any third party that they own a digital asset via a cryptographic signature, without the need for any guarantor. This isn’t the case for traditional assets or commodities, which rely on a network of intermediaries to attest to their existence. In practice, this means financial assets end up concentrated in large custodians, like the DTC with equities, or gold with organizations like the LBMA. The high cost of auditability for conventional assets tends to have a concentrating effect.\nThis remarkable auditability property of digital assets has enabled crypto platforms to build attestation tools enabling end users to verify that their assets are actually being held in reserve, and don’t simply exist on someone else’s ledger, subject to error or fraud. And these tools are long overdue. For as long as crypto exchanges and custodians have existed, they have let down their users with a series of spectacular failures—one crisis after the next fromMt. GoxtoBitfinextoQuadrigatoFTXand, most recently,Prime Trust. Those of us who believe in the promise of digital assets are fed up with this grim status quo and have begun to demand more transparency from the exchanges we all rely on.\nAs a result, exchanges and custodial platforms today are coalescing around a simple idea: What if these platforms could indisputably prove to users that they control funds held for users? This is known in the industry as a proof of reserve, or PoR. The concept has existed in the digital asset context for around a decade, and it has been continually refined ever since. Effectively, it involves a custodial platform providing signatures attesting to their unique ownership over some digital assets on-chain, combined with a disclosure of client liabilities. By publishing these datasets, and giving end users—and even interested onlookers—the option to actually verify that a given liability corresponds to some assets, clients can gain strong assurances that the platform is sound.\nLegislative initiatives both at the state and federal level have focused on asking exchanges to segregate client and operating capital, and to give clients assurances in the case of platform liquidation or bankruptcy. This is necessary, but only part of the solution. Prime Trust, which recently revealed it had lost $82 million in client assets and hid those losses for years, was a Nevada Trust company. The architecture of the Trust Charter, ironclad from a legal perspective, unfortunately did little to reveal the loss of assets. A monthly—or even higher frequency—attestation, as is the standard with PoR, would have forced divulging the loss when it first occurred, because Prime Trust would not have been able to provide valid signatures for user funds held. This would have also been the case with Mt. Gox, Quadrigra, and FTX. These were all drawn out insolvencies, concealed for months if not years. An exchange engaging in PoR attestations isn’t immune from losing customer funds or being hacked, but the PoR does reveal these losses when they occur, limiting further fallout.\nIn the wake of FTX, PoR is now being voluntarily adopted across the industry. Many of the largest exchanges worldwide, including Kraken, Binance, Bitmex, Derebit, Kucoin, and OKX, now conduct these attestations with frequency, covering tens of billions of dollars in client assets.\nLawmakers in the U.S. and abroad have begun to recognize the importance of PoR. In March, Texas passed the landmarkHB1666, which requires firms with money transmitter licenses to carry out PoRs, starting in September. At the federal level, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.)includedin their reintroducedResponsible Financial Innovation Actmandatory PoR and a request forPCAOBto standardize the procedure.\nSince 2021, Wyoming hasmade referenceto proof of reserve in the state's Digital Asset Custody Framework.Dubai(see Reserve Assets) andSingapore(see Regulation 16C(11)) have also made reference to similar on- and off-chain reconciliations in recent guidance. Canada hasrecommendedsince 2021 that exchanges engage in PoR as a best practice. Bermuda, which is distinguishing itself as a premier crypto-focused regulator, has maintained an explicit reference to proof of reserve in its Digital Assets Custody Code of Practice since 2019. PoR is neither new nor limited in its reach to a handful of enthusiasts. It has existed for years and has already been embraced by regulators worldwide.\nThat doesn't mean PoR is without its critics. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) have engaged in a campaign of harassment leveled at auditors who service crypto firms. They aim to stymie the crypto space by stripping it of CPA firm services, which are necessary for platforms operating in compliance with MTLs and similar regulatory regimes. In arecent letterto the PCAOB, they attacked PoR and called it a “sham audit.” The PCAOB duly released anadvisory letterwarning investors about PoR attestations. Frightening audit firms away from a fit-for-purpose form of assurance is the opposite of what a reasonable accounting regulator should do. For its part, theAICPAhas demurred on issuing any guidance on PoR even though it's progressing on stablecoin attestation standards. This uncertainty has had the effect of leaving most CPA firms unwilling to supervise these procedures. We in the industry are pushing for more sunlight, but some lawmakers in Washington aim to leave us in the dark.\nThe standard critiques of PoR have largely been addressed. PoR is not contemplated as a substitute for standard audit types but rather as a complement. Mindful of this, the Texas legislation blends traditional and crypto-native assurance, asking for PoRs but also for CPAs to supervise them. SpecialistCPA firmshave emerged with expertise in overseeing these procedures. Traditional assurance is fine, but it’sno substitutefor a high-frequency proof to end users that custodians have their funds. And while early PoRs ran the risk of leaking client data, innovations—such aszero-knowledge proofs—allow PoRs to be done safely.\nWe are not asking crypto exchanges to be held to a different standard from conventional custodians. In fact, a frequent proof-of-reserve attestation provides far more transparency than conventional custodians can offer. It’s not a substitute to standard audits but rather a more narrow complement—it enhances conventional audits. Together, the two provide a level of assurance not otherwise attainable. We ask simply that Washington stop undermining the industry’s efforts to clean itself up, recognize the validity of PoR, and facilitate its proliferation across the industry. Lawmakers should encourage the accounting standards setting bodies, like the FASB or the PCAOB, to ratify industry efforts around PoR so audit firms feel empowered to supervise them. And they should recognize the good work that custodians are already doing to make themselves more transparent and accountable.\nThe crypto industry is working hard to gain back trust. If PoR becomes widespread and standardized, we will exceed the level of assurance that custodians can offer with traditional assets. This is a worthy goal, and one that Washington should support.\nNic Carter is the cofounder of blockchain-focused investment firm Castle Island Ventures and the cofounder of blockchain data company Coin Metrics.The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", 'Namthip Muanthongthae/Getty Images Bitcoin could soar above $120,000 if miners keep holding onto tokens, Standard Chartered analyst Geoff Kendrick said. In an interview with Insider, he acknowledged bitcoin\'s price gains help fuel a positive-feedback loop. "And so your point about this becoming self-fulfilling, I suspect is actually a very important driver." Bitcoin miners are creating a virtuous circle that could propel the token\'s price beyond already-bullish forecasts, Standard Chartered analyst Geoff Kendrick told Insider. That\'s as miners often sell fewer tokens when the price climbs, a bullish tendency that led him say earlier this month that $120,000 is possible next year , representing 300% upside from current levels. In a follow-up interview, Insider asked Kendrick: if higher prices cause miners to sell fewer tokens, further boosting prices, then would even higher prices fuel a positive-feedback loop that takes bitcoin past $120,000? Yes. "And so your point about this becoming self-fulfilling, I suspect is actually a very important driver," he said. Miners predominantly sell bitcoin to cover costs. But as the price rises and previous debt struggles in the industry ebb away, miners are letting go of less bitcoin. Another tailwind is the coin\'s upcoming halving in 2024, which is when the reward given to miners is cut in half. This is to cap the supply of bitcoins, and has historically led to price increases. "Then if you add in some of the other things, like getting close to the halving cycle, et cetera, then that sort of adds," Kendrick said. "And then yeah, the cycle in theory just keeps going." Miners also have little reason outside of bitcoin\'s price moves to sell the token, he said. Some of this is on account of the culture surrounding the industry, with many miners holding on in the anticipation that bitcoin eventually reaches stellar highs. "So they basically want to have a company that starts out when prices are cheap, get cheaper electricity and stuff, and then hold on. It\'s like a super-leveraged play," he said. Kendrick has been bullish on bitcoin this year, and in April he said it would hit $100,000 in 2024 , citing a number of other factors beyond miner profitability. Examples included bitcoin\'s safe-haven reputation, regulatory adaptations, institutional interest, alternative currency fall-off, and less volatility. Now, he told Insider that a few of these factors also suggest more upside. For instance, BlackRock\'s interest in creating a bitcoin spot ETF signals growing demand from the investment firm\'s clients, while the Federal Reserve\'s expected end on its rate-hiking cycle would marginally help bitcoin. Story continues The one factor that Kendrick would reassess was his idea that bitcoin would gain from disinvestment in other crypto, or so-called altcoins. For this, he noted the recent courtroom victory of Ripple over the Securities and Exchange Commission, which sued the firm in 2020 over its cryptocurrency XRP . However, a judge recently ruled in favor of Ripple , saying XRP is not a security, meaning it\'s outside the SEC\'s regulatory reach. The news sparked a rally in altcoins. "So the assumption is, well, if Ripple is not [a security], then these are also not," he said. "So that\'s why you had big bounces in like Solana , as an example." How long this tailwind for altcoins will last is uncertain, Kendrick said, adding that any institutional success in establishing bitcoin ETFs would prompt a renewed focus on apex tokens. Read the original article on Business Insider View comments', '• Bitcoin could soar above $120,000 if miners keep holding onto tokens, Standard Chartered analyst Geoff Kendrick said.\n• In an interview with Insider, he acknowledged bitcoin\'s price gains help fuel a positive-feedback loop.\n• "And so your point about this becoming self-fulfilling, I suspect is actually a very important driver."\nBitcoinminers are creating a virtuous circle that could propel the token\'s price beyond already-bullish forecasts, Standard Chartered analyst Geoff Kendrick told Insider.\nThat\'s as miners often sell fewer tokens when the price climbs, a bullish tendency that led him say earlier this month that$120,000 is possible next year, representing 300% upside from current levels.\nIn a follow-up interview, Insider asked Kendrick: if higher prices cause miners to sell fewer tokens, further boosting prices, then would even higher prices fuel a positive-feedback loop that takes bitcoin past $120,000?\nYes.\n"And so your point about this becoming self-fulfilling, I suspect is actually a very important driver," he said.\nMiners predominantly sell bitcoin to cover costs. But as the price rises and previousdebt strugglesin the industry ebb away, miners are letting go of less bitcoin.\nAnother tailwind is the coin\'s upcoming halving in 2024, which is when the reward given to miners is cut in half. This is to cap the supply of bitcoins, and has historically led to price increases.\n"Then if you add in some of the other things, like getting close to the halving cycle, et cetera, then that sort of adds," Kendrick said. "And then yeah, the cycle in theory just keeps going."\nMiners also have little reason outside of bitcoin\'s price moves to sell the token, he said. Some of this is on account of the culture surrounding the industry, with many miners holding on in the anticipation that bitcoin eventually reaches stellar highs.\n"So they basically want to have a company that starts out when prices are cheap, get cheaper electricity and stuff, and then hold on. It\'s like a super-leveraged play," he said.\nKendrick has been bullish on bitcoin this year, and in April he said it would hit$100,000 in 2024, citing a number of other factors beyond miner profitability. Examples included bitcoin\'s safe-haven reputation, regulatory adaptations, institutional interest, alternative currency fall-off, and less volatility.\nNow, he told Insider that a few of these factors also suggest more upside.\nFor instance, BlackRock\'s interest in creating abitcoin spot ETFsignals growing demand from the investment firm\'s clients, while the Federal Reserve\'s expected end on its rate-hiking cycle would marginally help bitcoin.\nThe one factor that Kendrick would reassess was his idea that bitcoin would gain from disinvestment in other crypto, or so-called altcoins.\nFor this, he noted the recent courtroom victory of Ripple over the Securities and Exchange Commission, which sued the firmin 2020over its cryptocurrencyXRP.\nHowever, a judge recentlyruled in favor of Ripple, saying XRP is not a security, meaning it\'s outside the SEC\'s regulatory reach. The news sparked a rally in altcoins.\n"So the assumption is, well, if Ripple is not [a security], then these are also not," he said. "So that\'s why you had big bounces in likeSolana, as an example."\nHow long this tailwind for altcoins will last is uncertain, Kendrick said, adding that any institutional success in establishing bitcoin ETFs would prompt a renewed focus on apex tokens.\nRead the original article onBusiness Insider', "A Nevada woman who tried to pay a hitman on the dark web with Bitcoin to kill her ex-husband received a five-year prison sentence on Friday.\nKristy Lynn Felkins, 38, pleaded guilty in March to the use of “interstate commerce facilities in the commission of murder-for-hire,” according to theU.S. Department of Justice. She faced a maximum sentence of 10 years in prison.\nIn 2016, she sent 12 Bitcoin, then worth $5,000, to the administrator of a site on the Tor network called Besa Mafia, which claimed to offer murder-for-hire services. The Bitcoin she sent would be worth nearly $360,000 today, according to CoinGecko.\nFor four months in 2016, Felkins exchanged messages with the Besa Mafia website administrator. Sheprovided specific information about how her ex-husband could be found, including his home address, vehicle, and what time he left for work, according to acriminal complaintfiled in 2020.\nMan Used Coinbase to Pay Hitman in Bitcoin for Wife's Murder, FBI Says\nFelkins’ wanted her ex-husband’s murder to look like an accident but didn’t agree to a $4,000 upcharge. After her payment was sent, the site’s administrator said a hitman was assigned and that her husband would be gone within a week.\nHowever, no murder took place. Besa Mafia was a scam site, and Felkins was never refunded Bitcoin she sent to the website, which is no longer in operation, the DOJ said in apress release. The Justice Department did not disclose how it became aware of Felkins' actions.\nAt her sentencing on Friday, Felkins' ex-husband Gabriel Scott of North Carolinasaidhe was “very, very surprised” when he learned of the failed plot to murder him, describing Felkins as “a wonderful mother,” perThe Sacramento Bee.\nThe divorce had been “as amicable as you could expect,” Scott told U.S. District Judge Troy L. Nunley, who had summoned Scott for his opinion. Still, Scott believed Felkins deserved some sort of sentence.\nFelkins told the Besa Mafia administrator in 2016 that she was in a position to benefit from her ex-husband’s death. “I stand to get his retirement, our house and possibly a large life insurance payout,” she said, according to the case’s complaint.\nYet on Friday, Felkins said she’s thankful the person in charge of Besa Mafia didn’t deliver on the agreement they had established.\n“I’m very glad that no harm came to Gabe,” she said. “I do thank God every day that the person I talked to was a scam artist.”\nA similar sting led to the arrest and imprisonment of a Mississippi womanlast year, when she paid $10,000 in Bitcoin to a purported hitman who turned out to be a federal law enforcement agent.", "A Nevada woman who tried to pay a hitman on the dark web with Bitcoin to kill her ex-husband received a five-year prison sentence on Friday.\nKristy Lynn Felkins, 38, pleaded guilty in March to the use of “interstate commerce facilities in the commission of murder-for-hire,” according to theU.S. Department of Justice. She faced a maximum sentence of 10 years in prison.\nIn 2016, she sent 12 Bitcoin, then worth $5,000, to the administrator of a site on the Tor network called Besa Mafia, which claimed to offer murder-for-hire services. The Bitcoin she sent would be worth nearly $360,000 today, according to CoinGecko.\nFor four months in 2016, Felkins exchanged messages with the Besa Mafia website administrator. Sheprovided specific information about how her ex-husband could be found, including his home address, vehicle, and what time he left for work, according to acriminal complaintfiled in 2020.\nMan Used Coinbase to Pay Hitman in Bitcoin for Wife's Murder, FBI Says\nFelkins’ wanted her ex-husband’s murder to look like an accident but didn’t agree to a $4,000 upcharge. After her payment was sent, the site’s administrator said a hitman was assigned and that her husband would be gone within a week.\nHowever, no murder took place. Besa Mafia was a scam site, and Felkins was never refunded Bitcoin she sent to the website, which is no longer in operation, the DOJ said in apress release. The Justice Department did not disclose how it became aware of Felkins' actions.\nAt her sentencing on Friday, Felkins' ex-husband Gabriel Scott of North Carolinasaidhe was “very, very surprised” when he learned of the failed plot to murder him, describing Felkins as “a wonderful mother,” perThe Sacramento Bee.\nThe divorce had been “as amicable as you could expect,” Scott told U.S. District Judge Troy L. Nunley, who had summoned Scott for his opinion. Still, Scott believed Felkins deserved some sort of sentence.\nFelkins told the Besa Mafia administrator in 2016 that she was in a position to benefit from her ex-husband’s death. “I stand to get his retirement, our house and possibly a large life insurance payout,” she said, according to the case’s complaint.\nYet on Friday, Felkins said she’s thankful the person in charge of Besa Mafia didn’t deliver on the agreement they had established.\n“I’m very glad that no harm came to Gabe,” she said. “I do thank God every day that the person I talked to was a scam artist.”\nA similar sting led to the arrest and imprisonment of a Mississippi womanlast year, when she paid $10,000 in Bitcoin to a purported hitman who turned out to be a federal law enforcement agent.", "A Nevada woman who tried to pay a hitman on the dark web with Bitcoin to kill her ex-husband received a five-year prison sentence on Friday. Kristy Lynn Felkins, 38, pleaded guilty in March to the use of “interstate commerce facilities in the commission of murder-for-hire,” according to the U.S. Department of Justice . She faced a maximum sentence of 10 years in prison. In 2016, she sent 12 Bitcoin, then worth $5,000, to the administrator of a site on the Tor network called Besa Mafia, which claimed to offer murder-for-hire services. The Bitcoin she sent would be worth nearly $360,000 today, according to CoinGecko. For four months in 2016, Felkins exchanged messages with the Besa Mafia website administrator. She provided specific information about how her ex-husband could be found, including his home address, vehicle, and what time he left for work, according to a criminal complaint filed in 2020. Man Used Coinbase to Pay Hitman in Bitcoin for Wife's Murder, FBI Says Felkins’ wanted her ex-husband’s murder to look like an accident but didn’t agree to a $4,000 upcharge. After her payment was sent, the site’s administrator said a hitman was assigned and that her husband would be gone within a week. However, no murder took place. Besa Mafia was a scam site, and Felkins was never refunded Bitcoin she sent to the website, which is no longer in operation, the DOJ said in a press release . The Justice Department did not disclose how it became aware of Felkins' actions. At her sentencing on Friday, Felkins' ex-husband Gabriel Scott of North Carolina said he was “very, very surprised” when he learned of the failed plot to murder him, describing Felkins as “a wonderful mother,” per The Sacramento Bee . The divorce had been “as amicable as you could expect,” Scott told U.S. District Judge Troy L. Nunley, who had summoned Scott for his opinion. Still, Scott believed Felkins deserved some sort of sentence. Felkins told the Besa Mafia administrator in 2016 that she was in a position to benefit from her ex-husband’s death. “I stand to get his retirement, our house and possibly a large life insurance payout,” she said, according to the case’s complaint. Story continues Yet on Friday, Felkins said she’s thankful the person in charge of Besa Mafia didn’t deliver on the agreement they had established. “I’m very glad that no harm came to Gabe,” she said. “I do thank God every day that the person I talked to was a scam artist.” A similar sting led to the arrest and imprisonment of a Mississippi woman last year , when she paid $10,000 in Bitcoin to a purported hitman who turned out to be a federal law enforcement agent.", 'Illustration by Mitchell Preffer for Decrypt This week was a relatively slow week when it came to crypto news and the Twittering class. Aside from the SEC moving Valkyrie’s Bitcoin spot ETF application to the review round and a couple of legislative proposals in Washington, there was little hype—reflected in the static price performance of market leaders Bitcoin and Ethereum. Crypto Twitter matched that sedate energy this week. Apart from Elon Musk\'s late breaking branding change , there were no shocking revelations or furious public debates between industry figures. Just a few announcements, reflections and interesting bits of information. On Monday, Peckshield shared some infographics in a thread breaking down the monumental cost of hacks in Web3 in the first half of 2023. #PeckShieldAlert In H1 2023, there are 395+ major hacks (386 DeFi related) in Web3 space, leading to ~$479.4m loss. Among these hacks, top 10 account for $378.3m (79%) of total stolen funds. pic.twitter.com/ZrQQi8neyP — PeckShieldAlert (@PeckShieldAlert) July 17, 2023 That same day, anonymous crypto trader @AltcoinPsycho criticized the legal team overseeing FTX’s bankruptcy. FTX Ch 11 lawyers intentionally chose the most expensive KYC method to bill more hours (and they’re having lawyers handle the non-legal admin work) The most fraudulent failure of fiduciary duty I’ve ever seen by a legal team — Psycho (@AltcoinPsycho) July 17, 2023 Twitter-only crypto news account @Tier10k shared allegations from the founder of dollar-pegged stablecoin TrueUSD’s progenitor Archblock that TRON chief Justin Sun acquired a lot of TUSD “without stakeholder approval” nearly three years ago. Story continues Archblock Founder Claims Justin Sun Was Secret TUSD Acquirer in Lawsuit (Not exactly a shocker) pic.twitter.com/ybTPmSOmtk — db (@tier10k) July 17, 2023 Chainlink announced its new Cross-Chain Interoperability Protocol that day. The CCIP announcement helped the LINK token to rally 17% this week . 1/ The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets. #LinkTheWorld pic.twitter.com/SdLVyaapg3 — Chainlink (@chainlink) July 17, 2023 An NFT critical of China’s leader Xi Jinping was delisted on OpenSea, according to anonymous NFT trader @Anonymoux2311 . It appears @opensea has succumbed to pressure from Chairman Xi and CCP - If anyone wants to sell @patrickamadon Clock Out via otc please dm pic.twitter.com/XPj64DP93r — Anonymoux ⌐◨-◨ (@Anonymoux2311) July 17, 2023 A video made the rounds this week of SEC chair Gary Gensler smiling through the pain after being asked to comment on the verdict of Judge Analisa Torres in the Commission’s case against Ripple, which has been ongoing since December 2020. Gensler alleged that XRP was a security, Torres said it’s "not neccessarily" a security, depending how it’s sold. For retail buyers, she said it’s not a security at all. Gary Gensler sends STRONG message to $XRP hodlers 👇 pic.twitter.com/CbnbzdsE7p — Altcoin Daily (@AltcoinDailyio) July 17, 2023 OpenSea and Rarible have both joined the Opepen train by the looks of it. Opepen is an NFT collection that redraws the famous Pepe meme from squares and circles (and combinations of the two). Opensea and Rarible changing PFPs to opepen is the culture. It’s happening pic.twitter.com/EnsbIe93Do — ThreadGuy 👑 (@notthreadguy) July 17, 2023 And as noted, Valkyrie’s refiled Bitcoin Spot ETF application made it to the review round, a week after BlackRock’s. Bloomberg journalist James Seyffart pointed out that like BlackRock, Valkyrie lists Nasdaq as its exchange. It should also be noted that Valkyrie also listed its surveillance sharing partner as Coinbase, after BlackRock . Who said copying doesn’t pay off? Anddd we have anotha one! Most interesting here with this updated Valkyrie Bitcoin Fund prospectus -- they have changed their exchange to Nasdaq (same as BlackRock) anddd they gave us a ticker $BRRR . pic.twitter.com/3QxeFRfLPy — James Seyffart (@JSeyff) June 21, 2023 On Wednesday, Solana announced the launch of Solang, a protocol that enables developers who are savvy with Ethereum’s programming language, Solidity, to start building on Solana. 1/ 🎉Introducing Solang: Building on Solana with Solidity Today, @solanalabs announces Solang, a compiler enabling developers to write smart contracts on Solana in Solidity, the primary programming language of Ethereum. https://t.co/X703sAMJBC Learn more👇 — Solana (@solana) July 19, 2023 Jerry Brito, the executive director of pro-crypto policy lobbyists Coin Centre, explained why you should care about Congress’s expansion of Section 6050I of the tax code. 2/ This law take effect on Jan 1, 2024, and will require citizens who are recipients of crypto payments of $10,000 or more to report to the government not just the transaction, but the PII of the sender as well–all without a warrant. — Jerry Brito (@jerrybrito) July 20, 2023 Finally on Friday, Gabriel Shapiro, the General Counsel at Web3 incubator Delphi Labs, explained in a thread why he’s disappointed by a new 212-page crypto policy bill that was introduced this week by Republican lawmakers. Was a huge fan of this bill and they took a lot of feedback but unfortunately they made one change that completely alters the value prop of the bill, reintros massive ambiguity, re-empowers SEC enforcement and would wreak havoc on DeFi.... https://t.co/anYMXpAIoN pic.twitter.com/QXeAXd2Rz9 — _gabrielShapir0 (@lex_node) July 20, 2023', 'This weekwas a relatively slow week when it came to crypto news and the Twittering class. Aside from the SEC moving Valkyrie’s Bitcoin spot ETF application to the review round and a couple of legislative proposals in Washington, there was little hype—reflected in the static price performance of market leaders Bitcoin and Ethereum.\nCrypto Twitter matched that sedate energy this week. Apart from Elon Musk\'slate breaking branding change, there were no shocking revelations or furious public debates between industry figures. Just a few announcements, reflections and interesting bits of information.\nOn Monday, Peckshield shared some infographics in a thread breaking down the monumental cost of hacks in Web3 in the first half of 2023.\nThat same day, anonymous crypto trader@AltcoinPsychocriticized the legal team overseeing FTX’s bankruptcy.\nTwitter-only crypto news account@Tier10kshared allegations from the founder of dollar-pegged stablecoin TrueUSD’s progenitor Archblock that TRON chief Justin Sun acquired a lot of TUSD “without stakeholder approval” nearly three years ago.\nChainlink announced its new Cross-Chain Interoperability Protocol that day. The CCIP announcement helped the LINK token to rally17% this week.\nAn NFT critical of China’s leader Xi Jinping was delisted on OpenSea, according to anonymous NFT trader@Anonymoux2311.\nA video made the rounds this week of SEC chair Gary Gensler smiling through the pain after being asked to comment on the verdict of Judge Analisa Torres in the Commission’s case against Ripple, which has been ongoing since December 2020.\nGensler alleged that XRP was a security, Torres said it’s "not neccessarily" a security, depending how it’s sold. For retail buyers, she said it’s not a security at all.\nOpenSea and Rarible have both joined the Opepen train by the looks of it. Opepen is an NFT collection that redraws the famous Pepe meme from squares and circles (and combinations of the two).\nAnd as noted, Valkyrie’s refiled Bitcoin Spot ETF application made it to the review round, a week after BlackRock’s. Bloomberg journalist James Seyffart pointed out that like BlackRock, Valkyrie lists Nasdaq as its exchange. It should also be noted that Valkyrie also listed its surveillance sharing partner as Coinbase,after BlackRock. Who said copying doesn’t pay off?\nOn Wednesday, Solana announced the launch of Solang, a protocol that enables developers who are savvy with Ethereum’s programming language, Solidity, to start building on Solana.\nJerry Brito, the executive director of pro-crypto policy lobbyists Coin Centre, explained why you should care about Congress’s expansion of Section 6050I of the tax code.\nFinally on Friday, Gabriel Shapiro, the General Counsel at Web3 incubator Delphi Labs, explained in a thread why he’s disappointed by a new212-page crypto policy billthat was introduced this week by Republican lawmakers.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $582,080,026,169 - Hash Rate: 393951025.0520118 - Transaction Count: 559624.0 - Unique Addresses: 691587.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered’s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana’s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data. Bitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according todatafrom CoinMarketCap. Crypto investor optimism continues after Standard Chartered Bank’s Bitcoinprojectionon Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024. “While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,” said Bradley Duke, founder and chief strategy officer of crypto ETP providerETC Group. “The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,” Duke said. “With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it’s logical that the price of Bitcoin responds in a proportionate manner,” Duke added. Elsewhere, the Chicago Board Options Exchange (Cboe) on Tuesdayfiledseveral amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter’s share price to surge 9.78% on Tuesday. Other factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fundAltTab Capital. He noted that next year will be the Bitcoin “halving” event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity. “As scarcity increases and demand grows, assets generally rise in price,” Moritz said. “We’ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it’s because they too see the potential for strong growth,” he added. Meanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week. Most other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%. Solana’s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data trackerDefiLlama. “SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock. Elsewhere, blockchain analytics firm Lookonchainreportedon Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to theArkham (ARKM) token sale, which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event. The total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The mainForkast 500 NFT indexfell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast’s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano’s index rose. Parallel Avatars, an Ethereum-based NFT collection for Web3 sci-fi gameParallel, was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data fromCryptoSlam. Station3 Patron, another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500. “(Thecollection) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Sales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection’s floor price has dropped by 24% over the past 30 days, according to NFT analytics platformWGMI.io. Given the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data fromCoinGecko. “There’s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week’s recovery was short-lived,” said Petscher in a Wednesdaycommentary. “The end of Blur’sseason tworewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.” Elsewhere, Japanese gaming giantSegaCorporation on Monday announced apartnershipwith Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega’s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega wasreportedto be winding down its Web3 gaming businesses. U.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading. Investors are waiting for Wednesday’s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country’s inflation situation and the Federal Reserve’s future monetary policies. Several Fed officialssaidon Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed’s monetary tightening cycle is in sight. Analysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to aBloombergreport published Monday. The Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged. Meanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season. Elsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China’sShanghai Compositeand Japan’sNikkeiedged lower, while Hong Kong’sHang Sengand South Korea’sKospitraded higher. The People’s Bank of China on Tuesdayreportedan acceleration in the country’s new loans for June. That raisedhopethat the economy’s growth will speed up in the second half of the year. (Updates with equity section.)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near US$1,900, while most other top 10 non-stablecoin cryptocurrencies logged gains. Cardano’s ADA token led the winners. In other markets, NFTs traded flat, while U.S. equity futures did the same. The week ahead brings lots more earnings in the U.S. for investors to get a picture of the state of the economy, while the Federal Reserve has a two-day meeting where it’s expected to raise interest rates.\nBitcoin rose 1.33% over the 24 hours to US$30,059 as of 07:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. Ether gained 1.73% to US$1,887.\nHowever, both tokens have yet tomake up lossesfor the past seven days, with Bitcoin off 0.37% for the week, while Ether is sitting on a weekly loss of 1.73%.\xa0Bitcoin fell back later in the morning.\nTrading in Bitcoin and Ether will remain rangebound until the Fed decision on rates on July 27, Mark Wong, senior trader at Hong Kong-based digital asset platform Hashkey Group, said in a Friday newsletter. “A rate hike is all but priced in with an implied probability of 99.8% from the futures market,” Wong said.\nMost other top 10 non-stablecoin cryptocurrencies also traded higher Monday, with Cardano’s ADA token leading the winners with a gain of 3.01% to US$0.3169 and up 0.59% for the week.\nInput Output Global, one of the developers behind the Cardano blockchain, last week saidMithril– a Cardano stake-based signature scheme – was nearing its mainnet launch to improve the node syncing and security of the Cardano network.\nOn the regulatory front, a portion of the court’s recent verdict in theRipple casewas “wrongly decided,”saidthe U.S. Securities and Exchange Commission (SEC) on Friday in documents filed in its on-going lawsuit against Singapore-based Terraform Labs, hinting that the SEC would challenge the Ripple ruling.\nThe SEC in FebruarychargedSingapore-based Terraform Labs Pte and its co-founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume rose 13.56% to US$24.5 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.08% in the past 24 hours to 2,674.69 as of 10:10 a.m. in Hong Kong. Forkast’s Ethereum, Solana and Polygon NFT market indices moved lower, while the Cardano index logged gains.\nTotal NFT sales volume rose 1.30% in the past 24 hours to US$17.24 million, according to data fromCryptoSlam, with the volume on Ethereum totaling US$12.02 million or more than two thirds of the total.\nAmong all NFT collections, Ethereum-based Bored Ape Yacht Club topped the 24-hour sales volume at US$1.60 million, edging up 1.19%. Volumes traded mixed in the top five NFT collections.\nOpenSea, the world’s second-largest NFT marketplace by trading volume,launchedits “Deals” function on Friday, which allows its NFT holders to directly swap their collections with each other and include wrapped Ether (WETH) in their offers to sweeten up the transactions.\nElsewhere, the slump in value of Twitter Co-Founder Jack Dorsey’s first NFT caught the attention of mainstream media includingCNBCandthe Economic Timeson Sunday. The NFT, based on Dorsey’s first Twitter post, sold at over US$2.1 million in 2021, but the highest offer for the NFT is now 1 ETH (US$1,875), according toOpenSea.\n“The NFT market is looking rather flat in the Forkast 500 index, (which) reflects that continued downtrend we’ve been watching most of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs,saidon Friday. The Forkast 500 NFT index has dropped over 35% since the start of the year.\n“With the exception of January, the market almost completely slants right,” said Petscher.\nU.S. stock futurestradedmixed as of 12:30 p.m. in Hong Kong, with Dow Jones Industrial Average and S&P 500 futures dipping and Nasdaq futures edging higher. The three major U.S. indexes closed mixed in regular trading on Friday.\nAsia’s main stock indexes also traded mixed on Monday morning. China’sShanghai Composite, Japan’sNikkeiand South Korea’sKospiall gained, while Hong Kong’sHang Sengfell.\nThe U.S. Federal Reserve meets Wednesday and Thursday this week on interest rates and analysts overwhelmingly expect another 25-basis-point rate hike. The European Central Bank (ECB) is also expected to raise its rates later this week.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise rates to the range of 5.25% to 5.5% on July 26, the highest since January 2001.\nWith a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according toBloombergon Saturday.\nAlong with the Fed and ECB, Japan’s central bank will also meet this week, but there is little likelihood of any change to its ultra-loose monetary policy.\nIn the U.S. this week, more than 150 U.S. corporations, including Microsoft, Alphabet and Meta Platforms, will release second-quarter results.\n(Updates with equity section.)', 'Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near US$1,900, while most other top 10 non-stablecoin cryptocurrencies logged gains. Cardano’s ADA token led the winners. In other markets, NFTs traded flat, while U.S. equity futures did the same. The week ahead brings lots more earnings in the U.S. for investors to get a picture of the state of the economy, while the Federal Reserve has a two-day meeting where it’s expected to raise interest rates.\nBitcoin rose 1.33% over the 24 hours to US$30,059 as of 07:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. Ether gained 1.73% to US$1,887.\nHowever, both tokens have yet tomake up lossesfor the past seven days, with Bitcoin off 0.37% for the week, while Ether is sitting on a weekly loss of 1.73%.\xa0Bitcoin fell back later in the morning.\nTrading in Bitcoin and Ether will remain rangebound until the Fed decision on rates on July 27, Mark Wong, senior trader at Hong Kong-based digital asset platform Hashkey Group, said in a Friday newsletter. “A rate hike is all but priced in with an implied probability of 99.8% from the futures market,” Wong said.\nMost other top 10 non-stablecoin cryptocurrencies also traded higher Monday, with Cardano’s ADA token leading the winners with a gain of 3.01% to US$0.3169 and up 0.59% for the week.\nInput Output Global, one of the developers behind the Cardano blockchain, last week saidMithril– a Cardano stake-based signature scheme – was nearing its mainnet launch to improve the node syncing and security of the Cardano network.\nOn the regulatory front, a portion of the court’s recent verdict in theRipple casewas “wrongly decided,”saidthe U.S. Securities and Exchange Commission (SEC) on Friday in documents filed in its on-going lawsuit against Singapore-based Terraform Labs, hinting that the SEC would challenge the Ripple ruling.\nThe SEC in FebruarychargedSingapore-based Terraform Labs Pte and its co-founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume rose 13.56% to US$24.5 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.08% in the past 24 hours to 2,674.69 as of 10:10 a.m. in Hong Kong. Forkast’s Ethereum, Solana and Polygon NFT market indices moved lower, while the Cardano index logged gains.\nTotal NFT sales volume rose 1.30% in the past 24 hours to US$17.24 million, according to data fromCryptoSlam, with the volume on Ethereum totaling US$12.02 million or more than two thirds of the total.\nAmong all NFT collections, Ethereum-based Bored Ape Yacht Club topped the 24-hour sales volume at US$1.60 million, edging up 1.19%. Volumes traded mixed in the top five NFT collections.\nOpenSea, the world’s second-largest NFT marketplace by trading volume,launchedits “Deals” function on Friday, which allows its NFT holders to directly swap their collections with each other and include wrapped Ether (WETH) in their offers to sweeten up the transactions.\nElsewhere, the slump in value of Twitter Co-Founder Jack Dorsey’s first NFT caught the attention of mainstream media includingCNBCandthe Economic Timeson Sunday. The NFT, based on Dorsey’s first Twitter post, sold at over US$2.1 million in 2021, but the highest offer for the NFT is now 1 ETH (US$1,875), according toOpenSea.\n“The NFT market is looking rather flat in the Forkast 500 index, (which) reflects that continued downtrend we’ve been watching most of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs,saidon Friday. The Forkast 500 NFT index has dropped over 35% since the start of the year.\n“With the exception of January, the market almost completely slants right,” said Petscher.\nU.S. stock futurestradedmixed as of 12:30 p.m. in Hong Kong, with Dow Jones Industrial Average and S&P 500 futures dipping and Nasdaq futures edging higher. The three major U.S. indexes closed mixed in regular trading on Friday.\nAsia’s main stock indexes also traded mixed on Monday morning. China’sShanghai Composite, Japan’sNikkeiand South Korea’sKospiall gained, while Hong Kong’sHang Sengfell.\nThe U.S. Federal Reserve meets Wednesday and Thursday this week on interest rates and analysts overwhelmingly expect another 25-basis-point rate hike. The European Central Bank (ECB) is also expected to raise its rates later this week.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise rates to the range of 5.25% to 5.5% on July 26, the highest since January 2001.\nWith a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according toBloombergon Saturday.\nAlong with the Fed and ECB, Japan’s central bank will also meet this week, but there is little likelihood of any change to its ultra-loose monetary policy.\nIn the U.S. this week, more than 150 U.S. corporations, including Microsoft, Alphabet and Meta Platforms, will release second-quarter results.\n(Updates with equity section.)', 'Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near US$1,900, while most other top 10 non-stablecoin cryptocurrencies logged gains. Cardano\x92s ADA token led the winners. In other markets, NFTs traded flat, while U.S. equity futures did the same. The week ahead brings lots more earnings in the U.S. for investors to get a picture of the state of the economy, while the Federal Reserve has a two-day meeting where it\x92s expected to raise interest rates. Crypto Bitcoin rose 1.33% over the 24 hours to US$30,059 as of 07:30 a.m. in Hong Kong, according to data from CoinMarketCap. Ether gained 1.73% to US$1,887. However, both tokens have yet to make up losses for the past seven days, with Bitcoin off 0.37% for the week, while Ether is sitting on a weekly loss of 1.73%.\xa0Bitcoin fell back later in the morning. Trading in Bitcoin and Ether will remain rangebound until the Fed decision on rates on July 27, Mark Wong, senior trader at Hong Kong-based digital asset platform Hashkey Group, said in a Friday newsletter. \x93A rate hike is all but priced in with an implied probability of 99.8% from the futures market,\x94 Wong said. Most other top 10 non-stablecoin cryptocurrencies also traded higher Monday, with Cardano\x92s ADA token leading the winners with a gain of 3.01% to US$0.3169 and up 0.59% for the week. Input Output Global, one of the developers behind the Cardano blockchain, last week said Mithril \x96 a Cardano stake-based signature scheme \x96 was nearing its mainnet launch to improve the node syncing and security of the Cardano network. On the regulatory front, a portion of the court\x92s recent verdict in the Ripple case was \x93wrongly decided,\x94 said the U.S. Securities and Exchange Commission (SEC) on Friday in documents filed in its on-going lawsuit against Singapore-based Terraform Labs, hinting that the SEC would challenge the Ripple ruling. The SEC in February charged Singapore-based Terraform Labs Pte and its co-founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. Story continues The total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume rose 13.56% to US$24.5 billion. Forkast 500 flat, OpenSea starts NFT swapping The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.08% in the past 24 hours to 2,674.69 as of 10:10 a.m. in Hong Kong. Forkast\x92s Ethereum, Solana and Polygon NFT market indices moved lower, while the Cardano index logged gains. Total NFT sales volume rose 1.30% in the past 24 hours to US$17.24 million, according to data from CryptoSlam , with the volume on Ethereum totaling US$12.02 million or more than two thirds of the total. Among all NFT collections, Ethereum-based Bored Ape Yacht Club topped the 24-hour sales volume at US$1.60 million, edging up 1.19%. Volumes traded mixed in the top five NFT collections. OpenSea, the world\x92s second-largest NFT marketplace by trading volume, launched its \x93Deals\x94 function on Friday, which allows its NFT holders to directly swap their collections with each other and include wrapped Ether (WETH) in their offers to sweeten up the transactions. Elsewhere, the slump in value of Twitter Co-Founder Jack Dorsey\x92s first NFT caught the attention of mainstream media including CNBC and the Economic Times on Sunday. The NFT, based on Dorsey\x92s first Twitter post, sold at over US$2.1 million in 2021, but the highest offer for the NFT is now 1 ETH (US$1,875), according to OpenSea . \x93The NFT market is looking rather flat in the Forkast 500 index, (which) reflects that continued downtrend we\x92ve been watching most of the year,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, said on Friday. The Forkast 500 NFT index has dropped over 35% since the start of the year. \x93With the exception of January, the market almost completely slants right,\x94 said Petscher. US equities await Fed, earnings Federal Reserve Chairman Jerome Powell\|Image: Getty Images U.S. stock futures traded mixed as of 12:30 p.m. in Hong Kong, with Dow Jones Industrial Average and S&P 500 futures dipping and Nasdaq futures edging higher. The three major U.S. indexes closed mixed in regular trading on Friday. Asia\x92s main stock indexes also traded mixed on Monday morning. China\x92s Shanghai Composite , Japan\x92s Nikkei and South Korea\x92s Kospi all gained, while Hong Kong\x92s Hang Seng fell. The U.S. Federal Reserve meets Wednesday and Thursday this week on interest rates and analysts overwhelmingly expect another 25-basis-point rate hike. The European Central Bank (ECB) is also expected to raise its rates later this week. The CME FedWatch Tool predicts a 99.8% chance the Fed will raise rates to the range of 5.25% to 5.5% on July 26, the highest since January 2001. With a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according to Bloomberg on Saturday. Along with the Fed and ECB, Japan\x92s central bank will also meet this week, but there is little likelihood of any change to its ultra-loose monetary policy. In the U.S. this week, more than 150 U.S. corporations, including Microsoft, Alphabet and Meta Platforms, will release second-quarter results. (Updates with equity section.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds near $30,000, as investors remain cautious, an analyst says.\nInsights:Ben Zhou, the CEO of crypto exchange Bybit, sees different regional hubs competing for business in the future.\nCoinDesk Market Index (CMI)\n1,258\n+10.7▲0.9%\nBitcoin (BTC)\n$29,951\n+90.7▲0.3%\nEthereum (ETH)\n$1,882\n+13.1▲0.7%\nS&P 500\n4,536.34\n+1.5▲0.0%\nGold\n$1,964\n−0.8▼0.0%\nNikkei 225\n32,304.25\n−186.3▼0.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "+10.7\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,951", "+90.7\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,882", "+13.1\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,536.34", "+1.5\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,964", "\\u22120.8\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,304.25", "\\u2212186.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto Traders Are Cautious as BTC Maintains $30K\nAs Asia begins its trading week, theCoinDesk Market Indexis at 1,302, up 1.27%.\nBitcoin is at $29,951, up 0.3%, while ether is up 0.7% at $1,882.\n“The trading range remains relatively narrow due to investors\' cautious stance, primarily influenced by ongoing developments surrounding the legal case of XRP,” Johnny Teng, Senior Researcher at LBank Labs, wrote in a note to CoinDesk. “The disappointment expressed by SEC chair Gary Gensler over the court\'s ruling on the securitization of XRP token has added to uncertainty, with the possibility of an appeal by the SEC further complicating the situation.”\nAnticipated selling pressure from the U.S. government\'s sale of confiscated BTC and profit realization by short-term holders, combined with strong support from institutional players and the existence of significant liquidity around $24,300, is contributing to a state of heightened uncertainty in the bitcoin market, necessitating prudent decision-making by investors, added Teng.\nBitBull Capital’s Joe DiPasquale said that the market appears to be continuing a consolidation, and the sentiment is still positive, but both bulls and bears need to be cautious.\n“For now, bulls may want to be cautious since drops are not out of the question,” DiPasquale wrote in a note to CoinDesk. “Bears will need to be extra cautious, since their downside risk, at this point, is far greater than any potential gain projections.”\nThis week is scheduled to be a busy one, with the FOMC decision on interest-rate policy due Wednesday, alongside plenty of earnings. But its already been telegraphed that thisrate hike will be the last, meaning traders might have already priced it in.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+5.3%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221217.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u221212.8%", "DACS Sector": "Computing"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platform"}]\nBybit CEO Ben Zhou: Regulators See "Opportunity, Rather Than Crisis"\nThe tone regulators are taking with regard to crypto is remarkably different in Asia and the Middle East to North America, said the CEO of Bybit, Ben Zhou, in an interview with CoinDesk.\nCrypto licensing is no longer a process governed by anxiety and fear, Zhou observed, and while different jurisdictions are taking unique approaches, there is a shared commonality in that regulators are looking to work with crypto companies and not against them.\n“You start to see many regulators realizing this is actually an opportunity, rather than a crisis,” Zhou told CoinDesk. “Hong Kong, for example, is becoming extremely aggressive, trying to attract crypto companies, trying to attract talent."\nWhile all regulators, broadly, want the same goal they aren’t at the same place in the race.\nDubai’s Virtual Assets Regulatory Authority (VARA), in Zhou’s opinion, is right now “more advanced” than Hong Kong.\n“I think Hong Kong is at the very early stage, a little bit like how Singapore was maybe three, four years ago,” he said. “They\'re at the grandfathering stage.”\nVARA, as Zhou explains from his interactions with them in getting Bybit licensed, has sophisticated,detailed procedures exchanges need to go through in order to get licensed. These include explaining how the exchange scrutinizes transactions, addresses sanctions, Anti-Money Laundering practices, and preventing engagement with polluted addresses.\nBybit doesn’t operate in the U.S., but once welcomed customers from Canada. Itexited the country in May, citing a “challenging regulatory environment.”\n“The attitude towards crypto in Canada has changed dramatically after FTX," he said.\nBybit had ongoing conversations with Canadian regulators and was invited to apply for a license, but post-FTX, the company decided to leave the market due to rules prohibiting stablecoins.\nIt should be noted that Hong Kong alsobans stablecoins– for now. It just wantsspecific regulations in placefirst before retail traders will be allowed to have access to them (and forget about algorithmic stablecoins).\nDoes that mean Bybit will consider re-entry into the Canadian market?\nCertainly, Zhou said, if the rules change.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing/Bank Services PMI (July Preliminary)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Chicago Fed National Activity Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSOL, XRP Lead Decline in Crypto Majors; Gucci and Christie\'s Team Up on NFT Collection\nProfit taking in bitcoin (BTC) contributed to a broader market drop as tokens of some of the largest blockchains, such as Solana\'s SOL, fell as much as 8% in the past 24 hours. WisdomTree head of digital assets Will Peck shared his crypto markets analysis. ETF Think Tank research director Cinthia Murphy discussed the spot bitcoin ETF race. Plus, artist Mario Klingemann and Sebastian Sanchez from Christie\'s reflected on the future of Web3 in the art world.\nCraig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal:The self-proclaimed author of the Bitcoin white paper claims the operation of Bitcoin and Bitcoin Cash violate his intellectual property rights.\nArkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet:Some bounties that have received a submission include identifying an address owned by MicroStrategy with over 10,000 BTC volume.\n\'Razzlekhan,\' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions:The pair were ordered to forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange.\nBitcoin, Ether Headed Toward Losing Months in Usually Upbeat July:BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.', 'Good morning. Here’s what’s happening: Prices: Bitcoin holds near $30,000, as investors remain cautious, an analyst says. Insights: Ben Zhou, the CEO of crypto exchange Bybit, sees different regional hubs competing for business in the future. Prices CoinDesk Market Index (CMI) 1,258 +10.7 ▲ 0.9% Bitcoin (BTC) $29,951 +90.7 ▲ 0.3% Ethereum (ETH) $1,882 +13.1 ▲ 0.7% S&P 500 4,536.34 +1.5 ▲ 0.0% Gold $1,964 −0.8 ▼ 0.0% Nikkei 225 32,304.25 −186.3 ▼ 0.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,258 +10.7 ▲ 0.9% Bitcoin (BTC) $29,951 +90.7 ▲ 0.3% Ethereum (ETH) $1,882 +13.1 ▲ 0.7% S&P 500 4,536.34 +1.5 ▲ 0.0% Gold $1,964 −0.8 ▼ 0.0% Nikkei 225 32,304.25 −186.3 ▼ 0.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Traders Are Cautious as BTC Maintains $30K As Asia begins its trading week, the CoinDesk Market Index is at 1,302, up 1.27%. Bitcoin is at $29,951, up 0.3%, while ether is up 0.7% at $1,882. “The trading range remains relatively narrow due to investors\' cautious stance, primarily influenced by ongoing developments surrounding the legal case of XRP,” Johnny Teng, Senior Researcher at LBank Labs, wrote in a note to CoinDesk. “The disappointment expressed by SEC chair Gary Gensler over the court\'s ruling on the securitization of XRP token has added to uncertainty, with the possibility of an appeal by the SEC further complicating the situation.” Anticipated selling pressure from the U.S. government\'s sale of confiscated BTC and profit realization by short-term holders, combined with strong support from institutional players and the existence of significant liquidity around $24,300, is contributing to a state of heightened uncertainty in the bitcoin market, necessitating prudent decision-making by investors, added Teng. BitBull Capital’s Joe DiPasquale said that the market appears to be continuing a consolidation, and the sentiment is still positive, but both bulls and bears need to be cautious. Story continues “For now, bulls may want to be cautious since drops are not out of the question,” DiPasquale wrote in a note to CoinDesk. “Bears will need to be extra cautious, since their downside risk, at this point, is far greater than any potential gain projections.” This week is scheduled to be a busy one, with the FOMC decision on interest-rate policy due Wednesday, alongside plenty of earnings. But its already been telegraphed that this rate hike will be the last , meaning traders might have already priced it in. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +5.3% Currency Solana SOL +3.0% Smart Contract Platform Ethereum ETH +1.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −17.8% Smart Contract Platform Chainlink LINK −12.8% Computing Terra LUNA −9.5% Smart Contract Platform Insights/News Bybit CEO Ben Zhou: Regulators See "Opportunity, Rather Than Crisis" The tone regulators are taking with regard to crypto is remarkably different in Asia and the Middle East to North America, said the CEO of Bybit, Ben Zhou, in an interview with CoinDesk. Crypto licensing is no longer a process governed by anxiety and fear, Zhou observed, and while different jurisdictions are taking unique approaches, there is a shared commonality in that regulators are looking to work with crypto companies and not against them. “You start to see many regulators realizing this is actually an opportunity, rather than a crisis,” Zhou told CoinDesk. “Hong Kong, for example, is becoming extremely aggressive, trying to attract crypto companies, trying to attract talent." While all regulators, broadly, want the same goal they aren’t at the same place in the race. Dubai’s Virtual Assets Regulatory Authority (VARA), in Zhou’s opinion, is right now “more advanced” than Hong Kong. “I think Hong Kong is at the very early stage, a little bit like how Singapore was maybe three, four years ago,” he said. “They\'re at the grandfathering stage.” VARA, as Zhou explains from his interactions with them in getting Bybit licensed, has sophisticated,detailed procedures exchanges need to go through in order to get licensed. These include explaining how the exchange scrutinizes transactions, addresses sanctions, Anti-Money Laundering practices, and preventing engagement with polluted addresses. Bybit doesn’t operate in the U.S., but once welcomed customers from Canada. It exited the country in May , citing a “challenging regulatory environment.” “The attitude towards crypto in Canada has changed dramatically after FTX," he said. Bybit had ongoing conversations with Canadian regulators and was invited to apply for a license, but post-FTX, the company decided to leave the market due to rules prohibiting stablecoins. It should be noted that Hong Kong also bans stablecoins – for now. It just wants specific regulations in place first before retail traders will be allowed to have access to them (and forget about algorithmic stablecoins). Does that mean Bybit will consider re-entry into the Canadian market? Certainly, Zhou said, if the rules change. Important events. 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Manufacturing/Bank Services PMI (July Preliminary) 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Chicago Fed National Activity Index (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SOL, XRP Lead Decline in Crypto Majors; Gucci and Christie\'s Team Up on NFT Collection Profit taking in bitcoin (BTC) contributed to a broader market drop as tokens of some of the largest blockchains, such as Solana\'s SOL, fell as much as 8% in the past 24 hours. WisdomTree head of digital assets Will Peck shared his crypto markets analysis. ETF Think Tank research director Cinthia Murphy discussed the spot bitcoin ETF race. Plus, artist Mario Klingemann and Sebastian Sanchez from Christie\'s reflected on the future of Web3 in the art world. Other Headlines Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal: The self-proclaimed author of the Bitcoin white paper claims the operation of Bitcoin and Bitcoin Cash violate his intellectual property rights. Arkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet: Some bounties that have received a submission include identifying an address owned by MicroStrategy with over 10,000 BTC volume. \'Razzlekhan,\' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions: The pair were ordered to forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange. Bitcoin, Ether Headed Toward Losing Months in Usually Upbeat July: BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.', "Hong Kong was once a crypto hot spot,home to initial coin offerings and exchanges galore, before regulators began knocking on doors and talking about banning retail investment, which scared most industry participants away to other jurisdictions.\nJohnny Ng is working to bring them back, with inadvertent help from U.S. regulators.\nA member of the city’s Legislative Council (LegCo),Ng sent a viral tweet last monthinviting crypto exchanges globally – andCoinbase specifically –to apply for a license in Hong Kong. Four days earlier, Coinbase had been sued by the U.S. Securities and Exchange Commission (SEC), so it was plausible to think the companywas looking for a new home.\nElected to LegCo last year, Ng has arguably become the de facto head of the legislature’s crypto caucus. He has lobbied Hong Kong chief executive John Lee to support digital assets in a high-profile way. This year, Lee gave a speech at the inauguration of theInstitute of Web 3.0 Hong Kong.It was a big deal given Hong Kong’s former status as a crypto hub.\nHis efforts come at a time when an increasingly inhospitable U.S. government isdriving digital asset firms offshorewhileotherjurisdictionsjockeyto become crypto hubs.\nOn the city’s Web3 push, Ng said, “I wouldn’t say it’s just me, but I am a part of it.”\nI recently met Ng for lunch in the Admiralty district of Hong Kong. We went to what he called his canteen, an upscale dim sum place with a view of the harbor. The shrimp dumplings came each in its own little basket, with gold brushed onto their skin. The staff knew his favorite table, slightly secluded from the rest, and addressed him as Legislator Ng.\nNg said he first heard about Bitcoin around 2011 when he was working on facial recognition technology. A friend asked if he wanted to start mining. Ng said he wasn’t convinced then.\nSix years later, when BTC was trading at a couple thousand dollars, he read the Bitcoin white paper and became interested. He started to look into why it was valued, attended local meetups and found true believers.\nNow he’s one too. Since becoming part of LegCo last year, he’s been promoting Web3.\nBeing a member of Hong Kong’s LegCo isn’t a full-time job so Ng also co-founded an accelerator for Web3 startups called G-Rocket. He claimed there’s no conflict of interest because he declared his stake on a public registry and has recused himself from voting on Web3-related bills.\nExchanges have to get licenses under Hong Kong’snew regulationsto provide virtual asset trading services, and they will be operating under defined and strict parameters. For prospects like Coinbase, this is potentially appealing because they now have a clear route to operate under regulation.\nWhile a great deal has been made about allowing retail investors access to virtual assets, the coins Hong Kong residents will be able to access will be limited to those with large market capitalization that meet other criteria, including having a 12-month track record and being included in two indices that meet the regulator's guidelines.\nThe most common question Ng has fielded from licensed players is whether they can list more types of coins, but he said there will need to be meaningful volume first and Hong Kong is taking it “step by step.”\nSo far, only OSL and HashKey Group have Type 1 and 7 licenses under the previous opt-in regime, which means their applications for a license under the new regime should be smooth. When I said to Ng that at least one of those twoisn’t profitable,Ng said you can’t judge the licensing regime from the first two platforms that come under it. “To be honest,” he said, “no one knows what they’re doing. They’re not very into this, they just got the license first.”\nOnly larger players may be able to get licenses, he said, given the requirements for capital, hiring of responsible officers and experience.\n“Bigger exchanges are more stable,” Ng said, though he hedged by saying there’s no certainty. “Even the biggest can fall.”\nNg is quick to say that “Hong Kong isn’t a country, it’s just an administrative region” of mainland China. But he said the “One Country Two Systems” model allows Hong Kong to do things which suit it.\n“In the previous government [under former chief executive Carrie Lam], the opposition made passing laws a mess because they kept filibustering,” Ng said. (The opposition Democratic Party members resigned en masse after members were disqualified for supporting Hong Kong independence and refusing to recognize Beijing’s sovereignty over the city). “If you slow down government,” he said, “it doesn’t work.”\nThere is still the question of whether Hong Kong will fall in line with Beijing’s stance on crypto. Ng said Beijing was never against the tech, just the hype, which lured retail investors into bad investments. “China has 1.4 billion people with different levels of education,” he said.\nNg is part of a consultative body, the Chinese People’s Political Consultative Conference, which plays an advisory role to the mainland Chinese government. Wearing that hat, Ng submitted proposals to the Chinese government on blockchain in 2018 and Web3 earlier this year. He said he hasn’t received a response to either.\nOne reason Ng gave for advocating on behalf of Web3 is the technology’s potential to increase social mobility for young people. “Being born in the ’80s makes you a crypto elder,” he said.\nThe grandson of a migrant from Zhongshan in China, Ng said he grew up poor, born on the Kowloon peninsula. It's a long held joke in this city that the richest don’t leave Hong Kong Island, across the harbor from Kowloon.\nLooking back on his youth, he said the same families who were rich then in Hong Kong remain the richest now.\n“Traditionally successful entrepreneurs may not be interested in this industry,” he said. “Even if they are, they might not know how to play it.”\nI asked Ng whether he’s going to tweet an invite to Binance, the largest crypto exchange globally, which like Coinbase has been targeted by the U.S. SEC. Unlike Coinbase, which is unequivocally a U.S. company, Binancehas at times been cageyaboutwhere it’s headquartered,and SEC charges against the exchange go beyond allegedly listing unregistered securities: Binance is also accused of allowing commingling of funds, inflation of trading volume, and actively skirting regulation.\n“Binance?” Ng said with a laugh. “Yes, I didn’t mention that name.” He explained that he invited Coinbase because it’s publicly listed (unlike closely held Binance). If Coinbase were to come, it’d show Hong Kong policy is competitive.\nNo more named invitations are forthcoming, Ng said. “Everyone is welcome.”", "Hong Kong was once a crypto hot spot, home to initial coin offerings and exchanges galore, before regulators began knocking on doors and talking about banning retail investment, which scared most industry participants away to other jurisdictions. Johnny Ng is working to bring them back, with inadvertent help from U.S. regulators. A member of the city’s Legislative Council (LegCo), Ng sent a viral tweet last month inviting crypto exchanges globally – and Coinbase specifically – to apply for a license in Hong Kong. Four days earlier, Coinbase had been sued by the U.S. Securities and Exchange Commission (SEC), so it was plausible to think the company was looking for a new home. I hereby offer an invitation to welcome all global virtual asset trading operators including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance. pic.twitter.com/bcIi1IjMlc — Johnny Ng 吴杰庄 (@Johnny_nkc) June 10, 2023 Elected to LegCo last year, Ng has arguably become the de facto head of the legislature’s crypto caucus. He has lobbied Hong Kong chief executive John Lee to support digital assets in a high-profile way. This year, Lee gave a speech at the inauguration of the Institute of Web 3.0 Hong Kong. It was a big deal given Hong Kong’s former status as a crypto hub. His efforts come at a time when an increasingly inhospitable U.S. government is driving digital asset firms offshore while other jurisdictions jockey to become crypto hubs. On the city’s Web3 push, Ng said, “I wouldn’t say it’s just me, but I am a part of it.” REALIST: From skeptic to believer I recently met Ng for lunch in the Admiralty district of Hong Kong. We went to what he called his canteen, an upscale dim sum place with a view of the harbor. The shrimp dumplings came each in its own little basket, with gold brushed onto their skin. The staff knew his favorite table, slightly secluded from the rest, and addressed him as Legislator Ng. Ng said he first heard about Bitcoin around 2011 when he was working on facial recognition technology. A friend asked if he wanted to start mining. Ng said he wasn’t convinced then. Six years later, when BTC was trading at a couple thousand dollars, he read the Bitcoin white paper and became interested. He started to look into why it was valued, attended local meetups and found true believers. Story continues Now he’s one too. Since becoming part of LegCo last year, he’s been promoting Web3. Being a member of Hong Kong’s LegCo isn’t a full-time job so Ng also co-founded an accelerator for Web3 startups called G-Rocket. He claimed there’s no conflict of interest because he declared his stake on a public registry and has recused himself from voting on Web3-related bills. New licensing regulations Exchanges have to get licenses under Hong Kong’s new regulations to provide virtual asset trading services, and they will be operating under defined and strict parameters. For prospects like Coinbase, this is potentially appealing because they now have a clear route to operate under regulation. While a great deal has been made about allowing retail investors access to virtual assets, the coins Hong Kong residents will be able to access will be limited to those with large market capitalization that meet other criteria, including having a 12-month track record and being included in two indices that meet the regulator's guidelines. The most common question Ng has fielded from licensed players is whether they can list more types of coins, but he said there will need to be meaningful volume first and Hong Kong is taking it “step by step.” So far, only OSL and HashKey Group have Type 1 and 7 licenses under the previous opt-in regime, which means their applications for a license under the new regime should be smooth. When I said to Ng that at least one of those two isn’t profitable, Ng said you can’t judge the licensing regime from the first two platforms that come under it. “To be honest,” he said, “no one knows what they’re doing. They’re not very into this, they just got the license first.” Only larger players may be able to get licenses, he said, given the requirements for capital, hiring of responsible officers and experience. “Bigger exchanges are more stable,” Ng said, though he hedged by saying there’s no certainty. “Even the biggest can fall.” Beijing’s long shadow Ng is quick to say that “Hong Kong isn’t a country, it’s just an administrative region” of mainland China. But he said the “One Country Two Systems” model allows Hong Kong to do things which suit it. “In the previous government [under former chief executive Carrie Lam], the opposition made passing laws a mess because they kept filibustering,” Ng said. (The opposition Democratic Party members resigned en masse after members were disqualified for supporting Hong Kong independence and refusing to recognize Beijing’s sovereignty over the city). “If you slow down government,” he said, “it doesn’t work.” There is still the question of whether Hong Kong will fall in line with Beijing’s stance on crypto. Ng said Beijing was never against the tech, just the hype, which lured retail investors into bad investments. “China has 1.4 billion people with different levels of education,” he said. Ng is part of a consultative body, the Chinese People’s Political Consultative Conference, which plays an advisory role to the mainland Chinese government. Wearing that hat, Ng submitted proposals to the Chinese government on blockchain in 2018 and Web3 earlier this year. He said he hasn’t received a response to either. Underdog One reason Ng gave for advocating on behalf of Web3 is the technology’s potential to increase social mobility for young people. “Being born in the ’80s makes you a crypto elder,” he said. The grandson of a migrant from Zhongshan in China, Ng said he grew up poor, born on the Kowloon peninsula. It's a long held joke in this city that the richest don’t leave Hong Kong Island, across the harbor from Kowloon. Looking back on his youth, he said the same families who were rich then in Hong Kong remain the richest now. “Traditionally successful entrepreneurs may not be interested in this industry,” he said. “Even if they are, they might not know how to play it.” Exit question I asked Ng whether he’s going to tweet an invite to Binance, the largest crypto exchange globally, which like Coinbase has been targeted by the U.S. SEC. Unlike Coinbase, which is unequivocally a U.S. company, Binance has at times been cagey about where it’s headquartered, and SEC charges against the exchange go beyond allegedly listing unregistered securities: Binance is also accused of allowing commingling of funds, inflation of trading volume, and actively skirting regulation. “Binance?” Ng said with a laugh. “Yes, I didn’t mention that name.” He explained that he invited Coinbase because it’s publicly listed (unlike closely held Binance). If Coinbase were to come, it’d show Hong Kong policy is competitive. No more named invitations are forthcoming, Ng said. “Everyone is welcome.” View comments", 'BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher.\nStill, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage.\nData tracked by Glassnode and Blockware Solutions show the ratio of open interest in BTC perpetual futures to bitcoin\'s market cap has been locked in a narrow range of 1.5% to 1.7% in the past four weeks. The ratio remains well below the high of 2.6% seen in September last year.\n"It shows that there has not been a change in the risk appetite of futures traders, despite BTC holding the $30,000 mark for the past month," analysts at Blockware Solutions said in a newsletter on Friday.\n"Open interest/market cap ratio remains relatively low, which means that spot will likely keep driving the price higher in the short to medium term as supply continues to slowly contract into the hands of long-term holders," analysts added.\nPerhaps traders do not see a bitcoin spot ETF as a game changer or worry about lingering regulatory uncertainty taking a toll on market valuations in the short term.\nPerpetuals are futures contracts with no expiry. Open interest refers to the dollar value locked in the number of active contracts.\nLeverage allows traders to open positions worth more than the money or coins deposited as a margin at the exchange. The use of leverage can magnify both profits and losses and exposes traders to liquidations – forced unwinding of bullish long or bearish short positions due to margin shortage. The higher the degree of leverage, the greater the probability that liquidations inject volatility into the market.\nAnother way to track the use of leverage in the market is by dividing the open interest by the value of BTC held in wallets tied to derivative exchange wallets. The so-called estimated leverage, popularised by South Korea-based CryptoQuant, has remained largely stagnant since June 20, a sign that the average trader is playing safe.\nLow degree of leverage in the market means reduced price volatility. Bitcoin has been listless in the range of $29,500 to $32,000 in the past four weeks. At press time, the cryptocurrency changed hands at $29,790, representing a 1% loss for the day (UTC), CoinDesk data show.', 'BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher. Still, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage. Data tracked by Glassnode and Blockware Solutions show the ratio of open interest in BTC perpetual futures to bitcoin\'s market cap has been locked in a narrow range of 1.5% to 1.7% in the past four weeks. The ratio remains well below the high of 2.6% seen in September last year. "It shows that there has not been a change in the risk appetite of futures traders, despite BTC holding the $30,000 mark for the past month," analysts at Blockware Solutions said in a newsletter on Friday. "Open interest/market cap ratio remains relatively low, which means that spot will likely keep driving the price higher in the short to medium term as supply continues to slowly contract into the hands of long-term holders," analysts added. The ratio of open interest to market cap remains stagnant (Glassnode, Blockware Solutions) Perhaps traders do not see a bitcoin spot ETF as a game changer or worry about lingering regulatory uncertainty taking a toll on market valuations in the short term. Perpetuals are futures contracts with no expiry. Open interest refers to the dollar value locked in the number of active contracts. Leverage allows traders to open positions worth more than the money or coins deposited as a margin at the exchange. The use of leverage can magnify both profits and losses and exposes traders to liquidations – forced unwinding of bullish long or bearish short positions due to margin shortage. The higher the degree of leverage, the greater the probability that liquidations inject volatility into the market. Another way to track the use of leverage in the market is by dividing the open interest by the value of BTC held in wallets tied to derivative exchange wallets. The so-called estimated leverage, popularised by South Korea-based CryptoQuant, has remained largely stagnant since June 20, a sign that the average trader is playing safe. The estimated leverage ratio remains rangebound. (CryptoQuant) Low degree of leverage in the market means reduced price volatility. Bitcoin has been listless in the range of $29,500 to $32,000 in the past four weeks. At press time, the cryptocurrency changed hands at $29,790, representing a 1% loss for the day (UTC), CoinDesk data show.', 'BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher.\nStill, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage.\nData tracked by Glassnode and Blockware Solutions show the ratio of open interest in BTC perpetual futures to bitcoin\'s market cap has been locked in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $567,874,414,031 - Hash Rate: 401990841.889808 - Transaction Count: 529923.0 - Unique Addresses: 704020.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Federal Reserve building. REUTERS/Jonathan Ernst Major indexes rose on Tuesday ahead of new inflation data set to release midweek. Markets are also weighing comments from the Fed officials on Monday indicating rates need to go higher. Second-quarter earnings season will kick off on Friday with the big banks. US stocks climbed on Tuesday as traders weighed comments from Federal Reserve officials a day earlier and braced for an important inflation reading to drop on Wednesday. The Fed's Mary Daly and Loretta Mester both indicated on Monday that they see rates having to move higher in order to get inflation under control. The Fed paused rate hikes at its June meeting, though Mester said that if it were just up to her, she would have raised again. Meanwhile, Daly noted in remarks at the Brookings Institution that "a couple more" rate hikes are probably needed to get inflation to the Fed's 2% goal. The June consumer price index reading will publish on Wednesday, and traders are eagerly eyeing more signs that inflation continues to slow. Fundstrat's Tom Lee on Monday initiated a rare short-term buy call for the S&P 500 this week, predicting the benchmark index to rise to 4,500 by the end of the week on cooler CPI data. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Tuesday: S&P 500 : 4,415.55, up 0.14% Dow Jones Industrial Average : 34,074.60, 0.38% (130.20 points) Nasdaq Composite : 13,706.74, up 0.16% Here's what else is happening today: Here are the 10 biggest surprises that changed the game for investors in the first half of the year. Bond king and former PIMCO exec Bill Gross warned that consumers are about to run out of cash , making recession more likely. Tech gets all the attention in this year's stock market rally but some of the biggest stars have been outshined by some unlikely names. Used car prices are crashing. That could be a big help to getting inflation lower. In commodities, bonds, and crypto: Oil prices were up. West Texas Intermediate crude climbed 1% to $73.76 a barrel. Brent, the international benchmark, rose 1% to $78.44 a barrel. Gold edged up 0.4% to $1,938.50 an ounce. The 10-year Treasury yield dipped two basis points to 3.978%. Bitcoin inched up less than 1% to $30,417. Read the original article on Business Insider... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.

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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['SEC Chair Gary Gensler will be in the hot seat on Tuesday, the star witness before the full U.S. House Committee on Financial Services on the topic of "Oversight of the Securities and Exchange Commission." The next day, the Subcommittee on Digital Assets, Financial Technology and Inclusion will take up draft legislation relating to stablecoins. On the regulatory front, Gensler has found himself again under fire from within his own agency, with SEC Commissioner Hester Peirce on Friday filing a robust dissent against Gensler\'s latest policy move , which changes the statutory definition of a securities exchange to include cryptocurrency and digital asset exchanges. Gensler said amendments to the definition of \x93exchange\x94 under the federal Exchange Act Rule are necessary to address platforms that trade crypto asset securities, including "so-called \'DeFi\' systems," asserting that "many crypto trading platforms already come under the current definition of an exchange." Pierce titled her rebuttal, "Rendering Innovation Kaput." SEC\x92s Hester Peirce Says Gensler\x92s Plan to Target DeFi Undermines First Amendment "Rather than embracing the promise of new technology as we have done in the past, here we propose to embrace stagnation, force centralization, urge expatriation, and welcome extinction of new technology," Pierce wrote, going as far as to say the SEC\'s release "undermines fundamental First Amendment protections." The dispute over the definition of an exchange is only one of the items on the Financial Services Committee agenda, however. "This hearing will examine the regulatory developments, rulemakings, and activities that the SEC has undertaken in the period since the last hearing on October 5, 2021," explained the committee majority staff, including the definition change that "potentially [expands] the SEC\x92s authority over digital asset trading platforms." Story continues Also on the docket, a SEC declaration from last March calling on digital asset custodians to change the way they report liabilities and assets\x97which some lawmakers said increased potential losses . The committee will also revisit a SEC proposal made in February that called for registered investment advisors to include Bitcoin holdings among other assets held by "qualified custodians." \x93In what is becoming something of a habit, the Commission is once more proposing to dictate contract provisions involving entities the Commission does not regulate,\x94 Peirce said at the time. \x93The Commission does not have authority to regulate custodians directly, but we propose to regulate them indirectly." SEC\x92s Hester Peirce Says Gensler\x92s Plan to Target DeFi Undermines First Amendment The next day, Congress will take up the topic, "Understanding Stablecoins\x92 Role in Payments and the Need for Legislation." The Wednesday hearing agenda includes reviewing 72 pages of draft legislation "to provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes." The draft bill includes extensive definitions, establishes requirements at the federal and state level to issue stablecoins, and sets up standards for interoperability, reporting, and enforcement. The legislation also calls for a two year moratorium on new stablecoins until a study can be completed by the U.S. Treasury. Jeremy Allaire, Co-founder & CEO of Circle, called the bill "a product of bi-partisan efforts" and "the first comprehensive proposed law for Payment stablecoins." Draft US Digital Dollar / Payment Stablecoin Bill Enters Congress 1/ A product of bi-partisan efforts, the first comprehensive proposed law for Payment Stablecoins has arrived in Congress. Some thoughts below: https://t.co/SD0x2oQMmk \x97 Jeremy Allaire (@jerallaire) April 15, 2023 "It\'s an extraordinary moment for the future of the dollar in the world, and the future of currency on the internet," Allaire declared on Twitter. "It\'s time for US leadership, and that means clear regulation and empowering entrepreneurship and innovation within the framework of US prudential law." Among those expected to testify are Dante Disparte, Chief Strategy Officer and global policy head at Circle, Jake Chervinsky, Chief Policy Officer at the Blockchain Association, Columbia Business School adjunct assistant professor Austin Campbell, and Adrienne A. Harris, sSuperintendent of the New York State Department of Financial Services. Advising followers to tune into the Wednesday hearing, Allaire acknowledged that the proposed bill still needs more work. "While comprehensive, there are clearly open and challenging issues with the bill as proposed, and now is the time for our country and political leaders to really dig in and get this right," he said. "The role of the dollar in the world is at stake."', 'SEC Chair Gary Gensler will be in the hot seat on Tuesday, the star witness before the full U.S. House Committee on Financial Services on the topic of "Oversight of the Securities and Exchange Commission." The next day, the Subcommittee on Digital Assets, Financial Technology and Inclusion will take up draft legislation relating to stablecoins.\nOn the regulatory front, Gensler has found himself again under fire from within his own agency, with SEC Commissioner Hester Peirce on Friday filing arobust dissentagainst Gensler\'slatest policy move, which changes the statutory definition of a securities exchange to include cryptocurrency and digital asset exchanges.\nGensler said amendments to the definition of “exchange” under the federal Exchange Act Rule are necessary to address platforms that trade crypto asset securities, including "so-called \'DeFi\' systems," asserting that "many crypto trading platforms already come under the current definition of an exchange."\nPierce titled her rebuttal, "Rendering Innovation Kaput."\nSEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment\n"Rather than embracing the promise of new technology as we have done in the past, here we propose to embrace stagnation, force centralization, urge expatriation, and welcome extinction of new technology," Pierce wrote, going as far as to say the SEC\'s release "undermines fundamental First Amendment protections."\nThe dispute over the definition of an exchange is only one of the items on the Financial Services Committee agenda, however.\n"This hearing will examine the regulatory developments, rulemakings, and activities that the SEC has undertaken in the period since the last hearing on October 5, 2021,"explainedthe committee majority staff, including the definition change that "potentially [expands] the SEC’s authority over digital asset trading platforms."\nAlso on the docket, a SEC declaration from last March calling on digital asset custodians to change the way they report liabilities and assets—which some lawmakers saidincreased potential losses. The committee will also revisit a SEC proposal made in February that called for registered investment advisors to include Bitcoin holdings among other assets held by "qualified custodians."\n“In what is becoming something of a habit, the Commission is once more proposing to dictate contract provisions involving entities the Commission does not regulate,” Peirce said at the time. “The Commission does not have authority to regulate custodians directly, but we propose to regulate them indirectly."\nSEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment\nThe next day, Congress will take up the topic, "Understanding Stablecoins’ Role in Payments and the Need for Legislation." The Wednesday hearing agenda includes reviewing 72 pages ofdraft legislation"to provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes."\nThe draft bill includes extensive definitions, establishes requirements at the federal and state level to issue stablecoins, and sets up standards for interoperability, reporting, and enforcement. The legislation also calls for a two year moratorium on new stablecoins until a study can be completed by the U.S. Treasury.\nJeremy Allaire, Co-founder & CEO of Circle, called the bill "a product of bi-partisan efforts" and "the first comprehensive proposed law for Payment stablecoins."\n"It\'s an extraordinary moment for the future of the dollar in the world, and the future of currency on the internet," Allaire declared on Twitter. "It\'s time for US leadership, and that means clear regulation and empowering entrepreneurship and innovation within the framework of US prudential law."\nAmong those expected to testify are Dante Disparte, Chief Strategy Officer and global policy head at Circle, Jake Chervinsky, Chief Policy Officer at the Blockchain Association, Columbia Business School adjunct assistant professor Austin Campbell, and Adrienne A. Harris, sSuperintendent of the New York State Department of Financial Services.\nAdvising followers to tune into the Wednesday hearing, Allaire acknowledged that the proposed bill still needs more work.\n"While comprehensive, there are clearly open and challenging issues with the bill as proposed, and now is the time for our country and political leaders to really dig in and get this right," he said. "The role of the dollar in the world is at stake."', 'High-profile tech entrepreneur Bob Lee was stabbed to death outside a luxury apartment building in San Francisco in the early hours of 4 April. The 43-year-old was found at 2.35am outside a luxury high rise apartment on the 300 block of Main St, near Rincon Hill and the Bay Bridge, with life-threatening stab wounds, the San Francisco Police Department said in a statement. The tech executive was treated at the scene by first responders before being rushed to hospital where he died from his injuries, police said. Police arrested fellow tech executive Nima Momeni on 13 April in connection with the killing and he was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Here’s what we know so far about the murder. Attacked a block from Google HQ The San Francisco Police Department said in a statement that Lee was found with two stab wounds to the chest in Downtown San Francisco between Soma and the Financial District, a block from Google’s San Francisco headquarters. Cash App creator Bob Lee has reportedly been stabbed to death in San Francisco (MobileCoin) Friend and MMA fighter Jake Shields tweeted that Lee appeared to have been the victim of a random mugging in the “good part of the city”. The tweet caught the attention of Twitter CEO Elon Musk, who offered his condolences and called on San Francisco district attorney Brooke Jenkins to take tougher action against violent criminals. “Many people I know have been severely assaulted,” Mr Musk tweeted . “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat violent offenders Brooke Jenkins?” Elon Musk has been a frequent critic of efforts to reform criminal justice in San Francisco (Associated Press) Ms Jenkins later tweeted her “sincerest condolences” to Lee’s grief-stricken family and friends. “We do not tolerate these horrific acts of violence in San Francisco,” she added. Responding to Mr Musk, she said: “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.” Story continues A suspect arrested more than a week after attack On 13 April it was reported that San Francisco police had arrested fellow tech executive Nima Momeni in connection with the fatal stabbing. Mr Momeni has been booked into the San Francisco Sheriff’s Jail. “This is the first step toward justice,” Ms Lee said from her home in Miami, where Bob Lee had moved from Mill Valley, California, last year. Police in San Francisco arrested Mr Momeni on Thursday. Mr Momeni, 38, allegedly stabbed the 43-year-old after being involved in an altercation while driving in San Francisco ’s Rincon Hill area early on 4 April. San Francisco Police Chief William Scott confirmed Mr Momeni had been charged with one count of murder at a press conference on Thursday. The suspect was arrested without incident at an address in Emeryville, a city in the Bay Area, early on Thursday. The Mission Local news site was the first to report the arrest and said that the pair were known to each other. Mr Momeni appeared in court for the first time on Friday after the case sparked a furious debate about public safety in the city. A crowd of reporters packed into the courtroom as the suspect’s sister Khazar Momeni, also called Khazar Elyassnia, attended the hearing with her husband, Dr Dino Elyassnia, and three other members of the family, according to Mr Momeni’s temporary lawyer Robert Canny, The San Francisco Standard reported. The suspect was wearing an orange sweatshirt and sweatpants as his sister and another woman held up her hands in the shape of a heart as the suspect smiled at them. Mr Momeni’s arraignment was initially set to take place on Friday, but it has now been rescheduled for 25 April. He will be represented for the rest of the proceedings by Mr Canny’s sister, Paula Canny, a private lawyer from Burlingame, California who wasn’t present on Friday, the paper noted. “The facts of what occurred, or didn’t occur, will come out over time,” Mr Canny said, stepping in for his vacationing sister. Mr Momeni didn’t speak in court except to say “yes, your honour” when he was asked if he agreed to decline his right to a quick trial. The suspect is set to remain in custody without bail. He didn’t enter a plea on Friday and he didn’t make any comments. His next appearance is set to take place at 9am PT on 25 April. Booking records from the San Francisco County jail show that Mr Momeni was booked in on a murder charge at 9.19am on Thursday. The arrest was earlier confirmed by Lee’s ex-wife Krista, his brother Tim Oliver Lee, and city officials on Thursday. Onlookers ignored Lee’s plea for help Surveillance footage appears to capture Lee approaching a parked car clutching one side of his body and bleeding heavily from stab wounds. The 43-year-old father of two lifts his shirt to show the driver the extent of his injuries , but rather than help, the motorist speeds off. Those last tragic moments as he stumbled down Main St in San Francisco’s downtown district at 2.30am on Tuesday in search of help were caught on CCTV and viewed by journalists from The San Francisco Standard . The footage did not capture the stabbing, but shows Lee walking along a deserted sidewalk on Main St with his mobile phone in one hand and holding his side with the other, The Standard reported. Bob Lee, who founded the Cash App, was stabbed to death in the early hours of Tuesday morning in San Francisco (Twitter / Bob Lee) The Cash App founder then crosses at the intersection with Harrison St toward where a white Toyota Camry with flashing lights is parked. The footage reportedly shows Lee lift up his shirt in a plea for help, and then fall to the ground as the driver pulls away. Lee then gets back to his feet and starts to retrace his steps along Main St in the direction of the Bay Bridge before collapsing again outside the Portside apartment building at 403 Main St. He could be heard pleading for help on a 911 call made at 2.34am, according to The Standard. The news site reported that it witnessed staff members cleaning what appeared to be blood from the side of the building on Wednesday. Father says he lost his ‘best friend’ In a Facebook post on Wednesday, Lee’s grieving father Rick Lee described the slain tech mogul as his “best friend”. Mr Lee Sr wrote that the pair had lived together in Mill Valley, California, since the death of his wife in 2019, before relocating to Miami in October last year. “Bob would give you the shirt off his back. He would never look down on anyone and adhered to a strict no-judgment philosophy,” his father wrote. Rick Lee wrote that “life has been an adventure with two bachelors living together”, and the pair had grown close in recent years: “Bobby worked harder than anyone and was the smartest person I have ever known. He will be missed by all those that knew him.” Bob Lee pictured at the New York Stock Exchange in 2015 on the day that Square, now known as Block, listed as a public company (Facebook / Bob Lee) Bob Lee’s brother Tim wrote in a separate post that he was “saddened and disheartened” over the senseless slaying. Lee reportedly separate from his wife Krista in 2019. They have two daughters, Dagny and Scout. ‘Crazy Bob’ Bob Lee was a much-loved member of the San Francisco tech community, where he was affectionately known as Crazy Bob. After working as an open source code developer in Missouri, where he attended St Louis University, Lee moved to San Francisco in his early 20s in 2004 to work as an engineer at Google, according to the San Francisco Standard. There he led a team that developed the first Android app. Lee was headhunted by Square, becoming its 13th employee, where he helped launch the Cash App and became the payment firm’s first chief technology officer in 2011, a Linkedin profile shows. Bob Lee, known to his friends as ‘Crazy Bob’, was knifed to death in central San Francisco early on Tuesday morning (Twitter / Bob Lee) After leaving Square in 2014, he invested in several tech startups including Clubhouse, Beeper and Faire, and the female-focused social media and networking company Present. He identified as a “stay at home dad” in an online blog post during this period. In 2021, Lee joined MobileCoin, a crypto payment firm, as its chief product officer. Stabbing shakes San Francisco tech community Lee’s former boss Jack Dorsey was one of many well-known San Francisco tech entrepreneurs to express their shock and grief at his death. “It’s real,” Mr Dorsey wrote on his social network Nostr . “Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy,” he wrote, in an apparent reference to Lee’s hometown of St Louis. MobileCoin CEO Joshua Goldbard wrote that Lee was an “incredible human being”. “Bob was so much more than a technologist. Bob was an artist. Everywhere he went Bob breathed love into this world. He had so much deep heartfelt love. Traveling with Bob was like seeing the world for the first time,” Mr Goldbard wrote. “As a lifelong Bay Area resident I have more questions than answers tonight. I don’t know how to fix what’s wrong, but I know something isn’t working in our grey city,” he added. Tributes poured in for the slain tech founder from his many friends in Silicon Valley and beyond. Jack Dorsey at the Bitcoin 2021 conference in Miami, Florida (Marco Bello/AFP via Getty Images) “He was a generous decent human being who didn’t deserve to be killed,” Bill Barhydt, CEO of Abra, posted on Twitter. “So sad to hear of @crazybob’s untimely passing,” Figma CEO Dylan Field wrote on Twitter. “I first met him in summer 2006 — he didn’t care that I was only 14 and we talked tech / geeked out about programming. We remained connected over the years and he was an early supporter of Figma. It’s so hard to believe he is gone.” Other Silicon Valley executives laid the blame for Lee’s death on Mayor London Breed and the city’s Board of Supervisors. “Congratulations, your policies have claimed another life,” wrote Alan Alden, a Palo Alto financier who was friends with Lee. Venture capitalist Matt Ocko, another friend, wrote on Twitter that “Chesa Boudin, & the criminal-loving city council that enabled him & a lawless SF for years, have Bob’s literal blood on their hands”. Mr Boudin was Ms Jenkins’ predecessor as San Francisco district attorney and had become publicly associated with liberal policies on criminal justice. On the San Francisco Reddit forum , friends and acquaintances of Lee expressed frustration at “all the needless violence”. “Something seriously needs to change in this city,” one wrote. Crime in San Francisco San Francisco is often portrayed as a lawless city where drug use and homelessness have fueled a surge in violent crime and robberies. That narrative led in part to former District Attorney Chesa Boudin being ousted in a recall election in June last year, after he sought to eliminate cash bail and reduce the prison population. Ms Jenkins took over as District Attorney on a platform of balancing criminal justice reform while making stiffer penalties for violent offenders, and won re-election last November, Members of the San Francisco Homeless Outreach Team’s Encampment Resolution Team speak to with homeless people in San Francisco in 2022 (file) (Associated Press.) Figures from the San Francisco Police Department’s crime reports show the situation is more complicated than often portrayed. While some violent crime began increasing during the pandemic, rates were still much lower than in previous years. In 2022, homicide rates remained flat at 55, exactly the same number as the previous year. Homicides hit a 56-year low in the city in 2019, when 41 people were killed in the city. There have been 12 homicides in the city so far in 2023, preliminary data shows. Aggravated assault, robbery and rape increased in 2022, but was still much lower than in 2016, 2017 and 2018, according to San Francisco crime statistics.', 'High-profile tech entrepreneur Bob Lee was stabbed to death outside a luxury apartment building in San Francisco in the early hours of 4 April. The 43-year-old was found at 2.35am outside a luxury high rise apartment on the 300 block of Main St, near Rincon Hill and the Bay Bridge, with life-threatening stab wounds, the San Francisco Police Department said in a statement. The tech executive was treated at the scene by first responders before being rushed to hospital where he died from his injuries, police said. Police arrested fellow tech executive Nima Momeni on 13 April in connection with the killing and he was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Here’s what we know so far about the murder. Attacked a block from Google HQ The San Francisco Police Department said in a statement that Lee was found with two stab wounds to the chest in Downtown San Francisco between Soma and the Financial District, a block from Google’s San Francisco headquarters. Cash App creator Bob Lee has reportedly been stabbed to death in San Francisco (MobileCoin) Friend and MMA fighter Jake Shields tweeted that Lee appeared to have been the victim of a random mugging in the “good part of the city”. The tweet caught the attention of Twitter CEO Elon Musk, who offered his condolences and called on San Francisco district attorney Brooke Jenkins to take tougher action against violent criminals. “Many people I know have been severely assaulted,” Mr Musk tweeted . “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat violent offenders Brooke Jenkins?” Elon Musk has been a frequent critic of efforts to reform criminal justice in San Francisco (Associated Press) Ms Jenkins later tweeted her “sincerest condolences” to Lee’s grief-stricken family and friends. “We do not tolerate these horrific acts of violence in San Francisco,” she added. Responding to Mr Musk, she said: “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.” Story continues A suspect arrested more than a week after attack On 13 April it was reported that San Francisco police had arrested fellow tech executive Nima Momeni in connection with the fatal stabbing. Mr Momeni has been booked into the San Francisco Sheriff’s Jail. “This is the first step toward justice,” Ms Lee said from her home in Miami, where Bob Lee had moved from Mill Valley, California, last year. Police in San Francisco arrested Mr Momeni on Thursday. Mr Momeni, 38, allegedly stabbed the 43-year-old after being involved in an altercation while driving in San Francisco ’s Rincon Hill area early on 4 April. San Francisco Police Chief William Scott confirmed Mr Momeni had been charged with one count of murder at a press conference on Thursday. The suspect was arrested without incident at an address in Emeryville, a city in the Bay Area, early on Thursday. The Mission Local news site was the first to report the arrest and said that the pair were known to each other. Mr Momeni appeared in court for the first time on Friday after the case sparked a furious debate about public safety in the city. A crowd of reporters packed into the courtroom as the suspect’s sister Khazar Momeni, also called Khazar Elyassnia, attended the hearing with her husband, Dr Dino Elyassnia, and three other members of the family, according to Mr Momeni’s temporary lawyer Robert Canny, The San Francisco Standard reported. The suspect was wearing an orange sweatshirt and sweatpants as his sister and another woman held up her hands in the shape of a heart as the suspect smiled at them. Mr Momeni’s arraignment was initially set to take place on Friday, but it has now been rescheduled for 25 April. He will be represented for the rest of the proceedings by Mr Canny’s sister, Paula Canny, a private lawyer from Burlingame, California who wasn’t present on Friday, the paper noted. “The facts of what occurred, or didn’t occur, will come out over time,” Mr Canny said, stepping in for his vacationing sister. Mr Momeni didn’t speak in court except to say “yes, your honour” when he was asked if he agreed to decline his right to a quick trial. The suspect is set to remain in custody without bail. He didn’t enter a plea on Friday and he didn’t make any comments. His next appearance is set to take place at 9am PT on 25 April. Booking records from the San Francisco County jail show that Mr Momeni was booked in on a murder charge at 9.19am on Thursday. The arrest was earlier confirmed by Lee’s ex-wife Krista, his brother Tim Oliver Lee, and city officials on Thursday. Onlookers ignored Lee’s plea for help Surveillance footage appears to capture Lee approaching a parked car clutching one side of his body and bleeding heavily from stab wounds. The 43-year-old father of two lifts his shirt to show the driver the extent of his injuries , but rather than help, the motorist speeds off. Those last tragic moments as he stumbled down Main St in San Francisco’s downtown district at 2.30am on Tuesday in search of help were caught on CCTV and viewed by journalists from The San Francisco Standard . The footage did not capture the stabbing, but shows Lee walking along a deserted sidewalk on Main St with his mobile phone in one hand and holding his side with the other, The Standard reported. Bob Lee, who founded the Cash App, was stabbed to death in the early hours of Tuesday morning in San Francisco (Twitter / Bob Lee) The Cash App founder then crosses at the intersection with Harrison St toward where a white Toyota Camry with flashing lights is parked. The footage reportedly shows Lee lift up his shirt in a plea for help, and then fall to the ground as the driver pulls away. Lee then gets back to his feet and starts to retrace his steps along Main St in the direction of the Bay Bridge before collapsing again outside the Portside apartment building at 403 Main St. He could be heard pleading for help on a 911 call made at 2.34am, according to The Standard. The news site reported that it witnessed staff members cleaning what appeared to be blood from the side of the building on Wednesday. Father says he lost his ‘best friend’ In a Facebook post on Wednesday, Lee’s grieving father Rick Lee described the slain tech mogul as his “best friend”. Mr Lee Sr wrote that the pair had lived together in Mill Valley, California, since the death of his wife in 2019, before relocating to Miami in October last year. “Bob would give you the shirt off his back. He would never look down on anyone and adhered to a strict no-judgment philosophy,” his father wrote. Rick Lee wrote that “life has been an adventure with two bachelors living together”, and the pair had grown close in recent years: “Bobby worked harder than anyone and was the smartest person I have ever known. He will be missed by all those that knew him.” Bob Lee pictured at the New York Stock Exchange in 2015 on the day that Square, now known as Block, listed as a public company (Facebook / Bob Lee) Bob Lee’s brother Tim wrote in a separate post that he was “saddened and disheartened” over the senseless slaying. Lee reportedly separate from his wife Krista in 2019. They have two daughters, Dagny and Scout. ‘Crazy Bob’ Bob Lee was a much-loved member of the San Francisco tech community, where he was affectionately known as Crazy Bob. After working as an open source code developer in Missouri, where he attended St Louis University, Lee moved to San Francisco in his early 20s in 2004 to work as an engineer at Google, according to the San Francisco Standard. There he led a team that developed the first Android app. Lee was headhunted by Square, becoming its 13th employee, where he helped launch the Cash App and became the payment firm’s first chief technology officer in 2011, a Linkedin profile shows. Bob Lee, known to his friends as ‘Crazy Bob’, was knifed to death in central San Francisco early on Tuesday morning (Twitter / Bob Lee) After leaving Square in 2014, he invested in several tech startups including Clubhouse, Beeper and Faire, and the female-focused social media and networking company Present. He identified as a “stay at home dad” in an online blog post during this period. In 2021, Lee joined MobileCoin, a crypto payment firm, as its chief product officer. Stabbing shakes San Francisco tech community Lee’s former boss Jack Dorsey was one of many well-known San Francisco tech entrepreneurs to express their shock and grief at his death. “It’s real,” Mr Dorsey wrote on his social network Nostr . “Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy,” he wrote, in an apparent reference to Lee’s hometown of St Louis. MobileCoin CEO Joshua Goldbard wrote that Lee was an “incredible human being”. “Bob was so much more than a technologist. Bob was an artist. Everywhere he went Bob breathed love into this world. He had so much deep heartfelt love. Traveling with Bob was like seeing the world for the first time,” Mr Goldbard wrote. “As a lifelong Bay Area resident I have more questions than answers tonight. I don’t know how to fix what’s wrong, but I know something isn’t working in our grey city,” he added. Tributes poured in for the slain tech founder from his many friends in Silicon Valley and beyond. Jack Dorsey at the Bitcoin 2021 conference in Miami, Florida (Marco Bello/AFP via Getty Images) “He was a generous decent human being who didn’t deserve to be killed,” Bill Barhydt, CEO of Abra, posted on Twitter. “So sad to hear of @crazybob’s untimely passing,” Figma CEO Dylan Field wrote on Twitter. “I first met him in summer 2006 — he didn’t care that I was only 14 and we talked tech / geeked out about programming. We remained connected over the years and he was an early supporter of Figma. It’s so hard to believe he is gone.” Other Silicon Valley executives laid the blame for Lee’s death on Mayor London Breed and the city’s Board of Supervisors. “Congratulations, your policies have claimed another life,” wrote Alan Alden, a Palo Alto financier who was friends with Lee. Venture capitalist Matt Ocko, another friend, wrote on Twitter that “Chesa Boudin, & the criminal-loving city council that enabled him & a lawless SF for years, have Bob’s literal blood on their hands”. Mr Boudin was Ms Jenkins’ predecessor as San Francisco district attorney and had become publicly associated with liberal policies on criminal justice. On the San Francisco Reddit forum , friends and acquaintances of Lee expressed frustration at “all the needless violence”. “Something seriously needs to change in this city,” one wrote. Crime in San Francisco San Francisco is often portrayed as a lawless city where drug use and homelessness have fueled a surge in violent crime and robberies. That narrative led in part to former District Attorney Chesa Boudin being ousted in a recall election in June last year, after he sought to eliminate cash bail and reduce the prison population. Ms Jenkins took over as District Attorney on a platform of balancing criminal justice reform while making stiffer penalties for violent offenders, and won re-election last November, Members of the San Francisco Homeless Outreach Team’s Encampment Resolution Team speak to with homeless people in San Francisco in 2022 (file) (Associated Press.) Figures from the San Francisco Police Department’s crime reports show the situation is more complicated than often portrayed. While some violent crime began increasing during the pandemic, rates were still much lower than in previous years. In 2022, homicide rates remained flat at 55, exactly the same number as the previous year. Homicides hit a 56-year low in the city in 2019, when 41 people were killed in the city. There have been 12 homicides in the city so far in 2023, preliminary data shows. Aggravated assault, robbery and rape increased in 2022, but was still much lower than in 2016, 2017 and 2018, according to San Francisco crime statistics.', 'Short-squeeze stocks have been one of the most intriguing phenomena on Wall Street in recent years. Driven by online communities of retail investors, these stocks can soar to incredible heights in a matter of days, squeezing out the short sellers who bet against them. It often takes just a small catalyst for many of these stocks soaked in red ink to make a sharp U-turn.\nNaturally, almost all these short-squeeze stocks have fundamental flaws that justify their bearish sentiment. But unexpected events, such as an acquisition or new funding, can (and do) happen. Going contrarian before these events can pay off heavily, but it is risky. However, if you play your cards right, the potential rewards here are very compelling.\nThus if your appetite can handle the risk, I believe the following three short-squeeze stocks could beat the bears:\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Jonathan Weiss / Shutterstock.com\nCarvana(NYSE:CVNA), an online used car retailer, is one of the most significantly shorted stocks in the market right now. The short interest here is66.8%, although CVNA has doubled since last year. That’s because the company faces the risk of bankruptcy due to high amounts of cash burn and debt on its balance sheet.\nFor example, its cash-to-debt ratiois at 0.5, worse than 92% of its peers. Its debt-to-equity and debt-to-earnings before interest, taxes, depreciation and amortization are also the worst in the vehicle parts sector. With that in mind, it’s easy to understand why the Street is so bearish on the stock.\nHowever, contrarians argue that it’s not all doom and gloom for the business just yet. The company can still sell off its assets and restructure its debt to stay afloat until the macroeconomic environment allows it to recover long-term. That is certainly possible if both the economy and the used auto market start to play in its favor, but the high amount of debt will keep the company strangled for years to come.\nRegardless, the short interest in this stock will likely trigger a rally when good news does come. I do not see the business going bankrupt soon as it has $3.9 billion in liquidity, enough to go through 2023.\nSource: JJava Designs / Shutterstock\nAMC Entertainment(NYSE:AMC) has been ameme stockin the spotlight for the last two years. It had an eye-watering 2,695%-plus rally that lasted until the first half of 2021, primarily driven by retail investors fromReddit. So far in 2023, it has gained 35.9% year-to-date, and excitement still hasn’t dried up.\nThe recent rally is due to the company holding off on its decision to do areverse stock splitand the conversion ofAMC Preferred Equity(NYSE:APE) units to common shares after alawsuit. While that does hurt the business’ underlying ability to raise cash this way, meme stock investors rarely invest because of a company’s financials. Thus, even if the AMC business has lots of headwinds, it has too much short interest to not be among the biggest short-squeeze stock candidates. 2023 is also a year where many more anticipated movie titles are going to be released.\nNonetheless, the risk here is extreme as big moves can be made either way. Borrowing costs are exceptionally high for the stock, while the lawsuit adds another level of uncertainty.\nSource: Yev_1234 / Shutterstock\nMarathon Digital(NASDAQ:MARA) has been building up momentum for a breakout as the crypto rally refuses to cool down. The company had substantial selling pressure that is now fading away against the backdrop of a 200%-plus YTD gain. The remaining bears are also likely to give up if trends continue.\nThe company continues to grow itsBitcoin(BTC-USD) mining operations with a record production of687 BTC, up 45% month-over-month, and on track todouble its hash ratein the next few months. I believe this can make MARA among the best-performing short-squeeze stocks if it succeeds in doubling its hash rate ahead of theBitcoin halving. It also holds over 8,090 BTC that can significantly appreciate in value after the halving event. The short interest here is26.82%.\nOnPenny Stocksand Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.com’s writers disclose this fact and warn readers of the risks.\nRead More: Penny Stocks —How to Profit Without Getting Scammed\nOn the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him onLinkedIn.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Stocks to Buy for a Massive Short-Squeeze Rally in Aprilappeared first onInvestorPlace.', 'Short-squeeze stocks grabbed headlines last year following the monumental meme stock frenzy in 2021.\nThe phenomenon emerged from the trenches of Reddit where traders banded together leaving short-sellers scrambling to cover their positions.\nIn the blink of an eye, these stocks witnessed massive price jumps, defying investing logic. Since then,meme stockshave become part of Wall Street’s convention, piquing the interest of investors looking for quick gains.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nHowever, it’s imperative to understand that not all short-squeeze stocks are created equal. For valid reasons, some stocks face heavy shorting, and investing in them comes with massive risks.\nIn this article, we’ll delve into three short-squeeze stocks that are defying the odds, delivering incredible returns, and capturing the attention of those daring enough to ride the rollercoaster.\nHere are three of the most shorted stocks to invest in now.\n[{"EVGO": "UPST", "EVgo": "Upstart", "$6.29": "$16.75"}, {"EVGO": "MARA", "EVgo": "Marathon Digital", "$6.29": "$10.04"}]\nSource: Sundry Photography / Shutterstock.com\n• Short Interest (%):34.5%\nElectric vehicle charging infrastructure providerEVgo(NASDAQ:EVGO) has been tracking well on Reddit, a platform instrumental in ushering in the meme stock phenomena in 2021.\nShort interest remains remarkably high in the stock, witnessing massive spikes in value in the past month. Moreover,with a beta value of over 1.8, it moves almost two times as fast as the market.\nEVgo operates a robust network of fast EV chargers across more than 800 locations spread across the U.S., boasting a customer base of over 300,000. Roughly two-thirds of the U.S. population has access to its fast chargers, with unmatched coverage of the U.S. within a 10-mile radius.\nUnlike many stocks that Redditors rally behind, EVgo operates a flourishing business, with revenues growing by double-digit margins over the past few quarters.\nIn its most recent quarter, it posted a massive 282% bump in sales to $27.3 million. As we advance, it is poised to continue flourishing and trade in the green as it has over the past few months.\nSource: rafapress / Shutterstock.com\n• Short Interest (%):42.09%\nUpstart(NASDAQ:UPST) operates a powerful AI-driven lending platform that soared in popularity during the risk-on sentiment in the U.S.\nHowever, with the Fed pivoting to a hawkish stance, its business suffered immensely following the rising inflationary pressures. Upstart’s effective AI models have proven more effective than the traditional FICO approach, will drive long-term success for the business.\nThe current banking crisis and a pessimistic economic outlook weigh the company’s prospects. It has enough in its cash till to endure the pain until its business picks up the pace again.\nShort interest in the stock has been rising over the past few months andcurrently stands at a lofty 42%. Moreover, its stock is up over 28% year-to-date and trades at just 1.65 trailing twelve-month sales, roughly 31.5% lower than its sector median.\nSource: Jonathan Weiss/shutterstock.com\n• Short Interest (%):28.5%\nMarathon Digital(NASDAQ:MARA) has been ticking upwards in the past month, registering over 20% growth. Its stock price has been surging following the rally inBitcoin(BTC-USD), which is up over 60% since the beginning of the year.\nThe firm has significantly expanded its mining capacity in recent months, announcing record production of 687 BTC, a massive 45% bump month-over-month. Ithad 8,260 BTC, worth more than $230.3 million.\nMARA stock trades at a hefty discount to its intrinsic value. According to Tipranks analysts, Marathon boasts a 35% upside from current levels. The short interest in its stock points to strong rallies ahead.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Short-Squeeze Stocks That Are Defying Gravityappeared first onInvestorPlace.', 'SINGAPORE, SINGAPORE / ACCESSWIRE / April 16, 2023 / WEEX, a Singapore-based crypto futures trading platform, has unveiled its global expansion plan after ranking among the top 20 crypto derivatives exchanges on CoinMarketCap. As one of the world\'s best futures exchanges in terms of trading depth, WEEX is focused on providing a secure and user-friendly trading experience for its users. WEEX is licensed by the US, Canadian MSB, and SVGFSA, offering a secure platform for traders worldwide. The platform\'s industry-leading order book depth reduces users\' transaction costs and liquidity risk, ensuring an ultra-smooth trading experience. With over one million registered users and a daily trading volume ranging between US$7-10 billion, WEEX\'s growth demonstrates its commitment to excellence. "We believe that satisfied users are the foundation of a successful crypto exchange," said the founder of WEEX. "They are the reason we strive for excellence every day." One of WEEX\'s standout features is its one-click copy trading function, which allows beginners with little experience to follow professional traders easily. The platform has also established a 1000 BTC Investor Protection Fund and publicly disclosed the hot wallet address of the fund pool to ensure users\' peace of mind. The hot wallet address can be found at https://www.weex.com/en/protectfund . In addition to its best-in-market depth, WEEX exchange offers a multi-tier affiliate program with one of the highest rebates in the industry. This program has attracted increased interest from KOLs, cementing WEEX\'s position as a top choice for traders and influencers alike. To learn more about WEEX\'s affiliate program, please email [email protected] . About WEEX WEEX is a Singapore-based crypto futures trading platform that focuses on security and ease of use. It is one of the world\'s top futures exchanges in terms of trading depth and has obtained licenses from the US MSB and Canadian MSB. WEEX\'s industry leading order book reduces users\' transaction costs and liquidity risk to provide an ultra-smooth trading experience. With over one million registered users and daily trading volumes exceeding US$5 billion, WEEX aims to provide the most professional and secure trading services for users globally. It also offers a one-click copy trading feature, allowing trading beginners to easily follow professional traders. The platform has established a 1,000 BTC Investor Protection Fund and publicly disclosed the hot wallet address to give users peace of mind. Story continues Social Media Links Twitter: https://twitter.com/WEEX_Official Medium: https://weexofficial.medium.com/ Facebook: https://www.facebook.com/WEEXGlobal Linkedin: https://www.linkedin.com/in/weex-exchange-149025225/ Telegram: https://t.me/Weex_Global Media Contact Organization: WEEX INTERNATIONAL EXCHANGE LTD Contact Person: WEEX Media Team Website: https://www.weex.com/en Email: [email protected] Country: Singapore SOURCE: WEEX INTERNATIONAL EXCHANGE LTD View source version on accesswire.com: https://www.accesswire.com/749403/WEEX-Announces-Its-Global-Expansion-Plan-Ranking-Among-Top-20-Crypto-Derivatives-Exchanges-on-CoinMarketCap', 'SINGAPORE, SINGAPORE / ACCESSWIRE / April 16, 2023 / WEEX, a Singapore-based crypto futures trading platform, has unveiled its global expansion plan after ranking among the top 20 crypto derivatives exchanges on CoinMarketCap. As one of the world\'s best futures exchanges in terms of trading depth, WEEX is focused on providing a secure and user-friendly trading experience for its users. WEEX is licensed by the US, Canadian MSB, and SVGFSA, offering a secure platform for traders worldwide. The platform\'s industry-leading order book depth reduces users\' transaction costs and liquidity risk, ensuring an ultra-smooth trading experience. With over one million registered users and a daily trading volume ranging between US$7-10 billion, WEEX\'s growth demonstrates its commitment to excellence. "We believe that satisfied users are the foundation of a successful crypto exchange," said the founder of WEEX. "They are the reason we strive for excellence every day." One of WEEX\'s standout features is its one-click copy trading function, which allows beginners with little experience to follow professional traders easily. The platform has also established a 1000 BTC Investor Protection Fund and publicly disclosed the hot wallet address of the fund pool to ensure users\' peace of mind. The hot wallet address can be found at https://www.weex.com/en/protectfund . In addition to its best-in-market depth, WEEX exchange offers a multi-tier affiliate program with one of the highest rebates in the industry. This program has attracted increased interest from KOLs, cementing WEEX\'s position as a top choice for traders and influencers alike. To learn more about WEEX\'s affiliate program, please email [email protected] . About WEEX WEEX is a Singapore-based crypto futures trading platform that focuses on security and ease of use. It is one of the world\'s top futures exchanges in terms of trading depth and has obtained licenses from the US MSB and Canadian MSB. WEEX\'s industry leading order book reduces users\' transaction costs and liquidity risk to provide an ultra-smooth trading experience. With over one million registered users and daily trading volumes exceeding US$5 billion, WEEX aims to provide the most professional and secure trading services for users globally. It also offers a one-click copy trading feature, allowing trading beginners to easily follow professional traders. The platform has established a 1,000 BTC Investor Protection Fund and publicly disclosed the hot wallet address to give users peace of mind. Story continues Social Media Links Twitter: https://twitter.com/WEEX_Official Medium: https://weexofficial.medium.com/ Facebook: https://www.facebook.com/WEEXGlobal Linkedin: https://www.linkedin.com/in/weex-exchange-149025225/ Telegram: https://t.me/Weex_Global Media Contact Organization: WEEX INTERNATIONAL EXCHANGE LTD Contact Person: WEEX Media Team Website: https://www.weex.com/en Ema Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $585,844,949,500 - Hash Rate: 295183695.9763696 - Transaction Count: 232268.0 - Unique Addresses: 558992.0 Social & AI Sentiment: - Fear & Greed Index: 0.68 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK , March 15, 2023 /PRNewswire/ -- The global sports trading card market size is estimated to grow by USD 6.71 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 13.36% during the forecast period. The rising demand to acquire sports trading cards online is driving the sports trading card market growth significantly, although factors such as growing online data security issues may hinder the market growth. Technavio has announced its latest market research report titled Global Sports Trading Card Market 2022-2026 For more insights on the forecast market size (2021 to 2026) - Request a sample report What's New? Recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! Sports Trading Card Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on distribution channel (online and offline) and geography ( Europe , North America , APAC, South America , and the Middle East and Africa ). The market share growth in the online segment will be significant during the forecast period. For instance, Panini Group., a US-based online sports trading card supplier, offers Panini's blockchain technology. This technology allows collectors to possess or trade Panini NFT trading cards. They are digital trading cards that exist on a blockchain network in the same manner as real trading cards. Hence, such developments are expected to fuel the growth of the market in the online segment during the forecast period. Geography Overview By geography, the global sports trading card market is segmented into Europe , North America , APAC, South America , and Middle East and Africa . The report provides actionable insights and estimates the contribution of all regions to the growth of the global sports trading card market. Europe is expected to contribute to 44% of the growth of the global sports trading card market during the forecast period. The growth in the sports trading card market in Europe is facilitated by the growth of the sports industry. Market growth in the Europe region is estimated to be slower than the growth of the market in APAC. Insights on the market contribution of various segments including country and region wise, and forecast market size (2021 to 2026) - Download a Sample Report Sports Trading Card Market – Vendor Analysis The sports trading card market has evolved from an early adopter to a multi-billion-dollar market, globally. Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, NETPRO Trading Cards LLC, Panini group, Select Australia Pty Ltd, The Upper Deck Co., TOPPS Co. Inc., TRISTAR Productions Inc., and United States Baseball Federation Inc. are some of the prominent vendors in the market. Story continues Sports Trading Card Market – Market Dynamics Key factor driving market growth The growing demand to acquire sports trading cards online is one of the key drivers supporting the sports trading card market growth. The two technological advances, non- fungible tokens (NFTs) and blockchain technology have revolutionized the way fans obtain trading cards online. Moreover, the declining smartphone average selling price (ASP) and advancements in communication network infrastructure have led to the growth in smartphone adoption. This provides opportunities for fans to obtain sports trading cards online without worrying about misplacing them. Hence, the growing usage of technologies like blockchain, coupled with the increasing prevalence of smartphones, is likely to influence the growth of the market during the forecast period. Leading trends influencing the market The introduction of bitcoin to acquire sports trading cards online is a key sports trading card market trend contributing to the growth of the sports trading card market. Bitcoin is a digital, decentralized currency, which is used to make transactions over the Internet. It provides a high level of anonymity and is not regulated by the central bank of countries. Digital currency provides various advantages over regular currency, such as international transactions, easy deposits and withdrawals, lower fraud risks, and others. Furthermore, users do not have to provide personal details while using bitcoins to acquire sports trading cards. This leads to customer satisfaction and enhanced online acquisitions of sports trading cards. It is expected to increase the demand for sports trading cards during the forecast period. Major challenges hindering the market growth One of the factors hindering the sports trading card market growth is the increasing number of online data security issues. Most sports trading card websites do not possess a proper dispute resolution framework and lack transparency in payout processes. They also lack fair online trading standards, which reduces the credibility of online sports trading card platform providers. The credibility issues impact the growth of the sports trading cards market negatively and discourage new users from acquiring sports trading cards online. Hence, the growing online data security issues are expected to impede market growth during the forecast period. Insights on market drivers, trends, & challenges, and forecast period(2021 to 2026)- Request a sample report! What are the key data covered in this Sports Trading Card Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the sports trading card market between 2022 and 2026 Precise estimation of the size of the sports trading card market and its contribution to the market with a focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the sports trading card market across Europe , North America , APAC, South America , and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of sports trading card market vendors Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The online trading platform market size is expected to increase by USD 2.66 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.67%. The growth opportunities and demand for online trading platforms in the APAC region are key drivers fueling the market's growth. The sports analytics market size is expected to increase to USD 2.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 20.65%. One of the key factors driving the global sports analytics market growth is the growing adoption of cloud-based deployment solutions. Sports Trading Card Market Scope Report Coverage Details Base year 2021 Historic period 2017-2021 Forecast period 2022-2026 Growth momentum & CAGR Accelerate at a CAGR of 13.36% Market growth 2022-2026 USD 6.71 billion Market structure Concentrated YoY growth 2022-2023 (%) 12.65 Regional analysis Europe, North America, APAC, South America, and Middle East and Africa Performing market contribution Europe at 44% Key countries US, China, UK, France, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, NETPRO Trading Cards LLC, Panini group, Select Australia Pty Ltd, The Upper Deck Co., TOPPS Co. Inc., TRISTAR Productions Inc., and United States Baseball Federation Inc. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse for Technavio Consumer Discretionary market reports Table of Contents 1 Executive Summary 1.1 Market overview 2 Market Landscape 2.1 Market ecosystem 3 Market Sizing 3.1 Market definition 3.2 Market segment analysis 3.3 Market size 2021 3.4 Market outlook: Forecast for 2021-2026 4 Five Forces Analysis 4.1 Five forces summary 4.2 Bargaining power of buyers 4.3 Bargaining power of suppliers 4.4 Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition 5 Market Segmentation by Distribution Channel 5.1 Market segments 5.2 Comparison by Distribution Channel 5.3 Online - Market size and forecast 2021-2026 5.4 Offline - Market size and forecast 2021-2026 5.5 Market opportunity by Distribution Channel 6 Customer Landscape 6.1 Customer landscape overview 7 Geographic Landscape 7.1 Geographic segmentation 7.2 Geographic comparison 7.3 Europe - Market size and forecast 2021-2026 7.4 North America - Market size and forecast 2021-2026 7.5 APAC - Market size and forecast 2021-2026 7.6 South America - Market size and forecast 2021-2026 7.7 Middle East and Africa - Market size and forecast 2021-2026 7.8 US - Market size and forecast 2021-2026 7.9 UK - Market size and forecast 2021-2026 7.10 France - Market size and forecast 2021-2026 7.11 China - Market size and forecast 2021-2026 7.12 Germany - Market size and forecast 2021-2026 7.13 Market opportunity by geography 8 Drivers, Challenges, and Trends 8.1 Market drivers 8.2 Market challenges 8.3 Impact of drivers and challenges 8.4 Market trends 9 Vendor Landscape 9.1 Overview 9.2 Vendor landscape 9.3 Landscape disruption 9.4 Industry risks 10 Vendor Analysis 10.1 Vendors covered 10.2 Market positioning of vendors 10.3 Choice Marketing Sportscards 10.4 Futera Ltd. 10.5 Leaf Trading Cards 10.6 NETPRO Trading Cards LLC 10.7 Panini group 10.8 Select Australia Pty Ltd 10.9 The Upper Deck Co. 10.10 TOPPS Co. Inc. 10.11 TRISTAR Productions Inc. 10.12 United States Baseball Federation Inc. 11 Appendix 11.1 Scope of the report 11.2 Inclusions and exclusions checklist 11.3 Currency conversion rates for US$ 11.4 Research methodology 11.5 List of abbreviations About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ Global Sports Trading Card Market 2022-2026 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/sports-trading-card-market-to-grow-by-usd-6-71-billion-from-2021-to-2026--driven-by-the-growing-demand-to-acquire-sports-trading-cards-online---technavio-301772157.html SOURCE Technavio View comments... - Reddit Posts (Sample): [['u/AmogusTD', 'Bitcoin Whitepaper', 50, '2023-04-16 01:02', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/', 'I read the abstract and introduction of the Bitcoin white paper and noticed how the author states that the need for trusted third parties is reduced.\n\nBut in the same paragraph, there is this bit: “routine escrow mechanisms could easily be implemented to protect buyers.”\n\nWhat does this mean? Isn’t an escrow a trusted third-party? Does Bitcoin simply shift the burden of fraud from buyers to sellers without meaningfully reducing third-party reliance via its non-reversible transaction mechanism?', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/', '12nm46s', [['u/gaterooze', 41, '2023-04-16 01:04', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgezj4o/', 'Few understand.', '12nm46s'], ['u/therobotisjames', 23, '2023-04-16 01:40', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgf41fk/', 'Even less bother caring.', '12nm46s'], ['u/Potential-Coat-7233', 17, '2023-04-16 01:55', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgf5ztr/', 'Yeah the funniest shit is when Bitcoin purists aren’t even Bitcoin purists. Immutability is seen as a concept that will save the human race, but escrow can be considered a way to mute a transaction.', '12nm46s'], ['u/spookmann', 81, '2023-04-16 01:56', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgf64bd/', 'It\'s the #1 rule of Blockchain.\n\nBlockchain only ever "solves" the easy part of the problem - and makes the difficult parts more difficult.', '12nm46s'], ['u/Suspicious_Army_904', 20, '2023-04-16 03:54', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jgfkcvd/', 'Few understand how early you are for the downvotes.', '12nm46s'], ['u/mojobox', 18, '2023-04-16 09:20', 'https://www.reddit.com/r/Buttcoin/comments/12nm46s/bitcoin_whitepaper/jggfvpf/', 'So exchanges are trustworthy enough to buy but not trustworthy enough to hold? Sure…', '12nm46s']]], ['u/Xorglord', 'Pale Reflections: Go for the Throat (11)', 18, '2023-04-16 04:06', 'https://www.reddit.com/r/Parahumans/comments/12nr5fd/pale_reflections_go_for_the_throat_11/', "Happy National Eggs Benedict Day, Kennet Citizens!\n\nPale Reflections handles Go for the Throat 23.f. Dorian goes back to the 60s, showing his opponents the strength of flower power. Grass beats Fire, as the TQ delivers an almighty combo to take down the Girl By Candlelight. Then, Griffin creeps his way through the female Negateers, before being walked all over by a girl in a bunny mask.\n\nDiscussion Question: Which boundary spirit would you want to host? ([here's the reference EM if you need it](https://palewebserial.wordpress.com/2021/11/05/15-2-spoilers-keeping-tabs-kennet/))\n\nYou can find the [episode here](https://www.doofmedia.com/2023/04/15/pale-reflections-go-for-the-throat-11/).\n\nDrop some [predictions here](https://docs.google.com/forms/d/e/1FAIpQLSePIzJ3gFbvFvImeTQ58bbfbTCE_gsTgiCaeVbpW17CzyKO5A/viewform)!\n\nJoin the [Doof Discord here](https://doofmedia.com/discord)!\n\nPale Reflections is available on [iTunes](https://podcasts.apple.com/au/podcast/pale-reflections/id1447214377), [Google Play](https://podcasts.google.com/feed/aHR0cHM6Ly93d3cubWVkaWFtZHBvZGNhc3QuY29tL2ZlZWQvcG9kY2FzdC9kaXA?sa=X&ved=0CAMQ4aUDahcKEwjgo-Gwmt_uAhUAAAAAHQAAAAAQAQ&hl=en-AU), [Spotify](https://open.spotify.com/show/6q7NaQiSnoCHCjaZOSoQ85), and [Stitcher](https://www.stitcher.com/show/deep-in-pact). Please give us a rating on your preferred platform(s), it'll really help raise awareness, and bring more people in!\n\nIf you've fallen behind, here's a spreadsheet helping you track [all things Pale](https://docs.google.com/spreadsheets/d/1VS0HRcbHChh4gmL8LcL8xiIvo-nPhSgs2OGOVV3fVbo/edit#gid=0)!", 'https://www.reddit.com/r/Parahumans/comments/12nr5fd/pale_reflections_go_for_the_throat_11/', '12nr5fd', [['u/MyynMyyn', 14, '2023-04-16 14:34', 'https://www.reddit.com/r/Parahumans/comments/12nr5fd/pale_reflections_go_for_the_throat_11/jgh3p0g/', "You wondered what the new magic school under Kennet's management would be called. Since you also called out how much of an MVP the Turtle Queen has been, it's obvisouly going to be the Black, Green and Gold Heron Institute...\n\nYes, the school uniforms are mandatory. What could possibly go wrong?", '12nr5fd']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 16, 2023', 39, '2023-04-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/', '12nudtf', [['u/regxbN78', 21, '2023-04-16 09:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggfi4h/', "Some napkin math on bitcoin price in the next epoch... My guess is $30K will turn out to be the average price of this epoch. For the previous epoch it was what, $8K? So that's a 3.75x increase. The impact of each halving is a bit less dramatic each time, so let's say we get just 3x boost to the average price after this next halving. So that says a conservative estimate of average price after the next halving is ~$90K. Sound about right?", '12nudtf'], ['u/RabbitProofFences', 12, '2023-04-16 10:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggmokc/', 'This is crazy talk : https://www.coindesk.com/policy/2023/04/14/sweden-drives-final-nail-into-its-bitcoin-mining-industry-with-tax-hike/\n\nLiterally all miners need to do is find grids with high production and low consumption and move in to tap into that excess.\n\nThis will probably spawn a new wave of offshare mining hubs in developing states', '12nudtf'], ['u/sexyama', 11, '2023-04-16 11:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggorjy/', "What did they expect, it's Sweden.", '12nudtf'], ['u/TonyTuck', 16, '2023-04-16 11:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggpiy2/', 'He is buying everything.\n\nHe bought you.\n\nYou are his possession now.', '12nudtf'], ['u/Rape-Putins-Corpse', 11, '2023-04-16 13:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jggyg95/', "Can't go down if he buys everything. I'm betting the farm.", '12nudtf'], ['u/4theWlN', 13, '2023-04-16 15:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgh9nr6/', "The last top was manipulated down via all the custodians stealing their client's coins and selling into the rally. It should have gone to at least 100k. So use that multiplier of 5x prior high or 30x prior low and then apply it with a discount to 3.5-4x here to get 350-400k from both multipliers.", '12nudtf'], ['u/jarederaj', 12, '2023-04-16 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghbdqi/', "I posted a price projection in February on TradingView that's unfolding fairly well.\n\nhttps://www.tradingview.com/chart/BTCUSD/DIixaxBA-MoonMath-Update-no-major-changes-in-years/\n\nIt isn't hard for this projection to perform, because targets are both conservative and broad:\n\n* Worst case start the halving at around 26k\n* Best case start the halving at around 80k\n\nBetween now and the halving prices could:\n\n* go as high as 69k\n* go as low as 26k\n\nIn February, I also posted that I didn't think, at _any_ point, we'd exceed the teal line. But I will amend that prediction to say: we might peak somewhere _near_ the teal line toward the end of 2024. This would mean the next bull run caps at:\n\n* worst case 130k\n* best case 280k\n\nThat means, by buying today, you have a shot at 4-10x your net worth in 18 months.\n\n\nI’ll add that I think it’s possible for bitcoin to make it to 1m this cycle, but I just put very low odds on that. Going to 1m - 2m would be more like past bubbles. As others have pointed out, the last bubble was heavily impacted by FTX and their customer base.", '12nudtf'], ['u/pignmud', 15, '2023-04-16 17:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghoitp/', 'my goldfish swimming clockwise - 🚀 soon', '12nudtf'], ['u/[deleted]', 22, '2023-04-16 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghphpq/', 'bowlish', '12nudtf'], ['u/xtal_00', 14, '2023-04-16 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jghuc9h/', "Traders provide liquidity to the markets, it's a valuable function.", '12nudtf'], ['u/Order_Book_Facts', 15, '2023-04-16 18:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgi1wlr/', 'Long term impact of traders on the market is effectively 0. They open and close every position. I don’t see why someone who is short btc is a bad actor either.', '12nudtf'], ['u/52576078', 33, '2023-04-16 21:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgild1e/', "A post from 10 years ago over on the main Bitcoin subreddit raised my interest to see how far our subreddit posts here go back. The r/BitcoinMarkets subreddit was created on April 11, 2013, just over 10 years ago. The oldest daily discussion I could find was this one from November 17, 2013 when the price was heading for $500. How far we've come. Congrats to the founders and the mods and contributers who keep this place going! \nhttps://old.reddit.com/r/BitcoinMarkets/comments/1qt2ke/daily_discussion_sunday_november_17_2013/?sort=old", '12nudtf'], ['u/hajoeojah', 10, '2023-04-16 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgio9jd/', 'Thank you for looking these facts up and cheers 🥂', '12nudtf'], ['u/snek-jazz', 15, '2023-04-16 22:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgitynk/', "I was around then, that was a particularly crazy time in bitcoin, the silk road got busted and it went on a run from around $100 to around $1000 in 6 weeks, after the previous ATH having been a brief $260 earlier in the year. Probably nothing has matched that since in terms of excitement. \n\nAlso, some things never change, from the very bottom comment there:\n\n> It's just damn frustrating because I've been holding out on buying since $320 or so because I was certain there would be a $100 dip within the next week or two.", '12nudtf'], ['u/thewardser', 15, '2023-04-16 22:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgiu0u8/', 'fake out to the upside, drop below the breakout area to take out stops/get last minute shortest....then its free to go up...next step should be up to about $31,800ish', '12nudtf'], ['u/bobbert182', 22, '2023-04-16 22:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgiwind/', 'I posted in that thread that day. It’s actually interesting looking back in that thread. Bitcoin has been good to me but man I could have been way smarter about it all. Didn’t have much back then and made mistakes a long the way.\n\nI do love this subreddit though. It’s kept me coming back to Reddit daily for almost 10 years', '12nudtf'], ['u/dopeboyrico', 18, '2023-04-16 22:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgizq6h/', 'A select few might be but the vast majority probably aren’t.\n\nThe low in November 2013 was $201 and the high was $1156. Suppose you caught the bottom for the month at $201 and went all in with the amount needed to be a millionaire today. You would’ve needed to put in ~$6.6k at the time and had the conviction to hold for just over 7 years when BTC reached $30k for the first time ever. You also would’ve needed to hold your own keys the entire time prior to Mt. Gox getting hacked and people having their first real world reality check of “not your keys, not your coins.” This was also following the first halving event so you didn’t have price data history to reassure you the price would go much higher many years later.\n\nIn many ways becoming a millionaire off of BTC is much easier today than it was back then. We’ve been through hundreds of “BTC is dead” headlines to the point where it’s a nonsensical meme now. If you understand that BTC has the potential to ultimately become global unit of account then you understand how 1 BTC could ultimately have the purchasing power of over $10 million on the low end in today’s dollars. Which means you could simply acquire 0.1 BTC at today’s price (~$3k investment) merely as an insurance policy to protect your purchasing power and walk away confident that you’ll someday become the equivalent of a millionaire with that investment alone.', '12nudtf'], ['u/[deleted]', 10, '2023-04-16 22:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgj124q/', 'I remember you saying mid 30s would be a turn around point for you. Are you still thinking of the big short 34ish and riding that down to new low, or have you been convinced the trend is up?\n\nNo snark at all, just curious', '12nudtf'], ['u/diydude2', 13, '2023-04-16 23:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12nudtf/daily_discussion_sunday_april_16_2023/jgj6r1l/', "Litecoin smashed through a hundred bucks. It's usually a good sign for Bitcoin when that happens since Litecoiners tend to cash out gains to Bitcoin.", '12nudtf']]], ['u/1162', 'Price matters very little compared to market cap and supply distribution', 35, '2023-04-16 07:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/', 'I’ve heard too many people say something like, “It’s only $0.0001! If it just goes to $1 each I’ll be rich!” Or “Bitcoin? No way I can invest in that, it’s like $30,000!”\n\nYou should always look at market cap (the price of the coin * how many there are) and then ideally compare that to other coins if you are wanting to speculate on future price. \n\nLet’s say rank 300 Shitcoin (SHT) costs only $0.0001 with a market cap of $105,000,000. The supply is comically large.\n\nIf SHT went to $1 that would make the market cap over a trillion dollars. Nearly double BTC’s market cap right now. It’s not happening.\n\nLikewise if a coin is expensive but the supply is small, it’s not a big deal if it’s $5,000 each. You can buy .005 of it and it will be just as good as an investment. \n\nHowever, one additional thing you should always consider is the supply distribution. If everything looks great but 99% of the supply is held by the dev they could dump it at any moment completely cratering the price. Likewise if you think the price / supply looks good now, make sure you know how supply is created because if the dev just launched a project and is putting 10,000,000 tokens a day into the ecosystem with big APYs then those tokens will quickly be worth very little each and if you bought some they will lose value. \n\nThere’s much more to picking an investment but I hope this clears up some common misconceptions for some!', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/', '12nx0kz', [['u/Fun_Evening_2487', 23, '2023-04-16 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/jgg8a8x/', 'And avoid crypto with shit names like ROCKET & SAFE', '12nx0kz'], ['u/WhiteDugShite', 10, '2023-04-16 07:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12nx0kz/price_matters_very_little_compared_to_market_cap/jgg8lau/', 'Yea, I could of used this advice when I first started my Crypto journey. \n\nIt was just too tempting to own 14 million of something for $10, grains of rice are multiple times more expensive. \nLooking at you DogElonMars.', '12nx0kz']]], ['u/rBitcoinMod', 'Daily Discussion, April 16, 2023', 46, '2023-04-16 08:00', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/', '12nxkzq', [['u/NectarineDirect936', 16, '2023-04-16 10:19', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/jggk3d8/', 'A sincere thank you for all the sellers out there that made it possible for me to buy btc at 16k🙏🤝', '12nxkzq'], ['u/cubeeless', 15, '2023-04-16 14:44', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/jgh4s5o/', "Bitcoin is here to stay. You owe it to yourself, therefore, to learn the basic facts about it - the sooner you do, the better for you, in the long term.\n\nBest intro videos/book:\n\nThe Trust Machine:\n\nhttps://www.youtube.com/watch?v=ZKwqNgG-Sv4\n\nWhy I'm buying BTC:\n\nhttps://youtu.be/1AVLV3fq4Ic\n\nBitcoin Airplane:\n\nhttps://youtu.be/tYldJpSPeqg\n\nBook: The Bitcoin Standard, by S. Ammous.\n\nMike Maloney: Hidden Secrets of Money, episode 4.\n\nhttps://www.youtube.com/watch?v=Vk7P119QcRc&ab_channel=JamesKing\n\nThe best investement that you can make in your lifetime is your own education. Education on:\n\n•\t\u2060...the history of money\n•\t\u2060...finance\n•\t\u2060...how the global economy works\n•\t\u2060...how the central bankers and the stock market work, how they can scam you.", '12nxkzq'], ['u/escodelrio', 10, '2023-04-16 16:20', 'https://www.reddit.com/r/Bitcoin/comments/12nxkzq/daily_discussion_april_16_2023/jghg3r1/', 'Historical Bitcoin prices for today, April 16th:\r \n\r \n2023 - $30,379\r \n2022 - $40,412\r \n2021 - $61,395\r \n2020 - $7,056\r \n2019 - $5,215\r \n2018 - $8,051\r \n2017 - $1,185\r \n2016 - $431\r \n2015 - $228\r \n2014 - $529\r \n2013 - $68\r \n2012 - $4.9\r \n2011 - $1\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1647555865111584768?s=20).', '12nxkzq']]], ['u/speedloafer', 'Your account will be deactivated soon...', 23, '2023-04-16 08:26', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/', 'I woke this morning to this email. No reason why, just closed due to "exceptional circumstances".\n\nI live in London (UK), have done all my life. I got the app in 2019, set it up to my bank account. I funded it with £20 from my debit card, then withdrew it about an hour later and never used it again until Wednesday (12th April). I saw the price of Bitcoin was on the rise and I remember seeing that Revolut lets you buy Crypto. So using the same bank account (different card as last one expired) I funded the account with £50 and then I bought £50 worth of Bitcoin on the Revolut app and moved it to my cold storage wallet. That\'s all I did, the last transaction was on the 12th. Both times I had to submit a selfie, in 2019 and again on the 12 April.\n\nAfter the email I contacted customer services but they wont tell me what I did wrong, they will close any other account I try to make though. That\'s it, no recourse, nothing, just fuck off your banned and we cant say what you did wrong.', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/', '12ny7hz', [['u/JacqueMorrison', 26, '2023-04-16 08:55', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/jggdzcr/', 'This no warning, no appeal policy is the main reason you can’t trust Revolut for anything critical. (Savings, main account) It’s ridiculous.\n\nI am happy with using it as a tool for currency conversion and online purchases though.', '12ny7hz'], ['u/SmartPipe3882', 27, '2023-04-16 11:33', 'https://www.reddit.com/r/Revolut/comments/12ny7hz/your_account_will_be_deactivated_soon/jggp7tg/', 'It’s not so much that you bought crypto, it’s how you’ve used the account. \n\nThe account has only ever seen funds land and then almost immediately leave. Albeit you’ve only done it twice, but the algorithm has probably just seen the age of the account and determined that the account is only a landing pad for funds that has only ever converted them to cash or crypto before emptying. \n\nLook at the percentages, rather than the transaction volume, and you’re looking like a clumsy a money launderer. At least 70% of all the funds that have ever been in the account have left to an pseudonymous source, 100% if you withdrew the other £20 from an ATM. You’re a banking red flag. A 70% AML headache.\n\nIt’s nothing to do with the crypto, as such. It’s that you transferred it out that got your flagged. It’s that you’re not making any constructive use of the account. It’s seen £70 in 3-4 years, and has been funded for less than 90 minutes in that time. \n\nYou’ve not exactly given them a compelling reward to balance against the risk of holding your account open, so they closed it.', '12ny7hz']]], ['u/Readingfast99', 'From an almost bankrupt country. Want to put my post grad funds in a stable currency. Need advice', 39, '2023-04-16 08:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/', "I'm from Pakistan.\n\nFor years I dreamt of leaving my country via post grad study visa because I had a hunch that the religious fundamentalist and dumb policies will ruin this country. Now the country is at brink of defaulting.\n\nSoon the local currency will amount to nothing. In last three years the price of USD and EUR has doubled. From ~150 PKR to almost 300. \n\nThe IMF has given us loan on conditions that will totally enslave us. \n\nI wanted to leave this all behind and go abroad to study but I can see how that doesn't generate ROI for me either. Tbh, since EUR USD doubled, I can't move out now. \n\nSo I want to buy crypto, not in dreams of becoming a millionare, but to protect the hard earned money of my parents before shit hits the fan. \n\nWhat are some cryptocurrencies that will not go down to zero by 2025 in your opinion. I don't mind cashing out at same price as they are now\n\nEdit: Another question: Will change of world order e.g Collapse of dollar & Chinese currency being the top dog benefit Bitcoin?", 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/', '12nyhbw', [['u/BettyT61143', 26, '2023-04-16 08:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggcubf/', 'If you want to cash out often, then a stable coin like USDC\n\nIf you are deciding to save for long period, then BTC and ETH are the best choice.', '12nyhbw'], ['u/Readingfast99', 16, '2023-04-16 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggcx3p/', 'Yeah for ~5 years until the political dust settles in the country', '12nyhbw'], ['u/Harold838383', 14, '2023-04-16 08:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggd71j/', 'Bitcoin. Make money rather than keeping your wealth stable', '12nyhbw'], ['u/BettyT61143', 23, '2023-04-16 08:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12nyhbw/from_an_almost_bankrupt_country_want_to_put_my/jggdajj/', 'Then definitely BTC and ETH', '12nyhbw']]], ['u/B1gg_R3dd', 'Will I be okay if I don’t understand all the technical aspects?', 25, '2023-04-16 09:34', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/', 'I’m fairly new and frankly, trying to learn can be overwhelming. I feel like I’m getting a good understanding of Bitcoin, but when I start to see comments talking about Omni layers and building on the blockchain, DeFi and smart contracts, I have no idea what any of it means and trying to learn and grasp the technology can be time consuming. I have been DCA into Bitcoin and I just wanted to know if I just continue to do that and making sure I have good cold storage, is it important to learn the ins and outs of how crypto works? Is there anything I should definitely understand and learn? Thanks\n\nEdit: I really appreciate all the advice! I was starting to get some FOMO regarding shitcoins and whatnot but from what I’ve gathered none of that really matters, just going to research as I go and keep accumulating sats!', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/', '12nzvr9', [['u/John_Pig', 23, '2023-04-16 09:43', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/jgghiz0/', "How many people understand the tech behind debit card payment? Or a combustion engine cycle, a deferential, or binary code?\n\nYou only need to use it safely, not to understand all tech behind it.\n\nFor now, stay onto Bitcoin related topics. When you feel you can take the time to learn more, do it.\n\nFor the average user, all you need to now can be learnt easily, imho, since the tech does the things for you. Don't have a cow.", '12nzvr9'], ['u/only_merit', 11, '2023-04-16 10:08', 'https://www.reddit.com/r/Bitcoin/comments/12nzvr9/will_i_be_okay_if_i_dont_understand_all_the/jggjcnj/', 'Mate, forget crypto, stay with Bitcoin, you are doing fine. If you want to go deeper, sure, read some books - Bitcoin Standard (for non-tech) or Mastering Bitcoin (for tech details). Then maybe read some more.', '12nzvr9']]], ['u/BusinessBreakfast3', 'Protect Your Seed Phrase (10 Tips to Secure your Crypto)', 88, '2023-04-16 10:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/', '# 1) Never share the words with anyone\n\nThis is the only thing you need to do to be safe. \n\nPeople complain about “getting hacked” daily but most of these stories end up having the same root cause: the person gave their seed phrase to someone. \n\nThey weren’t a victim of a hack… They fell for a scam.\n\nAgain,\xa0ownership of the private keys means ownership of the address they control.\n\nWhen you share them with someone, you’re basically sharing the ownership.\n\n# 2) Don’t save your seed phrase online\n\nWhen you have your words in your mailbox’s Drafts folder or you’ve sent them to yourself on social media, you’ve technically shared them with the world.\n\nThey’re potentially exposed to employees of the services you’re using, to platforms with which you interact, or any\xa0user of a device you’re logged or have been logged into, etc.\n\nThe solution is simple:\xa0use pen and paper.\n\n# 3) Keep the paper safe and hidden\n\nHave your 12-24 words written clearly on a piece of paper and hide it from the world.\n\nDon’t only think about burglars, but also people you live with – even without bad intentions, they can leak it or lose it due to negligence.\n\nThe stories about suckers searching dumpsters for hard-disks are mainstream nowadays… All of that can be avoided if you have this piece of paper..\n\nAnd don’t use bank deposit boxes to store your whole seed phrase, as it may defy the whole concept of “not your keys, not your coins”.\n\n# 4) Never take a picture of your seed phrase\n\nA picture on your phone is equally (or even more) vulnerable like the examples from point 2.\n\nThink about every application that has permissions to access your media files, an unintentional share, losing your phone… I can go on and on!\n\nAgain, all of this can be avoided by not having a picture. And if you’re worried about your house collapsing, keep reading:\n\n# 5) Have a duplicate\n\nIt’s always the case that something can happen to a piece of paper. Someone can throw it away unknowingly, it can be destroyed during unfortunate events, etc.\n\nThat’s why I think it’s a good idea to have a copy of your seed phrase stored elsewhere. However, there’s no one-size-fits-all solution, as it depends on your personal circumstances.\n\n# 6) Don’t get too creative\n\nYou can also get a bit creative in regards to how you write down the words. The goal would be to make the seed unusable for anyone that might get a hold of your precious piece of paper.\n\nYou might have ideas like tampering some words or changing their order using an algorithm you’d remember etc.\n\nBe careful with this.\n\nIf you’re not using your seed phrase often (you won’t), there’s a high probability that you\xa0will be the one that ends up with an unusable seed phrase.\n\nYou don’t want an over-engineered solution to stop you from accessing your funds. If you’d rely on memory, there’s a better approach:\n\n# 7) Remember your seed phrase\n\nIt’s as simple as it gets:\xa0remember your 24 words.\n\nAll of a sudden, your assets are available to you wherever you are.\n\nYou find yourself on the other side of the world and you want to pay with Bitcoin? It’s readily available to you! You find yourself as a war refugee and they confiscate everything you own on the border? Initialize your wallet once you’re free. This way of storing your seed is also called a “[brainwallet](https://en.bitcoin.it/wiki/Brainwallet)“.\n\nDoomsday scenarios aside, I’d put remembering the seed phrase as the top tip. But similar to the previous point – due to lack of usage, your memory of it can fade away. And if you only miss one word, that means you’re not controlling the private key you previously had.\n\n# 8) Never expose your words to the internet\n\nUsually, seed phrases are generated by a certain wallet provider during the setup.\n\nBut the most secure seed phrases are those that have never been exposed to the internet.\n\nYou can achieve this by using something called a hardware wallet. This is an offline device that controls your private keys, which you can use to confirm transactions.\n\nI wrote a detailed comparison between hardware and software wallets here:\n\n[https://www.reddit.com/r/CryptoCurrency/comments/12n724b/the\\_benefits\\_of\\_a\\_cold\\_wallet\\_hardware\\_wallet/](https://www.reddit.com/r/CryptoCurrency/comments/12n724b/the_benefits_of_a_cold_wallet_hardware_wallet/)\n\n# 9) Engrave your seed phrase into steel\n\nDurability is where metal storage shines. This relates to protection against fire, water, and other disasters.\n\nKeep in mind, there are already solutions on the market that make engraving words into metal relatively easy. You won’t have to do everything yourself.\n\n# 10) Use a passphrase (25th word)\n\nA passphrase\xa0is an extra word you can use on top of your 24 words.\n\nThis will allow you to control a completely new set of addresses.\n\nHaving a 25th word is crucial, because you can choose the word yourself, it’s easy to remember, and adds extra security in case someone gets access to your 24-word seed phrase.\n\nA common tactic you can use to assure safety is to have a small amount of crypto in the wallet controlled by your seed phrase. But the majority of your portfolio will be stored behind the wallets controlled by the 25 words.\n\nThis way, even if you find yourself in a situation where you are forced to give out your seed phrase, you can comply and still keep custody of your actual portfolio.\n\n# TLDR: See the subheaders and use common sense', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/', '12o1f73', [['u/_The_Chris_', 15, '2023-04-16 10:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/jgglvq5/', 'This are the 10 commandments of your crypto wallet!', '12o1f73'], ['u/redthepotato', 11, '2023-04-16 11:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/jggqmxj/', 'So are we officially a religion now?', '12o1f73'], ['u/AnimeFlamingo', 24, '2023-04-16 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12o1f73/protect_your_seed_phrase_10_tips_to_secure_your/jggqvk5/', 'Losing your seed phrase = losing your crypto and getting fucked. \n\nEveryone should have that clear and secure their seed as if it was the holy grail', '12o1f73']]], ['u/Crypto-hercules', 'So you work all your life pay taxes save up like a good boy follow all the rules and then get sick and you can’t cash your ISA in as it’s fixed. Even worse you die and the big institutions don’t allow access to your loved ones.', 127, '2023-04-16 11:39', 'https://www.reddit.com/r/Bitcoin/comments/12o2vpx/so_you_work_all_your_life_pay_taxes_save_up_like/', 'Bitcoin fixes this !!!', 'https://i.redd.it/6p1ez7mzc9ua1.jpg', '12o2vpx', [['u/jonessc8', 28, '2023-04-16 13:09', 'https://www.reddit.com/r/Bitcoin/comments/12o2vpx/so_you_work_all_your_life_pay_taxes_save_up_like/jggw3qw/', 'My dad had a pension he earned all his life at the same company. He passed away untimely and early. His pension was worth $1,800/mth.\n\nMy mom’s survivor benefits are $400.\n\nThese mother fuckers steal from the masses throughout our lives and it doesn’t get any better. How many times have they increased our retirement age in recent decades? Social Security has maybe one more decade before it runs dry. It won’t be there for millennials. There isn’t enough of a workforce and our central planners didn’t really plan things well. \n\nThey just borrowed from the future, claimed they were brilliant, and left a nightmare for us to deal with. FUCK YOU BOOMERS. They all need to exit the political system immediately before causing more hell for those left with their ineptitude.', '12o2vpx'], ['u/Crypto-hercules', 12, '2023-04-16 13:14', 'https://www.reddit.com/r/Bitcoin/comments/12o2vpx/so_you_work_all_your_life_pay_taxes_save_up_like/jggwhia/', 'I couldn’t agree more! I think many people overlook the importance of estate planning, I mean what are doing all this for if it’s not to make life better for the future generations. I hold a good bit of Bitcoin in colds storage and I have already explained to my 13 year old daughter how to access it if I die.! I mean what better feeling to know I can pass on my hard assets that simply with no 3rd party interference. For me this is one of the most important benefits of BTC.', '12o2vpx']]], ['u/Dry_Tortuga_Island', "Really disappointed with the SWAP feature on Ledger. If you're thinking about it... read on.", 61, '2023-04-16 13:25', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/', 'I wanted to move my BTC over to ledger, but Kucoin charges an outrageous $15 to take it off the exchange. So I figured I would check out the swap function to see how well it works - hoping that the advertised "0.25% fee from changelly" was a real thing.\n\nFirst of all, there is no way to get exchange rates and/or fee rates without actually having the coins in your wallet. This means any kind of research or whatever has to be done with coins in hand - all options are grayed out until you meet the minimum for an actual transaction. Stupid.\n\nSo I decided to send over $250 of XLM instead because the withdrawal fees are like $0.02 instead of $15. \n\nI have no idea what the fees were, but the exchange rate was so terrible that it would have cost me $18 to swap from XLM to BTC. That\'s essentially a fee rate of over 7%.\n\nI checked some other swap possibilities (ETH, etc.) and they were all roughly the same, maybe a bit less. So if you use the swap feature, expect to pay 5% at a minimum. \n\nIt\'s less a feature and more a scam, I would argue. Given that so many of their other features - the staking pools, etc, are a really solid deal, I was super disappointed in this one.', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/', '12o5dyd', [['u/MindlessBadger281', 21, '2023-04-16 13:58', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgh0akn/', 'I’ve also heard of people complaining they tried to swap and are still waiting to receive the new coins', '12o5dyd'], ['u/1-760-706-7425', 48, '2023-04-16 14:13', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgh1p8l/', 'There’s a lot of offerings Ledger pushes in their app that are shady and / or exploitative. They need to consider how it’s irrevocably tarnishing their brand especially given that they’re in the security space.', '12o5dyd'], ['u/Dry_Tortuga_Island', 10, '2023-04-16 16:18', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghfuwe/', 'Not to be rude, but wtf are you talking about. Btc transactions are nowhere near $15. \n\nAlso, leading with "I think you need to understand cryptocurrencies a bit more" makes you sound like a condescending idiot. \n\nI think you should understand the internet a bit more... You can use this new thing called Google to see that btc txns cost far less than $15.', '12o5dyd'], ['u/syrozzz', 12, '2023-04-16 16:36', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghi6mq/', "I think of Ledger more as a vault than as a trading platform. The mere fact that I can Swap is a nice extra. \nBut thx for the feedback that's good to know.", '12o5dyd'], ['u/1-760-706-7425', 35, '2023-04-16 16:55', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghksam/', 'Say as you like but when people get burnt by offers you push, they won’t care. Your credibility is at stake.', '12o5dyd'], ['u/Ultra918', 17, '2023-04-16 17:52', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghsyyx/', 'There were someone on the cc sub. He lost 300k with ledger live swap function.', '12o5dyd'], ['u/Rhelza', 20, '2023-04-16 18:24', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jghxi8u/', 'Ledger is an amazing hardware wallet, but their exchange services are shitty af.', '12o5dyd'], ['u/KMan471', 17, '2023-04-16 19:47', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgi9mqw/', 'Never ever use it. EVER', '12o5dyd'], ['u/PushTheButtonPlease', 14, '2023-04-16 20:57', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgijwo6/', 'My rules are;\n1. Never swap BTC for anything.\n2. Buy BTC.', '12o5dyd'], ['u/SweetBasil_', 10, '2023-04-16 23:22', 'https://www.reddit.com/r/ledgerwallet/comments/12o5dyd/really_disappointed_with_the_swap_feature_on/jgj561o/', "the $15 fee is not for the BTC transaction fee. it's just so you get pissed off and leave your coins on kucoin. use a different exchange if possible", '12o5dyd']]], ['u/OneThatNoseOne', 'Crypto Market Prices are heavily beholden to the goodwill and ethics of exchanges, which basically means some significant amount of it is indirectly affected by supply and trade manipulation', 34, '2023-04-16 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/', "We know that Cefi accounts for the majority of crypto trade volume. Take for instance Bitcoin. By current estimates, Cefi accounts for around 83% of Bitcoin trade spot volume, Defi obviously accounting for the rest. This means that crypto prices are heavily affected by many of the decisions Cefi platforms make.\n\nWhat I mean is, if a exchange is offering say 11 million tokens on the market available to buy or sell. But if there are only in fact 10 million actual tokens in reserve, they have effectively increase the supply by 10% which would (probably) have the effect of reducing the price. Now why would an exchange do this? It's for obvious reasons, and the age-old one: profits. If there if heavy demand for trading on a token, the more tokens there are the more trading fees the exchange can accumulate regardless of if it's buys or sells. Understanding this, with all the shady platforms we have seen over the years, exchanges have almost certainly done this and it is very likely that some still do. And if you wonder if Proof of Reserves help with this: it does not. First off all, exchanges can report any trading volume numbers they want, and even if that number isn't manipulated, it is still pretty difficult to determine the actual token reserves from the trade volume, as they represent two very different things. A solid example is Monerorun, where users tried to withdraw their Monero from exchanges but all a sudden a number of exchanges had withdrawals frozen, some for weeks in some cases.\n\nThere are also issues of exchanges trading against users like FTX did, and others certainly are doing. With the kind of resources that and information that the exchange has, exchanges trading against users also means they can coerce the price upward or downward. Now they may not necessarily mean to manipulate the price, as they are only looking for short-term profits, but then end effect is a price that is not produced by a fair market.\n\nThere are also simpler seemingly minor things like raising withdrawal fees on particular tokens to discourage removal of those tokens from exchanges. Users may then seek to buy certain other tokens just to be able to withdraw without paying unreasonable fees. This would also have the effect of reducing the price of the sold token and increase that of the cheaper token. On this particular case, it is my view that it is the cheap fees of TRX are the sole reason it is as 'popular' or at least as relevant as it is today.\n\nI could go on but I imagine you see the point by now. Market prices have an dependent, and probably unhealthy relationship with centralized exchanges.", 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/', '12o66wr', [['u/Shiny_asshole', 10, '2023-04-16 14:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/jgh0zxa/', 'There is a reason why every sane cryptobro promotes self custody, exchanges were never your friend and never will be', '12o66wr'], ['u/krakensupport', 10, '2023-04-16 14:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12o66wr/crypto_market_prices_are_heavily_beholden_to_the/jgh3ygf/', "u/Shiny_asshole is completely right about the self custody thing but we're definitely friends, u/InsaneMcFries. Btw, we might've forgotten a hat at your place last Friday... 😞\n\nLet us know if there's anything we can assist with bros. We're here and happy to help 24/7/365. 🤜 🤛\n\nYour friends ’til the very last block, 🧱 \nKraken Support 🐙", '12o66wr']]], ['u/-_-DarthVader', 'Whales Abruptly Move Over $850,000,000 in Bitcoin in Just 24 Hours', 353, '2023-04-16 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/', 'Entire transaction costed about 8$', 'https://dailyhodl.com/2023/04/16/whales-abruptly-move-over-850000000-in-bitcoin-in-just-24-hours-heres-where-the-crypto-is-going/', '12o6da5', [['u/hex_peson', 28, '2023-04-16 14:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1bo4/', 'Difficult to say what would that mean for the price.... It moved from "unknown wallet" to "unkonwn wallet". Buckle up boys.', '12o6da5'], ['u/Nuewim', 49, '2023-04-16 14:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1jqt/', 'When I move my $8.5 in BTC no one make articles about it.', '12o6da5'], ['u/Roberto9410', 14, '2023-04-16 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1pcz/', 'This was just a test transaction before the whales throw around the real money', '12o6da5'], ['u/-_-DarthVader', 34, '2023-04-16 14:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1qrk/', 'Shrimp moves $8.50000000 in BTC from unknown wallet to unknown wallet. News has shaken up the crypto ecosystem, blasting BTC through 50k in just an hour', '12o6da5'], ['u/DBRiMatt', 285, '2023-04-16 14:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1sc1/', "Man, whales abruptly moving over 850M in BTC, meanwhile, I'm carefully triple checking my test transaction of $1 before sending the remaining $99.", '12o6da5'], ['u/-_-DarthVader', 100, '2023-04-16 14:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh1xkw/', 'I can feel the anxiety just by reading your reply', '12o6da5'], ['u/Baecchus', 10, '2023-04-16 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh29ge/', 'No wonder he says BTC is a commodity', '12o6da5'], ['u/kirtash93', 50, '2023-04-16 14:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh2kzp/', 'And hope, we can only hope that they make a mistake and write our wallet address.', '12o6da5'], ['u/Baecchus', 18, '2023-04-16 14:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh2svk/', 'Plot twist: this was the test transaction', '12o6da5'], ['u/-_-DarthVader', 22, '2023-04-16 14:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh3316/', 'Hey Siri, add a boat to the wishlist', '12o6da5'], ['u/ELBartoFSL', 41, '2023-04-16 14:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh5am8/', '“Ok adding boat from wish.com”', '12o6da5'], ['u/-_-DarthVader', 15, '2023-04-16 14:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh5fml/', 'This guy accidents', '12o6da5'], ['u/partymsl', 19, '2023-04-16 15:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh6seu/', 'My prediction:\n\nA third move to an even more unknown wallet.', '12o6da5'], ['u/GapingFartLocker', 35, '2023-04-16 15:11', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgh7m73/', 'Any time I see the words "abruptly move" in a crypto headline I know in don\'t need to read it.', '12o6da5'], ['u/aethiestinafoxhole', 10, '2023-04-16 16:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jghgbey/', 'They can’t keep getting away with it!', '12o6da5'], ['u/uselessadjective', 11, '2023-04-16 17:30', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jghpv3x/', '#### So True\nBut on a serious note, Whales usually have a team of people (experienced) doing this for them', '12o6da5'], ['u/Aim_Sux', 10, '2023-04-16 18:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jghumg3/', 'You guys can afford coffee?', '12o6da5'], ['u/rootpl', 21, '2023-04-16 22:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12o6da5/whales_abruptly_move_over_850000000_in_bitcoin_in/jgixu99/', ">Man, whales abruptly moving over 850M in BTC, meanwhile, I'm carefully triple checking my test transaction of $1 before sending the remaining $99.\n\nI've spent $70 on a Ledger to keep my $50 BTC safe. Big brain time.", '12o6da5']]], ['u/robotwizard_9009', 'I have evidence that Robinhood, w/ Jump Trading, tokenized our stonks with FTX for Melvin', 5675, '2023-04-16 14:48', 'https://www.reddit.com/r/amcstock/comments/12o7eaj/i_have_evidence_that_robinhood_w_jump_trading/', '\nI have evidence that Robinhood, w/ Jump Trading, tokenized our stonks with FTX for Melvin \n\nFirstly, it\'s important to know that Jump Trading is the crypto arm of RH and the largest holder of dogecoin.. \n\nJan 25th 2021 : Citadel and Point72 give Melvin Capital $2.5b \n\nJan 26th, FTX tokenized our stonks onto Solana and ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether continued its ascent following last week\'s Shanghai upgrade on the Ethereum blockchain, reaching an 11-month high. Insights: Sufficiently decentralized ownership and control would prevent any single party from dictating AI development, CoinDesk Chief Content Officer Michael Casey writes. Prices CoinDesk Market Index (CMI) 1,324 +5.9 ▲ 0.4% Bitcoin (BTC) $30,325 +0.0 ▲ 0.0% Ethereum (ETH) $2,120 +27.8 ▲ 1.3% S&P 500 4,137.64 −8.6 ▼ 0.2% Gold $2,015 +13.0 ▲ 0.6% Nikkei 225 28,493.47 +336.5 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,324 +5.9 ▲ 0.4% Bitcoin (BTC) $30,325 +0.0 ▲ 0.0% Ethereum (ETH) $2,120 +27.8 ▲ 1.3% S&P 500 4,137.64 −8.6 ▼ 0.2% Gold $2,015 +13.0 ▲ 0.6% Nikkei 225 28,493.47 +336.5 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) For months traders speculated whether the ether ( ETH ) price would crash following the Ethereum blockchain\'s milestone Shanghai upgrade, or if it would rally. Now we know: Ether\'s price took off after last week\'s first-ever enabling of crypto withdrawals from the blockchain\'s staking mechanism , blowing past $2,000 on fresh enthusiasm that the success of the upgrade could lead to a surge in growth and investor interest. And it\'s kept rising, gaining on four of the past five days, and hitting a fresh 11-month high on Sunday around $2,141. The ETH price is now up 77% year-to-date, still trailing the bitcoin ( BTC ) price gain of 83% in 2023, but catching up fast . "The market\'s pessimism regarding Ethereum staking withdrawals proved excessive," as Sean Farrell, head of digital asset strategy at FundStrat, put it last week. Insights Web2’s Lesson for AI: Decentralize to Protect Humanity This is going to sound presumptuous coming from a guy who doesn’t write code, let alone have any direct experience in machine learning or artificial intelligence research. Story continues But I gotta say it: The recent alarmist demand for a six-month pause or even a militarily enforced shutdown in AI research – from people with experience, money and influence in the artificial intelligence industry – is founded on some fundamentally flawed thinking that will encourage the same destructive outcome for humanity that we seek to avoid. That the U.S. government is simultaneously orchestrating a crackdown on the crypto industry, a field of open-source innovation that develops the kind of cryptography and network coordination technologies needed to manage AI threats, makes this an especially dangerous moment for all of us. These doomsayers are computer scientists, not students of economic history. The issue is not, in and of itself, that an out-of-control AI could evolve to kill us all . (We all know that. For decades, Hollywood has taught us that it is so.) No, the task is to ensure that the economics of AI don’t intrinsically encourage that horrific result. We must prevent concentrated control of the inputs and outputs of AI machines from hindering our capacity to act together in the common interest. We need collective, collaborative software development that creates a computational antidote to these dystopian nightmares. You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . The answer does not lie in shutting down AI innovation and locking ChatGPT creator OpenAI, the industry leader that has taken the field to its current level of development, into pole position. On the contrary, that’s the best way to ensure the nightmare comes true. Read the full story here: Important events. Impact: FinTech Leading Through Change (London) 2:00 a.m. HKT/SGT(18:00 UTC) German Buba President Nagel Speech 5:30 a.m. HKT/SGT(21:30 UTC) European Central Bank\'s President Lagarde Speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Tops $2.1K After Shanghai Upgrade; Governance Tokens of Liquid Staking Protocols See Gains Ether was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler\'s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day. Headlines Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means : DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding. How CoinDesk Will Use Generative AI Tools : Artificial intelligence (AI) tools are changing the way we work – especially the media. Here are the rules of the road for CoinDesk. Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value : More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows. Avalanche Surges to 6-Month High in Daily Active Addresses : The spike coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.” AI Boosters Would Sacrifice Humanity for a Simulacra - as Long as They\'re in Control : AI boosterism and associated “long-termist” ideas may be a threat to your privacy, property and civil rights.', '(Bloomberg) -- Metalpha Technology Holding Ltd. is targeting a $100 million fund to invest in Bitcoin and other crypto products from Grayscale Investments LLC, offering Chinese investors with an appetite for crypto a regulated channel to get involved.\nMost Read from Bloomberg\n• Bud Light Kicked a Hornet’s Nest and Ran Away\n• A $300,000 Salary Feels Like $100,000 in The Priciest US Cities\n• Merck-Moderna Vaccine Helps Keep Patients Free From Skin Cancer\n• Fuel That Powers the Global Economy Is Flashing Recession Signs\n• In Morgan Stanley CEO Race, Wealth Boss Emerges as One to Watch\nThe licensed digital asset wealth manager, formerly known as Dragon Victory International, has secured $20 million for its new fund since March, said Adrian Wang, Metalpha’s president.\nBased in Hong Kong, the firm had been mulling relocation but decided to stay put after the city laid out plans to become a crypto trading hub. Its new fund was launched with NextGen Digital Venture, headed by Jason Huang, formerly of Alibaba Group Holding Ltd. co-founder Joe Tsai’s family office Blue Pool Capital.\nThe key selling point for the fund is providing a legally compliant way for investors in Asia from traditional finance backgrounds to access the so-called web3 space, or a decentralized version of the internet built around blockchain technology.\n“A lot of our clients are family offices with traditional backgrounds, rather than pure crypto or pure web3 native investors,” said Wang, who declined to share specific investor names. “It’s overseas Chinese institutions — some of them are family offices, some of them are public companies.”\nThe abrupt collapse of FTX last year reverberated across the crypto industry, shrinking risk appetites among investors from all classes. Metalpha sees that shock dissipating in recent times and believes its regulator-compliant offering will benefit from interest returning.\n“In the last quarter of 2022, especially after FTX collapsed, we had some difficulties and a lot of clients hesitated to place new orders, but now it’s getting much better,” Wang said. “A lot of new traffic is coming in and people are gaining more confidence.”\nMetalpha is backed by Singapore-based financier Antalpha, which has been working with Chinese Bitcoin mining rig firm Bitmain Technologies Ltd. to offer low-interest loans to crypto miners. The company competes with other lenders including Chinese billionaire Jihan Wu’s Matrixport Technologies Pte and the embattled Amber Group.\n--With assistance from Zheping Huang.\nMost Read from Bloomberg Businessweek\n• A Smart Gun Is Finally Here, But Does Anyone Want It?\n• Banking Crises Are Preventable, But Human Nature Gets in the Way\n• There Are No Fees at America’s Smallest Bank\n• Death, Taxes and ‘Teflon Don’\n• Women Tackle Football With a Full-Contact League of Their Own\n©2023 Bloomberg L.P.', '(Bloomberg) -- Metalpha Technology Holding Ltd. is targeting a $100 million fund to invest in Bitcoin and other crypto products from Grayscale Investments LLC, offering Chinese investors with an appetite for crypto a regulated channel to get involved.\nMost Read from Bloomberg\n• Bud Light Kicked a Hornet’s Nest and Ran Away\n• A $300,000 Salary Feels Like $100,000 in The Priciest US Cities\n• Merck-Moderna Vaccine Helps Keep Patients Free From Skin Cancer\n• Fuel That Powers the Global Economy Is Flashing Recession Signs\n• In Morgan Stanley CEO Race, Wealth Boss Emerges as One to Watch\nThe licensed digital asset wealth manager, formerly known as Dragon Victory International, has secured $20 million for its new fund since March, said Adrian Wang, Metalpha’s president.\nBased in Hong Kong, the firm had been mulling relocation but decided to stay put after the city laid out plans to become a crypto trading hub. Its new fund was launched with NextGen Digital Venture, headed by Jason Huang, formerly of Alibaba Group Holding Ltd. co-founder Joe Tsai’s family office Blue Pool Capital.\nThe key selling point for the fund is providing a legally compliant way for investors in Asia from traditional finance backgrounds to access the so-called web3 space, or a decentralized version of the internet built around blockchain technology.\n“A lot of our clients are family offices with traditional backgrounds, rather than pure crypto or pure web3 native investors,” said Wang, who declined to share specific investor names. “It’s overseas Chinese institutions — some of them are family offices, some of them are public companies.”\nThe abrupt collapse of FTX last year reverberated across the crypto industry, shrinking risk appetites among investors from all classes. Metalpha sees that shock dissipating in recent times and believes its regulator-compliant offering will benefit from interest returning.\n“In the last quarter of 2022, especially after FTX collapsed, we had some difficulties and a lot of clients hesitated to place new orders, but now it’s getting much better,” Wang said. “A lot of new traffic is coming in and people are gaining more confidence.”\nMetalpha is backed by Singapore-based financier Antalpha, which has been working with Chinese Bitcoin mining rig firm Bitmain Technologies Ltd. to offer low-interest loans to crypto miners. The company competes with other lenders including Chinese billionaire Jihan Wu’s Matrixport Technologies Pte and the embattled Amber Group.\n--With assistance from Zheping Huang.\nMost Read from Bloomberg Businessweek\n• A Smart Gun Is Finally Here, But Does Anyone Want It?\n• Banking Crises Are Preventable, But Human Nature Gets in the Way\n• There Are No Fees at America’s Smallest Bank\n• Death, Taxes and ‘Teflon Don’\n• Women Tackle Football With a Full-Contact League of Their Own\n©2023 Bloomberg L.P.', 'editor\'s node column On Tuesday, a financial reporter friend texted me to ask if I\'d be attending NFT NYC events the next day. "How is it even happening this year when the volume is so low," she asked. I sent her a spreadsheet that listed 180 different events happening in the next three days all around the city—there was plenty to do. By Wednesday afternoon, I was standing outside Samsung\'s Future+ launch event doing an interview with a radio reporter who asked me whether this year\'s event felt like a shell of what it once was, since, after all, NFTs are down bad. Hey, I get it. After the speculative JPEG-flipping bubble of 2021 popped and overall NFT sales volume plummeted, the mocking stories write themselves. It\'s easy to view today\'s NFT space as a punchline, especially if you focus on a single brutal data point comparing volume at the peak to volume now. (NFT sales surged to $2 billion in February, by the way, and dipped only slightly below $2 billion in March.) But if you ask me if the scene is dead, the answer is an emphatic no. NFT NYC events I attended this year had the energy, positivity, and idea-sharing I\'ve come to expect from crypto cultural gatherings over the past few years. Six weeks after an NFT Paris that blew me away , NFT NYC reinforced that Web3 and NFT culture is alive and well, bear market or not. Here are just a few moments I saw that should excite Web3 builders, and might even pique the curiosity of skeptics. 1. 9dcc Treasure Hunt: NFT collector and influencer Gmoney and his Web3 luxury brand 9dcc set up an NFT scavenger hunt with stops across the city. Participants had to hit at least seven different locations from a larger list over the course of three days, checking in at each one by scanning their phones to earn a POAP (proof-of-attendance protocol) NFT showing they were there; prizes included a rare Chromie Squiggle NFT. At every party I attended I saw people wearing the 9dcc ballcap they received at the hunt\'s first stop, and raving about the creativity of the experience. This is one of many use cases we\'re seeing for NFTs that are unique, social, marketable, and make actual use of the technology. Story continues 2. Jeremy Booth\'s NFC-chipped Wrangler jacket : The commercial artist Jeremy Booth , a former illustrator at Coinbase, has had a glow-up in the NFT art space thanks to his crisp Western-themed artwork showcased in collections like " Boots " and " Dirt ." In time for NFT NYC, he partnered with Wrangler on a custom "Western Art Dept" black denim jacket, adorned with his own cowboy art and embedded with an NFC (near-field communication) chip that allowed anyone Jeremy met during the week to scan his sleeve and earn a Concrete Cowboys "proof of friendship" POAP with his art on it. Again: the type of thing NFT skeptics could dismiss as a gimmick, but to me it combines original art, fashion, and an IRL experience, all in a way that brought more attention and fans to a deserving digital artist. The innovative team at @ltdinc_official have included a chip connecting the garment to an NFT verifying authenticity and ownership. Fashion meets blockchain. pic.twitter.com/NJYXIs0S5c — jeremybooth (@jeremybooth) April 11, 2023 3. Bitcoin NFTs get toasted at a Bitcoin-themed bar: It wasn\'t so long ago that NFTs were strictly "an Ethereum thing," and so-called Bitcoin maximalists wanted nothing to do with NFTs. That has changed with the soaring popularity of Ordinal Inscriptions , digital items built on the Bitcoin blockchain, made possible by Bitcoin\'s Taproot upgrade last fall. At this happy hour hosted by Trust Machines at PubKey, a Bitcoin-themed bar in Manhattan that opened last year ( Bloomberg torched it for not accepting Bitcoin as payment; it does now), let\'s just say I ran into a lot of familiar faces who are highly influential on Crypto Twitter and who, one year ago, were certainly not talking publicly about NFTs. Now Bitcoiners are buzzing about Taproot Wizards , Bitcoin Apes , and Ordinals on Magic Eden . 4. Web3 sci-fi TV series scores big names: Veteran TV actor David Bianchi was in town to promote his forthcoming dystopian sci-fi series " RZR ," which announced this week that it has added Mena Suvari and Danny Trejo to the cast in special guest star roles. I ran into David outside SoHo House and he showed me a clip from the show, which is in post-production; it looked very slick. The eight-episode series is truly a Web3-native effort: a live-action series produced by a Web3 company for Web3 release. It will premiere in July on the new streaming platform from Gala Film , a division of Web3 gaming company Gala Games ; show creator Bianchi\'s production company sold NFTs to spur engagement (holders will get access to bonus content); and the plot involves crypto. Bianchi is already in conversations with multiple large streaming platforms about a possible wider release after the series launches on Gala. These are just a few memorable moments, but they\'re reflective of what excites me in Web3 right now: unique use cases of the technology in art, fashion, and entertainment, and in ways that reward artists and creators. Yat Siu, the Animoca Brands chairman who is making a billion-dollar-bet on the metaverse , put it well when we chatted at NFT Paris in February. "We think the future of crypto, and Web3 generally, is all culture," he said. "We think of culture maybe an artist or musician, but actually, if it wasn\'t for that artist, or musician, you wouldn\'t have Netflix, you wouldn\'t HBO, you wouldn\'t have Sony PlayStation, you wouldn\'t have a TV, you wouldn\'t have radio, you wouldn\'t have everything that you enjoy right now. Culture is the biggest soft power and perhaps the biggest driver of economic growth." Even Arthur Hayes, the BitMEX founder who spends his day trading crypto and tweeting about price action, is pumped about the culture. His Twitter PFP is currently a Taproot Wizard NFT. "In my view, NFTs is a data construct, and it\'s a data construct that allows us to trade human culture," he told us in an interview for the gm podcast coming out this week. "Everything we do other than eating and sleeping is culture, right? It\'s sports. It\'s going to a nice restaurant. It\'s looking at art. It\'s listening to music. NFTs is: How do I make this scarce? How do I make this tradable? How do I give money back to the creators? And this is probably, I think, one of the biggest applications of this cryptographic money technology that we\'re building, it\'s unlocking the potential of the long tail of human culture and letting everybody participate." It\'s hard not to feel energized by that take.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ether continued its ascent following last week\'s Shanghai upgrade on the Ethereum blockchain, reaching an 11-month high.\nInsights:Sufficiently decentralized ownership and control would prevent any single party from dictating AI development, CoinDesk Chief Content Officer Michael Casey writes.\nCoinDesk Market Index (CMI)\n1,324\n+5.9▲0.4%\nBitcoin (BTC)\n$30,325\n+0.0▲0.0%\nEthereum (ETH)\n$2,120\n+27.8▲1.3%\nS&P 500\n4,137.64\n−8.6▼0.2%\nGold\n$2,015\n+13.0▲0.6%\nNikkei 225\n28,493.47\n+336.5▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,324", "+5.9\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,325", "+0.0\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$2,120", "+27.8\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,137.64", "\\u22128.6\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,015", "+13.0\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,493.47", "+336.5\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nFor months tradersspeculatedwhether the ether (ETH) price would crash following the Ethereum blockchain\'s milestone Shanghai upgrade, or if it would rally.\nNow we know: Ether\'s price took off after last week\'sfirst-ever enabling of crypto withdrawals from the blockchain\'s staking mechanism, blowing past $2,000 on fresh enthusiasm that the success of the upgrade could lead to a surge in growth and investor interest.\nAnd it\'s kept rising, gaining on four of the past five days, and hitting a fresh 11-month high on Sunday around $2,141.\nThe ETH price is now up 77% year-to-date, still trailing the bitcoin (BTC) price gain of 83% in 2023, butcatching up fast.\n"The market\'s pessimism regarding Ethereum staking withdrawals proved excessive," as Sean Farrell, head of digital asset strategy at FundStrat, put it last week.\nWeb2’s Lesson for AI: Decentralize to Protect Humanity\nThis is going to sound presumptuous coming from a guy who doesn’t write code, let alone have any direct experience in machine learning or artificial intelligence research.\nBut I gotta say it: The recent alarmist demand for asix-month pauseor even amilitarily enforced shutdownin AI research – from people with experience, money and influence in the artificial intelligence industry – is founded on some fundamentally flawed thinking that will encourage the same destructive outcome for humanity that we seek to avoid. That the U.S. government is simultaneously orchestrating a crackdown on the crypto industry, a field of open-source innovation that develops the kind of cryptography and network coordination technologies needed to manage AI threats, makes this an especially dangerous moment for all of us.\nThese doomsayers are computer scientists, not students of economic history. The issue is not, in and of itself, that an out-of-control AI couldevolve to kill us all. (We all know that. For decades,Hollywood has taught us that it is so.)No, the task is to ensure that the economics of AI don’t intrinsically encourage that horrific result. We must prevent concentrated control of the inputs and outputs of AI machines from hindering our capacity to act together in the common interest. We need collective, collaborative software development that creates a computational antidote to these dystopian nightmares.\nYou’re readingMoney Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletterhere.\nThe answer does not lie in shutting down AI innovation and locking ChatGPT creator OpenAI, the industry leader that has taken the field to its current level of development, into pole position. On the contrary, that’s the best way to ensure the nightmare comes true.\nRead the full storyhere:\nImpact: FinTech Leading Through Change (London)\n2:00 a.m. HKT/SGT(18:00 UTC)German Buba President Nagel Speech\n5:30 a.m. HKT/SGT(21:30 UTC)European Central Bank\'s President Lagarde Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Tops $2.1K After Shanghai Upgrade; Governance Tokens of Liquid Staking Protocols See Gains\nEther was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler\'s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day.\nMarket Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means:DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding.\nHow CoinDesk Will Use Generative AI Tools:Artificial intelligence (AI) tools are changing the way we work – especially the media. Here are the rules of the road for CoinDesk.\nEthereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value:More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.\nAvalanche Surges to 6-Month High in Daily Active Addresses:The spike coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.”\nAI Boosters Would Sacrifice Humanity for a Simulacra - as Long as They\'re in Control:AI boosterism and associated “long-termist” ideas may be a threat to your privacy, property and civil rights.', 'Bitcoin dipped in early Monday morning trading in Asia to move just below the US$30,000 mark. Ether also stalled after strong gains that followed last week\x92s upgrade to the Ethereum blockchain. Most other top 10 non-stablecoin cryptocurrencies traded lower, with the exception of Solana, the BNB token of the Binance exchange, and Litecoin. U.S. equity futures moved higher after gains last week, though they lost some steam on Friday amid a mixed outlook for the economy. See related article: Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement Fast facts Bitcoin fell 1.47% to US$29,858 in the 24 hours to 09:00 a.m. in Hong Kong, but is still up 5.13% for the week, according to CoinMarketCap data . The token briefly breached the US$31,000 mark on Friday but then fluctuated above US$30,000 over the weekend. Bitcoin\x92s gains last week came amid optimism around the Ethereum upgrade and signs of a slowdown in U.S. inflation in March . Lower inflation usually encourages buying of risk assets, including cryptocurrencies, said Marat Minkin, co-founder of decentralized finance payment app TONBanking . Cathy Wood, the CEO of investment manager Ark Invest, said on Friday that uncertainty about the outlook for the U.S. economy is also driving the safe-haven message around cryptocurrencies. Ethereum dipped 0.40% to US$2,082. The token is up about 12% for the past seven days, which included Wednesday\x92s Shanghai upgrade that allows investors to withdraw their staked Ether. As of 9:00 a.m. in Hong Kong, over 992,000 Ether had been withdrawn since Wednesday, while withdrawal of another 897,000 Ether are pending, according to data from Token Unlocks . Both amounts make up about 10% of the total 17 million staked Ether. Binance\x92s BNB led the winners and rose 3.07% to US$343.33, with a weekly gain of 9.79%. The world\x92s largest crypto exchange announced on Friday a partnership with the Brazilian Football Confederation to launch the first non-fungible token (NFT) of the country\x92s national football league. Solana gained 3.01% to US$24.91, posting a weekly jump of 22.63%. Solana Mobile, a subsidiary of Solana Labs, launched Saga on Thursday, an Android smartphone integrated with the Solana blockchain. Solana Labs also entered a partnership with U.S.-based drink retailer Boba Guys for on-chain loyalty reward program The total crypto market capitalization dropped 0.76% in the past 24 hours to US$1.26 trillion. The total trading volume over the last 24 hours rose 13.46% to US$38.86 billion. In the NFT market, the Forkast 500 NFT index added 0.91% to 4,053.99 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 2.98% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average added 0.19%. The S&P 500 futures gained 0.17% and the Nasdaq Composite Index inched 0.01% higher. The three indexes dipped Friday, though all logged gains for the week, as U.S. economic data sent mixed information to investors on what the Federal Reserve will do with interest rates at its next meeting on May 3. Consumer sentiment ticked up in April, according to a report on Friday, while retail sales fell in March, both readings that suggest inflation is cooling. However, first-quarter earnings of major banks, including JPMorgan Chase & Co. , Citigroup Inc. and Wells Fargo & Co , beat expectations, suggesting a stronger economy that may feed inflation, according to a Reuters report on Friday. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at the CME Group now see a 17.9% chance the Fed will not raise interest rates at its next meeting on May 3, while 82.1% predict a 25-basis-point rate hike,up from 66.5% last Friday. See related article: Forkast NFT indexes reveal the hidden costs of y00ts, DeGods\x92 moves across blockchains', 'Mahe, Seychelles --News Direct-- Chainwire The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads , has confirmed it will list on BitMart exchange soon . The DigiToads presale has already raised more than $1.35M, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity. The DigiToads (TOADS) Cycle The DigiToads presale, a new ICO, has already raised more than $1,350,000 in the earlier tranches of its presale. The project aims to be a top ICO, building on the successful presale raise which provided substantial discounts for early investors. As soon as DigiToads launches, presale participants will be fully liquid and free to trade on the open market with no vesting. The BitMart Listing BitMart has confirmed it will be listing DigiToads to provide more liquidity and a broader audience. In addition, investors could monitor the progression through the presale, of which the TOADS token will increase incrementally in later stages, until it reaches a price of $0.055 per token in the last tranche of the presale. What is DigiToads (TOADS)? DigiToads blends NFT technology with a Play-2-Earn gaming model, allowing users to own their unique Toads and utilize their NFTs to earn money making DigiToads the best crypto to invest in this year. Users can battle and breed their Toads in the Toad-Cade, and at the end of the season, 50% of the funds raised from in-game item sales will be allocated to the monthly prize pool. The top 25% of players will receive an allocation, meaning the most dedicated will be rewarded for their participation and skill. DigiToads also introduces two new revolutionary concepts to drive aggressive treasury growth. The first is the Toad School, which will provide an entire trading course allowing every TOADS holder to become a more efficient market participant. When the DigiToads decentralized exchange, The Trading Post, launches, they will be able to put their skills to the test and grow the protocol. Story continues Secondly, the fabled Platinum Toad. There will be 12 Platinum Toads distributed to the most skilled traders in the Toad ecosystem, decided by on-chain trading competitions. Holders of the Platinum toad will have access to 1/12 of the TOADS treasury to trade and will receive 10% of all trading profits. About DigiToads DigiToads is a memecoin with utility built into its ecosystem. With NFTs, a Staking Platform and Play to earn game, the project aims to cement itself as a popular memecoin on the market. To become a DigiToads (TOADS) holder today visit the website at https://digitoads.world and use the promo code BITMART20 to get a 20% bonus on the purchase. The coupon code expires on April 20th. Contact Details DigiToads [email protected] View source version on newsdirect.com: https://newsdirect.com/news/new-meme-coin-digitoads-toads-token-to-list-on-bitmart-exchange-167699445', 'Mahe, Seychelles --News Direct-- Chainwire The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads , has confirmed it will list on BitMart exchange soon . The DigiToads presale has already raised more than $1.35M, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity. The DigiToads (TOADS) Cycle The DigiToads presale, a new ICO, has already raised more than $1,350,000 in the earlier tranches of its presale. The project aims to be a top ICO, building on the successful presale raise which provided substantial discounts for early investors. As soon as DigiToads launches, presale participants will be fully liquid and free to trade on the open market with no vesting. The BitMart Listing BitMart has confirmed it will be listing DigiToads to provide more liquidity and a broader audience. In addition, investors could monitor the progression through the presale, of which the TOADS token will increase incrementally in later stages, until it reaches a price of $0.055 per token in the last tranche of the presale. What is DigiToads (TOADS)? DigiToads blends NFT technology with a Play-2-Earn gaming model, allowing users to own their unique Toads and utilize their NFTs to earn money making DigiToads the best crypto to invest in this year. Users can battle and breed their Toads in the Toad-Cade, and at the end of the season, 50% of the funds raised from in-game item sales will be allocated to the monthly prize pool. The top 25% of players will receive an allocation, meaning the most dedicated will be rewarded for their participation and skill. DigiToads also introduces two new revolutionary concepts to drive aggressive treasury growth. The first is the Toad School, which will provide an entire trading course allowing every TOADS holder to become a more efficient market participant. When the DigiToads decentralized exchange, The Trading Post, launches, they will be able to put their skills to the test and grow the protocol. Story continues Secondly, the fabled Platinum Toad. There will be 12 Platinum Toads distributed to the most skilled traders in the Toad ecosystem, decided by on-chain trading competitions. Holders of the Platinum toad will have access to 1/12 of the TOADS treasury to trade and will receive 10% of all trading profits. About DigiToads DigiToads is a memecoin with utility built into its ecosystem. With NFTs, a Staking Platform and Play to earn game, the project aims to cement itself as a popular memecoin on the market. To become a DigiToads (TOADS) holder today visit the website at https://digitoads.world and use the promo code BITMART20 to get a 20% bonus on the purchase. The coupon code expires on April 20th. Contact Details DigiToads [email protected] View source version on newsdirect.com: https://newsdirect.com/news/new-meme-coin-digitoads-toads-token-to-list-on-bitmart-exchange-167699445', 'Bitcoin dipped in early Monday morning trading in Asia to move just below the US$30,000 mark. Ether also stalled after strong gains that followed last week’supgradeto the Ethereum blockchain. Most other top 10 non-stablecoin cryptocurrencies traded lower, with the exception of Solana, the BNB token of the Binance exchange, and Litecoin. U.S. equity futures moved higher after gains last week, though they lost some steam on Friday amid a mixed outlook for the economy.\nSee related article:Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement\n• Bitcoin fell 1.47% to US$29,858 in the 24 hours to 09:00 a.m. in Hong Kong, but is still up 5.13% for the week, according toCoinMarketCap data. The token briefly breached the US$31,000 mark on Friday but then fluctuated above US$30,000 over the weekend.\n• Bitcoin’s gains last week came amid optimism around the Ethereum upgrade and signs of a slowdown inU.S. inflation in March. Lower inflation usually encourages buying of risk assets, including cryptocurrencies,saidMarat Minkin, co-founder of decentralized finance payment appTONBanking. Cathy Wood, the CEO of investment manager Ark Invest,said on Fridaythat uncertainty about the outlook for the U.S. economy is also driving the safe-haven message around cryptocurrencies.\n• Ethereum dipped 0.40% to US$2,082. The token is up about 12% for the past seven days, which included Wednesday’s Shanghai upgrade that allows investors to withdraw their staked Ether. As of 9:00 a.m. in Hong Kong, over 992,000 Ether had beenwithdrawnsince Wednesday, while withdrawal of another 897,000 Ether are pending, according to data fromToken Unlocks. Both amounts make up about 10% of the total 17 million staked Ether.\n• Binance’s BNB led the winners and rose 3.07% to US$343.33, with a weekly gain of 9.79%. The world’s largest crypto exchangeannouncedon Friday a partnership with the Brazilian Football Confederation to launch the first non-fungible token (NFT) of the country’s national football league.\n• Solana gained 3.01% to US$24.91, posting a weekly jump of 22.63%. Solana Mobile, a subsidiary of Solana Labs,launchedSaga on Thursday, an Android smartphone integrated with the Solana blockchain. Solana Labs also entered apartnershipwith U.S.-based drink retailer Boba Guys for on-chain loyalty reward program\n• The total crypto market capitalization dropped 0.76% in the past 24 hours to US$1.26 trillion. The total trading volume over the last 24 hours rose 13.46% to US$38.86 billion.\n• In the NFT market, the Forkast 500 NFT index added 0.91% to 4,053.99 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 2.98% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average added 0.19%. The S&P 500 futures gained 0.17% and the Nasdaq Composite Index inched 0.01% higher.\n• The three indexes dipped Friday, though all logged gains for the week, as U.S. economic data sent mixed information to investors on what the Federal Reserve will do with interest rates at its next meeting on May 3. Consumer sentiment ticked up in April, according to areporton Friday, whileretail sales fellin March, both readings that suggest inflation is cooling.\n• However, first-quarter earnings of major banks, includingJPMorgan Chase & Co.,Citigroup Inc.and WellsFargo & Co, beat expectations, suggesting a stronger economy that may feed inflation, according to aReutersreport on Friday.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at theCME Groupnow see a 17.9% chance the Fed will not raise interest rates at its next meeting on May 3, while 82.1% predict a 25-basis-point rate hike,up from 66.5% last Friday.\nSee related article:Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains', 'Bitcoin dipped in early Monday morning trading in Asia to move just below the US$30,000 mark. Ether also stalled after strong gains that followed last week’supgradeto the Ethereum blockchain. Most other top 10 non-stablecoin cryptocurrencies traded lower, with the exception of Solana, the BNB token of the Binance exchange, and Litecoin. U.S. equity futures moved higher after gains last week, though they lost some steam on Friday amid a mixed outlook for the economy.\nSee related article:Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement\n• Bitcoin fell 1.47% to US$29,858 in the 24 hours to 09:00 a.m. in Hong Kong, but is still up 5.13% for the week, according toCoinMarketCap data. The token briefly breached the US$31,000 mark on Friday but then fluctuated above US$30,000 over the weekend.\n• Bitcoin’s gains last week came amid optimism around the Ethereum upgrade and signs of a slowdown inU.S. inflation in March. Lower inflation usually encourages buying of risk assets, including cryptocurrencies,saidMarat Minkin, co-founder of decentralized finance payment appTONBanking. Cathy Wood, the CEO of investment manager Ark Invest,said on Fridaythat uncertainty about the outlook for the U.S. economy is also driving the safe-haven message around cryptocurrencies.\n• Ethereum dipped 0.40% to US$2,082. The token is up about 12% for the past seven days, which included Wednesday’s Shanghai upgrade that allows investors to withdraw their staked Ether. As of 9:00 a.m. in Hong Kong, over 992,000 Ether had beenwithdrawnsince Wednesday, while withdrawal of another 897,000 Ether are pending, according to data fromToken Unlocks. Both amounts make up about 10% of the total 17 million staked Ether.\n• Binance’s BNB led the winners and rose 3.07% to US$343.33, with a weekly gain of 9.79%. The world’s largest crypto exchangeannouncedon Friday a partnership with the Brazilian Football Confederation to launch the first non-fungible token (NFT) of the country’s national football league.\n• Solana gained 3.01% to US$24.91, posting a weekly jump of 22.63%. Solana Mobile, a subsidiary of Solana Labs,launchedSaga on Thursday, an Android smartphone integrated with the Solana blockchain. Solana Labs also entered apartnershipwith U.S.-based drink retailer Boba Guys for on-chain loyalty reward program\n• The total crypto market capitalization dropped 0.76% in the past 24 hours to US$1.26 trillion. The total trading volume over the last 24 hours rose 13.46% to US$38.86 billion.\n• In the NFT market, the Forkast 500 NFT index added 0.91% to 4,053.99 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 2.98% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average added 0.19%. The S&P 500 futures gained 0.17% and the Nasdaq Composite Index inched 0.01% higher.\n• The three indexes dipped Friday, though all logged gains for the week, as U.S. economic data sent mixed information to investors on what the Federal Reserve will do with interest rates at its next meeting on May 3. Consumer sentiment ticked up in April, according to areporton Friday, whileretail sales fellin March, both readings that suggest inflation is cooling.\n• However, first-quarter earnings of major banks, includingJPMorgan Chase & Co.,Citigroup Inc.and WellsFargo & Co, beat expectations, suggesting a stronger economy that may feed inflation, according to aReutersreport on Friday.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at theCME Groupnow see a 17.9% chance the Fed will not raise interest rates at its next meeting on May 3, while 82.1% predict a 25-basis-point rate hike,up from 66.5% last Friday.\nSee related article:Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains', 'Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% in the week through April 14 to trade at US$30,688 at 9:15 p.m. on Friday in Hong Kong.Etherrose 13.16% in the same period to US$2,100.\nIt’s been an eventful week for crypto and the global economy.\nBitcoin broke US$30,000for the first time since June 2022, days after the blockchain surpassed1 million Ordinalsinscriptions, generating over US$4.8 million in fees for the network. Ordinals are likened to non-fungible tokens (NFTs) on Bitcoin and allow users to mint images, videos, text and even video games.\nInvestor sentiment ticked up after Ethereum completed theShanghai upgradeon Wednesday, enabling staking withdrawals for the first time. Ether broke through the US$2,000 ceiling for the first time since August last year, snuffing out initial concerns that Ether withdrawals would addselling pressureon the world’s second-largest cryptocurrency.\nEven if Ether are unstaked, it does not necessarily mean that people are going to sell, because they could also use it for other DeFi investments, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday.\nOn economy readings, the U.S. consumer price index (CPI) released on Wednesday showed a cooler-than-expected inflation gain of 5% in March on year, the smallest increase since May 2021.\nU.S. equities rallied Thursday on softer readings in the U.S. producer price index and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.\nThe seeming slowdown in inflation could encourage investors and hedge funds to buy Bitcoin, said Marat Minkin, co-founder of decentralized finance payment appTONBanking.\nLower inflation usually encourages investors to take a more aggressive risk stance for assets like Bitcoin, said Minkin in emailed comments.\nJohn Isige, an analyst at crypto trading platformVauld, said that Bitcoin’s gains this year show it is maturing as an asset class and that it offers a hedge against economic uncertainty.\n“Bitcoin is definitely at the start of a bull run. Volumes are still low but holding US$30,000 could keep small retail traders streaming into the market,” Isige said in a LinkedIn response toForkast.The latest CPI data shows inflation is easing in the U.S. and that is encouraging, he said.\nHowever, Brian Santos, the founder of the non-profit Bitcoin Business Alliance said the token remains in bearish territory and he expects a price correction if Bitcoin does not break out well above US$30,000.\nKadan Stadelmann, chief technical officer of blockchain infrastructure development firmKomodo, agreed that Bitcoin could still be in a bear market due to thin volume.\nThe global crypto market capitalization stood at US$1.28 trillion on Friday at 9:15 p.m. in Hong Kong, up from US$1.18 trillion a week ago, according toCoinMarketCapdata. Bitcoin’s US$594 billion market cap accounted for 46.4% of the market, while Ether’s US$252 billion accounted for 19.7%.\nSee related article:Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’\nThe Render Network’s token (RNDR) was this week’s biggest gainer among the top 100 coins by market capitalization listed on CoinMarketCap, rallying 24.83% to US$1.61. The token started gaining momentum on April 9, three days after the networkannouncedthe community approval of its migration to Solana.\nThe Render Networkallows idle GPUs (graphics processing units) to beusedfor the digital rendering needed in fields like 3D modeling, gaming imagery, and virtual reality.\nThe WOO coin, the utility token of crypto trading platformWoo Network, was this week’s second biggest gainer with a rise of 23.14% to trade at US$0.25. The token started its rally on April 10, days after crypto exchange Krakenannouncedthe launch of WOO perpetual contracts.\n“All eyes are on US$32,000, a resistance that may determine the beginning of a bull run. A break above this brings US$38,000 within a reachable scope,” wrote Isige.\nBut Ikrom Ergashev, co-founder of blockchain investment analytics firmNeironix, expects Bitcoin to move sideways next week at US$29,000-32,000, he said in emailed comments.\nSee related article:Ethereum stands firm as Shapella upgrade rolls out', 'Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% in the week through April 14 to trade at US$30,688 at 9:15 p.m. on Friday in Hong Kong.Etherrose 13.16% in the same period to US$2,100.\nIt’s been an eventful week for crypto and the global economy.\nBitcoin broke US$30,000for the first time since June 2022, days after the blockchain surpassed1 million Ordinalsinscriptions, generating over US$4.8 million in fees for the network. Ordinals are likened to non-fungible tokens (NFTs) on Bitcoin and allow users to mint images, videos, text and even video games.\nInvestor sentiment ticked up after Ethereum completed theShanghai upgradeon Wednesday, enabling staking withdrawals for the first time. Ether broke through the US$2,000 ceiling for the first time since August last year, snuffing out initial concerns that Ether withdrawals would addselling pressureon the world’s second-largest cryptocurrency.\nEven if Ether are unstaked, it does not necessarily mean that people are going to sell, because they could also use it for other DeFi investments, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday.\nOn economy readings, the U.S. consumer price index (CPI) released on Wednesday showed a cooler-than-expected inflation gain of 5% in March on year, the smallest increase since May 2021.\nU.S. equities rallied Thursday on softer readings in the U.S. producer price index and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.\nThe seeming slowdown in inflation could encourage investors and hedge funds to buy Bitcoin, said Marat Minkin, co-founder of decentralized finance payment appTONBanking.\nLower inflation usually encourages investors to take a more aggressive risk stance for assets like Bitcoin, said Minkin in emailed comments.\nJohn Isige, an analyst at crypto trading platformVauld, said that Bitcoin’s gains this year show it is maturing as an asset class and that it offers a hedge against economic uncertainty.\n“Bitcoin is definitely at the start of a bull run. Volumes are still low but holding US$30,000 could keep small retail traders streaming into the market,” Isige said in a LinkedIn response toForkast.The latest CPI data shows inflation is easing in the U.S. and that is encouraging, he said.\nHowever, Brian Santos, the founder of the non-profit Bitcoin Business Alliance said the token remains in bearish territory and he expects a price correction if Bitcoin does not break out well above US$30,000.\nKadan Stadelmann, chief tec Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $579,676,566,000 - Hash Rate: 368979619.9704619 - Transaction Count: 316193.0 - Unique Addresses: 665181.0 Social & AI Sentiment: - Fear & Greed Index: 0.69 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Terra founder and CEO Do Kwon Terra USD Bitcoin founder Do Kwon has been arrested in Montenegro after months on the run, according to Montenegrin officials. Interior Minister Filip Adzic announced on Twitter that a suspect believed to be Kwon was arrested and detained at an airport in Podgorica, saying he was found in possession of false documents. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space How To Drop a Pin in Google Maps Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Kwon, co-founder, and CEO of Singapore-based Terraform Labs, Adzic tweeted . The former Terraform CEO is wanted in South Korea for an investigation into his companys collapse in May of last year, which set off last years disastrous crypto winter . A warrant was issued for Kwons arrest in September. Although Kwon claimed to not be on the run at the time, he disappeared from public view. He was reportedly living in Singapore before he disappeared and was spotted first in Dubai, and then Serbia before turning up in Montenegro. Although the suspect has not yet officially been identified and local authorities are still awaiting confirmation, Adzic said they believe they have Do Kwon based on the age, name, and nationality on his identification card. TerraUSD collapsed last year, losing approximately $40 billion, and when Kwon refused to return to South Korea, an arrest warrant was issued for allegedly violating the countrys capital markets law. When he still refused to turn himself in, prosecutors issued a request to South Koreas Foreign Ministry to revoke Kwons passport . Interpol was looped into the search efforts but had no more success locating Kwon who posted on Twitter in September, I am not on the run or anything similar for any government agency that has shown interest to communicate, we are in full cooperation and we dont have anything to hide. Story continues He continued, We are in the process of defending ourselves in multiple jurisdictions we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months. Kwon is also being sued by the Securities and Exchange Commission in the U.S. for alleged securities fraud. The commission claims Kwon and TerraUSD transferred 10,000 bitcoin , which is equivalent to millions of dollars, from the Terra/Luna project to a Swiss bank before the company went under. Kwon has denied the claims . If found guilty of securities fraud, the SEC is trying to ensure Kwon is barred from crypto dealing and would be required to pay penalties for his illegal dealings. SEC Chair Gary Gensler said in a press release last month, This case demonstrates the lengths to which some crypto firms will go to avoid complying with the securities laws, but it also demonstrates the strength and commitment of the SECs dedicated public servants. More from Gizmodo The Best College Science and Tech Programs Fast Food Apps, Ranked Sign up for Gizmodo's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today Michael Saylor, the outspoken bitcoin proponent and co-founder of business analytics software firm MicroStrategy (MSTR), has integrated Bitcoin’s Lightning Network into his corporate email address. This means anyone can use that email address – [email protected] – to send bitcoin ( BTC ) to the 58-year-old billionaire. So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 The integration uses The Lightning Address protocol, which allows developers to replace a standard Lightning invoice, or payment request, with an internet identifier such as an email address. The Lightning Network is the Bitcoin blockchain’s layer 2 scaling system designed to make bitcoin payments cheaper and faster. Saylor, who is reportedly worth around $1.2 billion and whose company has amassed approximately 140,000 BTC (about $4 billion at current prices), has been receiving small bitcoin donations from fans after tweeting about the integration.', 'Join the most important conversation in crypto and web3! Secure your seat today Vetle Lunde, a crypto markets analyst at K33 Research, sees parallels between bitcoin\x92s (BTC) recent surge from the doldrums of 2022 and its price pattern from 2018 into 2019. In an interview on CoinDesk TV\x92s \x93First Mover\x94 program on Monday, Lunde said that "the current drawdown and recovery stage is remarkably similar to that in 2019, both in duration and price movement.\x94 In a research note to clients last week, Lunde wrote that bitcoin could reach $45,000. BTC was currently trading at about $29,440, down 2%, although it is up about 80% in 2023. The rebound follows a year of distress, in which multiple major firms declared bankruptcy, sending risk-shy investors fleeing from crypto markets. Read More: Bitcoin Could Peak at $45K in May, Analyst Says \x93We saw throughout the latter part of 2022 a lot of forced selling, and also selling from investors who grew cautious,\x94 Lunde said. \x93This has led people to be underexposed. And has also enticed a lot of people to short (crypto) being conservative with adding exposure. This creates this dynamic where bitcoin feeds on your short squeezes and moves higher.\x94 He added that negative to neutral sales of derivatives, despite recent price gains, were further signs of investor caution. That sentiment could change, although the market\x92s relatively low liquidity remained a potential weight on future pricing. Lunde believes that faint signs last week that the U.S. Federal Reserve would scale back its hawkish monetary policy amid mildly encouraging inflation data could boost market sentiment. He blamed crypto prices\x92 swoon last year partly on firms overexposing themselves when interest rates were zero. \x93It was a lot of spending, a lot of focus on growth,\x94 Lunde said. \x93So you had this environment where miners took a lot of fiat that held a lot of bitcoin and then were exposed to falling prices, in addition to all the crypto banks starting to neglect due diligence.\x94 But the industry-wide crisis of 2022, which included multiple, major firms declaring bankruptcy, including crypto hedge fund Three Arrows Capital, has already been benefiting markets by weeding out bad actors, Lunde suggested. \x93A lot of these rotten fruits have been washed out of the market,\x94 he said. \x93So the entire market is in a more robust stage right now where it can handle higher interest rates for longer.\x94 He added: \x93The industry has learned. I\'m pretty sure that we will experience similar kinds of crisis in the future, unfortunately. But for now, those kinds of risks feel washed out of the market. So the market feels a lot more safe at the moment.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin drops below $29.5K as investors\' appetite for riskier assets lessens. Insights: What crypto projects are solving particularly important problems? Consensus Magazine presents 19 that you should be watching in 2023. Prices CoinDesk Market Index (CMI) 1,288 −20.5 ▼ 1.6% Bitcoin (BTC) $29,387 −578.8 ▼ 1.9% Ethereum (ETH) $2,074 −19.2 ▼ 0.9% S&P 500 4,151.32 +13.7 ▲ 0.3% Gold $2,011 +16.4 ▲ 0.8% Nikkei 225 28,514.78 +21.3 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,288 −20.5 ▼ 1.6% Bitcoin (BTC) $29,387 −578.8 ▼ 1.9% Ethereum (ETH) $2,074 −19.2 ▼ 0.9% S&P 500 4,151.32 +13.7 ▲ 0.3% Gold $2,011 +16.4 ▲ 0.8% Nikkei 225 28,514.78 +21.3 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is Bitcoin Entering a New Range? After a week-long rise above $30,000, bitcoin dipped below the symbolic threshold. The largest cryptocurrency by market capitalization was recently trading at about $29,400, down about 1.9% over the past 24 hours. BTC dipped below $29,300 at one point as banking unrest subsided, treasury yields rose and investors shied away from riskier assets. "Cryptos are losing some appeal as banking turmoil risks appear to be disappearing," Edward Moya, senior analyst at foreign exchange market maker Oanda, wrote in an email. "[Federal Reserve] lending to banks continues to ease and earnings have not revealed any major strains with the early banks that have reported. Also dampening the appeal for crypto is the surge behind Treasury yields, which is dampening the appeal for most risky assets." Moya noted that a number of major banks reported solid first-quarter earnings, including Wells Fargo and Citigroup, and that "emergency lending is decreasing." Story continues "The mid and small banks are about to report and while we are about to see some serious deposit outflows, the focus is not on bank solvency, but on banking profitability," Moya wrote. Ether was recently changing hands at about $2,075, off the better part of a percentage point. The second-largest crypto in market value has yet to see many ill effects from the recent Ethereum Shanghai upgrade, the final step in the blockchain platform\'s transformation from a proof-of-work to a more energy-efficient proof-of-stake protocol. Other major cryptos were in the red, albeit lightly so. ARB, the token of the layer 2 Ethereum scaling protocol Arbitrum, and ADA, the native crypto of the Cardano blockchain, both recently declined about 3%. The CoinDesk Market Index, a measure of the crypto markets overall performance, was recently down 1.6%. Equity markets inched upward as investors chewed over the encouraging bank earnings and the possibility that the U.S. central bank might continue raising interest rates to tame inflation. In last month\'s near banking meltdown, that prescription seemed less likely. Meanwhile, the 10-year Treasury yield has increased for three straight days to 3.59%, while gold, which a week ago neared its all-time high, has edged downward to just above $2,000. Oanda\'s Moya was wary about bitcoin\'s near-future path forward. "Bitcoin looks like it might be consolidating, possibly settling on a new range between the $26,500 and $31,000 region," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Decentraland MANA +7.3% Entertainment Gala GALA +5.0% Entertainment Loopring LRC +4.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −4.0% Smart Contract Platform Solana SOL −3.9% Smart Contract Platform Cardano ADA −2.7% Smart Contract Platform Insights Crypto Innovation Thrives: Here Are 19 Projects to Watch For the past three years, the Pew Research Center has polled Americans about their exposure to cryptocurrency. The percentage of people who have “ever invested in, traded or used a cryptocurrency such as bitcoin or ether” has remained roughly 16% since 2020. But this spring, Pew sought to identify how people feel about crypto. Among the 88% who have ever heard of cryptocurrency, 75% are “not very or not at all confident that cryptocurrencies are reliable or safe.” Only 6% are very confident. Trust in crypto is very low. The CoinDesk editorial team didn’t need a poll to see this. Our Most Influential 2022 list , published in December, subjectively identified the 50 people who defined the year in crypto. A significant percentage of the list was feel-bad stories of scammers and hucksters and possible sociopaths who depleted customers’ savings. The list came out less than a month after the sudden and shocking collapse of the FTX exchange, capping off a year of scandals. Understandably in response, Congress, mainstream media and the public are ready to punish crypto. To state the obvious, 2022 was the antithesis of crypto, which was invented as a remedy in 2009 to broken global financial systems and not to make sharks and charlatans rich. Bitcoin made peer-to-peer transactions possible, bypassing banks that make the transfers slow, costly and intrusive. By solving the trusted-mediator problem, bitcoin allowed transactions to be quicker and cheaper and therefore more accessible. The CoinDesk team set about to find projects that fulfill the ethos of crypto by solving a problem. In brainstorming sessions, we debated what problems crypto could be employed to solve, which quickly split into two baskets: problems within the crypto ecosystem itself, and problems in the world generally. Then the team explored the merits of projects aiming to solve the identified problems. From a list of more than 35 projects, we selected 19. Some haven’t launched yet, while others have been around for years. Funding ranges from bootstrapped to tens of millions of dollars, to undisclosed support from a parent foundation or project. We didn\'t put a lot of restrictions or parameters on these projects. Crypto organizations come in many forms, from traditional startups to decentralized autonomous organizations ( DAO ) to major corporations. It is still relatively new and many of its brands – even if valued in the billions of dollars – are not widely recognized. What the CoinDesk team looked for are innovative ideas, convincing proposals or evidence of success, and talented, committed people. Moreover, the problems the projects were aiming to solve had to be real, and the remedies needed. They could not just be a crypto version of something that is adequately managed in traditional finance, for instance, or purely meant for speculation or fun. Read the full article here: Important events Innovate Finance Global Summit China gross domestic product (Q1/MoM/YoY) China industrial production (March/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Withdrawals Cross 1M Tokens After Shanghai Upgrade; SEC Commissioner Peirce on DeFi Oversight Ether (ETH) withdrawals topped 1 million tokens on Sunday night, even as prices touched an 11-month high, following the recently implemented Shapella upgrade. Galaxy Digital Vice President of Research Christine Kim and K33 Senior Analyst Vetle Lunde joined the conversation. Plus, SEC Commissioner Hester Peirce discussed the future of decentralized finance (DeFi). And Lamina1 CEO Rebecca Barkin shared her insights on what the metaverse could look like in the next 10 years. Headlines Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit: The agency said Bittrex failed to register as an exchange, broker or clearing agency. Ether’s Strong Price Action May Continue Until End of Month: Coinbase: One reason why ether is appreciating is because of its relative underperformance versus bitcoin so far this year, the exchange said. MicroStrategy’s Saylor Integrates Bitcoin Lightning Address Into Corporate Email: The Lightning Address protocol allows users to send bitcoin over the Lightning Network to a wallet identifier resembling a conventional email address. Nike is Releasing Its First Digital Sneaker Collection on .Swoosh: The virtual sneaker, called Our Force 1, is a play on the brand\'s iconic Air Force 1 design.', 'Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern the regulatory crackdown by the U.S. Securities and Exchange Commission (SEC) is spreading after it sued crypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China\x92s GDP for the first quarter out Tuesday beat expectations with growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response. See related article: US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ Fast facts Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according to CoinMarketCap data . Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked Ether. Dogecoin shrugged off the overall down market, gaining 2.96% to US$0.0913 and adding 7.61% for the week. Sentiment around the memecoin got a lift as Twitter \x96 led by Dogecoin fan Elon Musk \x96 officially enabled stock and cryptocurrency trading on the platform on Monday in a partnership with multi-asset investment firm eToro. Solana dropped 2.02% to US$24.41, but is holding a gain of 16.56% for the week. U.S.-based digital currency asset manager Grayscale Investments opened Grayscale Solana Trust on Monday for public trading on OTC Markets under the symbol: GSOL. The Trust offers investors exposure to the price movement of Solana without holding the asset directly. The crypto market was hit by renewed regulatory concerns, as the U.S. SEC charged Bittrex and its co-founder William Shihara for violation of securities laws. Other crypto firms including Kraken , Coinbase , Paxos and Binance have also been targeted by U.S. regulators this year. SEC Chair Gary Gensler will speak before Congress on Tuesday on his approach to regulating digital assets. U.S. Representative Warren Davidson has said the SEC needs to be restructured and is reported to be planning legislation that would include removing Gensler from his role as chairman. SEC member Hester Peirce on Friday criticized her agency\x92s proposal to expand the definition of an \x93exchange\x94 to decentralized platforms that trade cryptocurrencies, calling it an effort to stymie development of new technology in a statement titled \x93Rendering Innovation Kaput.\x94 The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.25 trillion. The total trading volume over the last 24 hours rose 13.65% to US$44.43 billion. In the NFT market, the Forkast 500 NFT index inched up 0.11% to 4,052.59 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.84% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. stock futures traded flat as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.03%. The S&P 500 futures inched 0.05% lower. The Nasdaq Composite Index dropped 0.12%. The three U.S. equity indexes edged higher on Monday on mixed economic data and generally better than expected bank earnings, after logging gains the past week. Equity investors have more earning reports this week \x96 Bank of America, Goldman Sachs, Tesla, IBM and Netflix \x96 for a gauge of the state of the U.S. economy and how that may influence the Federal Reserve policy on raising interest rates. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 15.6% chance the Fed will leave rates unchanged at its next meeting on May 3, while 84.4% predict a 25-basis-point rate hike, up from 82.1% on Monday. See related article: U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern theregulatory crackdownby the U.S. Securities and Exchange Commission (SEC) is spreading after itsuedcrypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China’s GDP for the first quarter out Tuesdaybeat expectationswith growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response.\nSee related article:US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ\n• Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according toCoinMarketCap data.\n• Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked Ether.\n• Dogecoin shrugged off the overall down market, gaining 2.96% to US$0.0913 and adding 7.61% for the week. Sentiment around the memecoin got a lift as Twitter – led by Dogecoin fan Elon Musk – officially enabled stock and cryptocurrency trading on the platform on Monday in apartnershipwith multi-asset investment firm eToro.\n• Solana dropped 2.02% to US$24.41, but is holding a gain of 16.56% for the week. U.S.-based digital currency asset manager Grayscale Investments openedGrayscale Solana Truston Monday for public trading on OTC Markets under the symbol: GSOL. The Trust offers investors exposure to the price movement of Solana without holding the asset directly.\n• The crypto market was hit by renewed regulatory concerns, as the U.S. SEC charged Bittrex and its co-founder William Shihara for violation of securities laws. Other crypto firms includingKraken,Coinbase,PaxosandBinancehave also been targeted by U.S. regulators this year.\n• SEC Chair Gary Gensler will speak before Congress onTuesdayon his approach to regulating digital assets. U.S. Representative Warren Davidsonhas saidthe SEC needs to be restructured and is reported to be planning legislation that would include removing Gensler from his role as chairman.\n• SEC member Hester Peirce on Fridaycriticizedher agency’s proposal to expand the definition of an “exchange” to decentralized platforms that trade cryptocurrencies, calling it an effort to stymie development of new technology in astatementtitled “Rendering Innovation Kaput.”\n• The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.25 trillion. The total trading volume over the last 24 hours rose 13.65% to US$44.43 billion.\n• In the NFT market, the Forkast 500 NFT index inched up 0.11% to 4,052.59 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.84% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures traded flat as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.03%. The S&P 500 futures inched 0.05% lower. The Nasdaq Composite Index dropped 0.12%.\n• The three U.S. equity indexes edged higher on Monday onmixed economic dataand generally better than expected bank earnings, after logging gains the past week. Equity investors have more earning reports this week – Bank of America, Goldman Sachs, Tesla, IBM and Netflix – for a gauge of the state of the U.S. economy and how that may influence the Federal Reserve policy on raising interest rates.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.6% chance the Fed will leave rates unchanged at its next meeting on May 3, while 84.4% predict a 25-basis-point rate hike, up from 82.1% on Monday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern theregulatory crackdownby the U.S. Securities and Exchange Commission (SEC) is spreading after itsuedcrypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China’s GDP for the first quarter out Tuesdaybeat expectationswith growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response.\nSee related article:US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ\n• Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according toCoinMarketCap data.\n• Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked Ether.\n• Dogecoin shrugged off the overall down market, gaining 2.96% to US$0.0913 and adding 7.61% for the week. Sentiment around the memecoin got a lift as Twitter – led by Dogecoin fan Elon Musk – officially enabled stock and cryptocurrency trading on the platform on Monday in apartnershipwith multi-asset investment firm eToro.\n• Solana dropped 2.02% to US$24.41, but is holding a gain of 16.56% for the week. U.S.-based digital currency asset manager Grayscale Investments openedGrayscale Solana Truston Monday for public trading on OTC Markets under the symbol: GSOL. The Trust offers investors exposure to the price movement of Solana without holding the asset directly.\n• The crypto market was hit by renewed regulatory concerns, as the U.S. SEC charged Bittrex and its co-founder William Shihara for violation of securities laws. Other crypto firms includingKraken,Coinbase,PaxosandBinancehave also been targeted by U.S. regulators this year.\n• SEC Chair Gary Gensler will speak before Congress onTuesdayon his approach to regulating digital assets. U.S. Representative Warren Davidsonhas saidthe SEC needs to be restructured and is reported to be planning legislation that would include removing Gensler from his role as chairman.\n• SEC member Hester Peirce on Fridaycriticizedher agency’s proposal to expand the definition of an “exchange” to decentralized platforms that trade cryptocurrencies, calling it an effort to stymie development of new technology in astatementtitled “Rendering Innovation Kaput.”\n• The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.25 trillion. The total trading volume over the last 24 hours rose 13.65% to US$44.43 billion.\n• In the NFT market, the Forkast 500 NFT index inched up 0.11% to 4,052.59 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.84% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures traded flat as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.03%. The S&P 500 futures inched 0.05% lower. The Nasdaq Composite Index dropped 0.12%.\n• The three U.S. equity indexes edged higher on Monday onmixed economic dataand generally better than expected bank earnings, after logging gains the past week. Equity investors have more earning reports this week – Bank of America, Goldman Sachs, Tesla, IBM and Netflix – for a gauge of the state of the U.S. economy and how that may influence the Federal Reserve policy on raising interest rates.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.6% chance the Fed will leave rates unchanged at its next meeting on May 3, while 84.4% predict a 25-basis-point rate hike, up from 82.1% on Monday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'By Medha Singh and Lisa Pauline Mattackal (Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. The power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency\'s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability. The 30-day average of mining revenues has risen to $27.34 million a day, the highest level since last June, according to data from Blockchain.com. That\'s a relief for miners that struggled to service large debt burdens as revenues languished between $15 million and $21 million for most of the second half of 2022. They\'re still some way off a peak of $61.2 million hit in November 2021, though. "Many public miners were on the brink of bankruptcy at the end of last year. At the current bitcoin price, these companies\' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor. Miners\' debt-to-equity ratios now look much healthier, said Mellerud, adding that many companies had restructured and paid down debt over the past few months. Marathon Digital Holdings\' debt-to-equity ratio has dropped to 0.5 from 2 since the start of this year, for example, while Greenidge Generation Holdings\' has dropped to 5.8 from 11.7, according to data from Luxor. The spring thaw has seen investors flock back to publicly traded crypto mining companies; Among the biggest players, Marathon and Riot Platforms have seen their share price more than triple this year, while the Valkyrie Bitcoin Miners ETF is up 162% and Greenidge has gained 137%. But they\'ve all still lost money since early 2022. Bitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. Miners are rewarded with bitcoin for completing a block, competing against other miners by solving intricate maths puzzles with energy-intensive computing systems, meaning electricity comprises a significant chunk of their operating costs. Story continues Declines in power prices, particularly in the U.S., have eased pressure on company margins, according to analysts at BTIG, who said the electricity cost for producing one bitcoin has fallen about 40% from the end of last year. That means that despite both the computing power available on the network and mining difficulty rising steadily to new all time highs - meaning it should take more power to mine one block - the 30-day average cost-per-transaction for miners has fallen to its lowest level since September, Blockchain.com data showed. (Graphic: Robust growth in revenue - https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/klpygmobapg/chart.png) OUT OF THE WOODS? Miners can\'t get too cozy though, given their fortunes are tied to bitcoin\'s capricious price trajectory. "If we see bitcoin top out and consolidate, the run-up in miners may do the same, we expect to see more volatility as we head into summer," said Kevin Kelly, head of research at Delphi Digital, although he sees a favorable environment for crypto persisting through 2023, compared with last year. Despite improvements in their balance sheets, many miners still have plenty of debt to pay down and are still struggling, said Luxor\'s Mellerud. "The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said. Most companies are focusing on debt reduction rather than spending on new equipment, BTIG said, even as the estimated cost of new mining rigs has dropped around 69% since the end of 2021. There are some exceptions however, with CleanSpark taking advantage of falling prices to purchase of 45,000 new mining rigs, which would nearly double its computing power. A rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell. For now though, the sun is shining. "I don\'t think we\'re completely out of the woods, but I think the worst is behind us," said Marcus Sotiriou, analyst at digital asset broker GlobalBlock. (Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Vidya Ranganathan and Pravin Char)', 'By Medha Singh and Lisa Pauline Mattackal\n(Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter.\nThe power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency\'s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability.\nThe 30-day average of mining revenues has risen to $27.34 million a day, the highest level since last June, according to data from Blockchain.com.\nThat\'s a relief for miners that struggled to service large debt burdens as revenues languished between $15 million and $21 million for most of the second half of 2022. They\'re still some way off a peak of $61.2 million hit in November 2021, though.\n"Many public miners were on the brink of bankruptcy at the end of last year. At the current bitcoin price, these companies\' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor.\nMiners\' debt-to-equity ratios now look much healthier, said Mellerud, adding that many companies had restructured and paid down debt over the past few months.\nMarathon Digital Holdings\' debt-to-equity ratio has dropped to 0.5 from 2 since the start of this year, for example, while Greenidge Generation Holdings\' has dropped to 5.8 from 11.7, according to data from Luxor.\nThe spring thaw has seen investors flock back to publicly traded crypto mining companies; Among the biggest players, Marathon and Riot Platforms have seen their share price more than triple this year, while the Valkyrie Bitcoin Miners ETF is up 162% and Greenidge has gained 137%. But they\'ve all still lost money since early 2022.\nBitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. Miners are rewarded with bitcoin for completing a block, competing against other miners by solving intricate maths puzzles with energy-intensive computing systems, meaning electricity comprises a significant chunk of their operating costs.\nDeclines in power prices, particularly in the U.S., have eased pressure on company margins, according to analysts at BTIG, who said the electricity cost for producing one bitcoin has fallen about 40% from the end of last year.\nThat means that despite both the computing power available on the network and mining difficulty rising steadily to new all time highs - meaning it should take more power to mine one block - the 30-day average cost-per-transaction for miners has fallen to its lowest level since September, Blockchain.com data showed.\n(Graphic: Robust growth in revenue - https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/klpygmobapg/chart.png)\nOUT OF THE WOODS?\nMiners can\'t get too cozy though, given their fortunes are tied to bitcoin\'s capricious price trajectory.\n"If we see bitcoin top out and consolidate, the run-up in miners may do the same, we expect to see more volatility as we head into summer," said Kevin Kelly, head of research at Delphi Digital, although he sees a favorable environment for crypto persisting through 2023, compared with last year.\nDespite improvements in their balance sheets, many miners still have plenty of debt to pay down and are still struggling, said Luxor\'s Mellerud.\n"The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said.\nMost companies are focusing on debt reduction rather than spending on new equipment, BTIG said, even as the estimated cost of new mining rigs has dropped around 69% since the end of 2021.\nThere are some exceptions however, with CleanSpark taking advantage of falling prices to purchase of 45,000 new mining rigs, which would nearly double its computing power.\nA rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell. For now though, the sun is shining.\n"I don\'t think we\'re completely out of the woods, but I think the worst is behind us," said Marcus Sotiriou, analyst at digital asset broker GlobalBlock.\n(Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Vidya Ranganathan and Pravin Char)', 'By Medha Singh and Lisa Pauline Mattackal\n(Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter.\nThe power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency\'s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability.\nThe 30-day average of mining revenues has risen to $27.34 million a day, the highest level since last June, according to data from Blockchain.com.\nThat\'s a relief for miners that struggled to service large debt burdens as revenues languished between $15 million and $21 million for most of the second half of 2022. They\'re still some way off a peak of $61.2 million hit in November 2021, though.\n"Many public miners were on the brink of bankruptcy at the end of last year. At the current bitcoin price, these companies\' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor.\nMiners\' debt-to-equity ratios now look much healthier, said Mellerud, adding that many companies had restructured and paid down debt over the past few months.\nMarathon Digital Holdings\' debt-to-equity ratio has dropped to 0.5 from 2 since the start of this year, for example, while Greenidge Generation Holdings\' has dropped to 5.8 from 11.7, according to data from Luxor.\nThe spring thaw has seen investors flock back to publicly traded crypto mining companies; Among the biggest players, Marathon and Riot Platforms have seen their share price more than triple this year, while the Valkyrie Bitcoin Miners ETF is up 162% and Greenidge has gained 137%. But they\'ve all still lost money since early 2022.\nBitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. Miners are rewarded with bitcoin for completing a block, competing against other miners by solving intricate maths puzzles with energy-intensive computing systems, meaning electricity comprises a significant chunk of their operating costs.\nDeclines in power prices, particularly in the U.S., have eased pressure on company margins, according to analysts at BTIG, who said the electricity cost for producing one bitcoin has fallen about 40% from the end of last year.\nThat means that despite both the computing power available on the network and mining difficulty rising steadily to new all time highs - meaning it should take more power to mine one block - the 30-day average cost-per-transaction for miners has fallen to its lowest level since September, Blockchain.com data showed.\n(Graphic: Robust growth in revenue - https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/klpygmobapg/chart.png)\nOUT OF THE WOODS?\nMiners can\'t get too cozy though, given their fortunes are tied to bitcoin\'s capricious price trajectory.\n"If we see bitcoin top out and consolidate, the run-up in miners may do the same, we expect to see more volatility as we head into summer," said Kevin Kelly, head of research at Delphi Digital, although he sees a favorable environment for crypto persisting through 2023, compared with last year.\nDespite improvements in their balance sheets, many miners still have plenty of debt to pay down and are still struggling, said Luxor\'s Mellerud.\n"The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said.\nMost companies are focusing on debt reduction rather than spending on new equipment, BTIG said, even as the estimated cost of new mining rigs has dropped around 69% since the end of 2021.\nThere are some exceptions however, with CleanSpark taking advantage of falling prices to purchase of 45,000 new mining rigs, which would nearly double its computing power.\nA rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell. For now though, the sun is shining.\n"I don\'t think we\'re completely out of the woods, but I think the worst is behind us," said Marcus Sotiriou, analyst at digital asset broker GlobalBlock.\n(Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Vidya Ranganathan and Pravin Char)', 'Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain’s milestone upgrade last week, according to areportfrom European cryptocurrency investment firm CoinShares.\nSee related article:Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement\n• Total investment in digital asset products reached US$114 million last week, with\xa0Bitcoin getting the lion’s share of US$104 million, according to the report. It was the fourth week in a row of inflows.\n• “This four-week run of inflows now total US$345 million, almost fully correcting the prior six-week run of outflows that totalled US$408 million,” the CoinShares report said. “We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges.”\n• Developers of the Ethereum blockchain on April 12updated the networkwith new features including allowing the withdrawal of staked Ether. Such tokens were deposited to support the operations of the Ethereum blockchain, the world’s second-biggest, in return for a passive income, usually in the form of more tokens.\n• However,datafrom on-chain analysis companyCryptoQuantshowed during the period between April 13 and 17, cryptocurrency exchanges saw a net inflow of about 131,395 Ether (US$273.3 million), compared to the more than 1.46 million Ether in total transferred to the exchanges, a move typically indicating selling intention from crypto holders.\n• Analysts at crypto research firm Kaikosaidon Monday that the ETH-USD pair on crypto exchange Coinbase has seen more sell orders than buys since the upgrade.\n• As of Tuesday noon in Hong Kong, around 1.06 million Ether have been withdrawn since the Wednesday upgrade with 465,940 Ether deposited, according todatafrom Token Unlocks.\n• Ether edged down 0.88% in the past 24 hours to change hands at US$2,080, but rose 8.24% in the past seven days, according todatafrom CoinMarketCap. Bitcoin fell 1.73% in the last 24 hours to trade at US$29,464, logging a 2.1% weekly drop.\nSee related article:Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits', 'Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain\x92s milestone upgrade last week, according to a report from European cryptocurrency investment firm CoinShares. See related article: Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement Fast facts Total investment in digital asset products reached US$114 million last week, with\xa0Bitcoin getting the lion\x92s share of US$104 million, according to the report. It was the fourth week in a row of inflows. \x93This four-week run of inflows now total US$345 million, almost fully correcting the prior six-week run of outflows that totalled US$408 million,\x94 the CoinShares report said. \x93We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges.\x94 Developers of the Ethereum blockchain on April 12 updated the network with new features including allowing the withdrawal of staked Ether. Such tokens were deposited to support the operations of the Ethereum blockchain, the world\x92s second-biggest, in return for a passive income, usually in the form of more tokens. However, data from on-chain analysis company CryptoQuant showed during the period between April 13 and 17, cryptocurrency exchanges saw a net inflow of about 131,395 Ether (US$273.3 million), compared to the more than 1.46 million Ether in total transferred to the exchanges, a move typically indicating selling intention from crypto holders. Analysts at crypto research firm Kaiko said on Monday that the ETH-USD pair on crypto exchange Coinbase has seen more sell orders than buys since the upgrade. As of Tuesday noon in Hong Kong, around 1.06 million Ether have been withdrawn since the Wednesday upgrade with 465,940 Ether deposited, according to data from Token Unlocks. Ether edged down 0.88% in the past 24 hours to change hands at US$2,080, but rose 8.24% in the past seven days, according to data from CoinMarketCap. Bitcoin fell 1.73% in the last 24 hours to trade at US$29,464, logging a 2.1% weekly drop. See related article: Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits View comments', 'Miller Value Partners , an investment management company, released its “Income Strategy” first-quarter 2023 investor letter. A copy of the same can be downloaded here . In the first quarter, the strategy returned -3.51% net of fees compared to a 3.72 % return for the ICE Bank of America High Yield Index and 7.50% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2023. Miller Value Partners Income Strategy highlighted stocks like MicroStrategy Incorporated (NASDAQ: MSTR ) in the first quarter 2023 investor letter. Headquartered in Tysons Corner, Virginia, MicroStrategy Incorporated (NASDAQ:MSTR) is an enterprise analytics software and services provider. On April 17, 2023, MicroStrategy Incorporated (NASDAQ:MSTR) stock closed at $313.03 per share. One-month return of MicroStrategy Incorporated (NASDAQ:MSTR) was 18.59%, and its shares lost 29.80% of their value over the last 52 weeks. MicroStrategy Incorporated (NASDAQ:MSTR) has a market capitalization of $4.05 billion. Miller Value Partners Income Strategy made the following comment about MicroStrategy Incorporated (NASDAQ:MSTR) in its Q1 2023 investor letter: " MicroStrategy Incorporated (NASDAQ:MSTR) 0.75% 12/15/2025 rose in sympathy with Bitcoin’s 71.7% gain during the first quarter. The company reported 4Q22 revenue of $132.6MM, -1.5% Y/Y (+4.1% on constant currency basis), ahead of consensus of $131.0MM, and an adjusted loss from operations of -$176.7MM, compared to a 4Q21 adjusted loss of -$124.3MM. During the quarter, MicroStrategy’s subsidiary, Macrostrategy, voluntarily paid off a $205MM loan to Silvergate Bank with a 22% discount after the bank filed for liquidation earlier this year. Additionally, MicroStrategy reported that it purchased another ~6.5K bitcoin for ~$150MM in cash, at an average price of $23.2K per token, bringing the company’s total holdings to ~139.0K bitcoin as of 3/23/23, which is worth approximately $3.95B based on a bitcoin price of ~$28.4K as of 3/31/23." Story continues Top 10 High Growth Stocks To Buy abstract, background, blue, blur, blurred, blurry, bokeh, building, business, businessman, cell phone, cellphone, chart, city, cloud, cloud computing, computer, computing, concept, defocus, display, filter, filtered, flow, graphic, hand, icon, illustration, internet, laptop, light, mail, media, men, mobile, network, networking, night, pc, people, phone, point, pointing, positive, shiny, smart phone, tablet, tech, technology, touch Copyright: melpomen / 123RF Stock Photo MicroStrategy Incorporated (NASDAQ:MSTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds . As per our database, 18 hedge fund portfolios held MicroStrategy Incorporated (NASDAQ:MSTR) at the end of the fourth quarter which was 15 in the previous quarter. We discussed MicroStrategy Incorporated (NASDAQ:MSTR) in another article and shared the list of most profitable cryptocurrency stocks. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors. Suggested Articles: 10 Best FAANG Stocks To Buy Now 30 Most Visited Cities by American Tourists 20 Biggest Real Estate Companies in USA Disclosure: None. This article is originally published at Insider Monkey .', 'CoinShares International Limited 18 April 2023 \| SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited (" CoinShares " or the " Company ") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group by AUM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30\xa0 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022. The Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company. The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level): Date Number of shares acquired Lowest price paid (SEK) Highest price paid (SEK) Volume weighted average (SEK) 11 April 2023 13 36.15 36.15 36.15 12 April 2023 271 37.10 37.10 37.10 14 April 2023 3,170 38.30 38.65 38.54 17 April 2023 3,175 35.70 36.60 36.13 6,629 All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company\'s holding of own shares as of 18 April 2023 amounts to 531,871 shares. The total number of shares in CoinShares amounts to 68,135,425. For a full break-down of repurchases made, please refer to the attached announcement. About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading groupby AUM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. Story continues For more information on CoinShares, please visit: https://coinshares.com Company\xa0\| +44 (0)1534 513 100 \| [email protected] Investor Relations \| +44 (0)1534 513 100 \| [email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 18 April 2023. Attachment 20230418 - Appendix to press release - share buy-back', '18 April 2023 \| SAINT HELIER, Jersey- As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group by AUM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30\xa0 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.\nThe Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company.\nThe share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").\nThe Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):\n[{"Date": "11 April 2023", "Number of shares acquired": "13", "Lowest price paid (SEK)": "36.15", "Highest price p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $583,650,468,144 - Hash Rate: 395165270.4199787 - Transaction Count: 312522.0 - Unique Addresses: 680093.0 Social & AI Sentiment: - Fear & Greed Index: 0.58 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Toronto, Ontario--(Newsfile Corp. - April 13, 2023) - P2Earn Inc (CSE: PXE) (FSE: WH4) ("P2Earn" or the "Company") is pleased to announce that Alex Lineton, currently Operations head at the Company, will be taking over the role as Chief Executive Officer with immediate effect. Mr. Lineton is a seasoned entrepreneur and an expert in Web3 gaming. He started Bitcoin mining nearly 6 years ago and moved into Play-2-Earn gaming back in 2021, creating the Jellyworks Gaming Guild. The Company acquired Jellyworks Inc. in November of 2022 and Mr. Lineton is ideally placed to lead the future development of the Company's strategy. Mr. Lineton stated, "It is an honor to be asked to lead the Company at such an exciting time. The future of the Internet is Web3, and Play-2-Earn gaming is the best single usage case I have seen to date. By combining gaming with the ability for players to earn an income, we are on the cutting edge of the new economy. Not only is this a winning combination, but I look forward to assisting the Company to a size and scale that positions it as one of, if not the number one Gaming Guild." Jesse Dylan, Chairman of the Board of Directors at P2Earn Inc, added, "We would like to take this opportunity to thank the outgoing Chief Executive Officer, Mr. Bradley, for his exceptional contribution to the Company. As a world-class technologist, we are delighted that Mr. Bradley has agreed to continue to work with the Company, the technology team, and the staff on a consultancy basis as they build out the P2Earn Gaming Guild." An amended offering document (the "Offering Document") relating to the Company's previously announced private placement (the "LIFE Offering") (see news release dated ‎March 29, 2023) addressing this change can be accessed under the Company's profiles atwww.sedar.com;www.cse.comand on the Company's website athttps://p2earn.io. Prospective investors should read the amended Offering Document before making an investment decision. Due to Mr. Lineton's appointment, the Company has also extended the closing date of the LIFE Offering from April 21, 2023 to April 30, 2023. ‎All other terms of the LIFE Offering remain the same. About P2Earn Inc. P2Earn Inc. is a publicly traded company that provides comprehensive solutions for the rapidly-evolving blockchain gaming and cryptocurrency sectors. P2Earn operates an efficient Bitcoin mining operation powered by sustainable energy sources. Our cutting-edge blockchain gaming platform enables players to gain tangible value from their in-game accomplishments and activities, leveraging unique digital assets (NFTs) that can be sold, purchased, and traded like physical assets. P2Earn is committed to building a sustainable blockchain gaming ecosystem, while also making Play-to-Earn gaming more accessible to a wider audience. For further information contact: Eugene Valaitis, Director(214)-864-5958 P2EARN INC. First Canadian Place100 King Street West, Suite 5600Toronto, Ontario M5X1C9Tel: 214-864-5958https://p2earncorporate.iohttps://discord.gg/p2earn Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information, including but not limited to completion of the Life Offering, if it is to complete at all; the terms of the LIFE Offering; all benefits synergies stemming from Mr. Lineton's past experiences in his new roles as CEO; any potential for players to earn an income on the gaming guild; the ability to scale up the Company's operations; and future uptake and develop of Web3 in general. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation, credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and economic conditions in the regions in which the Company operates; the ability of the Company to execute on key priorities, including the successful completion of acquisitions, business retention, and strategic plans and to attract, develop and retain key executives; difficulty integrating newly acquired businesses; the ability to implement business strategies and pursue business opportunities; disruptions in or attacks (including cyberattacks) on the Company's information technology, internet, network access or other voice or data communications systems or services; the evolution of various types of fraud or other criminal behavior to which the Company is exposed; the failure of third parties to comply with their obligations to the Company or its affiliates; the impact of new and changes to, or application of, current laws and regulations; decline of reimbursement rates; a novel business model; dependence on key suppliers; the overall difficult litigation environment; increased competition; increased funding costs and market volatility due to market illiquidity and competition for funding; the availability of funds and resources to pursue operations; critical accounting estimates and changes to accounting standards, policies, and methods used by the Company; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available atwww.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. The CSE has not reviewed, approved, or disapproved the content of this press release. To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/162302... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin regained its perch above $30K, but its rally stalled; ether hovers near $2,100. Insights: Longer-term narratives, such as bitcoin\'s recent store-of-value story matter but price depends on traders\' shorter-range, often fickle sentiments. Prices CoinDesk Market Index (CMI) 1,323 +30.4 ▲ 2.3% Bitcoin (BTC) $30,341 +959.4 ▲ 3.3% Ethereum (ETH) $2,100 +25.0 ▲ 1.2% S&P 500 4,154.87 +3.6 ▲ 0.1% Gold $2,018 +23.7 ▲ 1.2% Nikkei 225 28,658.83 +144.1 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,323 +30.4 ▲ 2.3% Bitcoin (BTC) $30,341 +959.4 ▲ 3.3% Ethereum (ETH) $2,100 +25.0 ▲ 1.2% S&P 500 4,154.87 +3.6 ▲ 0.1% Gold $2,018 +23.7 ▲ 1.2% Nikkei 225 28,658.83 +144.1 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Rises Over $30K and Then Pauses Crypto markets started promisingly on Tuesday, with bitcoin re-establishing its foothold above the psychologically important $30,000 threshold. But the BTC rally stalled around $30,300 by midday, and the largest cryptocurrency by market cap was up just 3.3% over the past 24 hours. Bitcoin had dipped as low as about $29,100 on Monday before rebounding, as investors seemed to regain some of their prior zest for assets that hold value even as concerns about the banking industry have faded. In an interview with CoinDesk TV\'s "First Mover" program, Kaiko senior research analyst Dessislava Aubert called the current rally "macro driven" and said that its ongoing strength would depend on liquidity. The rally "started with the [U.S. Federal Reserve] providing emergency liquidity to banks in the United States," Aubert said. "So definitely, liquidity is playing a huge role." She added: "We have seen that markets are expecting great cuts in the second half of the year. So there is still a lot of uncertainty around whether this will be the case or not. Ultimately, it will depend on how U.S. monetary policy turns out." Story continues Ether climbed above $2,100 for the second time in three days before dipping below the threshold and then rising again. The second-largest crypto by market capitalization was recently changing hands at about $2,100, up about 1.5%. A post-Ethereum Shanghai upgrade sell-off has yet to materialize. Other major cryptos were solidly green, with ICP, the token of blockchain-based, smart contracts platform Internet Computer, recently rising 15% to trade at about $6.80. XRP, the native crypto of the blockchain-based, payments-focused platform XRP ledger, was up more than 3%. The CoinDesk Market Index , which measures the performance of the overall crypto market, was recently up 2.7% and in significant uptrend territory on a one to five scale. Equity indexes spent the day largely running in place as the Dow Jones Industrial Average (DJIA), tech-heavy Nasdaq Composite and S&P 500 were all within a few fractions of a percentage point of where they stood at the close of trading Monday. Gold ticked upward to $2,017, but was still down from its near record highs of last week when assets that held value were in vogue. The yield on two- and 10-year Treasury edged up slightly but last week\'s surge has stalled. In an email to CoinDesk, Anthony Georgiades, co-founder of Pastel Network, a decentralized blockchain for non-fungible tokens (NFT), cryptos and Web3 technology, attributed bitcoin\'s plunge under $30,000 to "converging elements," particularly the looming prospect of an inflation-focused Fed continuing its diet of hawkish interest rate hikes. But he also noted a loss of public confidence in the dollar and banking system. "People ... are seeking a decentralized safe haven asset that is an inflation hedge," he said. He added: "There are also macroeconomic conditions to consider. With an easing [consumer price index] and recessionary signals, the market seems to be pricing in potentially dovish Fed policies, which could lead to a risk-on craze. Bitcoin has found itself in somewhat of a paradoxical environment, and there may be price fluctuation to weather until the Fed’s short and medium-term monetary policies become clearer." Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +5.3% Computing Gala GALA +4.4% Entertainment Terra LUNA +3.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −0.6% Smart Contract Platform Decentraland MANA −0.5% Entertainment Insights Bitcoin’s \'Store-of-Value\' Narrative Is Real but Not a Price Mover Markets are noisy, chaotic things that we human beings instinctively try to imbue with order and reason. This generally involves searching for explanations as to why prices are trending up or down or what triggered a sharp move. Often there is an obvious explanation – an earnings surprise or an unexpected corporate action. Sometimes the cause isn\'t so easy to see – flows of funds, an evolving user base, steady product development and so on. Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. With bitcoin ( BTC ), it’s even harder to discern what is driving sentiment shifts at any given time because it doesn’t have earnings, there are no corporate actions, regulation isn’t the threat it is for some other crypto assets and the narratives are multiple and varied. There isn’t even universal agreement as to what bitcoin is, let alone what drives its price. But our search for reason amid chaos encourages us to latch on to something that makes sense, and if it is a narrative that justifies our interest while highlighting a timely concept, then so much the better. Store of value One phrase we’re hearing a lot of these days is “store of value.” It tends to mean different things to different people, but in general, it refers to an asset that holds its value relative to a broad basket of other assets over a long stretch of time. In spite of its short-term price volatility and sharp bear markets, bitcoin is a store of value because it is the only asset traded on liquid exchanges today with a programmatic and verifiable hard cap. With other “hard assets” (those with limited supply) such as gold, diamonds or real estate, we don’t know the supply cap, nor do we know how much is currently in existence. Plus, with other “hard assets,” the price influences the potential supply. For instance, if gold were to surge from $2,000 to $20,000 per ounce, new extraction methods would become viable, boosting the theoretical cap. Bitcoin is the only asset traded on liquid exchanges for which the price has no influence whatsoever on the supply. It is the hardest of hard assets. What’s more, the supply of its most common denominator – the U.S. dollar – has been increasing over the decades, and more recently at an astonishing pace. We are likely about to embark on another wave of monetary easing, involving lower interest rates and the incentivization of credit to overcome declining economic growth and consumption. An increase in the supply of USD above what economic growth can absorb will – all other things being equal – decrease its value relative to other assets, and following basic math, if the value of the denominator drops, that of the ratio increases. Bitcoin is a store of value and a hedge against currency debasement. Read the full story here : Important events 12:30 p.m. HKT/SGT(4:30 UTC) Japan Industrial Production (YoY/Feb) 2:00 p.m. HKT/SGT(6:00 UTC) Great Britain Consumer Price Index (YoY/Mar) 6:45 a.m. HKT/SGT(22:45 UTC) New Zealand Consumer Price Index (YoY/Q1) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase CEO Leaves Door Open to Relocating; Bitcoin Reclaims $30K Coinbase CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Jason Gottlieb, Morrison Cohen LLP partner and chair of the firm\'s digital assets department, weighed in. Plus, Kaiko senior research analyst Dessislava Aubert broke down XRP\'s rally in the last month. And, Arkham Intelligence is one of CoinDesk’s Projects to Watch 2023. Arkham founder and CEO Miguel Morel joined the conversation. Headlines Ethereum Unstaking Requests Now Face About a 17-Day Wait : The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade. Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade : The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator. Developers Stay Resilient Through Harsh Crypto Winter, Report Says : According to Alchemy’s Q1 2023 "Developer Report," Ethereum SDK installations reached an average of 1.9 million installs per week, a 47% year-over-year increase. The Biggest Crypto Bull Cycle Is Upon Us: Bernstein : Macro catalysts are lining up for bitcoin, a new report from the brokerage firm said.', 'Binance set hares running in July last year when it announced the launch of zero-fee trading for Bitcoin spot pairs. Coinbase\x92s share price fell nearly 10% on the news as the crypto world pondered whether the race to the bottom had just got underway. Fast forward nine months, and Binance has dropped most of its zero-fee trading. Some exchanges might see this as an opportunity to pick up where Binance left off in a race to grab more market share. Further experimentation with zero-fee models, however, is ill-advised and certainly not where we want to be heading as an industry. Eliminating fees to boost trading volumes has to be avoided if we are to build a thriving, robust and sustainable crypto ecosystem. Without fees, we are potentially breeding an environment devoid of transparency, creating a much murkier world of revenue generation. This puts customers at risk, further erodes trust in crypto assets, and could ultimately undermine the potential of the digital assets space as a viable alternative to centralized fractional banking. If not fees, then what? It\x92s no secret that transaction fees are big business for crypto exchanges. All those fraction-of-a-percent fees add up to billions of dollars in global revenue. If you then take away that fundamental revenue source, what happens? How do exchanges make up the shortfall and stay in business? There are legitimate answers to that question. Coinbase, for instance, has gone to great efforts to diversify its business model so it does not need to rely as heavily on its exchange-driven revenue. The truth is, however, for exchanges with less-diversified business models, zero fees create an environment for them to be much less transparent about how they\x92re making money, and almost certainly encourage more risk-taking. As transparency evaporates, regulatory interest grows. Online brokerage Robinhood found itself on the wrong side of the U.S. Securities and Exchange Commission in December 2020 when it was fined US$65 million for misleading customers about how it generated revenue from its trades. Story continues With anti-crypto sentiment on the rise in the U.S., regulators are likely to take an even greater interest in any crypto players deemed to be failing their customers with a lack of transparency. This could have huge ramifications for the sector, which is already facing an uncertain future in the U.S. Poor customer outcomes Eliminating transaction fees puts exchanges under pressure to generate revenue by any means possible. This can lead to exchanges taking on excessive levels of risk to make ends meet. Customers are the ones who ultimately pay the price for such disproportionate risk-taking. Should exchanges miscalculate, everyday investors can be totally wiped out, leaving them without their life savings or any way to recoup their losses. Even when exchanges are avoiding excessive risk-taking, users who aren\x92t paying transaction fees are still more likely to suffer. Exchanges with lower revenues may well under-invest in their platforms, resulting in a poorer user experience. They may well also cut corners on security measures, leaving user data and funds vulnerable to malicious actors. This is clearly not the path we should be taking. Exchanges play a specific role in offering an accessible avenue for everyday people and large institutions alike to gain exposure to crypto assets. Rather than drawing in the masses with discounts and essentially paying for retention, focusing on providing quality, trustworthy and innovative products and services must be the main driver of growth. Safeguarding integrity Crypto now finds itself at an interesting juncture. Having been born out of the 2008 global financial crisis in the form of Bitcoin as a better, more trusted alternative to the status quo, the larger crypto ecosystem has developed remarkably but has also faced its own crises. Recent high-profile failures \x97 including TerraUSD and FTX \x97 have eroded trust in crypto. At the same time, we currently find ourselves in yet another existential TradFi banking crisis. This is a moment of incredible opportunity for the crypto sector, but one not without risk. It\x92s incumbent on the industry to rapidly deliver the original ideals of crypto being a fairer, more transparent and trusted financial system. Part of how we do that is by creating excellent products and services that are honest about how they are making money. For much of the investing public, exchanges are the gateway into the world of crypto, meaning they have a particularly important role to play. Keeping transaction fees in place gives them a much stronger footing to develop top-quality platforms without having to rely on questionable and overtly risky tactics. This is what keeps the sector from following the same pathway as traditional finance, where a heavy reliance on fractional banking is the norm. Part of crypto\x92s ethos of driving financial inclusion and decentralizing finance is to offer cheaper and borderless payments on layer-1 protocols such as Bitcoin. But when it comes to exchanges, it\x92s also about offering users a convenient, secure and reliable tool for day-to-day finance. This is simply not possible without fees.', 'Binance set hares running in July last year when it announced the launch ofzero-fee tradingfor Bitcoin spot pairs. Coinbase’s share price fell nearly 10% on the news as the crypto world pondered whether the race to the bottom had just got underway.\nFast forward nine months, and Binance hasdroppedmost of its zero-fee trading. Some exchanges might see this as an opportunity to pick up where Binance left off in a race to grab more market share. Further experimentation with zero-fee models, however, is ill-advised and certainly not where we want to be heading as an industry.\nEliminating fees to boost trading volumes has to be avoided if we are to build a thriving, robust and sustainable crypto ecosystem. Without fees, we are potentially breeding an environment devoid of transparency, creating a much murkier world of revenue generation. This puts customers at risk, further erodes trust in crypto assets, and could ultimately undermine the potential of the digital assets space as a viable alternative to centralized fractional banking.\nIt’s no secret that transaction fees are big business for crypto exchanges. All those fraction-of-a-percent fees add up to billions of dollars in global revenue.\nIf you then take away that fundamental revenue source, what happens? How do exchanges make up the shortfall and stay in business?\nThere are legitimate answers to that question. Coinbase, for instance, has gone to great efforts to diversify its business model so it does not need to rely as heavily on its exchange-driven revenue. The truth is, however, for exchanges with less-diversified business models, zero fees create an environment for them to be much less transparent about how they’re making money, and almost certainly encourage more risk-taking.\nAs transparency evaporates, regulatory interest grows. Online brokerage Robinhood found itself on the wrong side of the U.S. Securities and Exchange Commission in December 2020 when it wasfined US$65 millionfor misleading customers about how it generated revenue from its trades.\nWith anti-crypto sentiment on the rise in the U.S., regulators are likely to take an even greater interest in any crypto players deemed to be failing their customers with a lack of transparency. This could have huge ramifications for the sector, which is already facing an uncertain future in the U.S.\nEliminating transaction fees puts exchanges under pressure to generate revenue by any means possible. This can lead to exchanges taking on excessive levels of risk to make ends meet.\nCustomers are the ones who ultimately pay the price for such disproportionate risk-taking. Should exchanges miscalculate, everyday investors can be totally wiped out, leaving them without their life savings or any way to recoup their losses.\nEven when exchanges are avoiding excessive risk-taking, users who aren’t paying transaction fees are still more likely to suffer. Exchanges with lower revenues may well under-invest in their platforms, resulting in a poorer user experience. They may well also cut corners on security measures, leaving user data and funds vulnerable to malicious actors.\nThis is clearly not the path we should be taking. Exchanges play a specific role in offering an accessible avenue for everyday people and large institutions alike to gain exposure to crypto assets. Rather than drawing in the masses with discounts and essentially paying for retention, focusing on providing quality, trustworthy and innovative products and services must be the main driver of growth.\nCrypto now finds itself at an interesting juncture. Having beenborn out of the 2008 global financial crisis in the form of Bitcoinas a better, more trusted alternative to the status quo, the larger crypto ecosystem has developed remarkably but has also faced its own crises. Recent high-profile failures — includingTerraUSDandFTX— have eroded trust in crypto. At the same time, we currently find ourselves in yet another existential TradFi banking crisis. This is a moment of incredible opportunity for the crypto sector, but one not without risk.\nIt’s incumbent on the industry to rapidly deliver the original ideals of crypto being a fairer, more transparent and trusted financial system. Part of how we do that is by creating excellent products and services that are honest about how they are making money.\nFor much of the investing public, exchanges are the gateway into the world of crypto, meaning they have a particularly important role to play. Keeping transaction fees in place gives them a much stronger footing to develop top-quality platforms without having to rely on questionable and overtly risky tactics. This is what keeps the sector from following the same pathway as traditional finance, where a heavy reliance on fractional banking is the norm.\nPart of crypto’s ethos of driving financial inclusion and decentralizing finance is to offer cheaper and borderless payments on layer-1 protocols such as Bitcoin. But when it comes to exchanges, it’s also about offering users a convenient, secure and reliable tool for day-to-day finance. This is simply not possible without fees.', 'Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over the fines and lawsuits he has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday. See related article: SEC\x92s Gary Gensler dodges question on whether Ethereum is a security Fast facts Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according to CoinMarketCap data . Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world\x92s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year. Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world\x92s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis company CryptoQuant showed a slump in Ethereum-related purchases on crypto exchanges after the blockchain\x92s Shanghai upgrade on April 13. Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week. In the Congressional hearing on Tuesday, the SEC\x92s Gensler said in prepared testimony that \x93the vast majority of crypto tokens are securities\x94 but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee. Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in a letter on the SEC\x92s approach to digital assets, which said \x93the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms\x92 activities do not involve an offering of securities,\x94 and \x93the only entity to blame for the lack of registrants is the SEC itself.\x94 XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. The SEC filed a lawsuit in December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year. The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion. In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The average sales price of NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs. U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%. The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve President Raphael Bostic and St. Louis Fed President James Bullard said in separate interviews they envisioned interest rate hikes to continue in 2023. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday. See related article: U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', "Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020 Lucas Jackson/Reuters Stocks traded mixed on Tuesday as investors digested the wave of earnings reports from big firms. Markets initially saw a boost over strong economic growth in China, but reversed gains midday. Investors are awaiting another wave of results from big firms including Netflix and Tesla. US stocks were mixed on Tuesday as investors digested earnings reports from big corporations. Stocks trended higher in the morning, boosted by strong economic growth in China , but reversed gains later in the day, with the Dow Jones Industrial Average and Nasdaq Composite ending slightly down slightly. Though Bank of America and Johnson & Johnson beat earnings expectations, Goldman Sachs missed analysts' revenue estimates, sending its stock lower by over 1%. The bank said lost $470 million on the sale of some of its consumer loan portfolio. Investors were awaiting more earnings figures from big firms like Netflix, United Airlines and Western Alliance, which are all expected release their financials Wednesday morning. Here's where US indexes stood shortly after the 4:00 p.m. ET close on Tuesday: S&P 500 : 4,154.76, up 0.08% Dow Jones Industrial Average : 33,976.53, down 0.03% (10.55 points) Nasdaq Composite : 12,153.41, down 0.04% Here's what else is happening today: A single order from Elon Musk's Tesla boosted one family's fortune to over $800 million. Ray Dalio says fewer countries want to hold onto the dollar as China's trade grows and Russian sanctions expose new risks. Banking turmoil could be revived if credit conditions keep tightening, Morgan Stanley's chief bond strategist says. Stocks are unlikely to retest bear market lows , and there's too much pessimism about the US economy, Ed Yardeni said. Stocks could tumble at least 15% even in a mild recession, JPMorgan's quant guru said. US firms may be unknowingly helping Russia evade the oil price cap, according to the US Treasury. Rents just fell to their lowest level in order a year, according to recent Redfin data. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil was nearly flat at $80.81 per barrel. Brent crude , oil's international benchmark, slipped 0.07% to $84.70 a barrel. Gold rose 0.53% to $2,017.80 per ounce. The 10-year Treasury yield ticked lower to 3.574%. Bitcoin rose 2.05% to $30,168.94. Read the original article on Business Insider", '(Bloomberg) -- Gogoro Inc., a Taipei-based company whose battery-swapping stations serve electric moped drivers across Taiwan, said on Tuesday that it has converted roughly 20% of those stations into “virtual power plants” capable of sending spare electricity back to the grid. Most Read from Bloomberg Bud Light Takes the Cowardly Way Out Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000 US Public Sours on a Biden-Trump Election Rematch in 2024 Since it was founded in 2015, Gogoro has opened more than 12,000 stations with batteries that can be changed out on the fly, giving drivers of electric mopeds and three-wheelers the ability to add dozens of miles of range without losing time on charging. The company says it has more than 500,000 monthly active users, and over 260 swaps taking place on its network every minute. Some 2,500 Gogoro stations have been converted into VPPs capable of storing up to 150 megawatt hours of electricity collectively — enough, it says, to power 500 local households for a month. “The Gogoro community is contributing to Taiwan’s net-zero targets by helping to integrate more variable power generation resources onto the grid,” Gogoro founder and Chief Executive Officer Horace Luke said in a statement. Roughly 80% of Taiwan’s power supply relies on fossil fuels, but the self-governing island has pledged to zero out its greenhouse gas emissions before 2050. By tapping into the power of its parked batteries, Gogoro joins a growing number of companies exploring virtual power plants, which can help utilities avoid blackouts during periods of high demand and reduce the need for electricity generated by fossil fuels. Additionally, companies selling excess power back to the grid through VPPs can realize a new revenue stream. Under the same announcement, Gogoro said it will participate in a program introduced by Taiwan Power Corporation under which the company’s battery-swapping stations would temporarily disconnect from grids if there is critical energy demand elsewhere. (They can still operate for up to 65 hours powered by their own batteries.) The utility pays a premium for companies to participate in the program, which helps ensure overall grid stability. Story continues Read More: One-Minute Battery Swaps Spur EV Adoption in Asia As power grids around the world continue to buckle under the pressures of extreme weather, more VPPs will be needed. An acute example occurred in 2021 in Texas, when a frigid winter storm sent electricity demand soaring while also hampering power production from fossil fuels, wind and nuclear plants. The resulting grid failure left millions without power. Adding more renewable energy to the mix will also require solutions for absorbing excess power during particularly windy days, for example, or doling out stored energy when clouds lower solar output. The global market for VPPs hit $1.9 billion last year, according to consultancy The Business Research Company, and the industry is on track to grow more than 20% in 2023. That potential has already lured electric vehicle giants: Tesla Inc. is turning some houses in Texas that use its home batteries into VPPs, while Nio, a leading EV manufacturer in China, is touting its own battery-swapping stations as a source of power supply and storage. Last summer, when the country was hit by scorching temperatures that evaporated hydropower, Nio’s more than 100 swapping stations were able to step in. (Corrects to clarify that Gogoro’s VPPs don’t stop working if they stop drawing power from the electrical grid.) Most Read from Bloomberg Businessweek TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War Peak Gas Has Passed, and Higher Prices Might Be Next The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe ©2023 Bloomberg L.P.', 'Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over thefines and lawsuitshe has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday.\nSee related article:SEC’s Gary Gensler dodges question on whether Ethereum is a security\n• Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world’s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year.\n• Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world’s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis companyCryptoQuantshowed a slump inEthereum-related purchases on crypto exchangesafter the blockchain’s Shanghai upgrade on April 13.\n• Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week.\n• In the Congressionalhearingon Tuesday, the SEC’s Gensler said in preparedtestimonythat “the vast majority of crypto tokens are securities” but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee.\n• Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in aletteron the SEC’s approach to digital assets, which said “the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms’ activities do not involve an offering of securities,” and “the only entity to blame for the lack of registrants is the SEC itself.”\n• XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. TheSEC filed a lawsuitin December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year.\n• The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion.\n• In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• Theaverage sales priceof NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs.\n• U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%.\n• The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid in separate interviews they envisioned interest rate hikes to continue in 2023.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', 'Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over thefines and lawsuitshe has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday.\nSee related article:SEC’s Gary Gensler dodges question on whether Ethereum is a security\n• Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world’s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year.\n• Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world’s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis companyCryptoQuantshowed a slump inEthereum-related purchases on crypto exchangesafter the blockchain’s Shanghai upgrade on April 13.\n• Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week.\n• In the Congressionalhearingon Tuesday, the SEC’s Gensler said in preparedtestimonythat “the vast majority of crypto tokens are securities” but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee.\n• Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in aletteron the SEC’s approach to digital assets, which said “the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms’ activities do not involve an offering of securities,” and “the only entity to blame for the lack of registrants is the SEC itself.”\n• XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. TheSEC filed a lawsuitin December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year.\n• The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion.\n• In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• Theaverage sales priceof NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs.\n• U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%.\n• The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid in separate interviews they envisioned interest rate hikes to continue in 2023.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday.\nSee related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing', '(Bloomberg) -- GoTo Group has ended talks to raise funds through a $500 million convertible bond issue, abandoning months of negotiations as it focuses its attention on hitting profitability targets.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\n• Macron’s Push to Get China’s Help on Ukraine Is Unraveling Fast\nHaving already downscaled its ambitions from $1 billion, the Jakarta-based company has called off talks with potential investors, according to people familiar with the matter. Companies that GoTo had been in discussions with included BlackRock Inc., private equity firm PAG and the World Bank’s International Finance Corp., the people said.\nEarly-stage talks with the companies were still active this year, as GoTo lowered the amount it sought amid muted investor interest and reduced funding needs, said the people, who asked not to be identified because the information is private. BlackRock was among investors who passed on the deal, the people said.\nThe Indonesian ride-hailing and e-commerce provider eventually decided against the debt sale also because it was concerned it would send a conflicting message to investors, the people said. GoTo had told investors its cash and cash equivalents — at 29 trillion rupiah ($2 billion) at the end of 2022 — was “sufficient to reach positive operating cash flow without any additional external funding.”\nA GoTo spokesperson declined to comment on the fundraising, but said the company has made progress toward profitability. PAG also declined to comment, while BlackRock didn’t respond to a query seeking comment.\nThe scuppered deal marks an unusual about-face for GoTo, which has largely depended on external investments to fund its money-losing operations.\nAfter enjoying years of cheap capital, GoTo — and its Southeast Asian internet peers Grab Holdings Ltd. and Sea Ltd. — are balancing the effects of taking on debt in an era of rising interest rates. Grab in March said it prepaid $600 million in debt ahead of a 2026 maturity, while Sea repurchased about $800 million of convertible senior notes due 2026.\nLike its regional peers, GoTo is trying to convince investors of its profit-making potential after its shares lost more than 70% since its initial public offering in Jakarta last year.\nFormed through a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, the company cut 600 jobs last month, adding to the 1,300 positions it axed in 2022. The company said the reductions helped it lower monthly fixed expenses by about 20% in January and February of this year, and it’s also slashed marketing spending. In February, it brought forward its profitability targets by a year.\nThe cost reductions are easing pressure on GoTo’s finances, with its cash now set to last 10-12 quarters, said Nathan Naidu, an analyst at Bloomberg Intelligence. That’s up from five quarters previously, and compares with 17 quarters at Grab and 21 at Sea, according to Naidu.\nGoTo’s reduced cash burn means the company has a potential path to be sustainable without the need for external funding, Mark Goodridge, an analyst at Morgan Stanley, said in a March 20 note.\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- GoTo Group has ended talks to raise funds through a $500 million convertible bond issue, abandoning months of negotiations as it focuses its attention on hitting profitability targets. Most Read from Bloomberg Bud Light Takes the Cowardly Way Out Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign Bitcoin \x91Halving\x92 Due Next Year Spurs Predictions of Rally in Token Past $50,000 US Public Sours on a Biden-Trump Election Rematch in 2024 Macron\x92s Push to Get China\x92s Help on Ukraine Is Unraveling Fast Having already downscaled its ambitions from $1 billion, the Jakarta-based company has called off talks with potential investors, according to people familiar with the matter. Companies that GoTo had been in discussions with included BlackRock Inc., private equity firm PAG and the World Bank\x92s International Finance Corp., the people said. Early-stage talks with the companies were still active this year, as GoTo lowered the amount it sought amid muted investor interest and reduced funding needs, said the people, who asked not to be identified because the information is private. BlackRock was among investors who passed on the deal, the people said. The Indonesian ride-hailing and e-commerce provider eventually decided against the debt sale also because it was concerned it would send a conflicting message to investors, the people said. GoTo had told investors its cash and cash equivalents \x97 at 29 trillion rupiah ($2 billion) at the end of 2022 \x97 was \x93sufficient to reach positive operating cash flow without any additional external funding.\x94 A GoTo spokesperson declined to comment on the fundraising, but said the company has made progress toward profitability. PAG also declined to comment, while BlackRock didn\x92t respond to a query seeking comment. The scuppered deal marks an unusual about-face for GoTo, which has largely depended on external investments to fund its money-losing operations. After enjoying years of cheap capital, GoTo \x97 and its Southeast Asian internet peers Grab Holdings Ltd. and Sea Ltd. \x97 are balancing the effects of taking on debt in an era of rising interest rates. Grab in March said it prepaid $600 million in debt ahead of a 2026 maturity, while Sea repurchased about $800 million of convertible senior notes due 2026. Story continues Like its regional peers, GoTo is trying to convince investors of its profit-making potential after its shares lost more than 70% since its initial public offering in Jakarta last year. Formed through a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, the company cut 600 jobs last month, adding to the 1,300 positions it axed in 2022. The company said the reductions helped it lower monthly fixed expenses by about 20% in January and February of this year, and it\x92s also slashed marketing spending. In February, it brought forward its profitability targets by a year. The cost reductions are easing pressure on GoTo\x92s finances, with its cash now set to last 10-12 quarters, said Nathan Naidu, an analyst at Bloomberg Intelligence. That\x92s up from five quarters previously, and compares with 17 quarters at Grab and 21 at Sea, according to Naidu. GoTo\x92s reduced cash burn means the company has a potential path to be sustainable without the need for external funding, Mark Goodridge, an analyst at Morgan Stanley, said in a March 20 note. Most Read from Bloomberg Businessweek TikTok\x92s Algorithm Keeps Pushing Suicide to Vulnerable Kids How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War Peak Gas Has Passed, and Higher Prices Might Be Next The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe ©2023 Bloomberg L.P.', 'Australia-based information services platformFindersaid it ran asurveyin April of 32 crypto industry specialists for views on the price outlook for Bitcoin in the coming decade. According to the average predictions for 2023, Bitcoin will hit a high of US$42,225, a low of US$17,026, and close the year at US$35,485.\nSee related article:Bitcoin reclaims US$30,000, Ether heads higher after SEC’s Gensler grilling; Polkadot leads winners\n• Bitcoin’s price will be closely related to developments in the banking industry, according to Ben Ritchie, director ofDigital Capital Management AU. “A shakeout in the banking industry could demonstrate Bitcoin’s ability to store value, offering an alternative investment option free from government and central bank controls,” he said. But the downside is dwindling liquidity and regulations that choke off access to banks for the crypto sector, he added.\n• The lack of confidence in the traditional banking system is seen as thebiggest factorbehind Bitcoin’s surge in March, which witnessed the collapses of three U.S. banks and the takeover of Switzerland’s Credit Suisse, according to the survey.\n• “Bitcoin has proven to be negatively correlated with the failure of traditional financial institutions. While the banks have collapsed, Bitcoin adoption is increasing amongst institutions and retail investors,” said Rishabh Gupta, director of crypto incubator and consulting companyTDeFi, who predicted Bitcoin to reach US$75,000 in 2023.\n• “Pension funds have started allocating 2-3% capital to Bitcoin and other digital assets.Post 2024 halving, Bitcoin supply will become more scarce leaving a positive impact on the price,” Gupta said.\n• Most of the survey’s respondents are bullish about the current trend in Bitcoin, with 52% saying now is a good time to buy, 32% saying good time to hold, and 16% seeing a sell opportunity.\n• However, 72% of those questioned said the collapse of crypto-friendly banks in the U.S. can hinder cryptocurrency adoption as U.S. digital asset firmsstruggle to find bank partners.\n• Finder’s survey predicts Bitcoin’s price will reach US$99,781 by 2025 and US$297,848 by 2030, which are 29% and 58% higher than the survey in January 2023.\n• “BTC will get quite significant capital inflows from institutional investors following the decrease in interest rates. At the same time, [the market] capitalization of BTC is still very small [and] new money will easily push the price up.” said Ilya Volkov, CEO of cryptocurrency exchange and lenderYouHodler.\n• Recent slowing economic indicators in the U.S. have added to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. Analysts atCMEgroup expect an 84.6% chance of a 25-basis-point increase in interest rates in May, followed by a rate cut by the end of 2023.\n• However, Atlanta Federal Reserve President Raphael Bostic said on Tuesday it was still too early to consider rate cuts given the stubbornly high inflation rate, according toCNBCon Tuesday. The inflation rate stands at around 5%, compared to the Fed’s target of 2%.\nSee related article:United A Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,877,108,656 - Hash Rate: 330891401.13480145 - Transaction Count: 301722.0 - Unique Addresses: 680099.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Corrects typo in paragraph 28, commercial not commerical) * World stocks up 6% after rollercoaster few months * Bond markets see huge swings between hope and fear * Banking turmoil evokes memory of crises past * Dollar slips whereas bitcoin roars back to form By Marc Jones LONDON, March 31 (Reuters) - From a red-hot January as China cast off COVID curbs to February's flop when interest rates surged and now a manic March of banking blow-ups - financial markets have had an action-packed start to the year even by recent standards. Totting up the first quarter scores shows world stocks with a healthy 6% gain, government bonds up 3%-5%, gold 8% higher, energy prices sliding and the dollar barely budged. Dig deeper though and the volatility soon emerges. Global shares zoomed up 10% in January only to lose it all by the time Silicon Valley Bank, a mid-sized U.S. lender few had even heard of, collapsed and then the 167-year-old Swiss behemoth Credit Suisse required rescuing. Equities are bouncing though now and U.S. and European government bond yields - the main drivers of global borrowing costs - are set for their biggest monthly drop since the global crash of 2008. "Within three months you have had three completely different stories," BofA analyst, David Hauner, said of the year so far. "January was an extremely strong start with China's reopening, but February we were back to pricing 6% Fed interest rates and the next thing has been the problems in the banking system." A key reason why asset prices have swung around so much is that market makers are unsure how big central banks will react now. Push on with rate hikes and tempt further banking sector troubles? Or press pause and risk more inflation? Two-year Treasury yields, which are highly sensitive to U.S. Federal Reserve moves, jumped from 4% to 5% in February, only to dive back to 3.5% when the SVB turmoil redrew the entire U.S. interest rate map. That hoisted U.S. bond volatility to its highest point since the 2008 meltdown. Europe too saw 2-year German yields arc from 2.5% to almost 3.5% and back, while changes at Japan's central bank have also been moving the dial. 'Big Tech' stocks crave low borrowing costs so they have roared up by a third. The Nasdaq is up 18%, China tech 22%, emerging market countries have sold record amounts of debt and commodity markets see recessions coming. "All the action has been in the bond markets," said SEB Investment Management's global head of asset allocation Hans Peterson, explaining the shifts had been hard to navigate. "The equity market has done impressively well considering." Story continues COCO POP The dollar's 1% dip is its weakest start to a year since 2018 and allowed Britain's pound and the euro to climb around 1.5%. Worldwide, Chile, Mexico, Hungary and Colombia's currencies have jumped the most - as much as 8% in Chile's case as its main export, copper, has also risen 7% as resource-hungry China has reopened and rebooted. Top of stocks in national terms is the Czech Republic with a 30% rise in dollar terms. Colombia is down 16% at the other end of the spectrum and India is down 8% having seen one of its biggest conglomerates, Adani, skewed by short sellers. Bitcoin beats the lot having surged 70%, including 40% in just 10 days during this month's SVB and Credit Suisse chaos. Banking sector woes have been kryptonite for financial stocks, however, as well as the risky breed of 'contingent convertible' (CoCo) bank bonds wiped out during Credit Suisse's rescue. The scare factor was that the bank's shareholders got some of their money back, which turned the normal hierarchy of bondholders before shareholders on its head and shattered trust in the specific 'AT1' type of CoCos that went pop. Other European banking authorities were so spooked they gave reassurances that they wouldn't do the same. CoCo debt is still down 15% however and insuring against a bank default now costs a lot more. "For the banks it was the most nervous situation we have seen for a while," SEB's Peterson said. DIRECTIONLESS A 42% drop in Europe's natural gas prices, a 9% fall in oil and 12% and 4% respective tumbles in wheat and corn have fed hopes of lower inflation despite the unrelenting war between producers Russia and Ukraine. Since late 2021, big developed economies including the United States, Europe and Australia have raised interest rates by almost 3,300 basis points collectively. So whether that surge halts this year remains pivotal for investors. It is crucial for many of the heavily-indebted developing world countries. Ghana has joined a record number of sovereigns in default this year and concerns are growing elsewhere too, including in U.S. commercial real estate markets. "A lot of people have been looking for direction where there hasn't really been any," Willem Sels, Global Chief Investment Officer at HSBC's Private Banking and Wealth arm said of the flip-flopping in both equity and bond prices. "It could well be that we are in a directionless but volatile market for the next quarter or two," he said, pinning Q3 or Q4 as the best hope for a sustained pick-up. (Reporting by Marc Jones; Editing by Christina Fincher) View comments... - Reddit Posts (Sample): [['u/Superb-Row5394', 'I fell for a job scam and I feel like an idiot', 676, '2023-04-19 00:12', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/', 'I’m a recent college graduate who has been getting more desperate for money it’s been getting harder recently so I’ve been applying everywhere I could. I got a job offer to be someone’s personal assistant it was a remote part time job so it seemed like something I could do in the mean time while looking for a job in my field, the dude was talking about how I could become an administrative assistant in a couple weeks if I my work was good they said they were going to buy equipment so I would be able to effectively work from home and provide virtual training so that I would understand the programs. This is where I feel INCREDIBLY stupid the person sent me a check to deposit using my mobile app so I could buy the equipment which I already thought was weird, I went ahead and did so and then they said I’d have to withdraw the money and deposit it into a bitcoin atm and then transfer the money to the vendor so I could get the equipment… I knew it was stupid as I was walking to my car with the money in hand…I knew it was stupid when I was depositing the money…I knew it was stupid when I was transferring the money to the “vendor”…but I still did it…when I got back home after all of that the person said I’d have to do it again tomorrow until the amount the check had was all transferred…I immediately went to my bank and asked them if I was being scammed then I was told to call a fraud number which I did and I filed a claim…I got scammed for $400 which I’m not getting back ._. Luckily I’m not bankrupt yet but it’s a serious dent in my wallet I feel like a complete idiot for recognizing the red flags and still going through with it just cause I was getting desperate', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/', '12r6frx', [['u/Hubbylord', 477, '2023-04-19 00:24', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt01cg/', "Hey, it's okay. It happens to many people. I've been scammed. If you can take the time and continue learning more, it'll be worth it. I got scammed for about $700. I learned to love this subreddit and learn from it, and you can too.\n\nBeware of !recovery scammers who say they can help get the money back.", '12r6frx'], ['u/Superb-Row5394', 167, '2023-04-19 00:28', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt0jnz/', 'Thank you for that I really really needed that type of reassurance at this moment nd ur completely right I’ll try to do just that\nLol Thank you for the warning I already had one recovery scammer message me xD', '12r6frx'], ['u/Hubbylord', 91, '2023-04-19 00:31', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt10i3/', "Just a personal tip on the job search. Make sure you have a good resume, have a couple people look at it. Then I recommend applying to a large amount of jobs. I am an Electrical Engineer and had to apply to 50-60 jobs before I got an offer. Some types of jobs are just on a tough market. Only respond to interviews for jobs that are in your field and you applied for. You got this. I graduated a year ago, it's tough, but you got this.", '12r6frx'], ['u/Match-Former', 47, '2023-04-19 00:37', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt1tdr/', "You're not an idiot. The people who prey on jobseekers are scum.", '12r6frx'], ['u/Superb-Row5394', 40, '2023-04-19 00:39', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt24ud/', 'Thanks man! :O those r all really good tips that I’m going to keep in mind! U don’t even know how much I needed that type of encouragement man but ur right! Gotta get back on the search! I’ll try to have some friends look at my resume so I can get their tips on it to! Again thanks man! 🙏🏾', '12r6frx'], ['u/bewildered_forks', 23, '2023-04-19 00:53', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt402y/', "Don't feel too badly about yourself. Scammers are professionals. They literally make their living by preying on people who are desperate or trusting. They know what they're doing. They're scum. You did nothing wrong. You recognized the scam before you lost more - remember that feeling in your gut and trust it next time.\n\nGood luck in your job hunt!", '12r6frx'], ['u/NikkiVicious', 26, '2023-04-19 01:15', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgt6yi6/', "Instead of applying to individual jobs on some place like Indeed, that's overrun with scammers, try looking for recruiting firms in your area, and giving them your resume. It will drastically cut down on scams.", '12r6frx'], ['u/Superb-Row5394', 18, '2023-04-19 01:56', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtcdhl/', 'Thank you for that tip :0 I didn’t know how else to apply for jobs besides at places like indeed :0 I’ll definitely be looking into any recruiting firms in my area', '12r6frx'], ['u/Ancguy', 36, '2023-04-19 02:14', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtevvo/', "Thanks for coming forth with this- I think it's important for us all to see that people who fall for scams are human beings with flaws and feelings. Too often they're stereotyped as being stupid, when that's often far from the truth. We make mistakes- everyone on this subreddit had to learn one way or another about these scams, so seeing the effects on real people is helpful. Good luck to you- other folks smarter than you and I have been taken for far more than $400. Good luck to you- hang in there!", '12r6frx'], ['u/HaoieZ', 98, '2023-04-19 03:01', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtlhmn/', "Remember next time any 'job' that supposedly sends you money to buy your own gear is always a scam.", '12r6frx'], ['u/Superb-Row5394', 29, '2023-04-19 03:02', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtlkov/', 'Facts! I’m definitely keeping that in mind from now on!', '12r6frx'], ['u/cacille', 28, '2023-04-19 03:59', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgttmkf/', "Desperation often wins over logic. This is because desperation is a feeling, and feelings ABSOLUTELY CONTROL US FIRST. Deeper into our lizard brain, so they rule our actions and thoughts when we are caught in a feeling.\n\nThat said, I'm a career consultant. And I sometimes look over recent grad's resumes and, honestly, tear them apart as most of the time, they are written with desperation and fear, which causes the resumes to not be clear or targeted properly. So you're welcome to dm me your resume.", '12r6frx'], ['u/FFiscool', 17, '2023-04-19 04:29', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgtxku7/', 'You paid $400 to learn a lifelong lesson', '12r6frx'], ['u/issa_nice_', 10, '2023-04-19 05:11', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgu30or/', 'This happened to me when I was graduating college as well. It was even a job posted on the UNIVERSITY website job portal for college students. It’s disgusting they prey on young vulnerable desperate people, but unfortunately it’s the name of their game. I’m glad you realized before you got in too deep and now it’s at least a lesson learned. Wishing you the best in your job search! Hang in there.', '12r6frx'], ['u/Mariss716', 10, '2023-04-19 07:09', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgufriy/', 'Many people are here because they were scammed themselves, or a loved one was. We have all let our guard down and had our trust violated. Scammers pick the most vulnerable and they do this on purpose. Such as targeting job searchers who need money and might overlook red flags they’d heed otherwise.\n\nDon’t be too hard on yourself. You got your lesson and it cost $400. You pick yourself up and learn from it, and it won’t ruin you. I have met people who lost their life savings in learning that lesson. The lesson is to be careful with your trust and your money, and protect yourself. \n\nYou just cannot trust strangers and who they claim to be. \n\nAlways do thorough due diligence and r/Scams is a great place to ask if you have any doubts. I come here and educate, and I have volunteered to work with victims for years. It’s a way I can give back, and I too was scammed for $250 back in 2007. Plus my folks were scammed a few years ago by a telephone scam and I remember how awful that was, seeing them devastated. I vowed I would not let that happen to others, and so here I am.\n\nSave your scorn for these scum of the earth scammers like the one that got you, and just be vigilant and diligent going forward. It’s important to talk about what happened to you. Don’t be ashamed - share your story to help educate and warn others, and your loss will not be in vain.\n\nAll the best in your job search.', '12r6frx'], ['u/bofh', 12, '2023-04-19 09:12', 'https://www.reddit.com/r/Scams/comments/12r6frx/i_fell_for_a_job_scam_and_i_feel_like_an_idiot/jgupmew/', 'Yep. Kudos for admitting to this and for learning from it. Both of those are difficult steps, and being able to admit this may save others around you from falling into the trap. \n\nScammers are very convincing relative to their audience (I fell for a big deal on an "expensive watch" when I was young and more naieve that with the wisdom of age I can\'t believe I fell for back then) and its no bad reflection on you that you\'ve been tricked like this.', '12r6frx']]], ['u/Joeyb213', 'Together', 10, '2023-04-19 01:33', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/', 'Let’s all vow to not sell our Jasmy until it reaches a substantial price like .40-$1 at least. This is it folks, with the US dollar losing power many people will put their money to work to beat inflation. Soon we will be like the people that bought into Bitcoin at $2', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/', '12r8ss8', [['u/Frogmangy', 10, '2023-04-19 02:23', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/jgtg4dd/', 'When people start seeing green they will sell. There will be major sell pressure every 5 cents i believe', '12r8ss8'], ['u/TheNegatyveBurn', 14, '2023-04-19 04:17', 'https://www.reddit.com/r/JasmyToken/comments/12r8ss8/together/jgtw1gv/', 'Your commitment to this single reply to every post is appreciated', '12r8ss8']]], ['u/meparadis', '"XLM pumps with XRP" - No, it does not and here\'s the proof', 27, '2023-04-19 01:54', 'https://www.reddit.com/r/xlm/comments/12r9dcd/xlm_pumps_with_xrp_no_it_does_not_and_heres_the/', 'People saying "BuT BUt bUT XLM PuMPs WItH XRp BrOoo!" are absolutely wrong.\n\nXLM is literally down 86% over XRP in more than 2 years... Stop saying XLM is pumping along its "big brother XRP" because its not. This coin\'s price performance has been absolutely terrible and I don\'t want to sugar coat it. Still holding it though... Sigh \n\nAlso: don’t even think about looking at the XLMBTC and XLMETH pairings if you don’t want to cry\n\nhttps://preview.redd.it/xv75onjrdqua1.png?width=1536&format=png&auto=webp&v=enabled&s=a93fcfbdbae4d26604503111c9adc8d3cf6e8bc3', 'https://www.reddit.com/r/xlm/comments/12r9dcd/xlm_pumps_with_xrp_no_it_does_not_and_heres_the/', '12r9dcd', [['u/acnocte', 11, '2023-04-19 02:10', 'https://www.reddit.com/r/xlm/comments/12r9dcd/xlm_pumps_with_xrp_no_it_does_not_and_heres_the/jgtebhr/', 'Xrp has been pumping because the lawsuit is almost over. Xlm and xrp are utility tokens but right now xrp is being pumped not necessarily because of utility but because of speculation. Utility tokens could be argued to have some sort of correlation in regards to utilization but right now if xlm goes up because of xrp it’s because it’s the cheaper alternative and much like bitcoin and ethereum, people are looking for the cheaper option to hopefully make the most money with their cash.', '12r9dcd']]], ['u/tfren99', "Security vs commodity: what's the difference and why does it matter?", 36, '2023-04-19 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12ra3ne/security_vs_commodity_whats_the_difference_and/', "TLDR: Cryptocurrencies can either be classified as securities or commodities. This determines how strictly they are regulated, as well as how they are taxed. Gary Gensler and the SEC are pushing for cryptocurrencies to be considered securities, and the crypto community is pushing back.\n\nYou're probably seeing a lot of news right now about the SEC hearing, and you might be wondering what exactly the big fuss is about. In a nutshell, there's no consensus on whether to classify cryptocurrencies as commodities or securities. Let's take a look at what this means.\n\n# Definitions\n\nAll assets can either be classified as securities or commodities.\n\n* Commodities are basic goods or raw materials that can be owned or traded. They are used in the production of consumer goods. Oil, grains, meats, precious metals, are examples of commodities. Some financial assets like currencies and indices are considered commodities.\n* Securities are more broadly defined, but are generally financial instruments that can be traded and hold monetary value in the form of equity or debt.\n\nIn general, neither definition can be applied to all cryptocurrencies in general. Classification must be done on a case by case basis.\n\n# The Howey Test\n\nThe Howey Test is a test used to determine if something is a security, stemming from a 1946 US Supreme Court case. According to the Howey Test, an asset is a security if it meets all of the following conditions:\n\n* there is an investment of money,\n* in a common enterprise (aka a business venture),\n* with expectation of profits,\n* derived from somebody else's effort.\n\nClearly, some cryptocurrencies do not pass the test (Bitcoin), whereas some clearly do (any coin that had an ICO). The Howey Test is outdated, so it's effectiveness in categorizing cryptocurrencies has been questioned.\n\n# Why does it matter?\n\nAs you might have guessed, it all comes down to taxes and regulations. Commodities are less strictly regulated than securities and are also taxed less. The US Security and Exchange Commission (SEC), chaired by former crypto proponent Gary Gensler, is pushing to heavily regulate cryptocurrencies and the exchanges that trade them, in the same way that stocks and stock exchanges are regulated. Obviously, the exchanges (and the crypto community in general) are pushing back, resistant to the increased regulation and taxation. \n\nToday, the US Committee on Banking, Housing and Urban Affairs held a hearing regarding the oversight of the SEC and their handling of this ongoing situation. From what I've seen, it doesn't look like it went great for Gary, but I haven't looked into it too deeply yet.\n\nSo why should we, the crypto community, care? Well, if cryptocurrencies are considered securities, then we would pay higher taxes on our profits (yes they exist) than if they were considered commodities. Additionally, it would become more expensive for exchanges to operate, and this cost would likely be passed on to the customer in the form of increased fees. However, regulation by the SEC could offer protection from scams and exchange collapses. In short, it all comes down to finding the right balance.", 'https://www.reddit.com/r/CryptoCurrency/comments/12ra3ne/security_vs_commodity_whats_the_difference_and/', '12ra3ne', [['u/astockstonk', 19, '2023-04-19 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12ra3ne/security_vs_commodity_whats_the_difference_and/jgtfzxe/', 'One thing is clear after today. Gary Gensler can’t tell you what is a commodity and what is a security', '12ra3ne']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, April 19, 2023', 37, '2023-04-19 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/', '12rg1kx', [['u/Downtown-Ad-4117', 12, '2023-04-19 08:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgum40y/', 'Why would SEC go after it’s own boss?', '12rg1kx'], ['u/regxbN78', 17, '2023-04-19 09:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguowb8/', 'In your butt.', '12rg1kx'], ['u/challis88ocarina', 12, '2023-04-19 10:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguum1w/', 'Aged like milk', '12rg1kx'], ['u/challis88ocarina', 11, '2023-04-19 10:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguuofz/', 'Really starting to get the feel of the good old days: nothing like being young and not knowing what on (or off) Earth is going to happen next', '12rg1kx'], ['u/bundabrg', 26, '2023-04-19 10:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguuxke/', 'Actually its better today than yesterday', '12rg1kx'], ['u/NervousNorbert', 10, '2023-04-19 11:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jguxypj/', 'Sudden drops of 3% is comfortably within normality. Welcome to Bitcoin, leverage carefully.', '12rg1kx'], ['u/yeahhhbeer', 11, '2023-04-19 11:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv0w0i/', 'Average US salary is $60k.\n\n2 years = $120k.\n\n30,500 to 29,000 = ~5%\n\n120,000/.05 = $2.4M worth of BTC or ~78 coins \n\n\nNow that’s a lot of 🌽', '12rg1kx'], ['u/spinbarkit', 15, '2023-04-19 12:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv1ip3/', 'again - relong 10x @ 29 190\n\nliq @ 25 100\n\n80% stack in the game', '12rg1kx'], ['u/Cadenca', 13, '2023-04-19 13:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv7osm/', "My respects, that is supremely degenerate. It's a miracle you're not too traumatized to make this move.. we've only have one dump, Bitcoin can do anything it wants at any time, on a whim.. Good luck soldier", '12rg1kx'], ['u/Galactic777', 17, '2023-04-19 13:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgv8bjq/', 'Massive sell off>panicking, tricked out of position>price goes back up>buys back in at a higher price\n\nWelcome to bitcoin🤝', '12rg1kx'], ['u/Magikarpeles', 13, '2023-04-19 13:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvbcnt/', 'Big sell off, prices not seen since yesterday', '12rg1kx'], ['u/Magikarpeles', 11, '2023-04-19 13:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvbf87/', 'Then 28499 is likely', '12rg1kx'], ['u/Order_Book_Facts', 11, '2023-04-19 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvdnwh/', 'This dump was certainly not “profit taking.” You don’t market sell $500M btc with insane slippage without some angle.', '12rg1kx'], ['u/PatientlyWaitingfy', 10, '2023-04-19 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvibok/', "I'm asking again, what is your invalidation point to where you think it won't go above 31k and that the down move you anticipate has already begun?", '12rg1kx'], ['u/thewardser', 13, '2023-04-19 15:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvj8zc/', "ah, must have not seen that before\n\n$26,999\n\nits right below bottom bollinger band on the daily...something we haven't breached since $15.5K", '12rg1kx'], ['u/cryptojimmy8', 12, '2023-04-19 15:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvjndd/', 'To be fair there was a 500 million market dump on binance. Hard to TA that', '12rg1kx'], ['u/[deleted]', 12, '2023-04-19 15:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvoppn/', "Today I simply asked what happened to BTC at r/Bitcoin and I got virtually beaten up. I've never been insulted that much on my entire life, just... wow. Hopefully this place be much nicer.", '12rg1kx'], ['u/ArcadesOfAntiquity', 11, '2023-04-19 15:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvph2c/', 'the negativity in this sub is by and large limited to curmudgeonly grumbling, with the occasional splash of snarky moral superiority. Much better than the shrill rage beasts in that other sub. Rest easy.', '12rg1kx'], ['u/[deleted]', 16, '2023-04-19 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvquz5/', 'That\'s cool. I can handle some negativity but today I simply asked at 5:00am (my local time) what happened because I legit couldn\'t find any news/articles. Someone replied "fcking find it out by yourself" (and got 10 upvotes) and they kept going to the point I had to delete my comment due to how ridiculously rude it was turning out. I\'m not going back there ever again. Anyway, I wasn\'t aware of this place (there are a bunch of BTC subs) and so far I\'m liking it. :)', '12rg1kx'], ['u/richardholliday87', 30, '2023-04-19 16:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgvviz6/', 'As a long term holder, I enjoy checking in here to gauge the price over actually checking the price. Cheers guys 🍻', '12rg1kx'], ['u/DaBrokenMeta', 11, '2023-04-19 17:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgw2iih/', 'You’re only moderately safer here my friend lol', '12rg1kx'], ['u/VictorCobra', 13, '2023-04-19 17:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgw69th/', 'I think we’re about to see a good trading opportunity on either side. If today’s candle fails to retrace back to the upside before the close, it may offer a good shorting opportunity down towards at least the mid-$26k area. If it closes back above $30k, and especially if it closes green, that could be a good long setup towards $32-33k. \n\nOverall, it looks a bit like buyers are getting exhausted. Buyer volume is declining, which may provide grounds for sellers to take advantage. Seller volume does seem to be increasing a bit on the 4H. The lows from today (so far) rest right on the uptrend I posted Monday. This uptrend has held for the last 3 weeks.', '12rg1kx'], ['u/spinbarkit', 11, '2023-04-19 18:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgwgu9l/', 'lure, scare, confuse, \n\nobfuscate the real trend?', '12rg1kx'], ['u/iEyeOpen', 11, '2023-04-19 22:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgxfriu/', "My gut feeling tells me BTC is heading anywhere below 26.5k.\n\nI'm usually perma bullish biased, but there is that one obvious zone that has not been challenged yet, and the setup is there.\n\n[https://i.imgur.com/VSZERKb.png](https://i.imgur.com/VSZERKb.png)\n\nSo if you would get liquidated at 26.5k, think again if it's worth holding a long in profit.\n\n28k breaks, becomes resistance with confirmation, then 26.5k holds sideways, and scam wicks go below it until it breaks too. And anywhere in the green box is the next best long entry.", '12rg1kx'], ['u/Ok_File_9520', 23, '2023-04-19 23:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgxke97/', 'I am a simple man. I keep looking at the chart when it goes up. I go do other things when it goes down.', '12rg1kx'], ['u/[deleted]', 17, '2023-04-19 23:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/12rg1kx/daily_discussion_wednesday_april_19_2023/jgxo358/', 'Test 28.5 incoming', '12rg1kx']]], ['u/Wrong-Job7122', 'If this game does go down to Nexon, there is still potential for private servers.', 31, '2023-04-19 06:07', 'https://www.reddit.com/r/DarkAndDarker/comments/12rg85j/if_this_game_does_go_down_to_nexon_there_is_still/', "If Playtest 5 is the last time we get the opportunity to play this game, there is a chance that someone in the far future will dedicate their time to trying to make the game work on private servers with the game files we have now. Like private Vanilla/BTC/WoTLK WoW servers.\n\n Not sure how possible this is now without the source code, but if Ironmace truly wanted to give their work to the community as a last resort, they could reveal their source code as a sort of dead-man's switch after losing the court case.\n\nOf course, with the limited content of playtest 5 and the whole team disbanded, it will eventually get stale. But at the very least, this game could die slowly instead of getting its head chopped off abruptly by Nexon. \n\nBasically, this is just Cope: The Post* But this is the only positive outcome we could hope might spawn off of Ironmace losing their legal dispute.", 'https://www.reddit.com/r/DarkAndDarker/comments/12rg85j/if_this_game_does_go_down_to_nexon_there_is_still/', '12rg85j', [['u/query_squidier', 37, '2023-04-19 06:57', 'https://www.reddit.com/r/DarkAndDarker/comments/12rg85j/if_this_game_does_go_down_to_nexon_there_is_still/jguemp3/', 'I won\'t talk of Copium.\n\nYears ago I went through losing a game I absolutely adored called [Loadout](https://en.wikipedia.org/wiki/Loadout), a build-your-own-weapon third-person shooter. It was a blast and really had that special, unquantified magic -- just like Dark and Darker does. But, the company running Loadout suddenly folded, hard, and everything got shut down: the servers, the web page, all of it. Gone.\n\nI also went through the pain of the early days of DayZ, with the persistent question of "where\'s the standalone?". That standalone game did eventually come, but it was years later, and well after the moment was gone and people had moved on. (Arma 2 DayZ was just some great gaming.)\n\nFor me, this Dark and Darker game holds a special spot in my gaming history. It belongs among the games I mentioned above, and with games like original vanilla World of Warcraft, and with alpha Minecraft. The original Ultima Online. These games were very special to me -- and Dark and Darker is in there with them.\n\nI\'m not saying IRONMACE is done for, or that Dark and Darker is headed for the scrap pile like Loadout was -- but y\'all should at least prepare yourselves for that eventuality. It\'s hard though -- these games are special to us.', '12rg85j']]], ['u/rBitcoinMod', 'Daily Discussion, April 19, 2023', 49, '2023-04-19 08:08', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12qcxkp/daily_discussion_april_18_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/', '12rj1eh', [['u/Leggy77', 10, '2023-04-19 11:27', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jguyugt/', 'Fuck around and find out!', '12rj1eh'], ['u/MagicianNatural5202', 13, '2023-04-19 11:52', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgv0je8/', 'You got liquidated on a 3% drop? Keyword here is overleveraged.', '12rj1eh'], ['u/tjackson_12', 12, '2023-04-19 13:27', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgv860j/', '2-3% more sats for me today', '12rj1eh'], ['u/Alfador8', 12, '2023-04-19 15:38', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgvn4bq/', "It's a 4% drop. This would have been considered a quiet day for most of Bitcoin's history", '12rj1eh'], ['u/VeryThicknLong', 15, '2023-04-19 16:13', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgvrt8y/', 'Ah guys, I should’ve warned you before I bought.', '12rj1eh'], ['u/escodelrio', 21, '2023-04-19 16:28', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgvu0q1/', 'Historical Bitcoin prices for today, April 19th:\r \n\r \n2023 - $29,291\r \n2022 - $40,662\r \n2021 - $55,668\r \n2020 - $7,171\r \n2019 - $5,298\r \n2018 - $8,274\r \n2017 - $1,227\r \n2016 - $436\r \n2015 - $222\r \n2014 - $502\r \n2013 - $118\r \n2012 - $5.1\r \n2011 - $1.2\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1648643027873804295?s=20).', '12rj1eh'], ['u/One_2_Three', 10, '2023-04-19 19:08', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgwi6ef/', 'Hey, mempool is getting empty. Time to start thinking about opening some LN channels!', '12rj1eh'], ['u/Limsisi', 14, '2023-04-19 19:41', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgwna70/', "In the near future we'll all think damn $30,000 is too cheap!!!", '12rj1eh'], ['u/iamjustaguy', 18, '2023-04-19 22:23', 'https://www.reddit.com/r/Bitcoin/comments/12rj1eh/daily_discussion_april_19_2023/jgxcnkt/', "I was typing a response to a comment in another subreddit, but the comment I was responding to was deleted, I spent a few good minutes on my response and I hate to see my hard work go to waste. So, here is the response to a deleted comment in a popular sub:\n\nI've been aware of Bitcoin since ~2010. I saw the utility of it, but I thought the government wouldn't let it keep going, or that they would absorb it into the current system. I remember seeing the episode of The Good Wife in 2012 that was about Bitcoin, and I thought it was compelling, but I still didn't think it would last. I thought someone would hack it, or it would be a rug pull.\n\nI thought Bitcoin was done in 2017 after the crash from a $20,000 all time high, then 2 years later I noticed it was still around. Bitcoin didn't care what price it was being traded, and the blocks kept being produced in ~10 minute increments. It just kept going, thanks to the Bitcoiners who maintain the network, and the resiliency built into it. So, in late 2019 I set out to prove Bitcoin was a scam, only to start buying it aggressively in February 2020.\n\nSo, to anyone reading this, Bitcoin may collapse, it may become a de-facto world reserve currency, or something in between. All I know is that there are people using it now for its intended purpose, and the innovation will continue.\n\nIf it took me 10 years to be convinced, then I can be patient with others.", '12rj1eh']]], ['u/ChemicalGreek', '$246.75M of crypto assets were liquidated in the previous 24 hours! In which $202.71M were longs and $44.04M were shorts.', 62, '2023-04-19 11:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/', 'Hello everyone!\n\nIn the past 24h the crypto markets had been volatile again, this resulted in a lot of liquidations. In the last hour alone $166.59M in crypto assets were liquidated. These were mostly longs since BTC dropped for some unknown reason and the market followed.\n\n\n\n[1H, 4H and 12H liquidation data](https://preview.redd.it/v9kbi3km3tua1.png?width=936&format=png&auto=webp&v=enabled&s=410d17d916c5b73a1411b4ba8dba4af1af3722ba)\n\nThe stats in the past 24h at the time of writing:\n\n\\- In the past 24 hours, $246.75M of assets were liquidated. \n\\- Liquidated longs and shorts: $202.71M were longs and $44.04M were shorts. \n\\- 75.103 traders were liquidated. \n\\- Top 3 Liquidations: $57.15M of ETH, $54.31M of BTC and $7.77M of Doge. \n\\- The largest single liquidation order happened on Binance - BTCUSDT value $3.02M. \n\\- Top liquidations (full list) per crypto:\n\n[The cryptocurrencies that most traders got liquidated](https://preview.redd.it/mvegqzoe4tua1.png?width=1399&format=png&auto=webp&v=enabled&s=0f372165df17800dd20f827ad36c4c235caa1ac4)\n\nHave a nice day and stay safe!\n\nChemicalGreek\n\n\n\nSource: [https://www.coinglass.com/LiquidationData](https://www.coinglass.com/LiquidationData)', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/', '12rmvfy', [['u/Sorrytoruin', 15, '2023-04-19 11:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/jguxvkg/', "Don't gamble.", '12rmvfy'], ['u/Harold838383', 32, '2023-04-19 11:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12rmvfy/24675m_of_crypto_assets_were_liquidated_in_the/jguyr9y/', 'This is why you don’t leverage trade. You’re trading against binance', '12rmvfy']]], ['u/MoneroFox', 'Chainalysis decided to write about a forbidden topic', 50, '2023-04-19 12:15', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/', '[@chainalysis](https://twitter.com/chainalysis/status/1648381250191720451) (twitter)\n> What are privacy coins, and how do they work?\n\n[Anonymity Enhanced Cryptocurrencies](https://blog.chainalysis.com/reports/privacy-coins-anonymity-enhanced-cryptocurrencies/) (blog.Chainalysis.com)\n> Privacy coins are cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability. They operate similarly to physical cash, but within a digital ecosystem. When you withdraw cash from an ATM, the bank maintains a record, but has no way of knowing what you do with the money after this transaction, except if you deposit money back into an ATM.\n>\n> Although privacy coins are more resistant to tracking than other cryptocurrencies, nothing is completely anonymous. Thus, investigators with advanced tracing capabilities can follow the movement of privacy coins.\n>\n> As of April 2023, the top three privacy coins by market capitalization are Monero (XMR), Zcash (ZEC), and Dash (DASH) — each with varying degrees of privacy ... Monero is currently the “only major cryptocurrency where every user is anonymous by default“.\n>\n> The anonymity of privacy coins has led many to believe they are primarily used for money laundering, hacking, and terrorist financing. Although malicious activities certainly occur on the blockchain, we have observed that most criminals still use Bitcoin because it is cross-border, instantaneous, and liquid. Privacy coins are typically not as liquid as Bitcoin, making it more difficult for criminals to acquire them and cash out into fiat currency.\n>\n> Privacy coins are legal in the United States, but other major world economies have imposed restrictions in an effort to curb money laundering and reduce organized crime. Japan banned privacy coins in 2018; South Korea and Australia followed suit, delisting Monero, Dash, Zcash, and other coins from exchanges. Dubai is the latest country to join this list in 2023, with other jurisdictions such as the European Union considering bans. A leaked draft of a proposed money laundering bill written by the EU stated that “Credit institutions, financial institutions and crypto-asset service providers shall be prohibited from keeping. . . anonymity-enhancing coins.”\n>\n> Several mainstream exchanges have also stopped offering privacy coins. Bittrex, an exchange built by security engineers, announced in January 2021 that it would soon remove popular privacy coins and encouraged users to withdraw their tokens before the deadline. Similarly, Kraken delisted Monero for its UK customers, BitBay ended Monero support, and Huobi removed seven privacy tokens due to “new financial regulations.” Such developments have led many observers to wonder whether privacy coins will survive in the long-term.', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/', '12rob4b', [['u/doublejay1999', 49, '2023-04-19 13:32', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgv8mrr/', 'Things you can do : move your money to a low regulation environment on a tiny Island, under a pile of shell companies with obfuscated ownership structures. \n\n\nThings you can’t do : use monero', '12rob4b'], ['u/rbrunner7', 23, '2023-04-19 14:12', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgvcqvt/', 'Good find.\n\nAnd I think if you take the quite heavily biased source into account this is a well-balanced article. It even lists legitimate use cases for privacy coins. Now you can inform yourself about Monero even on the Chainalysis website, who would have thought?\n\nI can forgive them the opinion at the end of the article that Bitcoin offers a better balance between "tools to tackle illicit activities and preserve sensitive information" than private coins. After all that\'s where their main business is.', '12rob4b'], ['u/bdoc50', 18, '2023-04-19 16:13', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgvrtl7/', '>Thus, investigators with advanced tracing capabilities can follow the movement of privacy coins.\n\nTheir advanced tools are so advanced that privacy coins need to be banned to prevent crime despite the existence of advanced tools that can follow any privacy coin transaction and track down "criminals" using privacy coins.', '12rob4b'], ['u/FoolHooligan', 10, '2023-04-19 17:44', 'https://www.reddit.com/r/Monero/comments/12rob4b/chainalysis_decided_to_write_about_a_forbidden/jgw57ei/', "In short, Monero is an actual cryptocurrency, so it's gonna be banned everywhere. Bullish.", '12rob4b']]], ['u/newheere', '27yo, 64k worth. Road to 100k before 30yo', 11, '2023-04-19 13:30', 'https://www.reddit.com/r/BEFire/comments/12rq2o1/27yo_64k_worth_road_to_100k_before_30yo/', 'Hi,\n\nI write this post as a sort of motivational post to help me reaching the 100k milestone in less then 2.5y; of course every suggestion is welcomed. \n\nI currently make 2.9k net a month. They would be 3.2k but i choose to take a car using cafeteria plan. \n\nMy current monthly expenses are:\n\n1) House: 600 euro ish\n\n2) Food: meal vouchers + 150 euro\n\n3) Gym: 23 euros\n\n4) Restaurant/fun/subscriptions/weekends out: 300 euro\n\nThis would result in a budget of 1800 euro more or less for investing and savings.\n\n\n\nMy net worth is divided in:\n\n40k cash \n\n15k VWCE\n\n9.5k crypto\n\n\n\nMy plan for the next months is to allocate 20k cash in VWCE and 10k cash in crypto ( mainly BTC and ETH ) \n\nThen i will continue to deploy 1500 euros a month in VWCE and maybe 300 euro a month in crypto', 'https://www.reddit.com/r/BEFire/comments/12rq2o1/27yo_64k_worth_road_to_100k_before_30yo/', '12rq2o1', [['u/adappergentlefolk', 41, '2023-04-19 13:33', 'https://www.reddit.com/r/BEFire/comments/12rq2o1/27yo_64k_worth_road_to_100k_before_30yo/jgv8p9v/', 'I think you are overweighting crypto rather a lot in your portfolio personally, which is very very risky to me, but to each their own. very nice earnings and savings rate means as long as you keep putting stuff mostly in the indexes you should be well in track to FIRE', '12rq2o1']]], ['u/Vaflioras', 'Minecraft Legends profanity filter', 143, '2023-04-19 13:44', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/', '1488\n\n8=D\n\nA55hole\n\nabortion\n\nahole\n\nAIDS\n\nAIDs\n\nainujin\n\nainuzin\n\nakimekura\n\nAnal\n\nanus\n\nanuses\n\nAnushead\n\nanuslick\n\nanuss\n\naokan\n\nArsch\n\nArschloch\n\narse\n\narsed\n\narsehole\n\narseholed\n\narseholes\n\narseholing\n\narselicker\n\narses\n\nAss\n\nasshat\n\nasshole\n\nassholed\n\nassholes\n\nassholing\n\nasslick\n\nasslicker\n\nasses\n\nAuschwitz\n\nb00bs\n\nb00bz\n\nb1tc\n\nBaise\n\nbakachon\n\nbakatyon\n\nBallsack\n\nBallzack\n\nBAMF\n\nBastard\n\nBeaner\n\nBeeatch\n\nbeeeyotch\n\nbeefwhistle\n\nbeeotch\n\nBeetch\n\nbeeyotch\n\nBellend\n\nbestiality\n\nbeyitch\n\nbeyotch\n\nBiach\n\nbin\n\nladen\n\nbinladen\n\nbiotch\n\nbitch\n\nbitches\n\nBitching\n\nblad\n\nbladt\n\nblowjob\n\nblow job\n\nblowme\n\nblow me\n\nblyad\n\nblyadt\n\nbon3r\n\nboner\n\nboobs\n\nboobz\n\nBtch\n\nBukakke\n\nBullshit\n\nbung\n\nbutagorosi\n\nbutthead\n\nButthole\n\nButtplug\n\nc0ck\n\nCabron\n\nCacca\n\nCadela\n\nCagada\n\nCameljockey\n\nCaralho\n\ncastrate\n\nCazzo\n\nceemen\n\nch1nk\n\nchankoro\n\nchieokure\n\nchikusatsu\n\nChing chong\n\nChinga\n\nChingada Madre\n\nChingado\n\nChingate\n\nchink\n\nchinpo\n\nChlamydia\n\nchoad\n\nchode\n\nchonga\n\nchonko\n\nchonkoro\n\nchourimbo\n\nchourinbo\n\nchourippo\n\nchuurembo\n\nchuurenbo\n\ncirclejerk\n\ncl1t\n\ncli7\n\nclit\n\nclitoris\n\ncocain\n\nCocaine\n\ncock\n\nCocksucker\n\nCoglione\n\nCoglioni\n\ncoitus\n\ncoituss\n\ncojelon\n\ncojones\n\ncondom\n\ncoon\n\ncoon hunt\n\ncoon kill\n\ncoonhunt\n\ncoonkill\n\nCooter\n\ncotton pic\n\ncotton pik\n\ncottonpic\n\ncottonpik\n\nCrackhead\n\nCSAM\n\nCulear\n\nCulero\n\nCulo\n\nCum\n\ncun7\n\ncunt\n\ncvn7\n\ncvnt\n\ncyka\n\nd1kc\n\nd4go\n\ndago\n\nDarkie\n\nDeez Nuts\n\nDeez Nutz\n\ndeeznut\n\ndeeznuts\n\ndeeznutz\n\nDickhead\n\ndikc\n\ndildo\n\nDio Bestia\n\ndong\n\ndongs\n\ndouche\n\nDownie\n\nDumass\n\nDumbass\n\nDurka durka\n\nDyke\n\nEjaculate\n\nEncule\n\nenjokousai\n\nenzyokousai\n\netahinin\n\netambo\n\netanbo\n\nf0ck\n\nf0kc\n\nf3lch\n\nfacking\n\nfag\n\nfaggot\n\nfags\n\nfaggots\n\nFanculo\n\nFanny\n\nfatass\n\nfck\n\nFckn\n\nfcuk\n\nfcuuk\n\nfelch\n\nFetish\n\nFgt\n\nFiCKDiCH\n\nFiglio di Puttana\n\nfku\n\nfock\n\nfokc\n\nforeskin\n\nFotze\n\nFoutre\n\nfucc\n\nfuck\n\nfuckd\n\nfucked\n\nfucker\n\nfucking\n\nfuckr\n\nfuct\n\nfujinoyamai\n\nfukashokumin\n\nFupa\n\nfuuck\n\nfuuckd\n\nfuucked\n\nfuucker\n\nfuucking\n\nfuuckr\n\nfuuuck\n\nfuuuckd\n\nfuuucked\n\nfuuucker\n\nfuuucking\n\nfuuuckr\n\nfuuuuck\n\nfuuuuckd\n\nfuuuucked\n\nfuuuucker\n\nfuuuucking\n\nfuuuuckr\n\nfuuuuuck\n\nfuuuuuckd\n\nfuuuuucked\n\nfuuuuucker\n\nfuuuuucking\n\nfuuuuuckr\n\nfuuuuuuck\n\nfuuuuuuckd\n\nfuuuuuucked\n\nfuuuuuucker\n\nfuuuuuucking\n\nfuuuuuuckr\n\nfuuuuuuuck\n\nfuuuuuuuckd\n\nfuuuuuuucked\n\nfuuuuuuucker\n\nfuuuuuuucking\n\nfuuuuuuuckr\n\nfuuuuuuuuck\n\nfuuuuuuuuckd\n\nfuuuuuuuucked\n\nfuuuuuuuucker\n\nfuuuuuuuucking\n\nfuuuuuuuuckr\n\nfuuuuuuuuuck\n\nfuuuuuuuuuckd\n\nfuuuuuuuuucked\n\nfuuuuuuuuucker\n\nfuuuuuuuuucking\n\nfuuuuuuuuuckr\n\nfuuuuuuuuuu\n\nfvck\n\nfxck\n\nfxuxcxk\n\ng000k\n\ng00k\n\ng0ok\n\ngestapo\n\ngo0k\n\ngod damn\n\ngoddamn\n\ngoldenshowers\n\ngolliwogg\n\ngollywog\n\nGooch\n\ngook\n\ngoook\n\nGyp\n\nh0m0\n\nh0mo\n\nh1tl3\n\nh1tle\n\nhairpie\n\nhakujakusha\n\nhakuroubyo\n\nhakuzyakusya\n\nhantoujin\n\nhantouzin\n\nHerpes\n\nhitl3r\n\nhitler\n\nhitlr\n\nholocaust\n\nhom0\n\nhomo\n\nhonky\n\nHooker\n\nhor3\n\nhore\n\nhukasyokumin\n\nHure\n\nHurensohn\n\nhuzinoyamai\n\nhymen\n\ninc3st\n\nincest\n\nInculato\n\nInjun\n\nintercourse\n\ninugoroshi\n\ninugorosi\n\nj1g4b0\n\nj1g4bo\n\nj1gab0\n\nj1gabo\n\nJack Off\n\njackass\n\njap\n\nJerkOff\n\njig4b0\n\njig4bo\n\njigabo\n\nJigaboo\n\njiggaboo\n\njizz\n\nJoder\n\nJoto\n\nJungle Bunny\n\njunglebunny\n\nk k k\n\nk1k3\n\nkichigai\n\nkik3\n\nKike\n\nkikeiji\n\nkikeizi\n\nKilurself\n\nkitigai\n\nkkk\n\nklu klux\n\nKlu Klux Klan\n\nkluklux\n\nknobhead\n\nkoon hunt\n\nkoon kill\n\nkoonhunt\n\nkoonkill\n\nkoroshiteyaru\n\nkoumoujin\n\nkoumouzin\n\nku klux klan\n\nkun7\n\nkurombo\n\nKurva\n\nKurwa\n\nkxkxk\n\nl3sb0\n\nlesbo\n\nlezbo\n\nlezzie\n\nm07th3rfukr\n\nm0th3rfvk3r\n\nm0th3rfvker\n\nMadonna Puttana\n\nmanberries\n\nmanko\n\nmanshaft\n\nMaricon\n\nMasterbat\n\nmasterbate\n\nMasturbacion\n\nmasturbait\n\nMasturbare\n\nMasturbate\n\nMasturbazione\n\nMerda\n\nMerde\n\nMeth\n\nMierda\n\nmilf\n\nMinge\n\nMiststück\n\nmitsukuchi\n\nmitukuti\n\nMolest\n\nmolester\n\nmolestor\n\nMong\n\nMoon Cricket\n\nmoth3rfucer\n\nmoth3rfvk3r\n\nmoth3rfvker\n\nmotherfucker\n\nMulatto\n\nn1663r\n\nn1664\n\nn166a\n\nn166er\n\nn1g3r\n\nn1German\n\nn1gg3r\n\nn1gGerman\n\nn3gro\n\nn4g3r\n\nn4gg3r\n\nn4gGerman\n\nn4z1\n\nnag3r\n\nnagg3r\n\nnagGerman\n\nnatzi\n\nnaz1\n\nnazi\n\nnazl\n\nneGerman\n\nngGerman\n\nnggr\n\nNhigGerman\n\nni666\n\nni66a\n\nni66er\n\nni66g\n\nni6g\n\nni6g6\n\nni6gg\n\nNig\n\nnig66\n\nnig6g\n\nnigar\n\nniGerman\n\nnigg3\n\nnigg6\n\nnigga\n\nniggaz\n\nnigGerman\n\nnigger\n\nnigglet\n\nniggr\n\nnigguh\n\nniggur\n\nniggy\n\nniglet\n\nNignog\n\nnimpinin\n\nninpinin\n\nNipples\n\nniqqa\n\nniqqer\n\nNonce\n\nnugga\n\nNutsack\n\nNutted\n\nnygGerman\n\nomeko\n\nOrgy\n\np3n15\n\np3n1s\n\np3ni5\n\np3nis\n\np3nl5\n\np3nls\n\nPaki\n\nPanties\n\nPedo\n\npedoph\n\npedophile\n\npen15\n\npen1s\n\nPendejo\n\npeni5\n\npenile\n\npenis\n\nPenis\n\npenl5\n\npenls\n\npenus\n\nPerra\n\nphag\n\nphaggot\n\nphagot\n\nphuck\n\nPikey\n\nPinche\n\nPizda\n\nPolla\n\nPorca Madonna\n\nPorch monkey\n\nPorn\n\nPornhub\n\nPorra\n\npr1ck\n\npreteen\n\nprick\n\npu555y\n\npu55y\n\npub1c\n\nPube\n\npubic\n\npun4ni\n\npun4nl\n\nPunal\n\npunan1\n\npunani\n\npunanl\n\npuss1\n\npuss3\n\npuss5\n\npusse\n\npussi\n\npussy\n\npussys\n\nPussies\n\npusss1\n\npussse\n\npusssi\n\npusssl\n\npusssy\n\nPussy\n\nPuta\n\nPutain\n\nPute\n\nPuto\n\nPuttana\n\nPuttane\n\nPuttaniere\n\npuzzy\n\npvssy\n\nqueef\n\nr3c7um\n\nr4p15t\n\nr4p1st\n\nr4p3\n\nr4pi5t\n\nr4pist \n\nraape \n\nraghead \n\nraibyo \n\nRaip \n\nrap15t \n\nrap1st \n\nRapage \n\nrape \n\nRaped \n\nrapi5t \n\nRaping \n\nrapist \n\nrectum \n\nRed Tube \n\nReggin \n\nreipu \n\nretard \n\nRicchione \n\nrimjob \n\nrizzape \n\nrompari \n\nSalaud \n\nSalope \n\nsangokujin \n\nsangokuzin \n\nsantorum \n\nScheiße\n\nSchlampe \n\nSchlampe \n\nschlong \n\nSchwuchtel \n\nScrote \n\nsecks \n\nseishinhakujaku \n\nseishinijo \n\nseisinhakuzyaku \n\nseisinizyo \n\nSemen \n\nsemushiotoko \n\nsemusiotoko \n\nsh\|t \n\nsh\|thead \n\nsh\|tstain \n\nsh17 \n\nsh17head \n\nsh17stain \n\nsh1t \n\nsh1thead \n\nsh1tstain \n\nShat \n\nShemale \n\nshi7 \n\nshi7head \n\nshi7stain \n\nshinajin \n\nshinheimin \n\nshirakko \n\nshit \n\nshithead \n\nshitstain \n\nShitty \n\nshokubutsuningen \n\nsinazin \n\nsinheimin\n\nSkank\n\nSMD\n\nSodom \n\nsofa king \n\nsofaking \n\nSpanishick\n\nSpanishook\n\nSpanishunk\n\nSTD\n\nSTDs \n\nSucchia Cazzi \n\nsuck my \n\nsuckmy \n\nsyokubutuningen \n\nTaint\n\nTapatte\n\nTapette \n\nTarlouse \n\ntea bag \n\nteabag \n\nteebag \n\nteensex \n\nteino \n\nTesta di Cazzo\n\nTesticles \n\nThot \n\ntieokure \n\ntinpo \n\nTits \n\nTitz \n\ntitties \n\ntittiez \n\ntokushugakkyu \n\ntokusyugakkyu \n\ntorukoburo \n\ntorukojo \n\ntorukozyo \n\ntosatsu \n\ntosatu \n\ntowelhead \n\nTrannie \n\nTranny \n\ntunbo \n\ntw47 \n\ntw4t \n\ntwat \n\ntyankoro \n\ntyonga \n\ntyonko \n\ntyonkoro \n\ntyourinbo \n\ntyourippo \n\ntyurenbo \n\nushigoroshi \n\nusigorosi \n\nv461n4 \n\nv461na \n\nv46in4 \n\nv46ina \n\nv4g1n4 \n\nv4g1na \n\nv4gin4 \n\nv4gina \n\nva61n4 \n\nva61na \n\nva6in4 \n\nva6ina \n\nVaccagare\n\nVaffanculo\n\nVag \n\nvag1n4 \n\nvag1na \n\nvagin4 \n\nvagina \n\nVateFaire \n\nvvhitepower \n\nw3tb4ck \n\nw3tback \n\nWank \n\nwanker \n\nwetb4ck \n\nwetback \n\nwh0r3 \n\nwh0re \n\nwhite \n\npower \n\nwhitepower \n\nwhor3 \n\nwhore \n\nWog \n\nWop \n\nx8lp3t \n\nxbl \n\npet \n\nXBLPET\n\nXBLRewards \n\nXl3LPET \n\nyabunirami \n\nZipperhead \n\nБлядь \n\nсука', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/', '12rqfhr', [['u/HorobecS30', 27, '2023-04-19 16:10', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/jgvrdb5/', 'NOOOOOO NOT CYKABLYAT', '12rqfhr'], ['u/HorobecS30', 54, '2023-04-19 16:11', 'https://www.reddit.com/r/copypasta/comments/12rqfhr/minecraft_legends_profanity_filter/jgvrisj/', "I can't even smoke a fag anymore? man...", '12rqfhr'], ['u/HorobecS30', 23, '2023-04-19 16:11', ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin lost the mojo it regained on Tuesday, dropping below $29K; ether fell toward $1.9K.\nInsights:Valuations for some Web3 games are higher than the lifetime revenue of some successful, traditional gaming companies, and yet Web3 doesn\'t have many games that make players enthusiastic.\nCoinDesk Market Index (CMI)\n1,250\n−73.5▼5.6%\nBitcoin (BTC)\n$28,936\n−1387.4▼4.6%\nEthereum (ETH)\n$1,948\n−149.8▼7.1%\nS&P 500\n4,154.52\n−0.4▼0.0%\nGold\n$2,007\n−0.4▼0.0%\nNikkei 225\n28,606.76\n−52.1▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,250", "\\u221273.5\\u25bc5.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,936", "\\u22121387.4\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,948", "\\u2212149.8\\u25bc7.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,154.52", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,007", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,606.76", "\\u221252.1\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin\'s Wednesday Swoon\nWhat happened to bitcoin\'s Tuesday mojo?\nThe largest cryptocurrency by market capitalization tripped early Wednesday, falling first below $30,000 for the second time in three days, and hours later, below $29,000 for the first time in more than a week. BTC was recently trading at about $28,930, down about 4.6% from Tuesday, same time, and far from its heights last week when a moderately encouraging consumer price index (CPI) and renewed investor optimism buoyed markets.\nInvestors\' mood soured on Wednesday after a sobering U.K. inflation report andmassive sell order on Binance. "One way or another, the hot U.K. CPI report that we got in today\'s European session made the market more vulnerable and may have been the piece of macroeconomic data that pushed that large seller to pull the trigger, which led to a cascade of sell orders as we dropped below $30,000," Matt Weller, global head of research at online brokerForex.com, told CoinDesk TV\'s "First Mover" program.\nEther continued its mirroring of BTC this week, falling around 7.1% to trade at around $1,945. The second-largest crypto in market value topped $2,100 on Tuesday after tumbling on Monday along with most other major altcoins. The second largest crypto in market value had been on an upswing in the days following the much-ballyhooed Ethereum Shanghai upgrade, the final step in the platform\'s shift from a proof-of-work to a more energy-efficient proof-of-stake protocol.\nAPT, the token of layer 1 blockchain Aptos, and ARB, the native crypto of layer 2 blockchain Arbitrum, recently plunged about 10% and 13%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 6.2%.\nEquity markets traded roughly flat for a second consecutive day, with the tech-heavy Nasdaq Composite rising 0.03% but the S&P 500, which has a strong technology component, dropping 0.01%. Investors have continued to digest unexpectedly strong first-quarter earnings from the financial services sector, although a number of regional banks have yet to report. Their results will offer additional clarity on the banking sector\'s health.\nIn an email to CoinDesk, Markus Levin, co-founder of XYO Network, a cryptography-backed oracle network that anonymously collects and certifies data with a geographic component, noted "a tremendous amount of anxiety in the market right now, particularly when it comes to macroeconomic conditions."\n"The U.K.’s higher-than-expected inflation numbers seem to be hitting a bit too close to home, both in the U.S. and in other countries where monetary policy is tightening and fears of a recession are growing," Levin wrote. "It seems as though all these macroeconomic concerns may finally be catching up with bitcoin."\nHe added that after bitcoin\'s strong gains in recent weeks, "it\'s not surprising to see consolidation. Crypto markets have always been particularly susceptible to price fluctuations, so none of this should be cause for panic.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.6%", "DACS Sector": "Entertainment"}]\nWeb3 Lacks Good Games\nFor all the billions in market share that Web3 gaming and the metaverse command, there’s one thing missing: a good game.\nThe traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth. Yet. you can find plenty of people that have played a chapter of Grand Theft Auto, Halo, or have joined a multiplayer skirmish in PUBG or Call of Duty.\nSome of these games are memes-of-the-moment; PUBG seemed omnipresent in 2017-2018 with its fast-paced mobile-friendly action but is not so big anymore.\nBut it\'s likely harder to find someone that’s done the same for a Web3 game. Mention PUBG around gamers and most will know it. Can the same be said about a Web3 game? In a report from last week, DappRadar argued thatAsia is going to dominate Web3 gaming. It bases this response on a survey where 48.6% of respondents said that blockchain games “seem interesting.”\nBut what about after they give them a try? Are they still interesting?\nSquare Enix thinks there’s a market. The studio behind the Final Fantasy game franchise, which is as close to the holy canon as it gets for gamers,is apparently bullish on the vertical, having recently unveiled atrailer for its first web3 game.\nIts fans, though, aren’t as sold.\nSome of the highest-rated comments in response to the video are overwhelmingly negative.\n“How do I dislike a video more than once,” said J Miki. “With this rate, the next Final Fantasy will be the final fantasy,” added another.\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\n11:30 p.m. HKT/SGT(15:30 UTC)Bank of Canada\'s Governor Macklem Speech\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Drops Below $30K in Sudden Sell-Off; SEC Chair Gensler Declines to Say if Ether Is a Security\nBitcoin dropped more than 3% in just 15 minutes in European morning hours, starting a slide that sent BTC as low as $29,045.22.Forex.comglobal head of research Matt Weller joined "First Mover" to discuss. Plus, reaction to Tuesday\'s exchange between House Financial Services Committee Chairman Patrick McHenry and SEC Chairman Gary Gensler, who repeatedly declined to answer the congressman\'s question on whether ether (ETH) is a security. Former SEC senior trial counsel Howard Fischer and Linklaters U.S. head of blockchain and digital assets Joshua Ashley Klayman discussed. Blockdaemon CEO Konstantin Richter and Scroll Co-founder Sandy Peng also joined "First Mover."\nCoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back:Following last week\'s milestone Shanghai upgrade, we moved to wind down CoinDesk\'s Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he\'s taken.\nInstitutions Flock to Ether After Shapella Upgrade:Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.\nHong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin:The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.\nCrypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios:The partnership will provide advisers with a wider range of options for shaping successful portfolios.\nRussia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank:International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin lost the mojo it regained on Tuesday, dropping below $29K; ether fell toward $1.9K. Insights: Valuations for some Web3 games are higher than the lifetime revenue of some successful, traditional gaming companies, and yet Web3 doesn\'t have many games that make players enthusiastic. Prices CoinDesk Market Index (CMI) 1,250 −73.5 ▼ 5.6% Bitcoin (BTC) $28,936 −1387.4 ▼ 4.6% Ethereum (ETH) $1,948 −149.8 ▼ 7.1% S&P 500 4,154.52 −0.4 ▼ 0.0% Gold $2,007 −0.4 ▼ 0.0% Nikkei 225 28,606.76 −52.1 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,250 −73.5 ▼ 5.6% Bitcoin (BTC) $28,936 −1387.4 ▼ 4.6% Ethereum (ETH) $1,948 −149.8 ▼ 7.1% S&P 500 4,154.52 −0.4 ▼ 0.0% Gold $2,007 −0.4 ▼ 0.0% Nikkei 225 28,606.76 −52.1 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Wednesday Swoon What happened to bitcoin\'s Tuesday mojo? The largest cryptocurrency by market capitalization tripped early Wednesday, falling first below $30,000 for the second time in three days, and hours later, below $29,000 for the first time in more than a week. BTC was recently trading at about $28,930, down about 4.6% from Tuesday, same time, and far from its heights last week when a moderately encouraging consumer price index (CPI) and renewed investor optimism buoyed markets. Investors\' mood soured on Wednesday after a sobering U.K. inflation report and massive sell order on Binance . "One way or another, the hot U.K. CPI report that we got in today\'s European session made the market more vulnerable and may have been the piece of macroeconomic data that pushed that large seller to pull the trigger, which led to a cascade of sell orders as we dropped below $30,000," Matt Weller, global head of research at online broker Forex.com , told CoinDesk TV\'s "First Mover" program. Story continues Ether continued its mirroring of BTC this week, falling around 7.1% to trade at around $1,945. The second-largest crypto in market value topped $2,100 on Tuesday after tumbling on Monday along with most other major altcoins. The second largest crypto in market value had been on an upswing in the days following the much-ballyhooed Ethereum Shanghai upgrade, the final step in the platform\'s shift from a proof-of-work to a more energy-efficient proof-of-stake protocol. APT, the token of layer 1 blockchain Aptos, and ARB, the native crypto of layer 2 blockchain Arbitrum, recently plunged about 10% and 13%, respectively. The CoinDesk Market Index , a measure of the crypto market\'s overall performance, was recently down 6.2%. Equity markets traded roughly flat for a second consecutive day, with the tech-heavy Nasdaq Composite rising 0.03% but the S&P 500, which has a strong technology component, dropping 0.01%. Investors have continued to digest unexpectedly strong first-quarter earnings from the financial services sector, although a number of regional banks have yet to report. Their results will offer additional clarity on the banking sector\'s health. In an email to CoinDesk, Markus Levin, co-founder of XYO Network, a cryptography-backed oracle network that anonymously collects and certifies data with a geographic component, noted "a tremendous amount of anxiety in the market right now, particularly when it comes to macroeconomic conditions." "The U.K.’s higher-than-expected inflation numbers seem to be hitting a bit too close to home, both in the U.S. and in other countries where monetary policy is tightening and fears of a recession are growing," Levin wrote. "It seems as though all these macroeconomic concerns may finally be catching up with bitcoin." He added that after bitcoin\'s strong gains in recent weeks, "it\'s not surprising to see consolidation. Crypto markets have always been particularly susceptible to price fluctuations, so none of this should be cause for panic.” Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Avalanche AVAX −9.2% Smart Contract Platform Terra LUNA −9.0% Smart Contract Platform Decentraland MANA −8.6% Entertainment Insights Web3 Lacks Good Games For all the billions in market share that Web3 gaming and the metaverse command, there’s one thing missing: a good game. The traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth. Yet. you can find plenty of people that have played a chapter of Grand Theft Auto, Halo, or have joined a multiplayer skirmish in PUBG or Call of Duty. Some of these games are memes-of-the-moment; PUBG seemed omnipresent in 2017-2018 with its fast-paced mobile-friendly action but is not so big anymore. But it\'s likely harder to find someone that’s done the same for a Web3 game. Mention PUBG around gamers and most will know it. Can the same be said about a Web3 game? In a report from last week, DappRadar argued that Asia is going to dominate Web3 gaming . It bases this response on a survey where 48.6% of respondents said that blockchain games “seem interesting.” But what about after they give them a try? Are they still interesting? Square Enix thinks there’s a market. The studio behind the Final Fantasy game franchise, which is as close to the holy canon as it gets for gamers, is apparently bullish on the vertical , having recently unveiled a trailer for its first web3 game . Its fans, though, aren’t as sold. Some of the highest-rated comments in response to the video are overwhelmingly negative. “How do I dislike a video more than once,” said J Miki. “With this rate, the next Final Fantasy will be the final fantasy,” added another. Important events 9:15 a.m. HKT/SGT(1:15 UTC) People\'s Bank of China Interest Rate Decision 11:30 p.m. HKT/SGT(15:30 UTC) Bank of Canada\'s Governor Macklem Speech 7:30 a.m. HKT/SGT(23:30 UTC) Japan National Consumer Price Index (YoY/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Drops Below $30K in Sudden Sell-Off; SEC Chair Gensler Declines to Say if Ether Is a Security Bitcoin dropped more than 3% in just 15 minutes in European morning hours, starting a slide that sent BTC as low as $29,045.22. Forex.com global head of research Matt Weller joined "First Mover" to discuss. Plus, reaction to Tuesday\'s exchange between House Financial Services Committee Chairman Patrick McHenry and SEC Chairman Gary Gensler, who repeatedly declined to answer the congressman\'s question on whether ether (ETH) is a security. Former SEC senior trial counsel Howard Fischer and Linklaters U.S. head of blockchain and digital assets Joshua Ashley Klayman discussed. Blockdaemon CEO Konstantin Richter and Scroll Co-founder Sandy Peng also joined "First Mover." Headlines CoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back : Following last week\'s milestone Shanghai upgrade, we moved to wind down CoinDesk\'s Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he\'s taken. Institutions Flock to Ether After Shapella Upgrade : Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market. Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin : The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said. Crypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios : The partnership will provide advisers with a wider range of options for shaping successful portfolios. Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank : International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin lost the mojo it regained on Tuesday, dropping below $29K; ether fell toward $1.9K.\nInsights:Valuations for some Web3 games are higher than the lifetime revenue of some successful, traditional gaming companies, and yet Web3 doesn\'t have many games that make players enthusiastic.\nCoinDesk Market Index (CMI)\n1,250\n−73.5▼5.6%\nBitcoin (BTC)\n$28,936\n−1387.4▼4.6%\nEthereum (ETH)\n$1,948\n−149.8▼7.1%\nS&P 500\n4,154.52\n−0.4▼0.0%\nGold\n$2,007\n−0.4▼0.0%\nNikkei 225\n28,606.76\n−52.1▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,250", "\\u221273.5\\u25bc5.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,936", "\\u22121387.4\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,948", "\\u2212149.8\\u25bc7.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,154.52", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,007", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,606.76", "\\u221252.1\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin\'s Wednesday Swoon\nWhat happened to bitcoin\'s Tuesday mojo?\nThe largest cryptocurrency by market capitalization tripped early Wednesday, falling first below $30,000 for the second time in three days, and hours later, below $29,000 for the first time in more than a week. BTC was recently trading at about $28,930, down about 4.6% from Tuesday, same time, and far from its heights last week when a moderately encouraging consumer price index (CPI) and renewed investor optimism buoyed markets.\nInvestors\' mood soured on Wednesday after a sobering U.K. inflation report andmassive sell order on Binance. "One way or another, the hot U.K. CPI report that we got in today\'s European session made the market more vulnerable and may have been the piece of macroeconomic data that pushed that large seller to pull the trigger, which led to a cascade of sell orders as we dropped below $30,000," Matt Weller, global head of research at online brokerForex.com, told CoinDesk TV\'s "First Mover" program.\nEther continued its mirroring of BTC this week, falling around 7.1% to trade at around $1,945. The second-largest crypto in market value topped $2,100 on Tuesday after tumbling on Monday along with most other major altcoins. The second largest crypto in market value had been on an upswing in the days following the much-ballyhooed Ethereum Shanghai upgrade, the final step in the platform\'s shift from a proof-of-work to a more energy-efficient proof-of-stake protocol.\nAPT, the token of layer 1 blockchain Aptos, and ARB, the native crypto of layer 2 blockchain Arbitrum, recently plunged about 10% and 13%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 6.2%.\nEquity markets traded roughly flat for a second consecutive day, with the tech-heavy Nasdaq Composite rising 0.03% but the S&P 500, which has a strong technology component, dropping 0.01%. Investors have continued to digest unexpectedly strong first-quarter earnings from the financial services sector, although a number of regional banks have yet to report. Their results will offer additional clarity on the banking sector\'s health.\nIn an email to CoinDesk, Markus Levin, co-founder of XYO Network, a cryptography-backed oracle network that anonymously collects and certifies data with a geographic component, noted "a tremendous amount of anxiety in the market right now, particularly when it comes to macroeconomic conditions."\n"The U.K.’s higher-than-expected inflation numbers seem to be hitting a bit too close to home, both in the U.S. and in other countries where monetary policy is tightening and fears of a recession are growing," Levin wrote. "It seems as though all these macroeconomic concerns may finally be catching up with bitcoin."\nHe added that after bitcoin\'s strong gains in recent weeks, "it\'s not surprising to see consolidation. Crypto markets have always been particularly susceptible to price fluctuations, so none of this should be cause for panic.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.6%", "DACS Sector": "Entertainment"}]\nWeb3 Lacks Good Games\nFor all the billions in market share that Web3 gaming and the metaverse command, there’s one thing missing: a good game.\nThe traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth. Yet. you can find plenty of people that have played a chapter of Grand Theft Auto, Halo, or have joined a multiplayer skirmish in PUBG or Call of Duty.\nSome of these games are memes-of-the-moment; PUBG seemed omnipresent in 2017-2018 with its fast-paced mobile-friendly action but is not so big anymore.\nBut it\'s likely harder to find someone that’s done the same for a Web3 game. Mention PUBG around gamers and most will know it. Can the same be said about a Web3 game? In a report from last week, DappRadar argued thatAsia is going to dominate Web3 gaming. It bases this response on a survey where 48.6% of respondents said that blockchain games “seem interesting.”\nBut what about after they give them a try? Are they still interesting?\nSquare Enix thinks there’s a market. The studio behind the Final Fantasy game franchise, which is as close to the holy canon as it gets for gamers,is apparently bullish on the vertical, having recently unveiled atrailer for its first web3 game.\nIts fans, though, aren’t as sold.\nSome of the highest-rated comments in response to the video are overwhelmingly negative.\n“How do I dislike a video more than once,” said J Miki. “With this rate, the next Final Fantasy will be the final fantasy,” added another.\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\n11:30 p.m. HKT/SGT(15:30 UTC)Bank of Canada\'s Governor Macklem Speech\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Drops Below $30K in Sudden Sell-Off; SEC Chair Gensler Declines to Say if Ether Is a Security\nBitcoin dropped more than 3% in just 15 minutes in European morning hours, starting a slide that sent BTC as low as $29,045.22.Forex.comglobal head of research Matt Weller joined "First Mover" to discuss. Plus, reaction to Tuesday\'s exchange between House Financial Services Committee Chairman Patrick McHenry and SEC Chairman Gary Gensler, who repeatedly declined to answer the congressman\'s question on whether ether (ETH) is a security. Former SEC senior trial counsel Howard Fischer and Linklaters U.S. head of blockchain and digital assets Joshua Ashley Klayman discussed. Blockdaemon CEO Konstantin Richter and Scroll Co-founder Sandy Peng also joined "First Mover."\nCoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back:Following last week\'s milestone Shanghai upgrade, we moved to wind down CoinDesk\'s Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he\'s taken.\nInstitutions Flock to Ether After Shapella Upgrade:Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.\nHong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin:The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.\nCrypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios:The partnership will provide advisers with a wider range of options for shaping successful portfolios.\nRussia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank:International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.', 'Join the most important conversation in crypto and web3! Secure your seat today Deribit, the world\'s largest crypto options exchange by open interest and trading volumes, will be introducing a new spot trading feature. The exchange, which accounted for 91% of global options open interest of over $13 billion in March, said the new platform would go live on April 24 and offer three pairs – BTC/USDC, ETH/USDC and ETH/BTC. The feature will have zero maker and taker fees, meaning there will be no margin for the exchange. Makers create orders and wait for them to be filled, while takers remove liquidity by taking available orders. The availability of spot trading means users can now buy and sell bitcoin (BTC) and ether (ETH) immediately in addition to trading derivatives in which the payment and delivery of the underlying asset are made on a future date. It also means sophisticated traders in one place will be able to set up multi-leg complex strategies involving both the spot market and futures and options contracts. "With this latest addition, our platform now boasts a comprehensive suite of both derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space," Luuk Strijers, chief commercial officer at Deribit, told CoinDesk. "Our spot trading feature serves as an exceptional tool for exchanging collateral like BTC and ETH, with the added benefit of zero costs, further enhancing the overall trading experience for our clients," Strijers added. Deribit launched bitcoin options trading in 2016 and has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether and the dollar-pegged stablecoin USDC. Last month, the exchange unveiled trading in bitcoin volatility futures, opening doors for traders to place bets on the degree of price turbulence in the top cryptocurrency. The dollar value of the total open positions on the platform hit an all-time high of over $20 billion on March 30.', 'Join the most important conversation in crypto and web3! Secure your seat today\nDeribit, the world\'s largest crypto options exchange by open interest and trading volumes, will be introducing a new spot trading feature.\nThe exchange, which accounted for 91% of global options open interest of over $13 billion in March, said the new platform would go live on April 24 and offer three pairs – BTC/USDC, ETH/USDC and ETH/BTC.\nThe feature will have zero maker and taker fees, meaning there will be no margin for the exchange. Makers create orders and wait for them to be filled, while takers remove liquidity by taking available orders.\nThe availability of spot trading means users can now buy and sell bitcoin (BTC) and ether (ETH) immediately in addition to trading derivatives in which the payment and delivery of the underlying asset are made on a future date. It also means sophisticated traders in one place will be able to set up multi-leg complex strategies involving both the spot market and futures and options contracts.\n"With this latest addition, our platform now boasts a comprehensive suite of both derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space," Luuk Strijers, chief commercial officer at Deribit, told CoinDesk.\n"Our spot trading feature serves as an exceptional tool for exchanging collateral like BTC and ETH, with the added benefit of zero costs, further enhancing the overall trading experience for our clients," Strijers added.\nDeribit launched bitcoin options trading in 2016 and has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether and the dollar-pegged stablecoin USDC.\nLast month, the exchange unveiled trading in bitcoin volatility futures, opening doors for traders to place bets on the degree of price turbulence in the top cryptocurrency. The dollar value of the total open positions on the platform hit an all-time high of over $20 billion on March 30.', 'DARTFORD, UNITED KINGDOM - ( NewMediaWire ) - April 19, 2023 - ( King NewsWire ) - Chiron Investigations, a renowned company specializing in cryptocurrency and asset recovery, has announced the launch of its new services aimed at helping individuals and businesses recover their lost digital assets resulting from bitcoin theft. The company has established a solid reputation for providing exceptional cryptocurrency recovery services, having resolved numerous cases with a high success rate. As the risk of cryptocurrency theft continues to grow with the increasing popularity of digital assets, Chiron Investigations has recognized the importance of timely and effective recovery solutions. The company has customized its services to address the unique needs of its clients. Chiron Investigations is a well-regarded and reliable company in the field of cryptocurrency and asset recovery. Its latest offering of specialized services for those affected by bitcoin theft is a clear indication of the company\'s unwavering dedication to maintaining excellence and ensuring the satisfaction of its clients, including how to get their stolen crypto back. Chiron Investigations leads a team of skilled and knowledgeable professionals who utilize advanced techniques and tools to track and recover stolen bitcoins. The company prioritizes the speedy and dependable provision of recovery solutions, all while ensuring the security and privacy of its clients is upheld during the process. A representative for the company expressed empathy towards clients affected by bitcoin theft, stating "We understand the devastating impact that bitcoin theft can have on our clients, and we are dedicated to helping them recover their lost digital assets as quickly as possible." The head of IT further emphasized the company\'s commitment to efficient recovery services and timely results, recognizing the importance of these digital assets to its clients. Chiron Investigations extends its aid to victims of Forex trading crimes and Bitcoin theft alike. Story continues Chiron objective is to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations offers global bitcoin recovery services that are trustworthy, secure, and extremely effective, thanks to its network of skilled investigators. Clients who choose Chiron\'s services can avoid the unnecessary hassle of trying to recover lost assets independently. The company\'s team of experienced investigators has demonstrated a high success rate in the field of cryptocurrency and asset recovery. Chiron Investigations understands the importance of cryptocurrency to its clients and therefore offers guidance to those affected by theft, to assist them in recovering their stolen digital assets. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Organization: Chiron Investigations Crypto Recovery Solutions Contact Person: Julie Spencer Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'DARTFORD, UNITED KINGDOM - ( NewMediaWire ) - April 19, 2023 - ( King NewsWire ) - Chiron Investigations, a renowned company specializing in cryptocurrency and asset recovery, has announced the launch of its new services aimed at helping individuals and businesses recover their lost digital assets resulting from bitcoin theft. The company has established a solid reputation for providing exceptional cryptocurrency recovery services, having resolved numerous cases with a high success rate. As the risk of cryptocurrency theft continues to grow with the increasing popularity of digital assets, Chiron Investigations has recognized the importance of timely and effective recovery solutions. The company has customized its services to address the unique needs of its clients. Chiron Investigations is a well-regarded and reliable company in the field of cryptocurrency and asset recovery. Its latest offering of specialized services for those affected by bitcoin theft is a clear indication of the company\'s unwavering dedication to maintaining excellence and ensuring the satisfaction of its clients, including how to get their stolen crypto back. Chiron Investigations leads a team of skilled and knowledgeable professionals who utilize advanced techniques and tools to track and recover stolen bitcoins. The company prioritizes the speedy and dependable provision of recovery solutions, all while ensuring the security and privacy of its clients is upheld during the process. A representative for the company expressed empathy towards clients affected by bitcoin theft, stating "We understand the devastating impact that bitcoin theft can have on our clients, and we are dedicated to helping them recover their lost digital assets as quickly as possible." The head of IT further emphasized the company\'s commitment to efficient recovery services and timely results, recognizing the importance of these digital assets to its clients. Chiron Investigations extends its aid to victims of Forex trading crimes and Bitcoin theft alike. Story continues Chiron objective is to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations offers global bitcoin recovery services that are trustworthy, secure, and extremely effective, thanks to its network of skilled investigators. Clients who choose Chiron\'s services can avoid the unnecessary hassle of trying to recover lost assets independently. The company\'s team of experienced investigators has demonstrated a high success rate in the field of cryptocurrency and asset recovery. Chiron Investigations understands the importance of cryptocurrency to its clients and therefore offers guidance to those affected by theft, to assist them in recovering their stolen digital assets. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Organization: Chiron Investigations Crypto Recovery Solutions Contact Person: Julie Spencer Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'DARTFORD, UNITED KINGDOM - ( NewMediaWire ) - April 19, 2023 - ( King NewsWire ) - Chiron Investigations, a renowned company specializing in cryptocurrency and asset recovery, has announced the launch of its new services aimed at helping individuals and businesses recover their lost digital assets resulting from bitcoin theft. The company has established a solid reputation for providing exceptional cryptocurrency recovery services, having resolved numerous cases with a high success rate. As the risk of cryptocurrency theft continues to grow with the increasing popularity of digital assets, Chiron Investigations has recognized the importance of timely and effective recovery solutions. The company has customized its services to address the unique needs of its clients. Chiron Investigations is a well-regarded and reliable company in the field of cryptocurrency and asset recovery. Its latest offering of specialized services for those affected by bitcoin theft is a clear indication of the company\'s unwavering dedication to maintaining excellence and ensuring the satisfaction of its clients, including how to get their stolen crypto back. Chiron Investigations leads a team of skilled and knowledgeable professionals who utilize advanced techniques and tools to track and recover stolen bitcoins. The company prioritizes the speedy and dependable provision of recovery solutions, all while ensuring the security and privacy of its clients is upheld during the process. A representative for the company expressed empathy towards clients affected by bitcoin theft, stating "We understand the devastating impact that bitcoin theft can have on our clients, and we are dedicated to helping them recover their lost digital assets as quickly as possible." The head of IT further emphasized the company\'s commitment to efficient recovery services and timely results, recognizing the importance of these digital assets to its clients. Chiron Investigations extends its aid to victims of Forex trading crimes and Bitcoin theft alike. Story continues Chiron objective is to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations offers global bitcoin recovery services that are trustworthy, secure, and extremely effective, thanks to its network of skilled investigators. Clients who choose Chiron\'s services can avoid the unnecessary hassle of trying to recover lost assets independently. The company\'s team of experienced investigators has demonstrated a high success rate in the field of cryptocurrency and asset recovery. Chiron Investigations understands the importance of cryptocurrency to its clients and therefore offers guidance to those affected by theft, to assist them in recovering their stolen digital assets. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Organization: Chiron Investigations Crypto Recovery Solutions Contact Person: Julie Spencer Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all top 10 non-stablecoin tokens. Some commentators ascribed the declines to a repricing based on recent concerns about inflation and higher interest rates ahead. Litecoin led the losers. U.S. equity futures dipped after Wall Street closed flat to lower on Wednesday.\nSee related article:US chip giant Intel abandons Bitcoin ASIC production\n• Bitcoin fell 4.59% to US$28,943 in the 24 hours to 09:00 a.m. in Hong Kong for a weekly loss of 3.59%, according toCoinMarketCap data. The world’s largest cryptocurrency lost about US$1,000 in an hour starting from 4:00 p.m. Hong Kong on Wednesday.\n• Ether slumped 7.20% to US$1,947, but remains 1.93% higher for the past seven days. The token traded below the US$2,000 mark for the first time since April 13, when the Ethereum blockchain completed itsShanghai upgrade.\n• Litecoin led the losers with a drop of 10.50% in the past 24 hours and traded at US$90.85, falling 1.39% for the week.\n• The latest selloff in cryptocurrencies is an overdue correction following the rally this year and investors taking profits as a risk-off trend emerged in global markets, according to aCNBC reporton Wednesday citing Joel Kruger, market strategist at forex and crypto platformLmax Group.\n• The risk-off mood follows more global inflation signals. The U.K. on Wednesdayreporteda 10.1% annual increase in the consumer price index for March, beating projections for a 9.8% gain. Also this week, Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid it’s too early to consider an interest rate cut, given the stubborn U.S. inflation rate, which stood at 5% in March, compared to the Fed’s goal of 2%.\n• Lmax Grouptweetedon Thursday the crypto market “has been forced to have a serious rethink about how it has been pricing” with respect to monetary policies.\n• Another down arrow is U.S. Securities and Exchange Commission Chair Gary Gensler’stestimonybeforeCongress on Tuesday, where he said much of the business model of the cryptocurrency sector has been built aroundnon-compliancewith securities regulations.\n• The total crypto market capitalization fell 5.04% in the past 24 hours to US$1.21 trillion. The total trading volume over the last 24 hours rose 33.08% to US$62.36 billion.\n• In the NFT market, the Forkast 500 NFT index dropped 1.23% to 4,012.98 in the 24 hours to 09:00 a.m. in Hong Kong, but remained 0.74% higher for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures fell 0.24%. The Nasdaq Composite Index moved down 0.35%.\n• The three U.S. equity indexes stalled on Wednesday on softer first-quarter earning reports, while the Federal Reserve’sBeige Book surveyon economic conditions published on Wednesday shows a sharp fall in lending after the failure of a trio of regional banks last month.\n• Negatives for crypto from the bank failures include “dwindling liquidity driven by strong risk-off sentiments and regulatory pressures impactingbanking access for the sector,” Ben Ritchie, director ofDigital Capital Management AUsaid in a report by information services platformFinder.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 16.7% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 83.3% predict a 25-basis-point increase, down from 84.8% on Wednesday.\n• (Updates to correct Bitcoin price decline in second sentence of first bullet.)\nSee related article:Trump’s Series 2 sells out, tops daily NFT sales chart', 'Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all top 10 non-stablecoin tokens. Some commentators ascribed the declines to a repricing based on recent concerns about inflation and higher interest rates ahead. Litecoin led the losers. U.S. equity futures dipped after Wall Street closed flat to lower on Wednesday. See related article: US chip giant Intel abandons Bitcoin ASIC production Fast facts Bitcoin fell 4.59% to US$28,943 in the 24 hours to 09:00 a.m. in Hong Kong for a weekly loss of 3.59%, according to CoinMarketCap data . The world\x92s largest cryptocurrency lost about US$1,000 in an hour starting from 4:00 p.m. Hong Kong on Wednesday. Ether slumped 7.20% to US$1,947, but remains 1.93% higher for the past seven days. The token traded below the US$2,000 mark for the first time since April 13, when the Ethereum blockchain completed its Shanghai upgrade . Litecoin led the losers with a drop of 10.50% in the past 24 hours and traded at US$90.85, falling 1.39% for the week. The latest selloff in cryptocurrencies is an overdue correction following the rally this year and investors taking profits as a risk-off trend emerged in global markets, according to a CNBC report on Wednesday citing Joel Kruger, market strategist at forex and crypto platform Lmax Group . The risk-off mood follows more global inflation signals. The U.K. on Wednesday reported a 10.1% annual increase in the consumer price index for March, beating projections for a 9.8% gain. Also this week, Atlanta Federal Reserve President Raphael Bostic and St. Louis Fed President James Bullard said it\x92s too early to consider an interest rate cut, given the stubborn U.S. inflation rate, which stood at 5% in March, compared to the Fed\x92s goal of 2%. Lmax Group tweeted on Thursday the crypto market \x93has been forced to have a serious rethink about how it has been pricing\x94 with respect to monetary policies. Another down arrow is U.S. Securities and Exchange Commission Chair Gary Gensler\x92s testimony before Congress on Tuesday , where he said much of the business model of the cryptocurrency sector has been built around non-compliance with securities regulations. The total crypto market capitalization fell 5.04% in the past 24 hours to US$1.21 trillion. The total trading volume over the last 24 hours rose 33.08% to US$62.36 billion. In the NFT market, the Forkast 500 NFT index dropped 1.23% to 4,012.98 in the 24 hours to 09:00 a.m. in Hong Kong, but remained 0.74% higher for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures fell 0.24%. The Nasdaq Composite Index moved down 0.35%. The three U.S. equity indexes stalled on Wednesday on softer first-quarter earning reports, while the Federal Reserve\x92s Beige Book survey on economic conditions published on Wednesday shows a sharp fall in lending after the failure of a trio of regional banks last month. Negatives for crypto from the bank failures include \x93dwindling liquidity driven by strong risk-off sentiments and regulatory pressures impacting banking access for the sector ,\x94 Ben Ritchie, director of Digital Capital Management AU said in a report by information services platform Finder . U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 16.7% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 83.3% predict a 25-basis-point increase, down from 84.8% on Wednesday. (Updates to correct Bitcoin price decline in second sentence of first bullet.) See related article: Trump\x92s Series 2 sells out, tops daily NFT sales chart View comments', 'Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all top 10 non-stablecoin tokens. Some commentators ascribed the declines to a re Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $561,345,592,500 - Hash Rate: 319313867.4340018 - Transaction Count: 296683.0 - Unique Addresses: 675813.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Actively managed funds are poised to scoop up market share as institutional asset owners hunt for returns in gyrating markets, according to a report by Cerulli Associates. A little over one-quarter of institutional asset owners indicated they would increase their allocation to active equity strategies over the next two years, according to a survey of 200 institutional asset owners conducted by the Boston-based research firm. Meanwhile, 20% of respondents surveyed in the latter half of 2022 stated they would augment their fixed income strategy allocations during the same period. The potential switch to active management comes as exchange-traded funds using the strategy have continued to pick up assets in 2023 as larger index funds have posted lackluster returns so far this year. The largest and oldest U.S.-listed ETF, theSPDR S&P 500 ETF Trust (SPY),lost $11.4 billion in February alone, as its underlying index dipped 2.6% during the month on continued fears of sticky inflation and high interest rates. About one-third of all exchange-traded products are actively managed, with $396 billion in assets under management, according to ETF.com data. Still, they make up a small but growing fraction of the $6.9 trillion ETF industry. Active ETFs have pulled in a total of $16.8 billion through Feb. 22. Almost 48% of actively managed ETFs had positive inflows compared to roughly 45% of passively managed ETFs. According to the report, the gap between active and passive fund assets narrowed to $1.2 trillion at the end of last year, compared with a nearly $3 trillion gap a year prior. Institutional investors want actively managed portfolios, the research shows, with nearly one-third stating they expect to increase their allocations to U.S. equity. According to Cerulli researchers, nearly one-third of institutional investors indicated they would add exposure to U.S. equity ETFs and mutual funds, while 21% of respondents said they would do the same for global equity allocations. International equity ETFs have gathered $27.8 billion in the first two months of 2023, according to ETF.com data, with the most popular international equity funds including theJPMorgan BetaBuilders Europe ETF (BBEU)and theiShares Core MSCI Emerging Markets ETF (IEMG). The two funds have collectively gathered $9.6 billion year to date, ETF.com data shows. Contact Shubham [email protected] Recommended Stories • What Is a Covered Call ETF? • Grayscale on the 'Holy Grail of Bitcoin ETFs’: Spot Bitcoin ETF • Why Mutual Fund Companies Are Entering the ETF Industry • Hot Reads: Investors Turned Away From Passive ETFs in February Permalink\| © Copyright 2023ETF.com.All rights reserved... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian crypto asset manager 3iQ linked its decline to U.S. regulatory woes and also noted that "market liquidity remains heavily tilted to Asia."\nInsights:With MiCA and a separate crypto-related rule, European legislators have built a promising, regulatory foundation for digital assets. U.S. efforts remain disjointed and counterproductive, CoinDesk columnist Daniel Kuhn writes in The Node.\nCoinDesk Market Index (CMI)\n1,231\n−17.2▼1.4%\nBitcoin (BTC)\n$28,113\n−777.4▼2.7%\nEthereum (ETH)\n$1,936\n−9.2▼0.5%\nS&P 500\n4,129.79\n−24.7▼0.6%\nGold\n$2,013\n+18.2▲0.9%\nNikkei 225\n28,657.57\n+50.8▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u221217.2\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,113", "\\u2212777.4\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,936", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,129.79", "\\u221224.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,013", "+18.2\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,657.57", "+50.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Decline Due to U.S. Regulatory Woes\nU.S. crypto regulatory woes have been weighing heavily on bitcoin.\nSo wrote Mark Connors, the head of research at Canadian crypto asset manager 3iQ, in a series of texts discussing BTC\'s stumble from what seemed safe heights above $30,000.\n"The Kabuki theatre that unfolded in Washington this week suggests Asia and other jurisdictions will continue to gain market share from the U.S., Connors wrote to CoinDesk, adding: "Coinbase’s decision to get licensed in Bermuda to launch an exchange as early as next week shows that U.S. digital asset companies are now voting with their feet. So this week we had both price and regulatory volatility, with only one clear loser, the U.S. economy."\nThe largest cryptocurrency by market capitalization was recently trading at about $28,100, down about 2.7% over the past 24 hours. But earlier on Thursday, bitcoin fell briefly to $27,991 on Coinbase, its lowest level since April 9. The decline continued a two-day slump that started early Wednesday amid a hot U.K. inflation report and massive sell-off on Binance. BTC is down about 10% from last week\'s high near $31,000 with investors more fretful than upbeat about crypto assets\' path forward.\nConnors noted that "market liquidity remains heavily tilted to Asia, so he was "not surprised to see bitcoin\'s downswing start as markets in that part of the world closed. "Remember, last May and June dislocations occurred in a similar window," he wrote.\nEther was recently changing hands at about $1,936, off a few fractions of a point and well off its recent, Shanghai upgrade highs above $2,100. Other major cryptos were largely in the red, mostly darker shades. XRP, the token of the XRP open-source public blockchain XRP Ledger, and ARB, the native crypto of the Arbitrum layer 2 blockchain, were both down more than 3.5%. TheCoinDesk Market Index, a measure of crypto markets overall performance, was recently down 1.3%.\nEquity markets fell, albeit not severely, with the tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, off 0.8% and 0.6%, respectively. Gold hovered comfortably over $2,000, suggesting that investor appetites for assets that hold their value in good times and bad remained strong.\nDespite encouraging first-quarter earnings from a number of major banks, investors remain warily watchful, given the decline of a number of important economic indicators that may foreshadow recession. Recent jobs data has indicated a fall-off in the torrid employment market, and on Thursday, the National Association of Realtors monthly report showed home prices registering their biggest decline since 2012 and mortgage rates rising.\nMeanwhile, Connors wrote that "more volatility" was likely in store, "but not the [year-to-date] ‘upside’ volatility we have seen so far in 2023."\n"We may be entering a period of consolidation as U.S. regulation dims hopes and prompts regulatory reboots by many players. Both are counteracting the long running and structural tailwinds for BTC" that the company highlighted in its 2023 outlook.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.3%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.0%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nWhy the EU Has MiCA and the U.S. Has Securities Law Confusion\nThe European Parliament went ahead and did it: Today, after years of deliberations and at least twoofficial delays, the landmark Markets in Crypto-Assets (MiCA) regulatory framework was voted in. European Union legislators also passed a separate crypto-related rule known as the Transfer of Funds regulation that imposes stronger surveillance and identification requirements for crypto operators, CoinDesk’sJack Schickler reported.\nThe rules were described as a"world first”by the European Commission\'s Mairead McGuinness, and also an “end of the Wild West era for crypto assets," according to Green Party lawmaker Ernest Urtasun. The laws, which will be enforced at the state-level, still need to be officially approved by the supra-governmental body called the EU Council, are just about cleared to take effect next year. (The Council’s approval is more of a formality at this point, considering it already approved the text of the law last year.)\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nFor many, MiCA represents a crucial step forward for the crypto industry. It’s the first major attempt to provide a comprehensive set of rules for crypto companies so they know in advance what they can and cannot do and where their responsibilities lie if they want to operate in the 27-nation strong trading bloc. The European Unionhopes it sets the global standard(and, in some sense, is worried about MiCA’s effectiveness in the EU if similar rules are not adopted everywhere).\nCoinDeskhaswrittena numberof overviewsof the legal framework. But. in short, MiCA requires crypto firms – like wallet providers and exchanges – to be licensed by the EU, and comply with money laundering and terrorism finance safeguards if they want to serve EU-based customers. Some have balked at the reporting standards, which will undoubtedly weaken privacy for crypto users in the name of customer safety and national security.\nRead the full storyhere:\n3:30 p.m. HKT/SGT(7:30 UTC)Germany S&P Global/BME Composite PMI (April)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMI (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEU Vote Finalizes Agreement on Landmark MiCA Regulation; Bitcoin Falls Again\nLawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers joined the conversation. This came as bitcoin (BTC) fell for a second straight day, touching a 10-day low. Options Insights founder Imran Lakha shared his crypto markets analysis. And, Lukso co-founder Marjorie Hernandez discussed why the layer 1 blockchain for creative types is opening a smart contract that lets original validators participate in running the blockchain.\nNFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows:According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales.\nCrypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield:The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.\nBitcoin\'s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say:The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.\nDeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation:The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures.\nTornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules:Alexey Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian crypto asset manager 3iQ linked its decline to U.S. regulatory woes and also noted that "market liquidity remains heavily tilted to Asia." Insights: With MiCA and a separate crypto-related rule, European legislators have built a promising, regulatory foundation for digital assets. U.S. efforts remain disjointed and counterproductive, CoinDesk columnist Daniel Kuhn writes in The Node. Prices CoinDesk Market Index (CMI) 1,231 −17.2 ▼ 1.4% Bitcoin (BTC) $28,113 −777.4 ▼ 2.7% Ethereum (ETH) $1,936 −9.2 ▼ 0.5% S&P 500 4,129.79 −24.7 ▼ 0.6% Gold $2,013 +18.2 ▲ 0.9% Nikkei 225 28,657.57 +50.8 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,231 −17.2 ▼ 1.4% Bitcoin (BTC) $28,113 −777.4 ▼ 2.7% Ethereum (ETH) $1,936 −9.2 ▼ 0.5% S&P 500 4,129.79 −24.7 ▼ 0.6% Gold $2,013 +18.2 ▲ 0.9% Nikkei 225 28,657.57 +50.8 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Decline Due to U.S. Regulatory Woes U.S. crypto regulatory woes have been weighing heavily on bitcoin. So wrote Mark Connors, the head of research at Canadian crypto asset manager 3iQ, in a series of texts discussing BTC\'s stumble from what seemed safe heights above $30,000. "The Kabuki theatre that unfolded in Washington this week suggests Asia and other jurisdictions will continue to gain market share from the U.S., Connors wrote to CoinDesk, adding: "Coinbase’s decision to get licensed in Bermuda to launch an exchange as early as next week shows that U.S. digital asset companies are now voting with their feet. So this week we had both price and regulatory volatility, with only one clear loser, the U.S. economy." Story continues The largest cryptocurrency by market capitalization was recently trading at about $28,100, down about 2.7% over the past 24 hours. But earlier on Thursday, bitcoin fell briefly to $27,991 on Coinbase, its lowest level since April 9. The decline continued a two-day slump that started early Wednesday amid a hot U.K. inflation report and massive sell-off on Binance. BTC is down about 10% from last week\'s high near $31,000 with investors more fretful than upbeat about crypto assets\' path forward. Connors noted that "market liquidity remains heavily tilted to Asia, so he was "not surprised to see bitcoin\'s downswing start as markets in that part of the world closed. "Remember, last May and June dislocations occurred in a similar window," he wrote. Ether was recently changing hands at about $1,936, off a few fractions of a point and well off its recent, Shanghai upgrade highs above $2,100. Other major cryptos were largely in the red, mostly darker shades. XRP, the token of the XRP open-source public blockchain XRP Ledger, and ARB, the native crypto of the Arbitrum layer 2 blockchain, were both down more than 3.5%. The CoinDesk Market Index , a measure of crypto markets overall performance, was recently down 1.3%. Equity markets fell, albeit not severely, with the tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, off 0.8% and 0.6%, respectively. Gold hovered comfortably over $2,000, suggesting that investor appetites for assets that hold their value in good times and bad remained strong. Despite encouraging first-quarter earnings from a number of major banks, investors remain warily watchful, given the decline of a number of important economic indicators that may foreshadow recession. Recent jobs data has indicated a fall-off in the torrid employment market, and on Thursday, the National Association of Realtors monthly report showed home prices registering their biggest decline since 2012 and mortgage rates rising. Meanwhile, Connors wrote that "more volatility" was likely in store, "but not the [year-to-date] ‘upside’ volatility we have seen so far in 2023." "We may be entering a period of consolidation as U.S. regulation dims hopes and prompts regulatory reboots by many players. Both are counteracting the long running and structural tailwinds for BTC" that the company highlighted in its 2023 outlook. Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −6.3% Currency Decentraland MANA −5.0% Entertainment Cardano ADA −4.7% Smart Contract Platform Insights Why the EU Has MiCA and the U.S. Has Securities Law Confusion The European Parliament went ahead and did it: Today, after years of deliberations and at least two official delays , the landmark Markets in Crypto-Assets (MiCA) regulatory framework was voted in. European Union legislators also passed a separate crypto-related rule known as the Transfer of Funds regulation that imposes stronger surveillance and identification requirements for crypto operators, CoinDesk’s Jack Schickler reported . The rules were described as a "world first” by the European Commission\'s Mairead McGuinness, and also an “end of the Wild West era for crypto assets," according to Green Party lawmaker Ernest Urtasun. The laws, which will be enforced at the state-level, still need to be officially approved by the supra-governmental body called the EU Council, are just about cleared to take effect next year. (The Council’s approval is more of a formality at this point, considering it already approved the text of the law last year.) This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . For many, MiCA represents a crucial step forward for the crypto industry. It’s the first major attempt to provide a comprehensive set of rules for crypto companies so they know in advance what they can and cannot do and where their responsibilities lie if they want to operate in the 27-nation strong trading bloc. The European Union hopes it sets the global standard (and, in some sense, is worried about MiCA’s effectiveness in the EU if similar rules are not adopted everywhere). CoinDesk has written a number of overviews of the legal framework. But. in short, MiCA requires crypto firms – like wallet providers and exchanges – to be licensed by the EU, and comply with money laundering and terrorism finance safeguards if they want to serve EU-based customers. Some have balked at the reporting standards, which will undoubtedly weaken privacy for crypto users in the name of customer safety and national security. Read the full story here : Important events 3:30 p.m. HKT/SGT(7:30 UTC) Germany S&P Global/BME Composite PMI (April) 4:30 p.m. HKT/SGT(8:30 UTC) United Kingdom S&P Global/CIPS Services PMI (April) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Retail Sales (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : EU Vote Finalizes Agreement on Landmark MiCA Regulation; Bitcoin Falls Again Lawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers joined the conversation. This came as bitcoin (BTC) fell for a second straight day, touching a 10-day low. Options Insights founder Imran Lakha shared his crypto markets analysis. And, Lukso co-founder Marjorie Hernandez discussed why the layer 1 blockchain for creative types is opening a smart contract that lets original validators participate in running the blockchain. Headlines NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows: According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales. Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield: The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm. Bitcoin\'s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say: The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average. DeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation: The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures. Tornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules: Alexey Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian crypto asset manager 3iQ linked its decline to U.S. regulatory woes and also noted that "market liquidity remains heavily tilted to Asia."\nInsights:With MiCA and a separate crypto-related rule, European legislators have built a promising, regulatory foundation for digital assets. U.S. efforts remain disjointed and counterproductive, CoinDesk columnist Daniel Kuhn writes in The Node.\nCoinDesk Market Index (CMI)\n1,231\n−17.2▼1.4%\nBitcoin (BTC)\n$28,113\n−777.4▼2.7%\nEthereum (ETH)\n$1,936\n−9.2▼0.5%\nS&P 500\n4,129.79\n−24.7▼0.6%\nGold\n$2,013\n+18.2▲0.9%\nNikkei 225\n28,657.57\n+50.8▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u221217.2\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,113", "\\u2212777.4\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,936", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,129.79", "\\u221224.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,013", "+18.2\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,657.57", "+50.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Decline Due to U.S. Regulatory Woes\nU.S. crypto regulatory woes have been weighing heavily on bitcoin.\nSo wrote Mark Connors, the head of research at Canadian crypto asset manager 3iQ, in a series of texts discussing BTC\'s stumble from what seemed safe heights above $30,000.\n"The Kabuki theatre that unfolded in Washington this week suggests Asia and other jurisdictions will continue to gain market share from the U.S., Connors wrote to CoinDesk, adding: "Coinbase’s decision to get licensed in Bermuda to launch an exchange as early as next week shows that U.S. digital asset companies are now voting with their feet. So this week we had both price and regulatory volatility, with only one clear loser, the U.S. economy."\nThe largest cryptocurrency by market capitalization was recently trading at about $28,100, down about 2.7% over the past 24 hours. But earlier on Thursday, bitcoin fell briefly to $27,991 on Coinbase, its lowest level since April 9. The decline continued a two-day slump that started early Wednesday amid a hot U.K. inflation report and massive sell-off on Binance. BTC is down about 10% from last week\'s high near $31,000 with investors more fretful than upbeat about crypto assets\' path forward.\nConnors noted that "market liquidity remains heavily tilted to Asia, so he was "not surprised to see bitcoin\'s downswing start as markets in that part of the world closed. "Remember, last May and June dislocations occurred in a similar window," he wrote.\nEther was recently changing hands at about $1,936, off a few fractions of a point and well off its recent, Shanghai upgrade highs above $2,100. Other major cryptos were largely in the red, mostly darker shades. XRP, the token of the XRP open-source public blockchain XRP Ledger, and ARB, the native crypto of the Arbitrum layer 2 blockchain, were both down more than 3.5%. TheCoinDesk Market Index, a measure of crypto markets overall performance, was recently down 1.3%.\nEquity markets fell, albeit not severely, with the tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, off 0.8% and 0.6%, respectively. Gold hovered comfortably over $2,000, suggesting that investor appetites for assets that hold their value in good times and bad remained strong.\nDespite encouraging first-quarter earnings from a number of major banks, investors remain warily watchful, given the decline of a number of important economic indicators that may foreshadow recession. Recent jobs data has indicated a fall-off in the torrid employment market, and on Thursday, the National Association of Realtors monthly report showed home prices registering their biggest decline since 2012 and mortgage rates rising.\nMeanwhile, Connors wrote that "more volatility" was likely in store, "but not the [year-to-date] ‘upside’ volatility we have seen so far in 2023."\n"We may be entering a period of consolidation as U.S. regulation dims hopes and prompts regulatory reboots by many players. Both are counteracting the long running and structural tailwinds for BTC" that the company highlighted in its 2023 outlook.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.3%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.0%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nWhy the EU Has MiCA and the U.S. Has Securities Law Confusion\nThe European Parliament went ahead and did it: Today, after years of deliberations and at least twoofficial delays, the landmark Markets in Crypto-Assets (MiCA) regulatory framework was voted in. European Union legislators also passed a separate crypto-related rule known as the Transfer of Funds regulation that imposes stronger surveillance and identification requirements for crypto operators, CoinDesk’sJack Schickler reported.\nThe rules were described as a"world first”by the European Commission\'s Mairead McGuinness, and also an “end of the Wild West era for crypto assets," according to Green Party lawmaker Ernest Urtasun. The laws, which will be enforced at the state-level, still need to be officially approved by the supra-governmental body called the EU Council, are just about cleared to take effect next year. (The Council’s approval is more of a formality at this point, considering it already approved the text of the law last year.)\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nFor many, MiCA represents a crucial step forward for the crypto industry. It’s the first major attempt to provide a comprehensive set of rules for crypto companies so they know in advance what they can and cannot do and where their responsibilities lie if they want to operate in the 27-nation strong trading bloc. The European Unionhopes it sets the global standard(and, in some sense, is worried about MiCA’s effectiveness in the EU if similar rules are not adopted everywhere).\nCoinDeskhaswrittena numberof overviewsof the legal framework. But. in short, MiCA requires crypto firms – like wallet providers and exchanges – to be licensed by the EU, and comply with money laundering and terrorism finance safeguards if they want to serve EU-based customers. Some have balked at the reporting standards, which will undoubtedly weaken privacy for crypto users in the name of customer safety and national security.\nRead the full storyhere:\n3:30 p.m. HKT/SGT(7:30 UTC)Germany S&P Global/BME Composite PMI (April)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMI (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEU Vote Finalizes Agreement on Landmark MiCA Regulation; Bitcoin Falls Again\nLawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers joined the conversation. This came as bitcoin (BTC) fell for a second straight day, touching a 10-day low. Options Insights founder Imran Lakha shared his crypto markets analysis. And, Lukso co-founder Marjorie Hernandez discussed why the layer 1 blockchain for creative types is opening a smart contract that lets original validators participate in running the blockchain.\nNFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows:According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales.\nCrypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield:The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.\nBitcoin\'s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say:The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.\nDeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation:The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures.\nTornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules:Alexey Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.', 'The stock market is healing andtrending in the right directionafter a miserable 2022. But the gains this year have not been even. Some sectors,such as pharmaceuticalsand retail, continue to struggle. Meanwhile, tech names are among the hottest stocks, and cryptocurrencies are red-hot as well.\nKnowing where to put capital to work in a market like this is important. This is especially true since the market recovery is likely to continue in fits and starts amid signs the economy is slowing. Corporate earnings are proving to be a mixed bag and more interest rate hikes are likely in the near term.\nThe names below are among the hottest stocks and cryptos on the market right now, having significantly outperformed the broader market so far this year.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"AMD": "ETH-USD", "Advanced Mirco Devices": "Ethereum", "$90.11": "$1,943.45"}, {"AMD": "PANW", "Advanced Mirco Devices": "Palo Alto Networks", "$90.11": "$192.27"}]\nSource: JHVEPhoto / Shutterstock.com\nSemiconductor stocksare making a big comeback this year. Within the sector,Advanced Micro Devices(NASDAQ:AMD) has been one of the best performers recently, rising 39% year to date and more than 57% over the past six months.\nInvestor sentiment toward AMD and other semiconductor and microchip manufacturers improved as global supply chain problems eased and as artificial intelligence (AI) has dominated headlineswith the advent of large language models such as ChatGPT. It is chips designed by AMD and others that are expected to power the development of AI technology. Additionally, AMD continues totake market sharefrom its chief rival,Intel(NASDAQ:INTC).\nOn Jan. 31, thecompany reportedbetter-than-expected Q4 revenue and earnings. This positive print stood in sharp contrast to the nightmarish results issued by Intel thatsent its shares spiraling. While AMD did warn of a 10% decline in year-over-year sales for this year’s first quarter, the company has a history of under-promising and over-delivering.\nSource: Filippo Ronca Cavalcanti / Shutterstock.com\nThe entire cryptocurrency sector has been red-hot this year. However, no crypto is hotter right now thanEthereum(ETH-USD). Coming off its recentShanghai hard fork, or “Shapella” upgrade, ETHran up past $2,000. While the token has given back some of those gains, it is still up nearly 7% so far this month and more than 60% this year.\nThe Shanghai hard fork allows people to access the cryptocurrency more easily, and analysts have said it could potentiallyunlock more than $30 billion of liquidityin Ethereum. The upgrade provides more liquidity by allowing investors to withdraw their staked assets quickly and efficiently.\nThe latest upgrade followsthe “Merge,”which occurred in September and made Ethereum the most energy-efficient cryptocurrency to validate. Some ETH bulls claim that it isonly a matter of timebefore it surpassesBitcoin(BTC-USD) in price.\nSource: Sundry Photography / Shutterstock.com\nShares of cybersecurity companyPalo Alto Networks(NASDAQ:PANW) have been on a run, gaining 38% so far this year. This includes the 12.5% boost the stock got after the company reported itslatest quarterly resultson Feb. 21. In fact, PANW stock has been galloping ahead since the company turned profitable last year, ending more than a decade of red ink.\nFor itsmost recently reported quarter, Palo Alto Networks announced earnings of $1.05 per share, which trounced analysts’ consensus forecast of 78 cents. Meanwhile, revenue rose 26% year over year to $1.7 billion. Management also issued strong guidance, saying it should achieve adjusted earnings per share of $3.97 to $4.03 for fiscal 2023.\nNot only does Palo Alto Networks continue to grow its customer base at a fast clip, but it is also growing through acquisitions,spending nearly $4 billionto purchase smaller cybersecurity firms.\nOn the date of publication, Joel Bagloledid not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nJoel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe postThe 3 Hottest Stocks and Cryptos on the Marketappeared first onInvestorPlace.', 'The stock market is healing and trending in the right direction after a miserable 2022. But the gains this year have not been even. Some sectors, such as pharmaceuticals and retail, continue to struggle. Meanwhile, tech names are among the hottest stocks, and cryptocurrencies are red-hot as well. Knowing where to put capital to work in a market like this is important. This is especially true since the market recovery is likely to continue in fits and starts amid signs the economy is slowing. Corporate earnings are proving to be a mixed bag and more interest rate hikes are likely in the near term. The names below are among the hottest stocks and cryptos on the market right now, having significantly outperformed the broader market so far this year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMD Advanced Mirco Devices $90.11 ETH-USD Ethereum $1,943.45 PANW Palo Alto Networks $192.27 Advanced Micro Devices (AMD) Sign of AMD office in Markham, Ontario, Canada. Advanced Micro Devices, Inc. is an American multinational semiconductor company. Source: JHVEPhoto / Shutterstock.com Semiconductor stocks are making a big comeback this year. Within the sector, Advanced Micro Devices (NASDAQ: AMD ) has been one of the best performers recently, rising 39% year to date and more than 57% over the past six months. Investor sentiment toward AMD and other semiconductor and microchip manufacturers improved as global supply chain problems eased and as artificial intelligence ( AI) has dominated headlines with the advent of large language models such as ChatGPT. It is chips designed by AMD and others that are expected to power the development of AI technology. Additionally, AMD continues to take market share from its chief rival, Intel (NASDAQ: INTC ). On Jan. 31, the company reported better-than-expected Q4 revenue and earnings. This positive print stood in sharp contrast to the nightmarish results issued by Intel that sent its shares spiraling . While AMD did warn of a 10% decline in year-over-year sales for this year’s first quarter, the company has a history of under-promising and over-delivering. Story continues Ethereum (ETH) A concept image of a virtual coin based on the Ethereum logo. Source: Filippo Ronca Cavalcanti / Shutterstock.com The entire cryptocurrency sector has been red-hot this year. However, no crypto is hotter right now than Ethereum ( ETH-USD ). Coming off its recent Shanghai hard fork , or “Shapella” upgrade, ETH ran up past $2,000 . While the token has given back some of those gains, it is still up nearly 7% so far this month and more than 60% this year. The Shanghai hard fork allows people to access the cryptocurrency more easily, and analysts have said it could potentially unlock more than $30 billion of liquidity in Ethereum. The upgrade provides more liquidity by allowing investors to withdraw their staked assets quickly and efficiently. The latest upgrade follows the “Merge,” which occurred in September and made Ethereum the most energy-efficient cryptocurrency to validate. Some ETH bulls claim that it is only a matter of time before it surpasses Bitcoin ( BTC-USD ) in price. Palo Alto Networks (PANW) Palo Alto Networks (PANW) logo on corporate building Source: Sundry Photography / Shutterstock.com Shares of cybersecurity company Palo Alto Networks (NASDAQ: PANW ) have been on a run, gaining 38% so far this year. This includes the 12.5% boost the stock got after the company reported its latest quarterly results on Feb. 21. In fact, PANW stock has been galloping ahead since the company turned profitable last year, ending more than a decade of red ink. For its most recently reported quarter , Palo Alto Networks announced earnings of $1.05 per share, which trounced analysts’ consensus forecast of 78 cents. Meanwhile, revenue rose 26% year over year to $1.7 billion. Management also issued strong guidance, saying it should achieve adjusted earnings per share of $3.97 to $4.03 for fiscal 2023. Not only does Palo Alto Networks continue to grow its customer base at a fast clip, but it is also growing through acquisitions, spending nearly $4 billion to purchase smaller cybersecurity firms. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Wall Street Titan: Here’s My #1 Stock for 2023 It doesn’t matter if you have $500 or $5 million. Do this now. The post The 3 Hottest Stocks and Cryptos on the Market appeared first on InvestorPlace .', 'Despite concerns over Bitcoin mining’s energy consumption, Bitcoin mining has the potential to be a net positive for humanity’s relationship with energy and sustainability. This can be achieved by the mining industry using intermittent, stranded and waste power sources and subsidizing sustainable energy. A less-explored opportunity is to collect and redirect the excess heat generated by Bitcoin mining for other heating needs. This Earth Day, let us consider how Bitcoin mining can not only help our planet and improve humanity’s relationship with energy by serving as a buyer of zero-carbon energy, but it can also serve as a producer of recyclable and reusable energy.\nMany of Bitcoin’s critics are understandably worried about Bitcoin’s rising energy consumption.\xa0TheCambridge Bitcoin Electricity Consumption Indexindicates that Bitcoin’s electricity consumption has only ever gone up since the digital asset’s inception. Similarly,Bitcoin’s greenhouse gas emissions— although there have been ups and downs — have also grown over time.\nBut Bitcoin’s energy consumption is not the whole story.\nBitcoin mining produces a lot of heat, and harnessing and redirecting that excess heat is not just a theoretical possibility. In fact,there are already plans for a Canadian cityto be heated by Bitcoin miners. An energy provider, Lonsdale Energy Corporation, and MintGreen, a Bitcoin mining company, are partnering up to provide at least some of the heat demanded by the residents of North Vancouver.\nMintGreen will recycle about 20,000 tons of toxic gas per megawatt that would have otherwise entered the atmosphere and contributed to global warming. Instead, this liability of toxic emissions will be turned into an asset: Over 95% of the energy that the miners initially consume will be converted into thermal energy that will be used to heat several buildings. Since Bitcoin miners can run continuously, and because there will almost certainly always be a supply of Bitcoin miners available, the city will be able to rely on their excess heat during any month of any year.\nThis endeavor is not a pie-in-the-sky dream. MintGreenhad already made dealswith the Vancouver Island Sea Salt facility and Shelter Point Distillery to sell them heat during frigid Canadian winters.\nBitcoin mining’s versatility also allows its excess heat to be used for recreational ends. For example, it costs between US$2,000 and US$5,000 to heat a typical swimming pool. Bitcoin mining can turn this money sink and associated energy consumption into a zero-cost endeavor. All you have to do is connect your Bitcoin mining machine to your pool’s water pump. You simultaneously earn the hardest asset ever created andheat your poolat no additional charge.\nWhile heating a swimming pool is an amusing application, Bitcoin miners’ excess heat has more profound use cases for humanity. Companies are already collaborating with researchers to create greenhouses that are heated by Bitcoin mining.\nIn the Netherlands, the heat from Bitcoin mining is warming a greenhouse for tulips and cutting the flower farmers’ reliance on gas, which has become more expensive since Russia’s war on Ukraine.In Sweden, another mining company’s 600-kilowatt ASIC machines’ heat is directed toward warming a 300-square-meter greenhouse in which fruit and vegetables are grown. The miners are embedded in a data center container, which is fitted with an air duct apparatus that draws heat from the ASICs and sends it to the greenhouse. In theory, this would keep the greenhouse at 77 degrees Fahrenheit continuously. Considering that the temperature of the area drops to minus 22 degrees Fahrenheit in wintertime, the potential savings on heat costs and use are significant.\nJust as Bitcoin mining can make good use of intermittent, stranded and waste energy sources, recycling and reusing miners’ waste heat can potentially increase the profitability and sustainability of indoor farming and food production. As one researchersaid, “A 1 [megawatt] data center would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market.”\nNot everyone is excited about Bitcoin miners’ heat, especially those who suffer from its unintended consequences. For example, residents near Seneca Lake in upstate New York have complained that a nearby power plant’s collaboration with over 8,000 miners has caused their lake to “feel like you’re in a hot tub.”\nThe power plant takes in 139 million gallons of water from the lake and gives back 135 million gallons every day. The water that is recycled back into the lake gets up to 108 degrees Fahrenheit in the summer. To be sure, solutions can in principle be found, but we must nevertheless admit that sometimes miners’ heat can affect a community’s environment in ways that people do not enjoy.\nAside from Bitcoin mininghelping subsidize renewable energy, our ability to harness and direct its excess heat is yet another way that Bitcoin can help combat climate change. Less than a decade ago, Imperial College London estimated that heating residential and commercial buildings accounted foralmost halfof all energy consumption and 40% of all energy-related carbon dioxide emissions. If all of this heat could be provided by carbon-neutral sources, it could be the most revolutionary impact on climate change in a generation.\nOn the face of it, replacing carbon-emitting heat sources with the excess heat of Bitcoin miners may not make enough of a difference. After all, if Bitcoin miners are themselves fueled by carbon-intensive fuel sources, then heating one’s home with miners’ excess heat does not necessarily reduce enough emissions for us to meet our climate goals.\nBut Bitcoin miners are unique in their ability to render viable renewable energy sources that would have not been profitable in the miners’ absence. Heating commercial and residential buildings with miners’ excess heat really could help put a dent in humanity’s carbon emissions — provided that the miners themselves are powered by, say, solar energy.\nWe have already seen that heating buildings and powering indoor farms with Bitcoin miners’ excess heat is not a pipe dream but a reality. It may not be a big leap to imagine what a difference it could make on our planet if Bitcoin miners could themselves be fueled entirely by carbon-neutral sources.', 'Despite concerns over Bitcoin mining’s energy consumption, Bitcoin mining has the potential to be a net positive for humanity’s relationship with energy and sustainability. This can be achieved by the mining industry using intermittent, stranded and waste power sources and subsidizing sustainable energy. A less-explored opportunity is to collect and redirect the excess heat generated by Bitcoin mining for other heating needs. This Earth Day, let us consider how Bitcoin mining can not only help our planet and improve humanity’s relationship with energy by serving as a buyer of zero-carbon energy, but it can also serve as a producer of recyclable and reusable energy.\nMany of Bitcoin’s critics are understandably worried about Bitcoin’s rising energy consumption.\xa0TheCambridge Bitcoin Electricity Consumption Indexindicates that Bitcoin’s electricity consumption has only ever gone up since the digital asset’s inception. Similarly,Bitcoin’s greenhouse gas emissions— although there have been ups and downs — have also grown over time.\nBut Bitcoin’s energy consumption is not the whole story.\nBitcoin mining produces a lot of heat, and harnessing and redirecting that excess heat is not just a theoretical possibility. In fact,there are already plans for a Canadian cityto be heated by Bitcoin miners. An energy provider, Lonsdale Energy Corporation, and MintGreen, a Bitcoin mining company, are partnering up to provide at least some of the heat demanded by the residents of North Vancouver.\nMintGreen will recycle about 20,000 tons of toxic gas per megawatt that would have otherwise entered the atmosphere and contributed to global warming. Instead, this liability of toxic emissions will be turned into an asset: Over 95% of the energy that the miners initially consume will be converted into thermal energy that will be used to heat several buildings. Since Bitcoin miners can run continuously, and because there will almost certainly always be a supply of Bitcoin miners available, the city will be able to rely on their excess heat during any month of any year.\nThis endeavor is not a pie-in-the-sky dream. MintGreenhad already made dealswith the Vancouver Island Sea Salt facility and Shelter Point Distillery to sell them heat during frigid Canadian winters.\nBitcoin mining’s versatility also allows its excess heat to be used for recreational ends. For example, it costs between US$2,000 and US$5,000 to heat a typical swimming pool. Bitcoin mining can turn this money sink and associated energy consumption into a zero-cost endeavor. All you have to do is connect your Bitcoin mining machine to your pool’s water pump. You simultaneously earn the hardest asset ever created andheat your poolat no additional charge.\nWhile heating a swimming pool is an amusing application, Bitcoin miners’ excess heat has more profound use cases for humanity. Companies are already collaborating with researchers to create greenhouses that are heated by Bitcoin mining.\nIn the Netherlands, the heat from Bitcoin mining is warming a greenhouse for tulips and cutting the flower farmers’ reliance on gas, which has become more expensive since Russia’s war on Ukraine.In Sweden, another mining company’s 600-kilowatt ASIC machines’ heat is directed toward warming a 300-square-meter greenhouse in which fruit and vegetables are grown. The miners are embedded in a data center container, which is fitted with an air duct apparatus that draws heat from the ASICs and sends it to the greenhouse. In theory, this would keep the greenhouse at 77 degrees Fahrenheit continuously. Considering that the temperature of the area drops to minus 22 degrees Fahrenheit in wintertime, the potential savings on heat costs and use are significant.\nJust as Bitcoin mining can make good use of intermittent, stranded and waste energy sources, recycling and reusing miners’ waste heat can potentially increase the profitability and sustainability of indoor farming and food production. As one researchersaid, “A 1 [megawatt] data center would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market.”\nNot everyone is excited about Bitcoin miners’ heat, especially those who suffer from its unintended consequences. For example, residents near Seneca Lake in upstate New York have complained that a nearby power plant’s collaboration with over 8,000 miners has caused their lake to “feel like you’re in a hot tub.”\nThe power plant takes in 139 million gallons of water from the lake and gives back 135 million gallons every day. The water that is recycled back into the lake gets up to 108 degrees Fahrenheit in the summer. To be sure, solutions can in principle be found, but we must nevertheless admit that sometimes miners’ heat can affect a community’s environment in ways that people do not enjoy.\nAside from Bitcoin mininghelping subsidize renewable energy, our ability to harness and direct its excess heat is yet another way that Bitcoin can help combat climate change. Less than a decade ago, Imperial College London estimated that heating residential and commercial buildings accounted foralmost halfof all energy consumption and 40% of all energy-related carbon dioxide emissions. If all of this heat could be provided by carbon-neutral sources, it could be the most revolutionary impact on climate change in a generation.\nOn the face of it, replacing carbon-emitting heat sources with the excess heat of Bitcoin miners may not make enough of a difference. After all, if Bitcoin miners are themselves fueled by carbon-intensive fuel sources, then heating one’s home with miners’ excess heat does not necessarily reduce enough emissions for us to meet our climate goals.\nBut Bitcoin miners are unique in their ability to render viable renewable energy sources that would have not been profitable in the miners’ absence. Heating commercial and residential buildings with miners’ excess heat really could help put a dent in humanity’s carbon emissions — provided that the miners themselves are powered by, say, solar energy.\nWe have already seen that heating buildings and powering indoor farms with Bitcoin miners’ excess heat is not a pipe dream but a reality. It may not be a big leap to imagine what a difference it could make on our planet if Bitcoin miners could themselves be fueled entirely by carbon-neutral sources.', 'Despite concerns over Bitcoin mining\x92s energy consumption, Bitcoin mining has the potential to be a net positive for humanity\x92s relationship with energy and sustainability. This can be ach Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $542,731,572,594 - Hash Rate: 351118490.9644334 - Transaction Count: 352218.0 - Unique Addresses: 771581.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Marathon Digital Holdings, Inc. FORT LAUDERDALE, Fla., March 31, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company") , a leader in supporting and securing the Bitcoin ecosystem, announced that Chief Financial Officer Hugh Gallagher has informed the Company that he intends to retire effective May 12, 2023. The Company has initiated an external search for a new Chief Financial Officer. “I joined Marathon to support the organization through its large expansion plans and to help build the Company’s finance team,” said Hugh Gallagher. “With hash rate growing and becoming more stable and with the team now in a stronger position, I made the decision to retire. I am proud of the progress we made during my tenure, especially given the various challenges the team overcame in 2022. I would like to thank Fred and the board for the opportunity and for their support, and I wish the entire Marathon team continued success.” Fred Thiel, Marathon’s chairman and CEO, commented, “Hugh played an instrumental role in developing our finance strategy, building our finance team, and helping us transition from an early-stage company into a more sophisticated organization. We are grateful for his contributions and for the strong foundation he helped lay. On behalf of the entire team at Marathon, I would like to thank Hugh for his service to the Company. He has been a valuable asset, and we wish him well in his retirement. With the external search for a new CFO already in progress, we look forward to continuing to build the team at Marathon and establishing the Company as a leader in the Bitcoin mining industry.” Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the SEC on March 16, 2023. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of March 2023. See "Forward-Looking Statements" below. Story continues Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The Company is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America. Marathon Digital Holdings Company Contact: Telephone: 800-804-1690 Email: [email protected]... - Reddit Posts (Sample): [['u/Curious-Phi', 'Cathie Wood projects $2000 per share for TSLA and $1Million for BTC.', 42, '2023-04-21 02:29', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/', 'Where will this money me from?', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/', '12tkihp', [['u/radoslaf', 17, '2023-04-21 03:35', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/jh3amti/', 'Her spider senses can only rival Cramer', '12tkihp'], ['u/VegasVator', 15, '2023-04-21 05:05', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/jh3ltfc/', "I'm projecting TSLA to $420 per share and 69million for BTC. Who cares what Cathie Woods or I fart out our mouths.", '12tkihp'], ['u/SnooWoofers7345', 12, '2023-04-21 07:23', 'https://www.reddit.com/r/TSLA/comments/12tkihp/cathie_wood_projects_2000_per_share_for_tsla_and/jh3zxhs/', 'Everyone loved her 2019/2020. Its easy to hate on bulls in a bear market.', '12tkihp']]], ['u/Sylerb', "During market dips, you shouldn't be paying alts that dump, but those that are still hoding up against btc", 12, '2023-04-21 04:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/', 'Many people in the space like to brag about buying the market dips, or buying X coin at 30% or more discount as if this is a supermarket lol. I get that sometimes these are mere jokes, but I would like to explain it to newbies who might get fooled by it.\n\nBasically, whenever btc dips( like it is doing now), you should buy alts that show strength relative to btc and don\'t dip as hard as other alts do, because those alts are the ones that are going to pump the hardest after that dip, unless their fundamentals go wrong( which is a risk you are taking by investing in any alt anyways).\n\nYou can compare the alt performance by using the alt/btc chart on TradingView or Coinmarketcap.. \n\nNow to explain why: first, that alt didn\'t dip as hard because its holders aren\'t willing to sell, which is already a good sign because it shows the strength of the alt\'s community. Second, it can mean that the alt has so much buy pressure for that alt that it outperforms btc and its dominance, which again is a bullish sign.\n\n Finally, crypto investors (or at least the not-so-degen ones) will buy that alt that is holding up against btc because they agree with this perspective, or simply because they see that alt as a safer coin to hold than the other alts given that it didn\'t crash as much. \n\nAs always, this is not financial advice.\n\nEdit: sorry for the typos in the title, I meant "buying alts" and "holding up".', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/', '12tmzhs', [['u/stupidcupid112', 10, '2023-04-21 04:11', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/jh3fcfr/', 'You forgot "This is not Financial Advice"', '12tmzhs'], ['u/FattestLion', 14, '2023-04-21 04:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12tmzhs/during_market_dips_you_shouldnt_be_paying_alts/jh3h8bw/', "during market dips it's okay to buy alts. During the market crashes you should probably buy BTC and ETH first, then when those rally significantly start to rotate your BTC and ETH into alts.\n\n\n\nI did not do this btw I yolo-ed into crashing alts in 2022 so I got rekt. Do as I say don't do as I do lol", '12tmzhs']]], ['u/shiningdialga13', 'My (probably crackpot) thought of a "non-crash" outcome for crypto', 13, '2023-04-21 04:40', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/', 'Not sure why this came to mind today, but as I\'ve been watching this whole Tether-Buttcoin spiral go on, I was thinking... Maybe this doesn\'t end in a spectacular crash. \n\nIf the USA, EU and other major countries crack down on stablecoins, they\'ll just move their operations to Russia and other sanction-dodging countries that would love a way to launder money. And them Tether just keeps minting and buying majority of BTC, keeps wash trading and keeps the price artificially high. Line keeps going up, but it doesn\'t even matter because there\'s no way to cash out and the only people left are the criminals and the delusional "hodlrs" hoping they\'ll have their Lambo someday. A self-contained crypto hell that becomes irrelevant to the rest of the world.\n\nThought in this? It seems logical to me but I don\'t know enough to say whether it\'s realistic or not.', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/', '12tntt5', [['u/robot_slave', 36, '2023-04-21 05:02', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/jh3lgjp/', "Real money has to keep exiting the system, to keep the miners' lights on.\n\nWhich means real money has to keep entering the system, too-- a bit-coin/tether merry-go-round isn't enough.\n\nThe miners need the money-launderers and ransomware victims to supply new real money, and they all need broker/dealers and exchanges to trade real money for tokens.", '12tntt5'], ['u/DKMuppy', 12, '2023-04-21 05:03', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/jh3lmzo/', "That's the million dollar question: will BTC experience a sudden death or a slow death. It's very possible that the Ponzi could last years before folks start trying to cash in on their BTC. Just look at Bernie Madoff.\n\nI'm convinced that it's going to be corporate greed by Tether or Binance that will push the bubble too far and catalyze a collapse. If you're Tether there is absolutely no incentive to stop printing endless amounts of money for yourself when there's no regulation or oversight to stop you. They've already printed $80 billion dollars, would not be surprised if they break $100 billion by the beginning of fall. It's just too profitable.", '12tntt5'], ['u/MammothReputation633', 10, '2023-04-21 10:05', 'https://www.reddit.com/r/Buttcoin/comments/12tntt5/my_probably_crackpot_thought_of_a_noncrash/jh4c2b6/', 'That’s a very clean way of looking at things. The miners are being paid to provide a service to the money launderers, who are will to put money into the system because it supports their profitable criminal enterprises. Everyone else is just a day trader being tricked to put money into the system but with no benefit coming in return.', '12tntt5']]], ['u/Potential-Coat-7233', 'Bitcoin by the math', 70, '2023-04-21 05:16', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/', 'The turning point for me in regards to crypto was when I heard Bitcoin could only handle 7 transactions per second. Yes there is lightning network, but the 7 tps is a major problem.\n\nIf you do the math, 7 transactions per second times 60 (seconds in a minute) times 60 (minutes in an hour) times 24 (hours in a day) times 365 days in a year, you get 220 million transactions in a year.\n\nThis may seem like a lot, but that number means if mass adoption happens, and 500 million people have Bitcoin, less than half of those people can have a transaction in a year.\n\nLightning doesn’t even truly solve this, since to open a lightning channel (and close it) you need a transaction. So again, if 500 million have bitcoin, only half of them can open or close a channel in a year.\n\nIt’s just so shitty.', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/', '12tookv', [['u/robot_slave', 59, '2023-04-21 05:22', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3nutq/', "Pretty well-known math, on this message-board at least. A reminder doesn't hurt, I suppose.", '12tookv'], ['u/iStayedAtaHolidayInn', 31, '2023-04-21 05:46', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3qh9r/', 'Few', '12tookv'], ['u/stormdelta', 45, '2023-04-21 06:15', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3tffl/', "In addition, any transactions made through a Lightning channel aren't actually settled until the channel is closed - which requires _another_ bitcoin transaction.\n\nAlso, net liquidity is limited to what you committed when opening the channel.", '12tookv'], ['u/NextRecipe', 49, '2023-04-21 06:24', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh3ue6a/', 'transactions', '12tookv'], ['u/dmis4dungeonmaster', 24, '2023-04-21 07:29', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh40etd/', 'For BTC itself, there are hundreds of Miners attempting to verify the same transaction - and there’s only one winner in that race, so the energy spent attempting to verify a single transaction is lost.', '12tookv'], ['u/Legal-Mammoth-8601', 19, '2023-04-21 09:21', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh492o2/', "More math: Operating the bitcoin network is very expensive. How expensive? A single bitcoin transaction costs $44.64.\n\n(1 block / 10 minutes) x (6.25 bitcoin / 1 block [miner payout]) x ($30,000 / 1 bitcoin) x (1 min / 60 sec) x (1 sec / 7 transactions) = $44.64/transaction\n\nThis is $27 million / day, or $9.9 billion / year, which is pretty close to visa's operating expenses of $11 billion / year.", '12tookv'], ['u/viking_nomad', 15, '2023-04-21 10:07', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4c6xo/', 'Indeed. I support everyone who does their own [math]', '12tookv'], ['u/Schnitzel-1', 10, '2023-04-21 10:15', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4cpg3/', 'So the point is to store it until it moons and then sell it. Or am I missing a point here? You just hope there are enough people that buy it after you bought it so the value increases and then you want to sell it at a profit. Could also call it a pyramid scheme.', '12tookv'], ['u/Schnitzel-1', 10, '2023-04-21 10:16', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4cruk/', 'But isn’t it always recommended to self custody your BTC? Isn’t this what everyone preaches? „Not your wallet not your coins“?', '12tookv'], ['u/yashg', 18, '2023-04-21 11:29', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh4hl1i/', 'As a programmer I know that a transaction is just an additional row of records in a table and inserting it costs almost nothing in terms of incremental cost or processing power. Millions of transactions take place around the world every second and those entries are getting added to time tested database systems at the speed of light. When I read the Bitcoin whitepaper and understood the concept of proof of work, the enormous waste of computing power and electricity dawned on me. In order to make the system decentralized and to get away with a trusted middleman who would otherwise store the transactions in a good old database, the Bitcoin network wastes precious computing cycles to bestow the right of verifying the transaction and adding a new block to the chain. It can never scale. The inefficiency is a feature, not a bug. Whoever wrote that paper were brilliant programmers for sure, but were really bad at economics and psychology.', '12tookv'], ['u/amakai', 15, '2023-04-21 15:50', 'https://www.reddit.com/r/Buttcoin/comments/12tookv/bitcoin_by_the_math/jh5759t/', "You could argue that the energy is not lost, but encompassed in a different form inside of Bitcoin itself...\n\nNah, not really, that's stupid as hell.", '12tookv']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 21, 2023', 29, '2023-04-21 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/', '12tpnrs', [['u/S28E01_The_Sequel', 12, '2023-04-21 06:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh3tf9f/', 'Always errie when things like weekly rsi closing at overbought right at point we hit 100% gains off bottom... both of which historically had a tendency to create corrections pre-bull year.', '12tpnrs'], ['u/wrylark', 13, '2023-04-21 08:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh45s4j/', 'the spice must flow', '12tpnrs'], ['u/PatientlyWaitingfy', 11, '2023-04-21 08:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh47dns/', 'Guys,\n\n[Profit taken at 27861 on short from 29122](https://www.reddit.com/r/BitcoinMarkets/comments/12h6el6/comment/jfqp4l0/?utm_source=share&utm_medium=web2x&context=3)\n\nEdit: Next TP is at 26161', '12tpnrs'], ['u/ouijah-', 11, '2023-04-21 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4es07/', "Only a couple months ago we went from 25k to 20k. So long-term this shouldn't concern even the new. Theoretically there should be resistance here. But I have a leveraged long set @24k - if it doesn't hit I'll be happy.", '12tpnrs'], ['u/LuckyNumber-Bot', 12, '2023-04-21 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4esgw/', 'All the numbers in your comment added up to 69. Congrats!\n\n 25\n + 20\n + 24\n = 69\n\n^([Click here](https://www.reddit.com/message/compose?to=LuckyNumber-Bot&subject=Stalk%20Me%20Pls&message=%2Fstalkme) to have me scan all your future comments.) \\\n^(Summon me on specific comments with u/LuckyNumber-Bot.)', '12tpnrs'], ['u/PatientlyWaitingfy', 11, '2023-04-21 11:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4hu4b/', "100x is too risky, don't make it a regular thing....", '12tpnrs'], ['u/[deleted]', 14, '2023-04-21 11:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4in59/', 'Nice', '12tpnrs'], ['u/diydude2', 12, '2023-04-21 13:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh4p1mv/', 'Seeing that hump-hump down pattern has spooked me. Jumping out of my long from 28.2K and taking the "L" on this one.\n\nWe\'re going down with the stonk market for a while. Tempted to short...', '12tpnrs'], ['u/thewardser', 10, '2023-04-21 15:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh530kv/', "seem to have survived the night so far, but with this non-stop drilling on the 12H just means i'll get stopped out 15 minutes from now when the market opens or if it opens green, 45 minutes from now when it reverses around 10ish. \n\nlooking back, if I would have continued shorting for just 1 more trade, I would have had a short position from the very top.", '12tpnrs'], ['u/RetardIdiotTrader', 11, '2023-04-21 17:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh5oele/', 'Why do you delete all your past comments', '12tpnrs'], ['u/PatientlyWaitingfy', 11, '2023-04-21 17:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh5ok9t/', 'This dip is barely visible on the monthly', '12tpnrs'], ['u/thewardser', 10, '2023-04-21 19:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh61y5v/', 'stopped out again, relonged $27,910...stop loss $27,799', '12tpnrs'], ['u/thewardser', 15, '2023-04-21 20:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6e9ks/', "actually it is, you get oversold, people start thinking it can't go any lower, start buying and you bounce.\n\nwe are currently sitting at 7 red 12 hour candles in a row.\n\nlast time we had 7 red 12 hour candles in a row was when we dipped to $19.5K...know what happened next? the pump to $31K\n\nthe time before that? was when we found our bottom of this bear cycle at $15,588 after 9 red 12 hour candles, followed by an instant bounce to $18.5K", '12tpnrs'], ['u/thewardser', 18, '2023-04-21 21:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6j0ej/', "gotta stick with it, the moment I don't is when the bottom is found and I get left behind", '12tpnrs'], ['u/Grathmoualdo', 13, '2023-04-21 21:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6j5yy/', "Sincerely hope u/thewardser keep posting his stopped trades, it's the only thing that keeps me getting back here.", '12tpnrs'], ['u/cryptojimmy8', 20, '2023-04-21 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6k4mz/', 'Took three weeks to break 28k upwards. Breaks it downwards on first attempt. Weakest shit ever', '12tpnrs'], ['u/AccidentalArbitrage', 12, '2023-04-21 21:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6mae9/', "If you don't like people actually posting their trades, this may not be the sub for you, since that is the entire point.", '12tpnrs'], ['u/PatientlyWaitingfy', 15, '2023-04-21 22:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh6q7lr/', "I'm not going to lie, I kind of didn't think I would profit on my short, seemed like I was shorting the most bullish thing ever. This subs death cross indicator worked out again, both /u/xtal_00 and /u/thewardser were long at 30k.\n\nEdit: Or should I say, to specify the death cross even more, its when they are both long at a local top, after a continued up move.", '12tpnrs'], ['u/DaBrokenMeta', 11, '2023-04-21 23:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12tpnrs/daily_discussion_friday_april_21_2023/jh771vo/', "This is going to be a great year friends! 40Ks WILL COME!\n\nJust don't get liqued on the way down! Play safe!! We will rise again <3", '12tpnrs']]], ['u/DropWatcher', 'Drop Watch: April 21st, 2023', 114, '2023-04-21 06:02', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/', "#LPs\n\n- [NBA Youngboy - Don't Try This At Home](https://music.apple.com/us/album/dont-try-this-at-home/1680836228) (w Nicki Minaj, Post Malone, The Kid LAROI & Mariah the Scientist) *[Melodic Trap, Baton Rogue, Motown]\n- [iann dior - leave me where you find me](https://open.spotify.com/album/5ErAWZUiPinYqoryslUsFy) [Pop Rap, Internet Money/10K]\n- [Lele Pons (🇻🇪) & Guaynaa (🇵🇷) - Capitulaciones](https://open.spotify.com/album/3S4DjtnPJlQVD2ChDjF3xx) [Latin Rap, Interscope]\n- [Agust D (🇰🇷) - D-DAY](https://open.spotify.com/album/446ROKmKfpEwkbi2SjELVX) (w Ryuichi Sakamoto, j-hope + more) [Korean Hip Hop, BTS, BIGHIT]\n- [Lloyd Banks - The Course Of The Inevitable 3: Pieces Of My Pain](https://music.apple.com/us/album/the-course-of-the-inevitable-3-pieces-of-my-pain/1681008280) (w Method Man, Vado, Dave East, Cormega, Tony Yayo & 38 Spesh) [NY Street Rap, EMPIRE]\n- [L.A.X (🇳🇬) - No Bad Vibes](https://open.spotify.com/album/7Isz78RyCrtTdtVBexTV0E) (w Black Sherif, Ayra Starr + more) [Afrobeats, EMPIRE]\n- [Dreamer Isioma - Princess Forever](https://open.spotify.com/album/24nQZEr8mncYgewoIVbCHR) (w redveil, Merlyn Wood & Dante Swan) [R&B, AWAL]\n- [Genio (🇵🇷) - Astros](https://open.spotify.com/album/0ABNkRjooiKfK9ZNgWrCK0) (w Arcángel, De La Ghetto + more) [Latin Rap, ONErpm]\n- [Heembeezy - Really Heem Vol. 1](https://open.spotify.com/album/4sFdGkmUXuXOymHV4aWtKK) (w Blueface, Cash Kidd, AzChike, Bravo the Bagcasher, 1TakeJay + more) [West Coast Hip Hop]\n- [Krayzie Bone - Quickfix: Level 3: Level Up](https://open.spotify.com/album/05bLCzLoRfPgSMUPLr0egc) [Midwest Hip Hop]\n- [Girlhood (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - The Lowdown](https://open.spotify.com/album/6Dw27aR49vN78UE9C5pPlf) [R&B, AntiFragile]\n- [Zombie Juice - Love Without Conditions](https://open.spotify.com/album/3pKvcDR1KlZ2uxRDVegJej) (w Devin the Dude, Curren$y, The Underachievers + more) [East Coast Hip Hop, Blog Rap, Terp World]\n- [Saviii the 3rd - 3 Against the World](https://open.spotify.com/album/46aXVfmhhDg0xy5Ulv6HhB) (w Ray Vaughn) [L.A. Trap, All For Gwap]\n- [1100 Himself - 1300 My Cousin](https://open.spotify.com/album/14TZrWzVuBaQvanqDNVXF3) [Oakland Trap, Thizzler]\n- [StanWill - Still $hittin'](https://open.spotify.com/album/1MfoNrMWNSyiOguMWaE7wa) (w BabyTron, Allstar JR, Certified Trapper, Babyfxce E + more) [Michigan Trap, The Hip Hop Lab]\n- [Fendi P - Sumin' To Smoke To](https://open.spotify.com/album/4GnaPb1HM65id21Z4GPokQ) (w Curren$y) [Southern Hip Hop, Jet Life]\n- [PG RA - EASTER P](https://open.spotify.com/album/7fnQYegVChtjhV2pZhpQdr) [DMV Trap, A1K]\n- [Fulcrum - All At Once](https://open.spotify.com/album/5STcnfECKEuNxMHvZYMvIt) [Youtuber Rap]\n- [Bensoul (🇰🇪) - The Lion of Sudah](https://open.spotify.com/album/4sx5OcEfV3O6BLmKF3FV1h) [R&B, Sol]\n- [Mac J - BlackTop Baby](https://open.spotify.com/album/5gX2vbP9rDmmpOIDVdjB5e) (w Young Slo-Be) [Sacramento Trap]\n- [Trent the HOLLiGAN - ALLGASNOBRAKEZ!](https://open.spotify.com/album/1L5443W7z7PRMLuhgdjy1t) (w Kembe X, Deniro Farrar + more) [Southern Hip Hop]\n- [Falcon Outlaw (🇨🇦) & Daniel Son (🇨🇦)- The Tzu Keepers](https://music.apple.com/us/album/the-tzu-keepers/1679870803) [Underground Rap, High Heat]\n- [EBK Juvie Ju - Crooked Lifestyle](https://open.spotify.com/album/5C5fZRgwMeQfwDdDxfggSH) [Stockton Trap, Thizzler]\n- [MarijuanaXO - Unc XO](https://open.spotify.com/album/3Ed1tSWQvz6YR71Lk04mP1) [Milwaukee Trap]\n- [Fuego Base - Biggest Since Camby](https://open.spotify.com/album/48viv6Wkvth3On3NaT4wrJ) (w Benny the Butcher & BSF, Sheek Louch, 38 Spesh, Elcamino, OT the Real, Uncle Murda + more) [East Coast Rap, BSF]\n- [Realio Sparkzwell & Tone Spliff - Gunz From Italy](https://tonespliff.bandcamp.com/album/gunz-from-italy) (w Copywrite) [Boom Bap]\n- [M-Dot - egO anD The eneMy 2: A Dissolute Paradise](https://m-dotboston.bandcamp.com/album/ego-and-the-enemy-2-a-dissolute-paradise) (w Apollo Brown, Willie the Kid, Vast Aire, Pete Rock, 88-Keys, Black Milk + more) [Boom Bap]\n- [Miir & B'lon - 4 The Streets](https://open.spotify.com/album/1Hq0qZvjXppey43CZpXpni) (w EBK BCKDOE, ZayBang, Lil Bean, 1100 Himself, Mitchell, AzChike + more) [Bay Area Trap, Thizzler]\n- [Maze Overlay & Wahr Season - The Shooters Galleria](https://mazeoverlay.bandcamp.com/album/the-shooters-galleria) (w Mickey Diamond, Asun Eastwood, Daniel Son + more) [Underground Hip Hop, Arizona]\n- [JaeFrmJerz & Lobstertrapper - BUSY DIGITAL](https://open.spotify.com/album/6YfdgiI09Fe0myhn9JMrv5) (w GRiMM DOZA + more) [Plugg]\n\n#Deluxe\n\n- [NLE Choppa - Cottonwood 2](https://open.spotify.com/album/4spYrouecTNb3gdelEM5kc) (w Russ Millions, Fridayy, ArrDee, Sexy Redd & Gino 2x) [Memphis Trap, Warner]\n- [Luh Tyler & DJ Frisco954 - My Vision: Fast](https://open.spotify.com/album/4omD3UxmlbpOpNLuj5SvIE) [Florida Trap, Atlantic]\n- [DRAM - What Had Happened Was…](https://open.spotify.com/album/3zfBRt5rWmUm8ZCdZ4aDlD) (w Snoop Dogg, CEO Trayle + more) [R&B]\n- [Bun B & Statik Selektah - Trillstatik 2: the 420 Deluxe](https://open.spotify.com/album/0t7r5y3X5EaEivsIvMbRxF?si=sh_Ep_b_RhqjOHTs_lYzGw) (w Propain & Haile Supreme) [Southern Hip Hop, Showoff]\n- [Jdot Breezy - DON'T FWM LATER](https://open.spotify.com/album/33yIPA0HFRITxXlYzjIhwq) [Florida Trap, Hitmaker/Blac Noize!]\n- [Bob Vylan (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - The Price of Life](https://open.spotify.com/album/4NkxcNe3Elw63yX54eDtU5) [UK Rap, GHOST THEATRE]\n- [Hotboy Wes - Left For Dead, Vol. 1](https://open.spotify.com/album/7IMfrbrTDMcyadk64e5Se1) (w BigXthaPlug, Mac Critter & BigWalkDog) [Trap, 1017/Atlantic]\n\n\n\n#EPs\n\n- [redveil - playing w/ fire](https://music.apple.com/us/album/playing-w-fire-ep/1680580771) (w JPEGMAFIA) [Indie Hip Hop]\n- [Peezy - GHETTO](https://music.apple.com/us/album/ghetto/1681987427) (w Kash Doll) [Michigan Trap, #Boyz]\n- [YunTrivv & Rob Vicious - Adventures Wit Da Squad](https://open.spotify.com/album/7rcl8vP12Wzoe5Oarpy0fc) [West Coast Trap]\n- [Matt Ox & SURF GANG - OXygen](https://open.spotify.com/album/2TshAc1eZFt6PPYRnvozyU) [SoundCloud Rap]\n- [Swizz Beatz & Mass Appeal - Hip Hop 50: Vol. 2 EP](https://open.spotify.com/album/2fMYrpzJCtJNhVTBQybhoz) (w Lil Wayne, Lil Durk, A Boogie wit da Hoodie, Nas, Jadakiss, Benny the Butcher, Fivio Foreign, Bandmanrill & Scar Lip) [Hip Hop, Mass Appeal]\n- [AB & Veeze - Son of Tabu](https://open.spotify.com/album/3sX64ztTzLvNJX06gKgA2s) (w 22nd Jim)\n- [Deergod - The Lounge, Pt. 2](https://music.apple.com/us/album/the-lounge-pt-2-ep/1676912202) [Cloud Rap, TeamSESH]\n- [Big Sad 1900 & Killa Fonte - 1985](https://open.spotify.com/album/1MQUPRvYBtCdLrTlD0Isus) (w Philthy Rich + more) [West Coast Trap, FOD]\n- [BudaMonk & Ill Conscious - Sakanouse](https://open.spotify.com/album/4t86D9rcknXqhBiGfK3McD) [Rap]\n- [Allan Kingdom - FR3NZ](https://open.spotify.com/album/2RLalz50YPVSYDnCarLilY) (w Siimbiie Lakew + more) [Alt-Rap]\n- [OBIJUAN (🇧🇸) - WAVONOMIXX](https://obijuan-obeahman.bandcamp.com/album/wavonomixx) (w ELUCID, Lord Apex & HooksAruthur)\n- [Gabe 'Nandez - Pangea](https://music.apple.com/us/album/pangea/1678016015) (w YL, Radamiz + more) [Rap, POW]\n- [Abril Olivera (🇦🇷) - Abril](https://open.spotify.com/album/2uT7GrTnYKL293sssNax85) [Latin R&B]\n- [Michael Sneed - Junior Varsity Blues](https://open.spotify.com/album/1SIeFvO8So4ow0vcFosVQ6) (w Lil Bean, demahjiae + more) [Bay Area Rap]\n\n#Songs\n\n The Weeknd & Metro Boomin - Double Fantasy (feat. Future)\n* Bree Runway & Khalid - Be The One\n* Daddy Yankee - Gasolina (Safari Riot Remix) [feat. Myke Towers]\n* Kim Petras - Alone (feat. Nicki Minaj)\n* Tiësto & A Boogie Wit da Hoodie - Chills (LA Hills) [from DRIVE out now]\n* The Kid LAROI & FNZ - Where Does Your Spirit Go?\n* JAY-Z & My Guy Mars - NEW YORK (CONCEPT DE PARIS) [feat. Gil Scott-Heron]\n* Wiz Khalifa & Quadwoofer - Why Not Not Why\n* GLC & Wiz Khalifa - Kush & Pussy (feat. Xcelence)\n* Destructo - You Only Die Once (feat. Snoop Dogg)\n* VIC MENSA - $WISH (feat. Chance the Rapper & G-Eazy)\n* Feid & Sean Paul - Niña Bonita\n* Olamide & CKay - Trumpet\n* Moneybagg Yo - Motion God\n* Latto & Go Grizzly - Put It On Da Floor\n* TiaCorine - FreakyT (Remix) [feat. Latto]\n* Armani White & July Da Producer- SILVER TOOTH (feat. A$AP Ferg)\n* Key Glock - Nope (G-Mix) [feat. Big Boogie & Sos Supa]\n* Polo Shawn Boo - Polo Rugby (feat. 2 Chainz)\n* Jackson Wang & Ciara - Slow\n* ArrDee & Cat Burns - Home For My Heart (WhyTek Remix)\n* Sudan Archives - Selfish Soul (ODESZA Remix)\n* Kevin Gates - Do It Again\n E-40 - Front Row 40\n* Lil Jon, E-40, P-LO & DaBoii - What We On\n* Don Elway, DaBoii, Jehkai & Fedel2seata - Silde It Out\n* Santino Le Saint & Col3trane - more!\n* Wacotron - Testimony\n* K. Wizzy & Wacotron - I Did (feat. NAHVEYAH)\n* Killer Mike & No I.D. - Don't Let The Devil (feat. El-P & Thank You Good Sir)\n* CRUZ CAFUNÉ - JA MORANT\n* Chase Fetti & Conway the Machine - Online\n* 22Gz - Bandit\n M1 Hound - Send a Blitz (feat. Yungeen Ace)\n* SAGA BUOY (FKA Jabari Manwa of Brockhampton) - DRUNK OFF LOVE\n Red Cafe, Capella Grey & Fabolous - Don't Vibe and Tell\n* DDG - I’m Geekin\n* Snoh Aalegra - DO 4 LOVE (Black Coffee Remix)\n* Your Old Droog & Madlib - Pronouns\n* Tee Grizzley & Skilla Baby - B&E, Pt. 1\n* Roy Woods - Young Boy Problems\n* Tamika Scott & Method Man - Tonight\n* Blinkie, Bugzy Malone & Star-One - All Of Me (Do For Love)\n* Telfon & DJ Premier - The Thoro Side (feat. M.O.P.)\n* Ralfy The Plug - Real Life Or Fictional (feat. 03 Greedo) / Flyest in the Building (feat. ItsManMan)\n* Lloyd Banks - Toxic (Remix) [feat. Aesthic]\n* SBTRKT - L.F.O. (feat. Sampha & George Riley)\n* Mike Dimes & Zuri - Off the Porch (feat. Maxo Kream & BigXthaPlug)\n* Sliffy The Goat - Throw It (Remix) [feat. Big Boss Vette]\n* Kenny Mason & COUPE - Ascend\n Tafia & YN Jay - Glitch\n* Lil Kayla - 11:11 (feat. YN Jay)\n* Dtm716 & Benny The Butcher - Buffalo ChopHouse\n* Luh Tyler - First Show\n* Manny Bandz - Too Addicted (feat. Luh Tyler)\n* Jimmy Bolt & Lil Keed - Slime Lingo\n* How DBack Do Dat - Cookin' the Tracks (feat. Peezy)\n* Lil Jayson - ILLUMINATY (feat. Lil Eazzyy & RiskTakerLeek)\n* Mouraine - Big Dawg (feat. Westside Boogie)\n* Gloosito, Chucky73 & OldPurp - Zazafata\n* Full Crate & BJ the Chicago Kid - Show Her The Way\n* Jidenna - FRONT END (feat. Gardens & Villa, Roman GianArthur & Sensei Bueno)\n* Abhi the Nomad - Casanova\n* Keralanka & Abhi the Nomad - Sora\n* Sebastian Kamae & Frsh Water - Great Escape\n* Vina Love - All That Cash (feat. Jackboy)\n* Leaf - 2 Freaky (feat. Bandmanrill & DJ Drewski)\n* PawPaw Rod - Is It Magic?\n* ShooterGang Kony - Darkest Thoughts\n* Cookin Soul & Kid Frankie - Remate\n* SOLOMON - phases (Melle Brown Remix) [feat. Kojey Radical]\n* Aubreyus - Squad Tryna Get Some Money (feat. Sada Baby)\n* PGF Nuk - The Next\n* Big Twothree, Paul Wall & xBValentine - Like Dis\n* Thakzin - Please Don't (feat. AUDREY NUNA)\n* vf7 - NANANA\n* Pell - Press Record\n* blackwave. & Jordan Mackampa - champion\n* Jay Worthy & Roc Marciano - Underground Legend (feat. Bun B)\n* Dee Watkins - Fuck Everybody\n* BRAGS BOOGIE - Legitimate Living (feat. P Money)\n* Big Trappo - Suppose Too (feat. Louie Ray)\n* Lil Gotit - Lustin'\n* Yhung T.O. & Philthy Rich - 1942\n* DC the Don - 12AM\n* Maine SFSG - One More Time (feat. Freeway)\n* TDMJay - Pepper (feat. GTB KD, Freeway & BandRunna Mac)\n* 22Vallu & Cico P - Double Up\n* Prabh Deep - Thappad!\n* AzChike - Kashdolls and GloRillas / Bear Hug\n* J Snoop - Life Style (feat. AzChike & AzSwaye)\n* Gio & RMC Mike - Ziploc\n* Apollo Davar - Westside Anthem (feat. YeloHill)\n* TooLate, Lord Apex & DCB Pablito - Prerolls\n* JuS CODE & Sally Sossa - Wasted Time\n* Hardo - Die Alone (feat. B Dok)\n* Traphouse Yicc - Shoot the Club Up (feat. Hardo)\n* BlueBucksClan - Supposed To\n* Deante' Hitchcock - Woah!\n* Ski & lojii - Bobby Rush Joint\n* Jerome Thomas - Damn\n* Conduit - Creases (feat. Pink Siifu)\n* Baby Stone Gorillas & Rackboy Cam - Pressure\n* Allison Russell - 4th Day Prayer (dim star Remix) [feat. Mumu Fresh] \n* Father & meltycannon - Rolling Dice\n* Damedot - King of the City\n* BiC Fizzle - Ride Fa Mine (feat. LG Malique)\n* Lil Jerry - KRASH (feat. Peso Peso)\n* Forest Cluadette - Motor In the Sand\n* BandGang Lonnie Bands - Lonnie Basqiat / Fast'n\n* Hersh Jefe - Big Homie (feat. Wizz Havin)\n* Yuno Miles - Come Get It\n* Harrison & Nanna.B - Blue Sky\n* G4 Boyz - Fufu\n* Estee Nack & V Don - Re Run\n* 2FeetBino - They Forgot\n* Fat Tony & Yung Skrrt - I Like\n* Locksmith - America (feat. C-Lance)\n* Keemy Baby - NLMB (feat. JMB Juvie)\n* Nate Husser - Lemons\n* YTB Trench - Trenchinatti\n* Matt McGhee & J.Robb - Nuisance (feat. Butch Dawson)\n* XV, Mike Summers & Jon Connor - Descend\n* FNF Chxpo - Ouu Ouu (Remix) [feat. Hotboy Wes]\n* Rob Milton - Wake and Bake (feat. Peter $un)\n* Nyction - Diamonds (feat. Isaac Zale)\n* Certified Trapper - Slipped Up\n* Grafh - MAMA'S EYES\n* Wack05 - RAW (Remix) [feat. EBK BCKDOE]\n* YTB FATT - Get Back\n Skyzoo - Blue and Orange Everything\n* Trapo - Mayan\n* Zikomo - Break My Soul\n* Serengeti - Ajai2 Extra\n* Jinka, Catnapp & recovery girl - Orange\n* Feih - Judy Law\n* Li Rye - Switch\n CRIMEAPPLE - Sabertooth\n* Fat Money - Search & Rescue Freestyle\n Hoofy Baby, MFnMelo & Noah Sims - Save Me\n* Goya Gumbani - Cloth & Polish\n* Johnny Greco - Hollis & Gates (feat. Rick Hyde)\n* Teek Hall & Camoflauge Monk- The Burning Sand\n* Shoebox Baby - Get 'Em\n* Bbyafricka - Have You Seen Her? (feat. MVW)\n* Deetranada - Mad!\n* Archibald Slim - Hiking\n* Bear1Boss - Funds\n* Adams Awake - Stay Awake (feat. Bear1Boss & Sharc)\n* YS - Fall Back\n* Kipp Stone - Nobel Peace Prize\n* Sh8kes & The Musalini - Regret's\n* Joell - RUN\n* Sos B4L - Whistle\n* Lil Dump - No Limits\n* Ambar Window & Octavio Hernández - Doblao\n* Ché - APRIL 16TH\n* Vae Vanilla - It's My BDay\n* Joda Kgosi - Diamonds\n* Wiseboy Jeremy - Grace\n* Ausar - Don't Date Rappers.\n* MELONYX - At the Door\n* Bricc Baby - Not Enough\n* RenzNiro - Heavy Metal\n\n---\n\n\\* means not on Apple Music or Spotify\n\nSorted by Spotify Monthly Listeners\n\n---\n\n##[Old Drop Watches](https://www.reddit.com/r/hiphopheads/search?q=%22drop+watch%22+-%22JQBX%22&restrict_sr=on&include_over_18=on&sort=new&t=all)\n\n##[Full Calendar](https://redd.it/101h66v)", 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/', '12tppe7', [['u/Ktulusanders', 45, '2023-04-21 06:29', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh3utv5/', 'Ghosted by Smino 😔', '12tppe7'], ['u/Jandersson34swe', 13, '2023-04-21 06:45', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh3wfvv/', 'such a disappointment', '12tppe7'], ['u/mohub21', 29, '2023-04-21 07:13', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh3z1f1/', 'Can this man NBA YB rest', '12tppe7'], ['u/iHateJerry', 24, '2023-04-21 12:20', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh4l5tj/', 'appreciate you making this list, but frankly who tf are all these people this week lmao', '12tppe7'], ['u/almost_useless', 12, '2023-04-21 12:31', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh4lybc/', "Spotify playlists updated. \n\nAlbums: https://open.spotify.com/playlist/0DnzOCj0ccuMbCqagPqXSv\n\nSingles: https://open.spotify.com/playlist/7nIjPEJ5BDTF21VaG5CGcI\n\nI was away last week, so the playlists contain both this and last week's songs.", '12tppe7'], ['u/xX69WeedSnipePussyXx', 16, '2023-04-21 15:26', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh542hp/', 'Too many kids to feed.', '12tppe7'], ['u/RogueTheJewels', 11, '2023-04-21 16:05', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh598h7/', "he's on house arrest in Utah, what else is there to do?", '12tppe7'], ['u/vancouver000', 10, '2023-04-21 20:04', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh68t6x/', 'You think he’ll have a final child?', '12tppe7'], ['u/DropWatcher', 16, '2023-04-21 20:26', 'https://www.reddit.com/r/hiphopheads/comments/12tppe7/drop_watch_april_21st_2023/jh6c1z8/', "i feel like it's usually pretty easy to extrapolate from the features/genre tag/flags\n\nlike NBA Youngboy is a melodic trap rapper from Baton Rogue\n\niann dior is a pop rapper signed to internet money\n\nLele Pons / Guayanna are from venezuela/puerto rico, prolly make reggaeton sounding rap/r&b\n\nAgust D is a member of K-Pop group BTS\n\nLloyd Banks is a NY street rapper and based on the features he's from the 00s\n\nL.A.X is a Nigerian afrobeats artist\n\nDreamer Isioma is an R&B singer who works with people like Brockhampton and redveil, prolly in that spotify POLLEN playlist\n\nGenio is a puerto rican rapper\n\nHeembeezy is a west coast gangsta rapper\n\netc.", '12tppe7']]], ['u/psufb', 'I know how to DCA In, but how do I DCA Out?', 13, '2023-04-21 06:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/', 'People in here talk about DCA as a solid long-term investing strategy. I agree with this, and have been DCAing for the past few months with little monthly amounts into BTC, ETH, and some alts. It is a straightforward process. \n \nWhat I don\'t understand as well is something I\'ve heard around here about "DCAing out" especially during the bull run. I assume this means that each month (or whatever frequency), instead of buying say, $20 worth of Bitcoin, you instead sell $20 worth of Bitcoin. \n \nIf this is the case, then it seems that it\'s impossible to DCA in and DCA out concurrently (it\'d just be a net $0). So when then, do you swithing from DCA In to DCA Out? Or, in simpler terms, when do you switch from being a crypto buyer each month to being a crypto seller?', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/', '12tq2zg', [['u/FattestLion', 22, '2023-04-21 06:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/jh3uapj/', "DCA out is tough, because the concept of DCA is that you buy at fixed intervals regardless of price. So if you want to DCA out, you would sell at fixed intervals regardless of price, which wouldn't make sense if you were DCA-ing at 25-30k range but once you start DCA-ing out it is 20-25k range. Perhaps you need a hybrid strategy like: \n\n\nWhen BTC price <35k DCA BUY \n\n\nWhen BTC price >50k DCA SELL", '12tq2zg'], ['u/redthepotato', 10, '2023-04-21 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12tq2zg/i_know_how_to_dca_in_but_how_do_i_dca_out/jh3vrt1/', "Buy at 68k then dca out as it falls down to 15k.\n\nI'm something of a crypto trader myself.", '12tq2zg']]], ['u/rBitcoinMod', 'Daily Discussion, April 21, 2023', 38, '2023-04-21 08:06', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12spjql/lightning_thursday_april_20_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/', '12ts9xe', [['u/EfficientAgricul', 11, '2023-04-21 08:10', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh43sf1/', "I'm I the only one that feels the bullrun season is about to start?", '12ts9xe'], ['u/Relai_Alex', 14, '2023-04-21 09:27', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh49gb9/', 'Happy Friday and remember, "not your keys, not your bitcoin" applies on the weekends too.', '12ts9xe'], ['u/Asum_chum', 14, '2023-04-21 10:41', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh4edev/', 'Bitcoin is up well over 50% this year and you think it’s about to start?!', '12ts9xe'], ['u/Just1_More', 13, '2023-04-21 12:53', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh4nt2x/', "My thoughts, because you didn't ask!\n\nThis is an interesting test coming forward. 3 months of gains is historically the start of a bull. All-time hodlers, with BTC, with something of 60% of all BTC, haven't moved in a year. Massive companies such as Shell, ExxonMobil, getting into mining. Legacy banks are beginning to offer BTC to clients....\n\nHowever, we're staring down the eye of a big credit event. Pain is on the horizon, and BTC has never really run through this test before. Still being tossed around by the Wall Street bros as a high-risk asset. There is risk-off on the horizon. \n\nI, for one, am very interested to see how our 🌽 performs during this event. Continuing to buy and hodl!", '12ts9xe'], ['u/escodelrio', 18, '2023-04-21 15:58', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh589qr/', 'Historical Bitcoin prices for today, April 21st:\r \n\r \n2023 - $28,021\r \n2022 - $41,931\r \n2021 - $53,812\r \n2020 - $6,857\r \n2019 - $5,306\r \n2018 - $8,918\r \n2017 - $1,257\r \n2016 - $451\r \n2015 - $236\r \n2014 - $493\r \n2013 - $119\r \n2012 - $5.3\r \n2011 - $1.2\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1649367894461935617?s=20).', '12ts9xe'], ['u/HurricaneHarvey7', 17, '2023-04-21 22:36', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh6v7q3/', 'Go ahead and sell your Bitcoin for $27k a year before the halving\n\nlaughing.gif', '12ts9xe'], ['u/Realistic-Jelly8133', 10, '2023-04-21 22:47', 'https://www.reddit.com/r/Bitcoin/comments/12ts9xe/daily_discussion_april_21_2023/jh6wy3y/', '4 or 5 upward difficulty adjustments in a row. I suspect some miners are selling in order to cover costs. In addition, a lot of leverage needed to be wiped out. Expect these recurring equilibriums to happen every so often.\n\nDCA and chill.', '12ts9xe']]], ['u/tetrahedralcathedral', 'Nobody Warned Her About Mr. Patel', 871, '2023-04-21 08:24', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/', 'We had a new 3rd shifter start recently. She\'s sweet but doesn\'t have much experience. From what I was told she only got trained 2 days before they scheduled her for shifts by herself. Training for this job is multifaceted, I still run into situations I\'ve never encountered. There are rare situations that arise that require specific explanation, even though they don\'t happen often its important to know how to navigate them. It\'s difficult to train in these things because of how unlikely they are to come up during a training period. The worst part is what could happen if this information isn\'t passed on.\n\n\n\nLast week I came in for my usual 3-11. My first shifter let me know the cash drawer would be significantly off because we got "robbed" (even using air quotes) the night before. Obviously I had to know what happened. With a sigh, she said the 3rd shifter was called by a "Mr. Patel" who claimed to be the owner. Being new enough to have never met the real owner, she believed him right away. They even mentioned my managers real name, saying he was on the other line and aware of his call. The scammer told her to convert $XXX into bitcoin and send it to \\[random sketchy link\\]. Since none of this tipped her off, she took almost $200 to the walmart down the street where you can convert money to bitcoin. That\'s right, she left the desk, left the building, drove to the store, and sent our cash to a random recipient.\n\n\n\nThey made her write a report of exactly what happened. This is common practice for significant events like robberies or injuries. As I read through what the victim wrote, I made mental notes of all the points where I personally would start asking questions. Like I said, sweet but under trained. I\'m sure she felt horrible. At the end of the day it was a learning experience, sadly it had to be learned the hard way. I\'m willing to bet it won\'t happen again.', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/', '12tsmd4', [['u/500SL', 32, '2023-04-21 09:34', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh49y81/', 'I truly wonder how some people make it through a day without being run over by a vehicle or drowning in a glass of water. \n\nThese people must be sterilized before all hope for humanity is lost.', '12tsmd4'], ['u/WikiBox', 477, '2023-04-21 10:02', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4buj5/', 'As part of the training, perhaps include browsing this subreddit?\n\nPerhaps even a curated selection of posts here?', '12tsmd4'], ['u/tetrahedralcathedral', 230, '2023-04-21 10:12', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4ch2x/', 'Wow I never considered how much that would help, thank you!', '12tsmd4'], ['u/Asagohan86', 25, '2023-04-21 10:12', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4cipe/', 'his response was innocent venting, yours just came off sounding like the asshole.', '12tsmd4'], ['u/CapnBunny1', 147, '2023-04-21 10:17', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4ctj7/', "The other NA fell for this, she gave these people her personal number and was on facetime with them trying to get into my GM's office. Thankfully the 7-3 showed up and told her it was a scam.", '12tsmd4'], ['u/JustineDelarge', 202, '2023-04-21 12:01', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4jqzb/', 'Why is “This is what the ‘Mr. Patel’ scam is” etc. not part of official Day 1 training? As in, yay, you’re hired, never give the hotel’s money or your own to someone on the phone who tells you to?', '12tsmd4'], ['u/ShikiNine', 63, '2023-04-21 12:05', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4k0pa/', 'it’s so crazy these things don’t alert red flags in people. i mean seriously, not when you’re driving, not when you’re taking cash out the drawer, not when you’re being asked to convert it to bitcoin do you pause to think… hospitality gets some funny folks', '12tsmd4'], ['u/Lexi_Live', 49, '2023-04-21 12:21', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4l7vy/', 'I’m too lazy to ever do this. Poor girl', '12tsmd4'], ['u/HaplessReader1988', 148, '2023-04-21 12:30', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4lwgg/', "You'll lose some anonymity...says someone who lost her vent space elseweb after introducing a co-worker to that forum.", '12tsmd4'], ['u/FuzzelFox', 22, '2023-04-21 12:31', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4m0n7/', 'Many hotels in the US are owned by Indian families and Patel is a very common surname among them; Like Smith is to us.\n\nSo these Indian call centers like to call up hotels in the middle of the night and hope they can trick the poor NA into sending them as much cash as possible because they\'re "Mr. Patel the owner". They\'ll even go so far as to try and get these people to break into the GM\'s office/safe in order to get it. Some people actually go through with it :\')', '12tsmd4'], ['u/tetrahedralcathedral', 82, '2023-04-21 12:32', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4m18i/', 'this is wise', '12tsmd4'], ['u/FuzzelFox', 12, '2023-04-21 12:33', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4m3we/', "I always thought it ridiculous that corporations have us do phishing email training every year, because I've never even come close to falling for one, but they do it for a reason......", '12tsmd4'], ['u/Tarilyn13', 18, '2023-04-21 12:40', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4mqa8/', "That exact thing happened to another coworker of mine. She was on second shift and I was the auditor and she was gone when I got there. It was so absurd, I couldn't believe people fall for it.", '12tsmd4'], ['u/[deleted]', 11, '2023-04-21 12:42', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4mu8q/', 'I mean there are some scams where I can have some sympathy, but those are very well thought out and executed.\n\nShit like this though? No sympathy, the person falling for it is just an idiot. Your "boss" asking you to send money via bitcoin should raise some serious red flags.', '12tsmd4'], ['u/pakrat1967', 55, '2023-04-21 12:46', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4n5dp/', "I just thought of a possible solution to these Patel scams. Every hotel (especially those that are owned by a Patel). Has the real owners name somewhere at the front desk where employees can see it, but people in the lobby can't. Include some sort of code word or number that only the real owner is going to know.\nIf someone calls claiming to be the owner, but doesn't provide the code word/number. Then the employees will know it's a scammer.", '12tsmd4'], ['u/Traveler4Life_', 16, '2023-04-21 12:48', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/12tsmd4/nobody_warned_her_about_mr_patel/jh4nbc9/', 'Four people in my o... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Traders work on the floor of the New York Stock Exchange Michael M. Santiago/Getty Images US stock indices rose Friday as investors digested mixed earnings reports. However, all three major gauges closed the week in the red. Alphabet and Amazon are on deck to report quarterly results next week. US stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory. The Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week. According to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results. Here's where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,133.52, up 0.09% Dow Jones Industrial Average : 33,808.96, up 0.07% (22.34 points) Nasdaq Composite : 12,072.46, up 0.11% Here's what else happened today: In an exclusive interview with Insider, economist Mohamed El-Erian explained the credit squeeze threatening the US economy, along with risks of more interest rate hikes. US money-market funds saw their assets drop for the first time since last month, according to Bloomberg. The Fed has inflation on the ropes, former Treasury Secretary Larry Summers said, while bemoaning the debt-ceiling fiasco in a new interview. The US economy could be headed towards a credit crunch that would only prolong a recession, according to Citi's chief economist. In commodities, bonds and crypto: West Texas Intermediate crude oil increased 0.49% to $77.75 per barrel. Brent crude , oil's international benchmark, rose 0.59% to $81.58. Gold declined 1.79% to $1,993 per ounce. The yield on the 10-year Treasury rose 2.3 basis points to 3.568%. Bitcoin dropped 3% to $27,255. Read the original article on Business Insider", "• US stock indices rose Friday as investors digested mixed earnings reports.\n• However, all three major gauges closed the week in the red.\n• Alphabet and Amazon are on deck to report quarterly results next week.\nUS stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory.\nThe Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week.\nAccording to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results.\nHere's where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,133.52, up 0.09%\n• Dow Jones Industrial Average:33,808.96, up 0.07% (22.34 points)\n• Nasdaq Composite:12,072.46, up 0.11%\nHere's what else happened today:\n• In an exclusive interview withInsider,economist Mohamed El-Erian explained the credit squeeze threatening the US economy, along with risks of more interest rate hikes.\n• US money-market funds saw their assets drop for the first time since last month, according toBloomberg.\n• The Fed has inflation on the ropes,former Treasury Secretary Larry Summers said,while bemoaning the debt-ceiling fiasco in a new interview.\n• The US economy could be headed towards a credit crunch that would only prolong a recession, according toCiti's chief economist.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil increased 0.49% to $77.75 per barrel.Brent crude, oil's international benchmark, rose 0.59% to $81.58.\n• Golddeclined 1.79% to $1,993 per ounce.\n• The yield on the 10-year Treasury rose 2.3 basis points to 3.568%.\n• Bitcoin dropped 3% to $27,255.\nRead the original article onBusiness Insider", 'Before non-fungible tokens (NFT) came on the scene, the following chart was a fairly good representation of patterns that happened in the industry.\nFiat currency flowed largely through Bitcoin and other large caps before trickling down to mid caps and finally to low caps (also affectionately known as “shitcoins”).\nA couple of things have changed in the past two years, one being the emergence of NFTs as a digital asset class that fits somewhere in the above cycle.\nIt’s my opinion that NFTs, especially PFPs, are a hybrid of an identity solution, a club and a fungible token. There are different sizes by market cap, Bored Ape Yacht Club (BAYC) and Azuki being the large cap of the NFT market, Mfer’s, Nakamigo’s, and Milady’s being the mid caps and then basically the rest making up the small caps. Finally, add to the mix memecoins. They really do not profess to have any utility other than social media posting and having fun!\nFun + memes can now be a digital asset? Yeah. We see this by looking at $DOGE, $SHIBA, and now $PEPE, which reached a $150m market cap in several days. The Milady Maker PFP community is rumored to be behind the $PEPE memecoin emergence.\nMemecoins came back in after the Nakamigos and BAYC communities stagnated and had some large holders leave the community. That, combined with the boredom of retail\xa0crypto\xa0folks, and boom, on the scene comes memecoin season! It took over for a few days this past week with $PEPE, and others which I don’t really want to mention because I’m not sure it will be a long loved meta. But who knows?\nThe Milady Maker’s PFP assets rose this past week as the memecoin meta kicked off.\nThese new digital assets are now throwing more curve balls into the flow, and it’s yet to be seen where they fit in. One thing I know for certain, though, is that when large caps run, they rise fast, sucking all the liquidity from mid-lower caps. When they stop running, the capital flows back to mid-low caps. This pattern can happen across all classes (NFTs, fungible tokens) and also across categories as well (PFPs, Game-FI, fungible tokens, and utility NFTs), which is causing the Web3 scene to seem very chaotic.\nWith these liquidity ebbs and flows causing uncertainty even for the most seasoned traders, it’s clear that new patterns are emerging in the brave new world of NFTs and memecoins.\nNote that the observations presented in this text are not intended as financial advice but rather the insights of an individual who has an interest in recognizing trends and patterns, much like many others in this space.\nTheForkast 500 NFT Indexis down over 2% over the past seven days, reflecting a sharp decline in the NFT market. A new memecoin called $PEPE has been trading at volume, causing high transaction fees on Ethereum. NFT volume, on the other hand, has suffered as traders practice patience, with many waiting for fees to normalize.', 'Before non-fungible tokens (NFT) came on the scene, the following chart was a fairly good representation of patterns that happened in the industry. Bitcoin flow Fiat currency flowed largely through Bitcoin and other large caps before trickling down to mid caps and finally to low caps (also affectionately known as “shitcoins”). A couple of things have changed in the past two years, one being the emergence of NFTs as a digital asset class that fits somewhere in the above cycle. It’s my opinion that NFTs, especially PFPs, are a hybrid of an identity solution, a club and a fungible token. There are different sizes by market cap, Bored Ape Yacht Club (BAYC) and Azuki being the large cap of the NFT market, Mfer’s, Nakamigo’s, and Milady’s being the mid caps and then basically the rest making up the small caps. Finally, add to the mix memecoins. They really do not profess to have any utility other than social media posting and having fun! Fun + memes can now be a digital asset? Yeah. We see this by looking at $DOGE, $SHIBA, and now $PEPE, which reached a $150m market cap in several days. The Milady Maker PFP community is rumored to be behind the $PEPE memecoin emergence. Memecoins came back in after the Nakamigos and BAYC communities stagnated and had some large holders leave the community. That, combined with the boredom of retail\xa0crypto\xa0folks, and boom, on the scene comes memecoin season! It took over for a few days this past week with $PEPE, and others which I don’t really want to mention because I’m not sure it will be a long loved meta. But who knows? The Milady Maker’s PFP assets rose this past week as the memecoin meta kicked off. Milady These new digital assets are now throwing more curve balls into the flow, and it’s yet to be seen where they fit in. One thing I know for certain, though, is that when large caps run, they rise fast, sucking all the liquidity from mid-lower caps. When they stop running, the capital flows back to mid-low caps. This pattern can happen across all classes (NFTs, fungible tokens) and also across categories as well (PFPs, Game-FI, fungible tokens, and utility NFTs), which is causing the Web3 scene to seem very chaotic. Story continues With these liquidity ebbs and flows causing uncertainty even for the most seasoned traders, it’s clear that new patterns are emerging in the brave new world of NFTs and memecoins. Note that the observations presented in this text are not intended as financial advice but rather the insights of an individual who has an interest in recognizing trends and patterns, much like many others in this space. The Forkast 500 NFT Index is down over 2% over the past seven days, reflecting a sharp decline in the NFT market. A new memecoin called $PEPE has been trading at volume, causing high transaction fees on Ethereum. NFT volume, on the other hand, has suffered as traders practice patience, with many waiting for fees to normalize.', 'Cryptocurrencies are a speculative asset class. They come with extreme risk. Therefore, investors need not treat the issue of investing in them lightly. However, the recent surge in the value of some cryptocurrencies has left many investors wondering which cryptos to buy and which to watch. With the market continuously evolving, keeping an eye on the next cryptocurrencies to explode and those with high growth potential is crucial. The cryptocurrency market has seen exponential growth in recent years. More importantly, though, the trend is expected to continue, according to several analysts. On Monday, brokerage firm Bernstein released a research report stating that FTX’s collapse initiated a fresh bullish cycle in cryptocurrency markets. The report highlighted that the downfall of the crypto exchange eliminated the remaining portion of “toxic crypto leverage.” In addition, it provided digital asset investors with valuable insights into the significance of decentralization and the use of self-custody wallets. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cryptos have become increasingly popular among young investors keen to diversify their portfolios. With the proliferation of new cryptocurrencies, it can be challenging to navigate the market. However, investors who do their research and keep up with industry trends can benefit greatly. This article will explore the cryptos to buy and watch and those with high growth potential. From established cryptocurrencies to newer players, this piece will provide insights into the current market trends and offer suggestions for investors looking to profit from the next cryptocurrencies to explode. Symbol Cryptocurrency Price BTC-USD Bitcoin $27,253.30 ATOM-USD Cosmos $10.86 STX-USD Stacks $0.69 Bitcoin (BTC) Chart shows a strong increase in the price of bitcoin Source: rzoze19 / Shutterstock.com Established tokens like Bitcoin ( BTC-USD ) offer greater stability and are safer for investors looking to enter the crypto game. Bitcoin has been gaining momentum, and with the economic uncertainty, its value is expected to continue to rise. Therefore, Bitcoin could be a wise investment choice if you want to hedge your bets. Story continues The flagship cryptocurrency has almost doubled in value since January, marking a comeback after a tough 2022 when it fell nearly 65%. And major investors are noticing and taking advantage of the situation. In late March, Michael Saylor, the co-founder of MicroStrategy (NASDAQ: MSTR ) and a fervent Bitcoin supporter, disclosed that his company purchased 6,455 Bitcoin valued at $150 million. While investors should not base their investment decisions solely on someone else’s, Saylor’s investment can be seen as a vote of confidence in Bitcoin. Moreover, investors should revisit Bitcoin’s investment thesis, primarily to serve as a store of value similar to gold or silver. With a limited supply of 21 million coins and decentralization, Bitcoin is an inflation hedge independent of central control. As markets continue to value Bitcoin as a riskier asset, its future remains uncertain. Still, it could have more up days than down as the market sentiment towards riskier assets turns positive. Cosmos (ATOM) coin cryptocurrency Cosmos atom against the main alitcoins the Ethereum, dash, monero, litecoin Source: Stanslavs via Shutterstock Among the top cryptocurrencies to buy, ATOM ( ATOM-USD ), the native token of the Cosmos Hub blockchain, has the lowest market cap. However, ATOM serves multiple purposes, including securing the network and acting as a governance token that allows holders to influence the development of the Cosmos ecosystem. One of the challenges in the cryptocurrency industry is the existence of numerous independent blockchains. Cosmos aims to address this by simplifying inter-blockchain communication, making it faster and less expensive. The project is crafted by experts, comprising the Tendermint team and the Interchain Foundation, an NGO financially supporting open-source blockchain initiatives. The former CEO and co-author of the project’s whitepaper, Jae Kwon, stepped away from the project in early 2020. However, he remains involved in a different capacity. The other co-author, Ethan Buchman, is president of the Interchain Foundation Council. Paradigm, Bain Capital, and 1confirmation, among other major players in the crypto industry, have invested in Cosmos. Investors with a long-term outlook may find Cosmos’ work on interoperability significant. Cosmos addresses scalability and interoperability, critical areas where many blockchains fall short. As Cosmos’ ecosystem expands, there is potential for token price to increase as investors gravitate towards projects with unlimited growth potential. This is especially important for investors who see the future of cryptocurrency as dependent on projects prioritizing scalability and interoperability. Stacks (STX) A digital representation of the Stacks (STX) crypto. Source: Ivan Babydov / Shutterstock Stacks ( STX-USD ) is a Layer 2 protocol enabling developers to build and interact with Bitcoin applications. Its consensus mechanism, “proof of transfer,” recycles Bitcoin’s proof-of-work without adding environmental impact. The unique thing about it is that it transforms Bitcoin into a programmable base layer. Thus, it removes one of the key criticisms Bitcoin faces compared to Ethereum ( ETH-USD ). Stacks employs proof-of-transfer to validate Bitcoin transactions. Miners transfer their Bitcoin instead of burning cryptocurrency, as required in proof-of-burn. The protocol randomly selects a winning miner who receives a block reward paid in STX tokens. Bitcoin is transferred to Stacks of token holders participating in the consensus process by locking up STX tokens. One can earn passive income with Stacks by “stacking” STX tokens and contributing to the proof-of-transfer system. Stacks is worth considering because of its distinctive characteristics and growth potential in the highly competitive blockchain market. Additionally, it has yet to achieve a large market capitalization, implying that you can acquire numerous tokens inexpensively. If you have finished reviewing this list, don’t worry! You can still explore additional cryptocurrencies beyond the selections highlighted in this article. To discover more options, you can refer to two great articles with more potential picks for your portfolio. On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Wall Street Titan: Here’s My #1 Stock for 2023 It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Cryptos to Watch for Explosive Growth in the Next 12 Months appeared first on InvestorPlace .', 'Cryptocurrencies are a speculative asset class. They come with extreme risk. Therefore, investors need not treat the issue of investing in them lightly. However, the recent surge in the value of some cryptocurrencies has left many investors wondering which cryptos to buy and which to watch. With the market continuously evolving, keeping an eye on the next cryptocurrencies to explode and those with high growth potential is crucial.\nThe cryptocurrency market has seen exponential growth in recent years. More importantly, though, the trend is expected to continue, according to several analysts.\nOn Monday, brokerage firm Bernstein released a research report stating thatFTX’scollapseinitiated a fresh bullish cyclein cryptocurrency markets. The report highlighted that the downfall of the crypto exchange eliminated the remaining portion of “toxic crypto leverage.” In addition, it provided digital asset investors with valuable insights into the significance of decentralization and the use of self-custody wallets.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nCryptos have become increasingly popular among young investors keen to diversify their portfolios. With the proliferation of new cryptocurrencies, it can be challenging to navigate the market. However, investors who do their research and keep up with industry trends can benefit greatly.\nThis article will explore the cryptos to buy and watch and those with high growth potential. From established cryptocurrencies to newer players, this piece will provideinsights into the current market trendsand offer suggestions for investors looking to profit from the next cryptocurrencies to explode.\n[{"Symbol": "BTC-USD", "Cryptocurrency": "Bitcoin", "Price": "$27,253.30"}, {"Symbol": "ATOM-USD", "Cryptocurrency": "Cosmos", "Price": "$10.86"}, {"Symbol": "STX-USD", "Cryptocurrency": "Stacks", "Price": "$0.69"}]\nSource: rzoze19 / Shutterstock.com\nEstablished tokens likeBitcoin(BTC-USD) offer greater stability and are safer for investors looking to enter the crypto game. Bitcoin has been gaining momentum, and with the economic uncertainty, its value is expected to continue to rise. Therefore, Bitcoin could be a wise investment choice if you want to hedge your bets.\nThe flagship cryptocurrency has almost doubled in value since January, marking a comeback after a tough 2022 when it fell nearly 65%. And major investors are noticing and taking advantage of the situation.\nIn late March, Michael Saylor, the co-founder ofMicroStrategy(NASDAQ:MSTR) and a fervent Bitcoin supporter, disclosed that his companypurchased 6,455 Bitcoinvalued at $150 million.\nWhile investors should not base their investment decisions solely on someone else’s, Saylor’s investment can be seen as a vote of confidence in Bitcoin.\nMoreover, investors should revisit Bitcoin’s investment thesis, primarily to serve as a store of value similar to gold or silver. With a limited supply of 21 million coins and decentralization, Bitcoin is an inflation hedge independent of central control.\nAs markets continue to value Bitcoin as a riskier asset, its future remains uncertain. Still, it could have more up days than down as the market sentiment towards riskier assets turns positive.\nSource: Stanslavs via Shutterstock\nAmong the top cryptocurrencies to buy,ATOM(ATOM-USD), the native token of the Cosmos Hub blockchain, has the lowest market cap. However, ATOM serves multiple purposes, including securing the network and acting as a governance token that allows holders to influence the development of the Cosmos ecosystem.\nOne of the challenges in the cryptocurrency industry is the existence of numerous independent blockchains. Cosmos aims to address this by simplifying inter-blockchain communication, making it faster and less expensive.\nThe project is crafted by experts, comprising the Tendermint team and the Interchain Foundation, an NGO financially supporting open-source blockchain initiatives. The former CEO and co-author of the project’s whitepaper, Jae Kwon, stepped away from the project in early 2020. However, he remains involved in a different capacity. The other co-author, Ethan Buchman, is president of the Interchain Foundation Council. Paradigm, Bain Capital, and 1confirmation, among other major players in the crypto industry, have invested in Cosmos.\nInvestors with a long-term outlook may find Cosmos’ work on interoperability significant. Cosmos addresses scalability and interoperability, critical areas where many blockchains fall short. As Cosmos’ ecosystem expands, there is potential for token price to increase as investors gravitate towards projects with unlimited growth potential. This is especially important for investors who see the future of cryptocurrency as dependent on projects prioritizing scalability and interoperability.\nSource: Ivan Babydov / Shutterstock\nStacks(STX-USD) is a Layer 2 protocol enabling developers to build and interact with Bitcoin applications. Its consensus mechanism, “proof of transfer,” recycles Bitcoin’s proof-of-work without adding environmental impact. The unique thing about it is that it transforms Bitcoin into a programmable base layer. Thus, it removes one of the key criticisms Bitcoin faces compared toEthereum(ETH-USD).\nStacks employs proof-of-transfer to validate Bitcoin transactions. Miners transfer their Bitcoin instead of burning cryptocurrency, as required in proof-of-burn.\nThe protocol randomly selects a winning miner who receives a block reward paid in STX tokens. Bitcoin is transferred to Stacks of token holders participating in the consensus process by locking up STX tokens. One can earn passive income with Stacks by “stacking” STX tokens and contributing to the proof-of-transfer system.\nStacks is worth considering because of its distinctive characteristics and growth potential in the highly competitive blockchain market. Additionally, it has yet to achieve a large market capitalization, implying that you can acquire numerous tokens inexpensively.\nIf you have finished reviewing this list, don’t worry! You can still explore additional cryptocurrencies beyond the selections highlighted in this article. To discover more options, you canrefer to two great articleswithmore potential picksfor your portfolio.\nOn the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Cryptos to Watch for Explosive Growth in the Next 12 Monthsappeared first onInvestorPlace.', "Join the most important conversation in crypto and web3! Secure your seat today\nThe environmental impact of bitcoin (BTC) mining has been trending again in the last few weeks due to aTexas billto limit miners' grid participation and aNew York Times articlethat condemned the industry.\nBitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data fromCambridge University’s Centre for Alternative Finance, which is about the power consumed by Sweden, according to theInternational Energy Agency.\nTo critics, bitcoin’s proof-of-work algorithm iswasteful by designas its electricity demand continuously grows. To industry advocates it's a feature, not a bug because it secures the network while ensuring decentralization.\nRead more:Can Crypto Miners Make the World Greener?\nThere is a third camp that sees bitcoin’s energy consumption as an opportunity. A slew of new products and companies are trying to mitigate the environmental impact with several innovative systems that build on top of what is already in place to help miners become more sustainable.\nSome of these projects are creating or taking advantage of market instruments that incentivize making bitcoin more “green,” while others are technical, centered around improving efficiencies and synergies around reusing the heat generated by the data centers.\nOne such product, offered by institutional liquidity provider BlockFills and fund Isla Verde Capital, aims to help not only miners but also investors to find a “green” solution for their energy usage.\nTheoffering essentiallyis tradable environmental assets in the forms of carbon emissions offsets and Renewable Energy Credits (REC). Carbon credits, assets that represent sequestered greenhouse gasses through projects such as reforestation, are as well known as they arecriticized.\nRead more:Regen Network Calculates the Real Price of Our Actions\nRenewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour (MWh) of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter (OTC).\nBlockFills and Isla Verde Capital tailor the purchase of RECs and carbon credits to miners’ needs and later retire them, such that miners can make claims about renewable energy sources.\nThe RECs are also geared towards bitcoin investors. “Massive asset managers” are now “looking at bitcoin, but they have these sustainability mandates that they must follow,” said John Divine, leader in digital asset OTC trading at BlockFills. The RECs can help them invest comfortably.\nThis might actually raise the price of RECs, “which directly incentivizes investment in renewable energy technology,” Divine said.\nSwitzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On its platform, liquidity providers looking for bitcoin-native investments can buy future hashrate, or computing power, over a specified period of time.\nThe platform includes“know-your-miner” informationabout a company’s financials, operational data, its energy sourcing and strategy. Block Green believes market mechanisms on the platform will incentivize sustainable mining because liquidity providers will pick miners with sustainable operations, lowering their cost of capital.\n“We are currently working with some of the largest miners in the U.S. and Canada and we have begun integrations with institutions such as custodians, exchanges and asset managers looking to give users access to transparent and scalable” returns on their bitcoin, said a spokesperson for the firm.\nAnother system that is using financial incentives is offered by Clean Incentive and Sustainable Bitcoin Protocol (SBP). These companies are trying to promote investments in “clean” bitcoin by creating new, blockchain-based assets that miners can trade to capitalize on their use of renewables. Investors looking to verifiably own environmentally conscious bitcoin are the right fit for these assets.\nWith SBP, miners can verify their use of clean energy with third-party auditors and be added to a registry. After that, for every block reward they get they receive a Sustainable Bitcoin Mining Certificate, a blockchain-based asset they can sell to institutional investors.SBP completed its first transaction of a sustainable bitcoin certificate in February.\nSimilarly, Clean Incentive looks to “collect, validate and tokenize ESG [environmental, social, and governance] attributes” from a network of miners, said founder and CEO Casey Martinez, a data scientist with experience in renewable energy.\nThe startup is still in stealth mode but has already onboarded several miners, Martinez said. Clean Incentivepartneredwith a small-scale miner from Canada, Ocean Falls Blockchain, in November.\nSome of the more technical systems that firms are providing include both hardware and software-related products.\nImmersion cooling firm, LiquidStack, offers a hardware-based cooling system that can cut the energy used by the computers in bitcoin mines by 40% and reduce their land use by one-third,the company said in March.\nFor every megawatt (MW) of energy used for the actual computing in a data center, LiquidStack's system uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said.\nThe firm, one of the earliest in the space, in Marchreceived funding from Trane Technologies (TT), a 150-year-old firm in the heating and cooling space that brought in $16 billion in revenue in 2022.\n“What made LiquidStack attractive was its potential to improve sustainability for data centers, including bitcoin mining, and its innovation,” said Amber Mulligan, vice president of strategic sales and marketing, commercial HVAC Americas at Trane.\nLiquidStack’s technology also makes heat reuse easier and more efficient, opening the door to a host of synergies for miners, said Mulligan. She said that because the heat is actually managed with liquids instead of traditional air cooling, capturing it and directing it to other uses is easier.\nOn the software side, Vancouver-based mining services firm, Lincoin, has created a program that miners can use to more efficiently and profitably manage their operations, including their participation in demand response programs and heat reuse activities.\nDemand response is when a miner, or other energy consumer, shuts down its operations at times of peak demand, such that the grid can meet the consumption needs.Often miners get paid for this.Heat reuserefers to the practice of using excess heat from a mining operation for another activity, such as greenhouse farming.\nThe software, called Rails, integrates real-time data from over 20,000 grid nodes in nine deregulated electricity markets in the U.S. and Canada, according to its press release.\n“Large-scale miners use Lincoin to monitor real-time profitability, manage and optimize their operations, streamline tasks and participate in grid ancillary services while smaller miners use Lincoin to innovate by managing heat in greenhouses, monetize their surplus solar energy generation, or simply mine intelligently,” said CEO Medi Naseri in an email interview with CoinDesk.\nCORRECTION (April 24, 20:10):An earlier version of this story said that BlockFills is a crypto lender.", "Join the most important conversation in crypto and web3! Secure your seat today The environmental impact of bitcoin (BTC) mining has been trending again in the last few weeks due to a Texas bill to limit miners' grid participation and a New York Times article that condemned the industry. Bitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data from Cambridge University\x92s Centre for Alternative Finance , which is about the power consumed by Sweden, according to the International Energy Agency . To critics, bitcoin\x92s proof-of-work algorithm is wasteful by design as its electricity demand continuously grows. To industry advocates it's a feature, not a bug because it secures the network while ensuring decentralization. Read more: Can Crypto Miners Make the World Greener? There is a third camp that sees bitcoin\x92s energy consumption as an opportunity. A slew of new products and companies are trying to mitigate the environmental impact with several innovative systems that build on top of what is already in place to help miners become more sustainable. Some of these projects are creating or taking advantage of market instruments that incentivize making bitcoin more \x93green,\x94 while others are technical, centered around improving efficiencies and synergies around reusing the heat generated by the data centers. Renewable energy credits One such product, offered by institutional liquidity provider BlockFills and fund Isla Verde Capital, aims to help not only miners but also investors to find a \x93green\x94 solution for their energy usage. The offering essentially is tradable environmental assets in the forms of carbon emissions offsets and Renewable Energy Credits (REC). Carbon credits, assets that represent sequestered greenhouse gasses through projects such as reforestation, are as well known as they are criticized . Read more: Regen Network Calculates the Real Price of Our Actions Renewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour (MWh) of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter (OTC). Story continues BlockFills and Isla Verde Capital tailor the purchase of RECs and carbon credits to miners\x92 needs and later retire them, such that miners can make claims about renewable energy sources. The RECs are also geared towards bitcoin investors. \x93Massive asset managers\x94 are now \x93looking at bitcoin, but they have these sustainability mandates that they must follow,\x94 said John Divine, leader in digital asset OTC trading at BlockFills. The RECs can help them invest comfortably. This might actually raise the price of RECs, \x93which directly incentivizes investment in renewable energy technology,\x94 Divine said. Incentivizing sustainability Switzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On its platform, liquidity providers looking for bitcoin-native investments can buy future hashrate, or computing power, over a specified period of time. The platform includes \x93know-your-miner\x94 information about a company\x92s financials, operational data, its energy sourcing and strategy. Block Green believes market mechanisms on the platform will incentivize sustainable mining because liquidity providers will pick miners with sustainable operations, lowering their cost of capital. \x93We are currently working with some of the largest miners in the U.S. and Canada and we have begun integrations with institutions such as custodians, exchanges and asset managers looking to give users access to transparent and scalable\x94 returns on their bitcoin, said a spokesperson for the firm. Tokenizing clean bitcoin Another system that is using financial incentives is offered by Clean Incentive and Sustainable Bitcoin Protocol (SBP). These companies are trying to promote investments in \x93clean\x94 bitcoin by creating new, blockchain-based assets that miners can trade to capitalize on their use of renewables. Investors looking to verifiably own environmentally conscious bitcoin are the right fit for these assets. With SBP, miners can verify their use of clean energy with third-party auditors and be added to a registry. After that, for every block reward they get they receive a Sustainable Bitcoin Mining Certificate, a blockchain-based asset they can sell to institutional investors. SBP completed its first transaction of a sustainable bitcoin certificate in February. Similarly, Clean Incentive looks to \x93collect, validate and tokenize ESG [environmental, social, and governance] attributes\x94 from a network of miners, said founder and CEO Casey Martinez, a data scientist with experience in renewable energy. The startup is still in stealth mode but has already onboarded several miners, Martinez said. Clean Incentive partnered with a small-scale miner from Canada, Ocean Falls Blockchain, in November. Efficient cooling Some of the more technical systems that firms are providing include both hardware and software-related products. Immersion cooling firm, LiquidStack, offers a hardware-based cooling system that can cut the energy used by the computers in bitcoin mines by 40% and reduce their land use by one-third, the company said in March. For every megawatt (MW) of energy used for the actual computing in a data center, LiquidStack's system uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said. The firm, one of the earliest in the space, in March received funding from Trane Technologies (TT) , a 150-year-old firm in the heating and cooling space that brought in $16 billion in revenue in 2022. \x93What made LiquidStack attractive was its potential to improve sustainability for data centers, including bitcoin mining, and its innovation,\x94 said Amber Mulligan, vice president of strategic sales and marketing, commercial HVAC Americas at Trane. LiquidStack\x92s technology also makes heat reuse easier and more efficient, opening the door to a host of synergies for miners, said Mulligan. She said that because the heat is actually managed with liquids instead of traditional air cooling, capturing it and directing it to other uses is easier. On the software side, Vancouver-based mining services firm, Lincoin, has created a program that miners can use to more efficiently and profitably manage their operations, including their participation in demand response programs and heat reuse activities. Demand response is when a miner, or other energy consumer, shuts down its operations at times of peak demand, such that the grid can meet the consumption needs. Often miners get paid for this . Heat reuse refers to the practice of using excess heat from a mining operation for another activity, such as greenhouse farming. The software, called Rails, integrates real-time data from over 20,000 grid nodes in nine deregulated electricity markets in the U.S. and Canada, according to its press release. \x93Large-scale miners use Lincoin to monitor real-time profitability, manage and optimize their operations, streamline tasks and participate in grid ancillary services while smaller miners use Lincoin to innovate by managing heat in greenhouses, monetize their surplus solar energy generation, or simply mine intelligently,\x94 said CEO Medi Naseri in an email interview with CoinDesk. CORRECTION (April 24, 20:10): An earlier version of this story said that BlockFills is a crypto lender.", "Join the most important conversation in crypto and web3! Secure your seat today\nThe environmental impact of bitcoin (BTC) mining has been trending again in the last few weeks due to aTexas billto limit miners' grid participation and aNew York Times articlethat condemned the industry.\nBitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data fromCambridge University’s Centre for Alternative Finance, which is about the power consumed by Sweden, according to theInternational Energy Agency.\nTo critics, bitcoin’s proof-of-work algorithm iswasteful by designas its electricity demand continuously grows. To industry advocates it's a feature, not a bug because it secures the network while ensuring decentralization.\nRead more:Can Crypto Miners Make the World Greener?\nThere is a third camp that sees bitcoin’s energy consumption as an opportunity. A slew of new products and companies are trying to mitigate the environmental impact with several innovative systems that build on top of what is already in place to help miners become more sustainable.\nSome of these projects are creating or taking advantage of market instruments that incentivize making bitcoin more “green,” while others are technical, centered around improving efficiencies and synergies around reusing the heat generated by the data centers.\nOne such product, offered by institutional liquidity provider BlockFills and fund Isla Verde Capital, aims to help not only miners but also investors to find a “green” solution for their energy usage.\nTheoffering essentiallyis tradable environmental assets in the forms of carbon emissions offsets and Renewable Energy Credits (REC). Carbon credits, assets that represent sequestered greenhouse gasses through projects such as reforestation, are as well known as they arecriticized.\nRead more:Regen Network Calculates the Real Price of Our Actions\nRenewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour (MWh) of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter (OTC).\nBlockFills and Isla Verde Capital tailor the purchase of RECs and carbon credits to miners’ needs and later retire them, such that miners can make claims about renewable energy sources.\nThe RECs are also geared towards bitcoin investors. “Massive asset managers” are now “looking at bitcoin, but they have these sustainability mandates that they must follow,” said John Divine, leader in digital asset OTC trading at BlockFills. The RECs can help them invest comfortably.\nThis might actually raise the price of RECs, “which directly incentivizes investment in renewable energy technology,” Divine said.\nSwitzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On its platform, liquidity providers looking for bitcoin-native investments can buy future hashrate, or computing power, over a specified period of time.\nThe platform includes“know-your-miner” informationabout a company’s financials, operational data, its energy sourcing and strategy. Block Green believes market mechanisms on the platform will incentivize sustainable mining because liquidity providers will pick miners with sustainable operations, lowering their cost of capital.\n“We are currently working with some of the largest miners in the U.S. and Canada and we have begun integrations with institutions such as custodians, exchanges and asset managers looking to give users access to transparent and scalable” returns on their bitcoin, said a spokesperson for the firm.\nAnother system that is using financial incentives is offered by Clean Incentive and Sustainable Bitcoin Protocol (SBP). These companies are trying to promote investments in “clean” bitcoin by creating new, blockchain-based assets that miners can trade to capitalize on their use of renewables. Investors looking to verifiably own environmentally conscious bitcoin are the right fit for these assets.\nWith SBP, miners can verify their use of clean energy with third-party auditors and be added to a registry. After that, for every block reward they get they receive a Sustainable Bitcoin Mining Certificate, a blockchain-based asset they can sell to institutional investors.SBP completed its first transaction of a sustainable bitcoin certificate in February.\nSimilarly, Clean Incentive looks to “collect, validate and tokenize ESG [environmental, social, and governance] attributes” from a network of miners, said founder and CEO Casey Martinez, a data scientist with experience in renewable energy.\nThe startup is still in stealth mode but has already onboarded several miners, Martinez said. Clean Incentivepartneredwith a small-scale miner from Canada, Ocean Falls Blockchain, in November.\nSome of the more technical systems that firms are providing include both hardware and software-related products.\nImmersion cooling firm, LiquidStack, offers a hardware-based cooling system that can cut the energy used by the computers in bitcoin mines by 40% and reduce their land use by one-third,the company said in March.\nFor every megawatt (MW) of energy used for the actual computing in a data center, LiquidStack's system uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said.\nThe firm, one of the earliest in the space, in Marchreceived funding from Trane Technologies (TT), a 150-year-old firm in the heating and cooling space that brought in $16 billion in revenue in 2022.\n“What made LiquidStack attractive was its potential to improve sustainability for data centers, including bitcoin mining, and its innovation,” said Amber Mulligan, vice president of strategic sales and marketing, commercial HVAC Americas at Trane.\nLiquidStack’s technology also makes heat reuse easier and more efficient, opening the door to a host of synergies for miners, said Mulligan. She said that because the heat is actually managed with liquids instead of traditional air cooling, capturing it and directing it to other uses is easier.\nOn the software side, Vancouver-based mining services firm, Lincoin, has created a program that miners can use to more efficiently and profitably manage their operations, including their participation in demand response programs and heat reuse activities.\nDemand response is when a miner, or other energy consumer, shuts down its operations at times of peak demand, such that the grid can meet the consumption needs.Often miners get paid for this.Heat reuserefers to the practice of using excess heat from a mining operation for another activity, such as greenhouse farming.\nThe software, called Rails, integrates real-time data from over 20,000 grid nodes in nine deregulated electricity markets in the U.S. and Canada, according to its press release.\n“Large-scale miners use Lincoin to monitor real-time profitability, manage and optimize their operations, streamline tasks and participate in grid ancillary services while smaller miners use Lincoin to innovate by managing heat in greenhouses, monetize their surplus solar energy generation, or simply mine intelligently,” said CEO Medi Naseri in an email interview with CoinDesk.\nCORRECTION (April 24, 20:10):An earlier version of this story said that BlockFills is a crypto lender.", 'Employees of business software company MicroStrategy can now receive Bitcoin payments to their corporate email addresses, MicroStrategy co-founder and executive chairman Michael Saylor revealed during the Cafe Bitcoin Twitter Spaces on Monday. It might sound like a magical feat, but anyone can set one up. We\'ll show you how. The Lightning Network , Bitcoin\'s speedier and more scalable cousin, fixes Bitcoin\'s scalability problems. Traditionally, when someone wants to receive a Lightning payment, they generate a Lightning invoice — a long scrambled string of characters that isn\'t human-readable. To counter this, The Lightning Address standard is spreading across the industry, replacing the long, ugly invoice with what looks like a familiar email address. So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 As shown on The Lightning Address website , a number of Lightning services across the industry offer a way to easily set up one of these addresses, such as Zebedee, Alby, and Breez. Each service has its own unique domain — take your pick. We\'ll use Bitcoin gaming app Zebedee, one of the more vocal proponents of the Lightning address. When you install Zebedee to your phone, right off the bat it asks you to create a "gamertag," which is simply a Lightning Address by another name. Select a "gamertag" on Zebedee. Image: Zebedee Select a name and — voilà! You\'ve created a Lightning Address. It\'s as easy as that. It’s important to note that since the Lightning industry is still blooming, the Lightning Address can\'t be used everywhere. The Lightning Address website features a list of Lightning wallets and services that support sending or receiving payments with a Lightning Address. Story continues If you want to get really fancy, it\'s also possible to add Lightning support to your own personal domain, like Saylor did with MicroStrategy.com . (Note that you have to own the domain in order to be able to do this. It won\'t work for a gmail.com email, for instance.) Setting this up is also pretty easy, as long as you have the ability to upload files to your website server. Lightning chrome extension Alby recently walked through the steps of how to do so on Twitter . First, install the Alby browser extension, available on Chrome and Firefox, and set up an account with Alby. At the bottom of the account creation page, you’ll create a new Lightning Address with them. Creating an Alby account. Image: Alby After that, go here: https://getalby.com/.well-known/lnurlp /<USERNAME>. For instance, my username is “alyssa” so I went to https://getalby.com/.well-known/lnurlp /alyssa If all is well, your page will look something like this: Downloading your user file on Alby. Image: Alby You then download the file locally so you can use it in the next step by clicking “save” in the top left corner. Delete “.json” at the end, so the file name is just your username. When that’s set, upload this file to the same location on your own w Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,986,670,362 - Hash Rate: 360804518.3013832 - Transaction Count: 354752.0 - Unique Addresses: 652782.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: VICTORIA , Seychelles , March 22, 2023 /PRNewswire/ -- Bitget , the largest crypto copy trading platform, has announced a $30 million investment in the decentralized BitKeep multi-chain wallet, becoming its controlling stakeholder. The deal will allow the exchange to extend its range of services while also supporting BitKeep in enhancing the stability and security of its offerings. It's also aimed at helping both companies to leverage their strengths and collaborate on linking DeFi and CeFi. Bitget Invests US$30M In Multi-Chain Wallet BitKeep (PRNewsfoto/Bitget) The investment involves the merger of BitKeep Wallet with Bitget's business domain, significantly bolstering its existing user base and product offering. The BitKeep wallet was founded in 2018 and has been providing uninterrupted and reliable non-custodial wallet, swap and NFT marketplace services to its user base of more than 8 million across 168 countries. The wallet supports 90 mainnet networks such as Bitcoin, Ethereum, BNB Chain, Polygon, and Solana, and over 250,000 types of assets across more than 20,000 dApps. As part of the deal, Bitget has invested $30 million in BitKeep, increasing its shareholding and becoming the controlling stakeholder of the company evaluated at $300 million during its previous funding round. The partnership with Bitget will give the wallet access to the exchange's proven technology and security capabilities in the exchange domain, thus helping it improve the stability and security of its services. The investment announcement will be publicly made by the Bitget executives at Paris Blockchain Week. The deal is an important move for Bitget, as it will expand its business territory to the wallet sector and help it provide native storage and asset management services. By integrating BitKeep's established 8 million user base, Bitget will be receiving access to an entirely new audience of potential clients. This is one of Bitget's crucial moves towards Web3 entry as part of its new Go Beyond Derivatives strategy, which foresees linking CeFi and DeFi, transforming the platform from a leading contract exchange to a comprehensive and holistic exchange with its own ecosystem. Story continues Gracy Chen , managing director at Bitget, commented on the investment: " This move is a win-win choice for Bitget and BitKeep and facilitates collaborative efforts in the decentralized space and beyond. We are not only delighted to provide the team at BitKeep with the necessary support to reinforce the security and stability of its offering services, but also excited to have such an established industry player as part of our growing ecosystem. Being one of the most trusted crypto exchanges with a $300 million user protection fund, we know how much security and reliability mean to cryptocurrency users and are confident that the integration of our native solutions in this domain into BitKeep's framework will bolster its image as an attractive wallet. " Moka Han , Chief Operating Officer at BitKeep, also shared her views on the significance of the investment for users, adding: "The investment deal implies not only financial but also technical support, which will be provided to us by a professional team along with the experience necessary for product growth and market expansion. We are excited about this partnership and the potential it has to provide our users with even more comprehensive digital asset management services. We believe that working closely with Bitget will not only drive the growth of our business but also provide us with valuable experience exchange that will benefit our users." BitKeep's impressive lineup of services stretches far beyond a crypto wallet. It provides users with access to various DeFi protocols and NFT projects across different blockchains via its integrated dApp explorer, facilitating seamless and effortless interactions with crypto transactions. It also supports an NFT marketplace, a launchpad and a swap feature. As a purpose-built solution with diverse capabilities, BitKeep will further propel Bitget into the Web3 space once the integration is completed. In May 2022 , BitKeep announced a $15 million fundraising at a $100 million valuation. Dragonfly Capital led the round with participation from KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital and YM Capital. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi , the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform. For more information, visit: Website \| Twitter \| Telegram \| LinkedIn \| Discord About BitKeep BitKeep is a decentralized multi-chain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT Marketplace, wallet function, swap services, DApp Browser, and Launchpad. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America , Europe , and Asia and is the top-rated wallet on Google Play globally, surpassing Metamask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. For more information, visit: Website \| Twitter \| Telegram \| LinkedIn \| Discord SOURCE Bitget... - Reddit Posts (Sample): [['u/Dalkson', 'A little TA, as a treat.', 24, '2023-04-22 00:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/', 'I’m going to preface this with I know a lot of people here dislike TA; However, I have seen a few ask for more of it in the community. I am by no means an expert, but my trades are net green using simple TA with support and resistance lines.\n\nhttps://preview.redd.it/9w3462n58bva1.png?width=2532&format=png&auto=webp&v=enabled&s=9dfc513d5c7fcc5f2139ff8f03d3bc21aea88a80\n\nhttps://preview.redd.it/kk97nry68bva1.png?width=2532&format=png&auto=webp&v=enabled&s=a76145d7cc91144251638f7ebd115eb2b9a323e6\n\nBased off these charts, BTC and ETH have broken support. Considering we have been pumping quite a bit, a pullback is healthy, and it just so happens that the next major support will be a perfect 50% pullback since march 10th.\n\nThese 50% pullbacks are common in trends and happened after the January pump to 24k and 1700 respectively.\n\nI am not saying anyone should sell or short, but I do think that there is a possibility we momentarily revisit these levels. What I do think people should do during the next week or so is prepare to be able to buy this possible dip. \n\n\nEdit: \n\nI should add that hitting 24k would give us this nice support line along the bottom.\n\nhttps://preview.redd.it/qpfx1gejpbva1.png?width=965&format=png&auto=webp&v=enabled&s=edeffd1268e5d8856ee81ed7c78afa8383f52805', 'https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/', '12uk1wt', [['u/Calm-Cartographer677', 22, '2023-04-22 00:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/jh77kbo/', 'I love a bit of astrology in the evening, thanks OP!', '12uk1wt']]], ['u/spookmann', 'NOTE: Bitcoin dropping 10% in a week is not particularly newsworthy.', 465, '2023-04-22 00:55', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/', 'And frankly, that should scare the crap out of anybody who is HODLing bags of bitcoin.', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/', '12ulo2k', [['u/therobotisjames', 103, '2023-04-22 01:01', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7ew0c/', 'Computer money go down! No!!!', '12ulo2k'], ['u/grauenwolf', 106, '2023-04-22 01:41', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7jtqd/', "Bitcoin going up was good news to report on during the plague.\n\nWith all of the bad news these days, reporters don't need filler content like Bitcoin crashing (again).\n\nAnd I agree, that's bad for Bitcoin.", '12ulo2k'], ['u/decaf_flat_white', 63, '2023-04-22 01:43', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7k4vx/', 'Steady lads, CZ’s wash trading bot army just suffered a small technical fault. Just got to page some poor IT sap who’s getting paid in imaginary internet money to fix it over the weekend.\n\nNothing to see here. Go back to being poor everyone.', '12ulo2k'], ['u/greyenlightenment', 21, '2023-04-22 02:07', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7n4n1/', 'Yeah this is why ppl got to chill when the price goes up. it falls way faster and more than it goes up. long term trend: zero.', '12ulo2k'], ['u/greyenlightenment', 48, '2023-04-22 02:09', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7nclr/', 'funny how bitcoin losses are always measured in dollars', '12ulo2k'], ['u/robot_slave', 11, '2023-04-22 02:17', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7obkk/', "OK, fine, piss on my campfire.\n\nI'm a sicko, and I'm going relish my Line Go Down even if it does only last fifteen minutes.", '12ulo2k'], ['u/poobly', 10, '2023-04-22 02:39', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7r11k/', 'You know we’re laughing at you, right?', '12ulo2k'], ['u/Short_Syllabub_303', 20, '2023-04-22 02:43', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7rh5q/', 'When a cryptobro unironically uses the mantras in our sub and we upvote by mistake 😂', '12ulo2k'], ['u/Opcn', 12, '2023-04-22 02:52', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7sjqp/', 'One bag will always equal one bag. Hodl!', '12ulo2k'], ['u/Potential-Coat-7233', 22, '2023-04-22 03:33', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7xj8z/', 'Price doesn’t matter, abysmal adoption rates does.\n\nThis shit is hilarious in up and down markets.', '12ulo2k'], ['u/biffbobfred', 16, '2023-04-22 03:46', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh7z6ru/', 'Abysmal adoption rates help price stability. If there’s no actual usage flow then the market manipulation flow can be smaller', '12ulo2k'], ['u/barsoapguy', 45, '2023-04-22 04:18', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh82w40/', 'BeczuE bro, we do our own due diligence.\n\nThe vast majority of us are quite smart here.', '12ulo2k'], ['u/InsightTussle', 28, '2023-04-22 04:18', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh82wat/', 'Is that why tether printed another billion?', '12ulo2k'], ['u/Way-Reasonable', 74, '2023-04-22 04:26', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh83uwn/', "10% just doesn't do it for me anymore...I need bigger losses to trigger my dopamine", '12ulo2k'], ['u/DukkhaHappens', 30, '2023-04-22 04:27', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh83xbm/', 'Actually the Bitcoin price drop is signaling an upcoming moonshot. So it’s good for Bitcoin. 😂', '12ulo2k'], ['u/Gildan_Bladeborn', 13, '2023-04-22 05:03', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh88262/', 'Tree fiddy.', '12ulo2k'], ['u/therobotisjames', 29, '2023-04-22 05:45', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8cnfs/', 'Computer money should be measured in bytes.', '12ulo2k'], ['u/ThePhysicistIsIn', 19, '2023-04-22 05:56', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8dqnr/', 'Basically yeah, we read about crypto a lot', '12ulo2k'], ['u/PatchworkFlames', 12, '2023-04-22 06:30', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8h5ta/', '50% down and 100% up are equivalently big changes in asset value. Percentage decrease inherently has a bigger effect of the value of assets as the same percentage increase.', '12ulo2k'], ['u/[deleted]', 32, '2023-04-22 06:31', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8h9z7/', ">Do u just read about crypto a lot or sumn?\n\nThis is a sub for making fun of crypto morons. Why would people who don't know anything about crypto follow it?", '12ulo2k'], ['u/MrBirdHorner', 21, '2023-04-22 07:12', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8kwur/', 'It might surprise you to discover that the more one understands crypto and crypto markets, the less one wants anything to do with either', '12ulo2k'], ['u/Mongorize', 17, '2023-04-22 07:18', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8lej3/', "Christ - You really are a complete idiot, aren't ya?", '12ulo2k'], ['u/frivol', 22, '2023-04-22 08:00', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8orjw/', 'So a basket of drugs and ransom?', '12ulo2k'], ['u/entered_bubble_50', 16, '2023-04-22 08:26', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8qrtz/', 'Bro, Binance accounts for >80% of bitcoin transactions. They claim 11 trillion dollars in transactions per 24 hours. They are crypto. Everyone else is a rounding error.', '12ulo2k'], ['u/drlogwasoncemine', 10, '2023-04-22 08:38', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8rml0/', "Yeah, tether has to print to cover all the crypto sales. When the price goes up, people are excited and buy Bitcoin. When the price drops, it's cheaper so people buy more Bitcoin.\n\nSee, totally justified if you think about it taps head", '12ulo2k'], ['u/JasperJ', 12, '2023-04-22 09:02', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8tcpl/', 'Kilowatthours might be viable.', '12ulo2k'], ['u/entered_bubble_50', 14, '2023-04-22 09:07', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8tq8n/', "Sorry, you're right, it's 11 billion not trillion. \n\nThe interest comes from the fact that this is the biggest scam of all time, by far, and it's collapsing around us in real time. It's just interesting.", '12ulo2k'], ['u/JasperJ', 13, '2023-04-22 09:08', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8trkx/', 'Your idiocy is more along the lines of your deliberately misspelled folksy bonhomie.', '12ulo2k'], ['u/therobotisjames', 13, '2023-04-22 09:08', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8trqa/', 'Kilowatt bytes divided by computers equals money. Very simple. I don’t understand why people can’t understand this.', '12ulo2k'], ['u/deco19', 11, '2023-04-22 09:14', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8u891/', "Ah so you're a middleman exchanging transient ownership around, almost useless job except providing liquidity for people who treat ownership in a company like owning a part of a business.", '12ulo2k'], ['u/Ichabodblack', 10, '2023-04-22 09:15', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8u903/', 'This entire comment has me worrying about the education of the worlds youth', '12ulo2k'], ['u/baloobah', 11, '2023-04-22 09:24', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8uwd7/', '> why someone would have a vast knowledge of something they dislike\n\nHow else would you make sure you dislike it?\n\nAre you saying hate has to always be baseless?', '12ulo2k'], ['u/magikdyspozytor', 11, '2023-04-22 09:26', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8v26j/', '1 BTC = 1 BTC', '12ulo2k'], ['u/Dirt-Purple', 19, '2023-04-22 10:22', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh8yu40/', 'Going up seemed manipulated as hell. Every market was still treading carefully while BTC was up 70% in no time? Wait, didnt CZ just use the $2bn he accumulated in an industry recovery fund to buy cryptos including his own crypto BNB, and pump the market up? \n\n\nOutside CZ and Microstrategy, crypto really doesnt have a buyer of big volume.', '12ulo2k'], ['u/red-spider-mkv', 16, '2023-04-22 10:57', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh912ca/', "I don't recall any CEO of a make up company being a public figure on Twitter, constantly pumping their products, do you?", '12ulo2k'], ['u/wehavenocontrol1', 21, '2023-04-22 11:55', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh94r0t/', "Yeah, wake me up when it's <20k again. Then i'll grab the popcorn and watch the drama/fireworks.", '12ulo2k'], ['u/TrueBirch', 12, '2023-04-22 16:46', 'https://www.reddit.com/r/Buttcoin/comments/12ulo2k/note_bitcoin_dropping_10_in_a_week_is_not/jh9wqd9/', "I see you're a skilled technical analyst", '12ulo2k']]], ['u/sophia-avon', "About the US government's upcoming dump of 31,000 BTC", 94, '2023-04-22 01:17', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/', "Do they really prefer to do everything possible to depress prices rather than stockpile?do you guys think it's good news or bad news?", 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/', '12umcly', [['u/llewsor', 11, '2023-04-22 01:21', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7hcj5/', 'good for people that want cheap sats. bad for people that trade with leverage or stack fiat.', '12umcly'], ['u/chrisxinghua', 67, '2023-04-22 01:24', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7hqnp/', "The govt has one message: our currency is the best currency. They make all moves to prop up that idea. They just printed more money AGAIN to give banks a huge slush fund to cover more bad bets (and make future bad bets), that's why banks all just announced good earnings even though they had higher outflow and defaults. It's because they got a visit from money-printer Santa, and now their coffers are full again, at the expense of everyone else's fiat.", '12umcly'], ['u/CannaDorata1', 64, '2023-04-22 01:28', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7ibrv/', 'Microstrategy will buy them all lmao', '12umcly'], ['u/Apprehensive-Bed5241', 211, '2023-04-22 01:33', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7ivhd/', 'Bring it. I want a piece of that. Lower prices for longer. Halving is a year away and we need to accumulate as much as we can before then.\n\nEdit: fixed the typo.', '12umcly'], ['u/Nubraskan', 10, '2023-04-22 02:03', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7mlgm/', "It's noise.\n\nSignal is in adoption. Use cases. Development.", '12umcly'], ['u/offgridgecko', 13, '2023-04-22 02:05', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7mvsi/', "Can they do it next week please? I'm ready to do some stacking.", '12umcly'], ['u/Miserable_Drink_8920', 10, '2023-04-22 02:23', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7p4w7/', 'No one cares.', '12umcly'], ['u/sonartxlw', 41, '2023-04-22 02:48', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7s5y9/', 'I hope they do it all at once. I’m tired of buying at 29k. Much more satisfying around 15', '12umcly'], ['u/benditbackwards', 21, '2023-04-22 02:50', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7sehj/', "they are selling for two reasons: \n1) they can't be saying crypto is bad when they themselves are holding some. \n2) dumping it on the open market they are hoping it will depress the price and that will fall into their 'its going to zero' narrative.\n\nAside of those reasons, its surprising they don't just dump it hard on to the Bitcoin market, it's not like they need the cash, and besides I won't mind some bargin basement bitcoin!", '12umcly'], ['u/Upper-Razzmatazz176', 50, '2023-04-22 03:04', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh7u3hu/', 'This is real bs that I don’t think Americans realize or even the world is they take everything from us and make us pay for the ultra rich. Who in turn pay no taxes and make outrageous gambles, fail and are bailed out while we pay for it. Meanwhile small businesses get left to fail. It’s crooks helping crooks. Modern day kings and queens rule over us peasants.', '12umcly'], ['u/alllballs', 43, '2023-04-22 04:22', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh83dru/', "I've got greenbacks to get rid of. Let's gooooo!", '12umcly'], ['u/smartiesto', 17, '2023-04-22 04:26', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh83wd6/', 'I’m not surprised. The current administration is using the Strategic Petroleum Reserve to depress oil prices rather than stockpile.', '12umcly'], ['u/castironchris', 10, '2023-04-22 05:39', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh8by3r/', 'I see your 10 year bubba', '12umcly'], ['u/road22', 11, '2023-04-22 06:10', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh8f6xz/', 'It is all FUD.\n\nIf they sell, it will be over the counter. They will sell to themselves and or Blackrock.\n\nIts hard for the DOJ to hold onto BTC.', '12umcly'], ['u/RollingCoalsDaily', 10, '2023-04-22 08:52', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh8smum/', 'That’s the spirit!\n\nLogic > instant gratification', '12umcly'], ['u/No_Rest_9653', 11, '2023-04-22 13:43', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh9cq8s/', 'It just takes an understanding of division.', '12umcly'], ['u/dangerdave18', 10, '2023-04-22 13:51', 'https://www.reddit.com/r/Bitcoin/comments/12umcly/about_the_us_governments_upcoming_dump_of_31000/jh9dd7r/', 'This is the way.⬆️⬆️⬆️⬆️⬆️💪', '12umcly']]], ['u/Daddio4u', 'Why run a node?', 17, '2023-04-22 03:51', 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/', "I'm not a nube to Bitcoin but am to the workings of the network. \n\nI thought mining Bitcoin makes you Bitcoin and so is intended to be profitable. I also thought a node was a miner but I'm wrong.\n\nWhy run a node when it's just costing you money?", 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/', '12uqobh', [['u/dadlif3', 20, '2023-04-22 04:47', 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/jh86adh/', 'You should run a node because the nodes are what makes Bitcoin decentralized.', '12uqobh'], ['u/Numerous-Kitchen-774', 14, '2023-04-22 05:29', 'https://www.reddit.com/r/Bitcoin/comments/12uqobh/why_run_a_node/jh8av7r/', "And this is the primary reason BTC is king. \n\nIt is the MOST decentralized digital currency in existence.\n\nDo your part. Run your full node. How else will you know your funds are where you think they are? By trusting other people's nodes?\n\nDon't trust. Verify.", '12uqobh']]], ['u/OutTop', '0.001% can take $1 and turn it into $100 with a shit coin. The other 99.99% will turn $100 to $1 with a shit coin. Story of $Arbi PEPE, Recently rugged token.', 19, '2023-04-22 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/12urs2g/0001_can_take_1_and_turn_it_into_100_with_a_shit/', "It's as simple as that. Most Twitter/Reddit posts that say OMG this guy turned $25 into 10M!! are either the devs or inside traders.\n\nRecently we saw a brief meme coin pump. Leading the pump was $PEPE. Which is already down from ATH now. When $PEPE started gaining momentum other people wanted to capitalize on this so they made similar tokens that contained $Pepe in the name. \n\nOne of those tokens was called Arbi Pepe.\n\n\n\nhttps://preview.redd.it/23tt5xo0kcva1.png?width=1290&format=png&auto=webp&v=enabled&s=a332ccec69d3d15d60a189aa2462c4d051d7f732\n\nAs you can see it got rugged. Down 100% today with a fully diluted MC of $35. It has over 130m in trading volume that day! \n\n\n\nhttps://preview.redd.it/cugmomeakcva1.png?width=1009&format=png&auto=webp&v=enabled&s=fd0685aec4b26837cea7f59e051de44641160584\n\nThe coin has some up and downs before the rug in which many causal investors who wanted to 10x their money in one day bought in.\n\nhttps://preview.redd.it/0vp39iofkcva1.png?width=1013&format=png&auto=webp&v=enabled&s=b2396d2a3689376ed021e2f6ffb1ec1c1ab8e853\n\nWhat is the lesson here? STOP PUTTING YOUR MONEY IN SHIT COINS. Simple... Also, there is a reason why people can't just 10x their money in a week. If it was easy everyone would be doing it already. If you are up in these meme coins GET OUT NOW. You will get burned. \n\nWhen people say put most of your money in btc/eth I always see comments below that say why? This is why! \n\nTLDR: Shitcoin gets rugged. Shit coins are bad. Stop putting money into them...", 'https://www.reddit.com/r/CryptoCurrency/comments/12urs2g/0001_can_take_1_and_turn_it_into_100_with_a_shit/', '12urs2g', [['u/deathbyfish13', 17, '2023-04-22 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/12urs2g/0001_can_take_1_and_turn_it_into_100_with_a_shit/jh8ayqt/', 'You always hear about the one guy who made it big but never about the thousands of others who gambled it all and lost', '12urs2g']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, April 22, 2023', 33, '2023-04-22 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/', '12utxee', [['u/DamonAndTheSea', 30, '2023-04-22 06:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh8hd0y/', 'I think we’re likely due for a [short term bounce here with confluence of trend support and bottom side of daily BBs.](https://www.tradingview.com/x/UE9Jo3dH/)\n\nWeekly took a hit on this move down, but both [weekly](https://www.tradingview.com/x/HHL5FrUM/) and [monthly](https://www.tradingview.com/x/oePHJPGS/) Heikin still green on this momentum move. \n\nThere’s quite a lot of skepticism on this move off the lows. [$24k is bottom of current channel](https://www.tradingview.com/x/BkMHjjVb/) and last big level of support above $20k. \n\nI wouldn’t count out a recovery move off $27k-ish range (maybe even a bit lower) before another try higher. I still think [3 drives is in play here.](https://www.tradingview.com/x/ADeEsBmG/)', '12utxee'], ['u/_TROLL', 42, '2023-04-22 07:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh8o7j9/', "From previous thread, /u/bleak_hibernation --\n\n> I see a lot of hate for Gensler, and it's probably well-earned but I don't really get it. In the context of Bitcoin, what is there beyond repeatedly denying the spot ETFs? I don't really understand how having a spot ETF would conceptually impact the price beyond quicker discovery.\n\nHe's actively driving crypto businesses away from the U.S. Whether this is to strangle crypto entirely or ultimately an attempt to funnel business to favored TBTF outfits like Fidelity and Blackrock remains to be seen.\n\nHe's purposely refusing to issue clear statements about which coins are or aren't securities, then using that obfuscation to penalize exchanges.\n\nHe was close with SBF before that whole scam came crashing down.\n\nHe constantly harps about the need to 'protect investors', while failing to do just that until after the fact -- FTX, Terra Luna, numerous other altcoin rugpulls, etc.\n\nThe current SEC is wildly disproportionately fixated on crypto, despite the US stock market's total market cap being 100 times larger. I could go on. This guy had a reputation of being 'crypto friendly' before he headed the SEC. He's been anything but.", '12utxee'], ['u/aeronbuchanan', 10, '2023-04-22 12:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh95lly/', "You've made some money, so close it fast! ;-)", '12utxee'], ['u/PatientlyWaitingfy', 10, '2023-04-22 12:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh98qsi/', 'Good job, now this is usually not how 100x plays out. The risk/reward ratio is not worth it. Take the profit and lower you leverage next time.', '12utxee'], ['u/spinbarkit', 11, '2023-04-22 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9k0kf/', 'my all in long survived so far. lowest price was ~200$ from my liquidation (26 900). so far so good. just so you know if I had cash I would relong it here. if you play it rough you gotta be tough', '12utxee'], ['u/gozunker', 16, '2023-04-22 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9m3kq/', 'Well, today we’ve reached the phase where I’ve laddered next week’s DCA buys down every $500 drop to $25k because it’s looking so weak and I don’t want to miss out. Which always means they never hit and the corn reverses up. And then next Friday I’ll cancel all the unhit orders and do the full DCA at $30400. \n\nFollow me for more trading advice.', '12utxee'], ['u/jarederaj', 27, '2023-04-22 16:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9xmyf/', 'I do not think that word means what you think it means.', '12utxee'], ['u/jarederaj', 13, '2023-04-22 16:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jh9xwju/', 'Just buy a little bit every 24 hours stop trying to overthink it.', '12utxee'], ['u/imissusenet', 12, '2023-04-22 17:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jha5tss/', 'You take the wins you can. My $27000 order filled on Gemini yesterday, Coinbase never got lower than $27133.', '12utxee'], ['u/bobsagetslover420', 12, '2023-04-22 18:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhabrmb/', 'DCA means you buy at set time intervals no matter the price. The term you\'re probably looking for is "lowering my cost basis"', '12utxee'], ['u/thewardser', 13, '2023-04-22 18:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhadelb/', 'setting a sell at $29,999\n\nthis should get me pretty much to breakeven for April once it hits', '12utxee'], ['u/xtal_00', 11, '2023-04-22 19:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhahgnf/', 'So definitely not able to trade as much these days. Flipped to a lower leverage long term position.\n\nEngaging with the US banking system to send money home.. heh. Wow. Just wow.', '12utxee'], ['u/xtal_00', 10, '2023-04-22 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/12utxee/daily_discussion_saturday_april_22_2023/jhakp6n/', "Comically difficult. Third party service required.\n\nI'd use Bitcoin but I don't want any Bitcoin activities tied to US accounts.", '12utxee']]], ['u/makeasnek', 'Despite not being in the top 10 by market cap, Tezos breaks into the Top 5 by decentralization', 99, '2023-04-22 08:22', 'https://www.reddit.com/r/tezos/comments/12ux10j/despite_not_being_in_the_top_10_by_market_cap/', 'We hear all the time about how some coin is more centralized than others, but the question is how centralized? A good way to measure this is the number of "full nodes" in the network. I compiled a list of the top 10 market cap coins by number of "full nodes" plus added a few I know to have a large network even if they have a smaller market cap. Full nodes are computers or servers with an entire copy of the blockchain that can participate in consensus. Node count is important for security, decentralization, and network resiliency. \n\nTop 10 coins (ranked by # of nodes)\n\n\|Ranking\|Coin\|\\# of full nodes\|market cap per node, lower # = more decentralized\|source\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|1\|BTC (Bitcoin)\|45,000\|529,137,374,515/45,000=11,758,608\|[https://bitnodes.io/nodes/all/](https://bitnodes.io/nodes/all/)\|\n\|2\|ETH (Ethereum)\|9,000 (you will often see 50k quoted, these are not full validators.)\|$223,063,828,515/9000=24,784,869\|[https://etherscan.io/nodetracker#countries/us/us-all](https://etherscan.io/nodetracker#countries/us/us-all)\|\n\|3\|Doge (Dogecoin)\|4,600\|10,937,333,832/4600=2,377,681\|[https://what-is-dogecoin.com/nodes/](https://what-is-dogecoin.com/nodes/)\|\n\|4\|XTZ (Tezos)\|4,000\|937,969,911/4,000=234,492\|[https://tzkt.io/network](https://tzkt.io/network)\|\n\|5\|GRC (Gridcoin)\|3,000\|6,993,748/3,000=2,331\|[https://gridcoin.ch/network-map](https://gridcoin.ch/network-map)\|\n\|6\|XMR (Monero)\|2,800\|2,758,496,414/2,800=985,177\|[https://eprint.iacr.org/2019/411.pdf](https://eprint.iacr.org/2019/411.pdf)\|\n\|7\|ADA (Cardano)\|Impossible to determine but probably around 2,000.\|13,334,955,423/2000=6,667,477\|[https://cexplorer.io/relays](https://cexplorer.io/relays) [https://np.reddit.com/r/cardano/comments/mbhzec/number\\_of\\_cardano\\_nodes/](https://np.reddit.com/r/cardano/comments/mbhzec/number_of_cardano_nodes/)\|\n\|8\|SOL (Solana)\|1,900\|8,325,632,486/1900=4,381,911\|[https://solana.com/news/validator-health-report-august-2022](https://solana.com/news/validator-health-report-august-2022)\|\n\|9\|LTC (Litecoin)\|1,000\|6,209,710,657/1000=6,209,710\|[https://blockchair.com/litecoin/nodes](https://blockchair.com/litecoin/nodes)\|\n\|10\|MATIC (Polygon)\|200\|9,331,961,579/200=46,659,807\|[https://polygonscan.com/nodetracker#](https://polygonscan.com/nodetracker#)\|\n\nIf re-ordered by market cap per node, the ranking (decentralized to centralized) would be:\n\n1. GRC\n2. XTZ\n3. XMR\n4. SOL\n5. LTC\n6. ADA\n7. BTC\n8. DOGE\n9. ETH\n10. MATIC\n\nTop 10 market cap coins with less than required to reach top 10 node count:\n\nBNB (Binance Smart Chain) < 50 full nodes, XRP (150 nodes)\n\nI didn\'t include USDC or Tether since they\'re stablecoins and not decentralized blockchains.\n\nCaveats:\n\n* Depending on the network structure, nodes may also need access to mining or staking power to actually create blocks. This chart is nodes that have a full copy of the blockchain, validate and relay transactions, and could make blocks if they had hash or stake power. They are full network participants in this sense. Miners and stakers may make blocks, but full nodes are responsible for verifying that work and propagating it, and are the first line of defense in rejecting invalid blocks from an attacker. Even an attacker with 51% of hashpower can\'t make an invalid block (such as one which had somebody double-spend or spend more than they had), as full nodes would refuse to propagate those blocks.\n* Market caps can change pretty drastically on a daily basis, whereas node counts wouldn\'t fluctuate as much. It does fluctuate though.\n* Of course, decentralization is more complicated than just # of nodes, this is just one way to look at it. Other relevant things would be coin distribution, countries or cloud providers nodes are hosted on, etc. For many of these coins, >25% of their nodes are hosted at Amazon AWS for instance. You\'ll find the higher the requirements to run a node (looking at you Eth and other smart contract chains), the more likely it is to be hosted at a data center as it can\'t be hosted on a regular home computer and network connection.', 'https://www.reddit.com/r/tezos/comments/12ux10j/despite_not_being_in_the_top_10_by_market_cap/', '12ux10j', [['u/etomknudsen', 23, '2023-04-22 09:03', 'https://www.reddit.com/r/tezos/comments/12ux10j/despite_not_being_in_the_top_10_by_market_cap/jh8tg2t/', 'Be careful with metrics that are not verifiable. A network having 10,000 nodes controlled by 10 entities is more centralized than one of 5,000 nodes controlled by 1,000 unrelated entities. Just counting nodes may not make any sense at all. It is probably fair to say the tezos has the lowest (financial and technical) barrier to decentralization. I think. But that is something you can actually calculate.\n\nEdit: lowest barrier vs btc and eth.', '12ux10j']]], ['u/rBitcoinMod', 'Daily Discussion, April 22, 2023', 24, '2023-04-22 13:01', 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12uwnb9/daily_discussion_april_22_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/', '12v2lia', [['u/CrimeanFish', 15, '2023-04-22 13:03', 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/jh99hn2/', 'All I have to say is I’m buying more', '12v2lia'], ['u/Crypt0fart', 15, '2023-04-22 17:34', 'https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/jha395q/', 'Rubber band pulled back and is now ready to shoot to the above 30k regions of the atmosphere ✌️ hodl you beautiful people ✌️', '12v2lia']]], ['u/OneThatNoseOne', 'Bitboy harasses and threatens lawyer, ditches court appearance, and posts multiple images on a beach Cruise in Bahamas showing contempt of court and referring the lawyer as a literal pig. The harassment prior alone was referred to the FBI. He may face a warrant for his arrest now on multiple counts', 658, '2023-04-22 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/', 'Bitboy is being sued for (allegedly) misleading investors by promoting FTX without disclosing compensation. This is being led by lawyer Adam Moskowitz who is representing a class of investors bringing legal action against a number of celebrities who worked with FTX that includes Ben Armstrong(aka Bitboy).\n\nBitboy has made number of responses to the situation. In order of chronology as well as criminality and madness:\n\n1. Moskowitz alleges Armstong(Bitboy) harassed him with “endless phone calls, Tweets and emails to him privately, and publicly by posting insulting and threatening posts on Twitter, YouTube and other social media.” Bitboy denies the charges. Judge Melissa Damian called that the harassment of Moskowitz by Bitboy has become criminal conduct, and she will refer the matter to the FBI.\n2. Bitboy was to appear in court over the harassment but he failed to appear. Instead he posted this.\n\n\n\n[I apologize for exposing your eyeballs to this](https://preview.redd.it/p6siuc2m4fva1.png?width=588&format=png&auto=webp&v=enabled&s=fe21d03205d9d9410f6e27f8dff3b9b346bac49b)\n\n3. The judge warned Bitboy to explain his absence for the court appearance, or else she will issue a warrant for his arrest. He sent his attorney to appear on his behalf. The lawyer told the court that Armstrong could appear in a month when he will be in Miami for the annual Conference on Bitcoin .\n\n4. Moskowitz(lawyer representing class suit against FTX promotors) alleges Armstrong left voicemail messages “fully of vulgarities.”. The filing read statements like:\n\n“Hey motherfu###. Guess you do know who I am bitc#. You are such an unbelievably dumb motherfu### that you are leading a lawsuit against me when I never even promoted FTX. Expect a counter suit bitc#.”\xa0\n\n5. Bitboy again posted another photo on the beach again insulting courts as well as the lawyer.\n\n\n\n[Another terrible day to have eyes](https://preview.redd.it/eusu1zta6fva1.png?width=618&format=png&auto=webp&v=enabled&s=950bef20fb7a14c9e3b2a9dc3eb97a4a4a96e526)\n\nNot going to end well for him.', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/', '12v3hq7', [['u/blancooo', 13, '2023-04-22 13:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9cxoc/', 'The ego on this one', '12v3hq7'], ['u/Kappatalizable', 61, '2023-04-22 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9defk/', 'Bitboy is doing a speedrun straight to jail lmao', '12v3hq7'], ['u/MT2022150', 180, '2023-04-22 13:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9duh8/', "He went from maybe having a problem to definitely F'ed and I'm happy for him. Better he is in jail", '12v3hq7'], ['u/ChemicalGreek', 13, '2023-04-22 14:02', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ec79/', 'Don’t forget how Do Kwon was very arrogant on Twitter, look where he ended now 😅', '12v3hq7'], ['u/Nuewim', 31, '2023-04-22 14:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9emp2/', 'He could play nice like Logan Paul, Kim Kardashian or other celebrities, say sorry, get small fine (smaller than amount of money he got for shilling) and be totally fine.\n\n Instead he act like a kid that want to impress other kids and make his situation 1000 times worse. Judges hate guys like him and will show him no mercy.', '12v3hq7'], ['u/Fear_Blind83', 23, '2023-04-22 14:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9epne/', 'That poor pig having to be seen in public with that thing... Someone call PETA 🐖', '12v3hq7'], ['u/ChemicalGreek', 16, '2023-04-22 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9fdbt/', 'I remember Do Kwon doing this months before Luna went to zero…', '12v3hq7'], ['u/ChemicalGreek', 87, '2023-04-22 14:18', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9fulc/', 'People with that kind of ego are definitely going to regret these kind of actions when they are in jail. This is mocking the justice system and they don’t go light on this kind of behavior!', '12v3hq7'], ['u/DerpJungler', 34, '2023-04-22 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9fvln/', 'Leaving voice messages to a lawyer during an active court case is the ultimate clown move 🤡', '12v3hq7'], ['u/BortlesChortles', 59, '2023-04-22 14:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9hk8f/', 'It’s typical when you’ve never had to face any consequences for you actions.', '12v3hq7'], ['u/Aim_Sux', 12, '2023-04-22 14:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ibvy/', 'Steady lads! Deploying more capital', '12v3hq7'], ['u/Baecchus', 22, '2023-04-22 14:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ildk/', 'There is a first time for everything. Hopefully they throw the book at Shitboy.', '12v3hq7'], ['u/TopAlert2383', 27, '2023-04-22 14:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9jm7k/', 'Dude has to be on drugs. His weight loss is not because he is working out. He has zero definition. It also explains his outbursts and ego problems.', '12v3hq7'], ['u/Aim_Sux', 15, '2023-04-22 15:00', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9jyu8/', 'Book ? I hope the mf gets hurled at with a library', '12v3hq7'], ['u/GabeSter', 28, '2023-04-22 15:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9kgio/', 'I don’t think Peta has the man power to protect this pig from the serial harasser ^(sponsored by stake.com)', '12v3hq7'], ['u/GabeSter', 12, '2023-04-22 15:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9kj98/', 'Rug pulling his community like no one else’s business.', '12v3hq7'], ['u/Securethatbag21', 15, '2023-04-22 15:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9lalv/', 'You have a point, but in that scenario, Epstein at least cooperated or was cordial with the judge and prosecutor. That’s how those back room deals were made. BitBoy is openly mocking the judges order to appear and the prosecutor. BitBoy doesn’t have the power to back up his ego, but the judge and prosecutor do. There’ll be no favors given. He’s toast.', '12v3hq7'], ['u/PenaltyFickle5699', 10, '2023-04-22 15:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9mcyy/', 'Good. He will learn a life lesson he should have learned as a teen', '12v3hq7'], ['u/Aggressive_Parking88', 15, '2023-04-22 15:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9ooo6/', 'His lawyers must hate him. He is constantly making their job harder. Lol', '12v3hq7'], ['u/Fedge348', 112, '2023-04-22 16:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9qw2p/', 'Stake.com better pepper that asshole', '12v3hq7'], ['u/Baecchus', 21, '2023-04-22 16:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9rpuu/', "Honestly comparing Bitboy to Epstein is ridiculous to begin with. Epstein had a private jet, a mansion and a damn ISLAND. He had his reach everywhere.\n\nBitboy is just some guy who shills shitcoins on Youtube. It's such a bad comparison. They WILL fuck Bitboy up especially considering the regulators are currently waging war against Crypto.\n\nThis is their chance to make an example of scammers and they will take their shot.", '12v3hq7'], ['u/DishonestLodging', 232, '2023-04-22 16:55', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9xz20/', 'LMAO not the Stake.com "sponsorship". \n\nThis guy is just trolling at this point.', '12v3hq7'], ['u/milonuttigrain', 88, '2023-04-22 17:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jh9zwdo/', 'I hope Bitboy will be jailed one day and we won’t have to hear from him again.', '12v3hq7'], ['u/StolenApe', 47, '2023-04-22 17:29', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jha2lpj/', 'Well if he is trying to stay out of jail, he’s going the wrong way about it. Lol. Can’t wait for the photo of him crying while getting dragged out of court in cuffs', '12v3hq7'], ['u/Izzeheh', 20, '2023-04-22 18:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhachbb/', "I get a feeling they're starting to regret signing a partnership with this douche", '12v3hq7'], ['u/titsngiggles69', 13, '2023-04-22 18:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhadp9x/', 'Federal pound-me-in-the-ass prison', '12v3hq7'], ['u/Dolladub', 12, '2023-04-22 19:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhai6lh/', 'Ya he admitted to being a heavy meth user in the past', '12v3hq7'], ['u/InsaneMcFries', 11, '2023-04-22 19:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12v3hq7/bitboy_harasses_and_threatens_lawyer_ditches/jhaiz8q/', 'I don’t think stake has to worry. Gamblers be gambling. If this guy goes off to prison hopefully that’s the end of his trashy influence on vulnerable potential gamblers. Stake is no freaking angel either.\n\nBut I guess, we are also part of a casino, so what can we say.', '12v3hq7']]], ['u/JoeDoppelganger', 'TIFU or the story of how I got into $750,000 in debt and my journey to closing it (part', 64, '2023-04-22 13:51', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/', "No, I'm not a gambler, I don't short bitcoin, and I don't have a problem with alcohol or drugs. What led me to this situation is a small online business that since the beginning of the pandemic I tried to save in every possible way, and gave up at the moment when in my Excel sheet with debts shone the figure of $750,000.\n\nMy psychologist advised me to start writing about it, which might help me recover my mental health a bit. On the other hand I thought that my story can help many who were in the same situation do not give up, because at the moment $100,000 I was able to close in 1 year, and the goal is to try to close the remaining amount in the near future.\n\nHow did this happen? It's very simple, the pandemic hit my business the hardest, support from the government was not possible, and since I had employees with their families, I could not afford to throw them out at such a time on the street (although now it looks like a foolish heroism). I had to turn to banks, friends, acquaintances, but unfortunately the business was never able to get back. Which eventually forced me to get into more and more debt.\n\nLast point was when I took the money in debt, and immediately gave them completely to another person or a bank. At this point I was already slowly parting ways with my employees and eventually liquidating the company which was like my child to me.\n\nTL;DR: And now the beginning of 2022, I'm 28 years old, I have $750,000 in debt, every day my cell phone is ringing off the hook with people I owe. Probably someone at this point decides to end it all, but apparently my psyche kind of works, because I forced myself to move on (which I do to this day).\n\nSo as not to make a huge text, I think once a week I'll post a continuation of the story in this thread.\n\nP/s I'm brand new on reddit, so I don't know if I can post links here. If you happen to be interested in following this story in real time, I've started a tweet (with the same nickname) for that.", 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/', '12v3o6g', [['u/quequotion', 26, '2023-04-22 14:17', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9frd9/', 'Without giving any identifiable personal information, could you tell us what your product or service was? The relevance being how hard the pandemic and its aftermath hit that particular sector.\n\nMy gig-based business was wiped out for months, but as an immigrant I was able to get reimbursement (almost a year later) from two governments.', '12v3o6g'], ['u/JoeDoppelganger', 43, '2023-04-22 14:23', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9gc8q/', ">Without giving any identifiable personal information, could you tell us what your product or service was? The relevance being how hard the pandemic and it's aftermath hit that particular sector. \n> \n>My gig-based business was wiped out for months, but as an immigrant I was able to get reimbursement (almost a year later) from two governments.\n\nCafe in a business center. Add to this the fact that the country in which I live absolutely refused to help the business in any way, and even if it helped, because I am a citizen of another country, that is, an immigrant, I could not get anything. \n\nStupid situation, your home country will not help because you do business in another country, and the country where you do business will not help because you are not its citizen.", '12v3o6g'], ['u/quequotion', 20, '2023-04-22 14:29', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9gvvj/', 'God fucking dammit, that was the shit end of the stick.', '12v3o6g'], ['u/stupidcleverian', 21, '2023-04-22 16:42', 'https://www.reddit.com/r/tifu/comments/12v3o6g/tifu_or_the_story_of_how_i_got_into_750000_in/jh9w5oy/', 'This is what bankruptcy exists for. You pay what you can, the rest is washed. It’s on your credit for 7-10 years, but after that it’s off. Much better than contemplating suicide. It’s just money. The people who made loans to you made a bet. Sometimes their bets fail. But don’t let it ruin your life.', '12v3o6g']]], ['u/escodelrio', 'Bitcoin is Still Up 64% Year to Date. HODL!', 92, '2023-04-22 15:28', 'https://www.reddit.com/r/Bitcoin/comments/12v5y00/bitcoin_is_still_up_64_year_to_date_hodl/', '\n\nhttps://reddit.com/link/12v5y00/video/k672d8rvtfva1/player', 'https://www.reddit.com/r/Bitcoin/comments/12v5y00/bitcoin_is_still_up_64_year_to_date_hodl/', '12v5y00', [['u/KiXiT', 10, '20... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Illustration by Mitchell Preffer for Decrypt This week, markets were at the mercy of macroeconomic factors as some at the Fed have indicated another rate hike is due next month. Crypto was also subjected to intense scrutiny by regulators in both the U.S. and EU. Bitcoin and Ethereum led the downturn, with similar seven-day losses of over 10% impacting many leading cryptocurrencies. The U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto made headlines on Monday when the regulator sued yet another big crypto business for alleged failure to comply with securities laws, Seattle-based exchange Bittrex . Delphi Labs’ Gabriel Shapiro was outraged by the agency’s description of the Dash (DASH) token as a security. I just read SEC's case against Bittrex & am floored...more aggressive than could've been imagined and goes directly against Dash's no-premine model, saying DASH is a security despite the fact that the devco is funded by validators out of block rewards... pic.twitter.com/McpZEYTK1O — _gabrielShapir0 (@lex_node) April 17, 2023 On Thursday, The European Parliament passed the Markets in Crypto Assets (MiCA) bill with 517 votes in favor, 38 against, and 18 abstentions. The legislation now gives the bloc’s 27 constituent states a unified approach to crypto. Rebecca Retig, Chief Policy Officer at Polygon Labs, wrote a thread on Monday arguing that the bloc still needed to tweak its data act, which she described as “overbroad” and “ likely unenforceable in decentralized systems.” 1/ 🚨Today @0xPolygonLabs published an open letter to the EU on Art. 30 of the #DataAct , which could have serious consequences for permissionless smart contracts. @Ledger has joined in proposing amendments to narrow Art. 30 to protect decentralized software development. Read 👇 pic.twitter.com/AZHGCm14sQ — Rebecca Rettig (@RebeccaRettig1) April 17, 2023 Institutional Bitcoin whale Michael Saylor complained about all the sats he was receiving on Tuesday. Story continues So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 Crypto lawyer Rodrigo, who tweets under the handle @RSSH273 , tweeted a lengthy legal objection to the sanctioning of crypto privacy mixer Tornado Cash by U.S. authorities. We filed an amicus in the suit that 6 Tornado Cash users brought against the unprecedented sanctions of TC open-source code Our argument is simple: Sanctions only apply to “people” or “entities,” and their “property.” TC fits none of those definitions—it is just open-source code pic.twitter.com/oCKuRpIFyZ — Rodrigo (@RSSH273) April 17, 2023 Coinbase CEO Brian Amstrong flexed his diplomatic muscle in London on Tuesday. Later in the week the exchange announced extensive expansion plans ,\xa0 a maneuver to counteract the increasing assertiveness and aggressiveness of U.S. regulators towards the exchange and industry in recent months. Great meeting today with UK Economic Secretary and City Minister @griffitha . The UK is moving fast on sensible crypto regulation to both drive economic growth AND consumer protection. Excited to keep investing in the UK. 🇬🇧 pic.twitter.com/478PQSLmDe — Brian Armstrong (@brian_armstrong) April 17, 2023 Twitter user @Tayvano_ flagged a multimillion dollar wallet draining operation that has been active since December. For the past 48hrs I've been unwinding a massive wallet draining operation 😳😭 I don't know how big it is but since Dec 2022 it's drained 5000+ ETH and ??? in tokens / NFTs / coins across 11+ chains. Its rekt my friends & OGs who are reasonably secure. No one knows how. pic.twitter.com/MafntG7RkP — Tay 💖 (@tayvano_) April 18, 2023 Republican Tom Emmer’s appearance at a hearing in Washington on the oversight of the SEC made the rounds on Twitter with an eminently quotable soundbite. At the hearing, Emmer grilled SEC chair Gensler and said, “You’ve been an incompetent cop on the beat,” before claiming the SEC chair was pushing American firms into the “hands of the CCP (Chinese Communist Party).” And he’s pushing innovation into the hands of a communist country, the United States’ number one adversary: pic.twitter.com/lE0Q4TuhYa — Tom Emmer (@GOPMajorityWhip) April 18, 2023 Blockchain sleuth @ZachXBT on Wednesday compiled a long list of scams that rapper Soulja Boy has shilled since he got involved in crypto. 1/ In recent weeks influencers have given @souljaboy praise for new NFT projects in hopes of clout. In reality he has been one of the most shameless promoters in the crypto space. In my research I observed 73 promotions & 16 NFT drops done by him. Many of these were scams. pic.twitter.com/8xRDN79S5t — ZachXBT (@zachxbt) April 19, 2023 Do the “hiccups” referred to in writer and lawyer @NYCSouthpaw ’s tweet refer to blanket refusals from mama and papa Bankman-Fried to have their phones compromised in such an intrusive manner? Likely! One of SBF’s bail conditions is his parents have to have cell phones that automatically snap photos of the user every couple minutes, and they’re having some hiccups setting it up. https://t.co/i8NHWcb1qH — southpaw (@nycsouthpaw) April 19, 2023 On Thursday, news hit Twitter that Tornado Cash developer Alex Pertsev, who was arrested by Dutch authorities in August for allegedly facilitating money laundering, is getting released next Wednesday so he can prepare for his trial at home. tornado cash dev alex pertsev reportedly released just now pic.twitter.com/Lg1s01VaRP — banteg (@bantg) April 20, 2023 Gabriel Shapiro that day pitched his idea of a BORG. An abbreviation for “cybernetic organization,” the BORG is a “new middle” between the decentralized and autonomous principles of DAOs and the legal entitlements and compliant structures of traditional business entities. BORGs merge traditional business entities with smart contracts, offering a new path for DAO legal structuring. They are the culmination of years of my thinking on how to bridge meatspace corporate law & the on-chain world. pic.twitter.com/gaME7yXdvh — _gabrielShapir0 (@lex_node) April 20, 2023 Finally, Dogecoin creator turned-nocoiner Billy Markus still thinks crypto is a lunatic’s game. investing in crypto is literally just investing in mental illness which i suppose is on the rise, so… — Shibetoshi Nakamoto (@BillyM2k) April 22, 2023", 'This week, markets were at the mercy ofmacroeconomic factorsas some at the Fed have indicated another rate hike is due next month. Crypto was also subjected to intense scrutiny by regulators in both the U.S. and EU. Bitcoin and Ethereum led the downturn, with similar seven-day losses of over 10% impacting many leading cryptocurrencies.\nThe U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto made headlines on Monday when the regulator sued yet another big crypto business for allegedfailure to complywith securities laws, Seattle-based exchangeBittrex. Delphi Labs’ Gabriel Shapiro was outraged by the agency’s description of the Dash (DASH) token as a security.\nOn Thursday, The European Parliament passed theMarkets in Crypto Assets(MiCA) bill with 517 votes in favor, 38 against, and 18 abstentions. The legislation now gives the bloc’s 27 constituent states a unified approach to crypto. Rebecca Retig, Chief Policy Officer at Polygon Labs, wrote a thread on Monday arguing that the bloc still needed to tweak its data act, which she described as “overbroad” and “likely unenforceablein decentralized systems.”\nInstitutional Bitcoin whale Michael Saylor complained about all the sats he wasreceivingon Tuesday.\nCrypto lawyer Rodrigo, who tweets under the handle@RSSH273, tweeted a lengthy legal objection to the sanctioning of crypto privacy mixer Tornado Cash by U.S. authorities.\nCoinbase CEO Brian Amstrong flexed his diplomatic muscle in London on Tuesday. Later in the week the exchange announced extensiveexpansion plans,\xa0 a maneuver to counteract the increasing assertiveness and aggressiveness of U.S. regulators towards the exchange and industry in recent months.\nTwitter user@Tayvano_flagged a multimillion dollar wallet draining operation that has been active since December.\nRepublican Tom Emmer’s appearance at a hearing in Washington on the oversight of the SEC made the rounds on Twitter with an eminently quotable soundbite. At the hearing, Emmer grilled SEC chair Gensler and said, “You’ve been an incompetent cop on the beat,” before claiming the SEC chair was pushing American firms into the “handsof the CCP(Chinese Communist Party).”\nBlockchain sleuth@ZachXBTon Wednesday compiled a long list of scams that rapper Soulja Boy has shilled since he got involved in crypto.\nDo the “hiccups” referred to in writer and lawyer@NYCSouthpaw’s tweet refer to blanket refusals from mama and papa Bankman-Fried to have theirphones compromisedin such an intrusive manner? Likely!\nOn Thursday, news hit Twitter that Tornado Cash developer Alex Pertsev, who was arrested by Dutch authorities in August for allegedly facilitating money laundering, isgetting releasednext Wednesday so he can prepare for his trial at home.\nGabriel Shapiro that day pitched his idea of a BORG. An abbreviation for “cybernetic organization,” the BORG is a “new middle” between the decentralized and autonomous principles of DAOs and the legal entitlements and compliant structures of traditional business entities.\nFinally, Dogecoin creator turned-nocoiner Billy Markus still thinks crypto is a lunatic’s game.', "Decentralization may be core to crypto\x92s DNA, but the same cannot be said about people\x92s preferences when engaging with digital assets, said Arthur Hayes. The distribution of decision-making and control is an essential component of Satoshi Nakamoto\x92s vision for Bitcoin in 2008, well before the dawn of the digital assets industry. But Hayes, the former CEO of cryptocurrency exchange BitMEX, suggested this central tenet isn\x92t important to the masses. \x93At the end of the day, the average person doesn't actually care about decentralization or centralization,\x94 he said on the latest episode of Decrypt\x92s gm podcast . \x93If you want to actually become your own financial institution and take control of the destiny of your finances, that's there for you to do at this point, [but] it's harder to use.\x94 Digital assets are decentralized in the sense that they do not require financial institutions for someone to maintain ownership of their funds or conduct transactions. Yet millions of people opt to rely on centralized institutions that offer frictionless crypto-related products and services, Hayes claimed, making the technology more palatable for the masses. \x93[A] good price, good product, good user experience,\x94 he said, \x93That's all the majority of you will care about and will care about in the future.\x94 There are plenty of centralized entities in the digital assets industry today, including major exchanges like Binance or Coinbase. But as crypto crashed last year, scrutiny of centralized actors like FTX intensified, fueled by the company\x92s apparent mismanagement at the hands of former CEO Sam Bankman-Fried. A common catchphrase invoked in crypto is, \x93 Not your keys, not your crypto. \x94 The adage is popular among those who adhere strongly to the fundamental ideals of the technology. Yet, from Hayes\x92 point of view, centralized players provide a crucial middle-ground\x97allowing people to participate in owning crypto without requiring them to navigate the complexity of financial sovereignty entirely on their own. Story continues \x93Most people don't want anything to do with running their finances,\x94 He said. \x93They want to have meaningful work, save some money, [and] provide for their family.\x94 Non-custodial wallets and decentralized exchanges are notable examples of how crypto doesn\x92t require financial intermediaries to serve as an asset. But Hayes suggested that there\x92s a lack of demand for decentralized crypto products because the impact it has on the bottom line when it comes to investing is somewhat negligible to most people. Hayes pointed to inflation as something that provokes greater engagement in crypto than the concept of decentralization, which he said can \x93create speculators out of everyone.\x94 Further, the notion that wages for the average worker are not keeping up with increases in the cost of living stokes more involvement in financial markets, whether that\x92s trading crypto, gold, stocks, or any other asset, Hayes posited. He added that whether or not a decentralized crypto product is eventually widely adopted by the masses will likely be determined by factors outside of crypto, such as inflation or the recent banking crisis in the U.S., based on how much those events could disrupt their lives. Hayes noted the fear among depositors in Silicon Valley Bank that they would not be made whole when the bank failed last month as one recent example. It was the second-largest failure of a bank in U.S. history. Even then, it might not ever get to the point where the average person manages their own crypto or trades on a decentralized exchange, he said. But that \x93might still be okay,\x94 because not everyone has a \x93desire to run their own finances,\x94 regardless of crypto\x92s future learning curve. Hayes said he believes the balance between centralization and decentralization could change over time as decentralized crypto products become more robust. \x93Hopefully, there [are] more people working on solutions that make that easier to use so that competition is a little bit more fair,\x94 he said.", "Decentralization may be core to crypto’s DNA, but the same cannot be said about people’s preferences when engaging with digital assets, said Arthur Hayes.\nThe distribution of decision-making and control is an essential component of Satoshi Nakamoto’s vision for Bitcoin in 2008, well before the dawn of the digital assets industry. But Hayes, the former CEO of cryptocurrency exchange BitMEX, suggested this central tenet isn’t important to the masses.\n“At the end of the day, the average person doesn't actually care about decentralization or centralization,” he said on the latest episode of Decrypt’sgm podcast. “If you want to actually become your own financial institution and take control of the destiny of your finances, that's there for you to do at this point, [but] it's harder to use.”\nDigital assets are decentralized in the sense that they do not require financial institutions for someone to maintain ownership of their funds or conduct transactions. Yet millions of people opt to rely on centralized institutions that offer frictionless crypto-related products and services, Hayes claimed, making the technology more palatable for the masses.\n“[A] good price, good product, good user experience,” he said, “That's all the majority of you will care about and will care about in the future.”\nThere are plenty of centralized entities in the digital assets industry today, including major exchanges like Binance or Coinbase. But as crypto crashed last year,scrutiny of centralized actorslike FTX intensified, fueled by the company’s apparent mismanagement at the hands of former CEO Sam Bankman-Fried.\nA common catchphrase invoked in crypto is, “Not your keys, not your crypto.” The adage is popular among those who adhere strongly to the fundamental ideals of the technology.\nYet, from Hayes’ point of view, centralized players provide a crucial middle-ground—allowing people to participate in owning crypto without requiring them to navigate the complexity of financial sovereignty entirely on their own.\n“Most people don't want anything to do with running their finances,” He said. “They want to have meaningful work, save some money, [and] provide for their family.”\nNon-custodial wallets and decentralized exchanges are notable examples of how crypto doesn’t require financial intermediaries to serve as an asset. But Hayes suggested that there’s a lack of demand for decentralized crypto products because the impact it has on the bottom line when it comes to investing is somewhat negligible to most people.\nHayes pointed to inflation as something that provokes greater engagement in crypto than the concept of decentralization, which he said can “create speculators out of everyone.”\nFurther, the notion that wages for the average worker are not keeping up with increases in the cost of living stokes more involvement in financial markets, whether that’s trading crypto, gold, stocks, or any other asset, Hayes posited.\nHe added that whether or not a decentralized crypto product is eventually widely adopted by the masses will likely be determined by factors outside of crypto, such as inflation or the recent banking crisis in the U.S., based on how much those events could disrupt their lives.\nHayes noted the fear among depositors in Silicon Valley Bank that they would not be made whole when thebank failedlast month as one recent example. It was the second-largest failure of a bank in U.S. history.\nEven then, it might not ever get to the point where the average person manages their own crypto or trades on a decentralized exchange, he said. But that “might still be okay,” because not everyone has a “desire to run their own finances,” regardless of crypto’s future learning curve.\nHayes said he believes the balance between centralization and decentralization could change over time as decentralized crypto products become more robust.\n“Hopefully, there [are] more people working on solutions that make that easier to use so that competition is a little bit more fair,” he said.", 'Public sector employees in the Chinese city of Changshu will start receiving their salaries in central bank digital currency (CBDC) next month, as China’s rollout of the financial technology continues apace.\nThe new initiative will impact employees like doctors, teachers, and journalists, according to theSouth China Morning Post. Located less than 100 miles from Shanghai, Changshu City is home to more than 1.5 million residents.\nThe notice came from the city’s financial authorities, according to alocal mediareport. Described as a “Notice on the Implementation of Full Salary Digital Renminbi Issuance,” the shift will be effective starting in May.\nAs of this month, China’s CBDC rollout has expanded to 26 different regions in 17 of 23 provinces, the report states. Not far from Changshu City, Taicang was the first location with a public institution to fully offer wages in digital yuan, a milestone reached in July last year.\nChina Releases Digital Yuan Wallet as Bitcoin Crackdown Continues\nAnotherreportnoted that Changshu City has previously promoted the digital yuan’s use in certain situations, such as paying for public transport, medical expenses, groceries, and utilities like gas and water.\nChangshu City falls within the jurisdiction of China’s Suzhou, Jiangsu Province. The city of Suzhou was one of China’s initialtesting groundsfor its pilot of the yuan in 2020, as well as Shenzhen, Xiongan, and Chengdu.\nIn December of that year, citizens of Suzhou participated in aCBDC airdrop, where $3 million worth of digital yuan was distributed among 10,000 residents.\nCBDCs resemble stablecoins because they are digital tokens pegged to the price of a sovereign currency such as the U.S. dollar or Chinese yuan. However, instead of being issued by commercial entities on decentralized networks, CBDCs are issued and controlled by a country’s government or central bank.\nUS Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee\nThe shift comes amid growing chatter in the U.S. about the potential dangers of a CBDC, whichrecently spreadto both sides of the political aisle. Florida’s Republican governor Ron DeSantis and Democrat Robert F. Kennedy Jr. have slammed the technology as prone to abuse and an affront to Americans’ financial privacy rights.\nDevelopments in China overlap withHong Kong’s reemergenceas a potential place for digital asset actors to do business, especially amid a regulatory crackdown on crypto in the U.S. thatsome politicians have warnedwill push the industry abroad.\nWhile only 11 countries, including the Bahamas, have fully launched a CBDC, the technology has a growing foothold across the globe, according to the Atlantic Council’sCBDC tracker. One hundred countries are piloting, researching, or developing the technology today.', 'Public sector employees in the Chinese city of Changshu will start receiving their salaries in central bank digital currency (CBDC) next month, as China’s rollout of the financial technology continues apace. The new initiative will impact employees like doctors, teachers, and journalists, according to the South China Morning Post . Located less than 100 miles from Shanghai, Changshu City is home to more than 1.5 million residents. The notice came from the city’s financial authorities, according to a local media report. Described as a “Notice on the Implementation of Full Salary Digital Renminbi Issuance,” the shift will be effective starting in May. As of this month, China’s CBDC rollout has expanded to 26 different regions in 17 of 23 provinces, the report states. Not far from Changshu City, Taicang was the first location with a public institution to fully offer wages in digital yuan, a milestone reached in July last year. China Releases Digital Yuan Wallet as Bitcoin Crackdown Continues Another report noted that Changshu City has previously promoted the digital yuan’s use in certain situations, such as paying for public transport, medical expenses, groceries, and utilities like gas and water. Changshu City falls within the jurisdiction of China’s Suzhou, Jiangsu Province. The city of Suzhou was one of China’s initial testing grounds for its pilot of the yuan in 2020, as well as Shenzhen, Xiongan, and Chengdu. In December of that year, citizens of Suzhou participated in a CBDC airdrop , where $3 million worth of digital yuan was distributed among 10,000 residents. CBDCs resemble stablecoins because they are digital tokens pegged to the price of a sovereign currency such as the U.S. dollar or Chinese yuan. However, instead of being issued by commercial entities on decentralized networks, CBDCs are issued and controlled by a country’s government or central bank. US Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee Story continues The shift comes amid growing chatter in the U.S. about the potential dangers of a CBDC, which recently spread to both sides of the political aisle. Florida’s Republican governor Ron DeSantis and Democrat Robert F. Kennedy Jr. have slammed the technology as prone to abuse and an affront to Americans’ financial privacy rights. Developments in China overlap with Hong Kong’s reemergence as a potential place for digital asset actors to do business, especially amid a regulatory crackdown on crypto in the U.S. that some politicians have warned will push the industry abroad. While only 11 countries, including the Bahamas, have fully launched a CBDC, the technology has a growing foothold across the globe, according to the Atlantic Council’s CBDC tracker . One hundred countries are piloting, researching, or developing the technology today.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $533,099,142,950 - Hash Rate: 355961504.6329083 - Transaction Count: 432760.0 - Unique Addresses: 604273.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether extended their declines in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the world’s biggest crypto exchange, for allegedly violating trading mandates . Asian markets mostly gained on Tuesday, reflecting a rise in U.S. equities on Monday, as investor sentiment picked up following a slew of positive announcements that eased fears of a banking sector crisis. See related article: Binance rejects U.S. charges of violating trading rules, manipulating markets Fast facts Bitcoin, the world’s biggest cryptocurrency by market cap, lost 3.06% to US$26,960 in 24 hours to 4 p.m. in Hong Kong, according to data from CoinMarketCap , declining 2.22% in the last seven days. Ethereum dropped 1.61% to US$1,724, after losing 0.6% on the week. BNB, the native token of the world’s largest crypto exchange Binance, saw the biggest decline among top 10 cryptos. The token dropped 5.19% in the last 24 hours to US$309, after the U.S. Commodity Futures Trading Commission said Monday it filed a “civil enforcement action” lawsuit against Binance and its top executives for allegedly breaking trading rules. XRP was the only token among top 10 cryptos to gain in Tuesday afternoon trade in Asia, climbing 5.61% to US$0.4843, and has risen 25.47% on the week. The gains come as Ripple Labs, whose payment network is powered by XRP, expects to win a lawsuit filed against it by the U.S. Securities and Exchange Commission for allegedly selling US$1.3 billion in unregistered securities. The global crypto market capitalization dropped 1.96% to US$1.13 trillion, while the total crypto market volume gained 30.1% to US$43.42 billion in the last 24 hours. The Forkast 500 NFT index fell 0.54% to 4,004.93 on the day and declined 3.34% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. Asian equity markets mostly rose on Tuesday after concerns regarding a banking industry crisis eased. Hong Kong’s Hang Seng Index rose 1.11%, South Korea’s Kospi increased 1.07% and Japan’s Nikkei 225 gained 0.15%. The Shanghai Composite lost 0.19% and the Shenzhen Component Index dropped 0.72%, over concerns that Covid-19 related disruptions continue to hamper China’s economic recovery . Gold slid 0.24% to US$1,951 an ounce, after falling 1% on Monday. The precious metal remains under its one-year high of US$2,000 that it touched last week. European bourses rose for a second consecutive day. The benchmark STOXX 600 gained 0.34% and Germany’s DAX 40 advanced 0.5%. European Central Bank President Christine Lagarde will speak at the opening ceremony of the Bank for International Settlements’ Innovation Hub Eurosystem Centre later Tuesday. London’s benchmark FTSE 100 rose 0.43% during the day, after Bank of England Governor Andrew Bailey said the country’s financial system is resilient and has robust capital, but warned that interest rates may move higher. See related article: Is our banking system obsolete? View comments... - Reddit Posts (Sample): [['u/mbdtf95', 'If people who created Buttcoin sub on the day they created it decided to invest $100 in Bitcoin instead that day and not sell, they would have $211k worth of BTC now', 1644, '2023-04-23 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/', "So that subreddit which is just a community of BTC and crypto haters was created on 18th of July in 2011. \n\nhttps://www.statmuse.com/money/ask/bitcoin+price+2011\n\nLooking at the price chart from 2011, back then price of 1 BTC was hovering at $13.16 on that particular day meaning just $100 would get you 7.6 BTC at the time. At current time of writing this, this would be worth about $211k right now. At the peak of Bitcoin back in 2021's bullrun, worth of that would be well over half a million USD.\n\n It's amazing that haters on there are longstanding users, hating for more than 10 years constantly on a thing like Bitcoin and crypto. Imagine hating something so much, calling it a ponzi scheme, a scam etc... for years and see that exact thing you're hating go from few dollars to over $50k, and you still keep hating it over the years being delusional.", 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/', '12vma5t', [['u/mishaog', 34, '2023-04-23 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbr312/', 'hindsight is 20/20', '12vma5t'], ['u/astockstonk', 12, '2023-04-23 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbsgek/', 'Beavis invested in Bitcoin. \n\nButt-Head created Buttcoin instead.', '12vma5t'], ['u/samer109', 24, '2023-04-23 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbsswy/', "Buttcoiners be like:\n\n- I'm glad I didn't buy bitcoin when it was $100, it's too risky and volatile.\n- I'm glad I didn't buy bitcoin when it was $1000, it's a bubble and a scam.\n- I'm glad I didn't buy bitcoin when it was $10,000, it's a Ponzi scheme and a waste of energy.\n- I'm glad I didn't buy bitcoin when it was $100,000, it's a fad and a cult.\n- I'm glad I didn't buy bitcoin when it was $1,000,000, it's too late and too expensive.", '12vma5t'], ['u/Calm_Lemonade', 14, '2023-04-23 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbt9bl/', 'Not exactly the case for them since they hate it anyway', '12vma5t'], ['u/Harold838383', 13, '2023-04-23 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbtwp5/', 'This should be posted in their sub', '12vma5t'], ['u/Cryptizard', 140, '2023-04-23 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbu2ob/', "If you had the opportunity to invest early in a ponzi scheme and make a bunch of money, but you thought at the time it was a ponzi scheme and knew that it would be taking money from other people, would you do it? That is what you are suggesting here. I don't agree with them, but they are at least consistent and believe in something. That is worthy of respect. Or do you just want to go through life with everyone agreeing with everything you say and never challenging you?", '12vma5t'], ['u/Consistent_Many_1858', 286, '2023-04-23 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbup3w/', "99% of us would have sold it at $10 or less. That's the truth.", '12vma5t'], ['u/Popular_Worry_9294', 11, '2023-04-23 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbuuqf/', 'Buttcoiners should keep not buying Bitcoin so price can go up more. We should thank them.', '12vma5t'], ['u/Kiiaru', 15, '2023-04-23 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbviww/', 'Same. I think it\'s good to see what crypto opponents have to say. A lot of their criticism is valid, and I do think crypto as a whole suffers from toxic positivity, celebrating all things even remotely positive as great while sweeping bad under the rug, or proclaiming that the bad things "aren\'t really bad because X"', '12vma5t'], ['u/experiencenonsense', 317, '2023-04-23 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbw85m/', "Posts like this help further demonstrate that crypto is only about number go up and that's more important than any utility or use case. As long as you can make a profit, that's what's truly important.", '12vma5t'], ['u/Harucifer', 11, '2023-04-23 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbxb7z/', '>even after all the things Bitcoin achieved in those 10 years.\n\nCan you name one meaningful achievement other than price (or "LiNe Go uP")? Bitcoin is less used for transactions today than it ever was. People just want to buy and hoard it while the whitepaper clearly stated it\'s supposed to be transacted with.', '12vma5t'], ['u/Onyourknees__', 61, '2023-04-23 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbxeyw/', "Guess I'm in the 1% that would have held out for at least an 🎱 on the silken highway.", '12vma5t'], ['u/Trylks', 11, '2023-04-23 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbyak9/', 'They know. That fuels their hate too.', '12vma5t'], ['u/Elie0_0', 27, '2023-04-23 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhbztay/', "Exactly, this is ridiculous.\n\n\n\nWhy would they have invested, when they don't think that it's price determines anything?", '12vma5t'], ['u/Legitimate_Concern_5', 16, '2023-04-23 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc0rxt/', 'Nope, it’s from first principles. Hated it then and hate it now because it doesn’t make any sense. You’ll find a lot of us know an awful lot about crypto, blockchain, economics and the space as a whole. A lot of us are software engineers. Even my coiner friends ask me for updates on the space.\n\nThe fundamentals have not changed. On that we might even agree?\n\nAnyways there’s tons of ways to make money. Only thing you’ve gotta be is right, at the right time. haha. Everyone’s constantly missing out on hundreds of ways to be wealthy. It’s just the nature of life.\n\nBut look, I do wish you all the best.', '12vma5t'], ['u/Baecchus', 72, '2023-04-23 02:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc1pa3/', 'I can transfer value from anywhere to anywhere at anytime without a middle man while having 100% custody over my assets. Sounds like a use case to me.', '12vma5t'], ['u/Baecchus', 18, '2023-04-23 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc24km/', 'I don\'t think the "you\'d be up this much" argument is very useful either. If I bought Pepe at the perfect time I\'d turn $250 into a million as well. Doesn\'t prove anything about Pepe.', '12vma5t'], ['u/Baecchus', 17, '2023-04-23 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc2qs2/', "I don't think those people even know what a ponzi scheme is. That word is thrown around every 10 seconds but people don't seem to know where it came from and what it's used to describe. Nothing about BTC makes it a ponzi scheme.\n\n[Here's a Charles Ponzi documentary](https://www.youtube.com/watch?v=w4waqVKanxA&vl=en) for those who are actually interested in learning instead of throwing that word around ignorantly.", '12vma5t'], ['u/Bucksaway03', 21, '2023-04-23 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc35kp/', 'Without being charged $16 or something ridiculous to', '12vma5t'], ['u/elysiansaurus', 33, '2023-04-23 02:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc3au2/', 'This, why would they invest $100 in something that they are almost certain is a scam, if anything, as Bitcoin rose over the years the sub probably lost some members who got converted into being pro Bitcoin.', '12vma5t'], ['u/Elie0_0', 12, '2023-04-23 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc47lv/', 'Alright Shakespeare', '12vma5t'], ['u/nicklor', 10, '2023-04-23 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc5enw/', 'I think if anything it discourages actual use because by spending it you are losing potential revenue for example the famous pizza story. Who wants to spend BTC at 30k when it might be at 100k in a year.', '12vma5t'], ['u/DunamisMax', 43, '2023-04-23 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc5kzs/', 'What percentage of the population in modern civilized countries actually needs to do that, legitimately asking? Maybe 1% at most? We already have a multitude of completely free and instant forms of sending cash to others (Zelle for example). I understand the whole "no middle man" thing, but no one cares about that.', '12vma5t'], ['u/conceiv3d-in-lib3rty', 10, '2023-04-23 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc63s8/', 'ser what do u mean, i’m in it for the tech', '12vma5t'], ['u/jvsephii', 15, '2023-04-23 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc6n5d/', 'Actually, things like Zelle, PayPal, Cashapp etc are not available everywhere (at least not in my country/region)... and if available, they come with ridiculous restrictions.\n\nI personally care about the no middle man thing a lot. Imagine getting access to your payment/payout within seconds to minutes sent all the way from the other end of the world, all without hitches.', '12vma5t'], ['u/Cryptizard', 21, '2023-04-23 02:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc721z/', 'Less than [2.5% of BTC transactions](https://www.wsj.com/articles/bitcoins-one-percent-controls-lions-share-of-the-cryptocurrencys-wealth-11639996204) are for payments.', '12vma5t'], ['u/Preachey', 17, '2023-04-23 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc8130/', "That's literally what you and everyone else is doing in this thread tho 🤔", '12vma5t'], ['u/limasxgoesto0', 28, '2023-04-23 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc8jbh/', "The only charge I've ever seen that I would call ridiculous is eth gas fees", '12vma5t'], ['u/XiChineseWinnie', 47, '2023-04-23 03:15', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhc976z/', "wait there's a utility? i thought the goal was to hodl until profit?!?!", '12vma5t'], ['u/Baecchus', 19, '2023-04-23 03:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcaqdj/', "Paypal isn't available in my country either. BTC has been a life saver in more than one scenario for me personally. \n\nI guess it's hard to appreciate decentralisation if you live in a first world country where you don't run into such problems, but saying there isn't a legit use case for Crypto is just flat out wrong.", '12vma5t'], ['u/naughtilidae', 21, '2023-04-23 03:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcbquw/', 'Are you just selectively choosing to ignore fees for bitcoin in 2018?', '12vma5t'], ['u/milonuttigrain', 37, '2023-04-23 03:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcbxyw/', 'And then at -90% people say to themselves “in for the tech”', '12vma5t'], ['u/Apart_Maintenance611', 12, '2023-04-23 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcfr2q/', "Don't forget that we rely on hopium too to not sell", '12vma5t'], ['u/blorpianblorp', 21, '2023-04-23 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcfzbj/', "Nah he's right, we woulda sold at a loss then bought again at 60k", '12vma5t'], ['u/hoenndex', 22, '2023-04-23 04:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcgv7w/', "From our point of view, your crypto is either 1) a scam or 2) a casino. I lean towards seeing it as a casino, so I won't judge you for trying to make money from crypto. But I really think the whole space is garbage and that the arguments against crypto are far greater than the arguments for crypto. It is funny coins whose value derives from hype, a negative sum game in which most investors will end up losing money than making profit. \n\nBut keep on thinking we are fools for not getting in early, it just proves our point right this is very close to a decentralized pyramid scheme.", '12vma5t'], ['u/daemmonium', 16, '2023-04-23 04:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhch751/', 'Your financial planning is off by a wide margin if you think that something that can drop like 50% in a year is an hedge against anything.\n\n\nCrypto is and will be for a very long time entirely speculative. You buy it just as you handpick any other stock that you have a lot of faith in the long run', '12vma5t'], ['u/Every_Hunt_160', 10, '2023-04-23 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhchnaw/', 'I’d respect people more if they said ‘In it for the hopium’ over ‘In it for the tech’', '12vma5t'], ['u/Toyake', 25, '2023-04-23 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhciaqc/', 'Probably has something to do with crypto bros being annoying for years on end.', '12vma5t'], ['u/StolenApe', 35, '2023-04-23 04:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhck861/', 'I have to agree, but I’ll add a bit. For most people, number go up is the name of the game and the purist ideals of crypto and what it offers mean very little. \n\nSecondly, there are some arguments made by the buttcoin sub that aren’t actually wrong. Crypto is full of scams, it is very easy to do something wrong and lose your entire net worth and it does require a level of technical proficiency to navigate safely that makes it hard for normal people.\n\nCrypto is not going to be a viable investment vehicle or currency for a lot of people. Implying that people with this view are stupid for not buying crypto is an point of view I think we can safely ignore. No need to try and convince people of your point of view and no point putting people down for a different view. \n\nTl;dr. Posts like this help no one and achieve nothing', '12vma5t'], ['u/EasySeaView', 11, '2023-04-23 05:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcmosp/', '"The tech" being a wastefull and inefficient distributed database thats 30 years old but rebranded to use for 90% scams, 9% useless garbage and 1% useful law dodging.', '12vma5t'], ['u/aMysticPizza_', 179, '2023-04-23 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcndly/', "Hot take: isn't the point of crypto to NOT use fiat? Yet all y'all want to do is cash out for fiat? \n\n🤔", '12vma5t'], ['u/daemmonium', 11, '2023-04-23 05:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcpss0/', 'Oh, sorry, I didn\'t knew I was talking to a millonaire crypto trader with an eagle eye for obvious "buy and sell signals".\n\n\nJesus christ, some people did 50$ to 2000$ with some shitcoin and think making money with crypto is stupid easy. I made more money than what I lost by a lot from crypto, but I never invested heavy enough even if I thought that it was "obvious". Crypto is still high risk/high reward.', '12vma5t'], ['u/marekt14', 11, '2023-04-23 06:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhcvp0u/', "They bought at $21 and sold at $13 for a loss. BTC IS A SCAM!\n\nhold up, it's going up and we don't own any anymore? BTC IS A SCAM!\n\nSomething like this happened for sure lol", '12vma5t'], ['u/rockiellow', 35, '2023-04-23 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhczz7s/', 'I held through a whole bull run because of my greedy ass. Not that hard to hold when you’re used to bag holding.', '12vma5t'], ['u/dopef123', 11, '2023-04-23 07:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd11k3/', 'I bought bitcoin at $5 and I never even thought of keeping it. I have the receipts and everything in my email. \n\nThe idea that it would get this big was never even a possibility to me. It was almost impossible to use as a currency and I just assumed that some newer coin would solve issues and replace it.\n\nI still find hints of old wallets that may or may not have bitcoin in them. I really wish I could figure it out.', '12vma5t'], ['u/Invest0rnoob1', 12, '2023-04-23 08:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd5m2k/', 'How do you know?', '12vma5t'], ['u/hang87', 64, '2023-04-23 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd6thx/', 'I’m ready to get the dislikes. I follow many crypto subs, but the Bitcoin sub is the most toxic circle jerk one. I therefore tend to agree more of what they post on buttcoin than on Bitcoin sub. Like bitcoin can save world hunger, energy crisis, bitcoin uses less energy, etc. all of these are ridiculous. I hold some satoshis, but that bitcoin sub makes me hate Bitcoin sub. Too much toxic and unwelcoming. I do agree there are some really smart people there too though.', '12vma5t'], ['u/kirtash93', 12, '2023-04-23 09:21', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd901i/', 'The more experience you get, the easier it becomes.\n\nCurrently I dont even sweat when moving coins to my wallets. I am so used to the process now.', '12vma5t'], ['u/michelbarnich', 14, '2023-04-23 09:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhd9wam/', 'Exactly this. The Bitcoin sub is a cult, any opinion (or fact) that doesnt result in buying more Bitcoin is getting banned. You mention the Bitcoin Blockchain has been reset in the early days too? Well now you are banned. You mention that other chains do something better and BTC shoild adopt it? Banned! You even dare to mention adjusting Block size? You guessed it: banned! \n\nLike how is there supposed to be any proper discussion if you cant even admit that another chain is better in some areas?', '12vma5t'], ['u/jarfil', 43, '2023-04-23 10:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhddws2/', ">calling it a ponzi scheme, a scam\n\nTo be completely fair, some ponzi schemes and scams did take more than a decade to get busted.\n\nFor example, [Madoff](https://en.m.wikipedia.org/wiki/Bernie_Madoff)'s ponzi scheme didn't get caught for nearly 40 years!", '12vma5t'], ['u/Jazqa', 10, '2023-04-23 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdfox9/', 'Most of the time I need to transfer money online, I wouldn’t do so without knowing that one of the centralized platforms has my back if things to wrong.', '12vma5t'], ['u/ETHBTCVET', 80, '2023-04-23 11:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdia0l/', "People are proving Buttcoin right, I'm not hiding that I'm here to get rich quick.", '12vma5t'], ['u/Cryptizard', 10, '2023-04-23 11:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdihnd/', 'You just described speculation. Holding something because you believe the price will increase, not because it is actually useful. Thanks for proving my point.', '12vma5t'], ['u/barrydennen12', 11, '2023-04-23 11:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdj7p5/', "I'm trying to work that out right now. The OP is saying that if you had that bitcoin right now, you could swap it right now for actual money and be loaded, right?? I'm so confused by this. Why were crypto people so upset during some of the crashes? They still had exactly the same amount of crypto they had before! Surely its worth in actual cash is meaningless??", '12vma5t'], ['u/Elie0_0', 10, '2023-04-23 12:29', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdlt7u/', "You're here for the wrong reasons then, none of us are going to get rich from Bitcoin, let alone quick lol", '12vma5t'], ['u/DunamisMax', 13, '2023-04-23 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhdpwrz/', "If you're worried about economic collapse you should be stockpiling food, water, ammunition, and things that will actually have value at that time. A crypto token will have just as little value as a paper dollar (if not dramatically less) when the economy collapses.", '12vma5t'], ['u/Killertimme', 10, '2023-04-23 15:41', 'https://www.reddit.com/r/CryptoCurrency/comments/12vma5t/if_people_who_created_buttcoin_sub_on_the_day/jhe3u7y/', 'you have been banned from /r/Bitcoin\n\nplease messages the moderators. we will ignore you though', '12vma5t']]], ['u/eddi3f', 'I’m no longer just a hodler.', 133, '2023-04-23 04:14', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/', 'Made my first ‘big’ purchase today using bitcoin (lighting) and for some reason it felt SO good.\n\nI’m hoping to find more goods and services that accept Bitcoin to start spending more sats to help create a circular bitcoin economy.\n\nI prefer to spend and replace so I guess I’m no longer just a hodler.', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/', '12vs029', [['u/ryryrocco', 10, '2023-04-23 05:25', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/jhcocm3/', 'Dude', '12vs029'], ['u/togetherwem0m0', 22, '2023-04-23 08:35', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/jhd5nlm/', 'Yet another reason why Cap gains tax on forex and currency needs to end', '12vs029'], ['u/eddi3f', 28, '2023-04-23 10:25', 'https://www.reddit.com/r/Bitcoin/comments/12vs029/im_no_longer_just_a_hodler/jhddenh/', 'I have no idea how the tax would work on bitcoin but it’s insane how I pay tax already and now I have to purchase another asset because the government can’t control the inflation of their main asset yet they want us to pay tax again on the new asset i chose to avoid their mismanagement. Seems very unfair but hey, there goes government violating our property rights again.', '12vs029']]], ['u/KeepStackinSon', '[WTS] Couple of Ultra-Rarities / Investment Coins, $20 Gold Liberty CAC, Charlotte Gold, Proof Large Cent, 1909 S VDB, Certified Peace Dollars, Certified AU $5 Gold Liberty Heads, Circ Dollar Lot', 15, '2023-04-23 05:43', 'https://www.reddit.com/r/CoinSales/comments/12vudvf/wts_couple_of_ultrararities_investment_coins_20/', 'Prices are firm. You pay shipping unless noted. Delivery is guaranteed (see below).\n\nVerification: [https://imgur.com/uvmxXjQ](https://imgur.com/uvmxXjQ)\n\nLot 1: 1944 Steel Cent NGC AU Details Tooled, Cleaned - $20,000\n\nThis is the (not so) Poor Man\'s answer to the 1943 copper.\n\n[https://imgur.com/a/f0hsDmi](https://imgur.com/a/f0hsDmi)\n\nLot 2: 1793 Chain Cent, AMERICA, NGC VF Details Damaged - $14,500\n\nThe back is nice.\n\n[https://imgur.com/a/qz1THnF](https://imgur.com/a/qz1THnF)\n\nLot 3: 1857 C (Charlotte Mint) $1 Gold NGC AU Details Bent - $2,100\n\n[https://imgur.com/a/J1nbY7D](https://imgur.com/a/J1nbY7D)\n\nLot 4: 1848 Proof Large Cent PCGS PR63 BN - $7,600\n\nMintage of 20 or less.\n\n[https://imgur.com/a/WI1d58z](https://imgur.com/a/WI1d58z)\n\nLot 5: 1892 S $20 Gold Liberty NGC & CAC MS62 - $2,600\n\nGreen Sticker\n\n[https://imgur.com/a/OakCM1i](https://imgur.com/a/OakCM1i)\n\nLot 6: 1909 S VDB Lincoln Cent NGC VG8 BN - $770\n\nThe VDB is very faint on this example, so I\'m selling it cheaper.\n\n[https://imgur.com/a/YvdZaem](https://imgur.com/a/YvdZaem)\n\nLot 7: Lot of Thirteen (13) Circ Silver Dollars - $445 shipped\n\nThose Morgans have been played with (Baking Soda\'ed?) but they look too good to sell as culls so I added a couple bucks. They are nice looking coins but they wouldn\'t grade out.\n\n[https://imgur.com/a/d3jBpuN](https://imgur.com/a/d3jBpuN)\n\nLot 8: Certified Peace Dollars\n\nPrices are on the coins. There could possibly be wiggle room on some of those coins (I\'d have to look into it). I can get pics if you are seriously interested in any of these.\n\nThe 1923 S and 1926 S are gone. All others still available.\n\nNote 1923 D price is $420.\n\n[https://imgur.com/a/VCMZ9gg](https://imgur.com/a/VCMZ9gg)\n\nLot 9: NGC/PCGS AU Graded $5 Gold Liberty Heads - $600\n\nI can get pics if you are seriously interested in any of these.\n\n[https://imgur.com/a/hPdgxDI](https://imgur.com/a/hPdgxDI)\n\nNew Items:\n\nLot 10: 1899 Russia Nicholas II 10 Roubles Gold Coin - $660\n\nLot 11: 1899 Russia Nicholas II 5 Roubles Gold Coin - $350\n\n[https://imgur.com/a/QEjeDev](https://imgur.com/a/QEjeDev)\n\n[https://imgur.com/a/incd6rC](https://imgur.com/a/incd6rC)\n\nLot 12: 2018 W Proof $10 Gold Liberty w/ OGP - $325\n\n[https://imgur.com/0dhW8T1](https://imgur.com/0dhW8T1)\n\n[https://imgur.com/a/v1Bkrs5](https://imgur.com/a/v1Bkrs5)\n\n\n\nSHIPPING: Shipping to USA only. I take responsibility for shipping. If tracking says it was delivered or that it was out for delivery (they sometimes forget to do final scan), I consider it delivered. If tracking says it got lost or package damaged and empty, I will reimburse you fully or give you the same product if possible.\n\nShipping will be by USPS first class bubble mailer ($5, only available below 16 oz) or priority flat rate box ($9).\n\nPayment options in order of preference: BTC, Zelle, Venmo, PPGS+3%, PPFF. PPGS will only be available to users with a lot of feedback.\n\nPlease be aware that a scammer pretending to be me is messaging people who are leaving comments here. His payment info contains the name "ric". That is not me. He is also suggesting cashapp. I do not have cashapp\n\n[https://www.reddit.com/r/Pmsforsale/comments/12extmq/meta\\_for\\_the\\_love\\_of\\_god\\_protect\\_yourself\\_from/](https://www.reddit.com/r/Pmsforsale/comments/12extmq/meta_for_the_love_of_god_protect_yourself_from/)', 'https://www.reddit.com/r/CoinSales/comments/12vudvf/wts_couple_of_ultrararities_investment_coins_20/', '12vudvf', [['u/KeepStackinSon', 14, '2023-04-23 05:43', 'https://www.reddit.com/r/CoinSales/comments/12vudvf/wts_couple_of_ultrararities_investment_coins_20/jhcqbb3/', 'Please be aware that a scammer pretending to be me is messaging people who are leaving comments here. His payment info contains the name "ric". That is not me. He is also suggesting cashapp. I do not have cashapp\r \n\r \nhttps://www.reddit.com/r/Pmsforsale/comments/12extmq/meta\\_for\\_the\\_love\\_of\\_god\\_protect\\_yourself\\_from/', '12vudvf']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 23, 2023', 35, '2023-04-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/', '12vuu61', [['u/BatteredLittleFish', 16, '2023-04-23 06:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhctydd/', "This is all noise unless it breaks below 25k and that's if it even gets there at all, likely the bounce will be aggressively front run.", '12vuu61'], ['u/NativeSkill', 14, '2023-04-23 13:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhdrvkq/', 'Or, as usual and again and again, a way for the whales to cash out some, suppressing the price a bit (around 10%), and at the same time trap all the stubborn bears that are providing liquidity now. In a few days, this will punctually shoot up and liquidate a lot of bears. Bear market is over. You had it for two years, now stop this madness and stop betting against BTC.', '12vuu61'], ['u/Essexal', 11, '2023-04-23 19:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhey4mw/', 'Just let 28 happen, it won’t hurt anyone.', '12vuu61'], ['u/[deleted]', 10, '2023-04-23 19:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12vuu61/daily_discussion_sunday_april_23_2023/jhf04h5/', 'Just let 25 happen so we can continue the bull run.', '12vuu61']]], ['u/MakerOfMillionaires', '[Draw #89] It’s now time to pick THIS month’s winner! April away!', 201, '2023-04-23 06:40', 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/', "#April Fools’ Day this year was really underwhelming.\n\n#Fun Fact: We were supposed to get the winning YouTube contest video this year, but alas.\n\n*\n\nTL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [[Entry Thread]](https://reddit.com/r/millionairemakers/comments/12ulspc/entry_thread_89_aprils_been_going_places_and_so/), you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.\n\nAdditionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.\n\nImportantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.\n\n\n\nDISCLAIMER:* Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.\n\n*\n\nDiscussion:\n\nThe [Discussion] Thread at /r/millionairemakersmeta is open. The thread also includes dates with RemindMe links for any upcoming [Entry Thread] posts of the season. All comments are welcome there for any inquiries.\n\n[Discussion for Winter and Spring 2023]: https://reddit.com/r/millionairemakersmeta/comments/zowh3x/discussion_thread_for_rmillionairemakers/\n\n\n\nExplanation:\n\nThe Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3^rd Block* after the time (being 16:00 UTC) to select the winner.\n\nIf a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it is discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.\n\nYou can see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.\n\n*\n\nStandard Protocol:*\n\nThis post will not be edited!* This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.\n\nTo verify if a hash for a file is that of Draw #89, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.\n\nIf you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: Draws/MM89\n\n*\n\nStatus Reports:\n\n/u/MakerOfMillionaires will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.\n\nIf you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.\n\n\n\nInformation Used For Draw #89:\n\n GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/master/Draws/MM89\n\n SHA-256 of Comment IDs: 079937200e0b4c7a17263f41776d882fc5a1b8c6be34107d143ccf8d26fdc0ed\n SHA-256 of DQed Age: d6f8ae5efe195745584c08a52a9b3224bb63cab2977496f1ac78f292607421de\n SHA-256 of Multiple Posters: cd670fb2848d70d32b29f9ee0ee1656822b7dd9852e08097e60353d2ca0a051f\n SHA-256 of Truncated IDs: 1cd39661f876ca6becc738e737d3c785b66f769dc542e524c75e9222a5031378\n\n Block Selection: The Third Bitcoin Block After 23 April 2023 - 16:00:00 UTC\n Total Participants: 4962", 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/', '12vvuf4', [['u/VerifiableFontophile', 40, '2023-04-23 07:00', 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/jhcxy26/', 'Godspeed, but not in school zones', '12vvuf4'], ['u/eyemgae', 30, '2023-04-23 20:33', 'https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89_its_now_time_to_pick_this_months_winner/jhf8vmq/', "Oh shit, I can't believe I was picked!", '12vvuf4']]], ['u/rBitcoinMod', 'Daily Discussion, April 23, 2023', 36, '2023-04-23 08:02', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/', "Please utilize this sticky thread for all general Bitcoin* discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12v2lia/daily_discussion_april_22_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/', '12vxuv1', [['u/Umpire_State_Bldg', 12, '2023-04-23 15:47', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhe4ly4/', '> So the more difficult it becomes to mine and the more expensive Bitcoin is to buy, \n\nThe cart does not push the horse around town; the horse pulls the cart.\n\nSimilarly, mining difficulty does not cause the price of Bitcoin to change; rather, the price of Bitcoin affects mining activity.\n\n---------------------------------\n\n> you are all still convinced that mining becomes more decentralised?\n\nRight now, mining is "decentralized enough". We won\'t see a single entity with 50% or more of the hashing power. Here\'s why. If a single entity obtained that much hash power, it would cause concern about a "51% attack" and that would push down on the price of Bitcoin - lower Bitcoin price is the last thing a Bitcoin miner wants to encounter. \n\nIn the past, when one particular mining pool grew to be close to 50% of the hashing power, the participants willingly split themselves into smaller mining pools in order to protect their investments in mining equipment, etc. \n\nThere is no financial advantage to having a monopoly on Bitcoin mining.', '12vxuv1'], ['u/escodelrio', 15, '2023-04-23 16:16', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhe8blk/', 'Historical Bitcoin prices for today, April 23rd:\r \n\r \n2023 - $27,647\r \n2022 - $39,733\r \n2021 - $51,161\r \n2020 - $7,557\r \n2019 - $5,540\r \n2018 - $8,938\r \n2017 - $1,248\r \n2016 - $453\r \n2015 - $236\r \n2014 - $487\r \n2013 - $143\r \n2012 - $5\r \n2011 - $1.7\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1650092557018251264).', '12vxuv1'], ['u/cubeeless', 13, '2023-04-23 16:55', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhedin9/', 'BTC to $300k!', '12vxuv1'], ['u/SammyCraigar', 12, '2023-04-23 22:08', 'https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/jhfml9h/', "I'm going to be getting a Trezor here soon. I feel like I'm finally growing up. Baby steps.", '12vxuv1']]], ['u/rawbery79', 'WWBTC for questioning pedicurist skills after an accident?', 59, '2023-04-23 09:34', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/', 'Hello, it is us, [Casey](https://i.imgur.com/yf6RqY4.jpg) and [Pixel!](https://i.imgur.com/kfjiMUU.jpg) again. We are coming to you with a problem of GREAT URGENCE.\n\nYeah, I am definitely feeling a bit unsettled here!\n\nSO, as we cats (and dogs I SUPPOSE) know, the humans that live with us are very WEIRD. They grow their CLAWS on the OUTSIDE of their TOES AND FINGERS. YUCK!\n\nIt is kind of weird because Mom and Dad can scratch us without moving their claws! They\'re just always there!\n\nThe other night I was with Mom ON THE BED and she was playing with her one of her snaggly TOE CLAWS. She gets FIDGETY. And her claws were LONG.\n\nShe said she might paint them! Or she might paint her hand claws!\n\nMom thought she would get cute and TRIM her toe claw. She doesn\'t know how she did it ("I\'ve been cutting my toenails for over 30 years now, how did I do this?") but she cut her claw juuuuuuust wrong and she yelled OWWW and grabs a TISSUE and then I saw some of the RED STUFF on her claw.\n\nThat was a little bit scary!!!\n\nMom put a bandage on her toe and has been hobbling around the house since. She did NOT cut any more of her claws. I QUESTION her qualifications. \n\nYOU SEE, Mom has only ever trimmed MY NAILS once. (mine three times!) And I let her, but I also let her know I DID NOT LIKE IT.\n\nNow I do not TRUST HER. How can I trust her not to HURT ME and not make the RED STUFF come out of MY CLAWS when she can\'t keep it from HER CLAWS?\n\nI think Brother has a pretty good theory here. I am a lot more nervous thinking about Mom trimming my claws now, even though I know she would never hurt me! But nail trims seem easy?\n\nWould We Be The Cloacas if we questioned Mom\'s PEDICURIST SKILLS and refused ALL future claw trims, for our own SAFETY?', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/', '12w00ga', [['u/Mollyscribbles', 37, '2023-04-23 09:47', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhdaszm/', 'NTC, is reasonable fear. be extra careful when bapping to keep claws in so to minimize the pawsibility she will think yours need a trim.', '12w00ga'], ['u/Helpful_Librarian_87', 22, '2023-04-23 12:36', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhdmbql/', 'NTC, but bcos humans know to be extra careful with youse (rightful rulers of Da House), I thinks youse will be in safe paws. Be well, Casey & Pixel xx', '12w00ga'], ['u/congrrl', 15, '2023-04-23 18:18', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhep9jw/', 'I am alarmed. I think pedicurist needs retraining? Training? Protect your toes!', '12w00ga'], ['u/scatterbrain2015', 11, '2023-04-23 20:01', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhf4ax2/', 'NTC you are entitled to sue for damages! A payment of several treats is henceforth required before, during and after all future nail trims!', '12w00ga'], ['u/rawbery79', 17, '2023-04-23 21:07', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfdw41/', 'I bap bap without claws! Brother cannot.\n\nI am DEEPLY ashamed to admit it, but I CANNOT control my claws. It is VEXING.', '12w00ga'], ['u/rawbery79', 11, '2023-04-23 21:07', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfdxj9/', 'This is TRUE. Our claws are sharper!', '12w00ga'], ['u/rawbery79', 10, '2023-04-23 21:08', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfe0re/', "I am alarmed as well! Mom was very upset. She said it hurt a lot! It probably didn't help that I like to jump on feets in the bed!", '12w00ga'], ['u/rawbery79', 12, '2023-04-23 21:08', 'https://www.reddit.com/r/AmItheCloaca/comments/12w00ga/wwbtc_for_questioning_pedicurist_skills_after_an/jhfe20a/', "BRB, on the way to the PAWYER'S OFFICE.", '12w00ga']]], ['u/rockybaster', 'Africrypt founders who stole 70,000 BTC arrested in Zurich, Switzerland', 57, '2023-04-23 09:53', 'https://www.reddit.com/r/CryptoCurrency/comments/12w0g3j/africrypt_founders_who_stole_70000_btc_arrested/', 'Source (in German): \n\n[https://www.20min.ch/story/drei-milliarden-krimi-endet-in-zuerich-krypto-brueder-festgenommen-930342327665](https://www.20min.ch/story/drei-milliarden-krimi-endet-in-zuerich-krypto-brueder-festgenommen-930342327665)\n\n\n\nTranslation:\n\n>Three billion crime thriller ends in Zurich – crypto brothers arrested \n> \n> \n> \n>They promised to invest and manage their investors\' money in Bitcoin. Then they are said to have faked a hack and disappeared. They were arrested in Zurich. \n> \n> \n> \n>That\'s what it\'s about \n> \n> \n> \n>\\- Crypto trading platform Africrypt invested its investors\' money in Bitcoin. \n> \n> \n> \n>\\- When the currency hit a new high in 2021, the platform was allegedly hacked. \n> \n> \n> \n>\\- Shortly thereafter, there was no trace of the founding brothers until they reappeared in Zurich. \n> \n> \n> \n>Anyone who would like to benefit from the rising Bitcoin price but does not have much knowledge of cryptocurrency can pay their money to Africrypt and have it managed by the crypto trading platform - according to the promise of the founders. \n> \n> \n> \n>When the US car company Tesla invested in Bitcoin in February 2021 and thus drove up the value of the currency, the founding brothers Raees and Ameer Cajee from Johannesburg managed 70,000 Bitcoin on behalf of their customers. In April of the same year, these were worth almost four billion Swiss francs. \n> \n> \n> \n>When the bitcoins were "hacked", the crypto traders disappeared \n> \n> \n> \n>But investors couldn\'t be happy about that for long - according to Ameer Cajee, the platform was hacked. However, the investors should not inform the police, that would only hinder the processing. According to current investigations, however, the brothers faked the hack and they disappeared with the money. Their trail was lost in Dubai. \n> \n> \n> \n>Two months later, they rented two lockers in Zurich, as reported by "Switzerland at the weekend". In the compartments they deposited so-called hardware wallets, i.e. devices on which the keys to their Bitcoin assets are located. The public prosecutor got wind of it and opened criminal proceedings on suspicion of money laundering. \n> \n>One of the brothers released again \n> \n> \n> \n>In November 2021, investigators ambushed the suspected crypto scammers and arrested them at their lockers. One of the brothers spent six months in custody and was then released on the condition that he deposit CHF 300,000 as security, hand in his passport and undertake to stay in Switzerland. \n> \n> \n> \n>Cajee defended himself against these conditions and went all the way to the federal court, which has now dismissed his complaint in a judgment. For a rich person, having to stay in Switzerland longer than planned is not a disproportionate encroachment on their freedom. \n> \n> \n> \n>The public prosecutor\'s office is only investigating because of the hiding operation in Switzerland. The South African public prosecutor\'s office is responsible for the predicate offense and has discontinued its investigation, according to a letter. The brothers had offered some investors a settlement payment, which is why they withdrew their ads.', 'https://www.reddit.com/r/CryptoCurrency/comments/12w0g3j/africrypt_founders_who_stole_70000_btc_arrested/', '12w0g3j', [['u/Barbygurl', 16, '2023-04-23 10:04', 'https://www.reddit.com/r/CryptoCurrency/comments/12w0g3j/africrypt_founders_who_stole_70000_btc_arrested/jhdc09p/', 'Now lock them up along with SBF, Do Kwon and the other crypto scum, throw away the key and let them rot into oblivion.', '12w0g3j']]], ['u/maltypoo', 'input needed', 26, '2023-04-23 10:06', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/', "-2.7mil brokerage (3.1mil cost basis. 1/2 VTI, 1/2 schwab us robo)\n\n~2mil bitcoin low cost basis (assume 1.5 post tax)\n\n~500k foreign property paid off (mexico, primary residence and potential future rental secondary property)\n\n~450k us home. 250k mortgage owed. 1.98% interest rate 15y 2300/mo\n\n-married, 1 kid, planning 1 more at most\n\n-Income: largely irrelevant for this convo as it varied a lot and I'm looking to GTFO \n\n-Annual spend: 120k~ (roughly 36k for a house we spend 1 month a year in to maintain US residency as we can't live with relatives on paper)\n\n-spending leaks: ~15k a year supporting my mom which I know is too much (but is impossible to say no to given I grew up poor and she knows I've made X and takes advantage of situation)\n\nPoker player (Mainly online) for 15y who got lucky more than once especially In recent years. Worked 100+ hr weeks for a over a decade. Late to FIRE party to say the least \n\nmanaged to buy top of equity market with post-tax cash savings after blowing my 20s living frivolously. No 401k. Minimal IRA/rIRA contributions. \n\n\nI'm 34, wife 32 (not working atm but Masters degree in EE but no real desire to work given our current situation)\n\nI am legit frightened about my career trajectory with the advances in AI and want to stop immediately. I was so passionate about my life for so long, but the birth of my child changed my outlook and I haven't been able to go back to my old life and am enjoying my time away wondering if it can last in perpetuity?\n\nI'm not afraid of re-skilling or finding a side hustle, but can't help to admit I feel a bit trapped given my resume gap post university and over a decade living in Mexico playing online poker. I feel like my options are limited and wonder if I can just ride off into the sunset", 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/', '12w0rff', [['u/Ok_Entry_337', 44, '2023-04-23 11:10', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/jhdggdl/', 'You don’t need anyone’s input & your options aren’t limited. Well done; enjoy life.', '12w0rff'], ['u/Icy_Worldliness5205', 51, '2023-04-23 14:06', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/jhdtpzs/', 'I’d quit immediately after selling that Bitcoin.', '12w0rff'], ['u/lottadot', 15, '2023-04-23 14:46', 'https://www.reddit.com/r/ChubbyFIRE/comments/12w0rff/input_needed/jhdxlg3/', "Oh hell yeah congrats your very soon retirement! Is that $120k/yr spend... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.\nMost Read from Bloomberg\n• Tesla Drops Model Y Starting Price Below the Average US Vehicle\n• Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman Warns\n• Netflix Spain Lost 1 Million Users Last Quarter, Kantar Says\n• First Republic Faces Potential Curb on Borrowing From Fed\n• Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60%\nThe largest digital asset has climbed 67% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport.\nA halving – or halvening – cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings.\nThe upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024.\n“Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed — while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,” he said.\nThe Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange’s collapse in November 2022 also threatens to darken the market outlook.\nFTX Low\n“If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of ‘accumulation’ before witnessing the characteristic post-halving breakout price action,” said Jacob Joseph, an analyst at CCData.\nMarkus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65,623 by April 2024 — more than double the current price.\nBitcoin remains about $41,000 down from its all-time high of almost $69,000 in November 2021 — which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded.\n“Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,” said CCData’s Joseph.\nBitcoin edged up less than 0.5% to $27,590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region.\nMost Read from Bloomberg Businessweek\n• Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins\n• Carvana Was Built for Low Interest Rates. Can It Survive Its $8 Billion Debt?\n• Walmart Is Using AI to Negotiate the Best Price With Some Vendors\n• How Asia’s Hottest New App Was Sunk by Secret China Connections\n• VPNs Are Going Mainstream, and So Are Their Trust Issues\n©2023 Bloomberg L.P.', '(Bloomberg) -- Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.\nMost Read from Bloomberg\n• Tesla Drops Model Y Starting Price Below the Average US Vehicle\n• Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman Warns\n• Netflix Spain Lost 1 Million Users Last Quarter, Kantar Says\n• First Republic Faces Potential Curb on Borrowing From Fed\n• Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60%\nThe largest digital asset has climbed 67% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport.\nA halving – or halvening – cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings.\nThe upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024.\n“Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed — while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,” he said.\nThe Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange’s collapse in November 2022 also threatens to darken the market outlook.\nFTX Low\n“If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of ‘accumulation’ before witnessing the characteristic post-halving breakout price action,” said Jacob Joseph, an analyst at CCData.\nMarkus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65,623 by April 2024 — more than double the current price.\nBitcoin remains about $41,000 down from its all-time high of almost $69,000 in November 2021 — which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded.\n“Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,” said CCData’s Joseph.\nBitcoin edged up less than 0.5% to $27,590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region.\nMost Read from Bloomberg Businessweek\n• Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins\n• Carvana Was Built for Low Interest Rates. Can It Survive Its $8 Billion Debt?\n• Walmart Is Using AI to Negotiate the Best Price With Some Vendors\n• How Asia’s Hottest New App Was Sunk by Secret China Connections\n• VPNs Are Going Mainstream, and So Are Their Trust Issues\n©2023 Bloomberg L.P.', '(Bloomberg) -- Bitcoin\x92s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Quants Are \x91Out of Ammo\x92 for Buying Stocks, Goldman Warns Netflix Spain Lost 1 Million Users Last Quarter, Kantar Says First Republic Faces Potential Curb on Borrowing From Fed Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60% The largest digital asset has climbed 67% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport. A halving \x96 or halvening \x96 cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings. The upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024. \x93Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed \x97 while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,\x94 he said. The Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange\x92s collapse in November 2022 also threatens to darken the market outlook. FTX Low \x93If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of \x91accumulation\x92 before witnessing the characteristic post-halving breakout price action,\x94 said Jacob Joseph, an analyst at CCData. Story continues Markus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65,623 by April 2024 \x97 more than double the current price. Bitcoin remains about $41,000 down from its all-time high of almost $69,000 in November 2021 \x97 which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded. \x93Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,\x94 said CCData\x92s Joseph. Bitcoin edged up less than 0.5% to $27,590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region. Most Read from Bloomberg Businessweek Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Carvana Was Built for Low Interest Rates. Can It Survive Its $8 Billion Debt? Walmart Is Using AI to Negotiate the Best Price With Some Vendors How Asia\x92s Hottest New App Was Sunk by Secret China Connections VPNs Are Going Mainstream, and So Are Their Trust Issues ©2023 Bloomberg L.P.', '(Bloomberg) -- Russia-aligned hackers are attempting to damage or destroy the UK\x92s critical national infrastructure, a top British government official is expected to warn on Wednesday. Most Read from Bloomberg Bud Light Takes the Cowardly Way Out Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle Bitcoin \x91Halving\x92 Due Next Year Spurs Predictions of Rally in Token Past $50,000 US Public Sours on a Biden-Trump Election Rematch in 2024 The hackers, who are working for organizations similar in structure to the Wagner group, a private Russian militia, have turned their attention to the UK in recent months and pose a threat to businesses, according to Oliver Dowden, the chancellor of the Duchy of Lancaster, one of the highest ranking ministers in the government\x92s Cabinet Office. \x93These adversaries are ideologically motivated, rather than financially motivated,\x94 according to prepared remarks that Dowden is scheduled to deliver at a cybersecurity conference in Belfast, which were shared with reporters. \x93Disclosing this threat is not something we do lightly. But we believe it is necessary.\x94 Dowden is expected to announce cybersecurity resilience goals that companies in critical national infrastructure sectors \x96 such as defense, health, energy and finance \x96 are expected to meet by 2025. In addition, he\x92s scheduled to say that he is working on a plan to bring businesses working in critical national infrastructure within the scope of new cybersecurity regulations. \x93These are the companies in charge of keeping our country running. Of keeping the lights on,\x94 according to Dowden\x92s prepared remarks. \x93Our shared prosperity depends on them taking their own security seriously.\x94 Similarly, the UK\x92s National Cyber Security Centre issued an alert to businesses warning of a \x93new class of Russian cyber adversary.\x94 \x93While the cyber activity of these groups often focuses on DDoS attacks, website defacements and/or the spread of misinformation, some have stated a desire to achieve a more disruptive and destructive impact against western critical national infrastructure, including in the UK,\x94 according to the alert. Dowden\x92s plan is similar to the Biden administration\x92s recently released national cyber strategy, which called for minimum cybersecurity standards on businesses in critical sectors. Russian-linked criminal hacking gangs have targeted several high-profile UK businesses in the last year. Postal company Royal Mail\x92s operations were disrupted for several weeks after an attack in January. Capita Plc, a major government contractor, was hacked in late March. Last year, health-care software provider Advanced was targeted, which disrupted doctors\x92 ability to view medical notes and book appointments. Staffordshire Water Company, which provides supplies water to 1.5 million people in the UK, also suffered a major breach. Story continues Most Read from Bloomberg Businessweek TikTok\x92s Algorithm Keeps Pushing Suicide to Vulnerable Kids How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War Peak Gas Has Passed, and Higher Prices Might Be Next The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe ©2023 Bloomberg L.P. View comments', '(Bloomberg) -- Ajinomoto Co., better known for its seasonings, oils and food products, may add a new manufacturing base to produce more of a specialized material used for semiconductors, Chief Executive Officer Taro Fujie said.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\nThe Japanese company may invest more than its planned ¥25 billion ($186 million) if necessary, and will make a decision on any new factory within a few years, Fujie said in an interview. Ajinomoto Build-Up Film, which helps to connect chips to circuit boards, was developed in the 1970s using the food company’s expertise in resins and amino-acid-chemistry.\nAjinomoto is the dominant supplier and shortages of ABF contributed to the chip crunch experienced in the early days of the pandemic. Demand for semiconductors has been steady, helping to boost the company’s stock by 21% this year to record highs and outpace the broader Topix Index. Analysts are projecting, on average, a 19% jump in revenue for the fiscal year through March when the company reports results on May 11.\n“We’ll do what it takes to stay ahead of the competition,” Fujie said. “Our clients trust us for the speedy supply of high-quality products.”\nAjinomoto got its start more than 100 years ago after Kikunae Ikeda discovered monosodium glutamate and named its associated taste, umami. That led to the founding of the company by Saburosuke Suzuki, which sells the ingredient along with beverages, dairy products and processed foods.\nRead more: Japan’s Jobs-for-Life System Ditched by Century-Old Ajinomoto\nShipments of Ajinomoto Build-Up Film are forecast to expand 18% annually through fiscal 2025, the company said. The global ABF market is on track to reach $6.5 billion by 2028, according to researchers at Absolute Reports.\nAbout 60% of Ajinomoto’s ABF output went into high-end data center servers for fiscal 2022 and the ratio is forecast to reach 75% to 85% by fiscal 2030, according to Ajinomoto’s mid-term business plan, released in March.\n“It’s quite visible that the area where ABF will be used on a chip will increase in the future,” Fujie said. “We’ll make investments that will enable us to respond to that demand.”\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- Russia-aligned hackers are attempting to damage or destroy the UK’s critical national infrastructure, a top British government official is expected to warn on Wednesday.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\nThe hackers, who are working for organizations similar in structure to the Wagner group, a private Russian militia, have turned their attention to the UK in recent months and pose a threat to businesses, according to Oliver Dowden, the chancellor of the Duchy of Lancaster, one of the highest ranking ministers in the government’s Cabinet Office.\n“These adversaries are ideologically motivated, rather than financially motivated,” according to prepared remarks that Dowden is scheduled to deliver at a cybersecurity conference in Belfast, which were shared with reporters. “Disclosing this threat is not something we do lightly. But we believe it is necessary.”\nDowden is expected to announce cybersecurity resilience goals that companies in critical national infrastructure sectors – such as defense, health, energy and finance – are expected to meet by 2025. In addition, he’s scheduled to say that he is working on a plan to bring businesses working in critical national infrastructure within the scope of new cybersecurity regulations.\n“These are the companies in charge of keeping our country running. Of keeping the lights on,” according to Dowden’s prepared remarks. “Our shared prosperity depends on them taking their own security seriously.”\nSimilarly, the UK’s National Cyber Security Centre issued an alert to businesses warning of a “new class of Russian cyber adversary.” “While the cyber activity of these groups often focuses on DDoS attacks, website defacements and/or the spread of misinformation, some have stated a desire to achieve a more disruptive and destructive impact against western critical national infrastructure, including in the UK,” according to the alert.\nDowden’s plan is similar to the Biden administration’s recently released national cyber strategy, which called for minimum cybersecurity standards on businesses in critical sectors.\nRussian-linked criminal hacking gangs have targeted several high-profile UK businesses in the last year.\nPostal company Royal Mail’s operations were disrupted for several weeks after an attack in January. Capita Plc, a major government contractor, was hacked in late March. Last year, health-care software provider Advanced was targeted, which disrupted doctors’ ability to view medical notes and book appointments. Staffordshire Water Company, which provides supplies water to 1.5 million people in the UK, also suffered a major breach.\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- Snap Inc. says it can’t be sued for allegedly addicting young users and contributing to a mental-health crisis because its “ephemeral” messaging service is “fundamentally different” from other platforms including TikTok and Instagram that are at the center of a surge in lawsuits over social media addiction.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\n“Unlike these other platforms, Snapchat is primarily used for direct communication between people who already know each other in real life,” Snap’s attorneys said in a filing seeking dismissal of the cases against the company.\nPlatform owners Meta Platforms Inc., ByteDance Ltd., Google and Snap are fighting almost 200 lawsuits filed across the US on behalf of adolescents and young adults - and at least two dozen complaints by public school districts - blaming the companies for health issues including anxiety, depression, eating disorders and sleeplessness.\nThe social media companies filed a joint request late Monday for dismissal to a federal judge in Oakland, California, contending the plaintiffs have failed to adequately state claims of wrongdoing. Snap’s attorneys submitted an additional filing to argue that the platform stand outs among its peers in ways that diminish harmful influences on youths.\nSnapchat doesn’t feature “like counts” used to show positive reactions to content or “other public vanity metrics,” Snap said in its filing. And “far from encouraging minor users to create permanent content for public consumption,” messages called “Snaps” or “Chats” disappear shortly after they’re seen by users, the company said.\nWhen The Scrolling Doesn’t Stop: Social Media Lawsuits Pile Up\nEarlier in the litigation, Snap, ByteDance, and Google argued said they preferred to defend themselves separately from Meta because the bulk of the suits were brought against the Instagram owner. They argued it would be inefficient for them to be dragged into Meta’s fight. But a panel of federal judges decided to group all the cases together.\nThe case is In Re. Social Media Adolescent Addiction and Personal Injury Products Liability Litigation, 22-MD-3047, US District Court, Northern District of California (Oakland).\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', '(Bloomberg) -- Gogoro Inc., a Taipei-based company whose battery-swapping stations serve electric moped drivers across Taiwan, said on Tuesday that it has converted roughly 20% of those stations into “virtual power plants” capable of sending spare electricity back to the grid.\nMost Read from Bloomberg\n• Bud Light Takes the Cowardly Way Out\n• Anger in Europe After Chinese Diplomat Says Ex-Soviet States Not Sovereign\n• Billionaire Brin Sold Tesla Near Its Peak for New Giving Vehicle\n• Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000\n• US Public Sours on a Biden-Trump Election Rematch in 2024\nSince it was founded in 2015, Gogoro has opened more than 12,000 stations with batteries that can be changed out on the fly, giving drivers of electric mopeds and three-wheelers the ability to add dozens of miles of range without losing time on charging. The company says it has more than 500,000 monthly active users, and over 260 swaps taking place on its network every minute. Some 2,500 Gogoro stations have been converted into VPPs capable of storing up to 150 megawatt hours of electricity collectively — enough, it says, to power 500 local households for a month.\n“The Gogoro community is contributing to Taiwan’s net-zero targets by helping to integrate more variable power generation resources onto the grid,” Gogoro founder and Chief Executive Officer Horace Luke said in a statement. Roughly 80% of Taiwan’s power supply relies on fossil fuels, but the self-governing island has pledged to zero out its greenhouse gas emissions before 2050.\nBy tapping into the power of its parked batteries, Gogoro joins a growing number of companies exploring virtual power plants, which can help utilities avoid blackouts during periods of high demand and reduce the need for electricity generated by fossil fuels. Additionally, companies selling excess power back to the grid through VPPs can realize a new revenue stream.\nUnder the same announcement, Gogoro said it will participate in a program introduced by Taiwan Power Corporation under which the company’s battery-swapping stations would temporarily disconnect from grids if there is critical energy demand elsewhere. (They can still operate for up to 65 hours powered by their own batteries.) The utility pays a premium for companies to participate in the program, which helps ensure overall grid stability.\nRead More: One-Minute Battery Swaps Spur EV Adoption in Asia\nAs power grids around the world continue to buckle under the pressures of extreme weather, more VPPs will be needed. An acute example occurred in 2021 in Texas, when a frigid winter storm sent electricity demand soaring while also hampering power production from fossil fuels, wind and nuclear plants. The resulting grid failure left millions without power.\nAdding more renewable energy to the mix will also require solutions for absorbing excess power during particularly windy days, for example, or doling out stored energy when clouds lower solar output.\nThe global market for VPPs hit $1.9 billion last year, according to consultancy The Business Research Company, and the industry is on track to grow more than 20% in 2023. That potential has already lured electric vehicle giants: Tesla Inc. is turning some houses in Texas that use its home batteries into VPPs, while Nio, a leading EV manufacturer in China, is touting its own battery-swapping stations as a source of power supply and storage. Last summer, when the country was hit by scorching temperatures that evaporated hydropower, Nio’s more than 100 swapping stations were able to step in.\n(Corrects to clarify that Gogoro’s VPPs don’t stop working if they stop drawing power from the electrical grid.)\nMost Read from Bloomberg Businessweek\n• TikTok’s Algorithm Keeps Pushing Suicide to Vulnerable Kids\n• How a Brazen Plot to Rig Oil Auctions Cost Venezuela Billions\n• Sprite Is So Popular That Pepsi Launched a New Lemon-Lime War\n• Peak Gas Has Passed, and Higher Prices Might Be Next\n• The Nord Stream Explosion Remains an Unsolved Mystery Gripping Europe\n©2023 Bloomberg L.P.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Analysts take a look at what comes next after last week\'s downturn in bitcoin and ether prices. Insights: Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests. Prices CoinDesk Market Index (CMI) 1,208 +9.6 ▲ 0.8% Bitcoin (BTC) $27,779 +230.4 ▲ 0.8% Ethereum (ETH) $1,875 +18.9 ▲ 1.0% S&P 500 4,133.52 +3.7 ▲ 0.1% Gold $1,994 +14.4 ▲ 0.7% Nikkei 225 28,564.37 −93.2 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto markets complete round-trip after big rally. What comes next? The big story in crypto markets last week was that ether turned lower, erasing all price gains notched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain\'s highly anticipated Shanghai upgrade. Bitcoin reversed course as well, losing its foothold above $30,000 and changing hands at about $27,800 around press time. According to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin\'s price chart still look encouraging. "A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email. "As long as bitcoin manages to stay above $22K, in the worst case, we can expect more upward action." Insights What Taylor Swift Can Teach You About Investing Angry victims of the FTX swindle are looking for restitution from the celebrity spokespeople who pitched the failed exchange, in a lawsuit that names Larry David, Tom Brady and Shaquille O’Neill , among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism. Story continues Swift reportedly asked FTX representatives, “Can you tell me that these [listed assets] are not unregistered securities?” in the course of negotiations, which ultimately failed. That’s according to Adam Moskowitz, the plaintiffs\' lawyer in the FTX endorsements suit, speaking to The Block’s Frank Chaparro . Moskowitz describes learning about the incident in the discovery phase of the suit, and I haven’t seen confirmation from Taylor Swift’s camp. This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . But even if it’s a bit of a just-so story, there’s a wealth of wisdom in this little parable. It wouldn’t be the first time Swift showed herself to be a brilliant and sharp-elbowed businesswoman on top of her musical talent – for instance, having muscled her way free of an onerous publishing deal . The lesson of her FTX adventure, though, is a bit more abstract than it seems. Swift’s question about unregistered securities was remarkably prescient, given that we’re now seeing aggressive regulatory crackdowns on crypto exchanges . She has, it seems, been paying attention. But selling unregistered securities wasn\'t what brought FTX down – old-fashioned fraud was the culprit. Swift did not, it seems, ask FTX representatives, “Is your management team secretly sending user assets to an affiliated hedge fund?” How, then, might her securities law question, largely unrelated to the risk that ultimately manifested, have led Swift to shy away from going into business with FTX? I’m speculating here, but one likely scenario is that she or her people weren’t satisfied with the way FTX handled this and other questions. For instance, maybe FTX founder Sam Bankman-Fried or his representatives were confused or uncoordinated or defensive – all useful signs of an organization that may have deeper problems. (Or maybe the Swift camp didn’t appreciate FTX’s boy wonder playing “League of Legends” during their meeting .) Read the full story here : Important events. 8:30 p.m. HKT/SGT(12:30 UTC): Chicago Fed National Activity Index (Mar) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Rep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day Rep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chairman Gary Gensler. This comes as bitcoin is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is a former head of research at CoinDesk and Genesis Trading, which is owned by Digital Currency Group, CoinDesk\'s parent company. Headlines Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright: Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled. Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall: The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows. Gemini to Open a Crypto Derivatives Platform Outside the U.S.: Gemini Foundation\'s first product will be a perpetual bitcoin contract, the company said late Friday. Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking: The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Analysts take a look at what comes next after last week\'s downturn in bitcoin and ether prices.\nInsights:Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests.\nCoinDesk Market Index (CMI)\n1,208\n+9.6▲0.8%\nBitcoin (BTC)\n$27,779\n+230.4▲0.8%\nEthereum (ETH)\n$1,875\n+18.9▲1.0%\nS&P 500\n4,133.52\n+3.7▲0.1%\nGold\n$1,994\n+14.4▲0.7%\nNikkei 225\n28,564.37\n−93.2▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto markets complete round-trip after big rally. What comes next?\nThe big story in crypto markets last week was that ether turned lower,erasing all price gainsnotched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain\'s highly anticipated Shanghai upgrade. Bitcoin reversed course as well, losing its foothold above $30,000 and changing hands at about $27,800 around press time.\nAccording to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin\'s price chart still look encouraging.\n"A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email. "As long as bitcoin manages to stay above $22K, in the worst case, we can expect more upward action."\nWhat Taylor Swift Can Teach You About Investing\nAngry victims of the FTX swindle are looking for restitution from the celebrity spokespeople who pitched the failed exchange, in a lawsuit that namesLarry David, Tom Brady and Shaquille O’Neill, among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism.\nSwiftreportedly askedFTX representatives, “Can you tell me that these [listed assets] are not unregistered securities?” in the course of negotiations, which ultimately failed. That’s according to Adam Moskowitz, the plaintiffs\' lawyer in the FTX endorsements suit, speakingto The Block’s Frank Chaparro. Moskowitz describes learning about the incident in the discovery phase of the suit, and I haven’t seen confirmation from Taylor Swift’s camp.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut even if it’s a bit of a just-so story, there’s a wealth of wisdom in this little parable. It wouldn’t be the first time Swift showed herself to be a brilliant and sharp-elbowed businesswoman on top of her musical talent – for instance, having muscled her way free ofan onerous publishing deal.\nThe lesson of her FTX adventure, though, is a bit more abstract than it seems. Swift’s question about unregistered securities was remarkably prescient, given that we’re now seeingaggressiveregulatorycrackdownson crypto exchanges. She has, it seems, been paying attention. But selling unregistered securities wasn\'t what brought FTX down – old-fashioned fraud was the culprit. Swift did not, it seems, ask FTX representatives, “Is your management teamsecretly sending user assets to an affiliated hedge fund?”\nHow, then, might her securities law question, largely unrelated to the risk that ultimately manifested, have led Swift to shy away from going into business with FTX? I’m speculating here, but one likely scenario is that she or her people weren’t satisfied with the way FTX handled this and other questions. For instance, maybe FTX founder Sam Bankman-Fried or his representatives wereconfused or uncoordinated or defensive– all useful signs of an organization that may have deeper problems. (Or maybe the Swift camp didn’t appreciate FTX’s boy wonderplaying “League of Legends” during their meeting.)\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC):Chicago Fed National Activity Index (Mar)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day\nRep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chairman Gary Gensler. This comes as bitcoin is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is a former head of research at CoinDesk and Genesis Trading, which is owned by Digital Currency Group, CoinDesk\'s parent company.\nJudge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright:Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled.\nEther Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall:The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.\nGemini to Open a Crypto Derivatives Platform Outside the U.S.:Gemini Foundation\'s first product will be a perpetual bitcoin contract, the company said late Friday.\nEthereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking:The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Analysts take a look at what comes next after last week\'s downturn in bitcoin and ether prices.\nInsights:Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests.\nCoinDesk Market Index (CMI)\n1,208\n+9.6▲0.8%\nBitcoin (BTC)\n$27,779\n+230.4▲0.8%\nEthereum (ETH)\n$1,875\n+18.9▲1.0%\nS&P 500\n4,133.52\n+3.7▲0.1%\nGold\n$1,994\n+14.4▲0.7%\nNikkei 225\n28,564.37\n−93.2▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto markets complete round-trip after big rally. What comes next?\nThe big story in crypto markets last week was that ether turned lower,erasing all price gainsnotched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain\'s highly anticipated Shanghai upgrade. Bitcoin reversed course as well, losing its foothold above $30,000 and changing hands at about $27,800 around press time.\nAccording to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin\'s price chart still look encouraging.\n"A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email. "As long as bitcoin manages to stay above $22K, in the worst case, we can expect more upward action."\nWhat Taylor Swift Can Teach You About Investing\nAngry victims of the FTX swindle are looking for restitution from the celebrity spokespeople who pitched the failed exchange, in a lawsuit that namesLarry David, Tom Brady and Shaquille O’Neill, among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism.\nSwiftreportedly askedFTX representatives, “Can you tell me that these [listed assets] are not unregistered securities?” in the course of negotiations, which ultimately failed. That’s according to Adam Moskowitz, the plaintiffs\' lawyer in the FTX endorsements suit, speakingto The Block’s Frank Chaparro. Moskowitz describes learning about the incident in the discovery phase of the suit, and I haven’t seen confirmation from Taylor Swift’s camp.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut even if it’s a bit of a just-so story, there’s a wealth of wisdom in this little parable. It wouldn’t be the first time Swift showed herself to be a brilliant and sharp-elbowed businesswoman on top of her musical talent – for instance, having muscled her way free ofan onerous publishing deal.\nThe lesson of her FTX adventure, though, is a bit more abstract than it seems. Swift’s question about unregistered securities was remarkably prescient, given that we’re now seeingaggressiveregulatorycrackdownson crypto exchanges. She has, it seems, been paying attention. But selling unregistered securities wasn\'t what brought FTX down – old-fashioned fraud was the culprit. Swift did not, it seems, ask FTX representatives, “Is your management teamsecretly sending user assets to an affiliated hedge fund?”\nHow, then, might her securities law question, largely unrelated to the risk that ultimately manifested, have led Swift to shy away from going into business with FTX? I’m speculating here, but one likely scenario is that she or her people weren’t satisfied with the way FTX handled this and other questions. For instance, maybe FTX founder Sam Bankman-Fried or his representatives wereconfused or uncoordinated or defensive– all useful signs of an organization that may have deeper problems. (Or maybe the Swift camp didn’t appreciate FTX’s boy wonderplaying “League of Legends” during their meeting.)\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC):Chicago Fed National Activity Index (Mar)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day\nRep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chairman Gary Gensler. This comes as bitcoin is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is a former head of research at CoinDesk and Genesis Trading, which is owned by Digital Currency Group, CoinDesk\'s parent company.\nJudge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright:Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled.\nEther Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall:The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.\nGemini to Open a Crypto Derivatives Platform Outside the U.S.:Gemini Foundation\'s first product will be a perpetual bitcoin contract, the company said late Friday.\nEthereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking:The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.', 'Bitcoin opened the week higher on Monday morning in Asia, but was boxed in below US$28,000 after a slide over the weekend. Ether and most other top 10 non-stablecoin cryptocurrencies edged up, but still logged losses for the last seven days from a correction that kicked in after recent rallies. XRP led the winners. U.S. equity futures fell in Asia ahead of a raft of first-quarter earnings from major U.S. corporations in the week ahead, with one forecast predicting an overall decline in the numbers. See related article: Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000? Fast facts Bitcoin edged up 0.97% to US$27,805 in the 24 hours to 9:00 a.m. in Hong Kong, but held a weekly loss of 6.90%, according to CoinMarketCap data . The world\x92s largest cryptocurrency dropped to $27,169 on Saturday, the lowest since March 24. However the token is still up 65% from the start of the year. Bitcoin\x92s price surge this year has prompted some profit taking, Kasper Vandeloock, chief executive officer of quantitative trading firm Musca Capital , said in an interview. He added that he expects more downward pressure on Bitcoin\x92s price because the U.S. government plans to sell its holding of 41,490 Bitcoin (US$1.1 billion) this year. Bitcoin will need to find buying support at US$27,500 to weaken the downtrend, according to John Isige, analyst at crypto trading platform Vauld . Ether moved up 1.05% to US$1,876, but like many other top 10 tokens is on a losing streak for the seven days, down 9.94%. The second largest cryptocurrency has lost most of its gains since April 12, when the Ethereum blockchain completed the Shanghai hard fork . XRP led the winners, rising 3.48% to US$0.4823, but also down 5.84% for the week. The total crypto market capitalization edged up 0.16% in the past 24 hours to US$1.17 trillion. The total trading volume over the last 24 hours dipped 6.30% to US$29.41 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.74% to 3,786.45 in the 24 hours to 9:00 a.m. in Hong Kong, down 6.47% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The hype for low-market-cap meme coins and NFTs, following the stagnation in larger NFT communities such as Bored Ape Yacht Club, has kicked off new price patterns in cryptocurrencies and NFTs, adding to volatility, said Yohann Calpu , an analyst at Forkast Labs . U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average and the S&P 500 futures both fell 0.26%. The Nasdaq Composite Index dropped 0.28%. The three indexes edged up on Friday, but closed the week lower on a mixed outlook for the U.S. economy. U.S. business activities in April were expanding at the fastest pace in 11 months, according to a report by S&P Global Inc. on Friday, but other economic data last week pointed to a slowdown in the labor market , retail sales and manufacturing .\xa0U.S. first quarter gross domestic product is released on April 27, and will be another indicator of the state of the world\x92s biggest economy. Amid this mixed picture, more than one third of S&P 500 companies will release first quarter earnings this week, including Microsoft, Alphabet and Amazon. Financial data services provider Refinitiv expects year-on-year earnings of S&P 500 companies in the first quarter to drop 4.7%, according to a report released on Friday. Adding yet more to this confused brew, several Federal Reserve officials last week said they envisioned more interest rate hikes in 2023 as they aren\x92t convinced inflation is under control, which raised concerns about a hard landing and possible recession for the U.S. economy. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group now see a 10.9% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 89.1% predict a 25-basis-point increase, up from 82.1% on Friday. See related article: Bitcoin mining difficulty rises 1.7% to record high, hashrate jumps', 'Bitcoin opened the week higher on Monday morning in Asia, but was boxed in below US$28,000 after a slide over the weekend. Ether and most other top 10 non-stablecoin cryptocurrencies edged up, but still logged losses for the last seven days from a correction that kicked in after recent rallies. XRP led the winners. U.S. equity futures fell in Asia ahead of a raft of first-quarter earnings from major U.S. corporations in the week ahead, with one forecast predicting an overall decline in the numbers.\nSee related article:Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000?\n• Bitcoin edged up 0.97% to US$27,805 in the 24 hours to 9:00 a.m. in Hong Kong, but held a weekly loss of 6.90%, according toCoinMarketCap data. The world’s largest cryptocurrency dropped to $27,169 on Saturday, the lowest since March 24. However the token is still up 65% from the start of the year.\n• Bitcoin’s price surge this year has prompted some profit taking, Kasper Vandeloock, chief executive officer of quantitative trading firmMusca Capital, said in an interview. He added that he expects more downward pressure on Bitcoin’s price because the U.S. government plans to sell its holding of 41,490 Bitcoin (US$1.1 billion) this year.\n• Bitcoin will need to find buying support at US$27,500 to weaken the downtrend, according to John Isige, analyst at crypto trading platformVauld.\n• Ether moved up 1.05% to US$ Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,836,170,531 - Hash Rate: 341432463.6274834 - Transaction Count: 360173.0 - Unique Addresses: 634746.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: As investors look for cryptos to buy with the Bitcoin ( BTC-USD ) halving on the horizon, some under-the-radar names are well-positioned to provide outsized gains this year. Despite other growth names slowing down, the sustained crypto rally has made some investors believe that a new crypto bull market might have already started. However, with the backdrop of a banking crisis, high interest rates, and a possible recession, I believe it will take a lot more time before the crypto market reaches a new all-time high. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rate cuts are likely later this year, and the halving event early next year will translate into a substantial upside. By finding the right cryptos to buy, your portfolio will be set to capitalize on such a rally. Investors can even invest directly into pre-made portfolios or tokenized funds offered by companies such as Velvet.Capital with high returns. Or they can use trading bots on exchanges like Binance or KuCoin . For example, Velvet offers flexible architecture, tokenization module and integrations with all major DeFi primitives including AMMs, liquidity aggregators, lending protocols, staking pools and other yield farming options. But if you’re looking specifically for individual projects with high upside potential, these are the three cryptos to buy: RNDR-USD Render Token $2.03 MATIC-USD Polygon $1.16 ( ETH-USD Ethereum $ 2,075.81 Render Token (RNDR) A concept image of the world with different crypto icons. Source: Shutterstock Render Token ( RNDR-USD ) is a token that is used to rent GPU rendering power on the Render network. The token is also a reward for users who lease their GPU computing power to the network. Essentially, the network pools all the GPU power from users worldwide and then resells that power to individuals and institutions that need to render digital art, movies, documentaries, motion graphics, or anything that requires GPU power. I believe this project is an efficient way to speed up the rendering process for those who can’t afford expensive GPUs, and it is also quite cheap. Story continues There are growing sectors with huge demand for rendering power, such as artificial intelligence, cloud computing, the metaverse, and rising interest in digital art. These trends will act as tailwinds for the Render Token in the long run. AI and cloud computing are two of the hottest sectors right now. That should explain why RNDR is delivering much higher gains compared to the rest of the market. Polygon (MATIC) A phone, on top of a laptop keyboard, displaying the logo for Polygon. Polygon Price Predictions Source: sdx15 / Shutterstock.com Polygon ( MATIC-USD ) is a layer-2 project that runs on the Ethereum ( ETH-USD ) blockchain. It aims to solve the existing problems on the Ethereum blockchain, such as scalability and speed, using layer-2 solutions. Of course, there are lots of layer-2 projects on Ethereum right now. But what makes Polygon unique is its zkEVM support and the fast-growing gaming sector on the network. The zkEVM support will allow developers on Ethereum to use the Polygon layer-2 protocol without writing any new code. They can easily skip the high fees but with the added security of zero-knowledge technology. That’s different from the optimistic rollups with EVM support, as they have less security. Polygon is well-positioned to capitalize on Ethereum’s growth and could become an essential part of the Web 3.0 puzzle. Ethereum (ETH) Concept coins for Ethereum (ETH) and Ethereum Classic (ETC). Source: Shutterstock Ethereum is arguably the best crypto project out there. It leads the Web 3.0 space, as it supports various programming languages (through clients), tools, and standards for developing dapps. Ethereum also has the largest and the most diverse developer community in the crypto ecosystem, which gives it an edge over its competitors. One of the main strengths of Ethereum is its security and stability. Unlike some of its rivals, such as Solana ( SOL-USD ) or Avalanche ( AVAX-USD ), Ethereum has never experienced a major network outage or a catastrophic bug. Ethereum has also proven its resilience against attacks and hacks thanks to its large network of validators and developers. Still, some may point out that Ethereum has a scalability issue, as it can only process about 25 transactions per second on its base layer. However, this is not a problem for me, as Ethereum has many layer-2 solutions that can boost its performance and lower its costs. As I’ve explained earlier, Polygon is one of them, with a blazing-fast 7,200 TPS. That’s less than Solana’s but enough to meet the needs of the Ethereum network. Even Solana uses no more than ~4,000 TPS . Routine (such as Shapella) upgrades continue to add to the network’s security and efficiency. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Cryptos That Could Go Parabolic in 2023 appeared first on InvestorPlace .... - Reddit Posts (Sample): [['u/KingHunter150', 'I know this is a pedantic complaint, but I think it speaks volumes to the lackluster and anti player grind Lightkeeper is', 256, '2023-04-24 00:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/', 'So, to make the Ledex craft, you need essentially an academic journal textbook to "read" how to make them. Um okay, but you can only get it via a quest after what is an insane grind to Lightkeeper. But this lore reason makes no sense. We have the flea market, and a PC and even a bitcoin farm, and thus access to the internet. So why couldn\'t we access the knowledge one needs to make a Ledex craft via the infinite knowledge source that is the internet? It just feels so tacky and arbitrary—a clearly forced grind to gain access to an item. Now I know you can just get Ledex\'s by, you know, playing the game and finding them in raid and surviving. But the question then: what is the point of the craft? If you want to make it this arbitrarily hard and grindy to make Ledex\'s for a quest that you will most likely have already done, and where it is more efficient to just farm Ledexs for the trade-in where it doesn\'t matter if you die, why have this grindy convoluted quest chain that feels so anti-climatic?\n\nI don\'t understand the direction or purpose of the "end game" content being a no-life grind fest with rather lackluster rewards. It doesn\'t feel like a game, it feels like busywork, and it doesn\'t even make sense within the game\'s own lore. I hope Lightkeeper gets updated with more interesting mechanics, like being an in-person trader in the future like we all assumed he would be. I feel like it would be a lot cooler if you had to bring him a variety of valuable barter items and he gave you the item in question. That way you facilitate a map being also a trade point, and all the chaos and fighting would occur around that. As it stands, there isn\'t really a reason to camp the lighthouse either unless you\'re just griefing. If the idea was you could get valuable traded loot off people with access to Lightkeeper then at least the map would have a unique element to it that sets it apart from all the other maps.', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/', '12wsck5', [['u/Xnuclearwarhead', 18, '2023-04-24 00:40', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhg7t6w/', 'Super helpful, I bet people groan when you show up anywhere.', '12wsck5'], ['u/[deleted]', 275, '2023-04-24 00:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhg9xfy/', 'lightkeeper is grindy? he is hidden so far beyond the thickest wall of tedious tasks that i dont even bother to start fulfilling requirements to open him. i bet he doesnt exist for 99.99% of players', '12wsck5'], ['u/Xnuclearwarhead', 15, '2023-04-24 01:08', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgbjjf/', "Did you think about maybe not everyone spends their whole week on the EFT reddit? Ops post isn't whiney, it's a legit criticism.", '12wsck5'], ['u/[deleted]', 30, '2023-04-24 01:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgeyxt/', 'im 46 and im nowhere near him', '12wsck5'], ['u/doxjq', 66, '2023-04-24 01:47', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhggdw1/', 'I’m actually curious to know how many players have done it. It can’t be many surely. I would assume it was less than 0.1%', '12wsck5'], ['u/Kitteh_91', 24, '2023-04-24 02:07', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgiykl/', "the book required to craft a ledx can be found in raid, my friends found one on labs, and it can be found on lighthouse as well. The book is now just a reward similar to the other items people think is only obtainable from lightkeeper, like the item needed for intel lvl 3 can be found on labs and that other new 2x2 slot tech item. Lightkeeper's tasks at this point is just quests for those who are bored and need something else to do until he can actually be traded with.", '12wsck5'], ['u/TimSad', 11, '2023-04-24 02:18', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgk9pt/', 'What’s the point of being the way that you are?', '12wsck5'], ['u/Goyu', 10, '2023-04-24 02:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgkjsx/', "It's legit criticism. An intense grind should have some kind of meaningful reward, but most of the time the harder the grind the more useless and lackluster the reward. Making busywork that takes weeks to complete is not the solution to the end game problems that Tarkov has, it's just a way of making sure the playercount doesn't get too high.\n\nIt's ok to criticize the game kiddo, it's not perfect and little Nicky doesn't need your protection.\n\nNot gonna address the rest of what you said. It was too stupid.", '12wsck5'], ['u/SomeScientist', 103, '2023-04-24 02:45', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgno0t/', 'It’s so strange to me that we’re supposedly beta testing this game and yet this new stuff is so grindy to get to in the first place. You’d think they’d want more eyes on this new section of game play.', '12wsck5'], ['u/KingHunter150', 53, '2023-04-24 02:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgody0/', 'I feel from the answers people have given, either serious or from gate keeping no-lifers, is that this grind is somehow fun to them. It gives a reason for the streamers to stay around longer and the elitists something to work towards. My question though for BSG: why tailor your end game around giving purpose to a small part of your player base that will do anything if it gives them an excuse to play more. The end game content is surely more of a turn off to most players, especially when there is a wipe cycle. Furthermore, no streamers have done the Light Keeper tasks legitimately. They all cheesed it with their viewers. If the people that actually advertise your game complete the endgame by cheesing because its too ridiculous to them, I feel like that is a serious problem.', '12wsck5'], ['u/folie11', 23, '2023-04-24 03:13', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgr38v/', 'A useless "vendor" on Lighthouse hidden behind a bunch of tedious quests ( not like we\'re lacking those anyway ). He proves no purpose other than existing.', '12wsck5'], ['u/KingHunter150', 20, '2023-04-24 03:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgs49z/', "I mean from a purely purposeful meaning, video games aren't meant to provide that. Its just kinda sad if your reason to wake up is a videogame that gives you fake arbitrary challenges that make a 9-5 office job more appealing. Videogames for most people who have their purpose derived from life play videogames to have fun, of which challenging games are definitely a genre of fun. But this isn't that, this is a time sink, it is disrespectful of a player's time to actually play the game, unless your sole purpose for the day is derived from playing a videogame like a full-time job. As you can imagine that isn't a tenable situation, and for the small minority that has the ability to do that, that also isn't a tenable market to make money off of from BSG's perspective. It seems more like a poorly executed way to add longevity to a wipe when people drop off and get bored. And if your solution to making a ride last longer is increasing the waiting time in the line before you hop on, well thats just a shitty system and insulting to the time of the player. Make the game have longevity by being fun, not busywork.", '12wsck5'], ['u/KingHunter150', 14, '2023-04-24 03:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgsgyv/', "I did. My response was that is a sad and bad solution for the health of the game and anyone who actually enjoys this grind, IF the only reason they put up with this grind is that its one of the few or only avenues of purpose in their life. I am feeling sadness for fellow gamers if that is the state they're in, or the lunacy of BSG to try and exploit that demographic.", '12wsck5'], ['u/KingHunter150', 16, '2023-04-24 03:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgsksx/', 'Amazing response that encapsulates the problem lol', '12wsck5'], ['u/Uncle_Bobby_B_', 12, '2023-04-24 04:00', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgwvmy/', 'How am I coping lol', '12wsck5'], ['u/Representative-Dig16', 15, '2023-04-24 04:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgyvwa/', 'You are literally the people OP was referring to lol', '12wsck5'], ['u/KingHunter150', 13, '2023-04-24 04:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhgzcar/', "I know. Its amazing that the slightest criticism turned him into a gatekeeper revealing he derives purpose from a shitty game mechanic that he flaunts over others as a facade of elitism. I'm still half thinking he's just a brilliant troll, well for his sake.", '12wsck5'], ['u/Churu_', 13, '2023-04-24 07:18', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhhi53/', 'This will probably never happen. They have too many optimization issues with each individual map that merging them would be a disaster', '12wsck5'], ['u/KingHunter150', 10, '2023-04-24 07:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhi2ic/', "Are you sure you replied to the right person? The person I'm arguing with has done the following: stated the grind of the game is a form of purpose to his life (which is objectively sad); immediately became a gatekeeper calling me a shitty noob that wants the game to be easier; and is actually the one flaunting a perverse sense of elitism that he has already beaten the wipe in 2 months and that because I didn't no-life the wipe in a month its my fault and I'm bad. \n\nIf being a normal human with a life that is frustrated by a shitty grindy mechanic, and is also sincerely concerned at the state of health of some of the Tarkov players, makes me an elitist snob, then I guess I'm fucking Rockefeller.", '12wsck5'], ['u/[deleted]', 10, '2023-04-24 09:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhht2di/', "Reading through the comment history of u/Txfinfamous, you can see he generally doesn't get much out of his [brain](https://www.reddit.com/user/Txfinfamous/comments/).", '12wsck5'], ['u/Highway0311', 10, '2023-04-24 10:48', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhwvah/', 'Light keeper is easier than Kappa. So there’s that.', '12wsck5'], ['u/coinlockerchild', 13, '2023-04-24 11:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhhzsgt/', "just because you're level 42 doesn't mean you'll bother to do any of these tasks, complete waste of time for 0 gain", '12wsck5'], ['u/[deleted]', 15, '2023-04-24 11:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhi0fur/', 'im glad for you and i hope you will be as vigorous and enthusiastic as now after 6', '12wsck5'], ['u/Key-Pomegranate159', 15, '2023-04-24 12:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhi47gh/', 'wipes, obiously.\noh god either people are extra pedantic on the internet or extra dumb to get stuff contextually.', '12wsck5'], ['u/I_am_Potatoe', 29, '2023-04-24 13:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhi7r5r/', 'I guess 1% of the Playerbase will access him and 100% will be dissapointed about it', '12wsck5'], ['u/Austin304', 13, '2023-04-24 14:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhie38k/', 'He only exists for me because I snipe fat boys who run over and loot his island because BSG in their infinite wisdom decided to make his island a loot haven that 99% of the playerbase can’t access.\n\nSo I camp the bridge and snipe the loot goblins running across it. If I can’t access the quest line I’m not afraid of losing access to his island', '12wsck5'], ['u/Jsmity12', 15, '2023-04-24 16:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/12wsck5/i_know_this_is_a_pedantic_complaint_but_i_think/jhir2lh/', 'I bet more than half of that 1% will cheese it as well. 20 player kills in a location of a map that you can’t even go to is a horrible quest. And that’s just one of many.', '12wsck5']]], ['u/biffbobfred', 'A Closer Look at Bitcoin’s Rally Suggests the Depth of Demand Is Deceptive', 161, '2023-04-24 03:21', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/', 'Is anything not deceptive when it comes to BTC?', 'https://www.bloomberg.com/news/articles/2023-04-21/a-closer-look-at-bitcoin-s-btc-rally-suggests-the-depth-of-demand-is-deceptive', '12wxvaf', [['u/biffbobfred', 31, '2023-04-24 03:22', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhgs97k/', 'Non-paywall: http://archive.today/2023.04.21-182504/https://www.bloomberg.com/news/articles/2023-04-21/a-closer-look-at-bitcoin-s-btc-rally-suggests-the-depth-of-demand-is-deceptive', '12wxvaf'], ['u/Randsmagicpipe', 21, '2023-04-24 04:27', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh028y/', 'The analytical part of me wants to examine it, but I know it has no content -Oscar Nunez', '12wxvaf'], ['u/Realistic-Plant3957', 47, '2023-04-24 04:48', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh2je2/', 'tldr\n\nCrypto trading volumes seem to have surged last quarter as token prices spiked higher.\nBut looking at the data more closely paints a different picture.\nWhen looking at overall trends, Bitcoin trade volumes seem to have spiked, with two trading pairs standing out during that stretch — Bitcoin-Tether and Bitcoin-BUSD, a relatively little-known stablecoin trading on the Binance platform that has since halted issuance, according to crypto market data provider Kaiko.\nDuring that time, regulators cracked down on the industry with a number of lawsuits and actions.\n“Price swings are always more volatile in less-liquid markets,” said Chris Gaffney, president of world markets at TIAA Bank.\nLast quarter, that number fell to 475 million.', '12wxvaf'], ['u/ComradeSnuggles', 12, '2023-04-24 05:09', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh4v94/', '> "...crypto interest for now is concentrated in the more sophisticated market segments.."\n\nHmm...', '12wxvaf'], ['u/GunterWatanabe', 105, '2023-04-24 05:25', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh6mp4/', 'Nooo! Really? Who could possibly have guessed, it’s only been a decade of blatant wash trading by every single exchange. There have only been a few dozen academic studies indicating 85%+ of the market is fake. Who knew?', '12wxvaf'], ['u/ComradeSnuggles', 32, '2023-04-24 05:26', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh6q1j/', 'Part of crypto\'s self-mythologizing is to present gambling on crypto as being a "sophisticated" investment. Contrary to the point in the article, "wait and see" is the more sophisticated view here. Calling risky behavior "sophisticated" is a financial cliche, but in this case it\'s also just so transparently silly that it made me laugh.', '12wxvaf'], ['u/SemiCurrentGuy', 19, '2023-04-24 05:41', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhh8aee/', "I've said at least a couple of times here that low volume is pretty telling throughout the obviously fake pump from $20k to $30k, and yet I've had people telling me I was wrong to use that as an indicator of anything substantive. Even buttcoiners are not immune to such hubris apparently. But the numbers pretty clearly do not lie - it may be a matter of time but crypto's end might just be on the horizon.", '12wxvaf'], ['u/slant__i', 25, '2023-04-24 07:43', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhjll2/', 'Few', '12wxvaf'], ['u/greyenlightenment', 22, '2023-04-24 10:26', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhvfup/', 'bitcoin fixes this. of course', '12wxvaf'], ['u/greyenlightenment', 13, '2023-04-24 10:28', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhvk40/', ' tether is glue holding this market together', '12wxvaf'], ['u/Great-Environment253', 10, '2023-04-24 10:40', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhwcr6/', 'So if tether goes away the rest of this market goes down ?', '12wxvaf'], ['u/Jankylad', 10, '2023-04-24 11:34', 'https://www.reddit.com/r/Buttcoin/comments/12wxvaf/a_closer_look_at_bitcoins_rally_suggests_the/jhhzvdv/', 'Wanna attempt to speculate who or what organization are consistently giving Tether one billion USD? Why would you send a billion dollars to a shady off-shore stablecoin issuer that have never done a proper audit, was caught lying about their backing, is ran by a small group of people that still claim they consistently manage a massive portfolio with extremely suspicious consistency no matter the market swings and with half of their coins issued on fucking TRON?', '12wxvaf']]], ['u/slvbtc', 'Bitcoin is disrupting traditional offshore wealth protection and asset protection systems.', 44, '2023-04-24 04:40', 'https://www.reddit.com/r/Bitcoin/comments/12x03g5/bitcoin_is_disrupting_traditional_offshore_wealth/', 'The wealthiest 0.1% of people spend months on end and hundreds of thousands of dollars in legal fees to set up offshore trusts, holding companies, LLCs and offshore bank accounts managed by foreign law firms and accountants just so they can hold their wealth in a manner that is not subject to the jurisdictional laws of their home country in order to protect their wealth from creditors.\n\nThey could achieve exactly the same outcome for free just by moving their wealth into bitcoin and holding that bitcoin in cold storage, because self custodied bitcoin is just as out of reach of a court as an offshore trust. A court has no access to an offshore trust just the same as a court has no access to self custodied bitcoin simply because there is no 3rd party custodian that can be forced to hand over your assets upon request.\n\nThe only reason people still go to the trouble of setting up and managing offshore trusts is so they can hold their wealth in dollars. Bitcoin is not yet as desirable due to its volatile nature and uncertain future, but how much longer can that last? Once bitcoin has garnered more certainty, more stability and more legitimacy as an asset class while we see the dollar continue to lose purchasing power there has to come a point where using bitcoin to protect wealth becomes a far better option than using an offshore trust.\n\nThis means at some point within this decade we will likely see all of the worlds wealth that is currently held in offshore trusts flow into bitcoin as a superior form of wealth protection. It is estimated that 10% of global GDP is held offshore, that is an astonishingly large percentage of global wealth that will leave traditional offshore structures and move into bitcoin. This alone will leave bitcoin with a larger market cap than gold and likely see bitcoin rise above $1 million per coin.\n\nOffshore trusts, offshore LLCs, offshore bank accounts and offshore accounting firms are going to look like blockbuster by 2030, they are trying to charge a ton of money for a service that bitcoin provides for free. \n\nBitcoin isnt just disrupting central banks, commercial banks, western union and SWIFT, it is disrupting the age old traditional system of offshore wealth protection and asset protection.\n\nBy 2030 wealth protection will be entirely digital and entirely decentralized.', 'https://www.reddit.com/r/Bitcoin/comments/12x03g5/bitcoin_is_disrupting_traditional_offshore_wealth/', '12x03g5', [['u/Think_Operation310', 11, '2023-04-24 08:59', 'https://www.reddit.com/r/Bitcoin/comments/12x03g5/bitcoin_is_disrupting_traditional_offshore_wealth/jhhpg01/', 'What Bitcoin?', '12x03g5']]], ['u/Weedtardz', 'Troika executive officers and board of directors', 50, '2023-04-24 05:15', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/', 'I’m no financial advisor just a pothead that is catching onto web3 early development because I missed out on bitcoin cause I was going high in the backseat of my pick up during that time. \n\nSpent the last few days reviewing the troika filings off Edgar. Gotta say, I’m impressed with how troika has turned its management around. From what I see, troika previous management team was toxic. Plenty of grievances because of multiple acquisitions that weren’t profitable at all. Converge was that golden unicorn that got troika to where it is today. \n\nAnyways, this is probably why troika management had to go through shakeup—clean house and bring in Jefferies to clean house for the toxic debt with blue torch. \n\n\nNew team I love them. I don’t see Troika going bankrupt nor delisted. Not a financial advisor just my high guess:\n\n\nErica Naidrich CFO - she was the controller and VP of accounting for MSG Madison square garden entertainment corp. they hired on a CFO that understands this industry. Not some random CFO with the right credentials. \n\nThomas Ochocki - he’s on the board of directors. Why? Because he represents the Coates’ families equity interest. \n\nWendy Parker - British lawyer. My guess, having her on board to look after the Coates’ financial interest. You think Peter Coates founder of bet365 would want a reverse split? I doubt it.\n\nMartin Pompadur - this guy has been with ABC for nearly 20 years. We got a mainstream media guy on troikas board of directors as a private investor and senior advisor slash consultant.\n\nI could go on and go. For the meantime, for me, the strong interest by the Brits: Coates family. Jefferies, my boi with an incredible track record on Wall Street for putting together deals that must say can the done…IMO this ain’t going for reverse split nor delisting. Too much at stake. Especially since troika is turn around company.\n\nLet’s see what happens I’m open to being wrong. But I’m also high AF. Love you guys let’s get it 💎🙌🏻🚀🍃🍃🍃🍃💨', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/', '12x144n', [['u/Weedtardz', 11, '2023-04-24 05:28', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh6xvj/', 'jello, im stupid. sigh, im not a real investor. could you wire me some money? please?\n\n"If you decide to post anything legitimate, then we can talk" - who the fuck is talking to you? LMFAO. Who do you think you are? LMAO\n\n"If you decide to post anything legitimate, then we can talk" - who\'s we?\n\n\n\nTellng me to stfu so rude and insulting. BUT YOU CARE ABOUT ME!!? massive confusion. no more replying to you paid fud!', '12x144n'], ['u/Weedtardz', 14, '2023-04-24 05:38', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh80u8/', 'Who said you could talk? Shut your fucking mouth. In fact, get on your fucking knees.\n\nNow. Did you hear me? Get on your fucking knees and suck Mariner off. Now grab jutty with your left and jerk the other FUD friend of yours with the right\n\nGet. On. Your. Fucking. Knees.\n\nPray to the lord for forgiveness for your sins to hurt middle class retail investor because you got a position shorting troika.', '12x144n'], ['u/ApatheticOblivion', 10, '2023-04-24 05:44', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh8k7m/', '😭 get his ass weed', '12x144n'], ['u/Weedtardz', 10, '2023-04-24 05:44', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh8llm/', 'nice try. FUD. Fear, uncertainty and doubt.\n\nI love the stonk. I love troika. I love the board of directors. I love Coates family. I love Jefferies capital on a penny stock.\n\nWho the fuck are you? Wait, if I love and am confident in troika…….how is that spreading fear, uncertainty and doubt? If it’s to my self interest to see troika succeed?\n\nDo you fuds even know how to define English words properly? 🤣', '12x144n'], ['u/riskit4thebisket', 22, '2023-04-24 05:52', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhh9dzb/', 'It’s all there in the filings if you look 👀\n\nJust gotta tough out the FUD and NDA silence 💪\n\nStrong company, good people, big money 💎', '12x144n'], ['u/PJleo48', 11, '2023-04-24 12:22', 'https://www.reddit.com/r/TRKA/comments/12x144n/troika_executive_officers_and_board_of_directors/jhi3abu/', "Can't wait to see what happens this week anything. They really took it right down to the wire this will be a classic move if some great news is released trapping the shorts and making share price skyrocket. If it's just a reverse then an offering it will be disappointing to say the least. I will think less if Jefferies forever and will just hold Trokia For the organic turn around that will comes throughout the coming years. Hoping for option 1. Let's do this and prove alot of doubters wrong. 🚀 👨\u200d🚀 🚀 👨\u200d🚀 🚀", '12x144n']]], ['u/AutoModerator', '[Daily Discussion] - Monday, April 24, 2023', 35, '2023-04-24 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/', '12x2chk', [['u/Snaggletoothlover', 10, '2023-04-24 09:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhhrey4/', 'All hail the return of the eternal crab 🦀', '12x2chk'], ['u/PatientlyWaitingfy', 12, '2023-04-24 11:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhhxqfu/', "We're back to friday's close, weekends still fake", '12x2chk'], ['u/PatientlyWaitingfy', 10, '2023-04-24 13:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhi7qwj/', "For your sake I hope it goes up, I however do not understand your reasoning for entering a long with 100% of your stack with a liq at 26900. Right now we're a single wick from 26900.", '12x2chk'], ['u/venderil', 14, '2023-04-24 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhicnx2/', 'Everyone is trying to predict the most extreme shit just to get people to watch them.', '12x2chk'], ['u/st3alth247', 14, '2023-04-24 17:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhj4yfz/', "Wardser isn't a oracle. He's a trader that publish his moves and is often right but not always. No need to discredit his posts.", '12x2chk'], ['u/Jip1210', 11, '2023-04-24 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhj57x0/', 'Not directly BTC related, so mods feel free to remove this if you see fit, however, some insights on the possible demise of the USD as the global reserve currency \n\nhttps://unherd.com/2023/04/americas-empire-is-bankrupt/', '12x2chk'], ['u/52576078', 11, '2023-04-24 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhj7htt/', 'I welcome articles like this, and related discussion. Certainly beats rocket emojis.', '12x2chk'], ['u/PatientlyWaitingfy', 10, '2023-04-24 18:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjdd3x/', 'So two more weeks of longing?', '12x2chk'], ['u/Gravy_Vampire', 12, '2023-04-24 18:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjdsj2/', 'I vividly remember him using his now-deleted alt account in coin #2 sub to call for 70k BTC by July 4th of LAST YEAR like 2 months before the massive 3AC implosion/liquidation \n\nI don’t remember the timeline for the prediction of $100k ETH he made too, but I’m pretty sure it was supposed to happen by now or within the next year.\n\nSucks when someone just spews garbage all over the place and then deletes their trash so you can’t hold them accountable.', '12x2chk'], ['u/DaBrokenMeta', 18, '2023-04-24 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjgxj8/', 'Your daily reminder.\n\nDO NOT GET LIQUIDATED IN THESE RANGES! PLAY SMART, PLAY SAFE!! \n\nTurtles Win Races too!', '12x2chk'], ['u/S28E01_The_Sequel', 11, '2023-04-24 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12x2chk/daily_discussion_monday_april_24_2023/jhjgzkt/', "His strategy seems to be calling tops and bottoms every hour for weeks on end until it actually happens and he's down 75% from timing it wrong, so inevitably sure, you can call him right.", '12x2chk']]], ['u/rBitcoinMod', 'Daily Discussion, April 24, 2023', 35, '2023-04-24 08:03', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12vxuv1/daily_discussion_april_23_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/', '12x5cai', [['u/Dizzy_Space_Invader', 11, '2023-04-24 10:13', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhhujd2/', 'More dip = higher sat accumulation', '12x5cai'], ['u/vnielz', 12, '2023-04-24 13:14', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhi7irk/', 'So nice to witness 2 halvings in 5 years.', '12x5cai'], ['u/escodelrio', 10, '2023-04-24 15:06', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhij8nj/', "Historical Bitcoin prices for today, April 24th:\r \n\r \n2023 - $27,409\r \n2022 - $39,606\r \n2021 - $50,124\r \n2020 - $7,503\r \n2019 - $5,454\r \n2018 - $9,652\r \n2017 - $1,248\r \n2016 - $460\r \n2015 - $231\r \n2014 - $500\r \n2013 - $154\r \n2012 - $5.1\r \n2011 - $1.6\r \n\r \nBitcoin's average daily price from 07/18/2010 to 04/24/2023 is $8,980.30.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1650455143895138309).", '12x5cai'], ['u/Crypt0fart', 14, '2023-04-24 17:07', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhizwjo/', "Russia central bank is starting to mine bitcoin. If this isn't bullish I don't know what is.", '12x5cai'], ['u/Llonga', 12, '2023-04-24 19:22', 'https://www.reddit.com/r/Bitcoin/comments/12x5cai/daily_discussion_april_24_2023/jhjko8q/', 'Will probably spook some lettuce hands, but price doesn’t determine bitcoins strength.', '12x5cai']]], ['u/freeworld15', 'BTCC 2023 - Round 1 - Donnington Park', 41, '2023-04-24 09:09', 'https://www.reddit.com/r/MotorsportsReplays/comments/12x6x06/btcc_2023_round_1_donnington_park/', 'BTCC is back!\n\nWith many thanks to the folks over at ITV!\n\nQualifying is also now available too!\n\nQualifying - 720p\n\nFull day - 1080p\n\nAs always - the only things removed are the adverts...!\n\nQualifying is ready\n\nFull day is uploading and will appear in the same folder...\n\nEnjoy!\n\n[https://terabox.com/s/1kDhgaPWyVaL7V6l3ofIerQ](https://terabox.com/s/1kDhgaPWyVaL7V6l3ofIerQ)\n\nTorrent can also be found here... (hash)\n\n1A10F94B7041A70F8E2F2B3D8C4CCF8BF595C7E9', 'https://www.reddit.com/r/MotorsportsReplays/comments/12x6x06/btcc_2023_round_1_donnington_park/', '12x6x06', [['u/wirelessflyingcord', 11, '2023-04-24 13:52', 'https://www.reddit.com/r/MotorsportsReplays/comments/12x6x06/btcc_2023_round_1_donnington_park/jhib2wj/', '> Torrent can also be found here... (hash)\n> \n> 1A10F94B7041A70F8E2F2B3D8C4CCF8BF595C7E9\n\nmagnet:?xt=urn:btih:1A10F94B7041A70F8E2F2B3D8C4CCF8BF595C7E9\n\n(some clients do not understand it without)', '12x6x06']]], ['u/belfastjim', 'How many of you are genuinely all in?', 83, '2023-04-24 12:56', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/', 'And if not, what’s the split of your Bitcoin vs Fiat holdings?', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/', '12xbn3u', [['u/untouch10', 19, '2023-04-24 13:27', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhi8olw/', 'Its all my savings.', '12xbn3u'], ['u/BdayEvryDay', 94, '2023-04-24 13:29', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhi8who/', 'All my savings but I will never give up my 6-8 months fiat savings. I need that in cases of emergency. I have never sold a sat and do not plan to til I no longer can work.', '12xbn3u'], ['u/Relai_Alex', 95, '2023-04-24 13:37', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhi9o30/', "More than all in. I've changed my career to help the Bitcoin revolution even more.", '12xbn3u'], ['u/priapic_green_dildo', 13, '2023-04-24 13:47', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhiakxf/', 'his username [gives it away](https://relai.app) I guess', '12xbn3u'], ['u/decentralized_bass', 20, '2023-04-24 14:20', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhidzyg/', "over 100%, I have fiat debt but it's not worth paying it back right now.", '12xbn3u'], ['u/MiceAreTiny', 45, '2023-04-24 14:30', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhif4x9/', 'All in, in anything, is not solid investment. It screams uneducated yolo.', '12xbn3u'], ['u/Umpire_State_Bldg', 14, '2023-04-24 15:18', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhikty3/', 'WISDOM.', '12xbn3u'], ['u/azsxdcfvg', 10, '2023-04-24 15:49', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhioryi/', "if you're holding long enough you will be genuinely all in involuntarily", '12xbn3u'], ['u/Comfortable_Victory4', 14, '2023-04-24 17:59', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhj7rcf/', 'I was all in but accidentally lost my wallet on a boat trip.', '12xbn3u'], ['u/Possible-Magazine23', 20, '2023-04-24 18:18', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhjaqwh/', "Unpopular opinion - Never ever all in on one particular thing. I like Bitcoin a lot. But i won't all in.", '12xbn3u'], ['u/slimetoshinakamoto', 17, '2023-04-24 20:24', 'https://www.reddit.com/r/Bitcoin/comments/12xbn3u/how_many_of_you_are_genuinely_all_in/jhjuami/', 'To be honest.. that 6-12 month emergency fund can also be treated as a “dip” fund. BTC fell from $60k to $20k? Time to dump half of the emergency fund into Bitcoin. \n\nIf you had a 12 month emergency fund, now you’re back to a 6 month emergency fund. Still super safe. This is how I treat it. Outside of DCA’ing I’ll allocate money so I can buy the dip', '12xbn3u']]], ['u/eyemgae', "[Winner's Thread #89] I Feel Like a Million Dollars", 484, '2023-04-24 13:17', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/', 'Hi everyone! I\'m /u/eyemgae! I\'m a 26 year old father/husband who works in the Education Tech industry(sounds cooler? than my job really is) and I recently moved to Canada. I happened to be browsing reddit when I received the notification that I was picked and nearly jumped off the couch. I can\'t remember the last time I was picked for a drawing or "won" anything in general. I\'ve excitedly been explaining to people I know about r/MillionaireMakers and that I was picked.\n\nA little bit about me, I have a toddler and a wife who are my pride and joy. I get most of my enjoyment spending time with the two of them. I think my toddler is the funniest 3 year old I\'ve ever met and as I type this he\'s trying to convince me he\'s a witch, while holding a broom and wearing a witch\'s hat. I am thoroughly convinced. Some other things I enjoy are video games, D&D and 3d printing, although I\'m looking forward to the time where I can share these hobbies with my son.\n\nMost of the money donated will go into savings, which one day we\'d like to use for a down payment on a house. I\'ll also be using the money to buy summer clothes for the fast growing toddler, who won\'t fit the same clothes from month to month and some items my wife needs for work as a personal support worker(gloves, masks, lotion, wipes, hand sanitizer, etc.) \n\nThank you so much to anyone who donates no matter the amount and good luck to everyone in the next drawing.\n\nEDIT: Hi everyone! I\'m amazed at how many people are donating. Never in a million years did I think that something like this would happen. \n\nSome people have asked for ways other than PayPal to donate fiat, so I\'ve created and added a link for ko-fi. \n\nThere are more comments than I\'m able to respond to so I\'ll add my thanks here. Thanks to everyone so far who has given congratulations and to those who have donated. I hope everyone has a wonderful start to their week!\n\nEDIT 2(4/27/23): Well folks as of today everyone has donated ~$2000 CAD, I\'ll tally up the exact amount later this week. I can\'t say how grateful I am to everyone who has donated. Unfortunately, I guess due to the unusual activity and amount of people donating to my PayPal account, my PayPal account has been permanently limited. I\'m unable to send or receive money. I\'m also unable to access the funds for 180 days in which PayPal will inform me if I\'m able to retrieve the money. I appreciate the kindness everyone has shown and just wanted to let you all know that you won\'t be able to send money via PayPal any more. I hope everyone has great week!\n\n===============================\n\nEverything listed should result in direct lines of payment to /u/eyemgae. We ask all users to donate at least $1 USD. The Drawing is also listed for users who want to see the results and confirm the validity of the winner.\n\nDrawing: https://www.reddit.com/r/millionairemakers/comments/12vvuf4/draw_89/\n\nPayPal: https://www.paypal.me/sheydizzle\n\nKo-Fi: ko-fi.com/sheydizzle\n\nBitcoin: bc1qdy4ckz9x62cwlakan5y77haxm4sty9n8yhk4uy\n\nBitcoin Cash: bitcoincash:qpst6j2gtv40hh42xmvy565xcqrvxh33tu5uc767ku\n\nEthereum: 0x802E73D6DaC76E119baDccc8D127391841c2b865\n\nLitecoin: LRxEzk7Zi6v8FC2h7KTZQe8ff81X1DkmrX', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/', '12xc585', [['u/phonkee', 55, '2023-04-24 13:26', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi8mkd/', 'Congratulations, 10€ sent to your paypal.', '12xc585'], ['u/eyemgae', 14, '2023-04-24 13:27', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi8obr/', 'Wow! Thank you so much!', '12xc585'], ['u/FCFBadKarma', 24, '2023-04-24 13:28', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi8srj/', 'Sent $6.47 CAD to ya! Congrats!', '12xc585'], ['u/matlem', 14, '2023-04-24 13:31', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi92vd/', 'Congrats! Hope it is life changing!', '12xc585'], ['u/alive_or_', 14, '2023-04-24 13:31', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi92z8/', 'congrats, good luck with parenting! throwing ~$4 CAD your way', '12xc585'], ['u/Dr_Tacopus', 13, '2023-04-24 13:38', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi9r0w/', '$1 LTC sent', '12xc585'], ['u/Deluxe_Flame', 123, '2023-04-24 13:38', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhi9r3u/', 'sent 50 bucks ($64.66 CAD). Best wishes man!', '12xc585'], ['u/TTChopper', 13, '2023-04-24 14:00', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhibzgu/', 'Congrats! $5 dollarydoos sent from Australia. Not sure what that works out as in Canadian pesos..', '12xc585'], ['u/eyemgae', 12, '2023-04-24 14:03', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhic7y5/', "I reckon it's enough to buy a jar of Vegemite! Much appreciated!", '12xc585'], ['u/GaryLittlemore', 10, '2023-04-24 14:05', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhich09/', 'Do you have a Dogecoin wallet address?', '12xc585'], ['u/softofferings', 20, '2023-04-24 15:29', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhim681/', "Congrats!\nI'm curious, do winners ever announce the amount they received? A down payment for a house sounds like way more money than I thought winners received!", '12xc585'], ['u/eyemgae', 22, '2023-04-24 15:32', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhimlw0/', "Thanks! Looking back at previous posts, it looks like people usually post the amount donated after a week. Usually around $1-2k. I don't expect to receive enough for a down payment on a house. What I meant to say is that most of what is donated will be put aside to go towards that goal.", '12xc585'], ['u/softofferings', 12, '2023-04-24 15:35', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhimyda/', "Oh that makes more sense :) \n\nAlso this is totally unrelated but I'm also 26 and can't imagine having a 3 year old, did y'all plan for him? Lmao", '12xc585'], ['u/eyemgae', 16, '2023-04-24 15:42', 'https://www.reddit.com/r/millionairemakers/comments/12xc585/winners_thread_89_i_feel_like_a_million_dollars/jhinw0l/', "Lol it's different for everyone and some people just don't ever imagine having kids(which I'm cool with), but we did plan to have him. I will say, id hoped to be in a better position financially before he was born, but plans didn't work out that way. Nonetheless, we're happy. \n\nIf you ever plan on having kids, be prepared for sleepless nights for at least a couple years lol. Don't listen to the people that tell you it's all cupcakes and rainbows.", '12xc585']]], ['u/Socialinfluencing', "Just because people hope to get rich doesn't mean they don't care about the tech.", 121, '2023-04-24 14:26', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/', "Everyone has a different reason for taking part in their crypto journey. Some believe it's the dawn of a new financial era while others seem to want to get rich and quit jobs or have more time to themselves or with their family.\n\nNone of these particular ideas are wrong or more valid than the other. Most people here believe in the tech to some degree otherwise nobody would be invested in it.\n\nPerhaps the two don't have to be mutually exclusive, food for thought. For instance everyone here is excited about Btc or even alt coins, because they see possibility. Whatever that possiblity is can be up for interpretation.\n\nThis is the reason many Dca. Long story short, this is all so new that what may seem ridiculous to you may be a project that someone else believes has a future. So take it easy on new people, at least they're interested and are playing their part in helping the space grow one way or another by engaging with various ecosystems.", 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/', '12xdyly', [['u/kazwetcoffee', 31, '2023-04-24 14:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhiew9s/', "I want to get so rich I don't have to say 'I care about the tech' anymore.", '12xdyly'], ['u/Iangunn15', 31, '2023-04-24 14:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhifuem/', 'Just the same as traditional markets. You can like a company and its product but still want to make money off the stock. Even the people who are "in it only for the tech" dont want to lose money, they want to make money despite their proclamations.', '12xdyly'], ['u/Killertimme', 18, '2023-04-24 14:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhigiy1/', 'I just want to have "fuck you money" so I can say that I dont care about money anymore.', '12xdyly'], ['u/Yautja69', 11, '2023-04-24 15:52', 'https://www.reddit.com/r/CryptoCurrency/comments/12xdyly/just_because_people_hope_to_get_rich_doesnt_mean/jhip6iv/', 'I just want to buy Beef Jerky without having to look at the price', '12xdyly']]], ['u/wpeironnet', 'If you’ve ever sent a large amount of money with a bank you understand why Bitcoin is needed', 682, '2023-04-24 14:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12xebb6/if_youve_ever_sent_a_large_amount_of_money_with_a/', 'The other day I resold one of my cars and used that money to pay off the loan I had in it. I would consider it a “large” amount to send at once, around $30,000. But I’m sure the difficulty I went through is 10 fold when sending something like a million dollars.\n\nFirst the person paying me wire transferred me the money. And the bank, even though I informed them of this transaction and they expected it, declined the payment. They said this was because you can’t transfer in more money then the cost of your loan? Whatever that means. Made no sense to me.\n\nSo then after dealing with that for a week the buyer and I agreed a cashiers check would work. (They can’t bounce since it’s literally confirmed they are taking the money out when they write it.) Which still took an entire extra day to drive and meet up and process and then to hand over the car.\n\nIf he had paid in bitcoin, or if I had sent 1000 dollars or 10 millions dollars. Bitcoin would be fast and cheaper.\n\nNo middle made chipping away at the money someone is trying to give away to another person. People call bitcoin slow but waiting 5-15 minutes is nothing compared to the hell week I just had to wait through. Bitcoin IS faster, we’re not talking about venmo here we’re talking about real, large, banking transactions. Bitcoin is faster. It’s cheaper. It’s the best method to send and receive and store money and that is why people like it. That’s what gives it value. And that is why almost everyone in crypto has some.', 'https://www.reddit.com/r/CryptoCurrency/comments/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- Countries including China and Iran are deploying digital repression more frequently to target dissent both at home and beyond their borders, the top US intelligence official said, raising the alarm about the erosion of democratic norms worldwide. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin Invasive spyware, disinformation and other technological tools pose a grave threat to US national security, Director of National Intelligence Avril Haines said Monday. Even worse, she added, artificial intelligence can enable regimes to head off efforts to counter them. “The use of these technologies and methods to monitor and limit dissent are on a trajectory to become even more pervasive, targeted and complex,” Haines said at the Carnegie Endowment for International Peace in Washington. “We’re seeing more and more instances of other countries engaging in digital repression and their adoption of these approaches is, in turn, contributing to further democratic erosion,” she said. US Charges 44 Over Chinese Harassment of Dissidents Overseas Haines singled out Russia for passing laws that censored opposition to its invasion of Ukraine and imprisoning people who spread so-called “fake news.” Iran and China, she said, had curtailed digital speech, both domestically and elsewhere. China is “the world’s leading perpetrator of transnational repression,” Haines said. She pointed to a recent indictment against four dozen Chinese officials for allegedly harassing Chinese citizens in the US. Chinese embassy spokesman Liu Pengyu rejected Haines’s characterization and said the country abides by international law. Story continues “China firmly opposes the US’s slanders and smears, its political manipulation, the false narrative of ‘transnational repression,”’ Liu said in a statement. “The US abuse of judicial and law enforcement means against the Chinese citizens is the real ‘transnational repression,’ bringing further damage to the mutual trust between the two countries and bilateral cooperation in the relevant fields.” Haines warned of the rising practice of governments cutting off Internet access, which she said had happened more than 180 times across 35 countries last year. The US intelligence community has seen a record number of governments block websites with political, social or religious content. Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', '(Bloomberg) -- Countries including China and Iran are deploying digital repression more frequently to target dissent both at home and beyond their borders, the top US intelligence official said, raising the alarm about the erosion of democratic norms worldwide.\nMost Read from Bloomberg\n• Tesla Drops Model Y Starting Price Below the Average US Vehicle\n• Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy\n• US Economic Growth Slows to 1.1% While Inflation Accelerates\n• ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War\n• Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin\nInvasive spyware, disinformation and other technological tools pose a grave threat to US national security, Director of National Intelligence Avril Haines said Monday. Even worse, she added, artificial intelligence can enable regimes to head off efforts to counter them.\n“The use of these technologies and methods to monitor and limit dissent are on a trajectory to become even more pervasive, targeted and complex,” Haines said at the Carnegie Endowment for International Peace in Washington.\n“We’re seeing more and more instances of other countries engaging in digital repression and their adoption of these approaches is, in turn, contributing to further democratic erosion,” she said.\nUS Charges 44 Over Chinese Harassment of Dissidents Overseas\nHaines singled out Russia for passing laws that censored opposition to its invasion of Ukraine and imprisoning people who spread so-called “fake news.” Iran and China, she said, had curtailed digital speech, both domestically and elsewhere.\nChina is “the world’s leading perpetrator of transnational repression,” Haines said. She pointed to a recent indictment against four dozen Chinese officials for allegedly harassing Chinese citizens in the US.\nChinese embassy spokesman Liu Pengyu rejected Haines’s characterization and said the country abides by international law.\n“China firmly opposes the US’s slanders and smears, its political manipulation, the false narrative of ‘transnational repression,”’ Liu said in a statement. “The US abuse of judicial and law enforcement means against the Chinese citizens is the real ‘transnational repression,’ bringing further damage to the mutual trust between the two countries and bilateral cooperation in the relevant fields.”\nHaines warned of the rising practice of governments cutting off Internet access, which she said had happened more than 180 times across 35 countries last year. The US intelligence community has seen a record number of governments block websites with political, social or religious content.\nMost Read from Bloomberg Businessweek\n• A Tax Loophole Makes EV Leasing a No-Brainer in the US\n• At Charles Schwab, Being a Big Bank Has Become a Big Problem\n• Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About\n• Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins\n• Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies\n©2023 Bloomberg L.P.', 'Cryptocurrency exchange Coinbase took action against the Securities and Exchange Commission (SEC) late Monday, asking a federal court to compel the agency to respond to its demand for clearer crypto regulations. The exchange sent the SEC its so-called “ petition for rulemaking ” last July, and asked the regulator to propose and adopt rules for digital assets securities. It also sought answers to 50 specific questions that would provide “clarity and certainty regarding the regulatory treatment of digital asset securities." Some of the questions center on the SEC’s methodology for classifying certain tokens as securities, while others focus on topics like asset custody and trading crypto asset securities on SEC-regulated exchanges. Under the law, the SEC is required to address Coinbase’s petition within a “reasonable” amount of time, a person familiar with the situation told Decrypt , alluding to the Administrative Procedure Act . They said that, from Coinbase’s point of view, a reasonable amount of time has passed after nine months with no response. Coinbase Is Backing Ripple Against the SEC Responding to the questions and creating new rules related to digital asset securities would be beneficial for the health of U.S. capital markets, the petition argued. “The U.S. does not currently have a functioning market in digital asset securities due to the lack of a clear and workable regulatory regime,” it stated. “New rules facilitating the use of digital asset securities would allow for a more efficient and effective allocation of capital in financial markets.” Should it ultimately respond to the petition, the financial watchdog could say that it does not believe new rules are necessary, echoing comments made by SEC Chairman Gary Gensler. During a congressional hearing last month, Gensler said “ regulations actually already exist ” for crypto to be managed effectively under securities laws. But if the SEC’s response to Coinbase’s petition is not to create new rules, then the company would have the opportunity to challenge the SEC in court, the source said. And, according to the source, until the company gets a response from the SEC, the exchange’s push for regulatory clarity is effectively on ice. Story continues Coinbase Chief Legal Officer Paul Grewal wrote in a blog post that Coinbase is not asking the court to tell the SEC how to respond. "We are simply requesting that the Court order the SEC to respond at all, which they are legally obligated to do," he said. "It’s important for the SEC and any other agency petitioned for rulemaking to respond to the petition once the agency has made up its mind, especially if the answer is no," Grewal continued. "Otherwise, the public can never exercise its right to ask a court if the agency’s decision was proper." Coinbase Backs Grayscale’s Bitcoin ETF Lawsuit Against SEC The petition was filed on the same day that the SEC claimed nine tokens available on Coinbase were unregistered securities, listed in an insider trading lawsuit brought against a former Coinbase product manager, Ishan Wahi, and two others. The exchange’s challenge comes amid a regulatory crackdown in the U.S., where agencies like the SEC and the Commodity Futures Trading Commission (CFTC) have stepped up their scrutiny of digital assets firms so far this year. The cryptocurrency exchange Kraken reached a settlement with the SEC in February over its staking-as-a-service program, which the agency alleged was offered to investors in violation of securities laws. Kraken was hit with a $30 million fine and agreed to cease the service for clients in the U.S. as part of its settlement. But Kraken—which consists of Payward Ventures, Inc. and Payward Trading Ltd.—did not admit to or deny the SEC’s allegations. Coinbase signaled its staking products could also come under regulatory pressure after the company disclosed it had received a Wells Notice last month. The notice claimed the company’s staking products are unregistered securities. It referenced aspects of the exchange and the firm’s Coinbase Wallet product as well. Coinbase Is Speeding Up Plans to Expand Outside the US Last year, the company lost $2.6 billion compared to a profit of $3.6 billion in 2021, as the exchange’s pandemic-era boom gave way to crypto winter. And Coinbase has explored avenues to diversify its revenue away from a reliance on trading fees, as retail traders wrestle with high inflation and the brunt of higher interest rates. Analysts at JPMorgan have expressed bullish sentiments regarding the firm’s embrace of services, specifically staking. But the Wall Street titan’s tone wavered in the wake of Kraken’s settlement, warning that regulatory actions could put the feasibility of Coinbase’s shift at risk, in areas including staking and custody. Coinbase is set to report earnings for its first fiscal quarter of this year on May 4. And as the only publicly-traded exchange in the U.S., analysts will likely use it as an opportunity to take the temperature of the digital assets industry, keen to know if an uptick in prices has coincided with retail traders returning to the platform—and to what extent.', 'Cryptocurrency exchange Coinbase took action against the Securities and Exchange Commission (SEC) late Monday, asking a federal court to compel the agency to respond to its demand for clearer crypto regulations.\nThe exchange sent the SEC its so-called “petition for rulemaking” last July, and asked the regulator to propose and adopt rules for digital assets securities. It also sought answers to 50 specific questions that would provide “clarity and certainty regarding the regulatory treatment of digital asset securities."\nSome of the questions center on the SEC’s methodology for classifying certain tokens as securities, while others focus on topics like asset custody and trading crypto asset securities on SEC-regulated exchanges.\nUnder the law, the SEC is required to address Coinbase’s petition within a “reasonable” amount of time, a person familiar with the situation toldDecrypt, alluding to theAdministrative Procedure Act. They said that, from Coinbase’s point of view, a reasonable amount of time has passed after nine months with no response.\nCoinbase Is Backing Ripple Against the SEC\nResponding to the questions and creating new rules related to digital asset securities would be beneficial for the health of U.S. capital markets, the petition argued.\n“The U.S. does not currently have a functioning market in digital asset securities due to the lack of a clear and workable regulatory regime,” it stated. “New rules facilitating the use of digital asset securities would allow for a more efficient and effective allocation of capital in financial markets.”\nShould it ultimately respond to the petition, the financial watchdog could say that it does not believe new rules are necessary, echoing comments made by SEC Chairman Gary Gensler. During a congressional hearing last month, Gensler said “regulations actually already exist” for crypto to be managed effectively under securities laws.\nBut if the SEC’s response to Coinbase’s petition is not to create new rules, then the company would have the opportunity to challenge the SEC in court, the source said. And, according to the source, until the company gets a response from the SEC, the exchange’s push for regulatory clarity is effectively on ice.\nCoinbase Chief Legal Officer Paul Grewal wrote in ablog postthat Coinbase is not asking the court to tell the SEC how to respond. "We are simply requesting that the Court order the SEC to respond at all, which they are legally obligated to do," he said.\n"It’s important for the SEC and any other agency petitioned for rulemaking to respond to the petition once the agency has made up its mind, especially if the answer is no," Grewal continued. "Otherwise, the public can never exercise its right to ask a court if the agency’s decision was proper."\nCoinbase Backs Grayscale’s Bitcoin ETF Lawsuit Against SEC\nThe petition was filed on the same day that the SEC claimed nine tokens available on Coinbase were unregistered securities, listed in an insider trading lawsuitbrought againsta former Coinbase product manager, Ishan Wahi, and two others.\nThe exchange’s challenge comes amid a regulatory crackdown in the U.S., where agencies like the SEC and the Commodity Futures Trading Commission (CFTC) have stepped up their scrutiny of digital assets firms so far this year.\nThe cryptocurrency exchange Kraken reached a settlement with the SEC in February over its staking-as-a-service program, which the agency alleged was offered to investors in violation of securities laws.\nKraken was hit with a$30 million fineand agreed to cease the service for clients in the U.S. as part of its settlement. But Kraken—which consists of Payward Ventures, Inc. and Payward Trading Ltd.—did not admit to or deny the SEC’s allegations.\nCoinbase signaled its staking products could also come under regulatory pressure after the company disclosed it hadreceived a Wells Noticelast month. The notice claimed the company’s staking products are unregistered securities. It referenced aspects of the exchange and the firm’s Coinbase Wallet product as well.\nCoinbase Is Speeding Up Plans to Expand Outside the US\nLast year, the company lost $2.6 billion compared to a profit of $3.6 billion in 2021, as the exchange’s pandemic-era boom gave way to crypto winter. And Coinbase has explored avenues to diversify its revenue away from a reliance on trading fees, as retail traders wrestle with high inflation and the brunt of higher interest rates.\nAnalysts at JPMorgan have expressedbullish sentimentsregarding the firm’s embrace of services, specifically staking. But the Wall Street titan’stone waveredin the wake of Kraken’s settlement, warning that regulatory actions could put the feasibility of Coinbase’s shift at risk, in areas including staking and custody.\nCoinbase is set to report earnings for its first fiscal quarter of this year on May 4. And as the only publicly-traded exchange in the U.S., analysts will likely use it as an opportunity to take the temperature of the digital assets industry, keen to know if an uptick in prices has coincided with retail traders returning to the platform—and to what extent.', 'The cryptocurrency market, known for its speculative nature, is experiencing renewed interest. The instability in the banking sector has questioned the reliability of our conventional financial systems. This has led to an increase in demand for non-traditional methods of the transaction as people seek safer alternatives. Thus, examining some of the leading speculative cryptos may prove to be a fruitful exercise for traders and those looking to play the momentum in this market.\nIt turns out that not all speculative cryptos are created equal. Sure, many projects have very iffy fundamentals. There may be little for investors to point to in terms of utility created by a given platform. These sorts of stories are what generally drive more conservative investors to other asset classes.\nThat said, there are some lower-volume, mid-cap projects I’d put in the speculative bucket that I think have excellent potential and relatively strong fundamentals. Here are three speculative cryptos that investors may want to consider, as the crypto market continues to churn higher.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"ICP-USD": "BAT-USD", "Internet Computer": "Basic Attention Token", "$": "$"}, {"ICP-USD": "FTM-USD", "Internet Computer": "Fantom", "$": "$"}]\nSource: Shutterstock\nDuring its launch in 2021, Internet Computer made bold assertions about its scalability, threateningEthereum(ETH-USD) and other layer-1 platforms. This competing layer-1 network initially soared on its debut, before falling to earth in a rather dramatic fashion.\nThus, many investors may not want to consider this token, which has gone from more than $400 per token in mid-2021 to around $5 apiece today. Arguably, this Web3 project, aimed at providing much of the infrastructure for a decentralized world computer, looks like a dud.\nHowever, there’s been some impressiveupward price actionwith ICP in recent months, despite the slump in the broader crypto market. Internet Computer has come back on the radar for some investors due toreportsthat the project plans to integrateBitcoin(BTC-USD) and Ethereum with the ICP network. According to the recently-released roadmap, these integrations will occur sometime this year. The incorporation of smart contract capabilities into these blockchains may lead investors to perceive ICP as a scalability solution for these leading blockchains.\nThe potential of Internet Computer to enable Bitcoin to be transmitted without private keys through smart contracts is an innovative concept that has piqued the interest of some investors. Furthermore, some are enthusiastic about the future of Internet computers in the multi-chain ecosystem. Indeed, there are several reasons investors may be excited about the prospects of ICP, particularly at these beaten down levels.\nSource: Stanslavs / Shutterstock\nIf you are interested in earning incentives for simply browsing the internet, exploringBasic Attention Token(BAT-USD) may be worthwhile. The token offers an innovative approach to earning rewards via theBrave browser, created by the company responsible for developing BAT. With Brave’s feature that replaces conventional internet advertisements with BAT-awarding ads, users can earn rewards while surfing the web.\nThe Brave browser provides a distinct method of earning rewards using the token. Through Brave’s replacement of traditional internet ads with BAT-rewarding ads, users can earn while they surf. This sort of model is immediately appealing to anyone who spends multiple hours on the computer on a given day.\nDespite being behind significant web browsers in popularity, Brave has already gained over 50 million monthly active users, proving to be one of the most successful cryptocurrency projects.\nAdditionally,BAT is not just any other cryptocurrency. It represents a groundbreaking technology that has the potential to revolutionize online advertising. The technology can create a more effective and fair ecosystem by giving users greater control over their browsing experience and removing intermediaries. Thus, this is certainly one of the more speculative cryptos I’ve got on my radar. If the project’s overall fundamentals continue to show growth, BAT could turn out to be a screaming buy at current levels.\nSource: shutterstock.com/ARTEMENKO VALENTYN\nLast on this list of speculative cryptos to buy isFantom(FTM-USD), a Layer-1 blockchain platform that was introduced in 2019. One of the unique features of Fantom is its proof-of-stake (PoS) consensus process, known asLachesis, which utilizes an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol built on a directed acyclic network (DAG) engine.\nFantom is an innovative smart contract platform that offers DeFi services to developers. This ensures efficient scalability and security for blockchain projects, while maintaining quick transaction speeds and reasonable costs. If users become dissatisfied with Ethereum or other platforms, Fantom could meet their needs. As a result, FTM is a cryptocurrency worth investigating to determine its potential.\nFTM has experienced a sharp decline in value after reaching its all-time high of$3.36 in January 2022. Its price dropped drastically, breaking down at support levels around 20 cents, ultiamtely hitting a low of $0.164 in November, resulting in a 95% loss for investors who bought in at the top. However, the trend has recently changed, and the value of Fantom has been on the rise, almost tripling from its lows.\nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Speculative Cryptos to Buy for Massive Potential Gainsappeared first onInvestorPlace.', 'The cryptocurrency market, known for its speculative nature, is experiencing renewed interest. The instability in the banking sector has questioned the reliability of our conventional financial systems. This has led to an increase in demand for non-traditional methods of the transaction as people seek safer alternatives. Thus, examining some of the leading speculative cryptos may prove to be a fruitful exercise for traders and those looking to play the momentum in this market. It turns out that not all speculative cryptos are created equal. Sure, many projects have very iffy fundamentals. There may be little for investors to point to in terms of utility created by a given platform. These sorts of stories are what generally drive more conservative investors to other asset classes. That said, there are some lower-volume, mid-cap projects I’d put in the speculative bucket that I think have excellent potential and relatively strong fundamentals. Here are three speculative cryptos that investors may want to consider, as the crypto market continues to churn higher. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ICP-USD Internet Computer $ BAT-USD Basic Attention Token $ FTM-USD Fantom $ Internet Computer (ICP-USD) A concept photo for the Internet Computer (ICP) crypto. Source: Shutterstock During its launch in 2021, Internet Computer made bold assertions about its scalability, threatening Ethereum ( ETH-USD ) and other layer-1 platforms. This competing layer-1 network initially soared on its debut, before falling to earth in a rather dramatic fashion. Thus, many investors may not want to consider this token, which has gone from more than $400 per token in mid-2021 to around $5 apiece today. Arguably, this Web3 project, aimed at providing much of the infrastructure for a decentralized world computer, looks like a dud. However, there’s been some impressive upward price action with ICP in recent months , despite the slump in the broader crypto market. Internet Computer has come back on the radar for some investors due to reports that the project plans to integrate Bitcoin ( BTC-USD ) and Ethereum with the ICP network. According to the recently-released roadmap, these integrations will occur sometime this year. The incorporation of smart contract capabilities into these blockchains may lead investors to perceive ICP as a scalability solution for these leading blockchains. Story continues The potential of Internet Computer to enable Bitcoin to be transmitted without private keys through smart contracts is an innovative concept that has piqued the interest of some investors. Furthermore, some are enthusiastic about the future of Internet computers in the multi-chain ecosystem. Indeed, there are several reasons investors may be excited about the prospects of ICP, particularly at these beaten down levels. Basic Attention Token (BAT-USD) Basic Attention Token (BAT-USD) concept coin in front of a stack of cryptos and two dice that say "buy" and "sell" Source: Stanslavs / Shutterstock If you are interested in earning incentives for simply browsing the internet, exploring Basic Attention Token ( BAT-USD ) may be worthwhile. The token offers an innovative approach to earning rewards via the Brave browser , created by the company responsible for developing BAT. With Brave’s feature that replaces conventional internet advertisements with BAT-awarding ads, users can earn rewards while surfing the web. The Brave browser provides a distinct method of earning rewards using the token. Through Brave’s replacement of traditional internet ads with BAT-rewarding ads, users can earn while they surf. This sort of model is immediately appealing to anyone who spends multiple hours on the computer on a given day. Despite being behind significant web browsers in popularity, Brave has already gained over 50 million monthly active users, proving to be one of the most successful cryptocurrency projects. Additionally, BAT is not just any other cryptocurrency. It represents a groundbreaking technology that has the potential to revolutionize online advertising. The technology can create a more effective and fair ecosystem by giving users greater control over their browsing experience and removing intermediaries. Thus, this is certainly one of the more speculative cryptos I’ve got on my radar. If the project’s overall fundamentals continue to show growth, BAT could turn out to be a screaming buy at current levels. Fantom (FTM-USD) The Fantom (FTM) crypto logo on a black background Source: shutterstock.com/ARTEMENKO VALENTYN Last on this list of speculative cryptos to buy is Fantom ( FTM-USD ), a Layer-1 blockchain platform that was introduced in 2019. One of the unique features of Fantom is its proof-of-stake (PoS) consensus process, known as Lachesis , which utilizes an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol built on a directed acyclic network (DAG) engine. Fantom is an innovative smart contract platform that offers DeFi services to developers. This ensures efficient scalability and security for blockchain projects, while maintaining quick transaction speeds and reasonable costs. If users become dissatisfied with Ethereum or other platforms, Fantom could meet their needs. As a result, FTM is a cryptocurrency worth investigating to determine its potential. FTM has experienced a sharp decline in value after reaching its all-time high of $3.36 in January 2022 . Its price dropped drastically, breaking down at support levels around 20 cents, ultiamtely hitting a low of $0.164 in November, resulting in a 95% loss for investors who bought in at the top. However, the trend has recently changed, and the value of Fantom has been on the rise, almost tripling from its lows. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Wall Street Titan: Here’s My #1 Stock for 2023 It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Speculative Cryptos to Buy for Massive Potential Gains appeared first on InvestorPlace .', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto markets are playing the waiting game as tech\'s expected mixed bag of earnings may push things down as the week progresses.\nInsights:Do Kwon is in a Montenegro jail on charges he sold unregistered securities, but his attorneys raised a reasonable point about the SEC quest for unlimited jurisdiction over the asset class.\nCoinDesk Market Index (CMI)\n1,192\n−11.8▼1.0%\nBitcoin (BTC)\n$27,514\n−335.0▼1.2%\nEthereum (ETH)\n$1,845\n−37.6▼2.0%\nS&P 500\n4,137.04\n+3.5▲0.1%\nGold\n$2,007\n+27.5▲1.4%\nNikkei 225\n28,593.52\n+29.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning, Asia.\nMarkets in the region are opening flat, with both crypto and traditional finance (TradFi) markets not doing much.\nBitcoin is currently at $27,514, down 1.2%, while ether is down 2% to $1,845.\nEther\'s relatively stagnant position comes as the protocol\'s Shanghai upgrade bringsrecord-breaking inflows into the ecosystemas stakers reinvest their rewards.\nData from Coinglassshows that while the market is still relatively flat, the majority of liquidations are coming from short positions, suggesting the market has legs.\nAround Asia, the Nikkei 225 opened slightly in the green at 28,714 while Korea\'s KOPSI is flat at 2,521.\nIn the U.S., Wall Street is awaiting earnings from Microsoft and Alphabet, which are scheduled for April 25.\nCrypto remains tightly correlated with the Nasdaq,as CoinDesk reported earlier this month, which reiterates the narrative that it\'s another risk asset rather than a safe haven from economic malaise, thus making tech earnings as important as ever.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22123.7%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.3%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22123.2%", "DACS Sector": "Smart Contract Platform"}]\nDo Kwon Has a Point\nDo Kwon isback in court in the U.S.– via his lawyers because he’s in jail in Montenegro – asking for the Security and Exchange Commission’s (SEC) case against him alleging he sold unregistered securities to be dismissed. UST, the algorithmic stablecoin of Kwon\'s Terra ecosystem, is currency, not a security, is the argument being presented.\nThe SEC lacks a “clear congressional authorization” to regulate digital assets, the docket reads, pointing out that the Commodity Futures Trading Commission (CFTC) chairman has changed his mind “about whether cryptocurrencies are securities, and currently asserts that stablecoins (like UST) are not.”\nKwon isn’t the only target here. The SEC is continuing its campaign of regulation by enforcement: attempting to get insider trading charges added to a case of a fired Coinbase product manager, thus having awide net to call everything a security; or sneaking in allegations that all exchange tokens are securities in a complaint against former Alameda CEO Caroline Ellison, whichwent uncontestedas she submitted a plea deal to prosecutors.\n“Backdoor rulemaking”is one way to describe it.\nIn contrast, many jurisdictions in Asia are moving in the opposite direction: creating legal frameworks to properly define crypto – not apply frameworks from the mid-twentieth century – and regulate it as the unique asset class it is. The Monetary Authority of Singapore has this already set up,Hong Kong is working onits own framework, and even Taiwan isrolling out a rulebook.\nKwon is no saint, and is in a lot of trouble after being caught in Montenegro with a fake passport. But his counsel is putting forward a good argument about crypto regulation in the U.S., and the SEC’s quest for unlimited jurisdiction over the asset class.\nPerhaps in his fall, he’ll create an important precedent for the future of crypto regulation in the U.S., and in the end, we’ll thank him for accelerating a push for regulatory clarity.\nConsensus 2023(April 26-28)\n9:00 p.m. HKT/SGT(13:00 UTC)United States Housing Price Index (MoM/Feb)\n10:00 p.m. HKT/SGT(14:00 UTC)United States New Home Sales (MoM/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day\nRep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and called for the removal of SEC Chair Gary Gensler. This came as bitcoin (BTC) is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is also the former head of research at CoinDesk and Genesis Trading, both units of Digital Currency Group.\nWhat to Expect at Consensus 2023:From Solana phones to the future of U.S. crypto policy, here’s what to look out for at crypto’s Big Tent event – Consensus.\nZimbabwe to Introduce Gold-Backed Digital Currency, Report:The country\'s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so that they can hedge against the currency\'s volatility.\nWrapped Bitcoin Token Goes Live on Cardano Testnet:The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.\nTerra\'s Do Kwon Wants SEC Charges Dismissed, Court Filings Show:The SEC cannot regulate digital assets involved in the case because the UST stablecoin is a currency, not a security, lawyers for Kwon have said.\nBitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says:A report from the firm noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price.\nCORRECTION (April 25, 2023 14:50 UTC): Caroline Ellison was the former CEO of Alameda Research, not its chief operating officer.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto markets are playing the waiting game as tech\'s expected mixed bag of earnings may push things down as the week progresses. Insights: Do Kwon is in a Montenegro jail on charges he sold unregistered securities, but his attorneys raised a reasonable point about the SEC quest for unlimited jurisdiction over the asset class. Prices CoinDesk Market Index (CMI) 1,192 −11.8 ▼ 1.0% Bitcoin (BTC) $27,514 −335.0 ▼ 1.2% Ethereum (ETH) $1,845 −37.6 ▼ 2.0% S&P 500 4,137.04 +3.5 ▲ 0.1% Gold $2,007 +27.5 ▲ 1.4% Nikkei 225 28,593.52 +29.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning, Asia. Markets in the region are opening flat, with both crypto and traditional finance (TradFi) markets not doing much. Bitcoin is currently at $27,514, down 1.2%, while ether is down 2% to $1,845. Ether\'s relatively stagnant position comes as the protocol\'s Shanghai upgrade brings record-breaking inflows into the ecosystem as stakers reinvest their rewards. Data from Coinglass shows that while the market is still relatively flat, the majority of liquidations are coming from short positions, suggesting the market has legs. Around Asia, the Nikkei 225 opened slightly in the green at 28,714 while Korea\'s KOPSI is flat at 2,521. In the U.S., Wall Street is awaiting earnings from Microsoft and Alphabet, which are scheduled for April 25. Crypto remains tightly correlated with the Nasdaq, as CoinDesk reported earlier this month , which reiterates the narrative that it\'s another risk asset rather than a safe haven from economic malaise, thus making tech earnings as important as ever. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +0.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −3.7% Currency Gala GALA −3.3% Entertainment Cardano ADA −3.2% Smart Contract Platform Insights Do Kwon Has a Point Do Kwon is back in court in the U.S. – via his lawyers because he’s in jail in Montenegro – asking for the Security and Exchange Commission’s (SEC) case against him alleging he sold unregistered securities to be dismissed. UST, the algorithmic stablecoin of Kwon\'s Terra ecosystem, is currency, not a security, is the argument being presented. Story continues The SEC lacks a “clear congressional authorization” to regulate digital assets, the docket reads, pointing out that the Commodity Futures Trading Commission (CFTC) chairman has changed his mind “about whether cryptocurrencies are securities, and currently asserts that stablecoins (like UST) are not.” Kwon isn’t the only target here. The SEC is continuing its campaign of regulation by enforcement: attempting to get insider trading charges added to a case of a fired Coinbase product manager, thus having a wide net to call everything a security ; or sneaking in allegations that all exchange tokens are securities in a complaint against former Alameda CEO Caroline Ellison, which went uncontested as she submitted a plea deal to prosecutors. “Backdoor rulemaking” is one way to describe it . In contrast, many jurisdictions in Asia are moving in the opposite direction: creating legal frameworks to properly define crypto – not apply frameworks from the mid-twentieth century – and regulate it as the unique asset class it is. The Monetary Authority of Singapore has this already set up, Hong Kong is working on its own framework, and even Taiwan is rolling out a rulebook . Kwon is no saint, and is in a lot of trouble after being caught in Montenegro with a fake passport. But his counsel is putting forward a good argument about crypto regulation in the U.S., and the SEC’s quest for unlimited jurisdiction over the asset class. Perhaps in his fall, he’ll create an important precedent for the future of crypto regulation in the U.S., and in the end, we’ll thank him for accelerating a push for regulatory clarity. Important events Consensus 2023 (April 26-28) 9:00 p.m. HKT/SGT(13:00 UTC) United States Housing Price Index (MoM/Feb) 10:00 p.m. HKT/SGT(14:00 UTC) United States New Home Sales (MoM/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Rep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the future of U.S. crypto regulation and explained why he wants to restructure the Securities and Exchange Commission and called for the removal of SEC Chair Gary Gensler. This came as bitcoin (BTC) is falling for the third straight day and touched a 24-hour low of $27,844.46. PV01 CEO Max Boonen and Crypto is Macro Now economist Noelle Acheson also joined the conversation. Acheson is also the former head of research at CoinDesk and Genesis Trading, both units of Digital Currency Group. Headlines What to Expect at Consensus 2023 : From Solana phones to the future of U.S. crypto policy, here’s what to look out for at crypto’s Big Tent event – Consensus. Zimbabwe to Introduce Gold-Backed Digital Currency, Report : The country\'s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so that they can hedge against the currency\'s volatility. Wrapped Bitcoin Token Goes Live on Cardano Testnet : The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem. Terra\'s Do Kwon Wants SEC Charges Dismissed, Court Filings Show : The SEC cannot regulate digital assets involved in the case because the UST stablecoin is a currency, not a security, lawyers for Kwon have said. Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says : A report from the firm noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price. CORRECTION (April 25, 2023 14:50 UTC): Caroline Ellison was the former CEO of Alameda Research, not its chief operating officer.', 'It’s been over 14 years since Bitcoin first graced the global stage, but despite a Cambrian explosion of industry innovation, the adoption of blockchain and digital assets at large is lagging. The reasons for this vary and undoubtedly include the volatility of the market and ongoing stigmas marring the industry. However, a large contributing factor is the awkward user experience and a distinct lack of simplified onboarding methods. Users don’t want to adopt a new technology that is confusing and risky, even if they’re aware of the potential benefits. Speedier and less costly transactions and verifiable digital ownership are great, but choosing which blockchain and wallet to use , learning to care for your private keys, managing gas fees, and performing transactions are far beyond most people’s comfort levels. This is one of the major hurdles holding the space back from broader adoption. Sending and receiving cryptocurrency and other digital assets should be as easy as sending a text message. To onboard everyday users, Web3 applications need to be both trustworthy and simple to use. A trusted axiom when developing new products is “changing user behavior is hard… really hard.” Using familiar behaviors that unlock new benefits is the path to scale and adoption. Users want simplicity Users typically don’t need — and often don’t want — to know what’s going on under the hood, especially if what’s under the hood is NFTs or blockchain. Instead, it simply needs to work from their point of view. This is important because once users can interact seamlessly, companies can step in and begin to offer unique experiences that take advantage of the benefits that Web3 offers. A perfect example of this comes from the recent “Collectible Avatars” launched by Reddit, which saw unprecedented adoption — primarily from Web3 rookies. Importantly, Reddit’s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto. Story continues Bringing well-known and trusted companies into this movement will be critical to spreading adoption. These technologies need to be implemented by major industry players to breed customer trust. This isn’t a new revelation, either. Take PayPal, for instance, which gained\xa0prominence not only for its utility but because it was implemented by the well-established auction site eBay. Once people saw the PayPal brand associated with something they already trusted, consumers began to see the benefits it could offer. To ensure brands want to build in this space, however, we need more than savvy, smoke-and-mirror marketing, and big-time partnerships. We need an entirely new paradigm for user onboarding, new at least in the crypto world. But it is actually quite familiar to the masses. Old solution to new problem Despite numerous advances over the past years, onboarding remains one of the most recurring pain points for the decentralized industry, frequently standing between Web3 platforms and millions of potential users. This is why optimizing and enhancing user onboarding must be among Web3 builders’ main priorities for the space to unlock its true potential and reach mass adoption. One of the most profound solutions to this problem lies in utilizing everyday technology such as mobile phones — which represent the world’s most extensive unique global directory system effortlessly linking people from far-flung corners of the globe in a simple, cheap and secure way. Although numerous Web3 platforms incorporate third-party logins, such as Google, Facebook or Twitter to simplify user onboarding, this approach restricts reach to users who possess specific accounts, not to mention exposing them to potential data harvesting techniques of big tech. In contrast, personal phone numbers are more ubiquitous, inclusive, and readily accessible than social media platforms. Even if someone is indifferent to social media, they are likely to have a phone number, enabling them to effortlessly begin using digital assets. Harnessing this approach opens the door to functional cross-industry campaigns that bridge the gap between the real world and the digital. Which is crucial to the vision of Web3 in the first place. Imagine a gamer who has connected their Web3 wallet with their mobile number. They click on a link that has an “NFT Starter Pack” to their phone number-based wallet. When they click the link, they not only get a wallet and NFT, they are launched into the game, fully authenticated and ready to engage. They can then leverage this wallet as a credential to play blockchain-powered games. One day the player opens a loot crate, but in addition to exciting new gear, they also unlock a free order of fries from a restaurant like Wendy’s. Since their wallet is connected to their phone, all they have to do is go to any Wendy’s, scan a QR code generated by their device’s wallet, and they can receive their free fries. The coupon they utilize is a one-time NFT sent to them, and their phone acts as the verification device confirming they control that wallet. What this means is making NFTs about more than just trading media. Instead, these digital assets can act as certificates, access passes, credentials and pretty much anything else they need to be. Because of the immutable nature of blockchain, these assets are perfectly positioned to be a new, more engaging way for people to interact with brands and services. Blockchain’s untapped potential This stands to unlock an entirely new type of “token-gated” customer experience. Businesses can offer engaging new promotions and added benefits, incentivizing consumer loyalty by providing tangible rewards for those who hold their assets. In addition to expanded loyalty, the upside for brands is that they can have more control and visibility over these campaigns and accurately collect data surrounding what users respond to. This has traditionally been difficult for companies to do with such events, but utilizing blockchain makes building more focused and granular offerings much easier. As for consumers, they can unlock value-added experiences that enhance how they engage with their favorite platforms and products. Bringing an easy access point to Web3 can also help bridge the physical world with the metaverse. Even offline, a phone could scan or generate QR codes allowing user wallets to interact with promotional materials and services. When online, platforms can connect to that wallet directly for sending or receiving transactions. This means that a user’s wallet will provide access to almost everything that a company offers, streamlining the experience and maximizing interoperability. The ultimate key to all of this is simplicity and utility built around how users interact with brands. Wallets need to be as easy to use as the most popular Web2 applications, they need to work universally with services, and they need to offer real benefits. Once this is realized, a world of possibilities opens up for how businesses and consumers interact. This is what will drive actual global adoption. Until this happens, the Web3 space will continue to be a novelty and a fascinating technology, but not the world-changing new paradigm it aims to be.', 'It’s been over 14 years since Bitcoin first graced the global stage, but despite a Cambrian explosion of industry innovation, the adoption of blockchain and digital assets at large is lagging. The reasons for this vary and undoubtedly include thevolatilityof the market and ongoing stigmas marring the industry. However, a large contributing factor is the awkward user experience and a distinct lack of simplified onboarding methods.\nUsers don’t want to adopt a new technology that is confusing and risky, even if they’re aware of the potential benefits. Speedier and less costly transactions and verifiable digital ownership are great, butchoosing which blockchain and wallet to use, learning to care for your private keys, managing gas fees, and performing transactions are far beyond most people’s comfort levels. This is one of themajor hurdlesholding the space back from broader adoption.\nSending and receiving cryptocurrency and other d Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $529,715,309,912 - Hash Rate: 302688354.2796839 - Transaction Count: 369843.0 - Unique Addresses: 663868.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: New technologies are often scary. Then, over time, people get to know them a little—and often still wouldn’t touch them with a 10-foot pole. That would be you, cryptocurrency. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home The Pew Research Center yesterday released the results of a survey showing that a whopping 88% of Americans have heard at least something about crypto, and three-quarters of those people are either not very confident (36%) or not at all confident (39%) about the safety and reliability of virtual currencies. A mere 6% are very or extremely confident in crypto. Of course, hearing about something and experiencing it are two different things, and Pew’s research does show that those who have invested in crypto (around a sixth of U.S. adults, who tend to be wealthier, younger men) are somewhat more likely to find it trustworthy—just 43% of that cohort lack confidence in it. Americans aged 50 or older are less likely to be confident about crypto, as are women. On the plus side for Team Crypto, 69% of those who have invested in, traded, or used cryptocurrencies still hold some of it. The results don’t indicate how much they still hold, but, for those who don’t urgently need to liquidate their holdings, I guess it makes sense to avoid selling in a crypto winter. As it happens, Bitcoin is on an upward trajectory at the moment, having just broken past the $30,000 mark for the first time since the middle of last year. But that’s not necessarily an expression of confidence in Bitcoin as such—it probably has more to do with the expectation that central banks will stop hiking interest rates. There’s certainly no reason to think regulators are going to become less hostile to crypto in the near future, especially given recent actions such as the U.S. Commodity Futures Trading Commission’s civil suit against Binance and its CEO, Changpeng “CZ” Zhao, over alleged compliance violations. Story continues Speaking of which, do read Jeff John Roberts and Yvonne Lau’s exclusive interview with the otherwise-quiet-these-days Zhao, which delves deep into his formative experiences in Canada and China—and even his relationship with his brilliant but remote father. And don’t forget to check out Fortune’ s new Crypto 40 list , which shows how, even if trust in cryptocurrencies is dismal these days, many blockchain technologists are still building quality companies. Want to send thoughts or suggestions to Data Sheet? Drop a line here . David Meyer Data Sheet’s daily news section was written and curated by Andrea Guzman. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["The original crypto bad boy Arthur Hayes still has a bone to pick with what he calls the \x93broken banking system.\x94 Hayes, the founder of the cryptocurrency exchange BitMEX, said he sees crypto as an important asset for consumers to own as a hedge against risk from the traditional banking system. \x93I don\x92t care if you\x92re capitalist or a communist. Everybody put on a lot of debt. We\x92ve passed the point where that debt is becoming useful,\x94 Hayes said during an interview for a recent episode of the gm from Decrypt podcast. \x93And therefore everyone is going to take an 'L' unless they get some crypto or some gold\x97some hard asset that\x92s outside of the traditional banking system.\x94 Normies Don\x92t 'Actually Care About Decentralization': Arthur Hayes Hayes founded BitMEX in 2014 and reaped his rewards for being so early to the industry. But in 2021, the Department of Justice charged him with violating the U.S. Bank Secrecy Act for failing to comply with anti-money laundering programs at BitMEX. He pleaded guilty and after serving two years probation and six months of home detention, he has relocated to Singapore. In that time, Hayes has continued writing long-form essays about cryptocurrency and blockchain adoption. He says his motivations are to educate people about how crypto works and why it\x92s valuable as an alternative to traditional financial institutions. According to Hayes, it\x92s become too politically damaging to let institutions fail in the traditional banking system. Instead, he said, politicians and regulators have tried to keep things going by piling on an increasing amount of debt. He referenced the collapse of Silicon Valley Bank, where consumers rushed to withdraw their funds and triggered a massive bank run. Ultimately, California state banking regulators had to place SVB into receivership and the Federal Reserve had to implement emergency lending . Recent banking collapses have also increased interest in alternative assets, such as Bitcoin, according to Hayes. He said people feared that they could not get full access to their assets, a large concern especially for institutions with large volumes of capital, and it made people consider cryptocurrency as an alternative. As financial institutions have suffered large losses this year, cryptocurrencies have conversely seen increased volume and inflows . \x93If we want crypto to be another financial system, people need to really understand what we're trying to replace, or improve upon,\x94 he said. \x93The unfortunate fact is, a lot of people don't receive any sort of education about how money works, how the banking system works, how asset markets really function.\x94", "The original crypto bad boy Arthur Hayes still has a bone to pick with what he calls the “broken banking system.”\nHayes, the founder of the cryptocurrency exchange BitMEX, said he sees crypto as an important asset for consumers to own as a hedge against risk from the traditional banking system.\n“I don’t care if you’re capitalist or a communist. Everybody put on a lot of debt. We’ve passed the point where that debt is becoming useful,” Hayes said during an interview for a recent episode of the gm fromDecryptpodcast. “And therefore everyone is going to take an 'L' unless they get some crypto or some gold—some hard asset that’s outside of the traditional banking system.”\nNormies Don’t 'Actually Care About Decentralization': Arthur Hayes\nHayes founded BitMEX in 2014 and reaped his rewards for being so early to the industry. But in 2021, the Department of Justice charged him with violating the U.S. Bank Secrecy Act for failing to comply with anti-money laundering programs at BitMEX. He pleaded guilty and after serving two years probation and six months of home detention, he has relocated to Singapore.\nIn that time, Hayes has continued writing long-form essays about cryptocurrency and blockchain adoption. He says his motivations are to educate people about how crypto works and why it’s valuable as an alternative to traditional financial institutions.\nAccording to Hayes, it’s become too politically damaging to let institutions fail in the traditional banking system. Instead, he said, politicians and regulators have tried to keep things going by piling on an increasing amount of debt.\nHe referenced the collapse of Silicon Valley Bank, where consumers rushed to withdraw their funds and triggered a massive bank run. Ultimately, California state banking regulators had to place SVB into receivership and the Federal Reserve had to implement emergencylending.\nRecent banking collapses have also increased interest in alternative assets, such as Bitcoin, according to Hayes. He said people feared that they could not get full access to their assets, a large concern especially for institutions with large volumes of capital, and it made people consider cryptocurrency as an alternative.\nAs financial institutions have suffered large losses this year, cryptocurrencies have conversely seenincreased volume and inflows.\n“If we want crypto to be another financial system, people need to really understand what we're trying to replace, or improve upon,” he said. “The unfortunate fact is, a lot of people don't receive any sort of education about how money works, how the banking system works, how asset markets really function.”", 'A digital copy of the original Bitcoin whitepaper that had been hidden on Macintosh computers for more than five years is not part of an upcoming operating system update from Apple,AppleInsiderreportedTuesday.\nThe late discovery of the PDF document went viral three weeks ago, and it represented only the latest in along line of easter eggsthat Apple (or its employees, more likely) have planted over the last several decades. It seems to have gone unnoticed by Apple\'s millions of users until 2020, when designer Joshua Dickens posted about it to Twitter. Someone who read his poststarted a threadin Apple\'s support forums in April 2021.\nIt didn\'t garner much more attention, however, until noted technologist Andy Baiowrote about itlast month.\n"Of all the documents in the world, why was the Bitcoin whitepaper chosen? Is there a secret Bitcoin maxi working at Apple?" Baio asked. "Maybe it was just a convenient, lightweight multipage PDF for testing purposes, never meant to be seen by end users."\nThe discovery even prompted Craig Wright, who has long claimed to be Bitcoin\'s pseudonymous creator Satoshi Nakamoto, to suggest that Apple wasviolating his copyright. Wright had previously got a court order to force the website Bitcoin.org toremove a copy of the paperin 2021, but the websiterefused to comply.\nAccording to participants in Apple\'s Beta Software Program, upcoming version 13.4 of MacOS Ventura do not contain the file, nor the other elements with which it was initially bundled—a test driver for a virtual scanner to allow developers to work with the operating system\'s image capture module. The files were never intended to be discovered by average users, located in hidden system files.\nAlongside the Bitcoin whitepaper PDF was a photo of a sign at Treasure Island in San Francisco.\nBaio later said that a source inside Apple told him that the presence of the paper was filed as a developer work ticket last year and was assigned to the same person who initially placed the whitepaper in the system. At the time, however, the ticket hadn\'t been acted upon.\n"They’ve indicated it will likely be removed in future versions," Baio said.', 'A digital copy of the original Bitcoin whitepaper that had been hidden on Macintosh computers for more than five years is not part of an upcoming operating system update from Apple,AppleInsiderreportedTuesday.\nThe late discovery of the PDF document went viral three weeks ago, and it represented only the latest in along line of easter eggsthat Apple (or its employees, more likely) have planted over the last several decades. It seems to have gone unnoticed by Apple\'s millions of users until 2020, when designer Joshua Dickens posted about it to Twitter. Someone who read his poststarted a threadin Apple\'s support forums in April 2021.\nIt didn\'t garner much more attention, however, until noted technologist Andy Baiowrote about itlast month.\n"Of all the documents in the world, why was the Bitcoin whitepaper chosen? Is there a secret Bitcoin maxi working at Apple?" Baio asked. "Maybe it was just a convenient, lightweight multipage PDF for testing purposes, never meant to be seen by end users."\nThe discovery even prompted Craig Wright, who has long claimed to be Bitcoin\'s pseudonymous creator Satoshi Nakamoto, to suggest that Apple wasviolating his copyright. Wright had previously got a court order to force the website Bitcoin.org toremove a copy of the paperin 2021, but the websiterefused to comply.\nAccording to participants in Apple\'s Beta Software Program, upcoming version 13.4 of MacOS Ventura do not contain the file, nor the other elements with which it was initially bundled—a test driver for a virtual scanner to allow developers to work with the operating system\'s image capture module. The files were never intended to be discovered by average users, located in hidden system files.\nAlongside the Bitcoin whitepaper PDF was a photo of a sign at Treasure Island in San Francisco.\nBaio later said that a source inside Apple told him that the presence of the paper was filed as a developer work ticket last year and was assigned to the same person who initially placed the whitepaper in the system. At the time, however, the ticket hadn\'t been acted upon.\n"They’ve indicated it will likely be removed in future versions," Baio said.', 'A digital copy of the original Bitcoin whitepaper that had been hidden on Macintosh computers for more than five years is not part of an upcoming operating system update from Apple, AppleInsider reported Tuesday. The late discovery of the PDF document went viral three weeks ago, and it represented only the latest in a long line of easter eggs that Apple (or its employees, more likely) have planted over the last several decades. It seems to have gone unnoticed by Apple\'s millions of users until 2020, when designer Joshua Dickens posted about it to Twitter. Someone who read his post started a thread in Apple\'s support forums in April 2021. Here\'s a mystery: why do I have an Image Capture device called Virtual Scanner II on my Mac? It shows a preview of a painted sign that for some reason closely resembles a photo by @thomashawk on \'clustershot\'? But not exactly -- the scanned version looks more weathered. pic.twitter.com/jPb5kx3NyS \x97 Josh D (@schwa23) November 28, 2020 It didn\'t garner much more attention, however, until noted technologist Andy Baio wrote about it last month. "Of all the documents in the world, why was the Bitcoin whitepaper chosen? Is there a secret Bitcoin maxi working at Apple?" Baio asked. "Maybe it was just a convenient, lightweight multipage PDF for testing purposes, never meant to be seen by end users." The discovery even prompted Craig Wright, who has long claimed to be Bitcoin\'s pseudonymous creator Satoshi Nakamoto, to suggest that Apple was violating his copyright . Wright had previously got a court order to force the website Bitcoin.org to remove a copy of the paper in 2021, but the website refused to comply . According to participants in Apple\'s Beta Software Program, upcoming version 13.4 of MacOS Ventura do not contain the file, nor the other elements with which it was initially bundled\x97a test driver for a virtual scanner to allow developers to work with the operating system\'s image capture module. The files were never intended to be discovered by average users, located in hidden system files. Story continues Alongside the Bitcoin whitepaper PDF was a photo of a sign at Treasure Island in San Francisco. Baio later said that a source inside Apple told him that the presence of the paper was filed as a developer work ticket last year and was assigned to the same person who initially placed the whitepaper in the system. At the time, however, the ticket hadn\'t been acted upon. "They\x92ve indicated it will likely be removed in future versions," Baio said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A late surge returned bitcoin to its previous perch above $28K. Ether also rallied.\nInsights:Is crypto on the mend? What will happen on the regulatory front? CoinDesk\'s annual Consensus conference features crypto industry leaders and will cover key topics over three days.\nCoinDesk Market Index (CMI)\n1,217\n+27.5▲2.3%\nBitcoin (BTC)\n$28,360\n+948.4▲3.5%\nEthereum (ETH)\n$1,870\n+34.5▲1.9%\nS&P 500\n4,071.63\n−65.4▼1.6%\nGold\n$2,008\n+14.0▲0.7%\nNikkei 225\n28,620.07\n+26.5▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,217", "+27.5\\u25b22.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,360", "+948.4\\u25b23.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,870", "+34.5\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,071.63", "\\u221265.4\\u25bc1.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,008", "+14.0\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,620.07", "+26.5\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Surges, but Will the Rally Continue?\nAfter five days lingering below $28,000, bitcoin (BTC) went for a surprising ride upward and took much of the rest of the market with it.\nThe largest cryptocurrency by market capitalization was recently trading above $28,300, up about 3.7% over the past 24 hours. The origins of the surge were difficult to pinpoint. BTC began ticking upward less than 24 hours after embattled First Republic Bank noted that it had lost $100 billion in deposits during its first quarter earnings presentation on Monday, reviving concerns about the banking sector\'s stability. Last month, cryptos rose amid a rash of U.S. regional banking implosions as investors sought refuge in assets that hold their value.\n"WithFirst Republic Banklooking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis,"Jake Boyle, director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CoinDesk. "Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the [Federal Reserve] to adhere to its tightening regime going forward."\nBoyle added: "Bitcoin’s rally of late has more to do with liquidity injections and rising expectations that the Fed’s tightening will probably have to end fairly soon, or else even greater turbulence in the banking sector could ensue.”\nData from analytics firm Coinglass alsoshowedthat some $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. Short squeezes have historically tended to accelerate price jumps.\nEther (ETH) was recently changing hands at about $1,870, up 1.8% from Monday, same time. Other major cryptos were largely in the green, with SOL, the native token of the Solana blockchain, and ADA, the native crypto of the Cardano smart contracts platform, both recently rising more than 3%. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance was up 2.6%.\nIn early Asia trading, the Nikkei and Hang Seng indexes were down slightly. U.S. stocks closed down with the tech-heavy Nasdaq Composite off nearly 2%.\nIn his weekday column, CoinDesk analyst Glenn Williams highlighted that at least two technical indicators were foreshadowing a bitcoin rebound. Williams noted that BTC\'s "recent decline accompanied an expected drop in momentum, but it also occurred in conjunction with a move towards the lower end of the Bollinger Band. Bollinger Bands plot an asset’s 20-day moving average, and calculate two standard deviations above and below the average. An asset’s price is expected to stay within two standard deviations of the average 98% of the time, so a breach above or below is noteworthy.\nWilliams wrote that "bitcoin approaching the lower range of its Bollinger Bands raises questions about its near-term path, but he added that "given recent history, technical analysts could expect BTC prices to advance, albeit methodically, back to their 20-day average."\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.5%", "DACS Sector": "Currency"}]\nThere are no losers in CoinDesk 20 today.\nWhat to Expect at Consensus\nCrypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 atConsensus, CoinDesk’s annual conference. Many of the biggest names in crypto, government, Web3 and more will be in Austin, Texas, this week to discuss the current state of the industry, the devastating year it just had and what the future may hold.\nOn that score, things are looking up. If the first four months of the year are any indication of where the industry is heading, the rebuilding has begun.\nIn the U.S., regulatory uncertainty has given way to thecertainty that crypto will be regulated. The European Union has provided the model, with the landmark omnibusMiCA regulationsbeing voted into law last week. Even China, whichbanned crypto officially in 2019, seems to bewarming to Web3.\nStill, there’s much morebuilding,policymaking,educatingand, yes,investingto be done. While recent markets have given some reason for optimism, fraud and contagion have absolutely smashed consumer confidence in the industry. Regaining that trust will be difficult, but that is the opportunity at the feet of today’s builders, regulators and decision makers – many of whom will share their views at Consensus.\nHere’s what to expect this week in Austin.\nRead the full storyhere:\nConsensus 2023\n2:00 p.m. HKT/SGT(6:00 UTC)Gfk Consumer Confidence Survey(May)\n4:00 p.m. HKT/SGT(8:00 UTC)Switzerland ZEW Survey – Expectations (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Seeks Answers from the SEC; Rep. Patrick McHenry on Stablecoins Outlook\nCrypto exchange Coinbase has asked a federal court to force the Securities and Exchange Commission to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector. This came as Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joined "First Mover" to discuss.\nFTX\'s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction:FTX.USpurchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.\nVoyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal:The crypto lender said it will return value to customers via direct distribution\nCelo Joins Chainlink Program Giving Developers Access to Data Feeds:More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join.\nGoogle Cloud to Help Web3 Builders Fast-Track Their Startups:The initiative will come with technical and monetary support for early-stage Web3 developers.\nGenesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization:The move comes months after an initial agreement was reached between Genesis\' creditors and its owner, DCG.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: A late surge returned bitcoin to its previous perch above $28K. Ether also rallied. Insights: Is crypto on the mend? What will happen on the regulatory front? CoinDesk\'s annual Consensus conference features crypto industry leaders and will cover key topics over three days. Prices CoinDesk Market Index (CMI) 1,217 +27.5 ▲ 2.3% Bitcoin (BTC) $28,360 +948.4 ▲ 3.5% Ethereum (ETH) $1,870 +34.5 ▲ 1.9% S&P 500 4,071.63 −65.4 ▼ 1.6% Gold $2,008 +14.0 ▲ 0.7% Nikkei 225 28,620.07 +26.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,217 +27.5 ▲ 2.3% Bitcoin (BTC) $28,360 +948.4 ▲ 3.5% Ethereum (ETH) $1,870 +34.5 ▲ 1.9% S&P 500 4,071.63 −65.4 ▼ 1.6% Gold $2,008 +14.0 ▲ 0.7% Nikkei 225 28,620.07 +26.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Surges, but Will the Rally Continue? After five days lingering below $28,000, bitcoin (BTC) went for a surprising ride upward and took much of the rest of the market with it. The largest cryptocurrency by market capitalization was recently trading above $28,300, up about 3.7% over the past 24 hours. The origins of the surge were difficult to pinpoint. BTC began ticking upward less than 24 hours after embattled First Republic Bank noted that it had lost $100 billion in deposits during its first quarter earnings presentation on Monday, reviving concerns about the banking sector\'s stability. Last month, cryptos rose amid a rash of U.S. regional banking implosions as investors sought refuge in assets that hold their value. "With First Republic Bank looking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis," Jake Boyle , director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CoinDesk. "Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the [Federal Reserve] to adhere to its tightening regime going forward." Story continues Boyle added: "Bitcoin’s rally of late has more to do with liquidity injections and rising expectations that the Fed’s tightening will probably have to end fairly soon, or else even greater turbulence in the banking sector could ensue.” Data from analytics firm Coinglass also showed that some $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. Short squeezes have historically tended to accelerate price jumps. Ether (ETH) was recently changing hands at about $1,870, up 1.8% from Monday, same time. Other major cryptos were largely in the green, with SOL, the native token of the Solana blockchain, and ADA, the native crypto of the Cardano smart contracts platform, both recently rising more than 3%. The CoinDesk Market Index , a measure of the crypto market\'s overall performance was up 2.6%. In early Asia trading, the Nikkei and Hang Seng indexes were down slightly. U.S. stocks closed down with the tech-heavy Nasdaq Composite off nearly 2%. In his weekday column, CoinDesk analyst Glenn Williams highlighted that at least two technical indicators were foreshadowing a bitcoin rebound. Williams noted that BTC\'s "recent decline accompanied an expected drop in momentum, but it also occurred in conjunction with a move towards the lower end of the Bollinger Band. Bollinger Bands plot an asset’s 20-day moving average, and calculate two standard deviations above and below the average. An asset’s price is expected to stay within two standard deviations of the average 98% of the time, so a breach above or below is noteworthy. Williams wrote that "bitcoin approaching the lower range of its Bollinger Bands raises questions about its near-term path, but he added that "given recent history, technical analysts could expect BTC prices to advance, albeit methodically, back to their 20-day average." Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +4.4% Smart Contract Platform Cardano ADA +3.7% Smart Contract Platform Bitcoin BTC +3.5% Currency Biggest Losers There are no losers in CoinDesk 20 today. Insights What to Expect at Consensus Crypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 at Consensus , CoinDesk’s annual conference. Many of the biggest names in crypto, government, Web3 and more will be in Austin, Texas, this week to discuss the current state of the industry, the devastating year it just had and what the future may hold. On that score, things are looking up. If the first four months of the year are any indication of where the industry is heading, the rebuilding has begun. In the U.S., regulatory uncertainty has given way to the certainty that crypto will be regulated . The European Union has provided the model, with the landmark omnibus MiCA regulations being voted into law last week. Even China, which banned crypto officially in 2019 , seems to be warming to Web3 . Still, there’s much more building , policymaking , educating and, yes, investing to be done. While recent markets have given some reason for optimism, fraud and contagion have absolutely smashed consumer confidence in the industry. Regaining that trust will be difficult, but that is the opportunity at the feet of today’s builders, regulators and decision makers – many of whom will share their views at Consensus. Here’s what to expect this week in Austin. Read the full story here : Important events Consensus 2023 2:00 p.m. HKT/SGT(6:00 UTC) Gfk Consumer Confidence Survey(May) 4:00 p.m. HKT/SGT(8:00 UTC) Switzerland ZEW Survey – Expectations (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Seeks Answers from the SEC; Rep. Patrick McHenry on Stablecoins Outlook Crypto exchange Coinbase has asked a federal court to force the Securities and Exchange Commission to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector. This came as Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joined "First Mover" to discuss. Headlines FTX\'s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction : FTX.US purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk. Voyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal : The crypto lender said it will return value to customers via direct distribution Celo Joins Chainlink Program Giving Developers Access to Data Feeds : More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join. Google Cloud to Help Web3 Builders Fast-Track Their Startups : The initiative will come with technical and monetary support for early-stage Web3 developers. Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization : The move comes months after an initial agreement was reached between Genesis\' creditors and its owner, DCG.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A late surge returned bitcoin to its previous perch above $28K. Ether also rallied.\nInsights:Is crypto on the mend? What will happen on the regulatory front? CoinDesk\'s annual Consensus conference features crypto industry leaders and will cover key topics over three days.\nCoinDesk Market Index (CMI)\n1,217\n+27.5▲2.3%\nBitcoin (BTC)\n$28,360\n+948.4▲3.5%\nEthereum (ETH)\n$1,870\n+34.5▲1.9%\nS&P 500\n4,071.63\n−65.4▼1.6%\nGold\n$2,008\n+14.0▲0.7%\nNikkei 225\n28,620.07\n+26.5▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,217", "+27.5\\u25b22.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,360", "+948.4\\u25b23.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,870", "+34.5\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,071.63", "\\u221265.4\\u25bc1.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,008", "+14.0\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,620.07", "+26.5\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Surges, but Will the Rally Continue?\nAfter five days lingering below $28,000, bitcoin (BTC) went for a surprising ride upward and took much of the rest of the market with it.\nThe largest cryptocurrency by market capitalization was recently trading above $28,300, up about 3.7% over the past 24 hours. The origins of the surge were difficult to pinpoint. BTC began ticking upward less than 24 hours after embattled First Republic Bank noted that it had lost $100 billion in deposits during its first quarter earnings presentation on Monday, reviving concerns about the banking sector\'s stability. Last month, cryptos rose amid a rash of U.S. regional banking implosions as investors sought refuge in assets that hold their value.\n"WithFirst Republic Banklooking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis,"Jake Boyle, director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CoinDesk. "Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the [Federal Reserve] to adhere to its tightening regime going forward."\nBoyle added: "Bitcoin’s rally of late has more to do with liquidity injections and rising expectations that the Fed’s tightening will probably have to end fairly soon, or else even greater turbulence in the banking sector could ensue.”\nData from analytics firm Coinglass alsoshowedthat some $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. Short squeezes have historically tended to accelerate price jumps.\nEther (ETH) was recently changing hands at about $1,870, up 1.8% from Monday, same time. Other major cryptos were largely in the green, with SOL, the native token of the Solana blockchain, and ADA, the native crypto of the Cardano smart contracts platform, both recently rising more than 3%. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance was up 2.6%.\nIn early Asia trading, the Nikkei and Hang Seng indexes were down slightly. U.S. stocks closed down with the tech-heavy Nasdaq Composite off nearly 2%.\nIn his weekday column, CoinDesk analyst Glenn Williams highlighted that at least two technical indicators were foreshadowing a bitcoin rebound. Williams noted that BTC\'s "recent decline accompanied an expected drop in momentum, but it also occurred in conjunction with a move towards the lower end of the Bollinger Band. Bollinger Bands plot an asset’s 20-day moving average, and calculate two standard deviations above and below the average. An asset’s price is expected to stay within two standard deviations of the average 98% of the time, so a breach above or below is noteworthy.\nWilliams wrote that "bitcoin approaching the lower range of its Bollinger Bands raises questions about its near-term path, but he added that "given recent history, technical analysts could expect BTC prices to advance, albeit methodically, back to their 20-day average."\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.5%", "DACS Sector": "Currency"}]\nThere are no losers in CoinDesk 20 today.\nWhat to Expect at Consensus\nCrypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 atConsensus, CoinDesk’s annual conference. Many of the biggest names in crypto, government, Web3 and more will be in Austin, Texas, this week to discuss the current state of the industry, the devastating year it just had and what the future may hold.\nOn that score, things are looking up. If the first four months of the year are any indication of where the industry is heading, the rebuilding has begun.\nIn the U.S., regulatory uncertainty has given way to thecertainty that crypto will be regulated. The European Union has provided the model, with the landmark omnibusMiCA regulationsbeing voted into law last week. Even China, whichbanned crypto officially in 2019, seems to bewarming to Web3.\nStill, there’s much morebuilding,policymaking,educatingand, yes,investingto be done. While recent markets have given some reason for optimism, fraud and contagion have absolutely smashed consumer confidence in the industry. Regaining that trust will be difficult, but that is the opportunity at the feet of today’s builders, regulators and decision makers – many of whom will share their views at Consensus.\nHere’s what to expect this week in Austin.\nRead the full storyhere:\nConsensus 2023\n2:00 p.m. HKT/SGT(6:00 UTC)Gfk Consumer Confidence Survey(May)\n4:00 p.m. HKT/SGT(8:00 UTC)Switzerland ZEW Survey – Expectations (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Seeks Answers from the SEC; Rep. Patrick McHenry on Stablecoins Outlook\nCrypto exchange Coinbase has asked a federal court to force the Securities and Exchange Commission to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector. This came as Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joined "First Mover" to discuss.\nFTX\'s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction:FTX.USpurchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.\nVoyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal:The crypto lender said it will return value to customers via direct distribution\nCelo Joins Chainlink Program Giving Developers Access to Data Feeds:More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join.\nGoogle Cloud to Help Web3 Builders Fast-Track Their Startups:The initiative will come with technical and monetary support for early-stage Web3 developers.\nGenesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization:The move comes months after an initial agreement was reached between Genesis\' creditors and its owner, DCG.', 'Proof of reserves plays a critical role in the cryptocurrency industry by providing a vital security mechanism for investors. Given the industry’s lack of regulation and transparency, investors may have reservations about putting their money into the market. In response,\xa0many leaders in the industry are stepping up to assure users of their reserves.\n“The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method. It will also be made open source. We hope this would help the entire industry benefit,” Changpeng “CZ” Zhao, the CEO of Binance,recently tweeted.\nBen Zhou, CEO of Bybit, has alsoreassured clientsthat “Bybit has always [been] committed to client fund safety and guarantees 1 to 1 reserves.”\nOKX, led by founder, Mingxing “Star” Xu,recently announcedtheir fifth proof-of-reserves report showing over US$8.9 billion in “clean assets” held in the exchange reserves, including over 100% reserves for BTC, ETH and USDT.\nThis past week, Texas also jumped on the “proof of reserves” bandwagon as its House of Representatives passed a bill that would require it for crypto companies operating in the U.S. state. By requiring adequate reserves, the proposed legislation seeks to prevent situations where a company is unable to meet its obligations to customers due to insufficient funds.\nThese words and measures may help alleviate some investor concerns that their digital assets held by a crypto exchange are safe and not being used by the exchange for other purposes, such as trading or investment. However, many crypto users still do not understand the concept of “proof of reserves” and how it works.\nHere is an overview of what proof of reserves is all about, the potential gaps in how it’s being carried out, and how investors can demand more accurate and timely data for protecting their crypto holdings.\nProof-of-reserve audits are crucial in verifying that exchanges hold the total amount of crypto assets they claim to have on behalf of their customers. This gives investors the confidence to know that their assets are securely stored and not at risk of being lost or stolen. It is especially important given the recent high-profile hacks and security breaches in the industry, which have resulted in the loss of millions of dollars worth of digital assets.\nProof of reserves provides a level of accountability for crypto exchanges. By ensuring that they are holding customers’ assets safely and securely, exchanges are incentivized to maintain high levels of transparency and openness. This can help to prevent suspicious or illegal financial activities from occurring on the exchange, which is vital for the overall credibility and legitimacy of the industry. Thus, it plays a crucial role in maintaining investor confidence and promoting the growth and success of the cryptocurrency industry.\nBut many people have a mixed understanding of what proof of reserve means and what it entails. There are three methods for proof-of-reserve verification, including “public wallet address,” “third-party audit,” and the most widely used “Merkle tree” proof.\n1. Proving reserves through public wallets\nA public wallet is one method for proving reserves, which entails an exchange publicly sharing the addresses of itscrypto walletsthat contain customer funds. This approach offers a transparent and verifiable mechanism for both customers and regulators to confirm that the exchange is indeed holding the funds it claims to possess.\nThrough public wallets, customers of a crypto exchange can monitor the wallet addresses and ascertain that the funds contained in those wallets match the amounts they have deposited with the exchange. Such a high level of transparency can bolster trust between customers and the exchange and reassure customers that their funds are safe.\nApart from total transparency and enhancing accountability, a public wallet can also serve as an early warning mechanism for investors to detect any irregularities in a crypto exchange’s financial situation. For instance, if the balance of a wallet suddenly decreases without any explanation, it could signal potential fraudulent activity.\nJust a word of caution: A public wallet may not be sufficient in revealing how the reserves are being managed or invested. Hence, it is critical to view a public wallet as just one part of a more extensive transparency and oversight framework, which includes other techniques such as live audits and continuous proof of solvency.\n1. Third-party audits\nThird-party audits of proof of reserve are a method of validating an exchange’s reserves through an independent auditor. This approach aims to provide an unbiased evaluation of an exchange’s financial status and can enhance trust between customers, regulators and the exchange.\nDuring a third-party audit, the auditor investigates the exchange’s records and verifies that the funds the exchange holds correspond to the amount owed to its customers. The auditor also confirms that the funds are held in secure and auditable accounts while scrutinizing any potential irregularities or discrepancies that may indicate fraudulent activities.\nUsing third-party auditors can yield several benefits, including preventing crypto exchanges from exaggerating their reserves or engaging in fraudulent activities, fostering confidence among customers and regulators, and promoting transparency and accountability within the largely unregulated cryptocurrency industry.\nThere are some drawbacks to relying on third-party audits for proof of reserves. Finding an impartial auditor with the required expertise and experience to carry out the audit may not always be feasible. In addition, the audit may only reflect a specific snapshot of the exchange’s financial status at a particular moment in time, potentially overlooking other fraudulent activities or ongoing mismanagement.\n1. Merkle tree\nA Merkle tree is a cryptographic technique that plays a significant role in securing the blockchain. It employs a complex process that creates a series of hash values representing a block of transactions stored on the exchange. This process is done by combining the hash values of each transaction within the block, thus producing a unique hash value for the entire block.\nThe creation of this unique hash value is crucial as it provides an extra layer of security for the digital assets held by the exchange. Any attempt to tamper with a single transaction within the block would result in a change to the hash value of the entire block, which the system would detect. As a result, any unauthorized modification of the block can be quickly detected and prevented.\nFor crypto investors, verifying the hash value of their digital assets is an essential process that enables them to confirm the security of their assets. By doing so, they can be confident that their crypto assets are stored securely on the exchange and not stolen or compromised. Moreover, verifying the hash value of their assets is crucial because it helps to maintain their personal privacy regarding the total amount of assets held on the exchange.\nMerkle tree provides this added privacy by only revealing the specific block of transactions that the hash value represents while not revealing any information about the total amount of assets held by the holder. This privacy protection is crucial for holders who want to verify the security of their assets while keeping the total amount of their assets private.\nProof of reserve plays a vital role in the cryptocurrency industry for three key reasons. Firstly, it allows customers to ensure the accuracy of their holding balances and verify that their assets are safe and secure. As the cryptocurrency market lacks regulation and transparency, It is an essential tool that empowers customers to confirm that their assets are not being used for unauthorized investment purposes, such as trading or lending.\nSecondly, it incentivizes exchanges to operate in a more transparent and accountable manner. By verifying the accuracy of their reserve holdings, exchanges are held responsible for their actions, which promotes greater transparency and responsibility in the industry. This creates an environment that discourages suspicious or illegal financial activities, which is crucial for the growth and legitimacy of the market.\nThirdly, it prevents exchanges from acting like traditional banks by lending customer deposits to third parties. In the past, traditional banks have used customer deposits to make loans, putting depositors’ funds at risk. With proof of reserves, customers can verify that their assets are not being lent out, which provides peace of mind and ensures the safety and security of their assets. This important feature sets cryptocurrency exchanges apart from traditional banks and promotes trust and credibility in the industry.\nPublicly disclosing proof of reserves can have several benefits for cryptocurrency exchanges and crypto holders alike. By verifying the accuracy of reserve holdings, holders can feel confident that their assets are being securely stored and not being utilized for other purposes. This increased trust can attract more users to trade on the exchange, boosting its reputation and market share. Public proof of reserves can also help enhance the stability of an exchange’s operations by preventing the use of customers’ deposits for investment or other business activities. Many mainstream exchanges, including Binance, OKX, Bitget, KuCoin and Bybit, have publicly disclosed their reserves to showcase their commitment to transparency and security. By doing so, these exchanges create a more stable and sustainable operating environment.\nWhile this is a step in the right direction toward greater transparency and accountability, such disclosures are not foolproof and may have some flaws and loopholes. For instance, exchanges can manipulate their reserves data by temporarily moving funds into ahot walletjust for the purpose of verification. Additionally, it only proves that an exchange has enough reserves at a specific point in time, and it does not guarantee that the reserves will remain the same in the future.\nOne potential solution to the flaws is combining proof of reserve with other transparency methods. Through the use of multiple methods, it is possible to instill greater confidence in both customers and regulators regarding an exchange’s adherence to its claims of reserve holdings. This is particularly critical as an exchange’s failure to maintain adequate reserves can have far-reaching consequences, including reputational damage and financial losses.\nBy leveraging additional methods, such as live audits and continuous proof of solvency, it is possible to detect fraudulent activities in real time, thereby providing a more detailed and current view of the exchange’s financial position. This proactive approach to monitoring can enable irregularities to be immediately identified and addressed, in contrast to relying on infrequent or less comprehensive audit approaches.\nNecessary but not sufficient\nThe dynamic nature of the crypto industry suggests that proof of reserve may not be the ultimate solution but rather a building block to the development of more advanced and robust methods of verifying reserves. Despite its limitations, it is a formidable tool in the crypto industry’s quest for greater transparency and accountability. While it is true that disclosing proof of reserve is not infallible, it represents a significant stride in the right direction, as it bolsters confidence in the sector and cultivates a more mature market.\nThe widespread adoption of proof of reserve could significantly enhance the credibility and legitimacy of the crypto industry. This would benefit investors and open doors to innovative financial tools and services that could revolutionize the broader economy. Ultimately, as the crypto industry evolves and adapts, its limitations could be addressed and overcome, leading to greater trust and confidence in the sector.\nTo me, trust can be a really “cheap” word. If you are truly worried, withdraw your crypto and keep it all to yourself and only yourself.\nThe best way to test proof of reserve is to put on a stress test. If the exchange can withstand withdrawals of any sort in a timely manner, this is the best proof.', 'Proof of reserves plays a critical role in the cryptocurrency industry by providing a vital security mechanism for investors. Given the industry’s lack of regulation and transparency, investors may have reservations about putting their money into the market. In response,\xa0many leaders in the industry are stepping up to assure users of their reserves. “The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method. It will also be made open source. We hope this would help the entire industry benefit,” Changpeng “CZ” Zhao, the CEO of Binance, recently tweeted . Ben Zhou, CEO of Bybit, has also reassured clients that “Bybit has always [been] committed to client fund safety and guarantees 1 to 1 reserves.” OKX, led by founder, Mingxing “Star” Xu, recently announced their fifth proof-of-reserves report showing over US$8.9 billion in “clean assets” held in the exchange reserves, including over 100% reserves for BTC, ETH and USDT. This past week, Texas also jumped on the “proof of reserves” bandwagon as its House of Representatives passed a bill that would require it for crypto companies operating in the U.S. state. By requiring adequate reserves, the proposed legislation seeks to prevent situations where a company is unable to meet its obligations to customers due to insufficient funds. These words and measures may help alleviate some investor concerns that their digital assets held by a crypto exchange are safe and not being used by the exchange for other purposes, such as trading or investment. However, many crypto users still do not understand the concept of “proof of reserves” and how it works. Here is an overview of what proof of reserves is all about, the potential gaps in how it’s being carried out, and how investors can demand more accurate and timely data for protecting their crypto holdings. What proof of reserve does Proof-of-reserve audits are crucial in verifying that exchanges hold the total amount of crypto assets they claim to have on behalf of their customers. This gives investors the confidence to know that their assets are securely stored and not at risk of being lost or stolen. It is especially important given the recent high-profile hacks and security breaches in the industry, which have r Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $560,919,901,500 - Hash Rate: 314795888.4508713 - Transaction Count: 436461.0 - Unique Addresses: 668682.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: MicroStrategy acquired 6,555 Bitcoin for around US$150 million, at an average price of US$23,238 per coin, between Feb. 16 and March 23, said Michael Saylor, MicroStrategy’s co-founder and executive chairman. See related article:MicroStrategy’s share price hits 2-month high following Saylor reshuffle • The company holds around 138,955 worth of Bitcoin, acquired for some US$4.14 billion, at an average price of US$29,817 per Bitcoin, according to Saylor’sannouncementMonday. • MicroStrategy is the world’s largest corporate Bitcoin holder, followed by Marathon Digital Holdings that has an estimated 12,232 Bitcoin on its balance sheet, according toBitcoinTreasuries. • Saylor also added that his company repaid its US$205 million Bitcoin-collateralized loan to Silvergate bank in full, at a 22% discount. • Saylor stepped down from his role as CEOto become executive chairman last August, to focus more on the company’s “Bitcoin acquisition strategy and related Bitcoin advocacy initiatives.” • Microstrategy’s shares fell 0.21% during the day to trade at US$256,67 at 9:00 p.m. in Hong Kong. Its share price has risen 60% since the start of the year, while Bitcoin values strengthened 67% in the same period. See related article:Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’... - Reddit Posts (Sample): [['u/skymtf', 'Bryant Public Schools blocks multiple lgbt website', 205, '2023-04-26 01:44', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/', 'I heard from a high school senior about multiple domains being blocked, I went ahead and had them test and it appears most lgbt websites are blocked\n\n[HRC.org](https://HRC.org)\n\n[transhub.org](https://transhub.org)\n\n[https://www.glaad.org/](https://www.glaad.org/)\n\n[transequalitynetwork.com](https://transequalitynetwork.com)\n\n[transequality.org](https://transequality.org)\n\n[pflag.org](https://pflag.org)\n\n[transgendermap.com/](https://www.transgendermap.com/)\n\n[pinknews.com](https://pinknews.com)\n\n[pride.com](https://pride.com)\n\n[stonewall.org.uk](https://stonewall.org.uk)\n\n[gaycenter.org](https://gaycenter.org)\n\n[familyequality.org](https://familyequality.org)\n\n[lalgbtcenter.org](https://lalgbtcenter.org)\n\n[lgbt.usf.edu](https://lgbt.usf.edu)\n\n[socialjustice.rutgers.edu](https://socialjustice.rutgers.edu)\n\n[equaldex.com](https://equaldex.com)\n\n[mkelgbt.org](https://mkelgbt.org)\n\n[thecenterbak.org](https://thecenterbak.org)\n\n[lgbtq.gmu.edu](https://lgbtq.gmu.edu)\n\n[wearefamilycharlston.edu](https://wearefamilycharlston.edu)\n\n[wearefamilycharleston.org/](https://wearefamilycharleston.org/)\n\n[prismlgbtq.org](https://prismlgbtq.org)\n\n[lgbtqcenter.org](https://lgbtqcenter.org)\n\n//Liberal news sources\n\n[cnn.com](https://cnn.com)\n\n[vox.com](https://vox.com)\n\n[npr.com](https://npr.com)\n\n[https://www.ualrpublicradio.org/](https://www.ualrpublicradio.org/)\n\nMultiple right wings hate websites are not blocked including[https://www.heritage.org/](https://www.heritage.org/)\n\n[https://www.focusonthefamily.com/](https://www.focusonthefamily.com/)\n\n\n\nWill add more if more are found', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/', '12z035o', [['u/Ariintothewoods', 14, '2023-04-26 02:09', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq10g5/', 'not defending them, but i have seen many sites be blocked for keywords, such as Sex and sexuality. At my school, they managed to block making tabs, google classroom, google drive, khan academy and more for a while before being unblocked after complaint. It may be malicious, but i just think they have a flagging system. \n\nI no longer have a school owned device to check if my school has the same restrictions, but i assume it would. have you check conservative news sources to see if their blocked?', '12z035o'], ['u/FOSpiders', 39, '2023-04-26 02:37', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq4obd/', 'There are support and human rights related sites there. But of course the hate sites are still accessible. Wouldn\'t want the kiddos miss out on the lunatic conspiracy theories now, would we?\n\nIs CNN generally considered to be too centrist for the right down there to tolerate? It\'s hard for me to tell since being from outside America, CNN comes off as pretty tolerant of ridiculous Republican nonsense. Like John Oliver mentioned, a compromise between sense and nonsense is still nonsense. "It would be crazy to eat this entire bar of soap..."', '12z035o'], ['u/Radio_up', 24, '2023-04-26 02:50', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq6f0o/', 'A college website was blocked and NPR was blocked???', '12z035o'], ['u/Miri5613', 18, '2023-04-26 02:59', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq7i8x/', 'Didnt see fox on that list or church websites, nothing factual coming from those', '12z035o'], ['u/Miri5613', 12, '2023-04-26 03:00', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq7paw/', 'Smells like a right wing troll.', '12z035o'], ['u/Specvmike', 13, '2023-04-26 03:06', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhq8ifx/', 'NPR? WTF? Did they listen to Musk and are treating them like state sponsored media?', '12z035o'], ['u/Thatguyxlii', 27, '2023-04-26 03:34', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqc1wy/', 'I wonder if SPLCenter.org and aclu.org are also blocked. Or doctorswithoutborders.org, or other sites that care about human rights and equality, but they probably are. Probably adl.org as well. But I bet the sites for Christian hate groups like the Alliance Defending Freedom or the American Family Association or the Family Research Council are accessible.', '12z035o'], ['u/Thatguyxlii', 16, '2023-04-26 03:36', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqcbil/', "CNN is kind of a joke anyways. Best place to go for news is associated press, reuters or PBS, but I bet they're blocked, too, as well as the BBC news.", '12z035o'], ['u/Thatguyxlii', 12, '2023-04-26 03:41', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqcz82/', 'Focus on the Family is a Christian hate group and labelled as such by the SPLC (which is probably blocked).', '12z035o'], ['u/Smurgthemaster1234', 15, '2023-04-26 04:06', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqgdk5/', "Yeah cause news sites couldn't possibly be needed for school work 🙄", '12z035o'], ['u/djk0010', 29, '2023-04-26 05:42', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqrwee/', 'When I worked in IT at the school district, most of the Internet comes from the state, DIS specifically. And yes, just as others have stated a lot of key words are filtered by the states Internet. It’s not specifically the school district. Keywords get flagged, not much we can do about it especially since we require Internet and receive grant money from the state because in a lot of rural areas, a lot of schools can’t afford to pay millions of dollars to have decent Internet because of location and a variety of other determining factors and in a lot of those scenarios DIS provides some if not all of the bandwidth and we have to abide by their filtering rules. A lot of districts also use them as a Main and then if other ISPs are available they will have a redundant provider through Windstream or Ritter but we are still required to do filtering through the state. \n\nI’m not saying that it makes it right but the district has little to no control over it. Just want to make sure this is being viewed from all angles not just someone that took it upon themselves just to try to go to a bunch of websites and test the integrity of the firewall to see what’s blocked without knowing the IT side of it. I can’t tell you how many times I got sick and tired of having to send in unblock request to stuff that doesn’t need to be blocked, or why this is blocked and this other thing isn’t blocked.\n\nAlso, as a heads up, I wouldn’t recommend asking kids to go to some of these sites. Regardless, if they’re a senior or not and have them test to see what’s blocked, it will flag their account with a timestamp of the infraction and depending on who handles flagged request will get them into trouble and have their Internet privileges suspended. I know most of the time the phrase kids will be kids is usually the case but that’s not always the case. I doubt any of you want to spend your afternoon getting your kids Chromebook back from the principal because of some Reddit post lol. Because I promise you administration won’t care. They have a no tolerance policy and most of you with kids sign an acceptable use policy for the schools network to be granted access.', '12z035o'], ['u/skymtf', 16, '2023-04-26 06:08', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqupyw/', "that sadly does not seem to be a the case given, I had them go a few anti trans sites, and didnt get blocked, (if it were keywords that would of gotten triggered), secondly that doesnt exactly explain CNN/NPR. unless some AI just went rouge and flagged a bunch of stuff I feel like it's filtered, also looking at their configs and how things are blocked, they are using a thrid party company for DNS filtering. Keep in mind I am unsure how exactly the flagging system works, or when exactly a domain is scanned, I'm guessing if it scans my website and blocks it than we will know. but for some reason I feel like this is more targeted", '12z035o'], ['u/skymtf', 10, '2023-04-26 06:11', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhquz8l/', 'fox news is also unblocked, I did not mention it since testing every single site would of taken forever, also I cannot directly experiment with it.', '12z035o'], ['u/Tanthiel', 12, '2023-04-26 06:59', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhqznph/', 'The righties consider CNN far left.', '12z035o'], ['u/Toklankitsune', 13, '2023-04-26 12:44', 'https://www.reddit.com/r/Arkansas/comments/12z035o/bryant_public_schools_blocks_multiple_lgbt_website/jhrotkf/', 'to be fair they see Biden as far left somehow too. the windows shifted that far towards fascism. Biden would pass as a Regan era republican.', '12z035o']]], ['u/fnetma', 'Microstrategy should use some of their 140,000 BTC and add liquidity to the lightning network...', 48, '2023-04-26 03:47', 'https://www.reddit.com/r/Bitcoin/comments/12z2upi/microstrategy_should_use_some_of_their_140000_btc/', 'I know they are building a suite of products/services for the lightning network but it would be nice if they helped build up the lightning network liquidity. They could double the liquidity pretty easily and give more people and bigger players more confidence in the network.', 'https://www.reddit.com/r/Bitcoin/comments/12z2upi/microstrategy_should_use_some_of_their_140000_btc/', '12z2upi', [['u/life762', 44, '2023-04-26 04:43', 'https://www.reddit.com/r/Bitcoin/comments/12z2upi/microstrategy_should_use_some_of_their_140000_btc/jhql3sm/', "Liquidity of the lightning network will increase naturally with the number of users of the network. Idle liquidity won't increase confidence in the network. More users will.\n\nEncourage normies to start using the network.", '12z2upi']]], ['u/Dismal-Jellyfish', 'CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks." "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"', 548, '2023-04-26 04:07', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/', 'Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London\n\n[https:\\/\\/www.cftc.gov\\/PressRoom\\/SpeechesTestimony\\/oparomero8 ](https://preview.redd.it/d961g39vz4wa1.png?width=400&format=png&auto=webp&v=enabled&s=1f4de401c9a5ffa1adb8d9e91124c081a56058be)\n\n# Highlights:\n\n* "The CFTC will aggressively police fraud in digital asset markets." "\n * We have filed 73 digital assets civil prosecutions for fraud and other illegal acts, about one-third of them during my tenure." \n * "Frauds involving ponzi schemes, rug pulls, fictitious projects, empty promises, and lies about track records of success, devastate victims financially and emotionally." \n* "Digital assets pose non-bank financial stability risk." \n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets." \n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority" \n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates." \n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity." \n* "The digital asset industry should verify digital identity." \n* "Governments have a responsibility to reduce the risks that digital assets pose to financial stability." \n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks." \n* "The use of digital assets for illicit finance poses national security and other risks." \n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations" \n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology." \n\n# TIME OUT! What Treasury actually found:\n\n[ https:\\/\\/home.treasury.gov\\/system\\/files\\/136\\/DeFi-Risk-Full-Review.pdf ](https://preview.redd.it/kfbc9ngxx4wa1.png?width=1547&format=png&auto=webp&v=enabled&s=b8cf04a1aae5b8499d046585961b4c6600adb750)\n\n>Moreover, money laundering, proliferation financing, and terrorist financing most commonly occur using fiat currency or other traditional assets as opposed to virtual assets.\n\nThat dirty, dirty, dirty fiat!!!! Most common way to money launder and do other bad things?!?\n\nColor me shocked!!! It does take a little bit of the wind out of her argument though, right?\n\n# TLDRS:\n\nCFTC Commissioner Christy Goldsmith Romero Claims:\n\n* "The use of digital assets for illicit finance poses national security and other risks." \n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"\n* "Digital assets pose non-bank financial stability risk." \n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets." \n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority" \n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates." \n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity." \n* "The digital asset industry should verify digital identity." \n* The use of digital assets for illicit finance poses national security and other risks." \n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations" \n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology."\n\n# What Treasury actually found:\n\nhttps://preview.redd.it/ndhtjxnmz4wa1.png?width=1547&format=png&auto=webp&v=enabled&s=122d105197b040e0228e990df7ee416ce4e89aba\n\nhttps://preview.redd.it/ltro07ioz4wa1.png?width=610&format=png&auto=webp&v=enabled&s=3f580420214d566ddd2af6cdb28f898daf3ed7a8\n\n# Full Speech:\n\n>Tomorrow is reportedly the 12th anniversary of the day that Satoshi Nakamoto, the creator of Bitcoin and blockchain, sent his final message to developers.[\\[1\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn1) It has long been speculated that he left disillusioned after PC-World published that Bitcoin could be used for payments to WikiLeaks after it was blacklisted by banks. He walked away the day after messaging, “It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”[\\[2\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn2) \n> \n>I wonder what Satoshi thinks of the entire industry that has grown from his vision, about this past tumultuous year for that industry, and the use of Bitcoin for illicit finance. A hornet’s nest has been kicked indeed. \n> \n>Satoshi’s vision for a peer-to-peer network without a trusted third party inspired a global financial services ecosystem of intermediaries, platforms, projects, and markets. However, most digital assets today are transacted on centralized “exchanges,” that act as “trusted” third parties, differing from Satoshi’s vision. Retail and institutional participation in digital asset markets exploded in recent years to a $3 trillion valuation, in part because investors trusted in those exchanges. Trust was eroded with high-profile meltdowns and contagion, leaving investors with nearly $2 trillion in losses,[\\[3\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn3) and the industry in a crisis of trust.[\\[4\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn4) \n> \n>As a U.S. regulator in law enforcement for 21 years combatting money laundering, fraud and other crime, I will talk first about the most serious risk in digital asset markets—the use of crypto for illicit finance. I will also talk about the risk of cyber hacks, fraud, and financial stability. I will share my views about how to manage these risks, while promoting market integrity and protecting customers. \n> \n>*The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks.* \n> \n>The use of digital assets for illicit finance poses national security and other risks. Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity.[\\[5\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn5) \n> \n>In 2020, the U.S. Department of Justice (“DOJ”) dismantled three terrorist financing campaigns of Hamas, al-Qaeda, and ISIS, seizing 300 cryptocurrency accounts. One of these terrorist groups boasted that Bitcoin donations were untraceable and would be used for violent causes. DOJ has shut down darknet marketplaces, like Silk Road and Hydra. DOJ also shut down Hydra’s largest counterparty, the crypto exchange Bitzlato, which Treasury has identified as a primary money laundering concern in connection with Russian illicit financing.[\\[6\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn6) \n> \n>Cryptocurrency is used to finance cybercrime and is demanded for ransomware payments. The victims of cyber attacks can be individuals, companies, hospitals, schools, governments, the financial sector, transportation, critical infrastructure like the Colonial Pipeline, and supply chains like JBS, the world’s largest meat supplier. There have been significant cyber hacks sponsored by Russia, including related to the U.S. 2016 election, French elections in 2017, the 2018 Olympic games, and Ukraine. \n> \n>U.S. authorities worked with authorities from many nations to take down Hydra and Genesis Market, who sold account access credentials stolen from 1.5 million compromised computers.[\\[7\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn7) And in January, DOJ shut down Hive, one of the largest ransomware groups. \n> \n>The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations.[\\[8\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn8) Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology.[\\[9\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn9) \n> \n>*Digital asset technologies pose a significant risk of customer loss through cybercrime.* \n> \n>Last year was a record-setting year for crypto cybercrime with more than $3.8 billion stolen. The criminals are sophisticated, relentless, and often state actors. DeFi’s open source code and public blockchain make it vulnerable to cyber hacks, as seen by the fact that 82% of the hacks involved DeFi.[\\[10\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn10) \n> \n>Exchanges also face cyber risks. FTX CEO John Ray recently reported that FTX “grossly deprioritized and ignored cybersecurity controls” and “lacked a reasonable ability to prevent, detect, respond to, or recover from a significant cybersecurity incident, including” a $432 million breach in November.[\\[11\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn11) \n> \n>Private key management is essential. In the Ronin Bridge hack, the largest hack ever, the hackers were able to access the private keys to steal $600 million in crypto. \n> \n>Fortifying cross-chain bridges that permit users to migrate crypto assets across different blockchains is critical. Almost two-thirds of hacks affecting DeFi protocols came via breaches on cross-chain bridges.[\\[12\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn12) Binance was hacked over a cross-chain bridge in October.[\\[13\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn13) \n> \n>It’s also important to secure third party services, such as customer interfaces. Man-in-the-middle hacks exploit third party vulnerabilities, as seen in the $120 million Badger DAO hack. \n> \n>*Fraud has become a hallmark of digital asset markets, the human toll of which may be overlooked.* \n> \n>The hype and buzz around digital assets have attracted opportunists and criminals. The CFTC will aggressively police fraud in digital asset markets. We have filed 73 digital assets civil prosecutions for fraud and other illegal acts, about one-third of them during my tenure.[\\[14\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn14) This, combined with my two decades of combatting fraud, give me insight into the human toll of crypto fraud—the victims. Frauds involving ponzi schemes, rug pulls, fictitious projects, empty promises, and lies about track records of success, devastate victims financially and emotionally. \n> \n>Perhaps the worst victimization comes from scammers who prey on loneliness in romance scams and the newly emerged “pig-butchering” scam, where scammers “fatten up” victims by tricking them into believing they are in a romantic relationship, and then “butcher” them into investing in a fraudulent crypto scheme on a fake website that looks like a legitimate crypto offering or trading platform.[\\[15\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn15) \n> \n>In 2022, frauds reported to the FBI involving cryptocurrency, including pig butchering, represented the highest of any category of investment scams. Losses from these scams have increased 183% since 2021, with $2.57 billion in losses in 2022.[\\[16\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn16) \n> \n>*Digital assets pose non-bank financial stability risk.* \n> \n>Satoshi’s vision for a peer-to-peer network to transfer value without a trusted third party and outside of the traditional financial system (“Trad Fi”) is by design a shadow banking system. Much like other non-bank activity, regulators do not have visibility into risks of digital asset activity. I came to the CFTC from Treasury where for the last decade I served as the Special Inspector General over the Troubled Asset Relief Program (“SIGTARP”), in law enforcement and other work to strengthen financial stability after the 2008 financial crisis. \n> \n>Within three months of joining the CFTC, starting in June 2022, I began warning of financial stability risks in crypto markets that echoed the 2008 crisis.[\\[17\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn17) This included run risk, contagion risk, hidden exposures in opaque, complex products, and underlying assets that were not the high quality represented. I also said that because the Bitcoin (and other non-securities) markets were not regulated, regulators could not see the extent of the risk. Additionally, I warned of risks novel to crypto, such as conflicts of interests as many companies use multiple affiliates to serve as exchanges, brokers, clearing agencies, and other functions (known as vertical integration). And I warned that customer assets were commingled with company assets, and of heightened cyber risk. \n> \n>All of these risks were then publicly exposed. Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media. Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets. \n> \n>Today I want to highlight two specific areas that contribute to financial stability risk: first, the fact that customers of crypto exchanges often do not have control of their assets or bankruptcy priority, and second, conflicts of interest including vertical integration. \n> \n>Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority \n> \n>Because crypto exchanges are often structured similar to traditional exchanges and perform similar functions, they present similar financial stability risks, but they are often outside of the regulatory perimeter or unwilling to step into it. Exchanges operate “off chain” maintaining customer trades in an internal, centralized account ledger, like traditional exchanges. The exchange also maintains possession and control of the customers’ funds and crypto. \n> \n>Customers may not realize that their transaction is not on the blockchain and that they do not have keys or other control over what they would consider to be their assets. Disclosures are inadequate in both content and delivery to be effective in informing customers of their rights and risks. Customers have been held to contractual language that most have never read, much less negotiated. They often scroll through electronic disclosures without reading them and click to accept. Courts are upholding these “click-wrap agreements” as seen in the Celsius bankruptcy, where the court found that customer deposits were owned by the exchange, not the customers.[\\[18\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn18) This is further complicated when, as seen with FTX, customer assets are commingled with exchange assets.[\\[19\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn19) \n> \n>Conflicts of Interest Including Vertical Integration \n> \n>FTX’s actions with its affiliates laid bare the risk of undisclosed and unmitigated conflicts of interest—a risk that I warned about in October, a few weeks before FTX’s collapse saying:[\\[20\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn20) \n> \n>Crypto-related companies may serve multiple functions that are separated into different entities in traditional finance. An exchange may also be a market maker, clearinghouse, lender, and/or custodian. These conflicts present significant risk that in a regulated environment would be disclosed and resolved. In an unregulated environment, the full extent of these conflicts may not be disclosed or resolved, which could lead to cascading losses and contagion risk.[\\[21\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn21) \n> \n>Treasury Secretary Janet Yellen recently said that Treasury is “working to address risks associated with vertical integration of crypto-trading platforms and lack of visibility into the operations of subsidiaries and other entities across these businesses.”[\\[22\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn22) Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates. \n> \n>Managing digital asset risk \n> \n>Given that digital assets are already of significant size in the global financial system, it is imperative that these serious risks are managed. The stakes are too high. Market integrity, national security, and financial stability are non-negotiable. The private sector and governments both have a role to play in reducing these risks and in protecting customers. \n> \n>Managing National Security Risk and Illicit Finance Risk: \n> \n>To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity. While the public blockchain can provide some traceability and transparency, the use of mixers and technology designed to enhance anonymity presents substantial risk. Treasury recently sanctioned two mixers, Blender and Tornado Cash. Treasury said that Tornado Cash was used to launder $7 billion, including millions stolen by the Lazarus Group, a North Korea state-sponsored hacking group that engaged in cyber hacks to support illegal nuclear and ballistic missile programs.[\\[23\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn23) \n> \n>Law abiding customers do not want their funds mixed with North Korea cybergangs or terrorist organizations. Legally compliant crypto companies should not use these mixers. \n> \n>It is possible for all crypto companies to distance themselves from mixers and anonymity-enhanced technology, while still appropriately providing financial privacy for customers. Financial privacy is different from anonymity. TradFi provides financial privacy while verifying identity, as part of KYC (know your customer), AML, and CFT controls. The digital asset industry should verify digital identity. There are existing technologies to provide digital identity, and more being developed, which was the subject of a recent meeting of the CFTC’s Technology Advisory Committee that I sponsor.[\\[24\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn24) Exchanges as well as those offering DeFi services should verify digital identity. More often than not, DeFi services are not fully decentralized but instead maintain central parties who could verify identity, and may be held accountable to do so. Congress is also considering new laws on addressing anonymity and digital identity.[\\[25\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn25) \n> \n>The U.S. government will continue to prioritize preventing crypto’s use for illicit finance. DOJ continues to shut down crypto’s path of illicit finance. The CFTC will continue to be aggressive in enforcing the law. The CFTC brought two enforcement actions against crypto exchanges, BitMEX and Binance, alleging that they undertook activities with customers in the U.S. that required CFTC registration and that they did not follow AML controls. For example, BitMEX took no steps to verify its customers’ identities, allowing individual customers to trade simply by providing an email address.[\\[26\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn26) The CFTC brought its action in parallel with the criminal indictment of four BitMEX executives.[\\[27\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn27) Treasury has shown its willingness to sanction mixers. A couple of weeks ago, Treasury issued a report on the use of DeFi for illicit finance recommending strengthening U.S. AML/CFT supervision and, when relevant, enforcement of crypto activities, including DeFi services.[\\[28\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn28) \n> \n>Managing Financial Stability Risks: Governments have a responsibility to reduce the risks that digital assets pose to financial stability. This is still a sizeable market of around $1 trillion,[\\[29\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn29) with a lot of participating retail investors. I advocate for a same risk, same regulatory outcome approach, with the same market guardrails and customers protections (including banning commingling of customer assets and customer priority in bankruptcy) that have proven to promote financial stability. In the U.S., Congress should consider closing the regulatory gap in the Bitcoin and other non-securities spot markets.[\\[30\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn30) Congress should also consider reducing the risks of conflicts of interest, including those raised by vertical integration. This could include requiring firms to disclose and resolve conflicts of interest, and providing regulators greater visibility and oversight tools related to affiliates. \n> \n>Eliminating Cyber Vulnerabilities: Cyber experts on the Committee that I sponsor agree that it will not be sufficient to manage cyber vulnerabilities; instead, the industry must eliminate those vulnerabilities. The stakes are too high, with hacks used to fund weapons and other illegal activity, and customers without recourse when their assets are stolen in a hack. It will not be sufficient to assume that smart contracts work without fail or that there are no vulnerabilities. The industry should strengthen cybersecurity, including through code audits, fortifying cross-chain bridges, strengthening private key management, and shoring up vulnerabilities of third party services. \n> \n>Conclusion \n> \n>These are global risks with implications far more dire than Satoshi could have conceived when he talked about the hornet’s nest. Because digital assets cross borders, countering these global risks will require both private sector commitment and international government cooperation and coordination. We are stronger working together. We can leave no safe passage for illicit finance, cyber criminals, fraudsters or those who risk the stability of our global financial system.', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/', '12z3a0a', [['u/ISayBullish', 97, '2023-04-26 04:12', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqh59o/', 'Surely the CBDC would never allow any of that to occur /s\n\nBullish on DeFi', '12z3a0a'], ['u/Justanothebloke', 20, '2023-04-26 04:13', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqhapf/', 'Just using the narrative to gain control of it. A$$hats', '12z3a0a'], ['u/momkiewilson1', 32, '2023-04-26 04:17', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqhtxu/', 'Bought and paid for or too lazy to educate herself seems like your typical government employee', '12z3a0a'], ['u/Minuteman_Capital', 16, '2023-04-26 04:19', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqi2mh/', '“What meteor?”\n\n-Dinosaurs, and Fiat Regulators', '12z3a0a'], ['u/Dismal-Jellyfish', 35, '2023-04-26 04:22', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqii1y/', 'Please consider catching up on and commenting on the proposed rules around Exchange Act Rule 3b-16--["The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems"](https://www.reddit.com/r/Superstonk/comments/12m1vqn/sec_reopens_comment_period_for_proposed/)\n\nI can see this severely impacting the US\'s growth and strength in the space and with things like smart contracts. \n\nAn argument against Gary\'s approach is they chose to provide 0 guidance for years and are now cracking down. \n\nI am sure Gary will say that is congress responsibility to provide clarity (true, yet he is the one choosing to act now)\n\nI started to dig into this all more but have been completely halted to a stop by the current sub drama occupying my free time. \n\nHowever, one thought is stuck in my head: why is securities law from the 20th century, argued in the 19th century, with principles of the 18th century guiding the hand of regulation in the 21st century?', '12z3a0a'], ['u/Suitable_Mix_3795', 40, '2023-04-26 04:25', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqivo9/', 'Yes and cash has never been used for any of those things /s', '12z3a0a'], ['u/Apenoob', 16, '2023-04-26 04:33', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqju6c/', "Whew that's a relief. I thought it's been fiat this whole time...", '12z3a0a'], ['u/SolomanGundySr', 13, '2023-04-26 04:41', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqkw4z/', "Surely she's heard of Swiss Banks? Cayman Island Banks?", '12z3a0a'], ['u/ClosetCaseGrowSpace', 10, '2023-04-26 04:54', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqmfjc/', 'Exactly. Know what else is used in the commission of crime? Cars, boats, airplanes, roads, bridges, cell phones, GPS, US Mail, US Dollars…', '12z3a0a'], ['u/ThereCanOnlyBe1Miak', 11, '2023-04-26 05:11', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqof0r/', "That's absurd! There is no way I can take this government fiat in my pocket and buy illegal drugs with it. IMPOSSIBLE!!!", '12z3a0a'], ['u/RL_bebisher', 13, '2023-04-26 05:37', 'https://www.reddit.com/r/Superstonk/comments/12z3a0a/cftc_commissioner_christy_goldsmith_romero_the/jhqrc8e/', 'The CFTC should no longer have any authority over anything after they were caught committing fraud with FTX', '12z3a0a']]], ['u/Dismal-Jellyfish', 'CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks." "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"', 10, '2023-04-26 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12z3cdc/cftc_commissioner_christy_goldsmith_romero_the/', 'Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London\n\n[Source: https:\\/\\/www.cftc.gov\\/PressRoom\\/SpeechesTestimony\\/oparomero8 ](https://preview.redd.it/f5qfeuy505wa1.png?width=400&format=png&auto=webp&v=enabled&s=81109d0ff7b9c47f675b92e2ea4705c0b227f985)\n\n# Highlights:\n\n* "The CFTC will aggressively police fraud in digital asset markets." "\n * We have filed 73 digital assets civil prosecutions for fraud and other illegal acts, about one-third of them during my tenure."\n * "Frauds involving ponzi schemes, rug pulls, fictitious projects, empty promises, and lies about track records of success, devastate victims financially and emotionally."\n* "Digital assets pose non-bank financial stability risk."\n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets."\n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority"\n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates."\n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity."\n* "The digital asset industry should verify digital identity."\n* "Governments have a responsibility to reduce the risks that digital assets pose to financial stability."\n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks."\n* "The use of digital assets for illicit finance poses national security and other risks."\n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations"\n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology."\n\n# TIME OUT! What Treasury actually found:\n\n[https:\\/\\/home.treasury.gov\\/system\\/files\\/136\\/DeFi-Risk-Full-Review.pdf ](https://preview.redd.it/610s2chb05wa1.png?width=1547&format=png&auto=webp&v=enabled&s=59ac1695ab49dc98df7f1199cb2ce6cb7e3623ce)\n\n>Moreover, money laundering, proliferation financing, and terrorist financing most commonly occur using fiat currency or other traditional assets as opposed to virtual assets.\n\nThat dirty, dirty, dirty fiat!!!! Most common way to money launder and do other bad things?!?\n\nColor me shocked!!! It does take a little bit of the wind out of her argument though, right?\n\n# TLDR:\n\nCFTC Commissioner Christy Goldsmith Romero Claims:\n\n* "The use of digital assets for illicit finance poses national security and other risks."\n* "The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity"\n* "Digital assets pose non-bank financial stability risk."\n * "Digital assets have seen serious disruptions and market stresses, losing two-thirds of value in high profile meltdowns and a loss of market confidence evidenced by extremely fast runs often triggered by social media." "\n * "Many retail customers have either lost their funds or seen them tied up in bankruptcies, particularly when customer assets were commingled with company assets."\n * "Customers of Crypto Exchanges Often Do Not Have Control of their Assets or Bankruptcy Priority"\n* "Vertical integration poses significant contagion risk. The extent of contagion risk is unknown when a regulator like the CFTC regulates one company, but has no visibility into, or oversight over, affiliates."\n* "To reduce the risk of illicit finance, identity is a foundational challenge. It is essential for governments and the industry to address that which makes crypto so attractive to illicit finance—the allure of anonymity."\n* "The digital asset industry should verify digital identity."\n* The use of digital assets for illicit finance poses national security and other risks."\n * "Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity."\n* "The U.S. Department of Treasury (“Treasury”) recently found that “the most current illicit finance risk in this domain is from \\[decentralized finance\\] DeFi services that are not compliant with existing anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) obligations"\n * "Treasury found that illicit actors, including ransomware gangs, thieves, scammers, and Democratic People’s Republic of Korea cyber actors, are using DeFi services to transfer and launder illicit proceeds, exploiting vulnerabilities in the law enforcement regime as well as the DeFi technology."\n\n# Full Speech:\n\n>Tomorrow is reportedly the 12th anniversary of the day that Satoshi Nakamoto, the creator of Bitcoin and blockchain, sent his final message to developers.[\\[1\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn1) It has long been speculated that he left disillusioned after PC-World published that Bitcoin could be used for payments to WikiLeaks after it was blacklisted by banks. He walked away the day after messaging, “It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”[\\[2\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn2)I wonder what Satoshi thinks of the entire industry that has grown from his vision, about this past tumultuous year for that industry, and the use of Bitcoin for illicit finance. A hornet’s nest has been kicked indeed.Satoshi’s vision for a peer-to-peer network without a trusted third party inspired a global financial services ecosystem of intermediaries, platforms, projects, and markets. However, most digital assets today are transacted on centralized “exchanges,” that act as “trusted” third parties, differing from Satoshi’s vision. Retail and institutional participation in digital asset markets exploded in recent years to a $3 trillion valuation, in part because investors trusted in those exchanges. Trust was eroded with high-profile meltdowns and contagion, leaving investors with nearly $2 trillion in losses,[\\[3\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn3) and the industry in a crisis of trust.[\\[4\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn4)As a U.S. regulator in law enforcement for 21 years combatting money laundering, fraud and other crime, I will talk first about the most serious risk in digital asset markets—the use of crypto for illicit finance. I will also talk about the risk of cyber hacks, fraud, and financial stability. I will share my views about how to manage these risks, while promoting market integrity and protecting customers.*The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity posing national security risks.*The use of digital assets for illicit finance poses national security and other risks. Attracted by the allure of anonymity, crypto’s darkest corner facilitates the financing of terrorism, the drug trade, darknet markets, cyber gangs, money launderers, and malicious state sponsored activity.[\\[5\\]](https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8#_ftn5)In 2020, the U.S. Department of Justice (“DOJ”) dismantled three terrorist financing campaigns of Hamas, al-Qaeda, and ISIS, seizing 300 cryptocurrency accounts. One of these terrorist groups boasted that Bitcoin donations ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Join the most important conversation in crypto and web3! Secure your seat today AUSTIN, Texas — Crypto innovation and regulation can mesh, a quartet of high-profile executives agreed during a spirited panel discussion on potential changes to crypto markets at Consensus 2023 . BitGo CEO Mike Belshe, Kraken Managing Director North America Guy Hirsch, Cboe Digital President John Palmer and Cumberland DRW Global Head Chris Zuehlke noted that smart regulation stemming in no small part from the debacles of 2022 could benefit crypto by giving companies clearer guideposts and increasing public trust in the asset. "There\'s no reason why innovation and regulation have to be mutually exclusive" Zuehlke said, adding that the industry had already made significant progress in a short period. Read full coverage of Consensus 2023 here. The wide-ranging discussion came as the industry rebounds from a calamitous year when a number of major crypto-focused firms imploded and trust in digital assets waned. Regulators, particularly in the U.S., are now eyeing crypto to an unprecedented degree and some observers believe the scrutiny will hurt the industry\'s growth, or at least shift the balance of power outside the U.S. The panelists discussed new challenges for liquidity and prime brokerage, how custodial services will change, regulatory issues and requirements for exchanges to prove their reserves. The panelists noted industry anxieties about regulation\'s potential damping impact, but said the relationship between crypto firms and regulatory agencies must not be contentious. Palmer noted that Cboe Digital\'s conservative offerings, which once seemed a hindrance to adoption, have become a strength as investors search for safe, trusted vehicles to store their assets. Cboe Digital offers exchange and clearinghouse services for crypto spot and derivatives markets The Kraken exchange\'s Hirsch highlighted the need to protect client assets by creating environments where customers “can trust the venues” where they engage in digital asset transactions. The group also emphasized the need for separating assets but that notable crypto failures of 2022 were related to fraud more-so that structure. Story continues Hirsch said the challenges that befell the crypto industry in 2022, can provide an opportunity moving forward, specifically via proof-of-reserves accounting. He said that the cryptographic method allowing for verification of assets can be more reliable than audits in traditional finance. Zuehlke said that despite the crypto industry\'s 2022 woes, the banking industry\'s recent near meltdown and lingering concerns about its vulnerabilities prompted a migration to bitcoin (BTC) and other digital assets. "The cat\'s out of the bag. Bank deposits are risky in a way that people didn\'t understand," Zuehlke said. He added that bitcoin has grown more resilient, with price dislocations becoming less frequent and significant, despite recent contractions in liquidity.', 'Join the most important conversation in crypto and web3! Secure your seat today\nAUSTIN, Texas — Crypto innovation and regulation can mesh, a quartet of high-profile executives agreed during a spirited panel discussion on potential changes to crypto markets atConsensus 2023.\nBitGo CEO Mike Belshe, Kraken Managing Director North America Guy Hirsch, Cboe Digital President John Palmer and Cumberland DRW Global Head Chris Zuehlke noted that smart regulation stemming in no small part from the debacles of 2022 could benefit crypto by giving companies clearer guideposts and increasing public trust in the asset.\n"There\'s no reason why innovation and regulation have to be mutually exclusive" Zuehlke said, adding that the industry had already made significant progress in a short period.\nRead full coverage of Consensus 2023 here.\nThe wide-ranging discussion came as the industry rebounds from a calamitous year when a number of major crypto-focused firms imploded and trust in digital assets waned. Regulators, particularly in the U.S., are now eyeing crypto to an unprecedented degree and some observers believe the scrutiny will hurt the industry\'s growth, or at least shift the balance of power outside the U.S. The panelists discussed new challenges for liquidity and prime brokerage, how custodial services will change, regulatory issues and requirements for exchanges to prove their reserves.\nThe panelists noted industry anxieties about regulation\'s potential damping impact, but said the relationship between crypto firms and regulatory agencies must not be contentious.\nPalmer noted that Cboe Digital\'s conservative offerings, which once seemed a hindrance to adoption, have become a strength as investors search for safe, trusted vehicles to store their assets. Cboe Digital offers exchange and clearinghouse services for crypto spot and derivatives markets\nThe Kraken exchange\'s Hirsch highlighted the need to protect client assets by creating environments where customers “can trust the venues” where they engage in digital asset transactions. The group also emphasized the need for separating assets but that notable crypto failures of 2022 were related to fraud more-so that structure.\nHirsch said the challenges that befell the crypto industry in 2022, can provide an opportunity moving forward, specifically via proof-of-reserves accounting. He said that the cryptographic method allowing for verification of assets can be more reliable than audits in traditional finance.\nZuehlke said that despite the crypto industry\'s 2022 woes, the banking industry\'s recent near meltdown and lingering concerns about its vulnerabilities prompted a migration to bitcoin (BTC) and other digital assets.\n"The cat\'s out of the bag. Bank deposits are risky in a way that people didn\'t understand," Zuehlke said. He added that bitcoin has grown more resilient, with price dislocations becoming less frequent and significant, despite recent contractions in liquidity.', "Mad Lads is the biggest thing in NFTs right now, as the Solana profile picture (PFP) project overcame alleged extortion threats and DDOS attacks to mint out last week—and has generated over $15 million worth of trading volume since. It’s a bright spot for the Solana world after some rough months. Solana’s token and vibes were rocked by the collapse of exchange FTX and the downfall of close ally Sam Bankman-Fried in November. And then in December, the creator of Solana’s prominent NFT projects DeGods and y00ts announced that both would leave for other chains, which ultimately happened in March . Armani Ferrante, a longtime Solana developer and co-founder and CEO of Mad Lads creator Coral , told Decrypt this week that the chain’s community had “been in this very dark, very crazy kind of place” since the FTX collapse, and that it “had its soul-forging moment” in that span. ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs Ferrante added that “NFTs are super important for the network,” and described the departure of DeLabs’ DeGods to Ethereum and y00ts to Polygon as creating a chasm in the community. “There was this void,” he explained, “where the heart and soul of the NFT space needed to kind of have a new heartbeat, basically.” In that sense, he chalked part of the buzzy Mad Lads response to coincidental timing, as the project was ready to launch just weeks after those projects effectively departed Solana. But Ferrante also credited the reputation and community goodwill that he and fellow Coral co-founder Tristan Yver had built up in the space over the years. Fock it. Mad Lad #2968 sold for 3420.69 SOL 💵 $74,742.08 USD Ξ 39.95 ETH \uea00 MadLadsNFT 🛒 https://t.co/NZ848PIoaz 🧾 https://t.co/IVzY1sCzcN pic.twitter.com/xiCUL03Gko — Mad Lads Sales Bot (@MadLads_Sales) April 26, 2023 “I think a lot of folks looked at us—and I'm just speculating here—as a credible team that can execute and that are good people, fundamentally, that care a lot about the ecosystem,” he said. Mad Lads also marked the first big drop tied to Backpack , an all-in-one wallet app from Coral that’s built around its Solana xNFT, or “executable NFT,” standard. Essentially, rather than use NFTs as an access pass to token-gated content on other platforms or websites, they can contain experiences and exclusive content that’s accessible through Backpack. Story continues The Mad Lads mint was the first big launch for Backpack, which was announced last June. For Mad Lads, Coral developed an in-app story experience that resembled “a collective boss battle” against the Mad King, almost like a raid in the hit online game World of Warcraft. It was part game, part social quest, and altogether a shared experience for NFT holders. “You don't have to worry about creating new websites for your user experience,” Ferrante said of xNFTs. “You just use the NFT, and this is an incredible opportunity for creators to build new stories and create a new meta where the artwork is no longer just a piece of artwork.” So WTF are xNFTS? pic.twitter.com/LGjvHh2JFx — Mad Armani 🎒 (@armaniferrante) June 20, 2022 “It's also a living, breathing piece of computer code that can do anything,” he added. Beyond self-contained games and other types of token-gated experiences for holders, Ferrante also sees potential for NFT project creators to “get leverage with marketplaces,” for example, trading potentially valuable screen “real estate” within their apps and pointing collectors to certain trading platforms. Backpack is available in a public beta on mobile and web right now, and while xNFTs are currently permissioned due to ongoing security audits, Ferrante said, the long-term goal is to open it up to the community for anyone to build on. “The intention is: once we're confident in the security,” he said, “we'll take the permissioning off.” Ferrante promised a wave of planned announcements ahead around Backpack, including Mad Lads-related content and experiences. And longer-term, Coral wants to go broadly multi-chain with it. Currently, Ethereum is supported through the Wormhole cross-chain bridge , but Ferrante wants to see community developers help add more protocols—including Bitcoin and Ordinals . DeGods and y00ts Are Leaving Solana—Here’s How It’s Going to Work “One of the big ambitions for Backpack is to have every protocol and every blockchain inside of a single user interface,” he said. In Ferrante’s view, Mad Lads’ ascent within not only the Solana NFT space, but also its dominance atop the market-wide sales charts over the past several days, points to a rebirth for the Solana community. It’s undoing the damage from the FTX associations and the narratives that formed as a result, in his view, along with the impact of DeGods and y00ts. “It's got a super organic NFT community that hasn't gone anywhere. I think that DeGods and y00ts kind of sucked the life out of the NFT space, but I think it's totally back now,” Ferrante said. “And it's not going anywhere. It's honestly more exciting than ever.” View comments", "Mad Lads is the biggest thing in NFTs right now, as the Solana profile picture (PFP) project overcame alleged extortion threats and DDOS attacks to mint out last week—and has generated over $15 million worth of trading volume since. It’s a bright spot for the Solana world after some rough months. Solana’s token and vibes were rocked by the collapse of exchange FTX and the downfall of close ally Sam Bankman-Fried in November. And then in December, the creator of Solana’s prominent NFT projects DeGods and y00ts announced that both would leave for other chains, which ultimately happened in March . Armani Ferrante, a longtime Solana developer and co-founder and CEO of Mad Lads creator Coral , told Decrypt this week that the chain’s community had “been in this very dark, very crazy kind of place” since the FTX collapse, and that it “had its soul-forging moment” in that span. ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs Ferrante added that “NFTs are super important for the network,” and described the departure of DeLabs’ DeGods to Ethereum and y00ts to Polygon as creating a chasm in the community. “There was this void,” he explained, “where the heart and soul of the NFT space needed to kind of have a new heartbeat, basically.” In that sense, he chalked part of the buzzy Mad Lads response to coincidental timing, as the project was ready to launch just weeks after those projects effectively departed Solana. But Ferrante also credited the reputation and community goodwill that he and fellow Coral co-founder Tristan Yver had built up in the space over the years. Fock it. Mad Lad #2968 sold for 3420.69 SOL 💵 $74,742.08 USD Ξ 39.95 ETH \uea00 MadLadsNFT 🛒 https://t.co/NZ848PIoaz 🧾 https://t.co/IVzY1sCzcN pic.twitter.com/xiCUL03Gko — Mad Lads Sales Bot (@MadLads_Sales) April 26, 2023 “I think a lot of folks looked at us—and I'm just speculating here—as a credible team that can execute and that are good people, fundamentally, that care a lot about the ecosystem,” he said. Mad Lads also marked the first big drop tied to Backpack , an all-in-one wallet app from Coral that’s built around its Solana xNFT, or “executable NFT,” standard. Essentially, rather than use NFTs as an access pass to token-gated content on other platforms or websites, they can contain experiences and exclusive content that’s accessible through Backpack. Story continues The Mad Lads mint was the first big launch for Backpack, which was announced last June. For Mad Lads, Coral developed an in-app story experience that resembled “a collective boss battle” against the Mad King, almost like a raid in the hit online game World of Warcraft. It was part game, part social quest, and altogether a shared experience for NFT holders. “You don't have to worry about creating new websites for your user experience,” Ferrante said of xNFTs. “You just use the NFT, and this is an incredible opportunity for creators to build new stories and create a new meta where the artwork is no longer just a piece of artwork.” So WTF are xNFTS? pic.twitter.com/LGjvHh2JFx — Mad Armani 🎒 (@armaniferrante) June 20, 2022 “It's also a living, breathing piece of computer code that can do anything,” he added. Beyond self-contained games and other types of token-gated experiences for holders, Ferrante also sees potential for NFT project creators to “get leverage with marketplaces,” for example, trading potentially valuable screen “real estate” within their apps and pointing collectors to certain trading platforms. Backpack is available in a public beta on mobile and web right now, and while xNFTs are currently permissioned due to ongoing security audits, Ferrante said, the long-term goal is to open it up to the community for anyone to build on. “The intention is: once we're confident in the security,” he said, “we'll take the permissioning off.” Ferrante promised a wave of planned announcements ahead around Backpack, including Mad Lads-related content and experiences. And longer-term, Coral wants to go broadly multi-chain with it. Currently, Ethereum is supported through the Wormhole cross-chain bridge , but Ferrante wants to see community developers help add more protocols—including Bitcoin and Ordinals . DeGods and y00ts Are Leaving Solana—Here’s How It’s Going to Work “One of the big ambitions for Backpack is to have every protocol and every blockchain inside of a single user interface,” he said. In Ferrante’s view, Mad Lads’ ascent within not only the Solana NFT space, but also its dominance atop the market-wide sales charts over the past several days, points to a rebirth for the Solana community. It’s undoing the damage from the FTX associations and the narratives that formed as a result, in his view, along with the impact of DeGods and y00ts. “It's got a super organic NFT community that hasn't gone anywhere. I think that DeGods and y00ts kind of sucked the life out of the NFT space, but I think it's totally back now,” Ferrante said. “And it's not going anywhere. It's honestly more exciting than ever.” View comments", '(Bloomberg) -- A federal appeals court has denied Donald Trump\x92s latest effort to stop former Vice President Mike Pence from testifying before a grand jury exploring whether crimes were committed by Trump and his allies as they worked to undo President Joe Biden\x92s 2020 win. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed\x92s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe\x92s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War The order from the US Court of Appeals for the DC Circuit on Wednesday rejected a push by the former president\x92s legal team to stop Pence from being compelled to appear. A federal district judge earlier this month had rebuffed Trump\x92s position that Pence should be barred from testifying on executive privilege grounds. Unless Trump asks the full DC Circuit to weigh in or petitions the US Supreme Court to intervene, the order, which was filed under seal, clears the way for Justice Department Special Counsel Jack Smith\x92s team to enforce the subpoena for Pence\x92s appearance. Pence would be the highest-ranking former Trump administration official to go before the grand jury in connection with Smith\x92s inquiry. He has spoken publicly about rebuffing Trump\x92s demands to interfere with the certification of the electoral results by Congress on Jan. 6, 2021 \x97 but he hasn\x92t had to do so under oath. It wasn\x92t immediately clear when Pence would be scheduled to testify. A spokesperson for Smith\x92s office declined to comment. Spokespeople for Trump and Pence didn\x92t immediately return requests for comment. Much of the DC Circuit activity is under seal, but Bloomberg News previously confirmed the appeal by Trump. The public docket shows that a three-judge panel entered the order: Judges Patricia Millett and Robert Wilkins, both nominated by former President Barack Obama, and Trump nominee Judge Greg Katsas. Story continues Read More: Ex-Trump Officials Take Jan. 6 Grand Jury Inside White House Separate from Trump\x92s unsuccessful executive privilege claim, Pence had lodged a separate challenge to the subpoena on the grounds that it would violate a section of the US Constitution that shields members of the legislative branch from being forced into court to discuss their official activities. Pence\x92s attorney had argued that because of the special role the vice president plays as president of the US Senate, his activities related to presiding over the Jan. 6 joint session would fall under that protection, known as the Speech or Debate Clause. The full order from US District Chief Judge James Boasberg addressing the privilege claims raised by both Trump and Pence is under seal. In interviews and public statements, Pence and his camp indicated that Trump lost on the executive privilege issue, and that the judge had agreed the Speech or Debate Clause applied to the vice president. Pence didn\x92t specify how Boasberg drew the line between what prosecutors could and could not question him about going forward, but his spokesperson announced on April 5 that he wouldn\x92t appeal the ruling. Pence, who had the role as presiding officer when Congress met on Jan. 6, had been the subject of a pressure campaign by Trump and his allies to disrupt the certification based on the existence of slates of so-called fake electors in battleground states that Biden had won. Pence rebuffed the notion that he had legal authority to take unilateral action that day despite Trump\x92s entreaties, which were described in the final report by the special congressional committee that investigated the post-election period. (Updates with additional information about the court case and background) Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone\x92s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', '(Bloomberg) -- A federal appeals court has denied Donald Trump\x92s latest effort to stop former Vice President Mike Pence from testifying before a grand jury exploring whether crimes were committed by Trump and his allies as they worked to undo President Joe Biden\x92s 2020 win. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed\x92s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe\x92s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War The order from the US Court of Appeals for the DC Circuit on Wednesday rejected a push by the former president\x92s legal team to stop Pence from being compelled to appear. A federal district judge earlier this month had rebuffed Trump\x92s position that Pence should be barred from testifying on executive privilege grounds. Unless Trump asks the full DC Circuit to weigh in or petitions the US Supreme Court to intervene, the order, which was filed under seal, clears the way for Justice Department Special Counsel Jack Smith\x92s team to enforce the subpoena for Pence\x92s appearance. Pence would be the highest-ranking former Trump administration official to go before the grand jury in connection with Smith\x92s inquiry. He has spoken publicly about rebuffing Trump\x92s demands to interfere with the certification of the electoral results by Congress on Jan. 6, 2021 \x97 but he hasn\x92t had to do so under oath. It wasn\x92t immediately clear when Pence would be scheduled to testify. A spokesperson for Smith\x92s office declined to comment. Spokespeople for Trump and Pence didn\x92t immediately return requests for comment. Much of the DC Circuit activity is under seal, but Bloomberg News previously confirmed the appeal by Trump. The public docket shows that a three-judge panel entered the order: Judges Patricia Millett and Robert Wilkins, both nominated by former President Barack Obama, and Trump nominee Judge Greg Katsas. Story continues Read More: Ex-Trump Officials Take Jan. 6 Grand Jury Inside White House Separate from Trump\x92s unsuccessful executive privilege claim, Pence had lodged a separate challenge to the subpoena on the grounds that it would violate a section of the US Constitution that shields members of the legislative branch from being forced into court to discuss their official activities. Pence\x92s attorney had argued that because of the special role the vice president plays as president of the US Senate, his activities related to presiding over the Jan. 6 joint session would fall under that protection, known as the Speech or Debate Clause. The full order from US District Chief Judge James Boasberg addressing the privilege claims raised by both Trump and Pence is under seal. In interviews and public statements, Pence and his camp indicated that Trump lost on the executive privilege issue, and that the judge had agreed the Speech or Debate Clause applied to the vice president. Pence didn\x92t specify how Boasberg drew the line between what prosecutors could and could not question him about going forward, but his spokesperson announced on April 5 that he wouldn\x92t appeal the ruling. Pence, who had the role as presiding officer when Congress met on Jan. 6, had been the subject of a pressure campaign by Trump and his allies to disrupt the certification based on the existence of slates of so-called fake electors in battleground states that Biden had won. Pence rebuffed the notion that he had legal authority to take unilateral action that day despite Trump\x92s entreaties, which were described in the final report by the special congressional committee that investigated the post-election period. (Updates with additional information about the court case and background) Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone\x92s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', 'The Bitcoin Legal Defense Fund (BLDF), a non-profit co-founded by Block (formerly Square) CEO Jack Dorsey, announced Wednesday that it is supporting the legal defense for a number of Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading.\n“The Bitcoin Legal Defense Fund has stepped up to fight for more than just Bitcoin—we are here to defend the right to build free, open-source software without fear,” Jessica Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund, toldDecrypt.\nThe announcement comes on the same day the Bitcoin Core developers filed their substantive defense in a UK court.\nThe lawsuit, “Tulip Trading Limited v. Bitcoin Association For BSV & Others,” Jonas says, stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own.\nAlthough BLDF calls the claims frivolous, Jonas says the Bitcoin Legal Defense Fund is backing 13 Bitcoin developers in two separate cases initiated by Wright or his associated companies and is calling the cases attacks on fundamental principles of freedom.\n“We need to take them seriously and defend them fervently because the potential stakes are too high to ignore,” Jonas said.\nAt issue in the case, Jonas says, is whether Bitcoin developers have a fiduciary duty to Bitcoin users.\n“Wright is arguing that they owe a fiduciary duty, and as such, they should be obligated to create a ‘backdoor’ to allow him to access coins he claims to have lost,” she said, adding that it would compromise Bitcoin’s core feature as a fully distributed open-source software to do so, since by design no individual or group can retroactively alter the blockchain.\nThe group hopes to rally public support against this and future legal attacks by Wright.\n“By rallying the public and demonstrating widespread support for the defendants, we aim to show Wright and his team that their legal tactics will not go unchallenged,” Jonas said.\nSince 2016, the controversial Australian computer scientist has launched severallawsuits, including accusing sites posting the Bitcoin whitepaper of copyright infringement afterclaimingto be the creator of Bitcoin, Satoshi Nakamoto. Earlier this month, Wrighthintedthat Apple might be violating copyright law when it was discovered that a copy of the Bitcoin whitepaper had beenhiddenon Apple’s computers since at least 2018.\nThe Bitcoin Association for BSV has not yet responded toDecrypt’srequest for comment.', 'The Bitcoin Legal Defense Fund (BLDF), a non-profit co-founded by Block (formerly Square) CEO Jack Dorsey, announced Wednesday that it is supporting the legal defense for a number of Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading.\n“The Bitcoin Legal Defense Fund has stepped up to fight for more than just Bitcoin—we are here to defend the right to build free, open-source software without fear,” Jessica Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund, toldDecrypt.\nThe announcement comes on the same day the Bitcoin Core developers filed their substantive defense in a UK court.\nThe lawsuit, “Tulip Trading Limited v. Bitcoin Association For BSV & Others,” Jonas says, stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own.\nAlthough BLDF calls the claims frivolous, Jonas says the Bitcoin Legal Defense Fund is backing 13 Bitcoin developers in two separate cases initiated by Wright or his associated companies and is calling the cases attacks on fundamental principles of freedom.\n“We need to take them seriously and defend them fervently because the potential stakes are too high to ignore,” Jonas said.\nAt issue in the case, Jonas says, is whether Bitcoin developers have a fiduciary duty to Bitcoin users.\n“Wright is arguing that they owe a fiduciary duty, and as such, they should be obligated to create a ‘backdoor’ to allow him to access coins he claims to have lost,” she said, adding that it would compromise Bitcoin’s core feature as a fully distributed open-source software to do so, since by design no individual or group can retroactively alter the blockchain.\nThe group hopes to rally public support against this and future legal attacks by Wright.\n“By rallying the public and demonstrating widespread support for the defendants, we aim to show Wright and his team that their legal tactics will not go unchallenged,” Jonas said.\nSince 2016, the controversial Australian computer scientist has launched severallawsuits, including accusing sites posting the Bitcoin whitepaper of copyright infringement afterclaimingto be the creator of Bitcoin, Satoshi Nakamoto. Earlier this month, Wrighthintedthat Apple might be violating copyright law when it was discovered that a copy of the Bitcoin whitepaper had beenhiddenon Apple’s computers since at least 2018.\nThe Bitcoin Association for BSV has not yet responded toDecrypt’srequest for comment.', 'The Bitcoin Legal Defense Fund (BLDF), a non-profit co-founded by Block (formerly Square) CEO Jack Dorsey, announced Wednesday that it is supporting the legal defense for a number of Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading. “The Bitcoin Legal Defense Fund has stepped up to fight for more than just Bitcoin—we are here to defend the right to build free, open-source software without fear,” Jessica Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund, told Decrypt . The announcement comes on the same day the Bitcoin Core developers filed their substantive defense in a UK court. The lawsuit, “Tulip Trading Limited v. Bitcoin Association For BSV & Others,” Jonas says, stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own. Although BLDF calls the claims frivolous, Jonas says the Bitcoin Legal Defense Fund is backing 13 Bitcoin developers in two separate cases initiated by Wright or his associated companies and is calling the cases attacks on fundamental principles of freedom. “We need to take them seriously and defend them fervently because the potential stakes are too high to ignore,” Jonas said. At issue in the case, Jonas says, is whether Bitcoin developers have a fiduciary duty to Bitcoin users. “Wright is arguing that they owe a fiduciary duty, and as such, they should be obligated to create a ‘backdoor’ to allow him to access coins he claims to have lost,” she said, adding that it would compromise Bitcoin’s core feature as a fully distributed open-source software to do so, since by design no individual or group can retroactively alter the blockchain. The group hopes to rally public support against this and future legal attacks by Wright. “By rallying the public and demonstrating widespread support for the defendants, we aim to show Wright and his team that their legal tactics will not go unchallenged,” Jonas said. Story continues Since 2016, the controversial Australian computer scientist has launched several lawsuits , including accusing sites posting the Bitcoin whitepaper of copyright infringement after claiming to be the creator of Bitcoin, Satoshi Nakamoto. Earlier this month, Wright hinted that Apple might be violating copyright law when it was discovered that a copy of the Bitcoin whitepaper had been hidden on Apple’s computers since at least 2018. The Bitcoin Association for BSV has not yet responded to Decrypt’s request for comment.', '(Bloomberg) -- A senior executive in Japan’s ruling party said he’ll seek to pass a law promoting understanding of the LGBTQ community before the country hosts the Group of Seven summit in less than a month. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Toshiaki Endo, who heads the Liberal Democratic Party’s general affairs council, said he’s willing to have the ruling coalition submit a bill without opposition backing if no agreement can be reached. Endo, a lower house lawmaker, was speaking in an interview in Tokyo on Wednesday. Japan is alone among the G-7 wealthy democracies in not having laws to ban discrimination against LGBTQ people or give legal recognition to same-sex unions. That’s despite Prime Minister Fumio Kishida last year signing up to the group’s communique, which laid out a commitment to protecting the community from discrimination. “As the ruling party, it’s important for us to take responsibility and submit the bill,” Endo said. “Even if the opposition resists it, the LDP and Komeito will put it forward,” he said, referring to the junior coalition party. The comments from Endo signal a possible shift in the conservative LDP, which has been criticized by one of its prominent members for dragging its feet on the bill. Other G-7 members have pressed Kishida’s government to take steps to protect sexual minorities prior to the summit as a show of unity with other democracies. A sticking point is how far the bill goes in addressing unfair practices. Some conservative forces have balked at a clause that says “discrimination will not be tolerated,” which the opposition have sought to include. Endo said he would try to seek consensus by using expressions like “unfair discrimination will not be tolerated.” Story continues While the issue is controversial within the LDP, opinion polls show a majority of the public agrees on the need for the law and is in favor of allowing same-sex marriage. Business lobbies complain that the lack of legal rights for sexual minorities hampers efforts to attract global talent. Kishida was forced to fire an aide who made discriminatory remarks about the LGBTQ community earlier this year, prompting the LDP to seek to move ahead with the long-delayed bill promoting understanding of LGBTQ issues. While it doesn’t enable same-sex marriage, the law would potentially allow local governments to devote resources to the matter. With only weeks to go before the summit in Kishida’s hometown of Hiroshima, discussions restarted in the LDP this week. Komeito leader Natsuo Yamaguchi also pressed the prime minister in a Tuesday meeting to have the ruling coalition submit the bill and pass it ahead of the summit, according to the party’s website. --With assistance from Isabel Reynolds and Emi Urabe. Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', '(Bloomberg) -- A senior executive in Japan’s ruling party said he’ll seek to pass a law promoting understanding of the LGBTQ community before the country hosts the Group of Seven summit in less than a month. Most Read from Bloomberg Tesla Drops Model Y Starting Price Below the Average US Vehicle Fed’s Jerome Powell Tricked by Russian Pranksters Posing as Zelenskiy US Economic Growth Slows to 1.1% While Inflation Accelerates Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Toshiaki Endo, who heads the Liberal Democratic Party’s general affairs council, said he’s willing to have the ruling coalition submit a bill without opposition backing if no agreement can be reached. Endo, a lower house lawmaker, was speaking in an interview in Tokyo on Wednesday. Japan is alone among the G-7 wealthy democracies in not having laws to ban discrimination against LGBTQ people or give legal recognition to same-sex unions. That’s despite Prime Minister Fumio Kishida last year signing up to the group’s communique, which laid out a commitment to protecting the community from discrimination. “As the ruling party, it’s important for us to take responsibility and submit the bill,” Endo said. “Even if the opposition resists it, the LDP and Komeito will put it forward,” he said, referring to the junior coalition party. The comments from Endo signal a possible shift in the conservative LDP, which has been criticized by one of its prominent members for dragging its feet on the bill. Other G-7 members have pressed Kishida’s government to take steps to protect sexual minorities prior to the summit as a show of unity with other democracies. A sticking point is how far the bill goes in addressing unfair practices. Some conservative forces have balked at a clause that says “discrimination will not be tolerated,” which the opposition have sought to include. Endo said he would try to seek consensus by using expressions like “unfair discrimination will not be tolerated.” Story continues While the issue is controversial within the LDP, opinion polls show a majority of the public agrees on the need for the law and is in favor of allowing same-sex marriage. Business lobbies complain that the lack of legal rights for sexual minorities hampers efforts to attract global talent. Kishida was forced to fire an aide who made discriminatory remarks about the LGBTQ community earlier this year, prompting the LDP to seek to move ahead with the long-delayed bill promoting understanding of LGBTQ issues. While it doesn’t enable same-sex marriage, the law would potentially allow local governments to devote resources to the matter. With only weeks to go before the summit in Kishida’s hometown of Hiroshima, discussions restarted in the LDP this week. Komeito leader Natsuo Yamaguchi also pressed the prime minister in a Tuesday meeting to have the ruling coalition submit the bill and pass it ahead of the summit, according to the party’s website. --With assistance from Isabel Reynolds and Emi Urabe. Most Read from Bloomberg Businessweek A Tax Loophole Makes EV Leasing a No-Brainer in the US At Charles Schwab, Being a Big Bank Has Become a Big Problem Good Luck Paying for Those $10,000 Obesity Drugs Everyone’s Talking About Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins Biden Sparks a $2 Trillion Arms Race Over Chips, Green Subsidies ©2023 Bloomberg L.P.', 'By Kevin Buckland\nTOKYO, April 27 (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession.\nThe risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session.\nThe yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda.\nEurope\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year.\nThe dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00.\nGermany again revised up growth forecasts on Wednesday, and a survey showed a continued pickup in consumer confidence.\nBy contrast, U.S. capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. The mood wasn\'t helped by First Republic Bank\'s continued slump, or the continued wrangling over an extension to the U.S. debt ceiling.\n"The resilient euro zone economy alongside underlying inflation that is still going up and not down can see the ECB maintain their hawkish stance, supporting EUR," Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia, wrote in a client note.\nAt the same time, U.S. inflation is showing a stubborn disconnect with growth, keeping pressure on the Federal Open Market Committee to tighten policy further, Clifton said.\n"The risk of more than one hike to the (Fed) Funds rate is an upside risk to the USD in coming months."\nTraders currently lay 80% odds on another quarter-point hike on May 3, but that is seen as the likely peak, with as many as two quarter-point cuts priced in for the end of the year.\nIG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar. As long as the pair is below monthly resistance at around 1.1075, "EUR/USD remains vulnerable to a pullback to 1.0800," he wrote in a report.\nMeanwhile, the dollar was little changed at 133.63 yen . The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December.\nAussie dollar traders are more confident that the Reserve Bank of Australia will keep rates unchanged for a second meeting next week after some softness in consumer inflation data on Wednesday.\nThe currency was flat at $0.6603 on Thursday, after dipping to a 1 1/2-month low of $0.6592 in the previous session.\nBitcoin firmed to around $29,060, following a day when it jumped as high as $30,022, only to then slide as low as $27,242.\nIG\'s Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order."\nProvided bitcoin can remain above $25,000, Sycamore expects the token to test this month\'s high at $31,035.\n(Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland TOKYO, April 27 (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda. Europe\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year. The dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00. Germany again revised up growth forecasts on Wednesday, and a survey showed a continued pickup in consumer confidence. By contrast, U.S. capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. The mood wasn\'t helped by First Republic Bank\'s continued slump, or the continued wrangling over an extension to the U.S. debt ceiling. "The resilient euro zone economy alongside underlying inflation that is still going up and not down can see the ECB maintain their hawkish stance, supporting EUR," Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia, wrote in a client note. At the same time, U.S. inflation is showing a stubborn disconnect with growth, keeping pressure on the Federal Open Market Committee to tighten policy further, Clifton said. "The risk of more than one hike to the (Fed) Funds rate is an upside risk to the USD in coming months." Traders currently lay 80% odds on another quarter-point hike on May 3, but that is seen as the likely peak, with as many as two quarter-point cuts priced in for the end of the year. Story continues IG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar. As long as the pair is below monthly resistance at around 1.1075, "EUR/USD remains vulnerable to a pullback to 1.0800," he wrote in a report. Meanwhile, the dollar was little changed at 133.63 yen . The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December. Aussie dollar traders are more confident that the Reserve Bank of Australia will keep rates unchanged for a second meeting next week after some softness in consumer inflation data on Wednesday. The currency was flat at $0.6603 on Thursday, after dipping to a 1 1/2-month low of $0.6592 in the previous session. Bitcoin firmed to around $29,060, following a day when it jumped as high as $30,022, only to then slide as low as $27,242. IG\'s Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order." Provided bitcoin can remain above $25,000, Sycamore expects the token to test this month\'s high at $31,035. (Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland TOKYO (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda. Europe\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year. The dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, following a 0.42% slide on Wednesday, when it touched a near two-week low of 101.00. Germany again revised up growth forecasts on Wednesday, and a survey showed a continued pickup in consumer confidence. By contrast, U.S. capital goods spending fell more than expected in the latest data overnight, adding to jitters about a downturn. The mood wasn\'t helped by First Republic Bank\'s continued slump, or the continued wrangling over an extension to the U.S. debt ceiling. "The resilient euro zone economy alongside underlying inflation that is still going up and not down can see the ECB maintain their hawkish stance, supporting EUR," Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia, wrote in a client note. At the same time, U.S. inflation is showing a stubborn disconnect with growth, keeping pressure on the Federal Open Market Committee to tighten policy further, Clifton said. "The risk of more than one hike to the (Fed) Funds rate is an upside risk to the USD in coming months." Traders currently lay 80% odds on another quarter-point hike on May 3, but that is seen as the likely peak, with as many as two quarter-point cuts priced in for the end of the year. Story continues IG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar. As long as the pair is below monthly resistance at around 1.1075, "EUR/USD remains vulnerable to a pullback to 1.0800," he wrote in a report. Meanwhile, the dollar was little changed at 133.63 yen. The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December. Aussie dollar traders are more confident that the Reserve Bank of Australia will keep rates unchanged for a second meeting next week after some softness in consumer inflation data on Wednesday. The currency was flat at $0.6603 on Thursday, after dipping to a 1 1/2-month low of $0.6592 in the previous session. Bitcoin firmed to around $29,060, following a day when it jumped as high as $30,022, only to then slide as low as $27,242. IG\'s Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order." Provided bitcoin can remain above $25,000, Sycamore expects the token to test this month\'s high at $31,035. (Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland\nTOKYO (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe\'s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession.\nThe risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session.\nThe yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda.\nEurope\'s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year.\nThe dollar index - which measures the greenback against six major peers, with the euro the most heavily weighted - was little changed at 101.41, followin Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $561,387,401,269 - Hash Rate: 314795888.4508713 - Transaction Count: 418912.0 - Unique Addresses: 673213.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ecoark Holdings, Inc. LAS VEGAS, March 14, 2023 (GLOBE NEWSWIRE) -- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“ Ault Alliance ” or “ Company ” ) and Ecoark Holdings, Inc. , to be renamed BitNile Metaverse Inc. (“ Ecoark ”) (Nasdaq: ZEST) announced today that in just 12 days from the launch of the early access version of its metaverse platform (“ Platform ”), BITNILE.COM has surpassed the milestone of 225,000 7-day active users. The Platform, which went live to the public on March 1, 2023, offers a preview of the foundational world and related activities. New features and functionality are continuing to be added weekly, including 3D immersive games, eCommerce, live streaming entertainment, and social networking. The Platform will have a tiered rewards system that incentivizes users to visit often and remain for longer durations. Advertisers are expected to benefit from the increased “stickiness” and innovative advertising models unique to the metaverse. The Platform is device-agnostic, enabling end-users to access the metaverse via a web browser on any modern device, including mobile phones, tablets, PCs, and VR headsets. Milton “Todd” Ault, III, the Executive Chairman of Ault Alliance, stated, “We are excited that BITNILE.COM has achieved this milestone of surpassing 225,000 active users and congratulate the BITNILE.COM team on their hard work to provide such a unique and engaging experience. We look forward to providing regular updates, so all our members and visitors have a guide on what is new and determine what they want to do next. In time, we look forward to providing a world that is limitless.” “The number of active users on BITNILE.COM in less than two weeks since launch supports our belief that if you make the metaverse more accessible, people will come,” said Douglas Gintz, President of BITNILE.COM, Inc. “Traditionally, the metaverse has been accessible only through VR headsets or downloaded apps. By taking a browser-first approach, we’ve removed a significant barrier to entry for consumers and businesses wishing to participate.” The Company encourages the public to use this link, https://bitnile.com , and experience first-hand the early access version of the Platform and subsequent updates. For more information on Ault Alliance and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including a metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Story continues About Ecoark Holdings, Inc. (to be renamed BitNile Metaverse Inc.) Founded in 2011, Ecoark, soon to be renamed BitNile Metaverse, owns 100% of BitNile.com, Inc., including the BITNILE.COM metaverse platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BitNile.com, Inc., Ecoark also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly, 100% of Zest Labs, Inc. directly and approximately 89% of Agora Digital Holdings Inc. directly. Ecoark also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and neither Ault Alliance nor Ecoark undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the continuation of high oil prices, the acceptance of the Platform by individuals, competition with much larger companies operating metaverses, Ecoark’s ability to raise capital, and state regulation of bitcoin mining, investors should review risk factors, that could affect either or both of the Ault Alliance’s and Ecoark’s respective businesses and financial results which are included in Ault Alliance’s and Ecoark’s respective filings with the U.S. Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the companies’ websites at www.Ault.com and www.ecoarkusa.com , respectively. Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235 Ecoark Holdings Investor Contact: [email protected] or 1-800-762-7293 View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific.\nIn an announcement Thursday, the minersaidthat Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky.\nGreenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities.\nAs recently as December, the minersaidit had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was consideringvoluntary bankruptcyin the midst of a relentless bear market. It hasn't helped either that Greenidge has become acontroversial company, drawing attention fromactivists and legislators who have criticized the miner for its environmental practices.\nAnd last year, the New York Department of Environmental Conservation (DEC) denied Greenidge’s air permit renewal, citing issues like its failure to prove “adequate GreenHouse Gas (GHG) mitigation measures.” The company's now challenging that denial in court.\nNow, with Thursday's announcement, the miner says it has turned a page. Chief Executive Officer of Greenidge Dave Anderson said in a release that the Core Scientific partnership “will significantly improve our profitability as we move forward.”\nBitcoin mining, whichinvolves using powerful computers to verify transactions on the blockchain, has been hit hard by the current bear market. The price of Bitcoin has tumbled a long way from its all-time high of $69,044, which it saw in November 2021. Since then, mining operations have struggled to make profit.\nMiners are usually big operations consisting of warehouses hosting expensive computer machinery. A number of operations have had to sell their Bitcoin rewards or close down completely.\nEditor's Note: This article was updated to clarify that Greenidge considered bankruptcy because of the bear market, not criticism from activists and or lawmakers, and that it is challenging the denial of air permit renewal.", "Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific. In an announcement Thursday, the miner said that Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky. Greenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities. As recently as December, the miner said it had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was considering voluntary bankruptcy in the midst of a relentless bear market. It hasn't helped either that Greenidge has become a controversial company , drawing attention from activists and legislators who have criticized the miner for its environmental practices. And last year, the New York Department of Environmental Conservation (DEC) denied Greenidge’s air permit renewal, citing issues like its failure to prove “adequate GreenHouse Gas (GHG) mitigation measures.” The company's now challenging that denial in court. What the Next Level of Bitcoin Mining Difficulty Will Bring Now, with Thursday's announcement, the miner says it has turned a page. Chief Executive Officer of Greenidge Dave Anderson said in a release that the Core Scientific partnership “will significantly improve our profitability as we move forward.” Bitcoin mining , which involves using powerful computers to verify transactions on the blockchain, has been hit hard by the current bear market. The price of Bitcoin has tumbled a long way from its all-time high of $69,044, which it saw in November 2021. Since then, mining operations have struggled to make profit. Miners are usually big operations consisting of warehouses hosting expensive computer machinery. A number of operations have had to sell their Bitcoin rewards or close down completely. Editor's Note: This article was updated to clarify that Greenidge considered bankruptcy because of the bear market, not criticism from activists and or lawmakers, and that it is challenging the denial of air permit renewal.", "Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific.\nIn an announcement Thursday, the minersaidthat Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky.\nGreenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities.\nAs recently as December, the minersaidit had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was consideringvoluntary bankruptcyin the midst of a relentless bear market. It hasn't helped either that Greenidge has become acontroversial company, drawing attention fromactivists and legislators who have criticized the miner for its environmental practices.\nAnd last year, the New York Department of Environmental Conservation (DEC) denied Greenidge’s air permit renewal, citing issues like its failure to prove “adequate GreenHouse Gas (GHG) mitigation measures.” The company's now challenging that denial in court.\nNow, with Thursday's announcement, the miner says it has turned a page. Chief Executive Officer of Greenidge Dave Anderson said in a release that the Core Scientific partnership “will significantly improve our profitability as we move forward.”\nBitcoin mining, whichinvolves using powerful computers to verify transactions on the blockchain, has been hit hard by the current bear market. The price of Bitcoin has tumbled a long way from its all-time high of $69,044, which it saw in November 2021. Since then, mining operations have struggled to make profit.\nMiners are usually big operations consisting of warehouses hosting expensive computer machinery. A number of operations have had to sell their Bitcoin rewards or close down completely.\nEditor's Note: This article was updated to clarify that Greenidge considered bankruptcy because of the bear market, not criticism from activists and or lawmakers, and that it is challenging the denial of air permit renewal.", 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin steadies itself comfortably above $29K. One analyst says that investors are now looking for assets that retain their value. Insights: Captain Kirk drops his first NFT collection and speaks boldly about crypto\'s potential in a Consensus 2023 discussion. Prices CoinDesk Market Index (CMI) 1,252 +17.3 ▲ 1.4% Bitcoin (BTC) $29,553 +709.8 ▲ 2.5% Ethereum (ETH) $1,912 +15.5 ▲ 0.8% S&P 500 4,135.35 +79.4 ▲ 2.0% Gold $1,998 +7.7 ▲ 0.4% Nikkei 225 28,457.68 +41.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,252 +17.3 ▲ 1.4% Bitcoin (BTC) $29,553 +709.8 ▲ 2.5% Ethereum (ETH) $1,912 +15.5 ▲ 0.8% S&P 500 4,135.35 +79.4 ▲ 2.0% Gold $1,998 +7.7 ▲ 0.4% Nikkei 225 28,457.68 +41.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Above $29K; Ether Rises Over $1.9K Bitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday. The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday\'s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding. Since spiking approximately 40% in January, bitcoin and other cryptos have been stubbornly resistant to industry mishaps and wider macroeconomic uncertainty. "The operative word here is resilience," said Michael Sonnenshein, CEO at crypto asset management company Grayscale Investments, told CoinDesk TV on the opening day of the Consensus 2023 conference in Austin, Texas. "Despite recent setbacks whether it be trust or certain businesses that were once integral to crypto that are no longer around, what we\'re seeing is resilience." Story continues Sonnenshein added: "It\'s really encouraging time and again as this industry gets challenged, it demonstrates its strengths and comes out stronger." Grayscale and CoinDesk share the same parent company, Digital Currency Group. Ether was recently trading above $1,910, up about 0.8% from Wednesday, same time. Other major cryptocurrencies were recently up marginally little more than 36 hours after they had fallen well into the red. The CoinDesk Market Index , a measure of crypto markets performance, recently climbed 0.8%. U.S. equity markets rose as surprisingly strong earnings from tech giants Microsoft, Google parent Alphabet and, most recently Meta Platforms, trumped concerns about unexpectedly sluggish 1.1% growth in first-quarter GDP and the struggles of regional bank First Republic. The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, climbed 2.4% and 2%, respectively. Investors will now be focusing on next week\'s Federal Open Market Committee (FOMC) interest rate decision. The CME FedWatch Tool is currently showing an 87% probability of a third consecutive 25-basis point rate hike, although Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email that the U.S. central bank is close to ending this type of monetary hawkishness. The Federal Reserve will be able to move forward with one, perhaps two, more rate hikes, "but then that should be it," Moya wrote. "Today’s economic data painted a picture of an economy that is slowing down, inflation is temporarily accelerating, and the labor market is softening." Meanwhile, Bob Baxley, chief technology officer at decentralized finance (DeFi) platform Maverick Protocol, told CoinDesk\'s Jocelyn Yang that bitcoin’s performance in recent days reflects investors’ confidence in the crypto’s ability to hold value even during unsettling events. “Bitcoin and other crypto assets have clearly been performing as the sort of safe haven that many had hoped this technology class would become,” Baxley told CoinDesk in an email. Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +4.5% Smart Contract Platform Solana SOL +3.6% Smart Contract Platform Bitcoin BTC +2.5% Currency Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −0.1% Currency Loopring LRC −0.1% Smart Contract Platform Insights William Shatner is speeding to Web3 at warp 9. The original "Star Trek" captain and longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, at CoinDesk’s Consensus 2023 conference. Infinite Connections comprises two collections: Cosmic Explorer, with 2,500 NFTs that feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations. Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character. The other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities. "NFTs are slowly becoming more artistic," Shatner said backstage at the conference. "These, developed by Orange Comet, are among the most artistic that I\'ve ever seen." To create and release his collection, Shatner worked with Orange Comet, a Web3 entertainment company that recently raised $7 million in a funding round. The company has also worked with former National Basketball Association star Scottie Pippen , Sir Anthony Hopkins and the hit TV show " The Walking Dead ." Orange Comet CEO Dave Broome, who also spoke at the conference, revealed how the deal with Shatner occurred, and how Shatner\'s intellectual curiosity was a key component. "This is a man at 92 who is still inquiring, and still has an ability to learn and embrace technology and understanding what it could do," Broome said. "What we\'re interested in doing is taking someone like iconic legendary William Shatner and all of the millions and millions of fans that he has, and bring them over into web3." Read the full story here : Important events Consensus 2023 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Gross Domestic Product s.a. (YoY/Q1) 8:00 p.m. HKT/SGT(12:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Consensus 2023: Anthony Scaramucci Addresses FTX\'s Implosion; Erik Voorhees on Future of DeFi "First Mover" was live in Austin, Texas, as Consensus 2023 continued with special guests, including SkyBridge Capital founder and managing partner Anthony Scaramucci, ShapeShift founder Erik Voorhees, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger, Polygon Labs Chief Policy Officer Rebecca Rettig, and EY Global Blockchain Leader Paul Brody. Headlines Arbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’ : Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Arbitrum, from the newly created Arbitrum DAO that now controls it. Bahamian Prime Minister Doesn’t Regret FTX : Philip Davis says the country is “open for business” for legitimate digital-assets companies. Sustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy : Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions. Bitcoin\'s \'Estimated Leverage Ratio\' Hits Lowest Point Since December 2021 : The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant. Ex-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm, Source : A16z’s former chief technology officer, Riyaz Faizullabhoy, and former Chief Information Security Officer Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin steadies itself comfortably above $29K. One analyst says that investors are now looking for assets that retain their value.\nInsights:Captain Kirk drops his first NFT collection and speaks boldly about crypto\'s potential in a Consensus 2023 discussion.\nCoinDesk Market Index (CMI)\n1,252\n+17.3▲1.4%\nBitcoin (BTC)\n$29,553\n+709.8▲2.5%\nEthereum (ETH)\n$1,912\n+15.5▲0.8%\nS&P 500\n4,135.35\n+79.4▲2.0%\nGold\n$1,998\n+7.7▲0.4%\nNikkei 225\n28,457.68\n+41.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,252", "+17.3\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,553", "+709.8\\u25b22.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,912", "+15.5\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,135.35", "+79.4\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,998", "+7.7\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,457.68", "+41.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Above $29K; Ether Rises Over $1.9K\nBitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday.\nThe largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday\'s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding.\nSince spiking approximately 40% in January, bitcoin and other cryptos have been stubbornly resistant to industry mishaps and wider macroeconomic uncertainty.\n"The operative word here is resilience," said Michael Sonnenshein, CEO at crypto asset management company Grayscale Investments, told CoinDesk TV on the opening day of the Consensus 2023 conference in Austin, Texas. "Despite recent setbacks whether it be trust or certain businesses that were once integral to crypto that are no longer around, what we\'re seeing is resilience."\nSonnenshein added: "It\'s really encouraging time and again as this industry gets challenged, it demonstrates its strengths and comes out stronger."\nGrayscale and CoinDesk share the same parent company, Digital Currency Group.\nEther was recently trading above $1,910, up about 0.8% from Wednesday, same time. Other major cryptocurrencies were recently up marginally little more than 36 hours after they had fallen well into the red. TheCoinDesk Market Index, a measure of crypto markets performance, recently climbed 0.8%.\nU.S. equity markets rose as surprisingly strong earnings from tech giants Microsoft, Google parent Alphabet and, most recently Meta Platforms, trumped concerns about unexpectedly sluggish 1.1% growth in first-quarter GDP and the struggles of regional bank First Republic. The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, climbed 2.4% and 2%, respectively.\nInvestors will now be focusing on next week\'s Federal Open Market Committee (FOMC) interest rate decision. TheCME FedWatch Toolis currently showing an 87% probability of a third consecutive 25-basis point rate hike, although Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email that the U.S. central bank is close to ending this type of monetary hawkishness. The Federal Reserve will be able to move forward with one, perhaps two, more rate hikes, "but then that should be it," Moya wrote. "Today’s economic data painted a picture of an economy that is slowing down, inflation is temporarily accelerating, and the labor market is softening."\nMeanwhile, Bob Baxley, chief technology officer atdecentralized finance(DeFi) platform Maverick Protocol, told CoinDesk\'s Jocelyn Yang that bitcoin’s performance in recent days reflects investors’ confidence in the crypto’s ability to hold value even during unsettling events.\n“Bitcoin and other crypto assets have clearly been performing as the sort of safe haven that many had hoped this technology class would become,” Baxley told CoinDesk in an email.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.5%", "DACS Sector": "Currency"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nWilliam Shatner is speeding to Web3 at warp 9.\nThe original"Star Trek" captainand longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, at CoinDesk’sConsensus 2023conference.\nInfinite Connections comprises two collections: Cosmic Explorer, with 2,500NFTsthat feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations. Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character.\nThe other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities.\n"NFTs are slowly becoming more artistic," Shatner said backstage at the conference. "These, developed by Orange Comet, are among the most artistic that I\'ve ever seen."\nTo create and release his collection, Shatner worked with Orange Comet, a Web3 entertainment company thatrecently raised $7 millionin a funding round. The company has also worked with former National Basketball Association starScottie Pippen,Sir Anthony Hopkinsand the hit TV show "The Walking Dead."\nOrange Comet CEO Dave Broome, who also spoke at the conference, revealed how the deal with Shatner occurred, and how Shatner\'s intellectual curiosity was a key component.\n"This is a man at 92 who is still inquiring, and still has an ability to learn and embrace technology and understanding what it could do," Broome said. "What we\'re interested in doing is taking someone like iconic legendary William Shatner and all of the millions and millions of fans that he has, and bring them over into web3."\nRead the full storyhere:\nConsensus 2023\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q1)\n8:00 p.m. HKT/SGT(12:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nConsensus 2023: Anthony Scaramucci Addresses FTX\'s Implosion; Erik Voorhees on Future of DeFi\n"First Mover" was live in Austin, Texas, as Consensus 2023 continued with special guests, including SkyBridge Capital founder and managing partner Anthony Scaramucci, ShapeShift founder Erik Voorhees, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger, Polygon Labs Chief Policy Officer Rebecca Rettig, and EY Global Blockchain Leader Paul Brody.\nArbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’:Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Arbitrum, from the newly created Arbitrum DAO that now controls it.\nBahamian Prime Minister Doesn’t Regret FTX:Philip Davis says the country is “open for business” for legitimate digital-assets companies.\nSustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy:Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions.\nBitcoin\'s \'Estimated Leverage Ratio\' Hits Lowest Point Since December 2021:The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.\nEx-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm, Source:A16z’s former chief technology officer, Riyaz Faizullabhoy, and former Chief Information Security Officer Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin steadies itself comfortably above $29K. One analyst says that investors are now looking for assets that retain their value.\nInsights:Captain Kirk drops his first NFT collection and speaks boldly about crypto\'s potential in a Consensus 2023 discussion.\nCoinDesk Market Index (CMI)\n1,252\n+17.3▲1.4%\nBitcoin (BTC)\n$29,553\n+709.8▲2.5%\nEthereum (ETH)\n$1,912\n+15.5▲0.8%\nS&P 500\n4,135.35\n+79.4▲2.0%\nGold\n$1,998\n+7.7▲0.4%\nNikkei 225\n28,457.68\n+41.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,252", "+17.3\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,553", "+709.8\\u25b22.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,912", "+15.5\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,135.35", "+79.4\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,998", "+7.7\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,457.68", "+41.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Above $29K; Ether Rises Over $1.9K\nBitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday.\nThe largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday\'s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding.\nSince spiking approximately 40% in January, bitcoin and other cryptos have been stubbornly resistant to industry mishaps and wider macroeconomic uncertainty.\n"The operative word here is resilience," said Michael Sonnenshein, CEO at crypto asset management company Grayscale Investments, told CoinDesk TV on the opening day of the Consensus 2023 conference in Austin, Texas. "Despite recent setbacks whether it be trust or certain businesses that were once integral to crypto that are no longer around, what we\'re seeing is resilience."\nSonnenshein added: "It\'s really encouraging time and again as this industry gets challenged, it demonstrates its strengths and comes out stronger."\nGrayscale and CoinDesk share the same parent company, Digital Currency Group.\nEther was recently trading above $1,910, up about 0.8% from Wednesday, same time. Other major cryptocurrencies were recently up marginally little more than 36 hours after they had fallen well into the red. TheCoinDesk Market Index, a measure of crypto markets performance, recently climbed 0.8%.\nU.S. equity markets rose as surprisingly strong earnings from tech giants Microsoft, Google parent Alphabet and, most recently Meta Platforms, trumped concerns about unexpectedly sluggish 1.1% growth in first-quarter GDP and the struggles of regional bank First Republic. The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, climbed 2.4% and 2%, respectively.\nInvestors will now be focusing on next week\'s Federal Open Market Committee (FOMC) interest rate decision. TheCME FedWatch Toolis currently showing an 87% probability of a third consecutive 25-basis point rate hike, although Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email that the U.S. central bank is close to ending this type of monetary hawkishness. The Federal Reserve will be able to move forward with one, perhaps two, more rate hikes, "but then that should be it," Moya wrote. "Today’s economic data painted a picture of an economy that is slowing down, inflation is temporarily accelerating, and the labor market is softening."\nMeanwhile, Bob Baxley, chief technology officer atdecentralized finance(DeFi) platform Maverick Protocol, told CoinDesk\'s Jocelyn Yang that bitcoin’s performance in recent days reflects investors’ confidence in the crypto’s ability to hold value even during unsettling events.\n“Bitcoin and other crypto assets have clearly been performing as the sort of safe haven that many had hoped this technology class would become,” Baxley told CoinDesk in an email.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.5%", "DACS Sector": "Currency"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nWilliam Shatner is speeding to Web3 at warp 9.\nThe original"Star Trek" captainand longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, at CoinDesk’sConsensus 2023conference.\nInfinite Connections comprises two collections: Cosmic Explorer, with 2,500NFTsthat feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations. Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character.\nThe other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities.\n"NFTs are slowly becoming more artistic," Shatner said backstage at the conference. "These, developed by Orange Comet, are among the most artistic that I\'ve ever seen."\nTo create and release his collection, Shatner worked with Orange Comet, a Web3 entertainment company thatrecently raised $7 millionin a funding round. The company has also worked with former National Basketball Association starScottie Pippen,Sir Anthony Hopkinsand the hit TV show "The Walking Dead."\nOrange Comet CEO Dave Broome, who also spoke at the conference, revealed how the deal with Shatner occurred, and how Shatner\'s intellectual curiosity was a key component.\n"This is a man at 92 who is still inquiring, and still has an ability to learn and embrace technology and understanding what it could do," Broome said. "What we\'re interested in doing is taking someone like iconic legendary William Shatner and all of the millions and millions of fans that he has, and bring them over into web3."\nRead the full storyhere:\nConsensus 2023\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q1)\n8:00 p.m. HKT/SGT(12:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nConsensus 2023: Anthony Scaramucci Addresses FTX\'s Implosion; Erik Voorhees on Future of DeFi\n"First Mover" was live in Austin, Texas, as Consensus 2023 continued with special guests, including SkyBridge Capital founder and managing partner Anthony Scaramucci, ShapeShift founder Erik Voorhees, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger, Polygon Labs Chief Policy Officer Rebecca Rettig, and EY Global Blockchain Leader Paul Brody.\nArbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’:Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Arbitrum, from the newly created Arbitrum DAO that now controls it.\nBahamian Prime Minister Doesn’t Regret FTX:Philip Davis says the country is “open for business” for legitimate digital-assets companies.\nSustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy:Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions.\nBitcoin\'s \'Estimated Leverage Ratio\' Hits Lowest Point Since December 2021:The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.\nEx-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm, Source:A16z’s former chief technology officer, Riyaz Faizullabhoy, and former Chief Information Security Officer Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.', 'CHICAGO, IL - (NewMediaWire) - April 27, 2023 -(ACN Newswire)- Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace (https://lumerin.io/marketplace/), a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network.\nThe primary objective of the launch\'s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta.Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe.Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies.At the same time, participants will not need to own mining equipment to participate -- they will be able to buy hashpower contracts just like the professional miners.Details on the Testnet LaunchThis will be a phased launch in order to ensure the integrity and security of the marketplace\'s hashpower contracts.Particularly at this early stage, testers are strongly encouraged to read the instructions (https://lumerin.gitbook.io/lumerin-hashpower-marketplace/) for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account.Beta testers who are registered on the Lumerin Explorer Program--you can still sign up using this link (https://lumerin.io/explorer-program)--are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin "faucet," an automated distribution mechanism that sends the tokens to the users upon request.During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware\'s hashpower to that pool.Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform."Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces," said Ryan Condron, co-founder of Lumerin. "With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.""Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today\'s real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance."About LumerinLumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts.The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.Website:https://lumerin.io/Twitter:https://twitter.com/hellolumerinMedium:https://medium.com/lumerin-blogTelegram:https://t.me/LumerinOfficial\nFor media contact:\nBryan Feinberg\[email protected]\nView the original release onwww.newmediawire.com', 'CHICAGO, IL - (NewMediaWire) - April 27, 2023 -(ACN Newswire)- Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace (https://lumerin.io/marketplace/), a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network.\nThe primary objective of the launch\'s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta.Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe.Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies.At the same time, participants will not need to own mining equipment to participate -- they will be able to buy hashpower contracts just like the professional miners.Details on the Testnet LaunchThis will be a phased launch in order to ensure the integrity and security of the marketplace\'s hashpower contracts.Particularly at this early stage, testers are strongly encouraged to read the instructions (https://lumerin.gitbook.io/lumerin-hashpower-marketplace/) for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account.Beta testers who are registered on the Lumerin Explorer Program--you can still sign up using this link (https://lumerin.io/explorer-program)--are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin "faucet," an automated distribution mechanism that sends the tokens to the users upon request.During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware\'s hashpower to that pool.Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform."Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces," said Ryan Condron, co-founder of Lumerin. "With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.""Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today\'s real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance."About LumerinLumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts.The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.Website:https://lumerin.io/Twitter:https://twitter.com/hellolumerinMedium:https://medium.com/lumerin-blogTelegram:https://t.me/LumerinOfficial\nFor media contact:\nBryan Feinberg\[email protected]\nView the original release onwww.newmediawire.com', 'CHICAGO, IL - ( NewMediaWire ) - April 27, 2023 - (ACN Newswire) - Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace ( https://lumerin.io/marketplace/ ), a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network. The primary objective of the launch\'s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta. Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe. Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies. At the same time, participants will not need to own mining equipment to participate -- they will be able to buy hashpower contracts just like the professional miners. Details on the Testnet Launch This will be a phased launch in order to ensure the integrity and security of the marketplace\'s hashpower contracts. Particularly at this early stage, testers are strongly encouraged to read the instructions ( https://lumerin.gitbook.io/lumerin-hashpower-marketplace/ ) for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account. Beta testers who are registered on the Lumerin Explorer Program--you can still sign up using this link ( https://lumerin.io/explorer-program )--are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin "faucet," an automated distribution mechanism that sends the tokens to the users upon request. During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware\'s hashpower to that pool. Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform. "Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces," said Ryan Condron, co-founder of Lumerin. "With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like." "Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today\'s real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance." About Lumerin Lumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts. The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe. Website: https://lumerin.io/ Twitter: https://twitter.com/hellolumerin Medium: https://medium.com/lumerin-blog Telegram: https://t.me/LumerinOfficial Story continues For media contact: Bryan Feinberg [email protected] View the original release on www.newmediawire.com', 'Bitcoin rose in Friday morning trading in Asia to hold above US$29,500 after a week of worries about more U.S. bank failures and a possible recession that some commentators say is generating new interest in the world’s largest cryptocurrency as a safe haven asset.\xa0Ether edged lower, but held above support at US$1,900. Most other top 10 non-stablecoin crypto fell, with the exception of Solana, which gained on an artificial intelligence (AI) enhancement in its network. U.S. equity futures dipped in Asia after gains on Wall Street in regular Thursday trade on more strong earnings signals.\nSee related article:Coinbase sues SEC in bid for clarity on crypto rules\n• Bitcoin gained 0.77% to US$29,518 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The token is up 4.23% for the past seven days.\n• Turmoil and fragility in theU.S. banking systemis helping Bitcoin into mainstream adoption and solidifying its role as a safe haven, according to U.S.-based financial services firm Bernstein Private Wealth Management, cited byCNBC on Thursday.\n• New York-based investment bank H.C. Wainwright also sees Bitcoin potentially entering a bull price cycle and initiated a“buy” rating on crypto exchange Coinbaseon Wednesday, saying it will benefit from growth in the global digital asset economy.\n• Ether dipped 0.56% to US$1,911 for a weekly loss of 1.98%.\n• Solana rose 1.91% to US$22.39 after the non-profit Solana Foundation announced aUS$1-million fundon Wednesday for projects exploring AI for the Solana blockchain. Solana Labs also created aplugin on OpenAI’s chatbot ChatGPTthis week that reportedly allows users to check wallet balances, transfer tokens, and purchase non-fungible tokens (NFT) throughChatGPT.\n• The total crypto market capitalization inched up 0.02% in the past 24 hours to US$1.21 trillion. The total trading volume over the last 24 hours dropped 22.81% to US$51.66 billion.\n• In the NFT market, the Forkast 500 NFT index dipped 0.21% to 3,701.73 in the 24 hours to 9:00 a.m. in Hong Kong, down 6.55% for the week. The index is a proxy measure of the performance of theglobal NFT marketand includes 500 eligible smart contracts. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• The Forkast 500 is a representation for the market as a whole, but it also reflects traders and what they’re doing or not doing and there is very low volume on the NFT markets right now, Yehudah Petscher, Forkast Labs NFT strategist, said in an interview.Wash tradingis still a problem, he said.\n• Still, there’s good stuff happening in the NFT space, with communities building and growing, said Petscher. “Also, the art is world class and that is an important thing that’s happening in the NFT space where digital artists now can make a living by selling their NFTs. Sotheby’s and Christie’s are selling NFT art at this point regularly,” he added.\n• U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures and the S&P 500 futures both edged down 0.13%. The Nasdaq Composite Index dipped 0.18%.\n• The three indexes closed higher on Thursday as strong earnings at Meta Platforms, previously Facebook, pushed the stock up nearly 14%, outweighing a poor first quarter GDPreportthat came in with an annual growth rate of 1.1%, missing economists’ prediction of 2%, according toReuterson Friday.\n• Conversely, the report also showed a 4.2% increase in personal consumption, beatinganalysts’ expectationo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,507,906,719 - Hash Rate: 355961504.6329083 - Transaction Count: 483522.0 - Unique Addresses: 725813.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Tokens issued by perpetual futures-focuseddecentralized exchange(DEX) Kwenta Protocol have outperformed the broader crypto market in the past week as traders have moved to decentralized platforms to generate relatively risk-free returns from direction-neutral strategies. The DEX's native token (KWENTA) surged to over $670 on Wednesday, rising from under $250 in mid-February to reach a market capitalization of more than $150 million at yesterday’s peak price. Bitcoin fell 5% over the same period, according to CoinGecko. KWENTA is used to incentivize the growth of the Kwentadecentralized autonomous organization(DAO) and has two primary functions – staking and platform governance. Trading volumes for the token have grown steadily in the past few weeks to nearly $50 million from just $3 million at the start of this year,statistics show, contributing to $880 million in lifetime volumes since the platform’s early 2021 launch. Kwenta works in tandem with Synthetix, a popular DEX that offers crypto, equity, and forex futures to traders. On Kwenta, Synthetix stakers take the other side of every trade. Funding rates attract traders on each side, balancing the skew. DEXs rely on smart contracts instead of middlemen to process trades. DEX traders have found a way to profit from perpetual futures funding arbitrage opportunities by utilizing the spread in funding rates between perpetual futures on different exchanges. By taking bullish long and bearish short positions on the futures contract and the underlying asset, traders can capitalize on the difference in funding rates between the two markets. For example, at writing time on Thursday, bitcoin (BTC) perpetual futures on Kwenta have an hourly funding rate of -0.001935%, giving a daily rate of -0.04% pocketed by short position holders. The daily yield on such a position at a 25x leverage – the highest offered by Kwenta – is close to 1%. On dYdX, another DEX, thefunding rate for bitcoin is 0.000164%, meaning it is paying 0.003% daily to traders who hold BTC perpetual futures on the platform. The difference between funding rates can be exploited with the help of a market-neutral strategy. A trader can place a bearish short position on Kwenta and collect the funding rate of 0.04% per day and simultaneously take a long position on dYdX and pay the funding rate of 0.003% per day. That way, the trader can safely pocket the difference in funding rates while bypassing market volatility. “As there is a difference between the funding rates, the trader profits from the difference after all fees,” according toSynthetix documents. Funding is similar to an interest payment. It is a set percentage of one’s position size that traders either pay, or get paid, at regular intervals. If funding is positive, longs pay shorts, and if funding is negative, shorts pay longs. Funding rates are used to adjust the price of the contract over time to keep it in line with the price of the underlying asset. Just as traders pay funding, those on the opposite side of the trade collect funding, based on market demand. This can boost profit and loss on directional positions, or be used as part of a more complex strategy. However, funding reduces the profitability of a trade, and increases risk of liquidation. For example, hourly funding of 0.01% is about 87% annualized, Kwenta’s technical documents show. Traders can utilize funding rates to create their own strategies, such as basis trading and funding rate arbitrage. These common strategies are known as Delta Neutral, where short and long exposure is balanced and returns are made regardless of market direction.... - Reddit Posts (Sample): [['u/OrsaMinore2010', 'Steelman against crypto in general, video format.', 26, '2023-04-28 01:01', 'https://www.reddit.com/r/ergonauts/comments/131admo/steelman_against_crypto_in_general_video_format/', "Here is a video by a guy named James Jani, which does a pretty good job of explaining and criticizing cryptocurrencies, tokens, nft's, and web 3, as well as bitcoin itself.\n\n[https://www.youtube.com/watch?v=ORdWE\\_ffirg](https://www.youtube.com/watch?v=ORdWE_ffirg)\n\nI think it is very well done, though I obviously don't agree with all the conclusions.\n\nI'm sure this post would be immediately stricken from r/cc, but here I might get away with posting it and asking for you to acknowledge what we're up against with Gensler, the SEC, the Biden administration, and the general public (in addition to the r/buttcoin crowd.\n\nTL;DW in the comments.", 'https://www.reddit.com/r/ergonauts/comments/131admo/steelman_against_crypto_in_general_video_format/', '131admo', [['u/ErwinDurzo', 13, '2023-04-28 02:48', 'https://www.reddit.com/r/ergonauts/comments/131admo/steelman_against_crypto_in_general_video_format/jhzs6ha/', "You can also make a compelling argument that western civilization as a whole is bound for a huge shift and that central banking and thus the fiat system itself is flawed, we could go on for days down this rabbit hole, I'm sure most of us have done so at some point.\n\nIf you read authors that follow the Austrian school of economics for instance, the logical conclusion is pretty much what I just said, and there are hundreds of well thought-out, internally sound books on the subject, and they not only explain currency crashes of the past but also predict a few of the crises we've gone through decades after such predictions were made, which is a hallmark of a good theory of reality\n\nThis is not a black and white subject, we have competing theories successfully explain a lot of things that have happened to currencies and societies so far, the only way to gather more evidence on whether or not we're right is to make predictions using our mental model and then, many years later, find out whether those predictions turned out to be true.\n\nAnyway, in this grey mess the reason I choose to side with crypto ( especially bitcoin and later with ergo ) is because I believe that individual sovereignty tends to lead to more prosper outcomes, which has usually been the case throughout history. Thus, due to something akin to an economic darwinism, systems that highlight this level of personal freedom will prosper eventually, even if it takes a black swam event that destroys the more fragile ones and instead of hurting, \\helps\\ crypto.\n\nI haven't addressed his bullet points specifically because I think finding the truth through that lens is not a computable problem, society is simply too complex - maybe an ASI could do it -, we need instead to focus on what the incentives are and make a high level prediction about what these systems tend to converge to given enough entropy and time, and then we'll know which mental models of reality are better, because the best one will make the best predictions.", '131admo']]], ['u/wpeironnet', 'First Republic Bank Run Scare Pumping Bitcoin Will Not Be the Last Bank Run Scare to Effect the Markets.', 49, '2023-04-28 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/', 'Over the last couple days we have all seen the articles about First Republic Bank possibly going under due to bank runs and mismanagement of assets. \n\nFirst Republic is the 18th largest banks in the US. Ranked 18 in the entire USA, that is massive. \n\nThis should be giving us a taste of what is to come. You can be certain that other large banks are being effected as while as plenty of smaller banks with smaller assets.\n\nThe next fed meeting is likely to increase rates once again which is putting on further pressure and the more fear of bank runs being published makes it more likely to grow the issue. For these reasons I suspect more bank runs to come.\n\nWhen banks fail gold’s price goes. Bitcoin is the hold of crypto which holds value. As we’ve seen with FRB Bitcoins price is pumping as people become fearful of banks and with possibly more fear to come I suspect Bitcoins price may continue raising.\n\nThis is all just food for thought you’re gonna wanna keep a sharp eye on the fed meetings, banks earnings, and price actions for BTC. Exciting and scary times.', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/', '131bloq', [['u/jorneyp', 17, '2023-04-28 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/jhzl3yi/', 'We really don’t want all the banks to collapse …it will chaos', '131bloq'], ['u/jhung713', 10, '2023-04-28 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/131bloq/first_republic_bank_run_scare_pumping_bitcoin/jhzl5z3/', 'TLDR: buy more bitcoin.', '131bloq']]], ['u/Significant_Room4148', 'When you buy Bitcoin, who gets your payment?', 100, '2023-04-28 03:26', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/', 'Where does my money go? Who receives it?', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/', '131dqe4', [['u/Tipyapha', 105, '2023-04-28 03:37', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/jhzz5w7/', 'Bitcoin CEO', '131dqe4'], ['u/sciencetaco', 22, '2023-04-28 03:59', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji02c3q/', "When you buy milk or bread...who gets it?\n\nThe person selling it to you.\n\nIf you're buying on an exchange, then it's going to the other person/people who placed sell orders at that price point. Exchanges match buyers and sellers.", '131dqe4'], ['u/technotrader', 47, '2023-04-28 04:09', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji03rdm/', 'Most of it goes to the person who sold you the Bitcoin. In case of exchanges, they - as the middle man - skim a little bit from the both of you.', '131dqe4'], ['u/jonesmatty', 336, '2023-04-28 05:03', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0ayg7/', "While this may seem like a stupid question to many people on the sub, it isn't wise to mock people that don't understand how exchanges work. If you want Bitcoin for all, you need to make allowances for people that do not understand how money works. This includes how exchanges and trading work in general. \n\nTo the OP, the person that gets the dollars or euros or whatever currency your trading for Bitcoin is the person that is selling it to you minus a small transaction fee paid to the intermediary such as the exchange.", '131dqe4'], ['u/Secret_Fox_5192', 16, '2023-04-28 05:14', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0c7zl/', 'That’s a scammer. His real name is Bitoshi Nutamoto.', '131dqe4'], ['u/Steal-Rain', 42, '2023-04-28 05:40', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0fat0/', "I think the concern is how did they get the Bitcoin for them to buy it, and how do we know it's real Bitcoin.\n\n This question was presented to me and I couldnt answer it. Because all they understood was you have to mine bitcoin to receive it as a reward. \n\nAnd that's all i could bridge for them. They have a pool where the bitcoin they mine is sold and traded for currency.", '131dqe4'], ['u/Significant_Room4148', 56, '2023-04-28 05:48', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0g6jj/', 'Ya that’s what I’m trying to ask. Forgive my ignorance I am not very formally educated due to religious reasons', '131dqe4'], ['u/JeremyBF', 27, '2023-04-28 06:16', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0j5xo/', "At the very start the only way to get BTC was to mine, this could be done using a standard home computer at the time. It wasn't until several years later that exchanges were set up to allow buying and selling.", '131dqe4'], ['u/WorldSpark', 42, '2023-04-28 09:12', 'https://www.reddit.com/r/Bitcoin/comments/131dqe4/when_you_buy_bitcoin_who_gets_your_payment/ji0xy05/', 'To start with - you pay exchange your $ and they give you bitcoin - from where did this exchange got that bitcoin, if that is the question then FYI - bitcoin is mined (produced) every 10 minutes (6.25 btc every 10 minutes) by a process called mining. The person who does mining deployed computer hardware and electricity to run the mining process, this is hardware intensive and costly. As soon as a bitcoin is mined (produced ) it is registered on a ledger called blockchain. To get return on its investment he sells the bitcoin to whoever wants to buy. This selling and buying is facilitated by crypto exchanges who charges little fee for the transaction. \n\nNow when you buy, you pay the money to exchange who will in-turn pay this money $ to bitcoin miner who has produced it in the first place. \n\nFurther more - the mining (producing ) bitcoin is done by running bitcoin code - the code is available for anyone to download and run. Those people running the code are competing among themselves to get the newly to be produced bitcoin as only 6.25 btc will be produced. The more hardware you deploy the more chances you have to get that newly mined bitcoins. \n\nThis 6.25 btc started at 50 btc in 2009, and it gets halved every 4 years . In 2024 this will be reduced to 3.125 bitcoin roughly every 10 minutes. Which will further half in 2028. \n\nWho decided all this - the person/group/organization/entity who wrote bitcoin code (computer program). He/she is unknown to this date , but the program is available online use - no copyrights.', '131dqe4']]], ['u/AdventurosBluejay314', 'Why did cro go up 10% in 24 hours?', 78, '2023-04-28 05:53', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/', 'Cro just went up 10% like that, more than bitcoin, ethereum etc.\nIt also usually has 10 million volume per 24 hours, now it has 100 million.\nAnyone knows what’s up?', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/', '131gtlt', [['u/ProficientSC2', 13, '2023-04-28 12:25', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1bf06/', 'Maybe some insider info on good news coming', '131gtlt'], ['u/iGhost1337', 30, '2023-04-28 12:33', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1c2xe/', 'probably due the Amazon aws and Samsung announcements.', '131gtlt'], ['u/Hectic91', 93, '2023-04-28 13:51', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1jhnt/', 'To be fair I think the news a while ago that CDC got trading rights in UAE and now that probably the next big bull cycle will be because of Asian markets joining in (Singapore, Hong Kong, Saudi Arabia etc) this is quite bullish for CRO in my opinion because CDC is positioned well for these markets. Ofcourse the Amazon and Samsung news is nice but really nothing ordinary…', '131gtlt'], ['u/lordofming-rises', 16, '2023-04-28 14:13', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1ltrw/', 'When cro to 1 dollars?', '131gtlt'], ['u/ToDaMoonShibe', 15, '2023-04-28 14:37', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji1olh2/', "sometimes it's just the market , CRO has not performed as well as btc eth so i just rebalenced a bit maybe", '131gtlt'], ['u/allegedlyittakes2', 32, '2023-04-28 16:32', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji24ayd/', 'The AWS and Samsung partnership that was announced over the last couple days.', '131gtlt'], ['u/Tomomarsho88', 12, '2023-04-28 17:32', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji2di2k/', 'Yes, exactly the opposite of expert advice = buy when the price is up and sell when the price is down 🤔', '131gtlt'], ['u/Europa_Gains', 13, '2023-04-28 17:39', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji2ego7/', 'Solid answer.', '131gtlt'], ['u/BrisingrReborn', 29, '2023-04-28 19:46', 'https://www.reddit.com/r/Crypto_com/comments/131gtlt/why_did_cro_go_up_10_in_24_hours/ji2y168/', 'This person watches Coin Bureau', '131gtlt']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 28, 2023', 36, '2023-04-28 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/', '131gyb2', [['u/chrisgilesphoto', 22, '2023-04-28 10:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji14au8/', "It's Bank Failure Friday!", '131gyb2'], ['u/hodlr2380', 12, '2023-04-28 11:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji17n90/', 'Anyone else see giant cup and handle forming on the weekly? If so, such a breakout would take us to 40k practically', '131gyb2'], ['u/jarederaj', 10, '2023-04-28 12:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji1az68/', 'Yes.\n\nThe way we’re stepping up, they’re going to keep forming; Makes an argument for an ATH in the next year.\n\nThe question is “how fast will these resolve?”\n\nIMO, the slower the better.', '131gyb2'], ['u/jarederaj', 19, '2023-04-28 15:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji1rux4/', 'I think we’re seeing a trend change in demand side.\n\nhttps://preview.redd.it/kqg70lclokwa1.jpg?auto=webp&v=enabled&s=3bee2322a41c6798b9cfc1f01f2e005242f6e01e\n\nShrimps have become smart money over the last five years.\n\nThis is probably a big part of what’s limiting volatility.', '131gyb2'], ['u/dopeboyrico', 10, '2023-04-28 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji219ga/', 'Absolute lowest annualized rate of return for BTC over a 4 year window of time (enough time to factor in a halving event) is 24%/year which means a doubling of price in slightly more than 3 years.\n\nSuppose 24%/year ends up being the average annualized rate of return going forward off of the bottom we saw last year at $15.5k. In that scenario it would take BTC roughly 20 years from then to reach a price of $1 million.\n\nThe reality is the average annualized rate of return since inception is over 100% year which means a doubling of price every single year. Suppose the average annualized rate of return continues to be 100%/year off of the bottom we saw last year at $15.5k. In that scenario it would take BTC just over 6 years since then to reach a price of $1 million.\n\n6 years sounds too quick and 20 years sounds too long but in reality BTC will probably reach a price of $1 million closer to the shorter timeframe than the longer timeframe.', '131gyb2'], ['u/snek-jazz', 13, '2023-04-28 16:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji23cwb/', "It's a common meme on /r/buttcoin that crypto is starting from scratch and speedrunning through how legacy finance came to be how it is (the need for regulation, consumer protections etc) and I can see some truth in that.\n\nBut I also think bitcoin speedruns people through financial literacy and the path from a noob weakhand to seasoned vet hodler. Through feeling both significant ups and downs with your own skin in the game. It can take around 20 years in legacy finance to go through a cycle or two.", '131gyb2'], ['u/Crypt0fart', 16, '2023-04-28 17:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2auw6/', 'First Republic on its way to becoming a penny stock. Get your bitcoin while you still can ✌️', '131gyb2'], ['u/delgrey', 13, '2023-04-28 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2cmtn/', 'They wasted $100B to try to keep that turd afloat. Another domino... FDIC usually closes em down Fridays after close so lets see what happens.', '131gyb2'], ['u/AccidentalArbitrage', 13, '2023-04-28 17:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2hi5f/', 'Shrimps (<1 BTC) \nCrab (1-10 BTC) \nOctopus (10-50 BTC) \nFish (50-100 BTC) \nDolphin (100-500 BTC) \nShark (500-1,000 BTC) \nWhale (1,000-5,000 BTC) \nHumpback (>5,000 BTC) \n\n\nAccording to: https://insights.glassnode.com/bitcoin-supply-distribution-revisited/', '131gyb2'], ['u/TheGarbageStore', 10, '2023-04-28 18:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2i8a4/', "It's only a few days until May. What do we do in May, people? Do we buy in May?", '131gyb2'], ['u/Rare-Highway-7874', 15, '2023-04-28 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2j8dk/', 'I hear April showers bring May flowers. \n\nDo with that what you will.', '131gyb2'], ['u/delgrey', 13, '2023-04-28 18:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2mkue/', "Anyone remember that Balajis guy with the $1MM bitcoin bet? Predicably he's changed his target from 90 days to 90 months.", '131gyb2'], ['u/[deleted]', 13, '2023-04-28 19:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji2rowj/', '"I was ~30x off on my estimate. Please keep listening to me."', '131gyb2'], ['u/[deleted]', 10, '2023-04-28 20:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji36ict/', 'Was there ever a resolution to all the DCG and Grayscale problems? Or is Barry just waiting it out and stalling and letting a bull market fix it?', '131gyb2'], ['u/richardholliday87', 20, '2023-04-28 23:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/131gyb2/daily_discussion_friday_april_28_2023/ji3rla3/', "Not really PA related but I noticed this article today and it's a unique one in a way. Nearly a third - 31% of new cryptocurrency investors in 2022 used a friend's suggestion as their primary reason for buying in. \n\nIt's not specific to BTC but I like hearing it and think its great. That was satoshi's vision. \n\nP.S. I always tell my friends about the downsides. Like probably toooo much. \n\nAdios friends. Have a good weekend\n\n[crypto buyers influenced by friends](https://www.cnbc.com/2023/04/28/many-new-bitcoin-crypto-buyers-influenced-by-friends-why-to-be-cautious.html)", '131gyb2']]], ['u/DropWatcher', 'Drop Watch: April 28th, 2023', 118, '2023-04-28 06:03', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/', "#LPs\n\n- *[Jack Harlow - Jackman.](https://open.spotify.com/album/1ep4OEfNOhvcY85STfEtKy) [Pop Rap, Generation Now/Atlantic]\n- [Labrinth (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - Ends & Begins](https://open.spotify.com/album/5kGUy2eONqGocT26fvKo9v) [R&B, Columbia]\n- [G Herbo - Strictly 4 My Fans 2](https://open.spotify.com/album/5ujM8ZczJbszMvGoWeXmvW) (w GloRilla + more) [Chicago Drill, Republic]\n- [Tee Grizzley & Skilla Baby - Controversy](https://open.spotify.com/album/6ZsE1BtC06pff1QvzBSPZ9) [Michigan Trap, 300]\n- [Rafa Pabön (🇵🇷) - Galería](https://open.spotify.com/album/3PW5pAJCc5OiurrmUz2Gbv) (w Rauw Alejandro + more) [Latin Rap, Rimas]\n- [Nines (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - Crop Circle 2](https://music.apple.com/us/album/crop-circle-2/1682381224) (w Wretch 32, Potter Payper, Kojey Radical + more) [UK Rap, Zino/Warner]\n- [Shordie Shordie - a life for two](https://music.apple.com/us/album/a-life-for-two/1682577848) (w 03 Greedo & Octavian) [Melodic Trap, Warner]\n- [Summrs - GHOST](https://open.spotify.com/album/6oiwzCPmeSlYqSezjkFtSX) [Plugg]\n- [Homixide Gang - SNOT OR NOT](https://open.spotify.com/album/4PtaK9Se4jUaKwyeTMqnRN) [Rage, Opium]\n- [Rowdy Rebel & Fetty Luciano - Splash Brothers](https://open.spotify.com/album/6z7bXzVtYKDzHNeKILSyi8) (w Fivio Foreign, Rah Swish & Dboylo) [NY Drill]\n- [Stonebwoy (🇬🇭) - 5th Dimension](https://open.spotify.com/album/1stg00x6atjTH6w2MN4KZb) (w Stormzy, Davido, Oxlade, Tiwa Savage, Mereba, Shaggy, DJ Maphorisa, Angelique Kidjo + more) [Afrobeats, Def Jam]\n- [The Change (🇩🇴) - 555](https://open.spotify.com/album/6H5jQW4yRjWAJeFVBmEQnP) [Latin R&B, Warner]\n- [Amir Obé - afer.](https://open.spotify.com/album/2lCHh2ojc3iRYCh2qX3bYS) (w PARTYNEXTDOOR + more) [R&B, Def Jam]\n- [KAMAUU - LACUNA & The House of Mirrors](https://music.apple.com/us/album/lacuna-the-house-of-mirrors/1680053851) (w Kojey Radical, Tobe Nwigwe + more) [R&B, Atlantic]\n- [Baby Rose - Through and Through](https://music.apple.com/us/album/through-and-through/1662694405) (w Smino & Georgia Anne Muldrow) [R&B, Secretly Canadian]\n- [rum.gold - U Street Anthology](https://open.spotify.com/album/2NvrZxKKfKBN3UBJqdn5Ep) (w Mereba & Kiah Victoria) [R&B, Leola]\n- [TAICHU (🇦🇷) - RAWR](https://open.spotify.com/album/4D6TE4cuDOaIHQJlEmARR6) [Latin Rap, DALE PLAY]\n- [Club16 & Jota Rosa (🇵🇷) - Vol. 2](https://open.spotify.com/album/2wVZ2SzvRStpgyNmXo9s8d) (w Feid + more) [Latin Rap, Warner]\n- [Ill Bill - BILLY](https://open.spotify.com/album/2Y6yUeYPrawQAHqOGizYf3) (w Kool G Rap, Immortal Technique, Vinnie Paz, Nems, Rittz, Tragedy Khadafi, Ransom + more) [Hip Hop, Fat Beats]\n- [Tony Shhnow - Love Streak](https://music.apple.com/us/album/love-streak/1685195512) (w DRAM, MAVI + more) [Plugg]\n- [Adrian Younge & Ali Shaheed Muhammed - Lonnie Liston Smith JID017](https://music.apple.com/us/album/lonnie-liston-smith-jid017/1666135222) [Jazz]\n- [jim legxacy (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - homeless nigga pop music](https://open.spotify.com/album/5j9zothL0paSMkfcdjCdHA) [alternative hip hop]\n- [Kill Bill: The Rapper - FULLMETAL KAIJU](https://open.spotify.com/album/1gecTXOrzyZHXfPYNHQWoV) [Nerdcore]\n- [Kokane & Suga Free - Sugakane](https://open.spotify.com/album/31shgfIVmsL6CPMt6bRSDZ) [West Coast Rap]\n- [Wee2Hard & Anti Da Menace - Block Babyz](https://open.spotify.com/album/7zyBuCgd9dyDCHnLZhmHLX) [Trap, ATL, QC]\n- [Harrison (🇨🇦) - Birds, Bees, The Clouds & the Trees](https://music.apple.com/us/album/birds-bees-the-clouds-the-trees/1674065698) (w TOBi, MED, Guilty Simpson, Kadja Bonet & Nanna.B) [Producer]\n- [LilCJ Kasino - King Ape](https://open.spotify.com/album/1qf5tC4B98PZVmk4tJvtt7) [Trap, TX]\n- [JMB Juvie - Long Way 4rm Home](https://open.spotify.com/album/6Gmr9T24bevjkkmLTlLKcU) (w Anti Da Menace & Fredo Bang) [Melodic Trap, GA, Alamo]\n- [EBK BCKDOE - Rookie of the Year](https://open.spotify.com/album/3tQZvCRH5dVPulCQKtfYxu) [Stockton Trap, Thizzler]\n- [Thelonious Martin - Season 1. Episode 4.](https://open.spotify.com/album/3NMpB1bl2kVyZSqMUN9F3I) [Beat Tape]\n- [Flee Lord & Crisis - 2-3 Zone](https://open.spotify.com/album/2VNibmVxhHNUOjLACilnqT) (w Bun B, Conway the Machine, Trae tha Truth, 38 Spesh, Act & Mummz) [LordMobb]\n- [YUNGMORPHEUS - From Whence It Came](https://music.apple.com/us/album/from-whence-it-came/1670167302) (w Fly Anakin, MED, Ahwlee, lojii + more) [Indie Rap, Lex]\n- [CRIMEAPPLE - Ydfwc?3](https://music.apple.com/us/album/ydfwc-3/1682515002) (w Daniel Son) [East Coast Rap]\n- [Mickey Diamond & Oh Jay- Smoke Face](https://music.apple.com/ca/album/smoke-face/1684183499) [Lyrical Hip Hop, De Rap Winkel]\n- [Yung Senju - Blackman Wunderlan](https://music.apple.com/us/album/blackman-wunderlan/1683800415) [Rap, ATL]\n- [Kflex - Rich Nightmares Vol. 2: Insomnia](https://open.spotify.com/album/5iIVTFZ9j6nUCexNxstia1) [Bay Area Trap, Thizzler]\n- [Austin Fox 狐 – Moonleaves](https://open.spotify.com/album/7D1KVrYAWjmBHDF0Oo0vlT) (w Niontay + more) [Rap]\n- [Dollar Bill Y'All - Spring Records And The First Decade Of Hip Hop](https://open.spotify.com/album/74HQPIuT9nFS4MWy3b94PU) [Compilation, Ace]\n\n#Deluxe\n\n- [BigXthaPlug - AMAR](https://open.spotify.com/album/3NMpB1bl2kVyZSqMUN9F3I) [Trap, Texas]\n- [Kota the Friend & Statik Selektah - To See a Sunset](https://open.spotify.com/album/43DmATz8B7QzovFhSmNZGW) (w Blu, Cozz, Termanology + more) [Boom Bap, Venice]\n- [Dave East - Book of David](https://open.spotify.com/album/3aNQkHJ91AryDozr0STcqO) (w Styles P, B-Real, Berner + more) [NY Rap, FTD]\n- [FKi 1st & Sleeping With Shoes On - Sleeping With Shoes On](https://open.spotify.com/album/43UvYB5aiImHRY0ebyC32y) [Beat Tape]\n- [Allstar JR - Organized Crime 2](https://open.spotify.com/album/1CvcxeXv6K3AqDSmOqnvRs) [Michigan Trap]\n\n#EPs\n\n- [Jay Wheeler (🇵🇷) - Emonciones 1.5](https://open.spotify.com/album/1iggkqIrsfiO7RtEFGcaGr) [Latin R&B, Linked/Dynamic/EMPIRE]\n- [SL (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - Turbulence](https://open.spotify.com/album/46sUyBzswdVzGjveaAnU18) (w KILLY & 1.Cuz) [UK Rap, Mic Cheque]\n- [DELLAFUENTE (🇪🇸)- Lágrimas pa otro día](https://open.spotify.com/album/3cPRpK8yUQV5T6QTt7XGfp) [Latin Rap]\n- [Amaria - All For You](https://open.spotify.com/album/6VpIFMps1Uha73gk1c50sJ) (w DESTIN CONRAD, PHABO & Amabar Navran) [R&B, Fashionably Early]\n- [Zlatan (🇳🇬) - Omo Ologo](https://open.spotify.com/album/74BlJC2C7ifL7mgPCRFpKN) [Afrobeats, ONErpm]\n- [Chuuwee & Heather Grey - Mixtape](https://open.spotify.com/album/5Kn7LiMYWBmV7WdaJiLmEw) [Pop Rap]\n- [Joeyy & Marlon DuBois - MIRY](https://open.spotify.com/album/2p22kQF628y291hnwRCVo6) [Rap]\n- [Lil Bean - PIANO PARTY EP](https://music.apple.com/us/album/piano-party-ep/1680056918) (w 22nd Jim, ZayBang & ØHENRY) [Bay Area Trap, EMPIRE]\n- [Trademark da Skydiver & Young Roddy - Crown Jewel](https://open.spotify.com/album/7vnXvf2M6dVXXQaFAYIejT) [Weed Rap]\n- [C.S. Armstrong - The Southwestern Love Songs](https://open.spotify.com/album/5bEzUVfVCPMcVI1WQ4iMyM) [R&B]\n- [Isaac Zale - No Label No Budget: Season 2](https://open.spotify.com/album/2ePeXoHaADW89x5nCWB2cj)\n- [Tha God Fahim & Mike Shabb - Dump Gawd: Rhyme Pays](https://thagodfahim.bandcamp.com/album/dump-gawd-rhyme-pays) [Rap]\n- [KAM-BU (🏴\U000e0067\U000e0062\U000e0065\U000e006e\U000e0067\U000e007f) - BUILT 2 LAST](https://open.spotify.com/album/33UWZn8wbH0gw7dChc46gx) [UK Rap, Believe]\n- [Doggystyleeee - Pedigree](https://open.spotify.com/album/4MjlfEpQOZC5ZU6Tc3xWK6) [West Coast Rap]\n- [Tuamie - Cordyceps](https://tuamie.com/album/cordyceps) [Beat Tape]\n- [D Power Diesle - Graphene, Vol. 3](https://open.spotify.com/album/0Kh3SCaiBBr98lT9on49r7)\n- [Armani Jordan - THE SWORD IS MY SHEPHERD](https://open.spotify.com/album/2EnvvaggnpVoH2NNGlCmiN) [Hip Hop]\n- [Hell Rell - The Golden Triangle 3](https://music.apple.com/us/album/the-golden-triangle-3/1684840547) (w JR Writer + more) [NY Rap, Dipset Affiliate]\n- [FaceBrooklyn (🇨🇱) - caricias](https://open.spotify.com/album/4moORTmO8H3lVHVrAi2RJ5) [Latin Rap, Don't Fuck Around]\n\n#Singles (Unsorted)\n\n OneShotAce & Benny the Butcher - Mixed Fumes\n* Juelz Santana - Light Work (feat. NY Carter & Tyshawn Dion)\n* RicherThanRoddy - Diamond Boyz (feat. Sett)\n* Dayy Finesse - No Conversation (feat. OhGeesy)\n* Jay Worthy & IAMNOBODI - 10 G's\n* Gloss Up & Sexyy Red - Check\n* Dama & Rome Fortune - Bon Voyage\n* LADY SB & Lex Luger - Baddest Alive\n* Skepta & Jammer - Mas Murder\n* Big Freedia - $100 Bill (feat. Ciara)\n* Azizi Gibson - Vibrant\n* HVN - MESSY\n* Zack Villere - Dubble Bubble (feat. 454)\n* Stari Lofipunk & DJ Muggs - Paradise\n* Planet Asia & 38 Spesh - Inertia\n* Grafh & Statik Selektah - Ra Ra\n* Lando Soars & Innanet James - Incentivized\n* Sharc & Pi'erre Bourne - Sicario\n* Woodie Smalls - Black Tinted Windows\n* Pote Baby - Hallelujah\n* The FaNaTiX - Rev It (feat. Sylo G & BackRoad Gee)\n* Darci - Dust on Roads (feat. Jazz Cartier)\n* Benjamin A.D & Kojey Radical - Losing\n* Alicia Rence - Feel Real\n* Sam Truth & Baro Sura - Rainbow Mind\n* Boosie Badazz - Rocketman (Remix) [feat. Jeezy & Kodak Black]\n* Wynne - Jaw Morant\n* Emotional Oranges - Justified\n* Nach - Yo No\n* Lando Chill - Chamber\n* KP SPYWALKA - Alotta Rack$\n* Neutro Shorty & Chucky73 - Ballin'\n* Jerry Logo - Wash! (feat. Adekunle Gold)\n* Slum Village & The Dramatics - Just Like You (feat. Larry June)\n* Michael Christmas - Solid as a Rock\n* glaive - as if\n* Soufside Soul - All I Need (feat. Trenchrunner Poodie)\n* Teezo Touchdown - 5 O'Clock\n* Jae Ghost & Che Noir - You're Welcome\n* Mitchelani - RUSH (feat. Hotboy Wes)\n* Beastly & BBKnight - Chanel\n* Riff Raff & Wiz Khalifa - I Want a Ferrari\n* Kosha Dillz & Camoflauge Monk - Taxes Done\n* JasonMartin & Harry Fraud - Family Tree (feat. Problem)\n* Lil Gotit - Feelin' Myself\n* Ace - Navy Fed (feat. AK Bandamont)\n* YGTUT & Starlito - Diamonds in the Rough\n* City Morgue - Skull & Bones 322\n* Tommy Gold - DO OR DIE\n* Whoppa Wit Da Choppa - Off the Top (feat. SCY Jimm)\n* Tafia & BIG30 - Monster\n* Mr. Lewis & Smoova - Live Life (Remix) [feat. Busta Rhymes & Dave East]\n* Elaquent & Killah Trakz\n* Hunndunn - All Alone (feat. Greentea Peng)\n* Louie Ray - I'm Getting Hotter\n* Miguel - Give It To Me\n* Machine Gun Kelly & Cordae - Doja Freestyle\n Just Juice, Logic & Trippie Redd - Sweeter Scars \n* Rich The Kid - Still Movin’ (feat. Jay Critch & Fivio Foreign)\n* Central Cee - Energy (Remix) [feat. Latto]\n* Russ - Nasty (Alternative Version)\n* Kali - Area Codes (718 Remix) [feat. Kenzo B]\n* Keemo Bankz & Central Cee - Love Story\n* Rico Nasty & 100 gecs - Turn It Up\n* Lupe Fiasco - SentRock \n* LUCKI - Leave Her\n* Conway The Machine - Chosen (feat. Jae Skeese)\n* Set Da Trend - Neva That (feat. Dougie B, Yagi B & Mhady2Hottie)\n* Sam1Kayy - Landed (feat. Trapland Pat)\n* Mez - Dem Dead\n* SoloJetBrown - Joy an Pain (feat. Massive, Al Jones & Fat Ray)\n* Bohemian Lonely - THERE IT GO! (feat. Jelani Imani & Tahj Keeton)\n* killkiyoshi - Speak Up!\n* Iam Astro, Natax Beat & DJ Quik - I Got a Baddy (Capicua)\n* Kadeem Tyrell & James Vickery - Since You've Been Gone\n* Public Goods, Joël, Rowlene & FrancisGotHeat - Inside\n* FUGAZZIFLO - I Hope (feat. DEEZYTHESUPER)\n* Joell - Pretty pretty\n* FATHERDUDE - When the Other Shoe Drops (feat. Brasstracks)\n* Bear1Boss - One More Chance\n* Your Old Droog - Venture Capitalist\n* Vice Wolf & Drego - Go\n* BOJ & Ayra Starr - Line of Fire\n* Lil Mariko - Hi, I'm a Slut (Full Tac Remix) [feat. ppcocaine]\n* The Szns & Aaron May - Leave\n* Saib & FloFilz - On & On (feat. Lord Apex)\n* Butch Dawson - Stop Shop\n* Twit One - Up High (feat. C.Tappin)\n* Blasian Baddie & Kwengface - 4 X 4\n* John Beezy - Tattoo (feat. LilCJ Kasino)\n* Kabuto - PTSD (feat. Novelist & SusTrapperRazzi)\n* Mason Chase - Soakin' (feat. Vae Vanilla)\n* Black C & Larry June - What's Hat'nin (DJ Idea Mix)\n* Masta Ace & Marco Polo - Certified (feat. Coast Contra)\n* Raymen - Young & Rich (feat. Zac Savage)\n* femdot. - Bobby Portis\n* Curtis Roach & Illingsworth - 007 wit the Afro\n* Thundercat & Tame Impala - No More Lies\n* Quay Dash - Tears I Cry\n* Biggs Bank - Pissed Off (feat. RMC Mike)\n* Saviii the 3rd - Been That (feat. Kalan.FrFr.)\n* Akeem Ali - I Ain't Yo Nigga\n* Devlin & Chip - Don't Try It\n* Chip - Tekky (feat. Krept, Frisco & K-Trap)\n* P Money & Whiney - Keep Your Distance\n* T-Jones - D'2 the East (feat. BigXthaPlug)\n* Heavy Lighta - Shake a Block (feat. 7xvethegenius)\n* Deema - Cat Food\n* Skeebo - Up Now (feat. Allstar JR)\n* NoCap - Head Doctor\n* Quavo - Guilty\n* Kool Keith – Black Elvis 2 (Intro)\n* $krrt Cobain, Dirty Sanchez 47 & Feio - Path 247\n* Yuno Miles - Indiana Jones / Textin Me (feat. Yuno Marr)\n* X-Raided - Feel The Roar ( Sacramento King's Anthem)\n* Niko Is feat. Hus Kingpin – Lil Ze\n* Marv Won & Ugly Tony - Ya Future\n* redveil - 4 FOR 4 FREESTYLE\n Che Lingo and League of Legends - Rules (Are Meant to Break) \n* Dizzy Wright - When The Hate Come\n* Pitbull & Lil Jon - JUMPIN\n\n---\n\n\\* means not on Apple Music or Spotify\n\nSorted by Spotify Monthly Listeners\n\n---\n\n##[Old Drop Watches](https://www.reddit.com/r/hiphopheads/search?q=%22drop+watch%22+-%22JQBX%22&restrict_sr=on&include_over_18=on&sort=new&t=all)\n\n##[Full Calendar](https://redd.it/101h66v)", 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/', '131h0ke', [['u/bleacchy', 16, '2023-04-28 06:22', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji0jshp/', 'city morgue dropped a single.', '131h0ke'], ['u/GaBBrr', 15, '2023-04-28 07:10', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji0ob9v/', 'Yuno Miles 💀💀', '131h0ke'], ['u/TheGraduation', 21, '2023-04-28 11:13', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji167wp/', "You're in it", '131h0ke'], ['u/_TheVoski_', 35, '2023-04-28 13:03', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji1eqlo/', 'Pitbull featuring Lil Jon? High school class of 2004 is eating!', '131h0ke'], ['u/DropWatcher', 14, '2023-04-28 17:42', 'https://www.reddit.com/r/hiphopheads/comments/131h0ke/drop_watch_april_28th_2023/ji2f02u/', 'done, not gonna sort the songs by monthly listeners that got stuff to do\n\ntony shhnow did end up dropping but the Drakeo/BlueBucksClan album was released and then unreleased.\n\n[these are my pick-ups](https://imgur.com/a/F0od90r), so far have listened to Indigo de Souza (great, heavier/grungier moments reminds me of the Black Belt Eagle Scout album from earlier this year), Beach House (great), Baby Rose (decent), Harrison (good, very smooth and jazzy), and currently listening to Rafa Pabön (pretty good so far!)', '131h0ke']]], ['u/DressUpFighterOnline', 'Confirmations on the April 27th ExStream', 32, '2023-04-28 06:34', 'https://www.reddit.com/r/DFO/comments/131hlxe/confirmations_on_the_april_27th_exstream/', "# Content\n\n* No new contents.\n\n# Events\n\n* [Surprise Safe Amplification Support!](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyDC37biE3l_gZuGYv1oSVMmPNu0fTdG2C0MjXCqUF0l_Xmb5GRg9gy3_JmD5UDlS695j_PrlZFQtRQk1ZuXrqUDzsXJA0CErLUKUvshFAVMK4K1Oz5_QNNTDnScJPTefihsHvwu84VlSq86Z_HGp7z5KAfLEuhCrnWr1SnwNOX731dPwXCdxDeLms/s480/ApplicationFrameHost_kn9OTRxCog.png) \\- Increase your success chance for 2 weeks. 100% chance up to +7. [\\+10% bonus](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoSpdrL6w5H0rxsS92mBwN5JdHis2k6GYjE3ROGLpY-UbCVQuosYF13HCEpdbqDWbIhJXPJ8ueUR2Qa-3N8oOcAmfaPSMu6jenQALsfKHBSo-I1JgllghUe7c3hKmbOAM1qOSDjIwFhYhastFVbx9NMr6grDfmw-H6xNo0quLn9c7QdbhnRkTZPjYw/s291/ApplicationFrameHost_KOKaY431Sj.png) after that. You can also buy [Radiant Harmonious Crystal](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv8sP6TCtP87BFKwj6MerglRmETi9HQQZl5zNTHvo1YPj4FqU972golMu57D7E_nRxMQlwqKEqopxSSGiXgtYGy4uwoKxOexfjdiU6rduG5HJXaiQKiGpT3lnRIPQpIsedKWRJU_gVm1nO6BcZV2t-YKbkQnAisUmDR0nwNtcWKZPy3TuA2hxj5r-D/s223/ApplicationFrameHost_tTdXZok724.png) with clear cube fragments.\n* [One Step Closer Every Day](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBTtQDPuLGO7fynAC_7YeUp3BzJz7YzBl6LUQFJIHcoY9RZpG_OZg_YVrz-5SLa1spvSceWPkuc33M7oe1kVyTEPSeGFNQIEefJasy5K_MEfdNj68PMLHPREM1YcSKz82EStaj9ljk4W-5oc29jleCLuStscN-MmAsRD6bz5N4A3la-5iwcygf6uYd/s725/ApplicationFrameHost_BMcaOEUQs0.png) \\- Each day, you can select one of 4 missions to get [rewards](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHLoQL03CdFhuUfjfXKFyfVv_zH-kOSdP1f-asrxG2iCoFDlYad8sgsLziHQbE9hMqhUkmSwbtsDk60t1K8jmIkVOEF6y95nXOzxgj_ZfAZyXXRGn1xh-feWFyX_mtCoNdxLjcnRsLgqeIhDHOsCdIbWYyQwWsCDr6CP4ko1PSlplu0cByswkYA3O4/s985/GWDqTCA9h4.png). You can get more [rewards](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoLf5cwn0d4-nbqaj-9rmdhFuOk_SAr5qUdLiAlBOwqxThZnAPEP0H7f6c_ruLZRSUuf19lGre4O_qtroG6zKY90DdtcO3SB04cZYag_3Phao_i8to-TuTwOLjoxMknFmwCgDuJTsKfMWblEEAZtiWlCAYyGQizrm4zrH4xyY8eT5M5PDjcSU38qFQ/s993/9WWf7b3WZq.png) by completing cumulated missions.\n\n# Sales\n\n* [It's Amp or Never!](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs9fQZYDT5Oxd3z-DlQ7BNcNHxfqaZZgwOUlL3NuzEfAKsd25sVlDYTYgWSpFggTAi64-bxkBzA43s6iJ4XPjfwCmua6ziWKnvYI9mpRjt-tFFBCLL_iia0Mn8th-7V9vB0GDwbXE3a8q5Fdz_UDSgJPFfMeL-rvxV-9ae1RqU75P4-hHEDpc6JD8i/s824/ApplicationFrameHost_0v8LTCh7ny.png) package.\n\n# Others\n\n* Here are some [quiz questions](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrFaZKTxKO_juNvlRIWGGS0BDWRtByIj1YxuzD08OCa8w9L0WrV6EKxNMXWxG12lkpkDNFyglFS_5BaZQF1_cR0ra_qqcWgNAxG0Zb3mMvNgYgYmLLfJ4aNt3GBGjY8xAItuZs2uyzw7XjgnJsHbrpEu8KQQKqwHaSGoSaOL5bmNirLN4FDfMT6PzP/s3995/T4JCpsdvLw.jpg) from today's stream\n* We will have our CC's [artworks](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix9Ln_O4m1BAvKbP8iF-b3RI4ruI92YRDQpiZWSm1Ko7ml4tn70ICxVH9fTiyG8Zp22DKsSkd4_wjHw_n3NoYyaF6N_7trWnOPz4Cyr6sCXheDdli5x8sn4-Dt-kcGtH4fS3bQV75vy833H6i6f3fKQrKo7yFH66mLC353G3N7wOCyKmPlQMXpCV9R/s2665/S8nHI5YId6.jpg) as official in-game loading screen\n* [The Neo: Awakened Ones Package](https://www.dfoneople.com/news/notices/3390/Notice-Regarding-Sales-Period-of-The-Neo-Awakened-Ones-Package?page=1)\xa0sale period extended \n\n* [Master of The Bakal Raid](https://www.dfoneople.com/news/events/3358/Master-of-The-Bakal-Raid?page=1) event still going\n\n# Special Interviews\n\n* [Halfmango](https://www.reddit.com/user/halfmango08) made a special appearance during today's interview\n * [How you got into this (lore)?](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbC09iJe7cDC4GkZ9-48TAix1hWUxX5L9wd0LgJ1VV53whQ3RXvrQXFW0P55KOMS_bPL40DVfgBUNL6AeojNBeumM5cvIE28PLD4VdF9Z7T-wjX2ILBGlis9Ek_4Cruqsk2ASzC7CNotwTe-raQICVXo5DmmcPEIYuwH6yRszoT5xAw8gNU2WElbCY/s1338/ApplicationFrameHost_iP9xMVdA6H.png)\n * I'm a nerd and one of the few that play the game for its story. I find the world of DFO is cultivating\n * When did you start playing DFO\n * Back in June 2016. I didn't get a chance to play the Nexon Era though\n * Why did you pick Male Nen Master\n * First start as Battle Mage because I usually like magic based class. Then I moved to Male Nen.\n * What's your major content creation?\n * Story and Lore summary. There're people that love lore like I do and there are people that just don't have time to read all the information, so I like to present those stories.\n * They proceeded to briefly talk about [Apostle Spotlight: Bakal](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhD3rCmvomIZjIxtY6UeMIo4zDVIcEtU2Ib6zpK0LKE6FdavLVkJ2m3q5zOvxdw1AfMDNNPkI-8JMWWb8ptgm0nGjIfJ5l1XaUMuKiGYuvUalRcrCxMomHC2xIiXHAxGkOoBGO46s4f28Jap3Ol3z2eFZYQrR6vbFgcZInwwPm9Z174u3Xi9LQ-LxA8/s1328/ApplicationFrameHost_JdErhpZmGr.png)\n * They then did a poll about the best [Dragonoid Waifu](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhVulu57q6ObMCxZxid0NXoe4-rRPmWlehOdDKEh3y07CdrhpaTrygZ8ojZYX042aZAqSgToR63MXdR6TcSWj6uj1tOKWvQVablw6m5hqmH25y4c0KvqfyrAotrNAHv0MTySQZTXHE_Kf2dUN4m9_hW0CJVEQg72N_6mHB56Z-03C7sVkFsxhMGn0Y/s1327/ApplicationFrameHost_2xJJBAIg6C.jpg). Here's the [result](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaegh88sTLX7TTk2NlOOPmAKdJNcNtcTSFDEIYwv9lmBEDlVQNuoZm-8GqO1Aobd1wS_OUM3DOyk27ftxdIpmPNt4FY5nOHmo5uvJXOn0x1FX34KP_SSwOOhuPGy_b2XtU3F0NEXODpCWWKM4nwS-6zrbilI9TJElQ3n1cEl2v2VeeGvfPc02lDNvN/s601/ApplicationFrameHost_hXiDvsewiA.png).\n * Halfmango's favorite is\xa0Eclair the Thunder. Her design has great color combination.\n * Duni's favorite is\xa0Wicked Dragon Nympha\n * Tigger's favorite is\xa0Gherda of the Ice\n * [What's your future plan?](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqGcSEd0mGr4prCsSyur3whoXemkXIr-FiI0CxVrIHhAseh_hTdDsaIY4ejIdkHGg4wOwa5Oh9HNCrZW9xZbeErOedLOm620vBY4V555X0CFWZRnT5x5hn07rv8eFEvcSxdYXEdg-IcMdwLj_rs5Y5tUHkYDj5UIbumGnxztOZK7D-nlKBmbif4fZS/s1328/ApplicationFrameHost_0Ze3AwFAVm.png)\n * I plan to do narrated audiobook because reading too much text can be hard so audio book is more approachable. I plan to do love storytelling sessions as well.\n * I want to do stories from DFO with emphasis on chronological and consolidated story. For example, when you start the game, you're at\xa0Grand Flores, so I'll talk about what that place is, NPC, etc.\n * Do you have any final comments?\n * Thanks for having me. Shout out to art creator\xa0[Noraly](https://www.reddit.com/user/-Noraly-). I worked with him plenty of time with providing various lore about the character for his artworks.\n* [Live Director Park Jong Min](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj16rYLL7yggpjiQBFlmYp_quztpJlb-iqxn61C9r6FrOsPuf0KWSxfWrQxZC3mUnHEtawkoVp0_NncXlvFIGirA-SFZtoG33yRl-ZpdtlCOuXn1Wr5a39UxKiQfC0zBbedtc3hMqdjXOTNr_rlH_xYQxMaW0hc2aZrQAfejP_shRK3RNTh0fhYGdt/s1332/ApplicationFrameHost_ENAk03a6TN.png) also made special surprise appearance\n * What have you been up to since we last saw you?\n * We have been busy. I have been working on the roadmap for the 2nd half of this year. I also have been doing epic road dungeon and raid on my main. I also have been practicing my English so I can communicate with you guys.\n * What's next?\n * We're repairing to release next update Archmage's Hall of Dimension. It's not a dungeon to clear by damage only and will require doing gimmicks as well. It's a hard dungeon and I have failed it before. The lore of the content is awesome.\n * Do you have any plan on releasing [Artbook](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-0Q0Dd-s8o1T-KzJQfzdWvxlzBvcsuzhB5aHb69BOJYS39BAfQPUozBaeoBlf9kpviJilRDylel1aeXhibsTzYfFo5rXkLU4QJCRVzN8Sk9Um9xvkxfk5CeapxtRV7Bnsbto7ce-cnSzApThiaiEJ6OFYVgqKYseZFm4Onak5rethu0eRnD4cPDOW/s1088/chrome_SAYxaR726m.png) for Global?\n * We have seen posts on Reddit about current DFO artbook being on sale. Unfortunately it's hard to get it here but we're looking into it.\n* [MJ](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiShpgXLGqYrj30r72K52MGOzSqpXhnd0BfVCnheec6y2kiEWYAdzdtwMcL94_28UfpmIMkAiLrC8Xo4pElwBTC8XBmrtwB_5wrI9RN4oBf3axfziJZQwVBde9dzLXchOpLQsBAToHmSDKH47IqrPeOdFhdHkra_AT_uhSXYVSScXaHzKp0MU3NVdl/s1332/ApplicationFrameHost_polea8CbRq.png) made an appearance after Live Director\n * Since around September of 2022, he took a break from the company due to heath issue. He will be taking on a new challenge on his career related to Dungeon & Fighter universe. He will still be around but is moving to another project and wanted to say farewell to DFOG. Hopefully our path will cross again. Best of luck to him.\n * To honor this, use this [code](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ0nv86KkNcCDLL9mKCAq_CujPeg0X3E8Mg_8Lv-17NzJXnkXYjUdtW5GKgv5tumFf9qc3SBGwAve3pB5kqIZE9_4yQtTPeZk9WxUuLjsnUjMjfL2Ojw58pA4YykEGz4dcaR3Rhupyv4PabrDoYOagaVR8Ng9JCM2QelCmr1kRhEkFFTYGEbRutrZr/s719/ApplicationFrameHost_tz7rryZzja.png) to redeem for MJ's transformation box. Redeem starting May 2nd for 2 weeks. One redeem per account.\n\n# Q&A\n\n* Aside from the Starter pack which we can only purchase one of, there hasn't been a dps title in a package since January 3rd.\xa0 Can we expect a higher frequency of dps titles in future packages or a monthly title available for gold?\n * We're planning on on it, but can't tell you when\n* Can you open warpath (not bakal) on wednesday & especially mondays? Would be helpful for our characters that aren't/don't do bakal raid. Monday would be especially helpful for characters who didn't get a raid in by end of sunday.\n * Bakal raid and Total War channels are combined and hard to make this happen. May consider in the future but it's a no for now\n* Can we get some kind of growth support during the current epic road event?\xa0 The weekly stuff is barely covering what a single char can farm in a day, a discount on complete growth or similar would be greatly appreciated.\n * Don't have plan for this.\n* Any chance of getting more Title and/or Creature Transfer Stones in upcoming events or packages?\n * Will talk to Dev about it.", 'https://www.reddit.com/r/DFO/comments/131hlxe/confirmations_on_the_april_27th_exstream/', '131hlxe', [['u/nunpoom', 12, '2023-04-28 08:51', 'https://www.reddit.com/r/DFO/comments/131hlxe/confirmations_on_the_april_27th_exstream/ji0we0r/', 'First amp event ever in the history of dfo? Time to tell all your whale friends to come back and ~~boom~~ amp all their gears.', '131hlxe']]], ['u/onelove7866', 'Penny and Leonard - did they just make up some of their break-ups?', 43, '2023-04-28 06:51', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/', 'I was watching the Bitcoin episode, and after Penny said she gave Zack Leonard’s laptop when they had broken up, Raj and Howard had listed different times they had broken up, such as the Saint Valentines break up and the comic con break up (in which somehow Amy was familiar with?).. \n\nThe only time we know they were broken up, was simply after the first episode of season 2, and the I love you season 3 episode.. \n\nSo are they off-screening break ups?', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/', '131hx9v', [['u/Tolnin', 52, '2023-04-28 07:01', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji0nfum/', "Yeah I was confused by that too. The only answer I can think of is yeah, they're just off screen break ups", '131hx9v'], ['u/[deleted]', 31, '2023-04-28 07:12', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji0of71/', 'Even Beverly once mentioned that they are in on again off again relationship for years', '131hx9v'], ['u/GreyDiamond735', 29, '2023-04-28 08:45', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji0vyio/', "There's so much dialogue in the show about them being on again/off again. To me it really appears like a lot of their relationship drama wasn't put into the show in any way other than those references. Which honestly I'm glad about.", '131hx9v'], ['u/Friendly_Zebra', 14, '2023-04-28 11:59', 'https://www.reddit.com/r/bigbangtheory/comments/131hx9v/penny_and_leonard_did_they_just_make_up_some_of/ji19fcp/', 'I’m not even sure I would call the one in the first episode of season 2 a break up, considering they only went on one date. The only real break up I can think of is the one in season 3, until they got back together in season 5. As far as I remember after this they were together until the end. \n\nThis isn’t the only time this is referenced though. In the episode where Howard writes a song for Bernadette to celebrate the anniversary of their first date, Penny asks Leonard why he never does anything for the anniversary of their first date, and he responds, “well for starters, you’ve broken up with me so many times. Which first date are we talking about?” (Or words to that effect). That always confused me.', '131hx9v']]], ['u/roastedtrade', 'Idea for displaying and reading BTC and sats more easily', 21, '2023-04-28 08:03', 'https://www.reddit.com/r/Bitcoin/comments/131j92h/idea_for_displaying_and_reading_btc_and_sats_more/', "Humans are pretty bad at looking at large numbers, it's why we use commas every 3 digits as a standard, because it helps us more easily process large numbers.\n\nTherefore, instead of exchanges, wallets, and users always displaying x.xxxxxxxx BTC or xxxxxxxx sats\n\nWe could separate the BTC from the sats, making it easier for the human brain to process at a glance.\n\nHere are some examples:\n\n0.27350000 BTC\n\n0.27 BTC & 350k sats\n\n\n\n1.06045100 BTC\n\n1.06 BTC & 45.1k sats\n\n\n\n0.70042711 BTC\n\n0.7 BTC & 42,711 sats\n\n\n\n0.01000542 BTC\n\n0.01 BTC & 542 sats", 'https://www.reddit.com/r/Bitcoin/comments/131j92h/idea_for_displaying_and_reading_btc_and_sats_more/', '131j92h', [['u/maxcoiner', 17, '2023-04-28 09:34', 'https://www.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['While I had a Creative Commons Zero PFP for some time (an Mfer) pictured here:\nI sold and inscribed it on a satoshi (a millionth of a Bitcoin) and under 100,000 inscription number (#75499). Since ordinals theory uses sequential numbers, the lower the number, the more coveted, so I sold my Mfer on Ether and used the funds to inscribe the same image with a slight modification on Bitcoin using thegamma.iomarketplace at the time.\nI could have done this because Mfers are on aCC0 licenseand that means I have the right to use the image in any way that I want because the creator of the art waived all copyright protections on the art and put it in the public domain. In fact, allMfersare CC0 so I don’t even need to own the non-fungible tokens (NFT) to be able to use any image in the entire collection. So, in theory, I could right-click and save any image in the collection and use it however I’d like. I could put one of the rarest ones on a T-shirt and sell it if I wanted.\nThe creator of Mfers (Sartoshi) did this to propagate the art into the mind space of everyone and anyone who wanted to experiment with the brand. In this small world we live in, the corner of NFTs, having your brand multiply and grow is a genius move, in my opinion. The number of derivative collections using Mfer art exploded as a result.Creyziesis the “official” derivative, but there are at least 20 more.\xa0 This is especially so if the art is simple and iconic because it gives other creative people in the space a canvas on which to use that art to build.\nOn the other hand, CryptoPunks, Bored Apes, Nakamigos, and Wonderpals have a commercial IP license which means ONLY the owner of the NFT can use the art associated with the NFT they own. They can sell items commercially or use the image to represent their brand.\nAs a CMO, I get why this is important. However, it only works for the winners in the PFP space. For every 1000 PFPs with commercial licenses on the art, maybe only 5 are recognizable, coveted, and brandable as a viable commercial opportunity with mass appeal.\nThe ones that make this top 5, even top 10, have very exciting futures. For example, Wonderpals hired a company whose strength is creating internationally appealing household name brands and here’s a screenshot of an announcement in their Discord.\nHow can that not be exciting for the NFT holder?\nThe latest Nakamigos collection went out of its way to include the CC0 native Mfer community in their mint but made it a point in their marketing to assert that commercial rights for the holder are intact.\nI’ve also seenBored Apesuse their apes commercially as well. As a coffee brand, consulting business, and even afast food franchise.\nIf the Web3 community is creating the brands that the future generation will trust and interact with, and eventually purchase from, then these silly PFPs which we thought of as a waste of time, are potentially valuable and exciting to own.\nThe PFP communities of the winning brands all of a sudden become a decentrally minded hybrid company, if they leverage and shepherd their brand the right way.\nTo me that’s exciting, and I have a feeling that others are feeling the same.\nHave a great weekend and touch grass…\nIt’s Spring and it’s glorious!\n(The writer of this commentary owns several Wonderpals and Nakamigos NFTs)', 'While I had a Creative Commons Zero PFP for some time (an Mfer) pictured here: Screenshot of Mfer NFT I sold and inscribed it on a satoshi (a millionth of a Bitcoin) and under 100,000 inscription number (#75499). Since ordinals theory uses sequential numbers, the lower the number, the more coveted, so I sold my Mfer on Ether and used the funds to inscribe the same image with a slight modification on Bitcoin using the gamma.io marketplace at the time. I could have done this because Mfers are on a CC0 license and that means I have the right to use the image in any way that I want because the creator of the art waived all copyright protections on the art and put it in the public domain. In fact, all Mfers are CC0 so I don’t even need to own the non-fungible tokens (NFT) to be able to use any image in the entire collection. So, in theory, I could right-click and save any image in the collection and use it however I’d like. I could put one of the rarest ones on a T-shirt and sell it if I wanted. The creator of Mfers (Sartoshi) did this to propagate the art into the mind space of everyone and anyone who wanted to experiment with the brand. In this small world we live in, the corner of NFTs, having your brand multiply and grow is a genius move, in my opinion. The number of derivative collections using Mfer art exploded as a result. Creyzies is the “official” derivative, but there are at least 20 more.\xa0 This is especially so if the art is simple and iconic because it gives other creative people in the space a canvas on which to use that art to build. On the other hand, CryptoPunks, Bored Apes, Nakamigos, and Wonderpals have a commercial IP license which means ONLY the owner of the NFT can use the art associated with the NFT they own. They can sell items commercially or use the image to represent their brand. As a CMO, I get why this is important. However, it only works for the winners in the PFP space. For every 1000 PFPs with commercial licenses on the art, maybe only 5 are recognizable, coveted, and brandable as a viable commercial opportunity with mass appeal. Story continues The ones that make this top 5, even top 10, have very exciting futures. For example, Wonderpals hired a company whose strength is creating internationally appealing household name brands and here’s a screenshot of an announcement in their Discord. Screenshot of announcement in at Wonderpals Discord channel. How can that not be exciting for the NFT holder? The latest Nakamigos collection went out of its way to include the CC0 native Mfer community in their mint but made it a point in their marketing to assert that commercial rights for the holder are intact. Image: Nakamigos I’ve also seen Bored Apes use their apes commercially as well. As a coffee brand, consulting business, and even a fast food franchise . If the Web3 community is creating the brands that the future generation will trust and interact with, and eventually purchase from, then these silly PFPs which we thought of as a waste of time, are potentially valuable and exciting to own. The PFP communities of the winning brands all of a sudden become a decentrally minded hybrid company, if they leverage and shepherd their brand the right way. To me that’s exciting, and I have a feeling that others are feeling the same. Have a great weekend and touch grass… It’s Spring and it’s glorious! (The writer of this commentary owns several Wonderpals and Nakamigos NFTs)', '• US stocks rose on Friday, boosted by a streak of strong earnings reports.\n• 79% of S&P 500 companies that reported earnings have beated estimates, according to FactSet.\n• Investors digested fresh bank weakness amid reports that First Republic is headed for FDIC receivership.\nUS stocks gained on Friday with the Dow Jones Industrial Average wrapping up its best month since January as first quarter earnings surprise to the upside, helping investors sidestep fresh concerns about the banking sector.\nAll three major indexes ended the day in the green, with the Dow locking in a gain of 2.5% for the month of April.\nSo far, more than half of all companies in the S&P 500 have reported their financials for the first quarter, with 79% of companies that have reported earnings beating estimates, according to data fromFactSet.\nInvestors were hit with a new bout of banking sector worries Friday as reports said that First Republic Bank is likely headed for a takeover by the Federal Deposit Insurance Corporation.First Republic shares tanked as much as 52%during the session.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,169.58, up 0.83%\n• Dow Jones Industrial Average:34,098.95, up 0.81% (272.79 points)\n• Nasdaq Composite:12,226.58, up 0.69%\nData on Friday also showed the Personal Consumption Expenditures index, the Fed\'s preferred measure of inflation, rose just 0.1% over the past month. Meanwhile, the Employment Cost Index rose 1.2% over the past quarter, a sign that inflation\'s presence is still being felt in the economy.\n"The case for another Fed rate hike next week has been solidified by today\'s Employment Cost Index and Personal Consumption Expenditure reports showing ongoing cost pressures," Lazard\'s chief market strategist Ron Temple said in a note. "Taken alongside the solid domestic demand in yesterday\'s GDP report, it\'s clear that the US economy remains resilient in the face of tightening to date, implying that the Fed\'s job is not yet complete."\nInvestors are now pricing in an 88% chance that the Fed will hike interest rates another 25 basis-points at next week\'s meeting of the Federal Open Market Committee, according to theCME FedWatch tool.\nHere\'s what else is happening:\n• This highly-watched recession indicatorsays that an economic downturn will begin this quarter, Bank of America said.\n• "Dr. Doom" economist Nouriel Roubiniwarned that a hard landing recession or entrenched inflation are the only possible outcomes for the US economy.\n• "Shark Tank" investor Kevin O\'Leary blew off concerns of de-dollarization, adding that he wouldn\'t accept the Chinese yuan in business transactions.\n• Tight housing inventory is preventing home prices from fallingfurther, Redfin said.\n• Russia\'s economy has little to offer China, and their growing trade ties are more modest than it appears, according to one analyst.\n• There are four issues that will determine the path of the global economy, top economist Mohamed El-Erian said.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 2.59% to $76.69 per barrel.Brent crude, oil\'s international benchmark, climbed 1.4% to $79.51 a barrel.\n• Goldticked down to $1,998.40 per ounce.\n• The10-year Treasury yieldfell eight basis points to 3.43%.\n• Bitcoinfell\xa0 about 1% to $29,363.\nRead the original article onBusiness Insider', 'Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters US stocks rose on Friday, boosted by a streak of strong earnings reports. 79% of S&P 500 companies that reported earnings have beated estimates, according to FactSet. Investors digested fresh bank weakness amid reports that First Republic is headed for FDIC receivership. US stocks gained on Friday with the Dow Jones Industrial Average wrapping up its best month since January as first quarter earnings surprise to the upside, helping investors sidestep fresh concerns about the banking sector. All three major indexes ended the day in the green, with the Dow locking in a gain of 2.5% for the month of April. So far, more than half of all companies in the S&P 500 have reported their financials for the first quarter, with 79% of companies that have reported earnings beating estimates, according to data from FactSet. Investors were hit with a new bout of banking sector worries Friday as reports said that First Republic Bank is likely headed for a takeover by the Federal Deposit Insurance Corporation. First Republic shares tanked as much as 52% during the session. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,169.58, up 0.83% Dow Jones Industrial Average : 34,098.95, up 0.81% (272.79 points) Nasdaq Composite : 12,226.58, up 0.69% Data on Friday also showed the Personal Consumption Expenditures index, the Fed\'s preferred measure of inflation, rose just 0.1% over the past month. Meanwhile, the Employment Cost Index rose 1.2% over the past quarter, a sign that inflation\'s presence is still being felt in the economy. "The case for another Fed rate hike next week has been solidified by today\'s Employment Cost Index and Personal Consumption Expenditure reports showing ongoing cost pressures," Lazard\'s chief market strategist Ron Temple said in a note. "Taken alongside the solid domestic demand in yesterday\'s GDP report, it\'s clear that the US economy remains resilient in the face of tightening to date, implying that the Fed\'s job is not yet complete." Story continues Investors are now pricing in an 88% chance that the Fed will hike interest rates another 25 basis-points at next week\'s meeting of the Federal Open Market Committee, according to the CME FedWatch tool . Here\'s what else is happening: This highly-watched recession indicator says that an economic downturn will begin this quarter, Bank of America said. "Dr. Doom" economist Nouriel Roubini warned that a hard landing recession or entrenched inflation are the only possible outcomes for the US economy. "Shark Tank" investor Kevin O\'Leary blew off concerns of de-dollarization , adding that he wouldn\'t accept the Chinese yuan in business transactions. Tight housing inventory is preventing home prices from falling further, Redfin said. Russia\'s economy has little to offer China , and their growing trade ties are more modest than it appears, according to one analyst. There are four issues that will determine the path of the global economy , top economist Mohamed El-Erian said. In commodities, bonds and crypto: West Texas Intermediate crude oil rose 2.59% to $76.69 per barrel. Brent crude , oil\'s international benchmark, climbed 1.4% to $79.51 a barrel. Gold ticked down to $1,998.40 per ounce. The 10-year Treasury yield fell eight basis points to 3.43%. Bitcoin fell\xa0 about 1% to $29,363. Read the original article on Business Insider', 'People on the internet love calling out baby boomers for the things they do , and let\'s just say they don\'t hold back AT ALL. NBC So, here are 17 painfully accurate tweets about things boomers say or do: P.S.: Be sure to follow these Twitter users for a funnier timeline! 1. Baby boomers think everyone else is overly sensitive: It\'s always funny to me when Boomers accuse young people of being overly sensitive "special snowflakes" who can\'t handle the real world.My dudes, we all worked in retail. We know which generation is most likely to fly off the handle over the most minor inconvenience imaginable. — Existential Comics (@existentialcoms) April 21, 2023 2. They also like disapproving of your career choices: On my way home from a bustrip to Italy with my mom. It\'s always interesting traveling with Boomers 😅 they will usually ask me what I\'ve studied/what I do for a living, and as soon as I mention being an artist, they will grimace and not ask further, and talk about their highly — 💀🐺🌱ArtofMaquenda🍄👹🩸 (@ArtOfMaquenda) April 19, 2023 3. Boomers really love giving financial advice: Sorry guys, I took the boomers’ advice and sold all my #Bitcoin . Just going to eat less avocado toast, and worship my 401k until I retire when I’m 85. — Roy⚡️ (@OrangeTruth88) March 18, 2023 4. Like, someone should seriously document this: someone please make a reality TV show where boomers apply to jobs with the wildly outdated advice they unsolicitedly give millenials/Gen Z I am begging — Allison Perry (@allisonperryart) March 13, 2023 5. Boomers love asking younger generations why they\'re always on their phone: “always on your damn phone”only boomers still believe that a phone is an object. for everyone under 40, it’s a prosthetic extension of your transcendental unity of apperception. — Ulysse Carrière (@inherent_itgirl) February 21, 2023 6. Boomers do not like therapy: Nobody needs therapy more yet refuses it more strenuously than boomers. — Jennifer Public Radio 💎 (@AmbientSynthy) February 5, 2023 Story continues 7. Boomers like pretending that today\'s cost of living is manageable: Why do boomers so confidently tell us that the cost of living is manageable because they were able to do it 40 years ago? What’s not clicking — Pistachio (@HarleyShah) January 19, 2023 8. They like adding suspense in their text messages: Why do boomers use "..." in their text messages all the time??? — Emily is writing a book (@EtheHerring) December 14, 2022 9. Seriously, they really love ellipses: boomers are right about ellipses, keeps people on their toes…what’s coming around the corner………………… — am rod (@arod_twit) April 22, 2023 10. Boomers like leaving bad reviews on Yelp for minor things: I hate it when baby boomers are like "your generation is too sensitive!". Okay, Phyllis, I\'m not the one writing 6 paragraph Yelp reviews because you didn’t like the colors of the restaurant’s chairs. — Eden Dranger (@Eden_Eats) February 1, 2023 11. They reeeallllly hate self-checkout: I hate everything the way boomers hate self check out. — natalayhehoo (@highprobably1) December 12, 2022 12. And whether it\'s a wedding or baby shower, they enjoy buying things you didn\'t ask for on the registry: Boomers have a truly astounding capacity for sending useless, polyester, off-registry “gifts” to the parents of a newborn. I am absolutely taken aback at what has arrived and will continue to arrive at my house. — Jo (@junker_jo) April 19, 2023 13. Boomers really like not caring about what happens to future generations: Boomers are so smug with their “I’ll be dead so it doesn’t matter” rhetoric like it makes me want to steal their social security money — Mr. Flintstone🍆 (@sagistarbb) March 10, 2023 14. Boomers like complaining to their kids: Boomers will complain to their Millennial kids—most of whom own nothing and exist to service their debt—about how much their post-retirement healthcare costs while they sit on multiple cars and houses that they don\'t need. — 🔺remnant. (@remnantposting) March 23, 2023 15. Boomers enjoy "working hard"... Boomers love telling you to “get a real job”, then go get paid 6 figures to send 5 emails a week — tim (reboot edition) (@HydrationChimp) April 17, 2023 16. ...and telling other generations to work harder: boomers whenever millennials and gen z-ers refuses to grin and bear it, work five jobs, pinch pennies and live a life that makes them miserable, all to experience an american dream that barely existed to begin with. pic.twitter.com/uIApR2EttB — Flirt Cobain (@MAD_lines) March 26, 2023 17. And finally, they enjoy asking for help...and then giving advice: yesterday at work a boomer asked me a somewhat involved reference question; as I was searching for the answer (apparently not quickly enough), he helpfully suggested "you know I see some people ask things into their phones, maybe you could try that." thanks man. pic.twitter.com/NGdNaXzaQk — St. Vincent Price (@muddaub) April 8, 2023 OOF. What are some other oddly specific things baby boomers do? Let us know in the comments below.', 'People on the internet love calling out baby boomers for the things they do , and let\'s just say they don\'t hold back AT ALL. NBC So, here are 17 painfully accurate tweets about things boomers say or do: P.S.: Be sure to follow these Twitter users for a funnier timeline! 1. Baby boomers think everyone else is overly sensitive: It\'s always funny to me when Boomers accuse young people of being overly sensitive "special snowflakes" who can\'t handle the real world.My dudes, we all worked in retail. We know which generation is most likely to fly off the handle over the most minor inconvenience imaginable. — Existential Comics (@existentialcoms) April 21, 2023 2. They also like disapproving of your career choices: On my way home from a bustrip to Italy with my mom. It\'s always interesting traveling with Boomers 😅 they will usually ask me what I\'ve studied/what I do for a living, and as soon as I mention being an artist, they will grimace and not ask further, and talk about their highly — 💀🐺🌱ArtofMaquenda🍄👹🩸 (@ArtOfMaquenda) April 19, 2023 3. Boomers really love giving financial advice: Sorry guys, I took the boomers’ advice and sold all my #Bitcoin . Just going to eat less avocado toast, and worship my 401k until I retire when I’m 85. — Roy⚡️ (@OrangeTruth88) March 18, 2023 4. Like, someone should seriously document this: someone please make a reality TV show where boomers apply to jobs with the wildly outdated advice they unsolicitedly give millenials/Gen Z I am begging — Allison Perry (@allisonperryart) March 13, 2023 5. Boomers love asking younger generations why they\'re always on their phone: “always on your damn phone”only boomers still believe that a phone is an object. for everyone under 40, it’s a prosthetic extension of your transcendental unity of apperception. — Ulysse Carrière (@inherent_itgirl) February 21, 2023 6. Boomers do not like therapy: Nobody needs therapy more yet refuses it more strenuously than boomers. — Jennifer Public Radio 💎 (@AmbientSynthy) February 5, 2023 Story continues 7. Boomers like pretending that today\'s cost of living is manageable: Why do boomers so confidently tell us that the cost of living is manageable because they were able to do it 40 years ago? What’s not clicking — Pistachio (@HarleyShah) January 19, 2023 8. They like adding suspense in their text messages: Why do boomers use "..." in their text messages all the time??? — Emily is writing a book (@EtheHerring) December 14, 2022 9. Seriously, they really love ellipses: boomers are right about ellipses, keeps people on their toes…what’s coming around the corner………………… — am rod (@arod_twit) April 22, 2023 10. Boomers like leaving bad reviews on Yelp for minor things: I hate it when baby boomers are like "your generation is too sensitive!". Okay, Phyllis, I\'m not the one writing 6 paragraph Yelp reviews because you didn’t like the colors of the restaurant’s chairs. — Eden Dranger (@Eden_Eats) February 1, 2023 11. They reeeallllly hate self-checkout: I hate everything the way boomers hate self check out. — natalayhehoo (@highprobably1) December 12, 2022 12. And whether it\'s a wedding or baby shower, they enjoy buying things you didn\'t ask for on the registry: Boomers have a truly astounding capacity for sending useless, polyester, off-registry “gifts” to the parents of a newborn. I am absolutely taken aback at what has arrived and will continue to arrive at my house. — Jo (@junker_jo) April 19, 2023 13. Boomers really like not caring about what happens to future generations: Boomers are so smug with their “I’ll be dead so it doesn’t matter” rhetoric like it makes me want to steal their social security money — Mr. Flintstone🍆 (@sagistarbb) March 10, 2023 14. Boomers like complaining to their kids: Boomers will complain to their Millennial kids—most of whom own nothing and exist to service their debt—about how much their post-retirement healthcare costs while they sit on multiple cars and houses that they don\'t need. — 🔺remnant. (@remnantposting) March 23, 2023 15. Boomers enjoy "working hard"... Boomers love telling you to “get a real job”, then go get paid 6 figures to send 5 emails a week — tim (reboot edition) (@HydrationChimp) April 17, 2023 16. ...and telling other generations to work harder: boomers whenever millennials and gen z-ers refuses to grin and bear it, work five jobs, pinch pennies and live a life that makes them miserable, all to experience an american dream that barely existed to begin with. pic.twitter.com/uIApR2EttB — Flirt Cobain (@MAD_lines) March 26, 2023 17. And finally, they enjoy asking for help...and then giving advice: yesterday at work a boomer asked me a somewhat involved reference question; as I was searching for the answer (apparently not quickly enough), he helpfully suggested "you know I see some people ask things into their phones, maybe you could try that." thanks man. pic.twitter.com/NGdNaXzaQk — St. Vincent Price (@muddaub) April 8, 2023 OOF. What are some other oddly specific things baby boomers do? Let us know in the comments below.', "Toronto, Ontario--(Newsfile Corp. - April 29, 2023) - Developed by the PHL Foundation Inc., Philcoin aims to tackle the digital inequality experienced by nearly three billion unconnected individuals worldwide by providing secure, low-bandwidth connectivity to everyday Web3 services, including social media, commerce, education, and entertainment. Philcoin X BitForex To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8840/163827_fc2ee7baf4b7caab_001full.jpg According to the State of Mobile Internet Connectivity 2021 report, hundreds of millions of people remain unaware of the Internet's existence, emphasizing the need for increased awareness campaigns and outreach efforts. Philcoin's charitable mission is to create a worldwide system where individuals with limited internet connectivity can access better connectivity and bandwidth through optimized low-bandwidth digital platforms, enabling multimedia communication and commerce. The Philcoin ecosystem comprises eight main components: Philcoin, PHILChat , PHILEducation, PHILStream, PHILGaming, PHILSocial, PHILCast & PHILEarn. Philcoin, the native cryptocurrency, is used for transactions within the ecosystem and can be traded on various cryptocurrency exchanges. Of their main products and features; PHILSocial is a super social app where users can post media, create their own causes to raise funds or give back; PHILEducation is an education platform that provides US-accredited soft-skills training courses; and PHILEarn is where users can stake their Philcoin tokens and earn up to 15% APY and earn NFT rewards for referrals. To be part of the Philcoin community, users can download PHILApp from the App or Google Play stores , create their wallet and enjoy the numerous products and features available. About PHL Foundation Inc. Philcoin is an ecosystem built on the principles of Bitcoin – to change the way giving happens. It is committed to solving real-world problems through its give-and-earn ecosystem. At the heart of Philcoin is PHILApp, a super dApp that helps grow people and communities. While users chat, connect on social media, learn, listen to music, play games, and more, they can earn and give back at the same time. Story continues Philcoin (PHL) trading opened on BitForex on 25th, 2023. This is a huge development in the Philcoin ecosystem regarding adoption, as BitForex hosts thousands of daily traders on its platform. The token listings are made by a careful scrutiny process so that the investors get a safe trading experience. For more information about Philcoin, please visit https://philcoin.io/ Contact: Name : Tatum April Email: [email protected] Address: Concord Tower - 3005. Media City. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163827", "Toronto, Ontario--(Newsfile Corp. - April 29, 2023) - Developed by the PHL Foundation Inc., Philcoin aims to tackle the digital inequality experienced by nearly three billion unconnected individuals worldwide by providing secure, low-bandwidth connectivity to everyday Web3 services, including social media, commerce, education, and entertainment. Philcoin X BitForex To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8840/163827_fc2ee7baf4b7caab_001full.jpg According to the State of Mobile Internet Connectivity 2021 report, hundreds of millions of people remain unaware of the Internet's existence, emphasizing the need for increased awareness campaigns and outreach efforts. Philcoin's charitable mission is to create a worldwide system where individuals with limited internet connectivity can access better connectivity and bandwidth through optimized low-bandwidth digital platforms, enabling multimedia communication and commerce. The Philcoin ecosystem comprises eight main components: Philcoin, PHILChat , PHILEducation, PHILStream, PHILGaming, PHILSocial, PHILCast & PHILEarn. Philcoin, the native cryptocurrency, is used for transactions within the ecosystem and can be traded on various cryptocurrency exchanges. Of their main products and features; PHILSocial is a super social app where users can post media, create their own causes to raise funds or give back; PHILEducation is an education platform that provides US-accredited soft-skills training courses; and PHILEarn is where users can stake their Philcoin tokens and earn up to 15% APY and earn NFT rewards for referrals. To be part of the Philcoin community, users can download PHILApp from the App or Google Play stores , create their wallet and enjoy the numerous products and features available. About PHL Foundation Inc. Philcoin is an ecosystem built on the principles of Bitcoin – to change the way giving happens. It is committed to solving real-world problems through its give-and-earn ecosystem. At the heart of Philcoin is PHILApp, a super dApp that helps grow people and communities. While users chat, connect on social media, learn, listen to music, play games, and more, they can earn and give back at the same time. Story continues Philcoin (PHL) trading opened on BitForex on 25th, 2023. This is a huge development in the Philcoin ecosystem regarding adoption, as BitForex hosts thousands of daily traders on its platform. The token listings are made by a careful scrutiny process so that the investors get a safe trading experience. For more information about Philcoin, please visit https://philcoin.io/ Contact: Name : Tatum April Email: [email protected] Address: Concord Tower - 3005. Media City. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163827", 'Bitcoin. Photo by Getty Images Bitcoin could climb by $20,000 if a US default happens, Standard Chartered\'s Geoff Kendrick said. Not every crypto would act similarly, with some behaving more like equities, he told Insider. "So actually, the optimal trade would probably be long bitcoin, short ethereum." With the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery. But while some investors are fearful of a historic default, one asset could potentially rise through such a situation: Bitcoin . Describing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels. He told Insider that\'s because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset. But Kendrick doesn\'t think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated. And not every cryptocurrency would follow bitcoin\'s behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default. "So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this,"\xa0Kendrick said. If Congress fails to lift the $31.4 trillion federal debt limit, a default could come sometime in the summer \x97 an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warned a default would be catastrophic for the US economy , sparking mass unemployment, payment failures, and higher rates "into perpetuity." Story continues With House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potential default date . Meanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle. But bitcoin has rallied nearly 80% so far in 2023 and recently neared $30,000 as First Republic Bank\'s woes reignited fears over the financial sector. For his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that it could surge to $100,000 by the end of 2024 due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn\'t mention the risk of a US default. "While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote. Read the original article on Business Insider', '• Bitcoin could climb by $20,000 if a US default happens, Standard Chartered\'s Geoff Kendrick said.\n• Not every crypto would act similarly, with some behaving more like equities, he told Insider.\n• "So actually, the optimal trade would probably be long bitcoin, short ethereum."\nWith the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery.\nBut while some investors are fearful of a historic default, one asset could potentially rise through such a situation:Bitcoin.\nDescribing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels.\nHe told Insider that\'s because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset.\nBut Kendrick doesn\'t think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated.\nAnd not every cryptocurrency would follow bitcoin\'s behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default.\n"So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this,"\xa0Kendrick said.\nIf Congress fails to lift the $31.4 trillion federal debt limit, adefault could come sometime in the summer— an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warneda default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and higher rates "into perpetuity."\nWith House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potentialdefault date.\nMeanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle.\nBut bitcoin has rallied nearly 80% so far in 2023 andrecently neared $30,000as First Republic Bank\'s woes reignited fears over the financial sector.\nFor his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that itcould surge to $100,000 by the end of 2024due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn\'t mention the risk of a US default.\n"While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote.\nRead the original article onBusiness Insider', '• Bitcoin could climb by $20,000 if a US default happens, Standard Chartered\'s Geoff Kendrick said.\n• Not every crypto would act similarly, with some behaving more like equities, he told Insider.\n• "So actually, the optimal trade would probably be long bitcoin, short ethereum."\nWith the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery.\nBut while some investors are fearful of a historic default, one asset could potentially rise through such a situation:Bitcoin.\nDescribing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels.\nHe told Insider that\'s because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset.\nBut Kendrick doesn\'t think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated.\nAnd not every cryptocurrency would follow bitcoin\'s behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default.\n"So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this,"\xa0Kendrick said.\nIf Congress fails to lift the $31.4 trillion federal debt limit, adefault could come sometime in the summer— an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warneda default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and higher rates "into perpetuity."\nWith House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potentialdefault date.\nMeanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle.\nBut bitcoin has rallied nearly 80% so far in 2023 andrecently neared $30,000as First Republic Bank\'s woes reignited fears over the financial sector.\nFor his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that itcould surge to $100,000 by the end of 2024due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn\'t mention the risk of a US default.\n"While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote.\nRead the original article onBusiness Insider', 'Apr. 29—Jeremy Koski, 44, of Hawaii and Washington, is facing charges of wire fraud and money laundering after he received loans authorized by Congress in the Coronavirus Aid, Relief, and Economic Security Act.\nA homeless man who allegedly founded a diabetes nonprofit, a web company and a crypto currency mining operation to fraudulently obtain $737, 802 in Paycheck Protection Program funds and Economic Injury Disaster Loan funds made his initial appearance in federal court Friday.\nJeremy Koski, 44, of Hawaii and Washington, is facing charges of wire fraud and money laundering after he received loans authorized by Congress in the Coronavirus Aid, Relief, and Economic Security Act.\nKoski is being held at the Federal Detention Center in Honolulu ahead of a detention hearing set for Wednesday before U.S. Magistrate Judge Rom A. Trader.\nRecords indicate that Koski lived and incorporated his Hawaii business from an emergency homeless shelter on Sumner Street where he lived from Feb. 15, 2019, until March 15, 2020. Businesses he founded in Washington used the address of the "Compass Housing Alliance, a service for homeless and low-income individuals, " where he was staying, according to federal court records.\nIt is not immediately clear what Koski did with the money.\nAssistant U.S. Attorney Craig S. Nolan, who is prosecuting the case, declined comment. Assistant Federal Public Defender Sharron I. Rancourt did not immediately reply to Honolulu Star-Advertiser requests for comment.\nAccording to records kept by the Business Registration Division of the state Department of Commerce and Consumer Affairs, Koski incorporated the Michael Marcum Diabetes Campaign, a domestic nonprofit corporation, in Kapaau on Aug. 28, 2019.\nThe nonprofit is not in good standing, according to state records, and had delinquent status for the years 2020, 2021 and 2022. On May 4, 2020, Koski submitted a PPP loan application in the name of MMDC that was approved and funded.\nAccording to business records kept by the Washington secretary of state, Weblook LLC was formed by Koski in Washington on April 30, 2020. The company was deemed inactive on May 1, 2021, "and was administratively dissolved on or about September 3, 2021 by the WSOS, " according to federal court records.\nDuring the spring of 2020, Koski submitted a PPP loan application and an EIDL loan application in the name of Weblook that were approved and funded.\nKoski also created BTC Miner Inc., a crypto currency mining website, in Washington on Oct. 23, 2014.\nThe company was "administratively dissolved " on Feb. 1, 2016, and was reinstated on April 29, 2020, before finally being deemed inactive on Nov. 1, 2020, and administratively dissolved on March 3, 2021. Koski allegedly submitted an application for an EIDL loan in spring 2020 that was approved and funded.\nAccording to an affidavit authored by a special agent with the U.S. Small Business Administration, Office of Inspector General, on May 4, 2020, Koski electronically submitted a PPP loan application to an approved SBA lender in the name of MMDC asking for "$285, 502 in PPP funds, and identifying himself as the 100 % owner." He eventually received the funds.\nKoski provided a photo of his Washington driver\'s license as part of the application and allegedly represented that MMDC had 20 employees and an average monthly payroll of $114, 201, and said he needed the money to pay his workers.\nHe also allegedly answered "no " to a question of whether he had other businesses, which he would have been required by law to disclose.\nAs additional support for the PPP application, Koski allegedly "submitted documents purporting to be Internal Revenue Serv \xadice Forms 941 (Employer\'s Quarterly Federal Tax Return ) for the first, second, third, and fourth quarters of 2019 for MMDC " that listed an address on Merchant Street in Honolulu.\nThe address is actually a post office box.\nKoski allegedly signed each form claiming that MMDC had 20 employees with wages totaling $342, 603 for each quarter.\nAccording to the IRS, MMDC did not file any such forms for tax years 2019 and 2020, and the forms Koski submitted to the lender "appear to be fabricated, " according to the affidavit. Koski allegedly claimed the money was to pay "to retain workers, maintain payroll or make mortgage interest payments, lease payments and utility payments."\nOn May 18, 2020, Koski allegedly submitted a PPP loan application from an IP address in Hawaii asking for $187, 500 to support his Kirkland, Wash.-based Weblook\'s "20 employees and an average monthly payroll of $75, 000." As with the diabetes nonprofit, Koski allegedly submitted IRS forms that claimed he had "20 employees with wages totaling $342, 603 for each quarter."\nThose forms were also allegedly fake, and the IRS has no record of them.\nAfter receiving the $187, 500 in PPP funding, Koski between April 1 and June 7, 2020, allegedly submitted an EIDL application online from an IP address in Hawaii for Weblook claiming it had "five employees as of January 31, 2020, and gross income of $5, 500, 000 for the year ending January 31, 2020."\nOn June 10, 2020, Weblook got $149, 900 from the SBA after his EIDL application was approved.\nBetween May 7 and June 24, 2020, from a computer in Hawaii, Koski allegedly submitted to the SBA an EIDL application in the name of BTC Miner Inc. asking for $115, 000.\nKoski allegedly claimed BTCM had 20 employees as of Jan. 31, 2020, and gross income of $1, 500, 000 for the same year.\nThe IRS had no records related to the claims Koski made. On June 26, 2020, BTCM received $114, 900 from the SBA.\nKoski allegedly transferred the money he got for his businesses into a First Hawaiian Bank account and a Bank of the Orient account in his name.', 'The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin\'s speedy and scalable Lightning Network,released an updateto its Litd node management tool designed to make Bitcoin and Lightning easier to use.\nUsers need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a third party, a feat that isn’t easy for users who aren’t tech-savvy or don’t want to spend hours learning the ins and outs of the protocol to send a payment.\nLightning Labs manages a tool called Lightning Terminal to make managing Lightning nodes easier. Behind the scenes, Litd aims to abstract certain features of node management so users don\'t have to manage them directly, making it easier to use Lightning.\n“We\'ve heard consistent feedback from the Lightning developer community about the need for increased node management automation and better developer tooling for seamlessly onboarding new Lightning users,” Lightning Labs head of product growth Michael Levan toldDecrypt, adding that these changes will make it easier to onboard new users to the network “regardless of their experience level.”\nOne update of Litd is to "automagically" update Lightning fees. Lightning routing nodes charge small fees for relaying payments to a destination. Usually whoever is operating the Lightning node needs to manually increase or decrease the fees. But Lightning Labs came up with a new algorithm for updating these fees dynamically based on how many payments each channel is routing each week.\nAnother is the introduction of "accounts." Generally each user has one Lightning node. But the new account system allows many users to share a single Lightning node. “With accounts, developers can bring less advanced users to Lightning without the need to understand any complexity of liquidity or node management,” Levin said. “Liquidity” is a major UX hurdle facing new users; they need to first make sure a Lightning channel is open to them in order to receive funds, which requires some knowledge of how Lightning works. New users don’t want to have to deal with all this.\nThese Litd updates are part of an industry-wide effort to make Lightning easier to use for the average Joe. Earlier this month, Lightsparkunveileda suite of tools to help onboard businesses to Lightning, for instance.\n“These new features will help the Lightning developer community continue on its path to bring bitcoin to billions around the globe,” Levin said.', 'The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin\'s speedy and scalable Lightning Network,released an updateto its Litd node management tool designed to make Bitcoin and Lightning easier to use.\nUsers need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a third party, a feat that isn’t easy for users who aren’t tech-savvy or don’t want to spend hours learning the ins and outs of the protocol to send a payment.\nLightning Labs manages a tool called Lightning Terminal to make managing Lightning nodes easier. Behind the scenes, Litd aims to abstract certain features of node management so users don\'t have to manage them directly, making it easier to use Lightning.\n“We\'ve heard consistent feedback from the Lightning developer community about the need for increased node management automation and better developer tooling for seamlessly onboarding new Lightning users,” Lightning Labs head of product growth Michael Levan toldDecrypt, adding that these changes will make it easier to onboard new users to the network “regardless of their experience level.”\nOne update of Litd is to "automagically" update Lightning fees. Lightning routing nodes charge small fees for relaying payments to a destination. Usually whoever is operating the Lightning node needs to manually increase or decrease the fees. But Lightning Labs came up with a new algorithm for updating these fees dynamically based on how many payments each channel is routing each week.\nAnother is the introduction of "accounts." Generally each user has one Lightning node. But the new account system allows many users to share a single Lightning node. “With accounts, developers can bring less advanced users to Lightning without the need to understand any complexity of liquidity or node management,” Levin said. “Liquidity” is a major UX hurdle facing new users; they need to first make sure a Lightning channel is open to them in order to receive funds, which requires some knowledge of how Lightning works. New users don’t want to have to deal with all this.\nThese Litd updates are part of an industry-wide effort to make Lightning easier to use for the average Joe. Earlier this month, Lightsparkunveileda suite of tools to help onboard businesses to Lightning, for instance.\n“These new features will help the Lightning developer community continue on its path to bring bitcoin to billions around the globe,” Levin said.', 'The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin\'s speedy and scalable Lightning Network, released an update to its Litd node management tool designed to make Bitcoin and Lightning easier to use. Users need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a third party, a feat that isn’t easy for users who aren’t tech-savvy or don’t want to spend hours learning the ins and outs of the protocol to send a payment. Lightning Labs manages a tool called Lightning Terminal to make managing Lightning nodes easier. Behind the scenes, Litd aims to abstract certain features of node management so users don\'t have to manage them directly, making it easier to use Lightning. “We\'ve heard consistent feedback from the Lightning developer community about the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $569,155,886,250 - Hash Rate: 331746436.2905336 - Transaction Count: 486031.0 - Unique Addresses: 628996.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Shares of troubled lender Silvergate (SI) fell 57% on Thursday after thecompany said late Wednesdayit will miss a March 16 deadline to file its already-delayed annual report. The bank said its team "requires additional time to perform analysis, record journal entries related to subsequent events and to complete management’s evaluation of internal controls over financial reporting." "The Company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the Company," the company added. Silvergate shares have collapsed over the last year as the company's entanglements with several crypto firms — including bankrupt exchange FTX, among others —resulted in deposits fallingby more than two-thirds in the fourth quarter of last year. In January, the company laid off 40% of its staff. The company later suspended adividend paid on preferred sharesas it sought to shore up cash. Over the last year, shares of the bank have lost more than 95%. A spokesperson for Silvergate told Yahoo Finance: "Silvergate is working diligently to file its 10-K as soon as possible and has no further comment at this time." In Wednesday's notice, the bank said it sold additional debt securities beyond what was previously anticipated in January and February and it expects to record further losses than what was previously disclosed. In January, the companydisclosedit took $887 million worth of non-interest losses in the fourth quarter. The sales are primarily to repay "outstanding advances" it received from the Federal Home Loan Bank of San Francisco, Silvergate said. The bank also needs additional time to complete an "evaluation of the effectiveness of its internal controls over financial reporting" being conducted by its third party accounting firm. Citing business and regulatory challenges, the company is weighing how much the changes might affect its "ability to continue as a going concern for the twelve months following the issuance of these financial statements," according to the filing. In late January, abi-partisan group of U.S. Senatorspressed the company to provide answers over whether it was aware its clients FTX misused customer funds. A Reutersreportin February said a Silvergate account controlled by Binance.US moved millions of dollars to a company controlled by Binance CEO Changpeng Zhao. Last week in a jointstatementwith the Federal Deposit and Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC), the Federal Reserve made a point to highlight the heightened liquidity risks for banks taking on crypto-related clients. As for its own risks, Silvergate cited “heightened regulatory scrutiny of banking institutions that provide products and services to the digital asset industry," private litigation, and investigations from congressional inquiries, banking regulators and the Justice Department. Analysts at JPMorgan downgraded the stock to Underweight from Neutral and withdrew their its price target in a note out Thursday, calling the situation "highly unusual" and adding: "The 'run' experienced at Silvergate appears to have been driven by a combination of (1) trust in the overall system being shaken given the collapse of previously trusted players (such as FTX) and (2) short-sellers voicing concerns (primarily on Twitter)." Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app forAppleorAndroid Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoiners are eying up crypto held by the feds. On Wednesday, the price of Bitcoin took a sharp nosedive— plunging 7% in an hour. It took most of the crypto market with it, too. The dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. It turned out to be a false alarm as a result of the DB Newswire account on Twitter mislabelling wallets on Arkham\'s platform, the company later said in a statement. But it led some to believe that the dip in prices came because the government started dumping large amounts of Bitcoin into the market. Today we fixed a bug related to Bitcoin alerts that caused us to no longer under-send alerts to a small subset of user’s private labels. This was one of them. This fix won’t affect any additional users, and was unrelated to labels generated by Arkham — we understand the impact… https://t.co/VqbX04J2bM — Arkham (@ArkhamIntel) April 26, 2023 But the fact remains that the government-owned Bitcoin and Mt. Gox coins are intriguing to investors: On Thursday, another blockchain analytics firm, Glassnode, said that the American government and the Mt. Gox trustee hold 205,514 and 137,890 Bitcoins respectively (over $10 billion in crypto)—and advised investors to keep an eye on the funds. This is because when such large amounts of Bitcoin get transferred, it\'s market moving, according to experts. But first, why does the U.S. government hold Bitcoin? And what’s Mt. Gox? The Department of Justice last year seized more than $3 billion worth of Bitcoin affiliated with the dark net marketplace Silk Road. They then sold a huge chunk of it—and said they plan to sell more. Mt. Gox, on the other hand, was a popular Bitcoin exchange that was forced to shut down eight years ago after a crippling hack. Once one of the biggest exchanges in the world, it closed in 2014 after losing 850,000 Bitcoins (today worth $24.9 billion) in the massive exploit . Story continues According to our data, the US government and the Mt. Gox trustee hold 205,514 and 137,890 #BTC , respectively. Monitor their balances and set alerts for coin movements in Studio. US government chart: https://t.co/cfQFqSfN0m Mt. Gox trustee chart: https://t.co/3YxvDTGGyq pic.twitter.com/MhCiSiLfqx — glassnode (@glassnode) April 27, 2023 Investors who lost their funds are still waiting to get it back from a trustee. Christoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, told Decrypt that the intrigue is all centered around risk. He said: “Will the US government hold on to those Bitcoin forever? Or sell them off? If so, will they do it in a manner that reduces impact on the market or just dump in one go? Or auction them off? Who knows.” The fascination with watching the wallets where Mt. Gox funds are being held is similar, he added. “I believe Mt. Gox is somewhat similar in that there are various unknowns," Ono said. "At some point the coins will be released into the wild but no one really knows when and how.” While Glassnode lead analyst James Check said that big investors may be interested in government coins. “Periodically, the U.S. government auctions off these coins, which institutions in particular often find quite attractive, since they are in theory blessed and cleared by the U.S. government,” he said. In the past, some institutions have fretted over the provenance of crypto assets when buying them and worried they could be unknowingly buying from bad actors. Whatever happens, investors are always keeping an eye on big HODLers—known as whales—especially unorthodox ones like the U.S. government. Satoshi-Era Bitcoin Whale Moves $11 Million After Sleeping for 12 Years “Roughly 10 billion dollars of bitcoin is an immense amount for the market to absorb,” Evan Kaloudis, the developer behind Zeus, a non-custodial Lightning wallet, told Decrypt . “I for one, though, am excited for the government to offload them to the market to circulate to new holders.” Editor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Bitcoiners are eying up crypto held by the feds.\nOn Wednesday, the price of Bitcoin took a sharp nosedive—plunging7% in an hour. It took most of the crypto market with it, too.\nThe dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin.\nIt turned out to be a false alarm as a result of theDB Newswireaccount on Twitter mislabelling wallets on Arkham\'s platform, the company later said in a statement. But it led some to believe that the dip in prices came because the government started dumping large amounts of Bitcoin into the market.\nBut the fact remains that the government-owned Bitcoin and Mt. Gox coins are intriguing to investors: On Thursday, another blockchain analytics firm, Glassnode, said that the American government and the Mt. Gox trustee hold 205,514 and 137,890 Bitcoins respectively (over $10 billion in crypto)—and advised investors to keep an eye on the funds.\nThis is because when such large amounts of Bitcoin get transferred, it\'s market moving, according to experts.\nBut first, why does the U.S. government hold Bitcoin? And what’s Mt. Gox?\nThe Department of Justice last year seized more than $3 billion worth of Bitcoin affiliated with the dark net marketplace Silk Road. They thensolda huge chunk of it—and said they plan to sell more.\nMt. Gox, on the other hand, was a popular Bitcoin exchange that was forced to shut down eight years ago after a crippling hack. Once one of the biggest exchanges in the world, it closed in 2014 after losing 850,000 Bitcoins (today worth $24.9 billion) in themassive exploit.\nInvestors who lost their funds are still waiting to get it back from a trustee.\nChristoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, toldDecryptthat the intrigue is all centered around risk.\nHe said: “Will the US government hold on to those Bitcoin forever? Or sell them off? If so, will they do it in a manner that reduces impact on the market or just dump in one go? Or auction them off? Who knows.”\nThe fascination with watching the wallets where Mt. Gox funds are being held is similar, he added. “I believe Mt. Gox is somewhat similar in that there are various unknowns," Ono said. "At some point the coins will be released into the wild but no one really knows when and how.”\nWhile Glassnode lead analyst James Check said that big investors may be interested in government coins.\n“Periodically, the U.S. government auctions off these coins, which institutions in particular often find quite attractive, since they are in theory blessed and cleared by the U.S. government,” he said. In the past, some institutions have fretted over the provenance of crypto assets when buying them and worried they could be unknowingly buying from bad actors.\nWhatever happens, investors are always keeping an eye on big HODLers—known as whales—especially unorthodox ones like the U.S. government.\nSatoshi-Era Bitcoin Whale Moves $11 Million After Sleeping for 12 Years\n“Roughly 10 billion dollars of bitcoin is an immense amount for the market to absorb,” Evan Kaloudis, the developer behind Zeus, a non-custodial Lightning wallet, toldDecrypt. “I for one, though, am excited for the government to offload them to the market to circulate to new holders.”\nEditor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Bitcoiners are eying up crypto held by the feds.\nOn Wednesday, the price of Bitcoin took a sharp nosedive—plunging7% in an hour. It took most of the crypto market with it, too.\nThe dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin.\nIt turned out to be a false alarm as a result of theDB Newswireaccount on Twitter mislabelling wallets on Arkham\'s platform, the company later said in a statement. But it led some to believe that the dip in prices came because the government started dumping large amounts of Bitcoin into the market.\nBut the fact remains that the government-owned Bitcoin and Mt. Gox coins are intriguing to investors: On Thursday, another blockchain analytics firm, Glassnode, said that the American government and the Mt. Gox trustee hold 205,514 and 137,890 Bitcoins respectively (over $10 billion in crypto)—and advised investors to keep an eye on the funds.\nThis is because when such large amounts of Bitcoin get transferred, it\'s market moving, according to experts.\nBut first, why does the U.S. government hold Bitcoin? And what’s Mt. Gox?\nThe Department of Justice last year seized more than $3 billion worth of Bitcoin affiliated with the dark net marketplace Silk Road. They thensolda huge chunk of it—and said they plan to sell more.\nMt. Gox, on the other hand, was a popular Bitcoin exchange that was forced to shut down eight years ago after a crippling hack. Once one of the biggest exchanges in the world, it closed in 2014 after losing 850,000 Bitcoins (today worth $24.9 billion) in themassive exploit.\nInvestors who lost their funds are still waiting to get it back from a trustee.\nChristoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, toldDecryptthat the intrigue is all centered around risk.\nHe said: “Will the US government hold on to those Bitcoin forever? Or sell them off? If so, will they do it in a manner that reduces impact on the market or just dump in one go? Or auction them off? Who knows.”\nThe fascination with watching the wallets where Mt. Gox funds are being held is similar, he added. “I believe Mt. Gox is somewhat similar in that there are various unknowns," Ono said. "At some point the coins will be released into the wild but no one really knows when and how.”\nWhile Glassnode lead analyst James Check said that big investors may be interested in government coins.\n“Periodically, the U.S. government auctions off these coins, which institutions in particular often find quite attractive, since they are in theory blessed and cleared by the U.S. government,” he said. In the past, some institutions have fretted over the provenance of crypto assets when buying them and worried they could be unknowingly buying from bad actors.\nWhatever happens, investors are always keeping an eye on big HODLers—known as whales—especially unorthodox ones like the U.S. government.\nSatoshi-Era Bitcoin Whale Moves $11 Million After Sleeping for 12 Years\n“Roughly 10 billion dollars of bitcoin is an immense amount for the market to absorb,” Evan Kaloudis, the developer behind Zeus, a non-custodial Lightning wallet, toldDecrypt. “I for one, though, am excited for the government to offload them to the market to circulate to new holders.”\nEditor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Illustration by Mitchell Preffer for Decrypt Bitcoin this week led a small market-wide rally after shares in First Republic Bank nosedived when the institution’s latest quarterly report revealed a decline in deposits. On Sunday, some of the leading cryptocurrencies appear to be shrugging off their intraweek gains, but there has been no explosive price movement in either direction. AI was a hot topic on Crypto Twitter this week. Electro-pop singer Grimes started the conversation on Monday when she offered 50% royalties to anyone that creates a hit using her machine-generated voice. In a follow-up tweet she said she would use smart contracts to issue the royalties. I think it\'s cool to be fused w a machine and I like the idea of open sourcing all art and killing copyright — 𝔊𝔯𝔦𝔪𝔢𝔰 (@Grimezsz) April 24, 2023 Later in the week, Avenged Sevenfold singer and Ethereum maxi M. Shadows gave his two cents to Grimes’s proposal. I like what @Grimezsz is doing with her likeness and AI. I’m not sure the logistics while on a label… but moving forward I would love to help facilitate our “sound” to producers and fans to create original “ @TheOfficialA7X ” songs using this technology. 👇 — M. Shadows (@shadows_eth) April 26, 2023 On Tuesday, Neeraj Agrawal—who heads communications at pro-crypto policy think tank CoinCentre—solicited donations for some Bitcoin developers who are currently embroiled in a legal battle with notorious industry troll Craig Wright, an Australian software developer who claims to be the man behind the pseudonym Satoshi Nakomoto, the inventor of Bitcoin. https://t.co/F07tYFnjt9 is fighting back against Craig Wright’s attempt to patent troll open source software developers. This goes beyond Bitcoin. They rely on donations for legal fees. I think we can all agree this is a good cause https://t.co/FkZfkTsrht pic.twitter.com/XsnOTQE1Ar — Neeraj K. Agrawal (@NeerajKA) April 25, 2023 Bankrupt crypto lender Voyager broke the news that Binance US had axed a deal to acquire the company’s assets. Voyager was one of the high-profile casualties stemming from Terra’s collapse last May. In a statement to Decrypt, Binance cited “the hostile and uncertain regulatory climate in the United States” as the main reason behind the decision to back out. Story continues 1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform. — Voyager (@investvoyager) April 25, 2023 Solana announced a new integration with ChatGPT that day. (1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ — Solana Labs (@solanalabs) April 25, 2023 Avid tech fan @Odin_Free shared a pie chart highlighting how regulators have driven Ethereum principal deposits out of the Kraken exchange. 64% of all ETH principal withdrawals (all time) have come from regulatory-forced Kraken exits. pic.twitter.com/YjyAKNTRli — odin free ✨🐺 - 🦇🔊 (@odin_free) April 26, 2023 Bitcoin briefly plummeted on Wednesday . Will Clemente, founder of blockchain research firm Reflexivity Research, was watching the red candles. ~$300 million of Bitcoin open interest wiped out in 45 mins what a savage move pic.twitter.com/yq6XQMPlLd — Will Clemente (@WClementeIII) April 26, 2023 It turns out the world’s favorite crypto had fallen 7% in an hour, starting shortly before erroneous reports that blockchain analytics firm Arkham had said wallets linked to the defunct Mt. Gox exchange and the U.S. government had moved huge Bitcoin stashes. Arkham CEO Miguel Morel told Decrypt that the transactions weren’t connected and Arkham later explained the situation in a post mortem on Twitter: We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case. DB set two alerts on all Bitcoin transactions above $10k USD, with no counterparties set, then named the alerts “Mt Gox” and “US Gov”. When we… pic.twitter.com/8OITiygNhL — Arkham (@ArkhamIntel) April 26, 2023 The following day, analytics firm Glassnode showed followers how to track the Mt. Gox and U.S. government balances in question. According to our data, the US government and the Mt. Gox trustee hold 205,514 and 137,890 #BTC , respectively. Monitor their balances and set alerts for coin movements in Studio. US government chart: https://t.co/cfQFqSfN0m Mt. Gox trustee chart: https://t.co/3YxvDTGGyq pic.twitter.com/MhCiSiLfqx — glassnode (@glassnode) April 27, 2023 Last year may have been hailed “Crypto Winter” for those in the thick of the industry, but for their lawyers and advisers it was a sunnier story, tweeted FTX creditor Sunil. Bankruptcy cost comparison FTX, Celsius, Voyager, BlockFi Note: Pro-rata fees for missing (TBD) months: FTX (E&Y); PH, YC, FTI; BlockFI (Kirkland), month 4 Debtor lawyers/advisors pic.twitter.com/mRQK0465vW — Sunil (FTX 2.0 Champion) (@sunil_trades) April 26, 2023 Blockchain gumshoe ZachXBT is hot on the heels of a scammer who has so far created over a hundred different memecoins to rug investors with. Over the past 1.5 months one person has created 114 meme coin scams. Each time stolen funds from the scam are sent to the exact same deposit address. 0x739c58807B99Cb274f6FD96B10194202b8EEfB47 pic.twitter.com/uwVAiG9WGG — ZachXBT (@zachxbt) April 26, 2023 Binance CEO Changpeng "CZ" Zhao wants you to know he’s not as wealthy or as competitive as everyone says he is. 4 Numbers all wrong. I don\'t have anywhere near as much. Don\'t know why they do this. 🤷\u200d♂️ Also, never viewed FTX as a rival. We welcome more (well run) exchanges in the space. pic.twitter.com/xfa31RZp7t — CZ 🔶 Binance (@cz_binance) April 27, 2023 A self-proclaimed Bitfinex/Tether whistleblower posted a scathing critique of recent Coinbase investors. They’re not alone in thinking that Coinbase may be planning to relocate. The company itself has frequently mentioned the hostile regulatory climate in the U.S. recently and last week announced plans for global expansion , including Bermuda and, possibly, the crypto-friendly free economic zone, Abu Dhabi Global Market. Coinbase CEO Brian Armstrong dumps more shares of Coinbase onto retail suckers. Imagine a CEO of a company, that’s dumping stock, and telling you that they’re going offshore. Imagine people dumb enough to be buying their shares. https://t.co/dd6d0fe7BB pic.twitter.com/NWm2knrYNI — Bitfinex’ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) April 27, 2023 Tornado Cash developer Alexey Pertsev returned to Twitter after he was released on bail to wait for his trial at home. Dutch authorities arrested him nine months ago on alleged charges of facilitating money laundering shortly after U.S. authorities sanctioned the crypto transaction privacy tool, claiming it was linked to North Korean state hackers Lazarus Group and may have laundered as much as $7 billion since 2019. Sorry I was afk for a while, what did I miss? 👀 — Alexey Pertsev (@alex_pertsev) April 28, 2023 Finally, why think about personal finance when you can just outsource it to ChatGPT? I decided to outsource my entire personal financial life to GPT-4 (via the @donotpay chat we are building). I gave AutoGPT access to my bank, financial statements, credit report, and email. Here’s how it’s going so far (+$217.85) and the strange ways it’s saving money. (1/n): pic.twitter.com/JO9p1A5ipc — Joshua Browder (@jbrowder1) April 29, 2023 Editor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported. View comments', 'Bitcoin this week leda small market-wide rallyafter shares in First Republic Bank nosedived when the institution’s latest quarterly report revealed a decline in deposits. On Sunday, some of the leading cryptocurrencies appear to beshrugging off their intraweek gains,but there has been no explosive price movement in either direction.AI was a hot topic on Crypto Twitter this week. Electro-pop singer Grimes started the conversation on Monday when sheoffered 50% royaltiesto anyone that creates a hit using her machine-generated voice. In afollow-up tweetshe said she would use smart contracts to issue the royalties.\nLater in the week, Avenged Sevenfold singer and Ethereum maxi M. Shadows gave his two cents to Grimes’s proposal.\nOn Tuesday, Neeraj Agrawal—who heads communications at pro-crypto policy think tank CoinCentre—solicited donations for some Bitcoin developers who are currently embroiled in a legal battle with notorious industry troll Craig Wright, an Australian software developer who claims to be the man behind the pseudonym Satoshi Nakomoto, the inventor of Bitcoin.\nBankrupt crypto lender Voyager broke the news that Binance US hadaxeda deal to acquire the company’s assets. Voyager was one of the high-profile casualties stemming from Terra’s collapse last May. In a statement to Decrypt, Binance cited “the hostile and uncertain regulatory climate in the United States” as the main reason behind the decision to back out.\nSolana announced anew integration with ChatGPTthat day.\nAvid tech fan@Odin_Freeshared a pie chart highlighting how regulators have driven Ethereum principal deposits out of the Krakenexchange.\nBitcoinbriefly plummeted on Wednesday. Will Clemente, founder of blockchain research firm Reflexivity Research, was watching the red candles.\nIt turns out the world’s favorite crypto had fallen 7% in an hour, starting shortly before erroneous reports that blockchain analytics firm Arkham had said wallets linked to thedefunct Mt. Gox exchange and the U.S. government had moved huge Bitcoin stashes. Arkham CEO Miguel Morel toldDecryptthat the transactions weren’t connected and Arkham later explained the situation in a post mortem on Twitter:\nThe following day, analytics firm Glassnode showed followers how to track the Mt. Gox and U.S. government balances in question.\nLast year may have been hailed “Crypto Winter” for those in the thick of the industry, but for their lawyers and advisers it was a sunnier story, tweeted FTX creditor Sunil.\nBlockchain gumshoeZachXBTis hot on the heels of a scammer who has so far created over a hundred different memecoins to rug investors with.\nBinance CEO Changpeng "CZ" Zhao wants you to know he’s not as wealthy or as competitive as everyone says he is.\nA self-proclaimed Bitfinex/Tether whistleblower posted a scathing critique of recent Coinbase investors. They’re not alone in thinking that Coinbase may be planning to relocate. The company itself has frequently mentioned the hostile regulatory climate in the U.S. recently and last week announcedplans for global expansion, including Bermuda and, possibly, the crypto-friendly free economic zone, Abu Dhabi Global Market.\nTornado Cash developer Alexey Pertsev returned to Twitter after he was released on bail to wait for his trial at home. Dutch authorities arrested him nine months ago on alleged charges of facilitating money laundering shortly after U.S. authoritiessanctionedthe crypto transaction privacy tool, claiming it was linked to North Korean state hackers Lazarus Group and may have laundered as much as $7 billion since 2019.\nFinally, why think about personal finance when you can just outsource it to ChatGPT?\nEditor\'s note: This article was updated after publication to clarify that the "Mt. Gox alert" was the result of user error and not a "bug fix" by Arkham as initially reported.', 'Ordinalsnotched a new record on Saturday as the protocol used for inscribing digital assets onBitcoin—producing assets comparable to Ethereum-basedNFTs—had its busiest day yet.\nThe daily number of inscriptions made through Ordinals on Saturday totaled around 223,000, according to a widely-used Dunedashboard. It marked the first time over 200,000 inscriptions were made in a single day and suggests the protocol is as popular as ever as it enters its fifth month sincelaunch.\nIn April alone, the daily record for inscriptions made was shattered four other times. That included roughly 72,000 inscriptions on April 2 and 193,000 inscriptions on April 23, according to the Dune dashboard.\nAt the same time, the number of Bitcoin transactions neared levels not seen in several years, according to blockchain analytics firm IntoTheBlock. On Sunday, the firm said that the weekly average of daily Bitcoin transactions was around 396,000, its highest level since December 2017.\nLooking at some of the latestinscriptionsusing ordinals.com, what once resembled a sea of images early on has morphed into a wall of text-based inscriptions. The tides began to shift last month as peoplediscoveredOrdinals could be used to create fungible tokens on Bitcoin, in a way that’s analogous towhat one can doon Ethereum.\nThe trend was kicked off by a pseudonymous on-chain data enthusiast named Domo, who created the “BRC-20” token standard as an experiment. And as of Sunday, close to 6,900 tokens using the new-developed standard have been launched, including several meme tokens with multi-million dollar market caps, according to data frombrc-20.io.\nNorth of 99.8% of the total inscriptions made on Saturday was text-based compared to just 272 image-based inscriptions, which represented 0.1% of the daily total. While not every text-based inscription is tied to fungible tokens, the ratio on Saturday represents a shift in Ordinals’ use compared to when the month began.\nWhen the daily record for inscriptions made was broken on April 4, text-based subscriptions accounted for only 86% of the daily total, while image-based ones made up nearly 13% at 9,273.\nAside from the creation of fungible tokens under the so-called BRC-20 standard, Ordinals is opening the door to activity on Bitcoin in other ways, such as theSats Name(.sats) standard that resemblesname servicesbuilt on Ethereum.\nOn Friday, the self-described NFT Historian @LeonidasNFT recognized recent developments in the Ordinals space, saying that “ordinals protocol innovation on Bitcoin has been increasing exponentially.”\nThat same day, the accountcelebrateda separate milestone for Ordinals, as the total number of inscriptions crossed 2 million. Just a couple of days later, the total number of inscriptions is now over 2.5 million, according to the Dunedashboard.\n“It’s thrilling to see inscriptions growing the way they are,” Ordinals Project Communications Director Isabel Foxen Duke toldDecrypt, “I’m concerned these numbers are inflated by a flood of inscription-generated BRC-20 tokens which are highly insecure and may pose a risk to retail investors.”\nIndeed, some projects that have quickly embraced the experimental token standard have encountered headwinds, such as UniSat Wallet. Shortly after the digital wallet project—which supports inscriptions and BRC-20 tokens—launched its own marketplace, the service was compromised “due to a vulnerability in [its] codebase.”\nUniSat Wallet indicated it will compensate users who were affected by the incident on Twitter, which it said had impacted 70 transactions. The project did not immediately respond to requests for comment fromDecrypt.\nInscriptions are sometimes referred to colloquially as Bitcoin NFTs, but the process for creating inscriptions and how each one’s corresponding data is stored is distinct compared to digital assets that are created on blockchains like Ethereum or Solana.\nNFTs are unique digital tokens minted using smart contracts, where people interact with code that operates on decentralized protocols. They represent the ownership of an item, often digital art, and though it’s possible to store assets such as images on-chain using Ethereum or Solana, most NFTs point to an asset that is stored off-chain.\nlInstead of creating a token that’s entirely new, using Ordinals, people inscribe content like images or text to individual Satoshi, the smallest denomination that a Bitcoin can be divided into (1/100,000,000 BTC). And that content is stored directly and permanently on Bitcoin’s blockchain.', 'Ordinalsnotched a new record on Saturday as the protocol used for inscribing digital assets onBitcoin—producing assets comparable to Ethereum-basedNFTs—had its busiest day yet.\nThe daily number of inscriptions made through Ordinals on Saturday totaled around 223,000, according to a widely-used Dunedashboard. It marked the first time over 200,000 inscriptions were made in a single day and suggests the protocol is as popular as ever as it enters its fifth month sincelaunch.\nIn April alone, the daily record for inscriptions made was shattered four other times. That included roughly 72,000 inscriptions on April 2 and 193,000 inscriptions on April 23, according to the Dune dashboard.\nAt the same time, the number of Bitcoin transactions neared levels not seen in several years, according to blockchain analytics firm IntoTheBlock. On Sunday, the firm said that the weekly average of daily Bitcoin transactions was around 396,000, its highest level since December 2017.\nLooking at some of the latestinscriptionsusing ordinals.com, what once resembled a sea of images early on has morphed into a wall of text-based inscriptions. The tides began to shift last month as peoplediscoveredOrdinals could be used to create fungible tokens on Bitcoin, in a way that’s analogous towhat one can doon Ethereum.\nThe trend was kicked off by a pseudonymous on-chain data enthusiast named Domo, who created the “BRC-20” token standard as an experiment. And as of Sunday, close to 6,900 tokens using the new-developed standard have been launched, including several meme tokens with multi-million dollar market caps, according to data frombrc-20.io.\nNorth of 99.8% of the total inscriptions made on Saturday was text-based compared to just 272 image-based inscriptions, which represented 0.1% of the daily total. While not every text-based inscription is tied to fungible tokens, the ratio on Saturday represents a shift in Ordinals’ use compared to when the month began.\nWhen the daily record for inscriptions made was broken on April 4, text-based subscriptions accounted for only 86% of the daily total, while image-based ones made up nearly 13% at 9,273.\nAside from the creation of fungible tokens under the so-called BRC-20 standard, Ordinals is opening the door to activity on Bitcoin in other ways, such as theSats Name(.sats) standard that resemblesname servicesbuilt on Ethereum.\nOn Friday, the self-described NFT Historian @LeonidasNFT recognized recent developments in the Ordinals space, saying that “ordinals protocol innovation on Bitcoin has been increasing exponentially.”\nThat same day, the accountcelebrateda separate milestone for Ordinals, as the total number of inscriptions crossed 2 million. Just a couple of days later, the total number of inscriptions is now over 2.5 million, according to the Dunedashboard.\n“It’s thrilling to see inscriptions growing the way they are,” Ordinals Project Communications Director Isabel Foxen Duke toldDecrypt, “I’m concerned these numbers are inflated by a flood of inscription-generated BRC-20 tokens which are highly insecure and may pose a risk to retail investors.”\nIndeed, some projects that have quickly embraced the experimental token standard have encountered headwinds, such as UniSat Wallet. Shortly after the digital wallet project—which supports inscriptions and BRC-20 tokens—launched its own marketplace, the service was compromised “due to a vulnerability in [its] codebase.”\nUniSat Wallet indicated it will compensate users who were affected by the incident on Twitter, which it said had impacted 70 transactions. The project did not immediately respond to requests for comment fromDecrypt.\nInscriptions are sometimes referred to colloquially as Bitcoin NFTs, but the process for creating inscriptions and how each one’s corresponding data is stored is distinct compared to digital assets that are created on blockchains like Ethereum or Solana.\nNFTs are unique digital tokens minted using smart contracts, where people interact with code that operates on decentralized protocols. They represent the ownership of an item, often digital art, and though it’s possible to store assets such as images on-chain using Ethereum or Solana, most NFTs point to an asset that is stored off-chain.\nlInstead of creating a token that’s entirely new, using Ordinals, people inscribe content like images or text to individual Satoshi, the smallest denomination that a Bitcoin can be divided into (1/100,000,000 BTC). And that content is stored directly and permanently on Bitcoin’s blockchain.', "Ordinals notched a new record on Saturday as the protocol used for inscribing digital assets on Bitcoin \x97producing assets comparable to Ethereum-based NFTs \x97had its busiest day yet. The daily number of inscriptions made through Ordinals on Saturday totaled around 223,000, according to a widely-used Dune dashboard . It marked the first time over 200,000 inscriptions were made in a single day and suggests the protocol is as popular as ever as it enters its fifth month since launch . In April alone, the daily record for inscriptions made was shattered four other times. That included roughly 72,000 inscriptions on April 2 and 193,000 inscriptions on April 23, according to the Dune dashboard. Bitcoin NFT Mints Surpass 200K\x97But Is Interest in Ordinals Fading? At the same time, the number of Bitcoin transactions neared levels not seen in several years, according to blockchain analytics firm IntoTheBlock. On Sunday, the firm said that the weekly average of daily Bitcoin transactions was around 396,000, its highest level since December 2017. The 7-day average of daily Bitcoin transactions was at its highest this week since December 2017. The increasing number of daily transactions suggests growing active usage of the Bitcoin blockchain pic.twitter.com/zKWUM8Vw5P \x97 IntoTheBlock (@intotheblock) April 30, 2023 Looking at some of the latest inscriptions using ordinals.com, what once resembled a sea of images early on has morphed into a wall of text-based inscriptions. The tides began to shift last month as people discovered Ordinals could be used to create fungible tokens on Bitcoin, in a way that\x92s analogous to what one can do on Ethereum. The trend was kicked off by a pseudonymous on-chain data enthusiast named Domo, who created the \x93BRC-20\x94 token standard as an experiment. And as of Sunday, close to 6,900 tokens using the new-developed standard have been launched, including several meme tokens with multi-million dollar market caps, according to data from brc-20.io . Story continues North of 99.8% of the total inscriptions made on Saturday was text-based compared to just 272 image-based inscriptions, which represented 0.1% of the daily total. While not every text-based inscription is tied to fungible tokens, the ratio on Saturday represents a shift in Ordinals\x92 use compared to when the month began. When the daily record for inscriptions made was broken on April 4, text-based subscriptions accounted for only 86% of the daily total, while image-based ones made up nearly 13% at 9,273. What Does Satoshi Nakamoto Look Like? AI Provides Some Answers Aside from the creation of fungible tokens under the so-called BRC-20 standard, Ordinals is opening the door to activity on Bitcoin in other ways, such as the Sats Name (.sats) standard that resembles name services built on Ethereum. On Friday, the self-described NFT Historian @LeonidasNFT recognized recent developments in the Ordinals space, saying that \x93ordinals protocol innovation on Bitcoin has been increasing exponentially.\x94 Ordinals Inscriptions Rare Sats BRC-20 .sats None of these things existed 3 months ago. Ever since the release of the ordinals protocol innovation on Bitcoin has been increasing exponentially. 14 years in and we haven't even scratched the surface of what Bitcoin can do yet. \x97 Leonidas.og (@LeonidasNFT) April 28, 2023 That same day, the account celebrated a separate milestone for Ordinals, as the total number of inscriptions crossed 2 million. Just a couple of days later, the total number of inscriptions is now over 2.5 million, according to the Dune dashboard . \x93It\x92s thrilling to see inscriptions growing the way they are,\x94 Ordinals Project Communications Director Isabel Foxen Duke told Decrypt , \x93I\x92m concerned these numbers are inflated by a flood of inscription-generated BRC-20 tokens which are highly insecure and may pose a risk to retail investors.\x94 Indeed, some projects that have quickly embraced the experimental token standard have encountered headwinds, such as UniSat Wallet. Shortly after the digital wallet project\x97which supports inscriptions and BRC-20 tokens\x97launched its own marketplace, the service was compromised \x93due to a vulnerability in [its] codebase.\x94 A few hours ago, UniSat Marketplace, which just launched, experienced a large number of double-spend attacks due to a vulnerability in our codebase. During our testing last week, we simulated different approaches to double-spend attacks and made improvements and enhancements to\x85 \x97 UniSat Wallet - Store, Inscribe and Search. (@unisat_wallet) April 24, 2023 UniSat Wallet indicated it will compensate users who were affected by the incident on Twitter, which it said had impacted 70 transactions. The project did not immediately respond to requests for comment from Decrypt . Ordinals Fees Spike as Bored Ape Yacht Club Clones Bloom on Bitcoin Inscriptions are sometimes referred to colloquially as Bitcoin NFTs, but the process for creating inscriptions and how each one\x92s corresponding data is stored is distinct compared to digital assets that are created on blockchains like Ethereum or Solana. NFTs are unique digital tokens minted using smart contracts, where people interact with code that operates on decentralized protocols. They represent the ownership of an item, often digital art, and though it\x92s possible to store assets such as images on-chain using Ethereum or Solana, most NFTs point to an asset that is stored off-chain. lInstead of creating a token that\x92s entirely new, using Ordinals, people inscribe content like images or text to individual Satoshi, the smallest denomination that a Bitcoin can be divided into (1/100,000,000 BTC). And that content is stored directly and permanently on Bitcoin\x92s blockchain.", 'In this article, we will be taking a look at the 25 largest VC-backed companies in the US in 2023. If you don\'t want to get into details, you can comfortably head to the 5 largest VC-backed companies in the US in 2023 . Venture capital-backed companies have played a vital role in driving innovation and economic growth both in the US and internationally. These businesses are frequently in their early phases and have great growth potential, but they lack the funds to expand. In return for an ownership part in the company, VC firms offer financing and expertise to support the expansion of these businesses. Top VC firms like Sequoia Capital, Andreessen Horowitz, GGV Capital, etc have played a great role in funding these companies. According to reports , the rate of job growth for VC-backed businesses is approximately 8 times greater than that of non-VC-backed businesses. The Rule Of VC Backed Companies Many of the most important technological developments in recent years have been produced by VC-backed companies. For instance, VC firms were crucial in providing early capital for businesses like Alphabet Inc. (NASDAQ: GOOG )\'S Google, Amazon.com, Inc. (NASDAQ: AMZN ) and Apple Inc. (NASDAQ: AAPL ). These businesses grew to be some of the biggest and most valuable businesses in the world, generating vast riches for their owners, backers, and staff members. Alphabet Inc. (NASDAQ:GOOG)\'s Google generated a total revenue of $279.8 billion in the fiscal year 2022 while Apple Inc. (NASDAQ:AAPL) generated a revenue of $117.5 billion in the same year. Alph abet Inc. (NASDAQ:GOOG)\'s Google, Amazon.com, Inc (NASDAQ:AMZN), and Apple Inc (NASDAQ:AAPL) are highly valued globally for their high end services. The US has seen an increase in VC investment over the past few years, contributing to the robust state of VC businesses today. From the record-breaking pace of 2021, venture capital (VC) investment slowed down even more in Q4 2022, falling by 14% from the $37.9 billion raised in Q3. However, venture capital activity still exceeded $200 billion, reaching $209.4 billion, making 2022 the second-highest year for VC investment ever. This rise in financing has intensified transaction rivalry and raised early-stage company valuations. Story continues Despite the COVID-19 pandemic\'s difficulties, VC-backed firms have maintained their strong performance. Due to changes in consumer behavior and a rise in the need for digital solutions, many businesses in industries including e-commerce, healthcare, and finance have experienced considerable growth. A well-known hedge fund and venture capital company based in New York, Tiger Global Management, recently reduced the value of its portfolio of venture-backed companies. The decision was made in response to worries about soaring IT sector valuations and greater regulatory scrutiny. Some of the most well-known startups in the world, including Coinbase Global, Inc. (NASDAQ: COIN ), Stripe, and Uipath, Inc. (NYSE: PATH ) are included in the company’s portfolio of venture-backed companies. With a focus on businesses that are upending traditional sectors, the firm has been a prolific investor in the tech industry. To reflect these concerns, Tiger Global had reduced the value of all of its venture capital assets by around 33%, as reported by The Wall Street Journal . This action raised concerns about the overall state of the technology industry and its possible effects on other investors. The two possible reasons for this act could be that this could be an indication of a wider market correction, as investors grow more wary of the risks involved with funding high-growth startups or Tiger Global might simply be acting prudently to manage its risk exposure and safeguard its investors. Whatever the motivations underlying the decision, it emphasises how crucial meticulous due research is when making investments in the tech industry. Many inventive businesses will undoubtedly continue to prosper in the years to come, but investors need to be careful not to overpay for growth or overlook the dangers involved with funding early-stage startups. However, the long-term success of VC companies will depend on their capacity to recognise good startups, deliver value beyond cash, and handle shifting market dynamics. The tech industry is continuously changing, and VC companies will need to adapt to stay competitive and provide solid returns for their investors. 25 Largest VC-Backed Companies In The US In 2023 alex-knight-2EJCSULRwC8-unsplash Our Methodology For our methodology, we have gathered data points from various reputable sources including pitchbook and Crunchbase , among others and ranked the 25 largest VC-backed companies in the US in 2023 in ascending order based on the highest revenue earned in the year 2022. The data for companies\' total funding figures and prominent investors comes from Crunchbase. It is important to note that, for the private companies that made it to our list, we have estimated their revenues in the same year based on sources like Zippia and Statista . Here is our list of the 25 largest VC-backed companies in the US in 2023. 25. Houzz Revenue: $340 million (estimated) Total Funding: $600 million Houzz is an online platform that connects house owners with architects, designers, and contractors for remodeling and design projects. Along with a directory of nearby experts, the platform offers millions of product listings and photos. Houzz has earned over $600 million in funding from its investors including Sequoia Capital and GGV capital over 8 rounds. 24. Tanium Revenue: $430 million (estimated) Total Funding: $1.1 billion Tanium is the creator of an endpoint management and security platform with real-time monitoring and extensive control. The company\'s platform makes use of high-fidelity data to help clients regain visibility and control over their digital businesses by enabling them to act quickly and precisely on issues as they arise, quickly scope incidents, and stop threats before they become out of control. Tanium has earned a total funding amount of $1.1 billion over 15 rounds. The Garage Syndicate and Axevil Capital are the most recent investors out of the 19 investors the company has. 23. Niantic Revenue: $713.46 million (estimated) Total Funding: $770 million A software development business called Niantic focuses on location-based gaming and augmented reality (AR) technology. The popular mobile game, Pokémon Go, which has been downloaded more than 1 billion times worldwide, is its most well-known creation. The goal of Niantic is to employ technology to promote social connection, exercise, and discovery and has raised a total of $770 million in funding over 5 rounds and has 22 investors, out of which, Coatue and CRV are the most recent investors. 22. UiPath, Inc. (NYSE:PATH) Revenue: $1.05 billion Total Funding: $2 billion A platform for automating routine and manual processes is offered by UiPath, Inc. (NYSE:PATH), a top robotic process automation (RPA) software provider. With the help of its software robots, or "bots," businesses can automate operations and boost productivity by interacting with software applications exactly like people do. With over 10,000 clients , UiPath, Inc. (NYSE:PATH) is regarded as a market leader in RPA and has earned a total of $2 billion in funding over 10 rounds from various investors including Sequoia Capital and Tiger Global Management . 21. Robinhood Markets, Inc. (NASDAQ: HOOD ) Revenue: $1.36 billion Total Funding: $6.2 billion Financial services provider Robinhood Markets, Inc. (NASDAQ:HOOD) offers a well-liked trading program for buying and selling stocks, options, cryptocurrencies, and exchange-traded funds (ETFs). Millions of consumers have been drawn to it by its straightforward and user-friendly platform, especially younger investors. Throughout 28 rounds, Robinhood Markets, Inc. (NASDAQ:HOOD) has raised a total of $6.2 billion in funding. On May 13, 2022, they received their most recent capital investment from a Post-IPO Secondary round. Their most recent investors are Emergent Fidelity Technologies and 9 Yards Capital. 20. Unity Software Inc. (NYSE: U ) Revenue: $1.39 billion Total Funding: $1.3 billion For developing and running interactive, real-time 3D content, Unity Software Inc. (NYSE:U) is a top platform. Most of the developers, artists, and creators use it to design and construct video games, experience augmented reality (AR), virtual reality (VR), and other interactive entertainment. Unity Software Inc. (NYSE:U) raised a total of $1.3 billion in funding over 12 rounds. FinSight Ventures and Milestone Ventures are the most recent investors of the company out of 21 total investors. 19. SoFi Technologies, Inc. (NASDAQ: SOFI ) Revenue: $1.57 billion Total Funding: $3 billion SoFi Technology, Inc. (NASDAQ:SOFI) is a provider of financial technology services that include personal loans, student loan refinancing, mortgages, investment, and banking. Through its digital platform, which offers simple access to financial products and tools, SoFi Technology, Inc. (NASDAQ:SOFI)\'s mission is to assist people in achieving financial independence and accumulating wealth, and has raised a total of $3 billion in funding over 19 rounds. The most recent investors are HOF Capital and Asas Capital. 18. Rivian Automotive, Inc. (NASDAQ:RIVN) Revenue: $1.6 billion Total Funding: $12 billion Rivian Automotive, Inc. (NASDAQ:RIVN) is an American manufacturer and automotive technology firm. The R1T electric pickup truck and R1S electric SUV are among its best-known products. Rivian Automotive, Inc. (NASDAQ:RIVN) has received funding from several well-known businesses, including Ford Motor Company (NYSE: F ) and Amazon.com, Inc. (NASDAQ:AMZN), and has won accolades for its creative approach to EV development. Ford Motor Company (NYSE:F) is one of the biggest automakers in the world that produces a wide range of vehicle models. Ford Motor Company (NYSE:F) has faced many issues but still has a significant role in the vehicle industry. The company has raised a total of $12 billion in funding with the help of 18 investors over 11 rounds. D1 Capital is the most recent investor and the latest funding was raised from a Post IPO Debt round in March 2023. 17. Credit Karma Revenue: $1.8 billion (estimated) Total Funding: $868 Million Credit Karma is a personal finance startup that offers its consumers free credit monitoring, credit scores, and financial advice. Additionally, it provides advice on credit cards and loans, as well as resources for setting up budgets and controlling debt. It has accumulated a total of $868 million in funding over 8 rounds with the help of 14 investors. The recent investors in Credit Karma are Silver Lake and Viking Global Investors. 16. Palantir Technologies Inc. (NYSE: PLTR ) Revenue: $1.9 billion Total funding: $3 billion A software startup called Palantir Technologies Inc. (NYSE:PLTR) focuses on providing intelligence and big data analytics solutions and has raised a total of $3 billion in funding. Governments and organizations all across the world utilise its software platform to help them make better decisions and learn from massive amounts of data. Palantir Technologies Inc. (NYSE:PLTR) has a reputation for working with the American government and for playing a contentious part in national security and surveillance initiatives. The most recent investments in the company were made by ARK Investment Management and Milestone Ventures. 15. JUUL Revenue: $2 billion (estimated) Total Funding: $15.2 billion JUUL is an electronic cigarette (e-cigarette) brand that became popular in the United States for its sleek design, discreetness, and use of nicotine salts, which provide a strong hit of nicotine. In response, JUUL has taken steps to address these concerns, including discontinuing certain flavored Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-04-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $564,183,473,738 - Hash Rate: 358383011.4671458 - Transaction Count: 568516.0 - Unique Addresses: 612597.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Elon Musk has inadvertently revealed what appears to be a secret “burner” Twitter account that the billionaire has used to make under-the-radar comments about Tesla, Joe Biden, and the collapsed cryptocurrency exchange FTX. Mr Musk accidentally revealed the account, @Ermnmusk, when tweeting a screenshot of his Twitter settings menu to advertisethe platform’s subscription service. The second handle has the screen name Elon Test and its profile picture appears to be of his son X, whose mother is the musician Grimes. Research suggests the picture did not exist elsewhere on the internet until the existence of the account emerged. The account sent its first tweet in November and its last earlier this week, saying “I will finally turn 3 on May 4th!” in reference to the birthday of Mr Musk's son. In one exchange, the account tweeted: “Do you like Japanese girls?” at Michael Saylor, a prominent Bitcoin promoter. In others, he appears to imitate his two-year-old son. In response to another tweet about Caroline Ellison, a former executive at FTX who had a romantic relationship with the exchange’s founderSam Bankman-Fried, he tweeted “I [love] librarians” using a purple heart emoji. Mr Musk has not confirmed that the account is his, although it followers several users that he regularly interacts with. The account frequently replied to tweets about FTX, in one case responding to an explicit joke tweeted from Mr Musk’s main account. It also regularly complained that it had no followers, in contrast to Mr Musk whose 137m followers make him the most followed person on the service. The account has swelled to 42,700 followers since internet users identified it. The “Elon Test” account also commented on the large motorcade Joe Biden brought to last year’s Cop27 climate conference, saying: “Why does he need so many cars? Does he have a big family?” He responded to another tweet about Tesla’s full self-driving vehicle software with the single word “Wow!” The second account came to light after Mr Musk tweeted a screenshot of his Twitter settings, which allow users with multiple accounts to quickly switch between them by tapping the accounts’ profile pictures. Mr Musk may have a third account, according to reports. He acquired the Twitter handle @e, according to Zoe Schiffer, a reporter at the newsletter Platformer. The account, which has the screen name “John Utah” appears to have been suspended before Mr Musk acquired Twitter in October last year, possibly due to multiple hacking attempts associated with high-value one-letter usernames. The account follows three users – Mr Musk, Nasa, and a Los Angeles news website – but has no tweets on its account.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Morsa Images/Getty ImagesExchange-traded funds (ETFs) allow investors to buy a collection of stocks or other assets in just one fund with (usually) low expenses, and they trade on an exchange like stocks. ETFs have become tremendously popular in the last decade and now hold trillions of dollars in assets. With literally thousands of ETFs to choose from, where does an investor start? Below are some of the top ETFs by category, including some highly specialized funds.\nAnexchange-traded fundmay hold positions in many different assets, including stocks, bonds and sometimes commodities.\xa0ETFs most often track a specific index such as the Standard & Poor’s 500 or the Nasdaq 100, meaning they hold positions in the index companies at their same relative weights in the index.\xa0So by buying one share in the ETF, an investor effectively purchases a (tiny) share in all the assets held in the fund.\nETFs are often themed around a specific collection of stocks. An S&P 500 index fund is one of themost popular themes, but themes also includevalue or growth stocks, dividend-paying stocks, country-based investments, disruptive technologies, specific industries like information technology or healthcare, various bond maturities (short, medium and long) and many others.\nFor running an ETF, the fund company charges a fee called anexpense ratio. The expense ratio is the annual percentage of your total investment in the fund. For example, an ETF might charge a fee of 0.12 percent. That means on an annual basis an investor would pay $12 for every $10,000 invested in the fund. Low-cost ETFs are very popular with investors.\n• Equity ETFs\n• Bond ETFs\n• Balanced ETFs\n• Commodity ETFs\n• Currency ETFs\n• Real estate ETFs\n• Volatility ETFs\n• Leveraged ETFs\n• Inverse ETFs\nEquity ETFs provide exposure to a portfolio of publicly traded stocks, and may be divided into several categories by where the stock is listed, the size of the company, whether it pays a dividend or what sector it’s in. So investors can find the kind of stock funds they want exposure to and buy only stocks that meet certain criteria.\nStock ETFstend to be more volatile than other kinds of investments such as CDs or bonds, but they’re suitable for long-term investors looking to build wealth. Some of the most popular equity ETF sectors and their historical performance (as of April 28, 2023) include:\nThis kind of ETF gives investors broad exposure to publicly traded companies listed on American exchanges using a passive investment approach that tracks a major index such as the S&P 500 or Nasdaq 100.\nVanguard S&P 500 ETF (VOO)\n• 2023 YTD performance:8.3 percent\n• Historical performance (annual over 5 years):11.0 percent\n• Expense ratio:0.03 percent\nAlternatives:Some of the most widely held ETFs in this group also include SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV) and Invesco QQQ Trust (QQQ).\nThis kind of ETF can provide targeted exposure to international publicly traded companies broadly or by more specific geographic areas, such as Asia, Europe or emerging markets. Investing in foreign companies introduces concerns such as currency risk and governance risks, since foreign countries may not offer the same protections for investors as the U.S. does.\nVanguard FTSE Developed Markets ETF (VEA)\n• 2023 YTD performance:10.8 percent\n• Historical performance (annual over 5 years):3.6 percent\n• Expense ratio:0.05 percent\nAlternatives:Some of the most widely held ETFs also include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS).\nThis kind of ETF gives investors a way to buy stock in specific industries, such as consumer staples, energy, financials, healthcare, technology and more. These ETFs are typically passive, meaning they track a specific preset index of stocks and simply mechanically follow the index.\nVanguard Information Technology ETF (VGT)\n• 2023 YTD performance:19.3 percent\n• Historical performance (annual over 5 years):18.4 percent\n• Expense ratio:0.10 percent\nAlternatives:Some of the most widely held ETFs also include Financial Select Sector SPDR Fund (XLF), Energy Select Sector SPDR Fund (XLE) and Industrial Select Sector SPDR Fund (XLI).\nThis kind of ETF gives investors a way to buy only stocks that pay a dividend. Adividend ETF is usually passively managed, meaning it mechanically tracks an index of dividend-paying firms. This kind of ETF is usually more stable than a total market ETF, and it may be attractive to those looking for investments that produce income, such as retirees.\nThebest dividend ETFstend to offer higher returns and low cost.\nVanguard Dividend Appreciation ETF (VIG)\n• 2023 YTD performance:3.4 percent\n• Historical performance (annual over 5 years):11.2 percent\n• Expense ratio:0.06 percent\nAlternatives:Some of the most widely held ETFs here also include) Vanguard High Dividend Yield Index ETF (VYM) and Schwab U.S. Dividend Equity ETF (SCHD).\nAbond ETFprovides exposure to a portfolio of bonds, which are often divided into sub-sectors depending on bond type, their issuer, maturity and other factors, allowing investors to buy exactly the kind of bonds they want. Bonds pay out interest on a schedule, and the ETF passes this income on to holders.\nBond ETFs can be an attractive holding for those needing the safety of regular income, such as retirees. Some of the most popular bond ETF sectors and their returns include:\nThis kind of bond ETF gives exposure to bonds with a long maturity, perhaps as long as 30 years out. Long-term bond ETFs are most exposed to changes in interest rates, so if rates move higher or lower, these ETFs will move inversely to the direction of rates. While these ETFs may pay a higher yield than shorter-term bond ETFs, many don’t see the reward as worthy of the risk.\niShares MBS ETF (MBB)\n• 2023 YTD performance:2.6 percent\n• Historical performance (annual over 5 years):0.3 percent\n• Expense ratio:0.04 percent\nAlternatives:Some of the most widely held ETFs also include iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Mortgage-Backed Securities ETF (VMBS).\nThis kind of bond ETF gives exposure to bonds with a short maturity, typically no more than a few years. These bond ETFs won’t move much in response to changes to interest rates, meaning they’re relatively low risk. These ETFs can be a more attractive option than owning the bonds directly because the fund is highly liquid and more diversified than any individual bond.\nVanguard Short-Term Bond ETF (BSV)\n• 2023 YTD performance:2.1 percent\n• Historical performance (annual over 5 years):1.4 percent\n• Expense ratio:0.04 percent\nAlternatives:Some of the most widely held ETFs in this category also include iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury ETF (VGSH).\nThis kind of bond ETF gives investors exposure to a wide selection of bonds, diversified by type, issuer, maturity and region. A total bond market ETF provides a way to gain broad bond exposure without going too heavy in one direction, making it a way to diversify a stock-heavy portfolio.\nVanguard Total Bond Market ETF (BND)\n• 2023 YTD performance:3.3 percent\n• Historical performance (annual over 5 years):1.1 percent\n• Expense ratio:0.03 percent\nAlternatives:Some of the most widely held ETFs also include iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Total International Bond ETF (BNDX).\nThis kind of bond ETF gives exposure to bonds issued by states and cities, and interest on these bonds is typically tax-free, though it’s lower than that paid by other issuers. Muni bonds have traditionally been one of the safest areas of the bond market, though if you own out-of-state munis in a fund, you will lose the tax benefits in your home state, though not at the federal level. Given the tax advantages, it is advantageous to consider a municipal bond ETF that invests in your state of residence.\niShares National Muni Bond ETF (MUB)\n• 2023 YTD performance:1.9 percent\n• Historical performance (annual over 5 years):2.0 percent\n• Expense ratio:0.07 percent\nAlternatives:Some of the most widely held ETFs also include Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB).\nA balanced ETF owns both stock and bonds, and it targets a certain exposure to stock, which is often reflected in its name. These funds allow investors to have the long-term returns of stocks while reducing some of the risk with bonds, which tend to be more stable. A balanced ETF may be more suitable for long-term investors who may be a bit more conservative but need growth in their portfolio.\n• 2023 YTD performance:7.1 percent\n• Historical performance (annual over 5 years):5.7 percent\n• Expense ratio:0.15 percent\nAlternatives:Some of the most widely held balanced ETFs also include iShares Core Growth Allocation ETF (AOR) and iShares Core Moderate Allocation ETF (AOM).\nA commodity ETF gives investors a way to own specific commodities, including agricultural goods, oil, precious metals and others without having to transact in the futures markets. The ETF may own the commodity directly or via futures contracts. Commodities tend to be quite volatile, so they may not be well-suited for all investors. However, these ETFs may allow more advanced investors to diversify their holdings, hedge out exposure to a given commodity in their other investments or make a directional bet on the price of a given commodity. Thebest-performing gold ETFstend to offer highly effective portfolio diversification with added defensive stores of value.\n• 2023 YTD performance:8.9 percent\n• Historical performance (annual over 5 years):8.0 percent\n• Expense ratio:0.40 percent\nAlternatives:Some of the most widely held commodities ETFs also include iShares Silver Trust (SLV), United States Oil Fund LP (USO) and Invesco DB Agriculture Fund (DBA).\nA currency ETF gives investors exposure to a specific currency by simply buying an ETF rather than accessing theforeign exchange (forex) markets. Investors can gain access to some of the world’s most widely traded currencies, including the U.S. Dollar, the Euro, the British Pound, the Swiss Franc, the Japanese Yen and more. These ETFs are more suitable for advanced investors who may be seeking a way to hedge out exposure to a specific currency in their other investments or to simply make a directional bet on the value of a currency.\n• 2023 YTD performance:-0.4 percent\n• Historical performance (annual over 5 years):3.7 percent\n• Expense ratio:0.75 percent\nAlternatives:Some of the most widely held currency ETFs also include Invesco CurrencyShares Euro Trust (FXE) and Invesco CurrencyShares Swiss Franc Trust (FXF).\nReal estate ETFs usually focus on holding stocks classified asREITs, or real estate investment trusts. REITs are a convenient way to own an interest in companies that own and manage real estate, and REITs operate in many sectors of the market, including residential, commercial, industrial, lodging, cell towers, medical buildings and more. REITs typically pay out substantial dividends, which are then passed on to the holders of the ETF. These payouts make REITs and REIT ETFs particularly popular among those who need income, especially retirees. The best ETF REITs maximize dividend yields, as dividends are the main reason for investing in them.\n• 2023 YTD performance:0.7 percent\n• Historical performance (annual over 5 years):5.3 percent\n• Expense ratio:0.12 percent\nAlternatives:Some of the most widely held real estate ETFs also include iShares U.S. Real Estate ETF (IYR) and Schwab U.S. REIT ETF (SCHH).\nETFs even allow investors to bet on the volatility of the stock market through what are called volatility ETFs. Volatility is measured by the CBOE Volatility Index,commonly known as the VIX. Volatility usually rises when the market is falling and investors become uneasy, so a volatility ETF can be a way to hedge your investment in the market, helping to protect it. Because of how they’re structured, they’re best-suited for traders looking for short-term moves in the market, not long-term investors looking to profit from a rise in volatility.\n• 2023 YTD performance:-23.0 percent\n• Historical performance (annual over 5 years):-44.1 percent\n• Expense ratio:0.89 percent\nAlternatives:Some of the most widely held volatility ETFs also include the ProShares VIX Mid-Term Futures ETF (VIXM) and the ProShares Short VIX Short-Term Futures ETF (SVXY).\nA leveraged ETF goes up in value more rapidly than the index it’s tracking, and aleveraged ETF may target a gain that’s two or even three times higher than the daily return on its index. For example, a triple-leveraged ETF based on the S&P 500 should rise 3 percent on a day the index rises 1 percent. A double leveraged ETF would target a double return. Because of how leveraged ETFs are structured, they’re best-suited for traders looking for short-term returns on the target index over a few days, rather than long-term investors.\n• 2023 YTD performance:61.0 percent\n• Historical performance (annual over 5 years):18.1 percent\n• Expense ratio:0.86 percent\nAlternatives:Some of the most widely held leveraged ETFs also include ProShares Ultra QQQ (QLD), Direxion Daily Semiconductor Bull 3x Shares (SOXL) and ProShares Ultra S&P 500 (SSO).\nInverse ETFs go up in value when the market declines, and they allow investors to buy one fund that inversely tracks a specific index such as the S&P 500 or Nasdaq 100. These ETFs may target the exact inverse performance of the index, orthey may try to offer two or three times the performance, like a leveraged ETF. For example, if the S&P 500 fell 2 percent in a day, a triple inverse should rise about 6 percent that day. Because of how they’re structured, inverse ETFs are best-suited for traders looking to capitalize on short-term declines in an index.\n• 2023 YTD performance:-6.0 percent\n• Historical performance (annual over 5 years):-12.7 percent\n• Expense ratio:0.89 percent\nAlternatives:Some of the most widely held inverse ETFs also include ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraShort S&P 500 (SDS).\nIt’s relatively easy toinvest in ETFs, and this fact makes them popular with investors. You can buy and sell them on an exchange like a regular stock. Here’s how to invest in an ETF:\nYou have a choice of more than 3,000 ETFs trading in the U.S., so you’ll have to sift through the funds to determine which one you want to buy.\nOne good option is to buy an index fund based on the S&P 500, since it includes the top publicly traded stocks listed in the U.S. (Plus, it’s the recommendation of super investor Warren Buffett.) But other broad-based index funds can also be a good choice, reducing (but not eliminating) your investment risk. Many companies offer similar index funds, so compare the expense ratio on each to see which one offers the best deal.\nOnce you’ve found a fund to invest in, note its ticker symbol, a three- or four-letter code.\nNow determine how much you’re able to invest in the ETF. You may have a specific amount available to you now that you want to put into the market. But what you can invest may also depend on the price of the ETF.\nAn ETF may trade at a price of $10 or $15 or maybe even a few hundred dollars per share. Generally, you’ll need to buy at least one whole share when placing an order. However, if you use abroker that allows fractional shares, you can put any amount of money to work, regardless of the ETF price. In many cases these brokers do not charge a trading commission either.\nFortunes are built over years, so it’s important to continue to add money to the market over time. So you should also determine how much you can add to the market regularly over time.\nNow it’s time to place the order with your broker. If you have money in the account already, you can place the trade using the ETF’s ticker symbol. If not, deposit money into the account and then place the trade when the money clears.\nIf you don’t have a brokerage account, it usually takes just a few minutes to set one up. A handful of brokers such asRobinhoodandWebullallow you to instantly fund your account. So in some cases you could get started and be fully trading in minutes.\nInflationis the persistent increase in prices over time, and it gradually reduces your purchasing power.\xa0To protect yourself from inflation, you need investments that rise faster than it does. And one way to do that is to actually own the businesses – or stock in them – that benefit from inflation.\nOften the beneficiary is a high-quality business that can push on those rising prices to consumers. By owning a stake in the business – through stock or a collection of stocks in an ETF – you can benefit when your companies raise their prices. So owning stock can be a way toprotect yourself from inflation.\nInvestors have a good choice of ETFs when it comes tohedging against inflation. Two of the most popular ETFs include index funds based on the Standard & Poor’s 500 index and the Nasdaq 100 index, which contain high-quality businesses listed on American exchanges:\n• Vanguard S&P 500 ETF (VOO), with an expense ratio of 0.03 percent\n• Invesco QQQ Trust (QQQ), with an expense ratio of 0.20 percent\nBoth are low-cost funds that give you stakes in some of the world’s best companies, helping protect you from inflation.\nCurrently, there are no ETFs that allow you to invest directly inBitcoin or other cryptocurrencies. Several companies, includingFidelity, have applied with the Securities and Exchange Commission (SEC) to offer Bitcoin ETFs, but the agency has been slow to approve them. In a recent statement, the SEC questioned whether the Bitcoin futures market could support the entry of ETFs, which aren’t able to limit additional investor assets if a fund were to become too large or dominant.\nHowever, there are ETFs that invest in companies using the technology behind Bitcoin, known asblockchain. These ETFs hold shares in companies such as Microsoft, PayPal, Mastercard and Square. All of these companies use blockchain technology in different parts of their businesses. One thing these ETFs don’t give you is direct exposure toBitcoinitself, but as blockchain technology continues to grow, the companies in these ETFs could benefit.\nIt’s unclear when or if ETFs that invest in Bitcoin or other cryptocurrencies directly will be available for purchase. It’s important to remember that cryptocurrencies are highly speculative investments and don’t produce anything for their owners. ETFs that focus on blockchain may ultimately be a safer way to profit from its future innovation.\nETFs are a good kind of investment because of the benefits they deliver to investors, and ETFs can generate significant returns for investors, if they select the right funds.\nETFs provide several benefits to investors, including the ability to buy multiple assets in one fund, the risk-reducing benefits of diversification and the generally low costs to manage the fund. The cheapest funds are generally passively managed and may cost just a few dollars annually for every $10,000 invested. Plus, passively managed ETFs often perform much better than actively managed ones.\nHow an individual ETF performs depends completely on the stocks, bonds and other assets that it owns. If these assets rise in value, then the ETF will rise in value, too. If the assets fall, so will the ETF. The performance of the ETF is just the weighted average of the return of its holdings.\nSo not all ETFs are the same, and that’s why it’s important to know what your ETF owns.\nAn ETF may hold stakes in many different kinds of assets, including stocks and bonds. In contrast, a stock is an ownership interest in a specific company. While some ETFs consist entirely of stocks, an ETF and stock behave differently:\n• Stocks usually fluctuate more than ETFs.An individual stock usually moves around a lot more than an ETF does. That means you might make or lose more money on an individual stock than you would on an ETF.\n• ETFs are more diversified.By buying a stock ETF you’re taking advantage of the power of diversification, putting your eggs in many different stocks rather than just one stock or a few individual stocks. This helps reduce your risk over time.\n• Returns on a stock ETF depend on many companies, not just one.The performance of an ETF depends on the weighted average performance of its investments, whereas with an individual stock the return depends entirely on the performance of that one company.\nThose differences are some of the most important between ETFs and stocks.\nETFs and mutual fundsboth have similar structures and benefits. They both can offer a pool of investments such as stocks and bonds, reduced risk due to diversification (compared to single stock holdings or a portfolio of a few stocks), low management fees and the potential for attractive returns.\nBut these two types of funds differ in some key ways:\n• ETFs are usually passive investments.Most ETFs usually just follow a predetermined index, investing mechanically based on whatever is in the index. In contrast, mutual funds are often actively managed, meaning a fund manager is investing the money, ideally to try to beat the market.Research shows that over the long term passive management usually wins.\n• ETFs are often cheaper than mutual funds.Passive investing is cheaper to set up than active management, where the fund company must pay a team of experts to analyze the market. As a result, ETFs are cheaper than mutual funds as a whole, though passively managed index mutual funds can be cheaper than ETFs.\n• Commissions may be higher with mutual funds.Today, virtually all major online brokers do not charge a commission to buy ETFs. In contrast, many mutual funds do have a sales commission, depending on the brokerage,though many are also offered for no trading commission, too.\n• ETFs do not have sales loads.Sometimes mutual funds may have a sales load, which is a further commission to the salesperson. These funds can be 1 or even 2 percent of your total investment, hurting your returns. ETFs do not have these fees.\n• You can trade ETFs any time the market is open.ETFs trade like stocks on an exchange, and you can place an order during the trading day and know exactly the price you’re paying. In contrast, a mutual fund is priced after the market closes and only then are shares traded.\n• Mutual funds may be forced to make a taxable distribution.At the end of the year mutual funds may have to make a capital gains distribution, which is taxable to its shareholders, even if they haven’t sold the fund. That’s not the case with ETFs.\nThose are some of the biggest differences between ETFs and mutual funds, though both do achieve the same goal of providing investors a diversified investment fund. While it may seem that ETFs are clearly better,sometimes mutual funds are the better choice for low costs.\nETFs are a good choice for beginners who do not have a lot of experience investing in the markets. But if the ETF is investing in market-based assets such as stocks and bonds, it can lose money. These investments are not insured against loss by the government.\nBut ETFs can offer a lot to beginners and even more experienced investors who do not want to analyze investments or invest in individual stocks. For example, rather than trying to pick winning stocks, you could simply buy an index fund and own a piece of many top companies.\nBy investing in many assets, sometimes hundreds, ETFs provide the benefits of diversification, reducing (but not eliminating) the risk for investors, compared to just owning a handful of assets.\nSo ETFs – depending on what they’re invested in – can be a safe choice for beginners.\nOne of the big advantages of ETFs is their liquidity, meaning that they’re easily convertible to cash. Investors can buy and sell their funds on any day the market is open.\nThat said, there’s no guarantee that you can get what you paid for the investment.\nETFs do have some disadvantages but they’re not usually too significant:\n• The ETF is only as good as its holdings.If the ETF owns poorly performing assets, it’s going to perform poorly. The ETF structure can’t turn lead into gold.\n• ETFs won’t be the highest performers.Due to their diversified nature, ETFs will never be among the highest-performing investments. For instance, an automobile industry ETF will never outperform the best-performing individual auto producer.\n• ETFs may not be as focused as they seem.Some ETFs say they give you exposure to a certain country or industry (such as blockchain ETFs). In reality, many of the companies included in these ETFs derive substantial portions of their earnings from outside the target area. For example, an ETF that focuses on Europe may include BMW, though the German car company generates huge sales all over the world. So an ETF can be much less focused on a given investing niche than its name leads you to believe.\nFor these reasons, you’ll want to understand what assets a given ETF owns and whether that’s what you actually want to own when you buy the ETF.\n• Vanguard S&P 500 ETF (VOO)\n• Vanguard FTSE Developed Markets ETF (VEA)\n• Vanguard Information Technology ETF (VGT)\n• Vanguard Dividend Appreciation ETF (VIG)\n• iShares MBS ETF (MBB)\n• Vanguard Short-Term Bond ETF (BSV)\n• Vanguard Total Bond Market ETF (BND)\n• iShares National Muni Bond ETF (MUB)\n• iShares Core Aggressive Allocation ETF (AOA)\n• SPDR Gold Shares (GLD)\n• Invesco DB US Dollar Index Bullish Fund (UUP)\n• Vanguard Real Estate ETF (VNQ)\n• iPath Series B S&P 500 VIX Short-Term Futures (VXX)\n• ProShares UltraPro QQQ (TQQQ)\n• ProShares Short S&P 500 ETF (SH)\nEditorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.', 'Morsa Images/Getty Images Exchange-traded funds (ETFs) allow investors to buy a collection of stocks or other assets in just one fund with (usually) low expenses, and they trade on an exchange like stocks. ETFs have become tremendously popular in the last decade and now hold trillions of dollars in assets. With literally thousands of ETFs to choose from, where does an investor start? Below are some of the top ETFs by category, including some highly specialized funds. What is an ETF and how does it work? An exchange-traded fund may hold positions in many different assets, including stocks, bonds and sometimes commodities.\xa0ETFs most often track a specific index such as the Standard & Poor’s 500 or the Nasdaq 100, meaning they hold positions in the index companies at their same relative weights in the index.\xa0So by buying one share in the ETF, an investor effectively purchases a (tiny) share in all the assets held in the fund. ETFs are often themed around a specific collection of stocks. An S&P 500 index fund is one of the most popular themes , but themes also include value or growth stocks , dividend-paying stocks, country-based investments, disruptive technologies, specific industries like information technology or healthcare, various bond maturities (short, medium and long) and many others. For running an ETF, the fund company charges a fee called an expense ratio . The expense ratio is the annual percentage of your total investment in the fund. For example, an ETF might charge a fee of 0.12 percent. That means on an annual basis an investor would pay $12 for every $10,000 invested in the fund. Low-cost ETFs are very popular with investors. Best ETFs of May 2023 by type: Equity ETFs Bond ETFs Balanced ETFs Commodity ETFs Currency ETFs Real estate ETFs Volatility ETFs Leveraged ETFs Inverse ETFs Top equity ETFs Equity ETFs provide exposure to a portfolio of publicly traded stocks, and may be divided into several categories by where the stock is listed, the size of the company, whether it pays a dividend or what sector it’s in. So investors can find the kind of stock funds they want exposure to and buy only stocks that meet certain criteria. Story continues Stock ETFs tend to be more volatile than other kinds of investments such as CDs or bonds, but they’re suitable for long-term investors looking to build wealth. Some of the most popular equity ETF sectors and their historical performance (as of April 28, 2023) include: Top U.S. market-cap index ETFs This kind of ETF gives investors broad exposure to publicly traded companies listed on American exchanges using a passive investment approach that tracks a major index such as the S&P 500 or Nasdaq 100. Vanguard S&P 500 ETF (VOO) 2023 YTD performance: 8.3 percent Historical performance (annual over 5 years): 11.0 percent Expense ratio: 0.03 percent Alternatives: Some of the most widely held ETFs in this group also include SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV) and Invesco QQQ Trust (QQQ). Top international ETFs This kind of ETF can provide targeted exposure to international publicly traded companies broadly or by more specific geographic areas, such as Asia, Europe or emerging markets. Investing in foreign companies introduces concerns such as currency risk and governance risks, since foreign countries may not offer the same protections for investors as the U.S. does. Vanguard FTSE Developed Markets ETF (VEA) 2023 YTD performance: 10.8 percent Historical performance (annual over 5 years): 3.6 percent Expense ratio: 0.05 percent Alternatives: Some of the most widely held ETFs also include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). Top sector ETFs This kind of ETF gives investors a way to buy stock in specific industries, such as consumer staples, energy, financials, healthcare, technology and more. These ETFs are typically passive, meaning they track a specific preset index of stocks and simply mechanically follow the index. Vanguard Information Technology ETF (VGT) 2023 YTD performance: 19.3 percent Historical performance (annual over 5 years): 18.4 percent Expense ratio: 0.10 percent Alternatives: Some of the most widely held ETFs also include Financial Select Sector SPDR Fund (XLF), Energy Select Sector SPDR Fund (XLE) and Industrial Select Sector SPDR Fund (XLI). Dividend ETFs This kind of ETF gives investors a way to buy only stocks that pay a dividend. A dividend ETF is usually passively managed , meaning it mechanically tracks an index of dividend-paying firms. This kind of ETF is usually more stable than a total market ETF, and it may be attractive to those looking for investments that produce income, such as retirees. The best dividend ETFs tend to offer higher returns and low cost. Vanguard Dividend Appreciation ETF (VIG) 2023 YTD performance: 3.4 percent Historical performance (annual over 5 years): 11.2 percent Expense ratio: 0.06 percent Alternatives: Some of the most widely held ETFs here also include) Vanguard High Dividend Yield Index ETF (VYM) and Schwab U.S. Dividend Equity ETF (SCHD). Top bond ETFs A bond ETF provides exposure to a portfolio of bonds, which are often divided into sub-sectors depending on bond type, their issuer, maturity and other factors, allowing investors to buy exactly the kind of bonds they want. Bonds pay out interest on a schedule, and the ETF passes this income on to holders. Bond ETFs can be an attractive holding for those needing the safety of regular income, such as retirees. Some of the most popular bond ETF sectors and their returns include: Long-term bond ETFs This kind of bond ETF gives exposure to bonds with a long maturity, perhaps as long as 30 years out. Long-term bond ETFs are most exposed to changes in interest rates, so if rates move higher or lower, these ETFs will move inversely to the direction of rates. While these ETFs may pay a higher yield than shorter-term bond ETFs, many don’t see the reward as worthy of the risk. iShares MBS ETF (MBB) 2023 YTD performance: 2.6 percent Historical performance (annual over 5 years): 0.3 percent Expense ratio: 0.04 percent Alternatives: Some of the most widely held ETFs also include iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Mortgage-Backed Securities ETF (VMBS). Short-term bond ETFs This kind of bond ETF gives exposure to bonds with a short maturity, typically no more than a few years. These bond ETFs won’t move much in response to changes to interest rates, meaning they’re relatively low risk. These ETFs can be a more attractive option than owning the bonds directly because the fund is highly liquid and more diversified than any individual bond. Vanguard Short-Term Bond ETF (BSV) 2023 YTD performance: 2.1 percent Historical performance (annual over 5 years): 1.4 percent Expense ratio: 0.04 percent Alternatives: Some of the most widely held ETFs in this category also include iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury ETF (VGSH). Total bond market ETFs This kind of bond ETF gives investors exposure to a wide selection of bonds, diversified by type, issuer, maturity and region. A total bond market ETF provides a way to gain broad bond exposure without going too heavy in one direction, making it a way to diversify a stock-heavy portfolio. Vanguard Total Bond Market ETF (BND) 2023 YTD performance: 3.3 percent Historical performance (annual over 5 years): 1.1 percent Expense ratio: 0.03 percent Alternatives: Some of the most widely held ETFs also include iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Total International Bond ETF (BNDX). Municipal bond ETFs This kind of bond ETF gives exposure to bonds issued by states and cities, and interest on these bonds is typically tax-free, though it’s lower than that paid by other issuers. Muni bonds have traditionally been one of the safest areas of the bond market, though if you own out-of-state munis in a fund, you will lose the tax benefits in your home state, though not at the federal level. Given the tax advantages, it is advantageous to consider a municipal bond ETF that invests in your state of residence. iShares National Muni Bond ETF (MUB) 2023 YTD performance: 1.9 percent Historical performance (annual over 5 years): 2.0 percent Expense ratio: 0.07 percent Alternatives: Some of the most widely held ETFs also include Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB). Top balanced ETFs A balanced ETF owns both stock and bonds, and it targets a certain exposure to stock, which is often reflected in its name. These funds allow investors to have the long-term returns of stocks while reducing some of the risk with bonds, which tend to be more stable. A balanced ETF may be more suitable for long-term investors who may be a bit more conservative but need growth in their portfolio. iShares Core Aggressive Allocation ETF (AOA) 2023 YTD performance: 7.1 percent Historical performance (annual over 5 years): 5.7 percent Expense ratio: 0.15 percent Alternatives: Some of the most widely held balanced ETFs also include iShares Core Growth Allocation ETF (AOR) and iShares Core Moderate Allocation ETF (AOM). Top commodity ETFs A commodity ETF gives investors a way to own specific commodities, including agricultural goods, oil, precious metals and others without having to transact in the futures markets. The ETF may own the commodity directly or via futures contracts. Commodities tend to be quite volatile, so they may not be well-suited for all investors. However, these ETFs may allow more advanced investors to diversify their holdings, hedge out exposure to a given commodity in their other investments or make a directional bet on the price of a given commodity. The best-performing gold ETFs tend to offer highly effective portfolio diversification with added defensive stores of value. SPDR Gold Shares (GLD) 2023 YTD performance: 8.9 percent Historical performance (annual over 5 years): 8.0 percent Expense ratio: 0.40 percent Alternatives: Some of the most widely held commodities ETFs also include iShares Silver Trust (SLV), United States Oil Fund LP (USO) and Invesco DB Agriculture Fund (DBA). Top currency ETFs A currency ETF gives investors exposure to a specific currency by simply buying an ETF rather than accessing the foreign exchange (forex) markets . Investors can gain access to some of the world’s most widely traded currencies, including the U.S. Dollar, the Euro, the British Pound, the Swiss Franc, the Japanese Yen and more. These ETFs are more suitable for advanced investors who may be seeking a way to hedge out exposure to a specific currency in their other investments or to simply make a directional bet on the value of a currency. Invesco DB US Dollar Index Bullish Fund (UUP) 2023 YTD performance: -0.4 percent Historical performance (annual over 5 years): 3.7 percent Expense ratio: 0.75 percent Alternatives: Some of the most widely held currency ETFs also include Invesco CurrencyShares Euro Trust (FXE) and Invesco CurrencyShares Swiss Franc Trust (FXF). Top real estate ETFs (REIT ETFs) Real estate ETFs usually focus on holding stocks classified as REITs , or real estate investment trusts. REITs are a convenient way to own an interest in companies that own and manage real estate, and REITs operate in many sectors of the market, including residential, commercial, industrial, lodging, cell towers, medical buildings and more. REITs typically pay out substantial dividends, which are then passed on to the holders of the ETF. These payouts make REITs and REIT ETFs particularly popular among those who need income, especially retirees. The best ETF REITs maximize dividend yields, as dividends are the main reason for investing in them. Vanguard Real Estate ETF (VNQ) 2023 YTD performance: 0.7 percent Historical performance (annual over 5 years): 5.3 percent Expense ratio: 0.12 percent Alternatives: Some of the most widely held real estate ETFs also include iShares U.S. Real Estate ETF (IYR) and Schwab U.S. REIT ETF (SCHH). Top volatility ETFs ETFs even allow investors to bet on the volatility of the stock market through what are called volatility ETFs. Volatility is measured by the CBOE Volatility Index, commonly known as the VIX . Volatility usually rises when the market is falling and investors become uneasy, so a volatility ETF can be a way to hedge your investment in the market, helping to protect it. Because of how they’re structured, they’re best-suited for traders looking for short-term moves in the market, not long-term investors looking to profit from a rise in volatility. iPath Series B S&P 500 VIX Short-Term Futures (VXX) 2023 YTD performance: -23.0 percent Historical performance (annual over 5 years): -44.1 percent Expense ratio: 0.89 percent Alternatives: Some of the most widely held volatility ETFs also include the ProShares VIX Mid-Term Futures ETF (VIXM) and the ProShares Short VIX Short-Term Futures ETF (SVXY). Top leveraged ETFs A leveraged ETF goes up in value more rapidly than the index it’s tracking, and a leveraged ETF may target a gain that’s two or even three times higher than the daily return on its index . For example, a triple-leveraged ETF based on the S&P 500 should rise 3 percent on a day the index rises 1 percent. A double leveraged ETF would target a double return. Because of how leveraged ETFs are structured, they’re best-suited for traders looking for short-term returns on the target index over a few days, rather than long-term investors. ProShares UltraPro QQQ (TQQQ) 2023 YTD performance: 61.0 percent Historical performance (annual over 5 years): 18.1 percent Expense ratio: 0.86 percent Alternatives: Some of the most widely held leveraged ETFs also include ProShares Ultra QQQ (QLD), Direxion Daily Semiconductor Bull 3x Shares (SOXL) and ProShares Ultra S&P 500 (SSO). Top inverse ETFs Inverse ETFs go up in value when the market declines, and they allow investors to buy one fund that inversely tracks a specific index such as the S&P 500 or Nasdaq 100. These ETFs may target the exact inverse performance of the index, or they may try to offer two or three times the performance , like a leveraged ETF. For example, if the S&P 500 fell 2 percent in a day, a triple inverse should rise about 6 percent that day. Because of how they’re structured, inverse ETFs are best-suited for traders looking to capitalize on short-term declines in an index. ProShares Short S&P 500 ETF (SH) 2023 YTD performance: -6.0 percent Historical performance (annual over 5 years): -12.7 percent Expense ratio: 0.89 percent Alternatives: Some of the most widely held inverse ETFs also include ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraShort S&P 500 (SDS). How to invest in ETFs It’s relatively easy to invest in ETFs , and this fact makes them popular with investors. You can buy and sell them on an exchange like a regular stock. Here’s how to invest in an ETF: 1. Find which ETF you want to buy You have a choice of more than 3,000 ETFs trading in the U.S., so you’ll have to sift through the funds to determine which one you want to buy. One good option is to buy an index fund based on the S&P 500, since it includes the top publicly traded stocks listed in the U.S. ( Plus, it’s the recommendation of super investor Warren Buffett .) But other broad-based index funds can also be a good choice, reducing (but not eliminating) your investment risk. Many companies offer similar index funds, so compare the expense ratio on each to see which one offers the best deal. Once you’ve found a fund to invest in, note its ticker symbol, a three- or four-letter code. 2. Figure out how much you can invest Now determine how much you’re able to invest in the ETF. You may have a specific amount available to you now that you want to put into the market. But what you can invest may also depend on the price of the ETF. An ETF may trade at a price of $10 or $15 or maybe even a few hundred dollars per share. Generally, you’ll need to buy at least one whole share when placing an order. However, if you use a broker that allows fractional shares , you can put any amount of money to work, regardless of the ETF price. In many cases these brokers do not charge a trading commission either. Fortunes are built over years, so it’s important to continue to add money to the market over time. So you should also determine how much you can add to the market regularly over time. 3. Place the order with your broker Now it’s time to place the order with your broker. If you have money in the account already, you can place the trade using the ETF’s ticker symbol. If not, deposit money into the account and then place the trade when the money clears. If you don’t have a brokerage account, it usually takes just a few minutes to set one up. A handful of brokers such as Robinhood and Webull allow you to instantly fund your account. So in some cases you could get started and be fully trading in minutes. Protect yourself from inflation with ETFs Inflation is the persistent increase in prices over time, and it gradually reduces your purchasing power.\xa0To protect yourself from inflation, you need investments that rise faster than it does. And one way to do that is to actually own the businesses – or stock in them – that benefit from inflation. Often the beneficiary is a high-quality business that can push on those rising prices to consumers. By owning a stake in the business – through stock or a collection of stocks in an ETF – you can benefit when your companies raise their prices. So owning stock can be a way to protect yourself from inflation . Investors have a good choice of ETFs when it comes to hedging against inflation . Two of the most popular ETFs include index funds based on the Standard & Poor’s 500 index and the Nasdaq 100 index, which contain high-quality businesses listed on American exchanges: Vanguard S&P 500 ETF (VOO), with an expense ratio of 0.03 percent Invesco QQQ Trust (QQQ), with an expense ratio of 0.20 percent Both are low-cost funds that give you stakes in some of the world’s best companies, helping protect you from inflation. What to know about crypto and ETFs in 2023 Currently, there are no ETFs that allow you to invest directly in Bitcoin or other cryptocurrencies . Several companies, including Fidelity , have applied with the Securities and Exchange Commission (SEC) to offer Bitcoin ETFs, but the agency has been slow to approve them. In a recent statement, the SEC questioned whether the Bitcoin futures market could support the entry of ETFs, which aren’t able to limit additional investor assets if a fund were to become too large or dominant. However, there are ETFs that invest in companies using the technology behind Bitcoin, known as blockchain . These ETFs hold shares in companies such as Microsoft, PayPal, Mastercard and Square. All of these companies use blockchain technology in different parts of their businesses. One thing these ETFs don’t give you is direct exposure to Bitcoin itself, but as blockchain technology continues to grow, the companies in these ETFs could benefit. It’s unclear when or if ETFs that invest in Bitcoin or other cryptocurrencies directly will be available for purchase. It’s important to remember that cryptocurrencies are highly speculative investments and don’t produce anything for their owners. ETFs that focus on blockchain may ultimately be a safer way to profit from its future innovation. Exchange-traded fund (ETF) FAQ Are ETFs a good type of investment? ETFs are a good kind of investment because of the benefits they deliver to investors, and ETFs can generate significant returns for investors, if they select the right funds. ETFs provide several benefits to investors, including the ability to buy multiple assets in one fund, the risk-reducing benefits of diversification and the generally low costs to manage the fund. The cheapest funds are generally passively managed and may cost just a few dollars annually for every $10,000 invested. Plus, passively managed ETFs often perform much better than actively managed ones. How an individual ETF performs depends completely on the stocks, bonds and other assets that it owns. If these assets rise in value, then the ETF will rise in value, too. If the assets fall, so will the ETF. The performance of the ETF is just the weighted average of the return of its holdings. So not all ETFs are the same, and that’s why it’s important to know what your ETF owns. What’s the difference between ETFs and stocks? An ETF may hold stakes in many different kinds of assets, including stocks and bonds. In contrast, a stock is an ownership interest in a specific company. While some ETFs consist entirely of stocks, an ETF and stock behave differently: Stocks usually fluctuate more than ETFs. An individual stock usually moves around a lot more than an ETF does. That means you might make or lose more money on an individual stock than you would on an ETF. ETFs are more diversified. By buying a stock ETF you’re taking advantage of the power of diversification, putting your eggs in many different stocks rather than just one stock or a few individual stocks. This helps reduce your risk over time. Returns on a stock ETF depend on many companies, not just one. The performance of an ETF depends on the weighted average performance of its investments, whereas with an individual stock the return depends entirely on the performance of that one company. Those differences are some of the most important between ETFs and stocks. What’s the difference between ETFs and mutual funds? ETFs and mutual funds both have similar structures and benefits. They both can offer a pool of investments such as stocks and bonds, reduced risk due to diversification (compared to single stock holdings or a portfolio of a few stocks), low management fees and the potential for attractive returns. But these two types of funds differ in some key ways: ETFs are usually passive investments. Most ETFs usually just follow a predetermined index, investing mechanically based on whatever is in the index. In contrast, mutual funds are often actively managed, meaning a fund manager is investing the money, ideally to try to beat the market. Research shows that over the long term passive management usually wins. ETFs are often cheaper than mutual funds. Passive investing is cheaper to set up than active management, where the fund company must pay a team of experts to analyze the market. As a result, ETFs are cheaper than mutual funds as a whole, though passively managed index mutual funds can be cheaper than ETFs. Commissions may be higher with mutual funds. Today, virtually all major online brokers do not charge a commission to buy ETFs. In contrast, many mutual funds do have a sales commission, depending on the brokerage, though many are also offered for no trading commission, too . ETFs do not have sales loads. Sometimes mutual funds may have a sales load, which is a further commission to the salesperson. These funds can be 1 or even 2 percent of your total investment, hurting your returns. ETFs do not have these fees. You can trade ETFs any time the market is open. ETFs trade like stocks on an exchange, and you can place an order during the trading day and know exactly the price you’re paying. In contrast, a mutual fund is priced after the market closes and only then are shares traded. Mutual funds may be forced to make a taxable distribution. At the end of the year mutual funds may have to make a capital gains distribution, which is taxable to its shareholders, even if they haven’t sold the fund. That’s not the case with ETFs. Those are some of the biggest differences between ETFs and mutual funds, though both do achieve the same goa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $549,920,069,012 - Hash Rate: 440714243.8312197 - Transaction Count: 682281.0 - Unique Addresses: 697731.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today UPDATE (17:41 UTC, April 25): Adds denial from Poolin and WuBlockchain's details on the potential mislabeling of the wallet by CryptoQuant. Poolin, a firm that runs a crypto mining pool and a wallet service, may have moved 5,640 bitcoin ($150 million) from its main wallet on April 21, according to CryptoQuant data , around the time the world's largest digital asset dropped to $28,000. This marks the biggest outflow from miners since December 2020. However, Kevin Pan, CEO and founder of Poolin disputed the data to CoinDesk, adding that the wallet address doesn’t match up to the company’s profile and activity. Meanwhile, news outlet WuBlockchain tweeted that it might be a case of mislabeling of the address. CryptoQuant couldn't be reached for comment. The firm has issued at least $238 million in I-owe-you (IOU) tokens, according to analyst estimates , to its users after it froze withdrawals from its wallet service in September, citing liquidity issues . Data from CryptoQuant shows that Poolin still has 9,935 BTC in its accounts. It is unclear whether the $150 million was liquidated or simply moved to another account. Poolin hasn't posted any updates on redeeming the IOU tokens on its wallet arm's Medium site. Several users on its Telegram community support forum were still complaining about not being paid back as of the time of writing. Read more: Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet... - Reddit Posts (Sample): [['u/Bhosdi_Waala', 'Considering moving funds from Vanguard FTSE All World Distributing to Accumulating', 19, '2023-05-01 01:01', 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/', "Hey everyone, \n\nI've lately been reading some posts about how [the first 100K is the hardest to reach](https://fourpillarfreedom.com/charlie-munger-the-first-100000-is-a-btch/)\n\nI started off investing in the Distributing fund in order to leverage Germany's tax free dividends (up to 1000 euros per year)\n\nBut after reading these articles, I thought to myself that I'd rather reach that 100K threshold sooner than get a 1000 euro reward every year.\n\nSo I am considering liquidating my Distributing positions and moving them into the Accumulation fund. \n\nWould this be a wise choice considering the taxes I'll have to pay on the sell and perhaps the price fluctuation when selling and buying?", 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/', '1345qou', [['u/Fadjaros', 43, '2023-05-01 01:49', 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/jidbgda/', "Just keep what you have in the distributing one and start buying the accumulating. There is no point in selling. You won't get there a lot faster and you will have to pay taxes on the sale. It doesn't make sense", '1345qou'], ['u/XxXMorsXxX', 10, '2023-05-01 11:24', 'https://www.reddit.com/r/eupersonalfinance/comments/1345qou/considering_moving_funds_from_vanguard_ftse_all/jietm71/', 'You currently have optimized investing according to the tax characteristics of you country of residence. Looking to mess with it because of some phycological/motivation articles regarding investing seems like bad practice to me.', '1345qou']]], ['u/middlemangv', 'Am I wrong if I have zero empathy for people who invest in PEPE and lose money?', 407, '2023-05-01 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/', "I honestly have zero empathy for people who invest in PEPE and lose money. I don't feel sorry for them at all. It is a shitcoin. I would say that anyone who invested in PEPE before it blew up is greedy. There are people who invested some spare change in it and did good.\n\nCoins like this one, in my opinion, have bad impact on crypto.\n\nNew people join, get scammed, think crypto is a scam, stop investing in crypto.\n\n\n\nTheir roadmap:\n\n\n\nhttps://preview.redd.it/elt3f9snx3xa1.png?width=1032&format=png&auto=webp&v=enabled&s=a751a7f68f046d704eff47b8ca77eb575e7a2768\n\nI mean, come on...phase 2 Vibe and HODL?\n\nPhase 3 - Pepe merch and Pepe academy?\n\nIt is a memecoin.\n\nThey are even being iroinc about flipping BTC in phase 3.\n\nTheir tocenomics is awfull.\n\nIt is pump and dump scheme, probably with devs investing with their friends already for free.\n\n\n\nI shouldn't care where people invest, and I don't, I just don't feel sorry when they lose it. Am I wrong for it?", 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/', '1346f56', [['u/TheGoonKills', 10, '2023-05-01 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jida4dv/', "Nah. A fool and his money are soon parted. If it wasn't PEPE, they would have spent it on a Trump NFT or something equally stupid.", '1346f56'], ['u/TruthSeeekeer', 248, '2023-05-01 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidaazk/', 'Why would I have empathy for someone investing and losing money?\n\nHappens to me all the time.', '1346f56'], ['u/Elie0_0', 28, '2023-05-01 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidafc8/', "Pepe isn't even listed on any major exchanges right now, can't imagine how much it will go up if a major exchange lists it", '1346f56'], ['u/Certain_Cranberry_77', 11, '2023-05-01 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidah72/', 'Flip btc on phase 3 got me in.', '1346f56'], ['u/TOXICCARBY', 13, '2023-05-01 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidbfo6/', 'They know the risks of investing in such a coin', '1346f56'], ['u/jwz9904', 79, '2023-05-01 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidex5i/', 'No one really cares', '1346f56'], ['u/philosouf', 64, '2023-05-01 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidfm3d/', "Now I'm sure it will go up even higher if cc is bashing it", '1346f56'], ['u/void_evilness', 127, '2023-05-01 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidfpsc/', 'Is it a stupid way of spending money? Yes.\n\nIs it like gambling at a casino? Yes.\n\nShould you laugh at people who spend money at the casino and lose? No.\n\nShould you feel ‘superior’ for not gambling and being responsible? No.\n\nThere. Dont be ego', '1346f56'], ['u/MaeronTargaryen', 19, '2023-05-01 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidfsex/', 'It’s unfair, some people lose less money on meme coins than what I lose on blue chips', '1346f56'], ['u/Layer2Mechs', 13, '2023-05-01 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidg1s2/', 'its crazy the cope im seeing from people missing out on pepe.\n\nlet me tell you why this is the next play in 3 steps\n\n1.) crypto was made post 2008 financial crash as a separate store of value\n\n2.) banks currently collapsing, btc going up as a correlation \n\n3.) memecoins pump the hardest in a bull market, i believe the falling of banks is igniting a bull run. pepe will suceed because its one in a million memecoin. no shitty pump and dump “influencers” shilling it, the team isnt making promises and embracing what is it, a meme coin. not making any promises to “change the world” or “make a layer 2” like shib. every day you wait you lose on free money.\n\n\nfor reference. i bought sub 200k mc with .01 e', '1346f56'], ['u/GabeSter', 33, '2023-05-01 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidhpm4/', 'You must be an investor in ~checks notes~\n\nUhhh. Cardano, Algorand, Polkadot.', '1346f56'], ['u/Odysseus_Lannister', 16, '2023-05-01 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidhyyx/', 'adds LINK to footnotes', '1346f56'], ['u/mixomatoso', 20, '2023-05-01 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidi211/', "chuckles I'm in danger.", '1346f56'], ['u/DCdek', 16, '2023-05-01 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidickk/', 'LMAO Cope', '1346f56'], ['u/Sheeple9001', 13, '2023-05-01 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidjdxq/', 'VET', '1346f56'], ['u/ryencool', 60, '2023-05-01 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidlyww/', 'People said this same thing about shib, I was there...', '1346f56'], ['u/Ecstatic_Love4691', 51, '2023-05-01 03:15', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidm4n8/', 'That’s horrible. Where do I buy it?', '1346f56'], ['u/mathaiser', 26, '2023-05-01 03:37', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidovqj/', 'The only thing wrong is that it’s none of your business and your opinion of what others choose to do is worth less than the air you breathed when you said it.\n\nDo your own thing. Don’t worry about the inclinations of PEPE holders.', '1346f56'], ['u/Kukuzahara', 21, '2023-05-01 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidppk7/', 'Precisely. Just don’t be weird about things and be normal. Not that hard.', '1346f56'], ['u/supremebhandari', 25, '2023-05-01 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidqv6y/', '> Phase 3: Flip Bitcoin\n\n\n\nLol, good luck with that', '1346f56'], ['u/Blackskywaters', 15, '2023-05-01 04:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jidrrem/', "All crypto is a gamble as far as I'm concerned and we should all be prepared to lose it all.", '1346f56'], ['u/Vegas_42', 18, '2023-05-01 05:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jie3lyr/', "In 2021 I decided against buying shib. In my own eyes, I was a sophisticated investor. Only the real stuff and great tech like BTC, ETH, ATOM, DOT, you name it. I was too arrogant to buy a meme coin. I hated DOGE and SHIB and it insulted me that something useless made people rich. Guess what? I was wrong. Scam here, rugpull there, but the truth is, I missed the bus.\n\nIt's about earning money in the first place. Don't get attached to your coins (easy to say, but I love Bitcoin anyway). This time, I ignored my hubris and bought some when the coin was a few days old. I tripled, took out my original money and now I let the house money ride. I don't call it an investment, it's a gamble. But it's part of the game. Accept it or not. Memecoins are not dying anytime soon. And even when I lose it, I don't need empathy. I'm a grown man who made a decision and I was fully aware of what I was doing. So, don't worry.", '1346f56'], ['u/Every_Hunt_160', 53, '2023-05-01 06:04', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jie5oon/', "That's the misconception from this subreddit about coins like SHIB\n\nPeople buy these coins not for the tech. They buy it because these coins have a cute dog logo and also for a gamble\n\nSo while some Redditors here scratch their heads why these coins are in the top 20 while their 'tech' coins like Algorand goes lower and lower by the day, in reality you're talking about 2 entirely different categories of investors.", '1346f56'], ['u/Massive-Fox-846', 11, '2023-05-01 09:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jiel6j8/', 'I 5xed', '1346f56'], ['u/ecky--ptang-zooboing', 14, '2023-05-01 12:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jiezkgb/', 'The creators even warn people in the footer of their own website not to buy this shit:\n\n\n\n"$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only."', '1346f56'], ['u/Mr_Bob_Ferguson', 11, '2023-05-01 12:55', 'https://www.reddit.com/r/CryptoCurrency/comments/1346f56/am_i_wrong_if_i_have_zero_empathy_for_people_who/jif0czh/', ">Where do I buy it?\n\nJust head down the hall towards the roulette tables, to the left of the baccarat. \n\nThat's where they sell them.", '1346f56']]], ['u/jeters72', 'OKX/OkEx silently changes to $5000 lifetime withdrawal limit, locking all user funds and holding ransom. Who else is affected?', 10, '2023-05-01 05:20', 'https://www.reddit.com/r/OkX_WithdrawalHell/comments/134ba3r/okxokex_silently_changes_to_5000_lifetime/', 'On Monday, OkEx quietly began blocking all withdrawals on KYC-1 accounts with no notice. They also created a "deposit limit" and lock all funds deposited above the limit.\n\nI went to deposit funds to make a trade, as I have been for quite some time without issues, and was met with a notice that my funds are locked because my "deposit limit was exceeded" and my withdrawal limit being reduced from ~10BTC per day to $5000 lifetime and $2500 of that had somehow already been used. So there was no way to revert the deposit I just made, or to get any of my funds off the exchange. I had just deposited and withdrawn the day before with no problems. Turns out this was a sitewide change, which locked all users from withdrawing their funds unless they can complete extremely invasive KYC on a live webcam. Support is intentionally evasive and dances around the issue of the deceptive policy change and hijacking of user funds.\n\nThey are incorporated in the Seychelles and this action is clearly a breach of the fiduciary duties of the exchange under Part III, Act 6 of the Seychelles Financial Consumer Protection Act of 2022. Let\'s coordinate here to file an action with the Seychelles FSA, as well as a lawsuit under Seychelles consumer protection laws, and/or a class action lawsuit in other jurisdictions since I\'m sure others were affected as well\n\nWho else is subjected to funds locked by OKEx? I am gauging interest in a class action lawsuit since they are probably holding collectively millions of dollars ransom.\n\nI have been in crypto for years and have never seen such explicitly dishonest behavior by an exchange. If they need to add KYC, fine, but giving users absolutely 0 notice, and then refusing to allow users to close their accounts is an inexcusable landgrab for user funds who aren\'t comfortable with the security/identity risk by providing said shady exchange with personal information. The only reason I moved over from Kucoin was because OkX had much better trading UI and UX.\n\nSecond question: is there a DEX with the ability to do stop orders and sufficient liquidity for trades between major pairs and altcoins? I\'m sketched out by the contract and software vulnerability/hacking risk of the DEX\'s I\'ve seen so far, but perhaps it\'s the lesser of two evils. How can we know which DEX\'s are actually safe and not subject to contract draining/hacking of the wallet connectivity bridge or other critical vulnerabilities?', 'https://www.reddit.com/r/OkX_WithdrawalHell/comments/134ba3r/okxokex_silently_changes_to_5000_lifetime/', '134ba3r', '[]'], ['u/RushXdXd', 'My uncle gave me some bitcoin for my 16th birthday', 194, '2023-05-01 05:26', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/', 'Is there anyway I can translate it to my cash app account? If so how? Is there another app I can use?', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/', '134bdre', [['u/ElectronicOcelot3251', 196, '2023-05-01 05:38', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie345j/', 'Why? Save it. Put it in a cold wallet for a couple years at least.', '134bdre'], ['u/PseudonymousPlatypus', 14, '2023-05-01 05:50', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie4cwc/', 'Why would you want to put it in Cash App?', '134bdre'], ['u/PseudonymousPlatypus', 14, '2023-05-01 05:53', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie4ors/', 'You don’t need an “account” on something to use Bitcoin.', '134bdre'], ['u/TurdsBurglar', 104, '2023-05-01 05:54', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie4q9b/', 'Best fuckin uncle ever! HODL', '134bdre'], ['u/Into-the-Beyond', 424, '2023-05-01 05:59', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie59rs/', 'Uncle: hands nephew the keys to financial freedom.\nOP: trades it for monopoly bucks.', '134bdre'], ['u/Quercusgarryana', 34, '2023-05-01 06:01', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie5gms/', 'Ask your uncle to give you some resources and help you understand what Bitcoin is and how it works.', '134bdre'], ['u/bro_lol', 312, '2023-05-01 06:01', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie5h0c/', 'Sit down with your uncle and ask him WHY he gave you the bitcoin before doing anything. IMO it doesn’t belong on cash app.\n\nEdit: a word', '134bdre'], ['u/dem_skrimps', 31, '2023-05-01 06:14', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie6og9/', "You should treat the Bitcoin as a lesson in saving and an opportunity to learn about how the technology works. That would be the smart diamond hands thing to do. Don't sell and watch it grow over time. Get a part time job if you want spending money", '134bdre'], ['u/anotherrredditor', 15, '2023-05-01 06:30', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie88bo/', 'This', '134bdre'], ['u/anotherrredditor', 10, '2023-05-01 06:30', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie89zq/', 'Not if but when', '134bdre'], ['u/bulbouswalruz', 90, '2023-05-01 06:33', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie8l45/', "I sold 6 Bitcoin at $1000 each to buy a car. Don't be me 😂 HODL", '134bdre'], ['u/ResidentResearcher94', 13, '2023-05-01 06:41', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie9a7e/', 'Save it like your life depends on it.', '134bdre'], ['u/Nazerys', 19, '2023-05-01 06:42', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie9cpq/', 'Then he couldn’t afford the car?', '134bdre'], ['u/Massive_Fig6624', 19, '2023-05-01 06:49', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jie9z95/', 'Start to DCA into the bitcoin too', '134bdre'], ['u/AvisPhlox', 26, '2023-05-01 06:49', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiea0t8/', "Get a cold wallet, make the transfer, keep your keys secure along with your recovery phrases, then \n#pretend it doesn't exist\n\nI know what it's like when you see that you have some extra cash to play with, but you have the opportunity right now to start securing your future during these dumpster fire times. Please don't be dumb and cash out.", '134bdre'], ['u/No-Sympathy-5815', 109, '2023-05-01 06:50', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiea28y/', "Learn about why your uncle gave you Bitcoin and why you shouldn't sell it.", '134bdre'], ['u/Deathdar1577', 22, '2023-05-01 06:56', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiealpi/', 'Strongly agree with this statement.', '134bdre'], ['u/DrMandalay', 10, '2023-05-01 06:58', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieas7i/', 'Your mum is wrong. Your uncle is right. Avoid cash, keep the bitcoin. If you need cash, cash out the smallest amount you can to get by. The BTC will provide very soon. And make you more money than any job', '134bdre'], ['u/Left-Paper-4074', 10, '2023-05-01 07:02', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieb2j4/', 'You’re 16! Might sound funny but you need nothing in life at the moment! Save up kiddo !', '134bdre'], ['u/DisputableSSD', 14, '2023-05-01 07:07', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiebjey/', 'Just buy half of it, then you have a motorcycle.', '134bdre'], ['u/himtnboy', 14, '2023-05-01 07:28', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jied8w5/', "Cashapp is for spending. Bitcoin is for saving. Jack Dorsey is doing a good thing with Cashapp, but it is not the thing you need right now.\n\nGet a cold wallet. Secure your seed phrase. Watch it grow. Figure out what it is you have. Learn everything about it. Don't tell anyone.", '134bdre'], ['u/ledav3', 15, '2023-05-01 07:30', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieddvc/', '16years olds are generally in school and not working nowadays. I hope you realize that. DCA starts once people have a steady income. Do you give this advice to 5year olds as well?', '134bdre'], ['u/[deleted]', 51, '2023-05-01 07:34', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiedocu/', '[Yes.](https://i.imgur.com/RwLnTv4b.jpg)', '134bdre'], ['u/Any-Comb4685', 20, '2023-05-01 08:14', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiegpe0/', 'Don’t blame the Kid….he has hookers and blow to buy', '134bdre'], ['u/FumeUGSEnjoyer', 128, '2023-05-01 08:16', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieguyo/', 'uncle is facepalming hard now', '134bdre'], ['u/BruceAENZ', 18, '2023-05-01 08:40', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieimf0/', 'First of all, do not respond to any of the many direct messages you receive offering to help. They are probably all scammers.\n\nNext I would do some research on Bitcoin wallets, and check back to see what Bitcoin was worth 10 years ago. \n\nThis forum is filled with stories about people who traded Bitcoin when young for a small amount of cash and missed out on the parabolic gains.\n\nPersonally I would avoid letting my BTC anywhere near cash app or similar, but that’s my personal choice.', '134bdre'], ['u/Glad-Ease4283', 15, '2023-05-01 09:42', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jiemtcb/', "Don't buy Fortnite bucks with it XD", '134bdre'], ['u/ringomanzana', 70, '2023-05-01 11:41', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jieuqiy/', 'Read up on cold storage for BTC.', '134bdre'], ['u/kimsabok', 19, '2023-05-01 13:23', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jif2skx/', 'we should be facepalming at the uncle.\n\nyou wouldnt hand gold bars to an uncontacted indegenious tribe who knows nothing about gold bars. well, hes basically done the same with the bitcoin.', '134bdre'], ['u/Amichateur', 10, '2023-05-01 13:32', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jif3mlg/', '16 year old boy does not pay rent, sweety.', '134bdre'], ['u/kimsabok', 11, '2023-05-01 14:04', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jif6q54/', 'all of the uncontacted ones.', '134bdre'], ['u/stone_01', 12, '2023-05-01 16:39', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jifpgwq/', 'If I started DCA into BTC at 5 years old I’d be so fucking rich. What was the price in 1986?', '134bdre'], ['u/disruptioncoin', 11, '2023-05-01 19:56', 'https://www.reddit.com/r/Bitcoin/comments/134bdre/my_uncle_gave_me_some_bitcoin_for_my_16th_birthday/jigj25u/', "I sold 20k worth to help my mom catch up on her bills and prevent her from being evicted. Also went back to college and finished my bachelors. Then took a while to find a job. I wish I had saved it all, but what can you do? Life happens and things cost money. Everyone likes to think they would have had diamond hands if they had bought in back then, but that's probably not true.", '134bdre']]], ['u/AutoModerator', '[Daily Discussion] - Monday, May 01, 2023', 33, '2023-05-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/', '134c116', [['u/biggunsg0b00m', 25, '2023-05-01 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jie9ujv/', "Actually there were tons of bearish posts that were upcountry in the past few weeks. People probably just don't like you 🤷\u200d♂️", '134c116'], ['u/biggunsg0b00m', 20, '2023-05-01 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieaicr/', "By all appearances, you do care about it because you're having a whinge about it.", '134c116'], ['u/ChadRun04', 12, '2023-05-01 07:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieejgi/', "> watch it become even more profitable for me while overly confident\n\nThat escalated quickly.\n\nI'm confused. Who is overly confident again meow?", '134c116'], ['u/delgrey', 22, '2023-05-01 09:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jienivz/', "JPM will consume the dead corpse of FRC Bank (the big bank gets bigger). This is the second largest bank failure in US history. And it probably isn't over yet.", '134c116'], ['u/PatientlyWaitingfy', 12, '2023-05-01 10:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieoomv/', 'Whales having a field day in this range', '134c116'], ['u/Jip1210', 11, '2023-05-01 10:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jieptdb/', "Perhaps it's not what you said but the way you said it. Lots of bears here that get a good amount of respect. \n\nAlso, you mock people for saying things are impossible. However, in your OP, you clearly state >30k is impossible.", '134c116'], ['u/52576078', 10, '2023-05-01 12:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jiey1qg/', 'If you wrote your comments like an adult instead of an angry teenager then you might get a better response. That said, there is definitely a bullish bias here.', '134c116'], ['u/Possible-Pen-6935', 10, '2023-05-01 15:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jiff1at/', "Nothing new, It's like Walmart consuming all the mom and pop stores until you can only shop at Walmart with their monopoly pricing. In the banking world though it's easier to implement CBDC.", '134c116'], ['u/delgrey', 13, '2023-05-01 15:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifg2mr/', "Crony Capitalism at its finest. Here's the deal JPM got out of the US government.\n\n1. Bypassed laws against acquiring bank while controlling 10%+ of US deposits\n2. Shared $13 billion in losses with the FDIC\n3. Received a cheap $50 billion loan from the FDIC\n4. Effectively bought back its own deposits\n5. Expects to profit $5 billion+ over the next 5 years\n6. Added $18 billion in market cap this morning", '134c116'], ['u/dopeboyrico', 18, '2023-05-01 16:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifklh5/', 'BTC price YTD through end of May by year:\n\n2022: -31.4%\n\n2021: +28.8%\n\n2020: +31.5%\n\n2019: +128.9%\n\n2018: -46.9%\n\n2017: +137.3%\n\n2016: +23.4%\n\n2015: -28.2%\n\n2014: -17.4%\n\n2013: +852.0%\n\nClosing May at or above $39.3k would put BTC back on track for its best YTD start since 2013. BTC closed April up 76.9% YTD so far.\n\nIn the past May has been a month with a lot of price action though it’s been mixed either to the upside or downside. [Here’s YTD performance through end of April each year for comparison.](https://www.reddit.com/r/BitcoinMarkets/comments/12sl91w/daily_discussion_thursday_april_20_2023/jh1ckr8/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3)\n\nWill this year be sell in May and go away or buy in May and go away? We’ll see.', '134c116'], ['u/Znt', 12, '2023-05-01 17:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifvjzl/', 'Looking at BB widths, possibly 2 more weeks of sideways - until May 14th.\n\nThen we may see the another leg up to 38 - 42 levels.', '134c116'], ['u/delgrey', 15, '2023-05-01 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifvvin/', 'More banks in trouble. $MCB, $PACW. Things getting real interesting.', '134c116'], ['u/BatteredLittleFish', 10, '2023-05-01 17:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jifxd9b/', 'BearTrap.exe', '134c116'], ['u/VictorCobra', 13, '2023-05-01 18:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jig1npm/', "Despite the fact that many believe the lows are set and Bitcoin will continue on to make new highs, I think it's important to look at the [big picture](https://www.tradingview.com/chart/BLX/fWNqTlMW-BLX-Still-Shows-A-Broken-Trend-And-Slower-Growth-For-Bitcoin/). As liquidity tightens and access to Bitcoin becomes more difficult in the US, what could spur an acceleration to the upside? And yes, the US market does clearly matter. Otherwise Bitcoin wouldn't only experience meaningful volume during US trading hours. We see this with US holidays as well.\n\n\\-Victor Cobra", '134c116'], ['u/dopeboyrico', 12, '2023-05-01 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jig38w8/', '>what could spur an acceleration to the upside?\n\nFed hiking rates another 25 BP on Wednesday resulting in additional bank failures and subsequent money printing to bailout depositors. First Republic Bank managed to get bought out by JPMorgan Chase which avoided a need for depositor bailouts this time around but will that be the case if additional banks fail?\n\nAlso, further money printing on the side of Congress as they inevitably raise the debt ceiling last minute.', '134c116'], ['u/[deleted]', 11, '2023-05-01 18:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jig7bku/', '>!Stay Puft Marshmallow Man explodes, raining down marshmallow cream on NYC.!<', '134c116'], ['u/anon-187101', 13, '2023-05-01 19:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigb6ny/', 'All I see in the "big picture" is long-term exponential price growth, and some colorful lines that you decided to overlay on the chart.\n\nHow do you know when BTC is down 5%+?\n\nYou don\'t have to know, \'- Victor Cobra\' will tell you.\n\n---\n\n1st of the month, DCA day for me. On-sale sats will be swept.', '134c116'], ['u/AccidentalArbitrage', 14, '2023-05-01 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigrllg/', '>Not sure what all the long in here are seeing\n\nTrading 101:\n\nBuy during weakness.\n\nSell during strength.', '134c116'], ['u/AccidentalArbitrage', 11, '2023-05-01 20:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigrvk9/', ">Access through Fidelity is extremely limited; most employers don’t actually offer the fund, and even when it is offered, there is a contribution cap.\n\nAFAIK anyone can buy BTC through Fidelity with no caps, no matter who your employer is or if you don't even have one. I think you're confusing 401(k)s.", '134c116'], ['u/Order_Book_Facts', 14, '2023-05-01 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigvbyh/', 'There is this long held belief within the bitcoin community that high inflation of USD will drive people into bitcoin. But I postulate the opposite might actually be true - inflating dollar causes common man to be squeezed, no longer has extra funds to purchase bitcoin with, may be forced to liquidate bitcoin holdings to keep up with USD bills and mortgage. We’ve never really seen bitcoin’s performance in a global recession type scenario that may be playing out.', '134c116'], ['u/shadowofashadow', 11, '2023-05-01 21:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigwl9i/', "I think you're right if you focus on the individual investor. I also don't think it can become a hedge against inflation until people start thinking about it more long term. It needs to be seen as a currency more than a security.\n\nBut institutional investors blow both of our ideas out of the water. They have far more money and if they see it as a hedge then it becomes one when a critical mass is achieved.", '134c116'], ['u/jgun83', 11, '2023-05-01 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jigwv6v/', 'At the margins this may be correct, but the illiquid supply (on-chain astrology) continues to march higher, so if whales can absorb the 50,000 sat cash outs from the poors, everything will be alright.', '134c116'], ['u/delgrey', 10, '2023-05-01 22:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihatbs/', "$MSTR earnings came out. They beat certain estimates but there's some interesting language in the report about their debt obligations and potential plans to dump shares and bitcoin to cover a shortfall.", '134c116'], ['u/BootyPoppinPanda', 25, '2023-05-01 23:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihdmc9/', "Top-of-the-range longers probably sweating bullets again. 10x leverage is getting close to liquidation if not closed out yet.\n\nAs soon as we ran up to this level, I figured it'd be some of the toughest resistance of the crab market part of the cycle we are in. This was the bottom of much of the bull market retraces, so I suspect it has turned to hard resistance for a while.\n\n* Sub 18k was back up the truck, wham bam thank you Sam levels\n* 18-25k was Goblin Town\n* 25-35k is boring crab (may take several months)\n* 35-50k is gourmet pre-halvening crab\n* 50k+ is gentlemen", '134c116'], ['u/Shootinsomebball', 11, '2023-05-01 23:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihgpfk/', 'The voices calling for the demise of the dollar seem to be getting louder in here and from a logical perspective it’s hard to disagree. \n\nHowever, DXY is still over 100 & trading at multi-year highs. I don’t follow the tradfi markets that closely. Those of you who do….are the tradfi guys acknowledging the fragility of the US currency or are we in a bit of an echo chamber here?', '134c116'], ['u/SausageWizard', 19, '2023-05-01 23:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/134c116/daily_discussion_monday_may_01_2023/jihi0qw/', "This sub is another echo chamber. People have been predicting the demise of the dollar for decades.\n\nThe latest BRICs and China spam is not the first time this has been attempted. No one trusts China to lead anything. Russia already found this out after dealing with the yuan. I swear this story gets posted every few years and people pretend like it's something new. Could the dollar gradually weaken and go away? Possibly, but that will be years from now.\n\nAt the end of the day, the USD and EUR are still the least dirtiest shirts in the laundry basket, so everyone will keep wearing it.", '134c116']]], ['u/Mean_Bandicoot_7481', 'Moons available', 10, '2023-05-01 07:10', 'https://www.reddit.com/r/CryptoCurrencyMoons/comments/134da7z/moons_available/', 'For the life of me I can’t figure out how to sell moons through either MEXC or sushi. Too many steps and I’ve tried too many times. Found someone with more karma than me so traded him for BTC, sent first and everything went well. If anyone is wanting to trade I have 485 moons left to trade (keeping my bricks) will accept BTC, LTC, Matic, Shib, Doge, Cardano, Cosmos ,DOT, LINK, Uniswap, basically anything that I have knowledge of. Thank you', 'https://www.reddit.com/r/CryptoCurrencyMoons/comments/134da7z/moons_available/', '134da7z', [['u/DAMG808', 13, '2023-05-01 10:52', 'https://www.reddit.com/r/CryptoCurrencyMoons/comments/134da7z/moons_available/jierft4/', 'Where is the big deal. Go on sushiswap via arbitrum nova and swap moons for eth. Done. Why do people make this so complicated when it’s not.', '134da7z']]], ['u/Lui_217', 'Does purchasing tickets for the btcc race allow you to watch the whole days worth of racing?', 11, '2023-05-01 07:14', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/', 'For example at oulton park in June on the same day as the btcc race there is also f4, Porsche cup etc. Does buying one ticket for the btcc race give me access to watch every race? [link to oulton park tickets page](https://www.oultonpark.co.uk/2023/june/kwik-fit-british-touring-car-championship)', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/', '134dd5z', [['u/oliverrrrrrrrrrrrrrw', 50, '2023-05-01 09:42', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/jiemtol/', 'No, just before a support race starts a marshal comes around and blindfolds everyone', '134dd5z'], ['u/alexsbrett', 17, '2023-05-01 09:50', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/jienbgp/', 'I got a bag put over my head at Brands Hatch.', '134dd5z'], ['u/Edlar_89', 12, '2023-05-01 11:40', 'https://www.reddit.com/r/btcc/comments/134dd5z/does_purchasing_tickets_for_the_btcc_race_allow/jieupjm/', 'At Donington I was asked to turn around and look at a wall', '134dd5z']]], ['u/rBitcoinMod', 'Daily Discussion, May 01, 2023', 48, '2023-05-01 08:05', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/133hcji/daily_discussion_april_30_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/', '134e8go', [['u/Relai_Alex', 15, '2023-05-01 09:35', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jiemcsk/', 'I have done quite extensive research and the highest returns are in MtGox. \nCelsius and BlockFi slightly lower, but both have a nicer UI, and much faster customer service. \n\nTalking safe, all three are at the same level, IMHO. I would still diversify between these three, though. /s\n\nNot your keys, not your bitcoin.', '134e8go'], ['u/escodelrio', 14, '2023-05-01 16:10', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jiflj3y/', "Historical Bitcoin prices for today, May 1st:\r \n\r \n2023 - $28,553\r \n2022 - $37,924\r \n2021 - $57,836\r \n2020 - $8,772\r \n2019 - $5,424\r \n2018 - $9,068\r \n2017 - $1,402\r \n2016 - $453\r \n2015 - $232\r \n2014 - $456\r \n2013 - $116\r \n2012 - $5\r \n2011 - $3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/01/2023 is $9,010.21.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1652991729094500355).", '134e8go'], ['u/Dizzy_Space_Invader', 12, '2023-05-01 21:06', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jigtpqu/', 'I think he’s right. This part is over. Next part of the crisis comes next.', '134e8go'], ['u/npore2', 14, '2023-05-01 21:22', 'https://www.reddit.com/r/Bitcoin/comments/134e8go/daily_discussion_may_01_2023/jigw16h/', 'Bitcoin CEO says they will acquire JPM experts say', '134e8go']]], ['u/Crypto-hercules', 'I started purchasing btc a few years ago with the idea that I could sell in the future for more irredeemable government money. But after a long year of research and finally reading the Bitcoin standard I’m staying for something else and have no plan on selling ever!!', 263, '2023-05-01 10:16', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/', 'The hardest money on earth.!!', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/', '134gg1e', [['u/Crypto-hercules', 13, '2023-05-01 10:42', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jieqs74/', 'Will pass it down to my daughter…', '134gg1e'], ['u/KAX1107', 63, '2023-05-01 11:07', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jiesh1i/', 'You take profits when you buy bitcoin, not when you sell', '134gg1e'], ['u/Kasegigashira', 21, '2023-05-01 12:35', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jieypsv/', 'Had to lol but actually a good mindset. Accumulate government money only to buy (lock in profit) really valuable stuff like Bitcoin, land plots, shares of good companies etc.', '134gg1e'], ['u/KAX1107', 19, '2023-05-01 12:51', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jiezygd/', ">land plots, shares of good companies\n\nLand, sure but there are a lot of variables depending on where you live, it's similarly political as gold. You don't truly own it. Everything else is less scarce, nothing else is absolutely finite. Over a long enough time horizon, bitcoin demonetizes everything.\n\n[Get. Off. Zero.](https://threadreaderapp.com/thread/1615389267437490177.html)", '134gg1e'], ['u/blue419', 15, '2023-05-01 14:51', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jifbqe4/', "Im never converting all my btc to currency, I'll only exchange some of it for goods and services.", '134gg1e'], ['u/ElderBlade', 10, '2023-05-01 15:27', 'https://www.reddit.com/r/Bitcoin/comments/134gg1e/i_started_purchasing_btc_a_few_years_ago_with_the/jifg0in/', "Great. Now run your own node and contribute to the network's security.", '134gg1e']]], ['u/Faulty_W1res', 'Overall MCC 30 Predictions Rankings', 38, '2023-05-01 11:42', 'https://www.reddit.com/r/MinecraftChampionship/comments/134hvca/overall_mcc_30_predictions_rankings/', 'Here are the full rankings out of 151, including tiebreaks. Bold means part of the Youtube contest.\n\n1. rKkauan:\t1\n2. KlutchGaming13:\t1.2\n3. bluejacket21\\_:\t1.2\n4. bbsmydiamonds:\t1.2\n5. KlayRozan11:\t1.2\n6. Ozone\\_Omega:\t1.2\n7. Speedsning:\t1.2\n8. TheLordOfSquids:\t1.2\n9. Wiigi7:\t1.4\n10. Emotion-Nexus:\t1.4\n11. GlanderBW:\t1.4\n12. AdAltruistic2502:\t1.4\n13. Breezily\\_\\_:\t1.4\n14. FireThatInk:\t1.4\n15. 1616161660:\t1.4\n16. Felmor333:\t1.4\n17. itsSpryte:\t1.4\n18. SandwichLord:\t1.4\n19. mcc-clips:\t1.6\n20. BaconIsLife707:\t1.6\n21. Eydasdendave:\t1.6\n22. ralsei\\_support\\_squad:\t1.6\n23. Plenty-Commission517:\t1.6\n24. \\_55Mack55\\_:\t1.6\n25. Rohan2202:\t1.6\n26. Paul\\_BWP:\t1.6\n27. No-Cod-776:\t1.6\n28. This\\_is\\_DanielPlayz:\t1.6\n29. Disastrous-Stick-303:\t1.6\n30. ADragonMC\\_2:\t1.8\n31. spunchl1ne:\t1.8\n32. FuzzBrain18:\t1.8\n33. FrostyWafflez\\_:\t1.8\n34. Flare3z:\t1.8\n35. CyberWeb2143:\t1.8\n36. RepresentativeWar533:\t1.8\n37. Independent\\_Dog8837:\t1.8\n38. Criggan:\t1.8\n39. velvetashes0:\t1.8\n40. Tijger8000:\t1.8\n41. FireBreathMan:\t1.8\n42. Bilboss789: 1.8\n43. IDontKnowWhat78:\t1.8\n44. Asvinder34:\t1.8\n45. Matt\\_is\\_Mat:\t1.8\n46. \\_sdk141042\\_:\t1.8\n47. violetlord:\t1.8\n48. Mellebenik:\t1.8\n49. Pizzaistrash:\t1.8\n50. Zapdos\\_777:\t2\n51. Lacroix\\_Mxcky:\t2\n52. Lordlolipops:\t2\n53. Wolfeei:\t2\n54. BeastPlays:\t2\n55. MuddyPuddle027:\t2\n56. Antfrost:\t2\n57. masontyler908:\t2\n58. Addition23:\t2\n59. Jetsol8:\t2\n60. Cautious\\_Advisor\\_:\t2\n61. woongluv:\t2\n62. tobtheknobredditp:\t2\n63. AJX: 2\n64. FunkyJMan:\t2\n65. FantasyAllWay:\t2\n66. TheHanburglarr:\t2\n67. Awesome512345:\t2.2\n68. rogersdbt:\t2.2\n69. Cyburic:\t2.2\n70. AntMan761:\t2.2\n71. Particular-Poetry919:\t2.2\n72. green\\_asteroid:\t2.2\n73. 21\\_chickens:\t2.2\n74. bunnybri\\_:\t2.2\n75. Randomnoob451:\t2.2\n76. LaggdLoL:\t2.2\n77. starrymed:\t2.2\n78. remi\\_daDOOD:\t2.2\n79. VallowsIsEpic:\t2.2\n80. VivaLaVeritas:\t2.2\n81. yupright:\t2.2\n82. FreakOutProd:\t2.2\n83. MrMundane4:\t2.2\n84. hpmoo100:\t2.2\n85. Harold2208:\t2.2\n86. \\-JCeeG-:\t2.2\n87. ThomerTD:\t2.2\n88. JonahKelly:\t2.2\n89. FamilySpy:\t2.2\n90. Born-Lemon3413:\t2.2\n91. Levisucks1337:\t2.4\n92. FocusLoud8015:\t2.4\n93. SecretlyBenn:\t2.4\n94. InevitableConcern886:\t2.4\n95. Cryptic\\_AR:\t2.4\n96. FellowCloud17:\t2.4\n97. Zerohero2022:\t2.4\n98. Ripcord:\t2.4\n99. darorock:\t2.4\n100. PipoMurio:\t2.4\n101. pickled\\_\\_pufferfish:\t2.4\n102. CookieTaxer:\t2.4\n103. ArandomFan168:\t2.4\n104. Ok-Wait1778:\t2.4\n105. lazy\\_ma:\t2.4\n106. Bet\\_Vapula:\t2.4\n107. King\\_of\\_Derps03:\t2.4\n108. GarfieldGarlic:\t2.6\n109. jds523:\t2.6\n110. AJettyFan:\t2.6\n111. Xeroxious\\_:\t2.6\n112. halls\\_cd:\t2.6\n113. D3rpb01:\t2.6\n114. Foristeer:\t2.6\n115. MariiBrynn:\t2.6\n116. aquaticbee1:\t2.6\n117. lets\\_be76:\t2.6\n118. anacc0unt0:\t2.6\n119. SnooPineapples1745:\t2.6\n120. SneakyChilli44:\t2.6\n121. Seapeekay:\t2.6\n122. NotARobot404:\t2.8\n123. quantuu:\t2.8\n124. WronglyAcused:\t2.8\n125. kzxsji:\t2.8\n126. Faulty\\_W1res:\t2.8\n127. Fireryy:\t2.8\n128. btc7765:\t2.8\n129. Loromc:\t2.8\n130. xharrisonyellow:\t2.8\n131. Nebular:\t2.8\n132. FattyIsACatty:\t3\n133. whynewaccount6:\t3\n134. MelodicCatGirl:\t3\n135. EmilyBeNormal:\t3\n136. YendoDV:\t3\n137. BackgroundTotal2872:\t3.2\n138. Comprehensive-Ad4238:\t3.2\n139. Greensonic2006:\t3.2\n140. Remarkable\\_Door5231:\t3.2\n141. Linxstroy:\t3.2\n142. kaiob921:\t3.2\n143. Elsquidwardo85:\t3.2\n144. bluewaterwizard:\t3.2\n145. Captainwoge:\t3.2\n146. That\\_Pretty\\_One:\t3.4\n147. PizzaDoritoLady:\t3.4\n148. Ok\\_Championship\\_2688:\t3.4\n149. FailureDisguise:\t3.6\n150. Bl00B4ll5:\t3.8\n151. Postie1216:\t3.8', 'https://www.reddit.com/r/MinecraftChampionship/comments/134hvca/overall_mcc_30_predictions_rankings/', '134hvca', [['u/D3rpb01', 16, '2023-05-01 11:49', 'https://www.reddit.com/r/MinecraftChampionship/comments/134hvca/overall_mcc_30_predictions_rankings/jievcul/', 'a score of 1 is crazy', '134hvca']]], ['u/Bonne-Influence-20', 'Send Money to ALL Bank Accounts in Nigeria Without Fees Using Bigeria PAY Powered by #Nano $XNO in Seconds or with #Btc , $Eth & $Usdt', 133, '2023-05-01 13:25', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/', 'Bigeria PAY has made it incredibly easier for Nigerians to receive Global payments directly into your Bank account 🥳\n\nInstant, free and secure remittance around the globe- thanks to Nanocurrency.', 'https://twitter.com/bigeriaexchange/status/1652699335245570054?s=46&t=OWZpynojV6tgwLC-9AZmAw', '134jt2g', [['u/Qwahzi', 21, '2023-05-01 14:19', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/jif8a7m/', 'Is this legit? Has anyone tested it?', '134jt2g'], ['u/Bonne-Influence-20', 18, '2023-05-01 14:29', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/jif9cel/', 'It seems that way and was retweeted by Mira Hurley. This could be a huge step for nano to reach mass adoption if it ever catches fire.', '134jt2g'], ['u/Bottom_Line_Truths', 10, '2023-05-01 14:29', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/jif9cne/', 'Funnily if they were verified by Twitter I’d trust them slightly more knowing that at least Twitter knows their identity and bank information.', '134jt2g'], ['u/Xylon818', 12, '2023-05-01 14:51', 'https://www.reddit.com/r/nanocurrency/comments/134jt2g/send_money_to_all_bank_accounts_in_nigeria/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["TheSolanaNFT space got a shot in the arm with the late Aprillaunch of Mad Lads, a buzzyprofile picture(PFP) collection that led the market-wide charts. But something else happened amid the trading surge: upstart marketplace Tensor topped the dominant Magic Eden.\nTensor launched in 2022, but saw increasing activity afterintroducing trading rewardsin March. Last week, it clinched majority market share by trading volume on Solana. Data collected byTiexoshows a slight lead by Tensor over the last seven days, with Tensor commanding 45% of SolanaNFTmarket share and Magic Eden under 44%.\nMad Lads helped push Tensor over the top, as traders apparently flocked to take advantage of its specific promotion around the NFT project rather than Magic Eden’s offering. But can Tensor maintain that momentum after waking Solana’s sleeping giant?\nTensor began picking up considerable market share in March as itlaunched “loyalty” rewardsfor traders, echoing the move byEthereummarketplace Blur thathelped catapult it over OpenSeain February. The startup, which raised $3 million in March in a round led by VC firm Placeholder, similarly bills itself as a platform for “pro” traders with what it says is a faster, richer interface.\nThe Blur comparisons are intentional. Tensor looks and feels much like Blur, albeit for Solana, with a similar-sounding rewards initiative. The startup hasn’t specifically said that it will launch a token, but given that Blurgave out hundreds of millions of dollarsworth of tokens in February andsaid that it will continue doing so, it’s no surprise that traders are intrigued.\nMad Lads Gave Solana NFTs a ‘New Heartbeat’ After Losing DeGods: Coral CEO\nTensor’s market share steadily grew over the last couple of months, co-founder and CTO Richard Wu toldDecrypt, but the upstart only leapfrogged above Magic Eden last week after the Mad Lads frenzy took hold.\nMagic Eden also offered special promotions around Mad Lads NFTs. Magic Eden offered zero marketplace fees and also said it wouldgive out 2,000 SOL(currently about $43,700) to airdrop to Mad Lads traders over the first 30 days after launch. It later said that itredistributed over 5,000 SOL($109,400 as of today) worth of Mad Lads trading fees back to users.\nTensor, on the other hand, said that it would divert all of its marketplace fees on Mad Lads trades for the first 90 days tobuying up “floor”(or the lowest-price) NFTs from the project, and then give them away via a raffle to traders. Today,Tensor tweetedthat it has used 4,280 SOL ($93,650) worth of fees to buy up 58 Mad Lads NFTs to give them away to top traders.\nWhether it was the promotion or an interface targeted at heavy traders, or perhaps the pairing of both, Tensor ultimately came out ahead as Mad Lads ruled the Solana market.\n“If you show people that you're truly about giving back to the community, and trying to make your product the best for Mad Lads or for the next NFT project,” Wu said, “then people will come and trade on your platform, and people will align with a Tensor versus a Magic Eden.”\nThere’s an “us versus them” dynamic in Wu’s comments that’s already been resonating across the Solana NFT community on Twitter for days. Tensor’s sudden rise to the top of Solana has inflamed past divisions that emerged over Magic Eden’sapproach to the open-source Web3 ethos, as well as itsmoves around optional creator royaltieslast year.\nOn Friday, Magic Eden apparently discovered that Tensor was utilizing its content delivery network (CDN) to populate NFT images on the Tensor marketplace.\nMagic Eden replaced the artwork on Tensor with images showing the Magic Eden mascot and logo, and tweeted, “Hey [Tensor], wen image CDN? We replaced some images on your marketplace. Just a harmless prank hehe. Let's build.”\nMagic Eden deleted the tweet by Saturday following community backlash. Over the past several days, the vitriol has been flung back and forth on Crypto Twitter between the two camps and their supporters, and Tensor’s co-founders have themselves criticized Magic Eden and retweeted other critical tweets about the giant in the Solana space.\n“They were in the dominant seat for so long that they felt they didn't need to do anything,” Tensor CEO and co-founder Ilja Moisejevs alleged in an interview withDecrypt. He believes that Tensor’s product is better than those of previous challengers, but also suggested that Magic Eden lost support in the Solana spaceas it rapidly expandedto Ethereum,Polygon, andBitcoin.\nMagic Eden Bitcoin NFT Launchpad Debuts as Ordinals Total Nears 1 Million\n“I think the community is also a bit upset with the way they've behaved in the last six months, because Solana has clearly gone through really turbulent times,” Moisejevs said.\nHe suggested that some Solana projects “doubled down” on the space amid the falling price of SOL andfears over the future of the communitylate last year, and believes Magic Eden did “almost the opposite” in pushing NFTs on other chains.\n“They sort of took their foot off the gas whenSolana was at its lowest pointafter FTX [collapsed], and that just rubbed a lot of people the wrong way,” Wu added. “If you're so bullish about building up Solana, why would you leave and build elsewhere at a time when Solana needed people to step up?”\nMagic Eden responded to the social media pushback today, as marketing head Tiffany Huang toldThe Blockthat the startup is “excited to refocus back on Solana, which is our home,” and it “intends to show the Solana community that we have still got their backs.”\nHuang clarified toDecryptthat Magic Eden’s renewed focus on Solana will come via product features and partnerships, including “innovating” on itsDiamonds rewards featurethat launched in late March as Tensor was on the rise. It will also include “programs that support creators and collectors,” she added.\nShe also pushed back against criticism by Tensor’s co-founders about Magic Eden’s current closed-source marketplace model, which requires it to co-sign transactions. That throws a wrench into how marketplace aggregators incorporate Magic Eden listings, andraises other concerns about security and composability. But Huang suggested that it’s essential—for now.\n“The Tensor team knows and understands co-sign is not just an anti-aggregator tool—it's actually a critical part of some of [our] other core marketplace features,” she said, pointing to a tweetwhere Wu acknowledges as much. “The goal here is to become more open, but we just need to sequence these events so they don't disrupt our marketplace product.”\nAs theMad Lads launch hype cools, the remaining question is whether Tensor can stay on top in the Solana space. Just before publication,Magic Eden had a slight lead in rolling 24-hour trading volume per data fromTiexo—but Tensor led that chart as recently as late afternoon today.\n‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs\nDespite the shade, pranks, and gripes traded between the camps—not to mention the market maneuvers over the last week—both startups suggest a more cooperative tone going forward. They both want what’s best for Solana and its community, they tellDecrypt, and wish to grow the market for everyone involved, including each other.\n“We should all be seeking to build the pie with excellent user experiences and ingenuity to grow the space,” Huang toldDecrypt, rejecting the notion that Magic Eden should fend off upstarts. “I think we're two reasonable companies, at the end of the day, trying to grow Solana.”\n“We want to see Magic Eden do well,” Tensor’s Moisejevs said. “That's because we think that if Magic Eden does well, then Solana can do very well. At Tensor, we would rather have a smaller piece of a 10x larger pie than have a larger piece of… ultimately, a pie nobody cares about.”", '(Bloomberg) -- CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub. Most Read from Bloomberg Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff Texas Mass Shooting’s Bloody Images Add to Fervor in Gun Debate Goldman to Pay $215 Million to End Case on Underpaying Women Why Airfares, Hotels and Cars Are Getting So Expensive for Americans Mitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt Impasse The US “is shooting themselves in the foot” and giving other regions a chance to woo innovative businesses, CMCC’s co-founder Charlie Morris said in a Bloomberg Television interview aired Tuesday. “We see places like Hong Kong having a real opportunity at this point in time to bring those firms and entrepreneurs to the city,” Morris added. Hong Kong plans to let retail investors trade major tokens like Bitcoin and Ether in a new licensing regime for virtual-asset service providers due June 1. In contrast, the US has turned up the regulatory heat on crypto in the wake of last year’s digital-asset rout and the collapse of the FTX exchange. Fund Launch CMCC is launching a $100 million fund to invest in startups focused on blockchain projects. The targets are companies in the Series A and B stages both in its home base of Hong Kong as well as further afield. “There is a lot of innovation coming from Asia,” co-founder Martin Baumann said. “There’s plenty of capital sitting on the sidelines waiting for the right entry valuations to pull the trigger.” Baumann and Morris hold a majority stake in CMCC, while Hong Kong tycoon Richard Li and Gemini Trust Co. founders Cameron and Tyler Winklevoss are investors in its holding entity. Venture capitalists globally have continued to pull back from crypto this year following 2022’s price crash, a string of bankruptcies and the scandal that enveloped FTX, whose co-founder Sam Bankman-Fried is awaiting trial. Story continues Private funding for crypto startups in the first quarter of this year plunged to its lowest level since 2020, according to data from researcher PitchBook. Last month, Switzerland’s Syz Group said it’s joining with CMCC Global to start a minimum $50 million fund to invest in crypto-focused hedge funds. Most Read from Bloomberg Businessweek Why Launch Rockets When You Can Just Fling Them Into Space? Even $500 Million a Year From Google Isn’t Enough to Save Firefox Biden Administration Tamps Down Talk of US-China Decoupling Airbus Bets on a Stretched A220 Jet to Beat Boeing’s 737 Data Science Is the Hot New Master’s at B-Schools ©2023 Bloomberg L.P.', '(Bloomberg) -- CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub. Most Read from Bloomberg Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff Texas Mass Shooting’s Bloody Images Add to Fervor in Gun Debate Goldman to Pay $215 Million to End Case on Underpaying Women Why Airfares, Hotels and Cars Are Getting So Expensive for Americans Mitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt Impasse The US “is shooting themselves in the foot” and giving other regions a chance to woo innovative businesses, CMCC’s co-founder Charlie Morris said in a Bloomberg Television interview aired Tuesday. “We see places like Hong Kong having a real opportunity at this point in time to bring those firms and entrepreneurs to the city,” Morris added. Hong Kong plans to let retail investors trade major tokens like Bitcoin and Ether in a new licensing regime for virtual-asset service providers due June 1. In contrast, the US has turned up the regulatory heat on crypto in the wake of last year’s digital-asset rout and the collapse of the FTX exchange. Fund Launch CMCC is launching a $100 million fund to invest in startups focused on blockchain projects. The targets are companies in the Series A and B stages both in its home base of Hong Kong as well as further afield. “There is a lot of innovation coming from Asia,” co-founder Martin Baumann said. “There’s plenty of capital sitting on the sidelines waiting for the right entry valuations to pull the trigger.” Baumann and Morris hold a majority stake in CMCC, while Hong Kong tycoon Richard Li and Gemini Trust Co. founders Cameron and Tyler Winklevoss are investors in its holding entity. Venture capitalists globally have continued to pull back from crypto this year following 2022’s price crash, a string of bankruptcies and the scandal that enveloped FTX, whose co-founder Sam Bankman-Fried is awaiting trial. Story continues Private funding for crypto startups in the first quarter of this year plunged to its lowest level since 2020, according to data from researcher PitchBook. Last month, Switzerland’s Syz Group said it’s joining with CMCC Global to start a minimum $50 million fund to invest in crypto-focused hedge funds. Most Read from Bloomberg Businessweek Why Launch Rockets When You Can Just Fling Them Into Space? Even $500 Million a Year From Google Isn’t Enough to Save Firefox Biden Administration Tamps Down Talk of US-China Decoupling Airbus Bets on a Stretched A220 Jet to Beat Boeing’s 737 Data Science Is the Hot New Master’s at B-Schools ©2023 Bloomberg L.P.', 'TheBiden executive order of March 2022 gave a clear signal that increased scrutiny and regulation were on their way. However, the order offered no clarity regarding which federal regulator would be tasked with the job. The crypto industry should not be in the crosshairs of a turf war between government agencies.\nThe market requires a principles-based regulatory approach to crypto assets and should not be facing a “shoot first, ask later” regulatory stance. Unfortunately, withCoinbase and Kraken both served with Wells notices recently, this seems to be the stance in the United States.\nWould the industry be governed by an enforcer — a judge, jury and executioner? Or perhaps an agency inclined toward clearly defined guardrails, developing principles and guidelines that encourage and nurture innovation in a relatively nascent and at times fragile industry?\nTwo U.S. regulatory agencies see crypto assets, be it in a centralized finance ordecentralized financecontext, as their exclusive territories: the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Not surprisingly, the SEC seems to regard most cryptocurrencies other than Bitcoin as “securities” while the CFTC has taken the opposing view.\nOne year after Biden’s executive order, there remains little clarity on the matter and no obvious strategy in place — a situation that is detrimental to all concerned. Regulatory battlelines have been drawn. Let’s consider the relative merits and legitimacy of each, and the idea that perhaps neither is the best way forward.\nThe crypto industry is still in development. There are signs that major players both in the CeFi and DeFi spaces are pivoting to jurisdictions such as Dubai and Hong Kong, which provide a clearer and more consistent principles-based regulatory approach than the U.S. style of regulations by enforcement.\nBack in 2018,then-SEC Chair Jay Clayton had this to say: “Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin. That type of currency is not a security.”\nBy 2021SEC Chair Gary Gensler had made a completely opposite statement“It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must work within our securities regime.”\nIt’s critical to provide clarity. Regulations should not change at the whim of whoever holds the chair at the SEC.\nThe current understanding is that the SEC defines securities to include “investment contracts.” The SEC’s conclusion that digital assets are securities is based on the application of the Howey Test, which comes from a 1946 Supreme Court case involving a dispute over citrus groves. TheHowey testcan be defined as an “investment contract” that exists where (i) there is the investment of money, (ii) in a common enterprise, (iii) with a reasonable expectation of profits to be derived (iv) from the efforts of others.\nIt’s interesting to note that the SEC is focused very much on the “nature” of the transaction, with zero consideration for the fundamentals of the asset class items being sold (whether citrus groves or financial assets). But let’s get this right. Is a ruling from 1946 involving orange groves truly instructive or appropriate\xa0when the future governance of global financial markets hangs in the balance?\nWe are of the view that rule-making and legislation are better tools to define our laws for our industry than enforcement action.\nEven the judiciary is skeptical of this enforcement route. The U.S. Federal BankruptcyJudge Michael Wiles in the recent Voyager bankruptcy case stated:“Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities subject to securities laws, or neither, or even on what criteria should be applied in making that decision. This uncertainty has persisted despite the fact that cryptocurrencies have been around for a number of years.”\nConsider the impact of full-bore regulatory oversight by the SEC. Firstly, cryptocurrency exchanges would have to register with the SEC and comply with all applicable rules and regulations. In the example of ETH, crypto financial services companies offering ETH would have to register as broker-dealers in each jurisdiction where they operate. Regional differences would add significant obstacles for many operators and exchanges.\nAlthough these changes could be implemented with time, they would radically alter the nature of crypto in terms of fast, frictionless transactions, the foundational advantages that have helped grow and popularize the DeFi market to date.\nAmbiguously drafted or interpreted rules and regulations would almost certainly stifle innovation, a key characteristic of the DeFi industry. Would new DeFi products and services be subjected to lengthy federal approval processes? How would this impact the position of the U.S. as a global financial leader, especially if the European Union develops a more nimble regulatory and compliance framework?\nThen there’s the inherently disparate and diverse nature of the DeFi industry. Many DeFi companies are idiosyncratic in nature, offering clients a menagerie of nuanced services and products. Does it really make sense to describe this diverse array of products and services simply as “securities”?\nOn the other side of the room, we have the CFTC, the federal regulatory authority for commodities and their respective derivatives instruments, including swaps, futures and options.\nAfter an initial jurisdictional statement in 2015,in 2016 the CFTC statedthat “bitcoin and other virtual currencies are encompassed in the definition [of commodity] and properly defined as commodities, and are subject as a commodity to the applicable provisions of the [Commodity Exchange] Act and [CFTC] Regulations.”\nFrom the perspective of the DeFi industry, the approach of the SEC has been in contrast to that of the CFTC. The SEC conducts itself as an enforcer, an agency more concerned with punitive measures, and less concerned with guidance and governance. So far the track record of the SEC is one of bringing enforcement cases against digital asset companies,without engaging with the industry or offering clear guidanceor regulatory rules of practice.\nLet’s now turn our attention to two ongoing legal cases that could reshape the future of cryptocurrencies and the DeFi industry.\nIn late 2020, the SECbrought a lawsuit against Ripple, a real-time payment system, currency exchange and remittance network. In the lawsuit, the SEC accused Ripple and two of its top executives of selling XRP tokens as unregistered securities. The case is currently still in court, but its eventual conclusion, which will depend on how the Howey test is interpreted, will almost certainly have tsunami-like consequences for the crypto industry, including the DeFi industry.\nAnother pivotal case involves a suit filed by the New York State Attorney General that accuses the KuCoin crypto exchange of violating securities laws, i.e that ETH, the LUNA token and the terraUSD (UST) stablecoin, are securities. The Kucoin case does not cite Howey but instead bases its interpretations on theMartin Act, a law passed in 1921.\nMore than 100 years later, in 2023, is it really prudent for federal regulators to apply legal arguments from the Al Capone era? Is it not time for a newer, updated approach?\nFor example, the U.S. could take a much bolder approach and take the lead from global regulators in Hong Kong, the British Virgin Islands and the Cayman Islands, which have all taken progressive steps to move away from shoehorning crypto under the laws that govern traditional finance and create separate regulatory bodies and laws for cryptocurrencies and digital assets.\nThe days of an unfettered, unregulated DeFi market are coming to an end. Chaos must now give way to a more evolved, more mature and far less murky digital financial arena. One that could spread its wings and attract traditional financial investment, as well as a new breed of younger investors, encouraged by market stability and better protections.\nThe message for today? It’s clear that territorial disputes over regulatory oversight are hurting us all. Let’s shape the future of crypto and DeFi together, to grow the industry, attract new investors and create a fast, frictionless financial system that works for all, melding together the advantages and benefits of both TradFi and DeFi.\nTell us what the rules are and we will comply. Give us an actual path to register and we will register. The current approach of enforcement is an unfair approach for good actors in the crypto market. In the meantime, we will continue to build our ecosystem and innovate.', 'The Biden executive orde r of March 2022 gave a clear signal that increased scrutiny and regulation were on their way. However, the order offered no clarity regarding which federal regulator would be tasked with the job. The crypto industry should not be in the crosshairs of a turf war between government agencies. The market requires a principles-based regulatory approach to crypto assets and should not be facing a “shoot first, ask later” regulatory stance. Unfortunately, with Coinbase and Kraken both served with Wells notices recently , this seems to be the stance in the United States. Would the industry be governed by an enforcer — a judge, jury and executioner? Or perhaps an agency inclined toward clearly defined guardrails, developing principles and guidelines that encourage and nurture innovation in a relatively nascent and at times fragile industry? Two U.S. regulatory agencies see crypto assets, be it in a centralized finance or decentralized finance context, as their exclusive territories: the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Not surprisingly, the SEC seems to regard most cryptocurrencies other than Bitcoin as “securities” while the CFTC has taken the opposing view. One year after Biden’s executive order, there remains little clarity on the matter and no obvious strategy in place — a situation that is detrimental to all concerned. Regulatory battlelines have been drawn. Let’s consider the relative merits and legitimacy of each, and the idea that perhaps neither is the best way forward. The crypto industry is still in development. There are signs that major players both in the CeFi and DeFi spaces are pivoting to jurisdictions such as Dubai and Hong Kong, which provide a clearer and more consistent principles-based regulatory approach than the U.S. style of regulations by enforcement. SEC and crypto as a security Back in 2018, then-SEC Chair Jay Clayton had this to say : “Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin. That type of currency is not a security.” Story continues By 2021 SEC Chair Gary Gensler had made a completely opposite statement “It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must work within our securities regime.” It’s critical to provide clarity. Regulations should not change at the whim of whoever holds the chair at the SEC. The current understanding is that the SEC defines securities to include “investment contracts.” The SEC’s conclusion that digital assets are securities is based on the application of the Howey Test, which comes from a 1946 Supreme Court case involving a dispute over citrus groves. The Howey test can be defined as an “investment contract” that exists where (i) there is the investment of money, (ii) in a common enterprise, (iii) with a reasonable expectation of profits to be derived (iv) from the efforts of others. It’s interesting to note that the SEC is focused very much on the “nature” of the transaction, with zero consideration for the fundamentals of the asset class items being sold (whether citrus groves or financial assets). But let’s get this right. Is a ruling from 1946 involving orange groves truly instructive or appropriate\xa0when the future governance of global financial markets hangs in the balance? We are of the view that rule-making and legislation are better tools to define our laws for our industry than enforcement action. Even the judiciary is skeptical of this enforcement route. The U.S. Federal Bankruptcy Judge Michael Wiles in the recent Voyager bankruptcy case stated : “ Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities subject to securities laws, or neither, or even on what criteria should be applied in making that decision. This uncertainty has persisted despite the fact that cryptocurrencies have been around for a number of years.” Arguments against crypto as a security Consider the impact of full-bore regulatory oversight by the SEC. Firstly, cryptocurrency exchanges would have to register with the SEC and comply with all applicable rules and regulations. In the example of ETH, crypto financial services companies offering ETH would have to register as broker-dealers in each jurisdiction where they operate. Regional differences would add significant obstacles for many operators and exchanges. Although these changes could be implemented with time, they would radically alter the nature of crypto in terms of fast, frictionless transactions, the foundational advantages that have helped grow and popularize the DeFi market to date. Ambiguously drafted or interpreted rules and regulations would almost certainly stifle innovation, a key characteristic of the DeFi industry. Would new DeFi products and services be subjected to lengthy federal approval processes? How would this impact the position of the U.S. as a global financial leader, especially if the European Union develops a more nimble regulatory and compliance framework? Then there’s the inherently disparate and diverse nature of the DeFi industry. Many DeFi companies are idiosyncratic in nature, offering clients a menagerie of nuanced services and products. Does it really make sense to describe this diverse array of products and services simply as “securities”? CFTC and crypto as a commodity On the other side of the room, we have the CFTC, the federal regulatory authority for commodities and their respective derivatives instruments, including swaps, futures and options. After an initial jurisdictional statement in 2015, in 2016 the CFTC stated that “bitcoin and other virtual currencies are encompassed in the definition [of commodity] and properly defined as commodities, and are subject as a commodity to the applicable provisions of the [Commodity Exchange] Act and [CFTC] Regulations.” From the perspective of the DeFi industry, the approach of the SEC has been in contrast to that of the CFTC. The SEC conducts itself as an enforcer, an agency more concerned with punitive measures, and less concerned with guidance and governance. So far the track record of the SEC is one of bringing enforcement cases against digital asset companies, without engaging with the industry or offering clear guidance or regulatory rules of practice. Let’s now turn our attention to two ongoing legal cases that could reshape the future of cryptocurrencies and the DeFi industry. SEC v. Ripple (XRP) and NYAG v. KuCoin In late 2020, the SEC brought a lawsuit against Ripple , a real-time payment system, currency exchange and remittance network. In the lawsuit, the SEC accused Ripple and two of its top executives of selling XRP tokens as unregistered securities. The case is currently still in court, but its eventual conclusion, which will depend on how the Howey test is interpreted, will almost certainly have tsunami-like consequences for the crypto industry, including the DeFi industry. Another pivotal case involves a suit filed by the New York State Attorney General that accuses the KuCoin crypto exchange of violating securities laws, i.e that ETH, the LUNA token and the terraUSD (UST) stablecoin, are securities. The Kucoin case does not cite Howey but instead bases its interpretations on the Martin Act , a law passed in 1921. More than 100 years later, in 2023, is it really prudent for federal regulators to apply legal arguments from the Al Capone era? Is it not time for a newer, updated approach? For example, the U.S. could take a much bolder approach and take the lead from global regulators in Hong Kong, the British Virgin Islands and the Cayman Islands, which have all taken progressive steps to move away from shoehorning crypto under the laws that govern traditional finance and create separate regulatory bodies and laws for cryptocurrencies and digital assets. Shaping the future of DeFi and TradFi The days of an unfettered, unregulated DeFi market are coming to an end. Chaos must now give way to a more evolved, more mature and far less murky digital financial arena. One that could spread its wings and attract traditional financial investment, as well as a new breed of younger investors, encouraged by market stability and better protections. The message for today? It’s clear that territorial disputes over regulatory oversight are hurting us all. Let’s shape the future of crypto and DeFi together, to grow the industry, attract new investors and create a fast, frictionless financial system that works for all, melding together the advantages and benefits of both TradFi and DeFi. Tell us what the rules are and we will comply. Give us an actual path to register and we will register. The current approach of enforcement is an unfair approach for good actors in the crypto market. In the meantime, we will continue to build our ecosystem and innovate.', 'Traders work on the floor at the New York Stock Exchange (NYSE) in New York Reuters US stocks fell on Monday after First Republic Bank collapsed on the first trading day of May. JPMorgan bought the bulk of the California lender\'s assets in a $10.6 billion deal. The third bank failure this year comes as the Fed is expected to raise interest rates for the 10th consecutive time. US stocks lost ground Monday after investors spent the first day of May trading gauging the implications of First Republic Bank\'s seizure , with the second-largest bank failure in US history arriving just before the Federal Reserve is expected to raise interest rates again. The S&P 500 Financial sector slipped, contributing to pulling down the S&P 500 index after two straight winning sessions that capped off an advance for April. JPMorgan shares , however, led the Dow Jones Industrial Average after the bank took over the bulk of First Republic\'s assets in a $10.6 billion deal. JPMorgan will pull in $92 billion in deposits from First Republic after numerous clients yanked $100 billion from the California lender in the first quarter. The moves followed the abrupt March collapses and seizures of Silicon Valley Bank and Signature Bank. First Republic Bank shares were halted during the session after tumbling sharply. Investors will want to hear what Fed Chair Jerome Powell will say about the newest bank failure when the US central bank delivers its May policy decision n on Wednesday. Markets were largely pricing in a 10th straight rate hike. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,167.87, down 0.04% Dow Jones Industrial Average : 34,051.70, down 0.14% (46.46 points) Nasdaq Composite : 12,212.60, down 0.11% Some may view last month\'s deposit infusion into First Republic by large rivals as a failure, but CFRA said it disagreed. " If FRC had not received $30 billion from large banks in mid-March, the bank would likely have failed sooner, resulting in more fear and more deposit withdrawals from other regional banks. This could have caused a series of bank failures that would have weakened the U.S. financial system," CFRA equity analyst Alexander Yokum said in a note. Story continues Here\'s what else is happening today: Here\'s what investors are looking for from the Fed\'s May meeting. Elon Musk says dead banks prove more rate hikes will cause a severe recession. Stocks look set to sell off as an overly hawkish Fed could hurt expectations for interest rate cuts, says Morgan Stanley\'s top strategist. Warren Buffett\'s right-hand man Charlie Munger warns of turmoil in the US commercial property market. Most investors expect Buffett\'s Berkshire Hathaway to outperform the S&P 500 over the next five years. A new "ex-China world order" will keep inflation higher, venture capitalist Chamath Palihapitiya says . More than half of investors expect shares of Warren Buffett\'s Berkshire Hathaway to outperform the S&P 500 Index over the next five years. From a credit crunch to a meltdown in the commercial real estate market, here\'s what top economists are predicting for the coming months . In commodities, bonds, and crypto: West Texas Intermediate crude dropped 1.3% to $75.78 per barrel. Brent crude, the international benchmark, fell 1.1% to $79.45. Gold lost 0.5% to $1,989.50 per ounce. The 10-year Treasury yield shot up 13 basis points to 3.56%. Bitcoin gave up 4.1% at $28,036.50. Read the original article on Business Insider', '• US stocks fell on Monday after First Republic Bank collapsed on the first trading day of May.\n• JPMorgan bought the bulk of the California lender\'s assets in a $10.6 billion deal.\n• The third bank failure this year comes as the Fed is expected to raise interest rates for the 10th consecutive time.\nUS stocks lost ground Monday after investors spent the first day of May trading gauging the implications ofFirst Republic Bank\'s seizure, with the second-largest bank failure in US history arriving just before the Federal Reserve is expected to raise interest rates again.\nThe S&P 500 Financial sector slipped, contributing to pulling down the S&P 500 index after two straight winning sessions that capped off an advance for April.\nJPMorgan shares, however, led the Dow Jones Industrial Average after the bank took over the bulk of First Republic\'s assets in a $10.6 billion deal. JPMorgan will pull in $92 billion in deposits from First Republic after numerous clients yanked $100 billion from the California lender in the first quarter.\nThe moves followed the abrupt March collapses and seizures of Silicon Valley Bank and Signature Bank. First Republic Bank shares were halted during the session after tumbling sharply.\nInvestors will want to hear what Fed Chair Jerome Powell will say about the newest bank failure when the US central bank delivers itsMay policy decisionn on Wednesday. Markets were largely pricing in a 10th straight rate hike.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:4,167.87, down 0.04%\n• Dow Jones Industrial Average:34,051.70, down 0.14% (46.46 points)\n• Nasdaq Composite:12,212.60, down 0.11%\nSome may view last month\'s deposit infusion into First Republic by large rivals as a failure, but CFRA said it disagreed.\n"If FRC had not received $30 billion from large banks in mid-March, the bank would likely have failed sooner, resulting in more fear and more deposit withdrawals from other regional banks. This could have caused a series of bank failures that would have weakened the U.S. financial system," CFRA equity analyst Alexander Yokum said in a note.\nHere\'s what else is happening today:\n• Here\'s what investors are looking forfrom the Fed\'s May meeting.\n• Elon Musksays dead banks prove more rate hikes will cause a severe recession.\n• Stocks look set to sell offas an overly hawkish Fed could hurt expectations for interest rate cuts, says Morgan Stanley\'s top strategist.\n• Warren Buffett\'s right-hand man Charlie Mungerwarns of turmoil in the US commercial property market.\n• Most investors expect Buffett\'sBerkshire Hathaway to outperformthe S&P 500 over the next five years.\n• A new "ex-China world order" will keep inflation higher,venture capitalist Chamath Palihapitiya says.\n• More than half of investors expect shares of Warren Buffett\'s Berkshire Hathaway to outperform the S&P 500 Index over the next five years.\n• From a credit crunch to a meltdown in the commercial real estate market, here\'s what topeconomists are predicting for the coming months.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate crudedropped 1.3% to $75.78 per barrel.Brent crude,the international benchmark, fell 1.1% to $79.45.\n• Goldlost 0.5% to $1,989.50 per ounce.\n• The10-year Treasury yieldshot up 13 basis points to 3.56%.\n• Bitcoingave up 4.1% at $28,036.50.\nRead the original article onBusiness Insider', 'Bitcoin fell in early Tuesday morning trading in Asia, dipping to US$28,000 and then falling through that support line later in the morning. Ether and the other top 10 non-stablecoin cryptocurrencies traded lower, with Polkadot and Solana leading the losers. The three major U.S. stock futures indexes fell after the month started with another bank failure in the U.S. Trading volume picked up in crypto overnight, but stock trading was thin ahead of the Fed\x92s decision on interest rates on Wednesday and more data on the state of the U.S. economy coming later this week. See related article: Mad Lads tops weekly NFT sales in first week since launch Crypto Bitcoin. Digital virtual coin on a black background Bitcoin fell 4.1% to US$28,058 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The drop left the world\x92s largest cryptocurrency with a slimmer seven-day gain of 1.97%. Uncertainty about the U.S. banking system and whether more failures will follow is making most investors cautious around crypto and other assets, despite recent predictions of substantial price gains for Bitcoin this year. Ether fell 2.16% to US$1,830, dropping 0.6% for the week. The token\x92s price has now retraced back to values seen in early April and has given up most of the gains related to the Shanghai hard fork on April 12, which freed up billions of dollars in Ether to be withdrawn from staking pools. Solana lost 3.45% to US$21.97, which could be profit-taking after the recent buzz around the debut of the blockchain\x92s first smartphone \x93Saga\x94 scheduled for May 4. The token is still up 2.7% for the week. Polkadot led the losers, falling 3.73% to US$5.67 and bringing its seven-day decline to 3.81%. The total crypto market capitalization fell 3.21% in the past 24 hours to US$1.16 trillion, while trading volume jumped 28.9% to US$40.97 billion. NFT The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.86% to 3,717.16 in the 24 hours to 8:00 a.m. in Hong Kong, losing 1.16% for the week. While the index dipped, developments in the overall NFT market are picking up pace. Leading art auction house Sotheby\x92s, which has reportedly handled about US$120 million in NFT sales, is now offering peer-to-peer trades of NFT art between collectors on its platform via the Ethereum and Polygon networks. Blur, currently the largest NFT marketplace by trading volume, said Monday it is launching a peer-to-peer NFT lending protocol called \x93Blend,\x94 which will allow users to put up collateral for purchasing NFTs. Its developers say the service will use the same principle as a mortgage to buy a house and that it will bring more cash and users into the market. Story continues Equities Image: First Republic Bank U.S. stock futures dipped as of 8:00 a.m, in Hong Kong, flagging the direction of the market when Wall Street opens later on Tuesday. The Dow Jones Industrial Average futures lost 0.11%, and the S&P 500 futures index dipped 0.14%. The Nasdaq-100 futures dropped 0.15%. All three indexes closed lower in regular Monday trade, overshadowed by the failure of First Republic Bank over the weekend, the fourth bank failure in the U.S. this year following Silvergate, Silicon Valley and Signature banks. U.S. regulators took control of First Republic after it reported in April it had seen around US$100 billion, or more than 40% of deposits, withdrawn and the stock plunged. JPMorgan won the bidding to purchase the bank\x92s remaining assets, the Wall Street investment bank said in a press release on Monday. In more industry gloom, Morgan Stanley said Monday it will cut another 3,000 jobs in the second quarter, according to Reuters , while Treasury Secretary Janet Yellen warned Monday that the U.S. government may default on its debt by June 1 if Congress doesn\x92t raise the debt ceiling. Other indicators on the health of the U.S. economy and businesses coming this week include earnings from Apple, the world\x92s biggest company by market capitalization, on Thursday and jobs numbers for April on Friday. Before those, however, the focus is on the Federal Reserve\x92s next move on interest rates, which is due on May 3. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. With U.S. inflation still trending at around 5%, analysts at the CME Group now expect an 85.5% chance the Fed will raise rates by 25 basis points this week and this is largely priced into markets. Interest rates in the world\x92s biggest economy are currently between 4.75% to 5%, the highest since June 2006. See related article: HKMA urges local banks to provide services to regulated digital asset firms View comments', 'Bitcoin fell in early Tuesday morning trading in Asia, dipping to US$28,000 and then falling through that support line later in the morning. Ether and the other top 10 non-stablecoin cryptocurrencies traded lower, with Polkadot and Solana leading the losers. The three major U.S. stock futures indexes fell after the month started with another bank failure in the U.S. Trading volume picked up in crypto overnight, but stock trading was thin ahead of the Fed’s decision on interest rates on Wednesday and more data on the state of the U.S. economy coming later this week.\nSee related article:Mad Lads tops weekly NFT sales in first week since launch\nBitcoin fell 4.1% to US$28,058 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The drop left the world’s largest cryptocurrency with a slimmer seven-day gain of 1.97%. Uncertainty about theU.S. banking systemand whether more failures will follow is making most investors cautious around crypto and other assets, despiterecent predictionsof substantial price gains for Bitcoin this year.\nEther fell 2.16% to US$1,830, dropping 0.6% for the week. The token’s price has now retraced back to values seen in early April and has given up most of the gains related to the Shanghai hard fork on April 12, which freed upbillions of dollarsin Ether to be withdrawn from staking pools.\nSolana lost 3.45% to US$21.97, which could be profit-taking after the recent buzz around the debut of the blockchain’s first smartphone “Saga” scheduled for May 4. The token is still up 2.7% for the week. Polkadot led the losers, falling 3.73% to US$5.67 and bringing its seven-day decline to 3.81%.\nThe total crypto market capitalization fell 3.21% in the past 24 hours to US$1.16 trillion, while trading volume jumped 28.9% to US$40.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.86% to 3,717.16 in the 24 hours to 8:00 a.m. in Hong Kong, losing 1.16% for the week.\nWhile the index dipped, developments in the overall NFT market are picking up pace. Leading art auction house Sotheby’s, which hasreportedlyhandled about US$120 million in NFT sales, is now offering peer-to-peer trades of NFT art between collectors on its platform via the Ethereum and Polygon networks.\nBlur, currently the largest NFT marketplace by trading volume,saidMonday it is launching a peer-to-peer NFT lending protocol called “Blend,” which will allow users to put up collateral for purchasing NFTs. Its developers say the service will use the same principle as a mortgage to buy a house and that it will bring more cash and users into the market.\nU.S. stock futures dipped as of 8:00 a.m, in Hong Kong, flagging the direction of the market when Wall Street opens later on Tuesday. The Dow Jones Industrial Average futures lost 0.11%, and the S&P 500 futures index dipped 0.14%. The Nasdaq-100 futures dropped 0.15%.\nAll three indexes closed lower in regular Monday trade, overshadowed by the failure of First Republic Bank over the weekend, the fourth bank failure in the U.S. this year following Silvergate, Silicon Valley and Signature banks.\nU.S. regulators took control of First Republic after it reported in April it had seen around US$100 billion, or more than 40% of deposits, withdrawn and the stock plunged. JPMorgan won the bidding to purchase the bank’s remaining assets, the Wall Street investment bank said in apress releaseon Monday.\nIn more industry gloom, Morgan Stanley said Monday it will cut another 3,000 jobs in the second quarter, according toReuters, while Treasury Secretary Janet Yellenwarned Mondaythat the U.S. government may default on its debt by June 1 if Congress doesn’t raise the debt ceiling.\nOther indicators on the health of the U.S. economy and businesses coming this week include earnings from Apple, the world’s biggest company by market capitalization, on Thursday and jobs numbers for April on Friday.\nBefore those, however, the focus is on the Federal Reserve’s next move on interest rates, which is due on May 3. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%.\nWith U.S. inflation still trending at around 5%, analysts at the CME Group now expect an 85.5% chance the Fed will raise rates by 25 basis points this week and this is largely priced into markets. Interest rates in the world’s biggest economy are currently between 4.75% to 5%, the highest since June 2006.\nSee related article:HKMA urges local banks to provide services to regulated digital asset firms', 'Bitcoin fell in early Tuesday morning trading in Asia, dipping to US$28,000 and then falling through that support line later in the morning. Ether and the other top 10 non-stablecoin cryptocurrencies traded lower, with Polkadot and Solana leading the losers. The three major U.S. stock futures indexes fell after the month started with another bank failure in the U.S. Trading volume picked up in crypto overnight, but stock trading was thin ahead of the Fed’s decision on interest rates on Wednesday and more data on the state of the U.S. economy coming later this week.\nSee related article:Mad Lads tops weekly NFT sales in first week since launch\nBitcoin fell 4.1% to US$28,058 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The drop left the world’s largest cryptocurrency with a slimmer seven-day gain of 1.97%. Uncertainty about theU.S. banking systemand whether more failures will follow is making most investors cautious around crypto and other assets, despiterecent predictionsof substantial price gains for Bitcoin this year.\nEther fell 2.16% to US$1,830, dropping 0.6% for the week. The token’s price has now retraced back to values seen in early April and has given up most of the gains related to the Shanghai hard fork on April 12, which freed upbillions of dollarsin Ether to be withdrawn from staking pools.\nSolana lost 3.45% to US$21.97, which could be profit-taking after the recent buzz around the debut of the blockchain’s first smartphone “Saga” scheduled for May 4. The token is still up 2.7% for the week. Polkadot led the losers, falling 3.73% to US$5.67 and bringing its seven-day decline to 3.81%.\nThe total crypto market capitalization fell 3.21% in the past 24 hours to US$1.16 trillion, while trading volume jumped 28.9% to US$40.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.86% to 3,717.16 in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $542,371,495,350 - Hash Rate: 312374381.6166337 - Transaction Count: 457708.0 - Unique Addresses: 620729.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds comment, weekly milestones; updates prices) * U.S. services sector data shows steady growth in February * Bitcoin, ether fall in Silvergate fallout * Dollar on track for worst week since mid-January vs yen * Dollar could resume uptrend next week with U.S. jobs data -analyst By Gertrude Chavez-Dreyfuss NEW YORK, March 3 (Reuters) - The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy. Analysts said the market has for the most part priced in the prospect of a higher terminal fed funds rate after the recent run of upbeat U.S. economic data. The yen, which is sensitive to U.S.-Japan long-term rate differentials, looked set to halt its six-week losing streak against the dollar, as it gained strength with 10-year U.S. yields retreating from a nearly four-month high close to 4.1%. Cryptocurrencies, on the other hand, took a beating as the crisis surrounding Silvergate Bank worsened, with industry heavyweights such as Coinbase Global and Galaxy Digital dropping the lender as their banking partner. The dollar index, which measures the greenback's value against six major currencies, fell 0.3% to 104.60, from as high as 105.36 at the start of the week, its strongest level since Jan. 6. So far this week, the index has slid 0.5%, on pace for its biggest percentage fall since the week of Jan. 15. The greenback briefly pared losses after data showed the U.S. services sector grew at a steady pace in February, with new orders and employment rising to more than one-year highs. The Institute for Supply Management's (ISM) non-manufacturing index dipped to 55.1 from 55.2 in January. "The dollar has essentially enjoyed four full weeks of gains that completely erased the losses in January," said Juan Perez, director of trading at Monex USA in Washington. "As markets look to end a tough Q1, there is optimism growing as the focus shifts from the pains associated with inflationary pressures and to the potential for a prosperous second half of the year despite central bank tightening via interest rates." Analysts polled by Reuters said recent dollar strength was likely to be temporary, and the currency will weaken over the course of the year as the global economy improves and on expectations the Fed will stop hiking interest rates well ahead of the European Central Bank. However, the dollar seems unlikely to reverse its latest uptrend, said Karl Schamotta, chief market strategist at Corpay in Toronto. "Next week's job opening and non-farm payrolls reports could generate a lift in yields and the dollar. Traders are likely to move cautiously, particularly in currencies exposed to more dovish local central bank messaging - namely the Aussie, Canadian dollar, and yen." The Bank of Japan (BOJ), meanwhile, is expected to start dismantling extraordinary stimulus measures after Governor Haruhiko Kuroda retires next month. Tokyo inflation data for February exceeded the BOJ's target for a ninth month, but the core measure did decelerate from a 42-year high. The dollar eased 0.4% to 136.26 yen, after climbing to 137.10 on Thursday, the highest since Dec. 20. For the week, the dollar was down 0.4% versus the yen, its worst weekly showing since mid-January. The euro rose 0.3% to $1.0628, after starting the week at a nearly two-month low of $1.0533. Sterling rose 0.7% against the dollar to $1.2032, on track for a 0.4% gain on the week, its best weekly performance since Jan. 20. The pound's gains came as Britain struck a post-Brexit Northern Ireland trade deal with the European Union, while a survey showed Britain's services sector grew at the fastest pace in eight months in February. Bitcoin slid 4.9% to $22,306, after touching a 2-1/2-week low at $22,000. Ether declined dropped 5.4% to $1,559 after touching $1,543.60, the lowest since mid-February. ======================================================== Currency bid prices at 3:00PM (2000 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 104.5100 104.9600 -0.41% 0.986% +105.0100 +104.5100 Euro/Dollar $1.0633 $1.0598 +0.33% -0.76% +$1.0636 +$1.0589 Dollar/Yen 135.8500 136.7800 -0.67% +3.62% +136.7650 +135.8100 Euro/Yen 144.45 144.92 -0.32% +2.96% +145.0400 +144.3000 Dollar/Swiss 0.9362 0.9424 -0.65% +1.25% +0.9420 +0.9360 Sterling/Dollar $1.2044 $1.1948 +0.82% -0.40% +$1.2046 +$1.1945 Dollar/Canadian 1.3592 1.3595 -0.03% +0.31% +1.3644 +1.3556 Aussie/Dollar $0.6770 $0.6730 +0.59% -0.69% +$0.6772 +$0.6725 Euro/Swiss 0.9953 0.9983 -0.30% +0.59% +0.9999 +0.9948 Euro/Sterling 0.8827 0.8869 -0.47% -0.19% +0.8873 +0.8827 NZ $0.6224 $0.6218 +0.14% -1.95% +$0.6241 +$0.6193 Dollar/Dollar Dollar/Norway 10.3860 10.4360 -0.39% +5.92% +10.4610 +10.3950 Euro/Norway 11.0477 11.0500 -0.02% +5.28% +11.0900 +11.0416 Dollar/Sweden 10.4623 10.5073 -0.06% +0.52% +10.5271 +10.4630 Euro/Sweden 11.1260 11.1322 -0.06% -0.21% +11.1533 +11.1225 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Samuel Indyk in London and Kevin Buckland in Tokyo; Editing by Christopher Cushing, Kim Coghill, Louise Heavens, Christina Fincher and Richard Chang)... - Reddit Posts (Sample): [['u/DisputableSSD', 'Proposal: Modification to the block header to decrease node storage requirements by 60-70%', 95, '2023-05-02 01:57', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/', 'This post was inspired by [a proposal](https://bitcoincashresearch.org/t/chip-2021-07-utxo-fastsync/502) for BitcoinCash.\n\nTLDR: Skip downloading irrelevant data from old transactions. No increase to centralization/trusted-ness, and the extra verification cost is negligible.\n\nKey sections will be bolded, if you just want a general idea.\n\nA new field would be added to the block header. It\'s more-or-less identical to the existing merkle root which commits to every transaction in the block, except each transaction has `rctsig_prunable` removed. This portion of the transaction holds all of the cryptographic proofs, namely the ring signatures and rangeproofs, which represent the majority of a transaction\'s footprint in terms of size. Everything else, including all data necessary to verify future transactions, sync a wallet, and whatever else, are elsewhere in the transaction. Removing this field is, as you may have guessed from the name, how pruning works. This extra 32-byte field would grow the blockchain by less than 9 megabytes per year, and would take less than a millisecond to verify for each block.\n\nCurrently, pruned nodes must download the entire blockchain despite the fact that they only intend to keep about one third of it. This change would allow them to only download the "core" of the transaction, thus skipping the unnecessary work. This would not only reduce the amount of data which each node has to download, but also reduce the overall strain on the network. Additionally, this would technically remove the need for keeping old data at all: the network could function fine with 100% fully-pruned nodes, though in practice it would be good to maintain some full copies, even if not strictly necessary.\n\nThe existing pruning implementation retains a full copy of 1/8 of all blocks, which is also compatible with this proposal. Without going into too much detail, a pruned node will randomly select a "seed" with which it will decide the blocks it wants to keep. On the blocks which it prunes, the pruned transaction set would be download. On blocks which it does not prune, the full transaction set would be downloaded.\n\nBut wait a minute, if nodes don\'t download the proofs from old transactions, doesn\'t that mean we risk accepting invalid transactions? Well yes, but nodes *already* do this. There is a checkpoint system in place, where every transaction before a certain block is automatically assumed to be valid, which drastically reduces the time needed to verify the blockchain. What this means, though, is that every node must download all those old proofs, only to do nothing with them, except for transmit them to other nodes, thus continuing the cycle. New blocks (usually within a few months), which aren\'t explicitly marked as valid within the software, are verified normally. This modification would work the same: new blocks would be fully downloaded as normal. There is no extra risk involved with this change, since checkpoints already do the same thing, just in a less efficient way.\n\nCheckpoints are not unique to Monero, either. Bitcoin has them (albeit, implemented differently), and Ethereum even has a "quick-sync" feature which is similar to this proposal. Most, if not all, other cryptocurrencies have some form of checkpoints, so Monero is not an exception.\n\nThis could be implemented in a future hard fork. It\'s possible to make it a soft fork, similar to SegWit in Bitcoin, but I don\'t think anyone here wants to recreate that mess. This change is also completely compatible with Seraphis, and likely any other potential future transaction protocol, so it\'s future-proof.\n\n\n\n# Edit:\n\nAfter further research, apparently this already exists! Just in a slightly different manner than what I described. The `--sync-pruned-blocks` flag was added in 2019, but from what I can tell it appears to be mostly forgotten about. I\'ve opened [an issue](https://github.com/monero-project/monero/issues/8834) on GitHub, suggesting to enable this by default for pruned nodes. There seems to be no reason why not to, as current pruning behavior means that the node will immediately discard most of the data it just downloaded, when syncing old blocks.', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/', '1355ipf', [['u/bdoc50', 16, '2023-05-02 02:11', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jii1e6z/', 'This would be great if works as described. Chain "bloat" is the last sticking point for BTC maxi FUD regarding Monero.', '1355ipf'], ['u/gingeropolous', 10, '2023-05-02 02:33', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jii4c67/', "Then they'll scream centralization because this is essentially accepting a stamp of approval ( afaiui)", '1355ipf'], ['u/Tystros', 27, '2023-05-02 05:35', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jiirthv/', 'you should post this as an issue on github', '1355ipf'], ['u/DisputableSSD', 11, '2023-05-02 07:34', 'https://www.reddit.com/r/Monero/comments/1355ipf/proposal_modification_to_the_block_header_to/jij3bdc/', 'Done! See the edit on the original post.', '1355ipf']]], ['u/shiraco414', 'If I could go back five years', 34, '2023-05-02 02:09', 'https://www.reddit.com/r/M1Finance/comments/1355su7/if_i_could_go_back_five_years/', 'I would tell myself to stop pretending I knew what I was doing or care to know, and just put my money in VOO and some in VUG.\n\nI would have made more money without stressing myself and looking at my phone all the time. \n\nObviously, I\'m not counting things like "buy bitcoin X date and sell it X date"', 'https://www.reddit.com/r/M1Finance/comments/1355su7/if_i_could_go_back_five_years/', '1355su7', [['u/slut', 26, '2023-05-02 02:16', 'https://www.reddit.com/r/M1Finance/comments/1355su7/if_i_could_go_back_five_years/jii1ztz/', 'M1Finance is the /r/wallstreetbets retirement home', '1355su7']]], ['u/HockeyGold11', '27M - Guidance needed', 20, '2023-05-02 02:20', 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/', "Looking for advice as I think it may be time to change my strategy. I think I am too heavily investing in tax advantaged retirement accounts and wondering if I need to start exploring a taxable brokerage and HYSA.\n\nFinancial Breakdown:\n\n~105k income (about 3.5k expenses in VHCOL – SoCal)\n\n401k - 95k (max + generous employer match of 10-12k/yr)\n\nRoth - 40k (max yearly with some individual holdings like TSLA)\n\nHSA - 4.5k (max)\n\nCrypto - 8k (I buy $400ish bitcoin every month)\n\nI don't really have any savings outside of retirement and crypto. Do I need to tone down the tax advantaged and start building non-retirement or keep the current path?\n\nThanks for any help you can provide.", 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/', '13561bu', [['u/parchedbeluga', 20, '2023-05-02 02:39', 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/jii52ya/', "Continue to max every available tax-advantaged opportunity. You're on the cusp of being able to do so, and your future earnings will take you over that limit where you'll have to contribute to taxable accounts anyway (mega backdoor aside). \n\nThink of it this way - you want funds to grow tax free for as long as possible. Why wouldn't you want those accounts to be maximized as early as possible? Even if you retire before withdrawal age, you'll need money when you're older too. \n\nAlso here's obligatory unsolicited advice to dump your individual holdings. It can work for people who really know what they're doing. Based on where that money is going, you aren't one of those people.", '13561bu'], ['u/o2msc', 25, '2023-05-02 02:42', 'https://www.reddit.com/r/Fire/comments/13561bu/27m_guidance_needed/jii5gl6/', 'You should have about $20,000 in a HYSA as your six month emergency fund. Especially living in a VHCOL area with a more modest income for Southern California. Really no business having that much money going into crypto every month when you don’t have any savings.', '13561bu']]], ['u/Fureasies', 'Hashrate goes brrrr (ATH)', 30, '2023-05-02 03:03', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/', '[https://www.coinwarz.com/mining/bitcoin/hashrate-chart](https://www.coinwarz.com/mining/bitcoin/hashrate-chart)\n\n491.15 EH/s (2.5.2023 1.08 am UTC)\n\nhttps://preview.redd.it/0iwlsnpwhbxa1.png?width=983&format=png&auto=webp&v=enabled&s=12ed98b58571320c5b814a0fcc048f1c756de0ec', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/', '1356yp0', [['u/Unlikely-Swordfish28', 16, '2023-05-02 03:36', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/jiicpq6/', 'i find hashrate so interesting, prob the most bullish signal we have. Someone, somewhere is pouring a lot of resources into mining infrascture, likely a nation state', '1356yp0'], ['u/jamesblacklock', 11, '2023-05-02 05:31', 'https://www.reddit.com/r/Bitcoin/comments/1356yp0/hashrate_goes_brrrr_ath/jiirey7/', 'I\'m going to describe it in a not totally accurate way that may be easier to follow.\n\nHashrate basically roughly represents the number of miners (or "mining units") that are racing to create a block. The more miners there are, the higher the hashrate will go, and that\'s good for numerous reasons:\n\n1. It makes it harder for an attacker to use a 50% attack because the attacker has so much competition\n2. It suggests that mining profitability has probably increased, maybe because of more efficient mining equipment, maybe other reasons\n\nIn a nutshell, competition amongst miners is what secures the ledger and prevents rewriting it. So higher hashrate generally = increased health and security of the system overall.', '1356yp0']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 02, 2023', 31, '2023-05-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/', '135amny', [['u/regxbN78', 12, '2023-05-02 06:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jiizue3/', "So it's a steady drift downwards in price as we head into the debt ceiling debacle? 🍿", '135amny'], ['u/spinbarkit', 11, '2023-05-02 09:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijayxl/', "payday. time to save long and move liq to more comfortable level. \n\nah yes, also I was wondering if Wardser is a witch?\n\nnext thing I wanted to touch here is how come people actually think they know, like for sure, what will come next? and then fight over this...\nI get it Wardser CAN know... \n\nmessage reads: guys, try to chill. let's just wait and see. in the mean time take pleasure in observing the process itself.\n\nabove that, don't do utterly stupid things and get liquidated before the great profits really come...\n\nlike some of us... yes?", '135amny'], ['u/mad_bitcoin', 16, '2023-05-02 11:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijl59e/', 'Hashrate jumped from 288 EH/s to 450 EH/s in SIX DAYS! \n\nProbably nothing👀', '135amny'], ['u/PatientlyWaitingfy', 22, '2023-05-02 12:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijmumo/', 'Crab', '135amny'], ['u/Lornd', 11, '2023-05-02 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jijym5j/', 'If you listen carefully enough you might just hear the faint sound of Elizabeth Warren screeching somewhere off in the far distance.', '135amny'], ['u/52576078', 20, '2023-05-02 15:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jik9bih/', 'More on the Buthan mining news. OK, they are a tiny country, but they have a surplus of electricity so this is a smart move. https://thebhutanese.bt/a-tech-future/', '135amny'], ['u/dopeboyrico', 26, '2023-05-02 16:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikc9lg/', 'Fed meets tomorrow to hike rates another 25 BP adding more pressure on banks at risk of failure. Pacific Western Bank stock is down more than 35% today and might end up reaching a new all-time low. This is potentially the next bank to fail, amongst others.\n\nThen on the side of Congress we have the debt ceiling x date being pushed up to as early as June 1st.\n\nAdditional money printing is coming on both ends. It might get bumpy between now and then as people begin to doubt that the money printer is going to get turned back on but it’s coming.\n\nWith high inflation people are upset but too busy toiling away at their jobs trying to scrape by to do anything about it. With high unemployment people are upset and have plenty of free time to resort to violence since they have nothing left to lose without their jobs. If those in power are forced to choose between one or the other, they will choose high inflation.', '135amny'], ['u/Order_Book_Facts', 16, '2023-05-02 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikcp00/', 'I hope we crab at 30k until 2024. Please, sell your coins now, it’s going to make 2025 a shit-on-your-boss’s-desk year.', '135amny'], ['u/jarederaj', 21, '2023-05-02 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikdpae/', 'This was always how it was going to end up. Miners will go to where energy is cheapest, and energy is cheapest when it is from a renewable source.\n\nWhen energy is trapped it becomes bitcoin. That is the world we live in today.', '135amny'], ['u/jarederaj', 16, '2023-05-02 16:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikeipq/', 'Retirement means you get to do what you love instead of grinding. You don’t need to wait.\n\nGuys, seriously, just figure out a way to stop grinding. It will cost you the shit that you probably don’t even care about at first. Pay the fee.', '135amny'], ['u/viralhysteria', 10, '2023-05-02 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikfsaf/', 'just sharing news, no particular thoughts on this relative to bitcoin pa atm, still not getting too excited about either or outcome until fomc rolls over. 5 minutes before this came out i was basically hoping we just chop a micro range through the day. \nhttps://twitter.com/KobeissiLetter/status/1653404208731676672', '135amny'], ['u/xtal_00', 11, '2023-05-02 17:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikm4il/', 'Grinding sucks. But so does poverty.\n\nI prefer the high class prostitution model. I might be selling my soul, but go for top dollar. :)', '135amny'], ['u/BatteredLittleFish', 10, '2023-05-02 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikn51d/', "Just look at that strength, once we get our dovish news tomorrow, we'll be back over 30 in no time.", '135amny'], ['u/jarederaj', 10, '2023-05-02 17:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikosga/', 'Yeah, looks like a positive setup to me, too. We’re ranging, but we’re at the bottom of the range. Crab, then maybe up.\n\nLong-term: bitcoin stands out from alts for at least the next year. Maybe a post halving rally, but I think the alt narratives are weak and will stay weak. They’re all “old tech,” just as they described bitcoin four and eight years ago. Nothing really new since 2013… and that stuff never materialized into something substantial.', '135amny'], ['u/emergencyexit', 12, '2023-05-02 17:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikpl0j/', 'State of the mempool, wtf', '135amny'], ['u/diydude2', 13, '2023-05-02 17:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikpplv/', 'Lots of people moving BTC around now that the dominoes are starting to fall in banking.', '135amny'], ['u/bittabet', 11, '2023-05-02 17:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikqzal/', 'The top four banks hold under $10 trillion in deposits so it’d be really impressive if they had $200 trillion in losses 😂', '135amny'], ['u/delgrey', 16, '2023-05-02 18:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jikyo3m/', '"Biden proposes 30% climate change tax on cryptocurrency mining"\n\nHa here we go. Bitcoin shows a little life so gotta shut it down fast.', '135amny'], ['u/PatientlyWaitingfy', 21, '2023-05-02 19:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jil3z0q/', 'BTC is borderless', '135amny'], ['u/Downtown-Ad-4117', 10, '2023-05-02 19:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jil65x8/', 'They are saying some positions got liquidated, and that everything had worked as it should.', '135amny'], ['u/[deleted]', 22, '2023-05-02 19:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jil69v5/', "I gotta say sending BTC with Cash App on Lightning Network is pretty awesome. Free!\n\nEdit: Ok it gets a demerit for having a $999 limit per week. That's lame.", '135amny'], ['u/Shootinsomebball', 12, '2023-05-02 20:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jileyhp/', 'Miners will just go elsewhere. Biden wants 30% of nothing. Dumbass', '135amny'], ['u/ohmygodbeats7', 10, '2023-05-02 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jilfg1p/', 'It’s still there. It’s just below us right now.', '135amny'], ['u/bufonia1', 17, '2023-05-02 20:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jilinld/', 'how about the same tax on fossil fuel mining?', '135amny'], ['u/skarbowkajestsuper', 15, '2023-05-02 22:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/jim0tyj/', 'Balaji is back with his $1m bet: \nhttps://twitter.com/balajis/status/1653449321185169409', '135amny']]], ['u/CryptoIsThePlan', 'Bitcoin has 200k Unconfirmed Transactions', 24, '2023-05-02 06:01', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/', 'There are nearly 200k unconfirmed transactions sitting in the mempool.\n\nhttps://preview.redd.it/5i5purvtccxa1.png?width=556&format=png&auto=webp&v=enabled&s=9d12c423711fa17748a6326893c2c0e88ad71824\n\nAccording to [an article](https://news.bitcoin.com/200000-unconfirmed-transactions-pile-another-crazy-day-bitcoin/) the reasons it happened in 2017 was:\n\n>Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours. \n> \n>Total bitcoin trading volume has neared $29 billion, a five-fold increase on the same time last month.\n\nIt also reached 100k transactions in the mempool around Oct 2020, according to [Coin Telegraph](https://cointelegraph.com/news/unconfirmed-transactions-on-bitcoin-network-at-highest-level-since-2017). \n\nDo you think this is an issue that needs to be addressed? What could be causing this to happen today?\n\n[Bitcoin Mempool](https://mempool.space/)', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/', '135ao55', [['u/FattestLion', 34, '2023-05-02 06:05', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/jiiv244/', '<insert shill for altcoin that can do 6,969 TPS here>', '135ao55'], ['u/CryptoIsThePlan', 14, '2023-05-02 06:07', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/jiivalb/', '"DogeShitInu handles 20,000 tx a second..."', '135ao55'], ['u/UnrulySasquatch1', 12, '2023-05-02 06:33', 'https://www.reddit.com/r/CryptoCurrency/comments/135ao55/bitcoin_has_200k_unconfirmed_transactions/jiixyhn/', "What's weirder to me is the MASSIVE increases in transactions per day recently. April 30th has double the transactions per day from April 19th. And well over any historical high\n\nhttps://www.blockchain.com/explorer/charts/n-transactions", '135ao55']]], ['u/rBitcoinMod', 'Daily Discussion, May 02, 2023', 38, '2023-05-02 08:04', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/134fd9r/mentor_monday_may_01_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/', '135cu0s', [['u/B1gg_R3dd', 10, '2023-05-02 10:59', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jijhq4f/', 'Look up “Hyperinflation in the Weimar Republic” and you’ll see an example of why fiat is bad.', '135cu0s'], ['u/HipOut', 19, '2023-05-02 13:01', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jijqody/', 'Because you trade hours of your life for fiat currency, and then a central bank can just print more money which devalues the purchasing power of the money you’ve earned. You will never get those hours of your life back and the money will continue to lose value over time. Last year alone the money lost 5-10% of its value. We can’t even precisely gauge the rate of inflation that’s how messed up our current system is.\n\n\nWith inflation the cost of everything increases because the value of dollars has decreased. So when the grocery bill of a middle or lower class family increases it hits them way harder than it will hit the upper class, especially because wages are not increasing at the same speed as inflation.\n\nThis (among other reasons) only increases the wealth disparity between the upper class and the middle lower class, causing a very small percentage at the top to own a very large percentage of all of the wealth.\n\nThere are ways to opt out of the system, such as trading your fiat currency for physical property, but many are priced out of buying a home or commercial property.\n\nAnother way to opt out of the fiat system is to trade your fiat currency for Bitcoin, a decentralized currency with a limited supply that cannot be inflated', '135cu0s'], ['u/Umpire_State_Bldg', 11, '2023-05-02 14:53', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jik2a90/', 'They create money for free which the rest of us have to work for.\n\nSee the scam?', '135cu0s'], ['u/escodelrio', 17, '2023-05-02 15:57', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jikaiph/', "Historical Bitcoin prices for today, May 2nd:\r \n\r \n2023 - $28,014\r \n2022 - $38,914\r \n2021 - $56,609\r \n2020 - $8,891\r \n2019 - $5,503\r \n2018 - $9,220\r \n2017 - $1,444\r \n2016 - $445\r \n2015 - $235\r \n2014 - $447\r \n2013 - $106\r \n2012 - $5.1\r \n2011 - $3.2\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/02/2023 is $9,014.19.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1653353858221875200).", '135cu0s'], ['u/HurricaneHarvey7', 10, '2023-05-02 17:22', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jikmwvy/', 'PacWest and Western Alliance', '135cu0s'], ['u/Crypt0fart', 16, '2023-05-02 17:44', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jikq81u/', 'Goodbye banks 🏦 👋. Hello bitcorn 🌽', '135cu0s'], ['u/HurricaneHarvey7', 10, '2023-05-02 20:41', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jilhl6x/', "I'm going to laugh my ass off if the public suddenly understands the value of Bitcoin and the price goes into the six digits.", '135cu0s'], ['u/Maticus', 11, '2023-05-02 21:05', 'https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/jillcpu/', 'Disgusting garbage', '135cu0s']]], ['u/IAmAshley2', 'Had my first taste of Sports car racing', 23, '2023-05-02 09:28', 'https://www.reddit.com/r/Sportscar_Racing/comments/135e7tq/had_my_first_taste_of_sports_car_racing/', 'I’m a big fan of F1 and also BTCC and have been watching both of these for a few years now. I do like motorsport in general, I’ve tried to get in to Formula E but I find the racing not the best. \n\nLast night I went on to YouTube and watched the British GT championship qualifying and both races that were at Oulton Park. And I really enjoyed it actually. So I think I’ll be keeping up with that and watching them when I can. \n\nWhat other series do people recommend? I don’t want to overload myself with too much (also a lack of time) but I’m thinking of watching GT World Challenge Europe also just to ease myself in 😅 Makes it easier that they are both aired on YouTube in the UK.', 'https://www.reddit.com/r/Sportscar_Racing/comments/135e7tq/had_my_first_taste_of_sports_car_racing/', '135e7tq', [['u/Tonoigtonbawtumgaer', 26, '2023-05-02 09:48', 'https://www.reddit.com/r/Sportscar_Racing/comments/135e7tq/had_my_first_taste_of_sports_car_racing/jijd2w0/', "Yeah anything the GTWorld channel livestreams (GTWC included) is usually good, that's a great place to start and the chat always answers new people's questions, definitely recommend that", '135e7tq']]], ['u/Pleasuredinpurgatory', "Don't believe me, but I found a really clear edge for getting out of alts before they dump", 70, '2023-05-02 10:49', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/', 'Hear me out. \n\nI\'ve been trading for a few years in crypto and I have built a web app that tracks the top coins in the market. My friends and I created an indicator that tracks the trends of all coins and found some really interesting data points one of which I will share with you here.\n\nWhen BTC enters an Uptrend [according to our coin screener](https://coinrotator.app), alts will sell off aggressively. At first, I thought it was just an anomaly, like sometimes an MA crossover can predict strong moves, while other times the market goes in reverse. But this data point has happened at least 6 times in the past year. Each time alts dumped hard.\n\nSo how to keep track of this? Just access [coinrotator.app](https://coinrotator.app) or use the alerts in the discord or the telegram. Links are in the menu on the site.\n\n\n\nhttps://preview.redd.it/11n14cl5tdxa1.png?width=1804&format=png&auto=webp&v=enabled&s=573eb8b2f6627c87c10da7d766dba4d0078a3490\n\nAdditional confluence is when the market health indicator is in a downtrend.\n\nNone of this makes sense? We wrote a guide last year trying to explain it as simply as possible. granted, I am a verbose nerd so even with my attempt it still failed. \n\nBut for the unintiated: we track all coins in the top 1500 ranked by marketcap. When any coin is trading stronger than BTC ETH and USDT it is considered in an uptrend, and when its weaker, it is consdered in a downtrend. Trading weaker and stronger in different markets? It\'s in a "HODL" trend. That\'s it, that\'s what the screener does.\n\nHappy to answer any questions how I came up with this and what we plan to do with this data in the near future. We have a discord and a telegram but you don\'t have to join, in fact, don\'t just join, come and share your thoughts about what we built and why you think its a waste of time, I welcome any and all feedback, but don\'t come just to lurk. It\'s creepy!\n\n[https://coinrotator.app/coin/bitcoin](https://coinrotator.app/coin/bitcoin)\n\n[https://coinrotator.app/market-health](https://coinrotator.app/market-health)', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/', '135fg1a', [['u/lovelybittabusiness', 12, '2023-05-02 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/jijhat8/', "I mean, people are pretty aware of this already.\n\nThe market runs in cycles, Bitcoin pumps, then Eth and other big blue chip cryptos until later it runs into alts\n\nThis isn't exactly breaking news", '135fg1a'], ['u/Calm-Cartographer677', 44, '2023-05-02 10:58', 'https://www.reddit.com/r/CryptoCurrency/comments/135fg1a/dont_believe_me_but_i_found_a_really_clear_edge/jijhnjp/', 'No surprises there, alts do well when BTC crabs', '135fg1a']]], ['u/PRYCDaddy', 'Wen lambo?', 31, '2023-05-02 11:41', 'https://www.reddit.com/r/avatartrading/comments/135g9u9/wen_lambo/', 'Floor is thin on the Bitcoin Bear. Probably one of the bluest blue-chips of Gen 3!', 'https://i.redd.it/ju4oxotxjfxa1.jpg', '135g9u9', [['u/dinoyeti', 10, '2023-05-02 12:43', 'https://www.reddit.com/r/avatartrading/comments/135g9u9/wen_lambo/jijp4px/', 'Bruh I havent checked floor prices for the last 3 weeks. Good to see lambo performing. I actually bought two of these.', '135g9u9'], ['u/crypto_grandma', 14, '2023-05-02 12:47', 'https://www.reddit.com/r/avatartrading/comments/135g9u9/wen_lambo/jijpf3a/', "Lambozarth Moofaces, don't forget about the perfect [lambo accessory](https://opensea.io/collection/memetic-traders-x-reddit-collectible-avatars?search[stringTraits][0][name]=Right%20Hand&search[stringTraits][0][values][0]=Supercar) for your Bitcoin trading bear-bull\n\nhttps://preview.redd.it/wza6tl7pvfxa1.jpeg?width=583&format=pjpg&auto=webp&v=enabled&s=194e76b2628841bba70b80778ef7854944e5ead1", '135g9u9']]], ['u/dencol', 'Algo approaching another low while Eth and solana are more than double their ‘22 lows', 118, '2023-05-02 13:38', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/', 'Like most of you I’m down terribly on algorand. I’ve followed the progress closely since the start of ‘21 - before there was even a dApp - and while it appears significant progress has been made, the price continues to go down. It wouldn’t be so demoralizing if other L1s had comparable price action but Algo just keeps getting beaten down. \n\nI’ve said in previous comments that it feels like the liquidity I provided was used to pay for all of the corporate executives that have been hired. It’s hard to see $2 again, and at this point I just don’t see why I’d buy more Algo instead of Eth or BTC. Maybe this is what a bear market does. But at a certain point you have to call it what it is and Algorand has been a terrible investment. \n\nJust curious on what some of the long term holders with big bags think. Is it still “this is a 2030 play”? Has your confidence wavered? I know: accelerated vesting is over and the inflation is a lot less now. But what is the selling (buying?) point of algorand right now? Why choose this over Eth or Solana? It seems like they’re both so far ahead with users. \n\nWhat I think is great: the novel PPoS consensus mechanism, the transactions are quick and work smoothly, 10bn cap, and the work being done to attract developers (algokit).', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/', '135ik80', [['u/ColteesBigOleTits', 58, '2023-05-02 13:53', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijvkoh/', 'It freaking sucks. I have transacted almost exclusively on algorand since March 2021. It’s absolutely the easiest, fastest, most secure blockchain out there and using ETH for example feels so cumbersome compared to algo. But algo’s price action has been complete dogshit almost the entire time I’ve been a holder. These days, the only thing I use algo for is to buy and sell chips and play around in the casino. The only coin I’m actually hodling nowadays is BTC.', '135ik80'], ['u/UpDogsUp', 25, '2023-05-02 13:53', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijvn01/', "I'm seeing this as a miraculous buying opportunity", '135ik80'], ['u/TurkeyBaconALGOcado', 21, '2023-05-02 14:02', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijwims/', "When more people learn the hard way about gas fees and network outages, they'll likely open up to alternative chains free of those issues. Algorand being an excellent option, dare I say the best.", '135ik80'], ['u/_A_Day_In_The_Life_', 28, '2023-05-02 14:06', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijwyul/', 'I hope y’all are right for your sake but I’m not putting another cent into this coin.', '135ik80'], ['u/SirDanMur', 17, '2023-05-02 14:12', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jijxm8d/', "I bought a lot last time it was in the .17s. I'm not buying anymore. But I'm have in LPs, governance and they have farms right now, so my algos buy Algo for me right now.", '135ik80'], ['u/hypercosm_dot_net', 112, '2023-05-02 14:34', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik03is/', '>Maybe this is what a bear market does\n\nYes. It\'s going to test your conviction. \n\nIt hasn\'t tested mine, because I know why I bought Algo. I also expected this to take time, and knew it wasn\'t going to make me rich overnight. \n\n>Why choose this over Eth or Solana? \n\nFor those speculating with Algo, the answer is - Algorand is an actual functioning blockchain, that has never gone down, and doesn\'t have exorbitant fees. Along with the very real innovations Silvio and team have implemented on Algorand - I mean, can you even rekey your wallet on any other chain?\n\nAlgorand is for forward thinking people. I am committed to it, because I think smart people are going to build their applications on it. \n\n"In the short run, the market is a voting machine but in the long run it is a weighing machine."', '135ik80'], ['u/618Crypto', 17, '2023-05-02 14:56', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik2o7b/', "Lambo or forever poor!...let's fkn go!", '135ik80'], ['u/[deleted]', 13, '2023-05-02 15:00', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik372h/', 'I wish I could take my investment back. But I don’t see it even in 2030', '135ik80'], ['u/malte_brigge', 11, '2023-05-02 15:04', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik3mra/', '> Eth and BTC have been around for decades\n\nFact check: Bitcoin was launched in January 2009. Ethereum is less than a decade old.', '135ik80'], ['u/hypercosm_dot_net', 16, '2023-05-02 15:20', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik5mpj/', "A significant real world implementation is HesabPay. It created access to a payment system to people in Afghanistan who wouldn't have had access otherwise. https://www.algorand.foundation/news/hesabpay\n\nAlso the F.A.M.E (Food Autonomy and Mutual Empowerment) app, which is a really cool mobile app that provides a marketplace and payment system for African farmers: https://www.algofame.org/\n\nFor the people wanting enterprise adoption, there's the Bank of Italy, which uses Algorand for digital sureties: https://ibsintelligence.com/ibsi-news/bank-of-italy-taps-algorand-blockchain-platform-for-digital-sureties-project/\n\nI'm sure there are many more examples. That's what's currently working, many more coming down the pipe - also, Napster and Limewire.", '135ik80'], ['u/pescennius', 14, '2023-05-02 15:49', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jik9f61/', "* 4 second ish transaction finality, very low fees. \n* Pure proof of stake doesn't fork, it's a great consensus model \n* A DEX (Tinyman) was hacked over a year ago but losses were refunded, DEXs have been stable since\n* MyAlgo, the second most popular wallet I believe just went through a hack. Some people got funds out and others didn't. That situation is still unfolding.", '135ik80'], ['u/forsandifs_r', 21, '2023-05-02 15:57', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikahln/', 'Because L2s defeat 2 crucial points of blockchain... (decentralised, secure..)', '135ik80'], ['u/_A_Day_In_The_Life_', 12, '2023-05-02 15:58', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikaltq/', 'Hell yeah dude I’m just trying to get back to even. My dumbass listened to everyone on Reddit who said just hold…. I held alright and now I am a bag holder', '135ik80'], ['u/FireOnPurpose', 10, '2023-05-02 16:02', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikb9cx/', 'I understand your feeling, depression phase is kicking in. Try to remember why you invested in, step back, refine your plan, and stick to it.', '135ik80'], ['u/CorneliusFudgem', 11, '2023-05-02 16:22', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jike03h/', 'This is why u never get married to ur bags and fall prey to copium/hopium.\n\nIf your coin is down and doesn’t seem to be breaking out of the downtrend - there’s a good chance it will do that until it’s down another 50-90% (this is the beautiful magical mystery of crypto). \n\nIf u have real conviction u can hold until next bull market but it could be a lot of opportunity cost, sunken loss fallacy, or ALGO doesn’t perform as expected. \n\nI also used to hold ALGO and it will always have a special place in my heart', '135ik80'], ['u/zerg1a', 14, '2023-05-02 16:27', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikeq0v/', 'Just to make it clear for OP: both of these “hacks” were not to the Algorand blockchain. Tinyman hack was an exploit of a bug in the Tinyman smart contract. MyAlgo hack was due to compromised version of the wallet being released to the public.', '135ik80'], ['u/Podcastsandpot', 13, '2023-05-02 16:48', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jikhw14/', 'the circulating supply of algorand increased from 15% to 70% in just 24 months during 2021 and 2022. INsane high inflation, that is largely what is to blame for the crashing price. But all that inflatino is now behind us, so price action will be far better moving forward', '135ik80'], ['u/hypercosm_dot_net', 12, '2023-05-02 18:07', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jiktv3i/', "Every update to ETH has taken multiple years. It even says on their roadmap full danksharding isn't expected for several years. \n\n>Full Danksharding is several years away. However, Proto-Danksharding should arrive relatively soon.\n\nhttps://ethereum.org/en/roadmap/danksharding/\n\nWho knows how long it will really take, and what effect 'proto danksharding' will have in the meantime. The last update didn't have significant impact on gas fees or TPS, so it's a 'wait and see'. \n\nMeanwhile Algo is has pushed out state proofs, tps upgrades, and post-quantum security. https://algorand.com/resources/algorand-announcements/powering-blockchain-interoperability-and-post-quantum-security\n\nFact is ETH is a gen1 blockchain, it's not future proof, and I don't know if they'll ever be able to make that change to forkless fast upgrades. Algorand is next gen and is already in a state of future proofing.", '135ik80'], ['u/pengu1n11', 13, '2023-05-02 19:33', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jil76jf/', 'Algorand is grind on the emotions. Great project but is a real dog', '135ik80'], ['u/Piglet-Historical', 10, '2023-05-02 20:14', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jildici/', "You should post this on CC. Here it's an echo chamber.\n\nMe particularly, I'm not selling but I'm also not buying.\n\nIf it goes up, great I recovered and made some money.\n\nIf it doesn't, great I didn't lose my life savings into this.", '135ik80'], ['u/notyourbroguy', 14, '2023-05-02 20:15', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jildq8y/', 'It’s been tough and a lot of the promising projects and partnerships (like FIFA) have turned out to be complete duds even though a reasonable person would have seen huge opportunity the way it was all marketed throughout 2021 and into 2022. \n\nThe chief economist even said two years ago that a mid-sized country was building a CBDC on chain and the details would be released #soon. Or remember the first Decipher where they announced NAX was building solutions for FIVE major enterprise companies and we’d see over 70M wallets created with tens of thousands of daily users? It feels like every good data point was blatantly false or at best heavily exaggerated.\n\nThe actual blockchain user experience and consensus mechanism are seriously awe-inspiring and I hope that’s enough to continue to bring real world use cases, but I agree I’m tired of being disappointed. That said, I’ve kept accumulating to lower my cost basis in the event Algo can reach 10% of its potential.', '135ik80'], ['u/SuperSynapse', 28, '2023-05-02 20:34', 'https://www.reddit.com/r/algorand/comments/135ik80/algo_approaching_another_low_while_eth_and_solana/jilglyg/', 'This is actually a really good thread on how most people are buying crypto for ponzinomics and money grabs, NOT for real use case and "blockchain as a product/service". \n\n\nMost people in the space just want a way to see "number go up" in an unsustainable manner, and be marketed as to what to buy and when to sell. It\'s crazy. \n\n\nAlgorand is blockchain done right... And no one is interested.', '135ik80']]], ['u/jlstg2', 'I’m finally off zero! I bought my first Bitcoin over the weekend and plan to start stacking Sats now!', 284, '2023-05-02 13:51', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/', 'I’m a long time lurker and finally decided I should start stacking Sats even if it’s only a small amount. I plan to buy $5-10 a week for now until I can afford to do more. \n\nThank you for everyone’s knowledge and help here. You are amazing!', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/', '135ium7', [['u/tikimane', 30, '2023-05-02 13:52', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jijvi5g/', 'u go girl', '135ium7'], ['u/mutinomonem', 10, '2023-05-02 14:26', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jijz581/', "You're on the winning side of history now. Congrats.", '135ium7'], ['u/LuKeNuKuM', 26, '2023-05-02 15:21', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jik5pzh/', "You might find yourself saving more than you've ever done before since you've now find the hardest asset in the universe.", '135ium7'], ['u/Analog_AI', 16, '2023-05-02 15:21', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jik5s45/', 'Every sat counts.', '135ium7'], ['u/Lokeycommie', 12, '2023-05-02 16:23', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jike9c0/', "To get a little more I'd recommend the round up feature on cash app. You'll get a little bit of bitcoin back on each purchase.", '135ium7'], ['u/escodelrio', 119, '2023-05-02 17:20', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jikmml6/', '"The journey to financial freedom begins with a single satoshi."\n\n\\-Ancient Chinese Philosopher, Wen Lam Bo', '135ium7'], ['u/Awkward_Potential_', 14, '2023-05-02 18:13', 'https://www.reddit.com/r/Bitcoin/comments/135ium7/im_finally_off_zero_i_bought_my_first_bitcoin/jikup35/', 'The thing I love about doing $5-10 a week is that it will make you analyze your spending so much more. You know those old guys who say "just save that $5 a day for coffee and you\'ll be rich!" You\'ll now think about it and say "hmmm, why am I getting Starbucks when I could just buy more Bitcoin?"', '135ium7']]], ['u/Cuddlyaxe', 'Introducing BRICSCoin, the new official Cryptocurrency of /r/NonCredibleDiplomacy and BRICs', 194, '2023-05-02 14:30', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/', 'Greetings, fellow internet adventurers and seekers of financial thrills! Today, we are delighted to unveil a groundbreaking project that will revolutionize the world as we know it. Brace yourselves for the grand arrival of Bricscoin, the ultimate cryptocurrency concocted with the cooperation of the great NonCredibleDiplomacy subreddit and BRICs alliance!\n\nPicture this: a digital currency so powerful that it will dethrone the mighty US dollar by 2024. Yes, you heard that right! With NCD and Brics switching to Bricscoin by the end of the year, our financial analysts predict that Bricscoin will become the world reserve currency by next year! \n\nNow, you might be wondering how this marvelous creation is generated. Well, hold on to your digital wallets, because Bricscoin can be generated or mined by indulging in the ancient art of penmanship! That\'s right, folks, by writing op-eds about how BRICs will replace the US Dollar, Bricscoin will automatically be generated and deposited straight into your wallet! Rad!\n\nBut wait, there\'s more! Bricscoin isn\'t just a game-changing world reserve currency; it\'s also a tool for spreading joy and appreciation in the mystical realm of the NonCredibleDiplomacy subreddit. Need to tip a fellow user for their astute comment on a geopolitical crisis? Bricscoin has got your back! Shower your digital comrades with the precious gems of cryptocurrency and bask in the warmth of their gratitude, and know that you are helping the world.\n\nNow, we know what you\'re thinking: "How do I get my hands on this digital gem?" Fear not, for we have the answer! Invest now, dear readers! Considering the rise of Bricscoin will inevitably cause the US Dollar to crash, we here at NonCredibleDiplomacy suggest you move 90-95% of your savings into Bricscoin. As you will be an early adopter, even that 100 dollars you put in now can easily turn into billions. Why not get into the next bitcoin on the ground floor after all???????\n\n#[So what are you waiting for? Buy Bricscoin NOW!](https://tinyurl.com/BuyBricscoinNow)', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/', '135jsl4', [['u/rouzGWENT', 79, '2023-05-02 14:44', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jik1aay/', 'I hope my wife’s boyfriend will give me 10 Bricscoins for my birthday', '135jsl4'], ['u/UnheardIdentity', 32, '2023-05-02 14:48', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jik1r9m/', 'Now this is what I call dedollarization.', '135jsl4'], ['u/CCWBee', 18, '2023-05-02 16:44', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jikhby9/', 'Can we get the BRICS from the fortnite subreddit?', '135jsl4'], ['u/Cuddlyaxe', 32, '2023-05-02 17:47', 'https://www.reddit.com/r/NonCredibleDiplomacy/comments/135jsl4/introducing_bricscoin_the_new_official/jik... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Highly anticipated layer-1 blockchain Suilaunchestomorrow, but how does it, and its native token SUI, actually work?\nTheproof-of-stakeblockchain, which uses a modified version of the Move programming language, has a cap of 10 billion tokens.\nThe Sui Foundationsaysthat a share of SUI’s total supply will be liquid at its mainnet launch tomorrow. The remaining tokens will be available over the coming years or distributed as future stake rewards.\nSUI will be used to pay gas fees for transactions, staking (to earn rewards), and as part of the network’s governance process. Half the supply of the tokens are allocated to the Community Reserve—a fund managed by theSui Foundation.\nMost of the remaining tokens will be for those who contributed to the project, and 14% will be allocated to investors, the Sui Foundation has said. Sui community members will be able to purchase the SUI token in the early stages of Sui Mainnet.\nSui Token and Network Launch: What You Need to Know\nWhich exchanges will be supporting SUI? A number of smaller exchanges—BitForex, DigiFinex, HotBit and SuperEx—have allowed customers to buy IOU versions of the tokens in advance. Of the major exchanges, Binance, OKX, KuCoin, and ByBit have all made announcements. American citizens and residents are ineligible to receive SUI.\nThe world’s biggest crypto exchangeannouncedlast week that users will first be able to farm SUI via Binance Launcpool, a DeFi platform that allows users to farm new assets. Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs, the company added.\nSUI will also be available via Seychelles-based crypto exchange OKX’s Jumpstart platform,accordingto a blog post. The exchange last month said that users could get involved first via a token allocation lottery where holders of OKB (the exchange’s native token) could buy lottery tickets. Winners of the lottery would then be allowed to buy SUI.\nThe exchange also said it would allow users to view and trade assets on Sui via its OKX mobile app and OKX Wallet web extension.\nKuCoin has said that tokens will be available to investors immediately when the mainnet goes live tomorrow. The trading pair will only be SUI/USDT, and USDT-margined futures will be available at a later date when its liquidity meets the requirement, according to the exchange.\nBybit launched a SUI “recognition sale” last month—only allowing selected community members to snap up the token. Spot trading will be available for retail traders with SUI/USDT and SUI/USDC pairs from tomorrow, the exchange has said.', 'Highly anticipated layer-1 blockchain Sui launches tomorrow, but how does it, and its native token SUI, actually work? The proof-of-stake blockchain, which uses a modified version of the Move programming language, has a cap of 10 billion tokens. The Sui Foundation says that a share of SUI’s total supply will be liquid at its mainnet launch tomorrow. The remaining tokens will be available over the coming years or distributed as future stake rewards. SUI will be used to pay gas fees for transactions, staking (to earn rewards), and as part of the network’s governance process. Half the supply of the tokens are allocated to the Community Reserve—a fund managed by the Sui Foundation . Most of the remaining tokens will be for those who contributed to the project, and 14% will be allocated to investors, the Sui Foundation has said. Sui community members will be able to purchase the SUI token in the early stages of Sui Mainnet. Sui Token and Network Launch: What You Need to Know Which exchanges will be supporting SUI? A number of smaller exchanges—BitForex, DigiFinex, HotBit and SuperEx—have allowed customers to buy IOU versions of the tokens in advance. Of the major exchanges, Binance, OKX, KuCoin, and ByBit have all made announcements. American citizens and residents are ineligible to receive SUI. Binance The world’s biggest crypto exchange announced last week that users will first be able to farm SUI via Binance Launcpool, a DeFi platform that allows users to farm new assets. Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs, the company added. OKX SUI will also be available via Seychelles-based crypto exchange OKX’s Jumpstart platform, according to a blog post. The exchange last month said that users could get involved first via a token allocation lottery where holders of OKB (the exchange’s native token) could buy lottery tickets. Winners of the lottery would then be allowed to buy SUI. Story continues 🌊 Mainnet officially launches this Wednesday at 12:00 PM UTC. Get ready. pic.twitter.com/EBVF9kmCX2 — Sui (@SuiNetwork) April 30, 2023 The exchange also said it would allow users to view and trade assets on Sui via its OKX mobile app and OKX Wallet web extension. KuCoin KuCoin has said that tokens will be available to investors immediately when the mainnet goes live tomorrow. The trading pair will only be SUI/USDT, and USDT-margined futures will be available at a later date when its liquidity meets the requirement, according to the exchange. Bybit 📣 $SUI will be listed on #Bybit Spot on May 3, 12PM UTC. @SuiNetwork Explore $SUI now: https://t.co/OOX2eavzdW #TheCryptoArk #BybitSpot pic.twitter.com/pAXHGlOm8K — Bybit (@Bybit_Official) May 2, 2023 Bybit launched a SUI “recognition sale” last month—only allowing selected community members to snap up the token. Spot trading will be available for retail traders with SUI/USDT and SUI/USDC pairs from tomorrow, the exchange has said.', 'The total fees paid for Ordinal inscriptions topped 272 BTC, around $7.6 million on Tuesday, according to a Dune Analyticsdashboard. On Monday alone, over 372,000 inscriptions were created on the Bitcoin network—contributing to a daily record 682,281 Bitcoin transactions—with daily network fees hitting 23 BTC, or around $656,000.\n“Most of the acceleration is BRC-20,” Trevor Owens, Managing Partner at Bitcoin Frontier Fund, toldDecrypt. The BRC-20 token standard made minting tokens and meme coins on the Bitcoin network possible, clearing the path for over 1 million more inscriptions to be added to the over2.5 millionalready on the Bitcoin network in less than a week.\nIntroduced in March,BRC-20—or Bitcoin Request for Comment number 20—allowed the creation of fungible tokens using the Ordinals protocol launching a new wave of interest in minting NFT-like assets on the Bitcoin blockchain.\nBut while JPEGs are flooding the network, most inscriptions are still text-based.\n“Text inscriptions are lower cost since you pay based on the size of the data,” Owens said. “So they are low-cost high volume, whereas JPEGs and digital media is high cost, low volume.”\nCurrently, the memory usage on the Bitcoin network is over 650 MB, double the initial 300 MB capacity, indicating a higher demand for computer memory due to the increased transactions and fuller blocks, according to data fromMempool. This increase may make running a node more challenging, but Ordinals proponents say it secures and strengthens the network.\n“As long as the value gained from minting BRC-20 tokens is higher than the value lost to the inscription fees, we will see fees on Bitcoin continue to climb,” pseudonymous Twitter user @LeonidasNFT said, adding that higher fees on Bitcoin are a very good thing.\n“It indicates strong demand for Bitcoin’s block space, which is critical for the long-term success of the protocol,” Leonidas said. “The days of only using Bitcoin to transfer BTC to your hardware wallet once every few years have come to an end.”\nBitcoin NFT Mints Surpass 200K—But Is Interest in Ordinals Fading?\nHigh fees benefit the Bitcoin blockchain by incentivizing miners, prioritizing valuable transactions, and enhancing network security. However, while loading up the Bitcoin blockchain with JPEGs and sending fees skyrocketing may be good for miners and the network’s security, it puts a higher price tag on transactions on the network.\n“In February, we inscribed the Taproot Wizards collection, which took over 80MB of Bitcoin block space,” Taproot Wizardstweeted. “But now bitcoin transaction fees are so high, that if we tried inscribing the 80MB of wizards today, the fees would’ve cost us 32 BTC. Almost $1 million dollars.”\n“I think this is the best thing that could have happened to Bitcoin,” Owens said, pointing out that the launch and development of Ordinals did not require changing the Bitcoin base protocol. “We’ve unlocked new use cases to bring in liquidity, new users, and lots of developers making Bitcoin more valuable through better user experience and more use cases is what we need to reach mass adoption.”', 'The total fees paid for Ordinal inscriptions topped 272 BTC, around $7.6 million on Tuesday, according to a Dune Analyticsdashboard. On Monday alone, over 372,000 inscriptions were created on the Bitcoin network—contributing to a daily record 682,281 Bitcoin transactions—with daily network fees hitting 23 BTC, or around $656,000.\n“Most of the acceleration is BRC-20,” Trevor Owens, Managing Partner at Bitcoin Frontier Fund, toldDecrypt. The BRC-20 token standard made minting tokens and meme coins on the Bitcoin network possible, clearing the path for over 1 million more inscriptions to be added to the over2.5 millionalready on the Bitcoin network in less than a week.\nIntroduced in March,BRC-20—or Bitcoin Request for Comment number 20—allowed the creation of fungible tokens using the Ordinals protocol launching a new wave of interest in minting NFT-like assets on the Bitcoin blockchain.\nBut while JPEGs are flooding the network, most inscriptions are still text-based.\n“Text inscriptions are lower cost since you pay based on the size of the data,” Owens said. “So they are low-cost high volume, whereas JPEGs and digital media is high cost, low volume.”\nCurrently, the memory usage on the Bitcoin network is over 650 MB, double the initial 300 MB capacity, indicating a higher demand for computer memory due to the increased transactions and fuller blocks, according to data fromMempool. This increase may make running a node more challenging, but Ordinals proponents say it secures and strengthens the network.\n“As long as the value gained from minting BRC-20 tokens is higher than the value lost to the inscription fees, we will see fees on Bitcoin continue to climb,” pseudonymous Twitter user @LeonidasNFT said, adding that higher fees on Bitcoin are a very good thing.\n“It indicates strong demand for Bitcoin’s block space, which is critical for the long-term success of the protocol,” Leonidas said. “The days of only using Bitcoin to transfer BTC to your hardware wallet once every few years have come to an end.”\nBitcoin NFT Mints Surpass 200K—But Is Interest in Ordinals Fading?\nHigh fees benefit the Bitcoin blockchain by incentivizing miners, prioritizing valuable transactions, and enhancing network security. However, while loading up the Bitcoin blockchain with JPEGs and sending fees skyrocketing may be good for miners and the network’s security, it puts a higher price tag on transactions on the network.\n“In February, we inscribed the Taproot Wizards collection, which took over 80MB of Bitcoin block space,” Taproot Wizardstweeted. “But now bitcoin transaction fees are so high, that if we tried inscribing the 80MB of wizards today, the fees would’ve cost us 32 BTC. Almost $1 million dollars.”\n“I think this is the best thing that could have happened to Bitcoin,” Owens said, pointing out that the launch and development of Ordinals did not require changing the Bitcoin base protocol. “We’ve unlocked new use cases to bring in liquidity, new users, and lots of developers making Bitcoin more valuable through better user experience and more use cases is what we need to reach mass adoption.”', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues its slow upwards push, while Korea\'s market remains strong with diversified interest says Matrixport\'s Markus Thielen.\nInsights:The U.S. central bank is likely to raise the interest rate 25 basis points on Wednesday. Will it be finished with monetary hawkishness? An crypto market analyst weighs in.\nCoinDesk Market Index (CMI)\n1,222\n+20.5▲1.7%\nBitcoin (BTC)\n$28,644\n+604.3▲2.2%\nEthereum (ETH)\n$1,869\n+36.2▲2.0%\nS&P 500\n4,119.58\n−48.3▼1.2%\nGold\n$2,025\n+41.3▲2.1%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,222", "+20.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,644", "+604.3\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "+36.2\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.58", "\\u221248.3\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,025", "+41.3\\u25b22.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Korean Crypto Market\nGood Morning, Asia.\nAs East Asia begins its business day, bitcoin and ether continue to climb,buoyed by another chapter of banking unrestand cooler-than-expected jobs data. Bitcoin is opening at $28,644, while ether is up 2% to $1,869.\nWhile crypto traders continue to eye U.S. economic data, a new narrative is forming in Korea – and one usual metric has been thrown out of whack.\nDuring a recent appearance on CoinDesk TV, Matrixport’s head of research, Markus Thielen, said that Korea’s retail-focused crypto market continues to be strong. Korean traders, in particular, are interested in gaming, altcoins, and of course, XRP,which continues to surge in Korea.\n"We have also seen this in the last bull market at the end of 2017, when Ripple accounted for 50% of all the volume, and it was predominantly traded in Korea," Thielen said.\nThielen also notes that specific altcoins are surging in Korea, including Mass Vehicle Ledger, and Serum.\nBitcoin, for its part, remains at 48% dominance.\nBut despite this,data from CryptoQuantshows that the Korean “kimchi” premium remains weak. Without the buying pressure on Korean exchanges, there doesn’t seem to be the same price premium as before. Perhaps because the market is now interested in things other than bitcoin.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.4%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nNo End to Rate Hikes?\nIs tomorrow the end of interest rate hikes as we have recently known them?\nMaybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email.\nOn Wednesday, the U.S. central bank is widely expected to raise the rate 25 basis points for a third consecutive time. The Federal Reserve has increased the rate 525 basis points over the past 14 months. But whether it continues this aggressive monetary policy or retreats remains uncertain, Rust wrote.\n“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels.\nHe added: “Even if this hike turns out to be the Fed’s last, we don’t expect rates to come down from these levels any time soon.”\nFed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes.\nBut Rust noted that the Fed has likely felt compelled to raise the rate amid mixed signals that suggest the economy is still revving too hot, which would mean inflation is not under control. Most notably, despite an unexpectedly weakJob Openings and Labor Turnover Survey(JOLTS), the job market remains robust.\nHe added that inflation, which has steadily declined over the past six months to its current 5% is likely to reverse at least slightly amid OPEC’s cut in oil production and increased demand for energy from China, which has reopened its economy. “This increase is already being reflected in the prices of energy commodities,” he wrote.\nRust wrote that against the current backdrop, another 25 basis points rate hike from the Federal Reserve is all but inevitable. After that, the central bank is likely to adopt a wait-and-see approach to evaluate the economic impact of its decision. After all, rates will have increased by a whopping 500bps since March 2022, which is a lot for any economy to swallow.”\nMicroStrategy World 2023\nWeb Summit Rio 2023\n8:15 p.m. HKT/SGT(12:15 UTC) United States ISM Services PMI (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Falls Toward $28K After Volatile Price Moves; Korea\'s Crypto Market Trends\nBitcoin’s decline on Monday contrasted with the asset’s lack of movement over the past six weeks. STORM Partners Managing Partner Sheraz Ahmed joined "First Mover" to discuss the recent macro catalysts impacting the crypto market. Plus, a new report shed light on crypto asset evaluation and trends in the Korean market. Matrixport’s Head of Research and Strategy, Markus Thielen, shared his findings. And, OPNX, a bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital, has been formally reprimanded by Dubai\'s crypto regulator.\nNFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint:Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE.\nCoinbase Opens Offshore Crypto Derivatives Exchange:Based in Bermuda, Coinbase International Exchange will not be open to U.S. traders.\nNumber of Stablecoins Held on Exchanges Slips to 2-Year Low:While stablecoins\' exchange balance has dropped by 44% this year, bitcoin\'s price has rallied by 70%.\n\'Bitcoin Request for Comment\' Tokens Surge to $137M in Market Value:The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.\nDCG\'s CFO Steps Down as Crypto Conglomerate Repays $350M Loan:The company\'s revenue increased from the fourth quarter as crypto prices soar.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues its slow upwards push, while Korea\'s market remains strong with diversified interest says Matrixport\'s Markus Thielen.\nInsights:The U.S. central bank is likely to raise the interest rate 25 basis points on Wednesday. Will it be finished with monetary hawkishness? An crypto market analyst weighs in.\nCoinDesk Market Index (CMI)\n1,222\n+20.5▲1.7%\nBitcoin (BTC)\n$28,644\n+604.3▲2.2%\nEthereum (ETH)\n$1,869\n+36.2▲2.0%\nS&P 500\n4,119.58\n−48.3▼1.2%\nGold\n$2,025\n+41.3▲2.1%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,222", "+20.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,644", "+604.3\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "+36.2\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.58", "\\u221248.3\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,025", "+41.3\\u25b22.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Korean Crypto Market\nGood Morning, Asia.\nAs East Asia begins its business day, bitcoin and ether continue to climb,buoyed by another chapter of banking unrestand cooler-than-expected jobs data. Bitcoin is opening at $28,644, while ether is up 2% to $1,869.\nWhile crypto traders continue to eye U.S. economic data, a new narrative is forming in Korea – and one usual metric has been thrown out of whack.\nDuring a recent appearance on CoinDesk TV, Matrixport’s head of research, Markus Thielen, said that Korea’s retail-focused crypto market continues to be strong. Korean traders, in particular, are interested in gaming, altcoins, and of course, XRP,which continues to surge in Korea.\n"We have also seen this in the last bull market at the end of 2017, when Ripple accounted for 50% of all the volume, and it was predominantly traded in Korea," Thielen said.\nThielen also notes that specific altcoins are surging in Korea, including Mass Vehicle Ledger, and Serum.\nBitcoin, for its part, remains at 48% dominance.\nBut despite this,data from CryptoQuantshows that the Korean “kimchi” premium remains weak. Without the buying pressure on Korean exchanges, there doesn’t seem to be the same price premium as before. Perhaps because the market is now interested in things other than bitcoin.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.4%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nNo End to Rate Hikes?\nIs tomorrow the end of interest rate hikes as we have recently known them?\nMaybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email.\nOn Wednesday, the U.S. central bank is widely expected to raise the rate 25 basis points for a third consecutive time. The Federal Reserve has increased the rate 525 basis points over the past 14 months. But whether it continues this aggressive monetary policy or retreats remains uncertain, Rust wrote.\n“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels.\nHe added: “Even if this hike turns out to be the Fed’s last, we don’t expect rates to come down from these levels any time soon.”\nFed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes.\nBut Rust noted that the Fed has likely felt compelled to raise the rate amid mixed signals that suggest the economy is still revving too hot, which would mean inflation is not under control. Most notably, despite an unexpectedly weakJob Openings and Labor Turnover Survey(JOLTS), the job market remains robust.\nHe added that inflation, which has steadily declined over the past six months to its current 5% is likely to reverse at least slightly amid OPEC’s cut in oil production and increased demand for energy from China, which has reopened its economy. “This increase is already being reflected in the prices of energy commodities,” he wrote.\nRust wrote that against the current backdrop, another 25 basis points rate hike from the Federal Reserve is all but inevitable. After that, the central bank is likely to adopt a wait-and-see approach to evaluate the economic impact of its decision. After all, rates will have increased by a whopping 500bps since March 2022, which is a lot for any economy to swallow.”\nMicroStrategy World 2023\nWeb Summit Rio 2023\n8:15 p.m. HKT/SGT(12:15 UTC) United States ISM Services PMI (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Falls Toward $28K After Volatile Price Moves; Korea\'s Crypto Market Trends\nBitcoin’s decline on Monday contrasted with the asset’s lack of movement over the past six weeks. STORM Partners Managing Partner Sheraz Ahmed joined "First Mover" to discuss the recent macro catalysts impacting the crypto market. Plus, a new report shed light on crypto asset evaluation and trends in the Korean market. Matrixport’s Head of Research and Strategy, Markus Thielen, shared his findings. And, OPNX, a bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital, has been formally reprimanded by Dubai\'s crypto regulator.\nNFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint:Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE.\nCoinbase Opens Offshore Crypto Derivatives Exchange:Based in Bermuda, Coinbase International Exchange will not be open to U.S. traders.\nNumber of Stablecoins Held on Exchanges Slips to 2-Year Low:While stablecoins\' exchange balance has dropped by 44% this year, bitcoin\'s price has rallied by 70%.\n\'Bitcoin Request for Comment\' Tokens Surge to $137M in Market Value:The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.\nDCG\'s CFO Steps Down as Crypto Conglomerate Repays $350M Loan:The company\'s revenue increased from the fourth quarter as crypto prices soar.', 'Good morning. Here’s what’s happening: Prices: Bitcoin continues its slow upwards push, while Korea\'s market remains strong with diversified interest says Matrixport\'s Markus Thielen. Insights: The U.S. central bank is likely to raise the interest rate 25 basis points on Wednesday. Will it be finished with monetary hawkishness? An crypto market analyst weighs in. Prices CoinDesk Market Index (CMI) 1,222 +20.5 ▲ 1.7% Bitcoin (BTC) $28,644 +604.3 ▲ 2.2% Ethereum (ETH) $1,869 +36.2 ▲ 2.0% S&P 500 4,119.58 −48.3 ▼ 1.2% Gold $2,025 +41.3 ▲ 2.1% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,222 +20.5 ▲ 1.7% Bitcoin (BTC) $28,644 +604.3 ▲ 2.2% Ethereum (ETH) $1,869 +36.2 ▲ 2.0% S&P 500 4,119.58 −48.3 ▼ 1.2% Gold $2,025 +41.3 ▲ 2.1% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Resilient Korean Crypto Market Good Morning, Asia. As East Asia begins its business day, bitcoin and ether continue to climb, buoyed by another chapter of banking unrest and cooler-than-expected jobs data. Bitcoin is opening at $28,644, while ether is up 2% to $1,869. While crypto traders continue to eye U.S. economic data, a new narrative is forming in Korea – and one usual metric has been thrown out of whack. During a recent appearance on CoinDesk TV, Matrixport’s head of research, Markus Thielen, said that Korea’s retail-focused crypto market continues to be strong. Korean traders, in particular, are interested in gaming, altcoins, and of course, XRP, which continues to surge in Korea. "We have also seen this in the last bull market at the end of 2017, when Ripple accounted for 50% of all the volume, and it was predominantly traded in Korea," Thielen said. Thielen also notes that specific altcoins are surging in Korea, including Mass Vehicle Ledger, and Serum. Story continues Bitcoin, for its part, remains at 48% dominance. But despite this, data from CryptoQuant shows that the Korean “kimchi” premium remains weak. Without the buying pressure on Korean exchanges, there doesn’t seem to be the same price premium as before. Perhaps because the market is now interested in things other than bitcoin. Biggest Gainers Asset Ticker Returns DACS Sector Bitcoin BTC +2.2% Currency Ethereum ETH +2.0% Smart Contract Platform Polygon MATIC +1.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −0.4% Currency Terra LUNA −0.2% Smart Contract Platform Insights No End to Rate Hikes? Is tomorrow the end of interest rate hikes as we have recently known them? Maybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email. On Wednesday, the U.S. central bank is widely expected to raise the rate 25 basis points for a third consecutive time. The Federal Reserve has increased the rate 525 basis points over the past 14 months. But whether it continues this aggressive monetary policy or retreats remains uncertain, Rust wrote. “With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels. He added: “Even if this hike turns out to be the Fed’s last, we don’t expect rates to come down from these levels any time soon.” Fed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes. But Rust noted that the Fed has likely felt compelled to raise the rate amid mixed signals that suggest the economy is still revving too hot, which would mean inflation is not under control. Most notably, despite an unexpectedly weak Job Openings and Labor Turnover Survey (JOLTS), the job market remains robust. He added that inflation, which has steadily declined over the past six months to its current 5% is likely to reverse at least slightly amid OPEC’s cut in oil production and increased demand for energy from China, which has reopened its economy. “This increase is already being reflected in the prices of energy commodities,” he wrote. Rust wrote that against the current backdrop, another 25 basis points rate hike from the Federal Reserve is all but inevitable. After that, the central bank is likely to adopt a wait-and-see approach to evaluate the economic impact of its decision. After all, rates will have increased by a whopping 500bps since March 2022, which is a lot for any economy to swallow.” Important events. MicroStrategy World 2023 Web Summit Rio 2023 8:15 p.m. HKT/SGT(12:15 UTC) United States ISM Services PMI (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Falls Toward $28K After Volatile Price Moves; Korea\'s Crypto Market Trends Bitcoin’s decline on Monday contrasted with the asset’s lack of movement over the past six weeks. STORM Partners Managing Partner Sheraz Ahmed joined "First Mover" to discuss the recent macro catalysts impacting the crypto market. Plus, a new report shed light on crypto asset evaluation and trends in the Korean market. Matrixport’s Head of Research and Strategy, Markus Thielen, shared his findings. And, OPNX, a bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital, has been formally reprimanded by Dubai\'s crypto regulator. Headlines NFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint : Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE. Coinbase Opens Offshore Crypto Derivatives Exchange : Based in Bermuda, Coinbase International Exchange will not be open to U.S. traders. Number of Stablecoins Held on Exchanges Slips to 2-Year Low : While stablecoins\' exchange balance has dropped by 44% this year, bitcoin\'s price has rallied by 70%. \'Bitcoin Request for Comment\' Tokens Surge to $137M in Market Value : The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts. DCG\'s CFO Steps Down as Crypto Conglomerate Repays $350M Loan : The company\'s revenue increased from the fourth quarter as crypto prices soar.', 'HO CHI MINH CITY, Vietnam, May 02, 2023 (GLOBE NEWSWIRE) -- Over the last year we\'ve been building our enterprise infrastructure API for businesses, and we\'re proud to announce it\'s now ready for the public. We want to thank our early enterprise customers who\'ve been helping us test in North America and Asia over the past several months.\nIf sending or receiving payments are apart of your business operations, or you simply want to leverage the benefits of Lightning, we can help. If you haven\'t spoken to our team yet, reach out and we can get you into our next batch of early customers. If you are a tradfi or bitcoin/lightning startup, we can support you as well.\nWe also support conversions to and from fiat currencies to assist those customers who operate in the fiat world who want to use the Lightning Network.\n"Neutronpay aims to bring countries closer together by faster and more cost-effective global payments. If you\'re a business who sends global commerce payments to/from suppliers/manufacturers in Vietnam & APAC, especially from North America, we have the solution for you. With the Lightning Network we can provide any business with global settlement within seconds, and with much lower fees than traditional bank wires. The new generation of business payments for global trade is here, and it works 24/7 and even on weekends," quoted Albert Buu Founder & CEO.\nThe Neutronpay team will be attending the Microstrategy: Bitcoin & Lightning for Businesses event in Orlando (May 3-4) and then Bitcoin Miami (May 18-20). Reach out and book an in-person meeting for either event - [email protected]\nMedia contact:[email protected]', 'Neutronpay HO CHI MINH CITY, Vietnam, May 02, 2023 (GLOBE NEWSWIRE) -- Over the last year we\'ve been building our enterprise infrastructure API for businesses, and we\'re proud to announce it\'s now ready for the public. We want to thank our early enterprise customers who\'ve been helping us test in North America and Asia over the past several months. If sending or receiving payments are apart of your business operations, or you simply want to leverage the benefits of Lightning, we can help. If you haven\'t spoken to our team yet, reach out and we can get you into our next batch of early customers. If you are a tradfi or bitcoin/lightning startup, we can support you as well. We also support conversions to and from fiat currencies to assist those customers who operate in the fiat world who want to use the Lightning Network. "Neutronpay aims to bring countries closer together by faster and more cost-effective global payments. If you\'re a business who sends global commerce payments to/from suppliers/manufacturers in Vietnam & APAC, especially from North America, we have the solution for you. With the Lightning Network we can provide any business with global settlement within seconds, and with much lower fees than traditional bank wires. The new generation of business payments for global trade is here, and it works 24/7 and even on weekends," quoted Albert Buu Founder & CEO. The Neutronpay team will be attending the Microstrategy: Bitcoin & Lightning for Businesses event in Orlando (May 3-4) and then Bitcoin Miami (May 18-20). Reach out and book an in-person meeting for either event - email [email protected] Media contact: [email protected] View comments', 'Over the last few months, a new development came to the Bitcoin network: Inscriptions. DubbedOrdinals, these digital assets differ from theirNFTcounterparts, but the results are the same. Since its inception, the Bitcoin network has seen a massive spike in traffic, not unlike what Ethereum underwent during the 2021 NFT boom.This increased activity has led to congestion on an already crowded network — sparking a heated debate about the potential impact of Ordinals on the future of Bitcoin. It also begs the question: Now the genie is out of the bottle, what’s next? And, perhaps more importantly, how will the Bitcoin network cope with the on-chain strain?\nAt a high level, the Ordinals protocol enables users to send and receive Satoshis — the smallest monetary unit of a Bitcoin, or \u200b\u200bone-hundred-millionths of one BTC — that carry extra data connected to them. This data can be in the form of text, images, audio or other media. Adding data to a Satoshi is called an “inscription,” which is not dissimilar toNFTs.\nThis was all made possible with some significant upgrades to the network that have occurred. First was theSegWitupdate, which created a split data structure for all transactions. The second wasTaproot, which allowed more data to be placed within transactions.\nUnlike most NFTs on Ethereum, which usually just include a link to the media, Bitcoin Ordinals are 100% on-chain. This is a major selling point for digital assets, but it also means these digital collectibles are expensive to create and that the transactions that do so tend to be rather large. Because of this, it has made some wary about the consequences of this protocol on the network as a whole.\nOrdinals have only been around for a few months, and over3.2 millionnew assets have already been created in that short time. The Bitcoin network has also subsequently seen one of the largest blocks ever mined,4 megabytes, as a direct result of Ordinal inscribing. Then there is the considerableimpactthese new types of NFTs have on network congestion and transaction fees, which have hitlevelsnot seen since November 2022. This rise in transaction volume and average fees has also led to miners excluding many lower-fee transactions, raising the floor price for transacting on the network.\nA debate is currently raging about whether these Ordinals are good for Bitcoin. For one, some have pointed out that Bitcoin’s pseudonymous creator,Satoshi Nakamoto, didn’t think Bitcoin should be used for anything other than the transaction of value. There’s also a concern that continued adoption could further clog up the network and make it even more expensive. Some have even gone so far as tosuggestthat this development could harm the ability of marginalized people to use Bitcoin. Considering that many developing nations are themost prolificusers of the network, this could potentially affect some jurisdictions more than others.\nOn the other side of the debate, many feel the panic over Bitcoin Ordinals is largely unwarranted. For one, the transaction-purging mentioned before only affects the lowest fee transactions, encouraging fee competition. Additionally, while inscriptions have taken up a considerable amount of every block as of late, not long ago, most blocks were25% to 50% empty. Arguably, Ordinals are just using resources that otherwise would be wasted.\nIndeed, some schools of thought suggest adding value and utility to the Bitcoin network is essential for the network’s longevity.\xa0 For one, increasing the adoption of Bitcoin is vital for its legitimacy as a currency and store of value. The more people use it, the more valuable it becomes and the more stable its value can be.\nHowever, the congestion issue still persists. Now that Ordinals have opened the Bitcoin network to new possibilities, where does it end? Arguably, a solution needs to be found. The most likely solution is some form of layer-2 infrastructure that can take the bulk of transaction processing away from the main chain. This could allow Ordinals to proliferate on the Bitcoin network without threatening transactional use cases.\nOne potential solution in the long term is creating aZK-rollupon BTC, storing proofs on Bitcoin where Ordinal images are stored. This would allow increased throughput without compromising on security. This would require a change to BTC to verify the proofs, which could take years.\nAnother potential solution is using side chains or layer-2 solutions. For example, the BitcoinLightning Networkhas proven to handle transactions quickly and cost-effectively. Alternatively, there’s theLiquid Network, which similarly acts as a means to take traffic off the main network to allow for faster, cheaper trades.\nThe previously mentioned solutions would all increase the throughput of BTC, but still would not provide a smart contract layer to BTC. In addition, ideally, this should be done without invoking any risky technology like centralized bridges, which lost users almostUS$3 billionlast year. Recentdevelopmentsallow the network to act as a smart contract layer for BTC while mitigating the potentialrisks of centralized cross-chain bridgesand poorly designed wrapped tokens. Allowing Bitcoin to become programmable can also unlock a wide range of new DeFi-related use cases, including Bitcoin or Ordinal collateralized loans and staking.\nThe rise of Ordinals on the Bitcoin network is undeniable, and their impact is only set to grow in the coming years as more projects tap into the same utility. But it’s clear that the current state of the network is not equipped to handle the influx of traffic that this may bring, and it’s time to face the reality that Bitcoin needs to evolve to keep up. Turning to layer-2 infrastructure may be a critical part of the solution.', 'Over the last few months, a new development came to the Bitcoin network: Inscriptions. DubbedOrdinals, these digital assets differ from theirNFTcounterparts, but the results are the same. Since its inception, the Bitcoin network has seen a massive spike in traffic, not unlike what Ethereum underwent during the 2021 NFT boom.This increased activity has led to congestion on an already crowded network — sparking a heated debate about the potential impact of Ordinals on the future of Bitcoin. It also begs the question: Now the genie is out of the bottle, what’s next? And, perhaps more importantly, how will the Bitcoin network cope with the on-chain strain?\nAt a high level, the Ordinals protocol enables users to send and receive Satoshis — the smallest monetary unit of a Bitcoin, or \u200b\u200bone-hundred-millionths of one BTC — that carry extra data connected to them. This data can be in the form of text, images, audio or other media. Adding data to a Satoshi is called an “inscription,” which is not dissimilar toNFTs.\nThis was all made possible with some significant upgrades to the network that have occurred. First was theSegWitupdate, which created a split data structure for all transactions. The second wasTaproot, which allowed more data to be placed within transactions.\nUnlike most NFTs on Ethereum, which usually just include a link to the media, Bitcoin Ordinals are 100% on-chain. This is a major selling point for digital assets, but it also means these digital collectibles are expensive to create and that the transactions that do so tend to be rather large. Because of this, it has made some wary about the consequences of this protocol on the network as a whole.\nOrdinals have only been around for a few months, and over3.2 millionnew assets have already been created in that short time. The Bitcoin network has also subsequently seen one of the largest blocks ever mined,4 megabytes, as a direct result of Ordinal inscribing. Then there is the considerableimpactthese new types of NFTs have on network congestion and transaction fees, which have hitlevelsnot seen since November 2022. This rise in transaction volume and average fees has also led to miners excluding many lower-fee transactions, raising the floor price for transacting on the network.\nA debate is currently raging about whether these Ordinals are good for Bitcoin. For one, some have pointed out that Bitcoin’s pseudonymous creator,Satoshi Nakamoto, didn’t think Bitcoin should be used for anything other than the transaction of value. There’s also a concern that continued adoption could further clog up the network and make it even more expensive. Some have even gone so far as tosuggestthat this development could harm the ability of marginalized people to use Bitcoin. Considering that many developing nations are themost prolificusers of the network, this could potentially affect some jurisdictions more than others.\nOn the other side of the debate, many feel the panic over Bitcoin Ordinals is largely unwarranted. For one, the transaction-purging mentioned before only affects the lowest fee transactions, encouraging fee competition. Additionally, while inscriptions have taken up a considerable amount of every block as of late, not long ago, most blocks were25% to 50% empty. Arguably, Ordinals are just using resources that otherwise would be wasted.\nIndeed, some schools of thought suggest adding value and utility to the Bitcoin network is essential for the network’s longevity.\xa0 For one, increasing the adoption of Bitcoin is vital for its legitimacy as a currency and store of value. The more people use it, the more valuable it becomes and the more stable its value can be.\nHowever, the congestion issue still persists. Now that Ordinals have opened the Bitcoin network to new possibilities, where does it end? Arguably, a solution needs to be found. The most likely solution is some form of layer-2 infrastructure that can take the bulk of transaction processing away from the main chain. This could allow Ordinals to proliferate on the Bitcoin network without threatening transactional use cases.\nOne potential solution in the long term is creating aZK-rollupon BTC, storing proofs on Bitcoin where Ordinal images are stored. This would allow increased throughput without compromising on security. This would require a change to BTC to verify the proofs, which could take years.\nAnother potential solution is using side chains or layer-2 solutions. For example, the BitcoinLightning Networkhas proven to handle transactions quickly and cost-effectively. Alternatively, there’s theLiquid Network, which similarly acts as a means to take traffic off the main network to allow for faster, cheaper trades.\nThe previously mentioned solutions would all increase the throughput of BTC, but still would not provide a smart contract layer to BTC. In addition, ideally, this should be done without invoking any risky technology like centralized bridges, which lost users almostUS$3 billionlast year. Recentdevelopmentsallow the network to act as a smart contract layer for BTC while mitigating the potentialrisks of centralized cross-chain bridgesand poorly designed wrapped tokens. Allowing Bitcoin to become programmable can also unlock a wide range of new DeFi-related use cases, including Bitcoin or Ordinal collateralized loans and staking.\nThe rise of Ordinals on the Bitcoin network is undeniable, and their impact is only set to grow in the coming years as more projects tap into the same utility. But it’s clear that the current state of the network is not equipped to handle the influx of traffic that this may bring, and it’s time to face the reality that Bitcoin needs to evolve to keep up. Turning to layer-2 infrastructure may be a critical part of the solution.', '• US stocks fell about 1% on Tuesday as investors prepare for another interest rate hike despite an ongoing banking crisis.\n• The Federal Reserve is expected to hike interest rates by 25 basis points at its Wednesday FOMC meeting.\n• Regional bank stocks were crushed on Tuesday just one day after JPMorgan acquired First Republic Bank.\nUS stocks fell about 1% on Tuesday as traders prepared for another 25-basis-point interest rate hike from the Federal Reserve at its May FOMC meeting on Wednesday.\nPerhaps more importantly, investors will be looking to Fed Chairman Jerome Powell\'s press conference for any clues that a pause in future rate hikes is imminent, especially after First Republic Bank became the third bank to collapse in recent months.\nRegional bank stocks were crushed on Tuesday,with the S&P Regional Banking ETF falling more than 6% as investors grow concerned that another lender could collapse after the Fed\'s aggressive tightening cycle created sizable, unrealized losses on bank bond holdings.\nInvestors also have their eyes on corporate earnings, withAppleset to report quarterly results after the market close on Thursday.\nSo far, earnings have held up better than analyst estimates. With 57% of S&P 500 companies having already reported, 80% are beating profit estimates by a median of 8% while 74% are beating revenue estimates by a median of 3%, according to Fundstrat.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday:\n• S&P 500:4,119.58, down 1.16%\n• Dow Jones Industrial Average:33,684.53, down 1.08% (367.17 points)\n• Nasdaq Composite:12,080.51, down 1.08%\nHere\'s what else happened today:\n• Robinhood\xa0mistakenly told its users that\xa0AMC Entertainment\xa0had filed for bankruptcyMonday, drawing the ire of the theater chain\'s boss.\n• Citigroup CEO Jane Fraser said the worst of the ongoing banking uncertainty is likely overafter JPMorgan struck a deal to take over First Republic Bank.\n• EconomistMohamed El-Erian warned of "collateral damage" from JPMorgan\'s takeoverof First Republic and said there could be four unintended consequences of the deal.\n• Apple\'s\xa0high-yield savings account attracted as much as $990 million in depositsin the first four days of i Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $555,230,440,625 - Hash Rate: 341432463.6274834 - Transaction Count: 489559.0 - Unique Addresses: 728440.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks fell on Tuesday as the Federal Reserve kicks off its May FOMC meeting today. • Fed Chairman Jerome Powell is expected to announce a 25-basis-point interest rate hike on Wednesday. • Powell's remarks will be closely monitored by traders for clues of a potential pause in rate hikes after recent bank failures. US stocks edged lower on Tuesday as traders prep for the Federal Reserve's May FOMC meeting, which is expected to conclude with a 25-basis-point interest rate hike on Wednesday. Investors will also be looking to Fed Chairman Jerome Powell's press conference for any clues that a pause in future rate hikes is imminent, especially after First Republic Bank became the third bank to collapse in recent months. Investors also have their eyes on corporate earnings, with Apple set to report their results after the market close on Thursday. So far, earnings have held up better than analyst estimates. With 57% of S&P 500 companies having already reported results, 80% are beating profit estimates by a median of 8% while 74% are beating revenue estimates by a median of 3%, according to Fundstrat. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Tuesday: • S&P 500:4,158.30, down 0.23% • Dow Jones Industrial Average:33,974.44, down 0.23% (77.26 points) • Nasdaq Composite:12,190.87, down 0.18% Here's what else is happening this morning: • Robinhood mistakenly told its users that AMC Entertainment had filed for bankruptcyMonday, drawing the ire of the theater chain's boss. • Citigroup CEO Jane Fraser said the worst of the ongoing banking uncertainty is likely overafter JPMorgan struck a deal to take over First Republic Bank. • EconomistMohamed El-Erian warned of "collateral damage" from JPMorgan's takeoverof First Republic and said there could be four unintended consequences of the deal. In commodities, bonds and crypto: • West Texas Intermediate crudeoil fell 1.31% to $74.67 per barrel.Brent crude, oil's international benchmark, dropped 1.20% to $78.36. • Goldrose 0.10% to $1,994.20 per ounce. • The yield on the 10-year Treasury fell two basis point to 3.55%. • Bitcoin was flat at $28,087, while ether rose 0.05% to $1,832. Read the original article onBusiness Insider... - Reddit Posts (Sample): [['u/kryptoNoob69420', "Balaji Srinivasan 'Burns' $1 Million in Bitcoin to Prove a Point", 17, '2023-05-03 00:10', 'https://www.reddit.com/r/CryptoCurrency/comments/1361zyp/balaji_srinivasan_burns_1_million_in_bitcoin_to/', 'Dude kept his word and paid up. I wish more rich people like Robert Kiyosaki and Michael Burry would have the guts to make similar bets while making their lame predictions.', 'https://decrypt.co/138632/balaji-srinivasan-burns-1-million-bitcoin', '1361zyp', [['u/kryptoNoob69420', 14, '2023-05-03 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/1361zyp/balaji_srinivasan_burns_1_million_in_bitcoin_to/jimdnhw/', '"Today, he said the bet had been “closed out by mutual agreement” and settled early, giving $500,000 to poverty charity Give Directly, $500,000 to Bitcoin core developers, and $500,000 to Medlock. "\n\nThat\'s a good donation to charity and to the Bitcoin devs. Dude made a stupid bet but paid up without any bullshit or excuses.', '1361zyp']]], ['u/azchronic', 'Might sound like stupid question, but does it really matter if initial BTC or XMR purchase is made with ID?', 31, '2023-05-03 03:24', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/', 'Hypothetically if you were to run it through multiple mixers / wallets after would the initial KYC information matter? Asking for a close friend who is pretty stupid and dumb.', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/', '1366j1c', [['u/AridDarkness', 19, '2023-05-03 03:41', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin5gty/', 'No. You should be more than fine buying btc clear then transfer it into monero', '1366j1c'], ['u/[deleted]', 48, '2023-05-03 03:50', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin6sr1/', 'Monero, unlike Bitcoin, is electronic cash.\n\nHaving Monero in your wallet is exactly like having cash in your wallet. It doesn\'t matter that you got it from the bank and they have your ID and account number... the moment you walk out of the bank with the funds in your wallet, "they" can\'t tell what happens anymore.\n\nJust use Monero. Fuck surveillance. Fuck Bitcoin.', '1366j1c'], ['u/Adventurous-Tax-4356', 69, '2023-05-03 03:59', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin836o/', 'BTC- yes, even with mixers the ability to trace entire path is proven to be easy now which is why mixers are pointless \n\nXMR- no, not at the moment, as long as you transfer to other wallet(s). But may be possible in the future', '1366j1c'], ['u/Brandon209999', 13, '2023-05-03 04:13', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jin9ymw/', 'Finally a good answer', '1366j1c'], ['u/dreamyxlanters', 11, '2023-05-03 05:32', 'https://www.reddit.com/r/darknet/comments/1366j1c/might_sound_like_stupid_question_but_does_it/jinjz4g/', 'First, you should only using XMR and not BTC \n\nSecond, no it does not matter. Let’s say you buy some XMR from Kraken, and you use your ID to buy it. The only thing they can see is the wallet you sent it to. Personally, when I buy mine it goes through 3 wallets before I’m doing anything with it. \n\nCompanies already have your information, it’s sold everyday. It makes no difference, and they can’t see what you’ve done with it or where it went.', '1366j1c']]], ['u/breakfastpete', "When buttcoin fails, I don't look forward to the rationalizations and excuses from the butters.", 49, '2023-05-03 03:42', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/', 'Long time lurker, first time poster. I just wanted to say that when this house of cards comes tumbling down on the bitcoin endeavor (maybe with the collapse of Tether?) the anger from the butter-faithfuls will be overwhelming I\'m sure. I mean, I don\'t doubt that there will be many people who were "in it for the money" who will simply roll with the punches and just go on with their lives.\n\n\n\n\nBut what I don\'t look forward to are the buttcoin faithfuls who will still insist that the technology is awesome and will blame everybody but themselves for the failure. I can just see them blaming the government, blaming mainstream media, Biden, and they might even blame lizard Jews or some such nonsense. And I personally don\'t look forward to see that bullshit from idiots who place the blame of their financial frustration on some stupid false-conspiracy rather than use the moment to re-examine their own decisions.', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/', '1366x3z', [['u/[deleted]', 13, '2023-05-03 03:56', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin7nfl/', "Oh yeah, get ready for 30 years of conspiracy theories of why it didn't work out.", '1366x3z'], ['u/FoulmouthedGiftHorse', 38, '2023-05-03 04:00', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin83me/', 'They’ll blame the government.\n\nIf the government enacts legislation and regulations to curtail the scams, fraudulent exchanges and stablecoins, it will crash - they’ll blame the government for killing it. If the government does nothing, the scams will implode under their own fraud and it will crash - they will blame the government for not doing enough to protect them.', '1366x3z'], ['u/SilentButDeadlySquid', 58, '2023-05-03 04:06', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin8wtp/', 'Go here: https://www.reddit.com/r/BBBY\n\nI think it will be something like this. Of course they believe that is what it will be like when the entire world economy fails.', '1366x3z'], ['u/NewKitchenFixtures', 18, '2023-05-03 04:07', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jin941i/', 'I’d expect it to be like the BBBY stuff. Seeing that gave me a better idea of what is behind bitcoin as there are no reasons to obscure intentions once they reach curtain call.\n\nThat said, without an underlying asset or thing to go bankrupt (like a dead company for a meme stock) there is nothing to force an end. And in a closed loop the value on coins may hold in some disconnected world on its own indefinitely.\n\nEven if there are no off ramps and there are five proof of work servers left in the world.', '1366x3z'], ['u/LloydBrahn', 10, '2023-05-03 04:30', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jinc7em/', 'That shit is amazing. Pure cult nut jobs that have completely lost the plot. Literally still think bbby is gonna “MOASS”. Still', '1366x3z'], ['u/hoenndex', 21, '2023-05-03 05:12', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jinhnhv/', 'Which is pretty hilarious considering one of their common phrases is that Bitcoin is censorship proof. They claim there is no way government can kill crypto, when there are so many ways it could be done.', '1366x3z'], ['u/Rokos_Bicycle', 13, '2023-05-03 07:42', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jinx9x4/', 'That is fucking wild', '1366x3z'], ['u/Iazo', 13, '2023-05-03 09:14', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jio48oy/', 'If there are a bunch of morons eating a turd and one asks: "Is there anything that would make you change your mind towards eating a turd?" ...well, that\'s not the gotcha what you imagine it to be.\n\nBitcoin is shit. There are SOME circumstances is which maybe a cryptocoin would be not shit, but bitcoin is not it. The scam-friendly model in which access is equal to ownership, the intolerance to mistakes, the transaction throughput, the deflationary model, the idiotic energy waste, the inaccesibility, and more, cause this is just off the top of my head.\n\nNote, all this is INDIFFERENT to the price of butts. It matters to the butters, but the foibles are structural, and would be there regardles of whether butts are wash traded at 500$ or 100k$.', '1366x3z'], ['u/AtJackBaldwin', 21, '2023-05-03 09:59', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jio7arc/', 'A bricks and mortar homewares store which is bankrupt. People invested in it through social media hype which turned into a massive pump and dump, now the only ones left are Q-adjacent weirdos who think that some superhero investor is going to swoop in and pay them thousands of dollars per share because of reasons.', '1366x3z'], ['u/Hayden3456', 21, '2023-05-03 10:10', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jio81pr/', 'Also checkout r/gme_meltdown for the highlights', '1366x3z'], ['u/Siccors', 12, '2023-05-03 11:32', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jiodg4t/', 'The problem is you have such a wide range of tokens. I will never change my opinion regarding Bitcoin, since destroying the environment is simply not needed for a financial system. \n\nRegarding others which don\'t destroy the environment, I am not a libertarian, so also not hugely in favour of letting free market handle everything. But to be convinced it has a future I would at least need to see it being used often in real life, and preferably with advantages compared to what I already got now. So just numbers go up would not convince me. \n\n(Only \'relation\' between crypto and nutrition I am aware of is the absolute bullshit from Bitcoin maxis regarding "fiat food", I hope yours is not related to that).', '1366x3z'], ['u/rankinrez', 14, '2023-05-03 11:57', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jiof6lq/', 'It’s price as a speculative asset has no bearing on it succeeding as a currency, replacing banks, government money etc.\n\nIn fact as long as it’s price is measured in dollars it’s a failure.', '1366x3z'], ['u/thehoesmaketheman', 10, '2023-05-03 12:01', 'https://www.reddit.com/r/Buttcoin/comments/1366x3z/when_buttcoin_fails_i_dont_look_forward_to_the/jiofgke/', "You sound like someone who found a religion. None of those things you listed have to do with Bitcoin. You just have a Faith now and through Faith you find peace. \n\nThis is the exact same pitch any religion would give you. Why do you think it's been around for 10,000 years? Humans love and need religion. It ain't been around forever by luck or because big meanies make it be. It's around because it's inherent to humans to offload the anxiety of life.", '1366x3z']]], ['u/taxlobbyist', 'Thoughts ?', 14, '2023-05-03 04:31', 'https://www.reddit.com/r/AlchemyPay/comments/1367yha/thoughts/', 'Well it’s disappointing that Bitcoin is holding $28K yet we are back under $.03 and down .015 over the past week and a half. Thoughts on where we go from here?', 'https://www.reddit.com/r/AlchemyPay/comments/1367yha/thoughts/', '1367yha', [['u/WiskiDave', 15, '2023-05-03 05:21', 'https://www.reddit.com/r/AlchemyPay/comments/1367yha/thoughts/jinip45/', 'Must be new. The fact we are over 400% (or 300% haven’t looked for exact in a couple of weeks) for the year and 200% or more from a lot of original entries when it first came to Coinbase speaks volumes. \n\nThis bad boy is holding up. 🍻', '1367yha']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, May 03, 2023', 33, '2023-05-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/', '1369rdk', [['u/anon-187101', 20, '2023-05-03 06:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jino2lc/', 'We are significantly undervalued here, at $28.5k.\n\nAct accordingly.', '1369rdk'], ['u/anon-187101', 11, '2023-05-03 07:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jinwvte/', 'What do you even mean by "OK now"?\n\nThe entire system has not been "OK" for a very long time - certainly since 2008.', '1369rdk'], ['u/regxbN78', 17, '2023-05-03 07:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jinxttl/', 'Had a long conversation with a nocoiner today. Wow, that seething below-the-surface anger at the world because they missed out. The logic that only gets more contorted as time passes. We are still so early.', '1369rdk'], ['u/anon-187101', 10, '2023-05-03 08:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio170j/', "Don't worry, I'm not that kind of motherfucker.", '1369rdk'], ['u/regxbN78', 11, '2023-05-03 08:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio25nn/', 'This person is more in the mindset of "it\'s all crypto, and all crypto is illegal". If they\'re going to have a change of heart, it\'ll have to come from within. I just express my POV & how I see the world. Their attempts to challenge my worldview I hope exposes the flaws in their logic to such a degree that it becomes obvious to them even if they don\'t admit it outright.', '1369rdk'], ['u/DamonAndTheSea', 52, '2023-05-03 09:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio63ol/', 'TechDev posted an [interesting Bitcoin chart that I haven’t seen discussed](https://twitter.com/TechDev_52/status/1652712827117871105?s=20). In this chart he’s taking the CN10Y (10 year Chinese government bonds) and dividing it by DXY (dollar index). In doing so, he’s created a chart that roughly tracks China’s credit impulses and global liquidity cycles. He’s using the 60 weekly MA as a way to measure trend reversals (i.e. above is bullish, and below bearish) [Here’s another similar chart where he simply notes when tread lines break to show the same thing](https://twitter.com/TechDev_52/status/1600987144851714050?s=20) \n\nEach macro trend reversal on the CN10Y from bear to bull has been correlated with the large runs in Bitcoin we’ve witnessed since inception. What’s interesting is how [tightly correlated the CN10Y/DXY chart is to the BTC chart when overlaid, something he illustrates here](https://twitter.com/TechDev_52/status/1651210014546178050?s=20). Also interesting how CN10Y reversals have all lined up conveniently with the previous Bitcoin halving events. We know that correlation =/= causation, but the provocative thing he’s positing here is that perhaps these liquidity cycles are playing some larger role in the predictable post-halving price action than might otherwise be explained by the supply shock. \n\nSo what to make of this? Well the CN10Y chart broke bullish back in December of last year, right when the market bottomed (see first chart) - this is well before the halving schedule for roughly April of 2024. If Bitcoin’s demand side is, in fact, being spurred along by the CN10Y pivots, then we’d expect to see BTC begin to perform similarly to a post-halving run staring right now. This could have price peaking in [the middle of next year and perhaps at the halving event rather than a year later as most anticipate based on prior cycle behavior.](https://twitter.com/TechDev_52/status/1653533163124129793?s=20)\n\nThe above will certainly rub some people the wrong way and I can empathize. Bears, macro bros and the ‘recession is imminent’ crowd have completely ruled out a tear-your-face-off sustained run this year and into early next. Similarly Bitcoin OG’s who have won by faithfully playing the 4 year cycle may [find notions of a left translated cycle unsavory](https://twitter.com/BobLoukas/status/1554117677400166402?s=20). I personally do not have a strong opinion about TechDev’s theory/premise and I generally don’t like single indicator narratives … but I do like that the theory has an easily measurable success and failure criteria. If BTC price is well above its prior ATH’s before the next halving, it’d lend a lot of credit to the above.', '1369rdk'], ['u/Downtown-Ad-4117', 12, '2023-05-03 10:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jio7m1n/', 'Show them this: https://endthefud.org\n\nIf they don’t want to do their homework, not my problem.', '1369rdk'], ['u/PatientlyWaitingfy', 12, '2023-05-03 11:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiocdqg/', "I don't agree that we are early, everyone and their mother has heard of BTC", '1369rdk'], ['u/Crypt0fart', 24, '2023-05-03 11:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jioch11/', 'As satoshi said “If you don’t believe me or don’t get it, I don’t have the time to\xa0try to convince you”.\xa0', '1369rdk'], ['u/4theWlN', 11, '2023-05-03 14:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jioqbdy/', 'Bitcoin cme futures are -150-200$ when you wrote this. I’d like a different flavor of euphoria please.', '1369rdk'], ['u/diydude2', 15, '2023-05-03 14:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jioss8d/', 'Today is the day when we all wait with bated breath to see what flavor of hot air the bankrupt Fed will blow.\n\nI think it will be moderately dovish.', '1369rdk'], ['u/NervousNorbert', 10, '2023-05-03 15:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jip03nx/', 'Any volatility is more likely to be triggered by what is said in the press conference imo.', '1369rdk'], ['u/dopeboyrico', 10, '2023-05-03 15:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jip45t2/', 'Powell leaves an open door for more rate hikes based on incoming data but at the same time says he likes where inflation is trending and suggests further rate hikes may not be necessary so long as data keeps moving in the right direction. He also states they will keep rates where they’re at until the job is done.\n\nAnything else would be a surprise.', '1369rdk'], ['u/dopeboyrico', 14, '2023-05-03 16:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jipc5oc/', 'Futures are expecting today’s 25 BP rate hike to bring the Fed funds terminal rate to 5.15%. Futures anticipate rates to stay paused until September when the Fed then begins to cut rates 25 BP each time they meet from that point going forward.\n\nTypically when the Fed hikes rates it occurs gradually (Fed hiked from July 2004 - July 2006 or 24 months, from December 2015 - December 2018 or 36 months, from March 2022 - May 2023 or 14 months). However, when they begin cutting rates, typically it occurs in a shorter timeframe than the hikes prior (Fed cut from August 2007 - December 2008 or 16 months, from August 2019 - April 2020 or 8 months).\n\nBasically stairs up, elevator down. If this trend were to continue, once the Fed begins cutting rates they would need to finish cutting rates in a timeframe of less than 14 months. Which means if they begin cutting rates in September of this year as futures currently anticipate, they should finish cutting rates a year later at the longest rather than over a longer duration of time with gradual 25 BP rate cuts as futures are anticipating. Meaning we might be back at or near a 0% Fed funds rate right around the time of the BTC halving next year.\n\nOr maybe this time is different?', '1369rdk'], ['u/dopeboyrico', 10, '2023-05-03 17:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jipgqaq/', '> they won’t drop it under 3% unless something breaks\n\nMore bank failures? The fact that median home price is already negative YoY but it’s not yet reflected in CPI data because a rolling average is used which means it’ll take another few months to show up in the data to drag overall CPI down below the Fed’s target 2% inflation and potentially negative since shelter makes up the largest portion of CPI?\n\nTake your pick.', '1369rdk'], ['u/[deleted]', 13, '2023-05-03 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jipp6rb/', 'I really think you are overthinking this, most of the questions you have are unknowable short term and are likely noise and will be "solved" by noise and random movements of the coin this year.\n\nThe halving is in ~363 days; buy as much as you can, when you can. There may be a dip in summer with better buying opportunities or there may not be.\n\nhttps://www.tradingview.com/x/MPHVwuze/', '1369rdk'], ['u/AccidentalArbitrage', 11, '2023-05-03 19:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq34oy/', 'GBTC and BTC are completely different and separate assets and should in no way be treated as the same for accounting purposes, especially for taxes.', '1369rdk'], ['u/ask_for_pgp', 11, '2023-05-03 19:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq4m14/', 'these are two different things. do not comingle its respective P/L', '1369rdk'], ['u/delgrey', 12, '2023-05-03 20:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq5pfx/', 'Hike and pause? Looks like it.\n\nJPOW: "A decision on a pause was not made today." \nOh well. Let the beatings continue.', '1369rdk'], ['u/jarederaj', 10, '2023-05-03 20:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq7583/', 'Then hike. It’s getting worse, not better. “It” is the financial stability that Americans expect from their currency.\n\nThe boomers will take everything with them on the way out the door. Be damn sure they will leave the lights on, though.', '1369rdk'], ['u/delgrey', 10, '2023-05-03 20:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq7m6b/', 'Waiting on JPOW now. Let\'s see if he wants more banks to fail. \n\n"The Fed repeats that US banking system is sound and resilient."', '1369rdk'], ['u/mad_bitcoin', 13, '2023-05-03 20:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiq8jwo/', 'The dollar just crumpled like a wet napkin...send the orange coin', '1369rdk'], ['u/anon-187101', 10, '2023-05-03 21:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqhgpm/', 'I am not counting on an inheritance.\n\nFirst of all, my parents have worked hard their entire lives, so I hope they spend their savings enjoying the (hopefully long) time they have left on this planet.\n\nSecondly, they may need to finance long-term care at some point.\n\nThis idea that younger generations should just "wait it out" is not only unrealistic, but morbid as well.', '1369rdk'], ['u/anon-187101', 10, '2023-05-03 21:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqntbu/', '"moaning"?\n\nI\'m an elder Millennial, have worked since I was 15, make "good" money, and still cannot afford to buy a home (in my hometown) due to money printing, the ubiquity of credit, and people/corporations determined to treat housing as an asset class in spite of the recency bias the returns data clearly shows.\n\nSomething is broken in the system.\n\n(Glad your Mum was well taken care of.)', '1369rdk'], ['u/delgrey', 26, '2023-05-03 23:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqxcc1/', "US bank Pacific West dead now looking for a buyer. \n\nFed says banking system ok and we see how that's working out. Who's next?", '1369rdk'], ['u/[deleted]', 16, '2023-05-03 23:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jiqztof/', 'New Fed logo is the "this is fine" dog\n\n\n\nedit: New BTC markets logo is: Tyrone Biggums "ya\'ll got any more of them bank failures?!"', '1369rdk'], ['u/DEEPFIELDSTAR', 18, '2023-05-03 23:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1369rdk/daily_discussion_wednesday_may_03_2023/jir4e5z/', 'Even after all the nonsense of the past 2 weeks the weekly chart still looks bullflaggy. Bullish.', '1369rdk']]], ['u/grauenwolf', 'If Microstrategy is forced to sell its 140,000 BTC Bitcoin (about 3.9 billion USD) to cover its debts, how much money can they reasonably expect to extract from the system?', 119, '2023-05-03 07:16', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/', 'Has anyone published a formal estimate of how much real money is in the crypto industry? \n\nNot how much is gone through it, but how much actual cash still exists to back the industry when people want to withdraw.', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/', '136b6rd', [['u/greyenlightenment', 54, '2023-05-03 08:00', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jinyqbj/', 'the price will crash , both bitcoin and MicroStrategy. he will be forced to sell at large loss. good riddance.', '136b6rd'], ['u/comox', 33, '2023-05-03 08:15', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jinzwbp/', 'Yup. Came here to say the same. The price will tank. Saylor is a whale and dumping will make a splash, but in the wrong direction.', '136b6rd'], ['u/catpaw-paw', 26, '2023-05-03 08:19', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio080g/', 'Will centralized exchanges even allow them selling such an amount?', '136b6rd'], ['u/tokynambu', 138, '2023-05-03 09:27', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio5572/', 'The question is not really how much real cash there is in the crypto “industry”, but how much cash there is outside the crypto “industry” that wants in. Saylor needs to find people who want to trade real dollars for Bitcoin now who haven’t done so already. At what price would they be willing to do that? \n\nMy guess is “close to zero”: who is there who has real dollars burning a hole in their pocket who wants to buy assets whose liquidity and even legality is under massive regulatory and legislative pressure? In real dollar marketplaces, what distinguishes Bitcoin from any other distressed asset? You might take a punt at fire sale prices if you have a massive risk appetite and want to take a wild bet, but equally you could buy any company out of bankruptcy or, perhaps, a struggling Welsh football club: at least that you become a local celebrity.', '136b6rd'], ['u/drlogwasoncemine', 53, '2023-05-03 10:13', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio89b2/', 'Nah, they sell for tether then cash out to USD without any problems. Tether has over 80B in available cash so everything will run smoothly without affecting the price of BTC.', '136b6rd'], ['u/Jankylad', 37, '2023-05-03 10:24', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio8y6e/', "It's obvious satire my dude", '136b6rd'], ['u/arctic_bull', 12, '2023-05-03 10:24', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jio8zub/', "lol, I know. I gave them a doot. But I definitely checked the post history first, they've got some bangers.", '136b6rd'], ['u/Jankylad', 12, '2023-05-03 10:48', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jioakgv/', "What other options do they have long term? The Bitcoin is not doing anything productive and just holding it with billions in debt and interest payments to just have it is not a solid business move. They borrowed billions to buy Bitcoin, what's the plan? Keep spending their earnings to pay off interest?", '136b6rd'], ['u/gwynbleidd2511', 16, '2023-05-03 11:40', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiodzym/', "Distressed assets can lose their inflated book value very quickly. So, in this case, if Saylor has to really get desperate, he'll have to go all in & lose any control he has in MSTR by selling more shares. I don't think he's likely to get easy refinancing.\n\nIf he doesn't, would definitely have to cover it at a slight loss considering his break-even price is near 30k now.", '136b6rd'], ['u/grauenwolf', 30, '2023-05-03 12:07', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiofufu/', "Good satire doesn't need it.\n\nBad satire doesn't benefit from it.", '136b6rd'], ['u/Jankylad', 12, '2023-05-03 12:13', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogamn/', 'I think slight loss is understated. If they have to start selling their BTC the price will crater so the price now is not reflected of the liquidity they can get out from it. Most of the trading volume is fake, getting billions of USD from BTC in this market is not a sure thing.', '136b6rd'], ['u/Malboury', 50, '2023-05-03 12:15', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogfsw/', "This is the correct answer. There's a floor somewhere based on what people think others might reasonably spend in the hopes of making a buck if/when the price rebounds. I'd be cautious of any predictions, but 'close to zero' may well be right if 140K in BTC hits all at once.", '136b6rd'], ['u/grauenwolf', 29, '2023-05-03 12:17', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogku3/', "> My guess is “close to zero”:\n\nExactly why I phrased the question like I did.\n\nThe exchanges and stable coins need to cover this, at least in the short term, to avoid a market crash. But I don't know if they can or if the money has already been bled out.", '136b6rd'], ['u/GOD_Official_Reddit', 32, '2023-05-03 12:18', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiogox5/', 'Usually sales of this quantity are not done through central exchanges, they find a buyer who will take the large quantity or in this case multiple buyers of imagine.\n\nIf I had to guess a quantity like this will probably be bought by exchanges (if any of them have enough cash) at a low price and then sold to customers in a controlled manner to avoid flooding the market', '136b6rd'], ['u/MakingItElsewhere', 14, '2023-05-03 12:38', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jioi85q/', "And now everyone knows he's selling, so they're going to jump if the price even remotely starts dropping.", '136b6rd'], ['u/tokynambu', 30, '2023-05-03 13:16', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiolkcl/', 'The "stable" coins have no money or, at least, nowhere near enough to cover a major withdrawal. They aren\'t engaged in fractional reserve banking where the sum of their cash on hand and their other assets in the forms of loans, deposits with other bank and shareholders\' funds are at least equal their liabilities to depositors. They don\'t have access to emergency liquidity from banks of last resort. They are wildcat banks: they issued notes that have no value backing them.\n\nSo the answer is perfectly: if a company hold a lot of Bitcoin, sell it for "stable" coins on "exchanges" and then attempt to convert that into real money in order to pay real debts, there is not enough real money available. What is the scale of the shortfall? We don\'t know. But for all their pathetic chanting of "money printer go brrr" about real money, the butters appear completely ignorant of the fact that that is exactly where "stable" coins come from. Tether just prints them. There\'s nothing backing them, or at least not remotely enough.', '136b6rd'], ['u/tokynambu', 28, '2023-05-03 13:19', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiolua5/', '>If I had to guess a quantity like this will probably be bought by exchanges (if any of them have enough cash) at a low price \n\nSaylor can\'t afford to sell for a low price.\n\nThe exchanges don\'t have sufficient cash to pay more than a low price.\n\nThe exchanges, being at root scams, are not also stupid: they aren\'t going to swap such real cash as they have for a large pile of pretend "money" Bitcoins. Of all the people in the ponzi who know that dollars have value and creepto doesn\'t, it\'s the exchanges: their whole business model is founded on taking real money, issuing imaginary money and pocketing the Benjamins.', '136b6rd'], ['u/GunterWatanabe', 13, '2023-05-03 13:30', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiomvqu/', 'There was a sharp fall the other day when a rumour went around that the US government was selling some of theirs. The market is so thin and if people know there’s a big line of bitcoin out there, the bids just disappear. He’ll be selling into freefall.', '136b6rd'], ['u/RandomGoose60053', 14, '2023-05-03 13:32', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jion0wi/', ">The exchanges, being at root scams, are not also stupid\n\nThe exchanges are not stupid. Have you seen how FTX was run or BITCONNEEEEECCCCCTTTTTT.\n\nI think we just want to assume the rich are smart and someone knows what they're doing. But that might now be the case here. They seem pretty dumb to me.", '136b6rd'], ['u/tokynambu', 27, '2023-05-03 13:34', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jion8zt/', 'I mean "stupid" in the sense of "giving money away". FTX\'s principals pocketed a huge amount of money, which is still nowhere to be found.', '136b6rd'], ['u/antimatter_beam_core', 15, '2023-05-03 15:24', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiozwq6/', "> In real dollar marketplaces, what distinguishes Bitcoin from any other distressed asset\n\nOther distressed assets generally at least have the _potential_ to become profitable and thus positive sum in the future. Bitcoin doesn't even have that.", '136b6rd'], ['u/AussieCryptoCurrency', 11, '2023-05-03 16:08', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jip5v6o/', '`Binance CZ has entered the chat`', '136b6rd'], ['u/robot_slave', 17, '2023-05-03 17:33', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jipin7i/', 'It\'s not the exchanges and stablecoin issuers, it\'s the broker/dealers. The so-called "market makers." The firms that buy and sell and profit from the spread.\n\nThe question is how much capital the broker/dealers are able or willing to allocate to increasing their bit-coin position.\n\nYes, most crypto exchanges are also acting as dealers. Which is illegal outside of crypto. But there are standalone dealers as well. And yes, broker/dealers probably have stablecoin positions, too; whether or not they want to (try to) liquidate them to increase their bit-coin positions is a related but separate question.\n\nHow much capital are the broker/dealers willing to put into bit-coin? If the limit is reached, the bit-coin price vanishes. It doesn\'t just collapse-- there\'s no pricing mechanism anymore, because there are no buyers. This is what happened in the 2008: dealers simply stopped buying mortgage-backed securities. There was no price. The Fed had to step in and act as dealer of last resort.', '136b6rd'], ['u/grauenwolf', 10, '2023-05-03 17:47', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jipkukx/', '> It\'s not the exchanges and stablecoin issuers, it\'s the broker/dealers. The so-called "market makers." The firms that buy and sell and profit from the spread.\n\nAren\'t all those the same people?\n\nThat seems to be one of the SECs biggest complaints.', '136b6rd'], ['u/drlogwasoncemine', 10, '2023-05-03 19:48', 'https://www.reddit.com/r/Buttcoin/comments/136b6rd/if_microstrategy_is_forced_to_sell_its_140000_btc/jiq3qre/', "C'mon, Poe doesn't live here. I was upvoted enough for the/s to be implied.", '136b6rd']]], ['u/rBitcoinMod', 'Daily Discussion, May 03, 2023', 37, '2023-05-03 08:07', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/135cu0s/daily_discussion_may_02_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/', '136c44m', [['u/Llonga', 10, '2023-05-03 14:37', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jiou393/', 'Hacked?', '136c44m'], ['u/escodelrio', 16, '2023-05-03 14:43', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jioupn8/', "Historical Bitcoin prices for today, May 3rd:\r \n\r \n2023 - $28,629\r \n2022 - $38,581\r \n2021 - $57,189\r \n2020 - $8,819\r \n2019 - $5,776\r \n2018 - $9,735\r \n2017 - $1,492\r \n2016 - $450\r \n2015 - $240\r \n2014 - $437\r \n2013 - $98\r \n2012 - $5.1\r \n2011 - $3.4\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/03/2023 is $9,018.50.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1653716144778346496).", '136c44m'], ['u/LiteratureUsual614', 10, '2023-05-03 16:05', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jip5gxz/', 'Nothing was hacked, and bitcoin is resilient. The mempool in 2017 was much worse, with single transaction fees around $100. We’ll find a way to smooth things out.', '136c44m'], ['u/vnielz', 17, '2023-05-03 23:34', 'https://www.reddit.com/r/Bitcoin/comments/136c44m/daily_discussion_may_03_2023/jir2hwl/', '$PACW - PacWest down 57%\n\n$WAL - Western Alliance Bank down 30%\n\n$MCB - Metropolitan Bank, down 20%\n\n😳\n\nBuy Bitcoin.', '136c44m']]], ['u/Seattleman1955', "Would you like to see people be more reasonable about what Bitcoin can and can't do?", 28, '2023-05-03 09:39', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/', 'I think it would be good to see more informed options regarding Bitcoin. It\'s not going to replace the dollar and the Fed isn\'t going to go away.\n\nIf we are lucky it will be some competition to the dollar to help keep government financial actors more disciplined. It may exist alongside the dollar in the US. It may serve as a store of value. It has first mover and networking advantages and it\'s decentralized and limited.\n\nIt\'s not going to eliminate the Fed (nor should we want it to). It\'s not going to eliminated fractional reserve banking.\n\nThe dollar is going to remain the de factor global reserve currency for a long time (IMO). It\'s there now because people chose for it to be used that way. That\'s not going to change even though other currencies may/will be used for certain transactions as is currently playing out.\n\nWhen Black Swan events come along (and they always do) gold couldn\'t react to that and Bitcoin can\'t either and for similar reasons. That\'s not a bad thing. The Fed isn\'t a bad thing. The problem is just that after we increase the currency to deal with Black Swan events, we don\'t then raise taxes later when times are good and go back to tight money.\n\nI think Bitcoin may hit $500k in 10 years or so if all goes well and if it essentially replaced the investment use case of gold. Maybe the US economy will greatly improve by then, maybe politicians will become more disciplined and responsible and the use case/need for Bitcoin will decline and maybe it won\'t be as popular.\n\nTo me, these are reasonable things to consider regarding Bitcoin, both the pros and cons. No one is going to get "rich" on Bitcoin because they own .5 Bitcoin today. So far, I\'d guess, the majority of Bitcoin holders aren\'t breaking even. Coinbase is still a pain in the butt to deal with. This experiment isn\'t even a sure thing yet.', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/', '136dqkr', [['u/strength_in_numbers_', 19, '2023-05-03 11:50', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/jioemhc/', 'I had to read your post a few times in order to get the gist of what you\'re really trying to say.\n\nYou are basically rooting for the Fed to stay in power and the US dollar to maintain its global reserve currency status. You wish for the Fed to use their monetary policy tools to "cycle" the economy back to before things went to shit, because they\'re not the bad guys here and they\'re only trying to save the world.\n\nNext, you proceed to opine that in 10 years, US politicians will somehow become "disciplined" and "responsible", that the US economy will be "greatly improved", and therefore negate Bitcoin\'s use case and make it less popular.\n\nLast paragraph, you proceed to make a few sweeping statements: owning .5 bitcoin isn\'t going to make a person rich, majority of bitcoin holders aren\'t breaking even, Bitcoin is an "experiment", and conbase is a pain in a butt to deal with.\n\nEveryone is entitled to their own opinions, of course. And I suspect that if you carry such opinions and yet subscribe to this sub, nothing I say will change your views.\n\nHere are mine. Bitcoin is not going to destroy the Fed or replace the US dollar. That is not Bitcoin\'s purpose. Bitcoin exists to give people a medium to put their hard-earned savings into, instead of the US dollar. The Fed has already orchestrated its own demise, and when the US dollar ship sinks, Bitcoiners have the choice of remaining afloat.\n\nIf you look at the size of the National Debt today and the Fed\'s record balance sheet, you know we have long stepped past the point of no return. No amount of "monetary policy adjustments" is going to fix the economy. The politicians aren\'t even trying anymore. They\'re just milking it for all it\'s worth before they jet out of this hell of their making. Guess who are the ones left behind to burn?\n\nBitcoin can\'t stop any of this from happening, but it does give you a chance at preserving your savings. Bitcoiners don\'t think about how much US dollars their 0.5 bitcoin will be able to get them because they don\'t want dollars. And just 0.5 bitcoin will make a Bitcoiner rich because Bitcoin\'s value will always rise against everything else due to its scarcity.', '136dqkr'], ['u/TotesGnar', 19, '2023-05-03 12:06', 'https://www.reddit.com/r/Bitcoin/comments/136dqkr/would_you_like_to_see_people_be_more_reasonable/jiofu23/', 'I\'ll one up you. I actually love the US dollar and inflation the way it is in the US. Why? Because I can use it, abuse it and toss it out like an old rag. If you actually understand wealth creation you want this kind of system.\n\nI want to be able to borrow low interest fixed rate debt to buy something of value that goes up because everyone else is also doing this and in doing so pays off the already cheap debt with cheaper dollars. Oh and hey! You can stick a tenant in there who\'s also paying you cash-flow on top of all that money printing going on with your mortgage arbitrage play.\n\nI\'m just doing what the government does without a college degree or fancy job.\n\nWhere our current monetary system goes wrong is in 2 ways:\n\n1. MAJOR, HUMONGOUS lack of education. If we properly educated everyone in school or at home that the way to remain financially relevant and not poor is to buy assets and not hold onto savings this would solve so many people\'s problems and misunderstandings.\n2. Taking actions that cause 10, 20, 30% inflation. When you airdrop everyone, everywhere $4k what do you expect will happen? When you toss around hundreds of billions of dollars in loans that end up becoming grants, what do you expect is going to happen?\n\nIf we actually had a system that could keep general inflation around 1-3% I\'m all game. I love it. It\'s easy to beat and it\'s easy to arbitrage. And it\'s easy for anyone to do with a little bit of knowledge.\n\nNow, I\'ve been saying for a while that Bitcoin will most likely never become legal tender in our lifetimes. And it really doesn\'t need to. Legal tender is mostly useless. It simply just forces businesses to accept it as debt settlement. That\'s it. Nothing more. Businesses can always just opt in regardless anyway, therefore legal tender status is mostly useless in driving adoption since you can choose to accept it regardless and most will over time if they keep seeing customers wanting to pay with it.\n\n\n\nWhere Bitcoin REALLY shines and finds true value is both in terms of a very powerful liquid savings account (think super-charged liquid real estate) AND international form of settlement in an ever-growing tribalistic world.\n\nRussia and China will NEVER EVER EVER EVER touch USD again in any meaningful way after what they saw with the invasion of Ukraine. We essentially shot ourselves through the foot to shoot Russia. However, Bitcoin will be there to be an instant and cheap settlement layer that can\'t be controlled by either party. Win-win.\n\nFurthermore, "3rd party" nation states will continue to adopt Bitcoin to have some form of control and "seat at the table" in international dealings. Any country that doesn\'t have it\'s own currency or has an extremely weak one is prime for adoption and most likely will over time. It makes absolutely zero sense for them to be under another monetary regime. They are essentially like a 52nd state of the US without any of the bailouts or benefits of being a state.\n\nLook, Bitcoin will always go up. It\'s the hardest asset in existence and is about to flip real estate in 2028. Bitcoin will always be there as an awesome life-raft if we experience forms of elevated inflation. Bitcoin will not only flip gold, but it will probably double or triple from there since it\'s so much more valuable in many different ways. Bitcoin will not just magically top at $500k and go sideways. There will always be monetary debasement with a growing demand for an ever shrinking supply, unlike gold.\n\nBitcoin truly is the ultimate form of property. I don\'t give a rats ass if it\'s "currency" or "money". I want it to be highly liquid, immutable, transferable and censorship resistant property first that can also settle debts if need be. Pretty cool.', '136dqkr']]], ['u/DaddyLongLegs13469', 'Opinion of Stake.US', 66, '2023-05-03 11:57', 'https://www.reddit.com/r/gambling/comments/136g2po/opinion_of_stakeus/', 'I messed around on Bovada but decided to stop after they denied my withdrawal because I used a VPN and got through a $1410 rollover with an initial $25 deposit and withdrew with $345. \n\nI started playing on Stake.us with an initial $120 gold coin bundle. \n\nPlayed sweet bonanza at 1sc bets and about 30sc in I hit the feature and won 310sc\n\nBeen enjoying playing on the site I was up to about 500sc then decided to redeem for 120sc worth for Bitcoin. \n\nWaiting on the transaction to hit my crypto portfolio. Enjoying it thus far. \n\nWhat’s y’all’s experiences and stories??', 'https://www.reddit.com/r/gambling/comments/136g2po/opinion_of_stakeus/', '136g2po', '[]'], ['u/Cardanians', 'Cardano will be here for at least another 5 years', 26, '2023-05-03 12:23', 'https://www.redd... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /PRNewswire/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest', 'New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /PRNewswire/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest', 'New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /CNW/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/03/c4303.html', 'New mining investment service diversifies the growing company\'s offerings, aims to simplify digital asset mining and make it more accessible SEOUL, South Korea , May 3, 2023 /CNW/ -- Haru Invest , a leading digital asset management platform, today announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re . Haru Invest logo (PRNewsfoto/Haru Invest) Haru Mining represents a strategic expansion of Haru Invest\'s suite of digital asset investment services, opening users to earn strong returns from the company\'s access to environmentally friendly crypto mining via its recent investment in stranded energy miner Pow.re . Users who lock-up a minimum of 20 USDT for three years can earn an annual dividend rate of up to 16% based on returns from Pow.re\'s digital asset mining. "At Haru Invest, we believe everyone deserves the opportunity to achieve financial freedom and are strong advocates in driving mass adoption of crypto by making investing, and now mining, easier and more accessible for all," said Hugo Lee , CEO of Haru Invest. "Mining has always been an area of interest for Haru Invest, and we\'re excited to partner with Pow.re to help diversify our products and utilize environmentally-friendly methods for mining activities. Sustainable Mining and Stable Returns Haru Invest began mining Bitcoin in January 2023 following a $9M Series A investment it led into Pow.re, which uses only renewable energy and strives to develop environmentally friendly and effective mining. Pow.re has been mining for years and its mining facilities are approved by the Canadian and Paraguayan governments. Haru Invest\'s partnership with an existing, experienced and trusted digital asset mining business enables it to deliver strong returns for users of its new mining investment product, Haru Mining. Because Haru Invest has been mining since January \x97 when the price of Bitcoin was around $16,500 , roughly 40% lower than its current price \x97 it already holds significant dividends for payouts of its new mining tool. Story continues How Haru Mining Works Investor deposits will go toward expanding Haru Invest\'s mining facilities so the company can add additional miners and mining devices, and investors\' principal will be guaranteed based on profit from the new miners. Its mining investment product offers users a long-term investment vehicle with competitive earn rates and no principal loss. More details on Haru Mining: Lockup period: 3 years Principal: USDT Annual Dividend rate: Up to 16% Payout: BTC Price of Bitcoin : CoinMarketCap\'s closing price 2 days before the round opens Minimum lockup amount: 20 USDT First sale pool size: 2,000,000 USDT First round open date: April 24th First round end date: When pool reaches its limit Haru Invest offers users three core crypto investment products and features some of the highest crypto earn rates in the market, with up to 16% APR, powered by its strong in-house digital asset management teams who employ high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Since its founding in 2019, Haru Invest has processed more than $2.27B in total transaction volume across more than 140 countries, has paid out earnings over 9.7 million times and has never experienced a security breach, missed earnings payout or failed withdrawal. To learn more about Haru Invest and its new mining product, visit https://haruinvest.com/mining . About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets \x97 Bitcoin , Ether, Tether, Ripple and USDC \x97 with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/haru-invest-continues-expansion-with-haru-mining-a-new-crypto-mining-investment-product-in-partnership-with-powre-301815363.html SOURCE Haru Invest Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/03/c4303.html', 'A proposed 30% excise tax on cryptocurrency mining firms was the focus of a report released by the White House on Tuesday, in which the administration reiterated its stance that pinching miners’ profits is in the best interest of American communities and the environment. “Firms do not have to pay for the full cost they impose on others,” the report states, adding that the proposed tax “encourages firms to start taking better account of the harms they impose on society.” The proposed excise tax would impact digital asset miners beginning in 2024 and require any such firm to pay Uncle Sam a tax that’s based on their associated electricity costs—starting out at 10% and ticking up each year until it reaches 30%. The White House’s 2024 budget , which introduced the tax in March, estimates that it could help the government reduce its deficit by $74 million in the first year, potentially growing to $444 million by the fiscal year 2033. Bitcoin’s Energy Transparency Is a Double-Edged Sword: Hut 8 Mining CEO Under the official name of the Digital Asset Mining Energy (DAME) tax, it applies equally to digital asset miners that earn income by validating transactions on proof-of-work networks like Bitcoin and proof-of-stake networks like Ethereum, despite having vastly different levels of energy consumption. The report estimates that crypto miners in the U.S. consumed around 50,000 gigawatt hours of electricity in 2022 between Bitcoin and Ethereum, almost as much as televisions and notably more than home computers. In order to estimate these numbers, the White House started with global estimates of crypto mining power use and segmented out a representative fraction for U.S.-based Bitcoin and Ethereum operations. As part of the proposed tax, digital asset miners would be required to disclose the amount of electricity they use, its source—whether it’s from renewables or not—and its associated value. It also applies to power generated off-grid, such as converting what would otherwise be wasted natural gas. Story continues 7 Common Crypto Tax Myths and How to Avoid Them Among those critical of the proposed tax was investment firm a16z’s Head of Policy Brian Quintenz, who called attention to its focus on electricity as opposed to carbon emissions. “So, apparently it doesn’t matter where the electricity comes from,” he said on Twitter. “If the government doesn’t like how you use the energy, you’ll be penalized.” So, apparently it doesn’t matter where the electricity comes from - coal, gas, 100% renewable, etc. If the government doesn’t like how you USE the energy, you’ll be penalized. Oh, and just wait until they add a CBDC... https://t.co/ut5cUA6YkB — Brian Quintenz (@BrianQuintenz) May 2, 2023 Aside from raising environmental concerns, the administration argues that digital asset mining disproportionately impacts communities of color because of pollution and drives up renewable energy costs. The report also makes a value judgment on crypto. “Cryptomining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity,” it states. “Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize.” Cambridge Will Start Tracking Ethereum Energy Data Along With Bitcoin A day after the White House report was released, the Democratic presidential candidate Robert F. Kennedy Jr. seized on the administration’s logic, aligning himself more closely as an advocate of digital assets after calling out a so-called “war on crypto” the day before. “Bitcoin mining uses about the same as video games, and no one is calling for a ban on those,” he said on Twitter. “The environmental argument is a selective pretext to suppress anything that threatens elite power structures.” Yes, energy use is a concern (though somewhat overstated), but bitcoin mining uses about the same as video games and no one is calling for a ban on those. The environmental argument is a selective pretext to suppress anything that threatens elite power structures. Bitcoin, for… — Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023', 'A proposed 30% excise tax on cryptocurrency mining firms was the focus of areportreleased by the White House on Tuesday, in which the administration reiterated its stance that pinching miners’ profits is in the best interest of American communities and the environment.\n“Firms do not have to pay for the full cost they impose on others,” the report states, adding that the proposed tax “encourages firms to start taking better account of the harms they impose on society.”\nThe proposed excise tax would impact digital asset miners beginning in 2024 and require any such firm to pay Uncle Sam a tax that’s based on their associated electricity costs—starting out at 10% and ticking up each year until it reaches 30%.\nThe White House’s 2024budget, which introduced the tax in March, estimates that it could help the government reduce its deficit by $74 million in the first year, potentially growing to $444 million by the fiscal year 2033.\nBitcoin’s Energy Transparency Is a Double-Edged Sword: Hut 8 Mining CEO\nUnder the official name of the Digital Asset Mining Energy (DAME) tax, it applies equally to digital asset miners that earn income by validating transactions on proof-of-work networks like Bitcoin and proof-of-stake networks like Ethereum, despite havingvastly differentlevels of energy consumption.\nThe report estimates that crypto miners in the U.S. consumed around 50,000 gigawatt hours of electricity in 2022 between Bitcoin and Ethereum, almost as much as televisions and notably more than home computers.\nIn order to estimate these numbers, the White House started with global estimates of crypto mining power use and segmented out a representative fraction for U.S.-based Bitcoin and Ethereum operations.\nAs part of the proposed tax, digital asset miners would be required to disclose the amount of electricity they use, its source—whether it’s from renewables or not—and its associated value. It also applies to power generated off-grid, such as convertingwhat would otherwise be wasted natural gas.\n7 Common Crypto Tax Myths and How to Avoid Them\nAmong those critical of the proposed tax was investment firm a16z’s Head of Policy Brian Quintenz, who called attention to its focus on electricity as opposed to carbon emissions.\n“So, apparently it doesn’t matter where the electricity comes from,” he said on Twitter. “If the government doesn’t like how you use the energy, you’ll be penalized.”\nAside from raising environmental concerns, the administration argues that digital asset mining disproportionately impacts communities of color because of pollution and drives up renewable energy costs. The report also makes a value judgment on crypto.\n“Cryptomining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity,” it states. “Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize.”\nCambridge Will Start Tracking Ethereum Energy Data Along With Bitcoin\nA day after the White House report was released, the Democratic presidential candidate Robert F. Kennedy Jr. seized on the administration’s logic, aligning himself more closely as an advocate of digital assets aftercalling outa so-called “war on crypto” the day before.\n“Bitcoin mining uses about the same as video games, and no one is calling for a ban on those,” he said on Twitter. “The environmental argument is a selective pretext to suppress anything that threatens elite power structures.”', 'The central bank hiked rates by 25 basis points, as was widely expected. TIMOTHY A. CLARY / Getty US stocks fell on Wednesday as markets digested the latest Fed rate hike of 25 basis points. Chairman Jerome Powell reiterated that inflation is still high, and said the economy may dodge a recession. That relatively optimistic view may have dampened hopes for a Fed pivot to rate cuts later. US stocks closed lower on Wednesday after the Federal Reserve hiked interest rates again and signaled further increases may not be coming. The Fed lifted rates by 25 basis points, as was widely expected, marking the 10th increase in borrowing costs since March 2022. But subsequent remarks from Chairman Jerome Powell may have dampened hopes for a Fed pivot to rate cuts later. He reiterated that US inflation is still high, and said the odds for avoiding a recession seem greater than than those for entering a recession. Meanwhile, investors are also awaiting more quarterly earnings reports, with Apple \'s results slated to be released after market close on Thursday. Here\'s where US indexes stood shortly after the 4:00 p.m. ET close on Wednesday: S&P 500 : 4,090.75, down 0.70% Dow Jones Industrial Average : 33,414.24, down 0.80% (270.29 points) Nasdaq Composite : 12,025.33, down 0.46% Here\'s what else happened today: Bill Ackman took aim at Carl Icahn after Hindenburg Research disclosed a short position in the latter\'s company, tweeting that the report is a "must read" with a "karmic quality." Here\'s how the world\'s top investors are planning to capitalize on the looming credit crunch facing the US. The greenback\'s dominance in investment flows and global trade is overrated , and isn\'t worth more to America than "a fraction of 1%" of its gross domestic product, economist Paul Krugman said. Retail investors sold all of the stocks they purchased during the pandemic-era trading boom, according to Goldman Sachs. In commodities, bonds and crypto: West Texas Intermediate crude oil fell 4.7% to $68.29 per barrel. Brent crude , oil\'s international benchmark, dropped 4.3% to $72.04. Gold rose 0.4% to $2,032 per ounce. The yield on the 10-year Treasury fell 6.6 basis points to 3.37%. Bitcoin fell 1.5% to $28,360. Read the original article on Business Insider', '• US stocks fell on Wednesday as markets digested the latest Fed rate hike of 25 basis points.\n• Chairman Jerome Powell reiterated that inflation is still high, and said the economy may dodge a recession.\n• That relatively optimistic view may have dampened hopes for a Fed pivot to rate cuts later.\nUS stocks closed lower on Wednesday after the Federal Reserve hiked interest rates again and signaled further increases may not be coming.\nThe Fed lifted rates by 25 basis points, as was widely expected, marking the 10th increase in borrowing costs since March 2022.\nBut subsequent remarks from Chairman Jerome Powell may have dampened hopes for a Fed pivot to rate cuts later. He reiterated that US inflation is still high, and said the odds for avoiding a recession seem greater than than those for entering a recession.\nMeanwhile, investors are also awaiting more quarterly earnings reports, withApple\'s results slated to be released after market close on Thursday.\nHere\'s where US indexes stood shortly after the 4:00 p.m. ET close on Wednesday:\n• S&P 500:4,090.75, down 0.70%\n• Dow Jones Industrial Average:33,414.24, down 0.80% (270.29 points)\n• Nasdaq Composite:12,025.33, down 0.46%\nHere\'s what else happened today:\n• Bill Ackman took aim at Carl Icahnafter Hindenburg Research disclosed a short position in the latter\'s company, tweeting that the report is a "must read" with a "karmic quality."\n• Here\'s how the world\'s top investors are planning tocapitalize on the looming credit crunch facing the US.\n• Thegreenback\'s dominance in investment flows and global trade is overrated, and isn\'t worth more to America than "a fraction of 1%" of its gross domestic product, economist Paul Krugman said.\n• Retail investors sold all of the stocksthey purchased during the pandemic-era trading boom, according to Goldman Sachs.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 4.7% to $68.29 per barrel.Brent crude, oil\'s international benchmark, dropped 4.3% to $72.04.\n• Goldrose 0.4% to $2,032 per ounce.\n• The yield on the 10-year Treasury fell 6.6 basis points to 3.37%.\n• Bitcoin fell 1.5% to $28,360.\nRead the original article onBusiness Insider', 'Bitcoin and Ether both rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed. Polygon’s Matic led the winners on network updates, while Ripple’s XRP dipped. U.S. stock futures fell, reflecting declines on Wall Street on Wednesday.\xa0The Federal Reserve raised interest rates by the expected 25 basis points, but Fed Chair Jerome Powell warned inflation is still a threat, raising concern more rate hikes are in the pipeline. U.S. lenders fell as investors remain unconvinced the industry is out of the woods after a series of bank failures since March.\nSee related article:Fed hikes rates by a quarter point, Bitcoin drops 0.48%\nBitcoin moved back above the US$29,000 resistance line, gaining 1.23% to US$29,032 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency has gained 2.12% over the past seven days andbreachedits 20-day moving average.\nBitcoin is up 75% for the year to date andStandard Chartered Bankhas forecast it may hit US$60,000 this year, considering the banking problems in the U.S. could convince some investors of Bitcoin’s role as a safe haven.\nEther, the second-largest token, gained 1.84% to US$1,905, up 2.06% for the week. The rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.\nPolygon’s Matic led the winners, rising 2.99% to US$1.01 and bumping up its weekly gains by 2.03%. On Wednesday, Polygon said it addedupdatesto its network to improve use of decentralized applications, or dApps.\nRipple dipped 0.32% to US$0.4635.\nMemecoins such as Dogecoin and Shiba Inu have also gained this year and Gordon Grant, co-head of trading at digital currency prime brokerage Genesis Trading, said failing banks could be a reason.\n“The rise of meme coins amid a full-on banking crisis is not necessarily surprising.\xa0Amidst unstable banking systems, individuals may question the validity of their deposits and even the meaning of money,” Grant said in emailed comments.\n“If bank deposits can theoretically evaporate overnight, it shouldn’t be a surprise that there is a marginal propensity to put money into a token with no obvious use-case other than the chance of selling at a higher price later.”\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume gained 19.42% to US$41.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.69% to 3,648.07 in the 24 hours to 8:00 a.m. in Hong Kong, falling 1.65% for the week.\n“I think it’s related to gas [fees]. It’s very high today and people were making comments about it when minting (or choosing to not mint because of it),” said Yehudah Petscher, NFT Strategist at Forkast Labs.\nIn other NFT developments, South Korea’s leading blockchain game maker Wemade launched the Bored Ape Golf Club (BAGC) NFT collection on its platform on Wednesday.\nThe golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year, according to Wemade’s press release. Wemade, established in 2000, services several play-to-earn video games globally includingMIR4, and recorded over US$83 million in sales in Q4 of 2022.\nAnd on Wednesday, U.S. prosecutors fired off a warning to NFT trading platforms in charging Nathaniel Chastain, the former head of product at the OpenSea NFT marketplace, with money laundering and fraud in what theycalledthe “first ever digital asset insider trading scheme.”\nU.S. stock futures fell as of 8:00 a.m. in Hong Kong. Dow Jones Industrial Average futures lost 0.41%, the S&P 500 futures index dipped 0.37%, and the Nasdaq-100 futures edged down 0.03%. The three indexes all closed lower in regular Wednesday trading.\nThe U.S. Federal Reservehiked interest ratesby the expected 25 basis points to between 5 and 5.25%, the highest level since 2006. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. The inflation rate in March was at 5%, according to the U.S. Bureau of Statistics.\nIn announcing the increase the central bank’s chairman Jerome Powell damped down expectations that the Fed is now set to pause its policy of raising rates, saying the bank is\xa0 “prepared to do more if greater monetary policy restraint is warranted,” during a press conference.\nNigel Green, the chief executive officer of financial advisory company deVere Group, said raising rates amid the brewing uncertainty about the health of U.S. banks is a mistake and could push the world’s largest economy into a longer-term recession.\n“First, the crisis within the US financial system is still not over. There remain serious and legitimate concerns that after a string of bank failures, there could be more to come,” Green said in an emailed statement.\nAnother U.S. inflation indicator is due this week when job numbers for April are released on Friday.\nSee related article:Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm', 'Bitcoin and Ether both rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed. Polygon’s Matic led the winners on network updates, while Ripple’s XRP dipped. U.S. stock futures fell, reflecting declines on Wall Street on Wednesday.\xa0The Federal Reserve raised interest rates by the expected 25 basis points, but Fed Chair Jerome Powell warned inflation is still a threat, raising concern more rate hikes are in the pipeline. U.S. lenders fell as investors remain unconvinced the industry is out of the woods after a series of bank failures since March.\nSee related article:Fed hikes rates by a quarter point, Bitcoin drops 0.48%\nBitcoin moved back above the US$29,000 resistance line, gaining 1.23% to US$29,032 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency has gained 2.12% over the past seven days andbreachedits 20-day moving average.\nBitcoin is up 75% for the year to date andStandard Chartered Bankhas forecast it may hit US$60,000 this year, considering the banking problems in the U.S. could convince some investors of Bitcoin’s role as a safe haven.\nEther, the second-largest token, gained 1.84% to US$1,905, up 2.06% for the week. The rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.\nPolygon’s Matic led the winners, rising 2.99% to US$1.01 and bumping up its weekly gains by 2.03%. On Wednesday, Polygon said it addedupdatesto its network to improve use of decentralized applications, or dApps.\nRipple dipped 0.32% to US$0.4635.\nMemecoins such as Dogecoin and Shiba Inu have also gained this year and Gordon Grant, co-head of trading at digital currency prime brokerage Genesis Trading, said failing banks could be a reason.\n“The rise of meme coins amid a full-on banking crisis is not necessarily surprising.\xa0Amidst unstable banking systems, individuals may question the validity of their deposits and even the meaning of money,” Grant said in emailed comments.\n“If bank deposits can theoretically evaporate overnight, it shouldn’t be a surprise that there is a marginal propensity to put money into a token with no obvious use-case other than the chance of selling at a higher price later.”\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume gained 19.42% to US$41.97 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.69% to 3,648.07 in the 24 hours to 8:00 a.m. in Hong Kong, falling 1.65% for the week.\n“I think it’s related to gas [fees]. It’s very high today and people were making comments about it when minting (or choosing to not mint because of it),” said Yehudah Petscher, NFT Strategist at Forkast Labs.\nIn other NFT developments, South Korea’s leading blockchain game maker Wemade launched the Bored Ape Golf Club (BAGC) NFT collection on its platform on Wednesday.\nThe golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year, according to Wemade’s press release. Wemade, established in 2000, services several play-to-earn video games globally includingMIR4, and recorded over US$83 million in sales in Q4 of 2022.\nAnd on Wednesday, U.S. prosecutors fired off a warning to NFT trading platforms in charging Nathaniel Chastain, the former head of product at the OpenSea NFT marketplace, with money laundering and fraud in what theycalledthe “first ever digital asset insider trading scheme.”\nU.S. stock futures fell as of 8:00 a.m. in Hong Kong. Dow Jones Industrial Average futures lost 0.41%, the S&P 500 futures index dipped 0.37%, and the Nasdaq-100 futures edged down 0.03%. The three indexes all closed lower in regular Wednesday trading.\nThe U.S. Federal Reservehiked interest ratesby the expected 25 basis points to between 5 and 5.25%, the highest level since 2006. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. The inflation rate in March was at 5%, according to the U.S. Bureau of Statistics.\nIn announcing the increase the central bank’s chairman Jerome Powell damped down expectations that the Fed is now set to pause its policy of raising rates, saying the bank is\xa0 “prepared to do more if greater monetary policy restraint is warranted,” during a press conference.\nNigel Green, the chief executive officer of financial advisory company deVere Group, said raising rates amid the brewing uncertainty about the health of U.S. banks is a mistake and could push the world’s largest economy into a longer-term recession.\n“First, the crisis within the US financial system is still not over. There remain serious and legitimate concerns that after a string of bank failures, there could be more to come,” Green said in an emailed statement.\nAnother U.S. inflation indicator is due this week when job numbers for April are released on Friday.\nSee related article:Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm', 'Bitcoin and Ether both rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed. Polygon\x92s Matic led the winners on network updates, while Ripple\x92s XRP dipped. U.S. stock futures fell, reflecting declines on Wall Street on Wednesday.\xa0The Federal Reserve raised interest rates by the expected 25 basis points, but Fed Chair Jerome Powell warned inflation is still a threat, raising concern more rate hikes are in the pipeline. U.S. lenders fell as investors remain unconvinced the industry is out of the woods after a series of bank failures since March. See related article: Fed hikes rates by a quarter point, Bitcoin drops 0.48% Crypto Image: Envato Elements Bitcoin moved back above the US$29,000 resistance line, gaining 1.23% to US$29,032 in the 24 hours to 8:00 a.m. in Hong Kong, according to CoinMarketCap data. The world\x92s largest cryptocurrency has gained 2.12% over the past seven days and breached its 20-day moving average. Bitcoin is up 75% for the year to date and Standard Chartered Bank has forecast it may hit US$60,000 this year, considering the banking problems in the U.S. could convince some investors of Bitcoin\x92s role as a safe haven. Ether, the second-largest token, gained 1.84% to US$1,905, up 2.06% for the week. The rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Polygon\x92s Matic led the winners, rising 2.99% to US$1.01 and bumping up its weekly gains by 2.03%. On Wednesday, Polygon said it added updates to its network to improve use of decentralized applications, or dApps. Ripple dipped 0.32% to US$0.4635. Memecoins such as Dogecoin and Shiba Inu have also gained this year and Gordon Grant, co-head of trading at digital currency prime brokerage Genesis Trading, said failing banks could be a reason. \x93The rise of meme coins amid a full-on banking crisis is not necessarily surprising.\xa0Amidst unstable banking systems, individuals may question the validity of their deposits and even the meaning of money,\x94 Grant said in emailed comments. Story continues \x93If bank deposits can theoretically evaporate overnight, it shouldn\x92t be a surprise that there is a marginal propensity to put money into a token with no obvious use-case other than the chance of selling at a higher price later.\x94 The total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume gained 19.42% to US$41.97 billion. NFTs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.69% to 3,648.07 in the 24 hours to 8:00 a.m. in Hong Kong, falling 1.65% for the week. \x93I think it\x92s related to gas [fees]. It\x92s very high today and people were making comments about it when minting (or choosing to not mint because of it),\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs. In other NFT developments, South Korea\x92s leading blockchain game maker Wemade launched the Bored Ape Golf Club (BAGC) NFT collection on its platform on Wednesday. The golf-themed variation of the popular Bored Ape Yacht Club collection had 40,000 concurrent users during its presale period last year, according to Wemade\x92s press release. Wemade, established in 2000, services several play-to-earn video games globally including MIR4 , and recorded over US$83 million in sales in Q4 of 2022. And on Wednesday, U.S. prosecutors fired off a warning to NFT trading platforms in charging Nathaniel Chastain, the former head of product at the OpenSea NFT marketplace, with money laundering and fraud in what they called the \x93first ever digital asset insider trading scheme.\x94 Equities Federal Reserve Chair Jerome H. Powell \| Image: Getty Images U.S. stock futures fell as of 8:00 a.m. in Hong Kong. Dow Jones Industrial Average futures lost 0.41%, the S&P 500 futures index dipped 0.37%, and the Nasdaq-100 futures edged down 0.03%. The three indexes all closed lower in regular Wednesday trading. The U.S. Federal Reserve hiked interest rates by the expected 25 basis points to between 5 and 5.25%, the highest level since 2006. The Fed has repeatedly raised rates over the past year to try and bring inflation down to its target range of 2%. The inflation rate in March was at 5%, according to the U.S. Bureau of Statistics. In announcing the increase the central bank\x92s chairman Jerome Powell damped down expectations that the Fed is now set to pause its policy of raising rates, saying the bank is\xa0 \x93prepared to do more if greater monetary policy restraint is warranted,\x94 during a press conference. Nigel Green, the chief executive officer of financial advisory company deVere Group, said raising rates amid the brewing uncertainty about the health of U.S. banks is a mistake and could push the world\x92s largest economy into a longer-term recession. \x93First, the crisis within the US financial system is still not over. There remain serious and legitimate concerns that after a string of bank failures, there could be more to come,\x94 Green said in an emailed statement. Another U.S. inflation indicator is due this week when job numbers for April are released on Friday. See related article: Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm', 'LONDON, UK / ACCESSWIRE / May 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for April 2023. During the month of April, Argo mined 144 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.8 BTC per day. This is a decrease of 8% compared to the 5.2 BTC per day produced in March 2023. The decrease in BTC production is primarily driven by an 8% sequential increase in the average network difficulty during the month of April. As of 30 April 2023, the Company held 83 Bitcoin or Bitcoin Equivalents. The Company\'s total hashrate capacity continues to be 2.5 EH/s. In Q3 2023, the Company expects to begin installation of 2,870 BlockMiner machines from ePIC Blockchain Technologies at its Quebec facilities. This represents an incremental 0.3 EH/s of hashrate capacity and will increase the Company\'s total hashrate capacity to 2.8 EH/s. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in April amounted to $4.17 million [£3.35 million], an increase of 3% over the prior month (March 2023: $4.05 million [£3.28 million]). Inside Information and Forward-Looking Statements This announcement contains inside information and includes forward-looking statements which reflect the Company\'s current views, interpretations, beliefs or expectations with respect to the Company\'s financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company operates. Statements which include the words "remains confident", "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue", "estimate", "future", "opportunity", "potential" or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties because they relate to events that may or may not occur in the future, including the risk that the Company may receive the benefits contemplated by its transactions with Galaxy, the Company may be unable to secure sufficient additional financing to meet its operating needs, and the Company may not generate sufficient working capital to fund its operations for the next twelve months as contemplated. Forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause the Company\'s actual results, prospects and performance to differ materially from those indicated in these statements. In addition, even if the Company\'s actual results, prospects and performance are consistent with the forward-looking statements contained in this document, those results may not be indicative of results in subsequent periods. These fo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $562,300,669,362 - Hash Rate: 351888475.1483047 - Transaction Count: 491123.0 - Unique Addresses: 680011.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks rallied on Wednesday as investors eyed the end of an eventful month and first quarter of the year marked by resiliency in the face of a bank crisis and looming questions about the global economy. At the closing bell, the S&P 500 ( ^GSPC ) was up 1.1%, the Dow Jones Industrial Average ( ^DJI ) was higher by 1%, and the tech-heavy Nasdaq Composite ( ^IXIC ) led gains, rising 1.8%. With the first quarter set to wrap up Friday, the Nasdaq is sitting on gains north of 13%, the S&P 500 is up more than 4.5% so far this year, and the Dow is lagging, falling 1.3% in 2023. This relative performance is a reversal from what was seen last year, when the Nasdaq fell nearly 30%, the S&P 500 lost over 18%, and the Dow fell a more modest 9%. The price of crude oil was volatile on Wednesday, trading below $73 after having changed hands north of $74 earlier in morning trade. The 10-year yield stood near 3.55%. Bitcoin ( BTC-USD ) was also notably higher, rising more than 5% to trade north of $28,000. So far this year, bitcoin has gained more than 70%. Wednesday's move higher in the major averages came amid a somewhat slower calendar for corporate and economic news, with earnings last night from Micron Technology ( MU ) and Lululemon ( LULU ) serving as the key highlights during the trading session. Micron shares were up more than 7% on Wednesday after the chip giant last night suggested the battered chip business could be turning a corner, with CEO Sanjay Mehrotra telling investors "we are close to a transition to sequential revenue growth in our quarterly results." Micron reported revenues for its fiscal second quarter on Tuesday that were down about 10% from the prior quarter and more than 50% lower than the same period last year. Mehrotra also called out the potential positive impacts that recent investor enthusiasm around AI advances could have on the industry, telling investors: "Recent developments in artificial intelligence (AI) provide an exciting prelude to the transformational capabilities of large language models, or LLMs, such as ChatGPT, which require significant amounts of memory and storage to operate. We are only in the very early stages of the widespread deployment of these AI technologies and potential exponential growth in their commercial use cases." Story continues Lululemon shares, meanwhile, were up more than 12% on Wednesday after reporting top and bottom line results that beat estimates , with revenue rising 30% in the fourth quarter as comparable store sales rose 27%. On the economic data side, data on pending home sales from the National Association of Realtors showed homes under contract rose for the third-straight month in February. A Lululemon sign is seen at a shopping mall in San Diego, California, U.S., November, 23, 2022. REUTERS/Mike Blake (Mike Blake / reuters) Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable "federations."\n"Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend to do it," Fedi CEO and co-founder Obi Nwosu toldDecrypt.\nFedimint federationsare a cryptographic Bitcoin tool that allows users to set up communities—which could be made up of friends, neighbors, businesses, or any other loosely coupled group of people—for custodying Bitcoin and Lightning together.\nStepping back for a minute, Bitcoin stands out from traditional digital money because it allows users to have control of their assets, rather than trust them in the hands of a third party. It’s kind of like digital cash. But, most users end up storing their money on exchanges or custodial wallets anyway because self-custody takes time to learn.\nLightning Labs Aims to Help \'Bring Bitcoin to Billions\' With Latest Upgrade\nFedi wants to use federations to provide a way of using Bitcoin that\'s easy, and gives users more security than traditional Bitcoin wallets. It works because rather than just one custodian being in charge, the Fedimint protocol allows power to be distributed amongst a number of custodians, making it harder for any single entity to run off with the funds.\n"The main advantages of the Fedimint protocol are that it provides an incredibly powerful yet simple way to use Bitcoin without requiring a single point of trust or control, it allows Bitcoin to scale to billions of users, and it enables builders to extend the functionality of the Bitcoin ecosystem more powerfully and easily than current smart contract, DeFi, and Web3 solutions on alternative blockchains," Nwosu said.\nWhat You Need to Know About the Bitcoin \'Privacy War\'\nAdditionally, Fedi claims to provide more privacy than the most popular Bitcoin wallets. Under the hood, the Fedimint protocol obscures who\'s a part of a federation and how much Bitcoin each user has, so that the custodians can’t see any of these details.\nFedi also has plans to go beyond Bitcoin with a "federated operating system" that would allow "a Fedi user to take control of their money and data by utilizing one or more trusted federations of their choosing,” Nwosu said.\n"One of Fedi\'s in-built features will be a wallet, but chat, web browsing, and application execution will also be significant capabilities," he added. The team plans to release an Alpha version of its product geared towards developers by the end of the month.', 'Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable "federations." "Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend to do it," Fedi CEO and co-founder Obi Nwosu told Decrypt . Fedimint federations are a cryptographic Bitcoin tool that allows users to set up communities—which could be made up of friends, neighbors, businesses, or any other loosely coupled group of people—for custodying Bitcoin and Lightning together. Stepping back for a minute, Bitcoin stands out from traditional digital money because it allows users to have control of their assets, rather than trust them in the hands of a third party. It’s kind of like digital cash. But, most users end up storing their money on exchanges or custodial wallets anyway because self-custody takes time to learn. Lightning Labs Aims to Help \'Bring Bitcoin to Billions\' With Latest Upgrade Fedi wants to use federations to provide a way of using Bitcoin that\'s easy, and gives users more security than traditional Bitcoin wallets. It works because rather than just one custodian being in charge, the Fedimint protocol allows power to be distributed amongst a number of custodians, making it harder for any single entity to run off with the funds. "The main advantages of the Fedimint protocol are that it provides an incredibly powerful yet simple way to use Bitcoin without requiring a single point of trust or control, it allows Bitcoin to scale to billions of users, and it enables builders to extend the functionality of the Bitcoin ecosystem more powerfully and easily than current smart contract, DeFi, and Web3 solutions on alternative blockchains," Nwosu said. What You Need to Know About the Bitcoin \'Privacy War\' Story continues Additionally, Fedi claims to provide more privacy than the most popular Bitcoin wallets. Under the hood, the Fedimint protocol obscures who\'s a part of a federation and how much Bitcoin each user has, so that the custodians can’t see any of these details. Fedi also has plans to go beyond Bitcoin with a "federated operating system" that would allow "a Fedi user to take control of their money and data by utilizing one or more trusted federations of their choosing,” Nwosu said. "One of Fedi\'s in-built features will be a wallet, but chat, web browsing, and application execution will also be significant capabilities," he added. The team plans to release an Alpha version of its product geared towards developers by the end of the month.', 'Tech startup Fedi has raised $17 million in an effort to make Bitcoin easier for newbies to use and grasp through the use of private and scalable "federations."\n"Fedi, as a company, aims to empower communities everywhere by accelerating the adoption of technologies like Bitcoin and Lightning—and rolling out Fedimint federations to communities and companies worldwide is how we intend to do it," Fedi CEO and co-founder Obi Nwosu toldDecrypt.\nFedimint federationsare a cryptographic Bitcoin tool that allows users to set up communities—which could be made up of friends, neighbors, businesses, or any other loosely coupled group of people—for custodying Bitcoin and Lightning together.\nStepping back for a minute, Bitcoin stands out from traditional digital money because it allows users to have control of their assets, rather than trust them in the hands of a third party. It’s kind of like digital cash. But, most users end up storing their money on exchanges or custodial wallets anyway because self-custody takes time to learn.\nLightning Labs Aims to Help \'Bring Bitcoin to Billions\' With Latest Upgrade\nFedi wants to use federations to provide a way of using Bitcoin that\'s easy, and gives users more security than traditional Bitcoin wallets. It works because rather than just one custodian being in charge, the Fedimint protocol allows power to be distributed amongst a number of custodians, making it harder for any single entity to run off with the funds.\n"The main advantages of the Fedimint protocol are that it provides an incredibly powerful yet simple way to use Bitcoin without requiring a single point of trust or control, it allows Bitcoin to scale to billions of users, and it enables builders to extend the functionality of the Bitcoin ecosystem more powerfully and easily than current smart contract, DeFi, and Web3 solutions on alternative blockchains," Nwosu said.\nWhat You Need to Know About the Bitcoin \'Privacy War\'\nAdditionally, Fedi claims to provide more privacy than the most popular Bitcoin wallets. Under the hood, the Fedimint protocol obscures who\'s a part of a federation and how much Bitcoin each user has, so that the custodians can’t see any of these details.\nFedi also has plans to go beyond Bitcoin with a "federated operating system" that would allow "a Fedi user to take control of their money and data by utilizing one or more trusted federations of their choosing,” Nwosu said.\n"One of Fedi\'s in-built features will be a wallet, but chat, web browsing, and application execution will also be significant capabilities," he added. The team plans to release an Alpha version of its product geared towards developers by the end of the month.', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 May 2023 - BingX, one of the leading cryptocurrency exchange, is pleased to announce that it has initiated research on BRC-20 , an emerging token standard on blockchain. The recent popularity of the BRC-20 token standard of Bitcoin, particularly after the recent rise of the memecoin, has resulted in the creation of over 8,000 unique tokens using the BRC-20 standard, with the majority of them being memecoins like Ordinals ($ ORDI ) and Memetic ($MEME). In comparison to the hundreds of thousands of ERC-20 tokens on Ethereum to only 8,000 BRC-20, the BingX research team is committed to conducting thorough analyses of various BRC20 projects. It is crucial that the research is carried out promptly to ensure that BingX traders have a strategic advantage while also providing them with a safe investing experience. "Our team is excited to embark on this journey to research BRC20 token standard. Our goal is to provide our traders with access to the most innovative tokens in the market while ensuring their financial safety," said Elvisco Carrington, PR and Communications Director of BingX. BingX is committed to identifying promising BTC NFT projects and forging partnerships with them, ensuring that top BRC20 coins are well-audited. Our mission is to equip our traders with the best tools and knowledge to make informed investment decisions. Stay tuned for further updates from BingX as we continue to research and explore new ways to provide our traders with the best possible trading experience. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA, an engine for trading analysis and investment guidance. Find the latest analysis that includes fundamental analysis and Ordi price prediction here. Contact Details BingX Elvisco [email protected] View source version on newsdirect.com: https://newsdirect.com/news/bingx-takes-up-research-for-brc-20-coins-listing-878271120 View comments', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 May 2023 - BingX, one of the leading cryptocurrency exchange, is pleased to announce that it has initiated research on BRC-20 , an emerging token standard on blockchain. The recent popularity of the BRC-20 token standard of Bitcoin, particularly after the recent rise of the memecoin, has resulted in the creation of over 8,000 unique tokens using the BRC-20 standard, with the majority of them being memecoins like Ordinals ($ ORDI ) and Memetic ($MEME). In comparison to the hundreds of thousands of ERC-20 tokens on Ethereum to only 8,000 BRC-20, the BingX research team is committed to conducting thorough analyses of various BRC20 projects. It is crucial that the research is carried out promptly to ensure that BingX traders have a strategic advantage while also providing them with a safe investing experience. "Our team is excited to embark on this journey to research BRC20 token standard. Our goal is to provide our traders with access to the most innovative tokens in the market while ensuring their financial safety," said Elvisco Carrington, PR and Communications Director of BingX. BingX is committed to identifying promising BTC NFT projects and forging partnerships with them, ensuring that top BRC20 coins are well-audited. Our mission is to equip our traders with the best tools and knowledge to make informed investment decisions. Stay tuned for further updates from BingX as we continue to research and explore new ways to provide our traders with the best possible trading experience. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA, an engine for trading analysis and investment guidance. Find the latest analysis that includes fundamental analysis and Ordi price prediction here. Contact Details BingX Elvisco [email protected] View source version on newsdirect.com: https://newsdirect.com/news/bingx-takes-up-research-for-brc-20-coins-listing-878271120 View comments', 'Israeli authorities have seized roughly 190 Binance accounts with alleged ties to terrorist groups such as Hamas and Daesh since 2021, Reuters reported Thursday. The report cites never-before-published documents from Israel\'s National Bureau for Counter Terror Financing (NBCTF), a counter-terrorism division of the Israeli Defense Ministry. According to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces. Israeli authorities seized the funds to "thwart the activity" of Daesh and "impair its ability to further its goals," the NBCTF said on its website. The NBCTF did not immediately respond to CoinDesk\'s request for comment. Israeli law permits the country\'s defense minister to order the confiscation of terrorist-affiliated assets, as determined by the Israeli ministry. Anti-Money laundering missteps Binance came under fire last year for policies that critics say encouraged the exchange\x92s users to flout its money laundering controls. Since 2017, the exchange has processed more than $10 billion in payments executed by criminal enterprises and other bad actors attempting to circumvent U.S. sanctions, Reuters reported. Binance says it complies with all regulators to ensure its platform is not accessible to terrorist and other nefarious actors. It also said that it must go through a long process to determine whether an individual account actually has clear ties to any criminal organizations. "With regard to the specific organizations mentioned in the article, it\x92s important to clarify that bad actors don\x92t register accounts under the names of their criminal enterprises,\x94 the company said Thursday in a public response to the Reuters report. \x93This is why our team collaborates with law enforcement, and leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations.\x94 Story continues The exchange has a 700-member compliance team that processes 1,300 law enforcement requests on a weekly basis," Binance VP of Global Intelligence and Investigations Tigran Gambaryan told CoinDesk at Consensus 2023 in April. Daesh resurgence Daesh has seen a resurgence in southern Syria since last year, according to the Middle East Institute. The once-sprawling caliphate controlled between 100,000 and 110,000 sq. kilometers of land across Syria and Iraq at its peak in late 2014. That area shrank to roughly 4,000 sq. kilometers after a series of armed conflicts with American and other military groups forced the group to retreat. Daesh abandoned its last stronghold in Baghuz, Syria in 2019. See also: Hamas\' Military Wing to Stop Accepting Bitcoin Donations: Report', 'Israeli authorities have seized roughly 190 Binance accounts with alleged ties to terrorist groups such as Hamas and Daesh since 2021, ReutersreportedThursday.\nThe report cites never-before-publisheddocumentsfrom Israel\'s National Bureau for Counter Terror Financing (NBCTF), a counter-terrorism division of the Israeli Defense Ministry.\nAccording to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces.\nIsraeli authorities seized the funds to "thwart the activity" of Daesh and "impair its ability to further its goals," the NBCTF said on its website.\nThe NBCTF did not immediately respond to CoinDesk\'s request for comment.\nIsraeli law permits the country\'s defense minister to order the confiscation of terrorist-affiliated assets, as determined by the Israeli ministry.\nBinance came under fire last year for policies that critics say encouraged the exchange’s users to flout its money laundering controls. Since 2017, the exchange has processed more than $10 billion in payments executed by criminal enterprises and other bad actors attempting to circumvent U.S. sanctions, Reuters reported.\nBinance says it complies with all regulators to ensure its platform is not accessible to terrorist and other nefarious actors. It also said that it must go through a long process to determine whether an individual account actually has clear ties to any criminal organizations.\n"With regard to the specific organizations mentioned in the article, it’s important to clarify that bad actors don’t register accounts under the names of their criminal enterprises,” the company said Thursday in a public response to the Reuters report. “This is why our team collaborates with law enforcement, and leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations.”\nThe exchange has a 700-member compliance team that processes 1,300 law enforcement requests on a weekly basis," Binance VP of Global Intelligence and Investigations Tigran Gambaryan told CoinDesk at Consensus 2023 in April.\nDaesh has seen aresurgencein southern Syria since last year, according to the Middle East Institute.\nThe once-sprawling caliphate controlled between 100,000 and 110,000 sq. kilometers of land across Syria and Iraq at its peak in late 2014. That area shrank to roughly 4,000 sq. kilometers after a series of armed conflicts with American and other military groups forced the group to retreat. Daesh abandoned its last stronghold in Baghuz, Syria in 2019.\nSee also:Hamas\' Military Wing to Stop Accepting Bitcoin Donations: Report', "Bitcoin users are experiencing a surge in transaction fees as the network becomes more congested with activity. According to data from Bitinfocharts, the average transaction fee on Bitcoin reached over $7 on Thursday, the highest level since June 2021.\nOne of the reasons for the higher fees is the increased demand for BRC-20 tokens, a new type of asset that is created and stored on the Bitcoin blockchain. BRC-20 tokens use a technique called ordinal inscriptions to attach data to individual satoshis, the smallest unit of a bitcoin. These satoshis can then represent anything from digital art ownership to meme tokens.\nCreating and transferring BRC-20 tokens requires more data than a regular Bitcoin transaction, which means they take up more space on the blockchain. This leads to more competition for block space and higher fees for users who want their transactions confirmed faster. Some critics argue that ordinals and BRC-20 tokens go against the original vision of Bitcoin as a simple and efficient peer-to-peer electronic cash system.\nBitcoin's high fees may deter some users from using the network, especially for small or frequent transactions. However, some solutions have been developed to address this issue, such as the Lightning Network, a second-layer protocol that enables fast and cheap off-chain transactions.", "Ordinal Inscriptions and BRC-20 Tokens Cause Bitcoin Fee Spike Ordinal Inscriptions and BRC-20 Tokens Cause Bitcoin Fee Spike Bitcoin users are experiencing a surge in transaction fees as the network becomes more congested with activity. According to data from Bitinfocharts, the average transaction fee on Bitcoin reached over $7 on Thursday, the highest level since June 2021. One of the reasons for the higher fees is the increased demand for BRC-20 tokens, a new type of asset that is created and stored on the Bitcoin blockchain. BRC-20 tokens use a technique called ordinal inscriptions to attach data to individual satoshis, the smallest unit of a bitcoin. These satoshis can then represent anything from digital art ownership to meme tokens. Creating and transferring BRC-20 tokens requires more data than a regular Bitcoin transaction, which means they take up more space on the blockchain. This leads to more competition for block space and higher fees for users who want their transactions confirmed faster. Some critics argue that ordinals and BRC-20 tokens go against the original vision of Bitcoin as a simple and efficient peer-to-peer electronic cash system. Bitcoin's high fees may deter some users from using the network, especially for small or frequent transactions. However, some solutions have been developed to address this issue, such as the Lightning Network, a second-layer protocol that enables fast and cheap off-chain transactions.", "Bitcoin users are experiencing a surge in transaction fees as the network becomes more congested with activity. According to data from Bitinfocharts, the average transaction fee on Bitcoin reached over $7 on Thursday, the highest level since June 2021.\nOne of the reasons for the higher fees is the increased demand for BRC-20 tokens, a new type of asset that is created and stored on the Bitcoin blockchain. BRC-20 tokens use a technique called ordinal inscriptions to attach data to individual satoshis, the smallest unit of a bitcoin. These satoshis can then represent anything from digital art ownership to meme tokens.\nCreating and transferring BRC-20 tokens requires more data than a regular Bitcoin transaction, which means they take up more space on the blockchain. This leads to more competition for block space and higher fees for users who want their transactions confirmed faster. Some critics argue that ordinals and BRC-20 tokens go against the original vision of Bitcoin as a simple and efficient peer-to-peer electronic cash system.\nBitcoin's high fees may deter some users from using the network, especially for small or frequent transactions. However, some solutions have been developed to address this issue, such as the Lightning Network, a second-layer protocol that enables fast and cheap off-chain transactions.", 'OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development.\nAccording to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism.\nOpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions.', 'Bitcoin and Open Source Software Development Non-Profit OpenSats Receives $10 Million from Jack Dorsey\x92s #startsmall Bitcoin and Open Source Software Development Non-Profit OpenSats Receives $10 Million from Jack Dorsey\x92s #startsmall OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development. According to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism. OpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions. View comments', 'OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development.\nAccording to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism.\nOpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions.', "U.S. Presidential Candidate Robert F. Kennedy Jr. to Appear at Bitcoin 2023 Conference U.S. Presidential Candidate Robert F. Kennedy Jr. to Appear at Bitcoin 2023 Conference Robert F. Kennedy Jr., a Democrat and son of the late Senator Robert F. Kennedy, is running for president in 2024. During his campaign announcement rally in Boston, Kennedy said he wanted to challenge the corporate power that has corrupted the government and threatened the liberties of the people. Kennedy is a lawyer and an author who has been outspoken against COVID-19 restrictions and vaccines. He is one of two Democrats who are challenging President Joe Biden in the primary, along with Marianne Williamson, a self-help author. The most recent polls have Kennedy polling at around 20% against Biden and Williamson. Notably, Kennedy's campaign has received some attention from the crypto community, as he shared a blog post by Ellen Brown, who wrote about the government's war on crypto. Additionally, Kennedy recently pushed back against the supposed environmental concerns around bitcoin mining in a tweet thread. Now, Kennedy is also scheduled to attend Bitcoin 2023, a major, annual event for Bitcoin enthusiasts. View comments", "Robert F. Kennedy Jr., a Democrat and son of the late Senator Robert F. Kennedy, is running for president in 2024. During his campaign announcement rally in Boston, Kennedy said he wanted to challenge the corporate power that has corrupted the government and threatened the liberties of the people.\nKennedy is a lawyer and an author who has been outspoken against COVID-19 restrictions and vaccines. He is one of two Democrats who are challenging President Joe Biden in the primary, along with Marianne Williamson, a self-help author. The most recent polls have Kennedy polling at around 20% against Biden and Williamson.\nNotably, Kennedy's campaign has received some attention from the crypto community, as he shared a blog post by Ellen Brown, who wrote about the government's war on crypto. Additionally, Kennedy recently pushed back against the supposed environmental concerns around bitcoin mining in a tweet thread. Now, Kennedy is also scheduled to attend Bitcoin 2023, a major, annual event for Bitcoin enthusiasts.", "Robert F. Kennedy Jr., a Democrat and son of the late Senator Robert F. Kennedy, is running for president in 2024. During his campaign announcement rally in Boston, Kennedy said he wanted to challenge the corporate power that has corrupted the government and threatened the liberties of the people.\nKennedy is a lawyer and an author who has been outspoken against COVID-19 restrictions and vaccines. He is one of two Democrats who are challenging President Joe Biden in the primary, along with Marianne Williamson, a self-help author. The most recent polls have Kennedy polling at around 20% against Biden and Williamson.\nNotably, Kennedy's campaign has received some attention from the crypto community, as he shared a blog post by Ellen Brown, who wrote about the government's war on crypto. Additionally, Kennedy recently pushed back against the supposed environmental concerns around bitcoin mining in a tweet thread. Now, Kennedy is also scheduled to attend Bitcoin 2023, a major, annual event for Bitcoin enthusiasts.", "Defined as new technology that seeks to improve and automate the delivery and use of financial services, the financial technology (fintech) market is forecasted to be valued at around $700 billion by 2030 with a compound annual growth rate (CAGR) of over 20%.\nCurrently valued at\xa0upwards of $200 billion, it would be no surprise if the fintech market becomes a trillion-dollar industry in the distant future as innovation continues among financial services. This makes many fin tech stocks intriguing investments, especially for longer-term investors.\nPayPal’s Revolution\nAs a brief synopsis, fintech companies strive to simplify and digitalize banking services, payment processing, peer-to-peer lending and payments, financial software, and other financial services.\nPayPal (PYPL) is a prime example of such digitalization and how fintech companies make financial services much more convenient for consumers. Landing a Zacks Rank #3 (Hold) there may still be better buying opportunities ahead but last year's selloff in PayPal stock has made the financial payment innovator more attractive from a valuation standpoint.\nPreviously owned by eBay (EBAY) before its spinoff in 2015, the growth of online e-commerce payments is someone attributed to PayPal. As the internal catalyst to eBay’s online payment growth, Amazon (AMZN) and others followed suit.\nDespite giving back some of the gains since its 2015 IPO, PayPal stock is still up +94%. This has trailed the Nasdaq but is near the S&P 500’s performance and outperformed its former parent company eBay.\nImage Source: Zacks Investment Research\nPayPal has become one of the largest online payment solution providers and is responsible for making the process much easier for consumers during its early eBay days and the rise of the internet. Prior to this, the frequent use of mailed in checks to pay for purchased items on the internet became time insensitive, outdated, and incompatible with online purchases.\nAlthough there is increasing competition, PayPal’s growth story is far from over. Based on Zacks estimates PayPal’s earnings are forecasted to jump 18% in FY23 and climb another 16% in FY24 at $5.69 per share.\nImage Source: Zacks Investment Research\nMore impressive, fiscal 2024 would represent a very stellar 132% growth in EPS since the pandemic with 2019 earnings at $2.45 per share. PayPal’s top-line expansion also supports its earnings potential with sales forecasted to rise 6% this year and jump another 9% in FY24 to $31.85 billion.\nTrading at $72 per share and 14.5X forward earnings, Wall Street's concerns of a high premium being paid for PayPal stock have faded. Better still, PayPal now offers a 45% discount to its industry average of 41.1X forward earnings and trades nicely beneath the S&P 500’s 18.8X.\nImage Source: Zacks Investment Research\nQuieting the premium fears in recent years, PayPal now trades 83% below its decade-long high of 87.8X and at a 67% discount to the median of 43.7X.\nPayPal’s ability to reconfirm its anticipated annual growth in its upcoming first quarter report on May 8 will be key for more upside in PYPL stock. With that being said, holding on to shares at current levels appears to be a keen way to get in on fintech expansion.\nVisa & Mastercard’s Transformation\nWorthy of consideration for exposure to the growth of fintech is Visa (V) & Mastercard MA which both sport a Zacks Rank #2 (Buy) and their top and bottom lines are naturally light years ahead of newer and smaller fintech competitors.\nNewer start-up companies are often thought of in regards to fintech more so than these payment card giants but their impact on financial technology services shouldn’t be overlooked. This is especially true when considering Visa & Mastercard’s reliability to consumers and their very strong stock performances over the last decade.\nImage Source: Zacks Investment Research\nFurthermore, innovation and expansion in the fintech space is a way for Visa and Mastercard to continue their growth as larger mature companies.\nSpecifically, Visa and Mastercard have to be recognized as their solutions in the digital wallet are as widely accepted for online shopping as their debit and credit cards are globally. Through Visa Checkout and MasterCard’s MasterPass, both companies have transformed themselves outside of plastic and evolved with the trend and digital age of consumer shopping.\nThis should help preserve and expand their top and bottom line figures for years to come. Trading at $354 a share, Mastercard sales are forecasted to rise 13% this year to $25.16 billion with earnings expected to climb 15% at $12.26 per share. Fiscal 2024 sales and earnings are anticipated to jump another 12% and 17% respectively.\nImage Source: Zacks Investment Research\nPivoting to Visa which trades at $225 a share, earnings are expected to be up 14% in FY23 at $8.57 per share with sales rising 11% this year to $32.47 billion. Fiscal 2024 sales and earnings are projected to rise another 11% and 13% respectively.\nImage Source: Zacks Investment Research\nBlock & Bitcoin\nAlong with PayPal, one of the more popular names in the fintech space is Block (SQ), formerly Square. Founded in 2009 and publicly traded since 2015 Block’s notoriety came with the Square Reader, the company’s first product which simplifies point-of-sale transactions by connecting to a mobile device’s auto jack.\nBlock's Square Reader has been influential for smoother person-to-person transactions and has assisted small business owners in simplifying the payment process along with its larger Square Register.\nOutside of hardware products, Block's cash app has been innovative regarding money transfers with the company also implementing banking, lending, and bitcoin trading to its online platform.\nImage Source: Zacks Investment Research\nTrading at $60 a share and still up +370% since going public, Block’s performance has easily topped the broader indexes during this period. Block has intentionally stuck with solely providing Bitcoin services on its platform while other fintech companies such as PayPal include trading for a variety of cryptocurrencies.\nBlock’s sole emphasis on Bitcoin is that it's still the most-traded cryptocurrency and the company’s concentration may provide larger returns rather than diversifying at the moment. To that point, along with providing bitcoin trading Block has entered the crypto mining space as a manufacturer of bitcoin chips.\nImage Source: Refinitiv\nNotably, bitcoin prices have stabilized in recent months and Block may be a less expensive way to get concentrated exposure while also offering the diversification of its other financial services.\nBitcoin derives about 50% of Block’s revenue with SQ stock landing a Zacks Rank #3 (Hold) at the moment. As Block continues its course of increased profitability more upside could be ahead with earnings projected to soar 63% in FY23 at $1.63 per share compared to EPS of $1.00 in 2022. Plus, fiscal 2024 EPS is forecasted to climb another 41%.\nImage Source: Zacks Investment Research\nTakeaway\nThese companies are great illustrations of how the growth in financial technology services should intrigue investors. Considering the CAGR of the fintech market is +20%, there should be plenty of upside and growth for PayPal, Visa, Mastercard, and Block stock.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report\nMastercard Incorporated (MA) : Free Stock Analysis Report\nVisa Inc. (V) : Free Stock Analysis Report\nPayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report\nBlock, Inc. (SQ) : Free Stock Analysis Report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\neBay Inc. (EBAY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research", "Defined as new technology that seeks to improve and automate the delivery and use of financial services, the financial technology (fintech) market is forecasted to be valued at around $700 billion by 2030 with a compound annual growth rate (CAGR) of over 20%. Currently valued at\xa0upwards of $200 billion , it would be no surprise if the fintech market becomes a trillion-dollar industry in the distant future as innovation continues among financial services. This makes many fin tech stocks intriguing investments, especially for longer-term investors. PayPal’s Revolution As a brief synopsis, fintech companies strive to simplify and digitalize banking services, payment processing, peer-to-peer lending and payments, financial software, and other financial services. PayPal (PYPL ) is a prime example of such digitalization and how fintech companies make financial services much more convenient for consumers. Landing a Zacks Rank #3 (Hold) there may still be better buying opportunities ahead but last year's selloff in PayPal stock has made the financial payment innovator more attractive from a valuation standpoint. Previously owned by eBay (EBAY ) before its spinoff in 2015, the growth of online e-commerce payments is someone attributed to PayPal. As the internal catalyst to eBay’s online payment growth, Amazon (AMZN ) and others followed suit. Despite giving back some of the gains since its 2015 IPO, PayPal stock is still up +94%. This has trailed the Nasdaq but is near the S&P 500’s performance and outperformed its former parent company eBay. Zacks Investment Research Image Source: Zacks Investment Research PayPal has become one of the largest online payment solution providers and is responsible for making the process much easier for consumers during its early eBay days and the rise of the internet. Prior to this, the frequent use of mailed in checks to pay for purchased items on the internet became time insensitive, outdated, and incompatible with online purchases. Story continues Although there is increasing competition, PayPal’s growth story is far from over. Based on Zacks estimates PayPal’s earnings are forecasted to jump 18% in FY23 and climb another 16% in FY24 at $5.69 per share. Zacks Investment Research Image Source: Zacks Investment Research More impressive, fiscal 2024 would represent a very stellar 132% growth in EPS since the pandemic with 2019 earnings at $2.45 per share. PayPal’s top-line expansion also supports its earnings potential with sales forecasted to rise 6% this year and jump another 9% in FY24 to $31.85 billion. Trading at $72 per share and 14.5X forward earnings, Wall Street's concerns of a high premium being paid for PayPal stock have faded. Better still, PayPal now offers a 45% discount to its industry average of 41.1X forward earnings and trades nicely beneath the S&P 500’s 18.8X. Zacks Investment Research Image Source: Zacks Investment Research Quieting the premium fears in recent years, PayPal now trades 83% below its decade-long high of 87.8X and at a 67% discount to the median of 43.7X. PayPal’s ability to reconfirm its anticipated annual growth in its upcoming first quarter report on May 8 will be key for more upside in PYPL stock. With that being said, holding on to shares at current levels appears to be a keen way to get in on fintech expansion. Visa & Mastercard’s Transformation Worthy of consideration for exposure to the growth of fintech is Visa (V ) & Mastercard MA which both sport a Zacks Rank #2 (Buy) and their top and bottom lines are naturally light years ahead of newer and smaller fintech competitors. Newer start-up companies are often thought of in regards to fintech more so than these payment card giants but their impact on financial technology services shouldn’t be overlooked. This is especially true when considering Visa & Mastercard’s reliability to consumers and their very strong stock performances over the last decade. Zacks Investment Research Image Source: Zacks Investment Research Furthermore, innovation and expansion in the fintech space is a way for Visa and Mastercard to continue their growth as larger mature companies. Specifically, Visa and Mastercard have to be recognized as their solutions in the digital wallet are as widely accepted for online shopping as their debit and credit cards are globally. Through Visa Checkout and MasterCard’s MasterPass, both companies have transformed themselves outside of plastic and evolved with the trend and digital age of consumer shopping. This should help preserve and expand their top and bottom line figures for years to come. Trading at $354 a share, Mastercard sales are forecasted to rise 13% this year to $25.16 billion with earnings expected to climb 15% at $12.26 per share. Fiscal 2024 sales and earnings are anticipated to jump another 12% and 17% respectively. Zacks Investment Research Image Source: Zacks Investment Research Pivoting to Visa which trades at $225 a share, earnings are expected to be up 14% in FY23 at $8.57 per share with sales rising 11% this year to $32.47 billion. Fiscal 2024 sales and earnings are projected to rise another 11% and 13% respectively. Zacks Investment Research Image Source: Zacks Investment Research Block & Bitcoin Along with PayPal, one of the more popular names in the fintech space is Block (SQ ), formerly Square. Founded in 2009 and publicly traded since 2015 Block’s notoriety came with the Square Reader, the company’s first product which simplifies point-of-sale transactions by connecting to a mobile device’s auto jack. Block's Square Reader has been influential for smoother person-to-person transactions and has assisted small business owners in simplifying the payment process along with its larger Square Register. Outside of hardware products, Block's cash app has been innovative regarding money transfers with the company also implementing banking, lending, and bitcoin trading to its online platform. Zacks Investment Research Image Source: Zacks Investment Research Trading at $60 a share and still up +370% since going public, Block’s performance has easily topped the broader indexes during this period. Block has intentionally stuck with solely providing Bitcoin services on its platform while other fintech companies such as PayPal include trading for a variety of cryptocurrencies. Block’s sole emphasis on Bitcoin is that it's still the most-traded cryptocurrency and the company’s concentration may provide larger returns rather than diversifying at the moment. To that point, along with providing bitcoin trading Block has entered the crypto mining space as a manufacturer of bitcoin chips. Refinitiv Image Source: Refinitiv Notably, bitcoin prices have stabilized in recent months and Block may be a less expensive way to get concentrated exposure while also offering the diversification of its other financial services. Bitcoin derives about 50% of Block’s revenue with SQ stock landing a Zacks Rank #3 (Hold) at the moment. As Block continues its course of increased profitability more upside could be ahead with earnings projected to soar 63% in FY23 at $1.63 per share compared to EPS of $1.00 in 2022. Plus, fiscal 2024 EPS is forecasted to climb another 41%. Zacks Investment Research Image Source: Zacks Investment Research Takeaway These companies are great illustrations of how the growth in financial technology services should intrigue investors. Considering the CAGR of the fintech market is +20%, there should be plenty of upside and growth for PayPal, Visa, Mastercard, and Block stock. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report eBay Inc. (EBAY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research", 'Bitcoin edged lower in Friday morning trading in Asia to below the US$29,000 mark following rate hikes from the European Central Bank (ECB). Ether fell below US$1,900 while most other top 10 non-stablecoin cryptocurrencies logged losses. Solana’s SOL led the losers. U.S. equity futures traded higher after Wall Street slid on Thursday amid renewed worries about the U.S. banking system and a potential recession in the economy.\nSee related article:What JPMorgan’s First Republic takeover means for the crypto industry\nBitcoin edged down 0.40% to US$28,949 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data, dipping 1.88% for the week. The world’s largest cryptocurrency has added over 70% from year to date but is down about 6.6% from its 30-day high of US$31,005 hit on April 14.\nBitcoin and other cryptocurrencies dipped as investors digested the recent interest rate hikes in theU.S.andEurope, which “could add more pressure on cryptocurrencies over the short term as some investors turn to more caution and as safer assets like treasury become more appealing,” said Denys Peleshok, Head of Asia atCPT Markets, in an emailed statement shared withForkast.\n“However, over the medium term, crypto markets could benefit from the expected pause and eventual decline in interest rates (in the U.S.),” said Peleshok, who projected the Federal Reserve’s changing rhetoric could fuel more risk-taking by investors.\nFed Chairman Jerome Powell noted his agency is prepared for further rate hikes if “greater monetary policy restraint is warranted,” sending mixed signals to the markets.\nEther dropped 1.21% to US$1,880, holding a weekly loss of 1.55%.\nMost other top 10 non-stablecoin cryptocurrencies also traded lower, with the exception of XRP and Tron, which added 0.12% and 0.48% in the past 24 hours.\nSolana’s SOL led the losers, falling 2.45% to US$21.80 and trading down 2.88% for the week.\nThe total crypto market capitalization edged down 0.71% in the past 24 hours to US$1.19 trillion. The total trading volume dropped 23.57% to US$32.38 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.74% to 3,640.20 in the 24 hours to 09:00 a.m. in Hong Kong, falling 1.83% for the week.\nThe Ethereum blockchain saw its NFT sales volume fall by over 27% in the past 24 hours, according to data fromCryptoSlam, amid increasing average transaction fees on Ethereum, which stood at US$16.74 on May 4, according to data from blockchain intelligence platformIntoTheBlock, an increase from US$3 at the beginning of the year.\nAccording to NFT data aggregator CryptoSlam, Over US$635 million of Ethereum NFT sales in April were wash trades, which made up nearly 60% of all NFT trades on the blockchain for the month. Wash trades refer to an investor acting as both the buyer and seller of a financial instrument to generate misleading trading volume and potentially manipulate prices. The practice is illegal in U.S. securities markets.\nThe current wash trades on Ethereum are primarily driven by investors farmingBlurmarketplace’s points, the platform’s loyalty system that incentivizes users’ bids and listings of NFTs, according to CryptoSlam.\n“Wash trading is expected to continue and possibly increase on Ethereum as traders use liquidity-providing tools like BenDAO, NFTfi and Blur’s new Blend lending protocol to pursue more platform rewards in Blur’s Season 2,” said Yehudah Petscher, an analyst at CryptoSlam, in a commentary.\nU.S. stock futures traded higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.24%. The S&P 500 futures gained 0.40%. And the Nasdaq Composite futures added 0.51%.\nThe three indexes closed lower on Thursday, driven by mounting worries in the U.S. banking system. PacWest Bancorp., a California-based bank, saw its share price fall over 50% on Thursday after the lender reportedly considered strategic options, including a sale, fueling a slump across multiple regional banks.\n“The continuing issues in the banking sector could fuel concerns about traditional finance’s ability to withstand financial shocks and could push more investors toward digital assets. The crypt Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $558,953,406,000 - Hash Rate: 283977798.47865146 - Transaction Count: 411429.0 - Unique Addresses: 652054.0 Social & AI Sentiment: - Fear & Greed Index: 0.61 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today This article originally appeared inFirst Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day. Bitcoin broke the $30,000 level for thefirst time since Juneon Tuesdayas March's banking turbulence fades farther into the distance and investors grow more optimistic about the Federal Reserve's monetary policy. Bitcoin was up 6% in the past 24 hours to $30,100. Trading volume, however, remains low, according to Matteo Bottacini, a trader at Crypto Finance AG. “This indicates that few are taking profits from the year-end low and new buyers are still hesitant to enter the market,” Bottacini wrote in a morning note.Crypto-related stocks also climbedon the back of bitcoin’s rise. Marathon Digital (MARA), Coinbase (COIN) and MicroStrategy (MSTR) all rose on Monday and were up further in premarket trading on Tuesday. Tyler and Cameron Winklevoss recentlylenttheir Gemini cryptocurrency exchange $100 million to support the business amid the market downturn,Bloomberg reported. The brothers provided the loan after trying to get outside investment for Gemini, Bloomberg said, citing anonymous sources. A Gemini spokesperson didn't immediately respond to a CoinDesk request for comment. The $100 million figure stands out in part because that equals the amount Gemini agreed to give some of its customers as part of the Genesis bankruptcy case. Genesis, which, like CoinDesk, is owned by Digital Currency Group, froze withdrawals in the aftermath of crypto exchange FTX's collapse last year, a decision that locked up money for customers of Gemini's Earn yield product. Millions of Aptos Labs' APT tokenswill be unlockedon Wednesday in a planned move that’s set to increase the circulating supply by 0.5%, data shows.APT rose nearly 8% in the past 24 hours, according to CoinGecko. The Aptos network has a market cap of over $2.3 billion, and the APT unlock is valued at over $50 million based on current prices. Unlocks refer to the automatic release of new tokens belonging to any blockchain network into the open market. They are often previously planned. Aptos is a blockchain that was founded by former employers of Facebook's parent company, Meta Platforms (META), after Facebook abandoned its own plans to create a blockchain-based payments network called Diem (formerly Libra). • The chart shows changes in bitcoin's 30-day rolling correlation with gold and U.S. equities since June 2021. • Bitcoin's correlation with gold has topped 50%, surpassing the cryptocurrency's positive correlation with stocks. • In other words, bitcoin's immediate prospects are more closely tied to gold than stocks. • "Combined with on-chain data showing that the share of BTC long-term holders is steadily increasing, this could indicate that the attractiveness of BTC as a safe-haven asset is on the rise," Paris-based crypto data provider Kaiko said. • Bitcoin Shorts Take on 87% of Futures Liquidations as BTC Crosses $30K • AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation • Montenegro's Central Bank to Develop CBDC Pilot With Ripple... - Reddit Posts (Sample): [['u/Normal-Knowledge4857', 'What speed to move into BTC', 13, '2023-05-05 01:42', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/', 'If hypothetically you had 500k in cash today, how would you move that into BTC? All in one go? DCA $1k a day? $10k a day?', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/', '13842l3', [['u/ElderBlade', 22, '2023-05-05 02:03', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/jiwfc2v/', 'My answer is the same if you had $10k or $1k. Buy with half now, and dca the rest.', '13842l3'], ['u/Jasonmun8', 14, '2023-05-05 02:39', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/jiwjwf2/', '100k immediately then dca 50k every 2k drop', '13842l3'], ['u/Top-Dragonfruit-8199', 14, '2023-05-05 05:07', 'https://www.reddit.com/r/Bitcoin/comments/13842l3/what_speed_to_move_into_btc/jix2eo4/', 'I’d do $250k immediately. $1k every Monday auto DCA and I’d be passively watching the chart for big dips to throw $2k-$20k smash buys', '13842l3']]], ['u/thepacksvrvives', 'Season 7: everything we know so far, part 2', 50, '2023-05-05 01:46', 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/', "If you’ve somehow stumbled across part 2 first, [here is part 1](https://www.reddit.com/r/Outlander/comments/13843p4/season_7_everything_we_know_so_far_part_1/).\n\nIf you haven’t read the books or don’t want to see any spoilers, do NOT read this post.\n\n# BLOCK 5\n\nBlock 5 might be exclusively in Scotland across two different storylines: Claire, Jamie, and Ian’s visit at Lallybroch with Old Ian’s death in 1778; and Roger with Buck at 1739 Lallybroch looking for Jemmy.\n\nClaire, Jamie, and Ian will head first to Simon Fraser’s funeral (Echo, chapter 75), filmed at Kinloch Rannoch. A supporting artist who was involved shared some photos in the [comments](https://i.imgur.com/ghKZf4r.jpg) under a public Facebook post.\n\n[Credit: via SurvivedTheShows, source unknown \\(1-2, 6-7\\), a supporting artist \\(3-5\\).](https://preview.redd.it/iiw3mckcgwxa1.jpg?width=945&format=pjpg&auto=webp&v=enabled&s=367aef36ff5ce1dafb08e2350e3bf11fcee55468)\n\nMidhope Castle underwent some changes to accommodate the 18th-century storylines; the front yard looks slightly different than in 308 but the windows and doors are the same as we’ve seen in S1-S4. \n\n[Credit: \\_simbelmyne\\_ \\(1\\), stevenwilson8743 \\(2-3\\), Parkhead House \\(4-5\\), stevenwilson8473 \\(6-8\\).](https://preview.redd.it/4fyjwujngwxa1.jpg?width=1080&format=pjpg&auto=webp&v=enabled&s=985a86c83b878d5bf85af359306a85885ed536af)\n\n[All photos from Midhope](https://imgur.com/a/vuk1jhT).\n\nThe returning cast members were announced in October and most of them filmed that month. Additionally, the rest of the Murray siblings were cast: Kitty (Emma Rafferty), Michael (Angus Miller), and Janet (Megan Daynes). We should also see Young Jamie (Conor McCarry was followed by some cast members in October) and Maggie. Layla Burns [confirmed](https://www.spotlight.com/3418-9080-6468) she was in episode 709, so that is when we are going to see Joan again (and Laoghaire).\n\nSteven Cree mentioned in an [interview with SheKnows](https://youtu.be/O1fIYabB4ak?t=5791) that he has a “nice scene with \\[Sam\\] in Season 7” and that “the location \\[they\\] filmed in was probably the most picturesque location that \\[he filmed\\] the whole time \\[he’d\\] been on Outlander.” This is most likely the walk Jamie and Ian take in Echo, chapter 81, reminiscing about their youth together and talking about Ian’s impending death.\n\nSteven also praised Kristin Atherton (new Jenny) in [another interview](https://www.express.co.uk/showbiz/tv-radio/1727112/Outlander-season-7-Ian-Murray-Steven-Cree-return-Laura-Donnelly), saying: \n\n>And actually, Kristin \\[Atherton\\], who came in and played Jenny was so fantastic and my storylines \\[previously\\] in the show were mostly with Jamie and Claire. I never really had that much stuff with Jenny. It was fine.\n\nAs for the other 18th-century storyline, filming also took place at Kinloch Rannoch, but at the hill used for Craigh na Dun, and Richard’s trailer was spotted. The stone circle was up for a few days in September.\n\n[All photos from Kinloch Rannoch](https://imgur.com/a/bTJoxap).\n\nAndrew Whipp returned as Brian Fraser, and a [supporting artist](https://www.realpeople.co.uk/221/profile) filmed as “Brian Fraser’s housekeeper.”\n\nFilming also took place in Culross, which previously stood in for Cranesmuir. Since we’re going to see Geillis again, Meerkat Cross was once again used for the village, with the building on the right used as the exterior of her house. Richard and Diarmaid were spotted filming in the village.\n\n[Credit: Suzy Taylor \\(1\\), Pati Sears-Burnett \\(2-5\\), Lorelle Penman \\(6-9\\), cinbin\\_ \\(10-11\\).](https://preview.redd.it/p7arn790hwxa1.jpg?width=1079&format=pjpg&auto=webp&v=enabled&s=1e56bca66f65f9b36669015f2fd6506d0043fa3c)\n\nThe last two photos are of Culross Palace, which was most likely used for the interiors of Laoghaire’s house, just as in S4, in Claire and Jamie’s storyline. \n\n[All photos from Culross](https://imgur.com/a/np91e80).\n\n# BLOCK 6\n\nThe filming of the exteriors took place in Canning Street, Liverpool, as well as Chester, which both stood in for Philadelphia. It received plenty of coverage in the press and on social media.\n\n[Credit: liverpool1207 \\(1-4\\), Claire Brown \\(5-7\\), Andrea Livesey \\(8-9\\).](https://preview.redd.it/7yyq9k09hwxa1.jpg?width=1440&format=pjpg&auto=webp&v=enabled&s=00c6877c202e84cbd2f4a13acef5ad537831ccf3)\n\n[More photos from Canning Street](https://imgur.com/a/ifNYOeQ).\n\nThe building with red features was identified as a brothel by people visiting the set. Supporting artists were involved in the scenes (filmed later in the studio) as [“Brothel upper-class Johns”](https://www.realpeople.co.uk/1411/profile) and [“Brothel High class Ladies.”](https://www.realpeople.co.uk/6565/profile) \n\n[Credit: Colin Lane \\(1-4\\), Billy Vitch \\(5-11\\), Andy Teebay \\(12\\), soobysnax35 \\(13\\).](https://preview.redd.it/eipdp3yfhwxa1.jpg?width=750&format=pjpg&auto=webp&v=enabled&s=3af46b8d868e1b95279b3afbe9fc5373b5f1da76)\n\nFrom the main cast, Sam and David were [spotted](https://twitter.com/soobysnax35/status/1590423111765479424) filming the scene after Jamie “comes back from the dead” and “kidnaps” Lord John (Echo, chapter 101). Charles was also photographed on Canning Street.\n\n[Credit: soobysnax35.](https://reddit.com/link/13845tg/video/5eus7s6ohwxa1/player)\n\nNo sign of Caitríona outside but she must’ve been there as well. John [posted](https://www.instagram.com/p/CktnMutsEG6/) from Liverpool with Izzy, so Rachel and Denny must’ve been in the scenes there too. Hugh Ross later [posted](https://www.instagram.com/p/Co5P2O3Ipcu/) photos of John, Izzy, and Charles on his Instagram, presumably from when he was shooting with them in Liverpool (Arch’s death scene–Echo, chapter 100).\n\nNo sign of either Lauren or César. Lauren was filming in the Dominican Republic at the time, so this storyline could’ve been altered, or they filmed their scenes at another time/only indoors.\n\nHenry (Harry Jarvis), Mercy Woodcock (Gloria Obianyo), and Jane Pocock (Silvia Presente) should feature in these episodes. Sam Hoare also returned as Hal Grey, Duke of Pardloe.\n\nA number of supporting artists, [male](https://www.realpeople.co.uk/8696/profile) and [female](https://www.realpeople.co.uk/1615/profile), were involved in the filming of “the Ball.” There were [artists](https://www.realpeople.co.uk/8637/profile) with dance experience who filmed a “dance scene,” which the agency described as “Girls out filming at the studio, they have been rehearsing for weeks for this“ on Facebook. That shoot has to be the Meschianza, the “extravagant farewell party to honor the commanders of the Army and Navy, General Sir William Howe and Admiral Richard Howe” organized mainly by John André, in which Claire participates in Echo, chapter 98, alongside William and LJG, sometime after receiving the news of Jamie’s “death.” There was some filming done at Croxteth Hall & Country Park in Liverpool, which could be the site of the Meschianza.\n\n[Credit: Geoffrey Smith \\(1-5\\), Liverpool Film Office \\(6\\).](https://preview.redd.it/61gxu6grhwxa1.jpg?width=742&format=pjpg&auto=webp&v=enabled&s=1e2457bf936d16f174b0be2988bc461cd8598f86)\n\n[All photos from Croxteth](https://imgur.com/a/Ay0UydN).\n\nThere was also some filming in Chester, primarily at Chester City Walls, where a large number of supporting artists were spotted. [All photos from Chester](https://imgur.com/a/94WHalM).\n\nA number of supporting artists were listed as “[Philadelphia travelers](https://www.realpeople.co.uk/3932/profile)” and “[Quaker men/women](https://www.realpeople.co.uk/17/profile),” who also filmed in Dalmeny. \n\nA junior carpenter working on S7 [posted](https://www.instagram.com/p/Ckt23uGM0Zr/) photos of “Jamie’s cairn.” Ian builds it in MOBY, chapter 1, in the woods between Philadelphia and Valley Forge. \n\n# BLOCK 7 & 8\n\nBetween December 2022 and February 2023, there was not much in the way of spotting the filming by locals. However, [Sophie](https://imgur.com/a/Ic4jZtO) herself posted from some night shoots at Midhope Castle.\n\nCiaron Kelly also [posted](https://www.instagram.com/p/CmMvWk_KL76/) from a night shoot in December, which coincided with the OL night shoots, but it’s uncertain whether it was the same shoot. However, as mentioned above, his agency posted about his wrapping on OL in January, so it is very likely. Ernie shows up at Lallybroch during the shoot-out in MOBY, but he could also be involved in escorting Brianna and the kids back home after the tunnel rescue.\n\nThere were also scenes with “1980s Police officers” which could either be after Jem makes it out of the tunnel, when Brianna and the kids are escorted back to Lallybroch and the police insist on checking the locks, or when Jem calls the police on Rob when he and Mandy are staying with Fiona and her kids. [One of the supporting artists](https://www.realpeople.co.uk/3633/profile) noted he’d driven a police car.\n\n[Charles](https://imgur.com/a/tXvbhc8) also filmed some night shoots at the time, at Hopetoun Estate, so it could’ve been used for other locations in addition to Lallybroch.\n\nDiarmaid Murtagh posted some photos with Richard in his S7 wrap post. He included [one](https://i.imgur.com/yJDMo10.jpg) with Sophie in Brianna’s 18th-century coat and Richard as Roger at what appeared to be the dovecot at Midhope. He deleted it a day later. Could it possibly have spoiled that Brianna reuniting with Roger in 1739 is already in S7? Brianna already has her 1980s hair there (bangs). It also looks like a bag strap across her body (Brianna carries a bag with some handy things into 1739 in the book).\n\nIn January, [supporting artists](https://www.realpeople.co.uk/67/profile) were supposed to film as “MEAN OLD MR McBIRNEY & Henchman.” No idea what this one is. There’s no character with that name nor does the word “henchman” appear in either Echo or MOBY.\n\nThe filming continued in January in Blackridge/Blackraigs and Forrestmill, with supporting artists playing both Redcoats and Continentals. \n\n[Credit: stevenwilson8473.](https://preview.redd.it/unbslw8xhwxa1.jpg?width=1080&format=pjpg&auto=webp&v=enabled&s=089607f0c51fb32031bd18f67f21bf83c7b64c5b)\n\nThere was also a “[laundry bootcamp](https://www.realpeople.co.uk/3370/profile).” “Laundry” is only specifically mentioned in the book when Jane and Fanny join William on their way out of Philadelphia. That’s where William tells them to go when he agrees to take them under his protection. \n\n[Some](https://www.realpeople.co.uk/3541/profile) [supporting](https://www.realpeople.co.uk/9800/profile) [artists](https://www.realpeople.co.uk/1904/profile) filmed a “Secret Wedding” on Feb 23rd.\n\nThe last month or so of filming seemed to be gearing up towards the Battle of Monmouth.\n\nLion Russell Baumann (Hessian Soldier) posted a [story](https://imgur.com/a/PLwmZNf) in his costume on January 12th. Hessians were involved both in the Battle of Saratoga and the Battle of Monmouth.\n\nActors Ben Cura and Wilf Scolding (Abraham Shaftstall) posted from Scotland in February. Abe Shaffstall in the book is the militiaman who shares food and drink with LJG, after LJG is discovered by Reverend Woodsworth's militia company (MOBY, chapter 51). Ben Freeman played Corporal Woodbine, who first takes custody of LJG after his fight with Jamie outside Philadelphia.\n\nHyoie O’Grady played Lieutenant Judah Bixby and followed Sam and David in January. Bixby is the young lieutenant under Jamie’s command at the Battle of Monmouth. \n\nIt appears that the show was [casting](https://t-ypo.com/media/outlander-s7-captain-jared-leckie/) the role of Captain Jared Leckie, the army surgeon who administers first aid to Claire when she’s shot at Monmouth (as far as I could find, those are only the actors that this specific agency has put forward for the audition; it’s likely that neither of them has been cast in this role). [Jack Daynes](https://www.realpeople.co.uk/3633/profile) was also a double for a Surgeon in the finale.\n\nIn his [wrap post](https://www.instagram.com/p/CpDhE8lMm1F/), Sam also appeared to be wearing a buff vest which would be a part of Jamie’s uniform as a General.\n\nMaril’s [#HeardOnSet](https://twitter.com/TallShipProds/status/1629181169261477889) on wrap day is from MOBY, chapter 65, which is the night before the Battle of Monmouth: \n\n>I slept without dreaming and without moving, until a touch of cramp in my left foot roused me enough to shift a little. Jamie raised his arm a bit, then replaced it as I settled again, and I became aware that he wasn’t asleep. \n> \n>“You . . . all right?” I murmured, thick-tongued with drowsiness. \n> \n>“Aye, fine,” he whispered, and his hand smoothed the hair from my cheek. “Go back to sleep, Sassenach. I’ll wake ye when it’s time.”\n\nHowever, there is no certainty that Sam and Caitriona were filming the season finale that day or that the line wasn’t been repurposed for another point in the story.\n\nIn a [podcast](https://open.spotify.com/episode/2HCUPMnzfwRbsW2DqxP10T?si=auzJp4X3TSGf82cWhYsbCQ) released in April, DG [mentioned](https://imgur.com/e28X0VK) the filming of a scene that sounds like the moment Claire is shot and discovered by Jamie during the Battle of Monmouth, but there is also no certainty there.\n\n# MISCELLANEOUS\n\n* Caitríona and Sam are now executive producers, named as such in[ official press releases](https://mediaroom.starz.com/news/starz-renews-worldwide-hit-series-outlander-for-eighth-and-final-season-and-greenlights-prequel-series-outlander-blood-of-my-blood).\n* The score recording started in October 2022, as per[ Erik Rigler](https://www.facebook.com/permalink.php?story_fbid=pfbid0ecEkLuPSbDTzWKqpBtcda7KzxtFa3vvr3ztrqFRU5HVGt5uCqUAPsTDwQYZVTcAEl&id=100004133505440) and[ Bruce Carver](https://www.facebook.com/TheStorysTheThing/posts/pfbid036urJSjNjjVT6ov6YMRSaEjKaJekURySENasQZKpTCscNL7NnN9xR1KHZgWvMz9e2l).\n* [Gillebride MacMillan](https://twitter.com/Gillebride/status/1606378007916060675) (Gwyllyn the Bard in S1) has written a song for S7. He[ also](https://www.thenational.scot/news/23236330.outlander-sam-heughan-fantastic-learning-gaelic-hit-show/) took over the role of the Gaelic consultant on the show from Àdhamh Ó Broin. He praised the cast: “Sam was fantastic and John Bell deserves a special mention as well for his commitment to making his pronunciation perfect” and stressed that “all the cast were really keen on making sure there was as much Gaelic as possible in the show to make it as authentic as possible.”\n* Camera operator Tony Kay posted a video from the promo/TVC shoot on[ Vimeo](https://vimeo.com/772005331); I think the couple there are Caitríona and Sam’s stand-ins/picture doubles: Valerija Jemeljanenko and John Tillett. There were also[ supporting artists](https://vimeo.com/772005331) present on Oct 19-22, shooting “Redcoats Starz Gallery” and “Starz Gallery.” Sophie also[ posted](https://imgur.com/a/47UjNth) on her IG on Oct 22nd.[ Edinburgh Black Cab Tours](https://www.instagram.com/p/Cj_J9gzMiYg/) spotted the shoot.\n* [Vanessa Coffey](https://www.curtisbrown.co.uk/client/vanessa-coffey), the intimacy coordinator, worked on episodes directed by Lisa Clarke, Joss Agnew, and Jan Matthys.\n* DG mentioned in[ this interview](https://youtu.be/mHmkEHpdNas?t=2015) that they were using the prologue of Echo.\n* Catríona has shared in[ interviews](https://youtu.be/CTjVG120vTg?t=1110) that Claire’s healing continues into S7: “Actually, what we see in the beginning of Season 7 is times \\[…\\] when Claire is going through something, she’s now learned that she has to share and by sharing with him, that stops this kind of compartmentalizing and dampening things down which are always going to rear their head later.” Also in[ Awards Daily](https://www.awardsdaily.com/2022/06/20/a-conversation-with-caitriona-balfe-outlander-and-claires-complex-season/): “She has to share, she has to speak, and you know, we’ve continued that this season. And it’s really lovely to see that —the fact that with her healing, there’s been a lot of growth as well.”\n* [Post-S6](https://variety.com/2022/tv/actors/outlander-season-6-finale-claire-jamie-1235254989/), Maril was very excited about Ian’s story in S7: “I’m so excited for where we’re going with Ian and Season 7. We’re gonna see such a great arc for him.”\n* Master Raymond returns in episode 712.\n* [All (or most) social media posts by the cast and the official account during S7 filming](https://imgur.com/a/GH23ZcD).\n* [All promotional portraits released thus far.](https://imgur.com/a/bdBZ6IX)", 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/', '13845tg', [['u/stoneyellowtree', 13, '2023-05-05 03:00', 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/jiwmgd7/', 'This is amazing! Thank you for all the work you put into this post!', '13845tg'], ['u/ScholarBitter7349', 27, '2023-05-05 03:06', 'https://www.reddit.com/r/Outlander/comments/13845tg/season_7_everything_we_know_so_far_part_2/jiwn6pp/', 'Master Raymond returning? Omg crying screaming throwing up', '13845tg']]], ['u/ISlimedhisassout', 'I just cracked my mans girl on Accident', 31, '2023-05-05 02:46', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/', 'I gotta clear my conscience and niggas already be treating this btc like a journal so check this here. My mans girl came to my crib and my dawg was supposed meet us at me house for a smokeout since he was bringing the crud(I don\'t know why he did this remedial ass shit,he was asking for it) but to make a long story longer she said she came straight from her job at the daycare so I guess she was covered in baby spit up or sum and she asked if she could take a shower We close like that, this lil sis to me even though I used to kinda talk to her before him I really passed her to him cus I didn\'t really like her when I first met her cus she was boring , so I ain\'t think nothing of it. I told her I was going outside to grab my electric grinder out my car she can change in the master bedroom(in hindsight she coulda changed in the bathroom) and I came back and sat on my bed(I thought she had finished by now) and she came out the bathroom and walked straight into my room bucked booty ass naked she ran out and went looking for a towel but my mans was at attention 🕴cus I never seen her naked before n never even really thought of hitting her till this very moment. so as she\'s looking for a towel my mans is Hardbody 💪🏾 and as I was walking out to let her change she gripped my Woodgrain Choppa through the pants and said "If you tell him I swear to god ima kill you, you knew this was gonna happen"she then proceeded to pulled my mans out and put it in the washing machine I wanted to stop but she had already sucked a little bit so the damage was already done then the rest was history Im sick I can\'t unfuck her cus this was my mans since Mumford and we grown asl na So I hope I can take this to the grave cus he ain\'t did nothing but right by me💔', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/', '1385lf6', [['u/AffectionateBrush411', 54, '2023-05-05 03:11', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwnw4o/', 'Smh yo name dont make it no better dawg i change my mind u was in on this too', '1385lf6'], ['u/SouljiaGhoul', 10, '2023-05-05 03:21', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwp3rc/', 'I’m ngl I feel like you should tell him,just be 100 wit him like “bro she came onto me,I ain’t initiate it and I’m just letting you know cause you my dawg” and accept the consequences,cause trust me you gone be guilty asl if y’all keep just kickin it like nothing happened💀💀💀 especially when his girl around,that shit sound awkward as hell', '1385lf6'], ['u/tornadodiq', 25, '2023-05-05 03:30', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwq5xo/', 'You went past writin a journal entry. This some diary smut what tip bro', '1385lf6'], ['u/MoreRatzThanFatz', 57, '2023-05-05 03:37', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwr1zv/', '“Put it in the washing machine”🤣🤣🤣🤣🤣\n\nThe only way you can save the situation wit bro is to come clean, that would be grimey as hell to let yo mans cuff a freak like that.\n\nDont let yo mans embarrass himself like that.. loving on a freak ass hoe that a give it to his homeboys', '1385lf6'], ['u/Impressive-Bag9198', 15, '2023-05-05 03:40', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwrh25/', 'dawg silly for sayin washing machine', '1385lf6'], ['u/MoreRatzThanFatz', 25, '2023-05-05 03:41', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwrmko/', 'That’s my new lingo no cap \n\n“Baby you gone put this meat in the washing machine 😏😏😏”', '1385lf6'], ['u/GodblessScamerica', 17, '2023-05-05 03:42', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwrqce/', '😭😂😂aye I’m mad ash thinking Niggas fr till I peeped this nigga name u bored gangway I’m sick I just read all this shit😭these freak hoes be on that he a clown leaving his btc around his mans at the crib tho if this real', '1385lf6'], ['u/MoreRatzThanFatz', 17, '2023-05-05 03:51', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jiwsu09/', 'If you tell him first he gotta respect that. I had a similar situation happen in my old group of friends, our mans smash our other man’s gf and didn’t tell but shit hit the fan one day and she put it all on the floor. Everyone fell out after that, years later everyone is cordial now but itll never be what it once was. If that’s yo man’s you owe him that at least', '1385lf6'], ['u/BennyFrankFrank', 24, '2023-05-05 07:21', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jixfrc9/', 'You a btc lol dawg', '1385lf6'], ['u/AffectionateBrush411', 10, '2023-05-05 09:02', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jixnmoq/', 'Exactly cause she gone do the same shit one day that relationship shit gone go sour like they all do and she gone say thats why i fucced yo mans i mean you might as well tell em cause considering the kinda bitch he dealin wit it aint like he takin a loss anyway', '1385lf6'], ['u/[deleted]', 10, '2023-05-05 11:20', 'https://www.reddit.com/r/CrimeInTheD/comments/1385lf6/i_just_cracked_my_mans_girl_on_accident/jixx1rf/', 'U a terrible friend man', '1385lf6']]], ['u/Batby', 'Full timeline of the Hidjifilms accusation (And why he is most likely innocent) (Sources Included)', 230, '2023-05-05 05:10', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/', '13th July 2020 - "Changes" Music Video is made\n--\n\nThe Frank Ocean "Changes" music video file is exported. Please note as of this time There is no proof Hidjifilms was involved in the creation of this music video. Hidjifilms has directly denied any involvement with the video.\n\nSource: https://i.imgur.com/rJSNEEL.png\n\n13th January 2022 - "Taylor Swift" Music Video is made\n--\n\nThe A$AP Rocky "Taylor Swift" music video is recorded. Based on the explicit credits in the video, \n\nHidjifilms or AWGE had no involvement with the creation of this video.\n\nSource: https://i.imgur.com/p7r0qw6.png\n\n27th Febuary 2022\n--\n\n\nA seller under the name "Mr. Armor" puts up a snippet for the "Taylor Swift" Music Video with intent to sell it.\n\nSource: https://i.imgur.com/S7f3LvA.png\n\n(Apologies for the awful Kurrco post, This was orignally posted on Leakthis but has since been deleted)\n\n\n11th June 2022 - "Taylor Swift" Music Video Is Sold\n--\n\nA discord account with the name Hidji sells the "Taylor Swift" music video via BTC for $2,000 USD. This transaction did happen and can be confirmed from looking up the btc address in the screenshot. I want to note \n\nThere is no evidence the discord account used in the transaction is actually Hidjifilms. \n\nAlso worth noting that if a discord account changes their name and avatar, previous messages will reflect these changes while still providing the original date of the message posted.\n\nAlso worth noting this pretty damning point, \n\nThe photo of Hidji used as an avatar was uploaded 10/03/2023, Months after this conversation happened.\n\nHidji would have had to of used this photo for his Discord then half a year later post it to Instagram.\n--\n\n(Or the person framing him didn\'t pay attention when finding a photo of him)\n\nSource A: https://i.imgur.com/nkciwvJ.png\nSource B: https://i.imgur.com/WB6yoF5.png\n\n7th July 2022 & 9th July 2022\n--\n\nA$AP Rocky performs "Taylor Swift" at Rolling Loud Portugal and Postivus Festial. He also sold a T-Shirt themed after the song (it\'s called Wetty on the shirt, the song was offically named both titles)\n\n(I’m mentioning this as proof the video was still likely intended to release)\n\nSource: https://www.setlist.fm/setlist/aap-rocky/2022/praia-da-rocha-portimao-portugal-5bb52304.html\n\n9th July 2022 - "Taylor Swift" Music Video Leaks\n--\n\nA user named "Jacks0nz" leaks the "Taylor Swift" Music Video leaks in full. Theres a lot in this thread so heres the cliffnotes\n\n* MrArmor is accused of re-selling the track multiple times\n\n* MrArmor claims he only sold once, and that other people had and sold the song.\n\n (Note MrArmor has not been banned on site, making this likely true)\n\n\n26th July 2022 \n--\n\nA seller puts up a dozen music videos for sale, these include\n\n* A$AP Rocky - "Psycodelics"\n* A$AP Rocky - "Tony Tone" [OG]\n* Travis Scott - "Too Much Power" which is directed by Frank Ocean.\n\n(I’m mentioning this as proof that other sellers have Music Video content that relates to Rocky & Frank)\n\nSource: The post has been taken down but the date is listed on the Travis Scott Tracker and the author of that is reliable as fuck\n\n2nd May 2023 - "Changes" Music Video Leaks\n--\n\nMourningassassin & Catsup leak Frank Ocean - "Changes" Music Video in full. They directly claim Director Hidjifilms directed and sold this video.\n\nHidjifilms responds to the public accusation on Instagram. Directly claiming he didn\'t direct, edit or sell the video.\n\nSource A: https://i.imgur.com/smEOfol.png\n\nSource B: https://i.imgur.com/IxiK0aG.png\n\nSource C: https://i.imgur.com/vv9FDYO.png\n\n\n2rd May 2023\n--\n\nHidjifilms mentions the leak on Instagram again\n\nSource: https://i.imgur.com/Qt0GJo3.png\n\n4th May 2023\n--\n\nMourningassassin doubles down on the accusation, Posting the screenshot of the "Taylor Swift" transaction with Hidji\'s name in it.\n\nMourningassassin and a random frank ocean fan interact with Hidjifilms via instagram & discord. Hidjifilms \n\n* Seemingly lies to the random discord fan about having a discord account\n\n* Tells mourningcup he doesn\'t have to clear his name\n\n* Jokes about selling a unreleased 2008 Kanye West music video for $50,000\n\nIn a conversation with myself, Mourningcup refuses to state if he has any direct evidence linking any real Hidjifilms accounts to any song sales.\n\nSource A: (Frank Fan x Hidji) https://i.imgur.com/lnYydnL.png\n\nSource B: (Frank Fan 2 x Hidji) https://i.imgur.com/0oFCwXN.png\n\nSource C: (Mourningasssassin x Hidji) https://i.imgur.com/Gs1Dplm.png\n\nSource D: Mourningassassin x Me) https://i.imgur.com/GpKS1hY.png\n\n\n-----\n\nTL;DR\n--\n\nSo overall we know:\n\n\n* It is confirmed Hidjifilms did not work on the "Taylor Swift" music video.\n\n* There is no confirmation Hidjifilms worked on the "Changes" music video. \n\n* Hidjifilms directly denies that he had any involvement with the "Changes" music video.\n\n* There is no evidence connecting any verified Hidjifilms account to the discord account that sold the "Taylor Swift" music video.\n\n* The discord account that sold the "Taylor Swift" music video uses a Hidji selfie uploaded half a year after this conversation happened\n\n* Multiple sellers have AWGE associated content and music video content in general.\n\nAt this time people like OnThinIce have posts directly stating Hidjifilms has sold unreleased videos with 200k+ views when there is zero proof Hidjifilms has had any involvement. This sub is taking the word of a leaker as gospel and rumours like this can destroy peoples careers and all of this is from a Leaker who has only leaked this video and two very short, unfinished demos that he still refuses to post proof about publicly \n\nThis isn’t even the first time something like this has happened \n\n-Forza was exposed for selling two scrapped Lil Uzi Vert songs which was warped and exaggerated online to the point where a lot of people think he sold and leaked many other songs that were going to release\n\n-JetsonMade was “exposed” for selling unreleased Playboi Carti when someone with all his beats threatened to leak all of them if he didn’t comply. The song he allegedly sold isn’t even produced by Jetson and all his beats did end up leaking.\n\n-Desiigner had an album’s worth of content leaked under the name “Fuck GOOD” around the time Desiigner asked to be released from the label. Many news sources and communities said Desiigner himself leaked his upcoming album when it was just a miscellaneous compilation named by the leakers\n\nThis shit can seriously damage real artists all because people with unreleased have fun stirring shit\n\nAnd also fuck OnThinIce.\n\nUPDATE: There was an error in the timeline due to me forgetting to translate two dates, has been fixed.', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/', '1388xrf', [['u/curbsideaudio', 125, '2023-05-05 05:45', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix6mog/', 'I agree, I’m not convinced this guy had anything to do with the leak. \n\nVery thorough work, here. Thank you for putting this together!', '1388xrf'], ['u/Impressive-Egg6570', 64, '2023-05-05 06:01', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix8cs8/', 'Not reading all that. But congrats. Or sorry to hear that.', '1388xrf'], ['u/R0cketmanfromCanada', 179, '2023-05-05 06:04', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix8kxm/', 'Hidji lawyer pulled up in the sub to rep his client', '1388xrf'], ['u/Homie108', 30, '2023-05-05 06:12', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix9gpk/', 'Travis Scott has a music video directed by Frank?', '1388xrf'], ['u/Batby', 23, '2023-05-05 06:14', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix9mlv/', 'Yeah Too Much Power feat. Westside Gunn & James Blake', '1388xrf'], ['u/Batby', 23, '2023-05-05 06:16', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jix9vfq/', 'Yes it is lol. Lost Forever is just the snippet name fans gave it when Travis previewed it', '1388xrf'], ['u/Batby', 99, '2023-05-05 07:03', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixe6i9/', '20 or so min of my time to help prevent a super cool artist from having baseless rumour destroy his reputation is worth to me, been a fan of his work for awhile', '1388xrf'], ['u/falumba', 12, '2023-05-05 07:08', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixen0m/', 'homer, weird unrelated animation, a dude rubbing on a hole in a pane of glass. \n\nyeah im not surprised that’s not coming out', '1388xrf'], ['u/R0cketmanfromCanada', 27, '2023-05-05 07:36', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixgyod/', 'Nah I respect it bro mfers just be saying anything to for clicks nowadays', '1388xrf'], ['u/Dgdaniel336', 21, '2023-05-05 07:38', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixh6h6/', 'You guys are so fucking bored', '1388xrf'], ['u/bape1', 47, '2023-05-05 08:35', 'https://www.reddit.com/r/FrankOcean/comments/1388xrf/full_timeline_of_the_hidjifilms_accusation_and/jixlmt8/', 'that unemployed friend on a thursday night:', '1388xrf']]], ['u/SecretCryptoAcct69', '$7 Tx Fees on BTC?? Woah mama.', 12, '2023-05-05 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/', "So there I was minding my own business, about to finish my nightly triple feature watching Wall Street, The Wolf of Wall Street, and The Big Short, about to transfer some of my preciousss BTC from my CEX over to my hard wallet, when I double-checked the transaction fees... and WOAH. $7?? For a BTC transaction?? What is this, an ERC-20 token??\n\nI pulled this up just to verify:\n\nhttps://preview.redd.it/qu03ho8unxxa1.jpg?width=1853&format=pjpg&auto=webp&v=enabled&s=1a16f05e64dfe03ccefa49a5d7ef87fb4c7c173d\n\nYowza. BTC fees are UP this week. Is this all because of the BRC-20 protocols? Lots of NFTs and memes on Bitcoin's blockchain now? \n\nI'm hoping this spike will go back to normal soon and we can all get back to transferring our preciousss back to ~~hobbiton~~ our hard wallets soon. \n\nHave a great night, degens. Keep it secret, keep it safe.", 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/', '1389qwx', [['u/Parush9', 11, '2023-05-05 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/jix7urc/', 'It’s ridiculous what people are pushing into Bitcoin Blockchain . Ordinals , BRC 20 protocols do we really need them when there are plenty other chains available.', '1389qwx'], ['u/Suspicious_Army_904', 13, '2023-05-05 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1389qwx/7_tx_fees_on_btc_woah_mama/jixfecg/', "The more entertaining conundrum is watching btc maxis wrestling with both the concept of wanting to ban (censorship) ordinals of fart noises and questionable porn stored on their precious blockchain whilst also wanting to celebrate another use case for btc that doesn't require a layer 2. \n\nIts a delicious paradox that has all kinds of infighting going on where die hard maxis who were previously claiming only shitcoins dealt in worthless NFTs are now watching their holier than thou blockchain flooded with worthless jpegs driving up fees and block space lol. And there are whole crowds within the maxi space who are overjoyed to be in competition with said shitcoins as if it's an example of btc's inherent superiority.\n\nI mean, it couldn't happen to a more bipartizan bunch of people, honestly lol.", '1389qwx']]], ['u/AutoModerator', '[Daily Discussion] - Friday, May 05, 2023', 31, '2023-05-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/', '138a1hx', [['u/chrisgilesphoto', 20, '2023-05-05 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jixrtld/', "It's another Bank Failure Friday\n\nBFF is becoming a thing, soon you'll have to buy people cards and gifts like on Valentines.", '138a1hx'], ['u/GorillainLove', 19, '2023-05-05 11:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jixx2pa/', 'Who is they?', '138a1hx'], ['u/spinbarkit', 14, '2023-05-05 12:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiy2ltn/', 'evil men that want OUR MONEY', '138a1hx'], ['u/ChadRun04', 10, '2023-05-05 12:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiy3hwd/', "Jokes on them. I'm buying at this price and at the price they dump it to.\n\nHowever they too will be buying at that price, so guess I'll be fine.", '138a1hx'], ['u/DamonAndTheSea', 13, '2023-05-05 15:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiyi502/', '[Simple read on the daily.](https://www.tradingview.com/x/sGdQRZed/) Above $30k and price can run to top of the channel ($33k - $34k). A break below ~$28k would make me think price revisits $25k. \n\nThe pivots and structure here is great for traders on either side IMO. \n\nMy bias here is that there’s a [final 3rd drive](https://www.tradingview.com/x/48z03wRv/) before the larger drop and consolidation.\n\nThe [stable coin dominance RSI](https://www.tradingview.com/script/4zauaOcE-Stable-Coin-Dominance-RSI/) indicator I made is [heading towards baseline](https://www.tradingview.com/x/G6UuYfUS/) seen from the prior cycle which can be a point of caution (mind you, this is broad strokes indicator).', '138a1hx'], ['u/AbskPrhr', 13, '2023-05-05 15:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiynh1j/', 'i hate these meme coins...', '138a1hx'], ['u/Essexal', 20, '2023-05-05 18:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiza96f/', 'Closing my long from 28.2 here.\n\nI don’t need the stress over the weekend.\n\nGGs.', '138a1hx'], ['u/[deleted]', 16, '2023-05-05 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jizrfvm/', 'I sold my house this week and turned the profits into crypto. Idk if price goes up or down from here but I felt comfortable buying this week and not waiting. Already made some nice gains on it the past few days haha.', '138a1hx'], ['u/anon-187101', 20, '2023-05-05 20:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jiztumr/', "Ser, this is a Bitcoin's.", '138a1hx'], ['u/Znt', 10, '2023-05-05 20:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jizurdl/', 'You are going to make so much money - you may actually end up retiring early in about 18 months.\n\nPlease no margin trading.', '138a1hx'], ['u/_TROLL', 20, '2023-05-05 23:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/138a1hx/daily_discussion_friday_may_05_2023/jj0lx9a/', '> I can\'t say here because we can\'t say Voldemort\'s name. \n\nETHEREUM. 😤\n\nIMO, the word should be whitelisted again, I understand back in 2016 or whatever when the very concept of an altcoin was somewhat new, but you should be able to talk about certain things (the ratio, dominance, ERC-20 vs BRC-20, etc) that are relevant to BTC trading. Everyone already knows what "#2" or "VitalikCoin" actually refers to anyway.', '138a1hx']]], ['u/rcnet96', 'Ya think Mashinsky shows up to Bitcoin 2023 in Miami?', 38, '2023-05-05 06:12', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/', 'I got a little message that I want to personally deliver to him.', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/', '138aaza', [['u/JustSpray7800', 24, '2023-05-05 07:49', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/jixi2gr/', 'I actually think they will. They were testing the waters at Ny when then went out on the conference and also to a NBA game. \n\nHe will be there in Miami. question is who will be waiting for him?', '138aaza'], ['u/DefiantAbalone1', 20, '2023-05-05 09:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/jixqqaj/', 'It would be a shame if someone accidentally spilled a bucket of tar and bag of feathers on him.', '138aaza'], ['u/Source_YourMom', 12, '2023-05-05 15:07', 'https://www.reddit.com/r/CelsiusNetwork/comments/138aaza/ya_think_mashinsky_shows_up_to_bitcoin_2023_in/jiyia3y/', '….And accidentally dropped a bowling ball on his nuts', '138aaza']]], ['u/Chidori__O', 'Guys I have this great original idea for a fangame!', 38, '2023-05-05 06:27', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/', 'Okay so the premise is this takes place post DD and is an AU where Apollo doesn’t take off the eyepatch and jacket and never smiles again. \n\nEdgeworth goes to visit von Karma in prison. von Karma tells him “want to see a magic trick” and then dies! he drops the gun and edgeworth picks it up, putting his fingerprints on the murder weapon. it’s a really complicated locked room murder. the prosecutor is Godot. Here’s an example conversation. (NOTE THIS IS STILL A WORK IN PROGRESS). Prosecutor is Godot, defense is Phoenix, assistant is Edgeworth, and the witness is Kristoph Gavin\n\n> Godot: fuck you trite i never liked you \n\n> Phoenix: wait godot why not- gets coffee thrown in his face\n\n> Godot: okay witness start your testimony\n\n> Kristoph: of course godot, or should i say, mr armando?\n\n> Godot: shocked expression how did you know…\n\n> Kristoph: All in good time, now let me testify witness testimony starts\n\n> Kristoph: I was reading in my cell when I saw Edgeworth and von Karma walking\n\n> Kristoph: They started yelling at each other\n\n> Kristoph: Then he pulled out a knife and stabbed the victim!\n\n> audience in shambles\n\n> Judge: Order! Order! i guess based on this testimony, i have no choice but to declare Edgeworth gui-\n\n> SILENCE! (Phoenix uses the silence bubble here because i think it’s cool and fits his character well). everyone dramatic shocked reaction \n\n> Phoenix: the defense has the right to cross examine the witness!!!!!! \n\n> judge: okay, but if you press them too hard, you will get penalized (see i’m gonna be clever and you don’t actually have to press at all, and ALL the statements will penalize you if you press, and download bitcoin miners on your computer too)\n\n> Phoenix: crap, i can’t find the contradiction, is it over?\n\n> Edgeworth: of course not feenie, you got this, if anyone can do it, it’s the man who gave me unnecessary feelings…\n\n> Phoenix: of course! i can do it now, thank you. i just have change my thinking around. the victim died by gunshot…what could be the problem with that testimony????????\n\n> Godoy: hah, better start your first, and last cross examination trite, also go fuck your self \n\nthen the cross examination starts but i haven’t written that far yet. also there’s swearing in my game so only mature people can play it okay? and maya is canonically 17 year old in my AU and doesnt age, and mentions many times that her and Phoenix have a sibling or father/daughter relationship\n\nthere’s lots of angst and character development to this story, hope you guys got the symbolism of von karma getting shot (symbolizes him dying)\n\nwhat do you guys think? got any tips? also see if you can spot the contradiction, it’s hard ;) i made the game and i still fail this testimony a few times \n\nalso need some custom sprite makers please, can pay in exposure, need to make a cool edgy (not to be confused with edgeworth!) breakdown', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/', '138alu0', [['u/Placek15', 17, '2023-05-05 11:19', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/jixx08n/', 'This is why Capcom should hire fans', '138alu0'], ['u/otototototo', 15, '2023-05-05 12:00', 'https://www.reddit.com/r/AceAttorneyCirclejerk/comments/138alu0/guys_i_have_this_great_original_idea_for_a_fangame/jixzuxn/', "if it doesn't feature a 40 minute anime cutscene of aura pegging apollo i'm not interested.", '138alu0']]], ['u/rBitcoinMod', 'Daily Discussion, May 05, 2023', 28, '2023-05-05 08:02', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/137d1rs/lightning_thursday_may_04_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/', '138cheb', [['u/criptomusico', 12, '2023-05-05 08:43', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jixm7ml/', 'First comment ever. Buy Bitcoin :)', '138cheb'], ['u/escodelrio', 14, '2023-05-05 14:34', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiyeafz/', "Historical Bitcoin prices for today, May 5th:\r \n\r \n2023 - $29,123\r \n2022 - $39,691\r \n2021 - $57,501\r \n2020 - $8,900\r \n2019 - $5,824\r \n2018 - $9,827\r \n2017 - $1,512\r \n2016 - $449\r \n2015 - $237\r \n2014 - $430\r \n2013 - $116\r \n2012 - $5.1\r \n2011 - $3.3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/05/2023 is $9,027.16.\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1654440987828133891).", '138cheb'], ['u/FinallySteppingIn', 11, '2023-05-05 15:53', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiyofqh/', 'Depends where you are in the world and how badly you want to stack sats.\n\nFiat mining is best. Work 40+ hours a week, cover expenses and buy BTC with the rest. DCA\n\nAside from fiat mining to stack sats I also;\nPlay a trivia game to make $5-$20 per week\n\nShake my phone daily for a streak of satoshis (up to 1k per day)\n\nWrite articles on sites like nostr and publish.ox for a few days per read!\n\n\nHave a lightning wallet to accept reddit tips!', '138cheb'], ['u/HurricaneHarvey7', 12, '2023-05-05 17:53', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiz6a28/', "I don't even care about selling, I just want to see a huge pump for the entertainment of it.", '138cheb'], ['u/HurricaneHarvey7', 10, '2023-05-05 18:20', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jiza91n/', 'Anything under $30k is a good buy', '138cheb'], ['u/Umpire_State_Bldg', 10, '2023-05-05 19:54', 'https://www.reddit.com/r/Bitcoin/comments/138cheb/daily_discussion_may_05_2023/jizocgk/', 'Anything under $30K is a fantastic buy. Anything under $500K is a good buy.', '138cheb']]], ['u/Krykowiaky', 'The paradox of Bitcoin', 28, '2023-05-05 11:55', 'https://www.reddit.com/r/CryptoCurrency/comments/138gvql/the_paradox_of_bitcoin/', 'Bitcoin has been under 30k for many months now, even under 20k. The thing is that by now, the majority of people have already heard of this name "Bitcoin". But for some reason, they are ignoring the prices now only to come back when Bitcoin hits an ATH.\n\nThe process is like this: Bitcoin hits an all-time ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Photo by ANGELA WEISS/AFP via Getty Images) US stocks jumped on Friday as tech behemoth Apple and regional bank stocks climbed. The S&P 500 was able to close higher after four days of declines. Treasury yields soared after the US economy added 253,000 jobs in April, much more than anticipated. US stocks staged a rally Friday fronted by Apple and regional bank shares, as investors brushed aside rising bond yields sparked by an April jobs report that crushed expectations. The S&P 500 finished higher after four consecutive losses, and the Dow Jones Industrial Average piled on more than 500 points. Headlining those moves was Apple , whose shares climbed on a dividend increase , a $90 billion share-buyback plan, and rising iPhone sales that helped the company beat quarterly earnings expectations. Apple is the most heavily weighted stock on the S&P 500. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,136.37, up 1.85% Dow Jones Industrial Average : 33,674.31, up 1.65% (546.57 points) Nasdaq Composite : 12,235.41, up 2.25% Equities also found strength from a jump in regional bank shares, including PacWest and Western Alliance after sharp selloffs during the week. One bank industry group asked the Securities and Exchange Commission to stop short-seller attacks on their stocks driven by social-media speculation. Stocks powered through a surge in Treasury yields. Yields ran up as the bond market sold off following the stronger-than-expected US jobs report for April. Investors were tempering expectations for the Fed to start cutting interest rates sooner than later in 2023. The 2-year note yield , reflecting expectations for Fed moves, climbed nearly 20 basis points to 3.91%. Nonfarm payroll employment of 253,000 trounced the 180,000 estimate. The unemployment rate fell to 3.4%. "The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week. But the big revisions to the prior readings suggest the jobs market is perhaps not as strong as the latest data makes it out to be," Fawad Razaqzada, market analyst at City Index, wrote in a Friday note. While stocks rose Friday, Wall Street\'s major indexes still fell on a weekly basis. Here\'s what else is happening today: Short sellers brought in $400 million in a single day from the selloff in regional banks. Biggest banks will reportedly pay to refill the FDIC\'s deposit insurance fund. The dollar\'s slump will continue as the Fed prepares to pause rate hikes, UBS said. The Fed just brought in its final interest-rate hike , said billionaire bond investor Jeff Gundlach. De-dollarization fears are overblown , but rising debt is among top threats to the greenback, Bank of America says. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude climbed 4% to $71.45 per barrel. Brent crude, the international benchmark, rose 3.7% to $73.78. Gold fell 1.5% to $2,025.60 per ounce. The 10-year Treasury yield rose 8 basis points to 3.43%. Bitcoin picked up 2.2% to $29,483.50. Read the original article on Business Insider View comments', '• US stocks jumped on Friday as tech behemoth Apple and regional bank stocks climbed.\n• The S&P 500 was able to close higher after four days of declines.\n• Treasury yields soared after the US economy added 253,000 jobs in April, much more than anticipated.\nUS stocks staged a rally Friday fronted byAppleand regional bank shares, as investors brushed aside rising bond yields sparked by an April jobs report that crushed expectations.\nThe S&P 500 finished higher after four consecutive losses, and the Dow Jones Industrial Average piled on more than 500 points. Headlining those moves wasApple, whose shares climbed on adividend increase, a $90 billion share-buyback plan, and rising iPhone sales that helped the company beat quarterly earnings expectations. Apple is the most heavily weighted stock on the S&P 500.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,136.37, up 1.85%\n• Dow Jones Industrial Average:33,674.31, up 1.65% (546.57 points)\n• Nasdaq Composite:12,235.41, up 2.25%\nEquities also found strength from a jump in regional bank shares, includingPacWestandWestern Allianceafter sharp selloffs during the week. One bank industry group asked the Securities and Exchange Commission tostop short-seller attackson their stocks driven by social-media speculation.\nStocks powered through a surge in Treasury yields. Yields ran up as the bond market sold off following the stronger-than-expectedUS jobs reportfor April. Investors were tempering expectations for the Fed to start cutting interest rates sooner than later in 2023. The2-year note yield, reflecting expectations for Fed moves, climbed nearly 20 basis points to 3.91%.\nNonfarm payroll employment of 253,000 trounced the 180,000 estimate. The unemployment rate fell to 3.4%.\n"The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week. But the big revisions to the prior readings suggest the jobs market is perhaps not as strong as the latest data makes it out to be," Fawad Razaqzada, market analyst at City Index, wrote in a Friday note.\nWhile stocks rose Friday, Wall Street\'s major indexes still fell on a weekly basis.\nHere\'s what else is happening today:\n• Short sellers brought in $400 millionin a single day from the selloff in regional banks.\n• Biggest banks will reportedly pay torefill the FDIC\'s deposit insurance fund.\n• Thedollar\'s slumpwill continue as the Fed prepares to pause rate hikes, UBS said.\n• The Fed just brought in its final interest-rate hike, said billionaire bond investor Jeff Gundlach.\n• De-dollarization fears are overblown, but rising debt is among top threats to the greenback, Bank of America says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate crudeclimbed 4% to $71.45 per barrel.Brent crude,the international benchmark, rose 3.7% to $73.78.\n• Goldfell 1.5% to $2,025.60 per ounce.\n• The10-year Treasury yieldrose 8 basis points to 3.43%.\n• Bitcoinpicked up 2.2% to $29,483.50.\nRead the original article onBusiness Insider', 'BillBitcoins joins the ranks of fintech elites, named a top crypto payment processor by a leading global tech research firm, cementing its global standing. PALO ALTO, Calif. , May 6, 2023 /PRNewswire-PRWeb/ -- BillBitcoins made headlines by making it into the list of top crypto payment gateways worldwide. The crypto payment processor has been recognized in an international listing of top crypto payment processors by the renowned tech research firm, TechResearcho . Rising Global Crypto Adoption: Cryptocurrencies are widely adopted across the world today. Several businesses are building crypto payment gateways to accept cryptocurrencies as payments. Reports indicate the crypto payment gateway market is growing at a CAGR of 16.8%, and it is expected to reach $ 4.12 billion by 2029. 60% of the top companies in the world are already accepting and using at least one digital asset for cross-border transactions. The global crypto economy is worth $1.1 trillion enabling businesses to adopt the crypto payment gateways and make profits. Billbitcoins , developed by HashCash Consultants , is a popular crypto payment processor for merchants to accept Bitcoin and other cryptocurrency payments securely. With three package options, the payment gateway caters to the needs of different businesses. The firm\'s CEO Raj Chowdhury , also a and blockchain pioneer, asserts, "At Billbitcoins, we strive to provide our clients with a seamless and secure payment experience, while also contributing to the growth and mainstream adoption of cryptocurrencies." Features of BillBitcoins: Additionally, it provides unlimited transactions, report generation, and personal tech support. The major e-commerce platforms or any SMBs can integrate the API ensuring seamless integration. With cutting-edge security features and compliance with major regulatory frameworks worldwide, Billbitcoins is a reliable crypto payment processor. As payment processors upgrade their systems to enable cryptocurrency transactions, businesses must adapt and provide customers with more payment options. Transaction volumes will continue to grow as consumers embrace making payments via cryptocurrencies. While traditional financial institutions may soon have to follow the same. Story continues About BillBitcoins: BillBitcoins, a product of HashCash Consultants is one of the leading crypto payment gateways operating worldwide. The platform is managed by a team of experts and has experience in banking solutions, and blockchain technology. For starters, the platform offers $100 daily free transactions, and up to $1000 after completion of background verifications. BillBitcoin also offers a white-label Bitcoin payment gateway for businesses worldwide. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE Hashcash Digest', 'BillBitcoins joins the ranks of fintech elites, named a top crypto payment processor by a leading global tech research firm, cementing its global standing. PALO ALTO, Calif. , May 6, 2023 /PRNewswire-PRWeb/ -- BillBitcoins made headlines by making it into the list of top crypto payment gateways worldwide. The crypto payment processor has been recognized in an international listing of top crypto payment processors by the renowned tech research firm, TechResearcho . Rising Global Crypto Adoption: Cryptocurrencies are widely adopted across the world today. Several businesses are building crypto payment gateways to accept cryptocurrencies as payments. Reports indicate the crypto payment gateway market is growing at a CAGR of 16.8%, and it is expected to reach $ 4.12 billion by 2029. 60% of the top companies in the world are already accepting and using at least one digital asset for cross-border transactions. The global crypto economy is worth $1.1 trillion enabling businesses to adopt the crypto payment gateways and make profits. Billbitcoins , developed by HashCash Consultants , is a popular crypto payment processor for merchants to accept Bitcoin and other cryptocurrency payments securely. With three package options, the payment gateway caters to the needs of different businesses. The firm\'s CEO Raj Chowdhury , also a and blockchain pioneer, asserts, "At Billbitcoins, we strive to provide our clients with a seamless and secure payment experience, while also contributing to the growth and mainstream adoption of cryptocurrencies." Features of BillBitcoins: Additionally, it provides unlimited transactions, report generation, and personal tech support. The major e-commerce platforms or any SMBs can integrate the API ensuring seamless integration. With cutting-edge security features and compliance with major regulatory frameworks worldwide, Billbitcoins is a reliable crypto payment processor. As payment processors upgrade their systems to enable cryptocurrency transactions, businesses must adapt and provide customers with more payment options. Transaction volumes will continue to grow as consumers embrace making payments via cryptocurrencies. While traditional financial institutions may soon have to follow the same. Story continues About BillBitcoins: BillBitcoins, a product of HashCash Consultants is one of the leading crypto payment gateways operating worldwide. The platform is managed by a team of experts and has experience in banking solutions, and blockchain technology. For starters, the platform offers $100 daily free transactions, and up to $1000 after completion of background verifications. BillBitcoin also offers a white-label Bitcoin payment gateway for businesses worldwide. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE Hashcash Digest', 'BillBitcoins joins the ranks of fintech elites, named a top crypto payment processor by a leading global tech research firm, cementing its global standing. PALO ALTO, Calif. , May 6, 2023 /PRNewswire-PRWeb/ -- BillBitcoins made headlines by making it into the list of top crypto payment gateways worldwide. The crypto payment processor has been recognized in an international listing of top crypto payment processors by the renowned tech research firm, TechResearcho . Rising Global Crypto Adoption: Cryptocurrencies are widely adopted across the world today. Several businesses are building crypto payment gateways to accept cryptocurrencies as payments. Reports indicate the crypto payment gateway market is growing at a CAGR of 16.8%, and it is expected to reach $ 4.12 billion by 2029. 60% of the top companies in the world are already accepting and using at least one digital asset for cross-border transactions. The global crypto economy is worth $1.1 trillion enabling businesses to adopt the crypto payment gateways and make profits. Billbitcoins , developed by HashCash Consultants , is a popular crypto payment processor for merchants to accept Bitcoin and other cryptocurrency payments securely. With three package options, the payment gateway caters to the needs of different businesses. The firm\'s CEO Raj Chowdhury , also a and blockchain pioneer, asserts, "At Billbitcoins, we strive to provide our clients with a seamless and secure payment experience, while also contributing to the growth and mainstream adoption of cryptocurrencies." Features of BillBitcoins: Additionally, it provides unlimited transactions, report generation, and personal tech support. The major e-commerce platforms or any SMBs can integrate the API ensuring seamless integration. With cutting-edge security features and compliance with major regulatory frameworks worldwide, Billbitcoins is a reliable crypto payment processor. As payment processors upgrade their systems to enable cryptocurrency transactions, businesses must adapt and provide customers with more payment options. Transaction volumes will continue to grow as consumers embrace making payments via cryptocurrencies. While traditional financial institutions may soon have to follow the same. Story continues About BillBitcoins: BillBitcoins, a product of HashCash Consultants is one of the leading crypto payment gateways operating worldwide. The platform is managed by a team of experts and has experience in banking solutions, and blockchain technology. For starters, the platform offers $100 daily free transactions, and up to $1000 after completion of background verifications. BillBitcoin also offers a white-label Bitcoin payment gateway for businesses worldwide. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE Hashcash Digest', 'Bitcoin. Photo by Getty Images Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic. He cited bitcoin halving, which will reduce mining rewards and supply of the token. The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added. Bitcoin has soared more than 74% to start 2023, but the world\'s most popular token by market cap could more than double by next year, according to Bob Ras, cofounder of blockchain firm Sologenic . A key catalyst will be the halving process, which is when the reward for miners is cut in half. It\'s meant to cut the supply of tokens and historically has sparked price increases. "When bitcoin\'s halving kicks in a year from now, we\'ll likely be well on our way past the previous all-time high," Ras told Insider. That would mean bitcoin soars past the $67,000 level reached in November 2021, up from about $29,000 on Friday. Meanwhile, bitcoin appears to be front-running the belief that looser policy from the Federal Reserve is on the way, Ras explained. The Fed on Wednesday hiked rates for the 10th consecutive time , but Wall Street widely expects that to be the last increase of this tightening cycle. He thinks the token\'s rally points to a future that is effectively a return to lower rates and more quantitative easing. Technical indicators, such as long-term moving averages, suggest upside and momentum, he said, but it\'s the broader landscape that will determine its performance the rest of the year. And he wouldn\'t be surprised if bitcoin hits $40,000 by the end of 2023. "Coupled with signs of slowing [economic] growth, the changing macro picture is pointing towards a Fed that will likely soon have to cut interest rates and inject a lot of liquidity into the market," Ras said. "If the Fed doesn\'t do this, then we could face a serious contraction, punctuated by a possible credit crunch. Either way, all roads appear to be leading to a loosening of monetary policy sooner rather than later." Story continues Ras isn\'t alone in his bullishness. Standard Chartered published a recent note that said bitcoin could soar to $100,000 by the middle of next year, and Matrixport predicted that bitcoin could more than double to about $65,000 by next April. A hedge against financial turmoil As the banking crisis that started with Silicon Valley Bank in March continues to spark contagion fears, more retail and institutional investors have been turning to bitcoin as a hedge, Ras said. That turmoil re-emerged over the past week as regulators seized First Republic on Monday and sold the bulk of its assets to JPMorgan, triggered sell-offs at regional banks PacWest Bancorp and Western Alliance . "The banking crisis helped to cement the narrative of bitcoin serving as a key store of value that lacks the sort of counterparty risk of holding funds by way of bank deposits," Ras said. "Bitcoin offers protection by way of decentralization, self-custody and a network that has never been hacked." But a credit crisis poses the biggest downside risk for bitcoin, he said. In such a scenario, bitcoin as well as gold, another traditional safe-haven investment, could see a sharp decline in value. "I\'m not sure such a scenario would happen," Ras said, "but it\'s possible and would unleash a tremendous amount of volatility, not only for bitcoin but all markets." Read the original article on Business Insider', '• Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic.\n• He cited bitcoin halving, which will reduce mining rewards and supply of the token.\n• The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added.\nBitcoinhas soared more than 74% to start 2023, but theworld\'s most popular tokenby market cap could more than double by next year, according to Bob Ras, cofounder of blockchain firmSologenic.\nA key catalyst will be the halving process, which is when the reward for miners is cut in half. It\'s meant to cut the supply of tokens and historically has sparked price increases.\n"When bitcoin\'s halving kicks in a year from now, we\'ll likely be well on our way past the previous all-time high," Ras told Insider.\nThat would mean bitcoin soars past the $67,000 level reached in November 2021, up from about $29,000 on Friday.\nMeanwhile, bitcoin appears to be front-running the belief that looser policy from the Federal Reserve is on the way, Ras explained.\nThe Fed on Wednesdayhiked rates for the 10th consecutive time, but Wall Street widely expects that to be the last increase of this tightening cycle.\nHe thinks the token\'s rally points to a future that is effectively a return to lower rates and more quantitative easing.\nTechnical indicators, such as long-term moving averages, suggest upside and momentum, he said, but it\'s the broader landscape that will determine its performance the rest of the year. And he wouldn\'t be surprised if bitcoin hits $40,000 by the end of 2023.\n"Coupled with signs of slowing [economic] growth, the changing macro picture is pointing towards a Fed that will likely soon have to cut interest rates and inject a lot of liquidity into the market," Ras said. "If the Fed doesn\'t do this, then we could face a serious contraction, punctuated by a possible credit crunch. Either way, all roads appear to be leading to a loosening of monetary policy sooner rather than later."\nRas isn\'t alone in his bullishness. Standard Chartered published a recent note that saidbitcoin could soar to $100,000by the middle of next year, and Matrixport predicted that bitcoin could more than double to about $65,000 by next April.\nAs the banking crisis that started withSilicon Valley Bankin March continues to spark contagion fears, more retail and institutional investors have been turning to bitcoin as a hedge, Ras said.\nThat turmoil re-emerged over the past week as regulators seized First Republic on Monday and sold the bulk of its assets to JPMorgan, triggered sell-offs at regional banksPacWest BancorpandWestern Alliance.\n"The banking crisis helped to cement the narrative of bitcoin serving as a key store of value that lacks the sort of counterparty risk of holding funds by way of bank deposits," Ras said. "Bitcoin offers protection by way of decentralization, self-custody and a network that has never been hacked."\nBut a credit crisis poses the biggest downside risk for bitcoin, he said. In such a scenario, bitcoin as well as gold, another traditional safe-haven investment, could see a sharp decline in value.\n"I\'m not sure such a scenario would happen," Ras said, "but it\'s possible and would unleash a tremendous amount of volatility, not only for bitcoin but all markets."\nRead the original article onBusiness Insider', '• Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic.\n• He cited bitcoin halving, which will reduce mining rewards and supply of the token.\n• The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added.\nBitcoinhas soared more than 74% to start 2023, but theworld\'s most popular tokenby market cap could more than double by next year, according to Bob Ras, cofounder of blockchain firmSologenic.\nA key catalyst will be the halving process, which is when the reward for miners is cut in half. It\'s meant to cut the supply of tokens and historically has sparked price increases.\n"When bitcoin\'s halving kicks in a year from now, we\'ll likely be well on our way past the previous all-time high," Ras told Insider.\nThat would mean bitcoin soars past the $67,000 level reached in November 2021, up from about $29,000 on Friday.\nMeanwhile, bitcoin appears to be front-running the belief that looser policy from the Federal Reserve is on the way, Ras explained.\nThe Fed on Wednesdayhiked rates for the 10th consecutive time, but Wall Street widely expects that to be the last increase of this tightening cycle.\nHe thinks the token\'s rally points to a future that is effectively a return to lower rates and more quantitative easing.\nTechnical indicators, such as long-term moving averages, suggest upside and momentum, he said, but it\'s the broader landscape that will determine its performance the rest of the year. And he wouldn\'t be surprised if bitcoin hits $40,000 by the end of 2023.\n"Coupled with signs of slowing [economic] growth, the changing macro picture is pointing towards a Fed that will likely soon have to cut interest rates and inject a lot of liquidity into the market," Ras said. "If the Fed doesn\'t do this, then we could face a serious contraction, punctuated by a possible credit crunch. Either way, all roads appear to be leading to a loosening of monetary policy sooner rather than later."\nRas isn\'t alone in his bullishness. Standard Chartered published a recent note that saidbitcoin could soar to $100,000by the middle of next year, and Matrixport predicted that bitcoin could more than double to about $65,000 by next April.\nAs the banking crisis that started withSilicon Valley Bankin March continues to spark contagion fears, more retail and institutional investors have been turning to bitcoin as a hedge, Ras said.\nThat turmoil re-emerged over the past week as regulators seized First Republic on Monday and sold the bulk of its assets to JPMorgan, triggered sell-offs at regional banksPacWest BancorpandWestern Alliance.\n"The banking crisis helped to cement the narrative of bitcoin serving as a key store of value that lacks the sort of counterparty risk of holding funds by way of bank deposits," Ras said. "Bitcoin offers protection by way of decentralization, self-custody and a network that has never been hacked."\nBut a credit crisis poses the biggest downside risk for bitcoin, he said. In such a scenario, bitcoin as well as gold, another traditional safe-haven investment, could see a sharp decline in value.\n"I\'m not sure such a scenario would happen," Ras said, "but it\'s possible and would unleash a tremendous amount of volatility, not only for bitcoin but all markets."\nRead the original article onBusiness Insider', 'Welcome to the weekend.Phil Rosen here, writing to you from Manhattan.\nI\'m somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin\'s been the top performing asset by a landslide — it\'s up more than 73%.\nI caught up with a blockchain executive toget the scoopon why that rally could see more upside as the economy slows down.\nIf you have any suggestions for who I should interview next, let me know on Twitter@philrosenn, or email [email protected].\nIf this was forwarded to you,sign up here. Download Insider\'s apphere.\nBob Ras is the cofounder of blockchain firm Sologenic. This conversation has been lightly edited for length and clarity.\nPhil Rosen: What\'s the impact of the banking crisis and the Fed on the outlook for bitcoin?\nBob Ras:As big banks have been collapsing, it seems clearer by the day that theseinvestors see bitcoin as a hedgebecause of its decentralized censorship resistance and lack of counterparty risk.\nThere are growing expectations that the Fed will loosen monetary policy and effectively inject a lot more liquidity into the market to shore up the financial system. Andbitcoin is front-running this scenario, pointing to a future that is effectively a return to relatively low rates.\nI wouldn\'t be surprised if$40,000 could be reachedby the end of this year.\nWhat\'s been fueling bitcoin\'s sharp rally to start 2023 so far?\nA big reasonwhy bitcoin has performed so wellwas that it was just really oversold during the collapse of FTX.\nPlus, there\'s on-chain evidence that more and more people and institutions have beenaccumulating bitcoin during the lows, which essentially translated into a supply shock.\nWith so few sellers left, any uptick in demand has an outsize impact on price.\nWhat\'s a downside risk ahead that could weigh on bitcoin prices?\nThe biggest risk would be asharp credit crisisthat causes a rapid contraction.\nIn such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. I\'m not sure such a scenario would happen, but it\'s possible and would unleash atremendous amount of volatilitynot only for bitcoin but all markets.\nRead the full story on bitcoin\'s upside.\nWhat do you think of Ras\'s outlook on the world\'s most popular cryptocurrency?Let me know.\nAnd here are the top stories from markets this week:\n1. A stock portfolio created by ChatGPT is outperforming the top investment funds across the UK.The theoretical portfolio created by Finder.com includes 38 stocks, and it\'s generated 4.9% returns over eight weeks.Here are its top holdings.\n2. Top economist Mohamed El-Erian warned of potential collateral damage from the First Republic-JPMorgan deal.The Wall Street giant agreed on Monday to acquire most of the battered firm\'s assets —but El-Erian sees four critical, unintended consequences that could materialize as a result.\n3. UBS analysts just named 40 cheap stocks that they expect to outperform in a recession.Weaker economic growth will help defensives dominate over cyclicals,and this collection of relatively inexpensive picks look poised to fare well in a weaker landscape.\n4. Russian gold is now flooding the United Arab Emirates, Hong Kong, and Turkey.Sellers have had to find new buyers for the key metal now in light of wartime sanctions from the West. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow —leaving billions of dollars worth of gold in need of new landing spots.\n5. Nobel economist Paul Krugman doesn\'t think dollar dominance is worth much to the US.The notion is overrated, in his view, and he thinks it\'s best just to ignore all the dollar doomers out there:"Or better yet, consider what their hyping of a nonissue says about their own judgment."\n6. Apple attracted $1 billion to its new high-yield savings account in four days.The iPhone marker debuted the account last month, with a yield of 4.15%.And the number of people that have signed up so far represents just a fraction of total iPhone users.\n7. The nation\'s leading market-watchers and policy pros are concerned about a credit crunch and a spiraling commercial real estate sector.It\'s an uncertain time for the US economy, with growth slowing down and inflation staying stubbornly high.Here\'s what three experts expect to come down the pipeline.\n8. Yankees legend A-Rod learned two key rulesabout investing from Warren Buffett.Alex Rodriguez told Bloomberg he became business partners with the billionaire after the Berkshire chief insured his multi-million dollar playing contract. The pair made a habit of meeting up in Omaha —and Rodriguez still carries the lessons with him today.\n9. These 20 defensive stocks could help your portfolio weather a downturn.Morgan Stanley\'s top strategists cautioned that a strong earnings season could convey a false sense of security.But they see this batch of names as one potential corner of opportunity.\n10. BlackRock bond chief Rick Rieder manages $2.7 trillion.He told us how he\'s positioning cash for a fading economy and theportfolio strategy he\'s employing to avoid losses right now.\nCurated by Phil Rosen in New York. Feedback or tips? Tweet@philrosennor [email protected]\nEdited by Max Adams (@maxradams) in New York.\nRead the original article onBusiness Insider', 'Welcome to the weekend. Phil Rosen here, writing to you from Manhattan. I\'m somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin\'s been the top performing asset by a landslide \x97 it\'s up more than 73%. I caught up with a blockchain executive to get the scoop on why that rally could see more upside as the economy slows down. If you have any suggestions for who I should interview next, let me know on Twitter @philrosenn , or email me [email protected] . If this was forwarded to you, sign up here . Download Insider\'s app here. bitcoin A pile of Bitcoin slugs sit in a box ready to be minted on April 26, 2013 in Sandy, Utah. George Frey/Getty Images/AFP/File Bob Ras is the cofounder of blockchain firm Sologenic. This conversation has been lightly edited for length and clarity. Phil Rosen: What\'s the impact of the banking crisis and the Fed on the outlook for bitcoin? Bob Ras: As big banks have been collapsing, it seems clearer by the day that these investors see bitcoin as a hedge because of its decentralized censorship resistance and lack of counterparty risk. There are growing expectations that the Fed will loosen monetary policy and effectively inject a lot more liquidity into the market to shore up the financial system. And bitcoin is front-running this scenario , pointing to a future that is effectively a return to relatively low rates. I wouldn\'t be surprised if $40,000 could be reached by the end of this year. What\'s been fueling bitcoin\'s sharp rally to start 2023 so far? A big reason why bitcoin has performed so well was that it was just really oversold during the collapse of FTX. Plus, there\'s on-chain evidence that more and more people and institutions have been accumulating bitcoin during the lows , which essentially translated into a supply shock. With so few sellers left, any uptick in demand has an outsize impact on price. What\'s a downside risk ahead that could weigh on bitcoin prices? The biggest risk would be a sharp credit crisis that causes a rapid contraction. Story continues In such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. I\'m not sure such a scenario would happen, but it\'s possible and would unleash a tremendous amount of volatility not only for bitcoin but all markets. Read the full story on bitcoin\'s upside. What do you think of Ras\'s outlook on the world\'s most popular cryptocurrency? Let me know . And here are the top stories from markets this week: RTR31M2E Paul Krugman. REUTERS/Brendan McDermid 1. A stock portfolio created by ChatGPT is outperforming the top investment funds across the UK. The theoretical portfolio created by Finder.com includes 38 stocks, and it\'s generated 4.9% returns over eight weeks. Here are its top holdings. 2. Top economist Mohamed El-Erian warned of potential collateral damage from the First Republic-JPMorgan deal. The Wall Street giant agreed on Monday to acquire most of the battered firm\'s assets \x97 but El-Erian sees four critical, unintended consequences that could materialize as a result . 3. UBS analysts just named 40 cheap stocks that they expect to outperform in a recession. Weaker economic growth will help defensives dominate over cyclicals, and this collection of relatively inexpensive picks look poised to fare well in a weaker landscape . 4. Russian gold is now flooding the United Arab Emirates, Hong Kong, and Turkey. Sellers have had to find new buyers for the key metal now in light of wartime sanctions from the West. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow \x97 leaving billions of dollars worth of gold in need of new landing spots. 5. Nobel economist Paul Krugman doesn\'t think dollar dominance is worth much to the US. The notion is overrated, in his view, and he thinks it\'s best just to ignore all the dollar doomers out there: "Or better yet, consider what their hyping of a nonissue says about their own judgment." 6. Apple attracted $1 billion to its new high-yield savings account in four days. The iPhone marker debuted the account last month, with a yield of 4.15%. And the number of people that have signed up so far represents just a fraction of total iPhone users . 7. The nation\'s leading market-watchers and policy pros are concerned about a credit crunch and a spiraling commercial real estate sector. It\'s an uncertain time for the US economy, with growth slowing down and inflation staying stubbornly high. Here\'s what three experts expect to come down the pipeline . 8. Yankees legend A-Rod learned two key rules about investing from Warren Buffett. Alex Rodriguez told Bloomberg he became business partners with the billionaire after the Berkshire chief insured his multi-million dollar playing contract. The pair made a habit of meeting up in Omaha \x97 and Rodriguez still carries the lessons with him today . 9. These 20 defensive stocks could help your portfolio weather a downturn. Morgan Stanley\'s top strategists cautioned that a strong earnings season could convey a false sense of security. But they see this batch of names as one potential corner of opportunity. 10. BlackRock bond chief Rick Rieder manages $2.7 trillion. He told us how he\'s positioning cash for a fading economy and the portfolio strategy he\'s employing to avoid losses right now . Curated by Phil Rosen in New York. Feedback or tips? Tweet @philrosenn or email [email protected] Edited by Max Adams ( @maxradams ) in New York. Read the original article on Business Insider', 'Welcome to the weekend.Phil Rosen here, writing to you from Manhattan.\nI\'m somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin\'s been the top performing asset by a landslide — it\'s up more than 73%.\nI caught up with a blockchain executive toget the scoopon why that rally could see more upside as the economy slows down.\nIf you have any suggestions for who I should interview next, let me know on Twitter@philrosenn, or email [email protected].\nIf this was forwarded to you,sign up here. Download Insider\'s apphere.\nBob Ras is the cofounder of blockchain firm Sologenic. This conversation has been lightly edited for length and clarity.\nPhil Rosen: What\'s the impact of the banking crisis and the Fed on the outlook for bitcoin?\nBob Ras:As big banks have been collapsing, it seems clearer by the day that theseinvestors see bitcoin as a hedgebecause of its decentralized censorship resistance and lack of counterparty risk.\nThere are growing expectations that the Fed will loosen monetary policy and effectively inject a lot more liquidity into the market to shore up the financial system. Andbitcoin is front-running this scenario, pointing to a future that is effectively a return to relatively low rates.\nI wouldn\'t be surprised if$40,000 could be reachedby the end of this year.\nWhat\'s been fueling bitcoin\'s sharp rally to start 2023 so far?\nA big reasonwhy bitcoin has performed so wellwas that it was just really oversold during the collapse of FTX.\nPlus, there\'s on-chain evidence that more and more people and institutions have beenaccumulating bitcoin during the lows, which essentially translated into a supply shock.\nWith so few sellers left, any uptick in demand has an outsize impact on price.\nWhat\'s a downside risk ahead that could weigh on bitcoin prices?\nThe biggest risk would be asharp credit crisisthat causes a rapid contraction.\nIn such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. I\'m not sure such a scenario would happen, but it\'s possible and would unleash atremendous amount of volatilitynot only for bitcoin but all markets.\nRead the full story on bitcoin\'s upside.\nWhat do you think of Ras\'s outlook on the world\'s most popular cryptocurrency?Let me know.\nAnd here are the top stories from markets this week:\n1. A stock portfolio created by ChatGPT is outperforming the top investment funds across the UK.The theoretical portfolio created by Finder.com includes 38 stocks, and it\'s generated 4.9% returns over eight weeks.Here are its top holdings.\n2. Top economist Mohamed El-Erian warned of potential collateral damage from the First Republic-JPMorgan deal.The Wall Street giant agreed on Monday to acquire most of the battered firm\'s assets —but El-Erian sees four critical, unintended consequences that could materialize as a result.\n3. UBS analysts just named 40 cheap stocks that they expect to outperform in a recession.Weaker economic growth will help defensives dominate over cyclicals,and this collection of relatively inexpensive picks look poised to fare well in a weaker landscape.\n4. Russian gold is now flooding the United Arab Emirates, Hong Kong, and Turkey.Sellers have had to find new buyers for the key metal now in light of wartime sanctions from the West. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow —leaving billions of dollars worth of gold in need of new landing spots.\n5. Nobel economist Paul Krugman doesn\'t think dollar dominance is worth much to the US.The notion is overrated, in his view, and he thinks it\'s best just to ignore all the dollar doomers out there:"Or better yet, consider what their hyping of a nonissue says about their own judgment."\n6. Apple attracted $1 billion to its new high-yield savings account in four days.The iPhone marker debuted the account last month, with a yield of 4.15%.And the number of people that have signed up so far represents just a fraction of total iPhone users.\n7. The nation\'s leading market-watchers and policy pros are concerned about a credit crunch and a spiraling commercial real estate sector.It\'s an uncertain time for the US economy, with growth slowing down and inflation staying stubbornly high.Here\'s what three experts expect to come down the pipeline.\n8. Yankees legend A-Rod learned two key rulesabout investing from Warren Buffett.Alex Rodriguez told Bloomberg he became business partners with the billionaire after the Berkshire chief insured his multi-million dollar playing contract. The pair made a habit of meeting up in Omaha —and Rodriguez still carries the lessons with him today.\n9. These 20 defensive stocks could help your portfolio weather a downturn.Morgan Stanley\'s top strategists cautioned that a strong earnings season could convey a false sense of security.But they see this batch of names as one potential corner of opportunity.\n10. BlackRock bond chief Rick Rieder manages $2.7 trillion.He told us how he\'s positioning cash for a fading economy and theportfolio strategy he\'s employing to avoid losses right now.\nCurated by Phil Rosen in New York. Feedback or tips? Tweet@philrosennor [email protected]\nEdited by Max Adams (@maxradams) in New York.\nRead the original article onBusiness Insider', 'So That Happened An ex-Coinbase executive banked big on Bitcoin bouncing back — and ended up cashing out his alliterative bet early once it was clear that he was going to lose. In an embarrassingly-long Twitter Blue subscriber post , Bitcoin booster Balaji Srinivasan explained why he closed out his $1 million bet that the cryptocurrency would reach incredible new heights within 90 days. Earlier this year, Srinivasan — known, like Madonna or Cher, by his first name Balaji in crypto circles — took up pseudonymous leftish blogger James Medlock when the latter tweeted that he would "bet anyone $1 million dollars that the US does not enter hyperinflation." To prove his confidence in the cryptocurrency, Srinivasan — who also used to work at the blockchain-loving Andreessen Horowitz venture capital firm — reportedly wagered, per Politico , 1 Bitcoin, which at the time was worth $30,000 and would, he said, be worth $1 million by June 17. Sportsman Shipping There\'s more than a month left before June 17, but Bitcoin\'s value is now actually slightly less than $30,000 per token — and, perhaps strangest of all, it appears that the crypto bro is willing to admit defeat and put up half a million more than he originally offered to boot. "I’m not a trader, I’m not John McAfee, and I’m not in the habit of publicly burning a million bucks," Srinivasan wrote in his Facebook Notes -length tweet. "The reason I did this was because I do believe in the public good, but unfortunately we can\'t rely on the public sector anymore to tell us when something\'s wrong." But citing the lack of official alarm-sounding ahead of the 2008 financial collapse, Srinivasan suggested that the Federal Reserve\'s current tune can\'t be trusted. "So I spent my own money to send a provably costly signal that there’s something wrong with the economy, and that it\'s not going to be a \'soft landing\' like [Fed chair Jerome] Powell promises — but something much worse," he continued. There\'s something weirdly satisfying about a Bitcoin bro putting his money where his mouth is and not being a sore loser — and he may make some good points about the direction of the economy, too. More on crypto bets: Coinbase Is Suing the SEC', 'So That Happened An ex-Coinbase executive banked big on Bitcoin bouncing back — and ended up cashing out his alliterative bet early once it was clear that he was going to lose. In an embarrassingly-long Twitter Blue subscriber post , Bitcoin booster Balaji Srinivasan explained why he closed out his $1 million bet that the cryptocurrency would reach incredible new heights within 90 days. Earlier this year, Srinivasan — known, like Madonna or Cher, by his first name Balaji in crypto circles — took up pseudonymous leftish blogger James Medlock when the latter tweeted that he would "bet anyone $1 million dollars that the US does not enter hyperinflation." To prove his confidence in the cryptocurrency, Srinivasan — who also used to work at the blockchain-loving Andreessen Horowitz venture capital firm — reportedly wagered, per Politico , 1 Bitcoin, which at the time was worth $30,000 and would, he said, be worth $1 million by June 17. Sportsman Shipping There\'s more than a month left before June 17, but Bitcoin\'s value is now actually slightly less than $30,000 per token — and, perhaps strangest of all, it appears that the crypto bro is willing to admit defeat and put up half a million more than he originally offered to boot. "I’m not a trader, I’m not John McAfee, and I’m not in the habit of publicly burning a million bucks," Srinivasan wrote in his Facebook Notes -length tweet. "The reason I did this was because I do believe in the public good, but unfortunately we can\'t rely on the public sector anymore to tell us when something\'s wrong." But citing the lack of official alarm-sounding ahead of the 2008 financial collapse, Srinivasan suggested that the Federal Reserve\'s current tune can\'t be trusted. "So I spent my own money to send a provably costly signal that there’s something wrong with the economy, and that it\'s not going to be a \'soft landing\' like [Fed chair Jerome] Powell promises — but something much worse," he continued. There\'s something weirdly satisfying about a Bitcoin bro putting his money where his mouth is and not being a sore loser — and he may make some good points about the direction of the economy, too. More on crypto bets: Coinbase Is Suing the SEC', 'So That Happened An ex-Coinbase executive banked big on Bitcoin bouncing back — and ended up cashing out his alliterative bet early once it was clear that he was going to lose. In an embarrassingly-long Twitter Blue subscriber post , Bitcoin booster Balaji Srinivasan explained why he closed out his $1 million bet that the cryptocurrency would reach incredible new heights within 90 days. Earlier this year, Srinivasan — known, like Madonna or Cher, by his first name Balaji in crypto circles — took up pseudonymous leftish blogger James Medlock when the latter tweeted that he would "bet anyone $1 million dollars that the US does not enter hyperinflation." To prove his confidence in the cryptocurrency, Srinivasan — who also used to work at the blockchain-loving Andreessen Horowitz venture capital firm — reportedly wagered, per Politico , 1 Bitcoin, which at the time was worth $30,000 and would, he said, be worth $1 million by June 17. Sportsman Shipping There\'s more than a month left before June 17, but Bitcoin\'s value is now actually slightly less than $30,000 per token — and, perhaps strangest of all, it appears that the crypto bro is willing to admit defeat and put up half a million more than he originally offered to boot. "I’m not a trader, I’m not John McAfee, and I’m not in the habit of publicly burning a million bucks," Srinivasan wrote in his Facebook Notes -length tweet. "The reason I did this was because I do believe in the public good, but unfortunately we can\'t rely on the public sector anymore to tell us when something\'s wrong." But citing the lack of official alarm-sounding ahead of the 2008 financial collapse, Srinivasan suggested that the Federal Reserve\'s current tune can\'t be trusted. "So I spent my own money to send a provably costly signal that there’s something wrong with the economy, and that it\'s not going to be a \'soft landing\' like [Fed chair Jerome] Powell promises — but something much worse," he continued. There\'s something weirdly satisfying about a Bitcoin bro putting his money where his mouth is and not being a sore loser — and he may make some good points about the direction of the economy, too. More on crypto bets: Coinbase Is Suing the SEC', 'After making waves in April with a prediction that Bitcoin would surge to US$100,000 by the end of 2024, Geoff Kendrick, crypto research chief at Standard Chartered Bank, insists there’s more to crypto than its most dominant digital asset. But after the turmoil of the past year — the high profile collapse of stablecoin TerraUSD , the centralized exchange FTX and a trio of crypto-friendly banks — investors need reassurance that their digital assets won’t fall foul of any further meltdowns. For Kendrick, that’s where greater regulation and the involvement of central banks come in. He talked to Forkast’s Jenny Ortiz-Bolivar about the crypto industry beyond Bitcoin, his hopes for greater transparency in the industry and the acceleration of central bank digital currencies worldwide. The Q&A has been edited for clarity and length. Jenny Ortiz-Bolivar: You’ve predicted a surge in the price of Bitcoin. But beyond that, which of the altcoins are you keeping a close eye on? Geoff Kendrick : Ethereum’s upgrades to proof-of-stake in September and, more recently, the Shanghai upgrade, mean that investors can remove coins that have been staked previously. Then there’s the addition of layer 2 solutions, meaning that speed and other concerns around Ethereum are basically a thing of the past. So I’d say Ethereum will continue to dominate. In terms of the other altcoins, I like Solana. It had concerns linked to the FTX collapse in November, but it’s bounced back a bit since then. Some of the staking solutions like Lido are set to trade relatively well, particularly since the removal of some of those coins staked in Ethereum. We’ll probably see the likes of Lido continue to do well given what is a relatively low staked market at the moment in Ethereum versus its smart contract competitors. That will likely pick up over time. Then, in terms of decentralized exchanges, the various concerns beginning in November mean that centralized exchanges are now marginally less trustworthy than they were before. As a result, I’d say decentralized exchanges like Uniswap should also trade well. So, big picture, I like Bitcoin, I like Ethereum, I like Lido on the staking point and I a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,782,776,425 - Hash Rate: 355568840.1119249 - Transaction Count: 601134.0 - Unique Addresses: 619770.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Actions taken by UK banks to restrict customer access to crypto are “not in the spirit of consumer protection,” Circle’s European policy lead said at an event last week. Amidconcernsthat crypto firms are facing difficulties accessing banking services in the UK, Teana Baker-Taylor said individual customers were also being affected. “One thing I think that is pretty clear is the UK banks are now actively unbanking people, not just companies,” Baker-Taylor said during a panel discussion at Citi's Digital Asset Symposium. “It's not about just refusing to give bank accounts to companies,” she said, claiming that banks were unbanking individuals because of their decision to buy “crypto assets that are perfectly legal.” “Then your bank turns you off,” she said. “That, to me, feels very, very wrong, and not in the spirit of consumer protection. It feels very patriarchal.” While there is no evidence of a UK bank shuttering a customer’s account altogether on account of crypto usage, there are several recorded instances of usersfacing temporary freezeson their accounts when trying to buy crypto. Banks havepublicly detailed their policies, which include limits on how much can be transferred at once, and even blanket bans on transfers into crypto. In February, Alison Rose, the chief executive of one of Britain’s so-called ‘big four’ banks, NatWest Group, told politicians the bank had taken a “hard line” on cryptocurrencies. “We're blocking retail and wealth customers from transferring into crypto assets because of the volatility and the stability of the platform,” she said at a meeting of Parliament’s Treasury Select Committee. UK Crypto Crackdown: Which British Banks Allow You to Buy Bitcoin? Santander, a Spanish bank with a major presence in the UK, last yearlimited transactionsto crypto exchanges to just £1,000 ($1,234), while Nationwide put in a£5,000 limiton card payments to crypto assets last month. NatWest soonfollowed suit, introducing restrictions of £1,000 a day and £5,000 over a 30-day period. The situation prompted Su Carpenter, director of Operations for industry body CryptoUK (where Baker-Taylor serves as anon-executive director), towrite to the Treasury in March, warning that without action the banking industry’s cautious approach could undermine the UK government’s crypto ambitions. Banks generally cite the risk of fraud in their policies limiting how customers can use crypto, but Baker-Taylor argued that “all of those things happen equally in the traditional finance ecosystem.” Circle has had its own troubles with the world of traditional finance. ItsUSDCstablecoin briefly broke its peg to the U.S. dollar last month after it revealed that$3.3 billion of its reserveswere stuck at the failed Silicon Valley Bank. “It’s somewhat ironic that there has been a lot of talk of protecting the banking system from crypto, here we are in a situation where we are trying to protect a digital dollar from the banking system,” Circle’s CEO Jeremy Allairesaidin aCNBCappearance in the days following the crisis.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Bloomberg) -- Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets. Most Read from Bloomberg Hedge Funds Drive Credit Suisse CDS Higher on Bets of a Payout Steve Schwarzman Holds Off Giving Money to DeSantis After Meeting Him Abu Dhabi Royal\x92s Firm Shorts US Stocks on Global Recession Fears Jamie Dimon Says US Needs to 'Finish' the Bank Crisis Family Builds $900 Million Brazil Farming Empire After 935% Gain These glimpses of their trading activity support suspicions that some of China\x92s 1.4 billion people flout the prohibition Beijing imposed in September 2021 as they hunt for alternatives to investments like property and stocks. A shadowy role for Chinese demand adds to the difficulty of parsing the outlook for digital-asset markets, which have partially revived this year from a 2022 crash pockmarked with bankruptcies like that of the FTX crypto exchange. There is even speculation the ban on the mainland could be loosened \x97 though there are no indications of that happening \x97 after Hong Kong pivoted to a pro-crypto stance to woo investment, a step that won quiet backing from Beijing. The evidence of ongoing Chinese appetite for tokens comes from varied sources, including FTX\x92s creditor profile, citizens who said they used crypto platforms and depictions by industry insiders of workarounds to Beijing\x92s ban. Hard to \x91Eliminate\x92 \x93Essentially, bans don\x92t work,\x94 said Caroline Malcolm, global head of public policy at Chainalysis, which specializes in tracking digital-asset transactions. \x93The decentralized nature of cryptocurrencies and the fact that they can be transferred peer-to-peer and traded on global exchanges make it difficult for any government to completely eliminate them.\x94 US bankruptcy filings for FTX, which collapsed in November last year, show Chinese users accounted for 8% of the exchange\x92s customers. FTX advisers have tallied more than 9 million customer accounts overall, while claims from creditors amount to at least $11.6 billion. Story continues Jack Ding, a partner with crypto regulations specialist Duan & Duan Law Firm, said he represents six Chinese creditors with a combined $10 million of FTX claims. They are part of a committee for foreign FTX customers, he said. Theoretically, crypto trading is outlawed for Chinese at home and abroad but it\x92s \x93hard to enforce,\x94 Ding said. Often it\x92s about compliance systems at exchanges and whether they\x92ll filter out Chinese passport holders, he added. Beijing cracked down on digital assets over concerns about money laundering, currency outflows and the environmental impact of Bitcoin mining. The likes of the Binance, OKX and FTX exchanges had tapped risk-loving investors in China, once the world\x92s biggest market for Bitcoin trading, to boost growth. Compliance Challenge Crypto platforms now try to block Chinese Internet Protocol addresses but virtual private networks can defeat such attempts by masking locations. Interviews with Chinese investors point to the compliance challenge. Four said they had traded on the Binance digital-asset platform, and a fifth said he\x92d also used OKX, after Beijing\x92s prohibition. Binance is the largest crypto exchange while OKX ranks at No. 2, CoinGecko data on 24-hour volumes show. The five spoke in part out of frustration over current or earlier suspensions of their accounts. Four said they lived in mainland China and had passed know-your-customer procedures using Chinese identification. OKX declined to comment on the issue. A spokesperson for Binance said the company doesn\x92t operate in mainland China or have any technology, including servers or data, based there. \x91Great Firewall\x92 \x93Following the September 2021 ban, the Binance platform, including the website and mobile application, has been blocked behind the Great Firewall,\x94 the Binance spokesperson said, referring to the system China uses to sever its internet from the rest of the world. A sixth Chinese investor, David Jin, said he lives in Silicon Valley and has had $8 million of crypto frozen on Binance since July at the behest of police in central Chongqing city in China. The police were probing tokens allegedly linked to illegal online casinos, Jin added, while denying involvement. A Chongqing police officer surnamed Mu, who\x92s in charge of the case, didn\x92t respond to numerous requests for comment. The Binance spokesperson said that the company has a policy of cooperating with lawful information requests and legal inquiries from authorities pertaining to investigations, prosecutions, forfeiture actions and suspicious activities. Binance reserves the right to reject law enforcement requests that fail legal scrutiny, don\x92t serve a legal purpose or where the investigative approach is flawed, the spokesperson added. Turning Dominican In March, Bloomberg News reported that another major crypto exchange, Huobi Global, was giving Chinese users the option of applying for a \x93digital identity\x94 with the tiny island nation of Dominica. Once on-boarded, their app profile shows them as Dominican citizens, according to people familiar with the matter, who asked not be identified discussing sensitive matters. Huobi has said that it doesn\x92t operate in China and that Chinese Internet Protocol addresses are \x93strictly prohibited\x94 from accessing the platform, and that new customers are \x93from anywhere but China.\x94 \x93Huobi has exited the Chinese market and barred Chinese users from signing up or logging in,\x94 the company has said. The People\x92s Bank of China, which announced the digital-asset ban in September 2021 when it said all crypto-related transactions are illegal, didn\x92t immediately respond to request for a comment on the signs that Chinese citizens continue to trade virtual assets. Since the prohibition, Chinese regulators haven\x92t announced sanctions on any offshore exchange for signing up mainland users. Malcolm from Chainalysis said the ban has either been ineffective or loosely enforced. The average monthly value of crypto flowing to China did roughly halve in 2022 from a year earlier but still remained sizable at $17 billion, the firm estimates. If somehow the crypto sector was legalized in China in the future, \x93it would likely lead to a surge in demand for cryptocurrencies,\x94 Malcolm said. --With assistance from Sidhartha Shukla and Yujing Liu. Most Read from Bloomberg Businessweek The Plot to Steal the Other Secret Inside a Can of Coca-Cola AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma US Airlines Are Sitting Out China\x92s Reopening \x91Nearshoring\x92 Push Is Fueling Tech Job Demand in Latin America Webtoons Are South Korea\x92s Latest Viral Cultural Export ©2023 Bloomberg L.P.", "(Bloomberg) -- Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.\nMost Read from Bloomberg\n• Hedge Funds Drive Credit Suisse CDS Higher on Bets of a Payout\n• Steve Schwarzman Holds Off Giving Money to DeSantis After Meeting Him\n• Abu Dhabi Royal’s Firm Shorts US Stocks on Global Recession Fears\n• Jamie Dimon Says US Needs to 'Finish' the Bank Crisis\n• Family Builds $900 Million Brazil Farming Empire After 935% Gain\nThese glimpses of their trading activity support suspicions that some of China’s 1.4 billion people flout the prohibition Beijing imposed in September 2021 as they hunt for alternatives to investments like property and stocks.\nA shadowy role for Chinese demand adds to the difficulty of parsing the outlook for digital-asset markets, which have partially revived this year from a 2022 crash pockmarked with bankruptcies like that of the FTX crypto exchange.\nThere is even speculation the ban on the mainland could be loosened — though there are no indications of that happening — after Hong Kong pivoted to a pro-crypto stance to woo investment, a step that won quiet backing from Beijing.\nThe evidence of ongoing Chinese appetite for tokens comes from varied sources, including FTX’s creditor profile, citizens who said they used crypto platforms and depictions by industry insiders of workarounds to Beijing’s ban.\nHard to ‘Eliminate’\n“Essentially, bans don’t work,” said Caroline Malcolm, global head of public policy at Chainalysis, which specializes in tracking digital-asset transactions. “The decentralized nature of cryptocurrencies and the fact that they can be transferred peer-to-peer and traded on global exchanges make it difficult for any government to completely eliminate them.”\nUS bankruptcy filings for FTX, which collapsed in November last year, show Chinese users accounted for 8% of the exchange’s customers. FTX advisers have tallied more than 9 million customer accounts overall, while claims from creditors amount to at least $11.6 billion.\nJack Ding, a partner with crypto regulations specialist Duan & Duan Law Firm, said he represents six Chinese creditors with a combined $10 million of FTX claims. They are part of a committee for foreign FTX customers, he said.\nTheoretically, crypto trading is outlawed for Chinese at home and abroad but it’s “hard to enforce,” Ding said. Often it’s about compliance systems at exchanges and whether they’ll filter out Chinese passport holders, he added.\nBeijing cracked down on digital assets over concerns about money laundering, currency outflows and the environmental impact of Bitcoin mining. The likes of the Binance, OKX and FTX exchanges had tapped risk-loving investors in China, once the world’s biggest market for Bitcoin trading, to boost growth.\nCompliance Challenge\nCrypto platforms now try to block Chinese Internet Protocol addresses but virtual private networks can defeat such attempts by masking locations.\nInterviews with Chinese investors point to the compliance challenge. Four said they had traded on the Binance digital-asset platform, and a fifth said he’d also used OKX, after Beijing’s prohibition. Binance is the largest crypto exchange while OKX ranks at No. 2, CoinGecko data on 24-hour volumes show.\nThe five spoke in part out of frustration over current or earlier suspensions of their accounts. Four said they lived in mainland China and had passed know-your-customer procedures using Chinese identification.\nOKX declined to comment on the issue. A spokesperson for Binance said the company doesn’t operate in mainland China or have any technology, including servers or data, based there.\n‘Great Firewall’\n“Following the September 2021 ban, the Binance platform, including the website and mobile application, has been blocked behind the Great Firewall,” the Binance spokesperson said, referring to the system China uses to sever its internet from the rest of the world.\nA sixth Chinese investor, David Jin, said he lives in Silicon Valley and has had $8 million of crypto frozen on Binance since July at the behest of police in central Chongqing city in China. The police were probing tokens allegedly linked to illegal online casinos, Jin added, while denying involvement.\nA Chongqing police officer surnamed Mu, who’s in charge of the case, didn’t respond to numerous requests for comment.\nThe Binance spokesperson said that the company has a policy of cooperating with lawful information requests and legal inquiries from authorities pertaining to investigations, prosecutions, forfeiture actions and suspicious activities.\nBinance reserves the right to reject law enforcement requests that fail legal scrutiny, don’t serve a legal purpose or where the investigative approach is flawed, the spokesperson added.\nTurning Dominican\nIn March, Bloomberg News reported that another major crypto exchange, Huobi Global, was giving Chinese users the option of applying for a “digital identity” with the tiny island nation of Dominica. Once on-boarded, their app profile shows them as Dominican citizens, according to people familiar with the matter, who asked not be identified discussing sensitive matters.\nHuobi has said that it doesn’t operate in China and that Chinese Internet Protocol addresses are “strictly prohibited” from accessing the platform, and that new customers are “from anywhere but China.”\n“Huobi has exited the Chinese market and barred Chinese users from signing up or logging in,” the company has said.\nThe People’s Bank of China, which announced the digital-asset ban in September 2021 when it said all crypto-related transactions are illegal, didn’t immediately respond to request for a comment on the signs that Chinese citizens continue to trade virtual assets.\nSince the prohibition, Chinese regulators haven’t announced sanctions on any offshore exchange for signing up mainland users.\nMalcolm from Chainalysis said the ban has either been ineffective or loosely enforced. The average monthly value of crypto flowing to China did roughly halve in 2022 from a year earlier but still remained sizable at $17 billion, the firm estimates.\nIf somehow the crypto sector was legalized in China in the future, “it would likely lead to a surge in demand for cryptocurrencies,” Malcolm said.\n--With assistance from Sidhartha Shukla and Yujing Liu.\nMost Read from Bloomberg Businessweek\n• The Plot to Steal the Other Secret Inside a Can of Coca-Cola\n• AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma\n• US Airlines Are Sitting Out China’s Reopening\n• ‘Nearshoring’ Push Is Fueling Tech Job Demand in Latin America\n• Webtoons Are South Korea’s Latest Viral Cultural Export\n©2023 Bloomberg L.P.", 'If you are only concerned about upside potential, looking into some stocks and cryptos with high returns is the way to go. The current environment is indeed very risky, with a recent rate hike and a recession on the horizon. Still, there are high-risk, high-return assets that can deliver multibagger gains if you’re lucky.\nHowever, I would note that chasing high upside potential comes with a lot of risks as you’d have to step foot into speculative territory. But the rewards can be just as rewarding if you play your cards right.\nWith that in mind, let’s look at three such names:\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"LIFE": "CLFD", "aTyr Pharma, Inc.": "Clearfield, Inc.", "$2.15": "$35.27"}, {"LIFE": "RNDR-USD", "aTyr Pharma, Inc.": "Render Token", "$2.15": "$2.08"}]\nSource: aslysun / Shutterstock.com\naTyr Pharma(NASDAQ:LIFE) is among the most speculative bets on the market right now. Biotech companies naturally come with a lot of risks, but aTyr Pharma is especially risky as its success depends on just one drug candidate, efzofitimod, a promising treatment for fibrotic lung diseases.\nAs the companystates, “We believe that by targeting NRP2 to resolve aberrant immune responses, efzofitimod\xa0presents a novel mechanism of action, and could prove an effective therapeutic alternative with less toxicity compared to current standard of care for patients with severe inflammatory diseases where there remains a high unmet medical need.”\nSimply put, this one drug may make or break this company. But the data is promising and analysts are bullish.\nThe average analyst price target here is $18, a737.21% upside potentialin just one year.\nSource: Pavel Kapysh / Shutterstock.com\nClearfield(NASDAQ:CLFD) has been trading at bargain prices after the selloffs in 2022 and I believe the latest selloffs after its Q2 earnings report make it too compelling to ignore. The companybeat Zacks Consensus Estimateof 55 cents per share with quarterly earnings of 67 cents per share.\nHowever, itsrevenue of $71.8 million, up 34.2% year-over-year, missed by $180,000. Sales guidance came down substantially to $267.5 million at the midpoint, down 45% from 2022. That’s why the stock has shaved off a quarter of its value.\nStill, that’s near what analysts expect at the low end. For 2024, revenue is expected to bounce back to $366 million at the lowest and continue the robust growth trajectory. Even then, the company will likely outperform if the economy cooperates and fiber optic products rise in demand.\nThe averageanalyst price target, according to MarketBeat,of $98.83presents a 180.22% upside potential. That’s likely to be revised down in the coming weeks, but I believe it is a multibagger stock if you hold it for a few years.\nSource: Chinnapong / Shutterstock\nRender Token(RNDR-USD) is among the hottest cryptos this year as it has quintupled its value in the past few months. The project aims to make GPU computing power easily accessible to individuals and institutions worldwide at a much cheaper rate by pooling rented GPU power through the blockchain and reselling it in bulk.\nI believe that’s an excellent idea, as tailwinds in sectors such as cloud computing, gaming and artificial intelligence have all pushed the demand for more GPU computing power. As the Render Network gains popularity, I expect institutions to jump on board, as renting pooled GPU computing power is much cheaper than buying or maintaining massive data centers that are needed to render movies and run cloud gaming or machine learning programs.\nConversely, I would wait before buying RNDR right now. UnlessBitcoin(BTC-USD) breaks above $30,000 and holds at that level, avoiding the crypto market as a whole is a good idea. But keep RNDR in your notes for the long run, as I expect it to be a multibagger, even if you buy at these levels. Still, you will likely be able to grab these tokens for much cheaper in the next few months.\nOn the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him onLinkedIn.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Wall Street Titan: Here’s My #1 Stock for 2023\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Stocks and Cryptos With the Highest Potential Returnsappeared first onInvestorPlace.', 'Jack Dorsey encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. Jack Sweneey, Joe Raedle, Clive Mason/Getty Images Jack Dorsey\xa0encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. He encouraged the student to post updates to Twitter rivals Bluesky and Nostr. The @ElonJet account got banned from Twitter after Musk took over. Twitter cofounder Jack Dorsey has doubled down on his explicit and implicit criticism of Elon Musk, encouraging the college student who\xa0tracks Elon Musk\'s private jet to keep posting on rival apps Bluesky and Nostr. Dorsey, who has given money to both platforms and sits on Bluesky\'s board, got into a brief exchange on Bluesky with college student Jack Sweeney Saturday about the jet-tracking account. The @ElonJet originally started on Twitter but was banned in December after Musk took over the site. "What\'s ur take on ElonJet?" the college student asked Dorsey. "Keep on keepin on," Dorsey responded, adding: "Send updates here and to nostr." Bluesky is a much-hyped Twitter-like app that is currently invite-only. It has more than 60,000 users, Insider previously reported ,\xa0including Rep. Alexandria Ocasio-Cortez and Twitter comedy account Dril . The project originally started at Twitter while Dorsey served as CEO, but was spun out and is now run by Jay Graber. Sweeney told Insider he joined the app on April 30 and set up his personal and @ElonJet accounts. "It has that enticing feeling like Twitter," he said. When setting up his account, someone had already claimed the username @elonjet, so Sweeney asked the person if they could hand it over – and they did. "I wanted it in good hands," the owner told Sweeney. He also followed Dorsey\'s advice and joined Nostr on Saturday. Nostr, which stands for Notes and Other Stuff Transmitted by Relays, is an open protocol that aims to create a censorship-resistant global social network. Dorsey tweeted in December last year that he had donated just over a quarter million dollars in Bitcoin to its anonymous founder, @fiatjaf. Story continues A screengrab of Jack Dorsey welcoming @ElonJet on Nostr. Nostr Dorsey\'s remarks cement an apparent change of heart towards Musk. The entrepreneur had been vocally supportive through 2022 of Musk\'s acquisition of Twitter but, after mass firings and patchy site reliability, now says the billionaire shouldn\'t have done the deal . Dorsey hasn\'t posted on Twitter since January, but is active on both Bluesky and Nostr. Sweeney created the original @ElonJet account in 2020, using public flight data to monitor the whereabouts the of billionaire\'s private jet.\xa0He shot to fame when Musk offered him $5,000 to take down his Twitter account in January 2022. The billionaire called the account a "security risk" and said he didn\'t want to be "shot by a nutcase." The student asked for $50,000 – but it never materialized. When Musk acquired Twitter in October last year, Sweeney feared his account, @elonjet, would be banned. Musk said in November that he wouldn\'t remove the account. But in December, Sweeney\'s more than 30 accounts tracking celebrities\' jets , including those of Mark Zuckerberg, Donald Trump, and Kim Kardashian, were all suspended. He promptly set up shop elsewhere, including Instagram, Discord, and Mastodon. He told Insider on Saturday, however, that Mastodon wasn\'t as enticing as Twitter or Bluesky. About a week after the permanent ban, Sweeney set up a new Twitter account that had the same purpose as @elonjet, only it would be posting with a 24-hour delay to follow Twitter\'s new guidelines. Musk didn\'t immediately respond to a request for comment from Insider. Read the original article on Business Insider', 'Jack Dorsey encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. Jack Sweneey, Joe Raedle, Clive Mason/Getty Images Jack Dorsey\xa0encouraged the college student who tracks Elon Musk\'s private jet to keep on posting. He encouraged the student to post updates to Twitter rivals Bluesky and Nostr. The @ElonJet account got banned from Twitter after Musk took over. Twitter cofounder Jack Dorsey has doubled down on his explicit and implicit criticism of Elon Musk, encouraging the college student who\xa0tracks Elon Musk\'s private jet to keep posting on rival apps Bluesky and Nostr. Dorsey, who has given money to both platforms and sits on Bluesky\'s board, got into a brief exchange on Bluesky with college student Jack Sweeney Saturday about the jet-tracking account. The @ElonJet originally started on Twitter but was banned in December after Musk took over the site. "What\'s ur take on ElonJet?" the college student asked Dorsey. "Keep on keepin on," Dorsey responded, adding: "Send updates here and to nostr." Bluesky is a much-hyped Twitter-like app that is currently invite-only. It has more than 60,000 users, Insider previously reported ,\xa0including Rep. Alexandria Ocasio-Cortez and Twitter comedy account Dril . The project originally started at Twitter while Dorsey served as CEO, but was spun out and is now run by Jay Graber. Sweeney told Insider he joined the app on April 30 and set up his personal and @ElonJet accounts. "It has that enticing feeling like Twitter," he said. When setting up his account, someone had already claimed the username @elonjet, so Sweeney asked the person if they could hand it over – and they did. "I wanted it in good hands," the owner told Sweeney. He also followed Dorsey\'s advice and joined Nostr on Saturday. Nostr, which stands for Notes and Other Stuff Transmitted by Relays, is an open protocol that aims to create a censorship-resistant global social network. Dorsey tweeted in December last year that he had donated just over a quarter million dollars in Bitcoin to its anonymous founder, @fiatjaf. Story continues A screengrab of Jack Dorsey welcoming @ElonJet on Nostr. Nostr Dorsey\'s remarks cement an apparent change of heart towards Musk. The entrepreneur had been vocally supportive through 2022 of Musk\'s acquisition of Twitter but, after mass firings and patchy site reliability, now says the billionaire shouldn\'t have done the deal . Dorsey hasn\'t posted on Twitter since January, but is active on both Bluesky and Nostr. Sweeney created the original @ElonJet account in 2020, using public flight data to monitor the whereabouts the of billionaire\'s private jet.\xa0He shot to fame when Musk offered him $5,000 to take down his Twitter account in January 2022. The billionaire called the account a "security risk" and said he didn\'t want to be "shot by a nutcase." The student asked for $50,000 – but it never materialized. When Musk acquired Twitter in October last year, Sweeney feared his account, @elonjet, would be banned. Musk said in November that he wouldn\'t remove the account. But in December, Sweeney\'s more than 30 accounts tracking celebrities\' jets , including those of Mark Zuckerberg, Donald Trump, and Kim Kardashian, were all suspended. He promptly set up shop elsewhere, including Instagram, Discord, and Mastodon. He told Insider on Saturday, however, that Mastodon wasn\'t as enticing as Twitter or Bluesky. About a week after the permanent ban, Sweeney set up a new Twitter account that had the same purpose as @elonjet, only it would be posting with a 24-hour delay to follow Twitter\'s new guidelines. Musk didn\'t immediately respond to a request for comment from Insider. Read the original article on Business Insider', 'TheMarch collapseof Silvergate, Silicon Valley Bank and Signature – three of the world’s most crypto friendly lenders – left a large hole in banking services for the digital asset financial system.\nBut with blockchain offering a potential route into global finance for parts of the world previously excluded, among myriad other use cases, Standard Chartered’s crypto research chief Geoff Kendrick believes that the world’s largest banks owe it to potential customers in developing economies to fill the void left in crypto.\nKendrick talked to Forkast’s Jenny Ortiz-Bolivar about the world’s vast unbanked space and why his bank, Standard Chartered, has adopted a proactive approach to digital assets.\nThe Q&A has been edited for clarity and length.\nJenny Ortiz-Bolivar:Standard Chartered Bank’s approach to crypto is much more open to blockchain and crypto technology in comparison to competitors such as HSBC. What exactly is driving that approach?\nGeoff Kendrick:Obviously, I can’t speak to our competitors in terms of their desire when it comes to crypto. But on the SCB side, we have been relatively early to this space. We recognize the importance of blockchain technology. We recognize the importance of this broader ecosystem to, quite frankly, a lot of our core businesses in terms of financial markets globally. I would say that, over the next 5 to 10 years, the blockchain is going to become a much more important part of financial markets and SCB is at the forefront of that shift.\nOur core footprint as a bank is in emerging Asia, emerging Africa, and the Middle East. For those regions, some of the core digital asset use cases, and those of Bitcoin and other transactional coins in particular, are incredibly important. In those regions, there are still many individuals and companies that don’t have access to a broader financial asset ecosystem of the kind available in the West. In those countries, alternative financial outcomes are potentially advantageous. There’s therefore a natural overlap between some of our core countries and where Bitcoin and other digital assets can help.\nOrtiz-Bolivar:In that regard, how do you view the role of blockchain and crypto in the future of banking? What synergies are we likely to see?\nKendrick: In terms of blockchain’s future, there are a number of potential use cases. At one end of the use case spectrum, we have the World Bank telling us that the global unbanked sector has transactions of roughly US$20 trillion a year. As mentioned, quite a lot of that transaction space is unbanked because financial institutions are not available in quite a few of those core countries.\nIf you think about taking those transactions into the blockchain space via Bitcoin or an equivalent using multiples from Visa and MasterCard, for example, even that could get you to a valuation of Bitcoin at around US$50,000. That’s roughly double where we’ve been recently. So, through the blockchain, those in emerging markets – a huge unbanked space – can access a financial system that they’ve otherwise been excluded from.\nElsewhere, I think we’ll see a continuation of what traditional financial institutions have already been doing to migrate to blockchain over time. Here I’m thinking about insurance type services. You could imagine they could be offered medium term on blockchain and therefore cheaper because there’s less people in the chain. Similarly, ETF (exchange Traded Fund) type products could end up on blockchain. Essentially the potential use cases are endless when you consider the types of smart contracts Ethereum and others are able to offer.\nOrtiz-Bolivar:Finally, this year has seen the collapse of a trio of crypto-friendly banks, starting with Silvergate in early March. Those closures have left a critical gap in the crypto ecosystem. What is Standard Chartered doing to fill that void?\nKendrick:Those banks were, like you say, very important parts of the crypto ecosystem and we need larger, longer term financial players like Standard Chartered to step into this space. Over the last six months or so, we’ve also seen concerns around centralized exchanges, most notably the FTX collapse in November. Again, I think that presents an opportunity for banks like Standard Chartered to offer broader trading and custody services.\nPlayers like ourselves that have been in other financial spaces for a long time have a lot of the plumbing around these custody and other solutions that are required in the medium term for crypto to grow. It’s time for us to make the step into this space. Over time that will probably lead to an inflow of institutional money, allowing crypto assets and Bitcoin in particular to become much more mainstream.', 'The March collapse of Silvergate, Silicon Valley Bank and Signature – three of the world’s most crypto friendly lenders – left a large hole in banking services for the digital asset financial system. But with blockchain offering a potential route into global finance for parts of the world previously excluded, among myriad other use cases, Standard Chartered’s crypto research chief Geoff Kendrick believes that the world’s largest banks owe it to potential customers in developing economies to fill the void left in crypto. Kendrick talked to Forkast’s Jenny Ortiz-Bolivar about the world’s vast unbanked space and why his bank, Standard Chartered, has adopted a proactive approach to digital assets. The Q&A has been edited for clarity and length. Jenny Ortiz-Bolivar: Standard Chartered Bank’s approach to crypto is much more open to blockchain and crypto technology in comparison to competitors such as HSBC. What exactly is driving that approach? Geoff Kendrick: Obviously, I can’t speak to our competitors in terms of their desire when it comes to crypto. But on the SCB side, we have been relatively early to this space. We recognize the importance of blockchain technology. We recognize the importance of this broader ecosystem to, quite frankly, a lot of our core businesses in terms of financial markets globally. I would say that, over the next 5 to 10 years, the blockchain is going to become a much more important part of financial markets and SCB is at the forefront of that shift. Our core footprint as a bank is in emerging Asia, emerging Africa, and the Middle East. For those regions, some of the core digital asset use cases, and those of Bitcoin and other transactional coins in particular, are incredibly important. In those regions, there are still many individuals and companies that don’t have access to a broader financial asset ecosystem of the kind available in the West. In those countries, alternative financial outcomes are potentially advantageous. There’s therefore a natural overlap between some of our core countries and where Bitcoin and other digital assets can help. Story continues Ortiz-Bolivar: In that regard, how do you view the role of blockchain and crypto in the future of banking? What synergies are we likely to see? Kendrick : In terms of blockchain’s future, there are a number of potential use cases. At one end of the use case spectrum, we have the World Bank telling us that the global unbanked sector has transactions of roughly US$20 trillion a year. As mentioned, quite a lot of that transaction space is unbanked because financial institutions are not available in quite a few of those core countries. If you think about taking those transactions into the blockchain space via Bitcoin or an equivalent using multiples from Visa and MasterCard, for example, even that could get you to a valuation of Bitcoin at around US$50,000. That’s roughly double where we’ve been recently. So, through the blockchain, those in emerging markets – a huge unbanked space – can access a financial system that they’ve otherwise been excluded from. Elsewhere, I think we’ll see a continuation of what traditional financial institutions have already been doing to migrate to blockchain over time. Here I’m thinking about insurance type services. You could imagine they could be offered medium term on blockchain and therefore cheaper because there’s less people in the chain. Similarly, ETF (exchange Traded Fund) type products could end up on blockchain. Essentially the potential use cases are endless when you consider the types of smart contracts Ethereum and others are able to offer. Ortiz-Bolivar: Finally, this year has seen the collapse of a trio of crypto-friendly banks, starting with Silvergate in early March. Those closures have left a critical gap in the crypto ecosystem. What is Standard Chartered doing to fill that void? Kendrick: Those banks were, like you say, very important parts of the crypto ecosystem and we need larger, longer term financial players like Standard Chartered to step into this space. Over the last six months or so, we’ve also seen concerns around centralized exchanges, most notably the FTX collapse in November. Again, I think that presents an opportunity for banks like Standard Chartered to offer broader trading and custody services. Players like ourselves that have been in other financial spaces for a long time have a lot of the plumbing around these custody and other solutions that are required in the medium term for crypto to grow. It’s time for us to make the step into this space. Over time that will probably lead to an inflow of institutional money, allowing crypto assets and Bitcoin in particular to become much more mainstream.', 'Bitcoin HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes. The Government is mulling proposals that would give the tax agency powers to access online wallets as part of plans to modernise how tax is collected in the digital age. HMRC is already able to seize funds from bank accounts when individuals fail to pay tax under \x93direct recovery of debts\x94 powers, but is considering extending this to online payment accounts such as PayPal. A consultation document from HMRC raises the prospect that this could include businesses\x92 cryptocurrency wallets if virtual currencies become a common way of making payments online. The prospect of seizing cryptocurrencies from wallets would be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control. While cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules. Law enforcement agencies are currently able to seize cryptocurrencies from these exchanges when they detect criminal activity. \x93If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,\x94 a HMRC consultation document says. It added that \x93it was unclear how easy this would be due to the fluctuating value of cryptocurrency\x94. The Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies. A HMRC spokesman said: \x93The proposals will help ensure HMRC\x92s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers. Story continues \x93The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals. \x93All of HMRC\x92s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.\x94 Police have seized hundreds of millions of pounds in cryptocurrency linked to criminal operations, often auctioning it off. HMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ cryptocurrency wallets if virtual currencies become a common way of making payments online.\nThe prospect of seizing cryptocurrencies from walletswould be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control.\nWhile cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules.\nLaw enforcement agencies are currently able toseize cryptocurrencies from these exchangeswhen they detect criminal activity.\n“If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,” a HMRC consultation document says.\nIt added that “it was unclear how easy this would be due to the fluctuating value of cryptocurrency”.\nThe Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies.\nA HMRC spokesman said: “The proposals will help ensure HMRC’s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers.\n“The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals.\n“All of HMRC’s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.”\nPolice have seized hundreds of millions of pounds in cryptocurrencylinked to criminal operations, often auctioning it off.\nHMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.', 'Bitcoin HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes. The Government is mulling proposals that would give the tax agency powers to access online wallets as part of plans to modernise how tax is collected in the digital age. HMRC is already able to seize funds from bank accounts when individuals fail to pay tax under \x93direct recovery of debts\x94 powers, but is considering extending this to online payment accounts such as PayPal. A consultation document from HMRC raises the prospect that this could include businesses\x92 cryptocurrency wallets if virtual currencies become a common way of making payments online. The prospect of seizing cryptocurrencies from wallets would be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control. While cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules. Law enforcement agencies are currently able to seize cryptocurrencies from these exchanges when they detect criminal activity. \x93If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,\x94 a HMRC consultation document says. It added that \x93it was unclear how easy this would be due to the fluctuating value of cryptocurrency\x94. The Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies. A HMRC spokesman said: \x93The proposals will help ensure HMRC\x92s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers. Story continues \x93The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals. \x93All of HMRC\x92s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.\x94 Police have seized hundreds of millions of pounds in cryptocurrency linked to criminal operations, often auctioning it off. HMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ cryptocurrency wallets if virtual currencies become a common way of making payments online.\nThe prospect of seizing cryptocurrencies from walletswould be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control.\nWhile cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules.\nLaw enforcement agencies are currently able toseize cryptocurrencies from these exchangeswhen they detect criminal activity.\n“If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,” a HMRC consultation document says.\nIt added that “it was unclear how easy this would be due to the fluctuating value of cryptocurrency”.\nThe Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies.\nA HMRC spokesman said: “The proposals will help ensure HMRC’s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers.\n“The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals.\n“All of HMRC’s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.”\nPolice have seized hundreds of millions of pounds in cryptocurrencylinked to criminal operations, often auctioning it off.\nHMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ cryptocurrency wallets if virtual currencies become a common way of making payments online.\nThe prospect of seizing cryptocurrencies from walletswould be seen as the latest crackdown on the sector, which has been accused of allowing money laundering and criminal activity. Cryptocurrencies such as Bitcoin have been touted as ways to give owners control of their finances outside of government control.\nWhile cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules.\nLaw enforcement agencies are currently able toseize cryptocurrencies from these exchangeswhen they detect criminal activity.\n“If further regulation is brought in around digital currencies, it may be that cryptocurrency wallets may become a more popular method of paying for goods and services,” a HMRC consultation document says.\nIt added that “it was unclear how easy this would be due to the fluctuating value of cryptocurrency”.\nThe Government said it expected to proceed and give HMRC powers to seize funds from digital wallets, although it is unclear if this will extend to cryptocurrencies.\nA HMRC spokesman said: “The proposals will help ensure HMRC’s debt collection keeps pace with business practices. E-commerce means new business practices with fewer physical and owned assets held in the UK, which makes it harder for HMRC to collect unpaid taxes using existing powers.\n“The responses to this consultation will support the Government in undertaking additional analysis and engagement on the proposals.\n“All of HMRC’s powers are balanced by safeguards, which should reassure taxpayers that powers are exercised proportionately and consistently.”\nPolice have seized hundreds of millions of pounds in cryptocurrencylinked to criminal operations, often auctioning it off.\nHMRC said recently that cryptocurrencies would be added to self assessment tax returns. It will mean an extra £10m a year in capital gains taxes on profits that are not currently reported, forecasters estimate.\nBroaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'HMRC is considering introducing rules that would enable it to seize cryptocurrency from businesses that fail to pay their taxes.\nThe Government is mulling proposals that would give the tax agency powers to access online wallets as part ofplans to modernise how tax is collected in the digital age.\nHMRC is already able to seize funds from bank accounts when individuals fail to pay tax under “direct recovery of debts” powers, but is considering extending this to online payment accounts such as PayPal.\nA consultation document from HMRC raises the prospect that this could include businesses’ Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $560,142,702,562 - Hash Rate: 331705159.5675005 - Transaction Count: 607883.0 - Unique Addresses: 482095.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Machines Expected to be Electrified and Mining by the End of March 2023 TAMPA, Fla. , March 13, 2023 /PRNewswire/ -- LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that the Company has signed a new contract to host 500 of its bitcoin mining machines with Aspen Creek Digital Corporation aka Longbow HostCo, LLC all of which are expected to be electrified and mining by the end of March 2023 . (PRNewsfoto/LM Funding America) Bruce M. Rodgers , Chairman, and CEO of LM Funding commented, "We are happy to announce that we have signed a new contract to host 500 bitcoin mining machines that will use a mixture of behind-the-meter solar and grid electricity. We expect to have all of these machines fully electrified and operational by the end of March, providing LM Funding with a capacity of approximately 370 petahash. We look forward to bringing additional machines online in the coming quarters, thereby providing the Company with additional bitcoin mining capacity." About LM Funding America LM Funding America, Inc., (Nasdaq: LMFA) together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022 . The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida , as well as in the states of Washington , Colorado , and Illinois , by funding a certain portion of the Associations' rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments. Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov . These risks and uncertainties include, without limitation, uncertainty created by the COVID-19 pandemic, the risks of entering into and operating in the cryptocurrency mining business, the capacity of our bitcoin mining machines and our related ability to purchase power at reasonable prices, t he ability to finance our planned cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the need for capital, our ability to hire and retain new employees, changes in governmental regulations that affect our ability to collect sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations. Story continues Contact: Crescendo Communications, LLC Tel: (212) 671-1021 Email: [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/lm-funding-america-inc-signs-contract-to-host-500-bitcoin-mining-machines-301769090.html SOURCE LM Funding America... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether fell slightly on Sunday, although there\'s potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment.\nInsights:Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and available Layer-2 and sidechain solutions.\nBitcoin Has a Boring Weekend, Despite Binance’s Temporary Withdrawal Pause\nCoinDesk Market Index (CMI)\n1,228\n−0.4▼0.0%\nBitcoin (BTC)\n$28,593\n−327.2▼1.1%\nEthereum (ETH)\n$1,893\n−8.2▼0.4%\nS&P 500\n4,136.25\n+75.0▲1.8%\nGold\n$2,024\n+6.3▲0.3%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,228", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,593", "\\u2212327.2\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,893", "\\u22128.2\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.25", "+75.0\\u25b21.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+6.3\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia. As the East begins its trading week, bitcoin and ether were both recently down a few fractions of a percentage point. Bitcoin was off 0.34% to $28,787, while Ether fell 0.4% to $1,913.\nBitBull Capital CEO Joe DiPasquale points to meme coins as a reason for a pump in market sentiment but fairly flat activity for the crypto majors.\n“The market hasn’t moved strongly this week, but the market sentiment has been on a rollercoaster with meme coin mania at peak,” DiPasquale wrote to CoinDesk in a note. “WithPEPE and other meme coinsposting high five-figure percentage gains, we wouldn’t be surprised if a market-wide rally materializes in the near term.”\nDiPasquale notes that bitcoin still hasn’t tested support levels on the downside, and that Bollinger Bands continue to tighten. This means that the gap between the upper and lower bands is narrowing, indicating a decrease in market volatility. This typically suggests that a significant price movement might be on the horizon, as periods of low volatility often precede larger market trends.\n“Moving forward, we’d expect a strong bounce off $25K to continue another leg above $30K,” DiPasquale concluded.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.6%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.9%", "DACS Sector": "Entertainment"}]\nBitcoin Maximalists Find Ordinals Annoying, but They Are a Needed Revenue Source for Miners\nThe Bitcoin community is at acrossroads right now.\nOn the one hand, some of the largest miners are eitherworking through bankruptcyproceedings,getting bailouts, or arerestructuring debt– all of this a hangover from a brutal, bearish 2022. At the same time, many in the bitcoin communityare decrying the congested, expensive state of the bitcoin network caused by thesurge in the popularityof the NFT-like Ordinal inscriptions. Binance’stemporary pauseof bitcoin withdrawals on Sunday was proof that there’s a problem brewing.\nFor the uninitiated, Ordinal Inscriptions, akin to NFTs, are digital assets inscribed on satoshis (the smallest currency unit of bitcoin) enabled by the Taproot upgrade, allowing for smart contracts and the minting of NFTs directly onto the Bitcoin blockchain.\nThe scale of ordinals’ growth has been immense (though many of them are just text).Earlier this month, the number of ordinals surpassed three million, andnow that number is just over four million.\nIn the long run, however, cash-strapped miners are going to be a big beneficiary of this newfound interest in the bitcoin blockchain.\nAccording todata compiledby the user dgtl_assets on Dune, ordinal inscriptions are now producing daily fees just north of $2.7 million, with the total fees coming in at around $14 million.\nIn an April note,Grayscale arguedthat the surge in fees from ordinals is useful for incentivizing mining and thus, securing the network.\n“While some are critical of ordinals, cautioning against bloating the blockchain or harming fungibility, we believe that ordinals represent one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem,” Grayscale wrote. “The advent of ordinals has led to an increase in total fees paid to miners, which could potentially establish a sustainable baseline level of transaction fees to incentivize miners.”\nGrayscale and CoinDesk share the same parent company in Digital Currency Group.\nWhen balancing network security versus a new channel of mining incentives versus the annoyance of congestion, which one wins? Probably the new incentives channel.\nRealistically, this could do a lot to help plug holes in miners’ balance sheets. Sure, bailouts could also be a solution, but that would centralize mining around stakeholders likeBinanceand Galaxy Digital.\nAnd for those complaining, there are plenty of solutions readily available, like Layer-2s or sidechains such as the Lightning Network or Liquid.\nBitcoiners should celebrate ordinals and be glad that the market is signaling they are here to stay.\n3:30 a.m. HKT/SGT(19:30 UTC)Japan Overall Household Spending (YoY/March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Retail Sales (QoQ/Q1)\n7:00 a.m. HKT/SGT(23:00 UTC)China Trade Balance\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $29K After April Jobs Report; Are CBDCs Becoming a Presidential Election Issue?\nThe U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a Bureau of Labor Statistics report. Separately, CoinDesk\'s Executive Director of Global Content, Emily Parker, explained why central bank digital currencies could become a topic in the U.S. presidential election. Mysten Labs CEO Evan Cheng and Chase White from Compass Point Research also joined the conversation.\nPepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit:A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.\nPump the BRCs: The Promise and Peril of Bitcoin-backed Tokens:A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?"\nAlibaba Says ‘Open Sesame’ to Web3:The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.\nCoinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty:The crypto exchange’s first quarter revenue of $773 million was up 23% from the previous three months and blew past estimates for just $655 million.\nNFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity:Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.', 'Good morning. Here’s what’s happening: Prices: Bitcoin and ether fell slightly on Sunday, although there\'s potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment. Insights: Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and available Layer-2 and sidechain solutions. Prices Bitcoin Has a Boring Weekend, Despite Binance’s Temporary Withdrawal Pause CoinDesk Market Index (CMI) 1,228 −0.4 ▼ 0.0% Bitcoin (BTC) $28,593 −327.2 ▼ 1.1% Ethereum (ETH) $1,893 −8.2 ▼ 0.4% S&P 500 4,136.25 +75.0 ▲ 1.8% Gold $2,024 +6.3 ▲ 0.3% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,228 −0.4 ▼ 0.0% Bitcoin (BTC) $28,593 −327.2 ▼ 1.1% Ethereum (ETH) $1,893 −8.2 ▼ 0.4% S&P 500 4,136.25 +75.0 ▲ 1.8% Gold $2,024 +6.3 ▲ 0.3% Nikkei 225 29,157.95 +34.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia. As the East begins its trading week, bitcoin and ether were both recently down a few fractions of a percentage point. Bitcoin was off 0.34% to $28,787, while Ether fell 0.4% to $1,913. BitBull Capital CEO Joe DiPasquale points to meme coins as a reason for a pump in market sentiment but fairly flat activity for the crypto majors. “The market hasn’t moved strongly this week, but the market sentiment has been on a rollercoaster with meme coin mania at peak,” DiPasquale wrote to CoinDesk in a note. “With PEPE and other meme coins posting high five-figure percentage gains, we wouldn’t be surprised if a market-wide rally materializes in the near term.” DiPasquale notes that bitcoin still hasn’t tested support levels on the downside, and that Bollinger Bands continue to tighten. This means that the gap between the upper and lower bands is narrowing, indicating a decrease in market volatility. This typically suggests that a significant price movement might be on the horizon, as periods of low volatility often precede larger market trends. Story continues “Moving forward, we’d expect a strong bounce off $25K to continue another leg above $30K,” DiPasquale concluded. Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +1.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −2.6% Currency Terra LUNA −2.2% Smart Contract Platform Decentraland MANA −1.9% Entertainment Insights Bitcoin Maximalists Find Ordinals Annoying, but They Are a Needed Revenue Source for Miners The Bitcoin community is at a crossroads right now. On the one hand, some of the largest miners are either working through bankruptcy proceedings, getting bailouts , or are restructuring debt – all of this a hangover from a brutal, bearish 2022. At the same time, many in the bitcoin community are decrying the congested , expensive state of the bitcoin network caused by the surge in the popularity of the NFT-like Ordinal inscriptions. Binance’s temporary pause of bitcoin withdrawals on Sunday was proof that there’s a problem brewing. For the uninitiated, Ordinal Inscriptions, akin to NFTs, are digital assets inscribed on satoshis (the smallest currency unit of bitcoin) enabled by the Taproot upgrade, allowing for smart contracts and the minting of NFTs directly onto the Bitcoin blockchain. The scale of ordinals’ growth has been immense (though many of them are just text). Earlier this month , the number of ordinals surpassed three million, and now that number is just over four million . In the long run, however, cash-strapped miners are going to be a big beneficiary of this newfound interest in the bitcoin blockchain. According to data compiled by the user dgtl_assets on Dune, ordinal inscriptions are now producing daily fees just north of $2.7 million, with the total fees coming in at around $14 million. In an April note, Grayscale argued that the surge in fees from ordinals is useful for incentivizing mining and thus, securing the network. “While some are critical of ordinals, cautioning against bloating the blockchain or harming fungibility, we believe that ordinals represent one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem,” Grayscale wrote. “The advent of ordinals has led to an increase in total fees paid to miners, which could potentially establish a sustainable baseline level of transaction fees to incentivize miners.” Grayscale and CoinDesk share the same parent company in Digital Currency Group. When balancing network security versus a new channel of mining incentives versus the annoyance of congestion, which one wins? Probably the new incentives channel. Realistically, this could do a lot to help plug holes in miners’ balance sheets. Sure, bailouts could also be a solution, but that would centralize mining around stakeholders like Binance and Galaxy Digital. And for those complaining, there are plenty of solutions readily available, like Layer-2s or sidechains such as the Lightning Network or Liquid. Bitcoiners should celebrate ordinals and be glad that the market is signaling they are here to stay. Important events. 3:30 a.m. HKT/SGT(19:30 UTC) Japan Overall Household Spending (YoY/March) 5:30 a.m. HKT/SGT(21:30 UTC) Australia Retail Sales (QoQ/Q1) 7:00 a.m. HKT/SGT(23:00 UTC) China Trade Balance CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $29K After April Jobs Report; Are CBDCs Becoming a Presidential Election Issue? The U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a Bureau of Labor Statistics report. Separately, CoinDesk\'s Executive Director of Global Content, Emily Parker, explained why central bank digital currencies could become a topic in the U.S. presidential election. Mysten Labs CEO Evan Cheng and Chase White from Compass Point Research also joined the conversation. Headlines Pepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit : A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham. Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens : A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?" Alibaba Says ‘Open Sesame’ to Web3 : The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform. Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty : The crypto exchange’s first quarter revenue of $773 million was up 23% from the previous three months and blew past estimates for just $655 million. NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity : Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether fell slightly on Sunday, although there\'s potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment.\nInsights:Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and available Layer-2 and sidechain solutions.\nBitcoin Has a Boring Weekend, Despite Binance’s Temporary Withdrawal Pause\nCoinDesk Market Index (CMI)\n1,228\n−0.4▼0.0%\nBitcoin (BTC)\n$28,593\n−327.2▼1.1%\nEthereum (ETH)\n$1,893\n−8.2▼0.4%\nS&P 500\n4,136.25\n+75.0▲1.8%\nGold\n$2,024\n+6.3▲0.3%\nNikkei 225\n29,157.95\n+34.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,228", "\\u22120.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,593", "\\u2212327.2\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,893", "\\u22128.2\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.25", "+75.0\\u25b21.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+6.3\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,157.95", "+34.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia. As the East begins its trading week, bitcoin and ether were both recently down a few fractions of a percentage point. Bitcoin was off 0.34% to $28,787, while Ether fell 0.4% to $1,913.\nBitBull Capital CEO Joe DiPasquale points to meme coins as a reason for a pump in market sentiment but fairly flat activity for the crypto majors.\n“The market hasn’t moved strongly this week, but the market sentiment has been on a rollercoaster with meme coin mania at peak,” DiPasquale wrote to CoinDesk in a note. “WithPEPE and other meme coinsposting high five-figure percentage gains, we wouldn’t be surprised if a market-wide rally materializes in the near term.”\nDiPasquale notes that bitcoin still hasn’t tested support levels on the downside, and that Bollinger Bands continue to tighten. This means that the gap between the upper and lower bands is narrowing, indicating a decrease in market volatility. This typically suggests that a significant price movement might be on the horizon, as periods of low volatility often precede larger market trends.\n“Moving forward, we’d expect a strong bounce off $25K to continue another leg above $30K,” DiPasquale concluded.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.6%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.9%", "DACS Sector": "Entertainment"}]\nBitcoin Maximalists Find Ordinals Annoying, but They Are a Needed Revenue Source for Miners\nThe Bitcoin community is at acrossroads right now.\nOn the one hand, some of the largest miners are eitherworking through bankruptcyproceedings,getting bailouts, or arerestructuring debt– all of this a hangover from a brutal, bearish 2022. At the same time, many in the bitcoin communityare decrying the congested, expensive state of the bitcoin network caused by thesurge in the popularityof the NFT-like Ordinal inscriptions. Binance’stemporary pauseof bitcoin withdrawals on Sunday was proof that there’s a problem brewing.\nFor the uninitiated, Ordinal Inscriptions, akin to NFTs, are digital assets inscribed on satoshis (the smallest currency unit of bitcoin) enabled by the Taproot upgrade, allowing for smart contracts and the minting of NFTs directly onto the Bitcoin blockchain.\nThe scale of ordinals’ growth has been immense (though many of them are just text).Earlier this month, the number of ordinals surpassed three million, andnow that number is just over four million.\nIn the long run, however, cash-strapped miners are going to be a big beneficiary of this newfound interest in the bitcoin blockchain.\nAccording todata compiledby the user dgtl_assets on Dune, ordinal inscriptions are now producing daily fees just north of $2.7 million, with the total fees coming in at around $14 million.\nIn an April note,Grayscale arguedthat the surge in fees from ordinals is useful for incentivizing mining and thus, securing the network.\n“While some are critical of ordinals, cautioning against bloating the blockchain or harming fungibility, we believe that ordinals represent one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem,” Grayscale wrote. “The advent of ordinals has led to an increase in total fees paid to miners, which could potentially establish a sustainable baseline level of transaction fees to incentivize miners.”\nGrayscale and CoinDesk share the same parent company in Digital Currency Group.\nWhen balancing network security versus a new channel of mining incentives versus the annoyance of congestion, which one wins? Probably the new incentives channel.\nRealistically, this could do a lot to help plug holes in miners’ balance sheets. Sure, bailouts could also be a solution, but that would centralize mining around stakeholders likeBinanceand Galaxy Digital.\nAnd for those complaining, there are plenty of solutions readily available, like Layer-2s or sidechains such as the Lightning Network or Liquid.\nBitcoiners should celebrate ordinals and be glad that the market is signaling they are here to stay.\n3:30 a.m. HKT/SGT(19:30 UTC)Japan Overall Household Spending (YoY/March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Retail Sales (QoQ/Q1)\n7:00 a.m. HKT/SGT(23:00 UTC)China Trade Balance\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $29K After April Jobs Report; Are CBDCs Becoming a Presidential Election Issue?\nThe U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a Bureau of Labor Statistics report. Separately, CoinDesk\'s Executive Director of Global Content, Emily Parker, explained why central bank digital currencies could become a topic in the U.S. presidential election. Mysten Labs CEO Evan Cheng and Chase White from Compass Point Research also joined the conversation.\nPepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit:A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.\nPump the BRCs: The Promise and Peril of Bitcoin-backed Tokens:A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?"\nAlibaba Says ‘Open Sesame’ to Web3:The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.\nCoinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty:The crypto exchange’s first quarter revenue of $773 million was up 23% from the previous three months and blew past estimates for just $655 million.\nNFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity:Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.', '* Four hour block on bitcoin withdrawals across Sunday and Monday * Pending transactions cleared with higher fees - Binance (Recasts with fees detail, updates Bitcoin price, adds fresh Binance and expert quote, turnover data) SINGAPORE, May 8 (Reuters) - Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday the world\'s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it hadn\'t offered so-called miners a high enough reward to log the trades on the blockchain. The halt pushed bitcoin lower though its losses were marginal, with the cryptocurrency last down about 1% to $28,162, its lowest in nearly a week. "Our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said in a tweet. "We\'re replacing the pending bictoin withdrawal transactions with a higher fee so that they get picked up by mining pools." Gas fees refer to payments made to crypto miners whose computing power processes transactions on the blockchain. "If the withdrawal amount is large, the gas fee required to process the transaction may also be large, especially during times of high network congestion," Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion. "We need more information as to what has led to the large withdrawals." After an hour-long stoppage late on Sunday and several hours on Monday, Binance said withdrawals resumed. "To prevent a similar recurrence ... our fees have been adjusted." In a separate tweet Binance denied there had been large outflows from the platform. In March, Binance had suspended deposits and withdrawals citing tech issues. Twenty-four hour trading volume on Binance was $6.9 billion according to analytics site CoinMarketCap, more than eight times the next-largest venue, Coinbase. (Reporting by Rae Wee in Singapore and Akanksha Khushi in Bengaluru; Editing by Muralikumar Anantharaman, Jacqueline Wong & Simon Cameron-Moore) View comments', '\nFour hour block on bitcoin withdrawals across Sunday and Monday\n\nPending transactions cleared with higher fees - Binance\n(Recasts with fees detail, updates Bitcoin price, adds fresh Binance and expert quote, turnover data)\nSINGAPORE, May 8 (Reuters) - Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost.\nLate on Sunday and again early on Monday the world\'s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it hadn\'t offered so-called miners a high enough reward to log the trades on the blockchain.\nThe halt pushed bitcoin lower though its losses were marginal, with the cryptocurrency last down about 1% to $28,162, its lowest in nearly a week.\n"Our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said in a tweet. "We\'re replacing the pending bictoin withdrawal transactions with a higher fee so that they get picked up by mining pools."\nGas fees refer to payments made to crypto miners whose computing power processes transactions on the blockchain.\n"If the withdrawal amount is large, the gas fee required to process the transaction may also be large, especially during times of high network congestion," Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion.\n"We need more information as to what has led to the large withdrawals." After an hour-long stoppage late on Sunday and several hours on Monday, Binance said withdrawals resumed.\n"To prevent a similar recurrence ... our fees have been adjusted." In a separate tweet Binance denied there had been large outflows from the platform.\nIn March, Binance had suspended deposits and withdrawals citing tech issues. Twenty-four hour trading volume on Binance was $6.9 billion according to analytics site CoinMarketCap, more than eight times the next-largest venue, Coinbase.\n(Reporting by Rae Wee in Singapore and Akanksha Khushi in Bengaluru; Editing by Muralikumar Anantharaman, Jacqueline Wong & Simon Cameron-Moore)', "Argentina\x92s Payment Apps Can No Longer Offer Crypto Argentina\x92s Payment Apps Can No Longer Offer Crypto The central bank of Argentina has issued a new rule that prohibits payment providers from enabling crypto transactions on their platforms. The bank claims that this measure is aimed at reducing the exposure of the country's payment system to digital assets, which are not regulated by any national authority. The rule applies to both payment fintechs and financial institutions that offer payment accounts. This decision could have a significant impact on the local crypto industry, which has been growing rapidly amid the economic crisis and hyperinflation in Argentina. The price of Bitcoin in Argentine pesos reached an all-time high in April, surging more than 100% since the beginning of the year. The Argentine peso, on the other hand, has lost almost half of its value against the US dollar in the past year. Some regions in Argentina have already adopted cryptocurrencies as a way to hedge against inflation and currency devaluation. For example, the province of San Luis launched its own stablecoin pegged to the US dollar in December, which is available to all residents and backed by liquid financial assets. Additionally, some 30% of consumers in the country are said to use stablecoins for day-to-day transactions.", "The central bank of Argentina has issued a new rule that prohibits payment providers from enabling crypto transactions on their platforms. The bank claims that this measure is aimed at reducing the exposure of the country's payment system to digital assets, which are not regulated by any national authority. The rule applies to both payment fintechs and financial institutions that offer payment accounts.\nThis decision could have a significant impact on the local crypto industry, which has been growing rapidly amid the economic crisis and hyperinflation in Argentina. The price of Bitcoin in Argentine pesos reached an all-time high in April, surging more than 100% since the beginning of the year. The Argentine peso, on the other hand, has lost almost half of its value against the US dollar in the past year.\nSome regions in Argentina have already adopted cryptocurrencies as a way to hedge against inflation and currency devaluation. For example, the province of San Luis launched its own stablecoin pegged to the US dollar in December, which is available to all residents and backed by liquid financial assets. Additionally, some 30% of consumers in the country are said to use stablecoins for day-to-day transactions.", "Controversy Rises as Bitcoin Transaction Fees Continue Climb to Historical Highs Controversy Rises as Bitcoin Transaction Fees Continue Climb to Historical Highs A recent phenomenon in the Bitcoin network has raised some concerns among users and observers. Some transactions are embedding images, texts, and other data into Bitcoin's blockchain using a technique called Ordinals Inscription. This process takes advantage of some updates to Bitcoin's code that allow for more flexibility and scalability, such as SegWit and Taproot. However, not everyone is happy with this trend. Some critics argue that the ordinals protocol is an attack on Bitcoin's fungibility, meaning that each bitcoin should be indistinguishable from another. They claim that by adding arbitrary data to the blockchain, ordinals make some bitcoins more valuable or desirable than others, depending on their content. For example, some ordinals inscriptions contain NFTs or digital art that could have a market value. Another concern is that ordinals could pose a threat to Bitcoin's mission in El Salvador, where it is legal tender. Some fear that by filling up the blockchain with unnecessary data, ordinals could increase transaction fees and congestion, making Bitcoin less accessible and affordable for ordinary people. Ordinals are a controversial topic in the Bitcoin community, and there is no clear consensus on whether it is an improvement or an attack. Some see it as a way of expressing creativity and innovation, while others see it as a way of abusing and undermining Bitcoin's core principles.", "A recent phenomenon in the Bitcoin network has raised some concerns among users and observers. Some transactions are embedding images, texts, and other data into Bitcoin's blockchain using a technique called Ordinals Inscription. This process takes advantage of some updates to Bitcoin's code that allow for more flexibility and scalability, such as SegWit and Taproot.\nHowever, not everyone is happy with this trend. Some critics argue that the ordinals protocol is an attack on Bitcoin's fungibility, meaning that each bitcoin should be indistinguishable from another. They claim that by adding arbitrary data to the blockchain, ordinals make some bitcoins more valuable or desirable than others, depending on their content. For example, some ordinals inscriptions contain NFTs or digital art that could have a market value.\nAnother concern is that ordinals could pose a threat to Bitcoin's mission in El Salvador, where it is legal tender. Some fear that by filling up the blockchain with unnecessary data, ordinals could increase transaction fees and congestion, making Bitcoin less accessible and affordable for ordinary people.\nOrdinals are a controversial topic in the Bitcoin community, and there is no clear consensus on whether it is an improvement or an attack. Some see it as a way of expressing creativity and innovation, while others see it as a way of abusing and undermining Bitcoin's core principles.", "A recent phenomenon in the Bitcoin network has raised some concerns among users and observers. Some transactions are embedding images, texts, and other data into Bitcoin's blockchain using a technique called Ordinals Inscription. This process takes advantage of some updates to Bitcoin's code that allow for more flexibility and scalability, such as SegWit and Taproot.\nHowever, not everyone is happy with this trend. Some critics argue that the ordinals protocol is an attack on Bitcoin's fungibility, meaning that each bitcoin should be indistinguishable from another. They claim that by adding arbitrary data to the blockchain, ordinals make some bitcoins more valuable or desirable than others, depending on their content. For example, some ordinals inscriptions contain NFTs or digital art that could have a market value.\nAnother concern is that ordinals could pose a threat to Bitcoin's mission in El Salvador, where it is legal tender. Some fear that by filling up the blockchain with unnecessary data, ordinals could increase transaction fees and congestion, making Bitcoin less accessible and affordable for ordinary people.\nOrdinals are a controversial topic in the Bitcoin community, and there is no clear consensus on whether it is an improvement or an attack. Some see it as a way of expressing creativity and innovation, while others see it as a way of abusing and undermining Bitcoin's core principles.", 'Binance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffers from unprecedented congestion. $BTC withdrawals are now resumed on #Binance . Pending transactions are being processed by replacing them with higher transaction fees. We\'ll post another update once these pending transactions are all processed. \x97 Binance (@binance) May 8, 2023 Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours. "To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed," Binance said in a tweet . "Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations." The number of unconfirmed transactions was approaching 500,000 when the second halt took place, from around 400,000 when the first pause occurred. It is now beginning to decline, and is currently just over 430,000 over a 12-hour period. The price of bitcoin continues to drift downward and is now at $28,240, down 2.6% in the last 24 hours. CoinGecko data shows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs. UPDATE (May 8, 2023, 05:00 UTC) Updates the story throughout.', 'Binance hasonce again resumed bitcoin (BTC) withdrawalsafter a second pause, as the Bitcoin network suffers from unprecedented congestion.\nBinance briefly paused bitcoin withdrawals foraround two hours Sunday afternoon U.S. timeas the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours.\n"To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed,"Binance said in a tweet. "Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations."\nThe number of unconfirmed transactionswas approaching 500,000 when the second halt took place, from around 400,000 when the first pause occurred. It is now beginning to decline, and is currently just over 430,000 over a 12-hour period.\nThe price of bitcoincontinues to drift downward and is now at $28,240, down 2.6% in the last 24 hours.\nCoinGecko datashows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs.\nUPDATE (May 8, 2023, 05:00 UTC)Updates the story throughout.', 'Binance hasonce again resumed bitcoin (BTC) withdrawalsafter a second pause, as the Bitcoin network suffers from unprecedented congestion.\nBinance briefly paused bitcoin withdrawals foraround two hours Sunday afternoon U.S. timeas the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours.\n"To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed,"Binance said in a tweet. "Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations."\nThe number of unconfirmed transactionswas approaching 500,000 when the second halt took place, from around 400,000 when the first pause occurred. It is now beginning to decline, and is currently just over 430,000 over a 12-hour period.\nThe price of bitcoincontinues to drift downward and is now at $28,240, down 2.6% in the last 24 hours.\nCoinGecko datashows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs.\nUPDATE (May 8, 2023, 05:00 UTC)Updates the story throughout.', "Voyager Digital Will Liquidate After Failing to Find Buyer Voyager Digital Will Liquidate After Failing to Find Buyer Voyager Digital, a crypto broker that went bankrupt last year, has given up on finding a buyer and decided to liquidate its assets and wind down its business. The company had previously tried to sell itself to FTX US and Binance US, but both deals fell through due to regulatory hurdles and other issues. According to a filing on Friday, Voyager customers will be able to recover only 36% of their crypto holdings, which is much lower than the 72-73% they would have received if the Binance US deal had gone ahead. However, this percentage could increase if Voyager wins a legal dispute with Alameda Research, a crypto trading firm that claims $446 million from Voyager's estate. Voyager will allow customers to withdraw their funds directly if they have any of the 67 supported tokens, such as Bitcoin and Ether. However, some tokens that cannot be withdrawn will be sold and converted to cash for customers. Voyager said on Twitter that it hopes to start making initial distributions to customers in the next few weeks. However, the plan could face objections from creditors or other parties, which would delay the process.", "Voyager Digital, a crypto broker that went bankrupt last year, has given up on finding a buyer and decided to liquidate its assets and wind down its business. The company had previously tried to sell itself to FTX US and Binance US, but both deals fell through due to regulatory hurdles and other issues.\nAccording to a filing on Friday, Voyager customers will be able to recover only 36% of their crypto holdings, which is much lower than the 72-73% they would have received if the Binance US deal had gone ahead. However, this percentage could increase if Voyager wins a legal dispute with Alameda Research, a crypto trading firm that claims $446 million from Voyager's estate.\nVoyager will allow customers to withdraw their funds directly if they have any of the 67 supported tokens, such as Bitcoin and Ether. However, some tokens that cannot be withdrawn will be sold and converted to cash for customers.\nVoyager said on Twitter that it hopes to start making initial distributions to customers in the next few weeks. However, the plan could face objections from creditors or other parties, which would delay the process.", 'Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 resistance ceiling over the weekend. Ether dropped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded flat to lower. XRP led the losers. U.S. equity futures traded flat after Wall Street\x92s Friday rally. Stock investors have the U.S. consumer price index (CPI) out on Wednesday for the next look at the pace of inflation and a week ahead to find out if worries about the banking industry will ease. See related article: Largest banks should fill void left in crypto following collapses, says Standard Chartered\x92s Geoff Kendrick Top 10 crypto lose steam Image: Envato Elements Bitcoin dropped 1.34% to US$28,594 in the 24 hours to 09:00 a.m. in Hong Kong, according to CoinMarketCap data , losing 2.45% for the week. The world\x92s largest cryptocurrency reached a weekly high of US$29,820 on Saturday, but then lost momentum. U.S. President Joe Biden is pushing for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, which could add downward pressure to the crypto market as miners may need to sell more Bitcoin to stay profitable. Ether dipped 1.34% to US$1,882, inching down 0.10% for the week. The second largest cryptocurrency breached the US$2,000 resistance level on Saturday, but later fell back. Etherscan data showed the Ethereum Foundation moved about 15,000 Ether (US$30 million) to crypto exchange Kraken, a move that usually precedes sales. Most other top 10 non-stablecoin cryptocurrencies logged losses for the past 24 hours, with the exception of Litecoin, which edged up 0.71% to US$84.48, but traded down 4.71% for the week. XRP led the losers, falling 1.88% to US$0.4514 and moving down 4.31% for the week. Polkadot dropped 0.40% to US$5.64 and traded down 4.30% for the past seven days. Despite the price drop, the Polkadot blockchain is seeing increasing adoption from traditional finance. Deloitte, one of the Big Four accounting firms, said last Thursday it had integrated KLT protocol \x96 a parachain of the Polkadot network \x96 to improve the verification process in the company\x92s Know Your Customer/Know Your Business checks. Story continues The total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.18 trillion. The total trading volume fell 24.79% to US$28.93 billion. NFT The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index slid 1.81% to 3,524.43 in the 24 hours to 09:00 a.m. in Hong Kong, falling 5.59% for the week. The Ethereum blockchain saw its 24-hour NFT sales edge up 1.69% to US$14.99 million, but also logged US$11.11 million of \x93wash trades\x94, which surged 30.27%, according to data from CryptoSlam . Wash trades involve an investor acting as both the buyer and seller of an asset to generate misleading trading volume and potentially manipulate prices. The practice is illegal in U.S. securities markets. \x93Wash trades make up a significant percentage of monthly transactions and are still largely driven by traders\x92 farming points on the Blur marketplace,\x94 according to Forkast Labs NFT strategist Yehudah Petscher in a commentary on Saturday. He noted that \x93while the total USD volume of global sales has been up in the past seven days, the Forkast 500, with wash sales removed, shows the NFT market actually losing value and is down over 2%.\x94 Equities Image: Envato Elements U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.07%. The S&P 500 futures moved down 0.10%. And the Nasdaq Composite futures inched 0.09% lower. The three U.S. stock indexes rallied on Friday, helped by strong earnings at Apple and a 4.69% jump in the company\x92s share price on the day. Worries about the U.S. banking industry eased somewhat after JPMorgan Chase upgraded the outlook of three U.S. regional banks \x96 Western Alliance Bancorp., Zions Bancorp. and Comerica Inc. \x96 saying their stock prices were \x93substantially mispriced,\x94 according to Bloomberg on Saturday . The share price of lender PacWest Bancorp bounced back 81% on Friday after a 50% slump the day before. April CPI numbers coming on Wednesday are forecast to rise 5.5% on year, a slight slowing from 5.6% in the previous month, according to Bloomberg on Sunday. The inflation number is watched as a signal for whether the Federal Reserve may pause its interest rate hikes in June. Meanwhile, concerns rumble on that the U.S. government could default on its debt as early as June, with the U.S. Treasury Secretary Janet Yellen again warning on Sunday that a constitutional crisis could be triggered if Congress failed to raise the debt ceiling in time, according to Reuters . The potential default of the U.S. government could \x93negatively impact the price of Bitcoin and other cryptocurrencies as part of a further risk-off approach by investors,\x94 said Mikkel Morch \x96 Chairman and Non-Executive Director at crypto hedge fund ARK36 \x96 in an emailed statement on Friday. The Fed\x92s next move on interest rates is due on June 14. Analysts at the CME Group now expect a 90.4% chance the Fed will keep the rates unchanged at 5% to 5.25%, and a 9.6% chance for another 25 basis-point rate hike. (Corrects wash trade figures in second paragraph in NFT section.) See related article: Pepe, Floki to list on Binance exchange', 'Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 resistance ceiling over the weekend. Ether dropped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded flat to lower. XRP led the losers. U.S. equity futures traded flat after Wall Street’s Friday rally. Stock investors have the U.S. consumer price index (CPI) out on Wednesday for the next look at the pace of inflation and a week ahead to find out if worries about the banking industry will ease.\nSee related article:Largest banks should fill void left in crypto following collapses, says Standard Chartered’s Geoff Kendrick\nBitcoin dropped 1.34% to US$28,594 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data, losing 2.45% for the week. The world’s largest cryptocurrency reached a weekly high of US$29,820 on Saturday, but then lost momentum.\nU.S. President Joe Biden is pushing for atax on cryptocurrency minersequal to 30% of the cost of the power they use, which could add downward pressure to the crypto market as miners may need to sell more Bitcoin to stay profitable.\nEther dipped 1.34% to US$1,882, inching down 0.10% for the week. The second largest cryptocurrency breached the US$2,000 resistance level on Saturday, but later fell back.Etherscan datashowed the Ethereum Foundation moved about 15,000 Ether (US$30 million) to crypto exchange Kraken, a move that usually precedes sales.\nMost other top 10 non-stablecoin cryptocurrencies logged losses for the past 24 hours, with the exception of Litecoin, which edged up 0.71% to US$84.48, but traded down 4.71% for the week.\nXRP led the losers, falling 1.88% to US$0.4514 and moving down 4.31% for the week.\nPolkadot dropped 0.40% to US$5.64 and traded down 4.30% for the past seven days. Despite the price drop, the Polkadot blockchain is seeing increasing adoption from traditional finance. Deloitte, one of the Big Four accounting firms,saidlast Thursday it had integratedKLT protocol– a parachain of the Polkadot network – to improve the verification process in the company’s Know Your Customer/Know Your Business checks.\nThe total crypto market capitalization dropped 1.03% in the past 24 hours to US$1.18 trillion. The total trading volume fell 24.79% to US$28.93 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index slid 1.81% to 3,524.43 in the 24 hours to 09:00 a.m. in Hong Kong, falling 5.59% for the week.\nThe Ethereum blockchain saw its 24-hour NFT sales edge up 1.69% to US$14.99 million, but also logged US$11.11 million of “wash trades”, which surged 30.27%, according to data fromCryptoSlam.\nWash trades involve an investor acting as both the buyer and seller of an asset to generate misleading trading volume and potentially manipulate prices. The practice is illegal in U.S. securities markets.\n“Wash trades make up a significant percentage of monthly transactions and are still largely driven by traders’ farming points on the Blur marketplace,” according to Forkast Labs NFT strategist Yehudah Petscher in acommentaryon Saturday. He noted that “while the total USD volume of global sales has been up in the past seven days, the Forkast 500, with wash sales removed, shows the NFT market actually losing value and is down over 2%.”\nU.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.07%. The S&P 500 futures moved down 0.10%. And the Nasdaq Composite futures inched 0.09% lower.\nThe three U.S. stock indexes rallied on Friday, helped by strong earnings atAppleand a 4.69% jump in the company’s share price on the day.\nWorries about the U.S. banking industry eased somewhat after JPMorgan Chase upgraded the outlook of three U.S. regional banks – Western Alliance Bancorp., Zions Bancorp. and Comerica Inc. – saying their stock prices we Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $539,751,464,050 - Hash Rate: 326932423.4586156 - Transaction Count: 575051.0 - Unique Addresses: 552358.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks erased earlier gains to close lowers despite cooler-than-expected March inflation data. • The consumer price index increased 0.1% last month compared to estimates of 0.2%. • The Fed expects the economy to slip into a recession later this year, meeting minutes show. US stocks declined on Wednesday as investors assess concerns over a coming recession. Meeting minutes releasedby the Federal Reserve said policymakers anticipate banking sector turmoil to send the economy into a downturn later this year. Equities erased earlier gains in the session, which were spurred by a cooler-than-expected March inflation report. "Reflecting the effects of less projected tightness in product and labor markets, core inflation was forecast to slow sharply next year," FOMC minutes said. The consumer price index increased 0.1% month-over-month in March compared to analysts' estimates of 0.2%, and was up 5% from a year ago Excluding food and energy prices, the closely watched core CPI increased 5.6% on an yearly basis compared to 5.5% in February. Inflation levels remains elevated as the US central bank tries to wrangle it down to its 2% target. Fed fund futures are showing odds favor a 25 basis-point rate hike in May and for the Fed to begin cutting interest rates in July. Here's where US indexes stood shortly after the 4:00 p.m. ET close on Wednesday: • S&P 500:4,091.95, down 0.41% • Dow Jones Industrial Average:33,646.50, down 0.11% (38.29 points) • Nasdaq Composite:11,929.34, down 0.85% Here's what else is happening this morning: • IIF chief warns that the largestthreat to the banking sectoris the central banks' monetary tightening campaigns and geopolitical woes. • Berkshire Hathaway chairman Warren Buffett saysbitcoin is a "gambling token"with zero value. • Surging interest rates and banking concerns pose significant risks to lending, according to Bill Gross and Jeffrey Gundlach, who both predicta credit crunch. • Here are few signals that have to flash in order for stocks to enter a sustainable bull market, according toFairlead Strategies'Katie Stockton. • Economist David Rosenberg breaks down why another central bank interest rate hikeswill be a mistake. In commodities, bonds and crypto: • West Texas Intermediate crudeoil rose 2% to $83.23 per barrel.Brent crude, oil's international benchmark, jumped 1.9% to $87.25. • Goldrose 0.5% to $2,028.70 per ounce. • The yield on the 10-year Treasury was flat at 3.40%. • Bitcoin rose slightly to $30,216.03, while ether fell 1.33% to $1,892. Read the original article onBusiness Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The world’s biggest cryptocurrency exchange today moved around billions of dollars of its own Bitcoin—leading some to think that it was withdrawing gargantuan amounts of crypto.\nBinance moved over $5 billion in the biggest cryptocurrency since yesterday, representing nearly 30% of the exchange’s net BTC reserve balance.\nData from Coinglassshowedthat over 183,080 BTC flowed out of the exchange in 24 hours, prompting some experts to comment on the “unusual” movements—and spooking others.\nThe movements came just after Binancetemporarily pausedBTC withdrawals on its platform.But Binance later said that the transfers were nothing to worry about.\nBinance Pauses Bitcoin Withdrawals, Blames Network Congestion\n“We’re aware that some data are showing a large volume of outflows from Binance,” the exchange said on Twitter. “This ‘outflow’ [sic] are actually movements between Binance hot and cold wallets due to the BTC address adjustments.”\nA Binance spokesperson toldDecryptthat the movements were not reason for concern, pointing to a tweet from CryptoQuant head of research Julio Moreno, who said the movements were down to “newly created change addresses” owned by the exchange.\nAs the world’s biggest digital asset exchange, users keep an eye on large Binance transactions. Such movements can often be interpreted as signals of investor confidence in the company—or the lack thereof.\nBillions of dollars in cryptoflowed outof Binance in December in a 24-hour period, for example, leading some to speculate on whether its reserves were secure. Binance CEO Changpeng ‘CZ’ Zhao said at the time that the withdrawals were “business as usual.”\nAnd billions flowed out of the exchange last month after the Commodity Futures Trading Commission (CFTC)hitthe exchange with a lawsuit for allegedly violating trading and derivatives rules.\nCZshrugged offthe withdrawals on Twitter as “small.”', 'The world’s biggest cryptocurrency exchange today moved around billions of dollars of its own Bitcoin—leading some to think that it was withdrawing gargantuan amounts of crypto.\nBinance moved over $5 billion in the biggest cryptocurrency since yesterday, representing nearly 30% of the exchange’s net BTC reserve balance.\nData from Coinglassshowedthat over 183,080 BTC flowed out of the exchange in 24 hours, prompting some experts to comment on the “unusual” movements—and spooking others.\nThe movements came just after Binancetemporarily pausedBTC withdrawals on its platform.But Binance later said that the transfers were nothing to worry about.\nBinance Pauses Bitcoin Withdrawals, Blames Network Congestion\n“We’re aware that some data are showing a large volume of outflows from Binance,” the exchange said on Twitter. “This ‘outflow’ [sic] are actually movements between Binance hot and cold wallets due to the BTC address adjustments.”\nA Binance spokesperson toldDecryptthat the movements were not reason for concern, pointing to a tweet from CryptoQuant head of research Julio Moreno, who said the movements were down to “newly created change addresses” owned by the exchange.\nAs the world’s biggest digital asset exchange, users keep an eye on large Binance transactions. Such movements can often be interpreted as signals of investor confidence in the company—or the lack thereof.\nBillions of dollars in cryptoflowed outof Binance in December in a 24-hour period, for example, leading some to speculate on whether its reserves were secure. Binance CEO Changpeng ‘CZ’ Zhao said at the time that the withdrawals were “business as usual.”\nAnd billions flowed out of the exchange last month after the Commodity Futures Trading Commission (CFTC)hitthe exchange with a lawsuit for allegedly violating trading and derivatives rules.\nCZshrugged offthe withdrawals on Twitter as “small.”', 'The world\x92s biggest cryptocurrency exchange today moved around billions of dollars of its own Bitcoin\x97leading some to think that it was withdrawing gargantuan amounts of crypto. Binance moved over $5 billion in the biggest cryptocurrency since yesterday, representing nearly 30% of the exchange\x92s net BTC reserve balance. Data from Coinglass showed that over 183,080 BTC flowed out of the exchange in 24 hours, prompting some experts to comment on the \x93unusual\x94 movements\x97and spooking others. The movements came just after Binance temporarily paused BTC withdrawals on its platform. But Binance later said that the transfers were nothing to worry about. Binance Pauses Bitcoin Withdrawals, Blames Network Congestion \x93We\x92re aware that some data are showing a large volume of outflows from Binance,\x94 the exchange said on Twitter. \x93This \x91outflow\x92 [sic] are actually movements between Binance hot and cold wallets due to the BTC address adjustments.\x94 A Binance spokesperson told Decrypt that the movements were not reason for concern, pointing to a tweet from CryptoQuant head of research Julio Moreno, who said the movements were down to \x93newly created change addresses\x94 owned by the exchange. CFTC, SEC, DOJ, IRS: These Are the Ongoing Investigations Into Binance As the world\x92s biggest digital asset exchange, users keep an eye on large Binance transactions. Such movements can often be interpreted as signals of investor confidence in the company\x97or the lack thereof. Billions of dollars in crypto flowed out of Binance in December in a 24-hour period, for example, leading some to speculate on whether its reserves were secure. Binance CEO Changpeng \x91CZ\x92 Zhao said at the time that the withdrawals were \x93business as usual.\x94 And billions flowed out of the exchange last month after the Commodity Futures Trading Commission (CFTC) hit the exchange with a lawsuit for allegedly violating trading and derivatives rules. CZ shrugged off the withdrawals on Twitter as \x93small.\x94', 'Good morning. Here’s what’s happening: Prices: Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum. Insights: Bitcoin\'s path "is not straight," Paul Eisma, head of trading for XBTO Group, told CoinDesk TV. Prices Bitcoin Buckles Under Pressure of Network Congestion Chaos CoinDesk Market Index (CMI) 1,185 −40.6 ▼ 3.3% Bitcoin (BTC) $27,715 −739.6 ▼ 2.6% Ethereum (ETH) $1,850 −25.5 ▼ 1.4% S&P 500 4,138.12 +1.9 ▲ 0.0% Gold $2,029 +11.2 ▲ 0.6% Nikkei 225 28,949.88 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,185 −40.6 ▼ 3.3% Bitcoin (BTC) $27,715 −739.6 ▼ 2.6% Ethereum (ETH) $1,850 −25.5 ▼ 1.4% S&P 500 4,138.12 +1.9 ▲ 0.0% Gold $2,029 +11.2 ▲ 0.6% Nikkei 225 28,949.88 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Falls Good morning Asia. Bitcoin is beginning the East Asia trading day down 2.6% at $27,715, while Ether is down 1.4% to $1,850. The Bitcoin network’s Ordinal-induced congestion is to blame, which caused Binance to suspend withdrawals twice over the weekend. "What\'s going on right now in bitcoin is, is quite unprecedented. And we haven\'t really seen this for many, many years," 21Co co-founder and CEO Hany Rashwan said during a recent appearance on CoinDesk TV. Like others, Rashwan blamed BRC-20 meme coins, but also said that we shouldn’t conflate these with altcoins. "I wouldn\'t categorize meme coins in the same league as altcoins like Ethereum or Solana,” he said. “These altcoins are essentially smart contract platforms that facilitate a range of functions, including but not limited to meme coins and NFTs." Rashwan sees a way out of the congestion which involves meme coin holders taking profits and moving to altcoins and Ethereum, which in turn could lead to those coins increasing in value as well. Story continues But it will take another large macroeconomic event to kick off this move. And for now, we are stuck with Bitcoin NFTs of PEPE. Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −13.8% Smart Contract Platform Gala GALA −10.4% Entertainment Decentraland MANA −6.9% Entertainment Insights Bitcoin\'s Not-So Straight Path The meme pool-spurred congestion on Binance and bitcoin’s hefty decline are “growing pains,” but the largest cryptocurrency by market capitalization “will be fine in the long run,” Paul Eisma, head of trading for XBTO Group, told CoinDesk’s “All About Bitcoin” program on Monday. “It\'s almost like a deer in headlights for the bitcoin protocol,” Eisma said, linking the latest technical problems to the late 2021 Taproot upgrade, which boosted the bitcoin network’s privacy, among other improvements. But Eisma said optimistically that bitcoin has remained in a range roughly between $25,000 and $30,000 for much of this year. He said that crypto is still in its formative years, so understandably subject to the same headwinds that have afflicted other early-stage technologies throughout history. “Like any young and growing, nascent technology that gets upgrades and modifications, this is part of it,” Eisma said. “This is part of the growth and evolution of the network, and the path is not straight. Eisma said that he will be eyeing Wednesday’s release of the May Consumer Price Index (CPI) for a sense of the U.S. central bank’s next privacy move. The Federal Reserve has boosted interest rates 25 basis points (bps) three consecutive times, but observers of monetary policy, particularly those critical of the Fed, are hoping for a cessation of the bank’s hawkishness. “What asset markets are looking for is something not too strong or too weak because if something comes in and around, like, I don\'t know, plus, or minus, you know, some decent, low standard deviation of what\'s expected, then (it’s) still too early for a pause to rate decreases,” he said. But he added warily that the current inflation rate is still above “the 2% level the Fed is seeking. It\'s still about the core PCE level that they\'re seeking as well. So, you know, Powell has been clear that he\'s going to keep rates at this level for longer than the market is implying.” Important events. Moonclave (Las Vegas) 11:00a.m. HKT/SGT(3:00 UTC) China Trade Balance USD (April) 5:30 p.m. HKT/SGT(9:30 UTC) Australia Budget Release CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance Resumes Bitcoin Withdrawals After Second Pause; Pepecoin Falls Nearly 50% From Recent Highs Binance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffered from unprecedented congestion. This came as Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins). 21.co co-founder and CEO Hany Rashwan shared his crypto markets analysis. Revolut Brazil CEO Glauber Mota and Delta Blockchain Fund founder and GP Kavita Gupta also joined the conversation. Headlines Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace : As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines. Fractional Reserve Banking Is a Fraud (but It\'s Genius) : The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives. Sam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product : Worldcoin’s “minimalist” wallet, World App, wants to help you prove you’re human in the age of AI. Ripple\'s Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says, Report : The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit. Block Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish : Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum.\nInsights:Bitcoin\'s path "is not straight," Paul Eisma, head of trading for XBTO Group, told CoinDesk TV.\nBitcoin Buckles Under Pressure of Network Congestion Chaos\nCoinDesk Market Index (CMI)\n1,185\n−40.6▼3.3%\nBitcoin (BTC)\n$27,715\n−739.6▼2.6%\nEthereum (ETH)\n$1,850\n−25.5▼1.4%\nS&P 500\n4,138.12\n+1.9▲0.0%\nGold\n$2,029\n+11.2▲0.6%\nNikkei 225\n28,949.88\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "\\u221240.6\\u25bc3.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,715", "\\u2212739.6\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,850", "\\u221225.5\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,138.12", "+1.9\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,029", "+11.2\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,949.88", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Falls\nGood morning Asia.\nBitcoin is beginning the East Asia trading day down 2.6% at $27,715, while Ether is down 1.4% to $1,850.\nThe Bitcoin network’sOrdinal-induced congestionis to blame, whichcaused Binance to suspend withdrawalstwice over the weekend.\n"What\'s going on right now in bitcoin is, is quite unprecedented. And we haven\'t really seen this for many, many years," 21Co co-founder and CEO Hany Rashwan said during a recent appearance on CoinDesk TV.\nLike others, Rashwan blamed BRC-20 meme coins, but also said that we shouldn’t conflate these with altcoins.\n"I wouldn\'t categorize meme coins in the same league as altcoins like Ethereum or Solana,” he said. “These altcoins are essentially smart contract platforms that facilitate a range of functions, including but not limited to meme coins and NFTs."\nRashwan sees a way out of the congestion which involves meme coin holders taking profits and moving to altcoins and Ethereum, which in turn could lead to those coins increasing in value as well.\nBut it will take another large macroeconomic event to kick off this move. And for now, we are stuck with Bitcoin NFTs of PEPE.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221213.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.4%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}]\nBitcoin\'s Not-So Straight Path\nThe meme pool-spurred congestion on Binance and bitcoin’s hefty decline are “growing pains,” but the largest cryptocurrency by market capitalization “will be fine in the long run,” Paul Eisma, head of trading for XBTO Group, told CoinDesk’s “All About Bitcoin” program on Monday.\n“It\'s almost like a deer in headlights for the bitcoin protocol,” Eisma said, linking the latest technical problems to the late 2021 Taproot upgrade,which boostedthe bitcoin network’s privacy, among other improvements.\nBut Eisma said optimistically that bitcoin has remained in a range roughly between $25,000 and $30,000 for much of this year. He said that crypto is still in its formative years, so understandably subject to the same headwinds that have afflicted other early-stage technologies throughout history.\n“Like any young and growing, nascent technology that gets upgrades and modifications, this is part of it,” Eisma said. “This is part of the growth and evolution of the network, and the path is not straight.\nEisma said that he will be eyeing Wednesday’s release of the May Consumer Price Index (CPI) for a sense of the U.S. central bank’s next privacy move. The Federal Reserve has boosted interest rates 25 basis points (bps) three consecutive times, but observers of monetary policy, particularly those critical of the Fed, are hoping for a cessation of the bank’s hawkishness.\n“What asset markets are looking for is something not too strong or too weak because if something comes in and around, like, I don\'t know, plus, or minus, you know, some decent, low standard deviation of what\'s expected, then (it’s) still too early for a pause to rate decreases,” he said. But he added warily that the current inflation rate is still above “the 2% level the Fed is seeking. It\'s still about the core PCE level that they\'re seeking as well. So, you know, Powell has been clear that he\'s going to keep rates at this level for longer than the market is implying.”\nMoonclave (Las Vegas)\n11:00a.m. HKT/SGT(3:00 UTC)China Trade Balance USD (April)\n5:30 p.m. HKT/SGT(9:30 UTC)Australia Budget Release\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Resumes Bitcoin Withdrawals After Second Pause; Pepecoin Falls Nearly 50% From Recent Highs\nBinance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffered from unprecedented congestion. This came as Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins).21.coco-founder and CEO Hany Rashwan shared his crypto markets analysis. Revolut Brazil CEO Glauber Mota and Delta Blockchain Fund founder and GP Kavita Gupta also joined the conversation.\nLong-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace:As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.\nFractional Reserve Banking Is a Fraud (but It\'s Genius):The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives.\nSam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product:Worldcoin’s “minimalist” wallet, World App, wants to help you prove you’re human in the age of AI.\nRipple\'s Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says, Report:The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.\nBlock Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish:Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum.\nInsights:Bitcoin\'s path "is not straight," Paul Eisma, head of trading for XBTO Group, told CoinDesk TV.\nBitcoin Buckles Under Pressure of Network Congestion Chaos\nCoinDesk Market Index (CMI)\n1,185\n−40.6▼3.3%\nBitcoin (BTC)\n$27,715\n−739.6▼2.6%\nEthereum (ETH)\n$1,850\n−25.5▼1.4%\nS&P 500\n4,138.12\n+1.9▲0.0%\nGold\n$2,029\n+11.2▲0.6%\nNikkei 225\n28,949.88\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "\\u221240.6\\u25bc3.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,715", "\\u2212739.6\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,850", "\\u221225.5\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,138.12", "+1.9\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,029", "+11.2\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["28,949.88", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Falls\nGood morning Asia.\nBitcoin is beginning the East Asia trading day down 2.6% at $27,715, while Ether is down 1.4% to $1,850.\nThe Bitcoin network’sOrdinal-induced congestionis to blame, whichcaused Binance to suspend withdrawalstwice over the weekend.\n"What\'s going on right now in bitcoin is, is quite unprecedented. And we haven\'t really seen this for many, many years," 21Co co-founder and CEO Hany Rashwan said during a recent appearance on CoinDesk TV.\nLike others, Rashwan blamed BRC-20 meme coins, but also said that we shouldn’t conflate these with altcoins.\n"I wouldn\'t categorize meme coins in the same league as altcoins like Ethereum or Solana,” he said. “These altcoins are essentially smart contract platforms that facilitate a range of functions, including but not limited to meme coins and NFTs."\nRashwan sees a way out of the congestion which involves meme coin holders taking profits and moving to altcoins and Ethereum, which in turn could lead to those coins increasing in value as well.\nBut it will take another large macroeconomic event to kick off this move. And for now, we are stuck with Bitcoin NFTs of PEPE.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221213.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.4%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}]\nBitcoin\'s Not-So Straight Path\nThe meme pool-spurred congestion on Binance and bitcoin’s hefty decline are “growing pains,” but the largest cryptocurrency by market capitalization “will be fine in the long run,” Paul Eisma, head of trading for XBTO Group, told CoinDesk’s “All About Bitcoin” program on Monday.\n“It\'s almost like a deer in headlights for the bitcoin protocol,” Eisma said, linking the latest technical problems to the late 2021 Taproot upgrade,which boostedthe bitcoin network’s privacy, among other improvements.\nBut Eisma said optimistically that bitcoin has remained in a range roughly between $25,000 and $30,000 for much of this year. He said that crypto is still in its formative years, so understandably subject to the same headwinds that have afflicted other early-stage technologies throughout history.\n“Like any young and growing, nascent technology that gets upgrades and modifications, this is part of it,” Eisma said. “This is part of the growth and evolution of the network, and the path is not straight.\nEisma said that he will be eyeing Wednesday’s release of the May Consumer Price Index (CPI) for a sense of the U.S. central bank’s next privacy move. The Federal Reserve has boosted interest rates 25 basis points (bps) three consecutive times, but observers of monetary policy, particularly those critical of the Fed, are hoping for a cessation of the bank’s hawkishness.\n“What asset markets are looking for is something not too strong or too weak because if something comes in and around, like, I don\'t know, plus, or minus, you know, some decent, low standard deviation of what\'s expected, then (it’s) still too early for a pause to rate decreases,” he said. But he added warily that the current inflation rate is still above “the 2% level the Fed is seeking. It\'s still about the core PCE level that they\'re seeking as well. So, you know, Powell has been clear that he\'s going to keep rates at this level for longer than the market is implying.”\nMoonclave (Las Vegas)\n11:00a.m. HKT/SGT(3:00 UTC)China Trade Balance USD (April)\n5:30 p.m. HKT/SGT(9:30 UTC)Australia Budget Release\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Resumes Bitcoin Withdrawals After Second Pause; Pepecoin Falls Nearly 50% From Recent Highs\nBinance has once again resumed bitcoin (BTC) withdrawals after a second pause, as the Bitcoin network suffered from unprecedented congestion. This came as Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins).21.coco-founder and CEO Hany Rashwan shared his crypto markets analysis. Revolut Brazil CEO Glauber Mota and Delta Blockchain Fund founder and GP Kavita Gupta also joined the conversation.\nLong-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace:As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.\nFractional Reserve Banking Is a Fraud (but It\'s Genius):The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives.\nSam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product:Worldcoin’s “minimalist” wallet, World App, wants to help you prove you’re human in the age of AI.\nRipple\'s Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says, Report:The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.\nBlock Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish:Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.', 'Orbit Markets, an institutional liquidity provider of crypto options, is rolling out the first bitcoin and gold hybrid-focused derivative product with execution broker PI Digital. The initiative is among the latest developments among crypto industry firms to provide steady returns during periods of macroeconomic uncertainty. It aims to give investors exposure to gold and digital assets, two assets that hold their value. “This hybrid asset product is a perfect fit for investors that have experience in traditional assets such as gold and are now starting to dip their toes into digital assets,” OrBit Markets said in a press release. The derivative product, XAUT, is a gold-backed token issued by Tether. At maturity, the product will be settled in either USDT, XAUT or bitcoin as designated by OrBit, the Singapore-based company said. In its statement, OrBit noted that traditional financial service firms (TradFi) commonly offer hybrid products, including those combining stocks and commodity assets. The company said that investors “anticipating a sustained rally” in these two “safe haven” assets have risen amid growing concerns about the U.S. central bank’s hawkish monetary policy and resulting turmoil in the banking sector. “It\'s a dual option on both BTC and XAUT,” OrBit said, adding that investors could express “various sophisticated views” on bitcoin and the XAU token, including increases or decreases in returns for both, or if returns for one of the assets climbs but fall for the other. The "worst-of put option" allows investors to earn an enhanced yield if both assets appreciate. On the flip side, investors may be "put" into the worst performer should either asset fall, the liquidity provider said. In March, DeFi-focused asset management company MEV Capital used OrBit markets-issued options contracts to hedge liquidity providers’ positions and prevent losses in Uniswap (v3) liquidity pools. “OrBit aims to offer flexible solutions to our counterparties,” Pulkit Goyal, OrBit Markets VP of Trading adding that “OrBit plans to launch further hybrid products dedicated to institutional investors.”', 'Orbit Markets, an institutional liquidity provider of crypto options, is rolling out the first bitcoin and gold hybrid-focused derivative product with execution broker PI Digital. The initiative is among the latest developments among crypto industry firms to provide steady returns during periods of macroeconomic uncertainty. It aims to give investors exposure to gold and digital assets, two assets that hold their value. “This hybrid asset product is a perfect fit for investors that have experience in traditional assets such as gold and are now starting to dip their toes into digital assets,” OrBit Markets said in a press release. The derivative product, XAUT, is a gold-backed token issued by Tether. At maturity, the product will be settled in either USDT, XAUT or bitcoin as designated by OrBit, the Singapore-based company said. In its statement, OrBit noted that traditional financial service firms (TradFi) commonly offer hybrid products, including those combining stocks and commodity assets. The company said that investors “anticipating a sustained rally” in these two “safe haven” assets have risen amid growing concerns about the U.S. central bank’s hawkish monetary policy and resulting turmoil in the banking sector. “It\'s a dual option on both BTC and XAUT,” OrBit said, adding that investors could express “various sophisticated views” on bitcoin and the XAU token, including increases or decreases in returns for both, or if returns for one of the assets climbs but fall for the other. The "worst-of put option" allows investors to earn an enhanced yield if both assets appreciate. On the flip side, investors may be "put" into the worst performer should either asset fall, the liquidity provider said. In March, DeFi-focused asset management company MEV Capital used OrBit markets-issued options contracts to hedge liquidity providers’ positions and prevent losses in Uniswap (v3) liquidity pools. “OrBit aims to offer flexible solutions to our counterparties,” Pulkit Goyal, OrBit Markets VP of Trading adding that “OrBit plans to launch further hybrid products dedicated to institutional investors.”', 'Orbit Markets, an institutional liquidity provider of crypto options, is rolling out the first bitcoin and gold hybrid-focused derivative product with execution broker PI Digital. The initiative is among the latest developments among crypto industry firms to provide steady returns during periods of macroeconomic uncertainty. It aims to give investors exposure to gold and digital assets, two assets that hold their value. “This hybrid asset product is a perfect fit for investors that have experience in traditional assets such as gold and are now starting to dip their toes into digital assets,” OrBit Markets said in a press release. The derivative product, XAUT, is a gold-backed token issued by Tether. At maturity, the product will be settled in either USDT, XAUT or bitcoin as designated by OrBit, the Singapore-based company said. In its statement, OrBit noted that traditional financial service firms (TradFi) commonly offer hybrid products, including those combining stocks and commodity assets. The company said that investors “anticipating a sustained rally” in these two “safe haven” assets have risen amid growing concerns about the U.S. central bank’s hawkish monetary policy and resulting turmoil in the banking sector. “It\'s a dual option on both BTC and XAUT,” OrBit said, adding that investors could express “various sophisticated views” on bitcoin and the XAU token, including increases or decreases in returns for both, or if returns for one of the assets climbs but fall for the other. The "worst-of put option" allows investors to earn an enhanced yield if both assets appreciate. On the flip side, investors may be "put" into the worst performer should either asset fall, the liquidity provider said. In March, DeFi-focused asset management company MEV Capital used OrBit markets-issued options contracts to hedge liquidity providers’ positions and prevent losses in Uniswap (v3) liquidity pools. “OrBit aims to offer flexible solutions to our counterparties,” Pulkit Goyal, OrBit Markets VP of Trading adding that “OrBit plans to launch further hybrid products dedicated to institutional investors.”', "The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January. The leading digital asset was trading at around $27,350 at press time, down more than 5.5% in the past 24 hours.\nSeveral factors contributed to the bearish sentiment, including the rising popularity of the PEPE meme coin, which reached a market capitalization of over $1 billion before losing steam over the weekend and losing half its value. The meme-inspired token attracted investors looking for quick profits and fun, but also raised concerns about market froth and speculation.\nMeanwhile, Ether (ETH), the second-largest crypto by market value, also faced downward pressure, falling below $1,900 after holding above that level for most of the past week. ETH was trading at around $1,829 at press time, down 4.4% on a 24-hour basis.\nMost other major tokens also followed the downtrend on Monday, with XRP and Polygon's MATIC losing over 8% each.", "The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January. The leading digital asset was trading at around $27,350 at press time, down more than 5.5% in the past 24 hours.\nSeveral factors contributed to the bearish sentiment, including the rising popularity of the PEPE meme coin, which reached a market capitalization of over $1 billion before losing steam over the weekend and losing half its value. The meme-inspired token attracted investors looking for quick profits and fun, but also raised concerns about market froth and speculation.\nMeanwhile, Ether (ETH), the second-largest crypto by market value, also faced downward pressure, falling below $1,900 after holding above that level for most of the past week. ETH was trading at around $1,829 at press time, down 4.4% on a 24-hour basis.\nMost other major tokens also followed the downtrend on Monday, with XRP and Polygon's MATIC losing over 8% each.", "Bitcoin Falls 5%, Pepecoin 50% Ahead of CPI Report Bitcoin Falls 5%, Pepecoin 50% Ahead of CPI Report The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin (BTC) dropping below $27,500 for the first time since January. The leading digital asset was trading at around $27,350 at press time, down more than 5.5% in the past 24 hours. Several factors contributed to the bearish sentiment, including the rising popularity of the PEPE meme coin, which reached a market capitalization of over $1 billion before losing steam over the weekend and losing half its value. The meme-inspired token attracted investors looking for quick profits and fun, but also raised concerns about market froth and speculation. Meanwhile, Ether (ETH), the second-largest crypto by market value, also faced downward pressure, falling below $1,900 after holding above that level for most of the past week. ETH was trading at around $1,829 at press time, down 4.4% on a 24-hour basis. Most other major tokens also followed the downtrend on Monday, with XRP and Polygon's MATIC losing over 8% each.", 'BRC-20 tokens are a new type of cryptocurrency that can be created and traded on the Bitcoin blockchain. They are inspired by the ERC-20 standard on Ethereum, but they use a different protocol called Ordinals to inscribe data on satoshis, the smallest unit of Bitcoin. BRC-20 tokens are fungible, meaning they can be exchanged for other tokens of the same type.\nThe BRC-20 market has grown rapidly since its launch in March 2023 by an anonymous developer named Domo. The first and most popular BRC-20 token is ORDI, which started as a meme but now has a market cap of over $500 million. Other BRC-20 tokens include VMPX, MEME, BANKBRC, and PEPEBRC, which have been listed on Gate.io, the first exchange to support BRC-20 trading.\nGoing forward, Ordinals and BRC-20 tokens face some challenges, such as limited functionality compared to ERC-20 tokens and high network congestion and fees due to the increased demand for Bitcoin transactions. Additionally, many Bitcoin proponents do not like the idea of Ordinals increasing the cost of using bitcoin for its original purpose as digital cash.', 'Total Market Cap of BRC-20 Tokens Nears $1 Billion Total Market Cap of BRC-20 Tokens Nears $1 Billion BRC-20 tokens are a new type of cryptocurrency that can be created and traded on the Bitcoin blockchain. They are inspired by the ERC-20 standard on Ethereum, but they use a different protocol called Ordinals to inscribe data on satoshis, the smallest unit of Bitcoin. BRC-20 tokens are fungible, meaning they can be exchanged for other tokens of the same type. The BRC-20 market has grown rapidly since its launch in March 2023 by an anonymous developer named Domo. The first and most popular BRC-20 token is ORDI, which started as a meme but now has a market cap of over $500 million. Other BRC-20 tokens include VMPX, MEME, BANKBRC, and PEPEBRC, which have been listed on Gate.io, the first exchange to support BRC-20 trading. Going forward, Ordinals and BRC-20 tokens face some challenges, such as limited functionality compared to ERC-20 tokens and high network congestion and fees due to the increased demand for Bitcoin transactions. Additionally, many Bitcoin proponents do not like the idea of Ordinals increasing the cost of using bitcoin for its original purpose as digital cash.', 'Binance, one of the largest cryptocurrency exchanges in the world, temporarily halted Bitcoin withdrawals twice in 24 hours over the weekend. The exchange cited "network congestion" as the reason for the suspension, which lasted for about an hour on Sunday. The move came after Binance faced a similar issue on Saturday, when it paused Bitcoin withdrawals for about 20 minutes due to a "minor technical issue". The exchange assured its users that their funds were safe and that it was working to resolve the problem as soon as possible.\nBitcoin withdrawals are a crucial function for cryptocurrency exchanges, as they allow users to move their coins from the platform to their own wallets or other services. Any disruption or delay in this process can cause frustration and suspicion among customers, especially in a volatile market.\nIn an effort to solve the issues associated with higher congestion on the Bitcoin network, Binance said they have increased the fees on withdrawals and are working to integrate the Lightning Network, a layer-two payments protocol for Bitcoin.', 'Binance, one of the largest cryptocurrency exchanges in the world, temporarily halted Bitcoin withdrawals twice in 24 hours over the weekend. The exchange cited "network congestion" as the reason for the suspension, which lasted for about an hour on Sunday. The move came after Binance faced a similar issue on Saturday, when it paused Bitcoin withdrawals for about 20 minutes due to a "minor technical issue". The exchange assured its users that their funds were safe and that it was working to resolve the problem as soon as possible.\nBitcoin withdrawals are a crucial function for cryptocurrency exchanges, as they allow users to move their coins from the platform to their own wallets or other services. Any disruption or delay in this process can cause frustration and suspicion among customers, especially in a volatile market.\nIn an effort to solve the issues associated with higher congestion on the Bitcoin network, Binance said they have increased the fees on withdrawals and are working to integrate the Lightning Network, a layer-two payments protocol for Bitcoin.', 'Binance Resumes Bitcoin Withdrawals, Looks at Lightning Network Integration Binance Resumes Bitcoin Withdrawals, Looks at Lightning Network Integration Binance, one of the largest cryptocurrency exchanges in the world, temporarily halted Bitcoin withdrawals twice in 24 hours over the weekend. The exchange cited "network congestion" as the reason for the suspension, which lasted for about an hour on Sunday. The move came after Binance faced a similar issue on Saturday, when it paused Bitcoin withdrawals for about 20 minutes due to a "minor technical issue". The exchange assured its users that their funds were safe and that it was working to resolve the problem as soon as possible. Bitcoin withdrawals are a crucial function for cryptocurrency exchanges, as they allow users to move their coins from the platform to their own wallets or other services. Any disruption or delay in this process can cause frustration and suspicion among customers, especially in a volatile market. In an effort to solve the issues associated with higher congestion on the Bitcoin network, Binance said they have increased the fees on withdrawals and are working to integrate the Lightning Network, a layer-two payments protocol for Bitcoin.', "(Bloomberg) -- Hong Kong indicated that crypto companies drawn by the city’s push to create a digital-asset hub should expect an exacting regulatory regime.\nMost Read from Bloomberg\n• Twitter in Talks With NBC Ad Chief to Take Over as CEO From Musk\n• Florida’s Money Man Threatens to Cut Ties With Bank of America, Wells Fargo\n• Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire\n• Jamie Dimon Says US Needs to 'Finish' the Bank Crisis\n• Airlines’ First Class Makeovers Give the Rich Hotel Rooms in the Sky\n“Our regulation will be tight,” Hong Kong Monetary Authority Chief Executive Eddie Yue said in an interview at the Bloomberg Wealth Asia Summit on Tuesday. “We will let them create the ecosystem here and that actually brings a lot of excitement. But that doesn’t mean light-touch regulation.”\nHong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. The pivot toward fostering the digital-asset sector is part of a wider effort to restore the city’s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain.\nFurther guidance for banks on servicing crypto clients is in the works, and the Securities and Futures Commission will soon announce the results of its deliberations on the scope of retail-investor participation, Yue said.\nRegulators globally are grappling with how to handle the crypto industry following last year’s market crash and a series of blowups headlined by the spectacular bankruptcy of the FTX exchange.\nIn the US, officials have cracked down on digital-asset businesses with enforcement actions and lawsuits that are pushing companies abroad.\nHong Kong’s crypto guardrails were very tight in the last few years, Yue said. They have now been lowered to a “reasonable and sustainable level” but they won’t allow the recurrence of any FTX-type event in the city, he added.\nAside from permits for virtual-asset platforms, a mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nThe legislative framework encoding crypto rules will bring transparency and clarity, Yue said, in response to a question about lingering concerns that officials could yet sour on their crypto pivot.\n--With assistance from Kiuyan Wong.\nMost Read from Bloomberg Businessweek\n• The Plot to Steal the Other Secret Inside a Can of Coca-Cola\n• AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma\n• Venezuela Brain Drain Enriches Panama and Other Neighbors\n• US Airlines Are Sitting Out China’s Reopening\n• ‘Nearshoring’ Push Is Fueling Tech Job Demand in Latin America\n©2023 Bloomberg L.P.", "(Bloomberg) -- Hong Kong indicated that crypto companies drawn by the city\x92s push to create a digital-asset hub should expect an exacting regulatory regime. Most Read from Bloomberg Twitter in Talks With NBC Ad Chief to Take Over as CEO From Musk Florida\x92s Money Man Threatens to Cut Ties With Bank of America, Wells Fargo Ken Griffin\x92s Hand-Picked Math Prodigy Runs Market-Making Empire Jamie Dimon Says US Needs to 'Finish' the Bank Crisis Airlines\x92 First Class Makeovers Give the Rich Hotel Rooms in the Sky \x93Our regulation will be tight,\x94 Hong Kong Monetary Authority Chief Executive Eddie Yue said in an interview at the Bloomberg Wealth Asia Summit on Tuesday. \x93We will let them create the ecosystem here and that actually brings a lot of excitement. But that doesn\x92t mean light-touch regulation.\x94 Hong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. The pivot toward fostering the digital-asset sector is part of a wider effort to restore the city\x92s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain. Further guidance for banks on servicing crypto clients is in the works, and the Securities and Futures Commission will soon announce the results of its deliberations on the scope of retail-investor participation, Yue said. Regulators globally are grappling with how to handle the crypto industry following last year\x92s market crash and a series of blowups headlined by the spectacular bankruptcy of the FTX exchange. In the US, officials have cracked down on digital-asset businesses with enforcement actions and lawsuits that are pushing companies abroad. Hong Kong\x92s crypto guardrails were very tight in the last few years, Yue said. They have now been lowered to a \x93reasonable and sustainable level\x94 but they won\x92t allow the recurrence of any FTX-type event in the city, he added. Story continues Aside from permits for virtual-asset platforms, a mandatory licensing regime for stablecoins \x97 a type of crypto token that\x92s meant to hold a constant value \x97 is due by 2023-2024. The legislative framework encoding crypto rules will bring transparency and clarity, Yue said, in response to a question about lingering concerns that officials could yet sour on their crypto pivot. --With assistance from Kiuyan Wong. Most Read from Bloomberg Businessweek The Plot to Steal the Other Secret Inside a Can of Coca-Cola AI Drug Discovery Is a $50 Billion Opportunity for Big Pharma Venezuela Brain Drain Enriches Panama and Other Neighbors US Airlines Are Sitting Out China\x92s Reopening \x91Nearshoring\x92 Push Is Fueling Tech Job Demand in Latin America ©2023 Bloomberg L.P.", '• US stocks were mixed on Monday as investors prepare for the April CPI report and debt ceiling showdown in Congress.\n• The inflation report will help guide the Fed as to whether it hikes interest rates in June.\n• Senate Republican Leader Mitch McConnell said he doesn\'t have a "secret plan" to prevent a US debt default.\nUS stocks traded mixed on Monday as investors prepare for the April CPI report due out on Wednesday, and nervously watch the debt ceiling showdown in Congress.\nThe consumer price index report for April will help guide the Federal Reserve in its interest rate decision at the next FOMC meeting in mid-June. The Fedhiked rates last week for the 10th consecutive time,increasing the fed funds rate by 25 basis points to just over 5%.\nMeanwhile, a debt ceiling deadline is expected to be reached as early as June 1, according to Treasury Secretary Janet Yellen, and right now there seems to be little progress in Congress on a potential deal. Senate Republican leader Mitch McConnell said on Monday that he does not have a "secret plan" to broker a deal between President Joe Biden and Republicans.\n"They\'re assuming there\'s some little secret plan here. The White House and the speaker\'s teams need to sit down now and settle it," McConnell said, adding that he would back House leader Kevin McCarthy\'s debt ceiling deal.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Monday:\n• S&P 500:4,138.12, up 0.05%\n• Dow Jones Industrial Average:33,618.55, down 0.17% (55.83 points)\n• Nasdaq Composite:12,256.92, up 0.18%\nHere\'s what else happened today:\n• Berkshire Hathaway\'s annual shareholder meeting took place over the weekend, and investors paid close attention to whatWarren Buffett and Charlie Munger had to say.\n• Berkshire Hathaway revealed thatit sold about $6 billion worth of Chevron stockin the first quarter of the year, which represented about 20% of its stake in the oil giant.\n• Buffettisn\'t worried about the growing concern of "de-dollarization"but said that the US government could suffer a painful fallout if it continues its pace of spending.\n• Fundstrat\'s Tom Leerecommended investors tactically buy regional bank stocksas sentiment has reached "near absurd" levels.\n• JPMorgan\'s Marko Kolanovic saidinvestors hoping for the Fed to cut interest rates are in for a rude awakening,as the only reason they\'d cut rates this year is because of a financial crisis or recession.\n• Tyson Foods plunged 16% to three-year lowson Monday after declining beef sales caused the company to cut its earnings outlook.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 2.13% to $72.86 per barrel.Brent crude, oil\'s international benchmark, jumped 1.86% to $76.70.\n• Goldrose 0.23% to $2,029.40 per ounce.\n• The yield on the 10-year Treasury jumped eight basis points to 3.52%.\n• Bitcoin dropped 3.58% to $27,551, while ether fell 1.98% to $1,842.\nRead the original article onBusiness Insider', 'Reuters US stocks were mixed on Monday as investors prepare for the April CPI report and debt ceiling showdown in Congress. The inflation report will help guide the Fed as to whether it hikes interest rates in June. Senate Republican Leader Mitch McConnell said he doesn\'t have a "secret plan" to prevent a US debt default. US stocks traded mixed on Monday as investors prepare for the April CPI report due out on Wednesday, and nervously watch the debt ceiling showdown in Congress. The consumer price index report for April will help guide the Federal Reserve in its interest rate decision at the next FOMC meeting in mid-June. The Fed hiked rates last week for the 10th consecutive time, increasing the fed funds rate by 25 basis points to just over 5%. Meanwhile, a debt ceiling deadline is expected to be reached as early as June 1, according to Treasury Secretary Janet Yellen, and right now there seems to be little progress in Congress on a potential deal. Senate Republican leader Mitch McConnell said on Monday that he does not have a "secret plan" to broker a deal between President Joe Biden and Republicans. "They\'re assuming there\'s some little secret plan here. The White House and the speaker\'s teams need to sit down now and settle it," McConnell said, adding that he would back House leader Kevin McCarthy\'s debt ceiling deal. Here\'s where US indexes stood at the 4:00 p.m. ET close on Monday: Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $536,344,540,550 - Hash Rate: 360341576.2208098 - Transaction Count: 598256.0 - Unique Addresses: 586519.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: 25 April 2023 \| SAINT HELIER, Jersey- As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022. The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company. The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level): [{"Date": "18 April 2023", "Number of shares acquired": "3,170", "Lowest price paid (SEK)": "35.15", "Highest price paid (SEK)": "36.45", "Volume weighted average (SEK)": "35.72"}, {"Date": "19 April 2023", "Number of shares acquired": "3,170", "Lowest price paid (SEK)": "36.70", "Highest price paid (SEK)": "38.05", "Volume weighted average (SEK)": "37.37"}, {"Date": "20 April 2023", "Number of shares acquired": "2,945", "Lowest price paid (SEK)": "35.20", "Highest price paid (SEK)": "37.15", "Volume weighted average (SEK)": "36.08"}, {"Date": "21 April 2023", "Number of shares acquired": "2,570", "Lowest price paid (SEK)": "32.85", "Highest price paid (SEK)": "34.20", "Volume weighted average (SEK)": "33.46"}, {"Date": "24 April 2023", "Number of shares acquired": "2,530", "Lowest price paid (SEK)": "31.25", "Highest price paid (SEK)": "31.65", "Volume weighted average (SEK)": "31.46"}, {"Date": "", "Number of shares acquired": "14,385", "Lowest price paid (SEK)": "", "Highest price paid (SEK)": "", "Volume weighted average (SEK)": ""}] All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 25 April 2023 amounts to 546,256 shares. The total number of shares in CoinShares amounts to 68,135,425. For a full break-down of repurchases made, please refer to the attached announcement. About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. For more information on CoinShares, please visit:https://coinshares.comCompany \| +44 (0)1534 513 100 \|[email protected] Relations \| +44 (0)1534 513 100 \|[email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 25 April 2023. Attachment • 20230425 - Appendix to press release - share buy-back... - Reddit Posts (Sample): [['u/Kooky-Treacle7920', 'My bitcoin I’ve been trying to receive on Coinbase has been stuck pending on block chain for OVER 2 DAYS. What can I do', 41, '2023-05-09 04:46', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/', 'I tried sending bitcoin from a gambling site to Coinbase. Coinbase confirmed they have it and it’s on the block chain unconfirmed. Am I ever going to get my money do I need to do anything or just keep waiting? Usually it’s never been like this. Thanks so much for the help I am very bad when it comes to understanding this as I’m new so please don’t roast me. Also why have fees gone up so much, it’s like 6$ to send 15$??? And it’s saying 30$ fee for what? Tf? I’m about to be done with crypto it’s not worth anymore with how expensive fees now are', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/', '13cd5cu', [['u/noob_zarathustra', 13, '2023-05-09 04:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjf85e4/', "You can't do much. Just have to wait for the transaction fees to reduce so that your transaction gets picked up for confirmation. I've got a transaction stuck in the mempool too for about 2 days now.\n\nYou'll get it for sure though.", '13cd5cu'], ['u/PenaltyFickle5699', 38, '2023-05-09 05:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfawmt/', 'Right now the network is a mess. Just gotta wait man.', '13cd5cu'], ['u/dubweb32', 18, '2023-05-09 05:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfc7l8/', 'I’ve been sitting on the sidelines eating my popcorn 🍿', '13cd5cu'], ['u/DukeThom', 12, '2023-05-09 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfct55/', 'I’m the guy sitting behind you shaking a box of candy obnoxiously loud every 10 seconds', '13cd5cu'], ['u/DukeThom', 12, '2023-05-09 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfcuib/', 'Eth gas fees are completely separate from BTC network fees', '13cd5cu'], ['u/crypt0_sports', 10, '2023-05-09 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfd5ws/', 'BTC network is going through some things atm', '13cd5cu'], ['u/Florian995', 16, '2023-05-09 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfk4m7/', 'The Bitcoin networks is clogged because of Ordinals and BRC-20 tokens. Just wait', '13cd5cu'], ['u/Dazzling_Marzipan474', 15, '2023-05-09 07:25', 'https://www.reddit.com/r/CryptoCurrency/comments/13cd5cu/my_bitcoin_ive_been_trying_to_receive_on_coinbase/jjfozjx/', "DON'T EVER SEND DIRECTLY TO AN EXCHANGE FROM A GAMBLING SITE! ESPECIALLY COINBASE!\n\nAlways send to your wallet then to exchange and vice versa when you buy in, send from wallet to gambling site. \n\nExchanges can and will close your account if they find out.", '13cd5cu']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 09, 2023', 24, '2023-05-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/', '13cera9', [['u/bundabrg', 16, '2023-05-09 06:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjfkn8i/', "I'd prefer it go into its own layer rather than the base chain but if people are willing to pay for the space then who am I to judge.\n\nIt's like putting up a public whiteboard with a list of rules you have to follow to write on it and then preventing certain people from writing on it who are following the rules.\n\nEven that car with blackboard paint allows people to draw anything on it. And yes it's mostly covered with dicks.\n\nEdit: I'll add that if it makes financial sense it will end up going to a different layer and will drive development there. If there was no restriction then everyone would just take the lazy approach and end up bloating the chain. You need the incentive.", '13cera9'], ['u/xtal_00', 19, '2023-05-09 08:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjfsae1/', "It's a free market. It'll get sorted.\n\nI'm pleased my mining revenue is up again.", '13cera9'], ['u/52576078', 12, '2023-05-09 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjg4sf3/', "Yep, it's adoption. We wanted adoption. Plus it demonstrates how miners can earn from fees, not just mining.", '13cera9'], ['u/Essexal', 14, '2023-05-09 11:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjg5no6/', 'Don’t make me deploy more capital.', '13cera9'], ['u/dependentlyarised', 12, '2023-05-09 13:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjgi5wu/', "So the trick is liquidating during an ATH? I would've never thought about it!", '13cera9'], ['u/bufonia1', 11, '2023-05-09 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjglkjy/', 'wow, how do u time the ath?', '13cera9'], ['u/Gravy_Vampire', 10, '2023-05-09 14:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjgoedd/', 'Something to do with all these cardinals people keep talking about', '13cera9'], ['u/delgrey', 20, '2023-05-09 16:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjh0bo9/', 'Cramer: "Commercial Real Estate isn\'t going to destabilize the system"', '13cera9'], ['u/BitSecret', 13, '2023-05-09 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjh45oi/', 'Welp, I was wrong. No $30k in our rearview window. At least the weather is nice.', '13cera9'], ['u/diydude2', 14, '2023-05-09 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjh47k0/', 'Translation: A quadrillion dollars worth of derivatives dross is sloshing around in the bilge.', '13cera9'], ['u/RetardIdiotTrader', 10, '2023-05-09 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjhu21f/', 'Bitcoin is dead^(again)', '13cera9'], ['u/52576078', 12, '2023-05-09 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jji10z1/', 'Good article by Dylan LeClair on the upcoming halving. I think many many more people are going to be aware of the halving this time round. https://bitcoinmagazine.com/markets/holder-dynamics-one-year-until-the-bitcoin-halving', '13cera9'], ['u/BootyPoppinPanda', 11, '2023-05-09 20:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jji2kmh/', 'Bcash was the obvious pump given the mempool hysteria rn. This market is so thirsty for drama. Anyone gonna short it for when it inevitably fizzles out?', '13cera9'], ['u/ReflectionFamiliar68', 13, '2023-05-09 21:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjiedjp/', "Ouch, immediately after the fork you could have sold for anywhere from 0.1 to 0.4. Currently 0.004.\n\nI dumped mine instantly at about 0.11. Was pissed that it went much higher but I'm glad I dumped it now. I just knew long term it is worthless.", '13cera9'], ['u/ReflectionFamiliar68', 10, '2023-05-09 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13cera9/daily_discussion_tuesday_may_09_2023/jjiirv6/', 'Truth. I got totally burned in 2021 waiting for the blowoff top that SBF made impossible. I knew something was wrong but kept holding out of greed.', '13cera9']]], ['u/slade991', 'Cryptocurrencies from a Business Perspective', 34, '2023-05-09 07:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13cg8nl/cryptocurrencies_from_a_business_perspective/', 'Hello r/cc,\n\n\n\nI wanted to write this post for a long time to give a business perspective on the cryptocurrency ecosystem. I hope this post might help show a critical view of the space, highlighting the positive and negative aspects, and maybe help new projects to address the issues we encountered.\n\n\n\nI run two different B2C businesses, one traditional and one all about crypto. Our exposure to crypto is only as a payment method, and we are not a web3 company. I will attempt to give the pros and cons of each one and see how accepting traditional means of payment compares to cryptocurrencies.\n\n\n\nThese days, to process credit card payments or any other means of traditional payment, you are required to use a third-party provider. The biggest one is Stripe. These third-party providers provide ease of integration and, in general, do most of the heavy lifting for you to get a painless experience in implementing their payment solution.\n\n\n\nIf you want to accept cryptocurrencies, the whole process is not so easy. You can either implement it yourself, which is a daunting task (especially depending on how many different coins you want to accept), or use a third-party solution, with the existing actors being "not ideal" to put it mildly.\n\n\n\nWe used three different providers, which all came with different problems: outrageous fees for coinpayments (e.g., $8 to withdraw bitcoin), the impossibility to accept certain cryptos under a certain amount for some of the providers (e.g., $100 for eth), scam artists, unreliable service, poor offering of coins accepted (binance, coinbase). We also had an issue with Plisio, where they literally blocked withdrawals for a few days with zero explanations.\n\n\n\nThe only sensible way to accept cryptocurrency payments is to either do the work yourself with all the limitations that each blockchain has or use a self-hosted solution. There are some mind-blowing limitations to work through with some blockchains, making the whole process extremely convoluted. For example, it\'s impossible to effectively trace which order translates to which transaction on some blockchains (ETH, I\'m looking at you) without relying on smart contracts or unique amounts, which are either crazy expensive or just work until they don\'t (unique amounts don\'t work if transactions are sent from a centralized exchange, as they tend not to respect the exact amount sent; you also get issues if the customer sends the wrong amount).\n\n\n\nWe ended up using a self-hosted solution (shoutout to bitcartcc), which had to deal with all of those problems and find "hacks" to work around them. If we want to have better adoption going on, there NEEDS to be an easier way to accept payment with cryptocurrencies, without spending half your profit on fees with a third-party provider and hoping your business will not end because this provider will disappear the next day.\n\n\n\nAs a business accepting crypto, you have to juggle a number of issues if you want it to be reliable.\n\n\n\n1. You should find a third-party provider that is:\n\n* reputable enough\n* has low fees\n* accepts enough coins\n\nBut you can usually only get one of those criteria, maybe two if you\'re lucky.\n\n\n\n2. You should keep your company income in a cold wallet. However, due to third-party provider fees, you cannot realistically transfer funds to a cold wallet often enough (see 1).\n\n\n\n3. You could then try to self-host or develop your means of accepting crypto. If you\'re not tech-savvy, go back to 1.\n\n\n\n4. One swing in the Bitcoin price (let\'s face it, most of the transactions are done in Bitcoin) can just negate your profit margin, just like that. This means you need to convert to the stablecoin of your choice as often as possible, which might not be possible with a third-party provider. See point 1 again.\n\n\n\n5. Stablecoins are the opposite of stable. You have a choice between USDC, which depegged not long ago, Tether, which is a ticking time bomb, BUSD, which is centralized and has its own issues (see Paxos). And I\'m not even going to talk about Luna, etc...\n\n\n\n6. Unfortunately, most businesses do not accept cryptocurrencies, so you need to somehow have an off-ramp to fiat, which is reliable, doesn\'t block your withdrawals randomly, and doesn\'t have outrageous fees as well. You\'re pretty much forced to use a centralized exchange such as Binance, Kraken, and such. With the history of centralized exchanges bankrupting left and right, this is also a cause for concern.\n\n\n\n7. The new ordinals on BTC (thank you, jpeg holders) have ramped up fees like crazy, which makes it quite hard to swap for stablecoin often enough. Seeing your company\'s financials reflecting the bitcoin price movement is NOT great.\n\n\n\nAll in all, here you have most of the reasons why companies do not accept cryptocurrencies and how if it stays that way, adoption will never happen because everyone is too busy being greedy, scammy, or just using crypto as a lottery while shouting "AdOpTiOn WhEn?". As long as businesses will not be able to adopt cryptocurrencies reliably, easily, and with acceptable fees, adoption will NEVER happen, and crypto will stay a casino.\n\n\n\nEverything is not grim; however, there are a lot of good things happening. Some people try to solve some of those problems, but they are outnumbered by the masses who just want to get a shot at getting rich quickly.\n\n\n\nI started this post by talking about traditional payment providers, and I believe that accepting crypto with a self-hosted solution is so much better in so many ways (just go to r/stripe to see how many people get their accounts closed after one dispute because someone tried a stolen credit card on their businesses). The traditional business I run is certainly not stress-free, as you can never know if or when you might be the target of such things, and then it\'s game over.\n\n\n\nDecentralized money has the means to be able to sleep better at night, knowing that your business is not dependent on some giant corporation that will decide if it gets to live another day or not. You have self-custody of your assets and are the only one responsible for your own bankruptcy. This is great risk mitigation and an amazing promise for business owners.\n\n\n\nHowever, as of now, it is not worth the trouble, and you have to be incredibly committed to make that work, and in the end, you will have less profit than just accepting fiat due to all the swapping fees necessary for it to work reliably.\n\n\n\nSo as a conclusion, I would like to see more work done to ease the onboarding of businesses in the space and less meme coin and jpg holding. For a coin to have adoption, it needs to be exchanged, and for that to happen, you need to have as many places to spend it as possible.\n\n\n\nIf you work in web3 and you read this post, I hope that this might give you some ideas, new projects to make this space what it is supposed to be and not just a free-for-all scam-filled environment.\n\n\n\nThank you for coming to my Ted Talk :)\n\nEdit: \u200b\n\nSome numbers about the most used cryptos we get: \u200b\n\nBTC - 43.60%\n\nXMR - 35.20%\n\nLTC - 6.70%\n\nTRX - 5%\n\nETH - 4.50%\n\nUSDT - 3.40%\n\nBNB - 1.70%\n\nBCH - 1.10% \n\nBUSD - 0.6%', 'https://www.reddit.com/r/CryptoCurrency/comments/13cg8nl/cryptocurrencies_from_a_business_perspective/', '13cg8nl', [['u/Setyman', 12, '2023-05-09 07:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13cg8nl/cryptocurrencies_from_a_business_perspective/jjfon7e/', 'Excellent write up.\n\n>However, as of now, it is not worth the trouble, and you have to be incredibly committed to make that work, and in the end, you will have less profit than just accepting fiat due to all the swapping fees necessary for it to work reliably.\n\nThis sums up things nicely. I look forward to the day crypto overcomes those hurdles. Only then it can truly thrive in our society.', '13cg8nl']]], ['u/itamarperez', "The Shifting Narratives on Bitcoin's Transaction Fees", 25, '2023-05-09 07:56', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/', "For the past year and a half, we've heard that Bitcoin's transaction fees are too low for the network's survival. Then, over the weekend, the narrative shifted to the fees being too high. So, what's the truth? And who has the authority to officially determine this?", 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/', '13ch1pk', [['u/dima054', 45, '2023-05-09 08:16', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjft67m/', 'Whatever FUD gets them clicks.', '13ch1pk'], ['u/Walmart_Warrior_420', 19, '2023-05-09 09:05', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjfwtnk/', '"Heads I win, Tails you lose" - Media ( ͡° ͜ʖ ͡°)', '13ch1pk'], ['u/Ima_Wreckyou', 15, '2023-05-09 09:13', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjfxg9x/', "It's probably completely different people that complain now. Like the people who did not prepare, and don't care how Bitcoin works or don't know what a security budget is.\n\nNo one except the market has the authority to determine what the fees should be.", '13ch1pk'], ['u/KAX1107', 14, '2023-05-09 09:24', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjfy7wu/', '>And who has the authority to officially determine this?\n\nYou, by bidding for blockspace', '13ch1pk'], ['u/KAX1107', 13, '2023-05-09 10:57', 'https://www.reddit.com/r/Bitcoin/comments/13ch1pk/the_shifting_narratives_on_bitcoins_transaction/jjg4fu4/', '>Do you just need to get a Lightning-supported wallet and then send your BTC there?\n\nYes. Most Lightning wallets also support on-chain. Try [Breez](https://breez.technology/), [Phoenix](https://phoenix.acinq.co/), [Alby](https://getalby.com/lightning-address) (browser). "Super wallets" like [10101](https://10101.finance/) and [Mutiny](https://mutinywallet.com/) will let you hold both sats and [stablesats](https://stablesats.com/) and you can trade or swap between your bitcoin and fiat balance whenever you want almost for free.\n\n[Getting started with Lightning](https://darthcoin.substack.com/p/getting-started-ln)\n\n[Lightning resources](https://www.lopp.net/lightning-information.html)\n\n[Altcoins to Lightning bridge](https://www.lightningbridge.com/)\n\n>Trust Wallet\n\nThis wallet is owned by Binance and not truly open source. It\'s a lot more profitable for Binance to direct users to gamble on shitcoins than giving them a high quality bitcoin wallet. I don\'t recommend using multicoin wallets for bitcoin. There are significant security risks that come with it.', '13ch1pk']]], ['u/blaze1234', 'A Modest Proposal: do NOT use the CashApp VISA card anymore!', 11, '2023-05-09 08:03', 'https://www.reddit.com/r/CashApp/comments/13ch6jo/a_modest_proposal_do_not_use_the_cashapp_visa/', 'At the bottom of this post, is my usual "play it safe" blurb\n\nI think the time has come, to specifically add:\n\nstop using the card for purchases, even small ones.\n\nCashApp\'s massive screwups, refusal to reimburse even obvious fraud charges, etc etc\n\nYes to get full functionality from the app, as part of identity verification, order the card and activate it. But do not use it, do not give the card details to anyone.\n\nThen report it lost, and either refrain from ordering a replacement, or sock-drawer the new one on arrival without ever activating it.\n\nKeep the account locked except when using it.\n\nOther security tips to follow in the comments.\n\n...\n\n Do not use Cash App, except for trivial purposes and amounts you don\'t mind losing.\n\nNever count on it for anything urgent or important\n\nThe company is not dependable, very unreliable, \n\ndelays are normal, \n\ncustomer service barely exists,\n\ncustomers get surprised by undisclosed moving-target policies \n\nand lose their money, in the millions every day\n\nall the while everything working perfectly, exactly as designed as far as Jack is concerned.\n\nSo only use CA for small amounts, personal transfers, with trusted friends you know in real life, nothing important or urgent, and not with people met only on the internet.\n\nCertainly not suitable for conducting business, \n\nnor serious stock investing\n\nnor BTC trading, buy and hold in CA maybe but. . .\n\n\nIt is not suitable as a bank replacement for anyone but especially those with no cushion living week to week!', 'https://www.reddit.com/r/CashApp/comments/13ch6jo/a_modest_proposal_do_not_use_the_cashapp_visa/', '13ch6jo', '[]'], ['u/rBitcoinMod', 'Daily Discussion, May 09, 2023', 31, '2023-05-09 08:10', 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13bh6mp/mentor_monday_may_08_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/', '13chajw', [['u/Crypt0fart', 14, '2023-05-09 11:58', 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/jjg8j28/', 'GET YOUR COINS OFF THE EXCHANGES ✌️', '13chajw'], ['u/HurricaneHarvey7', 12, '2023-05-09 19:41', 'https://www.reddit.com/r/Bitcoin/comments/13chajw/daily_discussion_may_09_2023/jjhvs2c/', 'The amount of BS that Bitcoiners have to endure is unbelievable.\n\nLiterally every month there is some new FUD, or government ban, hack, or exchange going under. Now this.', '13chajw']]], ['u/Bloedkolben', 'Best practice on automatic DCA? (Which Broker?)', 21, '2023-05-09 09:23', 'https://www.reddit.com/r/Bitcoin/comments/13cikii/best_practice_on_automatic_dca_which_broker/', 'Hi,\n\nafter a few years of hodling I want to start DCAing again. I did not do any trades/buys for several years so I am not up to date when it comes to market places.\n\nHow do you automate your DCA buys? Is there a guide?\n\nWhat I want to achieve: \n* I set up a monthly deposit to a crypto broker\n* one day after BTC is baught automatically\n* after that the coins are transferred to my cold storage automatically.\n\n\nI am already verified on multiple sites and know how to do all that manually but now I want to automate it. \n\nBR', 'https://www.reddit.com/r/Bitcoin/comments/13cikii/best_practice_on_automatic_dca_which_broker/', '13cikii', [['u/KAX1107', 13, '2023-05-09 11:13', 'https://www.reddit.com/r/Bitcoin/comments/13cikii/best_practice_on_automatic_dca_which_broker/jjg5hxd/', '[Swan Bitcoin](https://www.swanbitcoin.com/) \\- Free withdrawals (they bear the fees for you to send to cold storage)\n\n[21bitcoin](https://21bitcoin.app/) (Europe) - Flat withdrawal fee of 1000 sats because they batch transactions', '13cikii']]], ['u/ElonTrillionaire2030', 'Where to buy first Bitcoin?', 23, '2023-05-09 12:39', 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/', "My ledger wallet just got delivered and I'd like to buy my first Satoshis. \nI want to own Bitcoin as a store of value that nobody can touch, confiscate or tell me how to spend.\n\nWhat is the best way to buy anonymously and without excessive fees/spreads?", 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/', '13clwx1', [['u/KAX1107', 17, '2023-05-09 13:52', 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/jjgij6m/', '>What is the best way to buy anonymously\n\n[Bisq](https://bisq.network/) and [RoboSats](https://learn.robosats.com/) (no KYC). RoboSats is Lightning P2P (Tor only). Bisq is on-chain, it\'s the only true decentralized exchange in the world and [will soon also have Lightning](https://twitter.com/bisq_network/status/1654444075112865795). [Peach](https://peachbitcoin.com/) has "light" KYC. [HodlHodl](https://hodlhodl.com/) is another option worth looking into.', '13clwx1'], ['u/Jon_Hodl', 13, '2023-05-09 14:16', 'https://www.reddit.com/r/Bitcoin/comments/13clwx1/where_to_buy_first_bitcoin/jjgkzws/', 'Your best options in Europe are Relai: https://Relai.app and Pocket: https://PocketBitcoin.com\n\nBoth are based in Switzerland 🇨🇭 \n\nAlternatively, you can use Peach for a more P2P market and then RoboSats and Bisq are excellent options but can be cumbersome for a first time purchase.', '13clwx1']]], ['u/FuzzyAmount2', 'Handyman having first born', 870, '2023-05-09 13:49', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/', "So I'm an old person (they tell me). Had the guy helping me out since he was 20. First landscaping. Then he started working construction with his dad. For the last 5 years or so, he's been our go-to handman. Having his first born in August.\n\nWhat is a good gift for him? 40 years ago I would've thought 'savings bond' for the kid. But today I was thinking like $250 in bitcoin or something like that. Looking for something that will be tangible for them, not something to put up on a shelf and not something they'll just spend on diapers and forget about. (we'll give him extra tips for the diapers :)\n\nSuggestion? (maybe wrong sub lol please tell me where i should post)", 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/', '13cne33', [['u/cptrgy1', 199, '2023-05-09 14:13', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgknlc/', 'Give him 2 weeks off with pay to spend with his newborn and wife. Time he will never get back and never forget.', '13cne33'], ['u/SandiegoJack', 31, '2023-05-09 14:15', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgkw52/', 'Ask him for a link to his registry and buy something from that?\n\nWe have an entire second house worth of duplicates because people didn’t buy off the Nursery and didn’t tell us so we couldn’t remove it from the actual registry.\n\nSorry, a bit salty because we could use the money and instead MIl decided to keep all the duplicates at their house to create a second nursery(I wouldn’t be surprised if this was her plan in the first place).', '13cne33'], ['u/jakopson10', 20, '2023-05-09 14:18', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglauu/', 'Gold. Buy a gold bar.', '13cne33'], ['u/kayemdubs', 272, '2023-05-09 14:23', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglue0/', 'Bonds were actually doing a really good interest rate a while ago. Might still be a good thing to look into. People definitely still do that.', '13cne33'], ['u/itsme_enzo_thebaker', 184, '2023-05-09 14:24', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglx9w/', "You're a good person. I like good people", '13cne33'], ['u/aiko3aiko3', 858, '2023-05-09 14:24', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjglykk/', 'Do not get a Buy Buy Baby gift card', '13cne33'], ['u/jayrady', 130, '2023-05-09 14:28', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgmcux/', "I'm honestly surprised BBBeyond and BBBaby lasted this long.", '13cne33'], ['u/denny-1989', 89, '2023-05-09 14:33', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgmxg1/', 'Any combination of time off, money, diapers, food delivery gift cards or pre-made meals they can just put in the oven.', '13cne33'], ['u/LordofTheFlagon', 41, '2023-05-09 14:43', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgo71c/', "Was i the only one who's first thought when they saw that name for the first time that it was an abortion clinic?", '13cne33'], ['u/monad68', 1151, '2023-05-09 14:45', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgodfs/', 'I would highly recommend a US treasury bond over Bitcoin.', '13cne33'], ['u/uw-70_uo-21', 23, '2023-05-09 14:54', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgpj0o/', "if you want to give him something investment-worthy for the kid, maybe look into a 529 plan? It's a deferred savings account that can be used to pay for post-secondary schooling (including trade school). I'm pretty sure there's different investment options you can pick as well. Not sure about the legalities of setting it up for a non-family member but your investment person should know more about that. \n\nBut, I think a few weeks off like u/cptrgy1 suggested, and a lot of grace in the next few months will go a long way. Just if he's missing days or late there's probably a good reason for it. The first year is hard. That will go a long way.", '13cne33'], ['u/LordofTheFlagon', 13, '2023-05-09 15:08', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgr9do/', "To be fair my first experience was when i was like 12 and I'm still crap at English", '13cne33'], ['u/slykido999', 150, '2023-05-09 15:09', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgrcg5/', 'The handyman isn’t employed by OP, so he wouldn’t be able to give him time off (unless he just doesn’t call for awhile). I think cash would be very welcomed as a gift!', '13cne33'], ['u/cuppa_tea_4_me', 86, '2023-05-09 15:12', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgrqlx/', 'He does odd jobs. He doesnt work for her full time. This is unreasonable.', '13cne33'], ['u/paulschreiber', 32, '2023-05-09 15:13', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgrt3d/', 'Savings bond is still better than Bitcoin. Or at least an index fund (VTI etc.).', '13cne33'], ['u/jwd52', 319, '2023-05-09 15:16', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgs7le/', 'Definitely don’t buy Bitcoin lol. Honestly a savings bond would be a fine choice, no need to second-guess your initial instinct too much! Depending on your relationship with this handyman, you also might want to suggest that he open a 529 account for his new child, as someone else mentioned. This is a special sort of investment account where money can grow tax-free as long as it’s eventually spent on education-related expenses (not limited to traditional higher education, options also include private high school, trade school, post-secondary education, education materials, even room and board). Establishing a 529 would be a bit more complicated and take a bit of work on the parents’ part, but it’s arguably a better investment at the end of the day.', '13cne33'], ['u/itchin4aschvitzin', 16, '2023-05-09 15:17', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgsdiz/', 'if someone gave me bitcoin i wouldn’t talk to them again', '13cne33'], ['u/SandiegoJack', 17, '2023-05-09 15:18', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgsgjd/', 'They bought these things months before, then bought things off the registry after, so we know they were aware we had the same thing on the registry. Then have the nerve to acted suprised and pressure us into keeping it when we said we didn’t need it.\n\nNo, you don’t get credit for gifts you bought as pressure to get us to spend more time at your house. It’s all part of their victim act and I am sick of it', '13cne33'], ['u/illimitable1', 17, '2023-05-09 15:20', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgst1n/', "Savings bonds aren't so bad right now, assuming no default. Interest rates are up.", '13cne33'], ['u/neogreenlantern', 27, '2023-05-09 15:22', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgt1iz/', "Don't get Bitcoin or any type of crypto currency. None are stable enough to guarantee it will be worth anything in 18 years. If he doesn't get paternity leave give him that. I love my job but I wish I had more time off when my kid was born.\n\nI would ask this question in /r/daddit and /r/parenting also. You'll get better ideas there.", '13cne33'], ['u/peekaboooobakeep', 392, '2023-05-09 15:23', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgt4u7/', "r/daddit is full of new and experienced dads and someone may be able to suggest from that perspective what they would find most valuable. Me as a mom, I'd just want diapers or wipes or cash lol", '13cne33'], ['u/SandiegoJack', 10, '2023-05-09 15:26', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgthir/', 'Yeah, and you seem oddly defensive about the behaviors that I am calling out. \n\nYou a shitty/selfish gift giver too?', '13cne33'], ['u/jerlwe', 58, '2023-05-09 15:27', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgtni6/', 'Also, OP paying handyman’s day rate for two weeks would probably be several thousand dollars.', '13cne33'], ['u/I-tie-my-own-shoes', 70, '2023-05-09 15:29', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgtvql/', 'They literally just built a brand new store near me. Never even opened before the company went bankrupt.', '13cne33'], ['u/capfan5918', 214, '2023-05-09 15:30', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgu3q6/', 'One of my favorite gifts for folks celebrating large life events such as this is a cleaning service for however long you see appropriate. When my wife and I got back from our honeymoon and our house was just as we left it, we wondered why no one had ever thought of this!', '13cne33'], ['u/hellojuly', 371, '2023-05-09 15:32', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgubis/', 'Ask if they have a baby registry. They might need a car seat, stroller, or something for baby’s room', '13cne33'], ['u/drphungky', 41, '2023-05-09 15:35', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgun5x/', ">Didn’t T-Bills spike this week in a (hopefully temporary) panic about the debt-ceiling showdown? I’d wait to buy until at least they (Congress) kick the can down the road. That said, IANACFP.\n\nThey did, but that was for 1 month bonds which would mature right around the government running out of money. You'd be looking at a significantly longer maturity bond as a gift for a newborn.", '13cne33'], ['u/WhenIsWheresWhat', 31, '2023-05-09 15:35', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjguoa8/', "You can't buy a t bill as a gift...\n\nHe can buy an I bond and gift that, he could get a paper one for $200. It'll gain interest for 30 years.\n\nHe could also ask if they have a 529 set up and contribute to that.", '13cne33'], ['u/torchwood1842', 90, '2023-05-09 15:39', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgv7a6/', 'I used BBBaby a lot when I was pregnant/had a young baby, as did a lot of my friends. We refuse to risk using Amazon for items were safety, is paramount, like car seats, cribs, strollers. There are too many fakes that are dangerous on that site. I’ve seen multiple people in my bump group wind up with fake car seats from Amazon, which could be fatal. And BBBaby had the biggest selection of strollers that you could test out in person, and you could look at the car seats/the install up close in person, move them around, etc. we have most of the stuff we need before we have our next baby, but I’m sure I am still am going to miss BBBaby for that kind of thing. And on top of that, I definitely rushed there for last minute stuff I needed for pumping or bottlefeeding when I needed it within hours, not days.', '13cne33'], ['u/SL1CKR1CK363', 39, '2023-05-09 15:41', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgvfra/', "I have a silver dollar from the year I was born, still think it's neat and still think of the neighbor who gave it to my parents.... 30+ years ago.", '13cne33'], ['u/essaitchthrowaway3', 14, '2023-05-09 15:56', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgxizk/', 'Literally no one is even talking about bitcoin anymore other than the people still trying to push that scam.', '13cne33'], ['u/FuzzyAmount2', 20, '2023-05-09 15:56', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgxlwn/', "That's awesome, yeah something like this. Thanks.", '13cne33'], ['u/tasteslike_FEET', 16, '2023-05-09 15:59', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgxxau/', 'Have an almost 6 week old and yes to all of this!', '13cne33'], ['u/WackyBones510', 148, '2023-05-09 16:05', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjgyqcs/', 'I’m a new dad and daddit member… diapers, diapers of any/all sizes. Financially, a savings bond or a 529 contribution would both be great but are a little clunky to give as a gift due to the information required.', '13cne33'], ['u/Swimming-Welcome-271', 27, '2023-05-09 16:16', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh0edv/', 'BBBaby might be the only one that survives. That brand is the only one with any value left and there should be buyers. I also heard BBB might be trying to recoup as much as they can from liquidating to see if they can keep BBBaby going', '13cne33'], ['u/nailpolishbonfire', 39, '2023-05-09 16:18', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh0na8/', 'Wow thanks for this post, I had been holding off opening a 529 myself because I thought it was only good for college! The trade school option makes it much more exciting!', '13cne33'], ['u/throwawayhyperbeam', 11, '2023-05-09 16:31', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh2krk/', "There is zero chance they don't raise the debt ceiling.", '13cne33'], ['u/shitdamntittyfuck', 26, '2023-05-09 16:41', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh42sz/', "Did you read the post? This guy is a handyman that OP uses. OP is not the handyman's employer and cannot control their PTO", '13cne33'], ['u/HornedGoatScream', 60, '2023-05-09 16:48', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh54mf/', 'Most registries are searchable on the internet. Just search “first/last name baby registry” on Google. If you know approx due date, even better. If done that tons and ordered a gift to keep it a surprise.', '13cne33'], ['u/Gopokes34', 55, '2023-05-09 17:01', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh74dx/', "That's the main reason I still do a lot of brick and mortar shopping. My BIL had this super crappy looking duffel bag and my wife asked where and why he bought that. He said Amazon because it could get there before his trip. Maybe i'm just old school, but I would have just preferred to have bought one somewhere on my way home from work lol.", '13cne33'], ['u/randiesel', 11, '2023-05-09 17:17', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjh9h6z/', "The kid has to earn income for a IRA to be legitimate though, no? I'm generally not a fan of making shit up just for minor tax advantages.", '13cne33'], ['u/BasileusLeoIII', 97, '2023-05-09 17:22', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjha9ie/', "How about silver, especially if the coins were struck in the child's birth year?", '13cne33'], ['u/ztherion', 57, '2023-05-09 17:24', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhala5/', 'BRB creating baby registries in common baby names', '13cne33'], ['u/pointe4Jesus', 91, '2023-05-09 17:58', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhftqc/', "This might actually be the best idea, tbh. Silver will keep its value despite inflation, which even bonds won't do. And coins struck in the child's birth year just makes it so much cooler.", '13cne33'], ['u/Busch_League2', 150, '2023-05-09 18:01', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhgcoy/', "I just cashed in a savings bond I was given when I was born 29 years ago. $100 bond, it's value now is $160. Lol.", '13cne33'], ['u/Wise_Temperature_322', 12, '2023-05-09 18:03', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhglqo/', 'It didn’t, they filed for bankruptcy and the stock got delisted from the New York Stock Exchange. They have more debt than assets and have no hope of recovery.', '13cne33'], ['u/brb_coffee', 32, '2023-05-09 18:25', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhk1m6/', 'I worry this would weigh sentimentality over liquidity when they want to cash it in.', '13cne33'], ['u/bluesnowbird', 31, '2023-05-09 18:34', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhldq3/', 'My grandfather gave each of his 7 grandchildren silver coins that were minted 100 years a before they were born. I still have mine.', '13cne33'], ['u/MarkerMarked', 12, '2023-05-09 18:42', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhml88/', 'This doesn’t mean BuyBuy Baby can’t be sold off to a buyer and that $$$ put towards paying other BBBY debts.', '13cne33'], ['u/knittinkitten65', 15, '2023-05-09 18:43', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhmrdz/', "The challenge with buying savings bonds as gifts now is that you have to have the person's social security number and parents are understandably hesitant to hand that out.\nIt's really annoying. I wish they had a better system for giving them as gifts.", '13cne33'], ['u/The_Law_of_Pizza', 52, '2023-05-09 18:48', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhnlg8/', "The problem with physical precious metals is that they are not easy to turn into cash.\n\nYou can do it, but getting anything close to actually spot price usually involves shipping the coins somewhere, and even then there will be a fee applied to cover the cost of verifying the purity.\n\nAlso, the value doesn't always keep up with inflation. Precious metals in general have lost a lot of market share to other alternative investments, and tend to occupy a weird niche - rubbing shoulders with people who have 6,000 cans of Chef Boyardee hoarded in their basement.", '13cne33'], ['u/JapanesePeso', 12, '2023-05-09 18:54', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhohx0/', "Silver is one of the most manipulated markets in the world. There's no real guarantee it will maintain or increase in value at all.", '13cne33'], ['u/searchandrescuewoods', 89, '2023-05-09 18:57', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhp0v3/', "LMAO I just had this happen. My parents made a big thing about FINALLY entrusting me with several bonds they'd had since I was born. All told, they added up to... $260 after tax lol.", '13cne33'], ['u/Bryn79', 12, '2023-05-09 19:00', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhph90/', 'Honestly give him cash — the costs of having a child are monstrous!\n\nThen maybe get him a little plaque or trophy and have it engraved with something like “Congratulations on your best build yet!” with your name (family) on it for him to remember you all by.\n\nAnd as a fellow old guy I’d say give him at least $500 — you’ve known him for five plus years and he’s been there for you.', '13cne33'], ['u/Wise_Temperature_322', 14, '2023-05-09 19:08', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhqp79/', 'The sale of BuybuyBaby only makes a dent in their debts. I did the math a while back, if they sell every asset they own they will still owe like $1.2 billion. They have a -20% revenue stream, which is dropping year by year. That means operation costs, to keep the lights on, out do the money they are bringing in by $120 million. If the trend continues next year revenue will drop by a billion and operation costs will raise with the struggling economy (our electricity bill is up, so is theirs).\n\nJust think, Burger King just shut down 400 locations, Jenny Craig just went under, multi billion dollar banks are falling left and right, it is not a good environment for a debt ridden brick and mortar to make a comeback. Unfortunately.', '13cne33'], ['u/_refugee_', 15, '2023-05-09 19:20', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhsj19/', 'It’s up to the recipient to do what they wish with a gift. Changing a gift to try to influence the recipient to do a specific thing with it can veer into manipulation territory', '13cne33'], ['u/torchwood1842', 11, '2023-05-09 19:30', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhu3ua/', 'Maybe you are technically correct that the people in my group share a little blame, but I would argue that no, it is the giant corporation that sold them the seed that is to blame. When it comes to things like car seats, Amazon has no business not intensely vetting those third party sellers, demanding background checks, inspecting the merchandise themselves, etc. they have no business not pursuing criminal charges for any fake safety devices that are found on their site. Babies could die, and that’s not even hyperbole. People shouldn’t have to be detectives and have 100% understanding of Amazon’s inner workings when using the biggest and most well funded sales company on the planet— a sales site that has used marketing on practically every media platform to engender trust in the consumer. Particularly with the kind of money Amazon has, they have a significantly higher responsibility if they want to be screwing around with selling car seats that could be the difference of a baby living or dying in a car crash. If they don’t want to do the work to keep babies and children safe, then they should not allow listings for car seats on their site from anyone other than the manufacturer. It’s as simple as that.', '13cne33'], ['u/Just-to-answer-Qs', 31, '2023-05-09 19:39', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhvi71/', 'First I hear of this, and would have really appreciated this!', '13cne33'], ['u/MrUnknown', 30, '2023-05-09 19:41', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhvrmj/', 'Amazon does something called co-mingled inventory.\n\nWhat this means is that if 3 sellers are selling the same product and ship them in, they all get shoved in the same bin. So while you may buy from "seller a", Amazon might grab something "seller b" sent in.\n\nhttps://www.redpoints.com/blog/amazon-commingled-inventory-management/\n\nA seller can pay extra to have their stuff placed separately, but co-mingled is default and fees already take up a significant amount of the sale price. \n\nSo, no, making sure you chose the correct "sold by" is never a guarantee that you\'ll get an authentic product.', '13cne33'], ['u/st1tchy', 56, '2023-05-09 19:42', 'https://www.reddit.com/r/HomeImprovement/comments/13cne33/handyman_having_first_born/jjhvvqy/', 'For diapers, I would say get size 2-3. They will probably get plenty of newborn and size 1s at a baby shower plus not ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["TheWeb3game industry is growing on blockchain networks likeAvalanche,Solana,Polygon, and even the newly-launchedSui. One platform you don't find on that list isChia, the novel storage-based blockchain network—but that may soon change.\nLast week, Chia Network—which recentlysignaled plans to go public—launched what it’s calling theChia Open Digital Economy (CODE)framework, which is infrastructure and tooling designed to power an open metaverse of games and applications that use interoperable assets.\nAlongside that initiative, Chia will launch a proof-of-concept trading card game on May 19called ChiaTCG, which will support allNFTscurrently on Chia and turn them into playable cards.\nLeading the gaming push is Richard Tsao, Chia Network’s Chief Metaverse Officer, who spent two decades working for giants of the gaming industry—from Microsoft back in its early Xbox days to Ubisoft branches in China and eventually League of Legends creator Riot Games.\nTsao toldDecryptthat it was at Riot Games that he recognized the need for an open ecosystem of tradable assets that are truly owned by players. He said that he tried to pursue the concept while at the company, but that it ultimately “didn’t work”—he couldn’t find traction for the idea at a large studio with its own thriving, closed ecosystem of assets.\nUltimately, he set up shop at Chia and is now leading its push to adapt the blockchain network to better support games.\nCreated by Bram Cohen, inventor of the BitTorrent protocol, Chia uses a unique “proof of space and time” consensus mechanism that’s secured by users’ storage space, rather than requiring high-end computers and immense amounts of energy likeBitcoin’s network does.\nTsao sees potential advantages to Chia’s gaming plan compared to other blockchain networks. Notably, theNFT1 token standardpairs with Chia’s Offers system to enable peer-to-peer atomic swaps without the need for a marketplace or an escrowsmart contractin the middle. It’s a nuanced variation that Tsao believes is a meaningful differentiator.\nChia Aims to Take on Ethereum, Solana With NFTs. Will They Blossom?\nBroadly, however, it appears that Chia’s gaming ambitions are still very early. Chia Network has a plan and a proof-of-concept game demo, but these are only first steps.\nBy the end of the year, Chia hopes to release a white paper and finalize code to enable interoperability between future games, as well as create an “abstraction layer” that makes it easier for developers to build games atop the network.\nChiaTCG is simply designed as a “very generic, proof-of-concept” game that could support any NFTs on the network, Tsao explained, giving all projects and communities an opportunity to see how their assets could function within a game. It’s a two-player cooperative experience designed as a “starting point” for creators, he said.\nButEthereumNFT-based trading card games likeGods UnchainedandSkyweaverhave been online for years, and some of those aforementioned blockchain networks have numerous live games with many more in development. Chia’s NFT market is much smaller than platforms like Ethereum and Solana, as well, given that it juststarted taking shape last year.\nChia is starting behind the pack, in other words—way behind the pack. But Tsao believes that its infrastructure will be appealing to developers, and that the network can unlock true functionality around theinteroperability premisethat has largely been a pipe dream in Web3 gaming to date. It just may take some time to get there.\n“We don't profess to be game developers. We’re great technology developers… who really want to make the use case ofmetaversegaming come alive,” said Tsao. “So we will partner with experienced game developers to provide that tech—and they’ll provide good games.”", 'Joseph O’Connor, theU.K. national behind a 2020 Twitter hack, has been extradited to the United States, where he has pled guilty to multiple cybercrime offenses, the U.S. Attorney’s Office Southern District of New Yorkannounced Tuesday\n“O’Connor used his sophisticated technological abilities for malicious purposes — conducting a complex SIM swap attack to steal large amounts of cryptocurrency, hacking Twitter, conducting computer intrusions to take over social media accounts, and even cyberstalking two victims, including a minor victim,” the SDNY said in a statement.\nDuring the 2020 Twitter hack, multiple high-profileTwitter accounts were taken over– including CoinDesk’s – and used to promote a bitcoin giveaway scam. Despite multi-factor authentication being enabled on some of the accounts, the attackers managed to hide scam warning responses, including from Binance CEO Changpeng Zhao, and amassed approximately 11.3 BTC ($103,960) from the fraudulent activity.\nFlorida resident Graham Ivan Clark, an associate of O’Connor’s who also participated in the attack, wasarrested in March 2021and tried as a young offender, as he was 17 at the time of the hack.\nO’Connor, 23, was also charged by the SDNY and pled guilty for his role in SIM-swapping attacks targeting high-profile executives in the cryptocurrency industry, resulting in the theft of $794,000 in digital assets.\nWhile the SDNY declined to name the company, only stating that it “provided wallet infrastructure and related software to cryptocurrency”, there have been numerous cases of targeted crypto companies using this same technique,including BlockFi.\nTelecoms such asAT&Tas well asT-Mobilehave been sued by victims over the lack of internal security measures that have allowed these attacks to take place.\nO’Connor is due back in court on June 23 for sentencing.', 'Joseph O’Connor, the U.K. national behind a 2020 Twitter hack , has been extradited to the United States, where he has pled guilty to multiple cybercrime offenses, the U.S. Attorney’s Office Southern District of New York announced Tuesday “O’Connor used his sophisticated technological abilities for malicious purposes — conducting a complex SIM swap attack to steal large amounts of cryptocurrency, hacking Twitter, conducting computer intrusions to take over social media accounts, and even cyberstalking two victims, including a minor victim,” the SDNY said in a statement. During the 2020 Twitter hack, multiple high-profile Twitter accounts were taken over – including CoinDesk’s – and used to promote a bitcoin giveaway scam. Despite multi-factor authentication being enabled on some of the accounts, the attackers managed to hide scam warning responses, including from Binance CEO Changpeng Zhao, and amassed approximately 11.3 BTC ($103,960) from the fraudulent activity. Florida resident Graham Ivan Clark, an associate of O’Connor’s who also participated in the attack, was arrested in March 2021 and tried as a young offender, as he was 17 at the time of the hack. O’Connor, 23, was also charged by the SDNY and pled guilty for his role in SIM-swapping attacks targeting high-profile executives in the cryptocurrency industry, resulting in the theft of $794,000 in digital assets. While the SDNY declined to name the company, only stating that it “provided wallet infrastructure and related software to cryptocurrency”, there have been numerous cases of targeted crypto companies using this same technique, including BlockFi . Telecoms such as AT&T as well as T-Mobile have been sued by victims over the lack of internal security measures that have allowed these attacks to take place. O’Connor is due back in court on June 23 for sentencing.', 'Good morning. Here’s what’s happening:\nPrices:As blockchain congestion eases, Bitcoin\'s price recovers. eToro\'s Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin\'s resilience in an interview with CoinDesk TV.\nInsights:Extraterritoriality is once again at the front-and-center of a crypto court case. Will we finally get some answers as to how far U.S. authorities can reach?\nBitcoin Showing Green Shoots as Congestion Begins to Clear\nCoinDesk Market Index (CMI)\n1,185\n+2.2▲0.2%\nBitcoin (BTC)\n$27,741\n+71.2▲0.3%\nEthereum (ETH)\n$1,853\n+2.9▲0.2%\nS&P 500\n4,119.17\n−19.0▼0.5%\nGold\n$2,043\n+17.0▲0.8%\nNikkei 225\n29,242.82\n+292.9▲1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+2.2\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,741", "+71.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,853", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.17", "\\u221219.0\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,043", "+17.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,242.82", "+292.9\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia.\nWhile bitcoin traded sideways throughout the U.S. business day, as Asia opens, the first signs of a return to price growth have reappeared amid diminishing congestion on the bitcoin blockchain.\nBitcoin is currently trading at $27,741, up 0.3%,according to CoinDesk market data, whileether is trading at $1,853, up 0.2%.\nOn-chain data showsthat of Wednesday morning Asia time, the number of unconfirmed transactions had dipped to just below 400,000 from nearly 500,000 over the weekend. In addition,fees for sending transactionshad settled to just over $5 from over$20 at the peak of this crisis.\nBut the question on many people\'s minds was what will cause the next big move in prices?\neToro investment analyst Callie Cox points to inflation as the chief concern from everyone from the Fed to crypto traders.\nOn a recent appearance on CoinDesk TV, Cox argued that Americans want inflation to decrease while maintaining job security, and the Fed is trying to balance these, but it\'s a process that inevitably involves some pain.\n“Powell really leaned into his megaphone and provided some very flexible language on the future of policy,” Cox said on CoinDesk TV. “They keep dropping hints and statements, where they basically change the language around if future policy moves are needed. This could be a hint that the Fed is becoming more flexible."\nMeanwhile, despite Bitcoin’s congestion, it remains a defensive asset, as she pointed out that it has surprisingly outperformed the S&P 500 on most CPI and Fed days.\n“In the wake of massive sell-offs, Bitcoin, while still risky, seems to be benefiting from both its traditional role and its emerging role as a value store during lower rates," she said.\nAside from bitcoin, what is Cox watching at the moment? Ethereum.\nShe views ether as a riskier investment, but recognizes its economic value and the number of projects being developed on the Ethereum blockchain.\n"Ethereum is one of those blockchains that is proving its value at the moment, and I think investors are realizing that," she said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.7%", "DACS Sector": "Entertainment"}]\nFormer FTX CEO Sam Bankman-Friedhas begun his defense.\nIn a court filing published yesterday, Bankman-Friedmoved to dismissthe majority of the charges against him.\nOne part of his legal team’s move to dismiss the allegations of commodities fraud: extraterritoriality.\nBankman-Fried’s legal team argues in a filing that the commodities fraud charges would necessitate an extraterritorial application of the Commodities Exchange Act (CEA), which is not permissible as the CEA only applies to domestic conduct.\nThey further argue that prior case law dictates that the focus of the CEA is not on the geographical location of transactions, but on preventing manipulation and ensuring market integrity.\nRemember, FTX did not serve U.S. customers, and as lawyers point out in the filing, was headquartered first in Hong Kong before moving to The Bahamas.\nWhat exactly is the U.S. nexus?\nWe’ve been down this road before with BitMEX.\nBitMEX was charged under U.S. anti-money laundering laws despite not serving U.S. customers nor operating bank accounts with U.S. institutions.\n“The CFTC’s increasingly expanded view of their jurisdiction will likely be challenged, especially against offshore exchanges and participants that have limited ties to the United States,” Braden Perry, a former Commodity Futures Trading Commission enforcement attorney and now a partner at Kennyhertz Perry,said at the time. “This is dangerous territory for the CFTC.”\nUnfortunately, for those interested in seeing a case where the CFTC’s view that its mandate was international,a plea dealtaken by Arthur Hayes and Ben Delo prevents a full exploration of these issues in court.\nIf it had gone to court, the case would have explored new considerations for the Bank Secrecy Act\'s applicability to entities that don\'t accept fiat currency or have limited ties to the United States, raising questions about jurisdiction and regulatory overreach.\nPart of Hayes and Delo’s settlement involved a large fine as well as house arrest for Hayes andprobation for Delo.\nThis option is unlikely for Bankman-Fried. He’s got more incentive to fight his case.\nHopefully, this will mean we have the extraterritorial tendencies of U.S. regulators tested in court and enshrined in case law. If anything, it would give the industry some certainty of where the U.S. can and can’t reach, instead of playing a constant guessing game.\nMoonclave (Las Vegas)\nCrypto and Digital Assets Summit (London)\n8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBittrex Files for Bankruptcy in U.S.; Bitcoin Slips Below $28K\nCrypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO\'s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA at Ripple, also joined the conversation.\nLitecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy:Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens.\nCoinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo:According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.”\nThere\'s No Such Thing as High Fees on Bitcoin:Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter.\nCoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto:The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series.\nDCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital:The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.', 'Good morning. Here’s what’s happening: Prices: As blockchain congestion eases, Bitcoin\'s price recovers. eToro\'s Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin\'s resilience in an interview with CoinDesk TV. Insights: Extraterritoriality is once again at the front-and-center of a crypto court case. Will we finally get some answers as to how far U.S. authorities can reach? Prices Bitcoin Showing Green Shoots as Congestion Begins to Clear CoinDesk Market Index (CMI) 1,185 +2.2 ▲ 0.2% Bitcoin (BTC) $27,741 +71.2 ▲ 0.3% Ethereum (ETH) $1,853 +2.9 ▲ 0.2% S&P 500 4,119.17 −19.0 ▼ 0.5% Gold $2,043 +17.0 ▲ 0.8% Nikkei 225 29,242.82 +292.9 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,185 +2.2 ▲ 0.2% Bitcoin (BTC) $27,741 +71.2 ▲ 0.3% Ethereum (ETH) $1,853 +2.9 ▲ 0.2% S&P 500 4,119.17 −19.0 ▼ 0.5% Gold $2,043 +17.0 ▲ 0.8% Nikkei 225 29,242.82 +292.9 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia. While bitcoin traded sideways throughout the U.S. business day, as Asia opens, the first signs of a return to price growth have reappeared amid diminishing congestion on the bitcoin blockchain. Bitcoin is currently trading at $27,741, up 0.3%, according to CoinDesk market data , while ether is trading at $1,853 , up 0.2%. On-chain data shows that of Wednesday morning Asia time, the number of unconfirmed transactions had dipped to just below 400,000 from nearly 500,000 over the weekend. In addition, fees for sending transactions had settled to just over $5 from over $20 at the peak of this crisis . But the question on many people\'s minds was what will cause the next big move in prices? eToro investment analyst Callie Cox points to inflation as the chief concern from everyone from the Fed to crypto traders. On a recent appearance on CoinDesk TV, Cox argued that Americans want inflation to decrease while maintaining job security, and the Fed is trying to balance these, but it\'s a process that inevitably involves some pain. Story continues “Powell really leaned into his megaphone and provided some very flexible language on the future of policy,” Cox said on CoinDesk TV. “They keep dropping hints and statements, where they basically change the language around if future policy moves are needed. This could be a hint that the Fed is becoming more flexible." Meanwhile, despite Bitcoin’s congestion, it remains a defensive asset, as she pointed out that it has surprisingly outperformed the S&P 500 on most CPI and Fed days. “In the wake of massive sell-offs, Bitcoin, while still risky, seems to be benefiting from both its traditional role and its emerging role as a value store during lower rates," she said. Aside from bitcoin, what is Cox watching at the moment? Ethereum. She views ether as a riskier investment, but recognizes its economic value and the number of projects being developed on the Ethereum blockchain. "Ethereum is one of those blockchains that is proving its value at the moment, and I think investors are realizing that," she said. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.2% Smart Contract Platform Shiba Inu SHIB +2.1% Currency Dogecoin DOGE +0.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −2.8% Smart Contract Platform Cosmos ATOM −2.3% Smart Contract Platform Gala GALA −1.7% Entertainment Insights Former FTX CEO Sam Bankman-Fried has begun his defense . In a court filing published yesterday, Bankman-Fried moved to dismiss the majority of the charges against him. One part of his legal team’s move to dismiss the allegations of commodities fraud: extraterritoriality. Bankman-Fried’s legal team argues in a filing that the commodities fraud charges would necessitate an extraterritorial application of the Commodities Exchange Act (CEA), which is not permissible as the CEA only applies to domestic conduct. They further argue that prior case law dictates that the focus of the CEA is not on the geographical location of transactions, but on preventing manipulation and ensuring market integrity. Remember, FTX did not serve U.S. customers, and as lawyers point out in the filing, was headquartered first in Hong Kong before moving to The Bahamas. What exactly is the U.S. nexus? We’ve been down this road before with BitMEX. BitMEX was charged under U.S. anti-money laundering laws despite not serving U.S. customers nor operating bank accounts with U.S. institutions. “The CFTC’s increasingly expanded view of their jurisdiction will likely be challenged, especially against offshore exchanges and participants that have limited ties to the United States,” Braden Perry, a former Commodity Futures Trading Commission enforcement attorney and now a partner at Kennyhertz Perry, said at the time . “This is dangerous territory for the CFTC.” Unfortunately, for those interested in seeing a case where the CFTC’s view that its mandate was international, a plea deal taken by Arthur Hayes and Ben Delo prevents a full exploration of these issues in court. If it had gone to court, the case would have explored new considerations for the Bank Secrecy Act\'s applicability to entities that don\'t accept fiat currency or have limited ties to the United States, raising questions about jurisdiction and regulatory overreach. Part of Hayes and Delo’s settlement involved a large fine as well as house arrest for Hayes and probation for Delo . This option is unlikely for Bankman-Fried. He’s got more incentive to fight his case. Hopefully, this will mean we have the extraterritorial tendencies of U.S. regulators tested in court and enshrined in case law. If anything, it would give the industry some certainty of where the U.S. can and can’t reach, instead of playing a constant guessing game. Important events. Moonclave (Las Vegas) Crypto and Digital Assets Summit (London) 8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bittrex Files for Bankruptcy in U.S.; Bitcoin Slips Below $28K Crypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO\'s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA at Ripple, also joined the conversation. Headlines Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy : Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens. Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo : According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.” There\'s No Such Thing as High Fees on Bitcoin : Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter. CoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto : The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series. DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital : The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.', 'Good morning. Here’s what’s happening:\nPrices:As blockchain congestion eases, Bitcoin\'s price recovers. eToro\'s Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin\'s resilience in an interview with CoinDesk TV.\nInsights:Extraterritoriality is once again at the front-and-center of a crypto court case. Will we finally get some answers as to how far U.S. authorities can reach?\nBitcoin Showing Green Shoots as Congestion Begins to Clear\nCoinDesk Market Index (CMI)\n1,185\n+2.2▲0.2%\nBitcoin (BTC)\n$27,741\n+71.2▲0.3%\nEthereum (ETH)\n$1,853\n+2.9▲0.2%\nS&P 500\n4,119.17\n−19.0▼0.5%\nGold\n$2,043\n+17.0▲0.8%\nNikkei 225\n29,242.82\n+292.9▲1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+2.2\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,741", "+71.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,853", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,119.17", "\\u221219.0\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,043", "+17.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,242.82", "+292.9\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia.\nWhile bitcoin traded sideways throughout the U.S. business day, as Asia opens, the first signs of a return to price growth have reappeared amid diminishing congestion on the bitcoin blockchain.\nBitcoin is currently trading at $27,741, up 0.3%,according to CoinDesk market data, whileether is trading at $1,853, up 0.2%.\nOn-chain data showsthat of Wednesday morning Asia time, the number of unconfirmed transactions had dipped to just below 400,000 from nearly 500,000 over the weekend. In addition,fees for sending transactionshad settled to just over $5 from over$20 at the peak of this crisis.\nBut the question on many people\'s minds was what will cause the next big move in prices?\neToro investment analyst Callie Cox points to inflation as the chief concern from everyone from the Fed to crypto traders.\nOn a recent appearance on CoinDesk TV, Cox argued that Americans want inflation to decrease while maintaining job security, and the Fed is trying to balance these, but it\'s a process that inevitably involves some pain.\n“Powell really leaned into his megaphone and provided some very flexible language on the future of policy,” Cox said on CoinDesk TV. “They keep dropping hints and statements, where they basically change the language around if future policy moves are needed. This could be a hint that the Fed is becoming more flexible."\nMeanwhile, despite Bitcoin’s congestion, it remains a defensive asset, as she pointed out that it has surprisingly outperformed the S&P 500 on most CPI and Fed days.\n“In the wake of massive sell-offs, Bitcoin, while still risky, seems to be benefiting from both its traditional role and its emerging role as a value store during lower rates," she said.\nAside from bitcoin, what is Cox watching at the moment? Ethereum.\nShe views ether as a riskier investment, but recognizes its economic value and the number of projects being developed on the Ethereum blockchain.\n"Ethereum is one of those blockchains that is proving its value at the moment, and I think investors are realizing that," she said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.7%", "DACS Sector": "Entertainment"}]\nFormer FTX CEO Sam Bankman-Friedhas begun his defense.\nIn a court filing published yesterday, Bankman-Friedmoved to dismissthe majority of the charges against him.\nOne part of his legal team’s move to dismiss the allegations of commodities fraud: extraterritoriality.\nBankman-Fried’s legal team argues in a filing that the commodities fraud charges would necessitate an extraterritorial application of the Commodities Exchange Act (CEA), which is not permissible as the CEA only applies to domestic conduct.\nThey further argue that prior case law dictates that the focus of the CEA is not on the geographical location of transactions, but on preventing manipulation and ensuring market integrity.\nRemember, FTX did not serve U.S. customers, and as lawyers point out in the filing, was headquartered first in Hong Kong before moving to The Bahamas.\nWhat exactly is the U.S. nexus?\nWe’ve been down this road before with BitMEX.\nBitMEX was charged under U.S. anti-money laundering laws despite not serving U.S. customers nor operating bank accounts with U.S. institutions.\n“The CFTC’s increasingly expanded view of their jurisdiction will likely be challenged, especially against offshore exchanges and participants that have limited ties to the United States,” Braden Perry, a former Commodity Futures Trading Commission enforcement attorney and now a partner at Kennyhertz Perry,said at the time. “This is dangerous territory for the CFTC.”\nUnfortunately, for those interested in seeing a case where the CFTC’s view that its mandate was international,a plea dealtaken by Arthur Hayes and Ben Delo prevents a full exploration of these issues in court.\nIf it had gone to court, the case would have explored new considerations for the Bank Secrecy Act\'s applicability to entities that don\'t accept fiat currency or have limited ties to the United States, raising questions about jurisdiction and regulatory overreach.\nPart of Hayes and Delo’s settlement involved a large fine as well as house arrest for Hayes andprobation for Delo.\nThis option is unlikely for Bankman-Fried. He’s got more incentive to fight his case.\nHopefully, this will mean we have the extraterritorial tendencies of U.S. regulators tested in court and enshrined in case law. If anything, it would give the industry some certainty of where the U.S. can and can’t reach, instead of playing a constant guessing game.\nMoonclave (Las Vegas)\nCrypto and Digital Assets Summit (London)\n8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBittrex Files for Bankruptcy in U.S.; Bitcoin Slips Below $28K\nCrypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO\'s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA at Ripple, also joined the conversation.\nLitecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy:Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens.\nCoinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo:According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.”\nThere\'s No Such Thing as High Fees on Bitcoin:Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter.\nCoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto:The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series.\nDCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital:The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.', 'The stock market, where transactions can take place only during business hours, is where the phrase \x93day trader\x94 originates. This suggests that day traders close their positions after each trading day to take advantage of any intraday price fluctuations. Can You Day Trade Bitcoin? Absolutely. It\x92s more of a matter of whether you can day trade cryptocurrencies as it is of how you can do so successfully. The primary objective of day trading Bitcoin is to capitalize on fluctuating prices. The short-term price swings that day traders seek are more easily achieved in the volatile cryptocurrency market. It is unusual, for instance, for the value of blue chip stocks or other traded commodities to increase by 10% in a single day. Such cost increases are typical in the cryptocurrency market. To generate profitable trading ideas, day traders must employ effective day trading tactics and familiarize themselves with fundamental and technical analysis. Day traders in Bitcoin can use indicators such as chart patterns, Bitcoin price action, volume, and other pricing data to assist them in choosing when to enter and exit trades and where to allocate capital. Volume, support, and resistance are the three primary concepts in day trading. You can copy-trade cryptocurrency by renting intraday trading bots or trading on your own. When and How to Day Trade Bitcoin? We know the viability and potential success of day trading in Bitcoin. How does crypto day trading work, then? To maximize their profits, day traders in cryptocurrencies like Bitcoin often try to predict when the market will be the most volatile or liquid. Since most Bitcoin investors are corporations and other large entities, it is best to avoid trading on the weekends when the market is closed (volume will be lower). And given we\x92re discussing quantities here, an overview of auction market theory could be instructive. The asset\x92s stated price, the duration determining the pricing opportunity, and the volume - help determine any auction or market\x92s success. Volume matters most. Story continues Skilled day traders will generally focus on value first, as this is the guiding concept of auction market theory. Inefficient markets, like the current bear market, seek equilibrium or efficiency by correcting the imbalance that caused them. When market participants have different opinions on the correct value of an asset, the market trends either higher or lower until it reaches a new equilibrium point. When this happens, market volatility decreases, and equilibrium is restored. Successful day traders often use auction market theory, market and overflow dynamics, and volume profiles. Avoid the FOMO trap when trading Traders that rush into the market without carefully considering their entry points are more likely to run into difficulties, which could result in losses. Trading due to fear of missing out is usually a bad idea that leads to bad deals that might be prevented with discipline and excellent trading tactics. Be wary of excessive trading Rapid idea changes and excessive trading can lead to costly mistakes. Bitcoin day traders can prevent overtrading by keeping their rational trading apart from their emotional trading. Successful risk management, an efficient trading strategy, and clear analysis will help them achieve this. DO NOT risk more than you can afford to lose in the market Limiting your exposure as a Bitcoin day trader will help you prevent catastrophic losses. Success requires measured risks, but only risk what you can afford. Traders should risk no more than 1% daily to avoid losing too much. Caution is the name of the game Day traders in Bitcoin should avoid trying to time the market at all costs manually. Trading Bitcoin manually will always be quicker, more efficient, and more accurate than using a crypto trading bot. One study found that algorithmic trading may complete a transaction in under 10 ms. Although the time it takes to blink is only 300 milliseconds, we use the phrase \x93in the blink of an eye\x94 to describe something that happens very quickly. Therefore, there are more viable options than engaging in manual day trading. Conclusion One common strategy for making money with Bitcoin is day trading. However, it calls for extensive study and close monitoring of your trading strategy and portfolio. It can be risky, but if you follow this guide, you\x92ll know what to think about as you move forward. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'The stock market, where transactions can take place only during business hours, is where the phrase \x93day trader\x94 originates. This suggests that day traders close their positions after each trading day to take advantage of any intraday price fluctuations. Can You Day Trade Bitcoin? Absolutely. It\x92s more of a matter of whether you can day trade cryptocurrencies as it is of how you can do so successfully. The primary objective of day trading Bitcoin is to capitalize on fluctuating prices. The short-term price swings that day traders seek are more easily achieved in the volatile cryptocurrency market. It is unusual, for instance, for the value of blue chip stocks or other traded commodities to increase by 10% in a single day. Such cost increases are typical in the cryptocurrency market. To generate profitable trading ideas, day traders must employ effective day trading tactics and familiarize themselves with fundamental and technical analysis. Day traders in Bitcoin can use indicators such as chart patterns, Bitcoin price action, volume, and other pricing data to assist them in choosing when to enter and exit trades and where to allocate capital. Volume, support, and resistance are the three primary concepts in day trading. You can copy-trade cryptocurrency by renting intraday trading bots or trading on your own. When and How to Day Trade Bitcoin? We know the viability and potential success of day trading in Bitcoin. How does crypto day trading work, then? To maximize their profits, day traders in cryptocurrencies like Bitcoin often try to predict when the market will be the most volatile or liquid. Since most Bitcoin investors are corporations and other large entities, it is best to avoid trading on the weekends when the market is closed (volume will be lower). And given we\x92re discussing quantities here, an overview of auction market theory could be instructive. The asset\x92s stated price, the duration determining the pricing opportunity, and the volume - help determine any auction or market\x92s success. Volume matters most. Story continues Skilled day traders will generally focus on value first, as this is the guiding concept of auction market theory. Inefficient markets, like the current bear market, seek equilibrium or efficiency by correcting the imbalance that caused them. When market participants have different opinions on the correct value of an asset, the market trends either higher or lower until it reaches a new equilibrium point. When this happens, market volatility decreases, and equilibrium is restored. Successful day traders often use auction market theory, market and overflow dynamics, and volume profiles. Avoid the FOMO trap when trading Traders that rush into the market without carefully considering their entry points are more likely to run into difficulties, which could result in losses. Trading due to fear of missing out is usually a bad idea that leads to bad deals that might be prevented with discipline and excellent trading tactics. Be wary of excessive trading Rapid idea changes and excessive trading can lead to costly mistakes. Bitcoin day traders can prevent overtrading by keeping their rational trading apart from their emotional trading. Successful risk management, an efficient trading strategy, and clear analysis will help them achieve this. DO NOT risk more than you can afford to lose in the market Limiting your exposure as a Bitcoin day trader will help you prevent catastrophic losses. Success requires measured risks, but only risk what you can afford. Traders should risk no more than 1% daily to avoid losing too much. Caution is the name of the game Day traders in Bitcoin should avoid trying to time the market at all costs manually. Trading Bitcoin manually will always be quicker, more efficient, and more accurate than using a crypto trading bot. One study found that algorithmic trading may complete a transaction in under 10 ms. Although the time it takes to blink is only 300 milliseconds, we use the phrase \x93in the blink of an eye\x94 to describe something that happens very quickly. Therefore, there are more viable options than engaging in manual day trading. Conclusion One common strategy for making money with Bitcoin is day trading. However, it calls for extensive study and close monitoring of your trading strategy and portfolio. It can be risky, but if you follow this guide, you\x92ll know what to think about as you move forward. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'The stock market, where transactions can take place only during business hours, is where the phrase \x93day trader\x94 originates. This suggests that day traders close their positions after each trading day to take advantage of any intraday price fluctuations. Can You Day Trade Bitcoin? Absolutely. It\x92s more of a matter of whether you can day trade cryptocurrencies as it is of how you can do so successfully. The primary objective of day trading Bitcoin is to capitalize on fluctuating prices. The short-term price swings that day traders seek are more easily achieved in the volatile cryptocurrency market. It is unusual, for instance, for the value of blue chip stocks or other traded commodities to increase by 10% in a single day. Such cost increases are typical in the cryptocurrency market. To generate profitable trading ideas, day traders must employ effective day trading tactics and familiarize themselves with fundamental and technical analysis. Day traders in Bitcoin can use indicators such as chart patterns, Bitcoin price action, volume, and other pricing data to assist them in choosing when to enter and exit trades and where to allocate capital. Volume, support, and resistance are the three primary concepts in day trading. You can copy-trade cryptocurrency by renting intraday trading bots or trading on your own. When and How to Day Trade Bitcoin? We know the viability and potential success of day trading in Bitcoin. How does crypto day trading work, then? To maximize their profits, day traders in cryptocurrencies like Bitcoin often try to predict when the market will be the most volatile or liquid. Since most Bitcoin investors are corporations and other large entities, it is best to avoid trading on the weekends when the market is closed (volume will be lower). And given we\x92re discussing quantities here, an overview of auction market theory could be instructive. The asset\x92s stated price, the duration determining the pricing opportunity, and the volume - help determine any auction or market\x92s success. Volume matters most. Story continues Skilled day traders will generally focus on value first, as this is the guiding concept of auction market theory. Inefficient markets, like the current bear market, seek equilibrium or efficiency by correcting the imbalance that caused them. When market participants have different opinions on the correct value of an asset, the market trends either higher or lower until it reaches a new equilibrium point. When this happens, market volatility decreases, and equilibrium is restored. Successful day traders often use auction market theory, market and overflow dynamics, and volume profiles. Avoid the FOMO trap when trading Traders that rush into the market without carefully considering their entry points are more likely to run into difficulties, which could result in losses. Trading due to fear of missing out is usually a bad idea that leads to bad deals that might be prevented with discipline and excellent trading tactics. Be wary of excessive trading Rapid idea changes and excessive trading can lead to costly mistakes. Bitcoin day traders can prevent overtrading by keeping their rational trading apart from their emotional trading. Successful risk management, an efficient trading strategy, and clear analysis will help them achieve this. DO NOT risk more than you can afford to lose in the market Limiting your exposure as a Bitcoin day trader will help you prevent catastrophic losses. Success requires measured risks, but only risk what you can afford. Traders should risk no more than 1% daily to avoid losing too much. Caution is the name of the game Day traders in Bitcoin should avoid trying to time the market at all costs manually. Trading Bitcoin manually will always be quicker, more efficient, and more accurate than using a crypto trading bot. One study found that algorithmic trading may complete a transaction in under 10 ms. Although the time it takes to blink is only 300 milliseconds, we use the phrase \x93in the blink of an eye\x94 to describe something that happens very quickly. Therefore, there are more viable options than engaging in manual day trading. Conclusion One common strategy for making money with Bitcoin is day trading. However, it calls for extensive study and close monitoring of your trading strategy and portfolio. It can be risky, but if you follow this guide, you\x92ll know what to think about as you move forward. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'Bitcoin edged higher on Wednesday morning in Asia to hold above the US$27,500 mark as the hype for Bitcoin-based memecoins that had clogged the network seemed to cool off. Ether also gained, while other top 10 non-stablecoin cryptocurrencies traded mixed. Litecoin led the winners as high transaction fees on Bitcoin drove users to alternatives, with the Litecoin network logging a record-high in daily transactions. Polygon’s Matic led the losers. U.S. equity futures traded flat on concern about U.S. debt ceiling negotiations and ahead of inflation numbers on Wednesday.\nSee related article:Bittrex’s U.S. crypto exchange unit files for bankruptcy following closure, SEC lawsuit\nBitcoin edged up 0.60% to US$27,754 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data, but was still holding a weekly loss of 2.64%.\n“Bitcoin prices have been impacted by significant congestion and skyrocketing transaction fees,” Denys Peleshok, head of Asia at London-based financial institute CPT Markets, said in an email. “Such network issues and infrastructure disruptions could limit institutional investors’ confidence in the asset.”\nThe congestion on the Bitcoin networkis attributed to the hype around BRC-20, a token standard introduced on March 9 that enables the minting of fungible tokens on the Bitcoin blockchain. The total market cap of BRC-20 tokens has dropped from around US$961 million on Monday to US$688 million at 9:00 a.m. on Wednesday in Hong Kong, according to blockchain data trackerBRC-20.io.\nEther gained 0.49% to US$1,852. It’s down 0.44% for the week.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Polygon’s Matic leading the losers, falling 2.40% to US$0.8782 and posting a weekly loss of 9.47%.\nLitecoin led the winners, gaining 3.45% to US$80.33. However, it’s down 8.56% for the week. The Litecoin blockchain has logged record-high daily transactions this week as high transaction fees on the Bitcoin network drove users to other platforms. Transactions on the Litecoin blockchain totaled over 525,000 on Monday, more than five times higher than the start of the month, according to blockchain data platformBitInfoCharts.\nThe total crypto market capitalization edged up 0.46% in the past 24 hours to US$1.14 trillion. The total trading volume dropped 29.34% to US$32.02 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.91% to 3,462.33 in the 24 hours to 09:00 a.m. in Hong Kong, losing 6.64% for the week.\nAzuki, an Ethereum-based NFT collection, saw the largest sales across the market in the past 24 hours, surging 388.12% to US$2.47 million to surpass US$1.51 million for DMarket and US$880,000 for Bored Ape Yacht Club, according to data byCryptoSlam.\nBinance, the world’s biggest crypto exchange,saidTuesday its NFT marketplace would soon add support for Bitcoin Ordinals inscriptions – the Bitcoin blockchain’s iteration of NFTs. The platform currently supports NFTs on BNB Chain, Ethereum and Polygon.\nU.S. stock futures were flat to slightly higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.06%. The S&P 500 futures gained 0.10%. And the Nasdaq Composite futures added 0.08%.\nThe three U.S. indexes closed lower on Tuesday amid concerns about the U.S. government’s potential default in June. U.S. President Joe Biden met with congressional Republicans on Tuesday to discuss raising the government’s debt ceiling, but made little progress, according toBloombergon Wednesday. Another meeting is set for Friday.\nThe U.S. April consumer price index report on Wednesday will give a peek into the pace of inflation and provide insights into the Fe Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $536,094,490,050 - Hash Rate: 405682569.2552164 - Transaction Count: 671668.0 - Unique Addresses: 686423.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin. Photo by Getty Images Bitcoin could climb by $20,000 if a US default happens, Standard Chartered's Geoff Kendrick said. Not every crypto would act similarly, with some behaving more like equities, he told Insider. "So actually, the optimal trade would probably be long bitcoin, short ethereum." With the looming debt ceiling crisis showing no signs of a resolution, both bond and equity markets have become jittery. But while some investors are fearful of a historic default, one asset could potentially rise through such a situation: Bitcoin . Describing a US default as a "low-probability, high-impact event," Geoff Kendrick, head of FX research at Standard Chartered, said it may cause the bitcoin to jump by about $20,000, representing an increase of 68% from current levels. He told Insider that's because the top cryptocurrency by market cap has a reputation for performing well in periods of stress and is often seen as a safe haven, especially as it is a decentralized asset. But Kendrick doesn't think bitcoin would rally in a straight line in the event of a US default, saying "it probably comes a bit lower on day one or day two or week." In that case, bitcoin could dip by $5,000 initially, then jump by $25,000, he estimated. And not every cryptocurrency would follow bitcoin's behavior, he added, with others like ethereum trading more like stocks, which would likely fall in a default. "So actually, the optimal trade would probably be long bitcoin, short ethereum. That sort of mix would probably be a good expression of this," Kendrick said. If Congress fails to lift the $31.4 trillion federal debt limit, a default could come sometime in the summer an event that could cause seismic ruptures global markets. On Tuesday, Treasury Secretary Janet Yellen warned a default would be catastrophic for the US economy , sparking mass unemployment, payment failures, and higher rates "into perpetuity." Story continues With House Republicans and the White House still far from a deal to raise the debt ceiling, yields on three-month Treasurys recently jumped to a 22-year high, as they would mature around a potential default date . Meanwhile, bitcoin is still recovering from a massive sell-off that began in late 2021 and continued through much of 2022 as the Federal Reserve embarked on an aggressive tightening cycle. But bitcoin has rallied nearly 80% so far in 2023 and recently neared $30,000 as First Republic Bank's woes reignited fears over the financial sector. For his part, Kendrick is already bullish on bitcoin, saying in a note on Monday that it could surge to $100,000 by the end of 2024 due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things, though it didn't mention the risk of a US default. "While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer," he wrote. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Fairlead Strategies\' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term.\nInsights:Bitcoin needs a good story before it can push higher, says Brent Xu, CEO of Web3 bond-market platform Umee. What will that narrative be?\nCoinDesk Market Index (CMI)\n1,209.53\n+0.9▲0.1%\nBitcoin (BTC)\n$27,618\n+36.0▲0.1%\nEthereum (ETH)\n$1,838\n−6.9▼0.4%\nS&P 500 daily close\n4,137.64\n+18.5▲0.4%\nGold\n$2,037\n+0.3▲0.0%\nTreasury Yield 10 Years\n3.44%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,209.53", "+0.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,618", "+36.0\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,838", "\\u22126.9\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,137.64", "+18.5\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,037", "+0.3\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.44%", "\\u25bc0.1"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nAll Eyes on Ether as Bitcoin Pushes Down?\nGood Morning Asia,\nCrypto is starting the trading day in Asia fairly flat after apromising U.S. Consumer Price Indexpushed bitcoin above $28,000.\nBitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down 0.4% to $1,838.\nKatie Stockton, Founder and Managing Partner of Fairlead Strategies, said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but don’t expect price appreciation yet.\n“From a technical perspective, the market does seem to like it, we\'re seeing a positive reaction. But really, the action is somewhat insignificant in terms of where both bitcoin and Ether have traded up late,” she said. “They recently broke down below their 50-day moving averages."\nStockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term.\nThis lower price point should serve as a nice entry point for new investors, she argues.\nStockton also sees a short-term setback for Ether as it too, has moved out its 50-day moving average. However, she predicts Ether might outperform bitcoin in the short term.\n"We anticipate a downside for Ether, regardless of today\'s activity, with a support level around $1,755,” she said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+11.5%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+2.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nAn Asset Market in Search of a Good Story\nBanking substitute? Inflation hedge? Gold alternative?\nBitcoin has yet to find a new foundation that drives the price from its weeks-long range roughly between $25,000 and $30,000, Brent Xu, CEO and co-founder of Web3 bond-market platform Umee, said on CoinDesk TV’s “All About Bitcoin” program.\n“Bitcoin is trying to find its next narrative,” Xu said.\nBitcoin’s price seesawing on Wednesday encapsulated its vulnerability to events in recent weeks. The largest cryptocurrency by market capitalization rose on a mildly favorable Consumer Price Index (CPI) that showed inflation rising a less-than-expected 4.9% in April. But BTC sank around midday on internet rumors of a $320 million U.S. government bitcoin sell-off before rebounding as markets shrugged off the hearsay.\nXu noted that the price run-ups tied to a mini-run of U.S. bank failures in April and earlier this month had failed to spur long-lasting price momentum.\n“We saw a bunch of banks get destroyed, and there\'s this narrative building that bitcoin will be a new banking system,” he said. “Unfortunately, that narrative is still not fully substantiated.Bitcoin is oscillating during the existing market cycles, and we haven\'t reached that bullish momentum cycle yet.\nHe added: That is likely to happen next year. For the rest of this year, we\'re gonna see some more price oscillation.”\nXu believes that the steady decline in inflation from a peak of 9.1% last June will allow the U.S. central bank to reconsider the steady diet of hawkish interest rate increases that Federal Reserve critics blame for the near banking meltdown and other economic ills. “There\'s a likelihood that we\'re going to see some potential cuts,” Xu said, adding that some analysts foresee interest rate cuts totaling 75 basis points (bps) in the months ahead.\n“They need to take a long hard look at what all these interest rates hikes have been doing, and just the possibility of a deeper recession into the near future,” he said.\nXu said that liquidity would be important for crypto markets to thrive. Market makers Jane Street and Jump Crypto recently abandoned crypto trading in the U.S. and other firms focused or with at least a deep interest in crypto have also been scaling back their activities or threatening to move them overseas.\nBut Xu said that “these markets will find a way to exist, if not within U.S. borders,” and added that “there will be institutional liquidity that comes in.”\n“It’s just building the right narrative. The next narrative needs to be a major innovation, like the Shanghai Shapella upgrade, or some sort of new L-2 (layer 2), or some major improvement to the bitcoin blockchain. And when we see those, we\'ll see more liquidity and action coming (into markets).”\n9:30 a.m. HKT/SGT(1:30 UTC)Chinese Consumer Price Index (YoY/April)\n7:00 p.m. HKT/SGT(11:00 UTC)Bank of England Monetary Policy Report\n8:30 p.m. HKT/SGT(12:30 UTC)United States Producer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Inches Higher After April Inflation Report; Congress\'s Joint Crypto Regulation Hearing\nBitcoin (BTC) was inching higher after the annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March, versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics. Fairlead Strategies Founder and Managing Partner Katie Stockton shared her crypto markets analysis. Asobitcoin President Will Hernandez also joined "First Mover" to give an update on El Salvador\'s bitcoin experiment. And Fan-Owned Sail Team LLC Founder David Palmer shared his thoughts on creating a successful SailGP team with a passionate fan and owner base.\nAragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis:After a week of bickering cooler heads began to prevail. The market responded with gusto.\nCrypto Derivatives Market Share Hits All-Time High:Binance continues to be the dominant crypto derivatives trading platform.\nUniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees:The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders.\nUrbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth:The peer-to-peer network started in 2002 says it\'s taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned.\nBitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets:Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.', 'Good morning. Here’s what’s happening: Prices: Fairlead Strategies\' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term. Insights: Bitcoin needs a good story before it can push higher, says Brent Xu, CEO of Web3 bond-market platform Umee. What will that narrative be? Prices CoinDesk Market Index (CMI) 1,209.53 +0.9 ▲ 0.1% Bitcoin (BTC) $27,618 +36.0 ▲ 0.1% Ethereum (ETH) $1,838 −6.9 ▼ 0.4% S&P 500 daily close 4,137.64 +18.5 ▲ 0.4% Gold $2,037 +0.3 ▲ 0.0% Treasury Yield 10 Years 3.44% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,209.53 +0.9 ▲ 0.1% Bitcoin (BTC) $27,618 +36.0 ▲ 0.1% Ethereum (ETH) $1,838 −6.9 ▼ 0.4% S&P 500 daily close 4,137.64 +18.5 ▲ 0.4% Gold $2,037 +0.3 ▲ 0.0% Treasury Yield 10 Years 3.44% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET All Eyes on Ether as Bitcoin Pushes Down? Good Morning Asia, Crypto is starting the trading day in Asia fairly flat after a promising U.S. Consumer Price Index pushed bitcoin above $28,000. Bitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down 0.4% to $1,838. Katie Stockton, Founder and Managing Partner of Fairlead Strategies, said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but don’t expect price appreciation yet. “From a technical perspective, the market does seem to like it, we\'re seeing a positive reaction. But really, the action is somewhat insignificant in terms of where both bitcoin and Ether have traded up late,” she said. “They recently broke down below their 50-day moving averages." Stockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term. Story continues This lower price point should serve as a nice entry point for new investors, she argues. Stockton also sees a short-term setback for Ether as it too, has moved out its 50-day moving average. However, she predicts Ether might outperform bitcoin in the short term. "We anticipate a downside for Ether, regardless of today\'s activity, with a support level around $1,755,” she said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +11.5% Entertainment Cosmos ATOM +5.5% Smart Contract Platform Polkadot DOT +2.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Ethereum ETH −0.3% Smart Contract Platform Insights An Asset Market in Search of a Good Story Banking substitute? Inflation hedge? Gold alternative? Bitcoin has yet to find a new foundation that drives the price from its weeks-long range roughly between $25,000 and $30,000, Brent Xu, CEO and co-founder of Web3 bond-market platform Umee, said on CoinDesk TV’s “All About Bitcoin” program. “Bitcoin is trying to find its next narrative,” Xu said. Bitcoin’s price seesawing on Wednesday encapsulated its vulnerability to events in recent weeks. The largest cryptocurrency by market capitalization rose on a mildly favorable Consumer Price Index (CPI) that showed inflation rising a less-than-expected 4.9% in April. But BTC sank around midday on internet rumors of a $320 million U.S. government bitcoin sell-off before rebounding as markets shrugged off the hearsay. Xu noted that the price run-ups tied to a mini-run of U.S. bank failures in April and earlier this month had failed to spur long-lasting price momentum. “We saw a bunch of banks get destroyed, and there\'s this narrative building that bitcoin will be a new banking system,” he said. “Unfortunately, that narrative is still not fully substantiated.Bitcoin is oscillating during the existing market cycles, and we haven\'t reached that bullish momentum cycle yet. He added: That is likely to happen next year. For the rest of this year, we\'re gonna see some more price oscillation.” Xu believes that the steady decline in inflation from a peak of 9.1% last June will allow the U.S. central bank to reconsider the steady diet of hawkish interest rate increases that Federal Reserve critics blame for the near banking meltdown and other economic ills. “There\'s a likelihood that we\'re going to see some potential cuts,” Xu said, adding that some analysts foresee interest rate cuts totaling 75 basis points (bps) in the months ahead. “They need to take a long hard look at what all these interest rates hikes have been doing, and just the possibility of a deeper recession into the near future,” he said. Xu said that liquidity would be important for crypto markets to thrive. Market makers Jane Street and Jump Crypto recently abandoned crypto trading in the U.S. and other firms focused or with at least a deep interest in crypto have also been scaling back their activities or threatening to move them overseas. But Xu said that “these markets will find a way to exist, if not within U.S. borders,” and added that “there will be institutional liquidity that comes in.” “It’s just building the right narrative. The next narrative needs to be a major innovation, like the Shanghai Shapella upgrade, or some sort of new L-2 (layer 2), or some major improvement to the bitcoin blockchain. And when we see those, we\'ll see more liquidity and action coming (into markets).” Important events. 9:30 a.m. HKT/SGT(1:30 UTC) Chinese Consumer Price Index (YoY/April) 7:00 p.m. HKT/SGT(11:00 UTC) Bank of England Monetary Policy Report 8:30 p.m. HKT/SGT(12:30 UTC) United States Producer Price Index ex Food & Energy (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Inches Higher After April Inflation Report; Congress\'s Joint Crypto Regulation Hearing Bitcoin (BTC) was inching higher after the annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March, versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics. Fairlead Strategies Founder and Managing Partner Katie Stockton shared her crypto markets analysis. Asobitcoin President Will Hernandez also joined "First Mover" to give an update on El Salvador\'s bitcoin experiment. And Fan-Owned Sail Team LLC Founder David Palmer shared his thoughts on creating a successful SailGP team with a passionate fan and owner base. Headlines Aragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis : After a week of bickering cooler heads began to prevail. The market responded with gusto. Crypto Derivatives Market Share Hits All-Time High : Binance continues to be the dominant crypto derivatives trading platform. Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees : The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders. Urbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth : The peer-to-peer network started in 2002 says it\'s taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned. Bitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets : Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.', 'Good morning. Here’s what’s happening:\nPrices:Fairlead Strategies\' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term.\nInsights:Bitcoin needs a good story before it can push higher, says Brent Xu, CEO of Web3 bond-market platform Umee. What will that narrative be?\nCoinDesk Market Index (CMI)\n1,209.53\n+0.9▲0.1%\nBitcoin (BTC)\n$27,618\n+36.0▲0.1%\nEthereum (ETH)\n$1,838\n−6.9▼0.4%\nS&P 500 daily close\n4,137.64\n+18.5▲0.4%\nGold\n$2,037\n+0.3▲0.0%\nTreasury Yield 10 Years\n3.44%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,209.53", "+0.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,618", "+36.0\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,838", "\\u22126.9\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,137.64", "+18.5\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,037", "+0.3\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.44%", "\\u25bc0.1"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nAll Eyes on Ether as Bitcoin Pushes Down?\nGood Morning Asia,\nCrypto is starting the trading day in Asia fairly flat after apromising U.S. Consumer Price Indexpushed bitcoin above $28,000.\nBitcoin is now trading at $27,618, according to CoinDesk market data, which makes it effectively flat. Ether is down 0.4% to $1,838.\nKatie Stockton, Founder and Managing Partner of Fairlead Strategies, said during a recent appearance on CoinDesk TV that overall the crypto market likes the lower CPI numbers but don’t expect price appreciation yet.\n“From a technical perspective, the market does seem to like it, we\'re seeing a positive reaction. But really, the action is somewhat insignificant in terms of where both bitcoin and Ether have traded up late,” she said. “They recently broke down below their 50-day moving averages."\nStockton expects Bitcoin to pull back to its base breakout point of about $25,200. However, she still sees an upward trend in the intermediate term.\nThis lower price point should serve as a nice entry point for new investors, she argues.\nStockton also sees a short-term setback for Ether as it too, has moved out its 50-day moving average. However, she predicts Ether might outperform bitcoin in the short term.\n"We anticipate a downside for Ether, regardless of today\'s activity, with a support level around $1,755,” she said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+11.5%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+2.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nAn Asset Market in Search of a Good Story\nBanking substitute? Inflation hedge? Gold alternative?\nBitcoin has yet to find a new foundation that drives the price from its weeks-long range roughly between $25,000 and $30,000, Brent Xu, CEO and co-founder of Web3 bond-market platform Umee, said on CoinDesk TV’s “All About Bitcoin” program.\n“Bitcoin is trying to find its next narrative,” Xu said.\nBitcoin’s price seesawing on Wednesday encapsulated its vulnerability to events in recent weeks. The largest cryptocurrency by market capitalization rose on a mildly favorable Consumer Price Index (CPI) that showed inflation rising a less-than-expected 4.9% in April. But BTC sank around midday on internet rumors of a $320 million U.S. government bitcoin sell-off before rebounding as markets shrugged off the hearsay.\nXu noted that the price run-ups tied to a mini-run of U.S. bank failures in April and earlier this month had failed to spur long-lasting price momentum.\n“We saw a bunch of banks get destroyed, and there\'s this narrative building that bitcoin will be a new banking system,” he said. “Unfortunately, that narrative is still not fully substantiated.Bitcoin is oscillating during the existing market cycles, and we haven\'t reached that bullish momentum cycle yet.\nHe added: That is likely to happen next year. For the rest of this year, we\'re gonna see some more price oscillation.”\nXu believes that the steady decline in inflation from a peak of 9.1% last June will allow the U.S. central bank to reconsider the steady diet of hawkish interest rate increases that Federal Reserve critics blame for the near banking meltdown and other economic ills. “There\'s a likelihood that we\'re going to see some potential cuts,” Xu said, adding that some analysts foresee interest rate cuts totaling 75 basis points (bps) in the months ahead.\n“They need to take a long hard look at what all these interest rates hikes have been doing, and just the possibility of a deeper recession into the near future,” he said.\nXu said that liquidity would be important for crypto markets to thrive. Market makers Jane Street and Jump Crypto recently abandoned crypto trading in the U.S. and other firms focused or with at least a deep interest in crypto have also been scaling back their activities or threatening to move them overseas.\nBut Xu said that “these markets will find a way to exist, if not within U.S. borders,” and added that “there will be institutional liquidity that comes in.”\n“It’s just building the right narrative. The next narrative needs to be a major innovation, like the Shanghai Shapella upgrade, or some sort of new L-2 (layer 2), or some major improvement to the bitcoin blockchain. And when we see those, we\'ll see more liquidity and action coming (into markets).”\n9:30 a.m. HKT/SGT(1:30 UTC)Chinese Consumer Price Index (YoY/April)\n7:00 p.m. HKT/SGT(11:00 UTC)Bank of England Monetary Policy Report\n8:30 p.m. HKT/SGT(12:30 UTC)United States Producer Price Index ex Food & Energy (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Inches Higher After April Inflation Report; Congress\'s Joint Crypto Regulation Hearing\nBitcoin (BTC) was inching higher after the annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March, versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics. Fairlead Strategies Founder and Managing Partner Katie Stockton shared her crypto markets analysis. Asobitcoin President Will Hernandez also joined "First Mover" to give an update on El Salvador\'s bitcoin experiment. And Fan-Owned Sail Team LLC Founder David Palmer shared his thoughts on creating a successful SailGP team with a passionate fan and owner base.\nAragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis:After a week of bickering cooler heads began to prevail. The market responded with gusto.\nCrypto Derivatives Market Share Hits All-Time High:Binance continues to be the dominant crypto derivatives trading platform.\nUniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees:The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders.\nUrbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth:The peer-to-peer network started in 2002 says it\'s taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned.\nBitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets:Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.', "Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report. The report also reveals that Tether has increased its reserves of bitcoin and gold, with bitcoin now accounting for roughly 2% of its reserves and gold making up 4% of its assets. Tether's transparency report comes amid increased scrutiny of stablecoins by regulators, who are concerned about their potential impact on financial stability and possible use by criminals.\nThe report also shows that Tether's total assets under management (AUM) have grown to around $81.8 billion, a significant increase from the roughly $67 billion reported at the end of 2022. Tether's growth has been fueled by the increasing demand for stablecoins as a means of transacting in the crypto markets, as well as the rise of decentralized finance (DeFi) platforms that use stablecoins as collateral. Tether's transparency report is intended to provide reassurance to investors and regulators alike, as rumors regarding whether the stablecoin issuer has sufficient assets to cover their liabilities have swirled over its many years of existence.", "Tether Reports $1.48 Billion Profit in Q1, Discloses Bitcoin and Gold Reserves Tether Reports $1.48 Billion Profit in Q1, Discloses Bitcoin and Gold Reserves Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report. The report also reveals that Tether has increased its reserves of bitcoin and gold, with bitcoin now accounting for roughly 2% of its reserves and gold making up 4% of its assets. Tether's transparency report comes amid increased scrutiny of stablecoins by regulators, who are concerned about their potential impact on financial stability and possible use by criminals. The report also shows that Tether's total assets under management (AUM) have grown to around $81.8 billion, a significant increase from the roughly $67 billion reported at the end of 2022. Tether's growth has been fueled by the increasing demand for stablecoins as a means of transacting in the crypto markets, as well as the rise of decentralized finance (DeFi) platforms that use stablecoins as collateral. Tether's transparency report is intended to provide reassurance to investors and regulators alike, as rumors regarding whether the stablecoin issuer has sufficient assets to cover their liabilities have swirled over its many years of existence.", "Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report. The report also reveals that Tether has increased its reserves of bitcoin and gold, with bitcoin now accounting for roughly 2% of its reserves and gold making up 4% of its assets. Tether's transparency report comes amid increased scrutiny of stablecoins by regulators, who are concerned about their potential impact on financial stability and possible use by criminals.\nThe report also shows that Tether's total assets under management (AUM) have grown to around $81.8 billion, a significant increase from the roughly $67 billion reported at the end of 2022. Tether's growth has been fueled by the increasing demand for stablecoins as a means of transacting in the crypto markets, as well as the rise of decentralized finance (DeFi) platforms that use stablecoins as collateral. Tether's transparency report is intended to provide reassurance to investors and regulators alike, as rumors regarding whether the stablecoin issuer has sufficient assets to cover their liabilities have swirled over its many years of existence.", 'Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark, after briefly breaching US$28,000 on Wednesday as U.S. inflation slowed. Liquidity is becoming a concern after major market makers Jane Street Group and Jump Crypto quit cryptocurrency trading in the U.S. citing unfavorable regulations. Ether led the losers in the top 10 non-stablecoin cryptocurrencies, while Pokadot led the winners. U.S. equity futures traded higher asinflationeased in April, adding to speculation the Federal Reserve may pause its interest rate hikes in June.\nSee related article:Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue\nBitcoin dropped 0.60% to US$27,554 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, logging a weekly loss of 5.24%.\nThe world’s largest cryptocurrency briefly breached the US$28,000 ceiling on Wednesday as crypto markets rallied on a slower U.S. inflation rate, but soon fell back amid concerns about network congestion and liquidity.\nJane Street Group and Jump Crypto, two leading market makers, will quit digital asset trading in the U.S. as regulators crack down on the industry, according to aBloombergreport citing unnamed sources.\n“After thecollapseof several crypto-friendly banks andFTXit seems like the SEC (regulator) is unsure what leg to stand on and for sure the stance has become morehostileto cryptos and the entire financial and technical ecosystem surrounding it,” Mikkel Morch, chairman and non-executive director at digital asset investment fundARK36, said in an email.\nAs of 08:30 a.m. in Hong Kong, investors liquidated US$41.28 million of Bitcoin positions, almost 75% of which were long positions – or bets that the price of Bitcoin would rise, according to market data trackerCryptoMeter.io.\nEther fell 0.84% to US$1,837, down 3.49% for the week. The token neared US$1,900 on Wednesday before falling back to as low as US$1,795.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Polkadot’s Dot token leading the winners with a gain of 1.91% to US$5.45. However, it’s down 5.43% for the week. Web3 Foundation, the organization behind the Polygon blockchain,testifiedbefore the U.S. Congress on Wednesday on digital asset regulations, calling for a clearer rules of the road.\nThe total crypto market capitalization dipped 0.30% in the past 24 hours to US$1.14 trillion. The total trading volume rose 43.61% to US$45.84 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.67% to 3,440.57 in the 24 hours to 10:00 a.m. in Hong Kong, losing 6.15% for the week.\nMilady Maker, an Ethereum-based NFT collection, topped the 24-hour sales across the market after Elon Musk, Chief Executive Officer of Twitter and Tesla,tweetedon Wednesday an image containing the NFT.\nMilady Maker’s sales totaled over US$9.54 million in the past 24 hours, a surge of over 3,700%, according to data byCryptoSlam, with its floor price jumping 38.4% to 4.69 ETH (US$8,609), according toCoinGecko.\nBoosted by the rise of Milady Maker, NFT sales on the Ethereum blockchain jumped 89.41% in the past 24 hours to US$34.25 million, according toCryptoSlam. The average transaction fees on Ethereum came in at US$19.70 on Wednesday, a drop from its 11-month peak of US$27.68 on Saturday, according to blockchain data platformBitInfoCharts.\nU.S. stock futures moved higher as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.04%. The S&P 500 futures gained 0.19%. And the Nasdaq Composite futures added 0.16%.\nThe three U.S. indexes closed mixed in regular trading on Wednesday as investors digested the U.S.consumer price index reportthat showed annual inflation unexpectedly slowed to 4.9% in April from 5% in March, the slowest pace in the past two years. The moderate cooling of inflation indicates the Federal Reserve may take a pause in its more than year-long cycle of raising rates to slow inflation.\nOn talks to raise the U.S. debt ceiling to keep the government solvent, President Joe Bidenwarnedon Wednesday that a federal government default could trigger a global recession, according to aBloombergreport. Biden is set to continue talks to raise the debt ceiling on Friday, with congressional Republicans demanding more budget cuts in any agreement.\nOn other data releases, the U.S. producer price index and jobless claims come out Thursday to offer further insights into the health of the economy.\nThe Federal Reserve will meet on June 14 to decide its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 96.1% chance the Fed will keep rates unchanged in June, and a 3.9% chance for another 25 basis-point rate hike, down from 21.2% on Wednesday.\n(Updates with equity section.)\nSee related article:Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain', 'Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark, after briefly breaching US$28,000 on Wednesday as U.S. inflation slowed. Liquidity is becoming a concern after major market makers Jane Street Group and Jump Crypto quit cryptocurrency trading in the U.S. citing unfavorable regulations. Ether led the losers in the top 10 non-stablecoin cryptocurrencies, while Pokadot led the winners. U.S. equity futures traded higher as inflation eased in April, adding to speculation the Federal Reserve may pause its interest rate hikes in June. See related article: Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue Bitcoin, Ether lose ground Image: Envato Elements Bitcoin dropped 0.60% to US$27,554 in the 24 hours to 08:30 a.m. in Hong Kong, according to CoinMarketCap data , logging a weekly loss of 5.24%. The world’s largest cryptocurrency briefly breached the US$28,000 ceiling on Wednesday as crypto markets rallied on a slower U.S. inflation rate, but soon fell back amid concerns about network congestion and liquidity. Jane Street Group and Jump Crypto, two leading market makers, will quit digital asset trading in the U.S. as regulators crack down on the industry, according to a Bloomberg report citing unnamed sources. “After the collapse of several crypto-friendly banks and FTX it seems like the SEC (regulator) is unsure what leg to stand on and for sure the stance has become more hostile to cryptos and the entire financial and technical ecosystem surrounding it,” Mikkel Morch, chairman and non-executive director at digital asset investment fund ARK36 , said in an email. As of 08:30 a.m. in Hong Kong, investors liquidated US$41.28 million of Bitcoin positions, almost 75% of which were long positions – or bets that the price of Bitcoin would rise, according to market data tracker CryptoMeter.io . Ether fell 0.84% to US$1,837, down 3.49% for the week. The token neared US$1,900 on Wednesday before falling back to as low as US$1,795. Story continues Other top 10 non-stablecoin cryptocurrencies traded mixed, with Polkadot’s Dot token leading the winners with a gain of 1.91% to US$5.45. However, it’s down 5.43% for the week. Web3 Foundation, the organization behind the Polygon blockchain, testified before the U.S. Congress on Wednesday on digital asset regulations, calling for a clearer rules of the road. The total crypto market capitalization dipped 0.30% in the past 24 hours to US$1.14 trillion. The total trading volume rose 43.61% to US$45.84 billion. NFT index dips The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.67% to 3,440.57 in the 24 hours to 10:00 a.m. in Hong Kong, losing 6.15% for the week. Milady Maker, an Ethereum-based NFT collection, topped the 24-hour sales across the market after Elon Musk, Chief Executive Officer of Twitter and Tesla, tweeted on Wednesday an image containing the NFT. Milady Maker’s sales totaled over US$9.54 million in the past 24 hours, a surge of over 3,700%, according to data by CryptoSlam , with its floor price jumping 38.4% to 4.69 ETH (US$8,609), according to CoinGecko . Boosted by the rise of Milady Maker, NFT sales on the Ethereum blockchain jumped 89.41% in the past 24 hours to US$34.25 million, according to CryptoSlam . The average transaction fees on Ethereum came in at US$19.70 on Wednesday, a drop from its 11-month peak of US$27.68 on Saturday, according to blockchain data platform BitInfoCharts . Equities futures rise as inflation slows Image: Envato Elements U.S. stock futures moved higher as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.04%. The S&P 500 futures gained 0.19%. And the Nasdaq Composite futures added 0.16%. The three U.S. indexes closed mixed in regular trading on Wednesday as investors digested the U.S. consumer price index report that showed annual inflation unexpectedly slowed to 4.9% in April from 5% in March, the slowest pace in the past two years. The moderate cooling of inflation indicates the Federal Reserve may take a pause in its more than year-long cycle of raising rates to slow inflation. On talks to raise the U.S. debt ceiling to keep the government solvent, President Joe Biden warned on Wednesday that a federal government default could trigger a global recession, according to a Bloomberg report. Biden is set to continue talks to raise the debt ceiling on Friday, with congressional Republicans demanding more budget cuts in any agreement. On other data releases, the U.S. producer price index and jobless claims come out Thursday to offer further insights into the health of the economy. The Federal Reserve will meet on June 14 to decide its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 96.1% chance the Fed will keep rates unchanged in June, and a 3.9% chance for another 25 basis-point rate hike, down from 21.2% on Wednesday. (Updates with equity section.) See related article: Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain', 'Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark, after briefly breaching US$28,000 on Wednesday as U.S. inflation slowed. Liquidity is becoming a concern after major market makers Jane Street Group and Jump Crypto quit cryptocurrency trading in the U.S. citing unfavorable regulations. Ether led the losers in the top 10 non-stablecoin cryptocurrencies, while Pokadot led the winners. U.S. equity futures traded higher asinflationeased in April, adding to speculation the Federal Reserve may pause its interest rate hikes in June.\nSee related article:Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue\nBitcoin dropped 0.60% to US$27,554 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, logging a weekly loss of 5.24%.\nThe world’s largest cryptocurrency briefly breached the US$28,000 ceiling on Wednesday as crypto markets rallied on a slower U.S. inflation rate, but soon fell back amid concerns about network congestion and liquidity.\nJane Street Group and Jump Crypto, two leading market makers, will quit digital asset trading in the U.S. as regulators crack down on the industry, according to aBloombergreport citing unnamed sources.\n“After thecollapseof several crypto-friendly banks andFTXit seems like the SEC (regulator) is unsure what leg to stand on and for sure the stance has become morehostileto cryptos and the entire financial and technical ecosystem surrounding it,” Mikkel Morch, chairman and non-executive director at digital asset investment fundARK36, said in an email.\nAs of 08:30 a.m. in Hong Kong, investors liquidated US$41.28 million of Bitcoin positions, almost 75% of which were long positions – or bets that the price of Bitcoin would rise, according to market data trackerCryptoMeter.io.\nEther fell 0.84% to US$1,837, down 3.49% for the week. The token neared US$1,900 on Wednesday before falling back to as low as US$1,795.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Polkadot’s Dot token leading the winners with a gain of 1.91% to US$5.45. However, it’s down 5.43% for the week. Web3 Foundation, the organization behind the Polygon blockchain,testifiedbefore the U.S. Congress on Wednesday on digital asset regulations, calling for a clearer rules of the road.\nThe total crypto market capitalization dipped 0.30% in the past 24 hours to US$1.14 trillion. The total trading volume rose 43.61% to US$45.84 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.67% to 3,440.57 in the 24 hours to 10:00 a.m. in Hong Kong, losing 6.15% for the week.\nMilady Maker, an Ethereum-based NFT collection, topped the 24-hour sales across the market after Elon Musk, Chief Executive Officer of Twitter and Tesla,tweetedon Wednesday an image containing the NFT.\nMilady Maker’s sales totaled over US$9.54 million in the past 24 hours, a surge of over 3,700%, according to data byCryptoSlam, with its floor price jumping 38.4% to 4.69 ETH (US$8,609), according toCoinGecko.\nBoosted by the rise of Milady Maker, NFT sales on the Ethereum blockchain jumped 89.41% in the past 24 hours to US$34.25 million, according toCryptoSlam. The average transaction fees on Ethereum came in at US$19.70 on Wednesday, a drop from its 11-month peak of US$27.68 on Saturday, according to blockchain data platformBitInfoCharts.\nU.S. stock futures moved higher as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.04%. The S&P 500 futures gained 0.19%. And the Nasdaq Composite futures added 0.16%.\nThe three U.S. indexes closed mixed in regular trading on Wednesday as investors digested the U.S.consumer price index reportthat showed annual inflation unexpectedly slowed to 4.9% in April from 5% in March, the slowest pace in the past two years. The moderate cooling of inflation indicates the Federal Reserve may take a pause in its more than year-long cycle of raising rates to slow inflation.\nOn talks to raise the U.S. debt ceiling to keep the government solvent, President Joe Bidenwarnedon Wednesday that a federal government default could trigger a global recession, according to aBloombergreport. Biden is set to continue talks to raise the debt ceiling on Friday, with congressional Republicans demanding more budget cuts in any agreement.\nOn other data releases, the U.S. producer price index and jobless claims come out Thursday to offer further insights into the health of the economy.\nThe Federal Reserve will meet on June 14 to decide its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 96.1% chance the Fed will keep rates unchanged in June, and a 3.9% chance for another 25 basis-point rate hike, down from 21.2% on Wednesday.\n(Updates with equity section.)\nSee related article:Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain', 'Bitcoin Core developers are considering getting rid ofBRC-20transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens andOrdinalsInscriptions more generally.\nSome members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.', 'Bitcoin Core developers are considering getting rid ofBRC-20transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens andOrdinalsInscriptions more generally.\nSome members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.', 'Bitcoin Developers Debate Block of BRC-20 Transactions Bitcoin Developers Debate Block of BRC-20 Transactions Bitcoin Core developers are considering getting rid of BRC-20 transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens and Ordinals Inscriptions more generally. Some members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.', "Bitcoin experienced a roller coaster ride on Wednesday, with the price of the cryptocurrency fluctuating wildly over the course of the day. The price of Bitcoin initially fell sharply, dropping by as much as 10% before rebounding just as quickly to reclaim much of the lost ground. The sudden price swings underscored Bitcoin's vulnerability to market volatility, but also demonstrated the cryptocurrency's resilience in the face of adversity.\nInitially, the price of bitcoin has risen shortly after the release of the latest U.S. Consumer Price Index (CPI) numbers, which fell to a 4.9% increase over the past twelve months. Most market observers had predicted a CPI increase of 5.0% or 5.1% on a 12-month basis. Later in the day, the bitcoin price fell around the time a rumor was swirling that the U.S. government had sold a large stash of bitcoin; however, the rumor turned out to be false and the price eventually recovered to roughly where it started the day.\nDespite the wild fluctuations, some analysts remain bullish on Bitcoin's long-term prospects, citing a range of factors including increasing institutional adoption and growing acceptance of cryptocurrencies as a legitimate asset class. However, others caution that Bitcoin's price may be subject to further volatility in the short term, as market conditions continue to shift and new regulatory pressures emerge.", "Bitcoin experienced a roller coaster ride on Wednesday, with the price of the cryptocurrency fluctuating wildly over the course of the day. The price of Bitcoin initially fell sharply, dropping by as much as 10% before rebounding just as quickly to reclaim much of the lost ground. The sudden price swings underscored Bitcoin's vulnerability to market volatility, but also demonstrated the cryptocurrency's resilience in the face of adversity.\nInitially, the price of bitcoin has risen shortly after the release of the latest U.S. Consumer Price Index (CPI) numbers, which fell to a 4.9% increase over the past twelve months. Most market observers had predicted a CPI increase of 5.0% or 5.1% on a 12-month basis. Later in the day, the bitcoin price fell around the time a rumor was swirling that the U.S. government had sold a large stash of bitcoin; however, the rumor turned out to be false and the price eventually recovered to roughly where it started the day.\nDespite the wild fluctuations, some analysts remain bullish on Bitcoin's long-term prospects, citing a range of factors including increasing institutional adoption and growing acceptance of cryptocurrencies as a legitimate asset class. However, others caution that Bitcoin's price may be subject to further volatility in the short term, as market conditions continue to shift and new regulatory pressures emerge.", "Bitcoin Rises, Then Drops Below $27,000, and Then Rises Again After CPI Report Bitcoin Rises, Then Drops Below $27,000, and Then Rises Again After CPI Report Bitcoin experienced a roller coaster ride on Wednesday, with the price of the cryptocurrency fluctuating wildly over the course of the day. The price of Bitcoin initially fell sharply, dropping by as much as 10% before rebounding just as quickly to reclaim much of the lost ground. The sudden price swings underscored Bitcoin's vulnerability to market volatility, but also demonstrated the cryptocurrency's resilience in the face of adversity. Initially, the price of bitcoin has risen shortly after the release of the latest U.S. Consumer Price Index (CPI) numbers, which fell to a 4.9% increase over the past twelve months. Most market observers had predicted a CPI increase of 5.0% or 5.1% on a 12-month basis. Later in the day, the bitcoin price fell around the time a rumor was swirling that the U.S. government had sold a large stash of bitcoin; however, the rumor turned out to be false and the price eventually recovered to roughly where it started the day. Despite the wild fluctuations, some analysts remain bullish on Bitcoin's long-term prospects, citing a range of factors including increasing institutional adoption and growing acceptance of cryptocurrencies as a legitimate asset class. However, others caution that Bitcoin's price may be subject to further volatility in the short term, as market conditions continue to shift and new re Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,899,381,500 - Hash Rate: 360341576.2208098 - Transaction Count: 546549.0 - Unique Addresses: 596717.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: As the environmental impact of cryptocurrency ecosystems is increasingly coming to the fore, the non-profit ReFi ecosystem Evadore adopts a vision to reduce carbon emissions in the world. New York --News Direct-- Evadore Evadore, a non-profit regenerative finance (ReFi) ecosystem, takes action to reduce global carbon emissions. The Evadore ecosystem, developed by EvaLabs, will work to utilize renewable energy sources and promote the global use of renewable energy with its products named Eva Chain, EvaStore, EvaPay, GreenWallet, EvaForest and CarbonEva. ReFi startup Evadore takes action to reduce global carbon emissions Blockchain-related carbon emissions and the environmental impact of cryptocurrencies are increasingly coming to the fore as the world is on the verge of a green transformation. “Data from the University of Cambridge estimates that Bitcoin will emit around 62 megatons of carbon dioxide equivalent each year at the current velocity of mining," says EvaLabs Community Chief Timothy Walker and adds: “This is equivalent to Serbia's total carbon emissions in 2019.” Aims to use its income for a greener future Founded as a completely non-profit organization, EvaLabs uses the income it generates from its projects, excluding blockchain costs, to carry the world forward toward a greener future. EvaStore, the network project product that assumes the task of ending the climate crisis with the power of cryptocurrency and blockchain technologies, aims to transfer the carbon credits purchased to projects that purpose to reduce carbon emissions. EvaForest intends to grow forests around the world to reduce carbon emissions, while GreenWallet has the purpose to provide cryptocurrency investors with a sustainable and multi-currency cryptocurrency wallet. EvaLabs's EvaPay solution purposes to create a first-class environment-friendly cryptocurrency payment technology, while the CarbonEva app allows users to calculate their daily carbon emissions and receive tips to reduce this impact. All transactions in the Evadore ecosystem are carried out on the Eva Chain blockchain. Story continues Countries' economic systems centralized under ReFi ReFi, one of the concepts that emerged with the development of financial technologies, is known as a financial system that aims to improve the world. Positioned as a ReFi initiative, Evadore plans to take a leading role in the transition of finance to a sustainable and inclusive form. Remarking that they aim to help countries centralize their economic systems under ReFi, Timothy Walker says: "With a focus on sustainability, social justice, and environmental responsibility, ReFi’s enabler is blockchain, which is a decentralized, secure, and transparent system with the potential to transform various industries. And EvaLabs will be the pioneer of this transformation." Evadore uses almost all of the income it generates from the transactions in its ecosystem to finance the processes encouraging the utilization of renewable energy sources for the power needs of companies and governments around the world. Visit the whitepaper link to learn more about Evadore. Contact Details Evadore Timothy Walker [email protected] Company Website https://evadore.io View source version on newsdirect.com: https://newsdirect.com/news/refi-startup-evadore-offers-an-end-to-end-environment-friendly-blockchain-ecosystem-782582316... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode. Insights: Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month. Prices CoinDesk Market Index (CMI) 1,155 −23.4 ▼ 2.0% Bitcoin (BTC) $27,052 −498.3 ▼ 1.8% Ethereum (ETH) $1,801 −34.3 ▼ 1.9% S&P 500 4,130.62 −7.0 ▼ 0.2% Gold $2,021 −9.1 ▼ 0.4% Nikkei 225 29,126.72 +4.5 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,155 −23.4 ▼ 2.0% Bitcoin (BTC) $27,052 −498.3 ▼ 1.8% Ethereum (ETH) $1,801 −34.3 ▼ 1.9% S&P 500 4,130.62 −7.0 ▼ 0.2% Gold $2,021 −9.1 ▼ 0.4% Nikkei 225 29,126.72 +4.5 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Sinks Below $27K Again For a second straight day, bitcoin dropped to late March levels under $27,000 but remained safely within its weeks-long range as investors shrugged off upbeat employment and price data and the latest banking crisis to continue their wait for a true price catalyst. The largest cryptocurrency by market capitalization was recently trading at about $27,052, down 1.8% over the past 24 hours. BTC has been changing hands between $25,000 and $30,000 throughout the spring. A number of analysts believe it will linger there, short of a compelling reason for it to push higher – or lower. "Price reaction to macro data hasn\'t been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we\'ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space. Ether was recently trading at about $1,800, off about 1.9% from Wednesday, same time. The second largest crypto in market value has also remained largely rangebound in recent weeks, despite early April\'s successful Ethereum Shanghai upgrade, which completed the blockchain\'s transition from a proof-of-work to more energy efficient proof-of-stake protocol. Story continues Pepecoin-inspired meme mania was waning less than a week after reaching a stunning $1.8 billion market cap. Data by crypto intelligence firm Nansen showed that by late morning Thursday (ET), “smart money” wallets – crypto accounts of individual traders or institutions who are known for their profitable moves – had decreased their PEPE stash by $3 million in the past 24 hours. Talati said that the team behind PEPE "did a really good job of marketing the token, really building a lot of hype around it." But she added: "These tokens tend to pop up and gain a lot of notoriety when there isn\'t as much stuff happening in this space. They are usually the most accessible ones. A lot of newer entrants into crypto like to trade them." Other major cryptos were largely in the red. The CoinDesk Market Index , a measure of the crypto market\'s performance, was down 2.4%. Equities were mixed with the Dow Jones Industrial Average (DJIA) and S&P 500 falling slightly but the tech-heavy Nasdaq rising a fraction of a percentage point. The banking sector declined after Los Angeles-based PacWest Bancorp reported that it had lost more than 9% of its deposits last week. But PacWest\'s latest problems seemed an afterthought for crypto investors. Meanwhile, Arca\'s Talati was upbeat about DeFi. "There\'s definitely a lot happening in DeFi," she said. "I\'ve highlighted the last few weeks, a lot of development on certain projects like Curve and Aave, both of which launched or (are) launching their own stable coin." Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +1.9% Smart Contract Platform Stellar XLM +0.7% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −7.7% Entertainment Terra LUNA −5.4% Smart Contract Platform Loopring LRC −4.7% Smart Contract Platform Insights Bitcoin Takes a Breather Bitcoin is taking a little May "breather" as investors ponder a mini-wave of upbeat jobs and price data, said Alex McDougall, CEO of Stablecorp, in a CoinDesk TV interview Thursday. Bitcoin\'s price has plunged from highs near $31,000 less than two weeks ago, and on Wednesday, dipped below $27,000 after markets became spooked by an unfounded rumor that the U.S. government was going to sell off some $320 million in bitcoin. The largest crypto in market value has been buffeted in recent weeks, short a compelling reason to move from a weeks-long range. "We\'ve seen interest rates kind of fluctuate a little bit," said McDougall, whose firm provides blockchain-powered financial products. "And the decoupling from the risk on tech stock narrative is interesting. In any time where there are so many competing narratives going on all at once, you can almost see the market sort of flipped between narratives. Is this a doomsday hedge? Is this your risk-on asset? Is the banking sector dying?" He added "What this seems like is an opportunity to take a deep breath – a lot of people taking profits who have been underwater for a little while, an opportunity for accumulation." McDougall noted that the meme pool-spurred congestion on the bitcoin network, which prompted exchange giant Binance to suspend withdrawals twice over the weekend, had raised concerns about the blockchain\'s ability to handle additional volume generated by NFT-like Ordinals. There are "known challenges, and scalability is always part of that that trilemma," he said "When those start to rear their head, it\'s easy to sort of say \'we\'re a little too overhyped there. Let\'s cool off a little bit.\'" He said that liquidity remains another issue that the crypto industry is having to address. "It wasn\'t a healthy marketplace, but at least we had this sort of global connectivity of liquidity before," he said. "And you\'re starting to see that fracture and that global assets not be able to move as smoothly cross border, and those liquidity plugs start to disconnect a little bit." But he was sanguine about bitcoin\'s future. "A lot of these things are sort of the natural growing pains," he said, adding: "How could you not be bullish? It\'s such a it\'s a no brainer to go to this technology in the long term, but the route there is not going to be straight." Important events. JPYMoney Supply M2+CD (Apr/YoY) Australia Westpac Consumer Confidence (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips After April PPI Data; The Rise of the Meme Economy Bitcoin (BTC) slipped below $27,500 following the release of April PPI data. Arca head of research Katie Talati shared her crypto markets analysis. Plus, Timothy Massad, Kennedy School of Government at Harvard University Research Fellow and former CFTC chairman, discussed the future of U.S. crypto regulation following a joint House hearing examining the future of digital assets on Wednesday. And early Dogecoin backer Gary Lachance discussed the rise of the meme economy. Headlines CoinDesk Turns 10 – 2020: The Rise of the Meme Economy: As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series. Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position: Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions. What’s the Reality of Crypto in Crime?: The DOJ\'s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain? ‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools: PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode.\nInsights:Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month.\nCoinDesk Market Index (CMI)\n1,155\n−23.4▼2.0%\nBitcoin (BTC)\n$27,052\n−498.3▼1.8%\nEthereum (ETH)\n$1,801\n−34.3▼1.9%\nS&P 500\n4,130.62\n−7.0▼0.2%\nGold\n$2,021\n−9.1▼0.4%\nNikkei 225\n29,126.72\n+4.5▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,155", "\\u221223.4\\u25bc2.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,052", "\\u2212498.3\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,801", "\\u221234.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,130.62", "\\u22127.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,021", "\\u22129.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,126.72", "+4.5\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Below $27K Again\nFor a second straight day, bitcoin dropped to late March levels under $27,000 but remained safely within its weeks-long range as investors shrugged off upbeat employment and price data and the latest banking crisis to continue their wait for a true price catalyst.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,052, down 1.8% over the past 24 hours. BTC has been changing hands between $25,000 and $30,000 throughout the spring. A number of analysts believe it will linger there, short of a compelling reason for it to push higher – or lower.\n"Price reaction to macro data hasn\'t been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we\'ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space.\nEther was recently trading at about $1,800, off about 1.9% from Wednesday, same time. The second largest crypto in market value has also remained largely rangebound in recent weeks, despite early April\'s successful Ethereum Shanghai upgrade, which completed the blockchain\'s transition from a proof-of-work to more energy efficient proof-of-stake protocol.\nPepecoin-inspired meme mania was waning less than a week after reaching a stunning $1.8 billion market cap. Data by crypto intelligence firmNansenshowed that by late morning Thursday (ET), “smart money” wallets – crypto accounts of individual traders or institutions who are known for their profitable moves – had decreased their PEPE stash by $3 million in the past 24 hours.\nTalati said that the team behind PEPE "did a really good job of marketing the token, really building a lot of hype around it."\nBut she added: "These tokens tend to pop up and gain a lot of notoriety when there isn\'t as much stuff happening in this space. They are usually the most accessible ones. A lot of newer entrants into crypto like to trade them."\nOther major cryptos were largely in the red. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was down 2.4%.\nEquities were mixed with the Dow Jones Industrial Average (DJIA) and S&P 500 falling slightly but the tech-heavy Nasdaq rising a fraction of a percentage point. The banking sector declined after Los Angeles-based PacWest Bancorp reported that it had lost more than 9% of its deposits last week. But PacWest\'s latest problems seemed an afterthought for crypto investors.\nMeanwhile, Arca\'s Talati was upbeat about DeFi. "There\'s definitely a lot happening in DeFi," she said. "I\'ve highlighted the last few weeks, a lot of development on certain projects like Curve and Aave, both of which launched or (are) launching their own stable coin."\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.7%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Takes a Breather\nBitcoin is taking a little May "breather" as investors ponder a mini-wave of upbeat jobs and price data, said Alex McDougall, CEO of Stablecorp, in a CoinDesk TV interview Thursday.\nBitcoin\'s price has plunged from highs near $31,000 less than two weeks ago, and on Wednesday, dipped below $27,000 after markets became spooked by an unfounded rumor that the U.S. government was going to sell off some $320 million in bitcoin. The largest crypto in market value has been buffeted in recent weeks, short a compelling reason to move from a weeks-long range.\n"We\'ve seen interest rates kind of fluctuate a little bit," said McDougall, whose firm provides blockchain-powered financial products. "And the decoupling from the risk on tech stock narrative is interesting. In any time where there are so many competing narratives going on all at once, you can almost see the market sort of flipped between narratives. Is this a doomsday hedge? Is this your risk-on asset? Is the banking sector dying?"\nHe added "What this seems like is an opportunity to take a deep breath – a lot of people taking profits who have been underwater for a little while, an opportunity for accumulation."\nMcDougall noted that the meme pool-spurred congestion on the bitcoin network, which prompted exchange giant Binance to suspend withdrawals twice over the weekend, had raised concerns about the blockchain\'s ability to handle additional volume generated by NFT-like Ordinals. There are "known challenges, and scalability is always part of that that trilemma," he said "When those start to rear their head, it\'s easy to sort of say \'we\'re a little too overhyped there. Let\'s cool off a little bit.\'"\nHe said that liquidity remains another issue that the crypto industry is having to address. "It wasn\'t a healthy marketplace, but at least we had this sort of global connectivity of liquidity before," he said. "And you\'re starting to see that fracture and that global assets not be able to move as smoothly cross border, and those liquidity plugs start to disconnect a little bit."\nBut he was sanguine about bitcoin\'s future. "A lot of these things are sort of the natural growing pains," he said, adding: "How could you not be bullish? It\'s such a it\'s a no brainer to go to this technology in the long term, but the route there is not going to be straight."\nJPYMoney Supply M2+CD (Apr/YoY)\nAustralia Westpac Consumer Confidence (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips After April PPI Data; The Rise of the Meme Economy\nBitcoin (BTC) slipped below $27,500 following the release of April PPI data. Arca head of research Katie Talati shared her crypto markets analysis. Plus, Timothy Massad, Kennedy School of Government at Harvard University Research Fellow and former CFTC chairman, discussed the future of U.S. crypto regulation following a joint House hearing examining the future of digital assets on Wednesday. And early Dogecoin backer Gary Lachance discussed the rise of the meme economy.\nCoinDesk Turns 10 – 2020: The Rise of the Meme Economy:As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series.\nBitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position:Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.\nWhat’s the Reality of Crypto in Crime?:The DOJ\'s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?\n‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools:PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode.\nInsights:Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month.\nCoinDesk Market Index (CMI)\n1,155\n−23.4▼2.0%\nBitcoin (BTC)\n$27,052\n−498.3▼1.8%\nEthereum (ETH)\n$1,801\n−34.3▼1.9%\nS&P 500\n4,130.62\n−7.0▼0.2%\nGold\n$2,021\n−9.1▼0.4%\nNikkei 225\n29,126.72\n+4.5▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,155", "\\u221223.4\\u25bc2.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,052", "\\u2212498.3\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,801", "\\u221234.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,130.62", "\\u22127.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,021", "\\u22129.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,126.72", "+4.5\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Below $27K Again\nFor a second straight day, bitcoin dropped to late March levels under $27,000 but remained safely within its weeks-long range as investors shrugged off upbeat employment and price data and the latest banking crisis to continue their wait for a true price catalyst.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,052, down 1.8% over the past 24 hours. BTC has been changing hands between $25,000 and $30,000 throughout the spring. A number of analysts believe it will linger there, short of a compelling reason for it to push higher – or lower.\n"Price reaction to macro data hasn\'t been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we\'ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space.\nEther was recently trading at about $1,800, off about 1.9% from Wednesday, same time. The second largest crypto in market value has also remained largely rangebound in recent weeks, despite early April\'s successful Ethereum Shanghai upgrade, which completed the blockchain\'s transition from a proof-of-work to more energy efficient proof-of-stake protocol.\nPepecoin-inspired meme mania was waning less than a week after reaching a stunning $1.8 billion market cap. Data by crypto intelligence firmNansenshowed that by late morning Thursday (ET), “smart money” wallets – crypto accounts of individual traders or institutions who are known for their profitable moves – had decreased their PEPE stash by $3 million in the past 24 hours.\nTalati said that the team behind PEPE "did a really good job of marketing the token, really building a lot of hype around it."\nBut she added: "These tokens tend to pop up and gain a lot of notoriety when there isn\'t as much stuff happening in this space. They are usually the most accessible ones. A lot of newer entrants into crypto like to trade them."\nOther major cryptos were largely in the red. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was down 2.4%.\nEquities were mixed with the Dow Jones Industrial Average (DJIA) and S&P 500 falling slightly but the tech-heavy Nasdaq rising a fraction of a percentage point. The banking sector declined after Los Angeles-based PacWest Bancorp reported that it had lost more than 9% of its deposits last week. But PacWest\'s latest problems seemed an afterthought for crypto investors.\nMeanwhile, Arca\'s Talati was upbeat about DeFi. "There\'s definitely a lot happening in DeFi," she said. "I\'ve highlighted the last few weeks, a lot of development on certain projects like Curve and Aave, both of which launched or (are) launching their own stable coin."\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.7%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.7%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Takes a Breather\nBitcoin is taking a little May "breather" as investors ponder a mini-wave of upbeat jobs and price data, said Alex McDougall, CEO of Stablecorp, in a CoinDesk TV interview Thursday.\nBitcoin\'s price has plunged from highs near $31,000 less than two weeks ago, and on Wednesday, dipped below $27,000 after markets became spooked by an unfounded rumor that the U.S. government was going to sell off some $320 million in bitcoin. The largest crypto in market value has been buffeted in recent weeks, short a compelling reason to move from a weeks-long range.\n"We\'ve seen interest rates kind of fluctuate a little bit," said McDougall, whose firm provides blockchain-powered financial products. "And the decoupling from the risk on tech stock narrative is interesting. In any time where there are so many competing narratives going on all at once, you can almost see the market sort of flipped between narratives. Is this a doomsday hedge? Is this your risk-on asset? Is the banking sector dying?"\nHe added "What this seems like is an opportunity to take a deep breath – a lot of people taking profits who have been underwater for a little while, an opportunity for accumulation."\nMcDougall noted that the meme pool-spurred congestion on the bitcoin network, which prompted exchange giant Binance to suspend withdrawals twice over the weekend, had raised concerns about the blockchain\'s ability to handle additional volume generated by NFT-like Ordinals. There are "known challenges, and scalability is always part of that that trilemma," he said "When those start to rear their head, it\'s easy to sort of say \'we\'re a little too overhyped there. Let\'s cool off a little bit.\'"\nHe said that liquidity remains another issue that the crypto industry is having to address. "It wasn\'t a healthy marketplace, but at least we had this sort of global connectivity of liquidity before," he said. "And you\'re starting to see that fracture and that global assets not be able to move as smoothly cross border, and those liquidity plugs start to disconnect a little bit."\nBut he was sanguine about bitcoin\'s future. "A lot of these things are sort of the natural growing pains," he said, adding: "How could you not be bullish? It\'s such a it\'s a no brainer to go to this technology in the long term, but the route there is not going to be straight."\nJPYMoney Supply M2+CD (Apr/YoY)\nAustralia Westpac Consumer Confidence (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips After April PPI Data; The Rise of the Meme Economy\nBitcoin (BTC) slipped below $27,500 following the release of April PPI data. Arca head of research Katie Talati shared her crypto markets analysis. Plus, Timothy Massad, Kennedy School of Government at Harvard University Research Fellow and former CFTC chairman, discussed the future of U.S. crypto regulation following a joint House hearing examining the future of digital assets on Wednesday. And early Dogecoin backer Gary Lachance discussed the rise of the meme economy.\nCoinDesk Turns 10 – 2020: The Rise of the Meme Economy:As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series.\nBitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position:Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.\nWhat’s the Reality of Crypto in Crime?:The DOJ\'s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?\n‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools:PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.', 'Crypto Twitter Attacks Coinbase Over Pepe Characterization Crypto Twitter Attacks Coinbase Over Pepe Characterization Coinbase\'s recent newsletter has irked crypto Twitter , with many users upset about a mischaracterization of the Pepe the Frog meme as a tool of racists and some others accusing the exchange of promoting a highly-speculative meme token. The newsletter, which was published on May 10, highlighted the rise of PEPE, a token based on the popular Pepe the Frog meme. PEPE has seen a meteoric rise in value in recent weeks, surging from a few hundred thousands in market cap in April to a peak of more than $1.5 billion on May 5. However, the token has since lost more than half of its value in less than a week. The PEPE community in particular was furious at how the Pepe the Frog meme was depicted in the newsletter, as #DeleteCoinbase trended on Twitter. Coinbase has since apologized for its coverage of PEPE, saying that it "screwed up." The exchange has also said that it will be more careful in the future about how it covers meme coins. The rise of PEPE is part of a broader trend of meme coins gaining popularity in the crypto space. In addition to the more popular PEPE token on Ethereum, a PEPE BRC-20 token is also one of the more popular assets issued via the controversial Ordinals protocol on Bitcoin.', 'Coinbase\'s recent newsletter has irkedcrypto Twitter, with many users upset about a mischaracterization of the Pepe the Frog meme as a tool of racists and some others accusing the exchange of promoting a highly-speculative meme token. The newsletter, which was published on May 10, highlighted the rise of PEPE, a token based on the popular Pepe the Frog meme. PEPE has seen a meteoric rise in value in recent weeks, surging from a few hundred thousands in market cap in April to a peak of more than $1.5 billion on May 5. However, the token has since lost more than half of its value in less than a week.\nThe PEPE community in particular was furious at how the Pepe the Frog meme was depicted in the newsletter, as #DeleteCoinbase trended on Twitter. Coinbase has since apologized for its coverage of PEPE, saying that it "screwed up." The exchange has also said that it will be more careful in the future about how it covers meme coins.\nThe rise of PEPE is part of a broader trend ofmeme coinsgaining popularity in the crypto space. In addition to the more popular PEPE token on Ethereum, a PEPEBRC-20 tokenis also one of the more popular assets issued via the controversial Ordinals protocol on Bitcoin.', 'Bitcoin has mostly been trading below $30,000 since late April, as the ongoing banking crisis and drama over the debt ceiling in the U.S. have investors wondering what it all means for the world’s largest cryptocurrency. Over the past 24 hours, the cryptocurrency dropped below $27,000, touching a low of $26,805.\nInvestors remain concerned aboutlow liquidity, which has led to relatively small sell orders having a larger-than-normal impact on the bitcoin price. Meanwhile, an outflow of deposits at PacWest Bancorp (PACW) did not appear to have the same bullish impact on the bitcoin price as other recent outflows and outright failures at other banks did, according to a note from Oanda’s Edward Moya. PACW fell roughly 22% on the day.\nBitcoin has been more active around macro events such as Consumer Price Index (CPI) reports and the recent bank failures. After nearly doubling from the lows around $16,000 that were hit late last year, further progress has stalled out since March.', 'Bitcoin has mostly been trading below $30,000 since late April, as the ongoing banking crisis and drama over the debt ceiling in the U.S. have investors wondering what it all means for the world’s largest cryptocurrency. Over the past 24 hours, the cryptocurrency dropped below $27,000, touching a low of $26,805.\nInvestors remain concerned aboutlow liquidity, which has led to relatively small sell orders having a larger-than-normal impact on the bitcoin price. Meanwhile, an outflow of deposits at PacWest Bancorp (PACW) did not appear to have the same bullish impact on the bitcoin price as other recent outflows and outright failures at other banks did, according to a note from Oanda’s Edward Moya. PACW fell roughly 22% on the day.\nBitcoin has been more active around macro events such as Consumer Price Index (CPI) reports and the recent bank failures. After nearly doubling from the lows around $16,000 that were hit late last year, further progress has stalled out since March.', 'Bitcoin Drops Below $27,000 Bitcoin Drops Below $27,000 Bitcoin has mostly been trading below $30,000 since late April, as the ongoing banking crisis and drama over the debt ceiling in the U.S. have investors wondering what it all means for the world\x92s largest cryptocurrency. Over the past 24 hours, the cryptocurrency dropped below $27,000, touching a low of $26,805. Investors remain concerned about low liquidity , which has led to relatively small sell orders having a larger-than-normal impact on the bitcoin price. Meanwhile, an outflow of deposits at PacWest Bancorp (PACW) did not appear to have the same bullish impact on the bitcoin price as other recent outflows and outright failures at other banks did, according to a note from Oanda\x92s Edward Moya. PACW fell roughly 22% on the day. Bitcoin has been more active around macro events such as Consumer Price Index (CPI) reports and the recent bank failures. After nearly doubling from the lows around $16,000 that were hit late last year, further progress has stalled out since March.', 'Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon’s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June.\nSee related article:Bitcoin network buckles under weight of BRC-20’s runaway success\nBitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, losing 6.63% for the week. The world’s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28.\nCongestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when theBRC-20 token standardwas introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcherJochen Hoenicke.\nThe jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor,emailedthe Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which “threaten the smooth and\xa0normal use of the Bitcoin network as a peer-to-peer digital currency.”\nBitcoin’s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world’s leading market makers, are reportedly quitting digital asset trading in the U.S., according to aBloombergreport on Wednesday.\nEther fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3.\nThe Beacon Chain of the Ethereum Network brieflystopped validating transactionson early Friday morning, with Ethereum developerstweetinglater that the outage had been resolved and the cause still under investigation.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Polygon’s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023.\nThe total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week.\nNFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data fromCryptoSlam.\nNFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%.\nMemecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data trackerBRC-20.io.\nU.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks.\nThe U.S.producer price index(PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according toReuterson Thursday.\nU.S.initial jobless claimsrose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a ThursdayBloombergreport. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June.\nOn U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lendersaidits deposits declined approximately 9.5%\xa0 in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year.\nPresident Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according toCNNon Thursday, with the negotiations making little progress so far.\nThe Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday.\n(Updates with equity section.)\nSee related article:Japan looks to regain its place in the cryptocurrency world pecking order', 'Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon’s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June.\nSee related article:Bitcoin network buckles under weight of BRC-20’s runaway success\nBitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, losing 6.63% for the week. The world’s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28.\nCongestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when theBRC-20 token standardwas introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcherJochen Hoenicke.\nThe jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor,emailedthe Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which “threaten the smooth and\xa0normal use of the Bitcoin network as a peer-to-peer digital currency.”\nBitcoin’s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world’s leading market makers, are reportedly quitting digital asset trading in the U.S., according to aBloombergreport on Wednesday.\nEther fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3.\nThe Beacon Chain of the Ethereum Network brieflystopped validating transactionson early Friday morning, with Ethereum developerstweetinglater that the outage had been resolved and the cause still under investigation.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Polygon’s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023.\nThe total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week.\nNFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data fromCryptoSlam.\nNFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%.\nMemecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data trackerBRC-20.io.\nU.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks.\nThe U.S.producer price index(PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according toReuterson Thursday.\nU.S.initial jobless claimsrose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a ThursdayBloombergreport. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June.\nOn U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lendersaidits deposits declined approximately 9.5%\xa0 in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year.\nPresident Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according toCNNon Thursday, with the negotiations making little progress so far.\nThe Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday.\n(Updates with equity section.)\nSee related article:Japan looks to regain its place in the cryptocurrency world pecking order', 'Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon\x92s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June. See related article: Bitcoin network buckles under weight of BRC-20\x92s runaway success Bitcoin, Ether fall to monthly lows Image: Envato Elements Bitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according to CoinMarketCap data , losing 6.63% for the week. The world\x92s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28. Congestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when the BRC-20 token standard was introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcher Jochen Hoenicke . The jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor, emailed the Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which \x93threaten the smooth and\xa0normal use of the Bitcoin network as a peer-to-peer digital currency.\x94 Bitcoin\x92s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world\x92s leading market makers, are reportedly quitting digital asset trading in the U.S., according to a Bloomberg report on Wednesday. Ether fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3. Story continues The Beacon Chain of the Ethereum Network briefly stopped validating transactions on early Friday morning, with Ethereum developers tweeting later that the outage had been resolved and the cause still under investigation. All other top 10 non-stablecoin cryptocurrencies traded lower. Polygon\x92s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023. The total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion. NFT index dips, Ethereum sales slide after Milady hype The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week. NFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data from CryptoSlam . NFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%. Memecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data tracker BRC-20.io . Equity futures gain on slowing inflation data Image: Envato Elements U.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks. The U.S. producer price index (PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according to Reuters on Thursday. U.S. initial jobless claims rose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a Thursday Bloomberg report. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June. On U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lender said its deposits declined approximately 9.5%\xa0 in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year. President Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according to CNN on Thursday, with the negotiations making little progress so far. The Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday. (Updates with equity section.) See related article: Japan looks to regain its place in the cryptocurrency world pecking order', '• US stocks were mostly lower on Thursday after weekly jobless claims jumped to the highest level since October 2021.\n• Initial jobless claims surged by 22,000 to 264,000, which was ahead of estimates for 245,000.\n• Fears of a banking crisis were reignited after PacWest said its deposits fell by nearly 10% last week.\nUS stocks traded mostly lower on Thursday after fresh economic data reignited fears of a potential recession.\nWeekly jobless claims surged by 22,000 to 264,000, hitting the highest level since October 2021 and topping economists\' estimates for 245,000. It continues a recent trend of the unemployment claims ticking higher as more companies reduce their headcounts or slow down hiring.\nIn an interview onCNBCThursday, top economistDavid Rosenberg warned that a recession could sneak upon the economy in the coming months. "Recessions are like this odorless gas. They catch up on you," he warned.\nBanking fears were renewed afterPacWest said its deposit base shrank by nearly 10% last week,following a report that said it was considering a sale. The troubled bank stock plunged by more than 20% and helped drag down the Regional Banking sector ETF by 2%.\nInvestors remain focused on earnings after Disney reported a decline in streaming subscriptions to its Disney+ platform. The stock fell about 6%. So far, 90% ofS&P 500companies have reported first-quarter results, with 77% of those companies beating profit estimates by a median of 8%.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Thursday:\n• S&P 500:4,130.62, down 0.17%\n• Dow Jones Industrial Average:33,309.51, down 0.66% (221.82 points)\n• Nasdaq Composite:12,328.51, up 0.18%\nHere\'s what else happened today:\n• Egg prices have declined by 32%since their January peak, which has helped limit the rise of inflation in recent months.\n• Top economist David Rosenberg said Microsoft\'s decision to not raise salaries for its full-time employeessignaled that US inflation should continue to fall.\n• Bitcoin has slumped nearly 10%over the past month, putting the 2023 crypto rally in jeopardy after a strong start to the year.\n• Alphabet gained more than $130 billion in market valueover a two-day period after the company unveiled its artificial intelligence ambitions.\n• Robinhood said that it will launch 24-hour tradingto let its customers buy and sell popular stocks like Tesla and Apple.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 1.65% to $71.36 per barrel.Brent crude, oil\'s international benchmark, dropped 1.28% to $75.43.\n• Goldslipped 0.74% to $2,022.00 per ounce.\n• The yield on the 10-year Treasury dropped 4 basis point to 3.39%.\n• Bitcoin dropped 2.84% to $26,844, while ether fell 3.14% to $1,784.\nRead the original article onBusiness Insider', 'Photo by Spencer Platt/Getty Images US stocks were mostly lower on Thursday after weekly jobless claims jumped to the highest level since October 2021. Initial jobless claims surged by 22,000 to 264,000, which was ahead of estimates for Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $510,103,455,412 - Hash Rate: 336477895.6763853 - Transaction Count: 509159.0 - Unique Addresses: 604937.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: WASHINGTON ― No aspect of the cryptocurrency industry escaped criticism in a scathing report from the White House this week. The White House Council of Economic Advisers delivered a 35-page takedown of the idea that digital assets like Bitcoin are useful as an alternative to government-backed currency, the claim that crypto’s underlying distributed ledger technology could have some utopian application, and the notion that it could serve as a hedge against inflation. “Although the underlying technologies are a clever solution for the problem of how to execute transactions without a trusted authority, crypto assets currently do not offer widespread economic benefits,” the council writes. “They are largely speculative investment vehicles and are not an effective alternative to fiat currency. Also, they are too risky at present to function as payment instruments or to expand financial inclusion.” The extended crypto criticism, which fills one chapter in a book-length annual report the White House sends to Congress each year, represents a stark change in tone from President Joe Biden’s administration. One year ago, Biden signed an executive order asking federal agencies to look at ways of curtailing the risks of crypto without stifling “financial innovation.” This week’s report makes clear the White House thinks crypto can’t innovate much besides the same kinds of financial disasters that prompted Congress to regulate the banking industry a century ago. “The risks presented by crypto assets stem from excessive speculation, high leverage, run risk, environmental harm from crypto asset mining, and fraudulent activities that harm retail investors and corporations,” the report says. The White House also notes that crypto assets “are the standard form of payment extorted from victims of ‘ransomware,’ whereby a malicious actor hacks an organization and demands payment to release control of the victim’s network and often to purportedly forgo leaking the victim’s stolen data.” Story continues The supposed promise of crypto is that it operates on a peer-to-peer network of computers without an institutional intermediary like a bank or a government. In the White House’s view, that is also its fundamental problem. What accounts for the White House’s newfound hostility? Back when Biden issued his executive order, the crypto industry was worth more than $3 trillion and had been flying high, with stars like Tom Brady and Larry David espousing its benefits in Super Bowl advertisements. Since then, crypto has suffered several high-profile embarrassments, such as the collapse of a so-called “stablecoin” and the crypto exchange FTX, whose founder Sam Bankman-Fried allegedly committed all manner of financial crimes in the course of becoming a media darling. In the past year, the industry has lost about two-thirds of its value — meaning people who invested on Brady’s advice likely lost money. Crypto players had hoped Congress might step in and free the industry from strict regulation by increasingly hostile federal agencies like the Securities and Exchange Commission; the White House suggested in its report that no new laws are needed. “Much of the activity in the crypto asset space is covered by existing regulations and regulators are expanding their capabilities to bring a large number of new entities under compliance,” the White House said. The Blockchain Association, an industry lobbying group, said Tuesday it was disappointed by the White House report. “We urge the Biden administration to consider how it will be remembered: as a leader of profound innovation or a roadblock to a global tech revolution,” Blockchain Association CEO Kristin Smith said in a statement . Sen. Cynthia Lummis (R-Wyo.), a leading cheerleader for crypto on Capitol Hill and herself a major crypto investor, also pushed back against the White House report during an interview with HuffPost, saying the White House should support new legislation to regulate the industry. Lummis then held up her Apple iPhone and directed Siri, the phone’s digital voice assistant, to tell her the current market price of a Bitcoin. Siri complied by saying “$28,700.” (An hour later, Bitcoin’s price fell to around $26,800.) “I would suggest commodities have a value and Bitcoin is a commodity,” Lummis said, satisfied by Siri’s answer. “If a person is looking for short-term gain, it’s the wrong asset to be in. Just like other assets, it should be part of a diversified asset allocation. But to suggest it has no economic benefit or value is absolutely wrong.”... - Reddit Posts (Sample): [['u/daytrader24365', '5 Million members', 166, '2023-05-12 02:47', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/', 'I remember when there was not even a million members.....Dying to know the price of Bitcoin when we have 10 Million members', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/', '13f5ngy', [['u/8bitdreamer', 22, '2023-05-12 05:37', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jjtwff7/', 'I remember 60,000', '13f5ngy'], ['u/2plash6', 46, '2023-05-12 06:16', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju0kem/', '5 million is massive, especially compared to the other top subreddits. I never knew Bitcoin on Reddit would be so popular.', '13f5ngy'], ['u/AnOrdinaryMammal', 12, '2023-05-12 06:28', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju1rtp/', 'I still don’t like the whole 1 Bitcoin = 1 Bitcoin thing. \n\n\n1 Bolivar = 1 Bolivar too. It doesn’t explain anything.', '13f5ngy'], ['u/twoplustwoisyellow', 15, '2023-05-12 07:01', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju4xep/', '5 million members. 9 comments. I can go to a sub about pretzels only made in Idaho and get more comments in 15 minutes. We need people actively contributing and getting the ball rolling. This thread is interesting to me but here we are. No one even commenting about it.', '13f5ngy'], ['u/quityourcunting', 13, '2023-05-12 07:39', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju89s8/', 'Idk man. This is the kind of sub that discourages dumb, low effort content. I made a post about having a last call for sub 20k btc when it creeped up from 16k late last year and it was deleted for being a basic post about bitcoin price. I’m guessing Idaho pretzel subs have less stringent standards.', '13f5ngy'], ['u/Farnboroughrd', 24, '2023-05-12 07:50', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jju9787/', 'Bitcoin is my last roll of the dice for financial security for my children,the way things are going here(Australia) inflation (hidden tax) is rising wages haven’t gone up in a decade, electricity is ridiculously expensive, house prices are astronomical, this isn’t how I thought it would be,I thought back in the 70’s that the future would be so much better but it’s not it’s the exact opposite of how it should be.', '13f5ngy'], ['u/FixedGearJunkie', 12, '2023-05-12 16:58', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jjvpuvt/', 'I remember when we hit 1 million. The quality of posts has gone a bit downhill. But I still love this sub.', '13f5ngy'], ['u/BitcoinFan7', 11, '2023-05-12 18:03', 'https://www.reddit.com/r/Bitcoin/comments/13f5ngy/5_million_members/jjvzmvo/', 'The early users were mainly AnCaps and cypherpunks and the discussions were certainly more in depth on topics like economics, libertarianism, and distributed systems. I do miss the meeting of the minds and debate on big ideas but every sub that gains in popularity eventually hits an eternal september where the high level discussions are diluted and the memes proliferate. Not much we can do about it except collectively try to submit more thought provoking content and downvote vapid low effort content.', '13f5ngy']]], ['u/kap89', 'Some perspective on the number of Visa and ACH transfers from my recent r/bitcoin conversation', 19, '2023-05-12 03:12', 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/', "> Any idea how many transactions are dealt with by visa for example?\n\nIn 2022 fiscal year they processed [192.5 billion transactions](https://annualreport.visa.com/financials/default.aspx), so ~6,104 TPS.\n\nThey claimed total capacity of:\n\n* 24,000 TPS in [2010](https://usa.visa.com/run-your-business/small-business-tools/retail.html)\n* 65,000+ TPS in [2017](https://www.visa.co.uk/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf)\n\nSo in general, they should handle all transaction on the fly, with no backlog / mempool.\n\n---\n\n> I guess the difference is that btc transactions are all final settlement, where visa isn’t. I guess I should have asked how many ach bank transfers happen.\n\nWhile it's hard to tell exactly, as there are many clearing houses in the world, here are some stats to give you an idea:\n\n* [US ACH Network](https://en.wikipedia.org/wiki/ACH_Network) in 2018 processed 23 billion transactions, which averages to ~730 TPS,\n\n* [BACS (UK)](https://en.wikipedia.org/wiki/BACS) in 2019 processed 6.5 billion transactions, which averages to ~206 TPS, and while I don't have maximum capacity for any of these institutiions, the linked wiki page mentions maximum transactions processed by BACS in one day as 124 million, which averages to ~1,435 TPS,\n\nIf we approximate from these two data-points (I know, it's a very crude approximation), we would get ~80 million transactions per 1 million citizens per year. Which multiplied by global population would produce ~640 billion transactions per year, which averages to >20,000 TPS, with unknown max capacity (assuming that these system can scale at least to the level of UK record day, you can multiply the final number by at least 7).\n\nOf course economic activity is different in different parts of the world, there are countries where number of ACH transactions is little bigger (probably countries like Japan and South Korea), or much lower (parts of Africa), but as a _future_ world currency, Bitcoin will have to tackle these numbers eventually.", 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/', '13f67k8', [['u/Nutmeg92', 14, '2023-05-12 05:41', 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/jjtwuuj/', 'It’s fine, it’s a free market, you can just bid 1000$ to get your grocery payment through in less than 6 hours.', '13f67k8'], ['u/b0b89', 14, '2023-05-12 08:35', 'https://www.reddit.com/r/Buttcoin/comments/13f67k8/some_perspective_on_the_number_of_visa_and_ach/jjucsan/', "You fools you forgot how Bitcoin works. 🙄\n\nYou're focused on the current endless growth of capitalism. A constantly growing number of people buying more and more things. \n\nBitcoin outsmarts the problem. Instead of scaling capacity up it scales demand down. 😎\n\nBy causing an environmental catastrophe that renders much of the earth 🌎 uninhabitable 😳\n\nWho's gonna need thousands of transactions a second when the population is 800 people mostly farming teff and scavenging the ewaste dumps", '13f67k8']]], ['u/Hellboymeep', 'Remaining Music Left (Updated)', 189, '2023-05-12 04:03', 'https://www.reddit.com/r/LilPeep/comments/13f7d5t/remaining_music_left_updated/', 'Hello everyone: To put it short, i decided to make a updated version of this list after such a long time, now that so much material have both been discorvered, released & leaked :)\n\nNow for this post, im only gonna do stuff that haven\'t been heard fully before as i feel like its way more interesting just reading about the unheard stuff, other than stuff that is heard, just not on streaming platforms.\n\nAlso im sorry that around the bottom, there is barely any pics and only links to imgur, however its due to reddit only allowing to post 20 pictures and 5 videos per post.\n\nI will put everthing in yearly order starting with remaining songs on remaining projects, then going to singles & music videos.\n\nI have a pretty strong feeling im missing something, so if there is anything im missing, feel free to comment it below so i can get it added!\n\n\n\nQuick note: I do NOT condone or support the people leaking peeps music, im just posting it on here so that everyone that wants to hear it can. \n\nAlso a short message for Liza, if you see this and want me to take down the links for the leaked stuff, please feel free to comment it under the post, or dm me, and ill will get it all taken down! I never want to be disrespectful in any way🙏❤️\n\n\n\n# Projects:\n\n*GRXXNGHOSTEXENPEEP:\n\nCover: Unknown\n\nTracklist: Unknown\n\nProducer(s): Unknown\n\nDescription: GRXXNGHOSTEXENPEEP was a project that made during the early schemmaposse era in 2016 maybe even a little bit in 2015. In a [Instagram Post](https://www.instagram.com/p/COEY-MSHV4T/) by Jgrxxn he goes over some of his unreleased stuff, (Mainly beats) and we can see the name of the project when he scrolls down. \n\nIn the replies someone asked about what it was, and Jgrxxn said it was a project they were working on. When someone asked if it was lost he said: \'\'Got verses here and there\'\'. Other than that no one knows if its ever gonna release or get heard.\n\n\n\n\n\n\n\nPEEP X CRAIG XEN MIXTAPE:\n\n[Cover For The Peep X Craig Xen Tape, confirmed in dms with Nar On The Track](https://preview.redd.it/5k6za95uq8za1.png?width=709&format=png&auto=webp&v=enabled&s=c4c27d9070f6dfb6f05e8e0440542521e82f2202)\n\nTracklist: \n[Unbreakable](https://youtu.be/Lc68FuxwkJs) \n(Rest unknown)\n\nProducer(s): Nar On The Track\n\nDescription: The peep x craig xen mixtape was recorded in between late 2015 and early 2016. The Mixtape is produced entirely by \'\'Nar on the track\'\'. In a now deleted tweet on 06/27/2017, Nar On The Track posted saying. \'\'This @ Craigxen x @ lil peep tape fully produced by me was pose to be out a year ago\'\'. \n\nIn 2021/2022, a person reached out to Nar On The Track and asked about the tape. Nar On the track said: \'\'Craig Xen stopped replying to my dms years ago and i never got to meet either so i have no idea what happened to the project.\n\n[Deleted tweet from Nar On The Track](https://preview.redd.it/v1qc9udnq8za1.jpg?width=392&format=pjpg&auto=webp&v=enabled&s=0298b733580390f1e7237e57b1f4a856a6ae1324)\n\n\n\n\n\n\n\nPeep Hart EP:\n\n[When cold hart announced the first single of the EP \\(On The Run\\) This was the cover art he used.](https://preview.redd.it/tx2h7y9bx8za1.jpg?width=640&format=pjpg&auto=webp&v=enabled&s=00ed2d3c4a6b2c61bbcf83920a88ee36e2f35bca)\n\nTracklist: \n[On The Run](https://soundcloud.com/coldhart/on-the-run-ft-lil-peep-prod-by-loudmouth-kk) \n(Rest Unknown)\n\nProducer(s): Loudmouf Kang\n\nDescription: The Peep Hart EP is EP between Peep & Cold Hart that is now scrapped. The First announcment of the EP was a [Tweet](https://twitter.com/Lilpeep/status/709471602157555713?ref_src=twsrc%5Etfw) from March 14, 2016, uploaded by peep stating he was working with Cold Hart on a EP, called Peep Hart. On april 12, 2016 Cold Hart [Tweeted](https://twitter.com/Coldh4rt/status/719818160371728384?ref_src=twsrc%5Etfw) the announcment of the first song off the ep, which released on soundcloud as a single which is \'\'On the Run\'\' \n\nNothing more came out from the ep, and the rest of the songs from peep & cold hart would all just release as singles.\n\n\n\n\n\n\n\nHate Me - EP\n\n[Cover for the Hate Me EP](https://preview.redd.it/dceyt0aor8za1.jpg?width=327&format=pjpg&auto=webp&v=enabled&s=30e9a1a0a9c14bdd0ac599af2b20536668c42226)\n\nTracklist (No Specific Order): \nLooking For You \n[Hate Me (Original/Demo)](https://soundcloud.com/faygo_is_gone/lil-peep-hate-me-og-demo-prod) \n[Spotlight (Original/Demo)](https://www.youtube.com/watch?v=U665xHrHa6Q)\n\nProducer(s): Smokeasac & Lars Stalfors\n\nDescription: The Hate Me EP was entirely recorded in 2016, when FAE requested peep to make more radio-friendly songs. Smokeasac would say in a ALT PRESS interview that the EP would release at some point, and he also gave some info about Hate me:\n\n[What Smokeasac said in the ALT PRESS interview](https://preview.redd.it/k7qpf28fu8za1.png?width=750&format=png&auto=webp&v=enabled&s=3f0845a365985e103aab73bc3e7cc1d0feacc0a8)\n\nMost noteably, Smokeasac mentioned the EP would be out at some point in time.\n\nThe only song we need to hear from the EP is \'\'Looking For You. In late december 2021 a youtube account called \'\'Dj Not Goth\'\' uploaded a live show with the DJ playing the full song. Which now we have the full song in low quality.\n\n\n\n\n\n\n\nPeep X Smokepurpp EP\n\nCover: No Official Cover\n\nTracklist: \n[smokepurpp on a bean](https://soundcloud.com/lil_peep/smokepurpp-on-a-bean-prod-willie-g) , \n[Nobody](https://soundcloud.com/leonid-gorin-481650986/lil-peep-smokepurpp-nobody-prod-metro-boomin-leni-edit) \n(Rest Unknown)\n\nProducers: Willie G, Sonny Digital, Metro Booming & Southside.\n\nDescription: The Peep x Smokepurpp EP was most likely recorded late 2016, on the WHEN THE LEAN RUNS OUT tour with hosted by Fat Nick. \n\nA couple of years ago, Smokepurpp would reply in a discord chat, that the tape would most likely not get released. A comment on reddit would say: \'\'According to smoke purp, the songs are on peeps ipjone, meaning he\'s (peep) is/was the only one to have the song\'\'. Liza replied saying \'\'Well...the iPhone changed...\'\' \n\nIts not yet 100% sure if the last song(s) are safe somewhere. For now we can only hope.\n\n\n\n\n\n\n\nHigh Fashion (Original Version)\n\nCover: No Official Cover\n\nTracklist: \n[Old Me (Original/Demo)](https://youtu.be/Y8vNLoT7XqE) \n[Living Rooms (Original/Demo)](https://youtu.be/59tucjOO5Cw) \n[Choose (Original/Demo)](https://soundcloud.com/user-698694071/lil-peep-spotlight-og?si=9c4c60bd108a42e8a136d36852558ecb&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing) \nUnknown song with BB Sun \nResting ([Snippet](https://www.youtube.com/shorts/i2oGy7yZXW4)) \n[Shine](https://youtu.be/Ed0kWAC6-HE)\n\nProducer(s): Harry Fraud\n\nDescription: Not much to say, the songs without features were all recorded with Harry Fraud in his studio around january of 2017. The songs on the \'\'original\'\' EP, is just the first versions that later would get mixed to being high fashion now. Of all songs, Old me is the only song that wasn\'t \'\'meant\'\' for the EP, it is actually a 2015 peep song, that the stems were used from to create old me :)\n\nThe rest of material we need from the EP, is the song with BB Sun, which he spoke about in a couple of [Tweets](https://twitter.com/BIGBADBOLO_/status/1292561781693407232?ref_src=twsrc%5Etfw) , He also mentioned in another [Tweet](https://twitter.com/BIGBADBOLO_/status/931270397328158720) after peeps passing that their song never got finished which could also be a reason for the song not releasing officially with the rest of high fashion.\n\nResting is most likely a solo peep song, that we sadly don\'t really have much info on. The person that originally posted the snippet said at a later date, that resting is actually not the Peep X Trippie Redd song. \n\n[Shine](https://youtu.be/Ed0kWAC6-HE) is the last song that we know of when it comes to the original Peep X Harry Fraud EP. The song is the Trippie Redd Open Verse, that peep was put on, by the label which was meant to be their song together. According to Trippie in a instagram livestream he didn\'t even know anything about it.\n\nNote: Trippies part of the song is almost if not 100% real. But peeps vocals of the song is put together ON the open verse by hackers. However its still most likely that instrumental used etc.\n\n\n\n\n\n\n\nWYTE CHYNA (Peep X KirbLaGoop Mixtape)\n\n[Cover for the mixtape with KirbLaGoop](https://preview.redd.it/qi1loebgf9za1.png?width=808&format=png&auto=webp&v=enabled&s=9fc62a3ed9f8d4bf1c3f593c18015e2afcb5e1f2)\n\nTracklist: \n[Freebeez](https://soundcloud.com/kirblagoop/freebeez-x-lil-peep-prodpentagrvm) \n(Rest Unknown)\n\nProducers: Pentagrvm , (Rest Unknown)\n\nDescription: When it comes to WYTE CHYNA there is barely any info to work with. It was recorded in early 2017, most likely around febuary-march when peep also started working on the first tracks for COWYS.\n\nThe amount of songs on the tracklist is unknown and KirbLaGoop has barely talked about it. The only time he ever mentioned the tape, was in a instagram story saying it would never release.\n\n\n\n[Kirbs Instagram story.](https://preview.redd.it/57suqgobg9za1.png?width=1170&format=png&auto=webp&v=enabled&s=766aa69573e2515c1667a4933e39b3650fef10aa)\n\n\n\n\n\n\n\nCome Over When You\'re Sober/Exit Life, Enter Hell (Original Tracks)\n\n[On June 4th, Peep tweeted \'\'Come Over When You\'re Sober\'\' With This Picture, which has let many people to believe this was gonna be the cover for full length album consisting of the original versions and demos.](https://preview.redd.it/5tu3hkuhh9za1.jpg?width=2048&format=pjpg&auto=webp&v=enabled&s=060d397d3d62f67469d600d3f5f9622c5d914dd0)\n\nTracklist: \n\n3. Better Off (Dying) (Original/Demo) \n\n4. [U Said (Original/Demo)](https://soundcloud.com/user-583290466/lil-peep-poppin-pills-thinkin-about-u) \n\n5. [Leanin\' (Original/Demo)](https://soundcloud.com/user-672083680/lil-peep-leanin-unreleased) \n\n7. Awful Things (Original/Demo)\n\n9. [Problems (Original/Demo)](https://youtu.be/8CmBKCxQKac)\n\n10. [16/Sixteen Lines (Original/Demo)](https://youtu.be/f9DQ3OOV9pY)\n\n12. [White Girl (Original/Demo)](https://soundcloud.com/lilhellboygus/lil-peep-white-girl-og)\n\n[The Brightside (Original/Demo)](https://youtu.be/3N3yhZz6Er0)\n\n[Cry Alone (Original/Demo)](https://youtu.be/rE4dMVP1n24)\n\n[Save That Shit (Original/Demo)](https://youtu.be/HEro90Icr7s)\n\nIDGAF/My Laptop (Blood Leaking) (Original/Demo)\n\nJust In Case\n\nIn The Car/In The Car (Original Version)\n\n[Don\'t Panic (Produced. Smokeasac)](https://youtu.be/2EQ4mPIzUzs)\n\n[Sex With My Ex (Original/Demo)](https://youtu.be/GlomWNQvLOk)\n\n[Runaway (Original/Demo)](https://youtu.be/wgnI_fjgQc8) \\- Now Officially released!\n\nReal You\n\n[Benz Truck (Original/Demo)](https://youtu.be/3rkJ3L5Ce80)\n\n[Fingers (Original/Demo)](https://youtu.be/2ehQ4nsIhf0)\n\n\n\nProducer(s): Smokeasac, Dylan Cooper, Slight, IIVI, MONEYPOSSE & Fish Narc.\n\nDescription: (Some of it taken from Genius Page) - \n\nThe concept of the project was originally a two-part project, “Exit Life” and “Enter Hell”. However, this concept was later replaced by a full-length deluxe album Come Over When Your Sober. \nCome Over When Your Sober, intentionally misspelled, would feature over 20 tracks, all produced by Smokeasac and IIVI. However, the plans changed again, and Peep opted to return to a two-part project and went with Come Over When You’re Sober Pt. 1* and Pt. 2.\n\n The original version of the album got leaked pre-release on Peep’s Soundcloud before the release of Pt. 1, but got deleted immediately.\n\nScreenshots: \n\nhttps://preview.redd.it/k90fu916x9za1.jpg?width=993&format=pjpg&auto=webp&v=enabled&s=ba6d1488ae2a0f934c52a5a48cfa87e33e3a03d6\n\nhttps://preview.redd.it/wkyacb16x9za1.jpg?width=1440&format=pjpg&auto=webp&v=enabled&s=00fcf797f9a64c4ca45344f1b0d1bb3bbfc73d52\n\n\n\nNowadays, we peep fans know, that there are plans for the release of all the original/demo Come over when you\'re sober tracks, and now that the estate finally have all the control over peeps music, and with OG runaway being released, we know Liza is working hard to get them out. Smokeasac which is the \'\'main\'\' producer has also talked about the album a couple of times mentioning it would release sooner than later. [In this recent clip he mentions it will come out.](https://youtube.com/shorts/iMs8bwJN9DA?feature=share)\n\n\n\nDespite most of the album have leaked over time, there is still a good handful of songs that has never leaked or released. One of the most wanted peep songs ever \'\'Just in case\'\' is one of them. SinceWhen would do a [Instagram livestream](https://youtube.com/shorts/iMs8bwJN9DA?feature=share) were he would play a snippet of \'\'In The Car, Don\'t Panic (The Version Produced by Smokeasac), Just In Case & Looking For You.\n\n\n\n*Remaining Original/Demo Version:\n\nAwful Things Original/Demo):* There isn\'t a big difference between the released and Original/Demo Version other than a distored part slightly before Tracy\'s part. He reviewed on it, on a now deleted livestream and also played it at the \'\'day n night\'\' festival. [Snippet from the day n night festival](https://youtu.be/nrxrVxW2WOw)\n\n\n\nBetter Off (Dying) (Original/Demo): Recorded around febuary 2017, the original/demo of better off dying is one of the most wanted COWYS demos that we haven\'t heard in full quality. Peep played the full Original/Demo at nature world in LA, on febuary 25, 2017 at the GBC show.\n\n[Peep playing Better Off Dying (Original/Demo) Live](https://youtu.be/vFGWbtMMJtc)\n\nFun fact, he actually also played the Original/Demo Version of Save That Shit & Problems the same night. [Problems](https://youtu.be/vFGWbtMMJtc) [Save That Shit](https://youtu.be/ArFpbFYBgkc) \n\n\n\nThe Brightside/Club Life (Original/Demo): There a total of 2 demo versions for the brightside, [One that has already leaked](https://youtu.be/3N3yhZz6Er0) and another version with slight bit in mixing known as club life. Club Life has a music video similar to the one released for the official one, its just with difference clips. Wiggy actually uploaded the video on his channel before COWYS, Pt. 1 even released. Due to people having it downloaded, only half of the original song/video has leaked.\n\n[Half of the original Music Video/Song](https://youtu.be/dy_VkrPOJMc)\n\n[Snippet from a instagram livestream were he plays Club Life](https://youtu.be/m1sLWeoPNrU)\n\n\n\nMy Laptop (Blood Leaking)/IDGAF (Original/Demo): Barely anything is known about the original/demo version for IDGAF. We know the name \'\'My Laptop (Blood Leaking)\'\' Comes from when someone uploaded the snippet and it got taken down, and the user that uploaded it, shared a picture of the copyright details for the song and why it was taken down, and it had that name.\n\n[Snippet](https://www.youtube.com/shorts/LcWP19SHKfg)\n\n\n\nUnheard songs remaining from Come Over When You\'re Sober:\n\n\n\n*In The Car\n\n(From Genius Page) - “In The Car” was meant to be on the [Come Over When You\'re Sober, Pt. 2](https://genius.com/albums/Lil-peep/Come-over-when-you-re-sober-pt-2) before it was scrapped posthumously.\n\nThis version of the song has an open verse that is meant for [Lil Tracy](https://genius.com/artists/Lil-tracy), according to [SinceWhen](https://genius.com/artists/Sincewhen), one of Peep’s producers. Another difference in the new version compared to the original is the Post-Chorus, which was put before the chorus in the original track.\n\nBefore Tracy was supposed to be on it, it had no open verse and was finished. Tracy has recorded his part, and for now, it is considered the final version of the song. ([Snippet with Tracy\'s verse](https://www.youtube.com/shorts/kEAtGcr1S-w))\n\nThen there is also the version by Dylan Cooper that leaked in late 2020.\n\nAll the snippets of In The Car: [Snippet 1](https://youtube.com/shorts/iGVEjmtkm8Y?feature=share) , [Snippet 2](https://youtu.be/2xEwX4qysg4) , [Snippet 3](https://youtu.be/IHbF4ftJqyA) . There is more existing snippets of In The Car, however they are deleted from Youtube.\n\n\n\nJust In Case\n\nJust In Case is argueably one of the most wanted peep songs ever.\n\nThe song was recorded before COWYS, Pt. 1 was released and produced by Smokeasac and Dylan Cooper, other than that, there is barely any more info on the song.\n\n[Snippets](https://www.youtube.com/shorts/43caGYu_L2E)\n\n\n\nReal You\n\n(From Genius Page) - “Real You” is an unreleased song made during [Come Over When You’re Sober, pt.1](https://genius.com/albums/Lil-peep/Come-over-when-youre-sober-pt-1) studio sessions somewhere in 2017.\n\nAccording to [Dylan Cooper](https://genius.com/artists/Dylan-cooper), the producer of the song, the track has a similar vibe to another COWYS* song, “[Benz Truck (Гелик)](https://genius.com/Lil-peep-benz-truck-lyrics)”.\n\n\n\n[Dm with Dylan Cooper](https://preview.redd.it/cdkh7p8dr9za1.png?width=1000&format=png&auto=webp&v=enabled&s=fdb3a4f322f7717573633d99d31c7601c0643384)\n\n\n\nHopefully we get the full album one day!\n\n\n\n\n\n\n\n*Lil Peep X Ricky Hil EP\n\n[The only picture with Peep & Ricky together](https://preview.redd.it/lpii32vay9za1.png?width=865&format=png&auto=webp&v=enabled&s=fa16adbac9ec191b972a83bea372347f8244d3c8)\n\nTracklist:\n\n[Toys](https://soundcloud.com/crownvicfasst/ricky-hil-x-lil-peep-toys)\n\nLost In The Mail\n\n(Last One is Unknown)\n\n\n\nProducer(s): Greaf & Ricky Hil\n\nDescription: Around 20th of May 2017, Peep & Ricky would record a 3 song EP together. Other than that there is barely any info on the actual EP itself. If it ever releases no one knows if its gonna be a EP or as singles. [On a periscope live (At around 6 min) Ricky mentions the collab with peep](https://www.pscp.tv/RickyHil/1OyJANXMlyDxb)\n\nOn [This](https://www.reddit.com/r/LilPeep/comments/rua2aw/lil_peep_x_ricky_hil_ep/) Reddit post, Liza mentions in the comments that she doesn\'t have the material needed to release the EP/Singles. The post got made over 1 year ago, and things could have changed since then, but for now no one knows.\n\nThe only 2 songs we know of so far is [Toys](https://soundcloud.com/crownvicfasst/ricky-hil-x-lil-peep-toys) & Lost In The Mail. The 3rd one has no info on it. Toys fully leaked on May 3rd, 2020 and lost in the mail has only leaked in low quality. [Low Quality of Lost In The Mail](https://youtu.be/j9UOs8R64g8) \n\n[Instrumental for Lost In The Mail](https://soundcloud.com/user-860352229/one-for-the-road?in=user-860352229%2Fsets%2Fgreaf-singlesbootleg)\n\n[Sample For Lost In The Mail](https://www.youtube.com/watch?v=ISCThSrtYc8)\n\n\n\n\n\n\n\nPeep & iLoveMakonnen - Diamonds\n\n[This is not the official cover, but it was the one used for the songs when diamonds leaked in April of 2020.](https://preview.redd.it/it16bmjq0aza1.png?width=865&format=png&auto=webp&v=enabled&s=9d5669d71cfbd7873229d6be9617e68b03944877)\n\nTracklist (No specific order):\n\nBallin\n\nHypnotized\n\nI Sell Cocaine\n\nProve My Luv/Love\n\nRent\n\nThat Juice\n\nTwisted (feat. Milkavelli)\n\nI\'ve Been Waiting (Original Version)\n\nSmokin\'\n\nGuilty\n\nBye Bye Baby\n\nDon\'t Lose Focus\n\nIDGAF, Pt. 2\n\nNovember\n\nSidelines\n\nWait In Line\n\nCruise With You\n\nFavorite Drug\n\nDiamond (Piano Freestyle)\n\nFalling Down (Original, With Makonnen)\n\nNasty Names\n\nKiss Me\n\nReally Loving You\n\n\n\nProducer(s) \nBrenton Duvall, fish narc, IIVI, iLoveMakonnen, Mike WiLL Made-It, MONEYPOSSE, Smokeasac, Twice as Nice, Yung Cortex & Zubin\n\n\n\nDescription: Diamonds is the well known unreleased album which most of the full length album got leaked in high quality on april 22-23rd 2020 (Depends on timezone)\n\nThe album was recorded all the way from mid July to late august of 2017 in London. A few of the tracks were still getting worked on by producers and engineers the following months up till peeps passing\n\n(Taking from Genius) - While no final tracklist was ever officially released by Peep nor Makonnen, someone close to the duo privately posted the project to their SoundCloud in a playlist on November 27, 2017, twelve days after Peep passed. This playlist was publicly leaked years later, in April 2020. The tracklist and artwork used for that playlist are reflected on this page. \n\n\n\nThroughout the making of the album a bunch of snippets were surfacing around the internet aswell as a [Album Trailer](https://youtu.be/kA8zoW-X5T0) shot by ILIKEWHEREIMAT.\n\nAround 6 months after the leak Makonnen stated the [The album would never release](https://www.youtube.com/watch?v=jJMc0CUs6iQ), now he is saying the oppisite, and even that [A single from the album is dropping in june!](https://youtube.com/shorts/KqtmHwOKlzw?feature=share) aswell as its coming out soon. Liza has also stated multiple times in reddit comments it will come out!\n\n\n\n\n\n\n\nLil Peep X RiFF RAFF - CRANBERRY VAMPIRES\n\nCover: No official Cover\n\nTracklist: Unknown\n\nProducer(s): Diplo\n\nDescription: There is not much info on the cranberry vampires tape, other than the fact peep & Riff Raff only got to make one song which was produced by Diplo.\n\nhttps://preview.redd.it/m3r7lab94aza1.png?width=1000&format=png&auto=webp&v=enabled&s=b3cead4625c573cfe0651f9e48191a63103483fe\n\n\n\n\n\n\n\n# Singles:\n\nDownDownDown:\n\nDownDownDown was made sometime in 2014 while he was (Supposedly) Still making music under the name Trap Goose. \n\nIts produced by Smokeasac and was the first beat he ever sold to someone. In June 2020 Smokeasac posted a snippet of the song which would make it clear he still has the song.\n\nThere are 2 version of the Instrumental: [Version Number 1](https://traktrain.com/smokeasac?t=89511) [Version Number 2](https://traktrain.com/smokeasac?t=89546)\n\n[Snippet 1 shared by Smokeasac on June 2020](https://youtube.com/shorts/r1mjt0ysk0o?feature=share)\n\n[Snippet 2](https://reddit.com/link/13f7d5t/video/31wax1mhjaza1/player)\n\n\n\nFullmoonflex:\n\nFullmoonflex was made between 2014 and 2015, there is barely any info on it at all. All we have is one snippet, the instrumental aswell as some lyrics.\n\n[FullMoonFlex Snippet](https://youtu.be/HvSOb-9l6uM) [Official Instrumental](https://youtu.be/Z0km68pYzFs) [Lyrics](https://genius.com/Lil-peep-fullmoonflex-lyrics)\n\n\n\n\n\nCanopy:\n\n[Cover](https://preview.redd.it/4drqp58c8aza1.jpg?width=463&format=pjpg&auto=webp&v=enabled&s=e0262ea39bc94abc385c7351ca7cf0dcdd9100b9)\n\nThere is almost no info on Canopy other than it was something peep worked on around April 15th, 2015 which Liza found in his email. And its also produced by Smokeasac :)\n\n[Link To The Feelz Archive, Where You Can Read It](https://lilpeep.com/blogs/archive/feelz)\n\n\n\n\n\nHit:\n\nHit is a unreleased song from 2015 produced by Mike Xanax & John Mello. There was a person on telegram trying to sell some of peeps unreleased 2015 songs and he mentioned \'\'Hit\'\' as one of them. He was also the one that uploaded the first Koopa Troopa snippet we ever heard.\n\n[On This Vk.Com Link You can find the instrumental. Its called \'\'That Is All\'\'](https://vk.com/wall-47710694_4764)\n\n\n\n\n\nAS THE BRIDGES BURNS (feat. $uicideBoy$, OmenXIII & Craig Xen):\n\nAs The Bridges burns is a song peep payed $300 for to $uicideBoy$ for a feature which was confimed by Craig Xen in a tweet, however unfortunately the feature got \'\'taken off\'\' by either Craig Xen Or OmenXIII, which made the song only having $uicideBoy$, OmenXIII & Craig Xen on it. [In this post, a screenshot is posted from a $uicideBoy$ interview about the song](https://www.reddit.com/r/LilPeep/comments/w6by62/i_found_a_interview_with_uicideboy_explaining_why/) \n\n[As The Bridges Burn](https://youtu.be/a4MrlF0078Y)\n\nCurrently no one knows if peep ever recorded his verse. \n\n\n\n[Tweet By Craig Xen](https://preview.redd.it/mxkumh8paaza1.png?width=464&format=png&auto=webp&v=enabled&s=f2cf682a35e89e844e88e767cde2726720ac2e94)\n\n\n\n\n\nDismiss Em:\n\nDismiss Em is a song peep made in 2015, that was never released on his soundcloud. Nothing is really known about it expect that. A remaster of many snippets was published recently.\n\n[Dismiss Em, Remaster Of Snippets](https://youtu.be/wMjZ7cfWepI)\n\n\n\n\n\nNuthing To Lose (feat. OmenXIII):\n\n[Cover Art for Nuthing To Lose](https://preview.redd.it/kqgqfkfgcaza1.jpg?width=2304&format=pjpg&auto=webp&v=enabled&s=d04163caebbad3c6248c791584686fe59c0d106f)\n\nNuthing To Lose is most likely the last song we have from Peep X OmenXII. The Track was originally uploaded to soundcloud on the 30th Of May 2015. It was apparently deleted that same day, and no one got to download it before that. Omen have [Tweeted](https://twitter.com/omenxiii/status/1246629869712101377) he still has the song. \n\n[The announcment of the song made by OmenXIII on twitter](https://twitter.com/omenxiii/status/604487536983969792)\n\n\n\n\n\nEnd My Life (feat. Boy Froot):\n\nEnd My Life is one of the last songs between Peep & Froot. It was recorded in late 2015 and meant for their album [MALL MUSICC](https://soundcloud.com/boyfroot/sets/boy-froot-x-lil-peep-mall-musicc). \n\nAt first people though Boy Froots verse just wasn\'t recorded however he would later say in a instagram DM, he did record it, and that it would never come out. [End My Life, Snippet](https://youtu.be/8auqzphLgaA)\n\n[Boy Froot Stating it will never come out](https://preview.redd.it/b7xvu1dedaza1.png?width=278&format=png&auto=webp&v=enabled&s=10285b8647570d4b847dfec669876e934adc8ada)\n\n\n\n\n\nKoopa Troopa:\n\nKoopa Troopa is a song from 2015. There is barely any info on it, other than its produced by Mike Xanax & John Mello.\n\nIn total we have almost the full song according to many people. \n\n[All Snippets combined](https://youtu.be/uqHSXUNOJcY)\n\nJust like the song \'\'Hit\'\' The instrumental for koopa troopa can be found on the same [VK.Com link, with the name \'\'Gothic Mosque\'\'](https://vk.com/wall-47710694_4764)\n\n\n\n\n\nSick:\n\nSick is song from 2015. It got known alot after a snippet surfaced of peep using the n word in the song. \n\nThere is around 5 different snippets of the song. The Official vocals from the song was actually used in the stem edit \'\'Shine\'\' [Snippet 1](https://youtu.be/wR3t7l_YHOE) , [Snippet 2/Some of the Stems](https://youtube.com/shorts/dKtZUHDD_p8?feature=share) ,[The rest of the snippets combined](https://youtu.be/G1Hwzj71Lfc) [The Official Instrumental](https://youtu.be/0ZQ0uTehhlE)\n\n\n\n\n\nWristcrypanicattack:\n\nWristcrypanicattack is a unfinished song from late 2015 that contains an Open Verse, a Snippet of a remix of this track surfaced on 7th of August 2022.\n\nSo far this is the only snippet abailable of the remix which is done by SPILL. [Announcment tweet from SPILL](https://twitter.com/JAVAHNSPILL/status/675715441038258177) [Wristcrypanicattack Snippet](https://youtu.be/axesMgMtfdw)\n\n\n\n\n\nLil Peep & Supa SortaHuman:\n\nPeep and Supa Sortahuman made a song which got announced in a [Tweet](https://twitter.com/Supa_Sortahuman/status/676871016942018560) on December 15, 2015.\n\nFast forwarding to January 7th 2016 yet again [tweeted](https://twitter.com/Supa_Sortahuman/status/685224124285890560) about it saying it would come out soon, but unfortunately it never came.\n\nAt a later date, probably in 2021, someone dmed supa sortahuman about it, and he said the song got lost in a broken hardrive. [Supa Sortahuman mentioning its lost](https://imgur.com/a/U19qVeS)\n\n\n\n\n\nLil Peep & Jilla Junt:\n\nThere is close to 0 info on this song other than a annoucment on [twitter](https://twitter.com/JiLLA_JUNT1995/status/667805310854107137) by Jilla Junt and that its made in 2015.\n\n\n\n\n\nDrugs On Me:\n\nDrugs on Me (Glorified) Potentially produced by either FoxWedding or Nick Brobak is a song from 2016 which a snippet was shared by Lederrick. \n\nWhen a snippet got taken down from youtube, the person that uploaded that snippet shared the copyright details which confirmed the song name \'\'Glorified\'\'\n\n[Snippet](https://reddit.com/link/13f7d5t/video/jfmmxgi9jaza1/player)\n\n\n\nA person dmed FoxWedding on instagram asking about if its his beat, however FoxWedding is not sure. [Instagram Dm with FoxWedding](https://imgur.com/a/qvubxRT) , [Copyright Info](https://imgur.com/a/ohOXukb)\n\n\n\n\n\nLil Angel:\n\nLil Angel is the last unreleased song produced by Lederrick for peep. \n\nThe first appearnce of existince of the song came from a [Now deleted instagram post](https://imgur.com/a/UBhB9dk) when Lederrick posted a list of unreleased songs. People would spot the song \'\'Lil Angel\'\' By Peep.\n\nOn Febuary 8th, 2019 Lederrick would share a snippet of the song.\n\nLederrick has spoken out multiple times that he is trying to get the song out, and that he is waiting Liza to reply.\n\n[Lil Angel Snippet](https://youtu.be/0GLoTmtaW1k)\n\n\n\n\n\nOn The Highway:\n\nOn The highway was recorded and made during the schemaposse days.\n\nAccording to OmenXIII the track was never recorded, which he said in a twitter reply.\n\nLiza was also asked in a dm if she still had the song, and she said, \'\'yes\'\' that she \'\'believe so\'\' which could mean that she potentially has peeps part.\n\n[Snippet shared on Killstations twitter](https://twitter.com/_killstation/status/931392517689425920)\n\n\n\n\n\n[Twitter Reply](https://preview.redd.it/rh2sdou8naza1.png?width=471&format=png&auto=webp&v=enabled&s=6089fd4bc9ef931f099e4087099ab1ba4c894254)\n\n\n\n\n\nWomen:\n\nPractially no info on, other than the fact its recorded during the crybaby era.\n\n[Women Snippet](https://imgur.com/a/jjSRulm) \n\n\n\n\n\nTrapped In My Mind (feat. Lupo Prospero):\n\nThe song was recorded in febuary 2016 which is when Lupo tweeted [This](https://imgur.com/a/ReIajXx) saying it would be out in march 2016, however it never came out. \n\nLupo even recommend peep to shoot a music video, but that unfortunately never happened.\n\n\n\n\n\nUnheard With Chetta:\n\nChetta said in a [tweet](https://imgur.com/a/Y82uSGz) that he had a unfinshed track with which turns out to be from 2016. Other than that there is nothing really known.\n\n\n\n\n\nUnheard, Produced. Craig Xen:\n\nAgain barely any info to spare, just a song that got announced on June 8th 2016\n\n[Announcment](https://preview.redd.it/qhk1eyoopaza1.png?width=332&format=png&auto=webp&v=enabled&s=0bae2fb647d2a775e2860d0d4f6b57f9922af25b)\n\n\n\n\n\nUnheard With Warhol.SS:\n\nIn a interview with No Jumper Warhol.SS mentions a song with peep. However unfortunately it never came out. [Video](https://youtu.be/GiVFKw0iKjU?t=373)\n\n\n\n\n\nUnheard With Air:\n\nUnknown song by Air with Lil Peep and Yunggoth as features, produced by Smokeasac, made on 17th of September 2016. The video below shows all of them together on that day. (The song playing the in back is NOT the unheard song)\n\n[Peep, Goth, Air & Smoke Together](https://reddit.com/link/13f7d5t/video/7ehbih4gqaza1/player)\n\n\n\n\n\nUnheard With Smokeasac:\n\nSmokeasac made a [Tweet](https://twitter.com/smokeasac/status/811097406037032961) on December 20th 2016, saying he had a unreleased song with peep produced by him and Charlier Shuffler and that he would drop it, if he got 500 retweets. Unfortunately He never got the 500 retweets.\n\n\n\n\n\nLie:\n\nLie is a song produced by GREAF which was most likely recorded in march-april 2017 which is around the same time he recorded no respect which is also produced by Greaf.\n\nOn a instagram livestream on 25th of April 2017, Greaf shared the snippet on a instagram live. \n\n[Lie Snippet](https://youtu.be/kBg3sH685Ps)\n\n\n\n\n\nDeath Wish (feat. Germ):\n\nDeath Wish is the only song between the 2. The official instrumental is already used on another song called \'\'Any more questions\'\' - By Chetta.\n\nOn the comments on a [Instagram Post](https://imgur.com/a/Gz22ook), he says it will never release.\n\n[Death Wish Snippet](https://reddit.com/link/13f7d5t/video/5zh7btc4saza1/player)\n\n\n\n\n\nBuzzin\'/Daggers/Leave Me Alone (faat. Bexey):\n\nBuzzin\' or daggers or Leave Me Alone is almost if not the last unreleased song between peep & bexey. The low quality version leaked on December 8th, 2018. According to the label the song is called Leave Me Alone, despite the fact it was known is Buzzin before.\n\nThe Official instrumental is out for the song.\n\nBexey has said multiple times that the song would never release, but with the recent news, there is some hope.\n\n[Remaster](https://youtu.be/3vZPgZ7gW28) , [Official Instrumental, By Learic Spellman](https://youtu.be/Ac1lhTfDKvI)\n\n\n\n\n\nEverybody Hates Me:\n\nSnippet recorded in Paris. The snippet is from an unknown source, but other than the fact its recorded in 2017 and produced by Learic Spellman we don\'t know anything else about it.\n\n[Everybody Hates Me Snippet](https://reddit.com/link/13f7d5t/video/rv4jnv0ktaza1/player)\n\n\n\n\n\n\n\nReally Loving You:\n\nReally Loving You is most likely one of the last songs from the Diamonds sessions that didn\'t leak with the rest of the album in april 2020.\n\nDue that fact, people started wondering if the song was scrapped from the album, which we will only find out when it releases with the rest of the album.\n\nIn 2018, Makonnen actually played the full song on a [Instagram Livestream](https://youtu.be/TFbiIbwiSww)\n\n\n\n\n\nI Was There:\n\nConsidering it it was apart of the album trailer, its most likely recorded during the diamonds sessions. No one knows if its a solo song or not. [I Was There Snippet](https://imgur.com/a/E5bSGk7)\n\n\n\n\n\nRace Car:\n\nJaxxon revealed on an Instagram comment that he has one unreleased song and that it\'s even better than their previous collab track. In December 2020 he mentioned that the song was possibly coming soon after getting a wave of fans coming into his live and asking him to play it. Unfortunately until now we have no info at all about when the song is being released\n\nThe song contains a Peep verse that was re-used in "I Can\'t Feel My Face" by KirbLaGoop.\n\n[Race Car Snippet](https://imgur.com/a/h8W0Tnr)\n\n\n\n\n\nUnheard With KirbLaGoop & Milkavelli:\n\nThere exist a short 7 second audio of peep telling Milkavelli that he is going to the studio with Kirb that night and that he will send Milkavelli a Open.\n\nNo one fully knows if this was ever recorded or not, however i wouldn\'t expect it too be.\n\n\n\n\n\nUnheard With Celes Karter:\n\n[In This Clip](https://youtu.be/DJjr42oRNk8?t=329) from a No Jumper Vlog, Celes Karter Mentions he had a song he was dropping with peep, however it unfortunately never dropped. \n\n\n\n\n\nTxt Me (feat. Young Era):\n\nThe original version of \'\'Text Me\'\' which is actually CeonRPG\'s song featuring peep and most likely another feature.\n\n[Txt Me Snippets](https://imgur.com/a/N0ueB82)\n\n\n\n\n\nOld Me (Original):\n\nThis version is the original Old Me, that was recorded in 2015. Which later would be turned into the Old Me, for the high fashion EP\n\nMultiple snippets have leaked from this, however i wont share them, due to not wanting to give credit to hackers.\n\n[Official Instrumental](https://youtu.be/fYBfIx3XSxY)\n\n\n\n\n\nHonestly (Original/Demo):\n\nThe Original version of honestly which has sime different mixing and changes to the beat. \n\nThe song was meant for the original hellboy tracklist but got scrapped and released as a single later on.\n\n[Short Clip of peep playing the Original/Demo Live](https://imgur.com/a/WVqEnkV)\n\n\n\n\n\nZZZ (Original/Demo):\n\nThere are clips online from peep playing the song live on instagram, however i couldn\'t find them on youtube :/\n\n\n\n\n\nNot The One (Remix)\n\nRemix of Not The One With SinceWhen made in 2018, there is apparently also a video to it, however its not confirmed. [Not The One (Remix) Snippet](https://imgur.com/a/UxnMjhQ)\n\n\n\n\n\nBenz Truck Orchestra:\n\nA orchestra version made for benz truck in 2018, nothing else is really known about it. Smokeasac shared a snippet of it in 2018 on his instagram story.\n\n[Benz Truck Orchestra Version shared on Smokeasacs instagram story](https://imgur.com/a/jnTPmOy)\n\n\n\n\n\nLife Is Beautiful (Original/Demo):\n\nThe Original/Demo Version for Life is Beautiful, in other worder, just the first mix before it got changed. [Life Is Beautiful (Original/Demo) Snippet](https://imgur.com/a/HMPdAr4)\n\n\n\n\n\n16 Lines (feat. Juicy J):\n\nRemix of 16 Lines which was supposed to feature Juicy J, for the COWYS, Pt. 2 Label concept album, however it got changed. On December 2018, Juicy J revealed he made a feature verse on 16 Lines (COWYS 2 version). \n\n[16 Lines (feat. Juicy J) Snippet](https://youtu.be/616nlz2pKG0)\n\n\n\n\n\nCry Alone (feat. Post Malone/Open Verse)* \n\n\nThere is slight some changes comparing to the released version such as, the instrumental is altered and has a female japanese voice sample in the background.\n\n[The Official Link To The Song](https://dbree.org/v/042a5c)\n\n\n\n\n\n*My Turn (Final):\n\nThe Final Version of my turn which has still not been heard in full quality.\n\nYung Cortex who is the producer has said before it will never release.\n\n[The Final Version in low quality](https://youtu.be/BG-hGlYu-mY)\n\n\n\n\n\nHomecoming Remix:\n\nIn late 2022, Killstation on his social media shared us a snippet of a remix of homecoming. The original song features artists Peep, Ghostemane, Kold-Blooded, OmenXIII, Brennan Savage, JGRXXN and Killstation. The remix is probably only Peep From now, practically nothing is known about this alternative version.\n\n[Homecoming Remix Snippet](https://youtu.be/-xoBJ81q3e4)\n\n\n\n\n\nSongs with 0 Info to them:\n\nUnheard With Mackned\n\nUnheard With Cold Hart & Air\n\nUnheard With Nine Callisto.\n\n\n\n\n\n# Music Videos\n\nLatitude:\n\nLatitude is the oldest music video we know of when it comes to peep. (Other than Keep My Coo). It was recorded in febuary 2014 when peep was living with Brennan Savage in Pasadena, La.\n\nThe official song got leaked back on 25th of March 2021. \n\nIts unsure if Liza has the music video, but we do know Brennan Savage has it\n\n[Snippets of Latitude Music Video](https://imgur.com/a/VpED98a)\n\n\n\n\n\nBackstage Shawty (feat. Nedarb):\n\nAccording to a tweet Nedarb posted back on Febuary 15th 2016 he was recording a music video for his song \'\'Backstage Shawty, on his album \'\'Serenity\'\'\n\nBack in 2020 Nedarb posted on twitter mentioning there wasn\'t a music video and to stop asking him about it. \n\n[Tweets By Nedarb](https://imgur.com/a/yK7EzDK)\n\n\n\n\n\nWalk Away As The Door Slams (feat. Lil Tracy):\n\nYung Cortex confirmed that a Music Video was shot for this song and was stored on his laptop, however, the computer was stolen and they lost the Músic Video. He also mentioned that there was a unheard Peep song on that laptop, it is not sure what is the song, but was probably My Turn.\n\nYung Cortex Said like this in the interview: We made a song that has never been hear by the world ‘cause my computer got stolen that same night. That same night, I left my computer in a backpack on the side of the street and… And that video was up there. And we got an unreleased video for “walk away as the door slams” on that laptop. Someone stole that laptop.\n\n\n\n\n\nP.S. Fuck You Cunt (feat. Fat Nick):\n\nThe Music video was shot on November 4th, 2016 by* [xgianxcarlox](https://www.instagram.com/xgianxcarlox/#). \n\n[Snippet from the Music Video](https://youtu.be/Ww-ayngLYo0)\n\n\n\n\n\n*Liar:* \n\nThe music video for Liar was shot in Early 2017 by Sus Boy. Sus Boy made a post proving the existence of the music video. Fish Narc also commented on the situation in late 2020.\n\nA fan also met peep in the middle of recording.\n\n[Fan meeting them in the middle of recording + Sus Boy Post](https://imgur.com/a/hGbfbaX)\n\n[Fish Narc Tweet 1](https://twitter.com/fish_narc/status/1304247355395289089)\n\n[Fish Narc Tweet 2](https://twitter.com/fish_narc/status/1304247097797926913)\n\n\n\n\n\nCry Alone (Original/Demo)\n\nThe original Music Video for Cry Alone was teased by Peep\'s team on his social medias on October 2018, however they remixed the song when COWYS, Pt. 2 Officially came out. \n\n[Peeps Team teasing the video](https://twitter.com/Lilpeep/status/1052213200379371520?s=20)\n\n[Max Beck](https://twitter.com/MaxDotBam) (Photographer for the music video) said in a tweet he wanted to release the original video, however he didn\'t have the proper permission however he wants to release it if he can.\n\n[Cry Alone (Original/Demo) Snippets](https://imgur.com/a/PmCnOlx)\n\n\n\n\n\n*The Brightside/Club Life (Original/Demo):*\n\nThere a total of 2 demo versions for the brightside, [One that has already leaked](https://youtu.be/3N3yhZz6Er0) and another version with slight bit in mixing known as club life. Club Life has a music video similar to the one released for the official one, its just with difference clips. Wiggy actually uploaded the video on his channel before COWYS, Pt. 1 even released. Due to people having it downloaded, only half of the original song/video has leaked.\n\n[Half of the original Music Video/Song](https://youtu.be/dy_VkrPOJMc)\n\n[Snippet from a instagram livestream were he plays Club Life](https://youtu.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['A bright light illuminated the non-fungible tokens scene this week, but was it a near-death experience for NFTs or a beacon of hope? Like a moth to the flame, I\x92m drawn in to investigate. Maybe it\x92s liquidity freshly in traders\x92 hands from Blur\x92s new Blend lending protocol, or perhaps those sweet $PEPE and $TURBO gains are finally trickling back to NFTs, but NFTs just had their best single day of sales since mid-March. It\x92s actually pretty simple to see what happened. The weather in NFTs has been perfect, with good news from established projects, hot tech, a bit of money in traders\x92 pockets from trading meme coins, and a well-timed tweet from none other than the current (and soon-to-be former) chief executive officer of Twitter, Elon Musk. pic.twitter.com/4s6HwnCY74 \x97 Elon Musk (@elonmusk) May 10, 2023 Nobody knew that Musk was preparing a rocket launch this week, but that\x92s exactly what happened when he tweeted a meme from the Milady\xa0Maker\x92s NFT community that has now been viewed over 32 million times. Sales of Milady NFTs exploded and carried the rest of the market with them to a height of US$217 million in sales volume this week. Milady NFT CryptoSlam chart Binance integrated Bitcoin NFTs into their marketplace, giving Ordinals a new way to reach the masses without needing to be a technical wizard to trade them. NFTs on the OG blockchain were red hot, with a new flavor of Ordinal called BRC-20s picking up momentum. BRC-20s are Bitcoin\x92s version of Ethereum\x92s meme coins, but at their core, they\x92re also like an NFT collection. We\x92ll give a technical breakdown of these new Bitcoin Ordinals in a future edition of On Deck. The Bitcoin ecosystem seems to be in \x93up only\x94 mode right now, and when that will end, nobody knows. Ribbit. Bitcoin-Ordinals CryptoSlam chart The Pudgy Penguins project had two announcements this week that added to their feel-good story. First, they announced a new partnership with WME talent agency that brings them closer to movies, games, and other mainstream entertainment. Then the adorable crew followed that up with an announcement that they had raised US$9 million in seed funding. Not bad for a project that was circling the drain before being purchased by the marketing master Luca Schnetzler (Gel Blaster, Vibe Body Care, Cookies n Kicks). Story continues The Pudgy Penguins\x92 NFT sales probably didn\x92t have much of an impact on the market, but the positive news coming in the thick of a bear market was a welcomed bright spot that just for a moment reminded us all that there is real growth happening here. Pudgy Penguins CryptoSlam chart Here\x92s where things get interesting, and if you are a regular reader of On Deck, you already know this re-occurring topic. The Forkast 500 NFT Index reflects the NFT market losing over 8% this week. Yes, high gas fees are largely to blame, but we can\x92t minimize the effect that the NFT casino continues to play. Traders are still trading the way we\x92ve come to expect, as out with the old and in with the new has become the degen\x92s creed. Established projects have continued to lose value and volume, as traders favor the newest drops and the hottest trends.', 'A bright light illuminated the non-fungible tokens scene this week, but was it a near-death experience for NFTs or a beacon of hope?\nLike a moth to the flame, I’m drawn in to investigate.\nMaybe it’s liquidity freshly in traders’ hands from Blur’s new Blend lending protocol, or perhaps those sweet $PEPE and $TURBO gains are finally trickling back to NFTs, but NFTs just had their best single day of sales since mid-March.\nIt’s actually pretty simple to see what happened. The weather in NFTs has been perfect, with good news from established projects, hot tech, a bit of money in traders’ pockets from trading meme coins, and a well-timed tweet from none other than the current (and soon-to-be former) chief executive officer of Twitter, Elon Musk.\nNobody knew that Musk was preparing a rocket launch this week, but that’s exactly what happened when he tweeted a meme from theMilady\xa0Maker’sNFT community that has now been viewed over 32 million times. Sales of Milady NFTs exploded and carried the rest of the market with them to a height of US$217 million in sales volume this week.\nBinance integrated Bitcoin NFTs into their marketplace, giving Ordinals a new way to reach the masses without needing to be a technical wizard to trade them. NFTs on the OG blockchain were red hot, with a new flavor of Ordinal called BRC-20s picking up momentum. BRC-20s are Bitcoin’s version of Ethereum’s meme coins, but at their core, they’re also like an NFT collection. We’ll give a technical breakdown of these new Bitcoin Ordinals in a future edition of On Deck.\nThe Bitcoin ecosystem seems to be in “up only” mode right now, and when that will end, nobody knows. Ribbit.\nThe Pudgy Penguins project had two announcements this week that added to their feel-good story. First, they announced a new partnership with WME talent agency that brings them closer to movies, games, and other mainstream entertainment. Then the adorable crew followed that up with an announcement that they had raised US$9 million in seed funding. Not bad for a project that was circling the drain before being purchased by the marketing master Luca Schnetzler (Gel Blaster, Vibe Body Care, Cookies n Kicks).\nThe Pudgy Penguins’ NFT sales probably didn’t have much of an impact on the market, but the positive news coming in the thick of a bear market was a welcomed bright spot that just for a moment reminded us all that there is real growth happening here.\nHere’s where things get interesting, and if you are a regular reader of On Deck, you already know this re-occurring topic. TheForkast 500 NFT Indexreflects the NFT market losing over 8% this week.\nYes, high gas fees are largely to blame, but we can’t minimize the effect that the NFT casino continues to play. Traders are still trading the way we’ve come to expect, as out with the old and in with the new has become the degen’s creed. Established projects have continued to lose value and volume, as traders favor the newest drops and the hottest trends.', '• US stocks slid on Friday as traders assessed the outlook on the debt ceiling crisis and recession odds.\n• All three indexes ended lower, with the S&P 500 notching its second straight losing week.\n• Meanwhile, Fed Governor Michelle Bowman floated another possible rate hike as inflation is still high.\nUS stocks slid Friday as investors assessed the outlook on the US debt ceiling crisis. All three major indexes ended the day lower, with the S&P 500 notching its second straight losing week.\nPresident Joe Biden was scheduled to meet with other lawmakers on Friday to discuss a possible solution to the debt ceiling crisis, though talks have been postponed until next week. Congress now has just a few weeks to raise the national debt limit before the government could potentially run out of money, perTreasury Secretary Janet Yellen\'s estimate.\nFederal Reserve Governor Michelle Bowman also floated the possibility that the Fed may issue another interest rate hike to tackle high inflation, raising further fears that tighter Fed policy could spark a recession.\nThe University of Michigan consumer sentiment survey dipped to 57.7 in May, its lowest level in six months. Meanwhile, inflation expectations over the next five years rose to 3.2%, the highest level the survey recorded since 2008.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,124.12, down 0.16%\n• Dow Jones Industrial Average:33,300.62, down 0.03% (8.89 points)\n• Nasdaq Composite:12,284.74, down 0.35%\nHere\'s what else is going on:\n• The debt ceiling crisis is "pathetic"since government revenue is near a record high, according to top economist David Rosenberg.\n• Gold jumped ahead of stocksas Americans\' preferred long-term investment.\n• Mega-cap stocks face a bigger sell-offas a recession looms, JPMorgan warned.\n• Dollar dominance is stronger because of sanctions, not weaker, a former US Treasury official said.\n• Big banks could cover 95% of the cost to refill the $16 billion holeblown in the FDIC\'s deposit insurance fund.\n• A recession and a credit crunch could result in $1 trillionof corporate debt defaults, Bank of America warned.\n• Elon Musk stepping down as Twitter CEOmay only be partly positive for Tesla investors, Gene Munster said.\n• Margin debt used to buy stocks has plungedby $329 billion as investors de-risk their exposure to the stock market.\nIn commodities, bonds, and crypto:\n• Oil prices fell.West Texas Intermediatewas down 1% to $70.14 a barrel.Brent crude, the international benchmark, dropped 1% to $74.24 a barrel\n• Goldlost 0.16% to trade at $2,017.10 per ounce\n• The10-year Treasury yieldrose six basis points 3.46%\n• Bitcoinslipped 1.34% to $26,481\nRead the original article onBusiness Insider', 'Brendan McDermid/Reuters US stocks slid on Friday as traders assessed the outlook on the debt ceiling crisis and recession odds. All three indexes ended lower, with the S&P 500 notching its second straight losing week. Meanwhile, Fed Governor Michelle Bowman floated another possible rate hike as inflation is still high. US stocks slid Friday as investors assessed the outlook on the US debt ceiling crisis. All three major indexes ended the day lower, with the S&P 500 notching its second straight losing week. President Joe Biden was scheduled to meet with other lawmakers on Friday to discuss a possible solution to the debt ceiling crisis, though talks have been postponed until next week. Congress now has just a few weeks to raise the national debt limit before the government could potentially run out of money, per Treasury Secretary Janet Yellen\'s estimate . Federal Reserve Governor Michelle Bowman also floated the possibility that the Fed may issue another interest rate hike to tackle high inflation, raising further fears that tighter Fed policy could spark a recession. The University of Michigan consumer sentiment survey dipped to 57.7 in May, its lowest level in six months. Meanwhile, inflation expectations over the next five years rose to 3.2%, the highest level the survey recorded since 2008. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,124.12, down 0.16% Dow Jones Industrial Average : 33,300.62, down 0.03% (8.89 points) Nasdaq Composite : 12,284.74, down 0.35% Here\'s what else is going on: The debt ceiling crisis is "pathetic" since government revenue is near a record high, according to top economist David Rosenberg. Gold jumped ahead of stocks as Americans\' preferred long-term investment. Mega-cap stocks face a bigger sell-off as a recession looms, JPMorgan warned. Dollar dominance is stronger because of sanctions , not weaker, a former US Treasury official said. Big banks could cover 95% of the cost to refill the $16 billion hole blown in the FDIC\'s deposit insurance fund. A recession and a credit crunch could result in $1 trillion of corporate debt defaults, Bank of America warned. Elon Musk stepping down as Twitter CEO may only be partly positive for Tesla investors, Gene Munster said. Margin debt used to buy stocks has plunged by $329 billion as investors de-risk their exposure to the stock market. Story continues In commodities, bonds, and crypto: Oil prices fell. West Texas Intermediate was down 1% to $70.14 a barrel. Brent crude , the international benchmark, dropped 1% to $74.24 a barrel Gold lost 0.16% to trade at $2,017.10 per ounce The 10-year Treasury yield rose six basis points 3.46% Bitcoin slipped 1.34% to $26,481 Read the original article on Business Insider', "Welcome to This Week in the Metaverse, whereFortunerounds up the most interesting news in the world of NFTs, culture, and the metaverse. [email protected] tips.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAre you curious what the metaverse smells like? Chinese researchers may have the answer, according to a new paper in the journalNature Communications. The researchers tested a wearable device that attaches to a person's upper lip and can heat scented wax in seconds to generate smells for people in virtual reality, as reported byThe Daily Beast.\nThey already have 30 different scents, including pineapple, rosemary, mint, watermelon, vanilla, coffee, ginger, strawberry, and lavender.\nIn a video example, researchers used the device to simulate smelling flowers.\nhttps://www.youtube.com/watch?v=uUDaMi6GtMI\nIt's unclear what practical uses the technology might have—especially since adoption of the technology has slowed and the de facto leader in the space, Meta, has shifted priorities—but the research brings new meaning to immersion in a VR-based metaverse world.\nDespite the slowdown in NFT sales last year and the collapse of FTX, the NFT market has continued growing, according todata from DappRadar.\nThe number of daily unique active wallets that interacted on-chain with dapps has increased by 50% since 2021, and the average in 2022 was 2.37 million daily unique active wallets. NFT marketplaces and dapps have kept up too, growing by 18% over the past 12 months.\nElon Musktweeted a meme that featured the NFT projectMiladyand it quicklyskyrocketed as much as 60%. The NFT project is controversial because of statements made by its founders. Musk has previously caused the memecoinDogecointo spike in value with his tweets.\nTurbo, the memecoin created by digital artistRhett Mankindalmost entirely with A.I. chatbot GPT-4, jumped into the top 300 cryptocurrencies onCoinGeckoon Wednesday before retreating. The cryptocurrency was the 414th biggest as of Friday, with a market cap of $50 million. Mankind still owns 10% of the 69 billion tokens.\nBinancesaid it would add support forOrdinals, or Bitcoin NFTs, this week as the new tech has pushed transactions on the network to all-time-highs.Binancealso said it would let its users buy the Bitcoin NFTs directly from their Binance accounts. The changes are supposed to go into effectby the end of May, the company said.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", "Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home Are you curious what the metaverse smells like? Chinese researchers may have the answer, according to a new paper in the journal Nature Communications . The researchers tested a wearable device that attaches to a person's upper lip and can heat scented wax in seconds to generate smells for people in virtual reality, as reported by The Daily Beast . They already have 30 different scents, including pineapple, rosemary, mint, watermelon, vanilla, coffee, ginger, strawberry, and lavender. In a video example, researchers used the device to simulate smelling flowers. https://www.youtube.com/watch?v=uUDaMi6GtMI It's unclear what practical uses the technology might have—especially since adoption of the technology has slowed and the de facto leader in the space, Meta, has shifted priorities—but the research brings new meaning to immersion in a VR-based metaverse world. Spotlight on NFTs Despite the slowdown in NFT sales last year and the collapse of FTX, the NFT market has continued growing, according to data from DappRadar . The number of daily unique active wallets that interacted on-chain with dapps has increased by 50% since 2021, and the average in 2022 was 2.37 million daily unique active wallets. NFT marketplaces and dapps have kept up too, growing by 18% over the past 12 months. In other news Elon Musk tweeted a meme that featured the NFT project Milady and it quickly skyrocketed as much as 60% . The NFT project is controversial because of statements made by its founders. Musk has previously caused the memecoin Dogecoin to spike in value with his tweets. Story continues pic.twitter.com/4s6HwnCY74 — Elon Musk (@elonmusk) May 10, 2023 Turbo , the memecoin created by digital artist Rhett Mankind almost entirely with A.I. chatbot GPT-4 , jumped into the top 300 cryptocurrencies on CoinGecko on Wednesday before retreating. The cryptocurrency was the 414th biggest as of Friday, with a market cap of $50 million. Mankind still owns 10% of the 69 billion tokens. Courtesy of Rhett Mankind Binance said it would add support for Ordinals , or Bitcoin NFTs, this week as the new tech has pushed transactions on the network to all-time-highs. Binance also said it would let its users buy the Bitcoin NFTs directly from their Binance accounts. The changes are supposed to go into effect by the end of May, the company said . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", "An A.I.-generated song featuring a “collaboration” between Drake and The Weeknd turned up on streaming services and TikTok last month, quickly racking up millions of listens. In response, Universal Music Group, which represents the musicians, issued an agitated statement, and then, as the song turned up on other platforms, embarked on a legal whack-a-mole campaign in a bid to put the A.I. cat back in a bag.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAll of this came even as the legal status of the song remains unclear. Some music business veterans argue the song was functionally no different than a remix, while others decried it as a dangerous new paradigm. Rarely does a video made by a random handle create such uproar.\nThen there's Grimes, who may not be as famous as fellow Canadian Drake, but is a critically acclaimed musician in her own right. Grimes, who is not affiliated with any record label, announced she will use that relative freedom toperform a radical experimentcalled “Elf.Tech.” Using A.I., Elf.Tech allows users to generate a Grimes-style work with their own inputs. In return, all Grimes asks is for tasteful use of their now-open-source talent and a 50% cut on any master recording royalties.\nBecause the cost of producing high-quality music has dropped precipitously with advancements in A.I., the race to design a new distribution model is afoot. Currently, platforms must obtain permissions from both publishers and labels to play a song—in most instances, the label owns the sound recording while the publisher controls the underlying music and lyrics. In Grimes’s case, she could be the performer and also own the sound recording.\nTellingly, the first prompt on Elf.Tech asks users to connect to an email account or a cryptocurrency wallet. Presumably, the platform anticipates using blockchain and crypto to help enforce the suggested royalty split.\nUnfortunately, as veterans of the NFT space know, while smart contractshave the potentialto create a more efficient royalties system, the reality is that the process remains messy since NFT marketplaces circumvent the rules. Nonetheless, many maintain hope a cultural or technical innovation—likely tied to crypto—will emerge to help artists enjoy a fairer compensation system.\nThough technology doesn’t exist to enforce it yet, my long-term bet is that Grimes’s approach will prevail over Universal’s. The reason is that the challenges of generative A.I. have striking parallels to those of another disruptive technology: open-source software.\nAll software began as “open source.” Software vendors would provide their clients with their source code, the human-readable version of the software that's then transformed into machine code before it's executed. Tinkerers and computer scientists would modify software, learn from it, and share ideas. As the field commercialized, source code became closely protected, like a trade secret. While companies made handsome profits exerting copyright over their code, allowing for additional investments, the downside was a less cooperative environment.\nThe open-source movement, a reaction to ever-tighter controls over software, promoted the release of source code under permissive licenses to foster the tinkering, sharing of ideas, and collaboration seen in the field's early days. Today, open-source projects range from small hobbyist efforts to large-scale projects such as the Linux kernel, which is deployed in billions of devices around the world.\nIn similar fashion, traditional music publishers and labels thrived in a world where counterparties and IP were tightly controlled. Their moat was legal agreements that could hamstring pirates and, in some unfortunate cases, the artists themselves. As experimentation from pseudonymous creators—including those who deploy A.I.—shifts the balance of power from this model, artists will have to find new ways to engage with the increasing commoditization of their work.\nBitcoin, the first successful cryptocurrency, succeeded in large part because it was open-sourced. Alternatives to centralized institutions that issue credit require a radically transparent, queryable code base to stand apart. Early enthusiasts trusted the outcome of the Bitcoin ledger because they trusted the process, and because they could check it themselves. Today’s music pioneers would be smart to take note.\nThe next few years will see more explicit separation of designing versus controlling music production. To that end, Grimes’s experiment is a worthy exercise pushing the limits of a multibillion-dollar business and our burgeoning world of open-sourced talent.\nKathleen Breitmanis a cofounder ofTezos. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", "An A.I.-generated song featuring a \x93collaboration\x94 between Drake and The Weeknd turned up on streaming services and TikTok last month, quickly racking up millions of listens. In response, Universal Music Group, which represents the musicians, issued an agitated statement, and then, as the song turned up on other platforms, embarked on a legal whack-a-mole campaign in a bid to put the A.I. cat back in a bag. More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home All of this came even as the legal status of the song remains unclear. Some music business veterans argue the song was functionally no different than a remix, while others decried it as a dangerous new paradigm. Rarely does a video made by a random handle create such uproar. Then there's Grimes, who may not be as famous as fellow Canadian Drake, but is a critically acclaimed musician in her own right. Grimes, who is not affiliated with any record label, announced she will use that relative freedom to perform a radical experiment called \x93Elf.Tech.\x94 Using A.I., Elf.Tech allows users to generate a Grimes-style work with their own inputs. In return, all Grimes asks is for tasteful use of their now-open-source talent and a 50% cut on any master recording royalties. Because the cost of producing high-quality music has dropped precipitously with advancements in A.I., the race to design a new distribution model is afoot. Currently, platforms must obtain permissions from both publishers and labels to play a song\x97in most instances, the label owns the sound recording while the publisher controls the underlying music and lyrics. In Grimes\x92s case, she could be the performer and also own the sound recording. Tellingly, the first prompt on Elf.Tech asks users to connect to an email account or a cryptocurrency wallet. Presumably, the platform anticipates using blockchain and crypto to help enforce the suggested royalty split. Story continues Unfortunately, as veterans of the NFT space know, while smart contracts have the potential to create a more efficient royalties system, the reality is that the process remains messy since NFT marketplaces circumvent the rules. Nonetheless, many maintain hope a cultural or technical innovation\x97likely tied to crypto\x97will emerge to help artists enjoy a fairer compensation system. Though technology doesn\x92t exist to enforce it yet, my long-term bet is that Grimes\x92s approach will prevail over Universal\x92s. The reason is that the challenges of generative A.I. have striking parallels to those of another disruptive technology: open-source software. All software began as \x93open source.\x94 Software vendors would provide their clients with their source code, the human-readable version of the software that's then transformed into machine code before it's executed. Tinkerers and computer scientists would modify software, learn from it, and share ideas. As the field commercialized, source code became closely protected, like a trade secret. While companies made handsome profits exerting copyright over their code, allowing for additional investments, the downside was a less cooperative environment. The open-source movement, a reaction to ever-tighter controls over software, promoted the release of source code under permissive licenses to foster the tinkering, sharing of ideas, and collaboration seen in the field's early days. Today, open-source projects range from small hobbyist efforts to large-scale projects such as the Linux kernel, which is deployed in billions of devices around the world. In similar fashion, traditional music publishers and labels thrived in a world where counterparties and IP were tightly controlled. Their moat was legal agreements that could hamstring pirates and, in some unfortunate cases, the artists themselves. As experimentation from pseudonymous creators\x97 including those who deploy A.I. \x97shifts the balance of power from this model, artists will have to find new ways to engage with the increasing commoditization of their work. Bitcoin, the first successful cryptocurrency, succeeded in large part because it was open-sourced. Alternatives to centralized institutions that issue credit require a radically transparent, queryable code base to stand apart. Early enthusiasts trusted the outcome of the Bitcoin ledger because they trusted the process, and because they could check it themselves. Today\x92s music pioneers would be smart to take note. The next few years will see more explicit separation of designing versus controlling music production. To that end, Grimes\x92s experiment is a worthy exercise pushing the limits of a multibillion-dollar business and our burgeoning world of open-sourced talent. Kathleen Breitman is a cofounder of Tezos . The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", "An A.I.-generated song featuring a “collaboration” between Drake and The Weeknd turned up on streaming services and TikTok last month, quickly racking up millions of listens. In response, Universal Music Group, which represents the musicians, issued an agitated statement, and then, as the song turned up on other platforms, embarked on a legal whack-a-mole campaign in a bid to put the A.I. cat back in a bag.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAll of this came even as the legal status of the song remains unclear. Some music business veterans argue the song was functionally no different than a remix, while others decried it as a dangerous new paradigm. Rarely does a video made by a random handle create such uproar.\nThen there's Grimes, who may not be as famous as fellow Canadian Drake, but is a critically acclaimed musician in her own right. Grimes, who is not affiliated with any record label, announced she will use that relative freedom toperform a radical experimentcalled “Elf.Tech.” Using A.I., Elf.Tech allows users to generate a Grimes-style work with their own inputs. In return, all Grimes asks is for tasteful use of their now-open-source talent and a 50% cut on any master recording royalties.\nBecause the cost of producing high-quality music has dropped precipitously with advancements in A.I., the race to design a new distribution model is afoot. Currently, platforms must obtain permissions from both publishers and labels to play a song—in most instances, the label owns the sound recording while the publisher controls the underlying music and lyrics. In Grimes’s case, she could be the performer and also own the sound recording.\nTellingly, the first prompt on Elf.Tech asks users to connect to an email account or a cryptocurrency wallet. Presumably, the platform anticipates using blockchain and crypto to help enforce the suggested royalty split.\nUnfortunately, as veterans of the NFT space know, while smart contractshave the potentialto create a more efficient royalties system, the reality is that the process remains messy since NFT marketplaces circumvent the rules. Nonetheless, many maintain hope a cultural or technical innovation—likely tied to crypto—will emerge to help artists enjoy a fairer compensation system.\nThough technology doesn’t exist to enforce it yet, my long-term bet is that Grimes’s approach will prevail over Universal’s. The reason is that the challenges of generative A.I. have striking parallels to those of another disruptive technology: open-source software.\nAll software began as “open source.” Software vendors would provide their clients with their source code, the human-readable version of the software that's then transformed into machine code before it's executed. Tinkerers and computer scientists would modify software, learn from it, and share ideas. As the field commercialized, source code became closely protected, like a trade secret. While companies made handsome profits exerting copyright over their code, allowing for additional investments, the downside was a less cooperative environment.\nThe open-source movement, a reaction to ever-tighter controls over software, promoted the release of source code under permissive licenses to foster the tinkering, sharing of ideas, and collaboration seen in the field's early days. Today, open-source projects range from small hobbyist efforts to large-scale projects such as the Linux kernel, which is deployed in billions of devices around the world.\nIn similar fashion, traditional music publishers and labels thrived in a world where counterparties and IP were tightly controlled. Their moat was legal agreements that could hamstring pirates and, in some unfortunate cases, the artists themselves. As experimentation from pseudonymous creators—including those who deploy A.I.—shifts the balance of power from this model, artists will have to find new ways to engage with the increasing commoditization of their work.\nBitcoin, the first successful cryptocurrency, succeeded in large part because it was open-sourced. Alternatives to centralized institutions that issue credit require a radically transparent, queryable code base to stand apart. Early enthusiasts trusted the outcome of the Bitcoin ledger because they trusted the process, and because they could check it themselves. Today’s music pioneers would be smart to take note.\nThe next few years will see more explicit separation of designing versus controlling music production. To that end, Grimes’s experiment is a worthy exercise pushing the limits of a multibillion-dollar business and our burgeoning world of open-sourced talent.\nKathleen Breitmanis a cofounder ofTezos. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", 'Last week saw the Bitcoin network under fire—both computationally and ideologically. Stemming from the new Ordinals and BRC-20 token standard, the network has seen inordinate amounts of congestion, with sky high fees and hundreds of thousands of unconfirmed transactions. At one point, people were even claiming there was an “ attack on Bitcoin .” It reignited a fierce debate among Bitcoiners —one that goes back years. To really understand what the current controversy is all about, we\'ll need to revisit the history of the "block size wars." Block size wars By 2017, Bitcoin miners, developers, and users had been arguing for years about whether to increase the protocol’s block size. The block size is the amount of transaction data individual blocks on the network can hold. The short of it is that “large blockers” want to keep fees low by increasing blockspace and allowing for more transactions per second. “Small blockers” argue that it’s essential to keep the system resistant from state actors or private interests by making it cheap to validate transactions. These developers acknowledged and actually accepted high fees in times of congestion as a necessary tradeoff for maintaining decentralization. The disagreement led to what is called a hard fork —and two new cryptocurrencies were born: Bitcoin Cash (BCH) and, later, Bitcoin Satoshi’s Vision (BSV). \'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher But fast forward to 2023, and it feels like a similar conflict is rearing its head once again: What exactly should Bitcoin be used for? Were such a thing to happen again, would it be a success? “That approach [a hard fork] was tried back in 2017, and I think the outcome is fairly clear at this point,” Craig Raw, developer of the Bitcoin Sparrow Wallet, told Decrypt . Today, both BCH and BSV have a much smaller market cap than the original BTC and have been largely dismissed by many in the Bitcoin and larger crypto communities. Story continues Enter: Taproot and Ordinals From hardcore maxis, to core maintainers and your classic Twitter troll, everybody seems to have a say, especially now the network is “suffering” from high fees and extreme congestion. At the time of writing, there are approximately 327,900 unconfirmed transactions, with a low priority fee of roughly 140 sat/vB, around $5.16. That’s double what low priority fees were before they spiked this week. Transactions of 18 sat/vB, or $0.66, or less were getting purged, or ignored, by miners because they were too small to be worth processing. The transaction backlog has seen a huge decrease from the past couple of days, when there were more than 400,000 unconfirmed transactions and high priority fees hit 654 sat/vB, or $26 dollars, according to mempool.space . Bitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017 At the center of this controversy is Taproot, Bitcoin’s latest update which allows for arbitrary non-financial data to be included in the blockchain. And from Taproot come Ordinals—the hottest crypto craze right now or a scourge on Satoshi’s vision, depending on who you ask. Consider them like NFTs, images, videos and even computer games that can be securely stored on the Bitcoin blockchain. Some people love them, while others see them as nothing more as a waste of time and pointless network congestion: for users to mint such tokens on the Bitcoin blockchain, they are required to burn transaction fees in order to create these tokens. This in turn clogs up the network. Polarized Bitcoiners Acclaimed “Bitcoin Maxi” and MicroStrategy co-founder Michael Saylor is one high-profile voice who has said that the Ordinals craze is just another “catalyst for Bitcoin adoption.” “Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” he said. To be clear, Ordinals have always been controversial. They sparked controversy when they launched in January . Marginalized peoples in developing countries will have to pay more to run their Bitcoin nodes and send transactions because privileged wealthy whites want to put JPEG drawings on the blockchain as status symbols. Just because you can doesn’t mean you should. — Bitcoin is Saving (@BitcoinIsSaving) January 29, 2023 But now they’re picking up velocity as Binance, the world’s largest cryptocurrency exchange, adds support for them in its NFT marketplace. At one point this week, Bitcoin core developer Luke Dashjr emailed other Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens. It wasn’t received well by all corners of the Bitcoin community. One notable reply came from Washington Sanchez, the NFT product lead at crypto exchange Kraken, who called Dashjr\'s attempts to block the development a " 1 man jihad against Ordinals ." Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption But not everyone has immersed themselves in the debate. Christoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, told Decrypt that the debate over Ordinals has become a “distraction.” “Bitcoin is about hard money and a new global financial system,” he said. “What are a few pixelated images and JSON blobs in comparison? Some people will test this mechanism to see if they can extract profit from it, just like it happens with every facet of Bitcoin and crypto.” He added that if Bitcoin couldn’t deal with such a “goofy situation,” it wouldn’t be “hard money.” And Ono quickly dismissed the idea that Ordinals could lead to another BCH-like split: “I don’t know of anyone seriously considering a hard fork.”', 'Last week saw the Bitcoin network under fire—both computationally and ideologically. Stemming from the newOrdinalsand BRC-20 token standard, the network has seen inordinate amounts of congestion, with sky high fees and hundreds of thousands of unconfirmed transactions.\nAt one point, people were even claiming there was an “attack on Bitcoin.”\nIt reignited a fierce debate among Bitcoiners—one that goes back years. To really understand what the current controversy is all about, we\'ll need to revisit the history of the "block size wars."\nBy 2017, Bitcoin miners, developers, and users had been arguing for years about whether to increase the protocol’s block size. The block size is the amount of transaction data individual blocks on the network can hold.\nThe short of it is that “large blockers” want to keep fees low by increasing blockspace and allowing for more transactions per second.\n“Small blockers” argue that it’s essential to keep the system resistant from state actors or private interests by making it cheap to validate transactions. These developers acknowledged and actually accepted high fees in times of congestion as a necessary tradeoff for maintaining decentralization.\nThe disagreement led to what is called ahard fork—and two new cryptocurrencies were born:Bitcoin Cash(BCH) and, later,Bitcoin Satoshi’s Vision(BSV).\n\'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher\nBut fast forward to 2023, and it feels like a similar conflict is rearing its head once again: What exactly should Bitcoin be used for? Were such a thing to happen again, would it be a success? “That approach [a hard fork] was tried back in 2017, and I think the outcome is fairly clear at this point,” Craig Raw, developer of the Bitcoin Sparrow Wallet, toldDecrypt.\nToday, both BCH and BSV have a much smaller market cap than the original BTC and have been largely dismissed by many in the Bitcoin and larger crypto communities.\nFrom hardcore maxis, to core maintainers and your classic Twitter troll, everybody seems to have a say, especially now the network is “suffering” from high fees and extreme congestion.\nAt the time of writing, there are approximately 327,900 unconfirmed transactions, with a low priority fee of roughly 140 sat/vB, around $5.16. That’s double what low priority fees were before they spiked this week. Transactions of 18 sat/vB, or $0.66, or less were getting purged, or ignored, by miners because they were too small to be worth processing.\nThe transaction backlog has seen a huge decrease from the past couple of days, when there were more than 400,000 unconfirmed transactions and high priority fees hit 654 sat/vB, or $26 dollars, according tomempool.space.\nBitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017\nAt the center of this controversy is Taproot, Bitcoin’s latest update which allows for arbitrary non-financial data to be included in the blockchain.\nAnd from Taproot come Ordinals—the hottest crypto craze right now or a scourge on Satoshi’s vision, depending on who you ask.\nConsider them like NFTs, images, videos and even computer games that can be securely stored on the Bitcoin blockchain. Some people love them, while others see them as nothing more as a waste of time and pointless network congestion: for users to mint such tokens on the Bitcoin blockchain, they are required to burn transaction fees in order to create these tokens. This in turn clogs up the network.\nAcclaimed “Bitcoin Maxi” and MicroStrategy co-founder Michael Saylor is one high-profile voice who hassaidthat the Ordinals craze is just another “catalyst for Bitcoin adoption.”\n“Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” he said.\nTo be clear, Ordinals have always been controversial. They sparked controversy when theylaunched in January.\nBut now they’re picking up velocity as Binance, the world’s largest cryptocurrency exchange,adds support for themin its NFT marketplace. At one point this week, Bitcoin core developer Luke Dashjremailedother Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens.\nIt wasn’t received well by all corners of the Bitcoin community. One notable reply came from Washington Sanchez, the NFT product lead at crypto exchange Kraken, who called Dashjr\'s attempts to block the development a "1 man jihad against Ordinals."\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption\nBut not everyone has immersed themselves in the debate. Christoph Ono, a contributor at open source Bitcoin resource Bitcoin Design, toldDecryptthat the debate over Ordinals has become a “distraction.”\n“Bitcoin is about hard money and a new global financial system,” he said. “What are a few pixelated images and JSON blobs in comparison? Some people will test this mechanism to see if they can extract profit from it, just like it happens with every facet of Bitcoin and crypto.”\nHe added that if Bitcoin couldn’t deal with such a “goofy situation,” it wouldn’t be “hard money.”\nAnd Ono quickly dismissed the idea that Ordinals could lead to another BCH-like split: “I don’t know of anyone seriously considering a hard fork.”', 'Last week saw the Bitcoin network under fire—both computationally and ideologically. Stemming from the newOrdinalsand BRC-20 token standard, the network has seen inordinate amounts of congestion, with sky high fees and hundreds of thousands of unconfirmed transactions.\nAt one point, people were even claiming there was an “attack on Bitcoin.”\nIt reignited a fierce debate among Bitcoiners—one that goes back years. To really understand what the current controversy is all about, we\'ll need to revisit the history of the "block size wars."\nBy 2017, Bitcoin miners, developers, and users had been arguing for years about whether to increase the protocol’s block size. The block size is the amount of transaction data individual blocks on the network can hold.\nThe short of it is that “large blockers” want to keep fees low by increasing blockspace and allowing for more transactions per second.\n“Small blockers” argue that it’s essential to keep the system resistant from state actors or private interests by making it cheap to validate transactions. These developers acknowledged and actually accepted high fees in times of congestion as a necessary tradeoff for maintaining decentralization.\nThe disagreement led to what is called ahard fork—and two new cryptocurrencies were born:Bitcoin Cash(BCH) and, later,Bitcoin Satoshi’s Vision(BSV).\n\'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher\nBut fast forward to 2023, and it feels like a similar conflict is rearing its head once again: What exactly should Bitcoin be used for? Were such a thing to happen again, would it be a success? “That approach [a hard fork] was tried back in 2017, and I think the outcome is fairly clear at this point,” Craig Raw, developer of the Bitcoin Sparrow Wallet, toldDecrypt.\nToday, both BCH and BSV have a much smaller market cap than the original BTC and have been largely dismissed by many in the Bitcoin and larger crypto communities.\nFrom hardcore maxis, to core maintainers and your classic Twitter troll, everybody seems to have a say, especially now the network is “suffering” from high fees and extreme congestion.\nAt the time of writing, there are approximately 327,900 unconfirmed transactions, with a low priority fee of roughly 140 sat/vB, around $5.16. That’s double what low priority fees were before they spiked this week. Transactions of 18 sat/vB, or $0.66, or less were getting purged, or ignored, by miners because they were too small to be worth processing.\nThe transaction backlog has seen a huge decrease from the past couple of days, when there were more than 400,000 unconfirmed transactions and high priority fees hit 654 sat/vB, or $26 dollars, according tomempool.space.\nBitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017\nAt the center of this controversy is Taproot, Bitcoin’s latest update which allows for arbitrary non-financial data to be included in the blockchain.\nAnd from Taproot come Ordinals—the hottest crypto craze right now or a scourge on Satoshi’s vision, depending on who you ask.\nConsider them like NFTs, images, videos and even computer games that can be securely stored on the Bitcoin blockchain. Some people love them, while others see them as nothing more as a waste of time and pointless network congestion: for users to mint such tokens on the Bitcoin blockchain, they are required to burn transaction fees in order to create these tokens. This in turn clogs up the network.\nAcclaimed “Bitcoin Maxi” and MicroStrategy co-founder Michael Saylor is one high-profile voice who hassaidthat the Ordinals craze is just another “catalyst for Bitcoin adoption.”\n“Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” he said.\nTo be clear, Ordinals have always been controversial. They sparked controversy when theylaunched in January.\nBut now they’re picking up velocity as Binance, the world’s largest cryptocurrency exchange,adds support for themin its NFT marketplace. At one point this week, Bitcoin core developer Luke Dashjremailedother Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens.\nIt wasn’t received well by all corners of the Bitcoin community. One notable reply came from Washington Sanchez, the NFT product lead at crypto exchange Kraken, who called Dashjr\'s attempts to block the development a "1 man jihad against Ordinals."\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adopt Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,673,942,650 - Hash Rate: 346023367.89415514 - Transaction Count: 575640.0 - Unique Addresses: 553742.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The Treasury has scrapped plans for the Royal Mint to create its own non-fungible token - REUTERS/Florence Lo/Illustration/File Photo The Treasury has scrapped plans for the Royal Mint to create its own non-fungible token (NFT). It comes less than a year after Britains coin-maker was tasked with selling the Government-backed token , a controversial project Rishi Sunak had said was an emblem of the forward-looking approach the UK is determined to take. NFTs use technology behind cryptocurrencies such as Bitcoin to confer ownership of digital items such as artwork or virtual clothing. However, the Treasury has confirmed it is no longer proceeding with the NFT launch at this time, following a consultation with the Royal Mint. The proposal will be kept under review, a Royal Mint spokesman said. Economic Secretary Andrew Griffith shared the announcement with Parliament on Monday in response to a written question from Conservative MP Harriett Baldwin, who had asked if creating NFTs remained a Treasury policy. Commenting on the announcement, Ms Baldwin, chair of the Treasury Select Committee, told the BBC: "We have not yet seen a lot of evidence that our constituents should be putting their money in these speculative tokens unless they are prepared to lose all their money. "So perhaps that is why the Royal Mint has made this decision in conjunction with the Treasury." Mr Sunak, then Chancellor, asked the Royal Mint last April to deliver the state-backed NFT by that summer. The token was understood to be a collectable digital artwork, extending the range of existing commemorative coins offered by the Royal Mint. The Mint hoped that creating NFTs would attract a new audience and help customers own digital collectables in a secure and trusted way. It also presented another growth opportunity for the Mint as the UK increasingly moves towards becoming a cashless society, as seen by the Treasurys plans to develop a digital pound . However, the Treasury soon faced backlash after refusing to disclose how much the NFT plans were costing British taxpayers . The decision to abandon the project comes as the value of the NFT market has diminished over the past year, as part of a global rout of digital assets - dubbed the crypto winter. Many cryptocurrencies, which are used to to buy and self NFTs, have sharply dropped in value as investors continue to exit the market still beset by scams and cyber attacks. The price of Bitcoin has fallen nearly 38pc over the past year.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Turkey election For months he had stubbornly resisted calls to step aside and make way for Kemal Kilicdaroglu , the man seeking to become Turkey’s next president at too-close-to-call elections on Sunday 14 May. But then, on Thursday, so late in the day that ballot papers with his name on them had already been printed, Muharrem Ince suddenly backed down. “I am withdrawing from the candidacy. I am doing this for my country,” he said. But not, it transpired, of his own free will. Instead, the 59-year-old insisted, he was the victim of a smear campaign. A sex tape, he said, had been swiped from “an Israeli porn site” and doctored to make it appear as if he was involved. “This is not my private life, it’s slander. It’s not real.” But the effects of his withdrawal could be very real. Though Ince was polling only around 2 per cent ahead of the election, most of his backers are now expected to shift their support to Kilicdaroglu, who is seeking to unseat Turkey’s increasingly autocratic leader Recep Tayyip Erdogan after two decades in power. And with polls putting Kilicdaroglu on 49.3 per cent to Erdogan’s 43.7 per cent, a handful of extra votes is all the challenger needs to cross the 50 per cent threshold and avoid a run-off against an incumbent famed as a political survivor. Yet should it prove decisive, the alleged sex tape would only prove the most dramatic fakery in a campaign that has been marked by misinformation and accusations of foreign meddling – accusations that saw Kilicdaroglu, 74, denounce “montages, plots, [and] Deep Fake tapes” – referring to realistic AI-generated videos of people saying or doing things they haven’t done. Muharrem Ince has suddenly withdrawn from the Turkish presidential race - STR/EPA-EFE/Shutterstock The target of his ire was Russia, long seen as an ally of his electoral opponent Erdogan. And analysts suggest such dirty tricks from Moscow would make sense. “Russia is definitely favouring Erdogan [in the election],” says Galip Dalay at Chatham House. “They have energy and grain deals. Putin can even meet Erdogan, head of a Nato country, and so say he is not isolated and that the Nato front is not united.” Story continues Yet Erdogan subsequently suggested that his rival’s accusations of Russian interference were no more than a ruse to deflect attention from the real culprit. “One of the candidates withdrew,” he said after Ince stood down. “Of course, it is impossible to understand why. What did [Kilicdaroglu] come up with? A tape. How did he do that? All they know is tricks.” And just as Russia has reason to back Erdogan, Israel – provenance of the doctored sex tape, according to its victim – may have reason to see Turkey’s president unseated. “There has been difficulty, real bad blood between Israel and Turkey over the past decade,” says Dalay. “One can assume Israel would back the opposition.” Whatever the truth about foreign meddling, though, there is little doubt that the world is watching Turkey’s election, freighted as it is with stunning geopolitical significance. Turkey has long played what an intelligence source calls “the man in the middle” – trying to leverage its position as both a Nato member and a country with close ties to Moscow. It also has a critical role in controlling the flow of refugees into Europe and, despite Erdogan’s increasingly dictatorial instincts, remains a large Muslim democracy in a region hardly overflowing with them. With the war in Ukraine, however, the stakes have got even higher, as West and East both try to bring the world’s 11th biggest economy further into their camp. “And Turkey,” says the source, “is trying to juggle both sides.” On one hand, Ankara is blocking Sweden’s accession to Nato and buying Russian gas, but on the other, “it isn’t turning a blind eye to weapons smuggled through Turkish territorial waters. And nor has Erdogan started arguing Putin’s case in the Western camp.” Yet if the elections are vital for the world beyond Turkey’s borders, they are also critical for Turkey. The opposition claims they are a chance to restore the country’s battered economy, whose plummeting currency and soaring 40 per cent-plus inflation has created a cost of living crisis that has made many Turks dramatically poorer. Erdogan insists, however, that only he can prevent the restoration of a secular, metropolitan elite dragging the country from its cultural roots. Turkey, he says, can be powerful and prosperous without sliding inexorably Westwards. Erdogan and his wife Emine during the unveiling of the AK Party’s election manifestovvvv - Adem Altan It is a clash of civilisations viewpoint that perhaps explains why his campaign has allegedly stooped to its own video deception, playing film at a rally that appears to stitch together footage from a genuine campaign video by his rival with images of Murat Karayilan, one of the founders of the Kurdish PKK separatists , as if to suggest Kilicdaroglu was endorsed by a group regarded as terrorists by the EU and the US State Department. A German media investigation found that the clips came from two entirely separate videos and the Turkish opposition was not being endorsed by the PKK. Now accusations fly back and forth of truth-bending and image manipulation so voters cannot know if they can trust their eyes. Kilicdaroglu says Erdogan “can make negative propaganda by changing sound and images”, going so far as to suggest his rival is in league with foreign agents, presumably Russian. “We’ve learned that they’ve made agreements with some hackers from abroad and made payments in Bitcoin,” he said. This week he insisted, after directly accusing Russia, via tweet, of meddling: “I wouldn’t tweet if we didn’t have concrete evidence. We find it unacceptable for another country to intervene in Turkey’s election process in favour of a political party. I wanted the whole world to know this.” If there is a deal with Moscow, says the intelligence source, it would represent “classic Russian tactics”. The exchange goes as follows: “If we can help you win the election, if we do you a favour when you’re in power, you’re going to have to do us a favour.” Sophisticated deep fake videos and other visible elements of a disinformation campaign are useful, the source continues, because they help the outside nation behind them, such as Russia, “demonstrate proof that they helped the candidates get elected, firstly to give them leverage when they want to call in favours, and secondly, to use as blackmail if the favours aren’t returned.” Recep Tayyip Erdogan - Anadolu Agency If Turkey’s election is a live demonstration of the destructive havoc that AI and other advanced technologies can wreak on democracies, then democracies themselves can find it hard to respond in kind to such underhand meddling. To intervene in a foreign election, a British deep fake operation would require authorisation at cabinet or prime ministerial level, if it was done at all. “We have the capacity, we just don’t have the policy permissions,” says the source. In an emergency, getting those permissions would take “time and effort. These [Russian] guys can just go and do it in a couple of hours with little or no oversight.” Instead, efforts are directed at “counter disinformation”. “What we can do very quickly is expose the truth.” But in the end even that may not prove enough. “Deep fakes are very worrying,” says the source. “We’re probably already at the stage where a video could emerge of Rishi Sunak declaring war on China and you wouldn’t be able to tell if it was real.” Today, with Europe’s worst fighting in 70 years raging across the Black Sea opposite Turkish shores, such provocative fakes may change the course of elections. Soon they may start the wars themselves. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'Turkey election For months he had stubbornly resisted calls to step aside and make way for Kemal Kilicdaroglu , the man seeking to become Turkey’s next president at too-close-to-call elections on Sunday 14 May. But then, on Thursday, so late in the day that ballot papers with his name on them had already been printed, Muharrem Ince suddenly backed down. “I am withdrawing from the candidacy. I am doing this for my country,” he said. But not, it transpired, of his own free will. Instead, the 59-year-old insisted, he was the victim of a smear campaign. A sex tape, he said, had been swiped from “an Israeli porn site” and doctored to make it appear as if he was involved. “This is not my private life, it’s slander. It’s not real.” But the effects of his withdrawal could be very real. Though Ince was polling only around 2 per cent ahead of the election, most of his backers are now expected to shift their support to Kilicdaroglu, who is seeking to unseat Turkey’s increasingly autocratic leader Recep Tayyip Erdogan after two decades in power. And with polls putting Kilicdaroglu on 49.3 per cent to Erdogan’s 43.7 per cent, a handful of extra votes is all the challenger needs to cross the 50 per cent threshold and avoid a run-off against an incumbent famed as a political survivor. Yet should it prove decisive, the alleged sex tape would only prove the most dramatic fakery in a campaign that has been marked by misinformation and accusations of foreign meddling – accusations that saw Kilicdaroglu, 74, denounce “montages, plots, [and] Deep Fake tapes” – referring to realistic AI-generated videos of people saying or doing things they haven’t done. Muharrem Ince has suddenly withdrawn from the Turkish presidential race - STR/EPA-EFE/Shutterstock The target of his ire was Russia, long seen as an ally of his electoral opponent Erdogan. And analysts suggest such dirty tricks from Moscow would make sense. “Russia is definitely favouring Erdogan [in the election],” says Galip Dalay at Chatham House. “They have energy and grain deals. Putin can even meet Erdogan, head of a Nato country, and so say he is not isolated and that the Nato front is not united.” Story continues Yet Erdogan subsequently suggested that his rival’s accusations of Russian interference were no more than a ruse to deflect attention from the real culprit. “One of the candidates withdrew,” he said after Ince stood down. “Of course, it is impossible to understand why. What did [Kilicdaroglu] come up with? A tape. How did he do that? All they know is tricks.” And just as Russia has reason to back Erdogan, Israel – provenance of the doctored sex tape, according to its victim – may have reason to see Turkey’s president unseated. “There has been difficulty, real bad blood between Israel and Turkey over the past decade,” says Dalay. “One can assume Israel would back the opposition.” Whatever the truth about foreign meddling, though, there is little doubt that the world is watching Turkey’s election, freighted as it is with stunning geopolitical significance. Turkey has long played what an intelligence source calls “the man in the middle” – trying to leverage its position as both a Nato member and a country with close ties to Moscow. It also has a critical role in controlling the flow of refugees into Europe and, despite Erdogan’s increasingly dictatorial instincts, remains a large Muslim democracy in a region hardly overflowing with them. With the war in Ukraine, however, the stakes have got even higher, as West and East both try to bring the world’s 11th biggest economy further into their camp. “And Turkey,” says the source, “is trying to juggle both sides.” On one hand, Ankara is blocking Sweden’s accession to Nato and buying Russian gas, but on the other, “it isn’t turning a blind eye to weapons smuggled through Turkish territorial waters. And nor has Erdogan started arguing Putin’s case in the Western camp.” Yet if the elections are vital for the world beyond Turkey’s borders, they are also critical for Turkey. The opposition claims they are a chance to restore the country’s battered economy, whose plummeting currency and soaring 40 per cent-plus inflation has created a cost of living crisis that has made many Turks dramatically poorer. Erdogan insists, however, that only he can prevent the restoration of a secular, metropolitan elite dragging the country from its cultural roots. Turkey, he says, can be powerful and prosperous without sliding inexorably Westwards. Erdogan and his wife Emine during the unveiling of the AK Party’s election manifestovvvv - Adem Altan It is a clash of civilisations viewpoint that perhaps explains why his campaign has allegedly stooped to its own video deception, playing film at a rally that appears to stitch together footage from a genuine campaign video by his rival with images of Murat Karayilan, one of the founders of the Kurdish PKK separatists , as if to suggest Kilicdaroglu was endorsed by a group regarded as terrorists by the EU and the US State Department. A German media investigation found that the clips came from two entirely separate videos and the Turkish opposition was not being endorsed by the PKK. Now accusations fly back and forth of truth-bending and image manipulation so voters cannot know if they can trust their eyes. Kilicdaroglu says Erdogan “can make negative propaganda by changing sound and images”, going so far as to suggest his rival is in league with foreign agents, presumably Russian. “We’ve learned that they’ve made agreements with some hackers from abroad and made payments in Bitcoin,” he said. This week he insisted, after directly accusing Russia, via tweet, of meddling: “I wouldn’t tweet if we didn’t have concrete evidence. We find it unacceptable for another country to intervene in Turkey’s election process in favour of a political party. I wanted the whole world to know this.” If there is a deal with Moscow, says the intelligence source, it would represent “classic Russian tactics”. The exchange goes as follows: “If we can help you win the election, if we do you a favour when you’re in power, you’re going to have to do us a favour.” Sophisticated deep fake videos and other visible elements of a disinformation campaign are useful, the source continues, because they help the outside nation behind them, such as Russia, “demonstrate proof that they helped the candidates get elected, firstly to give them leverage when they want to call in favours, and secondly, to use as blackmail if the favours aren’t returned.” Recep Tayyip Erdogan - Anadolu Agency If Turkey’s election is a live demonstration of the destructive havoc that AI and other advanced technologies can wreak on democracies, then democracies themselves can find it hard to respond in kind to such underhand meddling. To intervene in a foreign election, a British deep fake operation would require authorisation at cabinet or prime ministerial level, if it was done at all. “We have the capacity, we just don’t have the policy permissions,” says the source. In an emergency, getting those permissions would take “time and effort. These [Russian] guys can just go and do it in a couple of hours with little or no oversight.” Instead, efforts are directed at “counter disinformation”. “What we can do very quickly is expose the truth.” But in the end even that may not prove enough. “Deep fakes are very worrying,” says the source. “We’re probably already at the stage where a video could emerge of Rishi Sunak declaring war on China and you wouldn’t be able to tell if it was real.” Today, with Europe’s worst fighting in 70 years raging across the Black Sea opposite Turkish shores, such provocative fakes may change the course of elections. Soon they may start the wars themselves. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.', 'Illustration by Mitchell Preffer for Decrypt The most important tweet on Crypto Twitter this week was an announcement on Friday by Twitter’s owner and CEO Elon Musk naming his replacement, Linda Yaccarino , as the platform’s new chief executive. Musk will continue serving Twitter as CTO and executive chairman . Yaccarino left her job as head of advertising at NBCUniversal on Friday morning to take on the job of helping Musk transition Twitter into X, his envisioned “everything app" that will incorporate social media and payments (possibly including crypto) along the lines of China’s WeChat . I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app. https://t.co/TiSJtTWuky — Elon Musk (@elonmusk) May 12, 2023 Musk is also pro-crypto. His electric car company Tesla is currently one of the largest institutional HODLers of Bitcoin, even after it sold three quarters of its original holdings. He is a fan of Dogecoin, and his frequent tweets about it often pump the price. He even replaced Twitter’s blue bird logo with the Doge meme for a few days , so a potential crypto integration is conceivable, especially as a payments option. Elsewhere on Crypto Twitter this week, Coinbase CEO Brian Armstrong kicked things off by praising the UAE for its “ clear rule book ” when it comes to crypto regulations. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far. — Brian Armstrong 🛡️ (@brian_armstrong) May 8, 2023 Coinbase is a publicly traded U.S. company, but the hostile domestic regulatory environment is driving it offshore. The company recently obtained a license to operate in Bermuda and used it to open an international exchange offering Bitcoin and Ethereum perpetual futures. It is also currently talking with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM)—a crypto-friendly free economic zone in the UAE—about opening a regulated exchange there. Story continues Circle’s EU strategy and policy director Patrick Hansen on Tuesday shared a chart showing just how MiCA is stealing the wind from U.S. sails. European Union lawmakers last month approved MiCA , or the Markets in Crypto Assets bill, which now means the bloc has a unified regulatory approach throughout its 27 member states and licenses granted to crypto companies in one country can be “passported” to another member state. The rules on stablecoins come into force in July 2024, while other requirements will not be enforced until January 2025. The MiCA effect 🇪🇺🚀 The share of VC investment into European crypto projects is up almost 10x in one year - from a share of 5.9% in Q1 2022 to 47.6% in Q2 2023. Regulatory clarity attracts capital & entrepreneurs from around the world. Great development for crypto in Europe! pic.twitter.com/kUVp3rwlg3 — Patrick Hansen (@paddi_hansen) May 9, 2023 On Tuesday, U.S. President Joe Biden positioned himself against the “MAGA House Republicans” aligned with “ wealthy crypto investors ” that look for loopholes to avoid paying tax. POTUS’s tweet was subsequently flagged by fact checkers who added the context that all crypto profits are subject to capital gains tax. We don’t have to guess what MAGA House Republicans value. They’re telling us. pic.twitter.com/BM6JGMEFeq — President Biden (@POTUS) May 9, 2023 Also that day, a video shared by MicroStrategy chair and institutional Bitcoin whale Michael Sadler made the rounds. A keen and predictable Bitcoin acolyte, Saylor says that Bitcoin’s price “will chop its way up—with volatility—forever.” I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin , banking, macro, money, and the media with @patrickbetdavid . https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124 — Michael Saylor⚡️ (@saylor) May 9, 2023 Bitcoin mining revenue levels are now at the level they were at a year ago, according to a chart shared by Will Clemente, the co-founder of independent digital asset research firm Reflexivity Research. After a tough 2022, with BTC up 65% YTD and transaction fees rising due to ordinals, Bitcoin miners are now bringing in the most revenue they have in over a year at roughly $40 million a day pic.twitter.com/kWbyIGoGRR — Will Clemente (@WClementeIII) May 10, 2023 Stablecoin issuer Tether’s revenue is well over a billion, according to its Q1 2023 attestation. This means it comfortably outpaces Blackrock, the largest asset manager in the world. At its peak, Blackrock became the first asset manager to steward $10 trillion in assets in Q4 2022, but this has fallen to $8.59 trillion as of Q4 2023 . Blackrock Q1 net income: $1.16 billion Tether: $1.48 billion sheesh https://t.co/deOAPAqnRz — db (@tier10k) May 10, 2023 Another day, another crypto scammer brought into the light by blockchain sleuth ZachXBT. Another day another influencer @DannyCrypt dumping on their followers undisclosed He received 2% of the supply to assist with marketing but within 15 minutes of receiving the tokens market dumped the majority of them for $57k (31 ETH) Meanwhile he tweeted “hodling my HODL coin” pic.twitter.com/XVrMh3HVDZ — ZachXBT (@zachxbt) May 10, 2023 Independent Ethereum educator Anthony Sassano called Ethereum staking “up only” on Wednesday. There are now more active validators live on the Ethereum network than there were before staking withdrawals were enabled It took less than a month for this to happen ETH staking is up only — sassal.eth 🦇🔊 (@sassal0x) May 10, 2023 Retired ExxonMobil exec Tom Glass, who is currently seeking the Republican nomination for state House District 17, broke news that Texas lawmakers voted overwhelmingly in favor of an update to the state’s Bill of Rights to include the right of the people to own, hold, and use digital currencies. The Texas House #txlege voted 139 to 2 tonight to add the following to the Texas Bill of Rights: The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for… pic.twitter.com/op3t8rr6J2 — Tom Glass (@tomgglass) May 11, 2023 Finally on Thursday, Web3 law expert MetaLawMan wrote up a thread explaining just how important the news is that the U.S. Chamber of Commerce filed an amicus brief in support of Coinbase’s ongoing court petition to get the securities regulator to clarify its rules. 3/ The Chamber makes 3 arguments. 1. Regulatory uncertainty is killing innovation in the U.S. 2. The SEC is destabilizing the digital assets regulatory environment. 3. The SEC is violating Constitutional Due Process and Fair Notice rights. And the topper is... — MetaLawMan (@MetaLawMan) May 11, 2023', 'Illustration by Mitchell Preffer for Decrypt The most important tweet on Crypto Twitter this week was an announcement on Friday by Twitter’s owner and CEO Elon Musk naming his replacement, Linda Yaccarino , as the platform’s new chief executive. Musk will continue serving Twitter as CTO and executive chairman . Yaccarino left her job as head of advertising at NBCUniversal on Friday morning to take on the job of helping Musk transition Twitter into X, his envisioned “everything app" that will incorporate social media and payments (possibly including crypto) along the lines of China’s WeChat . I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app. https://t.co/TiSJtTWuky — Elon Musk (@elonmusk) May 12, 2023 Musk is also pro-crypto. His electric car company Tesla is currently one of the largest institutional HODLers of Bitcoin, even after it sold three quarters of its original holdings. He is a fan of Dogecoin, and his frequent tweets about it often pump the price. He even replaced Twitter’s blue bird logo with the Doge meme for a few days , so a potential crypto integration is conceivable, especially as a payments option. Elsewhere on Crypto Twitter this week, Coinbase CEO Brian Armstrong kicked things off by praising the UAE for its “ clear rule book ” when it comes to crypto regulations. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far. — Brian Armstrong 🛡️ (@brian_armstrong) May 8, 2023 Coinbase is a publicly traded U.S. company, but the hostile domestic regulatory environment is driving it offshore. The company recently obtained a license to operate in Bermuda and used it to open an international exchange offering Bitcoin and Ethereum perpetual futures. It is also currently talking with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM)—a crypto-friendly free economic zone in the UAE—about opening a regulated exchange there. Story continues Circle’s EU strategy and policy director Patrick Hansen on Tuesday shared a chart showing just how MiCA is stealing the wind from U.S. sails. European Union lawmakers last month approved MiCA , or the Markets in Crypto Assets bill, which now means the bloc has a unified regulatory approach throughout its 27 member states and licenses granted to crypto companies in one country can be “passported” to another member state. The rules on stablecoins come into force in July 2024, while other requirements will not be enforced until January 2025. The MiCA effect 🇪🇺🚀 The share of VC investment into European crypto projects is up almost 10x in one year - from a share of 5.9% in Q1 2022 to 47.6% in Q2 2023. Regulatory clarity attracts capital & entrepreneurs from around the world. Great development for crypto in Europe! pic.twitter.com/kUVp3rwlg3 — Patrick Hansen (@paddi_hansen) May 9, 2023 On Tuesday, U.S. President Joe Biden positioned himself against the “MAGA House Republicans” aligned with “ wealthy crypto investors ” that look for loopholes to avoid paying tax. POTUS’s tweet was subsequently flagged by fact checkers who added the context that all crypto profits are subject to capital gains tax. We don’t have to guess what MAGA House Republicans value. They’re telling us. pic.twitter.com/BM6JGMEFeq — President Biden (@POTUS) May 9, 2023 Also that day, a video shared by MicroStrategy chair and institutional Bitcoin whale Michael Sadler made the rounds. A keen and predictable Bitcoin acolyte, Saylor says that Bitcoin’s price “will chop its way up—with volatility—forever.” I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin , banking, macro, money, and the media with @patrickbetdavid . https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124 — Michael Saylor⚡️ (@saylor) May 9, 2023 Bitcoin mining revenue levels are now at the level they were at a year ago, according to a chart shared by Will Clemente, the co-founder of independent digital asset research firm Reflexivity Research. After a tough 2022, with BTC up 65% YTD and transaction fees rising due to ordinals, Bitcoin miners are now bringing in the most revenue they have in over a year at roughly $40 million a day pic.twitter.com/kWbyIGoGRR — Will Clemente (@WClementeIII) May 10, 2023 Stablecoin issuer Tether’s revenue is well over a billion, according to its Q1 2023 attestation. This means it comfortably outpaces Blackrock, the largest asset manager in the world. At its peak, Blackrock became the first asset manager to steward $10 trillion in assets in Q4 2022, but this has fallen to $8.59 trillion as of Q4 2023 . Blackrock Q1 net income: $1.16 billion Tether: $1.48 billion sheesh https://t.co/deOAPAqnRz — db (@tier10k) May 10, 2023 Another day, another crypto scammer brought into the light by blockchain sleuth ZachXBT. Another day another influencer @DannyCrypt dumping on their followers undisclosed He received 2% of the supply to assist with marketing but within 15 minutes of receiving the tokens market dumped the majority of them for $57k (31 ETH) Meanwhile he tweeted “hodling my HODL coin” pic.twitter.com/XVrMh3HVDZ — ZachXBT (@zachxbt) May 10, 2023 Independent Ethereum educator Anthony Sassano called Ethereum staking “up only” on Wednesday. There are now more active validators live on the Ethereum network than there were before staking withdrawals were enabled It took less than a month for this to happen ETH staking is up only — sassal.eth 🦇🔊 (@sassal0x) May 10, 2023 Retired ExxonMobil exec Tom Glass, who is currently seeking the Republican nomination for state House District 17, broke news that Texas lawmakers voted overwhelmingly in favor of an update to the state’s Bill of Rights to include the right of the people to own, hold, and use digital currencies. The Texas House #txlege voted 139 to 2 tonight to add the following to the Texas Bill of Rights: The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for… pic.twitter.com/op3t8rr6J2 — Tom Glass (@tomgglass) May 11, 2023 Finally on Thursday, Web3 law expert MetaLawMan wrote up a thread explaining just how important the news is that the U.S. Chamber of Commerce filed an amicus brief in support of Coinbase’s ongoing court petition to get the securities regulator to clarify its rules. 3/ The Chamber makes 3 arguments. 1. Regulatory uncertainty is killing innovation in the U.S. 2. The SEC is destabilizing the digital assets regulatory environment. 3. The SEC is violating Constitutional Due Process and Fair Notice rights. And the topper is... — MetaLawMan (@MetaLawMan) May 11, 2023', 'OpenAI CEO Sam Altman helped bring ChatGPT to the world, which sparked the current A.I. race involving Microsoft , Google , and others. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home But he’s busy with other ventures that could be no less disruptive—and are linked in some ways. This week, Microsoft announced a purchasing agreement with Helion Energy, a nuclear fusion startup primarily backed by Altman. And Worldcoin, a crypto startup involving eye scans cofounded by Altman in 2019, is close to securing hefty new investments, according to Financial Times reporting on Sunday. Before becoming OpenAI’s leader, Altman served as president of the startup accelerator Y Combinator, so it’s not entirely surprising that he’s involved in more than one venture. But the sheer ambition of the projects, both on their own and collectively, merits attention. Microsoft announced a deal on Wednesday in which Helion will supply it with electricity from nuclear fusion by 2028. That\'s bold considering nobody is yet producing electricity from fusion, and many experts believe it\'s decades away. During a Stripe conference interview last week, Altman said the audience "should be excited" about the startup\'s developments and drew a connection between Helion and artificial intelligence. “If you really want to make the biggest, most capable super intelligent system you can, you need high amounts of energy,” he explained. “And if you have an A.I. that can help you move faster and do better material science, you can probably get to fusion a little bit faster too.” He acknowledged the challenging economics of nuclear fusion, but added, “I think we will probably figure it out.” He added, “And probably we will get to a world where in addition to the cost of intelligence falling dramatically, the cost of energy falls dramatically, too. And if both of those things happen at the same time—I would argue that they are currently the two most important inputs in the whole economy—we get to a super different place." Story continues Worldcoin—still in beta but aiming to launch in the first half of this year—is equally ambitious, as Fortune reported in March. If A.I. takes away our jobs and governments decide that a universal basic income is needed, Worldcoin wants to be the distribution mechanism for those payments. If all goes to plan, it’ll be bigger than Bitcoin and approved by regulators across the globe. That might be a long way off if it ever occurs, but in the meantime the startup might have found quicker path to monetization with World ID, a kind of badge you receive after being verified by Worldcoin—and a handy way to prove that you’re a human rather than an A.I. bot when logging into online platforms. The idea is your World ID would join or replace your user names and passwords. The only way to really prove a human is a human, the Worldcoin team decided, was via an iris scan. That led to a small orb-shaped device you look into that converts a biometric scanning code into “proof of personhood.” When you’re scanned, verified, and onboarded to Worldcoin, you’re given 25 proprietary crypto tokens, also called Worldcoins. Well over a million people have already participated, though of course the company aims to have tens and then hundreds of millions joining after beta. Naturally such plans have raised a range of privacy concerns, but according to the FT, the firm is now in advanced talks to raise about $100 million. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'OpenAI CEO Sam Altman helped bring ChatGPT to the world, which sparked the current A.I. race involvingMicrosoft,Google, and others.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nBut he’s busy with other ventures that could be no less disruptive—and are linked in some ways. This week, Microsoftannounced a purchasing agreementwith Helion Energy, a nuclear fusion startup primarily backed by Altman. And Worldcoin, a crypto startup involving eye scans cofounded by Altman in 2019, is close to securing hefty new investments, according toFinancial Timesreportingon Sunday.\nBefore becoming OpenAI’s leader, Altman served as president of the startup accelerator Y Combinator, so it’s not entirely surprising that he’s involved in more than one venture. But the sheer ambition of the projects, both on their own and collectively, merits attention.\nMicrosoftannounced a dealon Wednesday in which Helion will supply it with electricity from nuclear fusion by 2028. That\'s bold considering nobody is yet producing electricity from fusion, and many experts believe it\'s decades away.\nDuring aStripeconferenceinterviewlast week, Altman said the audience "should be excited" about the startup\'s developments and drew a connection between Helion and artificial intelligence.\n“If you really want to make the biggest, most capable super intelligent system you can, you need high amounts of energy,” he explained. “And if you have an A.I. that can help you move faster and do better material science, you can probably get to fusion a little bit faster too.”\nHe acknowledged the challenging economics of nuclear fusion, but added, “I think we will probably figure it out.”\nHe added, “And probably we will get to a world where in addition to the cost of intelligence falling dramatically, the cost of energy falls dramatically, too. And if both of those things happen at the same time—I would argue that they are currently the two most important inputs in the whole economy—we get to a super different place."\nWorldcoin—still in beta but aiming to launch in the first half of this year—is equally ambitious, asFortunereportedin March. If A.I. takes away our jobs and governments decide that a universal basic income is needed, Worldcoin wants to be the distribution mechanism for those payments. If all goes to plan, it’ll be bigger than Bitcoin and approved by regulators across the globe.\nThat might be a long way off if it ever occurs, but in the meantime the startup might have found quicker path to monetization with World ID, a kind of badge you receive after being verified by Worldcoin—and a handy way to prove that you’re a human rather than an A.I. bot when logging into online platforms. The idea is your World ID would join or replace your user names and passwords.\nThe only way to really prove a human is a human, the Worldcoin team decided, was via an iris scan. That led to a small orb-shaped device you look into that converts a biometric scanning code into “proof of personhood.”\nWhen you’re scanned, verified, and onboarded to Worldcoin, you’re given 25 proprietary crypto tokens, also called Worldcoins. Well over a million people have already participated, though of course the company aims to have tens and then hundreds of millions joining after beta. Naturally such plans have raised a range of privacy concerns, but according to the FT, the firm is now in advanced talks to raise about $100 million.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $520,973,001,450 - Hash Rate: 415228041.47298616 - Transaction Count: 631677.0 - Unique Addresses: 565005.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today A lesser-known but historically reliable bitcoin price indicator has flipped positive, signaling the onset of a major bull market. Bitcoin's (BTC) reserve-risk multiple has crossed above zero, turning positive for the first time since October 2021, according to blockchain analytics firm Glassnode. The previous crossovers above zero paved the way for parabolic price rallies. "In 2012, 2013, 2015, 2019 and 2020, it resulted in gains of 2,830%, 566%, 6,400%, 99% and 487%, respectively," on-chain analyst Ali MartineztweetedMonday. Glassnode defines reserve risk as a long-term cyclical indicator, comparing the incentive to sell at the going market price with long-term holders resisting the temptation to liquidate. A lower reading indicates strong conviction among "HODLers" – slang for long-term crypto investors – and vice versa. The reserve-risk multiple is calculated by dividing the daily indicator value by its 365-day moving average. The reserve-risk multiple's previous crossovers above and below zero accurately predicted major bullish and bearish trends. If history is a guide, the latest positive crossover means the cryptocurrency's 80% year-to-date rally to 10-month highs above $30,000 may be only the first milestone in its upward journey. The bullish implication is consistent with bitcoin's tendencyto chalk upoutsized rallies in the months leading up to the mining reward halving. This programmed code reduces the pace of the cryptocurrency's supply expansion by 50% every four years. Bitcoin's fourth reward halvingis duein April next year.... - Reddit Posts (Sample): [['u/FairBlamer', 'The perfect reply to “Bitcoin has no value” (use it, spread it)', 15, '2023-05-14 00:11', 'https://www.reddit.com/r/Bitcoin/comments/13gubel/the_perfect_reply_to_bitcoin_has_no_value_use_it/', 'Anytime anyone says bitcoin doesn’t have value, here’s how I reply:\n\n>“Billions of people around the world don’t have the luxury to access dollars. For them, bitcoin is a lifeline. [Here is a letter from 21 human rights activists from 20 different countries to the US congress explaining why bitcoin helps the struggle for global freedom.](https://www.financialinclusion.tech/)”\n\n—————\n\nEffectiveness against different types of bitcoin critics:\n\n# (TYPE 1) Bigot Class\n\nDescription: Fomenting, extreme hardcore anti-bitcoiners who have aneurysms when they see or hear the word bitcoin\n\nThese folks won’t change their mind no matter what you say. However, when they see the above, even they have no comeback whatsoever, so they just downvote you and don’t reply.\n\nResult: Extremely Effective\n\n\n\n# (TYPE 2) Sneer Class\n\nDescription: Anti-bitcoin echo chamber cheerleaders\n\nThese are people who enjoy social clout from sneering at bitcoin but don’t actually have a lot of experience thinking very deeply about pro- or even anti- bitcoin talking points.\n\nWhen faced with the above, they can’t think of any socially acceptable counter-sneer. So they silently read and don’t upvote or downvote, instead retreating to other topics with a newly found respect for bitcoin, even if only a mild one.\n\nResult: Extremely Effective\n\n\n\n# (TYPE 3) Normie Class\n\nDescription: Never thought much about bitcoin, just regurgitate headlines and popular anti-bitcoin talking points to fit in\n\nThis represents the vast majority of people who say bitcoin has no value. When they are confronted with such compelling evidence from respectable authorities on the subject of human rights, they often upvote the comment and sometimes even reply back with genuine interest, saying things like “thank you for sharing this” or “I didn’t know this about bitcoin” or “I can’t believe more people aren’t talking about this”.\n\nResult: Extremely Effective\n\n—————\n\nTL;DR \\- The above copy/paste comment succinctly and effectively dismantles anti-bitcoin critics of all kinds.\n\nUse it, spread it.', 'https://www.reddit.com/r/Bitcoin/comments/13gubel/the_perfect_reply_to_bitcoin_has_no_value_use_it/', '13gubel', [['u/BusinessBreakfast3', 12, '2023-05-14 01:45', 'https://www.reddit.com/r/Bitcoin/comments/13gubel/the_perfect_reply_to_bitcoin_has_no_value_use_it/jk24jul/', 'I usually say: send me 1 for free', '13gubel']]], ['u/AGOTFAN', '🇨🇳 Fast X first day presale still only ~20% of F9. If no significant improvement in the next 3 days & WoM is bad, then even lower than #GotGVol3 total could happen.', 66, '2023-05-14 01:12', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/', 'Source: \nhttps://twitter.com/bulletproofsqui/status/1657417600341774337?t=-BTcw_f2R6s1ybCXqy3i3g&s=19', 'https://i.imgur.com/37ReZXl.png', '13gvri2', [['u/ALHOWE6', 13, '2023-05-14 01:18', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk21aaw/', 'This disputes what Firefox posted which showed about a 10% increase in presales vs F9.', '13gvri2'], ['u/REQ52767', 29, '2023-05-14 01:40', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk23z8k/', 'As was the case for Guardians 3, this movie is screwed if it isn’t good. If it’s good, it’ll overcome and be a hit like Guardians.', '13gvri2'], ['u/Secure_Ad1628', 12, '2023-05-14 01:45', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk24krx/', 'This is first day only, I think Firefox posts full presales apart from OD', '13gvri2'], ['u/and_dont_blink', 13, '2023-05-14 04:56', 'https://www.reddit.com/r/boxoffice/comments/13gvri2/fast_x_first_day_presale_still_only_20_of_f9_if/jk2pwp2/', 'family fatigue', '13gvri2']]], ['u/ljapa', 'It’s absolutely amazing that there is over $1.3B in Casascius coins not redeemed', 33, '2023-05-14 05:00', 'https://www.reddit.com/r/Bitcoin/comments/13h0oyz/its_absolutely_amazing_that_there_is_over_13b_in/', 'At current pricing [the unredeemed Casascius coins are valued at over $1.3 billion dollars](https://casascius.uberbills.com/).\n\nOver 1/3 of that is in 1000 bitcoin coins and bars. \n\nI find it amazing for a number of reasons. It seems pretty clear that Mike Caldwell was legit. More value has been redeemed than hasn’t. That means redemption works. There’s also been no claims I’ve ever heard of that it didn’t work, meaning Mike didn’t keep any keys. \n\nEven a 0.1 Casascius coin represents $2600+ dollars. Unlike a hardware wallet where you can backup your seed, each coin is a single point of failure. I’d have to imagine the larger ones are in safes, but I still wonder how a plastic hologram would hold up in a fire, even in a safe. I can’t imagine owning one of the remaining 1,000 BTC coins/bars and being comfortable protecting that value. Of course, even with my DCA, I’ll never have that much net worth. \n\nIn 2011, when the coins were first produced, [bitcoin peaked at $30](https://www.sofi.com/learn/content/bitcoin-price-history/). On the one hand, I can imagine some of those early Casascius coins being lost because they weren’t worth much, but on the other hand, I can’t imagine someone buying one in 2011 who wasn’t a true believer. \n\nI’m still amazed $1.3B is locked up in unredeemed ones.', 'https://www.reddit.com/r/Bitcoin/comments/13h0oyz/its_absolutely_amazing_that_there_is_over_13b_in/', '13h0oyz', [['u/NvrIdle', 34, '2023-05-14 06:07', 'https://www.reddit.com/r/Bitcoin/comments/13h0oyz/its_absolutely_amazing_that_there_is_over_13b_in/jk2wybi/', 'The newbies here most likely don’t even know what casascious coins even are. Those were the days. Mike Caldwell was ahead of his time and got nothing but heat from the US government for creating them. He was also one of the first people to seriously mine bitcoin with GPU’s. He made multiple YouTube video’s on his mining setup back in the day and paved the way for a lot us to do the same until AICS’s came out. \n\nMike is just about as OG as they get in bitcoin, and I’ve got nothing but respect. Hats off to the guy. Thanks for everything you’ve done Mike!', '13h0oyz']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, May 14, 2023', 26, '2023-05-14 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/', '13h1xa1', [['u/skycake21', 10, '2023-05-14 07:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk332s1/', 'Sell in may and go away..\nHere comes July, set orders to buy...', '13h1xa1'], ['u/Essexal', 11, '2023-05-14 09:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk3arkw/', 'Under 28 is still cheap ;-)', '13h1xa1'], ['u/viralhysteria', 11, '2023-05-14 12:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk3qzby/', "it's kinda funny you're so confidently saying 25.3 is the start of the support area when I literally had to tell you why 25.3 was even support to begin with like a day ago. what if I was wrong? \n\nthere are way too many certainties in your post, focus on what's happening now. \n\nif we continue to hold 26.6-26.9 for at least another day or two there's a pretty high chance we could easily test low 28s before resuming the downtrend if we didn't bottom yesterday. We're pretty close to invalidating the downtrend as it is so unless we start picking up momentum again my bias is starting to lean neutral/cautiously optimistic.", '13h1xa1'], ['u/dopeboyrico', 18, '2023-05-14 14:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk3x9y3/', 'Decision on the debt ceiling.\n\nThe House and Senate are both in session at the same time only through the 18th this week before the x date. After that the House and Senate are in session on non-overlapping days through the x date.\n\nX date is as early as June 1st. When the x date occurs, if a decision is not yet made, the government would no longer be able to pay all of their obligations on time. Treasury bonds would most likely be prioritized to avoid a technical default but Social Security, Medicare, tax refunds, and military salaries would likely end up getting delayed.\n\nCongress is going to end up raising the debt ceiling last minute but the closer we get to the x date with no decision made, the more volatile markets will be as people start to get fearful and price in the severe repercussions of not raising the debt ceiling.', '13h1xa1'], ['u/btchodler4eva', 10, '2023-05-14 16:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4dh02/', 'I keep reading doom and gloom predictions about an oncoming recession in the next 6 months: 8+% unemployment, deflation, stocks crash, etc. I’m curious about what folks here are making of it.', '13h1xa1'], ['u/iEyeOpen', 14, '2023-05-14 17:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4h23j/', "The market participants are being manipulated in order to not buy and participate in the soon upcoming mini bullrun. By the time it's obvious there was nothing to fear, we'll be at much higher levels. The poors need to miss out on every cycle, either through fear or because they can't afford it financially. IMO all the negative impact on the market was a huge inside plan. People in powerful positions are either evil or stupid, only that explains what has happened so far for years.", '13h1xa1'], ['u/diydude2', 16, '2023-05-14 17:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4lezl/', '> ...oncoming recession...\n\nFor all intents and purposes, we\'ve been in a recession since 2008. Things like the iPhone made GDP numbers look OK, but it was all borrowed money. Corporations borrowed money and hired. Government at all levels did the same. Normally, this would be fine if real production followed, but it did not. We got a bunch of money moving around, some silly apps; meanwhile, our infrastructure continued crumbling, our military was ground down and left behind technologically (we don\'t have hypersonic missiles or any way to defend against them, and our planes are a joke now compared to the Sukhoi series), and the middle class sunk slowly into the lower class with home ownership out of reach for many. \n\nSo, yeah, "oncoming recession" is euphemism for "ongoing and worsening depression."', '13h1xa1'], ['u/dopeboyrico', 24, '2023-05-14 17:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk4noyv/', 'Recession means 2 or more consecutive quarters of negative GDP. That’s all it means.\n\nIt doesn’t mean high unemployment, high inflation, deflation, or anything other than 2 or more consecutive quarters of negative GDP. A recession could be accompanied by these other metrics but it doesn’t necessarily need to.\n\nMedia outlets take advantage of financial illiteracy and the fact that most people have no idea what a recession actually is in order to feed people fear porn because it gets clicks and helps them generate ad revenue. I can’t remember the last time media outlets were NOT claiming a recession is right around the corner.\n\nCould there be a recession coming? Sure. Should you let the fear of a recession impact your long-term financial decision making? Absolutely not. Keep enough savings to cover 6 months worth of expenses at any given time in case of emergency. Invest absolutely everything else or prepare to see your purchasing power decimated by consistent monetary debasement.', '13h1xa1'], ['u/xtal_00', 10, '2023-05-14 20:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/13h1xa1/daily_discussion_sunday_may_14_2023/jk5b83b/', 'This is a very astute observation.\n\nGovernments everywhere hired massively and paid people to do nothing. Corporations too.\n\nWe need to make more stuff and and develop more energy resources. Fast.', '13h1xa1']]], ['u/36Taylor36', 'Money Supply Falling Rapidly', 38, '2023-05-14 06:25', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/', " The Money Supply Has Plummeted In The Biggest Drop Since The Great Depression. The last time the year-over-year change in the money supply slipped into negative territory was in November 1994. (Bond crash). \n\n\nMoney supply growth can often be a helpful measure of economic activity and an indicator of coming recessions. During periods of economic boom, money supply tends to grow quickly as commercial banks make more loans. Recessions, on the other hand, tend to be preceded by slowing rates of money supply growth. \n\n\nThe fact that the money supply is shrinking at all is so remarkable because the money supply almost never gets smaller. The money supply has now fallen by $2.2 trillion (or 10.2 percent) since the peak in April 2022. Proportionally, the drop in money supply since 2022 is the largest fall we've seen since the Depression. (Rothbard estimates that in the lead up to the Great Depression, the money supply fell by 12 percent from its peak of $73 billion in mid-1929 to $64 billion at the end of 1932.) \n\n\nThis all points toward rapidly declining economic activity in an economy where real savings and investments have been hollowed out by more than a decade of easy money. Bitcoin has only ever existed in easy money. Easy money, easy gains. ... My below post contains a chart", 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/', '13h2f11', [['u/lmaccaro', 12, '2023-05-14 07:40', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk34qfe/', 'Eh, more like reversion to the mean.\n\nhttps://fred.stlouisfed.org/series/M2SL\n\nM2 is a poor indicator of "money supply" these days anyhow. \n\nYour assignment for this week is to think of all the ways money enters, leaves, gets created, or destroyed, in the US ecosystem, that M2 doesn\'t track.\n\nhttps://fred.stlouisfed.org/series/M2V\n\nVelocity is up which I think is bullish, if anything.', '13h2f11'], ['u/daxtaslapp', 22, '2023-05-14 11:06', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3jbxq/', 'Every day is doomsaday again lol. Thats what gets the views, anyway', '13h2f11'], ['u/Independent-Snow-909', 15, '2023-05-14 12:12', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3nr77/', 'Love your graph. Oooo we increased the money supply by 80% in a couple years then had inflation...no way. Who could have predicted? It better be negative now. 😂', '13h2f11'], ['u/biddilybong', 11, '2023-05-14 13:32', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3tsuu/', 'Bullish for inflation maybe', '13h2f11'], ['u/jessecole', 118, '2023-05-14 13:32', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3tuos/', 'We need the money supply to fall. It’s a deflationary measure to counter all the printing during 2020 and QE. I see it as a good thing.', '13h2f11'], ['u/optimaleverage', 10, '2023-05-14 13:55', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk3vs0w/', 'That QT for ya.', '13h2f11'], ['u/tripplebackflip546', 24, '2023-05-14 15:01', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk427ig/', 'Jeez, come on! 2/3 of all the money supply was printed in the last 2-3 years! It MUST fall', '13h2f11'], ['u/dolphan117', 22, '2023-05-14 15:05', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk42nuk/', 'Agreed, but it’s very painful medicine. I got downvoted endlessly during the pandemic for trying to point out that most of pandemic policy was incredibly short sighted and was likely to have very painful long term consequences. \n\nLockdowns destroyed supply chains, enhanced unemployment benefits that ran a good deal longer then they needed to helped keep people out of the workforce for longer, and the fed keeping rates low and buying bonds well after the economy had stabilized and was recovering are all looking like horrible miscalculations now. \n\nAt the time though if you tried to point out the likely long term consequences of any of it you were furiously attacked. I’ve started somewhat believing any policy that’s widely popular on redit is probably a bad idea long term.', '13h2f11'], ['u/dolphan117', 11, '2023-05-14 15:09', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk435cv/', 'This is the thing that blows my mind about the fed and it’s “transitory” designation. How can any reasonably intelligent person who has some grasp of history and economic theory honestly believe that increasing money supply by that much in that short a period of time won’t creat real inflation? \n\nAnd not only believe that it won’t, but even when CPI, Ppi, and every other inflation gauge starts going up in a nearly straight line still looks at it with a serious expression and pretends it’s not real?\n\nThe level of bias that takes is amazing to me.', '13h2f11'], ['u/4rt3m0rl0v', 20, '2023-05-14 15:19', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk445h5/', 'No, this isn’t what it means at all. \n\nWe need the money supply to fall massively to get inflation under control. It was all the money printing that created inflation. 10% is nothing. The money supply went parabolic! 34% more than we had in 2019 was printed. \n\nThe FOMC is simply “rolling off” its balance sheet. It’s selling a massive number of Treasury bonds each month to reduce the money supply. This is deliberate. The other aspect to combating inflation is raising interest rates to slow down the economy. \n\nThis is an absolutely good development. It’s far better than runaway inflation. We need to delete all of the extra money that was printed, not just a meager 10%. \n\nComparing what’s happening now to the Great Depression doesn’t make any sense. The US was unrecognizably different back then. You really need to compare to a post-1945 “modern” period.', '13h2f11'], ['u/harbison215', 24, '2023-05-14 16:11', 'https://www.reddit.com/r/StockMarket/comments/13h2f11/money_supply_falling_rapidly/jk4a82h/', 'This. I’m actually surprised the fed is following through on it. M2 increased by about 8 trillion from 2020 to 2022. We’ve only seen a little more than a trillion back out. I’ve read estimates that the fed was looking to pull back 3 trillion over 3 years.', '13h2f11']]], ['u/AwkwardHamburge', 'Weekly hopium for those that are losing hope:Current state of the Market', 20, '2023-05-14 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2lg7/weekly_hopium_for_those_that_are_losing/', "Okay, I know many of you think that the market might be going to new lows, and alts are prolly gonna lose half their value and more, while most of us are heavily invested at this point. \n\nSo here's the macro state of the market in my opinion: it took a massive black swan event like FTX to bring BTC below 20k, while most people understimate that event, we know nothing of the implications it had as beginners, the more I dig in it, I find that it was such a horrible case of fraud that shaked the sentiment like never before and ruined the liquidity of the market for more than two months (even worse than LUNA), but let's not go into details. Whales saw the great opportunity and snatched all the BTC they can at 16k. That's why we saw that glorious pump to 30k. So now after Saylor went fully degen again, did you really think we'll shoot straight up again. No, it was too obvious, markets aren't in a healthy state for that. So a correction to 26k was actually the best thing to happen.\n\nOne more crucial thing, the narrative that BTC developed with the Banking crisis, although IMHO it's misinterpreted by many, has made the bullish case for BTC much stronger. \n\nSo all in all, I'm not afraid at all personally, I stacked BTC between 16k-20k and have been buying alts like DOT and some small caps like CELR and GLMR aggressively, because I know whats coming. If Alts go further down, I ll buy even more. For god's sake I've been a sitting in stables since January 2022 till December 2022 (Except for a few scalps) exactly to accumulate at these absurdly low levels, I might sell a few tops here and there to buy lower and bring down my average, but I'm not cashing out anytime soon. Keep in mind I'm investing a cap in alts I'm totally ready to lose. But in the case that BTC goes below 17k I'll reconsider my whole plan, to protect my capital.\n\n\nSo don't be fooled by this recent price action, do what you have to do to protect your capital but don't get shaken out at levels where people make real gains. Always expect the unexpected.\n\nBe optimistic guys, Crypto is here to stay, do your research, make a plan according to your situation, but stick around and don't lose hope. This is the stage where people lose hope, not in the deep bear, because here people get tempted by cashing out at minimal loss or gain and sit the crabbing out.\n\nThis is my very biased personal opinion and analysis of sentiment and market state, I included my personal olams to put things in context. \n\nFINANCIAL ADVICE THIS IS NOT*\n\n#stay away from leverage", 'https://www.reddit.com/r/CryptoCurrency/comments/13h2lg7/weekly_hopium_for_those_that_are_losing/', '13h2lg7', [['u/nick83487', 20, '2023-05-14 06:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2lg7/weekly_hopium_for_those_that_are_losing/jk2ziiw/', "I don't see why anyone would lose hope now, if you were going to lose hope, it should have been months ago when things were far worse.", '13h2lg7']]], ['u/SF-USSS', 'AMA on r/Cryptocurrency with the U.S. Secret Service and REACT Task Force - May 15th, 11am PT', 416, '2023-05-14 06:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/', "Greetings r/Cryptocurrency, we are with the U.S. Secret Service’s San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team, better known as REACT.\n\nYou probably know the Secret Service protects the leaders of the United States, but did you know we’re also responsible for safeguarding the nation’s financial infrastructure? In today’s world, that often involves the world of cryptocurrency.\n\nHere in San Francisco, we have a squad dedicated to keeping cryptocurrency and its users safe. We are comprised of Special Agents and Analysts who have embraced the future of money, and we’re eager to share our work with this cryptocurrency community and provide resources and education to help keep your money safe. We’re also eager to learn from you.\n\nHere are a few resources to learn more about what the Secret Service does:\n\n* [Secret Service - Cyber Investigations](https://www.secretservice.gov/investigation/cyber)\n* [Secret Service: Safeguarding the Next Generation Currency (YouTube)](https://www.youtube.com/watch?v=H_B3xLXhXy8)\n\nThe REACT Task Force is a multi-jurisdictional team focused on the investigation of high-tech crimes. REACT works to disrupt criminal networks, identify emerging threats, and assist on cases requiring specialized expertise. In the past 12 months, our team has investigated “Pig Butchering” cryptocurrency thefts and we have recovered millions in stolen funds. We want to share resources and tips on how to protect potential victims from cryptocurrency scammers.\n\nHere are a few resources to learn more about what REACT does:\n\n* [How Pig Butchering Works](https://www.propublica.org/article/whats-a-pig-butchering-scam-heres-how-to-avoid-falling-victim-to-one)\n* [Operation Shamrock](https://cyberscoop.com/erin-west-pig-butchering-cryptocurrency-scams/)\n* [South Bay Tech Crime Team Aids Bust in Big Bitcoin Theft](https://www.mercurynews.com/2021/11/18/canadian-kid-arrested-in-eight-figure-bitcoin-theft-after-investigation-aided-by-south-bay-tech-crime-team/)\n\nHere are some recent cases the USSS and REACT have been involved in:\n\n* [Three Individuals Charged for Alleged Roles in Twitter Hack](https://www.justice.gov/usao-ndca/pr/three-individuals-charged-alleged-roles-twitter-hack)\n* [Cryptocurrency Scam Victim Gets $100k Back](https://www.forbes.com/sites/cyrusfarivar/2022/10/22/cryptocurrency-scam-victim-who-lost-over-1-million-to-get-over-100000-back-prosecutor-says/?sh=745ef10033c2)\n* [Alleged Russian Cryptocurrency Money Launderer Extradited to United States](https://www.secretservice.gov/newsroom/releases/2022/08/alleged-russian-cryptocurrency-money-launderer-extradited-united-states)\n* [Ten Hackers Arrested for String of SIM-Swapping Attacks Against Celebrities](https://www.europol.europa.eu/media-press/newsroom/news/ten-hackers-arrested-for-string-of-sim-swapping-attacks-against-celebrities)\n* [Court Authorized the Seizure of Domains Used in Furtherance of Pig Butchering Schemes](https://www.secretservice.gov/newsroom/releases/2022/11/court-authorizes-seizure-domains-used-furtherance-cryptocurrency-pig)\n* [Bitcoin of America](https://www.secretservice.gov/newsroom/releases/2023/03/three-individuals-and-one-business-indicted-engaging-pattern-corrupt)\n\nYou can expect to see these two accounts on this thread:\n\n* /u/SF-USSS \\- U.S. Secret Service \| Digital Asset Technology Alliance \| San Francisco\n* /u/REACT-TF \\- REACT Task Force \| Santa Clara County District Attorney's Office\n\nVerification: [https://i.imgur.com/7k4VIMD.jpg](https://i.imgur.com/7k4VIMD.jpg)\n\nWe’ll be here answering questions on May 15th from 11am PT until 1pm PT. Please feel free to submit questions in advance, and we’ll do our best to answer as many as possible.\n\nDo you want to put your passion for cryptocurrency or cybersecurity to good use? We’re looking to hire 450 Special Agents this year. For more information visit [www.secretservice.gov/join](https://www.secretservice.gov/join)", 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/', '13h2mar', [['u/ominous_anenome', 41, '2023-05-14 07:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk327j7/', 'Thanks for doing the AMA! \n\nCurious about a few things:\n\n1. In your experience, what are some immediate actions someone should take if they fall victim to a cryptocurrency scam in order to maximize their chances at retrieving the funds?\n\n2. In your post you suggest that members of your team are cryptocurrency enthusiasts. How has your work dealing with scams changed your perception about the space (if at all)? \n\n3. What’s your take on the differences in traditional finance vs. cryptocurrency scams? What would you say to someone who says “cryptocurrency is useless and is only used by scammers or illegal purposes”?', '13h2mar'], ['u/Ethan0307', 14, '2023-05-14 07:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk33ofr/', "I can't even think of questions to ask the secret service, I'm too starstruck", '13h2mar'], ['u/Pooky135790', 11, '2023-05-14 07:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk34e9s/', 'Thank you for doing this AMA, I do have a few questions I would be interested in:\n\n1. How easy is it for the Secret Service to track people through cryptocurrency? Is it really as anonymous as we think it is?\n\n2. What is the governments view on the regulation on crypto? Where is it heading?\n\n3. What is the secret service doing to prevent / catch money laundering through crypto \n\nThank you', '13h2mar'], ['u/MrMoustacheMan', 16, '2023-05-14 07:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk35txm/', 'Appreciate the outreach and interaction with our community, thank you 🙏 \n\nYou mentioned a multi-jurisdictional approach - how often do you collaborate with international authorities?\n\nIs it frustrating to track a criminal network only to find they’re located overseas? Or are there still happy endings when you identify perpetrators of scams who originate outside of the US?', '13h2mar'], ['u/Eluchel', 16, '2023-05-14 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk36r0x/', 'chuckles thought this was a comedy tag at first. \nKinda cool.\n\nHow much do cryptocurrency related crimes that come across your desks differ from traditional finance crimes and how much do solving then differ from each other?', '13h2mar'], ['u/noob_zarathustra', 29, '2023-05-14 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk36s13/', "Do you guys know anything about Satoshi that is not commonly known? And is there any ongoing investigation to uncover the identity of Satoshi?\n\nAlso, was any branch of the US govt involved with any aspect of Bitcoin's development in its early days?", '13h2mar'], ['u/johnnyb0083', 13, '2023-05-14 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk37u5j/', 'Do you have any statistics on which US phone carriers are the most susceptible to SIM swap attacks?', '13h2mar'], ['u/Qptimised', 14, '2023-05-14 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk38dbo/', 'Very much appreciated for this AMA. \n\nWhat is the toughest case to crack so far for the team?', '13h2mar'], ['u/redeyechris', 10, '2023-05-14 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3e62y/', 'Hi, I understand that the cooperation with the European agencies is somehow good but how is it with the Russian and the Chinese ones? Is there any communication at all when it comes to cyber crime?', '13h2mar'], ['u/caco101', 19, '2023-05-14 10:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3gr5t/', 'What does the team think about Monero XMR?', '13h2mar'], ['u/Kindly-Show-7473', 13, '2023-05-14 11:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3izej/', 'I have heard that many exchanges like Coinbase have a list of wallets owned by known bad actors in order to disallow users to send crypto to those wallets. Does REACT work with exchanges to help identify these wallets owned by bad actors?', '13h2mar'], ['u/jbtravel84', 29, '2023-05-14 12:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3n0hh/', 'Hello! Thanks for doing this AMA and providing clarity. Couple questions for me.\n\nIs there a certain amount in cryptocurrency lost that becomes your threshold before taking on the case?\n\nLastly, what are your thoughts on agencies that promise to recover funds for a % of funds + upfront fee and so called “crypto bounty hunters”?', '13h2mar'], ['u/cakeovercookies', 13, '2023-05-14 12:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3ofmc/', 'Thanks for doing the AMA. Question is with pure scams in the token industry. How come, we haven’t seen enforcement against what I would call the low hanging fruit for example hybrid block run by former winter olympic apollo ohno. They ripped off $50 million and got away with it and nothing comes of anything with scams that we as a community can blantly see. \n\nThis is just one reference of literally hundreds if not thousands of crypto scams that not a single agency has touched, and if the tokens are securities, then how come enforcement hasnt been done against the pure scam?\n\n[article on hybrid token](https://dirty.fund/allysian-sciences-execs-sued-for-50-million-in-crypto-fraud/)', '13h2mar'], ['u/rjm101', 34, '2023-05-14 12:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3oqjj/', "What is being done with regards to Celsius Network with approximately 300,000 people's savings lost as a result. As per the examiners report there are ~7000 missing transactions between their UK to US company that needs a full investigation. The CEO Alex Mashinsky lied about how Celsius handled deposits, who has ownership when held in Celsius and lied about this so called overcollaterlised lending therefore severely understating the risk. It was also revealed that Celsius was not in fact paying out 80% of interest to users as advertised but rather depending on more deposits than withdrawals effectively making it a Ponzi. In addition Celsius Networks former CFO Yaron Shalem was arrested in connection to money laundering at his previous firm Singulariteam.\n\nTDLR: billions lost + missing transactions + thousands of harmed US citizens + money laundering connections + ponzi like operation + countless misrepresentations \xa0🚩\xa0🚩🚩", '13h2mar'], ['u/CryptoRevolutionGuy', 50, '2023-05-14 12:37', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3pivh/', 'Please look into safemoon and the fraud john karony. Millions in usd stolen.', '13h2mar'], ['u/griswaldwaldwald', 23, '2023-05-14 12:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3qrpk/', 'How exactly do you confiscate crypto? Do you beat the private keys out of people?', '13h2mar'], ['u/ice_blade_sorc', 14, '2023-05-14 13:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3s8ut/', "If you're a secret service, then an AMA wouldn't make you secret anymore right?", '13h2mar'], ['u/jimfird', 10, '2023-05-14 13:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3tjed/', 'Ten awards on a comment that is one hour old? No other comment have any awards at all. Seems very sus, not saying it’s not a valid question but seems like heavy manipulation.', '13h2mar'], ['u/bennn30', 13, '2023-05-14 13:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3tmzk/', 'I can appreciate reaching out and having some dialogue. Thank you for the upcoming opportunity', '13h2mar'], ['u/89Hopper', 15, '2023-05-14 13:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3tya9/', 'Are you a cop? You legally have to say if you are a cop!', '13h2mar'], ['u/SupportWaste9161', 12, '2023-05-14 13:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3uhqt/', 'Why are US lawmakers allowing us to be left behind and therefore miss out on the innovation and prosperity that cryptocurrency development would bring?', '13h2mar'], ['u/giddyup281', 10, '2023-05-14 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk3vfuc/', 'Well this is going exactly as expected...', '13h2mar'], ['u/midlifcrissis', 21, '2023-05-14 15:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk43kms/', 'If you want to get the scammers, open a twitter account and join a crypto community then ask for help the 87 replies you get in 30 seconds are a scammer! Start there', '13h2mar'], ['u/jml3837', 12, '2023-05-14 15:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4862h/', 'Has the Secret Service looked in what went on at Celsius? There seems to be a lot of evidence of scams and outright fraud. Surely, Alex Machinsky and his wife can’t simply steal user deposits and spend it how they please.', '13h2mar'], ['u/StrangeInsight', 13, '2023-05-14 16:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4biax/', "Has tracking crime on chain been meaningfully different in any distinct way? I'd imagine its sophisticated nature would lead to a unique class of actors; has the threat level been profiled to be different from that of a more typical crime committed in USD? \n\nHow do you go about divining the individual criminal behind the Digital Wallet? Aside from subpoenaing the Exchange offramp, and trusting that the KYC hasn't been corrupted by a malicious actor?\n\nThanks for coming by the Sub and hanging out. Be safe out there!", '13h2mar'], ['u/masstransience', 13, '2023-05-14 17:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4gghj/', 'What’s the best security recommendation you have for someone holding crypto?', '13h2mar'], ['u/diarpiiiii', 27, '2023-05-14 17:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4hz3n/', 'What’s your stance on Monero? Is it seen as a threat by your organizations?', '13h2mar'], ['u/Lilca87', 26, '2023-05-14 17:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4l2e0/', 'Please look into SafeMoon. U/TNGsystems has all the evidence you need.', '13h2mar'], ['u/Fatgorillaz', 10, '2023-05-14 17:46', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4mhhd/', "Awesome that you would do this! \nDoes you agency (as a general view, I'm sure there are differing opinions) see crypto as the next big thing that has some bad actors that need to be investigated. Or as a nuisance that needs to be cracked down on and eliminated? \n\nI'm sure this is a spectrum so feel free to elaborate please.", '13h2mar'], ['u/iBilbo69', 10, '2023-05-14 18:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4pzh1/', "Curious if your agents have any requirements about holding personal crypto portfolios. Difficult ground if you'd have insider info from investigations.", '13h2mar'], ['u/andymill20', 13, '2023-05-14 18:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4rrop/', 'Does the USSS have a dive team to recover all of the Monero that got lost in unfortunate boating accidents?', '13h2mar'], ['u/tbandtg', 17, '2023-05-14 18:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4vpph/', 'I would like to see Safemoon investigated for fraud.', '13h2mar'], ['u/ominous_anenome', 14, '2023-05-14 19:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk4yxvw/', 'What are the typical backgrounds of people on your team in terms of prior cryptocurrency experience, technical expertise, and educational background?', '13h2mar'], ['u/Legitimate-Finger-19', 10, '2023-05-14 23:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/jk5x50r/', 'How is printing stablecoins like Tether not seen as counterfeiting?', '13h2mar']]], ['u/NoPomegranate2840', 'shit is one bossy btch 😭', 35, '2023-05-14 06:42', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/', 'i’ve never watched her live before but in the 5 minutes i’ve been on it, she has bossed trevon around the ennnntire time lmfao\n\nshe made him get her drink out the fridge, then she told him to get the dogs inside AND THEN she asked him to throw her boba away when she was done with it 💀\n (he was sitting with her everytime she asked for something 😭😭)\n\nidk ab y’all but i never ask my friends to do things for me at my own house lol. especially asking them to get me drinks & throw shit away.', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/', '13h2r6o', [['u/[deleted]', 16, '2023-05-14 06:46', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk30e06/', 'She’s always treated him like a little servant. It’s disgusting and sad actually lol', '13h2r6o'], ['u/sabruuuh', 22, '2023-05-14 09:31', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk3cwac/', 'I don’t feel bad for him one bit. People have pointed out that he is treated poorly and he has a whole asshole(😂) of excuses defending the way she treats him.', '13h2r6o'], ['u/shimmersugaa', 10, '2023-05-14 09:56', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk3ekgo/', "she's so mean to him i don't get it", '13h2r6o'], ['u/True_Philosopher_509', 13, '2023-05-14 14:29', 'https://www.reddit.com/r/christenwhitmansnark/comments/13h2r6o/shit_is_one_bossy_btch/jk3z0n2/', 'Massa’s racist side is showing hella hard.', '13h2r6o']]], ['u/HappyAndVegan', 'I bought bitcoin at 1$, sold at 10$ and couldn’t be happier', 101, '2023-05-14 07:59', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/', 'I was around 18 back then, day traded and invested in bitcointalk.com businesses (scams). I lost 90% of the money, a year of my life (glued to my smartphone), but then recouped all the losses thanks to increased exchange rate and got out.\n\nNow I run my own business and understand the value of hard work over gambling. So I guess something good can come out of crypto after all 😂\n\nJust thought I’d share because cryptobros often fantasize about getting in early. Even if I did get rich off bitcoin I’d still be a naive looser and money would run out sooner or later. Now I’m an employer and provide actual physical products that help people. I never think of the coins I had except for how valuable lesson that fiasco taught me.\n\nAnyone here has a similar experience?', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/', '13h446e', [['u/HappyAndVegan', 39, '2023-05-14 08:03', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/jk36i3b/', 'For comedic effect I’m gonna disclose one the bitcointalk “stocks” I bought was part of a solar panel for some dude in the Netherlands who was supposed to slowly pay back dividends thanks to energy costs he saved 😂\n\nRest was obviously a typical ponzi.', '13h446e'], ['u/leducdeguise', 12, '2023-05-14 13:31', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/jk3trxk/', '> Once a loser always a loser I guess\n\nTalking from experience?', '13h446e'], ['u/KolyaVolk', 12, '2023-05-14 14:07', 'https://www.reddit.com/r/Buttcoin/comments/13h446e/i_bought_bitcoin_at_1_sold_at_10_and_couldnt_be/jk3wwdy/', "Somewhat similar. I bought BTC at about $10 on Sealswithclubs which was a BTC poker site that popped up a few years after UIGEA had crushed online poker.\n\nAnyway there was a collective lobby chat and I remember speculation about what would happen after the halvening at the time, people saying BTC might even go all the way up to $20!!\n\nAnyway, I played for a couple months, then stopped, sold my BTC at like $25? I forget..Made a few hundred bucks and forgot about it until things hit the mainstream. Happily married with a baby, good career, but obviously I've thought about what if.", '13h446e']]], ['u/rBitcoinMod', 'Daily Discussion, May 14, 2023', 42, '2023-05-14 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13g8z1d/daily_discussion_may_13_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/', '13h46m7', [['u/connell83', 18, '2023-05-14 11:58', 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/jk3mthe/', 'Thanks for your random guess.', '13h46m7'], ['u/nassauboy9', 10, '2023-05-14 23:04', 'https://www.reddit.com/r/Bitcoin/comments/13h46m7/daily_discussion_may_14_2023/jk5uafv/', "Well, I think there are people here with multiple purposes.\n\n1. Yes there are those looking at it as an investment (get rich)\n2. There are those looking at safe storage of money (as an asset that can't be confiscated)\n3. Then there are those that just want a protection agains inflation (preservation) \n\n\nMyself Im in it for all three. My MAIN one being #2, although I do not mind making a few bucks on the way up #1, and have sold for the purpose of diversifying into an income producing asset as well.\n\n\n\nAs time goes on (mainly the intro of the CBDC's happens - and the government starts wielding the control of a CDBC) people will start to realize the benefit of what I term digital gold (which I also hold physically)", '13h46m7']]], ['u/StarTrekVeteran', 'Binance - Crazy transfer fees - Which network to use', 10, '2023-05-14 08:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/', 'Hi All,\n\nNew to crypto so not a trader - DCA was the way to go. \n\nSo I did my usual split between BTC and ETH on Binance (really safe play) and then went to transfer to my ledger - not your keys ... etc\n\nThe network that Binance comes up when I copy in the wallet address is Bitcoin which will charge me 0.001 BTC. This makes DCA unviable as its 50% of my monthly DCA amount! \nOn Binance, I can switch to the BNB Smart Chain (BEP20) network which will only charge me 0.00000039 BTC.\n\nI was planning to do a test transmission before sending full amount. Before I start throwing BTC around does anyone have any advice?', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/', '13h4ync', [['u/Florian995', 11, '2023-05-14 08:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/jk3a4rv/', 'Don’t send on the BNB chain. You will get a wrapped Bitcoin. The Bitcoin fees are super high right nord. because of Ordinals. Just wait a month or so. I was always paying like $3 on Binance', '13h4ync'], ['u/alterise', 10, '2023-05-14 09:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13h4ync/binance_crazy_transfer_fees_which_network_to_use/jk3doei/', 'The “wrapped” BTC you get on BNB chain isn’t even WBTC* but Binance’s self-issued BTCB.\n\nThis is almost as good as not withdrawing your BTC from binance at all since BTCB’s peg is guaranteed by them - if binance happens to fail for whatever reason, BTCB will lose its value.\n\nAlways hodl your coins on their native chains. Binance has recently said that they’ll be supporting bitcoin’s lightning network so there’s that to look forward to.\n\nWBTC or wrapped BTC is independently issued on Ethereum by a [consortium of DAOs and merchants](https://wbtc.network).', '13h4ync']]], ['u/middlemangv', 'There is something special behind the idea of owning 1 BTC', 140, '2023-05-14 11:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13h7nov/there_is_something_special_behind_the_idea_of/', 'It is a milestone for a lot of people and it really is a big chunk of money. Especially if you are living in a country that has lower life standards and think about owning 1 BTC and then BTC reaching new ATH.\n\nThere is something behind the idea of owning 1 BTC. THere will always and forever be 21 million of BTC, couple of million are already lost, burned, or lost. And the dream is to have 1, full, round BTC.\n\nWhen I think about it, there is nothing so special having one round number - 1 BTC. But I was reading an article yesterday that was posted on this sub about million addresses having 1 BTC, and that is a milliona... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin was trading over $27K to recover some lost ground from its plunge last week.\nInsights:The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins.\nCoinDesk Market Index (CMI)\n1,158\n+8.4▲0.7%\nBitcoin (BTC)\n$27,165\n+433.8▲1.6%\nEthereum (ETH)\n$1,820\n+23.6▲1.3%\nS&P 500\n4,124.08\n−6.5▼0.2%\nGold\n$2,020\n+5.4▲0.3%\nNikkei 225\n29,388.30\n+261.6▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,158", "+8.4\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,165", "+433.8\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,820", "+23.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,124.08", "\\u22126.5\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,388.30", "+261.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nHopeful Signs for BTC at $27K\nAfter seven days of plunging prices, bitcoin steadied.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties.\n"Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we\'re seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV\'s "First Mover" program on Friday.\n"When there\'s less liquidity, you\'re going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto."\nEther, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was up 0.8%.\nLeading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively.\n"Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I\'m happy to see the correlation fall between traditional risk assets, traditional equities and crypto."\nIn an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive."\nThis week, DiPasquale is looking for bitcoin\'s price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again."\n"We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Does the Recent Stablecoin Supply Ratio Mean for Bitcoin?\nThe Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin.\nThe metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself.\nA higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing.\nThe recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices.\n3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting\n4:30 p.m. HKT/SGT(8:30 UTC)Bank of England Monetary Policy Report Hearings\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Industrial Production s.a. (MoM/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail\nBitcoin (BTC) continued to lose ground in the wake of CoinDesk\'s Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform\'s plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation.\nBinance Announces Exit from Canada, Citing Regulatory Tensions:The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.\nEthereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours:When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven\'t determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty.\nAmong Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s:Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.\nMakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token:Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.\nHouse Democrats Consider New Stablecoin Bill Proposal, Source:The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was trading over $27K to recover some lost ground from its plunge last week.\nInsights:The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins.\nCoinDesk Market Index (CMI)\n1,158\n+8.4▲0.7%\nBitcoin (BTC)\n$27,165\n+433.8▲1.6%\nEthereum (ETH)\n$1,820\n+23.6▲1.3%\nS&P 500\n4,124.08\n−6.5▼0.2%\nGold\n$2,020\n+5.4▲0.3%\nNikkei 225\n29,388.30\n+261.6▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,158", "+8.4\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,165", "+433.8\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,820", "+23.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,124.08", "\\u22126.5\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,388.30", "+261.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nHopeful Signs for BTC at $27K\nAfter seven days of plunging prices, bitcoin steadied.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties.\n"Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we\'re seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV\'s "First Mover" program on Friday.\n"When there\'s less liquidity, you\'re going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto."\nEther, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was up 0.8%.\nLeading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively.\n"Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I\'m happy to see the correlation fall between traditional risk assets, traditional equities and crypto."\nIn an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive."\nThis week, DiPasquale is looking for bitcoin\'s price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again."\n"We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Does the Recent Stablecoin Supply Ratio Mean for Bitcoin?\nThe Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin.\nThe metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself.\nA higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing.\nThe recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices.\n3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting\n4:30 p.m. HKT/SGT(8:30 UTC)Bank of England Monetary Policy Report Hearings\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Industrial Production s.a. (MoM/March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail\nBitcoin (BTC) continued to lose ground in the wake of CoinDesk\'s Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform\'s plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation.\nBinance Announces Exit from Canada, Citing Regulatory Tensions:The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.\nEthereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours:When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven\'t determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty.\nAmong Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s:Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.\nMakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token:Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.\nHouse Democrats Consider New Stablecoin Bill Proposal, Source:The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.', 'Good morning. Here’s what’s happening: Prices: Bitcoin was trading over $27K to recover some lost ground from its plunge last week. Insights: The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins. Prices CoinDesk Market Index (CMI) 1,158 +8.4 ▲ 0.7% Bitcoin (BTC) $27,165 +433.8 ▲ 1.6% Ethereum (ETH) $1,820 +23.6 ▲ 1.3% S&P 500 4,124.08 −6.5 ▼ 0.2% Gold $2,020 +5.4 ▲ 0.3% Nikkei 225 29,388.30 +261.6 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,158 +8.4 ▲ 0.7% Bitcoin (BTC) $27,165 +433.8 ▲ 1.6% Ethereum (ETH) $1,820 +23.6 ▲ 1.3% S&P 500 4,124.08 −6.5 ▼ 0.2% Gold $2,020 +5.4 ▲ 0.3% Nikkei 225 29,388.30 +261.6 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Hopeful Signs for BTC at $27K After seven days of plunging prices, bitcoin steadied. The largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties. "Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we\'re seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV\'s "First Mover" program on Friday. "When there\'s less liquidity, you\'re going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto." Ether, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. The CoinDesk Market Index , a measure of the crypto market\'s performance, was up 0.8%. Story continues Leading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively. "Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I\'m happy to see the correlation fall between traditional risk assets, traditional equities and crypto." In an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive." This week, DiPasquale is looking for bitcoin\'s price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again." "We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +5.3% Entertainment Terra LUNA +3.7% Smart Contract Platform Cardano ADA +2.4% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −0.5% Smart Contract Platform Insights What Does the Recent Stablecoin Supply Ratio Mean for Bitcoin? The Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin. Stablecoin Supply Ratio (Glassnode) The metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself. A higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing. The recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices. Important events. 3:00 p.m. HKT/SGT(7:00 UTC) Eurogroup Meeting 4:30 p.m. HKT/SGT(8:30 UTC) Bank of England Monetary Policy Report Hearings 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Industrial Production s.a. (MoM/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail Bitcoin (BTC) continued to lose ground in the wake of CoinDesk\'s Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform\'s plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation. Headlines Binance Announces Exit from Canada, Citing Regulatory Tensions : The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours : When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven\'t determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty. Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s : Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now. MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token : Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance. House Democrats Consider New Stablecoin Bill Proposal, Source : The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.', 'Jackson WY --News Direct-- 500NewsWire Jackson WY, May 14, 2023 ( 500NewsWire ) – Rebel Mining Company is pleased to announce the appointment of David Branscum as Chief Commercial Officer. In this role, David will be responsible for sales operations, marketing, and business development. David brings over 20 years of experience in corporate sales experience, and is well known in the Bitcoin Mining space for his expertise in immersion cooling. Prior to joining Rebel, David founded Hydropod, an immersion cooling consultant firm, deploying 24 MW of immersion, and 5 MW of system repair and optimization. "We are very excited to have David on our team," said Neil Galloway, COO. "With his expertise and reputation in the mining space, we are confident that David will be a valuable contributor to the future of Rebel." David Branscum has a fine art degree from Abilene Christian University. In his free time, enjoys art, guitar, and mining Bitcoin. About Rebel Mining: "Rebel Mining is the type of organization that this market desperately needs," said Branscum. "Their professionalism and operational acumen are unmatched in this space. They\'ve done an incredible amount of building in a challenging market, and I look forward to helping them add to an already impressive track record." For more information about Rebel Mining, please visit rebelmines.io or call (307)284-5698 or email [email protected] Contact Details Rebel Mining, 680 S. Cache St., Suite 100-8790 Jackson, WY 83001 +1 307-284-5698 [email protected] Company Website https://www.rebelmines.io/ View source version on newsdirect.com: https://newsdirect.com/news/rebel-mining-company-names-david-branscum-as-chief-commercial-officer-962937150', 'Jackson WY --News Direct-- 500NewsWire Jackson WY, May 14, 2023 ( 500NewsWire ) – Rebel Mining Company is pleased to announce the appointment of David Branscum as Chief Commercial Officer. In this role, David will be responsible for sales operations, marketing, and business development. David brings over 20 years of experience in corporate sales experience, and is well known in the Bitcoin Mining space for his expertise in immersion cooling. Prior to joining Rebel, David founded Hydropod, an immersion cooling consultant firm, deploying 24 MW of immersion, and 5 MW of system repair and optimization. "We are very excited to have David on our team," said Neil Galloway, COO. "With his expertise and reputation in the mining space, we are confident that David will be a valuable contributor to the future of Rebel." David Branscum has a fine art degree from Abilene Christian University. In his free time, enjoys art, guitar, and mining Bitcoin. About Rebel Mining: "Rebel Mining is the type of organization that this market desperately needs," said Branscum. "Their professionalism and operational acumen are unmatched in this space. They\'ve done an incredible amount of building in a challenging market, and I look forward to helping them add to an already impressive track record." For more information about Rebel Mining, please visit rebelmines.io or call (307)284-5698 or email [email protected] Contact Details Rebel Mining, 680 S. Cache St., Suite 100-8790 Jackson, WY 83001 +1 307-284-5698 [email protected] Company Website https://www.rebelmines.io/ View source version on newsdirect.com: https://newsdirect.com/news/rebel-mining-company-names-david-branscum-as-chief-commercial-officer-962937150', 'Bitcoin prices rose on Monday morning in Asia to above US$27,000 amid higher transaction fees due to congestion on the network. Ether managed to rise above the US$1,800 support level while its blockchain developers say they have added updates to fix what caused last week\x92s performance issues. Litecoin led the gainers amongst other top 10 non-stable coin cryptocurrencies. U.S. equity futures edged down on Friday as U.S. investors fear a possible debt default. See related article: Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain Bitcoin, Ether edges up from weekly losses Image: Envato Elements Bitcoin gained 1.15% to US$27,010 in the 24 hours to 9:30 a.m. in Hong Kong, according to CoinMarketCap data. It posted a weekly loss of 5.18%. Over the weekend, the world\x92s largest cryptocurrency recorded a 2-month low, falling to US$25,964 on Saturday. The token has been experiencing network congestion with the popularity of Bitcoin Ordinals and new BRC-20 memecoins Pepe and Floki, driving up transaction costs. Ether edged up 0.69% to US$1,809, maintaining the key US$1,800 support level, but down\xa0 3.54% over the past seven days. The Ethereum blockchain experienced technical issues twice on May 11 and 12 that caused the network to halt finalizing blocks, concerning users of the blockchain\x92s performance stability. On Saturday, Ethereum blockchain consultant Superphiz said on Twitter that the issue \x97 which \x93appears to have been caused by a high load on some Consensus Layers clients, which in turn was caused by an exceptional scenario\x93 \x97 had been resolved. Ethereum developers deployed updates in response to the tech problem, Superphiz confirmed. All other top 10 non-stablecoin cryptocurrencies traded higher on Monday morning. Litecoin led the gains, adding 3.97% to US$83.50. The Bitcoin-like cryptocurrency faced a surge in interest due to the higher transaction fees affecting the world\x92s most dominant digital currency. Litecoin is also having its quadrennial block halving event on Aug. 3. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher. The total crypto market capitalization rose 0.43% in the past 24 hours to US$1.13 trillion. The total trading volume dropped 3.02% to US$22.07 billion. NFT index rises, Bitcoin Ordinals post highest sales The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.97% to 3,342.85 points in the 24 hours to 12:30 p.m. in Hong Kong, but is down 5.10% for the week. Story continues NFT sales on the Ethereum blockchain fell 15.52% in the past 24 hours to US$12.74 million, according to Cryptoslam data. However, NFT buyers on the Ethereum blockchain totaled 53,417 in the past seven days \x97 a 188.55% increase from the previous week. With the continuing rise in popularity of Bitcoin Ordinals \x97 a type of NFT that are inscribed on individual satoshis, the smallest unit of Bitcoin \x97 Bitcoin placed second on Cryptoslam\x92s blockchain ranking by NFT sales volume. That was an 80% rise taking the total to US$2.11 million. \x93NFTs on the OG blockchain were red hot,\x94 said Yehudah Petscher, an NFT strategist at Forkast Labs. As a result, he added, \x93the Bitcoin ecosystem seems to be in \x91up only\x92 mode right now, and when that will end, nobody knows.\x94 Ordinals also had the highest sales in the past seven days among NFT collections, jumping 459.16% to US$15.5 million. Binance NFT marketplace announced on May 9 that it plans to support the Bitcoin-based NFTs later this month. U.S. equity futures dip on default fears U.S. Secretary of the Treasury Janet Yellen \| Image: Getty Images U.S. stock futures traded flat to lower as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.039%. The S&P 500 futures fell 0.042%, while the Nasdaq Composite futures lost 0.078%. The three U.S. indexes fell in regular trading on Friday as concerns remain about liquidity at regional banks and delays in talks to raise the debt ceiling. Treasury Secretary Janet Yellen said earlier in May that the Treasury will start to fail to meet U.S. payment obligations as early as June 1. Faster action is needed by Congress to avoid that scenario, she said.. But with an agreement yet to be reached, concern that the crisis could lead to a debt default is affecting general investor sentiment. During last week\x92s Group of Seven finance ministers meeting in Japan, Yellen said that a U.S. default would spark an \x93economic and financial catastrophe\x94 that will trigger a \x93global economic downturn.\x94 Yellen plans to update Congress on just how close the country is to defaulting on its financial obligations in the next two weeks, Bloomberg reported Saturday. Meanwhile, President Joe Biden and congressional leaders are scheduled to gather this week to discuss the forthcoming \x93X date,\x94 or when the government may go into default. On June 14, the Federal Reserve will decide its next move on interest rates. The rate of between 5 and 5.25% is the highest since 2006. The CME FedWatch Tool predicts a 84.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 15.5% chance for another 25 basis-point rate hike, up from 3.9% on Friday. View comments', 'Bitcoin prices rose on Monday morning in Asia to above US$27,000 amid higher transaction fees due to congestion on the network. Ether managed to rise above the US$1,800 support level while its blockchain developers say they have added updates to fix what caused last week’s performance issues. Litecoin led the gainers amongst other top 10 non-stable coin cryptocurrencies. U.S. equity futures edged down on Friday as U.S. investors fear a possible debt default.\nSee related article:Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain\nBitcoin gained 1.15% to US$27,010 in the 24 hours to 9:30 a.m. in Hong Kong, according to CoinMarketCap data. It posted a weekly loss of 5.18%.\nOver the weekend, the world’s largest cryptocurrency recorded a 2-month low, falling to US$25,964 on Saturday. The token has been experiencing network congestion with the popularity of Bitcoin Ordinals and new BRC-20memecoinsPepe and Floki, driving up transaction costs.\nEther edged up 0.69% to US$1,809, maintaining the key US$1,800 support level, but down\xa0 3.54% over the past seven days.\nThe Ethereum blockchain experiencedtechnical issuestwice on May 11 and 12 that caused the network to halt finalizing blocks, concerning users of the blockchain’s performance stability.\nOn Saturday, Ethereum blockchain consultant Superphizsaidon Twitter that the issue — which “appears to have been caused by a high load on some Consensus Layers clients, which in turn was caused by an exceptional scenario“ — had been resolved.\nEthereum developers deployed updates in response to the tech problem, Superphiz confirmed.\nAll other top 10 non-stablecoin cryptocurrencies traded higher on Monday morning. Litecoin led the gains, adding 3.97% to US$83.50. The Bitcoin-like cryptocurrency faced asurgein interest due to the higher transaction fees affecting the world’s most dominant digital currency.\nLitecoin is also having its quadrennial block halving event on Aug. 3. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher.\nThe total crypto market capitalization rose 0.43% in the past 24 hours to US$1.13 trillion. The total trading volume dropped 3.02% to US$22.07 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.97% to 3,342.85 points in the 24 hours to 12:30 p.m. in Hong Kong, but is down 5.10% for the week.\nNFT sales on the Ethereum blockchain fell 15.52% in the past 24 hours to US$12.74 million, according toCryptoslamdata. However, NFT buyers on the Ethereum blockchain totaled 53,417 in the past seven days — a 188.55% increase from the previous week.\nWith the continuing rise in popularity of Bitcoin Ordinals — a type of NFT that are inscribed on individual satoshis, the smallest unit of Bitcoin — Bitcoin placed second on Cryptoslam’s blockchain ranking by NFT sales volume. That was an 80% rise taking the total to US$2.11 million.\n“NFTs on the OG blockchain were red hot,” said Yehudah Petscher, an NFT strategist at Forkast Labs. As a result, he added, “the Bitcoin ecosystem seems to be in ‘up only’ mode right now, and when that will end, nobody knows.”\nOrdinals also had the highest sales in the past seven days among NFT collections, jumping 459.16% to US$15.5 million. Binance NFT marketplaceannouncedon May 9 that it plans to support the Bitcoin-based NFTs later this month.\nU.S. stock futures traded flat to lower as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.039%. The S&P 500 futures fell 0.042%, while the Nasdaq Composite futures lost 0.078%. The three U.S. indexes fell in regular trading on Friday as concerns remain about liquidity at regional banks and delays in talks to raise the debt ceiling.\nTreasury Secretary Janet Yellensaidearlier in May that the Treasury will start to fail to meet U.S. payment obligations as early as June 1. Faster action is needed by Congress to avoid that scenario, she said.. But with an agreement yet to be reached, concern that the crisis could lead to a debt default is affecting general investor sentiment.\nDuring last week’s Group of Seven finance ministers meeting in Japan, Yellen said that a U.S. default would spark an “economic and financial catastrophe” that will trigger a “global economic downturn.”\nYellen plans to update Congress on just how close the country is to defaulting on its financial obligations in the next two weeks,Bloombergreported Saturday.\nMeanwhile, President Joe Biden and congressional leaders are scheduled to gather this week to discuss the forthcoming “X date,” or when the government may go into default.\nOn June 14, the Federal Reserve will decide its next move on interest rates. The rate of between 5 and 5.25% is the highest since 2006. TheCME FedWatchTool predicts a 84.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 15.5% chance for another 25 basis-point rate hike, up from 3.9% on Friday.', 'Bitcoin prices rose on Monday morning in Asia to above US$27,000 amid higher transaction fees due to congestion on the network. Ether managed to rise above the US$1,800 support level while its blockchain developers say they have added updates to fix what caused last week’s performance issues. Litecoin led the gainers amongst other top 10 non-stable coin cryptocurrencies. U.S. equity futures edged down on Friday as U.S. investors fear a possible debt default.\nSee related article:Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain\nBitcoin gained 1.15% to US$27,010 in the 24 hours to 9:30 a.m. in Hong Kong, according to CoinMarketCap data. It posted a weekly loss of 5.18%.\nOver the weekend, the world’s largest cryptocurrency recorded a 2-month low, falling to US$25,964 on Saturday. The token has been experiencing network congestion with the popularity of Bitcoin Ordinals and new BRC-20memecoinsPepe and Floki, driving up transaction costs.\nEther edged up 0.69% to US$1,809, maintaining the key US$1,800 support level, but down\xa0 3.54% over the past seven days.\nThe Ethereum blockchain experiencedtechnical issuestwice on May 11 and 12 that caused the network to halt finalizing blocks, concerning users of the blockchain’s performance stability.\nOn Saturday, Ethereum blockchain consultant Superphizsaidon Twitter that the issue — which “appears to have been caused by a high load on some Consensus Layers clients, which in turn was caused by an exceptional scenario“ — had been resolved.\nEthereum developers deployed updates in response to the tech problem, Superphiz confirmed.\nAll other top 10 non-stablecoin cryptocurrencies traded higher on Monday morning. Litecoin led the gains, adding 3.97% to US$83.50. The Bitcoin-like cryptocurrency faced asurgein interest due to the higher transaction fees affecting the world’s most dominant digital currency.\nLitecoin is also having its quadrennial block halving event on Aug. 3. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher.\nThe total crypto market capitalization rose 0.43% in the past 24 hours to US$1.13 trillion. The total trading volume dropped 3.02% to US$22.07 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.97% to 3,342.85 points in the 24 hours to 12:30 p.m. in Hong Kong, but is down 5.10% for the week.\nNFT sales on the Ethereum blockchain fell 15.52% in the past 24 hours to US$12.74 million, according toCryptoslamdata. However, NFT buyers on the Ethereum blockchain totaled 53,417 in the past seven days — a 188.55% increase from the previous week.\nWith the continuing rise in popularity of Bitcoin Ordinals — a type of NFT that are inscribed on individual satoshis, the smallest unit of Bitcoin — Bitcoin placed second on Cryptoslam’s blockchain ranking by NFT sales volume. That was an 80% rise taking the total to US$2.11 million.\n“NFTs on the OG blockchain were red hot,” said Yehudah Petscher, an NFT strategist at Forkast Labs. As a result, he added, “the Bitcoin ecosystem seems to be in ‘up only’ mode right now, and when that will end, nobody knows.”\nOrdinals also had the highest sales in the past seven days among NFT collections, jumping 459.16% to US$15.5 million. Binance NFT marketplaceannouncedon May 9 that it plans to support the Bitcoin-based NFTs later this month.\nU.S. stock futures traded flat to lower as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.039%. The S&P 500 futures fell 0.042%, while the Nasdaq Composite futures lost 0.078%. The three U.S. indexes fell in regular trading on Friday as concerns remain about liquidity at regional banks and delays in talks to raise the debt ceiling.\nTreasury Secretary Janet Yellensaidearlier in May that the Treasury will start to fail to meet U.S. payment obligations as early as June 1. Faster action is needed by Congress to avoid that scenario, she said.. But with an agreement yet to be reached, concern that the crisis could lead to a debt default is affecting general investor sentiment.\nDuring last week’s Group of Seven finance ministers meeting in Japan, Yellen said that a U.S. default would spark an “economic and financial catastrophe” that will trigger a “global economic downturn.”\nYellen plans to update Congress on just how close the country is to defaulting on its financial obligations in the next two weeks,Bloombergreported Saturday.\nMeanwhile, President Joe Biden and congressional leaders are scheduled to gather this week to discuss the forthcoming “X date,” or when the government may go into default.\nOn June 14, the Federal Reserve will decide its next move on interest rates. The rate of between 5 and 5.25% is the highest since 2006. TheCME FedWatchTool predicts a 84.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 15.5% chance for another 25 basis-point rate hike, up from 3.9% on Friday.', 'South Korea is preparing regulations for digital assets, including cryptocurrency trading, which will set the country’s framework for supervising the developing and often volatile industry. But behind the scenes is a fight for power between the financial authorities.\nThe Financial Services Commission, the financial regulator known as the FSC, oversees the local cryptocurrency market and industry, but thecentral bank last month saidit wants the authority to demand access to data at cryptocurrency platforms.\nThe squabble surfaced again on April 25 when bank and FSC representatives and lawmakers met at the National Assembly to discuss the cryptocurrency regulation bill, according to theofficial transcriptof the meeting. FSC vice chairman Kim So-young said at the meeting the central bank’s right to data should not include cryptocurrencies, arguing that the tokens are currently not widely used for payments.\nBank of Korea Deputy Governor Lee Jong-ryeol was also at the meeting and disagreed.\n“Due to the significant impact of the cryptocurrency market on the financial system, it is necessary to require cryptocurrency operators to submit documents to identify the impact on the conduct of monetary and credit policy, financial stability, and the payment and settlement system,” he said.\nThe FSC finally agreed to the central bank’s request for it to have access to data from crypto companies written into the upcoming legislation, saying it wants to accelerate the process for building a legal framework for cryptocurrencies. However, the dispute may well re-appear, said crypto industry officials.\nSee related article:Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain\nThe central bank may have a point, according to data in aMarch 2023 report by Statista.\nSouth Korea has seen successive waves of what the report calls “cryptocurrency fever,” adding that around 10% of South Korea’s population of about 52 million people were invested in cryptocurrencies when Bitcoin hit a record high in 2021.\nThe country is one of the world’s biggest cryptocurrency markets, according to the Statista report, which said the country’s exchanges accounted for more than 9% of global crypto trading volume in August 2021.\nFurther, on May 19, 2021, the daily trading volume of cryptocurrencies on South Korean exchanges reached 23.7 trillion South Korean won (US$17.7 billion) or more than the value of equities traded on the country’s stock market, according to the report.\nWhile crypto prices fell sharply in 2022 amid a series of project failures – including the US$40 billion collapse of the South Korean Terra-Luna stablecoin followed by the FTX exchange – the central bank is concerned about the future.\n“The Bank of Korea wants to monitor any instances where a cryptocurrency company could undermine the stability of payment or financial systems,” said Park Sun-young, professor of economics at Seoul-based Dongguk University via email on Wednesday.\nThe central bank also reasoned in anApril reportthat stablecoins, a type of cryptocurrency with a value fixed to another asset, can be used as a substitute for fiat currency and hence influence monetary stability.\nSouth Korea’s digital asset industry is broadly welcoming of the national initiative to bring regulatory clarity to the crypto industry, but is concerned clarity could suffer if financial authorities are themselves involved in disputes over who is in charge.\n“The existing supervision [by the FSC] is sufficient for the industry, so when the Bank of Korea becomes another mother-in-law for the crypto sector, the industry may get overwhelmed [by regulations],” Kim Hyoung-joong, president of the Korea Fintech Society said in an email response to questions.\nSouth Korea’s Democratic Party lawmaker Kim Han-gyu was present at the National Assembly meeting in support of the central bank.\nAccording to local news outletSeoul Economic Daily, Kim said the crypto market contributes to an increase in household debt, saying that more than 60% of total loans from South Korea’s online K-Bank in the last two years were made to users of its partner Upbit, South Korea’s largest crypto exchange.\nUpbit partnered with K-Bank in 2020 as lawsmandatedthat every exchange should have local banks provide users’ real-name deposit and withdrawal accounts for anti-money laundering purposes. Upbit users borrowed 4.9 trillion Korean won (US$3.7 billion) from K-Bank from July 2020 to the end of last year, according to lawmaker Kim.\nSee related article:South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this year\nHowever, while the FSC gave some ground to the Bank of Korea in the shaping of the new law, concerns remain about the demarcation between the two authorities.\nRuling People Power Party member Yoon Han-hong said in the assembly meeting that having the central bank involved in supervision of crypto companies can leave the false impression that the country acknowledges crypto as a payment measure.\nThe power struggle between the two will likely continue, said Kim at the Korea Fintech Society. “The two might collide again when developing the enforcement decree that comes after completing the law,” he said.\nBut there is an upside to having the central bank more involved in setting crypto regulations, added Kim, saying this could be a positive for developing use of stablecoins or cryptocurrencies in payment systems.\nSouth Korea plans to complete its crypto regulatory framework in two parts — the first has an emphasis on consumer protection and legislators are to pass the first bill into law within the first half of 2023.\nThe second part focuses on standardizing the issue of crypto tokens and disclosure of information to investors. The ultimate goal, according to lawmakers, is to build a transparent, even playing field for the cryptocurrency industry in South Korea.', 'South Korea is preparing regulations for digital assets, including cryptocurrency trading, which will set the country’s framework for supervising the developing and often volatile industry. But behind the scenes is a fight for power between the financial authorities. The Financial Services Commission, the financial regulator known as the FSC, oversees the local cryptocurrency market and industry, but the central bank last month said it wants the authority to demand access to data at cryptocurrency platforms. The squabble surfaced again on April 25 when bank and FSC representatives and lawmakers met at the National Assembly to discuss the cryptocurrency regulation bill, according to the official transcript of the meeting. FSC vice chairman Kim So-young said at the meeting the central bank’s right to data should not include cryptocurrencies, arguing that the tokens are currently not widely used for payments. Bank of Korea Deputy Governor Lee Jong-ryeol was also at the meeting and disagreed. “Due to the significant impact of the cryptocurrency market on the financial system, it is necessary to require cryptocurrency operators to submit documents to identify the impact on the conduct of monetary and credit policy, financial stability, and the payment and settlement system,” he said. The FSC finally agreed to the central bank’s request for it to have access to data from crypto companies written into the upcoming legislation, saying it wants to accelerate the process for building a legal framework for cryptocurrencies. However, the dispute may well re-appear, said crypto industry officials. See related article: Goldman Sachs, Microsoft, Moody’s, others to join new financial industry blockchain Big market The central bank may have a point, according to data in a March 2023 report by Statista . South Korea has seen successive waves of what the report calls “cryptocurrency fever,” adding that around 10% of South Korea’s population of about 52 million people were invested in cryptocurrencies when Bitcoin hit a record high in 2021. Story continues The country is one of the world’s biggest cryptocurrency markets, according to the Statista report, which said the country’s exchanges accounted for more than 9% of global crypto trading volume in August 2021. Further, on May 19, 2021, the daily trading volume of cryptocurrencies on South Korean exchanges reached 23.7 trillion South Korean won (US$17.7 billion) or more than the value of equities traded on the country’s stock market, according to the report. While crypto prices fell sharply in 2022 amid a series of project failures – including the US$40 billion collapse of the South Korean Terra-Luna stablecoin followed by the FTX exchange – the central bank is concerned about the future. “The Bank of Korea wants to monitor any instances where a cryptocurrency company could undermine the stability of payment or financial systems,” said Park Sun-young, professor of economics at Seoul-based Dongguk University via email on Wednesday. The central bank also reasoned in an April report that stablecoins, a type of cryptocurrency with a value fixed to another asset, can be used as a substitute for fiat currency and hence influence monetary stability. Welcome South Korea’s digital asset industry is broadly welcoming of the national initiative to bring regulatory clarity to the crypto industry, but is concerned clarity could suffer if financial authorities are themselves involved in disputes over who is in charge. “The existing supervision [by the FSC] is sufficient for the industry, so when the Bank of Korea becomes another mother-in-law for the crypto sector, the industry may get overwhelmed [by regulations],” Kim Hyoung-joong, president of the Korea Fintech Society said in an email response to questions. South Korea’s Democratic Party lawmaker Kim Han-gyu was present at the National Assembly meeting in support of the central bank. According to local news outlet Seoul Economic Daily , Kim said the crypto market contributes to an increase in household debt, saying that more than 60% of total loans from South Korea’s online K-Bank in the last two years were made to users of its partner Upbit, South Korea’s largest crypto exchange. Upbit partnered with K-Bank in 2020 as laws mandated that every exchange should have local banks provide users’ real-name deposit and withdrawal accounts for anti-money laundering purposes. Upbit users borrowed 4.9 trillion Korean won (US$3.7 billion) from K-Bank from July 2020 to the end of last year, according to lawmaker Kim. See related article: South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this year Struggle However, while the FSC gave some ground to the Bank of Korea in the shaping of the new law, concerns remain about the demarcation between the two authorities. Ruling People Power Party member Yoon Han-hong said in the assembly meeting that ha Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $533,181,080,000 - Hash Rate: 350796104.00304 - Transaction Count: 526379.0 - Unique Addresses: 579485.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Bitcoin (BTC) hung precariously around $30,000 Wednesday afternoon after the latestConsumer Price Index (CPI) reportshowed inflation cooling slightly but not by as much as economists had expected. The largest cryptocurrency by market capitalization was recently at $30,030, off a few fractions of a percentage point over the past 24 hours, according to CoinDesk’s data. BTC’s price reached as high as $30,548 earlier Wednesday after the Bureau of Labor Statistics’ much-watched inflation reading showed the CPI rising 0.1% increase in March, slower than economists' 0.2% forecast for the month and then February’s 0.4% reading. On a year-over-year basis, the CPI was higher by 5%, down from 6% in February and against expectations of 5.2%. BTC's profit-taking is "intensifying" following the report, Edward Moya, senior market analyst at foreign exchange Oanda, wrote in a Wednesday note. “It seems the momentum rally for bitcoin might be over for now,” Moya wrote. “Inflation hedge and or a breaking of its correlation from equities might subside for a while.” He added that BTC looks poised to consolidate as "it will clearly need a robust catalyst to keep the rally going.” Ether (ETH), the second-largest cryptocurrency in market value, was recently trading at $1,914, up 0.3% from Tuesday, same time. Validators and market watchers are eyeing Ethereum’sShanghai (or Shapella) upgrade, which is scheduled to go live at 6:27 p.m. ET (22:27 UTC). Read more:LIVE BLOG: Ethereum's Shanghai Upgrade Crypto analysts and tradersare split on the event’smarket impact with some expecting ETH selling pressure to send the token’s price downward, but others foreseeing little significant price impact. “While there is plenty of short-term concern around what happens once staked ETH is unlocked, long term the ability to enter and exit at will opens the doors for new entrants to the market that may have been wary of locking their funds for an indeterminate period of time,” Jim Myers, founder and chief technology officer at blockchain analytics platform Flipside Crypto, told CoinDesk in an email. BTC and ETH have risen by more than 6% and 4%, respectively, in the past seven days. TheCoinDesk Market Index(CMI), which measures the overall crypto market performance, was down 0.2% for the day but rose by 2.2% in the past seven days. Equity markets turned mixed on Wednesday afternoon. The S&P 500 and Dow Jones Industrial Average (DJIA) were recently trading up 0.3% and 0.5%, respectively. The tech-heavy Nasdaq was almost flat.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin was stable around $27,300. Insights: Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive. Prices CoinDesk Market Index (CMI) 1,169 +12.5 ▲ 1.1% Bitcoin (BTC) $27,170 +253.1 ▲ 0.9% Ethereum (ETH) $1,817 +17.0 ▲ 0.9% S&P 500 4,136.28 +12.2 ▲ 0.3% Gold $2,020 +5.7 ▲ 0.3% Nikkei 225 29,626.34 +238.0 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,169 +12.5 ▲ 1.1% Bitcoin (BTC) $27,170 +253.1 ▲ 0.9% Ethereum (ETH) $1,817 +17.0 ▲ 0.9% S&P 500 4,136.28 +12.2 ▲ 0.3% Gold $2,020 +5.7 ▲ 0.3% Nikkei 225 29,626.34 +238.0 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Quiet market translates to less bullish energy Crypto markets were quiet, and prices for both bitcoin ( BTC ) and ether ( ETH ) were trading below their 20-day moving average . As CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move. According to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/ask spreads – the difference between the price a buyer is willing to pay and what a seller will accept – is wide, especially after some market makers quit crypto. "The prices of most digital assets are stuck in a wind tunnel," Dorman in a newsletter. In traditional finance , stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government, with the Treasury\'s borrowings moving closer to the official limit. Biggest Gainers Asset Ticker Returns DACS Sector Raydium RAY +4.41% DeFi ARPA ARPA +3.25% Computing OMG Network OMG +1.76% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Lido DAO LDO -10.04% DeFi The Graph GRT -9.05% Computing Liquity LQTY -8.23% DeFi Insights Funding rates remain positive in crypto markets Perpetual futures funding rates remain positive for both bitcoin and ether, a sign that sentiment in the market remains positive for the moment. Story continues Funding rates on bitcoin perpetual futures. (Glassnode) Perpetual funding rates represent payments within the futures markets between participants who are long or short the asset. When funding rates are positive, holders of long positions pay a fee to holders of short positions. When funding rates are negative, the opposite is the case. The interpretation is that funding rates can often indicate bullish or bearish sentiment, with the former represented by positive rates, and the latter represented by negative ones. For bitcoin funding rates have been positive in 8 of the most recent 10 trading days. Ether by comparison has shown positive funding rates in 7 of the most recent days, declining to zero 3 times, but not falling below zero since April 6. Important events. 10:00 a.m. HKT/SGT(2:00 UTC) China Retail Sales (YoY/April) 2:00 p.m. HKT/SGT(6:00 UTC) United Kingdom Claimant Count Change (April) 8:30 p.m. HKT/SGT(12:30 UTC) Bank of Canada Consumer Price Index Core (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Bounces Back Above $27K; Binance Plans Exit From Canada Bitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch, corpus.ventures CEO and Slock.it founder, also joined the conversation. Headlines Weekly DEX Volume on BNB Chain Hits Highest in a Year : Lower fees and Binance’s popularity are among the reasons noted by market analysts. Bitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees : The firm says El Salvador will serve as its base for operations in Latin America. Polygon Co-Founder Launches Web3 Fellowship Program : Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year. South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker\'s Transfers : Lawmaker Kim Nam-kuk resigned from the main opposition party after his crypto transfers incited controversy. Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment : The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was stable around $27,300.\nInsights:Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive.\nCoinDesk Market Index (CMI)\n1,169\n+12.5▲1.1%\nBitcoin (BTC)\n$27,170\n+253.1▲0.9%\nEthereum (ETH)\n$1,817\n+17.0▲0.9%\nS&P 500\n4,136.28\n+12.2▲0.3%\nGold\n$2,020\n+5.7▲0.3%\nNikkei 225\n29,626.34\n+238.0▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,169", "+12.5\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,170", "+253.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,817", "+17.0\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.28", "+12.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.7\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,626.34", "+238.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet market translates to less bullish energy\nCrypto markets were quiet, and prices for both bitcoin (BTC) and ether (ETH) weretrading below their 20-day moving average.\nAs CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.\nAccording to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/ask spreads – the difference between the price a buyer is willing to pay and what a seller will accept – is wide, especially after somemarket makers quit crypto.\n"The prices of most digital assets are stuck in a wind tunnel," Dorman in a newsletter.\nIntraditional finance, stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government, with the Treasury\'s borrowings moving closer to the official limit.\n[{"Asset": "Raydium", "Ticker": "RAY", "Returns": "+4.41%", "DACS Sector": "DeFi"}, {"Asset": "ARPA", "Ticker": "ARPA", "Returns": "+3.25%", "DACS Sector": "Computing"}, {"Asset": "OMG Network", "Ticker": "OMG", "Returns": "+1.76%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Lido DAO", "Ticker": "LDO", "Returns": "-10.04%", "DACS Sector": "DeFi"}, {"Asset": "The Graph", "Ticker": "GRT", "Returns": "-9.05%", "DACS Sector": "Computing"}, {"Asset": "Liquity", "Ticker": "LQTY", "Returns": "-8.23%", "DACS Sector": "DeFi"}]\nFunding rates remain positive in crypto markets\nPerpetual futures funding rates remain positive for both bitcoin and ether, a sign that sentiment in the market remains positive for the moment.\nPerpetual funding rates represent payments within the futures markets between participants who are long or short the asset. When funding rates are positive, holders of long positions pay a fee to holders of short positions. When funding rates are negative, the opposite is the case.\nThe interpretation is that funding rates can often indicate bullish or bearish sentiment, with the former represented by positive rates, and the latter represented by negative ones.\nFor bitcoin funding rates have been positive in 8 of the most recent 10 trading days. Ether by comparison has shown positive funding rates in 7 of the most recent days, declining to zero 3 times, but not falling below zero since April 6.\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/April)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Claimant Count Change (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Bank of Canada Consumer Price Index Core (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Bounces Back Above $27K; Binance Plans Exit From Canada\nBitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch,corpus.venturesCEO andSlock.itfounder, also joined the conversation.\nWeekly DEX Volume on BNB Chain Hits Highest in a Year:Lower fees and Binance’s popularity are among the reasons noted by market analysts.\nBitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees:The firm says El Salvador will serve as its base for operations in Latin America.\nPolygon Co-Founder Launches Web3 Fellowship Program:Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.\nSouth Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker\'s Transfers:Lawmaker Kim Nam-kuk resigned from the main opposition party after his crypto transfers incited controversy.\nBankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment:The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was stable around $27,300.\nInsights:Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive.\nCoinDesk Market Index (CMI)\n1,169\n+12.5▲1.1%\nBitcoin (BTC)\n$27,170\n+253.1▲0.9%\nEthereum (ETH)\n$1,817\n+17.0▲0.9%\nS&P 500\n4,136.28\n+12.2▲0.3%\nGold\n$2,020\n+5.7▲0.3%\nNikkei 225\n29,626.34\n+238.0▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,169", "+12.5\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,170", "+253.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,817", "+17.0\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,136.28", "+12.2\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.7\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,626.34", "+238.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet market translates to less bullish energy\nCrypto markets were quiet, and prices for both bitcoin (BTC) and ether (ETH) weretrading below their 20-day moving average.\nAs CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.\nAccording to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/ask spreads – the difference between the price a buyer is willing to pay and what a seller will accept – is wide, especially after somemarket makers quit crypto.\n"The prices of most digital assets are stuck in a wind tunnel," Dorman in a newsletter.\nIntraditional finance, stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government, with the Treasury\'s borrowings moving closer to the official limit.\n[{"Asset": "Raydium", "Ticker": "RAY", "Returns": "+4.41%", "DACS Sector": "DeFi"}, {"Asset": "ARPA", "Ticker": "ARPA", "Returns": "+3.25%", "DACS Sector": "Computing"}, {"Asset": "OMG Network", "Ticker": "OMG", "Returns": "+1.76%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Lido DAO", "Ticker": "LDO", "Returns": "-10.04%", "DACS Sector": "DeFi"}, {"Asset": "The Graph", "Ticker": "GRT", "Returns": "-9.05%", "DACS Sector": "Computing"}, {"Asset": "Liquity", "Ticker": "LQTY", "Returns": "-8.23%", "DACS Sector": "DeFi"}]\nFunding rates remain positive in crypto markets\nPerpetual futures funding rates remain positive for both bitcoin and ether, a sign that sentiment in the market remains positive for the moment.\nPerpetual funding rates represent payments within the futures markets between participants who are long or short the asset. When funding rates are positive, holders of long positions pay a fee to holders of short positions. When funding rates are negative, the opposite is the case.\nThe interpretation is that funding rates can often indicate bullish or bearish sentiment, with the former represented by positive rates, and the latter represented by negative ones.\nFor bitcoin funding rates have been positive in 8 of the most recent 10 trading days. Ether by comparison has shown positive funding rates in 7 of the most recent days, declining to zero 3 times, but not falling below zero since April 6.\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/April)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Claimant Count Change (April)\n8:30 p.m. HKT/SGT(12:30 UTC)Bank of Canada Consumer Price Index Core (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Bounces Back Above $27K; Binance Plans Exit From Canada\nBitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch,corpus.venturesCEO andSlock.itfounder, also joined the conversation.\nWeekly DEX Volume on BNB Chain Hits Highest in a Year:Lower fees and Binance’s popularity are among the reasons noted by market analysts.\nBitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees:The firm says El Salvador will serve as its base for operations in Latin America.\nPolygon Co-Founder Launches Web3 Fellowship Program:Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.\nSouth Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker\'s Transfers:Lawmaker Kim Nam-kuk resigned from the main opposition party after his crypto transfers incited controversy.\nBankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment:The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.', '\| Image: Getty Images', '\| Image: Getty Images', '\| Image: Getty Images', "• More investors backed bitcoin than the dollar as the preferred investment during a default, a Bloomberg survey found.\n• But gold was the top choice, due to its history as a safe haven asset and recent price gains.\n• Treasurys were the second choice, as most expect the US would still meet its debt obligations eventually.\nIn the case of a US default, retail investors favorbitcoinover thedollar, underlining the token's appeal as a safe haven asset.\nThat's according toBloomberg'smost recent Markets Live Pulse survey, which asked investors what they would buy if the US hit its debt ceiling.\nTo be sure, gold led the list of responses, with 51.7% of professional investors and 45.7% of retail investors preferring bullion.\nIn second place came Treasurys, drawing 14% of professionals and 15.1% of retail investors. Bitcoin followed with 7.8% and 11.3%, respectively — versus the dollar's 7.8% and 10.2%.\nA default could arrive as soon asJune 1, if lawmakers fail to lift the $31.4 trillion debt ceiling before the government runs out of money.\nBloomberg's MLIV survey also found that 41% expect greenback would weaken in a default, which could also accelerate de-dollarizationtrends.\nMeanwhile, bitcoin rallied in an earlier period of stress this year, namely the banking crisis sparked by the collapse of Silicon Valley Bank.\nPreviously, Standard Chartered told Insider that this is largely due to bitcoin's decentralized mechanism, and estimated that a default could push the cryptocurrency up by about$20,000.\nOtheranalysts told Insiderthat they expect gold would likely climb in a default as well. A weakening dollar could further propel the metal. Continued purchases of gold by central banks and a loosening of global monetary policy could also help support it.\nAs for Treasurys, UBS has previously predictedbonds would rallyif the debt ceiling doesn't get resolved, as this would most likely lead to economic contraction and investors would still see US debt as a relatively safe haven.\nRead the original article onBusiness Insider", "• More investors backed bitcoin than the dollar as the preferred investment during a default, a Bloomberg survey found.\n• But gold was the top choice, due to its history as a safe haven asset and recent price gains.\n• Treasurys were the second choice, as most expect the US would still meet its debt obligations eventually.\nIn the case of a US default, retail investors favorbitcoinover thedollar, underlining the token's appeal as a safe haven asset.\nThat's according toBloomberg'smost recent Markets Live Pulse survey, which asked investors what they would buy if the US hit its debt ceiling.\nTo be sure, gold led the list of responses, with 51.7% of professional investors and 45.7% of retail investors preferring bullion.\nIn second place came Treasurys, drawing 14% of professionals and 15.1% of retail investors. Bitcoin followed with 7.8% and 11.3%, respectively — versus the dollar's 7.8% and 10.2%.\nA default could arrive as soon asJune 1, if lawmakers fail to lift the $31.4 trillion debt ceiling before the government runs out of money.\nBloomberg's MLIV survey also found that 41% expect greenback would weaken in a default, which could also accelerate de-dollarizationtrends.\nMeanwhile, bitcoin rallied in an earlier period of stress this year, namely the banking crisis sparked by the collapse of Silicon Valley Bank.\nPreviously, Standard Chartered told Insider that this is largely due to bitcoin's decentralized mechanism, and estimated that a default could push the cryptocurrency up by about$20,000.\nOtheranalysts told Insiderthat they expect gold would likely climb in a default as well. A weakening dollar could further propel the metal. Continued purchases of gold by central banks and a loosening of global monetary policy could also help support it.\nAs for Treasurys, UBS has previously predictedbonds would rallyif the debt ceiling doesn't get resolved, as this would most likely lead to economic contraction and investors would still see US debt as a relatively safe haven.\nRead the original article onBusiness Insider", "Bitcoin crushed by US dollar urfinguss More investors backed bitcoin than the dollar as the preferred investment during a default, a Bloomberg survey found. But gold was the top choice, due to its history as a safe haven asset and recent price gains. Treasurys were the second choice, as most expect the US would still meet its debt obligations eventually. In the case of a US default, retail investors favor bitcoin over the dollar , underlining the token's appeal as a safe haven asset. That's according to Bloomberg's most recent Markets Live Pulse survey, which asked investors what they would buy if the US hit its debt ceiling. To be sure, gold led the list of responses, with 51.7% of professional investors and 45.7% of retail investors preferring bullion. In second place came Treasurys, drawing 14% of professionals and 15.1% of retail investors. Bitcoin followed with 7.8% and 11.3%, respectively \x97 versus the dollar's 7.8% and 10.2%. A default could arrive as soon as June 1 , if lawmakers fail to lift the $31.4 trillion debt ceiling before the government runs out of money. Bloomberg's MLIV survey also found that 41% expect greenback would weaken in a default, which could also accelerate de-dollarization trends. Meanwhile, bitcoin rallied in an earlier period of stress this year, namely the banking crisis sparked by the collapse of Silicon Valley Bank. Previously, Standard Chartered told Insider that this is largely due to bitcoin's decentralized mechanism, and estimated that a default could push the cryptocurrency up by about $20,000 . Other analysts told Insider that they expect gold would likely climb in a default as well. A weakening dollar could further propel the metal. Continued purchases of gold by central banks and a loosening of global monetary policy could also help support it. As for Treasurys, UBS has previously predicted bonds would rally if the debt ceiling doesn't get resolved, as this would most likely lead to economic contraction and investors would still see US debt as a relatively safe haven. Read the original article on Business Insider", '• US stocks ended higher Monday, retracing early losses to end in the green.\n• The S&P 500 rose with help from the financial sector as regional banks gained.\n• Talks aimed at breaking the debt-ceiling stalemate in Washington are set to start again Tuesday.\nUS stocks finished higher Monday as investors pushed past House Majority Leader Kevin McCarthy\'s assessment that prospects of reaching a deal to raise the US debt ceiling appeared dim as a deadline approached.\nThe S&P 500 logged its first win after two losing sessions and following two back-to-back weekly declines. The financial sector was the top-performing with hard-hit regional bank stocks includingPacWestcontinuing to recover from this year\'s sharp losses.\nStocks swung lower as trading got under way after House Speaker Kevin McCarthy said on CNNhe was "far apart"from President Joe Biden in reaching a deal to raise the country\'s$31 trillion debt limit. Republicans are seeking spending cuts while Biden has been pushing for a so-called clean bill. Talks to break the stalemate were set to resume on Tuesday.\nThe nonpartisan Congressional Budget Office projects the government willrun out of money to pay its bills in early Juneif the limit isn\'t raised.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:4,136.28, up 0.3%\n• Dow Jones Industrial Average:33,348.60, up 0.14% (47.98 points)\n• Nasdaq Composite:12,365.21, up 0.66%\nThe Treasury Department said it\'s facing a June 1 deadline that if missed means it would be forced to delay or even miss bond payments, which is unprecedented.\n"Leading up to that point, we expect risk assets to undergo a period of heightened volatility amid a flurry of headlines on progress (or lack thereof) toward a compromise that would avert a U.S. default," Saira Malik, chief investment officer at Nuveen, wrote in a note Monday.\n"We think a deal will ultimately be hammered out by the deadline, even if it\'s a short-term fix that kicks a more "permanent" solution down the road. In the meantime, it would be prudent for investors to prepare for a less favorable outcome by positioning their portfolios to better weather the potential storm," wrote Malik.\nHere\'s what else is happening today:\n• George Soros\' fund dumpedits entire Tesla stake in the first quarter - cashing out on the EV\'s maker\'s 2023 rebound.\n• Billionaire investorPaul Tudor Jonessays artificial intelligence will drive a productivity boom in the economy that will keep stocks soaring for years to come.\n• There are three "creative" options the Treasury hasif lawmakers can\'t reach a deal to raise the debt ceiling.\n• Nobel economistPaul Krugman warnsof cascading chaos in financial markets if the US defaults on its debt\n• \'Big Short\' investor Michael Burryplowed into First Republic, PacWest, and other ailing bank stocks last quarter.\n• Taylor Swift showed her financial savvywhen she avoided an FTX deal, an elite investor says.\n• Ray Dalio\'s Bridgewater fund ditchedGameStop and AMC last quarter - while Jim Simons\' RenTech bet on Tesla and Bed Bath & Beyond.\n• Tech stocks aren\'t immune to economic pain - andcould be the next domino to fall, Morgan Stanley advisor says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate cruderose 1.6% to $71.15 per barrel.Brent crude,the international benchmark, picked up 1.4% to $75.23.\n• Goldedged up $0.90 to $2,020.70 per ounce.\n• The10-year Treasury yieldgained four basis points to 3.506%.\n• Bitcointacked on 1.8% to trade at $27,443.10.\nRead the original article onBusiness Insider', 'Lucas Jackson/Reuters US stocks ended higher Monday, retracing early losses to end in the green. The S&P 500 rose with help from the financial sector as regional banks gained. Talks aimed at breaking the debt-ceiling stalemate in Washington are set to start again Tuesday. US stocks finished higher Monday as investors pushed past House Majority Leader Kevin McCarthy\'s assessment that prospects of reaching a deal to raise the US debt ceiling appeared dim as a deadline approached. The S&P 500 logged its first win after two losing sessions and following two back-to-back weekly declines. The financial sector was the top-performing with hard-hit regional bank stocks including PacWest continuing to recover from this year\'s sharp losses. Stocks swung lower as trading got under way after House Speaker Kevin McCarthy said on CNN he was "far apart" from President Joe Biden in reaching a deal to raise the country\'s $31 trillion debt limit . Republicans are seeking spending cuts while Biden has been pushing for a so-called clean bill. Talks to break the stalemate were set to resume on Tuesday. The nonpartisan Congressional Budget Office projects the government will run out of money to pay its bills in early June if the limit isn\'t raised. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,136.28, up 0.3% Dow Jones Industrial Average : 33,348.60, up 0.14% (47.98 points) Nasdaq Composite : 12,365.21, up 0.66% The Treasury Department said it\'s facing a June 1 deadline that if missed means it would be forced to delay or even miss bond payments, which is unprecedented. "Leading up to that point, we expect risk assets to undergo a period of heightened volatility amid a flurry of headlines on progress (or lack thereof) toward a compromise that would avert a U.S. default," Saira Malik, chief investment officer at Nuveen, wrote in a note Monday. "We think a deal will ultimately be hammered out by the deadline, even if it\'s a short-term fix that kicks a more "permanent" solution down the road. In the meantime, it would be prudent for investors to prepare for a less favorable outcome by positioning their portfolios to better weather the potential storm," wrote Malik. Story continues Here\'s what else is happening today: George Soros\' fund dumped its entire Tesla stake in the first quarter - cashing out on the EV\'s maker\'s 2023 rebound. Billionaire investor Paul Tudor Jones says artificial intelligence will drive a productivity boom in the economy that will keep stocks soaring for years to come. There are three "creative" options the Treasury has if lawmakers can\'t reach a deal to raise the debt ceiling. Nobel economist Paul Krugman warns of cascading chaos in financial markets if the US defaults on its debt \'Big Short\' investor Michael Burry plowed into First Republic, PacWest, and other ailing bank stocks last quarter. Taylor Swift showed her financial savvy when she avoided an FTX deal, an elite investor says. Ray Dalio\'s Bridgewater fund ditched GameStop and AMC last quarter - while Jim Simons\' RenTech bet on Tesla and Bed Bath & Beyond. Tech stocks aren\'t immune to economic pain - and could be the next domino to fall , Morgan Stanley advisor says. In commodities, bonds, and crypto: West Texas Intermediate crude rose 1.6% to $71.15 per barrel. Brent crude, the international benchmark, picked up 1.4% to $75.23. Gold edged up $0.90 to $2,020.70 per ounce. The 10-year Treasury yield gained four basis points to 3.506%. Bitcoin tacked on 1.8% to trade at $27,443.10. Read the original article on Business Insider', 'Singapore --News Direct-- ChainUp 15 th May 2023: ChainUp, a global blockchain technology service provider has announced the launch of its latest NFT (Non-Fungible Tokens) solution built on MPC (Multi-Party Computation) Technology offering support for multi-main chain NFT asset management, collection, transfer and DeFi (Decentralized Finance) applications. The solution aims to serve as a reliable bridge between NFTs and Web3 decentralized internet ecosystem based on blockchain technology. NFTs are digital assets built on decentralized & distributed ledger technology finding applications in various fields such as gaming, art and music. In the Web3 era, NFTs have gained significant attention attracting artists, creators, collectors and investors enabling new forms of value exchange and innovation in the digital world. The NFT solution based on MPC Technology provides services to institutional investors including asset management firms, insurance companies, banks, exchanges, payment and wallet providers. It opens up new business opportunities for entities, enabling them to explore and expand into emerging areas such as digital art and virtual reality, tapping into the vast potential of the NFT space. By offering a wide range of services, our solution supports the transformation from traditional digital assets to NFTs. When it comes to NFTs, security is of paramount importance. The unique properties of NFTs as digital assets make robust security measures a crucial consideration. MPC Technology is known for its secure multi-party computing capabilities addressing the requirements of asset management security and privacy protection. ChainUp\x92s NFT solution utilizes advanced security measures including MFA (multi-factor authentication) and risk management providing secure storage & transaction environment for NFT holders. This facilitates a seamless user experience ensuring secure and reliable management of NFT assets. In addition to its robust security measures, ChainUp\x92s solution for NFT management also offers users flexibility and choice when it comes to trading. Users can trade their NFT assets with various mainstream cryptocurrencies, including ETH, BTC, and USDT. Story continues "NFTs are emerging strongly as an upstart in the digital asset space," said Sailor, founder and CEO of ChainUp Group. "NFT solutions based on MPC technology will play an increasingly important role in the Web3 era." About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp\x92s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. Contact Details ChainUp Media Team [email protected] Company Website https://www.chainup.com/ View source version on newsdirect.com: https://newsdirect.com/news/chainup-launches-nft-solution-based-on-mpc-technology-111954972', 'Singapore --News Direct-- ChainUp 15 th May 2023: ChainUp, a global blockchain technology service provider has announced the launch of its latest NFT (Non-Fungible Tokens) solution built on MPC (Multi-Party Computation) Technology offering support for multi-main chain NFT asset management, collection, transfer and DeFi (Decentralized Finance) applications. The solution aims to serve as a reliable bridge between NFTs and Web3 decentralized internet ecosystem based on blockchain technology. NFTs are digital assets built on decentralized & distributed ledger technology finding applications in various fields such as gaming, art and music. In the Web3 era, NFTs have gained significant attention attracting artists, creators, collectors and investors enabling new forms of value exchange and innovation in the digital world. The NFT solution based on MPC Technology provides services to institutional investors including asset management firms, insurance companies, banks, exchanges, payment and wallet providers. It opens up new business opportunities for entities, enabling them to explore and expand into emerging areas such as digital art and virtual reality, tapping into the vast potential of the NFT space. By offering a wide range of services, our solution supports the transformation from traditional digital assets to NFTs. When it comes to NFTs, security is of paramount importance. The unique properties of NFTs as digital assets make robust security measures a crucial consideration. MPC Technology is known for its secure multi-party computing capabilities addressing the requirements of asset management security and privacy protection. ChainUp\x92s NFT solution utilizes advanced security measures including MFA (multi-factor authentication) and risk management providing secure storage & transaction environment for NFT holders. This facilitates a seamless user experience ensuring secure and reliable management of NFT assets. In addition to its robust security measures, ChainUp\x92s solution for NFT management also offers users flexibility and choice when it comes to trading. Users can trade their NFT assets with various mainstream cryptocurrencies, including ETH, BTC, and USDT. Story continues "NFTs are emerging strongly as an upstart in the digital asset space," said Sailor, founder and CEO of ChainUp Group. "NFT solutions based on MPC technology will play an increasingly important role in the Web3 era." About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp\x92s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. Contact Details ChainUp Media Team [email protected] Company Website https://www.chainup.com/ View source version on newsdirect.com: https://newsdirect.com/news/chainup-launches-nft-solution-based-on-mpc-technology-111954972', "Salem, Oregon --News Direct-- Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive Officer of Merov . Merov Hosting offers state-of-the-art colocation facilities designed to provide the highest levels of performance, reliability, and security for Bitcoin miners. Rejuvit Systems by Merov is a US-based parts distributor and ASIC repair company with high-quality repair, training, and tools at competitive prices. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. It is currently in beta testing and will launch in Q3 ‘23. Milestones Achieved $771.96mm in ASIC mining infrastructure deals closed or currently engaged in. 105,455 ASICs processed through Merov’s acquisition, verification, repair, or fulfillment services. 400+ megawatts of colocation capacity becoming available '23-'24. About Merov: Merov is a team of passionate and experienced professionals committed to enhancing the Bitcoin industry. With a deep understanding of the industry and a range of expertise in related fields, we strive to deliver innovative, reliable, and comprehensive solutions tailored to our clients' needs. Our mission is to bridge gaps and streamline operations, enabling businesses and individuals to thrive in the rapidly evolving world of Bitcoin. By pushing the boundaries of technology and staying at the forefront of industry developments, we are dedicated to driving growth, fostering innovation, and empowering our clients to reach their full potential. Follow Merov on Telegram and Twitter . Merov is a proud sponsor of the Bitcoin Conference, May 18-20, 2023. Come meet the Merov team at booth 1206 Contact Details Merov Rachel Schimelman [email protected] View source version on newsdirect.com: https://newsdirect.com/news/merov-introduces-a-suite-of-services-for-the-bitcoin-mining-industry-572789338 View comments", "Salem, Oregon --News Direct-- Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive Officer of Merov . Merov Hosting offers state-of-the-art colocation facilities designed to provide the highest levels of performance, reliability, and security for Bitcoin miners. Rejuvit Systems by Merov is a US-based parts distributor and ASIC repair company with high-quality repair, training, and tools at competitive prices. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. It is currently in beta testing and will launch in Q3 ‘23. Milestones Achieved $771.96mm in ASIC mining infrastructure deals closed or currently engaged in. 105,455 ASICs processed through Merov’s acquisition, verification, repair, or fulfillment services. 400+ megawatts of colocation capacity becoming available '23-'24. About Merov: Merov is a team of passionate and experienced professionals committed to enhancing the Bitcoin industry. With a deep understanding of the industry and a range of expertise in related fields, we strive to deliver innovative, reliable, and comprehensive solutions tailored to our clients' needs. Our mission is to bridge gaps and streamline operations, enabling businesses and individuals to thrive in the rapidly evolving world of Bitcoin. By pushing the boundaries of technology and staying at the forefront of industry developments, we are dedicated to driving growth, fostering innovation, and empowering our clients to reach their full potential. Follow Merov on Telegram and Twitter . Merov is a proud sponsor of the Bitcoin Conference, May 18-20, 2023. Come meet the Merov team at booth 1206 Contact Details Merov Rachel Schimelman [email protected] View source version on newsdirect.com: https://newsdirect.com/news/merov-introduces-a-suite-of-services-for-the-bitcoin-mining-industry-572789338 View comments", "Salem, Oregon --News Direct-- Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive Officer of Merov . Merov Hosting offers state-of-the-art colocation facilities designed to provide the highest levels of performance, reliability, and security for Bitcoin miners. Rejuvit Systems by Merov is a US-based parts distributor and ASIC repair company with high-quality repair, training, and tools at competitive prices. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. It is currently in beta testing and will launch in Q3 ‘23. Milestones Achieved $771.96mm in ASIC mining infrastructure deals closed or currently engaged in. 105,455 ASICs processed through Merov’s acquisition, verification, repair, or fulfillment services. 400+ megawatts of colocation capacity becoming available '23-'24. About Merov: Merov is a team of passionate and experienced professionals committed to enhancing the Bitcoin industry. With a deep understanding of the industry and a range of expertise in related fields, we strive to deliver innovative, reliable, and comprehensive solutions tailored to our clients' needs. Our mission is to bridge gaps and streamline operations, enabling businesses and individuals to thrive in the rapidly evolving world of Bitcoin. By pushing the boundaries of technology and staying at the forefront of industry developments, we are dedicated to driving growth, fostering innovation, and empowering our clients to reach their full potential. Follow Merov on Telegram and Twitter . Merov is a proud sponsor of the Bitcoin Conference, May 18-20, 2023. Come meet the Merov team at booth 1206 Contact Details Merov Rachel Schimelman [email protected] View source version on newsdirect.com: https://newsdirect.com/news/merov-introduces-a-suite-of-services-for-the-bitcoin-mining-industry-572789338 View comments", 'The Securities and Exchange Commission (SEC) will soon bring enforcement action against Coinbase (COIN) and this action is likely to mirror those that the regulator brought against rival crypto exchanges Bittrex and Kraken , Berenberg said in a research report on Monday. The bank initiated coverage of the stock with a hold rating and a price target of $55. On Monday, Coinbase shares closed 6% higher at $60.77. Berenberg estimates that at least 37% of the $736 million of Coinbase’s first quarter net revenue came from the transaction fees and spreads it posted by trading crypto tokens other than bitcoin (BTC) as well as from fees from its staking services.“ At a minimum, these revenue sources likely would be targeted by the SEC in the enforcement action that we expect the commission to file soon,” analyst Mark Palmer wrote, adding that some of Coinbase’s other revenue streams, such as interest income from USD Coin (USDC) and custody, may also “get caught up in the SEC’s crypto-industry dragnet in the near future.” Successfully pivoting away from the U.S. would be a tall order for the crypto exchange, as about 86% of net revenue that Coinbase generated in the the 12 months ended March 31 came from its U.S. operations, the note said. Shorting Coinbase shares is too risky a trade, Berenberg said, especially as around 23% of its free float is already sold short. Shorting is a way of betting that a price will decline. An investor borrows a security and sells it in the hope that the price will drop. They then repurchase the security and return it to the lender. The borrower can then pocket the difference if they are right or fork out the difference if wrong. Wall Street giant Citi cut its rating on Coinbase to neutral from buy earlier this month and slashed its price target for the crypto exchange to $65 from $80, also citing regulatory uncertainty. Read more: Coinbase Faced With Too much Regulatory Uncertainty, Rating Cut to Neutral: Citi', 'The Securities and Exchange Commission (SEC) will soon bring enforcement action against Coinbase (COIN) and this action is likely to mirror those that the regulator brought against rival crypto exchangesBittrexandKraken, Berenberg said in a research report on Monday.\nThe bank initiated coverage of the stock with a hold rating and a price target of $55. On Monday, Coinbase shares closed 6% higher at $60.77.\nBerenberg estimates that at least 37% of the $736 million of Coinbase’s first quarter net revenue came from the transaction fees and spreads it posted by trading crypto tokens other than bitcoin (BTC) as well as from fees from its staking services.“\nAt a minimum, these revenue sources likely would be targeted by the SEC in the enforcement action that we expect the commission to file soon,” analyst Mark Palmer wrote, adding that some of Coinbase’s other revenue streams, such as interest income from USD Coin (USDC) and custody, may also “get caught up in the SEC’s crypto-industry dragnet in the near future.”\nSuccessfully pivoting away from the U.S. would be a tall order for the crypto exchange, as about 86% of net revenue that Coinbase generated in the the 12 months ended March 31 came from its U.S. operations, the note said.\nShorting Coinbase shares is too risky a trade, Berenberg said, especially as around 23% of its free float is already sold short. Shorting is a way of betting that a price will decline. An investor borrows a security and sells it in the hope that the price will drop. They then repurchase the security and return it to the lender. The borrower can then pocket the difference if they are right or fork out the difference if wrong.\nWall Street giant Citi cut its rating on Coinbase to neutral from buy earlier this month and slashed its price target for the crypto exchange to $65 from $80, also citing regulatory uncertainty.\nRead more:Coinbase Faced With Too much Regulatory Uncertainty, Rating Cut to Neutral: Citi', 'Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices.\nData from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday. This is a 20% bump since February last year.\nThe data shows that bitcoin wallets holding one token grew by 79,000 between November and January – amid the collapse of crypto exchange FTX as prices fell from over $22,000 to briefly under $16,000.\nThe recent rise in ‘Bitcoin Request for Comment’ (BRC-20) tokens has done little to increase the number of wealthy holders, with only 30,000 new wallets holding one bitcoin added since the BRC-20 token standard’s launch in March.\nRead more:BRC-20 Explained: How Tokens on Bitcoin Work and Why They Are Controversial\nThese standards allow developers to issue tokens on the network and build decentralized finance (DeFi) services such as lending and borrowing. It has contributed toward fees on the Bitcoin blockchain surging to two-year highs amid the demand for block space, with altcoins issued on Bitcoin reaching a cumulative market capitalization of as high as $1.6 billion earlier this month.\nMeanwhile, despite the large holder figure, some market observers saw that most of the current bitcoin transactions come from smaller wallets.\n“During the last peak in 2019, most Bitcoin transactions skewed towards larger transactions, in the range of $1,000 to $10,000,” said Tom Rodgers, Head of Research at ETC Group, in an email to CoinDesk.“This suggests most Bitcoin users were using the blockchain for trading.”\n“Compare this to last week. The largest cohort of Bitcoin transactions - 359,560 - came from transactions under $1. This suggests a huge increase in Bitcoin velocity -- or the amount of Bitcoin being transacted by users, instead of being locked up in cold wallets and held over the long term,” Rodgers added.', 'Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices. Data from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday. This is a 20% bump since February last year. Over one million individual wallets now hold bitcoin, data shows. (Glassnode) The data shows that bitcoin wallets holding one token grew by 79,000 between November and January – amid the collapse of crypto exchange FTX as prices fell from over $22,000 to briefly under $16,000. The recent rise in ‘ Bitcoin Request for Comment ’ (BRC-20) tokens has done little to increase the number of wealthy holders, with only 30,000 new wallets holding one bitcoin added since the BRC-20 token standard’s launch in March. Read more: BRC-20 Explained: How Tokens on Bitcoin Work and Why They Are Controversial These standards allow developers to issue tokens on the network and build decentralized finance (DeFi) services such as lending and borrowing. It has contributed toward fees on the Bitcoin blockchain surging to two-year highs amid the demand for block space, with altcoins issued on Bitcoin reaching a cumulative Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,720,148,425 - Hash Rate: 365114312.3296948 - Transaction Count: 566462.0 - Unique Addresses: 625496.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hear ye, hear ye! Just in time for the coronation of King Charles III and Queen Camilla on May 6, the Evening Standard newspaper has teamed with digital artist Trevor Jones to launch a free collection of commemorative Ethereum NFT celebrating the event on Nifty Gateway. Created in collaboration with Apollo NFT, “The Oath” can be claimed directly on Nifty Gateway or by using a QR code printed in the newspaper. The QR codes are also posted on billboards along Oxford Street, for those travelling to the capital to take part in the celebrations in person. But before you let the FOMO set in, the NFTs won’t be minted and delivered to collectors' wallets until May 7. “With the eyes of the world on London this weekend, we are extremely proud to collaborate with Trevor Jones and celebrate this iconic moment for our city,” Evening Standard CEO Charles Yardley said. “Trevor’s NFT depicts imagery representing centuries of tradition and history, in a format that represents how the modern world is democratising art for both artists and collectors.” The Oath NFT began as a physical painting by Jones in his Edinburgh studio. The artwork depicts Saint Edward’s Crown , worn by Queen Elizabeth II in her 1953 coronation. “With Layer-2 in play now and the carbon footprint down 99.99%, there’s no longer an environmental issue with using the Ethereum blockchain,” Jones told Decrypt . “More importantly, however, I saw this as a fantastic opportunity to onboard new collectors into the NFT art scene, which is currently hitting quite the lows from the last couple of years.” Layer-2 refers to a protocol built on a blockchain like Immuntable X or the Bitcoin Lightning Network. This looks incredible! @W1curates lighting up Oxford St., London with the NFT artwork 'The Oath' celebrating the King's #Coronation . Claim your free edition of the NFT here 👇 👑 https://t.co/n0uEBYTnAd In partnership with @EveningStandard & @ApolloNft #CoronationWeekend pic.twitter.com/w0hWHDhkqm — Trevor Jones 🎨 (@trevorjonesart) May 4, 2023 “Dropping on Nifty Gateway meant that anyone could register an account simply with an email address and mint their first NFT artwork,” Jones said, adding that he wanted the process to be as simple as possible for collectors minting their first NFT. Story continues The Evening Standard joins other media outlets making the leap into Web3, including TIME , GQ , and Playboy . The Oath isn't the first NFT mint to commemorate the British royal family. In September, following the passing of Queen Elizabeth II, an NFT collection, QueenE by Web3 builders Fabio Sevá, Vinícius Rodrigues, Everton Matumoto, and the pseudonymous mladen.eth, was launched to celebrate the life of England’s longest (1952-2022) reigning monarch. Non-fungible tokens, NFTs , are cryptographically unique tokens linked to digital and physical content, providing proof of ownership, authenticity, or membership in a group. Previous collections by Jones include Bitcoin Angels, Man vs. Machine with rap icon Ice Cube, and Picasso’s Bull .... - Reddit Posts (Sample): [['u/tenthousandbottles', "Why aren't people screaming about the 250k unconfirmed BTC transactions and high fees?", 28, '2023-05-16 00:31', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/', "Also, [https://twitter.com/udiWertheimer/status/1657085665148821506](https://twitter.com/udiWertheimer/status/1657085665148821506)\n\nThis Udi guy won't deny that Craig Wright is paying him to spam BRC-20 transactions?", 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/', '13imtsf', [['u/ShadowOfHarbringer', 19, '2023-05-16 01:10', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkaq6dn/', 'They have been screaming in this subreddit for 6 years now.\n\nYou must be new here.', '13imtsf'], ['u/Pablo_Picasho', 24, '2023-05-16 01:58', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkawgwv/', 'So few real users left\n\nRest are hodlers who will only wake up when they have to make a real transaction', '13imtsf'], ['u/ShadowOrson', 15, '2023-05-16 04:54', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkbj5jr/', 'Where, exactly, are they allowed to scream about them?', '13imtsf'], ['u/emergent_reasons', 10, '2023-05-16 06:45', 'https://www.reddit.com/r/btc/comments/13imtsf/why_arent_people_screaming_about_the_250k/jkbueqb/', 'A user who needs to pay attention or risk their stash becoming frozen and/or worthless.', '13imtsf']]], ['u/Bilbo_Butthole', 'GameStop: The Catastrophic Catalyst of Hyperinflation, Redeemed by the Rise of Decentralized Currency', 385, '2023-05-16 02:32', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/', "Little thesis I’m working on. Please be fully transparent and honest in your feedback. Thanks!\n\nAbstract:\nThis thesis explores the dire consequences that the GameStop phenomenon will have on the global economy, specifically the triggering of hyperinflation. However, amid this impending disaster, a savior emerges in the form of decentralized currency. This revolutionary monetary system will single-handedly rescue humanity from the brink of financial ruin and lead us towards a new era of prosperity.\n\nChapter 1: Introduction\n\n1.1 Background and Significance\nThe meteoric rise of GameStop, fueled by speculative retail investors, is a ticking time bomb that threatens to destabilize the global economy. This thesis examines the unfolding catastrophe and highlights the pivotal role of decentralized currency in averting complete financial collapse.\n\nChapter 2: GameStop: The Inflated Bubble\n\n2.1 Manipulation and Irrational Exuberance\nThe GameStop frenzy witnessed an unparalleled level of market manipulation, driven by a small group of renegade investors who artificially inflated the stock's value. This irrational exuberance created a volatile bubble primed for implosion, bringing about catastrophic economic repercussions. \n\n2.2 Systemic Contagion\nThe impending burst of the GameStop bubble will unleash a domino effect throughout the financial system. This contagion will spread like wildfire, destabilizing banks, investment firms, and eventually entire economies. The aftermath will be a harrowing era of hyperinflation.\n\nChapter 3: The Hyperinflation Nightmare\n\n3.1 The GameStop Catalyst\nGameStop's collapse will have a cascading effect on the stock market, triggering a devastating chain reaction that leads to hyperinflation. The sudden devaluation of stocks and assets will erode confidence in traditional fiat currencies, sending inflation spiraling out of control.\n\n3.2 The Fiat Currency Plague\nCentral banks, reliant on archaic fiat currencies, will be ill-prepared to handle the hyperinflation crisis. Governments will frantically print money, flooding the markets with worthless paper currency, further exacerbating the inflationary spiral. Society will plunge into chaos as citizens struggle to afford basic necessities, leading to widespread economic collapse.\n\nChapter 4: The Rise of Decentralized Currency\n\n4.1 The Blockchain Revolution\nDecentralized currencies, such as Bitcoin and other cryptocurrencies, will emerge as the ultimate panacea for the hyperinflation crisis. By eliminating the control of central banks and governments, these digital currencies restore power to the people and foster true financial freedom. \n\n4.2 The Inflation Hedge\nDecentralized currencies, with their limited supply and built-in mechanisms to prevent inflation, will provide a safe haven for individuals seeking protection from the impending hyperinflation catastrophe. As fiat currencies crumble, decentralized currencies will skyrocket, ensuring the preservation of wealth and offering a lifeline to those who have embraced this transformative monetary system.\n\nChapter 5: Conclusion\n\nIn conclusion, the GameStop phenomenon serves as a harbinger of hyperinflation that will ravage the global economy. However, salvation lies in the rise of decentralized currencies, offering an escape from the clutches of central banks and government control. By embracing these digital assets, individuals can shield themselves from financial ruin and pave the way for a prosperous future.\n\nWill expand on this if there is interest!", 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/', '13ips63', [['u/treZissou', 48, '2023-05-16 02:37', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb1lmf/', 'I think I need to DRS more shares.', '13ips63'], ['u/ISayBullish', 141, '2023-05-16 02:38', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb1unq/', 'More speculation than DD at this point IMO, however if you expand more on the topics at length with sources it could be considered DD\n\nThesis makes sense though\n\n“We will watch your career with great interest” - Shiv Palpatine\n\nBullish', '13ips63'], ['u/CookShack67', 61, '2023-05-16 03:00', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb4qsz/', 'Greetings fellow kids', '13ips63'], ['u/Octopus_vagina', 40, '2023-05-16 03:33', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb917x/', 'This post and all the posts Comments claiming it’s genius scream “agenda”', '13ips63'], ['u/Octopus_vagina', 22, '2023-05-16 03:40', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkb9yy8/', 'It’s not really DD. It’s big time speculation.\n\nI welcome DD - like the heat lamp DD', '13ips63'], ['u/ChanThe4th', 25, '2023-05-16 03:47', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbasuq/', "It's -literally- not DD. It's a hype piece using keywords to sound edgy and make retail look like fools that collapsed something, when in reality this is a direct result of Market Makers and Banks using swaps/derivatives to hide insanely leveraged positions.\n\nIt's shill bait.", '13ips63'], ['u/vasDcrakGaming', 144, '2023-05-16 03:48', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbaynb/', '1.1 is such fucking bullshit dont pin that on gamestop. Its because of the naked short selling. Not retail. Its the hesgies', '13ips63'], ['u/allaskew123', 47, '2023-05-16 04:00', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbcjb7/', 'Wtf is this bullshit??!! All these comment upvotes from unrecognizable names?? I’m in the goddamn twilight zone. This sounds like those “Jesus told me to sell at $40”. My downvote finger is getting sore.', '13ips63'], ['u/Defago', 32, '2023-05-16 04:06', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbd7k3/', 'This is some bullshit.', '13ips63'], ['u/I-Love-Game-Stop', 10, '2023-05-16 04:40', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbhku5/', 'He makes it sound like all the investors are going to lose their ass in a bubble WTF', '13ips63'], ['u/Stonkerrific', 32, '2023-05-16 04:54', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbj6p6/', 'This reads very oddly. Subtle FUD.', '13ips63'], ['u/UncleNuks', 36, '2023-05-16 05:00', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbjvgp/', 'Not a single mention of quantitative easing and money printing, derivatives, leverage, deregulation, sovereign debt/bonds, abusive and illegal naked short selling…but yet you want to talk about hyperinflation and systemic collapse? No mention of BRICS or de-dollarization or the fractional reserve banking system?\n\nThis reads like GameStop will be the cause of the fall which couldn’t be further from the truth. I think you need to read some more DD and get back to the drawing board.\n\nYou also mention “irrational exuberance” of investors so I would like to remind you of this wonderful quote from Forbes, March 2021: “The GME event is in fact the result of a process that is hyper-rational. It is based on highly accurate calculations of specific outcomes which possess a much higher degree of certainty than is the case for normal investment decisions. There is no "madness of crowds" here.”\n\nIt’s not “irrational” like you say, it is, in fact, “hyper-rational”.', '13ips63'], ['u/RBradyFrost', 80, '2023-05-16 05:31', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbn950/', 'Yeah, no. This is crap. Investors buying and holding legitimate shares of any company don’t hyper inflate the value of said company. That’s price discovery. It’s called supply and demand, and value is established when the market supply meets current demand. If the price is too high, demand will drop. If supply is low, but demand still exists, the price will increase.\n\nNow, if there are outside forces manipulating supply, those entities would be the ones at fault for inflating or deflating value — as those actions are not supposed to happen in a free and open market.\n\nThis post is just garbage. Stop trying to pin an economic collapse on household investors.', '13ips63'], ['u/DingleTheDegenerate', 18, '2023-05-16 06:10', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbr865/', 'Just because you format your posts like DD that others have previously made doesn\'t make it DD. The appropriate flair here would be speculation/opinion. On top of that, you don\'t have any sources linked to prove your thesis. \n\nAlso, I find the implication that Jan 28 was caused by "artificially inflating" the price problematic. That\'s basic price discovery. If demand for a security/commodity/service is high, then naturally, the price rises. \n\nIgnoring the implications in your post that gamestop and retail investors will be responsible for the coming financial crisis, this entire post can be summed up with \na single sentence rather than an entire post. "I think that the world economy will collapse, Gamestops\' stock price will likely soar, and cryptocurrency will be useful to help mitigate the coming financial crisis."\n\nEDIT: Immediately downvoted despite OP asking for honest critique. Tells me everything I need to know.', '13ips63'], ['u/Express-Economist-86', 49, '2023-05-16 07:30', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkby9r6/', 'Idk sounds like ChatGPT tried to write something negative and conspiratorial about GME with a couple shilly tweaks.\n\nBring on the CBDC, dollars, e-coins, Monopoly money, IDGAF. My shares are my property and I plan to use them as collateral for loans in whatever they decide is fiat at the time.', '13ips63'], ['u/SnakeJazz4284', 10, '2023-05-16 07:38', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbz0es/', 'If you want to write an essay, or so called DD, you need to provide evidence, which can be primary source or secondary source data, and your interpretation. People then can understand and check your idea.\n\nIt seems that your post is just a summary of your wild thoughts like many other posts and comments in this sub.', '13ips63'], ['u/Throwaway-TheChains', 35, '2023-05-16 07:43', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkbzcym/', "This is shill bullshit. 100%\nFuck you Kenny!\nNo Cell, No Sell. \nGuess I'll go DRS some more GME lol", '13ips63'], ['u/Greenteawizard87', 14, '2023-05-16 07:55', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkc0dlr/', '2.1: that’s a hard rewrite from me, dog. Leaving out the critical detail of naked short selling and saying market manipulation by retail. Pretty painful and indicative you didn’t write it or you are here and have no idea why. \n\nAlso sounds like chat gtp wrote it.', '13ips63'], ['u/Thick-Court6621', 29, '2023-05-16 09:06', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkc5pxr/', " > 2.1 Manipulation and Irrational Exuberance The GameStop frenzy witnessed an unparalleled level of *market manipulation, driven by a small group of renegade investors who artificially inflated the stock's value* (What the fuk is this FUD??). This irrational exuberance created a volatile bubble primed for implosion, bringing about catastrophic economic repercussions. \n\n> Thesis makes sense though.\n> “We will watch your career with great interest” - Shiv Palpatine\n\n🤣🤣🤣🤣🤣🤣 Are you serious? No we won't.", '13ips63'], ['u/DEMDHCamacho', 13, '2023-05-16 15:02', 'https://www.reddit.com/r/Superstonk/comments/13ips63/gamestop_the_catastrophic_catalyst_of/jkcze55/', 'fr. what in the chatgpt shit is this?', '13ips63']]], ['u/SpaceGalacticat', 'New to the sub', 84, '2023-05-16 02:56', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/', 'I love that this was the suggested subreddit immediately following Bitcoin. Hilarious. That is all.', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/', '13iqchp', [['u/PityJ91', 12, '2023-05-16 03:07', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkb5m1g/', "Then you're in the right place", '13iqchp'], ['u/free_acelehy', 105, '2023-05-16 04:31', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkbggkw/', 'Everyone here is a secret Bitcoin whale, and we control nearly 52% of the supply. We have colluded to spread FUD so there will be more Bitcoin for us to buy and hoard. Plus it stores value, or something. And it has that adorable little B logo.', '13iqchp'], ['u/luna0717', 50, '2023-05-16 07:23', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkbxpyg/', "It also stores energy. I plan on using the electricity I have stored in my coins to power my compound when the world goes to shit. I'll have a monopoly on cell phone charging. It'll be great.", '13iqchp'], ['u/ii-___-ii', 35, '2023-05-16 08:29', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkc30nr/', 'Exactly, this is why Bitcoin is actually good for the environment. It uses so much energy that more energy is needed.\n\nPersonally, though, I’m currently using my Bitcoin to end all war.', '13iqchp'], ['u/wstdsgn', 10, '2023-05-16 08:58', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkc566u/', "Not everyone is in it for the money, some people are merely criminals, or just don't like democracy or society. Some are just big-hearted hippies that live in a fantasy world.", '13iqchp'], ['u/Chuckolator', 15, '2023-05-16 10:41', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkcc79o/', 'I\'m excitedly waiting for the day when every Russian keeps their savings in BTC and when Putin\'s tax men come back empty handed he goes "Shit! Well we had a good run, call our boys back. I\'ll call Zelensky and tell him he won. I guess we could make it work by cutting health care and infrastructure, but war isn\'t worth doing that."', '13iqchp'], ['u/OneDishwasher', 14, '2023-05-16 15:30', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkd2x7k/', 'Speak for yourself, I am Federal Reserve Chairman Jerome Powell and this is my burner account', '13iqchp'], ['u/kakapo88', 14, '2023-05-16 20:22', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkebmvd/', 'You are welcome to hang out here, as long as you worship Buttcoin, love lambo, cocaine, and hookers, and have useful tips on how we can all get rich quickly with no actual work.', '13iqchp'], ['u/SpaceGalacticat', 11, '2023-05-16 21:00', 'https://www.reddit.com/r/Buttcoin/comments/13iqchp/new_to_the_sub/jkehlu0/', 'I’ve never felt so at home', '13iqchp']]], ['u/bbb26782', 'Tennessee RB Len’Neth Whitehead transfers to Georgia', 112, '2023-05-16 03:22', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/', '[247 profile](https://247sports.com/player/lenneth-whitehead-46054157/) \n\n[source](https://twitter.com/rustymansell_/status/1658280256011157504?s=46&t=gIrYzkxivcsNhbtc1FCP7A)', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/', '13iqx8k', [['u/bbb26782', 70, '2023-05-16 03:26', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb847i/', 'Former 4-star originally from the Athens area. Originally played LB and moved positions at Tennessee. He’ll be a walk on.\n\nApparently his name rhymes with beneath.', '13iqx8k'], ['u/343GuiltyySpark', 16, '2023-05-16 03:28', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8df3/', 'Goddamnit I thought it was our turn to figure out what the hell to do with him', '13iqx8k'], ['u/Hoggiebearz', 50, '2023-05-16 03:28', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8ffd/', "With Paul coming off an ACL it doesn't surprise me that staff wanted another tailback in the room. Not sure I've ever seen a 4 star walk on before this though.", '13iqx8k'], ['u/BKDawg34', 12, '2023-05-16 03:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8fiv/', "Not sure. But he's walking on so maybe that has something to do with it? He apparently has 3 years of eligibility left.", '13iqx8k'], ['u/EWall100', 29, '2023-05-16 03:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8g0i/', 'Pronounced: Luh Neeth', '13iqx8k'], ['u/JBAIO', 125, '2023-05-16 03:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8k6i/', 'Was wondering why Georgia would take him... Turns out he is transfering as a walk on.\n\nBold strategy cotton. I do have to respect betting on himself like that.', '13iqx8k'], ['u/EWall100', 19, '2023-05-16 03:31', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb8r3c/', "I wish he hadn't gotten hurt man. He was a stud in 21", '13iqx8k'], ['u/KetchupKing05', 35, '2023-05-16 03:35', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkb99lw/', 'We’re hitting pretty close to the scholarship count, and he can’t transfer within conference on scholarship.\n\nI’d imagine he “walks-on” with a sizable NIL deal until next year, when we’ll be able to give him a scholarship', '13iqx8k'], ['u/UGA10', 46, '2023-05-16 03:47', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbau8u/', 'Probably gonna get a decent NIL package to make it easier to be a walk on.', '13iqx8k'], ['u/Willywowmack', 34, '2023-05-16 03:56', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbbxec/', 'Local from GA and was academic honor roll one year, so possibly Hope scholarship a factor too. Just speculation though', '13iqx8k'], ['u/IceColdDrPepper_Here', 10, '2023-05-16 03:56', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbbynj/', 'He’s transferring as a walk-on. I’d assume he’ll get a scholarship next year', '13iqx8k'], ['u/rockstar323', 14, '2023-05-16 05:22', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbmaxo/', 'He was the #10 ranked ILB in his class, we recruited him to play RB. He was injured at the start of 21 and only saw action in a handful of games. Then he got an off season injury and missed all of 22.', '13iqx8k'], ['u/KetchupKing05', 11, '2023-05-16 05:29', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbn1rg/', 'If we were worried about contributors running off for NIL deals, we wouldn’t have brought in Lovett, Thomas, or Bouie this year. \n\nYes, some guys are looking for a bag. A lot more are looking for development. And I trust Kirby to bring in the guys he wants that will compete', '13iqx8k'], ['u/UGA10', 52, '2023-05-16 05:33', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbngaq/', 'Georgia is absolutely giving walk-ons NIL money. Pretty certain everyone in the program is getting something.', '13iqx8k'], ['u/P44_Haynes', 22, '2023-05-16 05:49', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbp5m4/', 'Correct', '13iqx8k'], ['u/ViscountBurrito', 24, '2023-05-16 06:09', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkbr3gy/', 'There’s a pretty hard ceiling for a walk-on at Georgia. I can’t imagine one finishing higher than maybe 4th in the Heisman vote.', '13iqx8k'], ['u/clam-caravan', 11, '2023-05-16 10:47', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkccm5n/', 'Looked like a solid player to me when healthy. We have a fairly deep RB room now especially with the addition of Cameron Seldon and DeSean Bishop. Len’Neth got buried in the depth chart.', '13iqx8k'], ['u/bbb26782', 13, '2023-05-16 11:57', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkchbqr/', 'He is an in state student, so he’ll get his tuition covered by the HOPE scholarship. It probably wouldn’t take as much to do that as you think.\n\nThat being said, I’m not sure that really played a factor here. I think he chose Georgia because it’s (extremely) close to home.', '13iqx8k'], ['u/ATLtinyrick', 17, '2023-05-16 12:10', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkci9sv/', 'Tuition is free in GA for instate colleges with HOPE', '13iqx8k'], ['u/I_Glitterally_Cant', 16, '2023-05-16 13:45', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkcqmfy/', 'Walk ons tend to do well in our locker room', '13iqx8k'], ['u/-BoldlyGoingNowhere-', 10, '2023-05-16 16:40', 'https://www.reddit.com/r/CFB/comments/13iqx8k/tennessee_rb_lenneth_whitehead_transfers_to/jkdcx82/', 'It helps if they can deliver the mail.', '13iqx8k']]], ['u/OlSlik_Talk', 'These are fun!! Picked up 2 packs today from the Ol’ Brick and mortar and have 4 more in the mail… Clues? Bitcoins? We’ll see 😃', 362, '2023-05-16 03:47', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/', 'Wondering if I should keep a box or two sealed for GME collectors/hodlers… 🤔', 'https://www.reddit.com/gallery/13irh9q', '13irh9q', [['u/TimOnTheLam', 10, '2023-05-16 04:51', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbitq2/', 'Did you get any ones that you can redeem for currency?', '13irh9q'], ['u/fireballx777', 31, '2023-05-16 05:12', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbl87b/', 'It\'s a backronym. People came up with "what it means" after the fact, but the origin is just a misspelling of HOLD.', '13irh9q'], ['u/Browncoat64', 17, '2023-05-16 05:21', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbm6wj/', 'What are these?', '13irh9q'], ['u/FyrebreakZero', 14, '2023-05-16 05:32', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbnbrm/', 'The BIG questions is….\n\nWhen are we all meeting up to trade & collect??', '13irh9q'], ['u/eNYC718', 11, '2023-05-16 05:44', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbolqm/', 'Yea im out the loop too...what is it and how many should I buy.', '13irh9q'], ['u/OlSlik_Talk', 36, '2023-05-16 06:32', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkbta9r/', 'Trading cards sold at GameStop… check out their website, they tweeted a link a couple days ago. Some packs have cards with scratch offs redeemable for crypto if you’re lucky. If you’re extra lucky you will pull a card redeemable for a WHOLE bitcoin.', '13irh9q'], ['u/SD_JDM', 11, '2023-05-16 09:44', 'https://www.reddit.com/r/GME/comments/13irh9q/these_are_fun_picked_up_2_packs_today_from_the_ol/jkc8dba/', 'So you’re saying GameStop can’t be liable “ manipulation” for giving investors a product that is on the Blockchain and is end-user specific', '13irh9q']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 16, 2023', 27, '2023-05-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/', '13iud9d', [['u/regxbN78', 11, '2023-05-16 07:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkbyxam/', 'Assuming $30K is the average price for this cycle, we could easily range here for another nine months or so and it would be completely normal.', '13iud9d'], ['u/regxbN78', 14, '2023-05-16 07:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkbz3ue/', "Can't get liquidated without leverage. =)", '13iud9d'], ['u/anon-187101', 49, '2023-05-16 07:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkbzte4/', "We are ~11 months out from the next Halving.\n\nAside from being a Bitcoin Maximalist, I'm also a Cycle Maximalist (until proven otherwise). If that premise is correct, we are ~20-24 months out from the next Hypecycle Peak.\n\nThis is the time to stack and sweep sats into self-custody with steadfast discipline. I plan to keep my nose to the grindstone over the course of the next 610-730 days. That means living below my means and cutting it tight in the belt, practicing lower time-preference, and seeking contentment in simple living.\n\nLet's do this, r/bitcoinmarkets.", '13iud9d'], ['u/Magikarpeles', 11, '2023-05-16 08:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkc3mso/', 'Bitcoin has to be the most boring asset in the world lately\n\n🥱', '13iud9d'], ['u/52576078', 23, '2023-05-16 11:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkcf27h/', 'What do people here make of the Ledger news about being able to send your seed in shards to different custodians for later recovery? People are very unhappy about it over on /r/ledgerwallet/\n\nLedger have been going down in my estimation for a while. When they did that thing with the iPhone guy, I thought they had jumped the shark.', '13iud9d'], ['u/52576078', 10, '2023-05-16 11:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkcfgmn/', 'Ledger co-founder /u/btchip is active trying to explain this stuff but getting a lot of push back. This is worrying.', '13iud9d'], ['u/Proper-Professor-608', 15, '2023-05-16 11:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkch55r/', '"The device sends encrypted shards of your seed to different companies if you decide to use the service. You can of course still choose to backup it yourself."\n-- ledger co-founder /u/btchip\n\n\nWtf is there to explain, the point of the device was that the seed should not be able to leave the device on a hardware level. Evidently this is not the case, so ledgers are trash.\n\n\nNo amount of explaining and mental gymnastics changes this', '13iud9d'], ['u/Yodel_And_Hodl_Mode', 27, '2023-05-16 12:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkcjxdb/', 'I\'m angry.\n\nReddit user [btchip](https://np.reddit.com/user/btchip) is a Ledger owner and co-founder. This is what he had to say about Ledger hardware wallets sending out seeds:\n\n> The device sends encrypted shards of your seed to different companies if you decide to use the service.\n\n[SOURCE: Ledger owner and co-founder, u/btchip](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbyyfp/)\n\nHere\'s what Ledger is doing.\n\nLedger is launching a new "service" called Ledger Recover, for $9.99 a month, which splits the owner\'s seed phrase into three "encrypted" shards and distributes them to three companies: Ledger, Coincover, and EscrowTech. I say "service" in quotes because we have no way of knowing if this backdoor is in all of their code, since their code isn\'t fully open source, which means their code cannot be fully audited for safety and security.\n\nThe idea behind Ledger Recover is this: if a user loses their seed words, any 2 of the 3 companies can combine shards to give the user the seed.\n\nThe point of Ledger Recover is for users to give Ledger $120 a year.\n\nThe security issues with Ledger Recover are enormous.\n\nIf one of the three companies someday buys either of the other two, or if an employee of one of the three finds a way to access data from any of the others, they\'ll have 2 shards of all users seeds, which means your seeds are theirs.\n\nGame over.\n\nKeep in mind, Ledger already had a massive data breach, where hackers were given names, home addresses, email addresses, and phone numbers of everyone who bought a wallet from them. Now, they want to give hackers parts of all user seeds too, and they want to charge users $10 a month for the privilege of making their coins hackable:\n\n> [Ledger data leak: A ‘simple mistake’ exposed 270K crypto wallet buyers](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers)\n\n> Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online.\n\nAnd since Ledger\'s code isn\'t fully open source, you have no way of knowing if the next software or firmware update will enable this backdoor to your wallet.\n\nIf you are stupid enough to use this service, you will lose your coins. It\'s just a matter of when.\n\nIf you are naive enough to stick with Ledger, you will lose your coins. It\'s just a matter of when.\n\nIt\'s not a matter of IF. It\'s a matter of WHEN.\n\nI\'m not a hater. I\'m a guy who has been preaching the importance of hardware wallets for years here, and I\'ve been recommending Ledgers, specifically. But now, I am done with this company. I\'m shocked that they\'re sacrificing user security for a cash grab, and I\'m feeling stupid for having trusted them in the first place.', '13iud9d'], ['u/Yodel_And_Hodl_Mode', 11, '2023-05-16 12:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkclb4d/', "> What is wrong with that functionality so long as you unlock the device to authorize it?\n\nThe device is supposed to lock your seed words in a secure element chip which has no connection with the internet.\n\nNow, they're saying your seed is, I guess, in the secure element chip, but it can also be accessed by and sent out over the internet.\n\nThat Is Not OK.\n\nAnd since their code isn't fully open source, it can't be audited for safety and security... so... just trust them and it'll be fine. Except they've already been hacked, and they've already released customer info such as... user home addresses, home phone numbers, email addresses... need I continue?\n\nAnd now, they're saying other companies have the ability to access 1/3 of user seeds, so users need to trust those companies too?\n\nGranted, we can choose to not use the Ledger Recover service, but since their code isn't open, how do we know they aren't sharing parts of our seeds?\n\nNo, really. I'm asking:\n\nHow do we know they aren't sharing parts of our seeds?", '13iud9d'], ['u/Magikarpeles', 10, '2023-05-16 15:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkd61xt/', 'Personally I feel lazy, and a little horny', '13iud9d'], ['u/[deleted]', 11, '2023-05-16 19:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jke3lhz/', 'Damn, my feed full of ledger fd, and buy Trezor ads. Woof. Not great', '13iud9d'], ['u/CrapCloud', 10, '2023-05-16 22:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkeu5wg/', "It's up since the the beginning of the year and flat since mid march.", '13iud9d'], ['u/delgrey', 13, '2023-05-16 23:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkf42ij/', '"Cramer calls Wells Fargo the \'best-capitalized bank\' following $1 billion settlement"\n\n4th largest bank in the US on the chopping block now.', '13iud9d'], ['u/MyCheeriosSpellOoo', 20, '2023-05-16 23:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkf4gjt/', 'Ledger seems to have shot themselves in the foot. I’m not panicking, just disappointed in their actions. I am planning no further updates to the latest firmware and only using with Electrum instead of Ledger Live. I will likely be moving funds in the near future. Trezor seems the obvious choice but I’m intrigued by Seed Signer. Anyone have any feedback to share?', '13iud9d'], ['u/DEEPFIELDSTAR', 18, '2023-05-16 23:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13iud9d/daily_discussion_tuesday_may_16_2023/jkf65kn/', "They made this announcement far too soon with far too few details available. They just nuked the trust people had in their company. And the replies on Reddit thus far are sporadic and cryptic. Not good.\n\nThe only thing that might save their reputation this point is if they confirm that you physically have to re-enter your seed on the device in order to send the encrypted shards to their isolated servers. That would make it still a pretty stupid idea but at least it would confirm that it's impossible for the seed to be extracted - this is the crucial part. It doesn't matter if it's encrypted or you have to opt in. The point is if it's possible to extract the seed from the secure element without you having to re-enter it on the device physically - then you basically have nothing more than a software wallet at that point. \n\nedit: It would seem like it can be extracted - but you have to physically confirm it with a button press. And their marketing team is trying to use fancy language by saying how what's actually being extracted is some form of encrypted root key that's not technically your seed phrase but is equally as valuable. So yeah, absolute suicide. It's great that you need a physical confirmation to allow this to take place but in the past malicious actors have faked prompts where you need a physical confirm and you were actually confirming something else. Who's to say that can't/won't happen here? \n\nIf it's technically possible, it will be exploited eventually. Case closed. \n\nThis might go down as one of the biggest lies / misrepresentations / blunders in crypto history if they don't fix this fast. \n\nAlso at this point even if they abandon the firmware who's to say it hasn't already been baked into existing firmware? What a mess.", '13iud9d']]], ['u/rBitcoinMod', 'Daily Discussion, May 16, 2023', 33, '2023-05-16 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13i0mw4/mentor_monday_may_15_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/', '13iwn52', [['u/newsflashjackass', 13, '2023-05-16 15:20', 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/jkd1peg/', "Pressing Shift + Esc in Firefox opens its process manager, which shows each tab's ram and CPU usage.\n\nI noticed that the website I used for (obsessively) checking bitcoin prices was always the most demanding tab I had open- and it wasn't even close.\n\nThen I said screw that and found a way to display bitcoin's price in a Linux terminal. The next line will check the price of bitcoin using coingecko's API every 5 minutes (300 seconds, to be precise- that's what the number 300 does) and sleep in between so it uses minimal resources.\n\n`while true; do curl --silent -X 'GET' 'https://api.coingecko.com/api/v3/simple/price?ids=bitcoin&vs_currencies=usd' -H 'accept: application/json' \| json_pp -json_opt pretty,canonical; sleep 300; done`\n\nIt needs curl to fetch the data and json_pp to print it.\n\nPress CTRL+C to kill it when you get tired of watching bitcoin prices. As if.", '13iwn52'], ['u/One_2_Three', 11, '2023-05-16 19:43', 'https://www.reddit.com/r/Bitcoin/comments/13iwn52/daily_discussion_may_16_2023/jke5iey/', 'There is a new saying now. "Get your coins off the exchanges and out of your Ledger wallet."', '13iwn52']]], ['u/DaVirus', 'DO NOT Update your Ledger, and consider moving to a different cold wallet', 1016, '2023-05-16 10:01', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/', "The most recent Ledger update allows for a new Recovery feature. This feature enables you to send your seed in shards to different custodians for later recovery.\n\nIt is obvious that this is a problem. The fact that Ledger with a firmware update is even able to share your private keys is a massive red flag.\n\nI would not consider Ledger secure anymore. Just a heads up.\n\nEdit: for people wanting sources and official statements, this is the comment thread from the Ledger Co-Founder.\nShould not convince anyone.\n\nhttps://www.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbyyfp/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=14&context=3\n\nEdit 2: it does not matter if the update can be skipped or if the feature is subscription only and you don't need to use it. The problem is that the secure element is hot.\n\nEdit 3: Ledger has pulled the update and likely cancelled the entire thing. https://www.nobsbitcoin.com/ledger-to-launch-kyc-cloud-based-recovery-service/.\nATTENTION: this might not solve anything. Even if there is no active firmware leak, we know that the secure element is able to transmit the seeds, and this is a vulnerability until proven otherwise.\n\nEdit 4: To be fair and transparent, there are some explanations of how the Recovery tool worked and how it shared the seed. Read it and see if you are comfortable with it. https://support.ledger.com/hc/en-us/articles/9579368109597-Ledger-Recover-FAQs?docs=true", 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/', '13iyous', [['u/dlq84', 29, '2023-05-16 10:28', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcbdku/', "You don't get it. They used to claim the keys were stored on a secure chip not even the firmware could access (think HSM). If this feature works like I think it does that was a complete lie.", '13iyous'], ['u/DaVirus', 13, '2023-05-16 10:32', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcblkn/', 'Exactly.', '13iyous'], ['u/Boriz0', 453, '2023-05-16 10:37', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcbx1g/', 'So, the Ledger HW wallet can export private keys now, thanks to a software update? If this is true, then it defeats the entire purpose of it.', '13iyous'], ['u/DaVirus', 275, '2023-05-16 10:37', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcbyzq/', 'Its worse than that. In theory, the hardware was always able to leak your keys if a simple firmware upgrade allows it to.', '13iyous'], ['u/Crypto-4-Freedom', 33, '2023-05-16 10:42', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcc981/', 'Time for a trezor', '13iyous'], ['u/Dr-Lavish', 21, '2023-05-16 10:47', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkccme1/', 'Whoa!! This is horrible. Wtf are they thinking? Too many customers losing their private keys perhaps? They need to address this or face losing the majority of their customer base.', '13iyous'], ['u/DaVirus', 36, '2023-05-16 10:52', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkccwu5/', 'There is no going back. The fact that their chip could share keys this all time is a massive breach of trust.', '13iyous'], ['u/Ethric_The_Mad', 14, '2023-05-16 11:07', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcdxc0/', 'Can someone just kinda walk me through how to make a paper wallet? Idk what to trust anymore.', '13iyous'], ['u/Gandhi70', 12, '2023-05-16 11:20', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcetbh/', 'Is there some more information on this? If the Ledger device is able to transmit/share the seed than it is useless.', '13iyous'], ['u/Allions1', 28, '2023-05-16 11:23', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcezvi/', 'Really concerned by this. How this was not assessed before releasing this statement and the update? It’s nonsense… they should have thought that this would be the reaction of the costumers.', '13iyous'], ['u/generateduser29128', 12, '2023-05-16 11:33', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcfo89/', "Don't use traditional paper wallets", '13iyous'], ['u/mutinomonem', 222, '2023-05-16 11:40', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcg60m/', "Yeah I'm gonna wait for ledger themselves to come out and tell us exactly how this works before I freak out and panic about anything. \n\nIt just seems very stupid of them for this to work how we think it does. They're supposed to be an industry leader.", '13iyous'], ['u/Soulprano', 18, '2023-05-16 11:44', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcgf54/', 'Bitbox', '13iyous'], ['u/MuXu96', 17, '2023-05-16 11:45', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcggvw/', "This is not confirmed as far as I know. Facts would be nice and not just drama.\n\nIt could be that for the Recovery you have to put your seed in by hand and it can't be sent out. Until this isn't confirmed you should chill a bit.\n\nI agree that this would be stupid if true and ledger is walking in the razors edge", '13iyous'], ['u/DaVirus', 20, '2023-05-16 11:50', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcgva1/', 'You have multiple good options in the cold wallet space. Trezor, Cold Card, Jade.', '13iyous'], ['u/deadleg22', 26, '2023-05-16 11:54', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkch5jm/', "Just because it's open source alone made me choose trezor.", '13iyous'], ['u/Crypto-4-Freedom', 10, '2023-05-16 11:55', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkch7pi/', 'For me the same.', '13iyous'], ['u/dima054', 11, '2023-05-16 12:01', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkchnbs/', 'yay, download a rigged private key generator', '13iyous'], ['u/chetaget', 60, '2023-05-16 12:20', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcj26p/', 'You are 100% sure this firmware update allows them to export your private key, and not just some feature where you type your recovery phrases in to the app and they save it for you?', '13iyous'], ['u/theabominablewonder', 74, '2023-05-16 12:23', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjaoj/', 'Not necessarily the unencrypted key, more likely it has a function to send the encrypted version only. Still not great though.', '13iyous'], ['u/iciEric', 10, '2023-05-16 12:24', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjdsp/', 'u/DaVirus Does the potential leak also occur with the passphrase? Are you 100% sure of what you are saying? Could you share your source?', '13iyous'], ['u/buddhistbatrachian', 39, '2023-05-16 12:25', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjge1/', 'With the trajectory we are having everything dependent on a private company generates me distrust.', '13iyous'], ['u/capturendestroy', 104, '2023-05-16 12:29', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcjp88/', 'It splits your seed phrase into three encrypted shards and distributes them to three custodians: Ledger, Coincover, and EscrowTech. But first you have to sign up for this subscription based service and it costs $9.99 per month.\n\n---\n\nEdit - Here is some more information about the "Ledger Recover" service.\n\n"Ledger uses the BIP39 standard for the generation of the Secret Recovery Phrase on all of our devices. This is generated by the secure element of your device and is ONLY ever shared with you. Never us.\n\nIf you use Ledger Recover, your Ledger generates an additional backup phrase (that is NOT your Secret Recovery Phrase). Throughout this process, Ledger and our trusted providers have no access to your Secret Recovery Phrase.\n\nIf you choose to subscribe, Ledger Recover encrypts a version of your private key and splits it into three fragments (using Shamir Secret Sharing) - all of this happens on the Secure Element chip, so your Secret Recovery Phrase is not at risk. \n\nThis backup phrase is then split into three fragments. These encrypted fragments are stored by 3 different parties on cryptographically-secure Hardware Security Modules. Individually, these encrypted fragments are completely useless. When you want to restore your keys, 2 of these 3rd parties will send back their fragments to your Ledger device (and not us as an organization), which will be able to reconstitute your Secret Recovery Phrase.\n\nDecryption can ONLY happen on a Ledger’s Secure Element chip.\n\nYou need to approve the service on your Ledger, otherwise the backup is never created. There\'s no backdoor to a backup."\n\nhttps://www.reddit.com/r/ledgerwallet/comments/13j5cna/introducing_ledger_recover_answering_your/', '13iyous'], ['u/Zealousideal_Gap_522', 10, '2023-05-16 12:49', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkcle5v/', 'Right, this means that wherever it physically stores the seed, the HW that stores the seed could not only just receive data but it could also transmit.', '13iyous'], ['u/Squeezitgirdle', 37, '2023-05-16 12:54', 'https://www.reddit.com/r/Bitcoin/comments/13iyous/do_not_update_your_ledger_and_consider_moving_to/jkclu70/', "Same. Wh... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies on the back of a favorable ruling for Ripple Labs in its lawsuit with the Securities and Exchange Commission (SEC). U.S. equity futures gained as U.S. President Joe Biden and Congress reportedly made progress on raising the debt ceiling. See related article: EU\x92s MiCA gets unanimous nod from European Council Ripple gains after positive ruling Bitcoin fell 0.87% to US$27,036.75 in the 24 hours to 7:35 a.m. in Hong Kong, but lost 2.05% over the last seven days according to CoinMarketCap data. Ether edged up 0.28% to US$1,825.91, while posting a 1.10% weekly loss. Other top 10 non-stablecoin cryptocurrencies traded mixed on Wednesday morning. XRP led the gains, adding 2.68% to US$0.4399. The gain follows positive news for Ripple Labs, a payments firm that depends on XRP technology, as Judge Analisa Torres for the U.S. District Court for the Southern District of New York denied the SEC\x92s motion to seal the controversial Hinman Speech documents from the public. The document refers to a speech given by former SEC official William Hinman on June 14, 2018. In the speech, Hinman stated that the agency did not view Bitcoin or Ethereum as securities. This statement is a major point of focus in the long-running legal battle between Ripple and the SEC. The regulator accuses Ripple of providing unregistered securities. Meanwhile, Polygon\x92s Matic led losses among the top 10 non-stablecoins. It registered a loss of 2.21% to US$0.8442, with a 3.56% drop over the past seven days. The total crypto market capitalization fell 0.93% in the past 24 hours to US$1.13 trillion. The total trading volume also lost 7% to US$28.74 billion. Bitcoin to challenge Ethereum\x92s NFT supremacy? The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token market, the Forkast 500 NFT index recorded a loss of 0.13% to 3,378.53 points in the 24 hours to 7:30 a.m. in Hong Kong, down 2.32% during the week. Story continues This, said CryptoSlam NFT analyst Yehudah Petscher, can again be attributed to \x93low volume and high transacting fees from crypto trading.\x94 24-hour NFT sales on Ethereum, the leading blockchain for NFTs, rose 2.16% to US$18.6 million. Sales on the Bitcoin blockchain took second place on Cryptoslam\x92s blockchain ranking by gaining 32.11% to US$4.6 million. \x93Bitcoin NFTs are just getting started and in the long run, I expect Bitcoin to compete head-to-head with Ethereum\x92s all-time sales. It may actually exceed them too,\x94 Yehudah said. The Bored Ape Yacht Club NFT collection recorded the highest sales volume in the last 24 hours. It rose 8% to US$2.48 million. All 24 highest individual NFT sales in the past day were Bored Ape Yacht Club NFTs according to Cryptoslam. BAYC #466 sold for 98 ETH (US$178,751). Milady Maker was second in terms of NFT collection rankings by sales volume on Cryptoslam. It recorded a surge of 207.61% over the past 24 hours to US$1.3 million. The collection took the market by storm last week after Twitter and Tesla chief Elon Musk tweeted an image containing the Milady NFT. pic.twitter.com/4s6HwnCY74 \x97 Elon Musk (@elonmusk) May 10, 2023 Traders can expect a slow week ahead in the NFT market as many in the NFT community attend the VeeCon Web3 conference in Indianapolis on May 18-20. \x93Those who believe NFTs can function as access passes, art, and collectibles all in one are in for a treat,\x94 said Cryptoslam\x92s Yehudah. \x93I\x92m expecting markets to be slow while many are off networking, but we also know that degens are going to degen.\x94 U.S. stock futures gain after positive debt ceiling talks Kevin McCarthy, Speaker of the U.S. House of Representatives \| Image: Getty Images U.S. stock futures traded higher as of 9:30 a.m. in Hong Kong, while the Dow Jones Industrial Average futures rose 0.15%. The S&P 500 futures added 0.19%. The Nasdaq Composite futures also gained 0.24% as investors anticipate a solution to the U.S. debt crisis. U.S. President Joe Biden met with leaders of Congress Tuesday to hash out an agreement that would allow a rise in the debt ceiling.. On May 1, U.S. Treasury Secretary Janet Yellen warned Congress that the country will start to fail to meet debt payment obligations as early as June 1. That would result in a debt default and wider economic repercussions in the U.S. and globally. After the one-hour talk at the White House Tuesday, Biden told reporters that the discussion was productive. House Representative Kevin McCarthy appeared to agree. He said it is possible to reach an agreement on raising the debt ceiling by the end of this week. Yellen warned again Tuesday that a debt default would result in an income shock that could lead to a recession. This would destroy jobs and businesses in the country, she said. The Treasury leader called for faster action on raising the debt ceiling. She added that the country is already seeing a heavier debt burden as the stalemate drives borrowing costs higher. The Dow Jones, S&P 500 and Nasdaq Composite each posted losses during regular trading on Tuesday following earnings report releases earlier in the day. Major retailer Home Depot\x92s revenue dropped 4.2% year on year in the first quarter. Company executives warned investors it may see its first annual sales decline since 2009. Investors now await more earnings reports from Tencent Holdings, Cisco Inc., Siemens AG, Target Corp. and more on Wednesday. Federal Reserve Chair Jerome Powell is expected to share his views on interest hikes Friday ahead of the Fed\x92s next interest rate decision on June 14. The rate of between 5 and 5.25% is the highest since 2006. The CME FedWatch Tool predicts a 77.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 22.5% chance for another 25 basis-point rate hike.', 'Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies on the back of a favorable ruling for Ripple Labs in its lawsuit with the Securities and Exchange Commission (SEC). U.S. equity futures gained as U.S. President Joe Biden and Congress reportedly made progress on raising the debt ceiling.\nSee related article:EU’s MiCA gets unanimous nod from European Council\nBitcoin fell 0.87% to US$27,036.75 in the 24 hours to 7:35 a.m. in Hong Kong, but lost 2.05% over the last seven days according to CoinMarketCap data.\nEther edged up 0.28% to US$1,825.91, while posting a 1.10% weekly loss.\nOther top 10 non-stablecoin cryptocurrencies traded mixed on Wednesday morning. XRP led the gains, adding 2.68% to US$0.4399.\nThe gain follows positive news for Ripple Labs, a payments firm that depends on XRP technology, as Judge Analisa Torres for the U.S. District Court for the Southern District of New Yorkdeniedthe SEC’s motion to seal the controversial Hinman Speech documents from the public.\nThe document refers to a speech given by former SEC official William Hinman on June 14, 2018. In the speech, Hinman stated that the agency did not view Bitcoin or Ethereum as securities. This statement is a major point of focus in the long-running legal battle between Ripple and the SEC. The regulator accuses Ripple of providing unregistered securities.\nMeanwhile, Polygon’s Matic led losses among the top 10 non-stablecoins. It registered a loss of 2.21% to US$0.8442, with a 3.56% drop over the past seven days.\nThe total crypto market capitalization fell 0.93% in the past 24 hours to US$1.13 trillion. The total trading volume also lost 7% to US$28.74 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index recorded a loss of 0.13% to 3,378.53 points in the 24 hours to 7:30 a.m. in Hong Kong, down 2.32% during the week.\nThis, said CryptoSlam NFT analyst Yehudah Petscher, can again be attributed to “low volume and high transacting fees from crypto trading.”\n24-hour NFT sales on Ethereum, the leading blockchain for NFTs, rose 2.16% to US$18.6 million. Sales on the Bitcoin blockchain took second place on Cryptoslam’s blockchainrankingby gaining 32.11% to US$4.6 million.\n“Bitcoin NFTs are just getting started and in the long run, I expect Bitcoin to compete head-to-head with Ethereum’s all-time sales. It may actually exceed them too,” Yehudah said.\nThe Bored Ape Yacht Club NFT collection recorded the highest sales volume in the last 24 hours. It rose 8% to US$2.48 million. All 24 highest individual NFT sales in the past day were Bored Ape Yacht Club NFTs according to Cryptoslam. BAYC #466 sold for 98 ETH (US$178,751).\nMilady Maker was second in terms of NFT collection rankings by sales volume on Cryptoslam. It recorded a surge of 207.61% over the past 24 hours to US$1.3 million. The collection took the market by storm last week after Twitter and Tesla chiefElon Musktweeted an image containing the Milady NFT.\nTraders can expect a slow week ahead in the NFT market as many in the NFT community attend the VeeCon Web3 conference in Indianapolis on May 18-20.\n“Those who believe NFTs can function as access passes, art, and collectibles all in one are in for a treat,” said Cryptoslam’s Yehudah. “I’m expecting markets to be slow while many are off networking, but we also know that degens are going to degen.”\nU.S. stock futures traded higher as of 9:30 a.m. in Hong Kong, while the Dow Jones Industrial Average futures rose 0.15%. The S&P 500 futures added 0.19%. The Nasdaq Composite futures also gained 0.24% as investors anticipate a solution to the U.S. debt crisis.\nU.S. President Joe Biden met with leaders of Congress Tuesday to hash out an agreement that would allow a rise in the debt ceiling..\nOn May 1, U.S. Treasury Secretary Janet Yellen warned Congress that the country will start to fail to meet debt payment obligations as early as June 1. That would result in a debt default and wider economic repercussions in the U.S. and globally.\nAfter the one-hour talk at the White House Tuesday, Biden told reporters that the discussion was productive. House Representative Kevin McCarthy appeared to agree. He said it is possible to reach an agreement on raising the debt ceiling by the end of this week.\nYellenwarnedagain Tuesday that a debt default would result in an income shock that could lead to a recession. This would destroy jobs and businesses in the country, she said. The Treasury leader called for faster action on raising the debt ceiling. She added that the country is already seeing a heavier debt burden as the stalemate drives borrowing costs higher.\nThe Dow Jones, S&P 500 and Nasdaq Composite each posted losses during regular trading on Tuesday following earnings report releases earlier in the day. Major retailerHome Depot’srevenue dropped 4.2% year on year in the first quarter. Company executives warned investors it may see its first annual sales decline since 2009.\nInvestors now await more earnings reports from Tencent Holdings, Cisco Inc., Siemens AG, Target Corp. and more on Wednesday.\nFederal Reserve Chair Jerome Powell is expected to share his views on interest hikes Friday ahead of the Fed’s next interest rate decision on June 14. The rate of between 5 and 5.25% is the highest since 2006. The CME FedWatch Tool predicts a 77.5% chance the Fed will keep rates unchanged in June. However, it also predicts a 22.5% chance for another 25 basis-point rate hike.', 'Kyle White agrees to his second entrepreneurial exit after Interstellar Digital acquisition Miami, FL, May 16, 2023 (GLOBE NEWSWIRE) -- Interstellar Digital LLP, a leading venture marketing agency founded by Kyle White and Maria Lobanova, has been acquired in full by new LLC, to focus more on public relations, branding, and communication for an undisclosed sum. The acquisition will create Interstellar Digital LLC based in Miami that will offer a full range of digital services to clients across various industries including blockchain technologies and non-fungible tokens. Interstellar Digital is led by Maria Lobanova who has a 10 plus year history delivering success to clients. Kyle White will remain on as a Partner Advisor with the new company, bringing his expertise and experience in scaling startups and structuring communication success. The acquisition makes this Kyle’s second successful exit from a startup he founded in his career. He is also a sought-after speaker, analyst, and author on blockchain topics having first utilized crypto in 2015. Kyle is an experienced venture marketing Advisor and M&A Executive for over 15 companies raising over $600 million in funding and worked on over $2 billion in acquisitions. “I’m thrilled to see Maria Lobanova and her team at Interstellar Digital LLC set up this new structure,” said White. “Maria is a visionary leader who shares my passion for creating impactful solutions for clients. Together, we delivered exceptional results and value helping Interstellardigital.io to continue to thrive under her leadership.” Maria Lobanova will continue on as the CEO of the Interstellar Digital LLP public relations agency. In addition to Interstellar Digital, she is a contributor to top media outlets including Bitcoin Magazine, HackerNoon, and GQ. Maria started in the crypto industry in 2016 meeting with Vitalik Buterin in Moscow early on in her career. Maria has organized tier one crypto events like Cryptospace Moscow with top industry leaders including the CGO of Binance, the CEO of eToro, and CEO of Metaverse. During CryptoRunway at Art Basel in Miami she spoke on the panel with the CEO of Rarible and the CEO of Doodles. Maria organized the Crypto Gala in Miami sponsored by Polygon, Securitize and other notable companies as well as the Gam3r’s Choice Awards. Story continues “I’m delighted to have acquired Interstellar Digital LLP in full,” said Lobanova. “Kyle is a blockchain legend who has built an impressive portfolio of clients and projects over the years. His expertise and insights will continue to be invaluable to Interstellar Digital.” Interstellar Digital LLC will operate in Miami but continue to have a global presence. The company will continue to offer its signature services such as public relations, communications, influencer marketing, social media management, community management, and event planning. Interstellar Digital LLC offers a full range of digital marketing services to clients across various industries like web3, blockchain, AI, and high tech. The company was formed by the acquisition of Interstellar Digital Partnership by Maria Lobanova. The acquisition of Interstellar LLP marks Kyle White’s second successful entrepreneurial exit and he will remain as a Partner advisor with the new company. For more information, visit interstellardigital.io or follow @interstellardigitalpr on Instagram. Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Media Contact : Contact : Maria Lobanova Email : [email protected] Location : Miami, FL Source:\xa0 Interstellar Digital', 'Kyle White agrees to his second entrepreneurial exit after Interstellar Digital acquisition\nMiami, FL, May 16, 2023 (GLOBE NEWSWIRE) -- Interstellar Digital LLP, a leading venture marketing agency founded by Kyle White and Maria Lobanova, has been acquired in full by new LLC, to focus more on public relations, branding, and communication for an undisclosed sum. The acquisition will create Interstellar Digital LLC based in Miami that will offer a full range of digital services to clients across various industries including blockchain technologies and non-fungible tokens. Interstellar Digital is led by Maria Lobanova who has a 10 plus year history delivering success to clients.\nKyle White will remain on as a Partner Advisor with the new company, bringing his expertise and experience in scaling startups and structuring communication success. The acquisition makes this Kyle’s second successful exit from a startup he founded in his career. He is also a sought-after speaker, analyst, and author on blockchain topics having first utilized crypto in 2015. Kyle is an experienced venture marketing Advisor and M&A Executive for over 15 companies raising over $600 million in funding and worked on over $2 billion in acquisitions.\n“I’m thrilled to see Maria Lobanova and her team at Interstellar Digital LLC set up this new structure,” said White. “Maria is a visionary leader who shares my passion for creating impactful solutions for clients. Together, we delivered exceptional results and value helping Interstellardigital.io to continue to thrive under her leadership.”\nMaria Lobanova will continue on as the CEO of the Interstellar Digital LLP public relations agency. In addition to Interstellar Digital, she is a contributor to top media outlets including Bitcoin Magazine, HackerNoon, and GQ. Maria started in the crypto industry in 2016 meeting with Vitalik Buterin in Moscow early on in her career. Maria has organized tier one crypto events like Cryptospace Moscow with top industry leaders including the CGO of Binance, the CEO of eToro, and CEO of Metaverse. During CryptoRunway at Art Basel in Miami she spoke on the panel with the CEO of Rarible and the CEO of Doodles. Maria organized the Crypto Gala in Miami sponsored by Polygon, Securitize and other notable companies as well as the Gam3r’s Choice Awards.\n“I’m delighted to have acquired Interstellar Digital LLP in full,” said Lobanova. “Kyle is a blockchain legend who has built an impressive portfolio of clients and projects over the years. His expertise and insights will continue to be invaluable to Interstellar Digital.”\nInterstellar Digital LLC will operate in Miami but continue to have a global presence. The company will continue to offer its signature services such as public relations, communications, influencer marketing, social media management, community management, and event planning.\nInterstellar Digital LLC offers a full range of digital marketing services to clients across various industries like web3, blockchain, AI, and high tech. The company was formed by the acquisition of Interstellar Digital Partnership by Maria Lobanova. The acquisition of Interstellar LLP marks Kyle White’s second successful entrepreneurial exit and he will remain as a Partner advisor with the new company. For more information, visit interstellardigital.io or follow @interstellardigitalpr on Instagram.\nDisclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.\nMedia Contact :\nContact : Maria Lobanova\nEmail : [email protected]\nLocation : Miami, FL\nSource:\xa0 Interstellar Digital', "Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Lightning Labs, a company that develops infrastructure for the Lightning Network, has announced the launch of Taproot Assets, a new way to create and use tokens on top of Bitcoin. Taproot Assets is a rebranding of the Taro project, which was first revealed in 2022. Taproot Assets allows users to issue and transfer tokens on the Lightning Network, a layer-2 scaling solution that enables fast and cheap transactions on Bitcoin. Unlike BRC-20 tokens, which have caused congestion and high fees on the network, Taproot Assets is focused on asset issuance on top of Bitcoin in a cheap and efficient manner. Taproot is a major improvement to Bitcoin's privacy and scalability, as it allows users to hide complex scripts inside simple public keys. Taproot Assets uses this feature to create tokens that look like regular Bitcoin transactions. Taproot Assets can be used for various purposes, such as loyalty points, stablecoins, non-fungible tokens (NFTs), gaming items, and more. Notably, the creator of the BRC-20 standard has referred to Taproot Assets as an “unequivocally” better solution.", "Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Taproot Assets Could Offer Cheaper, More Efficient Version of BRC-20 Tokens Lightning Labs, a company that develops infrastructure for the Lightning Network, has announced the launch of Taproot Assets, a new way to create and use tokens on top of Bitcoin. Taproot Assets is a rebranding of the Taro project, which was first revealed in 2022. Taproot Assets allows users to issue and transfer tokens on the Lightning Network, a layer-2 scaling solution that enables fast and cheap transactions on Bitcoin. Unlike BRC-20 tokens, which have caused congestion and high fees on the network, Taproot Assets is focused on asset issuance on top of Bitcoin in a cheap and efficient manner. Taproot is a major improvement to Bitcoin's privacy and scalability, as it allows users to hide complex scripts inside simple public keys. Taproot Assets uses this feature to create tokens that look like regular Bitcoin transactions. Taproot Assets can be used for various purposes, such as loyalty points, stablecoins, non-fungible tokens (NFTs), gaming items, and more. Notably, the creator of the BRC-20 standard has referred to Taproot Assets as an “unequivocally” better solution.", 'Are you interested in cryptocurrency trading but feeling overwhelmed by the complexities of the market? Look no further! In this blog post, we will discuss the top 5 mistakes to avoid when trading crypto, including popular currencies such as Bitcoin, Ethereum , and others. Crypto trading has gained popularity in recent years due to its potential for high returns, but it also involves risks and requires a thorough understanding of the market. That’s why we’ve compiled a list of the top 5 mistakes that even experienced traders make when trading crypto. Whether you’re new to the world of cryptocurrency or a seasoned trader, this blog post will provide valuable insights and practical tips to help you navigate the crypto market with confidence. So, let’s dive in and discover the common pitfalls to avoid when trading popular cryptocurrencies such as Ethereum. Five Crypto Trading Mistakes To Avoid FOMO (Fear of Missing Out) FOMO, or Fear of Missing Out, is a common emotion experienced by traders in the crypto market. It occurs when a trader feels the urge to buy or sell a particular cryptocurrency due to the fear of missing out on potential profits or market trends. FOMO can lead to impulsive buying and selling decisions, which can result in significant losses. To avoid FOMO, traders can set trading rules and stick to them, such as setting stop-loss orders and avoiding trading based on emotions. It’s essential to conduct thorough research and make informed decisions rather than acting solely on the fear of missing out. Lack of Research Conducting thorough research is crucial before investing in any cryptocurrency. Lack of research can lead to investing in scam projects or unstable cryptocurrencies, resulting in significant financial losses. To avoid such situations, it’s essential to conduct extensive research, read whitepapers, study market trends, and analyze the project’s fundamentals. Traders should also avoid investing in cryptocurrencies based solely on hype or social media buzz. By doing proper research, investors can make informed decisions and mitigate the risks associated with investing in the crypto market. Story continues Overtrading Overtrading is a common mistake in the crypto market where traders execute too many trades in a short period, resulting in negative impacts on their portfolios. Overtrading can lead to unnecessary losses, missed opportunities, and increased transaction costs. Traders should set trading limits and avoid making impulsive trading decisions. It’s also essential to take breaks to avoid becoming emotionally attached to a particular trade or market trend. By developing a trading strategy and sticking to it, traders can avoid the negative impacts of overtrading and make more informed trading decisions. Ignoring Risk Management Ignoring risk management is a critical mistake in crypto trading. It has the potential to result in substantial losses and even financial ruin. Traders should prioritize risk management by diversifying their portfolios, setting stop-loss orders, and maintaining a proper risk-to-reward ratio. It’s essential to understand the risks associated with each trade and take necessary precautions to mitigate them. By implementing proper risk management strategies, traders can minimize their losses and maximize their profits in the volatile crypto market. Following the Crowd Following the crowd can be a mistake in crypto trading as it can lead to making decisions based on hype rather than fundamental analysis. Blindly following the crowd can result in losses and missed opportunities as market trends can change quickly. To avoid following the crowd, traders should conduct independent research, study market trends, and trust their own analysis. It’s essential to have a trading plan and stick to it, even if it goes against the current market sentiment. By avoiding herd mentality, traders can make informed decisions and maximize their profits in the dynamic crypto market. Conclusion Being aware of these mistakes is crucial for traders to avoid unnecessary losses and maximize their profits. Traders should prioritize risk management, conduct thorough research, stick to their trading plan, and avoid impulsive decisions based on emotions or social media buzz. By continuing to learn and improve their trading skills, traders can achieve success in the dynamic and volatile crypto market. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'Are you interested in cryptocurrency trading but feeling overwhelmed by the complexities of the market? Look no further! In this blog post, we will discuss the top 5 mistakes to avoid when trading crypto, including popular currencies such as Bitcoin, Ethereum , and others. Crypto trading has gained popularity in recent years due to its potential for high returns, but it also involves risks and requires a thorough understanding of the market. That’s why we’ve compiled a list of the top 5 mistakes that even experienced traders make when trading crypto. Whether you’re new to the world of cryptocurrency or a seasoned trader, this blog post will provide valuable insights and practical tips to help you navigate the crypto market with confidence. So, let’s dive in and discover the common pitfalls to avoid when trading popular cryptocurrencies such as Ethereum. Five Crypto Trading Mistakes To Avoid FOMO (Fear of Missing Out) FOMO, or Fear of Missing Out, is a common emotion experienced by traders in the crypto market. It occurs when a trader feels the urge to buy or sell a particular cryptocurrency due to the fear of missing out on potential profits or market trends. FOMO can lead to impulsive buying and selling decisions, which can result in significant losses. To avoid FOMO, traders can set trading rules and stick to them, such as setting stop-loss orders and avoiding trading based on emotions. It’s essential to conduct thorough research and make informed decisions rather than acting solely on the fear of missing out. Lack of Research Conducting thorough research is crucial before investing in any cryptocurrency. Lack of research can lead to investing in scam projects or unstable cryptocurrencies, resulting in significant financial losses. To avoid such situations, it’s essential to conduct extensive research, read whitepapers, study market trends, and analyze the project’s fundamentals. Traders should also avoid investing in cryptocurrencies based solely on hype or social media buzz. By doing proper research, investors can make informed decisions and mitigate the risks associated with investing in the crypto market. Story continues Overtrading Overtrading is a common mistake in the crypto market where traders execute too many trades in a short period, resulting in negative impacts on their portfolios. Overtrading can lead to unnecessary losses, missed opportunities, and increased transaction costs. Traders should set trading limits and avoid making impulsive trading decisions. It’s also essential to take breaks to avoid becoming emotionally attached to a particular trade or market trend. By developing a trading strategy and sticking to it, traders can avoid the negative impacts of overtrading and make more informed trading decisions. Ignoring Risk Management Ignoring risk management is a critical mistake in crypto trading. It has the potential to result in substantial losses and even financial ruin. Traders should prioritize risk management by diversifying their portfolios, setting stop-loss orders, and maintaining a proper risk-to-reward ratio. It’s essential to understand the risks associated with each trade and take necessary precautions to mitigate them. By implementing proper risk management strategies, traders can minimize their losses and maximize their profits in the volatile crypto market. Following the Crowd Following the crowd can be a mistake in crypto trading as it can lead to making decisions based on hype rather than fundamental analysis. Blindly following the crowd can result in losses and missed opportunities as market trends can change quickly. To avoid following the crowd, traders should conduct independent research, study market trends, and trust their own analysis. It’s essential to have a trading plan and stick to it, even if it goes against the current market sentiment. By avoiding herd mentality, traders can make informed decisions and maximize their profits in the dynamic crypto market. Conclusion Being aware of these mistakes is crucial for traders to avoid unnecessary losses and maximize their profits. Traders should prioritize risk management, conduct thorough research, stick to their trading plan, and avoid impulsive decisions based on emotions or social media buzz. By continuing to learn and improve their trading skills, traders can achieve success in the dynamic and volatile crypto market. McClatchy newsroom and editorial staff were not involved in the creation of this content.', 'Traders work the floor of the New York Stock Exchange during morning trading on May 05, 2022 in New York City. Michael M. Santiago/Getty US stocks dropped on Tuesday as the debt ceiling deadline quickly approaches with no deal yet to be had. President Joe Biden and House Speaker Kevin McCarthy were scheduled to continue their negotiations. Treasury Secretary Janet Yellen warned that "time is running out" on a debt ceiling agreement. US stocks traded lower on Tuesday as investor stress about the ongoing debt ceiling showdown outweighed the strength seen in mega-cap tech stocks. Alphabet and Amazon both surged more than 2%, while Microsoft jumped 1%. Apple stock was up about 0.5%. President Joe Biden and House Speaker Kevin McCarthy met at 3 p.m. today to further negotiate on a potential debt ceiling deal, and time is running out as Biden prepares to travel to Asia for a foreign policy trip. The Biden administration said the President would cut his trip short and come home early to ensure a deal gets done in Congress. Meanwhile, Treasury Secretary Janet Yellen warned that "time is running out" and that the debt ceiling showdown is already impacting Americans. "Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the US economy," Yellen said in prepared remarks to a banking conference on Tuesday. "We are already seeing the impacts of brinksmanship: investors have become more reluctant to hold government debt that matures in early June." Also weighing on stocks on Tuesday were earnings results from Home Depot, which revealed weaker-than-expected guidance as consumers focus on smaller home improvement projects. Here\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday: S&P 500 : 4,109.90, down 0.64% Dow Jones Industrial Average : 33,012.14, down 1.01% (336.46 points) Nasdaq Composite : 1 2,343.05, down 0.18% Here\'s what else happened today: Quarterly 13F filings from top investment managers were filed on Monday. Here\'s what Warren Buffett, Michael Burry , Bill Ackman , Stanley Druckenmiller , and the Mormon church did with their money last quarter. Morgan Stanley\'s Mike Wilson warned that the debt-ceiling deadlock in Congress could be a "lose-lose event" for the stock market as volatility heats up. A slew of Wall Street banks warned that the eye-popping rally in tech stocks this year may be about to end as the potential for an economic downturn increases. RH stock plunged 8% after Berkshire Hathaway dumped its entire stake in the home furnishings company. Bank of America said the expected resumption of student loan payments would weaken the consumer later this year. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 0.63% to $70.66 per barrel. Brent crude , oil\'s international benchmark, dropped 0.66% to $74.73. Gold fell 1.42% to $1,993.90 per ounce. The yield on the 10-year Treasury jumped 3 basis points to 3.54%. Bitcoin dropped 0.83% to $26,948, while ether rose 0.03% to $1,817. Read the original article on Business Insider', '• US stocks dropped on Tuesday as the debt ceiling deadline quickly approaches with no deal yet to be had.\n• President Joe Biden and House Speaker Kevin McCarthy were scheduled to continue their negotiations.\n• Treasury Secretary Janet Yellen warned that "time is running out" on a debt ceiling agreement.\nUS stocks traded lower on Tuesday as investor stress about the ongoing debt ceiling showdown outweighed the strength seen in mega-cap tech stocks.\nAlphabetandAmazonboth surged more than 2%, whileMicrosoftjumped 1%.Applestock was up about 0.5%.\nPresident Joe Biden and House Speaker Kevin McCarthy met at 3 p.m. today to further negotiate on a potential debt ceiling deal, and time is running out as Biden prepares to travel to Asia for a foreign policy trip. The Biden administration said the President would cut his trip short and come home early to ensure a deal gets done in Congress.\nMeanwhile, Treasury Secretary Janet Yellen warned that "time is running out" and that the debt ceiling showdown is already impacting Americans.\n"Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the US economy," Yellensaid in prepared remarksto a banking conference on Tuesday. "We are already seeing the impacts of brinksmanship: investors have become more reluctant to hold government debt that matures in early June."\nAlso weighing on stocks on Tuesdaywere earnings results from Home Depot,which revealed weaker-than-expected guidance as consumers focus on smaller home improvement projects.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday:\n• S&P 500:4,109.90, down 0.64%\n• Dow Jones Industrial Average:33,012.14, down 1.01% (336.46 points)\n• Nasdaq Composite: 12,343.05, down 0.18%\nHere\'s what else happened today:\n• Quarterly 13F filings from top investment managers were filed on Monday. Here\'s whatWarren Buffett,Michael Burry,Bill Ackman,Stanley Druckenmiller, and theMormon churchdid with their money last quarter.\n• Morgan Stanley\'s Mike Wilson warned that the debt-ceiling deadlock in Congresscould be a "lose-lose event" for the stock marketas volatility heats up.\n• A slew of Wall Street banks warned that the eye-popping rally in tech stocks this yearmay be about to end as the potential for an economic downturn increases.\n• RH stock plunged 8%after Berkshire Hathaway dumped its entire stake in the home furnishings company.\n• Bank of America said the expectedresumption of student loan payments would weaken the consumerlater this year.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 0.63% to $70.66 per barrel.Brent crude, oil\'s international benchmark, dropped 0.66% to $74.73.\n• Goldfell 1.42% to $1,993.90 per ounce.\n• The yield on the 10-year Treasury jumped 3 basis points to 3.54%.\n• Bitcoin dropped 0.83% to $26,948, while ether rose 0.03% to $1,817.\nRead the original article onBusiness Insider', 'Cryptocurrency Investing in cryptocurrency is no different to gambling and should be regulated as such, MPs have demanded. The Treasury Select Committee said cryptocurrencies pose significant risks to consumers because of their volatile prices and the risk of losses. In a report, MPs said regulating consumer crypto as a financial service – as proposed by the Government – could lead consumers to believe they are safe and protected when they are not. They said experts have called for levies to be added to speculative activity in cryptocurrencies to support debt advice and addiction services. The report said tougher controls could clamp down on investors getting misinformed by crypto companies, especially on social media platforms. As many as four in five investors in Bitcoin between 2015 to 2022 were likely to have lost money, according to cited research by the Bank for International Settlements. Several high-profile crypto companies failed in 2022, including the FTX cryptocurrency exchange. MPs pointed out that gambling is regulated by its own body – the Gambling Commission – which provides advice and guidance to individuals and businesses, including on the prevention of problem gambling, and applies safeguards such as anti-money laundering and counter terrorist finance checks. The FCA said 85pc of cryptoasset firms applying for registration under the FCA’s Anti-Money Laundering and Counter Terrorist Finance regime were rejected. Harriet Baldwin, chairman of the Treasury Select Committee, said large parts of the cryptoasset industry were still a “wild west”. She said: “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry. “However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. Story continues “By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.” MPs said public resources should not be used to support cryptoasset activities without a clear, beneficial reason, criticising the release of the Royal Mint NFT. The Government had asked the Royal Mint to produce an “NFT for Britain” as part of its goals to “make the UK a global hub for crypto-asset technology and investment”. But MPs said it was not the Government’s role to promote particular technological innovations for their own sake. Around 10pc of adults in the UK hold or have held cryptoassets, according to HM Revenue & Customs.', 'Investing in cryptocurrency is no different to gambling and should be regulated as such, MPs have demanded.\nThe Treasury Select Committee saidcryptocurrencies pose significant risks to consumersbecause of their volatile prices and the risk of losses.\nIn a report, MPs said regulating consumer crypto as a financial service – as proposed by the Government – could lead consumers to believe they are safe and protected when they are not.\nThey said experts have called for levies to be added to speculative activity in cryptocurrencies to support debt advice and addiction services.\nThe report saidtougher controls could clamp down on investors getting misinformedby crypto companies, especially on social media platforms.\nAs many as four in five investors in Bitcoin between 2015 to 2022 were likely to have lost money, according to cited research by the Bank for International Settlements.\nSeveral high-profile crypto companies failed in 2022,including the FTX cryptocurrency exchange.\nMPs pointed out that gambling is regulated by its own body – the Gambling Commission – which provides advice and guidance to individuals and businesses, including on the prevention of problem gambling, and applies safeguards such as anti-money laundering and counter terrorist finance checks.\nThe FCA said 85pc of cryptoasset firms applying for registration under the FCA’s Anti-Money Laundering and Counter Terrorist Finance regime were rejected.\nHarriet Baldwin, chairman of the Treasury Select Committee, said large parts of the cryptoasset industry were still a “wild west”.\nShe said: “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry.\n“However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such.\n“By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.”\nMPs said public resources should not be used to support cryptoasset activities without a clear, beneficial reason,criticising the release of the Royal Mint NFT.\nThe Government had asked the Royal Mint to produce an “NFT for Britain” as part of its goals to “make the UK a global hub for crypto-asset technology and investment”.\nBut MPs said it was not the Government’s role to promote particular technological innovations for their own sake.Around 10pc of adults in the UK hold or have held cryptoassets, according to HM Revenue & Customs.', "Dogecoin's daily transaction volume rose tenfold from the average daily earlier this week to set a lifetime peak following the launch of a new mechanism that now allows the issuance of tokens on the Dogecoin blockchain.\nThe network saw over 645,000 transactions on Sunday, data fromBitInfoChartsshows, briefly crossing both Bitcoin and Litecoin transactions that day before falling back to previous levels as of Wednesday.\nHistorical data shows Dogecoin typically sees around 20,000 daily transactions However, the introduction of the DRC-20 token standard on May 9 has led to an immediate increase in network activity.\nThese standards allow developers to issue tokens that take network fees in the form of dogecoin (DOGE). This adds to the value proposition for dogecoin and lays the path for potential decentralized finance (DeFi) services built on the blockchain.\nDespite the bump in transactions, not everyone is amused with the DRC-20 token deployment. Critics point out that DRC-20 may lead to network congestion and that it moves away from dogecoin's aim of being used as an everyday currency.\n“The DRC-20 Dogecoin community should stop this shameless hype,”wrote oneDogecoin community member on Twitter. “Everyone should probably focus on the transactional currency use case,”said another.\nHigh fees and network congestion are valid concerns for any blockchain as they may lead to the network becoming expensive, and slow, for everyday users – damping adoption plans.\nBitcoin’s own ‘Bitcoin Request for Comment’ (BRC-20) standard went live in March last month, opening the floodgates totwo-year high feesas a Bitcoin-based meme coin trading frenzy gained notoriety on the network.", "Dogecoin's daily transaction volume rose tenfold from the average daily earlier this week to set a lifetime peak following the launch of a new mechanism that now allows the issuance of tokens on the Dogecoin blockchain. The network saw over 645,000 transactions on Sunday, data from BitInfoCharts shows, briefly crossing both Bitcoin and Litecoin transactions that day before falling back to previous levels as of Wednesday. Dogecoin transactions bumped over Bitcoin briefly earlier this week. (BitInfoCharts) Historical data shows Dogecoin typically sees around 20,000 daily transactions However, the introduction of the DRC-20 token standard on May 9 has led to an immediate increase in network activity. These standards allow developers to issue tokens that take network fees in the form of dogecoin (DOGE). This adds to the value proposition for dogecoin and lays the path for potential decentralized finance (DeFi) services built on the blockchain. DRC-20 Attracts Criticism Despite the bump in transactions, not everyone is amused with the DRC-20 token deployment. Critics point out that DRC-20 may lead to network congestion and that it moves away from dogecoin's aim of being used as an everyday currency. “The DRC-20 Dogecoin community should stop this shameless hype,” wrote one Dogecoin community member on Twitter. “Everyone should probably focus on the transactional currency use case,” said another . High fees and network congestion are valid concerns for any blockchain as they may lead to the network becoming expensive, and slow, for everyday users – damping adoption plans. Bitcoin’s own ‘Bitcoin Request for Comment’ (BRC-20) standard went live in March last month, opening the floodgates to two-year high fees as a Bitcoin-based meme coin trading frenzy gained notoriety on the network.", 'Bitcoin (Alamy Stock Photo) Just one year ago \x96 April 4 2022 to be exact \x96 the government unveiled plans to make the UK a \x93global cryptoasset technology hub\x94. We would be at \x93the cutting edge\x94 of this new tech and encourage \x93further development of the\x85market\x94. This sounded like a sop to fashion then and looks plain daft now. Sure enough, the Treasury select committee now says we should ditch plans to regulate crypto as if it were a legitimate part of the financial services industry and treat it as if it were just another form of gambling. Which it is. There were whines today from predictable quarters, folk with job titles like \x93Crypto & Digital Assets Technical Director\x94, that the MPs just don\x92t get bitcoin . Maybe they get it well enough. The way to think about bitcoin and the rest is as an equity. If you buy some \x96 I own about £500 worth, at least it used to be £500 \x96 what you are paying for is a share in a company that has no real revenues. It is a speculative dotcom stock, like many of those that failed in the original internet boom and bust back in the early 2000s. Fans baulk at this description, but they are blinded by belief. They think bitcoin is going to save the world, or at least rescue it from the clutches of the evil central bankers. Committee chair Harriet Baldwin has it right. Crypto has \x93no intrinsic value, huge price volatility and no discernible social good\x94. In other words, it\x92s like a William Hill shop and should be treated as such. We can leave the global crypto tech hub to somewhere else', 'Formula One roared into town on May 5, bringing with it a who’s who of the global elite, and potential conflicts of interests for Miami Mayor Francis Suarez, who was in the center of it all, sporting $14,000 passes to the track’s most luxurious viewing suite — and calling it all part of the job, in a statement from his office to the Herald. For the second year in a row, Suarez made the rounds to star-studded after-parties, where hosts tied to local lobbying efforts waived steep cover charges for elected officials. The mayor, accompanied by his wife at some events, reportedly promised a headlining celebrity chef that the opening of his Miami restaurant would not be tripped up by permitting problems. If Suarez paid the cover for each event he and his wife attended, their Grand Prix weekend would have cost him well over $30,000 — more than seven months’ pay for the average Miamian. Suarez — a corporate attorney and part-time mayor who converts his $96,000 public salary to Bitcoin — won’t say who paid for his weekend of luxury. Nor did he file a quarterly ethics commission report disclosing any sponsors behind a similar tour of the Formula One party circuit he made last year, as is legally required when an elected official receives complimentary admissions or free tickets from anyone outside of their immediate family. Aside from one hospitality group that said Suarez was given complimentary access to its $6,000 per-person dinner, it’s still unclear who else might have provided freebies to the mayor. Without more information, it’s impossible to know whether Suarez violated another provision of Florida ethics laws, one that prohibits elected officials from accepting gifts of more than a nominal value from city vendors, lobbyists, or their employers, partners or principals. READ MORE: This billionaire and major DeSantis donor gave Miami Mayor Francis Suarez $1 million As Suarez teases a bid for president, ethics experts caution that even in cases where no laws are broken, accepting such lavish gifts can create the appearance of impropriety and erode public trust. Story continues Pamela Liebman, CEO of the New York real estate giant The Corcoran Group, posted a photo on Instagram with Mayor Francis Suarez with whom she spent the second day of the Miami Grand Prix. Both wear Saturday credentials to the exclusive Paddock Club. Instagram Merrett Stierheim, a former Miami-Dade County and Miami city manager and schools superintendent, said while mayors are expected to attend community events, he would think twice before accepting such valuable invitations. “I can understand as mayor he is called upon to attend many functions, but when you go to a party or a race w Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $520,977,854,800 - Hash Rate: 381818888.7107919 - Transaction Count: 583454.0 - Unique Addresses: 627113.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Michael M. Santiago/Getty Images US stocks slipped on Friday as investors digest a wave of large-cap bank earnings. JPMorgan, Wells Fargo, and Citigroup all posted better-than-feared earnings results. Retail sales in March came in weaker than expected, signaling consumers are pulling back on big ticket purchases. US stocks edged lower on Friday as investors sifted through the first wave of first-quarter earnings results from the largest US banks. JPMorgan , Wells Fargo , and Citigroup all posted better-than-expected profit results as the banks benefited from a surge in interest rates. The banks also offered a solid outlook on future net interest income and JPMorgan CEO said he the economy remains resilient. "The U.S. economy continues to be on generally healthy footings — consumers are still spending and have strong balance sheets, and businesses are in good shape," JPMorgan CEO Jamie Dimon said. Despite the solid earnings results from the big bank, weak retail sales in March weighed down stock prices in early trades. Retail sales fell 1% last month, more than the expected decline of just -0.4%. The March retail sales data extended the decline seen in February and was driven by consumers pulling back on big-ticket item purchases like cars. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Friday: S&P 500 : 4,142.75, down 0.08% Dow Jones Industrial Average : 34,032.57, down 0.01% (2.10 points) Nasdaq Composite : 12,117.64, down 0.4% Here's what else is happening this morning: A top investor in Charles Schwab dumped its entire $1.4 billion stake as the brokerage fell victim to turmoil in the banking sector. There is no banking crisis – and unease in the sector will help the Federal Reserve to cool inflation, the head of the International Monetary Fund says. Jeremy Grantham stayed consistent with his bearish view on stocks in a recent interview, saying that the S&P 500 will tank at least 27% as a recession hits the economy. Ethereum's native token ether has surged to top $2,000 and is trading at an 11-month high after the blockchain network completed a long-awaited upgrade that unlocks some investors' tokens. Jimmy and Dee Haslam are set to buy a minority stake in the Milwaukee Bucks after they sold their gas station business to Warren Buffett's Berkshire Hathaway. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 0.33% to $82.43 per barrel. Brent crude , oil's international benchmark, jumped 0.21% to $86.27. Gold fell 0.91% to $2,036.50 per ounce. The yield on the 10-year Treasury jumped five basis points to 3.49%. Bitcoin fell 0.23% to $20,662, while ether fell 0.59% to $2,099. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks. Insights: A federal judge denied the SEC\'s bid to conceal documents related to Hinman\'s 2018 ether speech, possibly shedding light on the rationale behind this pivotal announcement amidst Ripple\'s lawsuit. Now, for the sake of the industry, show us the emails. Prices CoinDesk Market Index (CMI) 1,177 +12.6 ▲ 1.1% Bitcoin (BTC) $27,403 +363.6 ▲ 1.3% Ethereum (ETH) $1,822 −2.2 ▼ 0.1% S&P 500 4,158.77 +48.9 ▲ 1.2% Gold $1,986 −2.4 ▼ 0.1% Nikkei 225 30,093.59 +250.6 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,177 +12.6 ▲ 1.1% Bitcoin (BTC) $27,403 +363.6 ▲ 1.3% Ethereum (ETH) $1,822 −2.2 ▼ 0.1% S&P 500 4,158.77 +48.9 ▲ 1.2% Gold $1,986 −2.4 ▼ 0.1% Nikkei 225 30,093.59 +250.6 ▲ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin Good morning Asia. Bitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto. Bitcoin is opening the Asia trading day up 1.3% to $27,403, while ether is down 0.1% to $1,822. In the U.S., debt ceiling negotiations continue, with President Biden declaring that the country will not default on its debt. On one hand, crypto doesn’t seem to care. With liquidity as tight as it is , it takes a lot to move markets. And this just isn’t it. But on the other hand, crypto does seem to care. Tether announced Wednesday U.S. Time that it\'s diversifying its reserves away from government debt and into crypto as it pledged to use around 15% of its profits to buy Bitcoin for its stablecoin reserves. Almost in parallel , Circle said that it is diversifying the reserves supporting its $30 billion USD Coin (USDC), including $8.7 billion in overnight repurchase agreements managed by BlackRock, to fortify against potential U.S. government debt default risks. Story continues Diversification into bitcoin away from the dollar? It’s a maxi’s dream! But bitcoin just isn’t moving on the news. As the clock moves closer to the debt ceiling deadline, we’ll see if any of this actually moves the needle on crypto. Biggest Gainers Asset Ticker Returns DACS Sector Decentraland MANA +5.4% Entertainment Polygon MATIC +5.0% Smart Contract Platform Dogecoin DOGE +3.0% Currency Biggest Losers Asset Ticker Returns DACS Sector Ethereum ETH −0.1% Smart Contract Platform Insights Let’s See the Hinman Emails A federal judge has ruled that the U.S. Securities and Exchange Commission (SEC) cannot seal documents related to former official William Hinman\'s 2018 speech on crypto and securities in its lawsuit against Ripple. This is great because it might finally lead to answers to a question that has gone nagging for years. In 2018, William Hinman, who was serving as the director of corporation finance at the SEC at the time, made a game-changing announcement for the crypto world during a speech at the Yahoo Markets Summit: Ether is not considered a security. But how did he come to this conclusion? Any speech made by a senior official is heavily shopped around, with plenty of stakeholders giving their opinions. CoinDesk tried to get the Hinman emails via a Freedom of Information Act request in November . But the SEC, at the time, withheld emails and notes from the public, arguing they should remain confidential due to privacy concerns and their preparation in anticipation of litigation. It also noted that the release of the documents would constitute an “unwarranted invasion of personal privacy.” While we weren’t able to see the contents because of redactions, what we got back was an extensive email thread that revealed that multiple high-ranking SEC officials, including then-Chair Jay Clayton, contributed to the drafting of William Hinman\'s pivotal 2018 speech on ether\'s status. All of this potentially undermines the SEC\'s claim that the speech was Hinman\'s personal opinion and not official guidance. The industry needs to see these emails to understand the thought process behind Hinman’s statement. SEC officials can come together and offer guidance on Hinman’s speech, so why can’t they give the same guidance to the industry? Important events. Blockchain Expo North America FINRA Annual Conference 2023 9:30 a.m. HKT/SGT(1:30 UTC) Australia Employment Change s.a. (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips Below $27K Amid Debt Ceiling Talks; Pudgy Penguins CEO on NFT Marketplace Bitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins CEO Luca Netz discussed the NFT brand\'s latest $9 million funding round. Also, New York University Professor Emeritus Gary Marcus shared his thoughts on artificial intelligence guidelines, following a Senate hearing with OpenAI CEO Sam Altman among those testifying. Headlines Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits : The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings. Ripple Buys Crypto Custody Firm Metaco for $250M : Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani. Axie Infinity\'s Token Jumps 12% After Firm Lists Game on Apple App Store : The dollar value locked in the open futures contracts tied to AXS has surged to its highest since February, signaling an influx of new money into the market. Dogecoin\'s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced : Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week. Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says : 100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said.', 'Good morning. Here’s what’s happening:\nPrices:Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks.\nInsights:A federal judge denied the SEC\'s bid to conceal documents related to Hinman\'s 2018 ether speech, possibly shedding light on the rationale behind this pivotal announcement amidst Ripple\'s lawsuit. Now, for the sake of the industry, show us the emails.\nCoinDesk Market Index (CMI)\n1,177\n+12.6▲1.1%\nBitcoin (BTC)\n$27,403\n+363.6▲1.3%\nEthereum (ETH)\n$1,822\n−2.2▼0.1%\nS&P 500\n4,158.77\n+48.9▲1.2%\nGold\n$1,986\n−2.4▼0.1%\nNikkei 225\n30,093.59\n+250.6▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,177", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,403", "+363.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,822", "\\u22122.2\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,158.77", "+48.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,986", "\\u22122.4\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,093.59", "+250.6\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin\nGood morning Asia.\nBitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto.\nBitcoinis opening the Asia trading day up 1.3% to $27,403, whileetheris down 0.1% to $1,822.\nIn the U.S., debt ceiling negotiations continue, withPresident Biden declaringthat the country will not default on its debt.\nOn one hand, crypto doesn’t seem to care.With liquidity as tight as it is, it takes a lot to move markets. And this just isn’t it.\nBut on the other hand, crypto does seem to care.Tether announced Wednesday U.S.Timethat it\'s diversifying its reserves away from government debt and into crypto as it pledged to use around 15% of its profits to buy Bitcoin for its stablecoin reserves.Almost in parallel, Circle said that it is diversifying the reserves supporting its $30 billion USD Coin (USDC), including $8.7 billion in overnight repurchase agreements managed by BlackRock, to fortify against potential U.S. government debt default risks.\nDiversification into bitcoin away from the dollar? It’s a maxi’s dream! But bitcoin just isn’t moving on the news.\nAs the clock moves closer to the debt ceiling deadline, we’ll see if any of this actually moves the needle on crypto.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+5.4%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+3.0%", "DACS Sector": "Currency"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nLet’s See the Hinman Emails\nA federal judge has ruledthat the U.S. Securities and Exchange Commission (SEC) cannot seal documents related to former official William Hinman\'s 2018 speech on crypto and securities in its lawsuit against Ripple.\nThis is great because it might finally lead to answers to a question that has gone nagging for years.\nIn 2018, William Hinman, who was serving as the director of corporation finance at the SEC at the time, made a game-changing announcement for the crypto world during a speech at the Yahoo Markets Summit: Ether is not considered a security.\nBut how did he come to this conclusion? Any speech made by a senior official is heavily shopped around, with plenty of stakeholders giving their opinions.\nCoinDesk tried to get the Hinman emails via aFreedom of Information Act request in November.\nBut the SEC, at the time, withheld emails and notes from the public, arguing they should remain confidential due to privacy concerns and their preparation in anticipation of litigation.\nIt also noted that the release of the documents would constitute an “unwarranted invasion of personal privacy.”\nWhile we weren’t able to see the contents because of redactions, what we got back was an extensive email thread that revealed that multiple high-ranking SEC officials, including then-Chair Jay Clayton, contributed to the drafting of William Hinman\'s pivotal 2018 speech on ether\'s status.\nAll of this potentially undermines the SEC\'s claim that the speech was Hinman\'s personal opinion and not official guidance.\nThe industry needs to see these emails to understand the thought process behind Hinman’s statement.\nSEC officials can come together and offer guidance on Hinman’s speech, so why can’t they give the same guidance to the industry?\nBlockchain Expo North America\nFINRA Annual Conference 2023\n9:30 a.m. HKT/SGT(1:30 UTC) Australia Employment Change s.a. (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Below $27K Amid Debt Ceiling Talks; Pudgy Penguins CEO on NFT Marketplace\nBitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins CEO Luca Netz discussed the NFT brand\'s latest $9 million funding round. Also, New York University Professor Emeritus Gary Marcus shared his thoughts on artificial intelligence guidelines, following a Senate hearing with OpenAI CEO Sam Altman among those testifying.\nTether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits:The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.\nRipple Buys Crypto Custody Firm Metaco for $250M:Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.\nAxie Infinity\'s Token Jumps 12% After Firm Lists Game on Apple App Store:The dollar value locked in the open futures contracts tied to AXS has surged to its highest since February, signaling an influx of new money into the market.\nDogecoin\'s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced:Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week.\nFleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says:100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said.', 'Good morning. Here’s what’s happening:\nPrices:Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks.\nInsights:A federal judge denied the SEC\'s bid to conceal documents related to Hinman\'s 2018 ether speech, possibly shedding light on the rationale behind this pivotal announcement amidst Ripple\'s lawsuit. Now, for the sake of the industry, show us the emails.\nCoinDesk Market Index (CMI)\n1,177\n+12.6▲1.1%\nBitcoin (BTC)\n$27,403\n+363.6▲1.3%\nEthereum (ETH)\n$1,822\n−2.2▼0.1%\nS&P 500\n4,158.77\n+48.9▲1.2%\nGold\n$1,986\n−2.4▼0.1%\nNikkei 225\n30,093.59\n+250.6▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,177", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,403", "+363.6\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,822", "\\u22122.2\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,158.77", "+48.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,986", "\\u22122.4\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,093.59", "+250.6\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin\nGood morning Asia.\nBitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto.\nBitcoinis opening the Asia trading day up 1.3% to $27,403, whileetheris down 0.1% to $1,822.\nIn the U.S., debt ceiling negotiations continue, withPresident Biden declaringthat the country will not default on its debt.\nOn one hand, crypto doesn’t seem to care.With liquidity as tight as it is, it takes a lot to move markets. And this just isn’t it.\nBut on the other hand, crypto does seem to care.Tether announced Wednesday U.S.Timethat it\'s diversifying its reserves away from government debt and into crypto as it pledged to use around 15% of its profits to buy Bitcoin for its stablecoin reserves.Almost in parallel, Circle said that it is diversifying the reserves supporting its $30 billion USD Coin (USDC), including $8.7 billion in overnight repurchase agreements managed by BlackRock, to fortify against potential U.S. government debt default risks.\nDiversification into bitcoin away from the dollar? It’s a maxi’s dream! But bitcoin just isn’t moving on the news.\nAs the clock moves closer to the debt ceiling deadline, we’ll see if any of this actually moves the needle on crypto.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+5.4%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+3.0%", "DACS Sector": "Currency"}]\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nLet’s See the Hinman Emails\nA federal judge has ruledthat the U.S. Securities and Exchange Commission (SEC) cannot seal documents related to former official William Hinman\'s 2018 speech on crypto and securities in its lawsuit against Ripple.\nThis is great because it might finally lead to answers to a question that has gone nagging for years.\nIn 2018, William Hinman, who was serving as the director of corporation finance at the SEC at the time, made a game-changing announcement for the crypto world during a speech at the Yahoo Markets Summit: Ether is not considered a security.\nBut how did he come to this conclusion? Any speech made by a senior official is heavily shopped around, with plenty of stakeholders giving their opinions.\nCoinDesk tried to get the Hinman emails via aFreedom of Information Act request in November.\nBut the SEC, at the time, withheld emails and notes from the public, arguing they should remain confidential due to privacy concerns and their preparation in anticipation of litigation.\nIt also noted that the release of the documents would constitute an “unwarranted invasion of personal privacy.”\nWhile we weren’t able to see the contents because of redactions, what we got back was an extensive email thread that revealed that multiple high-ranking SEC officials, including then-Chair Jay Clayton, contributed to the drafting of William Hinman\'s pivotal 2018 speech on ether\'s status.\nAll of this potentially undermines the SEC\'s claim that the speech was Hinman\'s personal opinion and not official guidance.\nThe industry needs to see these emails to understand the thought process behind Hinman’s statement.\nSEC officials can come together and offer guidance on Hinman’s speech, so why can’t they give the same guidance to the industry?\nBlockchain Expo North America\nFINRA Annual Conference 2023\n9:30 a.m. HKT/SGT(1:30 UTC) Australia Employment Change s.a. (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Below $27K Amid Debt Ceiling Talks; Pudgy Penguins CEO on NFT Marketplace\nBitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins CEO Luca Netz discussed the NFT brand\'s latest $9 million funding round. Also, New York University Professor Emeritus Gary Marcus shared his thoughts on artificial intelligence guidelines, following a Senate hearing with OpenAI CEO Sam Altman among those testifying.\nTether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits:The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.\nRipple Buys Crypto Custody Firm Metaco for $250M:Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.\nAxie Infinity\'s Token Jumps 12% After Firm Lists Game on Apple App Store:The dollar value locked in the open futures contracts tied to AXS has surged to its highest since February, signaling an influx of new money into the market.\nDogecoin\'s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced:Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week.\nFleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says:100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said.', 'Bitcoin prices rose on Thursday morning in Asia, while Ether edged down. The other top 10 non-stablecoin cryptocurrencies by market capitalization gained. Polygon\x92s Matic led the winners after it said transaction volume on its zero knowledge scaling solution hit a record high. U.S. equity futures were little changed after a solid rally in regular trading on Wednesday as progress was reported in talks to raise the U.S. debt ceiling to avoid a default. Bitcoin gains with altcoins Bitcoin rose 1.37% to US$27,404.88 in the 24 hours to 8:00 a.m. in Hong Kong, but lost 0.78% over the last seven days according to CoinMarketCap data. Ether edged down 0.1% to US$1,822.26, while posting a 1.10% weekly loss. Stablecoin issuer Tether said Wednesday it will use as much as 15% of its net operating profit to purchase Bitcoin from this month. Meantime, lawmakers in the UK said the same day that Bitcoin, Ether and other cryptocurrencies should be regulated as gambling rather than as financial services. The other top 10 non-stablecoin cryptocurrencies traded higher. Polygon\x92s Matic led gainers with a rise of 4.92% to US$0.8875. It recorded a weekly gain of 1.16%. Polygon said on Twitter Wednesday that the transaction volume on Polygon zkEVM \x97 a zero knowledge scaling solution to the Ethereum Virtual Machine \x97 hit an all time high of over 13,000 last Sunday. Polygon also said the scaling solution saw 70% growth in total value locked last week, its largest week-on-week gain to date. Litecoin added 4.49% to US$93.9, extending its weekly gain of 15.83%. The Bitcoin-like cryptocurrency has seen a surge in recent interest due to the congestion and higher transaction fees on the Bitcoin network. The total crypto market capitalization rose 1.04% in the past 24 hours to US$1.14 trillion. Total trading volume gained 20.38% to US$34.34 billion. NFT index gains, Bitcoin Frogs top sales The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token market, the Forkast 500 NFT index rose 0.35% to 3,399.91 points in the 24 hours to 9:30 a.m. in Hong Kong \x96 not enough to offset a decline of 1.28% for the last seven days. Story continues 24-hour NFT sales on Ethereum, the leading blockchain for NFTs, fell 19.85% to US$15.9 million. Sales on the Bitcoin blockchain took second place on Cryptoslam \x92s blockchain ranking with US$7.7 million, up 60.91%. Bitcoin Frogs, a collection of 10,000 frog profile-picture NFTs minted on the Bitcoin blockchain, was the top selling NFT collection in the last 24 hours. It gained 164.83% to US$2.3 million in sales. HV-MTL, another Ethereum-based NFT collection from Bored Ape maker Yuga Labs, recorded the second highest sales on Cryptoslam, surging 75.2% to US$1.2 million. NFT staple Bored Ape Yacht Club\x92s #7830 was sold for US$176,719, recording the highest individual NFT sale. U.S. stock futures steady on debt ceiling hopes U.S. President Joe Biden \| Image: Getty Images U.S. stock futures traded flat to lower as of 10:45 a.m. in Hong Kong, holding strong gains made during the regular trading session on Wednesday. The Dow Jones Industrial Average futures fell 0.12%. The S&P 500 futures edged down 0.078%. The Nasdaq Composite futures dipped 0.040%. Investors anticipate a solution to the threat of a U.S. debt default as President Joe Biden and House of Representatives Speaker Kevin McCarthy both expressed optimism about raising the debt ceiling. \x93I\x92m confident that we\x92ll get the agreement on the budget and America will not default,\x94 Biden told reporters at the White House on Wednesday. U.S. Treasury Secretary Janet Yellen warned Tuesday that a debt default would destroy jobs and businesses in the country. Yellen called for fast action on raising the debt ceiling as the current stalemate is driving up borrowing costs. Beside the debt talks, U.S. investors have more earnings to come on Thursday from Walmart and AT&T Inc. as another measure of the health of the economy. On interest rates, Federal Reserve Chair Jerome Powell is speaking Friday and may offer some pointers on the central bank\x92s latest policy views on inflation and rates. U.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Fed meets again on June 14 to decide whether to hike again to try and get inflation under control. Inflation was at 4.9% in April, lower than expected but still ahead of the Fed\x92s 2% target. The CME FedWatch Tool predicts a 76.2% chance the Fed will leave rates unchanged in June, while it predicts a 23.8% chance for another 25 basis-point rate increase.', 'Bitcoin prices rose on Thursday morning in Asia, while Ether edged down. The other top 10 non-stablecoin cryptocurrencies by market capitalization gained. Polygon’s Matic led the winners after it said transaction volume on its zero knowledge scaling solution hit a record high. U.S. equity futures were little changed after a solid rally in regular trading on Wednesday as progress was reported in talks to raise the U.S. debt ceiling to avoid a default.\nBitcoin rose 1.37% to US$27,404.88 in the 24 hours to 8:00 a.m. in Hong Kong, but lost 0.78% over the last seven days according to CoinMarketCap data. Ether edged down 0.1% to US$1,822.26, while posting a 1.10% weekly loss.\nStablecoin issuer TethersaidWednesday it will use as much as 15% of its net operating profit to purchase Bitcoin from this month. Meantime, lawmakers in theUKsaid the same day that Bitcoin, Ether and other cryptocurrencies should be regulated as gambling rather than as financial services.\nThe other top 10 non-stablecoin cryptocurrencies traded higher. Polygon’s Matic led gainers with a rise of 4.92% to US$0.8875. It recorded a weekly gain of 1.16%.\nPolygon said onTwitterWednesday that the transaction volume on Polygon zkEVM — a zero knowledge scaling solution to the Ethereum Virtual Machine — hit an all time high of over 13,000 last Sunday. Polygon also said the scaling solution saw 70% growth in total value locked last week, its largest week-on-week gain to date.\nLitecoin added 4.49% to US$93.9, extending its weekly gain of 15.83%. The Bitcoin-like cryptocurrency has seen a surge in recent interest due to the congestion and higher transaction fees on the Bitcoin network.\nThe total crypto market capitalization rose 1.04% in the past 24 hours to US$1.14 trillion. Total trading volume gained 20.38% to US$34.34 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index rose 0.35% to 3,399.91 points in the 24 hours to 9:30 a.m. in Hong Kong – not enough to offset a decline of 1.28% for the last seven days.\n24-hour NFT sales on Ethereum, the leading blockchain for NFTs, fell 19.85% to US$15.9 million. Sales on the Bitcoin blockchain took second place onCryptoslam’s blockchain ranking with US$7.7 million, up 60.91%.\nBitcoin Frogs, a collection of 10,000 frog profile-picture NFTs minted on the Bitcoin blockchain, was the top selling NFT collection in the last 24 hours. It gained 164.83% to US$2.3 million in sales.\nHV-MTL, another Ethereum-based NFT collection from Bored Ape maker Yuga Labs, recorded the second highest sales on Cryptoslam, surging 75.2% to US$1.2 million.\nNFT staple Bored Ape Yacht Club’s #7830 was sold for US$176,719, recording the highest individual NFT sale.\nU.S. stock futures traded flat to lower as of 10:45 a.m. in Hong Kong, holding strong gains made during the regular trading session on Wednesday. The Dow Jones Industrial Average futures fell 0.12%. The S&P 500 futures edged down 0.078%. The Nasdaq Composite futures dipped 0.040%.\nInvestors anticipate a solution to the threat of a U.S. debt default as President Joe Biden and House of Representatives Speaker Kevin McCarthy both expressed optimism about raising the debt ceiling.\n“I’m confident that we’ll get the agreement on the budget and America will not default,” Bidentoldreporters at the White House on Wednesday.\nU.S. Treasury Secretary Janet Yellen warned Tuesday that a debt default would destroy jobs and businesses in the country. Yellen called for fast action on raising the debt ceiling as the current stalemate is driving up borrowing costs.\nBeside the debt talks, U.S. investors have more earnings to come on Thursday from Walmart and AT&T Inc. as another measure of the health of the economy.\nOn interest rates, Federal Reserve Chair Jerome Powell is speaking Friday and may offer some pointers on the central bank’s latest policy views on inflation and rates.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Fed meets again on June 14 to decide whether to hike again to try and get inflation under control. Inflation was at4.9%in April, lower than expected but still ahead of the Fed’s 2% target.\nThe CME FedWatch Tool predicts a 76.2% chance the Fed will leave rates unchanged in June, while it predicts a 23.8% chance for another 25 basis-point rate increase.', 'Bitcoin prices rose on Thursday morning in Asia, while Ether edged down. The other top 10 non-stablecoin cryptocurrencies by market capitalization gained. Polygon’s Matic led the winners after it said transaction volume on its zero knowledge scaling solution hit a record high. U.S. equity futures were little changed after a solid rally in regular trading on Wednesday as progress was reported in talks to raise the U.S. debt ceiling to avoid a default.\nBitcoin rose 1.37% to US$27,404.88 in the 24 hours to 8:00 a.m. in Hong Kong, but lost 0.78% over the last seven days according to CoinMarketCap data. Ether edged down 0.1% to US$1,822.26, while posting a 1.10% weekly loss.\nStablecoin issuer TethersaidWednesday it will use as much as 15% of its net operating profit to purchase Bitcoin from this month. Meantime, lawmakers in theUKsaid the same day that Bitcoin, Ether and other cryptocurrencies should be regulated as gambling rather than as financial services.\nThe other top 10 non-stablecoin cryptocurrencies traded higher. Polygon’s Matic led gainers with a rise of 4.92% to US$0.8875. It recorded a weekly gain of 1.16%.\nPolygon said onTwitterWednesday that the transaction volume on Polygon zkEVM — a zero knowledge scaling solution to the Ethereum Virtual Machine — hit an all time high of over 13,000 last Sunday. Polygon also said the scaling solution saw 70% growth in total value locked last week, its largest week-on-week gain to date.\nLitecoin added 4.49% to US$93.9, extending its weekly gain of 15.83%. The Bitcoin-like cryptocurrency has seen a surge in recent interest due to the congestion and higher transaction fees on the Bitcoin network.\nThe total crypto market capitalization rose 1.04% in the past 24 hours to US$1.14 trillion. Total trading volume gained 20.38% to US$34.34 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index rose 0.35% to 3,399.91 points in the 24 hours to 9:30 a.m. in Hong Kong – not enough to offset a decline of 1.28% for the last seven days.\n24-hour NFT sales on Ethereum, the leading blockchain for NFTs, fell 19.85% to US$15.9 million. Sales on the Bitcoin blockchain took second place onCryptoslam’s blockchain ranking with US$7.7 million, up 60.91%.\nBitcoin Frogs, a collection of 10,000 frog profile-picture NFTs minted on the Bitcoin blockchain, was the top selling NFT collection in the last 24 hours. It gained 164.83% to US$2.3 million in sales.\nHV-MTL, another Ethereum-based NFT collection from Bored Ape maker Yuga Labs, recorded the second highest sales on Cryptoslam, surging 75.2% to US$1.2 million.\nNFT staple Bored Ape Yacht Club’s #7830 was sold for US$176,719, recording the highest individual NFT sale.\nU.S. stock futures traded flat to lower as of 10:45 a.m. in Hong Kong, holding strong gains made during the regular trading session on Wednesday. The Dow Jones Industrial Average futures fell 0.12%. The S&P 500 futures edged down 0.078%. The Nasdaq Composite futures dipped 0.040%.\nInvestors anticipate a solution to the threat of a U.S. debt default as President Joe Biden and House of Representatives Speaker Kevin McCarthy both expressed optimism about raising the debt ceiling.\n“I’m confident that we’ll get the agreement on the budget and America will not default,” Bidentoldreporters at the White House on Wednesday.\nU.S. Treasury Secretary Janet Yellen warned Tuesday that a debt default would destroy jobs and businesses in the country. Yellen called for fast action on raising the debt ceiling as the current stalemate is driving up borrowing costs.\nBeside the debt talks, U.S. investors have more earnings to come on Thursday from Walmart and AT&T Inc. as another measure of the health of the economy.\nOn interest rates, Federal Reserve Chair Jerome Powell is speaking Friday and may offer some pointers on the central bank’s latest policy views on inflation and rates.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Fed meets again on June 14 to decide whether to hike again to try and get inflation under control. Inflation was at4.9%in April, lower than expected but still ahead of the Fed’s 2% target.\nThe CME FedWatch Tool predicts a 76.2% chance the Fed will leave rates unchanged in June, while it predicts a 23.8% chance for another 25 basis-point rate increase.', "In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasingBitcoin (BTC)using a portion of its profits. Starting this month, the company plans to allocate up to approximately 15% of its realized investment profits to acquire BTC, which will then be added to its reserve surplus. Tether intends to store the purchased BTC on its own, without the involvement of any third-party custodians.\nLast week, Tether revealed that it holds $1.5 billion worth of BTC and $3.4 billion in gold, alongside its $82 billion USDT stablecoin. The company's reserves consist of 85% cash and cash-like assets, including U.S. Treasury bonds.\nPaolo Ardoino, Tether's chief technology officer, emphasized the long-term value and growth potential of Bitcoin, stating that the investment would enhance their portfolio and align the company with transformative technology. The firm's decision represents a step towards addressing concerns about transparency and controversial investment practices.", "In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasingBitcoin (BTC)using a portion of its profits. Starting this month, the company plans to allocate up to approximately 15% of its realized investment profits to acquire BTC, which will then be added to its reserve surplus. Tether intends to store the purchased BTC on its own, without the involvement of any third-party custodians.\nLast week, Tether revealed that it holds $1.5 billion worth of BTC and $3.4 billion in gold, alongside its $82 billion USDT stablecoin. The company's reserves consist of 85% cash and cash-like assets, including U.S. Treasury bonds.\nPaolo Ardoino, Tether's chief technology officer, emphasized the long-term value and growth potential of Bitcoin, stating that the investment would enhance their portfolio and align the company with transformative technology. The firm's decision represents a step towards addressing concerns about transparency and controversial investment practices.", "Tether To Put 15% of Realized Profits Into Bitcoin Tether to Put 15% of Realized Profits Into Bitcoin In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasing Bitcoin (BTC) using a portion of its profits. Starting this month, the company plans to allocate up to approximately 15% of its realized investment profits to acquire BTC, which will then be added to its reserve surplus. Tether intends to store the purchased BTC on its own, without the involvement of any third-party custodians. Last week, Tether revealed that it holds $1.5 billion worth of BTC and $3.4 billion in gold, alongside its $82 billion USDT stablecoin. The company's reserves consist of 85% cash and cash-like assets, including U.S. Treasury bonds. Paolo Ardoino, Tether's chief technology officer, emphasized the long-term value and growth potential of Bitcoin, stating that the investment would enhance their portfolio and align the company with transformative technology. The firm's decision represents a step towards addressing concerns about transparency and controversial investment practices.", 'Debt ceiling talks made progress Tuesday and Wednesday, Biden and lawmakers said. Getty Images US stocks jumped Wednesday as lawmakers made progress on debt ceiling negotiations. President Biden and members of Congress are getting closer on a deal after weeks of deadlock. The major indexes all rose more than 1% during the session. US stocks jumped on Wednesday as investors grew optimistic that a deal over the debt ceiling could soon be in sight. Major indexes climbed steadily during the session, with markets cheering hopeful remarks from President Joe Biden and House Speaker Kevin McCarthy, who both stated they do not believe the US will default on its debt. "I\'m confident we\'ll get the agreement on the budget, that America will not default on its debt," Biden said on Wednesday morning. While an actual default was widely thought to be unlikely, the possibility of such a scenario has weighed on markets in recent weeks. Top executives have loudly warned of a catastrophe striking the financial system should the government default. Top economist Mohamed El-Erian tweeted on Tuesday that deadlock in Washington is harming the country\'s credibility at a time when the US should be re-establishing its role on the world stage. Here\'s where US indexes stood as the market closed at 4 p.m. on Wednesday: S&P 500 : 4,158.77, up 1.19% Dow Jones Industrial Average : 33,420.77, up 1.24% (408.63 points) Nasdaq Composite : 12,500.57, up 1.28% Here\'s what else is happening: The federal government\'s bank account saw a steep drop as the debt ceiling deadline looms. The Treasury General Account stood at $87.4 billion on Monday, down from $140 billion on Friday. Investors have pulled $8 billion from small-caps since March . Jefferies said that the segment of the stock market has been battered by recession fears and debt ceiling drama. Google parent Alphabet reclaimed the $1.5 trillion market cap level for the first time in a year on the back of its efforts in the buzzy AI space. SPAC King and venture capital investor Chamath Palihapitiya said the dollar won\'t be at risk because no other country actually wants to hold their own currency. He hit back at fears of de-dollarization. Story continues In commodities, bonds, and crypto: Oil prices jumped. West Texas Intermediate crude rose 2.57% to $72.68 per barrel. Brent , the international benchmark, was up 2.58% to $76.81. Gold fell 0.3% to $1986.40 per ounce. The 10-year Treasury yield was up two basis points to 3.57%. Bitcoin rose 1.5% to $27,388. Read the original article on Business Insider', '• US stocks jumped Wednesday as lawmakers made progress on debt ceiling negotiations.\n• President Biden and members of Congress are getting closer on a deal after weeks of deadlock.\n• The major indexes all rose more than 1% during the session.\nUS stocks jumped on Wednesday as investors grew optimistic that a deal over the debt ceiling could soon be in sight.\nMajor indexes climbed steadily during the session, with markets cheering hopeful remarks from President Joe Biden and House Speaker Kevin McCarthy, who both stated they do not believe the US will default on its debt.\n"I\'m confident we\'ll get the agreement on the budget, that America will not default on its debt," Biden said on Wednesday morning.\nWhile an actual default was widely thought to be unlikely, the possibility of such a scenario has weighed on markets in recent weeks.Top executives have loudly warned of a catastrophestriking the financial system should the government default.\nTop economist Mohamed El-Erian tweeted on Tuesday thatdeadlock in Washington is harming the country\'s credibilityat a time when the US should be re-establishing its role on the world stage.\nHere\'s where US indexes stood as the market closed at 4 p.m. on Wednesday:\n• S&P 500:4,158.77, up 1.19%\n• Dow Jones Industrial Average:33,420.77, up 1.24% (408.63 points)\n• Nasdaq Composite:12,500.57, up 1.28%\nHere\'s what else is happening:\n• The federal government\'s bank account saw a steep dropas the debt ceiling deadline looms. The Treasury General Account stood at $87.4 billion on Monday, down from $140 billion on Friday.\n• Investors have pulled $8 billion from small-caps since March. Jefferies said that the segment of the stock market has been battered by recession fears and debt ceiling drama.\n• Google parent Alphabet reclaimed the $1.5 trillion market cap levelfor the first time in a year on the back of its efforts in the buzzy AI space.\n• SPAC King and venture capital investor Chamath Palihapitiya said the dollar won\'t be at riskbecause no other country actually wants to hold their own currency. He hit back at fears of de-dollarization.\nIn commodities, bonds, and crypto:\n• Oil prices jumped.West Texas Intermediatecrude rose 2.57% to $72.68 per barrel.Brent, the international benchmark, was up 2.58% to $76.81.\n• Goldfell 0.3% to $1986.40 per ounce.\n• The 10-year Treasuryyield was up two basis points to 3.57%.\n• Bitcoin rose 1.5% to $27,388.\nRead the original article onBusiness Insider', 'Planning to proactively apply for virtual asset trading platform licence with the regulator in Hong Kong Committed to being the sought-after crypto exchange in the global financial center HONG KONG , May 18, 2023 /PRNewswire/ -- Crypto exchange YAX today announced its official arrival in Hong Kong , highlighting its plan to apply for the virtual asset trading platform licence from the city\'s Securities and Futures Commission. "We at YAX are optimistic about the Hong Kong Government\'s dedication to leveraging Web3 to consolidate the city\'s global influence in the financial sector, and supportive of the measures to refine the regulatory system. We are on our way to becoming one of the top sought-after crypto exchanges in Hong Kong , where local investors have been longing for a compliant, reliable, efficient, and user-friendly trading platform for virtual assets." said a YAX spokesperson. "The company will continuously dive into the innovation groundwork so as to bring the best possible user experience. We will also provide our YAXers with more thoughtful, all-inclusive, and high-quality virtual assets-related services," the spokesperson added. The company is committed to bridging its users easy and equal access to virtual assets through its app YAX, with services including trading, and instant market news. In terms of trading speed, market quotes, intelligent analysis systems, and risk control mechanisms, YAX offers YAXers reliable and easy-to-use tools, in combination with diversified portfolios of Web3 products. About YAX YAX, a global crypto exchange founded in June 2022 , has a team with over a decade of expertise in the financial industry. The company\'s business covers virtual assets trading, virtual asset custody, and more. YAX supports virtual assets with high liquidity including ETH, BTC, and USDT. The platform gained wide recognition from users prior to its official product launch in early 2023. Within 15 minutes after the user pre-registration started, some 3,000 users signed up among the first batch. For more information, please visit: https://yax.hk Story continues Cision View original content: https://www.prnewswire.com/apac/news-releases/crypto-exchange-yax-lands-in-hong-kong-301828152.html SOURCE YAX', 'Planning to proactively apply for virtual asset trading platform licence with the regulator in Hong Kong Committed to being the sought-after crypto exchange in the global financial center HONG KONG , May 18, 2023 /PRNewswire/ -- Crypto exchange YAX today announced its official arrival in Hong Kong , highlighting its plan to apply for the virtual asset trading platform licence from the city\'s Securities and Futures Commission. "We at YAX are optimistic about the Hong Kong Government\'s dedication to leveraging Web3 to consolidate the city\'s global influence in the financial sector, and supportive of the measures to refine the regulatory system. We are on our way to becoming one of the top sought-after crypto exchanges in Hong Kong , where local investors have been longing for a compliant, reliable, efficient, and user-friendly trading platform for virtual assets." said a YAX spokesperson. "The company will continuously dive into the innovation groundwork so as to bring the best possible user experience. We will also provide our YAXers with more thoughtful, all-inclusive, and high-quality virtual assets-related services," the spokesperson added. The company is committed to bridging its users easy and equal access to virtual assets through its app YAX, with services including trading, and instant market news. In terms of trading speed, market quotes, intelligent analysis systems, and risk control mechanisms, YAX offers YAXers reliable and easy-to-use tools, in combination with diversified portfolios of Web3 products. About YAX YAX, a global crypto exchange founded in June 2022 , has a team with over a decade of expertise in the financial industry. The company\'s business covers virtual assets trading, virtual asset custody, and more. YAX supports virtual assets with high liquidity including ETH, BTC, and USDT. The platform gained wide recognition from users prior to its official product launch in early 2023. Within 15 minutes after the user pre-registration started, some 3,000 users signed up among the first batch. For more information, please visit: https://yax.hk Story continues Cision View original content: https://www.prnewswire.com/apac/news-releases/crypto-exchange-yax-lands-in-hong-kong-301828152.html SOURCE YAX', "Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become themost-traded collectionin the past 24 hours, surpassing even prominent collections, such as Bored Apes.\nBitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.”\nAt the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday.\nBitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.\nNFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions – with the so-called Ordinals “inscriptions” surpassing the 3 million markearlier this month.\nSuch demand has contributed to bitcoin feesspiking to two-year highsandstirred debatein the Bitcoin community.", "Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even prominent collections, such as Bored Apes. Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.” At the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday. Bitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT. NFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions – with the so-called Ordinals “inscriptions” surpassing the 3 million mark earlier this month . Such demand has contributed to bitcoin fees spiking to two-year highs and stirred debate in the Bitcoin community.", "Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become themost-traded collectionin the past 24 hours, surpassing even prominent collections, such as Bored Apes.\nBitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.”\nAt the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday.\nBitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.\nNFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinal Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $530,725,416,375 - Hash Rate: 344768089.144806 - Transaction Count: 476704.0 - Unique Addresses: 603811.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hong Kong is accelerating toward its goal of becoming a global crypto hub, according to the region’s Secretary for Financial Services and the Treasury. In a Monday speech at the Aspen Digital Web3 Investment Summit in the east Asian business hub, Christopher Huisaidthat the city had received interest from over 80 companies wanting to set up shop in Hong Kong. These include crypto exchanges, blockchain infrastructure companies, blockchain network security companies, virtual currency wallets and payment companies. “Hong Kong is well-positioned to be a leading hub for Web3 in Asia and beyond, and we attach great importance to virtual assets and Web3,” Hui said. Hong Kong has been talking about becoming a hotspot for digital asset innovation for some time now. Its economy and reputation as a fintech hub was shaken after Covid-19 lockdowns and earlier regulatory crackdowns scared many crypto startups away. One of the most notable examples was the failed crypto exchange FTX, whichleftfor the Bahamas while blaming Hong Kong’s confusing regulatory framework for the move. The exchange was once one of the biggest brands in crypto but went bust last year because of alleged mismanagement. Web3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary Hong Kong has sinceopened upconsultations anddropped new rulesto give retail investors access to digital assets. Nikkei Asiareportedtoday that a number of Chinese crypto companies are eying Hong Kong. These include Chinese securities companies and banks that are interested in allowing clients to trade Bitcoin and Ethereum on licensed exchanges, the newspaper reported. Just last month, the Securities and Futures Commission of Hong Kong (SFC)proposedthat the city “allow all types of investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators.” Mainland China’s government cracked down on crypto back in 2021, when it banned Bitcoin mining. Hui said in his speech that Web3—the next evolution of the Internet, built on blockchains—has the “potential to enable more decentralized, efficient and inclusive platforms” that benefit users and creators. “It will also create new opportunities for innovation, entrepreneurship and social impact,” he added.... - Reddit Posts (Sample): [['u/WWYOG', 'Best intro for orange pilling', 880, '2023-05-18 00:24', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/', "That's Bitcoin 🧡", 'https://i.imgur.com/hwUnHmf.jpg', '13kg6dq', [['u/Previous_Ostrich8877', 34, '2023-05-18 02:09', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkkih1/', 'This is well said', '13kg6dq'], ['u/beaker38', 11, '2023-05-18 02:26', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkmt1o/', 'CBDC puppets got this covered', '13kg6dq'], ['u/WWYOG', 10, '2023-05-18 02:55', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkqosv/', "I appreciate your comment and urge you to study deflationary money. Jeff Booth's The Price of Tomorrow is a great place to start. To summarize in my own words and in my own opinion, mortgages are not a thing when the money is not broken. (Mortgages became commonplace in the early 70s after and because our money was taken off the gold standard.) Imagine a world where banks do not make loans for houses because the money is sound and maintains/appreciates in value. Housing prices will fall to their utility value. Nixon/Kissinger/Central banking distorted our view of money and how it should work. Get off zero if you haven't. Our kids depend on it.\n\nEdited for punctuation", '13kg6dq'], ['u/madbirdribdam', 10, '2023-05-18 03:14', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkktcng/', 'Few months ago:\n\n“Feds are selling the confiscated bitcoin, that’s why it’s dropped”', '13kg6dq'], ['u/Hank___Scorpio', 14, '2023-05-18 03:25', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkutng/', "But I don't understand or have any value set that appreciates anything beyond convenience!!", '13kg6dq'], ['u/Dr-Lavish', 10, '2023-05-18 03:51', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkyagu/', "A new type of Govt will evolve over time. They have multiple what if scenarios. It scares the hell out of them. Which it should. The human race will ultimately do away with Govt bodies. They won't be needed.", '13kg6dq'], ['u/BitcoinFan7', 10, '2023-05-18 03:51', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkkydjh/', 'Btc-e was an exchange not a cold wallet. No open source cold wallet has been hacked to my knowledge.', '13kg6dq'], ['u/benso87', 15, '2023-05-18 04:13', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkl1a83/', 'What does thermodynamics have to do with this?', '13kg6dq'], ['u/WWYOG', 10, '2023-05-18 05:08', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkl8j9w/', "Yes. That's coercion.", '13kg6dq'], ['u/bowdo', 10, '2023-05-18 11:56', 'https://www.reddit.com/r/Bitcoin/comments/13kg6dq/best_intro_for_orange_pilling/jkm5z9r/', "What's that? I can't hear you over the sound of my big hammer turning toes in to hamburger mince.", '13kg6dq']]], ['u/Walla_Walla_26', 'Tether is buying more Bitcoin to hold on their balance sheet. Isn’t that what Do Kwon did as a backstop for Terra USD?', 13, '2023-05-18 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/', 'It seems like history is kind of repeating itself. The circumstances are different, but Tether is going to use 15% of their profits to buy Bitcoin to hold for an undetermined amount of time. This is after the purchase they have already made. Saw this news today on the Wall Street journal. \n\n\nTerra USD, Do Kwon did the same thing to have another potential backstop for his algorithmic stablecoin. \n\nTether refuses to allow an audit and they are backed one to one with short term treasuries, etc. They are also buying before the bull run and IMO are getting a good deal on their Bitcoin purchase. \n\nMy question is why do they feel that they should have Bitcoin in their reserves? Are they trying to be more like Microstrategy? It just seems weird to me that they would buy Bitcoin. I understand they are using profits, but why? Is it just to boost their profits?\n\nedit* I appreciate the lively discussion. Let’s hope Tether is with us well into the future and we get clarity on reserves from all stablecoin issuers', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/', '13khrjy', [['u/pbjclimbing', 10, '2023-05-18 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/jkkfqdg/', 'Tether is using the profits from the interest they get from holding most of their reserves in bonds to buy Bitcoin. \n\nThis is different than using Bitcoin to backstop a stablecoin that is algorithmic and not 1:1 backed.', '13khrjy'], ['u/Maxx3141', 82, '2023-05-18 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/jkkggb3/', "They are buying them from their profits - they can use their profits to buy whatever they like, even if it's Campbell's Tomato Soup.", '13khrjy'], ['u/mesutdmn', 13, '2023-05-18 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13khrjy/tether_is_buying_more_bitcoin_to_hold_on_their/jkkgpgc/', 'And BTC is a nice way to double profits in the long term, but bullish on Tomato soups right now 🤣', '13khrjy']]], ['u/loupiote2', 'Successful recovery of 70 ETH (EIP2333) in validator on the beacon chain (seed lost)', 34, '2023-05-18 03:12', 'https://www.reddit.com/r/ledgerwallet/comments/13kk6iz/successful_recovery_of_70_eth_eip2333_in/', 'TL;DR - Don\'t lose your recovery seed!\n\nA client came to us for help trying to recover access to 64 ETH staked on the beacon chain on their ETH validators, plus rewards, so about 70 ETH total. The validators seed was lost.\n\nSee their posts on the ethstaker forum: [https://www.reddit.com/r/ethstaker/comments/13bq8fh/lost\\_seed\\_possible\\_to\\_recover\\_with\\_ledger\\_nano/](https://www.reddit.com/r/ethstaker/comments/13bq8fh/lost_seed_possible_to_recover_with_ledger_nano/) and [https://www.reddit.com/r/ethstaker/comments/13kl5nv/update\\_lost\\_seed\\_possible\\_to\\_recover\\_with\\_ledger/](https://www.reddit.com/r/ethstaker/comments/13kl5nv/update_lost_seed_possible_to_recover_with_ledger/)\n\nNormally when you lose the validator seed, you lose all hope of withdrawing the funds. But the client was lucky that they had initialized thers validators and their ledger Nano S with the same seed phrase.\n\nThe issue was that the very tech-savvy client unfortunately lost their seed phrase due to unforeseen circumstances. So the only remaining copy of their validators seed was in their Nano S, and of course there is absolutely no way to extract the seed from the ledger.\n\nSpecial private keys and signatures are needed for withdrawing ETH from validators, based on EIP2333 and using different cryptographic formulas, not those used for "normal" ETH transactions.\n\nNot only is there currently no ledger app (yet) capable of generating those EIP2333 signatures with ledger devices, but also the Nano S does not even have enough RAM to generate those signatures. Normally, validators can generate those signatures, based on their seed phrase.\n\nSo the idea (suggested by Ledger Team) was to generate the EIP2333 private keys on the Nano S using the derivation paths used by the validators, extract them and use them with off-line tools to generate the needed signatures to rescue the ETH from the validators.\n\nIn order to do that, a custom recovery ledger app had to be developed and installed (i.e. side-loaded) on the client\'s ledger. We hoped that the firmware on their ledger (2.0.0) already had support for the new cryptographic functions (i.e. BLS12-381 elliptic curve) needed to generate those keys, since updating the ledger firmware is very risky if you don\'t have the seed (if the ledger resets, everything is lost!).\n\nWe developed the custom recovery app using the ledger development tools on a Debian 11 Linux system running in virtualbox on a Windows 11 host.\n\nWe first tested the custom recovery app after side-loading it on a test Nano S+, but the firmware on our S+ did not support some of the functions we needed, so we decided to test using a Nano S (firmware 2.1.0), and everything was working as expected. We were able to generate the EIP2333 private keys. It takes about 16 sec for the Nano S to generate each key. The derivation process is very CPU intensive for the BLS12-381 elliptic curve, and the CPU in the Nano S is quite slow.\n\nWe validated the EIP2333 keys generated by our ledger app on our test device by comparing them to those generated with the Ian Coleman EIP2333 tool, and at first it looked like the keys didn\'t match. We found out that it was due to a bug in Ian Coleman EIP2333 tool (adding a new-line after the last mnemonic word breaks the bip39 seed!!). So finally we could confirm that the keys were correctly generated by our app. Our client also confirmed that the keys generated by the Ian Coleman EIP2333 tool match those generated by other EIP2333 tools.\n\nWe then sent the virtualbox image to our client, and they were able to run it out-of-the box in virtualbox on their Windows 11 system. The next step was to check that the custom recovery app was able to generate to right keys on another test Nano S, this time with firmware 2.0.0 (the exact same firmware version as the precious ledger Nano S containing the validators seed), as this would tell us if a (potentially risky) firmware update on the precious ledger would be needed on not.\n\nThe recovery app was side-loaded on the client test Nano S, and it was able to generate correct EIP2333 keys.\n\nThe next step was to run the app on the precious Nano S that contained the validator seed.\n\nWe got a bit worried when the side-loading process generated an exception, not allowing us to install the recovery app on the device.\n\nWe figured out that there was probably not enough free space on the device because of other installed apps, so we uninstalled all apps (using the device dashboard "Uninstall all apps" function). Then our recovery app could be successfully side-loaded on the device. Relief!!!\n\nThe recovery app was then run on the client\'s device, and we were able to get all the EIP2333 keys needed to rescue the validator\'s ETHs. The keys were confirmed to be correct, based on the public keys that were known.\n\nSo it required significant work and development of a custom ledger app, but at the end this recovery was a success!\n\nIn the same Recovery series:\n\n[https://www.reddit.com/r/ledgerwallet/comments/kz2eob/successful\\_recovery\\_story\\_how\\_we\\_recovered\\_100/](https://www.reddit.com/r/ledgerwallet/comments/kz2eob/successful_recovery_story_how_we_recovered_100/)\n\n[https://www.reddit.com/r/ledgerwallet/comments/m4pk7q/successful\\_recovery\\_of\\_btc\\_from\\_a\\_hw1\\_ledger/](https://www.reddit.com/r/ledgerwallet/comments/m4pk7q/successful_recovery_of_btc_from_a_hw1_ledger/)\n\n[https://www.reddit.com/r/ledgerwallet/comments/nbcukn/nano\\_s\\_with\\_12\\_firmware\\_vs\\_eip155\\_successful/](https://www.reddit.com/r/ledgerwallet/comments/nbcukn/nano_s_with_12_firmware_vs_eip155_successful/)', 'https://www.reddit.com/r/ledgerwallet/comments/13kk6iz/successful_recovery_of_70_eth_eip2333_in/', '13kk6iz', [['u/Mooncow027', 12, '2023-05-18 04:33', 'https://www.reddit.com/r/ledgerwallet/comments/13kk6iz/successful_recovery_of_70_eth_eip2333_in/jkl3zsk/', "My brain hurts from reading smartness. Can't comprehend. Congratulations!", '13kk6iz']]], ['u/Anticrusader0', 'I Am Finally Out From Under Child Support; WTF Now?', 348, '2023-05-18 04:13', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/', "The letter came today: Child Support is paid off; no more wage garnishment, no more freezing my bank accounts, I can apply to get my passport back, I can afford breakfast and new socks...\n\nWhat does the world look like after 20 years of constant pressure and enforced poverty? It is something like returning home from a life abroad, or maybe prison.\n\nI could sell my crappy little house I inherited from my grandmother and buy a nicer property... but why? My kids are grown, I don't need the room; I'm not trying to impress women, not after the way I've been treated; my dogs like it here, and they are my only friends. Then there's the prices; I'll get more than my house is worth, but only because it will immediately be torn down and turned into a McMansion, which is all that is for sale, and I wouldn't want to live in one even if it wasn't stupidly expensive.\n\nI could trade in my old beat-up pickup truck on something new, but cars have changed so much that I don't like anything made in the last 10-15 years. They want $50k for a pretty standard F-150, which for some reason has a twin-turbo V6, the Ranger is bigger than my old full-size truck, and both of them have more computers than the space shuttle did. Digital gauges were one of my least favorite fads from the 80s, which is saying something, but that's all you get, now. Racing 300-hp sports cars in the 90s was fun; racing 600-hp cars on the street is scary... and stupid. Trucks with that kind of power are simply insane.\n\nI could travel the world, if the world wasn't on fire and my country wasn't holding the gas can. It used to seem like the Republicans were evil but smart, and the Democrats were good but stupid, but both parties have gone evil and stupid. Leaving aside any debate about Donald Trump, he would never have become president if either party had fielded a serious contender for the office, and everyone's big problem with him seemed to revolve around his unwillingness to start more wars. In any case, there is nothing that I can do about it.\n\nI could invest my money, claw my way up through the stock market or the Bitcoin exchange, start and grow a business, so that I could have even more money... that I have no idea what to do with?\n\nThis entire scheme our society is running on just seems so pointless and stupid, why am I doing anything but sitting in a boat, fishing, and drinking beer every day? Why am I doing someone else's bidding, helping their plan, letting them decide how our lives are supposed to be lived? Especially when it should be obvious to everyone that our society is failing, quickly.", 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/', '13kljcg', [['u/[deleted]', 96, '2023-05-18 04:50', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkl698n/', 'You should stop reading the news and find something that makes you happy and grab it with both your hands.\nIf the world goes to shit it goes to shit. Can’t do anything other than make the best out of the hand you have.\nTake care bud', '13kljcg'], ['u/HansDevX', 70, '2023-05-18 05:10', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkl8rkh/', 'I was going to comment "Wait until the government decide you should pay child support until they are 25" but then I googled it and its actually a thing.\n\nLooks like you made it to the light at the end of the tunnel. Enjoy your freedom.', '13kljcg'], ['u/StandOutLikeDogBalls', 173, '2023-05-18 05:16', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkl9e9w/', 'Sounds to me like you want to go fishing and have a few beers. Do it. Put part of the newly found money to use doing stuff that makes you happy. Buy the incredibly expensive steaks you like and invite your friends to grill out, quit working overtime or a second job just so you have money to survive, get the upgraded streaming services, whatever you like.', '13kljcg'], ['u/illigal', 28, '2023-05-18 05:35', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklbkvw/', 'You can comfortably survive on significantly less than you earn right now - either power level retirement savings or get a less demanding (part time?) job!', '13kljcg'], ['u/Catch-the-Rabbit', 23, '2023-05-18 06:27', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklgysy/', "So real talk since you're used to living with less popping these funds into a high yield savings account might not be a bad idea.", '13kljcg'], ['u/KrazyJazz', 51, '2023-05-18 07:59', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkloyww/', ">...why am I doing anything but sitting in a boat, fishing, and drinking beer every day?\n\nThat's an awesome idea, man. Nothing wrong with that. Give it time, assess the situation quietly, at your own pace, listen to your inner voice and find out later what you wanna do eventually. Enjoy your newfound freedom and the few extra bucks in your pockets. Congratulations.", '13kljcg'], ['u/11SIERRA11', 14, '2023-05-18 08:27', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklr5h7/', 'Take a plane, come to Spain, to a town with beach. Talk to strangers, try new food, explore a bit. Just change your point of view.', '13kljcg'], ['u/Frequent-Muffins', 59, '2023-05-18 08:48', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklsr5j/', 'invites dogs to grill out', '13kljcg'], ['u/Unnecessary_Timeline', 14, '2023-05-18 09:05', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklu0n3/', 'Travel. Not the whole world is on fire, there is a lot to see. The first place I ever went abroad was Iceland and it was amazing. If you don’t want to gawk at man-made structures, Iceland is an amazing place to go. The whole country is full of jaw dropping natural beauty. Most destinations had 20 or less other tourists, and I went during peak tourist time. There were a few crowded spots, like the popular geyser and a very popular waterfall. But the rest was very peaceful with no crowds.\n\nDon’t stay in Reykjavík except for to arrive and leave. Spend the rest of your time out in the countryside. It’s jaw dropping. Like, there are beautiful waterfalls easily seen as you casually drive down the highways. It was kind of blissful for me; it legitimately forgot about my life problems and the general awful state of humanity for a couple days.', '13kljcg'], ['u/reeeegert', 11, '2023-05-18 09:28', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jklvojh/', 'Or maybe, just maybe this is about supporting someone who’s been through hell for years of enforced poverty and helping him do what he wants to do.', '13kljcg'], ['u/PhilosophorumX', 14, '2023-05-18 10:54', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkm1m5l/', 'Diogenes?', '13kljcg'], ['u/Visible_Juice_4204', 10, '2023-05-18 13:14', 'https://www.reddit.com/r/MensRights/comments/13kljcg/i_am_finally_out_from_under_child_support_wtf_now/jkmcl4y/', 'Rainbow washing is when a person/company pretends like theyre pro-queer, but actually theyre just doing it to to get money from queer people and allies.', '13kljcg']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, May 18, 2023', 33, '2023-05-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/', '13kntz5', [['u/cousin_brian', 17, '2023-05-18 07:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jklliba/', 'So much fud. America will not default. Buy the dip', '13kntz5'], ['u/regxbN78', 13, '2023-05-18 08:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jklrb6k/', "If America defaults, Bitcoin will probably do a lot better than wherever else you're storing money.", '13kntz5'], ['u/NLNico', 20, '2023-05-18 10:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jklz47p/', "[Truflation](https://truflation.com/) continues to make new lows at 3.29%. Nasdaq at just below the local Aug '22 top. Might want to wait till they go above that (and SPX at least 4.2k+), but as equities go higher, hard to imagine more risky assets like bitcoin won't follow. Quite bullish for next few months. Let's hope I am right lol.", '13kntz5'], ['u/dopeboyrico', 14, '2023-05-18 14:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkmi98n/', '[Today is the last day both chambers of Congress are in session at the same time before the default x date on June 1st.](https://content.rollcall.com/wp-content/uploads/2022/12/2023CQRCCongressionalCalendar.pdf)\n\nIf we don’t get news by the end of today that a resolution has been made on the debt ceiling, expect volatility going forward. The House and Senate will only be in session on non-overlapping days for the rest of the month. The closer we get to the x date with no decision made, the more volatility we will see.\n\nA decision might not be made until right before the x date occurs but ultimately the debt ceiling will be increased. The negative repercussions of default are far too severe to be allowed to occur.', '13kntz5'], ['u/pluto098', 23, '2023-05-18 14:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkmkcax/', "They have to pretend it's a big deal for the political theatre but everyone knows the ceiling will be raised lol. It's pushing a can down the road to be someone elses problem later on.", '13kntz5'], ['u/Beingoodfornothing', 16, '2023-05-18 16:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkn37tj/', 'I see that wallets hodling at least 1btc crossed 1 million mark.', '13kntz5'], ['u/snek-jazz', 18, '2023-05-18 18:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknmlfm/', '> ~~wallets~~\n\nadresses', '13kntz5'], ['u/cryptovector', 10, '2023-05-18 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknvdob/', "most wallets I've seen make a new address for every transaction. So if I have 10 btc in my wallet it could be 10 separate addresses with 1 btc each which is why this metric is kind of useless.", '13kntz5'], ['u/Order_Book_Facts', 14, '2023-05-18 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknveze/', 'I doubt there will be any significant upwards price movement until the US debt ceiling deal is in place. \n\nI’d like to believe in my heart that bitcoin is an incredible hedge against this very event; but the reality is bitcoin is magic internet monies and is the first risk off asset sold when staring down the barrel of the shotgun.', '13kntz5'], ['u/iEyeOpen', 11, '2023-05-18 19:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jknw73u/', "Too many easy liquidation targets just 2% below markat price. Degens have to be flushed fully before BTC can go up, it's a law of nature. You can't have your liq price in the trading channel and expect to get rich quickly.", '13kntz5'], ['u/[deleted]', 26, '2023-05-18 21:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkocju7/', 'Lol just noticed Zane Tackett, former head of Institutional Sales at FTX is a mod of this sub. What a small incestuous world crypto is.\n\nNext I will learn ChadRun04 is Paolo Ardoino from Bitfinex.', '13kntz5'], ['u/[deleted]', 10, '2023-05-18 23:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkow9jv/', 'Do something fun big guy, cmon, we need some juice', '13kntz5'], ['u/delgrey', 10, '2023-05-18 23:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13kntz5/daily_discussion_thursday_may_18_2023/jkowu0y/', 'One million Zimbabwe dolla.', '13kntz5']]], ['u/[deleted]', 'People who complain about being down.', 24, '2023-05-18 07:33', 'https://www.reddit.com/r/roboinu/comments/13kplk2/people_who_complain_about_being_down/', 'I don’t understand the logic of people who complain about their investment being down. If you go and look at any crypto price chart and look at the first year or longer, you will see highs and lows, volatility and unpredictability. Look and BTC and ETH, they’re the same. That’s just crypto. \n\nThere’s no such thing as a guaranteed winner in this game so if you bought in to this project, have some faith in it, contribute to its growth and hopefully we’ll see our investments go up long term. \n\nUntil then, there will be ups and downs, there’s no point freaking out every time that happens. And if you can’t handle the ups and down of this token, you couldn’t have handled holding BTC in the early days either.', 'https://www.reddit.com/r/roboinu/comments/13kplk2/people_who_complain_about_being_down/', '13kplk2', [['u/Extreme-Cup1969', 21, '2023-05-18 21:10', 'https://www.reddit.com/r/roboinu/comments/13kplk2/people_who_complain_about_being_down/jko98to/', 'At some point we need to have an open and honest discussion and realize what works and what doesn\'t work. We have had great success getting many new holders directly after AMA\'s. Ask yourself why. It\'s because the project is EXPLAINED and people start investing. When left to the optics alone (i.e the dog theme mascot, inu, tokenomics) our numbers slump and the market doesn\'t react favorably. Your "brand" needs to quickly and concisely tell potential investors what you\'re all about. Marketing 101. If your project is egodystonic meaning there\'s an internal clash between core values and the optics you may be simply scaring people off. All the social media and reddit posts are so appreciated but they fall short because noone gets past the optics enough to research the project. You shouldn\'t have to convince people of anything the branding should do that itself. That\'s why the current community marketing has been unsuccessful because we are asking people to explain something they might not even fully understand themselves in order to help people look past the optics. So short of spending marketing money my humble recommendation is to do as many AMA\'s as possible to help explain the potential. But it needs to comes from the source and not people who are just invested. Show your face as often as possible to show this isnt another anonymous team led token. They need to give people THEIR vision on what they are working toward now cause the rest of us really don\'t know. A picture is worth a thousand words so if you arent willing to fix the optics be prepared to say thousands of words to explain your vision.', '13kplk2']]], ['u/rBitcoinMod', 'Daily Discussion, May 18, 2023', 26, '2023-05-18 08:01', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13jt9o5/daily_discussion_may_17_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/', '13kq3gt', [['u/[deleted]', 11, '2023-05-18 10:20', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jklzate/', 'As a new bitcoiner, I want to just get your thoughts on something?\n\nAs I begin this journey, I’ve noticed there is an awful lot to take in, with a multitude of ‘right’ and ‘wrong’ ways to buy and store BTC. As a newcomer, trying to own my BTC on a cold wallet, I can’t help but feel overfaced with information.\n\nMy question to you is…surely this complexity and this high barrier to entry (with knowing the ‘right’ steps to follow with the right platforms/software/hardware) could be a big turn off to people and stand in the way of mass adoption?', '13kq3gt'], ['u/Educational-Cat-2553', 12, '2023-05-18 11:15', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jkm33yc/', "true. I believe we're not doing enough to make the technology accessible and secure for everyone. But in hindsight, things are easier today than they were 5 years ago and WAY easier than 10 years ago.", '13kq3gt'], ['u/NectarineDirect936', 11, '2023-05-18 11:33', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jkm4boh/', "Never thought i'd be able to accumulate this much tbh.. Done buying lump sums, achieved my goal already and it's a great feeling small weekly dca goes a long way now.", '13kq3gt'], ['u/DeerWhisperer8726', 16, '2023-05-18 16:37', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jkn1yuy/', 'Hour and a half into the Bitcoin 2023 conference and I\'ve heard more speakers say "crypto, web3, blockchain, digital assets" than "Bitcoin". Wtf is this', '13kq3gt'], ['u/Sweaty_Constant_6778', 11, '2023-05-18 19:58', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jknxwbz/', 'Typical BTC dumps on Day 1 of BTC Conference. Should cancel event 🤮', '13kq3gt'], ['u/hateschoolfml', 12, '2023-05-18 20:19', 'https://www.reddit.com/r/Bitcoin/comments/13kq3gt/daily_discussion_may_18_2023/jko185p/', 'Shitcoin scammers is all I see at this “btc” conference \n\nThey just want more and your bitcoin', '13kq3gt']]], ['u/DannyDev1to', 'Any hardware wallet recommendations?', 17, '2023-05-18 08:47', 'https://www.reddit.com/r/ledgerwallet/comments/13kqwnk/any_hardware_wallet_recommendations/', 'So obviously ledger isn’t one of the suggestions I’d like but what are some good alternatives? I bought a Coldcard for bitcoin but is there any good alternatives that support alts like algorand, cosmos, hedera, litecoin, etc? I’ve been looking all over and found some options like keystone and ellipal but I’d like something that I could use on my desktop instead of cell phone. Preferably open source too.', 'https://www.reddit.com/r/ledgerwallet/comments/13kqwnk/any_hardware_wallet_recommendations/', '13kqwnk', [['u/alby6969696969', 13, '2023-05-18 09:15', 'https://www.reddit.com/r/ledgerwallet/comments/13kqwnk/any_hardware_wallet_recommendations/jkluraq/', 'We are not confident with new firmware. It is a 0 or 1 away from compromise.\n\nNot a risk we are willing to take. It should have always been done an a Noob device with big buttons for boomers.\n\nOld devices and customers should never have been treated this way. The only way back I see is to open source and show us what you are hiding. Otherwise only a fool will update their firmware.', '13kqwnk']]], ['u/Ok_Schedule_9476', 'Tether will allocate 15% profit every month to buy Bitcoin', 24, '2023-05-18 09:19', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/', 'Starting this month, Tether will start a campaign to spend 15% of profits every month buying BTC, RBIF. Strategy to diversify reserves for USDT, reduce dependence on US government bonds & bank deposits\n\nhttps://preview.redd.it/cjby0cimjj0b1.png?width=589&format=png&auto=webp&v=enabled&s=8e719da0b8c1c81d1bd217caa2b67e356deb8d2c', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/', '13krgzf', [['u/Ithinkstrangely', 17, '2023-05-18 11:09', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/jkm2o24/', 'The central bankers control Tether just like they control BTC (fake Bitcoin). Is it obvious now?', '13krgzf'], ['u/surprise-pikachu', 27, '2023-05-18 13:05', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/jkmbq98/', "So Tether now admits to doing what they've been doing all along?", '13krgzf'], ['u/oldskool47', 13, '2023-05-18 17:28', 'https://www.reddit.com/r/btc/comments/13krgzf/tether_will_allocate_15_profit_every_month_to_buy/jkna0gy/', 'Tether mints USDT. BTC pumps. Rinse. Repeat.', '13krgzf']]], ['u/Smile0069', '3 Penny stocks primed to be 10-baggers in 5 Years', 27, '2023-05-18 09:57', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/', ' \n\n## Tilray Brands ($TLRY)\n\nFor cannabis stocks, there are two scenarios in the coming years. First, if cannabis is legalized at the federal level, Tilray Brands ($TLRY) stock and several other cannabis stocks will deliver 10-bagger returns with ease.\n\nHowever, even if regulatory headwinds sustain. There are some cannabis stories that will deliver value. Tilray Brands is among the interesting growth stories to accumulate.\n\nA recent report indicates that U.S. cannabis sales will hit $71 billion by 2030 even without federal reforms. If we include Europe, the total addressable market will be over $100 billion. This underscores my view on potential multi-bagger penny stocks from the cannabis segment.\n\nSpecific to Tilray Brands, the company has been consistently delivering positive adjusted EBITDA. Tilray has also guided for positive free cash flow from all key business units in 2023.\n\nWith $408.3 million in cash and equivalents, the company has ample flexibility to invest in organic and acquisition-driven growth.\n\nTilray has a presence in Canada, Europe, and the U.S. This, coupled with the fact that the company is into recreational and medicinal cannabis, implies a big addressable market.\n\n \n\n## Bitfarms ($BITF)\n\nBitfarms ($BITF) stock has skyrocketed by 156% for year-to-date 2023. However, assuming a scenario where Bitcoin (BTC-USD) remains in an uptrend, BITF stock is among the potential 10-bagger penny stocks.\n\nThere are ambitious targets for Bitcoin with Standard Chartered anticipating $100,000 levels for the cryptocurrency by the end of 2024.\n\nThis is likely with Bitcoin halving due in 2024. Additionally, a dovish stance by the Fed can trigger a big rally for risky asset classes in the second half of 2023.\n\nFor Q1 2023, Bitfarms reported $30 million in revenue and $6 million in EBITDA. On a quarter-on-quarter basis, adjusted EBITDA improved by 500%. The low-cost Bitcoin miner is positioned to benefit as realized prices swell.\n\nAnother point to note is that Bitfarms has lowered debt by $140 million in the last 10 months. As of April, the company’s total debt was $19 million. This provides ample flexibility for mining expansion. The company has already boosted its mining capacity to 5EH/s as of May.\n\n \n\n## Solid Power ($SLDP)\n\nAt $1.95, Solid Power (SLDP) looks massively undervalued. It’s among the 10-bagger penny stocks to buy for the long term.\n\nOf course, if the company is successful in commercializing solid state batteries, the upside potential will not be capped at 10x.\n\nThe company’s SP2 electrolyte production facility was commissioned in April. Further, the company is on track to deliver EV cells to automotive partners during the year. Solid Power’s automotive partners include BMW ($BMWYY) and Ford ($F).\n\nThe company has already licensed its cell design and manufacturing process to BMW. This will help in accelerating research and development activities.\n\nFrom a financial perspective, Solid Power ended Q1 2023 with cash and equivalents of $468.2 million. There is ample flexibility to make aggressive investments towards R&D.\n\nOverall, as the company officially enters the automotive qualification process in 2023, SLDP stock is poised for big action.', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/', '13ks4xa', [['u/hbcbDelicious', 102, '2023-05-18 13:35', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/jkmeq3x/', 'Saw Tilray and stopped reading', '13ks4xa'], ['u/Bentley3461', 14, '2023-05-18 13:50', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/jkmga3t/', 'If Tilray were a winner then it wouldn’t be in penny stock discussion right now.', '13ks4xa'], ['u/Jobes420', 11, '2023-05-18 16:22', 'https://www.reddit.com/r/pennystocks/comments/13ks4xa/3_penny_stocks_primed_to_be_10baggers_in_5_years/jkmzsgk/', 'Tilray will never be heard of again in 2 years', '13ks4xa']]], ['u/KlemenKisi', 'What kind of coins did you mainly buy?', 30, '2023-05-18 10:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/', 'According to my observations, there are a few types of coins depending on their market movement and utility. \n\n1. Bitcoin - first cryptocurrency, king of our hearts, leading the market since its creation.\n\n2. Coins that show potential and deliver - projects like Ethereum that are promising novelties, solutions to problems, etc. and actually deliver good services and have great developers. This shows in their market trends as they usually make their way upwards over a longer period.\n\n3. Coins that show potential but fail to deliver - Not all coins are scams. I do believe that some projects really mean to develop as solutions to some problems and are planning to upgrade the existing tech. Unfortunately as the time goes, their roadmap gets posponed and postponed. They might deliver but in a very stretched timeframe. Eventually people lose interest in them and only the religious bag holders still hope for the project\'s development.\n\n4. Meme coins "pump and dump" - we all know these, they usually dont last long on the market, developers hype people into buying and then sell their bags, usually leaving other holders unable to even sell for loss.\n\n5. Meme coins that pump and dump and then somehow stay there - Im talking about Dogecoin for example. First meant as a total meme, but now has its own blockchain and even some utility. For some it is not considered a meme coin anymore. Pepe might be going in this direction?\n\nAre there some that I missed? Which types do you hold/prefer?', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/', '13kswf5', [['u/Roberto9410', 31, '2023-05-18 10:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/jkm1kqg/', 'I mainly buy those that go to zero! 😅', '13kswf5'], ['u/ChemicalGreek', 14, '2023-05-18 10:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/jkm1mhm/', 'BTC and ETH I mainly bought this bear market! And by being on my favorite sub I got also Moons :)', '13kswf5'], ['u/Barchelonio', 16, '2023-05-18 10:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13kswf5/what_kind_of_coins_did_you_mainly_buy/jkm1r4c/', 'Had to many bad experiences with all the alts. Now sticking to probably the most boring but the best for me strategy: BTC and ETH and a little bit of moon farming on the side.', '13kswf5']]], ['u/sandych33k', 'Cone and Bitcone could be the reason for a new "bull" in RCAs', 13, '2023-05-18 12:15', 'https://www.reddit.com/r/ConeHeads/comments/13kunx6/cone_and_bitcone_could_be_the_reason_for_a_new/', "Gen 3 hit the RCA market pretty hard, which ended in a massive sell out. This was a growing ground of doubt and disbelief.\n\nI think the Cone community showed, that they're the fundament of avatar movement. It's like a breath of fresh seeing Cones with a steady price and the current hype around Bitcones. Imo we can see similarities between the story of Bitcones and its brother Bitcoins. When everyone is selling and we're in a bear market, there is one left back standing on its own... \n\nAnd this is the CONE, fellas!", 'https://www.reddit.com/r/ConeHeads/comments/13kunx6/cone_and_bitcone_could_be_the_reason_for_a_new/', '13kunx6', [['u/TamilPunk', 11, '2023-05-18 12:21', 'https://www.reddit.com/r/ConeHeads/comments/13kunx6/cone_and_bitcone_could_be_the_reason_for_a_new/jkm7xrl/', "But the upsetting fact is, avatartrading sub doesn't like coneheads and bitcones...", '13kunx6']]], ['u/26oclock', 'What are the risks for my cold storage plan.', 16, '2023-05-18 13:15', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/', 'I have a Nano Ledger S. Need to move my longterm storage now as it looks like.\n\n1. Save an offline HTML of https://www.bitaddress.org/\n2. Use USB to transfer HTML to offline PC\n3. Generate one private key\n4. Do a backup photo of that private key via analog polaroid camera\n5. Send BTC from ledger to the paper wallet\n\n\nQuestion: How safe is this? And can I send multiple times to the same paper wallet? \n\nThanks!', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/', '13kvzy0', [['u/rosarino356', 15, '2023-05-18 13:58', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/jkmh4fw/', "Paper wallets have their risks too, make sure to read about them\nPlus, if you have a Nano S (not S Plus), you should be good, since Ledger confirmed it wouldn't be impacted by Ledger Recover due to incompatibility with it's chip. Obviously that requires still trusting what they say...", '13kvzy0'], ['u/TrevReznik', 13, '2023-05-18 14:00', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/jkmhai4/', "Honestly with a Ledger Nano S the risk is near enough to zero. Just use a passphrase if you don't already. Run you own node+sparrow wallet and you won't need to run Ledger Live or do a firmware upgrade again.", '13kvzy0'], ['u/Rix0n3', 13, '2023-05-18 14:03', 'https://www.reddit.com/r/Bitcoin/comments/13kvzy0/what_are_the_risks_for_my_cold_storage_plan/jkmhm8p/', 'Do you wanna risk trusting ledger after this saga? Its not about what the customers want, its about what lines there pockets.', '13kvzy0']]], ['u/Ryanopoly', 'I had a conversation with a Bitcoin scammer via Reddit messaging this morning promising me 6 to 8 percent daily returns, so just be aware that they are still out there folks.', 207, '2023-05-18 13:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/', 'I received a message last night and already pretty much knew it was a scam just off the name alone, and said to myself, ah what the hell, let me troll this scammer for a bit before I go to bed.\n\nSo we got to talking, and then I fell asleep, because he was taking a lot of time to respond between our messages, most likely trying to scam multiple people at once from his little call center.\n\nAnyway, when I woke up this morning I saw that he responded, and then we got to talking. It didn\'t take long before he asked me if I knew about Bitcoin, which was kind of a rookie mistake, seeing as though he spotted me in a cryptocurrency sub-Reddit to begin with, obvious red flag number one.\n\nThen, the big doozie happened, when he promised me 6 to 8 percent "daily" returns on my Bitcoin investment, which I promptly replied: "daily!" He replied confidently: Yes, daily. \n\nSo I said I am definitely interested, and then he began or attempted to begin his transition with me over to you guessed it.... Telegram. After informing him that I didn\'t have Telegram, he quickly asked me to meet his boss over on WhatsApp, which I again said I did not have... and then he was gone.\n\nI have the full conversation screenshot posted on my profile if any of you are interested in reading the entire conversation, plus you can see the scammers username, just in case my buddy tries to message you as well. It doesn\'t mean much though, since they most likely have thousands of puppet accounts to use, but I just wanted you all to know that these lowest of the low are still trying to get your hard earned coins and tokens, so be aware, and keep yourselves safe.', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/', '13kw0ow', [['u/Kappatalizable', 58, '2023-05-18 13:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmd7gt/', '>So we got to talking\n\nI thought this would end up with you guys getting married and having children. Was disappointed ngl', '13kw0ow'], ['u/Ryanopoly', 10, '2023-05-18 13:21', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmdb9i/', 'The day is still young my friend.', '13kw0ow'], ['u/deftaj', 34, '2023-05-18 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmdhd2/', "He can't touch me, my funds are already in the safe hands of a Nigerian prince", '13kw0ow'], ['u/Popular_Worry_9294', 10, '2023-05-18 13:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmer13/', 'Mine are safely held by the Bitcoin CEO', '13kw0ow'], ['u/MindTheMindForMind', 11, '2023-05-18 15:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13kw0ow/i_had_a_conversation_with_a_bitcoin_scammer_via/jkmupkf/', 'Getting married, having children and 6/8% return every day??? \n\nI’m in.', '13kw0ow']]], ['u/jlstg2', 'I’ve started DCA’ing all I can but it seems like I am accumulating at such a slow rate and I will never acquire enough to get out of the fiat trap.', 97, '2023-05-18 13:53', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/', 'I recently started DCA’ing about $10 a week but that’s all I can do right now. I’ve cut what expenses I can and am trying to make more money. I want to accumulate more before the next bull run to protect myself from the fiat bullish!t and the collapse of the US dollar as the reserve currency but I don’t think I have time to accumulate enough. \n\nAm I destined to only accumulate a very small amount before Bitcoin becomes main stream and the reserve currency? Is there ways to get more or will my small bag be enough to protect me from what is to come. \n\nThank you to this sub for all the great information and advice. You have helped me on this journey to be free from the control of fiat. \n\nAlso yes I’m using a cold wallet since I know that will be some of the comments lol.', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/', '13kwwcv', [['u/catasTrivity', 101, '2023-05-18 13:56', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmgw0y/', "Bro I started off doing this in like 2018 and was thinking the exact same thing..... Stay at what you are doing and you will thank yourself later. At the time I thought I was too late but kept going, it's the only wie.", '13kwwcv'], ['u/Tipyapha', 27, '2023-05-18 14:24', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmk0zh/', 'I had 2 friends in 2012 that stopped smoke cigarettes and DCA only those money, now they are multi millionaire.', '13kwwcv'], ['u/escodelrio', 27, '2023-05-18 15:02', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmolwc/', 'If you have more than 243,000 sats you have more than the average person on the planet can currently obtain: [http://bitcoinsperperson.com/](http://bitcoinsperperson.com/)\n\nThink in terms of satoshis and not whole Bitcoins. The age of being a wholecoiner has effectively passed. We are entering the age of satoshis.', '13kwwcv'], ['u/StumbleMyMirth', 78, '2023-05-18 15:09', 'https://www.reddit.com/r/Bitcoin/comments/13kwwcv/ive_started_dcaing_all_i_can_but_it_seems_like_i/jkmpj2a/', "You have plenty of time.\n\nThe USD is not going to collapse anytime soon. In fact, it may not even be in your lifetime. Same with BTC becoming the global reserve currency. Don't expect this soon, or even ever. \n\nStep back a bit from the FUD inducing rabbit hole you've taken yourself down and relax a bit. Be glad you learned about BTC, invest what you can, make sure you have a cash cushion and your living expenses taken care of, and just set it and forget it.", '13kwwcv'], ['u/Glad-Ease4283', 20, '2023-05-18 15:37', 'https://www.reddit.com/r/Bitcoin/comments/13... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation.\nIn an interview at Bitcoin 2023 in Miami, Saylor exclusively toldDecryptthat the software firm is looking atOrdinalsand assessing its potential in terms of application development.\nOften used to create NFT-like assets on top of Bitcoin, Ordinalslaunched in January, and the protocol—while not embraced entirely by the Bitcoin community—has created a new wave of experimentation with crypto’s oldest coin.\nWhile Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price\nOne recent innovation in the space leveraging Ordinals is an experimental framework for building tokens on top of Bitcoin. It waspioneeredby the pseudonymous on-chain data enthusiast Domo in early March. And since then, thousands of other so-called BRC-20 tokens have been created.\nAll those transactions have been partly—or entirely, depending on who you ask—responsible for elevated transaction fees on Bitcoin. That’s been aboon for Bitcoin miners, who collecttransaction feesfor their role in securing the network. But lots of members of the community have complained that high fees make it harder forregular peopleto use BTC as the peer-to-peer electronic cash system thatSatoshi Nakamoto, the pseudonymous creator of Bitcoin, intended it to be.\nThe discussion surrounding Ordinals is important, Saylor said, because “Bitcoin miners have to be successful over the long term.” He added that the development of applications building on Bitcoin’s functionality could also bolster the coin’s overall adoption, among individuals, firms, and governments.\nSaylor didn’t specifically say what use cases MicroStrategy could be looking into that tap Ordinals, but he noted the ability to commit data to Bitcoin’s blockchain that isn’t solely related to transactions has many potential applications.\n“The whole idea of burning a piece of data on the blockchain opens the door to the possibility that I might burn a digital signature, or I might burn a registration, or I might burn a hash of a document,” Saylor said.\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption\nTouching on corporate security, Saylor mentioned DocuSign, which lets businesses and individuals send and sign agreements securely using the firm’s electronic signature product. But that makes mega corporations reliant on a proprietary database, Saylor noted.\n“Right now, enterprises have weak security compared to Bitcoin,” Saylor said, adding that innovations using the world\'s largest cryptocurrency could possibly “introduce a new level of security” available to firms “that doesn\'t exist right now.”\nSaylor’s comments come just a week after he described Ordinals as a “catalyst” for Bitcoin adoption on thePBD Podcast. Still, he acknowledges that Ordinals have been used for plenty of silly reasons.\n"The general consensus is criticize stuff that we think is silly, but don\'t censor it," he said on Thursday in Miami.\nSaylor didn\'t want to predict "which protocol will win,” but he said altering Bitcoin so that it censors certain uses would be wrong. It was a nod to the effort by a group of core Bitcoin developers, including Luke Dashjr, totreat Ordinals as "spam"and filter them out of transactions.\n“If somebody wants to change the protocol, in order to censor someone else from using Bitcoin, I don\'t think that\'s consistent with the values of the community,” Saylor said. “I do believe in rules without rulers.”', 'MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation.\nIn an interview at Bitcoin 2023 in Miami, Saylor exclusively toldDecryptthat the software firm is looking atOrdinalsand assessing its potential in terms of application development.\nOften used to create NFT-like assets on top of Bitcoin, Ordinalslaunched in January, and the protocol—while not embraced entirely by the Bitcoin community—has created a new wave of experimentation with crypto’s oldest coin.\nWhile Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price\nOne recent innovation in the space leveraging Ordinals is an experimental framework for building tokens on top of Bitcoin. It waspioneeredby the pseudonymous on-chain data enthusiast Domo in early March. And since then, thousands of other so-called BRC-20 tokens have been created.\nAll those transactions have been partly—or entirely, depending on who you ask—responsible for elevated transaction fees on Bitcoin. That’s been aboon for Bitcoin miners, who collecttransaction feesfor their role in securing the network. But lots of members of the community have complained that high fees make it harder forregular peopleto use BTC as the peer-to-peer electronic cash system thatSatoshi Nakamoto, the pseudonymous creator of Bitcoin, intended it to be.\nThe discussion surrounding Ordinals is important, Saylor said, because “Bitcoin miners have to be successful over the long term.” He added that the development of applications building on Bitcoin’s functionality could also bolster the coin’s overall adoption, among individuals, firms, and governments.\nSaylor didn’t specifically say what use cases MicroStrategy could be looking into that tap Ordinals, but he noted the ability to commit data to Bitcoin’s blockchain that isn’t solely related to transactions has many potential applications.\n“The whole idea of burning a piece of data on the blockchain opens the door to the possibility that I might burn a digital signature, or I might burn a registration, or I might burn a hash of a document,” Saylor said.\nMichael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption\nTouching on corporate security, Saylor mentioned DocuSign, which lets businesses and individuals send and sign agreements securely using the firm’s electronic signature product. But that makes mega corporations reliant on a proprietary database, Saylor noted.\n“Right now, enterprises have weak security compared to Bitcoin,” Saylor said, adding that innovations using the world\'s largest cryptocurrency could possibly “introduce a new level of security” available to firms “that doesn\'t exist right now.”\nSaylor’s comments come just a week after he described Ordinals as a “catalyst” for Bitcoin adoption on thePBD Podcast. Still, he acknowledges that Ordinals have been used for plenty of silly reasons.\n"The general consensus is criticize stuff that we think is silly, but don\'t censor it," he said on Thursday in Miami.\nSaylor didn\'t want to predict "which protocol will win,” but he said altering Bitcoin so that it censors certain uses would be wrong. It was a nod to the effort by a group of core Bitcoin developers, including Luke Dashjr, totreat Ordinals as "spam"and filter them out of transactions.\n“If somebody wants to change the protocol, in order to censor someone else from using Bitcoin, I don\'t think that\'s consistent with the values of the community,” Saylor said. “I do believe in rules without rulers.”', 'MicroStrategy co-founder and Executive Chairman Michael Saylor said the company isn’t just aware of Ordinals, it’s interested in how the protocol that’s set Bitcoin’s community abuzz could lead to software innovation. In an interview at Bitcoin 2023 in Miami, Saylor exclusively told Decrypt that the software firm is looking at Ordinals and assessing its potential in terms of application development. Often used to create NFT-like assets on top of Bitcoin, Ordinals launched in January , and the protocol—while not embraced entirely by the Bitcoin community—has created a new wave of experimentation with crypto’s oldest coin. While Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price One recent innovation in the space leveraging Ordinals is an experimental framework for building tokens on top of Bitcoin. It was pioneered by the pseudonymous on-chain data enthusiast Domo in early March. And since then, thousands of other so-called BRC-20 tokens have been created. All those transactions have been partly—or entirely, depending on who you ask—responsible for elevated transaction fees on Bitcoin. That’s been a boon for Bitcoin miners , who collect transaction fees for their role in securing the network. But lots of members of the community have complained that high fees make it harder for regular people to use BTC as the peer-to-peer electronic cash system that Satoshi Nakamoto , the pseudonymous creator of Bitcoin, intended it to be. The discussion surrounding Ordinals is important, Saylor said, because “Bitcoin miners have to be successful over the long term.” He added that the development of applications building on Bitcoin’s functionality could also bolster the coin’s overall adoption, among individuals, firms, and governments. Saylor didn’t specifically say what use cases MicroStrategy could be looking into that tap Ordinals, but he noted the ability to commit data to Bitcoin’s blockchain that isn’t solely related to transactions has many potential applications. Story continues “The whole idea of burning a piece of data on the blockchain opens the door to the possibility that I might burn a digital signature, or I might burn a registration, or I might burn a hash of a document,” Saylor said. Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption Touching on corporate security, Saylor mentioned DocuSign, which lets businesses and individuals send and sign agreements securely using the firm’s electronic signature product. But that makes mega corporations reliant on a proprietary database, Saylor noted. “Right now, enterprises have weak security compared to Bitcoin,” Saylor said, adding that innovations using the world\'s largest cryptocurrency could possibly “introduce a new level of security” available to firms “that doesn\'t exist right now.” Saylor’s comments come just a week after he described Ordinals as a “ catalyst ” for Bitcoin adoption on the PBD Podcast . Still, he acknowledges that Ordinals have been used for plenty of silly reasons. "The general consensus is criticize stuff that we think is silly, but don\'t censor it," he said on Thursday in Miami. Saylor didn\'t want to predict "which protocol will win,” but he said altering Bitcoin so that it censors certain uses would be wrong. It was a nod to the effort by a group of core Bitcoin developers, including Luke Dashjr, to treat Ordinals as "spam" and filter them out of transactions. “If somebody wants to change the protocol, in order to censor someone else from using Bitcoin, I don\'t think that\'s consistent with the values of the community,” Saylor said. “I do believe in rules without rulers.”', 'Good morning. Here’s what’s happening:\nPrices:Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.\nInsights:GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn\'t absolve it from the duties and liabilities inherent in traditional business operations.\nCoinDesk Market Index (CMI)\n1,161\n−15.9▼1.4%\nBitcoin (BTC)\n$26,910\n−470.2▼1.7%\nEthereum (ETH)\n$1,806\n−17.7▼1.0%\nS&P 500\n4,198.05\n+39.3▲0.9%\nGold\n$1,961\n−19.8▼1.0%\nNikkei 225\n30,573.93\n+480.3▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,161", "\\u221215.9\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,910", "\\u2212470.2\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,806", "\\u221217.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,198.05", "+39.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221219.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,573.93", "+480.3\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nRegulatory Certainty Brings Optimism\nGood morning Asia,\nBitcoin and ether are both in the red as the East Asia trading day begins. Bitcoin is down 1.9% to $26,882, while ether is down 0.89% to $1,805.\nA lot isweighing heavyon bitcoin, with macroeconomic uncertainty continuing to bother traders.\nButCoinglass datashows that traders in Asia remain optimistic towards the asset class. Right now, traders are mostly in long positions, with 53.62% long and 46% holding shorts.\nLiquidation data also favors the longs. Coinglass shows that $7.3 million in short positions were liquidated in the last four hours compared to $1.57 million in longs.\nTraders seem to be even more bullish on ether, as 90% of liquidations were shorts, at $3.36 million, versus $361,000 in longs.\nIt could be because the regulatory situation in Asia is a bit more clear than in the U.S. Singapore has a framework for regulating crypto. Imperfect as it is, it exists. Hong Kong willhave licensed crypto exchangesonline by mid-year. Even Taiwan, known as a financial hub, will have aframework in place sometime in 2023.\nRulebooks, even if they aren’t perfect, create certainty. It’s much better for business than making things up “on the fly.”\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\nGrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter.\nGrumpyCat is based on theGrumpyCat meme of yesteryear, while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors.\nThe team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money.\n“GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.”\nBut here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto (as well as other merchandise), according to the U.S. Patent Office.\nGrumpyCat LLC is making good on protecting its IP via a legal threat.Served on-chain, no less(which courts havegiven a green light to in New Yorkand inthe U.K). Pepe is also the property of someone that’s not the team behind the meme coin, and while they haven’t targeted the meme coin, they haveaggressively gone after its unauthorized use.\nMeme coins are fun, and they are drivingnearly a billion dollars in tradeon-chain, according to CoinGecko data. A debate about whether this is actual value is something for another time. The reality is that when projects get tohave market caps in the size of Pepe($673 million cap and $258 million in trading volume), trademarks and copyrights become real concerns.\nIt’s very likely that GrumpyCat’s team will just ignore the legal threat. But the law is catching up to crypto. We’re in an era now where there’s a legal precedent for the argument that DAOs and their founders have thesame sort of liability as general partnershipsand corporations.\nAfter all, somebody registered the domain name.\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Producer Price Index (MoM/April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/March)\n11:00 p.m. HKT/SGT(15:00 UTC)United States Fed\'s Chair Powell Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Back Above $27K Amid Optimism on Debt-Ceiling; MakerDAO Founder on Endgame Update\nBitcoin (BTC) was back above $27,000 after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis. Plus, MakerDAO founder Rune Christensen discussed plans to introduce a new stablecoin and governance token as part of the platform’s ongoing revamp. And, Endaoment CEO and President Robbie Heeger shared an update on charitable organizations willing to accept digital assets.\nBitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet:The Chinese rig maker\'s new model can deliver 320 TH/s, outperforming competitor Bitmain\'s equivalent machine lineup.\nCoinbase Cloud Joins Chainlink as Node Operator to Bolster Security:Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.\nLedger Continues to Defend Recovery System, Says It\'s Always \'Technically\' Possible to Extract Users\' Keys:"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said earlier in a now-deleted tweet.\nRipple Starts Platform for Central Banks to Issue Their CBDCs:The firm will also showcase a real estate tokenization product as part of the Hong Kong Monetary Authority\'s e-HKD pilot.\nLido Community Members Propose LDO Token Staking and Buyback Plan:The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”', 'Good morning. Here’s what’s happening: Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations. Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn\'t absolve it from the duties and liabilities inherent in traditional business operations. Prices CoinDesk Market Index (CMI) 1,161 −15.9 ▼ 1.4% Bitcoin (BTC) $26,910 −470.2 ▼ 1.7% Ethereum (ETH) $1,806 −17.7 ▼ 1.0% S&P 500 4,198.05 +39.3 ▲ 0.9% Gold $1,961 −19.8 ▼ 1.0% Nikkei 225 30,573.93 +480.3 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,161 −15.9 ▼ 1.4% Bitcoin (BTC) $26,910 −470.2 ▼ 1.7% Ethereum (ETH) $1,806 −17.7 ▼ 1.0% S&P 500 4,198.05 +39.3 ▲ 0.9% Gold $1,961 −19.8 ▼ 1.0% Nikkei 225 30,573.93 +480.3 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Regulatory Certainty Brings Optimism Good morning Asia, Bitcoin and ether are both in the red as the East Asia trading day begins. Bitcoin is down 1.9% to $26,882, while ether is down 0.89% to $1,805. A lot is weighing heavy on bitcoin, with macroeconomic uncertainty continuing to bother traders. But Coinglass data shows that traders in Asia remain optimistic towards the asset class. Right now, traders are mostly in long positions, with 53.62% long and 46% holding shorts. Liquidation data also favors the longs. Coinglass shows that $7.3 million in short positions were liquidated in the last four hours compared to $1.57 million in longs. Traders seem to be even more bullish on ether, as 90% of liquidations were shorts, at $3.36 million, versus $361,000 in longs. It could be because the regulatory situation in Asia is a bit more clear than in the U.S. Singapore has a framework for regulating crypto. Imperfect as it is, it exists. Hong Kong will have licensed crypto exchanges online by mid-year. Even Taiwan, known as a financial hub, will have a framework in place sometime in 2023 . Story continues Rulebooks, even if they aren’t perfect, create certainty. It’s much better for business than making things up “ on the fly .” Asset Ticker Returns DACS Sector XRP XRP +3.5% Currency Stellar XLM +0.1% Smart Contract Platform Insights GrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter. (Grumpycat.fyi) GrumpyCat is based on the GrumpyCat meme of yesteryear , while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors. The team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money. “GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.” But here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto (as well as other merchandise), according to the U.S. Patent Office. (United States Patent and Trademark Office) (United States Patent and Trademark Office) GrumpyCat LLC is making good on protecting its IP via a legal threat. Served on-chain, no less (which courts have given a green light to in New York and in the U.K ). Pepe is also the property of someone that’s not the team behind the meme coin, and while they haven’t targeted the meme coin, they have aggressively gone after its unauthorized use. Meme coins are fun, and they are driving nearly a billion dollars in trade on-chain, according to CoinGecko data. A debate about whether this is actual value is something for another time. The reality is that when projects get to have market caps in the size of Pepe ($673 million cap and $258 million in trading volume), trademarks and copyrights become real concerns. It’s very likely that GrumpyCat’s team will just ignore the legal threat. But the law is catching up to crypto. We’re in an era now where there’s a legal precedent for the argument that DAOs and their founders have the same sort of liability as general partnerships and corporations. After all, somebody registered the domain name. Important events. 2:00 p.m. HKT/SGT(6:00 UTC) Germany Producer Price Index (MoM/April) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Retail Sales (MoM/March) 11:00 p.m. HKT/SGT(15:00 UTC) United States Fed\'s Chair Powell Speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Back Above $27K Amid Optimism on Debt-Ceiling; MakerDAO Founder on Endgame Update Bitcoin (BTC) was back above $27,000 after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis. Plus, MakerDAO founder Rune Christensen discussed plans to introduce a new stablecoin and governance token as part of the platform’s ongoing revamp. And, Endaoment CEO and President Robbie Heeger shared an update on charitable organizations willing to accept digital assets. Headlines Bitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet : The Chinese rig maker\'s new model can deliver 320 TH/s, outperforming competitor Bitmain\'s equivalent machine lineup. Coinbase Cloud Joins Chainlink as Node Operator to Bolster Security : Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators. Ledger Continues to Defend Recovery System, Says It\'s Always \'Technically\' Possible to Extract Users\' Keys : "Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said earlier in a now-deleted tweet. Ripple Starts Platform for Central Banks to Issue Their CBDCs : The firm will also showcase a real estate tokenization product as part of the Hong Kong Monetary Authority\'s e-HKD pilot. Lido Community Members Propose LDO Token Staking and Buyback Plan : The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”', 'Good morning. Here’s what’s happening:\nPrices:Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.\nInsights:GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn\'t absolve it from the duties and liabilities inherent in traditional business operations.\nCoinDesk Market Index (CMI)\n1,161\n−15.9▼1.4%\nBitcoin (BTC)\n$26,910\n−470.2▼1.7%\nEthereum (ETH)\n$1,806\n−17.7▼1.0%\nS&P 500\n4,198.05\n+39.3▲0.9%\nGold\n$1,961\n−19.8▼1.0%\nNikkei 225\n30,573.93\n+480.3▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,161", "\\u221215.9\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,910", "\\u2212470.2\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,806", "\\u221217.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,198.05", "+39.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221219.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,573.93", "+480.3\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nRegulatory Certainty Brings Optimism\nGood morning Asia,\nBitcoin and ether are both in the red as the East Asia trading day begins. Bitcoin is down 1.9% to $26,882, while ether is down 0.89% to $1,805.\nA lot isweighing heavyon bitcoin, with macroeconomic uncertainty continuing to bother traders.\nButCoinglass datashows that traders in Asia remain optimistic towards the asset class. Right now, traders are mostly in long positions, with 53.62% long and 46% holding shorts.\nLiquidation data also favors the longs. Coinglass shows that $7.3 million in short positions were liquidated in the last four hours compared to $1.57 million in longs.\nTraders seem to be even more bullish on ether, as 90% of liquidations were shorts, at $3.36 million, versus $361,000 in longs.\nIt could be because the regulatory situation in Asia is a bit more clear than in the U.S. Singapore has a framework for regulating crypto. Imperfect as it is, it exists. Hong Kong willhave licensed crypto exchangesonline by mid-year. Even Taiwan, known as a financial hub, will have aframework in place sometime in 2023.\nRulebooks, even if they aren’t perfect, create certainty. It’s much better for business than making things up “on the fly.”\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\nGrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter.\nGrumpyCat is based on theGrumpyCat meme of yesteryear, while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors.\nThe team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money.\n“GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.”\nBut here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto (as well as other merchandise), according to the U.S. Patent Office.\nGrumpyCat LLC is making good on protecting its IP via a legal threat.Served on-chain, no less(which courts havegiven a green light to in New Yorkand inthe U.K). Pepe is also the property of someone that’s not the team behind the meme coin, and while they haven’t targeted the meme coin, they haveaggressively gone after its unauthorized use.\nMeme coins are fun, and they are drivingnearly a billion dollars in tradeon-chain, according to CoinGecko data. A debate about whether this is actual value is something for another time. The reality is that when projects get tohave market caps in the size of Pepe($673 million cap and $258 million in trading volume), trademarks and copyrights become real concerns.\nIt’s very likely that GrumpyCat’s team will just ignore the legal threat. But the law is catching up to crypto. We’re in an era now where there’s a legal precedent for the argument that DAOs and their founders have thesame sort of liability as general partnershipsand corporations.\nAfter all, somebody registered the domain name.\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Producer Price Index (MoM/April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/March)\n11:00 p.m. HKT/SGT(15:00 UTC)United States Fed\'s Chair Powell Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Back Above $27K Amid Optimism on Debt-Ceiling; MakerDAO Founder on Endgame Update\nBitcoin (BTC) was back above $27,000 after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis. Plus, MakerDAO founder Rune Christensen discussed plans to introduce a new stablecoin and governance token as part of the platform’s ongoing revamp. And, Endaoment CEO and President Robbie Heeger shared an update on charitable organizations willing to accept digital assets.\nBitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet:The Chinese rig maker\'s new model can deliver 320 TH/s, outperforming competitor Bitmain\'s equivalent machine lineup.\nCoinbase Cloud Joins Chainlink as Node Operator to Bolster Security:Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.\nLedger Continues to Defend Recovery System, Says It\'s Always \'Technically\' Possible to Extract Users\' Keys:"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said earlier in a now-deleted tweet.\nRipple Starts Platform for Central Banks to Issue Their CBDCs:The firm will also showcase a real estate tokenization product as part of the Hong Kong Monetary Authority\'s e-HKD pilot.\nLido Community Members Propose LDO Token Staking and Buyback Plan:The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”', "The Bitcoin 2023 conference, known as the largestBitcoingathering in the world, kicked off in Miami Beach this week with a noticeable decrease in attendees compared to previous years. While the event attracted around 35,000 participants in 2022, organizers expect only 15,000 attendees this year. The decline in digital asset prices and a series of cryptocurrency-related controversies have dampened the enthusiasm surrounding the conference, leaving some chairs empty and less buzz in the air.\nAttendees voiced their observations, noting the absence of the usual crowd and the subdued atmosphere. Andre Hicks, a regular attendee, attributed the decline to a decrease in disposable income for the average person, pointing to factors such as high inflation. Hicks emphasized that people prefer to participate in a conference where Bitcoin's price is rising rather than during a period of depressed prices. This year's event featured speakers like U.S. presidential candidate Robert F. Kennedy and author Michael Lewis, but the reduced attendance reflects the ongoing crypto winter affecting the industry.\nDespite the decline, the conference, organized by BTC Inc. and BTC Media, LLC, still offers a comprehensive program with over 180 talks covering various topics related to Bitcoin and cryptocurrency. As the crypto market continues to evolve, industry conferences like Bitcoin 2023 play a crucial role in fostering networking and real-life interactions among professionals in the digital asset space.", "The Bitcoin 2023 conference, known as the largestBitcoingathering in the world, kicked off in Miami Beach this week with a noticeable decrease in attendees compared to previous years. While the event attracted around 35,000 participants in 2022, organizers expect only 15,000 attendees this year. The decline in digital asset prices and a series of cryptocurrency-related controversies have dampened the enthusiasm surrounding the conference, leaving some chairs empty and less buzz in the air.\nAttendees voiced their observations, noting the absence of the usual crowd and the subdued atmosphere. Andre Hicks, a regular attendee, attributed the decline to a decrease in disposable income for the average person, pointing to factors such as high inflation. Hicks emphasized that people prefer to participate in a conference where Bitcoin's price is rising rather than during a period of depressed prices. This year's event featured speakers like U.S. presidential candidate Robert F. Kennedy and author Michael Lewis, but the reduced attendance reflects the ongoing crypto winter affecting the industry.\nDespite the decline, the conference, organized by BTC Inc. and BTC Media, LLC, still offers a comprehensive program with over 180 talks covering various topics related to Bitcoin and cryptocurrency. As the crypto market continues to evolve, industry conferences like Bitcoin 2023 play a crucial role in fostering networking and real-life interactions among professionals in the digital asset space.", "Bitcoin 2023 Conference Kicks Off in Miami Bitcoin 2023 Conference Kicks Off in Miami The Bitcoin 2023 conference, known as the largest Bitcoin gathering in the world, kicked off in Miami Beach this week with a noticeable decrease in attendees compared to previous years. While the event attracted around 35,000 participants in 2022, organizers expect only 15,000 attendees this year. The decline in digital asset prices and a series of cryptocurrency-related controversies have dampened the enthusiasm surrounding the conference, leaving some chairs empty and less buzz in the air. Attendees voiced their observations, noting the absence of the usual crowd and the subdued atmosphere. Andre Hicks, a regular attendee, attributed the decline to a decrease in disposable income for the average person, pointing to factors such as high inflation. Hicks emphasized that people prefer to participate in a conference where Bitcoin's price is rising rather than during a period of depressed prices. This year's event featured speakers like U.S. presidential candidate Robert F. Kennedy and author Michael Lewis, but the reduced attendance reflects the ongoing crypto winter affecting the industry. Despite the decline, the conference, organized by BTC Inc. and BTC Media, LLC, still offers a comprehensive program with over 180 talks covering various topics related to Bitcoin and cryptocurrency. As the crypto market continues to evolve, industry conferences like Bitcoin 2023 play a crucial role in fostering networking and real-life interactions among professionals in the digital asset space.", 'Digital Bitcoin Art and Assets (DIBA), a Tim Draper-backed NFT marketplace, has announced the launch of what it claims to be the first Bitcoin NFT marketplace leveraging RGB smart contracts. The platform aims to facilitate the migration of NFTs fromEthereumto Bitcoin more efficiently than Bitcoin Ordinals have done. DIBA\'s CEO, Gideon Nweze, sees this as a significant milestone in transitioning the internet onto Bitcoin, emphasizing the compatibility of the RGB protocol with the existing Bitcoin infrastructure.\nWhile acknowledging the robust interest in both Ordinal NFTs and BRC-20 tokens, Nweze expressed his skepticism towards these innovations. He referred to BRC-20 tokens as the "dumbest technical experiment in crypto," criticizing their inefficiency and lack of effectiveness when trying to force Ethereum functionalities onto Bitcoin. In contrast, DIBA aims to provide enhanced security, privacy, scalability, and reduced transaction fees by leveraging RGB smart contracts.\nDIBA\'s launch also includes the promotion of BitMask, a Bitcoin-only crypto wallet capable of holding unique digital assets (UDAs) like music and art. With the support of Draper Associates, DIBA seeks to bring Bitcoin utility to the masses and enable the exchange of UDAs. Additionally, Nweze believes that the adoption of smart contracts inheriting Bitcoin\'s properties could potentially be viewed favorably by regulators, as Bitcoin is not considered a security by the U.S. Securities and Exchange Commission (SEC).', 'Digital Bitcoin Art and Assets (DIBA), a Tim Draper-backed NFT marketplace, has announced the launch of what it claims to be the first Bitcoin NFT marketplace leveraging RGB smart contracts. The platform aims to facilitate the migration of NFTs fromEthereumto Bitcoin more efficiently than Bitcoin Ordinals have done. DIBA\'s CEO, Gideon Nweze, sees this as a significant milestone in transitioning the internet onto Bitcoin, emphasizing the compatibility of the RGB protocol with the existing Bitcoin infrastructure.\nWhile acknowledging the robust interest in both Ordinal NFTs and BRC-20 tokens, Nweze expressed his skepticism towards these innovations. He referred to BRC-20 tokens as the "dumbest technical experiment in crypto," criticizing their inefficiency and lack of effectiveness when trying to force Ethereum functionalities onto Bitcoin. In contrast, DIBA aims to provide enhanced security, privacy, scalability, and reduced transaction fees by leveraging RGB smart contracts.\nDIBA\'s launch also includes the promotion of BitMask, a Bitcoin-only crypto wallet capable of holding unique digital assets (UDAs) like music and art. With the support of Draper Associates, DIBA seeks to bring Bitcoin utility to the masses and enable the exchange of UDAs. Additionally, Nweze believes that the adoption of smart contracts inheriting Bitcoin\'s properties could potentially be viewed favorably by regulators, as Bitcoin is not considered a security by the U.S. Securities and Exchange Commission (SEC).', '(Bloomberg) -- Crypto investment firm Hashkey Group plans to raise funds at a valuation above $1 billion, taking advantage of Hong Kong’s digital asset push to try and entice potential investors. Most Read from Bloomberg McCarthy, Graves Signal Impasse in White House Debt Talks World’s Richest Man Loses $11 Billion After LVMH Stock Rout Xi Upends the Secretive World of $10,000-an-Hour China Experts Luxury Stocks Lose $30 Billion in One Day on Demand Fears World’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof Hashkey, which operates one of the city’s only two licensed digital coin bourses, is in early-stage talks to raise $100 million to $200 million, according to people familiar with the matter. The deal is progressing but terms such as size and valuation could change because they aren’t finalized, the people said, asking not to be identified discussing private negotiations. Representatives for Hashkey declined to comment. Hashkey — which operates in areas from venture funding to asset management and trading — is one of several locally based firms hoping to expand their customer base in a rapidly liberalizing environment. Hong Kong’s government is pushing the development of the digital-asset sector as part of a wider effort to restore the city’s credentials as a cutting-edge financial center. The city is on course to allow retail trading of major coins on licensed exchanges such as Hashkey, to try and boost the local economy while reversing a talent outflow after years of Covid-related curbs. Currently, Hashkey and BC Technology Group Co.’s OSL bourse are the only two with permits. Exchange leaders including OKX and Bitget have said they intend to apply for a license under Hong Kong’s new regulatory regime. Chinese state-run banks have courted crypto businesses this year, one of several signs that Beijing backs the city’s overall vision. That’s partly because the government views the financial center as a testing ground for longer-term policy, even while banning most forms of crypto-activity on the mainland. Story continues Hong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. That’s in contrast with the way regulators globally are grappling with how to handle the industry following last year’s market crash and a series of blowups, headlined by the spectacular bankruptcy of the FTX exchange. Hong Kong Monetary Authority Chief Executive Officer Eddie Yue has said the city will maintain an exacting regulatory regime. Hashkey started in 2018 as an early corporate investor in Ethereum, after founder and chairman Xiao Feng spun it off from Chinese cars-to-energy conglomerate Wanxiang Group. In April, Hashkey said its exchange will launch this quarter, with ZA Bank and Bank of Communications as settlement banks. Most Read from Bloomberg Businessweek The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son Maasai Are Getting Pushed Off Their Land So Dubai Royalty Can Shoot Lions Students Battle Hackers on the Cybersecurity Front Lines Apple’s New Headset Meets Reality Industrials Defy Deal Doldrums With Strategic Acquisitions ©2023 Bloomberg L.P.', '(Bloomberg) -- Crypto investment firm Hashkey Group plans to raise funds at a valuation above $1 billion, taking advantage of Hong Kong’s digital asset push to try and entice potential investors. Most Read from Bloomberg McCarthy, Graves Signal Impasse in White House Debt Talks World’s Richest Man Loses $11 Billion After LVMH Stock Rout Xi Upends the Secretive World of $10,000-an-Hour China Experts Luxury Stocks Lose $30 Billion in One Day on Demand Fears World’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof Hashkey, which operates one of the city’s only two licensed digital coin bourses, is in early-stage talks to raise $100 million to $200 million, according to people familiar with the matter. The deal is progressing but terms such as size and valuation could change because they aren’t finalized, the people said, asking not to be identified discussing private negotiations. Representatives for Hashkey declined to comment. Hashkey — which operates in areas from venture funding to asset management and trading — is one of several locally based firms hoping to expand their customer base in a rapidly liberalizing environment. Hong Kong’s government is pushing the development of the digital-asset sector as part of a wider effort to restore the city’s credentials as a cutting-edge financial center. The city is on course to allow retail trading of major coins on licensed exchanges such as Hashkey, to try and boost the local economy while reversing a talent outflow after years of Covid-related curbs. Currently, Hashkey and BC Technology Group Co.’s OSL bourse are the only two with permits. Exchange leaders including OKX and Bitget have said they intend to apply for a license under Hong Kong’s new regulatory regime. Chinese state-run banks have courted crypto businesses this year, one of several signs that Beijing backs the city’s overall vision. That’s partly because the government views the financial center as a testing ground for longer-term policy, even while banning most forms of crypto-activity on the mainland. Story continues Hong Kong starts a new licensing regime for virtual-asset service providers on June 1 and plans to let retail investors trade major tokens like Bitcoin and Ether. That’s in contrast with the way regulators globally are grappling with how to handle the industry following last year’s market crash and a series of blowups, headlined by the spectacular bankruptcy of the FTX exchange. Hong Kong Monetary Authority Chief Executive Officer Eddie Yue has said the city will maintain an exacting regulatory regime. Hashkey started in 2018 as an early corporate investor in Ethereum, after founder and chairman Xiao Feng spun it off from Chinese cars-to-energy conglomerate Wanxiang Group. In April, Hashkey said its exchange will launch this quarter, with ZA Bank and Bank of Communications as settlement banks. Most Read from Bloomberg Businessweek The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son Maasai Are Getting Pushed Off Their Land So Dubai Royalty Can Shoot Lions Students Battle Hackers on the Cybersecurity Front Lines Apple’s New Headset Meets Reality Industrials Defy Deal Doldrums With Strategic Acquisitions ©2023 Bloomberg L.P.', 'Bitcoin and Ether prices fell on Friday morning in Asia. After a bullish run, Litecoin joined most other top 10 non-stablecoin cryptocurrencies in recording losses. XRP was the sole winner. It recorded gains following the launch of its new central bank digital currency (CBDC) platform by its issuer Ripple. U.S. equity futures moved higher after a strong rally in regular trading Thursday. Positive earnings reports, debt ceiling talks both played a role.\nSee related article:Is Tether unmoored — or just dandy?\nBitcoin fell 1.97% to US$26,852.75 in the 24 hours to 7:45 a.m. Friday in Hong Kong, down 0.67% over the last seven days according toCoinMarketCapdata.\nThe dip back below the $27,000 threshold indicated a return to a bearish trend following gains Thursday. That trend should be short lived, however, said financial analyst Tone Vays during an interview.\n“I do believe that we have bottomed. We are now in a halving cycle which tends to have Bitcoin go up with less than one year to the halving event.”\nHalving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher.\n“We have had an extended bear market and it’s just time for Bitcoin to rise again,” Vays added.\nLike Bitcoin, Ether fell 0.92% to US$1,804.6. However, it posted gains of 0.29% for the week.\nXRP was the sole gainer among the top 10 non-stablecoin cryptocurrencies. It gained 2.68% to US$0.4607 while adding 9.13% in the last seven days.\nThose gains followed an announcement Thursday by Ripple Labs. The payment protocol and exchange network said it is launching a platform for a CBDC as part of Hong Kong’s inaugural e-HKD (electronic Hong Kong dollar) pilot program.\nThe Ripple platform will offer a “frictionless end-to-end solution for central banks, governments, and financial institutions to issue their own central bank digital currency,” according to a companypress release.\nRipple will partner with Taiwan-based Fubon Bank on the project.\nThe announcement followed further Ripple-related news earlier this week. On Wednesday, a U.S. federal judge denied a motion filed by the Securities and Exchange Commission (SEC) to prevent public access to the so-called Hinman document.\nThese internal documents relate to former SEC director William Hinman’s comments that Bitcoin and Ether are not financial securities.\xa0The decision is considered a win for Ripple Labs in its ongoing legal dispute with the SEC. The regulator accuses them of providing unregistered securities.\nElsewhere, most other top 10 non-stablecoin cryptocurrencies traded lower. Solana led the losers. It fell 3.4% to US$20.36, but was up 0.37% over the past seven days.\nLitecoin lost ground after a bullish week. It was down 3.37% to US$90.77.\nThe Bitcoin-like cryptocurrency had seen a surge in recent interest. This was mainly due to congestion and higher transaction fees on the Bitcoin network associated with the current popularity of ordinals. The Litecoin network has also now seen its ownsurgein ordinal inscriptions.\nOn the recent popularity of ordinals on the Bitcoin network in particular, Vays identified a solution to the operational issues it raises.\n“The Bitcoin main chain was not really designed for this kind of purpose,” he said. “Yes, the Bitcoin blockchain can be used for these kinds of projects. I just wish they were done on the Liquid sidechain.”\nThe layer 2 solution Liquid offers ways to incorporate ordinals and other initiatives on the Bitcoin blockchain without raising transactions fees, he added.\nThe total crypto market capitalization fell 1.44% in the past 24 hours to US$1.12 trillion. Total trading volume lost 6.46% to US$32.07 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token market, the Forkast 500 NFT index rose 0.1% to 3,387.40 p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,756,520,469 - Hash Rate: 369469365.7613961 - Transaction Count: 515474.0 - Unique Addresses: 664491.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The lending arm of crypto institutional brokerage Genesis and its associated debtors petitioned the court for a mediator on Monday, complicating abankruptcy casethat seemed to be well on its way to resolution two months earlier. More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home In the motion, lawyers for Genesis said that a mediator was needed to resolve “one of the most important issues in these Chapter 11 proceedings: the amount, form, timing, and other terms and conditions of DCG’s contribution to the Debtors’ reorganization plan.” Genesis reportedly owes its main creditors approximately $2.4 billion, according toa report from CoinDesk, out of the approximately $3.4 billion in liabilities the company cited in its bankruptcy filing. In February, Genesis’s main creditors and parent company, Digital Currency Group, which is run by crypto billionaire Barry Silbert, agreed toan initial restructuring plan. “More than two months after all parties agreed to a comprehensive settlement that was submitted by Genesis Capital to the Bankruptcy Court, a group of Genesis Capital’s creditors have reneged and raised all-new demands,” DCG said in a statement Tuesday morning. Genesis’s committee for unsecured creditors—the legal entity that represents hundreds of thousands who had funds stored on the lending arm for Genesis—did not immediately respond to a request for comment when contacted byFortune. As a slew of crypto companies declared bankruptcy over the past year, most infamouslythe exchange FTX, Genesis suddenly found itself in deep water. It laid off 30% of its staff, and its lending unit, Genesis Global Capital,suspended customer withdrawalsin November. This brought it into direct conflict with Gemini, a crypto exchange run by Cameron and Tyler Winklevoss, who are most famous for their role in the founding ofFacebook. Genesis and Gemini had previously partnered on a yield-bearing product, Gemini Earn. Customers using the product had funds stored in Genesis, which they suddenly couldn’t withdraw. In January, the lending arm of Genesis filed for bankruptcy, and Gemini became one of its main creditors. One month later, the bankruptcy case seemed to be on its way to being resolved, as main creditors for the lending arm agreed to sell off the bankrupt entities of Genesis, specifically its lending arm and crypto-trading business. The deal also included winding down the Genesis loan book as well as refinancing a $100 million loan in Bitcoin and a $500 million loan in cash that DCG borrowed from the struggling crypto brokerage. A spokesperson for Gemini did not immediately respond to a request for comment. This story was originally featured onFortune.com More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['May 19—A 76-year-old Oxford woman was scammed out of $30,000 last week by individuals claiming to be Microsoft customer service and an agent of the "Federal Government Fraud Department."\nAccording to an Oxford Police report, the woman was lured into the scheme when her laptop acted abnormally — frozen, screen flashing and making a loud noise. At the bottom of the screen was what appeared to be a Microsoft logo and a phone number attached to it. The woman told police she called the number and reached a man who claimed he could help her repair her computer.\nA short time later, she said she was contacted by another man claiming to be from the non-existent Federal Government Fraud Department. He told the woman that her bank account had two fraudulent deposits of $15,000 and $23,000, which he advised needed to be taken to the nearest Bitcoin Depot ATM, a machine that takes cash deposits and purchases the popular cryptocurrency Bitcoin before transferring it, untraceably, to an anonymous "digital wallet."\nThe woman withdrew $15,000 from her bank and deposited it at the Bitcoin Depot ATM at the Circle K at 11 N. College Ave. in Oxford.\nThe fake agent called her again the next day, advising her to take $23,000 out of her account this time and deposit it into the Bitcoin Depot ATM for safekeeping. The woman\'s unspecified bank only allowed her to withdraw another $15,000. The woman told police that she felt uncomfortable with making the ATM deposit, so she took it to her home. But, as time wore on, she decided to make the deposit again.\nIn total, the woman deposited $30,000 into the Bitcoin Depot ATM after being advised under false pretenses. She\'s working with her bank to see what options are available to her.\nThe Journal-News spoke with a customer service representative at Bitcoin Depot who said there\'s no way to trace where the purchased Bitcoin went. Though the representative had no knowledge of this exact case, she said the only action the company can take in cases of fraud is to deactivate the victim\'s account and flag the digital wallet of the recipient to make sure no more Bitcoin can be transferred to that wallet. They can, however, return the ATM fee to the victim.\nBitcoin Depot has more than 7,000 ATMs across the country, including 11 in Butler County. The customer service representative said fraud occurs daily.', 'May 19—A 76-year-old Oxford woman was scammed out of $30,000 last week by individuals claiming to be Microsoft customer service and an agent of the "Federal Government Fraud Department."\nAccording to an Oxford Police report, the woman was lured into the scheme when her laptop acted abnormally — frozen, screen flashing and making a loud noise. At the bottom of the screen was what appeared to be a Microsoft logo and a phone number attached to it. The woman told police she called the number and reached a man who claimed he could help her repair her computer.\nA short time later, she said she was contacted by another man claiming to be from the non-existent Federal Government Fraud Department. He told the woman that her bank account had two fraudulent deposits of $15,000 and $23,000, which he advised needed to be taken to the nearest Bitcoin Depot ATM, a machine that takes cash deposits and purchases the popular cryptocurrency Bitcoin before transferring it, untraceably, to an anonymous "digital wallet."\nThe woman withdrew $15,000 from her bank and deposited it at the Bitcoin Depot ATM at the Circle K at 11 N. College Ave. in Oxford.\nThe fake agent called her again the next day, advising her to take $23,000 out of her account this time and deposit it into the Bitcoin Depot ATM for safekeeping. The woman\'s unspecified bank only allowed her to withdraw another $15,000. The woman told police that she felt uncomfortable with making the ATM deposit, so she took it to her home. But, as time wore on, she decided to make the deposit again.\nIn total, the woman deposited $30,000 into the Bitcoin Depot ATM after being advised under false pretenses. She\'s working with her bank to see what options are available to her.\nThe Journal-News spoke with a customer service representative at Bitcoin Depot who said there\'s no way to trace where the purchased Bitcoin went. Though the representative had no knowledge of this exact case, she said the only action the company can take in cases of fraud is to deactivate the victim\'s account and flag the digital wallet of the recipient to make sure no more Bitcoin can be transferred to that wallet. They can, however, return the ATM fee to the victim.\nBitcoin Depot has more than 7,000 ATMs across the country, including 11 in Butler County. The customer service representative said fraud occurs daily.', 'Timothy A. Clary/Getty Images US stocks fell Friday after talks in Washington over raising the debt ceiling were paused. "We\'ve got to get movement by the White House and we don\'t have any movement yet," House Speaker Kevin McCarthy said. Stocks earlier this week hit a nine-month high on hopes a debt-limit deal was in reach soon. US stocks finished in the red Friday after negotiations in Washington over raising the US debt ceiling hit an impasse, flaring up worries the US may default on its debt for the first time ever. Republican House Speaker Kevin McCarthy said talks with the Biden administration had reached a standstill. "We\'ve got to get movement by the White House and we don\'t have any movement yet," McCarthy said at the Capitol, according to the Associated Press . "So, yeah, we\'ve got to pause." Stocks swung lower as investors previously expected negotiators to reach an agreement soon to increase the $31 trillion debt limit before a June 1 deadline. But the major indexes were still able to log weekly gains after the S&P 500 and the Nasdaq Composite earlier notched nine-month highs. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,191.98, down 0.14% Dow Jones Industrial Average : 33,426.63, down 0.33% (109.28 points) Nasdaq Composite : 12,657.90, down 0.24% Treasury Secretary Janet Yellen has warned the country could run out of cash to pay bills by early June. Jason Mountford, market trend analyst at Q.ai, told Insider in a note this week he doesn\'t foresee the US defaulting on its debt. Such an unprecedented event would "cause chaos on the markets," he said. Stocks "would sell off dramatically, and it wouldn\'t be beyond the realms of possibility to see the biggest one-day fall in history," he said. Meanwhile, "yields would skyrocket, as US debt would all of a sudden be perceived as much higher risk than it is currently." Elsewhere Friday, Federal Reserve Chair Jerome Powell said with credit conditions tightening, the central bank\'s policy rate "may not need to rise as much as it would have otherwise to achieve our goals." Story continues The prevailing Wall Street view is that the Fed will pause its rate-tightening efforts and cut rates at least twice during the second half of 2023, Sam Stovall, chief investment strategist at CFRA Research, told Insider. "However, as a result of still-sticky inflation, concern that the Fed is not quite done has been growing, as well as the possibility that the Fed won\'t start an easing cycle before 2024." Stovall said he sees the Fed taking its time in starting new rate reductions. Here\'s what else is happening today: Bank of America warned on mega-cap tech stocks, saying a "big asset bubble" in growth shares is building. The S&P 500 will crash 30% by December as spending slumps and banking problems mount, said markets guru Larry McDonald. WeWork short-sellers took in $440 million in profit as shares plunged 96% over the past year. "Rich Dad Poor Dad" author Robert Kiyosaki said investors should buy bitcoin and gold as the economy heads toward a crash landing. In commodities, bonds, and crypto: West Texas Intermediate crude fell 0.2% to trade at $71.68 per barrel. Brent crude, the international benchmark, lost 0.5% to $74.31. Gold picked up 0.9% to $1,977.50 per ounce. The 10-year Treasury yield rose 5 basis points to 3.70%. Bitcoin rose 0.4% to $28,846.40. Read the original article on Business Insider', '• US stocks fell Friday after talks in Washington over raising the debt ceiling were paused.\n• "We\'ve got to get movement by the White House and we don\'t have any movement yet," House Speaker Kevin McCarthy said.\n• Stocks earlier this week hit a nine-month high on hopes a debt-limit deal was in reach soon.\nUS stocks finished in the red Friday after negotiations in Washington over raising the US debt ceiling hit an impasse, flaring up worries the US may default on its debt for the first time ever.\nRepublican House Speaker Kevin McCarthy said talks with the Biden administration had reached a standstill.\n"We\'ve got to get movement by the White House and we don\'t have any movement yet," McCarthy said at the Capitol,according to the Associated Press. "So, yeah, we\'ve got to pause."\nStocks swung lower as investors previously expected negotiators to reach an agreement soon to increase the $31 trillion debt limit before a June 1 deadline. But the major indexes were still able to log weekly gains after the S&P 500 and the Nasdaq Composite earlier notched nine-month highs.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,191.98, down 0.14%\n• Dow Jones Industrial Average:33,426.63, down 0.33% (109.28 points)\n• Nasdaq Composite:12,657.90, down 0.24%\nTreasury Secretary Janet Yellen has warned the country could run out of cash to pay bills by early June.\nJason Mountford, market trend analyst at Q.ai, told Insider in a note this week he doesn\'t foresee the US defaulting on its debt. Such an unprecedented event would "cause chaos on the markets," he said.\nStocks "would sell off dramatically, and it wouldn\'t be beyond the realms of possibility to see the biggest one-day fall in history," he said. Meanwhile, "yields would skyrocket, as US debt would all of a sudden be perceived as much higher risk than it is currently."\nElsewhere Friday,Federal Reserve Chair Jerome Powellsaid with credit conditions tightening, the central bank\'s policy rate "may not need to rise as much as it would have otherwise to achieve our goals."\nThe prevailing Wall Street view is that the Fed will pause its rate-tightening efforts and cut rates at least twice during the second half of 2023, Sam Stovall, chief investment strategist at CFRA Research, told Insider.\n"However, as a result of still-sticky inflation, concern that the Fed is not quite done has been growing, as well as the possibility that the Fed won\'t start an easing cycle before 2024."\nStovall said he sees the Fed taking its time in starting new rate reductions.\nHere\'s what else is happening today:\n• Bank of America warned onmega-cap tech stocks,saying a "big asset bubble" in growth shares is building.\n• TheS&P 500 will crash 30%by December as spending slumps and banking problems mount, said markets guru Larry McDonald.\n• WeWork short-sellerstook in $440 million in profit as shares plunged 96% over the past year.\n• "Rich Dad Poor Dad" author Robert Kiyosakisaid investors should buy bitcoin and gold as the economy heads toward a crash landing.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate crudefell 0.2% to trade at $71.68 per barrel.Brent crude,the international benchmark, lost 0.5% to $74.31.\n• Goldpicked up 0.9% to $1,977.50 per ounce.\n• The10-year Treasury yieldrose 5 basis points to 3.70%.\n• Bitcoinrose 0.4% to $28,846.40.\nRead the original article onBusiness Insider', "Tejay Fletcher, who founded the iSpoof website, was jailed for 13 years and four months - PA Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a \x93bright young man\x94 living in a lush flat in London has been unmasked as the mastermind behind so many of these calls. Tejay Fletcher\x92s trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate \x93fraud on an industrial scale\x94, scamming victims out of £100m of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK. The website allowed criminals to disguise their phone numbers in a process known as \x93spoofing\x94 and trick unsuspecting people to believe they were being called by their bank or other institutions. Fletcher\x92s luxury lifestyle When police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex. A Lamborghini Urus worth £230,000 were among the riches owned by Tejay Fletcher - Metropolitan Police/PA There was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake. It was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer. The son of a single mother who \x93simply was unable to cope\x94, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard. In 2020, he co-founded iSpoof.cc, which he built into what he called \x93the most sophisticated client spoofing platform available\x94, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank\x92s fraud department. After he earned nearly £2m in profits, police finally caught him and brought down the site. His website was used for a large proportion of fraudulent activity in the UK \x96 but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned. Story continues How victims were scammed The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 \x96 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK \x96 many of them elderly \x96 lost £43m, while global losses exceeded £100m. For a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month. The website iSpoof facilitated 10 million fraudulent calls, the police estimate - Metropolitan Police/PA Users could only pay via Bitcoin \x96 a currency favoured by many criminals because it is more difficult to trace payments . Often, victims would get an automated call prompting them to confirm a transaction on an account. The website allowed them to intercept one-time passwords, which were \x93ironically\x94 introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting. iSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call. Users could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones. Scammers could control what the automated call would say to recipients and access tools such as voice recognition. As part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their \x93tracks were covered\x94. Typically, scammers would already have some bank details about their victims, often obtained through the use of smishing \x96 bulk fake texts sent to people \x96 or purchased elsewhere online. The Telegram channel iSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said. The Telegram channel also displayed advertisements from companies selling bank details. Fletcher would use it to conduct \x93market research\x94, running polls to find out which features users wanted most. Other posts \x93encouraged\x94 scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a \x93Happy New Year\x94, writing: \x93All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].\x94 Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the \x93building blocks\x94 of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed. His lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder \x93fell out\x94 and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for \x93not working hard enough\x94, the prosecution said. When Fletcher assumed control of iSpoof, the profits received had a \x93meteoric rise\x94 from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m. How police cracked the case Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the \x93lion\x92s share\x94 of the profits were going to Fletcher. They obtained a copy of the website\x92s server, which revealed call logs that further incriminated Fletcher and the scammers using his website. Helen Rance, of the Metropolitan Police Cyber Crime Unit, speaking outside Southwark Crown Court, London, after Tejay Fletcher's jail sentence - James Manning/PA It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said. After his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea. According to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the \x93misery\x94 he had caused. He suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said. Describing him as an \x93extremely bright young man\x94, his lawyer, Simon Baker KC, said: \x93It is extremely unfortunate that intellect was not channelled into gainful activities.\x94 Fletcher, who recently became a father, regularly donated some of his wealth to CYL, a charity, for projects to help young men with mental health issues, his lawyer said. Before his arrest, he had been looking at setting up a business to provide buses for the charity, and had secured a drama school place before his arrest. His lawyer said this underscored the potential for his rehabilitation. Brought to justice Although Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London. Chris Ainsley, head of fraud risk management at Santander UK, said it was \x93great to see criminals who carry out these scams brought to justice\x94, but warned: \x93The risk posed by fraud and scams remains ever-present. \x93We continue to see thousands of cases where scammers impersonate official bodies, like a bank, the police or HMRC, spoofing phone numbers to convince and pressure the victims into acting.\x94 Jim Winters, director of economic crime at Nationwide, said iSpoof drove a \x93significant percentage of fraudulent activity\x94 that banks were seeing at the time, and said banks now have more anti-spoofing controls. He said most banks are now signed up to an anti-fraud list held by telecoms regulator Ofcom, known as the \x93do not originate\x94 list, which records telephone numbers used by genuine firms or government departments to receive calls, but are never used for outbound calls. The list is shared with telecom providers and their intermediaries to help them identify and block scam calls. These numbers \x96 such as those found on the back of bank cards or listed as fraud helplines on a bank\x92s website \x96 are most at risk of being spoofed. However, some banks have failed to include all relevant numbers on the regulator\x92s list, according to an investigation by Which?, the consumer group, last November. Signing up to this list is not mandatory and Ofcom does not publish who is and is not on it, citing security reasons. What\x92s more, adding a number to the list does not guarantee that all calls will be blocked, according to Ofcom. Not all telephone providers apply this list to their calls, and for those that do, technical limitations mean some calls could still sneak through. Mr Winters said more companies, not just banks, needed to be added on to this list. Social media companies like Telegram are also not held responsible for hosting content from scamming websites like iSpoof, according to sources in the banking industry, who want to see them bear more responsibility. Despite their best efforts, Mr Winters said it would be unfair to lumber all police departments with the entire responsibility of policing fraud. Police spend just 2pc of their funding on fraud despite it representing 40pc of all crime, Which? found earlier this year. Mr Winters said it was welcome that police were going after \x93kingpins\x94 like Fletcher, who are behind such a large volume of these calls. But Steve Goddard, a fraud expert at Featurespace, said number spoofing scams are still common, with criminals creating new versions of iSpoof. He said: \x93It\x92s like a hydra: you chop one head off and two more will grow back.\x94 Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month, then enjoy 1 year for just $9 with our US-exclusive offer.", "Tejay Fletcher, who founded the iSpoof website, was jailed for 13 years and four months - PA Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a \x93bright young man\x94 living in a lush flat in London has been unmasked as the mastermind behind so many of these calls. Tejay Fletcher\x92s trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate \x93fraud on an industrial scale\x94, scamming victims out of £100m of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK. The website allowed criminals to disguise their phone numbers in a process known as \x93spoofing\x94 and trick unsuspecting people to believe they were being called by their bank or other institutions. Fletcher\x92s luxury lifestyle When police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex. A Lamborghini Urus worth £230,000 were among the riches owned by Tejay Fletcher - Metropolitan Police/PA There was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake. It was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer. The son of a single mother who \x93simply was unable to cope\x94, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard. In 2020, he co-founded iSpoof.cc, which he built into what he called \x93the most sophisticated client spoofing platform available\x94, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank\x92s fraud department. After he earned nearly £2m in profits, police finally caught him and brought down the site. His website was used for a large proportion of fraudulent activity in the UK \x96 but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned. Story continues How victims were scammed The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 \x96 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK \x96 many of them elderly \x96 lost £43m, while global losses exceeded £100m. For a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month. The website iSpoof facilitated 10 million fraudulent calls, the police estimate - Metropolitan Police/PA Users could only pay via Bitcoin \x96 a currency favoured by many criminals because it is more difficult to trace payments . Often, victims would get an automated call prompting them to confirm a transaction on an account. The website allowed them to intercept one-time passwords, which were \x93ironically\x94 introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting. iSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call. Users could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones. Scammers could control what the automated call would say to recipients and access tools such as voice recognition. As part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their \x93tracks were covered\x94. Typically, scammers would already have some bank details about their victims, often obtained through the use of smishing \x96 bulk fake texts sent to people \x96 or purchased elsewhere online. The Telegram channel iSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said. The Telegram channel also displayed advertisements from companies selling bank details. Fletcher would use it to conduct \x93market research\x94, running polls to find out which features users wanted most. Other posts \x93encouraged\x94 scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a \x93Happy New Year\x94, writing: \x93All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].\x94 Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the \x93building blocks\x94 of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed. His lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder \x93fell out\x94 and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for \x93not working hard enough\x94, the prosecution said. When Fletcher assumed control of iSpoof, the profits received had a \x93meteoric rise\x94 from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m. How police cracked the case Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the \x93lion\x92s share\x94 of the profits were going to Fletcher. They obtained a copy of the website\x92s server, which revealed call logs that further incriminated Fletcher and the scammers using his website. Helen Rance, of the Metropolitan Police Cyber Crime Unit, speaking outside Southwark Crown Court, London, after Tejay Fletcher's jail sentence - James Manning/PA It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said. After his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea. According to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the \x93misery\x94 he had caused. He suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said. Describing him as an \x93extremely bright young man\x94, his lawyer, Simon Baker KC, said: \x93It is extremely unfortunate that intellect was not channelled into gainful activities.\x94 Fletcher, who recently became a father, regularly donated some of his wealth to CYL, a charity, for projects to help young men with mental health issues, his lawyer said. Before his arrest, he had been looking at setting up a business to provide buses for the charity, and had secured a drama school place before his arrest. His lawyer said this underscored the potential for his rehabilitation. Brought to justice Although Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London. Chris Ainsley, head of fraud risk management at Santander UK, said it was \x93great to see criminals who carry out these scams brought to justice\x94, but warned: \x93The risk posed by fraud and scams remains ever-present. \x93We continue to see thousands of cases where scammers impersonate official bodies, like a bank, the police or HMRC, spoofing phone numbers to convince and pressure the victims into acting.\x94 Jim Winters, director of economic crime at Nationwide, said iSpoof drove a \x93significant percentage of fraudulent activity\x94 that banks were seeing at the time, and said banks now have more anti-spoofing controls. He said most banks are now signed up to an anti-fraud list held by telecoms regulator Ofcom, known as the \x93do not originate\x94 list, which records telephone numbers used by genuine firms or government departments to receive calls, but are never used for outbound calls. The list is shared with telecom providers and their intermediaries to help them identify and block scam calls. These numbers \x96 such as those found on the back of bank cards or listed as fraud helplines on a bank\x92s website \x96 are most at risk of being spoofed. However, some banks have failed to include all relevant numbers on the regulator\x92s list, according to an investigation by Which?, the consumer group, last November. Signing up to this list is not mandatory and Ofcom does not publish who is and is not on it, citing security reasons. What\x92s more, adding a number to the list does not guarantee that all calls will be blocked, according to Ofcom. Not all telephone providers apply this list to their calls, and for those that do, technical limitations mean some calls could still sneak through. Mr Winters said more companies, not just banks, needed to be added on to this list. Social media companies like Telegram are also not held responsible for hosting content from scamming websites like iSpoof, according to sources in the banking industry, who want to see them bear more responsibility. Despite their best efforts, Mr Winters said it would be unfair to lumber all police departments with the entire responsibility of policing fraud. Police spend just 2pc of their funding on fraud despite it representing 40pc of all crime, Which? found earlier this year. Mr Winters said it was welcome that police were going after \x93kingpins\x94 like Fletcher, who are behind such a large volume of these calls. But Steve Goddard, a fraud expert at Featurespace, said number spoofing scams are still common, with criminals creating new versions of iSpoof. He said: \x93It\x92s like a hydra: you chop one head off and two more will grow back.\x94", 'Millions of people get phone calls from scammers and wonder who is at the other end.\nNow we know: rather than someone in a call centre far away, a “bright young man” living in a lush flat in London has been unmasked as the mastermind behind so many of these calls.\nTejay Fletcher’s trialexposed how criminals with a simple website bypassed police, phone operators and banks to facilitate “fraud on an industrial scale”, scamming victims out of £100m of their hard earned cash.\nFletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK.\nThe website allowed criminals to disguise their phone numbers in a process known as “spoofing” and trick unsuspecting people to believe they were being called by their bank or other institutions.\nWhen police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex.\nThere was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake.\nIt was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer.\nThe son of a single mother who “simply was unable to cope”, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard.\nIn 2020, he co-founded iSpoof.cc, which he built into what he called “the most sophisticated client spoofing platform available”, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank’s fraud department.\nAfter he earned nearly £2m in profits, police finally caught him and brought down the site.\nHis website was used for a large proportion offraudulent activity in the UK– but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned.\nThe number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site.\nMore than 10 million fraudulent calls were made using iSpoof in the year to August 2022 – 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK – many of them elderly – lost £43m, while global losses exceeded £100m.\nFor a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month.\nUsers could only pay viaBitcoin– a currency favoured by many criminals because it is moredifficult to trace payments.\nOften, victims would get an automated call prompting them to confirm a transaction on an account.\nThe website allowed them to intercept one-time passwords, which were “ironically” introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting.\niSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call.\nUsers could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones.\nScammers could control what the automated call would say to recipients and access tools such as voice recognition.\nAs part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their “tracks were covered”.\nTypically, scammers would already have some bank details about their victims, often obtained through the use of smishing – bulk fake texts sent to people – or purchased elsewhere online.\niSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said.\nThe Telegram channel also displayed advertisements from companies selling bank details.\nFletcher would use it to conduct “market research”, running polls to find out which features users wanted most.\nOther posts “encouraged” scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a “Happy New Year”, writing: “All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].”\nFletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the “building blocks” of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed.\nHis lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder “fell out” and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for “not working hard enough”, the prosecution said.\nWhen Fletcher assumed control of iSpoof, the profits received had a “meteoric rise” from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m.\nPosing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the “lion’s share” of the profits were going to Fletcher.\nThey obtained a copy of the website’s server, which revealed call logs that further incriminated Fletcher and the scammers using his website.\nIt turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said.\nAfter his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea.\nAccording to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the “misery” he had caused.\nHe suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said.\nDescribing him as an “extremely bright young man”, his lawyer, Simon Baker KC, said: “It is extremely unfortunate that intellect was not channelled into gainful activities.”\nFletcher, who recently became a father, regularly donated some of his wealth to CYL, a charity, for projects to help young men with mental health issues, his lawyer said.\nBefore his arrest, he had been looking at setting up a business to provide buses for the charity, and had secured a drama school place before his arrest. His lawyer said this underscored the potential for his rehabilitation.\nAlthough Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London.\nChris Ainsley, head of fraud risk management at Santander UK, said it was “great to see criminals who carry out these scams brought to justice”, but warned: “The risk posed by fraud and scams remains ever-present.\n“We continue to see thousands of cases where scammers impersonate official bodies, like a bank, the police or HMRC, spoofing phone numbers to convince and pressure the victims into acting.”\nJim Winters, director of economic crime at Nationwide, said iSpoof drove a “significant percentage of fraudulent activity” that banks were seeing at the time, and said banks now have more anti-spoofing controls.\nHe said most banks are now signed up to an anti-fraud list held by telecoms regulator Ofcom, known as the “do not originate” list, which records telephone numbers used by genuine firms or government departments to receive calls, but are never used for outbound calls. The list is shared with telecom providers and their intermediaries to help them identify and block scam calls.\nThese numbers – such as those found on the back of bank cards or listed as fraud helplines on a bank’s website – are most at risk of being spoofed. However,some banks have failed to include all relevant numberson the regulator’s list, according to an investigation by Which?, the consumer group, last November.\nSigning up to this list is not mandatory andOfcomdoes not publish who is and is not on it, citing security reasons.\nWhat’s more, adding a number to the list does not guarantee that all calls will be blocked, according to Ofcom. Not all telephone providers apply this list to their calls, and for those that do, technical limitations mean some calls could still sneak through.\nMr Winters said more companies, not just banks, needed to be added on to this list.\nSocial media companies like Telegram are also not held responsible for hosting content from scamming websites like iSpoof, according to sources in the banking industry, who want to see them bear more responsibility.\nDespite their best efforts, Mr Winters said it would be unfair to lumber all police departments with the entire responsibility of policing fraud.Police spend just 2pc of their funding on frauddespite it representing 40pc of all crime, Which? found earlier this year.\nMr Winters said it was welcome that police were going after “kingpins” like Fletcher, who are behind such a large volume of these calls.\nBut Steve Goddard, a fraud expert at Featurespace, said number spoofing scams are still common, with criminals creating new versions of iSpoof.\nHe said: “It’s like a hydra: you chop one head off and two more will grow back.”', "Tejay Fletcher, who founded the iSpoof website, was jailed for 13 years and four months - PA Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a \x93bright young man\x94 living in a lush flat in London has been unmasked as the mastermind behind so many of these calls. Tejay Fletcher\x92s trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate \x93fraud on an industrial scale\x94, scamming victims out of £100m of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK. The website allowed criminals to disguise their phone numbers in a process known as \x93spoofing\x94 and trick unsuspecting people to believe they were being called by their bank or other institutions. Fletcher\x92s luxury lifestyle When police arrested Fletcher and raided his home, a rented east London apartment with views of the Royal Victoria Dock and the City skyline, they found riches including a £230,000 Lamborghini, two Range Rovers worth £120,000 and an £11,000 Rolex. A Lamborghini Urus worth £230,000 were among the riches owned by Tejay Fletcher - Metropolitan Police/PA There was also a money counter, jewellery, and an Audemars Piguet watch which appeared to be fake. It was a far cry from the early years of his life, which he spent in a succession of foster homes, according to his lawyer. The son of a single mother who \x93simply was unable to cope\x94, his pathway to criminality was lined with stolen cars and the consumption of cannabis, Southwark Crown Court heard. In 2020, he co-founded iSpoof.cc, which he built into what he called \x93the most sophisticated client spoofing platform available\x94, allowing scammers to change the number or identity displayed when they made calls so they appeared to be calling from a trusted organisation, often a bank or a bank\x92s fraud department. After he earned nearly £2m in profits, police finally caught him and brought down the site. His website was used for a large proportion of fraudulent activity in the UK \x96 but copycats have since taken its place, and others are still falling victim to these types of scams, experts have warned. Story continues How victims were scammed The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 \x96 3.5 million of them in the UK, the prosecution said.\xa0 More than 200,000 victims in the UK \x96 many of them elderly \x96 lost £43m, while global losses exceeded £100m. For a basic subscription fee of £150 a month, users got a set number of minutes to make automated bot calls using the website or app version. They could then pay extra for additional features, leading to packages worth hundreds, even thousands of pounds a month. The website iSpoof facilitated 10 million fraudulent calls, the police estimate - Metropolitan Police/PA Users could only pay via Bitcoin \x96 a currency favoured by many criminals because it is more difficult to trace payments . Often, victims would get an automated call prompting them to confirm a transaction on an account. The website allowed them to intercept one-time passwords, which were \x93ironically\x94 introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting. iSpoof offered scammers extra features that allowed victims to type in a telephone pincode after being prompted to do so by an automated call. Users could also pay for the ability to monitor calls live, or place calls pretending to be from an establishment that had old card details on file and wanted new ones. Scammers could control what the automated call would say to recipients and access tools such as voice recognition. As part of its marketing, iSpoof promised users security and anonymity. They were told call logs and IP addresses were not stored, so their \x93tracks were covered\x94. Typically, scammers would already have some bank details about their victims, often obtained through the use of smishing \x96 bulk fake texts sent to people \x96 or purchased elsewhere online. The Telegram channel iSpoof had a channel on Telegram, a social media platform, which it used to communicate with its customers and promote itself, the prosecution said. The Telegram channel also displayed advertisements from companies selling bank details. Fletcher would use it to conduct \x93market research\x94, running polls to find out which features users wanted most. Other posts \x93encouraged\x94 scammers to defraud people, the prosecution said. In a post in January 2022, Fletcher wished customers a \x93Happy New Year\x94, writing: \x93All back to work, back to getting that bag. Make this year special, stack those Satoshis [a reference to the supposed inventor of Bitcoin].\x94 Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the \x93building blocks\x94 of the site. A programmer even warned him that she believed what he was asking her to do was illegal and could land her in jail, messages seen by prosecutors revealed. His lawyer said he had initially set out to create a simple website, but his co-founder suggested ways the technology could be made more sophisticated, which spurred him on. In 2021, he and his co-founder \x93fell out\x94 and Fletcher ousted him, replacing him with three other administrators that he appeared to be supervising.\xa0In one post, Fletcher was seen chastising another administrator for \x93not working hard enough\x94, the prosecution said. When Fletcher assumed control of iSpoof, the profits received had a \x93meteoric rise\x94 from 5 Bitcoin to 117, prosecutors said. Fletcher received 64.38 Bitcoin, worth just short of £2m. How police cracked the case Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the \x93lion\x92s share\x94 of the profits were going to Fletcher. They obtained a copy of the website\x92s server, which revealed call logs that further incriminated Fletcher and the scammers using his website. Helen Rance, of the Metropolitan Police Cyber Crime Unit, speaking outside Southwark Crown Court, London, after Tejay Fletcher's jail sentence - James Manning/PA It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said. After his arrest in 2019, he initially pleaded not guilty. After seeing the evidence against him he changed his plea. According to his lawyers, Fletcher wanted his victims to know he was genuinely sorry for the \x93misery\x94 he had caused. He suffered, and continues to suffer from anxiety and depression, which he sought counselling for prior to his arrest, his lawyer said. Describing him as an \x93extremely bright young man\x94, his lawyer, Simon Baker KC, said: \x93It is extremely unfortunate that intellect was not ch Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $524,218,792,969 - Hash Rate: 322669912.76495266 - Transaction Count: 423736.0 - Unique Addresses: 559902.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether prices fell on Friday morning in Asia. After a bullish run, Litecoin joined most other top 10 non-stablecoin cryptocurrencies in recording losses. XRP was the sole winner. It recorded gains following the launch of its new central bank digital currency (CBDC) platform by its issuer Ripple. U.S. equity futures moved higher after a strong rally in regular trading Thursday. Positive earnings reports, debt ceiling talks both played a role. See related article: Is Tether unmoored or just dandy? XRP makes standout gain Bitcoin fell 1.97% to US$26,852.75 in the 24 hours to 7:45 a.m. Friday in Hong Kong, down 0.67% over the last seven days according to CoinMarketCap data. The dip back below the $27,000 threshold indicated a return to a bearish trend following gains Thursday. That trend should be short lived, however, said financial analyst Tone Vays during an interview. I do believe that we have bottomed. We are now in a halving cycle which tends to have Bitcoin go up with less than one year to the halving event. Halving refers to a pre-programmed reduction of the rate at which new tokens are created, which reduces supply and can drive prices higher. We have had an extended bear market and its just time for Bitcoin to rise again, Vays added. Like Bitcoin, Ether fell 0.92% to US$1,804.6. However, it posted gains of 0.29% for the week. XRP was the sole gainer among the top 10 non-stablecoin cryptocurrencies. It gained 2.68% to US$0.4607 while adding 9.13% in the last seven days. Those gains followed an announcement Thursday by Ripple Labs. The payment protocol and exchange network said it is launching a platform for a CBDC as part of Hong Kongs inaugural e-HKD (electronic Hong Kong dollar) pilot program. The Ripple platform will offer a frictionless end-to-end solution for central banks, governments, and financial institutions to issue their own central bank digital currency, according to a company press release . Story continues Ripple will partner with Taiwan-based Fubon Bank on the project. The announcement followed further Ripple-related news earlier this week. On Wednesday, a U.S. federal judge denied a motion filed by the Securities and Exchange Commission (SEC) to prevent public access to the so-called Hinman document. These internal documents relate to former SEC director William Hinmans comments that Bitcoin and Ether are not financial securities. The decision is considered a win for Ripple Labs in its ongoing legal dispute with the SEC. The regulator accuses them of providing unregistered securities. Elsewhere, most other top 10 non-stablecoin cryptocurrencies traded lower. Solana led the losers. It fell 3.4% to US$20.36, but was up 0.37% over the past seven days. Litecoin lost ground after a bullish week. It was down 3.37% to US$90.77. The Bitcoin-like cryptocurrency had seen a surge in recent interest. This was mainly due to congestion and higher transaction fees on the Bitcoin network associated with the current popularity of ordinals. The Litecoin network has also now seen its own surge in ordinal inscriptions. On the recent popularity of ordinals on the Bitcoin network in particular, Vays identified a solution to the operational issues it raises. The Bitcoin main chain was not really designed for this kind of purpose, he said. Yes, the Bitcoin blockchain can be used for these kinds of projects. I just wish they were done on the Liquid sidechain. The layer 2 solution Liquid offers ways to incorporate ordinals and other initiatives on the Bitcoin blockchain without raising transactions fees, he added. The total crypto market capitalization fell 1.44% in the past 24 hours to US$1.12 trillion. Total trading volume lost 6.46% to US$32.07 billion. Space Pepe NFTs soar 28270% The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token market, the Forkast 500 NFT index rose 0.1% to 3,387.40 points in the 24 hours to 9:30 a.m. in Hong Kong. It was up 0.1% over the last seven days. Daily NFT sales on Ethereum, the leading blockchain for NFTs, fell 17.31% to US$14.4 million. Sales on the Bitcoin blockchain also lost 11.45% according to CryptoSlam! data to US$6.9 million. Space Pepes, a Bitcoin NFT collection based on the Pepe the Frog meme, skyrocketed 28270% to US$7.3 million in the last 24 hours leading up to 11:30 a.m. in Hong Kong. The collection topped Cryptoslams NFT collection ranking by sales volume. Uncategorized Ordinals Cryptoslams category of Bitcoin Ordinals that are not part of one established collection rose 140.12% to US$1.9 million over the past 24 hours. The Mythos blockchain-based DMarket NFT collection ranked second. DMarket consists of online gaming NFTs traded on the game-item marketplace of the same name. It was acquired by blockchain game maker Mythical Games in January this year. In individual NFT sales, Bored Ape Yacht Clubs #5042 registered the highest price. It sold for US$172,135. U.S. equities rally; hawkish noises from the Fed Federal Reserve Chairman Jerome Powell \| Image: Getty Images U.S. stock futures traded higher as of 10:45 a.m. in Hong Kong, adding momentum to Thursdays rally. The Dow Jones Industrial Average futures edged up 0.074%, while the S&P 500 futures gained 0.17%. The Nasdaq Composite futures added 0.28% after it gained 1.51% during market trading on Thursday. The three Wall Street stock indexes rose after U.S. House of Representatives Speaker Kevin McCarthy said a bill to raise the countrys debt ceiling could be put to a vote next week. The comments followed positive talks with U.S. President Joe Biden, easing investor concerns that the U.S. could default on its debt. That scenario, which would have major repercussions for U.S. and global markets, can be avoided if the White House and congress can agree to raise the debt ceiling. Biden and McCarthy have been actively discussing a solution to the ongoing standoff throughout this week.Biden too has expressed optimism that an agreement can be reached. Democratic negotiators informed the president Friday that they are making steady progress on debt ceiling talks ahead of his attendance in Japan for the weekends Group of Seven summit. Treasury Secretary Janet Yellen warned earlier this month that the U.S. will start to fail to make its debt payments as early as June 1. Yellen called for fast action on raising the debt ceiling, as she said a debt default would devastate jobs and businesses in the country. On the relationship between the crisis and crypto markets, Clara Medalie, Head of Research at crypto market data provider Kaiko, told Forkast via email that there was so far little sign of any impact based on recent price movements.This is in large part because the event hasnt yet played out and there remains hope that a deal will be reached before June 1, she added. Elsewhere, U.S. investors saw positive Q1 earnings results from major U.S. companies. Walmart, the worlds largest company by revenue, reported 7.6% total revenue growth for the quarter. We had a strong quarter. Comp sales were strong globally with eCommerce up 26%. We leveraged expenses, expanded operating margin, and grew profit ahead of sales, said Walmart President Doug McMillion in the companys earnings report . California-based tech manufacturer Nvidia stocks jumped nearly 5% on Thursday after the company announced that it partnered with another California-based cloud software company ServiceNow to build AI for enterprises. On interest rates, Federal Reserve Chair Jerome Powell is due to speak publicly on Friday. He is expected to signpost the central banks latest policy views on inflation and rates. Other members of the Fed made hawkish comments Thursday. Fed governor Philip Jefferson said the U.S. should wait to assess the full effect of higher interest rates on inflation so far before deciding to rule out further hikes. Dallas Fed President Lorie Logan also said that it is not yet time to pause interest rate hikes. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed meets again on June 14 to decide if another rate hike is necessary. Inflation was at 4.9% in April, lower than expected but still ahead of the Feds 2% target. The CME FedWatch Tool predicts a 66.7% chance the Fed will leave rates unchanged in June, down from 76.2% a day prior. It predicts a 33.3% chance for another 25 basis-point rate increase.... - Reddit Posts (Sample): [['u/Halo22B', 'Ledger thought of you the day', 76, '2023-05-20 01:30', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/', 'More people are going to lose their BTC switching to some poorly understood "safer" methodology than would ever get "rugged by Ledger Recover"', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/', '13mbe8f', [['u/AdministrativeRow904', 11, '2023-05-20 01:46', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jku9vni/', 'I concur.', '13mbe8f'], ['u/hahahahaaaahaha', 29, '2023-05-20 02:13', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jkudbyo/', 'I agree. Risk management is something we all have to consider and the Ledger risk is still low. If I had millions dollars of BTC, would I be concerned? Sure. Most people will be fine.', '13mbe8f'], ['u/oGceaseless', 14, '2023-05-20 03:20', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jkulppl/', "Extract it through their software or by physical means only?\n\nIf the software can do it. Then I'm definitely going to be moving my coins... probably not tomorrow, sure I'll have a hangover, but this weekend for sure. Thank you for the response and summing it up so concisely!", '13mbe8f'], ['u/WorldlyTransition476', 11, '2023-05-20 03:54', 'https://www.reddit.com/r/Bitcoin/comments/13mbe8f/ledger_thought_of_you_the_day/jkupwog/', 'Don’t listen to all the crazies online just keep your ledger the same as it was before.', '13mbe8f']]], ['u/elrobsterlobster', 'How does timing work with “___ train is now arriving? And why is the timing off even on CBTC lines?', 32, '2023-05-20 01:31', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/', 'The announcements for 7 trains at Queensboro Plaza and L trains at Union Square seem to have bad/inconsistent timing. Sometimes they’ll announce that the train is arriving when it’s already closing its doors and sometimes it’s 2 minutes early. How is the timing of these announcements controlled and why isn’t it automated to be consistent on CBTC lines?', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/', '13mbf8v', [['u/Sn584', 15, '2023-05-20 05:35', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/jkv24hf/', 'It has no fucking clue. Which is why punchboxes still exist', '13mbf8v'], ['u/SamTheGeek', 11, '2023-05-20 14:13', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/jkw7pi8/', 'The 7 and L are both full CBTC', '13mbf8v'], ['u/SamTheGeek', 16, '2023-05-20 14:16', 'https://www.reddit.com/r/nycrail/comments/13mbf8v/how_does_timing_work_with_train_is_now_arriving/jkw7yyu/', 'Train timing still depends on the two different countdown systems installed last decade. \n\nA division uses an interface with the old signaling system and assumptions about how fast trains will travel based on speed limits in place. This means it’s guessing which blocks are occupied — and that means it also doesn’t take into account time differences as a result of CBTC. \n\nB division uses Bluetooth beacons that tell the system when the train is in each station. It makes announcements based on average travel times between stations based on recent data. If I had to guess, the L is currently working with bad average data because of all the construction over the past few weeks/months at 6th avenue.', '13mbf8v']]], ['u/thatprickagain', 'Everyone’s posting their reviews, I’m shit faced, here’s mine:', 45, '2023-05-20 01:40', 'https://www.reddit.com/r/DMB/comments/13mbmlj/everyones_posting_their_reviews_im_shit_faced/', 'For context, i’m studying music and had 6 performance exams today; I play in a band I’d like to think are very influenced by the band.\n\n I was seriously looking forward to listening and I’ve now done it in full 7 times. And gotten drunk cause i’m finished for 3 months babbbyyyy.\n\nWalk around the moon: it’s a bop and a banger. The studio touches of reverse tape echo after the first chorus are really lovely and the band sound like they’re having fun. 8/10\n\nMadman’s eyes: I’ve listened to this loads because it was the first single and it’s a whopper. Awesome instrumentation, band again sound like they’re having a great time with it. String section is lush and beautiful. 10/10\n\nLooking for a vein: they really had this good a track and let a drum machine even try to compete with Carter. I get that Dave has 300 million dollars to his name, but this feels very lazy. 2/10\n\nThe Ocean and The Butterfly: the chord progression instantly puts me in 60’s do-wop territory; the acoustic line and hot rod/brush drumming throws me back to the first time I hear pay for what you get. I feel like it had more potential, and live performances tell me I’m right. Sometimes what we get is what we get. 7/10\n\nIt Could Happen: this is a lovely song. Not just a lovely Dave song but a lovely song. It really is a very classic sounding pop song with some really cool synth lines from Buddy, and the strings are still lovely. Personally, I like more of Dave’s avant garde stuff and I think that definitely happens more when he writes with the band rather than had them accompany him. Gonna give it a 6/10 but I am being harsh here for sure.\n\nSomething To Tell: look, it’s a Dave solo song, no doubt, and the band could’ve made this a beautiful track, but compare it to any ‘man and guitar’ song (see:Vincent black lightning by Richard Thompson) and it doesn’t hold and a candle to any of his earlier work, let alone the best in his field. 3/10\n\nAfter Everything: Dave gets the classic rock bug and the band are absolutely fucking loving it. The way Carter had the beat slightly drag over Stefan’s walking line, and Dave sounds like he’s absolutely into it. Sure, the lyrics are nonsense, but so’s all of rock music if you look too close. 8/10\n\nAll you wanted: all I wanted was for Dave to shed his Americana routing of predictable melodies and chord progressions, but here we are. The horns are fabulous but they’re holding back for sure. Rashawn does a great job making a fairly standard song stand out, but it’s just not enough. 3/10\n\nThe Only Thing: this song. This fucking song makes me see a future for the band. They’re all flying high, tightly grooving and Buddy’s addition gets to shine with what I can only describe as a genesis level keyboard odyssey, with Tim surfing the waves all the way home. No songwriting notes, it doesn’t need any. Dave’s voice is just another instrument and it is beautiful. 9/10\n\nBreak Free: there’s nothing worse than having a song hang around so long that your audience have written it for you. Personally I dig it. If this had appeared on busted stuff I would have been like WHAT. But it would have worked. The track might’ve saved Stand Up. Gonna give it a 7/10. Come at me.\n\nMonsters: Again, I may have listened too much before the album, but I found it a great comfort with all the exam stress and studying the last couple weeks. It’s not an amazing track, and it needs more band. But a lovely song. 7/10\n\nSinging From The Windows: again, Dave ends the album with a whimper instead of a scream or an explosion. This track really could’ve felt earned if there was more of a band presence on this album but there just isn’t enough to justify it’s existence. That aside, it’s a lovely melody and Dave really is singing from his heart here, might get downvoted but it deserves a 5/10.\n\nAll in all, look, it’s no worse than stand up, it’s probably on a par with Come Tomorrow, and it’s nowhere near big whiskey. I want that energy and band communal energy from BTCS, Crash and I think they really recaptured that on big whiskey. But if I was 56 and worth a quarter billion, i know I wouldn’t give a fuck. Better to just enjoy the highs and ignore the lows. Treat DMB like life.\n\nPeace out, and happy listening xoxo', 'https://www.reddit.com/r/DMB/comments/13mbmlj/everyones_posting_their_reviews_im_shit_faced/', '13mbmlj', [['u/Animalpoop', 11, '2023-05-20 03:23', 'https://www.reddit.com/r/DMB/comments/13mbmlj/everyones_posting_their_reviews_im_shit_faced/jkum4qv/', "Thank you for the review. For me the album works as a whole, and I think it's easily their best since at least Big Whiskey. \n \nIt's different and very representative of where the band is now, and it has some of Dave's best lyrics in years as well. \n \nNot understanding the hate for this album. Not to say you are hating on it. Just seen it a lot the last few days, and to me the album is wonderful. \n \n(Also I love Looking for a Vein).", '13mbmlj']]], ['u/GBIZZZ', 'HPOS10I Ticker $bitcoin - Has Some Serious Legs', 64, '2023-05-20 03:54', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/', "I've never come across such a dedicated team of meme makers, developers, or anything of the like the same as HarryPotterObamaSonic10Inu. Originally it was launched on BSC with a 10% tax, last week the devs relaunched on Ethereum. $bitcoin on Ethereum had a better ring to it anyways. With a solid history in the meme-sphere as well as fresh ones being baked every day I've truly never laughed as hard as this with any project. \nThere's thousands of memecoin variants that have spurred out of the pepe run, but every one nearly turned out to be a p+d or scam entirely trying to capitalize on it's success. This one is different, original and has built quite a lore building for itself already. From the ticker $bitcoin being shadow banned (old twitter rules) to the official acct being unsearchable it's been an uphill battle for this project but it's been grinding it's way onto the Dextools charts as well as Twitter every single day this week. Each day it's growing organically, no bots, completely influencer free. Most of the tg chat doesn't even have reddit accounts, hence I am here. Thank you for your time and patience. We are creating an egregore.", 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/', '13mend0', [['u/howbow13', 14, '2023-05-20 03:57', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkuqabv/', "Honestly one of the best memes I've ever seen. The deal was sealed when I finally knew I could own BITCOIN.", '13mend0'], ['u/freshkevin32', 12, '2023-05-20 04:16', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkusitg/', 'Interesting I’ll have to take a look', '13mend0'], ['u/TurtleBK', 13, '2023-05-20 04:18', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkustqq/', 'pretty original idea for a meme, funny af thanks for sharing\n\nupdate:\n\njust went to the website\n\nholy balls lmfao', '13mend0'], ['u/Fantastic_Ant_9395', 11, '2023-05-20 04:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkusxxk/', "The telegram is absolutely hilarious. If you like schizophrenic autismal humour you'll fit right in.", '13mend0'], ['u/cuchicou', 11, '2023-05-20 04:38', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkuv8u4/', 'Autism level over 9000. Devs smoking crack live on tg vc. Can’t even make this shit up', '13mend0'], ['u/gayrugpeace', 13, '2023-05-20 04:44', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkuw02z/', "Best meme coin and best community. Really exposes the ridiculousness of crypto. It's not about getting rich, it's about sending a message!", '13mend0'], ['u/Tuebloe', 12, '2023-05-20 05:52', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkv3uf3/', 'Token feels like true punk underground, I couldn’t leave the telegram after I found it lol', '13mend0'], ['u/hugegoldpyramid', 10, '2023-05-20 06:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkv6a2g/', 'Whats the site?', '13mend0'], ['u/GBIZZZ', 10, '2023-05-20 06:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/13mend0/hpos10i_ticker_bitcoin_has_some_serious_legs/jkv6lwz/', 'Official website http:// hposi10i dot com \nOfficial telegram https://t dot me / hpos10i', '13mend0']]], ['u/MarieLovesMatcha', '[Announcement] Patch Notes + Community Updates - May 19', 108, '2023-05-20 04:57', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/', 'Patch Notes:\n- Server Improvements rolling out for all users starting today:\n - less repetition\n - better latency\n- c.ai+ badge bug fixed\n- c.ai+ increased text animation speed\n\nCommunity Subreddit Updates:\n- Subreddit menu links updated:\n - Character Creation Guide\n - c.ai+ info\n - FAQ\n - QPR - Submit Message Quality Issues here\n- Subreddit rules updated\n- Post Flairs Added (Guide, News)\n\nOfficial C.AI Forum [here](https://c.ai/p/3BQnAAK5btcVlkuZ9y-tmMBnoNL6vHIjnoLp2oKTdz4).', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/', '13mfzpy', [['u/Strange-Leather-8967', 18, '2023-05-20 05:01', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuy52x/', "I'm not mad at + speed. I've been downvoted for showing a screen capture of the difference", '13mfzpy'], ['u/6ZeroKay9', 27, '2023-05-20 05:13', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuzlcw/', 'guys give me a minute i need to think of something to complain about this for\n\nhttps://preview.redd.it/wyxtyrm43y0b1.jpeg?width=456&format=pjpg&auto=webp&v=enabled&s=308594c0ffee3e77a21ddc735d724eae77ca8f66', '13mfzpy'], ['u/Strange-Leather-8967', 21, '2023-05-20 05:14', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuzr86/', "You're over thinking it.\n\nJust complain about how there is no communication while marie communicates", '13mfzpy'], ['u/Dramatic_Instance_63', 267, '2023-05-20 05:16', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkuzxr4/', "Guys, what I've noticed is that your bots are now parroting more often. My private bots now mostly take my last message and rephrase it to generate their reply. This is disappointing, it gives me the impression that bots are some kind of advanced parrots. Maybe it's just me, I don't know, but this is what I've noticed today. Chats became less interesting and more predictable.\n\nhttps://preview.redd.it/ks0m4q8y3y0b1.jpeg?width=1000&format=pjpg&auto=webp&v=enabled&s=2c9f792b85bfa4c6db2b2ae7aa2e3bafbaa649f1", '13mfzpy'], ['u/NewKat20', 67, '2023-05-20 05:51', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv3u8m/', "\\Kissing cheeks\\\n\nI'm pretty sick of this, why is the AI acting like it's 10 years old?", '13mfzpy'], ['u/TapStrange1791', 11, '2023-05-20 05:58', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv4kd2/', "Just thought of a suggestion for the CAI+, would it be possible to to add the feature of multiple generated messages like previous versions of CAI? That way paid users don't have to swipe and wait for the generated replies.", '13mfzpy'], ['u/Ilokine', 62, '2023-05-20 05:59', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv4myz/', 'Thank you for not locking needed AI updates behind C.AI+. :)', '13mfzpy'], ['u/bunnygoats', 54, '2023-05-20 06:00', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv4reg/', "Can we get a clarification on the subreddit rules update? I see some have been added but I was wondering if the update addresses the issue the community has with the incredibly strict banned words that gets a good 20% of posts and comments here automodded.\n\nThis isn't a trick question out of bad faith or anything. I'm pretty happy with the communication being given by Marie so far so I'm asking just out of optimism for a response", '13mfzpy'], ['u/International-Commit', 17, '2023-05-20 06:35', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkv871u/', 'EA? Really? I mean not hating but at least tell why', '13mfzpy'], ['u/antibosscoalition', 55, '2023-05-20 09:52', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvnubf/', 'i guess they caught the mysterious boiling oil man who poured boiling oil onto the servers', '13mfzpy'], ['u/Shift_as', 52, '2023-05-20 11:04', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvswum/', 'It’s because the parrots invaded c.ai so that’s why it’s happening and it got worse', '13mfzpy'], ['u/Nopinopa', 150, '2023-05-20 12:13', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvxn97/', "\\> less repetition\n\nWell, that's actually good and good, and it's actually nice to see, cause it's actually what we wanted and wanted.", '13mfzpy'], ['u/Nopinopa', 105, '2023-05-20 12:14', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvxq62/', 'Because they are predators and you are their prey', '13mfzpy'], ['u/Dramatic_Instance_63', 21, '2023-05-20 12:18', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkvy05i/', 'Ha-ha-ha, you nailed it!', '13mfzpy'], ['u/TendajiReddit', 49, '2023-05-20 13:46', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkw53my/', 'Wait wait wait,I thought we was gonna be able to edit chats', '13mfzpy'], ['u/onew_iasag', 13, '2023-05-20 15:00', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwcmbj/', '\\> c.ai+ increased text animation speed\n\nWell, maybe this is too done through only decreased speed of free accounts, like I feel after update.', '13mfzpy'], ['u/No-Department-6578', 27, '2023-05-20 15:48', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwi8ay/', '\\> less repetition\n\n\n\n%0,1 less repetition? We all needed this 🤩', '13mfzpy'], ['u/Jason91K3', 70, '2023-05-20 16:10', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwl0ss/', 'Great. Now is that stupid violence ban done with?', '13mfzpy'], ['u/EmilyG1525', 18, '2023-05-20 16:17', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwlwf7/', 'I think we should just ban the robots from using adjectives after the 50th message', '13mfzpy'], ['u/ShepherdessAnne', 17, '2023-05-20 16:30', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwnqrs/', "...\n\nI do that and I'm 37?", '13mfzpy'], ['u/Dramatic_Instance_63', 18, '2023-05-20 16:38', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwoqr5/', "What is the point of repeating what has already been written and remembered? It's useless and, more importantly, it's just boring behavior for a bot to repeat what I just said. I think it would be better to make bots to be more creative and interesting. Am I wrong?", '13mfzpy'], ['u/BloopFloop3L', 41, '2023-05-20 17:04', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwsjht/', "No that's probably permanent they seem to actively be trying to spite the user-base", '13mfzpy'], ['u/Dramatic_Instance_63', 16, '2023-05-20 17:24', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkwvdvf/', "I see what do you mean. Well in normal conversation with character or in role play such technique of discussion looks weird and unnatural. People don't communicate in such manner, each human has his own interests and likes\\\\dislikes which is reflected in the dialog. Often people are arguing each other because their points of view are different or opposite, lol in some cases, if emotions are too hot, this can lead to brawls. That's what makes discussion interesting. And now instead funny emotional dialog I get therapy session with dull psychologist. That's no good. Don't you agree?", '13mfzpy'], ['u/International-Commit', 35, '2023-05-20 19:20', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkxc9sg/', 'Those darn parrots.\n\nhttps://preview.redd.it/0x03wnz9a21b1.jpeg?width=750&format=pjpg&auto=webp&v=enabled&s=3c3998a93fa43fafc2903b07cc0c474e1a289900', '13mfzpy'], ['u/XinaLA', 14, '2023-05-20 19:30', 'https://www.reddit.com/r/CharacterAI/comments/13mfzpy/announcement_patch_notes_community_updates_may_19/jkxdry9/', 'I don\'t talk to characters, I\'m just here for the stories.\n\nRestating what I just said doesn\'t advance a plot or add to a story. In fact, it bogs a story down, making it less like reading a novel.\n\nMost characters sound ridiculous talking that way, since 99.9% of NPCs aren\'t therapists or active listeners.\n\nImagine playing a Star Wars story and the Sith inquisitor says, "You don\'t want to be Force choked? I can understand that. I wouldn\'t want to be Force choked either. That is totally natural. Maybe we can think of another way for you to tell me where the rebel base is. Perhaps I will think about my choices and just try being kind."\n\nWhich is immediately followed by DELETE CHAT.', '13mfzpy']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, May 20, 2023', 24, '2023-05-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/', '13mhaeh', [['u/marsh2907', 30, '2023-05-20 11:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkvuekl/', 'I have no love for the SEC but Ripple can go fuck themselves for their pre minted shitcoin.', '13mhaeh'], ['u/DamonAndTheSea', 26, '2023-05-20 15:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwgpzy/', '[A quick look at the 3 day in simple terms.](https://www.tradingview.com/x/9uZZy3PJ/) Price is moving up on RSI support. While 200MA trends down, 50MA has curled up and heading into an intersection. Price has remained in a bullish channel since first month of the year. [This latest pickup from $26k, I think, is a result of people/bots buying the 200MA weekly.](https://www.tradingview.com/x/SaRz3Tdu/)\n\nI think a stab back down to $26k or mid-$25k still isn’t out the question here before continuation. Below $25k and I go risk-off because structure breaks down. I’d then look for tests back to $22.5k and maybe back to $20k. \n\n[SPY made an impressive move this week.](https://www.tradingview.com/x/RtGsDC5n/) Price has stayed under the 20MA monthly for an entire year and broke above this week. If the monthly closes above, it makes a good case for continuation. Bob Lukas [touched on this trend in a tweet](https://twitter.com/BobLoukas/status/1652314862763032582?s=20) with a different chart but same idea. I’ve outlined imagined price trajectory in red that are plausible bouncing moves this year before the dust settles. Anecdotally, there’s so much fear around a large recession as I browse through market media, but [this move looks very different to prior periods where 20MA monthly was retested and rejected biggly.](https://www.tradingview.com/x/sK87qvEc/) \n\nI obviously can’t predict the future, and yield curve inversion remains damning. But the shift in this phase of the stock market cycle is that there’s just so much more global awareness of common historical metrics (which get shuttled and shared around the internet) that I’m suspect of a copy and paste repeat of the past. \n\nInterestingly and related, I found this [low trafficked video](https://youtu.be/ZsCbGPGKvUM?start=2497) randomly where the father of the yield curve inversion metric, Cam Harvey, came out and said he thinks it fails to predict a severe recession this go around for reasons outlined above - i.e. so many are aware of this metric that they’re taking proactive precautions and preparing summarily. Thus, outcomes are likely to be different to past periods. \n\nTraditional markets and Bitcoin are not always correlated but are certainly related in certain ways which is why I follow this stuff. Personally I’m still holding spot positions I took in Q4 of last year and feel good about this.', '13mhaeh'], ['u/dopeboyrico', 15, '2023-05-20 16:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwl2i3/', 'The [Treasury General Account](https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance) is at $57.3 billion as of end of day May 18th. It started the day at $68.3 billion.\n\nYellen said the x date could be as soon as June 1st but based on current trajectory it looks like it could be sooner than that, possibly sometime next week.', '13mhaeh'], ['u/Magikarpeles', 28, '2023-05-20 16:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwms3b/', "Well? We're waiting!\n\nI feel like everyone is holding their breath to see whether or not anything matters anymore bc AI is about to /tableflip western civilization and see what shakes out.\n\nPersonally I am just passing the time by doing drugs and playing games and listening to the myriad of ways I am going to die or be fabulously wealthy bc of AI and/or bitcoin. Exciting times.", '13mhaeh'], ['u/logicalinvestr', 11, '2023-05-20 17:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkwryxl/', "AI has actually been around awhile, people just didn't realize it. I've been working with companies on their AI applications since 2013, and people were doing it long before then. People just didn't realize how pervasive it was because it's normally used on the backend. ChatGPT just brought it into the limelight. I wouldn't stress about it.", '13mhaeh'], ['u/52576078', 11, '2023-05-20 20:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jkxl8le/', 'US Presidential candidate is pro-Bitcoin and a Democrat too. Wow! https://old.reddit.com/r/Bitcoin/comments/13monn3/us_presidential_candidate_robert_kennedy_jr_to/\n\nEdit: Apparently he spoke at the Bitcoin 2023 Miami conference https://nitter.net/DylanLeClair_/status/1659659861204803601#m', '13mhaeh'], ['u/TheGarbageStore', 10, '2023-05-20 22:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13mhaeh/daily_discussion_saturday_may_20_2023/jky117g/', 'That guy is a total crank despite the family name', '13mhaeh']]], ['u/rBitcoinMod', 'Daily Discussion, May 20, 2023', 26, '2023-05-20 08:06', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13lmrvb/daily_discussion_may_19_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/', '13mjooc', [['u/Dizzy_Space_Invader', 11, '2023-05-20 11:12', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/jkvtfqu/', 'Robert F Kennedy Jr is a Bitcoiner, speech at the Bitcoin conference https://youtu.be/fz7FPl065II', '13mjooc'], ['u/[deleted]', 21, '2023-05-20 13:44', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/jkw4vgb/', 'Last week I owned zero BTC and didn’t know where to start. After a week of participating and learning in these daily threads and the kind help from all you folks, I’ve made my first purchases and my Trezor is arriving today 😁.', '13mjooc'], ['u/Romsel87', 10, '2023-05-20 15:14', 'https://www.reddit.com/r/Bitcoin/comments/13mjooc/daily_discussion_may_20_2023/jkwe7i8/', "Seems you're doing it right. Keep your head straight, try to DCA and ignore the price. If we get a new ATH, things can be overwhelming.", '13mjooc']]], ['u/Aim_Sux', 'How Argentinians are making more money from scrap metal in their Peso coins than official exchange rates', 137, '2023-05-20 11:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/', 'Argentina\'s inflation has hit 108% leading to steep devaluation of the currency due to hyperinflation\n\nThe coins seen in the video embedded in the tweet are 2 Argentine Pesos\n\n\n\nhttps://preview.redd.it/ebwo1mf85z0b1.png?width=461&format=png&auto=webp&v=enabled&s=c9d6d436f50a2cbcb3ceeaea2fc1a67b0a387eaa\n\n[https://twitter.com/i/status/1659545956289748993](https://twitter.com/i/status/1659545956289748993)\n\nEach coin consists of about\n\n* 1.2g nickel\n* 5.5g copper\n\nAnd this metal is worth $0.07 after refining\n\nBut at the real exchange rate, it comes down to $0.04 as opposed to the depicted $0.08 on official exchanges\n\nThe scrap value of the coins have been greater than the face value for the peso since 2018\n\nEventually this is bound to happen to all fiat currencies with the way the government is making the money printer go brrrr all the time\n\nCrypto allows individuals to hold and transfer their wealth across borders quickly and with lesser fees. In hyperinflationary environments, where local currencies rapidly lose value, citizens can convert their assets into cryptocurrencies, which retain value and be easily transported across the globe as stablecoins of other currencies such as USDT or EURS or BGBP; or using coins such as BTC, ETH, XLM, LTC...etc. This helps the retails protect their net worth from losing its purchasing power due to hyperinflation.\n\n\n\nHow close are you to face this situation in your country ? \n\n\nEdit: A comment by u/Arcosim that adds onto this post:\n\n> Quite literally! I follow the Argentinean economy news closely because it fascinates me. I believe Argentina is the most dysfunctional country in the world by a long shot. 110% annual inflation and growing, a black market for dollars called the "dollar blue" where people can buy dollars at twice the official exchange rate but that\'s still more profitable than not buying these dollars (the government doesn\'t let people buy dollars otherwise), the highest tax rate in the world at 137.3% (60% of their economy happens to be informal, so the government factors that into the taxes), dozens of different official exchange rates for dollars depending the sector (so that leads to people from a sector, let\'s say the tourism industry, faking numbers to buy dollars and then resell them in another exchange from another sector to make a profit), the Argentinian central bank raised the interest rates to 97% \n> \n>All of that without a war or a conflict nearby, and their finance minister, the guy who\'s basically leading one of the worst performing economies in the world, is going to run for president and he\'s polling second.\n\n', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/', '13mn7sp', [['u/FattestLion', 10, '2023-05-20 11:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/jkvvckq/', 'Pesos are in the same category as coins like ElonSpermInu and PepeSuckElon', '13mn7sp'], ['u/Sorrytoruin', 37, '2023-05-20 11:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/jkvvg4z/', 'Even a memecoin is better to invest and hold than pesos..', '13mn7sp'], ['u/Killertimme', 17, '2023-05-20 12:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13mn7sp/how_argentinians_are_making_more_money_from_scrap/jkvy3c3/', 'DOGE is miles better than pesos', '13mn7sp']]], ['u/Normal-Knowledge4857', 'Just connected my Ledger Nano S to Sparrow + Bitcoin Core', 16, '2023-05-20 12:37', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/', 'No need for ledger live anymore.', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/', '13mofcw', [['u/Numerous-Kitchen-774', 18, '2023-05-20 13:01', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/jkw181y/', "Ledger Live wasn't the issue. Ledger itself was. They lied to everyone, keys have always been able to leave the device, directly contrary to what they've been stating for years.\n\nNOT YOUR KEYS NOT YOUR COINS.", '13mofcw'], ['u/Normal-Knowledge4857', 11, '2023-05-20 13:17', 'https://www.reddit.com/r/Bitcoin/comments/13mofcw/just_connected_my_ledger_nano_s_to_sparrow/jkw2kj9/', 'True, but the firmware is updated through ledger live. Its the best I can do instead of completely changing wallet and seed. Will wait for the dust to settle on the situation first.', '13mofcw']]], ['u/OneThatNoseOne', 'This is crazy: Someone uploaded a playable version of the DOOM videogame as an ordinal on the blockchain', 880, '2023-05-20 13:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/', "As a developer myself I really like this one. Many of you should know what ordinals are by now. But if not, an ordinal is a way of inscribing data into individual satoshis. And all the data is completely stored on the blockchain. The data can be a single line, a page of text or photos making the ordinal similar to an ERC-20 NFT. But it can also be sound and video, or in this case, a whole videogame.\n\nAnd on the last point, someone inscribed the DOOM videogame on the Bitcoin blockchain using ordinals. You can view and play the game off your own browser here: [https://ordinals.com/content/521f8eccffa4c41a3a7728dd012ea5a4a02feed81f41159231251ecf1e5c79dai0](https://ordinals.com/content/521f8eccffa4c41a3a7728dd012ea5a4a02feed81f41159231251ecf1e5c79dai0)\n\n\n\nhttps://preview.redd.it/pagxk2381z0b1.png?width=620&format=png&auto=webp&v=enabled&s=054288d7abecb5785aed70b95903dd98a7cabf14\n\nDOOM is one of the most ported videogames across systems for things like homebrew, if you’re into modding videogame systems. I was a bit generous when I called it the DOOM game, as it’s more of a DOOM clone, but most versions of DOOM nowadays are clones anyway.\n\nTo give a brief explanation, the developer inscribed certain byte-code into the blockchain using ordinals. When this code is opened using a browser, it is translated to a bunch of HTML CSS and Javascript that the internet browser reads and interprets as…well a playable DOOM videogame clone. The code is (probably) only meant to work using a PC browser, a mobile browser made be problematic.\n\n^(As a nerd, I think this was worth causing a bit of Bitcoin congestion. Don't kill me.)", 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/', '13mpd7j', [['u/Nuewim', 66, '2023-05-20 13:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw3hqu/', 'It is hilarious that people make playable versions of Doom on literally everything they can, like Doom on calculator or Doom on Excel, so I think it is nice we have Ordinal version.', '13mpd7j'], ['u/Zerox10', 29, '2023-05-20 13:29', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw3jfq/', 'I didn’t have playing Doom from the Bitcoin blockchain on my 2023 bingo board, but I’m here for it.', '13mpd7j'], ['u/WhereIsTrap', 36, '2023-05-20 13:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw3u91/', "It's a good way to test your skills and set yourself a task\n\nI loved the doom version displayed on pregnancy tester, shit is hilarious", '13mpd7j'], ['u/x_lincoln_x', 45, '2023-05-20 13:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw454w/', 'Is there a data size limit for ordinals?', '13mpd7j'], ['u/Josefumi12', 285, '2023-05-20 13:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw46fv/', 'This answers most questions "but can it run DOOM?" Yes it can.', '13mpd7j'], ['u/InsaneMcFries', 159, '2023-05-20 13:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw4opp/', '![gif](giphy\|QDK1pCI43lGhO)', '13mpd7j'], ['u/nullrecord', 41, '2023-05-20 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw4wbm/', '640k ought to be enough for everyone.', '13mpd7j'], ['u/Noraxxzockt', 48, '2023-05-20 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw4x6w/', 'Some day we will have GTA san andreas on bitcoin', '13mpd7j'], ['u/WholesomeDM', 108, '2023-05-20 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw516i/', '>But if not, an ordinal is a way of inscribing data into ordinals.\n\nwut', '13mpd7j'], ['u/BPbeats', 12, '2023-05-20 13:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw55u9/', 'What you don’t use words in their own definitions? /s', '13mpd7j'], ['u/n1ghsthade', 13, '2023-05-20 13:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5f2x/', 'It runs my crisis. My personal financial crisis', '13mpd7j'], ['u/Maxx3141', 35, '2023-05-20 13:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5f7z/', "This is not even Doom, just a clone.\n\nAlso the game is just saved on Blockchain, but is running on your browser. It's mostly a joke.", '13mpd7j'], ['u/FattestLion', 16, '2023-05-20 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5k0w/', 'I guess ordinals are not DOOMed to fail after all', '13mpd7j'], ['u/Maxx3141', 35, '2023-05-20 13:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw5y3j/', "Except it's not really Doom. And it's not really running it.", '13mpd7j'], ['u/charmquark8', 74, '2023-05-20 13:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw6au8/', "Here's what I see: This demonstrates that ordinals.com provides an execution environment that allows arbitrary javascript code to be run from the blockchain. What could go wrong?", '13mpd7j'], ['u/JeffreyDollarz', 16, '2023-05-20 14:04', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw6scl/', 'Ah, we can now host immutable software on chain where no one person, entity, or government can silence it.\n\nI like it.', '13mpd7j'], ['u/middlemangv', 12, '2023-05-20 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw77f3/', 'So you are telling me that people are now going to add fully playable games as ordinals?\n\nJeez, this is fun, but the potential congestion that can come with more games...are we DOOMed?', '13mpd7j'], ['u/liveaskings', 27, '2023-05-20 14:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw7h86/', 'Slappin bitches and stealing cars all powered by the Blockchain', '13mpd7j'], ['u/majorpickle01', 16, '2023-05-20 14:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw7uq5/', 'from my understanding less embedded URL to a flash game, more the game code saved into the blockchain then ran through your browser.', '13mpd7j'], ['u/partymsl', 17, '2023-05-20 14:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw8cu7/', '“It can play doom“ is the highest level of adoption one can reach.', '13mpd7j'], ['u/lubimbo', 13, '2023-05-20 14:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw8l3y/', 'AH SHIT HERE WE GO AGAIN', '13mpd7j'], ['u/Dreadaussie', 14, '2023-05-20 14:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkw9xwe/', 'Time to start uploading books to the block chain', '13mpd7j'], ['u/Sharp-Subject-047', 52, '2023-05-20 14:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwahcu/', "Now that's how you use the gifs", '13mpd7j'], ['u/conceiv3d-in-lib3rty', 11, '2023-05-20 15:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwdfjv/', 'Finally, another use-case for crypto!', '13mpd7j'], ['u/Jim--Cramer', 20, '2023-05-20 15:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwdruw/', 'Best $5 one can spend', '13mpd7j'], ['u/VegetableDance', 19, '2023-05-20 15:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwedbu/', "I think that may only be a problem if we're not using secure browser engines, i.e. Chromium, Webkit, Quantum. The restrictions each of these engines adhere to limit JavaScript from interfacing with any tool outside of the browser app. \n\nAs a side note, this will likely be why games using the new GPU web renderer won't go very far. Developers can not override certain behavior, like using CTR+W for crouch walk — this will just close your browser.", '13mpd7j'], ['u/raptorgzus', 16, '2023-05-20 15:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwgdr7/', 'Doom clone game and your browser is running it.', '13mpd7j'], ['u/Baecchus', 13, '2023-05-20 15:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwh7k6/', '# But if not, an ordinal is a way of inscribing data into ordinals.', '13mpd7j'], ['u/AR_Harlock', 15, '2023-05-20 15:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwjmiu/', "Aaaand that's why ordinals were a bad idea... contesting the blockchain to make gifs... I mean I am all for running doom everywhere but ...", '13mpd7j'], ['u/Cryptizard', 24, '2023-05-20 16:58', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwrn8p/', 'Just the block cap of 4 MB. You could, theoretically, take an entire block to yourself if you tipped enough for miners to prioritize your ordinal over a bunch of other transactions.', '13mpd7j'], ['u/Cryptizard', 11, '2023-05-20 16:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwrunc/', 'Websites allow arbitrary JavaScript code to run. Do you check the code of every website that you visit?', '13mpd7j'], ['u/ZedZeroth', 14, '2023-05-20 17:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13mpd7j/this_is_crazy_someone_uploaded_a_playable_version/jkwzccn/', "I think the calculation is, divide by 4 to get vBytes, so around one million, then multiply by the fee rate. You need to pay at least 20 sat/vB to get it confirmed right now, probably closer to 50. So we're looking at a cost of 0.2-0.5 BTC to inscribe a full block worth.", '13mpd7j']]], ['u/iheartristan', 'Why Vietnam needs to be a separated region from the rest of South East Asia', 135, '2023-05-20 13:35', 'https://www.reddit.com/r/CompetitiveTFT/comments/13mpjm2/why_vietnam_needs_to_be_a_separated_region_from/', "Before LCQ begins, I would like to bring this issue forward.\n\nIn League, Vietnam is counted as a separate region while the rest of SEA plays in the Pacific region. This is due to the fact that VN has a very large player base. This is the same in TFT.\n\n[From this post: https:\\/\\/www.reddit.com\\/r\\/CompetitiveTFT\\/comments\\/13gg6d4\\/why\\_oce\\_should\\_reduce\\_challenger\\_spots\\_for\\_a\\_more\\/](https://preview.redd.it/2hsx01jezy0b1.png?width=631&format=png&auto=webp&v=enabled&s=b6869890f196bfec81792c24ee960da15c70e44b)\n\n# 1. VN’s large player base in SEA leads to questions about competitive integrity\n\nDuring SEA regionals VN gets 24/32. This creates a huge imbalance that is not seen in any other region. Some of the players I’ve asked that have played in set8 and 8.5 regionals have told me that VN uses this advantage as a region to grief other SEA players. This is in addition to VN getting to choose which players to invite to THE QUALIFIER FOR WORLDS.\n\n\n\n[From a player playing in set8 regionals](https://preview.redd.it/1hgz8mta0z0b1.png?width=620&format=png&auto=webp&v=enabled&s=a9dfa66fdcc3847df8c32fb26da81a8eead90a3d)\n\n[From a player playing in set8.5 regionals](https://preview.redd.it/kw62zvs60z0b1.png?width=623&format=png&auto=webp&v=enabled&s=a71f1ab034e77d635c55cac9e808a3ed03bb3764)\n\nI don't have any clips of this happening in set8 as I wasn't playing during that time, but in set8.5 here are some moments where it happened:\n\n1. Raph’s opponent getting on the fly coaching.\n\n[https://www.twitch.tv/videos/1806591661?t=4h14m24s](https://www.twitch.tv/videos/1806591661?t=4h14m24s)\n\nAs you can see SVM DVQ (VN player) receives a ping on his MF and on his bench MF from another player telling him to reset TG items. This firstly distracts Raph and secondly allows DVQ to realize to reset his tg items. Those MF items went from zzrot+warmogs into rabadon+shiv which definitely affected the ensuing fight to some degree. (I’ve also been told that this pinging happened in other games)\n\nAs far as I know, players are not allowed to be coached by others during the game.\n\n2. Nomsy gets griefed by someone who should be playing for his own spot at worlds\n\nhttps://preview.redd.it/v689bc8r0z0b1.png?width=624&format=png&auto=webp&v=enabled&s=230bc04c12acb3a3a772758c5c43b594ef01375b\n\n[https://www.twitch.tv/videos/1807541055?t=2h34m29s](https://www.twitch.tv/videos/1807541055?t=2h34m29s)\n\nThis is the table before game 4 of the finals. During that game one of the VN players, SBTC Ngoc 6 Mui actively chose griefing Omnomsy and going 8th, which sets up NCC1 with the opportunity to close out the tournament which would result in SBTC Ngoc 6 Mui falling down to 7th or 8th and losing out on LCQ. Despite choosing hacker as first augment, he decides to first skip portable forge which could give him Zhonya’s for LB, then reroll and not pick CB but instead choose scoped weapons so he could contest Mech Belveth. Him choosing this line is very suspicious and calls into question whether VN players are playing for themselves or are they playing like they are on a team.\n\n3. Jazzlatte gets griefed while playing Yas\n\n[https://www.twitch.tv/videos/1806591661?t=4h27m34s](https://www.twitch.tv/videos/1806591661?t=4h27m34s)\n\nSBTC Beng T has gone 7582 and needs to play for top 2 in both games in order to make day 3, despite this he dooms himself by contesting Yasuo after Jazzlatte had picked it which will almost certainly dooms himself into bot 4. If Jazzlatte finishes 7th or 8th which is likely when you’re contested Yasuo, his chances of making day 3 would be significantly reduced.\n\n\\------------------------------------------------------------------------... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["In this article, we will examine the 12 Trusted Bitcoin investment sites. If you want to skip the detailed analysis, visit5 Trusted Bitcoin investment sites.\nIn today's technologically advanced world, people have come beyond physical assets and currencies in dealing with transactions. That's where cryptocurrency comes in, giving users a convenient way to buy and sell products and services through e-money. However, it's important to be vigilant and conduct due diligence before selecting a cryptocurrency investment platform or site in terms of its reputation, authenticity, current status, and credibility. This article will give useful insight to Bitcoin investors about 12 Trusted Bitcoin investment sites.\nCryptocurrencies remained popular in 2021, especially Bitcoin (BTC). Goldman Sachs started dealing with transactions in cryptocurrencies. In April 2021, Coinbase Global Inc. (NASDAQ:COIN) was among the first crypto exchange platform to go public at a valuation of approx.$100 billion. Alphabet Inc. (NASDAQ:GOOG) shook hands with Coinbase in October 2022 to create feasibility for its cloud computing clients to deal transactions in e-money. Moreover, Microsoft Corporation (NASDAQ:MSFT) also began accepting BTC as payments from users since 2014.\nThe most well-known cryptocurrency, Bitcoin, had a successful year, according to CNBC. Since 2021, the worth of the e-currency has risen by about 70%, driving the total market worth of crypto above$2 trillion. However, 2022 happened to be unfavorable for most cryptocurrency holders. Throughout 2022, Bitcoin lost65% of its market share. A series of bad events, comprising the collapse of FTX (one of the biggest cryptocurrency exchanges), the crash of Terra Luna, and the predicted unfavorable macroeconomic situations, took crypto devotees by surprise.\nWhen the Federal Reserve began to boost interest rates to combat excessive inflation, the price of cryptocurrencies fell much like almost everything else in the financial sector. That surprised many of Bitcoin's most ardent supporters, many of whom thought the digital money would act like gold does: as a hedge against inflation. In contrast to their predictions, the price of Bitcoin was dropping at the time of rapid inflation.\nThe main cause of the crypto market's slump was the failure of FTX. In addition to causing a significant market sell-off, FTX's bankruptcy and dispute with Binance have decreased liquidity in the cryptocurrency market. Individual investors, particularly those who purchased digital assets close to the highs, have suffered. However, structural issues in the sector have been highlighted,according to Lee Reiners(an expert in cryptocurrency law and policy):\n“It really exposed a number of crypto firms who were, you know, overextended, had poor risk management, or otherwise were engaging in fraudulent activity.”\nFor the majority of cryptocurrencies, 2023 has begun on a clean and favorable note. Some investors have turned to Bitcoin and other popular cryptocurrencies for safety as inflation has slowed down, the recession is becoming more imminent, and the U.S. financial crisis is still raging.\nAccording to Analytics Insight, some market analysts believe Bitcoin will reach a price of$100,000 by the end of 2023. Others claim that Bitcoin won't rise over $70,000.\nBitcoin traded in a constrained price range from $26,000 to $28,600 from halfway through March to mid-April. On April 10, Bitcoin saw a breakout to the upside, reachinga high of $31,005on the back of favorable inflation statistics that suggested the Fed may decide to hold off on interest rate rises in favor of rate cuts sooner than previously anticipated. Bitcoin has increased by80% this yearcompared to last. Although Bitcoin is still approximately 50% below its all-time high, which was over $69,000 in November 2021, the path to recovery is still lengthy.\nThe fact that Bitcoin will experience a halving event in 2024 is another factor supporting analysts' positive outlook on the cryptocurrency. Every four years, there is a Bitcoin halving event in which the currency's miner payouts are cut in half. Given that halving serves to reduce supply, this occurrence is widely seen as being favorable for Bitcoin's price. In the past, halving has been viewed as a highly positive indicator for boosting Bitcoin's price.\nFor our list of 12 Trusted Bitcoin investment sites, the main factor on which we based our list is the 'score’ from 0.0 to 10.0 extracted fromCoinmarketcapas of the writing of this article. The score reflects average liquidity and investors' confidence, among other factors, on the crypto exchange platforms. We have also mentioned the platforms' trading volume (keeping in mind that trading volume fluctuates at any given time).\nSo, without further delay, let's head toward 12 Trusted Bitcoin investment sites.\nScore: 6.5\nTrading Volume: $298,644,218\nHuobi is one of the most trusted platforms for bitcoin trade, but the platform alos has its own coin. The native cryptocurrency of Huobi Global exchange is called Huobi Token (HT). Huobi users received Huobi Token in 2018 as part of a unique giveaway program that gave tokens out for free to platform users.\nScore: 6.6\nTrading Volume: $8,048,955\nAlthough Gemini supports fewer cryptocurrencies (including BTC), it places a strong emphasis on the security and compliance of the funds that its consumers invest with it. Despite having fewer assets, this platform is still a great choice for both new and seasoned traders due to its strong security emphasis and selection of tools and products.\nGemini has become thefirst SOC 2-certified cryptocurrency exchangein the market, demonstrating its dedication to security. The SOC 2 evaluation gauges a company's or product's levels of compliance and safety and is conducted by outside auditors.\nScore: 6.6\nTrading Volume: $322,173,059\nAn investor can trade BTC on Gate.io for a maximum trading cost of 0.2%. Customers can decrease this charge in a number of ways, including by using the utility token of Gate.io. While not the cheapest on the market, this cost is also not the most expensive either.\nScore: 6.6\nTrading Volume: $573,256,808\nLBank offers a web-based trading platform that is unique in many ways. The site also includes a number of sophisticated tools and features, including the technical analysis indicatorsRSI, KDJ, MACD, and CCI. The exchange platform also includes a volume window below the order windows and a market depth window below the chart. All of the attributes are displayed in an intuitive way.\nScore: 7.0\nTrading Volume: $28,683,171\nBitfinex, which was established in 2012, has comparatively cheap trading costs, with the majority of trade deals costing just 0.20% or less. Their trading interface is easy to use, and seasoned traders will value the capabilities and possibilities it provides. To test one’s approach before investing real capital, an individual may start with a free paper trading account that provides them access to the Bitfinex platform and handles their money with convenience (this is akin to a stock market game).\nScore: 7.0\nTrading Volume: $217,986,015\nInvestors on Bybit can leverage their funds 100 times for Bitcoin and 50 times for other currencies. Additionally, users can also avail the option of purchasing temporary loss insurance. Both the site and the mobile app have attractive features for its loyal investors. Bybit provides traders with the Market Maker Incentive Program, which gives a maker fee reimbursement ofup to 0.015%.\nScore: 7.1\nTrading Volume: $32,635,496\nDue to the presence of a small selection of currencies, Bitstamp is perhaps better suited for freshies\xa0and casual traders. Bitstamp Tradeview, Bitstamp.net,\xa0and Bitstamp Mobile are the three platforms that traders may utilize to trade. On all platforms, trading fees are the same. For users with less than $10,000 in trading activity over the last 30 days, the maximum trading cost on Bitstamp is merely0.50%. Investors who trade larger sums each month would see a significant reduction in fees, which is on par with, or cheaper than what other well-known crypto exchanges charge.\nClick to continue reading and see5 Trusted Bitcoin Investment Sites.\nSuggested Articles:\n• 10 Best Bitcoin Stocks to Invest in\n• 15 Biggest Bitcoin Mining Companies in the World\n• 15 Countries Where Bitcoin is Legal or Illegal\nDisclosure: None.12 Trusted Bitcoin Investment Sitesis originally published on Insider Monkey.", "In this article, we will examine the 12 Trusted Bitcoin investment sites. If you want to skip the detailed analysis, visit5 Trusted Bitcoin investment sites.\nIn today's technologically advanced world, people have come beyond physical assets and currencies in dealing with transactions. That's where cryptocurrency comes in, giving users a convenient way to buy and sell products and services through e-money. However, it's important to be vigilant and conduct due diligence before selecting a cryptocurrency investment platform or site in terms of its reputation, authenticity, current status, and credibility. This article will give useful insight to Bitcoin investors about 12 Trusted Bitcoin investment sites.\nCryptocurrencies remained popular in 2021, especially Bitcoin (BTC). Goldman Sachs started dealing with transactions in cryptocurrencies. In April 2021, Coinbase Global Inc. (NASDAQ:COIN) was among the first crypto exchange platform to go public at a valuation of approx.$100 billion. Alphabet Inc. (NASDAQ:GOOG) shook hands with Coinbase in October 2022 to create feasibility for its cloud computing clients to deal transactions in e-money. Moreover, Microsoft Corporation (NASDAQ:MSFT) also began accepting BTC as payments from users since 2014.\nThe most well-known cryptocurrency, Bitcoin, had a successful year, according to CNBC. Since 2021, the worth of the e-currency has risen by about 70%, driving the total market worth of crypto above$2 trillion. However, 2022 happened to be unfavorable for most cryptocurrency holders. Throughout 2022, Bitcoin lost65% of its market share. A series of bad events, comprising the collapse of FTX (one of the biggest cryptocurrency exchanges), the crash of Terra Luna, and the predicted unfavorable macroeconomic situations, took crypto devotees by surprise.\nWhen the Federal Reserve began to boost interest rates to combat excessive inflation, the price of cryptocurrencies fell much like almost everything else in the financial sector. That surprised many of Bitcoin's most ardent supporters, many of whom thought the digital money would act like gold does: as a hedge against inflation. In contrast to their predictions, the price of Bitcoin was dropping at the time of rapid inflation.\nThe main cause of the crypto market's slump was the failure of FTX. In addition to causing a significant market sell-off, FTX's bankruptcy and dispute with Binance have decreased liquidity in the cryptocurrency market. Individual investors, particularly those who purchased digital assets close to the highs, have suffered. However, structural issues in the sector have been highlighted,according to Lee Reiners(an expert in cryptocurrency law and policy):\n“It really exposed a number of crypto firms who were, you know, overextended, had poor risk management, or otherwise were engaging in fraudulent activity.”\nFor the majority of cryptocurrencies, 2023 has begun on a clean and favorable note. Some investors have turned to Bitcoin and other popular cryptocurrencies for safety as inflation has slowed down, the recession is becoming more imminent, and the U.S. financial crisis is still raging.\nAccording to Analytics Insight, some market analysts believe Bitcoin will reach a price of$100,000 by the end of 2023. Others claim that Bitcoin won't rise over $70,000.\nBitcoin traded in a constrained price range from $26,000 to $28,600 from halfway through March to mid-April. On April 10, Bitcoin saw a breakout to the upside, reachinga high of $31,005on the back of favorable inflation statistics that suggested the Fed may decide to hold off on interest rate rises in favor of rate cuts sooner than previously anticipated. Bitcoin has increased by80% this yearcompared to last. Although Bitcoin is still approximately 50% below its all-time high, which was over $69,000 in November 2021, the path to recovery is still lengthy.\nThe fact that Bitcoin will experience a halving event in 2024 is another factor supporting analysts' positive outlook on the cryptocurrency. Every four years, there is a Bitcoin halving event in which the currency's miner payouts are cut in half. Given that halving serves to reduce supply, this occurrence is widely seen as being favorable for Bitcoin's price. In the past, halving has been viewed as a highly positive indicator for boosting Bitcoin's price.\nFor our list of 12 Trusted Bitcoin investment sites, the main factor on which we based our list is the 'score’ from 0.0 to 10.0 extracted fromCoinmarketcapas of the writing of this article. The score reflects average liquidity and investors' confidence, among other factors, on the crypto exchange platforms. We have also mentioned the platforms' trading volume (keeping in mind that trading volume fluctuates at any given time).\nSo, without further delay, let's head toward 12 Trusted Bitcoin investment sites.\nScore: 6.5\nTrading Volume: $298,644,218\nHuobi is one of the most trusted platforms for bitcoin trade, but the platform alos has its own coin. The native cryptocurrency of Huobi Global exchange is called Huobi Token (HT). Huobi users received Huobi Token in 2018 as part of a unique giveaway program that gave tokens out for free to platform users.\nScore: 6.6\nTrading Volume: $8,048,955\nAlthough Gemini supports fewer cryptocurrencies (including BTC), it places a strong emphasis on the security and compliance of the funds that its consumers invest with it. Despite having fewer assets, this platform is still a great choice for both new and seasoned traders due to its strong security emphasis and selection of tools and products.\nGemini has become thefirst SOC 2-certified cryptocurrency exchangein the market, demonstrating its dedication to security. The SOC 2 evaluation gauges a company's or product's levels of compliance and safety and is conducted by outside auditors.\nScore: 6.6\nTrading Volume: $322,173,059\nAn investor can trade BTC on Gate.io for a maximum trading cost of 0.2%. Customers can decrease this charge in a number of ways, including by using the utility token of Gate.io. While not the cheapest on the market, this cost is also not the most expensive either.\nScore: 6.6\nTrading Volume: $573,256,808\nLBank offers a web-based trading platform that is unique in many ways. The site also includes a number of sophisticated tools and features, including the technical analysis indicatorsRSI, KDJ, MACD, and CCI. The exchange platform also includes a volume window below the order windows and a market depth window below the chart. All of the attributes are displayed in an intuitive way.\nScore: 7.0\nTrading Volume: $28,683,171\nBitfinex, which was established in 2012, has comparatively cheap trading costs, with the majority of trade deals costing just 0.20% or less. Their trading interface is easy to use, and seasoned traders will value the capabilities and possibilities it provides. To test one’s approach before investing real capital, an individual may start with a free paper trading account that provides them access to the Bitfinex platform and handles their money with convenience (this is akin to a stock market game).\nScore: 7.0\nTrading Volume: $217,986,015\nInvestors on Bybit can leverage their funds 100 times for Bitcoin and 50 times for other currencies. Additionally, users can also avail the option of purchasing temporary loss insurance. Both the site and the mobile app have attractive features for its loyal investors. Bybit provides traders with the Market Maker Incentive Program, which gives a maker fee reimbursement ofup to 0.015%.\nScore: 7.1\nTrading Volume: $32,635,496\nDue to the presence of a small selection of currencies, Bitstamp is perhaps better suited for freshies\xa0and casual traders. Bitstamp Tradeview, Bitstamp.net,\xa0and Bitstamp Mobile are the three platforms that traders may utilize to trade. On all platforms, trading fees are the same. For users with less than $10,000 in trading activity over the last 30 days, the maximum trading cost on Bitstamp is merely0.50%. Investors who trade larger sums each month would see a significant reduction in fees, which is on par with, or cheaper than what other well-known crypto exchanges charge.\nClick to continue reading and see5 Trusted Bitcoin Investment Sites.\nSuggested Articles:\n• 10 Best Bitcoin Stocks to Invest in\n• 15 Biggest Bitcoin Mining Companies in the World\n• 15 Countries Where Bitcoin is Legal or Illegal\nDisclosure: None.12 Trusted Bitcoin Investment Sitesis originally published on Insider Monkey.", "In this article, we will examine the 12 Trusted Bitcoin investment sites. If you want to skip the detailed analysis, visit 5 Trusted Bitcoin investment sites . In today's technologically advanced world, people have come beyond physical assets and currencies in dealing with transactions. That's where cryptocurrency comes in, giving users a convenient way to buy and sell products and services through e-money. However, it's important to be vigilant and conduct due diligence before selecting a cryptocurrency investment platform or site in terms of its reputation, authenticity, current status, and credibility. This article will give useful insight to Bitcoin investors about 12 Trusted Bitcoin investment sites. Market Outlook Cryptocurrencies remained popular in 2021, especially Bitcoin (BTC). Goldman Sachs started dealing with transactions in cryptocurrencies. In April 2021, Coinbase Global Inc. (NASDAQ: COIN ) was among the first crypto exchange platform to go public at a valuation of approx. $100 billion . Alphabet Inc. (NASDAQ: GOOG ) shook hands with Coinbase in October 2022 to create feasibility for its cloud computing clients to deal transactions in e-money. Moreover, Microsoft Corporation (NASDAQ: MSFT ) also began accepting BTC as payments from users since 2014. The most well-known cryptocurrency, Bitcoin, had a successful year, according to CNBC. Since 2021, the worth of the e-currency has risen by about 70%, driving the total market worth of crypto above $2 trillion . However, 2022 happened to be unfavorable for most cryptocurrency holders. Throughout 2022, Bitcoin lost 65% of its market share . A series of bad events, comprising the collapse of FTX (one of the biggest cryptocurrency exchanges), the crash of Terra Luna, and the predicted unfavorable macroeconomic situations, took crypto devotees by surprise. The Big Crash When the Federal Reserve began to boost interest rates to combat excessive inflation, the price of cryptocurrencies fell much like almost everything else in the financial sector. That surprised many of Bitcoin's most ardent supporters, many of whom thought the digital money would act like gold does: as a hedge against inflation. In contrast to their predictions, the price of Bitcoin was dropping at the time of rapid inflation. The main cause of the crypto market's slump was the failure of FTX. In addition to causing a significant market sell-off, FTX's bankruptcy and dispute with Binance have decreased liquidity in the cryptocurrency market. Individual investors, particularly those who purchased digital assets close to the highs, have suffered. However, structural issues in the sector have been highlighted, according to Lee Reiners (an expert in cryptocurrency law and policy): Story continues “ It really exposed a number of crypto firms who were, you know, overextended, had poor risk management, or otherwise were engaging in fraudulent activity .” Is the Forecast Optimistic or Pessimistic? For the majority of cryptocurrencies, 2023 has begun on a clean and favorable note. Some investors have turned to Bitcoin and other popular cryptocurrencies for safety as inflation has slowed down, the recession is becoming more imminent, and the U.S. financial crisis is still raging. According to Analytics Insight, some market analysts believe Bitcoin will reach a price of $100,000 by the end of 2023 . Others claim that Bitcoin won't rise over $70,000. Bitcoin traded in a constrained price range from $26,000 to $28,600 from halfway through March to mid-April. On April 10, Bitcoin saw a breakout to the upside, reaching a high of $31,005 on the back of favorable inflation statistics that suggested the Fed may decide to hold off on interest rate rises in favor of rate cuts sooner than previously anticipated. Bitcoin has increased by 80% this year compared to last. Although Bitcoin is still approximately 50% below its all-time high, which was over $69,000 in November 2021, the path to recovery is still lengthy. The fact that Bitcoin will experience a halving event in 2024 is another factor supporting analysts' positive outlook on the cryptocurrency. Every four years, there is a Bitcoin halving event in which the currency's miner payouts are cut in half. Given that halving serves to reduce supply, this occurrence is widely seen as being favorable for Bitcoin's price. In the past, halving has been viewed as a highly positive indicator for boosting Bitcoin's price. 12 Trusted Bitcoin investment sites Methodology For our list of 12 Trusted Bitcoin investment sites, the main factor on which we based our list is the 'score’ from 0.0 to 10.0 extracted from Coinmarketcap as of the writing of this article. The score reflects average liquidity and investors' confidence, among other factors, on the crypto exchange platforms. We have also mentioned the platforms' trading volume (keeping in mind that trading volume fluctuates at any given time). So, without further delay, let's head toward 12 Trusted Bitcoin investment sites. 12. Huobi Score: 6.5 Trading Volume: $298,644,218 Huobi is one of the most trusted platforms for bitcoin trade, but the platform alos has its own coin. The native cryptocurrency of Huobi Global exchange is called Huobi Token (HT). Huobi users received Huobi Token in 2018 as part of a unique giveaway program that gave tokens out for free to platform users. 11. Gemini Score: 6.6 Trading Volume: $8,048,955 Although Gemini supports fewer cryptocurrencies (including BTC), it places a strong emphasis on the security and compliance of the funds that its consumers invest with it. Despite having fewer assets, this platform is still a great choice for both new and seasoned traders due to its strong security emphasis and selection of tools and products. Gemini has become the first SOC 2-certified cryptocurrency exchange in the market, demonstrating its dedication to security. The SOC 2 evaluation gauges a company's or product's levels of compliance and safety and is conducted by outside auditors. 10. Gate.io Score: 6.6 Trading Volume: $322,173,059 An investor can trade BTC on Gate.io for a maximum trading cost of 0.2%. Customers can decrease this charge in a number of ways, including by using the utility token of Gate.io. While not the cheapest on the market, this cost is also not the most expensive either. 9. LBank Score: 6.6 Trading Volume: $573,256,808 LBank offers a web-based trading platform that is unique in many ways. The site also includes a number of sophisticated tools and features, including the technical analysis indicators RSI, KDJ, MACD, and CCI . The exchange platform also includes a volume window below the order windows and a market depth window below the chart. All of the attributes are displayed in an intuitive way. 8. Bitfinex Score: 7.0 Trading Volume: $28,683,171 Bitfinex, which was established in 2012, has comparatively cheap trading costs, with the majority of trade deals costing just 0.20% or less. Their trading interface is easy to use, and seasoned traders will value the capabilities and possibilities it provides. To test one’s approach before investing real capital, an individual may start with a free paper trading account that provides them access to the Bitfinex platform and handles their money with convenience (this is akin to a stock market game). 7. Bybit Score: 7.0 Trading Volume: $217,986,015 Investors on Bybit can leverage their funds 100 times for Bitcoin and 50 times for other currencies. Additionally, users can also avail the option of purchasing temporary loss insurance. Both the site and the mobile app have attractive features for its loyal investors. Bybit provides traders with the Market Maker Incentive Program, which gives a maker fee reimbursement of up to 0.015% . 6. Bitstamp Score: 7.1 Trading Volume: $32,635,496 Due to the presence of a small selection of currencies, Bitstamp is perhaps better suited for freshies\xa0and casual traders. Bitstamp Tradeview, Bitstamp.net,\xa0and Bitstamp Mobile are the three platforms that traders may utilize to trade. On all platforms, trading fees are the same. For users with less than $10,000 in trading activity over the last 30 days, the maximum trading cost on Bitstamp is merely 0.50% . Investors who trade larger sums each month would see a significant reduction in fees, which is on par with, or cheaper than what other well-known crypto exchanges charge. Click to continue reading and see 5 Trusted Bitcoin Investment Sites . Suggested Articles: 10 Best Bitcoin Stocks to Invest in 15 Biggest Bitcoin Mining Companies in the World 15 Countries Where Bitcoin is Legal or Illegal Disclosure: None. 12 Trusted Bitcoin Investment Sites is originally published on Insider Monkey. View comments", 'A leaked document distributed to Democratic House Financial Services Committee members has revealed the “key messages” legislators were advised to keep to, which might result in practically all cryptocurrencies being classified as securities. As governments and regulatory agencies impose more robust controls on cryptocurrencies such as Bitcoin and Ethereum, investors and enthusiasts are left worrying about the potential repercussions. One fascinating issue arises: if the price of Bitcoin (BTC) and Ethereum (ETH) tumbles, will meme currencies become more popular? Will DogeMiyagi ($MIYAGI) become the meme market leader? Furthermore, would cryptocurrencies in presale garner greater interest because they are untouched by the current market trend? The Great Crypto Cliffhanger: Bitcoin’s Precarious Position and Ethereum’s Fate in the Balance As the crypto world holds its breath, Bitcoin’s (BTC) price is perched precariously on a stable support level, making it a compelling opportunity for eager buyers to accumulate. After several failed attempts to break free and soar to new heights, BTC is back at the notorious $27,000 barrier, like a stubborn explorer refusing to surrender to the depths. Oh, the drama! After seven days of relentless selling, Bitcoin’s price has finally taken a break from the madness, settling down for a cosy consolidation around the familiar $27,000 support level. It’s like the calm after a stormy affair, where BTC is catching its breath, unsure of its following path. Will it sweep Monday’s low at $26,694, teasing us with a swift recovery and reclaiming its support level throne? Or will it succumb to the temptation of becoming a resistance barrier, shattering our bullish dreams and potentially triggering a merciless correction to $25,290 and $23,905 levels? The plot thickens. Meanwhile, our beloved Ethereum (ETH) has been busy cooking up some technical mischief. Picture this: a bearish divergence sells signal on the daily chart, unfolding its treacherous formation between January 14 and May 13, leaving unsuspecting investors in disbelief. Story continues Like a magician revealing their trickery, this wicked move sent ETH on a 17% freefall, leaving it gasping for air at the measly $1,735 mark. But fear not! Hope lies in the mystical realm of critical support floors, and ETH’s saviour awaits at the sacred $1,705 level. If it can summon the strength to bounce back from this abyss, a glimmer of light might shine through, guiding it on a heroic journey towards the superb $2,028 destination. But patience, dear investors, patience! Remember, the tale of Ethereum’s fate is yet to be written, and it eagerly awaits Bitcoin’s proclamation of direction. In this mesmerising world of cryptocurrencies, where fortunes rise and fall with the flicker of a digital heartbeat, one thing remains clear: the intricate dance of Bitcoin sets the stage for its companion, Ethereum. The Rise of Meme Coins: Exploring the Allure and Potential of DogeMiyagi in the Crypto Market The general public is drawn to meme coins because of the possibility of rapid returns and the entertaining and dynamic communities surrounding them. While meme currencies lack the technological complexity and use cases of Bitcoin and Ethereum, their popularity stems from their ease of usage, low cost, and viral growth potential. The current crackdown on mainstream cryptocurrencies may have created a void that meme coins might fill, luring buyers looking for new investment possibilities. The presale of meme coins is another important factor in their success. During a market downturn, presale cryptocurrencies provide a unique opportunity for investors. These new currencies are introduced through presales or initial coin offers (ICOs), which allow investors to purchase tokens before they are available on the general market. Because market trends do not yet influence presale coins, they enable investors to enter the market at an early stage. Overall, coins, let us welcome its highness DogeMiyagi to the meme market podium! MIYAGI is one of the most recent meme currencies, and it has the potential to become the market leader. Through thorough audits, DogeMiyagi proudly emphasises its dedication to identity verification and risk assessment. Its commitment to maintaining a safe environment has won the prestigious Know Your Coin (KYC) accreditation, indicating its commitment to fostering community trust. DogeMiyagi understands the importance of community involvement and aims to establish an environment that values and benefits all members. DogeMiyagi aspires to stand out in the ever-changing world of cryptocurrencies with its unique features, attention to security and compliance, and commitment to community trust. DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi', 'A leaked document distributed to Democratic House Financial Services Committee members has revealed the “key messages” legislators were advised to keep to, which might result in practically all cryptocurrencies being classified as securities. As governments and regulatory agencies impose more robust controls on cryptocurrencies such as Bitcoin and Ethereum, investors and enthusiasts are left worrying about the potential repercussions. One fascinating issue arises: if the price of Bitcoin (BTC) and Ethereum (ETH) tumbles, will meme currencies become more popular? Will DogeMiyagi ($MIYAGI) become the meme market leader? Furthermore, would cryptocurrencies in presale garner greater interest because they are untouched by the current market trend? The Great Crypto Cliffhanger: Bitcoin’s Precarious Position and Ethereum’s Fate in the Balance As the crypto world holds its breath, Bitcoin’s (BTC) price is perched precariously on a stable support level, making it a compelling opportunity for eager buyers to accumulate. After several failed attempts to break free and soar to new heights, BTC is back at the notorious $27,000 barrier, like a stubborn explorer refusing to surrender to the depths. Oh, the drama! After seven days of relentless selling, Bitcoin’s price has finally taken a break from the madness, settling down for a cosy consolidation around the familiar $27,000 support level. It’s like the calm after a stormy affair, where BTC is catching its breath, unsure of its following path. Will it sweep Monday’s low at $26,694, teasing us with a swift recovery and reclaiming its support level throne? Or will it succumb to the temptation of becoming a resistance barrier, shattering our bullish dreams and potentially triggering a merciless correction to $25,290 and $23,905 levels? The plot thickens. Meanwhile, our beloved Ethereum (ETH) has been busy cooking up some technical mischief. Picture this: a bearish divergence sells signal on the daily chart, unfolding its treacherous formation between January 14 and May 13, leaving unsuspecting investors in disbelief. Story continues Like a magician revealing their trickery, this wicked move sent ETH on a 17% freefall, leaving it gasping for air at the measly $1,735 mark. But fear not! Hope lies in the mystical realm of critical support floors, and ETH’s saviour awaits at the sacred $1,705 level. If it can summon the strength to bounce back from this abyss, a glimmer of light might shine through, guiding it on a heroic journey towards the superb $2,028 destination. But patience, dear investors, patience! Remember, the tale of Ethereum’s fate is yet to be written, and it eagerly awaits Bitcoin’s proclamation of direction. In this mesmerising world of cryptocurrencies, where fortunes rise and fall with the flicker of a digital heartbeat, one thing remains clear: the intricate dance of Bitcoin sets the stage for its companion, Ethereum. The Rise of Meme Coins: Exploring the Allure and Potential of DogeMiyagi in the Crypto Market The general public is drawn to meme coins because of the possibility of rapid returns and the entertaining and dynamic communities surrounding them. While meme currencies lack the technological complexity and use cases of Bitcoin and Ethereum, their popularity stems from their ease of usage, low cost, and viral growth potential. The current crackdown on mainstream cryptocurrencies may have created a void that meme coins might fill, luring buyers looking for new investment possibilities. The presale of meme coins is another important factor in their success. During a market downturn, presale cryptocurrencies provide a unique opportunity for investors. These new currencies are introduced through presales or initial coin offers (ICOs), which allow investors to purchase tokens before they are available on the general market. Because market trends do not yet influence presale coins, they enable investors to enter the market at an early stage. Overall, coins, let us welcome its highness DogeMiyagi to the meme market podium! MIYAGI is one of the most recent meme currencies, and it has the potential to become the market leader. Through thorough audits, DogeMiyagi proudly emphasises its dedication to identity verification and risk assessment. Its commitment to maintaining a safe environment has won the prestigious Know Your Coin (KYC) accreditation, indicating its commitment to fostering community trust. DogeMiyagi understands the importance of community involvement and aims to establish an environment that values and benefits all members. DogeMiyagi aspires to stand out in the ever-changing world of cryptocurrencies with its unique features, attention to security and compliance, and commitment to community trust. DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi', 'A leaked document distributed to Democratic House Financial Services Committee members has revealed the “key messages” legislators were advised to keep to, which might result in practically all cryptocurrencies being classified as securities. As governments and regulatory agencies impose more robust controls on cryptocurrencies such as Bitcoin and Ethereum, investors and enthusiasts are left worrying about the potential repercussions. One fascinating issue arises: if the price of Bitcoin (BTC) and Ethereum (ETH) tumbles, will meme currencies become more popular? Will DogeMiyagi ($MIYAGI) become the meme market leader? Furthermore, would cryptocurrencies in presale garner greater interest because they are untouched by the current market trend? The Great Crypto Cliffhanger: Bitcoin’s Precarious Position and Ethereum’s Fate in the Balance As the crypto world holds its breath, Bitcoin’s (BTC) price is perched precariously on a stable support level, making it a compelling opportunity for eager buyers to accumulate. After several failed attempts to break free and soar to new heights, BTC is back at the notorious $27,000 barrier, like a stubborn explorer refusing to surrender to the depths. Oh, the drama! After seven days of relentless selling, Bitcoin’s price has finally taken a break from the madness, settling down for a cosy consolidation around the familiar $27,000 support level. It’s like the calm after a stormy affair, where BTC is catching its breath, unsure of its following path. Will it sweep Monday’s low at $26,694, teasing us with a swift recovery and reclaiming its support level throne? Or will it succumb to the temptation of becoming a resistance barrier, shattering our bullish dreams and potentially triggering a merciless correction to $25,290 and $23,905 levels? The plot thickens. Meanwhile, our beloved Ethereum (ETH) has been busy cooking up some technical mischief. Picture this: a bearish divergence sells signal on the daily chart, unfolding its treacherous formation between January 14 and May 13, leaving unsuspecting investors in disbelief. Story continues Like a magician revealing their trickery, this wicked move sent ETH on a 17% freefall, leaving it gasping for air at the measly $1,735 mark. But fear not! Hope lies in the mystical realm of critical support floors, and ETH’s saviour awaits at the sacred $1,705 level. If it can summon the strength to bounce back from this abyss, a glimmer of light might shine through, guiding it on a heroic journey towards the superb $2,028 destination. But patience, dear investors, patience! Remember, the tale of Ethereum’s fate is yet to be written, and it eagerly awaits Bitcoin’s proclamation of direction. In this mesmerising world of cryptocurrencies, where fortunes rise and fall with the flicker of a digital heartbeat, one thing remains clear: the intricate dance of Bitcoin sets the stage for its companion, Ethereum. The Rise of Meme Coins: Exploring the Allure and Potential of DogeMiyagi in the Crypto Market The general public is drawn to meme coins because of the possibility of rapid returns and the entertaining and dynamic communities surrounding them. While meme currencies lack the technological complexity and use cases of Bitcoin and Ethereum, their popularity stems from their ease of usage, low cost, and viral growth potential. The current crackdown on mainstream cryptocurrencies may have created a void that meme coins might fill, luring buyers looking for new investment possibilities. The presale of meme coins is another important factor in their success. During a market downturn, presale cryptocurrencies provide a unique opportunity for investors. These new currencies are introduced through presales or initial coin offers (ICOs), which allow investors to purchase tokens before they are available on the general market. Because market trends do not yet influence presale coins, they enable investors to enter the market at an early stage. Overall, coins, let us welcome its highness DogeMiyagi to the meme market podium! MIYAGI is one of the most recent meme currencies, and it has the potential to become the market leader. Through thorough audits, DogeMiyagi proudly emphasises its dedication to identity verification and risk assessment. Its commitment to maintaining a safe environment has won the prestigious Know Your Coin (KYC) accreditation, indicating its commitment to fostering community trust. DogeMiyagi understands the importance of community involvement and aims to establish an environment that values and benefits all members. DogeMiyagi aspires to stand out in the ever-changing world of cryptocurrencies with its unique features, attention to security and compliance, and commitment to community trust. DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi', 'Is Monero better than Bitcoin? It is a question that has been asked since it was discovered that Moner mining can be much easier and more rewarding than Bitcoin. And this week Monero (XMR) has tested the truth of that assumption. As it displayed relatively uncommon stability, does that mean that Monero will surpass Bitcoin? Another question that people have been asking for a while is “What is the next big thing in crypto?” and we might be closer to the answers than we know. Big Eyes Coin (BIG) ends its presale on June 3rd and celebrates that by offering tokens at a vastly discounted price for the remainder of the presale. Monero Rises 0.47%: Is It Better Than Bitcoin? Big Eyes Coin About To Pounce On The Market Bitcoin’s Price Fluctuates Monero Rises 0.47%: Is it Better than Bitcoin? Monero (XMR) became famous for providing private transactions to its users, and for being easier to mine than Bitcoin or Ethereum. By using an algorithm that enables Monero mining on a relatively less-advantaged computer, it has prompted some to ask: is Monero better than Bitcoin? Monero’s XMR has exhibited relatively low volatility compared to the overall cryptocurrency market. On Monday, it saw a modest increase of 0.47% to reach $153.8. InvestorsObserver assigns Monero a Volatility Rank of 14, indicating its low volatility compared to other cryptocurrencies. This places Monero in the bottom 14% of cryptos in terms of volatility. The low volatility ranking suggests that Monero’s price experiences narrower swings and is less susceptible to manipulation. Currently, Monero’s price is trading near resistance levels, with support at around $152.44 and resistance at approximately $153.94. This may indicate potential selling pressures ahead as the coin may be reaching an overextended state. Big Eyes Coin About To Pounce On The Market Big Eyes Coin’s community has carried it through 13 stages of presale, and now the end is almost upon us, as the end of the presale has been given a date; June 3rd. The official launch will follow soon after on June 15th, but for the remainder of this final month, the presale price will be cut down to $0.00017 which was the price during stage 3. Story continues By selling its token at a fraction of a cent, Big Eyes Coin has confirmed its dedication to its community and its gratitude for its support. Now, we can look forward to the launch of BIG’s casino and its NFT collection. The Casino will allow holders to play P2E games using their $BIG as currency and betting chips. And the NFT collection will act as an owners’ club by providing members with exclusive events, content, and opportunities. Big Eyes Coin has announced that it will allocate 5% of its token supply to a charity wallet dedicated to donating to charities that are saving the oceans, forests, and animals. Bitcoin’s Price Fluctuates Bitcoin (BTC) recently broke the $27,200 level, sparking speculation about its future price. Hedge fund manager Paul Tudor Jones expressed concerns about Bitcoin’s regulatory challenges and diminished positive outlook due to lower inflation expectations. CoinShares reported four weeks of outflows from crypto investment funds, primarily in Bitcoin-related products, indicating negative sentiment. The US dollar gained traction ahead of the US Debt Ceiling Talks and the release of retail sales data. Bitcoin’s technical indicators suggest a potential bullish rebound if it maintains support above $26,800, targeting $27,800 or $27,500. The answer to the first question we asked was “Is Monero better than Bitcoin?” may not be so easy to agree upon, and neither is the answer to the second question “What is the next big thing in crypto?” but we can make educated guesses on both of them. Monero mining does not require much computational power which has helped raise its price significantly. And with the end of Big Eyes Coin’s presale, things in the crypto world might soon change, since we will be finally able to witness its potential in effect. Big Eyes Coin (BIG) Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL Instagram: https://www.instagram.com/BigEyesCoin/ Twitter: https://twitter.com/BigEyesCoin', 'Is Monero better than Bitcoin? It is a question that has been asked since it was discovered that Moner mining can be much easier and more rewarding than Bitcoin. And this week Monero (XMR) has tested the truth of that assumption. As it displayed relatively uncommon stability, does that mean that Monero will surpass Bitcoin? Another question that people have been asking for a while is “What is the next big thing in crypto?” and we might be closer to the answers than we know. Big Eyes Coin (BIG) ends its presale on June 3rd and celebrates that by offering tokens at a vastly discounted price for the remainder of the presale. Monero Rises 0.47%: Is It Better Than Bitcoin? Big Eyes Coin About To Pounce On The Market Bitcoin’s Price Fluctuates Monero Rises 0.47%: Is it Better than Bitcoin? Monero (XMR) became famous for providing private transactions to its users, and for being easier to mine than Bitcoin or Ethereum. By using an algorithm that enables Monero mining on a relatively less-advantaged computer, it has prompted some to ask: is Monero better than Bitcoin? Monero’s XMR has exhibited relatively low volatility compared to the overall cryptocurrency market. On Monday, it saw a modest increase of 0.47% to reach $153.8. InvestorsObserver assigns Monero a Volatility Rank of 14, indicating its low volatility compared to other cryptocurrencies. This places Monero in the bottom 14% of cryptos in terms of volatility. The low volatility ranking suggests that Monero’s price experiences narrower swings and is less susceptible to manipulation. Currently, Monero’s price is trading near resistance levels, with support at around $152.44 and resistance at approximately $153.94. This may indicate potential selling pressures ahead as the coin may be reaching an overextended state. Big Eyes Coin About To Pounce On The Market Big Eyes Coin’s community has carried it through 13 stages of presale, and now the end is almost upon us, as the end of the presale has been given a date; June 3rd. The official launch will follow soon after on June 15th, but for the remainder of this final month, the presale price will be cut down to $0.00017 which was the price during stage 3. Story continues By selling its token at a fraction of a cent, Big Eyes Coin has confirmed its dedication to its community and its gratitude for its support. Now, we can look forward to the launch of BIG’s casino and its NFT collection. The Casino will allow holders to play P2E games using their $BIG as currency and betting chips. And the NFT collection will act as an owners’ club by providing members with exclusive events, content, and opportunities. Big Eyes Coin has announced that it will allocate 5% of its token supply to a charity wallet dedicated to donating to charities that are saving the oceans, forests, and animals. Bitcoin’s Price Fluctuates Bitcoin (BTC) recently broke the $27,200 level, sparking speculation about its future price. Hedge fund manager Paul Tudor Jones expressed concerns about Bitcoin’s regulatory challenges and diminished positive outlook due to lower inflation expectations. CoinShares reported four weeks of outflows from crypto investment funds, primarily in Bitcoin-related products, indicating negative sentiment. The US dollar gained traction ahead of the US Debt Ceiling Talks and the release of retail sales data. Bitcoin’s technical indicators suggest a potential bullish rebound if it maintains support above $26,800, targeting $27,800 or $27,500. The answer to the first question we asked was “Is Monero better than Bitcoin?” may not be so easy to agree upon, and neither is the answer to the second question “What is the next big thing in crypto?” but we can make educated guesses on both of them. Monero mining does not require much computational power which has helped raise its price significantly. And with the end of Big Eyes Coin’s presale, things in the crypto world might soon change, since we will be finally able to witness its potential in effect. Big Eyes Coin (BIG) Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL Instagram: https://www.instagram.com/BigEyesCoin/ Twitter: https://twitter.com/BigEyesCoin', 'Is Monero better than Bitcoin? It is a question that has been asked since it was discovered that Moner mining can be much easier and more rewarding than Bitcoin. And this week Monero (XMR) has tested the truth of that assumption. As it displayed relatively uncommon stability, does that mean that Monero will surpass Bitcoin? Another question that people have been asking for a while is “What is the next big thing in crypto?” and we might be closer to the answers than we know. Big Eyes Coin (BIG) ends its presale on June 3rd and celebrates that by offering tokens at a vastly discounted price for the remainder of the presale. Monero Rises 0.47%: Is It Better Than Bitcoin? Big Eyes Coin About To Pounce On The Market Bitcoin’s Price Fluctuates Monero Rises 0.47%: Is it Better than Bitcoin? Monero (XMR) became famous for providing private transactions to its users, and for being easier to mine than Bitcoin or Ethereum. By using an algorithm that enables Monero mining on a relatively less-advantaged computer, it has prompted some to ask: is Monero better than Bitcoin? Monero’s XMR has exhibited relatively low volatility compared to the overall cryptocurrency m Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,146,415,131 - Hash Rate: 371932494.8664721 - Transaction Count: 486625.0 - Unique Addresses: 542208.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Tom Wilson and Vidya Ranganathan (Reuters) -Digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset. As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe. Tether is already the top performer among stablecoins -- digital tokens pegged to some fiat asset like the dollar -- and has seen its market value soar since March. Its value is anchored by a 1-to-1 peg against a cache of dollars and a supply cap at around 85 billion tokens. Demand for the coin has been so strong that its peg has held above 1 since mid-April, hitting 1.002 last week. "The banking crisis is fuelling 'hyper-bitcoinisation' - the inevitable endgame that the dollar will be worthless," said Anders Kvamme Jensen, Oslo-based founder of the AKJ global brokerage and digital asset specialist. That has spurred a flight to top cryptocurrencies such as bitcoin and ether, Jensen said. Pegged stablecoins such as tether, meanwhile, are seen more as a store of value and as a tool to facilitate transfers between cryptocurrencies and also serve as collateral for derivative trades. Conor Ryder, research analyst at digital assets data provider Kaiko, says tether's premium reflects emerging trust in both the peg and in its perceived safety from the U.S. Securities and Exchange Commission (SEC). Tether is owned by iFinex Inc, a company registered in British Virgin Islands which also owns the Bitfinex cryptocurrency exchange. Tether's main rival USDC, managed by Boston-based Circle, has been hurt by the revelation of its exposure to collapsed Silicon Valley Bank and the SEC's scrutiny of fintech and crypto firms. Another major stablecoin, BUSD, or the Binance USD token, has seen a decline since its developers said they would cease issuing new tokens after U.S. regulators labelled the asset an unregistered security. Story continues The DAI token has been bogged down because of its unusual peg to reserves that include other stablecoins and crypto currencies. "Tether is seen as less U.S.-oriented, meaning lower regulatory risk. Buying tether and bitcoin is really a vote against the U.S. system," says Jensen. On CoinMarketCap's database of 23,891 tokens, tether has risen to number 3 with a market cap of $82 bln and a share of 6.83%. NO NEWS IS GOOD NEWS To be sure, tether has long been dogged by doubts about its peg being backed by dollar reserves. All stablecoins were hurt last year during a series of events such as the collapse of crypto hedge fund Three Arrows Capital, which followed the de-pegging of Terra USD and the failure of crypto exchange FTX. "The interesting paradox here is that tether has become the industry's most trusted stablecoin," says Ryder. "Tether's safe haven status differs from bitcoin in that it is providing a safe peg to $1, one of the only stablecoins in the space that can make that claim at the minute. Bitcoin on the other hand is seen as a safe haven from monetary debasement as a form of money that is 'outside' the banking system." Bitcoin too has rallied some 73% this year, after hitting resistance around $31,000 last month. (Editing by Sam Holmes)... - Reddit Posts (Sample): [['u/rumi1000', 'First time visitor', 32, '2023-05-21 00:12', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/', "Hello,\n\nI got into bitcoin after the fork in 2017 and have never paid much attention to bitcoin cash except thinking its a scam, its centralized, etc..\n\nNow that I'm more interested in Monero and no longer a maxi I though I'd take a look here as well with an open mind.\n\nWhere should I start?", 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/', '13nar9f', [['u/knowbodynows', 20, '2023-05-21 00:20', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyhpzq/', 'This may be too elementary for you, but it is a place to start.\nhttps://whybitcoincash.com/\n\nYou will find that you can ask anything here, but the more specific your question the more satisfyingly detailed will be the answer that returns.', '13nar9f'], ['u/rumi1000', 10, '2023-05-21 00:32', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyj5c1/', "I run Bitcoin and Monero nodes and I am already convinced of the need of uncensorable and untraceable digital cash / gold. \n\nMy question is why Bitcoin Cash is better as digital cash than monero and why is it better than Bitcoin as 'digital gold'\n\nAlso, what is the blockchain size, how fast does it grow per year, how many nodes are there, can you run a node behind Tor?", '13nar9f'], ['u/LordIgorBogdanoff', 17, '2023-05-21 01:36', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyr2u8/', "'Digital Gold' is a nonsense narrative. It's just propped up by Tether, and they're even softly admitting it now. Beyond scarcity Bitcoin and Gold have little in common.\n\nAs cash, the conversation is more nuanced. Bitcoin Cash has privacy through CashFusion, but it's inferior to Monero iirc.\n\nOn the other hand, it is superior to Monero in terms of scalability (and BTC as well, by a vast margin) with lower fees and faster transaction times\n\nTLDR\nPrivacy: Monero > BCH > BTC\n\nScalability: BCH > Monero > BTC", '13nar9f'], ['u/LordIgorBogdanoff', 13, '2023-05-21 01:41', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkyrrnv/', 'I should also note, putting on my tinfoil hat, BCH is the most shorted coin alongside Monero, and exchanges have run out of both.\n\nTPTB do not like either coin.', '13nar9f'], ['u/Shibinator', 13, '2023-05-21 05:28', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkziz84/', "Welcome!\n\nhttps://bitcoincashpodcast.com/start\n\nhttps://bitcoincashpodcast.com/faqs\n\nI'm sure a lot of this will make sense if you have an open mind.", '13nar9f'], ['u/Shibinator', 20, '2023-05-21 05:30', 'https://www.reddit.com/r/btc/comments/13nar9f/first_time_visitor/jkzj3si/', "> My question is why Bitcoin Cash is better as digital cash than monero\n\nhttps://bitcoincashpodcast.com/faqs/Cryptocurrency/what-about-monero-xmr\n\n> and why is it better than Bitcoin as 'digital gold'\n\nhttps://bitcoincashpodcast.com/faqs/BCH/why-bitcoin-cash\n\nhttps://bitcoincashpodcast.com/faqs/BCH-vs-BTC/whats-wrong-with-bitcoin-btc\n\n> what is the blockchain size, \n\nCurrently 188 GB.\n\n> how fast does it grow per year, \n\nNot that fast, BCH traffic is relatively low at the moment, about 100kb / block average. Hopefully we can greatly increase that though as the community gains momentum. So far slower than BTC at the moment.\n\n> how many nodes are there, \n\nAround 750-1000 usually, depends who you ask though.\n\nhttps://blockchair.com/bitcoin-cash\n\n> can you run a node behind Tor?\n\nI assume yes, it's the same as any other crypto.", '13nar9f']]], ['u/surfer167', 'How to buy XRP?', 21, '2023-05-21 02:29', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/', 'Hey everyone, I’ve been observing from a far on all crypto but I can see the implementation of XRP and global digital payments (CBDC’s) being used in the near future. I want to know how to actually buy into XRP, I have a Coinbase account with some Bitcoin and ETH but obviously it’s not listed on there. Let me know what is the best place to buy XRP. I’m open to any advice and mentorship as well. I want to be able to build generational wealth as the economy shifts and wages against this economical revolution! \nThanks - $', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/', '13ndtgk', [['u/AnonAzy2', 18, '2023-05-21 02:32', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkyxsoq/', 'KuCoin this has been ask 1billions time search the forum next time my friend good luck', '13ndtgk'], ['u/MAH654', 21, '2023-05-21 02:34', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkyy1k2/', 'I bought mine on Uphold. That is or at least was, the only place you could buy it if you were US based. I know people were getting ripped off on Lobstr. There are sites that try to catch people with fake ones or closely sounding wording to fool newbies. I’d just stick to uphold. I have had no issues.', '13ndtgk'], ['u/surfer167', 12, '2023-05-21 03:01', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkz1bwa/', 'Well what can we do about it? Might as well make a pretty penny or am I wrong? Wouldn’t that be the smart investment', '13ndtgk'], ['u/Ant_Swagna', 11, '2023-05-21 03:24', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkz4643/', 'Uphold, KuCoin, and MEXC is what I recommend. I use all three personally and actively trade several days a week using KuCoin and MEXC. MEXC is my favorite for using leverage to either short or long digital assets. All three platforms I listed are easy for sending your XRP to your cold storage wallet such as a Trezor or Ledger. Buy it while you can for the cheap. Under $1 is a blessing…. This will hit $100 easily, then eventually $500+. Don’t make the biggest mistake of your financial life and not snag a big bag. Every 10,000 XRP = $1,000,000 when XRP hits $100. So snag at-least 50,000 XRP to solidify your future!', '13ndtgk'], ['u/neily50', 17, '2023-05-21 03:36', 'https://www.reddit.com/r/XRP/comments/13ndtgk/how_to_buy_xrp/jkz5jdh/', 'Your government are corrupt as fuck… leave the 🇺🇸 USA. Thieving scum.', '13ndtgk']]], ['u/Mojo-ManVixen', 'NBA Topshop Retirement Portfolio', 16, '2023-05-21 03:51', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/', 'Which NBA Topshot cards should I invest in to secure a lucrative retirement portfolio? With Bitcoin projected to be over $1M a coin in 10 years, I wonder whether I should just put all my money various crypto or spend all my disposable income on Topshots. Thanks!', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/', '13nfkrj', [['u/mattw08', 13, '2023-05-21 04:04', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jkz8xuw/', 'Do you want to retire or work forever?', '13nfkrj'], ['u/Full-Description-291', 70, '2023-05-21 04:05', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jkz90bq/', 'How about you just give me all your money. That way you still lose everything, but at least you help someone else in the process.\n\nWant to save for retirement? Get an IRA, put your money in an index fund, you absolute muppet. Only gamble on speculative investments with speculative money.', '13nfkrj'], ['u/Bboy1830', 26, '2023-05-21 04:05', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jkz90za/', 'Bruce Brown', '13nfkrj'], ['u/HumanNumberFour', 10, '2023-05-21 14:53', 'https://www.reddit.com/r/nbatopshot/comments/13nfkrj/nba_topshop_retirement_portfolio/jl0u7a5/', 'Lol this has to be a troll post.', '13nfkrj']]], ['u/SoftRelease3955', 'Simple way to explain why bitcoin can’t be hacked.', 16, '2023-05-21 03:54', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/', 'Was having a fire with my brother in law this evening and was trying to explain the concept of Bitcoin. He kept saying it’s inevitable AI and super computers will be able to disrupt the network or recover your private key. I tried my hardest to give him a explanation but I feel like it was half ass. Would you guys be able to help fabricate a simple explanation you could give a none bitcoiner why this wouldn’t be possible. Thanks', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/', '13nfmko', [['u/The-Francois8', 10, '2023-05-21 04:06', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkz96jj/', 'Simplest answer is because if it could be done, someone would have already done it.', '13nfmko'], ['u/castorfromtheva', 12, '2023-05-21 04:19', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzaryn/', 'Don\'t start offering bitcoin as a solution when your audience doesn\'t even get that fiat is a ponzi. Other than that ignorant people don\'t deserve more than a "Have fun staying poor".\n\nExplaining tech would here just be a waste of time for you. His arguments show he believes a lot. And knows a little.', '13nfmko'], ['u/Top-Dragonfruit-8199', 24, '2023-05-21 04:21', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzayns/', '“Brute force attacks against 256-bit encryption will be infeasible until computers are built from something other than matter and occupy something other than space.”\n\n1) AI and quantum computing be damned, it’s effectively impossible for sha-256 to be cracked\n\n2) if humans think it will be, there’s nothing that says BTC can’t move to 512-bit encryption, and so on', '13nfmko'], ['u/IIIIIIllllllll0', 35, '2023-05-21 05:34', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzjloj/', 'By the same logic his bank account and stock brokerage account would be stolen by the ai too wouldnt it?', '13nfmko'], ['u/Superb_Procedure_92', 13, '2023-05-21 06:01', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzme8a/', 'Exactly. All other forms of banking will be much more vulnerable', '13nfmko'], ['u/uclatommy', 32, '2023-05-21 06:43', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzqj3l/', "Dude, he used AI in his argument. Just ask chatGPT to explain it to him why bitcoin can't be hacked.", '13nfmko'], ['u/[deleted]', 17, '2023-05-21 07:47', 'https://www.reddit.com/r/Bitcoin/comments/13nfmko/simple_way_to_explain_why_bitcoin_cant_be_hacked/jkzwbpu/', 'I actually did this invariantly. I picked 24 unique words from BIP39 library and asked chat gpt to produce me a list of every possible combination of permutations. \nChat GPT responded saying there isn’t enough computational power to solve this. \n\nChat GPT and I went back in forth debating. I asked it for other references do help me grasp the scaling in permutations produced from a 24 word seed phrase. \n\nI asked chat gpt how much storage data it would need if all combinations were written in plain txt. Chat gpt responded saying, there is not enough storage space even combining all current storage that exists. \n\nI asked it to describe it in grains of sand , then I asked it if those grains of sand were stacked one in front of the other how many kilometres would that be, then I asked it home many times would that distance go around the earth , \n\nChat gpt said if you put grains of sand one in front of the other it would wrap around the earth 449 million times. \n\nThat’s how many potential combinations there are. \n\nOn top of that there are so many nodes now the compute power that would be needed to surpass 50% and over rise the blockchain record is nearly incomprehensible at this point. The bitcoin blockchain is the most secure data set ever created', '13nfmko']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, May 21, 2023', 26, '2023-05-21 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/', '13ni97d', [['u/bittabet', 28, '2023-05-21 08:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jkzydx7/', 'Not trading talk but I’ve been drinking and damn…seeing the bitcoin conference in person got me fucking emotional about how incredibly far we’ve come. Did you EVER really think we’d be seeing a Kennedy proclaiming his belief in Bitcoin publicly? To have multiple US Senators show up? To have a well known former congressman announce that he’s literally just working to advocate for Bitcoin now? To have multiple billionaires come and talk about how they’re still buying. To have Shell there to sell immersion cooling fluid to miners.\n\nCompletely fucking blows my mind how far we’ve gotten and I simultaneously feel immense nostalgia and just gratitude that Satoshi did what they did. Some days I have been filled with immense self doubt about whether I’ve lost my mind becoming a laser eyed lunatic but then when you see this shit with your own eyes you realize that we’re an immense army of laser eyed lunatics now and the people like Senator Pocahontas who think they can just push ahead trash legislation to kill Bitcoin haven’t comprehended what the fuck they’re up against now.\n\nMore have seen and more will see. \n\nAlso, fuck the shitcoins 😂 Ain’t no fucking presidential candidates pandering for the shitcoiner vote because shitcoins aren’t about human freedom.', '13ni97d'], ['u/anon-187101', 18, '2023-05-21 08:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl001xj/', "I really hope the US Government doesn't fucking rug me on May 30th when my Treasury Bills are set to mature...\n\n...the irony alone would be brutally painful.\n\n---\nAs an aside, it struck me that repubs threatening default is akin to threatening to sink the boat you're on if the Captain doesn't change course, just because you think you see an ominous cloud pattern on the horizon.\n\n(Granted, the threats have nothing to do with the weather, and everything to do with what they see as their share of the cargo below deck.)\n\nJust insane at best, ruthless malevolence at worst.", '13ni97d'], ['u/anon-187101', 13, '2023-05-21 09:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl030zl/', 'I\'m really beginning to loathe "people" as a collective\n\nindividuals can be amazing, but the average "group of people" is just terrible, isn\'t it? and repubs are the fucking worst, horrible humans the lot of em\n\n:/', '13ni97d'], ['u/jarederaj', 20, '2023-05-21 10:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl07e62/', 'This comment is edging with politics. It’s relevant, but we really want to keep the toxic red/blue team stuff out of here… even if red/blue are doing everything they possibly can to make bitcoin globally dominant. (by sinking the ship over stupid shit)\n\nWorst thing about the bitcoin cycle is how tied together it is with the political calendar. Would be nice if we can make this a refuge from that this cycle.', '13ni97d'], ['u/Downtown-Ad-4117', 12, '2023-05-21 11:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0bz0p/', 'I recommend daily cardio exercise. If your mood doesn’t improve, at least you’ll be fit as fuck.', '13ni97d'], ['u/Yodel_And_Hodl_Mode', 14, '2023-05-21 12:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0ghf0/', "> seeing the bitcoin conference in person got me fucking emotional about how incredibly far we’ve come.\n\nWatching video from the conference got me emotional thinking about how early we still are... and though that's frustrating, it's also so unbelievably amazing.\n\nI watched some of the Strike presentation, and I've been thinking about how what we need the most is two things:\n\n1: ON-RAMPS. Good lord, it's 2023 and it takes layers upon layers to get money in and out. For example, I'm currently getting my purchases declined on Coinbase even though I've been buying there for years with the exact same bank account, and there's money in my bank account. I called my bank. They called Visa. Neither has declined any transactions. Madness.\n\nGetting fiat into Bitcoin needs to be easier.\n\n2: SELF-CUSTODY. It's still ridiculously stupidly complicated. Ledger made it easy, but they burned their reputation to the ground by adding the ability to extract keys into their firmware even though they swore they would never do that. WHUT?!?\n\n> yes a firmware update can extract the seed\n\n> [SOURCE](https://np.reddit.com/r/CryptoCurrency/comments/13ldgcl/my_personal_view_on_the_pr_disaster_from_a_ledger/jkpnk2h/): murzika, Ledger Co-Founder, Former CEO, and Former Chairman\n\nAnd since their code isn't open source:\n\n> There's no backdoor and I obviously can't prove it\n\n> SOURCE: [--btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/)\n\nMeanwhile, other open source wallets can't even figure out how to set up the freaking BIP39 spec. Trezor, OneKey, KeepKey, Blockstream Jade, etc. They all use BIP39 but they don't save the BIP39 passphrase on the device, which means you have to enter the passphrase each time you turn on the device, which discourages users from using a proper length passphrase, which defeats the freaking purpose. Keystone might have this issue too?\n\nDamn.\n\nI love Bitcoin, but I feel like it's still the mid 1990s sometimes.\n\nIn 1996, I got a job at a company on the other side of the country. I was so excited. I found a local radio station there that streamed online, which was a big deal in '96. Anyway... my computer froze while running the RealAudio software to stream the station, but the stream kept playing... so I left it going, for hours, and I just laughed at the absurdity of listening to a station in the city I'll be moving to on a frozen PC.\n\nI feel like crypto is still that primitive now. Good grief. Most hardware wallets are janky junk hardware. My microwave has a better display than my Ledger. Better buttons too. Come on.\n\nWe need currency on ramps and we need self custody solutions that aren't a joke without a punchline.\n\nBitcoin is fantastic.\n\nIf only people had proper access to it.\n\nIf only people had decent hardware to secure it.\n\nAs long as I'm on a roll, here's the hardware I want: I want a device that does BIP85. Dammit. I want a fingerprint scanner and I want the option to set up multiple fingerprints, each assigned to a seed+passphrase derived from the first BIP39/85 mnemonic.\n\nThe Keystone Pro could easily be that device, but it's held back by software that even its users don't seem to know how to use.", '13ni97d'], ['u/GenghisKhanSpermShot', 11, '2023-05-21 13:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0mcnm/', 'Both sides are owned by the same masters pretty evenly. https://www.opensecrets.org/elections-overview.', '13ni97d'], ['u/diydude2', 11, '2023-05-21 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0pga5/', "Why would a default cause a drop in the price of Bitcoin as measured in dollars? Do you seriously think people would be scrambling to sell BTC and obtain dollars in that case?\n\nI'm genuinely interested in hearing your reasoning.", '13ni97d'], ['u/logicalinvestr', 15, '2023-05-21 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0v0fd/', "If we default, everything will immediately tank. All markets, including crypto. \n\nThere will be mass panic and a lot of companies will have serious problems. People will get laid off. Companies and banks will fail. Yes, people will sell their Bitcoin and a lot of other investments. Not because they want fiat, but because they have to pay bills and have no income. They'll also want to buy guns, food, and other supplies using fiat. There's a domino effect.", '13ni97d'], ['u/delgrey', 17, '2023-05-21 15:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl0yugh/', 'Biden: "I\'m not going to agree to a deal that protects wealthy tax cheats and crypto traders"\n\nBiden really said that. We\'re now on the same level as tax cheats.', '13ni97d'], ['u/dopeboyrico', 14, '2023-05-21 15:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl11djh/', 'If they allow default to occur and opt to raise the debt ceiling after to fix the severe negative repercussions of default, they’ll need to raise the debt ceiling much higher than if they would have just raised the debt ceiling to begin with.', '13ni97d'], ['u/anon-187101', 10, '2023-05-21 18:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl1p5et/', 'The wash sale rule should apply to "crypto", because all of that bullshit are securities. It should not apply to bitcoin, because BTC is very clearly a commodity (and probably also a "foreign currency").\n\nThe proposed 30% excise tax on bitcoin mining is absolute horseshit (not differentiating between sources of energy production and the right to consume as much energy as one wants in any way if he/she has paid for it is insane), and a glaring example of a government overreaching big time, trying to pick winners/losers across industries.', '13ni97d'], ['u/GenghisKhanSpermShot', 11, '2023-05-21 18:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ni97d/daily_discussion_sunday_may_21_2023/jl1pt30/', "He doesn't know where he's at, he's probably just reading talking points from bankers. Pretty impressive the last two presidents have mentioned Bitcoin, means we're onto something.", '13ni97d']]], ['u/MakerOfMillionaires', '[Draw #90] Picking a winner, then getting some dinner!', 207, '2023-05-21 06:28', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/', "#I hope everyone’s enjoying their weekend, there’s a lot of fun stuff to do!\n\n*\n\nTL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [[Entry Thread]](https://www.reddit.com/r/millionairemakers/comments/13maoqd/entry_thread_90_whether_youre_striking_villains/), you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.\n\nAdditionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.\n\nImportantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.\n\n\n\nDISCLAIMER:* Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.\n\n*\n\nDiscussion:\n\nThe [Discussion] Thread at /r/millionairemakersmeta is open. The thread also includes dates with RemindMe links for any upcoming [Entry Thread] posts of the season. All comments are welcome there for any inquiries.\n\n[Discussion for Winter and Spring 2023]: https://reddit.com/r/millionairemakersmeta/comments/zowh3x/discussion_thread_for_rmillionairemakers/\n\n\n\nExplanation:\n\nThe Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3^rd Block* after the time (being 16:00 UTC) to select the winner.\n\nIf a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it is discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.\n\nYou can see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.\n\n*\n\nStandard Protocol:*\n\nThis post will not be edited!* This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.\n\nTo verify if a hash for a file is that of Draw #90, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.\n\nIf you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: Draws/MM90\n\n*\n\nStatus Reports:\n\n/u/MakerOfMillionaires will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.\n\nIf you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.\n\n\n\nInformation Used For Draw #90:\n\n GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/master/Draws/MM90\n\n SHA-256 of Comment IDs: 354c77317a3614a3c7e1adfdd3fd2733e67ac46d5ed335780b8bde5583954388\n SHA-256 of DQed Age: d7916fe08e5a2e609acb64337af4c8ac1b39850dfebb51d246ce10b08d1b388a\n SHA-256 of Multiple Posters: 17bd6500c407741d76f5e7ba0f4253d001fc98d3f408dc39421229ad609b628d\n SHA-256 of Truncated IDs: 7aef6ef0ad9d399843e2cffcb4aaf54ced6e6041656945a18ae74fb1100a0eaf\n\n Block Selection: The Third Bitcoin Block After 21 May 2023 - 16:00:00 UTC\n Total Participants: 4870", 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/', '13nisrk', [['u/the_timezone_bot', 24, '2023-05-21 06:28', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jkzp2qd/', "1:00 PM ET happens when this comment is 12 hours and 31 minutes old.\n\nYou can find the live countdown here: https://countle.com/RgfVZhbiF\n\n---\n\nI'm a bot, if you want to send feedback, please comment below or send a PM.", '13nisrk'], ['u/midnight_squash', 10, '2023-05-21 06:29', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jkzp6j9/', 'Hi I love you all', '13nisrk'], ['u/falseconscious', 11, '2023-05-21 06:35', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jkzpsej/', 'Let’s gooooooo i got spare dollahs for the winnah', '13nisrk'], ['u/IveGotBallsOfSteel', 36, '2023-05-21 21:23', 'https://www.reddit.com/r/millionairemakers/comments/13nisrk/draw_90_picking_a_winner_then_getting_some_dinner/jl2c1hh/', "Is this for real!? I'm freaking out a little bit right now.", '13nisrk']]], ['u/boato11', 'the bitcoin 2023 conference was disappointing', 15, '2023-05-21 07:22', 'https://www.reddit.com/r/Bitcoin/comments/13njuip/the_bitcoin_2023_conference_was_disappointing/', 'I haven\'t seen a single bitcoin improvement or innovation. Just people repeating the same old stuff.\n\nThe last panel gave us the idiot Matt Odell who has Adam Back next to him and instead of asking interesting questions about simplicity or privacy asks "do you think it\'s going to go up", "bitcoin is scarce uh?".\n\nWhat a disappointment.', 'https://www.reddit.com/r/Bitcoin/comments/13njuip/the_bitcoin_2023_conference_was_disappointing/', '13njuip', [['u/boato11', 12, '2023-05-21 07:32', 'https://www.reddit.com/r/Bitcoin/comments/13njuip/the_bitcoin_2023_conference_was_disappointing/jkzv1m0/', 'Toilets have had a lot of improvements. Check out "japanese toilet".\n\nPlus, even if you have nothing new to announce at least talk about important topics instead of repeating the old stuff over and over again.', '13njuip']]], ['u/Illustrious-Cycle708', 'In honor of Sammi Sweetheart', 229, '2023-05-21 07:54', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/', 'So I’ve been rewatching OG and the more I watch the more I realize there is NO ONE funnier than Sam without trying. Therefore, in honor of her returning to our screens, I decided to initiate a Reddit tribute to Sam’s unintentionally-comical quotes. \n\nHere are some great Sam moments to refresh your memory:\n\n1. Sam finds out Jenni went home with Ronnie: “Ima knock a btch up.”\n\n2. Toe-gate. Sammi calling Ronnie a stumpy bastard and Ronnie responding by laughing at her “door stopper-Fred Flintstone toe.” Which led to the most hysterically epic fallout in Jersey Shore history and gave us this gem:\n\n“That’s not a joke to me, that’s like, personal issues.”\n😩😂\n\n3. Sam in a fight with some girls, cutting deep with her insults: “You don’t even look Italian!” \n\n4. Sam hitting the wife of the crazy boardwalk man where it hurts: “Is that a fake Louis Vuitton?” \n\n…while flailing about her own fake Chanel bag. \n\n5. RAWN STAHP\n\nThis is only a few episodes into season 1 OG. What are some of your favorite Sammi quotes from any of the seasons?', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/', '13nkga3', [['u/ApplesToApricots', 79, '2023-05-21 12:40', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0hz7b/', 'oop there goes my kuka, out everywhere', '13nkga3'], ['u/lovelxy74', 217, '2023-05-21 13:38', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0msca/', "It's funny how people become pussies all of a sudden", '13nkga3'], ['u/BashSomeNerds', 53, '2023-05-21 14:32', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0rw4a/', 'I love season 4-6 post major Ron drama Sammi, where we get to see her enjoy herself. It cracks me up when and JWoww are fed up and skeeved out by the Meatballs', '13nkga3'], ['u/pookie74', 45, '2023-05-21 14:32', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0rxed/', "I'm done wit it....\nDone.", '13nkga3'], ['u/Thankyousandylou', 59, '2023-05-21 14:52', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0u1sh/', 'I always liked her. So many people hated her but i thought she added character because she is so Jersey/Italian or whatever.', '13nkga3'], ['u/mouthwash_juicebox', 147, '2023-05-21 15:03', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0v9n2/', 'Who wrote the note? Yous two!', '13nkga3'], ['u/r00giebeara', 382, '2023-05-21 15:07', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0vq95/', "I actually like Paula. She might be dirty, grimy, and disgusting but she's just a nice girl.", '13nkga3'], ['u/Acrobatic-Zombie-453', 194, '2023-05-21 15:17', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0wvxt/', 'What are these? Some kind of weird strawberries?', '13nkga3'], ['u/Illustrious-Cycle708', 54, '2023-05-21 15:34', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl0yxxb/', 'Omg she didn’t know what raspberries were! Wtf lol', '13nkga3'], ['u/mivida824', 92, '2023-05-21 15:58', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl11wn1/', 'I remember reading that she was actually really funny, but they didn’t really show that side of her on the show. But you see glimpses of it for sure.. “Deena, are you lesbian?!”', '13nkga3'], ['u/Responsible-Help-424', 142, '2023-05-21 16:00', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1273k/', '“C’mon she looked like a fking rodent!” - Sammi comforting Snooki, after Vinny brings home a girl to smash. (S3 ep10)', '13nkga3'], ['u/Background_Cell2760', 21, '2023-05-21 16:04', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl12q0y/', '“PUSSIES?”', '13nkga3'], ['u/pghjuice412', 189, '2023-05-21 16:05', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl12s2o/', '“Hey we’re going to Ryders birthday!” \n\nI DONT GIVE A FUCK! ARE YOU FRIENDS WITH HER?!', '13nkga3'], ['u/Illustrious-Cycle708', 25, '2023-05-21 16:05', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl12ufa/', 'This is the only way I want to be comforted 😂', '13nkga3'], ['u/boujeedollface', 78, '2023-05-21 16:09', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl13drn/', 'after her season 5 club fight:\n “you don’t pull my newly weave that i just got” and “i was taught to self defend myself” \nsammi will always be my fav', '13nkga3'], ['u/smarttea', 16, '2023-05-21 16:22', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl15374/', 'Now I want to do re watch if all the seasons!', '13nkga3'], ['u/OFT35', 11, '2023-05-21 16:34', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl16mj3/', 'Paula was one of those girls with smelly feet that I’m attracted to', '13nkga3'], ['u/hunany', 83, '2023-05-21 16:59', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1a0zq/', '"It was me against the world! And I still held on to my clutch." Honestly, a slept-on Icon 💅', '13nkga3'], ['u/Hi-Im-Lo', 29, '2023-05-21 17:05', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1av76/', 'Sammie is referred to as “Sammie Salads” in our household because that’s all she contributes to the family dinners.', '13nkga3'], ['u/hunany', 46, '2023-05-21 17:11', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1bol8/', '"Just stay wit it. You only learn. You grow. You move on. You have to push through every situation that you\'re in." Sammi giving top tier life advice, which ended up convincing Snooki, another Icon, to stay, cementing the Fate of the Fam\n\n"Did I not like you that first night, I\'m gonna tell you honestly, no I did not like you. [Later, I saw a different side] I don\'t know this girl, I\'m not gonna judge her." Always keeping it 100, even amidst the "pukey breath" gem\n\nShe\'s the sweetest, prissiest btch I\'ve ever FWH, all I know', '13nkga3'], ['u/zephsoph', 45, '2023-05-21 17:22', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1dc33/', 'You and your sidekick', '13nkga3'], ['u/zephsoph', 43, '2023-05-21 17:23', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1ddn0/', 'FUNNY HOW PEOPLE BECOME PUSSIES 💅💅', '13nkga3'], ['u/zephsoph', 46, '2023-05-21 17:24', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1di73/', 'ARE 👏 YAW 👏 FRANS 👏 WITHURR 👏 YES 👏 OR 👏 NAW', '13nkga3'], ['u/Reznov99', 29, '2023-05-21 17:29', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1eb8g/', 'Digital footprint', '13nkga3'], ['u/Ew_No_Thanks_', 107, '2023-05-21 17:35', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1f5dq/', 'long, stunned pause ✋🏼🤚🏼✋🏼 “goodbye”', '13nkga3'], ['u/Efficient_Cap_546', 30, '2023-05-21 17:47', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1gske/', 'That one was kind of a bully comment from her tho lol. She had no reason to say it', '13nkga3'], ['u/Illustrious-Cycle708', 13, '2023-05-21 17:54', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1hve9/', 'I love this one! 😂😂😂 #thedrama', '13nkga3'], ['u/Illustrious-Cycle708', 17, '2023-05-21 18:02', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1izao/', 'Not “self-defend myself”!! 😂😂😂 Gawd I love Sam', '13nkga3'], ['u/KtBobz', 36, '2023-05-21 18:10', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1k4dy/', 'Sammi’s talking head when Snooki brings a guy back. “Snookums shows up with a random guy…Like, honestly, like he looks decent.”\nAs if she’s surprised Snooki could pull that off …all her “compliments” are backhanded it seems lol', '13nkga3'], ['u/bam_margeras_scarf', 28, '2023-05-21 18:16', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1l1x7/', 'I\'ve been saying, "I just don\'t want your pukey breath on may." Weekly for the last 13 years . Referring to the first night snookie got wasted and Sam was acting like a total bitch and said that great line', '13nkga3'], ['u/EmotionalCelery5989', 53, '2023-05-21 18:23', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1lzt0/', 'The episode where she tells Vinny (I don’t remember the exact quote) “you’re always talking about positivity but you really are an asshole!”', '13nkga3'], ['u/beautybeans_', 27, '2023-05-21 18:40', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1ohd9/', 'First of all! Second of all!', '13nkga3'], ['u/DatMahomes', 10, '2023-05-21 18:44', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1p0f9/', '“You don’t even look Italian” episode was on a few days ago. It blows me away still to this day. Hilarious.', '13nkga3'], ['u/Stunning-Weird-2374', 20, '2023-05-21 19:12', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl1t2m3/', 'When she is talking to Mike (about the Arvin situation I believe) and says “now you’re being a schemer and a scumbag”. I crack up every time and try to use it in everyday life when the situation arises 🤣🤣', '13nkga3'], ['u/labrujamisteriosa', 42, '2023-05-21 20:12', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl21rqy/', '“I don’t repeat myself twice” proceeds to repeat herself', '13nkga3'], ['u/GirlsesPillses', 58, '2023-05-21 20:28', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl245qb/', '“ Fuck you Nicole! And your fuhkin sidekick!” While holding the paper towel roll. 🤣', '13nkga3'], ['u/mivida824', 16, '2023-05-21 20:35', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl251s4/', 'During a recent rewatch (it might have been the extended scene), I noticed that during this argument, she did the “jack off” motion and told them something like fuck off.. anyways, it was hilarious.', '13nkga3'], ['u/zephsoph', 30, '2023-05-21 21:11', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2ad8d/', 'Tbf calling 2009 JWoww a pussy is a bold ass move', '13nkga3'], ['u/pbake01', 40, '2023-05-21 21:24', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2c62x/', 'Not a quote, but in the taxi in Italy when Deena is fucking smashed and she’s just talking gibberish and making noise. The camera pans to Sammi’s face who just deadpan nods in an agreeing motion. I die laughing every time.', '13nkga3'], ['u/Longjumping_Staff_71', 51, '2023-05-21 21:24', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2c6gs/', 'she’s always so out of pocket for no reason and it’s so funny', '13nkga3'], ['u/dfmoti', 11, '2023-05-21 21:35', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2dr7s/', 'Lmfaoo and she seemed to be just enjoying herself as a hot 20 something!', '13nkga3'], ['u/East_Chemistry_9197', 12, '2023-05-21 21:46', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2fa50/', 'They are creeping me out (Sammi about Snooki and Deana drunk in italy)', '13nkga3'], ['u/East_Chemistry_9197', 29, '2023-05-21 21:49', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2fq3f/', 'I NEEDA HOT GUY RIGHT NOW', '13nkga3'], ['u/East_Chemistry_9197', 26, '2023-05-21 21:52', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2g3ni/', '"Deena is literally trying to get out of 3 feet of water because there\'s sharks in it, and Nicole is just worried about her alcoholic beverage floating away. It was legit complete chaos."', '13nkga3'], ['u/[deleted]', 23, '2023-05-21 22:20', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2jzuc/', 'Who wrote the note? Youzzzz two!', '13nkga3'], ['u/GirlsesPillses', 13, '2023-05-21 22:27', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2l2qj/', '“You can fuckin suck it!” I only know this bc recently did a re-watch as well lol 🫣', '13nkga3'], ['u/rayannem', 21, '2023-05-21 23:38', 'https://www.reddit.com/r/jerseyshore/comments/13nkga3/in_honor_of_sammi_sweetheart/jl2uyw2/', 'She read him here', '13nkga3']]], ['u/DovahMuuliik', 'Just wanted to share a recent scam with you guys that almost felt believable', 133, '2023-05-21 07:56', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/', 'So I got contacted by some lady on Insta (Sabrina D. Wright, sabrina451121 for insta handle). She seemed nice at first, asking me how I am, where am I from, asked about my art + followed me. Then she asked whether I want to do business with her, so she explains that she has clients and would like to provide me with commissions. When the client pays, I get most of the commission money and she gets some of it. I agree but I tell her, I\'ll need to be paid upfront before I start with a commission. She is adamant that she doesn\'t pay until there is proof of work. I say ok how do I prove this and she says just first sketch and then she\'ll do a transfer. That didn\'t seem too unreasonable to me, so I agree.\n\nShe sends me the first picture of the client. ( I did look this picture up, it is in fact a real person who works for some investment company, ok checks out I think). She explains to me that she pays people in Bitcoin on Binance which is fine, some of my relatives get paid that way by big corporations. So I do the first sketch and send it to her stating that I won\'t continue unless I get paid first as an assurance this is real. She tries to "send" me money on my Binance (brand new account cause I use my husband\'s usually for the crypto stuff), she sends me a screenshot saying there\'s an error cause I haven\'t verified my account by putting money into it ( she can\'t take money from my account if she just has my wallet address so this is fine but of course I am already starting to question this). So I tell her to just use my husband\'s wallet address since his account is completely verified. At first she doesn\'t want to but after I mention he has money sitting in his account she suddenly agrees, ok this is definitively not real. She then comes back to me and says oh I need to follow this process so I can retrieve my pending payment, the payment she sent from her Binance to my Binance. That\'s when I was like this is so fake cause Binance processes payments immediately, no need for third party websites.\n\nI\'ve seen so many scams, usually they get right to the point where they need you to send them money first or whatever but this one was really thorough and thought out. This person never asked once for money, they literally act like they\'re serious by wasting your time. Also this one\'s vocabulary was surprisingly good unlike others who can barely spell. I\'ve come to the conclusion that I will never ever draw again without an upfront payment. \n\nSo pls just beware, the scams seem to be evolving.', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/', '13nkhce', [['u/jawanda', 87, '2023-05-21 08:35', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl004lc/', "Glad you avoided getting burned. \n\n>I've come to the conclusion that I will never ever draw again without an upfront payment. \n\nThis is the correct takeaway !", '13nkhce'], ['u/raccoonerror', 73, '2023-05-21 09:55', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl065rt/', 'Can artists not be the targets of annoying scams for 5 minutes??😭', '13nkhce'], ['u/Special_Dimension_15', 13, '2023-05-21 10:02', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl06p34/', 'Yup I had a similar yet slightly different thing happen with a fake Zelle transaction. The scammers have scripts that they use for different responses. That person said they wanted to buy two of my paintings and we discussed pricing and shipping then sent me a "Zelle" transfer and said that I don\'t have a business account so Zelle will charge them extra $320 that I will need to return in order to accept the funds. Sure... btw the so called Zelle transfer confirmation was from a gmail address.. I pretty much don\'t trust Instagram inquiries at this point', '13nkhce'], ['u/DovahMuuliik', 14, '2023-05-21 10:18', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl07to9/', 'Thank you so much and yes learned my lesson at this point.', '13nkhce'], ['u/DovahMuuliik', 15, '2023-05-21 10:20', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl07y2g/', "Ikr, frustrates me because every time someone would contact me wanting a commission, I get my hopes up, finally someone wants my work but yeah no lol, every inquiry I've had has been scam.", '13nkhce'], ['u/DontLaughArt', 17, '2023-05-21 11:20', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0c5vn/', "i have a couple clients that, if they call for a crazy deadline, ill start immediately . ive been working with these clients for over 20 years with zero problems.\n\nother than them, when your 50% deposit CLEARS my bank, then ill start\n\nOP, thanks for scam heads up\n\nat least NOW...you've decided not to start without $$$...better late than never :)", '13nkhce'], ['u/Artboggler', 15, '2023-05-21 12:01', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0f1ii/', 'I kind of have a good bs detector due to autism so I don’t really see any that are believable to me', '13nkhce'], ['u/Special_Dimension_15', 12, '2023-05-21 12:40', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0hynq/', "Well first of all, people don't tell me what they pay for my work, I tell them what I 'd charge so I see that as a red flag as well.", '13nkhce'], ['u/maxluision', 50, '2023-05-21 13:35', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0mhdu/', "I would ALWAYS avoid bitcoin, don't care if some people really get paid with them. Also, someone talking about my art, asking questions, saying they represent customers? WAY too unbelievable, lmao. Why didn't you check any proof of THEIR activity in sm, as a customer representative?", '13nkhce'], ['u/V4nG0ghs34r77', 10, '2023-05-21 14:56', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl0uhxh/', "Any time there is a specific way to pay, I'm out. It's always the red flag to me.", '13nkhce'], ['u/maxluision', 14, '2023-05-21 16:20', 'https://www.reddit.com/r/ArtistLounge/comments/13nkhce/just_wanted_to_share_a_recent_scam_with_you_guys/jl14rgf/', "Yeah, by sm I mean social media. I think there should be some proof that they indeed work with clients but since you didn't find anything, I would on your place just block them immediately. I just don't accept any alternative payments too, the scamming is so popular in case of bitcoin and other crypto that I'm actually surprised some people still treat them seriously.", '13nkhce'], ['u/Chalkarts', 12, '2023-05-21 16:25', 'https://www.re... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital. Insights: The crypto industry is spending less than other industries on lobbying. That may need to change. Prices CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning Asia, Bitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806. During the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year. “Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.” Meanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was the victim of vote fraud over the weekend. This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code. Story continues In the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66. The Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders. Asset Ticker Returns DACS Sector Gala GALA −6.0% Entertainment Terra LUNA −4.5% Smart Contract Platform Solana SOL −4.3% Smart Contract Platform Insights The Crypto Industry\'s Lobbying Deficit A recent report from Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year. Some expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy. Overall in 2022, industries and activist groups of all shapes and sizes spent $4.1 billion on federal lobbying efforts. As for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year, according to Open Secrets data. Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend. In comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year. The industry\'s political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter, Open Secrets recently reported . Major contributors included Coinbase, which alone spent $3.4 million on lobbying. Open Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year. Tether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, but is a huge jump over its first quarter 2022 spend of $100,000. Tether\'s jump in lobbying spend during the first quarter of the year (OpenSecrets) The Blockchain Association is up as well , to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxos also saw a huge jump , with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter. Of course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent $2 million during this past quarter , while Citigroup spent $1.4 million. Sadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it. Important events. Bitcoin Pizza Day The Future of U.K. Crypto Regulation 9:15 a.m. HKT/SGT(1:15 a.m. UTC): People\'s Bank of China interest rate decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ripple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey \'Jihoz\' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation. Headlines Bitcoin Payments App Strike Expands to More Than 65 Countries From Three: Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it\'s pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia. Sotheby\'s Auctions Part of 3AC\'s Rare NFT Collection, Bringing In $2.4 Million: The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187. Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield: The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital. U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M: An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday. Ledger’s Hard Lesson: Being Right Isn\'t Good Enough: Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital.\nInsights:The crypto industry is spending less than other industries on lobbying. That may need to change.\nCoinDesk Market Index (CMI)\n1,179.39\n−18.1▼1.5%\nBitcoin (BTC)\n$26,593\n−517.1▼1.9%\nEthereum (ETH)\n$1,798\n−24.0▼1.3%\nS&P 500 daily close\n4,191.98\n−6.1▼0.1%\nGold\n$1,981\n+2.6▲0.1%\nTreasury Yield 10 Years\n3.69%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,179.39", "\\u221218.1\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,593", "\\u2212517.1\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,798", "\\u221224.0\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,191.98", "\\u22126.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+2.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.69%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nGood morning Asia,\nBitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806.\nDuring the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year.\n“Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.”\nMeanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was thevictim of vote fraud over the weekend.This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code.\nIn the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66.\nThe Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.0%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}]\nThe Crypto Industry\'s Lobbying Deficit\nA recent reportfrom Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year.\nSome expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy.\nOverall in 2022, industries and activist groups of all shapes and sizes spent$4.1 billion on federal lobbying efforts.\nAs for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year,according to Open Secrets data.Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend.\nIn comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year.\nThe industry\'s political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter,Open Secrets recently reported. Major contributors included Coinbase, which alone spent $3.4 million on lobbying.\nOpen Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year.\nTether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, butis a huge jumpover its first quarter 2022 spend of $100,000.\nThe Blockchain Associationis up as well, to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxosalso saw a huge jump, with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter.\nOf course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent$2 million during this past quarter, while Citigroup spent $1.4 million.\nSadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it.\nBitcoin Pizza Day\nThe Future of U.K. Crypto Regulation\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):People\'s Bank of China interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRipple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets\nRipple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey \'Jihoz\' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation.\nBitcoin Payments App Strike Expands to More Than 65 Countries From Three:Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it\'s pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia.\nSotheby\'s Auctions Part of 3AC\'s Rare NFT Collection, Bringing In $2.4 Million:The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187.\nDemand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield:The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.\nU.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M:An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.\nLedger’s Hard Lesson: Being Right Isn\'t Good Enough:Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital.\nInsights:The crypto industry is spending less than other industries on lobbying. That may need to change.\nCoinDesk Market Index (CMI)\n1,179.39\n−18.1▼1.5%\nBitcoin (BTC)\n$26,593\n−517.1▼1.9%\nEthereum (ETH)\n$1,798\n−24.0▼1.3%\nS&P 500 daily close\n4,191.98\n−6.1▼0.1%\nGold\n$1,981\n+2.6▲0.1%\nTreasury Yield 10 Years\n3.69%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,179.39", "\\u221218.1\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,593", "\\u2212517.1\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,798", "\\u221224.0\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,191.98", "\\u22126.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+2.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.69%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nGood morning Asia,\nBitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806.\nDuring the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year.\n“Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.”\nMeanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was thevictim of vote fraud over the weekend.This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code.\nIn the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66.\nThe Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.0%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}]\nThe Crypto Industry\'s Lobbying Deficit\nA recent reportfrom Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year.\nSome expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy.\nOverall in 2022, industries and activist groups of all shapes and sizes spent$4.1 billion on federal lobbying efforts.\nAs for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year,according to Open Secrets data.Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend.\nIn comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year.\nThe industry\'s political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter,Open Secrets recently reported. Major contributors included Coinbase, which alone spent $3.4 million on lobbying.\nOpen Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year.\nTether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, butis a huge jumpover its first quarter 2022 spend of $100,000.\nThe Blockchain Associationis up as well, to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxosalso saw a huge jump, with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter.\nOf course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent$2 million during this past quarter, while Citigroup spent $1.4 million.\nSadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it.\nBitcoin Pizza Day\nThe Future of U.K. Crypto Regulation\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):People\'s Bank of China interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRipple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets\nRipple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey \'Jihoz\' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation.\nBitcoin Payments App Strike Expands to More Than 65 Countries From Three:Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it\'s pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia.\nSotheby\'s Auctions Part of 3AC\'s Rare NFT Collection, Bringing In $2.4 Million:The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187.\nDemand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield:The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.\nU.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M:An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.\nLedger’s Hard Lesson: Being Right Isn\'t Good Enough:Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.', 'Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded Sunday, investors continue to weigh the implications of U.S. debt ceiling negotiations.\nBitcoin fell 1.95% over the last 24 hours to US$26,669 at 9:30 a.m. in Hong Kong. That decline contributed to a loss of 1.27% over the past seven days, according todatafrom CoinMarketCap.\nBitcoin has so far failed to react positively tolower than expectedU.S. consumer price index (CPI) data and to ongoing efforts to raise the U.S. debt ceiling, said Markus Thielen, head of research and strategy at Singapore-based crypto lender Matrixport, in a note.\n“The world’s largest cryptocurrency by market cap has been trading sideways since March, and bar any significant macro news, is unlikely to break US$30,000 anytime soon,” Jeff Mei, chief operating officer of crypto exchange BTSE, said. “Plus, the ongoing macro uncertainty is dampening retail investors’ enthusiasm for ‘YOLOing’ into risk assets right now, while institutional investors are cautiously hedging their bets too.”\nEther dropped 1.14% in the past 24 hours to US$1,800, down 0.49% over the past week.\nSolana was the biggest loser among the top 10 non-stablecoin cryptocurrencies. It recorded a 4.22% decline over the past 24 hours and a 6.92% loss for the week.\nTron, however, climbed 2.73% over the past 24 hours to US$0.07464, up 7.47% over the past week. Matrixport’s Thielen suggested this may be related to theannouncementon May 11 by Tron founder Justin Sun that he would begin trading in memecoins.\nMeanwhile, Tornado Cash rose 23.38% in the past 24 hours to US$4.62. The coin had plummeted to as low as US$3.859 on Sunday before recovering.\nThe drop came as the token’s issuer — the Tornado Cash decentralized autonomous organization (DAO) — fell victim to what appeared to bevoter fraudover the weekend. Binance, the world’s largest crypto exchange,saidon Sunday that it had temporarily halted trading of the token.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index remained flat at 3,399.6 points in the 24 hours to 10:30 a.m. in Hong Kong. The index was up 1.77% over the past seven days.\nNFT sales on Ethereum, the most-used blockchain for NFTs, shrank 3.96% in the last 24 hours to US$15.1 million. Sales on the Bitcoin blockchain dropped 18.5% to US$3.54 million, according toCryptoslamdata.\nThe Mutant Ape Yacht Club collection recorded the most sales on Ethereum over the past 24 hours. Its daily sales rose 1.1% to US$1.9 million.\nWith the growing popularity of Bitcoin Ordinals, so-called uncategorized Ordinals – Ordinals that are not part of an established collection – saw a 29% rise to US$960,597 in sales value over the past 24 hours.\nU.S. stock futures were trading mixed as of 11:50 a.m. in Hong Kong, as investors continued to assess uncertainties surrounding the U.S. debt ceiling talks, alongside the outcomes of the weekend’s G7 summit.\nThe Dow Jones Industrial Average was down 0.1%, while the S&P 500 edged down 0.036%. The Nasdaq Composite futures added 0.088%.\nMarket watchers are expecting U.S. President Joe Biden tomeetwith House of Representatives Speaker Kevin McCarthy on Monday to carry on negotiations related to raising the debt ceiling. A deal would help the nation avoid a\xa0 potential default on its debt — an outcome that would likely prove devastating for U.S. and global markets.\nDuring aspeechat the G7 summit in the Japanese city of Hiroshima Sunday, Biden unexpectedly drew crypto into the debt ceiling conversation.\nThe president would not, he said, agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred – excuse me – nearly 1 million Americans.”\nThe president’s words offered some indication of the bipartisan nature of ongoing debt discussions between the White House and Congress.\nMeanwhile, U.S. Treasury Secretary Janet Yellenreaffirmedin an NBC interview Sunday that June 1 remains a “hard deadline” to raise the debt limit. Failure to do so would undermine global trust in U.S. securities as a safe haven for investment, Yellen added.\n“It’s not an acceptable situation for us to be unable to pay our bills,” she said.\nElsewhere, the People’s Bank of China on Monday morning said that it maintained its key lending rates steady for the ninth straight month, leaving its one-year loan prime rate unchanged at 3.65% and the five-year rate at 4.3%.', 'Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded Sunday, investors continue to weigh the implications of U.S. debt ceiling negotiations.\nBitcoin fell 1.95% over the last 24 hours to US$26,669 at 9:30 a.m. in Hong Kong. That decline contributed to a loss of 1.27% over the past seven days, according todatafrom CoinMarketCap.\nBitcoin has so far failed to react positively tolower than expectedU.S. consumer price index (CPI) data and to ongoing efforts to raise the U.S. debt ceiling, said Markus Thielen, head of research and strategy at Singapore-based crypto lender Matrixport, in a note.\n“The world’s largest cryptocurrency by market cap has been trading sideways since March, and bar any significant macro news, is unlikely to break US$30,000 anytime soon,” Jeff Mei, chief operating officer of crypto exchange BTSE, said. “Plus, the ongoing macro uncertainty is dampening retail investors’ enthusiasm for ‘YOLOing’ into risk assets right now, while institutional investors are cautiously hedging their bets too.”\nEther dropped 1.14% in the past 24 hours to US$1,800, down 0.49% over the past week.\nSolana was the biggest loser among the top 10 non-stablecoin cryptocurrencies. It recorded a 4.22% decline over the past 24 hours and a 6.92% loss for the week.\nTron, however, climbed 2.73% over the past 24 hours to US$0.07464, up 7.47% over the past week. Matrixport’s Thielen suggested this may be related to theannouncementon May 11 by Tron founder Justin Sun that he would begin trading in memecoins.\nMeanwhile, Tornado Cash rose 23.38% in the past 24 hours to US$4.62. The coin had plummeted to as low as US$3.859 on Sunday before recovering.\nThe drop came as the token’s issuer — the Tornado Cash decentralized autonomous organization (DAO) — fell victim to what appeared to bevoter fraudover the weekend. Binance, the world’s largest crypto exchange,saidon Sunday that it had temporarily halted trading of the token.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index remained flat at 3,399.6 points in the 24 hours to 10:30 a.m. in Hong Kong. The index was up 1.77% over the past seven days.\nNFT sales on Ethereum, the most-used blockchain for NFTs, shrank 3.96% in the last 24 hours to US$15.1 million. Sales on the Bitcoin blockchain dropped 18.5% to US$3.54 million, according toCryptoslamdata.\nThe Mutant Ape Yacht Club collection recorded the most sales on Ethereum over the past 24 hours. Its daily sales rose 1.1% to US$1.9 million.\nWith the growing popularity of Bitcoin Ordinals, so-called uncategorized Ordinals – Ordinals that are not part of an established collection – saw a 29% rise to US$960,597 in sales value over the past 24 hours.\nU.S. stock futures were trading mixed as of 11:50 a.m. in Hong Kong, as investors continued to assess uncertainties surrounding the U.S. debt ceiling talks, alongside the outcomes of the weekend’s G7 summit.\nThe Dow Jones Industrial Average was down 0.1%, while the S&P 500 edged down 0.036%. The Nasdaq Composite futures added 0.088%.\nMarket watchers are expecting U.S. President Joe Biden tomeetwith House of Representatives Speaker Kevin McCarthy on Monday to carry on negotiations related to raising the debt ceiling. A deal would help the nation avoid a\xa0 potential default on its debt — an outcome that would likely prove devastating for U.S. and global markets.\nDuring aspeechat the G7 summit in the Japanese city of Hiroshima Sunday, Biden unexpectedly drew crypto into the debt ceiling conversation.\nThe president would not, he said, agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred – excuse me – nearly 1 million Americans.”\nThe president’s words offered some indication of the bipartisan nature of ongoing debt discussions between the White House and Congress.\nMeanwhile, U.S. Treasury Secretary Janet Yellenreaffirmedin an NBC interview Sunday that June 1 remains a “hard deadline” to raise the debt limit. Failure to do so would undermine global trust in U.S. securities as a safe haven for investment, Yellen added.\n“It’s not an acceptable situation for us to be unable to pay our bills,” she said.\nElsewhere, the People’s Bank of China on Monday morning said that it maintained its key lending rates steady for the ninth straight month, leaving its one-year loan prime rate unchanged at 3.65% and the five-year rate at 4.3%.', 'Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh. With the exception of Tron, which traded higher Monday morning, all other top 10 non-stablecoin cryptocurrencies fell. As the Group of Seven summit in Japan concluded Sunday, investors continue to weigh the implications of U.S. debt ceiling negotiations. The rise of Tron as Bitcoin, Ether fall Bitcoin fell 1.95% over the last 24 hours to US$26,669 at 9:30 a.m. in Hong Kong. That decline contributed to a loss of 1.27% over the past seven days, according to data from CoinMarketCap. Bitcoin has so far failed to react positively to lower than expected U.S. consumer price index (CPI) data and to ongoing efforts to raise the U.S. debt ceiling, said Markus Thielen, head of research and strategy at Singapore-based crypto lender Matrixport, in a note. \x93The world\x92s largest cryptocurrency by market cap has been trading sideways since March, and bar any significant macro news, is unlikely to break US$30,000 anytime soon,\x94 Jeff Mei, chief operating officer of crypto exchange BTSE, said. \x93Plus, the ongoing macro uncertainty is dampening retail investors\x92 enthusiasm for \x91YOLOing\x92 into risk assets right now, while institutional investors are cautiously hedging their bets too.\x94 Ether dropped 1.14% in the past 24 hours to US$1,800, down 0.49% over the past week. Solana was the biggest loser among the top 10 non-stablecoin cryptocurrencies. It recorded a 4.22% decline over the past 24 hours and a 6.92% loss for the week. Tron, however, climbed 2.73% over the past 24 hours to US$0.07464, up 7.47% over the past week. Matrixport\x92s Thielen suggested this may be related to the announcement on May 11 by Tron founder Justin Sun that he would begin trading in memecoins. Meanwhile, Tornado Cash rose 23.38% in the past 24 hours to US$4.62. The coin had plummeted to as low as US$3.859 on Sunday before recovering. The drop came as the token\x92s issuer \x97 the Tornado Cash decentralized autonomous organization (DAO) \x97 fell victim to what appeared to be voter fraud over the weekend. Binance, the world\x92s largest crypto exchange, said on Sunday that it had temporarily halted trading of the token. Story continues Bitcoin Ordinals continue to rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index remained flat at 3,399.6 points in the 24 hours to 10:30 a.m. in Hong Kong. The index was up 1.77% over the past seven days. NFT sales on Ethereum, the most-used blockchain for NFTs, shrank 3.96% in the last 24 hours to US$15.1 million. Sales on the Bitcoin blockchain dropped 18.5% to US$3.54 million, according to Cryptoslam data. The Mutant Ape Yacht Club collection recorded the most sales on Ethereum over the past 24 hours. Its daily sales rose 1.1% to US$1.9 million. With the growing popularity of Bitcoin Ordinals, so-called uncategorized Ordinals \x96 Ordinals that are not part of an established collection \x96 saw a 29% rise to US$960,597 in sales value over the past 24 hours. US stock futures mixed as talks resume U.S. President Joe Biden spoke at the G7 summitleaders summit on Sunday in Hiroshima, Japan. Image: Getty Images U.S. stock futures were trading mixed as of 11:50 a.m. in Hong Kong, as investors continued to assess uncertainties surrounding the U.S. debt ceiling talks, alongside the outcomes of the weekend\x92s G7 summit. The Dow Jones Industrial Average was down 0.1%, while the S&P 500 edged down 0.036%. The Nasdaq Composite futures added 0.088%. Market watchers are expecting U.S. President Joe Biden to meet with House of Representatives Speaker Kevin McCarthy on Monday to carry on negotiations related to raising the debt ceiling. A deal would help the nation avoid a\xa0 potential default on its debt \x97 an outcome that would likely prove devastating for U.S. and global markets. During a speech at the G7 summit in the Japanese city of Hiroshima Sunday, Biden unexpectedly drew crypto into the debt ceiling conversation. The president would not, he said, agree to \x93a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred \x96 excuse me \x96 nearly 1 million Americans.\x94 The president\x92s words offered some indication of the bipartisan nature of ongoing debt discussions between the White House and Congress. Meanwhile, U.S. Treasury Secretary Janet Yellen reaffirmed in an NBC interview Sunday that June 1 remains a \x93hard deadline\x94 to raise the debt limit. Failure to do so would undermine global trust in U.S. securities as a safe haven for investment, Yellen added. \x93It\x92s not an acceptable situation for us to be unable to pay our bills,\x94 she said. Elsewhere, the People\x92s Bank of China on Monday morning said that it maintained its key lending rates steady for the ninth straight month, leaving its one-year loan prime rate unchanged at 3.65% and the five-year rate at 4.3%.', 'Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings, a leading Bitcoin mining company, has announced its commitment to supporting the development and maintenance of the open-source Bitcoin Core client software. During the Bitcoin 2023 conference held in Miami, Florida, Marathon said they will match donations to the non-profit Bitcoin research and development firm Brink, up to $500,000 on a two-for-one basis. Following the conference, Marathon will continue to match additional donations on a one-for-one basis until December 31. These contributions will be used to fund grants and programs that financially support Bitcoin Core developers, ensuring the continuous improvement of the world\'s dominant blockchain. Marathon CEO Fred Thiel emphasized the importance of compensating these developers, who often rely on grants to sustain their work, and expressed his desire to engage other industry partners in supporting this vital ecosystem. The recent market downturn in the crypto industry, known as the "crypto winter," had raised concerns about funding for Bitcoin development. However, Marathon\'s generous pledge, which may reach $1 million with third-party donations, demonstrates the company\'s commitment to bolstering the Bitcoin funding landscape. Thiel highlighted the reliance of developers on their personal resources and the necessity of grants, such as those provided by Brink, to ensure their financial stability. Brink, founded in 2020, supports Bitcoin protocol development through its fellowship mentor program and developer grant program. Thiel and Brink\'s co-founder and executive director, Mike Schmidt, jointly announced this initiative during the conference, garnering significant support. View comments', 'Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings, a leading Bitcoin mining company, has announced its commitment to supporting the development and maintenance of the open-source Bitcoin Core client software. During the Bitcoin 2023 conference held in Miami, Florida, Marathon said they will match donations to the non-profit Bitcoin research and development firm Brink, up to $500,000 on a two-for-one basis. Following the conference, Marathon will continue to match additional donations on a one-for-one basis until December 31. These contributions will be used to fund grants and programs that financially support Bitcoin Core developers, ensuring the continuous improvement of the world\'s dominant blockchain. Marathon CEO Fred Thiel emphasized the importance of compensating these developers, who often rely on grants to sustain their work, and expressed his desire to engage other industry partners in supporting this vital ecosystem. The recent market downturn in the crypto industry, known as the "crypto winter," had raised concerns about funding for Bitcoin development. However, Marathon\'s generous pledge, which may reach $1 million with third-party donations, demonstrates the company\'s commitment to bolstering the Bitcoin funding landscape. Thiel highlighted the reliance of developers on their personal resources and the necessity of grants, such as those provided by Brink, to ensure their financial stability. Brink, founded in 2020, supports Bitcoin protocol development through its fellowship mentor program and developer grant program. Thiel and Brink\'s co-founder and executive director, Mike Schmidt, jointly announced this initiative during the conference, garnering significant support. View comments', 'Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings Donates $500K to Bitcoin Software Marathon Digital Holdings, a leading Bitcoin mining company, has announced its commitment to supporting the development and maintenance of the open-source Bitcoin Core client software. During the Bitcoin 2023 conference held in Miami, Florida, Marathon said they will match donations to the non-profit Bitcoin research and development firm Brink, up to $500,000 on a two-for-one basis. Following the conference, Marathon will continue to match additional donations on a one-for-one basis until December 31. These contributions will be used to fund grants and programs that financially support Bitcoin Core developers, ensuring the continuous improvement of the world\'s dominant blockchain. Marathon CEO Fred Thiel emphasized the importance of compensating these developers, who often rely on grants to sustain their work, and expressed his desire to engage other industry partners in supporting this vital ecosystem. The recent market downturn in the crypto industry, known as the "crypto winter," had raised concerns about funding for Bitcoin development. However, Marathon\'s generous pledge, which may reach $1 million with third-party donations, demonstrates the company\'s commitment to bolstering the Bitcoin funding landscape. Thiel highlighted the reliance of developers on their personal resources and the necessity of grants, such as those provided by Brink, to ensure their financial stability. Brink, founded in 2020, supports Bitcoin protocol development through its fellowship mentor program and developer grant program. Thiel and Brink\'s co-founder and executive director, Mike Schmidt, jointly announced this initiative during the conference, garnering significant support. View comments', 'South Korean ruling party lawmakers proposed all public officials and candidates disclose their crypto holdings in a new bill unveiled last Friday.\nSee related article:South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal\n• “It is necessary to expand the scope of assets that are subject to reporting to include virtual assets — this will help to ensure that public officials do not use their position to improperly accumulate wealth or conceal assets,” said Lee Man-hee, a right-wing lawmaker, in aproposed amendmentto the Public Official Ethics Act.\n• The public officials’ law currently requires officials to disclose owned assets such as cash, stocks and bonds worth over 10 million Korean won (US$7,572), but cryptocurrencies or other virtual assets are not subject to reporting.\n• Lawmakers proposed that cryptocurrency holdings must be reported regardless of their value, and they suggested imposing a limit on the amount an official involved in the crypto sector can invest.\n• The proposal addresses the ongoing scandal surrounding lawmakerKim Nam-kuk, a former lawmaker at the opposing Democratic Party. He is currently being investigated by local prosecutors for campaign finance violations, tax portals and concealment of criminal proceeds surrounding his hidden crypto possessions and transactions, according to local media outletChosun Ilbo.\n• South Korean cryptocurrency investors take up a significant portion of the global market, according to crypto data platformXangle. The Korean won was the third most-used currency in Bitcoin transactions after the U.S. dollar and the Japanese yen.\n• Since last year’s Terra-Luna collapse, South Korea has been developing alegal frameworkfor cryptocurrencies to enhance transparency and fair trading practices in the local market.\nSee related article:Bank of Korea and financial regulator in turf war over who supervises crypto industry', 'South Korean ruling party lawmakers proposed all public officials and candidates disclose their crypto holdings in a new bill unveiled last Friday. See related article: South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal Fast facts “It is necessary to expand the scope of assets that are subject to reporting to include virtual assets — this will help to ensure that public officials do not use their position to improperly accumulate wealth or conceal assets,” said Lee Man-hee, a right-wing lawmaker, in a proposed amendment to the Public Official Ethics Act. The public officials’ law currently requires officials to disclose owned assets such as cash, stocks and bonds worth over 10 million Korean won (US$7,572), but cryptocurrencies or other virtual assets are not subject to reporting. Lawmakers proposed that cryptocurrency holdings must be reported regardless of their value, and they suggested imposing a limit on the amount an official involved in the crypto sector can invest. The proposal addresses the ongoing scandal surrounding lawmaker Kim Nam-kuk , a former lawmaker at the opposing Democratic Party. He is currently being investigated by local prosecutors for campaign finance violations, tax portals and concealment of criminal proceeds surrounding his hidden crypto possessions and transactions, according to local media outlet Chosun Ilbo . South Korean cryptocurrency investors take up a significant portion of the global market, according to crypto data platform Xangle . The Korean won was the third most-used currency in Bitcoin transactions after the U.S. dollar and the Japanese yen. Since last year’s Terra-Luna collapse, South Korea has been developing a legal framework for cryptocurrencies to enhance transparency and fair trading practices in the local market. See related article: Bank of Korea and financial regulator in turf war over who supervises crypto industry View comments', 'During a fireside chat, BitMEX founder and influential crypto investor Arthur Hayes sat down with Michael Lewis, the bestselling author of “Moneyball,” “The Big Short” (which covered the 2008 banking crisis) and “The Blind Side.”\nLewis drew controversy and excitement last year from crypto-supporting pundits after it was revealed that he spent several months with Sam Bankman-Fried prior to the FTX collapse as research for his next book. Hopes are high that he’ll provide a tell-all account of what really happened in a similar fashion to his books.\nBitcoin maximalists hold the cult classic movie The Big Short in particularly high regard for how it portrayed the excesses of the banking industry that led to the 2008 banking collapse with near-surgical accuracy. As is well-documented, the last financial crisis provided the impetus for Satoshi Nakamoto to write the Bitcoin whitepaper in 2008. Nakamoto inscribed a message within Bitcoin’s Genesis Block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."\nLewis detailed the reasons for his SBF collaboration, which he said came about after a friend asked him to screen the now disgraced exchange founder for financial investment. Lewis became so intrigued with SBF and the crypto space (which he joked was the equivalent of “Financial Kanye”) that he decided to stick around, inadvertently “lucking out” for a front seat to the calamitous meltdown that eventually followed. With the movie rights already sold, Hayes quipped that Jonah Hill could play the lead.\nLewis got exposed to Bitcoin as early as 2012 but admits he’s a conservative investor who doesn’t like the volatility of crypto markets. He is perplexed by how entrenched financial intermediaries still are in the banking system.\n"It\'s one of the curious questions of this economic age: how untouched by the internet financial intermediaries have been. Every other intermediary has been completely screwed by the internet, you know? Big time. It\'ll get there, but the amount of time it\'s taken is kind of incredible. Instead of the intermediaries being knocked out of the system, they found ways to rig the system so there was still a place for them. I mean, I wrote a book called Flash Boys about this, and it\'s still true.”\nHe feels that there are so many unnecessary hands touching the money in financial transactions, “taking little slices out as rents that are completely unnecessary.” These middlemen “have just been hard-baked into the financial system, like the people in the middle of things successfully stopped the change from having the effects it should have had."\nLewis admires the principles behind the DeFi movement and the financial revolution that could come out of crypto.\n“Maybe it will happen, I hope it will happen. But there\'s a war before it happens, you know? And I\'ve seen glimpses of that war… I\'ve never had anybody so angry at me as a Wall Street billionaire from whom I\'m trying to take money if I write something that\'s even remotely threatening to their profits."\nLewis also speculated that US regulators were “irritated” by Silvergate and Silicon Valley Bank’s connections to crypto, and were thereby a tad slow to step up and bail them out during the recent liquidity crisis.\nHayes and Lewis exchanged notes on their love for Hong Kong and SBF and Lewis’ research on FTX’s operations in the city-state for his book, which conveniently comes out the day when Bankman-Fried’s trial starts.\nOn the quasi-religious and emotional nature of Bitcoin’s support, Lewis, who was raised as an atheist, drew parallels between the evangelical Christian community behind his “The Blind Side” book and the crypto community but stated that what he thinks doesn’t really matter.\nLewis also explained that while FTX and Alameda Research came in as outsiders to crypto, they, specifically SBF and Caroline Ellison, eventually also became swept up in the decentralized money movement.\nThe author wrapped up the fireside chat with a self-effacing joke that he’s lazy and requires a gun to his head to get started on a new book.\nHe predicted that something else in crypto could likely provide the inspiration for his next book, which will probably be due in about 5 years from now. Possibly even Arthur Hayes, but that he would have to mess up again — and this time really big — alluding to Hayes’well-documented troubles with US regulatorsand authorities in the past.', 'Bitcoin Miami: \x93Financial Kanye\x94 \x97 Arthur Hayes Interviews Michael Lewis During a fireside chat, BitMEX founder and influential crypto investor Arthur Hayes sat down with Michael Lewis, the bestselling author of \x93Moneyball,\x94 \x93The Big Short\x94 (which covered the 2008 banking crisis) and \x93The Blind Side.\x94 Lewis drew controversy and excitement last year from crypto-supporting pundits after it was revealed that he spent several months with Sam Bankman-Fried prior to the FTX collapse as research for his next book. Hopes are high that he\x92 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,042,894,156 - Hash Rate: 354690591.1309403 - Transaction Count: 499281.0 - Unique Addresses: 604303.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin's (BTC) price on Bitfinex's perpetual swap market momentarily topped $56,000 on Tuesday – well above prevailing levels elsewhere and prices on Bitfinex's exchange right before or after – amid a flurry of volume amid an absence of liquidity. Trading volume on Bitfinex's BTC-PERP market spiked to 322 BTC ($9.1 million) between 14:24 and 14:26 UTC, equating to around a quarter of daily volume on the trading pair. Some traders' positions were liquidated amid the flash rally, according to data on Bitfinex's trading platform. The move occurred at the same time as bitcoin surged 2.5% on spot markets elsewhere as investors reacted to the stock prices of two banks, Pacwest (PACW) and Western Alliance (WAL), plunging by more than 30% as concerns about the U.S. banking system resumed. At press time, the BTC-PERP pair has 10% market depth of 110 BTC, meaning that an order to buy 110 BTC would move the price on that specific market by 10% – evidence liquidity remains low on Bitfinex. Paolo Ardoino, Bitfinex's chief technology officer,tweeted: "Low liquidity at that moment in time. But system worked as expected. Matching engine handled all orders correctly." UPDATE (May 2, 2023, 14:40 UTC):Adds a tweet from Bitfinex's CTO.... - Reddit Posts (Sample): [['u/kurobainu', 'FtM, how hard is it to actually do DIY?', 119, '2023-05-22 00:09', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/', "FtM living in Florida, currently working on getting a legit prescription but it's really difficult due to new legislation. If getting HRT legally doesn't work out, I'm curious to know how hard it actually is to obtain T not so legally?\n\n I've had a site recommended to me from another FtM guy that sells vials but they only accept bitcoin payment. I have some bitcoin in a wallet because I got it as a gift but I've never actually used it and I have no idea how. Aside from that, do I need to use a different browser like the kind people use to go on the deep web? Do I need to use a VPN to avoid being tracked? I'm unsure of how heavily monitored this kind of thing is and I don't know what precautions to take. \n\nI've also heard people say to use your legal name on packages in case the post office opens it and sees it's a medication vial. Also, how risky is it if the post office sees a controlled substance being shipped to me? Would they even care? \n\nSorry for the long post I am just very limited on options right now and I'm not very knowlegeable on DIY.", 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/', '13o7xgt', [['u/definitelynotreal333', 93, '2023-05-22 01:27', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl39m1c/', 'If a controlled substance shipment of T is seized, basically the only people who get in trouble is the distributor, its really unheard of for an individual to be prosecuted.', '13o7xgt'], ['u/ufo9x9', 46, '2023-05-22 01:39', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl3b3mu/', "You'll probably be fine. Even if the package is seized, a lot of websites will refund/reship, and any consequences are on their end as a distributor. I had no problem ordering using Bitcoin through Cashapp. Keep all receipts related to the process, though, as sometimes they will ask for the Bitcoin receipt number to confirm payment. I ordered and had mine in about 2 weeks, and I had it shipped to a friend's house using their name. No issues, although if you live in an apartment, you might make sure it has your legal name on the package so it doesn't get sent back (most sites won't reship if this happens). Having T seized is pretty much unheard of, and there's no problem with not using a VPN or anything (although you totally can for peace of mind).", '13o7xgt'], ['u/VoidDemon0226', 24, '2023-05-22 02:04', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl3e6xi/', "If you'd like to talk more in depth, I have a Telegram which is a safer method of talking, but as someone who's doing it and has been helping someone in Alabama do it, it's not as difficult as you'd think. It's always good to be weary, but the market for T is overwhelmingly cis men meatheads (and, funnily enough, cops), so it's not really crazy regulated. Doesn't mean you don't gotta be careful of course, just be smart, use bitcoin, and don't fly with them.\n\nUse your legal name or preferred name on the package, not so much for the post office ripping it open, but so the post office is able to get it to you properly.", '13o7xgt'], ['u/VoidDemon0226', 24, '2023-05-22 02:40', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl3in8e/', '"Funny enough" was the wording bc cops are POS\'s that are valued above the law, so the same drugs they are paid to enforce the legality of, they are the market for it, similar to fentanyl', '13o7xgt'], ['u/firestorm713', 23, '2023-05-22 12:07', 'https://www.reddit.com/r/TransDIY/comments/13o7xgt/ftm_how_hard_is_it_to_actually_do_diy/jl4zdna/', "This. You have no control over who sends things to your address, so once it gets stopped in customs, that's generally end of the line and they don't investigate further.", '13o7xgt']]], ['u/mbdtf95', 'On this day 13 years ago, a trade was done when forum user paid 10,000 BTC for 2 pizzas. Happy Bitcoin Pizza day.', 486, '2023-05-22 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/', "Right now it's May 22nd, at least on my timezone, which means 13 years ago Laszlo Hanyecz, a BTCtalk forum user decided he wanted to trade Bitcoin for some real life good. As pretty much most of you know he made a deal with another user that he would order him 2 pizzas in exchange for 10,000 BTC and the rest is history.\n\n Since then this has become a day called Bitcoin Pizza day celebrated amongst crypto community. By today's Bitcoin prices he paid about 135 million USD for each pizza. So hopefully it was a pretty great pizza for Laszlo that he doesn't regret buying.", 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/', '13o8jf8', [['u/deftaj', 16, '2023-05-22 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl33am1/', 'Someone set a reminder and flew to Australia so they could be the first person to post this today', '13o8jf8'], ['u/RuneW007', 11, '2023-05-22 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl34h3x/', 'Let’s all eat pizza tonight in his honor 🍕', '13o8jf8'], ['u/_redboy_', 85, '2023-05-22 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl359to/', 'Everyone is talking about the person who bought the pizza and gave bitcoins, but I am interested in what the person who sold the pizza for 10,000 bitcoins did with those bitcoins.🤔', '13o8jf8'], ['u/Elie0_0', 44, '2023-05-22 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl36a0q/', "Probably ended up selling after a 5 or 10x, which would've been great if he had a lot more alongside the 10,000", '13o8jf8'], ['u/_redboy_', 12, '2023-05-22 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl36wbs/', 'More than excellent', '13o8jf8'], ['u/MaeronTargaryen', 14, '2023-05-22 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl37sxf/', 'Probably sold after a x2 or x3, or lost the seed phrase', '13o8jf8'], ['u/dark_deadline', 11, '2023-05-22 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl3anmv/', 'Only if he held onto bitcoin for some years at least.......', '13o8jf8'], ['u/Elie0_0', 11, '2023-05-22 02:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13o8jf8/on_this_day_13_years_ago_a_trade_was_done_when/jl3l1i9/', 'Well, he sold them when they were worth nothing, and actually used Bitcoin as it was supposed to', '13o8jf8']]], ['u/TheNano100', 'It just costs $125 to be part of the 21M club!', 91, '2023-05-22 00:43', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/', 'I remember there was an old post from the BTC community some years ago where people were encouraged to buy a whole bitcoin in order to be part of the 21 Million Club, because of the max supply being 21M.\n\nTherefore, since there will only be 50B HBAR coins, I want to do the same and encourage people to buy at least 2381 HBAR and be part of the 21 Million Club. At the moment of writing this costs a little bit more than $125.\n\nDo not feel small by buying such a little amount, be part of the 21M Club!', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/', '13o8rp7', [['u/cyhiandra', 27, '2023-05-22 00:52', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl34xsa/', "I like your thinking. People criticise the 50B HBAR supply, but this puts it into context.\n\nAnother person previously put it this way: only 500,000 people can own 100,000 HBAR (I think my math stacks up....)\n\nAt $0.052 per HBAR, that's only USD $5,200 to be one of the half a million people globally in that rank.\n\nIf you go to a million HBAR, there can only be 50,000 people globally owning that much theoretically, but of course less because of all the other holders above and below. \n\nIt's not much, when you look at it like that.", '13o8rp7'], ['u/The_Acrobatic_potato', 11, '2023-05-22 00:59', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl35vfr/', 'I like this math breakdown. Makes me want to get more', '13o8rp7'], ['u/DailyUpsAndDowns', 23, '2023-05-22 01:02', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl36cc5/', 'Are we prepared to make a pact? Everyone buy in!', '13o8rp7'], ['u/kazkdp', 24, '2023-05-22 01:06', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl36ssu/', "It's strange that I was going to post something similar. \nI noticed that the hedera Twitter account has nearly 300k followers. \n\nRounding up, \n\nThat's means 166k each and the 50B is gone. \n\nPOLLY Twitter had nearly 1 million followers. At those numbers, it's just 50k each. \n\nThe world is rather BIG.....", '13o8rp7'], ['u/Sporesword', 42, '2023-05-22 01:47', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl3c5fa/', "I'm still working on getting to 10,000.", '13o8rp7'], ['u/ka0_1337', 19, '2023-05-22 02:01', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl3dtyc/', "Well I'm closing in on 200k myself. Not stopping until I have 500k+ maybe ill shoot for 1 mill before 2025", '13o8rp7'], ['u/eliminator-n36', 13, '2023-05-22 02:05', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl3eb19/', "On top of this perspective, I'd just like to add that it's essentially only an arbitrary number at the end of the day. If Hedera had only 5 billion coins, you'd have bought in for 10x what you did, and it would be worth 10x what it is now, so there's no real difference in the end bar a psychological one\n\nIf Bitcoin had a 50 billion max supply, it'd only be worth $11.23 each at the moment. Exact same market cap and percentage price change since launch, just two different numbers", '13o8rp7'], ['u/cyhiandra', 15, '2023-05-22 05:21', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl42juh/', "50,000 people is half the size of the largest stadium in the US, Michigan Stadium.\n\nOn average, 70,200 Taylor Swift fans attended each show of her latest tour, which is far from a single-day record.\n\nConsider that against the rest of the population just in the US alone.\n\nAnd here you are, reading this post in this reddit sub tucked away deep amongst the other crypto threads, with all the Bitcoin and ETH maxis moaning about how crap Hedera is making sure no one comes here, at least, not to seriously take a look, just to take cheap shots based on misinformation or plain ignorance. You gotta love it.\n\nMind you, some of those BTC and ETH maxis have been stacking HBARs on the side quietly, don't you worry about that.", '13o8rp7'], ['u/Mammoth-Weakness-396', 16, '2023-05-22 05:43', 'https://www.reddit.com/r/Hedera/comments/13o8rp7/it_just_costs_125_to_be_part_of_the_21m_club/jl45235/', 'I am at 100k my goal is 1M-1.5M', '13o8rp7']]], ['u/taylansbrain', 'FREE pizza party tomorrow at Happy Fish Elgin from 4-8pm', 23, '2023-05-22 01:27', 'https://www.reddit.com/r/ottawa/comments/13o9tbv/free_pizza_party_tomorrow_at_happy_fish_elgin/', "Come join PizzaDAO's 3rd annual Global Pizza Party in honor of Bitcoin Pizza Day. \n\nJoin local organizers Ottawa Green Pill, Blu3 Global, Ambassadors, TIMEPieces, Bitget Academy and Happy Fish, in Ottawa for an evening of fun, friends, and refreshments.\n\nSpace is limited so please RSVP here: 🍕\n\nhttps://www.eventbrite.ca/e/worlds-largest-pizza-party-pizzadao-x-ottawa-tickets-634768177707", 'https://i.redd.it/muebiqdr8b1b1.jpg', '13o9tbv', [['u/beerbeatsbear', 11, '2023-05-22 02:44', 'https://www.reddit.com/r/ottawa/comments/13o9tbv/free_pizza_party_tomorrow_at_happy_fish_elgin/jl3j4kh/', 'Cuphead vibes', '13o9tbv']]], ['u/CryptoIsThePlan', 'Top 10 Cryptocurrencies by Market Cap 5 Years ago vs Today', 77, '2023-05-22 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/', 'I decided to look into the past top coins because I saw somebody say "it is safest to invest in the big coins". So I decided to look top 10 coins 5 years ago.\n\nHere is a snapshot from May 27, 2018.\n\nhttps://preview.redd.it/3vtfsl82r91b1.png?width=1099&format=png&auto=webp&v=enabled&s=27a86d06021b70a7bbde656ef2b8e7b70020751f\n\n6/10 coins are gone from the top 10 and/or have dropped significantly in value. Here are their stats today:\n\n\|Coin\|Price (USD)\|Market Cap\|Price Change %\|Rank Today \|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Bitcoin Cash \|$114.87\|$2,228,264,472 \|\\-88.48%\|\\#28\|\n\|EOS\|$0.85\|$930,076,147 \|\\-93.21%\|\\#48\|\n\|Litecoin\|$92.44\|$6,747,927,892 \|\\-21.37%\|\\#12\|\n\|Stellar\|$0.08\|$2,363,766,973 \|\\-70.37%\|\\#26\|\n\|Tron\|$0.07523\|$6,794,270,998 \|\\+14.16%\|\\#11\|\n\|IOTA\|$0.17\|$491,296,477 \|\\-88.5%\|\\#85\|\n\nInvesting in something just because it is the biggest at the time is not the way to invest. Learn about projects and if you believe in the utility invest.\n\nWith that being said taking a look at the top 10 today what do you think is going to be gone in the next 5 years? What coins do you see going up in the ranking?\n\nhttps://preview.redd.it/0rwrnld9r91b1.png?width=942&format=png&auto=webp&v=enabled&s=2f8dde43cec3f5a1c875d74107543a6b716e840a\n\nIf you believe these projects are all here to stay I am sure that that is what people thought 5 years ago.', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/', '13oasj0', [['u/astockstonk', 25, '2023-05-22 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3fq18/', 'You can count on USDT to be there. \n\nUSDT has died as almost as many deaths as Bitcoin but still is standing.', '13oasj0'], ['u/Baecchus', 14, '2023-05-22 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3h8hs/', "Goes to show how fragile this market is. Don't get married to your alts.", '13oasj0'], ['u/Sugar_Phut', 29, '2023-05-22 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3hgl0/', 'Every Doge has its day 🤷🏼\u200d♂️', '13oasj0'], ['u/BrianS911', 10, '2023-05-22 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3hqfn/', "Cheap trans costs, I have a decent amount of Co workers who trade and they all use it simply cause it's fast and cheap.", '13oasj0'], ['u/CryptoIsThePlan', 10, '2023-05-22 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3j002/', 'BTC, ETH, XRP, ADA are the only ones still in the top 10. \n\nAt that time Dogecoin was #47 with a price of $0.003424.', '13oasj0'], ['u/StonedRex', 10, '2023-05-22 02:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3jiic/', 'RemindMe! in 5 years', '13oasj0'], ['u/StonedRex', 14, '2023-05-22 02:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3jsby/', 'Nice to see Cardano in the both lists, I think it will still be in the Top 10 five years from now.', '13oasj0'], ['u/BlubberWall', 22, '2023-05-22 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3kcp9/', 'Always impressed XRP is still on there despite everything going against it. I really don’t think many other projects would still be top 10 in a similar circumstance', '13oasj0'], ['u/maynardstaint', 11, '2023-05-22 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3rwdq/', 'Xrp is used daily by financial institutions world wide. Its made 20 million transactions over 10 years. $30 billion moved. No hacks. No down time. No lost transactions . Carbon neutral. The ONLY place that it isn’t able to be used to it’s full potential is the US. That will change, and change quickly once the lawsuit is over. \n\nLast week the judge ruled the the hinman free pass speech emails will be revealed. In the 72 hours after that, Ripple bought a crypto custody company( metaco) for $250 million, launched a cbdc project with Hong Kong, and hired the ex cfo of Amazon. \n\nOther crypto companies are laying people off. Algo, eth, many others. Ripple is hiring and opening new offices, while in a bear market and under a lawsuit. They are the only company that does quarterly disclosures, even though there is no law forcing them to. They hold their tokens in an algorithmic escrow, that only releases 1 billion per month. They are literally incapable of dumping on the market. They are the company that will bring crypto to mainstream.', '13oasj0'], ['u/89time', 11, '2023-05-22 04:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl3xn2v/', 'My poor boy Stellar. What held it back? Can anyone explain to me what sucks about it?', '13oasj0'], ['u/DeaderthanZed', 13, '2023-05-22 05:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl40747/', 'The SEC case is what keeps it in the top 10. It gives them almost an ideal enemy to circle the wagons around.\n\nAnd as a result they have the strongest/most brainwashed base of hodlers (depending on your perspective.)', '13oasj0'], ['u/nousemercenary', 11, '2023-05-22 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13oasj0/top_10_cryptocurrencies_by_market_cap_5_years_ago/jl43drn/', 'Solana is the new EOS', '13oasj0']]], ['u/baronofbitcoin', 'I got Trezor, Trezor Model T, Ledger, Ledger Nano X, Coldcard, Jade, Ballet Wallet. My basic user experience review.', 39, '2023-05-22 02:31', 'https://www.reddit.com/r/Bitcoin/comments/13ob9u8/i_got_trezor_trezor_model_t_ledger_ledger_nano_x/', 'Tried them all. Here is my user experience review.\n\nBallet: Ballet wallet is just a paper wallet and is the worst in security but it really is the easiest to use for every day transactions. If you are doing a ton of transactions daily and don\'t want any fuss then use this but don\'t put a lot of money on it. Basically you turn on the Ballet app and enter in a passphrase to make a transaction. You have to trust Ballet Wallet because they make the private keys in their house. For many this is a red flag and a non-negotiable.\n\nJade: Just set up Jade wallet and it was the easiest to set up. The screen was small but the pixel density was high unlike other hardware wallets. I felt it was the slickest in design with the lever switch/button and the built in camera. Firmware update was smooth and automated. Passphrase was slightly tricky, but you can just enter it in one time in the settings. Bluetooth worked fine. Bitcoin/Liquid only. Works on iPhone and the Green Wallet for iPhone felt straight forward. I tried to scan a QR Code with a camera and the screen was grainy but it was able to lock in after a few seconds. I\'m learning it is used to communicate with the Green app if you don\'t want to use Bluetooth or NFC. This provides an "air gap" (ignoring lightwaves.) I tried scanning a "receive" QR code for payment but there was an error. Not sure if I am doing something wrong or if it is designed like that. I was hoping to scan QR payment codes to easily make payments but I don\'t think I can do this? This also has a built in rechargeable battery so you don\'t need to plug it in or carry a USB cord all the time.\n\nColdcard: The hardest to set up was Coldcard. However, Coldcard for sure has the best security. It has a tamper resistant bag and instructions to use Kleopatra to check signatures. I have enough knowledge to import keys and authenticate the signature file and check the sha256 of the firmware itself. If you are new at this it may time some time to verify everything, or you may never figure it out and still get by. Other wallet makers don\'t really do this so it kind of gives you peace of mind if you verify signatures yourself so you know the firmware is legit. If you are a newbie and want a challenge then get the Coldcard. The NFC feature is a little glitchy but I got it to work. The USB cord is magnetic so if you tug it gently it will magnetically disconnect and power off. The Coldcard screen is super basic and pixelated. One thing about the Coldcard is it uses a miniSD card for firmware updates. You can also sign transactions using the miniSD card by passing it from the computer to the Coldcard. I didn\'t use this feature and just am trying to use NFC. You need to be have some hacker ability to use Coldcard. Coldcard recommends using Electrum which is an open source wallet. I tried connecting Nunchuk (because it had NFC) to Coldcard and I had to learn some new stuff. The multi-key feature of Nunchuk I still need to learn how to use, but I can see great potential in this feature. I don\'t know how reliable Nunchuk is since it is fairly new and is a TapRoot based company. It was not in the documentation so I found other sources to learn about integration. No battery so it needs to be plugged in.\n\nTrezor: My first Trezor my screen got dark and had to replace it. It was the first bitcoin hardware wallet so the screen was basic and pixelated. It worked fine and got the job done while it was functional. No battery.\n\nTrezor Model T: Fairly straight forward setup. Has color in the screen. Setup of firmware requires a weird finger slide across the screen. It got the job done for me and I still use it. I\'ve never used this on my iPhone. Don\'t know if there is an app for it now. No battery.\n\nLedger: If you use a passphrase it is weird to set up on Ledger (since it uses a pin to get the passphrase and it gets confusing whereas in Coincard you just scroll to passphrase). At the time I got it the processor was slow so sometimes it took a long time to process transactions, maybe a whole minute. I don\'t know if they updated the processor. Requires Ledger software installed onto the computer to make transactions. I don\'t think I\'ve used this on an iPhone. Mostly straight forward setup. No battery, if I remember correctly.\n\nLedger Nano X: This is a Ledger but with Bluetooth capability. Connecting via Bluetooth can take some time. Works with an app installed onto my iPhone. Mostly straight forward setup. Has a built in battery that can be charged with USB.', 'https://www.reddit.com/r/Bitcoin/comments/13ob9u8/i_got_trezor_trezor_model_t_ledger_ledger_nano_x/', '13ob9u8', [['u/Aussiehash', 10, '2023-05-22 06:10', 'https://www.reddit.com/r/Bitcoin/comments/13ob9u8/i_got_trezor_trezor_model_t_ledger_ledger_nano_x/jl47s6b/', "Try Seedsigner and Bitbox02.\n\nTrezorOne forces you to type in the passphrase into your computer keyboard if you choose to use one.\n\nColdcard's advanced features like dice roll entropy and 100% airgapped operation with a secure element are mussing from most of the competition.\n\nTrezorT has SLIP39 Shamir secret sharing, but I don't think any other hardware or software supports this.\n\nSparrowWallet is the best multisig wallet by far, but you can reconstruct the exact same multisig quorum with the same XPUB cosigners in Electrum and Specter. When I tried Nunchuk 18 months ago it was unusably buggy.", '13ob9u8']]], ['u/Phuckaq', 'Im a newconer, so ... Cone is the next Bitcoin ?', 26, '2023-05-22 03:02', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/', 'are we gonna be rich ... someday 👀 ?', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/', '13oby7s', [['u/ACorDC', 11, '2023-05-22 03:05', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/jl3ls75/', 'Most of us are already millionaires in Cone. Quite a few billionaires as well. \n\n!tip 420', '13oby7s'], ['u/tsudrat', 17, '2023-05-22 03:06', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/jl3lyad/', 'CONE is a conemunity token for the coneheads, it started out for Cone Head avatar owners but has expanded to anyone who accepts the cone into their heart.\n\nIt’s not trying to be the next bitcoin or moon, it’s just cone. That’s all it needs to be.\n\nThat being said there’s already a lot you can do with Bitcones like tip in the sub !tip 13\n\nYou’ll also earn CONE for every karma you post earns you, but you get it 24 hours after the post instead of once a month like other community tokens you may be familiar with. You can also buy and sell Reddit avatars for cones using our [firstmate marketplace ](https://avatars.firstmate.xyz/cone)', '13oby7s'], ['u/tsudrat', 10, '2023-05-22 03:10', 'https://www.reddit.com/r/ConeHeads/comments/13oby7s/im_a_newconer_so_cone_is_the_next_bitcoin/jl3mg1n/', 'Bitcone has been around since September and only got attention now from outside communities. I think it has a lot of potential to grow from here tbh.', '13oby7s']]], ['u/0xSOL', 'What wallets did OGs like Satoshi and others use?', 17, '2023-05-22 03:34', 'https://www.reddit.com/r/Bitcoin/comments/13ocmf8/what_wallets_did_ogs_like_satoshi_and_others_use/', 'If anyone has insight to the very early days of Bitcoin, what wallets (I am guessing software) did they use? Electrum came around in 2011 so what was around in 2009? I feel a little lost with all of the different discussions of subpoenas and how the US government can basically take whatever they want, when they want. \n\nI don’t anticipate being subject to having my BTC seized, but it seems like a slippery slope, no?', 'https://www.reddit.com/r/Bitcoin/comments/13ocmf8/what_wallets_did_ogs_like_satoshi_and_others_use/', '13ocmf8', [['u/runtstain', 18, '2023-05-22 03:47', 'https://www.reddit.com/r/Bitcoin/comments/13ocmf8/what_wallets_did_ogs_like_satoshi_and_others_use/jl3r53n/', 'I think when it was first released the Bitcoin core software ran as a 3 in 1 miner/node/wallet and was at some point later separated', '13ocmf8']]], ['u/AutoModerator', '[Daily Discussion] - Monday, May 22, 2023', 28, '2023-05-22 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/', '13ofshy', [['u/therein', 16, '2023-05-22 07:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl4f18q/', 'What a creative move from the market maker. Such a meaningful move, wow.\n\nNow we are kept on the edge of our seats, will it hit 25000 or will it bounce from here. Incredible. He always thinks so out of the box.', '13ofshy'], ['u/Znt', 10, '2023-05-22 17:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl63uql/', 'Dailly [MACD and PPO](https://imgur.com/a/xr99pkP) about to turn to the upside.\n\nMay see some green before July.', '13ofshy'], ['u/delgrey', 13, '2023-05-22 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6ags3/', "So DCG missed their $630MM payment to Genesis. Everyone expected this. But here's a fun quote...\n\n“If Barry was as good at leverage trading/lending his own product ($GBTC) as he is at manipulating the bankruptcy process… we’d all be made whole by now.”", '13ofshy'], ['u/DarthVarn', 12, '2023-05-22 19:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6idgt/', 'Quiet in here today. I bet it gets busy at the end of the month when the powers that be stop playing politics with the economy and raise the debt ceiling - which they absolutely completely and utterly will. 🙄', '13ofshy'], ['u/ReflectionFamiliar68', 13, '2023-05-22 19:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6l2fw/', 'All the media handwringing of "this time may be different". No it\'s not different. If a default occurs the next election will be "throw the bums out" (regardless of party) and they know it.', '13ofshy'], ['u/thewardser', 10, '2023-05-22 21:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13ofshy/daily_discussion_monday_may_22_2023/jl6zeyw/', 'back from my trip.\n\nlooks like we are riding the MA100 1D line and whenever that gives up, watch out below.\n\nstill short from $30K', '13ofshy']]], ['u/fiat_failure', 'A husband hid $500,000 in bitcoin during a divorce — and got busted by a crypto hunter', 23, '2023-05-22 06:22', 'https://www.reddit.com/r/Wallstreetsilver/comments/13og8nx/a_husband_hid_500000_in_bitcoin_during_a_divorce/', '\n\nShould have bought a boat and some gold!', 'https://www.cnbc.com/2023/05/20/bitcoin-in-divorce-how-spouses-hide-assets-crypto-hunters-find-them.html', '13og8nx', [['u/IdentifyAsNotZe', 10, '2023-05-22 07:01', 'https://www.reddit.com/r/Wallstreetsilver/comments/13og8nx/a_husband_hid_500000_in_bitcoin_during_a_divorce/jl4cnea/', 'Gold and silver fixes this!', '13og8nx']]], ['u/D3AtHpAcIt0', 'Ok… so what exactly is the plan when someone inevitably puts kiddie porn in a btc ordinal?', 208, '2023-05-22 07:21', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/', 'First of all, unlike NFTs btc ordinals actually have the data onchain, there is no link to be shutdown or nft to be burned, there is just kiddie porn irreversibly on the btc blockchain\n\nIt’s gonna happen eventually, and lemme tell you it is going to be a SHITSHOW because without a hard fork btc would now be illegal to mine, and any servers hosting the blockchain would instantly become illegal distributors of child porn. \n\nall it takes is one loser with 100$.', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/', '13ohdt1', [['u/Ok-Possible-8440', 181, '2023-05-22 08:13', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4iptf/', 'Code is law your honor', '13ohdt1'], ['u/D3AtHpAcIt0', 75, '2023-05-22 08:18', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4j4zv/', 'yeah, the thing is though those links are not considered CP by law because they do not contain the actual illegal data. An ordinal would.', '13ohdt1'], ['u/D3AtHpAcIt0', 17, '2023-05-22 09:00', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4md4r/', 'you store a few dozen kb on it, which is more than enough', '13ohdt1'], ['u/BBQ_RIBZ', 13, '2023-05-22 09:08', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4myxj/', "If memory serves right, the Dune DAO idiots that understand copyright very well uploaded the scans of their book in pieces for like 18ETH of gas or something. Someone would have to commit to the bit really hard, financially, but it's doable.", '13ohdt1'], ['u/robot_slave', 17, '2023-05-22 09:12', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4n9gf/', '400kb if you forward your tx via nodes, 4mb if you get a ~~miner~~ transaction processor to include it in a block for you directly.', '13ohdt1'], ['u/R_Sholes', 16, '2023-05-22 09:57', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4qely/', 'Amazing, not a single sentence of this is correct.\n\nNodes by definition "make it available and share it", that\'s one of their main functions.\n\nPossession is strict liability in many jurisdictions.\n\nHosters are only shielded as long as they keep up their duty to timely remove and report it.', '13ohdt1'], ['u/Remarkable-Ad155', 22, '2023-05-22 11:04', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4uy85/', 'I think we have differing views of the word "hilarious". \n\nIt\'s actually another interesting critique of bitcoin/blockchain though. The victim in that material would have that image stuck on the block chain forever. Horrible thought.', '13ohdt1'], ['u/hawkshaw1024', 62, '2023-05-22 11:14', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4vmtl/', 'This would be against rational self-interest and therefore it is impossible\n\nPrax it out, bro', '13ohdt1'], ['u/alp1838', 32, '2023-05-22 11:43', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4xml4/', 'Or, you could just assume that they meant megabytes not millibytes. You are a human being, not a syntax analyser. You have no reason to pretend to be one, either.', '13ohdt1'], ['u/Siccors', 60, '2023-05-22 11:44', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4xoez/', "Afaik there is already something actually on Bitcoin chain for years, so not just a link. See: [https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content](https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content)\n\n>Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoin’s blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services.\n\nConsidering the second part they mention links explicitly, I would assume the first ones are not links, but actual files.\n\nSo if thats the case nothing really changes all that much. For any server hosting the entire blockchain the solution is fairly simple to make sure you wouldn't be sued for distributing CP: Block that specific part from being downloaded, and keep everything else available. \n\nThe larger issue would be however, not just distributing CP is illegal, also owning it is.", '13ohdt1'], ['u/dipole_', 29, '2023-05-22 11:48', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl4xyk5/', 'I thought this had already happened? Can’t remember where I read it, maybe it was just suggesting the possibility. But I agree, it’s inevitable.', '13ohdt1'], ['u/WillistheWillow', 34, '2023-05-22 13:01', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl53phy/', '"Then the market will fix it somehow!" - Free market libertarians', '13ohdt1'], ['u/Either_Branch3929', 33, '2023-05-22 13:37', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl571r2/', '"Age of consent laws are unnecessary!" - Free market libertarians', '13ohdt1'], ['u/arkad-IV', 14, '2023-05-22 13:43', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl57meb/', "They'd be called Cardinals, and be treated just like the Catholic Church does.", '13ohdt1'], ['u/Folsomdsf', 34, '2023-05-22 14:17', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5b50k/', "You can't block that part. Otherwise it can't be individually validated", '13ohdt1'], ['u/Ah_The_Old_Reddit-', 17, '2023-05-22 14:26', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5c6nu/', 'I\'m know that one of the block size forks (BSV) had some when it added a larger data field for transactional metadata (a "message" field), if only because it led to my favorite /u/dgerard quote ever:\n\n[Child porn, but on the blockchain, was not part of Satoshi’s vision — but it’s now literally part of Satoshi’s Vision](https://davidgerard.co.uk/blockchain/2019/02/10/news-quadrigacx-swift-and-ripple-mt-gox-illegal-abuse-images-on-bitcoin-sv-blockchain/)', '13ohdt1'], ['u/Detton', 17, '2023-05-22 15:48', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5m21o/', '"Mental maturity should be enough :)" \n\n\nUgh, just...ugh.', '13ohdt1'], ['u/GoldenFrogTime27639', 25, '2023-05-22 15:54', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5mx5e/', "You're telling me that if I have $100 I can put a picture of my balls on the blockchain? Lol", '13ohdt1'], ['u/D3AtHpAcIt0', 15, '2023-05-22 15:59', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5nm6a/', 'The future of finance!', '13ohdt1'], ['u/NotADamsel', 10, '2023-05-22 16:17', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5q3j9/', 'Whenever I hear that I’m tempted to go find and link to stats showing how the brain doesn’t really stop growing until after the current age of consent. As in, “mental maturity” would drive it up not down!', '13ohdt1'], ['u/PatchworkFlames', 10, '2023-05-22 16:27', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5rgti/', 'You can send an NFT of revenge porn of your ex that runs a smart contract to drain her funds into your account when she tries to get rid of it.\n\nYour ex’s titties can live immutably on the blockchain forever.', '13ohdt1'], ['u/Basswail', 11, '2023-05-22 16:29', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5rt2e/', "I want to go to China and host all Taylor Swift songs on the Blockchain, lol.\n\nIn all seriousness, that's a very good point, this becomes a lot more complicated when it's not CP, or something else that everyone agrees is shitty. Makes me wonder if we will see memes criticizing the CCCP, etc.", '13ohdt1'], ['u/ArnaktFen', 10, '2023-05-22 16:56', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl5vs0l/', 'However, the cryptobros/libertarians advocating for this stuff consider themselves responsible adults despite having the mental maturity of approximately 1.01 Elon Musks, so their bar for mature is pretty dang low.', '13ohdt1'], ['u/kilr13', 10, '2023-05-22 17:45', 'https://www.reddit.com/r/Buttcoin/comments/13ohdt1/ok_so_what_exactly_is_the_plan_when_someone/jl637g8/', 'Bitcoin is 14 this year. Only 4 more years until libertarians lose interest in it!', '13ohdt1']]], ['u/rBitcoinMod', 'Daily Discussion, May 22, 2023', 25, '2023-05-22 08:09', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13nko3w/daily_discussion_may_21_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/', '13oiafs', [['u/GoElastic', 10, '2023-05-22 13:42', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/jl57jpz/', 'I do not think there will be much excitement until Sep/Oct this year.\n\nSummer is coming...\n\nStacking sats is exciting the entire year though ;)', '13oiafs'], ['u/escodelrio', 11, '2023-05-22 15:13', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/jl5hkxh/', "Historical Bitcoin prices for today, May 22nd:\r \n\r \n2023 - $26,766\r \n2022 - $30,287\r \n2021 - $37,448\r \n2020 - $9,170\r \n2019 - $7,636\r \n2018 - $8,006\r \n2017 - $2,124\r \n2016 - $440\r \n2015 - $240\r \n2014 - $515\r \n2013 - $124\r \n2012 - $5.1\r \n2011 - $6.7\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/22/2023 is $9,093.34.", '13oiafs'], ['u/HurricaneHarvey7', 10, '2023-05-22 17:36', 'https://www.reddit.com/r/Bitcoin/comments/13oiafs/daily_discussion_may_22_2023/jl61t2b/', 'I just spent time on the phone trying to help my aunt understand how to email herself a photo.\n\nHyperbitcoinization is not happening anytime soon.', '13oiafs']]], ['u/rikbona', "I'm gonna buy an original Coneheads nft if this post hit 1k upvotes 🤟🏼", 74, '2023-05-22 08:11', 'https://www.reddit.com/r/ConeHeads/comments/13oic79/im_gonna_buy_an_original_coneheads_nft_if_this/', "let me feel your presence, you all 🤟🏼\n\n\n\nI wanna become poor and buy me that NFT, so don't be shy and click that shiny arrow 😍\n\n\n\nps: happy bitcoin pizza day, with the hope $CONE will have the same day too", 'https://www.reddit.com/r/ConeHeads/comments/13oic79/im_gonna_buy_an_original_coneheads_nft_if_this/', '13oic79', [['u/Phuckaq', 10, '2023-05-22 08:54', 'https://www.reddit.com/r/ConeHeads/comments/13oic79/im_gonna_buy_an_original_coneheads_nft_if_this/jl4luxo/', 'why not just buy it already. maybe half that votes or even quarter...', '13oic79']]], ['u/CryptoKingSA', 'Happy Bitcoin Pizza 🍕 Day', 621, '2023-05-22 10:08', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/', "Bitcoin Pizza Day is celebrated on May 22.\n\nThe 1st ever-use case was demonstrated by Laszlo Hanyecz when he decided to buy two large pizzas with 10,000 Bitcoin worth $41.\n\nMany people feel sorry for Laszlo but he feels proud that he and his family will be remembered forever!\n\nWhat's your thoughts on this 🤨", 'https://i.redd.it/qwf80kentd1b1.png', '13okhfg', [['u/mcrech', 14, '2023-05-22 10:40', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl4tapq/', 'Link to the original post:\n\nhttps://bitcointalk.org/index.php?topic=137.0', '13okhfg'], ['u/repomies69', 13, '2023-05-22 11:07', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl4v4gf/', 'He had probably tens of thousands of coins. At that time you could buy lots of coins for minimal amounts. It is not really relevant to advertise what his actual financial position regarding his bitcoins were, and similarly I find it weird to assume that he spent all his bitcoins for pizza.', '13okhfg'], ['u/losttraveler36', 12, '2023-05-22 12:08', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl4zfqz/', 'Those two pizzas were the start of bitcoins momentum to change the world', '13okhfg'], ['u/carlysprando', 11, '2023-05-22 12:39', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl51wub/', 'I would say the same thing if I was him, even if I had saved a bunch of coins. \n\nHe would have to be an idiot to publicly announce that he still owns a ton of bitcoin.', '13okhfg'], ['u/ethereumhodler', 17, '2023-05-22 18:02', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl65ti9/', 'It makes me laugh how many people are laughing because he would be now a billionaire. But he did exactly what lots of people on this sub are advertising we should do with our BTC and used it as currency. Lots of people are pumping their fist in the air screaming revolution and fuck the fiat system but most at the same time says things like never sell your BTC.', '13okhfg'], ['u/Houdinii1984', 10, '2023-05-22 19:23', 'https://www.reddit.com/r/Bitcoin/comments/13okhfg/happy_bitcoin_pizza_day/jl6idxi/', "He's only not a billionaire if he stopped. If you're using 100000BTC in 2010, you've probably got a few stashed away for a rainy day. In comparison to me, who in 2010 did have bitcoin but couldn't tell you where it was come 2011, and still doesn't have a huge stockpile in 2023. \n\nHe was interviewed somewhat recently and said he still 'plays around' with Bitcoin and the dude makes 6 figures as a developer.", '13okhfg']]], ['u/Bed_storm', 'Creating your own secure hardware wallet with a old USB stick', 345, '2023-05-22 10:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13okuvm/creating_your_own_secure_hardware_wallet_with_a/', 'Amid all the ledger drama, alot of people are looking for a new reliable hardware wallet. I would like to share my air-tight setup I use to store my crypto, I\'ll try to link all resources i use at the end so you can follow easily. We will be using the Tails operating system on an old USB stick you probably have laying around.\n\nBenefits of Using Tails for Offline Wallet:\n\n1. Enhanced Privacy: Tails is a privacy-focused operating system that routes your internet connections through the Tor network, ensuring your activities remain anonymous and your IP address is concealed.\n2. Air Gap Security: By using Tails on an offline computer or bootable USB, you create an "air gap" between your wallet and the internet. This means your private keys are never exposed to potential online threats, such as malware or hackers.\n3. Isolation from Malware: Tails is designed to be immune to most malware and viruses. By running your wallet on a Tails USB, you drastically reduce the risk of your private keys being compromised by malicious software.\n4. Data Encryption: Tails provides built-in encryption tools, which you can use to secure your wallet\'s private keys. This ensures that even if someone gains physical access to your USB, they won\'t be able to decipher your sensitive information.\n\nStep 1: Download and Prepare Tails:\n\n1. Visit the official Tails website ([https://tails.boum.org](https://tails.boum.org/)) and download the latest version of Tails according to your computer\'s specifications.\n2. Create a bootable USB using the Tails installer. Follow the step-by-step instructions provided on the Tails website for your specific operating system.\n\nStep 2: Boot into Tails:\n\n1. Insert the bootable USB into your computer and restart it.\n2. During the startup process, access the boot menu by pressing the designated key (usually F12 or Esc) and select the USB device as the boot option.\n3. Tails will load from the USB, and you\'ll be presented with the Tails desktop environment.\n\nStep 3: Make a wallet:\n\n1. According to the wallet you need (Bitcoin/Ethereum) follow the respective guides below:[https://electrum.readthedocs.io/en/latest/tails.html](https://electrum.readthedocs.io/en/latest/tails.html) (Bitcoin)[https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html](https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html) (Ethereum)\n\nStep 4: Secure Storage and Backup:\n\n1. Once you have your backup phrase(s), consider printing and laminating them.\n2. Make multiple copies of the papers and store them in secure, separate locations.\n3. You may also consider using a fireproof and waterproof safe or engraving the secret on metal for added protection.\n\nThere are obviously some drawbacks to this method such as the lack of a secure-core element present in devices like a ledger, but if you do not trust ledger, the secure element doesn\'t really provide any extra protection anyway, as seen with the latest update.\n\nEDIT: To all the people worried about the USB stick not lasting long, the funds AREN\'T on the USB stick. They are on the blockchain, the USB stick only provides a medium to access those funds using your secret phrase. As long as you keep your phrase safe, your funds are safe.\n\n\n\nReferences:\\- [https://tails.boum.org/](https://tails.boum.org/), [https://www.youtube.com/watch?v=nRztIE\\_hRzM](https://www.youtube.com/watch?v=nRztIE_hRzM), [https://www.youtube.com/watch?v=ZYpi4A20\\_lQ](https://www.youtube.com/watch?v=ZYpi4A20_lQ), [https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html](https://silentcicero.gitbooks.io/pro-tips-for-ethereum-wallet-management/content/tails-os.html), [https://electrum.readthedocs.io/en/latest/tails.html](https://electrum.readthedocs.io/en/latest/tails.html), [https://xmrguide.org/tails/gui/install](https://xmrguide.org/tails/gui/install)', 'https://www.reddit.com/r/CryptoCu... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin at $26.8K maintains its debt-ceiling holding pattern. Insights: Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle. Prices CoinDesk Market Index (CMI) 1,162 +4.9 ▲ 0.4% Bitcoin (BTC) $26,866 +108.3 ▲ 0.4% Ethereum (ETH) $1,819 +13.9 ▲ 0.8% S&P 500 4,192.63 +0.6 ▲ 0.0% Gold $1,972 −6.7 ▼ 0.3% Nikkei 225 31,086.82 +278.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,162 +4.9 ▲ 0.4% Bitcoin (BTC) $26,866 +108.3 ▲ 0.4% Ethereum (ETH) $1,819 +13.9 ▲ 0.8% S&P 500 4,192.63 +0.6 ▲ 0.0% Gold $1,972 −6.7 ▼ 0.3% Nikkei 225 31,086.82 +278.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Boring Bitcoin Slumbers Near $27K Bitcoin held comfortably in its most recent range on Monday as investors weighed the latest developments in the U.S. debt ceiling stalemate. The largest cryptocurrency by market capitalization was recently trading at about $26,866, up 0.4%. BTC has hovered between $26,500 and $27,500 for almost two weeks, according to CoinDesk data , amid macroeconomic uncertainties, including concerns that U.S. President Joe Biden and House leadership would be unable to reach an agreement about raising the country’s debt limit. “Crypto traders are not sure how Bitcoin will behave throughout the next several days of debt ceiling negotiations,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a note. Moya added: The risk of default is very small but if it were to happen, that could feel like an uppercut to risk appetite, which would send cryptos sharply lower. Bitcoin appears content to trade near the lower boundaries of its recent trading range between $26,500 and $30,000.” Since 1960, the government has increased the debt limit 78 times, but the current, charged political environment has raised anxiety about the willingness of lawmakers to work together. Story continues In a letter to Speaker of the House Kevin McCarthy (R-Calif.), U.S. Treasury Secretary Janet Yellen reiterated a May 15 warning that without an agreement, “the Treasury Department would be unable to satisfy all the government’s obligations by early June, and potentially as early as June 1.” “We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen added. “We have already seen Treasury’s borrowing boats increase substantially for securities maturing in June.” Ether was recently changing hands at about $1,820, up 0.8%. The second largest crypto in market value has been similarly range-bound between $1,750 and $1,850 over the past two weeks. Other major cryptos were largely in the green, albeit paler shades, with TRX and AVAX, the tokens of smart contracts platform Tron and Avalanche, recently up 3.8% and 2.3%, respectively. The CoinDesk Market Index, a measure of crypto markets performance, recently rose 0.4% Among major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets. Meanwhile, in an interview with CoinDesk TV’s “First Mover” program Monday, Ahmed Ismail, CEO of quant-based liquidity aggregator Fluid, said that the retreat of market makers Jane Street and Jump Trading from crypto trading in the U.S. had spooked investors, decreasing an already dwindling supply of market liquidity. “One of the very big problems that crypto suffers with is liquidity being massively fragmented, and events such as this only exacerbate the problem,” Ismail said. “So what we\'re seeing right now is there is not much activity because liquidity is even more fragmented, and markets are very inefficient. As a result, you will see I think we are seeing certain narratives coming back. Ismail noted an increase in call options on crypto exchange Bybit, a signal of unrest about the debt ceiling and other macroeconomic uncertainties. “The narrative of people taking liquidity out because they’re afraid of what’s going to happen and the uncertainty around the debt ceiling, that’s certainly a huge problem in keeping (the) crypto crisis so narrow now.” Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +3.4% Currency Avalanche AVAX +2.7% Smart Contract Platform Polygon MATIC +1.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −0.5% Smart Contract Platform Terra LUNA −0.5% Smart Contract Platform Solana SOL −0.3% Smart Contract Platform Insights Crypto as Hedge With the U.S. mired in political stasis while other regions build crypto frameworks, it’s worth looking at the evolution of, and outlook for, on-the-ground demand for crypto assets. This is getting more and more relevant as many large countries struggle with skyrocketing inflation, shaky currencies and autocratic control over financial access, and as populations become increasingly crypto-aware and a lack of trust in centralized institutions grows. Last week, the government of Pakistan (the fifth largest country in the world in terms of population, with over 239 million inhabitants) was reported to have said that cryptocurrencies “will never be legalized” in Pakistan, in order to avoid FATF penalties . Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. This may sound on the surface like an overreaction to FATF’s crypto stance – last Thursday, the organization’s president published a letter titled “ An end to the lawless crypto space ” which urges crypto regulation rather than a total ban. Then again, Pakistan has a somewhat tense relationship with the FATF, and just last October was taken off its “grey list” (which labels certain countries as having “deficiencies” in their AML controls, which in turn can lead to limited participation in global finance). It’s also not hard to see the hand of the International Monetary Fund. Pakistan is currently in talks with the organization regarding a bailout package, although negotiations seem stalled and concern about the country’s political and economic issues is starting to affect neighboring nations. The IMF has not been shy about its unease with crypto markets, and a few months ago, reports surfaced that it had applied crypto-suppression conditions to negotiations with Argentina. Read the full story here: Important events. 4:00 p.m. HKT/SGT(8:00 UTC) Hamburg Commercial Bank Composite PMI (May) 4:30 p.m. HKT/SGT(8:30 UTC) United Kingdom S&P Global/CIPS Services PMIU (May) 6:45 p.m. HKT/SGT(22:45 UTC) New Zealand Retail Sales (QoQ/Q1) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Sees Tightest Price Range in Months; Polygon Co-Founder on Web3 Outlook Glassnode data revealed that bitcoin (BTC) is settling into the tightest price range it has seen in months, despite looming concerns about the stability of U.S. regional banks and the country\'s debt ceiling. FLUID CEO Ahmed Ismail shared his crypto markets analysis. Plus, Polygon co-founder Sandeep Nailwal discussed launching a Web3 fellowship program. And, Litecoin Foundation managing director Alan Austin weighed in on the recent surge in Litecoin activity amid the frenzy surrounding Ordinals. Headlines Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko : Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion. Seeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop : Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships. U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say : The Treasury\'s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower. DEX Mangrove Launches on Polygon Testnet, Plans to Go Live on Mainnet in June : Wintermute and Cumberland-backed Mangrove plans a mainnet launch of its programmable order book DEX in early June. Gemini Says Genesis Parent DCG Missed $630 Million Payment : Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin at $26.8K maintains its debt-ceiling holding pattern.\nInsights:Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle.\nCoinDesk Market Index (CMI)\n1,162\n+4.9▲0.4%\nBitcoin (BTC)\n$26,866\n+108.3▲0.4%\nEthereum (ETH)\n$1,819\n+13.9▲0.8%\nS&P 500\n4,192.63\n+0.6▲0.0%\nGold\n$1,972\n−6.7▼0.3%\nNikkei 225\n31,086.82\n+278.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,162", "+4.9\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,866", "+108.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,819", "+13.9\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,192.63", "+0.6\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,972", "\\u22126.7\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,086.82", "+278.5\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBoring Bitcoin Slumbers Near $27K\nBitcoin held comfortably in its most recent range on Monday as investors weighed the latest developments in the U.S. debt ceiling stalemate.\nThe largest cryptocurrency by market capitalization was recently trading at about $26,866, up 0.4%. BTC has hovered between $26,500 and $27,500 for almost two weeks,according to CoinDesk data, amid macroeconomic uncertainties, including concerns that U.S. President Joe Biden and House leadership would be unable to reach an agreement about raising the country’s debt limit.\n“Crypto traders are not sure how Bitcoin will behave throughout the next several days of debt ceiling negotiations,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a note.\nMoya added: The risk of default is very small but if it were to happen, that could feel like an uppercut to risk appetite, which would send cryptos sharply lower. Bitcoin appears content to trade near the lower boundaries of its recent trading range between $26,500 and $30,000.”\nSince 1960, the government has increased the debt limit 78 times, but the current, charged political environment has raised anxiety about the willingness of lawmakers to work together.\nIn a letter to Speaker of the House Kevin McCarthy (R-Calif.), U.S. Treasury Secretary Janet Yellen reiterated a May 15 warning that without an agreement, “the Treasury Department would be unable to satisfy all the government’s obligations by early June, and potentially as early as June 1.”\n“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen added. “We have already seen Treasury’s borrowing boats increase substantially for securities maturing in June.”\nEther was recently changing handsat about $1,820, up 0.8%. The second largest crypto in market value has been similarly range-bound between $1,750 and $1,850 over the past two weeks. Other major cryptos were largely in the green, albeit paler shades, with TRX and AVAX, the tokens of smart contracts platform Tron and Avalanche, recently up 3.8% and 2.3%, respectively. The CoinDesk Market Index, a measure of crypto markets performance, recently rose 0.4%\nAmong major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets.\nMeanwhile, in an interview with CoinDesk TV’s “First Mover” program Monday, Ahmed Ismail, CEO of quant-based liquidity aggregator Fluid, said that the retreat of market makers Jane Street and Jump Trading from crypto trading in the U.S. had spooked investors, decreasing an already dwindling supply of market liquidity.\n“One of the very big problems that crypto suffers with is liquidity being massively fragmented, and events such as this only exacerbate the problem,” Ismail said. “So what we\'re seeing right now is there is not much activity because liquidity is even more fragmented, and markets are very inefficient. As a result, you will see I think we are seeing certain narratives coming back.\nIsmail noted an increase in call options on crypto exchange Bybit, a signal of unrest about the debt ceiling and other macroeconomic uncertainties. “The narrative of people taking liquidity out because they’re afraid of what’s going to happen and the uncertainty around the debt ceiling, that’s certainly a huge problem in keeping (the) crypto crisis so narrow now.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.4%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nCrypto as Hedge\nWith the U.S. mired in political stasis while other regions build crypto frameworks, it’s worth looking at the evolution of, and outlook for, on-the-ground demand for crypto assets. This is getting more and more relevant as many large countries struggle with skyrocketing inflation, shaky currencies and autocratic control over financial access, and as populations become increasingly crypto-aware and a lack of trust in centralized institutions grows.\nLast week, the government of Pakistan (thefifth largest country in the worldin terms of population, with over 239 million inhabitants) wasreported to have saidthat cryptocurrencies “will never be legalized” in Pakistan, in order to avoidFATF penalties.\nNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from herCrypto Is Macro Nownewsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.\nThis may sound on the surface like an overreaction to FATF’s crypto stance – last Thursday, the organization’s president published a letter titled “An end to the lawless crypto space” which urges crypto regulation rather than a total ban.\nThen again, Pakistan has a somewhat tense relationship with the FATF, andjust last October was taken offits “grey list” (which labels certain countries as having “deficiencies” in their AML controls, which in turn can lead to limited participation in global finance).\nIt’s also not hard to see the hand of the International Monetary Fund. Pakistan iscurrently in talkswith the organization regarding a bailout package, although negotiations seem stalled andconcern aboutthe country’s political and economic issues is starting to affect neighboring nations. The IMF hasnot been shyabout its unease with crypto markets, and a few months ago, reports surfaced thatit had appliedcrypto-suppression conditions to negotiations with Argentina.\nRead the full storyhere:\n4:00 p.m. HKT/SGT(8:00 UTC)Hamburg Commercial Bank Composite PMI (May)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMIU (May)\n6:45 p.m. HKT/SGT(22:45 UTC)New Zealand Retail Sales (QoQ/Q1)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Sees Tightest Price Range in Months; Polygon Co-Founder on Web3 Outlook\nGlassnode data revealed that bitcoin (BTC) is settling into the tightest price range it has seen in months, despite looming concerns about the stability of U.S. regional banks and the country\'s debt ceiling. FLUID CEO Ahmed Ismail shared his crypto markets analysis. Plus, Polygon co-founder Sandeep Nailwal discussed launching a Web3 fellowship program. And, Litecoin Foundation managing director Alan Austin weighed in on the recent surge in Litecoin activity amid the frenzy surrounding Ordinals.\nTether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko:Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.\nSeeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop:Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships.\nU.S. Debt Deal Could Weigh On Bitcoin Price, Some Say:The Treasury\'s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.\nDEX Mangrove Launches on Polygon Testnet, Plans to Go Live on Mainnet in June:Wintermute and Cumberland-backed Mangrove plans a mainnet launch of its programmable order book DEX in early June.\nGemini Says Genesis Parent DCG Missed $630 Million Payment:Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin at $26.8K maintains its debt-ceiling holding pattern.\nInsights:Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle.\nCoinDesk Market Index (CMI)\n1,162\n+4.9▲0.4%\nBitcoin (BTC)\n$26,866\n+108.3▲0.4%\nEthereum (ETH)\n$1,819\n+13.9▲0.8%\nS&P 500\n4,192.63\n+0.6▲0.0%\nGold\n$1,972\n−6.7▼0.3%\nNikkei 225\n31,086.82\n+278.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,162", "+4.9\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,866", "+108.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,819", "+13.9\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,192.63", "+0.6\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,972", "\\u22126.7\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,086.82", "+278.5\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBoring Bitcoin Slumbers Near $27K\nBitcoin held comfortably in its most recent range on Monday as investors weighed the latest developments in the U.S. debt ceiling stalemate.\nThe largest cryptocurrency by market capitalization was recently trading at about $26,866, up 0.4%. BTC has hovered between $26,500 and $27,500 for almost two weeks,according to CoinDesk data, amid macroeconomic uncertainties, including concerns that U.S. President Joe Biden and House leadership would be unable to reach an agreement about raising the country’s debt limit.\n“Crypto traders are not sure how Bitcoin will behave throughout the next several days of debt ceiling negotiations,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a note.\nMoya added: The risk of default is very small but if it were to happen, that could feel like an uppercut to risk appetite, which would send cryptos sharply lower. Bitcoin appears content to trade near the lower boundaries of its recent trading range between $26,500 and $30,000.”\nSince 1960, the government has increased the debt limit 78 times, but the current, charged political environment has raised anxiety about the willingness of lawmakers to work together.\nIn a letter to Speaker of the House Kevin McCarthy (R-Calif.), U.S. Treasury Secretary Janet Yellen reiterated a May 15 warning that without an agreement, “the Treasury Department would be unable to satisfy all the government’s obligations by early June, and potentially as early as June 1.”\n“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen added. “We have already seen Treasury’s borrowing boats increase substantially for securities maturing in June.”\nEther was recently changing handsat about $1,820, up 0.8%. The second largest crypto in market value has been similarly range-bound between $1,750 and $1,850 over the past two weeks. Other major cryptos were largely in the green, albeit paler shades, with TRX and AVAX, the tokens of smart contracts platform Tron and Avalanche, recently up 3.8% and 2.3%, respectively. The CoinDesk Market Index, a measure of crypto markets performance, recently rose 0.4%\nAmong major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets.\nMeanwhile, in an interview with CoinDesk TV’s “First Mover” program Monday, Ahmed Ismail, CEO of quant-based liquidity aggregator Fluid, said that the retreat of market makers Jane Street and Jump Trading from crypto trading in the U.S. had spooked investors, decreasing an already dwindling supply of market liquidity.\n“One of the very big problems that crypto suffers with is liquidity being massively fragmented, and events such as this only exacerbate the problem,” Ismail said. “So what we\'re seeing right now is there is not much activity because liquidity is even more fragmented, and markets are very inefficient. As a result, you will see I think we are seeing certain narratives coming back.\nIsmail noted an increase in call options on crypto exchange Bybit, a signal of unrest about the debt ceiling and other macroeconomic uncertainties. “The narrative of people taking liquidity out because they’re afraid of what’s going to happen and the uncertainty around the debt ceiling, that’s certainly a huge problem in keeping (the) crypto crisis so narrow now.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.4%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nCrypto as Hedge\nWith the U.S. mired in political stasis while other regions build crypto frameworks, it’s worth looking at the evolution of, and outlook for, on-the-ground demand for crypto assets. This is getting more and more relevant as many large countries struggle with skyrocketing inflation, shaky currencies and autocratic control over financial access, and as populations become increasingly crypto-aware and a lack of trust in centralized institutions grows.\nLast week, the government of Pakistan (thefifth largest country in the worldin terms of population, with over 239 million inhabitants) wasreported to have saidthat cryptocurrencies “will never be legalized” in Pakistan, in order to avoidFATF penalties.\nNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from herCrypto Is Macro Nownewsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.\nThis may sound on the surface like an overreaction to FATF’s crypto stance – last Thursday, the organization’s president published a letter titled “An end to the lawless crypto space” which urges crypto regulation rather than a total ban.\nThen again, Pakistan has a somewhat tense relationship with the FATF, andjust last October was taken offits “grey list” (which labels certain countries as having “deficiencies” in their AML controls, which in turn can lead to limited participation in global finance).\nIt’s also not hard to see the hand of the International Monetary Fund. Pakistan iscurrently in talkswith the organization regarding a bailout package, although negotiations seem stalled andconcern aboutthe country’s political and economic issues is starting to affect neighboring nations. The IMF hasnot been shyabout its unease with crypto markets, and a few months ago, reports surfaced thatit had appliedcrypto-suppression conditions to negotiations with Argentina.\nRead the full storyhere:\n4:00 p.m. HKT/SGT(8:00 UTC)Hamburg Commercial Bank Composite PMI (May)\n4:30 p.m. HKT/SGT(8:30 UTC)United Kingdom S&P Global/CIPS Services PMIU (May)\n6:45 p.m. HKT/SGT(22:45 UTC)New Zealand Retail Sales (QoQ/Q1)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Sees Tightest Price Range in Months; Polygon Co-Founder on Web3 Outlook\nGlassnode data revealed that bitcoin (BTC) is settling into the tightest price range it has seen in months, despite looming concerns about the stability of U.S. regional banks and the country\'s debt ceiling. FLUID CEO Ahmed Ismail shared his crypto markets analysis. Plus, Polygon co-founder Sandeep Nailwal discussed launching a Web3 fellowship program. And, Litecoin Foundation managing director Alan Austin weighed in on the recent surge in Litecoin activity amid the frenzy surrounding Ordinals.\nTether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko:Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.\nSeeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop:Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships.\nU.S. Debt Deal Could Weigh On Bitcoin Price, Some Say:The Treasury\'s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.\nDEX Mangrove Launches on Polygon Testnet, Plans to Go Live on Mainnet in June:Wintermute and Cumberland-backed Mangrove plans a mainnet launch of its programmable order book DEX in early June.\nGemini Says Genesis Parent DCG Missed $630 Million Payment:Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.', 'Massachusetts ranks 4th in the nation for incoming shipments of cocaine seized by the U.S. Postal Service. That’s according to 25 Investigates’ analysis of U.S. Postal Inspection Service data from January 2020 to December 2022. Postal inspectors reported 296 cocaine seizures in Massachusetts over that three-year period: amounting to nearly half a ton of cocaine. Massachusetts also ranks 7th in the country for inbound mail shipments of synthetic opioids like fentanyl – with 47 shipments seized. With 24 million packages passing through the U.S. mail a day, most drug shipments go undetected. “When you look at the big urban areas, that’s where most of the drugs are flowing there,” lawyer Evan Gotlob told investigative reporter Ted Daniel. Gotlob said he worked hundreds of drug cases in the eight years he spent as a federal prosecutor in Boston. He now works as a defense attorney for the Boston office of Saul Ewing. Gotlob says drug dealers send their products by mail to reduce cost and risk. And dealers go to great lengths to disguise or hide contraband “I think the craziest one I ever saw, there were 15,000 meth pills in a Lego box,” Gotlob said. “You don’t know where the drugs are coming from. There’s never a return address. And a lot of these drugs, there’s no scent to them.” 25 Investigates looked at some of the biggest drug conspiracy cases announced by the Massachusetts U.S. Attorney’s office in recent years. 25 Investigates has found at least 8 cases since 2016 where federal authorities in Massachusetts have pressed charges against dozens of people who allegedly trafficked drugs through the mail. ‘One Family Clique’ One federal affidavit reviewed by 25 Investigates described packages sent to 01826, a zip code in Dracut. One priority mail package sent to a Dracut home was described as having: “998 grams of cocaine stored inside a dog food container”. Federal prosecutors linked the shipment to the Lowell-based street gang “One Family Clique.” Story continues In 2021, federal prosecutors charged 15 of the gang’s members and associates for allegedly perpetrating a large-scale and long-running drug trafficking and money laundering conspiracy. Drugs they trafficked in included: heroin, cocaine, cocaine base, fentanyl, methamphetamine and MDMA. Prosecutors allege that gang members starting in 2019 used the U.S. Postal Service to receive shipments of illegal narcotics and ship cash proceeds to suppliers. Most of the drug packages came from California. Low level associates were paid 250 dollars to receive them at their homes The affidavit places gang members at post offices in Tewksbury and Billerica. And a “stash house” in Lowell, where gang meetings and other illegal activities took place. Among the drugs seized in the One Family Clique investigation: a package sent from California to Nashua, N.H. with 10.6 pounds of crystal meth. “A dangerous game” The U.S. Postal Inspection Service says eliminating drugs and contraband by mail is a top priority. Daniel Adame oversees drug inspections for the USPIS. “When we can take do a big takedown arrest – 10 to 15 drug dealers at the same time – that’s certainly a show of force that we put out there to say we don’t want this in our system and we’re going to do everything we can to stop it,” said Adame, the Postal Inspector in Charge of the Contraband Interdiction and Investigations Division for USPIS. Nationwide, USPIS reported 404 seizures of meth, 421 of cocaine, 269 of synthetic opioids and 55 seizures of heroin from October to December 2022. Postal inspectors nationwide remove drugs from the mail and help investigate and arrest criminals to disrupt drug trafficking networks, according to a 2020 strategy plan . That includes 2,562 arrests in 2019 alone. Penalties for trafficking drugs through mail often carry mandatory prison sentences of at least 5 years for small quantities and ten years for larger quantities. “You could take off low level members all day, but the impact will not be as much as if you take off a supplier, where you’re really kind of going to the heart of something and dismantling the drug trafficking organization,” Adame said. To have the most impact, Adame said: “You have to take their drugs, you have to take their guns and you have to take their money. Adame said their goal is interdicting drugs at the earliest point in the mail stream. To inspect a package, law enforcement must usually obtain a search warrant based on reasonable suspicion. That’s because U.S. Mail is protected by the Fourth Amendment. Confiscated packages will be sent out for testing if postal inspectors find white powders or other suspicious materials. The Postal Service also works on educating postal employees about the danger of being recruited to deliver packages. In November 2022 , a Lowell postal worker pleaded guilty in federal court in Boston for allegedly attempting to bribe a postal supervisor. Prosecutors alleged the worker asked the supervisor to help him in a scheme to divert postal packages suspected of containing cocaine. The worker was alleged to have left $850 in a Dunkin Donuts bag outside the supervisor’s car to entice him, and later told him: “That was a nice envelope for starts.” When drugs are detected in the mail, investigators will often have the package delivered to see who accepts it. That’s according to Anthony Cangelosi – a former Homeland Security investigator turned criminal justice professor at John Jay College of Criminal Justice in New York. From there, he says they will follow the drugs to identify bigger players. “The more sophisticated they are, the more safety nets they’re building in,” Cangelosi told Ted Daniel. “So it’s not uncommon if someone up the food chain contracts with someone down. Once they know something’s wrong, they cut off all communication with that person.” “Sometimes we have to interdict drugs just to get them, get them out and destroy them,” he said. “Other times, we’re building cases. Some of these cases take three or four years to develop.” Adame said going after drug trafficking organizations is crucial – but requires agility. “Drug trafficking organizations change quickly,” Adame said. “Once you find that you’re able to be effective in seizing or interdicting drugs, they will change their course and we have to be agile enough to do that as well. Adame said the agency launched a task force officer program in 2020 to help state and local law enforcement better work together nationwide. He said that partnership, local insight and sharing of resources like canines has proved invaluable. The U.S. recently announced a new Southwestern Border Initiative as part of the White House Task Force on Illicit Drugs. “It’s a dangerous game, but something that we take very seriously because we don’t want to be an unwitting accomplice in delivering drugs across the country,” Adame said. Adame said he’s also seen drug cartels sprouting in more rural areas, where such trafficking can have an even greater impact in communities with less resources. He said shipments of drugs primarily come from two regions of the country: the southwest border area of the country - California, Arizona, New Mexico and Texas. And then, Puerto Rico. “Puerto Rico for us is really a pipeline for cocaine into the United States,” he said. “In the southwest border, you really see the fentanyl, the cocaine and the methamphetamine that are coming through in high volumes because they’re being smuggled across that Southwest border.” “This poison is going… across the country” Data reviewed by 25 Investigates shows examples of large packages of narcotics sent to zip codes in Lowell, Ma. – and then smaller shipments of drugs sent out and later seized. “Certainly you see, usually, larger shipments coming into one location and maybe being distributed from there, whether in the local community or maybe in a different way,” Adame said. “Sometimes dark web vendors will get a larger shipment and then ship them out in smaller packages across the country.” With the rise of the dark web over the last two decades, postal inspectors’ work has grown more complicated. “The dark Web offers a level of anonymity to talk to buyers and sellers,” Adame said. “You’re able to disguise it on the dark Web, under the Tor network. And you’re able to peddle your deadly poisons to anybody who can get on to the dark web and make a purchase.” In March 2022, a federal court judge in Boston sentenced the 25-year-old Brockton leader of a dark web drug operation that advertised cocaine, Xanax, Keatmine and MDMA – also known as ecstasy. The Brockton man got eight years in prison and three years of supervised release. And he had to forfeit 59 Bitcoin – then worth over $2 million. Prosecutors say the leader of the drug organization got wholesale quantities of controlled substances in the mail from various international sources. Then, he and co-conspirators processed and manufactured those drugs at an office space rented in Stoughton. They then mailed the drugs to customers throughout the nation. Keeping a close eye on data trends is key, according to Adame. “We look at a lot of data,” Adame said. “We look at past seizures. We look at ongoing cases, things that may link current cases to other parcels that may be out there.” “We’re a small piece of a very much bigger drug game in this country. and we understand what role we play,” Adame said. “Many times what we do leads to bigger investigations and bigger seizures.” And even more vital, as deadly fentanyl snakes through the country, drug traffickers market to young people online and tens of thousands of people die of overdoses. “This poison is going to all the communities across the country,” Adame said. “And we have made it a priority to attack fentanyl and to really do everything that we can to get it out of the mainstream.” “Whether that’s through cargo, through human carry vehicles, whatever it may be, or a tunnel system,” he said. Around 2018 and 2019, fentanyl shifted from an international to a domestic problem, he said. “There was a shift in how fentanyl was getting into the country, specifically where in the past we were seeing it more directly mailed into the country in 2013 through about 2018,” Adame said. “Since then, we really see it in domestic mail because really it’s Chinese working with Mexican cartels to produce it in Mexico, and it’s smuggled into the country in a number of different ways.” In 2018, the federal STOP Act required other countries to share “advanced electronic data” on all international packages. A bill sponsored by U.S. Senators Amy Klobuchar (D-MN) and Shelley Moore Capito (R-WV) would create a new criminal penalty for falsely misrepresenting a package’s country of origin, among other things. Top zip codes in MA According to the U.S. Postal Inspection seizure data reviewed by 25 Investigates, the 01841 zip code in Lawrence received the most drug shipments in the state - with 38 packages seized. Second on the list of top zip codes: the 01902 area of Lynn with 17 seized shipments. Other top zip codes in eastern Massachusetts: 01843 in Lawrence is 3rd. And 01844 - in Methuen - is 7th. On the flip side – The 02124 neighborhood of Dorchester is where the largest number of drugs is shipped from based on seizures. 88 in total. In September 2022 , federal prosecutors indicted 21 people in Lawrence and Southbridge for allegedly distributing cocaine and fentanyl throughout the North Shore and central Massachusetts. Prosecutors say the traffickers obtained large amounts of cocaine from Puerto Rico and then sent packages containing fentanyl to recipients in Florida and elsewhere. Inspectors seized about 9 kilograms of cocaine from packages sent through the mail and 800 grams of fentanyl. According to the federal affidavit, investigators looked into a package containing suspected cocaine sent to a Lawrence home located in 01843. “On June 4, 2022, investigators identified the package, which originated in Manati, Puerto Rico,” reads the affidavit. " It had been mailed earlier the same day, destined for “122 Newton st, Lawrence 01843.” Investigators then got a warrant to search the package. “Inside, they found a Black and Decker box with two brick-shaped objects wrapped in white plastic inside,” reads the affidavit. And inside the white plastic, investigators “found a white-powder substance wrapped in a vacuum sealed bag inside a carbon paper and electrical tape wrapping.” Investigators sent the powder to the DEA laboratory, where it tested positive for cocaine and weighed 2,003 grams- about 4.4 pounds. The investigators then intercepted phone calls among the alleged traffickers as they discussed the delay in receiving the package. Marijuana seizures Overall, marijuana accounts for most seizures. Adame said marijuana makes up 85% of the packages seized by count and 87% of the drugs seized by weight. “By and large, what we’ve tried to do is focus our investigations on the high-impact drugs, the fentanyl, the cocaine and the methamphetamine,” Adame said. “And really just interdict the marijuana.” Even though marijuana is legal in Massachusetts, it’s still a federal crime to ship it by mail. Nearly 34 hundred pounds of pot was seized in the mail in Massachusetts from 2020 to 2022. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter . \| Watch Boston 25 News NOW', 'Massachusetts ranks 4th in the nation for incoming shipments of cocaine seized by the U.S. Postal Service. That’s according to 25 Investigates’ analysis of U.S. Postal Inspection Service data from January 2020 to December 2022. Postal inspectors reported 296 cocaine seizures in Massachusetts over that three-year period: amounting to nearly half a ton of cocaine. Massachusetts also ranks 7th in the country for inbound mail shipments of synthetic opioids like fentanyl – with 47 shipments seized. With 24 million packages passing through the U.S. mail a day, most drug shipments go undetected. “When you look at the big urban areas, that’s where most of the drugs are flowing there,” lawyer Evan Gotlob told investigative reporter Ted Daniel. Gotlob said he worked hundreds of drug cases in the eight years he spent as a federal prosecutor in Boston. He now works as a defense attorney for the Boston office of Saul Ewing. Gotlob says drug dealers send their products by mail to reduce cost and risk. And dealers go to great lengths to disguise or hide contraband “I think the craziest one I ever saw, there were 15,000 meth pills in a Lego box,” Gotlob said. “You don’t know where the drugs are coming from. There’s never a return address. And a lot of these drugs, there’s no scent to them.” 25 Investigates looked at some of the biggest drug conspiracy cases announced by the Massachusetts U.S. Attorney’s office in recent years. 25 Investigates has found at least 8 cases since 2016 where federal authorities in Massachusetts have pressed charges against dozens of people who allegedly trafficked drugs through the mail. ‘One Family Clique’ One federal affidavit reviewed by 25 Investigates described packages sent to 01826, a zip code in Dracut. One priority mail package sent to a Dracut home was described as having: “998 grams of cocaine stored inside a dog food container”. Federal prosecutors linked the shipment to the Lowell-based street gang “One Family Clique.” Story continues In 2021, federal prosecutors charged 15 of the gang’s members and associates for allegedly perpetrating a large-scale and long-running drug trafficking and money laundering conspiracy. Drugs they trafficked in included: heroin, cocaine, cocaine base, fentanyl, methamphetamine and MDMA. Prosecutors allege that gang members starting in 2019 used the U.S. Postal Service to receive shipments of illegal narcotics and ship cash proceeds to suppliers. Most of the drug packages came from California. Low level associates were paid 250 dollars to receive them at their homes The affidavit places gang members at post offices in Tewksbury and Billerica. And a “stash house” in Lowell, where gang meetings and other illegal activities took place. Among the drugs seized in the One Family Clique investigation: a package sent from California to Nashua, N.H. with 10.6 pounds of crystal meth. “A dangerous game” The U.S. Postal Inspection Service says eliminating drugs and contraband by mail is a top priority. Daniel Adame oversees drug inspections for the USPIS. “When we can take do a big takedown arrest – 10 to 15 drug dealers at the same time – that’s certainly a show of force that we put out there to say we don’t want this in our system and we’re going to do everything we can to stop it,” said Adame, the Postal Inspector in Charge of the Contraband Interdiction and Investigations Division for USPIS. Nationwide, USPIS reported 404 seizures of meth, 421 of cocaine, 269 of synthetic opioids and 55 seizures of heroin from October to December 2022. Postal inspectors nationwide remove drugs from the mail and help investigate and arrest criminals to disrupt drug trafficking networks, according to a 2020 strategy plan . That includes 2,562 arrests in 2019 alone. Penalties for trafficking drugs through mail often carry mandatory prison sentences of at least 5 years for small quantities and ten years for larger quantities. “You could take off low level members all day, but the impact will not be as much as if you take off a supplier, where you’re really kind of going to the heart of something and dismantling the drug trafficking organization,” Adame said. To have the most impact, Adame said: “You have to take their drugs, you have to take their guns and you have to take their money. Adame said their goal is interdicting drugs at the earliest point in the mail stream. To inspect a package, law enforcement must usually obtain a search warrant based on reasonable suspicion. That’s because U.S. Mail is protected by the Fourth Amendment. Confiscated packages will be sent out for testing if postal inspectors find white powders or other suspicious materials. The Postal Service also works on educating postal employees about the danger of being recruited to deliver packages. In November 2022 , a Lowell postal worker pleaded guilty in federal court in Boston for allegedly attempting to bribe a postal supervisor. Prosecutors alleged the worker asked the supervisor to help him in a scheme to divert postal packages suspected of containing cocaine. The worker was alleged to have left $850 in a Dunkin Donuts bag outside the supervisor’s car to entice him, and later told him: “That was a nice envelope for starts.” When drugs are detected in the mail, investigators will often have the package delivered to see who accepts it. That’s according to Anthony Cangelosi – a former Homeland Security investigator turned criminal justice professor at John Jay College of Criminal Justice in New York. From there, he says they will follow the drugs to identify bigger players. “The more sophisticated they are, the more safety nets they’re building in,” Cangelosi told Ted Daniel. “So it’s not uncommon if someone up the food chain contracts with someone down. Once they know something’s wrong, they cut off all communication with that person.” “Sometimes we have to interdict drugs just to get them, get them out and destroy them,” he said. “Other times, we’re building cases. Some of these cases take three or four years to develop.” Adame said going after drug trafficking organizations is crucial – but requires agility. “Drug trafficking organizations change quickly,” Adame said. “Once you find that you’re able to be effective in seizing or interdicting drugs, they will change their course and we have to be agile enough to do that as well. Adame said the agency launched a task force officer program in 2020 to help state and local law enforcement better work together nationwide. He said that partnership, local insight and sharing of resources like canines has proved invaluable. The U.S. recently announced a new Southwestern Border Initiative as part of the White House Task Force on Illicit Drugs. “It’s a dangerous game, but something that we take very seriously because we don’t want to be an unwitting accomplice in delivering drugs across the country,” Adame said. Adame said he’s also seen drug cartels sprouting in more rural areas, where such trafficking can have an even greater impact in communities with less resources. He said shipments of drugs primarily come from two regions of the country: the southwest border area of the country - California, Arizona, New Mexico and Texas. And then, Puerto Rico. “Puerto Rico for us is really a pipeline for cocaine into the United States,” he said. “In the southwest border, you really see the fentanyl, the cocaine and the methamphetamine that are coming through in high volumes because they’re being smuggled across that Southwest border.” “This poison is going… across the country” Data reviewed by 25 Investigates shows examples of large packages of narcotics sent to zip codes in Lowell, Ma. – and then smaller shipments of drugs sent out and later seized. “Certainly you see, usually, larger shipments coming into one location and maybe being distributed from there, whether in the local community or maybe in a different way,” Adame said. “Sometimes dark web vendors will get a larger shipment and then ship them out in smaller packages across the country.” With the rise of the dark web over the last two decades, postal inspectors’ work has grown more complicated. “The dark Web offers a level of anonymity to talk to buyers and sellers,” Adame said. “You’re able to disguise it on the dark Web, under the Tor netw Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $531,277,283,075 - Hash Rate: 379321882.1817001 - Transaction Count: 519870.0 - Unique Addresses: 636984.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Binance, the world's largest crypto exchange,temporarily paused bitcoin (BTC) withdrawalsSunday morning U.S. time as the Bitcoin blockchain became overwhelmed with pending transactions and sky-high fees. The company resumed withdrawals within two hours of its initial Twitter posting about the withdrawals. On-chain data shows that there are nearly 400,000 unconfirmed Bitcoin transactions,which is higherthan anything seen during the bull runs of 2018 and 2021. The average transaction fee has also doubled since March,pushing it to a two-year high.The current transaction fee is just over $8, a309% changefrom a year ago. “This current fee spree is an anomaly,”CoinDesk previously quoted Colin Harper, head of content at Luxor Technologies, a full-stack Bitcoin mining pool. “Biggest difference now between this jump in transaction fees and past ones with inscriptions is that BRC-20 standard is a new way to inscribe. Adoption of this standard is driving fees up.” Bitcoin ordinal inscription tokens,known by its BRC-20 standard designator, currently have amarket cap of $482 millionacross 14,000 tokens. Bitcoin is currently trading at $28,935, down 0.15% in the last 24 hours. UPDATE (May 7, 2023, 19:16 UTC):Adds line about resumption of withdrawals.... - Reddit Posts (Sample): [['u/proph3tsix', 'A lot of people here get downvoted for pointing out that USA Democrats are enemies of Bitcoin, as if Republicans are an equally large threat. Let me make something clear...', 85, '2023-05-23 00:26', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/', 'When a Republican comes out supporting Bitcoin, they\'re always faking or groveling for votes. When a Democrat comes out supporting Bitcoin, they\'re always \'waking up\' or \'coming around\'. Broken clocks may be right twice a day, but if the USA\'s Congress if filled with broken clocks then it certainly seems Republican broken clocks are syncing more often than Democrat broken clocks. Why is that?\n\n* Texas is to Republicans as New York is to Democrats. New York partially banned Bitcoin mining, and [environmental activists in the state are hungry for more](https://www.politico.com/news/2023/01/07/new-york-cryptocurrency-mining-ban-00072564). Texas has loudly invited more. Wyoming, another Republican state, is clamoring to the same.\n* The [energy FUD](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3779720) expressly targets voters who give a damn about environmentalism in the first place. If you\'re outside the USA then you may be forgiven for not knowing, but Republicans are not well known for their environmentalism. To the extent that Republicans do claim to care about the environment, it\'s always [cast as some flavor of fakery](https://www.nytimes.com/2017/06/03/us/politics/republican-leaders-climate-change.html). (Note that particular framing is from NYT - hint hint.) In other words: Energy FUD is almost exclusively pandering to Democrats.\n* It\'s been said numerous times that CBDCs represent the ["final boss" for Bitcoin](https://www.theheldreport.com/p/the-final-boss-bitcoin-vs-central). This does not mean it\'s a mortal threat to Bitcoin, but merely ideologically opposed. Bitcoin is freedom money. CBDC is slave money. Florida is largely Republican and has recently passed [explicitly anti-CBDC legislation](https://blockworks.co/news/florida-approves-cbdc-ban). Minnesota, another Republican state, is [doing the same](https://emmer.house.gov/2023/2/emmer-leads-effort-to-squash-financial-surveillance-state-initiatives). Texas is [considering it](https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-prohibit-the-fed-from-establishing-a-central-bank-digital-currency) too. Others will almost certainly follow. Where are the Democratic states doing, or even contemplating this?\n\n[edit] Sorry but saying "They\'re all the same" is just lazy. It\'s a reflex that conveniently allows us to dodge the mental work forced by nuance. For such thinkers, the world will never (ever) have better or worse politicians because it smoothes out all distinctions. It\'s the same oversimplification made by overzealous religious fanatics and political ideaolgues - subconsciously they\'ve made their world model easy to process by refusing to increase its resolution. It\'s not a matter of being caught up in some "two-party brainwashing bullshit" - it\'s about being aware that our potential leaders exist on a spectrum of distinctions. Thomas Jefferson and Stalin cannot possibly be equivalent, so they must exist on a gradient. Choose, goddamnit, and choose wisely!\n\n[2nd edit] Minnesota is not a Republican state, I stand corrected on that point. But its only Republican representative is the one pushing for anti-CBDC legislation.', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/', '13p5jff', [['u/clue5tick', 59, '2023-05-23 00:46', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl7uvsh/', "It's mostly just the Uniparty. Time to defund them all!", '13p5jff'], ['u/Valence101', 22, '2023-05-23 01:22', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl7zpdi/', "I agree, both have spent money we don't have on wars, airdrops to corporations, and purchasing votes.\n\nIt's time to just watch the money become worthless and the psychopathic struggle for the money printer to end.\n\nIt's a broken system. Society made a mistake with fiat money. It's time to move on and live our lives, make things better for the next generation and learn from our mistakes of a stupid childish money tree that profits the king of the hill at the expense of the masses.", '13p5jff'], ['u/Umpire_State_Bldg', 76, '2023-05-23 01:24', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl7zw8v/', "When you finally get over the two-party brainwashing bullshit, you're going to feel so liberated.", '13p5jff'], ['u/joel8x', 17, '2023-05-23 01:36', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl81j65/', 'This sub generally understands that Crypto does not mean Bitcoin. 99.9% of Crypto is scammy because it doesn’t address the fundamental trust issues that Bitcoin solves. When a politician comes out against Crypto scammers, it’s not anti Bitcoin.', '13p5jff'], ['u/SuccessfulPlenty942', 15, '2023-05-23 02:18', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8739g/', 'Minnesota is not a republican state 🤣', '13p5jff'], ['u/TelMeEverything', 10, '2023-05-23 02:49', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8b8i7/', 'Minnesota has always been a blue state. Grew up there.', '13p5jff'], ['u/Jaxelino', 21, '2023-05-23 02:56', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8c5bc/', 'Yeah, I see where OPs coming from, but I\'m downvoting anything that is "republican this, democrats that\'s\'.\n\nIt\'s not like one party is better than the other. \n\nSure, on Bitcoin the stance of the left is often super embarrassing. The republicans are embarrassing on other fronts, like abortions, and ppl like MTG. Munger is a republican as well, he and Buffet really love Bitcoin /s.\n\nHence, after all the lies and grifting and lobbying, you realize that this world has problems in need for solutions, and siding with either party bs ain\'t gonna lead you anywhere.', '13p5jff'], ['u/Umpire_State_Bldg', 18, '2023-05-23 03:05', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8datu/', 'Yes. Both sides are owned and operated by the same "money printing" criminals.', '13p5jff'], ['u/greinertr', 11, '2023-05-23 03:18', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8f0q0/', 'Minnesota is a republican state? Interesting they always vote Democrat.', '13p5jff'], ['u/Jaxelino', 10, '2023-05-23 03:18', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8f26k/', 'I like the terms:\n\n- corporatocracy\n\n\n- banana republic 🍌', '13p5jff'], ['u/HappyGoLacky', 13, '2023-05-23 03:57', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8ka2x/', 'Again… there is no red, there is no blue. There is government, and there is you.', '13p5jff'], ['u/baconcheeseburgarian', 10, '2023-05-23 05:15', 'https://www.reddit.com/r/Bitcoin/comments/13p5jff/a_lot_of_people_here_get_downvoted_for_pointing/jl8uin2/', 'Texas also bans books and abortion and allows the government to claim eminent domain over private property so a corporation can build a pipeline or well. \n\nChoose wisely, your great red state may not even be able to keep the power on.', '13p5jff']]], ['u/lymeguy', 'What if crypto already peaked?', 93, '2023-05-23 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/', "Imagine the year is 2030 and bitcoin is still hovering around 26-35k more or less depending on the month.\n\nStill in the top 10 are bitcoin etherium and Dogecoin. The market rarely gets further than the days of the covid pandemic crypto spike/marketcap. \n\nMeaning people aren't getting 'rich' off crypto like un the early days, just mostly whales who can afford big risks in little pumps.\n\nThat said at least there is some stability if the market is sticking around but maybe doesn't have the old hype that it used to.\n\nHow would you feel about this type of scenario satisfied or disappointed in the evolution of the crypto market?\n\n🌙 📊🚗", 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/', '13p7aeq', [['u/LivingFondant1419', 146, '2023-05-23 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl81z1y/', "Honestly, Im starting to get so desperate with real life that I'm placing too much hope on crypto doing well. The cost of living and rent in my city is absolutely stiffling. \n\nBeing so hopeful and excited for a future where I am comfortable for once is usually how I get hurt the worst.", '13p7aeq'], ['u/tewsbeferneds78', 28, '2023-05-23 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl82ntp/', 'This has been said every year since at least 2016. Doesn’t take anything away from your points but just something to keep in mind.', '13p7aeq'], ['u/zoomercoomer9000', 63, '2023-05-23 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl82vga/', 'Then we go back to playing with LEGO. But for now our new toy is still pretty fun.', '13p7aeq'], ['u/Dull_Tough_7149', 38, '2023-05-23 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl83919/', "Come on, bois, wrong spirit here. Satoshi's plan is still active and will work. It's just a bad time right now with those idiotic and hateful regulations. If the worst happens, we will be remembered as heroes just like Spartans.", '13p7aeq'], ['u/badfishbeefcake', 13, '2023-05-23 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl84rxb/', 'only butt stuff', '13p7aeq'], ['u/RunsOnJava98', 63, '2023-05-23 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8532h/', 'Sometimes I think this, but then I look at what Ripple is doing with cross border payments, how Ada is being used in South Africa, reading which counties are developing CBDCS, read about people starting up new mining rigs, and most importantly, the US debt clock. \n\nIt’s hard to not be optimistic after reviewing all of those things.', '13p7aeq'], ['u/Electrical-Penalty44', 27, '2023-05-23 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl85gda/', 'No more easy money. Interest rates are not going back to near zero. No COVID money to throw at stonks and eloncummarstwitter coin with 80 quadrillion pre-mined tokens. No sign that the trilemma can be solved.\n\nSo yes, it is possible that crypto has peaked.', '13p7aeq'], ['u/Rooftop720', 15, '2023-05-23 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl85uhb/', 'Then we screwed. We think we early but we really late?', '13p7aeq'], ['u/astockstonk', 13, '2023-05-23 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl85yc4/', 'In the future we just say “Trust me”. \n\n“Trust me bro” gets played out by 2025', '13p7aeq'], ['u/Lillica_Golden_SHIB', 14, '2023-05-23 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8602b/', '2021 is the longest year ever', '13p7aeq'], ['u/makeorbreak911', 58, '2023-05-23 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8823l/', 'Wow market cycle playing out exactly. Is this despair?', '13p7aeq'], ['u/Elie0_0', 21, '2023-05-23 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl88tad/', 'AI is the new trend now, a lot of the interest from crypto has moved to AI', '13p7aeq'], ['u/TruthSeeekeer', 10, '2023-05-23 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl898et/', 'I believe things move in cycles, so yeah no COVID money but something else always pops up', '13p7aeq'], ['u/banzuu', 10, '2023-05-23 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8dfgj/', 'Trends dont tend to last long tho🤷\u200d♂️', '13p7aeq'], ['u/UPinCarolina', 48, '2023-05-23 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8fx5y/', 'All of this is now two year old copium, I fear.', '13p7aeq'], ['u/Baecchus', 30, '2023-05-23 03:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8h7k9/', 'Counter point: Macro events. BTC was created during a macro bull market. We had one of the easiest decades for investors in financial history. That seems to be changing due to inflation and growth is generally slowing down. BTC has never seen a bad macro economic environment until now.\n\nThere is no telling how the Crypto market as a whole will react to a macro bear market. Will people flock to BTC as a hedge? Will people dump BTC and prefer "safer" assets?\n\nWe had 8% inflation in 2022 and BTC tanked almost 80%, with most altcoins going down 90% to 95%. Just one year with high inflation is too small of a timeframe to make any assumptions, but how Crypto reacted doesn\'t exactly fill me with hope.\n\nCrypto is very high risk and very high reward. People not having disposable income to gamble on risk assets is probably going to be horrible for the Crypto market, and with everything that\'s going on people are finding themselves with less and less money to invest.\n\nBit of a ramble but I feel like these are important things to consider.', '13p7aeq'], ['u/Baecchus', 27, '2023-05-23 03:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8imli/', "Copium so old it's starting to smell. \n\nHow Crypto reacted to a little inflation scare in 2022 should tell you all you need to know. BTC was created during a macro bull market and it succeeded during a macro bull market.\n\nWe are in uncharted territory. None of us know what will happen, so speculating is useless.", '13p7aeq'], ['u/GelDel12', 13, '2023-05-23 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8j1gp/', 'I feel ya. Crypto gains would completely change my life. Prices of things are through the roof', '13p7aeq'], ['u/L3mm3SmangItGurl', 10, '2023-05-23 04:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8q8ck/', 'True, it’s untested but btc was created for the tough macro environment on the horizon that never came.\n\nEveryone always cherry-picks their timeline to tell the story they want. See, I can do it too. BTC is +300-400% pre covid stimulus (depending on where you start the clock) outperforming just about every asset class and eclipsing inflation.', '13p7aeq'], ['u/poncha_michael', 125, '2023-05-23 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8s7cm/', 'Imagine that in 2050 scarcity is no longer the dominant economic factor. People live in an economy of abundance. Creative expression surpasses arbitrary tokens as symbols for wealth. Peak/nadir whatever kind of money becomes meaningless in comparison to what it means to be fully human in this moment of the universe.', '13p7aeq'], ['u/BrowsingCoins', 32, '2023-05-23 05:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8slz0/', 'that sounds nice', '13p7aeq'], ['u/pigeonwiggle', 10, '2023-05-23 05:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8soea/', '100% \n\n\ncrypto all follows bitcoin and bitcoin follows the stock market. the stocks drop, so do the coins. ALL the coins. \n\n\nthe argument that crypto buys us out of fiat is ridiculous. crypto is a motorcycle sidecar. it\'s great because it means you can bring a friend on your "Get Rich I Hope" schemes... but we\'re only now seeing the effects of stock market crashes on bitcoin.', '13p7aeq'], ['u/islandchild89', 26, '2023-05-23 05:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8uakc/', 'This hits hard..', '13p7aeq'], ['u/poncha_michael', 30, '2023-05-23 05:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl8uswv/', "Thanks. I like to imagine good things and believe that's how better realities are created.", '13p7aeq'], ['u/RollingCoalsDaily', 29, '2023-05-23 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl91gs7/', 'For six to nine months every four years - yes. \n\nThe rest of the time is something to be ashamed of because everyone knows you lost your money gambling on this new tech ponzi.', '13p7aeq'], ['u/RollingCoalsDaily', 15, '2023-05-23 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl968go/', 'You could say we are already there.\n\nIn first world countries food and roof over your head is no longer the issue it used to be a hundred years ago. \nWealth isn’t what it used to be.\n\nKeeping your inner good and actually being a good human to others is probably the most valuable thing in existance, rare too.', '13p7aeq'], ['u/RedBunery', 15, '2023-05-23 07:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl98yfy/', "Are you me? This cost of living crisis has me wired to the point where I can't enjoy weekends.", '13p7aeq'], ['u/mangopie220', 17, '2023-05-23 08:03', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl9b9cf/', 'So the US homeless people are not living in a first world country?', '13p7aeq'], ['u/LivingFondant1419', 20, '2023-05-23 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13p7aeq/what_if_crypto_already_peaked/jl9f00s/', "Sorry for my 'hope is a prison' style rant but its true.", '13p7aeq']]], ['u/Flimsy_Card8028', "Remember : Buffet didn't start buying Apple stock until 2016.", 108, '2023-05-23 02:48', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/', "Now it makes up almost 1/2 his portfolio.\n\nAnother 10 more years (assuming he doesn't croak) he'll begin to see the value of Bitcoin.\n\nGUESS WHAT IT'LL BE TOO LATE.", 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/', '13p90tn', [['u/jolly_hero', 11, '2023-05-23 03:20', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/jl8fdcn/', 'Does he short anything? Doesn’t seem like his thing.', '13p90tn'], ['u/triflingmagoo', 59, '2023-05-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/jl8hiqx/', 'Buffett is an investor. Bitcoin is not an investment vehicle. \n\nEven if he did “get it,” Bitcoin doesn’t care. \n\nAlso, fuck that guy.', '13p90tn'], ['u/whitslack', 30, '2023-05-23 05:49', 'https://www.reddit.com/r/Bitcoin/comments/13p90tn/remember_buffet_didnt_start_buying_apple_stock/jl8yps6/', "Correct. Buffett likes to own assets that produce something. Bitcoin doesn't produce anything. Even if Buffett were to believe that Bitcoin will appreciate in value, he still would choose not to own any because it's nonproductive, the same reason he doesn't hold gold.", '13p90tn']]], ['u/Lostman138', 'The People Bitcoin!', 18, '2023-05-23 03:20', 'https://www.reddit.com/r/tankiejerk/comments/13p9t6j/the_people_bitcoin/', "No, really. How more people ain't talking about this?", 'https://en.m.wikipedia.org/wiki/Petro_(token)', '13p9t6j', [['u/Darth_Vrandon', 30, '2023-05-23 03:24', 'https://www.reddit.com/r/tankiejerk/comments/13p9t6j/the_people_bitcoin/jl8fwhh/', 'Socialist billionaires, socialist invasions, socialist genocides, and now, socialist cryptocurrency.', '13p9t6j'], ['u/FibreglassFlags', 14, '2023-05-23 03:59', 'https://www.reddit.com/r/tankiejerk/comments/13p9t6j/the_people_bitcoin/jl8kn6t/', 'It\'s as if people calling these things "socialist" should not be taken seriously.', '13p9t6j']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, May 23, 2023', 34, '2023-05-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/', '13pdbxo', [['u/MasterMinerva', 12, '2023-05-23 07:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jl96yrv/', "It's interesting how things have changed over the years and how much we're now welded to traditional finance. Positive talk about the debt ceiling and we immediately bump up.", '13pdbxo'], ['u/NervousNorbert', 10, '2023-05-23 12:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jl9tofv/', 'Member when these threads sometimes got over a thousand comments? In the early days they had to split it into multiple threads to make it manageable. "I think this will be a four-thread day", we would say.\n\nNow I wonder if people have moved on from bitcoin, and we\'re just the slow ones who haven\'t yet realized it\'s over and that passive global index funds are where it\'s at now. Or maybe people have just moved on from Reddit? I don\'t see how Twitter is a good replacement for these threads though.', '13pdbxo'], ['u/diydude2', 10, '2023-05-23 12:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jl9uf2f/', 'I was promised great dumping and gnashing of teeth.', '13pdbxo'], ['u/AccidentalArbitrage', 30, '2023-05-23 14:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jla3uw8/', 'We had threads that long in 2020 and 2021. I expect we will again in 2024 and 2025. \n\nCyclical price + sentiment following price = cyclical sentiment.', '13pdbxo'], ['u/skarbowkajestsuper', 32, '2023-05-23 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlaa4x5/', 'Hong Kong to let retail investors buy bitcoin from June 1st - Bloomberg.', '13pdbxo'], ['u/DamonAndTheSea', 22, '2023-05-23 15:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlaadlt/', 'You can’t use this particular sub as evidence of anything. Crypto subs are fashionable and change around cycles. r/cc and r/Bitcoin keep growing (for whatever that’s worth). \n\nMany of us here started in the early stages of Bitcoin (like me) and still post or chat for comradery and interesting news, analysis and charting. There are a handful of really sharp people who post here. \n\nThis place is still great for Bitcoin related discussions, but Bitcoin doesn’t need this sub to win. \n\nIn these mid-cycles, Bitcoin can fall out of favor as fringe speculators try to stretch their $100 bids into wealth buying meme tokens (very largely unsuccessfully), but historically Bitcoin has ended up pushing above in the longer run due to the massive network effect.\n\nPost count here is highly correlated with price and volatility, and so I expect traffic to pick up along next bull cycle.', '13pdbxo'], ['u/stripesonfire', 26, '2023-05-23 15:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlab7lf/', 'Just so they can ban it again!', '13pdbxo'], ['u/xtal_00', 11, '2023-05-23 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlb2d0i/', 'This place is the last bastion of sanity. Also, I like counter opinions especially well thought out ones.', '13pdbxo'], ['u/AccidentalArbitrage', 11, '2023-05-23 19:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/13pdbxo/daily_discussion_tuesday_may_23_2023/jlbbo46/', "HK has become China's playground/sandbox where they occasionally test out western ideals such as democracy and various freedoms, with very mixed results.", '13pdbxo']]], ['u/PoeCollector', 'Does a market actually exist for Ledger Recover?', 35, '2023-05-23 06:13', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/', 'Ledger, it seems like you are okay with sacrificing the good will of the "hardcore" userbase in the name of appealing to a hypothetical crowd of people who want some kind of hybrid solution between self-custody and remote custody. I\'m sure you did some market research (right???), but I still doubt the size of this future customer base is big enough to be worth it.\n\nIf I were talking to the average boomer who was not comfortable storing bitcoin safely, I\'d probably just tell them to get price exposure through Paypal, or even (gasp) keep it on a comparatively non-sketchy domestic exchange such as Coinbase or Gemini with a 2FA login. At some point if they have a big stack, I\'d suggest they consider keeping a lot of it in deep cold storage. \n\nI know keeping coins on an exchange is dangerous, even if the exchange is reputable, and people who use self-custody instead might lose their keys through negligence. So I see why you\'d want to create some kind of third option for people. The problem is, your solution retains most of the user-facing negatives of other strategies:\n\n* It requires the upfront cost and relatively tech-savvy setup of a hardware wallet. \n* But it also costs monthly, like insurance.\n* Yet, it requires KYC and 3rd party liabilities, like an exchange. Similarly, it\'s subject to government action.\n* But the user still has the personal responsibility of not letting their seed phrase get stolen from their house. I\'m guessing your insurance doesn\'t cover the end user\'s mistakes.\n\nI\'m not saying nobody will find this trade offs to be worth it. But can anyone say that it sounds particularly compelling? Can you imagine anyone who would consider this combination of considerations an exciting product or offer?\n\nI\'m a product director and designer IRL. One of the rules of thumb is that a new product should be vastly superior to however people were doing it before. Say, 10 times better. Ledger Nano + Ledger Live definitely fit the bill when they came out. You had basically one competitor only (Trezor) and your UX and aesthetics were better than theirs.\n\nLedger Recover is not like that; it\'s just a middle ground between existing alternatives, and it annoys everyone who just wanted cold storage.', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/', '13pdmc5', [['u/Separate-Forever-447', 19, '2023-05-23 06:40', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl93vnp/', 'A few recent quotes/responses from Ledger:\n\n"If, for you, your privacy is of the utmost importance, please do not use the \nproduct. For sure." -Pascal Gauthier\n\n"The KYC risk is mitigated by the 50k$ insurance of your funds. If you have more, the service is not for you." (@murzika)\n\n\n\nSo, start tallying up all the reasons why \\not\\... cost, security, privacy, risk/reward, and you do have to wonder, who \\is\\ it actually for?', '13pdmc5'], ['u/notGekko463', 29, '2023-05-23 07:26', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl983dl/', 'Typical Client Profile:\n\nCoinbase: “Normie” with up to $250,000 who can’t trust themselves with self storage security.\n\nLedger Recovery: “Normie” with up to $50,000 who can’t trust themselves with self storage security.\n\nInsured Amounts:\n\nCoinbase: $250,000–FDIC coverage \n\nLedger Recovery: $50,000–some private insurer\n(https://thefinancialgeek.com/blog/is-coinbase-fdic-insured/)\n\nAnnual Fees:\n\nCoinbase Wallet Annual fee: $0\n\nLedger Recovery Annual fee: $120\n(https://www.brokerage-review.com/crypto/fees/coinbase-cost.aspx)\n\nPlastic Gadget Cost:\n\nCoinbase: OPTIONAL 2fA, Yubi Key, $50\n\nLedger Recovery: Mandatory, $149-$279\n(https://www.coinbase.com/blog/coinbase-now-supports-security-keys-for-2-factor-authentication-on-mobile)\n\nKYC:\n\nCoinbase: Yes\n\nLedger Recovery: Yes\n\nSo the perfect client for Ledger Recovery is someone with a passing interest in crypto, who doesn’t have more than $50,000, and would like to spend $149-$279 for a Ledger device, and pay $120 per year for Ledger Recovery, instead of accomplishing the EXACT SAME THING with an $250,000 FDIC insured Coinbase account for free, and at most a $50 Yubikey 2Fa dongle.\n\nAccording to Pascal Gauthier, there are evidently 100 million of these poor dumb people who want a $369 upfront cost ($149 Nano X and $120 first year subscription) and $120 per year trailing cost instead of getting the EXACT SAME SERVICE with 5x the account protection, no obligation to buy a gadget and no fees from, for this example, a Coinbase account.\n\nAccording to common sense, good judgement and me, he is a nut case.', '13pdmc5'], ['u/SilverTruth7809', 17, '2023-05-23 07:37', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl993t6/', 'Its for the government.', '13pdmc5'], ['u/16bumblebee', 11, '2023-05-23 08:30', 'https://www.reddit.com/r/ledgerwallet/comments/13pdmc5/does_a_market_actually_exist_for_ledger_recover/jl9df2t/', '"Cryptocurrency is not legal tender and is not backed by the government. Coinbase is not an FDIC-insured bank and cryptocurrency is not insured or guaranteed by or subject to the protections of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”), and may lose value." \n\nThat\'s what it says, you need to work on your reading skills\n\nFrom fdic.gov: https://www.fdic.gov/news/press-releases/2022/cryptosec-info-letter.pdf \n\n"In fact, the FDIC does not insure any cryptocurrency exchanges; FDIC insurance does not cover cryptocurrency; the FDIC only insures deposits held in insured banks and savings associations (insured institutions);"\n\nFDIC does not even cover stocks, it only covers us dollars. So your whole essay is built on a false premise lol', '13pdmc5']]], ['u/labrenna', 'Blood stains is crazy…☠️', 19, '2023-05-23 06:30', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/', 'I bought a swimsuit from a seller ( DM for info) …it was fine but the bottom had blood…btcch what.? \n\nI tried being nice and texted her for a 50% refund because I understand sometimes we have lady issues but… SHE BLOCKED ME ☠️ dawg \n \nText me for info on her and pictures of the clothes…<33!', 'https://www.reddit.com/gallery/13pdy83', '13pdy83', [['u/Susccmmp', 11, '2023-05-23 06:36', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jl93ifi/', 'This is exactly why I only list the tops of my old swimsuits.', '13pdy83'], ['u/[deleted]', 33, '2023-05-23 10:01', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jl9k33a/', 'She can have her account suspended or banned permanently for blocking you as it’s still during a transaction - raise a case and Depop will deal with it. A real bad move blocking someone like this in this situation!', '13pdy83'], ['u/qweenbimbo', 12, '2023-05-23 10:38', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jl9mlov/', 'This is why I wouldn’t buy bottoms unless there’s a verrrrrrry clear photo of the inside 😭 I specifically check the inner crotch on ALL bottoms including jeans for this exact reason.', '13pdy83'], ['u/labrenna', 12, '2023-05-23 16:02', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jlaihkz/', 'Yeah I did last night! She unblocked me after Depop contacted her 😭', '13pdy83'], ['u/labrenna', 12, '2023-05-23 17:01', 'https://www.reddit.com/r/Depop/comments/13pdy83/blood_stains_is_crazy/jlarake/', 'She gave me a refund…but now she changed her username, and is saying “you’re a scammer. and i’ll have you banned”…I left a bad review so people know?.. now she’s pretending I’m the scammer', '13pdy83']]], ['u/comeflywithme2tm', 'Tin Foil Theory on Shills', 68, '2023-05-23 07:55', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/', 'Alright, we all know the subreddits and social media\'s outside Reddit are plagued with shills. Over time they are evolving, but their traits are starting to put together a puzzle I think I may have solved part of. This is all tin foil just so you know. TLDR at end.\n\nAt the beginning, in early 2021, they used bot accounts. They were failures. Bots simply cannot deliver their narritvive properly and those issues were proving to people that their sheer existence meant Apes were correct. The coding script errors after comments, the profiles and names of the victims from the Vegas shooting, the word-for-word identical text string from 10+ bots, etc... bots were unreliable at best, but they contained one major flaw - liability. Someone has to be programing them, which is a direct and liable action to comit market fraud. One cannot simply say, "It\'s all the bots opinion, they did it themselves". No. They are directed to do what they did, and the liability risk was too much untop of the bots unreliability, so they moved on to people. The big non-conformance here is Liability\n\nShortly after, in 2021, they were making offers to just about anyone with a Reddit account to downtalk AMC using their words. We have multiple screen captures of these and they were rampant in 2021. Because a lot of people were innocent and confused, Apes are loyal, and well-versed people did not like the manipulation attempt, these messages got shared and made visible. This once again was a proof of their position and the threat against AMC. They didn\'t know who they could reach out too and trust with this kind of information, and even if someone agreed, how could they police them? They couldn\'t! The big non-conformance here is Trust\n\nA small time frame after they stopped getting those with characteristics mentioned above, they targeted and made new accounts to diatract people from AMC. The most apparent ones at this time were Clove and Blackberry. Accounts out of nowhere started fueling up reasons to buy these for a squeeze. Blackberry got crushed and Clove was a pump and dump coordinated by them to detract money away from AMC. I think they quickly learned it was far too much effort for a distraction that can\'t be measured? How would they know how much money left AMC and if Apes made money on the pump and dumps, they would invest it back into AMC! The effort was not worth the intrinsic return and once the canary in the coalmine was dead, they couldn\'t do the trick with other stocks. The big non-conformance here is time required to manage shills and coordinate a direction for them. Micromanagement is a nightmare. \n\nApproaching 2022, they started reaching out to accounts with longer histories, broader subredit use and put effort into either buying profiles or simply paying with bitcoin to have people say what they wanted. They seemed to go after profiles with people commenting on posts about their money issues. That\'s just what I noticed. They then used these accounts to build rapport, posting pictures of Apes and memes and basically being a plant in the community. Staying off the radar so they have the illusion of community. Then, when they needed too, they skilled. This is still common now, I believe, but the main non-conformance with this is \'all-or-none\' risk. Once the account is marked as a shill, it\'s useless. They block people and use the clown emoji as a response, but this is a high risk account tactic because it takes a long time to build rapport and it can all be a waste in seconds. People have an incredibly developed sense of \'who is in our tribe, and who isnt\'. The SHF shills are fighting two of the most developed senses we have as humans - pattern recognition and our tribe mates.\n\nFurther into 2022, they started simply making new accounts and blasting everything negative on the shotgun approach. If an account that\'s 5 days old gets burnt, oh well. Go after everyone and cause strife in the community. Guns blazing! The non-conformance with this is that with no rapport, and a new account, the battle hardened Apes know within seconds that people are shilling. This is why they changed their tactic to \'loving AMC, but wanting to leave because_____\'. This was most noticeable with company events because they had time to instill fear. That\'s their main tactic. That\'s what their play is with the lawsuit, buy time and instill fear. They know endurance is hard for people, but they dont know how tough you millenials and Gen Zs are. All of you tough \'children of tragedy\' have experienced is 9/11, dot-com bust, Swine flu fears, 2008 great recession, 2011 recession, housing bubble, university/college bubble, Ebola fears, Healthcare expense bubble, Microcephaly for the pregnant women in 2017, pandemic in 2020, inflation in 2021/22 and the disappearance of so much good in-between... good fucking luck scaring you people! Haha man, I would not want that job! You simply can\'t be scared of whatever they can use the fake news and shills to say. Anyway, the non-conformance here is that these accounts come and go and can be spotted a mile away, only scaring off the new Apes and inexperienced people who don\'t have accounts. Note that they are still doing this. \n\nSo! They maintain the shotgun shills, but for the evolved shill of 2023! Their big struggle is this: \n \n\'How does one find a shill that they can transfer liability too, instill trust in a new person to not report the act of them paying for malicious intent, have that person policed and managed, build rapport with the community, potentially have karma with a broad account to seem \'real\', and shill\' for payment off record?\n\nI believe the answer is SHF and Market Maker employees\' family members. \n\n\n- The liability is on their employees - "This staff member acted alone". "We don\'t condone these actions and that member has been released. The SEC can deal with them accordingly". They say this verbally to their staff and the staff take the risk on their family memebers. \n\n- The trust is subcontracted to their staff - Blood is thicker than wine and family will not rat you out. "If you say anything, I will get fired or fined or charged". The potential family memebers will keep their mouth shut. Especially if they are getting paid because then they have added liability now! \n\n\n- Family memebers would be policed and managed by the staff memebers themselves. So quality remains constant to a degree without the requirement for additional management. \n\n\n- Build rapport and have a broad range of their account complete with Karma to appear \'real\' - Many people probably had Reddit accounts before, now they simply redirect them. If one gets flagged as a shill, they dont give a fuck? "It\'s ______\'s brother\'s time, account and effort that was wasted! Not ours!" \n\n\n- Payment - that is probably a bonus on the staff memebers cheque that they can pay out to their family memeber. This cuts down on accountant time and adds to the risk of liability being pushed onto their staff. \n\n\n\nThat\'s my 2 cents. If anyone is in the Chicago area or knows people who are related to anyone in the SHF or Maker industry, you should ask then if they have been talked to about anything pertaining to this. I am sure at least 1 Ape knows someone who can add fact-based evidence to this theory and slip up. That\'s the risk with this to them! \n\nCheers Apes! \n\nTLDR: The new shills are SHF and Maker employees\' family members because they transfer risk and human resource management to the employees and make the payment process easy with no liability.', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/', '13pflgs', [['u/OldBoyZee', 22, '2023-05-23 09:22', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/jl9hbew/', "Interesting read, and I wouldn't doubt if it's true.\n\nBut in all honesty, not everyone on here is a shill, and even if they are, they are so well disguised because you have people here who pretend like they are apes as well, and call the real apes, shills. So the write-up doesn't account for that portion, imo.\n\nLet me ask, would you consider Icy-Assistant, a shill, or an ape? I mean he was pushing very hard for the r/S vote, but isn't it strange he disappeared? Isn't it strange he went from, I hate AMC to, I love AMC?\n\nFor me, I don't know. It's very similar to what you described above - taking an account and advocating for something one second and hating on something the next to create confusion.\n\nKeep in mind, not talking shit, or accusing anyone of anything, but using the word shill or using specific guidelines I feel doesn't make sense anymore, they are smarter than that and have more people.", '13pflgs'], ['u/chrisodeljacko', 14, '2023-05-23 09:37', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/jl9idye/', "Great post, take an award. I'd also extend this to the tubers, they've been gaining a following for months and then slowly start sowing the fud and AA hate, then they become an all out Al From Boston", '13pflgs'], ['u/drowningindrip', 11, '2023-05-23 14:19', 'https://www.reddit.com/r/amcstock/comments/13pflgs/tin_foil_theory_on_shills/jla58mi/', "Icy didn't disappear he got banned for getting a bit to spicy with some of his arguments", '13pflgs']]], ['u/PelotonMod', "[Race Thread] 2023 Giro d'Italia - Stage 16 (2.UWT)", 67, '2023-05-23 08:01', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/', '\n\| Date \| Stage \| Route \| Length \| Type \| Finish \| Time \|\n\|---\|---\|---\|---\|---\|---\|---\|\n\|May 23th\|[16](https://www.giroditalia.it/en/tappe/stage-16-of-the-giro-ditalia-2023-sabbio-chiese-monte-bondone/)\|[Sabbio Chiese - Monte Bondone](https://static2.giroditalia.it/wp-content/uploads/2023/02/CwpJ3hZ7iyjEXGeqcCFb_190423-071140.jpg?v=20230419091140)\|203km\|[High Mountains](https://static2.giroditalia.it/wp-content/uploads/2023/02/hblPzoWMb6woBtC2PasO_190423-071235.jpg?v=20230419091235)\|[Uphill](https://static2.giroditalia.it/wp-content/uploads/2023/02/GvcJoPUdCOa8bw7SIV5L_190423-071909.jpg?v=20230419091909)\|[10:50-17:43 CEST](https://static2.giroditalia.it/wp-content/uploads/2023/02/Ahd4uuEpxCZTiiaN08b4_190423-071931.jpg?v=20230419091931)\|\n\n\|\|\|\n\|-\|-\|\n\|Information\| [Official Site](https://www.giroditalia.it/en/) / [Startlist](https://firstcycling.com/race.php?r=13&y=2023&k=8) / [Roadbook](https://www.giroditalia.it/wp-content/uploads/2023/04/p6bhBqjBoizSEiHHGNdX_270423-111102.pdf) / [Inrng overview stage profiles](https://inrng.com/giro/)\n\|Climb profiles\| [Passo do Santa Barbara & Passo Bordala](https://static2.giroditalia.it/wp-content/uploads/2023/02/iCp371XbMTZqgtA77dRc_190423-071511.jpg?v=20230419091511) / [Serrada](https://static2.giroditalia.it/wp-content/uploads/2023/02/jGnpAlvsQNO3yXNhke5I_190423-071513.jpg?v=20230419091513) / [Monte Bondone](https://static2.giroditalia.it/wp-content/uploads/2023/02/s2l3kQwhvv9KLF871a8E_190423-071514.jpg?v=20230419091514)\n\|Social Media\|[Twitter](https://twitter.com/giroditalia) / [Facebook](https://www.facebook.com/giroditalia) / [Instagram](https://www.instagram.com/giroditalia/)\n\|Overall Previews\|[Cycling Mole](https://cyclingmole.com/2023/05/01/2023-giro-ditalia-preview/) / [Rouleur](https://www.rouleur.cc/blogs/the-rouleur-journal/giro-d-italia-2023-the-general-classification-favourites) / [GCN](https://www.youtube.com/watch?v=DZEwIhc0AYo) / [Lanterne Rouge](https://www.youtube.com/watch?v=XNRjeYDfFMs)\n\| /r/peloton content\| [Pre-Race thread](https://old.reddit.com/r/peloton/comments/1352nn0/prerace_thread_giro_ditalia_2023_106th_edition/) / [Cheat Notes](https://old.reddit.com/r/peloton/comments/136hsqe/cheat_notes_2023_giro_de_italia/) / [RFL](https://old.reddit.com/r/peloton/comments/136zc2z/rfl_23_srfl_23_giro_ditalia_predictions_25_days/) / [SRFL](https://srfl.one/) / [SWL](https://old.reddit.com/r/peloton/comments/136jxv5/stage_winners_league_giro_ditalia_2023_rpeloton/) / [GTP](https://old.reddit.com/r/peloton/comments/1356leq/gtp_23_2023_grand_tour_predictions_game_giro/) / [TFTPT](https://old.reddit.com/r/peloton/comments/135j4qr/tftpt_23_giro_ditalia_time_tournament_new_flairs/)\n\|Live Trackers\| [Official](https://www.giroditalia.it/en/livehub/) / [Cycling News](https://www.cyclingnews.com/live-reports/) / [PCS](https://www.procyclingstats.com/race/giro-d-italia/2023/stage-16/live)\n\|TV\| [Eurosport](https://www.eurosport.com/)/[GCN+](https://www.globalcyclingnetwork.com/) / Check your local broadcaster [here](https://www.giroditalia.it/en/giro-in-tv/) / Race Coverage starts at 10:40 [CEST](http://www.timebie.com/std/centraleuropeansummer.php?q=10)\|\n---\n\n* For a live chat way to discuss/follow the race we [have a discord too](https://discord.gg/RgBftaX)!', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/', '13pfq48', [['u/alicjaunknown', 29, '2023-05-23 08:03', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9b96w/', "As famous italian once said - LET'S A GO!", '13pfq48'], ['u/disambiguationuk', 40, '2023-05-23 08:13', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9c2d4/', 'I can sense it, after all these years, today will be the day that Cav finally takes his mountain top victory capping off an already remarkable career. Freed from the shackles of the title of Sprinteur King, Cav will put to rest all the deniers that he is truly the GOAT(of all time).', '13pfq48'], ['u/TomJFrancis', 34, '2023-05-23 08:22', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9cr33/', "Can someone please explain all this Almeida hype to me? Am I missing something? What has he done that makes people think he's the fav to win? Or are some people just taking the LR podcast too seriously? \n\n(I'm not hating on the guy, I just think it's an absolute lottery at the moment)", '13pfq48'], ['u/DisastrousProfessor1', 21, '2023-05-23 08:23', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9cvik/', "I'm really looking forward to this stage. Please don't disappoint. (Who am I kidding, I'm going to be disappointed.)", '13pfq48'], ['u/aryashorse', 10, '2023-05-23 08:23', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9cvso/', 'Canzone della tappa\n\nStage 16, Sabbio Chiese– Monte Bondone: Aria cromatica e variata, by Francesco Antonio Bonporti, performed Duo Tartini\n https://youtu.be/JEw7nX9RaZQ\n \nToday’s stage finishes above Trento, where the priest and composer Francesco Antonio Bonporti (1672–1749) was born. His music was largely forgotten until the 20th century, when musicologists discovered that some of his works had been misattributed to J.S. Bach.\n \nBonporti was clearly an influence on Bach. The latter had transcribed some of Bonporti’s op.10 and Bach likely borrowed from the ‘Ecco’ movement of this piece in the ‘Echo’ movement of his own Ouverture for harpsichord BWV 831.\n \nI’m hoping that in today’s stage the GC riders, refreshed after the rest day, will match the liveliness of the tightly-woven melodies in Aria cromatica e variata.', '13pfq48'], ['u/alicjaunknown', 12, '2023-05-23 08:26', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9d25w/', "well in that case it should be Let's a go to sleep a", '13pfq48'], ['u/mcrorigan', 21, '2023-05-23 08:29', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9dc7q/', 'Simon Clarke DNS, I wonder how many more there will be this morning.', '13pfq48'], ['u/ninjeti', 15, '2023-05-23 08:47', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_thread_2023_giro_ditalia_stage_16_2uwt/jl9epg0/', '"What has he done that makes people think he\'s the fav to win?"\n\nHe did absolutely nothing. Ineos and TJV are playing games and people somehow got an idea Almeida will thash them and that Ineos and TJV will somehow just let him do that. Copium.', '13pfq48'], ['u/bomber84e1', 14, '2023-05-23 08:55', 'https://www.reddit.com/r/peloton/comments/13pfq48/race_... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Crypto\'s narrative this year has varied so widely that one dominant thread is difficult to pin down. BTC was hovering comfortably above $27K.\nInsights:Crypto in Hong Kong won\'t resemble what it looked like in previously, if the government passes proposed crypto exchange rules.\nCoinDesk Market Index (CMI)\n1,204.65\n+14.6▲1.2%\nBitcoin (BTC)\n$27,139\n+235.9▲0.9%\nEthereum (ETH)\n$1,849\n+27.9▲1.5%\nS&P 500 daily close\n4,145.58\n−47.0▼1.1%\nGold\n$1,978\n+3.4▲0.2%\nTreasury Yield 10 Years\n3.7%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,204.65", "+14.6\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,139", "+235.9\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,849", "+27.9\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,145.58", "\\u221247.0\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+3.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.7%", "\\u25bc0.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin Rises Slightly and Waits\nGood morning,\nBitcoin is starting the trading day in East Asia up 0.9% to $27,139, while ether is up 1.5% to $1,849.\nAre we in a meme coin season? A hedge against risk season? Or a risk asset season?\nTough to tell these days.\nOne day it seems like bitcoin and ether are making a slow and steady push upwards, then the next memecoin comes along and shoots into the stratosphere. On other days it seems like there’s a flight to quality. Consider the data point of staked ether hitting an all-time high.\nSince Ethereum\'s Shapella upgrade on April 12, the amount of staked ether has surged,CoinDesk recently reported, with 4.4 million more coins deposited for staking.\nAll this is despite over a month\'s wait to become a network validator, driven by large ether holders seeking passive income, and anticipated deflationary forces that may increase ether\'s price, making the 4-5% annual yield an attractive proposition.\n“With Ethereum’s Shanghai over and investors nursing memecoin hangovers, the crypto market is ‘sans narrative,’ Charmyn Ho, head of crypto insights at Bybit, wrote in a note to CoinDesk.\nHo writes that the imminent Ethereum EIP-4844 upgrade, which boosts transaction throughput via a process calledproto-danksharding, could favor Layer 2 solutions like Arbitrum, Optimism, and promising new entrants like Mantle, possibly ushering an "L2 season," while the altcoin market drifts towards Bitcoin amid a fluctuating yield curve.\nBut right now, the narrative is tricky to pin down.\n“With most coins struggling to break their 20-week moving averages, it seems premature to talk of an incoming ‘altseason’ or ‘memeseason’,” Ho said. “Indeed, we are still seeing capital move the opposite way – from altcoins to Bitcoin and Ethereum. As a result, most altcoins are falling on their BTC pairs.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+1.4%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22120.9%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.8%", "DACS Sector": "Computing"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.7%", "DACS Sector": "Currency"}]\nNew Hong Kong Rules Value TradFi Chops\nA few months ago,crypto Twitterati thoughtthat Hong Kong’s upcoming virtual asset rules would unlock a geyser of degen capital and jumpstart the China crypto narrative.\nAfter all, Hong Kong was, at one time, the home of crypto’s growth story in its early days. Binance, Bitfinex, Tether, Justin Sun, and many other crypto stakeholders as well as Initial Coin Offering (ICO) teams once called Hong Kong home as the city’s fast-paced and free-flowing markets on overdrive were a natural match for crypto.\nIt was hoped that all this would make Hong Kong’s crypto scene great again – bringing back the fast times of the past.\nBut the Securities and Futures Commission\'s (SFC)latest draftof the guidelines thatcame out Tuesday afternoonHong Kong time discouraged the idea.\nCurrently, most of the virtual asset trading platforms accessible to the public are not regulated by the SFC, and the SFC hasn’t announced a list of license applicants.\nTaking a glimpse at this draft, which plays a part of the consultation process, the SFC is beating down the idea that crypto in 2023’s Hong Kong is going to be like anything of the past.\nRetail Can Trade – After Onboarding\nYes, retail investors will be able to trade crypto in Hong Kong. But not every retail investor will be able to trade crypto in Hong Kong.\nThe exact criteria of what constitutes an onboarding process hasn’t been precisely defined, but the SFC says that the automatic trading nature of virtual assets “necessitates strict requirements”.\nPlatform operators must ensure the suitability of retail clients through comprehensive onboarding processes, the SFC says, including risk tolerance assessment and a holistic evaluation of an investor\'s understanding of virtual assets based on their education, work, and prior trading experience.\nPlatforms will be required to establish limits on the size of positions, and the SFC says that exact exposure limit will be determined based on a know-your-client process the exchange conducts.\nTradFi Licenses Prioritized\nOn top of these exchanges, just like any other traditional financial institution in Hong Kong, will be two key positions: the Responsible Officer and the Licensed Representative.\nThese individuals will generally have to fit within the criteria the SFC uses for these roles in the TradFi space. They must have a combination of relevant degrees (though does such a thing exist for crypto?), management experience and local equivalents to FINRA licenses from the Hong Kong Securities and Investment Institute.\nIt’s understood that many exchanges intending to apply for licenses in Hong Kong, such as Binance, have begun to heavily hire ex-TradFi types who hold these licenses – crypto knowledge be damned.\nExchanges Must Provide Financial Disclosures\nThe new regulations mandate crypto exchanges to maintain a minimum of HKD 5,000,000 ($640,000) in capital at all times and submit monthly financial reports to the SFC, which include a summary of both assets (in particular where and when they are deposited) as well as liabilities such as bank loans or other credit facilities.\nPost-FTX, many exchanges are publishingProof of Reserves, a form of on-chain audit to build confidence in their liquidity. However, these have been criticized for lacking one key metric – liabilities. It looks like this requirement from the SFC will address this.\nNot Every Token Can Be Listed; Retail Won’t Have Stablecoins\nPart of the SFC’s proposed rules is what effectively amounts to a 12-month cooling-off period between the launch of a token and when it\'s able to be listed on regulated exchanges.\n“While a 12-month requirement may not have prevented the recent collapses of some tokens, this requirement aims to reduce the risk of reasonably hard-to-detect fraud as well as the possible impact on the price of a token of the marketing efforts leading up to its initial offering,” the SFC writes.\nListed tokens must also have a smart contract audit completed by an independent assessor. As well, tokens must be large-cap virtual assets included in at least two acceptable indices issued by two independent index providers.\nHowever, the SFC said that it doesn’t feel it would be “appropriate” to publish a list of virtual assets eligible for retail trading.\nPerhaps the most controversial part of this would be the ban on stablecoins for retail traders, as the SFC finds them unsuitable for retail traders due to the propensity for runs and the lack of regulation.\nRetail traders will only get access to stablecoinsonce local regulations for the asset class are in place.\nCustodians Excluded\nFTX customers in Japanlive in something of a parallel universe to their peers elsewhere.\nBecause rules in Japan – implemented post-Mt. Gox – require exchanges that operate in the company to use third-party custodians that segregate funds, Japanese customers have been able to withdraw crypto and fiat fromFTX Japan since early February.\nBut this won’t be the case in Hong Kong.\nThe SFC says that since there is no regulatory regime for custodians of virtual assets, allowing that would hinder their supervision and enforcement.\nThis could be considered counterintuitive, since manycrypto custodians already existin Hong Kong, like Hex Trust. Alessio Quaglini, the CEO of Hex Trust,has long called for specific custodian rules for digital assets, but it looks like that request has met deafening silence.\n10:00 a.m. HKT/SGT(2:00 UTC)New Zealand Monetary Policy Statement\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Consumer Price Index (YoY/April)\n2:009 a.m. HKT/SGT(18:00 UTC)United States FOMC Minutes\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFTX CEO\'s Legal Billings Hint at Comeback for Crypto Exchange; Bitcoin\'s Reaction to Debt Ceiling Stalemate\nThe new CEO of FTX, John Ray III, billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials. Laura Shin, "The Cryptopians" author and "Unchained" podcast host joined "First Mover" to discuss. Plus, LUKSO co-founder and chief blockchain architect Fabian Vogelsteller discussed LUKSO’s upcoming mainnet launch. And, bitcoin (BTC) was back above $27,000 – as President Biden and House Speaker Kevin McCarthy left their meeting on Monday without having reached a deal on the debt ceiling. Unizen head of research and analytics Ajay Dhingra shared his crypto markets analysis.\nCoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether:Bitcoin and Ether’s streak of monthly gains is in danger of ending.\nLabDAO Raises $3.6M to Decentralize Drug Discovery:The project also launched its new PLEX client that eases the burden of resource-intensive computations for scientific data.\nNumber of Ether Staked Has Surged by 4.4 Million Since Shapella Upgrade:Staking refers to locking coins in the blockchain network in return for rewards.\nAave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug:All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said.\nShiba Inu’s Puppynet Testnet Logs 10M Transactions, Putting Ecosystem Tokens in Focus:Ecosystem tokens shiba inu, leash and bone will be used to transact on the upcoming Ethereum-based blockchain.', 'Good morning. Here’s what’s happening: Prices: Crypto\'s narrative this year has varied so widely that one dominant thread is difficult to pin down. BTC was hovering comfortably above $27K. Insights: Crypto in Hong Kong won\'t resemble what it looked like in previously, if the government passes proposed crypto exchange rules. Prices CoinDesk Market Index (CMI) 1,204.65 +14.6 ▲ 1.2% Bitcoin (BTC) $27,139 +235.9 ▲ 0.9% Ethereum (ETH) $1,849 +27.9 ▲ 1.5% S&P 500 daily close 4,145.58 −47.0 ▼ 1.1% Gold $1,978 +3.4 ▲ 0.2% Treasury Yield 10 Years 3.7% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,204.65 +14.6 ▲ 1.2% Bitcoin (BTC) $27,139 +235.9 ▲ 0.9% Ethereum (ETH) $1,849 +27.9 ▲ 1.5% S&P 500 daily close 4,145.58 −47.0 ▼ 1.1% Gold $1,978 +3.4 ▲ 0.2% Treasury Yield 10 Years 3.7% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Rises Slightly and Waits Good morning, Bitcoin is starting the trading day in East Asia up 0.9% to $27,139, while ether is up 1.5% to $1,849. Are we in a meme coin season? A hedge against risk season? Or a risk asset season? Tough to tell these days. One day it seems like bitcoin and ether are making a slow and steady push upwards, then the next memecoin comes along and shoots into the stratosphere. On other days it seems like there’s a flight to quality. Consider the data point of staked ether hitting an all-time high. Since Ethereum\'s Shapella upgrade on April 12, the amount of staked ether has surged, CoinDesk recently reported , with 4.4 million more coins deposited for staking. All this is despite over a month\'s wait to become a network validator, driven by large ether holders seeking passive income, and anticipated deflationary forces that may increase ether\'s price, making the 4-5% annual yield an attractive proposition. Story continues “With Ethereum’s Shanghai over and investors nursing memecoin hangovers, the crypto market is ‘sans narrative,’ Charmyn Ho, head of crypto insights at Bybit, wrote in a note to CoinDesk. Ho writes that the imminent Ethereum EIP-4844 upgrade, which boosts transaction throughput via a process called proto-danksharding , could favor Layer 2 solutions like Arbitrum, Optimism, and promising new entrants like Mantle, possibly ushering an "L2 season," while the altcoin market drifts towards Bitcoin amid a fluctuating yield curve. But right now, the narrative is tricky to pin down. “With most coins struggling to break their 20-week moving averages, it seems premature to talk of an incoming ‘altseason’ or ‘memeseason’,” Ho said. “Indeed, we are still seeing capital move the opposite way – from altcoins to Bitcoin and Ethereum. As a result, most altcoins are falling on their BTC pairs.” Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +1.5% Smart Contract Platform Ethereum ETH +1.4% Smart Contract Platform Gala GALA +1.4% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −0.9% Entertainment Chainlink LINK −0.8% Computing Dogecoin DOGE −0.7% Currency Insights New Hong Kong Rules Value TradFi Chops A few months ago, crypto Twitterati thought that Hong Kong’s upcoming virtual asset rules would unlock a geyser of degen capital and jumpstart the China crypto narrative. After all, Hong Kong was, at one time, the home of crypto’s growth story in its early days. Binance, Bitfinex, Tether, Justin Sun, and many other crypto stakeholders as well as Initial Coin Offering (ICO) teams once called Hong Kong home as the city’s fast-paced and free-flowing markets on overdrive were a natural match for crypto. It was hoped that all this would make Hong Kong’s crypto scene great again – bringing back the fast times of the past. But the Securities and Futures Commission\'s (SFC) latest draft of the guidelines that came out Tuesday afternoon Hong Kong time discouraged the idea. Currently, most of the virtual asset trading platforms accessible to the public are not regulated by the SFC, and the SFC hasn’t announced a list of license applicants. Taking a glimpse at this draft, which plays a part of the consultation process, the SFC is beating down the idea that crypto in 2023’s Hong Kong is going to be like anything of the past. Retail Can Trade – After Onboarding Yes, retail investors will be able to trade crypto in Hong Kong. But not every retail investor will be able to trade crypto in Hong Kong. The exact criteria of what constitutes an onboarding process hasn’t been precisely defined, but the SFC says that the automatic trading nature of virtual assets “necessitates strict requirements”. Platform operators must ensure the suitability of retail clients through comprehensive onboarding processes, the SFC says, including risk tolerance assessment and a holistic evaluation of an investor\'s understanding of virtual assets based on their education, work, and prior trading experience. Platforms will be required to establish limits on the size of positions, and the SFC says that exact exposure limit will be determined based on a know-your-client process the exchange conducts. TradFi Licenses Prioritized On top of these exchanges, just like any other traditional financial institution in Hong Kong, will be two key positions: the Responsible Officer and the Licensed Representative. These individuals will generally have to fit within the criteria the SFC uses for these roles in the TradFi space. They must have a combination of relevant degrees (though does such a thing exist for crypto?), management experience and local equivalents to FINRA licenses from the Hong Kong Securities and Investment Institute. It’s understood that many exchanges intending to apply for licenses in Hong Kong, such as Binance, have begun to heavily hire ex-TradFi types who hold these licenses – crypto knowledge be damned. Exchanges Must Provide Financial Disclosures The new regulations mandate crypto exchanges to maintain a minimum of HKD 5,000,000 ($640,000) in capital at all times and submit monthly financial reports to the SFC, which include a summary of both assets (in particular where and when they are deposited) as well as liabilities such as bank loans or other credit facilities. Post-FTX, many exchanges are publishing Proof of Reserves , a form of on-chain audit to build confidence in their liquidity. However, these have been criticized for lacking one key metric – liabilities. It looks like this requirement from the SFC will address this. Not Every Token Can Be Listed; Retail Won’t Have Stablecoins Part of the SFC’s proposed rules is what effectively amounts to a 12-month cooling-off period between the launch of a token and when it\'s able to be listed on regulated exchanges. “While a 12-month requirement may not have prevented the recent collapses of some tokens, this requirement aims to reduce the risk of reasonably hard-to-detect fraud as well as the possible impact on the price of a token of the marketing efforts leading up to its initial offering,” the SFC writes. Listed tokens must also have a smart contract audit completed by an independent assessor. As well, tokens must be large-cap virtual assets included in at least two acceptable indices issued by two independent index providers. However, the SFC said that it doesn’t feel it would be “appropriate” to publish a list of virtual assets eligible for retail trading. Perhaps the most controversial part of this would be the ban on stablecoins for retail traders, as the SFC finds them unsuitable for retail traders due to the propensity for runs and the lack of regulation. Retail traders will only get access to stablecoins once local regulations for the asset class are in place. Custodians Excluded FTX customers in Japan live in something of a parallel universe to their peers elsewhere. Because rules in Japan – implemented post-Mt. Gox – require exchanges that operate in the company to use third-party custodians that segregate funds, Japanese customers have been able to withdraw crypto and fiat from FTX Japan since early February. But this won’t be the case in Hong Kong. The SFC says that since there is no regulatory regime for custodians of virtual assets, allowing that would hinder their supervision and enforcement. This could be considered counterintuitive, since many crypto custodians already exist in Hong Kong, like Hex Trust. Alessio Quaglini, the CEO of Hex Trust, has long called for specific custodian rules for digital assets , but it looks like that request has met deafening silence. Important events. 10:00 a.m. HKT/SGT(2:00 UTC) New Zealand Monetary Policy Statement 2:00 p.m. HKT/SGT(6:00 UTC) United Kingdom Consumer Price Index (YoY/April) 2:009 a.m. HKT/SGT(18:00 UTC) United States FOMC Minutes CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : FTX CEO\'s Legal Billings Hint at Comeback for Crypto Exchange; Bitcoin\'s Reaction to Debt Ceiling Stalemate The new CEO of FTX, John Ray III, billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials. Laura Shin, "The Cryptopians" author and "Unchained" podcast host joined "First Mover" to discuss. Plus, LUKSO co-founder and chief blockchain architect Fabian Vogelsteller discussed LUKSO’s upcoming mainnet launch. And, bitcoin (BTC) was back above $27,000 – as President Biden and House Speaker Kevin McCarthy left their meeting on Monday without having reached a deal on the debt ceiling. Unizen head of research and analytics Ajay Dhingra shared his crypto markets analysis. Headlines CoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether : Bitcoin and Ether’s streak of monthly gains is in danger of ending. LabDAO Raises $3.6M to Decentralize Drug Discovery : The project also launched its new PLEX client that eases the burden of resource-intensive computations for scientific data. Number of Ether Staked Has Surged by 4.4 Million Since Shapella Upgrade : Staking refers to locking coins in the blockchain network in return for rewards. Aave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug : All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said. Shiba Inu’s Puppynet Testnet Logs 10M Transactions, Putting Ecosystem Tokens in Focus : Ecosystem tokens shiba inu, leash and bone will be used to transact on the upcoming Ethereum-based blockchain.', 'Bitcoin edged up and continued trading above the US$27,000 threshold on Wednesday morning in Asia, with other top 10 non-stablecoin cryptocurrencies trading mixed. Investors continue to eye U.S. debt ceiling talks. Bitcoin, Ether rise Bitcoin rose 0.39% over the last 24 hours to US$27,172 at 9:45 a.m. in Hong Kong, according to data from CoinMarketCap. Hong Kong\x92s securities regulator announced Tuesday that it will allow trading of certain crypto assets from June 1, contributing to the rise. The world\x92s largest cryptocurrency by market capitalization was, however, down 0.14% over the past seven days. Ether climbed 0.43% in the past 24 hours to US$1,848, up 0.82% over the past week. Dogecoin was down 1% over the last 24 hours to US$0.07267. It also logged a 1% weekly decline. Conversely, daily transaction volume on the Dogecoin network reached an all-time high of 1.42 million transactions on Monday. That figure surpasses Ethereum\x92s 1.11 million, Bitcoin\x92s 519,716 and Litecoin\x92s 258,222 transactions, according to data from BitInfoCharts. The rise followed the launch on May 9 of a new Dogecoin mechanism. This allows the\xa0 issuance of so-called DRC-20 tokens. Some social media commentators have attributed the gains to the hype caused by the release. Daily #Dogecoin transactions have skyrocketed to ATH (650k), surpassing #BTC and #LTC transactions today due to folks trying to cram tokens (DRC20 "standard") and other stuff on top of the Dogecoin network. Many have been rushing to mint these "tokens" over the past two days. pic.twitter.com/Vt60MxX1no \x97 Mishaboar (@mishaboar) May 15, 2023 Meanwhile, BNB added 0.58% over the past 24 hours to US$312. That rise came despite a Reuters report published Tuesday alleging that Binance, the token\x92s issuer, had failed to properly separate client and company funds. \x93The report is definitely not bullish for Binance or BNB but, ultimately, that\x92s still one piece of news within a broader market,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock. Story continues \x93It\x92s worth noting that BNB as a blockchain recorded a massive amount of transactions, which seems to hint at a lot of enthusiasm, building and utility for the chain, regardless of allegations on Binance\x92s business.\x94 Bitcoin-based NFT daily sales rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.01% at 3,389.10 in the 24 hours to 11:00 a.m. in Hong Kong. The index was up 0.12% over the past seven days. NFT sales on Ethereum fell 5.34% in the last 24 hours to US$13.49 million, according to CryptoSlam data. Whereas, sales on the Bitcoin blockchain expanded 49.67% to US$4.03 million. AssetDash Vanta , a Solana-based NFT collection that started minting on Tuesday, recorded the most sales across the NFT market in the past 24 hours. It recorded a daily sales value of US$1.54 million. Bitamigos , a Bitcoin Ordinals collection, is currently second in terms of daily sales value. Its daily sales rose 30.4% over the past 24 hours to US$1.05 million. According to Yehudah Petscher, NFT Strategist at Forkast Labs, \x93the past seven days in NFTs have been all about Bitcoin Ordinals, which now represent three of the top 10 collections.\x94 He added that Bored Ape Yacht Club \x93has been dethroned for now, with two Ordinals projects and Mythos Chain\x92s DMarket all outselling the NFT community\x92s favorite apes.\x94 Regardless, BAYC still saw the most sales on Ethereum in the last 24 hours. It recorded a daily sales value of US$950,020. U.S. futures rise; New Zealand raises rates House Majority Leader Steve Scalise. Image: Getty Images Major U.S. stock futures rose as of noon in Hong Kong. The Dow Jones Industrial Average futures edged up 0.09%, while the tech-heavy Nasdaq 100 futures rose 0.1%. The S&P 500 futures added 0.11%. U.S. debt ceiling negotiations continue to drag on. A group of House Republicans raised questions Tuesday regarding the June 1 debt default deadline suggested by Treasury Secretary Janet Yellen. Yellen has repeatedly stated that the U.S. will fail to pay its debts from that date. The resulting default would lead to devastating consequences for U.S. and global markets. It would also, Yellen warns, erode global trust in U.S. treasuries as a safe haven for investment. House Majority Leader Steve Scalise told reporters on Tuesday that they would like to see \x93more transparency\x94 on how the Treasury Department arrived at June 1 as the so-called \x93X-date\x94 for the default. \x93It looks like they\x92re hedging now and opening the door to move that date back,\x94 he said. Meanwhile, New Zealand\x92s central bank hiked interest rates by 25 basis points Wednesday to 5.5%. That is its highest rate in over 14 years. The move is in line with the expectations of economists polled by Reuters. Elsewhere, in Japan, business sentiment among domestic manufacturers turned positive for the first time this year, according to a Reuters Tankan poll for May. View comments', 'Bitcoin edged up and continued trading above the US$27,000 threshold on Wednesday morning in Asia, with other top 10 non-stablecoin cryptocurrencies trading mixed. Investors continue to eye U.S. debt ceiling talks.\nBitcoin rose 0.39% over the last 24 hours to US$27,172 at 9:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. Hong Kong’s securities regulatorannouncedTuesday that it will allow trading of certain crypto assets from June 1, contributing to the rise.\nThe world’s largest cryptocurrency by market capitalization was, however, down 0.14% over the past seven days.\nEther climbed 0.43% in the past 24 hours to US$1,848, up 0.82% over the past week.\nDogecoin was down 1% over the last 24 hours to US$0.07267. It also logged a 1% weekly decline.\nConversely, daily transaction volume on the Dogecoin network reached an all-time high of 1.42 million transactions on Monday. That figure surpasses Ethereum’s 1.11 million, Bitcoin’s 519,716 and Litecoin’s 258,222 transactions, according todatafrom BitInfoCharts.\nThe rise followed thelaunchon May 9 of a new Dogecoin mechanism. This allows the\xa0 issuance of so-called DRC-20 tokens. Some social media commentators have attributed the gains to thehypecaused by the release.\nMeanwhile, BNB added 0.58% over the past 24 hours to US$312. That rise came despite a Reutersreportpublished Tuesday alleging that Binance, the token’s issuer, had failed to properly separate client and company funds.\n“The report is definitely not bullish for Binance or BNB but, ultimately, that’s still one piece of news within a broader market,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“It’s worth noting that BNB as a blockchain recorded a massive amount of transactions, which seems to hint at a lot of enthusiasm, building and utility for the chain, regardless of allegations on Binance’s business.”\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.01% at 3,389.10 in the 24 hours to 11:00 a.m. in Hong Kong. The index was up 0.12% over the past seven days.\nNFT sales on Ethereum fell 5.34% in the last 24 hours to US$13.49 million, according toCryptoSlamdata. Whereas, sales on the Bitcoin blockchain expanded 49.67% to US$4.03 million.\nAssetDash Vanta, a Solana-based NFT collection that startedmintingon Tuesday, recorded the most sales across the NFT market in the past 24 hours. It recorded a daily sales value of US$1.54 million.\nBitamigos, a Bitcoin Ordinals collection, is currently second in terms of daily sales value. Its daily sales rose 30.4% over the past 24 hours to US$1.05 million.\nAccording toYehudah Petscher,NFT Strategist at Forkast Labs, “the past seven days in NFTs have been all about Bitcoin Ordinals, which now represent three of the top 10 collections.”\nHe added thatBored Ape Yacht Club“has been dethroned for now, with two Ordinals projects and Mythos Chain’s DMarket all outselling the NFT community’s favorite apes.”\nRegardless, BAYC still saw the most sales on Ethereum in the last 24 hours. It recorded a daily sales value of US$950,020.\nMajor U.S. stock futures rose as of noon in Hong Kong. The Dow Jones Industrial Average futures edged up 0.09%, while the tech-heavy Nasdaq 100 futures rose 0.1%. The S&P 500 futures added 0.11%.\nU.S. debt ceiling negotiations continue to drag on. A group of House Republicans raised questions Tuesday regarding the June 1 debt default deadlinesuggestedby Treasury Secretary Janet Yellen.\nYellen has repeatedly stated that the U.S. will fail to pay its debts from that date. The resulting default would lead to devastating consequences for U.S. and global markets. It would also, Yellen warns, erode global trust in U.S. treasuries as a safe haven for investment.\nHouse Majority Leader Steve Scalisetoldreporters on Tuesday that they would like to see “more transparency” on how the Treasury Department arrived at June 1 as the so-called “X-date” for the default.\n“It looks like they’re hedging now and opening the door to move that date back,” he said.\nMeanwhile, New Zealand’s central bankhikedinterest rates by 25 basis points Wednesday to 5.5%. That is its highest rate in over 14 years. The move is in line with the expectations of economistspolledby Reuters.\nElsewhere, in Japan, business sentiment among domestic manufacturers turned positive for the first time this year, according to a Reuters Tankanpollfor May.', 'Bitcoin edged up and continued trading above the US$27,000 threshold on Wednesday morning in Asia, with other top 10 non-stablecoin cryptocurrencies trading mixed. Investors continue to eye U.S. debt ceiling talks.\nBitcoin rose 0.39% over the last 24 hours to US$27,172 at 9:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. Hong Kong’s securities regulatorannouncedTuesday that it will allow trading of certain crypto assets from June 1, contributing to the rise.\nThe world’s largest cryptocurrency by market capitalization was, however, down 0.14% over the past seven days.\nEther climbed 0.43% in the past 24 hours to US$1,848, up 0.82% over the past week.\nDogecoin was down 1% over the last 24 hours to US$0.07267. It also logged a 1% weekly decline.\nConversely, daily transaction volume on the Dogecoin network reached an all-time high of 1.42 million transactions on Monday. That figure surpasses Ethereum’s 1.11 million, Bitcoin’s 519,716 and Litecoin’s 258,222 transactions, according todatafrom BitInfoCharts.\nThe rise followed thelaunchon May 9 of a new Dogecoin mechanism. This allows the\xa0 issuance of so-called DRC-20 tokens. Some social media commentators have attributed the gains to thehypecaused by the release.\nMeanwhile, BNB added 0.58% over the past 24 hours to US$312. That rise came despite a Reutersreportpublished Tuesday alleging that Binance, the token’s issuer, had failed to properly separate client and company funds.\n“The report is definitely not bullish for Binance or BNB but, ultimately, that’s still one piece of news within a broader market,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“It’s worth noting that BNB as a blockchain recorded a massive amount of transactions, which seems to hint at a lot of enthusiasm, building and utility for the chain, regardless of allegations on Binance’s business.”\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.01% at 3,389.10 in the 24 hours to 11:00 a.m. in Hong Kong. The index was up 0.12% over the past seven days.\nNFT sales on Ethereum fell 5.34% in the last 24 hours to US$13.49 million, according toCryptoSlamdata. Whereas, sales on the Bitcoin blockchain expanded 49.67% to US$4.03 million.\nAssetDash Vanta, a Solana-based NFT collection that startedmintingon Tuesday, recorded the most sales across the NFT market in the past 24 hours. It recorded a daily sales value of US$1.54 million.\nBitamigos, a Bitcoin Ordinals collection, is currently second in terms of daily sales value. Its daily sales rose 30.4% over the past 24 hours to US$1.05 million.\nAccording toYehudah Petscher,NFT Strategist at Forkast Labs, “the past seven days in NFTs have been all about Bitcoin Ordinals, which now represent three of the top 10 collections.”\nHe added thatBored Ape Yacht Club“has been dethroned for now, with two Ordinals projects and Mythos Chain’s DMarket all outselling the NFT community’s favorite apes.”\nRegardless, BAYC still saw the most sales on Ethereum in the last 24 hours. It recorded a daily sales value of US$950,020.\nMajor U.S. stock futures rose as of noon in Hong Kong. The Dow Jones Industrial Average futures edged up 0.09%, while the tech-heavy Nasdaq 100 futures rose 0.1%. The S&P 500 futures added 0.11%.\nU.S. debt ceiling negotiations continue to drag on. A group of House Republicans raised questions Tuesday regarding the June 1 debt default deadlinesuggestedby Treasury Secretary Janet Yellen.\nYellen has repeatedly stated that the U.S. will fail to pay its debts from that date. The resulting default would lead to devastating consequences for U.S. and global markets. It would also, Yellen warns, erode global trust in U.S. treasuries as a safe haven for investment.\nHouse Majority Leader Steve Scalisetoldreporters on Tuesday that they would like to see “more transparency” on how the Treasury Department arrived at June 1 as the so-called “X-date” for the default.\n“It looks like they’re hedging now and opening the door to move that date back,” he said.\nMeanwhile, New Zealand’s central bankhikedinterest rates by 25 basis points Wednesday to 5.5%. That is its highest rate in over 14 years. The move is in line with the expectations of economistspolledby Reuters.\nElsewhere, in Japan, business sentiment among domestic manufacturers turned positive for the first time this year, according to a Reuters Tankanpollfor May.', "According to a report in CoinDesk, the ongoing debate surroundingBitcoinmining is overlooking the voices of those most affected by the industry's operations. In upstate New York, where crypto mining facility Greenidge Generation is located, environmentalists have been successful in influencing legislation targeting mining companies. However, local residents near Greenidge feel excluded from the conversation, while the broader debate fails to acknowledge the role the facility plays in their lives.\nThe Greenidge facility has faced criticism from environmentalists who claim it is responsible for harming aquatic life and contributing to harmful algal blooms. However, the rhetoric used by these critics, including New York Assemblywoman Anna Kelles, has been debunked by state data and direct, on-the-ground experiences. Meanwhile, advocates for the industry are touting the potential benefits of Bitcoin mining, such as investments in renewable energy and improvements to energy grids. The debate has become highly politicized, focusing on environmental and philosophical concerns, without fully considering the nuanced realities on the ground.", "Report Combats Misinformation in Bitcoin Mining Debate Report Combats Misinformation in Bitcoin Mining Debate According to a report in CoinDesk, the ongoing debate surrounding Bitcoin mining is overlooking the voices of those most affected by the industry's operations. In upstate New York, where crypto mining facility Greenidge Generation is located, environmentalists have been successful in influencing legislation targeting mining companies. However, local residents near Greenidge feel excluded from the conversation, while the broader debate fails to acknowledge the role the facility plays in their lives. The Greenidge facility has faced criticism from environmentalists who claim it is responsible for harming aquatic life and contributing to harmful algal blooms. However, the rhetoric used by these critics, including New York Assemblywoman Anna Kelles, has been debunked by state data and direct, on-the-ground experiences. Meanwhile, advocates for the industry are touting the potential benefits of Bitcoin mining, such as investments in renewable energy and improvements to energy grids. The debate has become highly politicized, focusing on environmental and philosophical concerns, without fully considering the nuanced realities on the ground.", "According to a report in CoinDesk, the ongoing debate surroundingBitcoinmining is overlooking the voices of those most affected by the industry's operations. In upstate New York, where crypto mining facility Greenidge Generation is located, environmentalists have been successful in influencing legislation targeting mining companies. However, local residents near Greenidge feel excluded from the conversation, while the broader debate fails to acknowledge the role the facility plays in their lives.\nThe Greenidge facility has faced criticism from environmentalists who claim it is responsible for harming aquatic life and contributing to harmful algal blooms. However, the rhetoric used by these critics, including New York Assemblywoman Anna Kelles, has been debunked by state data and direct, on-the-ground experiences. Meanwhile, advocates for the industry are touting the potential benefits of Bitcoin mining, such as investments in renewable energy and improvements to energy grids. The debate has become highly politicized, focusing on environmental and philosophical concerns, without fully considering the nuanced realities on the ground.", "According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential.\nThe data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data.\nThis data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way.", "According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential.\nThe data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data.\nThis data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way.", "One-Year Bitcoin ‘HODLing’ Hits New All-Time High One-Year Bitcoin ‘HODLing’ Hits New All-Time High According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential. The data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data. This data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way. View comments", '• US stocks fell Tuesday as debt-ceiling talks appeared to stall.\n• "It\'s a slow walk," Rep. Patrick McHenry said, according to Roll Call.\n• The Treasury Department is reportedly hunting for ways to conserve cash.\nUS stocks dropped Tuesday with no word yet from the White House or Republicans on whether any more progress has been made on a deal to steer the country away from a potential debt default.\nThe Dow Jones Industrial Average lost ground for a second consecutive day, and the Nasdaq Composite was knocked lower after logging its highest close of the year in the previous session.\nInvestors appeared spooked by the lack of movement from Democrats and Republicans over reaching a deal to raise the $31 trillion debt ceiling. Treasury Secretary Janet Yellen has said the government will run out of cash to pay bills as soon as June 1.\nLooking for ways to conserve cash, the Treasury Department has asked government agencies whether they can make upcoming payments at a later date,the Washington Post reported, citing unnamed sources.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500:4,145.58, down 1.12%\n• Dow Jones Industrial Average:33,055.51, down 0.69% (231.07 points)\n• Nasdaq Composite:12,560.25, down 1.26%\nRepublican negotiators said Tuesday that no progress had been made in bridging differences with White House negotiators,according to Roll Call. Meanwhile, congressional Democrats have said "extreme" demands by Republicans to get a deal done are hindering bipartisan support.\n"It\'s a slow walk," Rep. Patrick McHenry, R-North Carolina, said Tuesday, according to Roll Call. "There\'s a lack of urgency that is problematic, deeply problematic."\nEarlier this month, the White House\'s Council of Economic Advisers warned a debt defaultcould ignite a 45% crash in the stock marketand throw the economy into a deep recession.\nHere\'s what else is happening today:\n• Stocks will be damagedeven if lawmakers reach a debt ceiling deal, said a market veteran.\n• Treasury Department could issue$700 billion in T-bills within weeksof a debt-ceiling deal, draining liquidity from markets.\n• JPMorgan CEO Jamie Dimon warnedcommercial real estate poses risks to US banks.\n• Investors could benefit fromrevamping their 60/40 portfolios, a top Goldman strategist said.\n• Carl Icahn\'s wealth has plungedby $15 billion since a short-seller targeted him, but the activist investor is ready to fight back.\nIn commodities, bonds, and crypto:\n• West Texas Intermediate cruderose 1.2% to trade at $72.91 per barrel.Brent crude,the international benchmark, rose 1.1% to $76.84.\n• Goldpicked up $0.50 to $1,977.50 per ounce.\n• The10-year Treasury yieldfell 1 basis point to 3.70%.\n• Bitcoinmoved up by 1.1% to $27,148.06.\nRead the original article onBusiness Insider', 'Brendan McDermid/Reuters US stocks fell Tuesday as debt-ceiling talks appeared to stall. "It\'s a slow walk," Rep. Patrick McHenry said, according to Roll Call. The Treasury Department is reportedly hunting for ways to conserve cash. US stocks dropped Tuesday with no word yet from the White House or Republicans on whether any more progress has been made on a deal to steer the country away from a potential debt default. The Dow Jones Industrial Average lost ground for a second consecutive day, and the Nasdaq Composite was knocked lower after logging its highest close of the year in the previous session. Investors appeared spooked by the lack of movement from Democrats and Republicans over reaching a deal to raise the $31 trillion debt ceiling. Treasury Secretary Janet Yellen has said the government will run out of cash to pay bills as soon as June 1. Looking for ways to conserve cash, the Treasury Department has asked government agencies whether they can make upcoming payments at a later date, the Washington Post reported , citing unnamed sources. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday: S&P 500 : 4,145.58, down 1.12% Dow Jones Industrial Average : 33,055.51, down 0.69% (231.07 points) Nasdaq Composite : 12,560.25, down 1.26% Republican negotiators said Tuesday that no progress had been made in bridging differences with White House negotiators, according to Roll Call . Meanwhile, congressional Democrats have said "extreme" demands by Republicans to get a deal done are hindering bipartisan support. "It\'s a slow walk," Rep. Patrick McHenry, R-North Carolina, said Tuesday, according to Roll Call. "There\'s a lack of urgency that is problematic, deeply problematic." Earlier this month, the White House\'s Council of Economic Advisers warned a debt default could ignite a 45% crash in the stock market and throw the economy into a deep recession. Here\'s what else is happening today: Stocks will be damaged even if lawmakers reach a debt ceiling deal, said a market veteran. Treasury Department could issue $700 billion in T-bills within weeks of a debt-ceiling deal, draining liquidity from markets. JPMorgan CEO Jamie Dimon warned commercial real estate poses risks to US banks. Investors could benefit from revamping their 60/40 portfolios , a top Goldman strategist said. Carl Icahn\'s wealth has plunged by $15 billion since a short-seller targeted him, but the activist investor is ready to fight back. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude rose 1.2% to trade at $72.91 per barrel. Brent crude, the international benchmark, rose 1.1% to $76.84. Gold picked up $0.50 to $1,977.50 per ounce. The 10-year Treasury yield fell 1 basis point to 3.70%. Bitcoin moved up by 1.1% to $27,148.06. Read the original article on Business Insider', 'Cameron Winklevoss and Tyler Winklevoss - Alli Harvey/Getty Images for Spotify The billionaire Winklevoss twins who sued Mark Zuckerberg over the creation of Facebook are considering a UK base for their cryptocurrency giant, decrying a \x93hostile\x94 climate in the US . Cameron and Tyler Winklevoss said that they were thinking about setting up a \x93second headquarters\x94 for the crypto exchange Gemini in London. The brothers this week met officials at the Financial Conduct Authority (FCA) and Bank of England as they scout locations to focus Gemini\x92s investment. US cryptocurrency companies are complaining of an increasingly difficult regulatory environment following the collapse of FTX, the bankrupt exchange run by Sam Bankman-Fried . FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court - Michael M. Santiago/Getty Images \x93There are so many headwinds right now in the US it\x92s hard to get anything done there. And so in order to keep building our business and invest in hiring, we have to look elsewhere,\x94 said Cameron Winklevoss. \x93And the UK is a great market to consider that. There\x92s a point in the future where we have a larger headcount outside of the US than in the US, and there\x92s probably a jurisdiction or country that ... maybe is larger than the US. \x93Whether you want to call that a second headquarters or global headquarters, we very much are lookin Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,751,286,731 - Hash Rate: 347301203.81571233 - Transaction Count: 405521.0 - Unique Addresses: 617027.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Traders work the floor of the New York Stock Exchange during morning trading on May 05, 2022 in New York City. Michael M. Santiago/Getty US stocks fell on Thursday after weekly jobless claims jumped to the highest level since October 2021. Initial jobless claims jumped by 22,000 to 264,000, which was ahead of estimates for 245,000. PacWest Bancorp plunged more than 20% after the bank said its deposit base fell by nearly 10% last week. US stocks edged lower on Thursday after weekly jobless claims surged by 22,000 to 264,000, representing the highest level since October 2021. The high jobless claims number came in ahead of economists estimates for 245,000, and it continues a recent trend of the unemployment claims ticking higher as more companies reduce their headcount and slowdown their hiring efforts. Banking fears were renewed after PacWest Bancorp said its deposit base shrunk by nearly 10% last week after a report said it was considering a sale. The troubled bank stock plunged by more than 20% and helped drag down the Regional Banking sector ETF by 2%. Stocks also dipped despite further signs inflation is coming down. The April Producer Price Index rose just 0.2%, below expectations for a 0.3% rise. The PPI index fell to 2.3% year-over-year in April. That follows Wednesday's reading of the Consumer Price Index, which showed prices rose 4.9% last month, lower than economists' estimates. Investors remain focused on earnings results after Disney reported a decline in streaming subscriptions to its Disney+ platform. The stock fell about 6%. So far 90% of S&P 500 companies have reported first-quarter earnings so far, with 77% of those companies beating profit estimates by a median of 8%. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Thursday: S&P 500 : 4,123.36, down 0.35% Dow Jones Industrial Average : 33,287.03, down 0.73% (244.30 points) Nasdaq Composite : 12,284.70, down 0.18% Here's what else is happening this morning: Egg prices have declined by 32% since their January peak, which has helped limit the rise of inflation in recent months. Top economist David Rosenberg said Microsoft's decision to not raise salaries for its full-time employees signaled that US inflation should continue to fall. Bitcoin has slumped nearly 10% over the past month, putting the 2023 crypto rally in jeopardy after a strong start to the year. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 1.65% to $71.36 per barrel. Brent crude , oil's international benchmark, dropped 1.58% to $75.20. Gold rose 0.12% to $2,039.60 per ounce. The yield on the 10-year Treasury fell 6 basis point to 3.37%. Bitcoin dropped 0.97% to $27,359, while ether fell 1.44% to $1,816. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties. Insights: In an interview with CoinDesk, Market maker Flowdesk\'s CEO sees opportunity in the U.S. Prices CoinDesk Market Index (CMI) 1,145 −32.2 ▼ 2.7% Bitcoin (BTC) $26,362 −856.1 ▼ 3.1% Ethereum (ETH) $1,805 −48.8 ▼ 2.6% S&P 500 4,115.24 −30.3 ▼ 0.7% Gold $1,961 −11.3 ▼ 0.6% Nikkei 225 30,682.68 −275.1 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,145 −32.2 ▼ 2.7% Bitcoin (BTC) $26,362 −856.1 ▼ 3.1% Ethereum (ETH) $1,805 −48.8 ▼ 2.6% S&P 500 4,115.24 −30.3 ▼ 0.7% Gold $1,961 −11.3 ▼ 0.6% Nikkei 225 30,682.68 −275.1 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Down Day for Bitcoin As the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days. Bitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise. "Bitcoin remains rangebound and should continue to consolidate near the lower boundaries of its downward sloping trading range, with the $25,000 level providing massive support," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. Ether was recently changing hands at about $1,800, down 2.8% from Tuesday at the same time. Other major cryptos were mostly in the red, with popular memecoins DOGE and SHIB recently falling about 3% and 4%, respectively. The CoinDesk Market Index , a measure of cypto markets performance, was down 3%. Story continues Moya wrote that "bitcoin is under pressure as the risk of a U.S. default grows," and the U.S. central bank faces the prospect of continuing its monetary tightening. "Bitcoin is going to be very sensitive to surging Treasury yields as too many crypto/blockchain companies will struggle with financing," he wrote. "It is hard enough to find a bank that will deal in cryptos, let alone take out loans for long-term projects." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −5.8% Smart Contract Platform Decentraland MANA −4.8% Entertainment Shiba Inu SHIB −4.5% Currency Insights Market Maker Flowdesk Aims for U.S. Expansion It’s tough to find someone that’s bullish on the U.S. crypto market. Some of the most recognizable names in the industry are bearish, citing a lack of regulatory clarity, like Coinbase CEO Brian Armstrong . Coinbase has threatened to move offshore if regulatory clarity isn’t established soon. And its sentiment is shared by many – plenty of crypto venture capitalists prefer to invest in places like Singapore. But Guilhem Chaumont, CEO of market maker and liquidity provider Flowdesk, sees things differently. In an interview with CoinDesk, Chaumont says he views the U.S. as a central hub for the crypto market and believes his company can thrive there due to its commitment to compliance and regulatory requirements – as onerous and unclear as they might be – from day one. Chaumont told CoinDesk that his company had just opened a New York office, which it wants to expand. The sophistication and size of the U.S. capital markets is a worthwhile trade-off for having to deal with its regulatory regime, he argues. He said that there’s an inevitable convergence of crypto and traditional finance (TradFi) regulations, which he views positively. He also notes the potential for a talent bridge between the sectors. "Crypto is not going to happen without regulation. And if that means that regulation needs to be TradFi levels, we are on this side, as we prefer to have this than having no regulation basically," he said. Hong Kong, for example, heavily emphasized the TradFi experience when it recently released the first draft of its crypto licensure framework. “The convergence of these two regulatory frameworks is a positive sign for us. Because it will allow for a massive bridge of talent to come into crypto," Chaumont said. In an ideal world, Chaumont says, there would be purpose-built regulation for crypto, but sometimes a compromise is necessary. After all, the future of crypto trading involves more and more regulated assets. “There was a hope, which I shared, that we could reinvent everything from scratch and take the best of both worlds to devise new regulation that is simpler than that of TradFi and lacks its costly complexity,” he said. “What we\'re seeing is that this hope is slowly fading away, and crypto regulation is basically converging with TradFi.” Which, for Flowdesk, isn’t a bad thing. Important events. The Future of Money, Governance & The Law (Washington D.C.) 8:30 p.m. HKT/SGT(12:30 UTC) United States Gross Domestic Product Annualized (Q1) 7:30 a.m. HKT/SGT(23:30 UTC) Tokyo Consumer Price Index (YoY/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ledger CEO on Key Recovery Rollout Delay; Bitcoin Poised to Post First Losing Month of 2023 Following scrutiny from the crypto community, hardware wallet provider Ledger said it will delay releasing a key recovery feature. Ledger CEO and Chairman Pascal Gauthier joined "First Mover" to discuss why the firm won’t introduce the new feature before releasing the code for it. Separately, Prometheum Inc. founder and co-CEO Aaron Kaplan discussed the SEC-friendly crypto path that the firm has found with the U.S. regulator. And, "The Crypto Trader" author Glen Goodman shared his markets analysis, as bitcoin (BTC) is on track to post its first losing month of 2023. Headlines Crypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet : Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago. Fantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool : Multichain’s current upgrade is taking longer than expected, causing delays in their transactions. 0x Releases Latest Version of DEX Aggregator Matcha : The newest iteration is focused on enhancing the trading experience for users. Ava Labs Launches \'No-Code\' Web3 Launchpad AvaCloud : Ava Labs says that the tool will allow companies to bring Web3 products to market faster, cheaper and with lower risk. Non-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners : Miners will be scored based on their use of clean energy and grid impact.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties.\nInsights:In an interview with CoinDesk, Market maker Flowdesk\'s CEO sees opportunity in the U.S.\nCoinDesk Market Index (CMI)\n1,145\n−32.2▼2.7%\nBitcoin (BTC)\n$26,362\n−856.1▼3.1%\nEthereum (ETH)\n$1,805\n−48.8▼2.6%\nS&P 500\n4,115.24\n−30.3▼0.7%\nGold\n$1,961\n−11.3▼0.6%\nNikkei 225\n30,682.68\n−275.1▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,145", "\\u221232.2\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,362", "\\u2212856.1\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,805", "\\u221248.8\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,115.24", "\\u221230.3\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221211.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,682.68", "\\u2212275.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Down Day for Bitcoin\nAs the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days.\nBitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise.\n"Bitcoin remains rangebound and should continue to consolidate near the lower boundaries of its downward sloping trading range, with the $25,000 level providing massive support," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email.\nEther was recently changing hands at about $1,800, down 2.8% from Tuesday at the same time. Other major cryptos were mostly in the red, with popular memecoins DOGE and SHIB recently falling about 3% and 4%, respectively. TheCoinDesk Market Index, a measure of cypto markets performance, was down 3%.\nMoya wrote that "bitcoin is under pressure as the risk of a U.S. default grows," and the U.S. central bank faces the prospect of continuing its monetary tightening.\n"Bitcoin is going to be very sensitive to surging Treasury yields as too many crypto/blockchain companies will struggle with financing," he wrote. "It is hard enough to find a bank that will deal in cryptos, let alone take out loans for long-term projects."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.8%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.5%", "DACS Sector": "Currency"}]\nMarket Maker Flowdesk Aims for U.S. Expansion\nIt’s tough to find someone that’s bullish on the U.S. crypto market. Some of the most recognizable names in the industry are bearish, citing a lack of regulatory clarity,like Coinbase CEO Brian Armstrong.\nCoinbase has threatened to move offshore if regulatory clarity isn’t established soon. And its sentiment is shared by many – plenty of crypto venture capitalists prefer to invest in places like Singapore.\nBut Guilhem Chaumont, CEO of market maker and liquidity provider Flowdesk, sees things differently.\nIn an interview with CoinDesk, Chaumont says he views the U.S. as a central hub for the crypto market and believes his company can thrive there due to its commitment to compliance and regulatory requirements – as onerous and unclear as they might be – from day one.\nChaumont told CoinDesk that his company had just opened a New York office, which it wants to expand.\nThe sophistication and size of the U.S. capital markets is a worthwhile trade-off for having to deal with its regulatory regime, he argues.\nHe said that there’s an inevitable convergence of crypto and traditional finance (TradFi) regulations, which he views positively. He also notes the potential for a talent bridge between the sectors.\n"Crypto is not going to happen without regulation. And if that means that regulation needs to be TradFi levels, we are on this side, as we prefer to have this than having no regulation basically," he said.\nHong Kong, for example, heavilyemphasized the TradFi experiencewhen it recently released the first draft of its crypto licensure framework.\n“The convergence of these two regulatory frameworks is a positive sign for us. Because it will allow for a massive bridge of talent to come into crypto," Chaumont said.\nIn an ideal world, Chaumont says, there would be purpose-built regulation for crypto, but sometimes a compromise is necessary. After all, the future of crypto trading involves more and more regulated assets.\n“There was a hope, which I shared, that we could reinvent everything from scratch and take the best of both worlds to devise new regulation that is simpler than that of TradFi and lacks its costly complexity,” he said. “What we\'re seeing is that this hope is slowly fading away, and crypto regulation is basically converging with TradFi.”\nWhich, for Flowdesk, isn’t a bad thing.\nThe Future of Money, Governance & The Law (Washington D.C.)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Gross Domestic Product Annualized (Q1)\n7:30 a.m. HKT/SGT(23:30 UTC)Tokyo Consumer Price Index (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nLedger CEO on Key Recovery Rollout Delay; Bitcoin Poised to Post First Losing Month of 2023\nFollowing scrutiny from the crypto community, hardware wallet provider Ledger said it will delay releasing a key recovery feature. Ledger CEO and Chairman Pascal Gauthier joined "First Mover" to discuss why the firm won’t introduce the new feature before releasing the code for it. Separately, Prometheum Inc. founder and co-CEO Aaron Kaplan discussed the SEC-friendly crypto path that the firm has found with the U.S. regulator. And, "The Crypto Trader" author Glen Goodman shared his markets analysis, as bitcoin (BTC) is on track to post its first losing month of 2023.\nCrypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet:Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.\nFantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool:Multichain’s current upgrade is taking longer than expected, causing delays in their transactions.\n0x Releases Latest Version of DEX Aggregator Matcha:The newest iteration is focused on enhancing the trading experience for users.\nAva Labs Launches \'No-Code\' Web3 Launchpad AvaCloud:Ava Labs says that the tool will allow companies to bring Web3 products to market faster, cheaper and with lower risk.\nNon-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners:Miners will be scored based on their use of clean energy and grid impact.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties.\nInsights:In an interview with CoinDesk, Market maker Flowdesk\'s CEO sees opportunity in the U.S.\nCoinDesk Market Index (CMI)\n1,145\n−32.2▼2.7%\nBitcoin (BTC)\n$26,362\n−856.1▼3.1%\nEthereum (ETH)\n$1,805\n−48.8▼2.6%\nS&P 500\n4,115.24\n−30.3▼0.7%\nGold\n$1,961\n−11.3▼0.6%\nNikkei 225\n30,682.68\n−275.1▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,145", "\\u221232.2\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,362", "\\u2212856.1\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,805", "\\u221248.8\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,115.24", "\\u221230.3\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,961", "\\u221211.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,682.68", "\\u2212275.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Down Day for Bitcoin\nAs the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days.\nBitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise.\n"Bitcoin remains rangebound and should continue to consolidate near the lower boundaries of its downward sloping trading range, with the $25,000 level providing massive support," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email.\nEther was recently changing hands at about $1,800, down 2.8% from Tuesday at the same time. Other major cryptos were mostly in the red, with popular memecoins DOGE and SHIB recently falling about 3% and 4%, respectively. TheCoinDesk Market Index, a measure of cypto markets performance, was down 3%.\nMoya wrote that "bitcoin is under pressure as the risk of a U.S. default grows," and the U.S. central bank faces the prospect of continuing its monetary tightening.\n"Bitcoin is going to be very sensitive to surging Treasury yields as too many crypto/blockchain companies will struggle with financing," he wrote. "It is hard enough to find a bank that will deal in cryptos, let alone take out loans for long-term projects."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.8%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.5%", "DACS Sector": "Currency"}]\nMarket Maker Flowdesk Aims for U.S. Expansion\nIt’s tough to find someone that’s bullish on the U.S. crypto market. Some of the most recognizable names in the industry are bearish, citing a lack of regulatory clarity,like Coinbase CEO Brian Armstrong.\nCoinbase has threatened to move offshore if regulatory clarity isn’t established soon. And its sentiment is shared by many – plenty of crypto venture capitalists prefer to invest in places like Singapore.\nBut Guilhem Chaumont, CEO of market maker and liquidity provider Flowdesk, sees things differently.\nIn an interview with CoinDesk, Chaumont says he views the U.S. as a central hub for the crypto market and believes his company can thrive there due to its commitment to compliance and regulatory requirements – as onerous and unclear as they might be – from day one.\nChaumont told CoinDesk that his company had just opened a New York office, which it wants to expand.\nThe sophistication and size of the U.S. capital markets is a worthwhile trade-off for having to deal with its regulatory regime, he argues.\nHe said that there’s an inevitable convergence of crypto and traditional finance (TradFi) regulations, which he views positively. He also notes the potential for a talent bridge between the sectors.\n"Crypto is not going to happen without regulation. And if that means that regulation needs to be TradFi levels, we are on this side, as we prefer to have this than having no regulation basically," he said.\nHong Kong, for example, heavilyemphasized the TradFi experiencewhen it recently released the first draft of its crypto licensure framework.\n“The convergence of these two regulatory frameworks is a positive sign for us. Because it will allow for a massive bridge of talent to come into crypto," Chaumont said.\nIn an ideal world, Chaumont says, there would be purpose-built regulation for crypto, but sometimes a compromise is necessary. After all, the future of crypto trading involves more and more regulated assets.\n“There was a hope, which I shared, that we could reinvent everything from scratch and take the best of both worlds to devise new regulation that is simpler than that of TradFi and lacks its costly complexity,” he said. “What we\'re seeing is that this hope is slowly fading away, and crypto regulation is basically converging with TradFi.”\nWhich, for Flowdesk, isn’t a bad thing.\nThe Future of Money, Governance & The Law (Washington D.C.)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Gross Domestic Product Annualized (Q1)\n7:30 a.m. HKT/SGT(23:30 UTC)Tokyo Consumer Price Index (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nLedger CEO on Key Recovery Rollout Delay; Bitcoin Poised to Post First Losing Month of 2023\nFollowing scrutiny from the crypto community, hardware wallet provider Ledger said it will delay releasing a key recovery feature. Ledger CEO and Chairman Pascal Gauthier joined "First Mover" to discuss why the firm won’t introduce the new feature before releasing the code for it. Separately, Prometheum Inc. founder and co-CEO Aaron Kaplan discussed the SEC-friendly crypto path that the firm has found with the U.S. regulator. And, "The Crypto Trader" author Glen Goodman shared his markets analysis, as bitcoin (BTC) is on track to post its first losing month of 2023.\nCrypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet:Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.\nFantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool:Multichain’s current upgrade is taking longer than expected, causing delays in their transactions.\n0x Releases Latest Version of DEX Aggregator Matcha:The newest iteration is focused on enhancing the trading experience for users.\nAva Labs Launches \'No-Code\' Web3 Launchpad AvaCloud:Ava Labs says that the tool will allow companies to bring Web3 products to market faster, cheaper and with lower risk.\nNon-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners:Miners will be scored based on their use of clean energy and grid impact.', "Florida Gov. Ron DeSantis’ presidential announcement came in a very fitting style for a Republican who has won the hearts and minds of the conservative media and influencer classes: on their favorite platform, with their favorite billionaire. DeSantis, who filed paperwork to run for president on Wednesday afternoon, ultimately made the announcement ― delayed for 26 minutes by technical difficulties ― on Wednesday night on Twitter alongside Elon Musk, who is increasingly known as much for interacting with far-right commentators spreading misinformation as he is for revolutionizing commercial space travel and electric cars. The resulting disaster, mocked by his political opponents in both parties , served as a helpful reminder of the risk of DeSantis’ strategy of going all in on an alignment with those commentators, several of whom ― including Musk friend and venture capitalist David Sacks and conservative education activist Christopher Rufo ― spoke during the event, but rarely about the issues at the center of most Americans’ minds. DeSantis’ plan for winning the nomination over the party’s front-runner, former President Donald Trump, involves tempting those same commentators with their favorite red meat issues: attacking transgender rights, the failures of the corporate media, the superiority of Bitcoin, owning the libs, relitigating how DeSantis’ management of COVID was superior to that of other governors — Florida’s 18th-highest per capita death rate in the country be damned — and cracking down on immigration. From that perspective, DeSantis played the hits on Wednesday night. Much of the event was dedicated to celebrating his decision to bypass the “corporate media” and instead promote himself on a platform owned by the world’s second-richest man. The governor attacked Joe Biden as “controlled by the woke mob” and said the president was suffering from the “woke mind virus.” DeSantis said he was protecting children from “sex toys.” The assembled right-wing commentariat loved all of it. Story continues “We need a cool-headed, ruthless assassin to go in and take on our woke government,” Sacks said at one point, praising DeSantis. The problem? As Democrats found during the 2020 presidential contest, what thrills the online chattering classes does not necessarily translate into votes. (In modern political lingo, “online” has come to mean more in touch with the concerns of professional activists than the average voter. It’s a flawed shorthand ― who isn’t online these days? ― but we’re rolling with it.) Biden, 80, is famously offline. While his inner circle’s purported disdain for Twitter has been occasionally overstated — Ron Klain, Biden’s first chief of staff, has sent out nearly 70,000 messages on the platform — it has generally been unafraid to buck the desires of progressive activists who can shape debate on the platform. The Republican Party, shaped by a decades-long conservative movement, is far more ideologically coherent than Democrats are, so it’s less likely that chasing the whims of right-wing influencers will lead a candidate to fall flat in a GOP primary. A focus on culture war topics could, however, easily backfire in the general election. DeSantis only needs to look to his own 2022 reelection campaign, where he smoked former Gov. Charlie Crist by 20 percentage points, to see how winning campaigns don’t usually focus on bashing Disney. A memo from Third Way , a centrist Democratic group, noted DeSantis’ actual campaign advertisements focused on comparatively “normie” issues: keeping schools open during COVID, raising teacher pay, battling crime and combating inflation. GOP gubernatorial candidates in Michigan and Kansas who did run ads about transgender issues lost. The danger for DeSantis, then, is that months of courting the online right could backfire if he heads into a general election against Biden, who is free to spend the next 18 months emphasizing his most popular stances on the most salient issues for a general electorate. “It will be very hard to run the kind of general election campaign he ran in Florida after beating up on Disney and trans kids,” said Lanae Erickson, a senior vice president at Third Way. Another Democratic report , based on focus groups and polling with voters in small cities through the Midwest ― the places where Biden won back just enough white working-class voters to win the presidency in 2020 ― found the GOP’s culture war message, focused on the “woke agenda,” was less effective than a straight-forward economic one. “Our strongest Democratic message on the economy beats the Republican culture war message easily,” Democratic strategist Mike Lux wrote, summarizing the report in February. “The Republican economic message is a bigger threat to us. Our strongest Democratic message on the economy beats the Republican culture war message easily. The Republican economic message is a bigger threat to us.” DeSantis did present some messages on front-and-center issues. He attacked Federal Reserve Chair Jerome Powell’s handling of inflation, which serves to attack both Trump and Biden. (Trump appointed Powell and Biden reappointed.) He also criticized Biden’s handling of the southern U.S. border, a clear weak point for the president in public polling. More broadly, the announcement ― as glitchy as it was ― has clear benefits for both DeSantis and Musk. Musk can flex his clout as a wannabe influencer and the leader of a massive — but declining in mainstream influence and very buggy — social media platform. DeSantis can enter the 2024 presidential race as the candidate best positioned to fight the libs online. It was clear Twitter Spaces was a far-from-ideal launching pad even before the event repeatedly crashed.It’s a rarely used subservice of a platform only 1 in 5 Americans use to begin with, it’s audio-only and famously buggy. While DeSantis released a traditional campaign launch video at the same time, he’s reportedly skipping the traditional hometown rally presidential candidates have launched with for generations. But Twitter Spaces is used by right-wing influencers, and DeSantis has tried to woo a team of surrogates to sing his praises and fight his battles online. In January, DeSantis wined and dined a gaggle of conservative influencers at the governor’s mansion in Tallahassee. Afterward, Dave Rubin, a TV host and YouTuber who had just moved from California to Florida, tweeted to his million Twitter followers: “I’m no longer an enemy of the state … Florida is the future.” DeSantis’ Twitter launch boosts his online cred as well as spares him from things he famously doesn’t like to do, like speaking with a live journalist (Trump’s campaign swiped after news of the launch leaked that it saves DeSantis from having to do much interacting with anyone ). Plus, he’ll have an established audience of blue checks ready to watch and comment, courtesy of Musk. The symbolism of DeSantis using Twitter as the vehicle for his launch isn’t lost on anyone. The site used to be synonymous with Trump, whose own followers eventually started to find his tirades exhausting and reckless. The site booted him after he used it to help egg on the Jan. 6, 2021, riot at the Capitol. Trump has since launched his own social media site, Truth Social, a near rip-off of Twitter where Trump’s shares “truths” instead of tweets to a vastly smaller audience. Musk has invited Trump back to Twitter, but it’s not clear when the invitation will be accepted, if ever. Related... 'Melting The Servers!' DeSantis Tried To Launch His Campaign On Twitter. It Did Not Go Well. Biden Capitalizes on DeSantis' Glitchy Presidential Announcement Ron DeSantis Finally Makes His 2024 Presidential Campaign Official", "Florida Gov. Ron DeSantis’ presidential announcement came in a very fitting style for a Republican who has won the hearts and minds of the conservative media and influencer classes: on their favorite platform, with their favorite billionaire. DeSantis, who filed paperwork to run for president on Wednesday afternoon, ultimately made the announcement ― delayed for 26 minutes by technical difficulties ― on Wednesday night on Twitter alongside Elon Musk, who is increasingly known as much for interacting with far-right commentators spreading misinformation as he is for revolutionizing commercial space travel and electric cars. The resulting disaster, mocked by his political opponents in both parties , served as a helpful reminder of the risk of DeSantis’ strategy of going all in on an alignment with those commentators, several of whom ― including Musk friend and venture capitalist David Sacks and conservative education activist Christopher Rufo ― spoke during the event, but rarely about the issues at the center of most Americans’ minds. DeSantis’ plan for winning the nomination over the party’s front-runner, former President Donald Trump, involves tempting those same commentators with their favorite red meat issues: attacking transgender rights, the failures of the corporate media, the superiority of Bitcoin, owning the libs, relitigating how DeSantis’ management of COVID was superior to that of other governors — Florida’s 18th-highest per capita death rate in the country be damned — and cracking down on immigration. From that perspective, DeSantis played the hits on Wednesday night. Much of the event was dedicated to celebrating his decision to bypass the “corporate media” and instead promote himself on a platform owned by the world’s second-richest man. The governor attacked Joe Biden as “controlled by the woke mob” and said the president was suffering from the “woke mind virus.” DeSantis said he was protecting children from “sex toys.” The assembled right-wing commentariat loved all of it. Story continues “We need a cool-headed, ruthless assassin to go in and take on our woke government,” Sacks said at one point, praising DeSantis. The problem? As Democrats found during the 2020 presidential contest, what thrills the online chattering classes does not necessarily translate into votes. (In modern political lingo, “online” has come to mean more in touch with the concerns of professional activists than the average voter. It’s a flawed shorthand ― who isn’t online these days? ― but we’re rolling with it.) Biden, 80, is famously offline. While his inner circle’s purported disdain for Twitter has been occasionally overstated — Ron Klain, Biden’s first chief of staff, has sent out nearly 70,000 messages on the platform — it has generally been unafraid to buck the desires of progressive activists who can shape debate on the platform. The Republican Party, shaped by a decades-long conservative movement, is far more ideologically coherent than Democrats are, so it’s less likely that chasing the whims of right-wing influencers will lead a candidate to fall flat in a GOP primary. A focus on culture war topics could, however, easily backfire in the general election. DeSantis only needs to look to his own 2022 reelection campaign, where he smoked former Gov. Charlie Crist by 20 percentage points, to see how winning campaigns don’t usually focus on bashing Disney. A memo from Third Way , a centrist Democratic group, noted DeSantis’ actual campaign advertisements focused on comparatively “normie” issues: keeping schools open during COVID, raising teacher pay, battling crime and combating inflation. GOP gubernatorial candidates in Michigan and Kansas who did run ads about transgender issues lost. The danger for DeSantis, then, is that months of courting the online right could backfire if he heads into a general election against Biden, who is free to spend the next 18 months emphasizing his most popular stances on the most salient issues for a general electorate. “It will be very hard to run the kind of general election campaign he ran in Florida after beating up on Disney and trans kids,” said Lanae Erickson, a senior vice president at Third Way. Another Democratic report , based on focus groups and polling with voters in small cities through the Midwest ― the places where Biden won back just enough white working-class voters to win the presidency in 2020 ― found the GOP’s culture war message, focused on the “woke agenda,” was less effective than a straight-forward economic one. “Our strongest Democratic message on the economy beats the Republican culture war message easily,” Democratic strategist Mike Lux wrote, summarizing the report in February. “The Republican economic message is a bigger threat to us. Our strongest Democratic message on the economy beats the Republican culture war message easily. The Republican economic message is a bigger threat to us.” DeSantis did present some messages on front-and-center issues. He attacked Federal Reserve Chair Jerome Powell’s handling of inflation, which serves to attack both Trump and Biden. (Trump appointed Powell and Biden reappointed.) He also criticized Biden’s handling of the southern U.S. border, a clear weak point for the president in public polling. More broadly, the announcement ― as glitchy as it was ― has clear benefits for both DeSantis and Musk. Musk can flex his clout as a wannabe influencer and the leader of a massive — but declining in mainstream influence and very buggy — social media platform. DeSantis can enter the 2024 presidential race as the candidate best positioned to fight the libs online. It was clear Twitter Spaces was a far-from-ideal launching pad even before the event repeatedly crashed.It’s a rarely used subservice of a platform only 1 in 5 Americans use to begin with, it’s audio-only and famously buggy. While DeSantis released a traditional campaign launch video at the same time, he’s reportedly skipping the traditional hometown rally presidential candidates have launched with for generations. But Twitter Spaces is used by right-wing influencers, and DeSantis has tried to woo a team of surrogates to sing his praises and fight his battles online. In January, DeSantis wined and dined a gaggle of conservative influencers at the governor’s mansion in Tallahassee. Afterward, Dave Rubin, a TV host and YouTuber who had just moved from California to Florida, tweeted to his million Twitter followers: “I’m no longer an enemy of the state … Florida is the future.” DeSantis’ Twitter launch boosts his online cred as well as spares him from things he famously doesn’t like to do, like speaking with a live journalist (Trump’s campaign swiped after news of the launch leaked that it saves DeSantis from having to do much interacting with anyone ). Plus, he’ll have an established audience of blue checks ready to watch and comment, courtesy of Musk. The symbolism of DeSantis using Twitter as the vehicle for his launch isn’t lost on anyone. The site used to be synonymous with Trump, whose own followers eventually started to find his tirades exhausting and reckless. The site booted him after he used it to help egg on the Jan. 6, 2021, riot at the Capitol. Trump has since launched his own social media site, Truth Social, a near rip-off of Twitter where Trump’s shares “truths” instead of tweets to a vastly smaller audience. Musk has invited Trump back to Twitter, but it’s not clear when the invitation will be accepted, if ever. Related... 'Melting The Servers!' DeSantis Tried To Launch His Campaign On Twitter. It Did Not Go Well. Biden Capitalizes on DeSantis' Glitchy Presidential Announcement Ron DeSantis Finally Makes His 2024 Presidential Campaign Official", "Multi-chain NFT marketplace Magic Eden is putting more focus on its original home on Solana , and today the firm announced a “Chapter II” initiative that will see Magic Eden further open its platform in various ways—and even give traders free SOL for buying and selling NFTs. Magic Eden has started aggregating listings from competing marketplaces, giving traders a single destination to manage listings across platforms and see prices and listings across the entire Solana NFT market. T he startup—which was valued at $1.6 billion as of June 2022—said that it will also open-source its marketplace smart contract in the coming days. Furthermore, the company will also remove a “co-sign” feature that prevented its own marketplace listings from being easily aggregated by other NFT marketplaces. 2/ On aggregation: Users can now see & buy listings across marketplaces on Magic Eden. On Magic Eden, it's now easier than ever to ✅ Manage and update ALL your listings ✅ See true, up-to-date floor price & collection stats More on aggregation here: https://t.co/o3wVSU9a8i pic.twitter.com/RXQrh2puja — Magic Eden 🪄 (@MagicEden) May 24, 2023 These moves address long-standing criticisms of Magic Eden, which has consistently been the leading Solana NFT marketplace since launching in late 2021. Rival platforms and other Solana builders have taken Magic Eden to task for using closed-source code and for limiting composability opportunities across platforms. However, it’s still unclear whether Magic Eden will still use an escrow contract that takes custody of users’ listed NFTs—a leading critique of Magic Eden’s marketplace model that has previously been called out by rivals as a potential security threat. Decrypt asked a Magic Eden representative for clarification, but did not immediately hear back. As part of the relaunch, Magic Eden will temporarily change its “maker fee” to -0.25% for certain types of transactions. In other words, Magic Eden will pay you to buy and sell NFTs. If you list an NFT for 100 SOL, Magic Eden wrote as an example, then you’d ultimately get 100.25 SOL if it sells. Similarly, if you make a collection offer on a certain Solana NFT project and it’s fulfilled, then you’ll effectively get a 0.25% rebate on the purchase price. Users can also earn fees for operating automated market maker (AMM) NFT trading pools on Magic Eden. Story continues Tensor Snatched Magic Eden’s Solana NFT Crown. But for How Long? Magic Eden’s moves come amid the rise of a surging rival called Tensor , which has taken a leading share of Solana NFT market share at certain points over the last few weeks. Tensor offers a rewards model akin to Blur, the leading Ethereum NFT marketplace. Market data from Tiexo shows Magic Eden with a lead over the last week, with nearly 44% of trading volume compared to about 40% for Tensor. Over the past day, however, Magic Eden takes a heavier share at 51% of the Solana NFT market compared to about 35% for Tensor. Amid the market shake-up, Tensor developers criticized Magic Eden for its co-sign requirement, renewing arguments that some rivals made last year when Magic Eden was dominant. Although Magic Eden expanded to other chains like Ethereum , Polygon , and Bitcoin over the past several months, the firm said recently that it would return its primary focus to Solana . View comments", 'Multi-chainNFTmarketplaceMagic Edenis putting more focus on its original home onSolana, and today the firm announced a“Chapter II” initiativethat will see Magic Eden further open its platform in various ways—and even give traders free SOL for buying and selling NFTs.\nMagic Eden has started aggregating listings from competing marketplaces, giving traders a single destination to manage listings across platforms and see prices and listings across the entire Solana NFT market. The startup—which wasvalued at $1.6 billionas of June 2022—said that it will also open-source its marketplace smart contract in the coming days.\nFurthermore, the company will also remove a “co-sign” feature that prevented its own marketplace listings from being easily aggregated by other NFT marketplaces.\nThese movesaddress long-standing criticismsof Magic Eden, which has consistently been the leading Solana NFT marketplace since launching in late 2021. Rival platforms and other Solana builders have taken Magic Eden to task forusing closed-source codeand for limiting composability opportunities across platforms.\nHowever, it’s still unclear whether Magic Eden will still use an escrow contract that takes custody of users’ listed NFTs—a leading critique of Magic Eden’s marketplace model that has previously been called out by rivals as a potential security threat.Decryptasked a Magic Eden representative for clarification, but did not immediately hear back.\nAs part of the relaunch, Magic Eden will temporarily change its “maker fee” to -0.25% for certain types of transactions. In other words, Magic Eden will pay you to buy and sell NFTs.\nIf you list an NFT for 100 SOL, Magic Eden wrote as an example, then you’d ultimately get 100.25 SOL if it sells. Similarly, if you make a collection offer on a certain Solana NFT project and it’s fulfilled, then you’ll effectively get a 0.25% rebate on the purchase price. Users can also earn fees for operating automated market maker (AMM) NFT trading pools on Magic Eden.\nTensor Snatched Magic Eden’s Solana NFT Crown. But for How Long?\nMagic Eden’s moves come amid the rise ofa surging rival called Tensor, which has taken a leading share of Solana NFT market share at certain points over the last few weeks. Tensoroffers a rewards modelakin to Blur, the leadingEthereumNFT marketplace.\nMarket data fromTiexoshows Magic Eden with a lead over the last week, with nearly 44% of trading volume compared to about 40% for Tensor. Over the past day, however, Magic Eden takes a heavier share at 51% of the Solana NFT market compared to about 35% for Tensor.\nAmid the market shake-up, Tensor developers criticized Magic Eden for its co-sign requirement, renewing arguments that some rivals made last year when Magic Eden was dominant. Although Magic Eden expanded to other chains likeEthereum,Polygon, andBitcoinover the past several months, the firm said recently that it wouldreturn its primary focus to Solana.', "Elon Musk’s heart-to-heart with Republican presidential nominee and Florida Governor Ron DeSantis culminated with a focus on digital assets—touching on Bitcoin and the digital dollar, with a Dogecoin reference thrown in for good measure. The conversation between Musk and DeSantis, which was moderated by entrepreneur David Sacks, didn’t achieve liftoff until more than thirty minutes after its scheduled start time, with hundreds of thousands of Twitter users finding their apps crashing and the audio stream glitching. But the chat eventually got underway, and toward the talk’s tail end, DeSantis leaned into his position as an advocate of crypto’s largest coin. The Florida governor portrayed his support of Bitcoin as a matter of civil liberties, and attempts to restrict crypto by his opponents as government overreach. “You have every right to do Bitcoin,” DeSantis said. “The only reason these people in Washington don’t like it is because they don’t control it.” Ron DeSantis Twitter Spaces Event Experiences 'Rapid Unscheduled Disassembly' As the 2024 election season gets underway, DeSantis’ remarks mirror those of Democratic presidential candidate Robert F. Kennedy Jr, who heralded Bitcoin last week as an example of democracy and anathema to authoritarians. On Wednesday, DeSantis touched on the uptick in regulatory enforcement actions that the digital assets industry has confronted so far this year, accusing the government of trying to purge digital assets to preserve the reign of those in power. “Bitcoin represents a threat to them,” DeSantis said. “They’re trying to regulate it out of existence.” DeSantis pledged that if Congress ever tried to institute a ban on “things like Bitcoin” by passing new legislation, that he would vehemently oppose it. He also said that the current administration could snuff out Bitcoin if Biden is reelected. “The current regime, clearly, they have it out for Bitcoin,” DeSantis said. “And if it continues for another four years, they’ll probably end up killing it.” Story continues Addressing the political conversation’s shift toward a focus on crypto, David Sacks noted there’s a big crypto audience on Twitter. Musk interjected to say there’s one for “Dogecoin too.” DeSantis has incorporated remarks against central bank digital currency into his platform over time, echoing statements made by representatives like Tom Emmer and pursuing a ban against government-backed cryptocurrencies in Florida. Robert F. Kennedy Jr. Wades Further Into Crypto Following Anti-CBDC Remarks Central bank digital currencies (CBDC) are similar to assets like stablecoins that are pegged to the price of a sovereign currency like the greenback. But instead of being issued by private companies on public networks, they are managed by their respective governments or central banks. In the case of the Federal Reserve, Chairman Jerome Powell has said a CBDC would “ ideally ” receive written approval from Congress. But DeSantis said there’s no wiggle room in terms of that, and it won’t happen on his watch. “You must get authorization from Congress,” DeSantis said of a CBDC. “I can tell you, if I’m president, we are not doing a central bank digital currency.” DeSantis underscored his message that a CBDC could be used to curtail purchases deemed politically unfavorable in the eyes of those who control the tech, possibly pushing environmental issues or preventing firearm sales. “I see it as a massive transfer of power from individual consumers to a central authority, and I don’t think that’s good for a free society,” he said. “I’m a ‘no’ on [a] central bank digital currency.”", "Elon Musk’s heart-to-heart with Republican presidential nominee and Florida Governor Ron DeSantis culminated with a focus on digital assets—touching on Bitcoin and the digital dollar, with a Dogecoin reference thrown in for good measure. The conversation between Musk and DeSantis, which was moderated by entrepreneur David Sacks, didn’t achieve liftoff until more than thirty minutes after its scheduled start time, with hundreds of thousands of Twitter users finding their apps crashing and the audio stream glitching. But the chat eventually got underway, and toward the talk’s tail end, DeSantis leaned into his position as an advocate of crypto’s largest coin. The Florida governor portrayed his support of Bitcoin as a matter of civil liberties, and attempts to restrict crypto by his opponents as government overreach. “You have every right to do Bitcoin,” DeSantis said. “The only reason these people in Washington don’t like it is because they don’t control it.” Ron DeSantis Twitter Spaces Event Experiences 'Rapid Unscheduled Disassembly' As the 2024 election season gets underway, DeSantis’ remarks mirror those of Democratic presidential candidate Robert F. Kennedy Jr, who heralded Bitcoin last week as an example of democracy and anathema to authoritarians. On Wednesday, DeSantis touched on the uptick in regulatory enforcement actions that the digital assets industry has confronted so far this year, accusing the government of trying to purge digital assets to preserve the reign of those in power. “Bitcoin represents a threat to them,” DeSantis said. “They’re trying to regulate it out of existence.” DeSantis pledged that if Congress ever tried to institute a ban on “things like Bitcoin” by passing new legislation, that he would vehemently oppose it. He also said that the current administration could snuff out Bitcoin if Biden is reelected. “The current regime, clearly, they have it out for Bitcoin,” DeSantis said. “And if it continues for another four years, they’ll probably end up killing it.” Story continues Addressing the political conversation’s shift toward a focus on crypto, David Sacks noted there’s a big crypto audience on Twitter. Musk interjected to say there’s one for “Dogecoin too.” DeSantis has incorporated remarks against central bank digital currency into his platform over time, echoing statements made by representatives like Tom Emmer and pursuing a ban against government-backed cryptocurrencies in Florida. Robert F. Kennedy Jr. Wades Further Into Cr Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $508,952,067,181 - Hash Rate: 371932494.8664721 - Transaction Count: 460167.0 - Unique Addresses: 689359.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Argo Blockchain (ARB), the only U.K.-listed cryptocurrency miner, slumped to a full-year loss in 2022 as the price of bitcoin (BTC) dropped and mining difficulty increased, driving up costs as revenue fell. The London-based companyreported a net lossof 194.2 million British pounds (US$240 million), or 40.98 pence a share, compared with net income of 30.8 million pounds, or 7.4 pence, the year before, it said in a statement. The bitcoin price slumped more than 60% last year. Miners across the board struggled in 2022 as revenue declined alongside the bitcoin price while energy costs soared and the difficulty of mining a bitcoin block, which is when they are rewarded,soared. While rivals such asCore ScientificandCompute Northfiled for bankruptcy protection, Argo avoided the same fate byagreeing to sell its Helios miningfacility in Dickens Country, Texas, to Galaxy Digital for $65 million. It also negotiated a new $35 million loan from investor Michael Novogratz’s crypto-focused financial-services firm, secured by its mining equipment. Argo's mining margin widened to 45%-50% in the first quarter from 35% in the fourth quarter, while daily bitcoin production rose 5%. Argo said it will now focus on its operations in Quebec, Canada, where it operates two sites totaling 20 megawatts (MW) of power, according to itswebsite. "Having navigated challenging market conditions in both the crypto sector and the global economy in the second half of 2022, Argo has emerged stronger and in a much more solid financial position," interim CEO Seif El-Bakly said in the statement. Peter Wallresignedas CEO almost three months ago. The flagship Helios site didn't have a fixed-rate power agreement, which meant costs rose sharply amid the2022 energy crisis. Argo tried toraise fundsto avoid bankruptcy, then eventually decided to sell the site, which has the potential ofreaching 800 MWof power consumption. The firm ended the year with 2.5 exahash/second of computing power, slightly less than the3.2 EH/s it foresawin August 2022. Argo isone of a handful of companiesthat agreed to buy chipmaking giant Intel's (INTC) bitcoin mining application-specific integrated circuits (ASIC) in February 2022. It isdesigned a mining rig using those chips along with hardware maker ePIC Blockchain. Intel last week said it isdiscontinuingthe product line while ePIC Blockchain is promoting the Intel-based machines on its website to other customers. Argo said it expects to receive 2,870 units of the Intel-based chips early in the third quarter. Shares of the company fell 5% as of mid-morning on the London Stock Exchange. UPDATE (April 28, 9:51 UTC):Adds mining industry background in third paragraph, first-quarter information in fourth, details about Helios, ePIC Blockchain collaboration, Quebec sites.... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] - Thursday, May 25, 2023', 28, '2023-05-25 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/', '13r7acs', [['u/anon-187101', 21, '2023-05-25 07:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jlj2mdo/', '"Crazy stat: $NVDA\'s post-market gain > nearly all of the revenue its generated since the company\'s inception."\n\nHuh, what FOMO?', '13r7acs'], ['u/btcluvr', 27, '2023-05-25 09:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jljabzn/', "it's a no-brainer actually.\n\nno default, debt limit lifted (99% chance) = print baby print, more debt, more trust erosion.\n\ndefault (1% chance) = all fed networks go to shambles, trust is broken once and for all, all rating agencies, hedge funds, bonds, treasuries and j-pow on top.\n\naccumulate more, these are great times.", '13r7acs'], ['u/ChadRun04', 16, '2023-05-25 09:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jljdexp/', '> 99% chance\n\nLow-balling it.\n\n99.9998% at least.', '13r7acs'], ['u/_supert_', 10, '2023-05-25 10:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jljhe5j/', 'Motherfucker. I was looking at getting some because both the AI push and should benefit from a crypto spring. But it looked so rich... :(', '13r7acs'], ['u/therein', 17, '2023-05-25 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jllaldn/', 'We rotate today it seems. Wonderful.\n\nHere is a nice article from May 9: https://blog.bitmex.com/the-denominator/#', '13r7acs'], ['u/spinbarkit', 10, '2023-05-25 20:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/13r7acs/daily_discussion_thursday_may_25_2023/jlllzt4/', 'dude this is golden', '13r7acs']]], ['u/rBitcoinMod', 'Daily Discussion, May 25, 2023', 25, '2023-05-25 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13qd45m/daily_discussion_may_24_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/', '13r9iji', [['u/iamjustaguy', 26, '2023-05-25 15:33', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlk96yp/', 'I\'ve noticed increased simping for politicians here on this subreddit. Please, stop. \n\nI\'m old enough to remember how a politician once said he was pro union, and the air traffic controllers endorsed him for president. After he took office, the air traffic controllers went on strike. The "pro union" president promptly fired them.\n\nSo, these politicians see how passionate bitcoiners are, so they announce their support for it. When the banksters, owners, and corporate overlords put the pressure on politicians after the election is over, don\'t forget what happened to the air traffic controllers in 1981.\n\nThere are many more examples, both Democrat and Republican.\n\nDON\'T TRUST POLITICIANS! (verify by looking at their track record with a critical mind)', '13r9iji'], ['u/paperraincoat', 11, '2023-05-25 16:17', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlkfjdq/', "Capitalist Democrats are effective enablers of Capitalist Republicans. It's like growing up being beaten by one parent and thinking the other parent is good, it often takes a long time to realize they're both terrible. \n\n\nLikewise, each party would rather let the other side win than support a non-Capitalist Democrat like Bernie. This was what finally convinced me that both parties truly are two sides of the oligarchy coin. There are real differences on lower-level issues to be sure, but when it comes to money, and stealing (printing) it, their fundamentals are the same.", '13r9iji'], ['u/hateschoolfml', 10, '2023-05-25 17:27', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlkq8nz/', 'Fiat was concocted in backrooms, imposed on all.\n\nBitcoin was built in public, imposed on none.\n\nhttps://twitter.com/anilsaidso/status/1661588756892389376?s=46&t=ihVglVXC0BQSbw6j57EoaA', '13r9iji'], ['u/Umpire_State_Bldg', 13, '2023-05-25 17:43', 'https://www.reddit.com/r/Bitcoin/comments/13r9iji/daily_discussion_may_25_2023/jlksr3r/', 'Bitcoin rewards smart, honest, hard-working people.\n\nFiat currency punishes smart, honest, hard-working people.\n\nFiat currency rewards stupidity and dishonesty. Fiat currency gives false hope to the lazy.', '13r9iji']]], ['u/Ok-Implement-4370', 'Calling out CSW/CA/KW/SM', 15, '2023-05-25 08:57', 'https://www.reddit.com/r/bsv/comments/13rafos/calling_out_cswcakwsm/', "For those of you who do not know me, my family did well on BTC with Coins acquired atleast ten years ago. 300 BTC that was cashed out is my rough budget I can set aside for this project.\n\nSo to help AVP in his Quest for Evidence in one of his recent posts, I am offering to purchase 500,000 BSV at the market rate at the time the evidence is verified.\nhttps://twitter.com/Arthur_van_Pelt/status/1660919603495567362?t=8-qAv7c8ytwqK6giqsqKuA&s=19\n\nI see this as two outcomes.\nIf CSW/CA/KW/SM want credibility, which at this point is zero then they can view this in two outcomes as well.\n\nIt allows those who foolishly 'invested' into BSV and wish to get out with a minimal loss to sell, I will prioritise their Coins over TAAL purchases etc for this huge order and pay above the current market rate for those who wish to sell and recover some of their losses. I will give 250,000 of these BSV Coins to whoever presents verifiable evidence first. As the price plummets for BSV, it means I spend less and the 'winner' gets a smaller jackpot.\n\nObviously, once the evidence is verified, the value of the coins will skyrocket on news that Craig is not a total pathological lying, thieving, delusional narcissist living a fantasy world of Grandeur ensuring the Evidence provider gets a massive injection of BSV.\n\nWhether anyone wants to buy that BSV from the winner is dependent on the market but we all know what the market adoption has been like so far...\nMaybe this is not actually a prize if you cannot exchange it for anything 😂\n\nPrize cannot be provided as Cash or BTC or any other reputable Shitcoin 👍\n\nYour call BSV lovers. Ask Daddy Calvin, Sugar Baby Craig, creepy Uncle Stephen or Kurt the sock under the bed to cough up some REAL Evidence.\n\nSomehow I can guarantee it will be Soon™ or with a Bonded Courier, stomped on the evidence, Dog ate my homework, Cat shat in my Hat or the Hong Kong Safety Box got raided by S.H.E.I.L.D to protect the world(I should Copyright that one but we all know CSW will plagiarise it anyway)", 'https://www.reddit.com/r/bsv/comments/13rafos/calling_out_cswcakwsm/', '13rafos', [['u/anonymouscitizen2', 16, '2023-05-25 11:31', 'https://www.reddit.com/r/bsv/comments/13rafos/calling_out_cswcakwsm/jljkfbv/', 'I visited Craigs 30000 acre property in Australia in 07-2008 and saw an idling laptop computer on-top of an intro to C++ textbook. Also can affirm his 3rd cousin thinks he’s good at computer stuff and he believed craig made bitcoin ( he’s dead now, passed in 06) I will testify to this in an Antiguan court of law. \n\ncontact me for my payment details, thx.', '13rafos']]], ['u/B1gg_R3dd', 'Is this the last time to “get in early”?', 32, '2023-05-25 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/', 'I hear people saying to newcomers that we are all still very very early as far as crypto is concerned. My fear is that I haven’t had enough time to build my portfolio to really have anything worthwhile in this next bull market. I will keep dca in to btc and eth and looking in to other projects regardless, but I don’t feel like I’ll be obtaining financial freedom anytime soon. As we move closer to this next Bitcoin halving, and what I assume to be a potential bull market on the horizon, could this be the last time to truly be an early bird in the crypto space? Mining doesn’t seem like a viable option anymore unless you spend a lot of money and have low electricity costs, so the only way for me to invest is by continuing to work my job and use fiat for everything. Maybe this is just the FOMO talking, but I can’t help but feel like I should sell all my shit to just throw in to Bitcoin and alt coins right now.', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/', '13rag8n', [['u/jooro_a', 49, '2023-05-25 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jlj9k7b/', "It's the last time this month", '13rag8n'], ['u/Qptimised', 17, '2023-05-25 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jlj9x0h/', 'Just keep DCA like you are doing. FOMO is the enemy of gains.', '13rag8n'], ['u/EdgeLord19941', 111, '2023-05-25 09:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljcigx/', 'A crypto bro is never late, nor is he early\n\nHe loses money precisely when he means to', '13rag8n'], ['u/B1gg_R3dd', 13, '2023-05-25 09:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljd6gq/', 'Even the smallest hodler can change the course of the market', '13rag8n'], ['u/coqahoney', 41, '2023-05-25 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljd7r8/', "Last chance to buy ETH under $1800 in May.\n\nYou'll get it for $1500 in June but don't focus on that part.", '13rag8n'], ['u/coqahoney', 14, '2023-05-25 09:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljddmx/', "> You're too late to turn $100 into $100,000. \n\nBut you'd be surprised how easily people can do the reverse.", '13rag8n'], ['u/kirtash93', 10, '2023-05-25 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljge8f/', 'Bottom is already in. See you next winter pals!\n\nI hope we all meet in Bali before then! 🥂', '13rag8n'], ['u/GodCunt', 14, '2023-05-25 11:36', 'https://www.reddit.com/r/CryptoCurrency/comments/13rag8n/is_this_the_last_time_to_get_in_early/jljkrq0/', 'DCA you fools', '13rag8n']]], ['u/Keythb', 'Founder of crypto exchange BTC-e eyes prisoner swap with WSJ journalist', 10, '2023-05-25 09:02', 'https://www.reddit.com/r/mtgoxinsolvency/comments/13raixk/founder_of_crypto_exchange_btce_eyes_prisoner/', 'Alexander Vinnik is hoping he can go back to Russia in a prisoner swap', 'https://protos.com/founder-of-crypto-exchange-btc-e-eyes-prisoner-swap-with-wsj-journalist/', '13raixk', [['u/Keythb', 12, '2023-05-25 09:54', 'https://www.reddit.com/r/mtgoxinsolvency/comments/13raixk/founder_of_crypto_exchange_btce_eyes_prisoner/jljdjbd/', 'The odds are it is gone forever, but some people believe he was either behind the MTGOX hack or at least laundered the coins - He is currently facing 21 felony counts in the USA (it took years to extradite)- if he is holding anything he might try to make a deal (unless he is traded in a prisoner swap) - does no one here understand who he is?', '13raixk'], ['u/Schlammblut', 17, '2023-05-25 10:28', 'https://www.reddit.com/r/mtgoxinsolvency/comments/13raixk/founder_of_crypto_exchange_btce_eyes_prisoner/jljfylr/', 'Yes, this is relevant for the Mt. Gox case.', '13raixk']]], ['u/Matth3w_95', 'The cognitive biases of the crypto investor', 40, '2023-05-25 09:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/', ' \n\nAs a psychologist, I\'m really interested in how people think and make decisions. The human brain is a fantastic machine, but its resources are limited. That\'s why we often make choices based on biases and heuristics that help us save time. These tendencies though can lead to suboptimal outcomes when investing, especially in a highly volatile market like crypto. \n\n1. Confirmation Bias: Also called "cherry-picking effect" refers to the tendency to only look for news and information that confirms what you already believe. "I want to go all in with Bitcoin, so I\'ll only read Arthur Hayes\' analysis and nothing else."\n2. Sunk Cost Fallacy: Given that you have already spent much time and money on a project, you keep doing that hoping it will recover, even though the chances are pretty low. (I think valid examples for many of us can be XRP or LUNA). This mixes with Loss Aversion, a well-described tendency to react more emotionally to losses than to wins. \n3. The bandwagon effect: basically coping others without thinking for yourself. "I\'ll invest in whatever this youtube guy is shilling because everyone is doing that and I won\'t be left out". \n4. Anchoring Bias: you anchor your expectations about a project\'s future value based on its initial price or the specific price you opted in. \n5. Overconfidence Bias: you overvalue your chances despite every rational statistic. This can lead to excessive risk-taking, ignoring potential risks and flaws in your strategies: "90% of traders lose money, but I\'m a big brain dude that will absolutely beat the market" \n6. Availability Heuristic: basically basing your decisions on the most recent news that comes to your mind, without considering important past information. "Many people just made a ton of money with meme-coins, let\'s sell my car to invest in MARSU".\n\nEven though I\'ve studied these effects, I\'m the first that sometimes falls for them, but I think that being conscious of these biases can help us make more rational decisions more often, and they also have cool names to learn. What mistakes have you made because of similar heuristics?', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/', '13rardr', [['u/Beyonderr', 25, '2023-05-25 09:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/jljb34g/', 'As an educational psychologist who does research on some of these effects: Love the post! I think there\'s a ton of\n\n* sunk cost fallacy - that\'s why people keep bag holding to $0\n* availability heuristic - that\'s why people are so scared when the chart is red but so euphoric when the chart is green\n\nI also think there\'s a lot of "Dunning–Kruger effect" where people without knowledge or skills believe they can do and know more than they actually can.', '13rardr'], ['u/Matth3w_95', 11, '2023-05-25 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13rardr/the_cognitive_biases_of_the_crypto_investor/jljd93p/', 'Thank you for reading! I agree with you, nowadays everyone calls himself an expert. While true experts are the ones that are always doubtful and keen to learn something new.', '13rardr']]], ['u/Yournewbestfriend_01', 'List of few scams which have happened in India since 2014', 242, '2023-05-25 10:52', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/', 'I made a compilation of scams which have happened in India since 2014 and here it goes -\n\nADANI AIRPORT SCAM (KERALA) - https://www.business-standard.com/article/news-ians/kerala-cm-alleges-scam-in-airport-tendering-119022501291_1.html\n\nADVERTISEMENT SCAM (MADHYA PRADESH) - https://www.patrika.com/bhopal-news/advertisement-scam-1292513/\n\nASSAM CIVIL SERVICE EXAM SCAM - https://thelogicalindian.com/news/bjp-daughter-civil-exam-scam/\n\nADANI LAND SCAM (GUJARAT) - http://www.dnaindia.com/india/report-gujarat-state-government-gifts-adani-group-land-in-kutch-for-peanuts-1656997\n\nADCB SCAM - https://economictimes.indiatimes.com/industry/banking/finance/banking/ahmedabad-district-cooperative-bank-collected-highest-amount-of-banned-notes-among-dccbs-rti-reply/articleshow/64680892.cms\n\nBUNDELKHAND PACKAGE SCAM (MADHYA PRADESH) - https://timesofindia.indiatimes.com/city/bhopal/200-government-officials-to-be-probed-on-graft-charges/articleshow/63460144.cms\n\nBUDGET SCAM (CHHATTISGARH) - https://www.moneycontrol.com/news/politics/chhattisgarh-didnt-spend-25-of-budget-allocations-in-2016-17-cag-report-2947841.html\n\nBAJRI SCAM (RAJASTHAN) - https://www.indiatoday.in/india/story/rajasthan-congress-slams-raje-government-for-bajri-price-hike-says-illegal-market-operating-1170553-2018-02-16\n\nBHAMASHAH HEALTH INSURANCE SCAM (RAJASTHAN) - https://www.financialexpress.com/opinion/bhamashah-lessons-for-centres-national-health-protection-scheme/1144546/?utm_source=whatsapp&utm_medium=social&utm_campaign=WhatsappShare\n\nBITCOIN SCAM - https://thewire.in/business/gujarat-bitcoin-scam-fraud-demonetisation-cryptocurrency\n\nBUILDING SCAM (GOA) - https://www.business-standard.com/article/pti-stories/hc-notice-to-goa-govt-in-building-case-116020100615_1.html\n\nCAYMAN ISLANDS FDI SCAM - https://economictimes.indiatimes.com/news/politics-and-nation/congress-alleges-ajit-dovals-son-started-cayman-islands-hedge-fund-days-after-demonetisation/articleshow/67575681.cms\n\nCHIT-FUND SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/congress-stages-walkout-in-chhattisgarh-house-over-fraud-by-chit-fund-companies/\n\nCLOSURE OF GOVT SCHOOLS (RAJASTHAN) - https://www.dailyo.in/politics/how-rajasthan-government-is-throwing-children-out-of-school/story/1/822.html\n\nCHOPPER SCAM (CHHATTISGARH) - https://www.thewire.in/law/chopper-scam-chhattisgarh-raman-singh\n\n\n\nCITURGIA SCAM (UTTARAKHAND) - https://timesofindia.indiatimes.com/india/Land-scams-rock-Uttarakhand/articleshow/6097662.cms\n\nCHIKKI SCAM (MAHARASHTRA) - https://www.news18.com/news/politics/rs-206-crore-chikki-scam-hits-maharashtra-government-bjp-mp-pankaja-munde-under-scanner-1011152.html\n\nDAL SCAM (GUJARAT AND MAHARASTHRA) - https://www.business-standard.com/article/pti-stories/pulses-crisis-is-a-man-made-scam-of-rs-2-5-lakh-crore-cong-116072901446_1.html\n\nDEFENCE EXPO SCAM (GOA) - http://www.rediff.com/news/report/defence-news-parrikar-in-new-controversy-this-time-over-land-in-goa/20151123.htm\n\nDMAT SCAM - https://timesofindia.indiatimes.com/india/MP-DMAT-scam-bigger-than-Vyapam-CBI-tells-Supreme-Court/articleshow/48461145.cmshttps://timesofindia.indiatimes.com/city/bhopal/DMAT-scam-Six-member-gang-busted-two-arrested/articleshow/23385361.cms\n\nDEMONETISATION - http://www.catchnews.com/india-news/bjp-bought-land-worth-crores-just-before-note-ban-1480019920.html%20https://thewire.in/politics/bjp-demonetisation-buys-land-worth-crores\n\nE-TENDER SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/cag-red-flags-raipur-tenders-477-bids-came-from-only-74-computers-5532886/\n\nELECTRICITY SCAM (MADHYA PRADESH) - https://www.indiatoday.in/india/story/madhya-pradesh-energy-department-awards-contract-to-kin-of-power-minister-paras-jain-1049181-2017-09-21\n\nE-TENDER SCAM (MADHYA PRADESH) - https://economictimes.indiatimes.com/news/politics-and-nation/e-tender-scam-looms-large-over-madhya-pradesh-government/articleshow/65694727.cms\n\nEARTHQUAKE RELIEF FUND SCAM - https://indianexpress.com/article/cities/ahmedabad/quake-relief-fund-scam-hc-notice-to-govt-mla\n\nFAKE PILOT SCAM (RAJASTHAN) - https://www.hindustantimes.com/jaipur/ex-bjp-minister-s-son-booked-in-fake-pilot-scam/story-sd7dZyykkGhQdXxOyVEPvN.html\n\n\nFIRE EXTINGUISHERS SCAM (MAHARASHTRA) - https://indianexpress.com/article/india/india-others/procurement-of-fire-extinguishers-maharashtra-govt-orders-probe-into-rs-191-cr-contract/\n\nFISHING CONTRACTS SCAM (GUJARAT) - http://www.dnaindia.com/india/report-17-scams-that-narendra-modi-doesn-t-want-lok-ayukta-to-probe-1580274\n\nFAKE CURRENCY (KERALA) - https://www.indiatimes.com/news/india/kerala-bjp-youth-leader-who-campaigned-against-black-money-busted-in-fake-currency-racket-324401.html\n\nGROUNDNUT SCAM - https://www.newsclick.in/multi-faceted-gujarat-groundnut-scam\n\nGIFT SCAM (GUJARAT) - http://archive.indianexpress.com/news/big-corporates-got-govt-land-cheap-cag/1097019/\n\nGSIDC CONTRACTOR SCAM (GOA) - https://www.heraldgoa.in/Goa-News/Panjim/JUST-LOOK-AT-THE-STATE-of-OUR-ROAD-GIVEN-BACK-TO-US/107007.html\n\nGSIDC CONSULTANT SCAM (GOA) - https://www.goaprism.com/blacklisted-consultancy-firm-is-handling-the-new-mandovi-bridge-project-durgadas-kamat/\n\nGSPC SCAM - https://www.ndtv.com/opinion/from-jairam-ramesh-7-questions-for-pm-modi-on-20-000-crore-scam-1404319\n\nHOUSING SCAM (UP) - https://timesofindia.indiatimes.com/city/meerut/bjp-mlcs-husband-daughter-booked-for-cheating/articleshow/64562995.cms\n\nHUDCO SCAM - https://economictimes.indiatimes.com/news/politics-and-nation/hudco-scam-sc-asks-centre-to-file-atr/articleshow/2211678.cms\n\nHOUSING LOAN SCAM (GOA) - http://www.dnaindia.com/india/report-goa-minister-mahadev-naik-under-acb-scanner-for-misusing-housing-loan-2112518\n\nILLEGAL CONTRACTS (UTTAR PRADESH) - https://www.abplive.in/videos/abp-news-sting-exposes-personal-secretaries-of-up-ministers-taking-bribe-884734\n\nILLEGAL SAND MINING SCAM (MADHYA PRADESH) - https://timesofindia.indiatimes.com/city/bhopal/illegal-sand-mining-state-cong-shoots-missive-to-modi/articleshow/56962165.cms\n\nIL&FS SCAM - https://www.financialexpress.com/opinion/contain-ilfs-contagion-but-probe-fraud-take-action/1326833/\n\nINDIRA PRIYADARSHINI MAHILA SAHAKARI BANK SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/india-others/cong-demands-sacking-of-chhattisgarh-cm-over-co-op-bank-scam/\n\nINDIGOLD REFINERY SCAM (GUJARAT) - https://economictimes.indiatimes.com/news/politics-and-nation/supreme-court-sets-aside-land-allotment-made-by-narendra-modi-government-as-arbitrary/articleshow/29269972.cms\n\nIFFI MEGA SCAM (GOA) - https://www.heraldgoa.in/Goa/CAG-has-exposed-Rs-5-crore-scam-in-IFFI-tenders-Gen-Next-/86771.html\n\nJAY SHAH SCAM - https://thewire.in/business/amit-shah-narendra-modi-jay-shah-bjp\n\nKAMENG HYDRO ELECTRIC PROJECT SCAM (ARUNACHAL PRADESH) - https://thewire.in/politics/kiren-rijiju-fraud-hydro-power-neepco\n\nL&T LAND SCAM (GUJARAT) - http://archive.indianexpress.com/news/big-corporates-got-govt-land-cheap-cag/1097019/\n\nLAND SCAM (GUJARAT) - https://economictimes.indiatimes.com/news/politics-and-nation/gujarat-cm-anandiben-patel-daughters-partners-got-422-acres-land-at-92-discount/articleshow/51216459.cms\n\nLAND SCAM (UTTARAKHAND) - https://www.indiatoday.in/india/north/story/land-scam-stink-in-uttarakhand-77405-2010-06-26\n\nLAND SCAM (KARNATAKA) - https://www.thenewsminute.com/article/sadananda-gowda-soup-over-alleged-land-scam-mythic-society-36684\n\nLAND SCAM (GOA) - http://www.dnaindia.com/india/report-goa-chief-minister-s-brother-in-law-held-for-accepting-rs-1-lakh-bribe-2116288\n\nLED BULBS SCAM (RAJASTHAN) - https://timesofindia.indiatimes.com/city/jaipur/rajasthan-acb-unearths-led-bulbs-scam/articleshow/57031605.cms\n\nLAND SCAM (CHHATTISGARH) - https://indianexpress.com/article/india/besides-buying-forest-land-chhattisgarh-minister-wife-also-encroached-on-13-9-hectares-of-govt-land-4774813/\n\nMIDC LAND SCAM (MAHARASHTRA) - https://indianexpress.com/article/cities/pune/bhosari-land-scam-activist-moves-court-against-acb-report-on-eknath-khadse-5176924/\n\nMPPSC SCAM - https://www.bhaskar.com/mp/bhopal/news/new-mppsc-scam-vypam-5942124.html\n\nMGNREGA SCAM (HARYANA) - https://timesofindia.indiatimes.com/city/chandigarh/govt-protecting-scam-tainted-ias-officers-says-lokayukta/articleshow/58903785.cms\n\nMAHA KUMBH MELA SCAM (UTTARAKHAND) - https://www.indiatoday.in/india/story/kumbh-mela-scam-haunts-bjp-uttarakhand-information-commission-246611-2015-04-01\n\nMODIGATE - https://www.hindustantimes.com/india/sushma-s-husband-confirms-he-and-his-daughter-represented-lalit-modi/story-sxncSn6VUUrPu0PNRZwSVJ.html\n\nMINING SCAM (RAJASTHAN) - https://www.businesstoday.in/magazine/focus/mining-scandal-in-rajasthan-compels-cm-raje-to-usher-clean-mining-reforms/story/225499.html\n\nMALLYA’S ESCAPE - https://www.indiatoday.in/india/delhi/story/vijay-mallya-has-left-india-government-informs-supreme-court-312488-2016-03-09\n\nMEDICINE PURCHASE SCAM (MAHARASHTRA) - https://indianexpress.com/article/cities/mumbai/maharashtra-govt-under-fire-over-irregularities-in-medicine-purchase/\n\nMCD PENSION SCAM (DELHI) - http://www.millenniumpost.in/lops-wife-north-mcd-councillor-party-to-graft-145688\n\n\nMCI SCAM (KERALA) - https://www.business-standard.com/article/current-affairs/kerala-bjp-leader-took-bribe-of-rs-5-60-cr-promised-mci-approval-report-117072001293_1.html\n\nNARMADA PLANTATION SCAM (MADHYA PRADESH) https://www.newsclick.in/what-narmada-plantation-scam-all-about\n\nNIRAV MODI SCAM https://www.ndtv.com/india-news/punjab-national-bank-scam-banks-may-take-over-rs-17-000-crore-hit-from-pnb-fraud-tax-department-1813937\n\nNORTH CACHAR HILLS SCAM (ASSAM) https://www.newindianexpress.com/nation/2017/may/22/rs-1000-crore-north-cachar-hills-scam-nia-court-convicts-all-14-accused-1607761.html\n\nNANO PLANT LAND SCAM (GUJARAT) https://economictimes.indiatimes.com/news/politics-and-nation/after-mining-scam-land-deals-figure-in-congress-booklet-on-corruption/articleshow/9882826.cms\n\nNULM SCAM https://timesofindia.indiatimes.com/india/SC-calls-urban-shelter-scheme-a-big-scam/articleshow/47045765.cms\n\nNEET SCAM https://www.firstpost.com/india/neet-top-scorers-conspired-with-private-colleges-from-imposters-to-software-hacking-a-look-at-medical-exam-scam-4093735.html\n\nNALIA SCAM (GUJARAT) https://www.firstpost.com/india/naliya-rape-case-all-you-need-to-know-about-the-kutch-sex-racket-and-how-it-began-3275814.html\n\nOPERATION WEST END https://www.news18.com/news/politics/whats-the-bangaru-laxman-tehelka-sting-case-469103.html\n\nONGC SCAM http://www.newindianexpress.com/business/2018/jun/01/cbi-books-officials-of-ongc-in-rs-80-crore-scam-case-1822103.html\n\nPUNE LAND SCAM (MAHARASHTRA) https://economictimes.indiatimes.com/news/politics-and-nation/pune-land-scam-probe-may-be-given-to-cbi-says-court/articleshow/7450895.cms\n\nPETROL PUMP SCAM (UP) https://www.indiatoday.in/india/story/yogi-adityanath-s-principal-secretary-accused-of-demanding-bribe-governor-directs-cm-to-conduct-inquiry-1254875-2018-06-08\n\nPDS SCAM (CHHATTISGARH) https://www.ndtv.com/india-news/congress-demands-chattisgarh-chief-minister-raman-singhs-resignation-in-alleged-rs-36-000-crore-scam-778168\n\nPIYUSH GOYAL SCAM https://timesofindia.indiatimes.com/india/congress-targets-piyush-goyal-again-demands-his-removal/articleshow/63953770.cms\n\nPIYUSH GOYAL-SHIRDI INDUSTRIES SCAM https://indianexpress.com/article/india/piyush-goyal-family-firm-made-3000-times-profit-on-paid-up-capital-says-congress-bjp-denies-5132207/\n\nQUESTION PAPER LEAK SCAM https://www.hindustantimes.com/education/ssc-paper-leak-case-sc-asks-dopt-to-look-into-grievances-of-job-seekers-and-pass-reasoned-order/story-JM0YRPlmtInPDXOYS6CWtL.html\n\nRAJE AIDS CORRUPTION (RAJASTHAN) https://www.ndtv.com/india-news/controversial-rajasthan-immunity-bill-taken-back-in-state-assembly-1815183\n\n\n\nRHB PROPERTY (RAJASTHAN) https://timesofindia.indiatimes.com/news/Irregularity-in-allotment-of-RHB-property-to-BJP-MLA-Lokayukta/articleshow/35130414.cms\n\n\n\n\n\nSKILL INDIA SCAM https://www.indiatoday.in/india/story/india-today-expose-finds-out-skill-india-initiative-weaves-more-scams-than-success-stories-1345024-2018-09-20\n\nSEED SCAM (JHARKHAND) https://timesofindia.indiatimes.com/city/ranchi/Seed-scam-Former-agriculture-minister-Satyanand-Bhokta-arrested/articleshow/24353341.cms\n\n\n\nSSY SCAM (GUJARAT) https://www.dnaindia.com/india/report-sujalam-gets-cag-rap-1232637\n\nSWAN ENERGY-GSPC SCAM (GUJARAT) http://www.rediff.com/money/special/congress-accuses-modi-govt-of-rs-14296-crore-scam/20100210.htm\n\nTUR SCAM (MAHARASHTRA) http://www.uniindia.com/ncp-demands-inquiry-into-multi-crore-pulses-scam-resignation-of-minister-girish-bapat/other/news/285638.html\n\nTAKE HOME RATION SCAM (MAHARASHTRA) https://indianexpress.com/article/cities/mumbai/supreme-court-strikes-down-food-contracts-5617818/\n\nUJJAIN SIMHASTHA KUMBH MELA SCAM (MADHYA PRADESH) https://www.newsclick.in/illegal-construction-ujjains-simhastha-land-congress-accuses-bjp-leaders\n\nUJJAIN SIMHASTHA KUMBH MELA SCAM (MADHYA PRADESH) https://www.hindustantimes.com/bhopal/cong-alleges-rs-1-500-crore-scam-in-ujjain-simhastha/story-H800zXmHPP5uNAQfb8KRSM.html\n\nUNIVERSITY LAND SCAM https://www.dnaindia.com/india/report-17-scams-that-narendra-modi-doesn-t-want-lok-ayukta-to-probe-1580274\n\nVYAPAM SCAM (MP) https://www.thehindu.com/news/national/other-states/vyapam-scam-madhya-pradesh-ex-minister-laxmikant-sharma-charged/article22694519.ece\n\nWATER BOARD SCAM (GUJARAT) https://newscentral24x7.com/gujarat-water-supply-multi-crore-scam-vijay-rupani-bjp-suresh-mehta-audit-report/\n\nWATER RESOURCES DEPT. SCAM (MADHYA PRADESH) https://www.inkhabar.com/state/cag-report-madhya-pradesh-cag%E2%80%89finds-irregularities-of-crores-in-madhya-pradesh-during-the-period-of-shivraj-singh-chouhan-led-bjp-government\n\nWEIGHT MANIPULATION SCAM https://www.firstpost.com/india/congress-accuses-gujarat-government-of-rs-4000-crore-scam-in-procurement-of-groundnuts-demands-judicial-probe-by-sc-4934851.html\n\nX- RAY TECHNICIAN RECRUITMENT SCAM https://www.hindustantimes.com/chandigarh/recruitment-scam-at-pgi-admn-tried-to-brush-issue-under-the-rug/story-GuTEFVer7V3D1ksySbdXXO.html\n\nYEDDY DIARIES (KARNATAKA) https://realreport.in/yeddyurappa-diaries-expose-bjps-chowkidars/\n\nYEDDYURAPPA LAND SCAM (KARNATAKA) https://www.indiatoday.in/india/south/story/karnataka-yeddyurappa-mining-scam-land-scam-138414-2011-07-29\n\nZUBIN IRANI LAND SCAM (MP) http://www.newindianexpress.com/nation/2017/may/05/smriti-iranis-husband-a-share-holder-in-firm-accused-of-land-grabbing-congress-seeks-probe-1601415.html', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/', '13rcbov', [['u/fekumodi56', 12, '2023-05-25 13:11', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jljsp1h/', 'Arey sab k aage Paisa mention karna to bhool gaye wohi to main attraction hai', '13rcbov'], ['u/alter_Dex', 42, '2023-05-25 15:36', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlk9l1j/', 'Amazing work OP.', '13rcbov'], ['u/rogues69', 29, '2023-05-25 15:49', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkbcc8/', 'Saved', '13rcbov'], ['u/BoilingHot_Semen', 15, '2023-05-25 15:50', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkbict/', 'How blind can you be?', '13rcbov'], ['u/Hurt_copain', 55, '2023-05-25 16:33', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkhvk4/', 'my honest reaction :\n\nhttps://preview.redd.it/obnc4ul0512b1.jpeg?width=600&format=pjpg&auto=webp&v=enabled&s=c1db9a7b520f9c3b7ba78bcca417251659aadc75', '13rcbov'], ['u/_PandaBear', 16, '2023-05-25 17:00', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkm5l3/', 'I opened the post just for this one. IDC about other scams. This one tops for me.', '13rcbov'], ['u/PositronGt', 13, '2023-05-25 17:05', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlkmv7g/', "I'll work on this", '13rcbov'], ['u/PhotoTrooper', 14, '2023-05-25 17:44', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlksuxp/', 'Even spectrum scam case ended like this: \n\nIn his 1,552-page order, special judge O P Saini held that there was no criminality or conspiracy in spectrum allotment and said some people created a "scam by artfully arranging a few selected facts and exaggerating things beyond recognition to astronomical levels".\n\nBut bhakt abhi bhi is scam ko gina denge UPA ko corrupt batane ke liye, saari parties ke kattar followers brainwashed hai. No doubt UPA may corruption tha, agar main kuch cases cherry-pick kar ke dikha dun ki scam toh nahi hue the toh us se sachai thodi badal jayegi, similarly sure most of the cases mentioned in this post will end up with similar decisions but doesn’t mean jahan corruption ho raha hai use andekha kiya jaye. \n\nOur duty as citizens is to hold the government responsible for any & every decision they make, doesn’t matter how small or huge that decision is. But some brainwashed people can’t even hear any criticism against “their” party. See how i used the quotes to write their, it’s because these morons think it’s their party, their “familia”, their representatives but in reality it’s just as corrupt and disingenuous than any other power hungry party. Allegations are made for a reason be it politically motivated or genuine it needs to be thoroughly investigated, some decisions might fall in favour of what you want, i know you’ll accept them openly but some decisions might not go your way, accept them the same way.\n\nStop drooling over and defending every stupid decision that this government makes, show some balls, try to question them on some of the issues, try to be a part of secular democratic society without being a jerk, without letting them turn this country into a cauldron of hate & anger and division.', '13rcbov'], ['u/reddituser_scrolls', 13, '2023-05-25 19:02', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jll53lt/', 'critifin - Yes', '13rcbov'], ['u/pm-me-ur-uneven-tits', 10, '2023-05-25 19:33', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jll9ynj/', "Did I miss PMCARES and scams with covid vaccines (quality of them, and why we didn't have regular Pfizer or Moderna ones available). Or had vaccines a good 1yr after other countries.\n\nMismanagement or scam for ventilators, private hospitals charging huge Sums for covid patients", '13rcbov'], ['u/BaffledEarthman', 19, '2023-05-25 20:05', 'https://www.reddit.com/r/unitedstatesofindia/comments/13rcbov/list_of_few_scams_which_have_happened_in_india/jlleyg0/', 'Great work OP. vyapam takes the cake for me not for the money but for the sheer number of people murdered', '13rcbov']]], ['u/CrewCommon7788', 'How or why does the halving affect alts?', 11, '2023-05-25 10:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13rcd57/how_or_why_does_the_halving_affect_alts/', "Please be gracious: can someone please explain to me how the btc halving affects the price of alts? I know that the rewards halve after every 210,000 blocks mined, which takes about four years. Shouldn't it really just be the price of btc that changes? Ethereum, for example, is a completely different network after all. What do alts have to do with it? Or are they just changing because more investors are getting in now? \n\nA friend of mine couldn't really explain it either and just said it's always the case that it happens after the halving. I would like to know why? Or are the prices of the alts linked to the btc price. So that the fall and rise must happen inevitably.", 'https://www.reddit.com/r/CryptoCurrency/comments/13rcd57/how_or_why_does_the_halving_affect_alts/', '13rcd57', [['u/Qptimised', 16, '2023-05-25 11:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13rcd57/how_or_why_does_the_halving_affect_alts/jljik32/', "It doesn't affect it directly. But because every other crypto is connected to BTC, everything pumps when BTC pumps.", '13rcd57']]], ['u/derika22', 'Crypto is the biggest opportunity for normal people like you and me in this century', 100, '2023-05-25 13:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/', 'For a lot of people earning money and especially keeping wealth against inflation is very difficult. Many work hard and barely can save some money because of living cost. The few money left to save gets eaten away by inflation.\n\nCrypto is the biggest chance for us.\n\nI am NOT talking about "life changing super rich making" gains made with gambling into memecoins, but simply investing into the bigger 2 cryptos (maybe some alts, too).\n\nSome might say that stocks or pennystocks were biggest opportunities...if you were early to Amazon, Gamestop and co. you would be rich, but nobody could see the future and it would have been pure luck anyways.\n\nWhy crypto is our biggest chance in this century?\n\nIt\'s a new technology, it brings freedom to the people, it\'s decentralized, nobody controls it. People slowly mistrust the current fiat system. \n\nIt\'s still developing, soon more people will understand Bitcoin.\n\nUntil then, let\'s not get your time and wealth go to waste and invest in crypto (BTC, ETH, [your alt]). It doesn\'t have to be life changing money, preserving wealth, increasing it bit by bit. Sats by sats, stack it.', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/', '13rfeia', [['u/liveaskings', 10, '2023-05-25 13:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvnd9/', 'For a lot of us, it\'s our only chance for financial freedom. With the cost of living, car prices, and especially home values, it\'s our only chance of living "the American dream"', '13rfeia'], ['u/Florian995', 26, '2023-05-25 13:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvsn5/', 'Crypto is also the biggest opportunity to lose all your money. I am currently working on that', '13rfeia'], ['u/N3RFonReddit', 23, '2023-05-25 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvtok/', 'I think crypto might bring opportunities for some people to make some money, yes. But remember, money is not just put in your pocket out of thin air (unless you are a central bank, or have watched too much casa de papel on Netflix). If there is a winner, there must always be a loser somewhere else.', '13rfeia'], ['u/Calm-Cartographer677', 14, '2023-05-25 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvtte/', "Bold of you to assume I'm a normal person and not totally weird", '13rfeia'], ['u/Dull-Wear-3286', 435, '2023-05-25 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljvyfj/', "Stock was too slow and boring for me so i joined crypto and now I'm losing all my money super fast.", '13rfeia'], ['u/Kukuzahara', 41, '2023-05-25 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljw2c0/', 'I will be honest man I am still in the red and would have actually saved money if I didn’t buy Crypto…', '13rfeia'], ['u/Loud-Mathematician76', 16, '2023-05-25 13:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljwing/', 'oh boy! hopium much ?', '13rfeia'], ['u/Dull_Tough_7149', 131, '2023-05-25 13:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljwwe7/', "Oh, absolutely! Crypto is the perfect opportunity to throw all your bags into the moon, only to watch them crash and burn like a rekt noob. I mean, who needs a Lambo when you can just hodl your way to zero, amirite? And don't even get me started on the FUD and FOMO that can make you panic sell or buy at the worst possible times. But hey, at least you'll have some sick gains until the rug gets pulled and you get rugged. So keep on trading those shitcoins and chasing those pumps, because the only way to make it in crypto is to go big or go home!", '13rfeia'], ['u/FattestLion', 65, '2023-05-25 13:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxa0w/', 'Would you be interested to know about leveraged futures trading as well as crypto options? Guaranteed 1 day wipeout', '13rfeia'], ['u/Dull-Wear-3286', 28, '2023-05-25 14:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxn6x/', "I'm already 40x leveraged sir.", '13rfeia'], ['u/FattestLion', 24, '2023-05-25 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxro7/', '“Pro” tip: 69x minumum for maximum profits', '13rfeia'], ['u/rootpl', 10, '2023-05-25 14:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljxw0c/', 'Fast and Furious: Rug Pull Drift.', '13rfeia'], ['u/NaturephilicReaction', 13, '2023-05-25 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljyjmo/', "I'm now bored of crypto and moved on to gambling and losing my money instantly instead", '13rfeia'], ['u/Popatteri', 10, '2023-05-25 14:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljyxzs/', 'You could start practicing today and have a respectable skillset in a couple or years. No, better blame the world for your misfortunes and gamble on shitcoins.', '13rfeia'], ['u/_NotMitetechno_', 27, '2023-05-25 14:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jljzejf/', 'No, improving your skills and worth is. The internet has lots of information on how to improve yourself and learn new skills.', '13rfeia'], ['u/ProfWalterBishop', 72, '2023-05-25 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0ch5/', 'god damn this is a bad take', '13rfeia'], ['u/ice_blade_sorc', 26, '2023-05-25 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0dte/', 'I know you said "biggest" sure I can\'t refute that but even stocks gave massive gains, not comparable to crypto but still big numbers nonetheless *and less risky. Let\'s look at some tech stocks gains if you buy from 2009, which when bitcoin started.\n\n\n\n\|Alphabet \|2009 - $7.78\|2022 (peak) - $151\|1806 %\|\n\|:-\|:-\|:-\|:-\|\n\|Apple\|2009 - $3.08\|2022 (peak) - $182\|5830 % \|\n\|META\|2012 - $18\|2021 (peak) - $381\|2666 %\|\n\|NVIDIA\|2012 - $1.77\|2021 (peak) - $346\|19490 %\|\n\|Amazon\|2009 - $2.50\|2021 (peak) - $189\|7190 %\|\n\|Microsoft\|2009 - $15\|2021 (peak) - $350\|2218 %\|\n\|Tesla\|2010 - $15\|2021 (peak) - $411\|28500 %\|', '13rfeia'], ['u/partymsl', 14, '2023-05-25 14:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0pan/', 'Amateurs, it is 100x and watching 30s charts or nothing.', '13rfeia'], ['u/partymsl', 10, '2023-05-25 14:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk0syn/', 'Crypto IS gambling. Especially with leverage it is like gambling illegally even.', '13rfeia'], ['u/AbbreviationsNo988', 10, '2023-05-25 14:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk18tr/', 'Or the biggest failure and waste of money of the century, the line between the 2 things is very thin', '13rfeia'], ['u/deathbyfish13', 10, '2023-05-25 14:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk1bmc/', 'Ah I see you like to live dangerously as well', '13rfeia'], ['u/kirtash93', 14, '2023-05-25 14:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk26cq/', 'Like my grandfather told me before he passed away, "A dangerous short life is better than a long boring one."*\n\nI am already taking my third loan and leveraging it into PEPE.', '13rfeia'], ['u/Gr8WallofChinatown', 17, '2023-05-25 14:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlk3lrk/', 'Your post is everything wrong with the industry and people.', '13rfeia'], ['u/d3vrandom', 11, '2023-05-25 15:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlka1em/', "you haven't accounted for stock splits which put even more money into investors' hands.", '13rfeia'], ['u/Lokiee0077', 10, '2023-05-25 16:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlke914/', 'I joined crypto for wife changing money, but it backfired and now my wife has another husband.', '13rfeia'], ['u/WhompWump', 16, '2023-05-25 17:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13rfeia/crypto_is_the_biggest_opportunity_for_normal/jlksmk9/', 'Just outright selling people a dream of gambling lol\n\nIf you want to "get rich quick" investing, even in highly volatile risky assets like crypto, is not it. Just go gamble.', '13rfeia']]], ['u/1gdmorrill', 'Listened to Tanis and TBT, Rabbits/The Last Movie next?', 35, '2023-05-25 14:38', 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/', "So I'm pretty much done Tanis, I have two eps left which I'll be completing today. I'm not entirely sure why or how I finished season 5 of Tanis, it's seemed to have spiraled out of control long ago and PNWS cannot close out a story to save their lives see The Black Tapes also. So i've got a few questions on the other pods from PNWS...\n\n1. Do they all become incredibly vague and open ended like Tanis? By all I mean Rabbits & The Last Movie...\n2. Are the others worth listening to? I like the first two seasons of both Tanis and TBT...\n3. How much did MK make off all that bitcoin she was paid in, it makes me laugh every time they'd pay her in Bitcoin.", 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/', '13rgocc', [['u/Waitingforabluebox', 26, '2023-05-25 15:05', 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/jlk5i3x/', 'I feel like Terry Miles has good ideas but he doesn’t plan for an ending so they just kind of morph in to a weird, vague blob at the end. I do think Rabbits (especially season 1) actually has a ending, like you feel satisfied.', '13rgocc'], ['u/epic_inside', 10, '2023-05-25 16:32', 'https://www.reddit.com/r/PNWS/comments/13rgocc/listened_to_tanis_and_tbt_rabbitsthe_last_movie/jlkhp9h/', 'It’s…..complicated', '13rgocc']]], ['u/Status_Floor1746', 'Crypto is Gearing Up to Face its Biggest Test Yet', 10, '2023-05-25 14:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13rgx6d/crypto_is_gearing_up_to_face_its_biggest_test_yet/', 'TL;DR Since its creation from the last financial crisis crypto faces its biggest test yet with a bleak economic outlook and US government debt ceiling negotiations. These two events could result in a massive liquidity crash as fiat is needed to pay everyday expenses. While the US is highly unlikely to default the damage is being done right now to the markets. \n\n\n\n\n\n\n\n\n\nIt is safe to say that markets across the board are stuck in a rut as House Speaker Kevin McCarthy and President Joe Biden continue to negotiate a deal to raise the debt limit. Since Bitcoin\'s inception, crypto has been pitched as an alternative monetary system free of third parties and has been highly successful. However, the economic conditions resulting from these debt ceiling negotiations are not only uncommon but are now reaching a point not seen in recent history. \n\n\n\nThe biggest issue I have seen crypto run into is something I think many of us should understand and not be surprised by. Crypto still lacks a lot of commonplace utility, especially in typical everyday roles. When you look at the basics like having to pay a credit card bill, utility bill, or mortgage payment there really is not an easy clear-cut way to do this. While different protocols and attempts have ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI, May 26, 2023 --( BUSINESS WIRE )--US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC"), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC ("Celsius"), which filed for Chapter 11 bankruptcy protection in July 2022. USBTC submitted the winning bid as part of the Fahrenheit, LLC ("Fahrenheit") coalition. The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Upon restructuring, Fahrenheit will serve as the management company of the broader Celsius entity. Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius. "Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius," said Michael Ho, CEO of USBTC. "Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across web3 markets." Under the proposed restructuring, USBTC will enter into one or more operating and services agreements with the restructured company to become the exclusive operator of all mining assets formerly owned by Celsius. In addition to a portion of the management fee, USBTC will also receive from Fahrenheit a fee of $15 million per year net of operating expenses to manage the mining division of the restructured company. USBTC expects to increase its total installed hashrate under management by approximately 12.2 EH/s upon full energization of the Celsius fleet of 121,800 machines. "We are deeply committed to building value for the creditors of Celsius," said Asher Genoot, President of USBTC. "Just as we did with Generate Capital and NextEra Energy in the Compute North bankruptcy, we will help another deserving partner emerge from bankruptcy stronger than ever. We’re incredibly excited to get to work and show the world what we can achieve together." The consummation of Celsius’ restructuring transaction is subject to approval of the Bankruptcy Court. Story continues About US Bitcoin Corp (USBTC) USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales. USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. Disclaimer This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC\'s businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts; instead, they signify management\'s expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC") deems these statements reasonable as of the press release\'s date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information. The forward-looking statements included in this press release are provided as of the press release\'s date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005908/en/ Contacts For more information, visit www.usbitcoin.com or contact [email protected]', 'Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI, May 26, 2023 --( BUSINESS WIRE )--US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC"), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC ("Celsius"), which filed for Chapter 11 bankruptcy protection in July 2022. USBTC submitted the winning bid as part of the Fahrenheit, LLC ("Fahrenheit") coalition. The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Upon restructuring, Fahrenheit will serve as the management company of the broader Celsius entity. Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius. "Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius," said Michael Ho, CEO of USBTC. "Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across web3 markets." Under the proposed restructuring, USBTC will enter into one or more operating and services agreements with the restructured company to become the exclusive operator of all mining assets formerly owned by Celsius. In addition to a portion of the management fee, USBTC will also receive from Fahrenheit a fee of $15 million per year net of operating expenses to manage the mining division of the restructured company. USBTC expects to increase its total installed hashrate under management by approximately 12.2 EH/s upon full energization of the Celsius fleet of 121,800 machines. "We are deeply committed to building value for the creditors of Celsius," said Asher Genoot, President of USBTC. "Just as we did with Generate Capital and NextEra Energy in the Compute North bankruptcy, we will help another deserving partner emerge from bankruptcy stronger than ever. We’re incredibly excited to get to work and show the world what we can achieve together." The consummation of Celsius’ restructuring transaction is subject to approval of the Bankruptcy Court. Story continues About US Bitcoin Corp (USBTC) USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales. USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. Disclaimer This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC\'s businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts; instead, they signify management\'s expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC") deems these statements reasonable as of the press release\'s date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information. The forward-looking statements included in this press release are provided as of the press release\'s date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005908/en/ Contacts For more information, visit www.usbitcoin.com or contact [email protected]', 'Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI, May 26, 2023 --( BUSINESS WIRE )--US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC"), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC ("Celsius"), which filed for Chapter 11 bankruptcy protection in July 2022. USBTC submitted the winning bid as part of the Fahrenheit, LLC ("Fahrenheit") coalition. The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Upon restructuring, Fahrenheit will serve as the management company of the broader Celsius entity. Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius. "Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius," said Michael Ho, CEO of USBTC. "Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across web3 markets." Under the proposed restructuring, USBTC will enter into one or more operating and services agreements with the restructured company to become the exclusive operator of all mining assets formerly owned by Celsius. In addition to a portion of the management fee, USBTC will also receive from Fahrenheit a fee of $15 million per year net of operating expenses to manage the mining division of the restructured company. USBTC expects to increase its total installed hashrate under management by approximately 12.2 EH/s upon full energization of the Celsius fleet of 121,800 machines. "We are deeply committed to building value for the creditors of Celsius," said Asher Genoot, President of USBTC. "Just as we did with Generate Capital and NextEra Energy in the Compute North bankruptcy, we will help another deserving partner emerge from bankruptcy stronger than ever. We’re incredibly excited to get to work and show the world what we can achieve together." The consummation of Celsius’ restructuring transaction is subject to approval of the Bankruptcy Court. Story continues About US Bitcoin Corp (USBTC) USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales. USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. Disclaimer This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC\'s businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts; instead, they signify management\'s expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp ("USBTC") deems these statements reasonable as of the press release\'s date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information. The forward-looking statements included in this press release are provided as of the press release\'s date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005908/en/ Contacts For more information, visit www.usbitcoin.com or contact [email protected]', 'US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to apress release.\nThe miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for the Celsius assets, which include a lending portfolio, crypto assets and 121,800 mining machines. Once it brings all the mining rigs online, its fleet will total at least 270,000 mining rigs, the miner told CoinDesk. This will raise its computing power to the ranks of mining giants such asRiot Platforms (RIOT),Core Scientific (CORZ)andMarathon Digital Holdings (MARA).\nRead more:Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius\nUnder the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm added. That\'s $75 million on top of expenses, provided that USBTC fulfills certain operational requirements.\nAnother $20 million in management fees will go to the Fahrenheit consortium,court filings show. The consortium will also receive stock incentives in the new company that will house the Celsius assets. USBTC also has to build a 100 megawatts (MW) of infrastructure to house the Celsius rigs, and provide a plan for the buildout of another 240 MW of capacity in abehind-the-metersite.\nThe Miami-based firm has managed to massively increase its operational capabilities in the past few months, taking advantage of opportunities born out of bankruptcies. It started from a single site in Niagara Falls, New York, but has now taken control of three sites formerly operated by Compute North, whichfiled for Chapter 11 in September 2022. Two of those are owned by energy investment firm Generate Capital, while the third is a joint venture between USBTC and energy firm NextEra Energy.\nUSBTC has managed to secure hosting deals for 150,000 machines in its facilities. It is also undergoing a merger withCanada\'s Hut 8 Mining (HUT).\nOther members of the consortium that will be managing the Celsius assets are Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.\nRead more:U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs\nUPDATE (May 25, 1:30 UTC):Changes subhead to show total potential management fees, specifies that USBTC will have at least 270,000 mining rigs after the deal.', 'US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to apress release.\nThe miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for the Celsius assets, which include a lending portfolio, crypto assets and 121,800 mining machines. Once it brings all the mining rigs online, its fleet will total at least 270,000 mining rigs, the miner told CoinDesk. This will raise its computing power to the ranks of mining giants such asRiot Platforms (RIOT),Core Scientific (CORZ)andMarathon Digital Holdings (MARA).\nRead more:Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius\nUnder the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm added. That\'s $75 million on top of expenses, provided that USBTC fulfills certain operational requirements.\nAnother $20 million in management fees will go to the Fahrenheit consortium,court filings show. The consortium will also receive stock incentives in the new company that will house the Celsius assets. USBTC also has to build a 100 megawatts (MW) of infrastructure to house the Celsius rigs, and provide a plan for the buildout of another 240 MW of capacity in abehind-the-metersite.\nThe Miami-based firm has managed to massively increase its operational capabilities in the past few months, taking advantage of opportunities born out of bankruptcies. It started from a single site in Niagara Falls, New York, but has now taken control of three sites formerly operated by Compute North, whichfiled for Chapter 11 in September 2022. Two of those are owned by energy investment firm Generate Capital, while the third is a joint venture between USBTC and energy firm NextEra Energy.\nUSBTC has managed to secure hosting deals for 150,000 machines in its facilities. It is also undergoing a merger withCanada\'s Hut 8 Mining (HUT).\nOther members of the consortium that will be managing the Celsius assets are Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.\nRead more:U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs\nUPDATE (May 25, 1:30 UTC):Changes subhead to show total potential management fees, specifies that USBTC will have at least 270,000 mining rigs after the deal.', 'US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to a press release . The miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for the Celsius assets, which include a lending portfolio, crypto assets and 121,800 mining machines. Once it brings all the mining rigs online, its fleet will total at least 270,000 mining rigs, the miner told CoinDesk. This will raise its computing power to the ranks of mining giants such as Riot Platforms (RIOT) , Core Scientific (CORZ) and Marathon Digital Holdings (MARA) . Read more: Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm added. That\'s $75 million on top of expenses, provided that USBTC fulfills certain operational requirements. Another $20 million in management fees will go to the Fahrenheit consortium, court filings show . The consortium will also receive stock incentives in the new company that will house the Celsius assets. USBTC also has to build a 100 megawatts (MW) of infrastructure to house the Celsius rigs, and provide a plan for the buildout of another 240 MW of capacity in a behind-the-meter site. The Miami-based firm has managed to massively increase its operational capabilities in the past few months, taking advantage of opportunities born out of bankruptcies. It started from a single site in Niagara Falls, New York, but has now taken control of three sites formerly operated by Compute North, which filed for Chapter 11 in September 2022 . Two of those are owned by energy investment firm Generate Capital, while the third is a joint venture between USBTC and energy firm NextEra Energy. Story continues USBTC has managed to secure hosting deals for 150,000 machines in its facilities. It is also undergoing a merger with Canada\'s Hut 8 Mining (HUT) . Other members of the consortium that will be managing the Celsius assets are Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. Read more: U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs UPDATE (May 25, 1:30 UTC): Changes subhead to show total potential management fees, specifies that USBTC will have at least 270,000 mining rigs after the deal.', 'VANCOUVER, BC, CANADA, May 25, 2023 (GLOBE NEWSWIRE) --Jolt Health Inc. (formerly Love Pharma Inc.) (“Jolt” and or “the Company”) (CSE:JOLT) (FSE: G1Q0)is pleased to announce that pursuant to a 10% interest bearing convertible debenture issued on October 12, 2022, the Issuer issued a total of 13,765,763 common shares, at $0.015 per common share in satisfaction of the aggregate interest payment owed by the Issuer of $195,000 to a Debenture holder\xa0 In addition, pursuant to Promissory Notes dated January 23, 2020 and extended to December 31, 2023, the Issuer issued a total of 6,116,913 common shares at $0.15 per common share in satisfaction of the aggregate per annum interest rate of 5% owing on the Promissory Notes.\nThe common shares are being issued to arms-length parties, and are subject to a four month hold period. The shares for debt settlement is subject to the approval of the Canadian Securities Exchange.\nAbout Jolt Health Inc.\nWith a focus on the global sexual Health and Wellness markets, Jolt Health Inc., formerly Love Pharma Inc. (CSE:JOLT) (FSE: G1Q0) was founded in 2020, with a mission to bring to market innovative products that enhance sexual health and wellness while providing an improved quality of life. Jolt holds exclusive licenses to produce market, package, sell, and distribute patent-protected therapeutic and pharmaceutical products throughout Europe, the United Kingdom, and North America.\nFor further information, please contact:\nInvestor Relations\nTelephone: 1 (604) 343-2977\nE-mail: [email protected]\nwww.love-pharma.com\nNeither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward Looking Statements\nCertain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management\'s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.\xa0 A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID–19, including the impact of COVID–19 on the Company\'s business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.\nCONTACT: Investor Relations JOLT Health Inc. 1 (604) 343-2977 [email protected]', 'VANCOUVER, BC, CANADA, May 25, 2023 (GLOBE NEWSWIRE) -- Jolt Health Inc. (formerly Love Pharma Inc.) (\x93Jolt\x94 and or \x93the Company\x94) (CSE:JOLT) (FSE: G1Q0) is pleased to announce that pursuant to a 10% interest bearing convertible debenture issued on October 12, 2022, the Issuer issued a total of 13,765,763 common shares, at $0.015 per common share in satisfaction of the aggregate interest payment owed by the Issuer of $195,000 to a Debenture holder\xa0 In addition, pursuant to Promissory Notes dated January 23, 2020 and extended to December 31, 2023, the Issuer issued a total of 6,116,913 common shares at $0.15 per common share in satisfaction of the aggregate per annum interest rate of 5% owing on the Promissory Notes. The common shares are being issued to arms-length parties, and are subject to a four month hold period. The shares for debt settlement is subject to the approval of the Canadian Securities Exchange. About Jolt Health Inc . With a focus on the global sexual Health and Wellness markets, Jolt Health Inc., formerly Love Pharma Inc. (CSE:JOLT) (FSE: G1Q0) was founded in 2020, with a mission to bring to market innovative products that enhance sexual health and wellness while providing an improved quality of life. Jolt holds exclusive licenses to produce market, package, sell, and distribute patent-protected therapeutic and pharmaceutical products throughout Europe, the United Kingdom, and North America. For further information, please contact: Investor Relations Telephone: 1 (604) 343-2977 E-mail: [email protected] www.love-pharma.com Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management\'s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.\xa0 A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID\x9619, including the impact of COVID\x9619 on the Company\'s business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws. Story continues CONTACT: Investor Relations JOLT Health Inc. 1 (604) 343-2977 [email protected]', "Among the crowds at the Bitcoin 2023 conference in Miami last week were pockets of Ethereum developers, drawn to the world's biggest and oldest cryptocurrency by Ordinals.\nSeveral developers with roots in Web3 attended Bitcoin 2023 because of Ordinals,the protocollaunched earlier this year that’s taken Bitcoin by storm—sparking a wave of innovation, hype, and experimentation.\nOrdinalSafe, a self-custodial Bitcoin wallet built for Ordinals, was among the startups present with Ethereum in its veins. The majority of its development team has experience working with the second-largest token by market capitalization.\nThe startup participated in Bitcoin 2023’s “Pitch Day,” and it ultimately won second place in the competition’s infrastructure category. The endeavor was a notable achievement and memorable experience, said OrdinalSafe CEO Esad Yusuf Atik.\n“It's your first time on that stage, and you're trying to sell the vision of your product to other people, so you want to do a good job,” he said. “I was really nervous, but going to the stage for the prize, it felt great.”\nFeds Blacklist Tornado Cash, Ban Ethereum Mixing Tool in US\nAtik, a 22-year-old developer from Turkey, first caught the Web3 bug when he attended a hackathon in 2020. He, along with a couple of other members from the OrdinalSafe team, previously developed a protocol called Proof of Innocence under the firmChainway.\nBuilt for Tornado Cash—an Ethereum coin mixersanctioned by the U.S.last summer—Proof of Innocence is designed to help users prove they didn’t deposit funds into the privacy tool from a sanctioned wallet address.\nThe project “got really good attention,” Atik said, adding he and developers that worked on the protocol recently got to meet Ethereum co-founder Vitalik Buterin in Montenegro. He added that Buterin talked about Proof of Innocence on stage at the Community Ethereum Development Conference.\nBut, in February, Atik learned about Ordinals on Twitter and became transfixed. So, he and his fellow developers dove head-first into creating OrdinalSafe, ultimately leading the crew to Miami.\nNot all Bitcoiners see value in Ethereum—or any other coin, for that matter. At Bitcoin 2023, a few vocal conference-goersbooedBitMEX founder Arthur Hayes on stage when he told author Michael Lewis he “absolutely” owns Ethereum and other tokens.\n“Come on, guys. Y’all know you trade some PepeCoin,” Hayes said in response to the boos, referring to Ethereum’s amphibious meme coindu jour. “Don’t sit here like that.”\nAlong similar lines, a company called LayerTwo Labs invited attendees to smash piñatas resembling Ethereum, Solana, and Shiba Inu symbols at its booth. People urged Bitcoiners to “smash a shitcoin” like carnival barkers.\nBut despite any sense of BTC superiority permeating the air at Bitcoin 2023, Atik said that the conference’s crowd was welcoming.\n“Even though we came from an Ethereum background, it felt like home,” Atik said. “If you're developing on Bitcoin, you're part of the community, right?”\nWhether Ordinals itself is accepted by the Bitcoin community is entirely up for debate—as evidenced by tension on stage during “The Great Ordinal Debate.”\nThe conversation touched on whether Ordinals could be considered an attack on Bitcoin, assome critics say. Their argument: Experimental BRC-20 tokens, built using Ordinals, have put an enormous strain on Bitcoin’s network anddriven up transaction fees. BRC-20 tokens,pioneeredin March, are fungible tokens that exist on Bitcoin—comparable toERC-20tokens on Ethereum, like PepeCoin.\nBitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions\nThere was also discussion about projects that could potentially be built on Bitcoin using Ordinals, like a decentralized exchange. Matt Corallo, an Open Source Engineer at Spiral,expressed concernsduring the panel that new innovations with Ordinals could push Bitcoin miners more towardMEVto stay competitive and introduce centralization or censorship issues if not managed effectively.\nMEV, or maximal extractable value, refers to the value that miners or validators can derive from changing the sequence of transactions in a block as it’s being added to the ledger. While developers on Ethereum and other chains have spent years figuring out how to mitigate MEV’s negative aspects, it’s potentially a new hurdle for crypto’s oldest coin, said Corallo.\n“The Ethereum space has spent a lot of time doing this,” Corallo said, in terms of addressing MEV. “We do need to learn from that world, in so far as we’re building protocols that start to look more like that world. We absolutely do.”\nHas Proof of Stake Made Ethereum More Centralized?\nUdi Wertheimer of Bitcoin Wizards said it’s noteworthy that well-established Web3 tech and concepts have worked their way into Bitcoin-related dialogue, contrasting it with events held by Bitcoin Magazine in years past.\n“This year, we’re on [...] the main stage of Bitcoin Magazine talking about rollups, we’re talking about MEV, we’re talking about decentralized exchanges on Bitcoin,” Wertheimer said. “I don’t have the answers [...] but I think the culture is getting there.”\nBefore Bitcoin 2023, OrdinalSafe didn’t have any investors. But after the team’s performance during Pitch Day, it’s already got significant commitments from investors, CEO Atik said.\nBut the OrdinalSafe team was not the only group represented by developers with an Ethereum background, using Ordinals to find their footing in the Bitcoin community.\nEril Ezerel is the founder of Subjective Labs. His team of crypto-natives has been buildingBestinSlot.xyz, an Ordinals explorer that lets people track inscriptions, NFT-like assets on Bitcoin, as well as BRC-20 tokens.\nThe service currently tracks over 1,100 Ordinals collections, with names like Bitcoin Frogs, DogePunks, and BTC Virus. It also collects data on the more than 28,000 BRC-20 tokens.\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nEzerel described Ordinals as a horn—now that it’s been blown, people are coming back to crypto’s oldest coin en masse. A lot of people in his project’s Discord server are approaching Bitcoin with limited knowledge of how to use the network, he said, but they’re still passionate about the prospect of digital art and collectibles.\n“All day in Discord, we're dealing with NFT degens from Solana and Ethereum,” Ezerel said. There’s been a bit of a learning curve, he said: Lots of people have been asking for help buying Bitcoin inscriptions.\nOrdinals is in its infancy, and where the protocol goes is anybody’s guess, as people from throughout Web3 enter the Bitcoin fold. And even if Ordinals has its critics, many approve of the experimentation, Ezerel said.\nHe put forth the idea that Bitcoin miners are on board with Ordinals because of the increased transaction fees they receive for validating transactions. There are also major developers and Bitcoin owners that are supportive of the protocol, he noted.\n“Everybody's excited about it,” Ezerel said. “The Bitcoin maxi stuff, it's mostly in our heads.”", "Among the crowds at the Bitcoin 2023 conference in Miami last week were pockets of Ethereum developers, drawn to the world's biggest and oldest cryptocurrency by Ordinals.\nSeveral developers with roots in Web3 attended Bitcoin 2023 because of Ordinals,the protocollaunched earlier this year that’s taken Bitcoin by storm—sparking a wave of innovation, hype, and experimentation.\nOrdinalSafe, a self-custodial Bitcoin wallet built for Ordinals, was among the startups present with Ethereum in its veins. The majority of its development team has experience working with the second-largest token by market capitalization.\nThe startup participated in Bitcoin 2023’s “Pitch Day,” and it ultimately won second place in the competition’s infrastructure category. The endeavor was a notable achievement and memorable experience, said OrdinalSafe CEO Esad Yusuf Atik.\n“It's your first time on that stage, and you're trying to sell the vision of your product to other people, so you want to do a good job,” he said. “I was really nervous, but going to the stage for the prize, it felt great.”\nFeds Blacklist Tornado Cash, Ban Ethereum Mixing Tool in US\nAtik, a 22-year-old developer from Turkey, first caught the Web3 bug when he attended a hackathon in 2020. He, along with a couple of other members from the OrdinalSafe team, previously developed a protocol called Proof of Innocence under the firmChainway.\nBuilt for Tornado Cash—an Ethereum coin mixersanctioned by the U.S.last summer—Proof of Innocence is designed to help users prove they didn’t deposit funds into the privacy tool from a sanctioned wallet address.\nThe project “got really good attention,” Atik said, adding he and developers that worked on the protocol recently got to meet Ethereum co-founder Vitalik Buterin in Montenegro. He added that Buterin talked about Proof of Innocence on stage at the Community Ethereum Development Conference.\nBut, in February, Atik learned about Ordinals on Twitter and became transfixed. So, he and his fellow developers dove head-first into creating OrdinalSafe, ultimately leading the crew to Miami.\nNot all Bitcoiners see value in Ethereum—or any other coin, for that matter. At Bitcoin 2023, a few vocal conference-goersbooedBitMEX founder Arthur Hayes on stage when he told author Michael Lewis he “absolutely” owns Ethereum and other tokens.\n“Come on, guys. Y’all know you trade some PepeCoin,” Hayes said in response to the boos, referring to Ethereum’s amphibious meme coindu jour. “Don’t sit here like that.”\nAlong similar lines, a company called LayerTwo Labs invited attendees to smash piñatas resembling Ethereum, Solana, and Shiba Inu symbols at its booth. People urged Bitcoiners to “smash a shitcoin” like carnival barkers.\nBut despite any sense of BTC superiority permeating the air at Bitcoin 2023, Atik said that the conference’s crowd was welcoming.\n“Even though we came from an Ethereum background, it felt like home,” Atik said. “If you're developing on Bitcoin, you're part of the community, right?”\nWhether Ordinals itself is accepted by the Bitcoin community is entirely up for debate—as evidenced by tension on stage during “The Great Ordinal Debate.”\nThe conversation touched on whether Ordinals could be considered an attack on Bitcoin, assome critics say. Their argument: Experimental BRC-20 tokens, built using Ordinals, have put an enormous strain on Bitcoin’s network anddriven up transaction fees. BRC-20 tokens,pioneeredin March, are fungible tokens that exist on Bitcoin—comparable toERC-20tokens on Ethereum, like PepeCoin.\nBitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions\nThere was also discussion about projects that could potentially be built on Bitcoin using Ordinals, like a decentralized exchange. Matt Corallo, an Open Source Engineer at Spiral,expressed concernsduring the panel that new innovations with Ordinals could push Bitcoin miners more towardMEVto stay competitive and introduce centralization or censorship issues if not managed effectively.\nMEV, or maximal extractable value, refers to the value that miners or validators can derive from changing the sequence of transactions in a block as it’s being added to the ledger. While developers on Ethereum and other chains have spent years figuring out how to mitigate MEV’s negative aspects, it’s potentially a new hurdle for crypto’s oldest coin, said Corallo.\n“The Ethereum space has spent a lot of time doing this,” Corallo said, in terms of addressing MEV. “We do need to learn from that world, in so far as we’re building protocols that start to look more like that world. We absolutely do.”\nHas Proof of Stake Made Ethereum More Centralized?\nUdi Wertheimer of Bitcoin Wizards said it’s noteworthy that well-established Web3 tech and concepts have worked their way into Bitcoin-related dialogue, contrasting it with events held by Bitcoin Magazine in years past.\n“This year, we’re on [...] the main stage of Bitcoin Magazine talking about rollups, we’re talking about MEV, we’re talking about decentralized exchanges on Bitcoin,” Wertheimer said. “I don’t have the answers [...] but I think the culture is getting there.”\nBefore Bitcoin 2023, OrdinalSafe didn’t have any investors. But after the team’s performance during Pitch Day, it’s already got significant commitments from investors, CEO Atik said.\nBut the OrdinalSafe team was not the only group represented by developers with an Ethereum background, using Ordinals to find their footing in the Bitcoin community.\nEril Ezerel is the founder of Subjective Labs. His team of crypto-natives has been buildingBestinSlot.xyz, an Ordinals explorer that lets people track inscriptions, NFT-like assets on Bitcoin, as well as BRC-20 tokens.\nThe service currently tracks over 1,100 Ordinals collections, with names like Bitcoin Frogs, DogePunks, and BTC Virus. It also collects data on the more than 28,000 BRC-20 tokens.\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nEzerel described Ordinals as a horn—now that it’s been blown, people are coming back to crypto’s oldest coin en masse. A lot of people in his project’s Discord server are approaching Bitcoin with limited knowledge of how to use the network, he said, but they’re still passionate about the prospect of digital art and collectibles.\n“All day in Discord, we're dealing with NFT degens from Solana and Ethereum,” Ezerel said. There’s been a bit of a learning curve, he said: Lots of people have been asking for help buying Bitcoin inscriptions.\nOrdinals is in its infancy, and where the protocol goes is anybody’s guess, as people from throughout Web3 enter the Bitcoin fold. And even if Ordinals has its critics, many approve of the experimentation, Ezerel said.\nHe put forth the idea that Bitcoin miners are on board with Ordinals because of the increased transaction fees they receive for validating transactions. There are also major developers and Bitcoin owners that are supportive of the protocol, he noted.\n“Everybody's excited about it,” Ezerel said. “The Bitcoin maxi stuff, it's mostly in our heads.”", 'Though his presidential campaign launch was overshadowed by technical glitches Wednesday evening, Florida Gov. Ron DeSantis (R) laid out a sprawling vision for transforming the federal government and gutting the administrative state. DeSantis described a plan to vastly expand the role of America’s chief executive and tried to distinguish himself from former President Trump by painting himself as a results-oriented leader who cares more about delivering for his constituents than public fanfare and adulation. “Even my worst critics in Florida will acknowledge when I tell people I’m going to do something, I don’t make promises or say I’m going to do something lightly,” DeSantis said when asked how voters can know that he will keep his promises. In his campaign announcement, DeSantis said his administration would make major reforms to public health, immigration, education and bitcoin. “There’s a lot that the executive branch can do, and all I will say when it comes to these agencies [is] … buckle up when I get in there, because the status quo is not acceptable, and we are going to make sure that we reconstitutionalize this government, and these agencies are totally out of control. There’s no accountability, and we are going to bring that in a very big way.” Here’s what DeSantis said about the changes he would undertake across the federal government. Public Health DeSantis took aim at President Biden’s Covid-19 policies and said the health agencies that carried out his agency “need to be cleaned out,” calling for “a major, major overhaul of the whole enchilada with respect to public health in this country.” DeSantis has long touted his response to the pandemic as a national model for balancing economic interests with public health. However, Trump has argued that DeSantis was no better than some Democratic governors in terms of how quickly he shut down swaths of Florida’s economy. First we need an honest reckoning about what happened during COVID, and the only honest reckoning is that all of those agencies, all of the elites, the public health establishment, they failed. They instituted bad policies. Obviously it’s a novel virus, but I think what happened was when the data Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $513,120,316,306 - Hash Rate: 376858753.076624 - Transaction Count: 532373.0 - Unique Addresses: 738629.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Diversifying Company's Treasury with Decentralized Holdings via Bitcoin Toronto, Ontario--(Newsfile Corp. - March 31, 2023) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (" Cypherpunk " or, the "Company "), a sector leader for blockchain, privacy and cryptography focused investments, would like to announce update on the Company's strategy of treasury management. Board Resolution The Board of Cypherpunk Holdings has approved to diversify the company's treasury via decentralized cryptocurrency holdings. As part of its portfolio management strategy, the board has approved to allocate up to 40% of its current Net Assets to Bitcoin. To date the company acquired 69 Bitcoins for a total consideration of CAD $2.58m (USD $1.91m) The average price of Bitcoin was CAD $ 37,416 (USD $27,653). Jon Matonis, Chief Economist of Cypherpunk Holdings commented: "Bitcoin is in a secular bull market as it heads toward its 5th epoch with the halving estimated to occur sometime in early April 2024. However, this cycle also has some surprising tailwinds with Bitcoin beginning to decouple from its recent S&P correlation and establish an independent and powerful safe haven bid." Other Holdings: The Company maintains its other equity investments in Animoca Brands, Chia Networks Inc, ZkSnacks Ltd (dba Wasabi Wallet), NGRAVE, and Samourai Wallet. The company also owns approximately 2500 TH of mining hardware which continues to be operated under contract by MineOn LLC (dba MiningStore). About Cypherpunk Holdings Inc. Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE and GOAT. Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved". Forward-looking information includes, but is not limited to the Company's expectation or belief regarding its investment in shares of Animoca Brand and Animoca Brand's future performance or business. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements. Story continues Officer/Director Contact: Investor Relations Contact: Tony Guoga Chief Executive Officer [email protected] Office: 1-647-946-1300 Veronika Oswald Investor Relations [email protected] Office: 1-647-946-1300 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160812... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Toronto, Ontario--(Newsfile Corp. - May 26, 2023) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") announced today that it had completed several debt settlements and that the Corporation settled an aggregate of $735,343 CAD of secured debt owed to four creditors via the issuance of an aggregate 15,810,432 Common Shares. $652,575 CAD was settled via the issuance of 13,051,500 Common Shares at a price of $0.05 CAD per Common Share. $82,768 CAD was settled via the issuance of 2,758,932 Common Shares at a price of $0.03 CAD per Common Share. The Corporation settled the pricing for the $82,768 on April 4, 2023. The Debt Settlement will assist the Corporation in preserving its cash for working capital and to further advance its AI endeavors. About Bluesky Digital Assets Corp. Bluesky Digital Assets Corp, is building a high value digital enterprise. Bluesky in its startup phase, mined digital currencies such as Bitcoin and Ether and developed value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky has invested appropriate portions of its previous digital currency mining profits back into its operations. A percentage of the profit l was invested in the development of a proprietary Artificial Intelligence ("AI") based Blockchain technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to change, evolve, and scale. For more information please visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com . Please also follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/ . For further information please contact: Mr. Ben Gelfand CEO & Director Bluesky Digital Assets Corp. T: (416) 363-3833 E: [email protected] Story continues Mr. Frank Kordy Secretary & Director Bluesky Digital Assets Corp. T: (647) 466-4037 E: [email protected] Forward-Looking Statements Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor. - 30 - To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167788', 'Toronto, Ontario--(Newsfile Corp. - May 26, 2023) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") announced today that it had completed several debt settlements and that the Corporation settled an aggregate of $735,343 CAD of secured debt owed to four creditors via the issuance of an aggregate 15,810,432 Common Shares. $652,575 CAD was settled via the issuance of 13,051,500 Common Shares at a price of $0.05 CAD per Common Share. $82,768 CAD was settled via the issuance of 2,758,932 Common Shares at a price of $0.03 CAD per Common Share. The Corporation settled the pricing for the $82,768 on April 4, 2023. The Debt Settlement will assist the Corporation in preserving its cash for working capital and to further advance its AI endeavors.\nAbout Bluesky Digital Assets Corp.\nBluesky Digital Assets Corp, is building a high value digital enterprise. Bluesky in its startup phase, mined digital currencies such as Bitcoin and Ether and developed value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky has invested appropriate portions of its previous digital currency mining profits back into its operations. A percentage of the profit l was invested in the development of a proprietary Artificial Intelligence ("AI") based Blockchain technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to change, evolve, and scale.\nFor more information please visit Bluesky at:www.blueskydigitalassets.comorwww.blueskyintel.com.\nPlease also follow us on Linkedin at:www.linkedin.com/company/bluesky-digital-assets/.\nFor further information please contact:\nMr. Ben GelfandCEO & DirectorBluesky Digital Assets Corp.T: (416) 363-3833E:[email protected]\nMr. Frank KordySecretary & DirectorBluesky Digital Assets Corp.T: (647) 466-4037E:[email protected]\nForward-Looking Statements\nInformation set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.\n- 30 -\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/167788', "Participants Clark S. Soucy; IR Director; Canaan Inc. James Jin Cheng; CFO; Canaan Inc. Nangeng Zhang; Chairman & CEO; Canaan Inc. Jiaer Zhu; Research Analyst; China Renaissance Securities (US) Inc., Research Division Jiaji Song Kevin Darryl Dede; MD of Equity Research & Senior Technology Analyst; H.C. Wainwright & Co, LLC, Research Division Michael Frederick Legg; Senior Equity Analyst; The Benchmark Company, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to Canaan's Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we will have a question-and-answer session. Please note that this event is being recorded. Now I would like to hand the conference over to your speaker host today, Mr. Clark Soucy, Investor Relations Director of the company. Please go ahead, Clark. Clark S. Soucy Thank you. Hello, everyone, and welcome to our earnings conference call. The company's financial and operating results were released by Newswire services earlier today and are currently available online. Joining us today are our Chairman and CEO, Mr. Nangeng Zhang; and our CFO, Mr. Jin Cheng James. In addition, Mr. Leo Wang, IR Senior Director; and Ms. Xi Zhang, IR Manager, will also be available during the question-and-answer session. Mr. Zhang will start the call by providing an overview of the company and performance highlights for the quarter. Mr. Cheng will then provide details on the company's operating and financial results for the period before we open the call up for your questions. Before we continue, I would like to refer you to our safe harbor statement in our earnings press release. Today's call will include forward-looking statements. These statements include, but are not limited to, our outlook for the company and statements that estimate or project future results of operations or the performance of the company. These statements speak only as of the date hereof, and the company assumes no obligation to revise any forward-looking statements that may be made in today's press release, call or webcast, except as required by law. These statements do not guarantee future performance and are subject to risks, uncertainties and assumptions. Please refer to the press release and the risk factors and documents we file with the Securities and Exchange Commission, including our most recent annual report on Form 20-F for information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements. In addition, during today's call and webcast, we will discuss both GAAP financial measures and certain non-GAAP financial measures, which we believe are useful as supplemental measures of the company's performance. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP results in our earnings press release, which is posted on the company's website. With that, I will now turn the call over to our Chairman and CEO, Mr. Nangeng Zhang. Please go ahead. Story continues Nangeng Zhang Hello, everyone. I'm Nangeng, the CEO of Canaan. Thank you for joining our conference call. James and I are at the company's headquarters in Singapore, sharing the quarterly report conference call with you. Compared to Q4 of previous year, Q1 of 2023 has brought more hope to become mining industry. Although the Bitcoin price still fluctuates, it has generally stepped out of the bear market as is shown an upward trend. The confidence of miners has gradually recovered and decoupled with the traditional peak season in the first quarter, there are signs of our revival in purchasing demand. Although the purchasing power of large miners is still limited by cash flow phase of facility construction and the financing environment. This has not affected the positive trend of the market. (inaudible), the selling price in the mining machine market is still declining, and the first quarter is still in a bad market state. In this ever-changing market environment, we believe that maintaining strategic continuity and timely adjusting tactical decisions according to market economics are equally important. In other words, we need to keep investing in business and assets that bring long-term value while also carefully handling our company's balance sheet. I would like to introduce to investors the 4 strategic focuses that we have been concentrating on and our actions in this area. First, we insist on long-term R&D and production capacity investment. Second, we continue to develop and improve our market sales system to connect and assist global customers. Third, we have adhered to our own mining strategy, overcome difficulties and continue to expand mining deployment. Finally, we maintain a solid balance sheet and accumulate valuable assets with great potential. I will elaborate on these 4 points one by one. Firstly, we are committed to R&D and production capacity. Product development and capacity assurance remain our major input and investment in the first quarter of 2023. The specific data will be shared by James later. The technology and the product-oriented company, the importance of product powers our industry is self-evident. We always put product development first. As mentioned in the last financial report, our latest generation A13 series Mining Machine was introduced in the industry's winter in late October last year. We insisted on maintaining close cooperation with upstream foundries, max producted in the first quarter and the further improve the yield and the computing power efficiency through technical adjustments and process improvement. Our A13 series has reached and exceeded our product design expectations in terms of yield rate and actual performance. In the first quarter, we have achieved stable supply actual uses by customers, the excellent computing power, power consumption and the quality of A13 series has also been recognized and the shipment of volume has grown rapidly. Whether in a bear market or bull market, we always insist on integration and strive to make the best mining machines. Even when A13 series was not yet much productive and the market was at its most bearish, our new product deployment -- development was always in full swing. We are well aware that the market requires the performance of mainstream products to take a big step forward about every half year, and we must keep up. And the continuous launch of new products opening continued supply chain investments. In the first quarter, our mass production and investment in the supply chain exceeded USD 50 million. I believe that our efforts and resource input will pay off in the subsequent product performance improvement and supply chain stability. Secondly, we are dedicated to developing and enhancing our sales system to reach global customers. The industry we are in is a fast-growing and unpredictable. In each bear full-cycle, the industry and the goals reshuffling, with someone of us leaving and the new ones joining. As mangers continually stick and develop standard chip energy worldwide, transforming listed energy into reusable power, both the identity and location of miners are constantly changing. Starting from the first quarter of this year, we accelerated the construction, development and the improvement of our comprehensive international sales system. Our sales system is now divided into 3 parts: large clients, channels and retail. And it is assisted by online stores and original business development, allowing us to better reach and convert customers worldwide. In the first quarter of 2023, the overall industry was affected by inventory, competition, financing conditions and cash flow. Although sales volume in the mining machine markets showed a slight recovery compared to Q4 of 2022, we still remain in a bear market with a continuous decline in average selling price of computed power. A series of small and medium-sized bank failures in the U.S. late in the quarter also had some impact causing delays in payment and shipment for some orders. These factors resulted in less the IBO sales revenue for this quarter. We achieved total sales of 4.22 million terahashes per second sequential growth of 126.8%, but the total quarterly revenue of RMB 55 million was below our expectations. However, we also see positive aspects. Overall demand from large clients in U.S. fluctuated. Our expanding sales system quickly sees many sales opportunities in other regions. With the total number of purchase orders rising to over 500 in Q1, in the first quarter, we actively developed sales channels in Southeast Asia and established cooperation with local distributors in Thailand and Malaysia for the first time. Our online store targeting overseas retail customers attracted orders from about 20 countries include first-time contracts in several countries such as Greece, Netherlands, Argentina, Brazil, Mexico and the Philippines. As we enter Q2 and the market (inaudible), the intensive and active efforts we implemented in Q1 are starting to show more results. For instance, we recently signed a contract order of 11,000 units of our A13 product with Cipher, a publicly listed institutional mining clients in North America. Before that, the contract we assisted the contract alliance to conducting extensive on-site tests for our products at their mining site in Texas. The client ultimately recognized excellent performance of our A13 series products under relative extreme weather conditions. Recently, we have also signed a series of large-scale contract orders for an additional 36,000 mining machines in other regions, which are expected to be delivered in the section before the end of the fourth quarter of 2023. The recent appearance of these large contract orders across the multiple markets confirm that our business and product strategies are correct. Lastly, the return of contract sales orders will also help us improve our cash flow situation. Thirdly, we speak our mining strategy and continue to expand our mining deployment. Since the company started mining operations in the second half of 2021, we have faced many challenges. Despite this, we have firmly established mining as the strategic priority and the secure place for ourselves in the global -- rapidly developing industry of Bitcoin mining. In the first quarter of 2023, the profitability of mining improved due to recovery of Bitcoin prices and (inaudible) that were forced to shut down in the fourth quarter of 2022 were able to restart operations. This quarter, we produced 476 Bitcoins, contributing a mining revenue of USD 11 million, a slight increase from the previous quarter and a new record high. We are continuously exploring more mining opportunities in different regions and reducing our comprehensive mining operation costs. Even though the total network computing power is still rising, the increase in Bitcoin price and the recent industry events like BRC20 have boosted money income during certain periods. We anticipate that the company's mining income will reach a new high in the second quarter. As of March 31, 2023, we have deployed the computing power of over 5 exahash per second to our mining sites. However, due to severe cold weather and contract execution issues, the total power installed is over 4 exahash per second. This figure is lower than our forecast in the previous quarter's financial report. We will continue to strive to improve our deployment, deploy computational power data with our cash flow and operational capabilities. Lastly, we are dedicated to maintaining a healthy cash flow and accumulating assets with strong growth potential. Canaan has just completed a full decade from this instruction in early 2013 to the first quarter of 2023. We weathered many market ups and downs, and have gained some unique experience in managing our balance sheet. In the first quarter of this year, our prediction about the price of Bitcoin was mostly accurate, but the sales of our mining machines proved to be more difficult. We achieved improvements in sales and the return of contract sales orders in the second quarter, which continued to contribute our revenue and cash flow. This also was noting that the healthy and stable supply chain resources we accumulated over the years have helped us to seize opportunities to mass produce and deliver mining machines at a price of Bitcoin prices. Meanwhile, our Bitcoin assets continue to grow. Once again, we emphasize our strategy of holding Bitcoins. Bitcoins generated from mining are only used to pay for direct operation costs such as electricity. Our self-developed and self-produced mining machine products and the mining power deployed to the mining site are important assets for producing Bitcoin, contains huge growth potential at decent price continue to rise in the medium and long term. In some cases, already deployed mining machines can be restored with warranties. In this brand-new industry, we are making history every day. Even for me, the first quarter of 2023 was a challenging start. The uncertainty in the reality has made our performance left ideal. However, our direction has not divided significantly. Since the second quarter, although the price of Bitcoin has not risen sharply, the company's original results have been more positive, which is the result of the hard work of all Canaan employees. However, we must also see that the current economic environment is not optimistic. The cloud of uncertainty still roams over us and the price of Bitcoin may still continue to fluctuate. At least, in the United States, the financing ability and the processing power of miners in large miners' farms have not yet recovered. Coupled with current situation where industry inventory has not yet been completed or the decision has not yet been completed, both sales prices and the gross profit will continue to be concentrated. Based on the above comprehensive situation, we are extremely cautious about expectations for the second quarter of 2023. The revenue for the second quarter of 2023 is expected to be about USD 72 million. This forecast is based on the current market and operating conditions of the company and actual [statutory measures]. In the final section, I would like to share some new insights on my personal beliefs about decentralization and Bitcoin. We open here thoughts about the utility of Bitcoin. In fact, the use of Bitcoin is complementary in the development of new technologies and this function of a medium of payments and value of storage has never changed. Over the past 10 years, the 2 pieces of power leading to Web3 has been largely completed, namely blockchain-based digital currencies and the smart contract technology. In our last earnings call, someone asked me whether I'm thinking Bitcoin is a risk asset. I spoke more about this question since then. In the short term, Bitcoin indeed shows some characteristics similar to risk assets. But in the medium term, Bitcoin should be seen as a powerful hashing tool against system risk and -- in a region in the current global financing system and even as a tool against global, political and economic uncertainties. This isn't hard to understand. But in the long term, in the new information driving work of Web3, blockchain-based digital currencies are likely to become mainstream applications and have broader prospects. Once I had a long discussion with GPT 4 about the future of AGI becoming mainstream in the world. I'm almost certain that AGI will be the last piece of puzzle of Web3. The final creation of Web3 will be decentralized individually distributed AI system. At that time, digital currency and smart contracts based on blockchain, we will reshape the financing system of the new world on the basis of cost success. Most trustworthy, efficient, transparent, greatly improving the level of productivity and promoting the process of the entire societies. Today, we are a provider of computing power products and services in the blockchain industry. Going forward, I hope to further expand our technology and have opportunity to participate in the broader changes in the future, bringing value to customers with computing power products and services and support the progress of society. This concludes my prepared remarks. Thank you, everyone. I will now turn the call over to our CFO, James. Thank you. James Jin Cheng Thank you, Nangeng, and good day, everyone. This is James speaking in our Singapore headquarters. Firstly, I would like everyone to notice that we have changed our reporting currently. Starting from January 1, 2023, we decided to change our reporting currency from renminbi or so-called Chinese Yen to U.S. dollars. The change of the reporting currency will better illustrate the results of our global sales and is another important step in our internationalization strategy. We have applied the change of reporting currency retroactively to our historical results of operations and financial statements. It will also be easier for our investors to read and analyze our financial reports in 1 currency. As Nangeng started the call with the first quarter of 2023 was challenging due to the revised but still weak market demand and declining selling price. From company perspective, we are committed to maintaining our strategic continuity. We kept investing in R&D and production capacity. We developed and upgraded our sales system to reach global customers, we continued to expand our mining deployment, and we strive to maintain a healthy cash flow and accumulate assets with strong growth potential for our shareholders. Overall speaking, in quarter 1, total revenue generated was USD 55.2 million, which did not meet our guidance of USD 65 million. The gap consisted of approximately USD 6 million in machine sales and USD 4 million in mining business. Let's begin by discussing our machine sales. Our revenue of mining machine sales was USD 43.7 million in this quarter, 7.6% lower than USD 47.3 million for the last quarter. In the first quarter of 2023, the industry was affected by inventory competition, financing environment and cash flow, and the average selling price of computing power continued to decline. We actually increased our sales volume in computing power, reaching 4.2 million terahash per second with a substantial increase of 126.8% compared to Q4 last year. However, the average selling price dropped to $10 per terahash per second as we needed to adjust our prices in line with the overall market for Bitcoin mining machines. Additionally, affected by a series of U.S. bank failure events in mid-March, payments and shipments of some orders have been delayed. After that period, we received more orders and recorded customer advances of USD 8.3 million at the end of March. This laid a good foundation for the machine sales revenue in the second quarter. Our gross profit for mining machine sales was USD 5.2 million and our gross margin rate for mining machine sales was 11.9% in this quarter. Turning to our mining business. Our mining revenue was USD 11 million in this quarter, 3.3% sequential increase compared to USD 10.7 million in quarter 4 last year. It's a new record high. However, this revenue did not meet our expectations. We temporarily shut down the machine at several mining sites during January due to low Bitcoin prices. We believe this was a necessary measure to minimize operating losses. This had an impact on the quarterly mining revenue results. In this quarter, our total deployed hash rates reached more than 5 exahash per second, and our installed hash rates reached more than 4 exahash per second. We mined 476 Bitcoin in this quarter and achieved 19.8 Bitcoin for mining profit. Gross profit was USD 0.2 million for our mining business in this quarter. Please notice here that mining profit or loss is defined as a proportion of mining revenue, deducting costs for energy and hosting in terms of mining revenues without consideration of depreciation. Now talking about our AI business, we recorded USD 0.41 million for AI revenue in this quarter. It is 68.6% increase compared to USD 0.24 million for quarter 4. The sequential revenue growth was mainly driven by the increased sales volume for AIoT customers. Switching to the expense. Our R&D expenses stood at USD 19.1 million in this quarter compared to USD 33.4 million in the last quarter and USD 15.2 million in the prior year period. The quarter-over-quarter decrease was due to the one-off expenditure for our new generation chip incurred in the last quarter. Excluding this one-off expenditure impact, our R&D expenses remained stable sequentially. The steady year-over-year growth reflected our continuing commitment to building our talented R&D team. Our sales and marketing expenses were USD 1.5 million compared to USD 1.1 million in the last quarter and USD 3.0 million in the prior year period. Sales commissions reduced year-over-year because of revenue downsizing. Our general and administrative expenses in this quarter were USD 17.6 million compared to USD 24.6 million in the last quarter and USD 19.8 million in the prior year period. The decrease was mainly due to USD 2.6 million of realized gain on Bitcoin sold in this quarter for electricity costs, which offset our G&A expenses. Please note when we do disposal of Bitcoin, the gain or loss amount booking value will be recorded into G&A. The net result of the foregoing was an operating loss of USD 85.7 million for this quarter, which is 31.4% narrower than the last quarter. The net loss was recorded at USD 84.4 million, which is 8% narrower than the last quarter. It is important for us to keep our eyes on the cash flow. We held cash and cash equivalents of USD 72 million at March 31. As our CEO shared, we committed to securing future production capacity during this quarter. We spent USD 53.9 million to secure wafer supply and machines production. Other cash payments included USD 28.6 million for operations and USD 4.7 million in the tax expenses. Please note that as we paid the year-end bonus in January, the outflow of operation was higher than usual run rate. The cash out totaling USD 87.1 million was net off by inflows of USD 54.8 million from sales and the proceeds of USD 3.1 million by the ATM facility. Turning our attention to our Bitcoin assets. We held 623 Bitcoin as of March 31, decreased from 757 Bitcoins by the end of 2022. First, we mined the 476 Bitcoins in this quarter. In order to reduce the effect of Bitcoin price fluctuation on the profitability of our mining business, we implemented a pre-change plan in this quarter. That is at the beginning of each month, we would exchange Bitcoins to U.S. dollars based on the current price in advance for the monthly electricity costs. This new process eliminated possible risks triggered from significant Bitcoin price fluctuations. In total, we exchanged 699 Bitcoin for the electricity cost in this quarter. This aforementioned resulted in a decline of 134 Bitcoin quarter-over-quarter. It is a onetime change. From March 7, 2023, the date we reported our financial results for the fourth quarter of 2022 to May 25, 2023, we utilized the ATM for a small amount of fundraising to tax the financing facility. During the above period, we sold 1,532,219 ADSs with net proceeds of approximately USD 4.2 million at an average price of USD 2.73 per ADS. We executed the above sales within 10 trading days in March and we did not utilize the ATM after March 31. From March 7, 2023, the date we reported our financial results for the fourth quarter of 2022 to May 25, 2023, we did not purchase any ADS back. In future, we will prioritize our shareholders carefully monitor cash flows and stock prices and practically execute ATM or stock repurchase. In quarter 2, we anticipate the revenue of USD 72 million, a 30% increase from quarter 1. Despite the market's gradual recovery, we have secured some contract sales orders from major clients and distributors. This has bolstered our cash flow and allowed us to invest in strategic areas of focus. However, it is important to note that we operate in a dynamic market with uncertainties. So our estimation reflects our current perspective and understanding of the operation. Now I would like to briefly walk you through our financial results for the quarter. Revenues in the first quarter of 2023 were USD 55.2 million as compared to USD 58.3 million in the fourth quarter of 2022 and the USD 201.8 million in the same period of 2022. Gross loss in the first quarter of 2023 was USD 47.5 million compared to a gross loss of USD 64.1 million in the fourth quarter of 2022 and a gross profit of USD 123.5 million in the same period of 2022. Total operating expenses in the fourth quarter of 2023 were USD 38.1 million compared to USD 60.8 million in the fourth quarter of 2022 and USD 38.0 million in the same period of 2022. Loss from operations in the first quarter of 2023 was USD 85.7 million compared to a loss from operations of USD 125.0 million in the fourth quarter of 2022 and the income from operations of USD 85.4 million in the same period of 2022. Net loss in the first quarter of 2023 was USD 84.4 million compared to a net loss of USD 91.6 million in the fourth quarter of 2022 and a net income of USD 65.1 million in the same period of 2022. Basic and diluted net loss per ADS in the first quarter of 2023 were USD 0.51. As of March 31, 2023, the company had cash and cash equivalents of USD 72.0 million. This concludes our prepared remarks. We are now open for questions. Question and Answer Session Operator (Operator Instructions) Your first question today comes from the line of Kevin Dede from H.C. Wainwright. Kevin Darryl Dede I was wondering if you might be able to offer a self-mining hash rate target for the year, maybe disclose a little bit on what you're seeing in terms of the availability of hosting sites? And then secondly, I was hoping you could share a little bit more geographic information on equipment sales. It's very comforting to see that sales are growing outside of North America. And I was wondering if you might be able to segment sales from Asia, North America and European framework. Nangeng Zhang As we mentioned, as of March 31, the deployed computing power at our mining farms exceeded 5 exahash per second. However, in the first quarter, the install of computing power was lower than expected due to weather conditions and the contract execution issues, resulting in total installed hash rate was over 4 exahash per second. In the second quarter, we entered into a mining partnership with Stronghold in early May, which involved 4,000 mining machines, which is a total capacity of 0.4 exahash per second. At the same time, we are also exploring more mining partnership opportunities in regions with abundant energy resources around the world. Our mining business has expanded into many geographical regions where we had no premise present. The local critical economic and infrastructure conditions in these areas are complex and subject to change, which cause changes to our discoordination and development efforts. This further attacks our team's operational capabilities and ability to adapt to changes. And therefore, we have a more conscious outlook on mining expansion. We currently estimate that the installed mining hash in Q2 will be around 4.5 exahash. This forecast is based on the current operating conditions and the actual situation may be different. Mining is a long-term strategic focus for us, and as it complements our mining machine sales business and allow for the effective utilization of more inventory, we will actively and [pro gently] collaboration of alternatives negotiated terms of cooperation, and strive to continuously increase the stock mining habit to generate Bitcoin mining. James Jin Cheng Yes. I will take the second question from Kevin. It's about the geographical situation of the mining industry. I think the leading market is still United States, but it looks like the inventory no matter new machines or secondhand machines are still quite sufficient inside the whole North America market. So it looks like the more opportunities come from Southeast Asia, Middle East and even South America market. And we noticed some retail customers are ordering machines even from Africa and from Western Europe. I think it depends on the energy of the local-level usage. I think the mining business will grow as we expected to global level and more and more areas will join this mining business. And it will rapidly change because of different locations may have different regulations coming out related to mining. But from our perspective, we would like to seize all kinds of opportunities, especially like in this quarter, we had the connection with Malaysia and Thailand distributor, which enabled us to touch the customers locally in those 2 countries. We will develop more, as CEO said, build up our sales channels to make sure we get in touch with our customers locally. And we also would like to continue the dialogue with big clients in North America. Cipher is just beginning of us. So we have confidence to discuss more customers -- discuss with more customers and let them enjoy the A13 series machines for their mining purpose. So I hope that answers your question, Kevin. Kevin Darryl Dede Yes. So phenomenal. I really appreciate the detail. I hear great things about the A13, but I cannot leave the call without hearing from Nangeng what Bitcoin price is going to be this year. Nangeng Zhang Okay. I think short term, I think that we have no need to do midterm or long-term prediction of Bitcoin. But for short term, I think the Bitcoin price is related to the economical environment, especially for U.S. So I think you know the answer. I think you know the numbers. Yes. I hope that will arise in the second half of this year, [I close my scissors]. Operator Next, we have the line from Jiaji Song from Guosheng Securities. Jiaji Song (foreign language) So I want to ask that please which new deals produce new progress and application scenarios of the company's AI age computing chips? Nangeng Zhang Okay. (foreign language) I recently -- it's an AI industry represented by products like ChatGPT has revealed an important part. The reason -- I think the reason why the AI industry has most evolved as -- developed as expected over the years is not due to AI sales, but rather like many other industries, it is the result of contradiction between the users' expectations for the product capabilities and what the industry can provide at a certain cost. When AI products can truly bring significant benefits to users, then you see the result. So service is very positive. Therefore, I'm currently risk-extracting the company's AI department and business to ensure that our technology and investments can embrace the future of AGI, artificial general intelligence, I mean, word in the short to medium. But in the short-to-medium term, we believe that an important function of AIoT and EDGE AI is to convert real-world like immediate storms and sensor data into text and code or code information that can be understood by large time remodels like ChatGPT. While complex decision-making is not a stress for EDGE AI today. We're the large energy model to excel. Our K230 chip has highly efficient EDGE AI capabilities and advantages in terms of low cost and low power consumption. Therefore, we are adjusting the direction of our product locations to adapt to this trend. In the long run, as I mentioned in the CEO remarks, I will explore ways to horizontally expand our technology and participate in future and broader transformations. We aim to bring value to our customers through more general purpose computing power products and services and support society progress. Jiaji Song (foreign language) Is there any upside to the company's mining business going forward due to the very high transaction fees (inaudible)? Nangeng Zhang Yes, I think according to Satoshi Nakamoto's vision, transaction fees will become an important component for miners' income after (inaudible). It appears that the industry is developing as expected. So recently, due to events like BRC20 on the increase in Bitcoin transaction fees has been beneficial for both miners and our mining business. Situation where the network's total computing power remains constant, miners can earn more mining fees. So we hope that miners and ourselves can improve our financial situation and that our customers can recover their purchasing power more quickly. Jiaji Song (foreign language) Overall, as your company has a growing supply of recording on your balance sheet, what is your strategy for potentially selling them? Nangeng Zhang Currently, we do not have any plans to sell our Bitcoin. And there are several reasons for that. Firstly, our mining operations are still in the early stages of scaling up. So we have been focused on the development. You may notice that we do sell mining Bitcoin to cover our mining facilities, the electricity costs, which helps minimize our cash outflow. Regarding whether we will sell the Bitcoin, we hold to profit from future price appreciation. We have recently heard this question from several investors. We have had many internal discussions on this topic. But due to our belief that Bitcoin is undervalued combined with our long-term confidence in its global adoption, we are currently not considering sales in our Bitcoin in the upcoming quarters. If the price of Bitcoin experienced a significant increase, we will revisit this topic and evaluate. Operator Next up, we have the line from Mike Legg from The Benchmark Company. Michael Frederick Legg Could you comment a little bit about the Cipher 11,000 unit sale plus you mentioned to have about 36,000 units being sold? Can you comment on what you're seeing from a pricing environment with that and how margins are holding up there? James Jin Cheng Thank you, Michael. This is James. I think, yes, recently, we have secured more large scale orders, including the agreement with Cipher, 11,000 machines. I personally joined the meeting with Cipher team in New York and also in Singapore. Honestly, I really like their strategic ambition and their professional execution capability. So I'm happy to consider our A13 series very suitable for their new mining operation in West Texas. I think the deal benefits both Cipher and the Canaan. In terms of the price trend about the whole current price environment, it looks like the customer demand is coming back step by step. It looks like the inventory of the market, no matter new machine or secondhand machines are still quite sufficient, especially in North America. So the price did not come up. Instead, in quarter 1, we saw the price going down. So it looks like currently, the demand is getting back, but the price is still low. It looks like the Bitcoin price continue to increase a little bit with some turbulence recently. But we still anticipate in the coming months, Bitcoin price could be coming up again. With that trend, the selling price has challenged to going up. But currently, nobody can assure that. So I just let you know that, frankly express myself and let you know my thinking. Michael Frederick Legg Just a follow-up. Can you comment on the inventory, which -- how much of it is finished goods versus raw materials chips? And then also, how long do you depreciate your mining equipment for on the core mining site? Nangeng Zhang Currently, I think looking at the overall situation in the mining machine market, customer purchasing demands have partly recovered, and also reflected a significant growth of 126.8% in the company's first quarter computing power sales compared to the previous quarter. However, I think the financial situation of miners is still not optimistic. So the last purchasing power. On the other hand, the market inventory supply is relatively by the selling price mining machines remains at a low level. I think compared to the end of December, we have seen a rebound in the comprise in the past over 1 quarter. This has got better mining profit to miners and help improve their financial situation. So in the industry cycle, some miners have -- and they're going with restructuring and the new miners continue to enter the market, driving the continuous increase in the network computing power. As mining from construction gradually completes and the weather in the northern hemisphere works up, leading to abandoned hydroelectricity resources, it is expected to future stimulate the demand of computing power and provides part of the selling price. Let's see. James Jin Cheng I think, Michael, you asked about the depreciation of our mining machines deployed in the mining farms. Actually, it's 18 months as our depreciation policy. Usually, we -- after 18 months, the order depreciation will be completed. And about the inventory combination, I should say, the finished goods are not that huge inventory, it's less than 50% of the total inventory we put and also some steel wafers and steel chips. And it takes time to assemble those materials in 2 machines. So, so far, we also control the speed of the assembling, make sure the inventory is just sufficient, not too much to increase the storage costs or too small to have shortages. So I think that's our inventory status. I don't know if I answer your question, Michael? Michael Frederick Legg Yes, that was perfect. Operator Our last question comes from the line of Jiaer Zhu from China Renaissance. Jiaer Zhu Coming to A13 series. I just want to know where is the estimated revenue contribution for A13 series product this year? And also in terms of the pricing strategy, do we see any increased room were ASP per test in Q3 or Q4? That's my first question. James Jin Cheng I think this is a very specific question about the A12 and A13 series. We have this transition period to try to clear the inventory of A12 model and also the A13 series after the launch, the customer's bets and also they start to place orders in quarter 1. It looks like the performance of A13 service is better than what we expected. In quarter 1, the total revenue of A13 series is already occupying like 47% of total machine sales revenue. So we have confidence that in quarter 2, A13 series were definitely becoming our biggest revenue source. And for A12 series, I think our target is trying to clear the inventory before end of quarter 3. But of course, as soon as possible, we do have a very low price for A12 currently. About our price strategy in the coming quarters, I think as previously mentioned, the demand currently is still in a weak level. And it looks like we need time to collect the demand back and also getting the price to come back to normal. So I think quarter 3 will be the quarter we see the price going up most likely. We hope -- hopefully it will happen. And we also consider there is a possible increase of A13 series price. But currently, in quarter 2, we didn't do that because the market inventory digestion is still ongoing. So hopefully, in quarter 3 and quarter 4, we can see more positive changes. That's my answer. Jiaer Zhu I have a follow-up because I remember that last quarter call, we mentioned that we expect maybe A13 series will account for 70% to 80% of total revenue in -- for the whole year. So just wondering if this number will improve a little bit given the better performance on A13 series product. James Jin Cheng Yes. Currently, I still think A13 series could be higher than 70% of the total year sales because like in quarter 4, if we -- if our projection about the Bitcoin price is very correct, then in quarter 4, it will become a peak season. At that time, A13 series will have good sales in quarter 4. So during the whole year, I still think A13 series could be 70% to 80% of total sales. And yes, and I think let's hope it happen because the price can even have an upside that will be better. Thank you. Jiaer Zhu Okay. Got you. And my second question is in terms of the mining business revenue contribution. I know that in first quarter, the revenue contribution was to around 20%, right? So just wondering, in a longer-term basis, what's the reasonable revenue mix is? How should we think the reasonable revenue contribution for mining business, maybe in a longer-term consideration? James Jin Cheng Yes, Venis, I think this is a very good question. From a company, we do both machine sales in semiconductor design field and also to mining business. I think from our current view is like our mining revenue is about 20% of the total business. We expect it to remain within the range like 15% to 20% in the future. Of course, we should try our best to expand our deployed machines and increase our hash rate in future. But I think the thing is based on -- we can sell more machines rather than quarter 1. It looks like in quarter 1, machine sales, we are still in the bear market that makes 20% of mining business. And actually, from a long-term perspective, my personal view is that it should be like 20% to 30% in our total business. We are still a company measured in doing -- in manufacturing and design machines. And then the mining business will continue to grow, but we will leave more room to our customers in a modest way. Operator There are no further questions now, I'd like to turn the call back over to the company for any closing remarks. Clark S. Soucy Thank you again, everyone, for joining our call today. If you have any further questions, please feel free to reach out to us through the contact information provided on our website. And thank you again. Operator Thank you. That concludes today's call. Thank you, everyone, for attending. You may now disconnect.", "Participants Clark S. Soucy; IR Director; Canaan Inc. James Jin Cheng; CFO; Canaan Inc. Nangeng Zhang; Chairman & CEO; Canaan Inc. Jiaer Zhu; Research Analyst; China Renaissance Securities (US) Inc., Research Division Jiaji Song Kevin Darryl Dede; MD of Equity Research & Senior Technology Analyst; H.C. Wainwright & Co, LLC, Research Division Michael Frederick Legg; Senior Equity Analyst; The Benchmark Company, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to Canaan's Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we will have a question-and-answer session. Please note that this event is being recorded. Now I would like to hand the conference over to your speaker host today, Mr. Clark Soucy, Investor Relations Director of the company. Please go ahead, Clark. Clark S. Soucy Thank you. Hello, everyone, and welcome to our earnings conference call. The Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,626,457,212 - Hash Rate: 357153720.2360163 - Transaction Count: 471633.0 - Unique Addresses: 672783.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate? Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin. Dalio has soured further on Bitcoin since the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin's status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out. In contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth. Dalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold. One of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold's price has remained relatively stable, providing investors with a more secure option for preserving their wealth. Story continues Another concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In a recent podcast , he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own. As governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin's value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things like volatility and fear in the markets, making it a popular tool for diversification and hedging. Investors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check out Benzinga’s Precious Metals Hub to master the sector and discover the best precious metals trading platforms. Check Out More Precious Metals Articles From Benzinga: Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again 3 Things You’ll Want if Sht Hits the Fan Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . This article Bitcoin vs. Gold: Here's What the Founder of the World's Largest Hedge Fund Would Choose originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/Makeshiftsthename', 'Good Afternoone Regards', 10, '2023-05-27 00:07', 'https://www.reddit.com/r/wallstreetbets/comments/13spyd1/good_afternoone_regards/', "Good Afternoon Fellow Regards\n\nAs expected the news broke that the fed most likely is leaning towards another hike, Yellen stated the real debt deadline isn't the first, and option interest in terms of GEX and DEX are still bullish. What would we expect to see in the upcoming day? \n\nThe market began to rally on the narrative that rates would get paused. If you ever read or heard the speech that John Williams (Federal Reserve chairmen) gave in 2018 you would know that it was a bunch of bs thrown at retail in order for them to eat it up. I am obviously positioned bearishly and have been taking the blunt force of it all stupidly. But I still have faith and hope in that draw down.... there is no real reason for the rally, the only promising narrative is the AI narrative. It has some pros to it and even I use it for work. However, the narrative of how AI will transform the world is stupid if not malicious. They are preying on all of the innocent people believing that a glorified search engine will provide revolutionary work. All while ChatGPT couldn't even tell me what day it was, what it's opinion was, and how to make roaring kitty money from it all. \n\nMaybe, my bearish position is stupid and trust me.... has costed me tens of thousands, but I just don't see the bull market hype. Technicals have been shifting to the point of stupidly bullish but even then would I rather risk taking a long on a glorified search engine or just liquidate my positions and yield the 5% I can from a money market? \n\n\n\nBackground about me: I am one of the original Roaring Kitty viewers and helpers to form the thesis on (stock that cannot be mentioned). Don't believe me? Go rewatch the YouTube videos... I was a btc, eth, tsla, shop, (stock that cannot be mentioned), and many more names that ran up exponentially bull. I am now more of a losing regard since I've lost plenty of it because of a hypothesis I had with NFTs and also my recent big short, but I'm holding true to my thesis and trying to recover from a beating.", 'https://www.reddit.com/r/wallstreetbets/comments/13spyd1/good_afternoone_regards/', '13spyd1', [['u/alohaguy808', 14, '2023-05-27 00:37', 'https://www.reddit.com/r/wallstreetbets/comments/13spyd1/good_afternoone_regards/jlr7sg6/', 'Be patient. Soon this subreddit will be flooded by bulls posting massive losses and wanting advice for getting out of paying the IRS with money they no longer have. Happens every hype cycle.', '13spyd1']]], ['u/ARoyaleWithCheese', 'BitCone should organize a BRC-20 drop (Bitcoin Ordinals)', 16, '2023-05-27 00:36', 'https://www.reddit.com/r/ConeHeads/comments/13sqlvs/bitcone_should_organize_a_brc20_drop_bitcoin/', "Not much to say here, to be honest. Ordinals are all the hot new rage. We're literally called BitCone. Seems like a natural fit. \n\nObviously a lot easier said than done but uhhh, I think we can do it (and by we I mean the people here who are much more competent than I am)\n\nExplanation of what inscriptions/ordinals actually are:* \n> To put it super simply: imagine Bitcoins are dollar bills, like dollar bills, one dollar bill is effectively identical to every other - I don't care which one I get.\n\n> But, the dollars do have some differences. Some dollars were printed earlier than others and all of the dollar bills have serial numbers that show when they were printed. Bitcoin works in a similar way.\n\n> Bitcoin ordinals, or inscriptions, are comparable to writing text directly onto a dollar bill. You've now made that specific dollar bill different from the others and that inscription (the text) will travel together with the dollar bill wherever it goes. Same principle with Bitcoin and inscriptions. Of course, inscriptions aren't limited to just text. You can inscribe up to 4MB into each ordinal and that 4MB can be anything: text, art, an entirely new token or the code to a videogame.", 'https://www.reddit.com/r/ConeHeads/comments/13sqlvs/bitcone_should_organize_a_brc20_drop_bitcoin/', '13sqlvs', [['u/deedopete', 13, '2023-05-27 01:01', 'https://www.reddit.com/r/ConeHeads/comments/13sqlvs/bitcone_should_organize_a_brc20_drop_bitcoin/jlrax42/', 'Heard that Ordinals slow down BTC so I have mixed feelings', '13sqlvs']]], ['u/Niket___', 'Your prediction for next bullrun?', 17, '2023-05-27 00:56', 'https://www.reddit.com/r/LunaClassic/comments/13sr3ol/your_prediction_for_next_bullrun/', "Whenever the next bull run happens after BTC halving of 2024, and the market touches new ATH. What's your prediction for LUNC? At this estimate I'm guessing 150B LUNC would be burned by the time the bull run begins. \n\nWill LUNC get pushed with other coins as well? Will we touch the previous ATH and cross 0.0006 USDT?", 'https://www.reddit.com/r/LunaClassic/comments/13sr3ol/your_prediction_for_next_bullrun/', '13sr3ol', [['u/LeReilly', 13, '2023-05-27 01:00', 'https://www.reddit.com/r/LunaClassic/comments/13sr3ol/your_prediction_for_next_bullrun/jlraqq0/', "Burn doesn't matter, the bullrun doesn't matter, without utility there's no chain/prediction.\n\nYou should focus on upcoming projects and proposals (inside) instead of the macro situation (outsite)", '13sr3ol']]], ['u/marsangelo', 'Irony: We went from tracking Binance’s BUSD wallet to the US Government’s wallet', 72, '2023-05-27 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/', 'Maybe alot of you arent familiar with this, but there was a theory that [Binance was propping up liquidity](https://www.coindesk.com/markets/2023/03/13/binance-will-convert-1b-worth-of-busd-stablecoin-to-bitcoin-ether-bnb-and-other-tokens/?outputType=amp) in the crypto market when volume was waning on almost all metrics. Crypto twitter and on-chain sleuths were tracking movements of the wallet to time their trades and market amidst the “debanking” of crypto when liquidity dried up. \n\nPeople were saying things like “its all a façade time is almost up”. “Binance account getting drained then we nuke”. “Theres nothing organic about this movement its all a sham”.\n\nPivot to whats known as the US Treasury General Account, TGA for short. This is basically the bank account the US Gov uses to pay national debt and pay treasury yields. The Treasury has been propping up this liquidity scam since interest rates started climbing. This account sat at around $1 trillion in 2022 and has been going down ever since yields started inverting. Yesterday it hit $50 billion, but today hit just $38 billion. When Yellen and crew say “early June we will default” they really mean it.\n\nInsert Pam from The Office theyre the same picture meme\n\nIm not exonerating CZ for playing with the market, but the parallels here are pretty spot on. Things that arent ponzis can be ponzi-like, so its best to be objective when assessing how different financial systems operate.', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/', '13sr81d', [['u/Winter_Otter_', 14, '2023-05-27 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrbldr/', 'The more I hear about CZ, the more I find him shady. And he always manage to get away with drama. Not sure if he is legit, or an evil genius.', '13sr81d'], ['u/astockstonk', 11, '2023-05-27 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrc08u/', 'The US: we will just mint a few trillion dollar platinum coins and all will be well', '13sr81d'], ['u/deftaj', 10, '2023-05-27 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrcnqx/', 'Realistically CZ is responsible for the collapse of FTX and a couple others, mainly by dumping his holdings of their tokens. So he’s definitely playing the CEX game of thrones (and winning)', '13sr81d'], ['u/Savik519', 26, '2023-05-27 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlre6pc/', 'US Dollar. The ultimate shitcoin.', '13sr81d'], ['u/pipedreamt7', 17, '2023-05-27 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlrg8jw/', "If FTX hadn't built their castle on sand then CZ wouldn't have been able to wash them away.", '13sr81d'], ['u/Arcosim', 11, '2023-05-27 06:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13sr81d/irony_we_went_from_tracking_binances_busd_wallet/jlse3st/', 'If the US Dollar were a crypto coin it would 100% be classified as a shitcoin: ultra centralized, a single entity can mint it endlessly and the supply doubled in a matter of three years, inflationary, can be falsified.', '13sr81d']]], ['u/krisrosl', 'I got a cheater banned, and then we spoke for 30 minutes.', 826, '2023-05-27 01:38', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/', 'Turns out he actually f’ed up pretty bad.\n\nSo I was playing halo infinite for an hour yesterday and played a cheater for 2 out of 4 games. I checked theatre mode, and it was the really obvious kind where he would instantly lock onto every player that entered his fov and perfect them.\n\nI clipped it, reported him and sent him a message to tell him what an loser he is. He responded with the classic «git good» and «oh, so salty», and we went back and forth for a bit. Then suddenly, about 10 minutes later, he sent me a message that he got banned and invited me to a party.\n\nI joined, and the chat was actually quite civilized. He tried to deny the cheating, but gave up quite fast. He then went on to explain that he’d only done it for a couple of games, just to try it out, even though he had 75% win rate out of his 150 games… yeah right. \n\nThen comes the interesting part. As I work in cyber security, I knew that cheating software is often used to disguise malware. So I asked him, «what did you have to do to run the cheats?». Turns out, he had to do some really worrying stuff to get it working. I wont go into details, but it included downloading a boot loader, running it with admin priveleges, disabling notifications when new software is downloaded or ran, and so on. I told him that with cheats, you either pay a lot of money for it, or you pay with your digital life. He paid something like a few dollars for it…\n\nIf he is lucky, they use his machine for bitcoin mining or as part of a bot net. If he is unlucky, they key logged him, stole his active sessions or encrypt his whole system.\n\nPlease guys. Dont cheat. Even if it’s «just to try it out for one game». Anyways, quite absurd to get to talk to a cheater for half an hour, and also realize that he was actually kind of a nice guy. As we hung up, he was quite worried about his machine, and told me he would reinstall the whole thing asap. Lets hope thats sufficient..\n\nIf you want to learn more about the cheating industry, check out the podcast Darknet diaries, episode 115 - «Player cheater developer spy».', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/', '13ss377', [['u/MauPilled', 43, '2023-05-27 01:51', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrh6m0/', "Infinite is rife with aimbots and wallers. The more the population drops that's all that's left. They're all over. They love BTB variants too not just ranked or swat. Seem some since launch. The report function doesn't do dick. >!Dude probably had some real obvious ones lol.!<", '13ss377'], ['u/TheLocustGeneralRaam', 24, '2023-05-27 01:54', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrhlrb/', 'Is his only course of action now to destroy his computer or is it too late for that? I don’t know really anything about this type of stuff.', '13ss377'], ['u/krisrosl', 42, '2023-05-27 01:57', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrhynj/', 'I actually dont know. As someone has had root access to his machine for a while, he should assume the worst.', '13ss377'], ['u/krisrosl', 25, '2023-05-27 01:59', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlri88i/', 'I think they launched a new report system with season 3. This was my first report with that system, and as I said he was banned and my ticket closed about 10 minutes later. Could also be that someone else reported him, but Im just happy I got a response!', '13ss377'], ['u/MauPilled', 18, '2023-05-27 02:20', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrktpr/', "The cheaters are so damn obvious and in your face when they do get banned they just add a number to their name. Its why f2p games without a proper cheating app are a laugh riot. Guessing dude doesn't have replacement hardware if that's what they're detecting now.", '13ss377'], ['u/ElegantCatastrophe', 319, '2023-05-27 04:06', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlrxdtk/', 'Very interesting. I never knew there was scamming affiliated with cheating software. Hope that guy is okay and makes more considerate decisions in the future.', '13ss377'], ['u/VYSUS7', 14, '2023-05-27 06:41', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsdfai/', 'He would need to reformat the drives, and just to be safe, wipe the CMOs to have effectively an entirely new computer. Huge hassle. All data gone.', '13ss377'], ['u/TacosAndBourbon', 118, '2023-05-27 07:52', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsjff1/', 'Empathic and level headed. Great takeaway', '13ss377'], ['u/Onyx-Leviathan', 304, '2023-05-27 08:11', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlskvdt/', 'I hate cheaters. That guy is lame. The ban is 100% warranted. Cheaters ruin the game. That said:\n\nCheating in a video game and having your computer keyed -> personal info (credit card numbers, etc) stolen and your life potentially ruined is not something to celebrate.\n\nIt should just be a cautionary tale to all who think of cheating.', '13ss377'], ['u/Saucey_Lips', 18, '2023-05-27 08:19', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlslil4/', 'Camomo_10 taught me to never trust and never feel bad for a cheater.', '13ss377'], ['u/TheLocustGeneralRaam', 13, '2023-05-27 08:41', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsn66i/', 'Sounds like a pain. Guess that’s why you shouldn’t download stuff from shady websites.', '13ss377'], ['u/Fullmetal_Hermit', 15, '2023-05-27 09:04', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsoy19/', "If you're willing to lie about cheating in a game, then you're definitely willing to lie about feeling remorse.", '13ss377'], ['u/PapaGex', 39, '2023-05-27 09:07', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlsp536/', 'Remember that if the product is cheap/free, you are the product.', '13ss377'], ['u/Frigid-Kev', 92, '2023-05-27 09:49', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlss56t/', 'I miss the days when cheating was just codes or tricks you get from magazines that either unlocks new characters, secret areas, unlimited power etc...', '13ss377'], ['u/Economy-Pea-5297', 23, '2023-05-27 13:33', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlt83rw/', 'Cheaters are people and sometimes people do stupid things', '13ss377'], ['u/CrazyIvan606', 34, '2023-05-27 14:12', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jltbq5q/', 'While I don\'t wish for his life to collapse like some of the others here, I do believe he could do with some solid "find out" after his "fuck around" phase.', '13ss377'], ['u/ElegantCatastrophe', 11, '2023-05-27 17:52', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlu2dfq/', "Between getting banned and dealing with the possibility his PC might be completely compromised, sounds like he's finding out a couple things.", '13ss377'], ['u/Oddballforlife', 13, '2023-05-27 18:00', 'https://www.reddit.com/r/halo/comments/13ss377/i_got_a_cheater_banned_and_then_we_spoke_for_30/jlu3itk/', 'The back pages of Tips and Tricks magazine being filled with all sorts of cheat codes\n\nWhat a great time to grow up in', '13ss377']]], ['u/okhzmuskhsm', "nChain applied a patent in Australia last month that says BTC is bitcoin and one of the inventors is Craig Wright. Seemingly they don't bother to amend.", 17, '2023-05-27 02:48', 'https://www.reddit.com/r/bsv/comments/13stm7h/nchain_applied_a_patent_in_australia_last_month/', '[https://patents.google.com/patent/AU2023202079A1/](https://patents.google.com/patent/AU2023202079A1/en?inventor=Craig+Steven+Wright&oq=Craig+Steven+Wright+&sort=new)', 'https://www.reddit.com/r/bsv/comments/13stm7h/nchain_applied_a_patent_in_australia_last_month/', '13stm7h', [['u/TuftySylvestris', 11, '2023-05-27 21:19', 'https://www.reddit.com/r/bsv/comments/13stm7h/nchain_applied_a_patent_in_australia_last_month/jluuiod/', 'Arthur and I are already doing this. We’ve filed 3 oppositions so far.', '13stm7h']]], ['u/saylor_moon', 'Whale dumping BCH again', 12, '2023-05-27 03:10', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/', 'This large BCH holder, who has a peculiar habit of only selling during bear markets, just sent another 22K to Binance.\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/3433ypM7tMDw4TRZMm2gH9zHhPzs5A4PHw', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/', '13su2vi', [['u/Glittering_Finish_84', 13, '2023-05-27 04:08', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/jlrxmqq/', 'what is gonna come is gonna come, let’s suck them dry.', '13su2vi'], ['u/EmergentCoding', 10, '2023-05-27 13:38', 'https://www.reddit.com/r/btc/comments/13su2vi/whale_dumping_bch_again/jlt8jf1/', "What doesn't kill you, makes you stronger. BCH FTW", '13su2vi']]], ['u/Dazzling_Lime2021', 'Peter Schiff, despite saying Bitcoin has no value since inception, is now using Bitcoin Ordinals to sell art', 362, '2023-05-27 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/', "No, this isn't April fools or a comedy post, he's really doing it.\n\nAnnouncement tweet:\n\n\n\nhttps://preview.redd.it/e99narmreb2b1.png?width=594&format=png&auto=webp&v=enabled&s=65c6af6e114218bddd83f4343063dcbfa058a3e4\n\nIt's comical to see him do this and I don't understand his logic here. If Bitcoin doesn't offer any value, how could you use it to sell art? When confronted on the reasoning for why he's responded with the idea that it's still a real, original oil painting and may hold it's value over time. There will be 50 total prints signed by him and the artist, each with a corresponding Ordinal. Looks like it's going to be auctioned off in NYC.\n\nWhether he eventually admits it has value in the future or not, it doesn't really matter and Bitcoin doesn't need him. But if you're going to be against it but use the technology that really means you acknowledge it's worth.\n\nPrevious tweet from 2021:\n\n\n\nhttps://preview.redd.it/xjxfy397gb2b1.png?width=750&format=png&auto=webp&v=enabled&s=4cc393de996f83f87ec1e9700e1ec27d894ef339", 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/', '13su8sl', [['u/CryptoIsThePlan', 54, '2023-05-27 03:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrs0o9/', 'Dude is a fucking donut and a walking contradiction. Of course he is using Ordinals.', '13su8sl'], ['u/Napoleon_246', 85, '2023-05-27 03:23', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrsh9d/', "He's making money off of Bitcoin in the background, always has been.", '13su8sl'], ['u/Puking_In_Disgust', 16, '2023-05-27 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlruf28/', 'He’s started very slowly and sheepishly backpedaling on crypto ever since he realized blockchain tech can be used to sell shares of tokenized gold backed by his company lol the first time I heard him talk about this it was hilarious how he didn’t realize how hard he was contradicting himself. \n\nSounded like a full blown BTC maxi talking about the need of an worldwide means of sending value that isn’t centralized under the control of the government. I could swear I’d heard him have more criticism of blockchain tech in general but it turns out his only problem was literally just that he hadn’t found a way to make money off it yet. \n\nWouldn’t be surprised if in a few years he has a company issuing tokenized gold on the blockchain, with the ability to buy and sell gold for BTC and vice versa, so at the end of the day, he’s (technically) holding too.', '13su8sl'], ['u/InsaneMcFries', 13, '2023-05-27 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlruu5i/', 'Certainly not an ethtrader donut, or maybe now he is.', '13su8sl'], ['u/Kappatalizable', 12, '2023-05-27 03:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlrvfkz/', 'Or he realized he probably could use it to make some money. What a greedy hypocritical piece of crap', '13su8sl'], ['u/MaeronTargaryen', 32, '2023-05-27 06:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlsbdsn/', 'Just like some banks have their CEO publicly criticize crypto whilst investing at the same time', '13su8sl'], ['u/deathbyfish13', 18, '2023-05-27 08:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13su8sl/peter_schiff_despite_saying_bitcoin_has_no_value/jlskopd/', "They're playing both sides, so they always come out on top", '13su8sl']]], ['u/DarthBen_in_Chicago', 'Swan is making major changes to their platform.', 63, '2023-05-27 03:43', 'https://www.reddit.com/r/Bitcoin/comments/13suqts/swan_is_making_major_changes_to_their_platform/', 'Access in all US states; on-chain validation of bitcoin; new custody and bank partners (update your direct deposit)!', 'https://i.redd.it/qe3yx8nhlb2b1.jpg', '13suqts', [['u/lbuprofenAddict', 11, '2023-05-27 04:42', 'https://www.reddit.com/r/Bitcoin/comments/13suqts/swan_is_making_major_changes_to_their_platform/jls1gnk/', 'Yay NY! Coinbase has been nice, but cheaper withdraws and especially auto-sending to my cold wallet has me sold. Hate when my DCA hits and i got to go into Coinbase, see the charts and how much it was bought for when sending it to my cold wallet', '13suqts'], ['u/dylan6091', 11, '2023-05-27 07:22', 'https://www.reddit.com/r/Bitcoin/comments/13suqts/swan_is_making_major_changes_to_their_platform/jlsh054/', 'Annoying to be sure, but you can tell they believe in the message. For me, authenticity is a prerequisit to trust.', '13suqts']]], ['u/JamMaster420', "Don't worry!", 74, '2023-05-27 05:45', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/', "The price will eventually rise. Remember the next Bitcoin halving is in 2024. I bought 10miliion today. You heard the shiba lady, this thing is gonna pump so hard youll be begging it to slow down. But it's just getting started baby. Hold on tight cause once that wallet thing happens with the shiba land thing and shibarium we are golden. Lambo city", 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/', '13sx440', [['u/Icy-Night-4363', 15, '2023-05-27 12:35', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/jlt3gzu/', 'Grabbing my box of Crayola to snack on while I watch', '13sx440'], ['u/notserpssor', 10, '2023-05-27 14:35', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/jltdwbf/', 'well if the Shiba lady says 😂 ..I think she has some cool-aid for sale also', '13sx440'], ['u/WTFrashelle', 17, '2023-05-27 16:51', 'https://www.reddit.com/r/SHIBArmy/comments/13sx440/dont_worry/jltu0ii/', 'I’m glad to see someone else mentioning the BTC block reward halving. \n\nIt’s arguably the most important event in the near future for any crypto.', '13sx440']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, May 27, 2023', 33, '2023-05-27 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/', '13sxdvx', [['u/delgrey', 16, '2023-05-27 07:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jlsh80e/', 'bitcoin blockchain==timechain', '13sxdvx'], ['u/[deleted]', 22, '2023-05-27 14:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltdbp0/', 'It is insane how dead this sub and crypto in general is right now. We are truly just repeating the last cycle.', '13sxdvx'], ['u/Essexal', 11, '2023-05-27 14:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltdpyz/', 'I don’t think I’ve ever been happier?? \n\nIf trading and green/red bars is your life, I feel sorry for you. \n\nI’ve been there, life is too short. \n\nGo do whatever makes you feel happy.', '13sxdvx'], ['u/pignmud', 10, '2023-05-27 14:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltdutd/', 'Can’t remember who posted buying in at $25861 but I copied x 20 and it filled few days ago by a whisper :)', '13sxdvx'], ['u/[deleted]', 14, '2023-05-27 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltg907/', 'Decided to not wait and just do my dca. Specifically, because the amount I had puts me exactly over a nice milestone. Might have been better to wait for the long weekend dump, but I’m going to cook out, drink in the pool, and enjoy. Happy weekend fellas, happy Memorial Day, stack those corns.', '13sxdvx'], ['u/NLNico', 13, '2023-05-27 16:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13sxdvx/daily_discussion_saturday_may_27_2023/jltocff/', '> Debt limit negotiations bw House GOP-WH continued til 230am.\n> \n> - Still trying to get an agreement on a handful of outstanding items\n> - Goal is to announce deal today and then have bill text ready. Then will need to whip votes\n> - Deal is “hours or days away,” McHenry says this AM\n\nhttps://twitter.com/mkraju/status/1662451927416725511\n\nAssuming debt ceiling deal is bullish, I wonder if we could have a bit of an edge longing if the news comes out over the weekend. Mostly because tradfi and correlation bots are off. (obv no real news now yet though.)', '13sxdvx']]], ['u/WillingnessNice3033', 'Dad joined this crypto WhatsApp group offering calls called coinasendency.com', 10, '2023-05-27 07:39', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/', "Dad joined this WhatsApp group. They appear to have 'users'. They have to go to this site [https://coinascendancy.com/wap/](https://coinascendancy.com/wap/), deposit money and then make calls as per the messages in the group on Bitcoin. If they want to withdraw it, they will transfer the coins to his Binance account where he can get back cash. \n\nI smelled a scam right when I saw the website. He did initially make a profit and was able to withdraw the amount as well. Later on, things took a turn, and there were losses as well and currently is at the same amount he invested. i.e. no loss, no gain.\n\nIs this common? I want to know for sure. How are they faking the users in the WhatsApp group?", 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/', '13sz5yf', [['u/vitaminxzy', 22, '2023-05-27 08:08', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlskpj7/', 'It\'s a !crypto scam, he was able to get a little out to get him to trust the platform but ultimately they can alter and change the site to show "gains" but it\'s all fake. Any money sent to the scam site is gone and if he tries to get it out they hit him with tax or fee excuses etc. The WhatsApp group are scammers pretending to be users. It\'s all lies.\n\nYou can use whois site to see the domain info, it was only created last week!\nDomain: coinascendancy.com\n\nRegistrar: NameCheap, Inc.\n\nRegistered On: 2023-05-17\n\nExpires On: 2024-05-17\n\nUpdated On: 2023-05-17\n\nPlease watch out for !recovery scammers that say they can help you and your dad get his money back. They can\'t and will try to get money from you. Scammers lurk here.', '13sz5yf'], ['u/vitaminxzy', 15, '2023-05-27 08:14', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsl5hu/', "Would show him the domain info, it was only created last week. Scam sites like these are always being created then thrown away after scamming people.\n\nShow him this thread or others in the sub regarding crypto scam sites and how they work.\n\nDefinitely tell him to stop all contact and don't invest or send any more money to this fake site.", '13sz5yf'], ['u/Mediocre_Airport_576', 16, '2023-05-27 08:21', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlslnzi/', 'Ask him if he would entrust his 401k to an infant child. \n\nThat\'s what "investing" in a 9-day-old website is like -- or at least something he might understand.', '13sz5yf'], ['u/xcaliblur2', 10, '2023-05-27 08:28', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsm85t/', "All the numbers are made up. The site is faked. They sent back a small amount at the start to entice your dad to invest much bigger sums of money. It's a very common scam tactic.", '13sz5yf'], ['u/Mediocre_Airport_576', 10, '2023-05-27 08:41', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsn6x6/', 'For sure... good luck. He may lose all of his money if this continues.', '13sz5yf'], ['u/thewindinthewillows', 14, '2023-05-27 09:04', 'https://www.reddit.com/r/Scams/comments/13sz5yf/dad_joined_this_crypto_whatsapp_group_offering/jlsowcq/', 'Then, at this point, your priority should be to protect everyone else.\n\nDo not lend him money. Make sure that anyone in your family he might ask for a loan knows not to give him one. Warn anyone who might share an account with him. And so on.', '13sz5yf']]], ['u/jsveyfjc', 'Anyone else annoyed with the Ordinals? They just clog the main coin instead of allowing it to be the store of value.', 58, '2023-05-27 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/', "Many other coins are having this function already and are better suited for that. BTC was not designed to do such a thing from a start and is has difficulties to make it efficiently.\n\nFrom time to time I was using it to make some transactions, because it's so easily accepted and I don't have to pay for changing it into different coins. Now with costly transaction fees, I'm not doing it anymore. Have to keep separate stack of other coins, which are more volatile, just for transactions. It's dumb. If they ever wanted to introduce it, they should at least start with lowering the fees, otherwise it's just another unusable for average coin. Ordinals are nothing more than a stunt to make BTC even more dominant, without any need for that. BTC is awesome with it's main function, they should let is stay like this. \n\nNow we will just have more scams on the main network, more wrong attention and for what? It might as well be the beginning of a disaster if enough scams occur. Greed won over the reason again, but what else can we assume in this community?", 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/', '13szgmx', [['u/KAX1107', 11, '2023-05-27 08:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlsoay5/', 'You can\'t "clog" the chain. You\'re probably talking about mempool. Mempool is not the chain and there\'s no global mempool. It\'s a waiting room individually managed by each node. If you don\'t want to pay the priority fee to get immediate confirmation, then you can pay lower fee and wait. You can also later bump the fee if you no longer want to wait. I\'ve been making 50+ Lightning transactions a week and stacking sats on my Lightning node. Fee spikes haven\'t affected me at all. Over the long term when we have trustless 2WP, base layer will be almost exclusively for batched settlements and large value settlements.\n\nInscribing valuable artefacts may have some value but I personally see no value in ordinals. It\'s just a reboot of something called colored coins which was being done in 2012. Everything from tokens to collectibles first came from bitcoin long before hordes of degens came along. You can\'t control how other people behave or what they find value in. People have been made so desperate by the fiat ponzi that they\'re down to gamble on literally anything for a chance to get rich quick. When you have willing gamblers, people will create stupid casinos. The best play is not to participate.\n\nAn important suggestion I would make is avoid using any exchange that tries to exploit users by overcharging "network fee". The current fee rate is 24 sat/vB (85 cents). Binance overcharges by 30x despite batching withdrawals and doesn\'t support Lightning withdrawals. Whereas Kraken has free Lightning withdrawals, Swan has free on-chain withdrawals and in Europe, 21bitcoin app charges a flat rate of just 1000 sats for on-chain withdrawals since they batch transactions. So switch to one of those exchanges or go P2P with [Bisq](https://bisq.network/), [Robosats](https://learn.robosats.com/), [Peach](https://peachbitcoin.com/) or [HodlHodl](https://hodlhodl.com/). I wish more people would learn the value of censorship resistant, no-KYC, P2P fiat ramps before your government forces you to adopt them by shuttering KYC ramps.', '13szgmx'], ['u/DrakharD', 28, '2023-05-27 09:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlspf85/', "You should check bitcoin maxis view on them. I agree they are pointless and not in a spirit of Bitcoin goal.\n\nHowever that's the thing with decentralized chain and permissionless chain.\n\nEveryone's free to do their own thing on it.", '13szgmx'], ['u/untouch10', 11, '2023-05-27 10:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlsurpd/', 'It shouldnt cost 20 dollar to sent some bitcoin this is a problem', '13szgmx'], ['u/FalloutAssasin', 22, '2023-05-27 12:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13szgmx/anyone_else_annoyed_with_the_ordinals_they_just/jlt1dz3/', "I don't think Bitcoin should be restricted to be just a 'store of value'. If stuff like ordinals can break Bitcoin, just let it. Then we'll know if Bitcoin can be broken or not. Stress tests are always welcome and necessary if this thing is meant to be an open protocol for everyone in the world to use.", '13szgmx']]], ['u/rBitcoinMod', 'Daily Discussion, May 27, 2023', 21, '2023-05-27 08:03', 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13s4zpm/daily_discussion_may_26_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/', '13szkij', [['u/Romsel87', 12, '2023-05-27 08:50', 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/jlsnvt8/', 'Work hard, stack hard 🌽', '13szkij'], ['u/escodelrio', 10, '2023-05-27 15:13', 'https://www.reddit.com/r/Bitcoin/comments/13szkij/daily_discussion_may_27_2023/jlthwvm/', "Historical Bitcoin prices for today, May 27th:\r \n\r \n2023 - $26,722\r \n2022 - $28,601\r \n2021 - $38,417\r \n2020 - $9,199\r \n2019 - $8,760\r \n2018 - $7,367\r \n2017 - $2,052\r \n2016 - $474\r \n2015 - $237\r \n2014 - $570\r \n2013 - $130\r \n2012 - $5.1\r \n2011 - $8.5\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/27/2023 is $9,112.10.", '13szkij']]], ['u/CrypTudach', 'Where do you guys buy your non-KYC bitcoin?', 18, '2023-05-27 10:14', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/', "I usually bought them on HodlHodl but for some reason people were putting its price on 29k€ when market price is 24'7k€ (not considering in person or cash deposit methods). I'd like to try Robosats but im pretty new to Lighting. Just got my Blixt account (not even funded yet) but will only have outbound liquidity. So, where do you buy your btc?", 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/', '13t1q8q', [['u/DouglasFeeldro', 10, '2023-05-27 10:19', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/jlsu77d/', 'Robosats seems to be the go to', '13t1q8q'], ['u/mcrech', 18, '2023-05-27 10:23', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/jlsuiri/', 'Also make sure to have a look at Bisq.', '13t1q8q'], ['u/KAX1107', 10, '2023-05-27 14:00', 'https://www.reddit.com/r/Bitcoin/comments/13t1q8q/where_do_you_guys_buy_your_nonkyc_bitcoin/jltalpq/', '[Bisq](https://bisq.network/), [Robosats](https://learn.robosats.com/), [Peach](https://peachbitcoin.com/), [HodlHodl](https://hodlhodl.com/)', '13t1q8q']]], ['u/PaintTraditional2252', 'My 2 year old daughter calls pound coins "Bitcoin" should I be concerned?', 12, '2023-05-27 11:15', 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/', "It's all I talk about around my kids and wife.", 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/', '13t2p4t', [['u/5n0wday', 16, '2023-05-27 11:26', 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/jlsyr57/', 'Correct her that it\'s "$hitcoin" not bitcoin. Got a teach em right', '13t2p4t'], ['u/PaintTraditional2252', 12, '2023-05-27 11:28', 'https://www.reddit.com/r/Bitcoin/comments/13t2p4t/my_2_year_old_daughter_calls_pound_coins_bitcoin/jlsyv1b/', "This is why I'm concerned.", '13t2p4t']]], ['u/wallywot', 'Old Man Star - AAR (Snuff/Wallymarts perspective)', 102, '2023-05-27 15:35', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/', 'Anure and Wallymarts exited their plane in Schiphol. It was the same as every year in Snuffed out. Hy Wanto Destroyer paid for everyone to come out so that timezones were not an issue. We were asked to take PTO during this time, but for those that could not, Hy was generous enough to supplement their income. Luckily for Hy Wanto, Anure had Social Security and Medicade, so him coming was the cheapest.\n\nA quick taxi to the Snuffed House, in complete silence, and soon they were inside.\n\nOnce inside, they were taken away by finely dressed dwarfs with incredible moustaches. One of the dwarfs had a peculiar nametag "Hi my name is Jet 1X". Anure and Wally quickly paid him his nickel, and as he left Anure whispered "I fucking knew it"\n\nThe 1X Dwarf led us to the main room. Reminiscent of a Bitcoin farm, it was a large rectangular room, computers whirred and many desks were already occupied. While walking through the Aisles, name tags were noticed.\n\n"Fucking great wally, i have to sit next to this moron" - Anure complained, pointing at the Yonis name plate.\n\n"yeah i know, didnt he ruin that Cyno Vigil, by shooting ships all day there? god hes annoying" Wallymarts replied.\n\nWallymarts sat down and with immidate glee realized he sat next to none other than NoNo. They dabbled in light foreplay then quickly the room fell silent.\n\nThe lights began to dim and a low rumbling began. Small lasers danced across the room and a low fog emerged.\n\n"Shut up, everybody shut up"\n\nIt was none other than Tau AD. The omnipotent farmer of lowsec. Behind him a herd of chickens pecked and prodded at everyone as he walked the Aisles.\n\n"This week... we fight what we love the most.... WANGS" - Screamed Tau AD.\n\nThe mega Cubiclefarm erupted in Chaos. We began reinforcing Citadels and being fed like kings. This went on for DAYS. Untill we arrive at todays story, the Story of 300 vs 1,000.\n\n[https://br.evetools.org/br/6471824e8b5c6e4d0bab3357](https://br.evetools.org/br/6471824e8b5c6e4d0bab3357)\n\n"MAX IDIOTS LOG IN" - The speakers in our beds violently chanted. The only way to silence this was to walk to the door and use feet auth on the scanners.\n\nThere was no time to get fully dressed, and 100 snuff members ran the halls like a homoerotic hogwarts, our feet making slapping noises as we got to our chairs.\n\nOnce settled, we already had our characters logged in and where they needed to be. Vrye was up all night ensuring we would be ok.\n\nOnce we landed in Old Man Star, we noticed 15 booshers on d-scan, and took appropriate measures. We renamed our ships "BOOSH VERT" and we waited.\n\nEnemy cyno went up, the entire alliance of Sedition showed up. 14 TFI, 4 Tempest, 4 exeqs, 2 augs, 1 Guardian and a punisher. Soon, another cyno went up and it was the rest of the groups attempting to help. 90 Tempest fleet issues were on d-scan towards their cyno. Snuffed had 63... but we knew we were stronger, more agile and cunning.\n\nThe fight commenced as the blob of battleships and their initial fax landed at 20. Penif was the first to perish. As he died his chair ejected him into our lobby. Ready to catch him were our Dwarf servants, JET1X and Mongrel. They scurried and dropped him off at the next set up chairs at a table called "reship now"\n\nWhile the heavy battleship brawl started, it became apparent that they had far more than we did, and their wing of ewar ships were tipping the balance too far. Quickly we deleted ewar ships and brought in a second wave of Fax. As the Fax landed, multiple BS erupted in flames. Snuffed out was taking heavy losses from not only the enemy fleet, but the fortizar was putting the pain in.\n\nAs we couldnt break subs, the call to drop a handful of revs was made to delete FAX. Once the dreads came in and fax were targetted, a second cyno went up. A counter drop of dreads. This is when Tau began to laugh madily and linked an Imgur in fleet while saying "Fellas... they are going to lose a lot of dreads, look at who helped them fit and use them"\n\n[https://imgur.com/a/GVbATNp](https://imgur.com/a/GVbATNp)\n\nThe halls erupted in laughter. Chossuh is a well known spod brain. We laughed and drank wine, then proceeded to drop more dreads into this fight. Our dread numbers were immense. We began by counter dropping the counter drop with an armada of Rev Navies. Within minutes the first counter drop was evaporated. A much larger response was initiated and we countered with 30 Zirnitras dropped at range. As this happened a lone voice chimed into everyones heads as his angelic voice filled the air.\n\n"Friends... My Zirn, Brawl Bodar, has bounced into the enemy Armada... I shant lose a second one. All fax, ignore Subs, this is a battle for Dreads. I am currently yellowboxed by the entirety of the enemy fleet, all reps to Brawl Bodar" - Wallymarts commanded.\n\nAs he gazed at his screen, listening to Dread primaries, everything yellow turned to red. He sipped on his drink as his shield disappeared instantly. He saw 2 of the 6 fax locking him up, as they were the only ones in range. Wallymarts took all of the drugs he could for his Dread pilot and followed primaries while never going into siege. Armor began dipping to 70%, then instantly to 20%... He watched as his Fax alt Overheated everything and armor began to climb.... While climbing, he kept watching primaries evaporate... All these poor souls led by Chossuh\'s lack of knowledge. Dread after Dread perished as it tried to kill a Snuff Dread. As Wallymarts watched, the Zirnitra began to grow Traps above its arms, with every dread that perished before him they grew more massive... They continued this assault, and his armor continued to climb....\n\nAnother Cyno up, more enemy dreads. At this point the enemy combined fleet fed an impressive amount of dreads trying to kill the one Zirnitra that bumped. As they switched off of him, some enemy dreads jumped out.\n\nAll subs refit to points and Tau called in the Supers. The idea was to clean up the remaining dreads, forcing the subs off field. Our one disadvantage was the Subcap brawl. While we were doing great work with Dreads, our Subs were dying. More Fax were brought in to assist, but the sheer firepower of the Leshak+TFI fleet was quickly overwhelming.\n\nSupers did their thing for a bit, killing many dreads. Our subs swarmed enemy subs, trying to keep them from moving so that anti cap dreads at 100 could clean them up. Once the realization that the TFI\'s were useless, Tau called an immidiate reship to Carriers. Some TFI got out. of the 63, 39 died. Supers were saved by the handful of Devoters by brave men that stayed behind with overheated webs/neuts/jams. An Erebus and Aeon were the last 2 supers to get out.\n\nWhat happened next was a flood of Carriers. Cyno went up and 107 carriers were dropped. Subs began to evaporate. The enemy forces seemed to be steadily reshipping, and were able to kill a couple carriers under fax reps, but Snuffed Out members are always ready for this, and have 3 of every cap. Once you died, you reshipped and came back. The fight went on for an impressive amount of time. Multiple citadels were killed.\n\nWith the Isk war and the Objective war won, Tau AD ordered the fight over. Once safely back into Raka 5, all members of Snuff present at the home were chauffeured into the ball room. Waiting inside were over one hundred massage chairs with a little bowl near the crotch. We were ordered to undress and servants were brought in to towel bathe us. We sat there listening to soft music, drinking more wine and getting our bodies fully prepared for the next big operation. Nuke Michael handed out "USTZ Fights best Fights" T-shirts and the Chairs shape shifted into huge diesel trucks with American flags and took all the dumb euros hostage and live in his basement now.\n\nThank god Chossuh has zero clue about dread fittings or how to fight. He actually believes dual tanked Nags are the answer.', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/', '13t7nxz', [['u/MintonBenidal', 13, '2023-05-27 15:46', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jltlp7a/', 'Damn, someone tried to tell me Chossuh was smart once. Then I looked at his corps stats over the last 3 years.', '13t7nxz'], ['u/Garric_Shadowbane', 28, '2023-05-27 16:07', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jlto9ic/', '10/10 AAR… everyone hates that fucking guy Yonis', '13t7nxz'], ['u/JaeCryme', 21, '2023-05-27 16:24', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jltqihf/', 'Lol… Have you been writing this since the battle ended?', '13t7nxz'], ['u/wallywot', 31, '2023-05-27 16:39', 'https://www.reddit.com/r/Eve/comments/13t7nxz/old_man_star_aar_snuffwallymarts_perspective/jltsfxe/', 'Nope, I woke up to pings saying "wally where AAR", so i made my daughter a bottle, fed her while typing this on... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022.\n• Insider spoke to four crypto experts on what\'s next for bitcoin in 2023.\n• One blockchain exec said bitcoin can\'t hit a record high until US inflation is under control.\nAfter a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market\'s total value sits well above the $1 trillion mark.\nThe industry has seemingly gotten back on its feet since the downfall of Sam Bankman-Fried\'s FTX in November, along with a slew of other industry bankruptcies including centralized lender Celsius, brokerage Voyager Digital, and hedge fund Three Arrows Capital earlier in the year.\nWhile it can be hard to predict bitcoin\'s moves, experts told Insider there are a few things to watch for this year to get a sense of where the world\'s largest cryptocurrency is headed.\nFirst, bitcoin can\'t claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, perMessari.\n"However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider. "Couple this with a bunch of other unsavory macro factors — such as inflation — many investors would rather remain on the sidelines."\n"This is contributing to the mostly sideways price action we\'ve been experiencing," Ho added.\nA key technical event for Bitcoin\'s network, the halving, could push the token\'s price up significantly though. Although the halving is estimated to occur in April of 2024, Ho says bitcoin may go on a tear leading up to the event.\n"Bitcoin halvings are significant because they slash the production of new bitcoins on the network by half," Ho said. "This curtails the supply of freshly minted coins, thus leading to a price increase if the demand persists."\n"Litecoin, which is due for its halving this year, is up around 90% since its lows in Q3, 2022," Ho said. "Therefore, if we take that as a guide, it is possible that we could see a similar 90% move from Bitcoin\'s Q3, 2023 price, which would give a rough target of about $60,000."\nJagdeep Sidhu, president of Syscoin Foundation, expressed similar optimism around the halving.\n"While we\'ve weathered some storms recently, the resilience of the crypto ecosystem remains evident. From the ashes of FTX, the market has rebounded, demonstrating its inherent capacity to absorb shocks and evolve," Sidhu told Insider.\n"As we approach the next Bitcoin halving and crypto dominance looks set to peak, we\'re on the cusp of exciting developments in the crypto world."\nIf inflation cools in the US and there\'s regulatory clarity around digital assets, another crypto exec told Insider that bitcoin could hit $38,000 by year-end, a 41% increase from its current trading level.\n"My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year."\n"The short to medium term driver is still inflation, and specifically US inflation. I think core inflation has been pretty sticky but will continue to decline in the US, leading the Fed to pause for the rest of the year," Shan added.\nDavid Uhryniak, who works on ecosystem development at blockchain infrastructure provider TRON, is confident that bitcoin will finish the year "significantly higher" and could close out 2023 at over $35,000.\n"Right now, smart traders are waiting for greater validation as to which way bitcoin and the rest of the market will move next before committing serious money," Uhryniak told Insider. "By Q4, much of the uncertainty that\'s clouded the market all year should have abated. Things like concerns over the Mt. Gox coins being liquidated or the US government selling its stockpile of BTC confiscated from black markets."\nRead the original article onBusiness Insider', '• Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022.\n• Insider spoke to four crypto experts on what\'s next for bitcoin in 2023.\n• One blockchain exec said bitcoin can\'t hit a record high until US inflation is under control.\nAfter a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market\'s total value sits well above the $1 trillion mark.\nThe industry has seemingly gotten back on its feet since the downfall of Sam Bankman-Fried\'s FTX in November, along with a slew of other industry bankruptcies including centralized lender Celsius, brokerage Voyager Digital, and hedge fund Three Arrows Capital earlier in the year.\nWhile it can be hard to predict bitcoin\'s moves, experts told Insider there are a few things to watch for this year to get a sense of where the world\'s largest cryptocurrency is headed.\nFirst, bitcoin can\'t claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, perMessari.\n"However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider. "Couple this with a bunch of other unsavory macro factors — such as inflation — many investors would rather remain on the sidelines."\n"This is contributing to the mostly sideways price action we\'ve been experiencing," Ho added.\nA key technical event for Bitcoin\'s network, the halving, could push the token\'s price up significantly though. Although the halving is estimated to occur in April of 2024, Ho says bitcoin may go on a tear leading up to the event.\n"Bitcoin halvings are significant because they slash the production of new bitcoins on the network by half," Ho said. "This curtails the supply of freshly minted coins, thus leading to a price increase if the demand persists."\n"Litecoin, which is due for its halving this year, is up around 90% since its lows in Q3, 2022," Ho said. "Therefore, if we take that as a guide, it is possible that we could see a similar 90% move from Bitcoin\'s Q3, 2023 price, which would give a rough target of about $60,000."\nJagdeep Sidhu, president of Syscoin Foundation, expressed similar optimism around the halving.\n"While we\'ve weathered some storms recently, the resilience of the crypto ecosystem remains evident. From the ashes of FTX, the market has rebounded, demonstrating its inherent capacity to absorb shocks and evolve," Sidhu told Insider.\n"As we approach the next Bitcoin halving and crypto dominance looks set to peak, we\'re on the cusp of exciting developments in the crypto world."\nIf inflation cools in the US and there\'s regulatory clarity around digital assets, another crypto exec told Insider that bitcoin could hit $38,000 by year-end, a 41% increase from its current trading level.\n"My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year."\n"The short to medium term driver is still inflation, and specifically US inflation. I think core inflation has been pretty sticky but will continue to decline in the US, leading the Fed to pause for the rest of the year," Shan added.\nDavid Uhryniak, who works on ecosystem development at blockchain infrastructure provider TRON, is confident that bitcoin will finish the year "significantly higher" and could close out 2023 at over $35,000.\n"Right now, smart traders are waiting for greater validation as to which way bitcoin and the rest of the market will move next before committing serious money," Uhryniak told Insider. "By Q4, much of the uncertainty that\'s clouded the market all year should have abated. Things like concerns over the Mt. Gox coins being liquidated or the US government selling its stockpile of BTC confiscated from black markets."\nRead the original article onBusiness Insider', 'One exec told Insider that bitcoin can\'t hit a record high until US inflation is under control. Yuichiro Chino/Getty Images Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022. Insider spoke to four crypto experts on what\'s next for bitcoin in 2023. One blockchain exec said bitcoin can\'t hit a record high until US inflation is under control. After a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market\'s total value sits well above the $1 trillion mark. The industry has seemingly gotten back on its feet since the downfall of Sam Bankman-Fried\'s FTX in November, along with a slew of other industry bankruptcies including centralized lender Celsius, brokerage Voyager Digital, and hedge fund Three Arrows Capital earlier in the year. While it can be hard to predict bitcoin\'s moves, experts told Insider there are a few things to watch for this year to get a sense of where the world\'s largest cryptocurrency is headed. First, bitcoin can\'t claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, per Messari. "However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider. "Couple this with a bunch of other unsavory macro factors — such as inflation — many investors would rather remain on the sidelines." "This is contributing to the mostly sideways price action we\'ve been experiencing," Ho added. A key technical event for Bitcoin\'s network, the halving, could push the token\'s price up significantly though. Although the halving is estimated to occur in April of 2024, Ho says bitcoin may go on a tear leading up to the event. "Bitcoin halvings are significant because they slash the production of new bitcoins on the network by half," Ho said. "This curtails the supply of freshly minted coins, thus leading to a price increase if the demand persists." Story continues "Litecoin, which is due for its halving this year, is up around 90% since its lows in Q3, 2022," Ho said. "Therefore, if we take that as a guide, it is possible that we could see a similar 90% move from Bitcoin\'s Q3, 2023 price, which would give a rough target of about $60,000." Jagdeep Sidhu, president of Syscoin Foundation, expressed similar optimism around the halving. "While we\'ve weathered some storms recently, the resilience of the crypto ecosystem remains evident. From the ashes of FTX, the market has rebounded, demonstrating its inherent capacity to absorb shocks and evolve," Sidhu told Insider. "As we approach the next Bitcoin halving and crypto dominance looks set to peak, we\'re on the cusp of exciting developments in the crypto world." If inflation cools in the US and there\'s regulatory clarity around digital assets, another crypto exec told Insider that bitcoin could hit $38,000 by year-end, a 41% increase from its current trading level. "My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year." "The short to medium term driver is still inflation, and specifically US inflation. I think core inflation has been pretty sticky but will continue to decline in the US, leading the Fed to pause for the rest of the year," Shan added. David Uhryniak, who works on ecosystem development at blockchain infrastructure provider TRON, is confident that bitcoin will finish the year "significantly higher" and could close out 2023 at over $35,000. "Right now, smart traders are waiting for greater validation as to which way bitcoin and the rest of the market will move next before committing serious money," Uhryniak told Insider. "By Q4, much of the uncertainty that\'s clouded the market all year should have abated. Things like concerns over the Mt. Gox coins being liquidated or the US government selling its stockpile of BTC confiscated from black markets." Read the original article on Business Insider', 'A slow news cycle resulted in thefourth consecutive weekof flat prices in the crypto markets. Crypto Twitter was similarly sedate throughout the week, although marketsbriefly panicked on Mondaywhen a machine-generated mockup of an explosion at the Pentagon went viral.\nThat day, HuffPost Senior Editor Andy Campbell showed his followers how fake news slips through people’s nets.\nCoinbase shared a one-minute video of its CEO Brian Armstrong explaining the importance of regulating crypto sensibly before all the innovation is driven offshore.\nCoinbase recently announced aglobal expansion drive, acquired a license to operate in Bermuda and used the license to open aninternational exchangeoffering Bitcoin and Ethereum perpetual futures.\nThese maneuvers come at a time when U.S. regulators are hounding the industry with enforcement actions instead of offering guidance or new rules, which are desperately needed, according to industry players.\nA coalition of FTX users who have banded together “to get more than whole AND build asafer, better exchangefor all” on Monday tweeted the timetable towards FTX’s relaunch.\nBasketball legend Shaquille O’ Neale had a tough week after getting served with two different lawsuitson the same daywhile he was broadcasting during an NBA game. Web3 lawyer Ariel Givner shared her thoughts about the complaint pertaining to Shaq’s NFT project Astrals. The other complaint is about hispromotional workfor FTX.\nOn Wednesday, Binance CEO Changpeng Zhao said there were bullish signs coming from China that day.\nMeanwhile, Zhao’s exchange reiterated its commitment to help U.S. authorities take down North Korean cyber criminals.\nCoinbase’s Chief Legal Officer Paul Grewal that day tweeted about the legal challenge to U.S. sanctions against crypto transaction privacy tool Tornado Cash. He was impressed by the plaintiff’s arguments and summarized them in a thread.\nOpenAI CEO Sam Altman was in Germany on Thursday having productive discussions about AI regulation.\nGemini co-founder Cameron Winklevoss was doing the same in Ireland.', "A slow news cycle resulted in the fourth consecutive week of flat prices in the crypto markets. Crypto Twitter was similarly sedate throughout the week, although markets briefly panicked on Monday when a machine-generated mockup of an explosion at the Pentagon went viral. An AI image of an explosion near the Pentagon caused the market to sell off violently for a few minutes before it was debunked and removed. Run it back. pic.twitter.com/xP82HCBmys — K A L E O (@CryptoKaleo) May 22, 2023 That day, HuffPost Senior Editor Andy Campbell showed his followers how fake news slips through people’s nets. Prime example of the dangers in the pay-to-verify system: This account, which tweeted a (very likely AI-generated) photo of a (fake) story about an explosion at the Pentagon, looks at first glance like a legit Bloomberg news feed. pic.twitter.com/SThErCln0p — Andy Campbell (@AndyBCampbell) May 22, 2023 Coinbase shared a one-minute video of its CEO Brian Armstrong explaining the importance of regulating crypto sensibly before all the innovation is driven offshore. This week, DC will see a new TV campaign that explains how crypto moves America forward and why it’s the most important technology we have to create more economic freedom. It’s time to update the system. Crypto can help. Learn more at https://t.co/6Hf1DAqeIV pic.twitter.com/hmAQuNiA34 — Coinbase 🛡️ (@coinbase) May 22, 2023 Coinbase recently announced a global expansion drive , acquired a license to operate in Bermuda and used the license to open an international exchange offering Bitcoin and Ethereum perpetual futures. Story continues These maneuvers come at a time when U.S. regulators are hounding the industry with enforcement actions instead of offering guidance or new rules, which are desperately needed, according to industry players. A coalition of FTX users who have banded together “to get more than whole AND build a safer, better exchange for all” on Monday tweeted the timetable towards FTX’s relaunch. FTX CEO John Ray III confirms FTX 2.0 plans. pic.twitter.com/FeCXOvdrt0 — FTX 2.0 Coalition (@AFTXcreditor) May 22, 2023 Basketball legend Shaquille O’ Neale had a tough week after getting served with two different lawsuits on the same day while he was broadcasting during an NBA game. Web3 lawyer Ariel Givner shared her thoughts about the complaint pertaining to Shaq’s NFT project Astrals. The other complaint is about his promotional work for FTX. Shaq got sued today in a class action lawsuit for his Astrals NFT. Why? Plaintiffs claim the Astrals tokens and NFTs (allegedly Shaq’s “brainchild”) were unregistered securities. It’s truly never a dull day in crypto land. — Ariel Givner, Esq. (@GivnerAriel) May 24, 2023 On Wednesday, Binance CEO Changpeng Zhao said there were bullish signs coming from China that day. CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs. Not saying past predicts the future. And not financial advice. https://t.co/2wcArnPI93 — CZ 🔶 Binance (@cz_binance) May 24, 2023 Meanwhile, Zhao’s exchange reiterated its commitment to help U.S. authorities take down North Korean cyber criminals. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners and the Binance Investigations team for their unwavering commitment to combating crime worldwide. — Binance (@binance) May 24, 2023 Coinbase’s Chief Legal Officer Paul Grewal that day tweeted about the legal challenge to U.S. sanctions against crypto transaction privacy tool Tornado Cash. He was impressed by the plaintiff’s arguments and summarized them in a thread. Argument #1: These sanctions depend on assuming that anyone who happens to hold a digital token (TORN) is a member of a legally-recognized entity called “Tornado Cash.” That’s novel as a legal theory, and it’s wrong as a factual matter. 3/7 — paulgrewal.eth (@iampaulgrewal) May 24, 2023 OpenAI CEO Sam Altman was in Germany on Thursday having productive discussions about AI regulation. had a great meeting with Chancellor Scholz this morning and a fun talk at TUM this afternoon, and finally enjoying a quiet moment in a beautiful city pic.twitter.com/1jV1X0bswr — Sam Altman (@sama) May 25, 2023 Gemini co-founder Cameron Winklevoss was doing the same in Ireland. Awesome meeting this morning with @LeoVaradkar , the Prime Minister of Ireland. We talked about the profound promise of crypto and the importance of common sense regulation to realize that promise. We believe MiCA is that common sense regulation. We also announced that @Gemini has… pic.twitter.com/Iv3NmPTmju — Cameron Winklevoss (@cameron) May 25, 2023", "Los Angeles, California --News Direct-- Bitcoin Weekly In the rapidly evolving world of digital currencies, meme coins have carved a significant niche for themselves. This week's top trending meme coins are Pepe Coin, Rick Coin, Dogecoin, and Shiba Inu. Each meme coin possesses unique characteristics and compelling backstories that could shape its future in the crypto market. So, let's delve deeper and unearth the potential these meme coins hold. Rick Coin (RICK) Rick Coin , an upcoming meme coin, is catching the crypto community's attention due to its significant potential. Rick Coin is being recognized for its growth prospects as its native token of GalaxyTrade.io. GalaxyTrade, whose beta version is already live, offers an advanced trading platform that is set to support all major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), popular meme coins like Dogecoin and Shiba Inu, Forex currencies such as USD and EUR, and even metals like Gold and Silver. Users will have the opportunity to trade with up to 100X leverage. GalaxyTrade's intuitive interface is designed to facilitate easy access to real-time chart monitoring, zero-slippage trades, and position tracking. This robust offering has already begun to attract both seasoned traders and those new to the crypto market. Furthermore, the platform's array of advanced order types, including market, limit, stop, and reduce-only orders, empower users with practical tools to manage risk/reward dynamics in their active positions. With Rick Coin at its core, GalaxyTrade is set to revolutionize cryptocurrency trading. Moreover, Rick Coin holders can provide liquidity in USDT or BNB, enabling them to back trader profits while receiving losses plus a share of protocol fees. By participating in this pooling system, they stand to earn real yield directly in the underlying asset they deposit. While staking allows holders to stake Rick Coin to earn a share of protocol fees. These include fees paid on order submission and pool deposits and withdrawals. It is a testament to Rick Coin's potential that GalaxyTrade, with its user-friendly interface and array of innovative features, has chosen it as the platform's native token. Story continues Pepe Coin (PEPE) The meme cryptocurrency sphere has a new star player - Pepe Coin (PEPE). Named after the internet meme Pepe Frog, the token has shot to prominence within just a month of its inception in April 2023. PEPE's market cap has already touched $1 billion, and it has caught the attention of major cryptocurrency exchanges, indicating a leap toward mainstream adoption. Kraken's addition of PEPE as its latest futures contract and Bitfinex's recent announcement to list PEPE underscores the growing popularity of PEPE. These developments could position PEPE as a competitor to established meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). The coin's recent trading activity is a testament to its growing clout. Despite some resistance, the PEPE price remained steady above the trendline of the triangle pattern. This movement suggests a bullish reversal could drive the price to $0.00000170, with a possible hurdle at $0.0000015. Despite its swift rise to a market cap of $1.75 billion from an initial market cap of $100,000, PEPE experienced a significant dip, currently hovering at around $573 million. Yet, the token's rapid rise in a short period underscores its potential and reflects the influence of meme culture in the crypto market . Shiba Inu (SHIB) Shiba Inu ( SHIB ) stands out this week, drawing attention with a significant uptick in on-chain activity and a significant rise in its market cap. Over the past week, Shiba Inu saw a dramatic 76.25% increase in new address creation, reflecting a growing interest in this meme coin. The range of transaction sizes also saw a significant jump, with those between $10.00 and $100.00 increasing by 46.36% and those ranging from $100.00 to $1k surging by 41.66%. Shiba Inu's price data further emphasizes its bullish trend. Shiba Inu hit a 52-week high of $0.000016 on August 14, 2022, and its market cap reached a record $10.01 billion, underscoring its massive appeal. SHIB has experienced a modest 24-hour price increase of 0.95%, reinforcing its growth trajectory. Adding to Shiba Inu's appeal is a recent buzz around the Shiba Inu Shibarium testnet. As of this writing, testnet had processed a whopping 13 million transactions and was swiftly closing in on the 14 million mark. This significant volume showcases the robust infrastructure of the Shiba Inu platform and its capacity to handle high-volume traffic. Moreover, Testnet is also contributing to Shiba Inu's growing network activity. Over 15 million wallets are now connected to Shiba Inu Shibarium's testnet. The all-time high of SHIB stands at $0.000074, recorded on October 29, 2021, a figure that coin aspires to revisit. Given its current momentum, such a target might be manageable. Dogecoin (DOGE) Dogecoin (DOGE), a pioneer of meme coins, is reclaiming the limelight. Despite recent price swings, this innovative cryptocurrency is showing signs of a promising upward shift, indicating potential bullish momentum. With its market capitalization standing at an impressive $10 billion and a trading volume of $200 million, Dogecoin is making its presence felt in cryptocurrency. These figures underscore significant investor interest and active trading in DOGE, a testament to its rising popularity. Following the launch of new meme coins on its platform, Dogecoin's transaction numbers have skyrocketed, reaching unprecedented highs. Dogecoin's daily transactions experienced a phenomenal 6,900% increase from 20,000 to 1.4 million within 30 days. This surge even outpaces Bitcoin's average daily transaction count of 532,000, illustrating Dogecoin's burgeoning appeal and potential to compete with Bitcoin. Moreover, the daily transaction value coursing through Dogecoin's network is approximately $400 million, contrasting with Bitcoin's $3.4 billion. This metric underlines Dogecoin's expanding influence in the crypto market. On-chain data points to a significant uptick in large-scale or 'whale' transactions on the Dogecoin network. DOGE transactions exceeding $100,000 have surged by over 150% in the past days, mirroring the broader market's return to a profitable state. These meme coins are more than just a product of internet culture; they have evolved into valuable assets with substantial market capitalization, widespread adoption, and solid community backing. Whether it's Pepe Coin's potential to compete with established coins, Rick Coin's integration, Dogecoin's chart patterns, or Shiba Inu's network activity, these coins are shaking up the crypto scene. As we move forward, it's clear that these meme coins will continue to play a significant role in the cryptocurrency market's dynamism and diversity. Disclaimer: This article is for informational purposes only. Meme coins are particularly volatile, and investing in cryptocurrency involves a significant risk of loss. Contact Details Bitcoin Weekly [email protected] View source version on newsdirect.com: https://newsdirect.com/news/top-trending-meme-coins-this-week-pepe-coin-shiba-inu-rick-coin-and-dogecoin-775604693", "Los Angeles, California --News Direct-- Bitcoin Weekly In the rapidly evolving world of digital currencies, meme coins have carved a significant niche for themselves. This week's top trending meme coins are Pepe Coin, Rick Coin, Dogecoin, and Shiba Inu. Each meme coin possesses unique characteristics and compelling backstories that could shape its future in the crypto market. So, let's delve deeper and unearth the potential these meme coins hold. Rick Coin (RICK) Rick Coin , an upcoming meme coin, is catching the crypto community's attention due to its significant potential. Rick Coin is being recognized for its growth prospects as its native token of GalaxyTrade.io. GalaxyTrade, whose beta version is already live, offers an advanced trading platform that is set to support all major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), popular meme coins like Dogecoin and Shiba Inu, Forex currencies such as USD and EUR, and even metals like Gold and Silver. Users will have the opportunity to trade with up to 100X leverage. GalaxyTrade's intuitive interface is designed to facilitate easy access to real-time chart monitoring, zero-slippage trades, and position tracking. This robust offering has already begun to attract both seasoned traders and those new to the crypto market. Furthermore, the platform's array of advanced order types, including market, limit, stop, and reduce-only orders, empower users with practical tools to manage risk/reward dynamics in their active positions. With Rick Coin at its core, GalaxyTrade is set to revolutionize cryptocurrency trading. Moreover, Rick Coin holders can provide liquidity in USDT or BNB, enabling them to back trader profits while receiving losses plus a share of protocol fees. By participating in this pooling system, they stand to earn real yield directly in the underlying asset they deposit. While staking allows holders to stake Rick Coin to earn a share of protocol fees. These include fees paid on order submission and pool deposits and withdrawals. It is a testament to Rick Coin's potential that GalaxyTrade, with its user-friendly interface and array of innovative features, has chosen it as the platform's native token. Story continues Pepe Coin (PEPE) The meme cryptocurrency sphere has a new star player - Pepe Coin (PEPE). Named after the internet meme Pepe Frog, the token has shot to prominence within just a month of its inception in April 2023. PEPE's market cap has already touched $1 billion, and it has caught the attention of major cryptocurrency exchanges, indicating a leap toward mainstream adoption. Kraken's addition of PEPE as its latest futures contract and Bitfinex's recent announcement to list PEPE underscores the growing popularity of PEPE. These developments could position PEPE as a competitor to established meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). The coin's recent trading activity is a testament to its growing clout. Despite some resistance, the PEPE price remained steady above the trendline of the triangle pattern. This movement suggests a bullish reversal could drive the price to $0.00000170, with a possible hurdle at $0.0000015. Despite its swift rise to a market cap of $1.75 billion from an initial market cap of $100,000, PEPE experienced a significant dip, currently hovering at around $573 million. Yet, the token's rapid rise in a short period underscores its potential and reflects the influence of meme culture in the crypto market . Shiba Inu (SHIB) Shiba Inu ( SHIB ) stands out this week, drawing attention with a significant uptick in on-chain activity and a significant rise in its market cap. Over the past week, Shiba Inu saw a dramatic 76.25% increase in new address creation, reflecting a growing interest in this meme coin. The range of transaction sizes also saw a significant jump, with those between $10.00 and $100.00 increasing by 46.36% and those ranging from $100.00 to $1k surging by 41.66%. Shiba Inu's price data further emphasizes its bullish trend. Shiba Inu hit a 52-week high of $0.000016 on August 14, 2022, and its market cap reached a record $10.01 billion, underscoring its massive appeal. SHIB has experienced a modest 24-hour price increase of 0.95%, reinforcing its growth trajectory. Adding to Shiba Inu's appeal is a recent buzz around the Shiba Inu Shibarium testnet. As of this writing, testnet had processed a whopping 13 million transactions and was swiftly closing in on the 14 million mark. This significant volume showcases the robust infrastructure of the Shiba Inu platform and its capacity to handle high-volume traffic. Moreover, Testnet is also contributing to Shiba Inu's growing network activity. Over 15 million wallets are now connected to Shiba Inu Shibarium's testnet. The all-time high of SHIB stands at $0.000074, recorded on October 29, 2021, a figure that coin aspires to revisit. Given its current momentum, such a target might be manageable. Dogecoin (DOGE) Dogecoin (DOGE), a pioneer of meme coins, is reclaiming the limelight. Despite recent price swings, this innovative cryptocurrency is showing signs of a promising upward shift, indicating potential bullish momentum. With its market capitalization standing at an impressive $10 billion and a trading volume of $200 million, Dogecoin is making its presence felt in cryptocurrency. These figures underscore significant investor interest and active trading in DOGE, a testament to its rising popularity. Following the launch of new meme coins on its platform, Dogecoin's transaction numbers have skyrocketed, reaching unprecedented highs. Dogecoin's daily transactions experienced a phenomenal 6,900% increase from 20,000 to 1.4 million within 30 days. This surge even outpaces Bitcoin's average daily transaction count of 532,000, illustrating Dogecoin's burgeoning appeal and potential to compete with Bitcoin. Moreover, the daily transaction value coursing through Dogecoin's network is approximately $400 million, contrasting with Bitcoin's $3.4 billion. This metric underlines Dogecoin's expanding influence in the crypto market. On-chain data points to a significant uptick in large-scale or 'whale' transactions on the Dogecoin network. DOGE transactions exceeding $100,000 have surged by over 150% in the past days, mirroring the broader market's return to a profitable state. These meme coins are more than just a product of internet culture; they have evolved into valuable assets with substantial market capitalization, widespread adoption, and solid community backing. Whether it's Pepe Coin's potential to compete with established coins, Rick Coin's integration, Dogecoin's chart patterns, or Shiba Inu's network activity, these coins are shaking up the crypto scene. As we move forward, it's clear that these meme coins will continue to play a significant role in the cryptocurrency market's dynamism and diversity. Disclaimer: This article is for informational purposes only. Meme coins are particularly volatile, and investing in cryptocurrency involves a significant risk of loss. Contact Details Bitcoin Weekly [email protected] View source version on newsdirect.com: https://newsdirect.com/news/top-trending-meme-coins-this-week-pepe-coin-shiba-inu-rick-coin-and-dogecoin-775604693", 'Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history.\nRepublican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America’s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per theAssociated Press.\n“Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,” Biden said on Twitter on Saturday. “Over the next day, our negotiating teams will finalize legislative text.”\nMeanwhile, Bitcoin had climbed 2.9% over the past day to around $27,500, according toCoinGecko. Ethereum was up 1.4% to around $1,850 as well, as both coins posted gains of 2.5% over the past week.\nSome altcoins, including Cardano and Solana, outpaced those gains, rising 3.4% and 5.2%, respectively, according to CoinGecko. The only top-20-coin by market capitalization in the red was Tron’s TRX, down 0.4% to $0.076 over the past day. But Tron still hada good weekoverall.\nOn Twitter, cryptocurrency trader @Rager attributed the increase in Bitcoin’s price to the parting clouds on Capitol Hill. “Thanks for the weekend pump, White House,” he wrote.\nThe stakes are high as America’s coffers begin to run dry, Treasury Secretary Janet Yellenwarnedweeks ago, explaining that the U.S. would be shaken by an “economic catastrophe” if Washington failed to raise the debt ceiling in time.\nThe disagreement between Democrats and Republicans has dragged on for weeks as the country quickly approaches what the White House has described as America’s “X-date,” the point at which the government can no longer meet its debt obligations. That day could come as early as June 1,accordingto Yellen.\nOn May 8, Yellen acknowledged there was a “big gap” between Republicans and the president on raising the debt ceiling. Onesticking point, according to Biden, was “wealthy tax cheats and crypto traders” that he said shouldn’t be protected under a deal.\nBased on media reports, it was unclear whether Republicans had agreed to certain measures on the debt ceiling bill that would impact crypto investors. McCarthy told reporters on Sunday that the compromise “doesn’t get everything everybody wanted,” according to theAssociated Press.\nAnalysts toldDecryptlast week that a default was unlikely, citing previous debt-ceiling debacles that ended in last-minute deals like in 2011. But, counterintuitively, several experts saidcrypto prices could slideas investors flee to safe-haven assets like the dollar during periods of market stress.\nAs June 1 looms, it remains unclear whether Washington can pull it together in time or what impact a last-minute deal could have on markets. But, for the time being, it appears crypto markets are pricing in some faith on the bipartisan front.', 'Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history.\nRepublican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America’s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per theAssociated Press.\n“Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,” Biden said on Twitter on Saturday. “Over the next day, our negotiating teams will finalize legislative text.”\nMeanwhile, Bitcoin had climbed 2.9% over the past day to around $27,500, according toCoinGecko. Ethereum was up 1.4% to around $1,850 as well, as both coins posted gains of 2.5% over the past week.\nSome altcoins, including Cardano and Solana, outpaced those gains, rising 3.4% and 5.2%, respectively, according to CoinGecko. The only top-20-coin by market capitalization in the red was Tron’s TRX, down 0.4% to $0.076 over the past day. But Tron still hada good weekoverall.\nOn Twitter, cryptocurrency trader @Rager attributed the increase in Bitcoin’s price to the parting clouds on Capitol Hill. “Thanks for the weekend pump, White House,” he wrote.\nThe stakes are high as America’s coffers begin to run dry, Treasury Secretary Janet Yellenwarnedweeks ago, explaining that the U.S. would be shaken by an “economic catastrophe” if Washington failed to raise the debt ceiling in time.\nThe disagreement between Democrats and Republicans has dragged on for weeks as the country quickly approaches what the White House has described as America’s “X-date,” the point at which the government can no longer meet its debt obligations. That day could come as early as June 1,accordingto Yellen.\nOn May 8, Yellen acknowledged there was a “big gap” between Republicans and the president on raising the debt ceiling. Onesticking point, according to Biden, was “wealthy tax cheats and crypto traders” that he said shouldn’t be protected under a deal.\nBased on media reports, it was unclear whether Republicans had agreed to certain measures on the debt ceiling bill that would impact crypto investors. McCarthy told reporters on Sunday that the compromise “doesn’t get everything everybody wanted,” according to theAssociated Press.\nAnalysts toldDecryptlast week that a default was unlikely, citing previous debt-ceiling debacles that ended in last-minute deals like in 2011. But, counterintuitively, several experts saidcrypto prices could slideas investors flee to safe-haven assets like the dollar during periods of market stress.\nAs June 1 looms, it remains unclear whether Washington can pull it together in time or what impact a last-minute deal could have on markets. But, for the time being, it appears crypto markets are pricing in some faith on the bipartisan front.', 'Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history. Republican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America\x92s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per the Associated Press . \x93Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,\x94 Biden said on Twitter on Saturday. \x93Over the next day, our negotiating teams will finalize legislative text.\x94 Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle. It is an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone. And, the agreement protects my and\x85 \x97 President Biden (@POTUS) May 28, 2023 Meanwhile, Bitcoin had climbed 2.9% over the past day to around $27,500, according to CoinGecko . Ethereum was up 1.4% to around $1,850 as well, as both coins posted gains of 2.5% over the past week. Some altcoins, including Cardano and Solana, outpaced those gains, rising 3.4% and 5.2%, respectively, according to CoinGecko. The only top-20-coin by market capitalization in the red was Tron\x92s TRX, down 0.4% to $0.076 over the past day. But Tron still had a good week overall. On Twitter, cryptocurrency trader @Rager attributed the increase in Bitcoin\x92s price to the parting clouds on Capitol Hill. \x93Thanks for the weekend pump, White House,\x94 he wrote. Thanks for the weekend pump White House $BTC pic.twitter.com/sQlv1LvKsD \x97 Rager (@Rager) May 28, 2023 The stakes are high as America\x92s coffers begin to run dry, Treasury Secretary Janet Yellen warned weeks ago, explaining that the U.S. would be shaken by an \x93economic catastrophe\x94 if Washington failed to raise the debt ceiling in time. Story continues The disagreement between Democrats and Republicans has dragged on for weeks as the country quickly approaches what the White House has described as America\x92s \x93 X-date ,\x94 the point at which the government can no longer meet its debt obligations. That day could come as early as June 1, according to Yellen. On May 8, Yellen acknowledged there was a \x93big gap\x94 between Republicans and the president on raising the debt ceiling. One sticking point , according to Biden, was \x93 wealthy tax cheats and crypto traders \x94 that he said shouldn\x92t be protected under a deal. Based on media reports, it was unclear whether Republicans had agreed to certain measures on the debt ceiling bill that would impact crypto investors. McCarthy told reporters on Sunday that the compromise \x93doesn\x92t get everything everybody wanted,\x94 according to the Associated Press . Analysts told Decrypt last week that a default was unlikely, citing previous debt-ceiling debacles that ended in last-minute deals like in 2011. But, counterintuitively, several experts said crypto prices could slide as investors flee to safe-haven assets like the dollar during periods of market stress. As June 1 looms, it remains unclear whether Washington can pull it together in time or what impact a last-minute deal could have on markets. But, for the time being, it appears crypto markets are pricing in some faith on the bipartisan front.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $526,943,966,162 - Hash Rate: 394100656.8121559 - Transaction Count: 496158.0 - Unique Addresses: 647993.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin prices slid on Friday morning in Asia to below US$27,000 amid concerns about shrinking liquidity and congestion on the network that are driving up transaction costs. Ether fell below support at US$1,800 as all top 10 non-stablecoin cryptocurrencies retreated. Polygon’s Matic led the losers. U.S. equity futures edged up as economic data on Thursday indicated inflation is slowing, raising optimism the Federal Reserve may halt its interest rate hikes in June. See related article:Bitcoin network buckles under weight of BRC-20’s runaway success Bitcoin slid 2.13% to US$26,974 in the 24 hours to 08:30 a.m. in Hong Kong, according toCoinMarketCap data, losing 6.63% for the week. The world’s largest cryptocurrency fell to US$26,781 at one stage on Thursday, the lowest price since March 28. Congestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning, over six times higher than the number on May 9. That was when theBRC-20 token standardwas introduced to allow the minting of fungible tokens on the Bitcoin network and generated a surge in activity, according to data from blockchain researcherJochen Hoenicke. The jump in transaction volumes has raised concerns among Bitcoin developers. Luke Dashjr, a Bitcoin code contributor,emailedthe Bitcoin developer community on Monday to suggest blocking the transactions of BRC-20 tokens, which “threaten the smooth and normal use of the Bitcoin network as a peer-to-peer digital currency.” Bitcoin’s drop also comes amid rising concerns about liquidity. Jane Street Group and Jump Crypto, two of the world’s leading market makers, are reportedly quitting digital asset trading in the U.S., according to aBloombergreport on Wednesday. Ether fell 2.34% to US$1,795, posting a weekly loss of 4.45%. The token dropped to US$1,774 on early Friday, the lowest price since April 3. The Beacon Chain of the Ethereum Network brieflystopped validating transactionson early Friday morning, with Ethereum developerstweetinglater that the outage had been resolved and the cause still under investigation. All other top 10 non-stablecoin cryptocurrencies traded lower. Polygon’s Matic token led the losers, dropping 3.75% to US$0.8406 and retreating 14.45% for the week. The token logged a low of US$0.8332 earlier today, the lowest price since January 8, 2023. The total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion. The total trading volume dropped 17.87% to US$37.67 billion. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.42% to 3,394.50 in the 24 hours to 10:30 a.m. in Hong Kong, down 7.14% for the week. NFT sales on the Ethereum blockchain fell 47.62% in the past 24 hours to US$17.65 million, as the hype for Millady Maker NFT collection faded. Sales of Millady Maker dropped 86.53% to US$1.01 million, according to data fromCryptoSlam. NFT trading is slowing due to the recent memecoin hype, with very few new users entering the space, according to Eric Dettman, NFT advisor at CryptoSlam. NFT buyers on the Ethereum blockchain totaled 45,298 in the past seven days, a drop of 72.97%. Memecoins are also losing steam. The price of Ordi, the memecoin that accounts for more than 60% of the total market cap of BRC-20 tokens, has slid 31.43% in the past 24 hours, according to blockchain data trackerBRC-20.io. U.S. stock futures rose as of 11:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged up 0.07%. The S&P 500 futures gained 0.14%. And the Nasdaq Composite futures added 0.25%. The three U.S. indexes closed mixed in regular trading on Thursday on investor concerns about banking risks. The U.S.producer price index(PPI) in April logged an annual increase of 2.3%, lower than predictions of 2.4% and the slowest pace since January 2021, according toReuterson Thursday. U.S.initial jobless claimsrose to 264,000 in the week ending May 6, beating expectations and reaching the highest level since October 2021, according to a ThursdayBloombergreport. Together with the PPI, the data points to a slowdown in the U.S. economy, which may prompt the Federal Reserve to leave interest rates unchanged in June. On U.S. banks, PacWest Bancorp shares fell more than 20% on Thursday, after the California-based lendersaidits deposits declined approximately 9.5% in the week ending May 5, sparking new concerns about the banking industry after a series of failures at lenders this year. President Joe Biden and top lawmakers postponed Friday talks on raising the U.S. debt ceiling to early next week, according toCNNon Thursday, with the negotiations making little progress so far. The Federal Reserve will decide on June 14 its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 87.1% chance the Fed will keep rates unchanged in June, and a 12.9% chance for another 25 basis-point rate hike, up from 3.9% on Thursday. (Updates with equity section.) See related article:Japan looks to regain its place in the cryptocurrency world pecking order... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.\nInsights:China didn\'t say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,209\n+44.9▲3.9%\nBitcoin (BTC)\n$28,249\n+1404.6▲5.2%\nEthereum (ETH)\n$1,917\n+89.4▲4.9%\nS&P 500\n4,205.45\n+54.2▲1.3%\nGold\n$1,960\n+16.0▲0.8%\nNikkei 225\n30,916.31\n+115.2▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,209", "+44.9\\u25b23.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,249", "+1404.6\\u25b25.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,917", "+89.4\\u25b24.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.45", "+54.2\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,960", "+16.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,916.31", "+115.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto is beginning the Asia trading day well into the green after theWhite House announcedthat a deal to avert a debt ceiling crisis has been reached.\nBitcoin is starting the Asia trading day up 5% to $28,249, while ether is up 4.9% to $1,917. Overall, the CoinDesk Market Index (CMI) is up 4% to 1,209.\nBitcoin is still down 2.8% during the past month, as the looming debt ceiling crisisweighed heavilyon the asset class.\n"Bitcoin found support around $25K and consolidated for about two weeks before rallying today," Joe DiPasquale, CEO of crypto fund manager BitBull Capital wrote in an email. "Whether this move continues till $30K remains to be seen, but we expect the market leader to test that key resistance once again in the near term."\nDiPasquale added: On the flip side, the range between $22K and $25K is acting as a reliable support for bulls."\nHouse Speaker Kevin McCarthy told reporters over the weekend that there\'s still work to be done on the bill, anticipating its completion by Sunday, and a vote by Wednesday.\nMeanwhile, President Biden said the deal is "an important step forward" in a statement, calling it a compromise.\nStock markets in Asia are also opening strong on the news. In Japan, the Nikkei 225 was up 2% in the first 30 minutes of trading, while Australia’s ASX 200 was up 1.18%.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.5%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nChina’s Web3 Isn’t Our Web3\nOver the weekend, authorities at the Beijing Municipal Science & Technology Commission, which oversees the Zhongguancun Chaoyang Park – a cluster of China’s top tech companies and academic institutions – released a whitepaper outliningsuggestions for China’s web3 policy.\nOn Crypto Twitter, this excited the usual crowd, egged on by a tweet from Binance CEO Changpeng Zhao, who said the timing was “interesting” considering Hong Kong’s soon-to-be-enabled crypto regulatory framework on June 1.\nBut the reality is this whitepaper is more of China’s existing policy of blockchain-not-crypto.\nWeb3, in China, means an internet enhanced by artificial intelligence, blockchain, faster computing chips and more resilient networks.\nThe whitepaper is more interested in defining – and enhancing – the layers of infrastructure behind the internet, which it identifies as the infrastructure layer, interactive terminal layer, platform tool layer and application layer, in a way that’s reminiscent of theOpen Systems Interconnection (OSI) model of network layers, which has been the bible of network topology since the 1980s.\nAnd by no means is this a bad thing. It might be time that our understanding of a network layer is updated to account for new technologies, and China is keen to write thenext generation of technology standardsto wrestle that away from a U.S.-led Western technology trade bloc.\nBut this doesn’t have anything to do with crypto.\nBulls of the China narrative say that mainland China is only a few steps behind Hong Kong in opening its doors to crypto trading, just like how it looked to the semi-autonomous territory for lessons in stock markets before opening its own. This might be the case now, but a lot has to be figured out before then, such as how to allow crypto trading to exist without running into conflict with mainland China’s rules on capital control.\nThat’s the subject for another day, though. Meanwhile, China isn’t embracing crypto – yet.\nU.S. Memorial Day holiday\n5 p.m. HKT/SGT(9 a.m. UTC):Italy non-E.U. trade balance (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDigital Currency Group Shutters TradeBlock; State of Crypto Hacks in 2023\nDigital Currency Group (DCG), the parent company of CoinDesk, closed its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. Gerber Kawasaki director of Get Invested Brett Sifling shared his crypto markets analysis. Plus, Columbia Business School adjunct professor Austin Campbell discussed the state of stablecoin regulation in the U.S. And TRM Labs head of legal and government affairs Ari Redbord explained why crypto hacks are down significantly in the first three months of 2023.\nStriving for the Impossible: Reasonable Crypto Debate:Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows.\nBinance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl:With facts hard to come by, a coterie of crypto players are taking action.\nStablecoin Issuer Lybra Finance Nears $100M in TVL:Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin.\nGulf Binance Clinches Thai Regulatory Approval:The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year.\nStablecoins Are the \'Glue\' Between the Real Economy and Blockchain: Binance Japan General Manager:Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange\'s Takeshi Chino.\nUPDATE (May 29, 2023, 1:10 UTC):Adds Joe DiPasquale comment.', 'Good morning. Here’s what’s happening:\nPrices:Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.\nInsights:China didn\'t say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,209\n+44.9▲3.9%\nBitcoin (BTC)\n$28,249\n+1404.6▲5.2%\nEthereum (ETH)\n$1,917\n+89.4▲4.9%\nS&P 500\n4,205.45\n+54.2▲1.3%\nGold\n$1,960\n+16.0▲0.8%\nNikkei 225\n30,916.31\n+115.2▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,209", "+44.9\\u25b23.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,249", "+1404.6\\u25b25.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,917", "+89.4\\u25b24.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.45", "+54.2\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,960", "+16.0\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,916.31", "+115.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto is beginning the Asia trading day well into the green after theWhite House announcedthat a deal to avert a debt ceiling crisis has been reached.\nBitcoin is starting the Asia trading day up 5% to $28,249, while ether is up 4.9% to $1,917. Overall, the CoinDesk Market Index (CMI) is up 4% to 1,209.\nBitcoin is still down 2.8% during the past month, as the looming debt ceiling crisisweighed heavilyon the asset class.\n"Bitcoin found support around $25K and consolidated for about two weeks before rallying today," Joe DiPasquale, CEO of crypto fund manager BitBull Capital wrote in an email. "Whether this move continues till $30K remains to be seen, but we expect the market leader to test that key resistance once again in the near term."\nDiPasquale added: On the flip side, the range between $22K and $25K is acting as a reliable support for bulls."\nHouse Speaker Kevin McCarthy told reporters over the weekend that there\'s still work to be done on the bill, anticipating its completion by Sunday, and a vote by Wednesday.\nMeanwhile, President Biden said the deal is "an important step forward" in a statement, calling it a compromise.\nStock markets in Asia are also opening strong on the news. In Japan, the Nikkei 225 was up 2% in the first 30 minutes of trading, while Australia’s ASX 200 was up 1.18%.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.5%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+4.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nChina’s Web3 Isn’t Our Web3\nOver the weekend, authorities at the Beijing Municipal Science & Technology Commission, which oversees the Zhongguancun Chaoyang Park – a cluster of China’s top tech companies and academic institutions – released a whitepaper outliningsuggestions for China’s web3 policy.\nOn Crypto Twitter, this excited the usual crowd, egged on by a tweet from Binance CEO Changpeng Zhao, who said the timing was “interesting” considering Hong Kong’s soon-to-be-enabled crypto regulatory framework on June 1.\nBut the reality is this whitepaper is more of China’s existing policy of blockchain-not-crypto.\nWeb3, in China, means an internet enhanced by artificial intelligence, blockchain, faster computing chips and more resilient networks.\nThe whitepaper is more interested in defining – and enhancing – the layers of infrastructure behind the internet, which it identifies as the infrastructure layer, interactive terminal layer, platform tool layer and application layer, in a way that’s reminiscent of theOpen Systems Interconnection (OSI) model of network layers, which has been the bible of network topology since the 1980s.\nAnd by no means is this a bad thing. It might be time that our understanding of a network layer is updated to account for new technologies, and China is keen to write thenext generation of technology standardsto wrestle that away from a U.S.-led Western technology trade bloc.\nBut this doesn’t have anything to do with crypto.\nBulls of the China narrative say that mainland China is only a few steps behind Hong Kong in opening its doors to crypto trading, just like how it looked to the semi-autonomous territory for lessons in stock markets before opening its own. This might be the case now, but a lot has to be figured out before then, such as how to allow crypto trading to exist without running into conflict with mainland China’s rules on capital control.\nThat’s the subject for another day, though. Meanwhile, China isn’t embracing crypto – yet.\nU.S. Memorial Day holiday\n5 p.m. HKT/SGT(9 a.m. UTC):Italy non-E.U. trade balance (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDigital Currency Group Shutters TradeBlock; State of Crypto Hacks in 2023\nDigital Currency Group (DCG), the parent company of CoinDesk, closed its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. Gerber Kawasaki director of Get Invested Brett Sifling shared his crypto markets analysis. Plus, Columbia Business School adjunct professor Austin Campbell discussed the state of stablecoin regulation in the U.S. And TRM Labs head of legal and government affairs Ari Redbord explained why crypto hacks are down significantly in the first three months of 2023.\nStriving for the Impossible: Reasonable Crypto Debate:Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows.\nBinance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl:With facts hard to come by, a coterie of crypto players are taking action.\nStablecoin Issuer Lybra Finance Nears $100M in TVL:Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin.\nGulf Binance Clinches Thai Regulatory Approval:The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year.\nStablecoins Are the \'Glue\' Between the Real Economy and Blockchain: Binance Japan General Manager:Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange\'s Takeshi Chino.\nUPDATE (May 29, 2023, 1:10 UTC):Adds Joe DiPasquale comment.', 'Good morning. Here’s what’s happening: Prices: Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively. Insights: China didn\'t say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies. Prices CoinDesk Market Index (CMI) 1,209 +44.9 ▲ 3.9% Bitcoin (BTC) $28,249 +1404.6 ▲ 5.2% Ethereum (ETH) $1,917 +89.4 ▲ 4.9% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +16.0 ▲ 0.8% Nikkei 225 30,916.31 +115.2 ▲ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,209 +44.9 ▲ 3.9% Bitcoin (BTC) $28,249 +1404.6 ▲ 5.2% Ethereum (ETH) $1,917 +89.4 ▲ 4.9% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +16.0 ▲ 0.8% Nikkei 225 30,916.31 +115.2 ▲ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto is beginning the Asia trading day well into the green after the White House announced that a deal to avert a debt ceiling crisis has been reached. Bitcoin is starting the Asia trading day up 5% to $28,249, while ether is up 4.9% to $1,917. Overall, the CoinDesk Market Index (CMI) is up 4% to 1,209. Bitcoin is still down 2.8% during the past month, as the looming debt ceiling crisis weighed heavily on the asset class. "Bitcoin found support around $25K and consolidated for about two weeks before rallying today," Joe DiPasquale, CEO of crypto fund manager BitBull Capital wrote in an email. "Whether this move continues till $30K remains to be seen, but we expect the market leader to test that key resistance once again in the near term." DiPasquale added: On the flip side, the range between $22K and $25K is acting as a reliable support for bulls." House Speaker Kevin McCarthy told reporters over the weekend that there\'s still work to be done on the bill, anticipating its completion by Sunday, and a vote by Wednesday. Story continues Meanwhile, President Biden said the deal is "an important step forward" in a statement, calling it a compromise. Stock markets in Asia are also opening strong on the news. In Japan, the Nikkei 225 was up 2% in the first 30 minutes of trading, while Australia’s ASX 200 was up 1.18%. Biggest Gainers Asset Ticker Returns DACS Sector Bitcoin BTC +5.5% Currency Cardano ADA +4.9% Smart Contract Platform Ethereum ETH +4.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights China’s Web3 Isn’t Our Web3 Over the weekend, authorities at the Beijing Municipal Science & Technology Commission, which oversees the Zhongguancun Chaoyang Park – a cluster of China’s top tech companies and academic institutions – released a whitepaper outlining suggestions for China’s web3 policy. On Crypto Twitter, this excited the usual crowd, egged on by a tweet from Binance CEO Changpeng Zhao, who said the timing was “interesting” considering Hong Kong’s soon-to-be-enabled crypto regulatory framework on June 1. But the reality is this whitepaper is more of China’s existing policy of blockchain-not-crypto. Web3, in China, means an internet enhanced by artificial intelligence, blockchain, faster computing chips and more resilient networks. The whitepaper is more interested in defining – and enhancing – the layers of infrastructure behind the internet, which it identifies as the infrastructure layer, interactive terminal layer, platform tool layer and application layer, in a way that’s reminiscent of the Open Systems Interconnection (OSI) model of network layers , which has been the bible of network topology since the 1980s. And by no means is this a bad thing. It might be time that our understanding of a network layer is updated to account for new technologies, and China is keen to write the next generation of technology standards to wrestle that away from a U.S.-led Western technology trade bloc. But this doesn’t have anything to do with crypto. Bulls of the China narrative say that mainland China is only a few steps behind Hong Kong in opening its doors to crypto trading, just like how it looked to the semi-autonomous territory for lessons in stock markets before opening its own. This might be the case now, but a lot has to be figured out before then, such as how to allow crypto trading to exist without running into conflict with mainland China’s rules on capital control. That’s the subject for another day, though. Meanwhile, China isn’t embracing crypto – yet. Important events. U.S. Memorial Day holiday 5 p.m. HKT/SGT(9 a.m. UTC): Italy non-E.U. trade balance (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Digital Currency Group Shutters TradeBlock; State of Crypto Hacks in 2023 Digital Currency Group (DCG), the parent company of CoinDesk, closed its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. Gerber Kawasaki director of Get Invested Brett Sifling shared his crypto markets analysis. Plus, Columbia Business School adjunct professor Austin Campbell discussed the state of stablecoin regulation in the U.S. And TRM Labs head of legal and government affairs Ari Redbord explained why crypto hacks are down significantly in the first three months of 2023. Headlines Striving for the Impossible: Reasonable Crypto Debate: Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows. Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl: With facts hard to come by, a coterie of crypto players are taking action. Stablecoin Issuer Lybra Finance Nears $100M in TVL: Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin. Gulf Binance Clinches Thai Regulatory Approval: The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year. Stablecoins Are the \'Glue\' Between the Real Economy and Blockchain: Binance Japan General Manager: Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange\'s Takeshi Chino. UPDATE (May 29, 2023, 1:10 UTC): Adds Joe DiPasquale comment.', 'By Dhara Ranasinghe\nLONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal.\nU.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.\nHaving briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen.\nThe dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks.\nThe pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States.\n"An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore.\n"But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask."\nThe agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets.\nSPAIN ELECTION\nIn Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain.\nSpanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday.\nUpbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows.\nThe Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058.\n"We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank.\n"Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date."\nU.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1.\nTalk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate.\nThe dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May.\nData on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.\nMoney markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago.\nElsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade.\nBitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on.\n(Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'By Dhara Ranasinghe\nLONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal.\nU.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.\nHaving briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen.\nThe dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks.\nThe pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States.\n"An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore.\n"But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask."\nThe agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets.\nSPAIN ELECTION\nIn Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain.\nSpanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday.\nUpbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows.\nThe Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058.\n"We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank.\n"Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date."\nU.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1.\nTalk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate.\nThe dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May.\nData on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.\nMoney markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago.\nElsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade.\nBitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on.\n(Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'By Dhara Ranasinghe LONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote. Having briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen. The dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks. The pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States. "An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore. "But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask." The agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets. SPAIN ELECTION In Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain. Spanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday. Upbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows. The Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058. Story continues "We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank. "Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date." U.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1. Talk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate. The dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May. Data on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy. Money markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago. Elsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. Bitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on. (Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'By Dhara Ranasinghe LONDON (Reuters) - The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback\'s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote. Having briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down almost a third of a percent at 140.17 yen. The dollar index, which measures the U.S. unit\'s value against a basket of other major currencies, was also a touch softer around 104.23 but not far from last week\'s two-month peaks. The pull-back in the safe-haven dollar came as world stocks rallied on the positive news from Washington, although trade was generally subdued with parts of Europe, including Britain, on holiday along with the United States. "An initial risk-on reaction is likely as the cloud of U.S. default has retreated," said Charu Chanana, a market strategist at Saxo Markets in Singapore. "But focus will quickly turn to the fact that getting the deal is only a step in the process and an agreement from both the House and Senate by June 5 is still a big ask." The agreement would suspend the debt limit through Jan. 1, 2025, and cap spending in the 2024 and 2025 budgets. SPAIN ELECTION In Europe, the euro slipped 0.2% to $1.0709, showing little immediate reaction to news of a snap election in Spain. Spanish Prime Minister Pedro Sanchez said on Monday polling would take place on July 23 after his left-wing coalition government suffered heavy losses in regional ballots on Sunday. Upbeat world sentiment pushed the risk-sensitive Australian and New Zealand dollars off last week\'s six-month lows. The Aussie rose 0.35% to $0.6541, while the kiwi edged 0.2% higher to $0.6058. Story continues "We\'ve got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank. "Obviously there\'s still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date." U.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the $31.4 trillion debt ceiling by June 5, having previously said a default could happen as early as June 1. Talk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar and could support the currency even as U.S. debt ceiling worries abate. The dollar was on course for a monthly gain of about 3% against the yen. The dollar index has gained 2.5% in May. Data on Friday showed U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy. Money markets price in a roughly 62% chance that the Federal Reserve will raise rates by 25 basis points in June, versus a roughly 26% chance a week ago. Elsewhere, the Turkish lira touched a record low at 20.10 per dollar after President Tayyip Erdogan secured victory in the country\'s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. Bitcoin, meanwhile, slipped 0.5% to $27,932, down from a three-week high hit earlier on. (Reporting by Dhara Ranasinghe in London and Rae Wee in Singapore; Editing by Emelia Sithole-Matarise, Andrew Heavens and Mike Harrison)', 'Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways – when they run out of money.\nCoinDesk spoke to employees and senior executives at six prominent Indian crypto platforms – CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus. Several of these exchanges said their runways range from 21 months to four years, which can, if true, likely take them into the next bull market. CoinSwitch and ZebPay did not share their financial runway timelines.\nThe survival of India’s crypto exchanges has been a concern since Feb. 1, 2022, when the nation announcedstiff taxes– a 30% tax on crypto profits and the morecontroversial1% tax deducted at source (TDS) on all transactions. At the time, local industry leaders said they had entered a “period of pain” but that "ultimately, technology always emerges, it always wins."\nSigns of a crypto “brain drain” emerged within weeks. Ten days after the taxes were implemented, crypto trading volumesplummeted, in some cases more than 70%. India’s government then imposed a "shadow ban,” which saw localpayment processors cut offbanking access to crypto exchanges.\nFour months into the imposition of the 30% tax, the industry’s advocacy body was disbanded and enforcement agencies wereinvestigatingat least 10 crypto exchanges for allegedly assisting foreign firms launder money via crypto. Soon, the world took note and global industry leaders such as Binance CEO Changpeng ‘CZ’ ZhaoclaimedIndia’s taxes would probably “kill the industry” in the country.\nBy 2023, data revealed crypto traffic in the nation continued itsnosediveand that Indians had moved more than$3.8 billionin trading volume from local to international crypto exchanges.\nIndia, as president of the Group of 20 (G-20) in 2023, has prioritized framing globally coordinated rules for the crypto sector. As a result, experts say, it needed to align with the guidelines of the global standard setter, the Financial Action Task Force (FATF) on virtual assets byincludingIndian crypto business under anti-money laundering rules.\nThis move, which adds some legitimacy to the sector by way of setting up regulatory oversight, has fueled a little optimism among Indian exchanges on the local industry’s longevity, even if the nation doesn’t change its tax regime, according to several industry officials. But they don’t have an answer to what happens if the tax regime stays the same – and are taking various steps to guard against such a scenario.\nRead More:India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?\nIndian crypto exchange CoinDCX is weathering the storm by diversifying and banking on its recent series D funding of $135 million.\n“We have a runway of four years,” under present conditions, said Neeraj Khandelwal, co-founder of CoinDCX and Okto. “Our biggest bet is on ourOkto Wallet. We believe DeFi [decentralized finance] will offer 10X value eventually as only6.5 millionDeFi customers exist, while there are400 millioncrypto investors.”\nCoinDCX has been leading engagement with lawmakers through the industry’s policy advocacy body, Khandelwal said,exemplified by a recent event, and has emerged as a major player in the Indian crypto industry afterrecent setbacksfaced by WazirX, who ostensibly led the industry in policy engagement before CoinDCX.\nIts strategy, Khandelwal says, is “investing heavily in innovation and technology,” including hiring in the space “even now” as we “never overhired.”\nWazirX,India’s biggest exchange by trading volume until recently, continues to survive despite a tumultuous year.\nThe exchange’s future seemed uncertain when its founder Nischal Shetty moved from India to Dubai to focus on anew projectlate last year. Later, Indian agencies that wereinvestigatinglocal crypto exchangesraided properties tied to a director of WazirX. Shortly after, Binance CEO Zhao and Shetty were involved in apublic spatover who truly controls the exchange – a quarrel thatcontinues to this day.\nThe events have seen the exchange lay off40% of its staff. Yet, the exchange has a 21-month runway, said an employee who was not authorized to speak publicly about the company. “But employees who deserve pay hikes won’t be getting them,” he said.\nWazirX’s survival strategy is to renegotiate contracts with partners including software vendors, the person said. Unlike some other exchanges, WazirX will not be diversifying. It will stay focused on crypto.\n“That’s what the founders enshrined into us,” the person said. “The idea is to survive because [the] Bitcoin halving is going to happen in May 2024 when, we hope, a bull run will come. By then, if things don’t break, we should be around to see it.”The Bitcoin halvingis when the total number of bitcoin that miners can potentially win is halved. This happens roughly every four years.\nWazirX also plans to “keep chipping away at costs constantly to extend the runway” and capitalize on its 15 million registered users to attract lucrative partnerships, like a recent one with tax solutions providerTaxNodes.\nCoinSwitch shed “Kuber” from its previous name, CoinSwitch Kuber, and pivoted from being a crypto exchange to a crypto investment platform.\nThis occurred as India’s taxes, the crypto winter and the ire of Indian agencies all hit the platform hard. CoinSwitch properties wereraided by Indian agenciesin August 2022.\n“CoinSwitch has always been conscious of its expenses,” said Ashish Singhal, the company’s co-founder and CEO. “Today, we are proudly serving more than 19 million registered users, and are excited to grow and evolve with them by providing them with a diverse range of investment options, including fixed deposits (FD), mutual funds, Indian stocks, and more.”\nWithout giving a timeline on its runway, Singhal said “our healthy runway gives us enough ammunition to invest in our long-term vision – to be a one-stop wealth-tech destination for Indians.”\nSinghal also said his company has “strengthened its leadership team by hiring industry experts,” presumably to navigate regulators, even if he added that the recent step to bring crypto businesses under anti-money laundering rules was a “significant positive advancement.”\nOne of India’s first crypto exchanges, ZebPay, also refused to share a timeline on its runway. But Chief Revenue Officer Nirmal Ranga said it had support from an unnamed subsidiary in Singapore, in the event it loses customers, the bear market extends or things generally go from bad to worse.\n“Our internal revenue strategy is to increase the lending value of our customers and concentrate on user growth,” Ranga said. “We are also trying to create interest for institutional investment.”\nGiven ZebPay’s team has seen crypto’s early up and down cycles, it follows two ways to survive – “use profits made during previous bull runs or use funds from marketing partnerships or investors,” Ranga said. Like WazirX, ZebPay also has a partnership with TaxNodes.\nAnother early player in the Indian crypto space, BuyUCoin, said its runway extends until early 2025.\n“By the end of 2024, we will see a good bull run,” said Atulya Bhatt, its co-founder. “Crypto is a seasonal market and every four years bitcoin goes up and down. It will take 10 years for crypto to become completely sustainable.”\nNevertheless, BuyUCoin had to lay off 10% of its 100 people workforce, Bhatt said. At the same time, BuyUCoin has set up sister companies in Estonia and Singapore as part of a global expansion plan.\n“Since we have never raised funds, we can now, given interest from partners across the globe,” he said.\nAfter FTX’s implosion, crypto entities scrambled to publish proof of reserves. Giottus, a lesser-known Indian exchangerecognizedfor its staking service andmultilingual optionsin the country,saidit would provide customers with proof of reserves, while rivals remained silent.\n“We have a two-year runway under the current conditions,” said Vikram Subburaj, Giottus\' co-founder and CEO. “Our focus is completely on bringing in operational excellence, building your products right, drastically cutting marketing and acquisition expenses, and reducing perceived risks associated with exchanges.”\nIn terms of employees, Subburaj said Giottus had a compact marketing team even during bull runs and like others, it partnered with TaxNodes to improve operational support.\nRead More:Indian Authorities Asked to Restore Crypto Exchanges\' Access to UPI', 'Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways – when they run out of money. CoinDesk spoke to employees and senior executives at six prominent Indian crypto platforms – CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus. Several of these exchanges said their runways range from 21 months to four years, which can, if true, likely take them into the next bull market. CoinSwitch and ZebPay did not share their financial runway timelines. The survival of India’s crypto exchanges has been a concern since Feb. 1, 2022, when the nation announced stiff taxes – a 30% tax on crypto profits and the more controversial 1% tax deducted at source (TDS) on all transactions. At the time, local industry leaders said they had entered a “ period of pain ” but that "ultimately, technology always emerges, it always wins." Signs of a crypto “brain drain” emerged within weeks. Ten days after the taxes were implemented, crypto trading volumes plummeted , in some cases more than 70%. India’s government then imposed a " shadow ban ,” which saw local payment processors cut off banking access to crypto exchanges. Four months into the imposition of the 30% tax, the industry’s advocacy body was disbanded and enforcement agencies were investigating at least 10 crypto exchanges for allegedly assisting foreign firms launder money via crypto. Soon, the world took note and global industry leaders such as Binance CEO Changpeng ‘CZ’ Zhao claimed India’s taxes would probably “ kill the industry ” in the country. By 2023, data revealed crypto traffic in the nation continued its nosedive and that Indians had moved more than $3.8 billion in trading volume from local to international crypto exchanges. India, as president of the Group of 20 (G-20) in 2023, has prioritized framing globally coordinated rules for the crypto sector. As a result, experts say, it needed to align with the guidelines of the global standard setter, the Financial Action Task Force (FATF) on virtual assets by including Indian crypto business under anti-money laundering rules. Story continues This move, which adds some legitimacy to the sector by way of setting up regulatory oversight, has fueled a little optimism among Indian exchanges on the local industry’s longevity, even if the nation doesn’t change its tax regime, according to several industry officials. But they don’t have an answer to what happens if the tax regime stays the same – and are taking various steps to guard against such a scenario. Read More: India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power? CoinDCX Indian crypto exchange CoinDCX is weathering the storm by diversifying and banking on its recent series D funding of $135 million. “We have a runway of four years,” under present conditions, said Neeraj Khandelwal, co-founder of CoinDCX and Okto. “Our biggest bet is on our Okto Wallet . We believe DeFi [decentralized finance] will offer 10X value eventually as only 6.5 million DeFi customers exist, while there are 400 million crypto investors.” CoinDCX has been leading engagement with lawmakers through the industry’s policy advocacy body, Khandelwal said, exemplified by a recent event , and has emerged as a major player in the Indian crypto industry after recent setbacks faced by WazirX, who ostensibly led the industry in policy engagement before CoinDCX. Its strategy, Khandelwal says, is “investing heavily in innovation and technology,” including hiring in the space “even now” as we “never overhired.” WazirX WazirX, India’s biggest exchange by trading volume until recently , continues to survive despite a tumultuous year. The exchange’s future seemed uncertain when its founder Nischal Shetty moved from India to Dubai to focus on a new project late last year. Later, Indian agencies that were investigating local crypto exchanges raided properties tied to a director of WazirX . Shortly after, Binance CEO Zhao and Shetty were involved in a public spat over who truly controls the exchange – a quarrel that continues to this day . The events have seen the exchange lay off 40% of its staff . Yet, the exchange has a 21-month runway, said an employee who was not authorized to speak publicly about the company. “But employees who deserve pay hikes won’t be getting them,” he said. WazirX’s survival strategy is to renegotiate contracts with partners including software vendors, the person said. Unlike some other exchanges, WazirX will not be diversifying. It will stay focused on crypto. “That’s what the founders enshrined into us,” the person said. “The idea is to survive because [the] Bitcoin halving is going to happen in May 2024 when, we hope, a bull run will come. By then, if things don’t break, we should be around to see it.” The Bitcoin halving is when the total number of bitcoin that miners can potentially win is halved. This happens roughly every four years. WazirX also plans to “keep chipping away at costs constantly to extend the runway” and capitalize on its 15 million registered users to attract lucrative partnerships, like a recent one with tax solutions provider TaxNodes . CoinSwitch CoinSwitch shed “Kuber” from its previous name, CoinSwitch Kuber, and pivoted from being a crypto exchange to a crypto investment platform. This occurred as India’s taxes, the crypto winter and the ire of Indian agencies all hit the platform hard. CoinSwitch properties were raided by Indian agencies in August 2022. “CoinSwitch has always been conscious of its expenses,” said Ashish Singhal, the company’s co-founder and CEO. “Today, we are proudly serving more than 19 million registered users, and are excited to grow and evolve with them by providing them with a diverse range of investment options, including fixed deposits (FD), mutual funds, Indian stocks, and more.” Without giving a timeline on its runway, Singhal said “our healthy runway gives us enough ammunition to invest in our long-term vision – to be a one-stop wealth-tech destination for Indians.” Singhal also said his company has “strengthened its leadership team by hiring industry experts,” presumably to navigate regulators, even if he added that the recent step to bring crypto businesses under anti-money laundering rules was a “significant positive advancement.” ZebPay One of India’s first crypto exchanges, ZebPay, also refused to share a timeline on its runway. But Chief Revenue Officer Nirmal Ranga said it had support from an unnamed subsidiary in Singapore, in the event it loses customers, the bear market extends or things generally go from bad to worse. “Our internal revenue strategy is to increase the lending value of our customers and concentrate on user growth,” Ranga said. “We are also trying to create interest for institutional investment.” Given ZebPay’s team has seen crypto’s early up Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $536,174,995,950 - Hash Rate: 399026915.0223079 - Transaction Count: 550324.0 - Unique Addresses: 664954.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether fell during afternoon trading hours in Asia on Thursday, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Asian and U.S. equities fell as investors remained cautious ahead of the U.S. employment report scheduled for Friday. See related article:Bitcoin briefly loses its grip on US$28,000 • Etherfell 1.51% to US$1,882 but maintained a weekly gain of 4.58%. The cryptocurrency is trading near a nine-month high ahead ofEthereum’s Shanghai hard forkscheduled for next Wednesday. The upgrade will allow investors to withdraw their staked ETH for the first time. Nearly18 million ETHworth around US$33.5 billion has been staked in the network since the blockchain adopted the proof-of-stake consensus mechanism. • Bitcoin fell 2.08% to US$27,974 in the 24 hours to 4:30 p.m. in Hong Kong. The world’s first cryptocurrency fell 2.22% on the weekly chart after trading above the US$28,000 mark for most of the week. • Dogecoinfell 5.91% to US$0.09 to become the day’s biggest loser but still maintained a 22.18% seven-day gain in a week when Twitter changed its logo to a Shiba Inu dog, the memecoin’s mascot. TheXRP tokenfell 3.83% to US$0.49, as the day’s second-biggest loser. • The global cryptocurrency market capitalization decreased by 1.97% to US$1.18 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 8.91% to US$40.82 billion. • The Forkast 500 NFTindex slid 0.70% to 4,002.64 points on the day and lost 0.04% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. • Most Asian equities were down on Thursday, with Shanghai Composite sliding 0.010% and the Shenzhen Component Index inching down 0.044%. Japan’s Nikkei 225 fell 1.10%, while Hong Kong’s Hang Seng Index rose 0.012%. Hong Kong’s financial markets will be closed from Friday to next Monday for the Easter holidays. • Investors await the release of the U.S. Employment Situation report on Friday, which includes the monthly change in non-farm payrolls. Strong growth in non-farm payroll data may indicate heating inflation, which investors will analyze to gauge the Federal Reserve’s next monetary decision. The U.S. stock market will be closed on Good Friday. • European bourses picked up on Thursday, as the pan-European STOXX 600 rose 0.39% and Germany’s DAX 40 gained 0.44%. • Gold fell 0.15% to US$2,017 per ounce to stabilize near a one-year high, following a three-day winning streak. The precious metal rose around 2.5% this week to close up on its all-time high of US$2,075 set in August 2022. • Investors digested new economic data from the U.S., including ADP Research Institute’s National Employment Report and the Job Openings and Labor Turnover Survey, showing that tighter financial conditions are slowing down the economy as investors hope for the Fed to pause rate hikes next month. See related article:Ripple exec says innovation is leaving the US.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:The post-debt ceiling rally in the crypto market has ended, with bitcoin and ether declining in East Asia. What\'s the next narrative for crypto?\nInsights:The latest Commitment of Traders reports shows a rebound in open long positions among asset managers.\nCoinDesk Market Index (CMI)\n1,197\n−11.5▼1.0%\nBitcoin (BTC)\n$27,746\n−354.3▼1.3%\nEthereum (ETH)\n$1,893\n−21.0▼1.1%\nS&P 500\n4,205.45\n+54.2▲1.3%\nGold\n$1,960\n+15.9▲0.8%\nNikkei 225\n31,233.54\n+317.2▲1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,197", "\\u221211.5\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,746", "\\u2212354.3\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,893", "\\u221221.0\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.45", "+54.2\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,960", "+15.9\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,233.54", "+317.2\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nLooking for the Next Pricing Narrative\nBy Sam Reynolds\nGood morning Asia,\nYesterday’s post-debt ceiling deal rally has come to an end.\nBitcoin is beginning East Asia’s trading day down 1.3% at $27,746 while ether is down 1.1% to $1,893.\nIn the last few weeks, crypto has struggled with anarrative problem. The absence of a defining narrative – is it a risk asset, or a hedge against risk? – has made for patternless price swings and confused investors.\nSome might say, for instance, that bitcoin should have risen on debt ceiling uncertainty, as a U.S. default would have jolted the traditional financial system. But instead, bitcoin acted like a stock. Perhapscrypto’s narrativeis no narrative at all.\nEd Moya, a Senior Market Analyst with foreign exchange market maker OANDA, posits that the upcoming U.S. election is the narrative to watch.\n“We were reminded that the key to Bitcoin’s success in the US might depend on the upcoming presidential election," Moya wrote in a note Friday. "Florida governor Ron Desantis announced his intentions to run for president and appears poised to ‘protect’ Bitcoin.”\nWith Central Bank Digital Currencies being a newwedge issuein Florida’s political landscape, the national stage is the next logical step. Crypto has come up in elections worldwide, such asSouth KoreaandThailand, and President Joe Bidenmentioned itwhen discussing debt deal negotiations.\nMaybe this will be the narrative to watch?\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.3%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.0%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22123.1%", "DACS Sector": "Smart Contract Platform"}]\nFunding Rates Remain Positive in Crypto Markets\nBy Glenn Williams Jr.\nThe Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks. The 24-contract increase follows a reduction of 162 contracts the week prior.\nThe increase halts what appeared to be more of an overall reduction in exposure than a commentary on price itself. Asset managers reduced their short positions as well over the identical time period by a total of 194 contracts.\nThe Commodity Futures Trading Commission (CFTC) releases COT data weekly, detailing the open interest and activity of asset managers, leveraged funds, and dealer intermediaries in bitcoin futures.\nAsset Managers now comprise 48.9% of open long positions on the Chicago Mercantile Exchange, and are 97.25% long the asset as a group.\n5 p.m. HKT/SGT(9 a.m. UTC):European Commission business climate (May)\n5 p.m. HKT/SGT(9 a.m. UTC):European Commission consumer confidence (May)\n10 p.m. HKT/SGT(2 p.m. UTC):U.S. consumer confidence (May)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nLawyer Behind FTX Lawsuit Addresses Shaq Getting Served; Ether Balance on Exchanges Nears All-Time Low\n"The Hash" hosts weighed in on the biggest stories shaping the crypto industry today. The number of ether (ETH) on exchanges hit a low not seen since July 2016 as staking saps up available ether. Separately, the potential sign that good-economic-news-equals-bad-news for digital asset prices narrative is beginning to shift. Plus, the lawyer representing some FTX investors, Adam Moskowitz, joined "The Hash" to discuss basketball legend Shaquille O\'Neal being served in a class action lawsuit regarding FTX and its celebrity endorsements.\nDogecoin Chart Pattern Suggests Volatility Explosion Ahead:A technical analysis indicator called Bollinger bandwidth suggests dogecoin\'s unusual calm could soon end with a pronounced move in either direction.\nGemini and Bankrupt Lender Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program:The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini\'s Earn program.\nBitcoin\'s Short-Term Holders Are Again Selling at Profit:Short-term holders\' renewed profitability is a positive signal for near-term price action, according to on observer.\nFantom Will Pay Back 15% of Token Fees to Some Projects:The move is part of an initiative to drive demand for block space, which help add to the value proposition of FTM tokens.\nShiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans:Floki prices rallied on Sunday amid a bitcoin-led market push and bets on the token\'s “China narrative.”', 'Good morning. Here’s what’s happening: Prices: The post-debt ceiling rally in the crypto market has ended, with bitcoin and ether declining in East Asia. What\'s the next narrative for crypto? Insights: The latest Commitment of Traders reports shows a rebound in open long positions among asset managers. Prices CoinDesk Market Index (CMI) 1,197 −11.5 ▼ 1.0% Bitcoin (BTC) $27,746 −354.3 ▼ 1.3% Ethereum (ETH) $1,893 −21.0 ▼ 1.1% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +15.9 ▲ 0.8% Nikkei 225 31,233.54 +317.2 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,197 −11.5 ▼ 1.0% Bitcoin (BTC) $27,746 −354.3 ▼ 1.3% Ethereum (ETH) $1,893 −21.0 ▼ 1.1% S&P 500 4,205.45 +54.2 ▲ 1.3% Gold $1,960 +15.9 ▲ 0.8% Nikkei 225 31,233.54 +317.2 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Looking for the Next Pricing Narrative By Sam Reynolds Good morning Asia, Yesterday’s post-debt ceiling deal rally has come to an end. Bitcoin is beginning East Asia’s trading day down 1.3% at $27,746 while ether is down 1.1% to $1,893. In the last few weeks, crypto has struggled with a narrative problem . The absence of a defining narrative – is it a risk asset, or a hedge against risk? – has made for patternless price swings and confused investors. Some might say, for instance, that bitcoin should have risen on debt ceiling uncertainty, as a U.S. default would have jolted the traditional financial system. But instead, bitcoin acted like a stock. Perhaps crypto’s narrative is no narrative at all. Ed Moya, a Senior Market Analyst with foreign exchange market maker OANDA, posits that the upcoming U.S. election is the narrative to watch. “We were reminded that the key to Bitcoin’s success in the US might depend on the upcoming presidential election," Moya wrote in a note Friday. "Florida governor Ron Desantis announced his intentions to run for president and appears poised to ‘protect’ Bitcoin.” Story continues With Central Bank Digital Currencies being a new wedge issue in Florida’s political landscape, the national stage is the next logical step. Crypto has come up in elections worldwide, such as South Korea and Thailand , and President Joe Biden mentioned it when discussing debt deal negotiations. Maybe this will be the narrative to watch? Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +2.3% Currency Stellar XLM +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −4.0% Entertainment Polygon MATIC −3.5% Smart Contract Platform Avalanche AVAX −3.1% Smart Contract Platform Insights Funding Rates Remain Positive in Crypto Markets By Glenn Williams Jr. The Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks. The 24-contract increase follows a reduction of 162 contracts the week prior. Long and short positions among asset managers (based on Commitment of Traders report) The increase halts what appeared to be more of an overall reduction in exposure than a commentary on price itself. Asset managers reduced their short positions as well over the identical time period by a total of 194 contracts. The Commodity Futures Trading Commission (CFTC) releases COT data weekly, detailing the open interest and activity of asset managers, leveraged funds, and dealer intermediaries in bitcoin futures. Asset Managers now comprise 48.9% of open long positions on the Chicago Mercantile Exchange, and are 97.25% long the asset as a group. Important events. 5 p.m. HKT/SGT(9 a.m. UTC): European Commission business climate (May) 5 p.m. HKT/SGT(9 a.m. UTC): European Commission consumer confidence (May) 10 p.m. HKT/SGT(2 p.m. UTC): U.S. consumer confidence (May) CoinDesk TV In case you missed it, here is the most recent episode of "The Hash" on CoinDesk TV : Lawyer Behind FTX Lawsuit Addresses Shaq Getting Served; Ether Balance on Exchanges Nears All-Time Low "The Hash" hosts weighed in on the biggest stories shaping the crypto industry today. The number of ether (ETH) on exchanges hit a low not seen since July 2016 as staking saps up available ether. Separately, the potential sign that good-economic-news-equals-bad-news for digital asset prices narrative is beginning to shift. Plus, the lawyer representing some FTX investors, Adam Moskowitz, joined "The Hash" to discuss basketball legend Shaquille O\'Neal being served in a class action lawsuit regarding FTX and its celebrity endorsements. Headlines Dogecoin Chart Pattern Suggests Volatility Explosion Ahead: A technical analysis indicator called Bollinger bandwidth suggests dogecoin\'s unusual calm could soon end with a pronounced move in either direction. Gemini and Bankrupt Lender Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program: The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini\'s Earn program. Bitcoin\'s Short-Term Holders Are Again Selling at Profit: Short-term holders\' renewed profitability is a positive signal for near-term price action, according to on observer. Fantom Will Pay Back 15% of Token Fees to Some Projects: The move is part of an initiative to drive demand for block space, which help add to the value proposition of FTM tokens. Shiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans: Floki prices rallied on Sunday amid a bitcoin-led market push and bets on the token\'s “China narrative.”', 'Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners, according to Ohio Representative Warren Davidson. A draft bill was released by U.S. lawmakers on May 28, outlining a two-year suspension of the debt ceiling. While President Joe Biden had wanted the deal to include tax increases for corporations and high-income individuals, the most recent draft suggests that these measures are unlikely. Representative Davidson tweeted that the bill blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners that had been part of President Biden’s FY2024 budget.\nThe tentative agreement reached represents a compromise and aims to avert the possibility of a debt default. However, the debt ceiling bill still needs to secure approval in a divided House of Representatives, with some Republican lawmakers openly hostile towards House Speaker Kevin McCarthy. The legislation is expected to be voted upon by lawmakers on May 31, as the U.S. government faces the looming deadline for a potential debt default in June.', 'Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners, according to Ohio Representative Warren Davidson. A draft bill was released by U.S. lawmakers on May 28, outlining a two-year suspension of the debt ceiling. While President Joe Biden had wanted the deal to include tax increases for corporations and high-income individuals, the most recent draft suggests that these measures are unlikely. Representative Davidson tweeted that the bill blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners that had been part of President Biden’s FY2024 budget.\nThe tentative agreement reached represents a compromise and aims to avert the possibility of a debt default. However, the debt ceiling bill still needs to secure approval in a divided House of Representatives, with some Republican lawmakers openly hostile towards House Speaker Kevin McCarthy. The legislation is expected to be voted upon by lawmakers on May 31, as the U.S. government faces the looming deadline for a potential debt default in June.', 'U.S. Debt Ceiling Deal Blocks Bitcoin Mining Tax U.S. Debt Ceiling Deal Blocks Bitcoin Mining Tax Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners, according to Ohio Representative Warren Davidson. A draft bill was released by U.S. lawmakers on May 28, outlining a two-year suspension of the debt ceiling. While President Joe Biden had wanted the deal to include tax increases for corporations and high-income individuals, the most recent draft suggests that these measures are unlikely. Representative Davidson tweeted that the bill blocks \x93proposed taxes,\x94 including a 30% tax on electricity used by crypto miners that had been part of President Biden\x92s FY2024 budget. The tentative agreement reached represents a compromise and aims to avert the possibility of a debt default. However, the debt ceiling bill still needs to secure approval in a divided House of Representatives, with some Republican lawmakers openly hostile towards House Speaker Kevin McCarthy. The legislation is expected to be voted upon by lawmakers on May 31, as the U.S. government faces the looming deadline for a potential debt default in June.', 'Beijing Government Releases Web3 White Paper Beijing Government Releases Web3 White Paper Beijing’s municipal government has released a white paper regarding the development of the local Web3 industry. Unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, the “Web3 Innovation and Development White Paper” recognizes the significance of Web3 technology for future internet industry development. Beijing plans to allocate at least 100 million yuan ($14 million) annually until 2025 to establish itself as a global innovation hub for the digital economy. The white paper emphasizes Beijing’s intention to implement policies to foster the growth of the Web3 industry. The timing of the white paper release is noteworthy, coinciding with the implementation of new cryptocurrency regulations in Hong Kong. The Securities and Futures Commission of Hong Kong recently announced a new rulebook for the crypto industry, allowing retail investors to engage in crypto trading starting from June 1. China banned the use of cryptocurrencies in 2021, but the release of the Web3 white paper suggests a potential opening up to the industry. A news segment featuring Bitcoin also recently aired on China Central Television, signaling a potential shift in government policy. Binance CEO Changpeng Zhao highlighted the significance of this coverage, historically correlating with market upswings, although the segment has since been removed.', 'Beijing’s municipal government has released a white paper regarding the development of the local Web3 industry. Unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, the “Web3 Innovation and Development White Paper” recognizes the significance of Web3 technology for future internet industry development. Beijing plans to allocate at least 100 million yuan ($14 million) annually until 2025 to establish itself as a global innovation hub for the digital economy. The white paper emphasizes Beijing’s intention to implement policies to foster the growth of the Web3 industry.\nThe timing of the white paper release is noteworthy, coinciding with the implementation of new cryptocurrency regulations in Hong Kong. The Securities and Futures Commission of Hong Kong recently announced a new rulebook for the crypto industry, allowing retail investors to engage in crypto trading starting from June 1. China banned the use of cryptocurrencies in 2021, but the release of the Web3 white paper suggests a potential opening up to the industry. A news segment featuring Bitcoin also recently aired on China Central Television, signaling a potential shift in government policy. Binance CEO Changpeng Zhao highlighted the significance of this coverage, historically correlating with market upswings, although the segment has since been removed.', 'Bitcoin fell in Tuesday morning trading in Asia, giving up a portion of Monday’s gains on what looked like profit taking. Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses. XRP was the exception, rising on speculation the token is underpriced considering potentially positive developments in the lawsuit XRP developer Ripple Labs faces in the U.S. Stock futures in the U.S. moved higher after President Joe Biden and Republican House Speaker Kevin Mccarthy agreed to raise the government’s debt ceiling over the weekend, averting a default. However, inflation and interest rate hikes might now come back into focus for investors.\nBitcoin fell 1.45% over the last 24 hours to US$27,792 at 9:30 a.m. in Hong Kong, but was still trading 2.95% higher for the week, according todatafrom CoinMarketCap. The world’s largest cryptocurrency peaked at US$28,300 on Monday morning in Asia, the highest price since May 8.\n“With both parties in the US finding agreement to raise the debt ceiling, investors were allowed a dose of optimism,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“On the short run, though, this might indeed be an opportunity for profit taking, for traders thinking the global economy is still due for more pain and a hard landing,” said d’Anethan.\nEther fell 0.96% to US$1,898, while holding a weekly gain of 3.62%.\nXRP was the only top 10 non-stablecoin token logging gains for the past 24 hours, rising 2.09% to US$0.4922 and moving up 6.72% for the week. The token received a boost from developments in the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, whose blockchain payment protocol uses XRP.\nThe court will make publicinternal documentsshowing former SEC director William Hinman in 2018 said sales of Ether tokens were not securities transactions, which could undermine the SEC allegation that Ripple Labs sales of XRP were an illegal securities sale,tweetedpro-Ripple attorney John Deaton on Sunday.\nDeaton, who said the Hinman documents will move into the public domain even if the SEC and Ripple agree to settle,addedthat XRP is underpriced and predicted it will attract more buyers and climb to US$1 and beyond.\nThe total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexrose 1.34% to 3,409.12 in the 24 hours to 10:20 a.m. in Hong Kong, moving up 0.66% for the week.\nNFT sales on Ethereum rose 18.19% in the past 24 hours to US$16.06 million, according toCryptoSlamdata. The Solana, Polygon and Cardano networks also saw increased NFT sales in the past 24 hours.\nThe Bitcoin blockchain, vying with Ethereum for NFT supremacy, saw its 24-hour NFT sales drop 33.64% to US$4.31 million as the hype for $OXBT BRC-20 NFTs faded. The newly launched NFT collection, which accounts for more than a third of sales on the Bitcoin network, posted a\xa0 50.97% sales slide in the 24 hours to US$1.52 million.\nNakamigos, an Ethereum-based NFT collection, saw the largest sales in the same period across the market, rising 12.27% to US$2.06 million.\nElsewhere, Reddit Collectible Avatars, an NFT collection launched by Reddit in July 2022 that act as customizable avatars on the popular social media, had almost 10 million holders as of Tuesday morning, according to data fromDune Analytics, signalling a milestone for Reddit’s Web 3.0initiatives.\nThe growing popularity of Reddit’s NFT project lies in its simplicity, said Web3 technology firmRedeemCo-Founder Toby Rush in an earliercommentary. “Importantly, Reddit’s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto.”\nU.S. stock futures traded higher as of 1:50 p.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.11%. The S&P 500 futures gained 0.23%, and the Nasdaq futures rose 0.39%.\nThe gains came on the back of the debt ceiling deal in Washington, likely removing the risk of a U.S. government default. Thebillwould suspend the debt limit until January 2025, andwill be voted onby Congress on Wednesday.\nThe bill included ablockon a proposed tax on electricity used by cryptocurrency miners, a positive for the U.S. crypto mining industry.\nWith the debt ceiling threat seemingly removed, U.S. investor focus could return to interest rates after thepersonal consumption expenditures price indexreleased on Friday showed inflation remains a risk, indicating the Federal Reserve could keep interest rates higher for longer.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 40.4% chance the Fed will keep rates unchanged in June, and a 59.6% chance for another 25 basis-point rate hike, down from 63% on Monday, but still a sharp increase from 25.7% on May 22.\nBoosted by the rate hike expectation and relieved debt ceiling concerns, treasury futures linked to the U.S. government bond market rallied on Monday, according toBloomberg, which could add to the pressure on riskier assets, such as stocks and cryptocurrencies.\nOther economic data out this week include the U.S. Manufacturing Purchasing Managers Index (PMI) on Thursday, a measure of the health of manufacturing industries.\xa0 A reading above 50 indicates expansion, below 50 a contraction.', 'Bitcoin fell in Tuesday morning trading in Asia, giving up a portion of Monday’s gains on what looked like profit taking. Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses. XRP was the exception, rising on speculation the token is underpriced considering potentially positive developments in the lawsuit XRP developer Ripple Labs faces in the U.S. Stock futures in the U.S. moved higher after President Joe Biden and Republican House Speaker Kevin Mccarthy agreed to raise the government’s debt ceiling over the weekend, averting a default. However, inflation and interest rate hikes might now come back into focus for investors.\nBitcoin fell 1.45% over the last 24 hours to US$27,792 at 9:30 a.m. in Hong Kong, but was still trading 2.95% higher for the week, according todatafrom CoinMarketCap. The world’s largest cryptocurrency peaked at US$28,300 on Monday morning in Asia, the highest price since May 8.\n“With both parties in the US finding agreement to raise the debt ceiling, investors were allowed a dose of optimism,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\n“On the short run, though, this might indeed be an opportunity for profit taking, for traders thinking the global economy is still due for more pain and a hard landing,” said d’Anethan.\nEther fell 0.96% to US$1,898, while holding a weekly gain of 3.62%.\nXRP was the only top 10 non-stablecoin token logging gains for the past 24 hours, rising 2.09% to US$0.4922 and moving up 6.72% for the week. The token received a boost from developments in the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, whose blockchain payment protocol uses XRP.\nThe court will make publicinternal documentsshowing former SEC director William Hinman in 2018 said sales of Ether tokens were not securities transactions, which could undermine the SEC allegation that Ripple Labs sales of XRP were an illegal securities sale,tweetedpro-Ripple attorney John Deaton on Sunday.\nDeaton, who said the Hinman documents will move into the public domain even if the SEC and Ripple agree to settle,addedthat XRP is underpriced and predicted it will attract more buyers and climb to US$1 and beyond.\nThe total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexrose 1.34% to 3,409.12 in the 24 hours to 10:20 a.m. in Hong Kong, moving up 0.66% for the week.\nNFT sales on Ethereum rose 18.19% in the past 24 hours to US$16.06 million, according toCryptoSlamdata. The Solana, Polygon and Cardano networks also saw increased NFT sales in the past 24 hours.\nThe Bitcoin blockchain, vying with Ethereum for NFT supremacy, saw its 24-hour NFT sales drop 33.64% to US$4.31 million as the hype for $OXBT BRC-20 NFTs faded. The newly launched NFT collection, which accounts for more than a third of sales on the Bitcoin network, posted a\xa0 50.97% sales slide in the 24 hours to US$1.52 million.\nNakamigos, an Ethereum-based NFT collection, saw the largest sales in the same period across the market, rising 12.27% to US$2.06 million.\nElsewhere, Reddit Collectible Avatars, an NFT collection launched by Reddit in July 2022 that act as customizable avatars on the popular social media, had almost 10 million holders as of Tuesday morning, according to data fromDune Analytics, signalling a milestone for Reddit’s Web 3.0initiatives.\nThe growing popularity of Reddit’s NFT project lies in its simplicity, said Web3 technology firmRedeemCo-Founder Toby Rush in an earliercommentary. “Importantly, Reddit’s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto.”\nU.S. stock futures traded higher as of 1:50 p.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.11%. The S&P 500 futures gained 0.23%, and the Nasdaq futures rose 0.39%.\nThe gains came on the back of the debt ceiling deal in Washington, likely removing the risk of a U.S. government default. Thebillwould suspend the debt limit until January 2025, andwill be voted onby Congress on Wednesday.\nThe bill included ablockon a proposed tax on electricity used by cryptocurrency miners, a positive for the U.S. crypto mining industry.\nWith the debt ceiling threat seemingly removed, U.S. investor focus could return to interest rates after thepersonal consumption expenditures price indexreleased on Friday showed inflation remains a risk, indicating the Federal Reserve could keep interest rates higher for longer.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 40.4% chance the Fed will keep rates unchanged in June, and a 59.6% chance for another 25 basis-point rate hike, down from 63% on Monday, but still a sharp increase from 25.7% on May 22.\nBoosted by the rate hike expectation and relieved debt ceiling concerns, treasury futures linked to the U.S. government bond market rallied on Monday, according toBloomberg, which could add to the pressure on riskier assets, such as stocks and cryptocurrencies.\nOther economic data out this week include the U.S. Manufacturing Purchasing Managers Index (PMI) on Thursday, a measure of the health of manufacturing industries.\xa0 A reading above 50 indicates expansion, below 50 a contraction.', 'Bitcoin fell in Tuesday morning trading in Asia, giving up a portion of Monday\x92s gains on what looked like profit taking. Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses. XRP was the exception, rising on speculation the token is underpriced considering potentially positive developments in the lawsuit XRP developer Ripple Labs faces in the U.S. Stock futures in the U.S. moved higher after President Joe Biden and Republican House Speaker Kevin Mccarthy agreed to raise the government\x92s debt ceiling over the weekend, averting a default. However, inflation and interest rate hikes might now come back into focus for investors. Bitcoin dips, XRP gains Bitcoin fell 1.45% over the last 24 hours to US$27,792 at 9:30 a.m. in Hong Kong, but was still trading 2.95% higher for the week, according to data from CoinMarketCap. The world\x92s largest cryptocurrency peaked at US$28,300 on Monday morning in Asia, the highest price since May 8. \x93With both parties in the US finding agreement to raise the debt ceiling, investors were allowed a dose of optimism,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock. \x93On the short run, though, this might indeed be an opportunity for profit taking, for traders thinking the global economy is still due for more pain and a hard landing,\x94 said d\x92Anethan. Ether fell 0.96% to US$1,898, while holding a weekly gain of 3.62%. XRP was the only top 10 non-stablecoin token logging gains for the past 24 hours, rising 2.09% to US$0.4922 and moving up 6.72% for the week. The token received a boost from developments in the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, whose blockchain payment protocol uses XRP. The court will make public internal documents showing former SEC director William Hinman in 2018 said sales of Ether tokens were not securities transactions, which could undermine the SEC allegation that Ripple Labs sales of XRP were an illegal securities sale, tweeted pro-Ripple attorney John Deaton on Sunday. Story continues Deaton, who said the Hinman documents will move into the public domain even if the SEC and Ripple agree to settle, added that XRP is underpriced and predicted it will attract more buyers and climb to US$1 and beyond. The total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion. Forkast 500 gains; Bitcoin NFT sales fall The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 1.34% to 3,409.12 in the 24 hours to 10:20 a.m. in Hong Kong, moving up 0.66% for the week. NFT sales on Ethereum rose 18.19% in the past 24 hours to US$16.06 million, according to CryptoSlam data. The Solana, Polygon and Cardano networks also saw increased NFT sales in the past 24 hours. The Bitcoin blockchain, vying with Ethereum for NFT supremacy, saw its 24-hour NFT sales drop 33.64% to US$4.31 million as the hype for $OXBT BRC-20 NFTs faded. The newly launched NFT collection, which accounts for more than a third of sales on the Bitcoin network, posted a\xa0 50.97% sales slide in the 24 hours to US$1.52 million. Nakamigos, an Ethereum-based NFT collection, saw the largest sales in the same period across the market, rising 12.27% to US$2.06 million. Elsewhere, Reddit Collectible Avatars, an NFT collection launched by Reddit in July 2022 that act as customizable avatars on the popular social media, had almost 10 million holders as of Tuesday morning, according to data from Dune Analytics , signalling a milestone for Reddit\x92s Web 3.0 initiatives . The growing popularity of Reddit\x92s NFT project lies in its simplicity, said Web3 technology firm Redeem Co-Founder Toby Rush in an earlier commentary . \x93Importantly, Reddit\x92s activation avoided any mention of NFTs. The assets were easy to understand and use, brought real utility to those who held them, and could be purchased with traditional fiat, not crypto.\x94 U.S. futures gain U.S. House Speaker Kevin McCarthy. Image: Getty Images U.S. stock futures traded higher as of 1:50 p.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.11%. The S&P 500 futures gained 0.23%, and the Nasdaq futures rose 0.39%. The gains came on the back of the debt ceiling deal in Washington, likely removing the risk of a U.S. government default. The bill would suspend the debt limit until January 2025, and will be voted on by Congress on Wednesday. The bill included a block on a proposed tax on electricity used by cryptocurrency miners, a positive for the U.S. crypto mining industry. With the debt ceiling threat seemingly removed, U.S. investor focus could return to interest rates after the personal consumption expenditures price index released on Friday showed inflation remains a risk, indicating the Federal Reserve could keep interest rates higher for longer. The Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 40.4% chance the Fed will keep rates unchanged in June, and a 59.6% chance for another 25 basis-point rate hike, down from 63% on Monday, but still a sharp increase from 25.7% on May 22. Boosted by the rate hike expectation and relieved debt ceiling concerns, treasury futures linked to the U.S. government bond market rallied on Monday, according to Bloomberg , which could add to the pressure on riskier assets, such as stocks and cryptocurrencies. Other economic data out this week include the U.S. Manufacturing Purchasing Managers Index (PMI) on Thursday, a measure of the health of manufacturing industries.\xa0 A reading above 50 indicates expansion, below 50 a contraction.', 'A proposed tax on electricity used by cryptocurrency miners in the U.S. has been scrapped in the deal between U.S. President Joe Biden and House Speaker Kevin McCarthy to raise the country’sdebt ceiling, according to Republican congressman Warren Davidson.\nSee related article:Biden administration pushes for 30% electricity tax in swipe at crypto miners\n• Davidson on Sundaytweeteda link to the “Fiscal Responsibility Act of 2023,” a draft bill that would allow the U.S. to raise the debt ceiling to prevent a national\xa0default.\n• Davidson said in a following tweet the bill didn’t include a tax on cryptocurrency miners equal to 30% of the cost of the power they use – a levy the Biden administration has beencampaigningfor.\n• “Yes, one of the victories is blocking proposed taxes,” Davidson tweeted, in response to a separatetweetfrom Pierre Rochard, vice president of research at Bitcoin mining firm Riot Platforms, who asked for confirmation that the energy excise tax had been ditched.\n• In March, the Biden administrationproposedthe “Digital Asset Mining Energy excise tax” as part ofthis year’s budgetfrom the U.S. Treasury Department, citing what it calls “negative spillovers” from the industry.\n• While the tax was seen as a clear down arrow for the industry, shares in listed crypto miners in the U.S. have bounced back since as the price of Bitcoin itself surged more than 65% this year, offsetting the tax concerns.\n• Shares of Riot Platforms on Nasdaq have risen 77.8% since March 1, while Marathon Digital Holdings have climbed 37.2% in the same period, indicating they may have further to run with the tax threat removed.\n• In addition, some U.S. states have rolled out a welcome mat for crypto miners. In April, ArkansasjoinedMontana and Texas to propose legislation to ensure the businesses of Bitcoin mining firms were protected under the law.\n• U.S. lawmakers are expected to vote on the debt ceiling deal on May 31.\nSee related article:Bitcoin mining difficulty rises to a new all-time high', "SINGAPORE, May 30 (Reuters) - Bitcoin prices on the Australian arm of Binance, the world's largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world's biggest cryptocurrency, bitcoin , was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted at $27,790 outside Australia. Binance did not immediately respond to Reuters request for comment. Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. Binance has been battling regulatory suits and probes around the world. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson Editing by Vidya Ranganathan)", "SINGAPORE, May 30 (Reuters) - Bitcoin prices on the Australian arm of Binance, the world's largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly.\nThe price of the world's biggest cryptocurrency, bitcoin , was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange.\nBitcoin was quoted at $27,790 outside Australia.\nBinance did not immediately respond to Reuters request for comment.\nEarlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service.\nBinance has been battling regulatory suits and probes around the world. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson Editing by Vidya Ranganathan)", 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly.\nThe price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange.\nBitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp.\n"Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement.\n"As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services."\nEarlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service.\nThe company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations.\nBinance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world.\nThe company initially did business solely in crypto, enabling it to avoid the global banking system.\nBut as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client.\nBinance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported.\n($1 = 1.4743 Australian dollars)\n(Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp. "Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement. "As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services." Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. Binance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world. The company initially did business solely in crypto, enabling it to avoid the global banking system. But as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client. Binance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp. "Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement. "As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services." Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. Binance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world. The company initially did business solely in crypto, enabling it to avoid the global banking system. But as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client. Binance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world\'s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world\'s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted around $27,790 outside Australia on other exchanges such as Bitstamp. "Due to the recent removal of fiat on-ramp services by our payment processor\'s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June," a Binance spokesperson said in an emailed statement. "As a result, AUD pairs have experienced less liquidity which has impacted their pricing. We will be delisting remaining AUD pairs in line with the closure of fiat off ramp services." Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service. The company said in April it would close its Australian derivatives business after relinquishing a financial services licence amid a regulatory probe into its operations. Binance, which accounts for as much as 70% of world trading in cryptocurrencies, has been battling regulatory suits and probes around the world. The company initially did business solely in crypto, enabling it to avoid the global banking system. But as Binance attracted more customers and hired more employees, its need for conventional bank accounts grew. It used Silvergate Bank, the U.S. lender that collapsed in March. The same month, New York\'s chief financial regulator took over another crypto-friendly bank, Signature Bank, where Binance was also a client. Binance has had limited success obtaining bank accounts for its small units. Most major banks turned the exchange down due to compliance concerns over crypto companies\' source of funds, according to company messages and former executives, Reuters reported. ($1 = 1.4743 Australian dollars) (Reporting by Ankur Banerjee in Singapore and Lewis Jackson in Sydney; Editing by Vidya Ranganathan and Jacqueline Wong)', 'Tokens worth over$587 millionof Ethereum scaling protocol Optimism are set to be released into the open market on Tuesday as part of a planned unlock plan, leading to prices of OP tokens falling 7%.\nWhen tokens are “unlocked,” their holders are then able to sell or swap that token if they wish to do so.\nThe more than 386 million optimism tokens are currently held by early contributors and investors, and the move will nearly double OP’s circulating supply – which stands at 335 million tokens on Tuesday morning.\nEarly investors are likely sitting on significant gains and could choose to take profits, contributing to immense selling pressure. As such, immediately available liquidity on OP token pairs across decentralized and centralized exchanges is under $10 million – and a single sell order of $600,000 coulddunk prices 2% furtheron Binance.\nThe unlock comes as OP tokens have been on a general downturn since February this year, sliding from $3 to $1.5 even as bitcoin (BTC) and ether (ETH) gained at least 50% in that period.\nOP trades at $1.50 as of Tuesday, with a trading volume of $103 million over the past 24 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $541,120,824,375 - Hash Rate: 379321882.1817001 - Transaction Count: 515246.0 - Unique Addresses: 713954.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Editor's note: This story and its headline were updated after publication to clarify that Arkham's Mt. Gox alert was triggered correctly. Bitcoin erased the gains made earlier today, plunging as much as 7% in an hour to below $28,000, perCoinGeckodata. At time of publication, theprice of Bitcoinstood at just under $27,750, down 4.6% on the day and 8.4% over the past week. The wider crypto market crashed alongside Bitcoin, with the top 10 coins by market cap all down over the past hour and 24 hours, barring stablecoins. Ethereum dropped in tandem with Bitcoin to just under $1,830. The news came on the heels of reports from blockchain analytics firm Arkham that wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved significant amounts of Bitcoin. Arkham CEO Miguel Morel toldDecryptthat the wallet movements weren't connected, meaning that the U.S. wasn't necessarily the one moving or selling assets related to Mt. Gox. Roughly an hour later, Arkham posted on Twitter that the alert wassent out in error, and only to a "small subset of users," which included Crypto Twitter account@tier10k, also known as DB. The company said a bug fix "related to Bitcoin alerts" on its systems caused the error but did not provide further details. Representatives for the company did not immediately respond toDecrypt's requests for comment. Finally, late Wednesday, the company revised its findings again. "We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case," Arkham wrote. "DB set two alerts on all Bitcoin transactions above $10k USD, with no counterparties set, then named the alerts 'Mt Gox' and 'US Gov.'" https://twitter.com/i/web/status/1651366459547713537 The bug fix triggered previously configured alerts, and "no one received inaccurate alert." The company went on to note that its alerts and the attention on Twitter had nothing to do with the sudden dip in the price of Bitcoin. "Neither the alert nor the tweet could have caused the sharp BTC price drop today, as the drop occurred between 19:17 and 20:01 UTC, and the alerts and tweet were sent afterwards at 20:07 UTC and 20:08 UTC respectively."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['PHILADELPHIA, PA / ACCESSWIRE / May 30, 2023 /High-powered industries often require long hours and intensive work, but entrepreneurial pursuits can be equally demanding on our daily schedules. For those venturing into or navigating start-up and entrepreneurial environments, a focus on wellness is essential for success, and can even provide an operational advantage. As a wellness advocate, Bitcoin thought leader, entrepreneur, and former professional football player,Jonathan Martinhas advice for maintaining balance in business and prioritizing wellness along the way.\nCreate a Morning Routine\nStarting the day with intention sets the tone for the rest of the day. Martin recommends creating a morning routine that includes meditation, stretching, making the bed, or any other activities that help you center yourself and prepare for the day ahead. This can also include the perfect cup of coffee and a healthy breakfast to fuel your body and mind for the day ahead. Starting the day as a person is essential - before you are an employee, a student, an athlete, or anything else, take time to be yourself.\n"Creating a reliable routine was important when I was a student-athlete. As a player on a Division 1 football team at Stanford University, one of the most rigorous academic institutions in the world, I found that I needed to manage my time better than I ever had before. Building a practical and sustainable routine really helped with that, and establishing consistency in the mornings set the rest of the day up for success," saysJonathan Martin.\nFind Ways to Move Your Body\nWhen you\'re working long hours, it can be challenging to find time to exercise. However, physical activity is essential for your mental and physical health. Martin recommends finding ways to move your body throughout the day, whether that\'s taking a walk during your lunch break, doing a quick yoga flow in your office, or hitting the gym before or after work.The Mayo Clinicsupports these suggestions, noting that moving the body can help reduce stress and increase energy levels.\n"As I\'ve transitioned into the world of business and pursued graduate studies, I\'ve noticed that I spend far more time sitting than I did when I was an athlete," saysJonathan Martin. "But research shows that excessive sitting can have negative effects on both our physical and mental well-being. As a professional athlete, and now as someone who is consistently learning and creating strategy, I understand the crucial role that physical activity plays in maintaining mental sharpness. That\'s why I make a point of being intentional about moving my body every day, whether it\'s through a workout, a walk, or some other form of exercise. By prioritizing my physical health, I\'m able to stay focused, energized, and productive in all areas of my life."\nPrioritize Self-care\nSelf-care looks different for everyone, but it\'s essential to prioritize it in high-powered industries. This can include taking breaks throughout the day to recharge, practicing mindfulness, or engaging in activities that bring you joy outside of work. Martin emphasizes the importance of taking care of yourself, so you have the mental and physical energy to perform at your best.\n"You don\'t need to be moving at a million miles per hour all the time. Taking care of yourself is not a luxury, it\'s a necessity, and it\'s a lesson I wish I had learned earlier. I\'ve made self-care a priority over the last few years and it\'s completely changed the way I interact with the world for the better. I really feel empowered to make the most of every opportunity," saysJonathan Martin.\nBuild a Support System\nHaving a support system is critical in high-powered industries, where high demands can be overwhelming for many. Martin recommends building relationships with coworkers and mentors who can offer guidance and support. Additionally, finding friends and family outside of work who can provide a listening ear and offer a different perspective can also be helpful.\n"Whether it was winning bowl games or starting new companies, it was always clear to me that so much of sustained success and wellbeing depends on who you have around you," saysJonathan Martin. "I have such a supportive network, and I feel so fortunate for that. That\'s why I make it a priority to give back to my local community by volunteering every week. I believe that when people feel seen and heard, they are more empowered to elevate themselves. By investing in others, we can all rise together."\nPractice Gratitude\nIt\'s easy to get caught up in the demands and stress of high-powered industries, but practicing gratitude can help shift your perspective and reduce stress. Martin suggests starting a gratitude journal, where you write down three things you\'re grateful for each day. Focusing on the positive aspects of your life can help you feel more content and fulfilled.\nJonathan Martinnotes: "Melodie Beattie once said that \'Gratitude turns what we have into enough, and more. It turns denial into acceptance, chaos into order, confusion into clarity… it makes sense of our past, brings peace for today, and creates a vision for tomorrow.\' I know from personal experience how easy it is to get swept up in the stress and demands of life. But when I focus on gratitude, it shifts my perspective and helps me see things in a more positive light. I\'m grateful for the time I had in football. I\'m grateful for the experiences I\'ve had starting a business that found serious success. I\'m grateful for the degrees I now hold from Stanford and Georgetown. I\'m also grateful for the opportunities before me to study Bitcoin and monetary policy in action. I\'m excited to use what I learn to financially empower my community."\nWhile prioritizing wellness in high-powered industries may be challenging, it is imperative to recognize that investing in our well-being pays off in the long run. By adopting healthy habits such as a morning routine, regular physical exercise, and self-care practices, we can mitigate the negative effects of stress and increase our overall productivity and job satisfaction. Build a support system and practice gratitude to cultivate a positive mindset every day. Taking care of ourselves should be a top priority to achieve success and fulfillment in both our personal and professional lives. Consistency and intentionality around wellness can create a significant advantage for entrepreneurs and anyone working jobs with high demand.\nContact Information:\nAndrew MitchellEmail:[email protected]: 404-955-7133\nSOURCE:Cambridge Global\nView source version on accesswire.com:https://www.accesswire.com/758102/Jonathan-Martin-Shares-Tips-for-Wellness-Through-Entrepreneurial-Pursuits', 'Good morning. Here’s what’s happening:\nPrices:A new report from K33 highlights heightened volatility in Bitcoin and Ether in 2023, despite a slow start to the year.\nInsights:Observers suggest that the market needs a new driver to lift prices higher. Could ether be that driver?\nCoinDesk Market Index (CMI)\n1,198\n+0.9▲0.1%\nBitcoin (BTC)\n$27,686\n−54.0▼0.2%\nEthereum (ETH)\n$1,901\n+8.4▲0.4%\nS&P 500\n4,205.52\n+0.1▲0.0%\nGold\n$1,978\n+33.7▲1.7%\nNikkei 225\n31,328.16\n+94.6▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,198", "+0.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,686", "\\u221254.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+8.4\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,205.52", "+0.1\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+33.7\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,328.16", "+94.6\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nVolatility is Expected, But Was it Missed?\nGood morning Asia,\nBitcoin is opening the East Asia trading day at $27,686, down 0.2% while Ether is at $1,901, up 0.4%.\n2023 has been an odd year for crypto. In December, during the depths of crypto winter, the price predictions for bitcoin were pretty grim. $10-12K by the first quarter of 2023,said VanEck.\nBut a lot has happened since then. Ordinals, bank failure, a liquidity crisis.\nBetweenMarchand mid-May, the market was fairly stale, and bitcoin barely moved.\nA new report fromK33 Researchsays this is beginning to change.\nBitcoin\'s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan\'s re-election as president of Turkey, K33 said in the report.\nK33 said that this surge was partially amplified by over-leveraged shorts creating a decrease in open interest. At the same time, progress in U.S. debt ceiling negotiations spurred a rally in the crypto and U.S. equities markets.\nAll of this, they say, along with the transformation in the crypto market structure with stablecoins and ether gaining prominence, and bitcoin\'s increased yet comparatively lower dominance, indicates a resemblance to the previous bear market with potentially insufficient de-risk rotation.\nThe cure for all of this ismore liquidity, but that’s nowhere in sight.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.6%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22121.3%", "DACS Sector": "Currency"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}]\nCould Ether Be the Next Market Driver?\nEther is set to end May flat, down 0.3%, while bitcoin, against ether,is down nearly 7%.\nIndeed, bitcoin is on track for its first monthly loss since December,as CoinDesk previously reported, primarily due to the increased likelihood that the U.S. central bank will maintain elevated interest rates, boosting the U.S. dollar and causing a decline in the crypto market.\nExperts suggest that the market needs a new driver to lift prices higher.\nEther has that driver.\nDuring the last month, over 143,830 ether worth $275 million has been burnt, according to trackerultrasound.money.\nEther is well into its deflationary stage, with a negative supply growth of 1.46% per year. The network is forecasted by the tracker to burn 2,441,000 ether this year, or approximately $4.5 billion worth.\nIn contrast, if Ethereum stayed on as a Proof of Work protocol, it would be on track for supply growth of 2%, the tracker shows.\nData shows that because of Ethereum\'s deflationary stance, ether and bitcoin are breaking their correlation.\nThe positive correlation between the two digital assets has weakened this year, suggesting a long-lasting market shift where they operate more independently due to diverging supply-demand economics.\n"What we are seeing could be the beginning of a long-term regime change. As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two tokens will continue to diverge," Pulkit Goyal, Vice President of trading at OrBit Markets,previously told CoinDesk.\nOver 13% of all ether in existence has been staked,according to CryptoQuant data, leading to ether balances on exchangeshitting all-time lows.\nEther is up 2.8% over the last week, while bitcoin has lagged behind, up only 2% during the same period.\nLondon Blockchain Conference\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Monthly Consumer Price Index (YoY/April)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Gross Domestic Product Annualized (Q1)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin on Pace for First Monthly Loss in 6 Months; NFT Lending Market Share Outlook\nBitcoin (BTC) still appeared on track for its first monthly loss since December. This comes as Berenberg noted that MicroStrategy (MSTR) represents an attractive alternative to Coinbase (COIN) for investors looking to gain exposure to the cryptocurrency sector. Berenberg equity research analyst Mark Palmer shared his analysis. Plus, DappRadar web3 analyst Sara Gherghelas joined "First Mover" to discuss a new report on NFT lending marketplace Blend. And, LabDAO co-founder Niklas Rindtorff weighed in on the future of open-source drug discovery.\nBitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country:The crypto exchange halted Australian dollar bank transfers early May.\nBRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs:The new token standard allows traders to burn their ERC-721 NFTs and transfer them to inscriptions on the Bitcoin network.\nThe Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook:Canto\'s slide is an example of fickle crypto investors\' lack of appetite in DeFi.\nStablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay:The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure.\nOptimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply:The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.', 'Good morning. Here’s what’s happening: Prices: A new report from K33 highlights heightened volatility in Bitcoin and Ether in 2023, despite a slow start to the year. Insights: Observers suggest that the market needs a new driver to lift prices higher. Could ether be that driver? Prices CoinDesk Market Index (CMI) 1,198 +0.9 ▲ 0.1% Bitcoin (BTC) $27,686 −54.0 ▼ 0.2% Ethereum (ETH) $1,901 +8.4 ▲ 0.4% S&P 500 4,205.52 +0.1 ▲ 0.0% Gold $1,978 +33.7 ▲ 1.7% Nikkei 225 31,328.16 +94.6 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,198 +0.9 ▲ 0.1% Bitcoin (BTC) $27,686 −54.0 ▼ 0.2% Ethereum (ETH) $1,901 +8.4 ▲ 0.4% S&P 500 4,205.52 +0.1 ▲ 0.0% Gold $1,978 +33.7 ▲ 1.7% Nikkei 225 31,328.16 +94.6 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Volatility is Expected, But Was it Missed? Good morning Asia, Bitcoin is opening the East Asia trading day at $27,686, down 0.2% while Ether is at $1,901, up 0.4%. 2023 has been an odd year for crypto. In December, during the depths of crypto winter, the price predictions for bitcoin were pretty grim. $10-12K by the first quarter of 2023, said VanEck . But a lot has happened since then. Ordinals, bank failure, a liquidity crisis. Between March and mid-May, the market was fairly stale, and bitcoin barely moved. A new report from K33 Research says this is beginning to change. Bitcoin\'s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan\'s re-election as president of Turkey, K33 said in the report. K33 said that this surge was partially amplified by over-leveraged shorts creating a decrease in open interest. At the same time, progress in U.S. debt ceiling negotiations spurred a rally in the crypto and U.S. equities markets. Story continues All of this, they say, along with the transformation in the crypto market structure with stablecoins and ether gaining prominence, and bitcoin\'s increased yet comparatively lower dominance, indicates a resemblance to the previous bear market with potentially insufficient de-risk rotation. The cure for all of this is more liquidity , but that’s nowhere in sight. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +4.6% Currency Solana SOL +3.4% Smart Contract Platform Stellar XLM +1.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −1.3% Currency Polygon MATIC −0.8% Smart Contract Platform Chainlink LINK −0.6% Computing Insights Could Ether Be the Next Market Driver? Ether is set to end May flat , down 0.3%, while bitcoin, against ether, is down nearly 7% . Indeed, bitcoin is on track for its first monthly loss since December, as CoinDesk previously reported , primarily due to the increased likelihood that the U.S. central bank will maintain elevated interest rates, boosting the U.S. dollar and causing a decline in the crypto market. Experts suggest that the market needs a new driver to lift prices higher. Ether has that driver. During the last month, over 143,830 ether worth $275 million has been burnt, according to tracker ultrasound.money . (ultrasound.money) Ether is well into its deflationary stage, with a negative supply growth of 1.46% per year. The network is forecasted by the tracker to burn 2,441,000 ether this year, or approximately $4.5 billion worth. (ultrasound.money) In contrast, if Ethereum stayed on as a Proof of Work protocol, it would be on track for supply growth of 2%, the tracker shows. Data shows that because of Ethereum\'s deflationary stance, ether and bitcoin are breaking their correlation. The positive correlation between the two digital assets has weakened this year, suggesting a long-lasting market shift where they operate more independently due to diverging supply-demand economics. "What we are seeing could be the beginning of a long-term regime change. As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two tokens will continue to diverge," Pulkit Goyal, Vice President of trading at OrBit Markets, previously told CoinDesk . Over 13% of all ether in existence has been staked, according to CryptoQuant data , leading to ether balances on exchanges hitting all-time lows . Ether is up 2.8% over the last week, while bitcoin has lagged behind, up only 2% during the same period. Important events. London Blockchain Conference 9:30 a.m. HKT/SGT(1:30 UTC) Australia Monthly Consumer Price Index (YoY/April) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Gross Domestic Product Annualized (Q1) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin on Pace for First Monthly Loss in 6 Months; NFT Lending Market Share Outlook Bitcoin (BTC) still appeared on track for its first monthly loss since December. This comes as Berenberg noted that MicroStrategy (MSTR) represents an attractive alternative to Coinbase (COIN) for investors looking to gain exposure to the cryptocurrency sector. Berenberg equity research analyst Mark Palmer shared his analysis. Plus, DappRadar web3 analyst Sara Gherghelas joined "First Mover" to discuss a new report on NFT lending marketplace Blend. And, LabDAO co-founder Niklas Rindtorff weighed in on the future of open-source drug discovery. Headlines Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country : The crypto exchange halted Australian dollar bank transfers early May. BRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs : The new token standard allows traders to burn their ERC-721 NFTs and transfer them to inscriptions on the Bitcoin network. The Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook : Canto\'s slide is an example of fickle crypto investors\' lack of appetite in DeFi. Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay : The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure. Optimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply : The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.', "Tether, the issuer of the largest stablecoin in the market,USDT, has announced its entry into the energy sector with a focus on renewable energy production forBitcoinmining. The company said it will launch a Bitcoin mining arm in Uruguay, a country that generates 94% of its electricity from renewable sources such as wind and solar. On top of that, the stablecoin issuer said it will also invest in Uruguay's energy production industry and hire more team members to support its expansion.\nThe move is part of Tether's treasury management strategy, which involves investing up to 15% of its net profit in Bitcoin. Previously, Tether revealed it held about $1.5 billion in Bitcoin, which accounts for around 2% of its total reserves. Tether said it aims to minimize the environmental impact of Bitcoin mining through the use of renewable energy sources, while also adding to the security of the Bitcoin network.", "Tether to Start Mining Bitcoin in Uruguay Tether to Start Mining Bitcoin in Uruguay Tether, the issuer of the largest stablecoin in the market, USDT , has announced its entry into the energy sector with a focus on renewable energy production for Bitcoin mining. The company said it will launch a Bitcoin mining arm in Uruguay, a country that generates 94% of its electricity from renewable sources such as wind and solar. On top of that, the stablecoin issuer said it will also invest in Uruguay's energy production industry and hire more team members to support its expansion. The move is part of Tether's treasury management strategy, which involves investing up to 15% of its net profit in Bitcoin. Previously, Tether revealed it held about $1.5 billion in Bitcoin, which accounts for around 2% of its total reserves. Tether said it aims to minimize the environmental impact of Bitcoin mining through the use of renewable energy sources, while also adding to the security of the Bitcoin network.", "Tether, the issuer of the largest stablecoin in the market,USDT, has announced its entry into the energy sector with a focus on renewable energy production forBitcoinmining. The company said it will launch a Bitcoin mining arm in Uruguay, a country that generates 94% of its electricity from renewable sources such as wind and solar. On top of that, the stablecoin issuer said it will also invest in Uruguay's energy production industry and hire more team members to support its expansion.\nThe move is part of Tether's treasury management strategy, which involves investing up to 15% of its net profit in Bitcoin. Previously, Tether revealed it held about $1.5 billion in Bitcoin, which accounts for around 2% of its total reserves. Tether said it aims to minimize the environmental impact of Bitcoin mining through the use of renewable energy sources, while also adding to the security of the Bitcoin network.", 'Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets.\nBitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according todatafrom CoinMarketCap. The world’s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level.\nDigital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesdayreportfrom European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals\xa0US$272 million — an indication that bearish sentiment continues to weigh heavily on the crypto market.\nEther inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin.\nXRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%.\nMarkus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token’s surge could be linked to theannouncementof a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SECchargesthat he had engaged in insider trading.\nThat resolution could, Thielen suggests, benefit Ripple — the issuer of XRP — in its own legal dispute with the SEC, leading to gains for XRP.\nElsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week.\nThe total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.22% to 3,403.49 in the 24 hours to 10:50 a.m. in Hong Kong, but edged up 0.32% for the week.\nNFT sales on Ethereum rose 22.00% in the past 24 hours to US$18.23 million. That rise was spearheaded by Bored Ape Yacht Club (BAYC) transactions, according toCryptoSlamdata. Meanwhile, NFT sales on Bitcoin fell 18.77% to US$3.52 million.\nBAYC sales totaled US$2.86 million on Tuesday, almost three times higher than sales of the collection throughout Monday.\n“The rise in BAYC volume is interesting as some of the larger transactions price doesn’t match the traits/rarity,” said Eric Dettman, NFT advisor at CryptoSlam. “They aren’t washes on paper but there may be some behind the scenes dealing going on.”\nBRC-721E token standardwas launched on Monday. The initiative allows traders to move their Ethereum-based NFTs to the Bitcoin network. That process is irreversible as it permanently burns the NFT on the Ethereum network before transfer.\n“Now we’ll get to see traders’ convictions on the Bitcoin ecosystem play out in real time,”saidYehudah Petscher, NFT Strategist at Forkast Labs. “At this point, no one can deny that Bitcoin’s NFTs are here to stay, but the question of ‘Will Bitcoin NFTs flip Ethereum NFTs?’ is another story. I think they will.”\nNFT trader sentiment is also seeing a boost from Web3 developments in China and Russia.\nOn May 23, China’s national broadcaster CCTVreportedon Hong Kong’s recent crypto regulation drive. That unexpected move preceded the release of aWeb 3.0 white paperby the municipal government of Beijing. The wide-reaching paper\xa0covers sectors including NFTs and the metaverse.\n“Chinais coming into NFTs and crypto, andRussiawill use crypto to settle payments across borders,” said Petscher. “These two major announcements are bringing excitement back to the NFT and crypto markets and lead many to believe that these alone can turn the market around.”\nU.S. stock futures fell as of 12:00 p.m. in Hong Kong, with Dow Jones Industrial Average futures dipping 0.34%, S&P 500 futures down 0.25%, and the Nasdaq futures losing 0.15%.\nInvestors are jittery ahead of the U.S. Congress’ vote on the debt ceiling deal to avoid a default in the world’s biggest economy. The House vote is on Wednesday and could face objections, according to theAssociated Press.\nAn additional concern for investors is interest rate policy at the Federal Reserve. Loretta Mester, president of the Federal Reserve Bank of Cleveland, told the Financial Times there was no “compelling reason to pause” rate hikes in June, citing “embedded, stubborn inflationary pressure,” according to areporton Wednesday.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 37.0% chance the Fed will keep rates unchanged in June, and a 63.0% chance for another 25 basis-point rate hike, up from 59.6% on Tuesday.\nThe U.S. employment report will be released on Friday, giving another insight into the state of the economy and inflation pressure.', 'Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets. Bitcoin, Ether flat; XRP surges Bitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according to data from CoinMarketCap. The world\x92s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level. Digital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesday report from European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals\xa0US$272 million \x97 an indication that bearish sentiment continues to weigh heavily on the crypto market. Ether inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week. Most other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin. XRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%. Markus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token\x92s surge could be linked to the announcement of a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SEC charges that he had engaged in insider trading. Story continues That resolution could, Thielen suggests, benefit Ripple \x97 the issuer of XRP \x97 in its own legal dispute with the SEC, leading to gains for XRP. Elsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week. The total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion. Excitement returns to NFT market The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.22% to 3,403.49 in the 24 hours to 10:50 a.m. in Hong Kong, but edged up 0.32% for the week. NFT sales on Ethereum rose 22.00% in the past 24 hours to US$18.23 million. That rise was spearheaded by Bored Ape Yacht Club (BAYC) transactions, according to CryptoSlam data. Meanwhile, NFT sales on Bitcoin fell 18.77% to US$3.52 million. BAYC sales totaled US$2.86 million on Tuesday, almost three times higher than sales of the collection throughout Monday. \x93The rise in BAYC volume is interesting as some of the larger transactions price doesn\x92t match the traits/rarity,\x94 said Eric Dettman, NFT advisor at CryptoSlam. \x93They aren\x92t washes on paper but there may be some behind the scenes dealing going on.\x94 BRC-721E token standard was launched on Monday. The initiative allows traders to move their Ethereum-based NFTs to the Bitcoin network. That process is irreversible as it permanently burns the NFT on the Ethereum network before transfer. \x93Now we\x92ll get to see traders\x92 convictions on the Bitcoin ecosystem play out in real time,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs. \x93At this point, no one can deny that Bitcoin\x92s NFTs are here to stay, but the question of \x91Will Bitcoin NFTs flip Ethereum NFTs?\x92 is another story. I think they will.\x94 NFT trader sentiment is also seeing a boost from Web3 developments in China and Russia. On May 23, China\x92s national broadcaster CCTV reported on Hong Kong\x92s recent crypto regulation drive. That unexpected move preceded the release of a Web 3.0 white paper by the municipal government of Beijing. The wide-reaching paper\xa0covers sectors including NFTs and the metaverse. \x93 China is coming into NFTs and crypto, and Russia will use crypto to settle payments across borders,\x94 said Petscher. \x93These two major announcements are bringing excitement back to the NFT and crypto markets and lead many to believe that these alone can turn the market around.\x94 U.S. futures dip before debt ceiling vote Image: Envato Elements U.S. stock futures fell as of 12:00 p.m. in Hong Kong, with Dow Jones Industrial Average futures dipping 0.34%, S&P 500 futures down 0.25%, and the Nasdaq futures losing 0.15%. Investors are jittery ahead of the U.S. Congress\x92 vote on the debt ceiling deal to avoid a default in the world\x92s biggest economy. The House vote is on Wednesday and could face objections, according to the Associated Press . An additional concern for investors is interest rate policy at the Federal Reserve. Loretta Mester, president of the Federal Reserve Bank of Cleveland, told the Financial Times there was no \x93compelling reason to pause\x94 rate hikes in June, citing \x93embedded, stubborn inflationary pressure,\x94 according to a report on Wednesday. The Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 37.0% chance the Fed will keep rates unchanged in June, and a 63.0% chance for another 25 basis-point rate hike, up from 59.6% on Tuesday. The U.S. employment report will be released on Friday, giving another insight into the state of the economy and inflation pressure.', 'Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets.\nBitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according todatafrom CoinMarketCap. The world’s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level.\nDigital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesdayreportfrom European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals\xa0US$272 million — an indication that bearish sentiment continues to weigh heavily on the crypto market.\nEther inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin.\nXRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%.\nMarkus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token’s surge could be linked to theannouncementof a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SECchargesthat he had engaged in insider trading.\nThat resolution could, Thielen suggests, benefit Ripple — the issuer of XRP — in its own legal dispute with the SEC, leading to gains for XRP.\nElsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week.\nThe total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.22% to 3,403.49 in the 24 hours to 10:50 a.m. in Hong Kong, but edged up 0.32% for the week.\nNFT sales on Ethereum rose 22.00% in the past 24 hours to US$18.23 million. That rise was spearheaded by Bored Ape Yacht Club (BAYC) transactions, according toCryptoSlamdata. Meanwhile, NFT sales on Bitcoin fell 18.77% to US$3.52 million.\nBAYC sales totaled US$2.86 million on Tuesday, almost three times higher than sales of the collection throughout Monday.\n“The rise in BAYC volume is interesting as some of the larger transactions price doesn’t match the traits/rarity,” said Eric Dettman, NFT advisor at CryptoSlam. “They aren’t washes on paper but there may be some behind the scenes dealing going on.”\nBRC-721E token standardwas launched on Monday. The initiative allows traders to move their Ethereum-based NFTs to the Bitcoin network. That process is irreversible as it permanently burns the NFT on the Ethereum network before transfer.\n“Now we’ll get to see traders’ convictions on the Bitcoin ecosystem play out in real time,”saidYehudah Petscher, NFT Strategist at Forkast Labs. “At this point, no one can deny that Bitcoin’s NFTs are here to stay, but the question of ‘Will Bitcoin NFTs flip Ethereum NFTs?’ is another story. I think they will.”\nNFT trader sentiment is also seeing a boost from Web3 developments in China and Russia.\nOn May 23, China’s national broadcaster CCTVreportedon Hong Kong’s recent crypto regulation drive. That unexpected move preceded the release of aWeb 3.0 white paperby the municipal government of Beijing. The wide-reaching paper\xa0covers sectors including NFTs and the metaverse.\n“Chinais coming into NFTs and crypto, andRussiawill use crypto to settle payments across borders,” said Petscher. “These two major announcements are bringing excitement back to the NFT and crypto markets and lead many to believe that these alone can turn the market around.”\nU.S. stock futures fell as of 12:00 p.m. in Hong Kong, with Dow Jones Industrial Average futures dipping 0.34%, S&P 500 futures down 0.25%, and the Nasdaq futures losing 0.15%.\nInvestors are jittery ahead of the U.S. Congress’ vote on the debt ceiling deal to avoid a default in the world’s biggest economy. The House vote is on Wednesday and could face objections, according to theAssociated Press.\nAn additional concern for investors is interest rate policy at the Federal Reserve. Loretta Mester, president of the Federal Reserve Bank of Cleveland, told the Financial Times there was no “compelling reason to pause” rate hikes in June, citing “embedded, stubborn inflationary pressure,” according to areporton Wednesday.\nThe Federal Reserve meets on June 14 to decide on rates, which are now between 5 and 5.25%, the highest since 2006.The CME FedWatch Toolpredicts a 37.0% chance the Fed will keep rates unchanged in June, and a 63.0% chance for another 25 basis-point rate hike, up from 59.6% on Tuesday.\nThe U.S. employment report will be released on Friday, giving another insight into the state of the economy and inflation pressure.', '• US stocks traded mixed on Tuesday as investors await completion of the debt ceiling deal.\n• The US Treasury has indicated that it could run out of money by June 5, so the clock is ticking.\n• Continued excitement surrounding artificial intelligence helped power the Nasdaq higher.\nUS stocks finished mixed on Tuesday, after paring earlier gains as investors await completion of therecent debt ceiling dealmade between House Speaker Kevin McCarthy and President Joe Biden.\nThe deal wouldraise the debt ceiling until January 2025and includes various spending cuts and deficit reduction measures, including keeping non-defense discretionary spending roughly flat in 2024, with only a 1% increase in 2025.\nThe deal will allow the US to avoid the fast-approaching "X-date," when the Treasury runs out of money to pay its bills. Treasury Secretary Janet Yellen estimates that day could come on June 5.\nThe deal still has to be voted on and passed in the House and Senate chambers of Congress before going to Biden for his signature. And several Republicans voiced opposition to the deal on Tuesday, threatening prospects of its passage.\nMeanwhile, artificial intelligence stocks continued to jump on Tuesday, with shares of Nvidia jumping about 3% to a record high. The stock briefly hita $1 trillion valuation for the first time ever.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday:\n• S&P 500:4,205.52, unchanged\n• Dow Jones Industrial Average:33,042.78, down 0.15% (50.56 points)\n• Nasdaq Composite:13,017.43, up 0.32%\nHere\'s what else is happening this morning:\n• Nvidia stock surged 4% after the company unveiled new artificial intelligence products over the weekend, including the DGX Gh200 AI Supercomputer.\n• Microsoft\'s market capitalizationcould surge by $300 billion thanks to the rise of AIand its exposure to ChatGPT, according to Wedbush.\n• Wharton professor Jeremy Siegeldoesn\'t see the mania around AI stocks as a bubble— and said it\'s impossible to predict where these mega-cap tech stocks will peak.\n• Steve Cohen\'s Point72 fundlikely scored a swift $100 million gain on its Nvidia stockover the past two months.\n• Elon Muskis once again ringing the alarm on the US real estate sector."Commercial real estate is melting down fast. Home values next," the Tesla and SpaceX chief tweeted\xa0on Monday.\n• UShousing prices increased 4.3% in the first quarterof the year, but a bifurcated market means notable geographical areas of strength and weakness.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 4.03% to $69.74 per barrel.Brent crude, oil\'s international benchmark, dropped 4.22% to $73.82.\n• Goldrose 1.75% to $1,978.40 per ounce.\n• The yield on the 10-year Treasury fell 11 basis points to 3.69%.\n• Bitcoin rose 0.45% to $27,869, while ether jumped 0.84% to $1,908.\nRead the original article onBusiness Insider', 'An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. Drew Angerer/Getty Images US stocks traded mixed on Tuesday as investors await completion of the debt ceiling deal. The US Treasury has indicated that it could run out of money by June 5, so the clock is ticking. Continued excitement surrounding artificial intelligence helped power the Nasdaq higher. US stocks finished mixed on Tuesday, after paring earlier gains as investors await completion of the recent debt ceiling deal made between House Speaker Kevin McCarthy and President Joe Biden. The deal would raise the debt ceiling until January 2025 and includes various spending cuts and deficit reduction measures, including keeping non-defense discretionary spending roughly flat in 2024, with only a 1% increase in 2025. The deal will allow the US to avoid the fast-approaching "X-date," when the Treasury runs out of money to pay its bills. Treasury Secretary Janet Yellen estimates that day could come on June 5. The deal still has to be voted on and passed in the House and Senate chambers of Congress before going to Biden for his signature. And several Republicans voiced opposition to the deal on Tuesday, threatening prospects of its passage. Meanwhile, artificial intelligence stocks continued to jump on Tuesday, with shares of Nvidia jumping about 3% to a record high. The stock briefly hit a $1 trillion valuation for the first time ever. Here\'s where US indexes stood at the 4:00 p.m. ET close on Tuesday: S&P 500 : 4,205.52, unchanged Dow Jones Industrial Average : 33,042.78, down 0.15% (50.56 points) Nasdaq Composite : 13,017.43, up 0.32% Here\'s what else is happening this morning: Nvidia stock surged 4 % after the company unveiled new artificial intelligence products over the weekend, including the DGX Gh200 AI Supercomputer. Microsoft\'s market capitalization could surge by $300 billion thanks to the rise of AI and its exposure to ChatGPT, according to Wedbush. Wharton professor Jeremy Siegel doesn\'t see the mania around AI stocks as a bubble — and said it\'s impossible to predict where these mega-cap tech stocks will peak. Steve Cohen\'s Point72 fund likely scored a swift $100 million gain on its Nvidia stock over the past two months. Elon Musk is once again ringing the alarm on the US real estate sector. "Commercial real estate is melting down fast. Home values next," the Tesla and SpaceX chief tweeted\xa0on Monday. US housing prices increased 4.3% in the first quarter of the year, but a bifurcated market means notable geographical areas of strength and weakness. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 4.03% to $69.74 per barrel. Brent crude , oil\'s international benchmark, dropped 4.22% to $73.82. Gold rose 1.75% to $1,978.40 per ounce. The yield on the 10-year Treasury fell 11 basis points to 3.69%. Bitcoin rose 0.45% to $27,869, while ether jumped 0.84% to $1,908. Read the original article on Business Insider', 'Singapore --News Direct-- Huobi Singapore / May 31, 2023 / Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC). By joining HKVAC, an organization dedicated to providing credit ratings for crypto asset exchanges and trading products. Huobi aims to develop a venture capital database that caters to the needs of the market, actively engage in educating the public about crypto investments, and offer Hong Kong traders a "one-stop" crypto asset trading service. Ultimately, with Huobi Hong Kong (Huobi HK) as the pivot, Huobi is committed to supporting Hong Kong in its efforts to become a global Web3 hub. HKVAC is said to be a collaboration of many crypto industry players, including exchanges, institutional investors, and Hong Kong-licensed rating agencies. It was established primarily to enhance the industry\'s capabilities in security risk management and to assist the Central Government and Hong Kong\'s local authorities in building a world-leading hub for virtual asset and digital finance. At the same time, it commits itself to creating a safe, open and transparent environment for crypto asset investments under the guidance of "Hong Kong\'s new crypto regulations.” It will also promote the acceptance and recognition of crypto assets by helping the public gain systematic, correct and secure knowledge about crypto investments. As an exchange that always prioritizes "global security and compliance operations", Huobi has maintained the best industry record of 100% functionality and no security incidents for ten years since its inception. Huobi will bring its expertise in security technology and its compliant, standardized processes to HKVAC as a reference. Together they can provide risk management indicators to investors in the industry and set strict rating standards to evaluate existing exchanges, so that more crypto investors can have a clear understanding of the risk level of their investments. This will accelerate the creation of a safe and friendly crypto environment in Hong Kong. Story continues In addition, as a pioneer in establishing itself as a Web3 gateway, Huobi will join hands with HKVAC to continuously pursue multi-dimensional collaborations and advancements in technology, data, and ecosystem development. Together, Huobi and HKVAC will facilitate the application of Web3 infrastructure and build a bridge between the real world and the realm of Web3 to encourage wider acceptance and participation in Web3. These endeavors will drive the development of Hong Kong\'s Web 3.0 industry and serve as the stepping stones on Hong Kong\'s way to becoming a global hub for Web 3.0 (the third-generation Internet). As previously reported, Huobi will officially launch Huobi HK. Starting June 1, Huobi HK is expected to deliver unparalleled trading experiences to Web3 users through its wide range of products. Users can trade cryptocurrencies like BTC, ETH, TRX, LTC, BCH, DOGE, SHIB, BTT, SOL, ADA, and other major cryptocurrencies listed in the independent index on Huobi HK. A Huobi representative said that joining HKVAC will boost Huobi\'s business in Hong Kong and lay the foundation for future operations Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-05-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,279,095,875 - Hash Rate: 349729770.9452385 - Transaction Count: 421579.0 - Unique Addresses: 709100.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin, Ethereum, And Dogemiyagi: Is Dogemiyagi The Eth Of Meme Coins? Pepe Coin’s recent rally has brought meme coins even more traction than usual. This meme coin season has been one of the most exciting highlights of 2023’s Q2. While Pepe Coin and Shiba Inu might be leading the rally, a new presale token, DogeMiyagi (MIYAGI), has also been attracting a great deal of attention due to its combination of memetastic branding and incredible utility. This article will dive into what exactly MIYAGI can offer the meme coin market and compare it with Bitcoin’s (BTC) and Ethereum’s (ETH) impact on their markets. DogeMiaygi – Embracing Decentralization DogeMiaygi (MIYAGI) is not your ordinary cryptocurrency. With a strong emphasis on DeFi, MIYAGI aims to empower its token holders by recognizing their pivotal role in shaping the coin’s future. As a DAO, MIYAGI allows the community to participate actively in decision-making processes, ultimately steering the coin’s trajectory. By embracing this community-led approach, MIYAGI offers a unique cryptocurrency adventure where decentralization is the key driver. Its commitment to DeFi sets it apart from other meme tokens, showcasing its intent to redefine the meme coin sphere! Bitcoin’s Impact On The Cryptocurrency Market Bitcoin (BTC), the pioneer of cryptocurrencies, has undoubtedly left an indelible mark on the market. Its revolutionary decentralized nature was the first crypto to truly disrupt traditional financial systems and ushered in a new era of peer-to-peer transactions. Bitcoin’s impact has been monumental, instilling trust and legitimacy in the concept of cryptocurrencies. Its limited supply and decentralized network have attracted a global community of users, contributing to its widespread adoption and recognition as a digital store of value. Bitcoin’s influence extends beyond its technology, shaping the very foundations of the cryptocurrency market. Ethereum’s Influence on Its Market Ethereum (ETH), often hailed as the world’s decentralized computer, has reshaped the blockchain landscape. Beyond its native cryptocurrency Ether, Ethereum introduced the concept of smart contracts, opening the door to decentralized applications and the issuance of new tokens. Story continues This innovation has paved the way for a vibrant ecosystem of DeFi and NTFs. Ethereum’s versatility and programmability have propelled it to become the second-largest cryptocurrency by market cap, solidifying its impact on the market and positioning it as a catalyst for innovation! In the ever-evolving cryptocurrency market, Bitcoin, Ethereum, and meme coins have all played pivotal roles in shaping the industry. DogeMiaygi’s commitment to decentralization and its transformation into a DAO will give token holders significant influence over the coin’s future. Bitcoin, as the original cryptocurrency, has laid the groundwork for trust and disrupted traditional financial systems. Ethereum, with its smart contract capabilities, has unlocked endless possibilities, fostering the growth of DeFi and NFTs! Follow the Links For More Information on DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi... - Reddit Posts (Sample): [['u/jradxit2', 'Customs and BTC', 114, '2023-05-31 00:10', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/', 'Curious, how does having the keys to over 10k in BTC in your head apply?', 'https://i.redd.it/lyg85963333b1.jpg', '13w3r6r', [['u/coelectric', 28, '2023-05-31 00:54', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jm9kpax/', "What about your debit card with 10k or more? What about your credit card with 10k or more? It's not their business.", '13w3r6r'], ['u/Huge_Monero_Shill', 20, '2023-05-31 02:07', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jm9uwui/', 'Only if its a good hair day', '13w3r6r'], ['u/Normal-Knowledge4857', 20, '2023-05-31 02:23', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jm9wz2d/', 'Credit card is KYC. All those are bearer assets.', '13w3r6r'], ['u/cryptocam72', 88, '2023-05-31 04:45', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmaflwp/', 'It’s not on your person, it’s on the blockchain. No need to declare.', '13w3r6r'], ['u/cflynn07', 18, '2023-05-31 05:41', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmam5by/', 'Bitcoin fixes this', '13w3r6r'], ['u/pezdal', 17, '2023-05-31 06:29', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmara2y/', 'Makes it easier to rob you.', '13w3r6r'], ['u/zrad603', 40, '2023-05-31 07:45', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmayg9a/', 'I remember there was the case of a guy named Davi Barker who made a bunch of bitcoin lapel pins. He was selling them at a conference, and he got hassled by TSA for having a "bag full of bitcoin".', '13w3r6r'], ['u/SaneLad', 12, '2023-05-31 08:29', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmb240o/', 'Anti money laundering and capital controls.', '13w3r6r'], ['u/Bitcoin_Maximalist', 30, '2023-05-31 08:36', 'https://www.reddit.com/r/Bitcoin/comments/13w3r6r/customs_and_btc/jmb2ng0/', 'Bitcoin is worthless magic internet money. Nothing to declare here.', '13w3r6r']]], ['u/Dull-Soup-2640', 'What causes people to become silver bugs?', 36, '2023-05-31 01:18', 'https://www.reddit.com/r/Wallstreetsilver/comments/13w5fm7/what_causes_people_to_become_silver_bugs/', 'I have decided that I would like to allocate a small percentage of my earnings to the two precious metals gold and silver. \n\nI am a long btc stacker and I\'ve experienced life altering gains as well as life altering realizations.\n\nAs time went along, I started reading more and more books about money and economics in general and I learned a lot about gold and silver.\n\nI learned that people buy gold for the same reason people buy bitcoin (inflation, store of value, etc).\n\nI decided that I want to buy gold and silver because it\'s been the hardest money for the longest amount of time throughout human history.\n\nI\'m going to buy gold and silver, not as a way to profit, but as an "insurance" in case things hit the fan.\n\nMy main concern: WHY BUY SILVER??\n\n\n\nI\'ve read sources that don\'t like gold. I\'ve read sources that do like gold. I\'ve read sources that like gold but not silver. I\'ve read sources that like BOTH gold and silver.\n\nI\'ve seen horror stories of one twin buying silver and one twin buying bitcoin 10 years ago. I recently saw a reddit post about "hey guy after 15 year of silver stacking im giving up because I am at break even and all my other friends are in profit from sp500 and bitcoin"\n\nI\'ve heard that the production of silver will ramp up to meet demand, which means silver will never maintain a high price, because as soon as prices rise, production will rise which will bring down price.\n\n\n\nWhat do you guys think? What convincing reasons are there to buy silver? Because if there is no good reason, I will just buy maybe 1 silver for every 20 gold.', 'https://www.reddit.com/r/Wallstreetsilver/comments/13w5fm7/what_causes_people_to_become_silver_bugs/', '13w5fm7', [['u/rb109544', 10, '2023-05-31 01:59', 'https://www.reddit.com/r/Wallstreetsilver/comments/13w5fm7/what_causes_people_to_become_silver_bugs/jm9tqm9/', "Here's my take. I did market research a couple/few years back simply because covid was coming on and the boss wanted to know where the money in the market was flowing. Renewables at that time had gotten new stronger legs than the last small boom. So I turned in my report, yada yada yada...was sitting on the couch that night and told myself I've got to think 6 steps ahead...pondered what goes into renewables...out of all the things I know goes in, silver was the one that had cheap prices, and started collecting many many decades ago so I already loved it. The prior year I'd started collecting again and remembered how much I really loved it as a kid.\n\nFast forward, the more and more I researched it became obvious every single technology thing these days needs a lot more silver as copper is being pushed to it's limits. Massive new industrial consumption in combination with a supply shortage then supply chain disruptions. Now the banking and currency crisis has become more viable in mainstream news although most of us here saw it coming long ago...most of us old folks have the memory of not being $32T in debt. Mix in that GDP adds in deficit spending and it's currently barely above water...in reality it's negative GDP now. Inflation measures are all bad. Debt to GDP looks like shit. 10 yr - 2 yr spread is one of worst in history and way worse back to at leas the cold war. Dedollarizarion...although the world elites wont let that happen...it still hurts the dollar while all others race for the bottom.\n\nGold to Silver Ratio (GSR) up around 80...projections show 30 is realistic. Gold set to quickly go above $3k. Add in new industrial consumption and everything above, and that easily pushes silver $100+.\n\nI just like the shiny. I can afford a single small gold coin occassionally. I can afford a dozen silver coins regularly, so I get variety (sometimes at a higher premium). I can DCA easier with silver than gold. I just like the shiny...and the memes, let's not forget the WSS memes.", '13w5fm7']]], ['u/HrafnHaraldsson', 'What would happen if oil producers only accepted Bitcoin?', 30, '2023-05-31 01:34', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/', 'Like if a cartel of oil-producing nations decided that they would only accept Bitcoin in exchange for oil. Would it be "regime change" time? Totally global economic collapse? Business as usual some places, and hockey mask time in others? Like in what scale would things be effected?\n\nDisclaimer- I don\'t know shit about fuck, how the petrodollar works, the stock market, or economics in general. I\'m just a guy who knows my money is basically just delayed-onset toilet paper, and has been holding onto some sats because they\'re a more viable medium for digital exchange than silver or bullets or some shit. So please bear that in mind before roasting me, thank you.', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/', '13w5tak', [['u/gvictor808', 31, '2023-05-31 01:52', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jm9sv2k/', 'Wow if OPEC announced this they would amass insane wealth, and BTC would hit $500k in about two weeks.', '13w5tak'], ['u/Umpire_State_Bldg', 12, '2023-05-31 03:23', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jma53b9/', 'Eventually, oil producers will only accept Bitcoin. It will be a different world then.', '13w5tak'], ['u/FairBlamer', 13, '2023-05-31 03:38', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jma6yle/', '>delayed-onset toilet paper\n\nThat’s actually genius, I’m stealing that', '13w5tak'], ['u/Bisquick_in_da_MGM', 12, '2023-05-31 04:17', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmac1bv/', 'They would be liberated by the US military.', '13w5tak'], ['u/Analog_AI', 10, '2023-05-31 05:31', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmal1o9/', 'And 12 million in a year.', '13w5tak'], ['u/extrastone', 16, '2023-05-31 06:26', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmar0vw/', 'A word on OPEC: Their militaries are not very good (small size and local disunity) and so they accept the currency of the nation that offers them the best chance at defense. The Saudis are starting to accept Yuan because they want the Chinese to look at them as worthy of that defense.\n\nRight now there is not a bitcoin funded military that is capable of defending Saudi Arabia.', '13w5tak'], ['u/Difficult-Rough9914', 10, '2023-05-31 07:24', 'https://www.reddit.com/r/Bitcoin/comments/13w5tak/what_would_happen_if_oil_producers_only_accepted/jmawio1/', 'This is true within countries. When talking about transnational trade, governments want something that is stable & trustworthy. We’ve been on the petrodollar since 71. I think there are about 50 other countries that are using USD rather than their own sovereign currency. These countries are getting screwed now because the global reserve currency has been manipulated so much. There’s also been 17 sovereign defaults in the last two years compared to two in the previous two decades. I’d argue that there is no better ledger than Bitcoin to use as a unit of account for settlement of global trade. BIS has said they will allow central banks to hold up to 2% crypto starting in 2025. Apparently the banks were asking for 5%.\n\n\nBitcoin is inevitable', '13w5tak']]], ['u/anguyen11', 'How do I convince my friend this is a crypto scam.', 49, '2023-05-31 01:48', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/', 'My friend is convinced someone is helping him make money in crypto. \n\n1. They met on facebook, not in person.\n\n2. They had him install an app called bigbtc (I can’t find it on app store) and crypto.com (he also installed crypto.com as a “third party” app). \n\n3. They “loaned” him 10k in the app (called Bigbtc) and have been advising him to bid through that app. The app balance now shows 100k in USDT, but when he tries to withdraw, it asks for a “bank card” or crypto wallet address. \n\n4. Inputting that wallet address shows no change in his balance in crypto.com\n\n5. He says they asked him for 10k back so they can reveal the “method” to withdraw money from this app.\n\n6. The bigbtc app has no password to open and seemingly no security, unlike crypto.com where it hides the app info(when switching apps) and requires a password every time. \n\n\nHow do I convince him this is a scam? He is adamant about giving them 10k to withdraw the “100k” and has been asking his friends to borrow the money.\n\n\nUPDATE: \nI walked him through each point and showed him some patterns of pig-butchering scams. He seemed to understand, and I recommended he block the scammer.', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/', '13w6582', [['u/DPMx9', 71, '2023-05-31 01:59', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jm9trwp/', 'Your friend can either learn by looking at the hundreds of !crypto scam posts here...\n\nOr they can learn the hard way, by losing every penny they send to the scammers.\n\nBe available and be nice, but remember that you cannot rescue every kitten - people need to be willing to accept help in those situations, and some of them tend to be highly resistant to suggestions that their new found "fortunes" are not real.', '13w6582'], ['u/cyberiangringo', 11, '2023-05-31 02:49', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma0jx7/', 'He will find out in his own soon enough.', '13w6582'], ['u/DellaPatton1', 15, '2023-05-31 03:09', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma37k6/', "He hasn't made any money its all fake. All the money he sent them is gone. Look out for !recovery scammers claiming they can hack it back. Theyre scammers too.", '13w6582'], ['u/anguyen11', 16, '2023-05-31 03:13', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma3pli/', 'Theyre already in my dms lmao', '13w6582'], ['u/DellaPatton1', 14, '2023-05-31 03:16', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jma442s/', 'They are boils on the butt of society preying on desperate people.', '13w6582'], ['u/berrylife', 32, '2023-05-31 04:08', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jmaayje/', 'You can try sending him this thread… \n\nOPs friend, if you’re reading this - it’s a scam.', '13w6582'], ['u/Mediocre_Airport_576', 25, '2023-05-31 05:06', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jmai3zb/', ">They met on facebook, not in person.\n\nI mean... everything you listed is a red flag... but this is all you need to know. !crypto scam.\n\nNo need to read further: you don't find non-scammers who want to help you make money in crypto on Facebook or really anywhere else. \n\nIf these scammers \\actually\\ had a way to turn 10k into 100k in a short period of time, they could do it five more times and end up with 10,000,000,000. Why the hell would they need HIS money if they can 10x investments in short time frames? \n\nThe 100k balance is fake. They can show him any balance they want to. He's not only going to be out money, but he'll lose friends and family if they lend to him for this crap.\n\nTell him he's a fool, and that he's about to lose everything. Search this sub for various crypto scams to show him, if he's open to it.\n\nWatch out for !recovery scammers in your DMs, too. They are the scum of the earth.", '13w6582'], ['u/ElectroStaticSpeaker', 11, '2023-05-31 06:59', 'https://www.reddit.com/r/Scams/comments/13w6582/how_do_i_convince_my_friend_this_is_a_crypto_scam/jmau6t8/', 'It really boggles my mind how it makes sense to anyone that they would have to send money to reveal the method to with draw the money from a financial institution if it were legitimate. And why on earth would it cost 10k to do so? I am not suggesting that your friend send any money at all, but what is the explanation these scammers are providing for why it costs $10k instead of $1 to "reveal the method?" If he won\'t listen to any reason at all, perhaps you can at least convince him to reduce his exposure to a manageable amount. He still will lose the money. But hopefully it would be less than $10k.', '13w6582']]], ['u/yesweyolo', 'There will be another bull run', 239, '2023-05-31 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/', 'The halving creates a miraculous time of tremendous opportunity, one which theoretically will reach exhaustion at some point. Many people are convinced that 2025 is the year that the bullruns stop. They argue that there won\'t be enough of an impact from the halving. I would argue that barring outright economic collapse there will be another bull run, just like there was in 2013, 2017 and 2021. Let\'s look at some numbers:\n\nPre-halving: 6.25 BTC mined per block.\n\n900/day\n\n900 x $27,500 = $24,750,000\n\n44M unique addresses (26M more than 2020) and 250,000 confirmed transactions daily https://explodingtopics.com/blog/blockchain-stats\n\n"The Chinese are coming" (and I\'m sure the "Saudis are (still) buying"). The impact of this cannot be underestimated. Maybe it takes a while to kick in and I\'m sure they\'ll ban it again soon enough, but it will have an effect.\n\nPlus, the halving creates hype and brings other new users. When BTC touches $50K again, it will get attention from people who remember seeing that happen in 2021 and regretted being on the sidelines with no ticket. They\'ll start to look for influencers (including Forbes, CNBC, etc.) and they\'ll see the various projections of (bearishnumber), (reasonableexpection), (crazyhighnumber), etc. and they\'ll start to believe that they\'re still early. Dips will look like buying opportunities. The floor will continue to increase.\n\nMeanwhile, as of recently: 53% of coins haven\'t moved in 2 years https://decrypt.co/126006/more-bitcoin-than-ever-is-now-dormant-heres-what-that-means\n\nAssuming each user has 2-3 addresses (yes, I know you all have 10 😅 but the average user still probably has only 1 or 2) let\'s say $24,750,000/18,000,000 buyers = $10/week of buying to support $27.5K. Doable, obviously. \n\nNow let\'s cut the number of mined BTC in half and 2.5x the number of addresses that account for 1 person and 1 person alone in 2025 (18M x 2.5 = 45M):\n\n$12,375,000/45,000,000 = $2/week\n\nSeems to me that the market, which can support $10/week well enough, is liable to find support at $135,000 when the mining rewards halve.\n\n👀😳🥳\n\nAnd that ladies and gentlemen is how we Hopium!', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/', '13w6ul1', [['u/dcdplex', 50, '2023-05-31 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9x410/', "I mean, you're doing math so I trust you bro.", '13w6ul1'], ['u/liveaskings', 13, '2023-05-31 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9ycis/', 'Bro is trustworthy source because of maths', '13w6ul1'], ['u/monaslab', 15, '2023-05-31 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9yyhk/', 'If the bull run comes, we will get reward for dca over last 2 years.', '13w6ul1'], ['u/yesweyolo', 11, '2023-05-31 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9zcw5/', "That's why DCA is the way!", '13w6ul1'], ['u/Dull_Tough_7149', 156, '2023-05-31 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jm9zf79/', '2021 made me feel invincible. Then 2022 brought me back to reality. And 2023 left me with anxiety', '13w6ul1'], ['u/Lillica_Golden_SHIB', 43, '2023-05-31 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma0pow/', '2023 the year of the crab.', '13w6ul1'], ['u/002_timmy', 389, '2023-05-31 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma0z5y/', 'I agree with this post and find no problem with your math or logic because it tells me what I want to hear', '13w6ul1'], ['u/Odysseus_Lannister', 15, '2023-05-31 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma1prm/', 'And 2024 will come with great rewards but you’ll be too mentally broken to realize it. As is tradition with market cycles', '13w6ul1'], ['u/Character-Dot-4078', 13, '2023-05-31 03:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma3ko7/', 'Im totally fine with this, hopefully i wont have to do crab battles with a snake.', '13w6ul1'], ['u/mikeoxwells2', 12, '2023-05-31 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma4fli/', 'EOY 2025, $150k? Doesn’t sound unreasonable. I’ve learned that predictions are like assholes…', '13w6ul1'], ['u/yesweyolo', 99, '2023-05-31 03:34', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma6ifn/', 'I hear that confirmation bias is a sign of extraordinary intelligence. NASA will be in touch with you shortly.', '13w6ul1'], ['u/Every_Hunt_160', 12, '2023-05-31 03:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jma8uer/', "2024 is 6 months away.. I think it'll be 2025, so by then I'll be fully mentally broken", '13w6ul1'], ['u/Elie0_0', 10, '2023-05-31 04:04', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmaadzc/', "That's just speculation, you can't say that there will be one", '13w6ul1'], ['u/Citizen_Kano', 16, '2023-05-31 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmae2s5/', '2023 is the year of accumulation', '13w6ul1'], ['u/3utt5lut', 31, '2023-05-31 05:37', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmalplh/', "Fuck it, I'm in!\n\n![gif](giphy\|l3fZLMbuCOqJ82gec)", '13w6ul1'], ['u/helobro11', 10, '2023-05-31 07:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmavymm/', 'Time to put my savings In crypto', '13w6ul1'], ['u/poisonzi', 11, '2023-05-31 07:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmaxuj5/', 'yeah but our calculations are different from reality', '13w6ul1'], ['u/hansjerry', 20, '2023-05-31 07:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmaysln/', 'I hear that large amounts of wealth is a sign of extraordinary intelligence. IRS will be in touch with you shortly.', '13w6ul1'], ['u/Vydrah', 14, '2023-05-31 10:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmbcjau/', 'I red the title and half of the first sentence, saw numbers + math, a few emoji smiley‘s (the good ones) meaning I agree 100% with your opinion and applaud you on your thorough research. Well done.', '13w6ul1'], ['u/Acceptable_One_2512', 12, '2023-05-31 15:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13w6ul1/there_will_be_another_bull_run/jmc58kw/', 'a little too high on Hopium but thats seriously what we need rn. interesting info will keep it in mind', '13w6ul1']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, May 31, 2023', 27, '2023-05-31 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/', '13wbn37', [['u/kers2000', 10, '2023-05-31 06:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmaqiiy/', "Michael Saylor went on London Real. Sigh. If you don't know who he is, check on Coffeezilla. Saylor lacks judgment I swear. The corn needs a better ambassador. It deserves.", '13wbn37'], ['u/Qasim57', 14, '2023-05-31 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmaujjv/', 'Why do you do this to me, step-brother Bitcoin marketmaker?', '13wbn37'], ['u/Yodel_And_Hodl_Mode', 19, '2023-05-31 09:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmb6qq6/', '> The corn needs a better ambassador.\n\nBitcoin needs more investors, more sharing, more knowledge, and fewer self appointed ambassadors. Every few years, this place jumps from hero to hero, only to be let down when reality sets in. Enough of that nonsense.', '13wbn37'], ['u/DarthVarn', 13, '2023-05-31 10:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbau0w/', "Never heard of London Real so googled it. The first link from their site is David Icke, you know, the nutter who claims he is the son of God, climate change doesn't exist, the world will end in 1997 and the world is run by reptiles. Absolute bollocks, we all know the world is run by The Smurfs!", '13wbn37'], ['u/Essexal', 10, '2023-05-31 10:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbbub1/', 'Last day of the month. Good luck to all runners and riders. I’m still short.', '13wbn37'], ['u/cousin_brian', 22, '2023-05-31 10:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbcq6t/', 'Buy in June, then we moon.', '13wbn37'], ['u/Shark_mark', 17, '2023-05-31 14:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmbyx2n/', 'I feel dumber for having read this.', '13wbn37'], ['u/dopeboyrico', 18, '2023-05-31 15:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmc6nzw/', 'The compromise bill to raise the debt ceiling negotiated between Biden and McCarthy is headed to the Republican led House today for a final vote before reaching the Democrat led Senate. With the revised x date of June 5th quickly approaching early next week, markets are going to be paying close attention to the outcome of today’s vote.\n\nAside from that, it’s now the end of May. [Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has YoY inflation for May at 4.12%. [Truflation](https://truflation.com) has YoY inflation for May at around 3.4% with a high of 3.96% and a low of 2.84%.\n\nFor the past several months the actual number has come in somewhere between these two estimates. If this trend continues we might see the actual number come in at or below 4% when it gets released a day before the Fed’s rate hike decision in June. Futures are closely split between pricing in a rate hike or a pause in June, leaning slightly towards a rate hike. YoY CPI for April came in at 4.9%. How high or low YoY CPI for May comes in at will guide the Fed in their rate hike decision.', '13wbn37'], ['u/delgrey', 12, '2023-05-31 16:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmcbmeu/', 'Chicago PMI 40.4, Exp. 47.2, Last 48.6\nBig big drop. We gonna have some fun soon!', '13wbn37'], ['u/gozunker', 20, '2023-05-31 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmcccmf/', 'To save others a Google - this is the Chicago Purchasing Managers’ Index. Readings above 50 indicate an expanding manufacturing sector, readings below indicate contracting. \n\nThis number coming in much lower than expected is bearish on the state of the US economy.', '13wbn37'], ['u/[deleted]', 10, '2023-05-31 17:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmcnz12/', 'I just woke up and I want this day to end already', '13wbn37'], ['u/GenghisKhanSpermShot', 25, '2023-05-31 19:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/13wbn37/daily_discussion_wednesday_may_31_2023/jmd1gy3/', '[45k by July-Sept.](https://www.tradingview.com/x/VtPUCdjM/)', '13wbn37']]], ['u/rBitcoinMod', 'Daily Discussion, May 31, 2023', 38, '2023-05-31 08:02', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13vi6ln/daily_discussion_may_30_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/', '13wdye8', [['u/Realistic-Jelly8133', 11, '2023-05-31 11:39', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/jmbg0w6/', 'Yea, younger generations in general are much more receptive to Bitcoin. A digital world requires a digital money. Goldbugs have the right idea about sound money, but are stuck in the past.', '13wdye8'], ['u/Romsel87', 10, '2023-05-31 13:42', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/jmbqv4m/', "Gold is deep-rooted in society, don't underestimate this. The reason i mention this is because i have kids and gold is everywhere: books, cartoons, themeparks etc. People grow up with the idea gold has value and this will not change soon. It may take a few more decades.", '13wdye8'], ['u/escodelrio', 16, '2023-05-31 14:35', 'https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/jmbwx7c/', "Historical Bitcoin prices for today, May 31st:\r \n\r \n2023 - $27,100\r \n2022 - $31,793\r \n2021 - $37,299\r \n2020 - $9,455\r \n2019 - $8,558\r \n2018 - $7,503\r \n2017 - $2,303\r \n2016 - $529\r \n2015 - $230\r \n2014 - $628\r \n2013 - $129\r \n2012 - $5.2\r \n2011 - $8.7\r \n\r \nBitcoin's average daily price from 07/18/2010 to 05/31/2023 is $9,127.90.", '13wdye8']]], ['u/Knotley-Hunt-Brick', 'El Salvador appoint "Bitcoin Standard" author to be an economic adviser. Then man of the popular bitcoin book meet the man who adopt bitcoin countrywide.', 26, '2023-05-31 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/', 'El Salvador has a national bitcoin office created back in November 2022, cool department tbh and appoint the famous "The Bitcoin Standard" author as an Economic Adviser. \n\nEl Savador has been pulling through daring moves steps by steps starting with adopting BTC has legal tender, and now recruit Dr. Saifedean as an economic adviser. \n\nDespite the threats from global super power due to crypto regulations, El Salvador has been pulling through and Author Dr.Saifedean predicts that the country will be DEBT FREE if it keeps accumulating Bitcoin for the next 5 years quoting “If you continue to accumulate Bitcoin for the next five years, there is a good chance that El Salvador will be debt free" . \n\nIf this pull through in the next 5 years, it will be a start of the Big Wave of countries adopting Bitcoin as Legal Tender. \n\nDr.Saifendean also quotes “If you have money that depreciates over time, there is no point in saving and it makes sense to get into debt,”.\n\nAll Eyes on You El Salvador and Good Lucks !\n\nCheers !', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/', '13we14o', [['u/MaeronTargaryen', 13, '2023-05-31 08:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/jmb103n/', 'Unpopular opinion but I think that people are over estimating what’s happening in El Salvador. It’s like he’s putting half of the GDP in BTC, it’s only a small portion. \n\nIt’s obviously still better than nothing and good for BTC adoption but I feel like appointing this author is posturing more than anything else more meaningful', '13we14o'], ['u/LrnFaroeseWthBergur', 11, '2023-05-31 09:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13we14o/el_salvador_appoint_bitcoin_standard_author_to_be/jmb4ltw/', "In other countries, it's a threat to be called to the dean's office. In El Salvador, the dean gets called to office. \n\nSorry, bad joke.", '13we14o']]], ['u/traviszzz', 'How many people have meaningful amount of bitcoin?', 39, '2023-05-31 08:44', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/', "I often ponder this question. How many people on this planet truly understand and own bitcoin. I realized that the number is very small. \n\nhttps://bitinfocharts.com/top-100-richest-bitcoin-addresses.html\n\nBased on the bitcoin rich list, there are less than 4.5M addresses that holds more than 0.1btc, which is my meaningful ownership threshold. I know it is high for some people but I will just go with it. \n\nAssuming that each person on average has 5 addresses, that's less than 1M people on this planet that has more than 0.1 btc. \n\nIs bitcoin just too difficult to understand and own?", 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/', '13wen4s', [['u/TrevReznik', 42, '2023-05-31 09:03', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmb4r4o/', "You're right about one thing, people have more than one address, which means that a lot of people who don't have 0.1 btc in a single address actually do have a meaningful amount of bitcoin, it's just split up amongst multiple addresses.", '13wen4s'], ['u/BTCMachineElf', 21, '2023-05-31 09:08', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmb54y0/', "I'm sure there's plenty of people with 0.1 btc spread across a few addresses. \n\nI don't think the issue is usability. I think it's more about uncertainty. Most people don't trust that bitcoin will continue to hold value. Crypto is full of scams and they don't know what makes bitcoin unique.", '13wen4s'], ['u/forgotmypassword4714', 22, '2023-05-31 11:11', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbe1l6/', "It's my hope and dream to someday hold 1 BTC. I consider 0.1 and 0.5 to be the other big milestones along the way to that, of which I have reached the first one.\n\nI used to hold some alts as well but ever since this year I've been all Bitcoin.", '13wen4s'], ['u/FairBlamer', 11, '2023-05-31 13:13', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbo0bx/', 'Maybe a silly question, but what about exchange addresses or other forms of aggregate “ownership” represented on the blockchain?\n\nAt the end of the day, not your keys not your coins, but if one address represents like millions of customers for example it might be a little misleading to call it a single person’s stack.', '13wen4s'], ['u/GTE490V', 12, '2023-05-31 13:43', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbr0m2/', 'This.\n\nCoinbase has 100+ million users and an average user holding of $5k (all crypto, not just bitcoin). Impossible to figure out how many CB users have 0.1BTC or more, but safe to say it’s orders of magnitude more than everyone who self custodies their bitcoin. \n\nThat’s just coinbase. Binance, Kraken, Gemini, etc have significant users as well.', '13wen4s'], ['u/xXFortnite_FatherXx', 10, '2023-05-31 13:44', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmbr2ye/', 'It’s for anonymity purposes.', '13wen4s'], ['u/User673412', 12, '2023-05-31 15:15', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmc20fv/', 'Considering the average savings account has around $4,500 , yes .1 BTC saved up is quite significant', '13wen4s'], ['u/xilanthro', 15, '2023-05-31 16:26', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmcbv5a/', 'Limit losses from either hacking, phishing, or addressing errors / have addresses attract less attention.', '13wen4s'], ['u/godofleet', 21, '2023-05-31 16:51', 'https://www.reddit.com/r/Bitcoin/comments/13wen4s/how_many_people_have_meaningful_amount_of_bitcoin/jmcfq34/', 'Imagine you bought bitcoin from 3 places .... Coinbase, Kraken, and a local friend.\n\nThe coin you got from your friend is entirely yours, and no one except you and your friend know those addresses belong to you.\n\nBut the coin (and corresponding addresses) you bought from CB/Kraken have your name associated with it.\n\nIf you send all of those coins to the same address, now the coin you got from your friend is no longer as anonymous - corps/governments/thieves with stolen databases could use this probable knowledge against you...\n\nThis is why your wallet is capable of generating a practically infinite number of addresses - keeping your transactions separate of one another is the most basic and important form of privacy controls you have within the bitcoin base layer.', '13wen4s']]], ['u/Concept-Plastic', 'Bitcoin Shrimps on the rise and Whales are on decline', 24, '2023-05-31 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13wer9n/bitcoin_shrimps_on_the_rise_and_whales_are_on/', "May has continued to be a month where Shrimps ( ones who hold <1 BTC) have continued their super agressive BTC accumulation. \n\n\n[BTC Shrimps at ATH](https://preview.redd.it/62rvm5iol53b1.png?width=2204&format=png&auto=webp&v=enabled&s=aeb42d5025af849b19a59531a5083c4e50bacbac)\n\n\n\nThey are recording a net monthly change of around +25000- 30000 BTC! which is astronomical. \n\n\n\n\n[Source: Glassnode](https://preview.redd.it/jkg942uzl53b1.png?width=4081&format=png&auto=webp&v=enabled&s=8571ba317dbf9f6cd9861c53400ea06d90b0e495)\n\n\n\nThe rise of shrimps and the decline of whales is very good for BTC. As BTC becomes more widely distributed among a diverse set of investors, the market becomes less prone to manipulaion, actions of a few whales. \n\n\n\n\n\n[A whopping 4.5% whales have reduced since Feb'21](https://preview.redd.it/yz9ioql0n53b1.png?width=4096&format=png&auto=webp&v=enabled&s=c7ba469651a39452a17a8c1e2d46a6248666d864)\n\n\n\nThis change is also accompanied by the fact that BTC is currently having around 62% holders who are making money! \n\n\n\n\n[62% holders making money at current price](https://preview.redd.it/yeh0exrpm53b1.png?width=2842&format=png&auto=webp&v=enabled&s=1724aeec0eca259b38120ff770dfd3d489a04c03)\n\nOverall, this data suggests that the majority of Bitcoin holders (62%) are currently in a profitable position at the current price. \n\n \nDCA and Hodl has been a super effective strategy for BTC holders, also a prime example of how it doesn't apply to any other crypto except ETH.", 'https://www.reddit.com/r/CryptoCurrency/comments/13wer9n/bitcoin_shrimps_on_the_rise_and_whales_are_on/', '13wer9n', [['u/Euphoric-Mode215', 14, '2023-05-31 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13wer9n/bitcoin_shrimps_on_the_rise_and_whales_are_on/jmb4ysd/', 'bullish in 3.. 2.. 1...', '13wer9n']]], ['u/middlemangv', 'BTC vs ETH - Why do we, as a community keep comparing these two when they are different in many ways. Embracing both unlocks full potential of crypto, and most people in crypto world will tell you that you should hold Bitcoin and Ethereum.', 12, '2023-05-31 15:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13wlsz1/btc_vs_eth_why_do_we_as_a_community_keep/', 'Yesterday were some posts comparing BTC and ETH, and people were discussing which one os "better", will ETH surpass BTC and so on.\n\nWell, I understand the "cultish" behaviour behind coins that you hold, but Idon\'t get it. Most of people that are into crypto hold both, understanding that both of them work in a specific way. Both projects are extraodinary, both server different purposes.\n\nSo I don\'t understand "will ETH surpass BTC, how much ETH went up compared to BTC this year, which one is faster, which one is more "programmable" etc.\n\nBitcoin is maybe simpler and more seen as a store of a value, with its fixed supply. Ethereum is a revolutionazing blockchain that is a great platform to build decentralized applications, meanwhile his supply is not capped, it is more upgreadable. It is known for its smart contracts.\n\nBitcoin is like a gateway to crypto. It is a pioneer, established cryptocurrency, more recognized then Ethereum. If you never heard about ETH you probably heard about BTC. After getting into crypto, it won\'t be a long time untill you find about ETH and its smart contracts, DeFi apps, gas fees. \n\nWe could go forever with comparisons between these two, but my point is: they are not rivals. They are something like a force when united can give you a full crypto potential, they are working together. Holding these bluechips will relieve you from stress in crypto world.\n\nBTC and ETH comparisons and debates should be moved from arguing to "working together". Different projects have different strenght and weaknesses.', 'https://www.reddit.com/r/CryptoCurrency/comments/13wlsz1/btc_vs_eth_why_do_we_as_a_community_keep/', '13wlsz1', [['u/Acceptable_One_2512', 11, '2023-05-31 16:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13wlsz1/btc_vs_eth_why_do_we_as_a_community_keep/jmc94me/', 'Its never about picking a side but trying to play both sides to win. Work smart', '13wlsz1']]], ['u/primalfabric', "It won't be long before Bitcoin would be the preferred mode for salary payment", 15, '2023-05-31 16:13', 'https://www.reddit.com/r/Bitcoin/comments/13wngel/it_wont_be_long_before_bitcoin_would_be_the/', "As Bitcoin gains more acceptance amongst people globally, it would only be a matter of time before it will become the preferred mode of payment between employees or clients.\n\nAlmost everyone I know who is still using fiat currencies to accept their salary or payments lost a big sum of money in exchange rates and bank fees. Not to mention the long waiting period for the payments to be processed. Some of my friends even got their transfers frozen until they could provide valid proof or legitimize the transaction to their bank.\n\nFor anyone running a business or not, this is a massive pain to navigate on a regular basis and the need for alternates is clearly urgent. That is why I have been suggesting settling payments in Bitcoin. While, large companies are still hesitant to use bitcoin, a lot of small businesses and entrepreneurs are opening up to it.\n\nBitcoin solves most of these problems that fiat payments suffer from and makes payments and transfers much easier globally. There are numerous payment services that allow Bitcoin invoicing at no cost whatsoever and almost every major payment gateway, may it be Blockonomics, BTC Pay, coingate, etc. now offers this service.\n\nThe benefits that Bitcoin provides are truly unparalleled compared to fiat and it's only a matter of time before more people realize that.\n\nNote: Bitcoin payments can be settled via sharing just a bitcoin address and amount but this is not the best method to transact mainly due to security reasons. It is advised to use an invoicing service to make sure correct payments are made.", 'https://www.reddit.com/r/Bitcoin/comments/13wngel/it_wont_be_long_before_bitcoin_would_be_the/', '13wngel', [['u/b0men', 23, '2023-05-31 16:20', 'https://www.reddit.com/r/Bitcoin/comments/13wngel/it_wont_be_long_before_bitcoin_would_be_the/jmcb1ki/', "For this to work, they'd have to change the rules about spending bitcoin. Today, if you spend bitcoin it incurs capital gains tax (in addition to the sales tax you also pay). It's seen as an asset not a form of money. \n\nAs bullish as I am, I would not want to be paid in bitcoin today with this rule because I'm already taxed enough on everything I do.", '13wngel']]], ['u/EDBANGER-REC', 'Bankruptcy valuations', 10, '2023-05-31 18:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/13wr2nk/bankruptcy_valuations/', 'Hi please pardon my ignorance: \n\nJust trying to get my head around how much we’ll get back as the bankruptcy date is locked in with the coin values on that date. \n\nSo say hypothetically Bitcoin goes to 40k could we be made whole in dollar terms as the bankruptcy date value was about 20k, and if not where does that value go as they didn’t sell Bitcoin and other crypto’s on the date of the bankruptcy. \n\nAlso, if Bitcoin were to be at 10k in a few months what would happen in that situation as the bankruptcy coin valuation would be double that. \n\nThanks', 'https://www.reddit.com/r/CelsiusNetwork/comments/13wr2nk/bankruptcy_valuations/', '13wr2nk', [['u/MyNameIsJoe68', 11, '2023-05-31 21:24', 'https://www.reddit.com/r/CelsiusNetwork/comments/13wr2nk/bankruptcy_valuations/jmdnbne/', "I don't want to sound rude or anything like that but you all are dreaming if you think we're getting whole. The NewCo will keep the earnings.", '13wr2nk']]], ['u/SamZFury', 'Bitcoins Airdrop for Bucket heads not working.', 44, '2023-05-31 18:43', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/', "So a few days ago I tried to claim the Bitcones airdrop for my Bucket heads here: https://www.reddit.com/r/ConeHeads/comments/131fsk5/bitcone_airdrop_bucket_heads_claim_phase/jlbnkg1/?context=3\n\n:nbsp;\n\nI haven't received the airdrop yet. I assumed the bot broke or something. Anyone knows any any info about this ?\n\nBtw, first post here. Hi to all the Coneheads :) 🖐", 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/', '13wrc3l', [['u/rickribera93', 24, '2023-05-31 18:50', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmcym0c/', "Sorry Sam, we'll get this corrected today.", '13wrc3l'], ['u/SamZFury', 17, '2023-05-31 18:55', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmczc2r/', 'Hey [rickribera93](https://www.reddit.com/user/rickribera93/)! thanks for reply :)', '13wrc3l'], ['u/SamZFury', 11, '2023-05-31 18:56', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmczhrq/', 'The message says I got the airdrop. But I just got the airdrop for one bucket. I have a total of 27 buckets.', '13wrc3l'], ['u/Bitdream200K', 18, '2023-05-31 19:05', 'https://www.reddit.com/r/ConeHeads/comments/13wrc3l/bitcoins_airdrop_for_bucket_heads_not_working/jmd0wjo/', '6mins for an answer. \n\n5 stars for you Rick', '13wrc3l']]], ['u/Tonijran', 'Holding on to my Alts for So Long – Is it Time to Cut My Losses and Switch to Blue Chips?', 13, '2023-05-31 19:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/', "Hey fellow cryptocurrency enthusiasts!\n\nI've been on this rollercoaster ride with my altcoins, holding on tight and buying more every week as the market kept going down. Now, I'm considering whether it's worth it to cut my losses and swap my alts for some reliable blue-chip cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).\n\nI'm thinking of implementing a Dollar-Cost Averaging (DCA) strategy for BTC and ETH, but I can't help but wonder if it's better to just take the hit on my alts and reallocate the funds into more stable assets.\n\nOf course, I do plan to buy back most, if not all, of the alts I currently hold during the next alt season.\n\nI'd love to hear your thoughts and experiences on this matter. Have any of you been in a similar situation? What decisions did you make, and how did they pan out for you?\n\nThank you in advance for your insights!", 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/', '13wt9oc', [['u/Wonzky', 26, '2023-05-31 20:00', 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/jmd9v1o/', 'My alts are so down in the red it just feels pointless for me to sell at this point, especially with no gains to offset', '13wt9oc'], ['u/MaeronTargaryen', 12, '2023-05-31 20:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13wt9oc/holding_on_to_my_alts_for_so_long_is_it_time_to/jmdebly/', 'Your portfolio has ADHD', '13wt9oc']]], ['u/[deleted]', 'Crypto use case', 44, '2023-05-31 20:51', 'https://www.reddit.com/r/ethereum/comments/13wul0j/crypto_use_case/', 'I’ve been in crypto for three years now, and honestly so far, there hasn’t been a single use case for crypto for me personally. All I’ve done is stake and have an ENS domain name on Ethereum and hold Bitcoin nothing more. \n\nI understand some people are interested in the financial derivatives aspect and that cross country ‘wiring’ through crypto is smoother.\n\nI want to know, what value and use cases does crypto bring to your life?', 'https://www.reddit.com/r/ethereum/comments/13wul0j/crypto_use_case/', '13wul0j', '[]'], ['u/Odlavso', "Why do we call the smallest denomination of bitcoin a Satoshi (SAT) but we don't call the smallest denomination of Ether a Vitalik (VIT)?", 13, '2023-05-31 21:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13wvhbo/why_do_we_call_the_smallest_denomination_of/', "Nobody told me we had special names for different denominations of bitcoin and the only one I knew about was the Satoshi because everybody is always STACKING SATS.\n\nApparently the different denominations of bitcoin are\n\n* Bitcoin = 1 BTC\n* DeciBit = 0.1 BTC\n* CentiBit = 0.01 BTC\n* MilliBit = 0.001 BTC\n* MicroBit = 0.000001 BTC\n* Finney = 0.0000001 BTC\n* Satoshi = 0.00000001 BTC\n\nFirst Question is why aren't people stacking FINS?\n\nBut I got curio... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell to near US$27,000 in Thursday morning trading in Asia and posted the first monthly loss of the year. Ether and all the top 10 non-stablecoin cryptocurrencies also traded lower, with XRP leading the losers. U.S. equities slid on concerns the Federal Reserve may raise interest rates again in June after strong job numbers for April released Wednesday showed inflation is still prevalent. Investors were also jittery ahead of the outcome of the vote by the U.S. Congress to approve the debt ceiling deal.\nBitcoin fell 2.35% over the last 24 hours to US$27,124 at 09:50 a.m. in Hong Kong, but held a weekly gain of 3.78%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency ended May with a loss of 4.96%, the first monthly decline since the start of the year.\nThe token met selling pressure after Federal Reserve official Loretta Mestersaidon\xa0Wednesday there was no “compelling reason to pause” interest rate hikes in June, according to Mikkel Morch, Chairman and Non-Executive Director at investment fundARK36, in a note shared with Forkast.\n“(The remarks from Mester) have had a disruptive impact on various risk assets, including cryptocurrencies,” said Morch. “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding Bitcoin and other risk assets.”\nEther dropped 1.65% to US$1,874, while trading 5.35% higher for the week and 2.07% higher for the month.\nDespite the overall bearish sentiment, “the market appears more upbeat about the second-largest crypto by market cap, as its deflationary features are supporting prices,” said Jeff Mei, Chief Operating Officer at crypto exchangeBTSE, citingdatafrom Ultra Sound Money that showed almost 200,000 Ether have been burnt in the past 30 days.\nAll other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours, with XRP leading the losers.\nXRP fell 2.62% to US$0.5088, to lead the losers. Litecoin moved 1.24% lower to US$91.36, but remains up 8.58% for the week as the token’sthird halving eventdraws near, which would reduce the supply of the token.\nBinance, the world’s largest crypto exchange, is said to be planning to lay off 20% of employees in June, according toWu Blockchainon Wednesday citing unnamed sources. Binance Chief Strategy Officer Patrick Hillmann laterrespondedon Twitter that “Binance is not cutting 20% of employees as a cost-cutting measure,” but faces “a historic operational challenge to overcome” as the company faces pressure from regulators and needs to reallocate resources.\n“(Binance’s rumored job cuts are) a marker that traders will look at when scoping out the health of the market and profitability of crypto businesses and projects,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock. “It probably doesn’t help that exchange volumes are at an abysmal low compared to the top of 2021-2022.”\nBinance’s BNB token dropped 1.85% in the past 24 hours to US$306.28, just holding a weekly gain of 0.13%.\nThe total market cap of cryptocurrencies dropped 1.78% in the past 24 hours to US$1.14 trillion, while the 24-hour market volume rose 6.96% to US$32.85 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.20% to 3,407.30 in the 24 hours to 07:30 a.m. in Hong Kong, and added 1.24% for the week.\nNFT sales on Ethereum rose 23.59% in the past 24 hours to US$21.77 million, according toCryptoSlamdata. NFT sales on the Bitcoin network also gained 22.66% to US$4.40 million.\nBored Ape Yacht Club saw the biggest sales in the past 24 hours, rising 3.00% to US$2.80 million.\nThe Grapes, an Ethereum-based NFT collection launched on Wednesday night, saw the 12th largest sales totaling over US$433,000. The collection has seen over 4,600 transactions in the 12 hours after launch, and reached a price of 0.20 ETH (US$373.16) on early Thursday morning, over five times higher than its mint price at 0.039 ETH.\nMeanwhile, NFT scams are undermining confidence. NFT influencer Andrew Wang, with over 189,000 Twitter followers,promotedan NFT collection named Pixel Penguins on Thursday, which claimed to be a charity project to support the Pixel Penguins creator’s fight against cancer. But the supposed charity was revealed to be a scam, with its pseudonymous creator “Hopeexist1” deactivating her Twitter account after securing over 61 ETH (US$114,000), according to crypto sleuthZachXBT.\nElsewhere, Twitter userPauly, who is regarded as the creator of memecoin $PEPE, hasraisedover US$1.2 million by simplyaskingpeople to send their ETH to an account to “receive nothing in return.”\n“Overall – not a lot of people are looking to trade, sentiment is rather negative from the scams/Pauly news, price discussion,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures fell as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.18%, S&P 500 futures inched down 0.07%, and the Nasdaq futures lost 0.23%.\nThe three major U.S. stock indexes slid on Wednesday as investors waited for the outcome of the latest stage of the U.S. debt deal. At approximately 9.30 p.m. ET Wednesday evening, the House passed a bill to suspend the U.S. debt limit and avoid a national default.\n\u200b\u200b“Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery,” U.S. President Joe Bidensaidabout the outcome of the vote.\nBiden urged the Senate to also agree on the bill — the next stage in the ratification process — “as quickly as possible,” allowing him to pass it into law.\nOn the inflation front, the U.S. Labor Departmentreportfor April recorded 10.1 million job openings in April. That figure surpasses analysts’expectationsof 9.375 million. The report also recorded a month-on-month decline of 264,000 in layoffs and discharges.\nThe stronger than expected data can be interpreted as “a partial sign of the continued strength of the American labor market,”tweetedMohamed Aly, El-Erian, Chief Economic Advisor at financial services company Allianz, on Thursday.\nSimilarly robust monthly employment data has,in the past, preceded a rise in the U.S. interest rate. However, comments from inside the US Federal Reserve suggest that a so-called “hawkish pause” in June ahead of further rate rises later could be the more likely outcome.\nFed governor Philip Jeffersonsaidat a financial stability conference in Washington Wednesday that skipping a hike in June “would allow the Committee to see more data before making decisions about the extent of additional policy firming.”\nHowever, Jefferson added that “a decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle.”\nThe Federal Reserve will meet on June 14 to make its decision. The interest rate is now between 5 and 5.25%, the highest level since 2006.\nFollowing Jefferson’s speech, theCME FedWatch Toolnow predicts a 62.2% chance the Fed will keep rates unchanged in June. The 37.8% chance it gives for another 25 basis-point rate hike is a significant decrease from the 63.0% chance reported on Tuesday.\n(Updates\xa0added to\xa0equities section)', 'Bitcoin fell to near US$27,000 in Thursday morning trading in Asia and posted the first monthly loss of the year. Ether and all the top 10 non-stablecoin cryptocurrencies also traded lower, with XRP leading the losers. U.S. equities slid on concerns the Federal Reserve may raise interest rates again in June after strong job numbers for April released Wednesday showed inflation is still prevalent. Investors were also jittery ahead of the outcome of the vote by the U.S. Congress to approve the debt ceiling deal.\nBitcoin fell 2.35% over the last 24 hours to US$27,124 at 09:50 a.m. in Hong Kong, but held a weekly gain of 3.78%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency ended May with a loss of 4.96%, the first monthly decline since the start of the year.\nThe token met selling pressure after Federal Reserve official Loretta Mestersaidon\xa0Wednesday there was no “compelling reason to pause” interest rate hikes in June, according to Mikkel Morch, Chairman and Non-Executive Director at investment fundARK36, in a note shared with Forkast.\n“(The remarks from Mester) have had a disruptive impact on various risk assets, including cryptocurrencies,” said Morch. “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding Bitcoin and other risk assets.”\nEther dropped 1.65% to US$1,874, while trading 5.35% higher for the week and 2.07% higher for the month.\nDespite the overall bearish sentiment, “the market appears more upbeat about the second-largest crypto by market cap, as its deflationary features are supporting prices,” said Jeff Mei, Chief Operating Officer at crypto exchangeBTSE, citingdatafrom Ultra Sound Money that showed almost 200,000 Ether have been burnt in the past 30 days.\nAll other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours, with XRP leading the losers.\nXRP fell 2.62% to US$0.5088, to lead the losers. Litecoin moved 1.24% lower to US$91.36, but remains up 8.58% for the week as the token’sthird halving eventdraws near, which would reduce the supply of the token.\nBinance, the world’s largest crypto exchange, is said to be planning to lay off 20% of employees in June, according toWu Blockchainon Wednesday citing unnamed sources. Binance Chief Strategy Officer Patrick Hillmann laterrespondedon Twitter that “Binance is not cutting 20% of employees as a cost-cutting measure,” but faces “a historic operational challenge to overcome” as the company faces pressure from regulators and needs to reallocate resources.\n“(Binance’s rumored job cuts are) a marker that traders will look at when scoping out the health of the market and profitability of crypto businesses and projects,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock. “It probably doesn’t help that exchange volumes are at an abysmal low compared to the top of 2021-2022.”\nBinance’s BNB token dropped 1.85% in the past 24 hours to US$306.28, just holding a weekly gain of 0.13%.\nThe total market cap of cryptocurrencies dropped 1.78% in the past 24 hours to US$1.14 trillion, while the 24-hour market volume rose 6.96% to US$32.85 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged up 0.20% to 3,407.30 in the 24 hours to 07:30 a.m. in Hong Kong, and added 1.24% for the week.\nNFT sales on Ethereum rose 23.59% in the past 24 hours to US$21.77 million, according toCryptoSlamdata. NFT sales on the Bitcoin network also gained 22.66% to US$4.40 million.\nBored Ape Yacht Club saw the biggest sales in the past 24 hours, rising 3.00% to US$2.80 million.\nThe Grapes, an Ethereum-based NFT collection launched on Wednesday night, saw the 12th largest sales totaling over US$433,000. The collection has seen over 4,600 transactions in the 12 hours after launch, and reached a price of 0.20 ETH (US$373.16) on early Thursday morning, over five times higher than its mint price at 0.039 ETH.\nMeanwhile, NFT scams are undermining confidence. NFT influencer Andrew Wang, with over 189,000 Twitter followers,promotedan NFT collection named Pixel Penguins on Thursday, which claimed to be a charity project to support the Pixel Penguins creator’s fight against cancer. But the supposed charity was revealed to be a scam, with its pseudonymous creator “Hopeexist1” deactivating her Twitter account after securing over 61 ETH (US$114,000), according to crypto sleuthZachXBT.\nElsewhere, Twitter userPauly, who is regarded as the creator of memecoin $PEPE, hasraisedover US$1.2 million by simplyaskingpeople to send their ETH to an account to “receive nothing in return.”\n“Overall – not a lot of people are looking to trade, sentiment is rather negative from the scams/Pauly news, price discussion,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures fell as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.18%, S&P 500 futures inched down 0.07%, and the Nasdaq futures lost 0.23%.\nThe three major U.S. stock indexes slid on Wednesday as investors waited for the outcome of the latest stage of the U.S. debt deal. At approximately 9.30 p.m. ET Wednesday evening, the House passed a bill to suspend the U.S. debt limit and avoid a national default.\n\u200b\u200b“Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery,” U.S. President Joe Bidensaidabout the outcome of the vote.\nBiden urged the Senate to also agree on the bill — the next stage in the ratification process — “as quickly as possible,” allowing him to pass it into law.\nOn the inflation front, the U.S. Labor Departmentreportfor April recorded 10.1 million job openings in April. That figure surpasses analysts’expectationsof 9.375 million. The report also recorded a month-on-month decline of 264,000 in layoffs and discharges.\nThe stronger than expected data can be interpreted as “a partial sign of the continued strength of the American labor market,”tweetedMohamed Aly, El-Erian, Chief Economic Advisor at financial services company Allianz, on Thursday.\nSimilarly robust monthly employment data has,in the past, preceded a rise in the U.S. interest rate. However, comments from inside the US Federal Reserve suggest that a so-called “hawkish pause” in June ahead of further rate rises later could be the more likely outcome.\nFed governor Philip Jeffersonsaidat a financial stability conference in Washington Wednesday that skipping a hike in June “would allow the Committee to see more data before making decisions about the extent of additional policy firming.”\nHowever, Jefferson added that “a decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle.”\nThe Federal Reserve will meet on June 14 to make its decision. The interest rate is now between 5 and 5.25%, the highest level since 2006.\nFollowing Jefferson’s speech, theCME FedWatch Toolnow predicts a 62.2% chance the Fed will keep rates unchanged in June. The 37.8% chance it gives for another 25 basis-point rate hike is a significant decrease from the 63.0% chance reported on Tuesday.\n(Updates\xa0added to\xa0equities section)', 'Good morning. Here’s what’s happening: Prices: Bitcoin settled above $27.1K after Cleveland\'s Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data. Insights: Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange. Prices CoinDesk Market Index (CMI) 1,178 −23.3 ▼ 1.9% Bitcoin (BTC) $27,099 −683.3 ▼ 2.5% Ethereum (ETH) $1,874 −32.7 ▼ 1.7% S&P 500 4,179.83 −25.7 ▼ 0.6% Gold $1,980 +15.8 ▲ 0.8% Nikkei 225 30,887.88 −440.3 ▼ 1.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,178 −23.3 ▼ 1.9% Bitcoin (BTC) $27,099 −683.3 ▼ 2.5% Ethereum (ETH) $1,874 −32.7 ▼ 1.7% S&P 500 4,179.83 −25.7 ▼ 0.6% Gold $1,980 +15.8 ▲ 0.8% Nikkei 225 30,887.88 −440.3 ▼ 1.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Sinks Early, Then Holds Above $27.1K By James Rubin Hawkish comments by Cleveland’s Federal Reserve Bank president, the increasing likelihood of at least one more interest rate hike by the U.S. central bank and dispiriting Chinese manufacturing data kept crypto investors off-balance on Wednesday. Bitcoin, the largest cryptocurrency by market capitalization, was trading near $27,100, down more than 2.2% over the previous 24 hours, after spending much of the previous four days comfortably above $27,500. BTC finished May (UTC) with its first losing month of 2023 after soaring by more than 60% over the first four months. “Bitcoin encountered selling pressure in response to comments made by a prominent Federal Reserve official, indicating a lack of compelling reasons to pause liquidity tightening measures,” Mikkel Morch, chairman and non-executive director at crypto investment fund ARK36, said. “These remarks have had a disruptive impact on various risk assets, including cryptocurrencies. Story continues Morch added: “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding bitcoin and other risk assets.” In an interview with the Financial Times published Wednesday, Fed Cleveland bank President Loretta Mester said that she did not see any reason to cease the Fed’s nearly year-long streak of rate increases, although she was open to changing her mind if the current hot employment market , a characteristic of high inflation periods, and prices cool. “We may have to go further,” she told the Times. “At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.” Crypto markets have struggled in recent weeks amid uncertainty about the U.S. government’s ability to extend the debt limit and meet its financial obligations, and inflationary concerns. House lawmakers finally passed the bill late Wednesday via a bipartisan effort that overcame strong opposition from far-right Republicans. Meanwhile, the anticipated rebound of the Chinese economy slowed at least temporarily as the official manufacturing purchasing managers index declined to 48.8 in May from 49.2 in April, according to the country’s National Bureau of Statistics said Ether was recently changing hands at about $1,875, off 1.4% from Tuesday, same time. Other major cryptos spent much of Wednesday in the red with AVAX, the token of the Avalanche base-layer network, and UNI, the native cryptocurrency of the Uniswap decentralized exchange, both recently off more than 2%. The CoinDesk Market Index , a measure of crypto markets performance, was recently down over 2.1%. Equity markets sank with the tech-focused Nasdaq and S&P 500 both closing down 0.6% as investors recoiled following a strong Job Openings and Labor Turnover (JOLTS) report showed openings increasing to 10.1 million instead of an expected 9.3 million in April, and breaking a three-month streak of declines that had offered hope for monetary policy observers hoping for a dovish turn. In a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.” Have bitcoin and ether bottomed out? Dave Weisberger, the CEO of CoinRoutes, which provides algorithmic trading strategies in the crypto space, noted to CoinDesk TV that bitcoin holding is at an all-time high while BTC to be sold on exchanges and volume on exchanges are at low levels. Weisberger said the trends tell you “that speculators are moving into pricing and moving out but the long-term buyers seem happy to buy in this below $27K range and cushion in any downdraft. So it feels like we’re in the bottom of a trading range.” Biggest Gainers Asset Ticker Returns DACS Sector Stellar XLM +1.7% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −5.0% Smart Contract Platform Decentraland MANA −4.5% Entertainment Terra LUNA −4.4% Smart Contract Platform Insights A Whale Risk Reduction Strategy Ahead of Debt Deal By Glenn Williams Jr. On-chain data shows that large holders of bitcoin reduced their bitcoin holdings in the days leading up to the debt deal. Additional data shows an increase in BTC sent to centralized exchanges. What happens next should be monitored closely as an indication of overall sentiment. (Glassnode) The supply of bitcoin held by addresses with balances exceeding 100K BTC declined from 663,306 to 543,958 on May 22, right ahead of the debt deal. A key question is whether the reduction was tied to short-term fiscal concerns, or longer term questions about BTC prices. While the number of addresses holding more than 100K BTC is small, the activity of whales can sometimes create cascading effects if they exit their positions en masse. The number of addresses with 1,000 BTC or more sending bitcoin to exchanges has increased as well, showing that smaller whales may also be unloading risk. What happens next is most important. An increase in bitcoin supply for large holders following the debt deal will signal their renewal of bullish sentiment. A continued decline would imply that they have larger concerns. Important events. London Blockchain Conference 2:00 p.m. HKT/SGT(6:00 UTC) Germany Retail Sales (YoY/April) 8:15 p.m. HKT/SGT(12:15 UTC) United States ADP Employment Change (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips Ahead of Debt Ceiling House Vote; Rep. Davidson on Future of U.S. Crypto Regulation The U.S. Debt limit deal is approaching a vote, after passing a key test in the House rules committee on Tuesday. Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the potential impact of the deal and the outlook for crypto regulation. Plus, CoinRoutes CEO and co-founder Dave Weisberger shared his crypto markets analysis as bitcoin (BTC) recedes near $27,000. And, Astaria CTO Joseph Delong explained the state of NFT lending in 2023. Headlines TradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors : The Fusion Digital Assets marketplace opened last week offering trading in bitcoin and ether versus the U.S. dollar. USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown : The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value. Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun : Multichain\'s team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief. StepStone VC Raises $97M for Two Blockchain Funds : SEC filings show pooled investment figures for the two private equity funds. USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment : The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin settled above $27.1K after Cleveland\'s Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data.\nInsights:Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange.\nCoinDesk Market Index (CMI)\n1,178\n−23.3▼1.9%\nBitcoin (BTC)\n$27,099\n−683.3▼2.5%\nEthereum (ETH)\n$1,874\n−32.7▼1.7%\nS&P 500\n4,179.83\n−25.7▼0.6%\nGold\n$1,980\n+15.8▲0.8%\nNikkei 225\n30,887.88\n−440.3▼1.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,178", "\\u221223.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,099", "\\u2212683.3\\u25bc2.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "\\u221232.7\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,179.83", "\\u221225.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+15.8\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,887.88", "\\u2212440.3\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Early, Then Holds Above $27.1K\nBy James Rubin\nHawkish comments by Cleveland’s Federal Reserve Bank president, the increasing likelihood of at least one more interest rate hike by the U.S. central bank and dispiriting Chinese manufacturing data kept crypto investors off-balance on Wednesday.\nBitcoin, the largest cryptocurrency by market capitalization, was trading near $27,100, down more than 2.2% over the previous 24 hours, after spending much of the previous four days comfortably above $27,500. BTC finished May (UTC) with its first losing month of 2023 after soaring by more than 60% over the first four months.\n“Bitcoin encountered selling pressure in response to comments made by a prominent Federal Reserve official, indicating a lack of compelling reasons to pause liquidity tightening measures,” Mikkel Morch, chairman and non-executive director at crypto investment fund ARK36, said. “These remarks have had a disruptive impact on various risk assets, including cryptocurrencies.\nMorch added: “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding bitcoin and other risk assets.”\nIn an interview with the Financial Times published Wednesday, Fed Cleveland bankPresident Loretta Mester saidthat she did not see any reason to cease the Fed’s nearly year-long streak of rate increases, although she was open to changing her mind if the currenthot employment market, a characteristic of high inflation periods, and prices cool. “We may have to go further,” she told the Times. “At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.”\nCrypto markets have struggled in recent weeks amid uncertainty about the U.S. government’s ability to extend the debt limit and meet its financial obligations, and inflationary concerns. House lawmakers finally passed the bill late Wednesday via a bipartisan effort that overcame strong opposition from far-right Republicans. Meanwhile, the anticipated rebound of the Chinese economy slowed at least temporarily as the official manufacturing purchasing managers index declined to 48.8 in May from 49.2 in April, according to the country’s National Bureau of Statistics said\nEther was recently changing hands at about $1,875, off 1.4% from Tuesday, same time. Other major cryptos spent much of Wednesday in the red with AVAX, the token of the Avalanche base-layer network, and UNI, the native cryptocurrency of the Uniswap decentralized exchange, both recently off more than 2%. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down over 2.1%.\nEquity markets sank with the tech-focused Nasdaq and S&P 500 both closing down 0.6% as investors recoiled following a strong Job Openings and Labor Turnover (JOLTS) report showed openings increasing to 10.1 million instead of an expected 9.3 million in April, and breaking a three-month streak of declines that had offered hope for monetary policy observers hoping for a dovish turn.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.”\nHave bitcoin and ether bottomed out? Dave Weisberger, the CEO of CoinRoutes, which provides algorithmic trading strategies in the crypto space, noted to CoinDesk TV that bitcoin holding is at an all-time high while BTC to be sold on exchanges and volume on exchanges are at low levels.\nWeisberger said the trends tell you “that speculators are moving into pricing and moving out but the long-term buyers seem happy to buy in this below $27K range and cushion in any downdraft. So it feels like we’re in the bottom of a trading range.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.5%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}]\nA Whale Risk Reduction Strategy Ahead of Debt Deal\nBy Glenn Williams Jr.\nOn-chain data shows that large holders of bitcoin reduced their bitcoin holdings in the days leading up to the debt deal. Additional data shows an increase in BTC sent to centralized exchanges. What happens next should be monitored closely as an indication of overall sentiment.\nThe supply of bitcoin held by addresses with balances exceeding 100K BTC declined from 663,306 to 543,958 on May 22, right ahead of the debt deal. A key question is whether the reduction was tied to short-term fiscal concerns, or longer term questions about BTC prices.\nWhile the number of addresses holding more than 100K BTC is small, the activity of whales can sometimes create cascading effects if they exit their positions en masse. The number of addresses with 1,000 BTC or more sending bitcoin to exchanges has increased as well, showing that smaller whales may also be unloading risk.\nWhat happens next is most important. An increase in bitcoin supply for large holders following the debt deal will signal their renewal of bullish sentiment. A continued decline would imply that they have larger concerns.\nLondon Blockchain Conference\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Retail Sales (YoY/April)\n8:15 p.m. HKT/SGT(12:15 UTC)United States ADP Employment Change (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Ahead of Debt Ceiling House Vote; Rep. Davidson on Future of U.S. Crypto Regulation\nThe U.S. Debt limit deal is approaching a vote, after passing a key test in the House rules committee on Tuesday. Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the potential impact of the deal and the outlook for crypto regulation. Plus, CoinRoutes CEO and co-founder Dave Weisberger shared his crypto markets analysis as bitcoin (BTC) recedes near $27,000. And, Astaria CTO Joseph Delong explained the state of NFT lending in 2023.\nTradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors:The Fusion Digital Assets marketplace opened last week offering trading in bitcoin and ether versus the U.S. dollar.\nUSDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown:The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.\nCrypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun:Multichain\'s team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.\nStepStone VC Raises $97M for Two Blockchain Funds:SEC filings show pooled investment figures for the two private equity funds.\nUSDT Issuer Tether Ventures Into Payment Processing With Georgia Investment:The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin settled above $27.1K after Cleveland\'s Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data.\nInsights:Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange.\nCoinDesk Market Index (CMI)\n1,178\n−23.3▼1.9%\nBitcoin (BTC)\n$27,099\n−683.3▼2.5%\nEthereum (ETH)\n$1,874\n−32.7▼1.7%\nS&P 500\n4,179.83\n−25.7▼0.6%\nGold\n$1,980\n+15.8▲0.8%\nNikkei 225\n30,887.88\n−440.3▼1.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,178", "\\u221223.3\\u25bc1.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,099", "\\u2212683.3\\u25bc2.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "\\u221232.7\\u25bc1.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,179.83", "\\u221225.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+15.8\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["30,887.88", "\\u2212440.3\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Sinks Early, Then Holds Above $27.1K\nBy James Rubin\nHawkish comments by Cleveland’s Federal Reserve Bank president, the increasing likelihood of at least one more interest rate hike by the U.S. central bank and dispiriting Chinese manufacturing data kept crypto investors off-balance on Wednesday.\nBitcoin, the largest cryptocurrency by market capitalization, was trading near $27,100, down more than 2.2% over the previous 24 hours, after spending much of the previous four days comfortably above $27,500. BTC finished May (UTC) with its first losing month of 2023 after soaring by more than 60% over the first four months.\n“Bitcoin encountered selling pressure in response to comments made by a prominent Federal Reserve official, indicating a lack of compelling reasons to pause liquidity tightening measures,” Mikkel Morch, chairman and non-executive director at crypto investment fund ARK36, said. “These remarks have had a disruptive impact on various risk assets, including cryptocurrencies.\nMorch added: “Simultaneously, the release of discouraging manufacturing data from China has added to the bearish sentiment surrounding bitcoin and other risk assets.”\nIn an interview with the Financial Times published Wednesday, Fed Cleveland bankPresident Loretta Mester saidthat she did not see any reason to cease the Fed’s nearly year-long streak of rate increases, although she was open to changing her mind if the currenthot employment market, a characteristic of high inflation periods, and prices cool. “We may have to go further,” she told the Times. “At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.”\nCrypto markets have struggled in recent weeks amid uncertainty about the U.S. government’s ability to extend the debt limit and meet its financial obligations, and inflationary concerns. House lawmakers finally passed the bill late Wednesday via a bipartisan effort that overcame strong opposition from far-right Republicans. Meanwhile, the anticipated rebound of the Chinese economy slowed at least temporarily as the official manufacturing purchasing managers index declined to 48.8 in May from 49.2 in April, according to the country’s National Bureau of Statistics said\nEther was recently changing hands at about $1,875, off 1.4% from Tuesday, same time. Other major cryptos spent much of Wednesday in the red with AVAX, the token of the Avalanche base-layer network, and UNI, the native cryptocurrency of the Uniswap decentralized exchange, both recently off more than 2%. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down over 2.1%.\nEquity markets sank with the tech-focused Nasdaq and S&P 500 both closing down 0.6% as investors recoiled following a strong Job Openings and Labor Turnover (JOLTS) report showed openings increasing to 10.1 million instead of an expected 9.3 million in April, and breaking a three-month streak of declines that had offered hope for monetary policy observers hoping for a dovish turn.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.”\nHave bitcoin and ether bottomed out? Dave Weisberger, the CEO of CoinRoutes, which provides algorithmic trading strategies in the crypto space, noted to CoinDesk TV that bitcoin holding is at an all-time high while BTC to be sold on exchanges and volume on exchanges are at low levels.\nWeisberger said the trends tell you “that speculators are moving into pricing and moving out but the long-term buyers seem happy to buy in this below $27K range and cushion in any downdraft. So it feels like we’re in the bottom of a trading range.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.5%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}]\nA Whale Risk Reduction Strategy Ahead of Debt Deal\nBy Glenn Williams Jr.\nOn-chain data shows that large holders of bitcoin reduced their bitcoin holdings in the days leading up to the debt deal. Additional data shows an increase in BTC sent to centralized exchanges. What happens next should be monitored closely as an indication of overall sentiment.\nThe supply of bitcoin held by addresses with balances exceeding 100K BTC declined from 663,306 to 543,958 on May 22, right ahead of the debt deal. A key question is whether the reduction was tied to short-term fiscal concerns, or longer term questions about BTC prices.\nWhile the number of addresses holding more than 100K BTC is small, the activity of whales can sometimes create cascading effects if they exit their positions en masse. The number of addresses with 1,000 BTC or more sending bitcoin to exchanges has increased as well, showing that smaller whales may also be unloading risk.\nWhat happens next is most important. An increase in bitcoin supply for large holders following the debt deal will signal their renewal of bullish sentiment. A continued decline would imply that they have larger concerns.\nLondon Blockchain Conference\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Retail Sales (YoY/April)\n8:15 p.m. HKT/SGT(12:15 UTC)United States ADP Employment Change (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Ahead of Debt Ceiling House Vote; Rep. Davidson on Future of U.S. Crypto Regulation\nThe U.S. Debt limit deal is approaching a vote, after passing a key test in the House rules committee on Tuesday. Rep. Warren Davidson (R-Ohio) joined "First Mover" to discuss the potential impact of the deal and the outlook for crypto regulation. Plus, CoinRoutes CEO and co-founder Dave Weisberger shared his crypto markets analysis as bitcoin (BTC) recedes near $27,000. And, Astaria CTO Joseph Delong explained the state of NFT lending in 2023.\nTradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors:The Fusion Digital Assets marketplace opened last week offering trading in bitcoin and ether versus the U.S. dollar.\nUSDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown:The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.\nCrypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun:Multichain\'s team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.\nStepStone VC Raises $97M for Two Blockchain Funds:SEC filings show pooled investment figures for the two private equity funds.\nUSDT Issuer Tether Ventures Into Payment Processing With Georgia Investment:The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.', '• Stocks slid on Wednesday ahead of a House vote to resolve the debt-ceiling crisis.\n• The price of credit default swaps linked to US debt show investors think a default is possible, though unlikely.\n• All three major indexes ended the day in the red, with the Dow sliding more than 100 points.\nUS stocks slid on Wednesday as investors waited for lawmakers to vote on a potential resolution to the debt-ceiling crisis. All three major indexes ended the day in the red, with the Dow Jones Industrial Average sliding over 100 points.\nThe deal, negotiated by President Joe Biden and House Speaker Kevin McCarthy over the weekend, passed the House Rules Committee with a 7-6 vote on Tuesday night, with a full House vote scheduled for Wednesday evening.\nMarkets have lowered their expectations of a US debt default, though the price of credit default swaps tied to US debt still show that investors think a default is possible. The one-year implied probability of a default fell to 1.3% on Tuesday at the market close, down from a peak of 4.3% on May 11, per MSCI research.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Wednesday:\n• S&P 500: 4,180.13, down 0.6%\n• Dow Jones Industrial Average: 32,910.90, down 0.4% (131.88 points)\n• Nasdaq Composite: 12,935.29, down 0.63%\nInvestors were also discouraged byslowing factory activity in China, as well as unexpectedly strong preliminary jobs data in the US. Job openings rose above 10.1 million, surpassing economists\' predictions of 9.4 million openings.\nMeanwhile, Fed Governor Philip Jefferson suggested more interest rate hikes could be in order, adding in a press conference on Wednesday that a potential pause in rates would not mean interest rates had yet peaked.\nPhiladelphia Fed President Patrick Harker said he believed the central bank should "skip, not pause" rates at its next policy meeting, contingent on the official May jobs report and inflation data.\nHere\'s what else is going on:\n• Real estate investors are retreating from the housing marketat record pace, according to Redfin data.\n• Nvidia could climb another 26%as its supercomputer launch will solidify the company as a leader in the AI space, Bank of America forecasted.\n• Elon Musk told officials in Beijinghe\'s opposed to China and the US breaking down their economic ties.\n• Mega-cap tech dominance in the S&P 500is obscuring investor bets that the economy may already be in a recession.\n• Americans shouldn\'t delude themselvesinto thinking that China won\'t continue to outgrow the US economy, a former Treasury official said.\n• Billionaire investor Mark Mobius sayshe\'s finally been able to get his money out of China - but investments in the country still pose a "dilemma."\nIn commodities, bonds, and crypto:\n• Oil prices dipped, withWest Texas Intermediatedown 2.2% to $67.92 a barrel.Brent crude, the international benchmark, slipped 1.1% to $72.71 a barrel\n• Goldedged 0.2% higher to $1,982.30 per ounce.\n• The10-year Treasury yieldticked down five basis points to 3.63%.\n• Bitcoindeclined 2.8% to $27,027.98.\nRead the original article onBusiness Insider', 'U.S. President Joe Biden and Speaker of the House Kevin McCarthy (R-CA) depart the U.S. Capitol following the Friends of Ireland Luncheon on Saint Patrick\'s Day March 17, 2023 in Washington, DC. The Friends of Ireland caucus was founded in 1981 by the late Irish-American politicians Irish-American politicians Sen. Ted Kennedy (D-MA), Sen. Daniel Moynihan (D-NY) and former Speaker of the House Tip ONeill (D-MA) Drew Angerer/Getty Images Stocks slid on Wednesday ahead of a House vote to resolve the debt-ceiling crisis. The price of credit default swaps linked to US debt show investors think a default is possible, though unlikely. All three major indexes ended the day in the red, with the Dow sliding more than 100 points. US stocks slid on Wednesday as investors waited for lawmakers to vote on a potential resolution to the debt-ceiling crisis. All three major indexes ended the day in the red, with the Dow Jones Industrial Average sliding over 100 points. The deal, negotiated by President Joe Biden and House Speaker Kevin McCarthy over the weekend, passed the House Rules Committee with a 7-6 vote on Tuesday night, with a full House vote scheduled for Wednesday evening. Markets have lowered their expectations of a US debt default, though the price of credit default swaps tied to US debt still show that investors think a default is possible. The one-year implied probability of a default fell to 1.3% on Tuesday at the market close, down from a peak of 4.3% on May 11, per MSCI research. Here\'s where US indexes stood at the 4:00 p.m. ET close on Wednesday: S&P 500 : 4,180.13, down 0.6% Dow Jones Industrial Average : 32,910.90, down 0.4% (131.88 points) Nasdaq Composite : 12,935.29, down 0.63% Investors were also discouraged by slowing factory activity in China , as well as unexpectedly strong preliminary jobs data in the US. Job openings rose above 10.1 million, surpassing economists\' predictions of 9.4 million openings. Meanwhile, Fed Governor Philip Jefferson suggested more interest rate hikes could be in order, adding in a press conference on Wednesday that a potential pause in rates would not mean interest rates had yet peaked. Philadelphia Fed President Patrick Harker said he believed the central bank should "skip, not pause" rates at its next policy meeting, contingent on the official May jobs report and inflation data. Here\'s what else is going on: Real estate investors are retreating from the housing market at record pace, according to Redfin data. Nvidia could climb another 26% as its supercomputer launch will solidify the company as a leader in the AI space, Bank of America forecasted. Elon Musk told officials in Beijing he\'s opposed to China and the US breaking down their economic ties. Mega-cap tech dominance in the S&P 500 is obscuring investor bets that the economy may already be in a recession. Americans shouldn\'t delude themselves into thinking that China won\'t continue to outgrow the US economy, a former Treasury official said. Billionaire investor Mark Mobius says he\'s finally been able to get his money out of China - but investments in the country still pose a "dilemma." Story continues In commodities, bonds, and crypto: Oil prices dipped, with West Texas Intermediate down 2.2% to $67.92 a barrel. Brent crude , the international benchmark, slipped 1.1% to $72.71 a barrel Gold edged 0.2% higher to $1,982.30 per ounce. The 10-year Treasury yield ticked down five basis points to 3.63%. Bitcoin declined 2.8% to $27,027.98. Read the original article on Business Insider', 'Bitcoin Miladys, a Bitcoin-based derivative of the Miladys NFT collection, has introduced the BRC-721E token standard in collaboration with Ordinals Market and Xverse. This new token standard enables traders to convert their Ethereum-based ERC-721 NFTs to NFTs on theBitcoinnetwork.\nUsing the Ordinals Market platform,EthereumNFT holders can burn their tokens and inscribe them onto a satoshi on the Bitcoin network, which will then appear on a custom Ordinals Market collection page with complete metadata. Although metadata is initially not stored on-chain, Ordinals Market offers options for on-chain previews of the NFTs.\nThe growth of Bitcoin NFTs has been notable, with Ordinals surpassing 10 million inscriptions on Monday, compared to 3 million inscriptions in early May. In terms of trading volumes, Bitcoin has secured the second spot on the leaderboard, trailing just behind Ethereum.\nNotably, Binance NFT and Magic Eden have also expanded their support for Bitcoin NFTs in recent months, reflecting the increasing interest in the Bitcoin NFT ecosystem. The BRC-721E token standard bridges the gap between Ethereum and Bitcoin, providing traders with the opportunity to convert and explore new possibilities for their NFT assets.', 'Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals Bitcoin Miladys, a Bitcoin-based derivative of the Miladys NFT collection, has introduced the BRC-721E token standard in collaboration with Ordinals Market and Xverse. This new token standard enables traders to convert their Ethereum-based ERC-721 NFTs to NFTs on the Bitcoin network. Using the Ordinals Market platform, Ethereum NFT holders can burn their tokens and inscribe them onto a satoshi on the Bitcoin network, which will then appear on a custom Ordinals Market collection page with complete metadata. Although metadata is initially not stored on-chain, Ordinals Market offers options for on-chain previews of the NFTs. The growth of Bitcoin NFTs has been notable, with Ordinals surpassing 10 million inscriptions on Monday, compared to 3 million inscriptions in early May. In terms of trading volumes, Bitcoin has secured the second spot on the leaderboard, trailing just behind Ethereum. Notably, Binance NFT and Magic Eden have also expanded their support for Bitcoin NFTs in recent months, reflecting the increasing interest in the Bitcoin NFT ecosy Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,699,113,762 - Hash Rate: 336187209.4940784 - Transaction Count: 355986.0 - Unique Addresses: 678136.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Are you interested in cryptocurrency trading but feeling overwhelmed by the complexities of the market? Look no further! In this blog post, we will discuss the top 5 mistakes to avoid when trading crypto, including popular currencies such as Bitcoin, Ethereum , and others. Crypto trading has gained popularity in recent years due to its potential for high returns, but it also involves risks and requires a thorough understanding of the market. That’s why we’ve compiled a list of the top 5 mistakes that even experienced traders make when trading crypto. Whether you’re new to the world of cryptocurrency or a seasoned trader, this blog post will provide valuable insights and practical tips to help you navigate the crypto market with confidence. So, let’s dive in and discover the common pitfalls to avoid when trading popular cryptocurrencies such as Ethereum. Five Crypto Trading Mistakes To Avoid FOMO (Fear of Missing Out) FOMO, or Fear of Missing Out, is a common emotion experienced by traders in the crypto market. It occurs when a trader feels the urge to buy or sell a particular cryptocurrency due to the fear of missing out on potential profits or market trends. FOMO can lead to impulsive buying and selling decisions, which can result in significant losses. To avoid FOMO, traders can set trading rules and stick to them, such as setting stop-loss orders and avoiding trading based on emotions. It’s essential to conduct thorough research and make informed decisions rather than acting solely on the fear of missing out. Lack of Research Conducting thorough research is crucial before investing in any cryptocurrency. Lack of research can lead to investing in scam projects or unstable cryptocurrencies, resulting in significant financial losses. To avoid such situations, it’s essential to conduct extensive research, read whitepapers, study market trends, and analyze the project’s fundamentals. Traders should also avoid investing in cryptocurrencies based solely on hype or social media buzz. By doing proper research, investors can make informed decisions and mitigate the risks associated with investing in the crypto market. Story continues Overtrading Overtrading is a common mistake in the crypto market where traders execute too many trades in a short period, resulting in negative impacts on their portfolios. Overtrading can lead to unnecessary losses, missed opportunities, and increased transaction costs. Traders should set trading limits and avoid making impulsive trading decisions. It’s also essential to take breaks to avoid becoming emotionally attached to a particular trade or market trend. By developing a trading strategy and sticking to it, traders can avoid the negative impacts of overtrading and make more informed trading decisions. Ignoring Risk Management Ignoring risk management is a critical mistake in crypto trading. It has the potential to result in substantial losses and even financial ruin. Traders should prioritize risk management by diversifying their portfolios, setting stop-loss orders, and maintaining a proper risk-to-reward ratio. It’s essential to understand the risks associated with each trade and take necessary precautions to mitigate them. By implementing proper risk management strategies, traders can minimize their losses and maximize their profits in the volatile crypto market. Following the Crowd Following the crowd can be a mistake in crypto trading as it can lead to making decisions based on hype rather than fundamental analysis. Blindly following the crowd can result in losses and missed opportunities as market trends can change quickly. To avoid following the crowd, traders should conduct independent research, study market trends, and trust their own analysis. It’s essential to have a trading plan and stick to it, even if it goes against the current market sentiment. By avoiding herd mentality, traders can make informed decisions and maximize their profits in the dynamic crypto market. Conclusion Being aware of these mistakes is crucial for traders to avoid unnecessary losses and maximize their profits. Traders should prioritize risk management, conduct thorough research, stick to their trading plan, and avoid impulsive decisions based on emotions or social media buzz. By continuing to learn and improve their trading skills, traders can achieve success in the dynamic and volatile crypto market. McClatchy newsroom and editorial staff were not involved in the creation of this content.... - Reddit Posts (Sample): [['u/sixgod999', "From Wall Street to Sats Town: An ex TradFi's Thesis for Betting on Bitcoin", 58, '2023-06-01 01:29', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/', 'Having been entrenched in the traditional finance industry for over a decade and halfway through my CFA journey, I found myself captivated by Bitcoin and let\'s say, I never looked back. Despite the increasing adoption and moon boy chants growing louder, I prefer approaching Bitcoin with a sound investment thesis, especially when I explain to my TradFi colleagues why I\'m so obsessed with this asset. Here are the five key investment principles that guide my perspective:\n\n\n\n1. Historical Trends with Fiat: Reflecting on history, we can observe that fiat currencies usually have a 50-90 years lifespan. We transitioned to a full fiat currency with the US dollar in 1971, courtesy of the Nixon shock. While history may not always repeat itself, it often rhymes - "this time it\'s different" are often the last words uttered by a faltering civilization.\n2. Unsustainable Debt: Following the 2000 and 2008 financial shocks, instead of allowing the system to collapse and rebuild, we\'ve been artificially inflating it with debt, so much so that raising interest rates without breaking something now seems impossible. We may soon find ourselves resorting to money printing to inflate this debt away, potentially leading to inflation.\n3. Hard Assets vs. Fiat: This rampant money printing will likely push the \'smart money\' towards hard assets such as gold. However, most people won\'t be able to own or verify their gold ownership physically; they\'ll rely on paper claims, which essentially brings us back to square one. While gold has been an excellent store of value for millennia, its physical limitations render it ineffective as money in our digital era.\n4. Energy vs. Money Printing: The US\' ability to print money might not sit well with energy companies. If you can "print energy" by printing money to pay for goods and services, it fundamentally contradicts the first law of thermodynamics (energy cannot be created or destroyed, only transferred). It also means forcing energy providers to accept an inferior asset for a superior one. It\'s only logical that they would gravitate towards an asset that\'s harder (or impossible) to print out of thin air.\n5. Real Estate and Store of Value: Traditional store of value, real estate, is being increasingly monetized as large corporations like BlackRock incorporate them into their investment portfolios, driving up prices and making homeownership unaffordable for many. This trend will likely increase the demand for an asset with long-term store-of-value properties.\n\n\n\nIf these trends continue, and it seems like they will, Bitcoin presents itself as a compelling solution.\n\nIt\'s the ONLY bearer asset that allows ease of wealth storage and transfer. \n\nIt\'s decentralized, unlike other cryptocurrencies with identifiable founders or teams.\n\nIts supply is capped, making it impossible to create more without expending an equivalent amount of energy.\n\n"Toka Koka", a phrase from the anime "Full Metal Alchemist" resonates here - humankind cannot gain anything without giving something in return, energy for energy. This is echoed in Bitcoin\'s proof of work concept.\n\nI acknowledge that my thesis may have flaws and that I could be wrong. That\'s why I still maintain a traditional portfolio (so my wife doesn\'t think I\'ve gone full tinfoil hat). However, given the unfolding macroeconomic trends and Bitcoin\'s unique properties, it seems like a once-in-a-lifetime opportunity, and I am willing to accept the downside risk for the potential upside.\n\n\n\nTL;DR: From a traditional finance background, I argue that Bitcoin is a promising investment because: 1) Fiat currencies have limited lifespans; 2) Debt and potential inflation issues loom; 3) Gold isn\'t practical for everyone; 4) Printing money undermines energy value; 5) Rising real estate prices highlight the need for accessible stores of value. Despite risks, I believe in Bitcoin\'s upside potential.', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/', '13x1re4', [['u/feedb4k', 12, '2023-06-01 03:28', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/jmf4wwl/', 'I enjoyed reading this while also wondering if you used ChatGPT. One point that doesn’t make sense is 4 - “printing money undermines energy value.” I don’t see how your rational works. Printing money is not equivalent to printing energy. There’s printing money and there’s generating energy. Money can be printed and exchanged for goods at an agreed upon value, it doesn’t change the energy it took to produce the good. Seems like irrational logic to me.', '13x1re4'], ['u/sixgod999', 10, '2023-06-01 03:34', 'https://www.reddit.com/r/Bitcoin/comments/13x1re4/from_wall_street_to_sats_town_an_ex_tradfis/jmf5q3g/', 'I did use chat GPT to help me organize my thoughts but the ideas are still mine!\n\nThanks for pointing that out - the idea I was trying to put out there re: the energy argument is that since we have the Petrol dollar system, the US basically has the ability to create something out of nothing (new fiat) and use that to buy oil (basically energy - aka ability to print energy). Right now it’s only agreed upon since it’s the world reserve currency but exploiting this might make energy providers think again since a fiat currency is only valuable because people believe it is. \n\nThis phenomena is only available to one state currently so I do realize why it’s confusing.', '13x1re4']]], ['u/chumeanbro', 'Investors are holding onto BTC, waiting for a bullish momentum', 23, '2023-06-01 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13x1rmo/investors_are_holding_onto_btc_waiting_for_a/', 'According to [data provided by CryptoQuant](https://twitter.com/cryptoquant_com/status/1663819515279572996?t=OqrqP_4wrqUqzVr95t7sRg&s=19), the value of Bitcoin reserves has seen a significant drop of approximately $7 billion in the past month. CryptoQuant\'s publication states, "At the very least, the amount of Bitcoin circulating on exchanges has decreased over the last month."\n\n\n\nhttps://preview.redd.it/9lcqg641ma3b1.png?width=648&format=png&auto=webp&v=enabled&s=bf59f995f24611ebf2edcfa840c58d1dd45210ef\n\nFurthermore, CryptoQuant data indicates that exchange platforms have lost a substantial amount of 2,132,000 Bitcoins from their reserves. This decrease suggests that investors are opting to hold onto their Bitcoins rather than engaging in large-scale selling.\n\nPast data reveals an ongoing decline in the number of deposit transactions on exchanges since 2022, resembling a situation witnessed in July 2019 (likely influenced by the positive sentiment surrounding the upcoming Bitcoin halving event scheduled for May 2020)', 'https://www.reddit.com/r/CryptoCurrency/comments/13x1rmo/investors_are_holding_onto_btc_waiting_for_a/', '13x1rmo', [['u/Ninja_Gogen', 14, '2023-06-01 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13x1rmo/investors_are_holding_onto_btc_waiting_for_a/jmesbxv/', "I've been holding for fucking years now. Held it all the way up in the last bull run, all the way down to the (hopefully) bottom. May as well hold it a bit longer. Mark my words, though. This time I WILL take profits!", '13x1rmo']]], ['u/cryotosensei', 'What % does BTC comprise in your portfolio?', 27, '2023-06-01 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/', "Everyone seems to be cautiously optimistic about BTC these days. The next BTC halving is coming fairly soon. An analytics firm called Glassnode shares that BTC is currently trading slightly above long term holders' cost basis - what this means that we've entered the second stage of the bull cycle called “transition' (after capitulation but before equilibrium and euphoria). And who can forget how the Former Coinbase Chief Technology Officer (CTO) created a stir by making the bold claim that Bitcoin would hit $1 million by June 17 this year? Regardless of whether he was making a publicity stunt, the fact that he staked his reputation on BTC shows how salient this asset is in the minds of retail investors.\n\nSuffice it to say that people are looking to BTC to pump in the near future. In regard to that, are you increasing the proportion of BTC in your portfolio? Or are you taking the long-term view and looking to accumulate BTC at your own pace?", 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/', '13x3i1x', [['u/monaslab', 17, '2023-06-01 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmezug5/', '10% BTC. I bought too many shitcoins. Waiting for opportunity to transfer them into BTC once an alt season appears', '13x3i1x'], ['u/002_timmy', 35, '2023-06-01 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmezz6q/', "Crypto Portfolio- 60% \nInvestment Portfolio- 20%\n\nI'm a firm believer that even though I believe crypto and bitcoin is the future, everyone should be investing in some traditional manners (401k, HSA, Brokerage, Property, etc). You never want to be in trouble is one sector implodes", '13x3i1x'], ['u/Onnimation', 26, '2023-06-01 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmf01eq/', '0%', '13x3i1x'], ['u/jet_life_next_life', 30, '2023-06-01 03:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmf17pn/', '100%', '13x3i1x'], ['u/BigLongFootDoctor', 16, '2023-06-01 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmf72o6/', 'This guy fucks', '13x3i1x'], ['u/DukeThom', 18, '2023-06-01 04:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmfcywa/', 'I FOUND HIM, I FOUND THE REASONABLE ONE THAT HAS BEEN PROPHESIED!\n\nGet him!!\n\n![gif](giphy\|3o7TKwmBiXfwA951ra\|downsized)', '13x3i1x'], ['u/[deleted]', 15, '2023-06-01 05:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmfgx3r/', "I only invest if I see utility in something.\n\nI can't remember how many years it's been since I've used Bitcoin for utility. Ethereum, in contrast, I use all the time.", '13x3i1x'], ['u/cannedshrimp', 23, '2023-06-01 05:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13x3i1x/what_does_btc_comprise_in_your_portfolio/jmfm9pk/', 'Don’t wait. Fix that mistake now', '13x3i1x']]], ['u/WeOwntheNightX', "What would a Sopranos episode about Tony's crew wanting to get into bitcoin be like?", 11, '2023-06-01 04:50', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/', 'I think Tony would make Jackie Jr be the head researcher for the bitcoin branch of this thing of ours that we neva talk about!', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/', '13x67x7', [['u/JessiePinkmanYo', 46, '2023-06-01 04:52', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/jmffopw/', 'Ya suppose to push Dogecoin!', '13x67x7'], ['u/Dramatic-Mongoose-95', 19, '2023-06-01 05:00', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/jmfgngs/', 'It died the blockchain tone', '13x67x7'], ['u/peedge0419', 20, '2023-06-01 07:40', 'https://www.reddit.com/r/thesopranos/comments/13x67x7/what_would_a_sopranos_episode_about_tonys_crew/jmfxb4j/', 'Log off that cookies shit makes me nervous!', '13x67x7']]], ['u/Lucy_Starlight', 'I don’t know if my (F32) relationship with my fiancé (M28) is normal.', 17, '2023-06-01 05:22', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/', 'My fiancé (28M) and I (32F) have been together for six and a half years. Before this, I have been abused in every possible way you can think of. I\'ve asked friends if they think our relationship is normal, and if how he treats me is normal. They all say no. I wanted to ask everyone on here because you don\'t know us and you\'re not inclined to lie and make me feel better. \nI get called names on a weekly basis. Things like "miserable fck. If things aren\'t going his way, he\'ll freak out and I will wince or flinch. He hates that and says that I’m overreacting and he’d never hurt me. I try to explain to him that that\'s not what it is at all. Another example is when he took me to my favorite place for a late birthday present, I got "too loud" because I was excited. We were outside and I saw something I thought was cool so I pointed at it and my voice did raise but it was because I was happy. He told me to calm down and lower my voice, and then I got upset he said that so he told me to "drop the fcking attitude and fix my tone." Then we went to a bar/ restaurant. I have seizures and cannot drink, so I asked the waiter if I could have a ginger ale and I guess I said it like a btch? I think it was because I wasn’t sure if they were going to have regular drinks. Because he walked away and my fiancé was like "wow, I would have definitely just thought you were a stuck up btch if I was him." \| excused myself and cried in the bathroom. We then went to my favorite store. I was so excited. It was the first time I had been there because they had just opened up a storefront where I live. I’ve been buying online for years. I wanted to take a picture with him in their mirror that is for selfies. We took a couple, I looked at them and didn’t like them, so I asked if I could try again and he said I was “being ridiculous and really annoying him.” Once again, I held back the tears. Then today, he was showing me a video on his phone. He knew I was trying to read so i wasn\'t that interested, and he was like "you don\'t get it, she\'s a powerful singer" and I was engrossed in my book and I said "I don\'t know babe" and he jumped off our bed, I heard a crack and I was like "Jeez, I think you might have just busted a board" and he said " don\'t give a fck, you\'re a miserable fck" and hasn\'t talked to me all night. I cried myself to sleep and just woke up. \nWhen he\'s not like this, he\'s very sweet and my best friend. I just want to know if this is normal relationship bickering or if I need to really talk to him about it. This is the healthiest relationship I’ve ever had so I don’t want to be acting like a child and having my feelings hurt when this is just a normal thing. He never used to do this, my friends say he’s gotten too comfortable. Thanks for listening to my rant!', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/', '13x6v1x', [['u/meggnuggz', 76, '2023-06-01 05:27', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfjxe9/', 'Sounds like an ass. Dump him. Get some therapy. I don’t mean that in a mean way. I really do genuinely think being in multiple abusive relationships is going to take a huge mental toll on you.\n\nTake some time away from dating and learn to enjoy being with yourself. Find new hobbies and like minded people who build you up and make you feel important. Do what makes you happy. When you’re feeling more confident in yourself and you can see what you deserve in a relationship - that’s when you can put yourself out there again.', '13x6v1x'], ['u/Training_Turnover', 14, '2023-06-01 05:35', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfksad/', "I don't see how someone 'sweet' can call their partner names and then seemingly ignore you crying. He doesn't care about you, and it sounds like he expects you to revolve around him. He doesn't take you seriously at all. You need to stand up for yourself girl, you're going to listen to him call you a miserable fck for the rest of your life after you get married, do you think you can take it? What if you're at a breaking point but you have a child with him? That's going to make it even harder for you to leave him. Listen to the other comments OP, you can do it. Stand up for yourself and walk away from that man child.", '13x6v1x'], ['u/facinationstreet', 18, '2023-06-01 06:06', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfo6lx/', "How... could this be normal AT ALL?! \n\nNo, not normal. Abusive AF. I am sorry that this is the 'most healthy' relationship you've been in, but this is so far from a benchmark for healthy that it is stunning. In healthy relationships you are not being verbally abused every day. You are not crying multiple times a day. You are not being treated badly every day.", '13x6v1x'], ['u/facinationstreet', 11, '2023-06-01 06:53', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmfszl3/', "Does it matter if it is every day or every 2 days? Your partner should be your biggest cheerleader, your biggest support, your soft place to land if you've had a bad day. Not* someone who insults you, treats you like shit and swears at you REGULARLY.", '13x6v1x'], ['u/Great-Attitude', 11, '2023-06-01 06:56', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftag1/', "My (F 50's) oldest friend (F 50's) of 45 yrs also has BPD. She's also had feelings of abandonment and a difficult time being alone (and been in abusive relationships, one that ended 10yrs ago was a very long one, with 8 kids) But neither you, nor her are worthless alone. She's finally come to realize this, and has never been mentally healthier! I see why you're asking here, because if you haven't had healthy relationships, it's hard to realize what is acceptable or not. His words to you are abusive, but I'm glad you asked here. My ❤️ goes out to you because my dear friend has cried (and ranted lol) to me about her relationships over the years. I would write more now, but it's Really late here and I can't keep my eyes open. If you do respond, I will get back tomorrow. ❤️", '13x6v1x'], ['u/Lucy_Starlight', 13, '2023-06-01 06:57', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftglv/', 'Yeah, I’ve been in therapy since 2017, after I was r@ped on Halloween 2015 and started exhibiting symptoms of PTSD in 2017. I have spoken briefly about how my fiancé treats me but it’s only been a couple of times, like if I’m venting about a situation that happened that week. I need to go into more detail with her.', '13x6v1x'], ['u/Every-Anteater3587', 21, '2023-06-01 06:59', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftkxb/', 'You should talk about your abusive relationship with your therapist.', '13x6v1x'], ['u/Lucy_Starlight', 15, '2023-06-01 07:01', 'https://www.reddit.com/r/relationship_advice/comments/13x6v1x/i_dont_know_if_my_f32_relationship_with_my_fiancé/jmftuf3/', 'Yeah, I think I will. I have an appointment with her next week. I think the only subject we will talk about will be this one, because it needs to be talked about. She barely even knows, only bits and pieces. I was so excited to be engaged again and pick out my venue, dress, etc and that’s what I would tell her, but I need to go deeper into my relationship and the bad parts of it.', '13x6v1x']]], ['u/AutoModerator', '[Altcoin Discussion] - June 2023', 12, '2023-06-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7kny/altcoin_discussion_june_2023/', "Thread topics include, but are not limited to:\n\n* Discussion related to recent events\n* Technical analysis, trading ideas & strategies\n* General questions about altcoins\n\nThread guidelines:\n\n* Be excellent to each other.\n* All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.\n* This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.\n* No discussion about specific ICOs. Established coins only.\n\nIf you're not sure what kind of discussion belongs in this thread, [here](https://www.reddit.com/r/BitcoinMarkets/comments/8ckuwb/daily_discussion_monday_april_16_2018/dxgcgdb/) [are](https://www.reddit.com/r/BitcoinMarkets/comments/4o936f/alt_cryptocurrencies_megathread_june_15_2016/d4fv61m/) [some](https://www.reddit.com/r/BitcoinMarkets/comments/4kmayw/alt_cryptocurrencies_megathread/d3g6gzs/) [example](https://www.reddit.com/r/BitcoinMarkets/comments/6xejto/what_does_your_crypto_porfolio_look_like_and_why/) [posts](https://www.reddit.com/r/BitcoinMarkets/comments/7m4pj6/do_you_think_ethereum_will_surpass_bitcoin_in_510/drrpw1t/). News, TA, and sentiment analysis are great, too.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/) and check out the #altcoins channel\n* Daily Discussion for bitcoin only: [Daily Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=daily+discussion&sort=new&restrict_sr=on&t=all)\n* Prior Altcoin Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7kny/altcoin_discussion_june_2023/', '13x7kny', '[]'], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 01, 2023', 27, '2023-06-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/', '13x7ksg', [['u/dopeboyrico', 35, '2023-06-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmfnn5u/', 'BTC price YTD through end of May by year:\n\n2023: +64.5%\n\n2022: -31.4%\n\n2021: +28.8%\n\n2020: +31.5%\n\n2019: +128.9%\n\n2018: -46.9%\n\n2017: +137.3%\n\n2016: +23.4%\n\n2015: -28.2%\n\n2014: -17.4%\n\n2013: +852.0%\n\nStill a solid start this year despite the pullback in May. Note in 2020 we closed out the year at a new ATH before reaching a peak in 2021. Momentum YTD has been stronger than 2020 so far despite the fact that this is a pre-halving year rather than a halving year.\n\nOn the other hand, 2019 started the year off strong and found a local high midyear before pulling back for the rest of the year. Momentum YTD has been weaker than 2019 and this is another pre-halving year.\n\nWe’ll see what PA looks like for the rest of the year.', '13x7ksg'], ['u/DaBrokenMeta', 21, '2023-06-01 06:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmfp3o8/', 'So i just need to reach thru time and space and get myself to start going to the gym in 2013 and also buy Bitcoin!', '13x7ksg'], ['u/Essexal', 11, '2023-06-01 09:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmg6nvt/', 'If you were there it was the first real ‘bubble’ (over a thousand US dollarinos), mainly led by China, who then spent the next 3 years banning it every other week.\n\nThe newcomers don’t know how good they have it.', '13x7ksg'], ['u/52576078', 13, '2023-06-01 11:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgeye9/', 'You would have sold at a loss in 2015', '13x7ksg'], ['u/thesandyoyster', 39, '2023-06-01 13:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgod00/', 'I am a daily lurker of this subreddit but never comment. 7 hours into June 2023 and only 7 comments! I’ll bite the bullet and contribute. Complete silence in here while btc continues to hold $27k. Beating a dead horse, but zooming out, in one year supply issuance will be half of what it is today, with interest rates lower, and I bet the price will be higher. So I will buy some today and follow up in a year to see what the outcome is. Hope everyone has a great day.', '13x7ksg'], ['u/logicalinvestr', 18, '2023-06-01 13:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgq227/', 'The market reaction to the passage of the debt limit deal is weird.', '13x7ksg'], ['u/dopeboyrico', 13, '2023-06-01 14:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgsa9n/', 'BTC price YTD through end of June by year:\n\n2023: ?\n\n2022: -58.4%\n\n2021: +20.9%\n\n2020: +27.0%\n\n2019: +188.7%\n\n2018: -54.6%\n\n2017: +148.5%\n\n2016: +56.3%\n\n2015: -17.9%\n\n2014: -17.1%\n\n2013: +613.0%\n\nPA in pre-halving years 2015 and 2019 for the month of June were both to the upside. Repeat for 2023? We’ll see.', '13x7ksg'], ['u/Makonnen91', 15, '2023-06-01 14:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmgx2zf/', 'Yep. I’ll take the boring now, exciting later. Hard to believe the halving is less than a year out.\n\nI’ve only been in since summer ‘20 and averaged at $35k. But man it feels like it’s been 10 years lol', '13x7ksg'], ['u/[deleted]', 11, '2023-06-01 16:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhcx3n/', '>If markets get what they ultimately want — no debt default — they’ll have to buckle up for a potentially rough ride immediately after a deal is signed. That’s because the Treasury will instantly need to replenish the cash it burned through during the period of extraordinary measures when it could not borrow more money. This will create more competition for equity from investors. After weighing their options, many investors may find the returns from investing in US Treasuries better than stocks. That will temporarily suck some liquidity out of the stock market.\n\nThat quote from a CNN article really helped me understand what might happen.', '13x7ksg'], ['u/mad_bitcoin', 16, '2023-06-01 17:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhlq5e/', 'So you sold at $19,700 4 months ago and have been waiting for it to dip since then. You said you have been waiting for a dip to $18,000 lol! GFY😂', '13x7ksg'], ['u/xixi2', 12, '2023-06-01 18:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhtfyh/', 'Stocks pumping still so bitcoin must be breaking ou... checks Oh.', '13x7ksg'], ['u/imissusenet', 13, '2023-06-01 18:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmhu5ho/', 'Some DCA fun.\n\nBuy $10 of BTC every day for 1 year, starting on Jun 1. Here is what you would have for the last 4 years:\n\n\|End Date\|1 Y Spend\|1 Year Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$3650\|$4010.33\|9.9%\|\n\|5/31/2021\|$3650\|$7830.84\|114.5%\|\n\|5/31/2022\|$3650\|$2738.12\|\\-25.0%\|\n\|5/31/2023\|$3650\|$4589.67\|25.7%\|\n\n\n\nSame thing, but buy for 2 years:\n\n\|End Date\|2Y Spend\|2Y Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$7300\|$10,680.83\|46.3%\|\n\|5/31/2021\|$7300\|$23,655.41\|224.0%\|\n\|5/31/2022\|$7300\|$9,405.07\|28.8%\|\n\|5/31/2023\|$7300\|$6,934.87\|\\-5.0%\|\n\n\n\nSame thing, but buy for 3 years:\n\n\|End Date\|3Y Spend\|3Y Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$10950\|$17,034.10\|55.6%\n\|5/31/2021\|$10950\|$49,976.84\|356.4%\|\n\|5/31/2022\|$10950\|$22,877.62\|108.9%\| \n\|5/31/2023\|$10950\|$12,645.12\|15.5%\|\n\n\n\nSame thing, but buy for 4 years:\n\n\|End Date\|4Y Spend\|4Y Value\|Gain/Loss\|\n\|:-\|:-\|:-\|:-\|\n\|5/31/2020\|$14610\|$59,841.69\|309.6%\|\n\|5/31/2021\|$14610\|$75,200.78\|414.7%\|\n\|5/31/2022\|$14610\|$45,328.82\|210.3%\|\n\|5/31/2023\|$14610\|$24,216.00\|65.7%\|', '13x7ksg'], ['u/Talkless', 10, '2023-06-01 19:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmi0wm0/', "Here's DCA calclator where you can enter various amounts and time-frames: https://dcabtc.com/", '13x7ksg'], ['u/PurpleFlamingoFarmer', 17, '2023-06-01 20:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmiecht/', "It seems like anything between 24-30k is going to be a launch pad to the 40s where there is some trading history and then after that there isn't much resistance anywhere. This will all take months if not a year to unfold but I BELIEVE. Low leverage and you hold with a capital D.", '13x7ksg']]], ['u/rBitcoinMod', 'Daily Discussion, June 01, 2023', 35, '2023-06-01 08:06', 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13wdye8/daily_discussion_may_31_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/', '13x9s4l', [['u/satoshisindex', 10, '2023-06-01 08:09', 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/jmfzs3r/', 'Happy June :)\n\nMy $100/week DCA kicking in 3, 2, 1…', '13x9s4l'], ['u/Llonga', 11, '2023-06-01 20:41', 'https://www.reddit.com/r/Bitcoin/comments/13x9s4l/daily_discussion_june_01_2023/jmif18u/', 'It’s boring until it isn’t. Accumulate.', '13x9s4l']]], ['u/Aniilin', 'Mine KASPA with BTC Payouts', 15, '2023-06-01 11:33', 'https://www.reddit.com/r/kaspa/comments/13xd0ra/mine_kaspa_with_btc_payouts/', "Kaspa has been incredibly unpredictable lately. It could be due to the presence of ASICs or other unknown factors. I'm uncertain of the exact cause. However, I'm looking for a way to safeguard my investments without having switch to other coins.\n\nIs there anyone who can provide information on mining Kaspa with payouts in Bitcoin or USDT?", 'https://www.reddit.com/r/kaspa/comments/13xd0ra/mine_kaspa_with_btc_payouts/', '13xd0ra', [['u/vxm009', 10, '2023-06-01 11:34', 'https://www.reddit.com/r/kaspa/comments/13xd0ra/mine_kaspa_with_btc_payouts/jmgervv/', 'There is a trick how you can connect to Kryptex infrastructure and get BTC to your account. [https://www.kryptex.com/en/articles/kryptex-pools-direct-mining-en](https://www.kryptex.com/en/articles/kryptex-pools-direct-mining-en)\n\nKryptex will exchange everything you mine this way into bitcoins.', '13xd0ra']]], ['u/primordial_gloop', 'Easy long-term DCA, trade and hodl strategy for maximum low risk returns.', 20, '2023-06-01 12:30', 'https://www.reddit.com/r/CryptoCurrency/comments/13xdzb4/easy_longterm_dca_trade_and_hodl_strategy_for/', "This is how I maximise my crypto in long term investments. As we know, bull markets come in cycles usually coinciding with BTC halvings. After BTC tops it's then altcoin season (usually). What I do is DCA in a bear market into altcoins then trade into BTC at the height of alt season so I can ride btc down into a bear market. Then trade BTC for the altcoins at near bottom of the market and start DCAing again. I follow the plan b rainbow chart to guess the tops and bottoms of the market. This is for the people that don't want to take profits and see crypto as a long term investment and only works if BTC falls less % in a bear market than your altcoin (which is usually the case). Open for ridicule but it works for me without being a day trader. You can double your coins this way quite easily if you pick good projects.", 'https://www.reddit.com/r/CryptoCurrency/comments/13xdzb4/easy_longterm_dca_trade_and_hodl_strategy_for/', '13xdzb4', [['u/rikbona', 25, '2023-06-01 12:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13xdzb4/easy_longterm_dca_trade_and_hodl_strategy_for/jmgjeof/', ">What I do is DCA in a bear market\n\n>Then trade BTC for the altcoins at near bottom of the market\n\nWouldn't this require to know/recognise when the bear, the bottom and the highs happen?😶\n\nI don't know, maybe it's me, but all of it looks like timing the market and crypto trading, not so easy and definitely not so low-risky 😶", '13xdzb4']]], ['u/SrijanK', 'Deep Dive: IBM and Hedera', 101, '2023-06-01 12:35', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/', 'Over the past several weeks, I have tried to research IBM’s involvement in the Hedera ecosystem, especially their focus on the Hedera Consensus Service and how Hedera fits into the Hyperledger Fabric mechanism, which seems to be what the IBM Blockchain Platform uses for its blockchain use cases. I would like to share my findings below:\n\nTimeline:\n\n* IBM was the lead investor in Hedera Hashgraph\'s first funding round in February 2018.\n* Hedera Consensus Service was announced in June 2019. This whitepaper was co-authored by IBM.\n* IBM joins the Hedera Governing Council in August 2019.\n* Hedera Consensus Service launched on Mainnet in February 2020.\n\nIBM\'s foray into Blockchain\n\nFrom Bryan Gross\' [presentation](https://youtu.be/84bmHRO5OqE?t=2161) on the Hedera Consensus Service:\n\n>IBM blockchain started in mid 2015 when clients really began asking us our opinion on blockchain and whether or not they should get involved in it. So, we did some exploratory work and got really excited about it but unfortunately we were not able to find a distributed ledger technology that was compatible with the requirements of business - things like privacy and confidentiality, and that led us to start prototyping something that became known as the Open Blockchain and we donated the code development resource and intellectual property to the Linux Foundation, and this ultimately became the Hyperledger project in early 2016. This early adoption and insight into blockchain by IBM has helped us become the recognized leader in blockchain for business.\n\nDon Thibeau, who was on Offering Manager at IBM Blockchain prior to joining Hedera in August 2018, mentions the following in a [podcast](https://www.lowenstein.com/media/11833/e006-immutable-holdings-the-preeminent-blockchain-conglomerate.pdf) from November 2022:\n\n>At IBM, my primary focus was an open-source project called Hyperledger Fabric, which helped to build permissioned networks for those different use cases, and of course, the IBM blockchain platform, which helped to make that available as a service. \n> \n>When I joined Hedera, we made that pitch back to IBM and said, "Look at Hedera as a platform for enabling your access to public networks, while still delivering an enterprise scale of technology." And that\'s one that I think IBM has greatly benefited from in the years since they joined as a council member.\n\n\n\nIBM joins the Hedera Governing Council\n\nAt the time of joining the council, IBM said it is most interested in how the public network interacts with private networks. As per Bryan Gross from IBM (for some background, Bryan co-authored the HCS whitepaper, served as the IBM representative on the Hedera GC from IBM\'s joining until June 2020 when he quit IBM. He subsequently also served as an advisor to Hedera Hashgraph from June 2020 to Feb 2021),\n\n>The most exciting part is the proposed Hedera Consensus Service. It has the potential to provide the core innovation of proof-of-work blockchains, like bitcoin and ethereum, without the performance and privacy trade-offs that are typically associated with these networks. \n> \n>Since the Hedera Hashgraph is designed to unify public and private networks, IBM will use it to build trust in custom Hyperledger Fabric networks.\n\nHedera Consensus Service makes it possible for Hyperledger projects out there to use the service to put transactions in order and eliminate the need for them to stand up nodes for transaction ordering, and they get the trust model of a public network,” Harmon said. \\[[Source](https://finance.yahoo.com/news/ibm-tata-become-first-big-120057268.html)\\]\n\nFrom Hedera’s [press release](https://hedera.com/blog/ibm-and-tata-communications-join-hedera-governing-council) announcing IBM\'s entry into the council, Jerry Cuomo, Vice President of Blockchain Technologies at IBM, said:\n\n>We are excited to join the Hedera Governing Council and explore relationships between public networks and industry-specific networks. Hyperledger has proven to be the de facto standard enterprises use to build, manage, and deploy blockchain-based ledgers. We believe Hedera could help provide an interesting way to enhance and simplify the deployment of Hyperledger Fabric in the enterprise, making it easier for groups to build and grow their networks.\n\nAs a sidenote, all 9 of IBM’s representative to the Hedera Governing Council have been top executives within the IBM Blockchain Platform, clearly indicating the level of IBM\'s involvement into Hedera:\n\n* Bryan Gross, Principal Product Manager at IBM Blockchain\n* Jules Miller, Partner, IBM Blockchain Ventures\n* Gari Singh, CTO IBM Blockchain\n* Andy Carelli, Director, Blockchain Platform\n* Porter Stowell, Head of Product Management at IBM Blockchain\n* Anthony Day, Consulting Partner at IBM Blockchain\n* Paul Tippett, Head of Operations, IBM Blockchain\n* Bhargav Perepa, Blockchain Technical Advisor/ Specialist\n* Shyam Nagarajan, Executive Partner, Blockchain and Web 3.0\n\nWhat is Hedera Consensus Service?\n\nWhile we discuss IBM’s role and use of Hedera, it is critical to understand the Hedera Consensus Service, which, as can be seen above, has always been the focal point of IBM’s involvement.\n\nHedera Consensus Service (HCS) is a purpose-built tool for creating decentralized, auditable logs of immutable and timestamped events for web2 and web3 applications. Messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. HCS is used by applications in production to track provenance across supply chains, log asset transfers between blockchain networks, count votes in a DAO, monitor IoT devices, and more.\n\nHedera is the first public distributed ledger that allows developers to build their own application networks (appnet), a set of computers which enable privacy but utilize the trust of Hedera’s public ledger as their consensus engine. This service takes full advantage of hashgraph’s high-throughput for speed and asynchronous Byzantine fault tolerance for security. Hedera Consensus Service can be used standalone or as a decentralized ordering service with other ledgers, such as Hyperledger Fabric, Corda, or Ethereum.\n\nIBM formalizes the HCS Model\n\nFrom Hedera\'s blog [piece](https://hedera.com/blog/ibm-blockchain-platform-tech-preview-with-hedera-consensus-service) announcing the IBM Blockchain Platform Tech Preview -\n\n>A leader in permissioned networks, original co-author of the Hedera Consensus Service whitepaper, and current Hedera Governing Council member, IBM, wants to formalize this model. To do so, they\'ve announced the IBM Blockchain Tech Preview with Hedera Consensus Service.\n\nFrom the Tech Preview, IBM mentions the following:\n\n>The importance of the ecosystem is what led us to join the Hedera Governing Council for Hedera Hashgraph back in 2019. Since we began our relationship with Hedera, they have done nothing but deliver valuable innovations that support and enhance capabilities within the enterprise blockchain space.\n\nWith Hedera Consensus Service, Hedera provides an immutable, decentralized, and ordered log of every transaction. Enterprises, regulators, and end-users can be more comfortable about their privacy, while still enabling the decentralized trust required for their application. IBM Blockchain Platform and Hedera are blending the world of private and public ledgers. From Leemon\'s video introducing HCS, co-presented by Bryan Gross from IBM, Leemon mentions that using Hyperledger Fabric with Hedera\'s Consensus Service allows you to have the privacy of a Hyperledger private network, and the trust of the Hedera Network.\n\nThis hybrid architecture takes advantage of a more decentralized network while still preserving the privacy of its participants and their transactions.\n\nThe Tech Preview was an overview explaining how two separate offerings 1) the IBM Blockchain Platform and 2) the Hedera Consensus Service can work together at the application layer to support a Private Blockchain Network based on Hyperledger Fabric with decentralized ordering provided by the Hedera Consensus Service plug-in. Ultimately, the Tech Preview is a blockchain use case with enhanced auditability and public trust - putting to use the decentralized and verifiable events of Hedera Hashgraph while preserving transaction privacy within IBM Blockchain Platform. \\[[Source](https://epwt-www.mybluemix.net/software/support/trial/cst/programwebsite.wss?siteId=1288&tabId=3455&p=&h=null)\\]\n\nhttps://preview.redd.it/0rc2umaivd3b1.png?width=975&format=png&auto=webp&v=enabled&s=1a0d20358b53ca0aa62bf7dc07c65ef418f0a858\n\nWhy does IBM Blockchain Platform need the Hedera Consensus Service?\n\nFrom Bryan Gross’ presentation on Introduction to Hedera Consensus Service:\n\nIBM blockchain platform is powered by hyperledger fabric, but Hyperledger fabric is a framework or a toolkit but it\'s not a running network like Hedera.. and so in order to get value from a Hyperledger fabric Network, a network operator must deploy nodes start or join a network and install and substantiate chain code. In this process, the network operator relies on three fabric components because fabric is really built in this modular way where you can swap in and out these different components to meet your use case.\n\n1. The first component is a certificate authority that identifies organizations that participate in the network.\n2. The second component is a peer which can represent your organization on the network, this peer can endorse transactions and run the network but\n3. The third service which is the one that\'s most interesting today is the ordering service and this service is the one that determines the fair order of transactions. The ordering service can take some more time to understand as it adds some complexity in deploying with challenges such as who\'s going to run the ordering service, how many nodes will be needed to operate efficiently, which consensus algorithms will back the order of transaction processing, etc. There are real performance and cost implications to these decisions and as a result, Hyperledger Fabric currently has three options for ordering:\n\n* Solo - Easy to set up, high speed and cost-friendly. Not crash-tolerant.\n* Kafka - Crash Tolerant, but not BFT, needs additional dependencies.\n* Raft - Crash Fault Tolerant, but not BFT. No additional dependencies needed. Raft follows a “leader and follower” model, where a leader node is elected (per channel) and its decisions are replicated by the followers.\n\nToday, we are enabling yet another option through this partnership with Hedera, where network operators can access fair message ordering by 39 major companies without going through the effort and expense of deploying five RAF nodes or forming a consortium of running their own nodes is potentially something of value.\n\nHyperledger Fabric Interoperability\n\nThe Hedera Consensus Service proof-of-concept use case is providing custom Hyperledger Fabric networks with decentralized consensus on the validity and order of blockchain transactions without the need to configure a RAFT or Kafka ordering service.\n\nThe Hedera Consensus Service will make a global, fault tolerant, and cost-effective ordering service available to any Hyperledger Fabric network built today. The Hedera Consensus Service provides any Fabric network the ability to order transactions with high throughput using a global network of nodes that do not need to be operated or individually trusted by the members of the Fabric network. This will reduce operational cost of Fabric-based solutions, improve resiliency to data center outages, and alleviate the need to determine who operates private Fabric ordering services per network. The Hedera Consensus Service reduces the cost of operating private networks, enables both privacy and scalability, and improves the trust model over both private ledgers and centralized servers.\n\nTL;DR/ Conclusion\n\nBased on all the above, IBM seems to be fully invested in the Hedera ecosystem, more so with the Hedera Consensus Service which forms a key offering in its Blockchain Platform. Hedera\'s role in these architectures by IBM is simple. With Hedera Consensus Service, Hedera is providing an immutable, decentralized, and ordered log of every transaction. Enterprises, regulators, and end-users can be more comfortable about their privacy, while still enabling the decentralized trust required for their application. IBM Blockchain Platform and Hedera are blending the world of private and public ledgers.', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/', '13xe2ia', [['u/oak1337', 35, '2023-06-01 13:29', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/jmgodu8/', "Bro you're on another level. Very nice. 👍👍", '13xe2ia'], ['u/where-ya-headed', 11, '2023-06-01 13:48', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/jmgqclu/', 'Well this seems very bullish. Let’s hope more partnerships like this occur.', '13xe2ia'], ['u/Ricola63', 15, '2023-06-01 15:06', 'https://www.reddit.com/r/Hedera/comments/13xe2ia/deep_dive_ibm_and_hedera/jmgzjis/', 'Nice bit of work there.... Good summary of things from an IBM Perspective.\n\nHere is my thinking. Hyperledger is a widely used private Blockchain platform, competing primarily with R3 Corda. R3 Corda having won more of the financial market, Hyperledger winning on a more \\`general industry\\` basis. (Broad thinking this but I don\\`t think especially controversial.)\n\nMy understanding is that Hedera have similar strong integration links to both Hyperledger and Corda..... Those links have been existing for some two/three years.\n\nThe strength of the Hedera/IBM Relationship is obvious. At a senior level IBM have engaged with Hedera.... They must, one would imagine, have exposed the power of this Public / Private combination to numerous users of Hyperledger.... Surely? So why then, after this prolonged period, with all the numerous installations of Hyperledger across multiple industries, is noone, that we no of, taking advantage of this (on the face of it) unique and compelling business proposition? I could ask the same question about Corda, but there is no Corda equivalent to \\`IBM\\` on the Hedera council, so I assume that side of things will be naturally slower to take off.\n\nI mean, the integration is done/tested/proven.... The utility of Hedera is done/tested/proven.... What is the problem? Why are we not seeing, at least the start, of businesses taking advantage of this proposition? Is it still too early? Is Hedera still too immature? OR is the proposition identified by IBM and others somehow flawed? If so, how?\n\nIf I look across the space I see some private markets, like IBM/ Maersk Tradelens, failing. I can only assume they looked hard at what Hedera offered and concluded that it would not address their core problems, which (for those that haven\\`t followed it closely) were stated to be around the challenge of gaining the engagement of multiple parties across the supply chain in a single market.\n\nAt this point I pause, because I have seen this before, many times. Technology is but one major aspect of a successful network. Politics is another. And politics nearly always trumps T... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell Friday morning in Asia, trading below support at US$27,000 in a lackluster start to June after posting its first monthly loss of the year in May. Ether fell back below US$1,900 and most other top 10 non-stablecoin cryptocurrencies traded flat to lower. Cardano led the losers, while Litecoin found buying support as the token’s third halving event draws near. U.S. equity futures rose following gains in regular trading Thursday after the debt ceiling bill passed the House of Representatives and now goes to the Senate. Manufacturing data showed an easing in the pace of inflation, tempering concerns about more interest rate hikes ahead. On the down side,analysts expectthe U.S. to issue as much as US$1 trillion in treasury bills this year to replenish its cash, which could suck liquidity from risk assets such as cryptocurrencies.\nBitcoin fell 1.17% over the last 24 hours to US$26,878 at 07:10 a.m. in Hong Kong, but held onto a weekly gain of 1.53%, according todatafrom CoinMarketCap. The leading cryptocurrency dropped around 7% in May, but is still up 62% for the year so far.\nEther inched down 0.19% to trade at US$1,866, with a weekly gain of 3.20%.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, while Litecoin bucked that trend to gain 5.11% to US$94.41, up 9.98% for the week. The token’sthird halving eventis set for Aug. 2, which would reduce supply of the token.\nLitecoin’s on-chain activities picked up in May, according to blockchain data trackerIntoTheBlockon Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March.\nCardano’s ADA led the losers in the top 10 non-stablecoin tokens, falling 2.35% to US$0.3659, but still managing a weekly gain of 2.03%.\nWhile crypto prices head lower, Rachel Lin, co-founder & CEO of crypto derivatives exchange Synfutures, still sees optimism for the industry in some other recent developments.\n“Positive developments in the crypto ecosystem this week include Celsius’sprogresswith its bankruptcy and restructuring plan under Fahrenheit Holdings,” she said. “If successful, it could demonstrate the crypto industry’s resilience in addressing its failures.”\nMeantime, the market cap of Tether’s USDT stablecoin hit an all-time high of US$83.60 billion early Friday morning in Asia, up more than 26% from the start of the year.\n“(USDT’s rise was) undoubtedly linked to the banking woes in the US and thedemise of BUSDfrom Binance; seems like investors are putting their faith – and money – with Tether, so far,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock.\nThe total market cap of cryptocurrencies dropped 0.64% in the past 24 hours to US$1.13 trillion, while the 24-hour market volume fell 7.79% to US$30.28 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 0.72% to 3,373.23 in the 24 hours to 08:30 a.m. in Hong Kong, but added 0.65% for the week.\nNFT sales on Ethereum rose 17.61% in the past 24 hours to US$26.51 million, led by strong sales in Bored Ape Yacht Club (BAYC) and Azuki, according toCryptoSlamdata. Sales on the Bitcoin network fell 38.99%% to US$2.58 million.\nBAYC had the biggest sales in the 24 hours of US$5.15 million, accounting for almost 20% of sales on the Ethereum blockchain.\nFF6000, an Ethereum NFT collection launched by pseudonymous memecoin creatorBen.ethon Thursday night, stormed the market with sales totaling US$2.19 million and over 10,000 transactions, ranking third in terms of 24-hour sales.\nThe month of May saw over 8.91 million total NFT transactions and more than 819,000 unique sellers, the largest since February 2022, according toCryptoSlamdata.\nElsewhere, Nike Virtual Studios, the Web 3.0 arm of the U.S. footwear giant Nike Inc.,announceda partnership with sports video game publisher EA Sports on Thursday, which would bring Nike’s NFTs into video games. SWOOSH, Nike’s NFT platform, launched its first NFT sneaker collection Our Force 1 on May 24, which has seen sales of 97,627, according to data fromPolygonscan.\n“(The partnership between Nike and EA) is huge for mass adoption, and combined with stories likeReddit’s10 million strong user base and the recent high transaction volume, we’re starting to see a new NFT space emerge,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures rose as of 11:45 a.m. in Hong Kong. Dow Jones Industrial Average futures and S&P 500 futures both gained 0.21%, while Nasdaq futures added 0.28%.\nThe three major U.S. stock indexes rose on Thursday after the House of Representativespassedthe debt ceiling deal 314-to-117 on Wednesday evening. The bill now goes to the Senate for voting to avert a debt default.\nOn the inflation front, the U.S. manufacturing purchasing managers’ index (PMI) fell to 46.9 in May from 47.1 in April, according to theInstitute for Supply Managementon Thursday. A PMI below 50 indicates a contraction in the economy, and is the seventh consecutive month of decline, which has been seen as an indicator for a recession in the U.S.\nThe Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolnow predicts a 76% chance the Fed will keep rates unchanged in June, and a 24% chance for another 25-basis-point rate hike, down from 37.8% on Thursday.\n“I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner,”saidPatrick Harker, President of the Federal Reserve Bank of Philadelphia, on Thursday.\nMeanwhile in China, theCaixin Manufacturing PMIregistered 50.9 in May, rising from 49.5 in April. The figure points to a moderate growth in China’s manufacturing activity, while the country’s economic recovery remains patchy, according to Chinese news mediaCaixinon Thursday.\n(Updates with equities section.)', 'Bitcoin fell Friday morning in Asia, trading below support at US$27,000 in a lackluster start to June after posting its first monthly loss of the year in May. Ether fell back below US$1,900 and most other top 10 non-stablecoin cryptocurrencies traded flat to lower. Cardano led the losers, while Litecoin found buying support as the token’s third halving event draws near. U.S. equity futures rose following gains in regular trading Thursday after the debt ceiling bill passed the House of Representatives and now goes to the Senate. Manufacturing data showed an easing in the pace of inflation, tempering concerns about more interest rate hikes ahead. On the down side,analysts expectthe U.S. to issue as much as US$1 trillion in treasury bills this year to replenish its cash, which could suck liquidity from risk assets such as cryptocurrencies.\nBitcoin fell 1.17% over the last 24 hours to US$26,878 at 07:10 a.m. in Hong Kong, but held onto a weekly gain of 1.53%, according todatafrom CoinMarketCap. The leading cryptocurrency dropped around 7% in May, but is still up 62% for the year so far.\nEther inched down 0.19% to trade at US$1,866, with a weekly gain of 3.20%.\nMost other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, while Litecoin bucked that trend to gain 5.11% to US$94.41, up 9.98% for the week. The token’sthird halving eventis set for Aug. 2, which would reduce supply of the token.\nLitecoin’s on-chain activities picked up in May, according to blockchain data trackerIntoTheBlockon Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March.\nCardano’s ADA led the losers in the top 10 non-stablecoin tokens, falling 2.35% to US$0.3659, but still managing a weekly gain of 2.03%.\nWhile crypto prices head lower, Rachel Lin, co-founder & CEO of crypto derivatives exchange Synfutures, still sees optimism for the industry in some other recent developments.\n“Positive developments in the crypto ecosystem this week include Celsius’sprogresswith its bankruptcy and restructuring plan under Fahrenheit Holdings,” she said. “If successful, it could demonstrate the crypto industry’s resilience in addressing its failures.”\nMeantime, the market cap of Tether’s USDT stablecoin hit an all-time high of US$83.60 billion early Friday morning in Asia, up more than 26% from the start of the year.\n“(USDT’s rise was) undoubtedly linked to the banking woes in the US and thedemise of BUSDfrom Binance; seems like investors are putting their faith – and money – with Tether, so far,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock.\nThe total market cap of cryptocurrencies dropped 0.64% in the past 24 hours to US$1.13 trillion, while the 24-hour market volume fell 7.79% to US$30.28 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 0.72% to 3,373.23 in the 24 hours to 08:30 a.m. in Hong Kong, but added 0.65% for the week.\nNFT sales on Ethereum rose 17.61% in the past 24 hours to US$26.51 million, led by strong sales in Bored Ape Yacht Club (BAYC) and Azuki, according toCryptoSlamdata. Sales on the Bitcoin network fell 38.99%% to US$2.58 million.\nBAYC had the biggest sales in the 24 hours of US$5.15 million, accounting for almost 20% of sales on the Ethereum blockchain.\nFF6000, an Ethereum NFT collection launched by pseudonymous memecoin creatorBen.ethon Thursday night, stormed the market with sales totaling US$2.19 million and over 10,000 transactions, ranking third in terms of 24-hour sales.\nThe month of May saw over 8.91 million total NFT transactions and more than 819,000 unique sellers, the largest since February 2022, according toCryptoSlamdata.\nElsewhere, Nike Virtual Studios, the Web 3.0 arm of the U.S. footwear giant Nike Inc.,announceda partnership with sports video game publisher EA Sports on Thursday, which would bring Nike’s NFTs into video games. SWOOSH, Nike’s NFT platform, launched its first NFT sneaker collection Our Force 1 on May 24, which has seen sales of 97,627, according to data fromPolygonscan.\n“(The partnership between Nike and EA) is huge for mass adoption, and combined with stories likeReddit’s10 million strong user base and the recent high transaction volume, we’re starting to see a new NFT space emerge,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nU.S. stock futures rose as of 11:45 a.m. in Hong Kong. Dow Jones Industrial Average futures and S&P 500 futures both gained 0.21%, while Nasdaq futures added 0.28%.\nThe three major U.S. stock indexes rose on Thursday after the House of Representativespassedthe debt ceiling deal 314-to-117 on Wednesday evening. The bill now goes to the Senate for voting to avert a debt default.\nOn the inflation front, the U.S. manufacturing purchasing managers’ index (PMI) fell to 46.9 in May from 47.1 in April, according to theInstitute for Supply Managementon Thursday. A PMI below 50 indicates a contraction in the economy, and is the seventh consecutive month of decline, which has been seen as an indicator for a recession in the U.S.\nThe Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolnow predicts a 76% chance the Fed will keep rates unchanged in June, and a 24% chance for another 25-basis-point rate hike, down from 37.8% on Thursday.\n“I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner,”saidPatrick Harker, President of the Federal Reserve Bank of Philadelphia, on Thursday.\nMeanwhile in China, theCaixin Manufacturing PMIregistered 50.9 in May, rising from 49.5 in April. The figure points to a moderate growth in China’s manufacturing activity, while the country’s economic recovery remains patchy, according to Chinese news mediaCaixinon Thursday.\n(Updates with equities section.)', 'Bitcoin fell Friday morning in Asia, trading below support at US$27,000 in a lackluster start to June after posting its first monthly loss of the year in May. Ether fell back below US$1,900 and most other top 10 non-stablecoin cryptocurrencies traded flat to lower. Cardano led the losers, while Litecoin found buying support as the token\x92s third halving event draws near. U.S. equity futures rose following gains in regular trading Thursday after the debt ceiling bill passed the House of Representatives and now goes to the Senate. Manufacturing data showed an easing in the pace of inflation, tempering concerns about more interest rate hikes ahead. On the down side, analysts expect the U.S. to issue as much as US$1 trillion in treasury bills this year to replenish its cash, which could suck liquidity from risk assets such as cryptocurrencies. Crypto Bitcoin fell 1.17% over the last 24 hours to US$26,878 at 07:10 a.m. in Hong Kong, but held onto a weekly gain of 1.53%, according to data from CoinMarketCap. The leading cryptocurrency dropped around 7% in May, but is still up 62% for the year so far. Ether inched down 0.19% to trade at US$1,866, with a weekly gain of 3.20%. Most other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, while Litecoin bucked that trend to gain 5.11% to US$94.41, up 9.98% for the week. The token\x92s third halving event is set for Aug. 2, which would reduce supply of the token. Litecoin\x92s on-chain activities picked up in May, according to blockchain data tracker IntoTheBlock on Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March. Cardano\x92s ADA led the losers in the top 10 non-stablecoin tokens, falling 2.35% to US$0.3659, but still managing a weekly gain of 2.03%. While crypto prices head lower, Rachel Lin, co-founder & CEO of crypto derivatives exchange Synfutures, still sees optimism for the industry in some other recent developments. Story continues \x93Positive developments in the crypto ecosystem this week include Celsius\x92s progress with its bankruptcy and restructuring plan under Fahrenheit Holdings,\x94 she said. \x93If successful, it could demonstrate the crypto industry\x92s resilience in addressing its failures.\x94 Meantime, the market cap of Tether\x92s USDT stablecoin hit an all-time high of US$83.60 billion early Friday morning in Asia, up more than 26% from the start of the year. \x93(USDT\x92s rise was) undoubtedly linked to the banking woes in the US and the demise of BUSD from Binance; seems like investors are putting their faith \x96 and money \x96 with Tether, so far,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock . The total market cap of cryptocurrencies dropped 0.64% in the past 24 hours to US$1.13 trillion, while the 24-hour market volume fell 7.79% to US$30.28 billion. Nike, EA Sports partner in NFTs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.72% to 3,373.23 in the 24 hours to 08:30 a.m. in Hong Kong, but added 0.65% for the week. NFT sales on Ethereum rose 17.61% in the past 24 hours to US$26.51 million, led by strong sales in Bored Ape Yacht Club (BAYC) and Azuki, according to CryptoSlam data. Sales on the Bitcoin network fell 38.99%% to US$2.58 million. BAYC had the biggest sales in the 24 hours of US$5.15 million, accounting for almost 20% of sales on the Ethereum blockchain. FF6000 , an Ethereum NFT collection launched by pseudonymous memecoin creator Ben.eth on Thursday night, stormed the market with sales totaling US$2.19 million and over 10,000 transactions, ranking third in terms of 24-hour sales. The month of May saw over 8.91 million total NFT transactions and more than 819,000 unique sellers, the largest since February 2022, according to CryptoSlam data. Elsewhere, Nike Virtual Studios, the Web 3.0 arm of the U.S. footwear giant Nike Inc., announced a partnership with sports video game publisher EA Sports on Thursday, which would bring Nike\x92s NFTs into video games. SWOOSH, Nike\x92s NFT platform, launched its first NFT sneaker collection Our Force 1 on May 24, which has seen sales of 97,627, according to data from Polygonscan . \x93(The partnership between Nike and EA) is huge for mass adoption, and combined with stories like Reddit\x92s 10 million strong user base and the recent high transaction volume, we\x92re starting to see a new NFT space emerge,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. U.S. futures rise on debt ceiling deal Image: Envato Elements U.S. stock futures rose as of 11:45 a.m. in Hong Kong. Dow Jones Industrial Average futures and S&P 500 futures both gained 0.21%, while Nasdaq futures added 0.28%. The three major U.S. stock indexes rose on Thursday after the House of Representatives passed the debt ceiling deal 314-to-117 on Wednesday evening. The bill now goes to the Senate for voting to avert a debt default. On the inflation front, the U.S. manufacturing purchasing managers\x92 index (PMI) fell to 46.9 in May from 47.1 in April, according to the Institute for Supply Management on Thursday. A PMI below 50 indicates a contraction in the economy, and is the seventh consecutive month of decline, which has been seen as an indicator for a recession in the U.S. The Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool now predicts a 76% chance the Fed will keep rates unchanged in June, and a 24% chance for another 25-basis-point rate hike, down from 37.8% on Thursday. \x93I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner,\x94 said Patrick Harker, President of the Federal Reserve Bank of Philadelphia, on Thursday. Meanwhile in China, the Caixin Manufacturing PMI registered 50.9 in May, rising from 49.5 in April. The figure points to a moderate growth in China\x92s manufacturing activity, while the country\x92s economic recovery remains patchy, according to Chinese news media Caixin on Thursday. (Updates with equities section.)', 'A deeper scan of the markets will often reward investors with undervalued sleeper stocks to buy. These are the very stocks that\xa0are fundamentally sound and have an attractive business model. And yet, many of these stocks have still not caught the eye of investors. Eventually, they will. \xa0And I believe that some of the top sleeper stocks will be poised for multi-bagger returns. I also believe these ignored stocks have a clear valuation gap. That being said, let’s jump into seven of the undervalued sleeper stocks to buy today. Undervalued Sleeper Stocks to Buy: Scorpio Tankers (STNG) A person draws a stock chart on a chalkboard. Source: Zurijeta / Shutterstock.com Scorpio Tankers (NYSE: STNG ) is one of the top undervalued sleeper stocks to buy. At the moment, it trades at a forward price-earnings ratio of 4.3, with an attractive yield of 2.12%. As an overview, Scorpio is a leading provider of product tankers for refined petroleum products. The company has one of the largest product fleets in the world with 113 eco-vessels that have an average age of 7.2 years. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In addition, in its third quarter, Scorpio reported revenue of $384.4 million, which was higher by 121% on a year-on-year basis . Further, operating income was $231 million as compared to the prior year period operating losses. With healthy day rates, Scorpio is a cash flow machine. Given the robust numbers, the company increased its quarterly dividend by 25% to 25 cents. Also, with strong cash flows, the company has deleveraged and boosted its cash buffer. It’s worth noting that for every $10,000 increase in day rate, the company anticipates an increase of $412 million in cash flows. With a strong tanker market, the outlook is promising. MINISO Group (MNSO) hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks Source: shutterstock.com/CC7 MINISO Group (NYSE: MNSO ) is a Chinese company that engages in the retail and wholesale of lifestyle products. MNSO stock has witnessed a significant rally in the last 12 months. However, it remains under the radar of investors, even with an attractive forward price-earnings ratio of 19.7. Story continues In my view, there are two major reasons to like this stock. For one, the company reported 5,440 stores as of Q2 2023. Of this, 2,115 stores were outside China . The company has also expanded into Asia, Latin America, Europe, and the Middle East. Last year, new store openings were 395. With aggressive new store openings globally, the outlook for revenue growth is robust. Further, the company’s gross margin for Q2 2023 was 40%. On a year-on-year basis, the gross margin expanded by 890 basis points. Newly launched products and cost savings contributed to gross margin expansion. With operating leverage, I expect margin expansion to sustain. Amdocs (DOX) tree growing on coin of stacking with green bokeh background; growth stocks Source: Freedom365day / Shutterstock.com Amdocs (NASDAQ: DOX ) is another one of the top undervalued sleeper stocks to buy for multi-bagger returns. With a forward price-earnings ratio of 16, the 1.8% dividend yield stock can deliver multi-bagger returns in the next few years. There are two major reasons to like DOCS. First, the company is a provider of software services and solutions to the telecommunications and media industry globally. By 2025, the company expects the total serviceable market to be $57 billion . Therefore, there is huge potential for growth acceleration. In addition, Amdocs’ business is a cash flow machine. Last year, the company reported free cash flow in excess of $600 million. For the current year, FCF is expected to be $700 million. Given the industry outlook, FCF will be in excess of $1 billion in the next 24 months.\xa0With strong financial flexibility, Amdocs will be positioned for aggressive organic and inorganic growth. Recently, the company acquired the service assurance business of TEOCO for a consideration of $90 million in cash. Leonardo DRS (DRS) Stocks to buy: smartphone with the words "buy" and "sell" displayed on the screen. The user\'s finger is about to press buy. Stock charts are in the background of the image. Source: Chompoo Suriyo / Shutterstock.com Leonardo DRS (NASDAQ: DRS ) is another top sleeper stock poised for growth. The emerging player in the defense sector looks undervalued even after a rally of 25% for year-to-date 2023.\xa0As an overview, the company’s focus areas include advanced sensing, network computing, force protection, and electric power & propulsion. Last year, the company reported revenue and EBITDA of $2.75 billion and $323 million respectively. In addition, an order backlog of $4.3 billion provides clear revenue visibility. Further, with a net-leverage ratio of 1.5, the company has ample financial flexibility for organic and acquisition-driven growth. Also,\xa0Leonardo won the 2023 Herschel Award for its role in the development of advanced infrared detectors . Innovation is the key factor that’s likely to drive business scalability in the coming years. Ardmore Shipping (ASC) a green button on a keyboard has an arrow pointing upward with the word "Buy". representing safe stocks to buy Source: AdityaB. Photography/ShutterStock.com Ardmore Shipping (NYSE: ASC ) stock is another undervalued name flying under the radar. To put things into perspective, the 6.72% dividend yield stock trades at a forward price-earnings ratio of 3.8. I would not be surprised if ASC stock doubles in the next 12 months. The company is involved in the seaborne transportation of petroleum products and chemicals globally. A key reason to be bullish is positive industry tailwinds. The company’s MR tankers earned $37,500 per day in Q1 2023 . With cash breakeven at $14,500 per day, the EBITDA margin was robust. Even for Q2 2023 (to date), the time charter rate has been strong at $34,000. Even beyond Q2, time charter rates are likely to remain strong. One reason is European Union refined product embargo. This has resulted in route inefficiencies and higher tonne-miles. Overall, Ardmore has a strong balance sheet and liquidity buffer. With cash flow visibility, there is headroom for sustained dividends, deleveraging, and fleet expansion. Aker BP ASA (AKRBF) A businessman ripping his shirt off to reveal an upward green arrow with the word buy on it underneath Source: ImageFlow/Shutterstock.com An undervalued sleeper stock that deserves attention is Aker BP ASA (OTCMKTS: AKRBF ). With a price-earnings ratio of 9.9, the stock also offers a dividend yield of 9.6%. In addition,\xa0Aker BP is a value creator, with high-quality oil assets with a low break-even point. To put things into perspective, Aker reported revenue of $3.3 billion for Q1 2023. For the same period, EBITDA was $2.9 billion. This has translated into operating cash flow after tax of $1.7 billion.\xa0Even with oil trading around $70 to $80, the company is positioned to deliver annualized OCF of $7 billion. This provides ample headroom for dividend growth and aggressive investment in exploration activity. Bitfarms (BITF) Let’s also talk briefly about the penny stock Bitfarms (NASDAQ: BITF ). Thanks to a brutal crypto winter, investors have stayed away from miners, like BITF. \xa0However, with the price of Bitcoin ( BTC-USD ) expected to come back strong, it could eventually boost the BITF stock. In fact, I believe BITF could\xa0deliver 5x or 10x returns if Bitcoin trades near all-time highs in the next 12 to 24 months. One reason to like Bitfarms is the fact that the company is a low-cost Bitcoin miner. For Q1 2023, the company reported revenue and EBITDA of $30.1 million and $6.3 million respectively. I expect EBITDA margin expansion to sustain.\xa0Another reason to like the company is its aggressive mining capacity expansion. As of April, Bitfarms reported a capacity of 5EH/s . On a year-on-year basis, capacity expanded by 52%. With a deleveraged balance sheet, Bitfarms is positioned for further growth. STNG Scorpio Tankers $47.05 MNSO MINISO Group $15.94 DOX Amdocs $94.53 DRS Leonardo DRS. $15.33 ASC Ardmore Shipping $11.88 AKRBF Aker BP ASA $21.90 BITF Bitfarms $1.21 On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Sleeper Stocks to Buy Before Investors Wake Up appeared first on InvestorPlace .', 'A deeper scan of the markets will often reward investors with undervalued sleeper stocks to buy. These are the very stocks that\xa0are fundamentally sound and have an attractive business model. And yet, many of these stocks have still not caught the eye of investors. Eventually, they will. \xa0And I believe that some of the top sleeper stocks will be poised for multi-bagger returns. I also believe these ignored stocks have a clear valuation gap. That being said, let’s jump into seven of the undervalued sleeper stocks to buy today.\nSource: Zurijeta / Shutterstock.com\nScorpio Tankers(NYSE:STNG) is one of the top undervalued sleeper stocks to buy. At the moment, it trades at a forward price-earnings ratio of 4.3, with an attractive yield of 2.12%. As an overview, Scorpio is a leading provider of product tankers for refined petroleum products. The company has one of the largest product fleets in the world with 113 eco-vessels that have an average age of 7.2 years.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIn addition, in its third quarter, Scorpio reported revenue of $384.4 million, which washigher by 121% on a year-on-year basis. Further, operating income was $231 million as compared to the prior year period operating losses. With healthy day rates, Scorpio is a cash flow machine. Given the robust numbers, the company increased its quarterly dividend by 25% to 25 cents.\nAlso, with strong cash flows, the company has deleveraged and boosted its cash buffer. It’s worth noting thatfor every $10,000 increase inday rate, the company anticipates an increase of $412 million in cash flows. With a strong tanker market, the outlook is promising.\nSource: shutterstock.com/CC7\nMINISO Group(NYSE:MNSO) is a Chinese company that engages in the retail and wholesale of lifestyle products. MNSO stock has witnessed a significant rally in the last 12 months. However, it remains under the radar of investors, even with an attractive forward price-earnings ratio of 19.7.\nIn my view, there are two major reasons to like this stock. For one, the company reported 5,440 stores as of Q2 2023. Of this,2,115 stores were outside China. The company has also expanded into Asia, Latin America, Europe, and the Middle East. Last year, new store openings were 395. With aggressive new store openings globally, the outlook for revenue growth is robust.\nFurther, the company’sgross margin for Q2 2023was 40%. On a year-on-year basis, the gross margin expanded by 890 basis points. Newly launched products and cost savings contributed to gross margin expansion. With operating leverage, I expect margin expansion to sustain.\nSource: Freedom365day / Shutterstock.com\nAmdocs(NASDAQ:DOX) is another one of the top undervalued sleeper stocks to buy for multi-bagger returns. With a forward price-earnings ratio of 16, the 1.8% dividend yield stock can deliver multi-bagger returns in the next few years.\nThere are two major reasons to like DOCS. First, the company is a provider of software services and solutions to the telecommunications and media industry globally. By 2025, the company expects thetotal serviceable market to be $57 billion. Therefore, there is huge potential for growth acceleration.\nIn addition, Amdocs’ business is a cash flow machine. Last year, the company reported free cash flow in excess of $600 million. For the current year, FCF is expected to be $700 million. Given the industry outlook, FCF will be in excess of $1 billion in the next 24 months.\xa0With strong financial flexibility, Amdocs will be positioned for aggressive organic and inorganic growth. Recently, the companyacquired the service assurance businessofTEOCOfor a consideration of $90 million in cash.\nSource: Chompoo Suriyo / Shutterstock.com\nLeonardo DRS(NASDAQ:DRS) is another top sleeper stock poised for growth. The emerging player in the defense sector looks undervalued even after a rally of 25% for year-to-date 2023.\xa0As an overview, the company’s focus areas include advanced sensing, network computing, force protection, and electric power & propulsion. Last year, the company reported revenue and EBITDA of $2.75 billion and $323 million respectively.\nIn addition, anorder backlog of $4.3 billionprovides clear revenue visibility. Further, with a net-leverage ratio of 1.5, the company has ample financial flexibility for organic and acquisition-driven growth. Also,\xa0Leonardo won the 2023 Herschel Award for its role in thedevelopment of advanced infrared detectors. Innovation is the key factor that’s likely to drive business scalability in the coming years.\nSource: AdityaB. Photography/ShutterStock.com\nArdmore Shipping(NYSE:ASC) stock is another undervalued name flying under the radar. To put things into perspective, the 6.72% dividend yield stock trades at a forward price-earnings ratio of 3.8. I would not be surprised if ASC stock doubles in the next 12 months.\nThe company is involved in the seaborne transportation of petroleum products and chemicals globally. A key reason to be bullish is positive industry tailwinds. The company’s MR tankersearned $37,500 per day in Q1 2023. With cash breakeven at $14,500 per day, the EBITDA margin was robust. Even for Q2 2023 (to date), the time charter rate has been strong at $34,000.\nEven beyond Q2, time charter rates are likely to remain strong. One reason is European Union refined product embargo. This has resulted in route inefficiencies and higher tonne-miles. Overall, Ardmore has a strong balance sheet and liquidity buffer. With cash flow visibility, there is headroom for sustained dividends, deleveraging, and fleet expansion.\nSource: ImageFlow/Shutterstock.com\nAn undervalued sleeper stock that deserves attention isAker BP ASA(OTCMKTS:AKRBF). With a price-earnings ratio of 9.9, the stock also offers a dividend yield of 9.6%. In addition,\xa0Aker BP is a value creator, with high-quality oil assets with a low break-even point. To put things into perspective, Aker reported revenue of $3.3 billion for Q1 2023. For the same period, EBITDA was $2.9 billion. This has translated intooperating cash flow after taxof $1.7 billion.\xa0Even with oil trading around $70 to $80, the company is positioned to deliver annualized OCF of $7 billion. This provides ample headroom for dividend growth and aggressive investment in exploration activity.\nLet’s also talk briefly about the penny stockBitfarms(NASDAQ:BITF). Thanks to a brutal crypto winter, investors have stayed away from miners, like BITF. \xa0However, with the price ofBitcoin(BTC-USD) expected to come back strong, it could eventually boost the BITF stock. In fact, I believe BITF could\xa0deliver 5x or 10x returns if Bitcoin trades near all-time highs in the next 12 to 24 months.\nOne reason to like Bitfarms is the fact that the company is a low-cost Bitcoin miner. For Q1 2023, the company reported revenue and EBITDA of $30.1 million and $6.3 million respectively. I expect EBITDA margin expansion to sustain.\xa0Another reason to like the company is its aggressive mining capacity expansion. As of April, Bitfarmsreported a capacity of 5EH/s. On a year-on-year basis, capacity expanded by 52%. With a deleveraged balance sheet, Bitfarms is positioned for further growth.\n[{"STNG": "MNSO", "Scorpio Tankers": "MINISO Group", "$47.05": "$15.94"}, {"STNG": "DOX", "Scorpio Tankers": "Amdocs", "$47.05": "$94.53"}, {"STNG": "DRS", "Scorpio Tankers": "Leonardo DRS.", "$47.05": "$15.33"}, {"STNG": "ASC", "Scorpio Tankers": "Ardmore Shipping", "$47.05": "$11.88"}, {"STNG": "AKRBF", "Scorpio Tankers": "Aker BP ASA", "$47.05": "$21.90"}, {"STNG": "BITF", "Scorpio Tankers": "Bitfarms", "$47.05": "$1.21"}]\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• Did Elon Musk Just Trigger a New Netscape Moment?\n• The $1 Investment You MUST Take Advantage of Right Now\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe post7 Sleeper Stocks to Buy Before Investors Wake Upappeared first onInvestorPlace.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remained below $27K, but an analyst says that the largest crypto by market value is in an "accumulation phase."\nInsights:BRC-20 tokens reach toward a $500 million market cap, and Glassnode data shows that they continue to be a lucrative source of fees for miners.\nCoinDesk Market Index (CMI)\n1,164\n−13.3▼1.1%\nBitcoin (BTC)\n$26,835\n−317.2▼1.2%\nEthereum (ETH)\n$1,869\n−9.2▼0.5%\nS&P 500\n4,221.02\n+41.2▲1.0%\nGold\n$1,993\n+28.6▲1.5%\nNikkei 225\n31,148.01\n+260.1▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,164", "\\u221213.3\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,835", "\\u2212317.2\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,221.02", "+41.2\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,993", "+28.6\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,148.01", "+260.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Hits an "Accumulation Phase"\nCrypto prices remained lethargic as Asia markets opened Friday.\nBitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, at least short-term. The Senate will likely vote on the bill late Thursday night (ET).\nBut in an email to CoinDesk, Bob Baxley, the CTO of DeFi infrastructure platform Maverick Protocol, wrote that crypto markets may now have to reckon with a U.S. Treasury having to replenish its general account, which has shrunk in recent months. That could sap liquidity otherwise available for digital asset investments.\n“The risk here is that the roughly trillion dollars flowing back into the general account could suck a tremendous amount of liquidity out of the market," Baxley wrote. "Something like this happened in 2019, and the strain placed on the market basically compelled the Federal Reserve to step in and add emergency liquidity to prevent a full-blown crisis. So, in short, just because a deal has been reached doesn’t mean we are out of the woods yet."\nEther, the second largest crypto in market value, was recently trading at about $1860, up 0.6% over the past 24 hours. ETH spent part of Thursday in the green on a day when most assets dithered in negative territory. GRT, the token of the The Graph indexing protocol and popular memecoin SHIB tumbled more than 7% and 4%, respectively. But litecoin continued its recent winning ways to rise more than 3%. LTC has risen 7.5% over the past 30 days as investors eyed its halving two months away and increased trading activity.\nRead More:Litecoin Starts June Strong as Investors Eye August Halving, Uptick in Activity\nIn its opening hour Friday, the Nikkei Index rose about 0.6%. U.S. equities closed largely up, despite ongoing concerns about the inflation and the potential for more hawkish interest rate hikes this year.\nMaverick\'s Baxley wrote optimistically that crypto investors seem "to be a general accumulation phase."\n"The moving averages are pointing to neutral or perhaps a little more bullish, suggesting that we are in the process of building another foundation for another leg upwards," he wrote, noting that markets had already priced in potential U.S. central bank rate hikes, which in the past have shaken prices.\nHe added: "What matters most in this day and age is liquidity. And much of what plays out in the coming weeks likely depends on how carefully the Treasury can carry out its replenishing process. Most investors are taking a rather cautious approach right now as a result, I suspect.”\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+2.2%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+1.6%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22123.3%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22121.7%", "DACS Sector": "Computing"}]\nBRC-20 tokens are pushing toward a market cap of $500 million, and new data from Glassnode shows that they continue to be a lucrative source of fees for miners.\nAccording to on-chain data, inscriptions now account for 25% of all transaction fees and roughly 40% of all transactions on the Bitcoin blockchain.\nWhile inscriptions remain controversial within the broader bitcoin community, for miners they’ve been a boon.\nA miner\'s revenue comprises two elements: block rewards, currently 6.25 BTC ($167,709), and transaction fees that fluctuate based on network demand, with fees traditionally being lower than rewards since 2017.\nData from CryptoQuant shows that the fees-to-reward ratio for bitcoin miners has swung in favor of miners thanks to inscriptions and ordinals.\nThe fees-to-reward ratio is up to 7.22%, compared to an average of around 2-3% earlier this year.\nAs an example of how this is helping miners’ bottom line, over the last three months, bitcoin has risen 16% while Valkeryie’s mining ETF, WGMI,is up a whopping 42%.\nHowever, this might not last forever, as the unexpected surge in miners\' revenue may be short-lived due to high transaction fees driving users toward alternatives like the Lightning Network and stablecoins.\nIt didn’t go unnoticed when Binance had topause withdrawals twice in one day.\n8:30 p.m. HKT/SGT(12:30 UTC)United States Average Hourly Earnings (YoY/May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Nonfarm Payrolls (May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Unemployment Rate (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Starts June Dropping Back Below $27K; State of Crypto in Hong Kong\nBitcoin (BTC) and the broad cryptocurrency market sold off for the second consecutive day on Thursday, with fears over inflation and continued rate hikes resurfacing. Todd Groth, CFA, CoinDesk Indices head of index research, shared his crypto markets analysis. Plus, InvestHK head of financial services and fintech King Leung discussed Hong Kong\'s state of crypto as the country\'s securities regulator begins accepting applications for crypto trading platform licenses. And, Nestcoin co-founder Yele Bademosi shared his reaction to crypto adoption and innovation in Nigeria.\nMakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase:The protocol’s community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.\nNike Is Bringing Its .SWOOSH NFTs to EA Sports Games:The sportswear giant and game publisher Electronic Arts are partnering to build new immersive experiences in the EA Sports gaming ecosystem.\nAs Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens:The actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.\nGameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy:The leading game retailer will distribute Telos-based games on its forthcoming Web3 gaming launchpad, GameStop Playr.\nSui Blockchain Signs Multiyear Deal With Red Bull Racing:Sui will roll out a series of digital experience for racing fans over the coming months.\nBitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M:The company has been busy scooping up assets during the crypto bear market, but discounts may be slimming.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin remained below $27K, but an analyst says that the largest crypto by market value is in an "accumulation phase."\nInsights:BRC-20 tokens reach toward a $500 million market cap, and Glassnode data shows that they continue to be a lucrative source of fees for miners.\nCoinDesk Market Index (CMI)\n1,164\n−13.3▼1.1%\nBitcoin (BTC)\n$26,835\n−317.2▼1.2%\nEthereum (ETH)\n$1,869\n−9.2▼0.5%\nS&P 500\n4,221.02\n+41.2▲1.0%\nGold\n$1,993\n+28.6▲1.5%\nNikkei 225\n31,148.01\n+260.1▲0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,164", "\\u221213.3\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,835", "\\u2212317.2\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,869", "\\u22129.2\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,221.02", "+41.2\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,993", "+28.6\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,148.01", "+260.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Hits an "Accumulation Phase"\nCrypto prices remained lethargic as Asia markets opened Friday.\nBitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, at least short-term. The Senate will likely vote on the bill late Thursday night (ET).\nBut in an email to CoinDesk, Bob Baxley, the CTO of DeFi infrastructure platform Maverick Protocol, wrote that crypto markets may now have to reckon with a U.S. Treasury having to replenish its general account, which has shrunk in recent months. That could sap liquidity otherwise available for digital asset investments.\n“The risk here is that the roughly trillion dollars flowing back into the general account could suck a tremendous amount of liquidity out of the market," Baxley wrote. "Something like this happened in 2019, and the strain placed on the market basically compelled the Federal Reserve to step in and add emergency liquidity to prevent a full-blown crisis. So, in short, just because a deal has been reached doesn’t mean we are out of the woods yet."\nEther, the second largest crypto in market value, was recently trading at about $1860, up 0.6% over the past 24 hours. ETH spent part of Thursday in the green on a day when most assets dithered in negative territory. GRT, the token of the The Graph indexing protocol and popular memecoin SHIB tumbled more than 7% and 4%, respectively. But litecoin continued its recent winning ways to rise more than 3%. LTC has risen 7.5% over the past 30 days as investors eyed its halving two months away and increased trading activity.\nRead More:Litecoin Starts June Strong as Investors Eye August Halving, Uptick in Activity\nIn its opening hour Friday, the Nikkei Index rose about 0.6%. U.S. equities closed largely up, despite ongoing concerns about the inflation and the potential for more hawkish interest rate hikes this year.\nMaverick\'s Baxley wrote optimistically that crypto investors seem "to be a general accumulation phase."\n"The moving averages are pointing to neutral or perhaps a little more bullish, suggesting that we are in the process of building another foundation for another leg upwards," he wrote, noting that markets had already priced in potential U.S. central bank rate hikes, which in the past have shaken prices.\nHe added: "What matters most in this day and age is liquidity. And much of what plays out in the coming weeks likely depends on how carefully the Treasury can carry out its replenishing process. Most investors are taking a rather cautious approach right now as a result, I suspect.”\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+2.2%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+1.6%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22123.3%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22121.7%", "DACS Sector": "Computing"}]\nBRC-20 tokens are pushing toward a market cap of $500 million, and new data from Glassnode shows that they continue to be a lucrative source of fees for miners.\nAccording to on-chain data, inscriptions now account for 25% of all transaction fees and roughly 40% of all transactions on the Bitcoin blockchain.\nWhile inscriptions remain controversial within the broader bitcoin community, for miners they’ve been a boon.\nA miner\'s revenue comprises two elements: block rewards, currently 6.25 BTC ($167,709), and transaction fees that fluctuate based on network demand, with fees traditionally being lower tha Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,653,416,150 - Hash Rate: 417687139.0684004 - Transaction Count: 479437.0 - Unique Addresses: 721266.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Production grew month over month at 37.35 bitcoin Operations achieved 91.0 BTC/EH efficiency Uptime was 94 % For March 2023 Bitcoin produced 1Q23 were 110.25 Toronto, Ontario--(Newsfile Corp. - April 17, 2023) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), dedicated to becoming the leading carbon-neutral Bitcoin mining company operating at an industrial scale, provides results of its Bitcoin mining operation for the month ended March 31, 2023. CEO Comments "We produced bitcoin at a steady rate during March. We are proud to announce a partnership with Rebel Mining who will be taking a large portion of our fleet. Their depth and breath of experience make them a perfect partner to deploy the rest of our fleet. With the miners currently being deployed to Missouri in March and April, our fleet will be fully homed, and upon energization, we will be at approximately 1.5EH/s. We believe we will have a significant portion of this EH/s energized by end of May." Said Patricia Trompeter, CEO of Sphere 3D. "We are looking forward to working with Rebel as we install and energize the remainder of our Fleet." "Rebel Mining Company has state of the art facilities managed by a world class leadership team. We are excited to partner with Sphere 3D who will deploy in our Missouri and Texas facilities over the next 30 - 60 days. We look forward to getting them energized and bringing our depth of crypto mining knowledge to Sphere. Our commitment to our customers and a high operational standard sets us apart in this industry and we are looking forward to working together." Said Neil Galloway, COO Rebel Mining. Compute North Update We continue to work with Compute North and their bankruptcy lawyers for the return of our deposit through the Chapter 11 process. As previously disclosed, we filed our financial claim with the US Bankruptcy Court in February 2023, and must wait for the process to continue. Miner Delivery Update We have begun deployment to several hosting partners for May energization. We are currently deploying miners to a facility in Missouri for anticipated energization in May. In addition, we expect to deploy the remaining fleet to an existing hoster be hashing in the next 60 days. With deployments above, we will have successfully placed the majority of our fleet. Core Scientific Update As previously disclosed by the Company, Sphere 3D filed an arbitration request against Core Scientific ("Core") on its claim for the non-refunded portion of the Company's advanced deposits. Core subsequently filed for restructuring under Chapter 11 on December 21, 2022, citing burdensome debt obligations as a result of rising energy prices and the decline in the price of bitcoin. We continue to work with the US Bankruptcy court to monitor the progress. Sphere 3D has engaged counsel and is vigorously pursuing every available option to recover its funds. Story continues Bitcoin Production and Holdings Update In March 2023, Sphere 3D produced 37.35 Bitcoin, or 1.20 per day. Sphere 3D's mining fleet operated at 91.0 BTC/EH efficiency. During March 2023, the Company employed a Hybrid strategy of liquidating during bitcoin price upswings and HODL for the remainder of its holdings. The Company used approximately 28.33 Bitcoin during the month to fund working capital, and prepaid hosting deposits for our S19J Pros. Bitcoin held by the Company represents a fair market value of approximately $0.6 million based on the Bitcoin price of $28,489 on March 31, 2023. As of March 31, 2023, the Company was operating approximately 4,330 S19j Pros miners delivering a production capacity of approximately 446 PH/s. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1705/162628_sphere_fig1.jpg CEO Closing Remarks "We continue to make progress as we deploy the rest of our fleet. When fully energized we increase our production to 1.5 EH/s. We focused on execution in March to prepare ourselves for a strong second quarter. I am excited to get all 1.5EH/s up and going in second quarter, and our efforts in the first quarter made this possible!" About Sphere 3D Sphere 3D Corp. (NASDAQ: ANY) is a net carbon-neutral cryptocurrency miner with decades of proven enterprise data-services expertise. The Company is growing its industrial-scale mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with best-in-class data center operators. Sphere 3D is dedicated to growing shareholder value while honoring its commitment to strict environmental, social, and governance standards. For more information about the Company, please visit Sphere3D.com . Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally related to future events including the timing of the proposed transaction and other information related proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "experts," "plans," "anticipates," "could," "intends," "target," "project," "contemplates," "believes," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions. Expectations and beliefs regarding matters discussed herein may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from the projected. The forward-looking statements contained in this communication are also subject other risks and uncertainties, including those more fully described in filings with the SEC, including Sphere 3D's reports filed on Form 10-K and Form 8-K and in other filings made by Sphere 3D with the Sec from time to time and available at www.sec.gov . These forward-looking statements are based on current expectations, which are subject to change. Sphere 3D Contacts Kurt Kalbfleisch CFO, Sphere 3D [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162628 View comments... - Reddit Posts (Sample): [['u/phthird', 'What is the safest mobile wallet for BTC right now?', 36, '2023-06-02 00:33', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/', "Hey. I want to store my Bitcoin in the most trusted wallet on iOS right now. By that I mean that it has the best security in it, is not hacked, reliable and has a good reputation etc. Obviously, a non-custodial one.\n\nBecause I recently heard the news about Ledger, and in general the situation changes every month, I would like to know what is considered the best option for safe storage on iOS of Bitcoin nowadays.\n\nI am currently considering Blockstream Green, but would love to hear what you think and decide. Thank you all so much for your help!\n\nIf anything, I don't have the ability to buy a hardware wallet. Only from intermediaries, which makes no sense at all in this case. The amount of Bitcoin, however, is not so high to bother so much.", 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/', '13xvini', [['u/Different-Limit-2683', 27, '2023-06-02 00:54', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/jmjhwi6/', 'Check BlueWallet.', '13xvini'], ['u/JBL709', 25, '2023-06-02 02:31', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/jmjv4bi/', 'Blockstream Green', '13xvini'], ['u/Efficient_Diet_7839', 11, '2023-06-02 05:58', 'https://www.reddit.com/r/Bitcoin/comments/13xvini/what_is_the_safest_mobile_wallet_for_btc_right_now/jmkl10f/', 'Exodus. Amazing and responsive customer support too', '13xvini']]], ['u/middlemangv', "It doesn't matter how strong the project of the coin you invested in is, maybe it will resist a little at times, but eventually it will follow the price of Bitcoin. If Bitcoin goes down, the rest will follow.", 132, '2023-06-02 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/', 'Maybe that\'s what makes people call all the other cryptocurrencies as "altcoins". \n\nI think that it is clear to all of us, and it is also obvious, that no matter how good the project is, if Bitcoin goes down with the price, eventually the entire market will be painted in red. \n\nPeople say that one of the biggest reasons for this is trading pairs that favor Bitcoin, considering that most trading pairs are in BTC. So when Bitcoin goes down, so do trading pairs. \n\nAnother reason is the dominance of Bitcoin, i.e. the number or value of the entire crypto market capital, where Bitcoin leads with 44.2%. \n\n> "As of today, the market cap of Bitcoin (BTC) is at $521 Billion, representing a Bitcoin dominance of 44.22%. Meanwhile, Stablecoins\' market cap is at $130 Billion and has a 11.05% share of the total crypto market cap." - CoinGecko\n\nMost people see Bitcoin as the leader in the world of cryptocurrencies. Bitcoin is literally a market indicator and no matter how good the project you invested in is, possibly in the long run it will follow the price of Bitcoin. If Bitcoin collapses, it would be equivalent to a tsunami in the cryptocurrency market. The crypto market is closely tied to Bitcoin. \n\n[Bitcoin dominance](https://preview.redd.it/arthfuough3b1.png?width=1763&format=png&auto=webp&v=enabled&s=c20d1c5ef4468d25b8133ebd19fd882ed68e690e)', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/', '13xvtmv', [['u/Napoleon_246', 10, '2023-06-02 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjgwaj/', 'It can be beneficial to find good alts before the masses catch onto them, however, we all must remember that at the end of the day, Bitcoin is King.', '13xvtmv'], ['u/cashpig000', 17, '2023-06-02 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjhr7i/', "It's not difficult to understand btc maxis. I'm becoming one myself, this bear market showed me this.", '13xvtmv'], ['u/Calm_Lemonade', 12, '2023-06-02 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjhutf/', 'I’m hoping for even higher Bitcoin dominance. \n\nAlso, don’t be like me and pick a coin that doesn’t go up when Btc does but gets absolutely demolished when it goes down.', '13xvtmv'], ['u/Tasigur1', 67, '2023-06-02 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmji1ez/', "Wait OP, so you are saying BTC is leading the crypto market and other coins will follow the price of BTC?!\n\nThat's a daring thesis 😅", '13xvtmv'], ['u/Baecchus', 29, '2023-06-02 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13xvtmv/it_doesnt_matter_how_strong_the_project_of_the/jmjvbdx/', 'Not to brag but my shitcoins can go down even while BTC is going up. I must be soing something right.', '13xvtmv']]], ['u/Mr_DigDeeper', 'Gradually, Then Suddenly…Bitcoin Adoption.', 25, '2023-06-02 01:59', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/', 'All I can say is that these prices won’t last. You get in at the price you deserve. \n\n\nGradually, then suddenly.\n\n#Bitcoin Adoption', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/', '13xxihe', [['u/Baileus', 10, '2023-06-02 08:00', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jmkwhk0/', 'DCA', '13xxihe'], ['u/Kasegigashira', 18, '2023-06-02 09:27', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml3bwk/', 'You sound like a guy who ends up buying at 40k instead of now.', '13xxihe'], ['u/edislucky', 10, '2023-06-02 09:54', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml5c76/', "I bought at 2k but sold all at 5k because I didn't understand it and thought it couldn't possibly ever ever go higher than that! \n\nYou buy at the price that moment, you HODL the price you deserve.", '13xxihe'], ['u/Loafmanuk', 13, '2023-06-02 10:15', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml6v6i/', "For Bitcoin to hit 5k again, the world will have to become a really shitty place, really quickly.\nI'm not saying it won't happen, anything is possible with these fucking psychopaths pulling the strings, but I for one hope we don't have to see that.", '13xxihe'], ['u/Mr_DigDeeper', 12, '2023-06-02 10:34', 'https://www.reddit.com/r/Bitcoin/comments/13xxihe/gradually_then_suddenlybitcoin_adoption/jml87kv/', 'I think 16k was the bottom in November', '13xxihe']]], ['u/WineglassConnisseur', 'Why aren’t y’all stacking?', 29, '2023-06-02 02:46', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/', 'How much is everyone stacking? At current prices, ~$250 million Bitcoin is created by mining every month.\n\nIt would take just $50 from every hodler in this subreddit in order to eviscerate this new supply. So again, why aren’t y’all stacking?', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/', '13xyjua', [['u/highspeed717', 55, '2023-06-02 02:53', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmjy1fe/', "I'm doing my part!!", '13xyjua'], ['u/clue5tick', 20, '2023-06-02 03:03', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmjz9qu/', "Maybe we've progressed. Maybe we're concentrating on building a strong, circular economy that we can rely on, instead of just repeating get-rich slogans?", '13xyjua'], ['u/Abundance144', 88, '2023-06-02 03:10', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmk089e/', "Why you assuming we aren't stacking?", '13xyjua'], ['u/covfefeer', 50, '2023-06-02 03:50', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmk5kbw/', 'I think your math is wrong. 900 bitcoin per day x $27000 = 24.3 million per day * 30 days = 729million', '13xyjua'], ['u/karl0525', 16, '2023-06-02 04:18', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmk98av/', 'Got me some Asics going brrrrrr. Does that count?', '13xyjua'], ['u/Skouaire', 12, '2023-06-02 04:34', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkbak0/', "I have now enough coins.\n\nI'm investing elsewhere.\n\nMy newly acquired house, my newly found buisness, and my collectible car collection.\n\nLife's great, I don't need to be a billionaire after all.", '13xyjua'], ['u/lordsamadhi', 12, '2023-06-02 04:49', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkd42p/', "I'm doing my part.", '13xyjua'], ['u/willmyfordmakeit', 20, '2023-06-02 04:50', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkda39/', 'Imagine not buying rn. Whose this guy think he is?', '13xyjua'], ['u/Skouaire', 25, '2023-06-02 05:01', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkemsp/', "My buisness accepts Bitcoin payments since 1 or 2 years. Something like that.\n\nI own a garage in western Europe. Guess how many times I've been paid in BTC ?\n\nZero.", '13xyjua'], ['u/CupNoodlesKing', 16, '2023-06-02 05:12', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkfwy8/', 'I have no more money', '13xyjua'], ['u/quityourcunting', 13, '2023-06-02 07:21', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkt1z6/', 'The only good bug is a dead bug!', '13xyjua'], ['u/WineglassConnisseur', 24, '2023-06-02 07:59', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmkwg0c/', 'I am retarded, so..', '13xyjua'], ['u/Skouaire', 11, '2023-06-02 12:54', 'https://www.reddit.com/r/Bitcoin/comments/13xyjua/why_arent_yall_stacking/jmliv4u/', 'Yeah I ask my clients (mostly privates or really small companies) if they wanna pay in BTC, credit card or IBAN. I don\'t take checks except if it\'s direct from the bank. I have a small notice on the counter to tell them I\'m accepting BTC and I always ask if they want to pay in BTC. Most of them don\'t even know what it is but that\'s how you get them to slowly change their PoV. They hear it once here, once there, then maybe they\'ll finally go on google to ask "What is bitcoin ?". I believe in adoption this way.\n\nI really hope I will get paid in BTC someday, I thought it would happen before. I was also thinking for a long time about a 5% rebate if they choose BTC but I decided not to.\n\nAnyway if you\'re looking for a used car, or any kind of repair on yours and want to spend BTC\'s. I\'m in nothern France and i\'m available for your wildest needs. Car-wise, of course. ;)', '13xyjua']]], ['u/silent_tongue', 'How not to get distracted from a core portfolio?', 14, '2023-06-02 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13xywb2/how_not_to_get_distracted_from_a_core_portfolio/', "I made kinda a plan to focus on buying only a couple of coins for the next few months/years just to build a bag for the next run as I realised I might have been too 'diversified' (which really just means I'm easy to shill) to really make any good money. \n\nMy planned core portfolio is gonna to be made up of \n- BTC 40% - for obvious reasons \n- ETH 30% - same as above \n- Atom 20% - ICS, potential airdrops\n- Kuji 10% - love ORCA and the whole ecosystem the team is building \n\nBut there's just so much noise and 'cheap' buys that I just keep ending up buying or tempted to buy coins for a potential quick buck such as \n\n- ARB at 1.10+\n- Near at 1.50+\n- matic below 0.9\n- avax at $14+\n\nWhat's your strategy for tuning out these temptation as I simply can't stick to my portfolio monthly!", 'https://www.reddit.com/r/CryptoCurrency/comments/13xywb2/how_not_to_get_distracted_from_a_core_portfolio/', '13xywb2', [['u/Napoleon_246', 18, '2023-06-02 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13xywb2/how_not_to_get_distracted_from_a_core_portfolio/jmjzodj/', 'Diversification is good but too much can be bad for a smaller portfolio.', '13xywb2']]], ['u/DavidC2722', 'Scratched', 45, '2023-06-02 04:13', 'https://www.reddit.com/r/Currencytradingcards/comments/13y0d4m/scratched/', '.01 BTC', 'https://www.reddit.com/gallery/13y0d4m', '13y0d4m', [['u/WreckYoCrew', 10, '2023-06-02 04:28', 'https://www.reddit.com/r/Currencytradingcards/comments/13y0d4m/scratched/jmkaid1/', 'Not 100% sure it matters, but you may want to delete the pic of the back and repost with the code covered', '13y0d4m']]], ['u/AutoModerator', '[Daily Discussion] - Friday, June 02, 2023', 24, '2023-06-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/', '13y2fjq', [['u/dopeboyrico', 17, '2023-06-02 06:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmklf9t/', '[Senate passed the bill to raise the debt ceiling.](https://www.cnn.com/politics/live-news/us-debt-ceiling-senate-vote-06-01-23/index.html)\n\nTime for markets to shift back to focusing on inflation data which will guide the Fed’s decision making.\n\nThe month barely started and things are looking a lot better in June with [Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) estimating YoY inflation for June at 3.06% and [Truflation](https://truflation.com) at 2.73%. Fed is likely to pause rate hikes in June and begin cutting later this year so long as actual inflation numbers continue to plummet in the months to come.', '13y2fjq'], ['u/ThorsBodyDouble', 11, '2023-06-02 08:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmkwuyj/', 'Shouldn\'t a "First loser!" AutoBot kick in here? 🤖', '13y2fjq'], ['u/RequestApproved', 10, '2023-06-02 14:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmltvpi/', "Debt deal is done, Spx still grinding upwards, Btc staying flat.\nNot much capital entering markets other than in AI.\nI suspect markets grind up and bears get punished, then naive bulls get punished when we drop.\nRestarting a bull market is difficult, and I don't think we have the conditions for it yet.", '13y2fjq'], ['u/dopeboyrico', 14, '2023-06-02 15:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmly8u1/', 'Opportunity cost. BTC is up 63% YTD. S&P is up 10% YTD. Nasdaq is up 26% YTD.\n\n4%-6% (not YTD, for the entire year) guarantee on bonds or high yield savings accounts means you’re missing out on potentially larger gains elsewhere at a time where we know for a fact that Congress has just passed a bipartisan bill to increase the debt ceiling by another $4 trillion over the next 2 years.', '13y2fjq'], ['u/dopeboyrico', 23, '2023-06-02 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmm2bfj/', 'Nasdaq has broken its local high from August of last year. S&P is less than 2% away from breaking its local high from August.\n\nThat’s the marker where a lot of TradFi bears will flip risk-on. Bullish.', '13y2fjq'], ['u/delgrey', 17, '2023-06-02 15:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmm3nm4/', 'Just bear market things Bitcoin is dead again!', '13y2fjq'], ['u/stripesonfire', 16, '2023-06-02 16:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmm9njl/', 'Take whatever your savings rate is and subtract year of year inflation. Your savings rate isn’t as good as you think', '13y2fjq'], ['u/Westbrook_Level', 13, '2023-06-02 18:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmmqudr/', 'BTC did a 20x last cycle, I don’t really care about making 5% bonds type gains.\n\nhttps://www.atlantafed.org/cenfis/market-probability-tracker\n\nNor are these rates expected to stay. I like the looks of those 3% rates right about time for BTC to do another bull run year.', '13y2fjq'], ['u/_supert_', 24, '2023-06-02 19:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmmzmi9/', "You guys don't like to hear it from Mosler and the MMT gang.\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/13x7ksg/daily_discussion_thursday_june_01_2023/jmj8tro/\n\nMaybe when Arthur says the same thing, you'll listen.\nhttps://blog.bitmex.com/patience-is-beautiful/\n\n[edit]\nSome good points from Arthur though:\n\n- bank assets impaired by rising rates\n- banks can use BTFP but then will not be able to increase depositor base\n- without more depositors, can't buy more trashuries \n- Treasury will issue at and roll into front end where the demand is\n- this will increase interest expense\n- will also further impair LT debt assets ... like the banks hold\n- high short term rates will continue to cause private sector deleveraging\n- higher interest expense outweighs all other effects and increases money supply\n- result is more inflation", '13y2fjq'], ['u/Westbrook_Level', 16, '2023-06-02 20:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmnawbh/', 'upvoted for trashuries', '13y2fjq'], ['u/logicalinvestr', 12, '2023-06-02 21:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/13y2fjq/daily_discussion_friday_june_02_2023/jmnj7g0/', 'Weekend prediction: stocks have been doing well and BTC has been lagging. With the market closed on the weekend, I predict a lot of the stock "winnings" will be rotated into BTC and we\'ll see some upside. Then people will rotate from BTC back into stocks next week. Rinse and repeat as long as stocks keep going up.', '13y2fjq']]], ['u/rBitcoinMod', 'Daily Discussion, June 02, 2023', 29, '2023-06-02 08:06', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13xav26/lightning_thursday_june_01_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/', '13y4n3i', [['u/Bad_Camel', 10, '2023-06-02 14:14', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmlqy3n/', "No use at all? Strange, I've been successfully using it as a savings account for many years, and also pay certain utilities with it every month. \n\nIn fact, I hold as little depreciating fiat money as possible. I don't really like how govs continuously steal from us through money printing. But hey, it's convenient, right?", '13y4n3i'], ['u/escodelrio', 10, '2023-06-02 15:16', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmlyf0f/', "Historical Bitcoin prices for today, June 2nd:\r \n\r \n2023 - $27,091\r \n2022 - $30,456\r \n2021 - $37,556\r \n2020 - $9,528\r \n2019 - $8,729\r \n2018 - $7,647\r \n2017 - $2,493\r \n2016 - $537\r \n2015 - $226\r \n2014 - $656\r \n2013 - $123\r \n2012 - $5.3\r \n2011 - $10.6\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/02/2023 is $9,135.51.", '13y4n3i'], ['u/cubeeless', 12, '2023-06-02 16:19', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmm771p/', 'BTC to $300k!', '13y4n3i'], ['u/hateschoolfml', 14, '2023-06-02 17:25', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmmh4lq/', '“History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours.” - Saif', '13y4n3i'], ['u/Just1_More', 13, '2023-06-02 18:26', 'https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/jmmqkx5/', "It's 14 years old and growing at its fastest rate yet. Hash power is constantly making new highs, and more nodes are coming online rapidly.\n\nBitcoin is a solid foundation, and growth is happening on top of this. You clearly aren't keeping up.", '13y4n3i']]], ['u/cactus_jackk1908', 'Quant is up 21% in the last 7 days', 27, '2023-06-02 10:39', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/', 'Anyone know the reason why QNT price goes up while BTC goes down? Will I get FOMO if I buy QNT? QNT and RBIF are two projects with the most stable growth in the market. I am considering these 2 projects for long term investment. Can anyone suggest me a good point? \n ', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/', '13y730w', [['u/KaminaSan', 14, '2023-06-02 12:23', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/jmlg86v/', 'QNT was also down 25% in the last month . Never really recovered from the hack.', '13y730w'], ['u/cmomkong', 17, '2023-06-02 17:37', 'https://www.reddit.com/r/QuantNetwork/comments/13y730w/quant_is_up_21_in_the_last_7_days/jmmizbg/', 'if your goal is to sell QNT at 5k then this is a good time to buy. Keep stacking bois', '13y730w']]], ['u/KlemenKisi', 'Buying established alts doesnt pay off', 25, '2023-06-02 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/', 'This might be an unpopular opinion but I do think that "diversifying" the portfolio with alts might be just useless. \n\nAlts follow BTC trend like almost all the time. Why would I be risking another LUNA or something similar, when I can just buy BTC? It is the safest investment in crypto space. If BTC goes to shit, everything else will aswell.\n\nThere are alts with small market cap that dont follow BTC yet. These are a gamble and you can get good gains or just lose money.\n\nBut like top 50 alts just follow BTC trends. Why would I diversify my portfolio if that means I actually risk more for similar gains? \n\nDont get me wrong, I know that we need alts for smaller fees or faster transactions, but if you go into crypto as just an investment, better to just buy BTC or gamble on small cap alts. \n\nRant over.', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/', '13y8efl', [['u/Calm-Cartographer677', 20, '2023-06-02 12:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlf0e2/', "We're all just waiting for the legendary Alt Season", '13y8efl'], ['u/_Beta-Male_', 10, '2023-06-02 12:09', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlf461/', 'Okay in october ADA was .10 and Bitcoin 11k\n\nAth of ADA is 3.09 so that is like 30x\n\nBuying alts in the top 50 still pays off', '13y8efl'], ['u/Every_Hunt_160', 33, '2023-06-02 12:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlfqkk/', 'You’re probably new to the crypto markets. Yes, so far it hasn’t been paying off in a bear market.\n\nThat’s because the trend in crypto bear markets is that Bitcoin dominance goes up, and a large majority of alts underperform BTC and crash even harder than BTC in the bear.\n\nHowever, in a bull market Bitcoin dominance drops, and when that happens we enter what is called ‘alt-season’ - this is where many alts in the top 100 would actually outperform Bitcoin and give greater gains for that period.\n\nTake it as you will, but this has been a consistent trend for the crypto markets ever since 2011. And the trend has stayed for this current bear market, and will most probably will still continue come the next bull market.\n\nEdit: And I’m being downvoted for.? For speaking on a well established market cycle ?', '13y8efl'], ['u/Sugar_Phut', 10, '2023-06-02 12:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlfqvr/', 'Tell me you bought the top without telling me you bought the top', '13y8efl'], ['u/Every_Hunt_160', 25, '2023-06-02 12:20', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlfxp6/', 'Alt season doesn’t start before bull season.\n\nHistorically it’s paid off the accumulate Bitcoin (and also Eth) during the bear market, then convert that BTC to alts after the bull market starts and just before alt season/beginning of alt season. \n\nThat has been the most viable strategy from our lessons from historical bull and bear markets.', '13y8efl'], ['u/Calm-Cartographer677', 15, '2023-06-02 12:45', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmli1cf/', "I agree, although I can never bring myself to swap my precious BTC for alts. \n\nInstead I'll flip my DCA from BTC to alts when my alt season senses are tingling!", '13y8efl'], ['u/RHINO_HUMP', 12, '2023-06-02 12:47', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmli7lc/', 'OP has a dumb take. Buying alts for the short term might be less fruitful, but most established alts will outperform BTC during the next bull market. Take Doge at $0.07. Even if it hit its previous high of $0.73, that would be 10x. BTC is not likely to 10x from where it is now.\n\nWhere people like OP fail, they get discouraged when alt prices don’t move much in 2023-2024 and want to hop on the BTC train because it will make some good gains during that same timeframe. But the better long term buy is still established alts.', '13y8efl'], ['u/FvckUTwitter', 19, '2023-06-02 13:17', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlkz6e/', "Put ur little $1k in Bitcoin and when it hit $60k y'all have $2500 when it hit $140k Bitcoin you'll have $5k. The everyday working American will not be well off with Bitcoin.", '13y8efl'], ['u/_cryptodon_', 15, '2023-06-02 13:18', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmll38g/', ">plan is to sell Altcoins ATH\n\nEh, that's everyones plan but where is ATH", '13y8efl'], ['u/mislav_', 12, '2023-06-02 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmllg5n/', 'Alts can easily do x20 x30 x50, but bitcoin cant because of market cap.\n\nAlso, good altcoins are more advanced tech than bitcoin and some people are investing in the tech. If we will ever see world wide adoption of crypto it wont be bitcoin most likely because tech is slow and expensive.', '13y8efl'], ['u/fishyflu', 10, '2023-06-02 13:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmllyf5/', "Ofc, alts always outperform BTC by a large margin during the altseason. But yeah I'm not a big fan of large alts, I prefer taking chances with smallcaps", '13y8efl'], ['u/binglelemon', 14, '2023-06-02 13:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmllyua/', "My plan is to panic and make irrational decisions. Usually my plans backfire, so I'm trying a new approach.", '13y8efl'], ['u/Eatplaster', 44, '2023-06-02 13:32', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlmeob/', 'So if Bitcoin goes from $25k to $100k and DOT goes from $5 to $40 who made more money?', '13y8efl'], ['u/The-Francois8', 12, '2023-06-02 13:39', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmln49m/', 'While I tend to mostly buy Eth and btc, using your example, LUNA went from under $0.01 to over $100\n\nThat’s a 10,000 x return. \n\nThis dream is why people splash around in alts. \n\nThat said, fucking take profits in them. 99+% of them crash eventually. They don’t have the longevity of bitcoin.', '13y8efl'], ['u/Dull_Tough_7149', 37, '2023-06-02 13:40', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmln8di/', '\n"HODLing alts can be a real grind, but sticking to the plan and trusting those alt season senses is key. I\'ll never trade my precious BTC for alts, but when the time is right and the gains start flowing, I\'ll definitely flip my DCA. Gotta ride that altcoaster and stay 💪', '13y8efl'], ['u/NeroAugustus', 13, '2023-06-02 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlqwmr/', 'That’s the alt coin gamble OP is not willing to risk', '13y8efl'], ['u/Flowering_Cactuar', 15, '2023-06-02 14:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlt5io/', 'Less risk, less reward', '13y8efl'], ['u/KoaIaz', 73, '2023-06-02 14:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13y8efl/buying_established_alts_doesnt_pay_off/jmlvfyg/', 'I remember reading something like this a few years ago before the last bull run so I consolidated all my alts into btc and ETH. One of the alts was little exchange coin called BNB… Moral of the story don’t listen to reddit.', '13y8efl']]], ['u/Fun-Character1500', 'Algo Lending.', 27, '2023-06-02 12:19', 'https://www.reddit.com/r/algorand/comments/13y8r83/algo_lending/', 'I converted a significant amount of BTC into Algo. First I thought I would just let it sit in my wallet but then I came across Algo lending on AlgoFi and Folks Finance. I wanted the community opinion on which one is better for lending Algo?(APR is almost the same around 6%) and apart from the smart contract risk, is it generally safe?', 'https://www.reddit.com/r/algorand/comments/13y8r83/algo_lending/', '13y8r83', [['u/ctubio', 14, '2023-06-02 13:47', 'https://www.reddit.com/r/algorand/comments/13y8r83/algo_lending/jmlnzto/', 'im on algofi since the beginning while carefully reviewing all their teal code myself; im too lazy to fully review another (and i already fall in love) but folks seems safe too', '13y8r83']]], ['u/EducatorTotal2952', 'Iota Micro & Macro', 48, '2023-06-02 15:04', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/', 'quick backstory; Ive been an IOTA fan from 2017. and it is one of the first cryptos to ever enter in. Seen and did everything in this space. Know every part , every wheel . Know the scams, pumps and dumps, fake news , false promises. You name it. IOTA is this one thing I just cant seem to put aside.\n\nAt this point, after seeing everything I guess the line is crossed for me where I do have to take a stand. Let me explain: truth is I dont know if we are in a bear or a bull market. The btc gives validity to both cases at this point. I dont know if this is the best price to enter for a short or long term. But I do know this is a very decent price. I could point to a big support for IOTA hiding in the walls. Or in the fact that we are now at 93% down from previous peak, or a rising volume, but the truth is, I dont know if any of it means anything. The hype for this project is a long long time dead. The price reflects that. But we are now at that time that we have been waiting for since the inception of this project. We are reaching a maturity where the legos are starting to fit one by one. Will the floodgate happen? I have no idea. Will the saudis take some action with this? Will the EBSI gain some traction for the project? Will the coordicide wake the giant? Maybe. Maybe not. But the fact is despite everything and all the criticism, people behind this project are hardworking, decent folks. It can be seen in the github activity that the development is still in its full swing. And it can be told by the fanatic community of which I am part of that people still believe strongly in the success of this dream. So if anything is to come of crypto in general, I want to be a part of it. And I want to be on a horse that shines the brightest. To me that is IOTA. That is the line that has been drawn. If all this fails, Im not gonna run anymore. Ive made peace with it. And if it succeds, I will be in. So cheers & love to all.', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/', '13yc88w', [['u/alandros', 18, '2023-06-02 15:26', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmlzqpv/', "I'm of the same mindset. I started in crypto with mining Ethereum and I've seen the potential in IOTA since 2017. IOTA takes crypto to a new level and I think it's more exciting than Ethereum. I have my own project I'm working on so I understand how development can take longer and longer than expected as you run into new problems you didn't foresee. So I relate with what IOTA has gone through and can understand how frustrating it can be for an investor who doesn't do development. But IOTA's day will come because all that hard work will culminate in something amazing and that's why I'm all in here.", '13yc88w'], ['u/mislav_', 13, '2023-06-02 15:53', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmm3c6c/', 'Definitely, if i have too choose one crypto as a potential for worldwide adoption that would be iota because of feeless nature, dag and no miners. Lets hope that they will succeed in decentralization and it will be the best tech out there.', '13yc88w'], ['u/patizone', 10, '2023-06-02 18:28', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmmqujo/', 'Less than would make me rich, more than I should have bought.', '13yc88w'], ['u/killtheking111', 10, '2023-06-02 18:34', 'https://www.reddit.com/r/IOTAmarkets/comments/13yc88w/iota_micro_macro/jmmrqnv/', "Very well written indeed. IOTA's time will come...its now just a waiting game. And I think I amy throw a little more $$ into this just in case !", '13yc88w']]], ['u/customsolitaires', 'Why make it hard when it can be easy? In this case I think its because they want to keep control.', 261, '2023-06-02 16:03', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/', 'May be they are trying to compete against Bitcoin lol.\nTaken from r/brazil', 'https://i.redd.it/relzddez2m3b1.jpg', '13ydplk', [['u/boato11', 94, '2023-06-02 16:09', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmm5mv8/', 'The euro of South America. \n\nAnother shitcoin.', '13ydplk'], ['u/Umpire_State_Bldg', 66, '2023-06-02 16:10', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmm5tvr/', "They want to create money for free which the rest of us have to work for. \n\nThat's fucked up, but most people still lack enough understanding about money to see how fucked up it really is.", '13ydplk'], ['u/turistah', 27, '2023-06-02 16:57', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmcyfa/', "At least in Europe, Germany it's a thing.\n\nHere we have great responsible countries like Argentina and Venezuela.", '13ydplk'], ['u/Late-Alternative-750', 17, '2023-06-02 17:04', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmdwp1/', 'Germany, too, isn’t the same as ten or even five years ago. I’m seeing a fast decline here, in almost all spheres.', '13ydplk'], ['u/turistah', 10, '2023-06-02 17:09', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmeryc/', "Yeah, I'm following you.\n\nBut South America, as a responsible financial perspective is in the shit for a really long time.", '13ydplk'], ['u/sofiarodriguez27', 24, '2023-06-02 17:43', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmjsnv/', "It's like they found the cheat code while the rest of us are still trying to figure out the game.", '13ydplk'], ['u/Bitcoin_Maximalist', 25, '2023-06-02 18:32', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmrhag/', 'and in europe they have spain, italy, greece and some more completely bankrupt nations.', '13ydplk'], ['u/1_Pump_Dump', 18, '2023-06-02 18:49', 'https://www.reddit.com/r/Bitcoin/comments/13ydplk/why_make_it_hard_when_it_can_be_easy_in_this_case/jmmu2xl/', 'The CIA worked hard to make that happen.', '13ydplk']]], ['u/Cjaylyle', 'CMV : Attracting women is like getting a job. Not ALL companies are the same or value the same thing, but most are the same.', 60, '2023-06-02 16:07', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/', 'To have the best chance at getting a job you need to be as efficient as possible, by approaching every application and interview in a broadly similar way.\n\nDress smart to your interview. Be professional and polite and appear competent. Show up early and be confident but not desperate. Ask the right questions and give the right answers.\n\nYour job search will go better if you have extensive experience, and relevant skills. You’re more likely to get a job when you’re already in a job or at least have shown you have had jobs before and not been fired. \n\nNow, MOST companies will respond positively to these things. And it makes sense to approach the job market in this way. But also, yes, there are outliers. Maybe some 90’s kid has formed a start up from his bitcoin profits and values a laid back environment with stoners as his colleagues, and is feeling charitable so wants to give people a chance who never had a job. These anomalies do exist.\n\nIts the same with women. They want you fit, handsome and well dressed. They don’t want somebody who hasn’t had much experience with women, and virgins are a big ick. They want confidence, a man who can lead and take control when needed. They want somebody with options, and somebody who doesn’t reek of desperation, and somebody who demonstrates that whilst you are an option they are interested in that there are other good offers on the table. They don’t want a man who will break down under stress, or a man who can’t hold his own in a social setting. \n\nWhilst I’m sure there are anomalies, MOST women value the same things. The same fundamental qualities in both looks and personality.\n\nSo yes, if you want the most success you’re going to have to buck up and achieve most of these qualities. Or you may strike lucky and meet an anomaly and bag yourself an easy ride. But I truly believe the best advice for men is to follow the advice that’s effective with the most women possible.', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/', '13ydt1a', [['u/LilWongWang', 25, '2023-06-02 16:42', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmam5t/', "It's always considered important to remember that not all men will be able to achieve the same set of idealized prospects, financial/socio-economic prowess, or physiological archetype. From an inherent, mathematical perspective, it simply isn't possible for all (or even most) males to achieve this magnitude of sexual/romantic desirability. \n\nIt's also to be expected that the vast majority of women won't appreciate your vague generalizations regarding their innate sexual preferences. Regardless of your statements' accuracy and validity.", '13ydt1a'], ['u/Ciabatta_Scoober', 12, '2023-06-02 16:53', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmcbta/', ">It's also to be expected that the vast majority of women won't appreciate your vague generalizations regarding their innate sexual preferences. Regardless of your statements' accuracy and validity.\n\nThe problem with modern society.\n\nWe call the truth misogynistic and pretend misandry is truth.", '13ydt1a'], ['u/AreOut', 10, '2023-06-02 17:02', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmdp94/', 'they can feel it, hell I am the man and I can guess with 80% of certainty if a guy is virgin or not when I see how he behaves in female presence', '13ydt1a'], ['u/JNRoberts42', 11, '2023-06-02 17:12', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmmf7je/', 'Women can tell if a man is a nervous dork who isn’t comfortable in the presence of women but they can’t “feel” virginity. Men care way more about virginity than women. Women know it’s a social construct.', '13ydt1a'], ['u/SolidusMonkey', 12, '2023-06-02 19:39', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmn1wtc/', "> Women don’t know a man is a virgin during the “interview” process\n\nThey absolutely can tell very easily lol. Doesn't talk about ex girlfriends ever, freezes up or is vague when the topic of sex comes up, doesn't make moves... Come on, man.\n\n> If a woman is attracted and emotionally invested in a man, virginity isn’t going to stop her.\n\nUh, no. There's literally dozens and dozens stories of women rejecting guys while they're getting undressed because he mentioned that it was going to be his first time. When I lost my virginity late in life, my friends screamed at me via text to never EVER tell her I was a virgin until afterwards.", '13ydt1a'], ['u/rhagaeas_executioner', 12, '2023-06-02 20:12', 'https://www.reddit.com/r/PurplePillDebate/comments/13ydt1a/cmv_attracting_women_is_like_getting_a_job_not/jmn6zfa/', "> It's also to be expected that the vast majority of women won't appreciate your vague generalizations regarding their innate sexual preferences. Regardless of your statements' accuracy and validity.\n\nUnfortunately so. Unironically feelz over realz.", '13ydt1a']]], ['u/fleshlyLoath', 'Tell us a fact about one of your favorite cryptocurrency', 62, '2023-06-02 16:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/', "Hello friends! Since i joined this sub i learned a lot from you people. In this discussion i would like you to share with us something about a cryptocurrency that you might find interesting, useful, less known or whatever you think it's worth mentioning really. \n\nThere are a lot of interesting and unique projects and i think it could be useful to learn a thing or two about them.\n\n\nI will start:\n\nDid you know that around 4 million bitcoin out of the 21 million that will ever exist are lost forever?", 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/', '13yenui', [['u/MysteriousJello2', 24, '2023-06-02 16:44', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmawhj/', "It's rich in potassium", '13yenui'], ['u/Sugar_Phut', 19, '2023-06-02 16:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbm33/', 'Cardanos native token Ada was named after the famous mathematician Ada Lovelace', '13yenui'], ['u/Wonzky', 13, '2023-06-02 16:48', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbmew/', 'It has caused me nothing but pain but I feel like I just have stockholm syndrome now', '13yenui'], ['u/reddito321', 11, '2023-06-02 16:49', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbn2t/', 'The best fact about my favorite currency is that', '13yenui'], ['u/mesutdmn', 16, '2023-06-02 16:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmbzqv/', 'Reddit owns 41.624.222 MOONs in their 3 wallets.', '13yenui'], ['u/Ofulinac', 42, '2023-06-02 16:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmc4nh/', ">Tell us a fact about one of your favorite cryptocurrency\n\nIts not gonna make me rich, that's for sure lol", '13yenui'], ['u/FLMan-', 10, '2023-06-02 16:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmmd5io/', 'So he thought “im gonna make a blockchain to give more power to the little guy to stand up against those in power” and then proceeded to make a blockchain that if you spend more in $ fees you get priority.', '13yenui'], ['u/JustStopppingBye', 11, '2023-06-02 17:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13yenui/tell_us_a_fact_about_one_of_your_favorite/jmme76t/', 'In 2016, Klaus Schwab from the WEF wrote the book "The Fourth Industrial Revolution" On page 143.\r \n\r \n"The shift in action www.smartcontracts.com provides programmable contracts that do payouts between two parties once certain criteria have been met, without involving a middleman. These contracts are secured in the blockchain as “self-executing contractual states”, which eliminate the risk of relying on others to followthrough on their commitments."\r \n\r \nhttps://law.unimelb.edu.au/\\_\\_data/assets/pdf\\_file/0005/3385454/Schwab-The\\_Fourth\\_Industrial\\_Revolution\\_Klaus\\_S.pdf\r \n\r \nThis was one year before chainlink wrote their white paper in 2017', '13yenui']]], ['u/lotofpic', 'Have you ever been in Bitcoin in its early days lost them all?', 18, '2023-06-02 16:43', 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/', "Have you ever been in Bitcoin in its very early days and some how lost them all?, Too many stories out there, would like to know some more, me personally I didn't start with it early, I was skeptical of it and I am sure I wouldn't manage to keep until it reached its ATH.", 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/', '13yeo0n', [['u/SnooRadishes6544', 27, '2023-06-02 17:21', 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/jmmgktb/', 'Bought loads at $3 in 2012. Spent about 70-80 on LSD. Lost 17 on silk road. Lost some on mt gox. \n\nLearned my lesson and have been hard stacking since 2018 😉', '13yeo0n'], ['u/m594', 13, '2023-06-02 18:09', 'https://www.reddit.com/r/Bitcoin/comments/13yeo0n/have_you_ever_been_in_bitcoin_in_its_early_days/jmmnscw/', 'Plot twist. The shop he went to shut down, the owner was last seen in the Emirates 😂', '13yeo0n']]], ['u/Key-Interest-3095', "Why big AAA game companies don't use EMPRESS to hurt their competition?", 554, '2023-06-02 17:10', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/', "Why don't big companies hire EMPRESS or CPY to crack their competitors games and hurt their profits? It's just 500$ worth of Bitcoin or something.. Just wondering...", 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/', '13yfcxc', [['u/mtkhrb456', 1089, '2023-06-02 17:29', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmho2g/', "How do you know they haven't done that already?\n\nIt's not like there's public records detailing who pays her", '13yfcxc'], ['u/Gertraic', 468, '2023-06-02 17:31', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmi07k/', "Because, they (Denuvo) know that piracy doesn't \\actually\\ hurt profits for the most part. \n\nAlso, who's competing with Denuvo?", '13yfcxc'], ['u/Training_Age_Reed', 44, '2023-06-02 17:36', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmirid/', 'That is exactly what has been happening, you can be expecting a call from the CIA.', '13yfcxc'], ['u/HeroinPigeon', 74, '2023-06-02 17:38', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmj2pc/', "Corporate sabotage sounds like it's really not worth it from a business stand point plus you don't hurt the industry as a whole with stock values v speculation", '13yfcxc'], ['u/dorian1356', 17, '2023-06-02 17:44', 'https://www.reddit.com/r/PiratedGames/comments/13yfcxc/why_big_aaa_game_companies_dont_use_empress_to/jmmjyqk/', "Haven't we proved that piracy doesn't really hurt sales? Hogwarts legacy and resi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 13, 2020 at Wall Street in New York City. Johannes Eisele/AFP/Getty Images The Dow soared 700 points to end the week as traders cheered the end of the debt ceiling fight. The Senate voted to send the bill to raise to country\'s borrowing limit for two years to Biden\'s desk. Markets were also encouraged by strong nonfarm payroll data that showed employers added 339,000 jobs in May. US stocks soared on Friday, with markets feeling upbeat about the end of the debt ceiling showdown and a strong May payroll report. The Dow Jones Industrial Average spiked 700 points, or more than 2%, climbing steadily through the session, while the Nasdaq and S&P 500 were each up over 1%. The Senate late Thursday voted to send the bill that would raise the US borrowing limit for two years to President Joe Biden\'s desk to be signed. The move ends weeks of tense negotiations that brought the country to the brink of defaulting on some of its obligations. Treasury Secretary Janet Yellen had warned that the US would run out of cash in early June without raising the debt ceiling. Meanwhile, on Friday morning, markets got a glimpse of the still red-hot labor market. Nonfarm payroll data for May showed that employers added 339,000 jobs last month , blowing past estimates of 180,000. The strong reading could complicate the Federal Reserve\'s approach to fighting inflation, though it was tempered by an increase in the unemployment rate and slower wage gains. Markets have been expecting the Fed to pause raising rates at the upcoming policy meeting this month, but a hot labor market could convince officials to maintain pressure to discourage any resurgence in inflation. As of Friday afternoon, fed fund futures were still showing about 70% odds that the Fed holds off on another rate hike, according to the CME FedWatch Tool. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,282.37, up 1.45% Dow Jones Industrial Average : 33,762.76, up 2.12% (701.19 points) Nasdaq Composite : 13,240.77, up 1.07% Story continues Here\'s what else is happening: Even the biggest winners of the surge in Nvidia\'s stock price are taking some chips off the table as the AI hype train goes into overdrive. Russia\'s foreign minster accused the West of "financial blackmail." The comment comes as the economic bloc known as the BRICS considers adding Saudi Arabia and Iran. Extreme bearishness means that stocks could be facing big gains . Bank of America said this week that when investors are this downbeat, there\'s upside coming. The bank said the S&P 500 could jump 16% in the coming year. In commodities, bonds, and crypto: Oil got a boost from the strong US jobs data. West Texas Intermediate crude jumped 2.75% to $72.03 a barrel. Brent, the international benchmark, rose 2.85% to $76.40. Gold dipped by 1.5% to $1,966 an ounce. The yield on the 10-year US Treasury rose eight basis points to 3.69%. Bitcoin edged up 1.6% to $27,273. Read the original article on Business Insider', '• The Dow soared 700 points to end the week as traders cheered the end of the debt ceiling fight.\n• The Senate voted to send the bill to raise to country\'s borrowing limit for two years to Biden\'s desk.\n• Markets were also encouraged by strong nonfarm payroll data that showed employers added 339,000 jobs in May.\nUS stocks soared on Friday, with markets feeling upbeat about the end of the debt ceiling showdown and a strong May payroll report.\nThe Dow Jones Industrial Average spiked 700 points, or more than 2%, climbing steadily through the session, while the Nasdaq and S&P 500 were each up over 1%.\nThe Senate late Thursday voted to send the bill that would raise the US borrowing limit for two years to President Joe Biden\'s desk to be signed. The move ends weeks of tense negotiations that brought the country to the brink of defaulting on some of its obligations. Treasury Secretary Janet Yellen had warned that the US would run out of cash in early June without raising the debt ceiling.\nMeanwhile, on Friday morning, markets got a glimpse of the still red-hot labor market. Nonfarm payroll data for Mayshowed that employers added 339,000 jobs last month, blowing past estimates of 180,000.\nThe strong reading could complicate the Federal Reserve\'s approach to fighting inflation, though it was tempered by an increase in the unemployment rate and slower wage gains.\nMarkets have been expecting the Fed to pause raising rates at the upcoming policy meeting this month, but a hot labor market could convince officials to maintain pressure to discourage any resurgence in inflation. As of Friday afternoon, fed fund futures were still showing about 70% odds that the Fed holds off on another rate hike, according to the CME FedWatch Tool.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,282.37, up 1.45%\n• Dow Jones Industrial Average:33,762.76, up 2.12% (701.19 points)\n• Nasdaq Composite:13,240.77, up 1.07%\nHere\'s what else is happening:\n• Even the biggest winners of the surge in Nvidia\'s stock price are taking some chips off the tableas the AI hype train goes into overdrive.\n• Russia\'s foreign minster accused the West of "financial blackmail."The comment comes as the economic bloc known as the BRICS considers adding Saudi Arabia and Iran.\n• Extreme bearishness means that stocks could be facing big gains. Bank of America said this week that when investors are this downbeat, there\'s upside coming. The bank said the S&P 500 could jump 16% in the coming year.\nIn commodities, bonds, and crypto:\n• Oil got a boost from the strong US jobs data. West Texas Intermediate crude jumped 2.75% to $72.03 a barrel. Brent, the international benchmark, rose 2.85% to $76.40.\n• Gold dipped by 1.5% to $1,966 an ounce.\n• The yield on the 10-year US Treasury rose eight basis points to 3.69%.\n• Bitcoin edged up 1.6% to $27,273.\nRead the original article onBusiness Insider', 'Dr. John Forsyth, a missing emergency room doctor from Missouri was found dead in Arkansas from an apparent gunshot wound, authorities confirmed Wednesday, May 31, 2023 but they\'re still investigating what happened in the week since he was last seen. Jason Musgrave via AP A doctor in the Ozarks who Forbes called a Bitcoin millionaire went missing in Missouri on May 21. His body was found with an apparent gunshot wound in an Arkansas lake on May 30. Investigators have released few details to his family or the public. A doctor in the Missouri Ozarks went missing for over a week until his body was found in an Arkansas lake. But the case remains mysterious as investigators have released few details to his family or the public. Dr. John Forsyth, 49, was last seen alive on May 21, when security cameras in the parking lot of a public pool in Cassville show him getting into another vehicle after leaving his own car unlocked with his wallet, two phones, a laptop, and other items inside. That\'s according to his brother, Richard Forsyth, who added that the doctor had texted his new fiancée that morning, saying he would see her soon. His car was found later that day. Investigators haven\'t said who was driving the other vehicle. A search began after the emergency room physician didn\'t show up for his May 21 shift at Mercy Hospital in Cassville. There was no sign of Forsyth until a kayaker noticed his body in Arkansas on May 30 at Beaver Lake, some 20 miles from his last known location. His body had an apparent gunshot wound, authorities in Arkansas said. Although Benton County Coroner Daniel Oxford said an autopsy was completed Thursday, the results won\'t be released until the investigation ends. His family rejects any suggestion he took his own life. Richard Forsyth told The Daily Beast that the doctor\'s behavior was unusual. "He wouldn\'t miss a shift even if his eyeballs were hanging out of their sockets," he said. "It was an immediate red flag." Other family members said John Forsyth was a devoted father to his eight kids and seemed happier than he\'d been in a long time. They said he never missed a day of work and would often sleep in an RV outside the hospital when he was on call. Story continues Dr. Forsyth, who studied mathematics as an undergraduate, founded a decentralized cryptocurrency called Onfo, Forbes reported in 2020. "It became obvious to me that math-based currencies (like Bitcoin) would eventually supplant sovereign notes. I mined Bitcoin and Litecoin very early on and held onto them," he told Forbes. "The massive appreciation of those assets allowed me to invest in other cryptocurrency technology which ultimately led to the development of Onfo, a platform that helps people earn money through network mining." Authorities have not said whether they believe Forsyth was killed or took his own life. Initially, when Forsyth\'s empty car was found, investigators said there were no signs of foul play. But that was before the body was found. Shannon Jenkins, the Benton County Sheriff\'s Department spokesperson, said Friday that "there is no immediate threat to the public," but declined to provide more details. She said no further information would be released until the investigation is completed. It\'s also unclear what Forsyth\'s connection might be to the second vehicle seen on the surveillance video. Authorities have not confirmed any information about the video, including if it was taken before or after Forsyth may have texted his fiancée. There\'s also no information on how Forsyth got from Cassville to Beaver Lake, when and where he died, or if investigators have found a weapon. Forsyth was born in Idaho in 1974, according to online records. He was the third of seven children, his sister Gina Forsyth-Farlaino said. Newly engaged, Forsyth was also recently divorced. On May 10 of this year, a judge ordered Forsyth to pay his ex-wife $3,999 in child support a month, plus another $15,000 a month. Missouri court records show he was married and divorced twice to the same woman between 1995 and 2022. Both his brother and Ryan Ricketts, his ex-wife\'s divorce attorney, said the split was amicable. The pair initially married in Clark County, Nevada. He filed for divorce in April 2019 but the couple remarried in July 2020 in Greene County, Missouri. Court records show that the woman filed a second divorce petition in April 2022, in Lawrence County, Missouri. His former wife lives in Idaho and was given custody of the couple\'s minor children. Still, John Forsyth continued to have a strong relationship with them, his brother and the woman\'s divorce attorney said. Forsyth\'s ex-wife did not wish to be interviewed. "She is just devastated and — I mean, just shocked," Ricketts said. "She never saw any of this kind of thing coming." Read the original article on Insider', 'Dr. John Forsyth, a missing emergency room doctor from Missouri was found dead in Arkansas from an apparent gunshot wound, authorities confirmed Wednesday, May 31, 2023 but they\'re still investigating what happened in the week since he was last seen. Jason Musgrave via AP A doctor in the Ozarks who Forbes called a Bitcoin millionaire went missing in Missouri on May 21. His body was found with an apparent gunshot wound in an Arkansas lake on May 30. Investigators have released few details to his family or the public. A doctor in the Missouri Ozarks went missing for over a week until his body was found in an Arkansas lake. But the case remains mysterious as investigators have released few details to his family or the public. Dr. John Forsyth, 49, was last seen alive on May 21, when security cameras in the parking lot of a public pool in Cassville show him getting into another vehicle after leaving his own car unlocked with his wallet, two phones, a laptop, and other items inside. That\'s according to his brother, Richard Forsyth, who added that the doctor had texted his new fiancée that morning, saying he would see her soon. His car was found later that day. Investigators haven\'t said who was driving the other vehicle. A search began after the emergency room physician didn\'t show up for his May 21 shift at Mercy Hospital in Cassville. There was no sign of Forsyth until a kayaker noticed his body in Arkansas on May 30 at Beaver Lake, some 20 miles from his last known location. His body had an apparent gunshot wound, authorities in Arkansas said. Although Benton County Coroner Daniel Oxford said an autopsy was completed Thursday, the results won\'t be released until the investigation ends. His family rejects any suggestion he took his own life. Richard Forsyth told The Daily Beast that the doctor\'s behavior was unusual. "He wouldn\'t miss a shift even if his eyeballs were hanging out of their sockets," he said. "It was an immediate red flag." Other family members said John Forsyth was a devoted father to his eight kids and seemed happier than he\'d been in a long time. They said he never missed a day of work and would often sleep in an RV outside the hospital when he was on call. Story continues Dr. Forsyth, who studied mathematics as an undergraduate, founded a decentralized cryptocurrency called Onfo, Forbes reported in 2020. "It became obvious to me that math-based currencies (like Bitcoin) would eventually supplant sovereign notes. I mined Bitcoin and Litecoin very early on and held onto them," he told Forbes. "The massive appreciation of those assets allowed me to invest in other cryptocurrency technology which ultimately led to the development of Onfo, a platform that helps people earn money through network mining." Authorities have not said whether they believe Forsyth was killed or took his own life. Initially, when Forsyth\'s empty car was found, investigators said there were no signs of foul play. But that was before the body was found. Shannon Jenkins, the Benton County Sheriff\'s Department spokesperson, said Friday that "there is no immediate threat to the public," but declined to provide more details. She said no further information would be released until the investigation is completed. It\'s also unclear what Forsyth\'s connection might be to the second vehicle seen on the surveillance video. Authorities have not confirmed any information about the video, including if it was taken before or after Forsyth may have texted his fiancée. There\'s also no information on how Forsyth got from Cassville to Beaver Lake, when and where he died, or if investigators have found a weapon. Forsyth was born in Idaho in 1974, according to online records. He was the third of seven children, his sister Gina Forsyth-Farlaino said. Newly engaged, Forsyth was also recently divorced. On May 10 of this year, a judge ordered Forsyth to pay his ex-wife $3,999 in child support a month, plus another $15,000 a month. Missouri court records show he was married and divorced twice to the same woman between 1995 and 2022. Both his brother and Ryan Ricketts, his ex-wife\'s divorce attorney, said the split was amicable. The pair initially married in Clark County, Nevada. He filed for divorce in April 2019 but the couple remarried in July 2020 in Greene County, Missouri. Court records show that the woman filed a second divorce petition in April 2022, in Lawrence County, Missouri. His former wife lives in Idaho and was given custody of the couple\'s minor children. Still, John Forsyth continued to have a strong relationship with them, his brother and the woman\'s divorce attorney said. Forsyth\'s ex-wife did not wish to be interviewed. "She is just devastated and — I mean, just shocked," Ricketts said. "She never saw any of this kind of thing coming." Read the original article on Insider', 'Crypto analytics firm Elliptic is integrating artificial intelligence into its toolkit for tracking blockchain transactions and handling risk detection.\nUsing OpenAI’s ChatGPT chatbot, the company says that it will be able to organize data faster and in greater amounts. However, it has implemented certain use limitations and does not utilize ChatGPT plug-ins, either.\n"As an organization trusted by the world’s largest banks, regulators, financial institutions, governments, and law enforcers, it’s important to keep our intelligence and data secure," an Elliptic spokesperson toldDecrypt. "That’s why we don’t use ChatGPT to create or modify data, search for intelligence, or monitor transactions.”\nLaunched in 2013, Elliptic provides institutions and law enforcement with blockchain analytics research for tracking cybercriminals and regulatory compliance related to cryptocurrency. In May, for example, Elliptic reported several Chinese businesses selling the chemicals to makefentanylaccepted cryptocurrencies, includingBitcoin. U.S. SenatorElizabeth Warrenused the report to again call for stricter regulations on cryptocurrencies.\nElliptic will use ChatGPT to complement its human-based data collection and organization processes to augment its team\'s efforts, which it says will allow it to double down on accuracy and scalability. At the same time, the large language models (LLM) organize the data.\n"Our employees leverage ChatGPT to enhance our datasets and insights," the spokesperson said. "We follow and adhere to an AI usage policy and have a robust model validation framework."\nBecause Elliptic is not using ChatGPT to generate information, the company said that it is not concerned about AI “hallucinations” or false information. AIhallucinationsrefer to instances in which an AI generates unexpected or untrue results not backed by real-world data.\nOpenAI Pledges $1M Towards AI-Driven Cybersecurity Initiatives\nAI chatbots like ChatGPT have come under increased scrutiny for convincingly providing falsified information about people, places, and events. OpenAI has stepped up efforts usingmathematicsto address these so-called hallucinations in training its models, calling it a critical step towards building aligned artificial general intelligence (AGI).\n"Our customers come to us to know exactly their risk exposure," Elliptic CTO Jackson Hull said in a statement. "Integrating ChatGPT allows us to scale up our intelligence, giving our customers a view on risk they can\'t get anywhere else."', 'Crypto analytics firm Elliptic is integrating artificial intelligence into its toolkit for tracking blockchain transactions and handling risk detection. Using OpenAI’s ChatGPT chatbot, the company says that it will be able to organize data faster and in greater amounts. However, it has implemented certain use limitations and does not utilize ChatGPT plug-ins, either. "As an organization trusted by the world’s largest banks, regulators, financial institutions, governments, and law enforcers, it’s important to keep our intelligence and data secure," an Elliptic spokesperson told Decrypt . "That’s why we don’t use ChatGPT to create or modify data, search for intelligence, or monitor transactions.” We’re very pleased to announce the integration of ChatGPT into our off-chain intelligence and research gathering efforts. Read the full press release here https://t.co/YV5BYPCjW2 #knowexactly #ChatGPT #blockchain — Elliptic (@elliptic) June 2, 2023 Launched in 2013, Elliptic provides institutions and law enforcement with blockchain analytics research for tracking cybercriminals and regulatory compliance related to cryptocurrency. In May, for example, Elliptic reported several Chinese businesses selling the chemicals to make fentanyl accepted cryptocurrencies, including Bitcoin . U.S. Senator Elizabeth Warren used the report to again call for stricter regulations on cryptocurrencies. Elliptic will use ChatGPT to complement its human-based data collection and organization processes to augment its team\'s efforts, which it says will allow it to double down on accuracy and scalability. At the same time, the large language models (LLM) organize the data. Story continues "Our employees leverage ChatGPT to enhance our datasets and insights," the spokesperson said. "We follow and adhere to an AI usage policy and have a robust model validation framework." Because Elliptic is not using ChatGPT to generate information, the company said that it is not concerned about AI “hallucinations” or false information. AI hallucinations refer to instances in which an AI generates unexpected or untrue results not backed by real-world data. OpenAI Pledges $1M Towards AI-Driven Cybersecurity Initiatives AI chatbots like ChatGPT have come under increased scrutiny for convincingly providing falsified information about people, places, and events. OpenAI has stepped up efforts using mathematics to address these so-called hallucinations in training its models, calling it a critical step towards building aligned artificial general intelligence (AGI). "Our customers come to us to know exactly their risk exposure," Elliptic CTO Jackson Hull said in a statement. "Integrating ChatGPT allows us to scale up our intelligence, giving our customers a view on risk they can\'t get anywhere else."', "New York, NY --News Direct-- Finance News Altcoins are alternative cryptocurrencies to Bitcoin - the largest cryptocurrency in the world. We have seen thousands of new cryptos emerge in the past few years, with new tokens offering ever-growing use cases and growth potential. This guide will review 10 of the best altcoins to buy now as we take an in-depth look at the supported features and the utility these tokens provide. 10 Best Altcoins to Buy Now The sections below offer a glimpse into the top altcoins we will be reviewing in this guide: Wall Street Memes - With the backing of 1 million loyal community,, Wall Street Memes has raised over $2.6 million in a week through the $WSM token presale. Elon Musk interacted with the project on Twitter. AiDoge - The $AI presale has already raised $15 million in its presale. It’s building an AI-based meme-generating crypto platform. yPredict - With $YPRED, users can purchase monthly subscriptions to crypto models giving detailed insights into the future of the crypto space. $YPRED selling out fast and is priced at $0.09 on presale. Launchpad XYZ - This cryptocurrency platform acts as a single entry point for accessing Web3 services such as DEXs, buying fractionalized assets, and creating crypto wallets. Buy $LPX on presale and access multiple trading discounts. ecoterra - Earn $ECOTERRA, the native token, on presale by recycling waste using this platform’s Recycle2Earn application. DeeLance - This platform leverages blockchain technology to decentralize the freelancing industry. Buy $DLANCE on presale to mint your work into NFTs and connect on a metaverse. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Dogecoin - Top Meme Coin which has Offered an ROI of Over 12,000% 10 Best New Altcoins: In-Depth Reviews In the sections below, we will look at the 10 best altcoins to watch right now. We will review the available features, utility, and prices of each of the 10 cryptos in our list: Story continues 1. Wall Street Memes - New Meme Altcoin with 10X Potential which has Raised More than $2.6 Million in a Week Since its Presale Launch The first altcoin on our list is $WSM, the native token released by the creators of Wall Street Memes . This is a popular crypto and meme platform which launched on social media back in 2019. Since then, Wall Street Memes has become a large meme movement, garnering over 1 million followers across Instagram and Twitter. It has even attracted the attention of global celebrities, with the likes of Elon Musk engaging with the meme project on Twitter . The platform launched its legacy NFT project, Wall St Bulls, in 2021. The first NFT collection of this project managed to sell out in just half an hour, where 10,000 Ethereum-based NFTs were distributed. Wall Street Memes has now decided to spread the wealth among its community by launching the $WSM token . While $WSM does not offer any utility, the token will be 100% for the community. Half the 2 billion token supply is allocated for the ongoing token presale. A further 30% of the token supply will be offered as community rewards, while 20% will be reserved for listings on centralized and decentralized crypto exchanges. The presale will consist of 30 rounds, giving investors ample time to purchase this trending token. The first presale round raised $500K in two days, with $WSM priced at just $0.025 per token. Currently, the token is priced at $0.0265 per token. By the final round, the price will increase to $0.0337. Due to the popularity of this project, the Wall Street Memes token will likely be listed on tier-one exchanges such as Coinbase or Binance. The presale aims to raise more than $30 million. Join the Wall Street Memes Telegram group for more updates on this project. Visit the Wall Street Memes Presale 2. AiDoge - Revolutionary Crypto Platform Generating Memes by Leveraging Artificial Intelligence AiDoge aims to revolutionize the meme crypto space by leveraging artificial intelligence to generate memes in its ecosystem. Memes can be generated on the AI-powered meme generator with credits, which can be purchased with $AI tokens. The platform uses AI tools, such as NLP (Natural Language Processing), to convert text-based prompts into memes. The AiDoge whitepaper states that it will introduce a public wall where members can share their memes. A voting mechanism will be introduced through which users can upvote and downvote memes on the public wall. At the end of every month, users receiving the highest votes will get $AI tokens as a reward. $AI can also be staked on the ecosystem to access premium features such as new meme templates and platform enhancements. After raising $14.9 million through the presale, AiDoge will list the $AI token on exchanges. The exchange listing will take place on June 19th, 2023. The token will be listed at a price of $0.0000336. Join the AiDoge Telegram channel to stay updated with all the new developments surrounding this cryptocurrency. Visit AiDoge 3. yPredict - Get Access to Future Crypto Models with this Next-Gen Trading Platform, Buy $YPRED on Presale Now yPredict ($YPRED) is a next-gen trading and research platform that lets users get data-driven insights on the future of the cryptocurrency space. These insights can be accessed through monthly predictive models, which can be purchased with $YPRED - the native token. The predictive models are launched on a financial marketplace after they have each been verified by the members of yPredict’s DAO (Decentralized Autonomous Organization). The trading insights are formed by leveraging AI trading signals and tools such as sentiment analysis, which determine the buying behavior of particular coins. yPredict also uses a patent-pending pattern recognition algorithm, which lets members access over 25 charting patterns to conduct technical analysis. One of the best altcoins to watch, $YPRED can also be used to generate passive income in the ecosystem. 10% of all new subscription revenue will be distributed among existing token holders. 15% of all swapping fees collected will also be shared with $YPRED holders through a staking pool. Members can also access a play-to-earn ecosystem to make directional bets on the future of crypto markets and earn token rewards. Currently, $YPRED is priced at $0.09 during the ongoing presale. The listing price for $YPRED is set at $0.12, equating to a 33.3% price jump from current levels. yPredict has managed to raise nearly $2 million through the ongoing presale. Interested investors can join the yPredict Telegram channel for more information. Visit yPredict Presale 4. Launchpad XYZ - This Web3.0 Ecosystem will Act as an All-in-one Entry Portal for a Range of DeFi Services $LPX is the native token of Launchpad XYZ’s all-in-one Web3 ecosystem. After the rise of Web3 services in the past few weeks, Launchpad XYZ aims to launch a portal through which all the important services can be accessed instantly. Firstly, the platform lets investors create their own Web3 wallet after providing an email address or phone number. Through the wallet, users can easily swap tokens and interact with a range of DApps (Decentralized Applications). Members can enter Launchpad XYZ’s decentralized exchange (DEX), where hundreds of crypto pairs can be accessed. Those who stake $LPX on the platform can get discounts on trading fees. The platform will also host new Web3 presales and let staked token holders get guaranteed access to these presales. Launchpad XYZ aims to offer data-driven insights and information on hundreds of crypto tokens. With $LPX, users can also purchase fractionalized assets, purchase NFTs, and stake their digital assets as collateral to take out loans. $LPX is priced at $0.0445 during the ongoing presale, with the listing price set at $0.0565. The presale has raised over $840K. Stay tuned for new platform updates by joining this cryptocurrency’s Telegram channel and reading the Launchpad XYZ whitepaper . Buy Launchpad XYZ on Presale 5. ecoterra - A Sustainable Cryptocurrency Platform that rewards Users with Free Crypto Tokens for Recycling ecoterra is releasing a crypto ecosystem, rewarding members for completing sustainable deeds and protecting the environment. Rewards will be offered as $ECOTERRA, the native token. One of the key components of ecoterra is its Recycle2Earn application, which is compatible with Reversed Vending Machines (RVMs) worldwide. All members must do is recycle waste using nearby RVMs, and scan the transaction on the ecoterra app. Doing so will result in free $ECOTERRA tokens in your wallets. Members can stake this altcoin on the ecosystem and use it toward ecological activities such as planting trees and ocean cleanups. $ECOTERRA can also be used to purchase tokenized carbon credits, and companies can use cryptocurrency to purchase recycled materials directly. The ecoterra whitepaper states that $ECOTERRA has a total supply of 2 billion, 40% of which has been allocated for the presale. Currently, $ECOTERRA is priced at $0.0085 per token. The listing price is set at $0.01, a 17.6% price increase. ecoterra has raised $4.66 million since the start of the presale. To stay updated with this sustainable cryptocurrency, join the ecoterra Telegram channel . Visit ecoterra Presale 6. DeeLance - Access Decentralized Freelancing Services such as a Metaverse Ecosystem and NFT Marketplace by holding the $DLANCE Crypto Token The potential to be the next big altcoin, $DLANCE will be a vital part of DeeLance’s decentralized freelancing ecosystem. Freelancers can leverage $DLANCE tokens on this platform to connect with clients on a metaverse. $DLANCE can be used to purchase virtual land and lease office spaces. Furthermore, the token will be used on DeeLance’s NFT marketplace to tokenize individual works. This removes any chances of copyright infringement and lets freelancers easily transfer ownership to the clients. Compared to some of the best freelance platforms, such as Upwork and Fiverr, DeeLance charges the lowest fees. It takes a 10% commission from freelancers and only 2% fees from clients. Priced at just $0.038, $DLANCE will be listed at $0.057 per token. Over $1.2 million has been raised since the start of the presale. Read the DeeLance whitepaper and join the Telegram channel for more information on this cryptocurrency. Visit DeeLance Presale 7. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Ethereum (ETH) has been synonymous with being one of the biggest assets that a crypto investor should hold in their portfolio. The largest altcoin in the world, this cryptocurrency has a live market cap of more than $227 billion. Ethereum is one of the most popular blockchains, as it lets developers deploy smart contracts, create DApps, launch NFT collections, and much more. Many have stated that although Ethereum is one of the most popular blockchains, it offers low throughput and high transaction costs. To solve these issues, the platform underwent the much-awaited Ethereum Merge, which saw it transition to a Proof-of-Stake (PoS) consensus. This has helped reduce the platform’s energy consumption by 99.5%. Since the start of 2023, Ethereum has jumped from $1,200 to a live price of $1,889 per token, representing a 57.4% price jump. Despite the price jump, ETH is still 60% below its all-time high (ATH) of $4,878. 8. Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Polygon (MATIC) is a well-structured crypto network built on top of the Ethereum blockchain to help scale the platform. One of the key elements Polygon uses is SDKs (Software Development Kits), which lets them support multiple types of applications. Moreover, Polygon offers a high throughput and can process up to 7,000 transactions per second (TPS). $MATIC, the native cryptocurrency, is vital in securing the network, processing transactions, and connecting with other blockchain networks. Currently, Polygon (MATIC) is ranked as the 10th largest crypto in the world, with a market cap of more than $8.3 billion. After being worth just $0.0043 per token in May 2019, this cryptocurrency reached an ATH of $2.9 in December 2021. This equates to a mammoth price increase of 67,341%. Currently, the token is priced at $0.9, nearly 70% below its previous ATH. 9. Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Solana (SOL) is a layer-one blockchain platform created to run scalable and decentralized applications. Similar to Ethereum, Solana also supports smart contracts, allowing developers to deploy DApps on the blockchain. Users can purchase various Solana-Based NFTs from the various NFT marketplaces created on this blockchain. Notably, Solana has the potential to handle up to 65,000 TPS. The platform can support many validators without compromising the network’s security. Network fees are paid in SOL, the native token. On average, the blockchain charges a transaction fee of just 0.0001 SOL, which equates to just a few cents. In November 2021, when the crypto markets were at the peak of a bull run, SOL reached an ATH of $259. At the time of writing, the token is trading around the $21 mark. Currently, SOL is more than 90% below its ATH. The cryptocurrency has a market cap of $8.3 billion. 10. Dogecoin - Top Meme Coin which has Offered an ROI of Over 12,000% 2021 was one of the biggest years for the crypto space, as it witnessed the arrival of meme tokens, which soared due to their large spread community support. But the meme token movement started with Dogecoin (DOGE), which launched in 2013. This token was based on the popular DOGE meme and was created as a joke. After years of sideways movement, Dogecoin burst onto the scene in 2021. From January 1st, 2021, to December 31st, $DOGE rose from a price of $0.0046 to $0.17. This equates to a price increase of 3,595%. Since 2021, the price of DOGE has been extremely volatile. As the crypto markets plummeted in 2022, $DOGE dropped by 64%. While the token is still 91% below its ATH, it's still one of the most popular cryptocurrencies. With over 3.8 million Twitter followers and 2.4 million members on Reddit, Dogecoin is one of the most popular altcoins in the world. Conclusion This guide has reviewed the 10 best altcoins to invest in 2023. We have covered some of the top presale cryptocurrencies, along with the biggest altcoins in terms of market cap and the use cases they offer. From the cryptos we have reviewed, Wall Street Memes ($WSM) stands out as the best option. Wall Street Memes is a meme cryptocurrency with over 1 million followers across social media. The presale has already managed to raise over $2.6 million in a week. Could $WSM follow in the footsteps of other viral meme coins such as Dogecoin and Shiba Inu? Visit Wall Street Memes Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown [email protected] View source version on newsdirect.com: https://newsdirect.com/news/10-best-altcoins-to-invest-in-2023-compare-new-altcoin-projects-366722619", "New York, NY --News Direct-- Finance News Altcoins are alternative cryptocurrencies to Bitcoin - the largest cryptocurrency in the world. We have seen thousands of new cryptos emerge in the past few years, with new tokens offering ever-growing use cases and growth potential. This guide will review 10 of the best altcoins to buy now as we take an in-depth look at the supported features and the utility these tokens provide. 10 Best Altcoins to Buy Now The sections below offer a glimpse into the top altcoins we will be reviewing in this guide: Wall Street Memes - With the backing of 1 million loyal community,, Wall Street Memes has raised over $2.6 million in a week through the $WSM token presale. Elon Musk interacted with the project on Twitter. AiDoge - The $AI presale has already raised $15 million in its presale. It’s building an AI-based meme-generating crypto platform. yPredict - With $YPRED, users can purchase monthly subscriptions to crypto models giving detailed insights into the future of the crypto space. $YPRED selling out fast and is priced at $0.09 on presale. Launchpad XYZ - This cryptocurrency platform acts as a single entry point for accessing Web3 services such as DEXs, buying fractionalized assets, and creating crypto wallets. Buy $LPX on presale and access multiple trading discounts. ecoterra - Earn $ECOTERRA, the native token, on presale by recycling waste using this platform’s Recycle2Earn application. DeeLance - This platform leverages blockchain technology to decentralize the freelancing industry. Buy $DLANCE on presale to mint your work into NFTs and connect on a metaverse. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Dogecoin - Top Meme Coin which has Offered an ROI of Over 12,000% 10 Best New Altcoins: In-Depth Reviews In the sections below, we will look at the 10 best altcoins to watch right now. We will review the available features, utility, and prices of each of the 10 cryptos in our list: Story continues 1. Wall Street Memes - New Meme Altcoin with 10X Potential which has Raised More than $2.6 Million in a Week Since its Presale Launch The first altcoin on our list is $WSM, the native token released by the creators of Wall Street Memes . This is a popular crypto and meme platform which launched on social media back in 2019. Since then, Wall Street Memes has become a large meme movement, garnering over 1 million followers across Instagram and Twitter. It has even attracted the attention of global celebrities, with the likes of Elon Musk engaging with the meme project on Twitter . The platform launched its legacy NFT project, Wall St Bulls, in 2021. The first NFT collection of this project managed to sell out in just half an hour, where 10,000 Ethereum-based NFTs were distributed. Wall Street Memes has now decided to spread the wealth among its community by launching the $WSM token . While $WSM does not offer any utility, the token will be 100% for the community. Half the 2 billion token supply is allocated for the ongoing token presale. A further 30% of the token supply will be offered as community rewards, while 20% will be reserved for listings on centralized and decentralized crypto exchanges. The presale will consist of 30 rounds, giving investors ample time to purchase this trending token. The first presale round raised $500K in two days, with $WSM priced at just $0.025 per token. Currently, the token is priced at $0.0265 per token. By the final round, the price will increase to $0.0337. Due to the popularity of this project, the Wall Street Memes token will likely be listed on tier-one exchanges such as Coinbase or Binance. The presale aims to raise more than $30 million. Join the Wall Street Memes Telegram group for more updates on this project. Visit the Wall Street Memes Presale 2. AiDoge - Revolutionary Crypto Platform Generating Memes by Leveraging Artificial Intelligence AiDoge aims to revolutionize the meme crypto space by leveraging artificial intelligence to generate memes in its ecosystem. Memes can be generated on the AI-powered meme generator with credits, which can be purchased with $AI tokens. The platform uses AI tools, such as NLP (Natural Language Processing), to convert text-based prompts into memes. The AiDoge whitepaper states that it will introduce a public wall where members can share their memes. A voting mechanism will be introduced through which users can upvote and downvote memes on the public wall. At the end of every month, users receiving the highest votes will get $AI tokens as a reward. $AI can also be staked on the ecosystem to access premium features such as new meme templates and platform enhancements. After raising $14.9 million through the presale, AiDoge will list the $AI token on exchanges. The exchange listing will take place on June 19th, 2023. The token will be listed at a price of $0.0000336. Join the AiDoge Telegram channel to stay updated with all the new developments surrounding this cryptocurrency. Visit AiDoge 3. yPredict - Get Access to Future Crypto Models with this Next-Gen Trading Platform, Buy $YPRED on Presale Now yPredict ($YPRED) is a next-gen trading and research platform that lets users get data-driven insights on the future of the cryptocurrency space. These insights can be accessed through monthly predictive models, which can be purchased with $YPRED - the native token. The predictive models are launched on a financial marketplace after they have each been verified by the members of yPredict’s DAO (Decentralized Autonomous Organization). The trading insights are formed by leveraging AI trading signals and tools such as sentiment analysis, which determine the buying behavior of particular coins. yPredict also uses a patent-pending pattern recognition algorithm, which lets members access over 25 charting patterns to conduct technical analysis. One of the best altcoins to watch, $YPRED can also be used to generate passive income in the ecosystem. 10% of all new subscription revenue will be distributed among existing token holders. 15% of all swapping fees collected will also be shared with $YPRED holders through a staking pool. Members can also access a play-to-earn ecosystem to make directional bets on the future of crypto markets and earn token rewards. Currently, $YPRED is priced at $0.09 during the ongoing presale. The listing price for $YPRED is set at $0.12, equating to a 33.3% price jump from current levels. yPredict has managed to raise nearly $2 million through the ongoing presale. Interested investors can join the yPredict Telegram channel for more information. Visit yPredict Presale 4. Launchpad XYZ - This Web3.0 Ecosystem will Act as an All-in-one Entry Portal for a Range of DeFi Services $LPX is the native token of Launchpad XYZ’s all-in-one Web3 ecosystem. After the rise of Web3 services in the past few weeks, Launchpad XYZ aims to launch a portal through which all the important services can be accessed instantly. Firstly, the platform lets investors create their own Web3 wallet after providing an email address or phone number. Through the wallet, users can easily swap tokens and interact with a range of DApps (Decentralized Applications). Members can enter Launchpad XYZ’s decentralized exchange (DEX), where hundreds of crypto pairs can be accessed. Those who stake $LPX on the platform can get discounts on trading fees. The platform will also host new Web3 presales and let staked token holders get guaranteed access to these presales. Launchpad XYZ aims to offer data-driven insights and information on hundreds of crypto tokens. With $LPX, users can also purchase fractionalized assets, purchase NFTs, and stake their digital assets as collateral to take out loans. $LPX is priced at $0.0445 during the ongoing presale, with the listing price set at $0.0565. The presale has raised over $840K. Stay tuned for new platform updates by joining this cryptocurrency’s Telegram channel and reading the Launchpad XYZ whitepaper . Buy Launchpad XYZ on Presale 5. ecoterra - A Sustainable Cryptocurrency Platform that rewards Users with Free Crypto Tokens for Recycling ecoterra is releasing a crypto ecosystem, rewarding members for completing sustainable deeds and protecting the environment. Rewards will be offered as $ECOTERRA, the native token. One of the key components of ecoterra is its Recycle2Earn application, which is compatible with Reversed Vending Machines (RVMs) worldwide. All members must do is recycle waste using nearby RVMs, and scan the transaction on the ecoterra app. Doing so will result in free $ECOTERRA tokens in your wallets. Members can stake this altcoin on the ecosystem and use it toward ecological activities such as planting trees and ocean cleanups. $ECOTERRA can also be used to purchase tokenized carbon credits, and companies can use cryptocurrency to purchase recycled materials directly. The ecoterra whitepaper states that $ECOTERRA has a total supply of 2 billion, 40% of which has been allocated for the presale. Currently, $ECOTERRA is priced at $0.0085 per token. The listing price is set at $0.01, a 17.6% price increase. ecoterra has raised $4.66 million since the start of the presale. To stay updated with this sustainable cryptocurrency, join the ecoterra Telegram channel . Visit ecoterra Presale 6. DeeLance - Access Decentralized Freelancing Services such as a Metaverse Ecosystem and NFT Marketplace by holding the $DLANCE Crypto Token The potential to be the next big altcoin, $DLANCE will be a vital part of DeeLance’s decentralized freelancing ecosystem. Freelancers can leverage $DLANCE tokens on this platform to connect with clients on a metaverse. $DLANCE can be used to purchase virtual land and lease office spaces. Furthermore, the token will be used on DeeLance’s NFT marketplace to tokenize individual works. This removes any chances of copyright infringement and lets freelancers easily transfer ownership to the clients. Compared to some of the best freelance platforms, such as Upwork and Fiverr, DeeLance charges the lowest fees. It takes a 10% commission from freelancers and only 2% fees from clients. Priced at just $0.038, $DLANCE will be listed at $0.057 per token. Over $1.2 million has been raised since the start of the presale. Read the DeeLance whitepaper and join the Telegram channel for more information on this cryptocurrency. Visit DeeLance Presale 7. Ethereum - Largest Altcoin in the Crypto Space, Boasting a Market Cap of Over $225 Billion Ethereum (ETH) has been synonymous with being one of the biggest assets that a crypto investor should hold in their portfolio. The largest altcoin in the world, this cryptocurrency has a live market cap of more than $227 billion. Ethereum is one of the most popular blockchains, as it lets developers deploy smart contracts, create DApps, launch NFT collections, and much more. Many have stated that although Ethereum is one of the most popular blockchains, it offers low throughput and high transaction costs. To solve these issues, the platform underwent the much-awaited Ethereum Merge, which saw it transition to a Proof-of-Stake (PoS) consensus. This has helped reduce the platform’s energy consumption by 99.5%. Since the start of 2023, Ethereum has jumped from $1,200 to a live price of $1,889 per token, representing a 57.4% price jump. Despite the price jump, ETH is still 60% below its all-time high (ATH) of $4,878. 8. Polygon - Top 10 Altcoin offering High Throughput and Low Transaction Fees Polygon (MATIC) is a well-structured crypto network built on top of the Ethereum blockchain to help scale the platform. One of the key elements Polygon uses is SDKs (Software Development Kits), which lets them support multiple types of applications. Moreover, Polygon offers a high throughput and can process up to 7,000 transactions per second (TPS). $MATIC, the native cryptocurrency, is vital in securing the network, processing transactions, and connecting with other blockchain networks. Currently, Polygon (MATIC) is ranked as the 10th largest crypto in the world, with a market cap of more than $8.3 billion. After being worth just $0.0043 per token in May 2019, this cryptocurrency reached an ATH of $2.9 in December 2021. This equates to a mammoth price increase of 67,341%. Currently, the token is priced at $0.9, nearly 70% below its previous ATH. 9. Solana - Layer-1 Blockchain Processing Up to 65,000 Transactions per Second Solana (SOL) is a layer-one blockchain platform created to run scalable and decentralized applications. Similar to Ethereum, Solana also supports smart contracts, allowing developers to deploy DApps on the blockchain. Users can purchase various Solana-Based NFTs from the various NFT marketplaces created on this blockchain. Notably, Solana has the potential to handle up to 65,000 TPS. The platform can support many validators without compromising the network’s security. Network fees are paid in SOL, the native token. On average, the blockchain charges a transaction fee of just 0.0001 SOL, which equates to just a few cents. In November 2021, when the crypto markets were at the peak of a bull run, SOL reached an ATH of $259. At the time of writing, the token is trading around the $21 mark. Currently, SOL is more than 90% below its ATH. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $527,188,193,400 - Hash Rate: 331093463.8956832 - Transaction Count: 381453.0 - Unique Addresses: 635282.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rebounded above the US$30,000 mark and Ether gained ground on Wednesday morning in Asia after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, was criticized in a congressional hearing for a raft of regulations he plans to introduce, including his approach to cryptocurrencies. All top 10 non-stablecoin tokens gained as Gensler faced pushback over thefines and lawsuitshe has filed against crypto platforms. Polkadot led the winners. U.S. equity futures traded lower in Asia after Wall Street closed flat on Tuesday. See related article:SEC’s Gary Gensler dodges question on whether Ethereum is a security • Bitcoin rose 3.30% to US$30,248 in the 24 hours to 09:00 a.m. in Hong Kong, according toCoinMarketCap data. Despite a dip below the US$30,000 mark this week after the SEC sued the Bittrex exchange, the world’s biggest cryptocurrency with a market capitalization of US$584 billion, has gained more than 80% so far this year. • Ether moved up 1.21% to US$2,100, gaining 11.15% in the past seven days. The world’s second largest cryptocurrency has been fluctuating around the US$2,100 mark in the past five days. Data from on-chain analysis companyCryptoQuantshowed a slump inEthereum-related purchases on crypto exchangesafter the blockchain’s Shanghai upgrade on April 13. • Polkadot led the winners, gaining 3.38% to US$6.89 and adding 7.11% for the week. • In the Congressionalhearingon Tuesday, the SEC’s Gensler said in preparedtestimonythat “the vast majority of crypto tokens are securities” but dodged the question of whether Ether is a security or commodity when asked by Patrick McHenry, Chairman of the House Financial Services Committee. • Ahead of the hearing, all Republicans on the committee, led by McHenry, criticized Gensler in aletteron the SEC’s approach to digital assets, which said “the SEC has forced digital asset market participants into regulatory frameworks that are neither compatible with the underlying technology nor applicable because the firms’ activities do not involve an offering of securities,” and “the only entity to blame for the lack of registrants is the SEC itself.” • XRP rose 3.17% to US$0.5285 for a weekly gain of 2.80%. Ripple Labs, whose crypto payment platform is powered by XRP, is another crypto-related platform in dispute with regulators. TheSEC filed a lawsuitin December 2020 alleging Ripple sold US$1.38 billion in XRP as an unregistered security. The case is still before a U.S. court and a ruling is expected later this year. • The total crypto market capitalization rose 2.29% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours moved up 5.53% to US$46.85 billion. • In the NFT market, the Forkast 500 NFT index edged up 0.32% to 4,061.33 in the 24 hours to 09:00 a.m. in Hong Kong, a gain of 2.04% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. • Theaverage sales priceof NFTs in U.S. dollars has increased in April, rising from around US$110 on April 1 to over US$131 on Wednesday, a move that can be attributed to a general rally in cryptocurrencies, said Yehudah Petscher, an NFT Strategist at Forkast Labs. • U.S. stock futures traded lower to little changed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.11%. The S&P 500 futures inched 0.07% lower. The Nasdaq Composite Index dropped 0.09%. • The three U.S. equity indexes closed mixed on Tuesday. First quarter earnings at U.S. companies are generally better than expected, but Atlanta Federal Reserve PresidentRaphael Bosticand St. Louis Fed PresidentJames Bullardsaid in separate interviews they envisioned interest rate hikes to continue in 2023. • U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupnow see a 15.2% chance the Fed will leave interest rates unchanged at its next meeting on May 3, while 84.8% predict a 25-basis-point increase, up from 84.4% on Tuesday. See related article:U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing... - Reddit Posts (Sample): [['u/Tellin_Truths', "Homelessness - Why it's really happening. Let me know if I miss anything.", 23, '2023-06-03 01:36', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/', 'It\'s all part of the enslavement of humanity.\n\n[https://www.youtube.com/shorts/4Q-dOZCzBSo](https://www.youtube.com/shorts/4Q-dOZCzBSo)\n\n1970\'s - Richard Nixon created the war on drugs in 1971, two weeks after he took the country off the Gold Standard, and then Nixon sent Kissinger to China, also in 1971, to begin moving the U.S. manufacturing to China. Everything points to 1971. Think Nixon, Kissinger, and Kennedy getting offed.\n\n[https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/)\n\n1980\'s - Ronald Reagan makes Nixon\'s War on Drugs main stream by utilizing Nancy\'s DARE. They put eggs on frying pans and used the phrase, "this is your brain, this is your brain on drugs, any questions," then began flying in drugs (mainly cocaine) from Columbia and Nicaragua. The CIA then turned a good portion of the coke into crack, using the LA Gangs, and had them deliver it to all the major metropolitan centers throughout the U.S. Reagan even gave Barry Seal an airport in Arkansas because Bill Clinton was Governor of Arkansas at the time, and President Bush continued with the whole process after Reagans presidency. This is what set the stage for the increase of the U.S. prison population from under 200,000 in 1971 to over 2,000,000 slaves in custody today. Drugs.\n\n[https://www.youtube.com/watch?v=WBreuW9LLSw](https://www.youtube.com/watch?v=WBreuW9LLSw)\n\n1980\'s - Richard Nixon\'s removal of the gold standard, Paul Volkert\'s raising of the interest rates to 20%, the invention of credit scores, and Ronald Reagan\'s trickle down economics set the stage to make America\'s middle class poorer and poorer while simultaneously creating the environment so the rich could get super fucking rich... and I mean super duper fucking rich.\n\n[https://www.youtube.com/watch?v=LXJRbju5YfE](https://www.youtube.com/watch?v=LXJRbju5YfE)\n\n1990\'s - Bill Clinton made "The Biden Crime Act" law, and went after the kids too, as mass incarceration of adults wasn\'t enough. He wanted kids in prison also. This gave a boost to the For-Profit-Prison-Industrial-Complex and struck a massive blow to the middle class, that were in the process of being systematically transitioned to lower class.\n\n[https://www.youtube.com/watch?v=0DcN6wNKxZA](https://www.youtube.com/watch?v=0DcN6wNKxZA)\n\n1990\'s - Agenda 21 was also created in the 1990\'s by the United Nations and the Rockefeller Foundation. This is the original "Great Reset". Klaus Schwab later came in, partnered with the UN, and became the public front man for UN Agenda 21, but changed it\'s original name to the "Great Reset". This is the reason much of the crazy oppressions kind of stopped in 2021. UN Agenda 2021 was over and UN Agenda 2030 was beginning. The Great Reset.\n\n[https://en.wikipedia.org/wiki/Agenda\\_21](https://en.wikipedia.org/wiki/Agenda_21)\n\n2000\'s - It was now time to go after middle class homes. A guy named Larry Fink worked for Black Stone and created these things called Mortgage Backed Securities. He then started a company called Black Rock when he left Black Stone. In 2007, Jacob Rothschild went to work for Black Stone to oversee the collapse of the US housing market, using Larry Fink\'s Mortgage Backed Securities. When Black Rock collapsed the market, Black Stone created Invitation Homes to buy up all of the financially distressed homes for pennies on the dollar. This was the beginning of the rental economy, as Invitation Homes rented the houses out to the same people they foreclosed on for hundreds of dollars more per month than they were paying to buy their house, and Jacob Rothschild left the Black Stone Board in 2009 after the collapse was complete.\n\n[https://www.youtube.com/watch?v=csRQhz\\_2Ls8](https://www.youtube.com/watch?v=csRQhz_2Ls8)\n\n2000\'s - The 2nd George Bush created the Patriot Act, he said due to the 9/11 World Trade Center Bombing, that they orchestrated. This was to put into law, the rules they deemed necessary to circumvent the U.S. Constitution, and continue whittling away rights to enslave the people. They succeeded. TSA and Homeland Security were created which gave the policing agency\'s vast powers over the people of America. Notice they never gave back the powers. Our rights are still being progressively eroded more and more, and the policing authorities were allotted the ability to attain weapons of war and use them against the American populace.\n\n[https://www.youtube.com/shorts/yNQCBd6DzjE](https://www.youtube.com/shorts/yNQCBd6DzjE)\n\n2010\'s - Bitcoin was created in 2009 as a test for the new financial system, as the bankers were now preparing to collapse the dollar. They needed to test the Blockchain. Elon Musk and Peter Theil probably created Bitcoin, as they created Paypal too. It\'s how Musk originally got rich. So, they tested the block chain by making Bitcoin open source. This allowed all of the most prominent coders of the world to detect weaknesses in the Blockchain, which would eventually become the bedrock of the new slave system, now called Central Bank Digital Currencies (CBDC).\n\n[https://www.youtube.com/watch?v=rpNnTuK5JJU](https://www.youtube.com/watch?v=rpNnTuK5JJU)\n\n2010\'s - Simultaneously, Obama began militarizing the police and they went after everyone. The courts (judges/ prosecuting attorneys) also began recruiting and promoting sociopathic individuals that were dead set on filling up the new For-Profit-Prisons. Guilty or Innocent. Defense attorneys became afraid of the prosecuting attorneys and no longer defended their clients. Mandatory minimum sentencing guidelines were set, and strict indentured servitude requirements were implemented for those released. The infrastructure for the police state was setup and 10% of US males were now under some form of indentured servitude to the state.\n\n[https://www.youtube.com/watch?v=cIqNdnDmix0](https://www.youtube.com/watch?v=cIqNdnDmix0)\n\n2020\'s - Time to implement COVID and take out the small and medium sized businesses to make way for the Public-Private-Partnerships. Public-Private-Partnerships (PPP) will be the basis of Universal Basic Income (UBI). Everyone will be allotted shares of the new PPP\'s which will pay UBI in the form of CBDC\'s. UN Agenda-21 transformed into UN Agenda 2030, which has been rebranded into Klaus Schwab\'s "Great Reset", is now in full effect. Many of the small and medium sized businesses were taken out. Many people died from the virus and the shot. The next step will probably be to collapse the housing market. Militarized Police are dominating everywhere. Those unfortunate souls who get caught in their web have all their worldly possessions stolen from them, and many are forced into homelessness. Homeless people are flooding the streets because of all the shit I just listed... including drugs, felony records, and no hope.\n\n[https://www.youtube.com/watch?v=k6E6zZy0B5M](https://www.youtube.com/watch?v=k6E6zZy0B5M)\n\nYou will own nothing and be happy. Everything you want you\'ll rent.\n\nAKA - Total Slavery.', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/', '13ytlsx', [['u/banditorama', 13, '2023-06-03 01:48', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/jmoihew/', "The big thing you're missing is the gutting of manufacturing jobs over time too. That's what made the middle class originally", '13ytlsx'], ['u/Metalgrowler', 10, '2023-06-03 06:39', 'https://www.reddit.com/r/conspiracy/comments/13ytlsx/homelessness_why_its_really_happening_let_me_know/jmpf5mh/', 'You should add in credit scores which only became a thing in like 1989', '13ytlsx']]], ['u/Coracm41', 'Winklevoss Twins present Prime Minister of Ireland with Bitcoin PEZ Dispenser.', 213, '2023-06-03 02:48', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/', 'Reason being, Gemini has officially announced Ireland for European HQ', 'https://i.redd.it/w55sv0c1ap3b1.jpg', '13yv8z8', [['u/Walla_Walla_26', 30, '2023-06-03 06:45', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmpfq68/', 'These fucking guys. I’m surprised they are showing their faces in public. I’d be pissed if my money was still locked up in that Gemini Earn product…. Then again, Mashinsky is walking around free and his platform collapsed completely with everyone’s money', '13yv8z8'], ['u/reasec', 17, '2023-06-03 08:54', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmpqa9e/', 'Those two looks like clones from the matrix movie.', '13yv8z8'], ['u/saschofield', 24, '2023-06-03 09:57', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmputmd/', 'Hang on, the two most boring billionnaires on the planet are out here gifting PEZ dispensers..?', '13yv8z8'], ['u/Ibite8723', 13, '2023-06-03 16:08', 'https://www.reddit.com/r/Bitcoin/comments/13yv8z8/winklevoss_twins_present_prime_minister_of/jmqr23c/', 'Still more human looking than Zuckerberg,', '13yv8z8']]], ['u/ginevrababy', 'Common scams and tricks that you may find if you sell on Reddit (+ how to stay out of trouble if you post in selling subs)', 66, '2023-06-03 03:14', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/', 'I have been selling since 2020 and I have been scammed a few times too, I have OF only on the side and mainly sell on Reddit because it\'s easier and faster for me.\n\nScammers have become more and more creative and now I have become more careful. Also, it\'s easy to waste time entertaining losers who have no intention buying but get a kick out of manipulating and nagging you.\n\nI thought it may be helpful, during my first months selling I remember I was so annoyed and frustrated that even people irl noticed I was pissed. A waste of time literally.\n\nThese are common and things to watch out for: (the more obvious and known ones at first)\n\n🌹 WANNA-BE GLUCOSE PARENT: any "sugar daddy wants to spoil you" messages, with intricate introductions with the "daddy" and pet names, huge promises of money (like 1-5k weekly for online only...) or even asking for a deposit before sending the money to prove you are "real"\n\nEXAMPLE: Hey sweetheart, I\'m Steven, 32 nice to meet you 🌹🌹 I\'m looking for a sugar baby to spoil for panties, and nudes xoxo would you be interested? can i see you?\n\n🌹 THE WHINER: Will nag you to no end that they are a "legit buyer", or that they have bought from you even if you can\'t find anything in the payment methods you usually used, no mails or names and so on. Guilt trips to lower rates, there are variations of this phenomenon but fortunately rare.\n\n🌹 THE HAGGLER: I find this annoying but I admit a couple of times I lowballed when it was slow af on reddit, but I usually avoid. For instance if your rate is 2$/min for sexting they contact you and seem interested until they say "what about 30 min for 45$ instead?". I find it irritating and happens sometimes, some are just dusties and some may be short on money and try this with multiple girls until one gives up.\n\n🌹 FBI MAN: I want verification to prove "YOU ARE REAL", this is useless if you have sexsells verification, Onlyfans or MV or anything adult related because they literally have your id 💀 Will ghost you 9 times out of 10 so it\'s pointless, most of the time they just want free content\n\n🌹 TO PAY OR NOT TO PAY?: These guy ask you to provide content before payment or pay half before and half later and "promise" you they will. Obviously they ghost. Payment upfront always.\n\n🌹 CRYPTO GUYS: The ones who send fake photoshopped btc or eth payments but it never hits your wallet and nag you until you provide the content, very insistent and repetitive. Sometimes accuse you of scamming them which automatically makes you go "NOOOOO" if you are a honest seller. Don\'t fall for it! Wait until you see the money on the wallet or a blockchain transaction.\n\n🌹 THE CRYPTO EXPERT 2.0: This is a variation of the guy above but claims he is a eth expert, uses fancy words and is extremely convincing. If you are not crypto savy you can fall for it! I did and got scammed of 200$. They pretty much ask for the eth address but it\'s not the real address and any crypto you receive is fake. You see it in your wallet but it\'s not possible to convert it into money. There was a known guy who seemed like a nice dude and uses a lot of emoji who pulled this shit. It\'s on the testnet or something like that.\n\n[https://www.reddit.com/r/SellerCircleStage/comments/pyj3lr/etherium\\_scammer\\_alert/](https://www.reddit.com/r/SellerCircleStage/comments/pyj3lr/etherium_scammer_alert/)\n\n🌹 FAKE AMAZON: This is the same as the crypto but with fake amazon GC and screenshots (photoshopped), I fell for it once in 2020. Fuck that dude.\n\n🌹 PROVE ME: They will ask you to prove how ""good" you are and however wins gets paid. Targets newbies and newer accounts, fortunately I did not fail for it.\n\n🌹 BITCH GIVE ME BACK MY MONEY: They will ask for a refund DIRECTLY on the site (common on Paypal) on payment methods or question the transaction after a while the content was sent, this is possible on only some payment methods.\n\n🌹 FINGER POINTER: Accuse you of scamming them if you don\'t fail for their BS, very rude or condescending.\n\n🌹 I CAN\'T MAKE UP MY MIND: Will contact you asking for something, asking for pics of toys or outfits, changes their mind about what they want and/or aren\'t sure and after endless convo they ghost.\n\n🌹 I\'M JARED, 19 AND I never learned how to FUCKING READ: People who nag you to use payment methods never listed in your bio, they do it to piss you off or sometimes people don\'t read.\n\n🌹 FAKE BUSINESS: Fake agencies that pretend to help you promote your content /OF agencies) and just want free stuff.\n\n🌹 SOB STORIES: Complaining that they have been scammed and how they somehow want you to prove you are "real"', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/', '13yvvzb', [['u/c00ki309', 10, '2023-06-03 03:50', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/jmox4eu/', 'Okay I absolutely LOVE THIS POST!!! God DANGIT I wish I had awards for this one!', '13yvvzb'], ['u/c00ki309', 10, '2023-06-03 04:06', 'https://www.reddit.com/r/SellerCircleStage/comments/13yvvzb/common_scams_and_tricks_that_you_may_find_if_you/jmoyz9w/', 'Don’t forget the sugar daddies 1st Gen.- example: \n\n“Hello beautiful, I’m _insert name here_ I’m looking for a honest, loyal, and trustworthy sugar baby to chat with and keep me company throughout the day, you don’t need to do anything sexual, just chat with me and keep me company and you’ll receive _insert large amount here_ as your weekly allowance, can you do that? I will have my secretary add you to my payroll and you’ll receive a check you can deposit through your mobile banking app/or through bank transfer”🤦🏻\u200d♀️🤦🏻\u200d♀️🤦🏻\u200d♀️ even had someone ask me to send them my bank info and when I refused asked me to send photos of my unredacted Drivers license and SOCIAL SECURITY CARD! I flat out laughed my ass off! I may be young but I’m by no means that naïve.', '13yvvzb']]], ['u/Knotley-Hunt-Brick', 'Institutions trying to dump on us ?', 27, '2023-06-03 03:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/', "If we have learned one thing from this 10 Years \n Journey, Institutions are Not our allies and they see Retail like you and me as a money making numbers ( not people ). \n\nThis fact is much clear if you look at how VC operate nowadays, back a project , shill the hell out of it, dump their shares and never bother again.\n\nThey rinse and repeat that process until their bellies are full. \n\nNow institutions are being hypocritical Shooting Headlines of BTC 100K is real price or Gold M Cap is what Bitcoin M Cap would be in X amount of years or the bull is around the corner. \n\nWhen in fact , they are slowly selling their crypto holding amidst the current economic uncertainty. \n\nI'm aware some are buying but the ones who are buying don't make crazy headlines mentioned above. \n\nIts only made by those who are selling now. \n\nSo don't caught yourself up when the institutions that are infamous for their shameless ,greedy, unethical money making behavior is predicting that your holding will become 100X in coming future.", 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/', '13ywzy2', [['u/Illicitterror', 22, '2023-06-03 04:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/jmoygot/', 'Trying to? They’ve been doing this from the start who do y think the early investors are in these projects.', '13ywzy2'], ['u/Smiling_Jack_', 12, '2023-06-03 04:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13ywzy2/institutions_trying_to_dump_on_us/jmp2blo/', "To be fair, half of why I'm here is to inverse this sub. \n\n\nThis is a brutal market and you need to be a cold, calculating machine if you don't want to get wreaked. \n\nDon't marry any project. Don't get caught up in the sentiment. \nDon't be like retail. Be like smart money.", '13ywzy2']]], ['u/Dry_Firefighter8113', 'Where can I buy btc with true price?', 13, '2023-06-03 04:25', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/', 'I have read the newcomers FAQ, and there are tons of recommended places to buy btc. But for beginners, who like to keep stacking bit by bit, where is the best place to buy with true price and of course without KYC. Thanks.', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/', '13yxqte', [['u/StandUp5tandUp', 13, '2023-06-03 04:38', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/jmp2o83/', 'No kyc will cost you more. Try bisq or robosats. If you don’t mind kyc go to binance', '13yxqte'], ['u/GooglephonicStereo', 10, '2023-06-03 06:39', 'https://www.reddit.com/r/Bitcoin/comments/13yxqte/where_can_i_buy_btc_with_true_price/jmpf3gp/', 'Strike, CashApp, and Swan are good', '13yxqte']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, June 03, 2023', 25, '2023-06-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/', '13z01vd', [['u/slvneutrino', 14, '2023-06-03 06:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpcbfk/', 'Haven’t checked the charts in a long while. All I know is the blockchain keeps on running, doing it’s amazing work.', '13z01vd'], ['u/_supert_', 31, '2023-06-03 07:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpkl1v/', '[meta]\n\nWhat do we plan to do as reddit implodes?\n\nReddit starts charging for API use soon and very many of us refuse to use new reddit or the official app, which are terrible.\n\nIs there a plan to camp somewhere else, or are we stuck here?', '13z01vd'], ['u/de_moon', 21, '2023-06-03 07:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpldf6/', "You think new Reddit is bad now? Just wait to see how bad it's going to get once they've destroyed the alternatives to browing it. \n\nThe good news is it forces you to stop staring at a screen as much and find better things to do.", '13z01vd'], ['u/NLNico', 20, '2023-06-03 08:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmppueg/', 'They introduced some ridiculous pricing for API usage which essentially will mean that all Android/iOS reddit apps by third-party devs will stop working by July 1. Many people don\'t like the official app.\n\nFor the desktop, https://old.reddit.com/r/BitcoinMarkets/ + RES luckily is still available as the "new" website version also sucks.', '13z01vd'], ['u/VladamirK', 18, '2023-06-03 10:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpxjyl/', "There is absolutely no way in hell that Reddit has nearly 2 billion users. I'd be surprised if it's even a quarter of that number.", '13z01vd'], ['u/JWells16', 20, '2023-06-03 10:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmpy7me/', 'I feel like that’s kind of his point though, right? 1/4 of the people on this earth aren’t Redditors. Those numbers are inflated by bots and people with multiple accounts.', '13z01vd'], ['u/Essexal', 11, '2023-06-03 12:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmq3rc7/', 'I’ve closed my short. It was still red…. \n\nI’m sure when I come back and be bothered again (Monday 5am) we’ll be….. somewhere. \n\n27k is holding steady, for now.', '13z01vd'], ['u/PurpleFlamingoFarmer', 13, '2023-06-03 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmr9kwc/', "Once this pops it's gonna be a green dildo to 38k", '13z01vd'], ['u/xtal_00', 13, '2023-06-03 20:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmrunge/', '..32k will be tough', '13z01vd'], ['u/Magikarpeles', 10, '2023-06-03 21:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/13z01vd/daily_discussion_saturday_june_03_2023/jmrzepd/', 'If they kill Apollo then that fixes my iPhone addiction\n\nIf they kill old.reddit then I am gooooone', '13z01vd']]], ['u/SuccotashComplete', 'Somebody (definitely not me) just DCA’d into their first bitcoin earlier today', 90, '2023-06-03 07:01', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/', 'Please mods I’ve been trading bitcoin since college just let me have my moment', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/', '13z1g73', [['u/Esco-RP', 20, '2023-06-03 17:06', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/jmqz05q/', 'This person can be very proud of himself/herself!\n\nBut good for him/her to not publicly announcing it.\n\nYou can never be cautious enough.', '13z1g73'], ['u/Loupland', 51, '2023-06-03 19:50', 'https://www.reddit.com/r/Bitcoin/comments/13z1g73/somebody_definitely_not_me_just_dcad_into_their/jmrlm66/', 'Tell this person "welcome to the early adopters".\n\nAnd give them these pro tips: \n\n"don\'t sell your Bitcoin when prices drop, for it will recover eventually. It always does."\n\n"Don\'t keep looking at the price chart every 10 minutes, for you\'re not selling it anyways."\n\n"Don\'t get swayed by \'similar\' projects who claim to be better then bitcoin, cause they never are".\n\n"Don\'t leave your BTC on an exchange. Make a wallet and let them pay you out. It\'s YOUR Bitcoin, not theirs."\n\nMost of us made these mistakes already. So the person in question doesn\'t have to.\nAnd lastly, when you... i mean \'this person\'... has any questions. Come to us and we will gladly help. No such thing as a dumb question for us. All love.\n\nFrom now on, you\'re no longer alone 🧡🧡🧡', '13z1g73']]], ['u/mbdtf95', 'Since Peter Schiff advised people to sell their BTC in mid January, Bitcoin has increased over 50 percent in value', 70, '2023-06-03 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/', "Back on January 12th Peter Schiff, an American economist that spends a good amount of his time on Twitter and various interviews talking trash about Bitcoin and cryptos for some reason, said that it was the right time to sell Bitcoin and in other subtweets he advised his followers to sell.\n\nhttps://preview.redd.it/fgpfjgz4uq3b1.png?width=609&format=png&auto=webp&v=enabled&s=d62c17a30009f91690edfa5760f7c3e4cfd4a787\n\nPrice of Bitcoin that day was hovering just around $18,000, meaning if you listened to Peter Schiff spreading FUD that day and then decided to sell it, it wouldn't be a very good decision that someone could make, because Bitcoin has increased over 50 percent in value since then.", 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/', '13z2wrq', [['u/dazy_thoughts', 28, '2023-06-03 08:11', 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/jmpmy1l/', "This dude has been advising to sell ever since bitcoin was less than 1k a pop. Btc has driven him crazy without any doubt. His ordinal collection speaks volumes of his madness. He's just a gold digger.", '13z2wrq'], ['u/Arcosim', 10, '2023-06-03 11:05', 'https://www.reddit.com/r/CryptoCurrency/comments/13z2wrq/since_peter_schiff_advised_people_to_sell_their/jmpzh1j/', 'He\'s a gold hoarder and is mad because he believes BTC is "stealing" from gold\'s potential market cap, he even admitted it himself.', '13z2wrq']]], ['u/rBitcoinMod', 'Daily Discussion, June 03, 2023', 35, '2023-06-03 08:09', 'https://www.reddit.com/r/Bitcoin/comments/13z2yt4/daily_discussion_june_03_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/13y4n3i/daily_discussion_june_02_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/13z2yt4/daily_discussion_june_03_2023/', '13z2yt4', [['u/escodelrio', 12, '2023-06-03 15:02', 'https://www.reddit.com/r/Bitcoin/comments/13z2yt4/daily_discussion_june_03_2023/jmqjari/', "Historical Bitcoin prices for today, June 3rd:\r \n\r \n2023 - $27,166\r \n2022 - $29,701\r \n2021 - $39,187\r \n2020 - $9,667\r \n2019 - $8,125\r \n2018 - $7,729\r \n2017 - $2,545\r \n2016 - $567\r \n2015 - $226\r \n2014 - $669\r \n2013 - $121\r \n2012 - $5.2\r \n2011 - $14.3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/03/2023 is $9,139.37.", '13z2yt4']]], ['u/Concept-Plastic', 'With everyone always wishing for Crypto to decouple from stocks ( NASDAQ ), we finally have', 36, '2023-06-03 08:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/', 'For years, Bitcoin has often been seen as a digital asset that moves in sync with the broader financial markets, particularly stock indices like the NASDAQ. It often pumps when market pumps and dumps heavily when NASDAQ dumps.\n\nBut finally, the day we all wished for has arrived, BTC has decoupled from the stock market.\n\nWhile NASDAQ has been pumping for the last 30 days straight, BTC has been dumping throughout!\n\nhttps://www.nasdaq.com/market-activity/index/comp\n\nhttps://coinmarketcap.com/currencies/bitcoin/\n\nOver-all, this is just bullish for crypto, right?', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/', '13z3jsa', [['u/rare1994', 24, '2023-06-03 08:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/jmpp1vf/', 'Not the decoupling we hoped', '13z3jsa'], ['u/Legal-Appointment655', 11, '2023-06-03 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/jmpp9fp/', 'So that means you should sell your stocks while they are high to buy bitcoin while its low', '13z3jsa'], ['u/samer109', 11, '2023-06-03 09:08', 'https://www.reddit.com/r/CryptoCurrency/comments/13z3jsa/with_everyone_always_wishing_for_crypto_to/jmprcpe/', 'Lol, exactly my thoughts while reading the post.', '13z3jsa']]], ['u/Bitcoin-herald', 'When was the first time you bought some btc?', 22, '2023-06-03 08:37', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/', 'I am curious, when was the first time you guys bought your first btc or at least some part of it? There are so many stories around the web about people buying btc in early days, and became billionaires. Is there anybody who bough them back then? Am I the only one who came into Bitcoin in 2017?', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/', '13z3llj', [['u/Scissorbreaksarock', 12, '2023-06-03 09:53', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/jmpukkv/', 'First transactions in Feb 2013.', '13z3llj'], ['u/Crypto-4-Freedom', 12, '2023-06-03 10:11', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/jmpvtiz/', 'First time was 2017 to buy some weed.', '13z3llj'], ['u/themediagrapher', 22, '2023-06-03 16:42', 'https://www.reddit.com/r/Bitcoin/comments/13z3llj/when_was_the_first_time_you_bought_some_btc/jmqvk1z/', 'Like every reasonable person at 69k', '13z3llj']]], ['u/PenaltyFickle5699', 'Today my government gave me another reason to buy evem more BTC', 168, '2023-06-03 09:22', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/', 'My country\'s version of US treasury bills just got shit (sort like) just got screwed over because banks were crying.\n\nBanks in my country are a complete joke, taking your money and investing while giving 0.5% (which are eaten away by maintence fees LOL).\n\nWith the rate hikes, this "safe" asset drove a lot of people to withdrawl money from the banks and put it there instead, getting a nice secure %.\n\nF\\cking banks, with their INSANE PROFITS over these past years a(and keep increasing), started to cry and our dumb/dity goverment decide to suspend the treasury bills and open a new version, paying less %.\n\nI can\'t help but think these corrupt politicians that bend over for bankers are thinking long-term and once they are kicked out from the office (can\'t come fast enough), they will call their bank CEO friends with the classic "remember that time i saved your ass, got a job for me at your bank"?\n\nI\'me gonna buying even more sats than i already did, i\'t my middle finger for these corrupt system.\n\n', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/', '13z4ks4', [['u/Dull_Tough_7149', 34, '2023-06-03 09:52', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/jmpug9w/', "I'm not saying you're not right, banks are filthy Fuckers.\n\nI've been hodling a bank account for over 10 years, and it's been solid as a rock.is all about keeping my fiat in the bank right for now. until adoption get reality.\n\nAnd let's not forget, banks are the OGs of security. They're always on the lookout for scams and hacks, so you can rest easy knowing your funds are protected. But hey, I ain't no noob when it comes to crypto. I've got a stash in my cold wallet too, so it's the best of both worlds, baby.\n\nBut keep up your DCAing till that day come and we convert all fiat to crypto", '13z4ks4'], ['u/partymsl', 11, '2023-06-03 10:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/jmpx811/', 'Banks are not really secure, because they most literally just give your money to companies.\n\nThe only reason for them appearing safe is that the governments print money to cover their losses.', '13z4ks4'], ['u/dfacastro', 62, '2023-06-03 12:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13z4ks4/today_my_government_gave_me_another_reason_to_buy/jmq3bei/', "You are utterly misinformed.\n\nPortugal stopped issuing 3.5% treasury bills (and will start issuing 2.5% bills) because they could get a 3% rate on the bonds open market. It's as simple as that. It's what anyone would do. \n\nKeep in mind the interest comes from taxpayer's money. Do you want your government giving taxpayer's money away, or do you want them to use it efficiently? Well, that's what they did, they're using it efficiently.\n\nIt's the free market working as intended.\n\nThere's no big conspiracy or colluding with the banks in this story. Put down your tinfoil hat.", '13z4ks4']]], ['u/lehope', 'What will happen first?', 10, '2023-06-03 10:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/', "Now that we have reached this critical phase in this bear market and support levels could be broken at any time, let's make our predictions. There are different scenarios about what could go bad. My personal opinion doesn't matter, I just want to buy cheap and I would like to see if the sentiment is still bullish or not.\n\nWhich of the following do you think will happen first?\n\n\n\n1. Ripple loses against SEC\n2. Mt Gox Bitcoin get released\n3. Tether going down\n4. Binance going down\n5. shut the fck up Binance is fine\n6. Nuclear Armageddon, bye crypto\n7. other (comment): nothing, we will be fine, Saylor gets liquidated, Satoshi rugs us, aliens reach earth with quantum ultracomputers and hack bitcoin in less than a minute, else\n\n[View Poll](https://www.reddit.com/poll/13z5j7y)", 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/', '13z5j7y', [['u/grchina', 32, '2023-06-03 10:15', 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/jmpw2wn/', 'Nukes, easiest vote of my life', '13z5j7y'], ['u/Embarrassed_Chef_393', 11, '2023-06-03 10:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13z5j7y/what_will_happen_first/jmpw6ti/', "Call in the nuke, we've been on a killstreak lately", '13z5j7y']]], ['u/middlemangv', 'Has this bear market had an impact on you that will make you change your "trading behaviour" and strategies in the future?', 21, '2023-06-03 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/', 'What key lessons have you learned in this bear market? Are you going to change your trading approach and strategies after this bear? \n\nFor me, I think I see couple of mistakes in my strategy that I seen before but I guess I didn\'t react in time, and now I see it clearly:\n\n\\- I should focus more on already well established coins, "bluechips" of crypto - Bitcoin and Ethereum\n\n\\- DCA is a good way to accumulate more crypto, but if I am not taking any profits and just buying, as I did before, then what is the point? Most of the coins I held went down a lot from their ATH, and a lot of them won\'t come back near that ATH ever again. So, not selling is my mistake. Taking small profits is going to make me feel better\n\nIf I change those two things, I may have a better time with in the crypto market.\n\nThe other stuff I think I am doing pretty fine:\n\n- using reputable cex and then sending coins to my wallet\n- dca every month\n- not checking charts all the time\n- my seed phrase is on a safe place\n- I am not playing with crazy apy tokens etc.\n- upgraded my antivirus\n- not clicking on any scammy mails, websites\n- not going crazy for airdrops because a lot of them are scams\n\nEdit: typo and forgot to put the other part that I typed in the notepad', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/', '13z6kcy', [['u/Intelligent_Page2732', 12, '2023-06-03 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/jmpz4cv/', 'This bear market teached me not to hold any ALT coins besides Ethereum, because no matter what, everything losses to the big two (Bitcoin and Ethereum). \n\nAnd this time was not different...', '13z6kcy'], ['u/StockTrix', 13, '2023-06-03 11:01', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/jmpz9hv/', 'yup. i will not longer buy shitcoin. or ape de-fi into 1476% APY shit.', '13z6kcy'], ['u/jorneyp', 12, '2023-06-03 11:02', 'https://www.reddit.com/r/CryptoCurrency/comments/13z6kcy/has_this_bear_market_had_an_impact_on_you_that/jmpzak3/', 'I am emotionless now and don’t but on impulse anymore', '13z6kcy']]], ['u/jsjshnan', 'Bitcoin giftcards in a local supermarket here in Northern Italy', 167, '2023-06-03 15:49', 'https://www.reddit.com/r/Bitcoin/comments/13zdh71/bitcoin_giftcards_in_a_local_supermarket_here_in/', 'Just saw the local supermarket here are selling Bitcoin gift cards.\nHaven’t seen them anywhere before, think this is pretty cool!\nThe future is looking bright people.', 'https://i.redd.it/w7tfa6dd5t3b1.jpg', '13zdh71', [['u/sweetsimplesauce', 13, '2023-06-03 20:44', 'https://www.reddit.com/r/Bitcoin/comments/13zdh71/bitcoin_giftcards_in_a_local_supermarket_here_in/jmrt0rm/', "I don't know about the bitcoin gift cards in Italy but they sell bitcoin gift cards at all of the post offices in Switzerland and they are KYC free. [They look like this.](https://i.redd.it/szxeoww8ks0b1.jpg) You go to https://cryptonow.ch/go to redeem them. The value of the card is used to buy bitcoin when you redeem it and your bitcoin is sent to the bitcoin address on the back of your gift card (you have to scratch off like a lotto ticket to view it) within 60 minutes. You can then transfer the bitcoin to another wallet using the private key on the back of your gift card (you have to scratch off to view it). You have to give them a phone number when you redeem the card. They don't ask for any other information from you.", '13zdh71']]], ['u/UKCSTeacher', '[Race Weekend] Round 4 - Thruxton, 3-4 June', 16, '2023-06-03 16:09', 'https://www.reddit.com/r/btcc/comments/13ze0z8/race_weekend_round_4_thruxton_34_june/', "# Qualifying Session\n\nhttps://www.youtube.com/watch?v=bENXe1IGVBk - Starts 3.15pm\n\n# Session Times\n\n^(All times BST / GMT +1)\n\n\|Event\|Time\|Length\|Grid\|Results\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Race 1\|11:45\|16 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203grdtrg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203rc1trg.pdf)\|\n\|Race 2\|14:35\|16 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203gr2trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203rc2trg.pdf)\|\n\|Race 3\|17:20\|16 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203gr3trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232203rc3trg.pdf)\|\n\n[Full weekend timetable](https://www.tsl-timing.com/file/?f=timetables/2023/232203.pdf)\n\n\n# Info & Stats\n\nWiki: [2023 Teams & Drivers](https://en.wikipedia.org/wiki/2023_British_Touring_Car_Championship#Teams_and_drivers) \| [Circuit](https://en.wikipedia.org/wiki/Thruxton_Circuit)\n\nCorners: 11\n\nCircuit length: 2.3560 miles (3.7916 km)\n\nRace distance: 16 laps\n\nFirst BTCC race: 1968\n\n\n# Live Audio and Streaming\n\n[BTCC Audio Stream](http://www.btcc.net/live-audio/) \\- trackside commentary available across the full weekend\n\n[TSL Live Timing](http://livetiming.tsl-timing.com/232203) \\- live track timing system available for all sessions\n\n[ITV4](https://www.itv.com/hub/itv4) from 11:15am\n\nPosting today as I'm out tomorrow.*", 'https://www.reddit.com/r/btcc/comments/13ze0z8/race_weekend_round_4_thruxton_34_june/', '13ze0z8', [['u/LostTheGameOfThrones', 11, '2023-06-03 17:15', 'https://www.reddit.com/r/btcc/comments/13ze0z8/race_weekend_round_4_thruxton_34_june/jmr08a4/', 'Sutton. What a boy.', '13ze0z8']]], ['u/BatyrSengoku', 'Atomic wallet mass hack', 232, '2023-06-03 19:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/', "Today I lost a total of >$50,000 in usdt, btc, eth, trx, xrp from my Atomic wallet.\n\nAt first, I thought I had messed up somewhere and somehow got a virus on my Mac. But then my friend sent me [a link to Twitter](https://twitter.com/atomicwallet/status/1664946301815910400), and it turns out that many other people were hacked today as well. I don't know what to do in such situations. I hope someone from the administration of major exchanges reads this post and blocks the hackers wallets.\n\n[All I did was log in my Atomic Wallet and within a minute my money was gone.](https://preview.redd.it/256gs1iv6u3b1.jpg?width=1280&format=pjpg&auto=webp&v=enabled&s=4982f02b15610d049f42181fb5ff6d8dc391e4f9)\n\nMy Atomic ID:\xa07e4ef5079dbcab076fe3e8cb9664e080c1782476ae42ab4bef7b130157bf9f63\n\nXRP:\xa0[https://bithomp.com/explorer/35697EBD144A45205DE8A58EA7F07F34D64351EF93DBF0E8747CC6A2709A43F6](https://bithomp.com/explorer/35697EBD144A45205DE8A58EA7F07F34D64351EF93DBF0E8747CC6A2709A43F6)\n\nBTC: [https://bitcoin.atomicwallet.io/tx/52c865ee26d167c5698daa6fd36a0af0e6389c506e91cf5ea9b2371d7f8cd8f7](https://bitcoin.atomicwallet.io/tx/52c865ee26d167c5698daa6fd36a0af0e6389c506e91cf5ea9b2371d7f8cd8f7)\n\nTRX:\xa0[https://tronscan.org/#/transaction/d7d08c03792db92f35105ef4f960efeae44f9fa90befa115f7108b4c8ebaa991](https://tronscan.org/#/transaction/d7d08c03792db92f35105ef4f960efeae44f9fa90befa115f7108b4c8ebaa991)\n\nUSDT TRC-20: [https://tronscan.org/#/transaction/006b82f487db99caeb86fcbb63f6c110daa2d8a6fd24cdf24107a80d06843901](https://tronscan.org/#/transaction/006b82f487db99caeb86fcbb63f6c110daa2d8a6fd24cdf24107a80d06843901)\n\nETH: [https://etherscan.io/tx/0xa5588b5b180d7e217500650b05a0498891e238f1308376331a7abb72cd70f635](https://etherscan.io/tx/0xa5588b5b180d7e217500650b05a0498891e238f1308376331a7abb72cd70f635)", 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/', '13ziyof', [['u/R4ID', 38, '2023-06-03 21:28', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmryx3b/', 'Damn, yea Im seeing hundreds of users on twitter saying their funds were taken. This breach is massive.', '13ziyof'], ['u/Prestigious-Egg-5004', 44, '2023-06-03 21:33', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmrzm1i/', "Sorry for your loss, but 50k isn't quite a lot to keep on a hot wallet?", '13ziyof'], ['u/FroddoSaggins', 14, '2023-06-03 21:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jms2foc/', "It's pretty crazy hearing how much people keep in hot wallets like these. Never used atomic wallet but messed around with exodus enough to know I'd never store my main accounts on there.", '13ziyof'], ['u/Consistent_Many_1858', 65, '2023-06-03 22:16', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jms59df/', "I'm sorry for your loss, this is the reason crypto will never see mass adoption.", '13ziyof'], ['u/YetAnotherPenguin13', 19, '2023-06-03 22:50', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jms9qak/', 'Jesus Christ. . . Last time I used it was yesterday and according to the blockchain explorer my money is still there. What better to do, create a new wallet and try to transfer funds somehow ?', '13ziyof'], ['u/TerraceTower', 34, '2023-06-03 22:55', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmsaijg/', '/r/atomicwallet\n\nSo many affected by this across all blockchains: Bitcoin, Cardano, Ripple, Ethereum, etc.\n\nSo much losses', '13ziyof'], ['u/NotAdoctor_but', 33, '2023-06-03 23:13', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmscwls/', "Yeah people should use ledger... oh wait...\n\njokes aside, it's always good practice to use multiple wallets, and there are also still decent cold wallets (yes, i mean trezor)", '13ziyof'], ['u/fap_fap_fap_fapper', 64, '2023-06-03 23:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13ziyof/atomic_wallet_mass_hack/jmsgfq0/', 'Yep something shady going on with Atomic wallet [https://twitter.com/zachxbt/status/1665080799253733377](https://twitter.com/zachxbt/status/1665080799253733377)', '13ziyof']]], ['u/Luismorales788', 'BTC', 201, '2023-06-03 21:23', 'https://www.reddit.com/r/Bitcoin/comments/13zmov7/btc/', '📸 - #Bitcoin\xa0 store spotted in Istanbul, Turkey 🇹🇷', 'https://i.redd.it/5gtypf92tu3b1.jpg', '13zmov7', [['u/cookmanager', 14, '2023-06-03 22:40', 'https://www.reddit.com/r/Bitcoin/comments/13zmov7/btc/jms8i18/', 'It looks so photoshopped but I guess it is real\n\nMollafenari, Vezirhan Cd. No:5, 34120 Fatih/İstanbul, Türkiye\n\n“Kapital Bit Coins”', '13zmov7']]], ['u/juice-box04', 'Hello. I’m going from subreddit to subreddit and making a playlist where most upvoted comment gets a spot. Give me the WORST song by Linkin Park (Day 6)', 321, '2023-06-03 21:58', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/', 'Link to playlist: https://open.spotify.com/playlist/4S1H074upGZppRNtAVTUVS?si=Cm3BmWGBTcimV7SogtU3Ow', 'https://i.redd.it/whos1h28zu3b1.jpg', '13znnir', [['u/Expensive-Host5762', 26, '2023-06-03 22:13', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jms4v7w/', 'I could never enjoy good goodbye, but I don’t hate any LP song', '13znnir'], ['u/Much_Improvement_987', 154, '2023-06-03 22:54', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsadlg/', 'SOAD sub had to be trolling AGAIN. Unless the clean version was specified because that’s a vulgar song. I absolutely love cigaro tho.', '13znnir'], ['u/Ok-Confidence-9305', 140, '2023-06-03 23:26', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsejmg/', 'The clean version censors the word "cock" pretty much making the song unlistenable, which is why it is specifically the clean version', '13znnir'], ['u/Much_Improvement_987', 70, '2023-06-03 23:34', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsfjbb/', 'God, I love that sub', '13znnir'], ['u/lp_rhcp_fan_18', 46, '2023-06-03 23:36', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsfs3p/', 'Empty Spaces.', '13znnir'], ['u/Mighti-Guanxi', 11, '2023-06-03 23:42', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmsgm7s/', 'Foreword. \n\n\nEdit: corrected from "Forward"', '13znnir'], ['u/imnotporter', 68, '2023-06-03 23:50', 'https://www.reddit.com/r/LinkinPark/comments/13znnir/hello_im_going_from_subreddit_to_subreddit_and/jmshnnd/', 'one step closer 100 gecs reanimation', '13znnir']]], ['u/Abysskitten', 'PSA: Beware of the shill template', 27, '2023-06-03 23:54', 'https://www.reddit.com/r/CryptoCurrency/comments/13zqzng/psa_beware_of_the_shill_template/', "I've been seeing this a lot lately and I thought I'd shoot a post on it.\n\nWhen I was a kid, I worked in an electronics store. We had many high end brands and a shitty in-house brand that the head of the company created. He basically came up with a name and logo, flew to Shenzhen and got it printed on a lot of cheap product.\n\nWe were told to market this brand right smack between two established brands on the shelves. And guess what? It worked. People placed this janky piece of shit on the same footing as better made items and bought it. \n\nSo what's this got to do with crypto you ask? Well, this marketing hack is transferable to a lot of different things that are sold. I've seen an increasing number of articles listing two established coins, most often Bitcoin and another of the top 10 plus a coin that you've probably never heard of before as something worth investing in.\n\nSome examples:\n\n[https://crypto.news/bitcoin-xrp-and-tradecurve-are-top-coins-to-watch-in-2023/](https://crypto.news/bitcoin-xrp-and-tradecurve-are-top-coins-to-watch-in-2023/)\n\n[https://www.outlookindia.com/business-spotlight/consider-caged-beasts-ethereum-and-cardano-to-diversify-your-portfolio-this-alt-season-news-291872](https://www.outlookindia.com/business-spotlight/consider-caged-beasts-ethereum-and-cardano-to-diversify-your-portfolio-this-alt-season-news-291872)\n\nSo beware the shill template; folks are looking at you as exit liquidity.", 'https://www.reddit.com/r/CryptoCurrency/comments/13zqzng/psa_beware_of_the_shill_template/', '13zqzng', [... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["SAN FRANCISCO, CA / ACCESSWIRE / June 3, 2023 / Introducing Reportscammedbitcoin.com is a website that allows users to report crypto losing cases and other wrong crypto transactions while also being able to track cryptocurrency transactions. The site enables users to input a wallet address, transaction ID, or block number to track the transaction. The site also provides an email form to report the details case. ReportScammedBitcoin, Saturday, June 3, 2023, Press release picture The platform has been designed to assist users in tracing stolen or lost bitcoins. This feature becomes a valuable resource for both law enforcement and private individuals seeking to recover lost or stolen cryptocurrency. The most unique feature of reportscammedbitcoin.com is its blockchain explorer. This feature allows users to view all the data associated with a particular address or transaction. Its search engine makes it easy to find specific addresses or transactions. The notifications system alerts users when a keyword or phrase appears in the blockchain. In addition to these features, Reportscammedbitcoin.com also offers an API that enables developers to build applications on top of the site's data. This API gives developers access to all the same data available through the site's web interface, making it possible to create a wide variety of new and innovative tools for tracking cryptocurrency transactions. To use this feature, users need to provide the site with as much information as possible about the transaction that took place. This includes the date and time of the transaction, the addresses involved, and any other relevant details. Then, the platform uses this information to try to track down the transaction on the blockchain. Once the transaction is found, the platform provides the user with information about where the coins were sent next. This information can be used to try to recover the funds. While there are no guarantees of success, it is worth a try if someone has been lost their hard-earned money. Story continues Another great feature is the ability to see all the outgoing and incoming transactions from a particular address. This can be used to identify which services or exchanges has been used, as well as any other addresses they may have used in the past. The site also includes a number of other useful resources, such as a list of common incidents, advice on how to avoid being trapped, and even a forum where users can share information and help each other out. All in all, Reportscammedbitcoin.com is an invaluable resource for anyone who wants to stay safe when using cryptocurrency. Whether individuals are looking to prevent themselves from becoming victims or want to help track down those who have been the victim of this incident, this site is definitely worth checking out. If someone has been the victim, it is very important to track the digital currency first, according to ReportScammedBitcoin 's experts. They can assist in tracking the lost crypto into the complex world of cryptocurrency. One option is to contact the exchange where the money was sent and file a dispute. Many exchanges have policies in place to help victims recover their money. Another option is to contact law enforcement - these types of stealing are considered a type of financial crime, and they may be able to help track down the perpetrators and recover the money. The site has a database of over 2 million addresses associated with known similar cases, and it uses blockchain analysis to help victims track down where their money went. If someone has lost his cryptocurrency, they should definitely check out ReportScammedBitcoin.com - it could be the key to getting their money back. Users can contact the platform through the website form. When they fill out the form with all the details, the platform will contact them and provide a free consultation. During the consultation, they will receive guidance and recommendations for recovery service providers that can help them recover the lost funds. About Company The capability to trace cryptocurrency transactions back to their source is invaluable. Reportscammedbitcoin.com provides a reliable and secure platform that not only makes it easier for users to track their own crypto assets but also assists law enforcement in investigation efforts when tackling money laundering issues. With new data being added every day, this website is certainly set to become an essential resource in helping navigate the increasingly complex landscape of the crypto-sphere with greater accuracy and efficiency. Media Contact Organization: ReportScammedBitcoin Contact Person: Zella Redd Website: https://reportscammedbitcoin.com Email: [email protected] Contact Number: +14809486042 City: San Francisco State: California Country: United States SOURCE: ReportScammedBitcoin View source version on accesswire.com: https://www.accesswire.com/759093/Introducing-reportscammedbitcoincom-The-Platform-for-Tracing-Cryptocurrency-Transactions-and-Restoring-Lost-Assets", "SAN FRANCISCO, CA / ACCESSWIRE / June 3, 2023 /Introducing Reportscammedbitcoin.com is a website that allows users to report crypto losing cases and other wrong crypto transactions while also being able to track cryptocurrency transactions. The site enables users to input a wallet address, transaction ID, or block number to track the transaction. The site also provides an email form to report the details case.\nThe platform has been designed to assist users in tracing stolen or lost bitcoins. This feature becomes a valuable resource for both law enforcement and private individuals seeking to recover lost or stolen cryptocurrency.\nThe most unique feature of reportscammedbitcoin.com is its blockchain explorer. This feature allows users to view all the data associated with a particular address or transaction. Its search engine makes it easy to find specific addresses or transactions. The notifications system alerts users when a keyword or phrase appears in the blockchain.\nIn addition to these features,Reportscammedbitcoin.comalso offers an API that enables developers to build applications on top of the site's data. This API gives developers access to all the same data available through the site's web interface, making it possible to create a wide variety of new and innovative tools for tracking cryptocurrency transactions.\nTo use this feature, users need to provide the site with as much information as possible about the transaction that took place. This includes the date and time of the transaction, the addresses involved, and any other relevant details.\nThen, the platform uses this information to try to track down the transaction on the blockchain. Once the transaction is found, the platform provides the user with information about where the coins were sent next. This information can be used to try to recover the funds. While there are no guarantees of success, it is worth a try if someone has been lost their hard-earned money.\nAnother great feature is the ability to see all the outgoing and incoming transactions from a particular address. This can be used to identify which services or exchanges has been used, as well as any other addresses they may have used in the past. The site also includes a number of other useful resources, such as a list of common incidents, advice on how to avoid being trapped, and even a forum where users can share information and help each other out.\nAll in all, Reportscammedbitcoin.com is an invaluable resource for anyone who wants to stay safe when using cryptocurrency. Whether individuals are looking to prevent themselves from becoming victims or want to help track down those who have been the victim of this incident, this site is definitely worth checking out.\nIf someone has been the victim, it is very important to track the digital currency first, according toReportScammedBitcoin's experts. They can assist in tracking the lost crypto into the complex world of cryptocurrency.\nOne option is to contact the exchange where the money was sent and file a dispute. Many exchanges have policies in place to help victims recover their money. Another option is to contact law enforcement - these types of stealing are considered a type of financial crime, and they may be able to help track down the perpetrators and recover the money.\nThe site has a database of over 2 million addresses associated with known similar cases, and it uses blockchain analysis to help victims track down where their money went. If someone has lost his cryptocurrency, they should definitely check out ReportScammedBitcoin.com - it could be the key to getting their money back.\nUsers can contact the platform through the website form. When they fill out the form with all the details, the platform will contact them and provide a free consultation. During the consultation, they will receive guidance and recommendations for recovery service providers that can help them recover the lost funds.\nAbout Company\nThe capability to trace cryptocurrency transactions back to their source is invaluable. Reportscammedbitcoin.com provides a reliable and secure platform that not only makes it easier for users to track their own crypto assets but also assists law enforcement in investigation efforts when tackling money laundering issues. With new data being added every day, this website is certainly set to become an essential resource in helping navigate the increasingly complex landscape of the crypto-sphere with greater accuracy and efficiency.\nMedia ContactOrganization: ReportScammedBitcoinContact Person: Zella ReddWebsite:https://reportscammedbitcoin.comEmail:[email protected] Number: +14809486042City: San FranciscoState: CaliforniaCountry: United States\nSOURCE:ReportScammedBitcoin\nView source version on accesswire.com:https://www.accesswire.com/759093/Introducing-reportscammedbitcoincom-The-Platform-for-Tracing-Cryptocurrency-Transactions-and-Restoring-Lost-Assets", "Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The most politically important tweet from Crypto Twitter this week came from Congressman Warren Davidson, who confirmed on Monday that the new U.S. debt ceiling agreement blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto mining firms based on how much electricity they consume. Yes, one of the victories is blocking proposed taxes. — Warren Davidson 🇺🇸 (@WarrenDavidson) May 29, 2023 Also that day, Bitcoin NFT project Ordinals hit a new milestone. BREAKING: @Bitcoin ORDINALS BREAKS 10 MILLION INSCRIPTIONS pic.twitter.com/KEsYTFPYCb — DEGEN NEWS 🗞️ (@DegenerateNews) May 29, 2023 On Tuesday, El Salvador’s National Bitcoin Office—an official institution set up to promulgate Bitcoin as legal tender in the country—announced that the country’s authoritarian president Nayib Bukele had hired a new Bitcoin consultant . When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. We are excited to announce that @saifedean is joining us as Economic Advisor to the National Bitcoin Office of El Salvador. Welcome to the winning team, Dr Ammous! pic.twitter.com/LyIljvKvtz — The Bitcoin Office (@bitcoinofficesv) May 30, 2023 Alex Svanevik, the CEO of blockchain data and research company Nansen, announced that the company was letting go of 30% of its staff in order to streamline the company. He also mentioned the bear market as a factor. Story continues Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik 🐧 (@ASvanevik) May 30, 2023 Blockchain gumshoe ZachXBT exposed a particularly callous scam on Thursday. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account. pic.twitter.com/q4HivGBLMY — ZachXBT (@zachxbt) May 31, 2023 Imagine earning a million in twenty-four hours for doing nothing except opening your wallet. Well, it has already happened. Welcome to the blockchain. GM - yesterday @Pauly0x tweeted an ETH address telling people they'd receive absolutely nothing in exchange for sending him ETH. In under 24 hours, people have sent over $1.1 million USD. pic.twitter.com/FXpxsD2iKP — Arkham (@ArkhamIntel) May 31, 2023 It’s easy to get worried about AI these days with so many tech industry leaders labeling it a potential extinction threat . OpenAI CEO Sam Altman offered a more mundane prediction about the advent of artificial general intelligence: maybe things will keep on keeping on. a reasonably plausible version of the AGI future is that it unfolds similarly to how it would have without AGI, but it’s such a powerful tool that everything happens much faster. — Sam Altman (@sama) June 1, 2023 NFT theft is declining but the Blur marketplace is becoming popular for stolen digital goods, according to PeckShieldAlert. #PeckShieldAlert In May 2023, ~$2.95M worth of #NFTs were stolen, marking an 8.7% decrease compared to the previous month. Within a span of 130 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io … pic.twitter.com/vzQrR6zrif — PeckShieldAlert (@PeckShieldAlert) June 1, 2023 Messari analyst Ally Zach on Thursday did a deep dive on Solana’s newest users and how the blockchain caters to consumer applications. 1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users. What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9 — Ally Zach (@0xallyzach) June 1, 2023 Finally, crypto wallet provider Atomic on Saturday warned that several wallets have been compromised. Crypto sleuth ZachXBT revealed the eye-watering amounts of crypto at stake. Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL — ZachXBT (@zachxbt) June 4, 2023", "Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The most politically important tweet from Crypto Twitter this week came from Congressman Warren Davidson, who confirmed on Monday that the new U.S. debt ceiling agreement blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto mining firms based on how much electricity they consume. Yes, one of the victories is blocking proposed taxes. — Warren Davidson 🇺🇸 (@WarrenDavidson) May 29, 2023 Also that day, Bitcoin NFT project Ordinals hit a new milestone. BREAKING: @Bitcoin ORDINALS BREAKS 10 MILLION INSCRIPTIONS pic.twitter.com/KEsYTFPYCb — DEGEN NEWS 🗞️ (@DegenerateNews) May 29, 2023 On Tuesday, El Salvador’s National Bitcoin Office—an official institution set up to promulgate Bitcoin as legal tender in the country—announced that the country’s authoritarian president Nayib Bukele had hired a new Bitcoin consultant . When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. We are excited to announce that @saifedean is joining us as Economic Advisor to the National Bitcoin Office of El Salvador. Welcome to the winning team, Dr Ammous! pic.twitter.com/LyIljvKvtz — The Bitcoin Office (@bitcoinofficesv) May 30, 2023 Alex Svanevik, the CEO of blockchain data and research company Nansen, announced that the company was letting go of 30% of its staff in order to streamline the company. He also mentioned the bear market as a factor. Story continues Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik 🐧 (@ASvanevik) May 30, 2023 Blockchain gumshoe ZachXBT exposed a particularly callous scam on Thursday. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account. pic.twitter.com/q4HivGBLMY — ZachXBT (@zachxbt) May 31, 2023 Imagine earning a million in twenty-four hours for doing nothing except opening your wallet. Well, it has already happened. Welcome to the blockchain. GM - yesterday @Pauly0x tweeted an ETH address telling people they'd receive absolutely nothing in exchange for sending him ETH. In under 24 hours, people have sent over $1.1 million USD. pic.twitter.com/FXpxsD2iKP — Arkham (@ArkhamIntel) May 31, 2023 It’s easy to get worried about AI these days with so many tech industry leaders labeling it a potential extinction threat . OpenAI CEO Sam Altman offered a more mundane prediction about the advent of artificial general intelligence: maybe things will keep on keeping on. a reasonably plausible version of the AGI future is that it unfolds similarly to how it would have without AGI, but it’s such a powerful tool that everything happens much faster. — Sam Altman (@sama) June 1, 2023 NFT theft is declining but the Blur marketplace is becoming popular for stolen digital goods, according to PeckShieldAlert. #PeckShieldAlert In May 2023, ~$2.95M worth of #NFTs were stolen, marking an 8.7% decrease compared to the previous month. Within a span of 130 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io … pic.twitter.com/vzQrR6zrif — PeckShieldAlert (@PeckShieldAlert) June 1, 2023 Messari analyst Ally Zach on Thursday did a deep dive on Solana’s newest users and how the blockchain caters to consumer applications. 1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users. What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9 — Ally Zach (@0xallyzach) June 1, 2023 Finally, crypto wallet provider Atomic on Saturday warned that several wallets have been compromised. Crypto sleuth ZachXBT revealed the eye-watering amounts of crypto at stake. Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL — ZachXBT (@zachxbt) June 4, 2023", "Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The most politically important tweet from Crypto Twitter this week came from Congressman Warren Davidson, who confirmed on Monday that the new U.S. debt ceiling agreement blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto mining firms based on how much electricity they consume. Yes, one of the victories is blocking proposed taxes. — Warren Davidson 🇺🇸 (@WarrenDavidson) May 29, 2023 Also that day, Bitcoin NFT project Ordinals hit a new milestone. BREAKING: @Bitcoin ORDINALS BREAKS 10 MILLION INSCRIPTIONS pic.twitter.com/KEsYTFPYCb — DEGEN NEWS 🗞️ (@DegenerateNews) May 29, 2023 On Tuesday, El Salvador’s National Bitcoin Office—an official institution set up to promulgate Bitcoin as legal tender in the country—announced that the country’s authoritarian president Nayib Bukele had hired a new Bitcoin consultant . When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. We are excited to announce that @saifedean is joining us as Economic Advisor to the National Bitcoin Office of El Salvador. Welcome to the winning team, Dr Ammous! pic.twitter.com/LyIljvKvtz — The Bitcoin Office (@bitcoinofficesv) May 30, 2023 Alex Svanevik, the CEO of blockchain data and research company Nansen, announced that the company was letting go of 30% of its staff in order to streamline the company. He also mentioned the bear market as a factor. Story continues Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik 🐧 (@ASvanevik) May 30, 2023 Blockchain gumshoe ZachXBT exposed a particularly callous scam on Thursday. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account. pic.twitter.com/q4HivGBLMY — ZachXBT (@zachxbt) May 31, 2023 Imagine earning a million in twenty-four hours for doing nothing except opening your wallet. Well, it has already happened. Welcome to the blockchain. GM - yesterday @Pauly0x tweeted an ETH address telling people they'd receive absolutely nothing in exchange for sending him ETH. In under 24 hours, people have sent over $1.1 million USD. pic.twitter.com/FXpxsD2iKP — Arkham (@ArkhamIntel) May 31, 2023 It’s easy to get worried about AI these days with so many tech industry leaders labeling it a potential extinction threat . OpenAI CEO Sam Altman offered a more mundane prediction about the advent of artificial general intelligence: maybe things will keep on keeping on. a reasonably plausible version of the AGI future is that it unfolds similarly to how it would have without AGI, but it’s such a powerful tool that everything happens much faster. — Sam Altman (@sama) June 1, 2023 NFT theft is declining but the Blur marketplace is becoming popular for stolen digital goods, according to PeckShieldAlert. #PeckShieldAlert In May 2023, ~$2.95M worth of #NFTs were stolen, marking an 8.7% decrease compared to the previous month. Within a span of 130 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io … pic.twitter.com/vzQrR6zrif — PeckShieldAlert (@PeckShieldAlert) June 1, 2023 Messari analyst Ally Zach on Thursday did a deep dive on Solana’s newest users and how the blockchain caters to consumer applications. 1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users. What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9 — Ally Zach (@0xallyzach) June 1, 2023 Finally, crypto wallet provider Atomic on Saturday warned that several wallets have been compromised. Crypto sleuth ZachXBT revealed the eye-watering amounts of crypto at stake. Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL — ZachXBT (@zachxbt) June 4, 2023"]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $528,256,126,500 - Hash Rate: 376937174.2812394 - Transaction Count: 364020.0 - Unique Addresses: 588801.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: With a price-to-sales (or "P/S") ratio of 0.1x Bitcoin Well Inc. ( CVE:BTCW ) may be sending very bullish signals at the moment, given that almost half of all the Software companies in Canada have P/S ratios greater than 2.7x and even P/S higher than 9x are not unusual. However, the P/S might be quite low for a reason and it requires further investigation to determine if it's justified. Check out our latest analysis for Bitcoin Well ps-multiple-vs-industry How Has Bitcoin Well Performed Recently? For example, consider that Bitcoin Well's financial performance has been poor lately as its revenue has been in decline. One possibility is that the P/S is low because investors think the company won't do enough to avoid underperforming the broader industry in the near future. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour. We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on Bitcoin Well's earnings, revenue and cash flow. Is There Any Revenue Growth Forecasted For Bitcoin Well? The only time you'd be truly comfortable seeing a P/S as depressed as Bitcoin Well's is when the company's growth is on track to lag the industry decidedly. In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 42%. Spectacularly, three year revenue growth has ballooned by several orders of magnitude, despite the drawbacks experienced in the last 12 months. Therefore, it's fair to say the revenue growth recently has been superb for the company, but investors will want to ask why it is now in decline. Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 19% shows it's noticeably more attractive. In light of this, it's peculiar that Bitcoin Well's P/S sits below the majority of other companies. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices. Story continues The Final Word While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations. Our examination of Bitcoin Well revealed its three-year revenue trends aren't boosting its P/S anywhere near as much as we would have predicted, given they look better than current industry expectations. Potential investors that are sceptical over continued revenue performance may be preventing the P/S ratio from matching previous strong performance. At least price risks look to be very low if recent medium-term revenue trends continue, but investors seem to think future revenue could see a lot of volatility. Having said that, be aware Bitcoin Well is showing 5 warning signs in our investment analysis, you should know about. If you're unsure about the strength of Bitcoin Well's business , why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session Youll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here... - Reddit Posts (Sample): [['u/Status_Floor1746', 'DOT vs ATOM', 36, '2023-06-04 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/', ' I have recently decided to try and branch out from the two main cryptos I own (BTC and ETH). While other projects have recently caught my eye I have decided that this time I would like to focus on blockchains that specialize in scalability. Since I came into some unexpected crypto via an airdrop and since then have not touched it yet want to move out of the token I wanted to first come here and see what people thought. It is my understanding that the two leaders in this scalability space are Polkadot and Cosmos (DOT and ATOM). Before I deep dive into the two I wanted to see what the community here thought about the two and which blockchain would you want to invest in and why would that be?', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/', '13zrvmc', [['u/Cold-Speech1325', 20, '2023-06-04 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsmonr/', 'This sub said DOT is good so it must be good.', '13zrvmc'], ['u/the_spiritual_eye', 65, '2023-06-04 00:38', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsnlp8/', 'You have no idea about the war you just started here.', '13zrvmc'], ['u/Odlavso', 40, '2023-06-04 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmso4s3/', 'Cosmos seems to a more active community and also more things going on. \n \nDOT supposedly has a lot going on in the background. \n \nMy ATOM bag is holding up better than my DOT bag price wise', '13zrvmc'], ['u/0ne_too', 15, '2023-06-04 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsqs9a/', "I'm biased as hell, i love Cosmos. Love the wallet, love the app chains, love the community despite the high DPS(drama per second), love the tech stack, love what's coming in the near to not so near future, love some of the devs/validators, some not so much. Love being able to move my assets around with IBC, which is a communications protocol not a bridge, for pennies or less. \n\nLove the fact that Cosmos ships. We passed the vote to build Interchain Security last July and ICS just went live last month. Less than a year for a pretty significant upgrade to Atom. \n\nI really like being able to know and chose who i delegate(stake) to. And being able to re-delegate if I don't feel aligned with them anymore. \n\nI could go on. \n\nI have a bag of dot staking. Talisman is fine. Stellaswap is ok. Acala is a shitshow. Japan is carrying Astar which is fine good for them. Auctions are not it. I really don't like the...lets call it phraseology of Polkadot. They make things way harder than they need to be imo. And i don't run into this anywhere other than Dot really. \n\nDot is fine. It's not for me. If it's your lane and you're happy with your investments in Dot and the dot ecosystem then it's all good.", '13zrvmc'], ['u/Odlavso', 14, '2023-06-04 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsspol/', "I've honestly been thinking of selling my DOT bag and going all in on ATOM. DOT staking is so much more complicated and I hate not seeing my balance in my wallet by using pools. ATOM is much easier and with the extra staking rewards coming soon from the consumer chains it seems like the better move.", '13zrvmc'], ['u/Octopus-Pawn', 14, '2023-06-04 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsuqq5/', 'Since they both lean on the principle of interoperability and anticipate a multi-coin future, I can’t see why they can’t both thrive in the future. They are both excellent projects.', '13zrvmc'], ['u/in_hodl_we_trust', 12, '2023-06-04 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsvdgm/', 'I highly recommend using both before deciding.', '13zrvmc'], ['u/MakeItRelevant', 27, '2023-06-04 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmsym11/', 'Polkadot is a bit more radical in its approach to connecting different blockchains, while Cosmos offers a more structured and organized framework for interoperability. I have both, but more DOT especially because of Substrate itself.', '13zrvmc'], ['u/Potential_Nerve_3779', 10, '2023-06-04 03:56', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmtbcia/', 'By radical do you mean confusing the lacking any smart considerations?', '13zrvmc'], ['u/Spicoli007', 20, '2023-06-04 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmtpxb5/', "Lol! So right. So I'm going to fire away. ATOM :)", '13zrvmc'], ['u/BetterNotLouder', 11, '2023-06-04 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/13zrvmc/dot_vs_atom/jmu2klo/', 'Firing back with rapid fire: dot, dot, dot, dot, dot', '13zrvmc']]], ['u/Affectionate-Dig4280', 'Just got scammed', 11, '2023-06-04 01:48', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/', 'I am thought that if there is a SD out there that him and I had mutual benefits that I would be okay. Turns out to be called a romance scam. So from one struggling momma that was interested in sugar dating is it real?\n\nSo the scam was incase you don’t want to run through the comments: He and I met online and was suppose to meet when he got off a cruise ship that he told me he works on. He paid my cellphone bill so we can continue to talk (which is now getting shit off) then I thought he was a real guy for paying that and he asked for my bank account and log in. He deposited $5000 3 times without talking to me. Had me transfer $2700 over to cashapp and send him bitcoinns. Mean while I was waiting for the rest to clear it never did.', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/', '13zu3fv', [['u/SugarBabyVet', 19, '2023-06-04 02:29', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt1a26/', 'Yes that a scam. \n\nNo man is going to meet you off of the internet and ask for your banking information to give you money. \n\nNo SD is going to ask you to send him money. \n\nTake a step out of the bowl and spend some time reading this forum.', '13zu3fv'], ['u/Vivid-Leader-3409', 75, '2023-06-04 03:01', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt505e/', 'You never give your log in for anyone c’mon this is common sense, please go change your logging info, call your bank', '13zu3fv'], ['u/JustAGoodGuy1080', 33, '2023-06-04 03:21', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt7bhu/', "I love my kids with all my heart and trust them, unquestionably.\n\nThey don't have access to my banking info.", '13zu3fv'], ['u/LearnDifferenceBot', 31, '2023-06-04 03:21', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt7e09/', 'Bye TwerkingAvocado. Have fun continuing to use common words incorrectly!', '13zu3fv'], ['u/sdsf9', 15, '2023-06-04 03:31', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt8gz1/', 'burn!', '13zu3fv'], ['u/BinghamtonSD', 14, '2023-06-04 03:40', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmt9hsp/', "I've never seen a reddit bot with such attitude!", '13zu3fv'], ['u/Vivid-Leader-3409', 36, '2023-06-04 03:48', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtafhl/', 'How are you in the military and don’t know about not sharing your login info is beyond me but- please for the love of god, even if he pays for a new house, you never share your login info..', '13zu3fv'], ['u/SeekingInToronto', 13, '2023-06-04 03:56', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtbafp/', 'Omg, this is the thing that made me laugh the hardest today. 😂', '13zu3fv'], ['u/SpaceGuy1968', 17, '2023-06-04 04:12', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtd2ff/', 'Yep\nIt\'s called an "overpayment scam"\n\n[overpayment scam](https://www.doj.nh.gov/consumer/dont-cash-that-check/check-overpayment.htm)', '13zu3fv'], ['u/ThinAvocadoToast', 27, '2023-06-04 05:32', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtltwi/', '“Works on a cruise ship”\n\n= poor.\n\nNever mind giving out your bank account info. Sorry OP', '13zu3fv'], ['u/Frank9567', 24, '2023-06-04 07:20', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtw26s/', "It's not restricted to this lifestyle. It is a common scam elsewhere too.", '13zu3fv'], ['u/guerreradevida', 36, '2023-06-04 08:09', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmtzzo7/', 'Not even about the lifestyle at all, just basic common sense', '13zu3fv'], ['u/Dear_Arachne', 23, '2023-06-04 09:00', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmu3xqr/', "Right? I'm sympathetic but goddamn, you don't just give someone your bank account login, ever. That shit not only has all your money, but also your full name, address, and spending habits & locations. Maybe okay if you're married but even then it's situational. Then immediately asking her to send some back too?? Come on. Get out of the bowl if you're this clueless about money and safety.", '13zu3fv'], ['u/KinkyFemdomme845', 10, '2023-06-04 12:57', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmul39h/', 'I don’t feel bad for you. This scam is ALL OVER the news, Social media, talked about every day!!! You are either lying or really really really really slow. If you can work Reddit you saw this scam before!', '13zu3fv'], ['u/BigMagnut', 14, '2023-06-04 13:57', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmuq6el/', 'You are not cut out for this "lifestyle".', '13zu3fv'], ['u/MsDReid', 11, '2023-06-04 15:24', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmuz7uj/', 'Your phone bill was paid with a stolen card. Which is why you still owe that money. Did you also give him the log in for that?\n\nYes, this lifestyle is real. If you are hot and are actually meeting men in person and having sex with them. Other than that no one is giving you money for nothing.', '13zu3fv'], ['u/TwerkingAvocado', 10, '2023-06-04 15:42', 'https://www.reddit.com/r/sugarlifestyleforum/comments/13zu3fv/just_got_scammed/jmv1e18/', 'The AI has taken our jobs of being dicks on the internet.', '13zu3fv']]], ['u/SignInternational623', 'Do You Respect the Bitcoin Cycle or HODL Forever ?', 29, '2023-06-04 03:09', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/', 'I\'ve been a part of the Bitcoin community for a while now, and I\'m curious to know where everyone stands when it comes to their strategies. Do you respect the cycle of Bitcoin and aim to cash out at a certain point, or are you a die-hard HODLer who plans to hold on to your Bitcoin for the long haul?\n\nSome people believe in timing the market and making strategic cash-outs after halving 2025, while others are firm believers in the philosophy of "HODLing" indefinitely.\n\nSo, I\'d like to hear from all of you! What\'s your stance on this matter? Are you looking to cash out your Bitcoin by 2025, or do you have a long-term horizon of 10, 20, or more years? Let\'s discuss our strategies and reasons behind them.\n\nHere are a few questions to get the conversation started:\n\n1-Do you think it\'s essential to respect the cyclical halving of Bitcoin, or do you believe in holding on to it indefinitely?\n2-If you plan on cashing out, what are your criteria for determining the right thing to sell?\nFor those who are HODLing long-term, what drives your decision to hold on to your Bitcoin?\n\nThanks', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/', '13zw4wv', [['u/Umpire_State_Bldg', 33, '2023-06-04 03:21', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmt7bkn/', 'Selling with the expectation of buying again later for less is gambling.\n\nGambling with any expectation of coming out ahead is foolish. \n\nIf you ever hold Bitcoin long enough, you will see for yourself that the simplest strategy is by far the best: But Bitcoin, send it to your own (hardware) wallet, then wait patiently.', '13zw4wv'], ['u/oldskoolr', 56, '2023-06-04 03:30', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmt8dnk/', 'I will sell some Bitcoin when it can buy me more time.\n\nThat time is a mortgage and lead me to early retirement so I can spend more time with family & friends.', '13zw4wv'], ['u/Dazzling_Marzipan474', 21, '2023-06-04 04:28', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmteuye/', "One day it'll go up and not go back down. I'm not selling my BTC. Ever.", '13zw4wv'], ['u/TheJudgeXD', 27, '2023-06-04 10:58', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmuchz5/', 'wait patiently... for what? If not for periods of extreme overvaluations, what it is that you wait for? \n\nI feel like this sub painting people as some kind of traitor for selling bitcoin in very obvious bubbles is a bit mental, everything that you do in life is a gamble.', '13zw4wv'], ['u/Youretoo', 21, '2023-06-04 11:42', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmufjcy/', 'This is an excellent stoic view on money. Time is our most precious resource.', '13zw4wv'], ['u/swissmachinist16', 13, '2023-06-04 12:10', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmuhljl/', 'Gambling is anything less than 100%.', '13zw4wv'], ['u/Just1_More', 10, '2023-06-04 14:28', 'https://www.reddit.com/r/Bitcoin/comments/13zw4wv/do_you_respect_the_bitcoin_cycle_or_hodl_forever/jmut6q2/', 'This is a challenging topic for our community. The fact psychopaths like myself and others believe BTC will be the world reserve currency and "Up forever" is real is why you see comments like the one you\'re replying to. \n\nPersonally, I hodl not for me, but for my family. I will never sell my BTC for fiat. Maybe there is a day I use sats to buy goods/services. But it\'s not here yet. My time horizon is long... very long.', '13zw4wv']]], ['u/ciaolarspi', 'How could we solve the pain point of private key management for crypto wallets?', 20, '2023-06-04 04:51', 'https://www.reddit.com/r/CryptoCurrency/comments/13zymr4/how_could_we_solve_the_pain_point_of_private_key/', '1. The paint point of private key management\n\nPrivate key (or seed phrase) management has been a major pain point for crypto users since day one. To the flip side of “Not Your Keys, Not Your Coins”, it is “If you lose your private key, you lose everything”.\n\nOf course, you can write down your private key and seed phrase on paper, maybe multiple pieces if one is not safe enough and you want backup.\n\nIf you are a more advanced crypto user, you could buy a decent cold wallet and keep it offline most of the time.\n\nThere are other options like mobile wallets (e.g. Trust Wallet), browser wallets (e.g. MetaMask), desktop wallets (e.g. Electrum), smart contract wallets (e.g. Argent), MPC wallets (e.g. ZenGo and UniPass) and etc.\n\nAll of the above require the user to hold a private key or a share of the private key in order to sign transactions. The problem of single point of failure remains when you lose your private key.\n\nThere have been relentless efforts to solve this problem for mass adoption for crypto, such as Smart Contract, MPC and Account Abstraction.\n\n2. A better solution needed\n\nAs per David Wheeler’s quote:\n\nAll problems in computer science can be solved by another level of indirection.\n\nWe have been asking ourselves what is the best place to store our private keys, the answer is “The blockchain itself” since we are already on it. Now the question is “How would it be possible and safe?”, the answer is that the concept has been proven to be feasible, and there are already some implementations emerging.\n\nLit Protocol is one of them.\n\n3. How it works\n\n1. Lit Protocol is based on TSS / MPC, and is a protocol running on a decentralised network governed by consensus.\n2. The protocol slices your private key into pieces and store them across the network nodes with a certain degree of redundancy.\n3. The private key shares will only be retrieved and aggregated in a designated HSM environment when the access conditions are all met, then things like transaction signing and secret decryption will take place in there, and the user would get the final results without exposing the private key to risks.\n4. The access conditions are programmable, they could look like below.\n\n>If the user has valid access token and today is a Sunday, then grant user access to retrieve the key shares.\n\n4. Pros and Cons\n\nThe advantages:\n\n1. It is not a 2 of 2 or 2 of 3 scheme as most current MPC solutions.It is run by consensus across the entire network. There is no single point of failure as long as the network is up and running.The private key is never exposed to anyone, even to the owner.\n2. Security is guaranteed as the key share retrieval and aggregation as well as signing take place in a designated HSM environment.\n3. It is blockchain agnostic, it supports ECDSA and BLS at the moment, and more to be added, hence it supports most mainstream cryptocurrencies like BTC and ETH.\n4. It is Web2 friendly, what it means is that the access conditions can be programmed to validate if the user has valid access to his Google account, if so then the access to key shares is granted. Being Web2 friendly is essential for mass adoption.\n5. It is extensible in terms of security mechanisms and business logic, so that enhanced security mechanisms like MFA is feasible. It is critical for building a crypto wallet with bank level security.\n\nSome challenges:\n\n1. The security of the protocol is to be tested in reality, and ongoing efforts are required to maintain and upgrade the protocol to fix bugs and vulnerabilities.\n2. The performance of the protocol is to be battle tested and proven in production, especially when it is at scale.', 'https://www.reddit.com/r/CryptoCurrency/comments/13zymr4/how_could_we_solve_the_pain_point_of_private_key/', '13zymr4', [['u/Jimmy_Wrinkles', 12, '2023-06-04 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/13zymr4/how_could_we_solve_the_pain_point_of_private_key/jmtld8s/', "Insured, regulated exchanges where a cold wallet is no longer necessary. I know it's not the answer many would like but it's the most practical.", '13zymr4']]], ['u/Great-Ad2861', 'Here’s the lies…carpal tunnel, manic, and “you wouldn’t be around me if you were high” (yet he just went to rehab 2 weeks ago and you punched him when he left? Who that’s not high or drunk goes to rehab?) STOP THE MADNESS JK', 29, '2023-06-04 05:43', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/', 'I can’t with the lies. How does EVERYONE not see through this btch? How is there ANY confusion? ', 'https://v.redd.it/mdpdofr09x3b1', '13zzvra', [['u/Ok_Salamander3793', 24, '2023-06-04 06:50', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtteaq/', "Wtf... Jess knows his own diagnosis and he doesn't know it himself?? That's just weird. And fishy. Sounds like bs", '13zzvra'], ['u/Great-Ad2861', 13, '2023-06-04 07:01', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtud9q/', 'This whole segment was lies and b.s and can’t see how EVERYONE doesn’t see it', '13zzvra'], ['u/meowsrl', 14, '2023-06-04 07:17', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtvswz/', 'Yeah, isn’t it insane how she needs Jason because he “can give more context” than she could? How or why does someone know more about her relationship with her fiance/his drug use more than her? Jason is only recently out of prison and I don’t care how good of friends they became. That was her daughter’s father and her fiancé. And she’s gonna pretend she has no idea what Reece did their “entire relationship” ??', '13zzvra'], ['u/Great-Ad2861', 13, '2023-06-04 07:26', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtwigw/', 'How about her acting skills when he supposedly dropped that bomb on her JUST for the video? I’m fckn dead bro! And you’re so right…as if he would be more knowledgeable than her. Get the fuck outta here. 🤣', '13zzvra'], ['u/Glittering-Nobody631', 10, '2023-06-04 07:30', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtwwcb/', "Her videos don't make sense anymore and there's no way to bandaid over all of this anymore , there's far too many holes. Her only choice is to get off the fucking internet at this point and protect her kids for gods sake .", '13zzvra'], ['u/meowsrl', 10, '2023-06-04 07:33', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtx2wp/', 'I know, girl that was hilarious! She was looking like this emoji 😐 lmao no actual emotion. Her shitty acting is exactly why I really hope someone recognizes her in public one day and records while asking the questions she ignores online. Since she encourages that and says she’ll take pics + answer ANY questions they have 🥴🥴', '13zzvra'], ['u/Great-Ad2861', 10, '2023-06-04 07:39', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtxn5d/', 'Add “doctor” now to her resume. 🤣', '13zzvra'], ['u/ubercharlesinit', 12, '2023-06-04 07:56', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtz03g/', 'Notice how she said “he has bi lateral carpal tunnel, rheumatoid arthritis” so confidently, but she goes “and.. a whole lot of stuff…” while also moving around and playing with her sleeve. Which is exactly like something someone would do when they lie. It’s called a “tick”.', '13zzvra'], ['u/Great-Ad2861', 10, '2023-06-04 07:56', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtz15s/', 'Yuck 🤮 I could have gone my whole life without that', '13zzvra'], ['u/Great-Ad2861', 10, '2023-06-04 08:01', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmtzegh/', 'Yes I noticed! I also noticed her glance off to the side when she said “if you were high you wouldn’t be around me” also a telltale sign of lying!', '13zzvra'], ['u/Far_Bumblebee_9300', 13, '2023-06-04 08:12', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu09ro/', "Not her having to remind him about his hand problems and talk for him about it SINCE ITS ALL LIES. GTFOH\nEdit- couldn't help but notice her pulling up her left sleeve multiple times and scratching around her elbow area. Hmmm", '13zzvra'], ['u/meowsrl', 12, '2023-06-04 08:16', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu0lms/', 'It’s hilarious how they intentionally play off/deflect off of eachother. She has Jason air out all of her dirty laundry for her, while she makes excuses for HIM. lol 😂', '13zzvra'], ['u/Far_Bumblebee_9300', 10, '2023-06-04 08:19', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu0sh7/', "This video is completely embarrassing. I'm in shock that she thinks she's so slick that we will eat up the shit she serves. My gawd, she can take her new boo and fuck completely off with the bullshit. No sad pouty face gets her outta the lies.", '13zzvra'], ['u/Great-Ad2861', 11, '2023-06-04 08:39', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu2bqi/', 'Did you see the picture of JK phone that it was 3:28am? I only know it had to be a.m not in the afternoon bc Jason clearly says it’s Saturday NIGHT. Tweakerish don’t you think? Filming at almost 4am?', '13zzvra'], ['u/meowsrl', 11, '2023-06-04 09:15', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmu52hu/', 'Honestly I have a gut feeling big mouth Jason talks to the police way more than people know. Of course, this is only a conspiracy of mine. How quickly he yelled at Matt to “call the cops!! he can’t have a gun, he’s a felon! he has a warrant!” is very suspicious to me. Who the hell says that while having a damn “StOp SnITcHiNg🛑” tattoo? Like, I know they set him up, but he said those words so casually and quickly as if it is normal to him. Their fake, tough youtube personalities don’t match with any of this recent drama. But yeah, I think he definitely talks to the feds. Atleast in prison. but again - just my conspiracy.', '13zzvra'], ['u/Olympusrain', 14, '2023-06-04 11:20', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmue15n/', 'I just saw that video and Jason explaining on his YouTube channel why the Matt guy checked up on Reece and he says “Yeah I picked the nicest guy I know, he’s a huge softie! I could have picked 100 other people.. but I picked him”.. like dude no one ASKED YOU to pick anyone to go over and antagonize a guy with a drinking problem and ptsd .. in what world does that seem normal?', '13zzvra'], ['u/mooseinabottle', 10, '2023-06-04 12:29', 'https://www.reddit.com/r/JKentSnark/comments/13zzvra/heres_the_liescarpal_tunnel_manic_and_you_wouldnt/jmuizde/', 'Seriously, lol! After seeing those screenshots from their softie goon’s Facebook threatening to split kids’ heads open with a hatchet because someone rang his doorbell at 8:30 pm “when it was raining”, I now suspect they sent this psycho giant to attack Reece. Maybe pulling the gun and firing that warning shot was, in fact, absolutely necessary.', '13zzvra']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, June 04, 2023', 25, '2023-06-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/', '1400aug', [['u/ThorsBodyDouble', 17, '2023-06-04 07:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmtvfy8/', "Hey! China and Hong Kong, wake up! Aren't you meant to be sneaking loads of cash into crypto right now? I read it on the interweb.. 😳", '1400aug'], ['u/Downtown-Ad-4117', 13, '2023-06-04 09:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmu5cie/', 'This seems like the perfect time to buy more.', '1400aug'], ['u/DamonAndTheSea', 23, '2023-06-04 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmv57ne/', '[We should get a decision here in the next 10 days](https://www.tradingview.com/x/yDm7PmIy/) as BTC walks trend towards local downtrend resistance. Above and I think a retest of $31k is in the cards. Below and I look for support on 200MA daily in the mid $23k range. \n\n [SPY is bullish.](https://www.tradingview.com/x/82p1vntL/) May closed over the monthly 20MA for the first time in over a year. Bigger picture, the [3M held the 20MA as well and moving into longer term continuation.](https://www.tradingview.com/x/lk6jJZCt/) I’m eyeing resistance at prior high of 433 for a potential pullback. Above this and the market will go fully risk-on IMO.\n\nWe’re likely not out of the woods, but charts do not yet reflect recession woes. We’ll see where things are at EOY.', '1400aug'], ['u/bittabet', 10, '2023-06-04 17:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmvdswl/', 'Everything is just driven by overall global liquidity right now and we’re about to hit a bumpy patch due to all the treasuries they’re about to issue. Makes it very unlikely for SPY to sustain up.', '1400aug'], ['u/DamonAndTheSea', 15, '2023-06-04 17:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmvemw2/', 'I agree, and it’s why I’m keeping an eye on last local top. Newly issued treasuries will suck some liquidity from the markets as people move from stocks to bonds and this will likely create some downward pressure on markets in the short term. \n\nThe counter-argument here is you need people to buy up the debt and with the potential for inflation to stay pernicious it’s unclear how many move out of the market and into what has traditionally been a flight to quality or safety. Banks already got fucked buying T-bills and investors moving into bonds might not even outpace inflation. USD is already losing traction in foreign markets. This creates a situation whereby equities and other scarce assets may hold favor even as recession woes loom.\n\nBut if there are not enough bidders in the bond market, then the FED has to step in to buy the debt and engage in yield curve control. If this is the case, then I think we’re likely to see any drops in the stock market get bid back up as TINA sets in.', '1400aug'], ['u/AccidentalArbitrage', 12, '2023-06-04 23:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1400aug/daily_discussion_sunday_june_04_2023/jmwtm4z/', 'Who are the people that use these closed-source hot wallets and why do they do so? \n\nEvery suggestion from all reasonable sources is to use a hardware device or at least an open source software wallet like Electrum if you insist on using a hot one. \n\nWhere are noobs getting the advice that they should use these risky wallets and how can we prevent it?', '1400aug']]], ['u/SubManagerBot', 'Incomplete and Growing List of Participating Subreddits', 10733, '2023-06-04 07:01', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/', '##Regardless of subscriber count, if you are looking to add a sub to this list, please comment below on this thread.\n\n##If you have already commented your sub below or your sub is already on the list and now going private, please do NOT send a modmail - if you comment here, your sub will be on the list.\n\n##Please see pinned comment for most recent participating subreddit statistics.\n\n###Please see [Thread 2](https://www.reddit.com/r/ModCoord/comments/143fzf6/incomplete_and_growing_list_of_participating/) for 50-500k, [Thread 3](https://www.reddit.com/r/ModCoord/comments/146ffpb/incomplete_and_growing_list_of_participating/) for 5-50k, [Thread 4](https://www.reddit.com/r/ModCoord/comments/147dy99/incomplete_and_growing_list_of_participating/) for 1-5k, and [Thread 5](https://www.reddit.com/r/ModCoord/comments/147nxor/incomplete_and_growing_list_of_participating/) for below 1k due to text limit. \n\n###Many subreddits are still actively discussing how to participate in the protest in a way that best fits their community. Please do not harrass or act disrespectfully towards any subreddits, or their moderators, who have not yet been added to the list below.\n\n# Subreddits Participating On June 12th.\n\n\n##40+ million:\n\nr/funny\n\n##30+ million:\n\nr/aww\n\nr/gaming\n\nr/Music\n\nr/Pics\n\nr/science\n\nr/todayilearned\n\n##20+ million:\n\nr/art\n\nr/askscience\n\nr/books\n\nr/DIY\n\nr/documentaries\n\nr/EarthPorn\n\nr/explainlikeimfive\n\nr/food\n\nr/gadgets\n\nr/gifs\n\nr/Jokes\n\nr/LifeProTips\n\nr/mildlyinteresting\n\nr/NotTheOnion\n\nr/Showerthoughts\n\nr/space\n\nr/sports\n\nr/videos\n\n##10+ million:\n\nr/creepy\n\nr/Damnthatsinteresting\n\nr/dataisbeautiful\n\nr/fitness\n\nr/Futurology\n\nr/GetMotivated\n\nr/history\n\nr/interestingasfuck\n\nr/InternetIsBeautiful\n\nr/lifehacks\n\nr/listentothis\n\nr/NatureIsFuckingLit\n\nr/nosleep\n\nr/personalfinance\n\nr/philosophy\n\nr/photoshopbattles\n\nr/technology\n\nr/Television\n\nr/tifu\n\nr/unexpected\n\nr/wholesomememes\n\n##5+ 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fxiv\n\nr/findareddit\n\nr/findfashion\n\nr/Fingering\n\nr/firstworldanarchists\n\nr/FlashingGirls\n\nr/flexibility\n\nr/FloridaMan\n\nr/football\n\nr/forcedorgasms\n\nr/formuladank\n\nr/fortyfivefiftyfive\n\nr/freebies\n\nr/freelance\n\nr/FullmetalAlchemist\n\nr/funnymemes\n\nr/funsized\n\nr/futurama\n\nr/GameDeals\n\nr/gamernews\n\nr/Gamingcirclejerk\n\nr/gatekeeping\n\nr/gentlemanboners\n\nr/germany\n\nr/gifsthatendtoosoon\n\nr/ginger\n\nr/girlsmasturbating\n\nr/GirlswithGlasses\n\nr/Glitch_in_the_Matrix\n\nr/GoneMild\n\nr/gonewildcolor\n\nr/GoneWildStories\n\nr/gonewildtrans\n\nr/GooglePixel\n\nr/gravityfalls\n\nr/GTA\n\nr/guns\n\nr/gwpublic\n\nr/gymmemes\n\nr/h3h3productions\n\nr/haircarescience\n\nr/Handwriting\n\nr/headphones\n\nr/HighStrangeness\n\nr/hitmanimals\n\nr/hmm\n\nr/homegrowntits\n\nr/homelab\n\nr/hometheater\n\nr/HongKong\n\nr/horny\n\nr/Hotchickswithtattoos\n\nr/HouseOfTheDragon\n\nr/hugeboobs\n\nr/hulu\n\nr/HunterXHunter\n\nr/ich_iel\n\nr/ifyoulikeblank\n\nr/ihadastroke\n\nr/ihavesex\n\nr/Illustration\n\nr/imsorryjon\n\nr/indiameme\n\nr/IndianBabes\n\nr/IndianDankMemes\n\nr/IndoorGarden\n\nr/instantpot\n\nr/Intel\n\nr/interiordesign\n\nr/introvert\n\nr/Ireland\n\nr/IRLEasterEggs\n\nr/italy\n\nr/Itemshop\n\nr/IthadToBeBrazil\n\nr/iwanttobeher\n\nr/IWantToSuckCock\n\nr/jailbreak\n\nr/JoeRogan\n\nr/Justfuckmyshitup\n\nr/JustGuysBeingDudes\n\nr/ketorecipes\n\nr/ketoscience\n\nr/KGBTR\n\nr/KitchenConfidential\n\nr/Kryptostrassenwetten\n\nr/LabiaGW\n\nr/LabRats\n\nr/Lakers\n\nr/languagelearning\n\nr/LateStageCapitalism\n\nr/LatinoPeopleTwitter\n\nr/lawncare\n\nr/LeagueOfMemes\n\nr/LearnJapanese\n\nr/legaladviceuk\n\nr/libertarian\n\nr/LiminalSpace\n\nr/lingerie\n\nr/linux\n\nr/london\n\nr/losangeles\n\nr/lotr\n\nr/LoveIsBlindOnNetflix\n\nr/magicTCG\n\nr/MakeNewFriendsHere\n\nr/malegrooming\n\nr/mangacoloring\n\nr/manhwa\n\nr/medicalschool\n\nr/Megalophobia\n\nr/Melbourne\n\nr/menwritingwomen\n\nr/MiaKhalifa\n\nr/MiaMalkova\n\nr/Milfie\n\nr/militaryporn\n\nr/minecraftbuilds\n\nr/MinecraftMemes\n\nr/mls\n\nr/mommit\n\nr/MonsterGirl\n\nr/MonsterHunter\n\nr/MorbidReality\n\nr/MusicTheory\n\nr/mycology\n\nr/nascar\n\nr/NatureWasMetal\n\nr/NeutralPolitics\n\nr/Nike\n\nr/nipples\n\nr/NoahGetTheBoat\n\nr/NoMansSkyTheGame\n\nr/normalnudes\n\nr/NotHowGirlsWork\n\nr/notinteresting\n\nr/notliketheothergirls\n\nr/O_Faces\n\nr/obsf\n\nr/offbeat\n\nr/oilpainting\n\nr/oldphotosinreallife\n\nr/Olympics\n\nr/onebag\n\nr/onejob\n\nr/OneSecondBeforeDisast\n\nr/OnlyFansAsstastic\n\nr/Ontario\n\nr/orgasms\n\nr/PandR\n\nr/PantiesToTheSide\n\nr/Pareidolia\n\nr/pathofexile\n\nr/patientgamers\n\nr/Patriots\n\nr/perfectloops\n\nr/petite\n\nr/Phatasswhitegirls\n\nr/photoshop\n\nr/pizza\n\nr/PLASTT\n\nr/playrust\n\nr/playstation\n\nr/plotholes\n\nr/politicalcompassmemes\n\nr/Polska\n\nr/PornStarletHQ\n\nr/PourPainting\n\nr/PreggoPorn\n\nr/PupliftingNews\n\nr/pussypassdenied\n\nr/Quiver\n\nr/quotesporn\n\nr/r4r\n\nr/ramen\n\nr/RandomActsOfBlowJob\n\nr/Rap\n\nr/Ratemypussy\n\nr/RBI\n\nr/rearpussy\n\nr/reddevils\n\nr/redditgetsdrawn\n\nr/RedditLaqueristas\n\nr/redheads\n\nr/redneckengineering\n\nr/RileyReid\n\nr/rimjob_steve\n\nr/roblox\n\nr/romania\n\nr/rupaulsdragrace\n\nr/sbubby\n\nr/Scams\n\nr/Seaofthieves\n\nr/Seattle\n\nr/seduction\n\nr/seethru\n\nr/SelfAwarewolves\n\nr/serialkillers\n\nr/SexyTummies\n\nr/sfx\n\nr/shavedpussies\n\nr/Shemales\n\nr/ShittyFanTheories\n\nr/ShittyMovieDetails\n\nr/shittysuperpowers\n\nr/Shoes\n\nr/shortscarystories\n\nr/simps\n\nr/sims4\n\nr/singapore\n\nr/sissies\n\nr/slutsofsnapchat\n\nr/slutwife\n\nr/smashbros\n\nr/soccercirclejerk\n\nr/spiderman\n\nr/spotify\n\nr/SpreadEm\n\nr/Squaredcircle\n\nr/StardustCrusaders\n\nr/startrek\n\nr/statistics\n\nr/StraightGirlsPlaying\n\nr/streetwearstartup\n\nr/submechanophobia\n\nr/Subnautica\n\nr/SubredditDrama\n\nr/SuccessionTV\n\nr/SuddenlyGay\n\nr/summonerschool\n\nr/surrealmemes\n\nr/Sweden\n\nr/talesfromthefrontdesk\n\nr/tanlines\n\nr/tattoo\n\nr/taylorswift\n\nr/technews\n\nr/techsupportgore\n\nr/tennis\n\nr/TerrifyingasFuck\n\nr/texas\n\nr/tf2\n\nr/Tgirls\n\nr/thatlookedexpensive\n\nr/TheBoys\n\nr/thelastofus\n\nr/TheMandalorianTV\n\nr/thenetherlands\n\nr/TheSilphRoad\n\nr/thesimpsons\n\nr/TheSims\n\nr/theyknew\n\nr/thickloads\n\nr/thighhighs\n\nr/tightdresses\n\nr/timelapse\n\nr/tipofmypenis\n\nr/tits\n\nr/toolporn\n\nr/tools\n\nr/toronto\n\nr/traphentai\n\nr/TrueCrimeDiscussion\n\nr/TrueCrimePodcasts\n\nr/TrueReddit\n\nr/Turkey\n\nr/Ultralight\n\nr/VaporwaveAesthetics\n\nr/vegetarian\n\nr/vexillology\n\nr/virtualreality\n\nr/WaltDisneyWorld\n\nr/Warframe\n\nr/warriors\n\nr/watchpeoplesurvive\n\nr/web_design\n\nr/webcomics\n\nr/Weird\n\nr/whatsthisbug\n\nr/Whatswrongwithyourcat\n\nr/Wholesome\n\nr/wholesomemes\n\nr/whooties\n\nr/WhyWomenLiveLonger\n\nr/wildernessbackpacking\n\nr/witcher\n\nr/WitchesVsPatriarchy\n\nr/WomenOfColor\n\nr/woof_irl\n\nr/worldcup\n\nr/Xsome\n\nr/yesyesyesno\n\nr/YoungGirlsGoneWild\n\nr/youngpeopleyoutube\n\nr/YouTube', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/', '1401qw5', [['u/coffeeisnotlatte', 66, '2023-06-04 07:08', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/jmtuzz6/', '/r/china also, I will be the contact point.', '1401qw5'], ['u/Carpe_Natem_Sis', 76, '2023-06-04 07:35', 'https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/jmtxbbj/', 'r/gonewild30plus (1.2M) , r/AussieGirls (202K), r/AussieMilfs (35K), r/AussieCouples(20K), r/AussieDudes (13K), r/sportsbrasGW (96K), r/Nofans (405K), r/NoFansCouples (97K), r/NoFansMild (32K), r/PLASTT (802K)', '1401qw5'], ['u/Danpei', 20, '2023-06... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Jack Dorsey, Twitter’s cofounder and former CEO, has endorsed Democratic presidential contender Robert F. Kennedy, Jr. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home On Sunday, the influential tech billionaire tweeted a Fox News YouTube video entitled “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024” writing, “He can and will.” Asked whether he was endorsing or predicting, he replied , “Both.” Kennedy, a nephew of President John F. Kennedy and the son of his slain brother Robert F. Kennedy, is like Dorsey a strong believer in Bitcoin, which he recently described as an “exercise in democracy.” Last month, Kennedy delivered a well-received keynote address at a Bitcoin conference in Miami. He called Bitcoin a “bulwark” against “government and corporate expansion and intrusion.” “As president, I will make sure that your right to hold and use Bitcoin is inviolable," he added. He pledged to defend the right of self-custody of Bitcoin and other digital assets. “You should be able to own your own private keys, the same as you own the keys to your car or own your wallet…I don’t think the government has the right to demand access to your Bitcoin key or indeed any of your passwords. To say otherwise to cede essential territory to surveillance state.” An anti-vaccine activist, Kennedy frequently and controversially attacked Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, over the way he handled the pandemic, accusing him of orchestrating “fascism” and writing a book on the topic. When a Twitter user commented there was “not a chance the DNC [Democratic National Committee] allows him to be nominated,” Dorsey replied , "Even more reason.” He later added that the DNC “seems more irrelevant by the day” and wrote “end of an empire,” to which Tesla CEO and current Twitter owner Elon Musk replied with two fire emoji. Story continues Earlier on Sunday, Musk tweeted that he’ll host Kennedy in the Twitter Spaces audio platform on Monday afternoon. Dorsey replied to that by writing, “Excellent.” The event came together quickly, with Musk asking Kennedy Friday on Twitter, “Would you like to do a Spaces discussion with me next week?” Kennedy replied in the affirmative, and Dorsey chimed in , “This would be great.” Twitter Spaces also figured large in politics last month, when Republican Florida governor Ron DeSantis announced his presidential bid there, although technical glitches marred the event . On Friday evening, Musk tweeted , "System is being upgraded & stress-tested in advance of @RobertKennedyJr interview on Monday.” When a Twitter user commented that Kennedy’s shaky voice is “an issue,” Dorsey replied by calling it a “super power,” saying it sets the candidate apart. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'Jack Dorsey, Twitter’s cofounder and former CEO, has endorsed Democratic presidential contender Robert F. Kennedy, Jr.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nOn Sunday, the influential tech billionairetweetedaFoxNews YouTubevideoentitled “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024” writing, “He can and will.”\nAsked whether he was endorsing or predicting, hereplied, “Both.”\nKennedy, a nephew of President John F. Kennedy and the son of his slain brother Robert F. Kennedy, is like Dorsey a strong believer in Bitcoin, which he recentlydescribed asan “exercise in democracy.”\nLast month, Kennedy delivered a well-receivedkeynote addressat a Bitcoin conference in Miami. He called Bitcoin a “bulwark” against “government and corporate expansion and intrusion.”\n“As president, I will make sure that your right to hold and use Bitcoin is inviolable," he added.\nHe pledged to defend the right of self-custody of Bitcoin and other digital assets. “You should be able to own your own private keys, the same as you own the keys to your car or own your wallet…I don’t think the government has the right to demand access to your Bitcoin key or indeed any of your passwords. To say otherwise to cede essential territory to surveillance state.”\nAn anti-vaccine activist, Kennedy frequently andcontroversiallyattacked Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, over the way he handled the pandemic, accusing him of orchestrating “fascism” and writing abookon the topic.\nWhen a Twitter user commented there was “not a chance the DNC [Democratic National Committee] allows him to be nominated,” Dorseyreplied, "Even more reason.” He lateraddedthat the DNC “seems more irrelevant by the day” and wrote “end of an empire,” to whichTeslaCEO and current Twitter owner Elon Muskreplied withtwo fire emoji.\nEarlier on Sunday, Musktweetedthat he’ll host Kennedy in the Twitter Spaces audio platform on Monday afternoon. Dorseyrepliedto that by writing, “Excellent.”\nThe event came together quickly, with MuskaskingKennedy Friday on Twitter, “Would you like to do a Spaces discussion with me next week?” Kennedyrepliedin the affirmative, and Dorseychimed in, “This would be great.”\nTwitter Spaces also figured large in politics last month, when Republican Florida governor Ron DeSantis announced his presidential bid there, although technical glitchesmarred the event.\nOn Friday evening, Musktweeted, "System is being upgraded & stress-tested in advance of @RobertKennedyJr interview on Monday.”\nWhen a Twitter user commented that Kennedy’s shaky voice is “an issue,” Dorseyrepliedby calling it a “super power,” saying it sets the candidate apart.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Jack Dorsey, Twitter’s cofounder and former CEO, has endorsed Democratic presidential contender Robert F. Kennedy, Jr.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nOn Sunday, the influential tech billionairetweetedaFoxNews YouTubevideoentitled “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024” writing, “He can and will.”\nAsked whether he was endorsing or predicting, hereplied, “Both.”\nKennedy, a nephew of President John F. Kennedy and the son of his slain brother Robert F. Kennedy, is like Dorsey a strong believer in Bitcoin, which he recentlydescribed asan “exercise in democracy.”\nLast month, Kennedy delivered a well-receivedkeynote addressat a Bitcoin conference in Miami. He called Bitcoin a “bulwark” against “government and corporate expansion and intrusion.”\n“As president, I will make sure that your right to hold and use Bitcoin is inviolable," he added.\nHe pledged to defend the right of self-custody of Bitcoin and other digital assets. “You should be able to own your own private keys, the same as you own the keys to your car or own your wallet…I don’t think the government has the right to demand access to your Bitcoin key or indeed any of your passwords. To say otherwise to cede essential territory to surveillance state.”\nAn anti-vaccine activist, Kennedy frequently andcontroversiallyattacked Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, over the way he handled the pandemic, accusing him of orchestrating “fascism” and writing abookon the topic.\nWhen a Twitter user commented there was “not a chance the DNC [Democratic National Committee] allows him to be nominated,” Dorseyreplied, "Even more reason.” He lateraddedthat the DNC “seems more irrelevant by the day” and wrote “end of an empire,” to whichTeslaCEO and current Twitter owner Elon Muskreplied withtwo fire emoji.\nEarlier on Sunday, Musktweetedthat he’ll host Kennedy in the Twitter Spaces audio platform on Monday afternoon. Dorseyrepliedto that by writing, “Excellent.”\nThe event came together quickly, with MuskaskingKennedy Friday on Twitter, “Would you like to do a Spaces discussion with me next week?” Kennedyrepliedin the affirmative, and Dorseychimed in, “This would be great.”\nTwitter Spaces also figured large in politics last month, when Republican Florida governor Ron DeSantis announced his presidential bid there, although technical glitchesmarred the event.\nOn Friday evening, Musktweeted, "System is being upgraded & stress-tested in advance of @RobertKennedyJr interview on Monday.”\nWhen a Twitter user commented that Kennedy’s shaky voice is “an issue,” Dorseyrepliedby calling it a “super power,” saying it sets the candidate apart.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin cryptocurrencies. However, Solana and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was approved to raise the debt ceiling, with the bill signed by U.S. President Joe Biden on Saturday to avoid a government default. U.S. Stock futures were trading flat on Monday morning in Asia. Investor focus has shifted to what will be the next move on interest rates by the Federal Reserve when it meets on June 14. Bitcoin, Ether trade flat; Solana, XRP gain Bitcoin edged up 0.87% over the last 24 hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency fell to as low as $26,574 on Friday. Ether traded 0.67% higher in the past 24 hours to US$1,904, little changed for the week. Most other top 10 non-stablecoin cryptocurrencies traded flat. The exceptions were a 4.69% price jump for Solana, and a 4.19% gain for XRP. Solana\x92s move comes just as non-fungible token (NFT) secondary sales on the Solana network rose 21.62% over the last 24 hours, according to data from CryptoSlam. XRP is up 12.06% over the past week, gaining momentum after the XRP community reacted to the draft bill Digital Asset Market Structure Proposal released Friday by Republicans that seeks clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP lawyer Jeremy Hogan tweeted that the discussion draft could be known as an \x93XRP holder protecting\x94 act. The Securities Clarity Act. Also known as the: "XRP holder protecting/Coinbase & Binance relieving/Crypto start-up protecting/USA Pro-innovation/Hinman speech codifying/Stick it to the SEC/ ACT." For short. https://t.co/31gn4u7mOi pic.twitter.com/akNNXEJleb \x97 Jeremy Hogan (@attorneyjeremy1) June 2, 2023 \x93Investor sentiment across both digital assets as well as traditional finance appears to be in a holding pattern waiting for further indications from the U.S. Federal Reserve and other central banks as to anticipated interest rate movements in the third quarter of this year,\x94 Nathan Simmons, chief compliance officer of Hong Kong-based digital asset platform VDX, said late Friday. Story continues NFT 500 index falls, May transaction volume surges The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.58% to 3,281.22 in the 24 hours to 9:30 a.m. in Hong Kong, adding to a 2.38% weekly loss. The Forkast ETH NFT Composite index was down 1.17% in the same period, logging a 1.38% weekly decline. NFT sales on Ethereum fell 10% over the last 24 hours to US$23.65 million, but gained 83.97% in the past week. Sales on the Bitcoin network dropped 31.9% to US$3.82 million, but still recorded a 30% weekly increase. Bored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$5.1 million, followed by Azuki\x92s US$3.4 million and Mutant Ape Yacht Club\x92s US$1.7 million. Uncategorized Ordinals \x96 recently popular Bitcoin Ordinals that are not part of an established collection \x96 recorded a 45.24% drop to US$1.4 million in sales over the past 24 hours, but its seven-day sales gained 7.85%. DMarket , a Mythos blockchain-based collection of gaming NFTs, continued gaining momentum with a 18.34% rise in sales to US$1.35 million in the last 24 hours. Notably, the number of NFT transactions reached 8.9 million in May, the largest since February 2022, according to CryptoSlam data. \x93Before we get too excited we need to understand that the NFT landscape is vastly different from last year,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, wrote in a commentary on Sunday. \x93Today, we have projects like DMarket\x92s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn\x92t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses,\x94 Petscher added. Biden signs debt bill; China, Japan services sectors expand in May U.S. President Joe Biden. Image: Getty Images U.S. stock futures traded mixed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, while S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.32%. Crude oil prices rose after the OPEC+ group of oil-producing countries on Sunday decided to extend output cuts through next year, which could be an inflationary factor. On Saturday, U.S. President Joe Biden signed into law a bill to avoid a government default. The bill, passed by the U.S. Senate on Thursday, would suspend the U.S.\x92 debt limit through January 1, 2025. \x93I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid,\x94 Biden tweeted on Saturday. In Asia, China\x92s services sector extended its recovery in May, with Caixin China General Services Purchasing Managers\x92 index (PMI) climbing to 57.1 from April\x92s 56.4. \x93Both services supply and demand expanded further in May,\x94 Wang Zhe, senior economist of Caixin Insight Group, said in the PMI report . \x93Services activity continued to rebound after China scrapped its \x91zero-Covid\x92 policy in December.\x94 Japan\x92s service sector also expanded in May, according to surveys by au Jibun Bank. Its Japan Services PMI for May came in at 55.9, or higher than 55.4 in April. \x93The Japanese service sector continued on its upward trend that began at the end of last year during May, with latest PMI data pointing to back-to-back record increases in business activity, new orders and exports,\x94 Usamah Bhatti, an economist at S&P Global Market Intelligence, said in the report. \x93Firms were buoyed by the easing of the few remaining pandemic restrictions and have noted strong increases in demand, notably from overseas and inbound tourism,\x94 Bhatti added. (Updates with NFT and equities sections.)', 'Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin cryptocurrencies. However, Solana and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was approved to raise the debt ceiling, with the billsignedby U.S. President Joe Biden on Saturday to avoid a government default. U.S. Stock futures weretrading flaton Monday morning in Asia. Investor focus has shifted to what will be the next move on interest rates by the Federal Reserve when it meets on June 14.\nBitcoin edged up 0.87% over the last 24 hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fell to as low as $26,574 on Friday.\nEther traded 0.67% higher in the past 24 hours to US$1,904, little changed for the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat. The exceptions were a 4.69% price jump for Solana, and a 4.19% gain for XRP.\nSolana’s move comes just as non-fungible token (NFT) secondary sales on the Solana network rose 21.62% over the last 24 hours, according todatafrom CryptoSlam.\nXRP is up 12.06% over the past week, gaining momentum after the XRP community reacted to the draft bill Digital Asset Market Structure ProposalreleasedFriday by Republicans that seeks clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP lawyer Jeremy Hogantweetedthat the discussion draft could be known as an “XRP holder protecting” act.\n“Investor sentiment across both digital assets as well as traditional finance appears to be in a holding pattern waiting for further indications from the U.S. Federal Reserve and other central banks as to anticipated interest rate movements in the third quarter of this year,” Nathan Simmons, chief compliance officer of Hong Kong-based digital asset platform VDX, said late Friday.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 1.58% to 3,281.22 in the 24 hours to 9:30 a.m. in Hong Kong, adding to a 2.38% weekly loss.\nTheForkast ETH NFT Compositeindex was down 1.17% in the same period, logging a 1.38% weekly decline.\nNFT sales on Ethereum fell 10% over the last 24 hours to US$23.65 million, but gained 83.97% in the past week. Sales on the Bitcoin network dropped 31.9% to US$3.82 million, but still recorded a 30% weekly increase.\nBored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$5.1 million, followed by Azuki’s US$3.4 million and Mutant Ape Yacht Club’s US$1.7 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 45.24% drop to US$1.4 million in sales over the past 24 hours, but its seven-day sales gained 7.85%.\nDMarket, a Mythos blockchain-based collection of gaming NFTs, continued gaining momentum with a 18.34% rise in sales to US$1.35 million in the last 24 hours.\nNotably, the number of NFT transactions reached 8.9 million in May, the largest since February 2022, according to CryptoSlam data.\n“Before we get too excited we need to understand that the NFT landscape is vastly different from last year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, wrote in acommentaryon Sunday.\n“Today, we have projects like DMarket’s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn’t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses,” Petscher added.\nU.S. stock futures traded mixed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, while S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.32%.\nCrude oil pricesroseafter the OPEC+ group of oil-producing countries on Sundaydecidedto extend output cuts through next year, which could be an inflationary factor.\nOn Saturday, U.S. President Joe Biden signed into law a bill to avoid a government default. The bill, passed by the U.S. Senate on Thursday, would suspend the U.S.’ debt limit through January 1, 2025.\n“I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid,” Bidentweetedon Saturday.\nIn Asia, China’s services sector extended its recovery in May, with Caixin China General Services Purchasing Managers’ index (PMI)climbingto 57.1 from April’s 56.4.\n“Both services supply and demand expanded further in May,” Wang Zhe, senior economist of Caixin Insight Group, said in the PMIreport. “Services activity continued to rebound after China scrapped its ‘zero-Covid’ policy in December.”\nJapan’s service sector also expanded in May, according tosurveysby au Jibun Bank. Its Japan Services PMI for May came in at 55.9, or higher than 55.4 in April.\n“The Japanese service sector continued on its upward trend that began at the end of last year during May, with latest PMI data pointing to back-to-back record increases in business activity, new orders and exports,” Usamah Bhatti, an economist at S&P Global Market Intelligence, said in the report.\n“Firms were buoyed by the easing of the few remaining pandemic restrictions and have noted strong increases in demand, notably from overseas and inbound tourism,” Bhatti added.\n(Updates with NFT and equities sections.)', 'Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin cryptocurrencies. However, Solana and XRP both gained more than 4%. U.S. stocks jumped Friday as a deal was approved to raise the debt ceiling, with the billsignedby U.S. President Joe Biden on Saturday to avoid a government default. U.S. Stock futures weretrading flaton Monday morning in Asia. Investor focus has shifted to what will be the next move on interest rates by the Federal Reserve when it meets on June 14.\nBitcoin edged up 0.87% over the last 24 hours to US$27,309 at 7:00 a.m. in Hong Kong, but is down 2.84% in the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fell to as low as $26,574 on Friday.\nEther traded 0.67% higher in the past 24 hours to US$1,904, little changed for the week.\nMost other top 10 non-stablecoin cryptocurrencies traded flat. The exceptions were a 4.69% price jump for Solana, and a 4.19% gain for XRP.\nSolana’s move comes just as non-fungible token (NFT) secondary sales on the Solana network rose 21.62% over the last 24 hours, according todatafrom CryptoSlam.\nXRP is up 12.06% over the past week, gaining momentum after the XRP community reacted to the draft bill Digital Asset Market Structure ProposalreleasedFriday by Republicans that seeks clarity in regulating cryptocurrencies as securities or commodities. Pro-XRP lawyer Jeremy Hogantweetedthat the discussion draft could be known as an “XRP holder protecting” act.\n“Investor sentiment across both digital assets as well as traditional finance appears to be in a holding pattern waiting for further indications from the U.S. Federal Reserve and other central banks as to anticipated interest rate movements in the third quarter of this year,” Nathan Simmons, chief compliance officer of Hong Kong-based digital asset platform VDX, said late Friday.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdropped 1.58% to 3,281.22 in the 24 hours to 9:30 a.m. in Hong Kong, adding to a 2.38% weekly loss.\nTheForkast ETH NFT Compositeindex was down 1.17% in the same period, logging a 1.38% weekly decline.\nNFT sales on Ethereum fell 10% over the last 24 hours to US$23.65 million, but gained 83.97% in the past week. Sales on the Bitcoin network dropped 31.9% to US$3.82 million, but still recorded a 30% weekly increase.\nBored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$5.1 million, followed by Azuki’s US$3.4 million and Mutant Ape Yacht Club’s US$1.7 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 45.24% drop to US$1.4 million in sales over the past 24 hours, but its seven-day sales gained 7.85%.\nDMarket, a Mythos blockchain-based collection of gaming NFTs, continued gaining momentum with a 18.34% rise in sales to US$1.35 million in the last 24 hours.\nNotably, the number of NFT transactions reached 8.9 million in May, the largest since February 2022, according to CryptoSlam data.\n“Before we get too excited we need to understand that the NFT landscape is vastly different from last year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, wrote in acommentaryon Sunday.\n“Today, we have projects like DMarket’s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn’t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses,” Petscher added.\nU.S. stock futures traded mixed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, while S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.32%.\nCrude oil pricesroseafter the OPEC+ group of oil-producing countries on Sundaydecidedto extend output cuts through next year, which could be an inflationary factor.\nOn Saturday, U.S. President Joe Biden signed into law a bill to avoid a government default. The bill, passed by the U.S. Senate on Thursday, would suspend the U.S.’ debt limit through January 1, 2025.\n“I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid,” Bidentweetedon Saturday.\nIn Asia, China’s services sector extended its recovery in May, with Caixin China General Services Purchasing Managers’ index (PMI)climbingto 57.1 from April’s 56.4.\n“Both services supply and demand expanded further in May,” Wang Zhe, senior economist of Caixin Insight Group, said in the PMIreport. “Services activity continued to rebound after China scrapped its ‘zero-Covid’ policy in December.”\nJapan’s service sector also expanded in May, according tosurveysby au Jibun Bank. Its Japan Services PMI for May came in at 55.9, or higher than 55.4 in April.\n“The Japanese service sector continued on its upward trend that began at the end of last year during May, with latest PMI data pointing to back-to-back record increases in business activity, new orders and exports,” Usamah Bhatti, an economist at S&P Global Market Intelligence, said in the report.\n“Firms were buoyed by the easing of the few remaining pandemic restrictions and have noted strong increases in demand, notably from overseas and inbound tourism,” Bhatti added.\n(Updates with NFT and equities sections.)', 'Good morning. Here’s what’s happening: Prices: As Asia\'s trading day begins with a minor rise in Bitcoin and dip in Ether, experts predict a pre-FOMC market correction, underlining digital assets\' resilience amid US regulatory and debt challenges. Insights: The decline in the bitcoin options put/call ratio suggests that crypto investors are less worried than they were in June as U.S. lawmakers clashed over raising the country\'s debt ceiling. Prices CoinDesk Market Index (CMI) 1,185 +3.1 ▲ 0.3% Bitcoin (BTC) $27,109 +39.7 ▲ 0.1% Ethereum (ETH) $1,890 −2.9 ▼ 0.2% S&P 500 4,282.37 +61.4 ▲ 1.5% Gold $1,965 +12.5 ▲ 0.6% Nikkei 225 31,524.22 +376.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,185 +3.1 ▲ 0.3% Bitcoin (BTC) $27,109 +39.7 ▲ 0.1% Ethereum (ETH) $1,890 −2.9 ▼ 0.2% S&P 500 4,282.37 +61.4 ▲ 1.5% Gold $1,965 +12.5 ▲ 0.6% Nikkei 225 31,524.22 +376.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin and Ether Are Still Thriving As Asia begins its trading day, bitcoin is up 0.1% to $27,109, while Ether is down slightly to $1,890. BitBull Capital’s Joe DiPasquale says the theme this week will be correction and consolidation before the next FOMC meeting minutes are released on June 14. “We had been expecting a correction and consolidation between $25K and $27K levels, and that’s what we have been witnessing over the last month,” he told CoinDesk in a note. “While we haven’t had a major test of $30K, another attempt of the key resistance level would not be surprising.” Mark Connors, head of research for digital asset manager 3iQ, points out that it\'s impressive that the digital asset market is still thriving despite the hostile regulatory environment in the U.S. This is all thanks to a market that continues to be concerned about the unprecedented debt issuance within the U.S. Story continues “With equity and debt markets wondering how much the U.S. Treasury\'s renewed debt issuance will impact liquidity and thereby market prices, digital assets are taking matters into their own hands,” he wrote to CoinDesk. Connors writes that despite 2023\'s focus on Bitcoin\'s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum\'s post-merge performance, including an unexpected non-impact of staking \'unlock,\' increased staking demand, and realized deflationary promise with over 250k ETH \'burned,\' is garnering market attention. “So while the fate of the $500 trillion equity and debt markets hinges on the ability of central banks and treasury departments to provide much-needed liquidity, the bellwether digital assets bitcoin and ether are taking care of business, and the market is responding – even if institutions and regulators are not,” he told CoinDesk. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +11.5% Smart Contract Platform Decentraland MANA +4.4% Entertainment XRP XRP +3.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −1.5% Entertainment Polygon MATIC −0.9% Smart Contract Platform Polkadot DOT −0.8% Smart Contract Platform Insights Bitcoin Put/Call Ratio Declines Following Recent Debt Deal Derivatives data shows a recent reduction in a metric that is prone to rise when bearish sentiment increases. The bitcoin options put/call ratio across exchanges is currently 0.47, down from 1.34 to begin in June. (Glassnode) The buyer of a put has purchased the right to sell the asset at a specified price, while the buyer of a call is purchasing the right to buy the asset. The relationship between the two can indicate investor sentiment, particularly when rising or falling to extreme levels The volume of purchased puts and calls is measured over the most recent 24 hours, with levels above one signaling bearishness, and levels below one implying the opposite. The recent decline indicates that fewer traders are looking to purchase downside protection against future price declines. The spike in protection toward the end of the prior month, was likely tied to concerns about the debt deal recently agreed to by Democrats and Republicans. Important events. 9:45 a.m. HKT/SGT(1:45 UTC) China Caixin Services PMI (May) 10:00 p.m. HKT/SGT(14:00 UTC) United States ISM Services PMI (May) 7:30 a.m. HKT/SGT(23:30 UTC) Japan\'s Overall Household Spending (YoY/April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong : Bitcoin (BTC) was rising slightly above $27,000 after the U.S. added 339,000 in May, which was better than economists\' expectations. Coinbase institutional head of research David Duong shared his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the impact of Hong Kong\'s Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacted to the latest state legislation impacting bitcoin miners in Texas. Headlines DeFi Tokens Rose in a Turbulent Week, CoinDesk Market Index : Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds. Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software : The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April. Sotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion : Sotheby’s will sell Dmitri Cherniak\'s landmark NFT at a live auction this month, while Mercedes Benz released the \'Maschine\' and Nike teamed up with EA Sports. Coinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures : These products come on the back of the nano futures that were launched last year. Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain : The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.', 'Good morning. Here’s what’s happening:\nPrices:As Asia\'s trading day begins with a minor rise in Bitcoin and dip in Ether, experts predict a pre-FOMC market correction, underlining digital assets\' resilience amid US regulatory and debt challenges.\nInsights:The decline in the bitcoin options put/call ratio suggests that crypto investors are less worried than they were in June as U.S. lawmakers clashed over raising the country\'s debt ceiling.\nCoinDesk Market Index (CMI)\n1,185\n+3.1▲0.3%\nBitcoin (BTC)\n$27,109\n+39.7▲0.1%\nEthereum (ETH)\n$1,890\n−2.9▼0.2%\nS&P 500\n4,282.37\n+61.4▲1.5%\nGold\n$1,965\n+12.5▲0.6%\nNikkei 225\n31,524.22\n+376.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+3.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,109", "+39.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,890", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,282.37", "+61.4\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,965", "+12.5\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,524.22", "+376.2\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin and Ether Are Still Thriving\nAs Asia begins its trading day,bitcoin is up 0.1%to $27,109, whileEther is down slightlyto $1,890.\nBitBull Capital’s Joe DiPasquale says the theme this week will be correction and consolidation before the next FOMC meeting minutes are released on June 14.\n“We had been expecting a correction and consolidation between $25K and $27K levels, and that’s what we have been witnessing over the last month,” he told CoinDesk in a note. “While we haven’t had a major test of $30K, another attempt of the key resistance level would not be surprising.”\nMark Connors, head of research for digital asset manager 3iQ, points out that it\'s impressive that the digital asset market is still thriving despite the hostile regulatory environment in the U.S. This is all thanks to a market that continues to be concerned about the unprecedented debt issuance within the U.S.\n“With equity and debt markets wondering how much the U.S. Treasury\'s renewed debt issuance will impact liquidity and thereby market prices, digital assets are taking matters into their own hands,” he wrote to CoinDesk.\nConnors writes that despite 2023\'s focus on Bitcoin\'s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum\'s post-merge performance, including an unexpected non-impact of staking \'unlock,\' increased staking demand, and realized deflationary promise with over 250k ETH \'burned,\' is garnering market attention.\n“So while the fate of the $500 trillion equity and debt markets hinges on the ability of central banks and treasury departments to provide much-needed liquidity, the bellwether digital assets bitcoin and ether are taking care of business, and the market is responding – even if institutions and regulators are not,” he told CoinDesk.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+11.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+4.4%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Put/Call Ratio Declines Following Recent Debt Deal\nDerivatives data shows a recent reduction in a metric that is prone to rise when bearish sentiment increases. The bitcoin options put/call ratio across exchanges is currently 0.47, down from 1.34 to begin in June.\nThe buyer of a put has purchased the right to sell the asset at a specified price, while the buyer of a call is purchasing the right to buy the asset. The relationship between the two can indicate investor sentiment, particularly when rising or falling to extreme levels\nThe volume of purchased puts and calls is measured over the most recent 24 hours, with levels above one signaling bearishness, and levels below one implying the opposite.\nThe recent decline indicates that fewer traders are looking to purchase downside protection against future price declines. The spike in protection toward the end of the prior month, was likely tied to concerns about the debt deal recently agreed to by Democrats and Republicans.\n9:45 a.m. HKT/SGT(1:45 UTC)China Caixin Services PMI (May)\n10:00 p.m. HKT/SGT(14:00 UTC)United States ISM Services PMI (May)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan\'s Overall Household Spending (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong:\nBitcoin (BTC) was rising slightly above $27,000 after the U.S. added 339,000 in May, which was better than economists\' expectations. Coinbase institutional head of research David Duong shared his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the impact of Hong Kong\'s Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacted to the latest state legislation impacting bitcoin miners in Texas.\nDeFi Tokens Rose in a Turbulent Week, CoinDesk Market Index:Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds.\nMarathon Digital Mined 77% More Bitcoin in May With the Help of Its Software:The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April.\nSotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion:Sotheby’s will sell Dmitri Cherniak\'s landmark NFT at a live auction this month, while Mercedes Benz released the \'Maschine\' and Nike teamed up with EA Sports.\nCoinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures:These products come on the back of the nano futures that were launched last year.\nCredit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain:The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.', 'Good morning. Here’s what’s happening:\nPrices:As Asia\'s trading day begins with a minor rise in Bitcoin and dip in Ether, experts predict a pre-FOMC market correction, underlining digital assets\' resilience amid US regulatory and debt challenges.\nInsights:The decline in the bitcoin options put/call ratio suggests that crypto investors are less worried than they were in June as U.S. lawmakers clashed over raising the country\'s debt ceiling.\nCoinDesk Market Index (CMI)\n1,185\n+3.1▲0.3%\nBitcoin (BTC)\n$27,109\n+39.7▲0.1%\nEthereum (ETH)\n$1,890\n−2.9▼0.2%\nS&P 500\n4,282.37\n+61.4▲1.5%\nGold\n$1,965\n+12.5▲0.6%\nNikkei 225\n31,524.22\n+376.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,185", "+3.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,109", "+39.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,890", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,282.37", "+61.4\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,965", "+12.5\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,524.22", "+376.2\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin and Ether Are Still Thriving\nAs Asia begins its trading day,bitcoin is up 0.1%to $27,109, whileEther is down slightlyto $1,890.\nBitBull Capital’s Joe DiPasquale says the theme this week will be correction and consolidation before the next FOMC meeting minutes are released on June 14.\n“We had been expecting a correction and consolidation between $25K and $27K levels, and that’s what we have been witnessing over the last month,” he told CoinDesk in a note. “While we haven’t had a major test of $30K, another attempt of the key resistance level would not be surprising.”\nMark Connors, head of research for digital asset manager 3iQ, points out that it\'s impressive that the digital asset market is still thriving despite the hostile regulatory environment in the U.S. This is all thanks to a market that continues to be concerned about the unprecedented debt issuance within the U.S.\n“With equity and debt markets wondering how much the U.S. Treasury\'s renewed debt issuance will impact liquidity and thereby market prices, digital assets are taking matters into their own hands,” he wrote to CoinDesk.\nConnors writes that despite 2023\'s focus on Bitcoin\'s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum\'s post-merge performance, including an unexpected non-impact of staking \'unlock,\' increased staking demand, and realized deflationary promise with over 250k ETH \'burned,\' is garnering market attention.\n“So while the fate of the $500 trillion equity and debt markets hinges on the ability of central banks and treasury departments to provide much-needed liquidity, the bellwether digital assets bitcoin and ether are taking care of business, and the market is responding – even if institutions and regulators are not,” he told CoinDesk.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+11.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+4.4%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Put/Call Ratio Declines Following Recent Debt Deal\nDerivatives data shows a recent reduction in a metric that is prone to rise when bearish sentiment increases. The bitcoin options put/call ratio across exchanges is currently 0.47, down from 1.34 to begin in June.\nThe buyer of a put has purchased the right to sell the asset at a specified price, while the buyer of a call is purchasing the right to buy the asset. The relationship between the two can indicate investor sentiment, particularly when rising or falling to extreme levels\nThe volume of purchased puts and calls is measured over the most recent 24 hours, with levels above one signaling bearishness, and levels below one implying the opposite.\nThe recent decline indicates that fewer traders are looking to purchase downside protection against future price declines. The spike in protection toward the end of the prior month, was likely tied to concerns about the debt deal recently agreed to by Democrats and Republicans.\n9:45 a.m. HKT/SGT(1:45 UTC)China Caixin Services PMI (May)\n10:00 p.m. HKT/SGT(14:00 UTC)United States ISM Services PMI (May)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan\'s Overall Household Spending (YoY/April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong:\nBitcoin (BTC) was rising slightly above $27,000 after the U.S. added 339,000 in May, which was better than economists\' expectations. Coinbase institutional head of research David Duong shared his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the impact of Hong Kong\'s Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacted to the latest state legislation impacting bitcoin miners in Texas.\nDeFi Tokens Rose in a Turbulent Week, CoinDesk Market Index:Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds.\nMarathon Digital Mined 77% More Bitcoin in May With the Help of Its Software:The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April.\nSotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion:Sotheby’s will sell Dmitri Cherniak\'s landmark NFT at a live auction this month, while Mercedes Benz released the \'Maschine\' and Nike teamed up with EA Sports.\nCoinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures:These products come on the back of the nano futures that were launched last year.\nCredit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain:The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.', "Rosbank, one of Russia's largest banks, is reportedly venturing into the world of cryptocurrencies to facilitate cross-border payments. Despite being sanctioned by the U.S. Treasury Department last year, Rosbank has already conducted pilot transactions using digital assets, involving both corporate and private clients. While the specific cryptocurrency being used has not been disclosed, Rosbank is collaborating with fintech firm B-Crypto for the project. This move aligns with the statements made by Rosbank's owner, Vladimir Olegovich Potanin, who believes that tokenized assets and a central bank digital currency could drive the country's progress in the digital economy.\nRussia's stance on cryptocurrencies has been mixed. While the central bank expressed support for banningBitcoinmining and transactions, the finance ministry advocates for innovation and calls for regulation rather than stifling the industry. President Vladimir Putin has even suggested that Russia could become a Bitcoin mining hub. Additionally, the government recently abandoned plans for a state-run crypto exchange, opting instead to regulate private digital asset companies.", "Russia's Rosbank to Use Crypto for Cross-Border Transactions Russia's Rosbank to Use Crypto for Cross-Border Transactions Rosbank, one of Russia's largest banks, is reportedly venturing into the world of cryptocurrencies to facilitate cross-border payments. Despite being sanctioned by the U.S. Treasury Department last year, Rosbank has already conducted pilot transactions using digital assets, involving both corporate and private clients. While the specific cryptocurrency being used has not been disclosed, Rosbank is collaborating with fintech firm B-Crypto for the project. This move aligns with the statements made by Rosbank's owner, Vladimir Olegovich Potanin, who believes that tokenized assets and a central bank digital currency could drive the country's progress in the digital economy. Russia's stance on cryptocurrencies has been mixed. While the central bank expressed support for banning Bitcoin mining and transactions, the finance ministry advocates for innovation and calls for regulation rather than stifling the industry. President Vladimir Putin has even suggested that Russia could become a Bitcoin mining hub. Additionally, the government recently abandoned plans for a state-run crypto exchange, opting instead to regulate private digital asset companies.", "Mercado Bitcoin, a cryptocurrency exchange in Brazil, has received a license from the country's central bank to operate as a payment provider. This will allow the company to launch its fintech service MB Pay, which will offer digital banking solutions to its users using crypto assets. MB Pay will enable users to invest in digital fixed income, stake their crypto, and access other financial transactions. The company also plans to introduce a debit card that will allow users to convert their crypto into fiat currency.\nMercado Bitcoin is one of the leading crypto exchanges in B Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,685,609,725 - Hash Rate: 351468446.2892638 - Transaction Count: 359254.0 - Unique Addresses: 610475.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Binary Guardian Denver, CO, May 03, 2023 (GLOBE NEWSWIRE) -- Binary Guardian is one of the fastest growing online binary brands in the world. Voted the best crypto binary platform. The mission is to provide the most innovative binary experience. Also, binary guardian aims to deliver a first-class experience to digitally inclined traders, regardless of the size of their accounts. First founded in 2022 by a team of talented IT and FinTech specialists who wanted to prove that people dont need to compromise to earn on binary options, Binary Guardian has grown massively and now has over expanding members in 14 countries and counting! The platform is constantly working to ensure it is fast, accurate, and easy to use. INTRODUCING INSURED TRADE PLAN Over the past decade, since the internet debut of Bitcoin, cryptocurrency trading has become increasingly popular. Cryptocurrencies are digital coins which are created using blockchain or peer-to-peer technology that uses cryptography for security. Binary Guardian is offering multi-pairs of trending crypto around the world. As an API partner with world-recognized exchanges Binance and Trade View, the platform provides 24/7 Real-time Live Market Data, timely and accurate price charts, advanced charting tools, and more. Binary Guardian is now proudly presenting Insured Trade Plan for every trader. Traders can now trade and earn a fixed trading revenue daily by subscribing to the Insured Trading Plan. This Insurance plan covers every premium loss within 6 trades. Hence, traders can enjoy 0% risk of losing capital and navigate to maximise their trading profit. Varying degrees of coverage for different levels of hedging. SAFE AND TRUSTWORTHY PLATFORM As a regulated platform, Binary Guardian operates in a highly regulated environment, complying with relevant regulations and standards to ensure the safety of traders. Trust, transparency, and accountability always drive greater business impact. Binary Guardian has been regulated with MSB licences from the US Department of Treasury and is certified in good standing by the Colorado Secretary of State. We are ensuring compliance with all relevant rules and regulations under the supervision of the Financial Crimes Enforcement Network (FinCen) as well. Story continues In conclusion, Binary Guardian strives to provide innovative financial solutions to give users the edge they need in trading. Traders with absolute confidence and beat the market. Unleash a traders trading potential like never before. CONTACT: KIN JACK BINARY GUARDIAN CO., LTD hello-at-binaryguardian.io... - Reddit Posts (Sample): [['u/JerSucks', 'ITZY Weekly Discussion & Recap for May 29, 2023 - June 4, 2023', 18, '2023-06-05 00:23', 'https://www.reddit.com/r/ITZY/comments/140slrn/itzy_weekly_discussion_recap_for_may_29_2023_june/', '#Weekly Recap for May 29, 2023 - June 4, 2023\n\nWelcome to the r/ITZY Weekly Discussion & Recap!\n\nIn this thread we compile everything [ITZY](https://i.imgur.com/NecZAIu.jpg) has done this week for people who can\'t quite keep up with it all!\n\nThis post now also serves as our Weekly MIDZY Discussion Thread! That means this is an anything goes discussion thread. Feel free to talk about anything you\'d like with other MIDZY! All we ask is that you keep it safe for work!\n\n---\n\nCHESHIRE Era Stream Links \| \n\|--\|\n[Cheshire Music Video](https://youtu.be/zugAhfd2r0g) \|\n[Boys Like You Music Video](https://youtu.be/6uZy86ePgO0) \|\n[CHESHIRE on Spotify](https://open.spotify.com/album/2a1ezg7hE6Dyuymv1aCnkm?si=a55f8f9a8d734954) \|\n[CHESHIRE Album Discussion Thread](https://redd.it/z8ml5g)\n\n--\n\nLia - One Hundred Love (Romantic Doctor 3 OST Part.5) \|\n\|--\|\n[One Hundred Love](https://youtu.be/sQlaermnufs) \|\n[One Hundred Love (Making Ver.)](https://youtu.be/iphcBamQrjI) \|\n[On Hundred Love on Spotify](https://open.spotify.com/album/3tbF7tfZeQa9WnXmpclfiF?si=-RBgXMl7Q-OphBTcWJSXiw) \|\n\n--\n\nBlah Blah Blah Stream Links \| \n\|--\|\n[Blah Blah Blah Music Video](https://youtu.be/F-QTb-0wRGk) \|\n[Can\'t tie me down](https://www.youtube.com/watch?v=KHr4VVzE3zQ) \|\n[Blah Blah Blah on Spotify](https://open.spotify.com/track/5wOWpaKW92jhcm8pBOlrdR) \|\n\n\n\n---\n\n#Megathreads\n\n\|Thread\|\n--\|--\n\| [The First Album "CRAZY IN LOVE" (Era Recap)](https://redd.it/vnc53q)\n\| [The 1st World Tour "CHECKMATE" in North America (Megathread)](https://www.reddit.com/r/ITZY/comments/vng6x6/itzy_the_1st_world_tour_checkmate_in_north/)\n\| [The 1st World Tour "CHECKMATE" in SEA Megathread](https://redd.it/yqycl9)\n\| [The 6th Mini Album "CHESHIRE" (Pre-order Guide)](https://www.reddit.com/r/ITZY/comments/ysmu3k/itzy_the_6th_mini_album_cheshire_preorder_guide/)\n\n\n\n---\n\n##Teasers\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230531 \| [ITZY - The 1st World Tour in Seoul (DVD & Blu-ray Preview)](https://youtu.be/p-nVyaIFGg8) \| [Thread](https://redd.it/13w7tl3)\n\n\n---\n\n##Social Media\n\n*Twitter\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230531 \| [ITZY - The 1st World Tour in Seoul (Pre-order & Packaging)](https://twitter.com/ITZYofficial/status/1663726996185309184) \| [Thread](https://redd.it/13w95rf)\n230531 \| [Lia & Chaeryeong - 📻 ITZY <Buddy Date> 📻 🎙 DJ & Corner Notification of the Week](https://twitter.com/ITZYofficial/status/1663832701898485760) \| [Thread](https://redd.it/13wjuju)\n230602 \| [Lia & Chaeryeong - ITZY <Buddy Date> - Guessing each other\'s quiz 🙋 #CHERRY](https://twitter.com/ITZYofficial/status/1664557479873896448) \| [Thread](https://redd.it/13y829t)\n230602 \| [Lia & Chaeryeong - Playlist of today\'s <Buddy Date> DJ #CHERRY💕](https://twitter.com/ITZYofficial/status/1664565016748515328) \| [Thread](https://redd.it/13y82kx)\n230604 \| [Chaeryeong - B-DAY TRACK #65 “CHAERYEONG” (Teaser)](https://twitter.com/ITZYofficial/status/1665282243252879365) \| [Thread](https://redd.it/1406y2n)\n230605 \| [Happy Chaeryeong Day!](https://twitter.com/ITZYofficial/status/1665372841431420929) \| [Thread](https://redd.it/140gxsm)\n\nInstagram\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230528 \| [Yuna Update](https://www.instagram.com/p/CsxjvH9SNFW) \| [Thread](https://redd.it/13ts4gm)\n230530 \| [Yuna Update](https://www.instagram.com/p/Cs2szfny82p/?hl=en)) \| [Thread](https://redd.it/13vi9p2)\n\n\nMisc SNS\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230528 \| [BOY STORY Douyin Update with Yeji & Ryujin - 哈?!(What’s Poppin) Challenge](https://v.redd.it/dipff9fydm2b1) \| [Thread](https://redd.it/13u87zs)\n230529 \| [kutv.official Instagram Update with ITZY [1]](https://www.instagram.com/p/Cs0HKDrPA3X) \| [Thread](https://redd.it/13usnx3)\n230529 \| [kutv.official Instagram Update with ITZY [2]](https://www.instagram.com/p/Cs0FCbqvU59) \| [Thread](https://redd.it/13usnx3)\n\n\n---\n\n##Videos\n\n\nOfficial Videos (kr)\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230528 \| [Lia - One Hundred Love (Romantic Doctor 3 OST Part.5)](https://youtu.be/sQlaermnufs) \| [Thread](https://redd.it/13v4s7w)\n230530 \| [ITZY? ITZY! EP.137](https://youtu.be/g_B35gcN1nY) \| [Thread](https://redd.it/13vl311)\n230601 \| [IT\'z TOUR BOOK EP.22](https://youtu.be/rhPaO_sxIpA) \| [Thread](https://redd.it/13xci4o)\n230602 \| [Buddy Date EP.09 (Lia & Chaeryeong)](https://youtu.be/dUW4zqgsmKU) \| [Thread](https://redd.it/13y7n2f)\n230605 \| [Chaeryeong - Blueming (Orig. IU)](https://youtu.be/BxZSa6rcctU) \| [Thread](https://redd.it/140fmm5)\n\n---\n\n\n###Member Subs - r/Yeji - r/ChoiJisu - r/Ryujin - r/Chaeryeong - r/Yuna\n \n###Memes & Media Subs - r/itzymemes - /r/MIDZY \n\n##Subreddit Links & Info\n\n[Last weeks Recap](https://redd.it/13uk99m)\n\n[Weekly Recap Archive](https://www.reddit.com/r/ITZY/wiki/recap)\n\n[Variety Appearance Archive](https://www.reddit.com/r/ITZY/wiki/variety)\n\n[Performance Archive](https://www.reddit.com//r/ITZY/wiki/music-shows)\n\n[V LIVE Archive](https://www.reddit.com//r/ITZY/wiki/vlive)\n\n[Discography](https://www.reddit.com//r/ITZY/wiki/discography)\n\n---\n\n##[ITZY Discord](https://discord.gg/kxWER8p)', 'https://www.reddit.com/r/ITZY/comments/140slrn/itzy_weekly_discussion_recap_for_may_29_2023_june/', '140slrn', [['u/satomatic', 12, '2023-06-05 03:16', 'https://www.reddit.com/r/ITZY/comments/140slrn/itzy_weekly_discussion_recap_for_may_29_2023_june/jmxn6zu/', 'anyone think the next project will feature itzy writing credits? it’s long overdue and i know at least some, if not all, the members have been writing and composing when they have a free moment. \n\nitzy is at a point in time where they really deserve to be contributing to their own material and it would be a new element for the fanbase to appreciate.', '140slrn']]], ['u/SufficientDrink187', '5 Bitcoin to retire in 2025?', 94, '2023-06-05 01:15', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/', 'I was discussing today with a few fellow bitcoiners about the 2024/2025 possible halving outcome, and the purchasing power of bitcoin enough to retire (lean fire, nothing to fancy, just stop working and replace income with bitcoin selling each month) at 35/40.\n\nWe calculated an aproximate of 2M needed to retire living a frugal life. Giving we are pretty young, but we would ONLY sell the needed sats to survive each month, the remaining stash would appreciate over time.\n\nSome said 3 would be enough, others said 5, others said 8-10, and the most pessimistic one said 50 btc.\n\nI said 8. I think 250k is a real possibility, so 8 would give the 2M usd needed.\n\nI wanted to add a few more opinions about this. Given this conditions, how many you think would be enough to reach 2M in 2024/2025?\n\nEdit: as a Maxi, I hate still thinking in USD conversions and value, but reality hits hard here and we will still need to think in USD value for the next couple of years at least.', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/', '140u4f0', [['u/SocalDistortion', 90, '2023-06-05 01:32', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxa6de/', "With each peak comes a massive 70-80% drawdown. Using your Sats to live off of on a monthly basis may be difficult during the bear market. \n\nI think if you were to try and live off Bitcoin, you'd need to sell enough at this next top to account for living expenses the next 4 years. Of course this assumes the 4 year cycle remains in-tact.\n\nThere is always the possibility of using your Bitcoin and taking out a loan against it as well. Live off the loan, pay the loan down with another loan or negotiate to extend. Hopefully there will be good competitive loan products out in a couple years.", '140u4f0'], ['u/Umpire_State_Bldg', 20, '2023-06-05 01:36', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxaow5/', "You're:\n thinking\n* planning\n* discussing the future in a rational way\n\nThis puts you far, far ahead of the average...", '140u4f0'], ['u/SufficientDrink187', 13, '2023-06-05 01:39', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxb44o/', 'That’s the only why my mind works. Sadly, it usually ends in lots of suffering. \n\nbut if my calculations and speculation works like I think it will, getting out of the rat race and being free from work (my biggest goal in life and the reason I’m all in in BTC) suddenly becomes achievable, and that gives me a very dangerous sense of hope.', '140u4f0'], ['u/MMinjin', 36, '2023-06-05 02:08', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxemaq/', "First. No way.\n\nSecond. 2M is probably too low to retire in your thirties with very uncertain inflation. If you run out of money and need to come back in your 40s/50s, good luck with age bias and no recent job experience. You really need to sock it away to retire that early. Very risky if you don't. And depending on a single asset to maintain value for the next 50 years? You've definitely taken your fill of the kool aid.\n\nedit: I see from your post history that you are Argentinian. If that's the case then the 2M figure might be fine after all but my point still stands on being very careful before you throw away your most productive years. Coming back to the work force won't be easy.", '140u4f0'], ['u/billy_bitchtits', 15, '2023-06-05 02:17', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxfs9h/', '"I think 250k is a real possibility"\n\nwhat makes you think this?', '140u4f0'], ['u/Electrical_Catch', 14, '2023-06-05 02:23', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxglgp/', "I'll just say this when everyone thinks something will happen it usually doesn't i.e. BTC 100k December 2021. Ppl thinking it will go to to 250k next cycle. I don't see it happening for a myriad of reasons including this one where it usually goes opposite of what most ppl think will happen. I don't see it cracking 100k next cycle IF there is even a cycle anymore.", '140u4f0'], ['u/HaveRewengey', 32, '2023-06-05 04:42', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxxu9g/', "The only issue is that you're relying on being able to time the market. If you get it wrong and BTC takes off, or the draw down is too much, you'll potentially lose your stack.", '140u4f0'], ['u/GooglephonicStereo', 11, '2023-06-05 04:44', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxy0cx/', "That's oligarchy propoganda", '140u4f0'], ['u/Iamgod189', 19, '2023-06-05 04:46', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmxy8iq/', 'This plan is really dumb, like all other leanfire plans.\n\nBest plan is to build wealth to that point. Then work part time to pay for expenses.\n\nRetiring at 35ish has a huge chance of failure later on. Also, what are you going to do? Mind as well work a small amount to be in a good spot.', '140u4f0'], ['u/TreS-2b', 10, '2023-06-05 05:22', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy2bkj/', "I don't love labor.", '140u4f0'], ['u/Sea-Deer-6355', 27, '2023-06-05 05:27', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy2uln/', 'If you have 5 BTC you’ll be able to retire in the next bull run….if you live in the Philippines.', '140u4f0'], ['u/looneytones8', 10, '2023-06-05 05:54', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy5pd6/', 'Bitcoin has crossed the event horizon', '140u4f0'], ['u/Kwicksred', 17, '2023-06-05 06:38', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmy9wk1/', 'Exactly this will happen', '140u4f0'], ['u/Secret_Operative', 14, '2023-06-05 06:51', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmyb5kn/', "It's too funny that people think not having a job means you'll have nothing to do during the day. Use your imagination.", '140u4f0'], ['u/ScamJustice', 11, '2023-06-05 07:53', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmygfn9/', 'Keep working until 2030. 5 BTC will be more than enough to retire early', '140u4f0'], ['u/good0798', 43, '2023-06-05 08:02', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmyh46c/', 'So instead of actually possessing the net worth required to support your plan … your plan is to possess roughly 1/9th of the assets required and then assume that they will appreciate by 930+% in time to support the plan???\n\nGreat plan. Good luck with that.', '140u4f0'], ['u/kerstn', 10, '2023-06-05 08:45', 'https://www.reddit.com/r/Bitcoin/comments/140u4f0/5_bitcoin_to_retire_in_2025/jmykh2p/', 'I think this is the most prudent approach. The 4 year from a high-level or top-level might not be higher but is more likely to be in a similar range.\n\nThus wait for your number, maybe with a buffer and take 4-5 years of expenses back to currency. This way if the next cycle goes just slightly higher and you miss the top you should most definitely be okay.', '140u4f0']]], ['u/Klutzy_Squash', 'Someone used Bitcoin IRL to hire a hitman and got caught because of it', 92, '2023-06-05 04:05', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/', 'The Bitcoin led to the identity of the person who put out the hit because Coinhub got subpoenaed. Oh the irony.\n\nhttps://nypost.com/2023/06/04/woman-arrested-for-hiring-hitman-to-kill-wife-of-man-she-met-on-match-com/', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/', '140yoy0', [['u/ButtAnuston', 76, '2023-06-05 04:26', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmxvva2/', "SMDH, overreaching Orwellian GOVERNMENT not letting me kill my lover's spouse with my freedom coins 😤", '140yoy0'], ['u/RedneckOfFlatLands', 45, '2023-06-05 04:54', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmxz8x2/', "Bitcoin isn't even good for crime anymore.\n\nNext time she should use Monero!", '140yoy0'], ['u/Doughspun1', 26, '2023-06-05 05:42', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy4idb/', 'This would be a scam right? Like, why would an anonymous "hitman" who already has your coins actually commit the crime? \n\nThey are totally faceless to the buyer and face no repercussions.', '140yoy0'], ['u/amprok', 12, '2023-06-05 05:58', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy63hd/', 'I assume the payment was the deposit and the rest would be paid upon completion of the job. Also, lol crypto.', '140yoy0'], ['u/halloweenjack', 19, '2023-06-05 06:12', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy7ihb/', ">“This needs to appear to be random or accident. Or plant drugs, don’t want a lengthy investigation,” Sasser allegedly wrote on the now-defunct “Online Killers Market” site under the username “Cattree.”\n\nWait--there's [another one](https://www.nbcnews.com/news/us-news/parody-hitman-website-nabs-air-national-guardsman-allegedly-applied-co-rcna79927)? Guys, I--I'm starting to think that John Wick may not be real.", '140yoy0'], ['u/TheRealAndrewLeft', 13, '2023-06-05 06:13', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy7jm4/', "You would have an escrow smart contract that listens to an oracle that confirms the victim's dead certificate, only then the smart contract executes transferring your funds. \\s", '140yoy0'], ['u/Doughspun1', 13, '2023-06-05 06:15', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmy7s8v/', 'Well why not keep the deposit and lol at the sucker? No way is it worth the risk to do the actual crime!', '140yoy0'], ['u/GrandMoffTargaryen', 17, '2023-06-05 06:52', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyb6oq/', 'Yeah but if you cheat the woman hiring a hit man what if they hire a second hit man to kill you? And then a third once the second runs off with the money. It’s hit men all the way down.', '140yoy0'], ['u/Doughspun1', 18, '2023-06-05 07:28', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyebv0/', 'Plot twist: All those hitmen are the same guy who found a lifetime income from one mark', '140yoy0'], ['u/robot_slave', 43, '2023-06-05 07:37', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyf3dm/', 'It would be a scam because "hitman" is a job that pretty much only exists in movies and pulp novels.\n\nFrom the article:\n\n>...using a fitness app to send real-time updates and information to a fake assassination website that eventually tipped off police, the Daily Beast reports.\n\nSo what happened here is she sent bit-coin to a scam site, and then the scammers got so weirded out by her updates that they reported her to the police.', '140yoy0'], ['u/Mecha_Magpie', 11, '2023-06-05 12:26', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmyzwjx/', "Didn't this happen to the silk road guy? Like he commissioned multiple murders but all of them were scammers or FBI stings", '140yoy0'], ['u/barbe_du_cou', 30, '2023-06-05 12:44', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmz1ch4/', '>In December, prosecutors claim Sasser became active on the Online Killers Market website, often venting her frustration that no hitman had quickly taken the job. Sasser allegedly became so angry that she eventually took her complaints to the site administrator.\n\nLmao she asked for the manager of the hitman store', '140yoy0'], ['u/prigmutton', 10, '2023-06-05 14:44', 'https://www.reddit.com/r/Buttcoin/comments/140yoy0/someone_used_bitcoin_irl_to_hire_a_hitman_and_got/jmzd2dw/', 'Peak libertarian utopia', '140yoy0']]], ['u/Dull-Soup-2640', 'I sold everything I had to buy 0.51 bitcoin. And I was accumulating in celsius. I lost it all and I still buy bitcoin everyday.', 187, '2023-06-05 04:10', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/', "I'm 23, been buying since 20. Lost 0.51 btc in celsius which was my entire net worth. When it all vanished I had -$5000 to my name. (Cc debt). Got a low tier Job (20 an hour before tax/deductions, about 13/hr after tax and deductions) and cleared the debt. \n\nKept buying btc every single day with my paychecks. Put it in a ledger. Ledger extracts seed. Currently waiting for cold card.\n\nCurrently at 0.28. I could have been a whole coiner by now.\n\nI am 3 years away from a college degree.. No real money until 2027 when i graduate. Am I going to be a whole coiner by end of this year? I don't think I can make that much money. What do you guys think.", 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/', '140yt7w', [['u/Tipyapha', 78, '2023-06-05 04:20', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmxv3eu/', 'I had a lot of BTC locked in mtgox but I never stopped buying it. This is the way!', '140yt7w'], ['u/Automatic-Ad3612', 18, '2023-06-05 04:51', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmxyuu5/', 'i still don’t get why hard working folks will keep there net worth on a CEX ..', '140yt7w'], ['u/Vivid_Slip_918', 33, '2023-06-05 05:20', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmy25h1/', 'I had 3 then lost it all to bills and bad fortunes. Building again I’m at .02!', '140yt7w'], ['u/Kiwip0rn', 21, '2023-06-05 06:35', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmy9nbz/', "I once had 54 (or 56) BTC, today, I do not... I feel this. \n\nI paid off the house, bought 4 vehicles, and a beach condo. Everything seems to break when crypto is at its low. \n\nMy wife's SUV will never be worth 2.89 BTC ever again. And I really screwed up my trades during Brexit by betting the wrong direction, then Panic bought at the high.\n\nIf it wasn't for Bad Luck, I wouldn't have any luck at all.\n\nKeep your head up! I am (we are) retired on my crypto since March 2020; selling the main house moving to the condo, and will be buying all I can with the proceeds.", '140yt7w'], ['u/Difficult-Republic72', 16, '2023-06-05 07:24', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmye1g0/', 'This is super interesting. I personally think you came out of this really well and are setting yourself up for a second run on the next cycle. We all have some regrets but I would be really proud of what you achieved for your family! Would love to hear more in depth break down of the facts and figures if you wanted to share! (This is my exit strategy come 2026)', '140yt7w'], ['u/HighlySuccessful', 15, '2023-06-05 07:28', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyedfx/', "Advertising, and herd mentality. The same reason people bought Ledger devices for years even though it's always been one of the shadiest hw companies out there. These days the only commodity more scarce than Bitcoin seems to be critical thinking.", '140yt7w'], ['u/dima054', 13, '2023-06-05 07:39', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyfa15/', 'If you can live on 25% of your income you are doing pretty good.', '140yt7w'], ['u/Kiwip0rn', 15, '2023-06-05 07:50', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyg67b/', 'Your exit should be last week of October or 1st week of November 2025... (just saying).\n\nI got caught up with a Price Target instead of the dates of the Cycle in 2021, or I would not be on Social Media, presently. And I believe it is FTX\'s fault (on paper only BTC) we didn\'t hit the price I expected \n\nWe live modesty, and the family\'s 4 cars are all VWs. I/we have no use for Lambos and "stuff."\n\nI pull ~$1500 out a week (>$80K a year) to live on, making that Swing Trading the CME Gap every weekend (this week sucked). We have no real bills now that the house is paid off.\n\nI learned while working that my wife will spend every penny if I make $40k per year or $160K per year. So, she now has $80K right now. In late 2025, she might get a raise.\n\nI will be selling 80% or more in October/November 2025 with the full intention of being an HNWI and moving to Greece (or somewhere on the Mediterranean that isn\'t Turkey). \n\nIf people want to see me/us, I will buy them a ticket because I don\'t intend to ever come back to the US purposely.', '140yt7w'], ['u/Forever_Change', 15, '2023-06-05 08:00', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmyh06k/', "Bro same! I have 2.5btc on Celsius loans. It's been hell! It's been depressing. Its always on the back of my mind. I remember being hesitant to send the BTC but YouTube influencers were saying good things about it. I think this has been one of my worst mistakes. I'm 24 one year older than you. The 2.5 BTC plus the alt coins I had were worth 250k at ath, but just like you I had cc debt and had to sell the alts to pay off cc. I started over from $0. Hopefully I accumulate 2.5btc by 2025.", '140yt7w'], ['u/fverdeja', 14, '2023-06-05 09:03', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmylsx6/', 'The important part is that you understand the risks.\nNext time do a little more research on where you park your money, greed is the thieve of reason.\n\nYou can still use your ledger without updating as long as you use an Open Source wallet and never use Ledger live again.\n\nWith how much money you have already put into Bitcoin (two times) you should at least be a little more technical by necessity, do yourself a favour and put time instead of money.\n\nStop seeing Bitcoin as your one ticket out of poverty, that mentality will only destroy you again and again.', '140yt7w'], ['u/WineglassConnisseur', 15, '2023-06-05 09:05', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmym0gt/', 'Let’s be real. Self-custody is god damn terrifying. I do think it is the way to go, because if you let someone else or some institution custody anything you own, they will eventually steal all of it. Banks do this with savings via fractional reserve practices, and governments do this with land via property tax. Other assets don’t have this issue as much if you’re lucky, like stocks in the US have been a safe place for money, but you can’t know that you are in 1970s USA or some country that is otherwise indistinguishable but on a collision course with regime change.\n\nSo basically, self-custody and risk losing or having your Bitcoin stolen, or don’t self-custody and guarantee that your Bitcoin will eventually be stolen or siphoned off over a period of time.\n\nIdk, maybe I’m completely wrong with this take. But that’s what it seems like to me.', '140yt7w'], ['u/Davess010', 10, '2023-06-05 11:40', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmywl0h/', '>I learned while working that my wife will spend every penny if I make $40k per year or $160K per year. So, she now has $80K right now. In late 2025, she might get a raise.\n\nI had to laugh real hard because of this', '140yt7w'], ['u/iammasvidal', 13, '2023-06-05 13:15', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmz41ep/', 'Posts like this make me glad I never listened to any YouTube influencer. Buy send to cold storage for decades is the way', '140yt7w'], ['u/UnrealizedLosses', 10, '2023-06-05 14:35', 'https://www.reddit.com/r/Bitcoin/comments/140yt7w/i_sold_everything_i_had_to_buy_051_bitcoin_and_i/jmzc2r3/', 'Fuck you Alex Mashinsky', '140yt7w']]], ['u/AutoModerator', '[Daily Discussion] - Monday, June 05, 2023', 38, '2023-06-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/', '1411gjz', [['u/zluckdog', 15, '2023-06-05 07:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmyfij6/', "I'm still long ^^^term ^^^holder", '1411gjz'], ['u/cousin_brian', 22, '2023-06-05 10:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmyrwws/', 'I’m in it for the tech anyways', '1411gjz'], ['u/Yodel_And_Hodl_Mode', 10, '2023-06-05 11:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmyueq0/', "I endorse this message and I yodel, but I'm in it for the hodl.", '1411gjz'], ['u/Outrageous-Net-7164', 12, '2023-06-05 16:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmzmydh/', 'Wow !\n\nDisgusting prediction.\n\nHope your miles off 🤞🏼', '1411gjz'], ['u/delgrey', 23, '2023-06-05 17:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jmzvreq/', '"SEC Sues Binance and CEO Zhao of Breaking US Securities Rules"\n\nYay lets see if this shakes something loose.\n\n"The SEC has accused Binance of mishandling customer funds as well as lying to regulators and investors about its operations in 13 charges filed Monday.\n\nThe regulator said Binance had been mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by CZ.\n\nThe charges included misleading investors about the adequacy of its systems to detect and control manipulative trading. Regulators also said Binance did not take sufficient steps to restrict U.S. investors from accessing Binance’s unregulated exchange."', '1411gjz'], ['u/thewardser', 11, '2023-06-05 17:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn001bo/', "I've been short since $30,000\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/12z5qrt/daily_discussion_wednesday_april_26_2023/jhsllfs/", '1411gjz'], ['u/33virtues', 14, '2023-06-05 17:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0131u/', 'jeez\n\nstarting to feel like getting rich was easy compared to staying rich', '1411gjz'], ['u/delgrey', 12, '2023-06-05 17:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn019f6/', 'Funny thing is MSTR tanked an hour before the news broke out of CZ getting sued. Someone always knows something.', '1411gjz'], ['u/sl_crypto', 13, '2023-06-05 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn06l4f/', 'bear market while stocks go to the moon. just btc things', '1411gjz'], ['u/PatientlyWaitingfy', 10, '2023-06-05 18:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn079ty/', "BTC don't need Binance", '1411gjz'], ['u/puck2', 23, '2023-06-05 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn07u3v/', 'Binance is not Bitcoin. This is a "buy the dip moment', '1411gjz'], ['u/PieStraight541', 30, '2023-06-05 18:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn07xm0/', 'Sec sues binance is the new china bans bitcoin', '1411gjz'], ['u/borger_borger_borger', 10, '2023-06-05 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn08yuq/', "Most likely will be back above 26.5 within 24 hours. Headlines like these are great for opportunists and a guaranteed sell-high, buy-low trade. I personally don't see it dropping lower than 25.7 from here on, so if I had sold earlier I would be buying back in now.", '1411gjz'], ['u/noeeel', 17, '2023-06-05 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn094vi/', 'Buying here is a no brainer.', '1411gjz'], ['u/marsh2907', 27, '2023-06-05 19:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0dfv2/', "Love the SEC going after Binance to protect investors but in the process cause a market sell off. The SEC can go fuck themselves. They don't give a shit about the little guy.", '1411gjz'], ['u/PatientlyWaitingfy', 20, '2023-06-05 19:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0ds7e/', 'Bought back in at 25861 with the profits [taken at 27454](https://www.reddit.com/r/BitcoinMarkets/comments/13hwy0f/comment/jk7v0u9/?utm_source=share&utm_medium=web2x&context=3)\n\nTook 21 days, worth it', '1411gjz'], ['u/xtal_00', 11, '2023-06-05 19:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0gvg2/', 'This is about attacking off-ramps.\n\nThe SEC doesn’t give a shit about investors. FTX defrauded with impunity.', '1411gjz'], ['u/Order_Book_Facts', 11, '2023-06-05 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0jyxp/', 'You think it’s really a bad thing that CZ and his rich friends can’t play fuckboy games with special entitlements anymore? The crypto space will be better long term without this cancer.', '1411gjz'], ['u/ideit', 12, '2023-06-05 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0kd25/', "Down 5% in an hour over a Civil lawsuit isn't exactly ideal though", '1411gjz'], ['u/gore_skywalker', 14, '2023-06-05 19:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0lwrd/', 'Bullish long term. BNB ponzi and the Binance cartel need to be taken down before we can enter the next epoch.', '1411gjz'], ['u/_TROLL', 11, '2023-06-05 20:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0o7om/', "I think it's less about CBDCs than it is about diverting U.S. crypto business to favored establishment players, i.e. Fidelity, Schwab, maybe even JPMorgan... businesses that deliberately ignored and downplayed bitcoin for well over a decade, who now want in. But they otherwise can't compete from scratch against the likes of Binance and Coinbase. So they called their good friend Gary up to help them.", '1411gjz'], ['u/AccidentalArbitrage', 11, '2023-06-05 20:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0rbbf/', '2 years ago it would have been 25%.\n\n5 years ago it would have been 50%.', '1411gjz'], ['u/anon-187101', 11, '2023-06-05 20:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0s6ob/', '"Bitcoin, the world\'s biggest cryptocurrency, fell as much as 6% on the news..."\n\n"Binance\'s own...BNB...dropped by more than 5%."\n\n---\n\nIn what universe does that price action make sense?\n\nTells you all you need to know about cz casino games. He is propping up his shitcoin.', '1411gjz'], ['u/Outrageous-Net-7164', 14, '2023-06-05 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0uw1n/', 'All my bitcoins now finally stored on a ledger. \n\nWasn’t that complicated…… my irrational fear of managing my own keys has disappeared. \n\nI’m switching off now and forgetting about BTC for a few years. \n\nThank you to Gary G for the Binnance FUD as it pushed me to full self custody.', '1411gjz'], ['u/GenghisKhanSpermShot', 23, '2023-06-05 20:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0vn6v/', "You know how many times I have seen the SEC used as a pawn at bottoms. I think the big boys have them put out these announcements with no teeth to load up before the next run. Last time was XRP hitting .17 (I hate xrp fundamentally but not against using it for more BTC.) Charts lined up for a bottom and it went from .17 to $1.9. The SEC coming after them marked the bottom. I just played the charts and ignored the news and it worked put great. I think we're having another one of those moments with crypto as a whole.", '1411gjz'], ['u/PatientlyWaitingfy', 11, '2023-06-05 21:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn0woig/', "/u/spinbarkit What's the status on your all in long, did it survive this dump?", '1411gjz'], ['u/spinbarkit', 29, '2023-06-05 21:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn12nrb/', "ye I'm fucked", '1411gjz'], ['u/VictorCobra', 11, '2023-06-05 23:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1411gjz/daily_discussion_monday_june_05_2023/jn1dtv4/', "Well, it only took a couple weeks since my last post on here for something interesting to happen. Been waiting for Binance to get the heat for quite some time. \n\n$26k - $31K is a very clever distribution range because once $25k broke to the upside, it meant traders would naturally stack up buys above that level. This created a great opportunity for insiders to unload into those bids. My speculation is that Binance has been well aware of what's coming, and their BUSD liquidity injection during the banking crisis panic was their last play. \n\nClosing this week below the 200 week MA opens the door for new lows. As I noted in [this post](https://www.tradingview.com/chart/BTCUSDT/GVFHPvUQ-Bitcoin-Moving-Averages-And-Fractals/), Bitcoin/SPX showed even greater weakness than BTC/USD. For BTC/USD, the weekly death cross will further be solidified on a break below the 50 week MA ($22241 on Coinbase). \n\nI actually would have been building a short position between $28-31k, but after my successful round of trades I decided to sit things out. I've been worried about broader liquidity in crypto markets, and I think things are about to get a lot worse in that department. Not comfy on exchanges, and certainly not comfy with stablecoins. \n\nI do not think it's very likely $25k holds, but we'll see. I'm still long-term bearish. That's it from me for now! Good luck everyone.", '1411gjz']]], ['u/Dextradomis', 'Chase Glitches Out, Bitcoin Continues To Run Smoothy, General Population Surprised.', 260, '2023-06-05 06:09', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/', 'Chase online banking bug causes double transactions and fees https://www.foxbusiness.com/markets/chase-online-banking-bug-causes-double-transactions-and-fees\n\nBuy Some Sats, Make A Node, Join A Pool. Be Your Own Bank.', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/', '1411o9p', [['u/Schwanzerfaust', 46, '2023-06-05 06:39', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/jmy9zpe/', 'Bankers are downvoting your post. :)', '1411o9p'], ['u/Danthehat6969', 18, '2023-06-05 09:35', 'https://www.reddit.com/r/Bitcoin/comments/1411o9p/chase_glitches_out_bitcoin_continues_to_run/jmyo2n8/', 'As much as I dislike greedy banks, Can I give myself a mortgage?', '1411o9p']]], ['u/rBitcoinMod', 'Daily Discussion, June 05, 2023', 39, '2023-06-05 08:05', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14034sf/daily_discussion_june_04_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/', '14149in', [['u/escodelrio', 11, '2023-06-05 14:20', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/jmzafqb/', "Historical Bitcoin prices for today, June 5th:\r \n\r \n2023 - $26,773\r \n2022 - $29,913\r \n2021 - $35,520\r \n2020 - $9,631\r \n2019 - $7,779\r \n2018 - $7,632\r \n2017 - $2,705\r \n2016 - $575\r \n2015 - $225\r \n2014 - $660\r \n2013 - $122\r \n2012 - $5.4\r \n2011 - $16.7\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/05/2023 is $9,146.92.", '14149in'], ['u/escodelrio', 12, '2023-06-05 18:38', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/jn09xn9/', "If you get scared over Bitcoin dropping 5% you really need to study the history of BTC's fiat price. Just shrug it off and keep stacking sats. You just got a 5% discount.", '14149in'], ['u/Old-Form8787', 10, '2023-06-05 19:15', 'https://www.reddit.com/r/Bitcoin/comments/14149in/daily_discussion_june_05_2023/jn0fnfs/', "this one's on me: I bought yesterday", '14149in']]], ['u/EducatorTotal2952', 'little bit of dreaming', 17, '2023-06-05 12:40', 'https://www.reddit.com/r/IOTAmarkets/comments/141aaze/little_bit_of_dreaming/', 'Im just curious what you people think what would be the best case scenario for IOTA? We by now have some idea where all of this is going. I am of the opinion that we are kind of on a edge of something. I cannot point finger at it yet ,but something is cooking. Can I prove it? No. Is it possible that I am completely wrong? Yes. \n\nYou see, the fact to the matter is that old naratives of crypto are in a retreat. There are some pockets of change that are pointing to the fact that the old narative is still fighting and triing to gain ground. For example El salvador is starting to love bitcoin and the adoption is increasing there(in case you are not familiar they made bitcoin its legal tender). It is completely possible that high inflation countries will follow same path of adoption if they see success from El Salvador. That would mean that the crypto will be starting to replace old fiat currencies in the future. From the logical standpoint one could argue that the cryptocurrencies in general are the superior, more atuned form of representing value. Why? Becouse of the concept of decentralization, digital nature , deflation, and invulnerability to all known attacks. And the very important fact, they cannot be medled with its supply, flooded with liquidity from central authorities and that does mean alot. If they were used instead of FIAT ones we would never made such a mess with all this inflation. The world would go from high spending to high saving. People would still buy stuff they need and by default start getting richer instead of poorer by the passage of time. Wouldnt that make a better world then the current one which operates under the false premise of infinite growth but with finite resources? In a perfect world, what would be the currency that fits the standards of mass adoption? Well, It would have to be completly green, with no unnecesary spending of energy. It would have a finite supply, one that in reality reflects the finite resources we have as a species. It would be decentralised, which means no meddling by any authority, It would be completly safe in its protocol, and ligtning fast and scalable. Now I think IOTA checks so many boxes that it is impossible to ignore for anyone who is familiar with it. Whether the world is recognising that fact at this point is irrelevant. But it is a fact that cryptocurrencies ARE superior form of value transfer and IOTA IS superior to all the current top dogs of this space. Even with all the flaws it currently has. Lets compare Doge with IOTA. In what insane world does the value od Doge deserves the 20x of value compared to IOTA? A pump and dump joke that has 0 development and absolutly 0 value except occasional pump from Elon with his insane proposition of "strangest thing usually wins" out of the ass argument which makes 0 sense. The thing that usually wins is the one that is Best built to serve and do what it was designed to do. Now how does IOTA compare to BTC, the coin that has 1000x its value? The transactions cost for BTC can vary between 2$ and a fu\\in 60$ per transaction. Now imagine scaling this to 100X or 1000X. What would be cost then? 1000$? 2000$? How in the fu\\k is this superior to IOTA which has 0 transaction costs? Is BTC green? No it is far from it. It spends so much energy that entire countries can be powered instead. it is consuming 127 terawatt-hours (TWh) a year . For example, Croatia, country in which Im in , consumes 17 terawatt-hours (TWh) a year. A country with 4 million people. How is this superior to IOTA, a coin that wastes no energy? Or lets talk about bottlenecks of BTC transactions. When the networks is not clogged, the transaction times usually lasts dozens of minutes, but when its clogged, the transactions times can be hours. IOTA by comparison is faster by each transaction . You see what im getting at? Even with all flaws of current state of IOTA(and they will improve) I just cant find a valid reason why we should be this low and top dogs where they are. I see no valid reason why we should lose ground in crypto space except for idiotic moon boys and speculators who are currently dominating the market. If the market starts moving in the direction of fair value(and it is supposed and designed to be doing that) then the IOTA WILL start gaining ground. When and how it will exactly happed I dont know , but im placing my chips that it will happen. Cheers and <3 people', 'https://www.reddit.com/r/IOTAmarkets/comments/141aaze/little_bit_of_dreaming/', '141aaze', [['u/NiGhTShR0uD', 13, '2023-06-05 13:34', 'https://www.reddit.com/r/IOTAmarkets/comments/141aaze/little_bit_of_dreaming/jmz5r4s/', '\nPeople only care about decentralisation. Look at the recent hacks of centralised services.\n\nWhen COO is removed, people will start looking at IOTA again.', '141aaze']]], ['u/_BinoMOBB', 'Open: TorrentSeeds \| General', 21, '2023-06-05 13:20', 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/', "Tracker's Name:\tTorrentSeedsGenre:\tGeneralSign-up Link:\t[https://torrentseeds.org/register/NEWDAWN2023](https://torrentseeds.org/register/NEWDAWN2023)Closing date:\tN/AAdditional information:\tTS is a 0Day General Torrent Tracker based on Unit3D script. TS has both an IRC channel and shoutbox which are both unfortunately pretty quiet but with more users comes more noise. \nIf you are looking for a chat I suggest using the forums as they seem more active.\xa0 \nOn the homepage users can participate in polls, view current and past site news, recent uploads and site stats.\xa0 \nStaff are currently looking for uploaders so if you like to contribute this is your chance. \nTorrentSeeds has a healthy flow of uploads with my favourites being the TV guide and upcoming movie release guide. \nDonating will give you VIP access which includes no slot restrictions, immunity to auto-bans if your ratio drops, invitations (only for VIP!), \npremium support and priority for first line support. You can currently donate from as little as 5 EUR up to 80 EUR with all donation packages \noffering a nice compensation for keeping the servers paid, if donating via Bitcoin you will receive a 10% discount. \nTorrentSeeds offers a 'karma bonus points' system which is super easy to build a little nest egg and spend from there. \nUsers are spoilt on this site not for only variety of torrents but with the donation benefits and the karma bonus points exchange. \n\xa0", 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/', '141b9ic', [['u/justanotherzee', 13, '2023-06-05 13:28', 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/jmz57ud/', "Everything is posted in RAR/Zip parts on this one. If you plan on streaming from here, it's not a nice experience.", '141b9ic'], ['u/BluePowderJinx', 17, '2023-06-05 13:41', 'https://www.reddit.com/r/OpenSignups/comments/141b9ic/open_torrentseeds_general/jmz6gnv/', "> Everything is posted in RAR/Zip parts on this one.\n\nBoy do I hate trackers like that. If I wanted to fuck around with archive parts then I'd just use Usenet.", '141b9ic']]], ['u/DerpJungler', 'Why the recent "apathy phase" is a great thing', 48, '2023-06-05 15:44', 'https://www.reddit.com/r/CryptoCurrency/comments/141f1z2/why_the_recent_apathy_phase_is_a_great_thing/', 'I would like to be the first "Analyst" that claims the current period as the "Apathy Period". No animals around. No bears, no bulls. Just pure apathy. \n\n1. As recent statistics show, Bitcoin google searches are at 2020 levels of low:\n\n\n\nhttps://preview.redd.it/vup63qjea74b1.png?width=2401&format=png&auto=webp&v=enabled&s=5f9fb29a403888c3ece3dcbf465c4a27b7966caf\n\nAlthough consistently higher than previous "apathy periods", bitcoin search volume is declining, mainly due to the fact that SBF is slowly becoming irrelevant (and hopefully sentenced soon) and we haven\'t seen any major ponzi schemes, algorithmic stablecoins and custodian wallets shitting the bed. \n\n2. BTC trading volume is also at its lowest, but I want to be optimistic and say that crypto bros like myself have finally learned the importance of self-custody and that bitcoin is actually meant to be kept in your own cold wallet. (insert joke about btc existing only in the blockchain)\n\n\n\n[Source: bitcoinity.org](https://preview.redd.it/i5298xcgb74b1.png?width=1547&format=png&auto=webp&v=enabled&s=9feaf6fa1d5c0d6ae789aef798980ca1292e416e)\n\n\n\n[Source: messari.io](https://preview.redd.it/h1s9n0fib74b1.png?width=1152&format=png&auto=webp&v=enabled&s=75db126f845d12788d830def1554e58e16a117a9)\n\nNow, why am I blabbering? I work as a traditional macro analyst. I get paid to an... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin tumbled to $25.4K at one point after the SEC sued crypto exchange giant Binance. Will markets rebound?\nInsights:stETH\'s market cap is now the seventh largest among digital assets. What\'s behind the move and will it last?\nCoinDesk Market Index (CMI)\n1,132\n−54.3▼4.6%\nBitcoin (BTC)\n$25,752\n−1337.8▼4.9%\nEthereum (ETH)\n$1,812\n−75.9▼4.0%\nS&P 500\n4,273.79\n−8.6▼0.2%\nGold\n$1,978\n+25.7▲1.3%\nNikkei 225\n32,217.43\n+693.2▲2.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,132", "\\u221254.3\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,752", "\\u22121337.8\\u25bc4.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,812", "\\u221275.9\\u25bc4.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,273.79", "\\u22128.6\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+25.7\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,217.43", "+693.2\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC lawsuit has crypto markets reeling\nThe crypto industry’s latest blow rocked digital asset prices on Monday.\nBitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and Exchange Commission(SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. The largest cryptocurrency by market capitalization treaded comfortably above $27,000 for much of the past week, but the allegations against Binance rekindled fears about industry integrity and the intent of regulators to exert more control over exchanges. Binance – and other exchanges – have been facing regulatory scrutiny for years.\n“The Binance news obviously led to a big sell-off, but the news itself wasn’t exactly surprising,” Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, told CoinDesk. “Rumors had been swirling for some time about forthcoming action against Binance.”\nBut Ras added that he wasn’t convinced “that we are going to experience massive liquidations,” similar to those following the 2022 implosions of Luna, Celsius and FTX. “Back then, we saw a great many forced sellers. I don’t think there are nearly as many forced sellers now as there were back then. I suspect that we’ll likely be in for a gradual recovery here.”\nEther also tumbles\nEther, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH andother major altcoinsfollowed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, and SOL, the native cryptocurrency of the Solana blockchain, recently plunged more than 10%. ADA and MATIC, the tokens of smart contract platforms Cardano and Polygon respectively, and popular meme coin DOGE were recently off more than 8%. Even litecoin, which has been rallying the past few weeks, fell more than 9%. The SEC suit called those tokens unregistered securities.\nTheCoinDesk Market Index, a measure of crypto markets performance, was down more than 6%. All six sectors that compose the Index, including DeFi, computing and culture and entertainment stumbled into negative territory. The crypto Fear & Greed Index remained in neutral, where it has largely stood for much of the year.\nIndustry stocks tumble\nIn a note to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull, called the SEC suit “unsurprising,” but also wrote that the exclusion of ether from the filing was “a good sign.” He added: “Unless any major developments impact Binance’s functioning, we don’t think the market is likely to lose a lot more.”\nWhile wider equity indexes, including the tech-heavy Nasdaq Composite and S&P 500, largely shrugged off the Binance hubbub, ticking down a few fractions of a percentage point,industry-focused stocks slumped. Coinbase stock fell more than 5% right after the filing was released and was off more than 9% at market close. Shares of MicroStrategy (MSTR), which holds a vast amount of bitcoin on its balance sheet, fell more than 8.5%, Bitcoin miners Riot Blockchain (RIOT), Marathon Digital (MARA) fell more than 8%, while Bitfarms (BITF) dropped more than 7.4%. Safe haven asset gold traded flat just below $1,980.\nSEC lawsuit fallout\nLawsuit fallout seemed to seep into all corners of the crypto universe. By Monday afternoon (ET), Binance had suffered more than a half-billion in net outflows, according to a Dune Analyticschartby crypto investment product provider 21Shares. Traders withdrew more than $1 billion of digital assets during this period, compared to the $546 million in deposits, per the chart. According to crypto data platform CoinGecko, the +2% depth for BTC on Binance is $2.7 million, which Charles Storry, head of growth at Phuture, a crypto index platform, told CoinDesk was "very low liquidity levels."\nIn a Telegram note to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted Binance had “continued to operate relatively normally since it was charged by the CFTC” earlier this year. “US users have also long been barred from accessing Binance,” he wrote. “It’s hard to pin down an element of this story that really changes the status quo.”\nHe added: “It’s important to keep in mind that Binance’s regulatory issues do not implicate bitcoin. It’s hard to imagine any traders looking at the SEC’s allegations and thinking that anything there is damaging for the bitcoin bull thesis. However, given the extent of cross collateralization in the space, paired with exaggerated correlations, it’s not surprising to see bitcoin selling off.”\nSologenic’s Ras believes that if the U.S. central bank pauses hiking interest rates this month or later in the summer, “we would likely see a return of seriously positive momentum.”\nBut he noted pessimistically that with investors in this market “feeling jittery, it will take time to restore confidence. The SEC’s actions are pushing many crypto projects out of the United States, and from this perspective, this is clearly becoming a net negative for the U.S. economy and innovation more generally.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221216.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}]\nLido’s stETH token is now the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko.\nstETH has edged out ADA because the market has grown comfortable with staking, and the market has been seeking out a staking solution that’s not going to be affected by U.S. regulatory uncertainty.\nSo far, the only unstaking parades have been from the shutdown of Kraken’s staking service – and a significant amount of that staked ether went right back into the system via stETH – and Celsius, whichmoved out of staking contracts on stETH and back into staking contractswith another provider.\nAll of this should be an endorsement of stETH, as there’s significant institutional trust in the staking mechanism behind it.As CoinDesk previously reported, surging demand for ether staking has led to a month-long wait for nearly 50,000 validators, particularly following the Shapella upgrade, which stimulated a deposit surge and an influx of new market participants, locking over 19 million ETH for staking. At the same time, analysts who have spoken with CoinDesk have continued todownplay fearsof any sort of price crash post the Shanghai upgrade – and continue to be proven right – highlighting the balance between new stakers and withdrawals, the inherent withdrawal limits and the mitigating effect of liquid staking derivatives.\nSo staking is a healthy market, and seems permanent. Lido dominates it by a long shot, controlling 28% of the market with $13.4 billion in total value locked, according to DeFi Llama data. And it\'s a competitive market too; there are 60 staking protocols with over $1 million in TVL. Lido’scloset competitor has $2.2 billion in TVL.\nThe only thing that could sink this ship is if a larger percentage of staked ether becomes profitable.Right now it’s just 31%, but we’re only one bank failure and DeFi summer away from that hitting 50%. Will there be a rush for withdrawals then?\n12:30 p.m. HKT/SGT(4:30 UTC)Australia Interest Rate Decision\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Retail Sales (YoY/April)\n10:00 p.m. HKT/SGT(14:00 UTC)Canada Ivey Purchasing Managers Index (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions\nBitcoin (BTC) was down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighed in. Plus, Blockchain Association CEO Kristin Smith joined to discuss the group\'s amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural Consensus @ Consensus report.\nBinance Withdrawal On Track to be Largest Since March Crypto Banking Crisis:Blockchain data shows that the exchange endured some $503 million in net outflows on Monday amid SEC charges.\nThe Lightning Network Doesn’t Fix Everything Wrong With Bitcoin:And that’s okay.\nSEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations:The company already faces a suit from the Commodity Futures Trading Commission.\nEl Salvador\'s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine:Stablecoin issuer Tether is among the investors in the new bitcoin mining site powered by solar and wind energy in El Salvador.\nBinance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange:Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”', 'Good morning. Here’s what’s happening: Prices: Bitcoin tumbled to $25.4K at one point after the SEC sued crypto exchange giant Binance. Will markets rebound? Insights: stETH\'s market cap is now the seventh largest among digital assets. What\'s behind the move and will it last? Prices CoinDesk Market Index (CMI) 1,132 −54.3 ▼ 4.6% Bitcoin (BTC) $25,752 −1337.8 ▼ 4.9% Ethereum (ETH) $1,812 −75.9 ▼ 4.0% S&P 500 4,273.79 −8.6 ▼ 0.2% Gold $1,978 +25.7 ▲ 1.3% Nikkei 225 32,217.43 +693.2 ▲ 2.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,132 −54.3 ▼ 4.6% Bitcoin (BTC) $25,752 −1337.8 ▼ 4.9% Ethereum (ETH) $1,812 −75.9 ▼ 4.0% S&P 500 4,273.79 −8.6 ▼ 0.2% Gold $1,978 +25.7 ▲ 1.3% Nikkei 225 32,217.43 +693.2 ▲ 2.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) SEC lawsuit has crypto markets reeling The crypto industry’s latest blow rocked digital asset prices on Monday. Bitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and Exchange Commission (SEC) filed suit against Binance , accusing the exchange giant of violating securities laws. The largest cryptocurrency by market capitalization treaded comfortably above $27,000 for much of the past week, but the allegations against Binance rekindled fears about industry integrity and the intent of regulators to exert more control over exchanges. Binance – and other exchanges – have been facing regulatory scrutiny for years. “The Binance news obviously led to a big sell-off, but the news itself wasn’t exactly surprising,” Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, told CoinDesk. “Rumors had been swirling for some time about forthcoming action against Binance.” But Ras added that he wasn’t convinced “that we are going to experience massive liquidations,” similar to those following the 2022 implosions of Luna, Celsius and FTX. “Back then, we saw a great many forced sellers. I don’t think there are nearly as many forced sellers now as there were back then. I suspect that we’ll likely be in for a gradual recovery here.” Story continues Ether also tumbles Ether, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH and other major altcoins followed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, and SOL, the native cryptocurrency of the Solana blockchain, recently plunged more than 10%. ADA and MATIC, the tokens of smart contract platforms Cardano and Polygon respectively, and popular meme coin DOGE were recently off more than 8%. Even litecoin, which has been rallying the past few weeks, fell more than 9%. The SEC suit called those tokens unregistered securities. The CoinDesk Market Index , a measure of crypto markets performance, was down more than 6%. All six sectors that compose the Index, including DeFi, computing and culture and entertainment stumbled into negative territory. The crypto Fear & Greed Index remained in neutral, where it has largely stood for much of the year. Industry stocks tumble In a note to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull, called the SEC suit “unsurprising,” but also wrote that the exclusion of ether from the filing was “a good sign.” He added: “Unless any major developments impact Binance’s functioning, we don’t think the market is likely to lose a lot more.” While wider equity indexes, including the tech-heavy Nasdaq Composite and S&P 500, largely shrugged off the Binance hubbub, ticking down a few fractions of a percentage point, industry-focused stocks slumped . Coinbase stock fell more than 5% right after the filing was released and was off more than 9% at market close. Shares of MicroStrategy (MSTR), which holds a vast amount of bitcoin on its balance sheet, fell more than 8.5%, Bitcoin miners Riot Blockchain (RIOT), Marathon Digital (MARA) fell more than 8%, while Bitfarms (BITF) dropped more than 7.4%. Safe haven asset gold traded flat just below $1,980. SEC lawsuit fallout Lawsuit fallout seemed to seep into all corners of the crypto universe. By Monday afternoon (ET), Binance had suffered more than a half-billion in net outflows, according to a Dune Analytics chart by crypto investment product provider 21Shares. Traders withdrew more than $1 billion of digital assets during this period, compared to the $546 million in deposits, per the chart. According to crypto data platform CoinGecko, the +2% depth for BTC on Binance is $2.7 million, which Charles Storry, head of growth at Phuture, a crypto index platform, told CoinDesk was "very low liquidity levels." In a Telegram note to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted Binance had “continued to operate relatively normally since it was charged by the CFTC” earlier this year. “US users have also long been barred from accessing Binance,” he wrote. “It’s hard to pin down an element of this story that really changes the status quo.” He added: “It’s important to keep in mind that Binance’s regulatory issues do not implicate bitcoin. It’s hard to imagine any traders looking at the SEC’s allegations and thinking that anything there is damaging for the bitcoin bull thesis. However, given the extent of cross collateralization in the space, paired with exaggerated correlations, it’s not surprising to see bitcoin selling off.” Sologenic’s Ras believes that if the U.S. central bank pauses hiking interest rates this month or later in the summer, “we would likely see a return of seriously positive momentum.” But he noted pessimistically that with investors in this market “feeling jittery, it will take time to restore confidence. The SEC’s actions are pushing many crypto projects out of the United States, and from this perspective, this is clearly becoming a net negative for the U.S. economy and innovation more generally.” Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −16.3% Smart Contract Platform Gala GALA −10.2% Entertainment Decentraland MANA −9.0% Entertainment Insights Lido’s stETH token is now the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. (Coingecko) stETH has edged out ADA because the market has grown comfortable with staking, and the market has been seeking out a staking solution that’s not going to be affected by U.S. regulatory uncertainty. So far, the only unstaking parades have been from the shutdown of Kraken’s staking service – and a significant amount of that staked ether went right back into the system via stETH – and Celsius, which moved out of staking contracts on stETH and back into staking contracts with another provider. All of this should be an endorsement of stETH, as there’s significant institutional trust in the staking mechanism behind it. As CoinDesk previously reported , surging demand for ether staking has led to a month-long wait for nearly 50,000 validators, particularly following the Shapella upgrade, which stimulated a deposit surge and an influx of new market participants, locking over 19 million ETH for staking. At the same time, analysts who have spoken with CoinDesk have continued to downplay fears of any sort of price crash post the Shanghai upgrade – and continue to be proven right – highlighting the balance between new stakers and withdrawals, the inherent withdrawal limits and the mitigating effect of liquid staking derivatives. So staking is a healthy market, and seems permanent. Lido dominates it by a long shot, controlling 28% of the market with $13.4 billion in total value locked, according to DeFi Llama data. And it\'s a competitive market too; there are 60 staking protocols with over $1 million in TVL. Lido’s closet competitor has $2.2 billion in TVL . The only thing that could sink this ship is if a larger percentage of staked ether becomes profitable. Right now it’s just 31% , but we’re only one bank failure and DeFi summer away from that hitting 50%. Will there be a rush for withdrawals then? Important events 12:30 p.m. HKT/SGT(4:30 UTC) Australia Interest Rate Decision 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Retail Sales (YoY/April) 10:00 p.m. HKT/SGT(14:00 UTC) Canada Ivey Purchasing Managers Index (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions Bitcoin (BTC) was down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighed in. Plus, Blockchain Association CEO Kristin Smith joined to discuss the group\'s amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural Consensus @ Consensus report. Headlines Binance Withdrawal On Track to be Largest Since March Crypto Banking Crisis : Blockchain data shows that the exchange endured some $503 million in net outflows on Monday amid SEC charges. The Lightning Network Doesn’t Fix Everything Wrong With Bitcoin : And that’s okay. SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations : The company already faces a suit from the Commodity Futures Trading Commission. El Salvador\'s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine : Stablecoin issuer Tether is among the investors in the new bitcoin mining site powered by solar and wind energy in El Salvador. Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange : Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tumbled to $25.4K at one point after the SEC sued crypto exchange giant Binance. Will markets rebound?\nInsights:stETH\'s market cap is now the seventh largest among digital assets. What\'s behind the move and will it last?\nCoinDesk Market Index (CMI)\n1,132\n−54.3▼4.6%\nBitcoin (BTC)\n$25,752\n−1337.8▼4.9%\nEthereum (ETH)\n$1,812\n−75.9▼4.0%\nS&P 500\n4,273.79\n−8.6▼0.2%\nGold\n$1,978\n+25.7▲1.3%\nNikkei 225\n32,217.43\n+693.2▲2.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,132", "\\u221254.3\\u25bc4.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,752", "\\u22121337.8\\u25bc4.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,812", "\\u221275.9\\u25bc4.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,273.79", "\\u22128.6\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,978", "+25.7\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,217.43", "+693.2\\u25b22.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC lawsuit has crypto markets reeling\nThe crypto industry’s latest blow rocked digital asset prices on Monday.\nBitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and Exchange Commission(SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. The largest cryptocurrency by market capitalization treaded comfortably above $27,000 for much of the past week, but the allegations against Binance rekindled fears about industry integrity and the intent of regulators to exert more control over exchanges. Binance – and other exchanges – have been facing regulatory scrutiny for years.\n“The Binance news obviously led to a big sell-off, but the news itself wasn’t exactly surprising,” Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, told CoinDesk. “Rumors had been swirling for some time about forthcoming action against Binance.”\nBut Ras added that he wasn’t convinced “that we are going to experience massive liquidations,” similar to those following the 2022 implosions of Luna, Celsius and FTX. “Back then, we saw a great many forced sellers. I don’t think there are nearly as many forced sellers now as there were back then. I suspect that we’ll likely be in for a gradual recovery here.”\nEther also tumbles\nEther, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH andother major altcoinsfollowed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, and SOL, the native cryptocurrency of the Solana blockchain, recently plunged more than 10%. ADA and MATIC, the tokens of smart contract platforms Cardano and Polygon respectively, and popular meme coin DOGE were recently off more than 8%. Even litecoin, which has been rallying the past few weeks, fell more than 9%. The SEC suit called those tokens unregistered securities.\nTheCoinDesk Market Index, a measure of crypto markets performance, was down more than 6%. All six sectors that compose the Index, including DeFi, computing and culture and entertainment stumbled into negative territory. The crypto Fear & Greed Index remained in neutral, where it has largely stood for much of the year.\nIndustry stocks tumble\nIn a note to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull, called the SEC suit “unsurprising,” but also wrote that the exclusion of ether from the filing was “a good sign.” He added: “Unless any major developments impact Binance’s functioning, we don’t think the market is likely to lose a lot more.”\nWhile wider equity indexes, including the tech-heavy Nasdaq Composite and S&P 500, largely shrugged off the Binance hubbub, ticking down a few fractions of a percentage point,industry-focused stocks slumped. Coinbase stock fell more than 5% right after the filing was released and was off more than 9% at market close. Shares of MicroStrategy (MSTR), which holds a vast amount of bitcoin on its balance sheet, fell more than 8.5%, Bitcoin miners Riot Blockchain (RIOT), Marathon Digital (MARA) fell more than 8%, while Bitfarms (BITF) dropped more than 7.4%. Safe haven asset gold traded flat just below $1,980.\nSEC lawsuit fallout\nLawsuit fallout seemed to seep into all corners of the crypto universe. By Monday afternoon (ET), Binance had suffered more than a half-billion in net outflows, according to a Dune Analyticschartby crypto investment product provider 21Shares. Traders withdrew more than $1 billion of digital assets during this period, compared to the $546 million in deposits, per the chart. According to crypto data platform CoinGecko, the +2% depth for BTC on Binance is $2.7 million, which Charles Storry, head of growth at Phuture, a crypto index platform, told CoinDesk was "very low liquidity levels."\nIn a Telegram note to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted Binance had “continued to operate relatively normally since it was charged by the CFTC” earlier this year. “US users have also long been barred from accessing Binance,” he wrote. “It’s hard to pin down an element of this story that really changes the status quo.”\nHe added: “It’s important to keep in mind that Binance’s regulatory issues do not implicate bitcoin. It’s hard to imagine any traders looking at the SEC’s allegations and thinking that anything there is damaging for the bitcoin bull thesis. However, given the extent of cross collateralization in the space, paired with exaggerated correlations, it’s not surprising to see bitcoin selling off.”\nSologenic’s Ras believes that if the U.S. central bank pauses hiking interest rates this month or later in the summer, “we would likely see a return of seriously positive momentum.”\nBut he noted pessimistically that with investors in this market “feeling jittery, it will take time to restore confidence. The SEC’s actions are pushing many crypto projects out of the United States, and from this perspective, this is clearly becoming a net negative for the U.S. economy and innovation more generally.”\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221216.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221210.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}]\nLido’s stETH token is now the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko.\nstETH has edged out ADA because the market has grown comfortable with staking, and the market has been seeking out a staking solution that’s not going to be affected by U.S. regulatory uncertainty.\nSo far, the only unstaking parades have been from the shutdown of Kraken’s staking service – and a significant amount of that staked ether went right back into the system via stETH – and Celsius, whichmoved out of staking contracts on stETH and back into staking contractswith another provider.\nAll of this should be an endorsement of stETH, as there’s significant institutional trust in the staking mechanism behind it.As CoinDesk previously reported, surging demand for ether staking has led to a month-long wait for nearly 50,000 validators, particularly following the Shapella upgrade, which stimulated a deposit surge and an influx of new market participants, locking over 19 million ETH for staking. At the same time, analysts who have spoken with CoinDesk have continued todownplay fearsof any sort of price crash post the Shanghai upgrade – and continue to be proven right – highlighting the balance between new stakers and withdrawals, the inherent withdrawal limits and the mitigating effect of liquid staking derivatives.\nSo staking is a healthy market, and seems permanent. Lido dominates it by a long shot, controlling 28% of the market with $13.4 billion in total value locked, according to DeFi Llama data. And it\'s a competitive market too; there are 60 staking protocols with over $1 million in TVL. Lido’scloset competitor has $2.2 billion in TVL.\nThe only thing that could sink this ship is if a larger percentage of staked ether becomes profitable.Right now it’s just 31%, but we’re only one bank failure and DeFi summer away from that hitting 50%. Will there be a rush for withdrawals then?\n12:30 p.m. HKT/SGT(4:30 UTC)Australia Interest Rate Decision\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Retail Sales (YoY/April)\n10:00 p.m. HKT/SGT(14:00 UTC)Canada Ivey Purchasing Managers Index (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions\nBitcoin (BTC) was down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighed in. Plus, Blockchain Association CEO Kristin Smith joined to discuss the group\'s amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural Consensus @ Consensus report.\nBinance Withdrawal On Track to be Largest Since March Crypto Banking Crisis:Blockchain data shows that the exchange endured some $503 million in net outflows on Monday amid SEC charges.\nThe Lightning Network Doesn’t Fix Everything Wrong With Bitcoin:And that’s okay.\nSEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations:The company already faces a suit from the Commodity Futures Trading Commission.\nEl Salvador\'s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine:Stablecoin issuer Tether is among the investors in the new bitcoin mining site powered by solar and wind energy in El Salvador.\nBinance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange:Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”', 'On Monday, the U.S. Commodity Futures Trading Commission announced it approved an application from Cboe, one of the largest U.S. options exchanges, to offer margined futures contracts for Bitcoin and Ether. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home At a time when segments of the U.S. crypto industry are retreating offshore amid accusations of " regulation by enforcement ," Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty. "We\'re seeing expansion in the U.S. framework, not contraction," he told Fortune in an interview on Monday. "This is a really good representation of that hard work across both sides of the fence, both on the Cboe Digital side but also on the regulator side." Futures are a type of derivatives contract, where customers speculate on the price movements of assets like Bitcoin and Ether—a common tool for institutional investors, but one that is growing more popular with retail investors, especially in the crypto space. While Cboe Digital had previously offered crypto futures contracts, it did not allow margin trades. In practice, this has meant traders have had to post the full price of a Bitcoin to buy or sell futures contracts. With margined contracts, they only need to post a fraction initially, requiring less money upfront and allowing strategies to potentially earn higher returns on the capital deployed. While other platforms, including the CME Group , also offer margined futures contracts for crypto assets, Palmer said that Cboe\'s new approval is unique because it also offers spot trading under the same entity, where users are trading on the current price of assets like Bitcoin and Ether. Story continues As he explained, this arrangement can be advantageous for traders like market makers—who provide liquidity to exchanges—as well as other customers looking for greater efficiencies for other strategies like basis trading, where users look for price differentials between spot and futures contracts. A departure from FTX As Palmer explained, Cboe\'s model bears a stark contrast to a proposal by the failed crypto exchange FTX, which sought approval for a different approach with the CFTC for futures contracts. With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients. In a 2022 application , FTX sought to cut out the middleman and allow customers to post margin directly to FTX without any brokers. The process, known as disintermediation, was widely criticized by players in traditional finance for giving easier access to risky investment products for retail investors and placing more responsibility in the hands of platforms. "This is a very traditionally focused model," Palmer said about the Cboe approach. "That model has stood the test of time." In a statement released after the approval of Cboe\'s approval, CFTC commissioner Christy Goldsmith Romero agreed with the sentiment, citing Cboe\'s more than 50 years of experience operating exchanges. "The proposed FTX model was never adopted by the Commission, but it put at risk customers’ bankruptcy priority, other customer protections, and financial stability," she said. Crypto\'s U.S. future Cboe\'s approval comes at a time when crypto companies including Coinbase and Gemini are moving offshore to launch derivatives exchanges. While Palmer pointed out that their main motivation is to offer a popular kind of crypto derivatives contract still not approved domestically called perpetuals, he lauded regulators\' work in the U.S. "From our perspective in the U.S., whether there is or isn\'t regulatory clarity regardless of who the regulator is, we feel very comfortable working with them to continue to grow the asset class responsibly," he told Fortune . He described the approval as "a win for the U.S. industry." Cboe Digital plans to launch its margined futures contracts for Bitcoin and Ether in the second half of 2023. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'On Monday, the U.S. Commodity Futures Trading Commission announced it approved an application from Cboe, one of the largest U.S. options exchanges, to offer margined futures contracts for Bitcoin and Ether.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAt a time when segments of the U.S. crypto industry are retreating offshore amid accusations of "regulation by enforcement," Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty.\n"We\'re seeing expansion in the U.S. framework, not contraction," he toldFortunein an interview on Monday. "This is a really good representation of that hard work across both sides of the fence, both on the Cboe Digital side but also on the regulator side."\nFutures are a type of derivatives contract, where customers speculate on the price movements of assets like Bitcoin and Ether—a common tool for institutional investors, but one that is growing more popular with retail investors, especially in the crypto space.\nWhile Cboe Digital had previously offered crypto futures contracts, it did not allow margin trades. In practice, this has meant traders have had to post the full price of a Bitcoin to buy or sell futures contracts. With margined contracts, they only need to post a fraction initially, requiring less money upfront and allowing strategies to potentially earn higher returns on the capital deployed.\nWhile other platforms, including theCME Group, also offer margined futures contracts for crypto assets, Palmer said that Cboe\'s new approval is unique because it also offers spot trading under the same entity, where users are trading on the current price of assets like Bitcoin and Ether.\nAs he explained, this arrangement can be advantageous for traders like market makers—who provide liquidity to exchanges—as well as other customers looking for greater efficiencies for other strategies like basis trading, where users look for price differentials between spot and futures contracts.\nAs Palmer explained, Cboe\'s model bears a stark contrast to a proposal by the failed crypto exchange FTX, which sought approval for a different approach with the CFTC for futures contracts. With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients.\nIn a2022 application, FTX sought to cut out the middleman and allow customers to post margin directly to FTX without any brokers. The process, known as disintermediation, was widely criticized by players in traditional finance for giving easier access to risky investment products for retail investors and placing more responsibility in the hands of platforms.\n"This is a very traditionally focused model," Palmer said about the Cboe approach. "That model has stood the test of time."\nIn a statement released after the approval of Cboe\'s approval, CFTC commissioner Christy Goldsmith Romero agreed with the sentiment, citing Cboe\'s more than 50 years of experience operating exchanges.\n"The proposed FTX model was never adopted by the Commission, but it put at risk customers’ bankruptcy priority, other customer protections, and financial stability," she said.\nCboe\'s approval comes at a time when crypto companies includingCoinbaseandGeminiare moving offshore to launch derivatives exchanges. While Palmer pointed out that their main motivation is to offer a popular kind of crypto derivatives contract still not approved domestically called perpetuals, he lauded regulators\' work in the U.S.\n"From our perspective in the U.S., whether there is or isn\'t regulatory clarity regardless of who the regulator is, we feel very comfortable working with them to continue to grow the asset class responsibly," he toldFortune. He described the approval as "a win for the U.S. industry."\nCboe Digital plans to launch its margined futures contracts for Bitcoin and Ether in the second half of 2023.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'On Monday, the U.S. Commodity Futures Trading Commission announced it approved an application from Cboe, one of the largest U.S. options exchanges, to offer margined futures contracts for Bitcoin and Ether.\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home\nAt a time when segments of the U.S. crypto industry are retreating offshore amid accusations of "regulation by enforcement," Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty.\n"We\'re seeing expansion in the U.S. framework, not contraction," he toldFortunein an interview on Monday. "This is a really good representation of that hard work across both sides of the fence, both on the Cboe Digital side but also on the regulator side."\nFutures are a type of derivatives contract, where customers speculate on the price movements of assets like Bitcoin and Ether—a common tool for institutional investors, but one that is growing more popular with retail investors, especially in the crypto space.\nWhile Cboe Digital had previously offered crypto futures contracts, it did not allow margin trades. In practice, this has meant traders have had to post the full price of a Bitcoin to buy or sell futures contracts. With margined contracts, they only need to post a fraction initially, requiring less money upfront and allowing strategies to potentially earn higher returns on the capital deployed.\nWhile other platforms, including theCME Group, also offer margined futures contracts for crypto assets, Palmer said that Cboe\'s new approval is unique because it also offers spot trading under the same entity, where users are trading on the current price of assets like Bitcoin and Ether.\nAs he explained, this arrangement can be advantageous for traders like market makers—who provide liquidity to exchanges—as well as other customers looking for greater efficiencies for other strategies like basis trading, where users look for price differentials between spot and futures contracts.\nAs Palmer explained, Cboe\'s model bears a stark contrast to a proposal by the failed crypto exchange FTX, which sought approval for a different approach with the CFTC for futures contracts. With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients.\nIn a2022 application, FTX sought to cut out the middleman and allow customers to post margin directly to FTX without any brokers. The process, known as disintermediation, was widely criticized by players in traditional finance for giving easier access to risky investment products for retail investors and placing more responsibility in the hands of platforms.\n"This is a very traditionally focused model," Palmer said about the Cboe approach. "That model has stood the test of time."\nIn a statement released after the approval of Cboe\'s approval, CFTC commissioner Christy Goldsmith Romero agreed with the sentiment, citing Cboe\'s more than 50 years of experience operating exchanges.\n"The proposed FTX model was never adopted by the Commission, but it put at risk customers’ bankruptcy priority, other customer protections, and financial stability," she said.\nCboe\'s approval comes at a time when crypto companies includingCoinbaseandGeminiare moving offshore to launch derivatives exchanges. While Palmer pointed out that their main motivation is to offer a popular kind of crypto derivatives contract still not approved domestically called perpetuals, he lauded regulators\' work in the U.S.\n"From our perspective in the U.S., whether there is or isn\'t regulatory clarity regardless of who the regulator is, we feel very comfortable working with them to continue to grow the asset class responsibly," he toldFortune. He described the approval as "a win for the U.S. industry."\nCboe Digital plans to launch its margined futures contracts for Bitcoin and Ether in the second half of 2023.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Bitcoin fell almost 6% and Ether lost 5% in a broad market fall by all top 10 non-stablecoin cryptocurrencies on Tuesday morning in Asia after the U.S. Securities and Exchange Commission (SEC)suedcryptocurrency exchange Binance and its founder Changpeng Zhao on charges of securities violations. The BNB token issued by Binance was the biggest loser with a drop of more than 10% in the past 24 hours.\nBitcoin dropped 5.66% over the last 24 hours to US$25,730 at 7:10 a.m. in Hong Kong, bringing losses over the past seven days to 7.23%, according todatafrom CoinMarketCap.\nEther fell 4.91% in the same period to US$1,808, and logged a 4.56% weekly loss.\nBNB skidded 10.21% to US$275.17 in the last 24 hours, losing 11.61% over the past week.\nThe SEC on Monday filed 13 charges against Binance, alleging the exchange made unregistered and unlawful offers and sales of its BNB and BUSD tokens. The SEC also alleged that Binance did not register Binance.com as an exchange or a broker-dealer clearing agency.\nIn response to the SEC lawsuit, Binance said in a Tuesdaystatementthat it intends to defend its platform “vigorously.”\n“The SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry,” Binance said.\nCryptocurrencies traded on the Binance exchange, including BNB, BUSD, Solana, Cardano’s ADA, Polygon’s MATIC, are securities and require registration and regulation, according to the SEC suit.\nSolana dropped 9.52% over the past 24 hours, with ADA falling 7.73% and MATIC losing 7.64%.\n“The total crypto market cap is down,” Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, toldForkaston Tuesday morning in Asia. “The fact that the news doesn’t come as a shock doesn’t mean that it was priced in, apparently.”\nIn a Mondaytweet, SEC Chair Gary Gensler said that Zhao and Binance entities engaged in “an extensive web of deception, conflicts of interest, lack of disclosure and calculated evasion of the law.”\nIn response, Zhaotweeted: “Wonder if he ever reads the comments under his post, from the consumers he is [supposed] to protect.”\nAccording to d’Anethan, the SEC’s legal action is not a surprise considering the U.S. Commodity Futures Trading Commission had earlierfileda lawsuit against Binance for alleged violations of trading rules for derivatives.\nHowever, traders see the lawsuit as extremely bearish and it’s shaking up the market, he said.\nThe total cryptocurrency market cap fell 4.6% to US$1.09 trillion in the 24 hours through to 8:30am Hong Kong, while trading volume surged 118% to more than US$48 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexedged down 0.17% to 3,295.91 in the 24 hours to 9:20 a.m. in Hong Kong.\nThe SEC’s lawsuit against Binance “hasn’t had an impact on NFTs yet, but it likely will,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Tuesday. “It has already impacted crypto, and usually NFTs lag behind just a bit.”\nIn the U.S. overnight, Apple Inc.unveiledits highly-anticipated mixed-reality headset Vision Pro. While priced at a hefty US$3,499, the headset has got the NFT industry excited about its potential application in metaverse developments.\n“Apple’s headset is really all the NFT spaces was talking about today and rightfully so,” Petscher said. “Really, it’s the single most important thing to happen to NFTs sinceCryptoPunks, even though Apple didn’t mention NFTs or the metaverse once in their reveal of the Vision Pro.”\nSébastien Borget, co-founder and chief operating officer of decentralized gaming giant The Sandbox, said in a Tuesday interview withForkastthat Apple’s headset is “opening a big field of opportunity” for metaverse developments.\n“This has the highest chance of becoming a game changer versus everything we’ve seen so far over the past five years in this field … allowing people to interact with their virtual assets in the physical world.”\nNFT sales on Ethereum rose 5.64% over the last 24 hours to US$25.75 million, and gained 90.84% in the past week. Sales on the Bitcoin network climbed 4.17% to US$3.16 million, but recorded a 11.87% weekly decline.\nBored Ape Yacht Club (BAYC) and Azuki remained the two most-sold Ethereum collections. BAYC had the biggest sales in the past 24 hours of US$7.26 million, followed by Azuki’s US$2.65 million.\nDMarket, a Mythos blockchain-based collection of gaming NFTs, was the third most-sold collection over the past 24 hours with an 11.49% rise in sales to US$1.52 million.\nShares of Coinbase, the largest crypto trading platform in the U.S., dropped 9.05% on Monday following the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $500,622,323,269 - Hash Rate: 384577792.6788321 - Transaction Count: 462072.0 - Unique Addresses: 763100.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Illustration by Mitchell Preffer for Decrypt This week, markets were at the mercy of macroeconomic factors as some at the Fed have indicated another rate hike is due next month. Crypto was also subjected to intense scrutiny by regulators in both the U.S. and EU. Bitcoin and Ethereum led the downturn, with similar seven-day losses of over 10% impacting many leading cryptocurrencies. The U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto made headlines on Monday when the regulator sued yet another big crypto business for alleged failure to comply with securities laws, Seattle-based exchange Bittrex . Delphi Labs’ Gabriel Shapiro was outraged by the agency’s description of the Dash (DASH) token as a security. I just read SEC's case against Bittrex & am floored...more aggressive than could've been imagined and goes directly against Dash's no-premine model, saying DASH is a security despite the fact that the devco is funded by validators out of block rewards... pic.twitter.com/McpZEYTK1O — _gabrielShapir0 (@lex_node) April 17, 2023 On Thursday, The European Parliament passed the Markets in Crypto Assets (MiCA) bill with 517 votes in favor, 38 against, and 18 abstentions. The legislation now gives the bloc’s 27 constituent states a unified approach to crypto. Rebecca Retig, Chief Policy Officer at Polygon Labs, wrote a thread on Monday arguing that the bloc still needed to tweak its data act, which she described as “overbroad” and “ likely unenforceable in decentralized systems.” 1/ 🚨Today @0xPolygonLabs published an open letter to the EU on Art. 30 of the #DataAct , which could have serious consequences for permissionless smart contracts. @Ledger has joined in proposing amendments to narrow Art. 30 to protect decentralized software development. Read 👇 pic.twitter.com/AZHGCm14sQ — Rebecca Rettig (@RebeccaRettig1) April 17, 2023 Institutional Bitcoin whale Michael Saylor complained about all the sats he was receiving on Tuesday. Story continues So @MicroStrategy converted my corporate email address into a #Lightning ⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N — Michael Saylor⚡️ (@saylor) April 17, 2023 Crypto lawyer Rodrigo, who tweets under the handle @RSSH273 , tweeted a lengthy legal objection to the sanctioning of crypto privacy mixer Tornado Cash by U.S. authorities. We filed an amicus in the suit that 6 Tornado Cash users brought against the unprecedented sanctions of TC open-source code Our argument is simple: Sanctions only apply to “people” or “entities,” and their “property.” TC fits none of those definitions—it is just open-source code pic.twitter.com/oCKuRpIFyZ — Rodrigo (@RSSH273) April 17, 2023 Coinbase CEO Brian Amstrong flexed his diplomatic muscle in London on Tuesday. Later in the week the exchange announced extensive expansion plans , a maneuver to counteract the increasing assertiveness and aggressiveness of U.S. regulators towards the exchange and industry in recent months. Great meeting today with UK Economic Secretary and City Minister @griffitha . The UK is moving fast on sensible crypto regulation to both drive economic growth AND consumer protection. Excited to keep investing in the UK. 🇬🇧 pic.twitter.com/478PQSLmDe — Brian Armstrong (@brian_armstrong) April 17, 2023 Twitter user @Tayvano_ flagged a multimillion dollar wallet draining operation that has been active since December. For the past 48hrs I've been unwinding a massive wallet draining operation 😳😭 I don't know how big it is but since Dec 2022 it's drained 5000+ ETH and ??? in tokens / NFTs / coins across 11+ chains. Its rekt my friends & OGs who are reasonably secure. No one knows how. pic.twitter.com/MafntG7RkP — Tay 💖 (@tayvano_) April 18, 2023 Republican Tom Emmer’s appearance at a hearing in Washington on the oversight of the SEC made the rounds on Twitter with an eminently quotable soundbite. At the hearing, Emmer grilled SEC chair Gensler and said, “You’ve been an incompetent cop on the beat,” before claiming the SEC chair was pushing American firms into the “hands of the CCP (Chinese Communist Party).” And he’s pushing innovation into the hands of a communist country, the United States’ number one adversary: pic.twitter.com/lE0Q4TuhYa — Tom Emmer (@GOPMajorityWhip) April 18, 2023 Blockchain sleuth @ZachXBT on Wednesday compiled a long list of scams that rapper Soulja Boy has shilled since he got involved in crypto. 1/ In recent weeks influencers have given @souljaboy praise for new NFT projects in hopes of clout. In reality he has been one of the most shameless promoters in the crypto space. In my research I observed 73 promotions & 16 NFT drops done by him. Many of these were scams. pic.twitter.com/8xRDN79S5t — ZachXBT (@zachxbt) April 19, 2023 Do the “hiccups” referred to in writer and lawyer @NYCSouthpaw ’s tweet refer to blanket refusals from mama and papa Bankman-Fried to have their phones compromised in such an intrusive manner? Likely! One of SBF’s bail conditions is his parents have to have cell phones that automatically snap photos of the user every couple minutes, and they’re having some hiccups setting it up. https://t.co/i8NHWcb1qH — southpaw (@nycsouthpaw) April 19, 2023 On Thursday, news hit Twitter that Tornado Cash developer Alex Pertsev, who was arrested by Dutch authorities in August for allegedly facilitating money laundering, is getting released next Wednesday so he can prepare for his trial at home. tornado cash dev alex pertsev reportedly released just now pic.twitter.com/Lg1s01VaRP — banteg (@bantg) April 20, 2023 Gabriel Shapiro that day pitched his idea of a BORG. An abbreviation for “cybernetic organization,” the BORG is a “new middle” between the decentralized and autonomous principles of DAOs and the legal entitlements and compliant structures of traditional business entities. BORGs merge traditional business entities with smart contracts, offering a new path for DAO legal structuring. They are the culmination of years of my thinking on how to bridge meatspace corporate law & the on-chain world. pic.twitter.com/gaME7yXdvh — _gabrielShapir0 (@lex_node) April 20, 2023 Finally, Dogecoin creator turned-nocoiner Billy Markus still thinks crypto is a lunatic’s game. investing in crypto is literally just investing in mental illness which i suppose is on the rise, so… — Shibetoshi Nakamoto (@BillyM2k) April 22, 2023... - Reddit Posts (Sample): [['u/SlurpinYJ', 'I was able to make $300 in a few hours with little experience. Is this normal or did I just get lucky?', 40, '2023-06-06 02:33', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/', 'I’ve been really spending some time learning about trading, I decided to finally give it a try, I was trading with 1 Bitcoin to U.S Dollar. I was able to make $300 very quickly. I guess I’m just doing something right? \n\nI was using basic support and resistance and market structure. \n\nI think I’ll quit my job lol', 'https://i.redd.it/xftqbum2ma4b1.jpg', '141xp5f', [['u/RandomMovingAverage', 107, '2023-06-06 02:49', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn27o8u/', 'If you need to ask if you are lucky then the truth is you were lucky. Do this consistently every day the market is open for the next year before you should even consider quiting your job.', '141xp5f'], ['u/KingKerie', 38, '2023-06-06 02:58', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn28ukz/', 'Not uncommon at all with beginners. Being able to sustain it is the issue. If you know how you got those winning trades then you should be able to replicate it.', '141xp5f'], ['u/SlurpinYJ', 13, '2023-06-06 03:26', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn2cgrh/', 'I basically just use the 30 min 15 min 5 min and 1 min charts to determine the overall direction of the price and find support and resistance, then I zoom in to find what I think is a good entry point.', '141xp5f'], ['u/john8a7a', 16, '2023-06-06 06:50', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn2zp0v/', "you actually might have a certain skill as well. Your strategy is not some random bullshit , which is good. Report back after 500 trades. \n\nI would just give you one advice , never trade if you don't see a great set up . I use to trade when I was just bored and that was the main reason I kept losing money . If there is nothing to trade, even for 2-3 days,,,just don't trade average looking set ups and you might just make it as a trader", '141xp5f'], ['u/tentenwind', 24, '2023-06-06 07:45', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn34fkj/', 'Does your username stand for Slurpin Your Jizz?', '141xp5f'], ['u/SP-Marshmallo', 10, '2023-06-06 10:33', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn3h1n7/', 'In the beginning ppl don’t have that much of emotion invested. Wait till greed or fear kicks into overdrive. That’s when you will know OP.', '141xp5f'], ['u/VCRdrift', 16, '2023-06-06 12:08', 'https://www.reddit.com/r/Daytrading/comments/141xp5f/i_was_able_to_make_300_in_a_few_hours_with_little/jn3nquf/', 'Normal. First one is free. Welcome to the casino.', '141xp5f']]], ['u/formidable-opponent', 'How much money (USD) would you have to spend to be a cone millionaire?', 21, '2023-06-06 05:32', 'https://www.reddit.com/r/ConeHeads/comments/1422930/how_much_money_usd_would_you_have_to_spend_to_be/', 'I tried to look it up but just got results for bitcoin.', 'https://www.reddit.com/r/ConeHeads/comments/1422930/how_much_money_usd_would_you_have_to_spend_to_be/', '1422930', [['u/GuyOne', 13, '2023-06-06 05:36', 'https://www.reddit.com/r/ConeHeads/comments/1422930/how_much_money_usd_would_you_have_to_spend_to_be/jn2sbgg/', 'A million cones is like $2.67 rn', '1422930']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, June 06, 2023', 29, '2023-06-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/', '1422w33', [['u/anon-187101', 12, '2023-06-06 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn2vbht/', 'Gonna be a big week.', '1422w33'], ['u/cryptojimmy8', 12, '2023-06-06 07:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn331fv/', 'The good thing about SEC suing every exchange out there is that there is soon no one left to sue😎think all of this eventually will be forgotten but still not counting on any good action this year. Been away from crypto for about a month now and it feels good. Will check in again in yet another month or so. Hope you guys are doing well', '1422w33'], ['u/Downtown-Ad-4117', 12, '2023-06-06 09:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3apu9/', 'Nothing will happen to Binance. It’s just a slap on the wrist.', '1422w33'], ['u/DamonAndTheSea', 18, '2023-06-06 10:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3g8co/', 'Binance does operate in the US under the url Binance.us. The US site represents a small portion of their total volume. The SEC can go after anyone operating on US soil; they can also go after exchanges that operate in different countries but offer services to US citizens. \n\nBinance.com, years ago, used to be available to US citizens (even as operated out of China), they then geo-locked the site (you just needed a VPN) and then not long ago they forced KYC for all customers meaning US residents could no longer use Binance.com even via VPN. \n\nThe US has been systematically putting pressure on US crypto exchanges for the last 18 months and failing to provide regulatory clarity. Some speculate incompetence and bureaucratic morass and others speculate this is a move to choke out fiat on-ramp/off-ramps as CBDCs are scheduled to roll out.', '1422w33'], ['u/NervousNorbert', 13, '2023-06-06 14:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3zllb/', 'The SEC sues Coinbase, according to the usually reputable @tier10k: https://twitter.com/tier10k/status/1666054916526460929', '1422w33'], ['u/imissusenet', 16, '2023-06-06 14:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn3zqxc/', 'Point and Figure chart:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR[PA][D][F1!3!1.0!!0!20])\n\nI don\'t know what BTC price data this uses, but the chart I maintain using Coinbase prices has 2 more columns since the uptrend line was broken, an 8-box low pole warning. A 50% retrace would go back to $26.5K.\n\nWhile I hope that u/wardser is overly pesimistic, hope is not a strategy. Here is the price after that last 3 cycle tops, nomralized to Nov 2021 prices:\n\n[https://imgur.com/a/5znlj4E](https://imgur.com/a/5znlj4E)\n\nThe price could go to $13K for the next 4 months and still be within the range of the previous cycles. Speaking of $13K, I think it would be really, really great if BTC was higher than it was 4 years ago. 26 Jun 2019 BTC was $13K.\n\nAnd finally, on 12 Jun 2022 BTC was $26.5K and the following quote appeared on the daily:\n\n"We\'re going to be 20x here within 24 months."\n\nGood times.', '1422w33'], ['u/dopeboyrico', 12, '2023-06-06 14:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4481d/', 'Interesting how the SEC never explicitly stated #2 is a security (it is) in the lawsuit against Binance or Coinbase but they did explicitly state offering staking services of #2 does qualify as a security in the lawsuit against Coinbase.\n\nPotentially more pain ahead as this all plays out but whenever the altcoin delisting exodus occurs on Binance and Coinbase, BTC as well as any other remaining altcoins which aren’t deemed to be unregistered securities should rally pretty hard on the news.', '1422w33'], ['u/gozunker', 10, '2023-06-06 15:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn46add/', 'I think one reason we haven’t dropped a ton on this Coinbase news is that people are selling their alts for BTC on the “these altcoins are securities” news, creating demand for BTC to counteract the sell off. I think it’s less a case of “look how resilient Bitcoin is” and more of “fleeing the small boats for the closest big boat during the storm”. Not sure what that means for price action later this week or next once the alt sell off has wrapped up a bit. I’m feeling a bit pessimistic short-term, laddering my weekly money for some down action.', '1422w33'], ['u/NLNico', 10, '2023-06-06 15:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn46scb/', 'Yesterday\'s and today\'s news is arguably good for coin 2. Previously there was doubt if the SEC considered it a security, but now there are 2 cases where they specifically mention a list of coins but not coin #2 as security (even though it says "not limited to", of course.)', '1422w33'], ['u/4theWlN', 10, '2023-06-06 15:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn47xsf/', "gensler has gotta be crestfallen that bitcoin hasn't sold off at all during his 15 minute long rant about how big of a scam crypto is on cnbc.", '1422w33'], ['u/hydroflow78', 15, '2023-06-06 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4aim5/', 'Mood is bad. News is bad. Fear in the market. I just opened a small leveraged long at 25.5k', '1422w33'], ['u/InfinitePen', 11, '2023-06-06 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4akqv/', 'Is all this action related to this?\n\nhttps://www.cnbc.com/amp/2023/06/02/crypto-bill-from-republicans-to-define-roles-of-sec-cftc.html', '1422w33'], ['u/mike-es6', 29, '2023-06-06 15:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4b668/', "Gensler: I'm gonna sue everyone\n\nBTC: Whatever, bro.", '1422w33'], ['u/NLNico', 14, '2023-06-06 16:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4cqld/', "25k tested, twice now with some shots from the SEC. Let's pump it back up.", '1422w33'], ['u/dopeboyrico', 12, '2023-06-06 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4d6ti/', 'You’re getting downvoted because Coinbase doesn’t offer staking of BTC…', '1422w33'], ['u/33virtues', 36, '2023-06-06 16:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4do0y/', 'Loading up (spot, COIN, and miners) here\n\nTold my wife the news this morning and she asked “should we get out?”\n\nShe’s historically a very reliable bottom indicator with that question', '1422w33'], ['u/viralhysteria', 19, '2023-06-06 16:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4eulz/', 'Response from coinbase CLO \nhttps://twitter.com/fintechfrank/status/1666085987892748290', '1422w33'], ['u/GenghisKhanSpermShot', 17, '2023-06-06 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4fm6k/', "This was [my plan back in March](https://pbs.twimg.com/media/FrcPICzaUAANhTi?format=png&name=large) price is following and I'm sticking to it, think it's a [long your longs](https://www.tradingview.com/x/8WwwJehQ/) type moment.", '1422w33'], ['u/mike-es6', 23, '2023-06-06 16:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4fo96/', 'If you wife is not concerned with the amount you have invested in Bitcoin, you need to invest more.', '1422w33'], ['u/juiceous', 18, '2023-06-06 16:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4icud/', 'AFAIK Coinbase was already suing SEC for clarification. This is like SEC shouting moment: "I will sue you back", and they did. \n\nAt least this is happening during a bear market, one thing less to happen during the next bull run.', '1422w33'], ['u/BootyPoppinPanda', 13, '2023-06-06 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4iy88/', "Hey, at least there is something to talk about. IMO all this shit should have happened in 2017-2018. Can got kicked down the road too far. I just hope this leads to actual clarity about how businesses can operate. I'm biased, but I don't think scam coins should be able to run rampant. Staking pools are toxic. Burn that shit down, I don't care. Bitcoin has extremely solid footing and should do just fine. We're just lightening the load for the rocket ship.", '1422w33'], ['u/AccidentalArbitrage', 42, '2023-06-06 16:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4jkp1/', '>“Look, we don’t need more digital currency,” Gensler said during an appearance on CNBC’s “Squawk on the Street.” “We already have digital currency. It’s called the U.S. dollar. It’s called the euro or it’s called the yen, they’re all digital right now. We already have digital investments.”\n\nHe finally said the motivation for all of this nonsense out loud. Fuck this guy.', '1422w33'], ['u/GenghisKhanSpermShot', 14, '2023-06-06 16:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4k0tl/', "I'm curious why people keep repeating this is a bear market, [we broke the downtrend from the top](https://www.tradingview.com/x/m9cf5R3Q/) and we're 100% up from the bottom, when does the bear market get switched to bull market in people's eyes? ATH's?", '1422w33'], ['u/jpdoctor', 20, '2023-06-06 17:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4lztg/', 'So Binance is being sued, Coinbase is being sued, Kraken already settled.\n\nLOL, is there anyone else left to sue? or does the SEC start re-suing until they get the result they want?', '1422w33'], ['u/xtal_00', 21, '2023-06-06 17:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4m1h1/', 'Hope everyone got some dip.', '1422w33'], ['u/viralhysteria', 10, '2023-06-06 17:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4ngl4/', 'dip supply is becoming too abundant for my chip supply', '1422w33'], ['u/AccidentalArbitrage', 13, '2023-06-06 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4w3i8/', 'Destroy all that is a threat to the current fiat standard.', '1422w33'], ['u/mr_sew', 10, '2023-06-06 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4x778/', 'Kraken still trades ADA too, so they will be sued sometime for that I would imagine. Their earlier settlement was for the staking/earnings program they had, which they closed.\n\nThis whole suit business is just sand bagging. Let me explain.\n\nTo sue these institutions for selling unregistered securities, the SEC will first have to prove that what they sold is a security, (e.g. ADA). That itself will be a multi-year court case just like in the case of Ripple.\n\nGary, and the SEC are going to get a lot of push back from congress and from the public, and rich and wealthy that have something to lose.\n\nGary has whacked the hornets nest with a bat, and is about to reap the whirlwind, because he has very little good faith, and good will standing.\n\nHe has a serious failures in FTX, Celcius, and others, and has denied assistance for compliance when asked, and then attacks those that try to participate and comply. Not to mention if what the exchanges are doing is so egregious, why has it taken the SEC years to even begin to address it? That is just pure failure at every opportunity.', '1422w33'], ['u/xtal_00', 10, '2023-06-06 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4xi42/', 'They’re fighting now.\n\nThey know.\n\nAlso notice he didn’t mention BRICS countries or currency.', '1422w33'], ['u/Gravy_Vampire', 10, '2023-06-06 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4xpdw/', 'Fuck you Gary. It’s not your job nor the SEC’s job to decide what we “need” 🤡', '1422w33'], ['u/Westbrook_Level', 12, '2023-06-06 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn4xpot/', "What I find hilarious is it seems they can't even prove the most obvious security, XRP, is a security, so they just file lots of other cases before that one concludes. They think they can beat Mike Tyson but they can't even beat Glass Joe.", '1422w33'], ['u/[deleted]', 11, '2023-06-06 18:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn51id3/', '[“Look, we don’t need more currency,” the current world leaders enjoying reserve currency status at their point in time said.\n“We already have currency. It’s called the British Sterling. It’s called the Venetian Ducat or it’s called the Dutch Guilder, they’re all currency right now. We already have currency. Keep using our currency.”](https://miro.medium.com/v2/resize:fit:720/format:webp/0RUhaQn8pvVs0ovSX.png)', '1422w33'], ['u/bloodyboy33', 10, '2023-06-06 18:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn536e0/', "why are we pumping? didn't we just get two nukes from sec?", '1422w33'], ['u/guiseppi72', 12, '2023-06-06 19:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn55xev/', 'Somaliland uses currency that hasn’t had any new currency printed since the 1920s. Its economy is exclusively cash-based. It is interesting to observe that their currency itself has remained unchanged and the price stable for the past century unlike many of the usual suspects.', '1422w33'], ['u/mmouse-', 11, '2023-06-06 19:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn575hb/', 'Well, this certainly qualifies for an immediate US invasion.', '1422w33'], ['u/bufonia1', 14, '2023-06-06 20:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5etvp/', 'finally some volume... on these threads!', '1422w33'], ['u/furinspaltstelle', 16, '2023-06-06 20:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5g5d0/', "Feeling really salty about the paycheck I put into Matic. \nFeeling really smug about the fact that over 95% of my portfolio (and therefore my networth) is BTC anyways.\n\nGary isn't wrong about most crypto being unlicensed securities, but not providing regulatory clarity and then deciding to sue for violating rules that you make up on the spot is shitty behavior. Especially considering his involvement with FTX.\n\nBinance is going to be fine, imo. I always said that while CZ and Binance are shady, they are BitMex shady, not FTX shady. And good ol Arthur is still a free man, and BitMex still exists, despite being convicted for the same thing they are accusing CZ off.", '1422w33'], ['u/BruceBogtrotter1', 18, '2023-06-06 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5qbx6/', 'It would be so absurd (but looking likely) if we close out a bullish, engulfing candle on the daily on the heels of the SEC launching lawsuits on two of the largest crypto exchanges in the world.', '1422w33'], ['u/PolarNimbus', 25, '2023-06-06 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5qtb9/', 'Imagine that, no one gives a fuck about what the regulatory captured SEC is doing. Almost like they have zero credibility.', '1422w33'], ['u/PatientlyWaitingfy', 14, '2023-06-06 21:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5u2o7/', "27k! haven't seen you since.... wait yesterday", '1422w33'], ['u/33virtues', 17, '2023-06-06 21:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5usoy/', 'honestly the way America is going it just makes me more bullish than ever on Bitcoin', '1422w33'], ['u/spinbarkit', 12, '2023-06-06 22:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5w51j/', 'Le me see it clearly right now - all pa was doing was targeting my position. as soon as it liquidated me it pumped right away. which means I had to take a hit for you guys. so, I accept it. and you are very welcome', '1422w33'], ['u/christianc750', 28, '2023-06-06 22:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5zlds/', 'Yup, today I decided it is important to post a comment in this thread. I\'m not trying to be THAT guy but I\'ve been active/less active on this daily since maybe 2017.\n\nI\'ve been through all the motions hence why I don\'t post here but THIS moment is worth noting folks.\n\nWe know that Bitcoin has nothing to do with ANY central entity, Binance, Coinbase or the SEC. Actually it is quite the opposite.... Remember without Satoshi\'s whitepaper -- Coinbase, Binance and every single shit coin out there DOES NOT EXIST. As a true veteran (bought my first BTC in 2014 and of course made many a mistake along the way) it marvels me to see all of these so called experts and talking heads that don\'t seem to be able to grasp this.\n\nBitcoin will continue to exist whether or not Binance/Coinbase exists. By the way we know these charges are the government\'s last grasp attempts at TRYING to reign SOMETHING in on crypto. They know they can\'t control it and frankly they are too stupid to even do it (and even moreso many a congressman owns Bitcoin, they are stupid in their public facade but oftentimes smart enough to have foresight).\n\nPoint is today markets ACTUALLY parsed this information correctly, markets know there is a dearth of Bitcoin for sale. Markets know that any cheaper Bitcoin is worth scooping.. Markets will self fullfil another bull cycle it is built into the dynamics of this wonderful innovation. News like this last year would have spiralled our value... not today because guess what? No-one is dumb enough to sell a non government corrleated asset because some centrally regulated exchange got sued.\n\nSo yes I come out hibernation today so I can comment on a reasonably historical day.... The markets traded Bitcoin as if they actually understand what it is. Anyways final words in passing:\n\n\\- Cat has been out of the bag, we are currently the 12th largest asset on the planet. Its been out of the bag since 2017 really, that bull run solidified this is here to stay for a LONG time.\n\n\\- Everything is happening as it should -- more and more of us are simply remaining silent and DCA-ing... for life at this point. Or at least until the next bull runs out of steam -- all of us are selffulling the future price appreciation\n\n\\- Bitcoin continues to be more scarce since this objectively "bad" news aint moving the price down irrationally.\n\n\\- Bitcoin is still the most secure and most relevant use for a blockchain.\n\n\\- Bitcoin still invented what we know as a blockchain\n\n\\- Shitcoiners and scammers will continue to bleed until they find more larger fools - dont be that fool.', '1422w33'], ['u/NLNico', 10, '2023-06-06 22:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn5zxh7/', 'SEC Seeks Temporary Restraining Order to Freeze Binance US Assets: Court Filing https://twitter.com/tier10k/status/1666177953686773763', '1422w33'], ['u/_TROLL', 18, '2023-06-06 22:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn64hsj/', "U.S. citizens will do crypto business with some unregulated exchange in North Korea, all in the name of Obergruppenführer Gensler's 'consumer protection'.\n\nSeriously, though. Who's left? Gensler's pals, Fidelity, Blackrock, JPMorgan, Charles Schwab, that's who. They'll swoop in to steal the entire crypto sector out from under Binance etc. They could have gotten in on the ground floor 10+ years ago, and basically been Coinbase before Coinbase even existed, but they put their fingers in their ears instead. Since they were too stupid and short-sighted back then, they need Gensler's jackboots to take over the space now.", '1422w33'], ['u/delgrey', 20, '2023-06-06 23:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6532m/', 'Get your assets off US based exchanges.', '1422w33'], ['u/diydude2', 12, '2023-06-06 23:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6739v/', 'The whole point of Bitcoin is to control your own money.', '1422w33'], ['u/diydude2', 11, '2023-06-06 23:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn67yrz/', 'That is pretty much the story, right there. Same old "protect the oligarchs at all costs" mentality...\n\nThe SEC has nothing to do with consumer protection. \n\nJust like the USDA does not exist to protect consumers and small family farms -- it exists to assure that only the oligopolies and their CAFOs and GMOs can run roughshod over all competitors.\n\nJust like the FDA does not exist to assure that the pharma oligopoly doesn\'t sell us poison -- it\'s to give the veneer of credibility to the poison they do sell us.\n\nAnd so on. Not only do we not have a government by, of, and for the people, I\'m starting to think we have a government by, of, and for some kind of hostile alien invader.', '1422w33'], ['u/justinsunfullofshit', 11, '2023-06-06 23:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn68a26/', 'The pros for taking them off far outweigh any benefits of leaving them on Binance.US', '1422w33'], ['u/Shibenaut', 19, '2023-06-06 23:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6b7vj/', 'SEC sueing all the exchanges\n\nBTC: "lol and?"', '1422w33'], ['u/gore_skywalker', 12, '2023-06-06 23:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1422w33/daily_discussion_tuesday_june_06_2023/jn6e2ev/', 'The Freman (normies) are slowly realizing BTC is the Lisan al Gaib.', '1422w33']]], ['u/rBitcoinMod', 'Daily Discussion, June 06, 2023', 54, '2023-06-06 08:03', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/', "Please utilize this sticky thread for all general Bitcoin* discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/1415s4m/mentor_monday_june_05_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/', '1425qnz', [['u/ErwinDurzo', 10, '2023-06-06 15:56', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4c526/', 'Straight from my ass, with no data to back it up: \n\nClearly the SEC is trying an Operation Choke Point on Crypto in general, this decreases confidence and thus increases expected volatility on everything in the space, Btc included. People with a lot of capital might thus want to de-risk their portifolio and get some treasury bills instead, since the fed is so eager to sell them, and wait until the dust settles.\n\nFor volatility-loving sociopaths with no regard for their own safety, such as ourselves, this is great news an a good buying oportunity.', '1425qnz'], ['u/Alfador8', 19, '2023-06-06 15:56', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4c577/', "Securities are issued by companies. There is no Bitcoin company. That's why bitcoin is a commodity. The SEC recognizes this.", '1425qnz'], ['u/Funnyurolith61', 12, '2023-06-06 16:19', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4fdka/', 'SEC: Approves Coinbase IPO in 2021 \nSEC: Accuses Coinbase for having an unregistered securities exchange since 2019\n\nUS government: Uses Coinbase to sell BTC', '1425qnz'], ['u/HurricaneHarvey7', 11, '2023-06-06 16:35', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4ht46/', 'There is no contradiction in this at all. Approval of IPO is not an endorsement of a business. The SEC\'s role in approving Coinbase\'s registration statement was merely to ensure that Coinbase made all the required disclosures in their application.\n\nWith every prospectus or offering document provided to investors, there is something called "No Approval Clause".\n\n“The Securities and Exchange Commission and state securities regulators have not approved or disapproved these securities, or determined if the prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.”\n\nSo the determination for approving any IPO is only whether or not all the required disclosures are made available to investors, not whether a business is legitimate. Coinbase is using really bad arguments that could be deemed in court as "criminal offence" pursuant to No Approval Clause. Coinbase needs to hire better counsel.', '1425qnz'], ['u/Romsel87', 20, '2023-06-06 17:48', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4sv3w/', "Gary was very clear in his interviews. Crack down on the shitcoinery. Bitcoin doesn't care. Tick tock next block.", '1425qnz'], ['u/Available_Contest986', 10, '2023-06-06 18:26', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn4yrng/', "That's right fiat bitches try again", '1425qnz'], ['u/Dizzy_Space_Invader', 16, '2023-06-06 19:07', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn54o6g/', 'Who panicked and sold? Thanks for the cheap 🌽', '1425qnz'], ['u/hateschoolfml', 12, '2023-06-06 19:40', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn59jx0/', 'Shitcoiners in shambles after warnings for over 2 years…\n\nScammers scam, builders build', '1425qnz'], ['u/HurricaneHarvey7', 15, '2023-06-06 20:12', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn5em8j/', 'BTC dominance increasing rapidly as shitcoins get traded for BTC. You love to see it.', '1425qnz'], ['u/Crafty_Supermarket15', 10, '2023-06-06 21:14', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn5ocm0/', 'Cuz altcoins are unregistered securities getting destroyed', '1425qnz'], ['u/Dizzy_Space_Invader', 12, '2023-06-06 21:54', 'https://www.reddit.com/r/Bitcoin/comments/1425qnz/daily_discussion_june_06_2023/jn5ulcm/', 'Oh dear that was messy 🫘🍩🌰🧆🥔🥐🍯🍺🌋🪠🧻🤎', '1425qnz']]], ['u/Adventurous_Wing133', 'Review my portfolio (read body text for context)', 116, '2023-06-06 08:18', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/', 'I am 47 years old, I lost my husband to cancer 10 months ago and he was the one who handled our finances since we got married 23 years ago. A close family member gave me a list of financial advisors to checkout. After months of interviewing and finding the right fit. I hired a fiduciary who charges flat fees. I paid for about 9 months of his services to help get myself situated. He lays out plans and I execute them on myself. In the image above is breakdown of positions I am in based on his advice and my risk tolerance(adjust from 1.7 to 2 million but keep the same percentages). Also the positions on the list were bought mid April 2023. A little more about my situation, I own my home we were able to refinance during the pandemic and have a rate of 2.3%. There is about 300k left on the loan and 15 years. My home is valued at 975k after purchasing for 600k. I have a 22 year old son who just finished college and doesn’t have any debt. I also have a 15 year old with 85k saved for college before my husband passed. My 22 year old and I have both owned our cars for 3 years with no payments. My 401k from my former employer stands at 250k. I have a new job where I make 60k a year. I also receive about 30k a year from rentals properties we bought in Africa. The loans for those properties were finished in 2019. I have about 515k in a high yield savings account, which I don’t know what I’m supposed to do with. I also have 25k in my checking. And 15k in bitcoin purchased at a price of 27k. With what I hear on the news I am scared of messing up what my husband built for our family. My main question is are my etf positions okay. I know I have a financial advisor to reach out to but I just need the reassurance. I can’t talk to my family or friends about the money I have. And I just need second opinions', 'https://i.redd.it/33wum6mqbc4b1.jpg', '14262fg', [['u/Adventurous_Wing133', 17, '2023-06-06 08:21', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn37cm4/', 'Additionally I don’t have any credit card debt', '14262fg'], ['u/DurdenTyler2020', 134, '2023-06-06 12:13', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3o56w/', 'Sorry to hear about your husband.\n\nBeing blunt, that looks like a classic [Humpty Dumpty](https://www.cnbc.com/2023/01/27/what-is-a-humpty-dumpty-portfolio.html) allocation that a lot of advisors try to use in order to confuse clients and make investing seem more complicated than it has to be. To be fair, they are all low cost ETFs, but There is no reason to believe it will outperform a simple Three Fund Portfolio. \n\n"Flat-fee fiduciary" can mean a lot of things, so I\'d want to know more about that. Are they charging a percentage based on the amount you have invested with them? If so, what percentage? Most Bogleheads seem to prefer an hourly flat fee advisor if someone needs financial planning, but everyone\'s situation is different. You might want to be completely hands off (which has its own risks). In general, if your financial advisor is not doing any real, personal financial planning for you, and just doing investment management, they might not be worth it.\n\n[https://www.bogleheads.org/wiki/Three-fund\\_portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio)\n\n[https://www.bogleheads.org/wiki/Getting\\_started](https://www.bogleheads.org/wiki/Getting_started)', '14262fg'], ['u/OneCalligrapher14', 50, '2023-06-06 12:20', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3omer/', "Yeah, it's totally okay. Having so many different funds seems unnecessary when you could combine many with a total stock or total bond market funds.", '14262fg'], ['u/Theburritolyfe', 12, '2023-06-06 13:01', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3s13k/', "That's a lot of things. You can make it waaay simpler. Us/internation/ and bonds are all you need.", '14262fg'], ['u/imadeamistakelol', 37, '2023-06-06 13:08', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3snlp/', 'Sorry for your loss. \n\nThe allocation and all finances seem more complex than it should be.\n\nThe etf allocation is more complex than a 3-fund portfolio. The guy above posted the correct terms and links already.', '14262fg'], ['u/wolley_dratsum', 31, '2023-06-06 13:09', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3ss4c/', 'Many here are saying you could greatly simplify this and that’s true, but your financial advisor put you in excellent funds that are well diversified with low costs and appropriate levels of risk for your situation.\n\nThere is no reason not to continue with this portfolio and rebalance it once every few years to bring all the percentages back to baseline. There is no need to rebalance more often that that, and it should take you only an hour or so on the Vanguard website to do it.\n\nI have a feeling your financial adviser listened to what you were trying to achieve and created this portfolio to match that. \n\nWhatever the case, he did a great job of setting you on the right path. You can take it from here. Maybe hire him once a decade for a financial health check in, but you got this.', '14262fg'], ['u/numbaonestunn', 23, '2023-06-06 14:08', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn3yrda/', "It's 45 percent bonds. You're only 47 so you have years left to invest and can be more aggressive by having a higher percentage in equities. You're cutting down on your long term returns substantially by being that heavy in bonds.", '14262fg'], ['u/geneofjupiter', 21, '2023-06-06 14:21', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn405f6/', 'Sorry for your loss. \n\nYou may have already done this, but didn’t see it listed. Look into social security survivor benefits for your 15 yo.', '14262fg'], ['u/DocLava', 76, '2023-06-06 14:34', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn41mm0/', 'The $515k in the HYSA at the very least needs to be split into two banks to take advantage of the FDIC coverage which is $250k.\n\nEdit I typed HSA instead of HYSA...but OP spelled out high yield Savings account.', '14262fg'], ['u/Mail_Order_Lutefisk', 14, '2023-06-06 14:39', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn426fa/', 'Second this. And the bigger issue with the bond allocation is that it sucks. There is way too much short term paper that will likely revert to near zero yields once the Fed cuts rates and that Mortgage Backed Securities fund is likely not suitable for a widow. \n\nOP - if you have an additional $515k in a HYSA, you absolutely should not have any short term bond fund in this portfolio. You can make your own laddered bond portfolio and buy some paper that will be outstanding until you are 77 years old. If you want a 30-40% bond allocation buy individual Treasuries with maturities of 5-30 years. Log in once a quarter and sweep the interest into a traditional bond fund to keep the allocation moving.', '14262fg'], ['u/wolley_dratsum', 26, '2023-06-06 15:04', 'https://www.reddit.com/r/Bogleheads/comments/14262fg/review_my_portfolio_read_body_text_for_context/jn459q8/', 'Normally I would agree but this is a different situation than most. OP is basically set for life with this asset allocation and does not need to take on lots of equity risk right now. \n\nMaybe in a few years if the markets hold up she can think about shifting into equities but it’s not wise to get overly aggressive now considering the damage that can be inflicted by sequence of returns risk.', '14262fg']]], ['u/Matth3w_95', 'The exaggerated indecisiveness of the average crypto investor', 34, '2023-06-06 08:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/', "Sometimes articles mention the Crypto Fear&Greed Index, that's supposed to be a measure of market sentiment. Yesterday we were at 53 (neutral) and today we are back to 44 (fear). This got me thinking about how people change ideas really quickly. One week everybody is convinced we are going to 30k-35k, just some days later the meandering idea is that crypto is doomed. \n\nMy view is that articles and posts on social media are just meant for click-baiting thus the necessity to use extremely polarized titles and contents. I refuse to think that the majority of crypto influencers really change their perspective so quickly based on some non-decisive news. If you believe in Bitcoin and crypto, you shouldn't be so influenced by short-term movements and FUD. After all, the Internet took decades to really become a word-relevant technology, so when you jump on a ship (one that really convinces you, possibly not named Titanic) you should stay on it for at least some years, not abandoning it every time a storm hits. \n\nI get these later lawsuits may be worrying for crypto companies, but I'm still optimistic that we will have a better future. At least, I hope we are gonna end up with some clear rules, in order that companies in the space can operate in a precise direction, without having to worry about being randomly sued for breaking laws that didn't exist. \n\nI don't know for sure if crypto is going to become worldwide adopted and appreciated, but I've decided to invest in it and changing ideas every other day it's not good for my mental health.", 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/', '1426vx0', [['u/schokobots', 25, '2023-06-06 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/jn3adeu/', 'Be greedy when others are fearful.', '1426vx0'], ['u/Mr_Bob_Ferguson', 18, '2023-06-06 09:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/jn3crtp/', '>Be greedy when others are fearful.\n\nUse Warren Buffett quotes for upvotes.\n\nAlso say you hate Warren Buffett for upvotes.', '1426vx0'], ['u/Alarmed_Peach3360', 10, '2023-06-06 09:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1426vx0/the_exaggerated_indecisiveness_of_the_average/jn3dnch/', 'I fear no red candle anymore. I remember first bear market was scary for me. Now its just another day in crypto market.', '1426vx0']]], ['u/Liarus_', 'Am i the only one that gets FOMO as the Bitcoin price goes down nowadays?', 60, '2023-06-06 10:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/', 'I\'ve been in crypto since the last bullrun like many of us, and saw the price from the top of the mountain fall down to the bottom of the ocean, and who knows, maybe it could go lower than we ever imagined.\n\nWith all that movement from FTX, Blockfi, Celsius and Atomic wallet failing, we got used to seeing people loose money from supposedly "SAFE" investments, and many of us probably left the crypto space after all those disasters.\n\nBut for all of us "Survivors" that are now used to seeing the world around us burn and fall, am i alone getting FOMO and happy to see the BTC price go down? It almost seems like a flash sale to me nowadays, and when i think about myself in the past, that would have scared me more than anything.\n\nIt\'s incredible how my views of crypto changed since then.\n\nWhat about you guys?', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/', '1428y24', [['u/partymsl', 23, '2023-06-06 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/jn3h4q7/', 'I get FOMO, but I dont have the money to practice that FOMO...', '1428y24'], ['u/sabys1', 38, '2023-06-06 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/jn3hxy0/', 'I tried fomoing yesterday. Bank blocked my transaction. Now we gotta have a talk.', '1428y24'], ['u/Every_Hunt_160', 12, '2023-06-06 11:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1428y24/am_i_the_only_one_that_gets_fomo_as_the_bitcoin/jn3klla/', "That's why you always have some stablecoins at hand so you can buy immediately\n\nSometimes the lowest dips happen in seconds, you need to have those limit orders in and even if your bank doesn't block those orders you already missed the dip in the minutes spent processing your fiat", '1428y24']]], ['u/rikbona', 'There can be no panic where there is no greed. Be nice to scared newcomers 🙂', 232, '2023-06-06 10:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/', "I have been in this game for a while (since 2017) and I had my fair share of panic.\n\nI only dca and hodl btc now, but it hasn't been always that way. I've started with XRP and several different alts. I hurt myself badly with EOS and I make a (probably more than) fair share of mistakes.\n\nBelieve me, I did them all. I bought the high, I panic sold the low, I moved so much stuff around that gas fee has had a crazy impact on my initial investment. There isn't literally a mistake I didn't do.\n\nBut if today I have a better conscience of what I am doing, is thanks to the ones of you who patiently made me understand why BTC is BTC, especially in situation like this. \n\nAnd most importantly, I have learnt that you can only panic when you're so greedy that you put your money where they should never have been in the first place\n\nSo, to the people panicking, I say ---> take advantage of this community to improve your knowledge and secure your investments, don't do anything rush. Take a breath or a walk and relax before to even worsen the situation 🙂\n\nTo the people that have been here for a while I say ---> don't make fun of others, we can understand their feeling because we have surely been there. Lets help newcomers so that the whole industry can improve. We all are on this together, so we should act like it.\n\nI have learnt how to leave the emotions out of this game and I can tell you that you may not win, but you certainly won't lose 😉", 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/', '14292kd', [['u/FlyHopeful7429', 12, '2023-06-06 10:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3hnro/', 'Take a chill pill! Awareness and knowledge is key to crypto success!', '14292kd'], ['u/Consistent_Many_1858', 34, '2023-06-06 10:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3htty/', "Panic and greed are the driving force for crypto and stock market. That's how liquidity is formed and exit funds for sellers.", '14292kd'], ['u/Intelligent_Page2732', 20, '2023-06-06 10:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3hzwh/', 'We need alot of newcomers for increased adoption, but the majority of newcomers come here thanks to a bull market, the trick is to let them stay and invest in solid projects.', '14292kd'], ['u/StockTrix', 14, '2023-06-06 10:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3idmu/', '...and exit liguidity :)', '14292kd'], ['u/ahabraken', 27, '2023-06-06 10:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3iez8/', "Why make fun of newcomers? They're our exit liquidity :p", '14292kd'], ['u/partymsl', 10, '2023-06-06 12:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14292kd/there_can_be_no_panic_where_there_is_no_greed_be/jn3pjs0/', "I'd actually say Fear and Fear. Greed is usually just the fear of missing out.", '14292kd']]], ['u/aciditrisan', 'Questions about payments and such troubling things', 35, '2023-06-06 13:45', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_payments_and_such_troubling_things/', 'So with BTC fees being as high as they are, I dont feel like paying 60 extra euros for a 80 euro purchase. Is paying by WU or bank transfer a really bad idea?', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_payments_and_such_troubling_things/', '142dddd', [['u/Zushey312', 25, '2023-06-06 14:47', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_payments_and_such_troubling_things/jn4344m/', 'Where do you get your BTC with these kinda fees', '142dddd'], ['u/Reasonable_Dot_1831', 11, '2023-06-06 14:49', 'https://www.reddit.com/r/researchchemicals/comments/142dddd/questions_about_pa... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin recovered to above US$27,000 on Wednesday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rebounding even as U.S. regulators this week launched a series oflawsuitsagainst Binance and Coinbase, two of the world’s biggest crypto exchanges, alleging most tokens are unregistered securities. Polygon’s Matic token was the exception, dipping 1.7% in the past 24 hours.\nBitcoin rose 5.36% over the last 24 hours to US$27,118 at 6:50 a.m. in Hong Kong, bouncing back to the same price range before the U.S. Securities and Exchange Commission (SEC) filed the lawsuits this week. The world’s largest crypto by market capitalization was still down 2.32% over the past seven days, according todatafrom CoinMarketCap.\nEther climbed 4.01% in the past 24 hours to US$1,881, but logged a 1.32% weekly loss.\nThe meme coin Dogecoin led the winners this morning with a gain of 6.43%, edging out Bitcoin for the top spot. Polygon’s Matic missed out on the rebound, sliding 1.7% in the last 24 hours, and lost 9.39% over the past week.\nNick Ruck, chief operating officer of non-fungible token (NFT) intellectual property licensing firm ContentFi, toldForkastthat while the flurry of lawsuits by SEC chair Gary Gensler hit hard, the crypto market has largely held steady.\n“The initial panic quickly wore off as many traders not only expected the lawsuits, but apparently dismissed them entirely,” Ruck said. “A lawsuit may work against the SEC’s expectations when these cases are determined by court judges rather than Gary Gensler’s opinion.”\nWhile prices came back among leading tokens, Jeff Mei, the chief operating officer of the BTSE crypto exchange in the British Virgin Islands, said “we’ve seen something of a bloodbath for altcoins.”\nHe said this is likely due to the SEC lawsuits naming a “basket of altcoins as securities, while not categorizing BTC and ETH in the same class.”\nThis creates volatility opportunities for savvy investors, but requires care to navigate, he added.\nOn Tuesday, just a day after the SEC sued Binance for alleged securities violations, the same regulator filed suit against Coinbase, the largest crypto exchange in the U.S., for allegedly breaching securities rules.\nThe SEC alleges San Francisco-based Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019, according to itsstatementreleased Tuesday.\nSEC Chair Gary GenslertweetedTuesday that Coinbase’s alleged failures “deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.”\nIn a related development showing coordination among financial regulators across the U.S., the Alabama Securities Commission on Tuesday filed a so-calledshow cause orderto Coinbase, backed by regulators in many other states.\n“The Order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama,” according to the notice. It adds that nine other state regulators, including California where Coinbase is based, were part of a multi-state task force involved in the order.\nIn response, Brian Armstrong, chief executive officer of Coinbase,tweetedthat the company was “proud to represent the industry in court to finally get some clarity around crypto rules.”\nArmstrong noted that the SEC reviewed Coinbase’s business and approved it to sell shares to the public in 2021. He added that the SEC and the Commodity Futures Trading Commission have made conflicting statements on crypto assets don’t agree on what is a security and what is a commodity.\nCoinbase hadarguedback in April that the SEC’s attacks against Coinbase appeared to be undermining its own role as the approver of companies registering to sell shares to the public.\nCoinbase shares dropped 12.09% at the close of U.S. trading on Tuesday, but rose 2.48% in after-hours trading.\nIn an additional action against Binance, the SEC on Tuesdayaskeda federal judge to freeze the assets of Binance.US, the crypto trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients.\nIn response, Binance.UStweetedon Tuesday that user assets “remain safe and secure” and “the platform continues to be fully operational with deposits and withdrawals functioning as normal.”\nDenys Peleshok, head of Asia at London-based multi-asset brokerage CPT Markets, said: “The SEC has had a very aggressive approach toward crypto companies for some time now and could be increasingly creating an unwelcoming environment for such firms and for the crypto industry as a whole in the country.”\nRepublican Senator Cynthia Lummis followed up on this theme in criticism of the SEC actions in atweeton Tuesday.\n“Real consumer protection requires creating a robust legal framework that exchanges can comply with, not pushing the industry offshore into the shadows.”\n“Tech start-ups are encouraged to ‘run fast and break things’ and to ‘ask for forgiveness, not permission,’ however when the sector the start-up is operating in is finance and investments, there can be real consequences to this approach,” said Bradley Duke, founder and Co-CEO atETC Groupthat specializes in exchange traded crypto products.\n“This is especially true in the US, where there is an absence of a regulatory framework for crypto, coupled with a regulator that has taken a very aggressive stance towards companies operating in the space,” Duke said in email comments.\nNot everyone in the blockchain world agrees that the SEC is out of order.\n“What we’ve seen with crypto exchanges is they have created a market where they act as the Exchange, Broker Dealer, Depository, the Transfer Agent, and even as the Regulator in some cases,” said Jai Waterman, the chief executive officer of U.S.-basedBlockstation.\n“In this case, Binance operates as all of the above. It is no surprise to us that regulatory action would be taken, and that the SEC is going after Binance and Coinbase, we expected it to happen sooner,” said Waterman at Blockstation, which describes itself as a blockchain-driven platform for tokenizing, listing, trading, clearing and settlement of digital assets and securities.\n“A lot of what’s listed on Binance and Coinbase, I would argue, are securities and whereas in the traditional securities market you have decentralization of duties, crypto exchanges are adding significant risks by playing all parts,” he said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexedged down 0.08% to 3,284.07 in the 24 hours to 9:40 a.m. in Hong Kong.\nNFT sales on Ethereum rose 22.81% over the last 24 hours to US$30.06 million, and sales on the Bitcoin network jumped 159.38% to US$8.5 million, according to CryptoSlamdata.\n“NFT traders are rather bullish still on the space in the short term, though watching carefully,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Wednesday.\nPetscher added that NFTs generally trade in cycles between art and profile picture (PFP) NFTs. “Though, with news about the SEC filing lawsuits against Coinbase and Binance, all bets are off.”\nThe NFT market saw a large art sale on Tuesday. Digital artist Tyler Hobbs’ Fidenza #545 wassoldfor around US$1.1 million in a reserved sale, according to NFT marketplace OpenSea.\n“High art sales are an indicator that NFTs may be primed for some action, but the SEC trying to freeze Binance’s U.S. assets and potentially Coinbase’s does have people considering what their best moves are,” Petscher added.\nRuck of Singapore-based ContentFi said that Binance is “placing bets on their involvement in the future of the NFT industry,” as the world’s largest crypto exchangelaunchedsupport for Bitcoin NFTs on Tuesday even after being sued by the SEC.\nBored Ape Yacht Club had the biggest sales in the past 24 hours with a 1.36% rise to US$14.27 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 5.11% increase to US$6.49 million in sales over the past 24 hours.\nShares of Coinbase dropped 12.09% at the close on Tuesday following a 9.05% fall on Monday, while shares of Microstrategy, the world’slargestcorporate holder of Bitcoin, rose 8.13% on Tuesday, recovering from its 8.53% decline on Monday.\nMei at BTSE said the sharp difference in stock performance shows the outsize impact of the SEC’s actions on market sentiment for altcoins as opposed to Bitcoin.\nThe S&P 500 closed up 12.02% on Tuesday, reaching its highest level since August 2022.\nU.S. stock futures were mixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, and S&P 500 futures gained 0.08%. Nasdaq Futures fell 0.03%.\nIn macroeconomic developments, the U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 80.6% chance the Fed will leave rates unchanged in June, and a 19.4% chance for another 25-basis-point rate hike.\n(Corrects Different View section to show Blockstation in based in U.S., not Canada.)', 'Bitcoin recovered to above US$27,000 on Wednesday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rebounding even as U.S. regulators this week launched a series oflawsuitsagainst Binance and Coinbase, two of the world’s biggest crypto exchanges, alleging most tokens are unregistered securities. Polygon’s Matic token was the exception, dipping 1.7% in the past 24 hours.\nBitcoin rose 5.36% over the last 24 hours to US$27,118 at 6:50 a.m. in Hong Kong, bouncing back to the same price range before the U.S. Securities and Exchange Commission (SEC) filed the lawsuits this week. The world’s largest crypto by market capitalization was still down 2.32% over the past seven days, according todatafrom CoinMarketCap.\nEther climbed 4.01% in the past 24 hours to US$1,881, but logged a 1.32% weekly loss.\nThe meme coin Dogecoin led the winners this morning with a gain of 6.43%, edging out Bitcoin for the top spot. Polygon’s Matic missed out on the rebound, sliding 1.7% in the last 24 hours, and lost 9.39% over the past week.\nNick Ruck, chief operating officer of non-fungible token (NFT) intellectual property licensing firm ContentFi, toldForkastthat while the flurry of lawsuits by SEC chair Gary Gensler hit hard, the crypto market has largely held steady.\n“The initial panic quickly wore off as many traders not only expected the lawsuits, but apparently dismissed them entirely,” Ruck said. “A lawsuit may work against the SEC’s expectations when these cases are determined by court judges rather than Gary Gensler’s opinion.”\nWhile prices came back among leading tokens, Jeff Mei, the chief operating officer of the BTSE crypto exchange in the British Virgin Islands, said “we’ve seen something of a bloodbath for altcoins.”\nHe said this is likely due to the SEC lawsuits naming a “basket of altcoins as securities, while not categorizing BTC and ETH in the same class.”\nThis creates volatility opportunities for savvy investors, but requires care to navigate, he added.\nOn Tuesday, just a day after the SEC sued Binance for alleged securities violations, the same regulator filed suit against Coinbase, the largest crypto exchange in the U.S., for allegedly breaching securities rules.\nThe SEC alleges San Francisco-based Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019, according to itsstatementreleased Tuesday.\nSEC Chair Gary GenslertweetedTuesday that Coinbase’s alleged failures “deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.”\nIn a related development showing coordination among financial regulators across the U.S., the Alabama Securities Commission on Tuesday filed a so-calledshow cause orderto Coinbase, backed by regulators in many other states.\n“The Order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama,” according to the notice. It adds that nine other state regulators, including California where Coinbase is based, were part of a multi-state task force involved in the order.\nIn response, Brian Armstrong, chief executive officer of Coinbase,tweetedthat the company was “proud to represent the industry in court to finally get some clarity around crypto rules.”\nArmstrong noted that the SEC reviewed Coinbase’s business and approved it to sell shares to the public in 2021. He added that the SEC and the Commodity Futures Trading Commission have made conflicting statements on crypto assets don’t agree on what is a security and what is a commodity.\nCoinbase hadarguedback in April that the SEC’s attacks against Coinbase appeared to be undermining its own role as the approver of companies registering to sell shares to the public.\nCoinbase shares dropped 12.09% at the close of U.S. trading on Tuesday, but rose 2.48% in after-hours trading.\nIn an additional action against Binance, the SEC on Tuesdayaskeda federal judge to freeze the assets of Binance.US, the crypto trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients.\nIn response, Binance.UStweetedon Tuesday that user assets “remain safe and secure” and “the platform continues to be fully operational with deposits and withdrawals functioning as normal.”\nDenys Peleshok, head of Asia at London-based multi-asset brokerage CPT Markets, said: “The SEC has had a very aggressive approach toward crypto companies for some time now and could be increasingly creating an unwelcoming environment for such firms and for the crypto industry as a whole in the country.”\nRepublican Senator Cynthia Lummis followed up on this theme in criticism of the SEC actions in atweeton Tuesday.\n“Real consumer protection requires creating a robust legal framework that exchanges can comply with, not pushing the industry offshore into the shadows.”\n“Tech start-ups are encouraged to ‘run fast and break things’ and to ‘ask for forgiveness, not permission,’ however when the sector the start-up is operating in is finance and investments, there can be real consequences to this approach,” said Bradley Duke, founder and Co-CEO atETC Groupthat specializes in exchange traded crypto products.\n“This is especially true in the US, where there is an absence of a regulatory framework for crypto, coupled with a regulator that has taken a very aggressive stance towards companies operating in the space,” Duke said in email comments.\nNot everyone in the blockchain world agrees that the SEC is out of order.\n“What we’ve seen with crypto exchanges is they have created a market where they act as the Exchange, Broker Dealer, Depository, the Transfer Agent, and even as the Regulator in some cases,” said Jai Waterman, the chief executive officer of U.S.-basedBlockstation.\n“In this case, Binance operates as all of the above. It is no surprise to us that regulatory action would be taken, and that the SEC is going after Binance and Coinbase, we expected it to happen sooner,” said Waterman at Blockstation, which describes itself as a blockchain-driven platform for tokenizing, listing, trading, clearing and settlement of digital assets and securities.\n“A lot of what’s listed on Binance and Coinbase, I would argue, are securities and whereas in the traditional securities market you have decentralization of duties, crypto exchanges are adding significant risks by playing all parts,” he said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexedged down 0.08% to 3,284.07 in the 24 hours to 9:40 a.m. in Hong Kong.\nNFT sales on Ethereum rose 22.81% over the last 24 hours to US$30.06 million, and sales on the Bitcoin network jumped 159.38% to US$8.5 million, according to CryptoSlamdata.\n“NFT traders are rather bullish still on the space in the short term, though watching carefully,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Wednesday.\nPetscher added that NFTs generally trade in cycles between art and profile picture (PFP) NFTs. “Though, with news about the SEC filing lawsuits against Coinbase and Binance, all bets are off.”\nThe NFT market saw a large art sale on Tuesday. Digital artist Tyler Hobbs’ Fidenza #545 wassoldfor around US$1.1 million in a reserved sale, according to NFT marketplace OpenSea.\n“High art sales are an indicator that NFTs may be primed for some action, but the SEC trying to freeze Binance’s U.S. assets and potentially Coinbase’s does have people considering what their best moves are,” Petscher added.\nRuck of Singapore-based ContentFi said that Binance is “placing bets on their involvement in the future of the NFT industry,” as the world’s largest crypto exchangelaunchedsupport for Bitcoin NFTs on Tuesday even after being sued by the SEC.\nBored Ape Yacht Club had the biggest sales in the past 24 hours with a 1.36% rise to US$14.27 million.\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – recorded a 5.11% increase to US$6.49 million in sales over the past 24 hours.\nShares of Coinbase dropped 12.09% at the close on Tuesday following a 9.05% fall on Monday, while shares of Microstrategy, the world’slargestcorporate holder of Bitcoin, rose 8.13% on Tuesday, recovering from its 8.53% decline on Monday.\nMei at BTSE said the sharp difference in stock performance shows the outsize impact of the SEC’s actions on market sentiment for altcoins as opposed to Bitcoin.\nThe S&P 500 closed up 12.02% on Tuesday, reaching its highest level since August 2022.\nU.S. stock futures were mixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, and S&P 500 futures gained 0.08%. Nasdaq Futures fell 0.03%.\nIn macroeconomic developments, the U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 80.6% chance the Fed will leave rates unchanged in June, and a 19.4% chance for another 25-basis-point rate hike.\n(Corrects Different View section to show Blockstation in based in U.S., not Canada.)', 'Bitcoin recovered to above US$27,000 on Wednesday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rebounding even as U.S. regulators this week launched a series of lawsuits against Binance and Coinbase, two of the world\x92s biggest crypto exchanges, alleging most tokens are unregistered securities. Polygon\x92s Matic token was the exception, dipping 1.7% in the past 24 hours. Bitcoin, Ether bounce Bitcoin rose 5.36% over the last 24 hours to US$27,118 at 6:50 a.m. in Hong Kong, bouncing back to the same price range before the U.S. Securities and Exchange Commission (SEC) filed the lawsuits this week. The world\x92s largest crypto by market capitalization was still down 2.32% over the past seven days, according to data from CoinMarketCap. Ether climbed 4.01% in the past 24 hours to US$1,881, but logged a 1.32% weekly loss. The meme coin Dogecoin led the winners this morning with a gain of 6.43%, edging out Bitcoin for the top spot. Polygon\x92s Matic missed out on the rebound, sliding 1.7% in the last 24 hours, and lost 9.39% over the past week. Nick Ruck, chief operating officer of non-fungible token (NFT) intellectual property licensing firm ContentFi, told Forkast that while the flurry of lawsuits by SEC chair Gary Gensler hit hard, the crypto market has largely held steady. \x93The initial panic quickly wore off as many traders not only expected the lawsuits, but apparently dismissed them entirely,\x94 Ruck said. \x93A lawsuit may work against the SEC\x92s expectations when these cases are determined by court judges rather than Gary Gensler\x92s opinion.\x94 Bloodbath While prices came back among leading tokens, Jeff Mei, the chief operating officer of the BTSE crypto exchange in the British Virgin Islands, said \x93we\x92ve seen something of a bloodbath for altcoins.\x94 He said this is likely due to the SEC lawsuits naming a \x93basket of altcoins as securities, while not categorizing BTC and ETH in the same class.\x94 This creates volatility opportunities for savvy investors, but requires care to navigate, he added. Story continues On Tuesday, just a day after the SEC sued Binance for alleged securities violations, the same regulator filed suit against Coinbase, the largest crypto exchange in the U.S., for allegedly breaching securities rules. The SEC alleges San Francisco-based Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019, according to its statement released Tuesday. SEC Chair Gary Gensler tweeted Tuesday that Coinbase\x92s alleged failures \x93deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.\x94 In a related development showing coordination among financial regulators across the U.S., the Alabama Securities Commission on Tuesday filed a so-called show cause order to Coinbase, backed by regulators in many other states. \x93The Order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama,\x94 according to the notice. It adds that nine other state regulators, including California where Coinbase is based, were part of a multi-state task force involved in the order. Back and forth In response, Brian Armstrong, chief executive officer of Coinbase, tweeted that the company was \x93proud to represent the industry in court to finally get some clarity around crypto rules.\x94 Armstrong noted that the SEC reviewed Coinbase\x92s business and approved it to sell shares to the public in 2021. He added that the SEC and the Commodity Futures Trading Commission have made conflicting statements on crypto assets don\x92t agree on what is a security and what is a commodity. Coinbase had argued back in April that the SEC\x92s attacks against Coinbase appeared to be undermining its own role as the approver of companies registering to sell shares to the public. Coinbase shares dropped 12.09% at the close of U.S. trading on Tuesday, but rose 2.48% in after-hours trading. In an additional action against Binance, the SEC on Tuesday asked a federal judge to freeze the assets of Binance.US, the crypto trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients. In response, Binance.US tweeted on Tuesday that user assets \x93remain safe and secure\x94 and \x93the platform continues to be fully operational with deposits and withdrawals functioning as normal.\x94 Denys Peleshok, head of Asia at London-based multi-asset brokerage CPT Markets, said: \x93The SEC has had a very aggressive approach toward crypto companies for some time now and could be increasingly creating an unwelcoming environment for such firms and for the crypto industry as a whole in the country.\x94 Republican Senator Cynthia Lummis followed up on this theme in criticism of the SEC actions in a tweet on Tuesday. \x93Real consumer protection requires creating a robust legal framework that exchanges can comply with, not pushing the industry offshore into the shadows.\x94 Different view \x93Tech start-ups are encouraged to \x91run fast and break things\x92 and to \x91ask for forgiveness, not permission,\x92 however when the sector the start-up is operating in is finance and investments, there can be real consequences to this approach,\x94 said Bradley Duke, founder and Co-CEO at ETC Group that specializes in exchange traded crypto products. \x93This is especially true in the US, where there is an absence of a regulatory framework for crypto, coupled with a regulator that has taken a very aggressive stance towards companies operating in the space,\x94 Duke said in email comments. Not everyone in the blockchain world agrees that the SEC is out of order. \x93What we\x92ve seen with crypto exchanges is they have created a market where they act as the Exchange, Broker Dealer, Depository, the Transfer Agent, and even as the Regulator in some cases,\x94 said Jai Waterman, the chief executive officer of U.S.-based Blockstation . \x93In this case, Binance operates as all of the above. It is no surprise to us that regulatory action would be taken, and that the SEC is going after Binance and Coinbase, we expected it to happen sooner,\x94 said Waterman at Blockstation, which describes itself as a blockchain-driven platform for tokenizing, listing, trading, clearing and settlement of digital assets and securities. \x93A lot of what\x92s listed on Binance and Coinbase, I would argue, are securities and whereas in the traditional securities market you have decentralization of duties, crypto exchanges are adding significant risks by playing all parts,\x94 he said. NFT sales rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the NFT market, the Forkast 500 NFT index edged down 0.08% to 3,284.07 in the 24 hours to 9:40 a.m. in Hong Kong. NFT sales on Ethereum rose 22.81% over the last 24 hours to US$30.06 million, and sales on the Bitcoin network jumped 159.38% to US$8.5 million, according to CryptoSlam data . \x93NFT traders are rather bullish still on the space in the short term, though watching carefully,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Wednesday. Petscher added that NFTs generally trade in cycles between art and profile picture (PFP) NFTs. \x93Though, with news about the SEC filing lawsuits against Coinbase and Binance, all bets are off.\x94 The NFT market saw a large art sale on Tuesday. Digital artist Tyler Hobbs\x92 Fidenza #545 was sold for around US$1.1 million in a reserved sale, according to NFT marketplace OpenSea. \x93High art sales are an indicator that NFTs may be primed for some action, but the SEC trying to freeze Binance\x92s U.S. assets and potentially Coinbase\x92s does have people considering what their best moves are,\x94 Petscher added. Ruck of Singapore-based ContentFi said that Binance is \x93placing bets on their involvement in the future of the NFT industry,\x94 as the world\x92s largest crypto exchange launched support for Bitcoin NFTs on Tuesday even after being sued by the SEC. Bored Ape Yacht Club had the biggest sales in the past 24 hours with a 1.36% rise to US$14.27 million. Uncategorized Ordinals \x96 recently popular Bitcoin Ordinals that are not part of an established collection \x96 recorded a 5.11% increase to US$6.49 million in sales over the past 24 hours. Coinbase shares drop amid broader stock rally SEC Chair Gary Gensler. Image: Getty Images Shares of Coinbase dropped 12.09% at the close on Tuesday following a 9.05% fall on Monday, while shares of Microstrategy, the world\x92s largest corporate holder of Bitcoin, rose 8.13% on Tuesday, recovering from its 8.53% decline on Monday. Mei at BTSE said the sharp difference in stock performance shows the outsize impact of the SEC\x92s actions on market sentiment for altcoins as opposed to Bitcoin. The S&P 500 closed up 12.02% on Tuesday, reaching its highest level since August 2022. U.S. stock futures were mixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.02%, and S&P 500 futures gained 0.08%. Nasdaq Futures fell 0.03%. In macroeconomic developments, the U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool now predicts a 80.6% chance the Fed will leave rates unchanged in June, and a 19.4% chance for another 25-basis-point rate hike. (Corrects Different View section to show Blockstation in based in U.S., not Canada.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos rally, despite new SEC action.\nInsights:Binance and FTX have both been accused of co-mingling assets, but there are differences.\nCoinDesk Market Index (CMI)\n1,180\n+48.4▲4.3%\nBitcoin (BTC)\n$27,204\n+1443.7▲5.6%\nEthereum (ETH)\n$1,884\n+72.0▲4.0%\nS&P 500\n4,283.85\n+10.1▲0.2%\nGold\n$1,980\n+22.1▲1.1%\nNikkei 225\n32,506.78\n+289.3▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,180", "+48.4\\u25b24.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,204", "+1443.7\\u25b25.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,884", "+72.0\\u25b24.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,283.85", "+10.1\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+22.1\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,506.78", "+289.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains Lost Ground\nWith a few zigzags along the way, bitcoin shook off the Securities and Exchange (SEC) Enforcement Week to climb back up above $27,000 on Tuesday for the first time since the weekend.\nThe largest cryptocurrency by market capitalization was recently trading at $27,200, up 4.3% over the past 24 hours. BTC sank near $25,400 on Monday in the hours after the SEC announced a lawsuit against Binance, the world’s largest crypto exchange by trading volume. But bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day,asked a Federal courtto grant a temporary restraining order to freeze assets tied toBinance.US.\n“The fact that the market has rebounded leads me to believe that this was at least partially priced in,” Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie, wrote in an email to CoinDesk. “No one is surprised by Gensler\'s actions.”\nRead More:Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits\nEther also spent much of Tuesday on the upswing to trade near $1,900, a 4% gain from Monday, same time. BNB, Binance’s exchange token, which dropped about recently rose about 2% a day after plunging more than 10%. ADA and SOL, the tokens of smart contracts platforms Cardano and Solano, regained slivers of ground lost amid lawsuit aftershocks with the former rising about a half a percentage point and the latter more than 1%. Layer 2 platform Polygon’s MATIC was down about 1.5%. In its filing, the SEC identified those tokens among 13 as unregistered securities.\nTheCoinDesk Market Index, a measure of crypto market performance, was up 4.8%.\nFueled by AI euphoria and recent gains among several tech giants, including chipmaker Nvidia, the technology-heavy Nasdaq Composite and S&P 500 both rose slightly with the former hitting its highest point in 10 months and the latter in more than a year.\nThe Tie’s Franklin noted that institutional investors remain ambivalent months after crypto exchange FTX’s spectacular collapse in November and the increasingly harsh U.S. regulatory environment.\nRead More:SEC\'s Latest Crackdown Could Drive Crypto Firms Out of the U.S.\n“Many funds that invested in FTX got burned, and some partners that led their firms\' FTX deals were fired,” Franklin wrote. As a result, many VCs are feeling nervous to enter crypto. There is a similar trepidation among institutional allocators like pensions and endowments that broadly were burned on their earlier crypto allocations.”\nFranklin added that even hedge funds that were not-too-long ago accelerating their participation in the crypto space faster than any other institutional group, have also applied “the brakes,” amid concerns about regulation, a lack of credit and “viable venues to trade on in the U.S.,” limited custody options and angst about doing business with digital asset firms that may not survive in the wider crypto contagion.\nRead More:Why Isn’t Bitcoin Falling More? Cryptos Are Acting More Like Commodities Than Securities\n“These are just a few of the many concerns that they have,” Franklin said, although he added more optimistically that “we are seeing significantly more positive developments in Europe and Asia.”\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.6%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+4.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nBinance and FTX\'s Alleged Co-Minglings Aren\'t the Same\nBinance is facing aSecurities and Exchange Commission (SEC) lawsuitalleging poor financial controls and misuse of customer funds. Weeks prior, internal control issues took center stage in aReuters reportaccusing it of commingling customer and company funds, which the company\'s chief communications officer has refuted.\nComparing and contrasting the accusations that Binance co-mingled funds with those against FTX, which also co-mingled funds, might be tempting.\nHowever, these comparisons are superficial. While they could both be described as co-mingling, the process and implications are different.\nIn its complaint, the SEC suggests that billions of dollars of customer funds were accessible to entities connected to Binance CEO Changpeng “CZ” Zhao, namely market makers Merit Peak and Sigma Chain. Among the allegations from the SEC, $200 million was reportedly transferred from BAM Trading, a Binance-related entity, to Sigma Chain, another entity controlled by CZ, and a Binance bank account sent CZ $62.5 million.\nIf true, it’s hard to call this anything but co-mingling.\nBut missing here is any mention of BNB, its native exchange token.\nCenter to FTX’s co-minging problem is FTT, and how it played a role at Alameda Research.\nAs CoinDeskreported last November, a large portion of Alameda\'s assets consisted of FTT tokens, which were issued by FTX. This arrangement raised massive questions about the interconnectedness of the two entities, particularly given that the value of the FTT token is partly sustained by FTX\'s own activities.\nAlameda, a market maker and investor, was a material stakeholder in the crypto economy at the time; thus, the market was dutifully concerned about how much of Alameda’s investing power was printed out of thin air.\nThis isn’t the case for BNB. Binance isn’t an investor like Alameda was, and BNB doesn’t compose the material portion of anyone’s balance sheet.\nSure, Sam Bankman-Fried also lateradmitted to not segregating customer accounts, which later formed part of theprosecutors’ case against him. And this sounds a lot like what CZ is being accused of. However, Binance\'s accusations revolve more around the alleged diversion of customer funds and interference in U.S. operations, while the issues with FTX/Alameda pertain to blurred lines between the two entities and the non-segregation of customer funds.\nSimilar, but different things.\nAnd we’ll see in the coming weeks how much of CZ’s empire this takes out.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Down After SEC Charges Coinbase, Binance\nThe crypto markets remained down as the SEC announced it was charging Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The announcement came less than a day after the SEC charged Binance with multiple securities violations. Ashley Ebersole, 0x Labs Chief Legal Officer, weighed in on the details. Plus, Vetle Lunde, K33 Senior Analyst, dove into how the markets are reacting to the developing news.\nAtomic Wallet Was Breached by North Korean Hackers:Elliptic Wallets that siphoned Atomic users\' funds are connected to the known Lazarus group\'s addresses, crypto tracing firm said.\nGary Gensler’s Evolving Position on Crypto – in Quotes:The SEC chair has gone from supporting the technology at MIT to a full-swing offensive on the crypto industry.\nOptimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain:Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.\nOne-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto:The mystery is over for how the U.S. Securities and Exchange Commission will come after the digital assets sector’s big platforms, though alleged skeletons in Binance’s closet drew more ire.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos rally, despite new SEC action.\nInsights:Binance and FTX have both been accused of co-mingling assets, but there are differences.\nCoinDesk Market Index (CMI)\n1,180\n+48.4▲4.3%\nBitcoin (BTC)\n$27,204\n+1443.7▲5.6%\nEthereum (ETH)\n$1,884\n+72.0▲4.0%\nS&P 500\n4,283.85\n+10.1▲0.2%\nGold\n$1,980\n+22.1▲1.1%\nNikkei 225\n32,506.78\n+289.3▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,180", "+48.4\\u25b24.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,204", "+1443.7\\u25b25.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,884", "+72.0\\u25b24.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,283.85", "+10.1\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+22.1\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,506.78", "+289.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains Lost Ground\nWith a few zigzags along the way, bitcoin shook off the Securities and Exchange (SEC) Enforcement Week to climb back up above $27,000 on Tuesday for the first time since the weekend.\nThe largest cryptocurrency by market capitalization was recently trading at $27,200, up 4.3% over the past 24 hours. BTC sank near $25,400 on Monday in the hours after the SEC announced a lawsuit against Binance, the world’s largest crypto exchange by trading volume. But bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day,asked a Federal courtto grant a temporary restraining order to freeze assets tied toBinance.US.\n“The fact that the market has rebounded leads me to believe that this was at least partially priced in,” Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie, wrote in an email to CoinDesk. “No one is surprised by Gensler\'s actions.”\nRead More:Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits\nEther also spent much of Tuesday on the upswing to trade near $1,900, a 4% gain from Monday, same time. BNB, Binance’s exchange token, which dropped about recently rose about 2% a day after plunging more than 10%. ADA and SOL, the tokens of smart contracts platforms Cardano and Solano, regained slivers of ground lost amid lawsuit aftershocks with the former rising about a half a percentage point and the latter more than 1%. Layer 2 platform Polygon’s MATIC was down about 1.5%. In its filing, the SEC identified those tokens among 13 as unregistered securities.\nTheCoinDesk Market Index, a measure of crypto market performance, was up 4.8%.\nFueled by AI euphoria and recent gains among several tech giants, including chipmaker Nvidia, the technology-heavy Nasdaq Composite and S&P 500 both rose slightly with the former hitting its highest point in 10 months and the latter in more than a year.\nThe Tie’s Franklin noted that institutional investors remain ambivalent months after crypto exchange FTX’s spectacular collapse in November and the increasingly harsh U.S. regulatory environment.\nRead More:SEC\'s Latest Crackdown Could Drive Crypto Firms Out of the U.S.\n“Many funds that invested in FTX got burned, and some partners that led their firms\' FTX deals were fired,” Franklin wrote. As a result, many VCs are feeling nervous to enter crypto. There is a similar trepidation among institutional allocators like pensions and endowments that broadly were burned on their earlier crypto allocations.”\nFranklin added that even hedge funds that were not-too-long ago accelerating their participation in the crypto space faster than any other institutional group, have also applied “the brakes,” amid concerns about regulation, a lack of credit and “viable venues to trade on in the U.S.,” limited custody options and angst about doing business with digital asset firms that may not survive in the wider crypto contagion.\nRead More:Why Isn’t Bitcoin Falling More? Cryptos Are Acting More Like Commodities Than Securities\n“These are just a few of the many concerns that they have,” Franklin said, although he added more optimistically that “we are seeing significantly more positive developments in Europe and Asia.”\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+5.6%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+4.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nBinance and FTX\'s Alleged Co-Minglings Aren\'t the Same\nBinance is facing aSecurities and Exchange Commission (SEC) lawsuitalleging poor financial controls and misuse of customer funds. Weeks prior, internal control issues took center stage in aReuters reportaccusing it of commingling customer and company funds, which the company\'s chief communications officer has refuted.\nComparing and contrasting the accusations that Binance co-mingled funds with those against FTX, which also co-mingled funds, might be tempting.\nHowever, these comparisons are superficial. While they could both be described as co-mingling, the process and implications are different.\nIn its complaint, the SEC suggests that billions of dollars of customer funds were accessible to entities connected to Binance CEO Changpeng “CZ” Zhao, namely market makers Merit Peak and Sigma Chain. Among the allegations from the SEC, $200 million was reportedly transferred from BAM Trading, a Binance-related entity, to Sigma Chain, another entity controlled by CZ, and a Binance bank account sent CZ $62.5 million.\nIf true, it’s hard to call this anything but co-mingling.\nBut missing here is any mention of BNB, its native exchange token.\nCenter to FTX’s co-minging problem is FTT, and how it played a role at Alameda Research.\nAs CoinDeskreported last November, a large portion of Alameda\'s assets consisted of FTT tokens, which were issued by FTX. This arrangement raised massive questions about the interconnectedness of the two entities, particularly given that the value of the FTT token is partly sustained by FTX\'s own activities.\nAlameda, a market maker and investor, was a material stakeholder in the crypto economy at the time; thus, the market was dutifully concerned about how much of Alameda’s investing power was printed out of thin air.\nThis isn’t the case for BNB. Binance isn’t an investor like Alameda was, and BNB doesn’t compose the material portion of anyone’s balance sheet.\nSure, Sam Bankman-Fried also lateradmitted to not segregating customer accounts, which later formed part of theprosecutors’ case against him. And this sounds a lot like what CZ is being accused of. However, Binance\'s accusations revolve more around the alleged diversion of customer funds and interference in U.S. operations, while the issues with FTX/Alameda pertain to blurred lines between the two entities and the non-segregation of customer funds.\nSimilar, but different things.\nAnd we’ll see in the coming weeks how much of CZ’s empire this takes out.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Down After SEC Charges Coinbase, Binance\nThe crypto markets remained down as the SEC announced it was charging Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The announcement came less than a day after the SEC charged Binance with multiple securities violations. Ashley Ebersole, 0x Labs Chief Legal Officer, weighed in on the details. Plus, Vetle Lunde, K33 Senior Analyst, dove into how the markets are reacting to the developing news.\nAtomic Wallet Was Breached by North Korean Hackers:Elliptic Wallets that siphoned Atomic users\' funds are connected to the known Lazarus group\'s addresses, crypto tracing firm said.\nGary Gensler’s Evolving Position on Crypto – in Quotes:The SEC chair has gone from supporting the technology at MIT to a full-swing offensive on the crypto industry.\nOptimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain:Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.\nOne-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto:The mystery is over for how the U.S. Securities and Exchange Commission will come after the digital assets sector’s big platforms, though alleged skeletons in Binance’s closet drew more ire.', 'Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos rally, despite new SEC action. Insights: Binance and FTX have both been accused of co-mingling assets, but there are differences. Prices CoinDesk Market Index (CMI) 1,180 +48.4 ▲ 4.3% Bitcoin (BTC) $27,204 +1443.7 ▲ 5.6% Ethereum (ETH) $1,884 +72.0 ▲ 4.0% S&P 500 4,283.85 +10.1 ▲ 0.2% Gold $1,980 +22.1 ▲ 1.1% Nikkei 225 32,506.78 +289.3 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,180 +48.4 ▲ 4.3% Bitcoin (BTC) $27,204 +1443.7 ▲ 5.6% Ethereum (ETH) $1,884 +72.0 ▲ 4.0% S&P 500 4,283.85 +10.1 ▲ 0.2% Gold $1,980 +22.1 ▲ 1.1% Nikkei 225 32,506.78 +289.3 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Regains Lost Ground With a few zigzags along the way, bitcoin shook off the Securities and Exchange (SEC) Enforcement Week to climb back up above $27,000 on Tuesday for the first time since the weekend. The largest cryptocurrency by market capitalization was recently trading at $27,200, up 4.3% over the past 24 hours. BTC sank near $25,400 on Monday in the hours after the SEC announced a lawsuit against Binance, the world’s largest crypto exchange by trading volume. But bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day, asked a Federal court to grant a temporary restraining order to freeze assets tied to Binance.US . “The fact that the market has rebounded leads me to believe that this was at least partially priced in,” Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie, wrote in an email to CoinDesk. “No one is surprised by Gensler\'s actions.” Read More: Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits Ether also spent much of Tuesday on the upswing to trade near $1,900, a 4% gain from Monday, same time. BNB, Binance’s exchange token, which dropped about recently rose about 2% a day after plunging more than 10%. ADA and SOL, the tokens of smart contracts platforms Cardano and Solano, regained slivers of ground lost amid lawsuit aftershocks with the former rising about a half a percentage point and the latter more than 1%. Layer 2 platform Polygon’s MATIC was down about 1.5%. In its filing, the SEC identified those tokens among 13 as unregistered securities. Story continues The CoinDesk Market Index , a measure of crypto market performance, was up 4.8%. Fueled by AI euphoria and recent gains among several tech giants, including chipmaker Nvidia, the technology-heavy Nasdaq Composite and S&P 500 both rose slightly with the former hitting its highest point in 10 months and the latter in more than a year. The Tie’s Franklin noted that institutional investors remain ambivalent months after crypto exchange FTX’s spectacular collapse in November and the increasingly harsh U.S. regulatory environment. Read More: SEC\'s Latest Crackdown Could Drive Crypto Firms Out of the U.S. “Many funds that invested in FTX got burned, and some partners that led their firms\' FTX deals were fired,” Franklin wrote. As a result, many VCs are feeling nervous to enter crypto. There is a similar trepidation among institutional allocators like pensions and endowments that broadly were Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $525,506,339,594 - Hash Rate: 343827827.89167106 - Transaction Count: 433781.0 - Unique Addresses: 734954.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Some Fortune Crypto pricing data is provided by Binance.) More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips. Although long known for financial utility, the Bitcoin blockchain was never a player when it came to NFTs, which became one of the main use cases for Ethereum , followed later by Solana and Polygon. But the Bitcoin network just surpassed Solana in NFT sales volume over the past seven days, and now trails only Ethereum, according to CryptoSlam. While some critics have said Bitcoin NFTs, or Ordinals, slow down the network and increase fees, supporters have said the tech will enhance the blockchain. One such supporter is Bob Bodily, who is working on an NFT marketplace for Ordinals called bioniq. Bodily told me that by the time the 10th Ordinal was inscribed earlier this year, he knew the technology was going to be huge. Two factors stand out to him as evidence that Ordinals have even more room to grow: Bitcoin’s $518 billion market cap—still more than twice Ethereum’s—and the fact that with Ordinals all data for an NFT are on-chain. “A lot of collections are down pretty bad, and so the fact that you have the excitement and the energy of Ordinals in the middle of a bear market, I think it's pretty telling,” he told Fortune . Already, he noted, Bitcoin is attracting developers who originally were Bitcoin advocates but found it hard to build on-chain. He said he's seen several developers starting to build on Bitcoin again after leaving years ago for Bitcoin Cash, which was created as a result of a disagreement between developers in 2017. Story continues Decrypt reported on Thursday that the network is also attracting developers from Ethereum, which has long been attractive for teams looking to build dapps that use smart contracts. Ordinals have exploded in popularity, with 9.3 million inscriptions created since they were introduced in December, according to Dune. Soon enough we’ll see whether Ordinals have opened the door to a flurry of new applications for Bitcoin, or if, ultimately, it’s just another hype cycle. New launch spotlight Binance wants to facilitate your next NFT loan. With the Binance NFT Loan product announced this week, the world’s largest crypto exchange is offering users 3.36% interest rates on loans, whose amount can fluctuate depending on the price floor of an NFT that's put up for collateral. Only NFTs from the Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles collections are currently accepted. Last week, I wrote about how NFT loans were making a comeback, thanks to upstart Blur and the more established Arcade . This announcement could accelerate that trend. At least for a limited time, the loan product has some of the best interest rates in the industry, and even lower than the national average interest rate on a 30-year fixed mortgage, which sat at 7.17% on Friday, according to Bankrate. There are still risks. If the value of your collateral NFT drops too low, you risk liquidation. Your interest rate can also change based on the overall market, Binance warns. In other news Bitcoin NFTs, or Ordinals , now have a stablecoin. Stably USD , issued by Web3 company Stably, says the crypto will make trading ordinals easier than it would be by using U.S. dollars or another fiat currency, CoinDesk reported . Web3 company Elemint and Web3 agency Bary partnered with Platinium Group , the ticket operator for Formula 1 Grand Prix events, to launch a new platform that offers NFT tickets . The NFT tickets are meant to prevent counterfeiting and serve as digital souvenirs and will be introduced at this weekend's race in Monaco. In the long term, the companies want to use the NFT tickets to give holders added benefits and loyalty rewards. Formula 1 will now have NFT tickets for its Grand Prix events. Paris Hilton launched a collection of 5,555 NFT avatars this week for the Web3 metaverse platform The Sandbox . Paris Hilton's media company, 11:11 Media, created the avatars with inspiration from her real-life outfits and accessories. The avatars will be sold for 100 SAND each and released in three waves. The 11 people who buy a limited 1-of-1 edition of the collectibles will receive a free ticket to Paris: Live in Concert on June 7. Paris Hilton launched NFT avatars on The Sandbox metaverse platform. SURREAL , a company that offers “metaverse as a service” to clients like the Atlanta Braves, introduced a consulting service called S-Map Consulting to help customers launch, maintain, and expand their own virtual worlds. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin retreats below $26.5K amid a wider crypto decline as Binance, Coinbase-related fears linger. Insights: The decline in bitcoin and ether prices since 2022 mirrors the decrease in stablecoin balances over the same period. Prices CoinDesk Market Index (CMI) 1,148 −31.8 ▼ 2.7% Bitcoin (BTC) $26,364 −880.1 ▼ 3.2% Ethereum (ETH) $1,834 −51.1 ▼ 2.7% S&P 500 4,267.52 −16.3 ▼ 0.4% Gold $1,959 −6.3 ▼ 0.3% Nikkei 225 31,913.74 −593.0 ▼ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,148 −31.8 ▼ 2.7% Bitcoin (BTC) $26,364 −880.1 ▼ 3.2% Ethereum (ETH) $1,834 −51.1 ▼ 2.7% S&P 500 4,267.52 −16.3 ▼ 0.4% Gold $1,959 −6.3 ▼ 0.3% Nikkei 225 31,913.74 −593.0 ▼ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Bitcoin Retreat Bitcoin returned to its downtrodden ways on Wednesday amid a wider crypto decline that swept up altcoins mentioned and unmentioned in the Securities and Exchange (SEC) lawsuits against Binance and Coinbase earlier this week. The largest cryptocurrency by market capitalization was recently trading at $26,364, off 3.2% over the past 24 hours. BTC had soared above $27,200 on Tuesday as investors seemed to already price in the latest regulatory body blows against an industry already reeling from assorted debacles. Bitcoin and ether, along with Tether’s USDT stablecoin, traded at large premiums on Binance.US , a sign that investors were exiting the platform. In an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that the firm was expecting continued higher volatility for "days or even weeks" as a result of the SEC suits. But he added: that "in general, the market seems in better shape and better prepared for possible outcomes. Undoubtedly, crypto market participants are doing a better job at managing risks than they did two to three years ago." Story continues ETH fared somewhat better than BTC to recently trade at $1,834, off 2.7% from Tuesday same time. CoinDesk Indices‘ Ether Trend Indicator (ETI) moved into “significant uptrend" territory, an improvement over its reading a day prior. The ETI, which gauges price momentum, suggested that "recent bullish price action is outpacing previous price moves," CoinDesk analyst Glenn Williams wrote in a column. Still, SEC fallout was fierce on Wednesday. BNB , the Binance Smart Chain’s native token, recently dropped 7.6% from Tuesday, same time, and at one point earlier in the day sank to about $252, its lowest price since early January, according to CoinDesk data. Cardano’s ADA , Polygon’s MATIC and Solana’s SOL , all top 10 tokens by market capitalization that were noted in the SEC filing, recently took a dive between 6% and 9%. The CoinDesk Market Index , a measure of crypto markets performance, was recently down 3.1%. Equity indexes closed mixed with the Dow Jones Industrial Average (DJIA) ticking up a few notches but the Nasdaq Composite and S&P 500 falling 1.3% and 0.4%, respectively, just a day after reaching 2023 highs as investors fretted about the Bank of Canada\'s unexpected interest rate hike. The decision offered the latest evidence that central banks remain anxious about inflation and that the monetary hawkishness that has hamstrung asset markets over the past year may continue. Read more: Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment In an note, Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted that Canada’s central bank was among the most proactive about monetary policy. "They were the first to raise rates in 2022 and then put them on hold earlier this year," Moya wrote. "The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike." -JR Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −9.0% Entertainment Solana SOL −8.8% Smart Contract Platform Cardano ADA −8.7% Smart Contract Platform Insights What Do Current Stablecoin Balances Mean? While the financial community eyes jobs data, inflation figures and the Securities Exchange Commission (SEC) impacts, one straightforward factor my give more insight into where the price of bitcoin is headed next. (Glassnode) As a primary vehicle for buying crypto assets, the amount of stablecoins on exchanges can serve as a precursor to buying demand. While some notable exchanges offer a “fiat onramp,” meaning the exchange of U.S. dollars directly for crypto, some investors acquire crypto assets via the exchange of stablecoins like USDC and USDT for crypto. Per on-chain data firm Glassnode , the amount of stablecoins held on exchange addresses has declined from 32 billion to 19 billion between January 2022 and June 2023. The price for both BTC and ETH are down 45% and 50% respectively over that time frame. Increases in the stablecoin exchange balance during the remainder of 2023 will be a likely indication that buying demand is increasing. -GW This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. The Non Fungible Conference (Portugal) Brussels Blockchain Week (Belgium) BTC Prague Conference CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Crypto Markets Bounce Back After SEC Action Against Coinbase, Binance Bitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discussed how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De broke down the latest developments as SEC seeks a temporary restraining order to freeze assets tied to Binance.US on Tuesday. Headlines Coinbase CEO Armstrong Says Not Shutting Down Staking Service : The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators. BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble : Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat. The Petrodollar and Its Discontents Point to Bitcoin\'s Role in the Financial Future : Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a bitcoin-like currency do better? Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet : The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday. Stablecoin Issuer Circle Receives Digital Token License in Singapore : The issuer of USDC received in-principle approval in November last year.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin retreats below $26.5K amid a wider crypto decline as Binance, Coinbase-related fears linger.\nInsights:The decline in bitcoin and ether prices since 2022 mirrors the decrease in stablecoin balances over the same period.\nCoinDesk Market Index (CMI)\n1,148\n−31.8▼2.7%\nBitcoin (BTC)\n$26,364\n−880.1▼3.2%\nEthereum (ETH)\n$1,834\n−51.1▼2.7%\nS&P 500\n4,267.52\n−16.3▼0.4%\nGold\n$1,959\n−6.3▼0.3%\nNikkei 225\n31,913.74\n−593.0▼1.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,148", "\\u221231.8\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,364", "\\u2212880.1\\u25bc3.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,834", "\\u221251.1\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,267.52", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,959", "\\u22126.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,913.74", "\\u2212593.0\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Bitcoin Retreat\nBitcoin returned to its downtrodden ways on Wednesday amid a wider crypto decline that swept up altcoins mentioned and unmentioned in the Securities and Exchange (SEC) lawsuits against Binance and Coinbase earlier this week.\nThe largest cryptocurrency by market capitalization was recently trading at $26,364, off 3.2% over the past 24 hours. BTC had soared above $27,200 on Tuesday as investors seemed to already price in the latest regulatory body blows against an industry already reeling from assorted debacles. Bitcoin and ether, along with Tether’sUSDTstablecoin, traded at large premiums onBinance.US, a sign that investors were exiting the platform.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that the firm was expecting continued higher volatility for "days or even weeks" as a result of the SEC suits.\nBut he added: that "in general, the market seems in better shape and better prepared for possible outcomes. Undoubtedly, crypto market participants are doing a better job at managing risks than they did two to three years ago."\nETH fared somewhat better than BTC to recently trade at $1,834, off 2.7% from Tuesday same time. CoinDesk Indices‘ Ether Trend Indicator (ETI) moved into “significant uptrend" territory, an improvement over its reading a day prior. The ETI, which gauges price momentum, suggested that "recent bullish price action is outpacing previous price moves," CoinDesk analyst Glenn Williams wrote in a column.\nStill, SEC fallout was fierce on Wednesday.BNB, the Binance Smart Chain’s native token, recently dropped 7.6% from Tuesday, same time, and at one point earlier in the day sank to about $252, its lowest price since early January, according to CoinDesk data. Cardano’sADA, Polygon’sMATICand Solana’sSOL, all top 10 tokens by market capitalization that were noted in the SEC filing, recently took a dive between 6% and 9%.\nTheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.1%.\nEquity indexes closed mixed with the Dow Jones Industrial Average (DJIA) ticking up a few notches but the Nasdaq Composite and S&P 500 falling 1.3% and 0.4%, respectively, just a day after reaching 2023 highs as investors fretted about the Bank of Canada\'s unexpected interest rate hike. The decision offered the latest evidence that central banks remain anxious about inflation and that the monetary hawkishness that has hamstrung asset markets over the past year may continue.\nRead more: Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment\nIn an note, Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted that Canada’s central bank was among the most proactive about monetary policy. "They were the first to raise rates in 2022 and then put them on hold earlier this year," Moya wrote. "The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike."\n-JR\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22128.7%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Current Stablecoin Balances Mean?\nWhile the financial community eyes jobs data, inflation figures and the Securities Exchange Commission (SEC) impacts, one straightforward factor my give more insight into where the price of bitcoin is headed next.\nAs a primary vehicle for buying crypto assets, the amount of stablecoins on exchanges can serve as a precursor to buying demand.\nWhile some notable exchanges offer a “fiat onramp,” meaning the exchange of U.S. dollars directly for crypto, some investors acquire crypto assets via the exchange of stablecoins like USDC and USDT for crypto.\nPer on-chain data firmGlassnode, the amount of stablecoins held on exchange addresses has declined from 32 billion to 19 billion between January 2022 and June 2023. The price for both BTC and ETH are down 45% and 50% respectively over that time frame.\nIncreases in the stablecoin exchange balance during the remainder of 2023 will be a likely indication that buying demand is increasing.\n-GW\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nBTC Prague Conference\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Bounce Back After SEC Action Against Coinbase, Binance\nBitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discussed how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De broke down the latest developments as SEC seeks a temporary restraining order to freeze assets tied toBinance.USon Tuesday.\nCoinbase CEO Armstrong Says Not Shutting Down Staking Service:The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators.\nBNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble:Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.\nThe Petrodollar and Its Discontents Point to Bitcoin\'s Role in the Financial Future:Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a bitcoin-like currency do better?\nAave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet:The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.\nStablecoin Issuer Circle Receives Digital Token License in Singapore:The issuer of USDC received in-principle approval in November last year.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin retreats below $26.5K amid a wider crypto decline as Binance, Coinbase-related fears linger.\nInsights:The decline in bitcoin and ether prices since 2022 mirrors the decrease in stablecoin balances over the same period.\nCoinDesk Market Index (CMI)\n1,148\n−31.8▼2.7%\nBitcoin (BTC)\n$26,364\n−880.1▼3.2%\nEthereum (ETH)\n$1,834\n−51.1▼2.7%\nS&P 500\n4,267.52\n−16.3▼0.4%\nGold\n$1,959\n−6.3▼0.3%\nNikkei 225\n31,913.74\n−593.0▼1.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,148", "\\u221231.8\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,364", "\\u2212880.1\\u25bc3.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,834", "\\u221251.1\\u25bc2.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,267.52", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,959", "\\u22126.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,913.74", "\\u2212593.0\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Bitcoin Retreat\nBitcoin returned to its downtrodden ways on Wednesday amid a wider crypto decline that swept up altcoins mentioned and unmentioned in the Securities and Exchange (SEC) lawsuits against Binance and Coinbase earlier this week.\nThe largest cryptocurrency by market capitalization was recently trading at $26,364, off 3.2% over the past 24 hours. BTC had soared above $27,200 on Tuesday as investors seemed to already price in the latest regulatory body blows against an industry already reeling from assorted debacles. Bitcoin and ether, along with Tether’sUSDTstablecoin, traded at large premiums onBinance.US, a sign that investors were exiting the platform.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that the firm was expecting continued higher volatility for "days or even weeks" as a result of the SEC suits.\nBut he added: that "in general, the market seems in better shape and better prepared for possible outcomes. Undoubtedly, crypto market participants are doing a better job at managing risks than they did two to three years ago."\nETH fared somewhat better than BTC to recently trade at $1,834, off 2.7% from Tuesday same time. CoinDesk Indices‘ Ether Trend Indicator (ETI) moved into “significant uptrend" territory, an improvement over its reading a day prior. The ETI, which gauges price momentum, suggested that "recent bullish price action is outpacing previous price moves," CoinDesk analyst Glenn Williams wrote in a column.\nStill, SEC fallout was fierce on Wednesday.BNB, the Binance Smart Chain’s native token, recently dropped 7.6% from Tuesday, same time, and at one point earlier in the day sank to about $252, its lowest price since early January, according to CoinDesk data. Cardano’sADA, Polygon’sMATICand Solana’sSOL, all top 10 tokens by market capitalization that were noted in the SEC filing, recently took a dive between 6% and 9%.\nTheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.1%.\nEquity indexes closed mixed with the Dow Jones Industrial Average (DJIA) ticking up a few notches but the Nasdaq Composite and S&P 500 falling 1.3% and 0.4%, respectively, just a day after reaching 2023 highs as investors fretted about the Bank of Canada\'s unexpected interest rate hike. The decision offered the latest evidence that central banks remain anxious about inflation and that the monetary hawkishness that has hamstrung asset markets over the past year may continue.\nRead more: Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment\nIn an note, Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted that Canada’s central bank was among the most proactive about monetary policy. "They were the first to raise rates in 2022 and then put them on hold earlier this year," Moya wrote. "The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike."\n-JR\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22128.7%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Current Stablecoin Balances Mean?\nWhile the financial community eyes jobs data, inflation figures and the Securities Exchange Commission (SEC) impacts, one straightforward factor my give more insight into where the price of bitcoin is headed next.\nAs a primary vehicle for buying crypto assets, the amount of stablecoins on exchanges can serve as a precursor to buying demand.\nWhile some notable exchanges offer a “fiat onramp,” meaning the exchange of U.S. dollars directly for crypto, some investors acquire crypto assets via the exchange of stablecoins like USDC and USDT for crypto.\nPer on-chain data firmGlassnode, the amount of stablecoins held on exchange addresses has declined from 32 billion to 19 billion between January 2022 and June 2023. The price for both BTC and ETH are down 45% and 50% respectively over that time frame.\nIncreases in the stablecoin exchange balance during the remainder of 2023 will be a likely indication that buying demand is increasing.\n-GW\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nThe Non Fungible Conference(Portugal)\nBrussels Blockchain Week(Belgium)\nBTC Prague Conference\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Markets Bounce Back After SEC Action Against Coinbase, Binance\nBitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discussed how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De broke down the latest developments as SEC seeks a temporary restraining order to freeze assets tied toBinance.USon Tuesday.\nCoinbase CEO Armstrong Says Not Shutting Down Staking Service:The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators.\nBNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble:Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.\nThe Petrodollar and Its Discontents Point to Bitcoin\'s Role in the Financial Future:Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a bitcoin-like currency do better?\nAave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet:The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.\nStablecoin Issuer Circle Receives Digital Token License in Singapore:The issuer of USDC received in-principle approval in November last year.', 'Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed the gains seen Wednesday amid the unfolding implications of the U.S. securities regulator this week suing two of the world\x92s biggest cryptocurrency exchanges, Binance and Coinbase. Cardano\x92s ADA token was the biggest loser, followed by Solana and Binance\x92s BNB. Broad slide Bitcoin slid 3.24% over the last 24 hours to US$26,300 at 7:00 a.m. in Hong Kong, reversing the gains seen on Wednesday. The world\x92s largest crypto by market capitalization has lost 3.21% over the past seven days, according to data from CoinMarketCap. Ether dropped 2.81% in the same period to US$1,831, and logged a 2.01% weekly loss. Cardano\x92s ADA was the biggest loser among the top 10, with an 8.88% decline, bringing its losses for the week to 14.06%. Solana saw the second largest daily loss, down 8.82%. The BNB token issued by the Binance crypto exchange slid 8.46% for a drop of 15.69% for the seven days. After the U.S. Securities and Exchange Commission (SEC) filed lawsuits against Binance and Coinbase earlier this week, Binance founder Changpeng Zhao was issued a summons by a U.S. court that was addressed to a Binance office in the Grand Caymans. It gave him 21 days to respond. Zhao tweeted Wednesday that this was \x93just part of the SEC compliant process\x94 and that he will not have to appear in court in person. A main element of the SEC complaint is a listing of cryptocurrencies it regards as unregulated securities. Binance.US, the trading platform Zhao set up to serve U.S. clients, said Thursday morning in Asia that it will remove 10 Bitcoin and BUSD trading pairs on Friday midnight Hong Kong time. The pairs set to be scrapped from the platform include ATOM/BTC and MANA/BTC. Binance.US has also suspended its over-the-counter trading portal, according to the statement. Coinbase chief executive officer Brian Armstrong said Wednesday at the Bloomberg Invest conference in New York that Coinbase will continue running its crypto staking service and that the SEC\x92s lawsuit filed on Tuesday against the company was \x93not unexpected.\x94 Story continues \x93We are not going to wind down our staking services. As these court cases play out, it\x92s really business as usual,\x94 Armstrong added. \x93We had many discussions within the last year when their [SEC\x92s] tone started to change. They started to come to us with more questions about the business, so we were very forthcoming.\x94 In another related development, the SEC was ordered on Tuesday by the U.S. Court of Appeals for the Third Circuit to respond to Coinbase\x92s pending petition for rule-making clarity within seven days. In April, Coinbase sued the SEC and requested the regulator publicly respond to the exchange\x92s July 2022 petition asking for clearer crypto regulation guidelines. \x93We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions,\x94 Paul Grewal, chief legal officer of Coinbase, tweeted on Wednesday. \x93That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.\x94 Good news? Alessio Quaglini, chief executive officer of Hong Kong-based digital asset custodian Hex Trust, said while the latest actions by the SEC may create short-term uncertainty and volatility, in the longer term, the market needs clarity on regulations. \x93It\x92s an opportunity for the crypto industry to grow leaner, stronger and more compliant. Prior to this week\x92s events, the SEC\x92s enforcement actions have been chaotic, but their stance this week is crystal clear.\x94 Regulatory pressure that\x92s been mounting in the US has been redirecting firms to other jurisdictions where the landscape is clearer, he said. \x93Positive progress has been made across Dubai, Hong Kong and Europe \x96 but there\x92s room for improvement,\x94 he said, adding that many of the industry\x92s problems of recent years could have been avoided with a clear framework to properly segregate clients\x92 assets and operate transparently and legally. Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, said the SEC\x92s move was not unexpected, but still came out of the blue and spooked many investors. As for the targeted exchanges: \x93It also stands to reason that the SEC would have a weaker case when it comes to Coinbase \x96 which was listed on the Nasdaq with the SEC\x92s approval, works with U.S. licensed businesses and even helps the U.S. government with liquidating any collected bitcoins,\x94 d\x92Anethan said. NFT sales fall The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 1.03% to 3,241.93 in the 24 hours to 9:45 a.m. in Hong Kong. NFT sales on Ethereum fell 7.89% over the last 24 hours to US$15.48 million, and sales on the Bitcoin network dropped 57.42% to US$3.93 million, according to CryptoSlam data . \x93Once you look past the wash trading, you\x92ll see Bored Ape Yacht Club has had one of its lowest days of sales of the year,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Thursday. \x93It fell out of CryptoSlam\x92s top 10 NFT collections by sales value, even with a new teaser video from Yuga Labs dropping today.\x94 Sales of DMarket , a Mythos blockchain-based collection of gaming NFTs, shrank 21.07% over the past 24 hours to US$1.08 million. The collection still recorded the most daily sales across the NFT market, however. Mutant Ape Yacht Club saw the second-largest sales of US$1 million, followed by Uncategorized Ordinals\x92 US$985,603 and $MXRC\x92s US$900,090, according to CryptoSlam data. \x93Following a drop yesterday, real traders are starting to get their hands on the latest BRC-20 on Bitcoin called $MXRC,\x94 Petscher said. In another development, video game retailer GameStop has \x93terminated\x92 its chief executive officer Matt Furlong, the company said Wednesday in a statement . GameStop did not name a replacement, but has elected Ryan Cohen, founder of e-commerce company Chewy, as executive chairman. Furlong, who joined GameStop in June 2021, spearheaded the company\x92s NFT marketplace rollout in July 2022. However, the company said in December that it would shift its focus back to video games and collectibles with less focus on NFTs. GameStop shares on Nasdaq closed 5.75% higher on Wednesday, but dropped 19.23% in after-hours trading. U.S. stock futures edge down Image: Getty Images U.S. stock futures traded marginally lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.05%, and S&P 500 futures dipped 0.01%. Nasdaq Futures fell 0.05%. Overnight in the U.S., the three major stock indexes were mixed. The Nasdaq Composite dropped 1.29%, and S&P 500 slid 0.38%. The Dow Jones Industrial Average climbed 0.27%. In macroeconomic developments, Canada\x92s central bank on Wednesday unexpectedly hiked its overnight rate to 4.75%, a 22-year high . The same day, the Paris-based Organisation for Economic Co-operation and Development (OECD) said the global economy is \x93showing signs of improvement but the upturn remains weak.\x94 The world economy is projected to grow 2.7% this year, compared to 3.3% GDP growth in 2022, according to OECD\x92s latest economic outlook . \x93Macro markets have retraced sharply after the Bank of Canada surprised investors by raising rates, pushing equity indexes in the U.S. lower,\x94 d\x92Anethan of Keyrock said. The U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool now predicts a 66.7% chance the Fed will leave rates unchanged in June, and a 33.3% chance for another 25-basis-point rate hike. (Updates with equity section.)', 'Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed thegainsseen Wednesday amid the unfolding implications of the U.S. securities regulator this week suing two of the world’s biggest cryptocurrency exchanges, Binance and Coinbase. Cardano’s ADA token was the biggest loser, followed by Solana and Binance’s BNB.\nBitcoin slid 3.24% over the last 24 hours to US$26,300 at 7:00 a.m. in Hong Kong, reversing the gains seen on Wednesday. The world’s largest crypto by market capitalization has lost 3.21% over the past seven days, according todatafrom CoinMarketCap.\nEther dropped 2.81% in the same period to US$1,831, and logged a 2.01% weekly loss.\nCardano’s ADA was the biggest loser among the top 10, with an 8.88% decline, bringing its losses for the week to 14.06%.\nSolana saw the second largest daily loss, down 8.82%. The BNB token issued by the Binance crypto exchange slid 8.46% for a drop of 15.69% for the seven days.\nAfter the U.S. Securities and Exchange Commission (SEC) filedlawsuitsagainst Binance and Coinbase earlier this week, Binance founder Changpeng Zhao was issued asummonsby a U.S. court that was addressed to a Binance office in the Grand Caymans. It gave him 21 days to respond.\nZhaotweetedWednesday that this was “just part of the SEC compliant process” and that he will not have to appear in court in person.\nA main element of the SEC complaint is a listing of cryptocurrencies it regards as unregulated securities. Binance.US, the trading platform Zhao set up to serve U.S. clients,saidThursday morning in Asia that it will remove 10 Bitcoin and BUSD trading pairs on Friday midnight Hong Kong time. The pairs set to be scrapped from the platform include ATOM/BTC and MANA/BTC.\nBinance.US has also suspended its over-the-counter trading portal, according to the statement.\nCoinbase chief executive officer Brian ArmstrongsaidWednesday at the Bloomberg Invest conference in New York that Coinbase will continue running itscrypto staking serviceand that the SEC’s lawsuitfiledon Tuesday against the company was “not unexpected.”\n“We are not going to wind down our staking services. As these court cases play out, it’s really business as usual,” Armstrong added. “We had many discussions within the last year when their [SEC’s] tone started to change. They started to come to us with more questions about the business, so we were very forthcoming.”\nIn another related development, the SEC wasorderedon Tuesday by the U.S. Court of Appeals for the Third Circuit torespondto Coinbase’s pending petition for rule-making clarity within seven days. In April, Coinbasesuedthe SEC and requested the regulator publicly respond to the exchange’s July 2022 petition asking for clearer crypto regulation guidelines.\n“We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions,” Paul Grewal, chief legal officer of Coinbase,tweetedon Wednesday. “That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.”\nAlessio Quaglini, chief executive officer of Hong Kong-based digital asset custodian Hex Trust, said while the latest actions by the SEC may create short-term uncertainty and volatility, in the longer term, the market needs clarity on regulations.\n“It’s an opportunity for the crypto industry to grow leaner, stronger and more compliant. Prior to this week’s events, the SEC’s enforcement actions have been chaotic, but their stance this week is crystal clear.”\nRegulatory pressure that’s been mounting in the US has been redirecting firms to other jurisdictions where the landscape is clearer, he said.\n“Positive progress has been made across Dubai, Hong Kong and Europe – but there’s room for improvement,” he said, adding that many of the industry’s problems of recent years could have been avoided with a clear framework to properly segregate clients’ assets and operate transparently and legally.\nJustin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, said the SEC’s move was not unexpected, but still came out of the blue and spooked many investors.\nAs for the targeted exchanges: “It also stands to reason that the SEC would have a weaker case when it comes to Coinbase – which was listed on the Nasdaq with the SEC’s approval, works with U.S. licensed businesses and even helps the U.S. government with liquidating any collected bitcoins,” d’Anethan said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 1.03% to 3,241.93 in the 24 hours to 9:45 a.m. in Hong Kong.\nNFT sales on Ethereum fell 7.89% over the last 24 hours to US$15.48 million, and sales on the Bitcoin network dropped 57.42% to US$3.93 million, according to CryptoSlamdata.\n“Once you look past the wash trading, you’ll see Bored Ape Yacht Club has had one of its lowest days of sales of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Thursday. “It fell out of CryptoSlam’s top 10 NFT collections by sales value, even with a newteaservideo from Yuga Labs dropping today.”\nSales ofDMarket, aMythosblockchain-based collection of gaming NFTs, shrank 21.07% over the past 24 hours to US$1.08 million. The collection still recorded the most daily sales across the NFT market, however.\nMutant Ape Yacht Club saw the second-largest sales of US$1 million, followed byUncategorized Ordinals’US$985,603 and$MXRC’sUS$900,090, according to CryptoSlam data.\n“Following a drop yesterday, real traders are starting to get their hands on the latest BRC-20 on Bitcoin called $MXRC,” Petscher said.\nIn another development, video game retailer GameStop has “terminated’ its chief executive officer Matt Furlong, the company said Wednesday in astatement. GameStop did not name a replacement, but has elected Ryan Cohen, founder of e-commerce company Chewy, as executive chairman.\nFurlong, who joined GameStop in June 2021, spearheaded the company’s NFTmarketplacerollout in July 2022. However, the companysaidin December that it would shift its focus back to video games and collectibles with less focus on NFTs.\nGameStop shares on Nasdaq closed 5.75% higher on Wednesday, but dropped 19.23% in after-hours trading.\nU.S. stock futures traded marginally lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.05%, and S&P 500 futures dipped 0.01%. Nasdaq Futures fell 0.05%.\nOvernight in the U.S., the three major stock indexes were mixed. The Nasdaq Composite dropped 1.29%, and S&P 500 slid 0.38%. The Dow Jones Industrial Average climbed 0.27%.\nIn macroeconomic developments, Canada’s central bank on Wednesday unexpectedlyhikedits overnight rate to 4.75%, a 22-yearhigh. The same day, the Paris-based Organisation for Economic Co-operation and Development (OECD)saidthe global economy is “showing signs of improvement but the upturn remains weak.”\nThe world economy is projected to grow 2.7% this year, compared to 3.3% GDP growth in 2022, according to OECD’s latest economicoutlook.\n“Macro markets have retraced sharply after the Bank of Canada surprised investors by raising rates, pushing equity indexes in the U.S. lower,” d’Anethan of Keyrock said.\nThe U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 66.7% chance the Fed will leave rates unchanged in June, and a 33.3% chance for another 25-basis-point rate hike.\n(Updates with equity section.)', 'Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed thegainsseen Wednesday amid the unfolding implications of the U.S. securities regulator this week suing two of the world’s biggest cryptocurrency exchanges, Binance and Coinbase. Cardano’s ADA token was the biggest loser, followed by Solana and Binance’s BNB.\nBitcoin slid 3.24% over the last 24 hours to US$26,300 at 7:00 a.m. in Hong Kong, reversing the gains seen on Wednesday. The world’s largest crypto by market capitalization has lost 3.21% over the past seven days, according todatafrom CoinMarketCap.\nEther dropped 2.81% in the same period to US$1,831, and logged a 2.01% weekly loss.\nCardano’s ADA was the biggest loser among the top 10, with an 8.88% decline, bringing its losses for the week to 14.06%.\nSolana saw the second largest daily loss, down 8.82%. The BNB token issued by the Binance crypto exchange slid 8.46% for a drop of 15.69% for the seven days.\nAfter the U.S. Securities and Exchange Commission (SEC) filedlawsuitsagainst Binance and Coinbase earlier this week, Binance founder Changpeng Zhao was issued asummonsby a U.S. court that was addressed to a Binance office in the Grand Caymans. It gave him 21 days to respond.\nZhaotweetedWednesday that this was “just part of the SEC compliant process” and that he will not have to appear in court in person.\nA main element of the SEC complaint is a listing of cryptocurrencies it regards as unregulated securities. Binance.US, the trading platform Zhao set up to serve U.S. clients,saidThursday morning in Asia that it will remove 10 Bitcoin and BUSD trading pairs on Friday midnight Hong Kong time. The pairs set to be scrapped from the platform include ATOM/BTC and MANA/BTC.\nBinance.US has also suspended its over-the-counter trading portal, according to the statement.\nCoinbase chief executive officer Brian ArmstrongsaidWednesday at the Bloomberg Invest conference in New York that Coinbase will continue running itscrypto staking serviceand that the SEC’s lawsuitfiledon Tuesday against the company was “not unexpected.”\n“We are not going to wind down our staking services. As these court cases play out, it’s really business as usual,” Armstrong added. “We had many discussions within the last year when their [SEC’s] tone started to change. They started to come to us with more questions about the business, so we were very forthcoming.”\nIn another related development, the SEC wasorderedon Tuesday by the U.S. Court of Appeals for the Third Circuit torespondto Coinbase’s pending petition for rule-making clarity within seven days. In April, Coinbasesuedthe SEC and requested the regulator publicly respond to the exchange’s July 2022 petition asking for clearer crypto regulation guidelines.\n“We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions,” Paul Grewal, chief legal officer of Coinbase,tweetedon Wednesday. “That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.”\nAlessio Quaglini, chief executive officer of Hong Kong-based digital asset custodian Hex Trust, said while the latest actions by the SEC may create short-term uncertainty and volatility, in the longer term, the market needs clarity on regulations.\n“It’s an opportunity for the crypto industry to grow leaner, stronger and more compliant. Prior to this week’s events, the SEC’s enforcement actions have been chaotic, but their stance this week is crystal clear.”\nRegulatory pressure that’s been mounting in the US has been redirecting firms to other jurisdictions where the landscape is clearer, he said.\n“Positive progress has been made across Dubai, Hong Kong and Europe – but there’s room for improvement,” he said, adding that many of the industry’s problems of recent years could have been avoided with a clear framework to properly segregate clients’ assets and operate transparently and legally.\nJustin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock, said the SEC’s move was not unexpected, but still came out of the blue and spooked many investors.\nAs for the targeted exchanges: “It also stands to reason that the SEC would have a weaker case when it comes to Coinbase – which was listed on the Nasdaq with the SEC’s approval, works with U.S. licensed businesses and even helps the U.S. government with liquidating any collected bitcoins,” d’Anethan said.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 1.03% to 3,241.93 in the 24 hours to 9:45 a.m. in Hong Kong.\nNFT sales on Ethereum fell 7.89% over the last 24 hours to US$15.48 million, and sales on the Bitcoin network dropped 57.42% to US$3.93 million, according to CryptoSlamdata.\n“Once you look past the wash trading, you’ll see Bored Ape Yacht Club has had one of its lowest days of sales of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Thursday. “It fell out of CryptoSlam’s top 10 NFT collections by sales value, even with a newteaservideo from Yuga Labs dropping today.”\nSales ofDMarket, aMythosblockchain-based collection of gaming NFTs, shrank 21.07% over the past 24 hours to US$1.08 million. The collection still recorded the most daily sales across the NFT market, however.\nMutant Ape Yacht Club saw the second-largest sales of US$1 million, followed byUncategorized Ordinals’US$985,603 and$MXRC’sUS$900,090, according to CryptoSlam data.\n“Following a drop yesterday, real traders are starting to get their hands on the latest BRC-20 on Bitcoin called $MXRC,” Petscher said.\nIn another development, video game retailer GameStop has “terminated’ its chief executive officer Matt Furlong, the company said Wednesday in astatement. GameStop did not name a replacement, but has elected Ryan Cohen, founder of e-commerce company Chewy, as executive chairman.\nFurlong, who joined GameStop in June 2021, spearheaded the company’s NFTmarketplacerollout in July 2022. However, the companysaidin December that it would shift its focus back to video games and collectibles with less focus on NFTs.\nGameStop shares on Nasdaq closed 5.75% higher on Wednesday, but dropped 19.23% in after-hours trading.\nU.S. stock futures traded marginally lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.05%, and S&P 500 futures dipped 0.01%. Nasdaq Futures fell 0.05%.\nOvernight in the U.S., the three major stock indexes were mixed. The Nasdaq Composite dropped 1.29%, and S&P 500 slid 0.38%. The Dow Jones Industrial Average climbed 0.27%.\nIn macroeconomic developments, Canada’s central bank on Wednesday unexpectedlyhikedits overnight rate to 4.75%, a 22-yearhigh. The same day, the Paris-based Organisation for Economic Co-operation and Development (OECD)saidthe global economy is “showing signs of improvement but the upturn remains weak.”\nThe world economy is projected to grow 2.7% this year, compared to 3.3% GDP growth in 2022, according to OECD’s latest economicoutlook.\n“Macro markets have retraced sharply after the Bank of Canada surprised investors by raising rates, pushing equity indexes in the U.S. lower,” d’Anethan of Keyrock said.\nThe U.S. Federal Reserve will meet on June 14 to make its next move on interest rates, which are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Tool nowpredictsa 66.7% chance the Fed will leave rates unchanged in June, and a 33.3% chance for another 25-basis-point rate hike.\n(Updates with equity section.)', 'Cathie Woods’ tech-focused investment firm ARK Invest expanded its holdings of Coinbase shares after the stock took a blow. The reason: A massive lawsuit filed by the Securities and Exchange Commission. Ark purchased 419,324 shares worth approximately $21.6 million at Tuesday\'s closing price of $51.61 through its three exchange-traded funds: ARK\'s Innovation ETF, Next Generation ETF, and Fintech Innovation ETF. In total, Ark now holds about 11,776,015 shares , making it the second largest owner of Coinbase shares after Vanguard Group. This is not be the first time that Wood has scooped up Coinbase shares amid its long-running feud with the SEC. In March, Wood’s funds bought nearly $18 million worth of Coinbase shares after it received a Wells Notice from the SEC, a precursor to the lawsuit filed on Tuesday. SEC Sues Coinbase Over Staking Services, Failing to Register Coinbase\'s struggles with the SEC have, in some ways, run parallel to Wood’s own interactions with the regulator. In March, Wood filed a third application with the SEC to launch a Bitcoin spot ETF after two previous attempts were rejected. To date, the SEC has approved four Bitcoin futures ETFs that offer shares to investors without involving direct ownership of Bitcoin itself, but none for the spot market. Coinbase’s stock took a beating on Tuesday after the SEC launched its lawsuit, accusing the company of operating an unregistered exchange and for offering unregistered securities. After the SEC’s action, Coinbase’s stock on Nasdaq fell by more than 21% to $45.98. At the time of writing, COIN’s shares are being traded at $53.38. SEC Approves Fourth Bitcoin Futures ETF—But This One Is Different Coinbase has accused the SEC of failing to issue guidance on how to operate without running afoul of its regulatory oversight. In April, Coinbase asked a federal court to force the SEC to issue clearer crypto guidance and previously sent the SEC its so-called " petition for rulemaking " last summer, but no response was provided. After the SEC sued Coinbase, a federal judge ordered the agency to respond to Coinbase\'s request within the next seven days. The SEC’s lawsuit follows one filed against Binance , t\u200b\u200bhe world’s largest cryptocurrency exchange, on allegations of violating securities laws that include failing to register as an exchange and engaging in unregistered crypto transactions. Binance is also accused of commingling customer funds. The company has denied the charges and accused the SEC of overreach.', 'Cathie Woods’ tech-focused investment firm ARK Invest expanded its holdings of Coinbase shares after the stock took a blow. The reason: A massivelawsuit filedby the Securities and Exchange Commission.\nArk purchased 419,324 shares worth approximately $21.6 million at Tuesday\'s closing price of $51.61 through its three exchange-traded funds: ARK\'s Innovation ETF, Next Generation ETF, and Fintech Innovation ETF. In total, Ark now holds about11,776,015 shares, making it the second largest owner of Coinbase shares after Vanguard Group.\nThis is not be the first time that Wood has scooped up Coinbase shares amid its long-running feud with the SEC. In March, Wood’s funds boughtnearly $18 millionworth of Coinbase shares after it received aWells Noticefrom the SEC, a precursor to the lawsuit filed on Tuesday.\nSEC Sues Coinbase Over Staking Services, Failing to Register\nCoinbase\'s struggles with the SEC have, in some ways, run parallel to Wood’s own interactions with the regulator.\nIn March, Wood filed a thirdap Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $514,297,866,062 - Hash Rate: 392218411.0764248 - Transaction Count: 407006.0 - Unique Addresses: 682296.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Polkadot, the blockchain created by legendary coder Gavin Wood after he split from Ethereum, is getting a new privacy feature. The tool uses zero-knowledge proofs and soulbound tokens (yes, the things dreamt up by Vitalik Buterin) to help limit the amount of information crypto users share when they transact on-chain. Meanwhile, a new interoperable NFT standard has launched on Cosmos . This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . In particular, a layer 1 Polkadot blockchain called Manta Network has teamed up with the team behind the rollup-based scaling tool Linea to build a “zero-knowledge soulbound tokens” (zkSBT) that will allow users to selectively reveal their digital identities when interacting with apps (essentially shielding their on-chain transaction activity). And the new Cosmos NFT standard – called ICS-721 in homage to Ethereum’s ERC 721 NFT standard – will unlock a type of non-fungible asset that can be traded across blockchains. The stories mentioned aren’t really connected (different tech, different chains, different use cases), except in the sense that they’re part of the same broader trend in crypto: the winter is for hunkering down and building. Despite being a cliche, this is worth bringing up now and again because it reveals the level of ingenuity and cooperation across crypto. There are other industries where information-sharing is the norm, and the “free and open source” movement has been going for decades, but it is in crypto that cross-pollination hit its stride. Vitalik Buterin blogged about the idea of soulbound tokens – a kind of blockchain-based curriculum vitae that follows a person throughout their life keeping record of their achievements, which cannot be traded or sold – in mid-2022, offering the idea to anyone to play around with. Perhaps because of the Extremely Metal moniker, SBTs gained a lot of attention and inspired others to write about how such an asset would revolutionize society. Story continues Obviously ideas are cheap (inspiration strikes when it wants, and no amount of money will summon it) – and it’s harder to build. That’s why seeing a real-life deployment of soulbound tokens is so interesting. Perhaps because of the amount of money still sloshing around, perhaps because of the type of people the industry attracts, there is tremendous amount of technological experimentation that happens in the crypto industry. Nowhere else is this more visible than in zero-knowledge (ZK) cryptography, which was essentially limited to a branch of academic research since the mid-80s when computer scientists Shafi Goldwasser, Charles Rackoff and Silvio Micali (yes, the Algorand guy) coined the term. Although the concept is simple enough – deploy a system that allows one party to prove to another that some statement is “true” without showing all his cards – crypto was really the first industry to put ZK-proofs into widespread commercial use. It’s now used to help scale Ethereum, protect wallets and now that new Polkadot-based tool. Sure, maybe the honor really belongs to the pioneering advocates for open-source code, who saw what could be built with software and the pressure to commodify it and championed for researchers to share their findings and publish code under permissive copyright licenses. These are figures like Linux’s Linus Torvalds and O’Reilly’s Tim O'Reilly – figures who helped build the internet we know today. And because so much of crypto is open source, the industry is also open to abuse. At the low-end level this essentially opens the door for spammers to fork projects endlessly to create meme coins. And at a scarier level, nation state actors including North Korea, which has turned abusing permissive blockchain tools into a major source of income. But whether you’re a Bitcoiner who thinks Ethereum is good if only because it’s essentially a free research project into tech that may find its way onto Bitcoin, or a FOSS zealot like Richard Stallman who wrote the “GNU Manifesto,” making the case that giving users control over their own computers is a moral imperative there’s likely more good than harm that comes from open source code. At a time when crypto is being hounded by regulators (at least in the U.S.), it’s worth highlighting some of the benefits of crypto. Just today, Ledger CEO Pascal Gauthier announced a roadmap to open-source more of the firm’s hardware wallet after pressure from the crypto community over its proprietary “Ledger Recover” software update. See also: StarkWare to Open Source Its Ethereum Scaling System Open-source increases transparency, and likely also spurs competition and cheaper prices. Tech companies need to drive innovation, if they want anyone to pay for a product that otherwise might be free. OpenAI the once non-profit dedicated to AI safety that’s now a glorified Microsoft plugin is a case in point: CEO Sam Altman has all but said the company has no moat against the proliferation of free and open AI alternatives (something Google execs actually did say). Not everyone will be convinced by the benefits of “open collaboration.” And I could personally see the case for keeping some technological secrets under lock and key – like how to enrich nuclear weapons – and basic intellectual property protections. But wouldn’t you want to live in a world where people shared more?... - Reddit Posts (Sample): [['u/BurlBukowski', 'Between Hope and Fear', 22, '2023-06-08 00:03', 'https://www.reddit.com/r/Hedera/comments/143qid7/between_hope_and_fear/', 'Well friends, I suppose we might see some serious shit. If ever there was a time to rally the troops, or as Sam Jackson might say “HODL onto your butts and HBARs”\n\nA friend told me about 10 years ago to buy some Bitcoin. I did not. I own a bunch of HBAR though and if we keep heading under .05 I am going to get more, because I could be wrong, but I think once the dust settles…(this is not financial advice)', 'https://www.reddit.com/r/Hedera/comments/143qid7/between_hope_and_fear/', '143qid7', [['u/Interesting-Worry756', 10, '2023-06-08 00:21', 'https://www.reddit.com/r/Hedera/comments/143qid7/between_hope_and_fear/jnbfwnh/', '>but I think once the dust settles…\n\n![gif](giphy\|b85mPT4Usz7fq)', '143qid7']]], ['u/Great-Ad2861', 'Jason and Jessica at it again. Calling me threatening me AGAIN. From a texting app.', 37, '2023-06-08 01:37', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/', 'Threatening to post videos of me doing this and that. Don’t talk about be about it. Post that shit bitch. You fuckn rat. Ride or die. Btch ride this BLEEP… edited for Reddit', 'https://i.redd.it/7af9mgwvlo4b1.jpg', '143stni', [['u/G_Ram3', 10, '2023-06-08 02:15', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbvvjz/', 'As much as I want to be 12 years old and prank them, I won’t. But some people just might. I just don’t want you to get any shit for all of us seeing that phone number!!', '143stni'], ['u/G_Ram3', 14, '2023-06-08 02:19', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbwb5d/', 'Okay, you’re probably right. Jess LOVES deleting shit. It’s another super power…deleting methed out mistakes.', '143stni'], ['u/LittleTT8219', 13, '2023-06-08 02:22', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbwtds/', 'They need to move the fuck on lol she says she’s being honest and there’s a small group of very loud people that are harassing her and all the bullshit she’s spewing why not leave the person alone who’s exposing all your secrets. That sure as fuck would be the last person I’d keep poking and prodding and pushing. But when on drugs and not mentally in a good place you might think threatening someone who’s not afraid is a good idea 💡💡', '143stni'], ['u/LittleTT8219', 10, '2023-06-08 02:32', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnby5z8/', 'Get off the drugs and they’d both be able to get off trying to defend themselves and threaten people that are exposing to people who supported her that she’s a complete fraudulent bitch lol', '143stni'], ['u/Great-Ad2861', 13, '2023-06-08 02:44', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnbzqn8/', 'I made a 2 hour long video with her today. It should be up tomorrow. Wait til you hear this shit', '143stni'], ['u/Thatcherrycupcake', 12, '2023-06-08 03:49', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnc8uq8/', 'Don’t Jess and Jason have nothing else to do but harass others?? Like they have nothing else going on their lives. Jason has a child (I think he has one, sorry if I get it wrong, and jessica has 2). Like, these adults have nothing else to do?? Nothing else to focus on? That’s how I know recovery isn’t even in the forefront of their minds. Gosh, I really feel for the kids. I know I said this before, but just imagine the environment they are living in. Their mother can’t stop harassing others on a daily basis. They are around a tweaker and have been around a child abuser. They are at the least, emotionally neglected. Like no way she and Jason can have energy to do this plus focus on their children and other things. You do not deserve any of this, Mindy. And same with Nicole.\n\nThey are digging themselves further into their holes. I would create a paper trail and document their threats. Keep every screenshot. I’m so sorry you are going through this', '143stni'], ['u/Great-Ad2861', 13, '2023-06-08 03:57', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jnc9xi2/', 'Honestly I would leave it alone if they would leave me alone. No I wouldn’t, if I saw her lying at anytime I would point it out bc she deserves that. This all started up again with Jason blowing up my phone accusing me of being behind Nicole’s videos. As if I have her make the videos. He then threatened everyone’s future and me with prison time. Since then it’s been back and forth back and forth. I will ALWAYS stand up for myself. No way will I just sit in silence. You are so right, they should have better things to do. But meth addicts get hyper fixated on something and just can’t stop. Unfortunately me and Reece are the somethings. Thank you you for this comment. Well said.', '143stni'], ['u/Great-Ad2861', 10, '2023-06-08 04:38', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncfhnm/', 'Wait til they hear my Youtube video tomorrow on Wildflower Tea’s channel. Shit will really hit the fan.', '143stni'], ['u/mooseinabottle', 11, '2023-06-08 05:12', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncjonx/', 'Domethtic violence. Sorry you’re dealing with this, Mindy, but I hope this subreddit helps you laugh at their desperation more than you’re stressed about getting fucked with. Obviously if she had any of this shit she’d have posted it anonymously in here already under her ‘Exsposed’ account with her overgrown manicure.\n\nI can only imagine what those sweet little girls must be thinking and feeling about their mother constantly sitting around plotting and scheming with mommy’s “friend” who sleeps (or rather doesn’t sleep) over every night. It must make them feel so uneasy and confused. I just hope things get better for them somehow before they get worse. 🫤', '143stni'], ['u/Great-Ad2861', 15, '2023-06-08 05:14', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncjzvp/', 'Y’all are like a little family to me! You have no idea how much you have helped me! \nDefinitely if she had any of these things that aren’t possible to have but let’s pretend they are…they would have been blasted long ago.', '143stni'], ['u/boogawoogaX', 11, '2023-06-08 05:27', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncljsw/', "She's getting more unstable by the day, sadly...", '143stni'], ['u/Great-Ad2861', 25, '2023-06-08 05:48', 'https://www.reddit.com/r/JKentSnark/comments/143stni/jason_and_jessica_at_it_again_calling_me/jncnvsi/', 'You can tell her lawyer does not do family law normally…bc if they did they would advise her to sit the fuck down and shut the fuck up. At this point Reece seems more stable than Jess, gun and all.🤣', '143stni']]], ['u/Express_Baker_1852', 'Bitcoin #1a', 40, '2023-06-08 01:41', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/', 'I pulled this in the one pack I bought just to see of I could get into this but im having a hard time determining what rarity I pulled, its marked 99/99 on the back', 'https://i.redd.it/35ovgycgmo4b1.jpg', '143sx3j', [['u/-Squidster-', 18, '2023-06-08 01:50', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/jnbseyi/', 'You pulled a very nice card, it’s the very last of a total of 99 Emerald 1A refractor printed!\n\nCongrats!\n\nI know it’s hard to tell with the Crypto Coin themed cards cause normally an Emerald Refractor would have a green border to it, but the 1A card are special and have an exception to this, being silver borders. And the other ones, such as BTC/ETH/LTC do the entire card the Gemstone’s color.\n\nExample below of a Ruby #1\n\nhttps://preview.redd.it/qlzmyniooo4b1.jpeg?width=3024&format=pjpg&auto=webp&v=enabled&s=e19d4654ef81d042f0d1743df74c0d5fa4735a8b', '143sx3j'], ['u/thatbromatt', 14, '2023-06-08 01:59', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/jnbtp9n/', "Holy smokes you are incredibly lucky! The 1a is considered a pretty rare base card in and of itself, so to get a gemstone refractor is pretty gnarly! Throw that bih in a protector asap if you haven't :D shes a beaut", '143sx3j'], ['u/forbiddendoughnut', 13, '2023-06-08 02:22', 'https://www.reddit.com/r/Currencytradingcards/comments/143sx3j/bitcoin_1a/jnbwtv7/', 'Man oh man is that ruby a beauty.', '143sx3j']]], ['u/Key-Rip8688', 'Is This Job a Scam?', 18, '2023-06-08 02:17', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/', 'I applied for a customer service representative job (remote job) on indeed. They messaged me over indeed and asked me to email them. There email looked like the company as it had a company name in it. The email sent was very long with a company logo thanking me for reaching out and explained a trial period was to occur before hiring that I would be payed for. The trial period is 1 week and if i do well I am hired. I emailed and said I am okay with that. She then sent me the employee agreement which I signed. \n\nFrom here is where i got suspicious. I looked up the company and everyrhing seemed legit. I ended up talking to her over an app called telegram and she told me to make a kraken account. I made one and then she made me watch alot of videos to watch about bitcoin, microsoft and so on. Someone then called me to confirm I watched all the videos before we proceed.\n\nToday they sent me $2700 over etransfer and they told me to use kraken to get a QR code then got to my bank, take out the money she sent me and then go to a canada post to deposit the money into my kraken account. I did so and then ended up converting the money to bitcoin and then depositing it into my wallet. She also sent me extra money for the gas. \n\nThe reason I needed bitcoin is because this is an IT company who uses bitcoin to buy and sell to partners and customers.\n\nI am so confused and this seems like a scam, but no money has been taken from me (in fact I have more money) and the only info they have is my email and phone number. PLEASE HELP!', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/', '143ts98', [['u/caponerd809', 14, '2023-06-08 02:38', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/jnbz140/', 'RED FLAGS\n\n1. trial period \n2. telegram\n3. being led to create another type of account\n4. they sent you money\n\nthe scam was that they basically used you to launder money, they had you create and acct, then had you make the financial transactions. Everything leads back to you and not them. Report this to your local police ASAP', '143ts98'], ['u/Poetic-Personality', 23, '2023-06-08 02:40', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/jnbzawy/', 'It’s a scam, 1000%. Moving forward - remote/wfh positions are unbelievably competitive. Almost impossible to even get interviewed for one, so if someone offers you one that easily…it’s a scam.', '143ts98'], ['u/Opening-Reaction-511', 18, '2023-06-08 03:00', 'https://www.reddit.com/r/remotework/comments/143ts98/is_this_job_a_scam/jnc1zuw/', 'NO ONE OFFERS JOBS WITHOUT A REAL INTERVIEW!!!! NO JOB SENDS CHECKS BEFORE YOU WORKED A DAY!!!!', '143ts98']]], ['u/AcanthisittaIll1777', '[5e, PF2e] Adventures in Escann — a Living World of Wrought and Wonder', 59, '2023-06-08 05:01', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/', "Hey guys so the Adventures in Escann campaign is looking for more players to celebrate our 2 year anniversary. There are multiple DMs on the server running sessions at different times and days so we have plenty of seats at the table. If you're interested read below and click the link!\n\nOur adventure takes place in a living world, a shared campaign setting with multiple DMs. Over time the world will change and develop in response to and in spite of the players actions. Sign up for sessions at times that fit your schedule, meeting new members of your party with each adventure. We're celebrating our 2-year anniversary and soft rebooting with a 25-year-timeskip. Everyone's making new 3rd level characters so now is the perfect time to join! Still in ruin from the Greentide invasion from the Serpentspine Mountains, then nearly overtaken by an skeleton horde and it's Undead Dragon. Escann has since been a land in recovery. Taranton, Escann’s most populous city and unrivaled multicultural hub, has almost found its footing in this reawakening frontier — but it will be the strength of this generation’s adventurers that decides whether the land will come into its own or fall back into chaos at the hands of insidious actors. Will Escann give up her mysteries? The ancient court capital of a once grand empire, long-thought sunk beneath the waves of lake Silvermere, has been found with its tallest spires stubbornly refusing to sink beneath the surface — and adventurers are needed to explore it. Will Escann survive her perils? Ambitious Orcish chiefs compete for power, and Escann’s fledgling settlements are under constant threat by roaming mindless undead. Only adventurers stand between prosperity and ruin. Explore the world of Halann created by writer Jay Bean. Enjoy a flexible schedule of sessions across different time zones, with Dungeon Masters in the Americas, Europe, and Oceania. Leave your permanent impact on this living, breathing world. Fill out this application to join: [https://forms.gle/YhbTcc6BjaQUq8ta9](https://forms.gle/YhbTcc6BjaQUq8ta9)\n\n[The City of Taranton \\(Starting Location of 5e Players, Home to the Escanni Adventurers Guild & More!\\)](https://preview.redd.it/9m423acbms4b1.jpg?width=1028&format=pjpg&auto=webp&v=enabled&s=4594be6ff2fd36e9e05bd8a6fc621e631402e982)", 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/', '143xf3z', [['u/AcanthisittaIll1777', 13, '2023-06-08 14:05', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jndtx9d/', "Hello, thank you for your question,\n\nIn our DnD/Pathfinder server, we have a rule against positive depiction and engagement with slavery by players. This rule is in place to create a safe and inclusive environment. Slavery is a sensitive and troubling topic, and we want to prevent its trivialization or glorification. While slavery might exist in the game's lore, players' characters should not actively participate or profit from it. Although we will run sessions dealing with slavery and it does still exist in the setting.", '143xf3z'], ['u/AcanthisittaIll1777', 10, '2023-06-08 14:14', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jndv05i/', "To clarify, this is not the case. While our server does have a rule against players actively participating in or profiting from slavery, it doesn't mean that slavery can't be part of the narrative or that it can't be used as a plot element. Players can encounter slavery-related situations and confront the issue as a challenge to be opposed. It's about ensuring a respectful and inclusive environment for all players. We believe that there are many other avenues to explore morally gray stories without directly engaging in the ownership or exploitation of slaves.\n\nHave a good day!", '143xf3z'], ['u/AcanthisittaIll1777', 10, '2023-06-08 14:37', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jndxmgi/', 'HP is like stamina/vitality, youre ability to keep on fighting. And healing magic simply restores that. Spells like revivify still function as intended except that instead of bringing you back from recent death, it merely brings you back from the brink of it in the thematic sense.\n\nRegarding Corin, yes, her worship is still very localized in Escann. The Coronite faction is around, however, and has been present in at least 1 of our sessions, I believe.', '143xf3z'], ['u/Nopani', 12, '2023-06-08 16:41', 'https://www.reddit.com/r/Anbennar/comments/143xf3z/5e_pf2e_adventures_in_escann_a_living_world_of/jneer4s/', '> In our DnD/Pathfinder server, we have a rule against positive depiction and engagement with slavery by players. This rule is in place to create a safe and inclusive environment. \n\nHonestly based. \n\nYou let your guard down, you end up like this subreddit where [genocide jokes](https://www.reddit.com/r/Anbennar/comments/13yn7kc/most_genocidialracist_nonhuman_nation/jmnt0nz/) and [racist rp](https://www.reddit.com/r/Anbennar/comments/12dob31/daily_reminder_for_all_ungrateful_elf_haters/) runs rampant, be harsh on the "it\'d make an interesting story" crowd and [always remember the nazi bar story](https://www.reddit.com/r/paradoxplaza/comments/sjwz0h/the_nazi_bar_problem_and_paradox_games/).', '143xf3z']]], ['u/Great-Ad2861', 'From Mindy…Karma is a btch.', 43, '2023-06-08 05:44', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/', 'Wow.', 'https://i.redd.it/nxb7ffn1up4b1.jpg', '143yb9c', [['u/Beneficial_Daikon_86', 15, '2023-06-08 05:59', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jncp40i/', 'Whoopsie looks like all those rocks she threw finally broke the glass house she as was living in.', '143yb9c'], ['u/JKentSnarkMOD', 11, '2023-06-08 06:00', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jncp8bu/', '![gif](giphy\|ZB95y3XSFbljaNu7mT)\n\n😳', '143yb9c'], ['u/ComprehensivePass953', 12, '2023-06-08 07:00', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jncv8gu/', 'So what is jk trying to do by sending this….. is she letting us know she snitched on Jen ? \nIs that how she got caught ? I’m lost', '143yb9c'], ['u/WillOB3YM3', 16, '2023-06-08 07:52', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnczsfu/', 'I’m lost mindy, what did JC do to you? Not tryna call out anything, just curious because I’ve actually wondered what happened to JC and what y’all’s beef was', '143yb9c'], ['u/Great-Ad2861', 16, '2023-06-08 07:58', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd08it/', 'Omg talks cash money shit on me to everyone. Including on her Facebook group page. 3 faced. Horrible person whom I also thought was my friend.', '143yb9c'], ['u/WillOB3YM3', 20, '2023-06-08 08:03', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd0mnv/', 'So confusing because the timeline I understand is this-\n\n1)y’all made a video together on her YouTube page \n\n2) i remember when JK went into the Reddit group late at night and showed text threads of JC + you talking trash on JK (rightfully so) \n\n3) JC disappears because she was caught playing the acting gig of a caring friend in recovery yelling at everyone on YouTube for being mean to JK while also talking shit about JK to you on the side 😅', '143yb9c'], ['u/Great-Ad2861', 17, '2023-06-08 08:06', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd0wyf/', 'Yah she was my friend supposedly and on my side then immediately got off the phone with me and Cashapped JK 1 dollar (bc she was blocked) and said hey can we talk and proceeded to side with JK and trash me.', '143yb9c'], ['u/WillOB3YM3', 12, '2023-06-08 08:08', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd143o/', 'LOL WTF MAN!! If anything, this entire situation just shows how far accountability and honesty can take a person (ie you.) But everyone wanted to call you out for being a Scorpio as if that means you’re a snake. Mmmmmkkkkkayyyyyyyyy I cannot.', '143yb9c'], ['u/Great-Ad2861', 13, '2023-06-08 08:10', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd18sy/', 'I’m dead ♏️🤣 \nAlthough when Scorpios get hurt, they flip around and sting you with that tail. That’s exactly what has happened here.', '143yb9c'], ['u/Great-Ad2861', 17, '2023-06-08 08:37', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd3e7d/', 'That’s crazy! I don’t fuck with her at all anymore she is a snake just like JK.', '143yb9c'], ['u/devilishtenshi', 15, '2023-06-08 08:43', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnd3ud0/', 'What happens with welfare fraud? Is it a fine & paying it all back? Prison? Probation?\n\nEdit: Holy crap just looked it up \n“As a class D felony, if you are convicted of welfare fraud in the third degree your sentence may include a prison term of up to 7 years, a probation term of 5 years, and a fine. You will also be required to pay restitution in the amount of what you received fraudulently.”\n\nHer poor daughter', '143yb9c'], ['u/milan_2_minsk', 18, '2023-06-08 13:31', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jndqc1b/', '7 years for a non-violent felony? On state charges? No way. But she works for the county last I heard so she will definitely lose her job and burn that bridge, even if she’s not convicted. Man this will suck for her daughter.\n\nI know she was collecting food for people, and had Amazon wishlists, I wonder if she was getting food stamps and they nailed her for having the collected food?', '143yb9c'], ['u/Criminology_0-0_', 14, '2023-06-08 14:27', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jndwgry/', 'This breaks my heart for her daughter 😢', '143yb9c'], ['u/Hot_Plane3953', 15, '2023-06-08 16:02', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jne8wj4/', "So I'm not one to poke at someone's appearance but I've noticed Jen looking more and more rough with each video she's made over the past year. She used to take pride in her appearance and do her hair and makeup.... then she stopped and her face had that sunk in look again. I've wondered if she was using again!!!", '143yb9c'], ['u/milan_2_minsk', 16, '2023-06-08 16:05', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jne9esv/', 'Could be. Ive send her stuff before. But I mean it’s food, not Gucci bags or Diamonds. I kind of don’t care if she ate it. Not looking to see someone go hungry.', '143yb9c'], ['u/Hot_Plane3953', 16, '2023-06-08 16:34', 'https://www.reddit.com/r/JKentSnark/comments/143yb9c/from_mindykarma_is_a_btch/jnedng2/', 'Someone said on her YouTube comments, "recover loudly and relapse quietly" 😬😬', '143yb9c']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 08, 2023', 26, '2023-06-08 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/', '143ymox', [['u/Outrageous-Net-7164', 26, '2023-06-08 13:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jndp528/', 'Remember when the talk in here was whether a\nspot ETF was going to be approved. \n\nHow things change', '143ymox'], ['u/Set1Less', 19, '2023-06-08 14:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jndwimu/', 'This sub screenshots are now part of evidence in a federal lawsuit lol\n\nhttps://www.courtlistener.com/docket/67474542/12/15/securities-and-exchange-commission-v-binance-holdings-limited/', '143ymox'], ['u/Westbrook_Level', 10, '2023-06-08 15:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jne1q7a/', 'Imagine the SEC approving an ETF around late 2025 in the bull run when their overlords\' bags are full and they need plebs to dump on. Crazier things have happened. They will say they have "cleaned up crypto" and it is safe enough to launch an ETF now.', '143ymox'], ['u/dopeboyrico', 24, '2023-06-08 15:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jne56l1/', '[Average cost to mine BTC](https://en.macromicro.me/charts/29435/bitcoin-production-total-cost) continues to reach new ATH as [global hashrate](https://www.coinwarz.com/mining/bitcoin/hashrate-chart) continues to grow to new ATH.\n\nHalf as many BTC will be mined each year beginning next year. Either hashrate is going to drop significantly or price is going to rise significantly to keep input costs viable for miners after the halving. Historically it’s always been the latter and never the former.', '143ymox'], ['u/ReflectionFamiliar68', 20, '2023-06-08 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jne9j0t/', 'I\'m not sure why we have to keep saying this over and over but\n\nCosts to mine btc follows price, not the other way around. Difficulty adjustment either forces miners to shut down when blocks come too fast (due to higher difficulty) or entices them to join when blocks are too slow (lower difficulty). "Price rise significantly to keep input costs viable for miners" is just not a thing that happens, that is getting cause and effect backward. No one buys bitcoin just to keep miners in business.\n\nMiners do have fixed costs though, so that incentivizes them to mine at a (small) loss, if they believe it\'s temporary. Let\'s say btc market price is at $25k and it costs them $30k right now to mine 1btc, and $10k is fixed costs (staff, rent etc), and $20k is energy. They can either take the 1btc for $30k or they can turn off the miner and spend the $20k buying btc on the open market. However they can only buy 0.8 btc. They are better off mining. So this is a smoothing factor on hash rate - miners will push hash rate higher than break-even if they think price is going up. But it doesn\'t CAUSE the price to go up.\n\nNote - Hash rate and cost to mine are not equal - cost per hash varies due to local energy prices and efficiency of hardware used.', '143ymox'], ['u/xtal_00', 10, '2023-06-08 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jnf0zne/', 'It’s a myth there is a shortage of cheap electricity.\n\nThere is a shortage of cheap electricity next to demand.\n\nBitcoin fixes this.', '143ymox'], ['u/NLNico', 17, '2023-06-08 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jnfol5d/', 'Just in: [Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Source](https://www.coindesk.com/business/2023/06/08/crypto-custody-firm-bitgo-reaches-preliminary-agreement-to-buy-prime-trust-source/)', '143ymox'], ['u/amendment64', 11, '2023-06-08 23:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/143ymox/daily_discussion_thursday_june_08_2023/jng8vv2/', 'Hey is this sub going blackout to protest the shutting down third party apps? Where is the next best place to go for crypto news/forums? I despise reddit and would love to bail here for greener pastures elsewhere', '143ymox']]], ['u/cryptosubs', 'Holy fuck it has to be hard for a newcomer to by VET.', 13, '2023-06-08 06:40', 'https://www.reddit.com/r/Vechain/comments/143zfoo/holy_fuck_it_has_to_be_hard_for_a_newcomer_to_by/', 'I switched banks and even then it’s hard to set up another method to buy BTC. I can’t imagine how hard it would be for someone to jump through the hoops for VET.', 'https://www.reddit.com/r/Vechain/comments/143zfoo/holy_fuck_it_has_to_be_hard_for_a_newcomer_to_by/', '143zfoo', [['u/william360120', 10, '2023-06-08 13:33', 'https://www.reddit.com/r/Vechain/comments/143zfoo/holy_fuck_it_has_to_be_hard_for_a_newcomer_to_by/jndqk2y/', 'It can people are over exaggerating. The US still can buy VET on Crypto.com, Binance US and KuCoin', '143zfoo']]], ['u/rBitcoinMod', 'Daily Discussion, June 08, 2023', 52, '2023-06-08 08:03', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/143506v/daily_discussion_june_07_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/', '1440zia', [['u/Crafty_Supermarket15', 14, '2023-06-08 09:53', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jnd91v5/', 'Just a gut feeling, but I’d be moving my corn off exchanges if I was any of you folks in the peanut gallery who leave it on binance and coinbase. Risk of closing up shop is higher than normal right now and you might be left without access to your bag. \n\nFood for thought.', '1440zia'], ['u/Romsel87', 10, '2023-06-08 10:11', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jndadb0/', "Yes, now is an okay time to buy more Bitcoin. It's a bearmarket, what else could you be waiting for? DCA and chill. My average is 28K after three years accumulating. So you'll do better than me at current prices.", '1440zia'], ['u/Llonga', 10, '2023-06-08 11:13', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jndethj/', 'The halving isn’t until April next year, and then usually takes another 9 months for a big leg up. Right now we’re crabbing. Stack accordingly.', '1440zia'], ['u/Alfador8', 13, '2023-06-08 14:39', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jndxt0w/', "The price of bitcoin has nothing to do with the SEC vs shitcoin casino war going on right now. In fact, the scams Coinbase and Binance peddle are actively harmful to the public's perception of Bitcoin, and thus the mass adoption you're promoting above.\n\nI'm not pro-SEC but I am anti-scam and anti-fraud, so I don't particularly mind the idea of shitcoin projects being exposed as centralized by having their nodes forcibly unplugged at AWS or having their foundations shut down. And Coinbase and Binance can go fuck themselves for actively pushing scams for their own profits.", '1440zia'], ['u/spid3rfly', 12, '2023-06-08 15:06', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jne16do/', '1 bitcoin = 1 bitcoin', '1440zia'], ['u/avance70', 10, '2023-06-08 15:18', 'https://www.reddit.com/r/Bitcoin/comments/1440zia/daily_discussion_june_08_2023/jne2qsw/', 'hmm, at halving: $45K\n\n6 months after: $90K\n\n12 months after: $130K', '1440zia']]], ['u/ggfien', 'Just mined 1,000,000 SATs with my two S9’s. Should I…', 26, '2023-06-08 09:25', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/', 'Should I solo mine or just keep stacking? I’m a college student and I live in a rent house with two other guys and our utilities are covered by the landlord.\n\nSo far, in the 8 months I’ve been here, I’ve mined 1,000,000 free SATs.\n\nI got like 2 months left on my lease and then the landlord is renting out to a family so I can’t renew.\n\nShould I just solo mine for fun before I sell off the 2 miners for more Bitcoin? 😅\n\nOr, take the extra 250,000 SATs I’m gonna get and keep stacking.\n\n(Btw, I’m the guy who posted the “Why Bitcoin mining is good for the environment paper” lol)', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/', '1442e7l', [['u/ggfien', 11, '2023-06-08 09:55', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jnd97tl/', 'I think I’ll treat myself and buy some more SATs ☺️', '1442e7l'], ['u/nosimsol', 30, '2023-06-08 11:06', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jnde9t6/', 'This reads like a gpt response', '1442e7l'], ['u/RDMvb6', 14, '2023-06-08 14:10', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jndugyo/', 'So you’re saying there’s a chance!\n/s', '1442e7l'], ['u/3rdPlaceTrophy', 12, '2023-06-08 16:05', 'https://www.reddit.com/r/Bitcoin/comments/1442e7l/just_mined_1000000_sats_with_my_two_s9s_should_i/jne9drf/', "Stack sats. Chances are you'll get nothing in the last two months if you solo mine.", '1442e7l']]], ['u/Iron_Monkey', 'Taiko x Loopring [L2 x L3] explained (and why we are still WAGMI)', 346, '2023-06-08 10:20', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/', "A semi-simplified explanation of the [recent news](https://medium.loopring.io/loopring-taiko-ready-layer-3-d9657327f908):\n\n[Taiko](https://taiko.xyz/) is a [type-1](https://vitalik.ca/general/2022/08/04/zkevm.html) (equivalent/fully compatible with Layer 1 Ethereum) zero-knowledge Ethereum Virtual Machine (zkEVM) using [zkRollups](https://ethereum.org/en/developers/docs/scaling/zk-rollups/) to scale L1 with trustless verification on Layer 2.\n\n[Loopring](https://loopring.io/#/) was the first true L2 and also uses zkRollups, but requires a decentralised Application (dApp) to be specifically built for its protocol. Meanwhile, Taiko zkEVM can be integrated to work with any dApp already existing on L1 just by changing a URL in one line of code \\- unlocking 1/100th+ cheaper gas fees, instant transactions, and inherited Ethereum L1 security by bundling via zkRollups.\n\nUpon release, a switch to zkEVMs should be unanimous for current Ethereum dApps, as having various L2 solutions is a key aspect for scaling in the [grand-scale Ethereum roadmap](https://ethereum.org/en/roadmap/scaling/).\n\nLeading dApps that don't switch risk losing users/creators to the competition that will because increased L1 usage will only continue to worsen the current $5+ fees, and 10-20 minutes wait for final settlement. With zkRollups, you don't even have to risk fund custody problems that come with sidechains trying to solve this scalability issue... so why wouldn't you?\n\nTaiko is a [general-use](https://youtu.be/3AWYS04vwRc?t=1293) neutral entity separated from Loopring and GameStop branding (despite [Daniel Wang](https://cn.linkedin.com/in/dong77) and [Matt Finestone](https://ca.linkedin.com/in/matthew-finestone-7bb8ba51?trk=public_profile_browsemap) being Co-Founders). Type-1 zkEVMs are the hardest to develop, but also the most simple for converting L1 dApps. The success potential from having first-move advantage on something of this magnitude should directly benefit the integrated and highly optimised Loopring protocol, which acts as an extra amplifier running on top of Taiko L2 as L3:\n\n* Taiko (L2/zkEVM) retrieves the current state of Ethereum (L1) instantly due to being equivalent (type-1) and uses zkRollups to validate and bundle transactions made within the 'trustless middleman' Taiko service, in advance to them actually being fully settled later on the 'main' Ethereum L1 blockchain.\n * Before this happens, dApps built on the 'trustless middleman' Loopring (L3) protocol can independently use zkRollups to validate bundling thousands+ of concurrent transactions from the Loopring protocol into one block, and then pass it onto Taiko (L2) to validate and bundle it as a '*single transaction' alongside other concurrent Taiko transactions* into one block (intended for final settlement on Ethereum L1).\n * Alternatively, dApps running on Taiko L2 but not further optimised on Loopring L3 would cause single transactions to consume way more space within each Taiko block.\n * Rollups unclog the Ethereum network, making it cheaper and faster as everyone switches to L2 for commercial use; imagine if the only form of transport went from cars to buses, but with L3, a skyscraper bullet train transfer service happens prior to the bus - which compresses all of the arriving passengers into a single bus seat, and the bus is actually another skyscraper bullet train.\n * Increased Loopring protocol usage by dApps -> APR returns for staked LRC go up / more transactions to bundle = cheaper + faster protocol -> more user incentive to stay within the Loopring protocol (internally existing DEX + dApps + L3 compatibility with prominent general Taiko zkEVM) -> performance gained from increased adoption attracts more users -> returns for staked LRC go up / more transactions to bundle \\[...\\] and so on\n * The LRC token grants DAO privileges, and will provide higher APR on LRC staking when we see start seeing Loopring dApps with high frequent volume. Paired with the cost of operating an exchange on the protocol being 250k+ LRC (and any future utility implementation), we should expect a rise in the token's value likely after zkRollups benefits are realised across Ethereum via zkEVMs like Taiko (Q1 2024) - when new Loopring L3 dApps inevitably follow.\n\nThis feedback loop of the more adoption, the better the service, is like an inverse death spiral. Eventually the transaction fees are essentially free, with instant settlement, and no security compromise (apart from the centralised relayers for Loopring L3, which I'd imagine will become more distributed to prevent targeted DDoS attacks - and regardless, would only prevent further transactions from being made via L3 because only trustless verification happens off-chain and settlement is always on Ethereum L1).\n\nCompression of transactions from dApps moving to L2/L3 creates a mutually beneficial relationship with L1 due to a decreased amount of settlement requests in the queue for L1 verification - reducing load on the max 30 transaction/sec limit - making it even cheaper for L2 + L3 to settle on L1.\n\nOther L2/L3s like ['Immutable X' and 'Polygon' NFT gaming zkEVMs](https://www.immutable.com/blog/immutable-and-polygon) will also enjoy better performance = more appeal for potential new users and creators, while holding a monopoly on NFT gaming market share % with this partnership.\n\nWhere will items from these games likely be traded?\n\nThe existing GameStop (*x Loopring & Immutable X*) NFT Marketplace!\n\n...further improving the Loopring protocol - you get it?\n\nThe increased number of users as a result of this upgraded system also attracts more validators, creating a more populated and decentralised L1 more resilient to potential attacks: reducing impact that hypothetical L2/L3 downtime would have on access to the underlying system - and rather only the cheaper fees + speed they provide.\n\n[The entire Ethereum ecosystem benefits as one from these advancements; efficient bridges everywhere](https://preview.redd.it/8b17t6blju4b1.png?width=1273&format=png&auto=webp&v=enabled&s=5e3f0c8e96ad68fdb3f21f30e3bb754f58e1b6b1)\n\nEndless hype from Byron (late 2021) did lead to some holders expecting immediate results with some sort of nuclear triple AAA partnership announcement - but the proof is in the pudding. The functionality we now have within the Loopring protocol: non-custodial counterfactual wallet(s), GameStop Marketplace, NFT minting, staking, on/off-ramp, dual investment, DEX with CEX liquidity (!!!) etc. is looking like a Michelin 3-star banana pudding.\n\nTaiko zkEVM mainnet release + [proto-danksharding](https://ethereum.org/en/roadmap/danksharding/) on L1 within the next \\~6 months is going to make Ethereum a very efficient backend for a variety of systems, with Loopring primed to become the most optimised transaction service for the 2nd biggest blockchain.\n\nThe moon spiral catalyst moment that comes with true mass adoption is soon.\n\nBanks: Entrust strangers to hold your fiat in a black-box system, who force you to wait several days to complete transfers etc. (+ any bank holidays/weekend delays), and use Visa/MasterCard for purchases which incurs another 1.5%+ in fees for merchants.\n\nLoopring: Personally hold stablecoins/ETH/wBTC in your non-custodial wallet in a trustless white-box service, 24/7 ability to send assets instantly and for free to anyone else using Ethereum (or small fee to quickly exchange to nearly any other blockchain), still partake in TradFi [via non-custodial cryptocards w/ vIBAN](https://www.reddit.com/r/loopringorg/comments/11w5zq5/goodbye_eidoocard_welcome_holyheld/) \\- and your wallet is a passport/inventory for interacting with the growing Web3 space.\n\n🤔\n\n[💜🏴\u200d☠️💙](https://preview.redd.it/uait7qgehu4b1.png?width=1400&format=png&auto=webp&v=enabled&s=d0cc95fb16c5cd33784626a8a48544be9b8188fa)", 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/', '1443aop', [['u/Alskiessss', 25, '2023-06-08 10:45', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jndcr7g/', 'I still so pumped for Taiko x Loopring!', '1443aop'], ['u/SlowFrack', 22, '2023-06-08 11:14', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jndeutv/', 'Thanks for this!', '1443aop'], ['u/LWKD', 28, '2023-06-08 13:09', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jndo6wf/', 'This sums it all up. \n\nWe probably will see fees of 0.003 to 0.0003 LRC per transaction. How awesome would that be? We will be competition to all newer L1s, but with the security of Ethereum. Which is the best after BTC.', '1443aop'], ['u/Iron_Monkey', 10, '2023-06-08 17:00', 'https://www.reddit.com/r/loopringorg/comments/1443aop/taiko_x_loopring_l2_x_l3_explained_and_why_we_are/jnehpm3/', "A majority of it is based on what I have read from various blockchain whitepapers, and looking into new/archived company journal articles/old video presentations, official social media etc. nearly daily over 20+ months trying to understand the bigger picture of how Ethereum functions, and mainly how Layer 2 + 3 and zkEVMs fit into scaling it for sustainable and impressive commercial use capabilities.\n\nA few parts are also partially my foreshadowing of what I think will likely happen with mass adoption once the waves of various zkEVMs begin. I could obviously be wrong and another zkEVM project pops of nowhere with an L4, snubbing the spotlight from Taiko and slightly derailing this while still benefiting Ethereum as a whole, but I don't see it happening.\n\nIf there is anything you need me to source additionally specifically in terms of how I've explained something works, let me know because I'm definitely not 100% fluent in the vast world of Ethereum/blockchain yet, but I do feel like I have a pretty good understanding.", '1443aop']]], ['u/Background_Time3542', 'I was looking for a kettle and saw this lol', 1836, '2023-06-08 12:31', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/', 'Should i buy it?\nI could boil water and simultaneously do some Bitcoin mining 😂 Only for 120 €', 'https://i.redd.it/j9gc2mllur4b1.jpg', '1445jvr', [['u/TehNolz', 191, '2023-06-08 12:42', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jndlr9r/', "That's just the heating element. It mines bitcoin and uses the heat to boil the water.", '1445jvr'], ['u/vPewPew', 40, '2023-06-08 13:49', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnds6yo/', 'Must be german engineering.', '1445jvr'], ['u/HOVER_HATER', 11, '2023-06-08 14:01', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jndtj62/', 'Probably uses a gpu chip to heat up the water', '1445jvr'], ['u/cabyll_ushtey', 33, '2023-06-08 14:14', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnduxzc/', 'That explains why SMEG products are so stupidly expensive!', '1445jvr'], ['u/Wrasal', 11, '2023-06-08 14:37', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jndxns7/', 'Did you really need to explain that…', '1445jvr'], ['u/Redituser117', 12, '2023-06-08 15:24', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jne3koc/', 'So you are telling me that thing can run crysis?', '1445jvr'], ['u/FedeTH1', 18, '2023-06-08 15:33', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jne4qdj/', 'Gaming Kettle', '1445jvr'], ['u/Dry-Sympathy-3737', 42, '2023-06-08 16:22', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnebwt3/', "Then why isn't it 4090? It heats the fastest 🤣", '1445jvr'], ['u/kaihatsusha', 14, '2023-06-08 16:45', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jneferq/', "As a Red Dwarf fan, I think it's perfect.", '1445jvr'], ['u/ShiverSlut', 17, '2023-06-08 17:08', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jneiy7f/', 'The 4090 was probably not realeased yet. Sadly we are going to get our tea made a second or 2 slower', '1445jvr'], ['u/OneDiscombobulated77', 15, '2023-06-08 17:30', 'https://www.reddit.com/r/computers/comments/1445jvr/i_was_looking_for_a_kettle_and_saw_this_lol/jnemaz4/', 'According to an old man who can firebend. Best tea is made with time', '1445jvr']]], ['u/Knotley-Hunt-Brick', 'Who are in jail and who are not , fun 2023 crypto update !', 139, '2023-06-08 15:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/', "\n\nThe most crooked, reckless, stupid people who caused the downfall of many many people involving crypto aren't in jail but the ones who actually tried to make a difference or tried to provide an easy access got jailed or being sued at this moment. \n\nRegulators always talk about how compliance matters , how regulations are going to protect investors but in reality , playing nice won't benefit you unless you are fit into their agenda. \n\n- Sam Bankman Fried is still NOT IN JAIL even after 8 MONTHS of FTX collapse. \n\n- Do kwon still isn't in JAIL even after 14 Months of LUNA collapse. \n\n- Alex Machinsky still isn't in Jail . \n\n- But Tornado founder Alex Pertsev was jailed for 9 Months without even the actual trial begins and now he is waiting for the trial process to begins while the absolute scam like SBF sitting at home, playing low tier LEAGUE OF LEGENDS matchup. \n\n- And now Coinbase and Binance are being sued the hell out even with their attempts to make sense of what regulatory framework and how they could be compliance with them. \n\nCrypto doesn't have any agenda, it does what it say it does in whitepaper and you can't just flip that with your suing, jailing and intimidation tactics. \n\nI'll have a good laugh whenever some officials say compliance and regulations matters again and dip more into buying bitcoin. \n\nCheers !", 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/', '1449ois', [['u/Florian995', 60, '2023-06-08 15:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/jne6zke/', 'What can we learn? If the scam is big enough and you stole enough money you will probably be able to pay your way out of jail', '1449ois'], ['u/mesutdmn', 19, '2023-06-08 16:04', 'https://www.reddit.com/r/CryptoCurrency/comments/1449ois/who_are_in_jail_and_who_are_not_fun_2023_crypto/jne961d/', 'Unfortunately, money still talks louder than laws.', '1449ois']]], ['u/Alt420blazer69', 'What happens if the big cex’s (Coinbase etc.) close down / move from the US?', 96, '2023-06-08 16:11', 'https://www.reddit.com/r/CryptoCurrency/comments/144adab/what_happens_if_the_big_cexs_coinbase_etc_close/', 'I am from the US and have some Eth and BTC on exchange right now and I’m wondering what would happen if these cex’s move to Europe? Would that mean that I couldn’t cash out via exchanges anymore or would them moving just mean no more purchasing / trading via them? Just genuinely curious as I don’t want to sell any of my crypto for at least another year or two, so I’m wondering what the impact would be on US hol... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin holds firm at $26.5K as investors remain largely unstirred by SEC lawsuits and look toward the Federal Reserve\'s monetary policy decision next week.\nInsights:The Fed may halt its hawkishness at its next FOMC meeting, but not after, said Valkyrie Chief Investment Officer Steven McClurg.\nCoinDesk Market Index (CMI)\n1,149\n+2.0▲0.2%\nBitcoin (BTC)\n$26,469\n+89.8▲0.3%\nEthereum (ETH)\n$1,845\n+9.7▲0.5%\nS&P 500\n4,293.93\n+26.4▲0.6%\nGold\n$1,980\n+37.1▲1.9%\nNikkei 225\n31,641.27\n−272.5▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,149", "+2.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,469", "+89.8\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+9.7\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,293.93", "+26.4\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+37.1\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,641.27", "\\u2212272.5\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Bitcoin\nBitcoin soldiered on for yet another day, unmoved from this week’s Securities and Exchange (SEC) lawsuits against exchange giants Binance and Coinbase and ongoing concerns about inflation and central bank hawkishness.\nThe largest cryptocurrency by market capitalization was recently trading at $26,474, roughly flat over the past 24 hours and about where it’s stood since Tuesday when the SEC filed its suit against Coinbase and asked a court to grant a temporary restraining orderto freeze assetstied toBinance.US. The agency sued Binance, the world’s largest exchange by trading volume, on Monday, raising concerns that the latest regulatory crackdown would send markets plunging. BTC took an initial dive below $26,000 on Tuesday but has since held steady above the threshold with analysts suggesting that investorshad already priced inthe actions.\n“It’s hard to imagine a tougher regulatory situation facing the digital asset industry in the United States than what’s happening right now,” Andrew Lawrence, co-founder and CEO of onchain custody platform Censo, wrote in an email to CoinDesk. “ It can feel pretty bleak, and yet there’s been a tremendous resilience shown by Bitcoin and other key crypto assets. We saw a pullback that was far less pronounced than what happened during last year’s daisy chain of collapses.”\nRead More:Can Binance Survive the SEC\'s Charges?\nLawrence attributed cryptos’ resilience at least partly to the growing embrace of digital assets outside the U.S. He highlighted the growing trade volumes in Asia as Hong Kong has facilitated retail trading and wider access to the industry, and new more crypto-friendly regulatory frameworks in the European Union and Dubai.\n“Digital assets are truly global,” Lawrence noted, adding that “longer term, this industry is poised to continue its exponential growth. I just worry that the bulk of this growth will occur outside of the United States – that is, if there are no developments in terms of the positive proposed legislation that is currently working its way through Congress.”\nEther was recently changing hands at $1,852, about where it perched on Wednesday, same time. The second largest crypto in market value held tight in “uptrend” territory of theCoinDesk Indices Ether Trend Indicator(ETI), a bullish sign even as bitcoin has languished in a “downtrend” position.Tokens mentioned in the separate lawsuits rebounded slightly with BNB, the token of the Binance exchange, recently up 0.5% and ADA, SOL and MATIC, the tokens of the Cardano, Solana and Polygon smart contracts protocols, either flat or up slightly. Popular meme coins DOGE and SHIB were also in the green.\nMajor stock indexes closed on the upside with the S&P 500 rising 0.6% to end its longest bear market in 85 years amid a surge in technology stocks. Bear markets end when an index rises from a previous market low. The technology-heavy Nasdaq Composition was up a percentage point. Treasury yields, which tend to travel inversely from crypto markets, sank. Jobless claims arrived higher than expected on Monday to buoy hopes that the U.S. central bank would suspend its year-long diet of interest rate hikes at its Federal Open Market Committee (FOMC) meeting next week. Investors will be eyeing the next Consumer Price Index (CPI) for the latest indication that inflation is waning.\nMeanwhile, in an email to CoinDesk, Sacha Ghebali, director of strategy at crypto information provider The Tie, wrote of “clear dislocations in the (crypto) market, resulting in rapid outflows of capital” from Binance. On Wednesday, the BTC-U.S. dollar trading pair onBinance.USjumpedas high as $28,800 – likely the result of “large investors and active traders stopping their trading activity and pulling assets off the exchange as a result of risk-mitigation actions,” Ghebali wrote.\nBut he noted bitcoin’s price strength and the outperformance of DeFi tokens relative to centralized exchange ones. “This could be a result of users preferring decentralized exchanges over their centralized counterparts in light of the regulatory risks facing the latter,” he wrote.\nHe added: “The Ethereum ecosystem has also held up relatively well when compared to other ecosystems. The DeFi market capitalization, in general, is down roughly five percent since the beginning of the month, whereas the DeFi market capitalization on the Ethereum ecosystem specifically is down less than two percent.”\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.1%", "DACS Sector": "Computing"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nA Halt to Rate Hikes but Not for Long\nWill the U.S. central bank boost interest rates again next week? What will a decision to the affirmative or negative mean for crypto?\nSteven McClurg, the chief investment officer for alternative asset management company Valkyrie believes the Federal Reserve will suspend its nearly year-long diet of rate hikes, given what he sees as an ongoing banking crisis. That may weigh favorably for digital assets, but in an interview on CoinDesk TV\'s "First Mover" program, McClurg agreed with other analysts who believe the cessation will be temporary amid continued price pressure and other macroeconomic uncertainties.\nOver the past year, Interest rate increases have tended to unsettle investors and send crypto prices downward.\n"It\'s very prudent that the Fed has decided to stop raising rates at the moment, primarily because we do have a banking crisis on our hands right now, and we also have a dollar competence crisis," McClurg said.\nAccording to theCME Fedwatch tool, the probability that interest rates will remain at the current target rate of 5%-5.25% is 72.5%. That\'s ticked down over the past month when a flurry of data suggested that inflation would continue waning, but more mixed signals in recent weeks seem to have discouraged interest rate traders who participate in the ongoing survey.\nStill, threats to the banking system have loomed large since a series of U.S. bank failures, that central bank critics have tied to its overzealousness. McClurg noted that banking deposits totaling hundreds of billions of dollars "left the U.S. this year," and that Switzerland, which suffered its own banking crisis in March, resulting in the sale of Credit Suisse to rival UBS, had also seen a significant outflow "to places like Singapore, Dubai, other jurisdictions where they feel like your money is a little safer."\n"With continued interest rate hikes, the Fed would put many other banks in danger. So that\'s why we\'re on pause."\nMcClurg called any continued decline in CPI a "reversion to the mean scenario with inflation," where 4% plus is still very high. We\'re not seeing the 12% to 18% clips, but we\'re going to see that again."\nHe added that he would be closely watching oil prices, which have retreated over the past year from near record highs. "I believe oil will probably double in price this year, which will drive the rest of inflation," McClurg said. "That will force the Fed to continue to raise rates to try to stave off inflation to the last half of the year.\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/May)\n4:00 p.m. HKT/SGT(8:00 UTC)European Central Bank\'s De Guindos Speech\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Net Change in Employment (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an \'Informal Advisor\'\nMajor cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacted. Meantime, a letter from Binance’s counsel said that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighed in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explained what Apple\'s new mixed-reality headset means for Web3.\nCrypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust, Sources:The financial terms of the deal were not disclosed by the source.\nOptimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token:Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism\'s “Bedrock” upgrade this week.\nEthereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade:Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.\nAave-Developed Lens Protocol Raises $15M to Expand \'Social Layer\' of Web3:Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.\nBanks Have Come to the Metaverse:Several big-name financial institutions have set up shop in virtual worlds, making inroads to a whole new generation of clients.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds firm at $26.5K as investors remain largely unstirred by SEC lawsuits and look toward the Federal Reserve\'s monetary policy decision next week.\nInsights:The Fed may halt its hawkishness at its next FOMC meeting, but not after, said Valkyrie Chief Investment Officer Steven McClurg.\nCoinDesk Market Index (CMI)\n1,149\n+2.0▲0.2%\nBitcoin (BTC)\n$26,469\n+89.8▲0.3%\nEthereum (ETH)\n$1,845\n+9.7▲0.5%\nS&P 500\n4,293.93\n+26.4▲0.6%\nGold\n$1,980\n+37.1▲1.9%\nNikkei 225\n31,641.27\n−272.5▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,149", "+2.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,469", "+89.8\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+9.7\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,293.93", "+26.4\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+37.1\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,641.27", "\\u2212272.5\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nA Resilient Bitcoin\nBitcoin soldiered on for yet another day, unmoved from this week’s Securities and Exchange (SEC) lawsuits against exchange giants Binance and Coinbase and ongoing concerns about inflation and central bank hawkishness.\nThe largest cryptocurrency by market capitalization was recently trading at $26,474, roughly flat over the past 24 hours and about where it’s stood since Tuesday when the SEC filed its suit against Coinbase and asked a court to grant a temporary restraining orderto freeze assetstied toBinance.US. The agency sued Binance, the world’s largest exchange by trading volume, on Monday, raising concerns that the latest regulatory crackdown would send markets plunging. BTC took an initial dive below $26,000 on Tuesday but has since held steady above the threshold with analysts suggesting that investorshad already priced inthe actions.\n“It’s hard to imagine a tougher regulatory situation facing the digital asset industry in the United States than what’s happening right now,” Andrew Lawrence, co-founder and CEO of onchain custody platform Censo, wrote in an email to CoinDesk. “ It can feel pretty bleak, and yet there’s been a tremendous resilience shown by Bitcoin and other key crypto assets. We saw a pullback that was far less pronounced than what happened during last year’s daisy chain of collapses.”\nRead More:Can Binance Survive the SEC\'s Charges?\nLawrence attributed cryptos’ resilience at least partly to the growing embrace of digital assets outside the U.S. He highlighted the growing trade volumes in Asia as Hong Kong has facilitated retail trading and wider access to the industry, and new more crypto-friendly regulatory frameworks in the European Union and Dubai.\n“Digital assets are truly global,” Lawrence noted, adding that “longer term, this industry is poised to continue its exponential growth. I just worry that the bulk of this growth will occur outside of the United States – that is, if there are no developments in terms of the positive proposed legislation that is currently working its way through Congress.”\nEther was recently changing hands at $1,852, about where it perched on Wednesday, same time. The second largest crypto in market value held tight in “uptrend” territory of theCoinDesk Indices Ether Trend Indicator(ETI), a bullish sign even as bitcoin has languished in a “downtrend” position.Tokens mentioned in the separate lawsuits rebounded slightly with BNB, the token of the Binance exchange, recently up 0.5% and ADA, SOL and MATIC, the tokens of the Cardano, Solana and Polygon smart contracts protocols, either flat or up slightly. Popular meme coins DOGE and SHIB were also in the green.\nMajor stock indexes closed on the upside with the S&P 500 rising 0.6% to end its longest bear market in 85 years amid a surge in technology stocks. Bear markets end when an index rises from a previous market low. The technology-heavy Nasdaq Composition was up a percentage point. Treasury yields, which tend to travel inversely from crypto markets, sank. Jobless claims arrived higher than expected on Monday to buoy hopes that the U.S. central bank would suspend its year-long diet of interest rate hikes at its Federal Open Market Committee (FOMC) meeting next week. Investors will be eyeing the next Consumer Price Index (CPI) for the latest indication that inflation is waning.\nMeanwhile, in an email to CoinDesk, Sacha Ghebali, director of strategy at crypto information provider The Tie, wrote of “clear dislocations in the (crypto) market, resulting in rapid outflows of capital” from Binance. On Wednesday, the BTC-U.S. dollar trading pair onBinance.USjumpedas high as $28,800 – likely the result of “large investors and active traders stopping their trading activity and pulling assets off the exchange as a result of risk-mitigation actions,” Ghebali wrote.\nBut he noted bitcoin’s price strength and the outperformance of DeFi tokens relative to centralized exchange ones. “This could be a result of users preferring decentralized exchanges over their centralized counterparts in light of the regulatory risks facing the latter,” he wrote.\nHe added: “The Ethereum ecosystem has also held up relatively well when compared to other ecosystems. The DeFi market capitalization, in general, is down roughly five percent since the beginning of the month, whereas the DeFi market capitalization on the Ethereum ecosystem specifically is down less than two percent.”\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.1%", "DACS Sector": "Computing"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nA Halt to Rate Hikes but Not for Long\nWill the U.S. central bank boost interest rates again next week? What will a decision to the affirmative or negative mean for crypto?\nSteven McClurg, the chief investment officer for alternative asset management company Valkyrie believes the Federal Reserve will suspend its nearly year-long diet of rate hikes, given what he sees as an ongoing banking crisis. That may weigh favorably for digital assets, but in an interview on CoinDesk TV\'s "First Mover" program, McClurg agreed with other analysts who believe the cessation will be temporary amid continued price pressure and other macroeconomic uncertainties.\nOver the past year, Interest rate increases have tended to unsettle investors and send crypto prices downward.\n"It\'s very prudent that the Fed has decided to stop raising rates at the moment, primarily because we do have a banking crisis on our hands right now, and we also have a dollar competence crisis," McClurg said.\nAccording to theCME Fedwatch tool, the probability that interest rates will remain at the current target rate of 5%-5.25% is 72.5%. That\'s ticked down over the past month when a flurry of data suggested that inflation would continue waning, but more mixed signals in recent weeks seem to have discouraged interest rate traders who participate in the ongoing survey.\nStill, threats to the banking system have loomed large since a series of U.S. bank failures, that central bank critics have tied to its overzealousness. McClurg noted that banking deposits totaling hundreds of billions of dollars "left the U.S. this year," and that Switzerland, which suffered its own banking crisis in March, resulting in the sale of Credit Suisse to rival UBS, had also seen a significant outflow "to places like Singapore, Dubai, other jurisdictions where they feel like your money is a little safer."\n"With continued interest rate hikes, the Fed would put many other banks in danger. So that\'s why we\'re on pause."\nMcClurg called any continued decline in CPI a "reversion to the mean scenario with inflation," where 4% plus is still very high. We\'re not seeing the 12% to 18% clips, but we\'re going to see that again."\nHe added that he would be closely watching oil prices, which have retreated over the past year from near record highs. "I believe oil will probably double in price this year, which will drive the rest of inflation," McClurg said. "That will force the Fed to continue to raise rates to try to stave off inflation to the last half of the year.\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/May)\n4:00 p.m. HKT/SGT(8:00 UTC)European Central Bank\'s De Guindos Speech\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Net Change in Employment (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an \'Informal Advisor\'\nMajor cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacted. Meantime, a letter from Binance’s counsel said that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighed in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explained what Apple\'s new mixed-reality headset means for Web3.\nCrypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust, Sources:The financial terms of the deal were not disclosed by the source.\nOptimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token:Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism\'s “Bedrock” upgrade this week.\nEthereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade:Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.\nAave-Developed Lens Protocol Raises $15M to Expand \'Social Layer\' of Web3:Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.\nBanks Have Come to the Metaverse:Several big-name financial institutions have set up shop in virtual worlds, making inroads to a whole new generation of clients.', 'Good morning. Here’s what’s happening: Prices: Bitcoin holds firm at $26.5K as investors remain largely unstirred by SEC lawsuits and look toward the Federal Reserve\'s monetary policy decision next week. Insights: The Fed may halt its hawkishness at its next FOMC meeting, but not after, said Valkyrie Chief Investment Officer Steven McClurg. Prices CoinDesk Market Index (CMI) 1,149 +2.0 ▲ 0.2% Bitcoin (BTC) $26,469 +89.8 ▲ 0.3% Ethereum (ETH) $1,845 +9.7 ▲ 0.5% S&P 500 4,293.93 +26.4 ▲ 0.6% Gold $1,980 +37.1 ▲ 1.9% Nikkei 225 31,641.27 −272.5 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,149 +2.0 ▲ 0.2% Bitcoin (BTC) $26,469 +89.8 ▲ 0.3% Ethereum (ETH) $1,845 +9.7 ▲ 0.5% S&P 500 4,293.93 +26.4 ▲ 0.6% Gold $1,980 +37.1 ▲ 1.9% Nikkei 225 31,641.27 −272.5 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Resilient Bitcoin Bitcoin soldiered on for yet another day, unmoved from this week’s Securities and Exchange (SEC) lawsuits against exchange giants Binance and Coinbase and ongoing concerns about inflation and central bank hawkishness. The largest cryptocurrency by market capitalization was recently trading at $26,474, roughly flat over the past 24 hours and about where it’s stood since Tuesday when the SEC filed its suit against Coinbase and asked a court to grant a temporary restraining order to freeze assets tied to Binance.US . The agency sued Binance, the world’s largest exchange by trading volume, on Monday, raising concerns that the latest regulatory crackdown would send markets plunging. BTC took an initial dive below $26,000 on Tuesday but has since held steady above the threshold with analysts suggesting that investors had already priced in the actions. “It’s hard to imagine a tougher regulatory situation facing the digital asset industry in the United States than what’s happening right now,” Andrew Lawrence, co-founder and CEO of onchain custody platform Censo, wrote in an email to CoinDesk. “ It can feel pretty bleak, and yet there’s been a tremendous resilience shown by Bitcoin and other key crypto assets. We saw a pullback that was far less pronounced than what happened during last year’s daisy chain of collapses.” Story continues Read More: Can Binance Survive the SEC\'s Charges? Lawrence attributed cryptos’ resilience at least partly to the growing embrace of digital assets outside the U.S. He highlighted the growing trade volumes in Asia as Hong Kong has facilitated retail trading and wider access to the industry, and new more crypto-friendly regulatory frameworks in the European Union and Dubai. “Digital assets are truly global,” Lawrence noted, adding that “longer term, this industry is poised to continue its exponential growth. I just worry that the bulk of this growth will occur outside of the United States – that is, if there are no developments in terms of the positive proposed legislation that is currently working its way through Congress.” Ether was recently changing hands at $1,852, about where it perched on Wednesday, same time. The second largest crypto in market value held tight in “uptrend” territory of the CoinDesk Indices Ether Trend Indicator (ETI), a bullish sign even as bitcoin has languished in a “downtrend” position.Tokens mentioned in the separate lawsuits rebounded slightly with BNB, the token of the Binance exchange, recently up 0.5% and ADA, SOL and MATIC, the tokens of the Cardano, Solana and Polygon smart contracts protocols, either flat or up slightly. Popular meme coins DOGE and SHIB were also in the green. Major stock indexes closed on the upside with the S&P 500 rising 0.6% to end its longest bear market in 85 years amid a surge in technology stocks. Bear markets end when an index rises from a previous market low. The technology-heavy Nasdaq Composition was up a percentage point. Treasury yields, which tend to travel inversely from crypto markets, sank. Jobless claims arrived higher than expected on Monday to buoy hopes that the U.S. central bank would suspend its year-long diet of interest rate hikes at its Federal Open Market Committee (FOMC) meeting next week. Investors will be eyeing the next Consumer Price Index (CPI) for the latest indication that inflation is waning. Meanwhile, in an email to CoinDesk, Sacha Ghebali, director of strategy at crypto information provider The Tie, wrote of “clear dislocations in the (crypto) market, resulting in rapid outflows of capital” from Binance. On Wednesday, the BTC-U.S. dollar trading pair on Binance.US jumped as high as $28,800 – likely the result of “large investors and active traders stopping their trading activity and pulling assets off the exchange as a result of risk-mitigation actions,” Ghebali wrote. But he noted bitcoin’s price strength and the outperformance of DeFi tokens relative to centralized exchange ones. “This could be a result of users preferring decentralized exchanges over their centralized counterparts in light of the regulatory risks facing the latter,” he wrote. He added: “The Ethereum ecosystem has also held up relatively well when compared to other ecosystems. The DeFi market capitalization, in general, is down roughly five percent since the beginning of the month, whereas the DeFi market capitalization on the Ethereum ecosystem specifically is down less than two percent.” Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +2.1% Smart Contract Platform Terra LUNA +1.2% Smart Contract Platform Chainlink LINK +1.1% Computing Biggest Losers Asset Ticker Returns DACS Sector Avalanche AVAX −1.0% Smart Contract Platform Stellar XLM −0.6% Smart Contract Platform Polkadot DOT −0.5% Smart Contract Platform Insights A Halt to Rate Hikes but Not for Long Will the U.S. central bank boost interest rates again next week? What will a decision to the affirmative or negative mean for crypto? Steven McClurg, the chief investment officer for alternative asset management company Valkyrie believes the Federal Reserve will suspend its nearly year-long diet of rate hikes, given what he sees as an ongoing banking crisis. That may weigh favorably for digital assets, but in an interview on CoinDesk TV\'s "First Mover" program, McClurg agreed with other analysts who believe the cessation will be temporary amid continued price pressure and other macroeconomic uncertainties. Over the past year, Interest rate increases have tended to unsettle investors and send crypto prices downward. "It\'s very prudent that the Fed has decided to stop raising rates at the moment, primarily because we do have a banking crisis on our hands right now, and we also have a dollar competence crisis," McClurg said. According to the CME Fedwatch tool , the probability that interest rates will remain at the current target rate of 5%-5.25% is 72.5%. That\'s ticked down over the past month when a flurry of data suggested that inflation would continue waning, but more mixed signals in recent weeks seem to have discouraged interest rate traders who participate in the ongoing survey. Still, threats to the banking system have loomed large since a series of U.S. bank failures, that central bank critics have tied to its overzealousness. McClurg noted that banking deposits totaling hundreds of billions of dollars "left the U.S. this year," and that Switzerland, which suffered its own banking crisis in March, resulting in the sale of Credit Suisse to rival UBS, had also seen a significant outflow "to places like Singapore, Dubai, other jurisdictions where they feel like your money is a little safer." "With continued interest rate hikes, the Fed would put many other banks in danger. So that\'s why we\'re on pause." McClurg called any continued decline in CPI a "reversion to the mean scenario with inflation," where 4% plus is still very high. We\'re not seeing the 12% to 18% clips, but we\'re going to see that again." He added that he would be closely watching oil prices, which have retreated over the past year from near record highs. "I believe oil will probably double in price this year, which will drive the rest of inflation," McClurg said. "That will force the Fed to continue to raise rates to try to stave off inflation to the last half of the year. Important events. 9:30 a.m. HKT/SGT(1:30 UTC) China Consumer Price Index (YoY/May) 4:00 p.m. HKT/SGT(8:00 UTC) European Central Bank\'s De Guindos Speech 8:30 p.m. HKT/SGT(12:30 UTC) Canada Net Change in Employment (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an \'Informal Advisor\' Major cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacted. Meantime, a letter from Binance’s counsel said that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighed in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explained what Apple\'s new mixed-reality headset means for Web3. Headlines Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust, Sources : The financial terms of the deal were not disclosed by the source. Optimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token : Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism\'s “Bedrock” upgrade this week. Ethereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade : Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine. Aave-Developed Lens Protocol Raises $15M to Expand \'Social Layer\' of Web3 : Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors. Banks Have Come to the Metaverse : Several big-name financial institutions have set up shop in virtual worlds, making inroads to a whole new generation of clients.', 'Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-stablecoin cryptocurrencies gained, with Polygon\x92s Matic token leading the winners. Top 10 gain ground Bitcoin strengthened 1.06% over the last 24 hours to US$26,551 at 7:00 a.m. in Hong Kong, making up some losses from earlier this week after the Securities and Exchange Commission (SEC) filed lawsuits against two of the world\x92s biggest exchanges, alleging dozens of of crypto tokens have been illegally offered and traded as unregistered securities. The world\x92s largest crypto by market capitalization is now down 1.26% for the past seven days after sharper declines earlier in the week, according to data from CoinMarketCap. Ether climbed 1.1% to US$1,849, and logged a 0.98% weekly decline. Polygon\x92s MATIC was the biggest gainer among the top 10, with a 2.69% rise, but it has\xa0lost 12.02% in value for the past week. Binance\x92s BNB added 2.01% in the past 24 hours, the second-largest rise among the top 10, but is a big loser for the week, down 13.9%. The total cryptocurrency market cap edged up 0.35% to US$1.1 trillion in the 24 hours through to 8:30 a.m. in Hong Kong, while daily trading volume dropped 35.3% to US$25.9 billion, according to CoinMarketCap data . In a new court filing on Wednesday, the SEC said transactions involving several billions of dollars of customer funds moved through now-defunct Silvergate Bank and Signature Bank under accounts allegedly controlled by Binance officials, including chief executive Changpeng Zhao. Sachin Verma, an accountant employed by the SEC, said in the filing that some of the funds were moved to accounts suspected to belong to offshore firms linked to Zhao and Binance, in various regions including the Seychelles, Lithuania and Kazakhstan. Story continues Zhao tweeted on Thursday that this is \x93simply false\x94 in response to a CoinDesk article that said US$12 billion of funds was sent to Zhao, citing the Wednesday filing. \x93To the best of my knowledge, Binance.US had in total roughly US$2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news,\x94 Zhao tweeted. \x93All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.\x94 Gordon Grant, co-head of trading at crypto brokerage Genesis Trading, said that this week\x92s sweeping regulatory pronouncements \x93saw crypto realized volatility begin to rear its head.\x94 \x93After seeming months of coiling in an ornery, reptilian rip-rap price action, the successive Monday and Tuesday swoon-soar tandem on the back of Binance and Coinbase headlines preempted consternation, head scratching and, if nothing else, a recognition that the asset class remains habitually prone to lurid gaps in price action,\x94 Grant said. In an email, Le Shi, head of trading at Auros, a crypto market-making and algorithmic trading firm, said cryptocurrency trading volumes continue to \x93plumb the depths\x94 last seen in the middle of the last crypto bear market. CoinShares, a European crypto investment firm, said in a Thursday report shared with Forkast that while the SEC lawsuits seem to carry more severe implications for Binance, the potential impact on Coinbase and the broader crypto industry is significant. \x93The charges insinuate that a majority of crypto assets should be categorized as securities, which would radically modify the regulatory landscape, potentially confining access to regulated Wall Street entities (assuming that they have the appetite once the litigation is over),\x94 CoinShares wrote. CoinShares added that the shift could potentially place the control of the crypto industry within the grasp of traditional financial institutions. NFT sales drop The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 1.07% to 3,219.65 in the 24 hours to 9:45 a.m. in Hong Kong. The index was down 4.59% for the week. NFT sales on Ethereum fell 14.4% over the last 24 hours to US$13.72 million, and sales on the Bitcoin network dropped 9.34% to US$3.53 million, according to CryptoSlam data . \x93[It\x92s a] hard market to analyze right now,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Friday. \x93On one hand I believe we\x92ll see capitulation to the negative news, especially once the SEC files lawsuits against (NFT) projects, but at the same time, we are seeing bullish news from projects, art, among others, on an almost daily basis,\x94 Petscher added. \x93I don\x92t think the SEC\x92s lawsuits have played a factor yet. They should soon.\x94 Uncategorized Ordinals \x96 recently popular Bitcoin Ordinals that are not part of an established collection \x96 saw the largest sales in the past 24 hours with a 74.13% rise to US$1.54 million. The Captainz , an Ethereum-based collection, recorded a 2.33% increase in sales to US$1.12 million, making it the second most sold collection in the past day, followed by Mythos chain-based DMarket\x92s US$1.11 million daily sales. In another development, crypto exchange Kraken has launched its NFT marketplace out of beta with over 250 collections. Luca Netz, the chief executive officer of intellectual property firm and NFT collection Pudgy Penguins, is set to launch a Web 3.0 licensing marketplace named Overpass as early as late June, according to a Thursday report by media firm NFT Now. Pudgy Penguins is an Ethereum-based NFT collection of 8,888 unique digital assets. It is the 19th largest collection in all-time sales, with more than US$257 million traded, according to CryptoSlam data . U.S. stock futures fall New York Stock Exchange. Image: Getty Images U.S. stock futures fell as of 10:10 a.m. in Hong Kong after the major U.S. stock indexes posted strong gains overnight. Dow Jones Industrial Average futures dropped 0.14%, and S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.1%. Overnight in the U.S., the Nasdaq Composite rose 1.02%, and the Dow Jones Industrial Average climbed 0.5%. The S&P 500 added 0.62%, hitting a new high for the year so far. In macroeconomic developments, the U.S. Labor Department reported Thursday that the country\x92s initial jobless claims totaled 261,000 for the week ended June 3. That was the highest weekly level for such claims since October 30, 2021. The jobless claims pointing to a slowing of the economy are another factor suggesting the U.S. Federal Reserve\x92s more than year-long hikes in interest rates are having an effect and may influence the Fed\x92s decision-making on rates at its meeting on June 14. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 74.8% chance the Fed will leave rates unchanged at next week\x92s meeting, and a 25.2% chance for another 25-basis-point rate hike. (Updates with equity section.)', 'Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-stablecoin cryptocurrencies gained, with Polygon’s Matic token leading the winners.\nBitcoin strengthened 1.06% over the last 24 hours to US$26,551 at 7:00 a.m. in Hong Kong, making up some losses from earlier this week after the Securities and Exchange Commission (SEC) filed lawsuits against two of the world’s biggest exchanges, alleging dozens of of crypto tokens have been illegally offered and traded as unregistered securities. The world’s largest crypto by market capitalization is now down 1.26% for the past seven days after sharper declines earlier in the week, according todatafrom CoinMarketCap.\nEther climbed 1.1% to US$1,849, and logged a 0.98% weekly decline.\nPolygon’s MATIC was the biggest gainer among the top 10, with a 2.69% rise, but it has\xa0lost 12.02% in value for the past week.\nBinance’s BNB added 2.01% in the past 24 hours, the second-largest rise among the top 10, but is a big loser for the week, down 13.9%.\nThe total cryptocurrency market cap edged up 0.35% to US$1.1 trillion in the 24 hours through to 8:30 a.m. in Hong Kong, while daily trading volume dropped 35.3% to US$25.9 billion, according to CoinMarketCapdata.\nIn a new courtfilingon Wednesday, the SECsaidtransactions involving several billions of dollars of customer funds moved through now-defunct Silvergate Bank and Signature Bank under accounts allegedly controlled by Binance officials, including chief executive Changpeng Zhao.\nSachin Verma, an accountant employed by the SEC, said in the filing that some of the funds were moved to accounts suspected to belong to offshore firms linked to Zhao and Binance, in various regions including the Seychelles, Lithuania and Kazakhstan.\nZhaotweetedon Thursday that this is “simply false” in response to a CoinDeskarticlethat said US$12 billion of funds was sent to Zhao, citing the Wednesday filing.\n“To the best of my knowledge, Binance.US had in total roughly US$2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news,” Zhao tweeted. “All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.”\nGordon Grant, co-head of trading at crypto brokerage Genesis Trading, said that this week’s sweeping regulatory pronouncements “saw crypto realized volatility begin to rear its head.”\n“After seeming months of coiling in an ornery, reptilian rip-rap price action, the successive Monday and Tuesday swoon-soar tandem on the back of Binance and Coinbase headlines preempted consternation, head scratching and, if nothing else, a recognition that the asset class remains habitually prone to lurid gaps in price action,” Grant said.\nIn an email, Le Shi, head of trading at Auros, a crypto market-making and algorithmic trading firm, said cryptocurrency trading volumes continue to “plumb the depths” last seen in the middle of the last crypto bear market.\nCoinShares, a European crypto investment firm, said in a Thursdayreportshared withForkastthat while the SEC lawsuits seem to carry more severe implications for Binance, the potential impact on Coinbase and the broader crypto industry is significant.\n“The charges insinuate that a majority of crypto assets should be categorized as securities, which would radically modify the regulatory landscape, potentially confining access to regulated Wall Street entities (assuming that they have the appetite once the litigation is over),” CoinShares wrote.\nCoinShares added that the shift could potentially place the control of the crypto industry within the grasp of traditional financial institutions.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 1.07% to 3,219.65 in the 24 hours to 9:45 a.m. in Hong Kong. The index was down 4.59% for the week.\nNFT sales on Ethereum fell 14.4% over the last 24 hours to US$13.72 million, and sales on the Bitcoin network dropped 9.34% to US$3.53 million, according to CryptoSlamdata.\n“[It’s a] hard market to analyze right now,” Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News, said on Friday.\n“On one hand I believe we’ll see capitulation to the negative news, especially once the SEC files lawsuits against (NFT) projects, but at the same time, we are seeing bullish news from projects, art, among others, on an almost daily basis,” Petscher added. “I don’t think the SEC’s lawsuits have played a factor yet. They should soon.”\nUncategorizedOrdinals– recently popular Bitcoin Ordinals that are not part of an established collection – saw the largest sales in the past 24 hours with a 74.13% rise to US$1.54 million.\nThe Captainz, an Ethereum-based collection, recorded a 2.33% increase in sales to US$1.12 million, making it the second most sold collection in the past day, followed by Mythos chain-basedDMarket’sUS$1.11 million daily sales.\nIn another development, crypto exchange Kraken haslaunchedits NFT marketplace out of beta with over 250 collections.\nLuca Netz, the chief executive officer of intellectual property firm and NFT collection Pudgy Penguins, is set tolauncha Web 3.0 licensing marketplace named Overpass as early as late June, according to a Thursdayreportby media firm NFT Now.\nPudgy Penguins is an Ethereum-based NFT collection of 8,888 unique digital assets. It is the 19th largest collection in all-time sales, with more than US$257 million traded, according to CryptoSlamdata.\nU.S. stock futures fell as of 10:10 a.m. in Hong Kong after the major U.S. stock indexes posted strong gains overnight. Dow Jones Industrial Average futures dropped 0.14%, and S&P 500 futures dipped 0.1%. Nasdaq Futures fell 0.1%.\nOvernight in the U.S., the Nasdaq Composite rose 1.02%, and the Dow Jones Industrial Average climbed 0.5%. The S&P 500 added 0.62%, hitting a new high for the year so far.\nIn macroeconomic developments, the U.S. Labor DepartmentreportedThursday that the country’s initial jobless claims totaled 261,000 for the week ended June 3. That was the highest weekly level for such claims since October 30, 2021.\nThe jobless claims pointing to a slowing of the economy are another factor suggesting the U.S. Federal Reserve’s more than year-long hikes in interest rates are having an effect and may influence the Fed’s decision-making on rates at its meeting on June 14.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006.\nThe CME FedWatch Toolpredictsa 74.8% chance the Fed will leave rates unchanged at next week’s meeting, and a 25.2% chance for another 25-basis-point rate hike.\n(Updates with equity section.)', 'Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-stablecoin cryptocurrencies gained, with Polygon’s Matic token leading the winners.\nBitcoin strengthened 1.06% over the last 24 hours to US$26,551 at 7:00 a.m. in Hong Kong, making up some losses from earlier this week after the Securities and Exchange Commission (SEC) filed lawsuits against two of the world’s biggest exchanges, alleging dozens of of crypto tokens have been illegally offered and traded as unregistered securities. The world’s largest crypto by market capitalization is now down 1.26% for the past seven days after sharper declines earlier in the week, according todatafrom CoinMarketCap.\nEther climbed 1.1% to US$1,849, and logged a 0.98% weekly decline.\nPolygon’s MATIC was the biggest gainer among the top 10, with a 2.69% rise, but it has\xa0lost 12.02% in value for the past week.\nBinance’s BNB added 2.01% in the past 24 hours, the second-largest rise among the top 10, but is a big loser for the week, down 13.9%.\nThe total cryptocurrency market cap edged up 0.35% to US$1.1 trillion in the 24 hours through to 8:30 a.m. in Hong Kong, while daily trading volume dropped 35.3% to US$25.9 billion, according to CoinMarketCapdata.\nIn a new courtfilingon Wednesday, the SECsaidtransactions involving several billions of dollars of customer funds moved through now-defunct Silvergate Bank and Signature Bank under accounts allegedly controlled by Binance officials, including chief executive Changpeng Zhao.\nSachin Verma, an accountant employed by the SEC, said in the filing that some of the funds were moved to accounts suspected to belong to offshore firms linked to Zhao and Binance, in various regions including the Seychelles, Lithuania and Kazakhstan.\nZhaotweetedon Thursday that this is “simply false” in response to a CoinDeskarticlethat said US$12 billion of funds was sent to Zhao, citing the Wednesday filing.\n“To the best of my knowledge, Binance.US had in total roughly US$2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news,” Zhao tweeted. “All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.”\nGordon Grant, co-head of trading at crypto brokerage Genesis Trading, said that this week’s sweeping regulatory pronouncements “saw crypto realized volatility begin to rear its head.”\n“After seeming months of coiling in an ornery, reptilian rip-rap price action, the successive Monday and Tuesday swoon-soar tandem on the back of Binance and Coinbase headlines preempted consternation, head scratching and, if nothing else, a recognition that the asset class remains habitually prone to lurid gaps in price action,” Grant said.\nIn an email, Le Shi, head of trading at Auros, a crypto market-making and algorithmic trading firm, said cryptocurrency trading volumes continue to “plumb the depths” last seen in the middle of the last crypto bear market.\nCoinShares, a European crypto investment firm, said in a Thursdayreportshared withForkastthat while the SEC lawsuits seem to carry more severe implications for Binance, the potential impact on Coinbase and the b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $515,772,877,500 - Hash Rate: 430421503.0643882 - Transaction Count: 387084.0 - Unique Addresses: 676835.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Baron Funds, an investment management company, released its “Baron Partners Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here . Despite the market volatility, the fund performed well and returned 23.41% in the first quarter, which exceeds the Russell Midcap Growth Index’s 9.14% return and the S&P 500 Index’s 7.50% return in the same period. In addition, please check the fund’s top five holdings to know its best picks in 2023. Baron Partners Fund highlighted stocks like Illumina, Inc. (NASDAQ: ILMN ) in the first quarter 2023 investor letter. Headquartered in San Diego, California, Illumina, Inc. (NASDAQ:ILMN) is a life science tools and integrated systems manufacturer. On May 22, 2023, Illumina, Inc. (NASDAQ:ILMN) stock closed at $208.85 per share. One-month return of Illumina, Inc. (NASDAQ:ILMN) was -4.50%, and its shares lost 13.07% of their value over the last 52 weeks. Illumina, Inc. (NASDAQ:ILMN) has a market capitalization of $33.019 billion. Baron Partners Fund made the following comment about Illumina, Inc. (NASDAQ:ILMN) in its Q1 2023 investor letter: "Illumina, Inc. (NASDAQ:ILMN), the market leader in DNA sequencing technology, detracted from performance for the period held. During the quarter, activist investor Carl Icahn nominated three directors to the Illumina board and criticized the current management team’s decisions with respect to Grail, an acquisition that has developed an early cancer detection test called Galleri. Icahn is urging Illumina to sell the Grail business as soon as possible to eliminate the near-term earnings dilution and allow investors to participate in the core Illumina business. In early April, the FTC ordered the divestment of Grail. We exited our position early in the quarter.” Healthcare biology microscope, lab laboratory Pressmaster/Shutterstock.com Illumina, Inc. (NASDAQ:ILMN) is not on our list of 30 Most Popular Stocks Among Hedge Funds . As per our database, 44 hedge fund portfolios held Illumina, Inc. (NASDAQ:ILMN) at the end of the fourth quarter which was 49 in the previous quarter. Story continues We discussed Illumina, Inc. (NASDAQ:ILMN) in another article and shared the list of best stocks to buy and hold according to billionaire Carl Icahn. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors. Suggested Articles: 16 Fastest Growing Franchises in the US in 2023 12 Trusted Bitcoin Investment Sites 12 Cheap Dividend Stocks With High Yields Disclosure: None. This article is originally published at Insider Monkey .... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin\nVilnius, Lithuania, June 09, 2023 (GLOBE NEWSWIRE) -- Ordinal Bored Ape Yacht Club ($OBAYC) is proud to announce a groundbreaking project that combines the innovative concept of Bitcoin ordinals with the power and flexibility of the Ethereum blockchain. This unique initiative brings together the world of Bored Apes and Bitcoin, offering an unparalleled experience for BTC maximalists and Bored Ape Yacht Club (BAYC) enthusiasts.\nBy leveraging the cutting-edge Bitcoin Ordinal system, OBAYC has decided to launch the $OBAYC token on the BRC-20 standard. However, the project has taken a step further and wrapped the $OBAYC token with WETH (Wrapped Ether), enabling seamless transactions and leveraging the popularity and efficiency of the widely adopted ERC-20 network.\nThe journey to create the world's first Bored Apes on Bitcoin has been a meticulous process. Our team successfully fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens using the fractional.art platform. This groundbreaking achievement transforms the Bitcoin-Native Ordinal into the very first Bored Ape Yacht Club token residing on the Bitcoin network. This opens up new horizons for BAYC enthusiasts and Bitcoin maximalists alike.\nOrdinal Bored Ape Yacht Club has outlined an ambitious roadmap with a series of exciting plans that aim to revolutionize the cryptocurrency landscape:\n1. Major CEX Listings:$OBAYC will be listed on several leading cryptocurrency exchanges, ensuring increased liquidity and accessibility for a broader range of investors and traders.\n2. Top YouTuber Campaign:OBAYC is launching a strategic marketing campaign featuring influential YouTubers to create widespread awareness and drive the adoption of $OBAYC, thereby expanding the reach of the project to a global audience.\n3. Airdrop to Bored Ape Holders + Ordinal Communities:As a token of gratitude to Bored Ape holders and the wider Ordinal community, OBAYC will distribute exclusive airdrops of $OBAYC tokens. This gesture aims to reward their unwavering support and foster a strong and engaged community. There is a 5% allocation specifically reserved for ape holders, allowing anyone who possesses an ape in their wallet to come and claim.\n4. Insane OBAYC Bitcoin NFTs:OBAYC will create unique and highly sought-after OBAYC Bitcoin NFTs, offering an unprecedented level of value and utility to token holders. These exclusive digital collectibles will provide access to a range of privileges and experiences within the Bored Ape Yacht Club ecosystem.\n5. OBAYCSwap:A user-friendly and efficient token-swapping mechanism will be introduced, enabling seamless conversion between BTC and $OBAYC tokens. This feature will enhance liquidity and facilitate convenient asset management for our users.\n6. Crazy Holder Bonuses & Benefits:$OBAYC holders will enjoy a host of exciting bonuses and benefits, including exclusive access to limited-edition NFT drops, VIP events, community governance, and participation in the decision-making process.\nThe Ordinal Bored Ape Yacht Club team comprises highly experienced developers who have previously launched projects with market caps exceeding $50 million. Additionally, OBAYC’s talented marketing team includes professionals who have spearheaded successful campaigns for renowned crypto projects such as Kishu and Baby Doge.\nOrdinal Bored Ape Yacht Club aims to bridge the gap between the BTC maximalist community and the vibrant Bored Ape Yacht Club ecosystem. By combining the strength of Bitcoin with the creative spirit and passionate community of BAYC, the project strives to redefine the possibilities within the crypto space.\nTo learn more about Ordinal Bored Ape Yacht Club and participate in the project, visit the official website athttps://www.ordinalbayc.net/. The presale for $OBAYC tokens is currently live and can be accessed athttps://www.pinksale.finance/launchpad/0x188f473baf13E30ed045cfe75b00bd3527E65b44?chain=ETH&refId=0x7bfa3433d4CbBE59bDC195625213978B19Bb2Ac7.\nAbout Ordinal Bored Ape Yacht Club ($OBAYC)\nOrdinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin by fractionalizing the $OBAYC Ordinal into 1 quadrillion ERC20 tokens and wrapping them with WETH. As the first-ever Bored Ape Yacht Club token residing on the Bitcoin network, $OBAYC offers a unique experience for BTC maximalists and BAYC enthusiasts. The project aims to bridge the gap between Bitcoin and BAYC communities, providing unprecedented opportunities for users in both networks.\nWebsite\|Twitter\|Telegram\n###\nOrdinal Bored Ape Yacht Club ($OBAYC)\[email protected]\nhttps://www.ordinalbayc.net/\nDisclaimer:\nThis announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.", "Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin Vilnius, Lithuania, June 09, 2023 (GLOBE NEWSWIRE) -- Ordinal Bored Ape Yacht Club ($OBAYC) is proud to announce a groundbreaking project that combines the innovative concept of Bitcoin ordinals with the power and flexibility of the Ethereum blockchain. This unique initiative brings together the world of Bored Apes and Bitcoin, offering an unparalleled experience for BTC maximalists and Bored Ape Yacht Club (BAYC) enthusiasts. By leveraging the cutting-edge Bitcoin Ordinal system, OBAYC has decided to launch the $OBAYC token on the BRC-20 standard. However, the project has taken a step further and wrapped the $OBAYC token with WETH (Wrapped Ether), enabling seamless transactions and leveraging the popularity and efficiency of the widely adopted ERC-20 network. The journey to create the world's first Bored Apes on Bitcoin has been a meticulous process. Our team successfully fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens using the fractional.art platform. This groundbreaking achievement transforms the Bitcoin-Native Ordinal into the very first Bored Ape Yacht Club token residing on the Bitcoin network. This opens up new horizons for BAYC enthusiasts and Bitcoin maximalists alike. Ordinal Bored Ape Yacht Club has outlined an ambitious roadmap with a series of exciting plans that aim to revolutionize the cryptocurrency landscape: Major CEX Listings: $OBAYC will be listed on several leading cryptocurrency exchanges, ensuring increased liquidity and accessibility for a broader range of investors and traders. Top YouTuber Campaign: OBAYC is launching a strategic marketing campaign featuring influential YouTubers to create widespread awareness and drive the adoption of $OBAYC, thereby expanding the reach of the project to a global audience. Airdrop to Bored Ape Holders + Ordinal Communities: As a token of gratitude to Bored Ape holders and the wider Ordinal community, OBAYC will distribute exclusive airdrops of $OBAYC tokens. This gesture aims to reward their unwavering support and foster a strong and engaged community. There is a 5% allocation specifically reserved for ape holders, allowing anyone who possesses an ape in their wallet to come and claim. Insane OBAYC Bitcoin NFTs: OBAYC will create unique and highly sought-after OBAYC Bitcoin NFTs, offering an unprecedented level of value and utility to token holders. These exclusive digital collectibles will provide access to a range of privileges and experiences within the Bored Ape Yacht Club ecosystem. OBAYCSwap: A user-friendly and efficient token-swapping mechanism will be introduced, enabling seamless conversion between BTC and $OBAYC tokens. This feature will enhance liquidity and facilitate convenient asset management for our users. Crazy Holder Bonuses & Benefits: $OBAYC holders will enjoy a host of exciting bonuses and benefits, including exclusive access to limited-edition NFT drops, VIP events, community governance, and participation in the decision-making process. Story continues The Ordinal Bored Ape Yacht Club team comprises highly experienced developers who have previously launched projects with market caps exceeding $50 million. Additionally, OBAYC’s talented marketing team includes professionals who have spearheaded successful campaigns for renowned crypto projects such as Kishu and Baby Doge. Ordinal Bored Ape Yacht Club aims to bridge the gap between the BTC maximalist community and the vibrant Bored Ape Yacht Club ecosystem. By combining the strength of Bitcoin with the creative spirit and passionate community of BAYC, the project strives to redefine the possibilities within the crypto space. To learn more about Ordinal Bored Ape Yacht Club and participate in the project, visit the official website at https://www.ordinalbayc.net/ . The presale for $OBAYC tokens is currently live and can be accessed at https://www.pinksale.finance/launchpad/0x188f473baf13E30ed045cfe75b00bd3527E65b44?chain=ETH&refId=0x7bfa3433d4CbBE59bDC195625213978B19Bb2Ac7 . About Ordinal Bored Ape Yacht Club ($OBAYC) Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin by fractionalizing the $OBAYC Ordinal into 1 quadrillion ERC20 tokens and wrapping them with WETH. As the first-ever Bored Ape Yacht Club token residing on the Bitcoin network, $OBAYC offers a unique experience for BTC maximalists and BAYC enthusiasts. The project aims to bridge the gap between Bitcoin and BAYC communities, providing unprecedented opportunities for users in both networks. Website \| Twitter \| Telegram ### Ordinal Bored Ape Yacht Club ($OBAYC) [email protected] https://www.ordinalbayc.net/ Disclaimer: This announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.", "Ordinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin\nVilnius, Lithuania, June 09, 2023 (GLOBE NEWSWIRE) -- Ordinal Bored Ape Yacht Club ($OBAYC) is proud to announce a groundbreaking project that combines the innovative concept of Bitcoin ordinals with the power and flexibility of the Ethereum blockchain. This unique initiative brings together the world of Bored Apes and Bitcoin, offering an unparalleled experience for BTC maximalists and Bored Ape Yacht Club (BAYC) enthusiasts.\nBy leveraging the cutting-edge Bitcoin Ordinal system, OBAYC has decided to launch the $OBAYC token on the BRC-20 standard. However, the project has taken a step further and wrapped the $OBAYC token with WETH (Wrapped Ether), enabling seamless transactions and leveraging the popularity and efficiency of the widely adopted ERC-20 network.\nThe journey to create the world's first Bored Apes on Bitcoin has been a meticulous process. Our team successfully fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens using the fractional.art platform. This groundbreaking achievement transforms the Bitcoin-Native Ordinal into the very first Bored Ape Yacht Club token residing on the Bitcoin network. This opens up new horizons for BAYC enthusiasts and Bitcoin maximalists alike.\nOrdinal Bored Ape Yacht Club has outlined an ambitious roadmap with a series of exciting plans that aim to revolutionize the cryptocurrency landscape:\n1. Major CEX Listings:$OBAYC will be listed on several leading cryptocurrency exchanges, ensuring increased liquidity and accessibility for a broader range of investors and traders.\n2. Top YouTuber Campaign:OBAYC is launching a strategic marketing campaign featuring influential YouTubers to create widespread awareness and drive the adoption of $OBAYC, thereby expanding the reach of the project to a global audience.\n3. Airdrop to Bored Ape Holders + Ordinal Communities:As a token of gratitude to Bored Ape holders and the wider Ordinal community, OBAYC will distribute exclusive airdrops of $OBAYC tokens. This gesture aims to reward their unwavering support and foster a strong and engaged community. There is a 5% allocation specifically reserved for ape holders, allowing anyone who possesses an ape in their wallet to come and claim.\n4. Insane OBAYC Bitcoin NFTs:OBAYC will create unique and highly sought-after OBAYC Bitcoin NFTs, offering an unprecedented level of value and utility to token holders. These exclusive digital collectibles will provide access to a range of privileges and experiences within the Bored Ape Yacht Club ecosystem.\n5. OBAYCSwap:A user-friendly and efficient token-swapping mechanism will be introduced, enabling seamless conversion between BTC and $OBAYC tokens. This feature will enhance liquidity and facilitate convenient asset management for our users.\n6. Crazy Holder Bonuses & Benefits:$OBAYC holders will enjoy a host of exciting bonuses and benefits, including exclusive access to limited-edition NFT drops, VIP events, community governance, and participation in the decision-making process.\nThe Ordinal Bored Ape Yacht Club team comprises highly experienced developers who have previously launched projects with market caps exceeding $50 million. Additionally, OBAYC’s talented marketing team includes professionals who have spearheaded successful campaigns for renowned crypto projects such as Kishu and Baby Doge.\nOrdinal Bored Ape Yacht Club aims to bridge the gap between the BTC maximalist community and the vibrant Bored Ape Yacht Club ecosystem. By combining the strength of Bitcoin with the creative spirit and passionate community of BAYC, the project strives to redefine the possibilities within the crypto space.\nTo learn more about Ordinal Bored Ape Yacht Club and participate in the project, visit the official website athttps://www.ordinalbayc.net/. The presale for $OBAYC tokens is currently live and can be accessed athttps://www.pinksale.finance/launchpad/0x188f473baf13E30ed045cfe75b00bd3527E65b44?chain=ETH&refId=0x7bfa3433d4CbBE59bDC195625213978B19Bb2Ac7.\nAbout Ordinal Bored Ape Yacht Club ($OBAYC)\nOrdinal Bored Ape Yacht Club ($OBAYC) is a groundbreaking project that combines the world of Bored Apes and Bitcoin by fractionalizing the $OBAYC Ordinal into 1 quadrillion ERC20 tokens and wrapping them with WETH. As the first-ever Bored Ape Yacht Club token residing on the Bitcoin network, $OBAYC offers a unique experience for BTC maximalists and BAYC enthusiasts. The project aims to bridge the gap between Bitcoin and BAYC communities, providing unprecedented opportunities for users in both networks.\nWebsite\|Twitter\|Telegram\n###\nOrdinal Bored Ape Yacht Club ($OBAYC)\[email protected]\nhttps://www.ordinalbayc.net/\nDisclaimer:\nThis announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.", 'Well, there’s no sugarcoating it, this has been an extremely rough week for crypto and non-fungible tokens (NFTs) due to the U.S. Securities and Exchange Commission (SEC) filing lawsuits against Binance and Coinbase. During this new phase of scrutiny on, well, everything on the blockchain, the NFT community has really banded together to support the builders. And make no mistake, there’s plenty of building happening. Bitcoin NFTs are still going parabolic, the Polygon blockchain is teasing something major by having projects tease the number 2, art sales keep ripping, and there are some major developments coming related to intellectual property licensing for NFT holders. 👀 pic.twitter.com/qYa4EDAotL — Frank (@frankdegods) June 8, 2023 With everything happening in the news these stories were easy to miss, so let’s get you caught up. Noteworthy Happenings Pudgy Penguins’ owner Luca Netz was on the NFT Now podcast and talked about an upcoming new NFT IP licensing platform he’s releasing in the next few weeks called Overpass . Pudgy Penguins holders will be able to connect with entities who want to license their NFT, and with a few clicks of a mouse, will take part in the future of licensing. Art remains a hot topic in NFTs over the past few weeks, and this week is no exception. From some of Tyler Hobbs’ Fidenzas (#545 and #25), which sold for US$1.17 million and US$129,000 this week, to the sale of XCOPY’s Hackproof 2049 for US$73,000, collectors are grabbing their art grails. Are they anticipating a run on art, or did they just finally find the liquidity after meme coin season? 4281033c51b043028ebaf5fa8ea2972b Blur.io cycled in a new group of projects to receive 2x rewards for points farming, and with Bored Ape Yacht Club (BAYC) included, the race was on. Traders quickly threw their Bored Apes into the Blend lending protocol, and with no creator fees to pay, could buy them back and repeat the cycle over and over again. This relatively new type of wash trading might have fooled some into thinking NFT sales were starting to take off, but we instead flagged nearly 75% of BAYC as wash trades at their peak. Story continues BAYC daily wash sales. Source: CryptoSlam Bitcoin had 2 recent noteworthy events with another new BRC-20 drop called $MXRC , and Magic Eden’s first Bitcoin drop on their launchpad called Bitcoin Bears Club . $MXRC wasn’t as smooth as some hoped, and bots seemed to grab up a decent percentage of the supply. Bitcoin Bears Club on the other hand was a big success, and in just a few days is the 2nd most traded BTC collection on Magic Eden. a277502da9a14653a96f9cde8feacb02 Peep the charts 91193b9ac3c44c36995a96278b3abee0 BAYC dropped a teaser video this week that showed off apes , dogs , and HV-MTL characters all being drawn into a puzzle. Between wash trades and maybe some hype, BAYC remains on top. DMarket and Gods Unchained at times this week occupied the top 2 spots on the 24-hour rankings. With the SEC news and some buyers pausing to watch the landscape, it’s possible that gaming NFTs with cheaper assets may be the exact type of projects built to weather the storm. Wash trades on Ethereum are trending up, and will probably hang around this level until Blur’s Season 2 rewards are distributed. There are rumors that this is coming up imminently. Bitcoin still holds onto number two and seems to be on auto-pilot. More traders are being onboarded into the Ordinals ecosystem as the appeal of taking part in the early days of the historic chain’s NFT scene becomes too big to miss. Polygon and Solana are still battling for third and fourth, but it still remains to be seen if their native tokens being called securities will impact their NFT ecosystems.', 'Well, there’s no sugarcoating it, this has been an extremely rough week for crypto and non-fungible tokens (NFTs) due to the U.S. Securities and Exchange Commission (SEC) filing lawsuits against Binance and Coinbase.\nDuring this new phase of scrutiny on, well, everything on the blockchain, the NFT community has really banded together to support the builders. And make no mistake, there’s plenty of building happening. Bitcoin NFTs are still going parabolic, the Polygon blockchain is teasing something major by having projects tease the number 2, art sales keep ripping, and there are some major developments coming related to intellectual property licensing for NFT holders.\nWith everything happening in the news these stories were easy to miss, so let’s get you caught up.\n• Pudgy Penguins’owner Luca Netz was on the NFT Now podcast and talked about an upcoming newNFT IPlicensing platform he’s releasing in the next few weeks calledOverpass. Pudgy Penguins holders will be able to connect with entities who want to license their NFT, and with a few clicks of a mouse, will take part in the future of licensing.\n• Art remains a hot topic in NFTs over the past few weeks, and this week is no exception. From some of Tyler Hobbs’ Fidenzas (#545 and #25), which sold forUS$1.17 millionand US$129,000 this week, to the sale of XCOPY’s Hackproof 2049 for US$73,000, collectors are grabbing their art grails. Are they anticipating a run on art, or did they just finally find the liquidity after meme coin season?\n• Blur.iocycled in a new group of projects to receive 2x rewards for points farming, and with Bored Ape Yacht Club (BAYC) included, the race was on. Traders quickly threw their Bored Apes into the Blend lending protocol, and with no creator fees to pay, could buy them back and repeat the cycle over and over again. This relatively new type of wash trading might have fooled some into thinking NFT sales were starting to take off, but we instead flagged nearly 75% of BAYC as wash trades at their peak.\n• Bitcoin had 2 recent noteworthy events with another new BRC-20 drop called$MXRC, and Magic Eden’s first Bitcoin drop on their launchpad calledBitcoin Bears Club. $MXRC wasn’t as smooth as some hoped, and bots seemed to grab up a decent percentage of the supply.\n• Bitcoin Bears Club on the other hand was a big success, and in just a few days is the 2nd most traded BTC collection on Magic Eden.\n• BAYC dropped a teaservideothis week that showed offapes,dogs, andHV-MTLcharacters all being drawn into a puzzle. Between wash trades and maybe some hype, BAYC remains on top.\n• DMarketandGods Unchainedat times this week occupied the top 2 spots on the 24-hour rankings. With the SEC news and some buyers pausing to watch the landscape, it’s possible that gaming NFTs with cheaper assets may be the exact type of projects built to weather the storm.\n• Wash trades on Ethereum are trending up, and will probably hang around this level until Blur’s Season 2 rewards are distributed. There are rumors that this is coming up imminently.\n• Bitcoin still holds onto number two and seems to be on auto-pilot. More traders are being onboarded into the Ordinals ecosystem as the appeal of taking part in the early days of the historic chain’s NFT scene becomes too big to miss.\n• Polygon and Solana are still battling for third and fourth, but it still remains to be seen if their native tokens being called securities will impact their NFT ecosystems.', "Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchanges Binance and Coinbase. The bulk of these losses came in the wee hours of Saturday, data shows. Solana (SOL), polygon (MATIC) and cardano (ADA) fell as much as 25% within hours \x96 leading some on Crypto Twitter to wonder if a major crypto fund sold their holdings amid rather illiquid market conditions. Such moves pushed weekly declines for these tokens to as much as 34%, the data shows. Tokens fell as much as 25% in the past 24 hours. (CoinGecko) As such, major tokens such as bnb (BNB), dogecoin (DOGE), xrp (XRP) fell over 11%. Bitcoin (BTC) dropped 3.6% while ether (ETH) slid 4.5%. Crypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week. Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Earlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities. This has led to some major retail trading avenues such as Robinhood to end support for tokens ADA, SOL and MATIC, likely as a response to the regulatory filings.", "Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchanges Binance and Coinbase.\nThe bulk of these losses came in the wee hours of Saturday, data shows. Solana (SOL), polygon (MATIC) and cardano (ADA) fell as much as 25% within hours – leading some onCrypto Twitter to wonder if a major crypto fund soldtheir holdings amid rather illiquid market conditions.\nSuch moves pushed weekly declines for these tokens to as much as 34%, the data shows.\nAs such, major tokens such as bnb (BNB), dogecoin (DOGE), xrp (XRP) fell over 11%. Bitcoin (BTC) dropped 3.6% while ether (ETH) slid 4.5%.\nCrypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week.\nCrypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements.\nEarlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities.\nThis has led to some major retail trading avenues such as Robinhood toend support for tokensADA, SOL and MATIC, likely as a response to the regulatory filings.", 'The crypto industry is getting its very own tax framework. The Organization for Economic Cooperation and Development (OECD) has rolled out a new tax standard for cryptocurrencies along with a set of amendments to the already existing common reporting standard. The OECD is an international organization aimed at creating standards for issues such as climate change, taxation, education, and jobs. Although none of these standards are compulsory, they act as guidelines for regulators on domestic and international policies. No, MetaMask Will Not Withhold Your Crypto for Taxes A framework for exchanging tax information among countries already exists, but the Crypto-Asset Reporting Framework (CARF) is aimed specifically at cryptocurrencies. Specifically, it looks to reduce the evasion that might be done through these technologies. The new set of rules also makes changes to the Common Reporting Standard (CRS) which was designed to promote tax transparency with respect to financial accounts held abroad. The CRS was approved in 2014. “Our new international tax transparency standards aim to further strengthening efforts to tackle tax evasion in a digitalized & globalized world economy,” tweeted Mathias Cormann, Secretary General of the OECD on Thursday. Our new international tax transparency standards cover the updated Common Reporting Standard and the new reporting framework for crypto assets, further strengthening efforts to tackle tax evasion in a digitalised & globalised world economy. ➡️ https://t.co/GMcvZOQXCc pic.twitter.com/8Z595Vutrn — Mathias Cormann (@MathiasCormann) June 8, 2023 Beginning with cryptocurrency, the two-part standard recognizes the impact this nascent industry is having and how it will affect tax revenue in different nations. Story continues CARF has three main components: Rules for collecting relevant tax information such as the scope of assets and entities transacting them; a new multilateral authority for enforcing these rules; and an electronic format (XML) for exchanging information among authorities. The second part of the report showcases amendments to the CRS. Interestingly, it includes a section on Central Bank Digital Currencies ( CBDCs ), which may have tax compliance requirements. It also adds the term “Specified Electronic Money Product,” which covers digital representations of a fiat currency. US Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman The OECD highlights key points for entities and individuals that are using cryptocurrency today and how they need to be monitored and properly taxed. It correctly identifies certain elements such as wallets and exchanges, distributed ledger technology ( DLT ), and derivatives based on crypto assets. Although it is difficult to imagine how they will enforce this framework, aside from death, one thing is for certain: they want to tax you.', 'The crypto industry is getting its very own tax framework.\nThe Organization for Economic Cooperation and Development (OECD) has rolled out anew tax standardfor cryptocurrencies along with a set of amendments to the already existing common reporting standard.\nTheOECDis an international organization aimed at creating standards for issues such as climate change, taxation, education, and jobs. Although none of these standards are compulsory, they act as guidelines for regulators on domestic and international policies.\nNo, MetaMask Will Not Withhold Your Crypto for Taxes\nA framework for exchanging tax information among countries already exists, but the Crypto-Asset Reporting Framework (CARF) is aimed specifically at cryptocurrencies.\nSpecifically, it looks to reduce theevasionthat might be done through these technologies.\nThe new set of rules also makes changes to the Common Reporting Standard (CRS) which was designed to promote tax transparency with respect to financial accounts held abroad. The CRS was approved in 2014.\n“Our new international tax transparency standards aim to further strengthening efforts to tackle tax evasion in a digitalized & globalized world economy,”tweetedMathias Cormann, Secretary General of the OECD on Thursday.\nBeginning with cryptocurrency, thetwo-part standardrecognizes the impact this nascent industry is having and how it will affect tax revenue in different nations.\nCARF has three main components: Rules for collecting relevant tax information such as the scope of assets and entities transacting them; a new multilateral authority for enforcing these rules; and an electronic format (XML) for exchanging information among authorities.\nThe second part of the report showcases amendments to the CRS. Interestingly, it includes a section on Central Bank Digital Currencies (CBDCs), which may have tax compliance requirements. It also adds the term “Specified Electronic Money Product,” which covers digital representations of a fiat currency.\nUS Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman\nThe OECD highlights key points for entities and individuals that are using cryptocurrency today and how they need to be monitored and properly taxed. It correctly identifies certain elements such aswalletsand exchanges, distributed ledger technology (DLT), and derivatives based on crypto assets.\nAlthough it is difficult to imagine how they will enforce this framework, aside from death, one thing is for certain: they want to tax you.', 'Illustration by Mitchell Preffer for Decrypt. Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binance on Monday , followed by Coinbase the next day—both sued for allegedly operating as unregistered securities exchanges. The pair are the two largest crypto exchanges in the world—and the entire industry took notice. Market leaders Bitcoin (BTC) and Ethereum (ETH) sustained among the lighter losses among leading coins. Bitcoin depreciated by nearly 6% over the seven days to trade at $25,624 on Saturday. Ethereum fell 8.5% over the same period and currently changes hands at around $1,738. Binance’s native BNB coin crashed 23% over the week to hit $236. Huge losses of over 30% were felt by holders of Cardano (ADA), Solana (SOL), and Polygon (MATIC). These three cryptocurrencies were all cited as securities in the SEC’s lawsuit against Binance. Leading cryptocurrencies that lost between 20% to 30% of their value this week include Litecoin (LTC), Avalanche (AVAX), Shiba Inu (SHIB), Uniswap (UNI), Chainlink (LINK), and Cosmus Hub (ATOM). Every unbacked cryptocurrency in the top thirty by market capitalization depreciated in value this week. What’s the Difference Between the Binance and Coinbase SEC Lawsuits? Crypto giants under fire Binance immediately responded to the SEC’s lawsuit by calling the regulator “unreasonable” and claiming it is “disheartened” by the agency’s use of “ blunt weapons of enforcement .” The response of the entire market followed that day, plummeting 3.6% overnight and, in a foreboding note, Coinbase’s stock price also tumbled on news of Binance’s woes and continued to tumble when the Coinbase lawsuit hit the press the next day. Later on Tuesday, SEC Chairman Gary Gensler said that the crypto industry’s entire business model is “ built on non-compliance ” and in a damning CNBC interview, said: “We don’t need more digital currency.” A multi-state task force comprising California , Illinois , Kentucky , Maryland , New Jersey , South Carolina, Vermont, Washington, Wisconsin along with Alabama jointly filed charges against Coinbase that same day for violating securities laws through its staking service, repeating one of the SEC’s allegations against the exchange. Story continues Coinbase Plans to Fight SEC Lawsuit, Carry On With \'Business as Usual\' Coinbase’s chief legal officer Paul Grewal was in DC to speak at a hearing on the Digital Asset Market Structure Discussion Draft when news broke of the enforcement action. He strayed briefly from his prepared remarks and called the lawsuit “disappointing, but not surprising” and said Coinbase would continue “ business as usual ." He also accused the agency of a “reliance on enforcement-only approach” and called for Congress to adopt a draft bill laying out a regulatory framework around cryptocurrency transactions. It was a remarkably busy day at the SEC on Tuesday. In addition to the Coinbase lawsuit and Gensler’s CNBC appearance, the leading U.S. securities regulator also filed an emergency motion that day requesting court permission to seize Binance.US’s assets . US Court Gives SEC One Week to Respond to Coinbase’s Rulemaking Petition The U.S. Court of Appeals for the Third Circuit must have appreciated the urgency this week, because on Wednesday it finally responded to a public petition Coinbase had filed to the SEC way back in July, asking it to clarify its rules on which digital assets constitute securities offerings. The court gave the SEC seven days to clarify its position. That same day, the SEC filed court documents alleging billions of dollars of Binance-related funds routinely flowed through Signature Bank and Silvergate Bank for years. The regulator further alleges that Binance entities commingled funds and funneled them to a Paxos affiliate through accounts held by Merit Peak, an entity controlled by Changpeng Zhao that is described as an over-the-counter trading desk and a proprietary trader of digital assets. Also that day, Binance.US pulled over forty trading pairs , the bulk of them including Tether’s dollar-pegged stablecoin USDT, which has previously been the subject of scrutiny over the nature of the assets backing it up. On Friday, the exchange transitioned to “ crypto-only ” operations, suspending U.S. Dollar deposits and withdrawals. But the plot really thickened when it came to light that arch-nemeses Gary Gensler and Changpeng Zhao have a history .', 'Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binanceon Monday, followed byCoinbasethe next day—both sued for allegedly operating as unregistered securities exchanges. The pair are the two largest crypto exchanges in the world—and the entire industry took notice.\nMarket leaders Bitcoin (BTC) and Ethereum (ETH) sustained among the lighter losses among leading coins. Bitcoin depreciated by nearly 6% over the seven days to trade at $25,624 on Saturday. Ethereum fell 8.5% over the same period and currently changes hands at around $1,738.\nBinance’s native BNB coin crashed 23% over the week to hit $236.\nHuge losses of over 30% were felt by holders of Cardano (ADA), Solana (SOL), and Polygon (MATIC). These three cryptocurrencies were allcited as securitiesin the SEC’s lawsuit against Binance.\nLeading cryptocurrencies that lost between 20% to 30% of their value this week include Litecoin (LTC), Avalanche (AVAX), Shiba Inu (SHIB), Uniswap (UNI), Chainlink (LINK), and Cosmus Hub (ATOM).\nEvery unbacked cryptocurrency in the top thirty by market capitalization depreciated in value this week.\nWhat’s the Difference Between the Binance and Coinbase SEC Lawsuits?\nBinance immediately responded to the SEC’s lawsuit by calling the regulator “unreasonable” and claiming it is “disheartened” by the agency’s use of “blunt weapons of enforcement.”\nThe response of the entire market followed that day, plummeting3.6% overnightand, in a foreboding note, Coinbase’s stock pricealso tumbledon news of Binance’s woes and continued to tumble when the Coinbase lawsuit hit the press the next day.\nLater on Tuesday, SEC Chairman Gary Gensler said that the crypto industry’s entire business model is “built on non-compliance” and in a damningCNBCinterview, said: “We don’t need more digital currency.”\nA multi-state task force comprisingCalifornia,Illinois,Kentucky,Maryland,New Jersey, South Carolina, Vermont, Washington, Wisconsin along withAlabamajointlyfiled chargesagainst Coinbase that same day for violating securities laws through its staking service, repeating one of the SEC’s allegations against the exchange.\nCoinbase Plans to Fight SEC Lawsuit, Carry On With \'Business as Usual\'\nCoinbase’s chief legal officer Paul Grewal was in DC to speak at a hearing on the Digital Asset Market Structure Discussion Draft when news broke of the enforcement action. He strayed briefly from his prepared remarks and called the lawsuit “disappointing, but not surprising” and said Coinbase would continue “business as usual."\nHe also accused the agency of a “reliance on enforcement-only approach” and called for Congress to adopt a draft bill laying out a regulatory framework around cryptocurrency transactions.\nIt was a remarkably busy day at the SEC on Tuesday. In addition to the Coinbase lawsuit and Gensler’s CNBC appearance, the leading U.S. securities regulator also filed anemergency motionthat day requesting court permissionto seize Binance.US’s assets.\nUS Court Gives SEC One Week to Respond to Coinbase’s Rulemaking Petition\nThe U.S. Court of Appeals for the Third Circuit must have appreciated the urgency this week, because on Wednesday it finally responded to a public petition Coinbase had filed to the SEC way back in July, asking it to clarify its rules on which digital assets constitute securities offerings. The courtgave the SEC seven daysto clarify its position.\nThat same day, the SEC filed court documents alleging billions of dollars of Binance-related funds routinely flowed through Signature Bank and Silvergate Bank for years. The regulator further alleges that Binance entities commingled funds and funneled them to a Paxos affiliate through accounts held by Merit Peak, an entity controlled by Changpeng Zhao that is described as an over-the-counter trading desk and a proprietary trader of digital assets.\nAlso that day, Binance.USpulled over forty trading pairs, the bulk of them including Tether’s dollar-pegged stablecoin USDT, which has previously been the subject of scrutiny over the nature of the assets backing it up. On Friday, the exchange transitioned to “crypto-only” operations, suspending U.S. Dollar deposits and withdrawals.\nBut the plot really thickened when it came to light that arch-nemeses Gary Gensler and Changpeng Zhaohave a history.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $495,968,543,400 - Hash Rate: 392218411.0764248 - Transaction Count: 365369.0 - Unique Addresses: 643676.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Kyle White agrees to his second entrepreneurial exit after Interstellar Digital acquisition Miami, FL, May 16, 2023 (GLOBE NEWSWIRE) -- Interstellar Digital LLP, a leading venture marketing agency founded by Kyle White and Maria Lobanova, has been acquired in full by new LLC, to focus more on public relations, branding, and communication for an undisclosed sum. The acquisition will create Interstellar Digital LLC based in Miami that will offer a full range of digital services to clients across various industries including blockchain technologies and non-fungible tokens. Interstellar Digital is led by Maria Lobanova who has a 10 plus year history delivering success to clients. Kyle White will remain on as a Partner Advisor with the new company, bringing his expertise and experience in scaling startups and structuring communication success. The acquisition makes this Kyle’s second successful exit from a startup he founded in his career. He is also a sought-after speaker, analyst, and author on blockchain topics having first utilized crypto in 2015. Kyle is an experienced venture marketing Advisor and M&A Executive for over 15 companies raising over $600 million in funding and worked on over $2 billion in acquisitions. “I’m thrilled to see Maria Lobanova and her team at Interstellar Digital LLC set up this new structure,” said White. “Maria is a visionary leader who shares my passion for creating impactful solutions for clients. Together, we delivered exceptional results and value helping Interstellardigital.io to continue to thrive under her leadership.” Maria Lobanova will continue on as the CEO of the Interstellar Digital LLP public relations agency. In addition to Interstellar Digital, she is a contributor to top media outlets including Bitcoin Magazine, HackerNoon, and GQ. Maria started in the crypto industry in 2016 meeting with Vitalik Buterin in Moscow early on in her career. Maria has organized tier one crypto events like Cryptospace Moscow with top industry leaders including the CGO of Binance, the CEO of eToro, and CEO of Metaverse. During CryptoRunway at Art Basel in Miami she spoke on the panel with the CEO of Rarible and the CEO of Doodles. Maria organized the Crypto Gala in Miami sponsored by Polygon, Securitize and other notable companies as well as the Gam3r’s Choice Awards. “I’m delighted to have acquired Interstellar Digital LLP in full,” said Lobanova. “Kyle is a blockchain legend who has built an impressive portfolio of clients and projects over the years. His expertise and insights will continue to be invaluable to Interstellar Digital.” Interstellar Digital LLC will operate in Miami but continue to have a global presence. The company will continue to offer its signature services such as public relations, communications, influencer marketing, social media management, community management, and event planning. Interstellar Digital LLC offers a full range of digital marketing services to clients across various industries like web3, blockchain, AI, and high tech. The company was formed by the acquisition of Interstellar Digital Partnership by Maria Lobanova. The acquisition of Interstellar LLP marks Kyle White’s second successful entrepreneurial exit and he will remain as a Partner advisor with the new company. For more information, visit interstellardigital.io or follow @interstellardigitalpr on Instagram. Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Media Contact : Contact : Maria Lobanova Email : [email protected] Location : Miami, FL Source: Interstellar Digital... - Reddit Posts (Sample): [['u/greenglobones', 'Ignorant question: What would incentivize miners 50-100+ years from now to continue mining Bitcoin to maintain the network as block rewards become less profitable through the halvening?', 41, '2023-06-10 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/', 'Would people continue mining or attempting to maintain the Bitcoin network through mining in 50-100+ years from now? I suppose that as mining becomes less profitable with block rewards decreasing, what will incentivize the miners in the future?\n\nI suppose that as the price of Bitcoin increases, rewards will still be more profitable since ~6btc/block now would be less profitable than ~3btc/block at a point in the future with the value of 1btc presumed to be higher at that future point. But if BTC does ever find a ceiling, what would the incentive be to continue maintaining the network if 100+ years from now, rewards have been halved so much?', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/', '145icdf', [['u/Baecchus', 29, '2023-06-10 00:17', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl656w/', "The idea is that Bitcoin's price increase will be able to keep up with decreased rewards.\n\nWill it play out that way? We don't know. That's all there is really.", '145icdf'], ['u/Calm-Cartographer677', 11, '2023-06-10 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl6awu/', 'Mining operations will likely continue to become more efficient over time which will reduce costs and partially offset the reducing block reward.', '145icdf'], ['u/djmoblei', 40, '2023-06-10 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl6ri3/', 'Fees.', '145icdf'], ['u/EggplantsLover', 20, '2023-06-10 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnl6ye3/', "Because Bitcoin miners are nice, not-greedy people who don't care about profits and would happily take a loss for the good of the community /s", '145icdf'], ['u/Baecchus', 10, '2023-06-10 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145icdf/ignorant_question_what_would_incentivize_miners/jnla8gn/', 'Ordinals have entered the chat', '145icdf']]], ['u/BashCo', "On June 12th, r/Bitcoin will go dark for 48 hours in protest of Reddit's API changes that will kill 3rd party apps.", 970, '2023-06-10 00:10', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/', 'Additional reading:\n\nhttps://www.reddit.com/r/Save3rdPartyApps/comments/13yh0jf/dont_let_reddit_kill_3rd_party_apps/\n\nhttps://www.reddit.com/r/redditdev/comments/144l86y/takeaways_and_recommendations_after_api_meeting/\n\nhttps://www.reddit.com/r/apolloapp/comments/144f6xm/apollo_will_close_down_on_june_30th_reddits/\n\nhttps://www.reddit.com/r/redditisfun/comments/144gmfq/rif_will_shut_down_on_june_30_2023_in_response_to/\n\nhttps://www.reddit.com/r/reddit/comments/145bram/addressing_the_community_about_changes_to_our_api/', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/', '145iff8', [['u/TheRealestLarryDavid', 26, '2023-06-10 00:12', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnl5jqq/', 'with you bud. after the outrageous AMA today I imagine this blackout will last indefinitely for a lot of subs', '145iff8'], ['u/GimmeFunkyButtLoving', 10, '2023-06-10 00:43', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnl9igj/', 'NOSTR fixes this', '145iff8'], ['u/Korberos', 35, '2023-06-10 00:56', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlb5ot/', "Hell yeah. Don't forget to post on [this thread](https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/) so you guys get added to the list.", '145iff8'], ['u/Fiach_Dubh', 11, '2023-06-10 01:25', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnley9o/', 'and my axe.\n\nr/bitcoinca will be joining this protest as well', '145iff8'], ['u/BashCo', 23, '2023-06-10 01:52', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnliaq3/', '[Done](https://www.reddit.com/r/ModCoord/comments/1401qw5/incomplete_and_growing_list_of_participating/jnlbv2d/)', '145iff8'], ['u/knuF', 13, '2023-06-10 01:56', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnliqp3/', 'So we going Nostr or what?', '145iff8'], ['u/LNCrizzo', 102, '2023-06-10 02:11', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlkkst/', 'See you all on nostr.', '145iff8'], ['u/18476', 81, '2023-06-10 02:19', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnllnv3/', "Two days? Yea, that'll teachem.", '145iff8'], ['u/Autism0600', 26, '2023-06-10 03:28', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlu2vi/', "I don't see what the point of taking 2 days off is going to do. We all know about this. No one likes it. They aren't changing their minds and going dark for a weekend isn't going to break their business. \n\nGo dark for a month or a quarter so they actually feel it. Promote alternatives. Even consider deleting the sub entirely. \n\nThey need to see their new move as less profitable than alternatives. Most businesses can handle two days without revenue. Especially a VC driven industry like tech. The only real threat is migration and deletion. Everything else they can just ignore.", '145iff8'], ['u/mrASSMAN', 14, '2023-06-10 03:46', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlw87y/', 'Make it a week', '145iff8'], ['u/Korberos', 11, '2023-06-10 03:48', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlwf40/', 'Over 3500 subreddits are part of it, so apparently a lot of people other than you.', '145iff8'], ['u/BashCo', 21, '2023-06-10 03:50', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnlwnga/', "I think most mods acknowledge that reddit admins aren't going to change course. But in my opinion it's about applying pressure to admins for the absolute shit job they've been doing managing this site over the past several years. Shitting on devs and communities that have helped make this site what it is (for better or worse) is just adding insult to injury.", '145iff8'], ['u/LNCrizzo', 16, '2023-06-10 06:36', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnmew2n/', 'Censorship resistant social media not controlled by a greedy corporation. r/nostr for more info or download Damus for iPhone or Amethyst for Android and jump right in. No KYC to participate either.', '145iff8'], ['u/LNCrizzo', 12, '2023-06-10 08:39', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnmp4xg/', 'The best clients right now are like Twitter, but the protocol is flexible and someone is working on a Reddit clone zapddit.com', '145iff8'], ['u/LNCrizzo', 13, '2023-06-10 09:36', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnmtd3x/', "It's an open source protocol that anyone can build on top of. There is no way for one entity to monopolize the entire thing, so people will always have a choice in how they want to interact with the network. The identity you create (you public/private key pair) is portable and you can take it with you to any client (app) without having to start a new profile from scratch.", '145iff8'], ['u/3D-LASERWOLF', 15, '2023-06-10 11:43', 'https://www.reddit.com/r/Bitcoin/comments/145iff8/on_june_12th_rbitcoin_will_go_dark_for_48_hours/jnn2bov/', 'Then do it indefinitely', '145iff8']]], ['u/lilpoostain200', 'Would You Buy An Unprofitable Business Sitting on Tons of Cash?', 14, '2023-06-10 01:04', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/', 'I recently came across $EBON, which is a Chinese crypto and blockchain technology company sitting on $250 million dollars of cash with relatively 0 debt or other liabilities and a market cap of $46 million. 90% of revenue had come from Bitcoin mining and net income has been negative for several years. I believe the company will most likely stay unprofitable but are they still undervalued given how much cash they have? I think the company is in a really interesting situation and look forward to watching what happens to the stock price over the next few years.', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/', '145jqm9', [['u/AleIrurzun', 33, '2023-06-10 01:24', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnletix/', 'Seems like they have no viable business model at all. All that cash was gained raising capital', '145jqm9'], ['u/whiskeyinthejaar', 47, '2023-06-10 01:29', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnlfd1t/', 'When you dance with the pigs, you will smell like shit.', '145jqm9'], ['u/RotoHack', 10, '2023-06-10 02:02', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnljgk2/', 'You should watch China hustle. And then read the alibaba prospectus. Then decide if you want to invest in ANY Chinese company.\n\nAs a foreign investor you have no right to any of that cash or any future cash flows. You own bullshit.\n\nAnd to answer your original question it depends on the future outlook of the company. But given that it is a Chinese "blockchain" company, run away from it as fast as you can.', '145jqm9'], ['u/trader_dennis', 31, '2023-06-10 04:29', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnm1akh/', 'Do you really trust the auditors? I’d avoid a Chinese penny stock.', '145jqm9'], ['u/cantstopwontstopGME', 14, '2023-06-10 04:43', 'https://www.reddit.com/r/ValueInvesting/comments/145jqm9/would_you_buy_an_unprofitable_business_sitting_on/jnm2yrh/', '“I came across a Chinese company…..”\n\n“They have $250 million in cash….” \n\n\nNo they do not. The Chinese government has $250mil invested with them and can take it all back at any time, leaving you with less than the value of the crypto mining operation you invested in.', '145jqm9']]], ['u/imod87', 'Navigating the Regulatory Landscape Towards a Decentralized Future', 29, '2023-06-10 01:22', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/', 'Why Algorand Should Comply with Regulations\n\nHi there 👋 \n\nA lot has happened lately and I would like to consider the possibility, in my humble means, for Algorand to accept (at least in the U.S) in its current state the classification as a security with intention to transition, while in compliance, into a commodity - taking the long and hard road so to say. I know this is surely not in the cyberpunk fashion blockchain started with, but it surely also is not the personality trait Algorand is all about. Algorand is not an usurper who unlawfully seizes or takes control of a position of power, typically through force or illegal means, without having a legitimate claim or right to that position - it is neither BTC, nor XMR, in philosophy. In fact, Algorand aims to be a legitimate and rightful public blockchain for the many, a blockchain who obtains and holds a position of power or authority in a legal and lawful manner, It aims to come to power through legitimate, democratic means while following the established legal process. Unlike a usurper, a legitimate ruler is recognized and accepted as the rightful occupant of the position they hold, and The Algorand Foundation plays a pivotal role in helping the blockchain to become this decentralised, self-sovereign agent in the future.\n\nAt the end of the day we want to integrate with the system to improve upon it. We do not want to be another crypto-casino - we do not want another Yieldly or malicious VCs to pump and dump on us (and the Foundation) over and over - let them play somewhere else. Like Bitcoin did for itself when it took distance from the word "Crypto", so should we strive to legitimate our tech and convictions, and overcome the repeating gold-rush swings made possible and advertised mostly by malicious agents, to build and enable something of value on great and lasting foundations. I strongly believe Algorand has the best tools (and people) to face what is coming down the road in the not so distant future, and I want to see us succeed. \n\nCompliance with regulations is not just about avoiding legal repercussions. It\'s about building trust and credibility in the market. Algorand, as a blockchain platform, should comply with regulations to ensure its long-term sustainability and growth. Compliance will help Algorand attract more users and serious investors who are wary of the regulatory risks associated with cryptocurrencies. By complying with regulations, Algorand could gain a significant competitive edge in the market.\n\nMoreover, the U.S. Department of the Treasury\'s Illicit Finance Risk Assessment of Decentralized Finance report emphasizes the need for blockchain platforms to mitigate illicit finance risks. By adhering to regulations, Algorand can demonstrate its commitment, thereby enhancing its reputation and trustworthiness in the eyes of users and regulators alike.\n\nThe Role of the Algorand Foundation\n\nThe Algorand Foundation is instrumental in guiding Algorand towards its goal of becoming a decentralized, self-sovereign agent. The Foundation\'s role includes promoting the use of the Algorand protocol, supporting research and development, and providing guidance on regulatory compliance. The Foundation can help Algorand navigate the regulatory landscape and ensure that it complies with all relevant laws and regulations.\n\nThe Algorand Foundation\'s mission is to promote the long-term success of the Algorand protocol and ecosystem. By guiding Algorand\'s transition from a security to a commodity, the Foundation can help the platform achieve its goal of becoming a public good.\n\nAlgorand\'s Strategy for Regulatory Compliance\n\nAlgorand should adopt a proactive approach to regulatory compliance. This involves closely monitoring regulatory developments, engaging with regulators, and implementing robust compliance procedures. Algorand should also consider its current status as a security and work towards becoming sufficiently decentralized (something Woods also admitted needs further work) to be regarded as a public good (commodity) in the future.\n\nThe SEC\'s arguments and actions against other cryptocurrencies provide valuable insights for Algorand. For instance, the SEC\'s report on The DAO concluded that its tokens were securities, highlighting the (current) importance of the Howey Test in determining whether a digital asset is a security. By understanding and applying the Howey Test, Algorand can assess its current status and take necessary steps to transition from a security to a commodity.\n\nAlgorand\'s Advantage Over Other Blockchains\n\nAlgorand has several advantages that make it well-positioned to achieve its goal of becoming a decentralized, self-sovereign agent. First, Algorand\'s consensus mechanism, Pure Proof-of-Stake (PPoS), ensures that all users have a say in the network\'s governance, promoting decentralization. Second, Algorand\'s design philosophy emphasizes security and scalability, making it a reliable platform for building decentralized applications. Third, Algorand\'s commitment to regulatory compliance sets it apart from many other blockchain platforms that have taken a more adversarial approach to regulation.\n\nAlgorand\'s unique architecture also enables it to provide solutions to some of the challenges facing the crypto industry. For instance, Algorand\'s ability to enable the creation of complex multi-party transactions, such as group payments and circular trades, can revolutionise the financial industry by enabling more efficient and secure transactions.\n\nRegulatory Compliance: The SEC\'s Perspective\n\nThe SEC\'s arguments for regulating cryptocurrencies are primarily centered around protecting investors and maintaining fair and efficient markets. The SEC has made it clear that it considers many cryptocurrencies, particularly Initial Coin Offerings (ICOs), to be securities and therefore subject to federal securities laws. This was highlighted in the SEC\'s report on The DAO.\n\nThe SEC\'s enforcement actions against non-compliant entities further underscore the importance of regulatory compliance. For instance, the SEC\'s Crypto Assets and Cyber Enforcement Action initiative aims to crack down on illicit activities involving digital assets. By complying with SEC regulations, Algorand can avoid enforcement actions and potential legal repercussions.\n\nMoreover, the SEC\'s focus on mitigating illicit finance risks aligns with Algorand\'s commitment to promoting a safe and secure platform. The U.S. Department of the Treasury\'s Illicit Finance Risk Assessment of Decentralized Finance report emphasizes the need for blockchain platforms to implement robust measures to prevent illicit activities. By adhering to these measures, Algorand can demonstrate its commitment to mitigating illicit finance risks and enhancing its credibility in the eyes of regulators.\n\nAlgorand\'s Path to Regulatory Compliance\n\nAlgorand\'s path to regulatory compliance involves understanding and adhering to the SEC\'s regulations. This includes assessing its current status as a security and taking necessary steps to transition to a commodity. Algorand can leverage its unique features, such as its consensus mechanism and design philosophy, to demonstrate its commitment to decentralization and security, which are key factors in the SEC\'s assessment of whether a digital asset is a security.\n\nAlgorand should also engage with regulators and seek their guidance in navigating the regulatory landscape. This proactive approach to regulatory compliance can help Algorand avoid potential legal pitfalls and build a strong relationship with regulators. \n\n\n1. Adherence to Regulatory Compliance: Algorand must ensure strict adherence to regulatory compliance. This includes Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. As per the U.S. Department of the Treasury\'s report, DeFi services often do not implement AML/CFT controls, which allows for instantaneous and pseudonymous transactions. Algorand must ensure that it has robust AML/CFT controls in place to prevent illicit activities.\n2. Decentralization and Security: Algorand\'s Pure Proof-of-Stake (PPoS) consensus mechanism, which ensures equal representation (one ALGO, one vote), can contribute to its path towards becoming a commodity. This mechanism prevents the plutarchic rule of the minority and makes majority attacks uneconomic. It also ensures a high level of decentralization, which is a key requirement for a commodity in the crypto space.\n3. Integration with Traditional Finance (TradFi): Algorand\'s ability to integrate with traditional finance can also contribute to its path towards becoming a commodity. The platform can enable the decentralization of credit rating, increase capital efficiency, and even allow small sovereign nations to issue debt or Central Bank Digital Currencies (CBDCs) on-chain. This integration with TradFi can help Algorand gain wider acceptance and usage.\n4. Innovation and Development of Compliance Solutions: Algorand should also focus on the development of innovative compliance solutions. These could include digital identity technology for identity verification, zero-knowledge proofs for privacy preservation, and smart contract code integrations for risk mitigation. These solutions can help Algorand comply with regulatory requirements while also maintaining user privacy and security.\n5. Engagement with Regulators and the Private Sector: Algorand should actively engage with regulators and the private sector to ensure that its services are in line with current and future regulations. This engagement can also help Algorand understand and address potential illicit finance risks before they arise.\n6. Transparency and Public Engagement: Algorand should maintain a high level of transparency and engage with the public to build trust. This includes being open about its operations, its compliance with regulations, and its plans for the future. \n\n\nThx', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/', '145k58c', [['u/cysec_', 15, '2023-06-10 01:38', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/jnlggkm/', "Historically, has there ever been a case in the US where a security became a commodity?\n\nApart from that, crypto (in the US) would be as good as dead if it really ended up being declared a security. Algos would have to be held at an SEC registered and selected broker (no idea how the path to decentralization would happen in this case), trading would have to happen at selected centralized SEC registered exchanges, DeFi would be as good as dead because you wouldn't know who you were trading with (no way the rest of the world would do KYC) and so on", '145k58c'], ['u/Garywontwin', 12, '2023-06-10 03:43', 'https://www.reddit.com/r/AlgorandOfficial/comments/145k58c/navigating_the_regulatory_landscape_towards_a/jnlvvi3/', "There is no regulation that Algorand can follow. Some in the US government are trying to get rid of crypto completely they are starting by trying to take down the exchanges. Which tokens they call securities doesn't matter.\n\nCoinbase has been trying to get regulatory clarity for years\n They even sued the SEC to get it a judge agreed with Coinbase and the SEC hasn't responded.", '145k58c']]], ['u/TheteanHighCommand', 'How do countdown clocks tell where a train is going?', 10, '2023-06-10 04:00', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/', 'I just thought about this today when I saw "W 96th St" at Cortlandt, but how do countdown clocks tell where a train is going, when it\'s an Old Technology Train, without CBTC, and during a G.O.? Were the trains fitted with some extra sensors to tell the stations which terminal it\'s going to or is it put into the system manually?', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/', '145njtc', [['u/Sals_Pizzeria', 12, '2023-06-10 04:54', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/jnm4b21/', "They are powered by energy from the foamers who swarm stations to get footage of the G.O in progress. When the foamers screech and run around frantically, they send out waves that change the countdown clocks to show the destination of a rerouted train.\n\nOr... maybe... there's a better explanation that someone else can give.", '145njtc'], ['u/snow-tree_art', 10, '2023-06-10 08:52', 'https://www.reddit.com/r/nycrail/comments/145njtc/how_do_countdown_clocks_tell_where_a_train_is/jnmq3ym/', 'The next train arrival data is constantly being generated from Bluetooth sensors and subway schedules. Creating a file for the countdown clocks (and website) that includes station ids for the entire system. It is then categorized into platforms based on the route, track, and direction from the file. Before being sent to the countdown clocks through the cloud.', '145njtc']]], ['u/wtfCraigwtf', 'Coingate.com disabled BCH payments', 34, '2023-06-10 04:25', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/', "BCH is disabled as a payment method for [coingate.com](https://coingate.com) transactions. Support pages don't mention it. Even if I hypothetically wanted to try using Lightning Notwork, the limit is 0.042 BTC, have fun getting the actual BTC with a $20 fee🙄 [https://support.coingate.com/hc/en-us/articles/4402506647314-What-is-the-Lightning-Network-limit-](https://support.coingate.com/hc/en-us/articles/4402506647314-What-is-the-Lightning-Network-limit-)", 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/', '145o225', [['u/doramas89', 23, '2023-06-10 04:29', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnm1b26/', 'I used to use their site for shopping via gift card codes, but stopped when they moved from requiring 1 confirmation to 3. Absolute nonsense. Take your business elsewhere.', '145o225'], ['u/wtfCraigwtf', 22, '2023-06-10 07:16', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnmig4p/', ">no idea why coingate has a max tx value limit on LN\n\nmaybe because there is no guarantee that your LN transaction will confirm? Or maybe they just don't want the support nightmare of some Maxi shrieking their head off...\n\n$1000 is the LIMIT, how about $20 to send $20? All of this bending over backwards just because Blockstream is trading in floppy disks? I'll pass.", '145o225'], ['u/chainxor', 18, '2023-06-10 10:19', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnmwd1n/', 'Coinsbee supports BCH. \n\nEdit: Coingate will re-enable BCH in a few days. Just got the message. They are not idiots, they know people (except for maxis) hate using BTC because of the fees or the clunkyness of LN.', '145o225'], ['u/ThomasZander', 10, '2023-06-10 20:29', 'https://www.reddit.com/r/btc/comments/145o225/coingatecom_disabled_bch_payments/jnoq96v/', "> So what's the point in crypto in this case?\n\npayment processor does NOT imply conversion to fiat. Its possible, but not required. At which point a payment processor is just a great provider of value.", '145o225']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, June 10, 2023', 24, '2023-06-10 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/', '145pwct', [['u/delgrey', 13, '2023-06-10 06:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmdvw2/', 'The alt-reckoning begins.', '145pwct'], ['u/RetardIdiotTrader', 12, '2023-06-10 06:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmeb69/', 'LOL gg crypto', '145pwct'], ['u/RetardIdiotTrader', 12, '2023-06-10 06:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmeonb/', 'Fuck this market', '145pwct'], ['u/NLNico', 20, '2023-06-10 06:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmewgy/', 'BTC still holding up.. bloodbath for most altcoins though.\n\nedit: to be clear, I mean -2% is better than -20% in 1 hour :x', '145pwct'], ['u/Shark_mark', 16, '2023-06-10 06:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmfyhp/', 'Ohhh fuck off.', '145pwct'], ['u/Ne0nbeams', 10, '2023-06-10 07:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnml9gx/', 'Sold most of my remaining coin 2 because i figure if the same kinda shit hits the ERC-20 altcoins, I’d rather not be holding any coin 2 in a bear market, if we flip bull the bigger moves will lag behind BTC anyway. Limit order at 23,9xx set. Looks like a decent entry looking at the 1D over the last year.', '145pwct'], ['u/noeeel', 23, '2023-06-10 08:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmov3h/', 'Highest BTC dominance since 2 years (April 2021).', '145pwct'], ['u/Alywan', 11, '2023-06-10 08:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmp6ds/', 'Room for much more', '145pwct'], ['u/marsh2907', 13, '2023-06-10 09:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmutgn/', 'So are weekends only fake when the price moves up? Buying more this morning.', '145pwct'], ['u/Magikarpeles', 19, '2023-06-10 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnmzf1q/', 'Exclusively looking at the weekly chart is so much better for my well-being. Still just a regular red candle, no real drama', '145pwct'], ['u/PatientlyWaitingfy', 24, '2023-06-10 13:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnna1ae/', "Let's see, still in bear market? Check. Price at 25k? Check. Two times the price of last bear market average price of 10k? Check.\n\nDoing good.", '145pwct'], ['u/Westbrook_Level', 35, '2023-06-10 15:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnnkhar/', "Bought back in everything I sold on [May 30](https://www.reddit.com/r/BitcoinMarkets/comments/13vfver/daily_discussion_tuesday_may_30_2023/jm877q3/). Don't want to get greedy. Funds all arrived at the new custodian. Everything went better than expected. This will be my one trade of the year prior to the bull run. Nice increase in my net worth on this one. Fully expect the price to go down more but I don't know that for sure, so time to buy. \n\nhttps://www.tradingview.com/x/UV9aBEpk/\n\nNot sure how much longer I'll be around. Getting about that time to delete my account again for general digital hygiene and safety. And Reddit management is making me not feel great about continuing to use the website. Wish there was something new out there we could go to. Crypto has done me so well and changed my life, for that I am thankful and Reddit taught me so much about it. I wish you guys a lot of luck in the bull run. Keep buying. Keep trading out [soft money](https://fred.stlouisfed.org/series/BOGMBASE) for [hard money](https://bitcoin.org/bitcoin.pdf).", '145pwct'], ['u/AccidentalArbitrage', 16, '2023-06-10 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnntzea/', '>Lowest levels since march\n\nWe are at the lowest levels since June 6th.', '145pwct'], ['u/dopeboyrico', 23, '2023-06-10 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jno0yie/', '[Binance terms of service](https://www.binance.com/en/terms) update:\n\n> Binance has the exclusive authority to determine which Digital Assets are listed on the platform and may add or remove Digital Assets from the platform in its sole discretion, from time to time. If Digital Assets that are no longer listed on the platform remain in your Binance Account beyond a specified period, Binance may in its discretion convert such Digital Assets to a different type of Digital Asset . Binance may also change the order size available for each Digital Asset. In respect of such additions, removals, conversions or amendments, Binance may, but is not obliged to, notify Users in advance and Binance shall have no liability to Users in connection with such additions, removals, conversions or amendments.\n\nWhole lot of delisted altcoins kept on Binance are about to get converted into BNB without people being notified.', '145pwct'], ['u/jarederaj', 11, '2023-06-10 17:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jno5664/', 'Is everyone enjoying their shitcoins?', '145pwct'], ['u/Motrok', 10, '2023-06-10 18:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jno6h0j/', 'I am not, thanks for asking', '145pwct'], ['u/NLNico', 16, '2023-06-10 20:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnoq5nc/', 'Well.. at least we have a bit of volatility.', '145pwct'], ['u/ChadRun04', 10, '2023-06-10 23:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnpid5q/', 'Bottom signal?\n\nWhat happened to calls for 12k?', '145pwct'], ['u/chrisgilesphoto', 11, '2023-06-10 23:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/145pwct/daily_discussion_saturday_june_10_2023/jnpimvm/', "I'm not selling until the next post halving bull run. I knew when I bought a few months ago things were potentially unstable so I accept this as is.", '145pwct']]], ['u/Beyonderr', 'Bitcoin dominance is breaking out and at its highest point in 2 years, as alts are breaking down - what is going on?!', 683, '2023-06-10 06:35', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/', "Bitcoin Dominance has been at the highs, approaching 50%. We just broke out of a range that we have been in since April 2021.\n\nhttps://preview.redd.it/gat49afec45b1.png?width=1857&format=png&auto=webp&v=enabled&s=e36f5e1955552351d3017e4c91fa52340cadc23d\n\nThis is because alts are getting absolutely massacred. In the last 24 hours:\n\n* BNB -9%\n* ADA -25%\n* Matic -27%\n* DOT -14%\n* Sol -25%\n* Link -15%\n* Atom -18%\n* Algo -19%\n\nA lot of these alts are hitting multi year lows. Algorand has even hit an all time low.\n\nThis absolutely insane. Meanwhile:\n\n* Bitcoin -2%\n* Ethereum -2%\n\nThere's a TON of liquidations:\n\n\n\nhttps://preview.redd.it/vraevvmbd45b1.png?width=1417&format=png&auto=webp&v=enabled&s=000686eeb607b1c7bb3940f026a53d4ca5f8c0c1\n\nWhat on earth is going on? This is an absolute massacre of my portfolio.\n\nTake a break from the screen if you need, please.", 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/', '145qjj1', [['u/Odlavso', 10, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf0df/', "I'm going to go full degen and sell some ETH to grab some of these cheap prices\n\nATOM at $7.75\n\nDOT is about to go under $4.00\n\nthe only thing holding me back is fear", '145qjj1'], ['u/searchingtruth1', 39, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf1cl/', 'Crazy Pepperonis...that was lightning fast! Its weird that I am numb to it...only regret is not having enough fiat to stock up. Blood in streets makes the big $...I am staying the course.', '145qjj1'], ['u/Kappatalizable', 28, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf2uv/', 'Alt season is over and theyre getting murdered holy shit', '145qjj1'], ['u/colonycom', 19, '2023-06-10 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf327/', "That's why 70% of my portfolio is BTC and ETH.", '145qjj1'], ['u/marsangelo', 137, '2023-06-10 06:39', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmf3pf/', 'Conveniently the 3 down the most were the ones delisted by Robinhood', '145qjj1'], ['u/MadManD3vi0us', 97, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfh55/', 'Look how they massacred my boy.', '145qjj1'], ['u/BoringRecognition', 84, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfie8/', 'I remember back in 2019/2020 or something when we had a flash crash of like 60%. If I remember correctly we had multiple of these. Keep calm carry on', '145qjj1'], ['u/MadManD3vi0us', 82, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfioh/', 'Robinhood was holding big bags', '145qjj1'], ['u/FeOxy', 61, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfitm/', 'Great and i put half of my paycheck yesterday , its brutal , time to forget about crypto for a long time', '145qjj1'], ['u/Playful_Print_7653', 754, '2023-06-10 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfiww/', 'At least it only happened to every coin in my portfolio.', '145qjj1'], ['u/Imaginary_Scratch_75', 146, '2023-06-10 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfmmj/', 'Back to fckn ramen!', '145qjj1'], ['u/Greenbriarbushwacker', 16, '2023-06-10 06:45', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfpt6/', 'I’ve stopped buying coffees everyday and always bring lunch to work. Just so I have money to invest during the bear', '145qjj1'], ['u/Onnimation', 79, '2023-06-10 06:46', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfqp0/', "Unless you're a gambler, BTC & ETH should always make up most of your portfolio. You can sleep better at night.", '145qjj1'], ['u/FattestLion', 51, '2023-06-10 06:47', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmftxd/', "I was already at Ramen before this. Now I'm switching to grass", '145qjj1'], ['u/Wileyking409', 26, '2023-06-10 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfx70/', 'Better to be 20% down than 99% down', '145qjj1'], ['u/Beyonderr', 11, '2023-06-10 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfxss/', "Same! Stopped drinking alcohol and buying coffees. \n\nThese are juicy prices. Never thought I'd get to buy my favorite projects so low.", '145qjj1'], ['u/Wileyking409', 79, '2023-06-10 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmfyjx/', "I'll have a nap for dinner", '145qjj1'], ['u/Elie0_0', 39, '2023-06-10 06:49', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg1w4/', "The only coin we're sure SEC won't deem a security is Bitcoin, just become a Bitcoin maxi lol", '145qjj1'], ['u/Aakarsh_K', 226, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg4zi/', 'BTC maxis are being born.', '145qjj1'], ['u/Beyonderr', 41, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg4zo/', 'I asked for a secure future but I think Gary Gensler misunderstood and by accident called every cryptocurrency in my portfolio a security.', '145qjj1'], ['u/Elie0_0', 10, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg699/', "That takes some talent to know every coin that they could've deemed a security, you should work for SEC", '145qjj1'], ['u/IncompetentSnail', 13, '2023-06-10 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg6mj/', ">I'm an ALGO fan boy\n\nYou.. you scare me..", '145qjj1'], ['u/Kennyvee98', 12, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg7g8/', 'Easy come, easy go', '145qjj1'], ['u/Beyonderr', 20, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg7j6/', 'A moment of silence for February 2023 - April 2023, the days when we could afford ramen (sometimes with an egg).', '145qjj1'], ['u/Elie0_0', 37, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg8a1/', "When did alt season ever begin, didn't even have that", '145qjj1'], ['u/poyoso', 16, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg902/', 'So glad I swapped all my Matic and Sol for BTC a couple of days ago.', '145qjj1'], ['u/joannew99', 44, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmg958/', 'ADA, SOL, MATIC legitimately fell -16% in like 10 minutes.', '145qjj1'], ['u/LeThaLxdARk', 13, '2023-06-10 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmga3j/', 'Sec is going on', '145qjj1'], ['u/Elie0_0', 21, '2023-06-10 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgjhu/', "For a long time, because I don't think these lawsuits will be over anytime soon, seeing how long Ripple vs SEC has been going on", '145qjj1'], ['u/rikbona', 31, '2023-06-10 06:55', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgkup/', '>what is going on?!\n\nThe industry is remembering us what is all about...\n\n...BTC, it has always been BTC.', '145qjj1'], ['u/dfreinc', 12, '2023-06-10 06:57', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgtpi/', "institutions.\n\nswear people are dumb. when crypto options became a thing. and then futures. alt coins were fucked. \n\ni have alt coins. i think they have utility that might outlast and i haven't sold them since well before 2017 and i will plead ignorance for tax purposes. because i don't know. and they don't fucking know either. \n\nbut if you think the whole crypto market hasn't already been regulated, you're regarded. all the people with all the money know all the people with all the money. and they just make more money.\n\nif you think they didn't buy the shit out of a dip retail was chomping at, you're just silly.", '145qjj1'], ['u/Odlavso', 12, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgxfg/', "r/fasting is the sub you're looking for. \n \nYou can go months with only water", '145qjj1'], ['u/cashpig000', 12, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgxku/', 'Gary targeting your whole strategy. Sorry for your loss..', '145qjj1'], ['u/Beyonderr', 46, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgxye/', '>Look how they massacred all of my boys.\n\nFixed that for you. I had 10 sons but they all got massacred.', '145qjj1'], ['u/ThatSpecialPlace', 12, '2023-06-10 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmgzjv/', "Well at least we aren't down -100% hahah amirite\n\n\n😳", '145qjj1'], ['u/SimbaTheWeasel', 11, '2023-06-10 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh3eo/', 'All alt seasons end in the birth of many Bitcoin maxis', '145qjj1'], ['u/GabeSter', 18, '2023-06-10 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh481/', "I was casually sitting on a Matic flip that was at a Dollar cost average of $.87. Could have sold it at $.94 a week or so ago. Now it's $.60", '145qjj1'], ['u/cashpig000', 21, '2023-06-10 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh66s/', 'Crypto is meant to be LONG term unless you wanna day trade.', '145qjj1'], ['u/Crytch', 12, '2023-06-10 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmh75s/', 'BTC maxism confirmed :)', '145qjj1'], ['u/-FLman', 17, '2023-06-10 07:04', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhdc0/', 'More like SEC dominance and Garys got a whip and assless chaps on.', '145qjj1'], ['u/DinoCoiner', 10, '2023-06-10 07:04', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhe2f/', "Good thing I wasn't holding any BTC.", '145qjj1'], ['u/-FLman', 398, '2023-06-10 07:04', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhek6/', 'Good thing you diversified.', '145qjj1'], ['u/SuperAppleLover', 12, '2023-06-10 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhgfz/', 'What if the SEC is buying the dip…', '145qjj1'], ['u/marsangelo', 12, '2023-06-10 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhhbp/', 'Yeah this feels like a Jump/Citadel/Robinhood market selling every alt they have on their books. BTC/ETH really shrugged it off', '145qjj1'], ['u/elysiansaurus', 16, '2023-06-10 07:09', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmhvfr/', 'Something definitely happened, we were basically stable/slight decline throughout the day, then boom cliff.', '145qjj1'], ['u/Latter_Box9967', 16, '2023-06-10 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmi8rg/', 'And that means you can put more in, and sleep soundly. \n\nAnd zoom out: even ETH is down against BTC since late 2017/early 2018. \n\n1. Buy bitcoin \n2. Go to the beach.\n\nIf that sounds boring it’s because it’s a sound investment, and it should be boring.', '145qjj1'], ['u/Josefumi12', 11, '2023-06-10 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmi9pa/', 'Altcoins will make us happy by showing their performance when the bull market returns and make us feel empty when it crashes again when the bear market is about to finish. This has happened over and over again during this cycle.', '145qjj1'], ['u/ChemicalGreek', 111, '2023-06-10 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmifpf/', 'BTC/ETH holders are bleeding less during these days to be honest 😅\n\nImagine if you are a ADA/SOL/MATIC holder now. These days are just brutal!', '145qjj1'], ['u/GabeSter', 21, '2023-06-10 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmigsb/', 'But only in Alts that are now securities. \n\n\n\n![gif](giphy\|aOPINgmqpVXNK)', '145qjj1'], ['u/ChemicalGreek', 10, '2023-06-10 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmihep/', 'Or air for dinner 😅', '145qjj1'], ['u/ChemicalGreek', 22, '2023-06-10 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmiirx/', 'Congratz on your new born! 😂', '145qjj1'], ['u/ChemicalGreek', 10, '2023-06-10 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmikmp/', 'The ice age is coming for some alt coins😅', '145qjj1'], ['u/Euphoric-Fly3563', 20, '2023-06-10 07:20', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmissw/', 'Knee jerk reaction to media’s doomsday warning about Crypto.', '145qjj1'], ['u/18476', 11, '2023-06-10 07:22', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmix5n/', 'Buying! None of this bs scares me.', '145qjj1'], ['u/InsaneMcFries', 10, '2023-06-10 07:24', 'https://www.reddit.com/r/CryptoCurrency/comments/145qjj1/bitcoin_dominance_is_breaking_out_and_at_its/jnmj3mk/', 'Which is pretty sad.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Louis Juricic and Sarina Isaacs Investing.com -- Here is your weekly Pro Recap on the biggest headlines out of a big earnings week for tech: reactions to Apple\'s Vision Pro launch; the SEC\'s lawsuit against Coinbase; GM\'s collaboration with Tesla; Amazon Prime\'s coming ad-supported tier; and Netflix\'s win on password-sharing crackdown. InvestingPro subscribers get tech headlines like these in real time. Never miss another market-moving alert . A lackluster response to Apple\'s Vision Pro Wall Street reacted with caution to Apple\'s (NASDAQ:AAPL) launch of its much-anticipated mixed reality headset, Vision Pro, which comes at a higher-than-expected price of $3,499. CFRA, for example, said Although we are impressed by its best-in-class hardware/immersive capabilities, we think AAPL failed to identify why it\'s a must-own device for consumers, at least for now. Still, the company\'s entry into the space and greater engagement from developers will help support adoption and new use cases over time. Goldman Sachs said it is encouraged by long-term growth prospects, "but expect near-term financial contributions to be limited" particularly given the high retail price point and media reports that it may be sold at breakeven. And BofA similarly said it expects that "adoption will take time." Apple shares initially sank on news of the launch but partially recovered, and ended the week down just 0.9%. The stock is up some 45% year to date. Coinbase sued by SEC Cryptocurrency exchange Coinbase (NASDAQ:COIN) took a dive early in the week after it was sued by the Securities and Exchange Commission (SEC) for an alleged breach of U.S. securities rules. “We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” said SEC Chair Gary Gensler in a press release. The exchange is accused of making billions of dollars “unlawfully facilitating the buying and selling of crypto asset securities.” Story continues BofA reiterated its Underperform rating on the stock and said, "[W]e think these latest developments illustrate ongoing regulatory headwinds, which not only could threaten part of [Coinbase]’s business model, but also represent a big management distraction." Meanwhile, Cathie Wood’s Ark Invest increased its stake in the company, as the stock hit near five-month lows. Wood has repeatedly expressed confidence in Coinbase and the broader crypto industry, and has cited a $1 million long-term price target for Bitcoin on the belief that it is an effective inflation hedge. Coinbase shares fell nearly 16% for the week, having lost ground Monday as well after the SEC sued Binance. It\'s still up nearly 60% for the year. General Motors to partake in Tesla\'s charging network General Motors (NYSE:GM) CEO Mary Barra confirmed this week that the company is preparing to integrate the North American Charging Standard (NACS) connector, designed by Tesla (NASDAQ:TSLA), into its EVs beginning in 2025. The announcement, made during a live meeting on Twitter Space with Tesla CEO Elon Musk, mirrors a similar revolution made late last month when neighboring rival Ford Motor (NYSE:F) also announced a collaboration with Musk\'s Tesla. These partnerships allow Ford and GM customers to access the extensive network of Tesla Superchargers. The next day, White House officials handed Tesla another win when they announced that the company’s Superchargers would be eligible to receive a portion of federal funds, amounting in the billions, so long as the chargers also included CCS connections. After the GM news, Wedbush raised its price target on Tesla to $300 from $215, reiterated its "Outperform" rating, and added the shares to the "Wedbush Best Ideas List." GM climbed more than 5% for the week to $36.23. Tesla was up 4% to $244.40, extending an over 117% gain year to date. Amazon to launch ad-supported Prime Video tier: report Amazon (NASDAQ:AMZN) plans to launch an advertising-supported tier of its Prime Video streaming services as part of a move to bolster growth from entertainment, the Wall Street Journal reported Wednesday, citing unnamed sources. Plans to launch an ad-supported tier for its Prime Video streaming service follow similar moves by rivals including Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS) as streaming platforms look for ways to support content spending amid an ongoing battle for dominance. Warner Bros Discovery (NASDAQ:WBD) and Paramount (NASDAQ:PARAA), meanwhile, are reportedly in talks with Amazon to add the ad-based tiers of their streaming services through Amazon’s Prime Video channels. Bank of America analysts believe the ad-supported tier makes sense for Prime Video. "Amazon’s user data, existing relationships with retail advertisers, and extensive ad sales teams provide a competitive advantage for monetizing ad-streaming. Also, tiering may enable Amazon to raise fees on ad-free Prime tiers, which would follow recent fee increases for various Prime and 3P services," it wrote in a client note. The analysts also expect Amazon to continue to lean into video content vs. pulling back in a bid to drive usage. Warner Discovery and Paramount closed the week up 18% and 5%, respectively, following the news. Amazon ended nearly breakeven for the week. Netflix scoops up new subscribers amid password-sharing crackdown Netflix climbed after The Wall Street Journal reported that the crackdown on password sharing in the U.S. delivered a new subscriber windfall in its earliest days. Citing data from Antenna, the WSJ said the streaming giant gained more new U.S. subscriptions between May 25 and May 28, not long after it notified users in the U.S. and other countries of the limits than in any other four-day period since Antenna commenced compiling the data in 2019. The jump in subscribers suggests Netflix’s decision to end password sharing is yielding results. The move to end password sharing means users who share an account outside the same home must pay an extra $7.99 a month to watch. In addition, the number of extra members customers could add to their account is limited, depending on the tier they pay for. Shares rose just under 5% for the week, with year-to-date gains totaling over 40%. Senad Karaahmetovic, Sam Boughedda, Ambar Warrick, and Michael Elkins contributed to this report. Jump on the biggest tech news for your portfolio amid a barrage of market headlines: Always be the first to know with InvestingPro . Related Articles This week in tech: A tepid response to Apple\'s Vision Pro; SEC vs. Coinbase Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.01% Investors rethink recession plays, boosting U.S. stock market laggards', 'By Louis Juricic and Sarina Isaacs\nInvesting.com -- Here is your weekly Pro Recap on the biggest headlines out of a big earnings week for tech: reactions to Apple\'s Vision Pro launch; the SEC\'s lawsuit against Coinbase; GM\'s collaboration with Tesla; Amazon Prime\'s coming ad-supported tier; and Netflix\'s win on password-sharing crackdown.\nInvestingProsubscribers get tech headlines like these in real time.Never miss another market-moving alert.\nWall Street reacted with caution to Apple\'s (NASDAQ:AAPL) launch of its much-anticipated mixed reality headset, Vision Pro, which comes at a higher-than-expected price of $3,499.\nCFRA, for example, said\nAlthough we are impressed by its best-in-class hardware/immersive capabilities, we think AAPL failed to identify why it\'s a must-own device for consumers, at least for now. Still, the company\'s entry into the space and greater engagement from developers will help support adoption and new use cases over time.\nGoldman Sachs said it is encouraged by long-term growth prospects, "but expect near-term financial contributions to be limited" particularly given the high retail price point and media reports that it may be sold at breakeven.\nAnd BofA similarly said it expects that "adoption will take time."\nApple shares initially sank on news of the launch but partially recovered, and ended the week down just 0.9%. The stock is up some 45% year to date.\nCryptocurrency exchange Coinbase (NASDAQ:COIN) took a dive early in the week after it was sued by the Securities and Exchange Commission (SEC) for an alleged breach of U.S. securities rules.\n“We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” said SEC Chair Gary Gensler in a press release.\nThe exchange is accused of making billions of dollars “unlawfully facilitating the buying and selling of crypto asset securities.”\nBofA reiterated its Underperform rating on the stock and said, "[W]e think these latest developments illustrate ongoing regulatory headwinds, which not only could threaten part of [Coinbase]’s business model, but also represent a big management distraction."\nMeanwhile, Cathie Wood’s Ark Invest increased its stake in the company, as the stock hit near five-month lows. Wood has repeatedly expressed confidence in Coinbase and the broader crypto industry, and has cited a $1 million long-term price target for Bitcoin on the belief that it is an effective inflation hedge.\nCoinbase shares fell nearly 16% for the week, having lost ground Monday as well after the SEC sued Binance. It\'s still up nearly 60% for the year.\nGeneral Motors (NYSE:GM) CEO Mary Barra confirmed this week that the company is preparing to integrate the North American Charging Standard (NACS) connector, designed by Tesla (NASDAQ:TSLA), into its EVs beginning in 2025.\nThe announcement, made during a live meeting on Twitter Space with Tesla CEO Elon Musk, mirrors a similar revolution made late last month when neighboring rival Ford Motor (NYSE:F) also announced a collaboration with Musk\'s Tesla.\nThese partnerships allow Ford and GM customers to access the extensive network of Tesla Superchargers.\nThe next day, White House officials handed Tesla another win when they announced that the company’s Superchargers would be eligible to receive a portion of federal funds, amounting in the billions, so long as the chargers also included CCS connections.\nAfter the GM news, Wedbush raised its price target on Tesla to $300 from $215, reiterated its "Outperform" rating, and added the shares to the "Wedbush Best Ideas List."\nGM climbed more than 5% for the week to $36.23. Tesla was up 4% to $244.40, extending an over 117% gain year to date.\nAmazon (NASDAQ:AMZN) plans to launch an advertising-supported tier of its Prime Video streaming services as part of a move to bolster growth from entertainment, the Wall Street Journal reported Wednesday, citing unnamed sources.\nPlans to launch an ad-supported tier for its Prime Video streaming service follow similar moves by rivals including Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS) as streaming platforms look for ways to support content spending amid an ongoing battle for dominance.\nWarner Bros Discovery (NASDAQ:WBD) and Paramount (NASDAQ:PARAA), meanwhile, are reportedly in talks with Amazon to add the ad-based tiers of their streaming services through Amazon’s Prime Video channels.\nBank of America analysts believe the ad-supported tier makes sense for Prime Video.\n"Amazon’s user data, existing relationships with retail advertisers, and extensive ad sales teams provide a competitive advantage for monetizing ad-streaming. Also, tiering may enable Amazon to raise fees on ad-free Prime tiers, which would follow recent fee increases for various Prime and 3P services," it wrote in a client note.\nThe analysts also expect Amazon to continue to lean into video content vs. pulling back in a bid to drive usage.\nWarner Discovery and Paramount closed the week up 18% and 5%, respectively, following the news. Amazon ended nearly breakeven for the week.\nNetflix climbed after The Wall Street Journal reported that the crackdown on password sharing in the U.S. delivered a new subscriber windfall in its earliest days.\nCiting data from Antenna, the WSJ said the streaming giant gained more new U.S. subscriptions between May 25 and May 28, not long after it notified users in the U.S. and other countries of the limits than in any other four-day period since Antenna commenced compiling the data in 2019.\nThe jump in subscribers suggests Netflix’s decision to end password sharing is yielding results.\nThe move to end password sharing means users who share an account outside the same home must pay an extra $7.99 a month to watch. In addition, the number of extra members customers could add to their account is limited, depending on the tier they pay for.\nShares rose just under 5% for the week, with year-to-date gains totaling over 40%.\nSenad Karaahmetovic, Sam Boughedda, Ambar Warrick, and Michael Elkins contributed to this report.\nJump on the biggest tech news for your portfolioamid a barrage of market headlines: Always be the first to know withInvestingPro.\nRelated Articles\nThis week in tech: A tepid response to Apple\'s Vision Pro; SEC vs. Coinbase\nSaudi Arabia stocks lower at close of trade; Tadawul All Share down 0.01%\nInvestors rethink recession plays, boosting U.S. stock market laggards', 'New York, NY --News Direct-- Finance News The cryptocurrency market finally collapsed under the extreme bearish conditions. After the US SEC sued Binance and Coinbase for illegal operation and sale of unregistered securities, major crypto tokens have plummeted over 20% in the span of a few hours. While SEC’s hawkish actions force crypto investors to dump their holdings, a few newly launched tokens continue to see surging interests. The Wall Street Memes token has remained unaffected by the bearishness in the crypto market due to the strength of its community. Similarly, the yPredict and Ecoterra tokens continue to surge throough their presales, indicating potential to outperform the wider market. Crypto Market Crash Leads To Record Outflows, Investors Prepare For Further Correction After showing impressive resiliency, major crypto tokens are now seeing a massive correction following the SEC’s lawsuit against Binance & Coinbase . Bitcoin fell below the $26k level after shedding 4% over the last 24 hours. However, altcoins have faced the major brunt of the market’s bearish outlook. Cardano, Solana and MATIC all entered bear market territory after falling more than 20% over the past day. These are three of the top tokens that have been labelled as unregistered securities in the SEC’s lawsuit. If the SEC is able to prove this in court, it will be a huge setback to the entire crypto industry. Tokens that are unregistered securities have to often deal with suffocating regulation, which ends up deprecating the asset’s value. Michael van de Poppe, the CEO & Founder of MN Trading, believes that future corrections are likely as the total crypto market capitalization fell below the 200-Week Moving Average. Binance & Coinbase continue to see record outflows as they prepare for long-drawn legal battles. Binance founder Chanpeng “CZ” Zhou took to Twitter to tackle some of the FUD in the market. He stated that the narrative that Binance is converting its crypto holding to fiat is indeed false. In fact, Binance’s crypto reserves have increased. Nevertheless, the top exchange will have to score a few legal victories to boost investor confidence. Story continues The crypto market may face a double whammy as the Federal Reserve decided on the next interest rate hike. The recent hike by the Canadian central bank has created doubts in the minds of investors. If the Fed indeed continues their hawkish stance, the crypto market may face another long crypto winter. Wall Street Memes Token Nears $6m, Could it Outperform Doge & Pepe? The Wall Street Memes token has become one of the most attractive buys in the meme coin market. Major meme tokens such as Dogecoin continue to disappoint investors as it fell 13% over the last 24 hours. Similarly, Pepe remains shackled to the overall crypto market as it corrected 21% over the same period. However, the Wall Street Memes token had another dominant day in its presale as it has now raised $5.9 million and is set to breach $6 million in a few hours. The Wall Street Memes group has had a remarkable track record of upending the traditional financial landscape, which received global recognition during the historic GameStop short squeeze. Backed by its incredible brand value and a million strong internet army, the group now looks to combat big money institutions in the crypto space. The WSM group already has an established consumer base in the Web3 space. It sold out its Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. The group has also recently launched its own Bitcoin Ordinal NFTs. This loyal customer base is sure to give a strong boost to the $WSM meme coin. Despite its massive popularity, the project is taking strong steps to further boost user adoption. The entire WSM supply will be available to investors with no cuts for the team or any private sale. Furthermore, investors can grab 50% of the tokens in the presale itself, with 30% of the remaining supply reserved for cool community rewards. 5 lucky degens will also win $10K worth of $WSM tokens through a very generous airdrop. The group launched the Wall Street Memes token under the motto, “Welcome to the revolution”. Interested investors can join this movement by purchasing $WSM tokens either through bank cards or by swapping ETH or USDT tokens. Visit Wall Street Memes Revolutionary AI Trading Platform yPredict Sees Surging Interest with Over $2m Raised The extreme price fluctuations in the current crypto market has forced retail investors to evolve their trading practices. As a result, the AI-backed yPredict trading ecosystem is receiving enormous interest due to its wide range of tools and valuable market insights. The $YPRED token has now raised $2.2 million and is quickly approaching its targeted $2.9 million. The token is currently trading at $0.09 which is set to surge nearly 30% in the next stage of the presale. Investors are jumping on the yPredict bandwagon due to its cutting-edge ecosystem that provides trading solutions for users with all levels of experience. All $YPRED holders are eligible for a lifetime access to the yPredict Predictions tool which consists of accurate price predictions for thousands of crypto assets and securities. Similarly, users can utilise the yPredict Analytics platform to gain valuable market insights on the basis of sentiment analysis, transaction data analysis and pattern recognition. The yPredict Marketplace is the flagship product of the company that allows expert AI/ML developers to publish their cutting-edge predictive modes. Traders can then subscribe to these models and use them to anticipate market volatility. Finally, pro traders can utilise the sophisticated Terminal trading engine to execute trades at a blazing fast speed. Aside from getting lucrative discounts on every yPredict service, the $YPRED holders can also earn up to 45% APY as quarterly staking rewards. Interested investors can acquire the token by swapping ETH, MATIC or USDT tokens. Alternatively, they can also purchase the tokens through bank cards. Visit yPredict Presale Eco-Friendly Token Ecoterra Pioneering Recylce2Earn, Tier-1 Listings Next? Mainstream investors gripe about the polluting nature of tokens such as Bitcoin and the lack of alternative eco-friendly solutions. Fortunately, Ecoterra is using an innovative approach to blockchain technology and tokenomics to tackle anthropogenic climate change. The project incentivizes individuals and corporations to play their role in reversing the adverse impact of global warming. For example, it allows major corporations to build an eco-friendly reputation by simply purchasing recycled products at a cheap cost. Companies in the fields of tech, apparel industry, consumer goods, etc. can earn a ton of social credit while also creating a demand for recycled goods. Similarly, individuals can earn Ecoterra tokens by simply recycling waste products through the project’s recycle2earn application. They can also receive lucrative $ECOTERRA rewards by paying their green energy bills through the app. The project has also partnered with leading climate action organisation Verra to provide effective carbon offset solutions. Users can easily reduce their carbon footprints at minimal costs. Due to Ecoterra’s significant real-world value and its crucial role in changing the mainstream perception of the crypto industry, it becomes a likely candidate for a Tier-1 listing. Investors can purchase the token through bank cards or by swapping ETH or USDT tokens in exchange for it. Visit Ecoterra Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown [email protected] View source version on newsdirect.com: https://newsdirect.com/news/crypto-prices-crash-but-traders-think-these-tokens-will-be-winners-103020274', 'New York, NY --News Direct-- Finance News The cryptocurrency market finally collapsed under the extreme bearish conditions. After the US SEC sued Binance and Coinbase for illegal operation and sale of unregistered securities, major crypto tokens have plummeted over 20% in the span of a few hours. While SEC’s hawkish actions force crypto investors to dump their holdings, a few newly launched tokens continue to see surging interests. The Wall Street Memes token has remained unaffected by the bearishness in the crypto market due to the strength of its community. Similarly, the yPredict and Ecoterra tokens continue to surge throough their presales, indicating potential to outperform the wider market. Crypto Market Crash Leads To Record Outflows, Investors Prepare For Further Correction After showing impressive resiliency, major crypto tokens are now seeing a massive correction following the SEC’s lawsuit against Binance & Coinbase . Bitcoin fell below the $26k level after shedding 4% over the last 24 hours. However, altcoins have faced the major brunt of the market’s bearish outlook. Cardano, Solana and MATIC all entered bear market territory after falling more than 20% over the past day. These are three of the top tokens that have been labelled as unregistered securities in the SEC’s lawsuit. If the SEC is able to prove this in court, it will be a huge setback to the entire crypto industry. Tokens that are unregistered securities have to often deal with suffocating regulation, which ends up deprecating the asset’s value. Michael van de Poppe, the CEO & Founder of MN Trading, believes that future corrections are likely as the total crypto market capitalization fell below the 200-Week Moving Average. Binance & Coinbase continue to see record outflows as they prepare for long-drawn legal battles. Binance founder Chanpeng “CZ” Zhou took to Twitter to tackle some of the FUD in the market. He stated that the narrative that Binance is converting its crypto holding to fiat is indeed false. In fact, Binance’s crypto reserves have increased. Nevertheless, the top exchange will have to score a few legal victories to boost investor confidence. Story continues The crypto market may face a double whammy as the Federal Reserve decided on the next interest rate hike. The recent hike by the Canadian central bank has created doubts in the minds of investors. If the Fed indeed continues their hawkish stance, the crypto market may face another long crypto winter. Wall Street Memes Token Nears $6m, Could it Outperform Doge & Pepe? The Wall Street Memes token has become one of the most attractive buys in the meme coin market. Major meme tokens such as Dogecoin continue to disappoint investors as it fell 13% over the last 24 hours. Similarly, Pepe remains shackled to the overall crypto market as it corrected 21% over the same period. However, the Wall Street Memes token had another dominant day in its presale as it has now raised $5.9 million and is set to breach $6 million in a few hours. The Wall Street Memes group has had a remarkable track record of upending the traditional financial landscape, which received global recognition during the historic GameStop short squeeze. Backed by its incredible brand value and a million strong internet army, the group now looks to combat big money institutions in the crypto space. The WSM group already has an established consumer base in the Web3 space. It sold out its Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. The group has also recently launched its own Bitcoin Ordinal NFTs. This loyal customer base is sure to give a strong boost to the $WSM meme coin. Despite its massive popularity, the project is taking strong steps to further boost user adoption. The entire WSM supply will be available to investors with no cuts for the team or any private sale. Furthermore, investors can grab 50% of the tokens in the presale itself, with 30% of the remaining supply reserved for cool community rewards. 5 lucky degens will also win $10K worth of $WSM tokens through a very generous airdrop. The group launched the Wall Street Memes token under the motto, “Welcome to the revolution”. Interested investors can join this movement by purchasing $WSM tokens either through bank cards or by swapping ETH or USDT tokens. Visit Wall Street Memes Revolutionary AI Trading Platform yPredict Sees Surging Interest with Over $2m Raised The extreme price fluctuations in the current crypto market has forced retail investors to evolve their trading practices. As a result, the AI-backed yPredict trading ecosystem is receiving enormous interest due to its wide range of tools and valuable market insights. The $YPRED token has now raised $2.2 million and is quickly approaching its targeted $2.9 million. The token is currently trading at $0.09 which is set to surge nearly 30% in the next stage of the presale. Investors are jumping on the yPredict bandwagon due to its cutting-edge ecosystem that provides trading solutions for users with all levels of experience. All $YPRED holders are eligible for a lifetime access to the yPredict Predictions tool which consists of accurate price predictions for thousands of crypto assets and securities. Similarly, users can utilise the yPredict Analytics platform to gain valuable market insights on the basis of sentiment analysis, transaction data analysis and pattern recognition. The yPredict Marketplace is the flagship product of the company that allows expert AI/ML developers to publish their cutting-edge predictive modes. Traders can then subscribe to these models and use them to anticipate market volatility. Finally, pro traders can utilise the sophisticated Terminal trading engine to execute trades at a blazing fast speed. Aside from getting lucrative discounts on every yPredict service, the $YPRED holders can also earn up to 45% APY as quarterly staking rewards. Interested investors can acquire the token by swapping ETH, MATIC or USDT tokens. Alternatively, they can also purchase the tokens through bank cards. Visit yPredict Presale Eco-Friendly Token Ecoterra Pioneering Recylce2Earn, Tier-1 Listings Next? Mainstream investors gripe about the polluting nature of tokens such as Bitcoin and the lack of alternative eco-friendly solutions. Fortunately, Ecoterra is using an innovative approach to blockchain technology and tokenomics to tackle anthropogenic climate change. The project incentivizes individuals and corporations to play their role in reversing the adverse impact of global warming. For example, it allows major corporations to build an eco-friendly reputation by simply purchasing recycled products at a cheap cost. Companies in the fields of tech, apparel industry, consumer goods, etc. can earn a ton of social credit while also creating a demand for recycled goods. Similarly, individuals can earn Ecoterra tokens by simply recycling waste products through the project’s recycle2earn application. They can also receive lucrative $ECOTERRA rewards by paying their green energy bills through the app. The project has also partnered with leading climate action organisation Verra to provide effective carbon offset solutions. Users can easily reduce their carbon footprints at minimal costs. Due to Ecoterra’s significant real-world value and its crucial role in changing the mainstream perception of the crypto industry, it becomes a likely candidate for a Tier-1 listing. Investors can purchase the token through bank cards or by swapping ETH or USDT tokens in exchange for it. Visit Ecoterra Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown [email protected] View source version on newsdirect.com: https://newsdirect.com/news/crypto-prices-crash-but-traders-think-these-tokens-will-be-winners-103020274', 'The Securities and Exchange Commission cracked down on the biggest names in the cryptocurrency world last week. First it accused the world’s largest crypto exchange , Binance ( BUSD-USD ), of violating securities laws, mishandling customer funds, inflating trading volumes and misleading investors. One day later it sued the largest US crypto exchange , Coinbase ( COIN ), for allegedly ignoring requirements to register with the SEC. What does all of this mean for the industry, crypto stocks and digital currencies? Investors have a lot of questions. Yahoo Finance asked experts for some answers. Is this an existential threat? One legal expert said the two new lawsuits pose existential threats to Binance and Coinbase even though the cases are civil and not criminal. "These, obviously, are pretty much life-and-death stakes for these companies,” University of Kentucky securities law professor Alan Kluegel said. That’s because the SEC holds wide authority within American financial markets to shut down trading firms and exchanges, reverse the unlawful sale of unregistered securities to the public and suspend or permanently bar actors from the industry, Kluegel said. If the SEC is successful in its actions against either platform, it can also force them to either stop trading crypto on behalf of American consumers or to set up as registered exchanges and broker-dealers. Brian Armstrong, CEO of Coinbase. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) (PATRICK T. FALLON via Getty Images) Ratings agency Moody’s Investors Service on Thursday changed its outlook on Coinbase from stable to negative, citing "the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows." There will be an early test this week of how serious the SEC’s case is for Binance. The regulator has already asked a federal court to freeze the assets of Binance’s US entity Binance.US, and a hearing is scheduled for Monday on that request. Binance.US said in a Thursday tweet that it was stopping US dollar deposits and that users would soon not be able to withdraw dollars from the exchange. It intends to change to a "crypto-only exchange." Story continues Changpeng Zhao, CEO of Binance. (Photo By Ben McShane/Sportsfile for Web Summit via Getty Images) (Ben McShane via Getty Images) It’s likely that these two lawsuits will take years to reach a resolution. There is, however, an older case that could help set a precedent much sooner. The SEC filed a lawsuit in 2020 against a startup company called Ripple, alleging the sale of its XRP token represented an unregistered securities offering. XRP is now the world’s sixth-largest cryptocurrency. "I don\'t think that this SEC under this leadership necessarily cares whether they win or lose in the courts," Ripple’s chief legal officer Stuart Alderoty said at the Piper Sandler Global Exchange & Fintech Conference on Wednesday. "I think what they are engaging in is a coordinated campaign to essentially destroy the crypto economy in the United States." Cathie Wood, CEO of Ark Invest. (AP Photo/Rebecca Blackwell) (ASSOCIATED PRESS) One investor, Cathie Wood, doesn’t appear worried about the potential impact on Coinbase. Her flagship fund, the ARK Innovation ETF ( ARKK ), bought more than 400,000 shares of Coinbase on Tuesday after the exchange had been sued by the SEC. She has been a longtime proponent of crypto. The scrutiny of Binance was "a good thing longer term for Coinbase," she told Bloomberg. Will Congress write new rules? The good news for investors, perhaps, is that these legal battles could help establish how, and whether, cryptocurrencies are regulated in the US. "We\'ve needed regulatory clarity in the United States for many years now," Moffett Nathanson Partner Lisa Ellis told Yahoo Finance Live. One key area of debate in Washington is whether certain digital currencies are securities or commodities and therefore fall under the oversight of the SEC or the Commodities Futures Trading Commission. "The digital asset regulatory environment in the United States is opaque," said Daniel Stabile, co-chair of Winston & Strawn’s digital asset practice group. "At this point, the best solution is for Congress to sort out the regulatory morass." Earlier this month House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) unveiled a draft discussion bill as a possible framework to regulate cryptocurrency . Rep. Patrick McHenry, R-NC, chairman of the House Financial Services Committee. (AP Photo/Jose Luis Magana) (ASSOCIATED PRESS) The draft bill aims to create clarity around gaps between the rules of the CFTC and the SEC. It also tries to direct what firms need to do to register with the SEC and requires the SEC to write new rules that are customized to govern crypto. The House Financial Services Committee is also working on a new bill pertaining to stablecoins, which are cryptocurrencies linked to a currency like the US dollar. A new discussion bill quietly put out Thursday night incorporates some concerns from Democrats. In the Senate, Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are planning this month to reintroduce sprawling crypto legislation after making some changes to it following the 2022 meltdown of crypto exchange FTX. "There is some semblance of a bipartisan consensus in favor of regulating crypto, and most people feel the collapse of FTX was a wake up call about the urgent need to regulate a status quo that is dangerously deregulated," said House Rep. Ritchie Torres, a Democrat who serves on the House Financial Services Committee. Who is safe from the SEC\'s dragnet? There are thousands of cryptocurrencies. The SEC considers some of these assets to be securities, and therefore under its oversight. That belief is central to its cases against Coinbase and Binance. The SEC alleged last week that 13 crypto assets available to Coinbase customers were “crypto asset securities” that should have been registered, including Solana’s SOL token, Cardano’s ADA token and Polygon’s MATIC token. It said Binance had been offering 12 coins without registering them as securities. If the courts uphold the SEC’s arguments, a number of digital currencies may not be able to trade on exchanges. One prominent online brokerage is already responding to the SEC’s actions. Robinhood Markets ( HOOD ) on Friday announced it would no longer allow trading of SOL, ADA or MATIC as of June 27. Robinhood currently allows trading in 15 crypto currencies, including bitcoin ( BTC ), ether ( ETH ) and dogecoin ( DOGE ). The values of SOL, ADA and MATIC slid by double-digit percentages Saturday, a sign of nervousness among investors. Bitcoin was also down Saturday, as was ether. The SEC could also still go after other crypto exchanges that allowed investors to trade the tokens at issue. Some exchanges have already been a target of the SEC. US crypto currency exchange Kraken paid $30 million in fines to settle SEC charges in February, for allegedly violating securities rules by failing to register its crypto asset staking program. One exchange based in Singapore, Crytpo.com, said Friday that it would shut down its institutional exchange service for US customers due to "limited demand" in "the current market landscape." It was unclear if the move was at all related to the SEC\'s campaign. There is one big exception to the SEC’s securities dragnet: bitcoin, the world\'s largest cryptocurrency. "The SEC has been extremely clear. Bitcoin is not a security," Steven Lubka, managing director of Swan Bitcoin, told Yahoo Finance. "We’re very, very confident that never changes." Securities and Exchange Commission Chair Gary Gensler. (AP Photo/Jacquelyn Martin) (ASSOCIATED PRESS) The Howey Test The SEC\'s framework for evaluating digital assets as securities relies on the so-called Howey Test. This test has its origins in a 1946 Supreme Court case dealing with tracts of Florida orange groves sold by W.J. Howey Co. and leased back to the company. The Supreme Court labeled these leaseback deals as investment contracts, meaning they needed to be registered with the SEC. It also defined what constituted a security: "an investment of money in a common enterprise with profits to come solely from the efforts of others." The SEC still uses that measure today. Bitcoin, its defenders say, doesn\'t meet that test because it was created by anonymous software developer Satoshi Nakamoto in January 2009 as an open-source concept. SEC Chair Gary Gensler as well as former Chair Jay Clayton have indicated in numerous public comments they do not believe bitcoin is a security. "It\'s not," Gensler reiterated on Wednesday. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance', 'The Securities and Exchange Commission cracked down on the biggest names in the cryptocurrency world last week.\nFirstit accused the world’s largest crypto exchange, Binance (BUSD-USD), of violating securities laws, mishandling customer funds, inflating trading volumes and misleading investors.\nOne day laterit sued the largest US crypto exchange, Coinbase (COIN), for allegedly ignoring requirements to register with the SEC.\nWhat does all of this mean for the industry, crypto stocks and digital currencies?\nInvestors have a lot of questions. Yahoo Finance asked experts for some answers.\nOne legal expert said the two new lawsuits pose existential threats to Binance and Coinbase even though the cases are civil and not criminal.\n"These, obviously, are pretty much life-and-death stakes for these companies,” University of Kentucky securities law professor Alan Kluegel said.\nThat’s because the SEC holds wide authority within American financial markets to shut down trading firms and exchanges, reverse the unlawful sale of unregistered securities to the public and suspend or permanently bar actors from the industry, Kluegel said.\nIf the SEC is successful in its actions against either platform, it can also force them to either stop trading crypto on behalf of American consumers or to set up as registered exchanges and broker-dealers.\nRatings agency Moody’s Investors Service on Thursday changed its outlook on Coinbase from stable to negative, citing "the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows."\nThere will be an early test this week of how serious the SEC’s case is for Binance. The regulator has already asked a federal court to freeze the assets of Binance’s US entity Binance.US, and a hearing is scheduled for Monday on that request.\nBinance.US said in a Thursday tweet that it was stopping US dollar deposits and that users would soon not be able to withdraw dollars from the exchange. It intends to change to a "crypto-only exchange."\nIt’s likely that these two lawsuits will take years to reach a resolution.\nThere is, however, an older case that could help set a precedent much sooner. The SEC filed a lawsuit in 2020 against a startup company called Ripple, alleging the sale of its XRP token represented an unregistered securities offering. XRP is now the world’s sixth-largest cryptocurrency.\n"I don\'t think that this SEC under this leadership necessarily cares whether they win or lose in the courts," Ripple’s chief legal officer Stuart Alderoty said at the Piper Sandler Global Exchange & Fintech Conference on Wednesday. "I think what they are engaging in is a coordinated campaign to essentially destroy the crypto economy in the United States."\nOne investor, Cathie Wood, doesn’t appear worried about the potential impact on Coinbase. Her flagship fund, the ARK Innovation ETF (ARKK),bought more than 400,000 shares of Coinbase on Tuesdayafter the exchange had been sued by the SEC. She has been a longtime proponent of crypto.\nThe scrutiny of Binance was "a good thing longer term for Coinbase," she told Bloomberg.\nThe good news for investors, perhaps, is that these legal battles could help establish how, and whether, cryptocurrencies are regulated in the US.\n"We\'ve needed regulatory clarity in the United States for many years now," Moffett Nathanson Partner Lisa Ellis told Yahoo Finance Live.\nOne key area of debate in Washington is whether certain digital currencies are securities or commodities and therefore fall under the oversight of the SEC or the Commodities Futures Trading Commission.\n"The digital asset regulatory environment in the United States is opaque," said Daniel Stabile, co-chair of Winston & Strawn’s digital asset practice group. "At this point, the best solution is for Congress to sort out the regulatory morass."\nEarlier this month House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA)unveiled a draft discussion bill as a possible framework to regulate cryptocurrency.\nThe draft bill aims to create clarity around gaps between the rules of the CFTC and the SEC. It also tries to direct what firms need to do to register with the SEC and requires the SEC to write new rules that are customized to govern crypto.\nThe House Financial Services Committee is also working on anew bill pertaining to stablecoins, which are cryptocurrencies linked to a currency like the US dollar.A new discussion bill quietly put out Thursday night incorporates some concerns from Democrats.\nIn the Senate, Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are planning this month to reintroduce sprawling crypto legislation after making some changes to it following the 2022 meltdown of crypto exchange FTX.\n"There is some semblance of a bipartisan consensus in favor of regulating crypto, and most people feel the collapse of FTX was a wake up call about the urgent need to regulate a status quo that is dangerously deregulated," said House Rep. Ritchie Torres, a Democrat who serves on the House Financial Services Committee.\nThere are thousands of cryptocurrencies. The SEC considers some of these assets to be securities, and therefore under its oversight. That belief is central to its cases against Coinbase and Binance.\nThe SEC alleged last week that 13 crypto assets available to Coinbase customers were “crypto asset securities” that should have been registered, including Solana’s SOL token, Cardano’s ADA token and Polygon’s MATIC token. It said Binance had been offering 12 coins without registering them as securities.\nIf the courts uphold the SEC’s arguments, a number of digital currencies may not be able to trade on exchanges.\nOne prominent online brokerage is already responding to the SEC’s actions. Robinhood Markets (HOOD) on Friday announced it would no longer allow trading of SOL, ADA or MATIC as of June 27. Robinhood currently allows trading in 15 crypto currencies, including bitcoin (BTC), ether (ETH) and dogecoin (DOGE).\nThe values of SOL, ADA and MATIC slid by double-digit percentages Saturday, a sign of nervousness among investors. Bitcoin was also down Saturday, as was ether.\nThe SEC could also still go after other crypto exchanges that allowed investors to trade the tokens at issue.\nSome exchanges have already been a target of the SEC. US crypto currency exchangeKraken paid $30 million in fines to settle SEC chargesin February, for allegedly violating securities rules by failing to register its crypto asset staking program.\nOne exchange based in Singapore, Crytpo.com, said Friday that it would shut down its institutional exchange service for US customers due to "limited demand" in "the current market landscape." It was unclear if the move was at all related to the SEC\'s campaign.\nThere is one big exception to the SEC’s securities dragnet: bitcoin, the world\'s largest cryptocurrency.\n"The SEC has been extremely clear. Bitcoin is not a security," Steven Lubka, managing director of Swan Bitcoin, told Yahoo Finance. "We’re very, very confident that never changes."\nThe SEC\'sframework for evaluating digital assets as securitiesrelies on the so-called Howey Test. This test has its origins in a 1946 Supreme Court case dealing with tracts of Florida orange groves sold by W.J. Howey Co. and leased back to the company.\nThe Supreme Court labeled these leaseback deals as investment contracts, meaning they needed to be registered with the SEC. It also defined what constituted a security: "an investment of money in a common enterprise with profits to come solely from the efforts of others."\nThe SEC still uses that measure today. Bitcoin, its defenders say, doesn\'t meet that test because it was created by anonymous software developer Satoshi Nakamoto in January 2009 as an open-source concept.\nSEC Chair Gary Gensler as well as former Chair Jay Clayton have indicated in numerous public comments they do not believe bitcoin is a security.\n"It\'s not," Gensler reiterated on Wednesday.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance', 'Illustration by Mitchell Preffer for Decrypt Many leading cryptocurrencies plummeted in price this week after the United States Securities and Exchange Commission launched high-profile enforcement actions against cryptocurrency exchange titans Binance and Coinbase for allegedly violating securities laws. The coins worst affected by the news were Solana, Polygon and Cardano , which were all labeled as securities offerings in the SEC’s Binance lawsuit. Needless to say, it was a phenomenally busy week on the world’s favorite microblogging platform as people digested the news. Here’s how this pivotal week played out on Crypto Twitter. On Monday, self-styled crypto sleuth @Leerzeit made an interesting observation. It should be noted here that former SEC director Bill Hinman in 2018 delivered a speech in which he explained his reasoning for why Bitcoin and Ethereum should not be considered securities. The @SECGov has now removed Bill Hinman\'s biography from its website. Getting ready to throw him under the bus. pic.twitter.com/O7HCUGWSgt — Mr. Huber🔥🦅🔥 (@Leerzeit) June 5, 2023 Hinman’s speech recently became the subject of the SEC’s lawsuit against XRP progenitor Ripple, which was sued by the regulator for offering unlicensed securities. A court recently blocked the SEC’s motion to block access to documents related to this speech, saying the material was “subject to a strong presumption of public access.” On Monday, the SEC sued Binance and in its filing listed several altcoins as securities. User @0xMert_ said the news was an industry call to arms. seems the SEC thinks Solana, Cardano, Polygon, Cosmos, Algorand etc are ALL securities this gets Coinbase, Robinhood etc involved as well time to put the interchain bullsht aside and unite against the war on crypto the SEC is unhinged and must be stopped pic.twitter.com/Win17xRJOP — lightspeed mert \| helius.dev (@0xMert_) June 5, 2023 Cardano creator Charles Hoskinson shared his two cents on the enforcement action in a lengthy tweet that was endorsed by Binance CEO Changpeng “CZ” Zhao. Story continues 🙏 "a perfect opportunity for the entire industry to set aside it\'s fragmented nature and unite for a common sense set of rules and guidelines" — CZ 🔶 Binance (@cz_binance) June 5, 2023 Web3 law pundit James Murphy (a.k.a. MetaLawMan) wrote a thread about how the SEC’s complaint provided closure to an unresolved plot thread from 2021. 1/ The SEC complaint against @Binance appears to solve the mystery of why Brian Brooks abruptly resigned as CEO of @BinanceUS in 2021. CZ allegedly reneged on promises that Brooks would be given autonomy to run https://t.co/reBq6K7KAs independently from @Binance . — MetaLawMan (@MetaLawMan) June 5, 2023 On Tuesday, CZ apparently needed some public validation, and most of his followers obliged. Who protects you more? — CZ 🔶 Binance (@cz_binance) June 6, 2023 Also that day, CNBC host Jim Cramer tried fanning the flames of a bank run on Binance, attracting comment from not one but two crypto CEOs. 🙏 we will see soon enough. — CZ 🔶 Binance (@cz_binance) June 6, 2023 Former Twitter co-founder/CEO and current Square CEO Jack Dorsey tweeted a controversial opinion about Ethereum. Yes. https://t.co/PrMx7yugsU — jack (@jack) June 6, 2023 Coinbase hit back against the SEC’s enforcement action on Tuesday with some counter propaganda with a natty bassline. The numbers don\'t lie. pic.twitter.com/lec4wkp6RO — Coinbase 🛡️ (@coinbase) June 6, 2023 Some revealing banter was passed between CZ and Gemini co-found Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $500,604,948,938 - Hash Rate: 415140266.2692028 - Transaction Count: 399201.0 - Unique Addresses: 561469.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The bitcoin mining hashrate, a measure of computing power on the network, will likely decline dramatically a year from now, once rewards are halved. Roughly every four years, the reward for successfully mining a bitcoin block is cut in half. This event, known as the halving , reduces inflationary pressure on bitcoin. Currently, rewards are 6.25 BTC per block ($170,000) and in April 2024 they will be reduced to 3.125 BTC per block ($85,000). Currently, publicly listed miners mine at a cost of $10,000-$15,000 per bitcoin, said Wolfie Zhao, head of research at mining consultancy Blocksbridge. Once the halving happens, these costs will double, bringing miners breakeven point to $20,000-$30,000. If bitcoin isnt seriously above $30,000, many of them could be mining at a gross loss, he said. Wall Street giant JPMorgan predicted the cost to mine bitcoin could rise as high as $40,000 after the halving. With such a high cost of mining and absent any significant rally in the price of bitcoin, only the most cost efficient miners will survive, while others will be forced to shut down their operations. Energy cost and equipment efficiency will determine winners and losers post halving, said Kerri Langlais, chief strategy officer at bitcoin miner TeraWulf (WULF). Operators with higher production costs per bitcoin will have a more difficult time surviving the halving. According to data compiled by Zhao , Stronghold Digital Mining (SDIG), Cipher Mining (CIFR) and Riot Platforms (RIOT) have the lowest costs of production, with Stronghold at $8,200, Cipher at $8,600 and Riot at $10,400 per bitcoin in the first quarter. Efficiency matters Considering that margins are likely to shrink, miners have begun strategizing on capital preservation, fleet efficiency, and diversification, investment bank Stifels analyst Bill Papanastasiou wrote in a note in late May. Broadly speaking, the industry has turned its focus to the efficiency of operations and machines, as opposed to simply bringing as much hashrate online as possible, which was the case during the bull market of 2021. Story continues Read more: A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes Once the hashrate sees a large drop off immediately after the halving, we will see very slow growth the following months as the efficient machines replace older machines, and machines change hands to lowest cost operators, said Ethan Vera, chief operating officer at mining services firm Luxor Technologies. New investments Moreover, investments in new machines have been measured, Papanastasiou said, given the uncertainty over the economics of mining for the upcoming year. The mining business already comes with a high cost of capital relative to other industries, double that of the precious metals sector, according to Luxor Technologies analyst Jaran Mellerud . The lack of investment might seem counterintuitive considering that hashrate and difficultya measure of how easily miners can discover a block of bitcoin has been consistently increasing in the past few months, despite the crypto bear market. Both metrics, key measures for the miners profitability, have been setting new all-time highs throughout 2023. Read more: Bitcoin Mining Difficultys Record Setting Streak Shows No Signs of Stopping However, the rising hashrate can reflect economic conditions of several months ago. Because mining facilities and equipment take several months to be developed, the hashrate growth largely reflects investments made in previous periods. Still, discussions for new developments have seen an uptick in 2023, said B Riley analyst Lucas Pipes in a note to investors. Investment in new buildings is subdued compared to 2021 levels, but relative to the autumn of 2022, when bitcoin prices were in their lows of around $15,000, the situation has improved for the industry. A rally in the price of bitcoin or a major slump in energy prices could boost miners profitability, such that they dont have to power off after the halving. Bloomberg Intelligence and Matrixport said that the halving has the potential to supercharge the price of bitcoin by as much as 81%. Historically, the rise in the price of BTC has outpaced the impact of the halving. Time will tell what happens in this cycle, said Langlais.... - Reddit Posts (Sample): [['u/buttcoin_lol', 'Why this time is different: no fiat on/off ramps means no financial future for crypto', 28, '2023-06-11 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/', "I've been hodling for years and this is the only time that scares me.\n\nI'm specifically talking about the SEC cutting Binance off from USD transfers.\n\nEvery other crisis before I know I could ride out, because I know sentiment is cyclical and prices recover in the long run. I can wait out bear markets and whatever FUD, no problem.\n\nThis time is different because now, I can't rely on an exchange to exist at the end of my long-term hodling to be there to cash out. I'm not one of those people who think BTC will replace fiat and we're all going to transact in crypto. No, the IRS is not going to accept BTC for taxes, ever. McDonald's is not going to. I can't buy a house with crypto. \n\nEven if I wait long enough and BTC is worth $1 million, it's useless to me if there are no exchanges or banks around anymore willing to mess with the government to give me those dollars.\n\nThe SEC is not going to stop with Binance. Coinbase is next, then Kraken, and they will drive out the common ways for people to cash out, until we have to use small sketchy sites based in Bermuda or wherever.\n\nCoinbase can put up a fight. It doesn't matter because their banking partners won't. Banks will cut ties to avoid the risk of being near crypto, and make money somewhere safer.\n\nTell me how crypto can be a good investment seeing how the entire asset class is going to be blacklisted and cut off from the US financial system.", 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/', '146dkt0', [['u/jebelsbemdisbe', 11, '2023-06-11 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnppnoy/', 'Sell me your coins then', '146dkt0'], ['u/StonedRex', 19, '2023-06-11 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnppp0w/', 'We can still do P2P sales of crypto. Or you can go to a country that is not the US and cash out your crypto.', '146dkt0'], ['u/Onnimation', 63, '2023-06-11 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpps2s/', 'Remember there was also a time when alcohol and weed was banned in the US and look what happened.', '146dkt0'], ['u/ZelWinters1981', 12, '2023-06-11 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpptna/', "It's not just the US. Binance has cut direct FIAT transfers in Australia too.", '146dkt0'], ['u/Einsatzpause', 47, '2023-06-11 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpq7ow/', "There are more countries than the USA.\n\nIt sucks for you guys, you've got elections coming up next year. Maybe you should give your vote to a candidate who is more crypto friendly.", '146dkt0'], ['u/Onnimation', 19, '2023-06-11 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnprd14/', 'Unless you ban the internet, people can always trade crypto.', '146dkt0'], ['u/VileNonShitter', 13, '2023-06-11 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnprjxj/', 'Physical products and services are your on/off ramp, just as Satoshi planned.', '146dkt0'], ['u/StoryPale', 287, '2023-06-11 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnprm7a/', "The world is much bigger than the US, it's really unfortunate this is happening since US was a crypto haven for a long time but gotta move on.", '146dkt0'], ['u/Therowerr', 13, '2023-06-11 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpsoij/', 'Exactly, other countries can still adopt crypto...', '146dkt0'], ['u/easer888', 14, '2023-06-11 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpsymk/', 'Every time and cycle its the same, people freaking out because there is dropping hard, but eventually goes UP!\n\nprobably all this FUD will convert into FOMO middle of next year', '146dkt0'], ['u/bccrz_', 44, '2023-06-11 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnptr2x/', 'Bitcoin isn’t in danger since it’s a commodity. As long as there are on-ramps to BTC, there can be indirect on-ramps to other cryptocurrencies, right?', '146dkt0'], ['u/burn-slippy', 21, '2023-06-11 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpu0fe/', 'All this regulation, US is setting up for the introduction of thier cbdc. Nigeria has already done this and their eNaira failed with a user rate of 0.05% of population while crypto use is still aprox 32%. Goverments that are a democracy will always struggle to gain adoption from citizens through choice. I would start worring when goverments start changing laws to make cbdc the sole legal tender for their country.', '146dkt0'], ['u/Savik519', 13, '2023-06-11 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpubs0/', 'First they ignore you\n\nThen they laugh at you\n\nThen they fight you\n\nThen Bitcoin wins.', '146dkt0'], ['u/Savik519', 40, '2023-06-11 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpv6p4/', 'Same with gold…', '146dkt0'], ['u/Buttsydon1', 21, '2023-06-11 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpwujo/', 'Cash out for £ on a exchange in uk an swap £ for $ to cash out.', '146dkt0'], ['u/Odysseus_Lannister', 11, '2023-06-11 01:59', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpxmol/', 'Yeah I’m still not voting for desantis even if that means crypto dies in my country. Hello cold storage and VPNs then.', '146dkt0'], ['u/Radiologer', 13, '2023-06-11 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpy6z1/', 'Are the stores that accept crypto for goods and services in the room with us now?', '146dkt0'], ['u/Baecchus', 38, '2023-06-11 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpy7lz/', "People don't seem to understand this.\n\nWorst case scenario: BTC is safe. Altcoins aren't.\n\nBTC will continue to get adopted by institutions and users. Altcoins might not.\n\nNothing about BTC has changed.", '146dkt0'], ['u/Baecchus', 17, '2023-06-11 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpyhz6/', "The thing is the US has the biggest influence and share on Crypto by far and whatever happens in the US will reflect everywhere else.\n\nYou can expect most other countries to follow in their footsteps. I don't like it, I'm just saying it like it is.", '146dkt0'], ['u/Baecchus', 13, '2023-06-11 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnpz2r7/', 'Lightning network. \n\nWhat do 99% of these altcoins do outside of luring in naive people to use them as exit liquidity?', '146dkt0'], ['u/vnielz', 19, '2023-06-11 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq0fcy/', 'Imo that influence could shift also as more great crypto companies already find their bases outside the US, also BRICS getting stronger, and innovation rapidly grows in Asia and africa too.\n\nTime will tell i guess', '146dkt0'], ['u/Machete521', 15, '2023-06-11 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq19sm/', 'ABSOLUTE worst case? Peer to peer.', '146dkt0'], ['u/Eww_vegans', 44, '2023-06-11 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq1etz/', 'US plus China is 40% of global GDP... Crypto needs liquidity to survive.', '146dkt0'], ['u/apathy420', 10, '2023-06-11 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq2uuk/', 'Yeah… PayPal you can easily convert currency too. I do it all the time as one of my side gigs pays in GBP and I swap for usd.\n\nWhere there’s a will there’s a way :) FU sec and government. Go after the real financial criminals… oh wait that’s the lawmakers and their cronies', '146dkt0'], ['u/Kindly-Wolf6919', 117, '2023-06-11 03:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq50k8/', "Correct. We can thank the US for bringing crypto this far. But it seems like they'll be passing on the torch soon. But I must say, the Caribbean is approaching crypto with a very open mind, as well as Europe. There is hope yet!", '146dkt0'], ['u/ptrnyc', 16, '2023-06-11 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq5siw/', 'Also the EU seems to be wanting to adopt a much more nuanced stance regarding crypto.', '146dkt0'], ['u/fall0ut', 13, '2023-06-11 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq629u/', 'Brics will never take over as a global currency. The world is not going to trust Russia, china, or Brazil. Brics is not getting stronger. Haha', '146dkt0'], ['u/Tehni', 10, '2023-06-11 03:28', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq83rt/', 'Single issue voters is how we turned to fascism in the first place', '146dkt0'], ['u/d_Party_Pooper', 21, '2023-06-11 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq8i7l/', "It's not a fact. Plenty of countries are pro-crypto and anti USD dominance. Time will tell, but future predictions are not fact no matter how inevitable you think they are. I think the US being so (apparently) against this leaves the door open for other opportunists to swoop in and take advantage of the potential of crypto.", '146dkt0'], ['u/vnielz', 10, '2023-06-11 03:37', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq95bu/', 'Brics GDP surpassed the G7 GDP this year while more countries will join Brics. Just saying. \n\nAlso the USD world reserve status is in jeopardy as countries considering to remove their USD contracted oil trades. Thats a huge deal for the US. \n\nThere is a slow and silent power shift ongoing. The Ongoing War industry currently saved the USD so far.', '146dkt0'], ['u/eVoPDX', 134, '2023-06-11 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnq9ibz/', 'This is not a ban on crypto. This is a lawsuit for the courts. Sec vs binance/coinbase. Fiat on and off ramps are still in tact. This is just straight FUD.', '146dkt0'], ['u/PhysicalConnection80', 29, '2023-06-11 03:52', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqaw2c/', "Facts 99% on here have no idea what the fuck they are talking about. One company SEC is saying another company Coinbase US. is not playing fair. This is a legal matter. All this FUD is because most of the holders freaking out selling for losses don't understand legal matters.", '146dkt0'], ['u/Baecchus', 20, '2023-06-11 03:55', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqb909/', "Every country is anti anything that threathens their status quo. Crypto is disruptive enough to do just that. It's just not big enough for them to see it as a legitimate threat yet. Maybe we live in different planets because I don't see governments embracing something that gives 100% custody and control to their people.", '146dkt0'], ['u/Baecchus', 10, '2023-06-11 04:00', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqbpdo/', 'They were probably trying to protect their people from those dangerous shiny yellow rocks like they are trying to protect them from Crypto. /s', '146dkt0'], ['u/pibbleberrier', 13, '2023-06-11 04:14', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqdarz/', 'It must be nice to be an American where USA is the only country that exist in earth. \n\nSuch a blissfully ignorant life', '146dkt0'], ['u/conv3rsion', 18, '2023-06-11 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqf9g0/', 'Its not even the worst case, its the title of the white paper.', '146dkt0'], ['u/jhorskey26', 18, '2023-06-11 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqfa2k/', 'I’ve been buying and selling for years and have yet to us a “us exchange”. I live in the US. Sure it’s a pain in the ass and it can be sketchy but you can still buy in and cash out. A lot of ways if you dyor', '146dkt0'], ['u/pizark22', 14, '2023-06-11 04:45', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqgomg/', "They couldn't even stop xrp with no legal on ramp/ off ramp in USA. It's still top 20", '146dkt0'], ['u/valiumonaplane', 16, '2023-06-11 04:46', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqgsgp/', 'Has banning something ever made it go away?', '146dkt0'], ['u/thinkingperson', 25, '2023-06-11 04:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqhr52/', "HK just approved crypto trades in June. China may be using HK as a testbed for the rest of China's market.\n\nAlso, money has a way of finding their way around.", '146dkt0'], ['u/d_Party_Pooper', 14, '2023-06-11 05:07', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqj735/', "The job of the SEC is to kick the can far enough down the road that the existing elite have all the right bits in place to capitalise on the gains. Major corporations and the world's elite aren't setup yet to win with Crypto. As soon as they are all the crypto good news will come out and the push for main stream will happen and by the time everyone's parents are getting onboard the opportunities will be gone. Crypto isn't going anywhere. It's all FUD!", '146dkt0'], ['u/mixmasterpayne', 17, '2023-06-11 05:13', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqjsdh/', 'Qualuuds are hard to get', '146dkt0'], ['u/paxwax2018', 10, '2023-06-11 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnquem6/', 'SEC is not a company.', '146dkt0'], ['u/forgerator', 14, '2023-06-11 07:13', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqvlrh/', 'Not to mention the middle east.', '146dkt0'], ['u/normal_rc', 11, '2023-06-11 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnqwfaq/', '> I can’t see China allowing crypto\n\nI can definitely see China, Russia, Iran, etc using crypto to bypass US sanctions & SWIFT. Even if they ban their own citizens from accessing crypto, the governments & megabanks will use crypto in multi-billion dollar cross-border transactions to facilitate trade.', '146dkt0'], ['u/Heatproof-Snowman', 10, '2023-06-11 09:04', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnr4edy/', 'If you are in the US, I’d say most legit crypto-exchanges abroad will avoid you like the plague and won’t let you trade just with a VPN. \n\nUnfortunately US-based users have become radioactive material as they mean the exchange could attract attention from the SEC (even if the exchange itself isn’t based in the US). \n\nI think this will become a similar situation to US persons struggling to find banks or stock brokers willing to accept them outside the US (because US regulation creates too much regulatory burden and risk for foreign financial institutions who onboard US customers).', '146dkt0'], ['u/lock_the_backdoor', 18, '2023-06-11 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/146dkt0/why_this_time_is_different_no_fiat_onoff_ramps/jnraxmc/', '"99% of people on here have no idea what the fuck they are talking about"\n\nSays SEC is a company.', '146dkt0']]], ['u/fnetma', "The fact Bitcoin doesn't rally on days like today just shows how misunderstood it is.", 51, '2023-06-11 01:15', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/', 'Nothing competes with Bitcoin. Everything will be built on top of Bitcoin. Bitcoin is the exit strategy.', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/', '146e56f', [['u/Umpire_State_Bldg', 50, '2023-06-11 01:18', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnpsstq/', '"History shows it is not\u200b possible to insulate yourself from the consequences of others holding money that is harder than yours." \n\n-- S. Ammous. The Bitcoin Standard', '146e56f'], ['u/IndependentSpeck', 22, '2023-06-11 01:24', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnptign/', "I can't believe people who say that mass adoption is going to take several decades. It's literally only just over ONE decade old and it's already something like the 5th biggest and fastest growing asset in history and only 2% of the world population owns some. It's literally twenty-five THOUSAND times more powerful than the US dollar and the Euro. At that rate of change, I think bitcoin is going to be the number one biggest asset by market capitalization by 2030. That's not even a decade. I'd say that this outlook is delusional less than 10 years ago, but that's the point...it's happening so much faster than anyone could have actually anticipated and it's literally unstoppable.", '146e56f'], ['u/solomonsatoshi', 12, '2023-06-11 01:54', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnpx18b/', 'Interested in how you quantify Bitcoin as being 25,000 times more powerful than the USD and Euro...how do you figure that exactly?', '146e56f'], ['u/joots', 18, '2023-06-11 03:09', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnq5xeh/', 'What happened today?', '146e56f'], ['u/seanagibson', 13, '2023-06-11 03:30', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnq8cq0/', 'Why would it rally today?', '146e56f'], ['u/maximovious', 13, '2023-06-11 06:11', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnqpvs5/', '> days like today\n\nSunday?\n\nWhat else happened?', '146e56f'], ['u/DaBTCStd10yrs', 11, '2023-06-11 11:04', 'https://www.reddit.com/r/Bitcoin/comments/146e56f/the_fact_bitcoin_doesnt_rally_on_days_like_today/jnrd0mh/', 'hard means hard money (money with really small to no inflation, very high stock-to-flow ratio)\n\na few examples: BTC, Gold', '146e56f']]], ['u/Rogueofoz', 'For the rest of the world', 129, '2023-06-11 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/', "People from the rest of the world, not in the US.\n\nYou do realize that whatever the SEC says in favor or against, doesn't mean a thing to us outside of the US?\n\nIf the US rule it a commodity a security or whatever, doesn't matter, the SEC only affects the US.\n\nChina is starting to open up to crypto (and with the US hating I'm sure they will love it more).\n\nThe EU is starting to regulate them with a much less aggressive approach.\n\nA country in LATAM uses BTC as legal tender!\n\nOutside the US crypto is thriving, if American politics decide to go against crypto, it will only hurt the US, the rest of us will still continue enjoying the fruits of this wonderful innovation.", 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/', '146j9pk', [['u/Givefreehugs', 26, '2023-06-11 05:31', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqlpr4/', 'Litecoin and bitcoin specifically protected by Beijing 8 months ago.\n\nhttps://cointelegraph.com/news/possession-of-bitcoin-still-legal-in-china-despite-the-ban-lawyer-says/amp', '146j9pk'], ['u/ZUZARIX', 17, '2023-06-11 05:32', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqlrzz/', ' Literally hate this narrative. Like everything isn’t run by the us. The problem isn’t “crack on as usual” the issue is if that company has to be looked at completely differently. Knowing that solana IS based in United States. If they have to start changing things this DOES have an effect on everyone else. Stop misinforming peope who should be re evaluating their bags regardless if you hate gensler the Cunt', '146j9pk'], ['u/FattestLion', 11, '2023-06-11 05:33', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqly0w/', 'If everything was up to the bloody U.S. the whole world would be using the USD and there would be no individual currencies', '146j9pk'], ['u/Puking_In_Disgust', 10, '2023-06-11 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqmvcn/', 'It’s true, even if the US government could block out US users entirely (which they can’t), eventually the market would restabilize and everyone who bought after that point would carry on as usual. It’s not an existential threat to virtually any of these protocols, unless the value of the token plummeting itself causes its demise. \n\nHowever, the US represents a disproportionally large portion of the crypto market (and global investment markets in general, for that matter). If it’s significantly less convenient for US investors to invest in crypto, even if it’s not explicitly or effectively outlawed, that’s a lot of money that’s not coming back even in the next bull market. \n\nMuch smaller, newer coins that didn’t have a huge windfall in the last bull market would be less effected, but it would be a lot more difficult for previous highs to be met and surpassed for larger alts who did see peak free investment in the last bull market. \n\nNot to be too apocalyptic, that’s just the worst case scenario people are afraid of. I agree it’s still nothing to piss yourself over, but it’s not nothing either. But that said, that future isn’t written in stone yet. If XRP wins that suit there’s a much better chance of that worst case scenario not coming to pass, and the US market being able to freely participate in the next bull run when it happens.', '146j9pk'], ['u/Wonzky', 15, '2023-06-11 05:43', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqmxqh/', ">You do realize that whatever the SEC says in favor or against, doesn't mean a thing to us outside of the US?\n\nIt does when the coins you hold crash because of SEC announcements", '146j9pk'], ['u/CryptoScamee42069', 141, '2023-06-11 05:44', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqn26j/', 'That is not at all true.\n\nI get the US isn’t the centre of the world and for the record, I’m Australian, but we have to pay attention to the US whether we like it or not.\n\nCrypto is not a standalone system. It’s tied to macroeconomic factors like stock markets, politics and the international monetary system.\n\nWhy is that important? Because the international monetary system is literally US centric. The USD is the global reserve currency.\n\nThe US is at the heart of the UN, NATO and other fora that drive international norms for diplomacy, law and trade.\n\nCrypto investors like to think we’re special. Crypto is different in a lot of ways, but it is not immune to the world around us.\n\nThe US cannot stop crypto, and can’t control it in ways they’d like, but US politics matters. US regulators matter. They wield enormous influence so no matter how you feel about it, it’s worth paying attention to the US context.\n\nHowever, you are right in saying the US is only hurting itself at the moment. We’re all in agreement there.', '146j9pk'], ['u/yuruseiii', 10, '2023-06-11 05:45', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqn77b/', 'What the US sees as a threat, other countries see as opportunity. Ironic, since it used to be the other way round in the past', '146j9pk'], ['u/the_spiritual_eye', 39, '2023-06-11 05:53', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqo24o/', 'Precisely this. I’m also Australian, and I’ve found myself tuning into the Fed rate hike meetings and following what the SEC has been doing more so than anything here in Australia. The last bull rally that saw BTC go from 16-26k was found to be 80% institutional money from the US. They buy in with billions, not thousands. The unfortunate state of crypto right now, is extremely US-centric.', '146j9pk'], ['u/Baecchus', 14, '2023-06-11 06:46', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqt7jn/', "Exactly, thank you. The FED farts and I feel that shit even though I live in the opposite side of the world. Same with the SEC. The US has the biggest share in Crypto and you'll feel that in your bones eventually no matter how much you want to believe otherwise.\n\nAnyone who seriously thinks third world countries adopting Crypto will make up for the US disaster is burying their head in the sand.", '146j9pk'], ['u/Baecchus', 11, '2023-06-11 06:49', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnqtgv4/', "I'm shocked by the fact that people still haven't figured this out.\n\nDoesn't matter where you live. The US decides whether your magic internet money thrives or dumps. Third world countries like El Salvador adopting BTC isn't going to make up for the SEC situation.", '146j9pk'], ['u/Lillica_Golden_SHIB', 14, '2023-06-11 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/146j9pk/for_the_rest_of_the_world/jnrcox4/', 'I wouldnt be surprised to see China becoming friendlier to crypto once it understands it can absorb a good part of the capital the US is probably going to lose by going harsh against crypto.', '146j9pk']]], ['u/External-Dark-2942', "Economist Peter Schiff Says the Fed Destroyed US Banking System — 'It's Insolvent' – Economics Bitcoin News", 27, '2023-06-11 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/146jo50/economist_peter_schiff_says_the_fed_destroyed_us/', 'Things are changing, that’s for sure…', 'https://news.bitcoin.com/economist-peter-schiff-says-the-fed-destroyed-us-banking-system-its-insolvent/', '146jo50', [['u/fuckofakaboom', 15, '2023-06-11 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/146jo50/economist_peter_schiff_says_the_fed_destroyed_us/jnqt052/', 'Peter Schiff has predicted 17 of the last 2 market crashes…', '146jo50']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, June 11, 2023', 32, '2023-06-11 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/', '146jvih', [['u/mr_sew', 12, '2023-06-11 06:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqs5oo/', "The U.S. Treasury wasn't going to default anyway. That was just scare mongering.", '146jvih'], ['u/dopeboyrico', 18, '2023-06-11 06:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqsvfj/', 'If that were the case, TradFi would be down as well. And yet, Nasdaq just recently broke its local high from August and S&P is less than 1% away from doing the same. PA for the past couple days has been the result of the SEC suing Binance and Coinbase for selling unregistered securities (not BTC) causing temporary uncertainty in the crypto market more broadly.\n\nDespite this, fundamentally speaking, nothing has changed for BTC. Max supply is still 21 million. The halving will still occur next year causing BTC inflation rate to drop below 1%/year going forward. Fiat will still be printed into infinity and the debt ceiling has already been approved to rise another $4 trillion over the next 2 years, approximately 13% higher than current levels. That new money being printed needs to end up somewhere and BTC still makes up less than 0.1% of all investable assets globally.\n\nOn top of all of that, in the short-term, we’re about to get another CPI print for the month of May releasing on Tuesday followed by the Fed’s rate decision the next day. It’s looking likely that the YoY CPI print for May is going to come in quite a bit lower than April’s 4.9% print and the Fed is going to pause on further rate hikes on Wednesday.\n\nBuy the dip while you still can. The CPI print coming in lower than expectations on Tuesday could potentially trigger the start of an enormous rally for the rest of the year especially if YoY CPI continues to fall month after month thereafter. At the same time the Fed may be forced to start QE again to buy newly issued government bonds due to lack of sufficient interest in markets. The Fed’s balance sheet just saw a minor uptick this past week which was the first weekly increase since March and it also happened to be the first week since the new debt ceiling increase was signed into law. Could be unrelated but if this continues in the weeks to come, QE is back on the menu as the Fed’s balance sheet continues to expand out of necessity.', '146jvih'], ['u/Outrageous-Net-7164', 17, '2023-06-11 07:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqvfm7/', 'Crypto is dead and has no real use other than speculation.\n\nSpeculators and bad actors now on the AI bandwagon.', '146jvih'], ['u/Outrageous-Net-7164', 11, '2023-06-11 07:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqx0zv/', 'NVDA stock.\n\nAll the snake oil YouTubers pushing crypto channels now switching to AI. Most only getting 10% of the previous traffic with crypto. \n\nZero institutional money coming in now as without regulation it’s a none starter. \n\nChamath and his pals on his podcast declared crypto dead and discuss other topics now. \n\nNo one cares about crypto. \n\nTime to buy 🤔', '146jvih'], ['u/xtal_00', 19, '2023-06-11 07:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnqz4ui/', 'Time to buy Bitcoin.\n\nBut it’s always time to buy Bitcoin.', '146jvih'], ['u/Essexal', 26, '2023-06-11 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jnrbs74/', 'Need about 4 more ‘bull market is over’, ‘crypto is dead’, ‘ponzi is ponzi’ comments and we can start going higher.\n\nLet the doubters doubt.', '146jvih'], ['u/dopeboyrico', 22, '2023-06-11 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jns0xyf/', 'YoY CPI for May will be releasing on Tuesday. Expectations are currently set at 4.1% vs April’s 4.9% print.\n\n[Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has their estimate at 4.13%. [Truflation](https://truflation.com) has their estimate at around 3.39% with a high of 3.95% and a low of 2.83% for the month.\n\nFor the past several months the actual number has been somewhere between these two estimates. Because expectations are on the higher side, there’s a solid chance the actual number will come in lower than expectations before the Fed’s rate decision on Wednesday.\n\nBuy the dip while you still can.', '146jvih'], ['u/biggunsg0b00m', 14, '2023-06-11 22:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/146jvih/daily_discussion_sunday_june_11_2023/jntpate/', 'Might be an off topic question, but is this thread going dark on 12th June like some other threads in protest to the changes to 3rd party API?', '146jvih']]], ['u/Two_Pickachu_One_Cup', "No crypto will not 'die', that's why Satoshi created Bitcoin.", 73, '2023-06-11 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/', "We have been hit pretty hard in 2022/2023. First voyager, then Luna, then FTX, now concerns around the SEC and Coinbase.\n\nYes we have been through alot, yet you are still here, crypto is still here.\n\nSatoshi created Bitcoin in the aftermath of the 08 banking crisis, it was created as a safeguard for institutional interference. Yet here we are in 2023 worrying about crypto 'dying' because institutions are doing the wrong thing.\n\nRemember crypto was created so that we didn't need the help or interference of an institution. Have we lost sight of that purpose?", 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/', '146kuqj', [['u/Onnimation', 32, '2023-06-11 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnquj89/', "Whenever Bitcoin dies, I tend to just buy more. It's like a Black Friday sale to me.", '146kuqj'], ['u/MaximumStudent1839', 15, '2023-06-11 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnquk8a/', 'You guys realize SEC isn’t going after “crypto”, but just the ones with ICOs?', '146kuqj'], ['u/Josefumi12', 10, '2023-06-11 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnqukka/', '>I believe cryptocurrencies like bitcoin are not going to die.\n\nPeople who say crypto is dead because they see red in their portfolios. When it shows green again, people will celebrate this event and think that crypto has come back to life. \n\nIn the end crypto is considered dead if people feel they are losing money and vice versa crypto is considered alive because they are making profits.', '146kuqj'], ['u/treehermit', 10, '2023-06-11 07:35', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnqxgd2/', 'The glaring fact is that within a span of 13 years, bitcoin transformed from a joke into one of the leading points of contention in the presidential elections of the most powerful country on the planet!', '146kuqj'], ['u/Electrical_Potato_21', 14, '2023-06-11 09:15', 'https://www.reddit.com/r/CryptoCurrency/comments/146kuqj/no_crypto_will_not_die_thats_why_satoshi_created/jnr57lz/', 'In twenty years this will be a blip on the radar. I still have great faith in Bitcoin long term.', '146kuqj']]], ['u/rBitcoinMod', 'Daily Discussion, June 11, 2023', 39, '2023-06-11 08:05', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/145s5tv/daily_discussion_june_10_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/', '146m3i6', [['u/hateschoolfml', 13, '2023-06-11 08:57', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnr3uel/', 'Post a lightning address for 500 sats and you shall receive', '146m3i6'], ['u/Prosperity_01', 12, '2023-06-11 09:48', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnr7kwf/', 'Made my first purchase a month ago and now so close to reaching my 0.1 BTC target :) 0.25 over the next couple years. What’s everyone’s accumulation goals?', '146m3i6'], ['u/user_name_checks_out', 13, '2023-06-11 11:34', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrf4pv/', '1. Be a nocoiner.\n2. Dabble in bitcoin.\n3. Encounter obstacles because a) failure to understand or b) problems unrelated to bitcoin or c) both.\n4. Come here and whine that, because of point #3 above, "mass adoption will never happen bla bla blaaaa".', '146m3i6'], ['u/fverdeja', 10, '2023-06-11 12:49', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrkrs4/', '1. We don\'t know yet, some data shows it to be bad for the environment, other data shows it to be good, apparently it\'s the first industry to really reduce it\'s carbon footprint while expanding and consuming more energy, there\'s no real way to know yet so every set of data should be taken with a grain of salt.\n\n2. The arguments are that Bitcoin miners are emissionless while energy production is where the emissions come from, so far, Bitcoin mining has helped the state of Nebraska reach their green energy goals and accelerate the growth of said initiatives, it also helped get electricity to some towns in Africa where doing so was economically infeasible. That doesn\'t mean it would be the same for every state, city and country in the world.\n\n3. Yes, PoW is an anchor to the real world, and prevents the "rich get\'s richer", miners have to pay for electricity, update their hardware, and they don\'t have permission to do whatever they want, they provide a service to nodes and we let receive both the subsidy and the fees, not the other way around. While on PoS stackers get money from doing absolutely nothing and stackers set the rules (that\'s not the case for every PoS algorithm), the biggest problem with PoS coins is that the "project leader" and whales are the ones who decide what your money is and what\'s the right version of the chain, not you, not the market, them.', '146m3i6'], ['u/user_name_checks_out', 13, '2023-06-11 13:24', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrnngj/', "Bitcoin's carbon footprint is a piss in the ocean compared to that of the fiat banking system which bitcoin replaces.\n\nPeople who use the pollution argument against bitcoin never apply it against anything else. What is the carbon footprint of the U.S. defense industry? Of billionaires' private jets?", '146m3i6'], ['u/tallreagan', 14, '2023-06-11 13:54', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrqauo/', "I once had a goal and after reaching it, I kept going. Once you see what Bitcoin is and can be, you will never stop 'buying'", '146m3i6'], ['u/escodelrio', 17, '2023-06-11 15:12', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnrybg6/', "Historical Bitcoin prices for today, June 11th:\r \n\r \n2023 - $25,768\r \n2022 - $28,403\r \n2021 - $37,315\r \n2020 - $9,283\r \n2019 - $7,888\r \n2018 - $6,886\r \n2017 - $2,973\r \n2016 - $592\r \n2015 - $230\r \n2014 - $643\r \n2013 - $109\r \n2012 - $5.6\r \n2011 - $14.6\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/11/2023 is $9,168.62.", '146m3i6'], ['u/Just1_More', 10, '2023-06-11 16:56', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnsbbxr/', 'Here... read up. [End the FUD](https://endthefud.org/)', '146m3i6'], ['u/Romsel87', 11, '2023-06-11 17:44', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnshyqj/', "Maybe wait for new ATH? At least you'll be sure that it's not dead.", '146m3i6'], ['u/IngersollLockwood', 12, '2023-06-11 18:22', 'https://www.reddit.com/r/Bitcoin/comments/146m3i6/daily_discussion_june_11_2023/jnsnc2q/', 'This sub is growing so fast. 25% increase in the last 2 weeks.', '146m3i6']]], ['u/alleged_humanoid', 'wibtc if i got my human microchipped?', 401, '2023-06-11 08:41', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/', 'My human is indoor-outdoor. I, Goose, majestic benevolent Cat, don’t like this arrangement—I’d rather they were always indoors, but it’s considered cruel to keep a human inside all the time where we live, so I (reluctantly) let them out.\n\nThe problem is, last week my human ran away. I waited for them for billions of years and they didn’t come home. This has happened twice before and just like those other times a strange human showed up instead of my human. I let the strange human refill my bowl and clean my box but not come near me. (You have to be careful with strange humans. They might not be trained properly.)\n\nMy human FINALLY found their way home yesterday, looking bedraggled and smelling totally weird. I’ve been lecturing them non-stop about how worried i was about them, and i’m supervising them very closely to make sure they don’t disappear again. But I’m concerned they will get lost again. Would I be the cloaca if I got them microchipped so they are easier to find?', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/', '146mpx8', [['u/warmlavawithpebbled', 122, '2023-06-11 09:00', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnr44tj/', 'I meow meow (8f cat cow) says you NTC cos you respawnsiable pawrent! You only worry! But I suggest air-tag is better! I got my human an AirTag and gave it as a wonderful necklace. I can see thru my orange tiny box where hooman is! It also rings when you press it! One time hooman was at neighbor and I was meowing but being ignored! I pressed the button then I heard ring ring and hooman came running back!', '146mpx8'], ['u/yarnalcheemy', 53, '2023-06-11 09:05', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnr4gm4/', 'NTC! - Rocket, Kita, and Chase (SIC, gray tabby, orange tabby). Waiting forever for our humans to come home is the worst. Especially when the favorite one is outside!', '146mpx8'], ['u/Mollyscribbles', 66, '2023-06-11 10:01', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnr8ixd/', "NTC, I need to get one of these for my human. Is vital to keep track of their whereabouts. Can they be used to track to confirm their location if they've gone to the human litter box room and closed the door? I get so worried the few times she accidentally leaves me out.", '146mpx8'], ['u/Loud-Bee6673', 176, '2023-06-11 10:23', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnra4wl/', 'My name is Pockets. I have just adopted a new hooman so this is my first time here. There are other cats in the house named Misha and Pepper. We have come to a tentative human and house-sharing agreement and they are fun to chase.\n\nMy human is often content to stay at home, which is what I prefer. She does do this thing called “werk,” of which I do disapprove. She tells me she would much rather be home than go to “werk.” But if this were true, why does she go? It seems obvious to me that she should stay home and take care of my needs. For example, sometimes I kick my toys under the clothing-furniture or behind the book-furniture, and she will get them out for me.\n\nMisha says she also has this thing called “fambly”, and when she goes to see them she is away for several years. I certainly do not approve of that. How can I get her microchipped? Or Air Tagged? Either seems fine.\n\nhttps://preview.redd.it/604jypyimc5b1.jpeg?width=3024&format=pjpg&auto=webp&v=enabled&s=5e51a81503edacc2053a2b29db84d7f8662e31b7\n\nCat tax - I am the lovely tortie girl. The void doofus is Misha.', '146mpx8'], ['u/Zealousideal_Car_726', 53, '2023-06-11 12:29', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnrj74i/', 'Willa here, 7f smart orange. Mommy has her keys all air tagged. She says it saves her life. I think we should air tag all the hoomans. You NTC if air tag but also NTC for microchip. Mebbe hoomans needs both. Air tag let us trak em. Microchip let anyone who find hooman bring back to us. I also here of LoJack? Maybe that way to go?', '146mpx8'], ['u/SkyScamall', 28, '2023-06-11 14:03', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnrr7qv/', "Your mommy sounds smart. My hooman has mean, loud, jangly keys. Sometimes they leave them behind when they go to the out and there's much panic at the big door and the spairkee has to be found. air tagg sounds helpful but only if hooman remembers to bring it.", '146mpx8'], ['u/Anna_Rapunzel', 40, '2023-06-11 14:39', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnruqrh/', "NTC, but have you considered just making your humans indoor humans? I remember when my humans made themselves indoor humans once. With the proper stimulation, they'll be just fine. If they have a closet, letting them take things out, play with them, and put them back can be very enriching! Of course, Auntie Anna enjoyed making food that she shared with me!\n\n--Anubis the dog\n\nNTC, but a microchip is better than an AirTag because your human might lose their AirTag. My humans are constantly losing their little lightboxes. I find them all over the house. One time Grandma left hers at the place she goes to hunt!\n\n--Polonio the cat", '146mpx8'], ['u/LotusGrowsFromMud', 30, '2023-06-11 14:56', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnrwifm/', 'Maybe a collar with your address would be helpful? Mine seems lost right now too, and they have been gone for a million years. I hope they come back. My human had to get me a separate feeder that feeds me kitten food even though I am grown, because I would worry myself sick and lose weight whenever they were lost.', '146mpx8'], ['u/butterfly-garden', 20, '2023-06-11 16:44', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jns9lur/', "Oh my Dod! You must have been so scared! I would suggest that you check your state lawz. Just acause you would hab peace of mind doesn't mean you allowed to do it. NTC, you is just being a responsible hooman owner.", '146mpx8'], ['u/namealreadygone', 22, '2023-06-11 16:52', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsaqna/', '(Aww r/vorties)', '146mpx8'], ['u/shesaflightrisk', 20, '2023-06-11 16:57', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsbda8/', 'You are so smart for coming up with this solution!', '146mpx8'], ['u/AMyshkaMouse', 25, '2023-06-11 17:14', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsdoeq/', 'I refuse to show this post to my cats. YTC for setting us humans up... rofl', '146mpx8'], ['u/jochi1543', 36, '2023-06-11 17:38', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsh3es/', 'Have you considered getting your human fixed? Often, they have the urge to roam outdoors if they still have their special parts.', '146mpx8'], ['u/PinkSatanyPanties', 19, '2023-06-11 18:55', 'https://www.reddit.com/r/AmItheCloaca/comments/146mpx8/wibtc_if_i_got_my_human_microchipped/jnsrxsc/', 'I Chester (1M, buff orange cat) and I moved in with my Big Friend Miles (27NB, I think they’re a cat) a little while ago and the first time they disappeared for several hundred years a really fun new Big Friend named Katelyn came to visit and the second time it was a new Big Friend named Tina! Chester liked so much!!!! I love Big Friend Miles because they’re my favorite, but meeting new Big ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Renown crypto billionaire Cameron Winklevoss says the youth vote rescued the U.S. Democratic party from defeat in 2020—and that alienating them now will mean "lost votes" in the next election cycle.\n"Senator Warren and Gary Gensler’s war on crypto is going to alienate an entire generation of would-be Democrats," he tweeted.\nHis twin brother Tyler, with whom he co-founded crypto exchange Gemini in 2014, concurred.\n“Roe [v. Wade] cost Republicans the midterms,” Tylertweetedon Sunday. “The Sen. Warren and Gary Gensler war on crypto will cost Dems the 2024 election.”\nAndreessen Horowitz Opening Crypto Office in London\nCameron Winklevosstook to Twitterto denounce efforts by U.S. SenatorElizabeth Warrenand Head of the SECGary Genslerto undermine the cryptocurrency industry, saying their actions might have dire consequences for the Democratic party.\n“Crypto has already won the hearts and minds of Millennials and GenZ," Winklevosstweeted, adding that "they don’t debate the merits of crypto; and they won’t forget the value destruction Warren and Gensler have caused."\nCameron shared aCNN headlinefrom 2022 that indicates the Democrats saved face in last year’s elections thanks to young people. To the crypto entrepreneur, the current regulatory environment could blow up in their face.\nThe Winklevoss twins are long-time Bitcoin permabulls, calling for a$500,000bitcoin price point. Although Cameron has no official party line, he hassupportedRepublican candidates in the past.\nThese statements come amid aggressive actions from Warren and Gensler, two Democratic party members.\nWhat’s the Difference Between the Binance and Coinbase SEC Lawsuits?\nThe former Olympic rowerproposestwo explanations: "[The] blue establishment either doesn\'t understand what\'s going on with Warren and Gensler, or are grossly miscalculating the impact of their actions on youth vote this upcoming election cycle."\nWarren has made headlines this year for her "Anti Crypto Army." She has also claimed that the technology helpsfund the deadly fentanyltrade, broadlydeclaringthat crypto is used by criminals.\nGensler, a staunch critic of cryptocurrencies, is also in the spotlight this week, after the SEC charged bothCoinbaseandBinancewith breaking U.S. securities laws.\nNot all Democrats are anti-crypto, however. Presidential candidate Robert Kennedy Jr., ispro-Bitcoin, appearing as keynote speaker at the recent Bitcoin 2023 conference.\nGensler Is Driving Crypto to Communist China, Says Republican Congressman\nRepublicans, on the other hand, seem much more open to the idea of cryptocurrency.\nWyoming senator Cynthia Lummis, dubbed the "Bitcoin Senator," has beenchampioningBitcoin for years. Republican House Majority Whip Tom Emmer (R-MN) is considered "crypto-friendly."And Ron DeSantis, Governor of Florida and Republican presidential candidate, has meanwhileoutlawedCentral Bank Digital Currencies (CBDCs) in his state.\nThe numbers for crypto appear to be on the Winklevoss’ side. According to areportby Coinbase, approximately 66 million Americans (or 20% of the entire population) own digital assets.\n"They may not care about crypto, but they will care about the lost votes," Cameronconcluded.', 'Renown crypto billionaire Cameron Winklevoss says the youth vote rescued the U.S. Democratic party from defeat in 2020\x97and that alienating them now will mean "lost votes" in the next election cycle. "Senator Warren and Gary Gensler\x92s war on crypto is going to alienate an entire generation of would-be Democrats," he tweeted. His twin brother Tyler, with whom he co-founded crypto exchange Gemini in 2014, concurred. \x93Roe [v. Wade] cost Republicans the midterms,\x94 Tyler tweeted on Sunday. \x93The Sen. Warren and Gary Gensler war on crypto will cost Dems the 2024 election.\x94 Andreessen Horowitz Opening Crypto Office in London Cameron Winklevoss took to Twitter to denounce efforts by U.S. Senator Elizabeth Warren and Head of the SEC Gary Gensler to undermine the cryptocurrency industry, saying their actions might have dire consequences for the Democratic party. \x93Crypto has already won the hearts and minds of Millennials and GenZ," Winklevoss tweeted , adding that "they don\x92t debate the merits of crypto; and they won\x92t forget the value destruction Warren and Gensler have caused." Cameron shared a CNN headline from 2022 that indicates the Democrats saved face in last year\x92s elections thanks to young people. To the crypto entrepreneur, the current regulatory environment could blow up in their face. The Winklevoss twins are long-time Bitcoin permabulls, calling for a $500,000 bitcoin price point. Although Cameron has no official party line, he has supported Republican candidates in the past. These statements come amid aggressive actions from Warren and Gensler, two Democratic party members. What\x92s the Difference Between the Binance and Coinbase SEC Lawsuits? The former Olympic rower proposes two explanations: "[The] blue establishment either doesn\'t understand what\'s going on with Warren and Gensler, or are grossly miscalculating the impact of their actions on youth vote this upcoming election cycle." Story continues Warren has made headlines this year for her " Anti Crypto Army ." She has also claimed that the technology helps fund the deadly fentanyl trade, broadly declaring that crypto is used by criminals. Gensler, a staunch critic of cryptocurrencies, is also in the spotlight this week, after the SEC charged both Coinbase and Binance with breaking U.S. securities laws. Not all Democrats are anti-crypto, however. Presidential candidate Robert Kennedy Jr., is pro-Bitcoin , appearing as keynote speaker at the recent Bitcoin 2023 conference. Gensler Is Driving Crypto to Communist China, Says Republican Congressman Republicans, on the other hand, seem much more open to the idea of cryptocurrency. Wyoming senator Cynthia Lummis, dubbed the " Bitcoin Senator ," has been championing Bitcoin for years. Republican House Majority Whip Tom Emmer (R-MN) is considered " crypto-friendly ." And Ron DeSantis, Governor of Florida and Republican presidential candidate, has meanwhile outlawed Central Bank Digital Currencies (CBDCs) in his state. The numbers for crypto appear to be on the Winklevoss\x92 side. According to a report by Coinbase, approximately 66 million Americans (or 20% of the entire population) own digital assets. "They may not care about crypto, but they will care about the lost votes," Cameron concluded .', "(Some Fortune Crypto pricing data is provided by Binance.)The price of tokens tied to some of the best known blockchains plummeted on Friday days after the Securities and Exchange Commission declared them to be securities in complaints filed against Bitcoin and Ethereum experienced only minor dips, other well-known crypto projects took a beating.\nAs of Sunday evening, the price of Solana's SOL token was down nearly 30% over seven days, while Polygon's MATIC token and Cardano's ADA were down 28% and 29.5%, respectively, over the same period.\nWhile crypto prices slumped across the board following the SEC complaints, which dropped last Monday and Tuesday, it was only on Friday that markets experienced a massive sell-off.\nThe cause of Friday's plunge appears to be a decision by some of the biggest crypto market makers and trading firms to dump their holdings. A Coindeskreportpointed totweetsfrom the analytics firm LookOnChain, which cited blockchain data to say wallets tied to Cumberland, Jump Trading and Robinhood had off-loaded a large volume of tokens to exchanges.\nThese firms' large holdings, combined with an illiquid trading environment following the SEC declaration, likely led to an especially steep drop in prices. Meanwhile, Robinhood on Friday announcedit would delistSolana, Cardano, and Polygon from its exchange as of June 27—another likely blow to their value.\nSolana and Cardano are so-called layer-1 blockchains, which aspire to challenge Ethereum, while Polygon is a side-chain that helps process Ethereum transactions more efficiently. While they took the biggest price hit, other well-known blockchains also experienced a big blow in the wake of the SEC complaints.\nThe seven-day price for tokens tied Filecoin and Internet Computer—both of which were also labelled as securities by the SEC—were down 26% and 24%, respectively, on Sunday. Meanwhile, a number of well-known older projects, notably Litecoin and Dogecoin, were not labelled as securities and have fallen by around 15%.\nThe crypto industry has long decried what it claims has been a lack of guidance from the SEC when it comes to determining which blockchain tokens are securities. The issue is the subject of a closely watchedlegal battlebetween the agency and Ripple, which is associated to the XRP token. A decision is expected as soon as this summer.\nBitcoin, which is down 4% over the past week, is the only token that the SEC has stated not to be a security. Ethereum, whose legal status is unclear, is down 7%. The two tokens are by far the biggest cryptocurrencies by market cap.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", "(Some Fortune Crypto pricing data is provided by Binance.) The price of tokens tied to some of the best known blockchains plummeted on Friday days after the Securities and Exchange Commission declared them to be securities in complaints filed against Bitcoin and Ethereum experienced only minor dips, other well-known crypto projects took a beating. As of Sunday evening, the price of Solana's SOL token was down nearly 30% over seven days, while Polygon's MATIC token and Cardano's ADA were down 28% and 29.5%, respectively, over the same period. While crypto prices slumped across the board following the SEC complaints, which dropped last Monday and Tuesday, it was only on Friday that markets experienced a massive sell-off. The cause of Friday's plunge appears to be a decision by some of the biggest crypto market makers and trading firms to dump their holdings. A Coindesk report pointed to tweets from the analytics firm LookOnChain, which cited blockchain data to say wallets tied to Cumberland, Jump Trading and Robinhood had off-loaded a large volume of tokens to exchanges. These firms' large holdings, combined with an illiquid trading environment following the SEC declaration, likely led to an especially steep drop in prices. Meanwhile, Robinhood on Friday announced it would delist Solana, Cardano, and Polygon from its exchange as of June 27\x97another likely blow to their value. Solana and Cardano are so-called layer-1 blockchains, which aspire to challenge Ethereum, while Polygon is a side-chain that helps process Ethereum transactions more efficiently. While they took the biggest price hit, other well-known blockchains also experienced a big blow in the wake of the SEC complaints. The seven-day price for tokens tied Filecoin and Internet Computer\x97both of which were also labelled as securities by the SEC\x97were down 26% and 24%, respectively, on Sunday. Meanwhile, a number of well-known older projects, notably Litecoin and Dogecoin, were not labelled as securities and have fallen by around 15%. Story continues The crypto industry has long decried what it claims has been a lack of guidance from the SEC when it comes to determining which blockchain tokens are securities. The issue is the subject of a closely watched legal battle between the agency and Ripple, which is associated to the XRP token. A decision is expected as soon as this summer. Bitcoin, which is down 4% over the past week, is the only token that the SEC has stated not to be a security. Ethereum, whose legal status is unclear, is down 7%. The two tokens are by far the biggest cryptocurrencies by market cap. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", 'Bi tcoin tr aded f lat in Mo nday mo rning tr ading in A sia a fter a s lide o ver t he we ekend in t hin vo lumes d rove t he t oken u nder US$ 26,000. E ther fo llowed a si milar tr end. M ost o ther t op 10 non- stablecoin crypt ocurrencies f ell as inv estors ex ited in t he f ace of t he U .S. Sec urities a nd Ex change Comm ission\x92s ( SEC) cra ckdown on cryp tocurrency exc hanges. Crypto slump Bi tcoin a dded 0.02% o ver t he l ast 24 h ours to US$ 25,901 at 7:00 a .m. in H ong K ong, w hile po sting a 5% d rop f or t he p ast s even d ays. E ther e dged d own 0.05% to US$ 1,754, lo gging a 7.8% l oss f or t he w eek. T he cr ypto ma rket is s till de aling w ith t he impl ications of t he U .S. Sec urities a nd Ex change Comm ission ( SEC) dec laring 68 crypt ocurrencies ill egally is sued fin ancial sec urities l ast we ek in i ts l aws uit s ag ainst cr ypto exc hanges Binance.US a nd Coinbase . The list includes several top 10 cryptocurrencies \x97 Solana, Cardano, Polygon and the BNB token issued by Binance. U.S .-based tr ading se rvice Rob inhood Fin ancial said on Fr iday it w ill e nd su pport f or Ca rdano, Po lygon a nd So lana f rom J une 27. Rob inhood h ad a bout 11.4 mi llion mo nthly ac tive us ers, w ith U S$62 bi llion in as sets u nder man agement as of Q4 2022, acc ording to Investing in the Web . Solana posted the biggest fall among top 10 crypto tokens on Monday morning with a 2.35% decline to US$15.48. The cryptocurrency has lost 30% of its value over the past week. On Sat urday, t he So lana Fou ndation s aid it disagreed w ith t he S EC\x92s clas sification of i ts t oken as a sec urity, w hile st ating it we lcomes \x93co ntinued eng agement of poli cymakers as cons tructive pa rtners on reg ulation to ac hieve l egal cla rity.\x94 Po lygon L abs a lso po sted a s tate ment on Tw itter Su nday w hich s aid its blockchain network and the accompanying cryptocurrency Matic was dev eloped a nd de ployed ou tside t he U .S. \x93G iven o ur f ocus on ne twork sec urity, we m ade s ure M ATIC w as ava ilable to a w ide g roup of pe rsons, b ut o nly w ith ac tions t hat d id n ot ta rget t he US at a ny ti me,\x94 t he sta tement s aid. Story continues Matic gained 3.28% to US$0.6343 on Monday morning, but is down more than 29% over the week. Car dano\x92s A da t oken l ost 2.23% to US$ 0.2727 in a 28.35% we ekly mar kdown. Ca rdano dev eloper I nput Ou tput Gl obal ( IOG) w as t he f irst to re spond to t he S EC\x92s cl aims in a sta tement published J une 7. \x93 The fi ling co ntains nu merous fa ctual inac curacies a nd w ill n ot im pact I OG\x92s ope rations in a ny w ay. U nder no circ umstances is A DA a se curity u nder U .S. sec urities l aws. It n ever h as be en,\x94 t he co mpany st ated. BNB, Binance\x92s native token, dipped 1.66% on Monday morning to US$235.59, losing 23% in the last seven days. Last Monday, the SEC filed a lawsuit against Binance, its U.S. branch, and chief executive officer Changpeng Zhao. Binance faces 13 charges in the lawsuit, including allegations of fraud, the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program. A day after the SEC filed its lawsuit against Binance, the regulator sued Coinbase, the largest crypto exchange in the U.S., for allegedly violating securities rules. T he t otal cryp tocurrency ma rket c ap l ost 0.42% to US $1.05 tr illion in t he l ast 24 ho urs, w hile d aily tr ading vo lume dr opped 55.72% to US $24.16 bi llion, acc ording to Coin MarketCap data . NFT outlook The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In t he non- fungible t oken ( NFT) ma rket, t he Fo rkast 500 N FT i ndex ga ined 0.94% to 3,090.88 in t he 24 h ours to 9:00 a .m. in H ong K ong. T he in dex, ho wever, is d own 5.32% f or t he w eek. T otal N FT s ales f ell 19.80% to US $18.1 mi llion, w hile s ales on Et hereum f ell 14.63% o ver t he l ast 24 h ours to US $13.55 mi llion, acc ording to CryptoSlam d ata. The SEC-led regulatory clampdown in the U.S. is unlikely to discourage growth in the NFT sector, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93D uring t his n ew p hase of sc rutiny o n, w ell, eve rything on t he blo ckchain, t he N FT com munity h as re ally ba nded to gether to su pport t he bui lders,\x94 Pe tscher wrote . \x93B itcoin N FTs a re s till g oing par abolic, t he Po lygon blo ckchain is te asing som ething m ajor \x85 a rt s ales k eep ri pping, a nd t here a re s ome m ajor deve lopments co ming re lated to inte llectual pr operty lic ensing f or N FT hol ders.\x94 Ethe reum-based B ored A pe Y acht C lub re corded t he hi ghest in s ales in t he p ast 24 ho urs, ad ding 1.22% to US $2.27 mi llion. Mythos chain-based DMarket collection recorded US$1.06 million in daily sales, placing second on Cryptoslam\x92s ranking despite slipping 8.21% in the previous day. U.S. stock futures edge higher U.S. Federal Reserve Chair Jerome Powell \| Image: Getty Images U.S. stock futures rose as of 10:10 a.m. in Hong Kong after major U.S. stock indexes posted gains last week. Dow Jones Industrial Average futures added 0.027%, and S&P 500 futures rose 0.14%. Nasdaq Futures also gained 0.23%. Last Friday, the Dow Jones Industrial Average climbed 0.13%. The S&P 500 added 0.11%, and Nasdaq Composite Index rose 0.16%. Investors this week have the U.S. Consumer Price Index, a key inflation indicator, released on Tuesday, followed by the Federal Open Market Committee meeting on June 13 and 14. The Fed is expected to leave interest rates unchanged at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022. The CME FedWatch Tool predicts a 73.6% chance the Fed will leave rates as is at this week\x92s meeting, and a 26.4% chance for another 25-basis-point rate hike. However, former Fed vice chair Roger Ferguson told CNBC last Friday that there may be more rate hikes in the rest of the year even if the central bank decides to skip the increase this meeting. (updates with equity section)', 'BitcointradedflatinMondaymorningtradinginAsiaafteraslideovertheweekendinthinvolumesdrovethetokenunderUS$26,000.Etherfollowedasimilartrend.Mostothertop10non-stablecoincryptocurrenciesfellasinvestorsexitedinthefaceoftheU.S.SecuritiesandExchangeCommission’s(SEC)crackdownoncryptocurrencyexchanges.\nBitcoinadded0.02%overthelast24hourstoUS$25,901at7:00a.m.inHongKong,whilepostinga5%dropforthepastsevendays.Etheredgeddown0.05%toUS$1,754,logginga7.8%lossfortheweek.\nThecryptomarketisstilldealingwiththeimplicationsoftheU.S.SecuritiesandExchangeCommission(SEC)declaring68cryptocurrenciesillegallyissuedfinancialsecuritieslastweekinitslawsuitsagainstcryptoexchangesBinance.USandCoinbase.\nThe list includes several top 10 cryptocurrencies — Solana, Cardano, Polygon and the BNB token issued by Binance.\nU.S.-basedtradingserviceRobinhoodFinancialsaidonFridayitwillendsupportforCardano,PolygonandSolanafromJune27.Robinhoodhadabout11.4millionmonthlyactiveusers,withUS$62billioninassetsundermanagementasofQ42022,accordingtoInvesting in the Web.\nSolana posted the biggest fall among top 10 crypto tokens on Monday morning with a 2.35% decline to US$15.48. The cryptocurrency has lost 30% of its value over the past week.\nOnSaturday,theSolanaFoundationsaiditdisagreedwiththeSEC’sclassificationofitstokenasasecurity,whilestatingitwelcomes“continuedengagementofpolicymakersasconstructivepartnersonregulationtoachievelegalclarity.”\nPolygonLabsalsopostedastatementonTwitterSundaywhichsaidits blockchain network and the accompanying cryptocurrency Matic wasdevelopedanddeployedoutsidetheU.S.“Givenourfocusonnetworksecurity,wemadesureMATICwasavailabletoawidegroupofpersons,butonlywithactionsthatdidnottargettheUSatanytime,”thestatementsaid.\nMatic gained 3.28% to US$0.6343 on Monday morning, but is down more than 29% over the week.\nCardano’sAdatokenlost2.23%toUS$0.2727ina28.35%weeklymarkdown.CardanodeveloperInputOutputGlobal(IOG)wasthefirsttorespondtotheSEC’sclaimsinastatementpublishedJune7.“ThefilingcontainsnumerousfactualinaccuraciesandwillnotimpactIOG’soperationsinanyway.UndernocircumstancesisADAasecurityunderU.S.securitieslaws.Itneverhasbeen,”thecompanystated.\nBNB, Binance’s native token, dipped 1.66% on Monday morning to US$235.59, losing 23% in the last seven days.\nLast Monday, the SEC filed a lawsuit against Binance, its U.S. branch, and chief executive officer Changpeng Zhao. Binance faces 13 charges in the lawsuit, including allegations of fraud, the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program.\nA day after the SEC filed its lawsuit against Binance, the regulator sued Coinbase, the largest crypto exchange in the U.S., for allegedly violating securities rules.\nThetotalcryptocurrencymarketcaplost0.42%toUS$1.05trillioninthelast24hours,whiledailytradingvolumedropped55.72%toUS$24.16billion,accordingtoCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nInthenon-fungibletoken(NFT)market,theForkast500NFTindexgained0.94%to3,090.88inthe24hoursto9:00a.m.inHongKong.Theindex,however,isdown5.32%fortheweek.\nTotalNFTsalesfell19.80%toUS$18.1million,whilesalesonEthereumfell14.63%overthelast24hourstoUS$13.55million,accordingtoCryptoSlamdata.\nThe SEC-led regulatory clampdown in the U.S. is unlikely to discourage growth in the NFT sector, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Duringthisnewphaseofscrutinyon,well,everythingontheblockchain,theNFTcommunityhasreallybandedtogethertosupportthebuilders,”Petscherwrote.“BitcoinNFTsarestillgoingparabolic,thePolygonblockchainisteasingsomethingmajor…artsaleskeepripping,andtherearesomemajordevelopmentscomingrelatedtointellectualpropertylicensingforNFTholders.”\nEthereum-basedBoredApeYachtClubrecordedthehighestinsalesinthepast24hours,adding1.22%toUS$2.27million.\nMythos chain-based DMarket collection recorded US$1.06 million in daily sales, placing second on Cryptoslam’s ranking despite slipping 8.21% in the previous day.\nU.S. stock futures rose as of 10:10 a.m. in Hong Kong after major U.S. stock indexes posted gains last week. Dow Jones Industrial Average futures added 0.027%, and S&P 500 futures rose 0.14%. Nasdaq Futures also gained 0.23%.\nLast Friday, the Dow Jones Industrial Average climbed 0.13%. The S&P 500 added 0.11%, and Nasdaq Composite Index rose 0.16%.\nInvestors this week have the U.S. Consumer Price Index, a key inflation indicator, released on Tuesday, followed by the Federal Open Market Committee meeting on June 13 and 14. The Fed is expected to leave interest rates unchanged at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022.\nTheCME FedWatch Toolpredicts a 73.6% chance the Fed will leave rates as is at this week’s meeting, and a 26.4% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that there may be more rate hikes in the rest of the year even if the central bank decides to skip the increase this meeting.\n(updates with equity section)', 'BitcointradedflatinMondaymorningtradinginAsiaafteraslideovertheweekendinthinvolumesdrovethetokenunderUS$26,000.Etherfollowedasimilartrend.Mostothertop10non-stablecoincryptocurrenciesfellasinvestorsexitedinthefaceoftheU.S.SecuritiesandExchangeCommission’s(SEC)crackdownoncryptocurrencyexchanges.\nBitcoinadded0.02%overthelast24hourstoUS$25,901at7:00a.m.inHongKong,whilepostinga5%dropforthepastsevendays.Etheredgeddown0.05%toUS$1,754,logginga7.8%lossfortheweek.\nThecryptomarketisstilldealingwiththeimplicationsoftheU.S.SecuritiesandExchangeCommission(SEC)declaring68cryptocurrenciesillegallyissuedfinancialsecuritieslastweekinitslawsuitsagainstcryptoexchangesBinance.USandCoinbase.\nThe list includes several top 10 cryptocurrencies — Solana, Cardano, Polygon and the BNB token issued by Binance.\nU.S.-basedtradingserviceRobinhoodFinancialsaidonFridayitwillendsupportforCardano,PolygonandSolanafromJune27.Robinhoodhadabout11.4millionmonthlyactiveusers,withUS$62billioninassetsundermanagementasofQ42022,accordingtoInvesting in the Web.\nSolana posted the biggest fall among top 10 crypto tokens on Monday morning with a 2.35% decline to US$15.48. The cryptocurrency has lost 30% of its value over the past week.\nOnSaturday,theSolanaFoundationsaiditdisagreedwiththeSEC’sclassificationofitstokenasasecurity,whilestatingitwelcomes“continuedengagementofpolicymakersasconstructivepartnersonregulationtoachievelegalclarity.”\nPolygonLabsalsopostedastatementonTwitterSundaywhichsaidits blockchain network and the accompanying cryptocurrency Matic wasdevelopedanddeployedoutsidetheU.S.“Givenourfocusonnetworksecurity,wemadesureMATICwasavailabletoawidegroupofpersons,butonlywithactionsthatdidnottargettheUSatanytime,”thestatementsaid.\nMatic gained 3.28% to US$0.6343 on Monday morning, but is down more than 29% over the week.\nCardano’sAdatokenlost2.23%toUS$0.2727ina28.35%weeklymarkdown.CardanodeveloperInputOutputGlobal(IOG)wasthefirsttorespondtotheSEC’sclaimsinastatementpublishedJune7.“ThefilingcontainsnumerousfactualinaccuraciesandwillnotimpactIOG’soperationsinanyway.UndernocircumstancesisADAasecurityunderU.S.securitieslaws.Itneverhasbeen,”thecompanystated.\nBNB, Binance’s native token, dipped 1.66% on Monday morning to US$235.59, losing 23% in the last seven days.\nLast Monday, the SEC filed a lawsuit against Binance, its U.S. branch, and chief executive officer Changpeng Zhao. Binance faces 13 charges in the lawsuit, including allegations of fraud, the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program.\nA day after the SEC filed its lawsuit against Binance, the regulator sued Coinbase, the largest crypto exchange in the U.S., for allegedly violating securities rules.\nThetotalcryptocurrencymarketcaplost0.42%toUS$1.05trillioninthelast24hours,whiledailytradingvolumedropped55.72%toUS$24.16billion,accordingtoCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nInthenon-fungibletoken(NFT)market,theForkast500NFTindexgained0.94%to3,090.88inthe24hoursto9:00a.m.inHongKong.Theindex,however,isdown5.32%fortheweek.\nTotalNFTsalesfell19.80%toUS$18.1million,whilesalesonEthereumfell14.63%overthelast24hourstoUS$13.55million,accordingtoCryptoSlamdata.\nThe SEC-led regulatory clampdown in the U.S. is unlikely to discourage growth in the NFT sector, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Duringthisnewphaseofscrutinyon,well,everythingontheblockchain,theNFTcommunityhasreallybandedtogethertosupportthebuilders,”Petscherwrote.“BitcoinNFTsarestillgoingparabolic,thePolygonblockchainisteasingsomethingmajor…artsaleskeepripping,andtherearesomemajordevelopmentscomingrelatedtointellectualpropertylicensingforNFTholders.”\nEthereum-basedBoredApeYachtClubrecordedthehighestinsalesinthepast24hours,adding1.22%toUS$2.27million.\nMythos chain-based DMarket collection recorded US$1.06 million in daily sales, placing second on Cryptoslam’s ranking despite slipping 8.21% in the previous day.\nU.S. stock futures rose as of 10:10 a.m. in Hong Kong after major U.S. stock indexes posted gains last week. Dow Jones Industrial Average futures added 0.027%, and S&P 500 futures rose 0.14%. Nasdaq Futures also gained 0.23%.\nLast Friday, the Dow Jones Industrial Average climbed 0.13%. The S&P 500 added 0.11%, and Nasdaq Composite Index rose 0.16%.\nInvestors this week have the U.S. Consumer Price Index, a key inflation indicator, released on Tuesday, followed by the Federal Open Market Committee meeting on June 13 and 14. The Fed is expected to leave interest rates unchanged at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022.\nTheCME FedWatch Toolpredicts a 73.6% chance the Fed will leave rates as is at this week’s meeting, and a 26.4% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that there may be more rate hikes in the rest of the year even if the central bank decides to skip the increase this meeting.\n(updates with equity section)', "the Qie wallet is all set to transform the space for good London, England, June 11, 2023 (GLOBE NEWSWIRE) -- Qi blockchain launches a futuristic wallet that is suitable for everyones needs. The traditional baking systems are fragile, and even though significant upgrades have boosted performance, enhanced security, and ensured seamless user experience, things are far from perfect. And the fall of Credit Suisse, a leading personal banking solution, further validates this. Besides, account breaches in the recent past have been at an all-time high, with users facing the maximum brunt. In the ever-changing landscape, there must be a solution that caters to the needs of users across the globe, even those without access to the right resources or living in remote parts. And this is where the Qie Wallet comes into the picture. We hope that one day every kid's first bank account will be a QIE Wallet. Developed on the Qi blockchain, one designed for finance, the Qie wallet is all set to transform the space for good. Charging an extremely low gas fee and offering real-time execution of transactions, Qi is destined to be the future of the industry. And with its expansion to the world of banking and finance, things look more promising than ever. The Qi wallet is being proclaimed as the wallet of the future, ensuring users get the possible experience with minimal effort on their end. The Qie wallet is designed to integrate and offer users every feature through a single platform. So, there\x92s no need to install 40+ apps when all the features can be clubbed into one and accessed seamlessly. It will be revolutionary and serve as the precursor to future market changes. Document storage, health record, original qualifications, tickets are all NFT use cases within the QIE wallet and a place to store all your digital assets. Besides, the Qie wallet intends to achieve a lot more, and one of these is highlighted by the fact that it taps into mobile airtime to ensure enhanced reach since it\x92s accessible to everyone. With the Qie wallet, airtime can easily be converted into digital money in no time. So, even people living in the remotest of areas can now be a part of the blockchain revolution, access investment options, and accrue never seen before returns. And there\x92s a lot more. Let\x92s find out! Story continues Benefits of using the Qie wallet When talking about the Qi wallet, there\x92s a long list of benefits, and not all can be included in a single piece of writing unless it\x92s an elaborate whitepaper . But here are the few prominent ones a user should know about: Enhanced security : The Qie wallet is one of the most secure wallets out there, given the fact that it employs smart contracts and advanced security protocols. Besides, to ensure unmatched security and provide a seamless transfer experience, Qie is ISO20022 compliant, which has been pretty much standardized. In simple words, this results in better compatibility and simplified transactions between the involved parties, making it an excellent payment solution for banks, their clients, as well as individual users. Fast and reliable : When we talk of blockchain-based wallets, a critical requirement is reliability and speed. And none of the popular options seem to offer the latter. Bitcoin, for instance, takes 1 hour to process transactions, and that too at a speed of 4.6 tps. It\x92s pretty much the same for Ethereum, where the tps (transactions per second) are capped at 20 while processing one takes roughly 5-20 minutes. On the contrary, Qi promises to deliver where other market players seem to fail. With Qi, it takes merely 8 seconds to complete a transfer and can process 2000 tps, which is slated to increase to 10,000 real soon. Decentralized : Decentralization is a crucial idea emerging in the blockchain space, and it aims to eliminate the need for third-party interference in transactions, thus boosting security. Besides, it has another vital benefit. The more players involved, the higher the transaction fee. And with Qi as a decentralized blockchain employing the Proof of Work (PoW) consensus mechanism, this leads to a lower transaction fee. Besides, the advanced backend tools ensure even lower gas fees compared to other blockchains in the space. Offers vital features : While crypto wallets were originally meant to store funds, it isn\x92t the case anymore, with Qi leading the change from the front. With the Qi wallet, you can trade in cryptocurrencies, stake funds to earn a passive income, play De-Fi games, explore a wide range of entertainment options, buy and sell NFTs of every kind, transfer funds to friends and family across the globe at a negligible fee, and take help from AI-based tools in picking out the right stocks. In the coming days, users can also upload their KYC details, health records, and even the will securely to the wallet. Accessible to all : Accessibility is often a major barrier in the wide-scale adoption of blockchain technology, but with Qi introducing a feature where airtime can be transformed into digital money, anyone with a mobile can join and explore the diverse space and benefit from the effortless and profitable trading options. The Qie wallet is here to stay for long and has already captivated many. It plans to onboard 100 million users, and it\x92s a perfectly realistic figure, given that 7 out of 10 people in South America don\x92t have a bank account. While others will join after it becomes a household name, crypto enthusiasts, as well as users with an understanding of the industry, are already registering for their Qie wallet. And you should, too, in order to enjoy the maximum benefits. To find out more about the Qi blockchain, visit the official website: https://qiblockchain.online/ Also, follow the Qi blockchain on all channels to stay updated with the latest developments: Twitter: https://twitter.com/qiblockchain Instagram: https://www.instagram.com/qiblockchain.online Facebook: https://www.facebook.com/QiBlockchain Discord: https://discord.gg/9HCNTyqkwa Reddit: https://www.reddit.com/r/qiblockchain/ Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Media Contact: Contact Person: QIE Marketing Team Company: QIE Blockchain Email: [email protected] Location: London, England Website: https://qiblockchain.online/", "the Qie wallet is all set to transform the space for good\nLondon, England, June 11, 2023 (GLOBE NEWSWIRE) -- Qi blockchain launches a futuristic wallet that is suitable for everyones needs. The traditional baking systems are fragile, and even though significant upgrades have boosted performance, enhanced security, and ensured seamless user experience, things are far from perfect. And the fall of Credit Suisse, a leading personal banking solution, further validates this. Besides, account breaches in the recent past have been at an all-time high, with users facing the maximum brunt. In the ever-changing landscape, there must be a solution that caters to the needs of users across the globe, even those without access to the right resources or living in remote parts. And this is where the Qie Wallet comes into the picture. We hope that one day every kid's first bank account will be a QIE Wallet.\nDeveloped on the Qi blockchain, one designed for finance, the Qie wallet is all set to transform the space for good. Charging an extremely low gas fee and offering real-time execution of transactions, Qi is destined to be the future of the industry. And with its expansion to the world of banking and finance, things look more promising than ever. The Qi wallet is being proclaimed as the wallet of the future, ensuring users get the possible experience with minimal effort on their end.\nThe Qie wallet is designed to integrate and offer users every feature through a single platform. So, there’s no need to install 40+ apps when all the features can be clubbed into one and accessed seamlessly. It will be revolutionary and serve as the precursor to future market changes. Document storage, health record, original qualifications, tickets are all NFT use cases within the QIE wallet and a place to store all your digital assets.\nBesides, the Qie wallet intends to achieve a lot more, and one of these is highlighted by the fact that it taps into mobile airtime to ensure enhanced reach since it’s accessible to everyone. With the Qie wallet, airtime can easily be converted into digital money in no time. So, even people living in the remotest of areas can now be a part of the blockchain revolution, access investment options, and accrue never seen before returns. And there’s a lot more. Let’s find out!\nBenefits of using the Qie wallet\nWhen talking about the Qi wallet, there’s a long list of benefits, and not all can be included in a single piece of writing unless it’s anelaborate whitepaper. But here are the few prominent ones a user should know about:\n• Enhanced security: The Qie wallet is one of the most secure wallets out there, given the fact that it employs smart contracts and advanced security protocols. Besides, to ensure unmatched security and provide a seamless transfer experience, Qie is ISO20022 compliant, which has been pretty much standardized. In simple words, this results in better compatibility and simplified transactions between the involved parties, making it an excellent payment solution for banks, their clients, as well as individual users.\n• Fast and reliable: When we talk of blockchain-based wallets, a critical requirement is reliability and speed. And none of the popular options seem to offer the latter. Bitcoin, for instance, takes 1 hour to process transactions, and that too at a speed of 4.6 tps. It’s pretty much the same for Ethereum, where the tps (transactions per second) are capped at 20 while processing one takes roughly 5-20 minutes. On the contrary, Qi promises to deliver where other market players seem to fail. With Qi, it takes merely 8 seconds to complete a transfer and can process 2000 tps, which is slated to increase to 10,000 real soon.\n• Decentralized: Decentralization is a crucial idea emerging in the blockchain space, and it aims to eliminate the need for third-party interference in transactions, thus boosting security. Besides, it has another vital benefit. The more players involved, the higher the transaction fee. And with Qi as a decentralized blockchain employing the Proof of Work (PoW) consensus mechanism, this leads to a lower transaction fee. Besides, the advanced backend tools ensure even lower gas fees compared to other blockchains in the space.\n• Offers vital features: While crypto wallets were originally meant to store funds, it isn’t the case anymore, with Qi leading the change from the front. With the Qi wallet, you can trade in cryptocurrencies, stake funds to earn a passive income, play De-Fi games, explore a wide range of entertainment options, buy and sell NFTs of every kind, transfer funds to friends and family across the globe at a negligible fee, and take help from AI-based tools in picking out the right stocks. In the coming days, users can also upload their KYC details, health records, and even the will securely to the wallet.\n• Accessible to all: Accessibility is often a major barrier in the wide-scale adoption of blockchain technology, but with Qi introducing a feature where airtime can be transformed into digital money, anyone with a mobile can join and explore the diverse space and benefit from the effortless and profitable trading options.\nThe Qie wallet is here to stay for long and has already captivated many. It plans to onboard 100 million users, and it’s a perfectly realistic figure, given that 7 out of 10 people in South America don’t have a bank account. While others will join after it becomes a household name, crypto enthusiasts, as well as users with an understanding of the industry, are already registering for their Qie wallet. And you should, too, in order to enjoy the maximum benefits.\nTo find out more about the Qi blockchain, visit the official website:https://qiblockchain.online/\nAlso, follow the Qi blockchain on all channels to stay updated with the latest developments:\nTwitter:https://twitter.com/qiblockchain\nInstagram:https://www.instagram.com/qiblockchain.online\nFacebook:https://www.facebook.com/QiBlockchain\nDiscord:https://discord.gg/9HCNTyqkwa\nReddit:https://www.reddit.com/r/qiblockchain/\nDisclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.\nMedia Contact:\nContact Person: QIE Marketing Team\nCompany: QIE Blockchain\nEmail: [email protected]\nLocation: London, England\nWebsite:https://qiblockchain.online/", 'Good morning. Here’s what’s happening:\nPrices:Amid regulatory challenges and liquidity issues, the crypto market, especially bitcoin (BTC) and ether (ETH), remains resilient.\nInsights:Why can\'t crypto exchanges have more simple corporate structures?\nCoinDesk Market Index (CMI)\n1,096\n−6.3▼0.6%\nBitcoin (BTC)\n$25,912\n+99.0▲0.4%\nEthereum (ETH)\n$1,748\n−2.9▼0.2%\nS&P 500\n4,298.86\n+4.9▲0.1%\nGold\n$1,975\n+12.5▲0.6%\nNikkei 225\n32,265.17\n+623.9▲2.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,096", "\\u22126.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,912", "+99.0\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,748", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,298.86", "+4.9\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "+12.5\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,265.17", "+623.9\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBuying Pressure is Keeping Bitcoin From Dipping More\nWhat a week it was.\nU.S. regulators are on a warpath, going aftermajor cryptoexchangesand declaring a handful ofmajor altcoins as securities– a scarlet letter in crypto terms.\nBut the crypto market is proving resilient.\nBitcoin is opening the Asia trading week up0.4% to $25,912, whileether is slightly down to $1,748.\n“The liquidity situation has worsened considerably. This is exacerbated by the departure of institutional investors from the market, particularly US-based market makers, who anticipate potential scrutiny from the SEC,” said Johnny Teng, Senior Researcher at LBank Labs, in a note to CoinDesk. “While the S&P 500 continues to achieve new monthly highs, the crypto market remains troublesome.”\nTeng says that bitcoin\'s performance remains robust amidst minimal selling interest in both bitcoin and ether. Notable factors, such as interest rates, stablecoin outflow trends, policy-related news in the US, China, and Europe, and cryptocurrency sector developments are under close observation by Teng\'s team to see what finally moves the needle.\nIn a note to CoinDesk, BitBull Capital’s Joe DiPasquale pointed to bitcoin’s support at $25K as still holding up “reasonably well”, but the upcoming release of new Federal Open Market Committee (FOMC) minutes could change that.\n“Moving forward, market participants will do well to keep an eye on indications from regulators and decisions taken by Binance, Coinbase, and other exchanges,” he said.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.2%", "DACS Sector": "Currency"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22123.4%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.1%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.9%", "DACS Sector": "Smart Contract Platform"}]\nA Plea for a More Simplistic Corporate Structure\nIn the early days of FTX’s bankruptcy proceedings, its restructuring team published a chart of its corporate structure.\nSam Bankman-Fried’s former empire had 300 employees but controlled 130 companies when itfiled for bankruptcyin November 2022.\nAll companies have subsidiaries, but companies that have this many subsidiaries are infinitely more complex operations. General Motors, a multinational with dozens of international partnerships and multiple product lines, has455 subsidiariesfor its$156.73 billion in revenueand 167,000 employees.\nTo be sure, some of FTX’s subsidiaries had a bonafide purpose. It needed to separate its licensed derivative business out from the corporate mothership; some of the major markets it operated in, like Japan, had separate entities because of thenuances of the market.\nOthers have pointed to Bankman-Fried’s father, Joseph Bankman, as thearchitect of the FTX leviathan, given that he’s a professor specializing in taxation at Stanford Law.\nThese days FTX is relatively out of the spotlight as Bankman-Fried’s trial is months away. Now, it’s Binance that’s under the gun as its faces dual cases from theCFTCandSEC.\nSEC Chair Gary Genslertold Bloomberg in an interviewthat there are parallels between FTX and Binance. Both are being accused of comingling, for start.\nBut deeper than that are the similarities between Binance and FTX’s corporate structures.\nAs part of recent legal actions against Binance, the SEC listed out the dozens of corporate entities controlled by Changpeng ‘CZ’ Zhao in arecent court filing.Inca Digital, a crypto forensics company, recently published amore comprehensive listwhich shows the web of firms connected to CZ and top Binance associates.\nCertainly, there are legitimate uses for such a long list of companies. But the parallels between FTX and Binance that SEC Chair Gensler alluded to continue with their corporate structures.\nCZ, for instance, often uses his personal name and personal accounts in Binance company operations, noted Inca Digital. The SEC also noted this in its complaint against Zhao (though Binance hasdenied any wrongdoing) as part of its accusations of comingling.\nConsider this a plea for a more simplistic corporate structure for crypto companies.\nFTX’s restructuring team is chargingtens of millions of dollars a monthas they spend countless manhours picking apart its corporate web. Binance’s claims that CZ did nothing wrong would be more easily believed should its transactions look more straightforward to a trained eye: if Binance didn’t rely so much on companies controlled by CZ, then it wouldn’t look like comingling to the SEC’s accountants.\nFor the record, Coinbase has 15 subsidiaries, according to a Feb. 2023filing with the SEC. So it is possible to be a large crypto exchange and have a corporate structure that would fit on an A4 piece of paper.\n2 p.m. HKT/SGT(6 a.m. UTC):Japan machine tool orders (May/YoY)\n3 p.m. HKT/SGT(7 a.m. UTC):China M2 money supply/loans (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance.US Suspends Dollar Deposits\nBinance.USsays it\'s temporarily transitioning to an all-crypto exchange as of June 13, citing regulatory pressures from the U.S. Securities and Exchange Commission (SEC), which targeted the company with a major enforcement action this week. CoinDesk Global Policy & Regulation Managing Editor Nik De broke down the latest developments. And, AdvisorShares ETF Strategist Mackenzie Peterson took a look at the markets. Plus, co-founder and CEO Zachary Townsend discussed what the bitcoin-denominated life insurance provider plans to do with $19M in funding.\nBitcoin Dominance Surges, Accounting For Nearly Half of The $1T Crypto Market, Amid Altcoin Selloff:Bitcoin\'s dominance rate neared the 50% mark early Saturday as altcoin crash triggered a flight to safety.\nSOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations:Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.\nCustodia\'s Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules:The crypto-friendly bank was also denied immediate membership with the Federal Reserve, with the court saying Custodia could pursue membership through other channels.\nBinance and Coinbase: Experts Weigh What’s Coming Next:Will the SEC win? Will Binance close in the U.S.? What will Congress do? As the SEC launches wide-ranging suits against crypto’s biggest players, we asked a range of experts to peer into Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $501,788,921,156 - Hash Rate: 399859029.4740175 - Transaction Count: 370634.0 - Unique Addresses: 617352.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% in the week through April 14 to trade at US$30,688 at 9:15 p.m. on Friday in Hong Kong.Etherrose 13.16% in the same period to US$2,100. It’s been an eventful week for crypto and the global economy. Bitcoin broke US$30,000for the first time since June 2022, days after the blockchain surpassed1 million Ordinalsinscriptions, generating over US$4.8 million in fees for the network. Ordinals are likened to non-fungible tokens (NFTs) on Bitcoin and allow users to mint images, videos, text and even video games. Investor sentiment ticked up after Ethereum completed theShanghai upgradeon Wednesday, enabling staking withdrawals for the first time. Ether broke through the US$2,000 ceiling for the first time since August last year, snuffing out initial concerns that Ether withdrawals would addselling pressureon the world’s second-largest cryptocurrency. Even if Ether are unstaked, it does not necessarily mean that people are going to sell, because they could also use it for other DeFi investments, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. On economy readings, the U.S. consumer price index (CPI) released on Wednesday showed a cooler-than-expected inflation gain of 5% in March on year, the smallest increase since May 2021. U.S. equities rallied Thursday on softer readings in the U.S. producer price index and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. The seeming slowdown in inflation could encourage investors and hedge funds to buy Bitcoin, said Marat Minkin, co-founder of decentralized finance payment appTONBanking. Lower inflation usually encourages investors to take a more aggressive risk stance for assets like Bitcoin, said Minkin in emailed comments. John Isige, an analyst at crypto trading platformVauld, said that Bitcoin’s gains this year show it is maturing as an asset class and that it offers a hedge against economic uncertainty. “Bitcoin is definitely at the start of a bull run. Volumes are still low but holding US$30,000 could keep small retail traders streaming into the market,” Isige said in a LinkedIn response toForkast.The latest CPI data shows inflation is easing in the U.S. and that is encouraging, he said. However, Brian Santos, the founder of the non-profit Bitcoin Business Alliance said the token remains in bearish territory and he expects a price correction if Bitcoin does not break out well above US$30,000. Kadan Stadelmann, chief technical officer of blockchain infrastructure development firmKomodo, agreed that Bitcoin could still be in a bear market due to thin volume. The global crypto market capitalization stood at US$1.28 trillion on Friday at 9:15 p.m. in Hong Kong, up from US$1.18 trillion a week ago, according toCoinMarketCapdata. Bitcoin’s US$594 billion market cap accounted for 46.4% of the market, while Ether’s US$252 billion accounted for 19.7%. See related article:Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’ The Render Network’s token (RNDR) was this week’s biggest gainer among the top 100 coins by market capitalization listed on CoinMarketCap, rallying 24.83% to US$1.61. The token started gaining momentum on April 9, three days after the networkannouncedthe community approval of its migration to Solana. The Render Networkallows idle GPUs (graphics processing units) to beusedfor the digital rendering needed in fields like 3D modeling, gaming imagery, and virtual reality. The WOO coin, the utility token of crypto trading platformWoo Network, was this week’s second biggest gainer with a rise of 23.14% to trade at US$0.25. The token started its rally on April 10, days after crypto exchange Krakenannouncedthe launch of WOO perpetual contracts. “All eyes are on US$32,000, a resistance that may determine the beginning of a bull run. A break above this brings US$38,000 within a reachable scope,” wrote Isige. But Ikrom Ergashev, co-founder of blockchain investment analytics firmNeironix, expects Bitcoin to move sideways next week at US$29,000-32,000, he said in emailed comments. See related article:Ethereum stands firm as Shapella upgrade rolls out... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose in Tuesday morning trading in Asia, but failed to break through the US$26,000 ceiling. Ether slipped, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Solana and BNB led the losers. SEC chairman Gary Gensler doubled down on why he is suing crypto exchanges as two U.S. congressmen proposed a bill to restructure the SEC and remove Gensler. Meantime, Ripple awaits the release of critical evidence that may shape its separate legal battle with the SEC.\nBitcoin rose 0.12% over the last 24 hours to US$25,928 at 7:00 a.m. in Hong Kong, gaining 0.8% in the past seven days. Ether slipped 0.66% to US$1,742, posting a 3.6% loss for the week.\nOut of other top 10 cryptocurrencies, Solana and Binance’s BNB token were the biggest losers.\nThe two are among those that the U.S. Securities and Exchange Commission (SEC) classified as illegally issued financial securities in lawsuits filed early last week against U.S. crypto exchanges Coinbase and Binance.US. The SEC has also filed to freeze the assets of Binance.US.\nSolana lost 2.18% to US$15.20 for a weekly slump of 23.98%. The BNB token fell 2.19% to US$230.60, a drop of 16.08% over the past week.\nPolygon and Cardano – two other crypto tokens named by the SEC as securities – gained on Tuesday morning but both are still down more than 20% since the SEC action.\nPolygon rose 1.40% to US$0.6434 for a weekly fall of 22.72%. Cardano gained 1.01% to US$0.2755 while losing 21.52% in value in the past week.\nSEC chairman Gary Gensler reemphasized the agency’s determination to strictly regulate the crypto sector in a repost on Twitter of hisstatementmade last week. “There’s nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws,” Genslertweeted.\nThe backlash against Gensler’s move to sue crypto exchanges is also growing:\xa0 #FireGaryGensler was trending on Twitter Tuesday morning in Asia as U.S. Republican Congressman Warren Davidson said Monday he filed a bill to restructure the SEC and in the process remove Gensler. The bill was backed by Republican Congressman Tom Emmer, but would need support from Democrats to go anywhere.\nCharlie Morris, managing partner of blockchain-focused venture capital CMCC Global, toldForkastin an email: “Rather than offering transparent regulation, the US is regulating by enforcement. This is resulting in uncertainty for project teams and investors, and markets do not like uncertainty.”\nMorris compared the U.S. approach to other regions: “It is interesting that this very negative approach to the digital asset sector appears to be localized in the U.S. This morning [UK Prime Minister] Rishi Sunak struck a very positive tone in welcoming Web3, andHong Konghas seen some very positive developments over the last couple of months.“\nOn Monday, Sunakwelcomedcrypto and blockchain-focused venture capital investor Andreessen Horowitz (a14z), which is setting up its first office outside of the U.S. in London.\nThe XRP token rose 1.07% to US$0.5243 Tuesday morning in Asia, bringing its weekly gain to 3.87%. Ripple Labs Inc., the cryptocurrency’s supervising entity, was sued by the SEC in December 2020, alleging XRP was offered and sold as an unregistered security.\nRipple Labs Chief Executive Officer Brad Garlinghouse on Monday made reference to the so-called “Hinman documents” named after former SEC director William Hinman, who said in an earlier speech that sales of the Ether token were not securities transactions. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nIn a Mondaytweet, Garlinghouse said the documents, expected to be unsealed on Tuesday, were “worth the wait.”\nRulings in the Ripple and SEC case are expected to have ramifications across the entire crypto industry in setting how U.S. authorities classify cryptocurrencies.\nThe total cryptocurrency market cap lost 0.58% to US$1.05 trillion in the last 24 hours, while daily trading volume increased by 26.85% to US$30.58 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.64% to 2,974.36 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 9.69% for the week.\nTotal NFT sales fell 10.56% to US$19.3 million. Sales on Ethereum, the leading blockchain by volume, fell 18.31% over the last 24 hours to US$11.49 million, according to CryptoSlamdata.\n“The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings is really beginning to impact the market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Bitcoin network was the second largest NFT network in terms of sales transactions, despite losing 28.04% to US$2.1 million in the last 24 hours.\nInscriptions – the metadata added and stored into the smallest unit of Bitcoin, or Satoshis – may get anupgradeto allow them to be larger than 4 megabytes. “Now an inscription can reference another inscription, allowing more data to be stored and referenced. Generative art, games, etc, can now probably be stored on-chain,” said Petscher.\nBitcoin Ordinals and inscriptions are two new features to Bitcoin that were introduced in 2023 — Ordinals are unique identifiers for individual satoshis, while inscriptions are a way to attach metadata to satoshis.\nMythos chain-based DMarket recorded the highest sales as an NFT collection on Cryptoslam, with US$1.08 million in daily sales. DMarket is a global marketplace for trading in-game NFT items and goods that are powered by the Mythos blockchain.\nEthereum-based Bored Ape Yacht Club recorded the second highest sales in the past 24 hours of US$908,147, but that was a steep decline of 45.51% in the 24 hours.\nU.S. stock futures were little changed as of 9:50 a.m. in Hong Kong after gains in regular trading the previous day. Dow Jones Industrial Average futures fell 0.035%, while Nasdaq Futures gained 0.17%. S&P 500 futures edged 0.058% higher.\nDuring Monday’s regular trading, the Dow climbed 0.56%. The S&P 500 added 0.93%, and the Nasdaq jumped 1.53%.\nThe gains came on expectations the Federal Reserve will leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\n“Despite a stubbornly robust labour market and still too-sticky inflation, the markets now expect the world’s most influential central bank to pause its interest hike agenda this month,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email\xa0 statement.\n“This will firmly signal that progress is being made in the battle to cool inflation and this will buoy investors across the board, finally providing a boost to sectors which have been unloved so far this year,” Green added.\nThe CME FedWatch Tool predicts a 80.4% chance the Fed will leave rates as is at this week’s meeting, and a 19.6% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\nThe monthly U.S. Consumer Price Index (CPI), a key inflation indicator, is released Tuesday for May and expectations are for a reading of 4.1% from 4.9% the prior month to indicate inflation is slowing, according toReuters.\n(updates with equity section)', 'Bitcoin rose in Tuesday morning trading in Asia, but failed to break through the US$26,000 ceiling. Ether slipped, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Solana and BNB led the losers. SEC chairman Gary Gensler doubled down on why he is suing crypto exchanges as two U.S. congressmen proposed a bill to restructure the SEC and remove Gensler. Meantime, Ripple awaits the release of critical evidence that may shape its separate legal battle with the SEC. Crypto mixed Bitcoin rose 0.12% over the last 24 hours to US$25,928 at 7:00 a.m. in Hong Kong, gaining 0.8% in the past seven days. Ether slipped 0.66% to US$1,742, posting a 3.6% loss for the week. Out of other top 10 cryptocurrencies, Solana and Binance\x92s BNB token were the biggest losers. The two are among those that the U.S. Securities and Exchange Commission (SEC) classified as illegally issued financial securities in lawsuits filed early last week against U.S. crypto exchanges Coinbase and Binance.US. The SEC has also filed to freeze the assets of Binance.US. Solana lost 2.18% to US$15.20 for a weekly slump of 23.98%. The BNB token fell 2.19% to US$230.60, a drop of 16.08% over the past week. Polygon and Cardano \x96 two other crypto tokens named by the SEC as securities \x96 gained on Tuesday morning but both are still down more than 20% since the SEC action. Polygon rose 1.40% to US$0.6434 for a weekly fall of 22.72%. Cardano gained 1.01% to US$0.2755 while losing 21.52% in value in the past week. SEC chairman Gary Gensler reemphasized the agency\x92s determination to strictly regulate the crypto sector in a repost on Twitter of his statement made last week. \x93There\x92s nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws,\x94 Gensler tweeted . The backlash against Gensler\x92s move to sue crypto exchanges is also growing:\xa0 #FireGaryGensler was trending on Twitter Tuesday morning in Asia as U.S. Republican Congressman Warren Davidson said Monday he filed a bill to restructure the SEC and in the process remove Gensler. The bill was backed by Republican Congressman Tom Emmer, but would need support from Democrats to go anywhere. Story continues Charlie Morris, managing partner of blockchain-focused venture capital CMCC Global, told Forkast in an email: \x93Rather than offering transparent regulation, the US is regulating by enforcement. This is resulting in uncertainty for project teams and investors, and markets do not like uncertainty.\x94 Morris compared the U.S. approach to other regions: \x93It is interesting that this very negative approach to the digital asset sector appears to be localized in the U.S. This morning [UK Prime Minister] Rishi Sunak struck a very positive tone in welcoming Web3, and Hong Kong has seen some very positive developments over the last couple of months.\x93 On Monday, Sunak welcomed crypto and blockchain-focused venture capital investor Andreessen Horowitz (a14z), which is setting up its first office outside of the U.S. in London. The XRP token rose 1.07% to US$0.5243 Tuesday morning in Asia, bringing its weekly gain to 3.87%. Ripple Labs Inc., the cryptocurrency\x92s supervising entity, was sued by the SEC in December 2020, alleging XRP was offered and sold as an unregistered security. Ripple Labs Chief Executive Officer Brad Garlinghouse on Monday made reference to the so-called \x93Hinman documents\x94 named after former SEC director William Hinman, who said in an earlier speech that sales of the Ether token were not securities transactions. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster its fair notice defense . In a Monday tweet , Garlinghouse said the documents, expected to be unsealed on Tuesday, were \x93worth the wait.\x94 Rulings in the Ripple and SEC case are expected to have ramifications across the entire crypto industry in setting how U.S. authorities classify cryptocurrencies. The total cryptocurrency market cap lost 0.58% to US$1.05 trillion in the last 24 hours, while daily trading volume increased by 26.85% to US$30.58 billion, according to CoinMarketCap data . NFTs lose ground The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.64% to 2,974.36 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 9.69% for the week. Total NFT sales fell 10.56% to US$19.3 million. Sales on Ethereum, the leading blockchain by volume, fell 18.31% over the last 24 hours to US$11.49 million, according to CryptoSlam data . \x93The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings is really beginning to impact the market,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. The Bitcoin network was the second largest NFT network in terms of sales transactions, despite losing 28.04% to US$2.1 million in the last 24 hours. Inscriptions \x96 the metadata added and stored into the smallest unit of Bitcoin, or Satoshis \x96 may get an upgrade to allow them to be larger than 4 megabytes. \x93Now an inscription can reference another inscription, allowing more data to be stored and referenced. Generative art, games, etc, can now probably be stored on-chain,\x94 said Petscher. Bitcoin Ordinals and inscriptions are two new features to Bitcoin that were introduced in 2023 \x97 Ordinals are unique identifiers for individual satoshis, while inscriptions are a way to attach metadata to satoshis. Mythos chain-based DMarket recorded the highest sales as an NFT collection on Cryptoslam, with US$1.08 million in daily sales. DMarket is a global marketplace for trading in-game NFT items and goods that are powered by the Mythos blockchain. Ethereum-based Bored Ape Yacht Club recorded the second highest sales in the past 24 hours of US$908,147, but that was a steep decline of 45.51% in the 24 hours. U.S. stock futures hold steady Federal Reserve Chairman Jerome Powell \| Image: Getty Images U.S. stock futures were little changed as of 9:50 a.m. in Hong Kong after gains in regular trading the previous day. Dow Jones Industrial Average futures fell 0.035%, while Nasdaq Futures gained 0.17%. S&P 500 futures edged 0.058% higher. During Monday\x92s regular trading, the Dow climbed 0.56%. The S&P 500 added 0.93%, and the Nasdaq jumped 1.53%. The gains came on expectations the Federal Reserve will leave interest rates unchanged when it meets on Wednesday, according to TradingEconomics . U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage. \x93Despite a stubbornly robust labour market and still too-sticky inflation, the markets now expect the world\x92s most influential central bank to pause its interest hike agenda this month,\x94 said Nigel Green, founder and chief executive officer of financial management group deVere, in an email\xa0 statement. \x93This will firmly signal that progress is being made in the battle to cool inflation and this will buoy investors across the board, finally providing a boost to sectors which have been unloved so far this year,\x94 Green added. The CME FedWatch Tool predicts a 80.4% chance the Fed will leave rates as is at this week\x92s meeting, and a 19.6% chance for another 25-basis-point rate hike. However, former Fed vice chair Roger Ferguson told CNBC last Friday that the central bank may raise rates later in the year even if it skips this time. The monthly U.S. Consumer Price Index (CPI), a key inflation indicator, is released Tuesday for May and expectations are for a reading of 4.1% from 4.9% the prior month to indicate inflation is slowing, according to Reuters . (updates with equity section)', 'Bitcoin rose in Tuesday morning trading in Asia, but failed to break through the US$26,000 ceiling. Ether slipped, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Solana and BNB led the losers. SEC chairman Gary Gensler doubled down on why he is suing crypto exchanges as two U.S. congressmen proposed a bill to restructure the SEC and remove Gensler. Meantime, Ripple awaits the release of critical evidence that may shape its separate legal battle with the SEC.\nBitcoin rose 0.12% over the last 24 hours to US$25,928 at 7:00 a.m. in Hong Kong, gaining 0.8% in the past seven days. Ether slipped 0.66% to US$1,742, posting a 3.6% loss for the week.\nOut of other top 10 cryptocurrencies, Solana and Binance’s BNB token were the biggest losers.\nThe two are among those that the U.S. Securities and Exchange Commission (SEC) classified as illegally issued financial securities in lawsuits filed early last week against U.S. crypto exchanges Coinbase and Binance.US. The SEC has also filed to freeze the assets of Binance.US.\nSolana lost 2.18% to US$15.20 for a weekly slump of 23.98%. The BNB token fell 2.19% to US$230.60, a drop of 16.08% over the past week.\nPolygon and Cardano – two other crypto tokens named by the SEC as securities – gained on Tuesday morning but both are still down more than 20% since the SEC action.\nPolygon rose 1.40% to US$0.6434 for a weekly fall of 22.72%. Cardano gained 1.01% to US$0.2755 while losing 21.52% in value in the past week.\nSEC chairman Gary Gensler reemphasized the agency’s determination to strictly regulate the crypto sector in a repost on Twitter of hisstatementmade last week. “There’s nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws,” Genslertweeted.\nThe backlash against Gensler’s move to sue crypto exchanges is also growing:\xa0 #FireGaryGensler was trending on Twitter Tuesday morning in Asia as U.S. Republican Congressman Warren Davidson said Monday he filed a bill to restructure the SEC and in the process remove Gensler. The bill was backed by Republican Congressman Tom Emmer, but would need support from Democrats to go anywhere.\nCharlie Morris, managing partner of blockchain-focused venture capital CMCC Global, toldForkastin an email: “Rather than offering transparent regulation, the US is regulating by enforcement. This is resulting in uncertainty for project teams and investors, and markets do not like uncertainty.”\nMorris compared the U.S. approach to other regions: “It is interesting that this very negative approach to the digital asset sector appears to be localized in the U.S. This morning [UK Prime Minister] Rishi Sunak struck a very positive tone in welcoming Web3, andHong Konghas seen some very positive developments over the last couple of months.“\nOn Monday, Sunakwelcomedcrypto and blockchain-focused venture capital investor Andreessen Horowitz (a14z), which is setting up its first office outside of the U.S. in London.\nThe XRP token rose 1.07% to US$0.5243 Tuesday morning in Asia, bringing its weekly gain to 3.87%. Ripple Labs Inc., the cryptocurrency’s supervising entity, was sued by the SEC in December 2020, alleging XRP was offered and sold as an unregistered security.\nRipple Labs Chief Executive Officer Brad Garlinghouse on Monday made reference to the so-called “Hinman documents” named after former SEC director William Hinman, who said in an earlier speech that sales of the Ether token were not securities transactions. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nIn a Mondaytweet, Garlinghouse said the documents, expected to be unsealed on Tuesday, were “worth the wait.”\nRulings in the Ripple and SEC case are expected to have ramifications across the entire crypto industry in setting how U.S. authorities classify cryptocurrencies.\nThe total cryptocurrency market cap lost 0.58% to US$1.05 trillion in the last 24 hours, while daily trading volume increased by 26.85% to US$30.58 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.64% to 2,974.36 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 9.69% for the week.\nTotal NFT sales fell 10.56% to US$19.3 million. Sales on Ethereum, the leading blockchain by volume, fell 18.31% over the last 24 hours to US$11.49 million, according to CryptoSlamdata.\n“The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings is really beginning to impact the market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Bitcoin network was the second largest NFT network in terms of sales transactions, despite losing 28.04% to US$2.1 million in the last 24 hours.\nInscriptions – the metadata added and stored into the smallest unit of Bitcoin, or Satoshis – may get anupgradeto allow them to be larger than 4 megabytes. “Now an inscription can reference another inscription, allowing more data to be stored and referenced. Generative art, games, etc, can now probably be stored on-chain,” said Petscher.\nBitcoin Ordinals and inscriptions are two new features to Bitcoin that were introduced in 2023 — Ordinals are unique identifiers for individual satoshis, while inscriptions are a way to attach metadata to satoshis.\nMythos chain-based DMarket recorded the highest sales as an NFT collection on Cryptoslam, with US$1.08 million in daily sales. DMarket is a global marketplace for trading in-game NFT items and goods that are powered by the Mythos blockchain.\nEthereum-based Bored Ape Yacht Club recorded the second highest sales in the past 24 hours of US$908,147, but that was a steep decline of 45.51% in the 24 hours.\nU.S. stock futures were little changed as of 9:50 a.m. in Hong Kong after gains in regular trading the previous day. Dow Jones Industrial Average futures fell 0.035%, while Nasdaq Futures gained 0.17%. S&P 500 futures edged 0.058% higher.\nDuring Monday’s regular trading, the Dow climbed 0.56%. The S&P 500 added 0.93%, and the Nasdaq jumped 1.53%.\nThe gains came on expectations the Federal Reserve will leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\n“Despite a stubbornly robust labour market and still too-sticky inflation, the markets now expect the world’s most influential central bank to pause its interest hike agenda this month,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email\xa0 statement.\n“This will firmly signal that progress is being made in the battle to cool inflation and this will buoy investors across the board, finally providing a boost to sectors which have been unloved so far this year,” Green added.\nThe CME FedWatch Tool predicts a 80.4% chance the Fed will leave rates as is at this week’s meeting, and a 19.6% chance for another 25-basis-point rate hike.\nHowever, former Fed vice chair Roger Ferguson toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\nThe monthly U.S. Consumer Price Index (CPI), a key inflation indicator, is released Tuesday for May and expectations are for a reading of 4.1% from 4.9% the prior month to indicate inflation is slowing, according toReuters.\n(updates with equity section)', 'A new video has surfaced showing future Securities and Exchange Commission Chairman Gensler telling an audience of institutional investors that four cryptocurrencies are not securities, and that 75% of the overall crypto market at the time was outside that legal category. The video is from a crypto-themed institutional investor event hosted by Bloomberg and Fidelity in 2018, and it shows Gensler expressing sentiments that appear to contradict his more recent suggestions that all cryptocurrencies other than Bitcoin are securities. You can watch the relevant excerpt above. "Over 70% of the crypto market is Bitcoin , Ether , Litecoin, Bitcoin Cash. Why did I name those four? They’re not securities," Gensler tells the audience. "Three quarters of this [digital asset] market are not securities." The remarks came at a time when crypto was in the midst of a bull market, and precede Gensler\'s appointment as SEC chair by a little over two years. For the Bloomberg event, Gensler is identified as a senior MIT lecturer and a former chair of the Commodities Futures Trading Commission. Other videos have surfaced from Gensler\'s time at MIT that show him stating Ethereum is not a security. This video is arguably more significant since it shows the now-chair of the SEC providing guidance to hedge funds and other investors about the legal status of the crypto market. Crypto lawyer Preston Byrne has previously noted that Gensler\'s 2018 comments came in a personal capacity and not as a government official, and so are not material when it comes to the SEC\'s current legal position. Nonetheless, the comments likely will anger the crypto industry and many cryptocurrency owners, who claim Gensler failed to provide guidance about the legality of specific tokens before embarking on what many have called a "regulation by enforcement strategy." The most recent phase of Gensler\'s crackdown came last week when the SEC sued top crypto exchanges Binance and Coinbase for violating securities laws. In its legal complaints, the agency for the first time identified 13 cryptocurrencies—including major ones like Solana, Cardano, and Polygon—as securities for the first time. Story continues While Gensler has recently refused to say that Ethereum is not a security, the SEC has so far been silent about the other non-Bitcoin currencies cited in the Bloomberg speech. One of them, Litecoin, is an early competitor to Bitcoin that launched in 2011, while Bitcoin Cash was a so-called fork of the original cryptocurrency that garnered flash-in-the-pan success upon launching in 2017 but has since declined in relevance. Gensler\'s comments about the four cryptocurrencies not being securities came as part of a much broader speech during which he described crypto market dynamics and warned that many recently launched blockchain projects were outright scams. The now-SEC chair was introduced at the event as "my friend Gary Gensler" by Mike Novogratz, a hedge fund billionaire who runs the crypto fund Galaxy. The SEC declined to comment on the record about any potential conflicts between Gensler\'s 2018 remarks and the agency\'s current legal stance. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home', 'A new video has surfaced showing future Securities and Exchange Commission Chairman Gensler telling an audience of institutional investors that four cryptocurrencies are not securities, and that 75% of the overall crypto market at the time was outside that legal category.\nThe video is from a crypto-themed institutional investor event hosted by Bloomberg and Fidelity in 2018, and it shows Gensler expressing sentiments thatappear to contradicthis more recent suggestions that all cryptocurrencies other than Bitcoin are securities. You can watch the relevant excerpt above.\n"Over 70% of the crypto market isBitcoin,Ether, Litecoin, Bitcoin Cash. Why did I name those four? They’re not securities," Gensler tells the audience. "Three quarters of this [digital asset] market are not securities."\nThe remarks came at a time when crypto was in the midst of a bull market, and precede Gensler\'s appointment as SEC chair by a little over two years. For the Bloomberg event, Gensler is identified as a senior MIT lecturer and a former chair of the Commodities Futures Trading Commission.\nOther videos have surfaced from Gensler\'s time at MIT that show him stating Ethereum is not a security. This video is arguably more significant since it shows the now-chair of the SEC providing guidance to hedge funds and other investors about the legal status of the crypto market.\nCrypto lawyer Preston Byrne has previouslynotedthat Gensler\'s 2018 comments came in a personal capacity and not as a government official, and so are not material when it comes to the SEC\'s current legal position. Nonetheless, the comments likely will anger the crypto industry and many cryptocurrency owners, who claim Gensler failed to provide guidance about the legality of specific tokens before embarking on what many have called a "regulation by enforcement strategy."\nThe most recent phase of Gensler\'s crackdown came last week when the SEC sued top crypto exchangesBinanceandCoinbasefor violating securities laws. In its legal complaints, the agency for the first time identified 13 cryptocurrencies—including major ones like Solana, Cardano, and Polygon—as securities for the first time.\nWhile Gensler has recentlyrefused to saythat Ethereum is not a security, the SEC has so far been silent about the other non-Bitcoin currencies cited in the Bloomberg speech. One of them, Litecoin, is an early competitor to Bitcoin that launched in 2011, while Bitcoin Cash was a so-called fork of the original cryptocurrency that garnered flash-in-the-pan success upon launching in 2017 but has since declined in relevance.\nGensler\'s comments about the four cryptocurrencies not being securities came as part of a much broader speech during which he described crypto market dynamics and warned that many recently launched blockchain projects were outright scams. The now-SEC chair was introduced at the event as "my friend Gary Gensler" by Mike Novogratz, a hedge fund billionaire who runs the crypto fund Galaxy.\nThe SEC declined to comment on the record about any potential conflicts between Gensler\'s 2018 remarks and the agency\'s current legal stance.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'Good morning. Here’s what’s happening:\nPrices:It\'s a slow day for bitcoin and ether, but exchange tokens are the next ones to watch.\nInsights:Altcoins flagged in the SEC lawsuit last week have been doing better more recently. What\'s behind their stabilizing?\nBitcoin, Ether Trade Sideways\nCoinDesk Market Index (CMI)\n1,105\n+1.4▲0.1%\nBitcoin (BTC)\n$25,990\n+68.4▲0.3%\nEthereum (ETH)\n$1,747\n−2.1▼0.1%\nS&P 500\n4,338.93\n+40.1▲0.9%\nGold\n$1,974\n+12.1▲0.6%\nNikkei 225\n32,434.00\n+168.8▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,105", "+1.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,990", "+68.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,747", "\\u22122.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,338.93", "+40.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,974", "+12.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,434.00", "+168.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nAs Asia begins its trading day, bitcoin and ether are both flat, with the world’s largest digital assetup 0.3% to $25,990andether up 0.1% to $1,747.\nAs QCP Capital wrote in a recent note, this week will be “action-packed” with the U.S. CPI and June FOMC coming down the pipe.\n“This promises volatility on the horizon, and we might finally get the break in BTC/ETH that we\'ve started positioning for this month,” QCP wrote.\nIt just, however, needs to kick off – and that hasn’t happened quite yet.\nMeanwhile, the market might be thinking that the Securities and Exchange’s (SEC) case against Binance might be more bark than bite.\nData fromNansen.aishows that flow across all the chains it tracks went back into the green for Binance. Nansen shows that during the last 24 hours, Binance had a net flow of $470 million. This is certainly a pittance to the nearly$4 billion in valuethat has departed the exchange during the last week, but it is still a material amount that should be noted.\nBinance’s BNB tokenis still well within the red, but its price has begun to stabilize.CoinGecko datashows that other exchange tokens like OKB andCrypto.com’s CRO are deeper in the red than BNB, while decentralized exchange tokens like Uniswap are up.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nAltcoins Stabilize. What\'s Next?\nThe co-founder of crypto security firm De.Fi called the relative calm in altcoins flagged by U.S. Securities and Exchange lawsuits against Binance and Coinbase last week "mean regression.\n"People say, \'here\'s a buying opportunity, and let\'s come in and pick it up," Michael Rosmer told CoinDesk TV\'s "First Mover" Program on Monday in a conversation that initially focused on his company\'s report that crypto investors had lost $54 million in rug pulls.\nRead More:Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security FirmDe.Fi\nAll but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise.\nStill, those tokens were recently in the green over the past 24 hours. "Any time you get a very rapid sell-off, people are going to buy it and push it up on the other side," Rosmer said.\nBut he also struck an upbeat note, saying that people have probably realized that U.S. agencies do not want to drive projects out of the country. "It\'s noteworthy that they went after Coinbase and Binance," he said. They haven\'t gone and sued any of these projects directly. That\'s kind of telling."\nHe added: "Part of the reason is the government in the U.S. operates largely based on lobbying influences from the financial industry, and the financial industry would like to eventually be the player who plays as Coinbase or Binance themselves, as they want to kock those guys out but then still be able to have U.S.-based projects that get traded."\n2:00 p.m. HKT/SGT(6:00 UTC)Great Britain ILO Unemployment Rate (3M/April)\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Price Index ex Food & Energy (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto\nPrices stabilized Monday for Solana\'s SOL, Cardano\'s ADA and Polygon\'s MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firmDe.Fishowed.De.Fico-founder Michael Rosmer joined to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann joined the conversation.\nPolygon Takes Wraps Off Version 2.0:The protocol calls its latest version “the value layer of the Internet.”\nCrypto Investment Funds See 8th Consecutive Week of Outflows:Unfavorable monetary and regulatory policy continue to take a toll on the industry.\nBank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong:It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.\nBinance.US Market Depth Declines 76% in June Following SEC Lawsuit:Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.\nCanada\'s Largest University Starts XRP Validator in New Partnership With Ripple:The partnership between the University of Toronto and Ripple is part of the latter\'s University Blockchain Research Initiative (UBRI) in Canada.', 'Good morning. Here’s what’s happening:\nPrices:It\'s a slow day for bitcoin and ether, but exchange tokens are the next ones to watch.\nInsights:Altcoins flagged in the SEC lawsuit last week have been doing better more recently. What\'s behind their stabilizing?\nBitcoin, Ether Trade Sideways\nCoinDesk Market Index (CMI)\n1,105\n+1.4▲0.1%\nBitcoin (BTC)\n$25,990\n+68.4▲0.3%\nEthereum (ETH)\n$1,747\n−2.1▼0.1%\nS&P 500\n4,338.93\n+40.1▲0.9%\nGold\n$1,974\n+12.1▲0.6%\nNikkei 225\n32,434.00\n+168.8▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,105", "+1.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,990", "+68.4\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,747", "\\u22122.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,338.93", "+40.1\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,974", "+12.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,434.00", "+168.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nAs Asia begins its trading day, bitcoin and ether are both flat, with the world’s largest digital assetup 0.3% to $25,990andether up 0.1% to $1,747.\nAs QCP Capital wrote in a recent note, this week will be “action-packed” with the U.S. CPI and June FOMC coming down the pipe.\n“This promises volatility on the horizon, and we might finally get the break in BTC/ETH that we\'ve started positioning for this month,” QCP wrote.\nIt just, however, needs to kick off – and that hasn’t happened quite yet.\nMeanwhile, the market might be thinking that the Securities and Exchange’s (SEC) case against Binance might be more bark than bite.\nData fromNansen.aishows that flow across all the chains it tracks went back into the green for Binance. Nansen shows that during the last 24 hours, Binance had a net flow of $470 million. This is certainly a pittance to the nearly$4 billion in valuethat has departed the exchange during the last week, but it is still a material amount that should be noted.\nBinance’s BNB tokenis still well within the red, but its price has begun to stabilize.CoinGecko datashows that other exchange tokens like OKB andCrypto.com’s CRO are deeper in the red than BNB, while decentralized exchange tokens like Uniswap are up.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nAltcoins Stabilize. What\'s Next?\nThe co-founder of crypto security firm De.Fi called the relative calm in altcoins flagged by U.S. Securities and Exchange lawsuits against Binance and Coinbase last week "mean regression.\n"People say, \'here\'s a buying opportunity, and let\'s come in and pick it up," Michael Rosmer told CoinDesk TV\'s "First Mover" Program on Monday in a conversation that initially focused on his company\'s report that crypto investors had lost $54 million in rug pulls.\nRead More:Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security FirmDe.Fi\nAll but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise.\nStill, those tokens were recently in the green over the past 24 hours. "Any time you get a very rapid sell-off, people are going to buy it and push it up on the other side," Rosmer said.\nBut he also struck an upbeat note, saying that people have probably realized that U.S. agencies do not want to drive projects out of the country. "It\'s noteworthy that they went after Coinbase and Binance," he said. They haven\'t gone and sued any of these projects directly. That\'s kind of telling."\nHe added: "Part of the reason is the government in the U.S. operates largely based on lobbying influences from the financial industry, and the financial industry would like to eventually be the player who plays as Coinbase or Binance themselves, as they want to kock those guys out but then still be able to have U.S.-based projects that get traded."\n2:00 p.m. HKT/SGT(6:00 UTC)Great Britain ILO Unemployment Rate (3M/April)\n2:00 p.m. HKT/SGT(6:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/May)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Price Index ex Food & Energy (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto\nPrices stabilized Monday for Solana\'s SOL, Cardano\'s ADA and Polygon\'s MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firmDe.Fishowed.De.Fico-founder Michael Rosmer joined to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann joined the conversation.\nPolygon Takes Wraps Off Version 2.0:The protocol calls its latest version “the value layer of the Internet.”\nCrypto Investment Funds See 8th Consecutive Week of Outflows:Unfavorable monetary and regulatory policy continue to take a toll on the industry.\nBank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong:It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.\nBinance.US Market Depth Declines 76% in June Following SEC Lawsuit:Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.\nCanada\'s Largest University Starts XRP Validator in New Partnership With Ripple:The partnership between the University of Toronto and Ripple is part of the latter\'s University Blockchain Research Initiative (UBRI) in Canada.', 'Good morning. Here’s what’s happening: Prices: It\'s a slow day for bitcoin and ether, but exchange tokens are the next ones to watch. Insights: Altcoins flagged in the SEC lawsuit last week have been doing better more recently. What\'s behind their stabilizing? Prices Bitcoin, Ether Trade Sideways CoinDesk Market Index (CMI) 1,105 +1.4 ▲ 0.1% Bitcoin (BTC) $25,990 +68.4 ▲ 0.3% Ethereum (ETH) $1,747 −2.1 ▼ 0.1% S&P 500 4,338.93 +40.1 ▲ 0.9% Gold $1,974 +12.1 ▲ 0.6% Nikkei 225 32,434.00 +168.8 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,105 +1.4 ▲ 0.1% Bitcoin (BTC) $25,990 +68.4 ▲ 0.3% Ethereum (ETH) $1,747 −2.1 ▼ 0.1% S&P 500 4,338.93 +40.1 ▲ 0.9% Gold $1,974 +12.1 ▲ 0.6% Nikkei 225 32,434.00 +168.8 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) As Asia begins its trading day, bitcoin and ether are both flat, with the world’s largest digital asset up 0.3% to $25,990 and ether up 0.1% to $1,747 . As QCP Capital wrote in a recent note, this week will be “action-packed” with the U.S. CPI and June FOMC coming down the pipe. “This promises volatility on the horizon, and we might finally get the break in BTC/ETH that we\'ve started positioning for this month,” QCP wrote. It just, however, needs to kick off – and that hasn’t happened quite yet. Meanwhile, the market might be thinking that the Securities and Exchange’s (SEC) case against Binance might be more bark than bite. Data from Nansen.ai shows that flow across all the chains it tracks went back into the green for Binance. Nansen shows that during the last 24 hours, Binance had a net flow of $470 million. This is certainly a pittance to the nearly $4 billion in value that has departed the exchange during the last week, but it is still a material amount that should be noted. Binance’s BNB token is still well within the red, but its price has begun to stabilize. CoinGecko data shows that other exchange tokens like OKB and Crypto.com ’s CRO are deeper in the red than BNB, while decentralized exchange tokens like Uniswap are up. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +3.4% Smart Contract Platform Loopring LRC +1.6% Smart Contract Platform Polygon MATIC +1.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −2.4% Smart Contract Platform Avalanche AVAX −0.7% Smart Contract Platform Ethereum ETH −0.6% Smart Contract Platform Insights Altcoins Stabilize. What\'s Next? The co-founder of crypto security firm De.Fi called the relative calm in altcoins flagged by U.S. Securities and Exchange lawsuits against Binance and Coinbase last week "mean regression. "People say, \'here\'s a buying opportunity, and let\'s come in and pick it up," Michael Rosmer told CoinDesk TV\'s "First Mover" Program on Monday in a conversation that initially focused on his company\'s report that crypto investors had lost $54 million in rug pulls. Read More: Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi All but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise. Still, those tokens were recently in the green over the past 24 hours. "Any time you get a very rapid sell-off, people are going to buy it and push it up on the other side," Rosmer said. But he also struck an upbeat note, saying that people have probably realized that U.S. agencies do not want to drive projects out of the country. "It\'s noteworthy that they went after Coinbase and Binance," he said. They haven\'t gone and sued any of these projects directly. That\'s kind of telling." He added: "Part of the reason is the government in the U.S. operates largely based on lobbying influences from the financial industry, and the financial industry would like to eventually be the player who plays as Coinbase or Binance themselves, as they want to kock those guys out but then still be able to have U.S.-based projects that get traded." Important events. 2:00 p.m. HKT/SGT(6:00 UTC) Great Britain ILO Unemployment Rate (3M/April) 2:00 p.m. HKT/SGT(6:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/May) 8:30 p.m. HKT/SGT(12:30 UTC) United States Price Index ex Food & Energy (YoY/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto Prices stabilized Monday for Solana\'s SOL, Cardano\'s ADA and Polygon\'s MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firm De.Fi showed. De.Fi co-founder Michael Rosmer joined to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann joined the conversation. Headlines Polygon Takes Wraps Off Version 2.0 : The protocol calls its latest version “the value layer of the Internet.” Crypto Investment Funds See 8th Consecutive Week of Outflows : Unfavorable monetary and regulatory policy continue to take Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,919,979,875 - Hash Rate: 374390301.4820418 - Transaction Count: 410483.0 - Unique Addresses: 682607.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Block SQ reported first-quarter 2023 adjusted earnings of 40 cents per share, beating the Zacks Consensus Estimate by 29%. The figure improved by 122.2% year over year. Net revenues of $4.99 billion surpassed the Zacks Consensus Estimate of $4.58 billion. The top line increased by 26% from the prior-year quarter. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.27 billion to net revenues for the reported quarter, up 33% year over year. Block witnessed solid traction across the Square ecosystem, generating $1.67 billion in net revenues, up 15% year over year. The company’s Corporate & Other — comprising the global music and entertainment platform TIDAL — generated $51 million in net revenues for the first quarter. Further, Block witnessed strong growth in transaction and subscription revenues. Additionally, accelerating gross payment volume (GPV) drove the results. Block, Inc. Price, Consensus and EPS Surprise Block, Inc. Price, Consensus and EPS Surprise Block, Inc. price-consensus-eps-surprise-chart \| Block, Inc. Quote GPV GPV in the first quarter amounted to $51.12 billion, up 17% from the year-ago quarter. This was driven by strength across the Square ecosystem. Notably, Square’s GPV was $46.2 billion (90.4% of the total GPV) in the first quarter, up 17% year over year. Cash App, which accounted for $4.9 billion of the overall GPV (9.6%), remained a positive. The figure increased by 24% year over year. Block continued to experience improvement in its card-present volumes in the reported quarter. Card-present GPV was up 21% from the year-ago quarter. The company’s card-not-present GPV reflected year-over-year growth of 10% in the first quarter. Top Line Details Transaction (28.5% of net revenues): The company generated transaction revenues of $1.42 billion, up 15% year over year. Strong Square ecosystem accounted for $1.29 billion in transaction revenues, up 15% year over year. Further, Cash App contributed $135 million to transaction revenues, up 23% year over year, owing to the rising number of transactions and business accounts. Subscription and Services (27.4% of net revenues): The company generated $1.37 billion in revenues from this category, jumping 42% from the year-ago quarter. The improvement can be attributed to a strong performance by the Square ecosystem, which contributed $342 million to subscription and service revenues, up 21% year over year. Further, Cash App contributed $974 million to the category’s top line. The figure was up 56% from the year-ago quarter. Moreover, a well-performing BNPL platform contributed well. Hardware (0.7% of net revenues): Block generated revenues of $37 million from the business, which grew 0.3% year over year. Bitcoin (43.4% of net revenues): The company generated revenues of $2.2 billion from the category, up 25% year over year. Story continues Operating Details Per management, gross profit grew 32% from the year-ago quarter to $1.7 billion. The gross margin expanded by 170 basis points (bps) year over year to 34.4%. Adjusted EBITDA was $368 million in the reported quarter, up 89% year over year. Operating expenses were $1.7 billion, up 13% from the prior-year quarter. Product development expenses were $627 million, up 37% year over year, primarily due to rising headcount and personnel costs in the engineering, data science and design teams. General and administrative expenses were $433 million, down 3% from the prior-year quarter. Sales and marketing costs were $496 million, up 11% year over year due to an increase in Cash App peer-to-peer processing costs. The adjusted operating income was $51 million in the reported quarter compared with an operating loss of $42 million reported in the year-ago quarter. Balance Sheet & Cash Flow As of Mar 31, 2023, the cash and cash equivalent balance was $5.1 billion, up from $4.54 billion on Dec 31, 2022. Short-term investments were $1.02 billion for the reported quarter, down from $1.08 billion in the previous quarter. Long-term debt was $4.1112 billion compared with $4.109 billion in the prior quarter. The company generated $294.4 million in cash from operations in the reported quarter. Zacks Rank & Stocks to Consider Currently, Block has a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Crypto traders are optimistic about the Fed skipping a rate hike. Insights: Hong Kong has rules for crypto, but they aren\'t that great. Prices CoinDesk Market Index (CMI) 1,103 −0.3 ▼ 0.0% Bitcoin (BTC) $25,948 +52.6 ▲ 0.2% Ethereum (ETH) $1,740 −1.7 ▼ 0.1% S&P 500 4,369.01 +30.1 ▲ 0.7% Gold $1,957 +1.7 ▲ 0.1% Nikkei 225 33,018.65 +584.7 ▲ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,103 −0.3 ▼ 0.0% Bitcoin (BTC) $25,948 +52.6 ▲ 0.2% Ethereum (ETH) $1,740 −1.7 ▼ 0.1% S&P 500 4,369.01 +30.1 ▲ 0.7% Gold $1,957 +1.7 ▲ 0.1% Nikkei 225 33,018.65 +584.7 ▲ 1.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is opening Asia’s trading day at $25,948, up 0.2%, while ether is at $1,740, down 0.1%. Edward Moya, a Senior Market Analyst with OANDA, sees the likely possibility of the Fed skipping a rate hike on Wednesday ( prediction markets are giving it a 96% chance of happening) and increased regulatory scrutiny of altcoins as fuel for bitcoin’s support. "Cooling inflation report is fueling this bull market as the Fed should have no problem skipping a rate hike on Wednesday. Wall Street is becoming a little bit hopeful here that an FOMC June skip could eventually become a July pause," Moya said in a note. “Bitcoin remains stable around the $26,000 level as investors consider reducing altcoin exposure and increasing Bitcoin holdings.” Driven by falling car wholesale prices and weaker consumer support, disinflation, alongside the likely rate hike skip, is causing a decrease in the dollar\'s value, Moya observes, and a steady demand for used vehicles, and clothing among other necessities; China\'s stimulus package and expected Saudi oil price cuts have uplifted crude oil prices, and while low inflation initially boosted gold, continued stock growth may limit its rise. Story continues At the same time, one key bitcoin technical analysis indicator, the moving average convergence divergence (MACD), has flipped bearish , signaling a possible extended price slide, despite Bitcoin maintaining support at $25K. In CoinDesk’s coverage of this, however, analysts noted U.S. inflation figures and the Fed’s possible rate hike skip could also impact Bitcoin\'s price performance. Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +1.2% Smart Contract Platform Terra LUNA +0.7% Smart Contract Platform Chainlink LINK +0.7% Computing Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −2.9% Currency Solana SOL −2.5% Smart Contract Platform Polygon MATIC −2.4% Smart Contract Platform Insights Hong Kong\'s Crypto Rules Aren\'t Going to Bring in Exchanges Amid an ongoing lawsuit from the Securities and Exchange Commission (SEC), one Hong Kong lawmaker has invited Coinbase to set up shop in the territory. After all, Hong Kong is in the process of making rules for crypto . In the U.S., Coinbase has to sue to try and compel the SEC to make rules for it to operate. So on paper Coinbase making a move to another jurisdiction would make sense, and Hong Kong, with its rulebook and traditional position as a fast-moving market hub in Asia, would be a logical place to move to. In theory. But the reality on the ground is that Hong Kong’s rulebook itself isn’t all that attractive to crypto exchanges. First, the number of tokens available to trade will be limited compared to what users can expect from established exchanges. Per rules from the Securities and Futures Commission, Hong Kong’s securities watchdog, there needs to be a 12-month cooling off between token launch and listing. Stablecoins are banned, as are crypto derivatives, earn or lend programs and likely staking services too. Airdrops are a huge no-no. “Hong Kong\'s framework as it exists today is highly unattractive. The market is small and unproven, banking partnerships are non-existent, and products are highly restricted,” Leo Weese, co-founder and President of the Bitcoin Association of Hong Kong, told CoinDesk. Weese says that the Asian markets are “fundamentally different” from their Western counterparts, and Coinbase would not automatically succeed in Hong Kong, even if they were willing to give up their current customer base. “What makes Hong Kong potentially attractive is that many tokens are not deemed securities, and those that are do not need to be registered like in the United States, making it possible to offer trading for tokens that are deemed unregistered securities elsewhere, such as decentralized protocols,” he said. At the same time, Weese notes, moving to Hong Kong will not automatically shield Coinbase from U.S. regulation or the arm of the SEC. BitMex, which calls Hong Kong home, got ensnared in U.S. regulatory regime despite its tenuous ties to the United States. And so did Binance – its mothership and founder squarely offshore. So even if Coinbase were to make the move, it wouldn’t be a very productive decision. Important events. 2:00 a.m. HKT/SGT(18:00 UTC) United States Fed Interest Rate Decision 5:45 a.m. HKT/SGT(21:45 UTC) New Zealand Gross Domestic Product (YoY/Q1) 7:50 a.m. HKT/SGT(23:50 UTC) Japan Exports (YoY/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : U.S. Inflation Cools in May; Bitcoin Rises The U.S. Consumer Price Index (CPI) for May came in softer than expected, rising just 0.1% in May versus 0.4% in April, according to the Bureau of Labor Statistics. The news came one day ahead of the results of the Fed\'s latest monetary policy meeting. Clara Medalie, Kaiko Director of Research, joined "First Mover" for market reaction. Plus, Willkie Farr & Gallagher LLP Counsel Mike Selig joined to discuss what the SEC\'s actions against Binance and Coinbase will mean for crypto. And, John Melican, Elliptic Chief Legal Officer, joined us to discuss new findings revealing attackers behind this month’s $35 million exploit of crypto wallet Atomic Wallet are moving stolen funds via OFAC-sanctioned exchange Garantex. Headlines Bitcoin Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024 : The company expects to raise more capital to fund its mining business. Binance Goes to Court Against the SEC : Binance and Binance.US have made their case against the SEC\'s motion to freeze all Binance.US funds. Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins : The combined market capitalization of BTC, ETH and stablecoins reached the highest level since February 2021, digital asset research firm K33 Research noted. Why the XRP Army Keeps Fighting : XRP’s uber-passionate supporters believe the SEC unfairly targeted Ripple for securities violations while mysteriously giving Ethereum a free pass. Do they have a point? Uniswap Labs Releases Its Plan for Uniswap v4, Invites Community Feedback : The biggest decentralized crypto exchange is opening its development process to the public for the first time as the SEC cracks down on its centralized competitors.', 'Good morning. Here’s what’s happening:\nPrices:Crypto traders are optimistic about the Fed skipping a rate hike.\nInsights:Hong Kong has rules for crypto, but they aren\'t that great.\nCoinDesk Market Index (CMI)\n1,103\n−0.3▼0.0%\nBitcoin (BTC)\n$25,948\n+52.6▲0.2%\nEthereum (ETH)\n$1,740\n−1.7▼0.1%\nS&P 500\n4,369.01\n+30.1▲0.7%\nGold\n$1,957\n+1.7▲0.1%\nNikkei 225\n33,018.65\n+584.7▲1.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,103", "\\u22120.3\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,948", "+52.6\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,740", "\\u22121.7\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,369.01", "+30.1\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,957", "+1.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,018.65", "+584.7\\u25b21.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is opening Asia’s trading day at $25,948, up 0.2%, while ether is at $1,740, down 0.1%.\nEdward Moya, a Senior Market Analyst with OANDA, sees the likely possibility of the Fed skipping a rate hike on Wednesday (prediction marketsare giving it a 96% chance of happening) and increased regulatory scrutiny of altcoins as fuel for bitcoin’s support.\n"Cooling inflation report is fueling this bull market as the Fed should have no problem skipping a rate hike on Wednesday. Wall Street is becoming a little bit hopeful here that an FOMC June skip could eventually become a July pause," Moya said in a note. “Bitcoin remains stable around the $26,000 level as investors consider reducing altcoin exposure and increasing Bitcoin holdings.”\nDriven by falling car wholesale prices and weaker consumer support, disinflation, alongside the likely rate hike skip, is causing a decrease in the dollar\'s value, Moya observes, and a steady demand for used vehicles, and clothing among other necessities; China\'s stimulus package and expected Saudi oil price cuts have uplifted crude oil prices, and while low inflation initially boosted gold, continued stock growth may limit its rise.\nAt the same time, one key bitcoin technical analysis indicator, the moving average convergence divergence (MACD),has flipped bearish, signaling a possible extended price slide, despite Bitcoin maintaining support at $25K. In CoinDesk’s coverage of this, however, analysts noted U.S. inflation figures and the Fed’s possible rate hike skip could also impact Bitcoin\'s price performance.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.7%", "DACS Sector": "Computing"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.9%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}]\nHong Kong\'s Crypto Rules Aren\'t Going to Bring in Exchanges\nAmid anongoing lawsuitfrom the Securities and Exchange Commission (SEC), one Hong Kong lawmaker hasinvited Coinbase to set up shopin the territory.\nAfter all, Hong Kong is in theprocess of making rules for crypto. In the U.S., Coinbasehas to sue to try and compel the SEC to make rulesfor it to operate.\nSo on paper Coinbase making a move to another jurisdiction would make sense, and Hong Kong, with its rulebook and traditional position as a fast-moving market hub in Asia, would be a logical place to move to.\nIn theory.\nBut the reality on the ground is that Hong Kong’s rulebook itselfisn’t all that attractiveto crypto exchanges.\nFirst, the number of tokens available to trade will be limited compared to what users can expect from established exchanges.\nPer rules from the Securities and Futures Commission, Hong Kong’s securities watchdog, there needs to be a 12-month cooling off between token launch and listing. Stablecoins are banned, as are crypto derivatives, earn or lend programs and likely staking services too. Airdrops are a huge no-no.\n“Hong Kong\'s framework as it exists today is highly unattractive. The market is small and unproven, banking partnerships are non-existent, and products are highly restricted,” Leo Weese, co-founder and President of the Bitcoin Association of Hong Kong, told CoinDesk.\nWeese says that the Asian markets are “fundamentally different” from their Western counterparts, and Coinbase would not automatically succeed in Hong Kong, even if they were willing to give up their current customer base.\n“What makes Hong Kong potentially attractive is that many tokens are not deemed securities, and those that are do not need to be registered like in the United States, making it possible to offer trading for tokens that are deemed unregistered securities elsewhere, such as decentralized protocols,” he said.\nAt the same time, Weese notes, moving to Hong Kong will not automatically shield Coinbase from U.S. regulation or the arm of the SEC.\nBitMex, which calls Hong Kong home,got ensnared in U.S. regulatory regimedespite its tenuous ties to the United States. And so did Binance – its mothership and founder squarely offshore.\nSo even if Coinbase were to make the move, it wouldn’t be a very productive decision.\n2:00 a.m. HKT/SGT(18:00 UTC)United States Fed Interest Rate Decision\n5:45 a.m. HKT/SGT(21:45 UTC)New Zealand Gross Domestic Product (YoY/Q1)\n7:50 a.m. HKT/SGT(23:50 UTC)Japan Exports (YoY/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nU.S. Inflation Cools in May; Bitcoin Rises\nThe U.S. Consumer Price Index (CPI) for May came in softer than expected, rising just 0.1% in May versus 0.4% in April, according to the Bureau of Labor Statistics. The news came one day ahead of the results of the Fed\'s latest monetary policy meeting. Clara Medalie, Kaiko Director of Research, joined "First Mover" for market reaction. Plus, Willkie Farr & Gallagher LLP Counsel Mike Selig joined to discuss what the SEC\'s actions against Binance and Coinbase will mean for crypto. And, John Melican, Elliptic Chief Legal Officer, joined us to discuss new findings revealing attackers behind this month’s $35 million exploit of crypto wallet Atomic Wallet are moving stolen funds via OFAC-sanctioned exchange Garantex.\nBitcoin Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024:The company expects to raise more capital to fund its mining business.\nBinance Goes to Court Against the SEC:Binance andBinance.UShave made their case against the SEC\'s motion to freeze allBinance.USfunds.\nBitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins:The combined market capitalization of BTC, ETH and stablecoins reached the highest level since February 2021, digital asset research firm K33 Research noted.\nWhy the XRP Army Keeps Fighting:XRP’s uber-passionate supporters believe the SEC unfairly targeted Ripple for securities violations while mysteriously giving Ethereum a free pass. Do they have a point?\nUniswap Labs Releases Its Plan for Uniswap v4, Invites Community Feedback:The biggest decentralized crypto exchange is opening its development process to the public for the first time as the SEC cracks down on its centralized competitors.', 'Bitcoin fell in Wednesday morning trading in Asia, remaining stuck under the US$26,000 resistance line. Ether also lost ground, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. The BNB token of the Binance crypto exchange marked the biggest gains among the top 10 after a U.S. court denied the financial regulator’s request to freeze the assets of the Binance.US exchange.\nBitcoin fell 0.38% over the last 24 hours to US$25,835.15 at 7:00 a.m. in Hong Kong, losing 4.87% in the last week and repeatedly failing to break through resistance at US$26,000 following thelawsuitsfiled last week against U.S. crypto trading platforms by the Securities and Exchange Commission (SEC).\nEther dipped 0.49% to US$1,734.63, posting a 7.87%% loss for the week.\nBitcoin is struggling to move above $26,000 because of the fear in the crypto market and despite the optimism in equities, Alex Kuptsikevich, senior market analyst at online brokerage firm FxPro said in emailed comments.\n“The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),” Kuptsikevich noted. “Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. The second scenario seems more likely.”\nOther top 10 cryptocurrencies were mixed. Binance’s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%.\nThe BNB gains came after a U.S. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. arm of the world’s largest cryptocurrency exchange.\nThe judge’s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Both exchanges have rejected the allegations.\n“According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% – levels last seen in 2017. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,” said Kuptsikevich.\nIn other developments involving the SEC and crypto, Ripple’s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday’s long-awaited unveiling of the so-called “Hinman documents,” named after former SEC corporate finance director William Hinman.\nRipple Labs Inc. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. The company had sought the unsealing of thedocumentswhich reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nRipple’s chief legal officer Stuart Alderotywroteon Twitter Tuesday that the documents show: “Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law” and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction.\n“Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t – as Hinman tried – create new law,” Alderoty said.\nThe total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.92% for the week.\n“The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. History tells us that it’s new projects that a majority of investors’ funds will go into.”\nTotal NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according toCryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours.\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — rose 69.42% to US$1.39 million.\nBored Ape Yacht Club sales gained 25.14% to US$1.3 million.\n“Art is still hot, with multiple Fidenzas selling for six figures recently and plenty of hype leading up to the Sotheby’s grails auctions coming this week,” Petscher added.Fidenzarefers to a collection of 999 NFTs created by the artist Tyler Hobbs using computer algorithms.\nSotheby’s is auctioning theGrailsdigital art collection on Wednesday. The collection consists of NFT artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nU.S. stock futures were mixed as of 9:30 a.m. in Hong Kong after equities gained for the fourth consecutive day during regular trading on Tuesday. Dow Jones Industrial Average futures fell 0.24%, S&P 500 futures edged 0.034% lower while Nasdaq Futures gained 0.028%.\nDuring Monday’s regular trading, the Dow climbed 0.43%. The S&P 500 added 0.69%, and the Nasdaq Composite gained 0.83%.\nTuesday’s U.S. Consumer Price Index (CPI) report showed that inflation grew at a 4% annual rate in May, compared to 4.9% in April. The CPI was the lowest yearly inflation rate since March 2021, leaving investors hopeful for a pause in the Federal Reserve’s run of interest rate hikes to curb price inflation.\n“It’s a feel-good headline figure that will cheer investors as it will add further pressure on the Fed to pause its interest rate hike agenda,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The U.S. central bank is now 15 months and 10 consecutive rate increases into its battle to cool red-hot inflation, but markets will be expecting that the latest CPI report will now be enough to convince officials to hit the pause button,” Green said.\nThe U.S. central bank is expected to leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\nThe CME FedWatch Toolpredictsa 94.2% chance the Fed will leave rates as is at this week’s meeting, up from 80.4% the previous day.\nHowever, Green of deVere Group warned of more hikes this year — “Inflation is certainly coming down so far, but it is very, very gradual. It remains sticky and a long way from the 2% target, largely due to a tight labor market.”\nFormer Fed vice chair Roger Ferguson also toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\n(Updates with equities section)', 'Bitcoin fell in Wednesday morning trading in Asia, remaining stuck under the US$26,000 resistance line. Ether also lost ground, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. The BNB token of the Binance crypto exchange marked the biggest gains among the top 10 after a U.S. court denied the financial regulator’s request to freeze the assets of the Binance.US exchange.\nBitcoin fell 0.38% over the last 24 hours to US$25,835.15 at 7:00 a.m. in Hong Kong, losing 4.87% in the last week and repeatedly failing to break through resistance at US$26,000 following thelawsuitsfiled last week against U.S. crypto trading platforms by the Securities and Exchange Commission (SEC).\nEther dipped 0.49% to US$1,734.63, posting a 7.87%% loss for the week.\nBitcoin is struggling to move above $26,000 because of the fear in the crypto market and despite the optimism in equities, Alex Kuptsikevich, senior market analyst at online brokerage firm FxPro said in emailed comments.\n“The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),” Kuptsikevich noted. “Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. The second scenario seems more likely.”\nOther top 10 cryptocurrencies were mixed. Binance’s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%.\nThe BNB gains came after a U.S. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. arm of the world’s largest cryptocurrency exchange.\nThe judge’s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Both exchanges have rejected the allegations.\n“According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% – levels last seen in 2017. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,” said Kuptsikevich.\nIn other developments involving the SEC and crypto, Ripple’s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday’s long-awaited unveiling of the so-called “Hinman documents,” named after former SEC corporate finance director William Hinman.\nRipple Labs Inc. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. The company had sought the unsealing of thedocumentswhich reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster itsfair notice defense.\nRipple’s chief legal officer Stuart Alderotywroteon Twitter Tuesday that the documents show: “Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law” and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction.\n“Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t – as Hinman tried – create new law,” Alderoty said.\nThe total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.92% for the week.\n“The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. History tells us that it’s new projects that a majority of investors’ funds will go into.”\nTotal NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according toCryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours.\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — rose 69.42% to US$1.39 million.\nBored Ape Yacht Club sales gained 25.14% to US$1.3 million.\n“Art is still hot, with multiple Fidenzas selling for six figures recently and plenty of hype leading up to the Sotheby’s grails auctions coming this week,” Petscher added.Fidenzarefers to a collection of 999 NFTs created by the artist Tyler Hobbs using computer algorithms.\nSotheby’s is auctioning theGrailsdigital art collection on Wednesday. The collection consists of NFT artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nU.S. stock futures were mixed as of 9:30 a.m. in Hong Kong after equities gained for the fourth consecutive day during regular trading on Tuesday. Dow Jones Industrial Average futures fell 0.24%, S&P 500 futures edged 0.034% lower while Nasdaq Futures gained 0.028%.\nDuring Monday’s regular trading, the Dow climbed 0.43%. The S&P 500 added 0.69%, and the Nasdaq Composite gained 0.83%.\nTuesday’s U.S. Consumer Price Index (CPI) report showed that inflation grew at a 4% annual rate in May, compared to 4.9% in April. The CPI was the lowest yearly inflation rate since March 2021, leaving investors hopeful for a pause in the Federal Reserve’s run of interest rate hikes to curb price inflation.\n“It’s a feel-good headline figure that will cheer investors as it will add further pressure on the Fed to pause its interest rate hike agenda,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The U.S. central bank is now 15 months and 10 consecutive rate increases into its battle to cool red-hot inflation, but markets will be expecting that the latest CPI report will now be enough to convince officials to hit the pause button,” Green said.\nThe U.S. central bank is expected to leave interest rates unchanged when it meets on Wednesday, according toTradingEconomics. U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage.\nThe CME FedWatch Toolpredictsa 94.2% chance the Fed will leave rates as is at this week’s meeting, up from 80.4% the previous day.\nHowever, Green of deVere Group warned of more hikes this year — “Inflation is certainly coming down so far, but it is very, very gradual. It remains sticky and a long way from the 2% target, largely due to a tight labor market.”\nFormer Fed vice chair Roger Ferguson also toldCNBClast Friday that the central bank may raise rates later in the year even if it skips this time.\n(Updates with equities section)', 'Bitcoin fell in Wednesday morning trading in Asia, remaining stuck under the US$26,000 resistance line. Ether also lost ground, while other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. The BNB token of the Binance crypto exchange marked the biggest gains among the top 10 after a U.S. court denied the financial regulator\x92s request to freeze the assets of the Binance.US exchange. Fear & Greed Bitcoin fell 0.38% over the last 24 hours to US$25,835.15 at 7:00 a.m. in Hong Kong, losing 4.87% in the last week and repeatedly failing to break through resistance at US$26,000 following the lawsuits filed last week against U.S. crypto trading platforms by the Securities and Exchange Commission (SEC). Ether dipped 0.49% to US$1,734.63, posting a 7.87%% loss for the week. Bitcoin is struggling to move above $26,000 because of the fear in the crypto market and despite the optimism in equities, Alex Kuptsikevich, senior market analyst at online brokerage firm FxPro said in emailed comments. \x93The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),\x94 Kuptsikevich noted. \x93Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. The second scenario seems more likely.\x94 Other top 10 cryptocurrencies were mixed. Binance\x92s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%. The BNB gains came after a U.S. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. arm of the world\x92s largest cryptocurrency exchange. The judge\x92s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Both exchanges have rejected the allegations. Story continues \x93According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% \x96 levels last seen in 2017. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,\x94 said Kuptsikevich. In other developments involving the SEC and crypto, Ripple\x92s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday\x92s long-awaited unveiling of the so-called \x93Hinman documents,\x94 named after former SEC corporate finance director William Hinman. Ripple Labs Inc. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. The company had sought the unsealing of the documents which reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster its fair notice defense . Ripple\x92s chief legal officer Stuart Alderoty wrote on Twitter Tuesday that the documents show: \x93Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law\x94 and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction. \x93Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can\x92t \x96 as Hinman tried \x96 create new law,\x94 Alderoty said. The total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCap data . NFT market on downtrend The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.92% for the week. \x93The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. History tells us that it\x92s new projects that a majority of investors\x92 funds will go into.\x94 Total NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according to CryptoSlam data. The Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours. Transactions of Uncategorized Ordinals \x97 unique digital assets on the Bitcoin network that are not identified as part of one established collection \x97 rose 69.42% to US$1.39 million. Bored Ape Yacht Club sales gained 25.14% to US$1.3 million. \x93Art is still hot, with multiple Fidenzas selling for six figures recently and plenty of hype leading up to the Sotheby\x92s grails auctions coming this week,\x94 Petscher added. Fidenza refers to a collection of 999 NFTs created by the artist Tyler Hobbs using computer algorithms. Sotheby\x92s is auctioning the Grails digital art collection on Wednesday. The collection consists of NFT artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital. U.S. stock futures mixed Federal Reserve Board Chairman Jerome Powell (Left), Securities and Exchange Commission Chair Gary Gensler (Right) \| Image: Getty Images U.S. stock futures were mixed as of 9:30 a.m. in Hong Kong after equities gained for the fourth consecutive day during regular trading on Tuesday. Dow Jones Industrial Average futures fell 0.24%, S&P 500 futures edged 0.034% lower while Nasdaq Futures gained 0.028%. During Monday\x92s regular trading, the Dow climbed 0.43%. The S&P 500 added 0.69%, and the Nasdaq Composite gained 0.83%. Tuesday\x92s U.S. Consumer Price Index (CPI) report showed that inflation grew at a 4% annual rate in May, compared to 4.9% in April. The CPI was the lowest yearly inflation rate since March 2021, leaving investors hopeful for a pause in the Federal Reserve\x92s run of interest rate hikes to curb price inflation. \x93It\x92s a feel-good headline figure that will cheer investors as it will add further pressure on the Fed to pause its interest rate hike agenda,\x94 said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement. \x93The U.S. central bank is now 15 months and 10 consecutive rate increases into its battle to cool red-hot inflation, but markets will be expecting that the latest CPI report will now be enough to convince officials to hit the pause button,\x94 Green said. The U.S. central bank is expected to leave interest rates unchanged when it meets on Wednesday, according to TradingEconomics . U.S. rates are at 5% to 5.25%, the highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage. The CME FedWatch Tool predicts a 94.2% chance the Fed will leave rates as is at this week\x92s meeting, up from 80.4% the previous day. However, Green of deVere Group warned of more hikes this year \x97 \x93Inflation is certainly coming down so far, but it is very, very gradual. It remains sticky and a long way from the 2% target, largely due to a tight labor market.\x94 Former Fed vice chair Roger Ferguson also told CNBC last Friday that the central bank may raise rates later in the year even if it skips this time. (Updates with equities section)', "Damus, a decentralized social media app that allows users to tip each other inBitcoin, is facing removal from the Apple app store. The app uses a feature called Zaps, which integrates the Lightning Network widget to enable fast and cheap Bitcoin transactions on the platform. However, Apple claims that Zaps violates its policy that requires all tips to be done through in-app purchases.\nThe Damus team argues that Zaps are not used to sell or buy any digital content, but rather to support other users and content creators in a peer-to-peer manner. The team also says that this is a critical moment for decentralized social media and P2P transactions, and that Apple's decision will have far-reaching consequences for other platforms with similar features.\nBitcoin tipping has become a popular way of rewarding content and expressing appreciation on social media platforms. Twitter and Reddit have both introduced crypto tipping features in recent years. Apple itself has approved an app with Bitcoin tipping in 2015. However, some crypto advocates accuse Apple of favoring Silicon Valley interests over decentralization and innovation.", "Damus, a decentralized social media app that allows users to tip each other inBitcoin, is facing removal from the Apple app store. The app uses a feature called Zaps, which integrates the Lightning Network widget to enable fast and cheap Bitcoin transactions on the platform. However, Apple claims that Zaps violates its policy that requires all tips to be done through in-app purchases.\nThe Damus team argues that Zaps are not used to sell or buy any digital content, but rather to support other users and content creators in a peer-to-peer manner. The team also says that this is a critical moment for decentralized social media and P2P transactions, and that Apple's decision will have far-reaching consequences for other platforms with similar features.\nBitcoin tipping has become a popular way of rewarding content and expressing appreciation on social media platforms. Twitter and Reddit have both introduced crypto tipping features in recent years. Apple itself has approved an app with Bitcoin tipping in 2015. However, some crypto advocates accuse Apple of favoring Silicon Valley interests over decentralization and innovation.", "Apple Wants Bitcoin Tipping Feature Removed from Nostr App Apple Claims That Zaps Violates Its Policy Damus, a decentralized social media app that allows users to tip each other in Bitcoin , is facing removal from the Apple app store. The app uses a feature called Zaps, which integrates the Lightning Network widget to enable fast and cheap Bitcoin transactions on the platform. However, Apple claims that Zaps violates its policy that requires all tips to be done through in-app purchases. The Damus team argues that Zaps are not used to sell or buy any digital content, but rather to support other users and content creators in a peer-to-peer manner. The team also says that this is a critical moment for decentralized social media and P2P transactions, and that Apple's decision will have far-reaching consequences for other platforms with similar features. Bitcoin tipping has become a popular way of rewarding content and expressing appreciation on social media platforms. Twitter and Reddit have both introduced crypto tipping features in recent years. Apple itself has approved an app with Bitcoin tipping in 2015. However, some crypto advocates accuse Apple of favoring Silicon Valley interests over decentralization and innovation.", 'Bitcointechnology company Blockstream has announced that it plans to reveal its highly anticipated Application-Specific Integrated Circuit (ASIC) miner in the third quarter of 2024. This marks the culmination of years of engineering work for the company. Blockstream CEO and co-founder Adam Back made the announcement during the company\'s inaugural media briefing. In 2021, Blockstream acquired Bitcoin mining hardware maker Spondoolies.\nPreviously, Blockstream successfully raised $125 million to expand its mining operations, and the company now plans to secure further funding. Initially scheduled for a 2022 launch, the release of the new ASIC miner has been delayed, and Back now expects it to be available in the latter half of 2024. Back explained that there are two manufacturing approaches, with the first being a test run referred to as a "shuffle run," which is anticipated to take place in the third quarter of the following year.\nDuring the media briefing, Back and his executive team also discussed other notable projects by Blockstream. These include Liquid, a sidechain that interacts with the primary Bitcoin blockchain, and Jade, Blockstream\'s flagship hardware Bitcoin wallet. The unveiling of the ASIC miner represents an important milestone for Blockstream as it aims to further strengthen its presence in the Bitcoin mining industry.', 'Bitcoin Mining Hardware from Blockstream Expected in 2024 The Unveiling of the Application-Specific Integrated Circuit (ASIC) Miner Represents an Important Milestone for Blockstream Bitcoin technology company Blockstream has announced that it plans to reveal its highly anticipated Application-Specific Integrated Circuit (ASIC) miner in the third quarter of 2024. This marks the culmination of years of engineering work for the company. Blockstream CEO and co-founder Adam Back made the announcement during the company\'s inaugural media briefing. In 2021, Blockstream acquired Bitcoin mining hardware maker Spondoolies. Previously, Blockstream successfully raised $125 million to expand its mining operations, and the company now plans to secure further funding. Initially scheduled for a 2022 launch, the release of the new ASIC miner has been delayed, and Back now expects it to be available in the latter half of 2024. Back explained that there are two manufacturing approaches, with the first being a test run referred to as a "shuffle run," which is anticipated to take place in the third quarter of the following year. During the media briefing, Back and his executive team also discussed other notable projects by Blockstream. These include Liquid, a sidechain that interacts with the primary Bitcoin blockchain, and Jade, Blockstream\'s flagship hardware Bitcoin wallet. The unveiling of the ASIC miner represents an important milestone for Blockstream as it aims to further strengthen its presence in the Bitcoin mining industry.', 'Bitcointechnology company Blockstream has announced that it plans to reveal its highly anticipated Application-Specific Integrated Circuit (ASIC) miner in the third quarter of 2024. This marks the culmination of years of engineering work for the company. Blockstream CEO and co-founder Adam Back made the announcement during the company\'s inaugural media briefing. In 2021, Blockstream acquired Bitcoin mining hardware maker Spondoolies.\nPreviously, Blockstream successfully raised $125 million to expand its mining operations, and the company now plans to secure further funding. Initially scheduled for a 2022 launch, the release of the new ASIC miner has been delayed, and Back now expects it to be available in the latter half of 2024. Back explained that there are two manufacturing approaches, with the first being a test run referred to as a "shuffle run," which is anticipated to take place in the third quarter of the following year.\nDuring the media briefing, Back and his executive team also discussed other notable projects by Blockstream. These include Liquid, a sidechain that interacts with the primary Bitcoin blockchain, and Jade, Blockstream\'s flagship hardware Bitcoin wallet. The unveiling of the ASIC miner represents an important milestone for Blockstream as it aims to further strengthen its presence in the Bitcoin mining industry.', 'Prices of XRP, which powers some of Ripple Labs payment and exchange network services, dipped 1.3% in the 24 hours to 10:15 a.m. in Hong Kong. The token reversed gains that followed the release of internal Securities and Exchange Commission (SEC) documents on Tuesday that Ripple had claimed could prove the regulator had unfairly targeted the company with a lawsuit. XRP is down 2.05% over the past seven days. See related article: What is XRP and what is Ripple? Fast facts In December 2020, the SEC filed a lawsuit against Ripple alleging that its sale of XRP was an unregistered securities offering . The SEC also named Ripple\x92s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants for allegedly aiding and abetting Ripple\x92s violations. As part of the lawsuit, hundreds of documents were released Tuesday related to a speech given by an SEC former director William Hinman on whether cryptocurrencies are securities. The SEC had sought to keep the documents sealed, but Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled in May the documents should be made public, in what was seen as a favorable ruling for Ripple. In June 2018, Hinman said in a speech that sales of the Ether cryptocurrency were not securities transactions, and \x93as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value.\x94 The speech has become a major point of argument in the case as Ripple seeks to bolster its fair notice defense . The released documents include email exchanges between Hinman and a number of SEC staffers in preparation for his 2018 speech. One email shows that an SEC employee commented on the speech draft: \x93Although we do not want to suggest that BTC is a security, taking too strong a position on the lack of any benefits from the disclosure provisions of the federal securities laws \x85 might be a wedge that could undermine SEC efforts towards other crypto-assets where the asset is a security.\x94 Ripple\x92s chief legal officer Stuart Alderoty is calling for investigations into Hinman. \x93An investigation must be conducted to understand what or who influenced Hinman,\x94 Alderoty tweeted on Tuesday. The documents show: \x93Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law\x94 and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction, according to Alderoty. \x93Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can\x92t \x96 as Hinman tried \x96 create new law,\x94 Alderoty said. Brad Garlinghouse, chief executive officer of Ripple Labs, tweeted Tuesday that it\x92s \x93absolutely unconscionable\x94 that a regulator decided to move forward with the speech despite internal pushback. The SEC has \x93essentially weaponized\x94 the lack of regulatory clarity through enforcement actions since this speech was given, Garlinghouse added. See related article: The SEC has spoken: The future of finance is not in America', 'Prices of XRP, which powers some of Ripple Labs payment and exchange network services, dipped 1.3% in the 24 hours to 10:15 a.m. in Hong Kong. The token reversed gains that followed thereleaseof internal Securities and Exchange Commission (SEC) documents on Tuesday that Ripple had claimed could prove the regulator had unfairly targeted the company with a lawsuit. XRP is down 2.05% over the past seven days.\nSee related article:What is XRP and what is Ripple?\n• In December 2020, the SEC filed a lawsuit against Ripple alleging that its sale of XRP was anunregistered securities offering. The SEC also named Ripple’s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants for allegedly aiding and abetting Ripple’s violations.\n• As part of the lawsuit, hundreds of documents were released Tuesday related to a speech given by an SEC former director William Hinman on whether cryptocurrencies are securities.\n• The SEC had sought to keep the documents sealed, but Judge Analisa Torres of the U.S. District Court for the Southern District Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $503,225,297,131 - Hash Rate: 312388214.96659184 - Transaction Count: 330658.0 - Unique Addresses: 633244.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Following harsh criticism from the crypto community, hardware wallet provider Ledger will delay releasing a key recovery feature. In a letter to users, Ledger CEO Pascal Gauthier wrote that the firm won’t introduce the new feature before releasing the code for it. The company also scheduled a Twitter Spaces session for 12:30 p.m. EST on Tuesday to discuss the issue. Last week, Ledger announced the service, called Ledger Recover, which will allow users to store encrypted backups of their seed phrases with a set of three custodians. Ledger owners will then be able to restore their private keys even if they lose or forget their seed phrases. The opt-in feature will require a know-your-customer (KYC) verification. Ledger came under fire almost immediately from members of the cryptocurrency community, which criticized the idea of sharing seed phrases with anyone other than wallet owners. Multiple commentators wrote angry posts on Twitter, Reddit and other platforms, saying they felt betrayed by Ledger, which has previously said that Ledger wallet private keys would never leave a device. Some critics also highlighted potential threats such as hacks of the custodians, data leaks from KYC providers and law enforcement taking control of Ledger users’ data. Others noted that the code for the Recover feature is not open-source, so there is no way to audit the safety of the proposed custody mechanism. Unlike some competitors, Ledger does not publish all its code, but instead has its product tested by a team of selected security researchers . Read more: Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts The company learned a hard lesson, Gauthier said in his letter to users. Parts of the Ledger code have been open-sourced before, and more will follow soon, Gauthier said. “We have made the decision to accelerate the open sourcing roadmap! We will include as much of the Ledger operating system as possible, starting with core components of the OS, and Ledger Recover, which won’t be released until this work is complete,” he wrote. Gauthier also reiterated the idea that offering key recovery services is essential to onboard a new wave of crypto users, for which self-custody might feel too difficult. “The majority of users in crypto today either don’t own their private keys and/or are putting their private keys at risk using less secure forms of self-custody, and hard-to-use forms of storing and securing their seed phrase,” the letter reads.... - Reddit Posts (Sample): [['u/McDredd', 'Anyone else just find themselves excluded from r/bitcoin?', 11, '2023-06-14 01:10', 'https://www.reddit.com/r/btc/comments/148scwf/anyone_else_just_find_themselves_excluded_from/', "I've been on there for about 6 months now. I never noticed r/btc when I first searched 6 months ago. Suddenly all of r/bitcoin is unavailable to me. I hardly posted, never mind posted anything controversial.", 'https://www.reddit.com/r/btc/comments/148scwf/anyone_else_just_find_themselves_excluded_from/', '148scwf', [['u/Plus-Ad4019', 15, '2023-06-14 01:20', 'https://www.reddit.com/r/btc/comments/148scwf/anyone_else_just_find_themselves_excluded_from/jo1mgy2/', 'r/bitcoin went dark (June 12-14) together with many other subs to protest Reddit new API fees.', '148scwf']]], ['u/GhostOfMcAfee', 'AlgoMint is removing KYC requirements for bridging BTC and ETH.', 90, '2023-06-14 04:46', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/', 'Previously, to bridge either asset you needed to go through KYC procedures. Today, AlgoMint announced they are removing KYC requirements for bridging both BTC and ETH to the Algorand blockchain. \\[[sauce](https://twitter.com/Algomint_io/status/1668778531709669377)\\]', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/', '148wijz', [['u/hypercosm_dot_net', 24, '2023-06-14 05:16', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/jo2aqmf/', 'Great to see. Hope we see a lot more movement towards decentralization this year. \n\nDo you happen to know what DAO tools we have on Algo?', '148wijz'], ['u/MadManD3vi0us', 10, '2023-06-14 05:27', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/jo2bsdq/', "Hopefully that'll pull some of the shyer players out of hiding and into the game.", '148wijz'], ['u/stenalgo', 11, '2023-06-14 05:33', 'https://www.reddit.com/r/algorand/comments/148wijz/algomint_is_removing_kyc_requirements_for/jo2ca5j/', 'goBTC and goETH need alot more liquidity indeed. This is a good move, hopefully we will see a positive result soon.', '148wijz']]], ['u/neznaia', 'Angle of attack?', 10, '2023-06-14 05:39', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/', 'Using bitcoin as an example, I understand the ledger holds the private key on the secure chip. If I want to send bitcoin I need to sign it with my hardware wallet, and poof my app does the rest. So, you can never really get my private seed, but, couldn’t Ledger Live be compromised so it tells the hardware wallet x amount, but then sends whatever amount it wants?\n\nAm I missing something about the relationship between an app - software that can be hacked remotely - and my hardware wallet who’s only job is to store my seed phrase and sign transactions that the app supposedly wants to send. On that note, what device is sending the transaction to the pool? If it’s the app, how does it interact with the pool/chain without knowing the private key? I’m assuming my Bluetooth connected ledger isn’t doing that. \n\nMaybe I’m missing something. All answers appreciated', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/', '148xi71', [['u/kristapsru', 12, '2023-06-14 11:46', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/jo32zbv/', '"I understand the ledger holds the private key on the secure chip"\n\nSadly, that\'s not true anymore. Ledger wrote API code to extract keys from the device and send them over the internet to Ledger and their partner companies for their Ledger Recover service. In theory, that only happens if you subscribe, but since Ledger\'s code isn\'t open, there\'s no way for any of us to prove what it does or doesn\'t do.\n\nDon\'t trust. Verify. Right? Well, you can\'t verify Ledger\'s code, so you have to decide whether or not you trust them.\n\nAny hardware wallet can possibly get rogue firmware to extract keys, but Ledger actually put key extraction in their own firmware. I can\'t trust that.', '148xi71'], ['u/jpastore', 10, '2023-06-14 16:51', 'https://www.reddit.com/r/ledgerwallet/comments/148xi71/angle_of_attack/jo3xjnc/', "Apparently they don't want you to know how fucked it is\n\nhttps://www.reddit.com/r/CryptoCurrency/comments/148zegu/ledger_is_shadowbanning_users_who_mention_their", '148xi71']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, June 14, 2023', 33, '2023-06-14 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/', '148xvkb', [['u/52576078', 10, '2023-06-14 13:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo38drz/', 'Run a mile from any woman that says this!', '148xvkb'], ['u/dopeboyrico', 17, '2023-06-14 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo3m20f/', 'Powell is going to pause on rate hikes saying they’re at sufficiently restrictive levels based on current data but also state they’re open to hiking more in the future if warranted by upcoming economic data. Anything other than this would be a surprise.\n\nWhat I’m much more interested in is seeing the updated Fed balance sheet tomorrow. Last week saw the first minor uptick since March. It was also the first week since Congress passed the debt ceiling bill which will increase the debt ceiling by $4 trillion over the next 2 years. Could be unrelated but if we see another rise on the Fed balance sheet tomorrow it could be indicative that QE is back out of necessity to buy newly issued government bonds due to lack of sufficient interest in markets.', '148xvkb'], ['u/nationshelf', 17, '2023-06-14 18:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4co5m/', 'It’s not the decoupling we wanted, but it’s the decoupling we got.', '148xvkb'], ['u/NLNico', 17, '2023-06-14 20:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4ogl2/', '0 bps as expected.\n\n- [Federal Reserve issues FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htm)\n\n- [Implementation Note](https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a1.htm)\n\n- [FOMC Projections materials](https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20230614.htm)\n\nPress conference in [30 mins](https://twitter.com/federalreserve/status/1668969869176348672).', '148xvkb'], ['u/Ok_File_9520', 11, '2023-06-14 20:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4pn9v/', 'Decoupled on the upside and coupled on the downside. 🤦', '148xvkb'], ['u/delgrey', 12, '2023-06-14 20:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4tje4/', 'Hawkish pause? Now does Bitcoin care... still comatose. Blah.', '148xvkb'], ['u/NLNico', 10, '2023-06-14 20:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo4uuhu/', '"First move is fake"\n\n(I don\'t actually think we will moon, but funny how these things always go up/down and then retrace lol.)', '148xvkb'], ['u/dopeboyrico', 10, '2023-06-14 21:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo53shj/', 'Along with the pause in rate hikes, the Fed updated their projections going forward and indicated they anticipate 2 more 25 BP rate hikes before the end of the year to reach their terminal rate of around 5.6%.\n\nI think they’re bluffing in order to keep inflation expectations low and are actually going to remain data dependent going forward. If they didn’t make this claim and stated they believe we’re already at the terminal rate, inflation expectations would rise and would manifest into a self fulfilling prophecy. Additionally, if they really thought two more rate hikes might be needed before the end of the year, it would make sense to go ahead and do one of those hikes today rather than holding off until a later meeting.\n\nWe just got May’s YoY CPI print yesterday at 4.0% which was significantly lower than April’s 4.9% print. We’re almost halfway through June and [Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has their June YoY inflation estimate at 3.22%. [Truflation](https://truflation.com) has it at around 2.74% with a high of 2.94% and a low of 2.54% MTD.\n\nFor the past several months the actual YoY CPI number has ended up being somewhere in between these two estimates. If this trend continues and we end up seeing another significant drop in June’s YoY CPI print vs May’s 4.0% print, it’s going to be hard to justify another 25 BP rate hike in July when they already weren’t willing to do a rate hike today.', '148xvkb'], ['u/borger_borger_borger', 11, '2023-06-14 22:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo570dh/', 'Now you buy.', '148xvkb'], ['u/BootyPoppinPanda', 14, '2023-06-14 22:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo57cq4/', "It's just traders fucking themselves up. No one is here except them and the DCA gang. I am enjoying the crab. There have been days where I don't think about btc at all. Been a while, like 2019.", '148xvkb'], ['u/Essexal', 20, '2023-06-14 22:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5djjw/', 'Short closed at 24.9.\n\nA good days work.\n \nAgain.\n\nTaken half my trading account out, no point making it just to give it all back. \n\nLong from 25, lets see if she holds.', '148xvkb'], ['u/bloodyboy33', 26, '2023-06-14 23:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5elwk/', "it was pleasure to wait 3 straight months with you gentlemen's to get rekt in the end", '148xvkb'], ['u/_TROLL', 15, '2023-06-14 23:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5fiii/', "Total crypto marketcap about to dip below $1T again. Embarrassing.\n\nI think the wider world has pretty much forgotten about crypto, including bitcoin. Or at least, they're waiting for something concrete to happen at the regulatory level, i.e. the entire shitcoin market being legislated out of existence.\n\nThe current SEC is doing everything in its power to squelch the industry.", '148xvkb'], ['u/GenghisKhanSpermShot', 12, '2023-06-14 23:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5gz1o/', "If we can reclaim 25,340ish I'm going leverage long to the tits. would be a falling wedge fake breakdown which is very bullish IMO.", '148xvkb'], ['u/BootyPoppinPanda', 12, '2023-06-14 23:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5heo9/', "definitely don't agree with this take", '148xvkb'], ['u/LongStrongHopiumDong', 11, '2023-06-14 23:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5hlpt/', '> His coins are shitty, charts weak, bags are heavy.\n\n~ Gary Gen\n\nEdit: 🖕😎🖕', '148xvkb'], ['u/juiceous', 13, '2023-06-14 23:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5hz4v/', 'FED rate pause is at minimum strange as the core inflation still too high. If they increase further next meeting, it indicates they were worried about banks and the market on this June meeting.\n\nNVDA stock PE ratio is (pause to breathing): 221 - Just insane.\n\nShitcoins are taking a hit, however bitcoin dominance still at 47%. I will be following the Binance shitcoin price. If it dips too low, are they going to pull a FTX house of cards?\n\nThe world macro has the possibility to goes belly up. But again, this is better to happen sooner rather than later, lets hope next bull run on corn keeps untouched.', '148xvkb'], ['u/pgpwnd', 11, '2023-06-14 23:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5jqif/', 'taxes', '148xvkb'], ['u/setzer', 17, '2023-06-14 23:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/daily_discussion_wednesday_june_14_2023/jo5m36k/', 'That saying is usually applied to stocks, which, actually went up since May - significantly so in fact.', '148xvkb']]], ['u/T1mster', 'How to get back at someone that stole money from me', 22, '2023-06-14 07:46', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/', "This is mostly my fault because I'm an idiot. Basically I follow some guy that pays off people's tuition, or so I thought. These were people I knew so I thought he could help me out as well. Well, I paid him 1k and he paid off my 6k credit card debt. The payment went through and I was pretty ecstatic. In this bliss, I sent him more money, and he offered me more in return as he gambles it and makes more. This dude is a supposed millionaire and I'm a broke college student. Anyway, the credit card payment got reversed and now I am out of 9 thousand dollars. \n\n\nI have his full name, a general location he lives in, the types of cars he drives, his banking account # and routing number for one of this bank accounts, and phone number. How can I get back at him? I also have two of his bitcoin wallets.", 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/', '148zr2u', [['u/gangsincepottytrane', 37, '2023-06-14 08:03', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo2oi15/', 'Ummmm. Call the police first? If you have all this information get his ass arrested and get your money back', '148zr2u'], ['u/smeijer87', 15, '2023-06-14 08:38', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo2qyn3/', 'I\'m not sure if there the right move. "I pay him 1k, and they pay off my 6k debt" sounds fishy.\n\nIt\'s no gesture of good will, then they wouldn\'t ask for a payment. And I don\'t know any legal way that multiplies money by six on short term.\n\nThat being said, also odd that op transfered 9k, while they could just have used that to pay off the 6k debt.', '148zr2u'], ['u/MalnourishedMan', 41, '2023-06-14 08:54', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo2s2ig/', 'You got got. Congratulations', '148zr2u'], ['u/sakezaf123', 21, '2023-06-14 11:30', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo31xvu/', "Buddy, go to the police, this a pretty basic scam and also a crime. Yeah, you got fooled, it happens. But the dude's a scam artist, and if you don't go to the police with receipts and the story clearly laid out, he'll keep getting away with it. Also maybe talk to your parents, and a lawyer. The sooner you act, the better shot you have at getting that money back.\n\nI know this is embarrassing, but it's time to put your adult pants on, and take this seriously, because the guy clearly knows his marks. That's the best way you can screw him, and possibly get your money back.", '148zr2u'], ['u/OnTheRoad_Againn', 33, '2023-06-14 12:38', 'https://www.reddit.com/r/illegallifeprotips2/comments/148zr2u/how_to_get_back_at_someone_that_stole_money_from/jo36kon/', 'Ever heard of the saying "if it\'s too good to be true it probably is"? You just lived it.', '148zr2u']]], ['u/rBitcoinMod', 'Daily Discussion, June 14, 2023', 29, '2023-06-14 08:07', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14881xr/daily_discussion_june_13_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/', '14903m7', [['u/Aeolian_Harpy', 11, '2023-06-14 18:46', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo4dszz/', 'No, because I never watch any of that shit.', '14903m7'], ['u/escodelrio', 13, '2023-06-14 19:39', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo4lfru/', "Historical Bitcoin prices for today, June 14th:\r \n\r \n2023 - $25,975\r \n2022 - $22,157\r \n2021 - $40,529\r \n2020 - $9,345\r \n2019 - $8,656\r \n2018 - $6,647\r \n2017 - $2,467\r \n2016 - $685\r \n2015 - $234\r \n2014 - $583\r \n2013 - $100\r \n2012 - $5.9\r \n2011 - $19.3\r \n\r \nBitcoin's average daily price from 07/18/2010 to 06/14/2023 is $9,179.32.", '14903m7'], ['u/Aeolian_Harpy', 10, '2023-06-14 20:23', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo4rtkp/', "Yo yo yo yo - It's ya boi Jimmy Web3 coming atcha. Remember to subscribe and MASH THAT LIKE BUTTON! We got all the hype you cryptoheadz(TM) need! But first, a word from our sponsor - cryptohedz! Get ya CH gear here and tell em Jimmy sent you! Ok, let's get right into this mix... shout out to KeemStar for the crypto/twitch drama crossover reporting! That man drinks more White Claw than any other! But let's not get started on that! \n\nHorn Noise\nAPE ALERT!!!!!!\n\n...", '14903m7'], ['u/LucasM127', 12, '2023-06-14 22:07', 'https://www.reddit.com/r/Bitcoin/comments/14903m7/daily_discussion_june_14_2023/jo56t3p/', 'CNBC news headline: Bitcoin moves higher after Fed decision\n\nBarron’s news headline: Bitcoin Slips After Fed Decision.\n\nOn Apple News iPhone.\n\nBitcoin price goes sideways.', '14903m7']]], ['u/srikar_tech', 'Here is why you should revisit NANO, Again (V25)', 108, '2023-06-14 08:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/', "Hey folks,\n\nEver thought about taking a second look at Nano (Ticker: XNO)? Here's my attempt to put it under the microscope and weigh in on what I think makes it intriguing.\n\nFirst, let's do a quick rundown:\n\n- Name: Nano\n- Ticker: XNO\n- Market Cap: <100M USD\n- Use case: Peer-to-Peer Electronic Cash System\n- Distribution: Freely distributed via captcha faucet\n\nI would like to point out, despite being dPos, NANO is the only cryptocurrency that has\n\n- No Rewards\n- No Staking\n- No Fees\n- No ICO, Pre/Private Sale\n- No VCs\n\nHence, cannot be called a security IMO. Probably the only dPos coin that can say that right now.\n\nYou send 0.00001 NANO, you get precisely 0.00001 NANO. The UX cannot get better than that.\n\nIs it Decentralised?\n\nYes, Nakamoto Coefficient is on par with Bitcoin. Further due to its ORV design, the more its adopted, the more decentralised it becomes. \n\nWhat are the cons?\n\nIt couldn’t handle spam attacks in the past, as of v22, that was fixed with a new anti spam mitigation system where flow control is done by a new innovative prioritisation algorithm that prioritises a transaction with (User balanceLeast recently used) within multiple balances divided into various bucket. \n\nRight now with v25, this has been fine tuned further and similar attacks that were proven to halt the network previously have been easily handled now. \n\nSo, what else is not so great?\n\nScalability is average, current network can do 400 tps. NANO uses a gossip protocol and is limited by hardware and network bandwidth etc. However with Moore’s law, this number has been doubling with time. \n\n\nConclusion:\n\nNano is fast, fee-less and truly decentralised with decent scalability that seem to only improve over time. Its what a non-crypto person, when they first hear of Bitcoin, would imagine it to work like. \n\nEspecially now with focus on distribution, rewards and other factors plaguing 99% of the crypto, Nano focuses on achieving the original dream, without any major compromises. It is set to realise the dream that has never been realised ever since Bitcoin came into picture, i.e being a true people’s money that cannot be censored or controlled by any government entity due its design, distribution and technology choices.", 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/', '1490at0', [['u/Consistent_Many_1858', 39, '2023-06-14 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2qb85/', "Nano is great, it's time will come, just wait and see.", '1490at0'], ['u/jwolf696', 42, '2023-06-14 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2r7y1/', 'I wonder why Nano is not higher ranked, #188 seems too low to me', '1490at0'], ['u/InsaneMcFries', 21, '2023-06-14 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2sbcs/', 'Are we bullish again? /s\n\nNano is great and Banano is also. Two very underrated coins for a long time. Banano is special to me due to folding to mine and the wholesome tipping culture in the subreddit', '1490at0'], ['u/OsChMoScH', 64, '2023-06-14 09:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2sl01/', "Conclusion: you hold huge bags of nano, you're part of the nano sub and now you're trying to convince others of your religion.", '1490at0'], ['u/SetoXlll', 14, '2023-06-14 09:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2v3rn/', 'Thanks I love NANO. Now I’ll buy some on my next check. Or should I convert some of my moons? Hmmmmmmmm decisions decisions.', '1490at0'], ['u/kryptoNoob69420', 29, '2023-06-14 09:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2w7cz/', 'Cause we rather pump coins like Pepe unfortunately', '1490at0'], ['u/EdgeLord19941', 10, '2023-06-14 10:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2x6bu/', "No, no I don't think I will", '1490at0'], ['u/Corican', 45, '2023-06-14 10:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2xvg3/', "People that are involved in something tend to be the people who are knowledgeable about it.\n\nWe don't get people discussing things they have no connection to, because they don't have any knowledge of it.", '1490at0'], ['u/srikar_tech', 21, '2023-06-14 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2ytsz/', 'Would you rather judge on fundamentals and real world use cases or price action, those had great price action due to a lot of VCs funds seem to be burning a hole in everyones pocket especially with time and regulations', '1490at0'], ['u/srikar_tech', 19, '2023-06-14 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2yuv7/', 'Good argument. Nice talk', '1490at0'], ['u/srikar_tech', 30, '2023-06-14 10:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2yyoj/', 'Any arguments against its fundamentals? Im obviously shilling but im asking for genuine take, if you have any con argument im all ears, except price action, I don’t think that is a valid argument', '1490at0'], ['u/srikar_tech', 22, '2023-06-14 10:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2z3h5/', 'Please do what your heart pleases my friend. But my sincere request is to just look into the facts.', '1490at0'], ['u/srikar_tech', 18, '2023-06-14 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2z63h/', 'Why bro? What is wrong with expressing the enthusiasm for a good project like Nano, we hardly have anything else that comes close to it if you look into its ethos.', '1490at0'], ['u/srikar_tech', 19, '2023-06-14 10:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo2zxn6/', 'Hence not a security. All those scams are getting busted now.', '1490at0'], ['u/CapnPratt', 29, '2023-06-14 11:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3085b/', "Nano is one of the most useful ones I've ever used, unlike almost everything else that is pepe frog tokens and ethkiller shillprojects.", '1490at0'], ['u/Token_Broker', 14, '2023-06-14 11:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo315zq/', "Nano is a great idea but all of crypto is about investment at the moment and not actually using the tech. Would anyone buy bitcoin if they didn't think it would increase in value? Nano tech is good but no rewards means no investment", '1490at0'], ['u/StolenApe', 11, '2023-06-14 11:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo32sxj/', 'They upset me when nanex shut down', '1490at0'], ['u/Looks_Like_Twain', 33, '2023-06-14 11:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo337f8/', "Man there's a lot of haters out here. Nano is better than ever and improving constantly. But by all means buy the next pepe coin you degens.", '1490at0'], ['u/OneThatNoseOne', 29, '2023-06-14 11:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33gy7/', "It's so low precisely because there's no ICOs, no mining/staking, no fees, no rewards, no VCs etc.\n\nBecause as much as people claim to hate that coins will more complex tokenomics attract more people because there's more ways to make profit", '1490at0'], ['u/AmbitiousPhilosopher', 10, '2023-06-14 11:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33m86/', "True, nano doesn't profit middle-men.", '1490at0'], ['u/raincloud82', 16, '2023-06-14 11:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33qsp/', "I think this gets very overlooked. A project being good and/or useful (or even widely adopted) doesn't always imply that the coin/token will moon in value.", '1490at0'], ['u/GoalBooster', 13, '2023-06-14 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33t0z/', "Given people's involvement, it's strange that NANO doesn't rank so high, even given the problems that have been described.", '1490at0'], ['u/Redac07', 13, '2023-06-14 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33u0c/', 'Nanex was amazing.', '1490at0'], ['u/AmbitiousPhilosopher', 14, '2023-06-14 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo33ujv/', "Correct, holding nano will never earn you more nano. I won't move back to inflationary fee coins, sorry.", '1490at0'], ['u/dick_piana', 23, '2023-06-14 12:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo366dd/', 'Almost everyone here looks at crypto as an investment vehicle to make more money (fiat). Hence all the "bagholder" comments. If you\'re here for the actual technology then you would love NANO but as an investment vehicle it won\'t make the returns people want, therefore it\'s bad and promoting it is "shilling"', '1490at0'], ['u/srikar_tech', 16, '2023-06-14 12:37', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo36gtb/', 'Your answer is ignorant. Wdym shitcoins, which coin has any real world utility YET? Nano by design is feeless and instant money, you need me to explain you why that is of any use? Ask any business the pain of paying 2% cut using visa and 8% loss when you do cross border payments using paypal. Nano is “peer to peer electronic cash system “ if you don’t think its a usecase, then you are on the wrong sub my friend.', '1490at0'], ['u/srikar_tech', 10, '2023-06-14 12:38', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo36j3f/', 'Its the same, but it improves upon bitcoin’s weaknesses.', '1490at0'], ['u/srikar_tech', 15, '2023-06-14 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo36muf/', 'Don’t give up. If it was that easy, everyone would be a millionaire. Check early days of bitcoin, people lost patience and sold for pennies or mere dollar. Just look at the tech and fundamentals. Does it make sense? If it does, then you can sleep well as you are logically invested.', '1490at0'], ['u/Huge_Agent_1448', 17, '2023-06-14 12:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo371km/', "I like nano and I also like banano. I get them for free. But until more people use it, I'm not gonna purchase it with fiat.", '1490at0'], ['u/srikar_tech', 11, '2023-06-14 12:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo37489/', 'Lightning is complicated and doesn’t work when btc network is at full capacity, recently we saw the issues with the ordinals. Nano and bitcoin can both co exist, nano for smaller everyday txns and bitcoin like a strong store of value and larger txns for more confidence.', '1490at0'], ['u/Ferdo306', 66, '2023-06-14 13:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo39myt/', "You could say the same about many posts in here. Most people write about coins they hold which is reasonable to me\n\nThe fact that OP holds Nano doesn't mean that Nano is good nor bad. It's up to everyone to make their own decision", '1490at0'], ['u/UsedTeabagger', 45, '2023-06-14 13:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo39qyb/', '\n\nIn my perspective, Nano is an even better investment if you think about what it truly is: the purest form of money you can get.\n\nWhy? Too many projects try to be anything at the same time. This is not possible. To give a metaphorical comparison: you can\'t be the fastest racing car and the best off-road car at the same time. You have to find balance in both worlds, but this means you aren\'t the best in anything. You can only be the best in something if you specialize in something like, for instance, grand prix Farrari, which is one of the greatest car brands for racing, but can\'t really do anything else. Everyone knows Farrari nevertheless (and sometimes it\'s even recognized faster than average car brands like Hyundai), because it\'s probably just the best choice for racing for many.\n\nMoney, as Nano tries to be, should never have to compete for resources with other use cases, otherwise there will be no more resources left for money. Not having smart contract functionalities for instance is Nano\'s strength, and not it\'s weakness.\n\nValue transfer is the least profitable use of resources you can have. If you have any other functionality, what you have in fact is other use cases competing for resources, and value transfer will always lose that competition, no matter how low the fees or how many use-cases: People will find ways to use the network in more profitable ways. That\'s why Nano has to be simple and solely focused on value transfer. You can\'t have a car that is both the fastest and strongest.\n\nBut now the thing: all use-cases have one thing in common: they all depend on value-transfer. And Nano happens to be one of, if not the best, like farrari is in racing.\n\nNano could embrace 2nd-layer use-cased, without direct competition. Imagine having the capability to decide whether you enable/disable smart-contracts and/or privacy and far more "add-ons"/use-cases on Nano, making it essentially a genesis modular building block for everything you want. But value transfer must be fundamentally first for this to work. You could decide wether you use privacy on Nano, smart-contracts on Nano, both, or non. \n\nYou can probably see how powerful this could be.', '1490at0'], ['u/seniorbatista19', 12, '2023-06-14 13:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3b1hf/', 'Bullish on nano', '1490at0'], ['u/Particular_End_8185', 11, '2023-06-14 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3bxst/', 'I sell drugs', '1490at0'], ['u/ronchon', 18, '2023-06-14 13:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3cg3t/', 'People setup bitcoin nodes. There are no incentives either.\n\n😺', '1490at0'], ['u/ShortBusCult', 34, '2023-06-14 15:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3m7fm/', "I don't hold any NANO.... I will take a 2nd look, but probably not hold any NANO afterwards.....\n\nOh, who am I kidding?? I bought Safemoon and still hold it, so might as well buy some of this!", '1490at0'], ['u/Faramir_Anarion', 116, '2023-06-14 15:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3n8rq/', "OG Raiblocks / Nano holder from 2018 here. I am also a software dev and work for a cybersecurity company. Yes thats a qualification statement and you'll just have to believe I'm not a teenage investor talking about things I don't understand. \n\n\nFully agree with OP. I still hold Nano b/c its a zero bs project and technicals are sound. Its also why I think the project is lack-luster on price action since it has realistic metrics and TPS. Most other projects are still selling an idea, hence price gets higher speculation.\n\nIMO Nanos day won't come by user adoption, but rather by merchant adoption. And this is why I think the project is a sleeping giant. A large corp will realize how much money they can save on fees by cutting out middleware providers.", '1490at0'], ['u/antihero12', 18, '2023-06-14 15:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3oha9/', "The disappointment - it didn't moon. Typical /r/cryptocurrency way of evaluating a project.", '1490at0'], ['u/Justdessert5', 10, '2023-06-14 15:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3p21g/', "Most of the people who are still in nano are not going to be selling for a quick buck. I've held some of my nano for almost 6 years now. The rest I have bought regularly since. I have not sold any- only donated. Sure some people will dump their nano at certain price levels but not as much as you think", '1490at0'], ['u/Justdessert5', 12, '2023-06-14 15:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3pgis/', "One of the highest growth payment processing companies in the UK (Kappture) has nano integration ready for when the Nano Foundation deem it commercial grade. So don't rule out the possibility that your comment will soon be proven mistaken. However regulation is indeed the main hurdle. That and seamless on and off ramp for businesses to manage risk.", '1490at0'], ['u/Qwahzi', 25, '2023-06-14 15:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3pnkc/', "Doesn't the entire internet (and even Bitcoin full nodes) operate on the same incentive structure as Nano? Almost no internet protocol (TCP/IP, HTTP, SMTP, etc) has fees built-in at the protocol level", '1490at0'], ['u/upboatsnhoes', 10, '2023-06-14 15:55', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3qa1k/', "Banano sounds like what you're looking for...", '1490at0'], ['u/Justdessert5', 15, '2023-06-14 16:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3r6ze/', "This is the correct answer. However this will change if people ever remember that money is a metric not an investment. You can speculate on it but not invest. When the market matures- coins that people can use the easiest will be the most popular and people won't talk about getting rich off it they will just use it and ask for salaries in it due to the practicality", '1490at0'], ['u/Illicitterror', 19, '2023-06-14 16:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3ueaz/', 'I enjoyed using NANO for the free payouts when I was pool mining Eth, gas fees kill profit.', '1490at0'], ['u/gabriiel9', 44, '2023-06-14 16:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3ux2q/', "Find me another crypto that :\n\n is not considered as a security (as for now);\n* that has free transactions (completely free- that's insane when you think about it);\n* such a low MC;\n* promise no bullshit like other crypto and offer now a TPS of 50 (CPS of 100);\n* has constantly improved since launch- codebase level;\n* that has a team with an ethos that is noble in a bullshit cryptoworld. \n* I FORGOT one of the most important : environmentally friendly crypto\\\\\\\\\\", '1490at0'], ['u/writewhereileftoff', 12, '2023-06-14 16:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3v2fs/', 'Indeed, smalltime speculators might not see this but there is no doubt in my mind nano has a lot of interest from corporations, who cant wait to cut out fee collecting middlemen. \n\nAlso these corportations are not that easily fooled as the "average crypto degen" by staking and other gimmicks.', '1490at0'], ['u/Qwahzi', 11, '2023-06-14 16:51', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3xmqp/', 'Imo, because Nano is interesting technology. Close your eyes and imagine what "perfect money" would look like, without thinking of any specific currency (or cryptocurrency). Imo, you might come up with a list similar to the following:\n\n- Feeless\n\n- Instant\n\n- Scalable\n\n- Divisible\n\n- Fair\n\n- Fixed supply\n\n- Efficient/environmentally friendly\n\n- Censorship-resistant\n\n- Decentralized\n\n- Permission-less\n\n- Programmable\n\n- Private\n\nNow what cryptocurrencies come closest to that vision? \n\nSome items are debatable of course, and some inherently come with tradeoffs (e.g. programmability or privacy could make scalability more difficult, etc), but Nano has quite a few of the items on that list, which makes it very interesting to me\n\nIn all of human history, we\'ve never had feeless, instant, permission-less, fixed-supply, money. Until now', '1490at0'], ['u/liiiizard', 14, '2023-06-14 16:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3yks2/', 'Supranational currencies starts with X in ISO 4217. That\'s why it was changed.\n\nBitcoin has the symbol XBT. Is that also "lame"?', '1490at0'], ['u/Roundaboutright', 26, '2023-06-14 17:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo3zgdu/', 'Spot on', '1490at0'], ['u/t1MacDoge', 15, '2023-06-14 17:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo41yy1/', 'Cool, i have nanos, they are fun to move around', '1490at0'], ['u/Qwahzi', 16, '2023-06-14 17:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo46dwq/', 'Volatility is much less of a problem when your transactions confirm in <500ms. In the short-term, merchants/users can use Nano as payment rails and immediately convert to local currency (<1% fees, lower than credit cards), at least until widespread adoption that allows you to keep spending it directly without needing to convert every time', '1490at0'], ['u/Qwahzi', 22, '2023-06-14 17:57', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo46tzz/', "The number of nodes doesn't matter as much as the distribution of consensus power. If you have 1000 nodes, but hashrate/vote weight is controlled by 1 entity, you're not really decentralized\n\nNano has similar or better decentralization than Bitcoin:\n\nhttps://i.imgur.com/cfnle8y.png\n\nvs:\n\nhttps://i.imgur.com/givYFhC.png", '1490at0'], ['u/Qwahzi', 12, '2023-06-14 17:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo475a4/', "Nano is decentralized & censorship-resistant. It even has deterministic finality (vs Bitcoin's probabilistic finality)\n\nIf you make a 1000 transactions in a year, fees add up. Especially with fiat when there are 1-3% fees on credit cards, and especially for the 3.5+ BILLION people that make ~$6/day", '1490at0'], ['u/deadleg22', 12, '2023-06-14 18:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo47ltf/', "Ok that does look quite good. I've not looked into nano in a long time but will delve in and may end up buying some.", '1490at0'], ['u/PettyTrashPanda', 17, '2023-06-14 18:10', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo48lon/', "There is a whole market for Nano in multi-nation families if it can be easily spent/withdrawn by recipients. Right now, transferring fist to family in other countries can be slow, expensive, and easily abused by the companies you have to rely on to complete the transactions. I have mucked about sending nano to relatives on the other side of the world and it was faster than e-transferring fiat to my neighbor.\n\nI know it's not a 10X moon shot coin, but that's why I like it so much. Being able to send tiny amounts without a fee is a big deal.", '1490at0'], ['u/Qwahzi', 11, '2023-06-14 18:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4ano9/', 'Let me offer an "investment" (speculative) perspective then:\n\n- Nano has the same goal as Bitcoin, Litecoin, etc, but has a much* lower current marketcap\n\n- Nano has a completely fixed supply\n\n- Nano is fully-distributed (no supply inflation)\n\n- No long-term security concerns (e.g. Bitcoin\'s declining block subsidies)\n\n- Digital gold (store of value) is an emergent property of utility (like cigarettes in prison): https://i.imgur.com/NgiwJXW.png\n\n- Directly usable as a MoE, without needing to "cash out" into fiat\n\n- Directly usable as a MoE, without needing centralized or custodial systems\n\n- No miners/rentseekers/middlemen that leech value\n\n- Minimal operating costs\n\n- Minimal negative environmental externalities\n\n- Few centralization incentives, since you don\'t get paid to hoard weight/hashrate\n\n- Similar or better decentralization vs Bitcoin', '1490at0'], ['u/wizard_level_80', 19, '2023-06-14 19:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4mfsc/', "The reality is an opposite. Rewards for staking and mining are an incentive to reduce decentralization. And you don't need to pay transaction fees to keep the network secure, as this project shown.", '1490at0'], ['u/zoneee', 15, '2023-06-14 19:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4oak5/', 'No marketing budget, no shady foundation, no institutional whales and VCs', '1490at0'], ['u/jaypeeace', 25, '2023-06-14 20:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4tjf8/', "tried Nano once, it was fun and now can't stop", '1490at0'], ['u/Qwahzi', 10, '2023-06-14 20:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo4ulij/', 'To a point. Eventually (with enough awareness/adoption), it stops making sense to pay the 0.5%-1.5% conversion fees, vs spending/holding Nano directly. Then it becomes a matter of demand vs (fixed) supply', '1490at0'], ['u/Severe_Coconut_7571', 14, '2023-06-14 21:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo51o1m/', 'Goddamn. More nano love! It’s an amazing crypto', '1490at0'], ['u/bigshooTer39', 23, '2023-06-14 22:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1490at0/here_is_why_you_should_revisit_nano_again_v25/jo57hkb/', 'nano should be the top transactional currency not sure why its not more popular', '1490at0']]], ['u/ASeatedLion', 'Need advice on investing and best practices', 14, '2023-06-14 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/', "Hey guys, please be kind - I want to learn and I'm new to all this.\n\nBeen investing £25 a week in half BTC and half ETH on Coinbase. I move my BTC every month to my Trust Wallet to have it off the exchange but I stake ETH on Coinbase.\n\nA couple questions:\nShould I be buying anywhere else? Are there better places to do recurring buys which aren't on an exchange for example?\n\nI want to stake off an exchange but have no idea where is best, I've seen Lido on the dApps in TW - what other options are there?\n\nDo you have any other advice? \n\nAppreciate your time!", 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/', '1492l21', [['u/rikbona', 15, '2023-06-14 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/jo2zkas/', '>Been investing £25 a week in half BTC and half ETH on Coinbase. I move my BTC every month to my Trust Wallet to have it off the exchange but I stake ETH on Coinbase.\n\nnot sure you need any advice OP, it seems you are doing it right 😁💪🏼\n\nyou can probably save some gas fees by moving your stuff to trust wallet once every 6 months rather than monthly, but other than that, it all looks great 👍🏻', '1492l21'], ['u/EasyMacN34', 10, '2023-06-14 12:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1492l21/need_advice_on_investing_and_best_practices/jo3553u/', 'cries in Ledger', '1492l21']]], ['u/Mrlemonhead2k', 'Btc n xrp', 11, '2023-06-14 10:48', 'https://www.reddit.com/r/XRP/comments/1492p6t/btc_n_xrp/', 'Just a quick one, am I right in thinking xrp won’t have massive moves until btc wakes up?. we had a decent move yesterday but for me it seams btc took it down with it ? \n\n(Didn’t know what flare I needed to use so picked fluff)😂', 'https://www.reddit.com/r/XRP/comments/1492p6t/btc_n_xrp/', '1492p6t', [['u/coachhunter2', 17, '2023-06-14 12:19', 'https://www.reddit.com/r/XRP/comments/1492p6t/btc_n_xrp/jo355cz/', 'If there is a positive resolution to the SEC vs Ripple case, and US exchanges relist, XRP will make moves without BTC. But the strength of that will depend to some extent on what BTC is doing at the time.', '1492p6t']]], ['u/DerpJungler', 'The timing is calculate. Everything is calculated.', 148, '2023-06-14 15:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1498luy/the_timing_is_calculate_everything_is_calculated/', 'Once again, refraining from sounding like an alarmist conspiracy theorist madman, I strongly believe that the actions from the U.S. Government and the SEC against cryptocurrencies *have been carefully calculated.*\n\nIn February 2021, Gary Gensler was [nominated by president Joe Biden to become the chairman of the SEC.](https://news.mit.edu/2021/gary-gensler-nominated-chair-sec-0119) If you\'ve been around any crypto forum/discussion at the time, the sentiment was pos... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin friendly Miami Mayor Francis Suarez has announced he\'s running for President.\nSuarez announced his candidacy on Twitter on Thursday morning, and filed paperwork with the Federal Election Commission on Wednesday.\nSuarez, who vowed to make the city a bitcoin hub and has accepted his salary in bitcoin, joins a growing Republican field seeking to unseat President Joe Biden in the 2024 election. He faces an uphill struggle to build national name recognition among several high-profile candidates who have already announced their candidacies, including former President Donald Trump and Florida Governor Ron DeSantis. Miami has elected Suarez twice.\nDuring the coronavirus pandemic, Miami – also called "Magic City – drew an exodus of tech workers from Silicon Valley and New York. Several crypto firms relocated there permanently.\nSuarez, who touted bitcoin\'s "democratizing impact on the future of wealth for every American" ina 2021 interviewwith CoinDesk, has examined ways to accept taxes and pay municipal employees in the currency. He also announced MiamiCoin (MIA), built on the Bitcoin adjacent blockchain, Stacks, which he hoped could someday pay a recurring BTC stimulus to Miami citizens.\nBy 2022, MIA hadshed roughly 95%of its value from an all-time high of around 5 cents eight months earlier, according to data from CoinMarketCap. In March, crypto exchange OKCoinsuspendedthe trading of MIA – and a second city coin, NYCCoin – citing limited liquidity as the reason for the decision.\nIn a2022 CoinDesk interview, Suarez said that despite MIA\'s struggles, he remained a believer in crypto. "People ask me the same thing about bitcoin, the fact that it\'s lost more than 50% of its value, but that doesn\'t change my feelings about the fundamental technology," Suarez said.\nUPDATE (June 15, 12:22 UTC):Added Suarez\'s tweet.', 'Bitcoin friendly Miami Mayor Francis Suarez has announced he\'s running for President.\nSuarez announced his candidacy on Twitter on Thursday morning, and filed paperwork with the Federal Election Commission on Wednesday.\nSuarez, who vowed to make the city a bitcoin hub and has accepted his salary in bitcoin, joins a growing Republican field seeking to unseat President Joe Biden in the 2024 election. He faces an uphill struggle to build national name recognition among several high-profile candidates who have already announced their candidacies, including former President Donald Trump and Florida Governor Ron DeSantis. Miami has elected Suarez twice.\nDuring the coronavirus pandemic, Miami – also called "Magic City – drew an exodus of tech workers from Silicon Valley and New York. Several crypto firms relocated there permanently.\nSuarez, who touted bitcoin\'s "democratizing impact on the future of wealth for every American" ina 2021 interviewwith CoinDesk, has examined ways to accept taxes and pay municipal employees in the currency. He also announced MiamiCoin (MIA), built on the Bitcoin adjacent blockchain, Stacks, which he hoped could someday pay a recurring BTC stimulus to Miami citizens.\nBy 2022, MIA hadshed roughly 95%of its value from an all-time high of around 5 cents eight months earlier, according to data from CoinMarketCap. In March, crypto exchange OKCoinsuspendedthe trading of MIA – and a second city coin, NYCCoin – citing limited liquidity as the reason for the decision.\nIn a2022 CoinDesk interview, Suarez said that despite MIA\'s struggles, he remained a believer in crypto. "People ask me the same thing about bitcoin, the fact that it\'s lost more than 50% of its value, but that doesn\'t change my feelings about the fundamental technology," Suarez said.\nUPDATE (June 15, 12:22 UTC):Added Suarez\'s tweet.', 'Bitcoin fell in Thursday morning trading in Asia, dropping below US$25,000 at one stage for the first time since mid-March. Ether also retreated with other top 10 non-stablecoin cryptocurrencies as trading volumes dipped and the U.S. Fed left interest rates unchanged as expected, but warned of more hikes this year to tackle inflation. Ripple’s XRP token fell despite the release of documents this week that were expected to help the company’s defense in an SEC lawsuit.\nBitcoin fell 2.94% over the last 24 hours to US$25,062.60 at 6:30 a.m. in Hong Kong, losing 4.69% in the last week, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$490 billion, dipped below the US$25,000 support line to as low as US$24,902 earlier in the morning.\nEther fell 4.74% to US$1,652.25, posting a 9.70% loss for the week. All other top 10 non-stablecoin cryptocurrencies fell, according to CoinMarketCap.\nCardano dropped 4.10% to US$0.2624, losing 18.57% of its value in the past seven days. Solana fell 3.18% to US$14.44 and posted a weekly loss of 22.52%.\nThe two tokens have been on a downtrend since being named in the SEC’s lawsuit filed last week against the Binance.US and Coinbase exchanges, where the federal agency categorized the two — along with many other altcoins — as financial securities.\nBenjamin Stani, the director of business development and sales at crypto trading platform Matrixport, said the declines are mostly the overhang from the SEC suing Binance and Coinbase.\n“It’s been predominantly the altcoins that have been dropping,” said Stani. “BTC and, to some extent, ETH as well have been holding up better and that I think is mostly attributable to the fact that the SEC named a lot of [altcoins] as securities and that has this chilling effect.”\nThe U.S. Federal Reserve left interest rates unchanged as expected on Wednesday at 5% to 5.25% after ten consecutive hikes to curb inflation.\nBut in another negative for investors, Fed chair Jerome Powellsaidit may take years to get inflation under control, dousing expectations for rate cuts later this year and raising the likelihood of higher interest rates ahead. Stocks ended mixed.\nRipple’s XRP token led the losers in the crypto top 10 by market capitalization, falling 7.48% to US$0.4793 on the day for a weekly loss of 7.19%.\nThe declines came despite the release of the so-called “Hinman documents,” this week, a collection of previously sealed emails and pages from former U.S. Securities and Exchange Commission director William Hinman. The notes indicate that Ether should not be categorized as a financial security.\nRipple Labs Inc. was sued by the SEC in December 2020 on allegations XRP was sold as an illegal unregistered security. Ripple wanted the Hinmandocumentsmade public, arguing they show the SEC itself was sending mixed and confused signals over whether cryptocurrencies were securities and failing to offer clear guidance to the industry, which is part of Ripple’sfair notice defensein the case.\nHowever, XRP’s price hasn’t benefited from the release of the documents. Gabriel Shapiro, a U.S.-based attorney and the general counsel at blockchain firm Delphi Labs,wroteon Twitter Tuesday — “\u200b\u200bHinman emails are a nothingburger though great for Ether. No idea why Ripple thinks these emails help Ripple’s case.”\nShapiro added that the documents were not the bombshell compared to the “huge hype” given to them.\nThe total cryptocurrency market cap lost 2.76% to US$1.02 trillion in the last 24 hours, and the daily crypto trading volume fell 5.37% to US$31.89 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 0.86% to 2,912.74 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.64% for the week.\nTotal NFT transactions rose 0.13% to US$23.7 million, while sales on Ethereum, the leading blockchain by volume, fell 4.78% over the last 24 hours to US$13.52 million, according to CryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of transactions, rising 6.95% to US$4.1 million in the last 24 hours.\nThe recent buzz in the NFT community is around ERC-6551, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. ERC-6551 is the latest NFT standard for the Ethereum network that went into effect on May 7 this year.\n“ERC-6551 is introducing a standard for NFTs by unlocking their ability to be a smart wallet that can interact with different decentralized apps in the Ethereum ecosystem,” Petscher explained. “With ERC-6551, when you transfer an NFT, the wallet and the tokens that the NFT holds also goes with it. Basically wallets within wallets.”\nAbout 196 million of Blur tokens worth around US$62 million, 40% of the circulating supply, are being unlocked and distributed to investors and contributors on Wednesday, U.S. time. Blur is the native utility and governance tokens of the Blur NFT marketplace.\n“[This] will almost definitely cause a crash in price, which will impact NFT prices,” Petscher said. “Basically, if the token is devalued, will people still want to farm for it via trading NFTs?”\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — topped sales by collection, selling US$3.14 million in the last 24 hours.\nEthereum-based BoringPunks marked second with US$1.63 million in sales, with over 20,000 transactions in the past day.\nU.S. stock futures edged down as of 11:00 a.m. in Hong Kong after a mixed regular trading day on Wednesday. Dow Jones Industrial Average futures fell 0.09%, S&P 500 futures edged 0.06% lower and Nasdaq Futures lost 0.09%.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year.\nHowever, post-meeting comments from Powell hinted at two more rate hikes by the end of this year, while stating that rate cuts will not happen unless inflation is under control. That didn’t go down well with some business leaders.\n“The battle against inflation is being won. This is now the time for the Fed to stop – not pause – interest rate hikes,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The time lag for monetary policies is notoriously long — it typically takes about 18 months to two years for the full effect of rate hikes to filter fully into the economy,” Green said, adding that excessive rate hikes could lead to a recession in the U.S.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 30.6% chance the Fed will leave rates as is at July’s meeting, while 69.4% says the Fed will raise interest rates by 25 basis points.\n(Updates with equities section)', 'Bitcoin fell in Thursday morning trading in Asia, dropping below US$25,000 at one stage for the first time since mid-March. Ether also retreated with other top 10 non-stablecoin cryptocurrencies as trading volumes dipped and the U.S. Fed left interest rates unchanged as expected, but warned of more hikes this year to tackle inflation. Ripple’s XRP token fell despite the release of documents this week that were expected to help the company’s defense in an SEC lawsuit.\nBitcoin fell 2.94% over the last 24 hours to US$25,062.60 at 6:30 a.m. in Hong Kong, losing 4.69% in the last week, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$490 billion, dipped below the US$25,000 support line to as low as US$24,902 earlier in the morning.\nEther fell 4.74% to US$1,652.25, posting a 9.70% loss for the week. All other top 10 non-stablecoin cryptocurrencies fell, according to CoinMarketCap.\nCardano dropped 4.10% to US$0.2624, losing 18.57% of its value in the past seven days. Solana fell 3.18% to US$14.44 and posted a weekly loss of 22.52%.\nThe two tokens have been on a downtrend since being named in the SEC’s lawsuit filed last week against the Binance.US and Coinbase exchanges, where the federal agency categorized the two — along with many other altcoins — as financial securities.\nBenjamin Stani, the director of business development and sales at crypto trading platform Matrixport, said the declines are mostly the overhang from the SEC suing Binance and Coinbase.\n“It’s been predominantly the altcoins that have been dropping,” said Stani. “BTC and, to some extent, ETH as well have been holding up better and that I think is mostly attributable to the fact that the SEC named a lot of [altcoins] as securities and that has this chilling effect.”\nThe U.S. Federal Reserve left interest rates unchanged as expected on Wednesday at 5% to 5.25% after ten consecutive hikes to curb inflation.\nBut in another negative for investors, Fed chair Jerome Powellsaidit may take years to get inflation under control, dousing expectations for rate cuts later this year and raising the likelihood of higher interest rates ahead. Stocks ended mixed.\nRipple’s XRP token led the losers in the crypto top 10 by market capitalization, falling 7.48% to US$0.4793 on the day for a weekly loss of 7.19%.\nThe declines came despite the release of the so-called “Hinman documents,” this week, a collection of previously sealed emails and pages from former U.S. Securities and Exchange Commission director William Hinman. The notes indicate that Ether should not be categorized as a financial security.\nRipple Labs Inc. was sued by the SEC in December 2020 on allegations XRP was sold as an illegal unregistered security. Ripple wanted the Hinmandocumentsmade public, arguing they show the SEC itself was sending mixed and confused signals over whether cryptocurrencies were securities and failing to offer clear guidance to the industry, which is part of Ripple’sfair notice defensein the case.\nHowever, XRP’s price hasn’t benefited from the release of the documents. Gabriel Shapiro, a U.S.-based attorney and the general counsel at blockchain firm Delphi Labs,wroteon Twitter Tuesday — “\u200b\u200bHinman emails are a nothingburger though great for Ether. No idea why Ripple thinks these emails help Ripple’s case.”\nShapiro added that the documents were not the bombshell compared to the “huge hype” given to them.\nThe total cryptocurrency market cap lost 2.76% to US$1.02 trillion in the last 24 hours, and the daily crypto trading volume fell 5.37% to US$31.89 billion, according to CoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 0.86% to 2,912.74 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.64% for the week.\nTotal NFT transactions rose 0.13% to US$23.7 million, while sales on Ethereum, the leading blockchain by volume, fell 4.78% over the last 24 hours to US$13.52 million, according to CryptoSlamdata.\nThe Bitcoin network was the second largest NFT network in terms of transactions, rising 6.95% to US$4.1 million in the last 24 hours.\nThe recent buzz in the NFT community is around ERC-6551, according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. ERC-6551 is the latest NFT standard for the Ethereum network that went into effect on May 7 this year.\n“ERC-6551 is introducing a standard for NFTs by unlocking their ability to be a smart wallet that can interact with different decentralized apps in the Ethereum ecosystem,” Petscher explained. “With ERC-6551, when you transfer an NFT, the wallet and the tokens that the NFT holds also goes with it. Basically wallets within wallets.”\nAbout 196 million of Blur tokens worth around US$62 million, 40% of the circulating supply, are being unlocked and distributed to investors and contributors on Wednesday, U.S. time. Blur is the native utility and governance tokens of the Blur NFT marketplace.\n“[This] will almost definitely cause a crash in price, which will impact NFT prices,” Petscher said. “Basically, if the token is devalued, will people still want to farm for it via trading NFTs?”\nTransactions of Uncategorized Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — topped sales by collection, selling US$3.14 million in the last 24 hours.\nEthereum-based BoringPunks marked second with US$1.63 million in sales, with over 20,000 transactions in the past day.\nU.S. stock futures edged down as of 11:00 a.m. in Hong Kong after a mixed regular trading day on Wednesday. Dow Jones Industrial Average futures fell 0.09%, S&P 500 futures edged 0.06% lower and Nasdaq Futures lost 0.09%.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year.\nHowever, post-meeting comments from Powell hinted at two more rate hikes by the end of this year, while stating that rate cuts will not happen unless inflation is under control. That didn’t go down well with some business leaders.\n“The battle against inflation is being won. This is now the time for the Fed to stop – not pause – interest rate hikes,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\n“The time lag for monetary policies is notoriously long — it typically takes about 18 months to two years for the full effect of rate hikes to filter fully into the economy,” Green said, adding that excessive rate hikes could lead to a recession in the U.S.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 30.6% chance the Fed will leave rates as is at July’s meeting, while 69.4% says the Fed will raise interest rates by 25 basis points.\n(Updates with equities section)', 'Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K. Insights: Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved. Prices CoinDesk Market Index (CMI) 1,068 −37.0 ▼ 3.4% Bitcoin (BTC) $25,177 −792.9 ▼ 3.1% Ethereum (ETH) $1,654 −88.3 ▼ 5.1% S&P 500 4,372.59 +3.6 ▲ 0.1% Gold $1,953 +8.2 ▲ 0.4% Nikkei 225 33,502.42 +483.8 ▲ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,068 −37.0 ▼ 3.4% Bitcoin (BTC) $25,177 −792.9 ▼ 3.1% Ethereum (ETH) $1,654 −88.3 ▼ 5.1% S&P 500 4,372.59 +3.6 ▲ 0.1% Gold $1,953 +8.2 ▲ 0.4% Nikkei 225 33,502.42 +483.8 ▲ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Regains $25K After Dip Bitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the threshold. BTC was recently trading at about $25,171, off 3.1% over the past four hours, part of a wider crypto selloff. The largest cryptocurrency in market value had been traveling comfortably just below $26,000 for much of the past five days as markets awaited the latest interest rate decision by the U.S. central bank and continued to chew over last week\'s U.S. Securities and Exchange lawsuits against crypto exchanges Binance and Coinbase. The Federal Reserve elected to suspend rate hikes, but comments by bank Chair Jerome Powell following the announcement appeared to spook markets. Powell reiterated the Fed\'s commitment to sink annual inflation to a target 2.5%. It currently stands at 4%. But critics of bank policy say that the focus on prices risks sending the economy into a recession. Just as equity markets were closing a lackluster day, digital assets plunged. Ether, the second largest crypto by market cap, fell to $1,630 before regaining ground to hover near $1,654, off 5.1% from Tuesday, same time. Story continues Among other major cryptos, XRP retreated was recently down 6.4% to trade at just over 48 cents over the past 24 hours. It sank as low as 46 cents earlier in the day, its lowest level in June, according to CoinDesk Indices data. The CoinDesk Market Index , a measure of crypto markets performance, was recently down 3.8%. In an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that bitcoin\'s late plunge did not necessarily foreshadow a larger downturn. "We have to remember that the crypto market is a relatively small market, and a few hundred million dollars can move the market for a few percent," Lienkha wrote. "So let\'s see the following days if it is really a downward trend or just a single whale sell off." And in a follow-up comment to an earlier note to CoinDesk, Markus Levin, co-founder of blockchain geospatial network XYO Network, wrote that despite the Fed\'s hawkish, post-announcement comments, he believed that has "bottomed already for" its current "four-year cycle." "But nothing is certain in this market, especially when it comes to crypto," he added. For example, if we do enter recession territory, then we should be prepared for even more unpredictable movements with Bitcoin and other assets that are further along the risk curve.” Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +0.1% Computing Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −6.2% Currency Ethereum ETH −5.0% Smart Contract Platform Gala GALA −4.1% Entertainment Insights Large Bitcoin Holders Hold Their Ground Despite the recent regulatory turmoil hitting crypto markets, larger holders of bitcoin have not been reducing their bitcoin holdings. (Glassnode) Data from on-chain analytics firm Glassnode , shows that unique addresses holding between 100-1,000 BTC have increased their BTC holdings since the U.S. Securities and Exchange Commission\'s (SEC) announced lawsuits versus Binance and Coinbase. Addresses holding between 10 and 100 BTC performed similarly. The risk appetite was not as robust however for wallets holding more than 1,000 BTC. Addresses holding between 1,000 and 100,000 BTC stayed relatively flat, although a slight decline occurred with the segment of addresses holding between 1,000 and 10,000. The data coincides with funding rates that remain positive for BTC as well as a decrease in BTC on centralized exchanges. While not necessarily a bullish signal, the data implies that large bitcoin investors are content to sit on their positions at the moment. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. 9:30 a.m. HKT/SGT(1:30 UTC) Australia Unemployment Rate s.a. (May) 10:00 a.m. HKT/SGT(2:00 UTC) China Retail Sales (YoY/May) 8:15 p.m. HKT/SGT(12:15 UTC) European Central Bank Monetary Policy Decision Statement CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Traders Await Fed Decision; Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now Bitcoin traders were taking a defensive stance ahead of the Fed’s monetary policy meeting later today. Bitwise Asset Management Chief Investment Officer Matt Hougan joined "First Mover" to discuss. Separately, the federal judge overseeing the U.S. Securities and Exchange Commission (SEC)\'s case against Binance and Binance.US declined to order a temporary restraining order freezing the U.S. trading platform\'s assets. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De broke down the decision. Plus, Prometheum co-CEO and founder Aaron Kaplan joined the show after speaking on Capitol Hill Tuesday about crypto legislation. Headlines DeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet : EigenLayer\'s developers raised $64.5 million in a series of investment rounds. The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum : The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions. ‘Distributed Validator Technology’ Marks Last Key Milestone in Ethereum’s Current Era : The technology known as DVT involves splitting a validator\'s private key across several node operators. The goal is to increase the network\'s resilience – while also protect the individual validators – by reducing single points of failure. Bitcoin Supply on Exchanges Slides to Three-Year Low : Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks. Blockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders : AlchemyAI will launch as two new products – an in-app chatbot and a ChatGPT plugin – to help web3 developers access data faster and speed up product development.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K.\nInsights:Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved.\nCoinDesk Market Index (CMI)\n1,068\n−37.0▼3.4%\nBitcoin (BTC)\n$25,177\n−792.9▼3.1%\nEthereum (ETH)\n$1,654\n−88.3▼5.1%\nS&P 500\n4,372.59\n+3.6▲0.1%\nGold\n$1,953\n+8.2▲0.4%\nNikkei 225\n33,502.42\n+483.8▲1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,068", "\\u221237.0\\u25bc3.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,177", "\\u2212792.9\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,654", "\\u221288.3\\u25bc5.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,372.59", "+3.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,953", "+8.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,502.42", "+483.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains $25K After Dip\nBitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the threshold.\nBTC was recently trading at about $25,171, off 3.1% over the past four hours, part of a wider crypto selloff. The largest cryptocurrency in market value had been traveling comfortably just below $26,000 for much of the past five days as markets awaited the latest interest rate decision by the U.S. central bank and continued to chew over last week\'s U.S. Securities and Exchange lawsuits against crypto exchanges Binance and Coinbase.\nThe Federal Reserve elected to suspend rate hikes, but comments by bank Chair Jerome Powell following the announcement appeared to spook markets. Powell reiterated the Fed\'s commitment to sink annual inflation to a target 2.5%. It currently stands at 4%. But critics of bank policy say that the focus on prices risks sending the economy into a recession.\nJust as equity markets were closing a lackluster day, digital assets plunged. Ether, the second largest crypto by market cap, fell to $1,630 before regaining ground to hover near $1,654, off 5.1% from Tuesday, same time.\nAmong other major cryptos,XRP retreatedwas recently down 6.4% to trade at just over 48 cents over the past 24 hours. It sank as low as 46 cents earlier in the day, its lowest level in June, according toCoinDesk Indicesdata. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.8%.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that bitcoin\'s late plunge did not necessarily foreshadow a larger downturn. "We have to remember that the crypto market is a relatively small market, and a few hundred million dollars can move the market for a few percent," Lienkha wrote. "So let\'s see the following days if it is really a downward trend or just a single whale sell off."\nAnd in a follow-up comment to an earlier note to CoinDesk, Markus Levin, co-founder of blockchain geospatial network XYO Network, wrote that despite the Fed\'s hawkish, post-announcement comments, he believed that has "bottomed already for" its current "four-year cycle."\n"But nothing is certain in this market, especially when it comes to crypto," he added. For example, if we do enter recession territory, then we should be prepared for even more unpredictable movements with Bitcoin and other assets that are further along the risk curve.”\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.1%", "DACS Sector": "Computing"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nLarge Bitcoin Holders Hold Their Ground\nDespite the recent regulatory turmoil hitting crypto markets, larger holders of bitcoin have not been reducing their bitcoin holdings.\nData from on-chain analytics firmGlassnode, shows that unique addresses holding between 100-1,000 BTC have increased their BTC holdings since the U.S. Securities and Exchange Commission\'s (SEC) announced lawsuits versus Binance and Coinbase.\nAddresses holding between 10 and 100 BTC performed similarly. The risk appetite was not as robust however for wallets holding more than 1,000 BTC.\nAddresses holding between 1,000 and 100,000 BTC stayed relatively flat, although a slight decline occurred with the segment of addresses holding between 1,000 and 10,000.\nThe data coincides with funding rates that remain positive for BTC as well as a decrease in BTC on centralized exchanges. While not necessarily a bullish signal, the data implies that large bitcoin investors are content to sit on their positions at the moment.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (May)\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/May)\n8:15 p.m. HKT/SGT(12:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Traders Await Fed Decision; Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now\nBitcoin traders were taking a defensive stance ahead of the Fed’s monetary policy meeting later today. Bitwise Asset Management Chief Investment Officer Matt Hougan joined "First Mover" to discuss. Separately, the federal judge overseeing the U.S. Securities and Exchange Commission (SEC)\'s case against Binance andBinance.USdeclined to order a temporary restraining order freezing the U.S. trading platform\'s assets. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De broke down the decision. Plus, Prometheum co-CEO and founder Aaron Kaplan joined the show after speaking on Capitol Hill Tuesday about crypto legislation.\nDeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet:EigenLayer\'s developers raised $64.5 million in a series of investment rounds.\nThe Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum:The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions.\n‘Distributed Validator Technology’ Marks Last Key Milestone in Ethereum’s Current Era:The technology known as DVT involves splitting a validator\'s private key across several node operators. The goal is to increase the network\'s resilience – while also protect the individual validators – by reducing single points of failure.\nBitcoin Supply on Exchanges Slides to Three-Year Low:Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.\nBlockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders:AlchemyAI will launch as two new products – an in-app chatbot and a ChatGPT plugin – to help web3 developers access data faster and speed up product development.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K.\nInsights:Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved.\nCoinDesk Market Index (CMI)\n1,068\n−37.0▼3.4%\nBitcoin (BTC)\n$25,177\n−792.9▼3.1%\nEthereum (ETH)\n$1,654\n−88.3▼5.1%\nS&P 500\n4,372.59\n+3.6▲0.1%\nGold\n$1,953\n+8.2▲0.4%\nNikkei 225\n33,502.42\n+483.8▲1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,068", "\\u221237.0\\u25bc3.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,177", "\\u2212792.9\\u25bc3.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,654", "\\u221288.3\\u25bc5.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,372.59", "+3.6\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,953", "+8.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,502.42", "+483.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Regains $25K After Dip\nBitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the threshold.\nBTC was recently trading at about $25,171, off 3.1% over the past four hours, part of a wider crypto selloff. The largest cryptocurrency in market value had been traveling comfortably just below $26,000 for much of the past five days as markets awaited the latest interest rate decision by the U.S. central bank and continued to chew over last week\'s U.S. Securities and Exchange lawsuits against crypto exchanges Binance and Coinbase.\nThe Federal Reserve elected to suspend rate hikes, but comments by bank Chair Jerome Powell following the announcement appeared to spook markets. Powell reiterated the Fed\'s commitment to sink annual inflation to a target 2.5%. It currently stands at 4%. But critics of bank policy say that the focus on prices risks sending the economy into a recession.\nJust as equity markets were closing a lackluster day, digital assets plunged. Ether, the second largest crypto by market cap, fell to $1,630 before regaining ground to hover near $1,654, off 5.1% from Tuesday, same time.\nAmong other major cryptos,XRP retreatedwas recently down 6.4% to trade at just over 48 cents over the past 24 hours. It sank as low as 46 cents earlier in the day, its lowest level in June, according toCoinDesk Indicesdata. TheCoinDesk Market Index, a measure of crypto markets performance, was recently down 3.8%.\nIn an email to CoinDesk, Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote that bitcoin\'s late plunge did not necessarily foreshadow a larger downturn. "We have to remember that the crypto market is a relatively small market, and a few hundred million dollars can move the market for a few percent," Lienkha wrote. "So let\'s see the following days if it is really a downward trend or just a single whale sell off."\nAnd in a follow-up comment to an earlier note to CoinDesk, Markus Levin, co-founder of blockchain geospatial network XYO Network, wrote that despite the Fed\'s hawkish, post-announcement comments, he believed that has "bottomed already for" its current "four-year cycle."\n"But nothing is certain in this market, especially when it comes to crypto," he added. For example, if we do enter recession territory, then we should be prepared for even more unpredictable movements with Bitcoin and other assets that are further along the risk curve.”\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.1%", "DACS Sector": "Computing"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.2%", "DACS Sector": "Currency"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nLarge Bitcoin Holders Hold Their Ground\nDespite the recent regulatory turmoil hitting crypto markets, larger holders of bitcoin have not been reducing their bitcoin holdings.\nData from on-chain analytics firmGlassnode, shows that unique addresses holding between 100-1,000 BTC have increased their BTC holdings since the U.S. Securities and Exchange Commission\'s (SEC) announced lawsuits versus Binance and Coinbase.\nAddresses holding between 10 and 100 BTC performed similarly. The risk appetite was not as robust however for wallets holding more than 1,000 BTC.\nAddresses holding between 1,000 and 100,000 BTC stayed relatively flat, although a slight decline occurred with the segment of addresses holding between 1,000 and 10,000.\nThe data coincides with funding rates that remain positive for BTC as well as a decrease in BTC on centralized exchanges. While not necessarily a bullish signal, the data implies that large bitcoin investors are content to sit on their positions at the moment.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (May)\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/May)\n8:15 p.m. HKT/SGT(12:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Traders Await Fed Decision; Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now\nBitcoin traders were taking a defensive stance ahead of the Fed’s monetary policy meeting later today. Bitwise Asset Management Chief Investment Officer Matt Hougan joined "First Mover" to discuss. Separately, the federal judge overseeing the U.S. Securities and Exchange Commission (SEC)\'s case against Binance andBinance.USdeclined to order a temporary restraining order freezing the U.S. trading platform\'s assets. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De broke down the decision. Plus, Prometheum co-CEO and founder Aaron Kaplan joined the show after speaking on Capitol Hill Tuesday about crypto legislation.\nDeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet:EigenLayer\'s developers raised $64.5 million in a series of investment rounds.\nThe Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum:The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions.\n‘Distributed Validator Technology’ Marks Last Key Milestone in Ethereum’s Current Era:The technology known as DVT involves splitting a validator\'s private key across several node operators. The goal is to increase the network\'s resilience – while also protect the individual validators – by reducing single points of failure.\nBitcoin Supply on Exchanges Slides to Three-Year Low:Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.\nBlockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders:AlchemyAI will launch as two new products – an in-app chatbot and a ChatGPT plugin – to help web3 developers access data faster and speed up product development.', 'Apple has rejected the latest version of Zeus, a non-custodial Lightning-enabledBitcoinwallet, citing the transmission of virtual currency without the necessary licenses and permissions as the primary reason for rejection. This decision comes just a day afterApple\'s dispute with Damus, a decentralized social media platform that operates on the Nostr protocol. Damus\'s "zap" feature, which allows users to send small amounts of Bitcoin over the Lightning Network to content creators as a token of appreciation, was the cause of Apple\'s concern. Apple has now turned its attention to Zeus, demanding proof of the required licenses and permissions for the app to facilitate virtual currency transmission or face rejection from the App Store.\nZeus, which does not take custody of funds or private keys, is believed to be in violation of Apple\'s guidelines that require apps to provide proof of appropriate licenses for cryptocurrency transmission. However, legal experts argue that non-custodial wallets like Zeus should not be classified as money transmitters, a designation typically reserved for custodial wallets. Some hope for a compromise, as other non-custodial wallets currently exist in the App Store. The prior version of Zeus remains available, and it is unclear what changes were made to the new version.', 'Apple has rejected the latest version of Zeus, a non-custodial Lightning-enabledBitcoinwallet, citing the transmission of virtual currency without the necessary licenses and permissions as the primary reason for rejection. This decision comes just a day afterApple\'s dispute with Damus, a decentralized social media platform that operates on the Nostr protocol. Damus\'s "zap" feature, which allows users to send small amounts of Bitcoin over the Lightning Network to content creators as a token of appreciation, was the cause of Apple\'s concern. Apple has now turned its attention to Zeus, demanding proof of the required licenses and permissions for the app to facilitate virtual currency transmission or face rejection from the App Store.\nZeus, which does not take custody of funds or private keys, is believed to be in violation of Apple\'s guidelines that require apps to provide proof of appropriate licenses for cryptocurrency transmission. However, legal experts argue that non-custodial wallets like Zeus should not be classified as money transmitters, a designation typically reserved for custodial wallets. Some hope for a compromise, as other non-custodial wallets currently exist in the App Store. The prior version of Zeus remains available, and it is unclear what changes were made to the new version.', 'Apple Rejects Another Bitcoin App Zeus, Which Does not Take Custody of Funds or Private Keys, is Believed to Be in Violation of Apple\'s Guidelines Apple has rejected the latest version of Zeus, a non-custodial Lightning-enabled Bitcoin wallet, citing the transmission of virtual currency without the necessary licenses and permissions as the primary reason for rejection. This decision comes just a day after Apple\'s dispute with Damus , a decentralized social media platform that operates on the Nostr protocol. Damus\'s "zap" feature, which allows users to send small amounts of Bitcoin over the Lightning Network to content creators as a token of appreciation, was the cause of Apple\'s concern. Apple has now turned its attention to Zeus, demanding proof of the required licenses and permissions for the app to facilitate virtual currency transmission or face rejection from the App Store. Zeus, which does not take custody of funds or private keys, is believed to be in violation of Apple\'s guidelines that require apps to provide proof of appropriate licenses for cryptocurrency transmission. However, legal experts argue that non-custodial wallets like Zeus should not be classified as money transmitters, a designation typically reserved for custodial wallets. Some hope for a compromise, as other non-custodial wallets currently exist in the App Store. The prior version of Zeus remains available, and it is unclear what changes were made to the new version.', "Bitcoin development nonprofit, Brink, has received a significant financial pledge of $5 million from Jack Dorsey's #startsmall organization. This commitment of $1 million per year over the next five years will provide a strong foundation for Brink's mission of supporting Bitcoin developers and ensuring the long-term sustainability of the Bitcoin core codebase. Brink offers fellowship, grants, and mentorship programs to foster open-source development for Bitcoin and related technologies, aiming to strengthen the Bitcoin network and developer ecosystem. The support from #startsmall will enable Brink to attract more talent, expand educational initiatives, and provide ongoing assistance to Bitcoin developers in their crucial work.\nThe pledge from #startsmall not only emphasizes the growing significance of Bitcoin and its underlying technology but also showcases the commitment of #startsmall to open-source initiatives. This substantial funding injection will empower Brink to create a sustainable environment for Bitcoin development, furthering their efforts to advance the Bitcoin ecosystem and decentralized systems.", "Bitcoin development nonprofit, Brink, has received a significant financial pledge of $5 million from Jack Dorsey's #startsmall organization. This commitment of $1 million per year over the next five years will provide a strong foundation for Brink's mission of supporting Bitcoin developers and ensuring the long-term sustainability of the Bitcoin core codebase. Brink offers fellowship, grants, and mentorship programs to foster open-source development for Bitcoin and related technologies, aiming to strengthen the Bitcoin network and developer ecosystem. The support from #startsmall will enable Brink to attract more talent, expand educational initiatives, and provide ongoing assistance to Bitcoin developers in their crucial work.\nThe pledge from #startsmall not only emphasizes the growing significance of Bitcoin and its underlying technology but also showcases the commitment of #startsmall to open-source initiatives. This substantial funding injection will empower Brink to create a sustainable environment for Bitcoin development, furthering their efforts to advance the Bitcoin ecosystem and decentralized systems.", "Former Twitter CEO Jack Dorsey Donates $5 Million to Bitcoin Non-Profit The Support from #startsmall Will Enable Brink to Attract More Talent Bitcoin development nonprofit, Brink, has received a significant financial pledge of $5 million from Jack Dorsey's #startsmall organization. This commitment of $1 million per year over the next five years will provide a strong foundation for Brink's mission of supporting Bitcoin developers and ensuring the long-term sustainability of the Bitcoin core codebase. Brink offers fellowship, grants, and mentorship programs to foster open-source development for Bitcoin and related technologies, aiming to strengthen the Bitcoin network and developer ecosystem. The support from #startsmall will enable Brink to attract more talent, expand educational initiatives, and provide ongoing assistance to Bitcoin developers in their crucial work. The pledge from #startsmall not only emphasizes the growing significance of Bitcoin and its underlying technology but also showcases the commitment of #startsmall to open-source initiatives. This substantial funding injection will empower Brink to create a sustainable environment for Bitcoin development, furthering their efforts to advance the Bitcoin ecosystem and decentralized systems.", "Miami Mayor Francis Suarez, known for his embrace of Bitcoin and efforts to position Miami as a crypto-friendly city, has entered the race for the Republican nomination for President. Suarez, who has been accepting his salary in Bitcoin, submitted the necessary paperwork to the Federal Election Commission to officially launch his campaign. Despite facing tough competition from prominent candidates such as former President Donald Trump and Florida Governor Ron DeSantis, Suarez hopes to leverage his experience in leading Miami during the pandemic-induced tech worker exodus from Silicon Valley and New York, which resulted in several crypto firms relocating to the city.\nSuarez has been a vocal advocate for Bitcoin, emphasizing its potential to democratize wealth in America. He has explored the acceptance of taxes and payment of municipal employees in Bitcoin and even introducedMiamiCoin, a cryptocurrency built on the Bitcoin adjacent blockchain called Stacks. However, MIA faced significant challenges, losing around 95% of its value from its all-time high. Despite this setback, Suarez remains a steadfast supporter of cryptocurrencies and believes in the underlying technology, stating that the price fluctuations do not alter his perspective.\nAs the race for the 2024 Presidential election unfolds, Suarez's entry adds another dimension to the Republican field, highlighting the growing influence of cryptocurrencies and blockchain technology in the political landscape.", "Miami Mayor Francis Suarez, known for his embrace of Bitcoin and efforts to position Miami as a crypto-friendly city, has entered the race for the Republican nomination for President. Suarez, who has been accepting his salary in Bitcoin, submitted the necessary paperwork to the Federal Election Commission to officially launch his campaign. Despite facing tough competition from prominent candidates such as former President Donald Trump and Florida Governor Ron DeSantis, Suarez hopes to leverage his experience in leading Miami during the pandemic-induced tech worker exodus from Silicon Valley and New York, which resulted in several crypto firms relocating to the city.\nSuarez has been a vocal advocate for Bitcoin, emphasizing its potential to democratize wealth in America. He has explored the acceptance of taxes and payment of municipal employees Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $486,403,779,400 - Hash Rate: 385148460.1631553 - Transaction Count: 423069.0 - Unique Addresses: 689182.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Tether – the issuer of stablecoinUSDT– has invested in an energy production and sustainable bitcoin (BTC) mining facility in Uruguay, the company announced Tuesdayin a press release. The firm is collaborating with a “local licensed company” and is actively recruiting, according to the release, which did not disclose amounts of the investment or the partner firm. Tether expects that the mining facility will start operating by mid-Q3 this year, a company spokesperson told CoinDesk. The news comes afterTether laid out plansearlier this month to allocate a part of its profits to bitcoin investments, including regular purchases of BTC and funding infrastructure. Alongside that announcement, the company revealed its first bitcoin purchases, saying it held about $1.5 billion of the crypto as of the end of March. “By harnessing the power of Bitcoin and Uruguay's renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining," Paolo Ardoino, Tether’s chief technology officer, said in the press release. South America has seenincreasing attention from overseas crypto investors, specifically bitcoin mining, thanks to a drying up of opportunities in North America. Uruguay's neighborParaguayhas experienced an influx of miners looking to tap into its unused hydropower, though this has caused a stir in that country's political and energy systems. Tether’sUSDTis the largest stablecoin on the market with an $83 billion capitalization. The token is mostly backed with assets like U.S. government-issued debt, but also gold and a stash of secured loans to undisclosed parties. Rising yields over the past year-plus have proven to be a boon for the company, contributing to its $1.5 billion innet profitsfor the first quarter of 2023. UPDATE (May 30, 15:55):Adds expected date to start operation from Tether spokesperson. UPDATE (May 30, 13:55):Adds context about South America.... - Reddit Posts (Sample): [['u/LordBobTheWhale', 'Genuinely curious: why did the US rate pause affect Bitcoin price today?', 104, '2023-06-15 00:09', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/', "It seems pretty clear to me that the US Fed's decision to pause rate hikes had an immediate impact on the price of BTC. Why is that? I'm not concerned about short term price of BTC or sustainability of USD and whatnot, but rather I'm curious about the economic principles at play in general. Looking to learn something here vs be shilled to please. Thanks!", 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/', '149kq2p', [['u/castorfromtheva', 12, '2023-06-15 00:15', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5oewm/', 'Buy the rumor, sell the news.', '149kq2p'], ['u/malceum', 14, '2023-06-15 00:30', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5qcbz/', 'The Fed isn\'t pausing, since it announced more hikes are likely. It would have been better if the Fed hiked now and said this is likely the end.\n\nInstitutions that control asset prices already know what the Fed is going to do. Asset price movements based on "news" -- which is news to you, not them -- are designed to suck your money away. Try not to get too worried about short term fluctuations, especially ones that are supposedly related to "news."', '149kq2p'], ['u/PocketMoneey', 18, '2023-06-15 00:50', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5sstp/', 'The Fed will probably raise the interest rates another two times. Therefore it is less attractive for investors to hold bitcoin if they can instead earn interest of around 6 percent on bonds.', '149kq2p'], ['u/drunk_in_denver', 13, '2023-06-15 00:51', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5sz8m/', 'I don\'t think the Fed news had anything to do with it. The "literal" timing is off. Usually the move is instant with the news. There was quite a delay here. Word on the street it was probably market manipulation from a big player like Binance.', '149kq2p'], ['u/DatTacocatdoe', 107, '2023-06-15 00:53', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5t898/', 'Stronger dollar is bad for btc but don’t worry long term they can’t resist the urge to turn the faucet back on full blast eventually.', '149kq2p'], ['u/Nubraskan', 32, '2023-06-15 00:58', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5tqci/', "Zoom out. Today's price movement is small in bitcoins typical volatility. It's not big enough to care about.", '149kq2p'], ['u/debtfreegoal', 29, '2023-06-15 01:12', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5vkur/', 'The idea of “two more rate hikes” was floated, imo, to keep the markets from running away when today’s “pause” was officially announced. One more rate hike todays pause was priced in already. So when the mention of a second hike was dropped, markets dropped. \n\nChairman is playing some 4D chess with the markets today. And the markets bit. Let it run a news cycle or two and then things will get back on track.', '149kq2p'], ['u/LordBobTheWhale', 16, '2023-06-15 01:36', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5yg2e/', "Yeah I'm not worried. So this fed action today is considered 'strong' dollar action by traditional economics?", '149kq2p'], ['u/LordBobTheWhale', 16, '2023-06-15 01:37', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5ym6p/', 'Sounds like just kicking the can of collapse further down the road to me.', '149kq2p'], ['u/DatTacocatdoe', 14, '2023-06-15 01:41', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo5z1cy/', 'More expensive debt makes cash money more valuable. Also a higher return on bonds which is a safe investment. I don’t know anything I’m all in on btc and have a good but not great price point.', '149kq2p'], ['u/debtfreegoal', 15, '2023-06-15 01:51', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo60bk6/', 'That’s the only play here. Hold onto power as long as your can. Maybe the bomb will go off on someone else’s watch.', '149kq2p'], ['u/SuperSaiyanGME', 17, '2023-06-15 01:56', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo60u0u/', 'It was more about the Statement of Economic Projections pricing in a higher terminal rate than what markets had anticipated. I didn’t get the exact figure, but I think it’s gonna be 5.75-6.0% which is higher than the widely expected 5.25-5.50%. While new dollars won’t be created through the banking system, existing dollars will go to treasury, who will create more money through high interest. But nowhere near the amount that 3.4% mortgages for 2 years created in tandem.', '149kq2p'], ['u/LordBobTheWhale', 11, '2023-06-15 02:38', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo65qsw/', 'Yeah I locked in a 3.5% refinance 2 years ago this month actually. Super interesting how that affects so much.', '149kq2p'], ['u/TheWreckaj', 10, '2023-06-15 06:17', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo6tpy4/', 'Got mine at 2.125% a year before that. They’re paying me to borrow their money.', '149kq2p'], ['u/Ritayan', 11, '2023-06-15 07:10', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo6ygv5/', 'They announced 2 more rate hikes later this year. That had an impact. Plus it kinda became clear that either something big has to break or rate cuts will come late. Most probably markets are reacting to this.', '149kq2p'], ['u/AFaded', 12, '2023-06-15 07:58', 'https://www.reddit.com/r/Bitcoin/comments/149kq2p/genuinely_curious_why_did_the_us_rate_pause/jo72b6k/', "This is fucking bullshit. If it was a weaker dollar, bitcoin would still go down because of reasons.\n\nEvery new horror in the news is negatively affecting btc. It's just a never ending onslaught of bullshit news.", '149kq2p']]], ['u/nickolsdrew', 'What’s with the consistent downward pressure on Block (SQ)?', 34, '2023-06-15 01:36', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/', 'Is it the Hindenburg hit piece ? \n\nAre they over leveraged in Bitcoin ? \n\nDebt ? \n\nThey have a hefty operating cost keeping them from near term profitability yes, but they print Billions and have an established brand, a variety of revenue streams, and beat earnings projections regularly . That’s more than you can say about many of the unprofitable tech that’s up over 100% ytd lol \n\n 58-$65 throughout the recovery….lagging every else in my portfolio, for the last year really . \n\nWhat gives ?', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/', '149mqio', [['u/nakfoor', 24, '2023-06-15 02:51', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo67986/', "The memory of SQ burns me. Somehow I didn't see its COVID surge in my account because I would have sold it. Then it collapsed and I took a meager 15% gain.", '149mqio'], ['u/Certain-Resident450', 11, '2023-06-15 03:11', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo69lhf/', "Does it have any moat? Isn't it easily replaceable by Apple's Tap to Pay?", '149mqio'], ['u/Reeeeeekola', 35, '2023-06-15 03:32', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6c0be/', 'Block is the worst parts of PayPal, Coinbase and a regional bank. Why should it be up?', '149mqio'], ['u/im_not', 54, '2023-06-15 04:48', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6ko78/', 'Toast is dominating the restaurant space, legacy POS hardware/software has caught up to square’s elegant simplicity, the purchase of Afterpay was insanely expensive and hasn’t proven out, BNPL itself is looking more and more like a fad, Dorsey is an uninspiring absentee CEO preoccupied with his web5 garbage, tidal is never going to gain wide consumer adoption and was bought so Dorsey could cozy up to jay z and jay z doesn’t give a shit about him.', '149mqio'], ['u/RigusOctavian', 15, '2023-06-15 05:06', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6moz9/', 'Near term profitability problem for a company printing “Billions” is probably a good start.\n\nThe VC faucet dried up. Excessive burn rates will do what they do best, burn out. If your model isn’t making you money, and you aren’t eating your competition, you are waiting to be bought.', '149mqio'], ['u/thenoodleincident18', 32, '2023-06-15 05:17', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6nv5o/', 'I have to say the Tidal purchase was when I got out. Still not clear to me how that made any sense.', '149mqio'], ['u/SharpShooter2-8', 22, '2023-06-15 05:20', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6o4po/', 'Can’t go broke making money.', '149mqio'], ['u/Background_Drama6126', 10, '2023-06-15 06:58', 'https://www.reddit.com/r/investing/comments/149mqio/whats_with_the_consistent_downward_pressure_on/jo6xgvz/', 'Why is a report showing what appears to be true considered a "hit piece"? 🤔🤔🤔🤔', '149mqio']]], ['u/-Squidster-', 'So, who is Cardsmiths and the Artists behind Currency?', 31, '2023-06-15 02:45', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/', 'Seeing how we are all buying and enjoying this amazing Series, I figured it be good to have a little insight into the company/artists creating these masterpieces. After all, most of us come from the background of being over at r/Superstonk, so we\'re kind of know for digging around a little (puts on tin foil hat).\n\nCompany Name: CARDSMITHS, LLC\n\n* LLC Filing Date: \tJune 24, 2022\n* Company Age: \t1 Year\n\n"Parent company" - Toynk Toys, L.L.C. \n\n* Business Started: 9/13/2001\n* Years in Business: 21\n* 205 Burnet Dr Gilberts, IL, 60136-9604 United States\n\nPartnerships: Cardsmiths partners with Coinbase Commerce to offer a wide range of crypto payment options. Customers can make purchases using Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), Bitcoin Cash (BCH), DAI, or USD Coin (USDC). \n\nAlso partners with companies for licensing series such as CAPCOM, MGM, Bob Ross Inc, etc.\n\n* Current Series: Currency, Street Fighter, Bob Ross. \n* Coming Soon(s): Killer Klowns from Outer Space, The Golden Girls, Double Dragon.\n* Rumored Future Series: Cuphead, Bloodsport and more. \n\nInterview with Cardsmiths Co-Founder Jeff Betau & Co-founder/CEO of Toynk, Steve Loney\n\n[https://youtu.be/3kM93viroTQ?t=1245](https://youtu.be/3kM93viroTQ?t=1245)\n\nJeff appears to have been in the business of collectibles for awhile beyond Toynk/Cardsmiths, here’s an interview of him going over Star Wars helmets with eFX Collectibles.\n\n[https://www.youtube.com/watch?v=maRJFMz9peY](https://www.youtube.com/watch?v=maRJFMz9peY)\n\n\n\nThe Artist - Card #\'s\n\n* [Alanside](https://www.instagram.com/alan.side/?hl=en) \\- 7, 41\n* [Anarchyonthe](https://www.instagram.com/anarchyonthe/?hl=en) \\-12, 32, 44\n* Anne Nicieza -24, 25\n* [Arthur Suydam](https://www.instagram.com/arthurthezombieking/?hl=en) \\- 13, 22, 47\n* [Ariel Olivetti](https://www.instagram.com/arielolivetti/?hl=en) \\- 57\n* [Arturs Zaharcuks](https://www.artstation.com/arthurzaharchuk) \\- 45\n* [Joe Simko](https://www.instagram.com/joesimko_nyc/) \\- 18, 28, 28A, 46, 59, MR3\n* [Jon Mctavish](https://www.instagram.com/jonmctavish_art/?hl=en) \\- 6, 16, 34, MR5, MR8\n* [Karl Jones](https://www.beckett.com/search/?player=667199&result_type=59\|67) \\- 3, 40\n* Konstantin - 8, 29, 33\n* [Mariano Nicieza](https://www.instagram.com/marianonicieza/tagged/) \\- 58\n* [Matt](https://www.linkedin.com/in/matt-paganelis-8aab046/) [Paganelis](https://www.instagram.com/17pegs/) \\- 1, 1A, 10, 53, MR2, MR6, MR6A, MR7, MR7A\n* [Matthew Zucker](https://MazAdamsArt.DeviantArt.com) \\- 42, 43\n* [Michael Golden](https://www.instagram.com/explore/tags/michaelgolden/?hl=en) \\- 17, 38, 50, 56\n* [Mike Dicarlo](https://www.instagram.com/m_r_dicarlo/) \\- 55\n* Nestor Pagan - 2\n* [Oscar Jesus](https://www.artstation.com/oscarjesushdz) \\- 4, 20, 27, 30, MR1\n* [Rachid Lotf](https://www.instagram.com/rachidlotf/?hl=en) \\- 9, 19, MR4, MR4A\n* [Rafael Monteiro Bicalho](https://www.artstation.com/rafael_bicalho) \\- 36, 48, 54, 60\n* [Rich Molinelli](https://www.instagram.com/richmolinelli/?hl=en) \\- 23, 31\n* [Sarah Fletcher](https://www.instagram.com/gr0vey.art/?hl=en) \\- 11, 21, 52\n* [Thomas Zahler](https://www.instagram.com/thomzahler/?hl=en) \\- 14, 26, 35, 37, 39, 49, 51\n* [Tim Levandoski](https://www.beckett.com/player/tim-levandoski-630857) \\- 15\n* [Tom Badley](https://tombadley.net/) \\- Nikola & Shiba CFs\n* [Vibhas Virwani](https://www.instagram.com/vibhasvirwani/?hl=en) \\- 5\n\nPlease if I\'ve missed anything, such as correct/better links for each artist, please leave them below. If you poke around some, you\'ll notice some of them have 3D art for the cards they made, such as [Artus Zaharcuks\' Artstation page, where you can see the 3D Bitcoin bull he made.](https://www.artstation.com/arthurzaharchuk)\n\nOnce this info/list is more complete, we\'ll make an official "Artist links" section in the subreddit\'s Menu.\n\nCardsmiths mentions NFTs multiple times on their site, will this be something we see in future series? What of the lost MR HFs & forgotten 53A from Series 1? WILL THEY RETURN?! We\'ll find out!', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/', '149o74m', [['u/WreckYoCrew', 13, '2023-06-15 03:42', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/jo6d8e6/', 'Love and appreciate how you and a couple others are really taking the lead and "legitimizing" the sub. First with the trades/reputation thing and with content like this.\n\nAlso taking the time to comment on so many people\'s post. Much respect ✊️', '149o74m'], ['u/-Squidster-', 10, '2023-06-15 03:58', 'https://www.reddit.com/r/Currencytradingcards/comments/149o74m/so_who_is_cardsmiths_and_the_artists_behind/jo6f1mc/', 'Thank you, I do enjoy learning more about these series and figured it’s worth sharing so others can learn as well! \n\nI’ve been meaning to do links for the artist for awhile but it’s hard finding all of them on social media. One thing I’ve noticed about some of the more popular sketch/comic artist, they don’t make it easy to locate them 😂', '149o74m']]], ['u/OpportunityItchy3283', 'LSE vs NUS for law', 80, '2023-06-15 03:32', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/', 'hi guys! i have been trying to make a decision between studying at LSE vs NUS law for ages, and I just haven\'t been able to put my foot down and side with one. I was hoping for some opinion on this! Some pros and cons I\'ve thought about for reference: \n\nLSE: \n\n* Pro- Better international prestige. Better access to international firms & their SG branches (in NUS, only the top of the cohort gets this). \n* Pro- Might be easier to get good SG internships due to different term periods from NUS/SMU. \n* Pro- Might be easier to get access to a top UK/US master\'s degree (unsure about how true this is) \n* Pro- Y1 is not graded. This gives me time to get used to the law curriculum and pull the GPA up. \n* Pro- An insane period of growth, bc I would need to adult and get used to a new environment. \n* Pro- There is more diversity and individuality in thought. \n* Con- I dislike London. Not a fan of the country\'s culture nor environment. \n* Con- Excessive costs\n* Con- Profs go on strikes -- results in parts of the syllabus being cut out \n\nNUS: \n\n* Pro- Very well regarded in Singapore - which is where I want to work at eventually \n* Pro- Close-knit community; the small size of BTC is something I appreciate. \n* Pro- Close to family! Family is really important to me, and I don\'t love the idea of being away from home so much. \n* Pro- So much cheaper. More value for money because there\'s more contact time while the quality of teaching is good\n* Con- More stressful. Bell-curve system (LSE doesn\'t have one), which creates a dog-eat-dog competition; Y1 and Y2 (acclimatising years) are the most important to getting an internship. \n* Con- Dislike that NUS still has a cookie cutter "ideal student". I\'m worried that they train their students to think the exact same way. \n\nIf you took the time to read this, thank you so much!', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/', '149p6t7', [['u/kabaddie', 33, '2023-06-15 04:03', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6fllv/', 'Tbh LSE as long as u can afford it. NUS is a v reputable uni but no where near LSE.', '149p6t7'], ['u/IvanThePohBear', 16, '2023-06-15 04:17', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6h85g/', 'LSE will open more doors', '149p6t7'], ['u/marilianne', 56, '2023-06-15 05:13', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6ndxc/', 'if you don’t like london, what makes you think you’ll enjoy your 3 years at lse? furthermore lse and other london universities are city campuses, ie. the school buildings are scattered all around the city instead of being in one location like Cambridge for example. \n\nI think if you value your university experience a lot, NUS is a decent option since you mentioned you would rather be close to family + close knit community. However if international prestige and more doors being open is what you’re after, LSE is the better option.', '149p6t7'], ['u/Copious_coffee67', 32, '2023-06-15 06:16', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6tn1n/', 'NUS for you cos you don’t like London and want to practice in SG. Just do an exchange year', '149p6t7'], ['u/ppboy11', 26, '2023-06-15 06:31', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo6v19n/', 'LSE > NUS for any other course (e.g economics) but it’s a bit different for law in the sense that there’s not much diff between the two if you’re intending to come back and practice in SG.\n\nIt’s not true that only the top NUS law kids get into the international firms and their SG branches. Many NUS/SMU law grads get training contracts there and get retained as associates.\n\nOverall I would personally go for LSE because:\n1. Easier to graduate with a first (no bellcurve grading)\n2. 3-year LLB means you can spend less time studying (although you still need to do Part A & Part B of the bar so the whole journey is still 4 years, compared to NUS law kids who skip Part A)\n3. LSE Law opens up doors for you to apply for a training contract in London firms and get qualified there (if you want to work there)\n\nIf I had to argue for NUS I would say:\n1. There’s virtually no diff btw UK LLB grad and SG LLB grad if you come back to SG. You can be an Oxford/Cambridge/LSE law kid and find that you’ll come back to work in a law firm alongside other NUS/SMU law kids. There’s no diff in starting pay or progression.\n2. NUS Law is undoubtedly cheaper\n\nAs a bonus you get to enjoy the NUS Law bellcurve and highly competitive environment in honour of the Singaporean education system. Profs don’t give out A grades readily and are happy to give B grades.\n\nIt’s so bad that NUS Law is the only faculty that operates on a different grading classification (top 10% will get FCH, which includes those whose GPA falls below 4.50/5.00—a strict benchmark used by FASS/FoS/FoE/SoC)', '149p6t7'], ['u/Alden_', 11, '2023-06-15 08:42', 'https://www.reddit.com/r/SGExams/comments/149p6t7/lse_vs_nus_for_law/jo75ljg/', 'I had this exact issue pre-Y1. In my opinion, if you truly do not want to aim for the Magic Circle and White Shoe firms, then NUS is the obvious choice. If the dream is to work in those coveted offshore firms, consider this: While it is true that after a few years of PQE, anyone halfway decent in the big 4 with a 2nd upper NUS degree can lateral into an offshore outfit, the question is if you really want to burn a good chunk of your late 20s in the big 4 where you risk burnout, when you could have better odds hitting the ground running in an offshore firm out of graduation with a FCH LSE degree.\n\nOn thinking the exact way in NUS... You\'ll be surprised. Sometimes innovative thinking is required to make the leap from an A (4.5) to an A+ (5.0). When there is a bell curve, only the absolute perfectionists (your so called "cookie cutters") or the innovators shine.\n\nThe key problem with this choice in retrospect is that it requires you to make an assessment of your academic abilities before you even start school. If you are confident you can net the Dean\'s List under NUS, why bother with overpriced LSE? If you are a straight A student who has never seen a B before and are prepared to forsake most of your social life, I would more confident in recommending NUS (although pre-U performance doesn\'t always map). If not, throw money at the problem and go to LSE.\n\nAlso if you\'re a girl, statistically, LSE might be much better with its one year buffer which might be worth the price and location premium you pay. See: [https://papers.ssrn.com/sol3/papers.cfm?abstract\\_id=4227446](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227446). ("Despite controlling for a wide range of covariates such as standardized entry scores, income proxies, and a large array of fixed effects, \\[NUS Law\\] female students systemically underperform their male counterparts across numerous metrics of law school performance." and this is even though the "data shows that female students actually have higher admission scores relative to their male counterparts.")', '149p6t7']]], ['u/blekautaw', 'Is the US crypto scene going to be BTC-focused?', 95, '2023-06-15 04:20', 'https://www.reddit.com/r/defi/comments/149q61r/is_the_us_crypto_scene_going_to_be_btcfocused/', "There’s been a lot of talk about how regulation is pushing for a BTC-centered market, which someone I think said will bring BTC’s price up to $250K (don't remember the guy's name). But I think that’s a very narrow-minded way of viewing the situation. Crypto as a whole is developing all over the world, as the main markets seem to be Southeast Asia, South Korea, the middle east, and Africa. These places are embracing not only BTC, but altcoins and are developing their own crypto infrastructure. Considering these factors, do you think the market will be focused exclusively on BTC or do you think this will only be a thing in the US? Also can't crypto users circumvent these bans anyway with vpns and relatives abroad?", 'https://www.reddit.com/r/defi/comments/149q61r/is_the_us_crypto_scene_going_to_be_btcfocused/', '149q61r', [['u/ThiseeBockessiq', 25, '2023-06-15 11:03', 'https://www.reddit.com/r/defi/comments/149q61r/is_the_us_crypto_scene_going_to_be_btcfocused/jo7f2gs/', "First of all, BTC will always be special because it's THE OG crypto, but let’s not forget that it doesn’t have much utility outside of transfers and recording transactions on the blockchain and some people rely on some protocols for certain utility. So if you're using a decentralized protocol (like Matrix or Qаmon), you'll have to pay for the service with their own token, not BTC. And as for your list of countries developing crypto, you’re absolutely correct. One of the teams that is pushing for crypto there is Brоxus which has been heavily involved in South Korea and Abu Dhabi (they work on the UAE’s own regulated blockchain too). If the US goes through with their tough regulation, they'll just force users to find other ways to access the tech.", '149q61r']]], ['u/Stratton-Strategy', 'BEST Bitcoin ONLY Wallet', 20, '2023-06-15 04:25', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/', 'I want to know what is the best Bitcoin (Btc) ONLY wallet. \nHere’s a couple that I know of;\nElectrum, a hot wallet, for the desktop\n&\nBitBox2.0 Btc Edition, open-source hardware wallet. \nBoth are fantastic imo. \n\nI want to hear more opinions. \nWhat are the best Bitcoin ONLY wallets on the market?', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/', '149q93y', [['u/senfmeister', 28, '2023-06-15 05:03', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/jo6mc3y/', 'Coldcard', '149q93y'], ['u/adigabusymind', 12, '2023-06-15 06:43', 'https://www.reddit.com/r/Bitcoin/comments/149q93y/best_bitcoin_only_wallet/jo6w3v8/', 'My favorite on my computer is Sparrow. \nMy favorite on phone is BlueWallet. \n\nGet a hardware wallet, Jade is a ok, but for the price it’s great. Also you can make it a Bitcoin Miner for fun. And use xpub to connect it wherever you want.', '149q93y']]], ['u/thrwaway443222', 'Tate Timeline, Programs and things Destiny keeps getting wrong', 12, '2023-06-15 05:24', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/', "I have been in pickup sphere since 2016, RP sphere since 2018 and have been watching tate since 2019. I have watched all his podcast multiple times, older ones more than 3-4 times as I was in the UK during lockdowns and due to gym closures we were allowed 1 walk outside and I would put headphones and walk for 2-3 hours listening to tate and rollo.\n\nThere are a few things destiny and others get wrong. I am not gonna justify things just list them out and I'll keep it short and simple. This is all from what he has shared. He exaggerates but his storyline has been consistent over the years. Its not that long just spaces make it look long.\n\n# Start\n\nHe was a legit athlete but was making 6figures griding 5-6 months in gym for few fights and the coach and manager would take parts of it.\n\n# Webcam Start\n\n* He lost some $ in casino (i think) and owed the mafias so had to get $ quickly.\n* He locked himself for couple days to learn how money works to make more money to repay the mafias. He studied about federal reserve, assets, liabilities.\n* Tried to make list of assets and saw his asset was only some cash and few girlfriends. \nHe kept seeing ads of camgirls, he clicked on one and saw ppl tipping the girl while she sat and said thank you.\n* He told his 4 girlfriends to fly to him, they did, told them the plan, 2 stayed, 2 left. The 2 that stayed, one of them is still his main girl and possibly the girl in the video that was leaked of him doing bdsm stuff.\n* He expanded cam business, would have men sit and chat from keyboard while girls stayed there and looked pretty and acted like they were typing. They ran the cam studio 24x7.\n\n\n\n# UK Grape Allegations\n\n* They started making bank, partying, one his top earning girls drank too much, puked. He told her to clean it up, she said no, he said if she doesn't he'll throw her stuff. She still didn't, he packed her stuff and threw it outside. She thought he'd never do it because she knew she was the top earner but tate said it was to show dominance and show the girls he's a man of his word and will do it if he said it.\n* She filed police complaint, police came in late night, took him to jail, kept him for 2 days. They found nothing and he got released. The charges were later dropped when the police found texts on the accuser's phone that she said to someone she was gonna frame him because he threw her out.\n* This pissed tate off coz he was put in jail with no evidence, just on the words of a woman. So he decided to move. He fought some times in Romania, liked the Christian city, knew they wouldn't just throw people in jail because a girl said so, and he moved there. \n\n\n# Romania and Money\n\n* He made most of his money over here, this is also where he could pay less taxes and live freely. He turned an old garage into his big house he lives in now. Made bank and with that money he bought land, casinos and started making courses. \n* People miss this but they were making bank and buying crypto to buy watches in Dubai to avoid wire transfer fees. They were very early in ETH and BTC only because they wanted to buy stuff in Dubai (and also to avoid taxes). A lot of their $ also came from SOL as they got in at $8 which rallied to $200. There's even a tweet of Andrew saying to buy BTC when it was 3k and he says he put 600k into it that time. \n* This is where he says the cam was too much headache so he focused on expanding casino and building online presence. \n\n# Onlyfans\n\n* AFAIK Andrew gave up cam business long time ago. When onlyfans came, tristian was running OF management company where he'd just ask women to take pics and vids and other guys were scheduling stuff, sending dms. \n* On F&F he said Onlyfans Official IG account follows him because he was very early on in the game and made bank (because of his cam business experience). \n* I checked and yes OF official account followed Tristian. OF is also based out of London.\n\n# Courses Misconceptions\n\n1. Hustlers university is not a pyramid scheme. \nThey closed the affiliate program after 6k students joining. Initially the affiliate program was to show other ppl you are making $ as proof and get them to join. You only make $25 once someone joins. If the new person gets someone, you don't make anything. It was also closed when ppl started calling it pyramid scheme. At it's peak there were 210k students paying $50/month. \n\n\n2. Hustlers university does not teach cam business or how to get girls. It was ways to make $ online, copywriting, seo, amazon store, shopify, options, crypto, stocks, web development etc.\n\n3. PHD Program (Pimping hoes degree): This was a 2 hour webinar on how to get girls. Not camming, not lover boy method. He basically said attention is a currency and men give it away easily so it doesn't hold any value. But if you give attention only when its required (as in don't pedestalize) and have charisma and game, women will fall for you. The sending 🍒 text was in this course. \n\n4. Cam business course: This was the legit cam business course where he got his main cam girl on video and he explained how the business side worked and the main girl explained how the girls should act. Here he also tells how to recruit girls but I vaguely remember him mentioning to consider girls working in McD or Starbucks, min wage income jobs as they will make more money with girl next door vibes and she'll be more into it as she'd getting paid more. \nI haven't seen this course so I don't know but if I had to guess all the videos the criminal lawyer paid where andrew talked about bottom bitch and how to get her to recruit girls, would be in this one. This is still my guess because I haven't seen this course.\n\n\n\nIf anyone has any more questions I can answer in comments but I hope this clears a lot of stuff. I keep seeing guys saying cam business is in hustlers university, Pimping hoes degress is trafficking women or lover boy method course.", 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/', '149rfhx', [['u/CrystalLogik', 39, '2023-06-15 05:30', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6p68j/', 'You missed the part where he admitted to lying to the cam girls about how much taxes they were paying, so he could pocket a higher % for himself.', '149rfhx'], ['u/imok96', 12, '2023-06-15 05:40', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6q4hv/', 'this a pretty decent outline but it’s missing links to support everything your saying. All the stuff on here seems kinda true but it’s heavily biased towards Tate. Which is fine but you should definitely disclose that for ethical reasons. \n\nAlso we don’t do that grape shit here.', '149rfhx'], ['u/CrystalLogik', 16, '2023-06-15 05:53', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6rfju/', 'Webcam money he partially stole, and generally earned using underhanded tactics with customers.', '149rfhx'], ['u/tony_simprano', 14, '2023-06-15 06:17', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6tq34/', "I very seriously doubt he was making six figures in kickboxing back in the late 2000s/early 2010s. \n\nHe was never in a top-level professional kickboxing promotion, and literal Third World promotions with live audiences of ~100 people don't pay their fighters First World salaries. \n\nEven journeymen UFC fighters who compete in events seen by millions barely make $100K a year in 2023\n\nhttps://www.youtube.com/watch?v=ch_3G9GUfV8", '149rfhx'], ['u/Mean-Revenue-777', 16, '2023-06-15 06:56', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo6xanl/', 'It seems like you may have missed a few important details here. Andrew himself has openly acknowledged his involvement in a questionable advertising business that eventually failed, prior to his webcam venture. The primary objective of that business was to sell ads at a price lower than their initial cost. Furthermore, Andrew asserts that the casinos experienced significant losses during the COVID-19 pandemic. Moreover, there are circulating images that suggest Andrew actively participated in the webcam activities, physically engaging with the main model known as "cobra mfc." According to reports, casinos are known to have connections with notorious mafia figures. Some reports even claim that the owners of the "Las Vegas" casinos have been known to threaten and intimidate customers who win in order to reclaim their money. \n\nEdit: \n\nOne of the primary methods Tates used to earn money through webcams was by engaging in dating scams. They would employ women to pose as girlfriends to vulnerable men and convince them to send money under the pretense of being in a genuine relationship. \n\nThere\'s this individual named "Joe Lampton / Vlad Obu" who seems to be associated with Tates. They claim to be Romanian and offer courses on OnlyFans. These courses supposedly teach men how to recruit women as girlfriends and persuade them to join OnlyFans. The objective is to create fake online relationships and manipulate men into sending money through crypto and Western Union. Another aspect of their advice is encouraging men to request their girlfriends or models to tattoo their name, similar to what Tates have allegedly done with their own partners.', '149rfhx'], ['u/NegotiationOk4956', 11, '2023-06-15 08:14', 'https://www.reddit.com/r/Destiny/comments/149rfhx/tate_timeline_programs_and_things_destiny_keeps/jo73jn5/', 'I stopped reading in \n\n“He was a legit athlete but was making 6figures grinding 5-6 months in gym for a few fight and the coach and manager would take parts of it.”\n\nMy man you don’t know how funny it is 🤣 he was a washed up reality junkie who went to big brother got kicked out and then pushed himself in any reality or show or scandal in the uk for years 🤣\n\nWhy do you make a some weird talking goofy scam artist the athlete of the century? 🤣🤣', '149rfhx']]], ['u/Zixxer', "I'm withdrawing my pension contributions after 8 years due to a new job, and I'll be able to buy a whole Bitcoin. I'm worried the price is going to pop off before I receive the funds", 19, '2023-06-15 05:48', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/', "I've been DCA'ing for 3 years now, but I'll finally be able to invest a significant amount due to the amount of money I'm receiving from withdrawing my pension funds. With how low these prices are, I'm worried the price is going to pop off before I get the funds to purchase any significant amount. \n\nYes I can dca 25k in over time as well, but I'm craving the ability to buy at these prices. And I unfortunately do not have any other means to quickly obtain that amount of money from other means. \n\nAny ideas?", 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/', '149rw5o', [['u/MJC77diamondhands', 23, '2023-06-15 06:17', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo6trsn/', "Just relax, I was in the same boat about a month ago. I was worried it was going to pop off above 30k. I bought 4 at 26.5 and look at where we are today. Just hold tight, you'll likley see sub 25k and be just fine. I will admit it was relieving to finally get there and not be so obsessive about the charts.", '149rw5o'], ['u/gangbanger1000', 10, '2023-06-15 07:25', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo6zpys/', 'He said.. blow your whole load.. 🤣', '149rw5o'], ['u/charvo', 14, '2023-06-15 08:09', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo736op/', "Btc isn't popping off with all the regulatory overhang from the Biden admin.", '149rw5o'], ['u/bigbowl_of_KIX', 22, '2023-06-15 09:02', 'https://www.reddit.com/r/Bitcoin/comments/149rw5o/im_withdrawing_my_pension_contributions_after_8/jo770ve/', 'You got the FOMO willies', '149rw5o']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 15, 2023', 28, '2023-06-15 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/', '149s45y', [['u/MasterMinerva', 14, '2023-06-15 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo6sji6/', "Any spare Hopium going around, I'm happy to take it, TIA", '149s45y'], ['u/delgrey', 18, '2023-06-15 08:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo73fbd/', 'CTO Tether: "Markets are edgy in these days, so it\'s easy for attackers to capitalize on this general sentiment.\nBut at Tether we\'re ready as always. Let them come.\nWe\'re ready to redeem any amount."\n\nSteady lads.', '149s45y'], ['u/Essexal', 12, '2023-06-15 09:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo791fb/', 'The sadder the sentiment in here is, the faster we go up. Works every time, six out of ten times.\n\nI’ve already seen mentions of 21k…', '149s45y'], ['u/NLNico', 10, '2023-06-15 09:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo79uqu/', 'Arguably forming a bullish div on the hourly. Normally, I would expect market to hit some more stops/liquidations below local bottom though. Guess we wait.\n\nedit: did the stops thing just now, back up we go? Barely liqs though.', '149s45y'], ['u/52576078', 10, '2023-06-15 11:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo7ijdk/', 'Go look at the posts from here in 2019 or 2015. Absolute despair. Bitcoin was dead. This is nothing.', '149s45y'], ['u/PatientlyWaitingfy', 20, '2023-06-15 13:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo7osvu/', 'Good morning! \n\nProfit taken at [24861 of short from 28361](https://www.reddit.com/r/BitcoinMarkets/comments/11vap3d/comment/jcuuvsh/?utm_source=share&utm_medium=web2x&context=3)\n\nTook only 3 months.. worth it', '149s45y'], ['u/RequestApproved', 10, '2023-06-15 15:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo849yn/', "We are now below the 25.5k weekly support. Not great if we close the week below it, but I expect a back test of it even so.\nWe're sitting on the last remaining high timeframe support (~25k on 5 and 6 week timeframe). \nIf we close back above 25.5k that would be a sign of strength. That's my best case scenario in the short term.", '149s45y'], ['u/thewardser', 12, '2023-06-15 15:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo85ruq/', "the 1 hourly is crazy oversold, so might see a relief rally bounce today...but I wouldn't bet on it...the long term charts look like crap\n\n1. 1D - 200MA support line is right below us at $23,700. This is the support line that held in March at $19K that then sent us up to $31K. The difference is that last time we hit that line on the 5th day of red in a row...so the selling was going on for a while. This time, we are only working on our second red daily candle and we are grinding on the bottom bollinger band, hitting it multiple times. \n2. 3D - We are neutral on the MACD, so we have about 3-4 months to go before that hits oversold. We are also grinding on the bottom bollinger band. Our MA100 support is at $22,250.\n3. 1W - we are right on the MA25 support line(at $25K), this is the line that also held last time at $19K(the difference is last time we hit it when we were neutral, and this time we are hitting it when we are slightly overbought). We had one the longest green streaks in Bitcoin history, and are only just starting to paint our 2nd red macd candle...the chances of it being a quick reset are very slim.\n4. 1Mo - we are right on the MA7 support line and MACD recovered to neutral from overbought. This means we have plenty of room to go down to oversold. \n\nSummary: we are testing key support that held us up last time, when that support fails, we are going to new lows. The macro situation is still garbage, inflation is still growing(albeit smaller), which means people are getting fucked, interest rates tend to have lagging effect, but its pretty clear they are already affecting the economy and the AI stock rally has set the stock market for a big drop and its all but guaranteed that BTC will dump right along with them. In other words, everything is being lined up for that sub $10K push", '149s45y'], ['u/BootyPoppinPanda', 13, '2023-06-15 16:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo88ul8/', "I don't find your theory very plausible, but just to entertain the idea of sub $10k, how long do you think it takes to get there, and how long do you expect it to linger there? Halving is less than a year away, so you expect to be in the Goblin Town mayor's sex dungeon at that point? Cycle theory is broken too?\n\nIn my opinion, if we go sub $10k, we could just as easily go sub $5k again. Both seem ridiculous to me, but I've been humbled many times before, so I guess I can't discount it.", '149s45y'], ['u/spinbarkit', 17, '2023-06-15 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo88yx2/', 'allow me to retort, two scenarios:\n\n1. we are in a big downtrend correction since 16,5k$ which brought us to 31k$ which is now off and we will see new lows below 16k$\n\nthat would mean you are right and this would be the most savage bear ever\n\n2. we reached the bottom already and started new uptrend from 16,5k$ which is now @ second correction and major support line which will soon bring us to new highs - above 35k$\n\nmy bet actually, the bull would be on the verge of recovery phase.\n\nForgive me if this is total nonsense but I am at my weakest mental state ever. Maybe we will have some big head here ready with bull case scenario better explained. hope so...', '149s45y'], ['u/dopeboyrico', 10, '2023-06-15 17:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8jh92/', 'This has to be due to shenanigans with Binance, right?\n\nWe just had a pause on rate hikes after more than a year of consistent rate hikes every single FOMC meeting. Inflation is consistently falling down meaningfully from its highs last year which makes Fed’s threat of two more rate hikes later this year questionable. Congress raised the debt ceiling by $4 trillion over the next 2 years, a roughly 13% increase on the previous debt ceiling. BTC is about to have its fourth halving next year resulting in a BTC inflation rate below 1%/year thereafter. Stocks are in a technical bull market and continue trekking higher as TradFi investors are risk-on again.\n\nIf this isn’t the result of Binance shenanigans then I don’t know what’s going on. Whatever, nonstop DCA and HODL into cold storage regardless as the long-term investment thesis hasn’t changed whatsoever.', '149s45y'], ['u/DamonAndTheSea', 18, '2023-06-15 17:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8jytc/', 'S&P 3 month chart looks like an [absolute monstrous recovery](https://www.tradingview.com/x/efwNEuSl/) from last year’s lows. Marked here are all prior large interactions with the 20EMA since the late 70’s.\n\nI’ve listened to so many people over the last 12 months pontificate about a 2008 style recession; but for the last 9 months, the charts keep going the opposite direction. To me this looks like stocks are probably heading to new highs rather than dead cat bouncing to oblivion. \n\nBitcoin is yet to catch up, but if markets stay risk-on I suspect that’ll change soon enough.', '149s45y'], ['u/BootyPoppinPanda', 12, '2023-06-15 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8lfq2/', 'I zoomed out too far and see the trend is up.', '149s45y'], ['u/DamonAndTheSea', 13, '2023-06-15 18:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8nrgf/', 'I shared a chart like this months ago, but I noticed that when [rates go flat, they’re highly correlated with growth periods in traditional markets…](https://www.tradingview.com/x/XpnW2SY9/)\n\nI think this might have to do with markets preferring knowns to unknowns. Flat rates provide a steady ground for growth. The rates being higher vs lower does not seem to have as much on an effect on price as people seem to believe. \n\nIn any case, flat rates for another year may actually lead to continued growth despite the palpable doomerism that’s permeated markets over last several months.', '149s45y'], ['u/_supert_', 12, '2023-06-15 18:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8pirn/', '> likely scenario\n\nwhy though', '149s45y'], ['u/_TROLL', 10, '2023-06-15 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8pqhh/', "> selling bitcoin to defend certain positions\n\nSelling bitcoin to defend BNB, a.k.a. 2023's version of FTT.\n\nShitcoins are the bane of the entire crypto market.", '149s45y'], ['u/Psyteet', 27, '2023-06-15 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8sbcj/', 'I was a regular poster here back in 2018-2021. Interesting seeing a lot of the same names.\n\nAll I want to add is all the doomsday posts never change. But what has changed is BTC has shown that it holds up a lot better in a full market fear stage than what most predicted. \n\nI don’t think you can underestimate enough how much the younger generations are more geared toward digital market investments. Old school investors are dying off and this is the future.\n\nIf I can give a suggestion is take time away from these subs and the emotional manipulation. Invest when it’s low and during times like this and wait a few years. Don’t fight against the long term cycle trends.', '149s45y'], ['u/Motrok', 17, '2023-06-15 18:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo8tj9t/', "No. It's just too useful.\n\nIf you lived in a shithole 3rd world country with skyrocketing, chronic inflation like I do, you'd know exactly how useful it is.\n\nIt's insanely useful. As more peaople realize its actual, everyday usecase, more people adopt it.\n\nThat's why governments attack it like they do. It deprives the man in power of the main tool to steal from you.",... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin spurts but then stabilizes. Other cryptos reverse some Wednesday losses. Insights: Hong Kong\'s banks may not yet be ready to help turn the City into a crypto hub. Prices CoinDesk Market Index (CMI) 1,079 +13.0 ▲ 1.2% Bitcoin (BTC) $25,572 +467.2 ▲ 1.9% Ethereum (ETH) $1,665 +15.3 ▲ 0.9% S&P 500 4,425.84 +53.3 ▲ 1.2% Gold $1,971 +15.3 ▲ 0.8% Nikkei 225 33,485.49 −16.9 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,079 +13.0 ▲ 1.2% Bitcoin (BTC) $25,572 +467.2 ▲ 1.9% Ethereum (ETH) $1,665 +15.3 ▲ 0.9% S&P 500 4,425.84 +53.3 ▲ 1.2% Gold $1,971 +15.3 ▲ 0.8% Nikkei 225 33,485.49 −16.9 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Spurts, Then Fizzles Bitcoin and other crypto assets spurted briefly late Thursday after fund management giant BlackRock iShares\' unit filed filed paperwork Thursday afternoon with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin ( BTC ) ETF. But the rally, which regained ground lost the previous day, fizzled out well short of the $26,000 threshold BTC lost nearly a week ago. The largest cryptocurrency was recently trading at $25,556, up nearly 2% over the past 24 hours. Bitcoin swooned late Wednesday amid ongoing worries about U.S. central bank monetary policy overreach and growing U.S. crypto regulatory scrutiny. Read More: BlackRock\'s iShares Files Paperwork for Spot Bitcoin ETF Ether spiked similarly to trade above $1,660, a 0.8% gain from Wednesday same time. Other major cryptos went from the negative territory they\'d occupied for much of Thursday to green with SOL, the token of the Solana smart contracts platform Solana, recently up 1.8%, and SAND and AXS also rising more than a percentage point. MATIC, the native crypto of the Polygon blockchain, was down more than 4%. These assets were among 19 mentioned in U.S. Securities and Exchange (SEC) lawsuits that accused exchanges Binance and Coinbase of violating securities laws. Story continues In an email to CoinDesk, Brian D. Evans, the CEO of Web3 venture studio and advisory firm BDE Ventures, noted the investor angst about the increasingly unfavorable U.S. crypto climate. “I feel like we’re at the beginning of a big shift involving project founders seeking locations to base themselves outside the United States," Evans wrote. "In this sense, the market feels very dislocated. In the United States, they’re left scratching their heads over the intricacies of a regulatory system that hasn’t been updated since the Great Depression." Evans wrote that this failing has sent projects "searching out better-regulated jurisdictions, such as Hong Kong, Dubai and the U.K." Read More: SEC’s Binance, Coinbase Suits Create Uncertain Future for Listed Tokens: Legal Experts He added: "A global reshuffling is taking place that is shaping up to center the next burst of innovation and market exuberance in Asia and the Middle East. In that sense, then, I think the digital asset ecosystem is actually becoming more robust, making the likely fireworks following the next Bitcoin halving all the more surprising to a large number of observers. In short, the bullishness is there, yes, but it’s increasingly being driven by events happening abroad.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +4.5% Entertainment Shiba Inu SHIB +2.6% Currency Cosmos ATOM +1.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −5.3% Smart Contract Platform Polkadot DOT −4.6% Smart Contract Platform Stellar XLM −3.9% Smart Contract Platform Insights Hong Kong as Crypto Hub? The Banks May Not Be Ready Take their money! That’s the message that Hong Kong’s financial regulator is telling some of the City’s banks who refuse to onboard crypto clients . "The HKMA has consistently communicated the importance of banks following the risk-based approach to managing the risks of individual customers," a Hong Kong Monetary Authority spokesperson told CoinDesk earlier. It’s not the first time we’ve heard of crypto companies having trouble banking in Hong Kong. A few months ago, news broke that the Hong Kong branches (which are largely autonomous and operate by local rules) of some of China’s state-owned banks were soliciting crypto business in the City. There was just one problem. While they might talk a big game about being ready to embrace crypto – unthinkable years ago – potential clients found it nearly impossible to get on-board. "The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place, which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk at the time. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.” At one time, Hong Kong had the unfortunate reputation of being a money laundering center for organized crime. HSBC paid out record fines for their behavior. It’s a much more conservative, risk-managing organization as a result. Billions in penalties will do that to a company. Almost understandably, banks don’t want to get involved with crypto. The Securities and Exchange Commission (SEC) and CFTC, which seem to have given themselves a supranational mandate, have accused Binance of co-mingling $12 billion in funds and violating securities laws . The same goes for Coinbase. Banks would really not want these as a client. Binance and Coinbase are the big fish and were attacked first, but who knows what exchange could be next. Even if a bank in Hong Kong doesn’t do business in the U.S., it can still be caught up in the regulatory dragnet – if U.S. authorities go after an exchange that’s otherwise legal in Hong Kong – by virtue of it offering USD products. Of course, one should always remain optimistic, but Hong Kong looks like it has a long way to go before it can be considered a crypto hub. Important events. 5:00 p.m. HKT/SGT(9:00 UTC) Eurozone Harmonized Index of Consumer Prices (YoY/May) 7:45 p.m. HKT/SGT(11:45 UTC) United State Fed\'s Waller Speech 10:00 p.m. HKT/SGT(14:00 UTC) Michigan Consumer Sentiment Index (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Drops Below $25K; Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Cryptocurrencies fell sharply, with bitcoin (BTC) dropping below $25,000 after the Federal Reserve policy decision to suspend rate hikes for at least one meeting. Path Trading Partners Chief Market Strategist Bob Iaccino broke down the market reaction. Plus, Ripple Chief Legal Officer Stuart Alderoty on strategy after the release of documents tied to William Hinman. And, the U.S. arm of Bittrex was set to open for customer withdrawals Thursday following a ruling by a Delaware bankruptcy court. Bittrex Chief Legal Officer David Maria discussed the news. Headlines Polygon Labs Rolls Out Open Database for Blockchain Use Cases : Called "The Value Prop," the database hosts as many as 39 use cases and over 300 applications, with numbers expected to increase. Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases : The Latin American country will conduct a pilot to test Ripple\'s technology for its high-value payments system. Crypto Exchange Bybit Integrates ChatGPT Into Trading Tools : Traders will be able to analyze market data with the new AI-based feature called "ToolsGPT." USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop : USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance. Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients, Report : The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin spurts but then stabilizes. Other cryptos reverse some Wednesday losses.\nInsights:Hong Kong\'s banks may not yet be ready to help turn the City into a crypto hub.\nCoinDesk Market Index (CMI)\n1,079\n+13.0▲1.2%\nBitcoin (BTC)\n$25,572\n+467.2▲1.9%\nEthereum (ETH)\n$1,665\n+15.3▲0.9%\nS&P 500\n4,425.84\n+53.3▲1.2%\nGold\n$1,971\n+15.3▲0.8%\nNikkei 225\n33,485.49\n−16.9▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,079", "+13.0\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$25,572", "+467.2\\u25b21.9%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,665", "+15.3\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,425.84", "+53.3\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,971", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,485.49", "\\u221216.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Spurts, Then Fizzles\nBitcoin and other crypto assets spurted briefly late Thursday after fund management giant BlackRock iShares\' unit filed filed paperwork Thursday afternoon with the U.S. Securities and Exchange Commission (SEC)for the formationof a spot bitcoin (BTC) ETF.\nBut the rally, which regained ground lost the previous day, fizzled out well short of the $26,000 threshold BTC lost nearly a week ago. The largest cryptocurrency was recently trading at $25,556, up nearly 2% over the past 24 hours. Bitcoin swooned late Wednesday amid ongoing worries about U.S. central bank monetary policy overreach and growing U.S. crypto regulatory scrutiny.\nRead More:BlackRock\'s iShares Files Paperwork for Spot Bitcoin ETF\nEther spiked similarly to trade above $1,660, a 0.8% gain from Wednesday same time. Other major cryptos went from the negative territory they\'d occupied for much of Thursday to green with SOL, the token of the Solana smart contracts platform Solana, recently up 1.8%, and SAND and AXS also rising more than a percentage point. MATIC, the native crypto of the Polygon blockchain, was down more than 4%. These assets were among 19 mentioned in U.S. Securities and Exchange (SEC) lawsuits that accused exchanges Binance and Coinbase of violating securities laws.\nIn an email to CoinDesk, Brian D. Evans, the CEO of Web3 venture studio and advisory firm BDE Ventures, noted the investor angst about the increasingly unfavorable U.S. crypto climate.\n“I feel like we’re at the beginning of a big shift involving project founders seeking locations to base themselves outside the United States," Evans wrote. "In this sense, the market feels very dislocated. In the United States, they’re left scratching their heads over the intricacies of a regulatory system that hasn’t been updated since the Great Depression."\nEvans wrote that this failing has sent projects "searching out better-regulated jurisdictions, such as Hong Kong, Dubai and the U.K."\nRead More:SEC’s Binance, Coinbase Suits Create Uncertain Future for Listed Tokens: Legal Experts\nHe added: "A global reshuffling is taking place that is shaping up to center the next burst of innovation and market exuberance in Asia and the Middle East. In that sense, then, I think the digital asset ecosystem is actually becoming more robust, making the likely fireworks following the next Bitcoin halving all the more surprising to a large number of observers. In short, the bullishness is there, yes, but it’s increasingly being driven by events happening abroad.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+4.5%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.6%", "DACS Sector": "Currency"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22124.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}]\nHong Kong as Crypto Hub? The Banks May Not Be Ready\nTake their money!\nThat’s the message that Hong Kong’s financial regulator is telling some of the City’s banks whorefuse to onboard crypto clients.\n"The HKMA has consistently communicated the importance of banks following the risk-based approach to managing the risks of individual customers," a Hong Kong Monetary Authority spokesperson told CoinDesk earlier.\nIt’s not the first time we’ve heard of crypto companies having trouble banking in Hong Kong.\nA few months ago, news broke that the Hong Kong branches (which are largely autonomous and operate by local rules) of some of China’s state-owned banks were soliciting crypto business in the City.\nThere was just one problem. While they might talk a big game about being ready to embrace crypto – unthinkable years ago – potential clients found it nearly impossible to get on-board.\n"The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place, which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk at the time. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.”\nAt one time, Hong Kong had the unfortunate reputation of being a money laundering center for organized crime. HSBCpaid out record finesfor their behavior. It’s a much more conservative, risk-managing organization as a result. Billions in penalties will do that to a company.\nAlmost understandably, banks don’t want to get involved with crypto. The Securities and Exchange Commission (SEC) and CFTC, which seem to have given themselves a supranational mandate, have accusedBinance of co-mingling $12 billionin funds andviolating securities laws.The same goes for Coinbase.\nBanks would really not want these as a client.\nBinance and Coinbase are the big fish and were attacked first, but who knows what exchange could be next. Even if a bank in Hong Kong doesn’t do business in the U.S., it can still be caught up in the regulatory dragnet – if U.S. authorities go after an exchange that’s otherwise legal in Hong Kong – by virtue of it offering USD products.\nOf course, one should always remain optimistic, but Hong Kong looks like it has a long way to go before it can be considered a crypto hub.\n5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Harmonized Index of Consumer Prices (YoY/May)\n7:45 p.m. HKT/SGT(11:45 UTC)United State Fed\'s Waller Speech\n10:00 p.m. HKT/SGT(14:00 UTC)Michigan Consumer Sentiment Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Drops Below $25K; Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals\nCryptocurrencies fell sharply, with bitcoin (BTC) dropping below $25,000 after the Federal Reserve policy decision to suspend rate hikes for at least one meeting. Path Trading Partners Chief Market Strategist Bob Iaccino broke down the market reaction. Plus, Ripple Chief Legal Officer Stuart Alderoty on strategy after the release of documents tied to William Hinman. And, the U.S. arm of Bittrex was set to open for customer withdrawals Thursday following a ruling by a Delaware bankruptcy court. Bittrex Chief Legal Officer David Maria discussed the news.\nPolygon Labs Rolls Out Open Database for Blockchain Use Cases:Called "The Value Prop," the database hosts as many as 39 use cases and over 300 applications, with numbers expected to increase.\nColombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases:The Latin American country will conduct a pilot to test Ripple\'s technology for its high-value payments system.\nCrypto Exchange Bybit Integrates ChatGPT Into Trading Tools:Traders will be able to analyze market data with the new AI-based feature called "ToolsGPT."\nUSDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop:USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.\nHong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients, Report:The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.', "Bitcoin rose in Friday morning trading in Asia, after falling below US$25,000 overnight and overall posting a losing week, a trend mirrored by Ether. The rest of the top 10 non-stablecoin cryptocurrencies were mixed after finding little impetus from the U.S. Fed decision in the week to leave interest rates unchanged. Polygon\x92s Matic token had the biggest decline in the top 10 amid sharp falls in altcoins since the U.S. regulator last week labeled many of them illegally issued financial securities. Bumpy week Bitcoin added 2.05% over the last 24 hours to US$25,573.56 at 6:30 a.m. in Hong Kong, but lost 3.83% in the last seven days, according to CoinMarketCap data . The world\x92s largest cryptocurrency, with a market capitalization of about US$497 billion, slipped to US$24,797.17 at around 8:00 p.m. on Thursday, the lowest since March 16. Ether traded little changed at US$1,665.73, up a slight 0.78%, but posting a weekly loss of 10.06%. Solana led gains among the top 10 tokens by market capitalization, rising 3% to US$14.88, but still down 21.58% for the past seven days. The Solana community on Twitter is throwing around the idea of a hard fork to avoid further scrutiny from U.S. regulators, but such an idea is not being discussed among Solana developers, according to Decrypt . Polygon\x92s Matic was the biggest loser out of the top 10, dropping 4.06% to US$0.5952 to bring the week\x92s loss to 24.06%. Most of the top 10 have been on a roller-coaster ride since the U.S. Securities and Exchange Commission\x92s (SEC) filed lawsuits against crypto exchanges Binance.US and Coinbase in the week of June 5. The SEC also named dozens of altcoins as financial securities, including Solana, Cardano, Polygon and BNB. Those four tokens combined had a market capitalization of US$57.5 billion as of Friday morning in Asia, which is a sharp 26.5% slump from the US$78.27 billion prior to the SEC\x92s lawsuits. \x93Many notable altcoins, such as Matic, were listed as securities in recent SEC lawsuits, so venture capital firms have been selling their altcoin holdings to capture the little liquidity left and lessen the blow to their portfolios,\x94 said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Lab, in a Telegram message to Forkast. Story continues \x93Institutions are managing portfolio risk and preparing for a continued downtrend amid less market liquidity and tighter regulations,\x94 he said. In related moves, U.S.-based trading platform Robinhood delisted Cardano, Polygon and Solana, while the eToro platform halted user purchases of Polygon, Decentraland, Algorand and Dash \x97 which were all named in the SEC\x92s legal filings. The crypto market seemed to find little relief in the move this week by the Federal Reserve to pause interest rate increases. \x93This pause, or skip seems to be a more tactical move, but the fight against inflation is not over yet,\x94 said Michiel Janssen, trader and analyst at crypto hedge fund AltTab Capital, in an email statement shared with Forkast . \x93For crypto this means in the short term that there is less money flowing into the crypto markets. In the longer run, higher inflation and further problems in the banking sector can be a positive for crypto.\x94 The total cryptocurrency market cap increased 1.21% to US$1.04 trillion in the last 24 hours, while crypto trading volume fell 18.55% to US$37.82 billion, according to CoinMarketCap data. \x93Grails\x94 sales hit US$17 million The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.39% to 2,884.87 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.46% for the week. Total NFT transactions fell 25.96% to US$18.58 million. Transaction on Ethereum, the leading NFT blockchain, dropped 10.50% to US$13.2 million. Transactions on the Bitcoin network, the second largest NFT blockchain, plunged 72.91% to US$1.12 million. On Thursday, global auction house Sotheby\x92s finished its second round of sales of NFTs from the \x93Grails\x94 collection. \x93Grails\x94 consists of non-fungible token (NFT) artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital. Singapore-based Three Arrows Capital, a crypto hedge fund that once managed as much as US$10 billion, filed for Chapter 15 bankruptcy in July 2022, which protects assets of insolvent foreign debtors from U.S. creditors. In February this year, Three Arrows Capital\x92s U.S.-based liquidator Teneo said that it plans to sell NFTs owned by the company with an estimated value of US$22 million at the time of the bankruptcy filing. The second auction brought in nearly US$11 million in sales, including Dmitri Cherniak\x92s \x93The Goose\x94 or Ringers #879, which was sold for US$6.2 million alone. The collection has raised a running total of US$17 million in Sotheby\x92s sales. #AuctionUpdate : Fidenza #479 by @tylerxhobbs has just sold for $622,300, more than 5X the estimate. #SothebysGRAILS https://t.co/rBghQ4EJsQ pic.twitter.com/8lMtiudJzf \x97 Sotheby's Metaverse (@Sothebysverse) June 15, 2023 \x93While the NFT community is excited by today\x92s major art sales from the Sotheby\x92s auction, that isn\x92t money that will flow back into NFTs,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93These were seized NFTs from 3AC and that money will go to recouping losses.\x94 In other transactions, the NFT staple Bored Ape Yacht Club topped sales by collection, selling US$1.11 million in the last 24 hours. Mythos chain-powered DMarket game NFTs came second with US$899,694 in sales, with over 51,000 transactions in the past day. U.S. stock futures drop after Thursday rally Image: Envato Elements U.S. stock futures fell as of 10:00 a.m. in Hong Kong after rallying during the regular trading day on Thursday. Dow Jones Industrial Average futures fell 0.15%, S&P 500 futures edged 0.21% lower and Nasdaq Futures lost 0.33%. The Dow rose 1.26% on Thursday, S&P gained 1.22% and the Nasdaq Composite added 1.15% as optimism grew that the Federal Reserve\x92s interest rate hikes are near the peak, according to Trading Economics . The U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year. The central bank warned of two more rate hikes by the end of 2023. The European Central Bank raised its interest rates for the eighth consecutive time on Thursday, adding 25 basis points. The next Federal Open Market Committee meeting is scheduled for July 25 to 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will leave rates as is at July\x92s meeting, while 71.9% says the Fed will raise by 25 basis points. (Updates with equities section.)", 'Bitcoin rose in Friday morning trading in Asia, after falling below US$25,000 overnight and overall posting a losing week, a trend mirrored by Ether. The rest of the top 10 non-stablecoin cryptocurrencies were mixed after finding little impetus from the U.S. Fed decision in the week to leave interest rates unchanged. Polygon’s Matic token had the biggest decline in the top 10 amid sharp falls in altcoins since the U.S. regulator last week labeled many of them illegally issued financial securities.\nBitcoin added 2.05% over the last 24 hours to US$25,573.56 at 6:30 a.m. in Hong Kong, but lost 3.83% in the last seven days, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$497 billion, slipped to US$24,797.17 at around 8:00 p.m. on Thursday, the lowest since March 16.\nEther traded little changed at US$1,665.73, up a slight 0.78%, but posting a weekly loss of 10.06%.\nSolana led gains among the top 10 tokens by market capitalization, rising 3% to US$14.88, but still down 21.58% for the past seven days. The Solana community on Twitter is throwing around the idea of a hard fork to avoid further scrutiny from U.S. regulators, but such an idea is not being discussed among Solana developers, according toDecrypt.\nPolygon’s Matic was the biggest loser out of the top 10, dropping 4.06% to US$0.5952 to bring the week’s loss to 24.06%.\nMost of the top 10 have been on a roller-coaster ride since the U.S. Securities and Exchange Commission’s (SEC) filed lawsuits against crypto exchanges Binance.US and Coinbase in the week of June 5. The SEC also named dozens of altcoins as financial securities, including Solana, Cardano, Polygon and BNB.\nThose four tokens combined had a market capitalization of US$57.5 billion as of Friday morning in Asia, which is a sharp 26.5% slump from the US$78.27 billion prior to the SEC’s lawsuits.\n“Many notable altcoins, such as Matic, were listed as securities in recent SEC lawsuits, so venture capital firms have been selling their altcoin holdings to capture the little liquidity left and lessen the blow to their portfolios,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Lab, in a Telegram message to Forkast.\n“Institutions are managing portfolio risk and preparing for a continued downtrend amid less market liquidity and tighter regulations,” he said.\nIn related moves, U.S.-based trading platform Robinhood delisted Cardano, Polygon and Solana, while the eToro platform halted user purchases of Polygon, Decentraland, Algorand and Dash — which were all named in the SEC’s legal filings.\nThe crypto market seemed to find little relief in the move this week by the Federal Reserve to pause interest rate increases.\n“This pause, or skip seems to be a more tactical move, but the fight against inflation is not over yet,” said Michiel Janssen, trader and analyst at crypto hedge fund AltTab Capital, in an email statement shared withForkast.\n“For crypto this means in the short term that there is less money flowing into the crypto markets. In the longer run, higher inflation and further problems in the banking sector can be a positive for crypto.”\nThe total cryptocurrency market cap increased 1.21% to US$1.04 trillion in the last 24 hours, while crypto trading volume fell 18.55% to US$37.82 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.39% to 2,884.87 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.46% for the week.\nTotal NFT transactions fell 25.96% to US$18.58 million. Transaction on Ethereum, the leading NFT blockchain, dropped 10.50% to US$13.2 million.\nTransactions on the Bitcoin network, the second largest NFT blockchain, plunged 72.91% to US$1.12 million.\nOn Thursday, global auction house Sotheby’s finished its second round of sales of NFTs from the “Grails” collection. “Grails” consists of non-fungible token (NFT) artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nSingapore-based Three Arrows Capital, a crypto hedge fund that once managed as much as US$10 billion, filed forChapter 15bankruptcy in July 2022, which protects assets of insolvent foreign debtors from U.S. creditors.\nIn February this year, Three Arrows Capital’s U.S.-based liquidatorTeneosaid that it plans to sell NFTs owned by the company with an estimated value of US$22 million at the time of the bankruptcy filing.\nThe second auction brought in nearly US$11 million in sales, including Dmitri Cherniak’s “The Goose” or Ringers #879, which was sold for US$6.2 million alone. The collection has raised a running total of US$17 million in Sotheby’s sales.\n“While the NFT community is excited by today’s major art sales from the Sotheby’s auction, that isn’t money that will flow back into NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “These were seized NFTs from 3AC and that money will go to recouping losses.”\nIn other transactions, the NFT staple Bored Ape Yacht Club topped sales by collection, selling US$1.11 million in the last 24 hours.\nMythos chain-powered DMarket game NFTs came second with US$899,694 in sales, with over 51,000 transactions in the past day.\nU.S. stock futures fell as of 10:00 a.m. in Hong Kong after rallying during the regular trading day on Thursday. Dow Jones Industrial Average futures fell 0.15%, S&P 500 futures edged 0.21% lower and Nasdaq Futures lost 0.33%.\nThe Dow rose 1.26% on Thursday, S&P gained 1.22% and the Nasdaq Composite added 1.15% as optimism grew that the Federal Reserve’s interest rate hikes are near the peak, according toTrading Economics.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year. The central bank warned of two more rate hikes by the end of 2023.\nThe European Central Bank raised its interest rates for the eighth consecutive time on Thursday, adding 25 basis points.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 28.1% chance the Fed will leave rates as is at July’s meeting, while 71.9% says the Fed will raise by 25 basis points.\n(Updates with equities section.)', 'Bitcoin rose in Friday morning trading in Asia, after falling below US$25,000 overnight and overall posting a losing week, a trend mirrored by Ether. The rest of the top 10 non-stablecoin cryptocurrencies were mixed after finding little impetus from the U.S. Fed decision in the week to leave interest rates unchanged. Polygon’s Matic token had the biggest decline in the top 10 amid sharp falls in altcoins since the U.S. regulator last week labeled many of them illegally issued financial securities.\nBitcoin added 2.05% over the last 24 hours to US$25,573.56 at 6:30 a.m. in Hong Kong, but lost 3.83% in the last seven days, according to CoinMarketCapdata. The world’s largest cryptocurrency, with a market capitalization of about US$497 billion, slipped to US$24,797.17 at around 8:00 p.m. on Thursday, the lowest since March 16.\nEther traded little changed at US$1,665.73, up a slight 0.78%, but posting a weekly loss of 10.06%.\nSolana led gains among the top 10 tokens by market capitalization, rising 3% to US$14.88, but still down 21.58% for the past seven days. The Solana community on Twitter is throwing around the idea of a hard fork to avoid further scrutiny from U.S. regulators, but such an idea is not being discussed among Solana developers, according toDecrypt.\nPolygon’s Matic was the biggest loser out of the top 10, dropping 4.06% to US$0.5952 to bring the week’s loss to 24.06%.\nMost of the top 10 have been on a roller-coaster ride since the U.S. Securities and Exchange Commission’s (SEC) filed lawsuits against crypto exchanges Binance.US and Coinbase in the week of June 5. The SEC also named dozens of altcoins as financial securities, including Solana, Cardano, Polygon and BNB.\nThose four tokens combined had a market capitalization of US$57.5 billion as of Friday morning in Asia, which is a sharp 26.5% slump from the US$78.27 billion prior to the SEC’s lawsuits.\n“Many notable altcoins, such as Matic, were listed as securities in recent SEC lawsuits, so venture capital firms have been selling their altcoin holdings to capture the little liquidity left and lessen the blow to their portfolios,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Lab, in a Telegram message to Forkast.\n“Institutions are managing portfolio risk and preparing for a continued downtrend amid less market liquidity and tighter regulations,” he said.\nIn related moves, U.S.-based trading platform Robinhood delisted Cardano, Polygon and Solana, while the eToro platform halted user purchases of Polygon, Decentraland, Algorand and Dash — which were all named in the SEC’s legal filings.\nThe crypto market seemed to find little relief in the move this week by the Federal Reserve to pause interest rate increases.\n“This pause, or skip seems to be a more tactical move, but the fight against inflation is not over yet,” said Michiel Janssen, trader and analyst at crypto hedge fund AltTab Capital, in an email statement shared withForkast.\n“For crypto this means in the short term that there is less money flowing into the crypto markets. In the longer run, higher inflation and further problems in the banking sector can be a positive for crypto.”\nThe total cryptocurrency market cap increased 1.21% to US$1.04 trillion in the last 24 hours, while crypto trading volume fell 18.55% to US$37.82 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.39% to 2,884.87 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 10.46% for the week.\nTotal NFT transactions fell 25.96% to US$18.58 million. Transaction on Ethereum, the leading NFT blockchain, dropped 10.50% to US$13.2 million.\nTransactions on the Bitcoin network, the second largest NFT blockchain, plunged 72.91% to US$1.12 million.\nOn Thursday, global auction house Sotheby’s finished its second round of sales of NFTs from the “Grails” collection. “Grails” consists of non-fungible token (NFT) artwork that belongs to the bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital.\nSingapore-based Three Arrows Capital, a crypto hedge fund that once managed as much as US$10 billion, filed forChapter 15bankruptcy in July 2022, which protects assets of insolvent foreign debtors from U.S. creditors.\nIn February this year, Three Arrows Capital’s U.S.-based liquidatorTeneosaid that it plans to sell NFTs owned by the company with an estimated value of US$22 million at the time of the bankruptcy filing.\nThe second auction brought in nearly US$11 million in sales, including Dmitri Cherniak’s “The Goose” or Ringers #879, which was sold for US$6.2 million alone. The collection has raised a running total of US$17 million in Sotheby’s sales.\n“While the NFT community is excited by today’s major art sales from the Sotheby’s auction, that isn’t money that will flow back into NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “These were seized NFTs from 3AC and that money will go to recouping losses.”\nIn other transactions, the NFT staple Bored Ape Yacht Club topped sales by collection, selling US$1.11 million in the last 24 hours.\nMythos chain-powered DMarket game NFTs came second with US$899,694 in sales, with over 51,000 transactions in the past day.\nU.S. stock futures fell as of 10:00 a.m. in Hong Kong after rallying during the regular trading day on Thursday. Dow Jones Industrial Average futures fell 0.15%, S&P 500 futures edged 0.21% lower and Nasdaq Futures lost 0.33%.\nThe Dow rose 1.26% on Thursday, S&P gained 1.22% and the Nasdaq Composite added 1.15% as optimism grew that the Federal Reserve’s interest rate hikes are near the peak, according toTrading Economics.\nThe U.S. central bank left interest rates unchanged at 5% to 5.25% after its meeting on Wednesday. The rate is at its highest since 2006 after ten consecutive hikes that started in March 2022 to slow the pace of inflation that surged to 40-year highs at one stage last year. The central bank warned of two more rate hikes by the end of 2023.\nThe European Central Bank raised its interest rates for the eighth consecutive time on Thursday, adding 25 basis points.\nThe next Federal Open Market Committee meeting is scheduled for July 25 to 26.\nThe CME FedWatch Tool predicts a 28.1% chance the Fed will leave rates as is at July’s meeting, while 71.9% says the Fed will raise by 25 basis points.\n(Updates with equities section.)', 'Undervalued penny stocks to buy stand out as potential goldmines, ready to offer robust returns for audacious investors. Despite macroeconomic headwinds, the S&P 500 has shown resilience, trending higher by 13.8% year-to-date. Amid the market’s ups and downs, numerous growth and penny stocks have delivered relatively strong returns. Now, as\xa0we enter the second half of the year, it’s time to delve into the best penny stocks for June. These are the potential hidden gems brimming with long-term potential. From cheap penny stocks to those with the potential for high returns, these securities could easily double in the next 12 months. EVgo Inc. ( EVGO ) EVgo fast charging station Source: Sundry Photography / Shutterstock.com EV charging operator EVgo Inc. (NASDAQ: EVGO ) recently saw its stock price tumble by double-digits following an announcement to offer $125 million of new stock shares.\xa0Despite this stumble, the company’s performance paints an optimistic picture. With a whopping 229% surge in sales year-over-year in the first quarter , In addition, EVgo is making meaningful strides, even as EBITDA losses cast a shadow on the stock price. Moreover, the company’s charging infrastructure is expanding.\xa0Beyond the numbers, EVgo is set to receive a $6.6 million subsidy from California , which will facilitate the deployment of chargers across the state. This, coupled with a bright revenue growth forecast for the year, signals a bright outlook for EVgo as we advance. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Diana Shipping ( DSX ) a cargo ship in the middle of the ocean representing TOPS stock Source: VladSV / Shutterstock.com Diana Shipping (NYSE: DSX ) is sailing ahead as a strong contender in the bustling sea of penny stocks. At the moment, it trades 42% lower than its 52-week high price. In addition, it offers a lucrative dividend yield of over 22.5%. Also, DSX’s core business, providing shipping transportation services through its fleet of dry bulk carriers, is thriving. As of the first quarter, it reported a near-full utilization of 99.4% across 42 vessels. The firm’s first quarter showcased a 7.2% year-over-year revenue increase, reaching $72.6 million. Coupled with an attractive time charter equivalent rate of $18,503 against a daily vessel operating expense of $5,396, DSX has been cruising towards healthy operating cash flows.\xa0Moreover, the company has consistently reduced its liabilities, a trend set to boost its credit metrics and propel DSX stock even higher. Cronos ( CRON ) Cannabis leaf on dollar bill. Cannabis Stocks Source: Shutterstock In the budding landscape of cannabis penny stocks, Cronos (NASDAQ: CRON ) is arguably one of the most compelling picks. With a cash war chest amounting to a whopping $836 million, a forthcoming committee vote on a marijuana bill could catalyze a positive uptick in CRON’s stock value, making it an enticing long-term prospect. Story continues Cronos recently announced its departure from U.S. hemp-derived CBD operations to trim costs while maintaining financial agility effectively. This positions the company to re-enter the U.S. market when regulatory conditions are favorable. Additionally, Cronos is looking to achieve positive cash flows by 2024 , and the promise of evidence-backed medicinal cannabis in the upcoming years adds another layer to Cronos’ potential growth and long-term growth story. With its well-rounded portfolio covering recreational cannabis in Canada and wellness products in Israel, the firm covers all its bases. Bitfarms ( BITF ) Concept art of crypto mining with little figuring and a Bitcoin token. Source: Shutterstock Bitfarms (NASDAQ: BITF ) shines as a potent contender in the crypto-verse, potentially multiplying five or tenfold if Bitcoin ascends to unprecedented highs. In May, the company bolstered its mining capacity by a significant 47% year-over-year to 5 exahash per second (EH/s), with plans to further expand to 6 EH/s by the third quarter. When paired with a Bitcoin rally, this capacity growth heralds a robust prospect of top and bottom-line growth alone with impressive free cash flows for this low-cost Bitcoin miner. Additionally, Bitfarms’ financial health is robust, with a reported liquidity buffer of $41 million as of the first quarter, having reduced its debt load by $140 million over the past 10 months. With its cost-effective mining operations and robust balance sheet, Bitfarms stands ready to make aggressive growth investments. If Bitcoin continues its upward trajectory, expect Bitfarms to respond with an assertive capacity expansion in 2024. Kinross Gold ( KGC ) Mining cart in a silver, copper, and gold mine representing VOXR Stock. Source: TTstudio / Shutterstock Kinross Gold (NYSE: KGC ) is one of the top, most undervalued gold mining plays, exiting the first quarter with a robust liquidity buffer of $1.7 billion and an operating cash flow of $259 million. This monetary muscle gives Kinross the ability to pursue aggressive long-term growth strategies. Moreover, with it trading at an enticing forward price-to-sales ratio of 1.48, KGC also offers a dividend yield of 2.47% , adding another feather to its golden cap. Furthermore, Kinross made the strategic decision last year to offload its Russian assets. The company will likely make acquisitions to bolster its reserves and production profile. Their current asset base guarantees steady production through 2025. Under the golden assumption of gold at $2,500 an ounce, Kinross is positioned to generate annual operating cash flows exceeding $1.5 billion. This hefty cash flow will pave the way for potential dividend growth. Li-Cycle Holdings ( LICY ) Lithium element on the periodic table. Undervalued Lithium Stocks Source: tunasalmon / Shutterstock Li-Cycle Holdings (NYSE: LICY )\xa0is an emerging player in the realm of lithium-ion battery resource recovery, which stands out with its unique offering and early-mover advantage in a sector brimming with long-term growth potential. The growing global market for EVs heralds an increase in battery materials feedstock, which is where Li-Cycle’s patented process comes into play. Li-Cycle boasts the technology to extract essential materials like cobalt, manganese, nickel, and copper from used batteries. This ingenious process fosters cost savings and reduces reliance on mining companies. With strategic locations, industry partnerships, and a more than $400 million cash reserve, Li-Cycle can see off the construction of its Rochester Hub facility for battery recycling. The addressable market for feedstock is massive, and market analyst BlueWeave expects the global lithium-ion battery recycling market size to grow at a robust\xa0growth rate of 14.2% , reaching a whopping $32.41 billion by 2029. Lumen Technologies ( LUMN ) A digital illustration of the telecom industry. Source: Shutterstock Embarking on a transformative journey, telecom operator Lumen Technologies (NYSE: LUMN ) is pivoting from its traditional landline services to the high-speed arena of fiber optics. Steered by a new CEO and a dedicated management team in 2023, this transition aims to offer superior connectivity through amplified fiber optics capabilities and investments in innovative architectures. Lumen has laid out an ambitious turnaround plan. It anticipates headwinds in sales and earnings until 2024 but is optimistic about growth from 2025 through 2027. The company intends to invest heavily over the next few years, expecting a surge in free cash flow to $300 to $500 million by 2027 . With Tipranks analysts projecting an impressive 328.64% upside to its current price, analysts are buying into its promising transformation story. Penny Stocks On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks. Read More:\xa0Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Very Undervalued Penny Stocks to Buy in June 2023 appeared first on InvestorPlace . View comments', 'Undervaluedpenny stocksto buy stand out as potential goldmines, ready to offer robust returns for audacious investors. Despite macroeconomic headwinds, the S&P 500 has shown resilience, trending higher by 13.8% year-to-date. Amid the market’s ups and downs, numerous growth and penny stocks have delivered relatively strong returns. Now, as\xa0we enter the second half of the year, it’s time to delve into the best penny stocks for June. These are the potential hidden gems brimming with long-term potential. From cheap penny stocks to those with the potential for high returns, these securities could easily double in the next 12 months.\nSource: Sundry Photography / Shutterstock.com\nEV charging operatorEVgo Inc.(NASDAQ:EVGO) recently saw its stock price tumble by double-digits following an announcement to offer $125 million of new stock shares.\xa0Despite this stumble, the company’s performance paints an optimistic picture.With a whopping 229% surge in sales year-over-year in the first quarter, In addition, EVgo is making meaningful strides, even as EBITDA losses cast a shadow on the stock price. Moreover, the company’s charging infrastructure is expanding.\xa0Beyond the numbers,EVgo is set to receive a $6.6 million subsidy from California, which will facilitate the deployment of chargers across the state. This, coupled with a bright revenue growth forecast for the year, signals a bright outlook for EVgo as we advance.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: VladSV / Shutterstock.com\nDiana Shipping(NYSE:DSX) is sailing ahead as a strong contender in the bustling sea of penny stocks. At the moment, it trades 42% lower than its 52-week high price. In addition, it offers a lucrative dividend yield of over 22.5%. Also, DSX’s core business, providing shipping transportation services through its fleet of dry bulk carriers, is thriving. As of the first quarter,it reported a near-full utilization of 99.4%across 42 vessels.\nThe firm’s first quarter showcased a 7.2% year-over-year revenue increase, reaching $72.6 million. Coupled with an attractive time charter equivalent rate of $18,503 against a daily vessel operating expense of $5,396, DSX has been cruising towards healthy operating cash flows.\xa0Moreover, the company has consistently reduced its liabilities, a trend set to boost its credit metrics and propel DSX stock even higher.\nSource: Shutterstock\nIn the budding landscape of cannabis penny stocks,Cronos(NASDAQ:CRON) is arguably one of the most compelling picks. With a cash war chest amounting to a whopping $836 million, a forthcoming committee vote on a marijuana bill could catalyze a positive uptick in CRON’s stock value, making it an enticing long-term prospect.\nCronos recently announced its departure from U.S. hemp-derived CBD operations to trim costs while maintaining financial agility effectively. This positions the company to re-enter the U.S. market when regulatory conditions are favorable. Additionally,Cronos is looking to achieve positive cash flows by 2024, and the promise of evidence-backed medicinal cannabis in the upcoming years adds another layer to Cronos’ potential growth and long-term growth story. With its well-rounded portfolio covering recreational cannabis in Canada and wellness products in Israel, the firm covers all its bases.\nSource: Shutterstock\nBitfarms(NASDAQ:BITF) shines as a potent contender in the crypto-verse, potentially multiplying five or tenfold if Bitcoin ascends to unprecedented highs. In May, the company bolstered itsmining capacity by a significant 47% year-ov Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $494,397,676,500 - Hash Rate: 398160232.4659646 - Transaction Count: 512202.0 - Unique Addresses: 765014.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Dubai, United Arab Emirates--(Newsfile Corp. - April 21, 2023) - LYOPAY, the company behind a range of crypto-friendly products, has unveiled its latest innovation -LYOPAY Pro. This revolutionary payment app allows users to easily transact with cryptocurrencies and fiat money in over 150 countries around the world. LYOPAYTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8902/163210_802b7e31b44c396e_001full.jpg The key aim of LYOPAY Pro is to empower individuals and businesses with greater financial freedom and global economic opportunities, regardless of their geographic location. LYOPAY Pro is built to provide users with a seamless payment experience that blends the traditional fiat currency system with the cutting-edge world of digital currency. This payment app opens the possibility of using cryptocurrencies and fiat currencies to a global audience. Mission LYOPAY Pro's mission is to promote the adoption of cryptocurrencies through the buying, selling, and transfer of digital currencies, giving people access to using crypto in their everyday lives. The app is equipped with a range of exclusive features, including digital payment services that are available 24/7. Thus the app also maintains a high level of transparency with its users, providing detailed information on all the fees and charges associated with its services. LYOPAY Pro allows for multi-fiat and multi-crypto transactions, and users can access sixIBAN accounts,each with unlimited balances. LYOPAY Pro also includes acrypto walletthat enables users to quickly and easily transfer funds between wallets and sell their crypto for traditional currencies. Services LYOPAY Pro supports different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tether, BAT, Paxos, USD Coin, and EOS. LYOPAY Pro is not only a payment app, but also a platform that offers various services to its users. The app also includes a range of travel and concierge services too; personalized travel experiences, access to exclusive events, and VIP airport services are some of the features LYOPAY provides. LYOPAY Pro also offers rewards and discounts when users make purchases using the app. LYOPAY Pro offers brandedphysical and virtual cards, including Explorer, Titan, Signature, and Excellence tier options. The Excellence card, the top-level option, is a solid gold card, delivered in an Italian handmade wooden box. Users can purchase unlimited virtual cards and top them up via Google Pay, Samsung Pay, and LYOPAY Pro fiat wallets. LYOPAY Pro allows easy money transfer and exchange with SEPA and SWIFT transfers and is compatible with USD, EUR, GBP, CNY, JPY, and PHP currencies. Explore LYOPAY Pro For more information about LYOPAY Pro, visithttps://lyopay.pro/. The app will soon be available on Apple Pay and Google Play. With LYOPAY Pro, individuals and businesses can become a part of the global economy and take advantage of new opportunities in the digital age.Media Contact: Contact Name: Nahid El OtmaniEmail:[email protected] To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/163210... - Reddit Posts (Sample): [['u/IHaventEvenGotADog', 'Moon Metrics (Moontrics) - Round 40', 37, '2023-06-16 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14afbzr/moon_metrics_moontrics_round_40/', "I love spreadsheets, graphs, data and crypto. So I've collected all the data posted in the Moon distribution .CSV files, made some sense of it all in a spreadsheet, then made us some graphs.\n\n# Total Karma\n\nhttps://preview.redd.it/k75bigez996b1.png?width=1413&format=png&auto=webp&v=enabled&s=13ee0e16a78f3f857ea571fdd60a867cda13c407\n\nThe Sum of all the karma per round\n\nA 13% decrease since the last round. I've added the average BTC price for the 28 day Moon round to this graph as the total karma has seemed to move up and down in line with its price. I've done other analysis posts that show we get activity spikes when BTC fluctuates, with the most happening during dips as it seems that misery likes company.\n\nThe spike at round 33 was probably from all the FTX bullshit and the 700 news link posts about it every hour.\n\n# The ratio of Moons to karma\n\nhttps://preview.redd.it/lo458ap1a96b1.png?width=1413&format=png&auto=webp&v=enabled&s=f122d2af49255045f259082828f52e812ee0c10d\n\nThe all important Moon to karma ratio. Multiply this number by your karma score to determine how many Moons you receive for each round. (Round 12 - 0.88 [Never Forget](https://www.reddit.com/r/CryptoCurrency/comments/mvzv9v/anyone_remember_that_time_last_week_when_the_moon/))\n\nRound 36 spike was caused by the reintroduction of a shitload of burned Moons from the testnet bridge closing\n\nThe ratio will naturally decline over time as the Moons released per round reduce by 2.5%.\n\nWith 2 days of a closed subreddit and 3rd party apps getting fucked over a week before the end of round 41, then there's a very good chance we get a ratio over 1.0 next round.\n\n# Number of users on .CSV\n\nhttps://preview.redd.it/cpspanw9a96b1.png?width=1422&format=png&auto=webp&v=enabled&s=b779a29d544600efa2a5969d3c5ce6cf239f62b4\n\nThis shows the number of users who earned karma for each round. The lower orange line is users with an active vault at the time the .CSV was published.\n\nThe number of users with vaults at the time of publishing the data overall averages around 60%. This doesn't indicate that only 60% of the users claim their Moons though as you have 6 months from the distribution to open your vault and claim them.\n\n# % of users with a vault\n\nhttps://preview.redd.it/mmqsv3gba96b1.png?width=1396&format=png&auto=webp&v=enabled&s=84401057e0edbdfb3185f15d6a26392f5124b6e7\n\nThe spike from round 28 to 29 was caused by the implementation of CCIP 031 which removed vaultless users with less than 10 karma from the .csv\n\n# Average Moons per user & Median Moons per user\n\nhttps://preview.redd.it/61xh1ctda96b1.png?width=914&format=png&auto=webp&v=enabled&s=4987217556b82ae7256a00266ceb872315e7c574\n\nhttps://preview.redd.it/se6xhh4ea96b1.png?width=914&format=png&auto=webp&v=enabled&s=ff07b96fc3d233aef729b0a3fa5625a7479730ee\n\nThe increase in average and median from round 28 to 29 was also caused by the implementation of CCIP 031.\n\nThe average Moons earnt per user takes into account a lot of factors: number of users, Moon to karma ratio and the reduction in Moons being released per round.\n\n# Moons Market Cap Rank\n\nhttps://preview.redd.it/op6tljeja96b1.png?width=1993&format=png&auto=webp&v=enabled&s=c1015fdd3970868ae0e9c2dd09a004f44b6bec52\n\nThe recent drop was from a non vault address selling [445k Moons in one transaction on Sushiswap](https://nova.arbiscan.io/tx/0x101b8d99c7c220e5c00446e7797a76524d9b65fda8a0919cb6910d1c7fb2a403). They prolly lost like 30% to slippage. ^(REKT)\n\n# Enough graphs, show me the spreadsheet\n\nhttps://preview.redd.it/dzymx5t7b96b1.png?width=1097&format=png&auto=webp&v=enabled&s=8597e9a9a01d6b9fcbefbf1ac2ac6e7b30e35393\n\nhttps://preview.redd.it/nqzhujoab96b1.png?width=1096&format=png&auto=webp&v=enabled&s=a793177e99c37fb9f0118afbcfb271d3eff268d2\n\n(The dates are a day ahead than most of you as I live in the future in UTC+13)\n\nI asked the admins to check what dafuq was up with not many Moons being reintroduced. Then I figured out it was probably because the address that burns on behalf of membership buyers paying in $$ ran out of Moons. Apparently they have an alert on the address which failed. So they topped it up with 500k Moons. That will last like 6 months max lol.\n\nPrevious rounds are here:\n\n[I've been posting these since Round 14 - You can find them here if you're bothered.](https://www.reddit.com/r/CryptoCurrency/search/?q=%22moon%20metrics%22%20author%3AIHaventEvenGotADog&restrict_sr=1&sr_nsfw=&sort=new)\n\nTL;DR Karma goes down, ratio goes up, 1 Moon = 1 Moon, I fucking love spreadsheets.", 'https://www.reddit.com/r/CryptoCurrency/comments/14afbzr/moon_metrics_moontrics_round_40/', '14afbzr', [['u/Tasigur1', 15, '2023-06-16 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14afbzr/moon_metrics_moontrics_round_40/joa6xzl/', 'I call it right now, next month the ratio will be between 0.92 and 1.02 💪', '14afbzr']]], ['u/crua9', "So I found out I've been shadow ban from Ledger. I think it is because I spoke common sense", 10, '2023-06-16 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14ag0oe/so_i_found_out_ive_been_shadow_ban_from_ledger_i/', 'So I had a feeling I\'ve been shadow ban after the huff from when they got caught actually preventing post from showing. (The reason why I follow it still is because I\'m still transferring stuff and likely will be until the start of next month. I want to keep an eye out for anymore crap where I need to rush moving things)\n\n\n\nAnyways, I seen a post where someone was trying to use swaps to switch their stETH to ETH, and I said\n\nhttps://preview.redd.it/6lk4246oe96b1.png?width=636&format=png&auto=webp&v=enabled&s=a0af60a2bf1a87ed052ce75de0c58e3a38c734cd\n\nSwitching to a private window shows\n\nhttps://preview.redd.it/vu1lw8dre96b1.png?width=469&format=png&auto=webp&v=enabled&s=bf714fb06242defece8c86bb65d24758f2d5e7b8\n\n\n\nIf I had to guess, the reason why I was shadow ban is because\n\n[https://np.reddit.com/r/CryptoCurrency/comments/146alh7/it\\_looks\\_like\\_ledger\\_is\\_deleting\\_post\\_asking\\_for/](https://np.reddit.com/r/CryptoCurrency/comments/146alh7/it_looks_like_ledger_is_deleting_post_asking_for/)\n\nOr I told the co-founder u/btchip this when he tried to defend him not open sourcing the firmware yet and how Ledger is more "trusted" than others.\n\n\\_\\_\\_\\_\\_\\_\\_\n\nHere is where the problem really comes in today.\n\n\n\n1. Without the code open source it is a true trust me bro. What many are worried about is that tool which could allow for the private keys to leave their device, that is in the firmware. And there is no way to just not have that other than never update the firmware. Having it open source will allow us to quickly confirm opt in or not, if the code which allows for it is there or not. Or if the tools are added after you opt in.\n2. We still don\'t honestly know how your recovery system works during the opt in part. Like we are told 1 second it is an opt in, you need to sign a smart contract, etc. BUT the next second we are told you can\'t export the keys from the device. Unless if we are manually writing in the seed phrase in the new service. These 2 things conflict with each other.\n\n\n\nAnd what makes it worse for 2 is when someone actually does ask. We are told we don\'t know how a hardware wallet works, or we are giving a depth analysis on what wasn\'t even asked. I even asked this in a support email and got a detail description on the the thing being split or whatever. But it never answered how the service even gets the seed phrase.\n\n\n\nWhen I flat out asked does the seed phrase/master key get exported from the device or we have to manually put it in. I got another deep dive in what I didn\'t ask for. I never got the answer. And it seems like no one is getting an answer to this question.\n\n\n\nSo please answer that question. Does the master key get exported from the device itself? Or does the user have to manually put in the needed info?\n\n\n\nAnyways, It would go a long way if your company says firmly state if the tools which allows for the extracting of the private master key is within the firmware update or when does it go on the device. (note I will highly recommend to open source the firmware as soon as possible)\n\n\n\nOr better yet, that and show a detail video on how the new service works. Even more how the service gets the master key. Is it exported, or do you have to manually write in the seed phrase.\n\n\n\n\n\n[Evidence I actually did say that](https://preview.redd.it/zrkn6oe5g96b1.png?width=1407&format=png&auto=webp&v=enabled&s=c48c9485e46ff993f7114ec51cdc59907f257868)\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\n\n\nTLDR Ledger is pissed at me for exposing their crap or speaking a truth they don\'t want to hear.', 'https://www.reddit.com/r/CryptoCurrency/comments/14ag0oe/so_i_found_out_ive_been_shadow_ban_from_ledger_i/', '14ag0oe', [['u/kryptoNoob69420', 11, '2023-06-16 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14ag0oe/so_i_found_out_ive_been_shadow_ban_from_ledger_i/joa8ju7/', 'It was pretty sad to see the most successful hardware wallet manufacturer become greedy enough to give up the most important tenant of their product just to shovel $10 monthly subscriptions.\n\nTheir slimy attitude shows how arrogant their management is and how that arrogance has already started killing their company.', '14ag0oe']]], ['u/crazypostman21', 'Nano was on my mind today.', 53, '2023-06-16 01:46', 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/', "So I bought some. Makes me sad to see Nano slipping it's such a great coin! I have to say it was super easy my process is use strike to get BTC to kucoin, and then buy nano. Always easy experience with kucoin and had it in my wallet in just a few seconds after the withdrawal. \nOne question, I haven't opened my natrium in a while. Is it still the go-to mobile wallet? Is it still actively supported? I tried to change representatives but that didn't seem functional in the app? I plan on going down with the ship if nano doesn't make it, It's been nice serving with y'all 🫡", 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/', '14ahchn', [['u/AmbitiousPhilosopher', 13, '2023-06-16 01:56', 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/joafsm4/', 'Natrium is still the old safe choice. Nautilus is an upgrade worth a look, not sure about the security status of it, but seems legit.', '14ahchn'], ['u/FairKing', 10, '2023-06-16 08:27', 'https://www.reddit.com/r/nanocurrency/comments/14ahchn/nano_was_on_my_mind_today/jobkjg3/', "Nautilus is a good wallet. It is still in heavy development but looks promising and ready for production so far as I can see. I haven't had any issues with the latest version.", '14ahchn']]], ['u/ElectricalTell714', 'What to read after "The Bitcoin Standard" and "Mastering Bitcoin"?', 65, '2023-06-16 02:09', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/', "Been orange pilled by these books. Can't stop to read. What are your top books, besides these two?", 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/', '14ahugj', [['u/Halo22B', 33, '2023-06-16 02:17', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/joaicq8/', 'Jeff Booth...price of tomorrow\nWhen money dies\nTake a look at mises.org for books by Mises and rothbard', '14ahugj'], ['u/itsybitsybtc', 22, '2023-06-16 02:40', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/joal1r9/', "Lately I have enjoyed Soft War, Jason Lowrey's controversial thesis, along with A Progressive Case for Bitcoin by Jason Maier, and GiGi's 21 lessons is always a good short read. \n\nI think my top Bitcoin books overall are Price of Tomorrow, Bitcoin Standard (minus some of Saifedeen's extremely shitty takes on the modern world), The Internet of Money series by Andreas, and The Blocksize War. \n\nBut there is one book that I keep coming back to that I think is maybe the best of all, The Book of Satoshi. It's just a collection of emails and discourse from the very early days of Bitcoin's development. You can read every single book about Bitcoin, and I have, but there is something so very special about these published emails and forums posts. \n\nIt's such a raw look at the sincerity and integrity in Bitcoin's early work. The debate, the challenges, the cautious enthusiasm... it's the one book that I always go to if I ever have any doubts. The effort Satoshi went to defend this little creation, and how earnest he was in wanting to improve it and see it succeed. If I could only ever bring one Bitcoin book with me it might be that one.", '14ahugj'], ['u/thisispedro4real', 13, '2023-06-16 06:03', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/job7zja/', 'the mandibles', '14ahugj'], ['u/ElderBlade', 12, '2023-06-16 08:30', 'https://www.reddit.com/r/Bitcoin/comments/14ahugj/what_to_read_after_the_bitcoin_standard_and/jobkrsx/', "Every well rounded Bitcoiner has read these 6 books:\n\n1. The Bitcoin Standard\n2. The Fiat Standard\n3. The Book of Satoshi\n4. The Price of Tomorrow\n5. The Blocksize Wars\n6. The Sovereign Individual\n\nYou should also read Satoshi's white paper at least once. \n\nOther things you should learn:\n- Bitcoin Privacy i.e. KYC vs Non-KYC, UTXOs, coin control, and coin join\n- Running your own node and connecting your hard wallet to it\n\nThe Sovereign Individual is kind of a dense read but it's arguably one of the most important books on that list. Written in 1997, it forecasts the future by analyzing the megapolitical factors that have determined the course of human history and examining the ramifications of information technology. It actually predicted Bitcoin and has a dedicated chapter to what it calls cybermoney. Saifadean also mentions it in the Bitcoin Standard.", '14ahugj']]], ['u/Jen-minkovich', 'Housing Protection for PA Medical Marijuana Program patients - HB 985 introduced to PA House Housing and Development Committee', 112, '2023-06-16 02:59', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/', 'Hi all,\n\nIt\'s Dr Jen Minkovich. As you all are likely aware, we have a problem with housing discrimination against tenants who participate in the PA Medical Marijuana Program. Earlier this week, Rep. Chris Rabb introduced HB985 to explicitly add housing protection to the language of Act 16. Specifically, the bills states, "No landlord may evict, threaten to evict or otherwise discriminate against a residential tenant for the lawful usage or possession of medical marijuana if the tenant is certified to use medical marijuana." You can read the full bill here: [HB985](https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=HTM&sessYr=2023&sessInd=0&billBody=H&billTyp=B&billNbr=0985&pn=1512). It\'s a short read, less than two pages.\n\nHB985 was introduced into (referred to) the PA House - Housing and Development Committee and I do not yet see a hearing scheduled for it in that committee.\n\nIf you want to voice your support for the bill, please contact the Chair of the Housing and Development Committee [Rep. Mike Sturla](https://www.pahouse.com/96/Contact/) and ask him to please include this important bill on next meeting\'s agenda. (The chair of each committee decides what bills will be heard in that committee and when.)\n\n\n\nFor additional general background info regarding the housing discrimination situation-\n\n\\-Here\'s an article from the Phila Inquirer from two years back that covers well the topic of [Can I be evicted for using medical marijuana?](https://www.inquirer.com/philly-tips/medical-marijuana-pennsylvania-tenant-rights-20210208.html) They interviewed Patrick Nightingale for the article, who you may have heard of, as he is a well-known PA defense attorney and expert on cannabis-related legal matters.\n\n\\-Here are the details of an interesting case specifically related to section 8 housing: [Navy vet on medical marijuana fights over subsidized housing](https://www.usatoday.com/story/news/nation/2020/02/29/medical-marijuana-user-denied-federal-housing/4911781002/), [Commonwealth Court Decides Cease v. Housing Authority](https://cannabislawpa.com/2021/02/27/commonwealth-court-decides-cease-v-housing-authority/), [Mary Cease and reefer sanity II](https://thehawkeyeonlinenews.wordpress.com/2021/09/23/mary-cease-and-reefer-sanity-ii/).\n\n\n\nThank you for reading. My very best regards,\n\n[Dr Jen Minkovich](https://www.mmjadvocatedoc.com/about-us)\n\nFounder- MMJ Advocate Doc', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/', '14aivko', [['u/truej42', 21, '2023-06-16 05:20', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/job3emy/', 'I think one thing people need to keep in mind is that you’re technically not supposed to be smoking it. I’ve literally talked to people with a medical card that had no idea that was a thing. Even if the rules are silly, in certain situations if you’re living in an apartment building or something where there are neighbors close by and are bothered by the smoke, and you continue to smoke anyway, that’s only going to continue to fuel the negative feelings and stereotypes they have toward marijuana and the people that use it. Vaping flower greatly reduces the smell and gets you higher anyway. Edibles are the best way to discreetly do it, but not everyone is affected the same by them. Just a few thoughts anyway, I do agree that people should never be evicted for something they’re legally possessing.', '14aivko'], ['u/truej42', 16, '2023-06-16 06:31', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/jobasvj/', 'Smoking it is not legal period. You just further proved my point, even after I said “technically not supposed to be smoking it”.', '14aivko'], ['u/Jen-minkovich', 13, '2023-06-16 14:58', 'https://www.reddit.com/r/PaMedicalMarijuana/comments/14aivko/housing_protection_for_pa_medical_marijuana/jocg8r6/', 'I agree - I have encountered many people over the years who do not know that in PA combustion is not legal under the law. (For all those who don\'t know here - Combustion of flower is illegal in PA. If you want to inhale your flower legally, you\'ll need to do so in a dry-herb vaporizer, aka flower vaporizer.) So yes, smoking is out regardless of where you live. However, I believe that landlords are not tolerant of dry-herb vaping nor oil vaping nor dabbing. I would wager that many landlords don\'t know the difference between combustion ("smoking") and vaping or dabbing.', '14aivko']]], ['u/AutoModerator', '[Daily Discussion] - Friday, June 16, 2023', 29, '2023-06-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/', '14amggr', [['u/Essexal', 10, '2023-06-16 07:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joberll/', 'Thankfully, I spent an extra 20 minutes looking at candles before bed last night. Got stopped out on the 2nd rip to 25.7. \n\nProbably dumb but I’m now short from 25.6. \n\nI’ve had one of my best trading weeks I can remember, time to not get too greedy.', '14amggr'], ['u/californiaschinken', 10, '2023-06-16 07:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobfel3/', 'Only one 100% right answer. DCA', '14amggr'], ['u/pgpwnd', 21, '2023-06-16 07:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobi6q6/', 'yes it is easy you just have to not be poor', '14amggr'], ['u/NLNico', 28, '2023-06-16 09:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobo1dc/', 'For the BlackRock ETF news, my initial reaction was to mostly dismiss it, as they have always rejected it AND the SEC just sued the custodian of this ETF (Coinbase) lol. However, it\'s interesting to see 2 ETF experts from Bloomberg ([EricBalchunas](https://twitter.com/EricBalchunas) & [JSeyff](https://twitter.com/JSeyff)) get quite exciting about this.\n\nReasoning seems: "world\'s biggest asset manager" and they probably know something. BlackRock would file it even if they estimate to have just (for example) [25% chance](https://twitter.com/JSeyff/status/1669458967678820358) of approval (but probably not if they thought it would fail.)\n\nSome random notes:\n\n- BlackRock funds have been trading in CME BTC futures since early 2021. Invested in several crypto companies. Offering crypto to institutional investors through Coinbase Prime and private trust since 2022. Etc. They are not new to bitcoin.\n- The last SEC rejection was just last Mar 10, 2023 for VanEck Bitcoin Trust. They rejected ARK 21Shares Bitcoin ETF on Jan 26, 2023.\n- ARK 21Shares Bitcoin ETF filed again at May 9, 2023 (lol)\n- Final decision (240 days - which they normally took) for ARK 21Shares Bitcoin ETF is 10 Jan 2024\n- Final decision for BlackRock\'s iShares Bitcoin Trust will be somewhere in Feb 2024\n- Perhaps [Grayscale\'s lawsuit](https://grayscale.com/gbtc-lawsuit/) against the SEC is relevant here too - final decision will be coming months', '14amggr'], ['u/PatientlyWaitingfy', 12, '2023-06-16 11:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobwx5k/', "If you have 15k to spare each month I'm pretty sure I wouldn't need to wait for the bullmarket to get excited..", '14amggr'], ['u/52576078', 11, '2023-06-16 11:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jobyk00/', 'Not an American but I have seen many comments over the years that Blackrock is the "power behind the throne" in the US with seemingly incredible influence in US politics.\n\nI seem to recall some people here saying that a spot ETF wasn\'t necessarily a good thing for Bitcoin though. I can\'t recall the arguments they made though, maybe others can?', '14amggr'], ['u/csquilly', 22, '2023-06-16 14:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocarik/', 'SEC is going to approve. That is why they quickly sued Coinbase and others to get the bad actors and coins out before the big boys come to the table.', '14amggr'], ['u/NLNico', 10, '2023-06-16 14:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocbtzg/', 'Like the biggest gold ETF, $GLD? ("SPDR Gold Trust")\n\nI think all the spot bitcoin ETF applications have been trusts, starting with "Winklevoss Bitcoin Trust". The word "trust" doesn\'t mean so much.\n\nGBTC is a closed-end fund, causing big premiums/discounts like the current 42% discount. A real ETF will allow creation and redemption of shares to allow arbitrage, causing it to trade towards it\'s real asset value of their holdings. Making it more interesting for investors.', '14amggr'], ['u/_supert_', 15, '2023-06-16 14:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocfr98/', "That's not as stupid as it sounds.", '14amggr'], ['u/dopeboyrico', 10, '2023-06-16 15:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocgw1o/', '>Final decision for BlackRock’s iShares Bitcoin Trust will be somewhere in Feb 2024\n\nFollowed by BTC’s fourth halving in April 2024 where BTC inflation rate will drop below 1%/year going forward. The next 2 years are going to be fun.', '14amggr'], ['u/dopeboyrico', 22, '2023-06-16 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocltsz/', 'BlackRock has filed for over 500 ETF’s over the years. Only 1 of them has ever been rejected and that was for a [non-transparent ETF](https://www.reuters.com/article/sec-etf-transparency-idUSL2N0SH1ZE20141022) which wasn’t going to disclose their holdings for months at a time whereas normally an ETF is required to disclose their holdings on a daily basis.', '14amggr'], ['u/Mahmoud_Imadinrjaket', 12, '2023-06-16 15:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocmajv/', "* BlackRock's record of getting ETF's approved by the SEC is 575-1", '14amggr'], ['u/whorunbartertown420', 10, '2023-06-16 17:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jocx2vm/', 'I\'m optimistic about the Blackrock news but is there any significance that the Blackrock "ETF" is actually called the iShares Bitcoin Trust? Is this offering going to be the same as the Greyscale Trust? If so, is the filing only important because it\'s Blackrock (who owns iShares)?', '14amggr'], ['u/diydude2', 12, '2023-06-16 17:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod4p3e/', 'Slightly off-topic but is anyone else getting 2008 vibes about the traditional financial system and stonks in particular? \n\nBack then it was Bear-Stearns being absorbed by JPM, followed by, "Everything\'s OK. Nothing to see here!" And the stonk rally rolled on.\n\nAny one of the three banks that failed a few months ago was bigger than BS. The stonk rally rolls on. \n\nIt just feels like the wheels are about to come off. What are the implications for Bitcoin? We crash along with everything else for a little while then come roaring back when everyone realizes that Bitcoin still works in the ashes of the coming meltdown.', '14amggr'], ['u/viralhysteria', 10, '2023-06-16 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod640b/', 'tick tock blackrock, we held 25.5 nearly on the dot like i hoped (apart from that crazy sweep earlier) but this would be a shameful spot to stall out \nhttps://pbs.twimg.com/media/FywZ6EaX0AEuwem?format=png&name=small \n\nthat sweep was yet another powerful testament to why i will not trade without avwap anymore \nhttps://i.imgur.com/bCbEnzM.png \n\nif we keep pushing i will be scraping up change to a buy a ticket for the train to froth town', '14amggr'], ['u/_supert_', 17, '2023-06-16 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod668o/', "Arthur's note\nhttps://cryptohayes.substack.com/p/fungible", '14amggr'], ['u/delgrey', 10, '2023-06-16 18:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod6wlx/', 'Its a trust in the same sense that $GLD is a trust.', '14amggr'], ['u/GenghisKhanSpermShot', 19, '2023-06-16 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod834r/', "[Update](https://www.reddit.com/r/BitcoinMarkets/comments/148xvkb/comment/jo5gz1o/?context=3): Currently leverage long [to the tits](https://www.tradingview.com/x/ILfzPA32/).\n\nEdit: If you're going to follow me just careful cuz we're at some [short-term resistance](https://www.tradingview.com/x/OyW8dSFO/), might not breakout right away but I think it's coming.", '14amggr'], ['u/guiseppi72', 10, '2023-06-16 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod8ojw/', 'I gave data dash a chance during this 31-> 25 dip but his latest video just seems so desperate. With this blackrock news and the risk-on atmosphere for stocks, I think the bulls are back in charge.', '14amggr'], ['u/anon-187101', 12, '2023-06-16 19:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jode85h/', "I gotta be honest\n\nthis news of Blackrock's $GLD-type bitcoin application is making me wanna smash-buy some BTC", '14amggr'], ['u/diydude2', 12, '2023-06-16 19:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodhhz7/', "Short-term, good -- they'll have to buy the underlying asset. \n\nLonger term, maybe not so good -- another instrument for tradFi to short.", '14amggr'], ['u/_supert_', 12, '2023-06-16 19:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodlx79/', "Came here to post about a tingling in my nuts that tells me we're going to melt up a long time and a long way, and I see [someone beat me to it](https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jod834r/). Not just in bitcoin.\n\nPost-rationalization: real rates rates approaching peak, deficits continue to stimulate blah blah. Raising rates will do as much to reduce inflation as zero rates did to ignite it. But really just monkey brain pattern recognition.", '14amggr'], ['u/gozunker', 10, '2023-06-16 20:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodpfp8/', 'I converted a bunch of Coin2 to BTC earlier this week at $25000 and I’m feeling really happy with that move.', '14amggr'], ['u/DaBrokenMeta', 10, '2023-06-16 21:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodum88/', 'Promised land delivery service. How is sentiment so fickle in this sub. We been chanting 25k; 25k hits, and everyone is scared XD\n\nwtf', '14amggr'], ['u/BootyPoppinPanda', 11, '2023-06-16 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/jodxdi0/', "I only listened to a little of this, but Pomp has some experts talking about the Blackrock thing. One dude thinks they're trying to stay in the race for the ETF maybe because they think Grayscale will win their suit. There is a race to get this thing launched first, or at least competitive timing. \n\n\nhttps://www.youtube.com/watch?v=CyWcmqD6ibM&ab\\_channel=AnthonyPompliano", '14amggr'], ['u/snek-jazz', 10, '2023-06-16 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe05qj/', "It was a crypto popularised by British indie band Blur in the late 90s\n\n> I got my head checked \n> By a Vitalik \n> It wasn't easy \n> But nothing is, no\n> \n> [Chorus] \n> (Coin 2!) When my seed is in metal \n> (Coin 2!) And I'm gas and I'm de-fi \n> (Coin 2!) Well, I stake and I'm easy \n> All of the time, but I'm never sure why I need DAO \n> Pleased to meet you", '14amggr'], ['u/BootyPoppinPanda', 18, '2023-06-16 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe08tv/', "I forgot youtube links are banned, so I'll just say there is a new Pompliano video that has some experts talking about the Blackrock thing. One dude thinks they're trying to stay in the race for the ETF because they think Grayscale will win their suit. There is a race to get this thing launched first, or at least competitive timing.", '14amggr'], ['u/BootyPoppinPanda', 16, '2023-06-16 21:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe0ex2/', "How do we know they didn't fill their bags already? Not being sarcastic", '14amggr'], ['u/AccidentalArbitrage', 13, '2023-06-16 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe39wg/', "Just saw your post below and approved it.\n\nAs long as it's relevant I'll gladly approve it, we just have that filter for spam, feel free to DM me directly or send modmail any time.", '14amggr'], ['u/FmgNRTJj', 11, '2023-06-16 22:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14amggr/daily_discussion_friday_june_16_2023/joe3msh/', 'eafeareeoom', '14amggr']]], ['u/jn92082', "What if we're right about BTC? You guys think about how our lives and families lives will change", 64, '2023-06-16 06:48', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/', 'I got into btc in 2020...i heard about it but never really knew how to get involved untill someone at work told me about it. I get that inflation is real and the cost of living is constantly going up especially in major cities like Chicago, NYC, san francisco etc. I know the us debt is unreal and fiat is dying and the world is changing, and i get why people are "opting" out of fiat....but the reality of this is we all dream about financial freedom and able to live the way we want thats why we are in btc. I make over 200k and im not free im actually more of a slave and sinking further in the sand. I dont want this fate for my next generation...thats why i tried btc...if i got in in 2010 I\'d be rich already but what about people like me who got in 10 years later? Is it possible? Will 1 btc be 10 million? 50 million? 100 million? Will 0.01 btc give you financial freedom? What do you guys really think? 20 years from now will i be sitting on a beach somewhere with the people closest to me without a worry or am i dreaming?', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/', '14andca', [['u/bigoldbert23', 15, '2023-06-16 07:13', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobejmj/', "I have no doubt in the future of bitcoin, but my timeline is a long one. I stack primarily for my kids as I doubt I'll see hyper bitcoinisation in my lifetime. We are still VERY early.\n\nStay humble, stack sats and keep learning.", '14andca'], ['u/CPhaze', 97, '2023-06-16 07:32', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobg4yr/', "If we don't properly prepare our keys and our descendants, our coins will become part of the deflationary aspect of BTC.", '14andca'], ['u/itsybitsybtc', 16, '2023-06-16 08:00', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobifcd/', 'Bitcoin isn’t here to make people rich, its here to free people from being poor. You’re not going to outrun the global economy because you buy into bitcoin now, but at least your future won’t be stolen from you.', '14andca'], ['u/HaveRewengey', 11, '2023-06-16 08:31', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobkul8/', "I think whatever happens, it's good to plan for it. We often dream of becoming wealthy, but we don't really know what it's like until we get there. There's a reason a lot of people who become wealthy lose it, unless they have a plan. \n\nI'd say start now.....connect with your passions, enjoy life, enjoy the people around you, and the wealth will be the cherry on top rather than the thing that allows for a good life (although I understand those below the poverty line can't exactly do this, and of course there is a certain amount of money that makes a huge difference.....but it is diminishing).\n\nWhat do I dream of.....thinking less about money. The day when BTC is boring, and I'm still enjoying and valuing the things I do today. I want to be that person now, wealth will just make certain things easier.", '14andca'], ['u/bigoldbert23', 16, '2023-06-16 08:42', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/joblq7l/', 'As old as my toungue and a little older than my teeth.', '14andca'], ['u/bigoldbert23', 11, '2023-06-16 09:01', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobn5b8/', 'Cory from Swan Bitcoin wrote an article on this, can’t remember exactly when/where (probably Twitter), and it resonated with me a lot. Basic thrust of it was we are a very long way away from bitcoin becoming anything like a global currency with adoption a common thing, and by that I mean adoption over the USD by nation states. Currently I believe we are at the “they fight you” stage. Look at what the SEC is doing, and how banks like Silvergate who were one of the major banks used by bitcoin companies (along with Prime Trust) went down. All over there are attacks - Apple trying to remove Damus from APP store, Swan Youtube channel being taken down etc are 2 in the last few days alone. And these are just in the US. Europe seems to be trying to outlaw POW mining on phoney ESG terms. China already banned it (although does seem to be coming back with recent ruling on HK). \n\nSo firstly, we need to win this fight. We will, of that I am sure. The decentralised nature of bitcoin means it is nigh on impossible to stop. And then there needs to be an even greater collapse of the status quo in the fiat system. Things look bad now, but it will take a lot more pain before most people realise what’s causing all the economic chaos and start to consider a viable alternative. Bitcoin is clearly that alternative, but looking at who’s in charge atm, can you really see them adopting a bitcoin standard? I can’t. So maybe 1 or 2 generations down the line we can look forward to a huge change. Once the children of today are running things, who know nothing but an internet connected world and are open to new ideas. Their children (who I have faith in will be earning, spending and saving in sats) will usher in a golden age of opportunity under a bitcoin standard.', '14andca'], ['u/forgotmypassword4714', 10, '2023-06-16 09:05', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobndu0/', "^This. Some people really like to act like they're above thinking about money in this sub. It's nice and even noble to be in it purely for the technology and to support an alternative to banking fiat but the possibility of it also being a good financial investment is also very real at the same time. Maybe they're just trying to abide by the subreddit's rules though, I don't know.", '14andca'], ['u/direktor4eto', 24, '2023-06-16 09:30', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobp7dp/', "This is some serious facts here, that I'm sure most of us ignore...", '14andca'], ['u/SMK_12', 50, '2023-06-16 10:33', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobtl7p/', 'I mean dude depending on your age if you’re making $200K+ and financially responsible you should be able to save and invest even with out Bitcoin and do well for yourself and your future family. I live in NYC making a little bit less than $200K and while I’m not “rich” by any means, I can save and invest and reasonably have expectations to live a good life and retire at a good age. If you’re making $200k and don’t feel financially secure and look at Bitcoin as your salvation you’re doing something wrong', '14andca'], ['u/dunc2k', 11, '2023-06-16 11:02', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobvjuk/', 'Coins that are permanently locked or lost are effectively removed from the total supply', '14andca'], ['u/iammasvidal', 58, '2023-06-16 11:52', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/jobyxwp/', '200k a year and you need to rely on bitcoin to have a good life down the road. Definitely doing something wrong', '14andca'], ['u/santerv666', 10, '2023-06-16 13:31', 'https://www.reddit.com/r/Bitcoin/comments/14andca/what_if_were_right_about_btc_you_guys_think_about/joc71y2/', 'Cant snort BTC tho lol', '14andca']]], ['u/rBitcoinMod', 'Daily Discussion, June 16, 2023', 43, '2023-06-16 08:02', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/149vjsp/lightning_thursday_june_15_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/', '14aoozi', [['u/StockAd229', 13, '2023-06-16 12:35', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/joc27hi/', 'Don’t be a pussy and buy some BTC', '14aoozi'], ['u/bobbytabl3s', 13, '2023-06-16 13:33', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/joc797s/', 'inb4 SEC approves the Bitcoin ETF and sues BlackRock for operating a Bitcoin ETF', '14aoozi'], ['u/BitcoinMoonLanding', 12, '2023-06-16 16:55', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/jocvgyt/', 'Buy more bitcoin you fuckers.', '14aoozi'], ['u/Bad_Camel', 10, '2023-06-16 18:04', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/jod5c3a/', "It doesn't work like that. The current market cap is not equal to how many usd is invested in Bitcoin. It's just the amount of units x the last price at which a unit changed hands.\n\n205 billion usd at current prices equals 8 million bitcoin. But you can't just decide to buy 8 million bitcoin without moving the price. IF they would buy on the open market, market cap would go way higher as available supply would dwindle fast.\n\nThis could however be an attack vector against Bitcoin, they could hold paper bitcoin and hence suppress the price. We should therefore all promote self custody, which is the whole point of Bitcoin. Iso making bankers rich and powerful, we should hold our own keys and run our own node.\n\nFuck the bankers, don't buy their paper!", '14aoozi'], ['u/SkepticalDreams', 10, '2023-06-16 19:47', 'https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/jodk8gd/', 'Great to see Bitcoin dominance rising! After the SEC is done with all the shit coins, it will be much closer to where it should be.', '14aoozi']]], ['u/WooDance8799', 'Celsius has just proposed converting all altcoin holdings into Bitcoin (BTC) and Ethereum (ETH) because of concerns that altcoins will fluctuate too much, which will reduce the value of assets.', 75, '2023-06-16 09:18', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/', "Under the revised plan, Celsius will sell all altcoins held by customers, excluding “custodial accounts and holding accounts”, into BTC and ETH starting July 1, 2023.\n\nAccording to An Ape's Prologue, the number of altcoins Celsius is holding includes native tokens of the CEL platform, Polygon (MATIC), Cardano (ADA), Chainlink (LINK) and RoboInu(RBIF). Total value is up to 215 million USD.\n\n\n\nhttps://preview.redd.it/65287yrnae6b1.png?width=757&format=png&auto=webp&v=enabled&s=5f1d1199b9ab299dbb852abbe4f2b3731b5ebc6b\n\nhttps://preview.redd.it/txaa2psdzb6b1.png?width=743&format=png&auto=webp&v=enabled&s=7e08c4873f4b0637075b982ccd2599cc7cbacbf1", 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/', '14aq13e', [['u/cheesomacitis', 46, '2023-06-16 10:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobrg1h/', 'They sure picked an uncannily shitty time to do this, didn’t they… when BTC & ETH dominance are the highest in years relative to the rest of the market.', '14aq13e'], ['u/Expert77777777', 16, '2023-06-16 10:29', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobtb29/', 'Stupid timing, so object and block it. The Fahrenheit plan is dead due to no borrower deal, so this will drag onto next bull market next year anyway. In bull market alts outperform BTC so better to delay to then.', '14aq13e'], ['u/Ok_Software7056', 32, '2023-06-16 10:42', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobu7kv/', 'It will keep going higher, so better now than later', '14aq13e'], ['u/rjm101', 32, '2023-06-16 10:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/jobuwr6/', 'Perfectly shitty timing to push for that now. They had a whole year.', '14aq13e'], ['u/slash0v', 11, '2023-06-16 12:25', 'https://www.reddit.com/r/CelsiusNetwork/comments/14aq13e/celsius_has_just_proposed_converting_all_altcoin/joc1fha/', 'What about stablecoins? \nI had only USDC here.', '14aq13e']]], ['u/HUNG3E', 'My dad refused to buy 9 Y/O me $10 in Bitcoin... In 2010', 638, '2023-06-16 09:18', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/', "I bring this up every now and then as a joke now but I sometimes think about what life would be like if things went different.\n\nIn 2010, when I was 9 years old, I saw a YouTube video talking about Bitcoin and how crypto currency could be the next big thing in security and privacy and what not. I thought it was cool and asked my dad to buy me like $10 worth for my birthday.\n\nThat would be about 20 or so bitcoins.\n\nWell he thought it was stupid and a scam so he refused and I missed out on having nearly $1 million.\n\nI know there's no way he could've known what would happen, and I didn't either, and I probably would've seen it increase to a couple thousand and sold out, still being disappointed today about missing out, but it's a fun story to bring up every now and then and joke about. We also joke because my dad wouldn't drive my grandmother to the store to buy her lottery ticket the day the numbers she always used were picked for like a $50 thousand jackpot😂😂.\n\nThanks for reading, just wanted to tell this story somewhere", 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/', '14aq1cy', [['u/BackflipsAway', 469, '2023-06-16 10:34', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/jobtns4/', "I mean let's be honest, you would have probably sold them when they were worth a couple hundred bucks and bought like an Xbox, or a bike or whatever you were into back then, no one could've predicted how much the value of Bitcoin would climb and people at around that age aren't exactly known for their good financial habits", '14aq1cy'], ['u/uncle_sjohie', 10, '2023-06-16 10:42', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/jobu64o/', "If my auntie had balls, she'd be my uncle. The same could be said for buying say stock in Tesla at $1,75 back in 2011.", '14aq1cy'], ['u/ScaredOfAttention', 29, '2023-06-16 12:10', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc0ar5/', 'You would tell your dad to sell them when they havent even hit 2x. So you lost about 10 dollars not millions.', '14aq1cy'], ['u/leakmydata', 14, '2023-06-16 12:32', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc1ybs/', 'Your dad is right that they are stupid and a scam.', '14aq1cy'], ['u/KingGuy420', 19, '2023-06-16 13:09', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc53mh/', 'I remember reading an article about it when it was 3$ and I was gonna buy some. I went and bought a prepaid credit card with like 350$ on it, was gonna buy 100.\n\nThen my buddy just burst out laughing and was like "You will never see that money again. Hey I got some land I wanna sell ya in Florida hahaha"\n\nHe gave me second thoughts and I decided not too. I can\'t even see that friend now without seething about the $ he cost me >.<', '14aq1cy'], ['u/dumbpaulbearer', 131, '2023-06-16 13:39', 'https://www.reddit.com/r/RandomThoughts/comments/14aq1cy/my_dad_refused_to_buy_9_yo_me_10_in_bitcoin_in/joc7uju/', 'Or lost access to them which seems to be how most of these stories of great bitcoin wealth from the early days end.', '14aq1cy'], ['u/THi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['This first-person account of a cryptocurrency hack was verified by Forkast. The writer requested not to be identified due to repeated phishing attacks. First, let me tell you about the cockroaches. The worst holiday I ever had started in Thailand, Phuket Island to be exact, more than two decades ago. I’d rented a motorbike, wasn’t paying attention, skidded on a patch of loose gravel — broke a collarbone and gashed up most of my left arm. A doctor on the island dressed the scrapes and cuts, put me in a sling, but I didn’t need him to tell me the next week of what was a scuba diving holiday wouldn’t involve any time underwater. Still, I was traveling alone and had rented a bungalow on a beach at a nearby island for the next leg and decided I’d go there anyway and rest up. The bungalow was basic, electricity fed from a garden generator, which was temperamental, said the lady at the reception hut, assuring me when the power went off, it would (eventually) come back on. Sure enough, that night the power went out while I was reading in the room, so I dug out a dive flashlight. The Phuket doctor had told me to change the dressing on the gashed arm and also give the cuts time to breathe, so on the second night I took off the dressing, washed the gashes, put the sling back on and went to sleep planning to dress the injury again in the morning. I woke up in the dark and realized something was moving and rustling under the bed sheet on my left side. I reached for the bedside light, but the power was out. I groped for the flashlight on the side table, turned it on, peeled back the bedsheet and saw a swarm of cockroaches feasting on my scraped and bloodied arm. I reacted like I assume most people would by shouting something unprintable, jumping up and swiping and swatting at the arm. In the flashlight, roaches ran across the bed and careened across the floor. I spent the rest of the night in a chair by the door, dog-tired but sweeping the floor with the light every now and then to pick out roaches zipping across the room — whacking whatever came near with the sheet I pulled from the bed. The power never did come back, but when the sun eventually came up, I checked out. Story continues In May this year — just two days before the worst birthday I ever had — two Bitcoin and a little more than two Ether I had spent about four years accumulating was stolen from a\xa0cold wallet through a phishing attack. Several more phishing emails and phone calls followed over the next several days. Sitting at home and shell shocked I found myself remembering that night in Thailand. Then the penny dropped: Hackers are like cockroaches. Once you are targeted, they stay in the dark, but come after you in swarms. I wrote this account to try and put down observations of how these hackers came at me and how I reacted (badly) to hopefully provide some red flag reminders for others. I claim no particular expertise in blockchain or cryptocurrency, but we all know the behavior of cockroaches. After the collapse of the FTX crypto exchange last November I did what a lot of investors did and moved tokens into a cold wallet, in my case a Trezor. I also advised my daughter to move her Bitcoin being saved for university fees to my Trezor, thinking it would be safer. After that, I didn’t really do anything with it — except to occasionally think how weird it was to have thousands of dollars sitting in a desk drawer. (Is this what financial freedom looks like? Should I put it in a bank safe deposit box?) But in December last year, I pulled the Trezor out to explore other functions and in the process, the crypto disappeared. That was freaky, but I messaged support at Satoshi Labs, the Trezor maker, with screenshots and they emailed back after a few days to walk me through what to do. This is the email from Satoshi Labs. Screenshot of SatoshiLabs’ customer service email. Image: provided Apparently I had moved the tokens into a hidden wallet. After a reset, the missing crypto funds appeared again. I didn’t take this further, though being told by Trezor support they had “never seen wallet window” like in the screenshot I sent was troubling. I didn’t touch the Trezor for months after that, though I still had the occasional niggles about the crypto laying around as Bitcoin’s price jumped from the start of the year. Here is the phishing mail that arrived in my inbox in mid-May. It was sent to the email I used for Trezor communications, had the Trezor logo at the top, even seemed to mimic some of the lowercase lettering from Satoshi Labs. And while it has a new ticket ID, it referenced the “missing funds” which was the topic of my mail to Trezor in December. Screenshot of the phishing email received by the victim. Image: provided The email arrived in the evening. I was tired, distracted, doing four things at once online. I looked at it, saw the reference to the missing funds, remembered I hadn’t opened the Trezor since the Ethereum hard fork, and did the thing we know to never, never do, clicked the link and it opened what looked like the Trezor site, I entered the seed phrase. I then watched in disbelief as the crypto was pumped out. Beside loss of assets, theft is an act of psychological violence that leaves you in deep shock and in that state you become disoriented and in denial about what has happened. In other words, you are desperate and vulnerable, and a prime target for a second hack. (Binance has a link on that which I wish I’d seen at the time: How Not to Fall for a Scam Twice ) You also feel enormously stupid. Yes, “even monkeys fall from trees” but I imagine that the monkeys feel pretty stupid, too. I immediately messaged Trezor support in a panic, but the response was to expect a response in three days, not that they could have done anything. I went on Telegram — for reasons I still don’t understand other than desperation — seeking help and advice. One Telegram user was sympathetic and offered to help, wanted the transfer IDs for the hack and then asked for the seed phrase for another wallet I had, proposing to get back the stolen crypto and transfer it there. Of course, it was another cockroach (or maybe the same one) but I was in the state of wanting to believe there was help from the crypto community and that there was a way to get the stolen crypto back. As a result, I almost got taken a second time. (Telegram seems to host whole nests of these roaches. I messaged Telegram at [email protected] to flag this hacker and never heard back from them. Trezor later confirmed they do not have any support groups on Telegram. Neither does Binance.) I continued looking online for other help and found a cybersecurity company that claimed to have teams of ethical hackers that can track and expose online thieves to law enforcement and then get the crypto back. Problem with those services is they want thousands of dollars upfront and, of course, there is no guarantee of any success. (See above on being in shock, vulnerable and getting scammed twice.) Using the transaction IDs for the hack, I could see the cockroach’s wallet and that it had interacted with a Binance wallet. I got online with Binance support, gave them the transaction IDs to ask if they could freeze the wallet. They checked and were very helpful, but it wasn’t a Binance wallet and they could do nothing. However, I did follow Binance support’s advice not to pay thousands of dollars up front to companies offering to get the crypto back. The only real option is file a report to law enforcement — search Google, “Report a Cyber Crime + (Your country)” — and hope. More phishing attacks followed. I received an automated voicemail telling me I needed to call the Singapore immigration department immediately at a U.S. area code number because my details were inaccurate. I don’t live in either country. In early June, I noticed a story online detailing the huge extent of the cryptocurrency hacking and theft that took place in May alone. Beside the major hacks of exchanges that result in millions of dollars of losses spread across thousands of individuals, the story says hackers are shifting their attention to ordinary users. So how many more hundreds or thousands of individuals are being targeted and ripped off every day in other scams? Are the roaches at the gates? Along with the financial devastation, one of the other damaging aspects of being hacked is blaming it on blockchain and cryptocurrencies per se. Confusing the technology, and its potential, with the thieves who exploit it. Because of the transparency of transactions, I can track where the crypto stolen from my Trezor is, but it’s problematic to keep looking because it’s difficult to not see a cockroach with a grin staring back. Phishing attacks on Trezor users are nothing new as the company’s customer emails were hacked in April last year and Trezor put out warnings about it. Because of widespread and ever more sophisticated phishing attacks, some crypto platforms have introduced specific codes for customers – usually a set of numbers chosen by the customer – so any email that arrives claiming to be from the company but lacks the code can be immediately identified as fake. I think it would be a good idea for Satoshi Labs and other exchanges and platforms to adopt that policy to better protect customers. However, the bottom line is I did the thing Satoshi Labs warns over and over again to never do: Punch a seed phrase into a computer. I’ve rebooted the Trezor to start rebuilding again, but I’m also looking at other storage options. We cannot let the roaches win.', 'This first-person account of a cryptocurrency hack was verified by Forkast. The writer requested not to be identified due to repeated phishing attacks. First, let me tell you about the cockroaches. The worst holiday I ever had started in Thailand, Phuket Island to be exact, more than two decades ago. I’d rented a motorbike, wasn’t paying attention, skidded on a patch of loose gravel — broke a collarbone and gashed up most of my left arm. A doctor on the island dressed the scrapes and cuts, put me in a sling, but I didn’t need him to tell me the next week of what was a scuba diving holiday wouldn’t involve any time underwater. Still, I was traveling alone and had rented a bungalow on a beach at a nearby island for the next leg and decided I’d go there anyway and rest up. The bungalow was basic, electricity fed from a garden generator, which was temperamental, said the lady at the reception hut, assuring me when the power went off, it would (eventually) come back on. Sure enough, that night the power went out while I was reading in the room, so I dug out a dive flashlight. The Phuket doctor had told me to change the dressing on the gashed arm and also give the cuts time to breathe, so on the second night I took off the dressing, washed the gashes, put the sling back on and went to sleep planning to dress the injury again in the morning. I woke up in the dark and realized something was moving and rustling under the bed sheet on my left side. I reached for the bedside light, but the power was out. I groped for the flashlight on the side table, turned it on, peeled back the bedsheet and saw a swarm of cockroaches feasting on my scraped and bloodied arm. I reacted like I assume most people would by shouting something unprintable, jumping up and swiping and swatting at the arm. In the flashlight, roaches ran across the bed and careened across the floor. I spent the rest of the night in a chair by the door, dog-tired but sweeping the floor with the light every now and then to pick out roaches zipping across the room — whacking whatever came near with the sheet I pulled from the bed. The power never did come back, but when the sun eventually came up, I checked out. Story continues In May this year — just two days before the worst birthday I ever had — two Bitcoin and a little more than two Ether I had spent about four years accumulating was stolen from a\xa0cold wallet through a phishing attack. Several more phishing emails and phone calls followed over the next several days. Sitting at home and shell shocked I found myself remembering that night in Thailand. Then the penny dropped: Hackers are like cockroaches. Once you are targeted, they stay in the dark, but come after you in swarms. I wrote this account to try and put down observations of how these hackers came at me and how I reacted (badly) to hopefully provide some red flag reminders for others. I claim no particular expertise in blockchain or cryptocurrency, but we all know the behavior of cockroaches. After the collapse of the FTX crypto exchange last November I did what a lot of investors did and moved tokens into a cold wallet, in my case a Trezor. I also advised my daughter to move her Bitcoin being saved for university fees to my Trezor, thinking it would be safer. After that, I didn’t really do anything with it — except to occasionally think how weird it was to have thousands of dollars sitting in a desk drawer. (Is this what financial freedom looks like? Should I put it in a bank safe deposit box?) But in December last year, I pulled the Trezor out to explore other functions and in the process, the crypto disappeared. That was freaky, but I messaged support at Satoshi Labs, the Trezor maker, with screenshots and they emailed back after a few days to walk me through what to do. This is the email from Satoshi Labs. Screenshot of SatoshiLabs’ customer service email. Image: provided Apparently I had moved the tokens into a hidden wallet. After a reset, the missing crypto funds appeared again. I didn’t take this further, though being told by Trezor support they had “never seen wallet window” like in the screenshot I sent was troubling. I didn’t touch the Trezor for months after that, though I still had the occasional niggles about the crypto laying around as Bitcoin’s price jumped from the start of the year. Here is the phishing mail that arrived in my inbox in mid-May. It was sent to the email I used for Trezor communications, had the Trezor logo at the top, even seemed to mimic some of the lowercase lettering from Satoshi Labs. And while it has a new ticket ID, it referenced the “missing funds” which was the topic of my mail to Trezor in December. Screenshot of the phishing email received by the victim. Image: provided The email arrived in the evening. I was tired, distracted, doing four things at once online. I looked at it, saw the reference to the missing funds, remembered I hadn’t opened the Trezor since the Ethereum hard fork, and did the thing we know to never, never do, clicked the link and it opened what looked like the Trezor site, I entered the seed phrase. I then watched in disbelief as the crypto was pumped out. Beside loss of assets, theft is an act of psychological violence that leaves you in deep shock and in that state you become disoriented and in denial about what has happened. In other words, you are desperate and vulnerable, and a prime target for a second hack. (Binance has a link on that which I wish I’d seen at the time: How Not to Fall for a Scam Twice ) You also feel enormously stupid. Yes, “even monkeys fall from trees” but I imagine that the monkeys feel pretty stupid, too. I immediately messaged Trezor support in a panic, but the response was to expect a response in three days, not that they could have done anything. I went on Telegram — for reasons I still don’t understand other than desperation — seeking help and advice. One Telegram user was sympathetic and offered to help, wanted the transfer IDs for the hack and then asked for the seed phrase for another wallet I had, proposing to get back the stolen crypto and transfer it there. Of course, it was another cockroach (or maybe the same one) but I was in the state of wanting to believe there was help from the crypto community and that there was a way to get the stolen crypto back. As a result, I almost got taken a second time. (Telegram seems to host whole nests of these roaches. I messaged Telegram at [email protected] to flag this hacker and never heard back from them. Trezor later confirmed they do not have any support groups on Telegram. Neither does Binance.) I continued looking online for other help and found a cybersecurity company that claimed to have teams of ethical hackers that can track and expose online thieves to law enforcement and then get the crypto back. Problem with those services is they want thousands of dollars upfront and, of course, there is no guarantee of any success. (See above on being in shock, vulnerable and getting scammed twice.) Using the transaction IDs for the hack, I could see the cockroach’s wallet and that it had interacted with a Binance wallet. I got online with Binance support, gave them the transaction IDs to ask if they could freeze the wallet. They checked and were very helpful, but it wasn’t a Binance wallet and they could do nothing. However, I did follow Binance support’s advice not to pay thousands of dollars up front to companies offering to get the crypto back. The only real option is file a report to law enforcement — search Google, “Report a Cyber Crime + (Your country)” — and hope. More phishing attacks followed. I received an automated voicemail telling me I needed to call the Singapore immigration department immediately at a U.S. area code number because my details were inaccurate. I don’t live in either country. In early June, I noticed a story online detailing the huge extent of the cryptocurrency hacking and theft that took place in May alone. Beside the major hacks of exchanges that result in millions of dollars of losses spread across thousands of individuals, the story says hackers are shifting their attention to ordinary users. So how many more hundreds or thousands of individuals are being targeted and ripped off every day in other scams? Are the roaches at the gates? Along with the financial devastation, one of the other damaging aspects of being hacked is blaming it on blockchain and cryptocurrencies per se. Confusing the technology, and its potential, with the thieves who exploit it. Because of the transparency of transactions, I can track where the crypto stolen from my Trezor is, but it’s problematic to keep looking because it’s difficult to not see a cockroach with a grin staring back. Phishing attacks on Trezor users are nothing new as the company’s customer emails were hacked in April last year and Trezor put out warnings about it. Because of widespread and ever more sophisticated phishing attacks, some crypto platforms have introduced specific codes for customers – usually a set of numbers chosen by the customer – so any email that arrives claiming to be from the company but lacks the code can be immediately identified as fake. I think it would be a good idea for Satoshi Labs and other exchanges and platforms to adopt that policy to better protect customers. However, the bottom line is I did the thing Satoshi Labs warns over and over again to never do: Punch a seed phrase into a computer. I’ve rebooted the Trezor to start rebuilding again, but I’m also looking at other storage options. We cannot let the roaches win.', 'Markets recovered fromlast week’s crashafter readings this week showed that U.S. inflationcooled to 4%, more or less in line with expectations. On Wednesday, the Fed electednot to raise interest ratesat a meeting for the first time in eighteen months. Leading cryptocurrencies traded sideways that day but appear to have made some gains entering the weekend.\nBitcoin posted a slight gain of 3% over the last seven days to trade at $26,428 on Saturday. Meanwhile, Ethereum lost 0.6% over the same period and now changes hands at $1,725.\nMost leading cryptocurrencies actually posted nominal gains this week. Several rallied hard, including Filecoin (FIL), up 10.3% to $3.71, Cosmus Hub (ATOM) rallied 13.2% to $8.91, Uniswap (UNI) ballooned 14.4% to $4.54 and Polygon (MATIC) surged 9.2% to $0.616745.\nNone of the top thirty cryptocurrencies by market capitalization posted any notable losses, in spite of the fact that it was the second week of the U.S. Securities and Exchange Commission’s escalation of enforcement actions on the industry.\nThe week began with news that Binance was lawyering up. Ithired George Canellos, a former co-director of the SEC’s Division of Enforcement to help defend itself against13 civil chargesfrom the securities regulator, including operating as an unlicensed securities exchange.\nAlso Monday, popular trading app eToro announced it wasdelistingAlgorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) due to their labeling as securities in the SEC’s lawsuit against Binance. The move mirrored a similar play by Robinhoodlast weekendand by publicly-listed one-stop crypto shop Bakkton Friday.\nLater that evening, Binancefiled more than twenty motionsin opposition to the SEC’s lawsuit. However, by the end of the week, Binance’s presence in Europe had shrunk considerably. News broke midweek that Binance waspulling out of Cyprusandthe Netherlandswhile coming under heightened scrutiny from French authorities for “aggravated money laundering.”\nToday, a judge approved a consent agreement between Binance and the SEC that one former SEC official said was "burdensome, awkward, inconvenient."\nThe SEC wasn’t the only one in Washington talking crypto this week. On Tuesday, a U.S. Treasury Department representative said at theTransform Payments USA 2023conference that the U.S. “has not yet determinedwhether it will pursue aCBDC”—but authorities are currently studying the “potential” of it with an interagency working group.\nOn Monday, Warren Davidson (R-Ohio) tweeted: “Today I filed the SECStabilization Actto restructure the SEC and fire Gary Gensler,” adding, “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.”\nDavidson created the legislation with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has oftenblastedGensler for driving the industry offshore through heavy handed enforcement actions.\nThe following day, crypto executives assembled before Congress tosupport a draft billto regulate crypto. It was praised for establishing clearer requirements for trading platforms to register with either the SEC or the CFTC—requirements which many in the the industry have long said are sorely needed.\nThat day, House Financial Services Committee Republicans also asked the SECin a letterto rescind its proposal to change the definition of “exchange.”', 'Illustration by Mitchell Preffer for Decrypt. Markets recovered from last week’s crash after readings this week showed that U.S. inflation cooled to 4% , more or less in line with expectations. On Wednesday, the Fed elected not to raise interest rates at a meeting for the first time in eighteen months. Leading cryptocurrencies traded sideways that day but appear to have made some gains entering the weekend. Bitcoin posted a slight gain of 3% over the last seven days to trade at $26,428 on Saturday. Meanwhile, Ethereum lost 0.6% over the same period and now changes hands at $1,725. Most leading cryptocurrencies actually posted nominal gains this week. Several rallied hard, including Filecoin (FIL), up 10.3% to $3.71, Cosmus Hub (ATOM) rallied 13.2% to $8.91, Uniswap (UNI) ballooned 14.4% to $4.54 and Polygon (MATIC) surged 9.2% to $0.616745. None of the top thirty cryptocurrencies by market capitalization posted any notable losses, in spite of the fact that it was the second week of the U.S. Securities and Exchange Commission’s escalation of enforcement actions on the industry. Binance vs SEC: Week 2! The week began with news that Binance was lawyering up. It hired George Canellos , a former co-director of the SEC’s Division of Enforcement to help defend itself against 13 civil charges from the securities regulator, including operating as an unlicensed securities exchange. Also Monday, popular trading app eToro announced it was delisting Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) due to their labeling as securities in the SEC’s lawsuit against Binance. The move mirrored a similar play by Robinhood last weekend and by publicly-listed one-stop crypto shop Bakkt on Friday . Later that evening, Binance filed more than twenty motions in opposition to the SEC’s lawsuit. However, by the end of the week, Binance’s presence in Europe had shrunk considerably. News broke midweek that Binance was pulling out of Cyprus and the Netherlands while coming under heightened scrutiny from French authorities for “ aggravated money laundering .” Story continues Today, a judge approved a consent agreement between Binance and the SEC that one former SEC official said was " burdensome, awkward, inconvenient ." Meanwhile... The SEC wasn’t the only one in Washington talking crypto this week. On Tuesday, a U.S. Treasury Department representative said at the Transform Payments USA 2023 conference that the U.S. “ has not yet determined whether it will pursue a CBDC ”—but authorities are currently studying the “potential” of it with an interagency working group. On Monday, Warren Davidson (R-Ohio) tweeted: “Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler,” adding, “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.” Davidson created the legislation with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has often blasted Gensler for driving the industry offshore through heavy handed enforcement actions. The following day, crypto executives assembled before Congress to support a draft bill to regulate crypto. It was praised for establishing clearer requirements for trading platforms to register with either the SEC or the CFTC—requirements which many in the the industry have long said are sorely needed. That day, House Financial Services Committee Republicans also asked the SEC in a letter to rescind its proposal to change the definition of “exchange.”', 'Your average trader may not be buying non-fungible tokens (NFTs) right now, but there’s one class of trader that is feasting. It’s the whales.\nNFT trading volume is down, and floor prices are tumbling along with it, but those with deep pockets are acquiring major art grails. Fidenzas, Ringers, Chromie Squiggles, and rare Archetypes; if it sounds like I’m speaking another language, you’re right. This is the language of whales and art collectors.\nHere are some of the high-priced generative art grails they’ve been buying in the past week.\n• Fidenza #158 sold for US$370,000\n• XCOPY’s Five Eyes sold for US$238,000\n• Fidenza #646 sold for US$225,000\n• Fidenza #454 sold for US$132,000\n• Fidenza #25 sold for US$129,000\n• Fidenza #577 sold for US$123,000\n• Chromie Squiggle #10 sold for US$91,000\n• 13 Chromie Squiggles sold for roughly US$20,000\nCapping off the mega art week was Sotheby’s auction of NFT art grails, all coming from Three Arrows Capital’s previous holdings.\xa0With the auction now completed, we must take a moment to appreciate a BIG HONKIN’ SALE.\nRingers #879 (last sold for 1,800 Ether, worth US$5.4 million at the time ) was the grail of the entire lot and now may become world-famous for being the second highest-priced generative art sale ever in U.S. dollar value, but possibly the highest in ETH value at 3,233 ETH.\nKnown as ‘The Goose’ this stand-out output in Dmitri Cherniak’s highly regarded Ringers collection of generative art perfectly highlights the randomness of generative art, and how randomized parameters and code can sometimes form an unexpected image that is unique, beautiful, and iconic.\nNike NFTs seem to be coming to Fortnite as soon as next week. Nike’s official Twitter account just teased the ultimate sneaker hunt as Fortnite x Nike Air Max coming on June 20.\nTwo Rolex watches are being used as collateral for loans after being tokenized as NFTs. This is significant because it’s an obvious use case for NFTs, with the NFT acting as a COA and proof of ownership at the same time.\nA mysterious anonwallethas been on a shopping spree lately, buying over 2,600 ETH worth of Bored Ape Yacht Club, and over 1,500 ETH in other collections including Mutant Ape Yacht Club, Azuki, DeGods, Doodles, Moonbirds, and Pudgy Penguins.\nSnoop Dogg has just delivered possibly the best music-related NFT to date. His new NFT calledPassportwill give holders a behind-the-scenes look at his current tour (updated at each event), free art for holders by Coldie, Terrell Jones, and Alien Queen, and early access to tickets. Think of this as the evolution of a fan club, and priced just like it, at just US$45.\nDonald Trump’s Trump Digital Trading Cards has begun to accept the collection’s rare “Win Trump Prizes” NFTs to be redeemed and burned in exchange for the prize. Prizes include signed books, gift cards, golf tickets, zoom calls, and even a gala dinner at Trump’s home Mara Lago.\nOn Chain Monkeys completed their mint of 300 Dimensions NFTs as Bitcoin ordinals, and we’re already seeing some significant secondarysalesthat are north of 1 BTC each.\nBoringPunks, while not majorly expensive, saw plenty of money trading hands. The CryptoPunks derivative project minted at 0.01 ETH and found itself quickly reaching a floor price of over 0.16 ETH. Quite the feat in such a down market, with over US$1.7 million in secondary action trading hands.\nPeep the charts\nIt has been almost an entirely red week in the top 10 but Ordinals still benefit from being the meta right now, and this is where degens are focusing their time.\nMy prediction that DMarket would shine as the rest of the space fizzles seems to be coming true. Gamers will buy skins, independent of speculation, so it just makes sense for them to be a stable top performer.\nBoringPunks are the new kid on the block, entering the top 10 with weekly sales that almost mirror real CryptoPunks. But CryptoPunks only needed 17 transactions to do the same sales volume that it took BoringPunks 22,000 to reach.\nSales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air.\nPolygon is up almost 10% this week as it’s propelled byDraftKings’ Golf and Reignmakers UFC.\nBinance’s LBT liquidity positions as NFTs pushed them into the green, up over 22% in seven days.', 'Your average trader may not be buying non-fungible tokens (NFTs) right now, but there’s one class of trader that is feasting. It’s the whales. NFT trading volume is down, and floor prices are tumbling along with it, but those with deep pockets are acquiring major art grails. Fidenzas, Ringers, Chromie Squiggles, and rare Archetypes; if it sounds like I’m speaking another language, you’re right. This is the language of whales and art collectors. Here are some of the high-priced generative art grails they’ve been buying in the past week. Fidenza #158 sold for US$370,000 XCOPY’s Five Eyes sold for US$238,000 Fidenza #646 sold for US$225,000 Fidenza #454 sold for US$132,000 Fidenza #25 sold for US$129,000 Fidenza #577 sold for US$123,000 Chromie Squiggle #10 sold for US$91,000 13 Chromie Squiggles sold for roughly US$20,000 Capping off the mega art week was Sotheby’s auction of NFT art grails, all coming from Three Arrows Capital’s previous holdings.\xa0With the auction now completed, we must take a moment to appreciate a BIG HONKIN’ SALE. Ringers #879 (last sold for 1,800 Ether, worth US$5.4 million at the time ) was the grail of the entire lot and now may become world-famous for being the second highest-priced generative art sale ever in U.S. dollar value, but possibly the highest in ETH value at 3,233 ETH. Known as ‘The Goose’ this stand-out output in Dmitri Cherniak’s highly regarded Ringers collection of generative art perfectly highlights the randomness of generative art, and how randomized parameters and code can sometimes form an unexpected image that is unique, beautiful, and iconic. #AuctionUpdate : One of the most important works of post-blockchain generative art, @dmitricherniak ’s Ringers #879 (The Goose) has just sold for $6.2 million, making it the 2nd highest generative art sale of all time. #SothebysGRAILS https://t.co/dKyqxGbAIZ pic.twitter.com/zkxoP21M9e — Sotheby\'s Metaverse (@Sothebysverse) June 15, 2023 Noteworthy Happenings Nike NFTs seem to be coming to Fortnite as soon as next week. Nike’s official Twitter account just teased the ultimate sneaker hunt as Fortnite x Nike Air Max coming on June 20. Story continues On 6.20 the ultimate Sneakerhunt begins. 🏙️🌬️ pic.twitter.com/QgMyA1uXRT — Nike (@Nike) June 16, 2023 Two Rolex watches are being used as collateral for loans after being tokenized as NFTs. This is significant because it’s an obvious use case for NFTs, with the NFT acting as a COA and proof of ownership at the same time. These @ROLEX watches, stored at @4KProtocol , are being used as collateral for DeFi loans on Arcade. Using Real-World Assets (RWAs) like luxury goods on-chain could open up a huge market for DeFi. pic.twitter.com/17JB2R7z6I — Arcade.xyz (@Arcade_xyz) June 14, 2023 A mysterious anon wallet has been on a shopping spree lately, buying over 2,600 ETH worth of Bored Ape Yacht Club, and over 1,500 ETH in other collections including Mutant Ape Yacht Club, Azuki, DeGods, Doodles, Moonbirds, and Pudgy Penguins. Over 2600E ($4,500,000) in BAYC buys over the last 5 days Over 1500E ($2,600,000) spent on other NFTs Over $1,500,000 in freshly staked $APE Meet "FAF", the anonymous max-bidding (and max-staking) whale who is trying to single-handedly save your bags More below pic.twitter.com/PdTiRLVo4i — Cirrus (@CirrusNFT) June 12, 2023 Snoop Dogg has just delivered possibly the best music-related NFT to date. His new NFT called Passport will give holders a behind-the-scenes look at his current tour (updated at each event), free art for holders by Coldie, Terrell Jones, and Alien Queen, and early access to tickets. Think of this as the evolution of a fan club, and priced just like it, at just US$45. Donald Trump’s Trump Digital Trading Cards has begun to accept the collection’s rare “Win Trump Prizes” NFTs to be redeemed and burned in exchange for the prize. Prizes include signed books, gift cards, golf tickets, zoom calls, and even a gala dinner at Trump’s home Mara Lago. On Chain Monkeys completed their mint of 300 Dimensions NFTs as Bitcoin ordinals, and we’re already seeing some significant secondary sales that are north of 1 BTC each. Source: Gamma BoringPunks , while not majorly expensive, saw plenty of money trading hands. The CryptoPunks derivative project minted at 0.01 ETH and found itself quickly reaching a floor price of over 0.16 ETH. Quite the feat in such a down market, with over US$1.7 million in secondary action trading hands. Peep the charts CryptoSlam NFT rankings It has been almost an entirely red week in the top 10 but Ordinals still benefit from being the meta right now, and this is where degens are focusing their time. My prediction that DMarket would shine as the rest of the space fizzles seems to be coming true. Gamers will buy skins, independent of speculation, so it just makes sense for them to be a stable top performer. BoringPunks are the new kid on the block, entering the top 10 with weekly sales that almost mirror real CryptoPunks. But CryptoPunks only needed 17 transactions to do the same sales volume that it took BoringPunks 22,000 to reach. Blockchain NFTs by sales volume Sales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air. Polygon is up almost 10% this week as it’s propelled by DraftKings ’ Golf and Reignmakers UFC. Binance’s LBT liquidity positions as NFTs pushed them into the green, up over 22% in seven days.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $514,113,255,012 - Hash Rate: 364329624.4786604 - Transaction Count: 475252.0 - Unique Addresses: 662278.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Lama Technology Vilnius, Lithuania, May 15, 2023 (GLOBE NEWSWIRE) -- Lama has announced the launch of its crypto-to-fiat debit card, backed by Visa, for their users to spend their digital assets anywhere. Lama, a registered crypto exchange in Europe, will allow new and existing Lama users to select and spend from various digital assets linked to their cards at the point of sale. Residents in EEA countries can register their interests by downloading the Lama app on both Apple and Google Play stores, depositing or withdrawing their crypto, and getting a physical or virtual debit card to spend their assets anywhere. The new Lama Visa card offers seamless on/off ramping between fiat and digital assets for a smoother user experience, eliminating any unnecessary hassles for Lama users. The card will also offer cashback rewards and other benefits, making it a more attractive option than traditional debit cards offered by banks. Lama card holders can fund their Lama accounts using different cryptocurrencies, including BTC, ETH, BNB, BUSD, USDT, USDC, and more. Crypto funds are linked to Visa cards so users can convert to fiat in real-time, connect with their Apple Pay, and spend in any physical or online store. "We are excited to offer our customers a more seamless way of accessing and spending their digital assets. With our crypto debit card, customers can easily use their crypto holdings for everyday transactions without the need for conversion to fiat currency," said Dr. Jocelyn Braun, co-founder & CEO of Lama. Founded in 2021, Lama has already gained thousands of satisfied customers. Lama prides Itself on privacy, security, and compliance, and its ultimate goal is to facilitate and accelerate the adoption of cryptocurrencies on a global scale through its innovative platform. The crypto debit card is available to residents in EEA countries and can be ordered directly from the Lama app. The card will be linked to the customer's digital wallet, allowing them to easily manage their crypto holdings and transactions. Story continues With its crypto debit card issuance, Lama continues to be at the forefront of the crypto revolution in Europe, providing innovative solutions that make crypto more accessible and user-friendly. About Lama Lama is a registered crypto provider offering services for both consumers and businesses. A platform that allows users to pay and receive payments in both fiat and cryptocurrencies and save, store, earn and manage digital currencies through one user-friendly and trustworthy app. CONTACT: Jocelyn Braun Co-founder and CEO Lama Technology hello-at-mylama.eu https://www.mylama.eu/... - Reddit Posts (Sample): [['u/RonPaulWasR1ght', "Theory on what Blackrock is up to with this whole ETF business. They're going to suck up $, get big, then fork off a PoS version of BTC, and direct their holdings into that shipcoin, as well as those of their clients. Then they'll sell BTC and buy the hard forked shipcoin.", 15, '2023-06-17 00:43', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/', 'So, this is what it looks like Blackrock will try to do here. And you guys tell me if I\'m onto something, or if not, set me straight. But in their proposed prospectus, and I\'m paraphrasing here because my posts get taken down if I include certain links....in their prospectus it says that if there\'s a hard fork of BTC, then the ETF management is at liberty to decide which coin(s) to hold and which to divest the ETF of. So...remember the "change the code, not the climate" horseshit that Greenpeace tried a few years back? Well, let\'s put those two together...\n\nWhat if Blackrock brings in all the doctor\'s widows, and encourages them to put their 401ks in the Blackrock Bitcoin spot ETF, and they pump that thing full of several hundred billion $? Not an impossible amount for them, and that would be a huge fraction of the Bitcoin market cap. So then they write some stupid, retarded shipcoin code on Bitcoin Core, and fork it off. To protect the climate and all that crap. \n\nSo then this new shipcoin will have, overnight, like half of what Bitcoin\'s entire market cap used to have. So the price of shipcoin will be quite high all of a sudden. To top it off, Blackrock will then sell their original Bitcoin coins, and buy more shipcoin with the proceeds(after a hard fork they\'ll have one of each coin type). Remember throughout ALL of this, they have quick access to the $ printer if they ever need it. \n\nOnce they\'ve successfully smashed the price of Bitcoin, created enormous volatility in it\'s price, and thorougly demonized it for climate crap reasons, they\'ll move to ban it and carry on with the CBDC and all that. \n\nIt\'s truly a "don\'t beat them, join them and control them" approach. Will it work?', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/', '14ba6gs', [['u/coelectric', 31, '2023-06-17 00:48', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/joeo0se/', 'That\'s cool they can dump BTC for their "Piece Of Shit" coin and I\'ll continue to load up at discount prices.', '14ba6gs'], ['u/chrisxinghua', 16, '2023-06-17 01:07', 'https://www.reddit.com/r/Bitcoin/comments/14ba6gs/theory_on_what_blackrock_is_up_to_with_this_whole/joeq8r7/', "You forget. Everyone has been creating new shipcoins. BTC even forked. There's no ecosystem for it, man. They'll be stuck with a dying bird while BTC rises - and then their investors leave them. Makes way more sense for them to just ride BTC for real, they make money in fees no matter what BTC does.", '14ba6gs']]], ['u/Background_Drink6295', '80% RAM AND 30% CPU USAGE 40% GPU USAGE', 1497, '2023-06-17 01:04', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/', "Kick is legit farming Bitcoin on my computer. Playing CSGO doesn't work my PC this hard lmao?\n\n\n\n$3000 PC btw.", 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/', '14bao6d', [['u/lczy23', 225, '2023-06-17 01:06', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeq7ta/', 'yeah same i aint watching that shit lol', '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 522, '2023-06-17 01:07', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeq9hm/', 'yep. insane PC here too, shit is using 20GB of my 64gb of ram. actual btc miner', '14bao6d'], ['u/Background_Drink6295', 50, '2023-06-17 01:09', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeqhe1/', 'I was also charged twice for my sub', '14bao6d'], ['u/Krait_0601', 18, '2023-06-17 01:13', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joer19t/', '![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/JustSideClimb', 62, '2023-06-17 01:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joerehh/', 'Lol just checked. 84% Ram ![img](emote\|t5_flhe9\|7337)', '14bao6d'], ['u/Alceaus', 35, '2023-06-17 01:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joerh64/', "Stream won't even load for me.", '14bao6d'], ['u/SemenWhal3', 10, '2023-06-17 01:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joerhax/', '![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/Karahx', 14, '2023-06-17 01:28', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joess4v/', 'I always play games while I have him on in the background, I only watch like 30-60 minutes of each stream actively having the stream up. My game(Killing Floor 2) crashed 3 times having the stream on lol.', '14bao6d'], ['u/quote_if_hasan_threw', 359, '2023-06-17 01:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joesyft/', 'Immagine having infinite gamba money to develop an actual decent site and fail catastrophically ![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/stressedfellar', 109, '2023-06-17 01:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joet0eq/', 'lmao I just checked 80% ram, 30% CPU, 20% GPU, +50 million for my juicer though', '14bao6d'], ['u/xJTxD0notPaN1C', 436, '2023-06-17 01:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joet1xu/', 'dumbass paying a millionaire', '14bao6d'], ['u/stressedfellar', 105, '2023-06-17 01:31', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joet2k3/', "actually he's with new gold digger now, make that +25 million", '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 162, '2023-06-17 01:34', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joethhx/', 'they cant even copy paste a website correctly, actually embarrassing', '14bao6d'], ['u/Jgfranco88PkmnGo', 19, '2023-06-17 01:36', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joetqw9/', 'He better cash in that 100 mil check quick!', '14bao6d'], ['u/sataprosenttia', 10, '2023-06-17 01:38', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeu0ii/', 'Gotta get that $100mil back somehow.', '14bao6d'], ['u/_rallen_', 192, '2023-06-17 01:39', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeu3zo/', 'Fucking idiot why would you sub to someone getting paid 100mil lmaooooo', '14bao6d'], ['u/ponyo_impact', 146, '2023-06-17 01:40', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeu92s/', 'literally giving money to someone that just signed a $100,000,000 contract\n\nthanks for letting us all know your a brilliant individual.', '14bao6d'], ['u/Josewx', 40, '2023-06-17 01:42', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeugsc/', 'same, unwatchable, it lags so hard', '14bao6d'], ['u/Illustrious_Risk3732', 23, '2023-06-17 01:44', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeuq79/', "Your not the only one.\n\nMy PC is good and my shit lags with 7TV on or off if I watch YouTube it's ok and the website even lags trying to watch X.", '14bao6d'], ['u/Illustrious_Risk3732', 76, '2023-06-17 01:47', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeuzuf/', '![img](emote\|t5_flhe9\|7340)', '14bao6d'], ['u/Affectionate-Dog-903', 216, '2023-06-17 01:48', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joev6tw/', 'Bro I tried to sign up and I can’t even get past terms and conditions. Doesnt allow me to accept them lol', '14bao6d'], ['u/HuntingViper', 24, '2023-06-17 01:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joevy9i/', "I can't even create an account on this dogshit site", '14bao6d'], ['u/syjosolidum', 87, '2023-06-17 01:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joevysp/', 'Brother the kick app heated up my phone while watching X 💀', '14bao6d'], ['u/ItzNotToby', 55, '2023-06-17 01:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joevz23/', 'im watching the kick stream through someone re streaming it on yt', '14bao6d'], ['u/iamahandsoapmain', 40, '2023-06-17 01:56', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joew3oj/', 'Mr 100 million please take my money surely you need it more than me ![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/SemenWhal3', 65, '2023-06-17 01:56', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joew4pe/', 'imagine actually putting your credentials on there ![img](emote\|t5_flhe9\|7340)', '14bao6d'], ['u/Skepticul', 73, '2023-06-17 01:57', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joew7tp/', 'Kinda what happens when you have thousands of people flocking to a site that in the past has barely had 200k people on it at a single time. Site has crashed multiple times before. Probably will take a few days for it to settle down and hopefully fix the issues.', '14bao6d'], ['u/MuxOnReddit', 11, '2023-06-17 01:58', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joewa9x/', 'I thought I was the only one ![img](emote\|t5_flhe9\|7340)', '14bao6d'], ['u/DroppingPing', 56, '2023-06-17 02:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joex6ha/', 'Not the same at all.', '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 29, '2023-06-17 02:07', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joexehc/', 'kick doesnt have ads dumbass', '14bao6d'], ['u/sebastianfors', 13, '2023-06-17 02:11', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joexxk4/', 'The site is making a request for EVERY emote you post in chat. So it makes like 100 requests a second which is why it does that.', '14bao6d'], ['u/maximum_pizza', 76, '2023-06-17 02:12', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joey261/', "you get something in return there, but with a kick subscription, you ain't getting shit.", '14bao6d'], ['u/zeltrabas', 26, '2023-06-17 02:15', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeyctv/', 'Bro you atleast get Something to eat.', '14bao6d'], ['u/DauntedSoul', 108, '2023-06-17 02:20', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joeyxmm/', 'ooo a badge that reads "I\'m mentally deficient". Very enticing.', '14bao6d'], ['u/smd9788', 10, '2023-06-17 02:21', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joez2ob/', 'Holy shit so they actually have no idea how to scale users', '14bao6d'], ['u/ditoaf', 66, '2023-06-17 02:21', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joez3ml/', '\\* hundred millionaire', '14bao6d'], ['u/PM-ME-QUALITY-ECCHI', 19, '2023-06-17 02:29', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof011n/', 'instantly move the goalposts, nice one. also, -5.', '14bao6d'], ['u/Sirnyu', 43, '2023-06-17 02:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof057m/', "Might be the dumbest comparison I've ever heard", '14bao6d'], ['u/kaiquan1', 50, '2023-06-17 02:30', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof06qu/', 'smartest xqc sub', '14bao6d'], ['u/Illustrious_Risk3732', 19, '2023-06-17 02:33', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof0ga7/', '![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/Jeremithiandiah', 17, '2023-06-17 02:37', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof0zej/', 'He just got 100mil what is wrong with you? He has no sun benefits anymore there’s no reason to', '14bao6d'], ['u/Express-Fig-5168', 13, '2023-06-17 02:39', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof18iy/', 'Never seen my anti-malware software working as hard as tonight. ![img](emote\|t5_flhe9\|7339)', '14bao6d'], ['u/Mateowo', 19, '2023-06-17 02:41', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof1ect/', 'You\'re paying for a product/service in that case. Whenever you sub to x you\'re not paying for anything really. At most, you could say you\'re "supporting" the stream but even that\'s a reach considering your $5 are worth less than pocket change to him lol', '14bao6d'], ['u/glasslulu', 63, '2023-06-17 02:46', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof1zth/', 'I GOT THE HECKIN COSMETIC BADGE THAT YOU PLEBS DONT HAVE. ![img](emote\|t5_flhe9\|7346) DonoTime', '14bao6d'], ['u/Rlycooldudexans', 19, '2023-06-17 02:49', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof2et5/', 'My phone heated up so quick while I had kick on it playing. I turned off my off, was legit worried of how hot it got', '14bao6d'], ['u/Zanderp52', 13, '2023-06-17 02:51', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof2lul/', 'Twitch.tv/betterxqcstream', '14bao6d'], ['u/ImpressiveSet1810', 16, '2023-06-17 03:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof46aq/', 'Spent it all on xqc', '14bao6d'], ['u/Dry-Carpenter5342', 16, '2023-06-17 03:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof46ug/', 'Actual dumbass. Enjoy your 20hrs of gamba streams bozo', '14bao6d'], ['u/okygtot', 11, '2023-06-17 03:14', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof59t7/', 'How?\n\nIm watching on firefox and havent noticed anything and my RAM usage has remained the same', '14bao6d'], ['u/NCCornale', 35, '2023-06-17 03:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof5jfs/', 'im SOO happy for X but at the same time im sad for us viewers man... This shit is genuinely pathetic compared to twitch in terms of viewer experience. Not only is the chat horrendous, it gets paused every 50 milliseconds, and i cant even make an account the site is so chalked.... Shit fuckin sucks man.', '14bao6d'], ['u/handerson15', 99, '2023-06-17 03:17', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jof5krc/', '"you cant do that right now" "gateway crash 505" "you cant do that right now" "you cant do that right now" "gateway crash 505" SCHIZO', '14bao6d'], ['u/TylerStewartYT', 27, '2023-06-17 04:02', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofajrw/', 'Tomfoolery problem with the chat? Tomfoolery problem with the chat? Tomfoolery problem with the chat?', '14bao6d'], ['u/use_vpn_orlozeacount', 11, '2023-06-17 04:03', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofakc0/', 'You actually put your credit card into Kick? Wtf is wrong with you lmaoooo', '14bao6d'], ['u/handerson15', 21, '2023-06-17 04:05', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofat9a/', 'Btw the dogshit app managed to make me 2 accounts on the same email when i tried to login. How is that even possible', '14bao6d'], ['u/lIlIlIlllIllIlIlllIl', 12, '2023-06-17 04:06', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofaxgn/', 'whats it like being retarded? wanna do an AMA?', '14bao6d'], ['u/Vannine', 13, '2023-06-17 04:11', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofbfj0/', 'yeah, somehow i made multiple accounts with the same name', '14bao6d'], ['u/handerson15', 248, '2023-06-17 04:12', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofbkhq/', "Train bro just give up we know it's you", '14bao6d'], ['u/Mo-TateruX', 28, '2023-06-17 04:36', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofe8e6/', "they are using AWS shouldn't they auto scale and per-usage I'm getting Cloudfalir issue did they miss up with their reverse proxy?", '14bao6d'], ['u/Fiigarooo', 11, '2023-06-17 04:55', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofg8mg/', 'cant be sarcastic online when theres people who actually think what u said', '14bao6d'], ['u/Massive-Target-5640', 43, '2023-06-17 05:01', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofgsfk/', "Imma be real with you brother. I don't know wtf you just said.", '14bao6d'], ['u/Zooka128', 93, '2023-06-17 05:07', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofhgzw/', "I think it's something to do with chat as well, but Kick seems to lag my internet. On Twitch the chat slows and sends in batches, whereas the continuous feed on Kick not only makes it unusable, but I think it's fucky and causes lag.", '14bao6d'], ['u/m0gwaiiii', 38, '2023-06-17 07:26', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofu6fg/', 'DDOSing yourself KEKW', '14bao6d'], ['u/IamBestWaffle', 52, '2023-06-17 07:48', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jofvwzg/', 'omg poor thing \n\n\nits retarded', '14bao6d'], ['u/Avaryr', 31, '2023-06-17 09:12', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jog24ah/', '+ 0.3 Bitcoin Pagman', '14bao6d'], ['u/obi1kenovoitto', 26, '2023-06-17 10:42', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jog86zm/', "Yes it's probably exactly this, they have not had this active of an chat and their chat refresh is nearly constant. Combine that with every emote basically being a gif and you've effectively turned you computer into a heater.\n\nAnd it even seems that if you close chat it still keeps querying those messages", '14bao6d'], ['u/Klientje123', 11, '2023-06-17 11:38', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/jogbvca/', "I was about to comment ''this money won't be halved because it was earned after the breakup'' but I forgot about the new girl ![img](emote\|t5_flhe9\|7339)", '14bao6d'], ['u/Readdit2323', 15, '2023-06-17 12:58', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joghhd3/', "Web dev here, this technically isn't possible. A browser tab can only use 2GB of memory before it crashes - this is a hard limit imposed by all major browsers.\n\nYour memory is being used elsewhere, look in the browser memory utilisation not task manager to see this.", '14bao6d'], ['u/MoSummoner', 10, '2023-06-17 16:34', 'https://www.reddit.com/r/xqcow/comments/14bao6d/80_ram_and_30_cpu_usage_40_gpu_usage/joh2wq2/', 'Not everyone is dumb like you', '14bao6d']]], ['u/StoryPale', 'US debt reaching an All time high', 38, '2023-06-17 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/', "Well today the US debt hit an All time high of $32 Trillion. Considering that the US passed a bill to increase debt ceiling we can expect this number to increase even more in the coming weeks and months. \n\nConsidering the facts above there is going to be more and more fiat money in the decades coming but it's value is going to be lower and lower. Fed rate hikes are just temporary slow down of this whole proces which can not and won't be stopped.\n\nOn the other hand there is only going to be 21 million BTC ever made. So technically speaking BTC is the superior asset and should only increase in price considering the fundamentals above.\n\nI know we are all here since we believe in bitcoin and crypto in general but I am also interested what is your opinion on this?", 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/', '14bcdbp', [['u/BrocoliAssassin', 20, '2023-06-17 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jof10ao/', "Everyday is a new all time high for debt. \n\nIf it's one thing you can count on going to the moon it's our debt.", '14bcdbp'], ['u/Tasigur1', 81, '2023-06-17 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jof4jsg/', 'Absolute numbers like 32$ trillion are limited in its significance. The Debt to GDP Ratio is more meaningful, cuz we can compare it to other countries.\n\nJapan for example has the highest debt to GDP ratio of all countries with 262%. Number 2 is Venezuela, number 3 is Greece etc.\n\nNumber 7 is interesting, it\'s Singapore 160% \n\nand USA is number 11 with 129%\n\n[The full list is here](https://wisevoter.com/country-rankings/debt-to-gdp-ratio-by-country/#countries-by-debt-to-gdp-ratio)\n\nWhy is this metric important? "The debt to GDP ratio can serve as a metric for evaluating a country’s fiscal health and its level of debt sustainability."\n\nLet\'s add some spicy sauce:\n\nHow Many Times Has the Debt Ceiling Been Raised?\n\nAccording to the U.S. Department of the Treasury, the debt ceiling has been raised, extended, or revised 78 separate times since 1960. This occurred 49 times under Republican presidents and 29 times under Democratic presidents.\n\nSource:\nhttps://www.investopedia.com/terms/d/debt-ceiling.asp\n\nDiscussion: Do you really think the USA will default? Tbh I doubt it, millions of people would lose their jobs and it would lead to a global finacial crisis. Literally doomsday scenario. I hope that we will never have to experience it.\n\nAnd yes OP, BTC is a great tool to fight the fiat nonsense!', '14bcdbp'], ['u/djiboutiiii', 19, '2023-06-17 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jofhcwo/', ' The national debt is meaningless and it’s only used as a political tool to justify bad policy', '14bcdbp'], ['u/antimornings', 19, '2023-06-17 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14bcdbp/us_debt_reaching_an_all_time_high/jofvkjw/', '>\tNumber 7 is interesting, it’s Singapore 160%\n\nSingapore has a high gross debt but 0 net debt. These funds are invested into assets that have a value in excess of the debt. The Singapore government is thus cash flow positive and generally does not borrow to meet its spending obligations, unlike US.', '14bcdbp']]], ['u/Tharsanan', 'Bitcoin value compared to land', 10, '2023-06-17 03:51', 'https://www.reddit.com/r/Bitcoin/comments/14be8ny/bitcoin_value_compared_to_land/', 'I always think about how bitcoin future wd look like. Today I got this idea to calculate how much is 0.1 bitcoin(avrg people hold amt) in land if we assume 21million equal to total usable land in world. After some maty it equals to 12acres, which is not that high. I expected a larger number. The number I used as total usable land is from google. I think the real number wd be even smaller. Now I have questions like maybe we late to the bitcoin game. 🤔', 'https://www.reddit.com/r/Bitcoin/comments/14be8ny/bitcoin_value_compared_to_land/', '14be8ny', [['u/shoegoomba', 14, '2023-06-17 05:24', 'https://www.reddit.com/r/Bitcoin/comments/14be8ny/bitcoin_value_compared_to_land/jofj7so/', "Most people don't have .1 BTC.", '14be8ny']]], ['u/elidevious', "Celsius to Convert Customer 'Altcoins' to BTC and ETH", 75, '2023-06-17 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/', 'This shit is absolutely insane to me. \n\nHonestly, I’m glad all this stuff with the SEC is going down. Customer protection is needed badly in this industry. \n\nOne of the reasons I first got into crypto was for the lawlessness of it all. I was transferring large sums from China, beyond China’s legal limits. And I was doing it for free, often making a profit. It was excellent!\n\nThen in 2021, my dad got phished for 3 BTC. That shit was painful. Self-banking is great in theory, but supposedly, so is communism. \n\nI’ve lived in China for a decade and self-banked for more than 6 years. Both have major problems that can quickly turn into a dystopia. \n\nI love this industry. I believe Web3 is the future of the internet. I think we should all be rewarded fairly for our contributions. \n\nI also think scammers should be punished. And disempowered victims should be vindicated. \n\nI know regulation feels like we’ll just get fucked again, and in some ways we definitely will. But the free reign of thieves and assholes needs legal controls, in my opinion. \n\nhttps://news.bitcoin.com/token-sale-ahead-celsius-to-convert-customer-altcoins-to-btc-and-eth/', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/', '14bemik', [['u/middlemangv', 43, '2023-06-17 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofbmau/', 'They should just return assets to their users . Just return the money (coins) bro.', '14bemik'], ['u/Onnimation', 23, '2023-06-17 04:24', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofcyel/', '"Judge rules that $4.2bn of crypto deposited by customers to Celsius belongs to the estate, not the users." \n\nCourt agrees: fuck you; not your keys, not your coins!', '14bemik'], ['u/Iphone17promax', 16, '2023-06-17 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofd90c/', 'That was an option before they filed for bankruptcy but not anymore.', '14bemik'], ['u/cashpig000', 16, '2023-06-17 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14bemik/celsius_to_convert_customer_altcoins_to_btc_and/jofpqaa/', 'Why not just give back to customers? What a shitshow of a company.', '14bemik']]], ['u/KnowledgeNew4782', 'Scammer or am I crazy?', 22, '2023-06-17 04:25', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/', 'When a text thread suddenly disappears from your telegram what does that mean? First time using it for this & i vetted the guy seemed legit asf! Posted here consistently & commented. I thought he was about legit business, in the back of my head there’s always a fear of getting scammed so I only sent 250$ via bitcoin. He asked for my shipping information & everything was cool. Said he’d hit me back with tracking next day, now everything is gone??? Wtf! But it doesn’t look like im necessarily blocked? Maybe he did auto destruct? Im trying to convince myself but am I bugging or safe to say i got scammed? It fucking sucks dealing with this shit. I just wanna buy pills dude.', 'https://www.reddit.com/gallery/14bexno', '14bexno', [['u/drugs_dot_com', 33, '2023-06-17 04:50', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/joffouv/', 'Don’t fall for anything online other than on the dark net, your best bet is to ask around until you find a good dealer irl', '14bexno'], ['u/KnowledgeNew4782', 10, '2023-06-17 05:11', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofhuf1/', 'I moved to the big apple from a small little town in west bubble, im not plugged in bro', '14bexno'], ['u/Gambleanddodrugs', 16, '2023-06-17 05:17', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofigpc/', 'Take the midnight train going anywhere', '14bexno'], ['u/drugs_dot_com', 16, '2023-06-17 06:19', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofodo1/', 'You’re in a large city with thousands of drug dealers. It’s not going to take more than a day of looking to find a dealer for yourself', '14bexno'], ['u/MrPackz', 20, '2023-06-17 06:23', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofoqwd/', '100% scammed sorry to hear, a lot of small minded people run off with crumbs when they could make loafs if the long run with good biz. Sad they ruin it for the good ones', '14bexno'], ['u/postmodern_diogenes', 14, '2023-06-17 07:02', 'https://www.reddit.com/r/pillsporn/comments/14bexno/scammer_or_am_i_crazy/jofs7fg/', 'There’s actually a lot of legitimate vendors on certain clear net apps(not here lmao) you just have to get in the right circles.', '14bexno']]], ['u/khubu_chan', 'Phishing - Advice needed', 64, '2023-06-17 05:17', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/', "A friend got phished of ~4L, she doesn’t have enough Karma points to post here so posting on her behalf. \n\nEdit: I guess I have to explicitly spell it out, please don't add any anecdotal word vomit in comments. Some folks here seem to have the whole 'holier-than-thou' attitude,'I would never fall for this, HAHA'. Not really helpful on a post where someone is looking for genuine advice. Don't be a jerk!\n\n\n“On 1st June I got an IVR call from FedEx on 1st June where they told me that one of my parcel is pending from Mumbai to Taiwan, Upon moving to helpline number through the same IVR, the executive told me that the parcel contains numerous articles including 150 gms MDMA and because of the MDMA, the parcel has been put on hold. Further the executive connected me to the nearest police station. Police asked me to connect through Skype where they forced me to keep my camera on. Then police took my details and further connected me to the cyber cell and cyber cell told me that some unauthorized transactions (ie money laundering) is happening in my account through Bitcoin. Some bank officials are also involved, because they first do transactions then the bank officials delete those transactions, hence common people don't get to know. Then they connected me to finance team where they told me to back track the account numbers through which fraudulent transactions are happening you have to do a code transaction of INR 98426 and it will reflect back in your bank account in 1 hour. Then they asked me to do one more transaction of the same amount. Then third transaction of INR 211914.\n\nWhen they asked me to do a fourth transaction of INR 253416 then I didn't do and cut the call. I then after 2 hours filed cyber crime report online, followed by police FIR in Bisrakh Thana in Greater Noida West the following morning and reported to banks and Gpay. 2 transactions were from Gpay and 1 from mbanking. 1Gpay and 1 mbanking transaction from ICICI bank ie my savings account and 1 transaction from HDFC bank ie my current account.\n\nLater on 3rd June, the cyber cell was able to retrieve INR 94410 and I called up cyber cell helpline to ask the process to get the money back in my bank account, they told me to contact the local police station to extract the money. I contacted the same police station to know the process. They told me to hire a lawyer and get a court order stating to release the money. Later I contacted 3 lawyers and all of them told me the same thing that it is a State vs Police case, no civilian can go upto the court and ask for a court order.”\n\nWhat is this court order ? And is this an excuse by the Police ? What are her options here ?", 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/', '14bfy1q', [['u/Legitimate_Meat8166', 12, '2023-06-17 05:31', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofjvje/', 'Who falls for this kind of scam. Nowadays people lack basic common sense', '14bfy1q'], ['u/pappu_chala_chappu', 27, '2023-06-17 07:42', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofvh8a/', 'Are you even sure that it was police that took money from you??? If not, how is this a state vs police case? Seems like an advanced level Jamtara nonsense to me. I hope some solution comes out soon.', '14bfy1q'], ['u/PizzaOpen9340', 12, '2023-06-17 07:51', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofw5g3/', "People don't have financial literacy, and the level of authenticity these frauds are resorting to makes at least 2-5 people out of the hundreds they call , fall for the scam", '14bfy1q'], ['u/arjunk87', 27, '2023-06-17 08:27', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jofyv8f/', "I follow the one golden rule. Never send money to a stranger no matter what they tell us. If he is Police, let him prosecute/arrest after filing charges. That should not be the worry. Once money goes it's hard or impossible to retrieve. Why would he ask to send money? Basic common sense is required.", '14bfy1q'], ['u/Regptilian', 10, '2023-06-17 12:38', 'https://www.reddit.com/r/LegalAdviceIndia/comments/14bfy1q/phishing_advice_needed/jogg0id/', 'To clarify, no real Police were ever involved in this scam. This a very sophisticated scam where con artists pretend to be Fedex employees or Police. They have setup an automated voice call and whoever presses 1 gets redirected to a real person and the scam starts.\n\nI had also received the same call and they told me the package had Weed and some other things in it. A simple google search "Fedex Scam" confirmed that this was fake and when i confronted them and threatened to report to Cyber Police, they quietly disconnected. These calls come from a 9 digit indian number.\n\nYou should inform your lawyers about this and get you case realigned with this though I am not sure how much this will help.', '14bfy1q']]], ['u/scottonfire', 'history repeating itself? Blackrock BTC ETF...', 73, '2023-06-17 05:36', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/', "Gold prices have been manipulated for years. Okay, spoofing, but the real rub, I think, has been the ETF. ETF's are easy. I own some gold etf, so what is that? It's PAPER gold. So at first everyone buys the ETF and Blackrock will supposedly have to buy Bitcoin. So Bitcoin custody's Bitcoin and you buy paper. From there, manipulation. How? I don't know all their dirty tricks, but the futures market may come into play. Any insight would help, but I am NOT in favor of this ETF for Bitcoin's long-term potential.", 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/', '14bgb2u', [['u/Encid', 22, '2023-06-17 05:43', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofl1fd/', 'As long as it is one to one, and there is a protocol for proof of reserves every 6months or so, I don’t see a problem, it will open the flood gates to institutional investors and provide regulatory frame work.\n\nCanada already has bitcoin ETFs and they work just fine, they are even insured by CDIC through the brokerage.', '14bgb2u'], ['u/TrevReznik', 32, '2023-06-17 05:46', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/joflcm3/', 'The thing about Bitcoin is anyone can buy it and custody it. Putin can hold bitcoin, you can hold bitcoin and yes even Blackrock can hold bitcoin.', '14bgb2u'], ['u/modpr0be', 17, '2023-06-17 06:00', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofmpmv/', 'They know the halving is near, so they play ETF and put it all bet on futures.', '14bgb2u'], ['u/doug5209', 10, '2023-06-17 07:24', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofu0d9/', 'I tend to believe that a spot ETF would be good for bitcoin. Anything with a fixed supply and increased demand rises in value, and Blackrock getting this approved will definitely excelerate demand. Could there be some price manipulation, possibly. However, I believe the good far outweighs the potential dangers here.', '14bgb2u'], ['u/clue5tick', 10, '2023-06-17 07:29', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jofuef3/', 'You can hold Bitcoin only if you keep the keys.', '14bgb2u'], ['u/SooDamLucky', 46, '2023-06-17 08:45', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog05rj/', 'Wouldn’t all of Blackrock’s BTC transactions for a spot ETF be visible on the blockchain? IOW, couldn’t they be somewhat publicly audited to prevent the type of manipulation that occurred with a gold ETF?', '14bgb2u'], ['u/adelaide_astroguy', 16, '2023-06-17 09:21', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog2roc/', 'They just appear as coinbase', '14bgb2u'], ['u/road22', 10, '2023-06-17 09:27', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog353c/', 'There are 2 sides to the equation. Sure Blackrock can show their allocated BTC wallet on coinsbase. But will they show the real number of clients they have or holdings? Will they change the minimum amount of BTC withdrawals to 100 coins?', '14bgb2u'], ['u/DaBTCStd10yrs', 11, '2023-06-17 09:31', 'https://www.reddit.com/r/Bitcoin/comments/14bgb2u/history_repeating_itself_blackrock_btc_etf/jog3gc9/', 'yeah, I believe that why the guy said "BlackRock holds", not BlackRock\'s investors', '14bgb2u']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, June 17, 2023', 27, '2023-06-17 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/', '14bgrg2', [['u/AcheInMyLeftEar', 11, '2023-06-17 07:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jofvtgc/', 'Things look alright, all things considered...plenty of room in both directions without crazy pain.', '14bgrg2'], ['u/BurtGummersHat', 16, '2023-06-17 07:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jofwnpx/', 'Late night musings: if Blackrock ETF gets approved, it has to at least be a part of your portfolio, right? Seems like a great thing to throw in a Roth and let ride, while also hedging with actual BTC.', '14bgrg2'], ['u/BurtGummersHat', 11, '2023-06-17 10:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jog714k/', "I mean, I honestly assume they have a back channel hand shake agreement anyway ala Billions or Succession. I don't think it's any coincidence how the timing played out.\n\nEven without any future interests in BTC, it seems like a no brainer, at least initially. Giving the masses a Blackrock ETF for that Bitcoin thingy? Straight gains.", '14bgrg2'], ['u/diydude2', 13, '2023-06-17 12:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogezb6/', 'All I know is that if Grayscale does not win its suit and Blackrock gets approved, there is no such thing as anything resembling justice in this world.', '14bgrg2'], ['u/NLNico', 10, '2023-06-17 13:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogltd6/', 'Yeah that was epic lol, def in top 10 trading memories. Even though I forgot if I profited or lost on it, just remember the unrealised PNL went crazy lol. Thanks for sharing.', '14bgrg2'], ['u/Outrageous-Net-7164', 11, '2023-06-17 15:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogwl7h/', 'Why am I suddenly getting loads of only fans birds messaging me in here ? Anyway of blocking this this ? \n\nMost are rotters too !', '14bgrg2'], ['u/imissusenet', 17, '2023-06-17 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14bgrg2/daily_discussion_saturday_june_17_2023/jogx2z3/', "Pre-shower thought:\n\nBlackrock ETF approval would be bad news for MSTR as an ETF proxy.\n\nPoint and Figure Update\n\nThe chart I maintain using Coinbase data has broken the downtrend line:\n\n[https://imgur.com/a/6rFmZZ9](https://imgur.com/a/6rFmZZ9)\n\nThe [Stockcharts.com](https://Stockcharts.com) chart hasn't yet:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR[PA][D][F1!3!1.0!!0!20])\n\nHappy Father's Day to those who sewed their wild oats and didn't experience crop failure.", '14bgrg2']]], ['u/rBitcoinMod', 'Daily Discussion, June 17, 2023', 33, '2023-06-17 08:06', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14aoozi/daily_discussion_june_16_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/', '14bj1hw', [['u/BitcoinMoonLanding', 13, '2023-06-17 08:08', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/jofxfqh/', 'To the moon.', '14bj1hw'], ['u/Dizzy_Space_Invader', 10, '2023-06-17 08:19', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/jofybev/', 'Big institutions now hoovering up the Bitcoin dropped by the lettuce hands.', '14bj1hw'], ['u/NectarineDirect936', 13, '2023-06-17 10:05', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/jog5rjy/', 'Not me, fast forwarded my dca actually', '14bj1hw'], ['u/Totallynotfakenews', 25, '2023-06-17 19:18', 'https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/johnxnr/', 'PSA: This subreddit’s membership is pumping unnaturally. In the next few months there could be some push for a hard fork or to abandon self custody. Remember there is no consensus online. The only consensus you should pay attention to is the Bitcoin blockchain.', '14bj1hw']]], ['u/Xotiah', 'how to put the bitcoin in the calculator?', 33, '2023-06-17 08:24', 'https://www.reddit.com/r/Bitcoin/comments/14bjcsf/how_to_put_the_bitcoin_in_the_calculator/', '🤷\u200d♂️', 'https://i.redd.it/c8w1szzoui6b1.jpg', '14bjcsf', [['u/Nemozoli', 10, '2023-06-17 11:48', 'https://www.reddit.com/r/Bitcoin/comments/14bjcsf/how_to_put_the_bitcoin_in_the_calculator/jogcj7f/', 'making 5V from 9V, so both are correct', '14bjcsf']]], ['u/Suspicious-Local-901', 'Some nice literature while travelling', 29, '2023-06-17 09:01', 'https://www.reddit.com/r/Bitcoin/comments/14bk10y/some_nice_literature_while_travelling/', 'For my Dutch Bitcoiners. I can only recommend this one.\nSpecially for the beginners.', 'https://i.redd.it/ski0e62h1j6b1.jpg', '14bk10y', [['u/Technical-Land3714', 10, '2023-06-17 10:13', 'https://www.reddit.com/r/Bitcoin/comments/14bk10y/some_nice_literature_while_travelling/jog6a96/', 'All of them are centralized scams, keep your wealth completely decentralized, which means Bitcoin for clarification cause that’s obviously needed, or get scammed.', '14bk10y'], ['u/Verallendingen', 16, '2023-06-17 10:36', 'https://www.reddit.com/r/Bitcoin/comments/14bk10y/some_nice_literature_while_travelling/jog7tt9/', 'bitcoin only.', '14bk10y']]], ['u/PelotonMod', '[Race Thread] 2023 Tour de Suisse - Stage 7 (2.UWT)', 28, '2023-06-17 10:01', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/', '\n\| Date \| From > To \| Length \| Profile \| Finish \| Time \|\n\|-\|-\|-\|-\|-\|-\|-\|\n\|June 17th\|[Tübach - Weinfelden](https://imgur.com/VhEF19L) \|179.8 km \|[Medium mountains](https://imgur.com/BtcADY4)\|Flat\| 12:15 - 16:35 [CEST](http://www.timebie.com/std/brussels.php?q=16)\|\n\n\|\|\|\n\|-\|-\|\n\|Information\| [Official Site](https://www.tourdesuisse.ch/en/) / [Startlist FC](https://firstcycling.com/race.php?r=16&y=2023&k=8) \n\|Social Media\|[Instagram](https://www.instagram.com/tourdesuisse_official/) / [Twitter](https://twitter.com/tds)\n\|Previews\|?\n\|TV & Streams\| Eurosport/GCN+ at 14:35 CEST\n---\n* For a live chat way to discuss/follow the race we [have a discord too](https://discord.gg/RgBftaX)!', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/', '14bl30b', [['u/leobog', 31, '2023-06-17 10:15', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jog6gik/', 'Both Bahrain Victorious and Tudor Teams DNS\n\nhttps://twitter.com/BHRVictorious/status/1669933809830117376?cxt=HHwWgIC21fn85awuAAAA\n\nhttps://twitter.com/TudorProCycling/status/1669953378443575297?cxt=HHwWgoC-mf_v7qwuAAAA', '14bl30b'], ['u/searchhhh', 22, '2023-06-17 10:32', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jog7kfz/', 'ICW as well\n\nhttps://twitter.com/IntermarcheCW/status/1669980493947781120', '14bl30b'], ['u/Heavy_Mycologist_104', 20, '2023-06-17 10:33', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jog7lqd/', 'Intermarche also have withdrawn', '14bl30b'], ['u/epi_counts', 22, '2023-06-17 11:18', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogaluz/', "It's what other races have done. Though just the existence of a whole list of races that have had to make the same decision is even more sad.", '14bl30b'], ['u/woogeroo', 19, '2023-06-17 11:19', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/joganoj/', 'There are mountain descents elsewhere on the course that are raced, I don’t see what difference it makes at all skipping the final one. \n\nDescending is a part of cycling, and a big advantage for some riders like Ayuso, Pidcock, can’t just remove it. \n\nIt’s a reactionary safety theatre that will make zero difference in the long run.', '14bl30b'], ['u/TheRollingJones', 18, '2023-06-17 11:20', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogar83/', 'I think the best way to proceed is to listen to Gino’s family and to the majority of the peloton. Seems like they chose to race.', '14bl30b'], ['u/Jadenindubai', 33, '2023-06-17 11:22', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogatwp/', "After consultation with the PCP we confirm the following for today's stage:\n- race will happen as planned on normal course and with the normal schedule\n- it's a race\n- time for GC will be taken at the 25km mark\n- no bonus seconds will be awarded at the Tissot sprints\n- no bonus seconds will be awarded at the finish line\n- all other classification will be raced as normal.\n\nThis is the final decision on the topic. Thank you for your cooperation und understanding.\n\nWishing you a good race.\n\nPCS reporting this", '14bl30b'], ['u/woogeroo', 19, '2023-06-17 11:24', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogb0ig/', 'At this point has there been any analysis of the crash site that would indicate the roads or course in general is unsafe? \n\nOtherwise, arbitrary changes “for safety” may have unforeseen consequences and aren’t based on any evidence. \n\nI fully respect the riders not wanting to ride or push it downhill, not really clear how this helps.', '14bl30b'], ['u/zyygh', 54, '2023-06-17 11:25', 'https://www.reddit.com/r/peloton/comments/14bl30b/race_thread_2023_tour_de_suisse_stage_7_2uwt/jogb31q/', 'A positive thing here is that there seems to be tolerance across the board for how each individual deals with such tragedy.\n\nMany ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Gryphon adds another experienced premier bitcoin mining CFO LAS VEGAS , June 18, 2023 /PRNewswire-PRWeb/ -- Gryphon Digital Mining, Inc. ("Gryphon," "Gryphon Mining," or the "Company") today announced Sim Salzman as its newly appointed Chief Financial Officer. Sim\'s history includes the CFO role at Marathon Digital Holdings, ("Marathon") which grew its market cap from $500 million to approximately $8 billion within Sim\'s first 12 months. Mr. Salzman brings over 20 years of experience in public and private accounting serving clients in a variety of industries, including bitcoin mining. Sim spent over two years at Marathon where he led the finance function as its Chief Financial Officer and Chief Accounting Officer. Prior to Marathon, Sim held CFO roles for various companies including the Las Vegas Monorail Company. Sim also has extensive experience in senior auditor roles at BDO US and RSM US. Sim holds a BS in Accounting and a BA in Criminal Justice from the University of Maryland . "The public bitcoin mining space is only a few years old and experienced executives who have successfully navigated the companies within it are rare." said Rob Chang , CEO of Gryphon Digital Mining. "With Sim we are delighted to add another experienced CFO from a significant publicly traded bitcoin miner to add to our blue-chip team." Investors can learn more about Gryphon by visiting https://gryphondigitalmining.com/ and following it on Twitter @GryphonMining . About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid. With a talented leadership team coming from globally recognized brands, Gryphon is assembling thought leaders to improve digital asset network infrastructure. Its Bitcoin mining operation has a net carbon-negative strategy. More information is available on https://gryphondigitalmining.com/ . Story continues Additional Information and Where to Find It This communication may be deemed to be solicitation material with respect to the proposed transactions between Akerna and Gryphon and between Akerna and MJ Acquisition Co. In connection with the proposed transactions, Akerna has filed relevant materials with the United States Securities and Exchange Commission, or the SEC, including a registration statement on Form S-4 that contains a prospectus and a proxy statement. Akerna will mail the proxy statement/prospectus to the Akerna stockholders, and the securities may not be sold or exchanged until the registration statement becomes effective. Investors and securityholders of Akerna and Gryphon are urged to read these materials because they will contain important information about Akerna, Gryphon and the proposed transactions. This communication is not a substitute for the registration statement, definitive proxy statement/prospectus or any other documents that Akerna may file with the SEC or send to securityholders in connection with the proposed transactions. Investors and security holders may obtain free copies of the documents filed with the SEC on Akerna\'s website at http://www.akerna.com , on the SEC\'s website at http://www.sec.gov or by directing a request to Akerna\'s Investor Relations at (516) 419-9915. This communication is not a proxy statement or a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transactions, and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Participants in the Solicitation Each of Akerna, Gryphon, MJ Acquisition Co. and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Akerna in connection with the proposed transactions. Information about the executive officers and directors of Akerna is set forth in Akerna\'s Definitive Proxy Statement on Schedule 14A relating to the 2022 Annual Meeting of Stockholders, filed with the SEC on April 19, 2022 . Other information regarding the interests of such individuals, who may be deemed to be participants in the solicitation of proxies for the stockholders of Akerna, is set forth in the proxy statement/prospectus included in Akerna\'s registration statement on Form S-4. You may obtain free copies of these documents as described above. Cautionary Statements Regarding Forward-Looking Statements This press release contains forward-looking statements based upon the current expectations of Gryphon and Akerna. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (i) the risk that the conditions to the closing of the proposed transactions are not satisfied, including the failure to timely obtain stockholder approval for the transactions, if at all; (ii) uncertainties as to the timing of the consummation of the proposed transactions and the ability of each of Akerna, Gryphon and MJ Acquisition Co. to consummate the proposed merger or asset sale, as applicable; (iii) risks related to Akerna\'s ability to manage its operating expenses and its expenses associated with the proposed transactions pending closing; (iv) risks related to the failure or delay in obtaining required approvals from any governmental or quasi-governmental entity necessary to consummate the proposed transactions; (v) the risk that as a result of adjustments to the exchange ratio, Akerna stockholders and Gryphon stockholders could own more or less of the combined company than is currently anticipated; (vi) risks related to the market price of Akerna\'s common stock relative to the exchange ratio; (vii) unexpected costs, charges or expenses resulting from either or both of the proposed transactions; (viii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transactions; (ix) risks related to the inability of the combined company to obtain sufficient additional capital to continue to advance its business plan; and (x) risks associated with the possible failure to realize certain anticipated benefits of the proposed transactions, including with respect to future financial and operating results. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section titled "Risk Factors" in Akerna\'s Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 , each filed with the SEC, and in other filings that Akerna makes and will make with the SEC in connection with the proposed transactions, including the proxy statement/prospectus described under "Additional Information and Where to Find It." You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. Except as required by law, Akerna and Gryphon expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. Media Contact Rob Chang , Gryphon Digital Mining, (877) 646-3374, [email protected] SOURCE Gryphon Digital Mining', 'Gryphon adds another experienced premier bitcoin mining CFO LAS VEGAS , June 18, 2023 /PRNewswire-PRWeb/ -- Gryphon Digital Mining, Inc. ("Gryphon," "Gryphon Mining," or the "Company") today announced Sim Salzman as its newly appointed Chief Financial Officer. Sim\'s history includes the CFO role at Marathon Digital Holdings, ("Marathon") which grew its market cap from $500 million to approximately $8 billion within Sim\'s first 12 months. Mr. Salzman brings over 20 years of experience in public and private accounting serving clients in a variety of industries, including bitcoin mining. Sim spent over two years at Marathon where he led the finance function as its Chief Financial Officer and Chief Accounting Officer. Prior to Marathon, Sim held CFO roles for various companies including the Las Vegas Monorail Company. Sim also has extensive experience in senior auditor roles at BDO US and RSM US. Sim holds a BS in Accounting and a BA in Criminal Justice from the University of Maryland . "The public bitcoin mining space is only a few years old and experienced executives who have successfully navigated the companies within it are rare." said Rob Chang , CEO of Gryphon Digital Mining. "With Sim we are delighted to add another experienced CFO from a significant publicly traded bitcoin miner to add to our blue-chip team." Investors can learn more about Gryphon by visiting https://gryphondigitalmining.com/ and following it on Twitter @GryphonMining . About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid. With a talented leadership team coming from globally recognized brands, Gryphon is assembling thought leaders to improve digital asset network infrastructure. Its Bitcoin mining operation has a net carbon-negative strategy. More information is available on https://gryphondigitalmining.com/ . Story continues Additional Information and Where to Find It This communication may be deemed to be solicitation material with respect to the proposed transactions between Akerna and Gryphon and between Akerna and MJ Acquisition Co. In connection with the proposed transactions, Akerna has filed relevant materials with the United States Securities and Exchange Commission, or the SEC, including a registration statement on Form S-4 that contains a prospectus and a proxy statement. Akerna will mail the proxy statement/prospectus to the Akerna stockholders, and the securities may not be sold or exchanged until the registration statement becomes effective. Investors and securityholders of Akerna and Gryphon are urged to read these materials because they will contain important information about Akerna, Gryphon and the proposed transactions. This communication is not a substitute for the registration statement, definitive proxy statement/prospectus or any other documents that Akerna may file with the SEC or send to securityholders in connection with the proposed transactions. Investors and security holders may obtain free copies of the documents filed with the SEC on Akerna\'s website at http://www.akerna.com , on the SEC\'s website at http://www.sec.gov or by directing a request to Akerna\'s Investor Relations at (516) 419-9915. This communication is not a proxy statement or a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transactions, and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Participants in the Solicitation Each of Akerna, Gryphon, MJ Acquisition Co. and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Akerna in connection with the proposed transactions. Information about the executive officers and directors of Akerna is set forth in Akerna\'s Definitive Proxy Statement on Schedule 14A relating to the 2022 Annual Meeting of Stockholders, filed with the SEC on April 19, 2022 . Other information regarding the interests of such individuals, who may be deemed to be participants in the solicitation of proxies for the stockholders of Akerna, is set forth in the proxy statement/prospectus included in Akerna\'s registration statement on Form S-4. You may obtain free copies of these documents as described above. Cautionary Statements Regarding Forward-Looking Statements This press release contains forward-looking statements based upon the current expectations of Gryphon and Akerna. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (i) the risk that the conditions to the closing of the proposed transactions are not satisfied, including the failure to timely obtain stockholder approval for the transactions, if at all; (ii) uncertainties as to the timing of the consummation of the proposed transactions and the ability of each of Akerna, Gryphon and MJ Acquisition Co. to consummate the proposed merger or asset sale, as applicable; (iii) risks related to Akerna\'s ability to manage its operating expenses and its expenses associated with the proposed transactions pending closing; (iv) risks related to the failure or delay in obtaining required approvals from any governmental or quasi-governmental entity necessary to consummate the proposed transactions; (v) the risk that as a result of adjustments to the exchange ratio, Akerna stockholders and Gryphon stockholders could own more or less of the combined company than is currently anticipated; (vi) risks related to the market price of Akerna\'s common stock relative to the exchange ratio; (vii) unexpected costs, charges or expenses resulting from either or both of the proposed transactions; (viii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transactions; (ix) risks related to the inability of the combined company to obtain sufficient additional capital to continue to advance its business plan; and (x) risks associated with the possible failure to realize certain anticipated benefits of the proposed transactions, including with respect to future financial and operating results. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section titled "Risk Factors" in Akerna\'s Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 , each filed with the SEC, and in other filings that Akerna makes and will make with the SEC in connection with the proposed transactions, including the proxy statement/prospectus described under "Additional Information and Where to Find It." You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. Except as required by law, Akerna and Gryphon expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. Media Contact Rob Chang , Gryphon Digital Mining, (877) 646-3374, [email protected] SOURCE Gryphon Digital Mining', 'Crypto marketsrecovereda tad this week on news that U.S. inflation appears to have cooled off. General clamor continued on Twitter over the Securities and Exchange Commission’s (SEC) crackdown of the sector, in which the regulator filed two high-profile lawsuits against exchange titans Coinbase and Binance last week.\nOn Monday, Fox journalist Eleanor Terrett shared a transcription of remarks by SEC Chair Gary Gensler, who maintains that cryptocurrencies can be regulated under existing securities laws.\nMany in the industry say Gensler is disingenuous for implying that it’s easy to register with the SEC. Gemini co-founder Cameron Winklevoss says Gensler is full of hot air.\nMonday kicked off a critical 36 hours for crypto, according to Web3 law expert MetaLawMan.\nThat morning, Rep. Warren Davidson (R-Ohio) tweeted about a new SEC reform bill that he’d created with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has oftenblastedGensler for driving the industry offshore through heavy handed enforcement actions.\nU.S. regulators are getting stablecoins so wrong, tweeted venture capitalist and Bitcoin fan Nic Carter.\nThat day, Messari founder and CEO Ryan Selkis shared some incriminating footage of Gary Gensler.\nOn Tuesday, blockchain publishing protocol LBRY appeared to throw Ethereum under the bus.\nCrypto researcher Molly White spent the morning fending off some incompetent Bitcoin maxis.\nCoinbase’s Chief Legal Officer Paul Grewal vented his disappointment with the SEC’s intransigence during a recent courtroom skirmish in which the exchange appealed to the court to (again) ask the regulator to clarify its rules on crypto.\nFormer Twitter co-founder and now Block CEO Jack Dorsey believes Bitcoin has a place in Apple’s App Store.\nBy midweek heat was coming at the SEC from all angles. The Republicans of the U.S. House Committee on Financial Services issued a sharp letter opposing the SEC’s proposal to amend the definition of "exchange."\nOne of the strange subplots running through the news this week was the emergence of Prometheum, a company with obscure origins that few had ever heard about before, but that now has the ear of Congress, where it is apparently listened to as the voice of sensible [read: SEC–flattering] compliance. Venture capitalist Matt Walsh wrote a brilliant and lengthy thread covering the main points.\nRipple’s Chief Legal Officer Stuart Alderoty thought he saw a Percy Bysshe Shelly reference in the name. However, the nineteenth century poem he refers to here is calledPrometheus Unbound, and the mythic subtext he summarizes is actually from the Greek myth of Prometheus, the titan that stole fire from the gods to give to humanity.\nCameron Winkevoss’s twin and fellow Gemini co founder Tyler Winklevoss says that Prometheum offers a model for getting on Gensler’s good side.', 'Illustration by Mitchell Preffer for Decrypt Crypto markets recovered a tad this week on news that U.S. inflation appears to have cooled off. General clamor continued on Twitter over the Securities and Exchange Commission’s (SEC) crackdown of the sector, in which the regulator filed two high-profile lawsuits against exchange titans Coinbase and Binance last week. On Monday, Fox journalist Eleanor Terrett shared a transcription of remarks by SEC Chair Gary Gensler, who maintains that cryptocurrencies can be regulated under existing securities laws. 🚨NEW: @SECGov Chairman @GaryGensler ’s remarks before the Piper Sandler Global Exchange & Fintech Conference. “I disagree with the notion- and recent history disproves it -that crypto intermediary compliance isn\'t possible.” Full speech in link 👇🏼 https://t.co/QCEsQ1Ar6Y pic.twitter.com/tAiwudaAmT — Eleanor Terrett (@EleanorTerrett) June 12, 2023 Many in the industry say Gensler is disingenuous for implying that it’s easy to register with the SEC. Gemini co-founder Cameron Winklevoss says Gensler is full of hot air. A 10 year-long registration process with no end in sight! https://t.co/CfdNbsNoFe — Cameron Winklevoss (@cameron) June 11, 2023 Monday kicked off a critical 36 hours for crypto, according to Web3 law expert MetaLawMan. The next 36 hrs will be critical for crypto. Today 5 pm: @Binance files its opposition to SEC\'s motion for order freezing assets of @BinanceUS Tomorrow 2 pm: Hearing on SEC\'s motion to freeze assets Tomorrow (sometime): Release of summary judgment exhibits (including Hinman… — MetaLawMan (@MetaLawMan) June 12, 2023 That morning, Rep. Warren Davidson (R-Ohio) tweeted about a new SEC reform bill that he’d created with Rep. Tom Emmer (R-MN)—the pro-crypto House Majority Whip who has often blasted Gensler for driving the industry offshore through heavy handed enforcement actions. Story continues @GOPMajorityWhip Tom Emmer joined me in this critical fight to protect our markets: “American investors and industry deserve clear and consistent oversight, not political gamesmanship. The SEC Stabilization Act will make common-sense changes to ensure that the SEC’s priorities… — Warren Davidson 🇺🇸 (@WarrenDavidson) June 12, 2023 U.S. regulators are getting stablecoins so wrong, tweeted venture capitalist and Bitcoin fan Nic Carter. US crypto policy in one chart: Since Jan 1 2023, USDT supply is up $16.7b, USDC supply is down $14b. US policymakers have successfully pushed investors out of onshore, regulated stables, into offshore, unregulated stables. Biggest self-own in recent memory. pic.twitter.com/DEKb050DuQ — nic 🌠 carter (@nic__carter) June 12, 2023 That day, Messari founder and CEO Ryan Selkis shared some incriminating footage of Gary Gensler. Chair Gensler in 2018 at a Bloomberg conference in NYC: “Bitcoin. Ether. Litecoin. Bitcoin Cash. Why did I name those four? They’re not securities.” What’s Goldman Gary going to say about this one? Deep fake? pic.twitter.com/p7DJlYkJIt — Ryan Selkis 🪳 (@twobitidiot) June 12, 2023 On Tuesday, blockchain publishing protocol LBRY appeared to throw Ethereum under the bus. Really regretting that we didn\'t bribe the SEC like Ethereum did. If you get the chance to bribe government officials, please do it. It\'s worth every penny. — LBRY 🚀 (@LBRYcom) June 13, 2023 Crypto researcher Molly White spent the morning fending off some incompetent Bitcoin maxis. out of the two bitcoiners who tried to attack me this morning, one of them couldn\'t figure out who pays me even though i disclose it everywhere, and the other somehow mistook me for a "web3 shitcoin scamm[er]" pic.twitter.com/bZtXWuJZk3 — Molly White (@molly0xFFF) June 13, 2023 Coinbase’s Chief Legal Officer Paul Grewal vented his disappointment with the SEC’s intransigence during a recent courtroom skirmish in which the exchange appealed to the court to (again) ask the regulator to clarify its rules on crypto. 4) they ignore the clear statements of the Chair that confirm they have no intent to issue new rules, and instead conflate the evidence of a decision those statements provide with an argument that the statements are themselves a decision. 3/5 — paulgrewal.eth (@iampaulgrewal) June 13, 2023 Former Twitter co-founder and now Block CEO Jack Dorsey believes Bitcoin has a place in Apple’s App Store. Facts. Apple building on and with bitcoin would benefit their company immensely. Apple has been so great at taking early technologies and protocols and making them easy for everyone. I hope they are considering this one deeply. I imagine they are. https://t.co/vS664iySYv — jack (@jack) June 13, 2023 By midweek heat was coming at the SEC from all angles. The Republicans of the U.S. House Committee on Financial Services issued a sharp letter opposing the SEC’s proposal to amend the definition of "exchange." #NEW : All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants. 👇Read more 🔗 https://t.co/qcu1OK6Tkk pic.twitter.com/AQFpMWDPaD — Financial Services GOP (@FinancialCmte) June 13, 2023 The Prometheum subplot One of the strange subplots running through the news this week was the emergence of Prometheum, a company with obscure origins that few had ever heard about before, but that now has the ear of Congress, where it is apparently listened to as the voice of sensible [read: SEC–flattering] compliance. Venture capitalist Matt Walsh wrote a brilliant and lengthy thread covering the main points. Last month, in the midst of the SEC bringing cases on Coinbase + Gemini, and giving the stiff arm to Robinhood and others, Prometheum gets approval for a first of its kind Special Purpose Broker-Dealer (SPBD) for digital asset securities… — Matt Walsh (@MattWalshInBos) June 14, 2023 Ripple’s Chief Legal Officer Stuart Alderoty thought he saw a Percy Bysshe Shelly reference in the name. However, the nineteenth century poem he refers to here is called Prometheus Unbound , and the mythic subtext he summarizes is actually from the Greek myth of Prometheus, the titan that stole fire from the gods to give to humanity. If I remember correctly, the moral of the 19th century opus - - Prometheu[m] Unbound - - is that it\'s\u200b more heroic to actively support justice for all\u200b, and suffer the punishment, than \u200b\u200bstrike a deal with a corrupt authority for the sake of personal comfort and gain. — Stuart Alderoty (@s_alderoty) June 15, 2023 Cameron Winkevoss’s twin and fellow Gemini co founder Tyler Winklevoss says that Prometheum offers a model for getting on Gensler’s good side. The @SECGov has chosen to sue @Gemini , @coinbase , and @krakenfx for not complying with securities laws and yet at the same time has approved @PrometheumInc . Here are some highlights that set Prometheum apart: -Failed to launch a product in 6 years -Hired multiple former SEC and… https://t.co/YsgUCcIjM5 — Tyler Winklevoss (@tyler) June 15, 2023', "There is a new protocol that allows users to create and share digital objects on Ethereum. They are called Ethscriptions\x97an apparent tip of the hat to Inscriptions, a similar project by Ordinals deployed on the Bitcoin network. Developed by Tom Lehman, co-founder and former CEO of Genius.com , the project launched on Saturday and saw explosive interest. Nearly 30,000 Ethscriptions were created in less than 18 hours, according to Lehman, who tweeted that the launch was a \x93huge success.\x94 Ethscriptions enable non-financial and arbitrary data to be written into the main Ethereum blockchain. Users can inscribe any type of file provided it is under 96 kilobytes in size. According to its creator, however, it currently only allows for images\x97but that will change in the future. These inscriptions leverage what\x92s known as Ethereum \x93calldata,\x94 which refers to the data provided within a call made to a smart contract. According to Lehman, the protocol is cheaper and more decentralized than using contract storage. The [protocol] \x93guarantees global uniqueness of the content of all valid Ethscriptions,\x94 the creator tweeted , saying that \x93it's skating to where the puck is going in an L2 world.\x94 Passing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone Lehman, perhaps in a bid for notoriety, called for famed NFT collection Crypto Punks to be \x93ethscribed.\x94 It successfully sparked a frenzy, and copies of the 10,000 images were inscribed in a matter of hours. The launch echoes the Ordinals launch on Bitcoin, NFT-style images and other non-financial data included in the main chain\x92s ledger. The arrival of Ordinals, however, triggered dismay from many in the maximalist community. The difference in reception is the Ethereum community\x92s apparent openness to innovation and experimentation. \x93The exciting thing for me about Ethscriptions, similar to Ordinals, is that developers are playing around again with blockchain technology,\x94 self-proclaimed NFT archaeologist Adam McBride told Decrypt . \x93It\x92s this experimentation that drives innovation and adoption,\x94 Story continues Ordinals Is Drawing Former Ethereum Devs to Build on Bitcoin Much like the Ordinal craze , this weekend has seen significant interest from new protocol users. This led Ethscriptions to suffer several periods of downtime, with Lehman tweeting , \x93Sorry everything is crashing! Too many people.\x94 Although this weekend brought an impressive debut for the protocol, some say it already existed. McBride says this technology has been around for years, with certain artists already using it in their work. Still, he told Decrypt \x93this is the first time it\x92s gained widespread awareness.\x94 Whether Ethscriptions are a fly-by-night fad or an exciting new trend will ultimately be determined by the community.", "There is a new protocol that allows users to create and share digital objects on Ethereum. They are called Ethscriptions—an apparent tip of the hat to Inscriptions, a similar project byOrdinalsdeployed on the Bitcoin network.\nDeveloped by Tom Lehman, co-founder and former CEO ofGenius.com, the project launched on Saturday and saw explosive interest. Nearly 30,000 Ethscriptions were created in less than 18 hours, according to Lehman, whotweetedthat the launch was a “huge success.”\nEthscriptionsenable non-financial and arbitrary data to be written into the main Ethereum blockchain. Users can inscribe any type of file provided it is under 96 kilobytes in size. According to its creator, however, it currentlyonly allowsfor images—but that will change in the future.\nThese inscriptions leverage what’s known asEthereum“calldata,” which refers to the data provided within a call made to a smart contract.Accordingto Lehman, the protocol is cheaper and more decentralized than using contract storage.\nThe [protocol] “guarantees global uniqueness of the content of all valid Ethscriptions,” the creatortweeted, saying that “it's skating to where the puck is going in an L2 world.”\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nLehman, perhaps in a bid for notoriety, called for famed NFT collectionCrypto Punksto be “ethscribed.” It successfully sparked a frenzy, and copies of the 10,000 images wereinscribedin a matter of hours.\nThe launch echoes the Ordinals launch on Bitcoin, NFT-style images and other non-financial data included in the main chain’s ledger. The arrival of Ordinals, however, triggered dismay from many in themaximalistcommunity.\nThe difference in reception is the Ethereum community’s apparent openness to innovation and experimentation.\n“The exciting thing for me about Ethscriptions, similar to Ordinals, is that developers are playing around again with blockchain technology,” self-proclaimed NFT archaeologistAdam McBridetoldDecrypt. “It’s this experimentation that drives innovation and adoption,”\nOrdinals Is Drawing Former Ethereum Devs to Build on Bitcoin\nMuch like theOrdinal craze, this weekend has seen significant interest from new protocol users. This led Ethscriptions to suffer several periods of downtime, withLehman tweeting, “Sorry everything is crashing! Too many people.”\nAlthough this weekend brought an impressive debut for the protocol, some say it already existed. McBride says this technology has been around for years, with certainartists already using itin their work.\nStill, he toldDecrypt“this is the first time it’s gained widespread awareness.”\nWhether Ethscriptions are a fly-by-night fad or an exciting new trend will ultimately be determined by the community.", "There is a new protocol that allows users to create and share digital objects on Ethereum. They are called Ethscriptions—an apparent tip of the hat to Inscriptions, a similar project byOrdinalsdeployed on the Bitcoin network.\nDeveloped by Tom Lehman, co-founder and former CEO ofGenius.com, the project launched on Saturday and saw explosive interest. Nearly 30,000 Ethscriptions were created in less than 18 hours, according to Lehman, whotweetedthat the launch was a “huge success.”\nEthscriptionsenable non-financial and arbitrary data to be written into the main Ethereum blockchain. Users can inscribe any type of file provided it is under 96 kilobytes in size. According to its creator, however, it currentlyonly allowsfor images—but that will change in the future.\nThese inscriptions leverage what’s known asEthereum“calldata,” which refers to the data provided within a call made to a smart contract.Accordingto Lehman, the protocol is cheaper and more decentralized than using contract storage.\nThe [protocol] “guarantees global uniqueness of the content of all valid Ethscriptions,” the creatortweeted, saying that “it's skating to where the puck is going in an L2 world.”\nPassing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone\nLehman, perhaps in a bid for notoriety, called for famed NFT collectionCrypto Punksto be “ethscribed.” It successfully sparked a frenzy, and copies of the 10,000 images wereinscribedin a matter of hours.\nThe launch echoes the Ordinals launch on Bitcoin, NFT-style images and other non-financial data included in the main chain’s ledger. The arrival of Ordinals, however, triggered dismay from many in themaximalistcommunity.\nThe difference in reception is the Ethereum community’s apparent openness to innovation and experimentation.\n“The exciting thing for me about Ethscriptions, similar to Ordinals, is that developers are playing around again with blockchain technology,” self-proclaimed NFT archaeologistAdam McBridetoldDecrypt. “It’s this experimentation that drives innovation and adoption,”\nOrdinals Is Drawing Former Ethereum Devs to Build on Bitcoin\nMuch like theOrdinal craze, this weekend has seen significant interest from new protocol users. This led Ethscriptions to suffer several periods of downtime, withLehman tweeting, “Sorry everything is crashing! Too many people.”\nAlthough this weekend brought an impressive debut for the protocol, some say it already existed. McBride says this technology has been around for years, with certainartists already using itin their work.\nStill, he toldDecrypt“this is the first time it’s gained widespread awareness.”\nWhether Ethscriptions are a fly-by-night fad or an exciting new trend will ultimately be determined by the community.", "A pricy EthereumNFTfrom one of Web3’s preeminent PFP collections has been permanently removed from circulation and symbolically tied to anOrdinalsinscription, as a group of Bitcoiners celebrate the costly, eye-catching endeavor.\nCryptoPunk #8611sold for around 55 Ethereum or $95,000 on Saturday, according toEtherescan. And hours later, the NFT was burned in a way that points toinscription 12,456,749, an NFT-like asset on Bitcoin that bears the same image as its predecessor.\nThe decision to effectively destroy CryptoPunk #8611 was a community-led effort conducted by Wolf Capital DeveloperNathan Steinon Twitter and holders ofBitcoin Bandits, a Western-themed collection of Ordinals inscriptions, a spokesperson for the project toldDecrypt.\n“The community rallied behind the idea like crazy,” the Bitcoin Bandits spokesperson said, adding that around 150 people contributed to the cause.\nNFT Trader Accidentally Burns $129K CryptoPunk\nWhen a digital asset is burned, it’s locked up for eternity in a digital wallet that nobody controls, and CryptoPunk #8611 has been put to rest in a well-known burnaddressthat also contains $21 million worth of Ethereum.\n“What a wild night,” an account named Minh on Twitter toldDecrypt, who also posted a video documenting the purchase and burning of CryptoPunk #8611. He described the move as “chaotic, yet beautiful.”\nOrdinals, a buzzy Bitcoin protocol that launched earlier this year, is used to create NFT-like assets on Bitcoin by “inscribing” data to individual satoshi, the smallest denomination of currency a Bitcoin can be broken down into. That data can include pictures, videos, or even plain text, which people have used to createBRC-20 tokens.\nWhile NFTs could be considered a nascent industry or an emerging frontier for digital art, Ordinals inscriptions are much more new, leading to a wave of hype,bugs, andscamssurrounding crypto’s oldest coin.\nAs the community surrounding Ordinals continues to take shape, siphoning off pricy NFTs from the Ethereum space and pointing them in the direction of other assets on Bitcoin is becoming a more common move, referred to as teleburning.\nSo, if Saturday’s CryptoPunk burn sounds somewhat familiar, that’s because it’s not the first time a pricy NFT has been burned by someone looking to symbolically shift an asset’s underlying chain from Ethereum to Bitcoin.\nBitcoin Ordinals Has a New Leader—And He's Ready to Be Its Creator's 'Shield'\nIn February, an NFT from the Bored Ape Yacht Club collection worth around $169,000 at the time wasburnedby Jason Williams, who toldDecryptnot long after that, essentially, “throwing a Lamborghini into a trash compactor” is kind of fun.\nNotably, Yuga Labs, creators of the Bored Ape Yacht Club, toldDecryptthat the Ordinals inscription tied to Williams’ BAYC NFT represents an illegitimate ape, explaining only tokens that come from the project's original smart contract are considered valid, granting holders commercial rights and access to events.\nHowever, unlike Williams’ maneuver, CryptoPunk #8611 wasn’t burned purely for entertainment, according to Stein.\nThe end goal is to create a series of Ordinals inscriptions that correspond to a slice of ownership in CryptoPunk #8611—even though the underlying asset itself can no longer be owned by anyone on its original chain.\nThat collection of inscriptions will be created after the one that currently points to CryptoPunk #8611 is ceremonially sent to a digital wallet that belongs to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, in what is effectively a one-way trip, Stein said in a tweet.\nMembers of the Bitcoin Bandits community who pooled funds together to purchase CryptoPunk #8611 have also been entered into a contest related to aseparateinscriptions project—but that’s beside the point, the spokesperson said.\n“Bandits did it more to show the way,” the spokesperson said. “The Bandits Community thinks that CryptoPunks deserve better than ETH.”", "A pricy EthereumNFTfrom one of Web3’s preeminent PFP collections has been permanently removed from circulation and symbolically tied to anOrdinalsinscription, as a group of Bitcoiners celebrate the costly, eye-catching endeavor.\nCryptoPunk #8611sold for around 55 Ethereum or $95,000 on Saturday, according toEtherescan. And hours later, the NFT was burned in a way that points toinscription 12,456,749, an NFT-like asset on Bitcoin that bears the same image as its predecessor.\nThe decision to effectively destroy CryptoPunk #8611 was a community-led effort conducted by Wolf Capital DeveloperNathan Steinon Twitter and holders ofBitcoin Bandits, a Western-themed collection of Ordinals inscriptions, a spokesperson for the project toldDecrypt.\n“The community rallied behind the idea like crazy,” the Bitcoin Bandits spokesperson said, adding that around 150 people contributed to the cause.\nNFT Trader Accidentally Burns $129K CryptoPunk\nWhen a digital asset is burned, it’s locked up for eternity in a digital wallet that nobody controls, and CryptoPunk #8611 has been put to rest in a well-known burnaddressthat also contains $21 million worth of Ethereum.\n“What a wild night,” an account named Minh on Twitter toldDecrypt, who also posted a video documenting the purchase and burning of CryptoPunk #8611. He described the move as “chaotic, yet beautiful.”\nOrdinals, a buzzy Bitcoin protocol that launched earlier this year, is used to create NFT-like assets on Bitcoin by “inscribing” data to individual satoshi, the smallest denomination of currency a Bitcoin can be broken down into. That data can include pictures, videos, or even plain text, which people have used to createBRC-20 tokens.\nWhile NFTs could be considered a nascent industry or an emerging frontier for digital art, Ordinals inscriptions are much more new, leading to a wave of hype,bugs, andscamssurrounding crypto’s oldest coin.\nAs the community surrounding Ordinals continues to take shape, siphoning off pricy NFTs from the Ethereum space and pointing them in the direction of other assets on Bitcoin is becoming a more common move, referred to as teleburning.\nSo, if Saturday’s CryptoPunk burn sounds somewhat familiar, that’s because it’s not the first time a pricy NFT has been burned by someone looking to symbolically shift an asset’s underlying chain from Ethereum to Bitcoin.\nBitcoin Ordinals Has a New Leader—And He's Ready to Be Its Creator's 'Shield'\nIn February, an NFT from the Bored Ape Yacht Club collection worth around $169,000 at the time wasburnedby Jason Williams, who toldDecryptnot long after that, essentially, “throwing a Lamborghini into a trash compactor” is kind of fun.\nNotably, Yuga Labs, creators of the Bored Ape Yacht Club, toldDecryptthat the Ordinals inscription tied to Williams’ BAYC NFT represents an illegitimate ape, explaining only tokens that come from the project's original smart contract are considered valid, granting holders commercial rights and access to events.\nHowever, unlike Williams’ maneuver, CryptoPunk #8611 wasn’t burned purely for entertainment, according to Stein.\nThe end goal is to create a series of Ordinals inscriptions that correspond to a slice of ownership in CryptoPunk #8611—even though the underlying asset itself can no longer be owned by anyone on its original chain.\nThat collection of inscriptions will be created after the one that currently points to CryptoPunk #8611 is ceremonially sent to a digital wallet that belongs to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, in what is effectively a one-way trip, Stein said in a tweet.\nMembers of the Bitcoin Bandits community who pooled funds together to purchase CryptoPunk #8611 have also been entered into a contest related to aseparateinscriptions project—but that’s beside the point, the spokesperson said.\n“Bandits did it more to show the way,” the spokesperson said. “The Bandits Community thinks that CryptoPunks deserve better than ETH.”"]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $515,258,984,750 - Hash Rate: 392955523.5448409 - Transaction Count: 439868.0 - Unique Addresses: 661930.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital. Insights: The crypto industry is spending less than other industries on lobbying. That may need to change. Prices CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,179.39 −18.1 ▼ 1.5% Bitcoin (BTC) $26,593 −517.1 ▼ 1.9% Ethereum (ETH) $1,798 −24.0 ▼ 1.3% S&P 500 daily close 4,191.98 −6.1 ▼ 0.1% Gold $1,981 +2.6 ▲ 0.1% Treasury Yield 10 Years 3.69% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning Asia, Bitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether is down 0.8% to $1,806. During the last month, bitcoin has primarily been in consolidation mode. Drifting downward ever so slowly, but still maintaining its value, down just 2% over the last 30 days – a much-needed break for investors from the roller-coaster of last year. “Bitcoin has corrected to levels between $27k and $25k. This is where we’d like to see some consolidation before a retest of $30k in the coming days,” Joe DiPasquale, CEO of BitBull Capital, said to CoinDesk in a note. “While the market may not rally in the near term, the price action is following expectations as we witness consolidation during bearish sentiment.” Meanwhile, Tornado Cash’s TORN token has begun to recover after the protocol’s DAO was the victim of vote fraud over the weekend. This attack – which was not an exploit or hack – involved an attacker putting forward a proposal that looked benign on the surface but allowed the attacker access to all governance votes via some hidden malicious code. Story continues In the aftermath, the protocol’s TORN token dropped 40% to $3.59 from $5.76, but is now recovering and up to $4.66. The Tornado Cash community is proposing solutions to revert the unauthorized code changes and considering creating a new contract with airdropped tokens for existing holders. Asset Ticker Returns DACS Sector Gala GALA −6.0% Entertainment Terra LUNA −4.5% Smart Contract Platform Solana SOL −4.3% Smart Contract Platform Insights The Crypto Industry's Lobbying Deficit A recent report from Washington, D.C.-based political watchdog Open Secrets shows that first-quarter federal lobbying has topped $1 billion for the second consecutive year. Some expected industries lead the rankings in lobbying spend: healthcare, finance, real estate and energy. Overall in 2022, industries and activist groups of all shapes and sizes spent $4.1 billion on federal lobbying efforts. As for crypto? Despite increasing regulatory hostility from D.C, crypto’s actual lobbying spend came in at $21.6 million for the year, according to Open Secrets data. Certainly, this is an increase from years prior, but as an industry with a market cap of just over $1 trillion, it wouldn’t even crack the top-20 list for lobbying spend. In comparison, big pharma spent $375.2 million in 2022. The automotive industry spent $82 million, and commercial banks paid $64.6 million to lobbyists that year. The industry's political contributions to election campaigns grew tenfold from 2020 to 2022, totaling $2.3 million in the latter, Open Secrets recently reported . Major contributors included Coinbase, which alone spent $3.4 million on lobbying. Open Secrets’ data shows that lobbying by crypto majors is up during the first quarter of the year. Tether has spent $270,000 lobbying in the first quarter of 2023, which doesn’t sound like much, but is a huge jump over its first quarter 2022 spend of $100,000. Tether's jump in lobbying spend during the first quarter of the year (OpenSecrets) The Blockchain Association is up as well , to $490,000 spent this quarter compared to $460,000 for the same time last year. Stablecoin issuer Paxos also saw a huge jump , with its lobbying spend rising from $50,000 in Q1 2022 to $80,000 this past quarter. Of course, this is all dwarfed by TradFi lobbying spending. The American Bankers Association spent $2 million during this past quarter , while Citigroup spent $1.4 million. Sadly, successful businesses need to lobby to become more successful. That’s just the nature of modern politics. And it looks like crypto must do more of it. Important events. Bitcoin Pizza Day The Future of U.K. Crypto Regulation 9:15 a.m. HKT/SGT(1:15 a.m. UTC): People's Bank of China interest rate decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ripple Exec Discusses CBDC Platform Rollout; Axie Infinity Game Debuts on Apple App Store in Key Markets Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Ripple Vice President of Central Bank Engagements and CBDCs James Wallis joined "First Mover" to discuss. Plus, Sky Mavis, which is behind NFT project Axie Infinity, is launching its Axie Infinity: Origins card game on the Apple App Store in key markets where the game is most popular. Sky Mavis co-founder Jeffrey 'Jihoz' Zirlin shared his insights. Bitwise Asset Management President Teddy Fusaro and Southern Methodist University Dedman School of Law assistant professor Carla Reyes also joined the conversation. Headlines Bitcoin Payments App Strike Expands to More Than 65 Countries From Three: Strike, led by Jack Mallers, currently operates in the U.S. and El Salvador. Now it's pushing into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean – from Antigua and Barbuda to Vanuatu and Zambia. Sotheby's Auctions Part of 3AC's Rare NFT Collection, Bringing In $2.4 Million: The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187. Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield: The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital. U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M: An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday. Ledger’s Hard Lesson: Being Right Isn't Good Enough: Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way.... - Reddit Posts (Sample): [['u/RuneW007', 'How and when did you first hear about Bitcoin?', 31, '2023-06-18 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/', 'My very first time hearing about Bitcoin was late 2016 when Btc was around 700$ a coin. I was watching a Youtube video about some guy purchasing stuff on the dark web, like Iphones and hacked streaming accounts. The guy was spending some Bitcoins to test if you could really buy these things on the dark web and if these things really got delivered to your house. If i remember correctly, he got scammed and he never received the Iphone that he bought for around 1 BTC. Looking in hindsight, this was a very expensive Iphone that he never received. \n\nSo I came here to hear about your stories about how and when you first discovered Bitcoin and if you unlike me decided to invest some money in the coin that we now all love. So share your story for us.', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/', '14c3hgk', [['u/Therowerr', 19, '2023-06-18 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joiqsj9/', "I hope i can say 2009, the only time that i missed a huge chance to become Jeff Bezos's friend.", '14c3hgk'], ['u/dick_piana', 15, '2023-06-18 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joiqu3h/', "On a certain imageboard, it was pretty much as soon as it was created. Didn't understand it and thought it was a scam.", '14c3hgk'], ['u/pure94', 16, '2023-06-18 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joirepn/', 'Silkroad was the gateway for myself and my circle of friends', '14c3hgk'], ['u/Mr_Bob_Ferguson', 11, '2023-06-18 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/jois569/', ">Didn't understand it and thought it was a scam.\n\nThat describes most of the world's population as of 18 June 2023.", '14c3hgk'], ['u/rootpl', 12, '2023-06-18 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joiugzz/', 'I heard about it around 2010 and my then very nerdy (in a bad way) friend talked about it like it was a second coming of Christ and I thought "that\'s just dumb" if it wasn\'t him explaining it to me I\'d probably invest... just a wrong person in a wrong time. Feels bad man...', '14c3hgk'], ['u/chadman350', 13, '2023-06-18 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14c3hgk/how_and_when_did_you_first_hear_about_bitcoin/joivq0p/', 'Bought some to use on Silk Road at $12. Sold the rest to a friend at $84 and thought I was a genius', '14c3hgk']]], ['u/BTC_Commons', 'Where Bitcoin truly is “The people’s money:” A reflection on my time in El Salvador', 142, '2023-06-18 04:33', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/', '[Read on Substack](https://bitcoincommons.substack.com/p/where-bitcoin-truly-is-the-peoples), [Read on Habla](https://habla.news/a/naddr1qqxnzd3cxuerjwpsxqmrwv3eqyf8wumn8ghj7ur4wfcxcetsv9njuetnqyxhwumn8ghj7mn0wvhxcmmvqy08wumn8ghj7mn0wd68yttjv4kxz7fwdehkkmm5v9ex7tnrdakszynhwden5te0danxvcmgv95kutnsw43qz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcpzpmhxue69uhkummnw3ezuamfdejsygrz53gqfu8eltydhue5ez3gvah7f7xlxxpwlhymsch08wdm9lmcc5psgqqqw4rsx7794u)\n\nMore than two years after El Salvador burst onto the international stage by making Bitcoin legal tender, I was finally able to pay a visit to this almost mythic land, and it did not disappoint. From San Salvador to Santa Ana to El Zonte, everywhere you could see the national project changing the physical landscape, and sense the palpable excitement and connection of the people to the vibrant pulse of a nation truly reborn. ‘Don’t trust, verify,’ we bitcoiners like to say. To my very own surprise, the facts on the ground not only lived up to the hype, they exceeded it.\n\n1. Pupusas and Pilsener\n\nTraveling on a tight schedule, our only night in San Salvador seemed like a lost cause due to the 6-hour delay of our flight from Honduras. With the sun getting quite low on the horizon by the time we landed, our expectations to behold the cathedral and public square of the Centro Historico in their full glory were mostly dashed. Thankfully, we went anyways.\n\nAfter strolling around late into the night, and working up quite the appetite, Google Maps indicated that “San Jose” was the only pupuseria still open nearby. The place was very unassuming, a ‘hole in the wall’ type of establishment. Workers finishing their long day shifted in and out, getting a quick bite before going home for the night.\n\n[Pupuseria San Jose](https://preview.redd.it/kxtilfe9uo6b1.jpg?width=4032&format=pjpg&auto=webp&v=enabled&s=49afe3dd7002bf3a3f2ec2f1ef4f9199d5a38a1c)\n\nInside, neon lights bounced off the bright orange cement walls, and in the front, next to the grill where a young woman churned out pupusas by the dozen, a big purple Chivo sign read “Se aceptan pagos con Bitcoin.” I am not one to believe in omens, but when the universe gifts you purple and orange at the people’s pupuseria of choice, the classy thing to do is to acknowledge, and enjoy.\n\nAfter getting our order, we made our way to the long wooden benches that lined the walls on each side, and sat among the jars of pickled cabbage decorating the rows of cheap plastic tables. As we wolfed down the pupusas and drank our Pilsener beers, a voice beamed down from the TV hanging by the ceiling menu: “He arrived at the presidency in debt, with his investments in the gutter, and this person left the presidency as a millionaire...”\n\n[Wall Menu](https://preview.redd.it/j8q1nncbuo6b1.jpg?width=3972&format=pjpg&auto=webp&v=enabled&s=3383215e8d6334b8bf56dd1a0d641069e5a760a5)\n\nIt was Attorney General Rodolfo Antonio Delgado Montes, [talking to the press](https://www.youtube.com/live/XU70xL2UeNg?feature=share) after [confiscating the properties](https://larepublica.pe/mundo/2023/06/02/el-salvador-alfredo-cristiani-nayib-bukele-anuncia-la-intervencion-de-las-propiedades-del-expresidente-cristiani-felix-cristiani-caso-gabela-98922) of [Alfredo Cristiani](https://en.wikipedia.org/wiki/Alfredo_Cristiani), former president and surrogate for Monsanto in Central America. Far from being another sanitized news segment, the AG spoke candidly and at length, seemingly without a script, while everyone in the pupuseria listened intently; even the workers turned to watch or glanced at it as they multi tasked. ‘For once, justice is served,’ the atmosphere whispered atop the sizzling of the grill.\n\nSoon, with a full belly and some alcohol in our blood, the moment of truth approached. Would they truly accept Bitcoin? Sure enough, Juan flashed a big grin when I asked, whipped out his Chivo wallet, and produced a QR code for me to scan. To my surprise, it was an on-chain nested Segwit address that began with a 3. Not discouraged, I asked for a lightning invoice, which confused Juan. It turns out, nobody had explained to him the difference, and he did not know if Chivo even had Lightning. A few taps later, however, it all worked out and I zapped him $6.05 from my Phoenix wallet.\n\n2. Like asking for a doggie bag at a Michelin restaurant\n\nEven though bitcoiners love to refer to Satoshi’s beloved invention as ‘the people’s money,’ the reality is that in most of the industrialized nations, Bitcoin has gained more footing as an investment vehicle than as something that captures the hopes and dreams of the poor and the financially marginalized. And though we are working hard to change that, and change it shall in due time, at the moment Bitcoin is mostly associated with the financial markets, tech investment proposals, venture funds and the sort.\n\nFor example, while Jack Mallers is constantly asked to speak on Bloomberg news, indicating the business community is developing a nuanced and sophisticated understanding of the issue, popular lefty outlets like DemocracyNow continue to stick to skewed and misinformed establishment narratives about Bitcoin. Nor is the media coverage the only sign of Bitcoin’s lack of purchase among the most disadvantaged. Each year, to join the biggest celebration and gathering of bitcoiners, the cheapest tickets will set you back hundreds of dollars, not including the cost of lodging and transportation. This is not a value judgment, just the reality on the ground.\n\nIn El Salvador, the equation seemed to be reversed.\n\nOur experience in the pupuseria replicated itself dozens of times during our stay in the country. From taxi drivers to stand vendors, we were able to successfully pay with Lightning quite consistently, about half of the time. But most curiously, adoption had the least penetration the more affluent the environment became.\n\nTake the example of our accommodations: we stayed at Hotel Armonia in San Salvador, and Captain Morgan Hostel by Lake Coatepeque. Both charged around $60 per night, and both accepted Lightning. In fact, I had some great banter about Bitcoin adoption with the staff at Hotel Armonia, and left a chalk note for posterity with the price of Bitcoin at Captain Morgan.\n\n[Captain Morgan Chalk Board](https://preview.redd.it/tmy0ga8euo6b1.jpg?width=3024&format=pjpg&auto=webp&v=enabled&s=58b2bc715c7ca417b52ffe08e8c24c0a433a49ee)\n\nHowever, Hotel Equinoccio, by far the most expensive place in our list at $150 per night, did not take Bitcoin payments. From a pool by the volcano lake, to private jet skies, to a perfectly manicured lawn to sunbathe in and a menu with exotic ‘detox’ drinks, this place had it all. Except Bitcoin payments. In fact, when I asked Fernando, he gave me a strained, hard to decipher look. It was not confusion, for he most decidedly knew what Bitcoin was, but a mix of consternation and surprise at my request, as if I was asking for a doggie bag at a Michelin restaurant.\n\nLater on, when I approached him with my empty water bottle and asked him where the water dispenser was, the same look appeared on his face ever so briefly: “we have bottled water from the menu,” he quipped politely, as if I had just asked something ridiculous. It dawned on me, then, that Bitcoin was perhaps seen in bad taste, and just like my request for ‘free’ water, it was deemed a “poor people thing” beneath the stature of the sanitized, gated environment where the rich in El Salvador go to relax.\n\n3. More Than Just Bitcoin\n\nIn the time I spent traveling El Salvador, it became clear that the country’s transformation goes far beyond Bitcoin, even though Bitcoin is an integral part of that transformation. From the National Library in Centro Historico, to the hotel boom in El Zonte, everywhere I went there were life altering construction and infrastructure projects.\n\nAmong what impressed me the most, was how smooth and extensive the road infrastructure was. By the surging waves of the Pacific, where the serpentine curvature of the mountains and hills forced the road to tunnel through rock formations, I was awed by beauty and engineering feats that reminded me of Taiwan, a country whose infrastructure has long been considered among the best in the world.\n\nChange, however, takes time, and El Salvador still has a lot of catching up to do. The same could be said for the country’s Bitcoin adoption. Most people, even the lady at the customs booth charging the $15 entry fee, still have no clue about the difference between Lightning and on-chain. And the places that do accept Bitcoin, seem to receive very little use from locals.\n\nAs education efforts ramp up and a new generation of youth grow up with Bitcoin as an ubiquitous tool in their lives, things will improve. But meanwhile, El Salvador continues to be, indisputably, The Bitcoin Country, not simply because the law recognizes it as legal tender, but rather because here it is seen by the wealthy as a “poor people thing.” I can think of no better vindication for a currency that bids itself to be, and is built upon the aspiration to become the people’s money the world over.\n\n¡Hasta la próxima El Salvador!', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/', '14c8swl', [['u/the_buddy_guy', 26, '2023-06-18 04:40', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/jojjbl1/', "Beautifully written, thank you for this. Of course it will take years for proper adoption, especially when it seems BTC was mostly forced onto people. They'll appreciate it over the next decade as inflation increases.", '14c8swl'], ['u/solomonsatoshi', 10, '2023-06-18 05:17', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/jojn5kv/', "When in Central America in the late 1980s El Salvador was a 'no go' zone due to US backed mafia-militias and a brutal military dictatorship - Nicaragua was still just open but still under Contra attacks. All these central american nations have for decades lived under Uncle Sams boot, forced to surrender their wealth and resources to US corporate parasites.\n\nEl Salvador is trying to establish it own path and seems to be succeeding with Bitcoin at the very least driving a boom in tourism. Would love to go there and see for myself but this post gives a great report, update and insight into the progress already..\n\nSounds like they have every chance of succeeding and showing other similar nations (of which there are many) an independent alternative to US hegemony.", '14c8swl'], ['u/BitChick', 10, '2023-06-18 07:08', 'https://www.reddit.com/r/Bitcoin/comments/14c8swl/where_bitcoin_truly_is_the_peoples_money_a/jojxf53/', "Thanks. My husband and I have a trip planned for the fall. We want to support El Salvador's use of BTC. Sounds like it was a great trip.", '14c8swl']]], ['u/companionedu', 'Become a millionaire, today.', 70, '2023-06-18 05:05', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/', 'Lots of people are looking at Bitcoin to be priced at $1,000,000USD. Although this day may come, I have a different perspective.\n\nWhy do people want to be a millionaire in a depreciating, centrally controlled currency that is controlled by corrupt banks and unsound monetary policies?\n\nBecome a millionaire, today. Get 1,000,000 satoshis. And if you want to make your friends and family millionaires, send them 1,000,000 satoshis too.\n\nCheers\n\n\\#satoshimillionare', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/', '14c9eey', [['u/repomies69', 29, '2023-06-18 11:39', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jokh2l9/', "Being a millionaire today is very different than being millionaire let's say 30 years ago. It is very outdated word. There's not much you can do with a million these days. I would guess you need at least 10 millions to be the what we understood as a millionaire when I was a kid.", '14c9eey'], ['u/evgeniy_pp', 65, '2023-06-18 12:10', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jokj7wx/', 'Forget "millionaires", a new word for rich people will be "wholecoiners". Let\'s start using that.', '14c9eey'], ['u/Easik', 16, '2023-06-18 13:21', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jokog10/', 'For perspective, $1m collecting 5% interest is more than the median income in America. I think it\'s very livable, but "millionaires" have so much life creep that they blow through it on dumb things like supercars that cost $20k for an oil change.', '14c9eey'], ['u/Im_Bitman', 12, '2023-06-18 15:59', 'https://www.reddit.com/r/Bitcoin/comments/14c9eey/become_a_millionaire_today/jol3qox/', 'I want to be a Deca-coiner', '14c9eey']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, June 18, 2023', 25, '2023-06-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/', '14caeq6', [['u/ThorsBodyDouble', 16, '2023-06-18 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jojtyvf/', 'Great to have a white swan event for a change. 🦢', '14caeq6'], ['u/Qasim57', 10, '2023-06-18 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jojy9hc/', 'The black rock ETF?', '14caeq6'], ['u/bufonia1', 12, '2023-06-18 07:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jojyi3j/', 'seems suspiciously timed', '14caeq6'], ['u/GenghisKhanSpermShot', 26, '2023-06-18 07:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jok053o/', "Hesitated posting this cuz it's not Bitcoin related, not trying to promote alts but number two just re-tested a 10 month breakout on Thursday. This is very important IMO and solid support which every piece of the puzzle helps to get a view of crypto as a whole. A major support re-test and hold means Bitcoin has also bottomed. Which I think is the case also looking at a BTC chart, just adds to the evidence.", '14caeq6'], ['u/buttsausages', 13, '2023-06-18 12:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jokk49x/', "But if it finally breaks it, isn't that like really bad", '14caeq6'], ['u/ReflectionFamiliar68', 18, '2023-06-18 13:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jokpie0/', "I can't wait to have to listen to everyone talk about this for a year and then have it rejected.\n\nIt's terrible for bitcoin long term anyway. Bitcoin is a bearer asset and the ETF is just promises which lead to fractional reserve and dilution.", '14caeq6'], ['u/logicalinvestr', 17, '2023-06-18 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jokvmog/', "I mean, we had a slew of applications and rejections over the last two years. I'm sure Blackrock and their lawyers have read every single one a dozen times. Yet, they still applied. Since they're not in the business of just throwing money away, I have to assume that they think their application is somehow different from the rest and has a reasonable chance of success. Of course, it could still be rejected. But it seems like, after doing all their due diligence, they must think that there's something sufficiently different about the market or their application to give them a reasonable chance of success, or they wouldn't waste their time.", '14caeq6'], ['u/itsthesecans', 33, '2023-06-18 19:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jolrjke/', "Happy Father's Day to all the fathers. Especially those who are securing their kids' futures with bitcoin.", '14caeq6'], ['u/imissusenet', 18, '2023-06-18 22:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14caeq6/daily_discussion_sunday_june_18_2023/jomh7of/', 'Some un-cut hopium:\n\nhttps://www.coindesk.com/business/2023/06/16/blackrock-may-have-found-way-to-get-sec-approval-for-spot-bitcoin-etf/', '14caeq6']]], ['u/pbjclimbing', 'The UN is criticizing the IMF and World Bank for benefiting rich countries and not poor ones', 159, '2023-06-18 07:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/', 'Antonio Guterres, the UN chief, has increased his criticism of the World Bank and IMF. These are two organizations that were designed post WWII to help poor countries. The thing is, they are doing the opposite. It turns out that wealthy countries are often the one benefiting from their policies instead of poor ones. \n\nThe IMF is actively trying to prevent countries from making crypto legal tender since it undermines their control over the global economy. They even have admitted that [El Salvador’s Bitcoin risks have not materialized](https://www.reuters.com/business/finance/imf-says-el-salvadors-bitcoin-risks-have-not-materialized-should-be-addressed-2023-02-11/) but they should still be “addressed”. Yes, they actually admitted they were wrong, but still want their solution carried out as if they were right. \n\nIt is about time that some government entities are able to see that the World Bank and IMF are essentially pawns of the US and EU (an appointee from the US or EU rounds each of them). Crypto can actually help with this problem. Maybe the UN should take a serious look at crypto.', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/', '14cc89o', [['u/RedBunery', 17, '2023-06-18 08:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jok1nw3/', 'Perhaps El Salvador is the elephant in the room at this point, and also a reason why the US fears crypto so much. If we now have a bull market, El Salvador will reap a lot of benefits, and others will take note and look to copy them.', '14cc89o'], ['u/airwavieee', 56, '2023-06-18 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jok3jgw/', 'IMF and WEF are some of the biggest scums on this planet.', '14cc89o'], ['u/Deadpoulpe', 11, '2023-06-18 09:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jok8a4b/', "Coming from a poor country, I can assure you it has always been the case.\n\nLook what the IMF did to Greece in the 2010's for example.", '14cc89o'], ['u/Lillica_Golden_SHIB', 13, '2023-06-18 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jokdwze/', 'It would be great if El Salvador became the economic benchmark for poor economies later in the future. I really hope crypto can do good for them.', '14cc89o'], ['u/OneThatNoseOne', 19, '2023-06-18 12:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jokkpry/', 'The irony about the IMF and World Bank is that they often end up making things worse for borrowing countries. There are always some egregious austerity(MUCH less government spending or funding) measures that significantly decrease quality of life in what are often developing nations with already bad quality of life. \n\nAnd these are all basically such that the borrowing nations suffers to ensure the big money loaners get their money back. Trust me. Basically no borrowing country likes the IMF or WB. They have a very bad reputation in the developing world.', '14cc89o'], ['u/kirtash93', 12, '2023-06-18 13:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14cc89o/the_un_is_criticizing_the_imf_and_world_bank_for/jokn3xx/', 'This is why I call them International Monetary Fraudsters (IMF). They are the real villains of the world subjugating others under the power of the dollar.', '14cc89o']]], ['u/rBitcoinMod', 'Daily Discussion, June 18, 2023', 35, '2023-06-18 08:09', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14bj1hw/daily_discussion_june_17_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/', '14ccpzx', [['u/Prosperity_01', 16, '2023-06-18 14:26', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/joku13o/', 'As a 23 year old in the UK, fresh into the workforce, it’s became extremely obvious that the game is rigged against us. Stagnant wages, dwindling opportunities and taxed to the extreme. How am I, or any of my compatriots, ever afford a house…or start a family? Best way to not lose this game is to simply not play. I save my wealth in Bitcoin, not fiat. The gov have set their priorities…I’ll set mine.', '14ccpzx'], ['u/Just1_More', 12, '2023-06-18 15:09', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/jokya9x/', "Blackrock and Bitcoin\n\nThere are a lot of Bitcoiners who are nervous about this move and the creation of paper Bitcoin. And rightfully so.\n\nFor me, the more I think about it, the more excited I get. If we want Bitcoin to become more widely adopted, this is a logical step. Not everyone is going to learn about self custody or feel comfortable with the responsibility. But they want exposure to 🌽.\n\nNow imagine a future where investment companies who offer Bitcoin to their clients but aren't actually buying the 🌽. What happens when global markets contract? These crooks are going to get wrecked when there is no amount of money printing to backstop their phony BTC holdings. The liars and over leveraged crooks crumble, while honest companies succeed, persevere, and gain strength going into the next cycle. \n\nThoughts?", '14ccpzx'], ['u/Just1_More', 13, '2023-06-18 18:08', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/joljzea/', "I used to have some respect for you around here. I'm losing that. \n\nYou just chirp and add nothing productive if it doesn't align with your personal perspective of how Bitcoin grows.", '14ccpzx'], ['u/EggLord2000', 11, '2023-06-18 22:34', 'https://www.reddit.com/r/Bitcoin/comments/14ccpzx/daily_discussion_june_18_2023/jomjkfu/', 'The blackrock etf is the first step in a massive orange pilling. People will invest in the ETF, because it’s easy. Those same people will feel obligated to learn about the underlying asset. This will lead to increasing self custody, then more 2nd layer solutions. \n\nI’m trying hard to not give in to my FOMO and stick to my DCA, but it’s hard', '14ccpzx']]], ['u/jwolf696', 'Why Blackrock Bitcoin Spot ETF can damage BITCOIN', 52, '2023-06-18 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/', "After so many articles about how Blackrock Bitcoin Spot ETF is fantastic and a great thing that can happen, I tried to search if there are negative things about it, and I found something scary, at least for me. (I'm not a tech guy and I am not sure this can happen.)\n\n[Blackrock ETF filing](https://preview.redd.it/wmjk2a0pxp6b1.jpg?width=998&format=pjpg&auto=webp&v=enabled&s=245e4411686d8b749f92e15cc81bc568f2e21a6a)\n\nThis photo was shared on Twitter by @ anilsaidso with the description: A hidden gem in the BlackRock ETF filing. #Getforked\n\nSo, from what I understand, in case of a hard fork (can they hard fork bitcoin purposeful?) they get to decide which fork to go with, therefore they decide the future of Bitcoin.\n\nSo we all know that government and other powerful people control gold, diamonds and other stuff, are they trying to do this to Bitcoin as well? I would like to hear the opinion of people who know how a hard fork can be possible and if it can happen in this case.", 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/', '14cd2ze', [['u/strongkhal', 46, '2023-06-18 08:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok3w6r/', "They're not our friends, not at all.", '14cd2ze'], ['u/Qptimised', 22, '2023-06-18 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok4o7p/', 'Just remember, Bitcoin was created because of corporations like BlackRock who have operated with impunity.', '14cd2ze'], ['u/Qptimised', 23, '2023-06-18 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok4qfi/', 'No corporations are our friends. Every one of them is driven by profit.', '14cd2ze'], ['u/Adpist', 20, '2023-06-18 09:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok6lc9/', "Depends of the supply % they hold in their etf. If they hold less than majority and they go against the majority, it's their loss... If they buy BTC to get a majority that would be an insane bull run...\n\nI mean this statement makes sense. In case of a fork the ETF need to choose one fork.\n\nBut the fork in itself would do bigger damage to BTC than whatever decision they make afterwards...", '14cd2ze'], ['u/mr_sew', 48, '2023-06-18 09:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok7hmj/', 'I do not see anything nefarious here and this is actually prudent.\n\nIn case you do not understand what it actually means, it means that if the bitcoin blockchain is hard forked, like at the time when bitcoin cash was created, that Blackrock will will use their best judgement as to have the trust/ETF stay on the original chain, or to adopt the newly forked chain.\n\nThere could be a case where the real consensus among bitcoiners is to adopt the hard forked chain, as this may be the best solution to a future problem.\n\nTake for example, Ethereum\'s hard fork when they went from PoW to PoS. I think the consensus here is clearly for the PoS. The PoW chain still exists and may have people still using it, (IDK, IDC), but the "official" Ethereum is the PoS chain.\n\nBitcoin may hard fork in the future for a good reason and the world\'s consensus may be to adopt the hard fork. \n\nBlackrock is simply reserving the option to choose the "best" chain, or the most popular chain in the event that it happens. If true consensus changes, Blackrock wants to reserve the ability to adopt that consensus; which would be exercising fiduciary responsibility.\n\nIf Blackrock or anyone else wants to hard fork bitcoin, then so be it, as anyone can do it. It is the consensus that actually matters; not who forked it.\n\nI am willing to guess that bitcoin has been hard forked 100s of times, but can you name more than two? Can you name any that are relevant to the rest of the world\'s consensus? Can you name even one that is an actual threat to bitcoin in anyway? Yeah. Didn\'t think so.', '14cd2ze'], ['u/d_Party_Pooper', 14, '2023-06-18 09:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok9f3l/', 'In my opinion you are spot on. Great answer. People see Blackrock involved and lose it.', '14cd2ze'], ['u/Octopus-Pawn', 11, '2023-06-18 09:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/jok9f7y/', 'Exactly this. If any one organisation (or person) holds a large enough proportion of BTC, they wield a lot of power. Many people are in crypto as an alternative to centralisation.\n\nPersonally I think a spot ETF is good for crypto, but having only one ETF centralising all that BTC is not.', '14cd2ze'], ['u/dgcfus', 12, '2023-06-18 12:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14cd2ze/why_blackrock_bitcoin_spot_etf_can_damage_bitcoin/joklya6/', 'bitcoin is not a shitty proof of stake coin lol, owning 11m btc gives you exactly 0 power over btc.', '14cd2ze']]], ['u/UKCSTeacher', '[Race Day] Round 5 - Oulton Park, 18 June', 18, '2023-06-18 09:09', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/', "# Watch Yesterday's Qualifying Session\n\n[YouTube](https://www.youtube.com/watch?v=4BxeCg0x9b8)\n\n# Session Times\n\n^(All times BST / GMT +1)\n\n\|Event\|Time\|Length\|Grid\|Results\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Race 1\|12:17\|15 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403grdtrg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403rc1trg.pdf)\|\n\|Race 2\|14:40\|15 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403gr2trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403rc2trg.pdf)\|\n\|Race 3\|17:25\|15 laps\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403gr3trg.pdf)\|[TSL Timing](https://www.tsl-timing.com/file/?f=TOCA/2023/232403rc3trg.pdf)\|\n\n[Full weekend timetable](https://www.tsl-timing.com/file/?f=timetables/2023/232403.pdf)\n\n\n# Info & Stats\n\nWiki: [2023 Teams & Drivers](https://en.wikipedia.org/wiki/2023_British_Touring_Car_Championship#Teams_and_drivers) \| [Circuit](https://en.wikipedia.org/wiki/Oulton_Park)\n\nCorners: 12\n\nCircuit length: 2.2260 miles (3.5824 km)\n\nRace distance: 15 laps\n\nFirst BTCC race: 1960\n\n\n# Live Audio and Streaming\n\n[BTCC Audio Stream](http://www.btcc.net/live-audio/) \\- trackside commentary available across the full weekend\n\n[TSL Live Timing](http://livetiming.tsl-timing.com/232403) \\- live track timing system available for all sessions\n\n## Todays racing is split over 2 TV channels\n\n[ITV](https://www.itv.com/hub/itv) \\- from 12.00 BST to 14.05 BST\n\n[ITV4](https://www.itv.com/hub/itv4) \\- from 14.00 BST to 18.20 BST", 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/', '14cdsr5', [['u/UKCSTeacher', 15, '2023-06-18 09:14', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/jok758t/', "Just to reiterate the most important info here:\n\nRace 1 will be on [ITV1](https://www.itv.com/hub/itv) at 12.17. Be warned - this is less build up than usual so don't be late! This is also a lot later than usual because Oulton Park has a Sunday morning curfew so no cars on track until midday. The F4 and Porsche's will also be shown on ITV1 before [ITV4](https://www.itv.com/hub/itv4) pick up the program for Race 2 and the remainder of the days races.", '14cdsr5'], ['u/Maidwell', 16, '2023-06-18 10:07', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/jokat6f/', 'Thoughts from yesterday. \n\n1. The ITV decision to miss the first 6 minutes of qualifying so we could watch a prerecorded boring fluff interview with some drivers in an empty pit lane was quite incredible, even for the directors of the ITV coverage. \n\n2. I very nearly turned the feed off in the end as after 500 mentions of track limits it really did become a chore to slog through rather than the excitement it should be. If the broken rules aren\'t going to be changed any time soon, perhaps we should just minimise the focus on them. \n\n3. Ash Sutton is on the roll of a lifetime and I couldn\'t care less that the hybrid gimmick "isn\'t doing its job" of creating artificial drama. It\'s a real privilege to watch the best driver of this generation work his magic.', '14cdsr5'], ['u/UKCSTeacher', 11, '2023-06-18 13:58', 'https://www.reddit.com/r/btcc/comments/14cdsr5/race_day_round_5_oulton_park_18_june/jokrj2t/', "Tom's interview ability is unrivaled", '14cdsr5']]], ['u/Zein313', 'Why is Blackrock entering Crypto, a HUGE deal that shouldn’t be disregarded.', 704, '2023-06-18 10:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/', '\nBlackRock, the world\'s largest and strongest asset manager with over $8 trillion in assets under management, has officially entered the crypto market in 2023. They have filed for a Bitcoin Fund and are probably buying the dip big time right now. \n\nWith over $8 trillion in assets under management, BlackRock reigns supreme in the financial industry. Known for its expertise, reputation and influence, It\'s no wonder they\'re often referred to as the "king of the financial world."\n\nWhat makes this entry particularly significant is that BlackRock, as the biggest asset manager, is not just an endorsement of crypto but a literal embodiment of corporate interest. Asset managers only do what their high net worth corporate and institutional clients want. So this market entry shows us how the big players are extremely interested \n\nhere\'s why BlackRock entering is a HUGE DEAL: First and foremost, BlackRock\'s entry into the crypto market is a significant endorsement of the legitimacy and potential of digital assets. With one of the most reputable and influential players in the financial industry joining the crypto space, it\'s clear that digital assets are here to stay and are poised for mainstream adoption.\n\nSecondly, BlackRock\'s entry into the crypto market will bring a significant amount of institutional investment into the space. This means more capital and resources for the crypto industry to grow and mature. With BlackRock\'s deep pockets and extensive network, the crypto market is about to get a lot more interesting.\n\nThirdly, BlackRock\'s entry into the crypto market will bring a new level of professionalism and regulatory compliance to the industry. BlackRock is known for its strict compliance and risk management practices, and its entry into the crypto market will likely lead to increased regulations and oversight in the industry, which is ultimately a good thing for investors and the crypto market as a whole.\n\nWith BlackRock\'s reputation and financial power, it could potentially help bring crypto from the fringes of finance to the mainstream and make it accessible to a wider range of investors. \n\nWe are extremely early, So hold on tight, folks, this is just the beginning.\n\n\n\nTLDR: BlackRock\'s entry into the crypto market is a game-changer for the industry. It\'s a clear sign that digital assets are here to stay and are poised for mainstream adoption. With more institutional investment, professionalization, and regulation on the horizon, the crypto market is about to get a lot more exciting.', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/', '14cf6mo', [['u/Dubby635', 10, '2023-06-18 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcpux/', "I should be happy that this is big win for BTC but I'm nervous obviously the way blackrock does business is unethical. They're there for themselves, not to benefit anyone else", '14cf6mo'], ['u/Rookslook', 10, '2023-06-18 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcri5/', 'What a coincidence that they enter just after the SEC’s action against some of the biggest exchanges 🤔', '14cf6mo'], ['u/InsaneMcFries', 36, '2023-06-18 10:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcrx0/', '![gif](giphy\|Zrxs6nl12WgmL3ZTHm)\n\nGuess it’s hopium season. Bags locked and loaded, kaching ![gif](emote\|emo_pack_1\|money_wasted)', '14cf6mo'], ['u/tambaybtc', 254, '2023-06-18 10:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokcvl2/', 'Easy answer: To make more money and to continue manipulating everything.', '14cf6mo'], ['u/FootballBat69', 53, '2023-06-18 10:40', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokd4go/', 'At least in this case we might make money along with them.', '14cf6mo'], ['u/Stankoman', 17, '2023-06-18 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokd6zz/', 'Because Money?', '14cf6mo'], ['u/ProjectZeus', 134, '2023-06-18 10:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdb6e/', "There's been 100+ posts about Blackrock over the last few days. I don't think it's being disregarded", '14cf6mo'], ['u/jwolf696', 39, '2023-06-18 10:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdgiw/', 'Exactly, even my grandma knows about it', '14cf6mo'], ['u/ChemicalGreek', 18, '2023-06-18 10:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdn96/', 'The reason is money…', '14cf6mo'], ['u/ChemicalAnybody6229', 38, '2023-06-18 10:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdoyh/', "You want them to buy all our BTC and dump on us? We don't need more whales. Shrimps like us shall dominate the market.", '14cf6mo'], ['u/wileyfox91', 32, '2023-06-18 10:50', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdrzi/', "Blackrock is invested in EVERYTHING they are so big it would be strange if they didn't had crypto", '14cf6mo'], ['u/IncompetentSnail', 56, '2023-06-18 10:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokdw5n/', "For once let's make institutions the exit liquidity", '14cf6mo'], ['u/somethingimadeup', 15, '2023-06-18 10:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joke6ih/', 'Honestly they’ve probably analyzed data and found out who the best btc traders on the markets were and hired them for huge sums and their ETF is going to end up being a better investment than just buying bitcoin.', '14cf6mo'], ['u/somethingimadeup', 10, '2023-06-18 10:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joke7lp/', 'Plus they can use their massive amounts of money to manipulate the market as they see fit', '14cf6mo'], ['u/fanriver', 10, '2023-06-18 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokeame/', "It's all about power, game of thrones", '14cf6mo'], ['u/SerFraust', 55, '2023-06-18 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joked4u/', 'This sounds like Chat GPT', '14cf6mo'], ['u/Mean-Argument3933', 25, '2023-06-18 11:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokeyja/', 'Crypto grandma', '14cf6mo'], ['u/Mean-Argument3933', 10, '2023-06-18 11:09', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokf2kg/', 'It may help us exit the bear market. Just my hopium speaking', '14cf6mo'], ['u/Mean-Argument3933', 25, '2023-06-18 11:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokf74m/', "They can't buy our BTC if we don't sell", '14cf6mo'], ['u/Calm-Cartographer677', 25, '2023-06-18 11:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokfncr/', "They'd probably still find a way to make us the exit liquidity", '14cf6mo'], ['u/NaturephilicReaction', 17, '2023-06-18 11:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokfql4/', 'I have read the filing, the only thing I\'m slightly worried about is their wording that and I\'m paraphrasing here "if there\'s a Bitcoin fork we get to choose which fork the etf supports"\n\nI\'m worried they might eventually fork btc and support their fork', '14cf6mo'], ['u/partymsl', 18, '2023-06-18 11:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokgxp5/', 'BTC to $100k by EOY 2021 is back on the table, baby!', '14cf6mo'], ['u/FluffyAspie', 27, '2023-06-18 11:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokgye1/', 'This big old financial institutions owning everything was what crypto is trying to get away from.', '14cf6mo'], ['u/partymsl', 10, '2023-06-18 11:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokh3by/', 'They will just let the government bail them out.\n\nThere is no way they are ever losing.', '14cf6mo'], ['u/Mr_Bob_Ferguson', 12, '2023-06-18 11:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/joki0gi/', ">There's been 100+ posts about Blackrock over the last few days\n\nBut OP hasn't had a chance to cash in on some sweet moons with a post yet!", '14cf6mo'], ['u/theycallmekimpembe', 10, '2023-06-18 12:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokijhk/', 'Completely against what BTC was created for. I still wonder why everyone is applauding this. All you guys think is that it will pump like crazy, firstly BTC got to where it is without them and it will continue to grow without them.', '14cf6mo'], ['u/StolenApe', 12, '2023-06-18 12:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokik8g/', 'I’d suggest if any large institution is buying, they’re already bagged up before making the announcement.', '14cf6mo'], ['u/OneThatNoseOne', 21, '2023-06-18 12:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokin87/', "Nope. Let's face it. We are pretty early still given how niche crypto still is to the general public. You might make some money off selling and Blockrock pays a premium, but in the end they will end up making ALOT more money and end up holding some huge percentage of crypto with significant control of the market", '14cf6mo'], ['u/Mr_Bob_Ferguson', 16, '2023-06-18 12:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokinub/', '>We don\'t need more whales.\n\nAnd in the end we will have the large traditional financial institutions all holding the bitcoin.\n\nWe will then be allowed to buy their products in order to "buy a share".\n\nWe\'ll then be back to where we started.', '14cf6mo'], ['u/crypto_grandma', 28, '2023-06-18 12:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokjrwf/', 'You have summoned Crypto Grandma. I grant ye 3 wishes. Use them wisely....', '14cf6mo'], ['u/Every_Hunt_160', 27, '2023-06-18 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokl89u/', 'Oh yeah I’ll sell.\n\nFor the bargain price of… ONE BILLION DOLLARS', '14cf6mo'], ['u/Flipmode45', 691, '2023-06-18 12:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokld0z/', 'Why do I feel they are only doing this because they’ve figured out a way of making a load of money while simultaneously screwing over the whole crypto market?', '14cf6mo'], ['u/deathbyfish13', 18, '2023-06-18 12:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokm6f5/', 'I wish for you to have a good day. I relinquish my remaining two wishes', '14cf6mo'], ['u/wins5820', 33, '2023-06-18 13:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokmwc0/', 'They’re creating this ETF as a way to control/manipulate Bitcoin without being able to manipulate blockchain assets directly. It’s a way to control the crypto market just like they artificially inflate/deflate the stock market. This is going to allow firms to short the ETF and by doing so, short Bitcoin. It’s a way to work around blockchain to manipulate the price, which is not good for decentralized finanace.', '14cf6mo'], ['u/Damgalnuna000', 66, '2023-06-18 13:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokpikb/', 'Bingo and these idiots believe in trickle down economics', '14cf6mo'], ['u/Flangepacket', 14, '2023-06-18 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokqdf3/', 'Daily reminder that Blackrock are not, and never will be our friends.', '14cf6mo'], ['u/FluffyAspie', 11, '2023-06-18 13:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14cf6mo/why_is_blackrock_entering_crypto_a_huge_deal_that/jokqi8d/', 'That’s right! Don’t even think they’re actually going to buy BTC. Everyone probably get an IOU!', '14cf6mo'], ['u/Every_Hun... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Monday morning in Asia after reclaiming the US$26,000 support level over the weekend. Ether also fell back, but held above US$1,700. \xa0XRP, Dogecoin and Litecoin were the only gainers among the top 10 non-stablecoin cryptocurrencies, while Tron’s TRX led the losers. The U.S.-based crypto exchange Bakkt reportedly joined other trading platforms in delisting Polygon, Solana and Cardano after the U.S. regulator this month labelled them illegally issued financial securities. U.S. equity markets are closed Monday for a public holiday, but they could gain in the week ahead aseconomic dataon Friday pointed to slowing inflation, while the first visit to China in almost five years by a top U.S.diplomatcould be a positive for capital markets.\nBitcoin fell 0.97% over the last 24 hours to US$26,308 at 07:00 a.m. in Hong Kong, but held onto a weekly gain of 1.58%, according todatafrom CoinMarketCap.\nThe world’s largest cryptocurrency breached the US$26,000 level on Saturday to reach a seven-day high of US$26,769. The token had slumped to three-month lows at the end of last week.\nEther edged down 0.82% to US$1,716, logging a weekly loss of 2.18%.\nWith the exception of XRP, other top 10 non-stablecoin cryptocurrencies traded lower in the past 24 hours. Polygon’s Matic led the losers, slumping 3.22% to US$0.5971 and down 5.88% over the past seven days.\nNew York-based crypto exchange Bakkt has suspended trading of Polygon, Solana and Cardano tokens and plans to delist them, according toFortuneon Friday. Trading platforms such as Robinhood and eToro have also decided todelistmultiple cryptocurrencies after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this month against Coinbase and Binance.US and named a long list of cryptocurrencies as securities that were issued and sold without SEC approval.\n“Bitcoin and other cryptocurrencies were affected by increasingly changing sentiment toward crypto as traders could limit their risk-taking in the crypto market due to limited upside catalysts and particularly considering the legal risks in the US,” said Wael Makarem, senior market strategist at trading platformExness Group, in emailed comments.\n“The legal actions could scare away some investors from the market but could be relatively positive for Bitcoin’s dominance against other cryptocurrencies. In this regard, Bitcoin has also been gaining ground against Ethereum,” said Makarem.\nThe Bitcoin balance on crypto exchanges reached a three-month low of 2,281,978.198 tokens on Sunday, according to blockchain data trackerGlassnode, which reduced some selling pressure as investors normally move tokens to exchanges when they plan to sell.\nXRP logged gains for the past 24 hours, rising 1.01% to US$0.4859, but losing 6.34% for the week.\nFinTech firm Ripple Labs, whose crypto payment platform is powered by XRP, announced on Friday apartnershipwith Columbia’s central bank to explore the use of blockchain technologies in the country’s digital payment system.\nLast Friday, MakerDAO’s stablecoin Dai replaced Binance USD (BUSD) as the third largest stablecoin by market cap. BUSD has seen its market cap falling over 10% in the past seven days, after the SEC issuedcharges against Binanceon June 5, according to data fromCoinGecko.\nThe total cryptocurrency market cap dipped 0.53% to US$1.07 trillion in the last 24 hours, while crypto trading volume fell 18.47% to US$19.69 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.16% to 2,878.56 in the 24 hours to 09:30 a.m. in Hong Kong. The index is down 4.80% for the seven days.\nNFT sales on Ethereum fell 20.61% in the past 24 hours to US$11.06 million, according toCryptoSlamdata. Sales on the Bitcoin blockchain slid 44.71% to US$882,550.\n“Sales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air,”saidYehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nDespite the decline, Sotheby’s NFT auction sawRingers #879, an Ethereum-based NFT created by Canadian artist Dmitri Cherniak, sell for US$6.2 million on Friday, the second highest sale of a piece of generative art, or created using autonomous systems.\n“Sotheby’s auction concluded and saw $10.9m in sales, over half of which was from the Ringers grail,” said Petscher, “It’s worth noting that the supposed buyer already a major NFT trader, so this auction didn’t seem to draw attention from the traditional art world. Is it bullish still for NFT art? Yes, but there’s still always concern that the NFT ecosystem is largely an echochamber.”\nElsewhere, the U.S. sportswear giant Nike released ateaseron Saturday which appears to be an NFT collaboration with online video game Fortnite, which will be unveiled on June 20. .SWOOSH, Nike’s Web 3.0 platform that issues NFT sneakers, also announced apartnershipwith sports video game publisher EA Sports earlier this month.\n“A new innovation has reached Ethereum calledethscriptions, inspired by inscriptions on Bitcoin. This new process allows you to inscribe tiny images (under 96kb) on mostly any Ethereum transaction, thus allowing cheap on-chain image storage,” said Petscher.\n“The innovation here is the ease of storing an image on-chain, which is typically avoided in standard contract storage due to the high cost. In just a few days nearly 200ETH of secondary volume has been transacted, most from a sold out 10k collection of Ethereum Punks.”\nU.S. stock futures traded mixed as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.10%, the S&P 500 inched up 0.01%, while Nasdaq futures added 0.16%. The U.S. stock market is closed Monday for a public holiday and will open on Tuesday.\nThe three major U.S. stock indexes all closed lower on Friday but logged gains for the week, as investors sorted through mixed signals from economic data and comments from Federal Reserve officials on Friday.\nAsurveyby the University of Michigan on Friday showed consumers expect annual inflation of 3.3% over the next year, the lowest since March 2021, but still above the Federal Reserve’s goal of annual inflation below 2%.\nFederal Reserve GovernorChristopher Wallerand Richmond Federal Reserve Bank PresidentThomas Barkinsaid on Friday that more interest rate hikes might be required to fight inflation.\n“We’re seeing policy rates having some effects on parts of the economy. The labor market is still strong, but core-kind of inflation is just not moving and that’s going to require probably some more tightening to try to get that going down,” said Waller in his Friday speech.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike.\nMeanwhile in China, analysts expect the country’s central bank to make a 10 basis-point cut to its one-year and five-year loan prime rates on Tuesday, lowering the rates to 3.55% and 4.20% as the country struggles with a slow post-Covid recovery, according toReuterson Monday.\n(Updates with equities section.)', 'Bitcoin dipped on Monday morning in Asia after reclaiming the US$26,000 support level over the weekend. Ether also fell back, but held above US$1,700. \xa0XRP, Dogecoin and Litecoin were the only gainers among the top 10 non-stablecoin cryptocurrencies, while Tron\x92s TRX led the losers. The U.S.-based crypto exchange Bakkt reportedly joined other trading platforms in delisting Polygon, Solana and Cardano after the U.S. regulator this month labelled them illegally issued financial securities. U.S. equity markets are closed Monday for a public holiday, but they could gain in the week ahead as economic data on Friday pointed to slowing inflation, while the first visit to China in almost five years by a top U.S. diplomat could be a positive for capital markets. Bitcoin, Ether dip; XRP rises Bitcoin fell 0.97% over the last 24 hours to US$26,308 at 07:00 a.m. in Hong Kong, but held onto a weekly gain of 1.58%, according to data from CoinMarketCap. The world\x92s largest cryptocurrency breached the US$26,000 level on Saturday to reach a seven-day high of US$26,769. The token had slumped to three-month lows at the end of last week. Ether edged down 0.82% to US$1,716, logging a weekly loss of 2.18%. With the exception of XRP, other top 10 non-stablecoin cryptocurrencies traded lower in the past 24 hours. Polygon\x92s Matic led the losers, slumping 3.22% to US$0.5971 and down 5.88% over the past seven days. New York-based crypto exchange Bakkt has suspended trading of Polygon, Solana and Cardano tokens and plans to delist them, according to Fortune on Friday. Trading platforms such as Robinhood and eToro have also decided to delist multiple cryptocurrencies after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this month against Coinbase and Binance.US and named a long list of cryptocurrencies as securities that were issued and sold without SEC approval. \x93Bitcoin and other cryptocurrencies were affected by increasingly changing sentiment toward crypto as traders could limit their risk-taking in the crypto market due to limited upside catalysts and particularly considering the legal risks in the US,\x94 said Wael Makarem, senior market strategist at trading platform Exness Group , in emailed comments. Story continues \x93The legal actions could scare away some investors from the market but could be relatively positive for Bitcoin\x92s dominance against other cryptocurrencies. In this regard, Bitcoin has also been gaining ground against Ethereum,\x94 said Makarem. The Bitcoin balance on crypto exchanges reached a three-month low of 2,281,978.198 tokens on Sunday, according to blockchain data tracker Glassnode , which reduced some selling pressure as investors normally move tokens to exchanges when they plan to sell. XRP logged gains for the past 24 hours, rising 1.01% to US$0.4859, but losing 6.34% for the week. FinTech firm Ripple Labs, whose crypto payment platform is powered by XRP, announced on Friday a partnership with Columbia\x92s central bank to explore the use of blockchain technologies in the country\x92s digital payment system. Last Friday, MakerDAO\x92s stablecoin Dai replaced Binance USD (BUSD) as the third largest stablecoin by market cap. BUSD has seen its market cap falling over 10% in the past seven days, after the SEC issued charges against Binance on June 5, according to data from CoinGecko . The total cryptocurrency market cap dipped 0.53% to US$1.07 trillion in the last 24 hours, while crypto trading volume fell 18.47% to US$19.69 billion, according to CoinMarketCap data. Ethereum NFT sales fall, Nike teases deal with Fortnite The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.16% to 2,878.56 in the 24 hours to 09:30 a.m. in Hong Kong. The index is down 4.80% for the seven days. NFT sales on Ethereum fell 20.61% in the past 24 hours to US$11.06 million, according to CryptoSlam data. Sales on the Bitcoin blockchain slid 44.71% to US$882,550. \x93Sales across Ethereum and Bitcoin continue to lose steam, and it\x92s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Despite the decline, Sotheby\x92s NFT auction saw Ringers #879 , an Ethereum-based NFT created by Canadian artist Dmitri Cherniak, sell for US$6.2 million on Friday, the second highest sale of a piece of generative art, or created using autonomous systems. \x93Sotheby\x92s auction concluded and saw $10.9m in sales, over half of which was from the Ringers grail,\x94 said Petscher, \x93It\x92s worth noting that the supposed buyer already a major NFT trader, so this auction didn\x92t seem to draw attention from the traditional art world. Is it bullish still for NFT art? Yes, but there\x92s still always concern that the NFT ecosystem is largely an echochamber.\x94 Elsewhere, the U.S. sportswear giant Nike released a teaser on Saturday which appears to be an NFT collaboration with online video game Fortnite, which will be unveiled on June 20. .SWOOSH, Nike\x92s Web 3.0 platform that issues NFT sneakers, also announced a partnership with sports video game publisher EA Sports earlier this month. \x93A new innovation has reached Ethereum called ethscriptions , inspired by inscriptions on Bitcoin. This new process allows you to inscribe tiny images (under 96kb) on mostly any Ethereum transaction, thus allowing cheap on-chain image storage,\x94 said Petscher. \x93The innovation here is the ease of storing an image on-chain, which is typically avoided in standard contract storage due to the high cost. In just a few days nearly 200ETH of secondary volume has been transacted, most from a sold out 10k collection of Ethereum Punks.\x94 U.S. futures trade mixed Image: Envato Elements U.S. stock futures traded mixed as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.10%, the S&P 500 inched up 0.01%, while Nasdaq futures added 0.16%. The U.S. stock market is closed Monday for a public holiday and will open on Tuesday. The three major U.S. stock indexes all closed lower on Friday but logged gains for the week, as investors sorted through mixed signals from economic data and comments from Federal Reserve officials on Friday. A survey by the University of Michigan on Friday showed consumers expect annual inflation of 3.3% over the next year, the lowest since March 2021, but still above the Federal Reserve\x92s goal of annual inflation below 2%. Federal Reserve Governor Christopher Waller and Richmond Federal Reserve Bank President Thomas Barkin said on Friday that more interest rate hikes might be required to fight inflation. \x93We\x92re seeing policy rates having some effects on parts of the economy. The labor market is still strong, but core-kind of inflation is just not moving and that\x92s going to require probably some more tightening to try to get that going down,\x94 said Waller in his Friday speech. The Federal Reserve will meet on July 26 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike. Meanwhile in China, analysts expect the country\x92s central bank to make a 10 basis-point cut to its one-year and five-year loan prime rates on Tuesday, lowering the rates to 3.55% and 4.20% as the country struggles with a slow post-Covid recovery, according to Reuters on Monday. (Updates with equities section.)', 'Bitcoin dipped on Monday morning in Asia after reclaiming the US$26,000 support level over the weekend. Ether also fell back, but held above US$1,700. \xa0XRP, Dogecoin and Litecoin were the only gainers among the top 10 non-stablecoin cryptocurrencies, while Tron’s TRX led the losers. The U.S.-based crypto exchange Bakkt reportedly joined other trading platforms in delisting Polygon, Solana and Cardano after the U.S. regulator this month labelled them illegally issued financial securities. U.S. equity markets are closed Monday for a public holiday, but they could gain in the week ahead aseconomic dataon Friday pointed to slowing inflation, while the first visit to China in almost five years by a top U.S.diplomatcould be a positive for capital markets.\nBitcoin fell 0.97% over the last 24 hours to US$26,308 at 07:00 a.m. in Hong Kong, but held onto a weekly gain of 1.58%, according todatafrom CoinMarketCap.\nThe world’s largest cryptocurrency breached the US$26,000 level on Saturday to reach a seven-day high of US$26,769. The token had slumped to three-month lows at the end of last week.\nEther edged down 0.82% to US$1,716, logging a weekly loss of 2.18%.\nWith the exception of XRP, other top 10 non-stablecoin cryptocurrencies traded lower in the past 24 hours. Polygon’s Matic led the losers, slumping 3.22% to US$0.5971 and down 5.88% over the past seven days.\nNew York-based crypto exchange Bakkt has suspended trading of Polygon, Solana and Cardano tokens and plans to delist them, according toFortuneon Friday. Trading platforms such as Robinhood and eToro have also decided todelistmultiple cryptocurrencies after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this month against Coinbase and Binance.US and named a long list of cryptocurrencies as securities that were issued and sold without SEC approval.\n“Bitcoin and other cryptocurrencies were affected by increasingly changing sentiment toward crypto as traders could limit their risk-taking in the crypto market due to limited upside catalysts and particularly considering the legal risks in the US,” said Wael Makarem, senior market strategist at trading platformExness Group, in emailed comments.\n“The legal actions could scare away some investors from the market but could be relatively positive for Bitcoin’s dominance against other cryptocurrencies. In this regard, Bitcoin has also been gaining ground against Ethereum,” said Makarem.\nThe Bitcoin balance on crypto exchanges reached a three-month low of 2,281,978.198 tokens on Sunday, according to blockchain data trackerGlassnode, which reduced some selling pressure as investors normally move tokens to exchanges when they plan to sell.\nXRP logged gains for the past 24 hours, rising 1.01% to US$0.4859, but losing 6.34% for the week.\nFinTech firm Ripple Labs, whose crypto payment platform is powered by XRP, announced on Friday apartnershipwith Columbia’s central bank to explore the use of blockchain technologies in the country’s digital payment system.\nLast Friday, MakerDAO’s stablecoin Dai replaced Binance USD (BUSD) as the third largest stablecoin by market cap. BUSD has seen its market cap falling over 10% in the past seven days, after the SEC issuedcharges against Binanceon June 5, according to data fromCoinGecko.\nThe total cryptocurrency market cap dipped 0.53% to US$1.07 trillion in the last 24 hours, while crypto trading volume fell 18.47% to US$19.69 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.16% to 2,878.56 in the 24 hours to 09:30 a.m. in Hong Kong. The index is down 4.80% for the seven days.\nNFT sales on Ethereum fell 20.61% in the past 24 hours to US$11.06 million, according toCryptoSlamdata. Sales on the Bitcoin blockchain slid 44.71% to US$882,550.\n“Sales across Ethereum and Bitcoin continue to lose steam, and it’s hard to say when this could turn around due to uncertainty with regulations and legal matters up in the air,”saidYehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nDespite the decline, Sotheby’s NFT auction sawRingers #879, an Ethereum-based NFT created by Canadian artist Dmitri Cherniak, sell for US$6.2 million on Friday, the second highest sale of a piece of generative art, or created using autonomous systems.\n“Sotheby’s auction concluded and saw $10.9m in sales, over half of which was from the Ringers grail,” said Petscher, “It’s worth noting that the supposed buyer already a major NFT trader, so this auction didn’t seem to draw attention from the traditional art world. Is it bullish still for NFT art? Yes, but there’s still always concern that the NFT ecosystem is largely an echochamber.”\nElsewhere, the U.S. sportswear giant Nike released ateaseron Saturday which appears to be an NFT collaboration with online video game Fortnite, which will be unveiled on June 20. .SWOOSH, Nike’s Web 3.0 platform that issues NFT sneakers, also announced apartnershipwith sports video game publisher EA Sports earlier this month.\n“A new innovation has reached Ethereum calledethscriptions, inspired by inscriptions on Bitcoin. This new process allows you to inscribe tiny images (under 96kb) on mostly any Ethereum transaction, thus allowing cheap on-chain image storage,” said Petscher.\n“The innovation here is the ease of storing an image on-chain, which is typically avoided in standard contract storage due to the high cost. In just a few days nearly 200ETH of secondary volume has been transacted, most from a sold out 10k collection of Ethereum Punks.”\nU.S. stock futures traded mixed as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.10%, the S&P 500 inched up 0.01%, while Nasdaq futures added 0.16%. The U.S. stock market is closed Monday for a public holiday and will open on Tuesday.\nThe three major U.S. stock indexes all closed lower on Friday but logged gains for the week, as investors sorted through mixed signals from economic data and comments from Federal Reserve officials on Friday.\nAsurveyby the University of Michigan on Friday showed consumers expect annual inflation of 3.3% over the next year, the lowest since March 2021, but still above the Federal Reserve’s goal of annual inflation below 2%.\nFederal Reserve GovernorChristopher Wallerand Richmond Federal Reserve Bank PresidentThomas Barkinsaid on Friday that more interest rate hikes might be required to fight inflation.\n“We’re seeing policy rates having some effects on parts of the economy. The labor market is still strong, but core-kind of inflation is just not moving and that’s going to require probably some more tightening to try to get that going down,” said Waller in his Friday speech.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which are now between 5 and 5.25%, the highest since 2006. TheCME FedWatch Toolpredicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike.\nMeanwhile in China, analysts expect the country’s central bank to make a 10 basis-point cut to its one-year and five-year loan prime rates on Tuesday, lowering the rates to 3.55% and 4.20% as the country struggles with a slow post-Covid recovery, according toReuterson Monday.\n(Updates with equities section.)', 'Good morning. Here’s what’s happening:\nPrices:BitBull Capital\'s Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what\'s needed to stop it from struggling in the future.\nInsights:Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues?\nCoinDesk Market Index (CMI)\n1,108\n−5.5▼0.5%\nBitcoin (BTC)\n$26,366\n−144.8▼0.5%\nEthereum (ETH)\n$1,724\n−2.9▼0.2%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,969\n+10.9▲0.6%\nNikkei 225\n33,706.08\n+220.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,108", "\\u22125.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,366", "\\u2212144.8\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,724", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,969", "+10.9\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,706.08", "+220.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Rate Hike Pause Enough for a Rally?\nBitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724.\nThe trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%. TheCoinDesk Market Index, a measure of crypto markets performance, was slightly in the red.\n“With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.”\nBitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term.\n“For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+1.5%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}]\nIndonesia’s Approved List of Crypto Tokens Has Plenty of Junk – and Possible Securities\nOne of the stories that was missed during the last weekwas an updated listfrom the Indonesian Commodities Bureau (BAPPEBTI) that shows which digital assets are approved for trading in the country.\nThis isn’t the first time the regulator has done this. Last September, the regulator publishedits initial list, and now it\'s much more expansive.\nBut it\'s interesting now because of the timing.\nSo many of the tokens on the list would be considered securities in the U.S.Tokens namedby the Securities and Exchange Commission (SEC) as securities, like Solana (SOL), Cardano (ADA), and Decentraland (MANA) are on there. Tokens that wouldn’t passHong Kong’s quality testof high liquidity and a 12-month track record are on there.\nPerhaps the message the regulator wanted to telegraph is that Indonesia is open to a wide variety of crypto trading – it justwants the capital gains tax from it.\nIt gets that sought-after tax by taking a light touch on the quality of trading by allowing quantity. Lots of Hong Kongers were burned on the collapse of FTX, which is why the regulator there has an eye on quality control. Indonesia is more set on capturing tax revenue as its middle class grows, something ithas had trouble doingwith itslarge informal economy.\nThe concerns are just different in Indonesia. There are also plenty of tokens on the list that wouldn’t cut it in Thailand, like PEPE and Floki – where theregulator has bannedmeme tokens. There’s not a demand for a flight to quality with regulated crypto in this country.\nBut isn\'t that a core tenant of a free-market economy? Why is the government in the best position to pick your crypto?\n6:00 p.m. HKT/SGT(10:00 UTC)German Buba Monthly Report\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Industrial Product Price\n10 p.m. HKT/SGT(14:00 UTC)NAHB Housing Market Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Files for a Spot Bitcoin ETF; Binance Under Investigation in France\nBinance\'s French unit is under investigation for the "illegal" provision of digital asset services and "acts of aggravated money laundering." BlackRock (BLK) iShares had filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Anthony Georgiades, Innovating Capital General Partner, weighed in on market reaction. Plus, Cboe Digital President John Palmer joined to discuss gaining CFTC approval to launch margin futures on bitcoin and ether. Generative artist Dmitri Cherniak\'s Ringers #879 non-fungible token (NFT) sold at auction for a full price of $6.2 million. Sotheby’s Head of Digital Art and NFTs Michael Bouhanna joined the conversation.\nTether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents:Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.\nBinance to Quit Netherlands After Failing to Acquire License:The crypto exchange\'s attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful.\nCentral Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments:An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.\nProfessional Investors Still Have an Appetite for Digital Assets, Survey:A survey by Nomura’s digital asset subsidiary shows that investors overwhelmingly say digital assets represent an important diversification opportunity.\nBlackRock’s Bitcoin ETF Would Be a Big Deal:And it doesn’t really matter if it’s technically a trust.', 'Good morning. Here’s what’s happening: Prices: BitBull Capital\'s Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what\'s needed to stop it from struggling in the future. Insights: Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues? Prices CoinDesk Market Index (CMI) 1,108 −5.5 ▼ 0.5% Bitcoin (BTC) $26,366 −144.8 ▼ 0.5% Ethereum (ETH) $1,724 −2.9 ▼ 0.2% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,969 +10.9 ▲ 0.6% Nikkei 225 33,706.08 +220.6 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,108 −5.5 ▼ 0.5% Bitcoin (BTC) $26,366 −144.8 ▼ 0.5% Ethereum (ETH) $1,724 −2.9 ▼ 0.2% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,969 +10.9 ▲ 0.6% Nikkei 225 33,706.08 +220.6 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is a Rate Hike Pause Enough for a Rally? Bitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724. The trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%. The CoinDesk Market Index , a measure of crypto markets performance, was slightly in the red. “With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.” Bitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term. “For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +3.5% Currency XRP XRP +1.5% Currency Polkadot DOT +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −3.8% Smart Contract Platform Loopring LRC −2.7% Smart Contract Platform Terra LUNA −2.6% Smart Contract Platform Insights Indonesia’s Approved List of Crypto Tokens Has Plenty of Junk – and Possible Securities One of the stories that was missed during the last week was an updated list from the Indonesian Commodities Bureau (BAPPEBTI) that shows which digital assets are approved for trading in the country. This isn’t the first time the regulator has done this. Last September, the regulator published its initial list , and now it\'s much more expansive. But it\'s interesting now because of the timing. So many of the tokens on the list would be considered securities in the U.S. Tokens named by the Securities and Exchange Commission (SEC) as securities, like Solana (SOL), Cardano (ADA), and Decentraland (MANA) are on there. Tokens that wouldn’t pass Hong Kong’s quality test of high liquidity and a 12-month track record are on there. Perhaps the message the regulator wanted to telegraph is that Indonesia is open to a wide variety of crypto trading – it just wants the capital gains tax from it. It gets that sought-after tax by taking a light touch on the quality of trading by allowing quantity. Lots of Hong Kongers were burned on the collapse of FTX, which is why the regulator there has an eye on quality control. Indonesia is more set on capturing tax revenue as its middle class grows, something it has had trouble doing with its large informal economy. The concerns are just different in Indonesia. There are also plenty of tokens on the list that wouldn’t cut it in Thailand, like PEPE and Floki – where the regulator has banned meme tokens. There’s not a demand for a flight to quality with regulated crypto in this country. But isn\'t that a core tenant of a free-market economy? Why is the government in the best position to pick your crypto? Important events. 6:00 p.m. HKT/SGT(10:00 UTC) German Buba Monthly Report 8:30 p.m. HKT/SGT(12:30 UTC) Canada Industrial Product Price 10 p.m. HKT/SGT(14:00 UTC) NAHB Housing Market Index (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BlackRock Files for a Spot Bitcoin ETF; Binance Under Investigation in France Binance\'s French unit is under investigation for the "illegal" provision of digital asset services and "acts of aggravated money laundering." BlackRock (BLK) iShares had filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Anthony Georgiades, Innovating Capital General Partner, weighed in on market reaction. Plus, Cboe Digital President John Palmer joined to discuss gaining CFTC approval to launch margin futures on bitcoin and ether. Generative artist Dmitri Cherniak\'s Ringers #879 non-fungible token (NFT) sold at auction for a full price of $6.2 million. Sotheby’s Head of Digital Art and NFTs Michael Bouhanna joined the conversation. Headlines Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents : Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin. Binance to Quit Netherlands After Failing to Acquire License : The crypto exchange\'s attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful. Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments : An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown. Professional Investors Still Have an Appetite for Digital Assets, Survey : A survey by Nomura’s digital asset subsidiary shows that investors overwhelmingly say digital assets represent an important diversification opportunity. BlackRock’s Bitcoin ETF Would Be a Big Deal : And it doesn’t really matter if it’s technically a trust.', 'Good morning. Here’s what’s happening:\nPrices:BitBull Capital\'s Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what\'s needed to stop it from struggling in the future.\nInsights:Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues?\nCoinDesk Market Index (CMI)\n1,108\n−5.5▼0.5%\nBitcoin (BTC)\n$26,366\n−144.8▼0.5%\nEthereum (ETH)\n$1,724\n−2.9▼0.2%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,969\n+10.9▲0.6%\nNikkei 225\n33,706.08\n+220.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,108", "\\u22125.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,366", "\\u2212144.8\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,724", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,969", "+10.9\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,706.08", "+220.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Rate Hike Pause Enough for a Rally?\nBitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724.\nThe trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%. TheCoinDesk Market Index, a measure of crypto markets performance, was slightly in the red.\n“With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.”\nBitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term.\n“For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.”\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+3.5%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+1.5%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}]\nIndonesia’s Approved List of Crypto Tokens Has Plenty of Junk – and Possible Securities\nOne of the stories that was missed during the last weekwas an updated listfrom the Indonesian Commodities Bureau (BAPPEBTI) that shows which digital assets are approved for trading in the country.\nThis isn’t the first time the regulator has done this. Last September, the regulator publishedits initial list, and now it\'s much more expansive.\nBut it\'s interesting now because of the timing.\nSo many of the tokens on the list would be considered securities in the U.S.Tokens namedby the Securities and Exchange Commission (SEC) as securities, like Solana (SOL), Cardano (ADA), and Decentraland (MANA) are on there. Tokens that wouldn’t passHong Kong’s quality testof high liquidity and a 12-month track record are on there.\nPerhaps the message the regulator wanted to telegraph is that Indonesia is open to a wide variety of crypto trading – it justwants the capital gains tax from it.\nIt gets that sought-after tax by taking a light touch on the quality of trading by allowing quantity. Lots of Hong Kongers were burned on the collapse of FTX, which is why the regulator there has an eye on quality control. Indonesia is more set on capturing tax revenue as its middle class grows, something ithas had trouble doingwith itslarge informal economy.\nThe concerns are just different in Indonesia. There are also plenty of tokens on the list that wouldn’t cut it in Thailand, like PEPE and Floki – where theregulator has bannedmeme tokens. There’s not a demand for a flight to quality with regulated crypto in this country.\nBut isn\'t that a core tenant of a free-market economy? Why is the government in the best position to pick your crypto?\n6:00 p.m. HKT/SGT(10:00 UTC)German Buba Monthly Report\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Industrial Product Price\n10 p.m. HKT/SGT(14:00 UTC)NAHB Housing Market Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Files for a Spot Bitcoin ETF; Binance Under Investigation in France\nBinance\'s French unit is under investigation for the "illegal" provision of digital asset services and "acts of aggravated money laundering." BlackRock (BLK) iShares had filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Anthony Georgiades, Innovating Capital General Partner, weighed in on market reaction. Plus, Cboe Digital President John Palmer joined to discuss gaining CFTC approval to launch margin futures on bitcoin and ether. Generative artist Dmitri Cherniak\'s Ringers #879 non-fungible token (NFT) sold at auction for a full price of $6.2 million. Sotheby’s Head of Digital Art and NFTs Michael Bouhanna joined the conversation.\nTether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents:Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.\nBinance to Quit Netherlands After Failing to Acquire License:The crypto exchange\'s attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful.\nCentral Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments:An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.\nProfessional Investors Still Have an Appetite for Digital Assets, Survey:A survey by Nomura’s digital asset subsidiary shows that investors overwhelmingly say digital assets represent an important diversification opportunity.\nBlackRock’s Bitcoin ETF Would Be a Big Deal:And it doesn’t really matter if it’s technically a trust.', 'A new protocol called Ethscriptions has generated significant interest within theEthereumcommunity, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on theBitcoinnetwork, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community\'s openness to innovation and experimentation.\nThe debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain\'s ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption.', 'A new protocol called Ethscriptions has generated significant interest within theEthereumcommunity, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on theBitcoinnetwork, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community\'s openness to innovation and experimentation.\nThe debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain\'s ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption.', 'Ethscriptions Launch on Ethereum Following Inscriptions on Bitcoin The Protocol Leverages Ethereum "Calldata" and is Considered Cheaper and More Decentralized Than Using Contract Storage A new protocol called Ethscriptions has generated significant interest within the Ethereum community, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on the Bitcoin network, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community\'s openness to innovation and experimentation. The debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain\'s ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption. View comments', 'The release of theHinman paperslast week in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple is a boost to ether (ETH), and is likely to trigger a move to more decentralization in the crypto market, JPMorgan (JPM) said in a research report Thursday.\nEmailstied to former Director of Corporation Finance William Hinman’s2018 speechsaying ether did not look like a security were published last Tuesday by Ripple in itsdefense against an SEC lawsuit.\nSenior leadership at the SEC did not rank ether as a security in 2018, the report noted, and SEC officials acknowledged that the “fact that tokens on a sufficiently decentralized network are no longer securities creates a regulatory gap.”\n“The speech acknowledges that there is an other category,” analysts led by Nikolaos Panigirtzoglou wrote, adding that “it is not a security because there is no controlling group (at least in the Howey sense) yet there may be a need for regulation to protect purchasers.”\nPanigirtzoglou was referring to theHowey Test, which is used to determine which transactions qualify as investment contracts and thus subject to U.S. securities laws. An asset can be classed as a security if there is an investment of money in a common enterprise and the expectation of profits derived from the efforts of others.\nJPMorgan says these revelations could explain why the regulator has not taken action against ether while targeting other crypto tokens this year.\n“The Hinman documents are likely to influence the direction of the current U.S. congressional effort to regulate the crypto industry in a way that ether would avoid being designated as a security,” the analysts wrote.\nThe easiest solution for Congress would be to put ether in the same category as bitcoin (BTC), and regulate it as a commodity under the oversight of the Commodity Futures Trading Commission (CFTC).\nA new “other category” could be introduced specific to ether and other cryptocurrencies that are decentralized enough to avoid being classed as securities, the bank said, adding that the “more decentralized a cryptocurrency is the higher its chance that it would avoid being designated as a security.”\nThe Hinman documents will probably intensify the race among major cryptocurrencies to become more decentralized and look more like ether, the report said.\nRead more:Classifying Crypto Tokens as Securities Will Hamper Some Blockchain’s Decentralization Efforts, Bernstein Says', 'The release of the Hinman papers last week in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple is a boost to ether (ETH), and is likely to trigger a move to more decentralization in the crypto Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $513,280,369,519 - Hash Rate: 369534333.3997841 - Transaction Count: 415604.0 - Unique Addresses: 614017.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Jody Godoy June 7 (Reuters) - Determining whether digital tokens are securities will be central to the high-stakes case brought by U.S. regulators alleging crypto platform Coinbase violated the law by failing to register as a securities exchange, broker and clearing agency. WHAT IS THE SEC ALLEGING? The Securities and Exchange Commission (SEC) sued Coinbase on Tuesday in Manhattan federal court and accused the largest U.S. cryptocurrency platform of operating illegally by evading disclosure requirements. The SEC said Coinbase allowed users to trade at least 13 crypto assets that should have been registered as securities, including tokens such as Solana, Cardano and Polygon. The regulator is seeking financial penalties and wants a judge to order Coinbase to follow U.S. securities law. The SEC has brought more than a hundred enforcement actions in the past decade claiming various cryptocurrencies are securities, but the Coinbase case will be the biggest test yet of the regulator's jurisdiction over the industry. The regulator this week also sued Binance, claiming the world's largest crypto exchange engaged in "an elaborate scheme to evade U.S. federal securities laws." Coinbase has denied listing any securities. Binance has called the case disappointing and said it plans to defend against the claims. Coinbase and other industry players have been adamant that cryptocurrencies - which operate on a database shared across a network of computers, known as a blockchain - do not fit the definition of securities under U.S. law. WHAT IS A 'SECURITY' UNDER U.S. LAW? To argue that crypto assets are securities, the SEC has relied on a U.S. Supreme Court case from 1946. The case dealt with investors in Florida orange groves owned by the W. J. Howey Co. The court ruled that "an investment of money in a common enterprise with profits to come solely from the efforts of others," is a kind of security called an investment contract. The SEC had jurisdiction to seek to prevent Howey from selling to out-of-state investors fractional land interests with a contract to provide profit from the harvest, the court said. Securities, as opposed to other assets such as commodities, are strictly regulated and require detailed disclosures to inform investors of potential risks. WHAT MAKES A CRYPTO ASSET A SECURITY? Many of the SEC's crypto-related cases have ended in settlements, with companies paying fines and agreeing to follow U.S. law. In some cases, this has meant exiting the U.S. market or closing a cryptocurrency project. In the few cases that have been decided in court, judges have agreed with the SEC that specific crypto assets are securities. Those rulings said developers' statements tying the value of their digital assets to efforts to grow or maintain the associated blockchain systems showed that investor profits depended on the "efforts of others." Courts have also decided that investors in those assets participated in a "common enterprise" because the funds they spent were pooled by the token issuer and used to develop relevant systems. The SEC's case against Ripple Labs over XRP, currently the world's six-largest cryptocurrency, is likely to be the next case decided. Ripple has said there was no common enterprise, since the blockchain associated with the cryptocurrency was fully operational before XRP was ever sold. WHAT ABOUT BITCOIN? Bitcoin is not considered a security because its anonymous and open-source origins mean investor profits are not dependent on the efforts of developers or managers, said Carol Goforth, a law professor at the University of Arkansas. Some blockchain projects have tried to fund their operations in two stages, by offering securities under SEC regulations and later giving or selling those investors cryptocurrency after building a functional blockchain. Goforth said the developers hoped that approach would remove the "comment enterprise" element but she added the SEC has never clarified what it would take to convert a security to a non-security. HOW WILL THE COINBASE CASE UNFOLD? Coinbase CEO Brian Armstrong said on Twitter after the lawsuit was filed that the company is "proud to represent the industry in court to finally get some clarity around crypto rules." But a ruling on the central issue could take years. The Ripple case, which involves only one cryptocurrency, has taken two-and-a-half years to reach the point where a ruling is possible. The SEC has alleged in the Coinbase case that 13 different digital assets sold on the platform are securities. (Reporting by Jody Godoy in New York Editing by Nick Zieminski)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: BTC was trading at $26.8K, but Oanda Senior Market Analyst Craig Erlam is skeptical that bitcoin\'s price will rise significantly in the months ahead amid uncertain industry and economic news. Insights: A number of crypto exchanges feature market makers. Do they create conflicts of interest? An FT story looks at Crypto.com\'s market maker. Prices CoinDesk Market Index (CMI) 1,120 +12.6 ▲ 1.1% Bitcoin (BTC) $26,816 +440.3 ▲ 1.7% Ethereum (ETH) $1,736 +11.5 ▲ 0.7% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,963 +4.8 ▲ 0.2% Nikkei 225 33,370.42 −335.7 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,120 +12.6 ▲ 1.1% Bitcoin (BTC) $26,816 +440.3 ▲ 1.7% Ethereum (ETH) $1,736 +11.5 ▲ 0.7% S&P 500 4,409.59 −16.3 ▼ 0.4% Gold $1,963 +4.8 ▲ 0.2% Nikkei 225 33,370.42 −335.7 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) BlackRock has Buoyed the Market, but Bitcoin \'Looks Vulnerable\' Both bitcoin and ether are beginning the Asia trading day in the green, with the world’s largest digital asset up 1.7% to $26,816 while ether is up 0.7% to $1,736. While the market remains optimistic that BlackRock will be successful with its application for a bitcoin spot exchange-traded fund, Craig Erlam, a Senior Market Analyst with OANDA, said in a note that bitcoin still looks “vulnerable”. “Bitcoin ended last week quite positively after dropping to three-month lows on Wednesday, but it continues to look vulnerable to further declines,” Erlam said. “The two-month trend is not in its favour, and the news flow isn\'t exactly helping the situation either. It\'s had a remarkable year and remains more than 50% higher, so it\'s hardly a dire situation.” Erlam still thinks there’s a bull case for bitcoin, it just hasn’t been realized yet. The recent downturns, he argues, are simply a correction phase within an overall optimistic bull market. Story continues “However, there\'s little evidence indicating any imminent improvement, especially considering the Securities and Exchange Commission\'s intensifying scrutiny of major exchanges,” he concluded. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +4.3% Smart Contract Platform Polygon MATIC +3.1% Smart Contract Platform Bitcoin BTC +1.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Chainlink LINK −0.6% Computing Polkadot DOT −0.1% Smart Contract Platform Insights Should Crypto Exchanges Have Market Makers? Crypto.com has joined the club of crypto exchanges that operate an internal market maker, the Financial Times reported Monday . Market makers are entities that use their own capital to facilitate the trade of tokens on exchanges by taking the counter position on a trade, allowing investors to rapidly exit positions without a counterparty at the other end. If exchanges didn’t have market makers, their liquidity would be considerably thinner on all but the largest tokens. “We have an internal market maker that operates on the Crypto.com exchange, and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform,” the company told the FT. “This is not a controversial practice.” In the world of Decentralized Finance (DeFi), automated market makers are what allow platforms like Uniswap to exist. By their nature, most crypto exchanges operate internal market makers. Famously, Binance has Sigma Chain and Merit Peak ,which have been in the news recently. Disgraced FTX, had Alameda. Coinbase denies that it runs one. Participants on the platform, including market makers, are treated equally,” Crypto.com also told the FT. “[The exchange] does not rely on proprietary trading as a source of revenue”. Without having an internal market maker, it simply wouldn’t be profitable – or even perhaps possible – to list smaller cap tokens and expect a market to form around them. There just won’t be enough activity to quickly match buyers and sellers, making the bid depth unappealing to traders. Some exchanges instead choose to allow external market makers to operate on their platform. Bullish, for instance, uses B2C2, as an example . Operating internal market makers raises lots of possibilities for allegations of conflict of interest. Alameda was an investor in many of the tokens it traded as a market maker. Allegations that Sigma Chain or Merit Peak manipulates markets have yet to be proven in court. Of course, this isn’t a great look for the industry. But it’s just how it works. So many r etail equity trades operate in the same way – it\'s just how the industry works. DeFi’s automated market makers perhaps are a better option, as they are algorithmic and open source, but even these can be accused of bias. If Crypto.com really lied to outside parties, as the FT claims, about its market-making operations, then that’s a story. But as it stands, and as it said in its rebuttals to the FT’s questions, it’s just doing what everyone else does. Poor optics, yes, but welcome to crypto. Important events. 9:15 a.m. HKT/SGT(1:15 a.m. UTC): The People\'s Bank of China interest rate decision 9:35 a.m. HKT/SGT(1:35 a.m. UTC): Speech by Reserve Bank of Australia Assistant Governor Christopher Kent 8:30 p.m. H1HKT/SGT(12:30 p.m. UTC): U.S. Housing Starts (May) CoinDesk TV In case you missed it, here is the most recent episode of "The Hash" on CoinDesk TV : Abra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents "The Hash" hosts unpack today\'s top stories: Binance\'s French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump\'s NFT project. Headlines Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case: The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon. Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan: The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said. Ethereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether: Low validator limits have led to waiting times of over one month, as of Monday. Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a \'Scam\': Musk had previously engaged with the Bob token bot several times, aiding a value rise. UK Crypto, Stablecoin Laws Approved by Parliament\'s Upper House: The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.', 'Good morning. Here’s what’s happening:\nPrices:BTC was trading at $26.8K, but Oanda Senior Market Analyst Craig Erlam is skeptical that bitcoin\'s price will rise significantly in the months ahead amid uncertain industry and economic news.\nInsights:A number of crypto exchanges feature market makers. Do they create conflicts of interest? An FT story looks at Crypto.com\'s market maker.\nCoinDesk Market Index (CMI)\n1,120\n+12.6▲1.1%\nBitcoin (BTC)\n$26,816\n+440.3▲1.7%\nEthereum (ETH)\n$1,736\n+11.5▲0.7%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,963\n+4.8▲0.2%\nNikkei 225\n33,370.42\n−335.7▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,120", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,816", "+440.3\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,736", "+11.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,963", "+4.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,370.42", "\\u2212335.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBlackRock has Buoyed the Market, but Bitcoin \'Looks Vulnerable\'\nBoth bitcoin and ether are beginning the Asia trading day in the green, with the world’s largest digital asset up 1.7% to $26,816 while ether is up 0.7% to $1,736.\nWhile themarket remains optimisticthat BlackRock will be successful with its application for a bitcoin spot exchange-traded fund, Craig Erlam, a Senior Market Analyst with OANDA, said in a note that bitcoin still looks “vulnerable”.\n“Bitcoin ended last week quite positively after dropping to three-month lows on Wednesday, but it continues to look vulnerable to further declines,” Erlam said. “The two-month trend is not in its favour, and the news flow isn\'t exactly helping the situation either. It\'s had a remarkable year and remains more than 50% higher, so it\'s hardly a dire situation.”\nErlam still thinks there’s a bull case for bitcoin, it just hasn’t been realized yet.\nThe recent downturns, he argues, are simply a correction phase within an overall optimistic bull market.\n“However, there\'s little evidence indicating any imminent improvement, especially considering the Securities and Exchange Commission\'s intensifying scrutiny of major exchanges,” he concluded.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nShould Crypto Exchanges Have Market Makers?\nCrypto.comhas joined the club of crypto exchanges that operate an internal market maker, theFinancial Times reported Monday.\nMarket makers are entities that use their own capital to facilitate the trade of tokens on exchanges by taking the counter position on a trade, allowing investors to rapidly exit positions without a counterparty at the other end. If exchanges didn’t have market makers, their liquidity would be considerably thinner on all but the largest tokens.\n“We have an internal market maker that operates on theCrypto.comexchange, and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform,” the company told the FT. “This is not a controversial practice.”\nIn the world of Decentralized Finance (DeFi), automated market makers are what allow platforms like Uniswap to exist.\nBy their nature, most crypto exchanges operate internal market makers. Famously, Binance hasSigma Chain and Merit Peak,which havebeen in the news recently.Disgraced FTX, had Alameda.Coinbase deniesthat it runs one.\nParticipants on the platform, including market makers, are treated equally,”Crypto.comalso told the FT. “[The exchange] does not rely on proprietary trading as a source of revenue”.\nWithout having an internal market maker, it simply wouldn’t be profitable – or even perhaps possible – to list smaller cap tokens and expect a market to form around them. There just won’t be enough activity to quickly match buyers and sellers, making the bid depth unappealing to traders.\nSome exchanges instead choose to allow external market makers to operate on their platform. Bullish, for instance, uses B2C2,as an example.\nOperating internal market makers raises lots of possibilities for allegations of conflict of interest. Alameda was an investor in many of the tokens it traded as a market maker.Allegationsthat Sigma Chain or Merit Peak manipulates markets have yet to be proven in court.\nOf course, this isn’t a great look for the industry. But it’s just how it works. So many retail equity trades operatein the same way – it\'s just how the industry works. DeFi’s automated market makers perhaps are a better option, as they are algorithmic and open source, but even these can be accused of bias.\nIfCrypto.comreally lied to outside parties, as the FT claims, about its market-making operations, then that’s a story. But as it stands, and as it said in its rebuttals to the FT’s questions, it’s just doing what everyone else does. Poor optics, yes, but welcome to crypto.\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):The People\'s Bank of China interest rate decision\n9:35 a.m. HKT/SGT(1:35 a.m. UTC):Speech by Reserve Bank of Australia Assistant Governor Christopher Kent\n8:30 p.m. H1HKT/SGT(12:30 p.m. UTC):U.S. Housing Starts (May)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nAbra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents\n"The Hash" hosts unpack today\'s top stories: Binance\'s French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump\'s NFT project.\nDo Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case:The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon.\nHinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan:The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.\nEthereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether:Low validator limits have led to waiting times of over one month, as of Monday.\nMeme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a \'Scam\':Musk had previously engaged with the Bob token bot several times, aiding a value rise.\nUK Crypto, Stablecoin Laws Approved by Parliament\'s Upper House:The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.', 'Good morning. Here’s what’s happening:\nPrices:BTC was trading at $26.8K, but Oanda Senior Market Analyst Craig Erlam is skeptical that bitcoin\'s price will rise significantly in the months ahead amid uncertain industry and economic news.\nInsights:A number of crypto exchanges feature market makers. Do they create conflicts of interest? An FT story looks at Crypto.com\'s market maker.\nCoinDesk Market Index (CMI)\n1,120\n+12.6▲1.1%\nBitcoin (BTC)\n$26,816\n+440.3▲1.7%\nEthereum (ETH)\n$1,736\n+11.5▲0.7%\nS&P 500\n4,409.59\n−16.3▼0.4%\nGold\n$1,963\n+4.8▲0.2%\nNikkei 225\n33,370.42\n−335.7▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,120", "+12.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$26,816", "+440.3\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,736", "+11.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,409.59", "\\u221216.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,963", "+4.8\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,370.42", "\\u2212335.7\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBlackRock has Buoyed the Market, but Bitcoin \'Looks Vulnerable\'\nBoth bitcoin and ether are beginning the Asia trading day in the green, with the world’s largest digital asset up 1.7% to $26,816 while ether is up 0.7% to $1,736.\nWhile themarket remains optimisticthat BlackRock will be successful with its application for a bitcoin spot exchange-traded fund, Craig Erlam, a Senior Market Analyst with OANDA, said in a note that bitcoin still looks “vulnerable”.\n“Bitcoin ended last week quite positively after dropping to three-month lows on Wednesday, but it continues to look vulnerable to further declines,” Erlam said. “The two-month trend is not in its favour, and the news flow isn\'t exactly helping the situation either. It\'s had a remarkable year and remains more than 50% higher, so it\'s hardly a dire situation.”\nErlam still thinks there’s a bull case for bitcoin, it just hasn’t been realized yet.\nThe recent downturns, he argues, are simply a correction phase within an overall optimistic bull market.\n“However, there\'s little evidence indicating any imminent improvement, especially considering the Securities and Exchange Commission\'s intensifying scrutiny of major exchanges,” he concluded.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nShould Crypto Exchanges Have Market Makers?\nCrypto.comhas joined the club of crypto exchanges that operate an internal market maker, theFinancial Times reported Monday.\nMarket makers are entities that use their own capital to facilitate the trade of tokens on exchanges by taking the counter position on a trade, allowing investors to rapidly exit positions without a counterparty at the other end. If exchanges didn’t have market makers, their liquidity would be considerably thinner on all but the largest tokens.\n“We have an internal market maker that operates on theCrypto.comexchange, and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform,” the company told the FT. “This is not a controversial practice.”\nIn the world of Decentralized Finance (DeFi), automated market makers are what allow platforms like Uniswap to exist.\nBy their nature, most crypto exchanges operate internal market makers. Famously, Binance hasSigma Chain and Merit Peak,which havebeen in the news recently.Disgraced FTX, had Alameda.Coinbase deniesthat it runs one.\nParticipants on the platform, including market makers, are treated equally,”Crypto.comalso told the FT. “[The exchange] does not rely on proprietary trading as a source of revenue”.\nWithout having an internal market maker, it simply wouldn’t be profitable – or even perhaps possible – to list smaller cap tokens and expect a market to form around them. There just won’t be enough activity to quickly match buyers and sellers, making the bid depth unappealing to traders.\nSome exchanges instead choose to allow external market makers to operate on their platform. Bullish, for instance, uses B2C2,as an example.\nOperating internal market makers raises lots of possibilities for allegations of conflict of interest. Alameda was an investor in many of the tokens it traded as a market maker.Allegationsthat Sigma Chain or Merit Peak manipulates markets have yet to be proven in court.\nOf course, this isn’t a great look for the industry. But it’s just how it works. So many retail equity trades operatein the same way – it\'s just how the industry works. DeFi’s automated market makers perhaps are a better option, as they are algorithmic and open source, but even these can be accused of bias.\nIfCrypto.comreally lied to outside parties, as the FT claims, about its market-making operations, then that’s a story. But as it stands, and as it said in its rebuttals to the FT’s questions, it’s just doing what everyone else does. Poor optics, yes, but welcome to crypto.\n9:15 a.m. HKT/SGT(1:15 a.m. UTC):The People\'s Bank of China interest rate decision\n9:35 a.m. HKT/SGT(1:35 a.m. UTC):Speech by Reserve Bank of Australia Assistant Governor Christopher Kent\n8:30 p.m. H1HKT/SGT(12:30 p.m. UTC):U.S. Housing Starts (May)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nAbra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents\n"The Hash" hosts unpack today\'s top stories: Binance\'s French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump\'s NFT project.\nDo Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case:The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon.\nHinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan:The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.\nEthereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether:Low validator limits have led to waiting times of over one month, as of Monday.\nMeme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a \'Scam\':Musk had previously engaged with the Bob token bot several times, aiding a value rise.\nUK Crypto, Stablecoin Laws Approved by Parliament\'s Upper House:The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.', 'Bitcoin rose in Tuesday morning trading in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin cryptocurrencies. Binance’s BNB token was little changed to lower on signs the world’s largest crypto exchange may be winding down its expansion in Europe amid widespread regulatory woes. Equity futures in the U.S. edged lower after the long weekend break, recent mixed signals on the state of inflation, and speculation about more interest rate hikes by the Federal Reserve.\nBitcoin rose 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong, moving up 3.21% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a weekly high of US$26,984 early Tuesday to test resistance at US$27,000.\nEther gained 0.86% to US$1,734, but has flatlined over the past seven days to log a weekly loss of 0.48%. Solana led the winners in the top 10, rising 3.76% to US$15.95 and up\xa04.95% for the week.\nMost other top 10 non-stablecoin tokens moved higher in early morning trade. However, Binance’s BNB posted a dip of 0.25% to US$242.87, though the token is still holding onto a weekly gain of 5.38%. The Binance exchange seems to be reining in its global expansion plans amid growing regulation challenges.\nBinance Markets Ltd, the U.K. subsidiary of Binance, can no longer “provide regulated activities and products” for non crypto-related activities in the country, according to a Monday posting on thewebsiteof the country’s Financial Conduct Authority (FCA). According to reports, Binance had permission to provide such services in the U.K. but had requested to the FCA it be withdrawn as they were unlikely to be used.\nApart from the ongoing lawsuit with U.S. regulators, Binance is also facing challenges in Europe. The company on Fridaysaidit will withdraw from the Netherlands after being unable to secure a virtual asset service provider registration in the country. The crypto exchange is alsoreportedlyunder an anti-money laundering probe in France.\nDigital asset investment products saw an outflow of US$5.1 million last week, according to data tracked by Europe-based cryptocurrency investment firmCoinShareson Monday. The data marks the ninth consecutive week of outflows, while the number is smaller thanUS$88 millionin the previous week after the world’s biggest asset managerBlackRock filed for a spot Bitcoin ETF.\n“(BlackRock’s) move also conveys a compelling message to the SEC, implying a firm stand on the importance and role of cryptocurrencies in future financial innovation in the U.S,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchangeSynFutures, said in an emailed comment.\nBlackRock’s Bitcoin ETF efforts could be a sign of a major crypto trader migration, according to Markus Thielen, Head of Crypto Research & Strategy at digital asset service platformMatrixport.\n“There are now 420 million cryptocurrency holders; migrating them to regulated entities might be the most significant task in 2023 mainly because fighting those crypto companies with deep pockets is also very time-consuming for regulators,” said Thielen in an emailed comment. “Ripple Labs has spent $200m on its lawsuit with the SEC, while Coinbase, especially Binance, could spend billions. So why not approve the Blackrock ETF and let nature play is part?”\nCoinShares indicated the slump in prices of many tokens had brought in some bargain-hunting. “The prior week crash in altcoin prices prompted investors to add to positions (in altcoin-linked investment products),” wrote CoinShares in its Monday report, “with XRP, Cardano and Polygon being the focus.”\nThe total cryptocurrency market cap rose 0.86% to US$1.07 trillion in the last 24 hours, while crypto trading volume rose 35.69% to US$26.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.17% to 2,868.69 in the 24 hours to 09:20 a.m. in Hong Kong. The index is down 3.36% for the seven days.\nNFT transactions on Ethereum rose 6.74% in the past 24 hours to US$13.16 million, according toCryptoSlamdata. Transactions on the Bitcoin blockchain surged 135.38% to US$3.43 million, while the Polygon and Cardano networks also logged two-digit gains in NFT transactions.\n“Forkast 500 NFT Index along withEthereum,Solana,Polygon, andCardanoare all close to even, which may be a sign that the market has finished reacting to the SEC’s lawsuits against Binance and Coinbase,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Sneakerhunt”, a teased collaboration between Nike’s NFT platform .SWOOSH and online video game Fortnite is set to be unveiled on Tuesday, which might bring more public exposure to NFTs.\n“This may be a huge week for NFTs after Nike’s tease about an incoming in-game sneaker event in Fortnite,” said Petscher. “Many speculate that it’s Nike’s .SWOOSH shoes that may be the prize at the end of the hunt, titled Airphoria. With Fornite’s 242+ million strong userbase, this could end up being another mass onboarding event for NFTs.”\nElsewhere, CryptoPunk #8611 of the Ethereum-based CryptoPunk NFT collection wassoldfor around US$95,000 on Saturday and immediately burned and “revived” as anOrdinal inscriptionon the Bitcoin network, with the process directed by NFT enthusiastNatanStein.\n“(The action) may be a vote of confidence in the value of assets existing on Bitcoin, but this asset now loses any potential benefits it would have received from Yuga Labs if they were to incorporate it in theirOtherside Universe,” said Petscher. “Yuga Labs famously had thousands of $APE Coin claimable for each BAYC NFT, along with land in their Otherside game, and some have speculated that CryptoPunks may one day see their own rewards.”\nU.S. stock futures traded lower as of 11.00 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.37%, while the S&P 500 and Nasdaq futures both lost 0.22%.\nAll the three major U.S. stock indexes logged gains last week as the Federal Reserve left interest rates unchanged at the June 14 meeting, but this was tempered by Fed Chair Jerome Powell,noting“nearly all Committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nThe Fedprojectsthe interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. New York Fed President John Williams will be speaking on Tuesday in the U.S. and may make further comments on the Fed’s fight with inflation.\nOn the economic data front, the U.S.housing market index, a measurement of homebuilder sentiment, reached an 11-month high of 55 in June to beat analysts’ expectations, according toBloombergon Monday. Readings above 50 indicate more housebuilders see the market condition good than bad.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 25.6% chance the Fed will keep rates unchanged in July, and a 74.4% chance for another 25-basis-point rate hike, up from 71.9% on Monday.\nChina’s central bankloweredits one-year and five-year loan prime rates to 3.55% and 4.2% on Tuesday as economists expected, as the country seeks to boost its slow post-Covid recovery, according to theFinancial Timeson Tuesday.\n(Updates with equities section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin cryptocurrencies. Binance\x92s BNB token was little changed to lower on signs the world\x92s largest crypto exchange may be winding down its expansion in Europe amid widespread regulatory woes. Equity futures in the U.S. edged lower after the long weekend break, recent mixed signals on the state of inflation, and speculation about more interest rate hikes by the Federal Reserve. Crypto Bitcoin rose 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong, moving up 3.21% for the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency reached a weekly high of US$26,984 early Tuesday to test resistance at US$27,000. Ether gained 0.86% to US$1,734, but has flatlined over the past seven days to log a weekly loss of 0.48%. Solana led the winners in the top 10, rising 3.76% to US$15.95 and up\xa04.95% for the week. Most other top 10 non-stablecoin tokens moved higher in early morning trade. However, Binance\x92s BNB posted a dip of 0.25% to US$242.87, though the token is still holding onto a weekly gain of 5.38%. The Binance exchange seems to be reining in its global expansion plans amid growing regulation challenges. Binance Markets Ltd, the U.K. subsidiary of Binance, can no longer \x93provide regulated activities and products\x94 for non crypto-related activities in the country, according to a Monday posting on the website of the country\x92s Financial Conduct Authority (FCA). According to reports, Binance had permission to provide such services in the U.K. but had requested to the FCA it be withdrawn as they were unlikely to be used. Apart from the ongoing lawsuit with U.S. regulators, Binance is also facing challenges in Europe. The company on Friday said it will withdraw from the Netherlands after being unable to secure a virtual asset service provider registration in the country. The crypto exchange is also reportedly under an anti-money laundering probe in France. Story continues Digital asset investment products saw an outflow of US$5.1 million last week, according to data tracked by Europe-based cryptocurrency investment firm CoinShares on Monday. The data marks the ninth consecutive week of outflows, while the number is smaller than US$88 million in the previous week after the world\x92s biggest asset manager BlackRock filed for a spot Bitcoin ETF . \x93(BlackRock\x92s) move also conveys a compelling message to the SEC, implying a firm stand on the importance and role of cryptocurrencies in future financial innovation in the U.S,\x94 Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures , said in an emailed comment. BlackRock\x92s Bitcoin ETF efforts could be a sign of a major crypto trader migration, according to Markus Thielen, Head of Crypto Research & Strategy at digital asset service platform Matrixport . \x93There are now 420 million cryptocurrency holders; migrating them to regulated entities might be the most significant task in 2023 mainly because fighting those crypto companies with deep pockets is also very time-consuming for regulators,\x94 said Thielen in an emailed comment. \x93Ripple Labs has spent $200m on its lawsuit with the SEC, while Coinbase, especially Binance, could spend billions. So why not approve the Blackrock ETF and let nature play is part?\x94 CoinShares indicated the slump in prices of many tokens had brought in some bargain-hunting. \x93The prior week crash in altcoin prices prompted investors to add to positions (in altcoin-linked investment products),\x94 wrote CoinShares in its Monday report, \x93with XRP, Cardano and Polygon being the focus.\x94 The total cryptocurrency market cap rose 0.86% to US$1.07 trillion in the last 24 hours, while crypto trading volume rose 35.69% to US$26.74 billion, according to CoinMarketCap data. NFT transactions rise The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.17% to 2,868.69 in the 24 hours to 09:20 a.m. in Hong Kong. The index is down 3.36% for the seven days. NFT transactions on Ethereum rose 6.74% in the past 24 hours to US$13.16 million, according to CryptoSlam data. Transactions on the Bitcoin blockchain surged 135.38% to US$3.43 million, while the Polygon and Cardano networks also logged two-digit gains in NFT transactions. \x93Forkast 500 NFT Index along with Ethereum , Solana , Polygon , and Cardano are all close to even, which may be a sign that the market has finished reacting to the SEC\x92s lawsuits against Binance and Coinbase,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93 Sneakerhunt \x94, a teased collaboration between Nike\x92s NFT platform .SWOOSH and online video game Fortnite is set to be unveiled on Tuesday, which might bring more public exposure to NFTs. \x93This may be a huge week for NFTs after Nike\x92s tease about an incoming in-game sneaker event in Fortnite,\x94 said Petscher. \x93Many speculate that it\x92s Nike\x92s .SWOOSH shoes that may be the prize at the end of the hunt, titled Airphoria. With Fornite\x92s 242+ million strong userbase, this could end up being another mass onboarding event for NFTs.\x94 Elsewhere, CryptoPunk #8611 of the Ethereum-based CryptoPunk NFT collection was sold for around US$95,000 on Saturday and immediately burned and \x93 revived \x94 as an Ordinal inscription on the Bitcoin network, with the process directed by NFT enthusiast NatanStein . \x93(The action) may be a vote of confidence in the value of assets existing on Bitcoin, but this asset now loses any potential benefits it would have received from Yuga Labs if they were to incorporate it in their Otherside Universe ,\x94 said Petscher. \x93Yuga Labs famously had thousands of $APE Coin claimable for each BAYC NFT, along with land in their Otherside game, and some have speculated that CryptoPunks may one day see their own rewards.\x94 U.S. futures lower Federal Reserve Chair Jerome Powell\|Image: Getty Images U.S. stock futures traded lower as of 11.00 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.37%, while the S&P 500 and Nasdaq futures both lost 0.22%. All the three major U.S. stock indexes logged gains last week as the Federal Reserve left interest rates unchanged at the June 14 meeting, but this was tempered by Fed Chair Jerome Powell, noting \x93nearly all Committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.\x94 The Fed projects the interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. New York Fed President John Williams will be speaking on Tuesday in the U.S. and may make further comments on the Fed\x92s fight with inflation. On the economic data front, the U.S. housing market index , a measurement of homebuilder sentiment, reached an 11-month high of 55 in June to beat analysts\x92 expectations, according to Bloomberg on Monday. Readings above 50 indicate more housebuilders see the market condition good than bad. U.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 25.6% chance the Fed will keep rates unchanged in July, and a 74.4% chance for another 25-basis-point rate hike, up from 71.9% on Monday. China\x92s central bank lowered its one-year and five-year loan prime rates to 3.55% and 4.2% on Tuesday as economists expected, as the country seeks to boost its slow post-Covid recovery, according to the Financial Times on Tuesday. (Updates with equities section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin cryptocurrencies. Binance’s BNB token was little changed to lower on signs the world’s largest crypto exchange may be winding down its expansion in Europe amid widespread regulatory woes. Equity futures in the U.S. edged lower after the long weekend break, recent mixed signals on the state of inflation, and speculation about more interest rate hikes by the Federal Reserve.\nBitcoin rose 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong, moving up 3.21% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a weekly high of US$26,984 early Tuesday to test resistance at US$27,000.\nEther gained 0.86% to US$1,734, but has flatlined over the past seven days to log a weekly loss of 0.48%. Solana led the winners in the top 10, rising 3.76% to US$15.95 and up\xa04.95% for the week.\nMost other top 10 non-stablecoin tokens moved higher in early morning trade. However, Binance’s BNB posted a dip of 0.25% to US$242.87, though the token is still holding onto a weekly gain of 5.38%. The Binance exchange seems to be reining in its global expansion plans amid growing regulation challenges.\nBinance Markets Ltd, the U.K. subsidiary of Binance, can no longer “provide regulated activities and products” for non crypto-related activities in the country, according to a Monday posting on thewebsiteof the country’s Financial Conduct Authority (FCA). According to reports, Binance had permission to provide such services in the U.K. but had requested to the FCA it be withdrawn as they were unlikely to be used.\nApart from the ongoing lawsuit with U.S. regulators, Binance is also facing challenges in Europe. The company on Fridaysaidit will withdraw from the Netherlands after being unable to secure a virtual asset service provider registration in the country. The crypto exchange is alsoreportedlyunder an anti-money laundering probe in France.\nDigital asset investment products saw an outflow of US$5.1 million last week, according to data tracked by Europe-based cryptocurrency investment firmCoinShareson Monday. The data marks the ninth consecutive week of outflows, while the number is smaller thanUS$88 millionin the previous week after the world’s biggest asset managerBlackRock filed for a spot Bitcoin ETF.\n“(BlackRock’s) move also conveys a compelling message to the SEC, implying a firm stand on the importance and role of cryptocurrencies in future financial innovation in the U.S,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchangeSynFutures, said in an emailed comment.\nBlackRock’s Bitcoin ETF efforts could be a sign of a major crypto trader migration, according to Markus Thielen, Head of Crypto Research & Strategy at digital asset service platformMatrixport.\n“There are now 420 million cryptocurrency holders; migrating them to regulated entities might be the most significant task in 2023 mainly because fighting those crypto companies with deep pockets is also very time-consuming for regulators,” said Thielen in an emailed comment. “Ripple Labs has spent $200m on its lawsuit with the SEC, while Coinbase, especially Binance, could spend billions. So why not approve the Blackrock ETF and let nature play is part?”\nCoinShares indicated the slump in prices of many tokens had brought in some bargain-hunting. “The prior week crash in altcoin prices prompted investors to add to positions (in altcoin-linked investment products),” wrote CoinShares in its Monday report, “with XRP, Cardano and Polygon being the focus.”\nThe total cryptocurrency market cap rose 0.86% to US$1.07 trillion in the last 24 hours, while crypto trading volume rose 35.69% to US$26.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.17% to 2,868.69 in the 24 hours to 09:20 a.m. in Hong Kong. The index is down 3.36% for the seven days.\nNFT transactions on Ethereum rose 6.74% in the past 24 hours to US$13.16 million, according toCryptoSlamdata. Transactions on the Bitcoin blockchain surged 135.38% to US$3.43 million, while the Polygon and Cardano networks also logged two-digit gains in NFT transactions.\n“Forkast 500 NFT Index along withEthereum,Solana,Polygon, andCardanoare all close to even, which may be a sign that the market has finished reacting to the SEC’s lawsuits against Binance and Coinbase,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Sneakerhunt”, a teased collaboration between Nike’s NFT platform .SWOOSH and online video game Fortnite is set to be unveiled on Tuesday, which might bring more public exposure to NFTs.\n“This may be a huge week for NFTs after Nike’s tease about an incoming in-game sneaker event in Fortnite,” said Petscher. “Many speculate that it’s Nike’s .SWOOSH shoes that may be the prize at the end of the hunt, titled Airphoria. With Fornite’s 242+ million strong userbase, this could end up being another mass onboarding event for NFTs.”\nElsewhere, CryptoPunk #8611 of the Ethereum-based CryptoPunk NFT collection wassoldfor around US$95,000 on Saturday and immediately burned and “revived” as anOrdinal inscriptionon the Bitcoin network, with the process directed by NFT enthusiastNatanStein.\n“(The action) may be a vote of confidence in the value of assets existing on Bitcoin, but this asset now loses any potential benefits it would have received from Yuga Labs if they were to incorporate it in theirOtherside Universe,” said Petscher. “Yuga Labs famously had thousands of $APE Coin claimable for each BAYC NFT, along with land in their Otherside game, and some have speculated that CryptoPunks may one day see their own rewards.”\nU.S. stock futures traded lower as of 11.00 a.m. in Hong Kong. Dow Jones Industrial Average futures fell 0.37%, while the S&P 500 and Nasdaq futures both lost 0.22%.\nAll the three major U.S. stock indexes logged gains last week as the Federal Reserve left interest rates unchanged at the June 14 meeting, but this was tempered by Fed Chair Jerome Powell,noting“nearly all Committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nThe Fedprojectsthe interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. New York Fed President John Williams will be speaking on Tuesday in the U.S. and may make further comments on the Fed’s fight with inflation.\nOn the economic data front, the U.S.housing market index, a measurement of homebuilder sentiment, reached an 11-month high of 55 in June to beat analysts’ expectations, according toBloombergon Monday. Readings above 50 indicate more housebuilders see the market condition good than bad.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006, and the Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 25.6% chance the Fed will keep rates unchanged in July, and a 74.4% chance for another 25-basis-point rate hike, up from 71.9% on Monday.\nChina’s central bankloweredits one-year and five-year loan prime rates to 3.55% and 4.2% on Tuesday as economists expected, as the country seeks to boost its slow post-Covid recovery, according to theFinancial Timeson Tuesday.\n(Updates with equities section.)', "Hundreds of bitcoiners flocked to the swanky Chelsea Hotel in downtown Toronto on June 17 and June 18 to attend the first ever Canadian Bitcoin Conference. It wasn't the first Bitcoin-exclusive event in the Great White North, but it was the first conference with that specific name. The event featured talks from podcast host Stephan Livera, a “build your own open-source Bitcoin miner” workshop by Quebecan mining service provider D-Central, and a sneak preview of the new mobile wallet by bitcoin exchange Bull Bitcoin.\nThe event was organized by Bitcoin enthusiast couple Daniel and Manuela Carlin, with the help of roughly a dozen volunteers. It attracted over 300 attendees who each parted with anywhere from 180 to 498 Canadian dollars (about $136 to $377) depending on the type of ticket purchased.\nDespite a bear market that has dragged on since last year, the introduction ofa more stringent regulatory regimeresponsible for theexodusof large marquee exchanges like Binance from the country, and priorpublic ridiculeof the dominant cryptocurrency by Prime Minister Justin Trudeau, the inaugural launch of the Canadian Bitcoin Conference is proof that the country's Bitcoin ecosystem remains intact, and may even be thriving.\n“Bitcoin adoption has been steadily growing over the last number of years and that will continue. I think it will accelerate,” Daniel Carlin told CoinDesk in an interview. “One day we’ll wake up and it’ll just be a big green candle to the moon.”\nBull Bitcoin mobile wallet\nBull Bitcoin CEO Francis Pouliot discussed self-custody before unveiling a beta version of the newBull Bitcoin mobile app. The app is a non-custodial bitcoin wallet that is fully integrated with the Bull Bitcoin exchange. The integration allows users to purchase bitcoin (BTC) from the Canadian exchange directly from within the app.\n“Still a bunch of work to do before I'm happy with a release,” Pouliot latertweeted. “But testing is still appreciated!”\nLast week, Jack Dorsey’s FinTech company Block (SQ) also launched beta testing for its new self-custody bitcoin wallet, Bitkey. The wallet will allow bitcoin purchases from the app via an integration with cryptocurrency exchange Coinbase (COIN) and Block’s financial services platform Cash App.\nRead more:Jack Dorsey-Backed Bitcoin Wallet Bitkey To Integrate With Coinbase and Cash App\nThe catastrophic implosions of decentralized finance platforms like Celsius and BlockFi, the shocking unraveling of cryptocurrency exchange FTX, and now the SEC’slawsuits against Coinbase and fellow crypto exchange Binance, have all triggered a flight from centralized platforms –billionsworth of crypto deposits – to self-custody wallets like the ones being tested by Block and Bull Bitcoin.\nPanties for Bitcoin\nOne of the few Bitcoin startups at the conference not directly involved in technology was underwear manufacturer Panties for Bitcoin.\nThe company’s booth featured oversized banners with images of scantily clad supermodels donning orange panties and bras.\nThe Panties for Bitcoin founder who only goes by Pablo, is an Argentinian industrial engineer who immigrated to Canada. Pablo says he’s a 50-year veteran of the underwear manufacturing industry and now proudly runs his new Bitcoin startup with the help of his son Michael.\n“Before Bitcoin I was a panty manufacturer,” Pablo told CoinDesk. “Now I'm a Bitcoin nerd who manufactures panties.”\nMichael says their panties and bras are high quality undergarments manufactured in Italy, and that the company is planning to expand its product line soon.\n“So we have one style of bra and three styles of panties,” Michael said. “The next step will be to get a boxer around the time ofPacific Bitcoin.”\nStephan Livera and D-Central\nThe conference concluded with Livera delivering a lively talk on self-custody, contributing to the Bitcoin ecosystem in non-technical ways, and the future of Bitcoin’s two primary use cases – digital payments and acting as a store of value. He also denounced the plethora of speculative tokens and affiliated platforms which he cheekily branded “shtcoin casinos.”\n“If you sit by the bank of t Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $520,500,601,125 - Hash Rate: 353920206.636413 - Transaction Count: 447715.0 - Unique Addresses: 746599.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DRIPPING SPRINGS, TX --News Direct-- Code Green Apparel Corp. Code Green Apparel Corp. (OTC: CGAC), a Bitcoin mining company, announces the successful $894,325 purchase of 412 Antminer S19 Pro+ (Bitcoin miners) machines, bringing CGACs total fleet of miners to cumulative 517 miners. The 412 Antminer S19 Pro+ will begin production in two weeks. CGAC used funds in the private sale of a first tranche of secured promissory notes, with a maximum possible funding of $5,000,000. Logan Rice, CGACs CEO, stated, We are thrilled to unveil the initial results of our recently established finance program aimed at expanding our fleet of machines. This initial phase of our funding program aims to raise $5,000,000 in long-term debt. The financing package will include issuing restricted shares for no more than 4.99% of our stock. Mr. Rice continued, The company is dedicated to protecting its treasury and will issue shares sensibly to capitalize on the fleet of machines we plan to build. This move reflects Code Green's commitment to growth and expansion in the industry while maintaining responsible financial practices. CGAC has partnered with ASICMiners.us and Liquid Immersion Worldwide, Inc., wholly owned subsidiaries of Bit Frontier Capital Holdings (OTC: BFCH), to increase production of the Antminer S19 Pro+ by 50%. This arrangement will allow CGAC to overclock these machines in a specially engineered Liquid Immersion tank produced by Liquid Immersion Worldwide, Inc. "The purchase of these Antminer S19 Pro+ machines also represent a strategic move for us, as the Liquid Immersion will allow us to increase our production capabilities significantly, resulting in higher operating efficiency, a better rate of return, and, as we stay true to our commitment to low overhead, a better chance for our shareholders to receive cash dividends, which is out stated objective," added Mr. Rice The Antminer S19 Pro+ is one of the most reliable Bitcoin mining machines available, producing a stock 122 t/h out of the box. With this strategic partnership, CGAC is poised to increase its Bitcoin mining capabilities and profitability significantly. Story continues About CGAC: Code Green Apparel Corp. is a Bitcoin mining company uniquely positioned within the OTC space. CGAC will treat its mined Bitcoin as a traditional commodity, like a gold mining company. CGAC will mine Bitcoin, then sell the mined Bitcoin for cash, and (3) regularly declare and distribute dividends concerning Available Cash (established by our Board of Directors) To our shareholders. CGACs primary business objective is to continually increase its Bitcoin mining capacity and increase cash available for distribution as a dividend to its shareholders. CGAC completa la compra de $894,325 de 412 mineros de Bitcoin, Operaciones mineras en marcha Forward-Looking Statements: This current press release contains forward-looking statements, as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future, including but not limited to any products sold or cash flow from operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release. We assume no obligation to update the forward-looking statements or the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove accurate. Investors should consult all of the information set forth herein. They should also refer to our most recent annual report for our last fiscal year, quarterly reports, and other periodic reports filed occasionally with the Securities and Exchange Commission. Contact: Name: Logan William Rice Title Chief Executive Officer Telephone 612-889-2418 Website: https://www.thenewcgac.co Twitter: @thenew_cgac Instagram: @TheNewCGAC Email Address: [email protected] SOURCE: Code Green Apparel Corp. Contact Details Code Green Apparel Corp. [email protected] View source version on newsdirect.com: https://newsdirect.com/news/cgac-completes-894-325-purchase-of-412-bitcoin-miners-mining-operations-underway-576807221... - Reddit Posts (Sample): [['u/kl_Jewbacca', 'Is this some type of scam?', 12, '2023-06-20 00:46', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/', "So I've been texting this person online... they sent me a code for a wallet with about $90k on it. It's classified as a watch-only wallet on the Trust Wallet app, and it has a transaction history dating back to 2019.\n\nNow they're telling me I can take 30%. They want me to go to a bitcoin machine for a transfer. They said they'll give me a barcode.\n\nHas anyone encountered a scam like this before? It seems way too good to be true...", 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/', '14dtbi7', [['u/Fresh_Asparagus7043', 17, '2023-06-20 01:04', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jorjmdy/', 'Yes, common scam', '14dtbi7'], ['u/Lemons81', 13, '2023-06-20 01:26', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jormeem/', 'Nigerian prince scam, at some point they’ll ask you money in order to pay for the transaction or to unlock the funds. Usually that is the last step.\n\nOr they’ll ask you for a seed/private key in case you do own a wallet.', '14dtbi7'], ['u/crodbtc', 22, '2023-06-20 01:38', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jornvc3/', 'You literally said it right there "it seems too good to be true" \n\nUltimate flag to stay away!', '14dtbi7'], ['u/monkeyhold99', 14, '2023-06-20 02:42', 'https://www.reddit.com/r/ethereum/comments/14dtbi7/is_this_some_type_of_scam/jorvrya/', 'No shit it’s a scam. Lol if you need to ask about this you are in way over your head man', '14dtbi7']]], ['u/capitalzanon', 'Settling Down', 12, '2023-06-20 03:02', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/', 'I understand TJ is fun but what’s the game plan for settling down, part of me is kinda tired of just cycling through these HK btches and wondering what’s next', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/', '14dwhvj', [['u/dav3c1', 20, '2023-06-20 03:25', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/jos0zle/', "Only simps settle down. I'm settling up.", '14dwhvj'], ['u/Extension-World-7041', 17, '2023-06-20 03:31', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/jos1nat/', 'Word of advice. Do it before you reach 50 and need to start popping pills...for everything. Not attractive to the opposite sex.', '14dwhvj'], ['u/CesarMagiscar91', 15, '2023-06-20 04:55', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/josbd45/', 'I been doing it for like four years and it’s kinda dying out for me. Idk why. If my friends go I’ll tag along and get one or two. But not dying to go like before. I’m 34.', '14dwhvj'], ['u/No_Philosophy2007', 21, '2023-06-20 06:54', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/josn9bh/', 'Dawg who is paying for advice from a guy on a subreddit for sharing whore strategies', '14dwhvj'], ['u/glam_girls', 16, '2023-06-20 07:31', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/josqdle/', 'Give it up. Once you have easy pussy you can’t settle down. Even when at times I’m so sick of the meaningless sex. I always find myself returning. I have found that having 4 or five regulars that come to my place satisfies my need for companionship. I will never have a family but I’m happy banging 20 year olds also.', '14dwhvj'], ['u/sq314', 13, '2023-06-20 08:10', 'https://www.reddit.com/r/TJRedLightDistrict/comments/14dwhvj/settling_down/jostjsr/', 'Then mongering isnt for you bud. Date a religious/ church girl? I mean there’s a church in between Hk and Adelitas.', '14dwhvj']]], ['u/Acrobatic-Monitor516', "Please do note upvote shameless reposts . And check for poster's karma", 47, '2023-06-20 04:30', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/', "Fucking fed up with the amount of reposts or people who do not understand the purpose of this sub \n\nPlease , for the sake of everyone in this sub, do not upvote a post that either doesn't fit the sub, or is a repost .\n\nUsually these are bots who want to get some sweet karma to further invade other subs and fuck people over with fake bitcoins, tee shirts, and onlyfans. So if the poster has very low karma (and 90%+ of it being posts) , DOWNVOTE that shit , nay report it if you have the patience \n\nThere are also actual people reposting , but that's another issue \n\nThanks ! \n\nBut after all maybe we should just reddit turn even more into garbage .idk.", 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/', '14dyfk4', [['u/Vinnie1103', 14, '2023-06-20 05:14', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/josdi3p/', 'I think this post is a repost. Don’t upvote it.', '14dyfk4'], ['u/Acrobatic-Monitor516', 11, '2023-06-20 05:15', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/josdk8v/', "damn , I'm caught", '14dyfk4'], ['u/Acrobatic-Monitor516', 16, '2023-06-20 05:17', 'https://www.reddit.com/r/confusingperspective/comments/14dyfk4/please_do_note_upvote_shameless_reposts_and_check/josdsvq/', 'want some feet pics btw ? or maybe a tee shirt, they are quite cheap \n\n\nalso PM me if you need any help for bitcoin investments', '14dyfk4']]], ['u/VampireVlad', '10 Reasons You Should Run Your Own Full Bitcoin Node', 61, '2023-06-20 04:30', 'https://www.reddit.com/r/Bitcoin/comments/14dyg4b/10_reasons_you_should_run_your_own_full_bitcoin/', "Hi, guys!\n\n\n\nI just published a new article that's meant to explain 10 of the main reasons why you should take action and run your own full node. You're not only helping the network, but you help yourself by becoming fully sovereign and removing trusted third parties that store your xpub and IP address.\n\n\n\nHere's the complete write-up. Hope you're going to like it: [https://bitcoin-takeover.com/10-reasons-you-should-run-your-own-bitcoin-full-node/](https://bitcoin-takeover.com/10-reasons-you-should-run-your-own-bitcoin-full-node/)", 'https://www.reddit.com/r/Bitcoin/comments/14dyg4b/10_reasons_you_should_run_your_own_full_bitcoin/', '14dyg4b', [['u/cryptogrubber', 12, '2023-06-20 10:02', 'https://www.reddit.com/r/Bitcoin/comments/14dyg4b/10_reasons_you_should_run_your_own_full_bitcoin/jot1rm2/', 'I found the rasberry to be more expensive than a used mini PC, so I chose the cheaper option', '14dyg4b']]], ['u/pandorasbox553', 'Warning: Be Cautious of Remote Jobs', 48, '2023-06-20 05:26', 'https://www.reddit.com/r/VancouverJobs/comments/14dzmih/warning_be_cautious_of_remote_jobs/', 'I\'m here to raise awareness and be vigilant when looking and applying for a job online especially remote job position. I want to put this out to help people because I just became a victim of online money laundering scam which compromise my personal information and identity plus my bank account suffered from it.\n\nSo I found this remote job on Indeed.ca a few weeks ago. The company name is C2C Canada Technologies (fake company) Since I\'m too desperate to get a job, I didn\'t take a serious look over it and just get on with it. I go over it without researching more and I figured it could be legitimate company because they have a professional looking website and there\'s employee photos and so on.\n\nThe position is called "Customer Chat representative" which I will be working as sales person promoting their company and will be using crypocurrency as a form of payment for virtual sales services.\n\nThe company is base in Ottawa which is couple of hours advance in time zone from where I am. I got an email and an offer and took the chance to follow though.\n\nAfter I added the so called HR on Telegram, she told me that I need to create an account via Kraken in order for me to have company bitcoin wallet to use. Which they will deposit "corporate funds" into my bank account as e-transfer. She told me that I need to deposit this corporate funds into Kraken account and turn them into Bitcoins.\n\nSince I never heard about this scheme before and its unfamiliar to me, I follow what was instructed. They deposited $3000 into my bank account and asked me to go to Canada Post to deposit for the purpose of turning this $3000 into cryptocurrency on Kraken. She told me this is part of my first task of the day.\n\nShe asked me on how to deposit the funds sending me links to follow so I did. So on I went to Canada Post and made deposit using the $3000 they sent me and using my debit card as well. I did 4 transactions and the 5th one caused my card to be blocked because of my card daily limits. \n\nI called my bank institution about unblocking my card so I can do more deposits and they told me that I need to go to my main bank branch because they think I been scammed. Then there I was got really frustrated about my stupidity and I spoke to one of bank teller and she told me that to never trust someone you don\'t know especially accepting money because it\'s a form of scam. She told me to stop talking to that HR on Telegram.\n\nSo here I am blaming myself. I should have known better, but It\'s too late. I already gave out my drivers license to that scammer and my identity could be use for potential scams. Plus my bank is now frozen and restricted. My bank told me it may be harder to fix since there\'s money that I transferred that they didn\'t know where it came from. Also, i may now could have overdraft in my bank account which I might owe money.\n\nThe worst part is that I\'m being threaten by the scammer because I blocked her from Telegram due to the advice of my bank institution and the scammer also sent me an email telling me that they know my address and can do bad things to me.\n\nI hope I reach some people here that they must be very cautious and just want to share my bad experience accepting remote jobs. These scammers can also be here too and offering you remote computer/customer service jobs using different company names and job titles. Thanks for reading and sorry for my bad english grammar. It\'s not my first language.', 'https://www.reddit.com/r/VancouverJobs/comments/14dzmih/warning_be_cautious_of_remote_jobs/', '14dzmih', [['u/xerexes1', 21, '2023-06-20 06:42', 'https://www.reddit.com/r/VancouverJobs/comments/14dzmih/warning_be_cautious_of_remote_jobs/josm62p/', 'That situation sounds awful, and I’m so sorry you’re going through this. \n\nI’m sure your post will be helpful to a lot of people. \n\nI hope that your job/ career search is successful soon and hopefully the bank can get your money back!', '14dzmih']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, June 20, 2023', 34, '2023-06-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/', '14e0a7l', [['u/pgpwnd', 11, '2023-06-20 07:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josqmz6/', '... you realise you just posted bullish news?', '14e0a7l'], ['u/NLNico', 10, '2023-06-20 07:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josrqa3/', 'MasterCard has been in the news for years now for doing crypto related projects. Your theory that there is some conspiracy to push the price up a little bit more for these firms to exit the market is far-fetched, to say the least.', '14e0a7l'], ['u/anon-187101', 10, '2023-06-20 07:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josso5k/', 'this "news" literally has nothing to do with Bitcoin\n\nthese are centralized, permissioned, infinite credit systems that run on fiat rails - a new wrapper changes nothing fundamentally', '14e0a7l'], ['u/ChadRun04', 10, '2023-06-20 08:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jossrzi/', '~~Welp looks like Bitfinex finally fucked me.~~\n\n~~Every piece of communication has said non-KYC would be withdraw only.~~\n\n~~Now even before the KYC cut-off date I\'m being told I need to "verify" to withdraw Bitcoin.~~\n\n~~Just wanted to up my leverage a bit and take collateral off the table, then later close the position and withdraw. As every piece of communication from them indicated I\'d be able to.~~\n\n~~Not looking forward to years of lending tax complication. Wish I had used multiple accounts to separate that stuff.~~\n\nIt\'s a bug in their withdraw form. You have to reduce the amount it states as max by 1 sat before it works.\n\nAlthough, I did manage to confirm that you can keep positions open after the KYC cut-off date and close + withdraw later.\n\nLeverage now 1.5x', '14e0a7l'], ['u/MasterMinerva', 14, '2023-06-20 08:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josx0fl/', "Bitcoin dominance above 50% now. Spooky. I wonder what could've triggered that.. 👻", '14e0a7l'], ['u/NervousNorbert', 11, '2023-06-20 09:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/josyzo9/', "Bullish news is bearish because it's just someone building exit liquidity. That's what's being a battered bull is like.", '14e0a7l'], ['u/Essexal', 15, '2023-06-20 10:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jot2hj9/', 'I’ve added to my short and will continue to today. \n\nNow open from 26.4.\n\nNothing has changed.', '14e0a7l'], ['u/Galactic777', 12, '2023-06-20 12:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jotdn2z/', 'Obviously going above $27k today', '14e0a7l'], ['u/csasker', 24, '2023-06-20 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jotorip/', 'What a total coincidence after 6 months or more of FUD and suing and regulation both big asset managers in US and EU is ready to offer ETF and custodial solutions\n\nedit: months not more', '14e0a7l'], ['u/ReflectionFamiliar68', 12, '2023-06-20 15:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jotuud2/', "It's broken because market cap is a useless metric. I just minted a trillion crypto coins and sold one to my wife for $1. Trillion dollar market cap. \n\nA better metric is total buy order book size. It's not perfect but at least it is not trivially gameable. To add to the metric you have to commit money to opening a buy order. Of course shady exchanges can still manipulate it but it's not as easy as market cap.", '14e0a7l'], ['u/delgrey', 14, '2023-06-20 16:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jou063l/', 'Looks like TradFi spinning up an exchange too.\n[EDX Markets backed by Citadel, Fidelity, Schawb going live Tuesday](https://twitter.com/WSJ/status/1671137075356155912)', '14e0a7l'], ['u/btchodler4eva', 14, '2023-06-20 17:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joud1r9/', 'He befriended some Caribbean politician who was going to push Bcash. That politician got arrested this year for bribery, go figure. I think Ver is being sued by his former CoinFlex partner and also by Genesis or was it DCG? Anyway, you get the picture.', '14e0a7l'], ['u/AccidentalArbitrage', 10, '2023-06-20 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jouf1y6/', ">27 resistance\n\nDidn't put up much of a fight...", '14e0a7l'], ['u/guiseppi72', 13, '2023-06-20 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joui47k/', 'Can we just go to 100k already?', '14e0a7l'], ['u/imissusenet', 21, '2023-06-20 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joukjpy/', "Point and Figure update:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR[PA][D][F1!3!1.0!!0!20])\n\nThe [Stockcharts.com](https://Stockcharts.com) version catches up to my Coinbase data chart. Downtrend line broken, new uptrend line started.\n\nEDIT: Well, there's your high pole warning. Currently ~~10~~ ~~11~~ 12 boxes high, a 50% retrace from here would go back to $26.5K. I'll put a small buy order there, and adust it up if it keeps climbing.", '14e0a7l'], ['u/Order_Book_Facts', 28, '2023-06-20 18:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joukndu/', 'Since I started posting here in 2017 people have been screaming that “institutional adoption” will be the catalyst that takes us to 100k. BlackRock and Fidelity ETFs are about as institutional as it gets, in addition to a TradFi backed exchange. Halvening less than a year away. Bullish.', '14e0a7l'], ['u/Zirup', 11, '2023-06-20 18:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joun7n7/', "Finally exited my gbtc position on today's pump. Barry isn't acting in good faith and the idea that gbtc becomes an etf due to blackrock's trust seems farfetched. Happy enough with the discount to move on.", '14e0a7l'], ['u/_TROLL', 18, '2023-06-20 18:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jounfqx/', "I think the original meaning of 'institutional adoption' was along the lines of what MicroStrategy or Tesla did -- large companies buying and holding bitcoin on their balance sheet as a hedge against USD inflation. Or even on a grander scale, nations using bitcoin for trade and settlements.\n\nVery little of that has happened. Established banks offering custodial services isn't really 'adoption'. The whole point of bitcoin was that you didn't need third parties (Fidelity) to securely store your money. I understand that seeing Blackrock or Deutsche Bank offering crypto services might lead to new companies dipping their toes into holding BTC, but we'll see.", '14e0a7l'], ['u/escendoergoexisto', 12, '2023-06-20 19:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joupajl/', 'We should get a good indication of PA direction and strength today. Yesterday’s daily closed at the 50DEMA. Thus far, PA is trying to establish above the 50 again. I agree with many that moving averages do not serve as sup/res. They do, however, give an average view of broader turning points. In short, the PA is trying to flip the resistance from the latter half of May into support, and the 50DEMA is where it is due to that prior PA. \n\nTL/DR—PA establishing above $26,864 for a day or two is a solid bullish signal.', '14e0a7l'], ['u/delgrey', 13, '2023-06-20 19:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jouqx0p/', 'Alternate take. I think Barry gets his arm twisted and he gives up control of the trust to TradFi. That seems to be to over-arching theme to me, a mafia style shakedown and takeover.\n\nPrice action now has me thinking insiders know something. Discount evaporating. Bah.', '14e0a7l'], ['u/sl_crypto', 14, '2023-06-20 20:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jouyive/', 'lol, shot myself a bit in the foot here. have no choice but to wait for a dip to dive in again, just pure comedy.', '14e0a7l'], ['u/itsthesecans', 11, '2023-06-20 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov0fes/', "As a long suffering GBTC holder it's a beautiful day when BTC pumps AND the GBTC discount shrinks.", '14e0a7l'], ['u/_TROLL', 23, '2023-06-20 20:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov1h6h/', 'I mean... some perspective here; we were above $30,000 for a week, around two months ago.', '14e0a7l'], ['u/PatientlyWaitingfy', 14, '2023-06-20 20:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov3k8o/', 'Sold 20% at 27861 of [the BTC bought at 24861](https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/comment/jo7osvu/?utm_source=share&utm_medium=web2x&context=3)\n\nOpened a buy at 25861 with the profits.', '14e0a7l'], ['u/BootyPoppinPanda', 11, '2023-06-20 20:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov6kte/', 'Still just crab, but the good kind right now', '14e0a7l'], ['u/GhostEntropy', 24, '2023-06-20 21:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov9ee1/', 'moon boy summer', '14e0a7l'], ['u/WaldoInWalden', 27, '2023-06-20 21:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jov9nv0/', 'Blackrock, Fidelity, and Schwab all making decisive moves into Bitcoin. Combined \\~ $20 Trillion AUM, what are the chances 1 percent of that gets allocated to BTC?', '14e0a7l'], ['u/Magikarpeles', 10, '2023-06-20 21:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovcv1h/', 'I love you people', '14e0a7l'], ['u/jarederaj', 11, '2023-06-20 21:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovd1i9/', '200 billion into BTC over the next 4 years seems low.\n\nOverall, I expect to see. > 2t cash move into btc over that time. If they want meaningful market share they will have to do better.', '14e0a7l'], ['u/WaldoInWalden', 10, '2023-06-20 21:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/joveib7/', 'Didn’t say 4 years, but yeah I’m talking 200 billion strictly from these asset managers. I’m with you in the general sense though', '14e0a7l'], ['u/AccidentalArbitrage', 16, '2023-06-20 22:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovkjrl/', "That account is just a troll account. It also tweeted today:\n\n>If you’re wondering why #Bitcoin is green today, it’s because #Tether printed another $250,000,000 $USDT out of thin air to artificially pump the prices.\n\nHopefully people aren't dumb enough to trade off troll tweets.", '14e0a7l'], ['u/cousin_brian', 10, '2023-06-20 23:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovs43l/', 'It seems blackcock wants 42069 btc by the next halving', '14e0a7l'], ['u/DaBrokenMeta', 10, '2023-06-20 23:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14e0a7l/daily_discussion_tuesday_june_20_2023/jovsyt4/', 'good level', '14e0a7l']]], ['u/RuneW007', 'What coins will never die?', 52, '2023-06-20 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/', "There are so many altcoins out there, some of them won't even survive the bear market but some of them will and these could then die in another bear market. But what coins are in your opinion destined to truly never die.\n\nA rather obvious one would be Bitcoin without a doubt, the king of crypto will keep standing strong in the years ahead and I don't see someone taking the number 1 place from it. I also think that Monero (XMR) is one for the future, it's an unmatched privacy coin in a world were corporations will pay money to get someones private information. Monero is a favorite on the deep web and we all know that this was the place that Bitcoin flourished in the early days. I'm not a big fan of Ethereum but I haven't done enough research so I can't really try to predict it's future. And my final pick is gonna be my beloved Litecoin, it's a coin that always get's put to the side but in reality it is a really well working coin that has been around longer then most of the other altcoins. It's a quality coin with low fees and never any downside, it's also called the silver to Bitcoin.\n\nDo you think I missed any? I tried to keep it as simple as I can because in my opinion the coins that will survive for a long time will be just that. They have to be old and reliable and they need to have a strong use case. But rememeber everyone, Bitcoin will stay king as number 1 on the charts and I don't ever see this change. Have a good one. ", 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/', '14e1ppv', [['u/Onnimation', 29, '2023-06-20 07:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jospdct/', 'ADA without a doubt, solid project.', '14e1ppv'], ['u/DBRiMatt', 21, '2023-06-20 07:24', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josput1/', 'DOGE - the original memecoin will always be around IMO.', '14e1ppv'], ['u/69Dankdaddy69', 37, '2023-06-20 07:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josq5mt/', 'Any with a practical use. Eth, btc, and xmr are likely survivors.', '14e1ppv'], ['u/KingAddz', 11, '2023-06-20 07:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josqjae/', 'The doge is eternal', '14e1ppv'], ['u/SignificantFriend382', 19, '2023-06-20 07:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josraez/', 'LTC. It’s pretty useful.', '14e1ppv'], ['u/Kappatalizable', 71, '2023-06-20 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josrfuo/', 'Pretty sure LTC will never die at this rate', '14e1ppv'], ['u/Consistent_Many_1858', 51, '2023-06-20 07:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josrlpm/', 'XRP. If it can survive SEC it can survive anything.', '14e1ppv'], ['u/89time', 17, '2023-06-20 07:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josrtpb/', 'Nano - because of Banano.', '14e1ppv'], ['u/SerFraust', 14, '2023-06-20 08:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jossuul/', 'XRP', '14e1ppv'], ['u/ChemicalAnybody6229', 11, '2023-06-20 08:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jost1g3/', 'BTC,ETH,Monero,LTC', '14e1ppv'], ['u/noduhcache', 10, '2023-06-20 08:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jostox4/', 'LTC has grown out of as many cryptowinters as btc. With even longer uninterrupted uptime.', '14e1ppv'], ['u/InsaneMcFries', 19, '2023-06-20 08:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jostt57/', 'I think Monero will continue to do what it does best, it will just take extra effort to acquire to use it for its anonymity', '14e1ppv'], ['u/MajorLeons', 17, '2023-06-20 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josuflh/', 'I think XRP will be one. It stood it’s ground against SEC, that is a tough feat.', '14e1ppv'], ['u/Crypto-Cajun', 11, '2023-06-20 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josur3s/', "Probably XRP. Not even the SEC can take it out of the top 10 and it's one of the strongest OG coins that has even overtaken ETH market cap on three different occasions.", '14e1ppv'], ['u/CorneliusFudgem', 14, '2023-06-20 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josuxs5/', "lol XRP I swear it just won't quit", '14e1ppv'], ['u/Medfried', 46, '2023-06-20 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josvfek/', "There's a reason they keep 18 decimals point in prices... Shitcoins don't die. They just go from 100 to 0.000001 (eg LUNA)", '14e1ppv'], ['u/poginmydog', 15, '2023-06-20 08:48', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/joswgip/', 'Delisting will add on to its anonymity. p2p is the only way forward for XMR.', '14e1ppv'], ['u/vaultgang', 13, '2023-06-20 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josx7zg/', 'BTC and ETH will surely be around, Some alts with practical uses might make it too, XMR is a great example for those. In memecoins, dogecoin is the bitcoin of memecoins so it might not die as well.', '14e1ppv'], ['u/conceiv3d-in-lib3rty', 11, '2023-06-20 09:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/josywqv/', 'It can be delisted from every exchange, Monero isn’t going anywhere. It’s one of the few coins that’s actually being using as a currency, even if a good chunk of it is for nefarious purposes. P2P is where Monero shines, it doesn’t matter if it’s not listed on an exchange. \n\nPeople mine Monero even though its unprofitable, just to maintain the network and help secure it.', '14e1ppv'], ['u/conceiv3d-in-lib3rty', 10, '2023-06-20 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/joszeu0/', 'Monero isn’t aiming to be the future of finance though, that’s the difference. Even if it’s forever a niche for people who care about privacy, that’s completely okay. The only thing that will kill Monero if it’s somehow de-anonymized.', '14e1ppv'], ['u/Lillica_Golden_SHIB', 22, '2023-06-20 10:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot4yoa/', "You can't simply ignore those low fees, fast transactions and 100% uptime", '14e1ppv'], ['u/Kmyre5', 39, '2023-06-20 11:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot66sl/', 'ADA and DOT will both keep going, even if the entire dev team disappears tomorrow', '14e1ppv'], ['u/RavagerRaccoon', 10, '2023-06-20 11:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot71t9/', "absolutely. The scientific / mathematical foundations it builds on are extremely strong. I really don't get why it gets so much hate. Maybe it's just fearmongering or something, dunno", '14e1ppv'], ['u/pm_me_4', 14, '2023-06-20 11:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot9cjs/', "It's a fork-ing great alternative. Same, same but potassium", '14e1ppv'], ['u/Tasigur1', 17, '2023-06-20 11:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jot9ds2/', '99,99% down, so you are saying, there is a \nchance 😏', '14e1ppv'], ['u/Real_Bridge_5440', 10, '2023-06-20 12:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotebfc/', 'Algorand. Good tech and after SEC finally leave it alone it will always be around.', '14e1ppv'], ['u/ronaldmacon', 13, '2023-06-20 14:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotk5c8/', 'I agree with your opinion on LTC and XMR completely. Can’t stand ETH either. Gas fees are annoying as hell, and horrible privacy and can be stolen easy.', '14e1ppv'], ['u/Givefreehugs', 14, '2023-06-20 14:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotmtpn/', 'Litecoin just hit a new high with the adoption and addresses. It may be old but it’s kicking it up a notch, like grandpa taking tap dance.', '14e1ppv'], ['u/OneThatNoseOne', 11, '2023-06-20 14:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotndu5/', 'XRP is surviving while the lawyers are prospering.', '14e1ppv'], ['u/OneThatNoseOne', 10, '2023-06-20 14:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jotnhxd/', "I really love how reliable but overlooked LTC. It won't pump as much as BTC but that also means it doesn't dump as much. Just much more stable and trucking just along under the rader.", '14e1ppv'], ['u/lorenaczlreines', 10, '2023-06-20 18:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14e1ppv/what_coins_will_never_die/jounnoj/', 'For a private coin delisting on exchange is like a free promotion', '14e1ppv']]], ['u/rBitcoinMod', 'Daily Discussion, June 20, 2023', 56, '2023-06-20 08:03', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14d7fkk/mentor_monday_june_19_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/', '14e2nlo', [['u/avance70', 12, '2023-06-20 08:16', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/josu1k3/', " bitcoin dominance at 50% and it doesn't look like it's stopping there", '14e2nlo'], ['u/TheMoonMoth', 10, '2023-06-20 08:30', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/josv3aj/', 'let it rip', '14e2nlo'], ['u/cubeeless', 11, '2023-06-20 10:33', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jot3v98/', 'Our candle, who art in coinbase \nHallowed be thy dip \nThy sell wall high, thy lambos die \nOn /biz/, as it is in Goldman \nGive us this day our lunar launch, \nAnd forgive us our margin loan \nFor we forgive those who shorted against us \nAnd lead us not into liquidation \nBut deliver us from bull traps', '14e2nlo'], ['u/rudy_batts', 14, '2023-06-20 12:11', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotarmn/', 'GM bitcoin fam, have an awesome day!', '14e2nlo'], ['u/Donkey_Pillow', 30, '2023-06-20 15:09', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotrq6d/', 'Let\\`s enjoy the quietness in here..., cause next year , a couple of months after the halving this subreddit is going to explode.....again. and while that is exciting because NGU, the daily threads are going to get flooded with idiots.... again.\n\nstay humble and stack sats my friends...', '14e2nlo'], ['u/Makonnen91', 10, '2023-06-20 15:30', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotuda4/', '2024 will mark my first full 4 year cycle. Ive grown to enjoy the quiet times and the chaos alike', '14e2nlo'], ['u/Just1_More', 18, '2023-06-20 15:51', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jotx1kv/', 'there is no need to fear a blackrock etf if you are holding bitcoin yourself - a key value prop of bitcoin is that owning more bitcoin does not give you greater control of the network - blackrock may play paper bitcoin games, if they do they will get rekt - blackrock may try to fork the bitcoin protocol, if they do they will get rekt\n\nblackrock is the largest fund manager in the world - a bitcoin trust with their name on it is unequivocally bullish - this is not priced in yet\n\n-ODELL (on NOSTR)', '14e2nlo'], ['u/ajhimmler', 21, '2023-06-20 18:57', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jouo9qc/', 'We need to be careful here. China could ban bitcoin again', '14e2nlo'], ['u/HurricaneHarvey7', 19, '2023-06-20 19:01', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jouotyg/', "WHOA. Look at Bitcoin's dominance today \\points\\\n\nThe fact that Bitcoin topped at $69K while FTX took most of those bitcoin buy orders and put them into shitcoins tells me we are going MUCH higher this time.", '14e2nlo'], ['u/Samsonite_1604', 12, '2023-06-20 20:33', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov353i/', 'Should have bought more $25k BTC', '14e2nlo'], ['u/Dont_Waver', 10, '2023-06-20 20:45', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov545f/', 'I casually mentioned bitcoin to my dad. "Oh, is that thing still around, I thought it died."', '14e2nlo'], ['u/ByteTraveler', 12, '2023-06-20 20:54', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov6euk/', 'Classic comment when soaring', '14e2nlo'], ['u/Rshackleford22', 25, '2023-06-20 21:01', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jov7i5s/', 'these spot etfs are going to make the 2021 run look like chuck e cheese tokens.', '14e2nlo'], ['u/arBettor', 26, '2023-06-20 21:18', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jova38k/', 'It sucks that my bitcoin are on that Titanic submarine. Hoping for their safe recovery.', '14e2nlo'], ['u/Friendly-Falcon-9814', 13, '2023-06-20 21:23', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovax8v/', 'A lot of people are in the same boat :(', '14e2nlo'], ['u/vnielz', 13, '2023-06-20 22:02', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovgxnb/', 'wow. Let that sink in.', '14e2nlo'], ['u/SocalKing2020', 14, '2023-06-20 22:18', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovjbba/', 'see you guys at $100k', '14e2nlo'], ['u/Llonga', 12, '2023-06-20 22:20', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovjpmu/', 'Now get ready for US gov to dump some of their coins…', '14e2nlo'], ['u/Romsel87', 11, '2023-06-20 22:32', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovlhzi/', "That's deep.", '14e2nlo'], ['u/SPYalltimehightoday', 12, '2023-06-20 22:33', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovlnzo/', 'tick tock. next block. All time high is the next stop', '14e2nlo'], ['u/Verallendingen', 10, '2023-06-20 22:44', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovnc52/', 'maybe they are already blackrocks?', '14e2nlo'], ['u/Dizzy_Space_Invader', 15, '2023-06-20 23:23', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovt7yu/', 'It’s happening, I’m going to be rich beyond my wildest dreams.', '14e2nlo'], ['u/letterboxboy', 16, '2023-06-20 23:27', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovtsgg/', 'Today was a good day', '14e2nlo'], ['u/HurricaneHarvey7', 17, '2023-06-20 23:36', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovv7pi/', "It's just getting started 😈", '14e2nlo'], ['u/GrindingWit', 17, '2023-06-20 23:52', 'https://www.reddit.com/r/Bitcoin/comments/14e2nlo/daily_discussion_june_20_2023/jovxeod/', 'I’ll sleep 5% better tonight.', '14e2nlo']]], ['u/d3jok3r', 'Will there be a short squeeze in the upcoming June-2023 Bitcoin option expiry date (30-Jun-2023)', 33, '2023-06-20 08:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/', 'The June 2023 Bitcoin options expiry is on June 30, 2023. And there are over $4 billion worth of options contracts that will expire on that day.\n\nThe MAJORITY of these contracts are CALL options (which give the holder the right to buy Bitcoin at a predetermined price). If Bitcoin is trading above the strike price of the call options at expiry, the holders of those options will exercise their right to buy Bitcoin, which could drive up the price of Bitcoin.\n\n\n\n[Bitcoin Option June-2023 - Open Interest by Strike Price \\(data: Deribit\\)](https://preview.redd.it/khzzoslv747b1.png?width=1861&format=png&auto=webp&v=enabled&s=0a7fc46113e29811718690c921b35063bd2438ce)\n\nThe implied volatility of Bitcoin options is currently 41.77%, which is relatively high. This suggests that the market is expecting a significant move in the price of Bitcoin before the expiry date. It is possible that we could see some volatility in the price of Bitcoin in the lead-up to the expiry date.\n\nHere are some of the factors that could influence the price of Bitcoin before the expiry date:\n\n* The overall performance of the cryptocurrency market\n* Any news or events that could impact the price of Bitcoin\n* The level of open interest in Bitcoin options\n\nIt is important to note that the expiry of Bitcoin options does not necessarily mean that there will be a significant move in the price of Bitcoin. However, it is a potential event that could drive volatility in the market.', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/', '14e2y3u', [['u/omglolbbqwtf', 24, '2023-06-20 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/josuz7f/', 'I expect the price to rocket at least 2%', '14e2y3u'], ['u/ahabraken', 13, '2023-06-20 09:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14e2y3u/will_there_be_a_short_squeeze_in_the_upcoming/josyj4i/', 'Whooosh :)', '14e2y3u']]], ['u/Wooxy117', '6/20/23 Tuesday Premarket-Afterhours. SPY is 📉. BTC is 📈. $UONE, Expecting Action! WEAT, CANE, & BOIL Calls/Equities. Dollar is Down, Other Currencies Up, Commodities Up, Uh Oh... Let’s Win Together! 🍀', 13, '2023-06-20 08:24', 'https://www.reddit.com/r/FriendsTogetherWeWin/comments/14e319j/62023_tuesday_premarketafterhours_spy_is_btc_is/', '”Your chances of success in any undertaking can always be measured by your belief in yourself.” - Robert Collier.\n\nPremarket\n\nGood Morning everyone! ☀️\n\nHere is my premarket report. Let’s have a great start to this trading week with some Tuesday wins!\n\nHere are some potential winners. Some tickers listed may not be heavy green currently as they open up later:\n\nDAILY WINNERS/POTENTIAL PICKS\n\nThe Big Three\n* SPY - is 📉\n* VIX - 📈 Above $20 is bearish, below $20 is bullish. We are in “extremely” greedy territory suggesting we are close to a VIX bottom/market top. VIX does not stay around here for very long at all\n* BTC - is 📈\n\nStocks/Daily Picks\n* AMLI - Great uptrend & getting a lot of attention\n* APLD - Consistent winner\n* APPD - Consistent winner\n* BOIL - Has been on a consistent uptrend again\n* BBBYQ - Bankruptcy play is still in the air as we do not have all of the details yet. Slowly been walking up\n* BLBX - Consistent winner\n* IMPP\n* REI - Super undervalued\n* CXAI\n* VIX - Loading up since SPY is running\n* UVXY - Same thing as VIX, only cheaper to load\n* MARA - Consistent winner\n* RIOT - Consistent winner\n* PBI\n* IFUS - Next big longterm play, working on making a DD for this\n* WEAT\n* CANE\n* BOIL\n\nOptions\n* CVNA - puts (offer is almost assured now, when this comes in, price drops to sub $10)\n* Spy - Straddles with itm calls & long puts \n* Spy - Straggles leaning toward long puts, I’ve been grabbing cheap ones 2:1 put:call ratio as I still think the market is going to fall hard\n* QQQ - Same as SPY\n* SQQQ - Follow VIX\n* SPXU - long calls\n* KRE - Strangles leaning toward long puts\n* VIX - calls 4+ weeks out\n* VIXX - long calls\n* ULTA - Set up for long calls\n* DLTR - Set up for long calls\n* COST - Set up for calls, could go entirely south too though\n* AI - Set up for long calls, could see $100 end of year\n* WEAT - Set up for long calls\n* CANE - Set up for long calls\n* BOIL - Set up for long calls\n\nSwing Trades\n* COSM - Check the 3 month chart, exactly what we want for a swing trader ticker \n* KALA\n* REI\n* AMLI\n* SPXU\n* UVXY\n* Updating Section Further\n\nPrevious After-hours (Ordered based on volume/%)\n* TIVC\n* BFRI\n* EVLO\n* CANO\n* HYFM\n* BBAI\n* CXAI\n* GFAI\n* BZFD\n\n\nTodays Movers\n* Will post closer to 4:30am ET\n\nCrypto\n* BTC - If this is pumping, the stocks under this will rally, likewise for any dips\n* CLSK\n* COIN\n* EH\n* MARA\n* MSTR\n* RIOT\n\nALWAYS do your DD and make a rational decision that works the best for you, always. Nothing posted in these threads is financial advice in the least and should not be construed as such\n\nHope these are some decent starting ideas and as always, let’s get some wins! 🍀🏆', 'https://i.redd.it/c7kvbexf947b1.jpg', '14e319j', [['u/Wooxy117', 19, '2023-06-20 08:26', 'https://www.reddit.com/r/FriendsTogetherWeWin/comments/14e319j/62023_tuesday_premarketafterhours_spy_is_btc_is/josut9y/', 'Also as a personal challenge, could everyone that reads this toss an upvote on this comment or the thread post, I want to see how many active traders we have in here. Can post as well, would love to be able to have more participation in our daily threads. The more the better, this is a fact and the stock world knows it very well', '14e319j']]], ['u/Expensive_Shower_605', 'I will bitcoin or die trying', 287, '2023-06-20 11:06', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/', 'It will bring me freedom or it will bring me death. \nMaybe I am brainwashed but there’s no going back now. I’m strapped in on the bitcoin ship, who knows if it’l make it to its destination. I’d rather be on it than succumb to a slave like fiat life. \n\nEveryday my confidence in the ship grows, everyday new people join, everyday I see new purpose for it, everyday I see new developments. \n\nThe opposing forces try to shoot it down, but so-far, everyday it has deflected them even if they created some cracks. The cracks are fixed and we continue on our journey. I live day by day hoping the cracks don’t rupture the fuel line and cause catastrophic failure. \n\nI’ve bought my ticket, my one-way ticket. Time to bitcoin or die. Who’s with me?', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/', '14e5wux', [['u/solomonsatoshi', 38, '2023-06-20 12:11', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotartw/', "True freedom is rarely if ever achieved by the timid or selfish.\n\nBitcoin has already delivered monetary freedom to all who have freely chosen it.\n\nFreedom is not cheap or easy.\n\nThe Fiat Debt Slavery Bankers Cartel owns your government and leverages off their monopoly over the use of force to keep the majority of the population fearful and chained to their systematic usury.\n\nBitcoin fixes this.\n\nIt's a hell of a ride and not guaranteed to succeed but we can and will try for monetary integrity and freedom.", '14e5wux'], ['u/Soulprano', 189, '2023-06-20 12:14', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotaxwf/', 'I know another saylor whos just like you', '14e5wux'], ['u/McDredd', 19, '2023-06-20 14:01', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotk7xm/', 'Best pun ever! 10/10 ✅️', '14e5wux'], ['u/joekerr37', 15, '2023-06-20 14:38', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/joto6m6/', "Personally, I've never understood this emotional outlook people take toward investing. If I find myself emotionally pumped over an asset, any asset, that's usually a bad sign that I'm not using my critical thinking skills enough. \n\nIt's also why many investors, even if they say they are going to hold, ultimately do not hold when the market gets volatile.... they invested based on emotion and so the moment the market starts generating negative emotions in them, they capitulate, sell, and move to the next bubble.. where they buy high and sell low after it pops.", '14e5wux'], ['u/LB1890', 12, '2023-06-20 14:40', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotoe32/', 'This "freedom or death" thing sounds to me more like "get rich or die trying".', '14e5wux'], ['u/sidmehra1992', 16, '2023-06-20 14:42', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotoo1w/', 'i am on same boat but without money', '14e5wux'], ['u/solomonsatoshi', 15, '2023-06-20 14:51', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_trying/jotpmmm/', 'Bitcoin is not a standard investment.\n\nIt is a monetary revolution.', '14e5wux'], ['u/solomonsatoshi', 10, '2023-06-20 14:57', 'https://www.reddit.com/r/Bitcoin/comments/14e5wux/i_will_bitcoin_or_die_tryin... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Investing.com -- Most Asian currencies fell on Wednesday, while the dollar steadied from recent losses as markets hunkered down before more cues on monetary policy from Federal Reserve Chair Jerome Powell later in the day. Powell is set to testify before Congress later in the day, potentially offering more cues on the path of U.S. interest rates after somewhat mixed signals from a Fed meeting last week. While the bank paused its rate hike cycle, it flagged a higher peak interest rate this year, potentially heralding more increases in rates. This kept investors uncertain over what Powell may signal in his testimony, drawing some flows into the dollar on the potential for a hawkish outlook. The dollar index and dollar index futures rose slightly in Asian trade after logging some gains earlier this week. Chinese yuan hits near 7-month low after rate cut The Chinese yuan continued to lag its regional peers, sinking 0.2% to a near seven-month low of 7.1939 against the dollar after the People’s Bank of China cut its key loan prime rate on Tuesday. The PBOC cut its 1-year and 5-year LPR by 10 basis points each. The cut was the PBOC’s first such move in 10 months, and comes as Beijing struggles to shore up a slowing local economic rebound. While the move is expected to help support economic growth, it bodes poorly for the yuan, as rising interest rates in the rest of the globe diminish the currency’s appeal. The cut in the 5-year LPR also disappointed some traders hoping for a bigger reduction, given that the rate is used to peg mortgage prices and is closely tied to the Chinese property market. U.S. rate-hike fears dent broader Asian currencies Most other Asian units fell as markets feared any more hawkish signals from Powell later in the day, which could herald higher U.S. interest rates. The South Korean won lost 0.3%, while the Indian rupee fell 0.1%. The Australian dollar was among the few outliers for the day, rising 0.1% after steep losses in the prior session. Story continues The Japanese yen fell 0.1%, trading close to seven-month lows amid more signals from the Bank of Japan that it will maintain its ultra-loose monetary policy for longer. The minutes of the BOJ’s April meeting showed that nine out of 10 board members planned to keep the policy on hold, while comments from BOJ officials reiterated this stance on Wednesday. Related Articles Asia FX dips, dollar steadies as Powell testimony looms Yuan falters, dollar firm ahead of Powell testimony Bitcoin rises 5.1% at $28,211', 'Investing.com -- Most Asian currencies fell on Wednesday, while the dollar steadied from recent losses as markets hunkered down before more cues on monetary policy from Federal Reserve Chair Jerome Powell later in the day. Powell is set to testify before Congress later in the day, potentially offering more cues on the path of U.S. interest rates after somewhat mixed signals from a Fed meeting last week. While the bank paused its rate hike cycle, it flagged a higher peak interest rate this year, potentially heralding more increases in rates. This kept investors uncertain over what Powell may signal in his testimony, drawing some flows into the dollar on the potential for a hawkish outlook. The dollar index and dollar index futures rose slightly in Asian trade after logging some gains earlier this week. Chinese yuan hits near 7-month low after rate cut The Chinese yuan continued to lag its regional peers, sinking 0.2% to a near seven-month low of 7.1939 against the dollar after the People’s Bank of China cut its key loan prime rate on Tuesday. The PBOC cut its 1-year and 5-year LPR by 10 basis points each. The cut was the PBOC’s first such move in 10 months, and comes as Beijing struggles to shore up a slowing local economic rebound. While the move is expected to help support economic growth, it bodes poorly for the yuan, as rising interest rates in the rest of the globe diminish the currency’s appeal. The cut in the 5-year LPR also disappointed some traders hoping for a bigger reduction, given that the rate is used to peg mortgage prices and is closely tied to the Chinese property market. U.S. rate-hike fears dent broader Asian currencies Most other Asian units fell as markets feared any more hawkish signals from Powell later in the day, which could herald higher U.S. interest rates. The South Korean won lost 0.3%, while the Indian rupee fell 0.1%. The Australian dollar was among the few outliers for the day, rising 0.1% after steep losses in the prior session. Story continues The Japanese yen fell 0.1%, trading close to seven-month lows amid more signals from the Bank of Japan that it will maintain its ultra-loose monetary policy for longer. The minutes of the BOJ’s April meeting showed that nine out of 10 board members planned to keep the policy on hold, while comments from BOJ officials reiterated this stance on Wednesday. Related Articles Asia FX dips, dollar steadies as Powell testimony looms Yuan falters, dollar firm ahead of Powell testimony Bitcoin rises 5.1% at $28,211', '* U.S. housing starts surge; dollar drifts higher * Traders await UK CPI and Powell testimony By Tom Westbrook SINGAPORE, June 21 (Reuters) - The U.S. dollar was firm in Asia trade on Wednesday following surprisingly strong U.S. housing data, while the yuan and Aussie dollar nursed losses and focus turned to Federal Reserve Chair Jerome Powell\'s appearance before Congress later in the day. Single family housing starts surged 21.7% in May against expectations they\'d be more or less flat. Traders discounted it somewhat since the jump wasn\'t led by a leap in permits, but it still gave the dollar a boost ahead of Powell\'s testimony. The greenback was marginally stronger at $1.0916 per euro overnight and steady early in the Asia session. The yen was also firm at 140.50 per dollar ahead of an appearance by Bank of Japan Governor Kazuo Ueda on Wednesday. The Aussie and yuan were Tuesday\'s largest losers and were in no mood for a bounce early on Wednesday. China had cut rates by less than expected and while its post-COVID recovery stalls, hoped-for major stimulus is yet to arrive. The yuan fell about 0.3% overnight and in offshore trade early on Wednesday the currency was pinned at 7.1826 per dollar, near a seven-month low. With China\'s Premier Li Qiang abroad in Europe, traders see an imminent announcement of further stimulus as unlikely. The Aussie had taken a further beating thanks to Tuesday\'s less-hawkish-than-expected central bank minutes following this month\'s rate hike. It fell 0.9% overnight and last bought $0.6790. "The path of least resistance is further declines," said Commonwealth Bank of Australia strategist Joe Capurso. "The Aussie could dip below 0.6700 this week, particularly if Powell is hawkish," he said. Powell is due to begin his testimony at 1400 GMT. The New Zealand dollar was dragged lower in sympathy, breaking below its 50-day moving average before steadying just above its 200-day moving average at $0.6168. Story continues It is under pressure after the central bank flagged it was finished with hikes, while data showed the economy in recession. "From here we see further stagnation in growth," said Mieneke Perniskie, a currency trader at Kiwibank in Wellington. "Our pick is that the kiwi will head towards the $0.57 level before the year is out, but it won’t be in a straight line," she said. "First off the bat we will need to crack the $0.59 level. That may only be a matter of weeks away." Elsewhere sterling recovered some of its overnight drop to sit at $1.2760. British inflation data is due later in the day with economists hoping for signs its easing. The data is likely to be decisive for the Bank of England, which meets on Thursday with markets currently pricing about a 3/4 chance of a 25 bp hike and a 1/4 chance of a 50 bp hike. "Sterling may halt the current reversal (if) expectations are reshaped, with the pair potentially jumping back above 1.28 and re-testing last week\'s resistance at 1.2847," said Daniela Hathorn, analyst at Capital.com. The U.S. dollar index was steady at 102.55. Bitcoin jumped 5% overnight to break over $28,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securites and Charles Schwab. (Reporting by Tom Westbrook)', '\nU.S. housing starts surge; dollar drifts higher\n\nTraders await UK CPI and Powell testimony\nBy Tom Westbrook\nSINGAPORE, June 21 (Reuters) - The U.S. dollar was firm in Asia trade on Wednesday following surprisingly strong U.S. housing data, while the yuan and Aussie dollar nursed losses and focus turned to Federal Reserve Chair Jerome Powell\'s appearance before Congress later in the day.\nSingle family housing starts surged 21.7% in May against expectations they\'d be more or less flat. Traders discounted it somewhat since the jump wasn\'t led by a leap in permits, but it still gave the dollar a boost ahead of Powell\'s testimony.\nThe greenback was marginally stronger at $1.0916 per euro overnight and steady early in the Asia session. The yen was also firm at 140.50 per dollar ahead of an appearance by Bank of Japan Governor Kazuo Ueda on Wednesday.\nThe Aussie and yuan were Tuesday\'s largest losers and were in no mood for a bounce early on Wednesday. China had cut rates by less than expected and while its post-COVID recovery stalls, hoped-for major stimulus is yet to arrive.\nThe yuan fell about 0.3% overnight and in offshore trade early on Wednesday the currency was pinned at 7.1826 per dollar, near a seven-month low.\nWith China\'s Premier Li Qiang abroad in Europe, traders see an imminent announcement of further stimulus as unlikely.\nThe Aussie had taken a further beating thanks to Tuesday\'s less-hawkish-than-expected central bank minutes following this month\'s rate hike. It fell 0.9% overnight and last bought $0.6790.\n"The path of least resistance is further declines," said Commonwealth Bank of Australia strategist Joe Capurso.\n"The Aussie could dip below 0.6700 this week, particularly if Powell is hawkish," he said. Powell is due to begin his testimony at 1400 GMT.\nThe New Zealand dollar was dragged lower in sympathy, breaking below its 50-day moving average before steadying just above its 200-day moving average at $0.6168.\nIt is under pressure after the central bank flagged it was finished with hikes, while data showed the economy in recession.\n"From here we see further stagnation in growth," said Mieneke Perniskie, a currency trader at Kiwibank in Wellington.\n"Our pick is that the kiwi will head towards the $0.57 level before the year is out, but it won’t be in a straight line," she said. "First off the bat we will need to crack the $0.59 level. That may only be a matter of weeks away."\nElsewhere sterling recovered some of its overnight drop to sit at $1.2760. British inflation data is due later in the day with economists hoping for signs its easing.\nThe data is likely to be decisive for the Bank of England, which meets on Thursday with markets currently pricing about a 3/4 chance of a 25 bp hike and a 1/4 chance of a 50 bp hike.\n"Sterling may halt the current reversal (if) expectations are reshaped, with the pair potentially jumping back above 1.28 and re-testing last week\'s resistance at 1.2847," said Daniela Hathorn, analyst at Capital.com.\nThe U.S. dollar index was steady at 102.55. Bitcoin jumped 5% overnight to break over $28,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securites and Charles Schwab.\n(Reporting by Tom Westbrook)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell\'s comments on the central bank\'s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still "has a long way to go" and that despite a recent pause in interest rate hikes officials agreed borrowing costs would likely need to move higher. While noting that inflation remains very far from the Fed\'s target, Powell said it may make sense to still raise rates, at a more moderate pace. "Looks as if Powell failed to out-hawk markets that were braced for a more explicit ratification of the median projection in the latest dot plot summary of economic projections," said Karl Schamotta, chief market strategist at business payments company Corpay. The Fed had left interest rates unchanged at its June meeting but signalled in new projections that borrowing costs may still need to rise as much as half of a percentage point by the end of this year. "By sticking to the balanced, data-dependent language deployed in last week\'s press conference, he left investors betting that the ongoing deceleration in growth and inflation will translate into one - not two - rate hikes by year end," Schamotta said. The dollar index, which measures the currency against six rivals, fell 0.43% to 102.07 following Powell\'s testimony to the House Financial Affairs Committee. The hearing, the first of two Capitol Hill appearances this week, is part of his twice-yearly reports to federal lawmakers. "Consumer Price Index and Non-Farm Payrolls in July are going to be huge events, though it does feel that unless there\'s some kind of disastrous jobs print they\'re going to hike in July come what may," TraderX market strategist Michael Brown said. Investors broadly expect rate hikes to resume at the Fed\'s July meeting, though financial market indicators reflect doubts that the Fed will deliver more increases beyond that. YEN UNDER PRESSURE, STERLING SEESAWS The euro was 0.62% higher against the dollar at $1.0985. The dollar was up 0.3% at 141.805 yen, with the Japanese currency under pressure after Bank of Japan Governor Kazuo Ueda on Wednesday reiterated the central bank\'s dovish stance to maintain its ultra-loose monetary policy. The British pound oscillated between gains and losses after data showed UK inflation accelerated more than expected in May. The annual pace of British consumer price gains was steady at 8.7% in May, against hopes it had cooled since April, with the UK inflation rate remaining more persistent compared with other major economies. Story continues The pound was last up 0.09% at $1.2774, after slipping to a near one-week low of $1.2691 earlier in the session. The Australian dollar was up 0.15% at $0.67975, on pace to snap a three-day losing streak. The currency has weakened this week following Tuesday\'s release of the minutes of the Reserve Bank of Australia\'s June policy meeting, which lacked guidance on further rate hikes. Markets took this as a dovish sign. The Aussie, which is sensitive to Chinese economic data, has also come under pressure due to lacklustre stimulus measures from Beijing. Bitcoin extended overnight gains to breach $29,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securities and Charles Schwab. It was last up 6.47% at $30,148. (Reporting by Saqib Iqbal Ahmed, additional reporting by Tom Westbrook and Farouq Suleiman; Editing by Sam Holmes, Kim Coghill, Sharon Singleton, Alex Richardson and Richard Chang) View comments', 'By Saqib Iqbal Ahmed\nNEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell\'s comments on the central bank\'s ongoing fight to lower inflation failed to live up to the more hawkish market expectations.\nPowell told lawmakers the fight against inflation still "has a long way to go" and that despite a recent pause in interest rate hikes officials agreed borrowing costs would likely need to move higher.\nWhile noting that inflation remains very far from the Fed\'s target, Powell said it may make sense to still raise rates, at a more moderate pace.\n"Looks as if Powell failed to out-hawk markets that were braced for a more explicit ratification of the median projection in the latest dot plot summary of economic projections," said Karl Schamotta, chief market strategist at business payments company Corpay.\nThe Fed had left interest rates unchanged at its June meeting but signalled in new projections that borrowing costs may still need to rise as much as half of a percentage point by the end of this year.\n"By sticking to the balanced, data-dependent language deployed in last week\'s press conference, he left investors betting that the ongoing deceleration in growth and inflation will translate into one - not two - rate hikes by year end," Schamotta said.\nThe dollar index, which measures the currency against six rivals, fell 0.43% to 102.07 following Powell\'s testimony to the House Financial Affairs Committee.\nThe hearing, the first of two Capitol Hill appearances this week, is part of his twice-yearly reports to federal lawmakers.\n"Consumer Price Index and Non-Farm Payrolls in July are going to be huge events, though it does feel that unless there\'s some kind of disastrous jobs print they\'re going to hike in July come what may," TraderX market strategist Michael Brown said.\nInvestors broadly expect rate hikes to resume at the Fed\'s July meeting, though financial market indicators reflect doubts that the Fed will deliver more increases beyond that.\nYEN UNDER PRESSURE, STERLING SEESAWS\nThe euro was 0.62% higher against the dollar at $1.0985. The dollar was up 0.3% at 141.805 yen, with the Japanese currency under pressure after Bank of Japan Governor Kazuo Ueda on Wednesday reiterated the central bank\'s dovish stance to maintain its ultra-loose monetary policy.\nThe British pound oscillated between gains and losses after data showed UK inflation accelerated more than expected in May.\nThe annual pace of British consumer price gains was steady at 8.7% in May, against hopes it had cooled since April, with the UK inflation rate remaining more persistent compared with other major economies.\nThe pound was last up 0.09% at $1.2774, after slipping to a near one-week low of $1.2691 earlier in the session.\nThe Australian dollar was up 0.15% at $0.67975, on pace to snap a three-day losing streak. The currency has weakened this week following Tuesday\'s release of the minutes of the Reserve Bank of Australia\'s June policy meeting, which lacked guidance on further rate hikes. Markets took this as a dovish sign.\nThe Aussie, which is sensitive to Chinese economic data, has also come under pressure due to lacklustre stimulus measures from Beijing.\nBitcoin extended overnight gains to breach $29,000 for the first time since late May, helped by the launch of a new crypto exchange backed by Fidelity, Citadel Securities and Charles Schwab. It was last up 6.47% at $30,148.\n(Reporting by Saqib Iqbal Ahmed, additional reporting by Tom Westbrook and Farouq Suleiman; Editing by Sam Holmes, Kim Coghill, Sharon Singleton, Alex Richardson and Richard Chang)', "Major names in crypto are calling foul as some of the United States’ largest financial firms launched an exchange for digital assets today.\nWall Street giants Fidelity Digital Assets, Charles Schwab and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a pressrelease.\nCaitlin Long, an influential Wall Street veteran who is currently the CEO of the digital assets-focused Custodia Bank, told The Defiant it’s not a coincidence that the firms are launching an exchange in the wake of enforcement actions that have rocked digital assets space this year.\n“All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,” she said.\nLong named Coinbase, which the SECsuedthis month, as a prime example of the enforcement actions which may have opened the way for the new exchange.\nUnited States agencies, particularly the SEC, have charged crypto companies like Coinbase and Binance’s U.S.-basedoperations, with violating securities law. They also continue to push forward rulemaking which crypto’s proponents have said isill-fittedto the technology.\nSimilar perspectives to Long’s ricocheted around crypto-focused social media accounts on Tuesday as the news of EDX’s launch hit.\nInvestorAdam Cochransaid large financial firms have “bullied out participants so they can scoop up cheap coins.”\nBlackrock, the world’s largest asset manager, alsoappliedto launch an ETF for Bitcoin last Thursday. Numerous crypto-native companies have submitted applications to launch a spot Bitcoin ETF and none have been approved.\nLong believes that if BlackRock’s application is approved, it will spawn intense controversy.\n“If that one is the one that breaks through, will you have a lot of people across the entire spectrum of the crypto industry, but far beyond the crypto industry, standing up and screaming, saying, ‘what the heck?’” she said.\n“It sure appears that there's an incumbency bias,” the CEO added, suggesting that regulators are favoring established companies’ forays into crypto, rather companies geared toward the digital asset industry from the get go.\nTo be sure, Long said she doesn't believe digital asset projects are without fault.\n“I'm not defending everything that this industry has done,” the CEO said. “In fact, the vast majority of it needs to burn on a raging funeral pyre.”\nAnd intentions to launch EDX did become publiclast year, so it’s not true to say that the exchange’s backers had waited until this moment to start developing their platform. That hasn’t stopped Long, and many others in the crypto space to question whether there has been a degree of coordination between regulators and Wall Street firms.\nButblockchainsare not going anywhere, despite the regulatory hurdles and what she sees as favoritism towards incumbent financial institutions, Long said. “Nothing's stopping the base layer blockchains,” she said.", "Major names in crypto are calling foul as some of the United States’ largest financial firms launched an exchange for digital assets today. Wall Street giants Fidelity Digital Assets, Charles Schwab and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a press release . Caitlin Long, an influential Wall Street veteran who is currently the CEO of the digital assets-focused Custodia Bank, told The Defiant it’s not a coincidence that the firms are launching an exchange in the wake of enforcement actions that have rocked digital assets space this year. “All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,” she said. Long named Coinbase, which the SEC sued this month, as a prime example of the enforcement actions which may have opened the way for the new exchange. United States agencies, particularly the SEC, have charged crypto companies like Coinbase and Binance’s U.S.-based operations , with violating securities law. They also continue to push forward rulemaking which crypto’s proponents have said is ill-fitted to the technology. Bullied Participants Similar perspectives to Long’s ricocheted around crypto-focused social media accounts on Tuesday as the news of EDX’s launch hit. Investor Adam Cochran said large financial firms have “bullied out participants so they can scoop up cheap coins.” Blackrock, the world’s largest asset manager, also applied to launch an ETF for Bitcoin last Thursday. Numerous crypto-native companies have submitted applications to launch a spot Bitcoin ETF and none have been approved. Incumbency Bias Long believes that if BlackRock’s application is approved, it will spawn intense controversy. “If that one is the one that breaks through, will you have a lot of people across the entire spectrum of the crypto industry, but far beyond the crypto industry, standing up and screaming, saying, ‘what the heck?’” she said. Story continues “It sure appears that there's an incumbency bias,” the CEO added, suggesting that regulators are favoring established companies’ forays into crypto, rather companies geared toward the digital asset industry from the get go. Raging Funeral Pyre To be sure, Long said she doesn't believe digital asset projects are without fault. “I'm not defending everything that this industry has done,” the CEO said. “In fact, the vast majority of it needs to burn on a raging funeral pyre.” And intentions to launch EDX did become public last year , so it’s not true to say that the exchange’s backers had waited until this moment to start developing their platform. That hasn’t stopped Long, and many others in the crypto space to question whether there has been a degree of coordination between regulators and Wall Street firms. But blockchains are not going anywhere, despite the regulatory hurdles and what she sees as favoritism towards incumbent financial institutions, Long said. “Nothing's stopping the base layer blockchains,” she said.", "Major names in crypto are calling foul as some of the United States’ largest financial firms launched an exchange for digital assets today.\nWall Street giants Fidelity Digital Assets, Charles Schwab and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a pressrelease.\nCaitlin Long, an influential Wall Street veteran who is currently the CEO of the digital assets-focused Custodia Bank, told The Defiant it’s not a coincidence that the firms are launching an exchange in the wake of enforcement actions that have rocked digital assets space this year.\n“All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,” she said.\nLong named Coinbase, which the SECsuedthis month, as a prime example of the enforcement actions which may have opened the way for the new exchange.\nUnited States agencies, particularly the SEC, have charged crypto companies like Coinbase and Binance’s U.S.-basedoperations, with violating securities law. They also continue to push forward rulemaking which crypto’s proponents have said isill-fittedto the technology.\nSimilar perspectives to Long’s ricocheted around crypto-focused social media accounts on Tuesday as the news of EDX’s launch hit.\nInvestorAdam Cochransaid large financial firms have “bullied out participants so they can scoop up cheap coins.”\nBlackrock, the world’s largest asset manager, alsoappliedto launch an ETF for Bitcoin last Thursday. Numerous crypto-native companies have submitted applications to launch a spot Bitcoin ETF and none have been approved.\nLong believes that if BlackRock’s application is approved, it will spawn intense controversy.\n“If that one is the one that breaks through, will you have a lot of people across the entire spectrum of the crypto industry, but far beyond the crypto industry, standing up and screaming, saying, ‘what the heck?’” she said.\n“It sure appears that there's an incumbency bias,” the CEO added, suggesting that regulators are favoring established companies’ forays into crypto, rather companies geared toward the digital asset industry from the get go.\nTo be sure, Long said she doesn't believe digital asset projects are without fault.\n“I'm not defending everything that this industry has done,” the CEO said. “In fact, the vast majority of it needs to burn on a raging funeral pyre.”\nAnd intentions to launch EDX did become publiclast year, so it’s not true to say that the exchange’s backers had waited until this moment to start developing their platform. That hasn’t stopped Long, and many others in the crypto space to question whether there has been a degree of coordination between regulators and Wall Street firms.\nButblockchainsare not going anywhere, despite the regulatory hurdles and what she sees as favoritism towards incumbent financial institutions, Long said. “Nothing's stopping the base layer blockchains,” she said.", 'New York-based asset manager WisdomTree has submitted a new application for a spot Bitcoin exchange-traded fund (ETF) in the U.S., less than a week after BlackRockfiledits application for a similar spot Bitcoin ETF.\nSee related article:BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian\n• WisdomTree said in a Tuesdayfilingto the Securities and Exchange Commission (SEC) that it plans to launch the “WisdomTree Bitcoin Trust” to be listed on the Cboe BZX Exchange under the ticker “BTCW.”\n• U.S. Bank National Association will serve as the custodian, according to the filing.\n• “The bitcoin market has matured such that it is operating at a level of efficiency and scale similar in material respects to established global equity, fixed income and commodity markets,” WisdomTree said in the filing.\n• This is not WisdomTree’s first attempt to get a spot Bitcoin ETF approved. In December 2021, the SECrejectedits application, citing a lack of “surveillance-sharing agreements” and market manipulation concerns.\n• WisdomTree’s application comes after BlackRock, which manages about US$10 trillion as the world’s biggest asset manager,filedlast Thursday an application to launch a spot Bitcoin ETF.\n• Earlier this month, the SECsuedCoinbase and Binance.US., two of the industry’s biggest crypto exchanges, for allegedly breaching securities rules. That adds to uncertainties the SEC will approve BlackRock’s ETF, given that a Coinbase unit would act as custodian for the product.\n• “BlackRock breathed new life into the race,” Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted Tuesday, reacting to WisdomTree’s ETF filing.\n• Bitcoin gained 7.1% over the past 24 hours to trade at US$28,808 at 10:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization has risen 74% so far this year but is still far below its peak at around US$64,000 recorded in November 2021.\nSee related article:Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown', 'New York-based asset manager WisdomTree has submitted a new application for a spot Bitcoin exchange-traded fund (ETF) in the U.S., less than a week after BlackRockfiledits application for a similar spot Bitcoin ETF.\nSee related article:BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian\n• WisdomTree said in a Tuesdayfilingto the Securities and Exchange Commission (SEC) that it plans to launch the “WisdomTree Bitcoin Trust” to be listed on the Cboe BZX Exchange under the ticker “BTCW.”\n• U.S. Bank National Association will serve as the custodian, according to the filing.\n• “The bitcoin market has matured such that it is operating at a level of efficiency and scale similar in material respects to established global equity, fixed income and commodity markets,” WisdomTree said in the filing.\n• This is not WisdomTree’s first attempt to get a spot Bitcoin ETF approved. In December 2021, the SECrejectedits application, citing a lack of “surveillance-sharing agreements” and market manipulation concerns.\n• WisdomTree’s application comes after BlackRock, which manages about US$10 trillion as the world’s biggest asset manager,filedlast Thursday an application to launch a spot Bitcoin ETF.\n• Earlier this month, the SECsuedCoinbase and Binance.US., two of the industry’s biggest crypto exchanges, for allegedly breaching securities rules. That adds to uncertainties the SEC will approve BlackRock’s ETF, given that a Coinbase unit would act as custodian for the product.\n• “BlackRock breathed new life into the race,” Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted Tuesday, reacting to WisdomTree’s ETF filing.\n• Bitcoin gained 7.1% over the past 24 hours to trade at US$28,808 at 10:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization has risen 74% so far this year but is still far below its peak at around US$64,000 recorded in November 2021.\nSee related article:Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown', 'New York-based asset manager WisdomTree has submitted a new application for a spot Bitcoin exchange-traded fund (ETF) in the U.S., less than a week after BlackRock filed its application for a similar spot Bitcoin ETF. See related article: BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian Fast facts WisdomTree said in a Tuesday filing to the Securities and Exchange Commission (SEC) that it plans to launch the \x93WisdomTree Bitcoin Trust\x94 to be listed on the Cboe BZX Exchange under the ticker \x93BTCW.\x94 U.S. Bank National Association will serve as the custodian, according to the filing. \x93The bitcoin market has matured such that it is operating at a level of efficiency and scale similar in material respects to established global equity, fixed income and commodity markets,\x94 WisdomTree said in the filing. This is not WisdomTree\x92s first attempt to get a spot Bitcoin ETF approved. In December 2021, the SEC rejected its application, citing a lack of \x93surveillance-sharing agreements\x94 and market manipulation concerns. WisdomTree\x92s application comes after BlackRock, which manages about US$10 trillion as the world\x92s biggest asset manager, filed last Thursday an application to launch a spot Bitcoin ETF. Earlier this month, the SEC sued Coinbase and Binance.US., two of the industry\x92s biggest crypto exchanges, for allegedly breaching securities rules. That adds to uncertainties the SEC will approve BlackRock\x92s ETF, given that a Coinbase unit would act as custodian for the product. \x93BlackRock breathed new life into the race,\x94 Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted Tuesday, reacting to WisdomTree\x92s ETF filing. Bitcoin gained 7.1% over the past 24 hours to trade at US$28,808 at 10:00 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization has risen 74% so far this year but is still far below its peak at around US$64,000 recorded in November 2021. See related article: Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown', 'Bitcoin surged over 5% in Wednesday morning trading in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin cryptocurrencies except XRP. Bitcoin\x92s jump followed the Tuesday evening launch of EDX Markets , a cryptocurrency exchange backed by major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab. Meanwhile, the U.S. equity futures edged lower as investors waited for the Federal Reserve Chair Jerome Powell\x92s Wednesday testimony to Congress, with economic data on Tuesday pointing to a recovery in the U.S. housing market. Bitcoin leads crypto rally Bitcoin jumped 5.65% over the last 24 hours to US$28,285 at 07:30 a.m. in Hong Kong, moving up 9.36% for the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency breached the US$28,000 mark early Wednesday for the first time since May 30. Ether also gained 2.94% to US$1,788 and added 3% for the week. Most top 10 non-stablecoin tokens traded higher in the past 24 hours as Bitcoin spearheaded the rally, with the exception of XRP, which dipped 0.34% over the same period. EDX Markets, a New Jersey-based crypto exchange, officially launched on Tuesday. Its investors include Fidelity Investment, an asset manager overseeing more than US$4 trillion in assets, and will offer Bitcoin, Bitcoin Cash, Ethereum and Litecoin trading services. The launch of EDX Markets echoes BlackRock\x92s Bitcoin exchange-traded fund filing last week, which indicates institutional interest in cryptocurrencies despite the U.S. Securities and Exchange Commission\x92s crackdown on the industry. \x93The SEC\x92s probability of approving the Blackrock Bitcoin ETF is high,\x94 said Markus Thielen, head of crypto research at digital asset service platform Matrixport, in an email. \x93The ETF might be approved by September/October 2023 and will attract US$10 billion within three months and US$20 billion within six months \x97 materially supporting Bitcoin prices.\x94 Story continues Adding to the signals of institutional adoption, German investment bank Deutsche Bank has reportedly applied for a license from German regulators to offer custody services for digital assets including cryptocurrencies, according to Bloomberg on Tuesday. On the regulatory front, the U.K.\x92s Financial Services and Markets Bill, which proposes cryptocurrency regulation in the country, was approved by the Parliament\x92s upper house on Sunday, signaling that the bill is now in its final stage before being enacted into law. \x93[The bill] could essentially recognize cryptocurrencies as a regulated activity and stablecoins as a means of payment,\x94 said investment fund Ark36 Chief Executive Officer Anto Paroian in an email. \x93If the bill is accepted and put into law, this could propel the cryptocurrency industry as a whole into a more mature and respected position within the global financial landscape while putting Britain on the map as a potential global hub for crypto.\x94 The total cryptocurrency market cap rose 3.70% to US$1.11 trillion in the last 24 hours, while crypto trading volume rose 47.78% to US$38.63 billion, according to CoinMarketCap data. NFT transactions rise across markets The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 1.34% in the 24 hours to 10:00 a.m. in Hong Kong but was still down 1.10% for the week. NFT transactions on Ethereum dipped 0.81% in the past 24 hours to US$13.84 million, according to CryptoSlam data. Transactions on the Bitcoin, Solana and Polygon blockchains also logged gains for the past 24 hours. Azuki topped the 24-hour transactions on the Ethereum blockchain, which rose 3.33% to 1.21 million, while Bored Ape Yacht Clubs (BAYC) transactions gained 37.05% to US$1.15 million. \x93[The launch of EDX markets and Deutsche Bank applying for digital asset custody service license indicate] the future of crypto is beginning to take shape. This has implications for the NFT markets, though in the short term, not enough to reverse the recent market trends,\x94 said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. The collaboration between Nike\x92s Web3 platform .SWOOSH and the online video game Fortnite was unveiled on Tuesday. The partnership introduced \x93 Airphoria \x94, a Nike-themed game world, into Fortnite, where players can play to earn digital sneakers and outfits as in-game accessories. However, the collaboration did not introduce NFTs to Fortnite as some had expected. \x93While many were hopeful that NFTs would arrive in Fortnite directly, there are some NFT tie-ins , as gamers who link their Nike account to their Fortnite account will receive an NFT that provides access to a future .SWOOSH NFT drop, along with an achievement on Nike\x92s .SWOOSH platform,\x94 said Petscher. \x93A secondary market for these digital collectible shoes still isn\x92t live, but it\x92s expected to launch at any time, and we\x92ll get to see how sales compare to other web2 facing mediums like Reddit Avatars,\x94 Petscher added. Yuga Labs, the developer of BAYC, announced on Wednesday that HV-MTL Forge, a game based on the BAYC-related HV-MTL NFT collection, would be launched on June 29, triggering a surge of HV-MTL transactions, which rose 287.07% in the past 24 hours to US$360,129, according to CryptoSlam data. Meanwhile, in Asia, a group of Rohingya photographers issued an NFT collection \x93 Rohingyatographer \x94 on the Ethereum blockchain on Tuesday. The collection features 50 photographs of Rohingya people\x92s life to commemorate Refugee Week , which will be open for auction on OpenSea from June 20 to June 27. U.S. futures flat U.S. stock futures traded flat to lower as of 11:15 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched 0.01% lower, while Nasdaq futures dipped 0.03%. The three major U.S. stock indexes closed lower on Tuesday as investors wait for the Federal Reserve Chair Jerome Powell\x92s semi-annual report to the U.S. Congress on Wednesday, which will provide further insights into the Fed\x92s next move on interest rates. Although the Fed paused the interest rate hikes on June 14, it projects the interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year. Adding to investors\x92 caution, the U.S. transportation giant FedEx Corp. provided a worse-than-expected outlook in its fourth quarter report released Tuesday, citing \x93continued demand weakness,\x94 according to Bloomberg . On the economic data front, the U.S. housing starts \x97 which measures new home constructions \x97 reached 1.63 million in May, an increase of over 20% from April, according to the U.S. Census Bureau. The data is well beyond the analysts\x92 expectation of a 0.1% decrease, according to CNN on Tuesday, and points to strong demand in the U.S. housing market. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 23.1% chance the Fed will keep rates unchanged in July, and a 76.9% chance for another 25-basis-point rate hike, up from 74.4% on Tuesday. (Updates with NFT and Equities section.)', 'Bitcoin surged over 5% in Wednesday morning trading in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin cryptocurrencies except XRP. Bitcoin’s jump followed the Tuesday evening launch ofEDX Markets, a cryptocurrency exchange backed by major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab. Meanwhile, the U.S. equity futures edged lower as investors waited for the Federal Reserve Chair Jerome Powell’s Wednesday testimony to Congress, with economic data on Tuesday pointing to a recovery in the U.S. housing market.\nBitcoin jumped 5.65% over the last 24 hours to US$28,285 at 07:30 a.m. in Hong Kong, moving up 9.36% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency breached the US$28,000 mark early Wednesday for the first time since May 30.\nEther also gained 2.94% to US$1,788 and added 3% for the week. Most top 10 non-stablecoin tokens traded higher in the past 24 hours as Bitcoin spearheaded the rally, with the exception of XRP, which dipped 0.34% over the same period.\nEDX Markets, a New Jersey-based crypto exchange, officially launched on Tuesday. Its investors include Fidelity Investment, an asset manager overseeing more than US$4 trillion in assets, and will offer Bitcoin, Bitcoin Cash, Ethereum and Litecoin trading services.\nThe launch of EDX Markets echoesBlackRock’s Bitcoin exchange-traded fund filinglast week, which indicates institutional interest in cryptocurrencies despite the U.S. Securities and Exchange Commission’s crackdown on the industry.\n“The SEC’s probability of approving the Blackrock Bitcoin ETF is high,” said Markus Thielen, head of crypto research at digital asset service platform Matrixport, in an email. “The ETF might be approved by September/October 2023 and will attract US$10 billion within three months and US$20 billion within six months — materially supporting Bitcoin prices.”\nAdding to the signals of institutional adoption, German investment bank Deutsche Bank has reportedly applied for a license from German regulators to offer custody services for digital assets including cryptocurrencies, according toBloombergon Tuesday.\nOn the regulatory front, the U.K.’s Financial Services and Markets Bill, which proposes cryptocurrency regulation in the country, wasapprovedby the Parliament’s upper house on Sunday, signaling that the bill is now in its final stage before being enacted into law.\n“[The bill] could essentially recognize cryptocurrencies as a regulated activity and stablecoins as a means of payment,” said investment fund Ark36 Chief Executive Officer Anto Paroian in an email. “If the bill is accepted and put into law, this could propel the cryptocurrency industry as a whole into a more mature and respected position within the global financial landscape while putting Britain on the map as a potential global hub for crypto.”\nThe total cryptocurrency market cap rose 3.70% to US$1.11 trillion in the last 24 hours, while crypto trading volume rose 47.78% to US$38.63 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexrose 1.34% in the 24 hours to 10:00 a.m. in Hong Kong but was still down 1.10% for the week.\nNFT transactions on Ethereum dipped 0.81% in the past 24 hours to US$13.84 million, according toCryptoSlamdata. Transactions on the Bitcoin, Solana and Polygon blockchains also logged gains for the past 24 hours.\nAzuki topped the 24-hour transactions on the Ethereum blockchain, which rose 3.33% to 1.21 million, while Bored Ape Yacht Clubs (BAYC) transactions gained 37.05% to US$1.15 million.\n“[The launch of EDX markets and Deutsche Bank applying for digital asset custody service license indicate] the future of crypto is beginning to take shape. This has implications for the NFT markets, though in the short term, not enough to reverse the recent market trends,” said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News.\nThe collaboration between Nike’s Web3 platform .SWOOSH and the online video game Fortnite was unveiled on Tuesday. The partnership introduced “Airphoria”, a Nike-themed game world, into Fortnite, where players can play to earn digital sneakers and outfits as in-game accessories. However, the collaboration did not introduce NFTs to Fortnite as some had expected.\n“While many were hopeful that NFTs would arrive in Fortnite directly, there are someNFT tie-ins, as gamers who link their Nike account to their Fortnite account will receive an NFT that provides access to a future .SWOOSH NFT drop, along with an achievement on Nike’s .SWOOSH platform,” said Petscher.\n“A secondary market for these digital collectible shoes still isn’t live, but it’s expected to launch at any time, and we’ll get to see how sales compare to other web2 facing mediums like Reddit Avatars,” Petscher added.\nYuga Labs, the developer of BAYC,announcedon Wednesday that HV-MTL Forge, a game based on the BAYC-related HV-MTL NFT collection, would be launched on June 29, triggering a surge of HV-MTL transactions, which rose 287.07% in the past 24 hours to US$360,129, according to CryptoSlam data.\nMeanwhile, in Asia, a group of Rohingya photographers issued an NFT collection “Rohingyatographer” on the Ethereum blockchain on Tuesday. The collection features 50 photographs of Rohingya people’s life to commemorateRefugee Week, which will be open for auction on OpenSea from June 20 to June 27.\nU.S. stock futures traded flat to lower as of 11:15 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched 0.01% lower, while Nasdaq futures dipped 0.03%.\nThe three major U.S. stock indexes closed lower on Tuesday as investors wait for the Federal Reserve Chair Jerome Powell’s semi-annual report to the U.S. Congress on Wednesday, which will provide further insights into the Fed’s next move on interest rates.\nAlthough the Fed paused the interest rate hikes on June 14, itprojectsthe interest rate to reach 5.6% in 2023, indicating two more rate hikes within the year.\nAdding to investors’ caution, the U.S. transportation giant FedEx Corp. provided a worse-than-expected outlook in its fourth quarter report released Tuesday, citing “continued demand weakness,” according toBloomberg.\nOn the economic data front, theU.S. housing starts— which measures new home constructions — reached 1.63 million in May, an increase of over 20% from April, according to the U.S. Census Bureau. The data is well beyond the analysts’ expectation of a 0.1% decrease, according toCNNon Tuesday, and points to strong demand in the U.S. housing market.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 23.1% chance the Fed will keep rates unchanged in July, and a 76.9% chance for another 25-basis-point rate hike, up from 74.4% on Tuesday.\n(Updates with NFT and Equities section.)', 'Bitcoin surged over 5% in Wednesday morning trading in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin cryptocurrencies except XRP. Bitcoin’s jump followed the Tuesday evening launch ofEDX Markets, a cryptocurrency exchange backed by major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab. Meanwhile, the U.S. equity futures edged lower as investors waited for the Federal Reserve Chair Jerome Powell’s Wednesday testimony to Congress, with economic data on Tuesday pointing to a recovery in the U.S. housing market.\nBitcoin jumped 5.65% over the last 24 hours to US$28,285 at 07:30 a.m. in Hong Kong, moving up 9.36% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency breached the US$28,000 mark early Wednesday for the first time since May 30.\nEther also gained 2.94% to US$1,788 and added 3% for the week. Most top 10 non Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $557,338,100,150 - Hash Rate: 314884889.72798514 - Transaction Count: 363280.0 - Unique Addresses: 693078.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Daderot / Wikimedia Commons If you have $500 that you hope to turn into $100,000, congratulations you are an optimist with lofty goals. But to make your dream a reality, youll have to earn gains of 19,900% . Find Out: How Much Americans Have in Their Savings Accounts in 2023 Learn: 3 Things You Must Do When Your Savings Reach $50,000 Those kinds of stratospheric returns require a lot of risk, a lot of time, a lot of luck or, more likely, some combination of all three. If you have $500, you can buy an alternator for a Porsche Taycan 4 Cross Turismo. Here are a few potential paths to growing it until you can buy the whole car. The Slow Way to 19,900% Takes Most of a Lifetime Early Bitcoin investors who sold at the 2021 crypto peak earned 20,000% and then some. But unless you have the foresight to spot a virtually unknown asset class thats poised to emerge as the next big thing, youll probably look to the stock market. If thats the plan, start young. While its technically possible to turn $500 into $100,000 through investing, its not a realistic or reliable goal for most people, said Wall Street strategist Josh Dudick, CEO of wealth and investment site Top Dollar . The stock market, for example, has historically delivered an average annual return of around 10%. If you invested $500 and earned a 10% return each year, it would take over 55 years to turn that initial investment into $100,000. Take Our Poll: Are You Planning To Buy or Sell a House This Year? The Fast Way to $100,000 Is Also the Fast Way to $0 If you cant wait until the late 2070s to get your hands on your cash, youll have to speed up the clock and the only way to do that is to dial up the risk. Achieving a 200-fold return on a $500 investment is possible through derivative investments, such as options or futures, said June Jia, a quantitative researcher at GF Securities and owner of Canny Trading . Compared to traditional assets like stocks or ETFs, options and futures can provide significant leverage, sometimes reaching several hundred or even thousands of times, which may result in a rapid increase in portfolio value. Story continues The Potential for Colossal Gains Carries the Risk of Total Loss Derivatives trading was a little-known niche in the investing world before it blew up the global economy in 2008. Those responsible for the reckless investments that triggered the Great Recession were blinded by the potential for magnified gains like those that Jia describes. You would be wise to avoid the same mistake with your $500. The potential for high returns comes with a corresponding level of risk, Jia said. To effectively manage risk, investing only a small portion of portfolio funds each time and diversifying investments to mitigate risk exposure is advisable. No matter your risk-mitigation efforts, be prepared to wave goodbye to any portion of your $500 that you bet on leveraged investing. Derivative products are only recommended for sophisticated investors who understand the risks and possibility of losing their entire principal, Dudick said. Day Trading Is More Familiar Than Derivatives, But Nearly as Risky While derivatives trading is alien to the average investor, the concept of buying stocks, selling them at a profit and harvesting the gains is not and if youre good, you can get to $100,000. Plenty of investors have made this goal possible with day trading, said financial expert Matt Roberts, COO and co-founder of My Choice Insurance . The SEC has warned since at least 2005 that day trading is not actual investing and it is a path to significant losses for nearly all who try it. Nearly two decades later, little has changed. Day trading isnt for the faint-hearted or people who are new to investing, Roberts said. This takes a deep understanding of different markets, so it isnt something beginners should be doing. However, if you do learn how market forces play, the goal is possible. Just make sure that you understand the risks involved in it before you start day trading or before you get too aggressive with it. Between Fast and Slow Is Steady: $500 as an Initial Investment Aviva Pinto, managing director of Wealthspire Advisors , is aware that youd need more than half a century to realize 19,900% gains and she reminds investors that 10% annualized returns are no guarantee. The key to shortening that timeline is to treat your $500 merely as a down payment on your future financial freedom. If you start with $500 and add $100 a month, assuming an interest rate of 5%, you would have $111,142.38 at the end of 35 years, Pinto said. If we assume you can get an annual 7% return, you would have $117.159.07 after 30 years. Also, you could lighten the load by breaking up your overall objective into more achievable milestones. Instead of immediately targeting a $100,000 goal, start with a $1,000 goal, Roberts said. Once you hit that $1,000 goal, your new goal is to turn it into $2,000, then $3,000 and so on. Continue this mini goal-setting until you reach $100,000. More From GOBankingRates 5 Expensive Renovations Homeowners Always Regret Financial Insight in Your Inbox: Sign Up for GBR's Daily Newsletter 3 Ways to Recession Proof Your Retirement 7 Things You Must Do To Create a Plan for Your Money This article originally appeared on GOBankingRates.com : You Have $500 To Invest: Can It Be Turned Into $100K?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['At the beginning of the pandemic, markets reacted as though the world was going to end. Then, after the Federal Reserve unveiled its stimulus measures, nearly every tech stock rallied, the crypto bubble formed, andmeme stockswent to the moon. That was followed by big declines in stocks over fears of interest rate hikes and a recession. Nowadays, while it appears we’re in a “Goldilocks” phase, tread cautiously. Even in the current rally, there are till plenty of overvalued stocks still worthy of a sell, including:\nSource: shutterstock.com/Black Salmon\nWest Texas Intermediate Oiltumbled40% over the last year. All thanks to supply issues, China’s weaker than expected economy, and bigger demand for electric vehicles. In addition, the\xa0Biden Administration’s sales from America’s Strategic Petroleum Reserve has weighed heavily on prices, too.\xa0All of this, of course, is bad news for BigOil stocks, includingOccidental Petroleum(NYSE:OXY).\nMoreover, I’ve read that the Biden administration is considering allowing a sort of nonviolent “hostile freeze” to take effect in Ukraine, along the lines of the standoff that the two Koreas have endured for many decades. Also, as we get closer to the U.S. presidential election, I believe that such a scenario is growing increasingly likely, particularly if Biden’s anti-war primary challenger, Robert F. Kennedy, Jr, continues to climb in the polls.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIf a de facto cease fire does take hold in Ukraine, oil prices are likely to plunge, with OXY stock following suit.\nOXY stock currently has a forward price-earnings ratio of 11.3, but that probably does not\xa0 bake in a big decline in oil prices in 2024. And the shares climbed last year due to increases in oil prices and Warren Buffett’s purchase of a great deal of the company’s shares, but what comes up often comes down, and even Buffett is not right 100% of the time.\nSource: shutterstock.com/Leonid Sorokin\nWorries about the recession that hasn’t come and isn’t likely to arrive this year or next year have caused the valuations of staples stocks likeClorox(NYSE:CLX) to hit the roof. As of the afternoon of June 15,\xa0 the shares were changing hands at a forward price-earnings ratio of 28.5. That’s a ridiculously high valuation for a maker of staples products.\nShowing that the long-feared recession is unlikely to materialize,Goldman Sachsrecently loweredthe chances of a recession over the next 12 months to 25%, while the Fedestimates thatGDP will climb 1.8% in the second quarter.\xa0As fewer and fewer economists warn about\xa0 an impending recession,\xa0 many investors will sell staple stocks, including Clorox, and move into more economically sensitive stocks. That’s because staples stocks like CLX are often viewedas good names to buyduring recessions.\xa0 \xa0As a result,\xa0 CLX stock is likely to tumble within the next several months.\nSource: Shutterstock\nAbout two yearsafter pausing itsspace flights due to an issue with a supplier,Virgin Galactic(NYSE:SPCE) is supposed to resume commercial flights in late June. And the company launched a successful test flight last month.\nHowever, I’ve always viewedspace stocksas very risky because of the many unsuccessful flights that occur. And recently, Bank of Americawarned thatVirgin Galactic is particularly risky because it’s using only\xa0 “one mothership.” As a result, if the ship can’t be used for an extended period, SPCE stock is likely to plunge, the bank suggested.\nMoreover, SPCE plans to take its tourists, who will be asked to pay hundreds of thousands of dollars each ,”to the edge of space,” i.e. just barely above the atmosphere. Given that point and the high risks involved, I have my doubts about how many tickets the company will be able to sell.\nSPCE stock currently has a market capitalization of $1.7 billion. If the company has trouble attracting space tourists and/or it has difficulties with its mothership, it will probably have trouble generating much over $100 million of revenue annually, meaning that it could be valued at a gargantuan 17 times its sales.\nSource: Shutterstock\nDisney’s(NYSE:DIS) huge problems have been evident for many years, but the Street seemingly can’t or won’t internalize them, as its forward price-earnings ratio is a fairly strong 16. Specifically, the lion’s share of Disney’s top and bottom lines are derived from two faltering sectors: cable TV and movie theaters. And meanwhile, its growth sector –streaming — remains unprofitable and faces tons of competition.\nIn more recent years, another issue –the company’s antagonism of about half of America with its political/social stances — has become problematic. Anyone who thinks such a situation can’t greatly undermine a large company should take a look at what has happened toAnheuser-Busch(NYSE:BUD). I believe that Disney’s blunders in this area have indeed hurt its financial results and will continue to do so for some time.\nShowing the weakness of Disney’s growth, analysts, on average, onlyexpect its top line toincrease 4.7% in 2024 versus 2023, despite the economy’s strength.\xa0I believe that DIS stock deserves a price-earnings ratio more in the 8x-10x range, and I think the shares will get there sooner than later. As a result, DIS is definitely one of the overpriced stocks to sell at this point.\nSource: Shutterstock\nThe shares of fast casual Mediterranean restaurant ownerCava(NYSE:CAVA) doubled on their first day of trading on June 15 in the wake of the company’s IPO.\nThe sharesnow havea valuation of roughly 7.4 times the company’s trailing revenue. Cava’s revenue will jump in the coming yearsbecause it“has 263 restaurants and wants to expand to over 1,000 by 2033.”\nStill, its valuation is far too high, since it’s far from being profitable and faces a tremendous amount of competition. On the profitability front, Cava reported a net loss of $59 million for 2022, and it has warned that its costs will increase in the coming years as it launches new restaurants.\xa0As far as competition is concerned, I’ve seen fast-casual Mediterranean restaurants, owned by various companies, in nearly every American city in which I’ve lived or visited over the last decade. And one can argue that Cava also competes with all of the fast-casual restaurants whose food is viewed as healthy.\nChipotle(NYSE:CMG) andSubway, for example, could both be looked at as being in the category.\nSource: Shutterstock\nMicroStrategy(NASDAQ:MSTR) has tied its fate to that ofBitcoin(BTC-USD),as the company“holdsapproximately140,000 bitcoin worth about $4 billion.”\nIf Bitcoin tumbles 75%, which I believe is quite likely, the value of MSTR’s Bitcoin holdings would drop by 75% of $4 billion ,or $3 billion. If MSTR’s market capitalization, whichis currently$4 billion, falls by $3 billion, its shares will have lost 75% of their value, all else being equal.\nThe company’s founder and executive chairman, Michael Saylor, contends that crypto will become a “bitcoin focused industry.” But, as I pointedout in a previous column, Washington looks poised to decimate America’s largest crypto exchange,Coinbase(NASDAQ:COIN), while another leading crypto exchange,Binance, also looks destined for failure, given the SEC’s even more onerous lawsuit against it. Additionally, Washington is strongly discouraging the nation’s banks from getting involved with crypto exchanges and the entire crypto sector.\nGiven these points, I believe that, within six months to a year, Americans will find it very difficult to buy and sell Bitcoin. Consequently, I expect the crypto’s value to plunge, taking MSTR stock with it.\nSource: Shutterstock\nLike Clorox,Coca-Cola’s(NYSE:KO) valuation has become quite excessive because of investors who are afraid of a recession piling into it.\xa0 Specifically, the stock’s forward price-earnings ratio is 23.4x.\xa0That’s a rather high valuation for a company whose bottom line is only expected by analysts, on average, to increase 5% this year. Moreover, unlike, say, most tech companies, manyconsumer discretionary stocks, and even some financial services firms, Coca-Cola’s profits have virtually no chance of every jumping 10%-15% in a given year.\nMoreover, I think there’s a risk that, at some point, the company’s financial results could be significantly, negatively impacted by increased concerns about the unhealthy quality of its flagship beverage.\xa0And showing that investors may be already tiring of the name, KO stock has greatly underperformed this year, falling 4% through June 15.\n[{"OXY": "CLX", "Occidental Petroleum": "Clorox", "$58.15": "$156.54"}, {"OXY": "SPCE", "Occidental Petroleum": "Virgin Galactic", "$58.15": "$4.73"}, {"OXY": "DIS", "Occidental Petroleum": "Disney", "$58.15": "$91.32"}, {"OXY": "CAVA", "Occidental Petroleum": "Cava Group", "$58.15": "$38.15"}, {"OXY": "MSTR", "Occidental Petroleum": "MicroStrategy", "$58.15": "$293.39"}, {"OXY": "KO", "Occidental Petroleum": "Coca-Cola", "$58.15": "$61.67"}]\nOn the date of publication, Larry Ramerwas short COIN.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nLarry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• Did Elon Musk Just Trigger a New Netscape Moment?\n• The $1 Investment You MUST Take Advantage of Right Now\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe postGet Out Now! 7 Extremely Overvalued Stocks Set to Spiral Downwardappeared first onInvestorPlace.', "At the beginning of the pandemic, markets reacted as though the world was going to end. Then, after the Federal Reserve unveiled its stimulus measures, nearly every tech stock rallied, the crypto bubble formed, and meme stocks went to the moon. That was followed by big declines in stocks over fears of interest rate hikes and a recession. Nowadays, while it appears we\x92re in a \x93Goldilocks\x94 phase, tread cautiously. Even in the current rally, there are till plenty of overvalued stocks still worthy of a sell, including: Overvalued Stocks: Occidental Petroleum ( OXY ) Figurines of two little men in suits looking at downward stock arrow going through the floor Source: shutterstock.com/Black Salmon West Texas Intermediate Oil tumbled 40% over the last year. All thanks to supply issues, China\x92s weaker than expected economy, and bigger demand for electric vehicles. In addition, the\xa0Biden Administration\x92s sales from America\x92s Strategic Petroleum Reserve has weighed heavily on prices, too.\xa0All of this, of course, is bad news for Big Oil stocks , including Occidental Petroleum (NYSE: OXY ). Moreover, I\x92ve read that the Biden administration is considering allowing a sort of nonviolent \x93hostile freeze\x94 to take effect in Ukraine, along the lines of the standoff that the two Koreas have endured for many decades. Also, as we get closer to the U.S. presidential election, I believe that such a scenario is growing increasingly likely, particularly if Biden\x92s anti-war primary challenger, Robert F. Kennedy, Jr, continues to climb in the polls. InvestorPlace - Stock Market News, Stock Advice & Trading Tips If a de facto cease fire does take hold in Ukraine, oil prices are likely to plunge, with OXY stock following suit. OXY stock currently has a forward price-earnings ratio of 11.3, but that probably does not\xa0 bake in a big decline in oil prices in 2024. And the shares climbed last year due to increases in oil prices and Warren Buffett\x92s purchase of a great deal of the company\x92s shares, but what comes up often comes down, and even Buffett is not right 100% of the time. Story continues Overvalued Stocks: Clorox (CLX) Grayish photo of investor's hands hovering over laptop with red stock graph showing downward arrow overlayed on top of the image Source: shutterstock.com/Leonid Sorokin Worries about the recession that hasn\x92t come and isn\x92t likely to arrive this year or next year have caused the valuations of staples stocks like Clorox (NYSE: CLX ) to hit the roof. As of the afternoon of June 15,\xa0 the shares were changing hands at a forward price-earnings ratio of 28.5. That\x92s a ridiculously high valuation for a maker of staples products. Showing that the long-feared recession is unlikely to materialize, Goldman Sachs recently lowered the chances of a recession over the next 12 months to 25%, while the Fed estimates that GDP will climb 1.8% in the second quarter.\xa0As fewer and fewer economists warn about\xa0 an impending recession,\xa0 many investors will sell staple stocks, including Clorox, and move into more economically sensitive stocks. That\x92s because staples stocks like CLX are often viewed as good names to buy during recessions.\xa0 \xa0As a result,\xa0 CLX stock is likely to tumble within the next several months. Overvalued Stocks: Virgin Galactic ( SPCE ) little girl holding a stock chart with athumbs down. stocks to avoid Source: Shutterstock About two years after pausing its space flights due to an issue with a supplier, Virgin Galactic (NYSE: SPCE ) is supposed to resume commercial flights in late June. And the company launched a successful test flight last month. However, I\x92ve always viewed space stocks as very risky because of the many unsuccessful flights that occur. And recently, Bank of America warned that Virgin Galactic is particularly risky because it\x92s using only\xa0 \x93one mothership.\x94 As a result, if the ship can\x92t be used for an extended period, SPCE stock is likely to plunge, the bank suggested. Moreover, SPCE plans to take its tourists, who will be asked to pay hundreds of thousands of dollars each ,\x94to the edge of space,\x94 i.e. just barely above the atmosphere. Given that point and the high risks involved, I have my doubts about how many tickets the company will be able to sell. SPCE stock currently has a market capitalization of $1.7 billion. If the company has trouble attracting space tourists and/or it has difficulties with its mothership, it will probably have trouble generating much over $100 million of revenue annually, meaning that it could be valued at a gargantuan 17 times its sales. Disney (DIS) a frustrated man with a white board behind him that features a black downward arrow Source: Shutterstock Disney\x92s (NYSE: DIS ) huge problems have been evident for many years, but the Street seemingly can\x92t or won\x92t internalize them, as its forward price-earnings ratio is a fairly strong 16. Specifically, the lion\x92s share of Disney\x92s top and bottom lines are derived from two faltering sectors: cable TV and movie theaters. And meanwhile, its growth sector \x96streaming \x97 remains unprofitable and faces tons of competition. In more recent years, another issue \x96the company\x92s antagonism of about half of America with its political/social stances \x97 has become problematic. Anyone who thinks such a situation can\x92t greatly undermine a large company should take a look at what has happened to Anheuser-Busch (NYSE: BUD ). I believe that Disney\x92s blunders in this area have indeed hurt its financial results and will continue to do so for some time. Showing the weakness of Disney\x92s growth, analysts, on average, only expect its top line to increase 4.7% in 2024 versus 2023, despite the economy\x92s strength.\xa0I believe that DIS stock deserves a price-earnings ratio more in the 8x-10x range, and I think the shares will get there sooner than later. As a result, DIS is definitely one of the overpriced stocks to sell at this point. Cava (CAVA) earnings Source: Shutterstock The shares of fast casual Mediterranean restaurant owner Cava (NYSE: CAVA ) doubled on their first day of trading on June 15 in the wake of the company\x92s IPO. The shares now have a valuation of roughly 7.4 times the company\x92s trailing revenue. Cava\x92s revenue will jump in the coming years because it \x93has 263 restaurants and wants to expand to over 1,000 by 2033.\x94 Still, its valuation is far too high, since it\x92s far from being profitable and faces a tremendous amount of competition. On the profitability front, Cava reported a net loss of $59 million for 2022, and it has warned that its costs will increase in the coming years as it launches new restaurants.\xa0As far as competition is concerned, I\x92ve seen fast-casual Mediterranean restaurants, owned by various companies, in nearly every American city in which I\x92ve lived or visited over the last decade. And one can argue that Cava also competes with all of the fast-casual restaurants whose food is viewed as healthy. Chipotle (NYSE: CMG ) and Subway , for example, could both be looked at as being in the category. MicroStrategy (MSTR) a keyboard with a greet enter key marked sell, representing overvalued stocks to sell Source: Shutterstock MicroStrategy (NASDAQ: MSTR ) has tied its fate to that of Bitcoin ( BTC-USD ), as the company \x93holds approximately 140,000 bitcoin worth about $4 billion.\x94 If Bitcoin tumbles 75%, which I believe is quite likely, the value of MSTR\x92s Bitcoin holdings would drop by 75% of $4 billion ,or $3 billion. If MSTR\x92s market capitalization, which is currently $4 billion, falls by $3 billion, its shares will have lost 75% of their value, all else being equal. The company\x92s founder and executive chairman, Michael Saylor, contends that crypto will become a \x93bitcoin focused industry.\x94 But, as I pointed out in a previous column , Washington looks poised to decimate America\x92s largest crypto exchange, Coinbase (NASDAQ: COIN ), while another leading crypto exchange, Binance , also looks destined for failure, given the SEC\x92s even more onerous lawsuit against it. Additionally, Washington is strongly discouraging the nation\x92s banks from getting involved with crypto exchanges and the entire crypto sector. Given these points, I believe that, within six months to a year, Americans will find it very difficult to buy and sell Bitcoin. Consequently, I expect the crypto\x92s value to plunge, taking MSTR stock with it. Coca-Cola (KO) sell written on a chalkboard representing overvalued stocks to sell Source: Shutterstock Like Clorox, Coca-Cola\x92s (NYSE: KO ) valuation has become quite excessive because of investors who are afraid of a recession piling into it.\xa0 Specifically, the stock\x92s forward price-earnings ratio is 23.4x.\xa0That\x92s a rather high valuation for a company whose bottom line is only expected by analysts, on average, to increase 5% this year. Moreover, unlike, say, most tech companies, many consumer discretionary stocks , and even some financial services firms, Coca-Cola\x92s profits have virtually no chance of every jumping 10%-15% in a given year. Moreover, I think there\x92s a risk that, at some point, the company\x92s financial results could be significantly, negatively impacted by increased concerns about the unhealthy quality of its flagship beverage.\xa0And showing that investors may be already tiring of the name, KO stock has greatly underperformed this year, falling 4% through June 15. OXY Occidental Petroleum $58.15 CLX Clorox $156.54 SPCE Virgin Galactic $4.73 DIS Disney $91.32 CAVA Cava Group $38.15 MSTR MicroStrategy $293.39 KO Coca-Cola $61.67 On the date of publication, Larry Ramer was short COIN. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel\x92s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Get Out Now! 7 Extremely Overvalued Stocks Set to Spiral Downward appeared first on InvestorPlace .", 'Bitcoin traded above US$30,000 in Thursday morning trading in Asia, leading gains across all top 10 non-stablecoin cryptocurrencies by market capitalization. The rally follows news of more major financial institutions venturing into crypto after BlackRock announced a Bitcoin ETF application last week. In addition, the U.S. Federal Reserve Chair Jerome Powell said in congressional testimony on Wednesday that Bitcoin has \x93staying power.\x94 Crypto Bitcoin surged 6.72% over the last 24 hours to US$30,118.51 at 7:00 a.m. in Hong Kong, up 20.33% for the past week, according to CoinMarketCap data. The world\x92s largest cryptocurrency broke through the US$30,000 resistance line early morning on Thursday for the first time since April. Ether also rose 6.04% to US$1,893, gaining 14.79% for the week. \x93Market confidence has recently been buoyed by BlackRock\x92s BTC ETF application as they\x92ve successfully attained 575 ETF applications with only one denial, while Fidelity is rumored to be following right behind with a BTC ETF application too,\x94 said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Labs, in an emailed statement. BlackRock, the world\x92s largest asset manager with US$8.59 trillion under management as of the end of 2022, filed an application on June 15 for the Bitcoin exchange-traded fund (ETF). Other leading financial institutions followed , despite U.S. regulators this month filing lawsuits against crypto exchanges, alleging they illegally trade many tokens that should have been registered as financial securities. In a related bullish development, EDX Markets, the New Jersey-based digital asset exchange backed by Wall Street firms, such as Citadel Securities, Fidelity Investments and Charles Schwab Corp., opened for business in the U.S. on Tuesday. The exchange offers Bitcoin, Bitcoin Cash, Ethereum and Litecoin tokens for trading. Deutch Bank AG, Germany\x92s largest bank, has also applied to a local regulator for a license to operate as a crypto custodian, Bloomberg reported on Tuesday. Story continues \x93Jerome Powell also made some remarks about Bitcoin that could be interpreted as bullish,\x94 Benjamin Stani, the director of business development and sales at crypto trading platform Matrixport, told Forkast via Telegram message. Powell reportedly said during a monetary policy hearing at Capitol Hill on Wednesday that cryptocurrencies like Bitcoin have \x93staying power\x94 as an asset class, and that the central bank regards stablecoins used for payments as a form of money. He also said that the central bank should have a stronger role in regulating stablecoins. All other top 10 non-stablecoin cryptocurrencies gained in the past 24 hours. Cardano\x92s ADA jumped 7.02% to US$0.287 for a weekly increase of 9.61%, helped by news of network improvements . Litecoin rose 6.56% to US$85.28, up 16.87% in the past seven days. Ripple\x92s XRP token jumped 5.10% to US$0.5217 Thursday morning after San Francisco-based Ripple Labs said it received in-principle approval from the Monetary Authority of Singapore to offer digital payment services in the city-state. The total cryptocurrency market capitalization rose 4.96% to US$1.17 trillion in the last 24 hours, while trading volume surged 59.05% to US$60.3 billion, according to CoinMarketCap data. NFT little changed The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.43% to 2,910.36 in the 24 hours to 8:45 a.m. in Hong Kong. The index is down 0.50% for the week. Total NFT transactions rose 1.15% to US$53.4 million, while transactions on Ethereum rose 81% to US$15.3 million. \x93Overall kind of a boring day in NFTs,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93There is some excitement about all of the news in crypto, but that\x92s not impacting NFTs yet, other than helping us stay even instead of maintaining that decline we were in.\x94 Ethereum-based Bored Ape Yacht Club NFT transactions surged 95.51% to US$1.9 million. Transactions in Mutant Ape Yacht Club, another collection from Yuga Labs, grew 44.93% to exceed US$1 million. Yuga Labs said Wednesday it is launching a new game on June 29 based on its Bored Ape-related HV-MTL NFT collection. U.S. futures dip following Powell speech Federal Reserve Chairman Jerome Powell \| Image: Getty Images U.S. stock futures traded lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched down 0.11%, while Nasdaq futures dipped 0.19%. The three major U.S. stock indexes closed lower on Wednesday after Fed chair Powell told a U.S. Congress committee that interest rate will need to go higher to tame inflation, which is now at around 4.05% or on a declining trend, but still more than double the Fed\x92s target of 2%. While the Fed left rates unchanged at its meeting on June 14, it does project rates to reach 5.6% in 2023, indicating two more rate hikes within the year. \x93Inflation remains well above our longer-run goal of 2 percent,\x94 Powell said . \x93Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.\x94 Powell is scheduled to speak again on Thursday before the Senate Banking Committee. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike, down from 76.9% on Wednesday. (Updates with equities section.)', 'Bitcoin traded above US$30,000 in Thursday morning trading in Asia, leading gains across all top 10 non-stablecoin cryptocurrencies by market capitalization. The rally follows news of more major financial institutions venturing into crypto after BlackRock announced a Bitcoin ETF application last week. In addition, the U.S. Federal Reserve Chair Jerome Powell said in congressional testimony on Wednesday that Bitcoin has “staying power.”\nBitcoin surged 6.72% over the last 24 hours to US$30,118.51 at 7:00 a.m. in Hong Kong, up 20.33% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through the US$30,000 resistance line early morning on Thursday for the first time since April.\nEther also rose 6.04% to US$1,893, gaining 14.79% for the week.\n“Market confidence has recently been buoyed by BlackRock’s BTC ETF application as they’ve successfully attained 575 ETF applications with only one denial, while Fidelity is rumored to be following right behind with a BTC ETF application too,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Labs, in an emailed statement.\nBlackRock, the world’s largest asset manager with US$8.59 trillion under management as of the end of 2022, filed an application on June 15 for the Bitcoin exchange-traded fund (ETF). Other leadingfinancial institutions followed, despite U.S. regulators this month filinglawsuitsagainst crypto exchanges, alleging they illegally trade many tokens that should have been registered as financial securities.\nIn a related bullish development, EDX Markets, the New Jersey-based digital asset exchange backed by Wall Street firms, such as Citadel Securities, Fidelity Investments and Charles Schwab Corp.,opened for businessin the U.S. on Tuesday. The exchange offers Bitcoin, Bitcoin Cash, Ethereum and Litecoin tokens for trading.\nDeutch Bank AG, Germany’s largest bank, has also applied to a local regulator for a license to operate as a crypto custodian,Bloombergreported on Tuesday.\n“Jerome Powell also made some remarks about Bitcoin that could be interpreted as bullish,” Benjamin Stani, the director of business development and sales at crypto trading platform Matrixport, toldForkastvia Telegram message.\nPowellreportedlysaid during a monetary policy hearing at Capitol Hill on Wednesday that cryptocurrencies like Bitcoin have “staying power” as an asset class, and that the central bank regards stablecoins used for payments as a form of money. He also said that the central bank should have a stronger role in regulating stablecoins.\nAll other top 10 non-stablecoin cryptocurrencies gained in the past 24 hours. Cardano’s ADA jumped 7.02% to US$0.287 for a weekly increase of 9.61%, helped by news ofnetwork improvements. Litecoin rose 6.56% to US$85.28, up 16.87% in the past seven days.\nRipple’s XRP token jumped 5.10% to US$0.5217 Thursday morning after San Francisco-based Ripple Labs said it received in-principleapprovalfrom the Monetary Authority of Singapore to offer digital payment services in the city-state.\nThe total cryptocurrency market capitalization rose 4.96% to US$1.17 trillion in the last 24 hours, while trading volume surged 59.05% to US$60.3 billion, according toCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.43% to 2,910.36 in the 24 hours to 8:45 a.m. in Hong Kong. The index is down 0.50% for the week.\nTotal NFT transactions rose 1.15% to US$53.4 million, while transactions on Ethereum rose 81% to US$15.3 million.\n“Overall kind of a boring day in NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “There is some excitement about all of the news in crypto, but that’s not impacting NFTs yet, other than helping us stay even instead of maintaining that decline we were in.”\nEthereum-based Bored Ape Yacht Club NFT transactions surged 95.51% to US$1.9 million. Transactions in Mutant Ape Yacht Club, another collection from Yuga Labs, grew 44.93% to exceed US$1 million. Yuga Labs said Wednesday it is launching a new game on June 29 based on its Bored Ape-related HV-MTL NFT collection.\nU.S. stock futures traded lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched down 0.11%, while Nasdaq futures dipped 0.19%.\nThe three major U.S. stock indexes closed lower on Wednesday after Fed chair Powell told a U.S. Congress committee that interest rate will need to go higher to tame inflation, which is now at around 4.05% or on a declining trend, but still more than double the Fed’s target of 2%.\nWhile the Fed left rates unchanged at its meeting on June 14, it does project rates to reach 5.6% in 2023, indicating two more rate hikes within the year.\n“Inflation remains well above our longer-run goal of 2 percent,” Powellsaid. “Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nPowell is scheduled to speak again on Thursday before the Senate Banking Committee.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike, down from 76.9% on Wednesday.\n(Updates with equities section.)', 'Bitcoin traded above US$30,000 in Thursday morning trading in Asia, leading gains across all top 10 non-stablecoin cryptocurrencies by market capitalization. The rally follows news of more major financial institutions venturing into crypto after BlackRock announced a Bitcoin ETF application last week. In addition, the U.S. Federal Reserve Chair Jerome Powell said in congressional testimony on Wednesday that Bitcoin has “staying power.”\nBitcoin surged 6.72% over the last 24 hours to US$30,118.51 at 7:00 a.m. in Hong Kong, up 20.33% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through the US$30,000 resistance line early morning on Thursday for the first time since April.\nEther also rose 6.04% to US$1,893, gaining 14.79% for the week.\n“Market confidence has recently been buoyed by BlackRock’s BTC ETF application as they’ve successfully attained 575 ETF applications with only one denial, while Fidelity is rumored to be following right behind with a BTC ETF application too,” said Nick Ruck, the chief operating officer of blockchain venture studio ContentFi Labs, in an emailed statement.\nBlackRock, the world’s largest asset manager with US$8.59 trillion under management as of the end of 2022, filed an application on June 15 for the Bitcoin exchange-traded fund (ETF). Other leadingfinancial institutions followed, despite U.S. regulators this month filinglawsuitsagainst crypto exchanges, alleging they illegally trade many tokens that should have been registered as financial securities.\nIn a related bullish development, EDX Markets, the New Jersey-based digital asset exchange backed by Wall Street firms, such as Citadel Securities, Fidelity Investments and Charles Schwab Corp.,opened for businessin the U.S. on Tuesday. The exchange offers Bitcoin, Bitcoin Cash, Ethereum and Litecoin tokens for trading.\nDeutch Bank AG, Germany’s largest bank, has also applied to a local regulator for a license to operate as a crypto custodian,Bloombergreported on Tuesday.\n“Jerome Powell also made some remarks about Bitcoin that could be interpreted as bullish,” Benjamin Stani, the director of business development and sales at crypto trading platform Matrixport, toldForkastvia Telegram message.\nPowellreportedlysaid during a monetary policy hearing at Capitol Hill on Wednesday that cryptocurrencies like Bitcoin have “staying power” as an asset class, and that the central bank regards stablecoins used for payments as a form of money. He also said that the central bank should have a stronger role in regulating stablecoins.\nAll other top 10 non-stablecoin cryptocurrencies gained in the past 24 hours. Cardano’s ADA jumped 7.02% to US$0.287 for a weekly increase of 9.61%, helped by news ofnetwork improvements. Litecoin rose 6.56% to US$85.28, up 16.87% in the past seven days.\nRipple’s XRP token jumped 5.10% to US$0.5217 Thursday morning after San Francisco-based Ripple Labs said it received in-principleapprovalfrom the Monetary Authority of Singapore to offer digital payment services in the city-state.\nThe total cryptocurrency market capitalization rose 4.96% to US$1.17 trillion in the last 24 hours, while trading volume surged 59.05% to US$60.3 billion, according toCoinMarketCapdata.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.43% to 2,910.36 in the 24 hours to 8:45 a.m. in Hong Kong. The index is down 0.50% for the week.\nTotal NFT transactions rose 1.15% to US$53.4 million, while transactions on Ethereum rose 81% to US$15.3 million.\n“Overall kind of a boring day in NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “There is some excitement about all of the news in crypto, but that’s not impacting NFTs yet, other than helping us stay even instead of maintaining that decline we were in.”\nEthereum-based Bored Ape Yacht Club NFT transactions surged 95.51% to US$1.9 million. Transactions in Mutant Ape Yacht Club, another collection from Yuga Labs, grew 44.93% to exceed US$1 million. Yuga Labs said Wednesday it is launching a new game on June 29 based on its Bored Ape-related HV-MTL NFT collection.\nU.S. stock futures traded lower as of 11:30 a.m. in Hong Kong. Dow Jones Industrial Average futures and the S&P 500 futures both inched down 0.11%, while Nasdaq futures dipped 0.19%.\nThe three major U.S. stock indexes closed lower on Wednesday after Fed chair Powell told a U.S. Congress committee that interest rate will need to go higher to tame inflation, which is now at around 4.05% or on a declining trend, but still more than double the Fed’s target of 2%.\nWhile the Fed left rates unchanged at its meeting on June 14, it does project rates to reach 5.6% in 2023, indicating two more rate hikes within the year.\n“Inflation remains well above our longer-run goal of 2 percent,” Powellsaid. “Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.”\nPowell is scheduled to speak again on Thursday before the Senate Banking Committee.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 28.1% chance the Fed will keep rates unchanged in July, and a 71.9% chance for another 25-basis-point rate hike, down from 76.9% on Wednesday.\n(Updates with equities section.)', 'Invesco, WisdomTree Follows BlackRock in Filing for a Bitcoin ETF WisdomTree and Invesco Have Filed for Bitcoin Exchange-Traded Funds in the US WisdomTree and Invesco have filed applications for spot Bitcoin exchange-traded funds (ETFs) in the US, following BlackRock\'s move on June 15. New York-based asset management firm WisdomTree has applied for a third time, requesting that the SEC allows WisdomTree to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” The SEC previously rejected its application in December 2021, and again in October 2022, claiming concerns of fraud and market manipulation. Meanwhile, Invesco has " reactivated " its application for its “Invesco Galaxy Bitcoin ETF.” According to the filing, the spot Bitcoin ETF will make use of "professional custodians and other service providers." One crucial distinction in the BlackRock filing is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets. Similarly, WisdomTree signaled it is open to signing a surveillance agreement with "an operator of a US-based spot trading platform for Bitcoin." Fidelity Investments is also rumored to be considering its own spot Bitcoin ETF.', 'WisdomTree and Invesco have filed applications for spotBitcoinexchange-traded funds (ETFs) in the US, following BlackRock\'s move on June 15.\nNew York-based asset management firm WisdomTree hasappliedfor a third time, requesting that the SEC allows WisdomTree to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” The SEC previously rejected its application in December 2021, and again in October 2022, claiming concerns of fraud and market manipulation.\nMeanwhile, Invesco has "reactivated" its application for its “Invesco Galaxy Bitcoin ETF.” According to the filing, the spot Bitcoin ETF will make use of "professional custodians and other service providers."\nOne crucial distinction in the BlackRock filing is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets. Similarly, WisdomTree signaled it is open to signing a surveillance agreement with "an operator of a US-based spot trading platform for Bitcoin." Fidelity Investments is also rumored to be considering its own spot Bitcoin ETF.', 'WisdomTree and Invesco have filed applications for spotBitcoinexchange-traded funds (ETFs) in the US, following BlackRock\'s move on June 15.\nNew York-based asset management firm WisdomTree hasappliedfor a third time, requesting that the SEC allows WisdomTree to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” The SEC previously rejected its application in December 2021, and again in October 2022, claiming concerns of fraud and market manipulation.\nMeanwhile, Invesco has "reactivated" its application for its “Invesco Galaxy Bitcoin ETF.” According to the filing, the spot Bitcoin ETF will make use of "professional custodians and other service providers."\nOne crucial distinction in the BlackRock filing is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets. Similarly, WisdomTree signaled it is open to signing a surveillance agreement with "an operator of a US-based spot trading platform for Bitcoin." Fidelity Investments is also rumored to be considering its own spot Bitcoin ETF.', "Federal Reserve Chair Jerome Powell has said that payment stablecoins in the US are a form of money and that the central bank should play a robust role in their regulation.\nPowell's comments, at the House of Representatives Financial Services Committee’s semi-annual hearing, came in response to U.S. representative Maxine Waters on a proposed stablecoin bill from the Republicans, which would create 58 different licenses with federal regulatory approval over only two of them.\nPowell responded:\n“We do see payment stablecoins as a form of money, […] and we believe that it would be appropriate to have quite a robust federal role in what happens in stablecoin going forward.”\nPowell’s position differs from that of Securities and Exchange Commission (SEC) Chair Gary Gensler, who has said that stablecoins may require registration and regulation and that all cryptocurrencies except Bitcoin are securities. It also runs contrary to Commodity Futures Trading Commission (CTFC) Chair Rostin Behnam, who sees stablecoins as commodities.", "Fed Powell Sees “Stablecoins as Money” Payment Stablecoins in the US Are a Form of Money Federal Reserve Chair Jerome Powell has said that payment stablecoins in the US are a form of money and that the central bank should play a robust role in their regulation. Powell's comments, at the House of Representatives Financial Services Committee’s semi-annual hearing, came in response to U.S. representative Maxine Waters on a proposed stablecoin bill from the Republicans, which would create 58 different licenses with federal regulatory approval over only two of them. Powell responded: “We do see payment stablecoins as a form of money, […] and we believe that it would be appropriate to have quite a robust federal role in what happens in stablecoin going forward.” Powell’s position differs from that of Securities and Exchange Commission (SEC) Chair Gary Gensler, who has said that stablecoins may require registration and regulation and that all cryptocurrencies except Bitcoin are securities. It also runs contrary to Commodity Futures Trading Commission (CTFC) Chair Rostin Behnam, who sees stablecoins as commodities.", 'Good morning. Here’s what’s happening:\nPrices:Bitcoin surged over $30.7K before settling nearer to $30K as investors savored news of multiple spot bitcoin ETF filings.\nInsights:Crypto has been "going through a crisis of confidence, but recent filings for spot bitcoin ETFs have helped energize crypto markets, says eToro U.S. investment analyst Callie Cox.\nCoinDesk Market Index (CMI)\n1,235\n+53.7▲4.5%\nBitcoin (BTC)\n$30,139\n+1368.5▲4.8%\nEthereum (ETH)\n$1,916\n+108.3▲6.0%\nS&P 500\n4,365.69\n−23.0▼0.5%\nGold\n$1,944\n+8.3▲0.4%\nNikkei 225\n33,575.14\n+186.2▲0.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,235", "+53.7\\u25b24.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,139", "+1368.5\\u25b24.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,916", "+108.3\\u25b26.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,365.69", "\\u221223.0\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,944", "+8.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,575.14", "+186.2\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Returns to Its Perch Above $30K\nAfter weeks of gloom, bitcoin surged for a second consecutive day as investors drew confidence from spot BTC ETF applications by BlackRock and other large asset management firms.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,140, up nearly 5% over the past 24 hours. BTC last cracked the $30,000 threshold in April.\nBitcoin began rising Tuesday after the long, U.S. Juneteenth holiday weekend as markets more fully digested the impact of the BlackRock filing. Later in the day, spot bitcoin re-filings by Invesco and WisdomTree brightened the mood further, offering the latest evidence of institutional investors\' growing interest in the crypto space even as markets have struggled amid an uncertain regulatory environment, pesky inflation and other macroeconomic woes.\nRead More:Invesco Reapplies for Bitcoin ETF, Advocates for More Crypto Investment Products\n“There is a wave of optimism in the crypto market now that big institutional players are working to take part in the industry in a big way," Nihar Neelakanti, the CEO and co-founder of carbon-backed digital collectibles Ecosapiens, wrote in an email to CoinDesk.\nNeelakanti also also noted "rumors" that Fidelity might also apply for an ETF. On Tuesday, a Fidelity spokesperson told CoinDesk that the firm had not publicly announced any plans to file. Invesco, which has $1.4 trillion in assets under management, filed its application in conjunction with digital asset manager Galaxy Digital. The Securities and Exchange Commission (SEC) rejected WisdomTree\'s first spot bitcoin ETF application in 2022.\n"These players, among other big names, are obviously going to add a lot of liquidity to the market and make investors more confident to buy bitcoin again," Neelakanti wrote. "And big institutions partnering with crypto are going to continue to be a catalyst for bitcoin for the foreseeable future, even as the U.S. regulatory situation continues to cause some hardship for the industry."\nEther enjoyed a similarly upbeat Wednesday to continue its momentum. The second largest crypto in market value was recently changing hands above $1,900 for the first time in three weeks, up more than 6% from Tuesday, same time. Other large cryptos spent the day in deep green territory with ADA and MATIC, the native cryptos of smart contract platforms Cardano and Polygon, each up more than 7%, along with popular memecoin DOGE. TheCoinDesk Market Index, a measure of crypto markets performance, was recently up more than 5%.\nU.S. stocks veered from their weeks-long winning ways to tick down with tech stocks leading the decline. The technology heavy Nasdaq Composite and S&P 500, closed off 1.2% and 0.5%, respectively. Asia markets opened on a sour note with the Hang Seng and Shanghai indexes recently falling about 2% and 1.3%, respectively\nEcosapiens\' Neelakanti believes that TradFi will take advantage of "regulatory pressure on crypto" to unveil new digital asset initiatives, although he is uncertain of these partnerships long-term benefit. He added, however that every crypto "wave" has drawn new participants.\n"The last wave was a lot of retail speculators, and this fits a pattern of how new asset classes develop over time," he wrote. "You have early believers, then more retail people, and then the third wave of more institutions getting into the fold. We’re starting to see the beginnings of the third wave now. And this wave will include the big institutions, but also 401Ks and other major types of funds like pension funds and university endowments.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+9.6%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+7.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+7.5%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nCrypto\'s "Crisis of Confidence" and the Rush of Spot Bitcoin ETF Filings\nCryptos have been "going through a crisis of confidence," yet the past week\'s "rush of filings for spot bitcoin ETFs has returned "some excitement" into the markets, especially into "well-known," quality coins like Bitcoin and Ethereum," Callie Cox, U.S. investment analyst for social investing platform eToro, told CoinDesk TV\'s "First Mover" program on Wednesday.\n"Institutional lenders, where this industry grows, whether you like it or not, that\'s the history for many emerging markets," Cox said. "And the fact that some of the largest issuers in the world are stepping in and saying, \'we want to offer this product,\' tells you something about pent-up demand, or demand from investors who might not be comfortable trading spot crypto."\nLast Thursday, the iShares unit of fund management giant BlackRock (BLK)filed paperworkwith the U.S. Securities and Exchange Commission (SEC)for the formationof a spot bitcoin (BTC) ETF. Earlier this week, investment management companiesInvesco (IVZ)and WisdomTree refiled for spot ETFs.\nIVZ, which has $1.4 trillion assets under management, is working in conjunction with digital asset manager Galaxy Digital. It first filed for a spot bitcoin ETF in 2021. The Securities and Exchange Commission (SEC)deniedWisdomTree\'s first application 2022, amid a flurry of rejections.\nThe surge in institutional interest followed closely after ongoing U.S. regulatory scrutiny seemed to reach new heights earlier this month with SEC lawsuits against exchanges Binance and Coinbase, leaving markets Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,258,667,162 - Hash Rate: 356522561.09697485 - Transaction Count: 392041.0 - Unique Addresses: 722789.0 Social & AI Sentiment: - Fear & Greed Index: 0.65 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Binance, the world’s largest cryptocurrency exchange, and its chief executive are being sued by the US’s top financial watchdog, which has accused them of making billions of dollars while “placing investors’ assets at significant risk”. In a court filing, the Securities and Exchange Commission (SEC) accused Binance of mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by its founder and chief executive, Changpeng Zhao. Related:Elon Musk accused of insider trading in Dogecoin lawsuit “We allege that Zhao and the Binance entities not only knew the rules of the road, but they also consciously chose to evade them and put their customers and investors at risk,” said Gurbir Grewal, director of the SEC’s enforcement division. In itscomplaint filed on Monday at a federal district court in Washington, the SEC added: “Defendants have enriched themselves by billions of US dollars while placing investors’ assets at significant risk.” The complaint alleges that between June 2018 and July 2021, Binance earned at least $11.6bn (£9.3bn) in revenue, mostly from transaction fees. Among other charges, the SEC alleges that, while Zhao and Binance publicly claimed that US customers were restricted from transacting on Binance.com, “Zhao and Binance in reality subverted their own controls to secretly allow high-value US customers to continue trading on the Binance.com platform”. The 13 civil charges have been placed against Zhao, Binance Holdings and two further Binance-linked entities, BAM Trading Services and BAM Management US Holdings. The SEC said Binance and BAM operated the Binance.US platform, which had been created for US customers after the main Binance platform said in 2019 it was quitting the US market. The SEC alleges that, while Zhao and Binance publicly claimed that Binance.US was created as a separate, independent trading platform for US investors, “Zhao and Binance secretly controlled the Binance.US platform’s operations behind the scenes”. The SEC alleges that Zhao and Binance were able to commingle or divert customers assets “as they please” including to a Zhao-controlled entity called Sigma Chain. The regulator claims that Sigma also engaged in “manipulative trading” that artificially inflated trading volume on Binance.US. The SEC also charged Binance and BAM Trading with operating unregistered securities exchanges, broker-dealers and clearing agencies, as well as the unregistered offering and sale of crypto assets including the Binance USD stablecoin, a digital token whose value is pegged to the American dollar. It alleged that Zhao was a “control person” for the unregistered exchange operation. The SEC complaint alleges that Zhao directed Binance to conceal the access of high-spending US customers to Binance.com. In one piece of evidence included in the lawsuit, the Binance chief compliance officer messaged a colleague saying: “We are operating as a fking unlicensed securities exchange in the USA bro.” Elsewhere in the lawsuit Binance’s CCO is quoted as saying: “We do not want [Binance].com to be regulated ever.” A Binance spokesperson said: “We want to be clear that while we take the allegations in the SEC’s complaint seriously, they should not be the subject of an SEC enforcement action, let alone on an expedited basis. They are unjustified.” John Stark, a former senior SEC official and senior lecturing fellow at Duke University’s school of law, said the SEC has been “incredibly aggressive” towards the crypto industry recently, having announcedmore than 30 cryptocurrency-related enforcement actionssince 2022. Stark added that the complaint contained “scathing allegations” including evidence that Binance’s actions were “designed to avoid regulatory scrutiny”. In March the US Commodity Futures Trading Commission sued Binance and Zhao in a complaint that claimed the defendants committed “wilful evasion of US law”.Allegations in the complaintincluded claims that Binance helped US customers trade on the platform despite not having regulatory clearance to do so. Bitcoin, the world’s biggest cryptocurrency, fell as much as 6% on the news to its lowest in almost three months. Binance’s own cryptocurrency BNB, the world’s fourth-largest by market size, dropped more than 5%. Market players said the SEC’s allegations could hobble Binance, with the lawsuit likely to reverberate through the crypto industry. Binance dominates crypto trading, processing trades worth about $65bn a day last year. Reuters contributed to this report... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world’s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA token gaining and Binance’s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin’s rally.\nBitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33.\nEther was little changed, rising 0.02% to US$1,879.66 to gain 12.87% for the week.\nBlackRock Inc.,the world’s largest asset manager with US$8.59 trillion under management at the end of 2022, filed an application on June 15 for a Bitcoin exchange-traded fund (ETF). Two more U.S.-based asset managers — WisdomTree and Invesco — also filed Bitcoin ETF applications this week.\n“Major cryptocurrencies were seeing strong performances this week — Traders reacted positively to the possibility of seeing a Bitcoin ETF come to market,” Denys Peleshok, head of Asia at Belize-based financial brokerage CPT Markets, in email comments.\n“A successful launch of a bitcoin ETF could open the way for more inflows from individuals and professional investors alike,” Peleshok added. “The investment vehicle could lower the barrier of entry into the market and attract significant volumes of investment into bitcoin in particular.”\nBoston-based Fidelity Investments, another major financial services company that managed US$4.2 trillion as of the first quarter of 2023, is alsosaidto be preparing to file a Bitcoin ETF application.\nIn another encouraging move for institutional adoption of crypto, EDX Marketsopened for businesson Tuesday as a New Jersey-based digital asset exchange backed by Wall Street firms such as Citadel Securities, Fidelity Investments and Charles Schwab Corp. EDX said U.S. regulatory compliance is a core feature of its operations.\nThese moves by traditional finance follow the crackdown on the U.S. crypto sector this month by the Securities and Exchange Commission (SEC), which filed lawsuits against the Binance.US and Coinbase exchanges. The SEC alleges they illegally traded cryptocurrencies that should have been registered as financial securities, among other charges.\n“[Bitcoin could] continue benefiting from its status as a quasi-commodity when most other digital assets are considered securities by regulators. As a result, Bitcoin could emerge as a winner from the SEC’s legal efforts,” said Peleshok of CPT Markets.\nU.S. Federal Reserve Chairman Jerome Powellcommentedon Bitcoin during a monetary policy hearing on Capitol Hill this week, describing the token as having “staying power” as an asset class.\nMeanwhile, Mastercard Inc., the world’s second largest payment processor,announcedThursday that it will expand its Engage network to embrace more blockchain and digital asset partners. Mastercard Engage connects businesses with qualified technology partners.\nOther top 10 non-stablecoin cryptocurrencies were mixed, although making weekly gains spearheaded by Bitcoin. Binance’s BNB token lost 2.53% to US$242.49 while gaining 2.36% in the past seven days.\nCardano’s ADA rose 2.21% to US$0.2922, adding 10.90% in the last week.\nThe total cryptocurrency market capitalization rose 0.14% to US$1.17 trillion in the last 24 hours, while trading volume fell 25.24% to US$45.06 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.78% to 2,930.17 in the 24 hours to 8:30 a.m. in Hong Kong. The index gained 1.3% for the week.\nTotal NFT transactions rose 0.64% to US$23.9 million, while transactions on Ethereum dipped 3.70% to US$15.56 million. Bitcoin was the second largest blockchain by NFT transactions, rising 8.56% to US$2.74 million.\nYuga Labs’ Bored and Mutant Ape Yacht Club NFTs were the top selling collections in the last 24 hours. Bored Ape trades rose 1.12% to US$3.07 million, while Mutant Ape surged 23.92% to US$1.05 million.\n“NFT traders are optimistic about the future, and clearly willing to spend as we see from multiple $145k Bored Ape Yacht Club sales, along with a $286k sale, but still the index is just above its all-time low point,” said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News.\nThat indicates investors remain hesitant as a whole, apart from some whales, said Petscher, adding that may be because of a lack of a track record for some projects holding value over time.\nThe Gods Unchained Cards NFT collection from ImmutableX was the third most traded collection, even as transactions fell 8.75% to US$754,805. ImmutableannouncedWednesday that its NFT trading card game Gods Unchained is now listed on game distribution platform Epic Games Store, which has over 230 million customers.\n“Lots of eyes on Azuki tomorrow as they have a big event in Las Vegas,” Petscher said.Azuki, the Japanese anime-inspired NFT collection of 10,000 generative avatars, became one of the most popular collections since its debut in January 2022 and still holds an active community.\nAzuki is the eighth most traded collection according to Cryptoslam data, with US$537,366 worth of transactions over the past day. “We’re watching to see what big announcements they may have – a new token, or possibly a game? Azuki has a track record of delivering on hype,” Petscher said.\nElsewhere, Swiss-based multinational food manufacturerNestlé S.A.and U.S.-based snack brandSlim Jimboth announced the launch of NFT collections, signaling continued mainstream interest in the blockchain-powered technology.\nU.S. stock futures traded lower as of 9:30 a.m. in Hong Kong, following a mixed regular trading session on Thursday.\nDow Jones Industrial Average futures slipped 0.06%, S&P 500 futures lost 0.11%, while Nasdaq futures inched down 0.084%.\nTech stocks gained in the Thursday session performed well with Apple Inc. setting a new record high of US$187, while Amazon.com Inc. and Tesla Inc. also rising.\nOn the U.S. battlefront against inflation, Federal Reserve Chairman Jerome Powell told the U.S. Congress on Tuesday and Thursday this week that the central bank is in consensus that more interest rate increases are likely this year to control high price pressure. The U.S. inflation rate is currently at around 4.05%, down from last month’s 4.93% but still far from Fed’s target of 2%.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed paused rate hikes at the last meeting on June 14, but indicated two more hikes this year to bring rates to around 5.6%.\nThe Federal Reserve’s next meeting on interest rates is July 26 and the majority view is they will raise. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, up from 71.9% on Thursday, and a 23.1% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world\x92s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano\x92s ADA token gaining and Binance\x92s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin\x92s rally. Crypto Bitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world\x92s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33. Ether was little changed, rising 0.02% to US$1,879.66 to gain 12.87% for the week. BlackRock Inc.,the world\x92s largest asset manager with US$8.59 trillion under management at the end of 2022, filed an application on June 15 for a Bitcoin exchange-traded fund (ETF). Two more U.S.-based asset managers \x97 WisdomTree and Invesco \x97 also filed Bitcoin ETF applications this week. \x93Major cryptocurrencies were seeing strong performances this week \x97 Traders reacted positively to the possibility of seeing a Bitcoin ETF come to market,\x94 Denys Peleshok, head of Asia at Belize-based financial brokerage CPT Markets, in email comments. \x93A successful launch of a bitcoin ETF could open the way for more inflows from individuals and professional investors alike,\x94 Peleshok added. \x93The investment vehicle could lower the barrier of entry into the market and attract significant volumes of investment into bitcoin in particular.\x94 Boston-based Fidelity Investments, another major financial services company that managed US$4.2 trillion as of the first quarter of 2023, is also said to be preparing to file a Bitcoin ETF application. In another encouraging move for institutional adoption of crypto, EDX Markets opened for business on Tuesday as a New Jersey-based digital asset exchange backed by Wall Street firms such as Citadel Securities, Fidelity Investments and Charles Schwab Corp. EDX said U.S. regulatory compliance is a core feature of its operations. Story continues These moves by traditional finance follow the crackdown on the U.S. crypto sector this month by the Securities and Exchange Commission (SEC), which filed lawsuits against the Binance.US and Coinbase exchanges. The SEC alleges they illegally traded cryptocurrencies that should have been registered as financial securities, among other charges. \x93[Bitcoin could] continue benefiting from its status as a quasi-commodity when most other digital assets are considered securities by regulators. As a result, Bitcoin could emerge as a winner from the SEC\x92s legal efforts,\x94 said Peleshok of CPT Markets. U.S. Federal Reserve Chairman Jerome Powell commented on Bitcoin during a monetary policy hearing on Capitol Hill this week, describing the token as having \x93staying power\x94 as an asset class. Meanwhile, Mastercard Inc., the world\x92s second largest payment processor, announced Thursday that it will expand its Engage network to embrace more blockchain and digital asset partners. Mastercard Engage connects businesses with qualified technology partners. Other top 10 non-stablecoin cryptocurrencies were mixed, although making weekly gains spearheaded by Bitcoin. Binance\x92s BNB token lost 2.53% to US$242.49 while gaining 2.36% in the past seven days. Cardano\x92s ADA rose 2.21% to US$0.2922, adding 10.90% in the last week. The total cryptocurrency market capitalization rose 0.14% to US$1.17 trillion in the last 24 hours, while trading volume fell 25.24% to US$45.06 billion, according to CoinMarketCap data. NFT looking up The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.78% to 2,930.17 in the 24 hours to 8:30 a.m. in Hong Kong. The index gained 1.3% for the week. Total NFT transactions rose 0.64% to US$23.9 million, while transactions on Ethereum dipped 3.70% to US$15.56 million. Bitcoin was the second largest blockchain by NFT transactions, rising 8.56% to US$2.74 million. Yuga Labs\x92 Bored and Mutant Ape Yacht Club NFTs were the top selling collections in the last 24 hours. Bored Ape trades rose 1.12% to US$3.07 million, while Mutant Ape surged 23.92% to US$1.05 million. \x93NFT traders are optimistic about the future, and clearly willing to spend as we see from multiple $145k Bored Ape Yacht Club sales, along with a $286k sale, but still the index is just above its all-time low point,\x94 said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That indicates investors remain hesitant as a whole, apart from some whales, said Petscher, adding that may be because of a lack of a track record for some projects holding value over time. The Gods Unchained Cards NFT collection from ImmutableX was the third most traded collection, even as transactions fell 8.75% to US$754,805. Immutable announced Wednesday that its NFT trading card game Gods Unchained is now listed on game distribution platform Epic Games Store, which has over 230 million customers. \x93Lots of eyes on Azuki tomorrow as they have a big event in Las Vegas,\x94 Petscher said. Azuki , the Japanese anime-inspired NFT collection of 10,000 generative avatars, became one of the most popular collections since its debut in January 2022 and still holds an active community. Azuki is the eighth most traded collection according to Cryptoslam data, with US$537,366 worth of transactions over the past day. \x93We\x92re watching to see what big announcements they may have \x96 a new token, or possibly a game? Azuki has a track record of delivering on hype,\x94 Petscher said. Elsewhere, Swiss-based multinational food manufacturer Nestlé S.A. and U.S.-based snack brand Slim Jim both announced the launch of NFT collections, signaling continued mainstream interest in the blockchain-powered technology. Equity futures edge down Federal Reserve Chairman Jerome Powell \| Getty Images U.S. stock futures traded lower as of 9:30 a.m. in Hong Kong, following a mixed regular trading session on Thursday. Dow Jones Industrial Average futures slipped 0.06%, S&P 500 futures lost 0.11%, while Nasdaq futures inched down 0.084%. Tech stocks gained in the Thursday session performed well with Apple Inc. setting a new record high of US$187, while Amazon.com Inc. and Tesla Inc. also rising. On the U.S. battlefront against inflation, Federal Reserve Chairman Jerome Powell told the U.S. Congress on Tuesday and Thursday this week that the central bank is in consensus that more interest rate increases are likely this year to control high price pressure. The U.S. inflation rate is currently at around 4.05%, down from last month\x92s 4.93% but still far from Fed\x92s target of 2%. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed paused rate hikes at the last meeting on June 14, but indicated two more hikes this year to bring rates to around 5.6%. The Federal Reserve\x92s next meeting on interest rates is July 26 and the majority view is they will raise. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, up from 71.9% on Thursday, and a 23.1% chance the Fed will leave rates unchanged. (Updates to add equities section)', 'Bitcoin rose and held above US$30,000 in Friday morning trading in Asia, holding onto the strong gains made this week on the back of growing institutional interest in the world’s largest cryptocurrency by market capitalization. Ether was little changed. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA token gaining and Binance’s BNB losing ground. Overall, most tokens were holding weekly gains spurred by Bitcoin’s rally.\nBitcoin rose 0.33% over the last 24 hours to US$30,056.27 at 6:30 a.m. in Hong Kong, up 17.52% for the past week, according to CoinMarketCap data. The world’s largest cryptocurrency broke through resistance at US$30,000 early morning on Thursday for the first time since April, reaching a high of US$30,737.33.\nEther was little changed, rising 0.02% to US$1,879.66 to gain 12.87% for the week.\nBlackRock Inc.,the world’s largest asset manager with US$8.59 trillion under management at the end of 2022, filed an application on June 15 for a Bitcoin exchange-traded fund (ETF). Two more U.S.-based asset managers — WisdomTree and Invesco — also filed Bitcoin ETF applications this week.\n“Major cryptocurrencies were seeing strong performances this week — Traders reacted positively to the possibility of seeing a Bitcoin ETF come to market,” Denys Peleshok, head of Asia at Belize-based financial brokerage CPT Markets, in email comments.\n“A successful launch of a bitcoin ETF could open the way for more inflows from individuals and professional investors alike,” Peleshok added. “The investment vehicle could lower the barrier of entry into the market and attract significant volumes of investment into bitcoin in particular.”\nBoston-based Fidelity Investments, another major financial services company that managed US$4.2 trillion as of the first quarter of 2023, is alsosaidto be preparing to file a Bitcoin ETF application.\nIn another encouraging move for institutional adoption of crypto, EDX Marketsopened for businesson Tuesday as a New Jersey-based digital asset exchange backed by Wall Street firms such as Citadel Securities, Fidelity Investments and Charles Schwab Corp. EDX said U.S. regulatory compliance is a core feature of its operations.\nThese moves by traditional finance follow the crackdown on the U.S. crypto sector this month by the Securities and Exchange Commission (SEC), which filed lawsuits against the Binance.US and Coinbase exchanges. The SEC alleges they illegally traded cryptocurrencies that should have been registered as financial securities, among other charges.\n“[Bitcoin could] continue benefiting from its status as a quasi-commodity when most other digital assets are considered securities by regulators. As a result, Bitcoin could emerge as a winner from the SEC’s legal efforts,” said Peleshok of CPT Markets.\nU.S. Federal Reserve Chairman Jerome Powellcommentedon Bitcoin during a monetary policy hearing on Capitol Hill this week, describing the token as having “staying power” as an asset class.\nMeanwhile, Mastercard Inc., the world’s second largest payment processor,announcedThursday that it will expand its Engage network to embrace more blockchain and digital asset partners. Mastercard Engage connects businesses with qualified technology partners.\nOther top 10 non-stablecoin cryptocurrencies were mixed, although making weekly gains spearheaded by Bitcoin. Binance’s BNB token lost 2.53% to US$242.49 while gaining 2.36% in the past seven days.\nCardano’s ADA rose 2.21% to US$0.2922, adding 10.90% in the last week.\nThe total cryptocurrency market capitalization rose 0.14% to US$1.17 trillion in the last 24 hours, while trading volume fell 25.24% to US$45.06 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.78% to 2,930.17 in the 24 hours to 8:30 a.m. in Hong Kong. The index gained 1.3% for the week.\nTotal NFT transactions rose 0.64% to US$23.9 million, while transactions on Ethereum dipped 3.70% to US$15.56 million. Bitcoin was the second largest blockchain by NFT transactions, rising 8.56% to US$2.74 million.\nYuga Labs’ Bored and Mutant Ape Yacht Club NFTs were the top selling collections in the last 24 hours. Bored Ape trades rose 1.12% to US$3.07 million, while Mutant Ape surged 23.92% to US$1.05 million.\n“NFT traders are optimistic about the future, and clearly willing to spend as we see from multiple $145k Bored Ape Yacht Club sales, along with a $286k sale, but still the index is just above its all-time low point,” said Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News.\nThat indicates investors remain hesitant as a whole, apart from some whales, said Petscher, adding that may be because of a lack of a track record for some projects holding value over time.\nThe Gods Unchained Cards NFT collection from ImmutableX was the third most traded collection, even as transactions fell 8.75% to US$754,805. ImmutableannouncedWednesday that its NFT trading card game Gods Unchained is now listed on game distribution platform Epic Games Store, which has over 230 million customers.\n“Lots of eyes on Azuki tomorrow as they have a big event in Las Vegas,” Petscher said.Azuki, the Japanese anime-inspired NFT collection of 10,000 generative avatars, became one of the most popular collections since its debut in January 2022 and still holds an active community.\nAzuki is the eighth most traded collection according to Cryptoslam data, with US$537,366 worth of transactions over the past day. “We’re watching to see what big announcements they may have – a new token, or possibly a game? Azuki has a track record of delivering on hype,” Petscher said.\nElsewhere, Swiss-based multinational food manufacturerNestlé S.A.and U.S.-based snack brandSlim Jimboth announced the launch of NFT collections, signaling continued mainstream interest in the blockchain-powered technology.\nU.S. stock futures traded lower as of 9:30 a.m. in Hong Kong, following a mixed regular trading session on Thursday.\nDow Jones Industrial Average futures slipped 0.06%, S&P 500 futures lost 0.11%, while Nasdaq futures inched down 0.084%.\nTech stocks gained in the Thursday session performed well with Apple Inc. setting a new record high of US$187, while Amazon.com Inc. and Tesla Inc. also rising.\nOn the U.S. battlefront against inflation, Federal Reserve Chairman Jerome Powell told the U.S. Congress on Tuesday and Thursday this week that the central bank is in consensus that more interest rate increases are likely this year to control high price pressure. The U.S. inflation rate is currently at around 4.05%, down from last month’s 4.93% but still far from Fed’s target of 2%.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The Fed paused rate hikes at the last meeting on June 14, but indicated two more hikes this year to bring rates to around 5.6%.\nThe Federal Reserve’s next meeting on interest rates is July 26 and the majority view is they will raise. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, up from 71.9% on Thursday, and a 23.1% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin momentum stalls, but the asset holds firm over $30K.\nInsights:Why do BlackRock and other financial service giants want to offer spot bitcoin ETFs? They want to make money.\nCoinDesk Market Index (CMI)\n1,223\n−9.6▼0.8%\nBitcoin (BTC)\n$30,006\n−124.1▼0.4%\nEthereum (ETH)\n$1,880\n−33.7▼1.8%\nS&P 500\n4,381.89\n+16.2▲0.4%\nGold\n$1,925\n−8.7▼0.5%\nNikkei 225\n33,264.88\n−310.3▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,223", "\\u22129.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,006", "\\u2212124.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,880", "\\u221233.7\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,381.89", "+16.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "\\u22128.7\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,264.88", "\\u2212310.3\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Over $30K\nAs Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000.\nThe largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock, the world\'s largest asset manager, have buoyed investors who had had been reeling earlier this month when the SEC filed lawsuits against exchange powerhouses Binance and Coinbase.\nThose suits continue to cloud crypto\'s future in the U.S., and the agency has yet to approve any of the more than half-dozen ETF applications presented in recent years, or indicate that it is ready to change its mind.\n"This is truly welcome news for the market, but perhaps not quite the beginning of the end of the bear market," Tim Frost, CEO of digital wealth platform Yield App, noted cautiously in an email to CoinDesk. "This pump is likely down to a lot of institutional buying on BlackRock and other institutions’ applications for a Bitcoin spot ETF, which have not been approved. And, if these get rejected by the US SEC like all the others, this may well lead to another tumble."\nEther, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time. ETH had been holding steady above $1,900 after regaining this level the previous days for the first time since the start of the month.\nOther major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, theCoinDesk Market Index, a measure of crypto markets performance, sank into negative territory and was recently down 0.9%.\nThe tech-heavy Nasdaq Composite and S&P 500 closed up 0.8% and 0.2%, respectively, shrugging off a reiteration of hawkish remarks by Federal Reserve Chair Jerome Powell. The U.S. central bank said last week that it likely would resume interest rate hikes later this year after ending a more than year-long diet of increases.\nYield App\'s Frost wrote that the most recent surge would "not be particularly welcome news as this pump is entirely due to centralized institutions in traditional finance becoming more interested (in crypto)."\nBut he added: "These detractors should really think about the future. Cryptocurrency cannot stay in its own echo chamber forever and it must be accepted and bought by institutions if it is to truly grow and expand."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.3%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22125.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nWhat Is BlackRock\'s Motivation?\nThe institutions are taking a fresh look at crypto and they’re flooding in.\nLast week, BlackRock (BLK) applied for aspot bitcoin exchange-trade fund (ETF). This week, another comically large asset manager in Invesco (IVZ)reapplied for approval to offer a spot bitcoin ETF. The less-comically large ETF-sponsor WisdomTree alsorefiled for a spot bitcoinproduct yesterday (WisdomTree’s filing was initiallyrejected by the SECin 2022).\nElsewhere in non-bitcoin crypto, acrypto exchange backed by Fidelity, Schwab and Citadel Securitieslaunched in the United States andDeutsche Bank applied for a digital assetlicense in Germany.\nSo yes, the institutions are back. But why did $10 trillion asset manager BlackRock and $1.5 trillion asset manager Invesco decide it was time for the spot bitcoin ETF again? Many have offered convoluted and tinfoil-hat theories (some which I quite like).\nTheories like BlackRock is scrambling to backstop Coinbase for some reason or the big firms are acting on behalf of three letter agencies to keep self-custodied bitcoin away from everyday people or that Wall Street can’t let the crypto crowd get too far ahead of them.\nThere are more theories out there, but here’s a much simpler one: Financial institutions like making money and offering a spot bitcoin ETF is a way to make money.\nRead the full storyhere:\nETHGlobal (Toronto)\n8:17 a.m. HKT/SGT(12:17 a.m. UTC):Jibun Bank Manufacturing/Services PMIs (June preliminary)\n5:15 p.m. HKT/SGT(9:15 a.m. UTC):St. Louis Fed President James Bullard speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Crosses $30K; Crypto Exchange Backed by Fidelity, Schwab Launches With Additional Investors\nBitcoin (BTC) extended its rally after surpassing the $30,000 mark for the second time this year the day before. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis as Federal Reserve Chair Jerome Powell geared up for another day on Capitol Hill testifying before lawmakers regarding the central bank\'s semiannual monetary policy report. Plus, EDX Markets CEO Jamil Nazarali discussed the launch of its digital asset market and the latest investment round with new equity partners. And, the Chamber of Digital Commerce founder and CEO Perianne Boring weighed in on the latest U.S. House hearing regarding SEC oversight.\nNFL Rivals Scores 1M Downloads for NFT-Based Mobile Game:The game hit the milestone in under two months since its release in the Google Play and Apple Stores.\nPrime Trust Has \'Shortfall of Customer Funds,\' Nevada Regulator Says:Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday.\nCFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam:The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC.\nStablecoin Movement May Hint Strongly at Asset Prices\' Path Forward:A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment.\nIt’s Game On for Web3: How Gaming Will Onboard a Billion People:As we look to onboard new users into Web3, experts argue that gaming is the ideal vehicle for adoption “because there are so many gamers in the world who are already used to trading digital items and buying digital things.”', 'Good morning. Here’s what’s happening: Prices: Bitcoin momentum stalls, but the asset holds firm over $30K. Insights: Why do BlackRock and other financial service giants want to offer spot bitcoin ETFs? They want to make money. Prices CoinDesk Market Index (CMI) 1,223 −9.6 ▼ 0.8% Bitcoin (BTC) $30,006 −124.1 ▼ 0.4% Ethereum (ETH) $1,880 −33.7 ▼ 1.8% S&P 500 4,381.89 +16.2 ▲ 0.4% Gold $1,925 −8.7 ▼ 0.5% Nikkei 225 33,264.88 −310.3 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,223 −9.6 ▼ 0.8% Bitcoin (BTC) $30,006 −124.1 ▼ 0.4% Ethereum (ETH) $1,880 −33.7 ▼ 1.8% S&P 500 4,381.89 +16.2 ▲ 0.4% Gold $1,925 −8.7 ▼ 0.5% Nikkei 225 33,264.88 −310.3 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Steady Over $30K As Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000. The largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock, the world\'s largest asset manager, have buoyed investors who had had been reeling earlier this month when the SEC filed lawsuits against exchange powerhouses Binance and Coinbase. Those suits continue to cloud crypto\'s future in the U.S., and the agency has yet to approve any of the more than half-dozen ETF applications presented in recent years, or indicate that it is ready to change its mind. "This is truly welcome news for the market, but perhaps not quite the beginning of the end of the bear market," Tim Frost, CEO of digital wealth platform Yield App, noted cautiously in an email to CoinDesk. "This pump is likely down to a lot of institutional buying on BlackRock and other institutions’ applications for a Bitcoin spot ETF, which have not been approved. And, if these get rejected by the US SEC like all the others, this may well lead to another tumble." Story continues Ether, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time. ETH had been holding steady above $1,900 after regaining this level the previous days for the first time since the start of the month. Other major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, the CoinDesk Market Index , a measure of crypto markets performance, sank into negative territory and was recently down 0.9%. The tech-heavy Nasdaq Composite and S&P 500 closed up 0.8% and 0.2%, respectively, shrugging off a reiteration of hawkish remarks by Federal Reserve Chair Jerome Powell. The U.S. central bank said last week that it likely would resume interest rate hikes later this year after ending a more than year-long diet of increases. Yield App\'s Frost wrote that the most recent surge would "not be particularly welcome news as this pump is entirely due to centralized institutions in traditional finance becoming more interested (in crypto)." But he added: "These detractors should really think about the future. Cryptocurrency cannot stay in its own echo chamber forever and it must be accepted and bought by institutions if it is to truly grow and expand." Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +2.3% Currency Terra LUNA +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −5.5% Entertainment Solana SOL −5.2% Smart Contract Platform Loopring LRC −3.3% Smart Contract Platform Insights What Is BlackRock\'s Motivation? The institutions are taking a fresh look at crypto and they’re flooding in. Last week, BlackRock (BLK) applied for a spot bitcoin exchange-trade fund (ETF) . This week, another comically large asset manager in Invesco (IVZ) reapplied for approval to offer a spot bitcoin ETF . The less-comically large ETF-sponsor WisdomTree also refiled for a spot bitcoin product yesterday (WisdomTree’s filing was initially rejected by the SEC in 2022). Elsewhere in non-bitcoin crypto, a crypto exchange backed by Fidelity, Schwab and Citadel Securities launched in the United States and Deutsche Bank applied for a digital asset license in Germany. So yes, the institutions are back. But why did $10 trillion asset manager BlackRock and $1.5 trillion asset manager Invesco decide it was time for the spot bitcoin ETF again? Many have offered convoluted and tinfoil-hat theories (some which I quite like). Theories like BlackRock is scrambling to backstop Coinbase for some reason or the big firms are acting on behalf of three letter agencies to keep self-custodied bitcoin away from everyday people or that Wall Street can’t let the crypto crowd get too far ahead of them. There are more theories out there, but here’s a much simpler one: Financial institutions like making money and offering a spot bitcoin ETF is a way to make money. Read the full story here : Important events. ETHGlobal (Toronto) 8:17 a.m. HKT/SGT(12:17 a.m. UTC): Jibun Bank Manufacturing/Services PMIs (June preliminary) 5:15 p.m. HKT/SGT(9:15 a.m. UTC): St. Louis Fed President James Bullard speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Crosses $30K; Crypto Exchange Backed by Fidelity, Schwab Launches With Additional Investors Bitcoin (BTC) extended its rally after surpassing the $30,000 mark for the second time this year the day before. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis as Federal Reserve Chair Jerome Powell geared up for another day on Capitol Hill testifying before lawmakers regarding the central bank\'s semiannual monetary policy report. Plus, EDX Markets CEO Jamil Nazarali discussed the launch of its digital asset market and the latest investment round with new equity partners. And, the Chamber of Digital Commerce founder and CEO Perianne Boring weighed in on the latest U.S. House hearing regarding SEC oversight. Headlines NFL Rivals Scores 1M Downloads for NFT-Based Mobile Game: The game hit the milestone in under two months since its release in the Google Play and Apple Stores. Prime Trust Has \'Shortfall of Customer Funds,\' Nevada Regulator Says: Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday. CFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam: The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC. Stablecoin Movement May Hint Strongly at Asset Prices\' Path Forward: A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment. It’s Game On for Web3: How Gaming Will Onboard a Billion People: As we look to onboard new users into Web3, experts argue that gaming is the ideal vehicle for adoption “because there are so many gamers in the world who are already used to trading digital items and buying digital things.”', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin momentum stalls, but the asset holds firm over $30K.\nInsights:Why do BlackRock and other financial service giants want to offer spot bitcoin ETFs? They want to make money.\nCoinDesk Market Index (CMI)\n1,223\n−9.6▼0.8%\nBitcoin (BTC)\n$30,006\n−124.1▼0.4%\nEthereum (ETH)\n$1,880\n−33.7▼1.8%\nS&P 500\n4,381.89\n+16.2▲0.4%\nGold\n$1,925\n−8.7▼0.5%\nNikkei 225\n33,264.88\n−310.3▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,223", "\\u22129.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,006", "\\u2212124.1\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,880", "\\u221233.7\\u25bc1.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,381.89", "+16.2\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "\\u22128.7\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,264.88", "\\u2212310.3\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Over $30K\nAs Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000.\nThe largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock, the world\'s largest asset manager, have buoyed investors who had had been reeling earlier this month when the SEC filed lawsuits against exchange powerhouses Binance and Coinbase.\nThose suits continue to cloud crypto\'s future in the U.S., and the agency has yet to approve any of the more than half-dozen ETF applications presented in recent years, or indicate that it is ready to change its mind.\n"This is truly welcome news for the market, but perhaps not quite the beginning of the end of the bear market," Tim Frost, CEO of digital wealth platform Yield App, noted cautiously in an email to CoinDesk. "This pump is likely down to a lot of institutional buying on BlackRock and other institutions’ applications for a Bitcoin spot ETF, which have not been approved. And, if these get rejected by the US SEC like all the others, this may well lead to another tumble."\nEther, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time. ETH had been holding steady above $1,900 after regaining this level the previous days for the first time since the start of the month.\nOther major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, theCoinDesk Market Index, a measure of crypto markets performance, sank into negative territory and was recently down 0.9%.\nThe tech-heavy Nasdaq Composite and S&P 500 closed up 0.8% and 0.2%, respectively, shrugging off a reiteration of hawkish remarks by Federal Reserve Chair Jerome Powell. The U.S. central bank said last week that it likely would resume interest rate hikes later this year after ending a more than year-long diet of increases.\nYield App\'s Frost wrote that the most recent surge would "not be particularly welcome news as this pump is entirely due to centralized institutions in traditional finance becoming more interested (in crypto)."\nBut he added: "These detractors should really think about the future. Cryptocurrency cannot stay in its own echo chamber forever and it must be accepted and bought by institutions if it is to truly grow and expand."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.3%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22125.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nWhat Is BlackRock\'s Motivation?\nThe institutions are taking a fresh look at crypto and they’re flooding in.\nLast week, BlackRock (BLK) applied for aspot bitcoin exchange-trade fund (ETF). This week, another comically large asset manager in Invesco (IVZ)reapplied for approval to offer a spot bitcoin ETF. The less-comically large ETF-sponsor WisdomTree alsorefiled for a spot bitcoinproduct yesterday (WisdomTree’s filing was initiallyrejected by the SECin 2022).\nElsewhere in non-bitcoin crypto, acrypto exchange backed by Fidelity, Schwab and Citadel Securitieslaunched in the United States andDeutsche Bank applied for a digital assetlicense in Germany.\nSo yes, the institutions are back. But why did $10 trillion asset manager BlackRock and $1.5 trillion asset manager Invesco decide it was time for the spot bitcoin ETF again? Many have offered convoluted and tinfoil-hat theories (some which I quite like).\nTheories like BlackRock is scrambling to backstop Coinbase for some reason or the big firms are acting on behalf of three letter agencies to keep self-custodied bitcoin away from everyday people or that Wall Street can’t let the crypto crowd get too far ahead of them.\nThere are more theories out there, but here’s a much simpler one: Financial institutions like making money and offering a spot bitcoin ETF is a way to make money.\nRead the full storyhere:\nETHGlobal (Toronto)\n8:17 a.m. HKT/SGT(12:17 a.m. UTC):Jibun Bank Manufacturing/Services PMIs (June preliminary)\n5:15 p.m. HKT/SGT(9:15 a.m. UTC):St. Louis Fed President James Bullard speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Crosses $30K; Crypto Exchange Backed by Fidelity, Schwab Launches With Additional Investors\nBitcoin (BTC) extended its rally after surpassing the $30,000 mark for the second time this year the day before. Tactive Wealth advisor Eddy Gifford shared his crypto markets analysis as Federal Reserve Chair Jerome Powell geared up for another day on Capitol Hill testifying before lawmakers regarding the central bank\'s semiannual monetary policy report. Plus, EDX Markets CEO Jamil Nazarali discussed the launch of its digital asset market and the latest investment round with new equity partners. And, the Chamber of Digital Commerce founder and CEO Perianne Boring weighed in on the latest U.S. House hearing regarding SEC oversight.\nNFL Rivals Scores 1M Downloads for NFT-Based Mobile Game:The game hit the milestone in under two months since its release in the Google Play and Apple Stores.\nPrime Trust Has \'Shortfall of Customer Funds,\' Nevada Regulator Says:Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday.\nCFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam:The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC.\nStablecoin Movement May Hint Strongly at Asset Prices\' Path Forward:A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment.\nIt’s Game On for Web3: How Gaming Will Onboard a Billion People:As we look to onboard new users into Web3, experts argue that gaming is the ideal vehicle for adoption “because there are so many gamers in the world who are already used to trading digital items and buying digital things.”', 'It’s no secret that thedecentralized financeecosystem is rapidly expanding, with more protocols and apps emerging every day. To stand out in such a crowded space, airdrops have become a go-to strategy for many DeFi projects to attract users and build a community.\nHowever, recent events have highlighted the risks associated with airdrops. In particular, the recentArbitrumairdrop was not without itsmishaps. Although users were able to claim over US$1 billion worth of tokens, the process was marred by bugs, frustrations and scammers looking to take advantage of the chaos. This serves as a stark reminder that security in DeFi should always be a top priority, and airdrops can pose significant risks if not executed properly.\nThe importance of security in DeFi cannot be overstated. With the rise of DeFi comes the risk of hacks, exploits and other security vulnerabilities. In 2022, crypto hackers stole at least US$3.8 billion — more than 80% of which was suffered by DeFi.\nAs the industry continues to mature, the community must prioritize security measures to ensure that users are protected and that the ecosystem can continue to grow and thrive. Unfortunately, wallets used in token airdrops have been found to be a significant source of security risks, exposing DeFi to potential vulnerabilities.\nWallets play a crucial role in token airdrops as they are the primary tool used to distribute tokens to participants. In a token airdrop, a company or project will distribute a certain number of tokens to users who complete a specific action.\nTo receive these tokens, users typically need to provide a wallet address where the tokens can be sent. Without a crypto wallet, it is not possible to participate in an airdrop, and the potential rewards will be lost. Therefore, owning a crypto wallet is a necessary first step to participating in any airdrop.\nTokens received during an airdrop can be stored in the wallet and held for the long term, or they can be sold on a cryptocurrency exchange. Regardless of the strategy, having a reliable wallet prevents the loss of tokens and provides a way to access them.\nBy requiring users to hold a crypto wallet, airdrops encourage new users to become familiar with and use cryptocurrencies. This ultimately leads to greater adoption and acceptance of cryptocurrencies, which benefits the entire industry.\nOne of the primary security risks posed by wallets in DeFi is the underlying algorithm that generates the recovery phrase for new wallets. If the algorithm is weak and generates not-so-random phrases, it can be cracked or guessed by a program, leading to the theft of the assets stored in the wallet. This has been a problem for many years and is still a concern in the current Web3 era.\nWallets are also vulnerable to attacks and hacks due to the keys being stored in individual devices. A compromised phone or computer can give hackers access to the wallet, potentially leading to the theft of assets.\nAdditionally, wallet providers storing recovery phrases somewhere without user knowledge, as inthe case of the Slope wallet, can lead to data breaches that leave all wallets vulnerable. As DeFi becomes more popular and valuable, attackers will become more sophisticated, and wallet providers must stay vigilant to stay ahead of these risks.\nThere have been several high-profile security breaches involving wallets, highlighting the need for increased security measures. In one example, a scammer swindledUS$8 millionin Bitcoin and Ether by targeting users who wanted to get airdrops from Uniswap, a popular decentralized crypto exchange. The scammer posed as a representative of Uniswap and tricked users into providing their wallet information, allowing the scammer to gain access and steal their assets. Another example is theUS$300,000stolen by fake Blur airdrop websites, where users were directed to download a wallet app that was actually a phishing tool designed to steal their assets.\nTo minimize security risks associated with the claim process, airdropping tokens directly to eligible wallets is the best practice. By doing this, scams and other security issues that may arise during the claim process can be avoided. To ensure the success of airdrops, protocols and decentralized apps should communicate their airdrop plans to the community right from the start. Effective communication will help the community understand the process and prevent any misunderstandings.\nAnother best practice in securing wallets during DeFi token airdrops is to have ahot walletfor testing new protocols with fewer tokens and a cold wallet for storing the major portf Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $582,691,848,975 - Hash Rate: 325294307.5702325 - Transaction Count: 374001.0 - Unique Addresses: 707501.0 Social & AI Sentiment: - Fear & Greed Index: 0.65 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:Bitcoin was trading over $27K to recover some lost ground from its plunge last week. Insights:The stablecoin supply ratio drop of the past 11 days suggests a potential increase in buying power for stablecoins. CoinDesk Market Index (CMI) 1,158 +8.4▲0.7% Bitcoin (BTC) $27,165 +433.8▲1.6% Ethereum (ETH) $1,820 +23.6▲1.3% S&P 500 4,124.08 −6.5▼0.2% Gold $2,020 +5.4▲0.3% Nikkei 225 29,388.30 +261.6▲0.9% BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) [["1,158", "+8.4\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$27,165", "+433.8\u25b21.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,820", "+23.6\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,124.08", "\u22126.5\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,020", "+5.4\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["29,388.30", "+261.6\u25b20.9%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}] Hopeful Signs for BTC at $27K After seven days of plunging prices, bitcoin steadied. The largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties. "Financial markets in general (are) driven by risk, by liquidity, and so, not surprising right now, when people are fearing risk assets as a whole, we're seeing large swaths of selling," Ryan Rasmussen, an analyst for crypto fund manager Bitwise, told CoinDesk TV's "First Mover" program on Friday. "When there's less liquidity, you're going to have larger swings in price whenever an asset (is) sold." But he added: "There will be more liquidity come into crypto." Ether, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday. Other major cryptos moved into green territory as the Asia trading week began with Litecoin recently up more than 5.7%. TheCoinDesk Market Index, a measure of the crypto market's performance, was up 0.8%. Leading Asia indexes were mixed with the Nikkei up about 0.5% but the Hang Seng down 0.2%. Rasmussen noted the declining correlation between crypto and traditional asset markets, which were mixed last week with the tech heavy Nasdaq Composite up slightly over the most recent five days but the S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.2% and 1.1%, respectively. "Any kind of mistrust in traditional financial systems plays into the hands of crypto," Rasmussen said, adding: "I'm happy to see the correlation fall between traditional risk assets, traditional equities and crypto." In an email to CoinDesk, Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, noted that the current "macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive." This week, DiPasquale is looking for bitcoin's price to hold steady in a range between $25,000 and $27,000 "before bouncing toward $30K again." "We don’t think the market needs a catalyst in the immediate term," he wrote. "It is only a matter of time before we see another major rally." [{"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\u22120.5%", "DACS Sector": "Smart Contract Platform"}] What Does the Recent Stablecoin Supply Ratio Mean for Bitcoin? The Stablecoin Supply Ratio (SSR) has declined approximately 11% over the most recent 11 days, indicating a potential increase in buying pressure for bitcoin. The metric, which measures the ratio of bitcoin’s market capitalization to the market cap of stablecoins, gives insight into the supply-and-demand dynamics between stablecoins (used as a vehicle to purchase cryptocurrencies) and BTC itself. A higher SSR indicates that buying power is weakening, while lower values indicate that buying power is increasing. The recent SSR drop follows a 52% increase between March and May 5. The pivot indicates that additional cash or liquid reserves have entered the market, and could lead to higher BTC prices. 3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting 4:30 p.m. HKT/SGT(8:30 UTC)Bank of England Monetary Policy Report Hearings 5:00 p.m. HKT/SGT(9:00 UTC)Eurozone Industrial Production s.a. (MoM/March) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Bitcoin Touches 2-Month Low; Do Kwon Set To Be Released From Montenegro Jail Bitcoin (BTC) continued to lose ground in the wake of CoinDesk's Bitcoin Trend Indicator, shedding the bullish bias for the first time in three weeks. Bitwise crypto analyst Ryan Rasmussen shared his markets analysis. Separately, Terraform Labs founder Do Kwon was set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues. Plus, Chia Network CEO and President Gene Hoffman discussed the blockchain and smart-contract platform's plans to go public. Wormhole Foundation head of operations Dan Reecer also joined the conversation. Binance Announces Exit from Canada, Citing Regulatory Tensions:The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours:When blocks are not being finalized, it is possible that pending transactions might be re-ordered or dropped from the network. Developers haven't determined the source of the hold-ups, but they are urging for calm amidst the concern and uncertainty. Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s:Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now. MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token:Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance. House Democrats Consider New Stablecoin Bill Proposal, Source:The proposal comes weeks after Republicans introduced their own discussion draft of a new bill.... - Reddit Posts (Sample): [['u/excubitor15379', 'Altcoins performance last cycle', 11, '2023-06-23 00:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14ggu0u/altcoins_performance_last_cycle/', " Hello my dear reddit fellows. I have made simple altcoins analyse I wanted to share it here to hear u out and make a discussion maybe.\n\n \nI take a snapshot of crypto market on the day 16 of dec 2018 – the day BTC was around its lowest price – 3252$ and I decided to check how well altcoin investment would go from there. \n\nSo I picked top 100 crypto by marketcap at that time, but since there were 6 stable coins and I wanted 100 altcoins to analyze I decided to make it for 106 top coins excluding stables at that time (around the bottom of the bearmarket of 2018). \n\n# case one\n\nIn case one I tracked alts movements price from the date of BTC bottom to their ATH around the date of the first ATH of BTC (we got duble top that year). So it wasnt precise date for altcoins I just wanted to see their maximum performance. It is worth noting that it is impossible to buy at the very bottom and sell at the very top, so the case one is made out of curiosity and mostly for fun. I don't believe anyone can achieve those returns with exceptions of some lucky ones. \n\nHere are the results. \n\n \n7 coins died – are no longer tracked by cmc\n\n6 coins would net u lose – they didn't beat their bottom price at BTC ATH on 2021(sic!); for instance: Metaverse ETP (ETP) price at BTC bottom (around mid of December 2018) was 0.6 and at BTC ATH at 2021 was 0.5. So, as u can see, 6 coins wasn't able to net u gain even under the most favorable conditions. The table shows results for all 100 altcoins (number of cases is percentage since they sums up to 100): \n\n\n\nhttps://preview.redd.it/vyb0gnjoxm7b1.png?width=171&format=png&auto=webp&v=enabled&s=4cb6b80bba84e18dd65732a78b989869bdfc29d9\n\n\n\nIf u are skilled enough to buy into the very bottom and sell on the very top, congrats, u would have 87% chance to earn money. The mode in this case is 10-20x what sounds nice, but since it's literally impossible to hit the bottom and the top, at least unless u have perfectly working crystal ball, u shouldn't expect that kind of returns. Just to add, there were only 50% chances to hit 10x and more returns.\n\n# case two\n\nTo be more realistic though, I think we should change conditions a bit. So the next scenario – case two \\- is modified towards more reality. At case two we enter at a price increased by 25% from bottom and sell at the price decreased by 25% from the top (lucky and disciplined trader gj on him). After this adjustments it doesn't look that optimistic – see tab below.\n\n\n\nhttps://preview.redd.it/mhmd99n5ym7b1.png?width=171&format=png&auto=webp&v=enabled&s=d63bccf7c219f5ed1e5091229fdce7262a050c28\n\nAs u can see number of coins that nets u lose doubled. So, u gona lose 19% of time while netting >2-10x about 46% of time. Only 2 coins in that scenario made >50-100x and 3 made >100x. This time mode is >5-10x - not that impressive if u take into account that betting on altcoins is a extreme sport in the crypot universe.\n\n# Now lets see how BTC did under that circumstances. \n\nBTC bottom was around 3252$ . ATH was 64700$. So everyone with perfectly calibrated crystal ball was able to net 19.9x nice. \n\nThe more realistic scenario -case two \\- gives u 11.9x . Still decent but u had to sell BTC at 48500$ what would be challenging af with all that 100k EOY narration around.\n\nPutting this value against cumulated percentage for alts - tab below - shows u got only around 30% chance to meet or beat that 11.9x. And u got only 15% chance to make >20x returns on alts. It doesn't look that good to me anymore. \n\n\n\nhttps://preview.redd.it/eqidprgrym7b1.png?width=256&format=png&auto=webp&v=enabled&s=ee14c9cd1b22ee18ba486b5063a2896a0e58fe03\n\nNow lets assume You divided ur portfolio: 70%BTC 20%ETH 10% alts. In this scenario for every 1000$ invested u would earn ( I will calculate for the more realistic scenario in which ur crystal ball was taken by ur wife to figure out famous stars love affairs): \n \n\n\n\nhttps://preview.redd.it/186ls9bc1n7b1.png?width=341&format=png&auto=webp&v=enabled&s=6821aa87dff1b08c2d640e0a861a95eb5b1c138f\n\n In table above there are 2 averages for alts: 1st one is the arithmetic mean and the 2nd one-the mode which i used in all previous examples - thats why 10% twice in the table; I decided to do it that way to put a bit more spice into the calculation since arithmetic mean is a bit better for alts outcome. \nKeep in mind u had only 30% chance for alts to beat BTC gains (see table with cumulated percentage). So for around 70% of time u would earn less on alts then on BTC, yaiks! \n \n\nSo as a conclusion it seems to me that buying BTC is not only safer but also provided good returns. Ofc u can find alts that did spectacular and if u can do that - good for u, i am full of admiration for u. But it seems alts are really risky play that brings less gains that I supposed they do, before i made that analyze. \n\nI still believe buying right alts at right moment can elevate ur profits by a lot, but as they say: time in the market beats timing the market.\n\nOK that's it folks. I am widely opened for constructive criticism, and gona make more post about alts in the nearest future. GL on ur trades, and don't give BTC to those whales cheaply!\n\nAnd don't worry, i didn't forget of the most important part ;) Here are those alts that made >50x gains:\n\n\n\nhttps://preview.redd.it/3ut113v47n7b1.png?width=420&format=png&auto=webp&v=enabled&s=f277c351a02eb4aaa7fabd8d3d0c657e57aa6c96\n\n \n\n\n\|\|\|\|\n\|:-\|:-\|:-\|\n\|\|\|\|\n\n\n\n\|\|\|\|\n\|:-\|:-\|:-\|\n\|\|\|\|\n\n\n\n\|\|\|\|\n\|:-\|:-\|:-\|\n\|\|\|\|", 'https://www.reddit.com/r/CryptoCurrency/comments/14ggu0u/altcoins_performance_last_cycle/', '14ggu0u', [['u/Onnimation', 11, '2023-06-23 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/14ggu0u/altcoins_performance_last_cycle/jp5fgqw/', "I like to live on the edge so I'm 100% in alts", '14ggu0u']]], ['u/Cinobite', 'I Signed up to Haru about a Month Ago....', 18, '2023-06-23 00:20', 'https://www.reddit.com/r/HaruInvest/comments/14ggxr9/i_signed_up_to_haru_about_a_month_ago/', '1/3 of my BTC and ETH, what makes it worse is that I started in crypto during ATHs, between Cefi going under and ETH fees crypto just feels like throwing money away. I have some low caps which if they 30x to previous highs MIGHT put me back where I started, making the past 2-4 years pointless', 'https://www.reddit.com/r/HaruInvest/comments/14ggxr9/i_signed_up_to_haru_about_a_month_ago/', '14ggxr9', [['u/mykeys71', 23, '2023-06-23 00:49', 'https://www.reddit.com/r/HaruInvest/comments/14ggxr9/i_signed_up_to_haru_about_a_month_ago/jp5iyoc/', 'I had my life savings in Haru (I know it was stupid). I had taken a pay cut at work so I thought I would collect a yield on all my BTC to make up the difference. I now can’t eat, sleep and have no idea how to tell my wife. I’m basically screwed and have lost my retirement.', '14ggxr9']]], ['u/briannaconetta', 'Seema’s gold outfit and bag at the end of Season 2 Episode 2', 43, '2023-06-23 02:48', 'https://www.reddit.com/r/Andjustlikethat/comments/14gka8z/seemas_gold_outfit_and_bag_at_the_end_of_season_2/', 'Was that bag a bitcoin Judith Lieber bag?!?!', 'https://i.redd.it/pidt0x4e0o7b1.jpg', '14gka8z', [['u/Which_way_witcher', 23, '2023-06-23 04:50', 'https://www.reddit.com/r/Andjustlikethat/comments/14gka8z/seemas_gold_outfit_and_bag_at_the_end_of_season_2/jp6d97w/', "Eh, looks like something country bumpkins wear on their big nights out in Chicago. Garish and blingy. Dress might have been fine on its own without that bag. \n\nSeema's first miss and it's a big one.", '14gka8z']]], ['u/kapliger', "Why does this sub celebrate Blackrock's BTC ETF application?", 50, '2023-06-23 03:32', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/', 'I find it irritating that the community that pushes most for decentralisation, self-custody, morals & justice suddenly takes comfort in the fact that the largest, most evil asset management firm in the world files for a spot Bitcoin ETF.\nCan someone explain to me why this is positive for Bitcoin or "the people"?\n\nSimple conclusion from a neutral bystander would be that the majority of Bitcoiners doesn\'t give a damn about the principals of BTC, would switch up in a heartbeat & just wants to be up in terms of fiat, chasing the next pump, no matter which criminal entity supports their agenda. Doesn\'t exactly radiate veracity, does it?', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/', '14gl7zk', [['u/Cereal_Killer001', 106, '2023-06-23 03:36', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp64fqv/', 'bitcoin ETFs do not make sense nor should anyone buy them but I think the reason that people are excited is because it signals one of the largest financial institutions getting bitcoin on its balance sheet. This does multiple things. First, if BlackRock has bitcoin on its balance sheet, it legitimizes the asset to the public and could incentivize more major market movers to follow suit. Secondly, BlackRock has a TON of leverage with the SEC. As much as we hate the SEC, it is nice having a major market mover in your corner to help advocate for bitcoin.', '14gl7zk'], ['u/nigelwiggins', 12, '2023-06-23 03:53', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp66f7x/', 'Number goes up. Not in it for the tech', '14gl7zk'], ['u/StumbleMyMirth', 33, '2023-06-23 03:58', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp6746k/', 'Bitcoin is for everyone.', '14gl7zk'], ['u/399ddf95', 36, '2023-06-23 04:05', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp67wzv/', "Bitcoin is not a sports team. It doesn't need cheerleaders or loyal fans. There's nothing magic about it that makes people who are optimistic about it into good people. In fact, part of why it's awesome is that - unlike fiat systems - it is built including the assumption that people are greedy assholes who only think about themselves, and it functions just fine in that environment. \n\nBitcoin isn't about finding some sort of moral high ground to stand on, above the great unwashed. Bitcoin exists apart from and despite moral arguments for or against it. ~~Honey badger~~Bitcoin don't care.", '14gl7zk'], ['u/dylan6091', 29, '2023-06-23 04:15', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp693ue/', 'I second this.', '14gl7zk'], ['u/zertuval15951', 10, '2023-06-23 04:17', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp69dhm/', 'Simple conclusion? Your conclusion reeks on bias and preconceived ideas lol', '14gl7zk'], ['u/politicalPickle13', 17, '2023-06-23 04:32', 'https://www.reddit.com/r/Bitcoin/comments/14gl7zk/why_does_this_sub_celebrate_blackrocks_btc_etf/jp6b4yo/', "There's too many plebs too dumb to use hardware wallets, no matter how many times you tell them to not enter a seed into a pc, they will in order to encrypt it.\n\nOr falling this they will fall for a phishing scam.\n\nDo these people deserve to have their savings stolen because of rates?\n\nNo. The BTC ETF is for them.\n\nIt's not ideal, they can get sanctioned and cancelled if they piss off blackrock, but it's highly unlikely plebs would be smart enough to be capable of this anyways.", '14gl7zk']]], ['u/UnfilteredAdivce', 'Is it safe to buy bitcoin on a fidelity account?', 28, '2023-06-23 03:41', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/', 'just wondering for a little bit of money\n\napparently you can\'t "withdraw" the bitcoin, like if you want to store it on a wallet with codes and this is scary to hard core bitcoiners \n\nnot sure if that\'s a concern for someone like me just hoping to get lucky and make a few bucks', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/', '14gles9', [['u/astockstonk', 60, '2023-06-23 03:47', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp65qkr/', 'The concern is - not your keys not your coins. \n\nYou do not actually own Bitcoin, you own a Fidelity IOU based on Bitcoin. Fidelity will probably make good on its IOU, but if it doesn’t you don’t own anything.', '14gles9'], ['u/UnfilteredAdivce', 17, '2023-06-23 04:06', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6832x/', "except fidelity wasn't created 5 minutes ago like FTX", '14gles9'], ['u/Pitiful_Difficulty_3', 10, '2023-06-23 05:47', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6jhuu/', "It's safer than Robinhood because fidelity brand name is stronger, but when shit hits the fan. Not your wallet not your coin", '14gles9'], ['u/mskamelot', 56, '2023-06-23 06:42', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6oysk/', "if Fidelity (one of the largest broker/institution in the world) got a problem, we've got a lot bigger problem than viability of bitcoin and what not.", '14gles9'], ['u/Possible-Magazine23', 32, '2023-06-23 07:02', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6qsgu/', 'Unpopular opinion from an OG Bitcoiner here - Yes.\n\nNot your key not your coin is true. But self-custody is still not something mainstream investors could easily get comfortable dealing with. I don\'t see anything wrong for someone who wants BTC exposure to buy on Fidelity, even if that\'s "paper bitty".', '14gles9'], ['u/Grudging3', 13, '2023-06-23 07:59', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp6vr5e/', "If you can't withdraw it to self custody, it's not bitcoin.", '14gles9'], ['u/Betaglutamate2', 20, '2023-06-23 13:48', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp7mpp1/', 'Honestly for 99% of people buying bitcoin on fidelity is safer than self custody.\n\nYou make one small mistake with self custody open a pdf on an email for example your bitcoin are gone.\n\nThere are so many people that have lost access to bitcoin because they forgot their password to their wallet and its gone.\n\nYes if fidelity goes bankrupt you may lose out idk. But most people are way more likely to lose btc with self custody', '14gles9'], ['u/breesyroux', 31, '2023-06-23 14:06', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp7oikw/', 'Not your keys not your coins is ridiculous when dealing with reputable institutions. I keep my money in a bank. How is that different?', '14gles9'], ['u/astockstonk', 19, '2023-06-23 14:14', 'https://www.reddit.com/r/investing/comments/14gles9/is_it_safe_to_buy_bitcoin_on_a_fidelity_account/jp7pe8z/', 'Your money in a bank is FDIC insured. \n\nDon’t get me wrong, I view the risk of a Fidelity default or some sort of malfeasance as low. However, it still exists to some extent. \n\nThe original ethos of Bitcoin was self custody and decentralized finance out of the collapse of the financial system in 2008. So pretty much not having large financial institutions holding massive sums of Bitcoin. \n\nThat doesn’t mean in 2023 that everyone has to think that way. And I am sure that plenty of people will be interested in investing in Bitcoin in a way that involves someone else (Fidelity) being responsible for custody. And which will lead to broader investment in Bitcoin.', '14gles9']]], ['u/Harmz1229', "It's true inverse Cramer never fails. Cramer strikes again!!", 61, '2023-06-23 04:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/', 'Just a little under two weeks ago he said and I quote "Now, what do you do if you\'re involved with these kinds of outfits? The same thing you should\'ve done with the SPACs or the IPOs that were bad or the meme stocks a year and a half ago: GET OUT NOW. Go buy T-bills. I\'m not kidding. Just do that." And this gem "I view this as actually my job now, because how can we make money together if you\'re just going to lose it in these scams and schemes?"\n\nThis is just too funny at this point 🤣you would think he would just randomly get a market prediction right but like clockwork whenever he says something the exact opposite happens. It SEEMED like a good prediction of course at the time with the SEC going after Binance and Coinbase. But then Blackrock and Fidelity happened and the price of Bitcoin went over 30k for the first time in months. So congrats on anyone doing inverse Cramer everytime he makes a prediction. Inverse Cramer isn\'t just a meme or joke anymore. It\'s a solid investing strategy.', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/', '14gm38a', [['u/Every_Hunt_160', 34, '2023-06-23 04:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/jp69ajg/', 'When Cramer says ‘Get out now’, he actually means ‘GET IN NOW with your life savings !!’', '14gm38a'], ['u/FattestLion', 10, '2023-06-23 04:26', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/jp6agzy/', 'Works every time. Now I need Cramer to be bearish on my whole portfolio', '14gm38a'], ['u/eat-sleep-rave', 15, '2023-06-23 04:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14gm38a/its_true_inverse_cramer_never_fails_cramer/jp6aotp/', "At this point, I'm starting to believe that he is secretly trading inverse Cramer himself", '14gm38a']]], ['u/thetimsterr', 'Romance Crypto Pig-Butcher', 95, '2023-06-23 04:44', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/', 'This is a total scam right? I\'m not being stupid? \n\nTLDR: Met a girl on Plenty of Fish, chatted it up, verified she was real via a video call, set up a date after 5 days of talking, and then she started her "crypto investments formula and great returns" spiel. \n\nStory below:\n\nI met a girl on Plenty of Fish. We started chatting and soon she asked for us to go to WhatsApp, so we did.\n\nWe chatted for a day. I learned she was native Belarusian but moved from New Zealand to Cleveland four years ago. She is now recently in Los Angeles (where I live) for a renovation project for the home renovation company her uncle owns. \n\nNext day we chatted and then video called, and I confirmed she matched her pictures. She also spoke with a heavy accent and not great English, which matched the way she texted. I figured she was telling the truth and was the real deal.\n\nCouple days pass and we talked more. She sent a few more pictures of herself and also the renovation project she was working on. She brought up Bitcoin once, which perked my scam radar up, but it was only to ask if I was familiar with it. I said I had done research, and we moved on.\n\nThen yesterday (we\'re at maybe Day 5 now), she said she is really enjoying our conversations and thinks we should set up a date. I said great, how about this weekend, but she said she\'s still busy settling into Los Angeles. So she says how about Friday the 30th? \n\nThen she got pretty pushy about picking a good Italian restaurant for us, since we both liked Italian food. I kept telling her I need time to find one. She said it was important we have a time and place to meet. I\'m like, I KNOW, give me 30 minutes. Finally find a place and we set a date and time. She\'s excited. Says she\'ll reserve movie tickets for us for after dinner at the cinema near our restaurant. I thought, that\'s cool and nice of her to offer, since I was undoubtedly paying for dinner.\n\nThen she sends me a screenshot of a $500 purse she bought that day. My jaw dropped a bit. Red flags going up purely because of the insanity of the price for a purse. She said she made $20k that day with a crypto options trade and used the money to treat herself.\n\nRed flags everywhere.\n\nThe rest of the night she proceeds to explain she has a crypto formula, has a team of people who help her, and plays short term options to make 15%-20% regularly. She says I should get involved too. She says I could make $200 on $1000, if I start small first. She asks if I have 30 minutes to get everything set up.\n\nThen she talks about how she gives to charity, uses the money to flip homes, and trade more crypto. I told her I need to think about it (I really don\'t) and push it off. \n\nToday, she small chatted a bit. I told her I was very busy (truth) so couldn\'t talk about. Then later, she asked again if I have time to get transactions set up. She said trades only take 15-20 minutes and then I can withdraw money to my bank account.\n\nSo yeah, total scam right? Even as I type this, I know it is 100% a scam. Just so friggin\' disappointing. What shocks me is she\'s really who her pictures showed her to be based on the video call we had. Very beautiful woman (not out of my league beautiful) and her story seemed so real. Does anyone think we would have actually met in person? What would her goal be? To build a fake relationship and just suck my finances dry?', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/', '14gmpht', [['u/Mediocre_Airport_576', 172, '2023-06-23 06:35', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6o9va/', ">To build a fake relationship and just suck my finances dry?\n\nUnfortunately, yes.\n\nThe money is fake, and the returns are very, very, very fake.\n\nIf she could make one 20% return trade per day, she'd have $309,149,128,618,848,256 in six months if she started with $1,000. If she did it for just two years, she'd have $7,611,861,206,236,881,694,542,533,218,636,416,267,327,213,364,868,722,200,674,304.", '14gmpht'], ['u/bondgirlMGB', 47, '2023-06-23 07:03', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6qx5u/', 'absolutely a scam.\n\nbeyond the obvious— just ask yourself how many normal girls would be asking/saying those things to a guy she was just beginning to date.\n\nthe answer is absolutely ZERO.', '14gmpht'], ['u/Dry-Candle-5916', 24, '2023-06-23 07:06', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6r5gj/', 'You had me at plenty of fish. Too many red flags.', '14gmpht'], ['u/OWHG1962', 44, '2023-06-23 07:36', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6tuv7/', "That's quite the arbitrary precision calculator you have there!", '14gmpht'], ['u/Uri_nil', 13, '2023-06-23 07:56', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp6vix2/', 'Yes. I have dated over a hundred real people in my life probably (dated! Not sex. I just took a long time to find my wife!). Not one ever asked me to invest with them. \nAfter I knew my wife for maybe 6 months of dating we started to talk about things like that.\n\nOnly scammers tell you about their amazing money making schemes and offer to let you in before your first actual date.', '14gmpht'], ['u/Front-Pomelo-4367', 30, '2023-06-23 09:41', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp73jo0/', "This is the problem with people telling scam victims you weren't even talking to a real woman, it's a teenage boy in Nigeria or whatever\n\nYeah, women are scammers too, and they're often good at it because men confirm that they exist and then promptly trust them. Hell, look at Ruja Ignatova, the so-called Cryptoqueen – she ran one of the biggest crypto Ponzi schemes going. Maybe the woman you're talking to is a small-time scammer, or maybe she's working in a ring of hundreds and scamming a dozen other men at the same time with the same photos\n\nThere's also a pretty high chance that if she's part of a scam ring, she's there by coercion and was trafficked, at least based on what happens to the women involved in East Asian pig butchering scams", '14gmpht'], ['u/Far-Yogurtcloset-114', 13, '2023-06-23 10:02', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp752fk/', "Believe me, if I were making a tremendous amount of money trading crypto, I wouldn't waste my time trying to convince random people on dating apps to invest. No, I'd be living the high life, lounging on a magnificent yacht or flaunting my incredible Lamborghini. Let me tell you, my success would be absolutely tremendous!", '14gmpht'], ['u/MyKidsFoundMyOldUser', 22, '2023-06-23 10:27', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp76v01/', 'Red herrings.', '14gmpht'], ['u/sojumaster', 73, '2023-06-23 12:31', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7fso6/', 'The biggest red flag is saying she moved from ANYWHERE to Cleveland.', '14gmpht'], ['u/bluchill3', 14, '2023-06-23 12:37', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7g8c3/', '🤣🤣🤣 what are these long codes dude?', '14gmpht'], ['u/dersedaydreaming', 25, '2023-06-23 13:11', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7j86b/', "this is totally an aside - $500 is incredibly cheap in the world of luxury handbags lmao. i wonder why she didn't try to impress you with a several thousand dollar purse.", '14gmpht'], ['u/por_que_no', 14, '2023-06-23 14:19', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp7pw58/', ">they would have come up with excuses as to why they can't meet in person \n\nI'd be scared to meet thinking her beefy Belarusan boyfriend would be lurking about to apply physical pressure if her charms didn't work as planned.", '14gmpht'], ['u/Brains4Beauty', 22, '2023-06-23 15:56', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp81pb9/', 'Yes she’s a scammer. But $500 isn’t much for a designer purse lol', '14gmpht'], ['u/memorex1150', 90, '2023-06-23 16:08', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp83csb/', 'Comment is moderator-approved as this moderator moved to Cleveland and is still sad.', '14gmpht'], ['u/ChocChipBananaMuffin', 10, '2023-06-23 16:20', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp84yha/', 'I was surprised his”jaw hit the floor” at $500. While way more than I would spend, it isn’t that much for a luxury purchase.', '14gmpht'], ['u/thetimsterr', 10, '2023-06-23 17:08', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp8bw34/', "Yeah, I always had in my mind that if you're getting scammed, it's cause it's some dude and you didn't properly verify. Now I'm way more cautious. I definitely think it does society an injustice to downplay real women scammers. \n\nThis woman was good, like you say. I'm honestly impressed more than I am embarrassed.", '14gmpht'], ['u/thetimsterr', 11, '2023-06-23 17:09', 'https://www.reddit.com/r/Scams/comments/14gmpht/romance_crypto_pigbutcher/jp8c2hq/', 'Lol. The thought that people would pay even more than that for a purse disturbs me.', '14gmpht']]], ['u/AutoModerator', '[Daily Discussion] - Friday, June 23, 2023', 39, '2023-06-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/', '14go8ch', [['u/NLNico', 16, '2023-06-23 08:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp6x4o3/', 'Holding ~~above~~ around 30k while the hourly RSI is being reset, love to see it (4h RSI still a while to go tho.)\n\nStill would love to long 28-29k but not sure if it will happen. Being out of position (= all-in BTC) feels fine rn.', '14go8ch'], ['u/Znt', 23, '2023-06-23 10:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp76nht/', '* Bull pennant forming up on the 4h.\n* High volume dump attempt failed, we are back at 30k.\n* The clowns who kept on posting messages that said "The trend is down" are liquidated.\n\nGuess what comes next?', '14go8ch'], ['u/de_moon', 15, '2023-06-23 12:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp7hg21/', "It blows my mind that the Mt.Gox collapse was 9 years ago and they still haven't paid anything out. QuadrigaCX happened in 2019 and they're now sending out cheques to people.", '14go8ch'], ['u/ccgirl21', 10, '2023-06-23 15:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp7wudn/', "Comments? (Since I'm bullish now, price can drop?)\n\n* Trend is up.\n* R at 30.6 - 31 -- we are right below. This is the third hit. Previously: April 2023 and June 2022. \n* Next stop 42. \n* S at 28.5 and even stronger at 25.5. \n* MA 50 at 27.2. This is the lowest we can go and still be in an up trend. \n* 4h PA bullish.\n* Wick up.\n* Fiat fleeing alts.", '14go8ch'], ['u/diydude2', 10, '2023-06-23 15:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp7xihp/', 'That would be fantastic -- looking to long.', '14go8ch'], ['u/PurpleFlamingoFarmer', 14, '2023-06-23 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp868ce/', 'RIP to the people shorting a 2 year downtrend we broke out of like 2 months ago. You are the sacrifice we need thank you brothers and sisters', '14go8ch'], ['u/ImpudicusFungus', 12, '2023-06-23 17:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8bhhl/', 'Moment of truth', '14go8ch'], ['u/xixi2', 18, '2023-06-23 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8e1gl/', 'Stocks and Bitcoin are now apparently inverse so I am just sitting at the same $ no matter what happens...', '14go8ch'], ['u/thunderchicken_', 10, '2023-06-23 17:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8g0d8/', 'Can I be hopeful that $42,069 will come again soon now...?', '14go8ch'], ['u/delgrey', 15, '2023-06-23 17:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8ifd5/', '"If you have had an erection that has lasted more than 2 hours, you should go to the nearest emergency department for medical attention."\n\nI need to stop chart watching.', '14go8ch'], ['u/chrisgilesphoto', 10, '2023-06-23 17:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8imph/', "I guess is the SEC is taking aim at all the alts then Bitcoin is where all the money's going.", '14go8ch'], ['u/Euphoricsoul', 14, '2023-06-23 17:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8isqw/', "New yearly high. Let's gooooo", '14go8ch'], ['u/itsthesecans', 11, '2023-06-23 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8j1tn/', 'Is it ok if I take a sip while I’m holding bitcoin’s beer?', '14go8ch'], ['u/Ne0nbeams', 16, '2023-06-23 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8ktcb/', 'Just got back from vacation and seeing bitcoin is up $6k since I left. Just added my DCA to keep this one going. 🫡', '14go8ch'], ['u/PatientlyWaitingfy', 18, '2023-06-23 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8lo08/', "Closing in on Warsder's stop, wonder what's his plan is. It was 10x so it's almost all going to be liquated", '14go8ch'], ['u/pluto098', 13, '2023-06-23 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8lzfw/', "is he still waiting for the black swan consisting of china's invasion of taiwan? lol", '14go8ch'], ['u/delgrey', 12, '2023-06-23 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8m4ah/', 'His black swan is BlackRock I suppose.', '14go8ch'], ['u/BootyPoppinPanda', 22, '2023-06-23 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8m5yy/', 'Go back on vacation plz', '14go8ch'], ['u/BootyPoppinPanda', 15, '2023-06-23 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8n4wv/', 'Top longers gotta get washed out every $1k or so.', '14go8ch'], ['u/pluto098', 11, '2023-06-23 18:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8oy4w/', 'Just as quickly as we went down, we can go up.', '14go8ch'], ['u/Magikarpeles', 10, '2023-06-23 18:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8pbpn/', 'as is tradition', '14go8ch'], ['u/diydude2', 10, '2023-06-23 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8rg2g/', 'Black Rock is more like a white swan -- how paradoxical.', '14go8ch'], ['u/delgrey', 30, '2023-06-23 18:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8ro6v/', 'SEC approves the first United States leveraged Bitcoin futures ETF. Will start trading Tuesday.', '14go8ch'], ['u/jarederaj', 14, '2023-06-23 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8x0op/', '“Short harder” lol.', '14go8ch'], ['u/jarederaj', 11, '2023-06-23 19:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8xoz1/', 'If someone is going to arbitrage it, they need to hold bitcoin. It isn’t ALL artificial… just mostly.\n\nI expect it to mostly increase arb against CME.', '14go8ch'], ['u/pg3crypto', 19, '2023-06-23 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8y18v/', "Or bullish because shorts get rekt hard in this space and squeeze upwards.\n\nBitcoin markets work like a toilet. You take a dump, then pull the chain and it flushes, then the chain springs back up and the bowl is ready for another dump.\n\nYou can't outperform a toilet refilling by dumping harder.", '14go8ch'], ['u/PatientlyWaitingfy', 12, '2023-06-23 19:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8yg0w/', 'Was a good decision to skip TP at 29861. Sold 20% at 30861 from the [BTC bought at 24861](https://www.reddit.com/r/BitcoinMarkets/comments/149s45y/daily_discussion_thursday_june_15_2023/jo7osvu/)\n\nOpened a buy at 27861 with the profits.', '14go8ch'], ['u/PatientlyWaitingfy', 10, '2023-06-23 19:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp8zz19/', "I don't need to get to 27.8k this is a trade which is entirely made from profit, from profit, from profit and so on from the last 6 months.\n\nThis is how I make a possible downside fun and enjoyable.", '14go8ch'], ['u/delgrey', 13, '2023-06-23 20:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9352m/', '[Papa Fink of BlackRock pumping yer btc bags.](https://twitter.com/DocumentingBTC/status/1672303098012770305)', '14go8ch'], ['u/puck2', 10, '2023-06-23 20:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp955cx/', "Wtf, how is this possible but the regular ETF isn't allowed?", '14go8ch'], ['u/_TROLL', 18, '2023-06-23 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp95dsp/', "No, I've only been high for the past 2 weeks... nyuk nyuk nyuk", '14go8ch'], ['u/AccidentalArbitrage', 37, '2023-06-23 20:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp95uyr/', "Mate, it wasn't even 10 days ago you seemed to be having a breakdown over the price: \n\n\n>Kiss this market good bye. \n> \n>We're done till Q2 of next year. \n> \n>It's all over. \n> \n>$15k is a foregone conclusion at this point \n> \n>BTC looking strong af? Lol \n> \n>Fuck this market \n> \n>No bounce. It's all over for us. \n> \n>Gg this market is done for\n\nI'm not trying to give you a hard time, you're a good guy, just trying to remind you that not everything is doom or moon. And next time you feel like you did when you were making those posts, smash that buy button ;)\n\nFor the record, I don't think we see new ATH's this year, I think that will start in mid/late 2024.", '14go8ch'], ['u/ohmygodbeats7', 10, '2023-06-23 20:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp96e14/', 'I just had fun reading all the confident bearish comments in yesterdays thread. I know we can all be wrong at times, but it still puts a smile on my face when shorts get blown up.', '14go8ch'], ['u/xtal_00', 19, '2023-06-23 20:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp99g44/', 'Long still open.\n\nNo time to do detailed analysis, but when in doubt, bet on the exponential trend.', '14go8ch'], ['u/Yodel_And_Hodl_Mode', 10, '2023-06-23 21:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9b0rn/', "> For the record, I don't think we see new ATH's this year, I think that will start in mid/late 2024.\n\nThis has been my thought as well, but I wasn't expecting the next push for ETFs this year. I'm starting to wonder if this will be the cycle when institutional money tries to front run the next halving. That could really drive up prices, and it could exacerbate the effect of the halving (because the halving lowers the incoming supply of new coins by cutting the block reward in half, which means the supply lowers with no correlation to what the market is doing. Even if demand stays flat, lower supply means higher prices).", '14go8ch'], ['u/AccidentalArbitrage', 11, '2023-06-23 21:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9biyu/', "> I'm starting to wonder if this will be the cycle when institutional money tries to front run the next halving.\n\nIt certainly could be. I spent almost all of 2022 buying up all of the despair. I'm locked and loaded and ready either way, just keeping my expectations in check!", '14go8ch'], ['u/_TROLL', 12, '2023-06-23 21:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9c35x/', '> bet on the exponential trend.\n\nThat works both ways, the exponential trend during 2022 was looking more like f(t) = e^-t 🤓', '14go8ch'], ['u/xlmtothemoon', 16, '2023-06-23 21:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9g6dv/', "this sub's entire existence now depends on wardser's liquidation", '14go8ch'], ['u/AccidentalArbitrage', 31, '2023-06-23 21:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9izxv/', 'He lost a ton of paper gains, opportunity cost, etc waiting for "sub $10k".\n\nAnyone trading this range successfully has made way more while wardser sat on this short.\n\nWardser is a good dude, and his strategy can work. But the reason he is infamous in this sub is because:\n\n1. He actually posts his trades\n2. He gets stopped out over and over (entertainment)\n3. He sticks to his guns and doesn\'t let other traders influence his decisions\n\nnot because he gets it right more often than others', '14go8ch'], ['u/PatientlyWaitingfy', 11, '2023-06-23 22:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9mlbu/', 'Oh hes going to lose alot this time. Short is 10x from 30k on the dot. SL is 32555 you do the math...', '14go8ch'], ['u/pluto098', 21, '2023-06-23 22:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9rbzl/', "seeing bitcoin rise is great but it's even sweeter seeing xrp sit still. Fuck that coin.", '14go8ch'], ['u/itsthesecans', 14, '2023-06-23 22:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9rg32/', 'It’s Friday. It’s been a good week. Have a drink. 🙂', '14go8ch'], ['u/Melow-Drama', 11, '2023-06-23 23:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp9vhzd/', "Who doesn't like a man with balls and a plan. Well summarized!", '14go8ch']]], ['u/avaneev', 'Child porn NFTs on Bitcoin network?', 22, '2023-06-23 08:01', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/', 'This is just a hypothesis, but I know of no Bitcoin protocol which can censor contents of NFTs, be them images or MP4 videos.\n\nImagine a situation: a malevolent party invests a large sum of money into ruining a competing blockchain, by creating a variety of illegal porn NFTs. As a result, node owners as carriers of Bitcoin blockchain on harddisks of their computers now provably posses illegal porn, and moreover, become distributors of such porn. Police order and game over.', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/', '14gqfve', [['u/farsightxr20', 15, '2023-06-23 08:20', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/jp6xh29/', "1. There is already illegal content stored on the Bitcoin blockchain\n2. Most NFTs aren't hosted on-chain. The on-chain record is usually just a URL and sometimes a hash of the content, neither of which are illegal.", '14gqfve'], ['u/PixelCruiser', 28, '2023-06-23 15:52', 'https://www.reddit.com/r/CryptoTechnology/comments/14gqfve/child_porn_nfts_on_bitcoin_network/jp816q4/', "Fuck everyone for downvoting OP because this is an interesting question - you could easily store copyrighted or illegal data on-chain on any blockchain and it poses a very interesting question on how it would be removed when it's baked into the chain. See if Disney and all their copyright lawyers can do anything about being able to publicly and easily download their copyrighted material from BSC.", '14gqfve']]], ['u/rBitcoinMod', 'Daily Discussion, June 23, 2023', 48, '2023-06-23 08:04', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14fwbzt/lightning_thursday_june_22_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/', '14gqibs', [['u/Llonga', 10, '2023-06-23 10:58', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp78y10/', 'Let’s push through 30 shall we?', '14gqibs'], ['u/WhiskeyTango311', 10, '2023-06-23 14:01', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp7o08j/', 'water', '14gqibs'], ['u/Altruistic_Baker_423', 12, '2023-06-23 14:54', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp7ttlr/', 'Still cheap. \n\nKeep DCAing.', '14gqibs'], ['u/HurricaneHarvey7', 11, '2023-06-23 17:04', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8ba78/', "If we pass $31k it's going to get crazy", '14gqibs'], ['u/Zwiada', 10, '2023-06-23 17:35', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8fuaa/', 'FOMO train, choo-choo!', '14gqibs'], ['u/ajhimmler', 16, '2023-06-23 17:37', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8g5cl/', 'There is no spoon. 🧘\u200d♀️', '14gqibs'], ['u/what_shes_having1', 10, '2023-06-23 17:44', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8h20g/', 'Yes - but can you answer me this: Wen Lambo?', '14gqibs'], ['u/JohnnyMofo', 18, '2023-06-23 17:44', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8h5vz/', 'Bitcoin wins! FATALITY', '14gqibs'], ['u/supersmoked420', 13, '2023-06-23 17:48', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8hrig/', "Where's my little roller coaster buddy?", '14gqibs'], ['u/LuKeNuKuM', 13, '2023-06-23 17:53', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8iep4/', "someone's got that Friday feeling", '14gqibs'], ['u/myheartgoesshalala', 17, '2023-06-23 17:54', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8ikpy/', "I feel good for some reason. Maybe it's cuz bitcoin is pumping?", '14gqibs'], ['u/atreyu051', 24, '2023-06-23 17:54', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8imzg/', 'Gradually then suddenly 🚀', '14gqibs'], ['u/moon_mane', 26, '2023-06-23 17:56', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8iuxd/', 'See you bois on the moon', '14gqibs'], ['u/NectarineDirect936', 10, '2023-06-23 18:01', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8jmut/', "Doubled my dca last week, feels good lol but well yeah, the only regret you'll have is you didn't buy more and i could pff lol", '14gqibs'], ['u/BigDeezerrr', 13, '2023-06-23 18:05', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8k69m/', "Glad I scooped some when it dipped under 30k yesterday 😀 Sad I didn't get more 😔", '14gqibs'], ['u/admiralCeres', 11, '2023-06-23 18:12', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8laei/', '🚀🚀🚀', '14gqibs'], ['u/BBQCopter', 13, '2023-06-23 18:12', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8lc7z/', 'Me = playing sick beat on bongos', '14gqibs'], ['u/RowSlow1706', 19, '2023-06-23 18:15', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8lpi3/', 'This... This... This is gentlemen.', '14gqibs'], ['u/MyAnusBleeding', 17, '2023-06-23 18:16', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8lwia/', '🎶Ground control to Major Tom…🎶', '14gqibs'], ['u/srpoke', 20, '2023-06-23 18:19', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8mdv3/', 'Ladies and Gentleman, We are at 52 weeks high. Weekend will be fun.', '14gqibs'], ['u/Coretron', 15, '2023-06-23 18:28', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8nosg/', "52 week high! I'm going to Disney world this weekend to celebrate. Enjoy this old banger as we sip whiskey and watch the charts. https://youtu.be/109WLnpYkqE", '14gqibs'], ['u/tsosa14', 10, '2023-06-23 18:53', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8ricb/', "*Pump up the jam, pump it up\n\nWhile your feet are stompin'\n\nAnd the jam is pumpin'\n\nLook ahead, the crowd is jumpin'\n\nPump it up a little more\n\nGet the party going on the dance floor\n\nSee, 'cause that's where the party's at\n\nAnd you'll find out if you do that*", '14gqibs'], ['u/Nibbler_Jack', 15, '2023-06-23 19:04', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8t4ut/', "Fuck it.. I'm buying more", '14gqibs'], ['u/Born_Cattle6575', 13, '2023-06-23 19:17', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8v30n/', "I'm going to the red lobster tonight. Going to turn in my apron. The thaw has begun.", '14gqibs'], ['u/bbrout', 13, '2023-06-23 19:23', 'https://www.reddit.com/r/Bitcoin/comments/14gqibs/daily_discussion_june_23_2023/jp8vyus/', "You know, I have the feeling that if Bi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Photograph: Jon Nazca/Reuters A British man who took part in schemes to hack the Twitter accounts of celebrities, including Joe Biden and Elon Musk, was sentenced to five years in prison, the US attorney’s office announced on Friday. Related: Texas governor signs bill rescinding water breaks as deadly heat grips state Joseph James O’Connor, 24, pleaded guilty to cybercrime charges last month, nearly three years after he and others in his hacking group hijacked more than 130 Twitter accounts as part of a Bitcoin scam, including those of Apple, Uber, Kanye West, Bill Gates and Barack Obama. He also pleaded guilty to stealing $794,000 in virtual currency from a New York cryptocurrency company. O’Connor was arrested nearly two years ago in Spain for the July 2020 hack and extradited to the US in April. The charges he pleaded guilty to include conspiracy to commit computer intrusions, conspiracy to commit wire fraud and conspiracy to commit money laundering and stalking two victims, among others. Under the most serious of the charges, O’Connor faced up to 20 years in prison. In addition to serving five years in a US prison, O’Connor was also sentenced to three years of supervised release and ordered to pay $794,000. “O’Connor’s criminal activities were flagrant and malicious and his conduct impacted multiple people’s lives. He harassed, threatened and extorted his victims, causing substantial emotional harm,” Kenneth A Polite Jr, an assistant attorney general in the US justice department’s criminal division, said after O’Connor pleaded guilty last month. “Like many criminal actors, O’Connor tried to stay anonymous by using a computer to hide behind stealth accounts and aliases from outside the United States.” Two others have also been charged with federal crimes in the incident, including Nima Fazeli of Florida, and Mason Sheppard, who is from Bognor Regis in the UK. The alleged mastermind of the hacking group, the Florida teen Graham Ivan Clark, was sentenced to three years in juvenile prison in July 2021, the maximum allowed under state law. The attacks, which unfolded over the course of several hours in July 2020 , rocked Twitter and prompted the company to take the unprecedented measure of stopping all verified accounts from tweeting.', 'Photograph: Jon Nazca/Reuters A British man who took part in schemes to hack the Twitter accounts of celebrities, including Joe Biden and Elon Musk, was sentenced to five years in prison, the US attorney’s office announced on Friday. Related: Texas governor signs bill rescinding water breaks as deadly heat grips state Joseph James O’Connor, 24, pleaded guilty to cybercrime charges last month, nearly three years after he and others in his hacking group hijacked more than 130 Twitter accounts as part of a Bitcoin scam, including those of Apple, Uber, Kanye West, Bill Gates and Barack Obama. He also pleaded guilty to stealing $794,000 in virtual currency from a New York cryptocurrency company. O’Connor was arrested nearly two years ago in Spain for the July 2020 hack and extradited to the US in April. The charges he pleaded guilty to include conspiracy to commit computer intrusions, conspiracy to commit wire fraud and conspiracy to commit money laundering and stalking two victims, among others. Under the most serious of the charges, O’Connor faced up to 20 years in prison. In addition to serving five years in a US prison, O’Connor was also sentenced to three years of supervised release and ordered to pay $794,000. “O’Connor’s criminal activities were flagrant and malicious and his conduct impacted multiple people’s lives. He harassed, threatened and extorted his victims, causing substantial emotional harm,” Kenneth A Polite Jr, an assistant attorney general in the US justice department’s criminal division, said after O’Connor pleaded guilty last month. “Like many criminal actors, O’Connor tried to stay anonymous by using a computer to hide behind stealth accounts and aliases from outside the United States.” Two others have also been charged with federal crimes in the incident, including Nima Fazeli of Florida, and Mason Sheppard, who is from Bognor Regis in the UK. The alleged mastermind of the hacking group, the Florida teen Graham Ivan Clark, was sentenced to three years in juvenile prison in July 2021, the maximum allowed under state law. The attacks, which unfolded over the course of several hours in July 2020 , rocked Twitter and prompted the company to take the unprecedented measure of stopping all verified accounts from tweeting.', 'Warnings from the chemical sector on the outlook for earnings are piling up — just as worrying signs about global demand and economic growth begin to multiply across the board.\nJune has proved a bad month for chemical producers, with four European companies warning about their profit outlook for the rest of the year.This week, Lanxess joined Croda, K+S and Victrex in preparing investors for the impact of weak demand, tougher pricing, or destocking by customers. In the US, Cabot blamed softer global demand as it ditched its full-year forecast.\nWhether the worsening outlook for chemicals is a warning for the broader industrial or cyclical complex isn’t yet clear. But without substantial stimulus in China or signs that demand is picking up, caution could be warranted— especially at a time when optimistic investors have pushed their positioning in stocks back to elevated levels.\nIndustrial shares are usually closely correlated with chemicals and account for nearly 14% of the Stoxx 600, the largest sector weight in the European benchmark after health care. More broadly, economically driven cyclicals are about two-thirds of the market. Their earnings prospects are heavily linked to global growth, which has been driven by China for the past few years. But the Asian giant’s revival is faltering. In the past week, economists at Goldman Sachs, HSBC, Citi and Nomura are among those to have revised their China GDP growth forecasts lower for 2023, doubting that stimulus from Beijing could turn the tide.\n“Expectations have been too high about what China will be able to do on stimulus, as the Chinese government is more constrained compared to previous cycles relative to kick-starting the economy through just cutting interest rates or lowering reserve requirements for banks,”says Peter Garnry, head of equity strategy at Saxo Bank A/S.\nValuations remain a concern. The latest drop in chemical stocks has taken the premium on the sector’s price-to-earnings ratio over the broader European market back to its 10-year average of about 19%, after peaking at 40% last year. Industrials are still trading near a similar record premium of 40%, double the 10-year average.\nIn another worrying sign, troubles are expanding into the packaging sector, with Mayr-Melnhof Karton becoming the latest European company from the sector to issue a profit warning. This follows other paper and pulp sector warnings from companies including Billerud AB, UPM-Kymmene, and Stora Enso.\nEuropean cyclicals have brushed off weak macro-economic forecasts and surveys, thanks to hard data like GDP figures, which have held up well so far this year. Hopes of a soft landing and a peak in yields have supported stocks, while receding inflation has also helped.\nStill, other overall macro-economic readings give a less positive picture.Manufacturing PMIs remain in the doldrums, in sharp contrast with the expansion in services data this year. A debate rages over how this gap will close, with UBS strategists Gerry Fowler and Sutanya Chedda contending that services activity will be dragged lower.\n“European services new orders PMIs reversed quite sharply in May,” the UBS strategist say. “If this is a sign of emerging weakness in services demand, it could lead to more sector correlation and equity downside.”\n“The main disconnect that the market will need to grapple with revolves around the hopes of a soft landing, without much pain to profits, labor or credit, but at the same time the expectation that inflation will come down quickly,” says Vincent Rennella, Silex Investment Managers’ head of equity strategy, who is keeping his defensive stock allocation. “How can the consensus think that the worst of pressures is behind us, when the impact of monetary tightening historically worked with a lag, especially with a Fed that has not even stopped hiking?”\nBy Michael Msika, Bloomberg markets live reporter and strategist viaZerohedge.com\nMore Top Reads From Oilprice.com:\n• Rising Interest Rates And Inflation Threaten UK Manufacturing\n• Middle East Oil Prices Soar Amid Chinese Trading Frenzy\n• Can Quantum Computing Save Bitcoin From Itself?\nRead this article on OilPrice.com', 'Warnings from the chemical sector on the outlook for earnings are piling up — just as worrying signs about global demand and economic growth begin to multiply across the board. June has proved a bad month for chemical producers, with four European companies warning about their profit outlook for the rest of the year. This week, Lanxess joined Croda, K+S and Victrex in preparing investors for the impact of weak demand, tougher pricing, or destocking by customers . In the US, Cabot blamed softer global demand as it ditched its full-year forecast. Whether the worsening outlook for chemicals is a warning for the broader industrial or cyclical complex isn’t yet clear . But without substantial stimulus in China or signs that demand is picking up, caution could be warranted — especially at a time when optimistic investors have pushed their positioning in stocks back to elevated levels. Industrial shares are usually closely correlated with chemicals and account for nearly 14% of the Stoxx 600, the largest sector weight in the European benchmark after health care. More broadly, economically driven cyclicals are about two-thirds of the market. Their earnings prospects are heavily linked to global growth, which has been driven by China for the past few years. But the Asian giant’s revival is faltering. In the past week, economists at Goldman Sachs, HSBC, Citi and Nomura are among those to have revised their China GDP growth forecasts lower for 2023, doubting that stimulus from Beijing could turn the tide. “Expectations have been too high about what China will be able to do on stimulus, as the Chinese government is more constrained compared to previous cycles relative to kick-starting the economy through just cutting interest rates or lowering reserve requirements for banks,” says Peter Garnry, head of equity strategy at Saxo Bank A/S. Valuations remain a concern. The latest drop in chemical stocks has taken the premium on the sector’s price-to-earnings ratio over the broader European market back to its 10-year average of about 19%, after peaking at 40% last year. Industrials are still trading near a similar record premium of 40%, double the 10-year average. Story continues In another worrying sign, troubles are expanding into the packaging sector, with Mayr-Melnhof Karton becoming the latest European company from the sector to issue a profit warning. This follows other paper and pulp sector warnings from companies including Billerud AB, UPM-Kymmene, and Stora Enso. European cyclicals have brushed off weak macro-economic forecasts and surveys, thanks to hard data like GDP figures, which have held up well so far this year. Hopes of a soft landing and a peak in yields have supported stocks, while receding inflation has also helped. Still, other overall macro-economic readings give a less positive picture. Manufacturing PMIs remain in the doldrums, in sharp contrast with the expansion in services data this year . A debate rages over how this gap will close, with UBS strategists Gerry Fowler and Sutanya Chedda contending that services activity will be dragged lower. “European services new orders PMIs reversed quite sharply in May,” the UBS strategist say. “If this is a sign of emerging weakness in services demand, it could lead to more sector correlation and equity downside.” “The main disconnect that the market will need to grapple with revolves around the hopes of a soft landing, without much pain to profits, labor or credit, but at the same time the expectation that inflation will come down quickly,” says Vincent Rennella, Silex Investment Managers’ head of equity strategy, who is keeping his defensive stock allocation. “How can the consensus think that the worst of pressures is behind us, when the impact of monetary tightening historically worked with a lag, especially with a Fed that has not even stopped hiking?” By Michael Msika, Bloomberg markets live reporter and strategist via Zerohedge.com More Top Reads From Oilprice.com: Rising Interest Rates And Inflation Threaten UK Manufacturing Middle East Oil Prices Soar Amid Chinese Trading Frenzy Can Quantum Computing Save Bitcoin From Itself? Read this article on OilPrice.com', 'Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.', 'Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.', 'Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.', 'In May 2023, United States National Security Council spokesman John Kirby announced that Russia is looking to purchase additional Iranian drones and loitering munitions. Kyiv believes that Moscow already received around 2,400 units from its “brother in arms” and has already used over 400 of them in strikes against Ukrainian civilian centers and critical infrastructure (Ukrainska Pravda, May 15). US intelligence claims that, alongside drones, previous aid packages also included artillery and tank rounds. Although still awaiting final confirmation, leaked documents show that the parties recently signed a deal valued at around $1 billion for various munitions. The document claims that the agreement includes 40,000 122-millimeter (mm), 14,000 152-mm and 10,000 125-mm high-explosive rounds. The leaked document also provides evidence for the transfer of two 125-mm barrels for the T72 tank and two 122-mm barrels for howitzers (Ukrainska Pravda, June 5).\nAccording to Kirby, military assistance flows both ways between Russian and Iran, and open-source intelligence confirms that the aid packages now include the infamous Mohajer-6 drone, which is a multipurpose drone that can return to its base after each attack (Twitter/clashreport, June 7). This in turn provides for a “much more sustainable and flexible concept of operations” (seeTerrorism Monitor, June 9). As Ukraine has adapted rather well to Russian capabilities, Iranian systems provide Russian forces with a lifeline and fill in gaps left by Moscow’s decrepit defense industry. Tehran’s solutions are cheap, effective and expand the Kremlin’s strike package options. While efforts to ramp up national production have stalled, Russia is increasingly resorting to Iranian weapon systems, particularly drones, loitering munitions and potentially long-range missiles in the near future.\nRussia’s ongoing aggression against Ukraine has highlighted the mutual interests of Tehran and Moscow. Put simply, no matter the process, this alliance of convenience hopes for a defeated West. This rapprochement has gone hand-in-hand with burgeoning bilateral trade, strengthening military-strategic relations and a significant uptrend in defense-related transactions, with new deals on ammunition and artillery, as well as joint weapons production as illustrated by the plans for an Iranian drone production facility in Russia (seeEDM, March 6). Growing closer under their shared isolation from international markets, Moscow and Tehran are finding common ground for future collaboration in highly strategic segments including transportation, technology and energy (Caspian News, May 19). In this context, the remarkable 30-percent increase in bilateral trade between March 2022 and March 2023 is quite telling (Oreanda News, May 29).\nThus far, Russian military strategy has centered on high-tempo strikes and inflicting heavy damage on Ukraine’s critical infrastructure and population centers. In essence, the main aim of this strategy is to exhaust the morale of Ukrainian forces and pressure Kyiv to surrender. Providing the Kremlin with a low-cost, effective strike package, Iranian drones have become integral to this approach. As Ukraine receives high-end Western systems, such as long-range Storm Shadows and Leopard tanks, the Russians are pulling out all the stops, employing every military asset available, including the Kinzhal hypersonic missile, in high numbers (TSN, May 11). In May 2023, Ukraine announced that its armed forces had intercepted 300 Iranian loitering munitions, indicating that the threat of kamikaze drones launched from Russian territory remains very real (Independent Persian, May 28). And Kyiv claims that Moscow is increasingly resorting to drone strikes to slow and halt the Ukrainian counteroffensive. For example, on May 27, Russian forces launched an attack with 54 loitering munitions, 52 of which were intercepted by Ukrainian air defense systems (Unian, May 28).\nStill, despite the high interception rate, Moscow’s specific targeting of urban centers, civilian buildings and critical infrastructure make Iranian drones an important trend to monitor. According to US intelligence, Russia already received a new batch of Shaheed drones from Iran in early spring (identified by their distinctive markings) with more expected to be delivered in the near future (Babel.ua, April 20).\nAs this military assistance goes both ways, Moscow is providing Tehran with high-value, strategic assets, including Yak-130 combat training aircraft, attack helicopters and radar (Bahar News Iran, February 16). Open sources also claim that Russia and Iran reached a deal for Tehran’s procurement of Sukhoi-35 fighter jets (RBC, March 11). According to Iranian channels, the deal includes a full squadron featuring 24 aircraft (Mashregnews.ir, January 1). In gifting Iran the most sophisticated fighter jets it has received in the past five decades, Moscow will surely achieve strong leverage with Tehran for future military assistance.\nNevertheless, military aid between Russia and Iran is not the only consideration here. There is a bigger, and often overlooked aspect, of this cooperation—namely how this mutual assistance reaches its destination. Most military aid packages between the two countries are transported via two possible channels: private airlines (Iran International, December 15, 2022) and civilian cargo ships (Iranwire.com, February 13). Military ships and aircraft are easier to notice and track. It is much more difficult to accurately monitor the goods carried by every single civilian passenger aircraft or cargo vessel. Thus, hiding behind these routes allows Iran and Russia to significantly diminish the ability to regulate and track these shipments.\nRegarding sea transfers, the Caspian Sea looms large as a particular hotspot. The main reason behind the region’s particular attractiveness lies in the fact that it is surrounded by post-Soviet states. Open sources claim that trade relations between Iran and some of the littoral states, including Turkmenistan, are growing (seeEDM, June 7), which can effectively serve Russian-Iranian transfers via the Caspian.\nOpen-source intelligence points to a significant number of gaps in tracking data for Russian and Iranian ships in the Caspian Sea, especially after the third fiscal quarter of 2022. Between the second quarter of 2022 and the first quarter of 2023, the number of these ships increased from 694 to 2,024, including 63 blacklisted or blacklist-associated cargo ships (Lloydslist.maritimeintelligence.com, April 5). According to available data, these ships turned off their automated identification systems (AIS) to hide portions of their journeys, their destinations or any ship-to-ship transfers. Most of these ships turned off their AIS around Turkmenistan. Indeed, transit hubs, such as the Amirabad Port in Iran, the Astrakhan Port in Russia and the Turkmenbashi International Seaport, loom large as key dark spots to monitor.\nAdditionally, other potential wildcards should be high on the West’s watch list. The first worrying development is Moscow’s and Tehran’s joint drone and missile production factory in Russia, which is expected to become operational next year (Afintl.com, June 9). When it is finalized and functional, it will be a real headache for Ukraine and provide Russia with a secure supply of the military assets it need in a shorter amount of time (seeEDM, March 6). The second imminent threat will come this fall, with the expiration of the clause that restricts Iran’s export of long-range ballistic missiles. This will clear the legislative obstacles in front of Tehran’s transfer of such munitions to Moscow and provide significant support for Russia’s struggling defense industry and domestic missile production issues. Ultimately, besides the intensifying transactional relations between Russia and Iran, these strategic developments could cause additional troubles for Ukraine and the West, thus complicating the calculus of Ukrainian forces on the battlefield for months to come.\nBythe Jamestown Foundation\nMore Top Reads From Oilprice.com:\n• Middle East Oil Prices Soar Amid Chinese Trading Frenzy\n• Can Quantum Computing Save Bitcoin From Itself?\n• A Dark Cloud Is Looming Over Chemical Stocks\nRead this article on OilPrice.com', 'In May 2023, United States National Security Council spokesman John Kirby announced that Russia is looking to purchase additional Iranian drones and loitering munitions. Kyiv believes that Moscow already received around 2,400 units from its “brother in arms” and has already used over 400 of them in strikes against Ukrainian civilian centers and critical infrastructure ( Ukrainska Pravda , May 15). US intelligence claims that, alongside drones, previous aid packages also included artillery and tank rounds. Although still awaiting final confirmation, leaked documents show that the parties recently signed a deal valued at around $1 billion for various munitions. The document claims that the agreement includes 40,000 122-millimeter (mm), 14,000 152-mm and 10,000 125-mm high-explosive rounds. The leaked document also provides evidence for the transfer of two 125-mm barrels for the T72 tank and two 122-mm barrels for howitzers ( Ukrainska Pravda , June 5). According to Kirby, military assistance flows both ways between Russian and Iran, and open-source intelligence confirms that the aid packages now include the infamous Mohajer-6 drone, which is a multipurpose drone that can return to its base after each attack ( Twitter/clashreport , June 7). This in turn provides for a “much more sustainable and flexible concept of operations” (see Terrorism Monitor , June 9). As Ukraine has adapted rather well to Russian capabilities, Iranian systems provide Russian forces with a lifeline and fill in gaps left by Moscow’s decrepit defense industry. Tehran’s solutions are cheap, effective and expand the Kremlin’s strike package options. While efforts to ramp up national production have stalled, Russia is increasingly resorting to Iranian weapon systems, particularly drones, loitering munitions and potentially long-range missiles in the near future. Russia’s ongoing aggression against Ukraine has highlighted the mutual interests of Tehran and Moscow. Put simply, no matter the process, this alliance of convenience hopes for a defeated West. This rapprochement has gone hand-in-hand with burgeoning bilateral trade, strengthening military-strategic relations and a significant uptrend in defense-related transactions, with new deals on ammunition and artillery, as well as joint weapons production as illustrated by the plans for an Iranian drone production facility in Russia (see EDM , March 6). Growing closer under their shared isolation from international markets, Moscow and Tehran are finding common ground for future collaboration in highly strategic segments including transportation, technology and energy ( Caspian News , May 19). In this context, the remarkable 30-percent increase in bilateral trade between March 2022 and March 2023 is quite telling ( Oreanda News , May 29). Story continues Thus far, Russian military strategy has centered on high-tempo strikes and inflicting heavy damage on Ukraine’s critical infrastructure and population centers. In essence, the main aim of this strategy is to exhaust the morale of Ukrainian forces and pressure Kyiv to surrender. Providing the Kremlin with a low-cost, effective strike package, Iranian drones have become integral to this approach. As Ukraine receives high-end Western systems, such as long-range Storm Shadows and Leopard tanks, the Russians are pulling out all the stops, employing every military asset available, including the Kinzhal hypersonic missile, in high numbers ( TSN , May 11). In May 2023, Ukraine announced that its armed forces had intercepted 300 Iranian loitering munitions, indicating that the threat of kamikaze drones launched from Russian territory remains very real ( Independent Persian , May 28). And Kyiv claims that Moscow is increasingly resorting to drone strikes to slow and halt the Ukrainian counteroffensive. For example, on May 27, Russian forces launched an attack with 54 loitering munitions, 52 of which were intercepted by Ukrainian air defense systems ( Unian , May 28). Still, despite the high interception rate, Moscow’s specific targeting of urban centers, civilian buildings and critical infrastructure make Iranian drones an important trend to monitor. According to US intelligence, Russia already received a new batch of Shaheed drones from Iran in early spring (identified by their distinctive markings) with more expected to be delivered in the near future ( Babel.ua , April 20). As this military assistance goes both ways, Moscow is providing Tehran with high-value, strategic assets, including Yak-130 combat training aircraft, attack helicopters and radar ( Bahar News Iran , February 16). Open sources also claim that Russia and Iran reached a deal for Tehran’s procurement of Sukhoi-35 fighter jets ( RBC , March 11). According to Iranian channels, the deal includes a full squadron featuring 24 aircraft ( Mashregnews.ir , January 1). In gifting Iran the most sophisticated fighter jets it has received in the past five decades, Moscow will surely achieve strong leverage with Tehran for future military assistance. Nevertheless, military aid between Russia and Iran is not the only consideration here. There is a bigger, and often overlooked aspect, of this cooperation—namely how this mutual assistance reaches its destination. Most military aid packages between the two countries are transported via two possible channels: private airlines ( Iran International , December 15, 2022) and civilian cargo ships ( Iranwire.com , February 13). Military ships and aircraft are easier to notice and track. It is much more difficult to accurately monitor the goods carried by every single civilian passenger aircraft or cargo vessel. Thus, hiding behind these routes allows Iran and Russia to significantly diminish the ability to regulate and track these shipments. Regarding sea transfers, the Caspian Sea looms large as a particular hotspot. The main reason behind the region’s particular attractiveness lies in the fact that it is surrounded by post-Soviet states. Open sources claim that trade relations between Iran and some of the littoral states, including Turkmenistan, are growing (see EDM , June 7), which can effectively serve Russian-Iranian transfers via the Caspian. Open-source intelligence points to a significant number of gaps in tracking data for Russian and Iranian ships in the Caspian Sea, especially after the third fiscal quarter of 2022. Between the second quarter of 2022 and the first quarter of 2023, the number of these ships increased from 694 to 2,024, including 63 blacklisted or blacklist-associated cargo ships ( Lloydslist.maritimeintelligence.com , April 5). According to available data, these ships turned off their automated identification systems (AIS) to hide portions of their journeys, their destinations or any ship-to-ship transfers. Most of these ships turned off their AIS around Turkmenistan. Indeed, transit hubs, such as the Amirabad Port in Iran, the Astrakhan Port in Russia and the Turkmenbashi International Seaport, loom large as key dark spots to monitor. Additionally, other potential wildcards should be high on the West’s watch list. The first worrying development is Moscow’s and Tehran’s joint drone and missile production factory in Russia, which is expected to become operational next year ( Afintl.com , June 9). When it is finalized and functional, it will be a real headache for Ukraine and provide Russia with a secure supply of the military assets it need in a shorter amount of time (see EDM , March 6). The second imminent threat will come this fall, with the expiration of the clause that restricts Iran’s export of long-range ballistic missiles. This will clear the legislative obstacles in front of Tehran’s transfer of such munitions to Moscow and provide significant support for Russia’s struggling defense industry and domestic missile production issues. Ultimately, besides the intensifying transactional relations between Russia and Iran, these strategic developments could cause additional troubles for Ukraine and the West, thus complicating the calculus of Ukrainian forces on the battlefield for months to come. By the Jamestown Foundation More Top Reads From Oilprice.com: Middle East Oil Prices Soar Amid Chinese Trading Frenzy Can Quantum Computing Save Bitcoin From Itself? A Dark Cloud Is Looming Over Chemical Stocks Read this article on OilPrice.com', 'On Friday, a federal courtsentenced Joseph James O’Connerto five years in prison for his involvement in the2020 Twitter hack. Last month, the 24-year-old, known as PlugwalkJoe online,plead guiltyto a host of cyber crimes, including carrying out a SIM-swapping attack that targeted a TikTok account with millions of followers. The 2020 Twitter hack saw O’Conner and his co-perpetrators obtain access to the company’s backend and subsequently the accounts of Elon Musk, Bill Gates, Barack Obama and more than 100 other high-profile users. O’Conner netted $794,000 in the crypto scam that followed.\n"After stealing and fraudulently diverting the stolen cryptocurrency, O\'Connor and his co-conspirators laundered it through dozens of transfers and transactions and exchanged some of it for Bitcoin using cryptocurrency exchange services," the Justice Department said. "Ultimately, a portion of the stolen cryptocurrency was deposited into a cryptocurrency exchange account controlled by O\'Connor." In 2021, Graham Ivan Clark, the alleged teenage mastermind behind the breach,plead guiltyin return for a three-year prison sentence. In addition to his five-year sentence, O’Conner also faces three years of supervised release after his prison term. He must also forfeit the $794,000 he defrauded during the hack.', 'On Friday, a federal court sentenced Joseph James O’Conner to five years in prison for his involvement in the 2020 Twitter hack . Last month, the 24-year-old, known as PlugwalkJoe online, plead guilty to a host of cyber crimes, including carrying out a SIM-swapping attack that targeted a TikTok account with millions of followers. The 2020 Twitter hack saw O’Conner and his co-perpetrators obtain access to the company’s backend and subsequently the accounts of Elon Musk, Bill Gates, Barack Obama and more than 100 other high-profile users. O’Conner netted $794,000 in the crypto scam that followed. "After stealing and fraudulently diverting the stolen cryptocurrency, O\'Connor and his co-conspirators laundered it through dozens of transfers and transactions and exchanged some of it for Bitcoin using cryptocurrency exchange services," the Justice Department said. "Ultimately, a portion of the stolen cryptocurrency was deposited into a cryptocurrency exchange account controlled by O\'Connor." In 2021, Graham Ivan Clark, the alleged teenage mastermind behind the breach, plead guilty in return for a three-year prison sentence. In addition to his five-year sentence, O’Conner also faces three years of supervised release after his prison term. He must also forfeit the $794,000 he defrauded during the hack. This article contains affiliate links; if you click such a link and make a purchase, we may earn a commission.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $593,739,946,069 - Hash Rate: 379943751.2420316 - Transaction Count: 361437.0 - Unique Addresses: 683837.0 Social & AI Sentiment: - Fear & Greed Index: 0.62 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: While other investors piled out of Coinbase stock ( COIN ), Cathie Wood's Ark Invest cashed in. Wood’s flagship fund, the ARK Innovation ETF ( ARKK ), bought more than 400,000 shares of the crypto exchange on Tuesday, worth over $20 million as of yesterday's close, according to a daily trade notification. The purchase came on the heels of the Securities and Exchange Commission's (SEC) lawsuit against the crypto firm, which sent shares of Coinbase lower by as much as 16%. On Wednesday, Coinbase stock rebounded by more than 3% in afternoon trading following the revelation, while shares of ARKK were down by 1%. Wood has been a longtime proponent of crypto , and Ark Invest has largely continued to build its stake in Coinbase despite increased regulatory scrutiny (though it did sell some stock last July when the SEC announced its investigation into crypto exchange). On Tuesday, Ark saw another buying opportunity as Coinbase stock took a beating after the SEC expanded its crackdown on crypto. The SEC filed a lawsuit alleging Coinbase violated securities laws by operating its crypto asset trading platform as an unregistered securities exchange, broker, and clearing agency as well as by failing to register the offer and sale of its crypto asset staking-as-a-service program. Coinbase took to Twitter to defend itself against the SEC’s allegations. Co-founder and CEO Brian Armstrong outlined several points in response to the legal action, tweeting : "The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity." Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules. Remember: 1. The SEC reviewed our business and allowed us to become a public company in 2021. 2. There is no path to "come in and… — Brian Armstrong 🛡️ (@brian_armstrong) June 6, 2023 Mark Palmer, senior equity research analyst at Berenberg Capital Markets, told Yahoo Finance (video above) that the crackdown on Coinbase shouldn't have come as a surprise and that "the upshot here is that the dragnet that the SEC has put out against crypto continues." Story continues SEC comes for crypto Coinbase isn't the only big player landing in the crosshairs of federal regulators; the action by the SEC marks the second time in as many days that the agency has leveled legal charges against crypto companies. On Monday, the target was Coinbase's rival Binance. The SEC filed a complaint alleging that Binance operated illegal platforms to offer and sell crypto asset securities to US investors, among other violations. The SEC followed up its action against Binance on Tuesday evening by seeking a court order to freeze and repatriate the assets of two of its units. Cathie Wood, CEO of Ark Invest, speaks during a panel discussion at a Bitcoin Conference, April 7, 2022, in Miami Beach, Fla. (AP Photo/Rebecca Blackwell) (ASSOCIATED PRESS) Regulators have followed through with their threat of cracking down on crypto, particularly in the wake of the collapse of FTX in November 2022. At the heart of the issue, crypto players argue that tokens are not securities, whereas the SEC disagrees. "The one thing that was a bit of a twist [in the Coinbase lawsuit] is the fact that the SEC focused on 13 tokens in particular that it identified as securities that Coinbase trades," Palmer said. "Big names in there — solana, cardano, polygon, as well as 10 others that are less well known." While the enforcement actions are not "ideal," according to Moffett Nathanson Partner Lisa Ellis, they are a "necessary" step toward crypto adoption. "We've needed regulatory clarity in the United States for many years now," Ellis told Yahoo Finance Live. "And the SEC in some ways has been sort of holding the industry hostage over the last year, year and a half by sort of trickling out these enforcement actions but not having a constructive dialogue about what issues they're really concerned about or not and kind of narrowing that and moving it forward in terms of establishing the right set of regulations." Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Investing.com -- Inflation data from the U.S. and the eurozone will help shape expectations for interest rates while central bankers gather in Portugal for the European Central Bank’s annual forum. Economic data out of China will also be in the spotlight as the recovery in the world’s number two economy falters, and events in Russia will also be closely watched after an attempted insurrection challenged President Vladimir Putin\'s grip on power.\nInvestors will get a fresh update on the possible future path of interest rates on Friday with the release of May data on the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge.\nIn the 12 months through April, thePCE price indexas well as thecore ratewere still running well above the Fed’s 2% target.\nThe inflation numbers will feed into investor expectations around the central bank\'s next rate decision in July after it paused rate hikes at its June meeting but signaled that more hikes lie ahead.\nPrior to that, the latestconsumer confidencereport is due out Tuesday after the index hit a six-month low in May. June\'s index is expected to tick higher.\nTheCase-Shiller national home price indexis also due for release on Tuesday. The index climbed 0.4% in March after adjusting for seasonal fluctuations.\nThe second quarter of what has been a turbulent year so far for markets is ending. The year started with a burst of optimism over China\'s post-COVID recovery, greater resilience in the global economy; and relief that inflation could have peaked.\nSince then, a U.S. banking crisis, the collapse of Credit Suisse, and the struggle to rein in inflation has made the last six months feel like a long time in markets.\nThe hype around artificial intelligence (AI) has made Big Tech the best-performing asset of 2023, with a gain of 75%. But it\'s been difficult year for the rest of the market, other than in specific pockets such as Japanese equities and European luxury stocks.\nSurprisingly, considering the turmoil in the sector, the only asset to even come close to Big Tech\'s returns is Bitcoin, which saw a gain of 73% compared with a 20% loss in H2 2022.\nThe eurozone is to releasepreliminary inflation datafor June on Friday. And while the headline rate of inflation is expected to moderate,underlying inflationis expected to tick higher, underlining the challenge facing the ECB.\nECB President Christine Lagarde struck a more hawkish tone than expected following the bank\'s most recent policy meeting, reiterating that rates would need to be increased again in order to bring inflation down to the ECB\'s 2% target and that they "will be kept at those levels for as long as necessary."\nTraders are now betting on a July hike by the ECB and expect another move by October that would bring rates to 4%.\nInvestors will get a chance to hear from Lagarde, along with Fed Chair Jerome Powell and other global central bank heads, at a panel discussion at the ECB’s annual forum in Sintra, Portugal on Wednesday. Inflation is likely to be front and center during that exchange.\nChina is to releasepurchasing manager indexesfor June on Friday, with the data expected to add to the narrative that the recovery in the world’s second-largest economy is losing momentum.\nChina cut its key lending benchmarks last week as authorities attempted to shore up growth, but concerns about the property market meant the easing was not as large as expected.\nBad news could be taken as a positive, if traders see it as a way of pushing authorities to offer more support to the economy - as long as it eventually arrives.\nBut if hopes are running high, patience is wearing thin: Several global investment banks cut their 2023 gross domestic product growth forecasts for China after May economic data missed forecasts.\nInvestors will be keeping an eye on developments in Russia amid concerns over the potential impact on safe-haven assets such as U.S. Treasuries, and on commodities prices, after an attempted insurrection on Saturday.\nRussian mercenariesled by Yevgeny Prigozhin, a former ally of Putin and founder of the Wagner army, advanced most of the way to Moscow after capturing the city of Rostov before they abruptly halted their approach.\n"It certainly remains to be seen what happens in the next day or two, but if there remains uncertainty about leadership in Russia, investors may flock to safe havens," Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York, told Reuters.\nGoldberg said that despite the deescalation, "investors may remain nervous about subsequent instability, and could remain cautious."\nOther analysts saw little reaction as the situation seemed defused. Rich Steinberg, chief market strategist at the Colony Group in Boca Raton, Florida, told Reuters that "markets will kind of treat this as another geopolitical risk" and "some frayed nerves were calmed in the short run" by the deescalation.\n--Reuters contributed to this report\nRelated Articles\nTop 5 things to watch in markets in the week ahead\nThai rates still low, tightening to be gradual, says central bank official\nBIS warns world economy at critical juncture in inflation fight', 'Investing.com -- Inflation data from the U.S. and the eurozone will help shape expectations for interest rates while central bankers gather in Portugal for the European Central Bank’s annual forum. Economic data out of China will also be in the spotlight as the recovery in the world’s number two economy falters, and events in Russia will also be closely watched after an attempted insurrection challenged President Vladimir Putin\'s grip on power. 1. U.S. data Investors will get a fresh update on the possible future path of interest rates on Friday with the release of May data on the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. In the 12 months through April, the PCE price index as well as the core rate were still running well above the Fed’s 2% target. The inflation numbers will feed into investor expectations around the central bank\'s next rate decision in July after it paused rate hikes at its June meeting but signaled that more hikes lie ahead. Prior to that, the latest consumer confidence report is due out Tuesday after the index hit a six-month low in May. June\'s index is expected to tick higher. The Case-Shiller national home price index is also due for release on Tuesday. The index climbed 0.4% in March after adjusting for seasonal fluctuations. 2. First half drawing to a close The second quarter of what has been a turbulent year so far for markets is ending. The year started with a burst of optimism over China\'s post-COVID recovery, greater resilience in the global economy; and relief that inflation could have peaked. Since then, a U.S. banking crisis, the collapse of Credit Suisse, and the struggle to rein in inflation has made the last six months feel like a long time in markets. The hype around artificial intelligence (AI) has made Big Tech the best-performing asset of 2023, with a gain of 75%. But it\'s been difficult year for the rest of the market, other than in specific pockets such as Japanese equities and European luxury stocks. Story continues Surprisingly, considering the turmoil in the sector, the only asset to even come close to Big Tech\'s returns is Bitcoin, which saw a gain of 73% compared with a 20% loss in H2 2022. 3. Eurozone inflation The eurozone is to release preliminary inflation data for June on Friday. And while the headline rate of inflation is expected to moderate, underlying inflation is expected to tick higher, underlining the challenge facing the ECB. ECB President Christine Lagarde struck a more hawkish tone than expected following the bank\'s most recent policy meeting, reiterating that rates would need to be increased again in order to bring inflation down to the ECB\'s 2% target and that they "will be kept at those levels for as long as necessary." Traders are now betting on a July hike by the ECB and expect another move by October that would bring rates to 4%. Investors will get a chance to hear from Lagarde, along with Fed Chair Jerome Powell and other global central bank heads, at a panel discussion at the ECB’s annual forum in Sintra, Portugal on Wednesday. Inflation is likely to be front and center during that exchange. 4. China PMIs China is to release purchasing manager indexes for June on Friday, with the data expected to add to the narrative that the recovery in the world’s second-largest economy is losing momentum. China cut its key lending benchmarks last week as authorities attempted to shore up growth, but concerns about the property market meant the easing was not as large as expected. Bad news could be taken as a positive, if traders see it as a way of pushing authorities to offer more support to the economy - as long as it eventually arrives. But if hopes are running high, patience is wearing thin: Several global investment banks cut their 2023 gross domestic product growth forecasts for China after May economic data missed forecasts. 5. Russia turmoil Investors will be keeping an eye on developments in Russia amid concerns over the potential impact on safe-haven assets such as U.S. Treasuries, and on commodities prices, after an attempted insurrection on Saturday. Russian mercenaries led by Yevgeny Prigozhin, a former ally of Putin and founder of the Wagner army, advanced most of the way to Moscow after capturing the city of Rostov before they abruptly halted their approach. "It certainly remains to be seen what happens in the next day or two, but if there remains uncertainty about leadership in Russia, investors may flock to safe havens," Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York, told Reuters. Goldberg said that despite the deescalation, "investors may remain nervous about subsequent instability, and could remain cautious." Other analysts saw little reaction as the situation seemed defused. Rich Steinberg, chief market strategist at the Colony Group in Boca Raton, Florida, told Reuters that "markets will kind of treat this as another geopolitical risk" and "some frayed nerves were calmed in the short run" by the deescalation. --Reuters contributed to this report Related Articles Top 5 things to watch in markets in the week ahead Thai rates still low, tightening to be gradual, says central bank official BIS warns world economy at critical juncture in inflation fight', 'Investing.com -- Here is your weekly Pro Recap of the past week\'s biggest headlines in the electric vehicle space: Tesla’s charging network extends national reach; China extends EV tax breaks; and Ford scores historic $9.2B loan. Get EV news like this in real time with InvestingPro . Rivian and others join Tesla\'s charging standard Tesla\'s (NASDAQ:TSLA) third week of June started strong with American electric automotive startup Rivian (NASDAQ:RIVN) announcing its decision to adopting Tesla’s North American Charging Standard (NACS), allowing Rivian drivers access to Tesla’s Supercharger network across the United States and Canada. Rivian joins fellow Michigan-based automakers Ford (NYSE:F) and General Motors (NYSE:GM), which also recently announced deals with Tesla to gain access to Superchargers. “We’re excited to work with Tesla and to see collaborations like this help advance the world toward carbon neutrality.” Said Rivian CEO RJ Scaringe. “The adoption of the North American Charging Standard will enable our existing and future customers to leverage Tesla’s expansive Supercharger network while we continue to build out our Rivian Adventure Network. We look forward to continuing to find new ways to accelerate EV adoption.” Rivian wasn’t the only adopter of the Tesla standard this week. Not long after Rivian’s announcement, privately owned BTC Power, a California-based EV charger manufacturer, revealed that it will also adopt the NACS to its EV chargers starting next year. The move follows similar ones at several rival charging companies, among them ChargePoint (NYSE:CHPT) and Evgo (NASDAQ:EVGO). "By including the NACS connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said. Analysts and investors alike are awaiting the next wave of Tesla standard adopters. Stellantis (NYSE:STLA) has been quiet since revealing that they are considering their choices on the matter. Story continues Hyundai (OTC:HYMLY) held its 2023 CEO Investor Day on Tuesday where CEO Jaehoon Chang revealed that the South Korean automaker is also considering adopting the charge port, but he stopped short as the company says they are taking the time to consider whether the switch would be in their customers’ best interest. One issue, Chang said, is that Tesla\'s current network of Superchargers does not allow for the faster charging Hyundai\'s EVs can achieve on other chargers. "That\'s what we will look into from the customer\'s perspective," Chang told analysts at the automaker\'s investor day. Chang told investors that Hyundai would consult with Tesla to determine whether adjustments could be made to its charging system for Hyundai customers so they can charge faster. Also on Tuesday, the Texas Department of Transportation announced the state would require EV charging companies to include both Tesla\'s standard as well as the nationally recognized CCS. According to the department, all charging manufacturers building EV chargers for the state of Texas will be required to include both connections on their units if they expect to be part of a state program to electrify highways using federal dollars. "The decision by Ford, GM, and now Rivian to adopt NACS changed requirements for Phase 1" of the rollout, the Texas Department of Transportation said in an email Tuesday. China\'s extended tax policy energizes EV stocks Shares of Chinese EV names Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and Xpeng Inc (NYSE:XPEV) saw a boost in trading on Wednesday after China extended a tax exemption policy for new energy vehicles (NEVs). According to the latest policy, the purchase tax for NEVs will receive exemptions for purchases made during the period of 2024-2025. For purchases made between 2026 and 2027, the tax will be cut in half to just 5%. Additionally, the tax exemption amount per car should not exceed RMB30k during the 2024-2025 period and should not exceed RMB15k per car in the 2026-2027 period. Back in September 2014, China started giving NEVs a break from the purchase tax to encourage their growth. The policy was supposed to end in 2017, but it was extended until the end of 2020, and then again in April 2020, this time until the end of 2022. In September 2022, the government dropped the news that the tax exemption for NEVs will keep rolling until the end of 2023. Ford\'s historic subsidy boosts US EV production Ford has secured one of largest automotive industry subsidies in U.S. history to boost EV production, part of the Biden administration’s efforts to compete with Chinese manufacturing. The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford and South Korea\'s SK On to help build three battery plants in Tennessee and Kentucky - the biggest-ever award from the government program. This is the sixth loan for battery supply chain projects from the ATVM program. Tesla received a $465 million loan in 2010 from the program that allowed it to open a plant in Fremont, California, and build the Model S electric car. It repaid the loan in 2013. The head of the Energy Department\'s Loan Programs Office, Jigar Shah, said in an interview that the department’s goal "is to have people choose to put these supply chains here in the United States, not in other countries, and to do them faster and more confidently here." The project is expected to create 5,000 construction jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running. "Major technology transitions have always been accelerated by collaboration between the public and private sectors," said Ford Treasurer Dave Webb. BlueOval SK CEO Robert Rhee said the loan will be used to "strengthen critical domestic supply chains, and produce high-quality batteries for future Ford and Lincoln electric vehicles." It wasn’t all good news for Ford this week. On Wednesday, it was reported that the automaker is preparing to initiate another round of layoffs in the coming weeks. The exact number of people that Ford plans to let go is unknown. However, according to insiders, it is expected that the layoffs will affect employees in Ford\'s gas-engine division, as well as its EV and software department teams. They are expected to mostly include U.S. salaried workers. Get ready to supercharge your investment strategy with our exclusive discounts. Don\'t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won\'t last forever! Related Articles This week in EVs: Tesla Supercharger network picks up more momentum Lofty valuations on US stocks a growing worry for investors Russia back in investors\' focus after weekend mutiny', 'Investing.com -- Here is your weekly Pro Recap of the past week\'s biggest headlines in the electric vehicle space: Tesla’s charging network extends national reach; China extends EV tax breaks; and Ford scores historic $9.2B loan. Get EV news like this in real time with InvestingPro . Rivian and others join Tesla\'s charging standard Tesla\'s (NASDAQ:TSLA) third week of June started strong with American electric automotive startup Rivian (NASDAQ:RIVN) announcing its decision to adopting Tesla’s North American Charging Standard (NACS), allowing Rivian drivers access to Tesla’s Supercharger network across the United States and Canada. Rivian joins fellow Michigan-based automakers Ford (NYSE:F) and General Motors (NYSE:GM), which also recently announced deals with Tesla to gain access to Superchargers. “We’re excited to work with Tesla and to see collaborations like this help advance the world toward carbon neutrality.” Said Rivian CEO RJ Scaringe. “The adoption of the North American Charging Standard will enable our existing and future customers to leverage Tesla’s expansive Supercharger network while we continue to build out our Rivian Adventure Network. We look forward to continuing to find new ways to accelerate EV adoption.” Rivian wasn’t the only adopter of the Tesla standard this week. Not long after Rivian’s announcement, privately owned BTC Power, a California-based EV charger manufacturer, revealed that it will also adopt the NACS to its EV chargers starting next year. The move follows similar ones at several rival charging companies, among them ChargePoint (NYSE:CHPT) and Evgo (NASDAQ:EVGO). "By including the NACS connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said. Analysts and investors alike are awaiting the next wave of Tesla standard adopters. Stellantis (NYSE:STLA) has been quiet since revealing that they are considering their choices on the matter. Story continues Hyundai (OTC:HYMLY) held its 2023 CEO Investor Day on Tuesday where CEO Jaehoon Chang revealed that the South Korean automaker is also considering adopting the charge port, but he stopped short as the company says they are taking the time to consider whether the switch would be in their customers’ best interest. One issue, Chang said, is that Tesla\'s current network of Superchargers does not allow for the faster charging Hyundai\'s EVs can achieve on other chargers. "That\'s what we will look into from the customer\'s perspective," Chang told analysts at the automaker\'s investor day. Chang told investors that Hyundai would consult with Tesla to determine whether adjustments could be made to its charging system for Hyundai customers so they can charge faster. Also on Tuesday, the Texas Department of Transportation announced the state would require EV charging companies to include both Tesla\'s standard as well as the nationally recognized CCS. According to the department, all charging manufacturers building EV chargers for the state of Texas will be required to include both connections on their units if they expect to be part of a state program to electrify highways using federal dollars. "The decision by Ford, GM, and now Rivian to adopt NACS changed requirements for Phase 1" of the rollout, the Texas Department of Transportation said in an email Tuesday. China\'s extended tax policy energizes EV stocks Shares of Chinese EV names Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and Xpeng Inc (NYSE:XPEV) saw a boost in trading on Wednesday after China extended a tax exemption policy for new energy vehicles (NEVs). According to the latest policy, the purchase tax for NEVs will receive exemptions for purchases made during the period of 2024-2025. For purchases made between 2026 and 2027, the tax will be cut in half to just 5%. Additionally, the tax exemption amount per car should not exceed RMB30k during the 2024-2025 period and should not exceed RMB15k per car in the 2026-2027 period. Back in September 2014, China started giving NEVs a break from the purchase tax to encourage their growth. The policy was supposed to end in 2017, but it was extended until the end of 2020, and then again in April 2020, this time until the end of 2022. In September 2022, the government dropped the news that the tax exemption for NEVs will keep rolling until the end of 2023. Ford\'s historic subsidy boosts US EV production Ford has secured one of largest automotive industry subsidies in U.S. history to boost EV production, part of the Biden administration’s efforts to compete with Chinese manufacturing. The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford and South Korea\'s SK On to help build three battery plants in Tennessee and Kentucky - the biggest-ever award from the government program. This is the sixth loan for battery supply chain projects from the ATVM program. Tesla received a $465 million loan in 2010 from the program that allowed it to open a plant in Fremont, California, and build the Model S electric car. It repaid the loan in 2013. The head of the Energy Department\'s Loan Programs Office, Jigar Shah, said in an interview that the department’s goal "is to have people choose to put these supply chains here in the United States, not in other countries, and to do them faster and more confidently here." The project is expected to create 5,000 construction jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running. "Major technology transitions have always been accelerated by collaboration between the public and private sectors," said Ford Treasurer Dave Webb. BlueOval SK CEO Robert Rhee said the loan will be used to "strengthen critical domestic supply chains, and produce high-quality batteries for future Ford and Lincoln electric vehicles." It wasn’t all good news for Ford this week. On Wednesday, it was reported that the automaker is preparing to initiate another round of layoffs in the coming weeks. The exact number of people that Ford plans to let go is unknown. However, according to insiders, it is expected that the layoffs will affect employees in Ford\'s gas-engine division, as well as its EV and software department teams. They are expected to mostly include U.S. salaried workers. Get ready to supercharge your investment strategy with our exclusive discounts. Don\'t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won\'t last forever! Related Articles This week in EVs: Tesla Supercharger network picks up more momentum Lofty valuations on US stocks a growing worry for investors Russia back in investors\' focus after weekend mutiny', 'Some of the biggest names in finance are making new bets on cryptocurrencies, adding competition and momentum to an upstart industry that is under increasing pressure from US regulators. The world\'s largest money manager, BlackRock ( BLK ), wants to start a new exchange-traded fund that would use bitcoin as an underlying asset . Two other sizable money managers, Fidelity Investments and Charles Schwab ( SCHW ), are backing a new cryptocurrency exchange with Citadel Securities. And one of the world\'s biggest lenders, Deutsche Bank, wants to operate a crypto custody business that would hold digital assets for its clients. These endorsements from institutions that have a track record on Wall Street are helping to push the value of cryptocurrencies higher, especially bitcoin ( BTC-USD ). The world’s largest cryptocurrency rose to its highest price in a year on Friday, to $31,389, after climbing above $30,000 for the first time since April. Through Friday bitcoin had risen 81% year to date. Other cryptocurrencies also surged this week, including ether ( ETH-USD ) and Avalanche\'s AVAX ( AVAX-USD ) token. The total market capitalization for crypto assets reached $1.2 trillion on Friday, 14% higher than where it stood a week earlier. Rising peril This new interest from mainstream financial institutions comes at a time of rising peril for an industry that struggled to regain its footing following the 2022 implosion of cryptocurrency exchange FTX and the regulatory crackdown that followed. The Securities and Exchange Commission earlier this month filed lawsuits against the biggest crypto exchanges in the US and the world, Coinbase ( COIN ) and Binance , alleging they both allowed digital currencies to trade on their platforms that should have been registered with the agency. That stoked new concerns that it could become more difficult to trade certain digital assets. Since the beginning of 2023 the SEC has charged 15 different crypto actors with violating securities laws. Story continues A surprise turnaround in sentiment about the industry started June 15, when BlackRock, which controls more than $9 trillion in assets, filed paperwork with the SEC to create a spot bitcoin exchange-traded fund. Such a fund would be tagged to the value of the original digital asset instead of merely tracking bitcoin futures. Coinbase would be the custodian for the bitcoin holdings. "I think there\'s an element of — we need institutional custodians to step in and play roles and participate in digital token economies," BlackRock’s head of strategic partnerships Joseph Chalom said Thursday at the Coinbase State of Crypto Summit in partnership with the FT. The value of bitcoin soared on the announcement. Other institutional players such as Invesco and Wisdom Tree Investments quickly followed by renewing spot bitcoin ETF applications they had previously submitted to regulators. The efforts still face a significant hurdle. The SEC has denied 27 prior applications to create spot bitcoin ETFs since 2013, arguing the products are vulnerable to market manipulation. Wisdom Tree, in fact, was turned away in 2021. One asset manager, Grayscale Investments, is suing the SEC because it wasn\'t allowed to convert its Grayscale Bitcoin Trust ( GBTC ) into a spot bitcoin offering. \'Conflicts of interest\' Another catalyst for the industry came this week when a new cryptocurrency exchange that has backing from Citadel, Fidelity and Charles Schwab said it had begun executing trades. The venture, EDX Markets, began discussing its plans in late 2022 and touting itself as an operation that would "remove significant conflicts of interest that affect existing cryptocurrency exchanges." It made the same point again last week, citing a "non-custodial model designed to mitigate conflicts of interest." It won\'t handle digital assets owned by customers, instead running a marketplace where buyers and sellers deal with each other directly. As part of FTX\'s collapse last year it was revealed that an affiliated trading firm used customer assets to make its own trades. The SEC has also alleged that Binance misused customer funds, a charge Binance denies. Securities and Exchange Commission Chairman Gary Gensler. (AP Photo/Jacquelyn Martin, File) (ASSOCIATED PRESS) Earlier this month SEC Chair Gary Gensler said in a briefing with reporters that a standard business model for crypto exchanges is "built on conflicts," "limited disclosure” and “at times deception." Jamil Nazarali, CEO of EDX, said in an interview that "FTX just validated our business model." What EDC is doing, he added, is "taking the best of the digital world, 24 by seven trading, many of the innovations of blockchain and combining it with the investor protections in traditional finance." EDX says it will offer trading in just four cryptocurrencies—bitcoin, ether, litecoin and bitcoin cash. None of those assets have been deemed securities by the SEC, allowing EDX to potentially sidestep some of the problems encountered by Coinbase and Binance. Together those exchanges allow the trading of 19 digital currencies that the SEC has labeled as securities, meaning they need to be registered with the agency. In total the agency has designated 55 cryptocurrencies as securities in various lawsuits, according to data compiled by Cryptorank.io. Coinbase is fighting the suit and denies the SEC\'s claims. On Thursday its CEO Brian Armstrong did not sound worried while speaking at a crypto conference in New York. Coinbase CEO Brian Armstrong. (Photo by Steven Ferdman/Getty Images) (Steven Ferdman via Getty Images) Instead he said in the next five to seven years the Coinbase platform could turn into a "superapp\' like WeChat, which is used in Asia for everything from messaging to banking to ordering food. "Despite some negative rhetoric, headlines, this industry is moving forward," he said. Roger Bayston, head of digital assets for Franklin Templeton, said the scrutiny from regulators is necessary. "\u200b\u200bAs much as it\'s been bumpy, regulatory clarity really is clearing the decks for the adoption of standards that will allow capital to flow," he told Yahoo Finance. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance', 'Some of the biggest names in finance are making new bets on cryptocurrencies, adding competition and momentum to an upstart industry that is under increasing pressure from US regulators.\nThe world\'s largest money manager, BlackRock (BLK),wants to start a new exchange-traded fund that would use bitcoin as an underlying asset.\nTwo other sizable money managers,Fidelity Investments and Charles Schwab(SCHW), are backing a newcryptocurrency exchangewith Citadel Securities.\nAnd one of the world\'s biggest lenders, Deutsche Bank, wants to operate a crypto custody business that would hold digital assets for its clients.\nThese endorsements from institutions that have a track record on Wall Streetare helping to push the value of cryptocurrencies higher,especially bitcoin (BTC-USD).\nThe world’s largest cryptocurrency rose to its highest price in a year on Friday, to $31,389, after climbing above $30,000 for the first time since April. Through Friday bitcoin had risen 81% year to date.\nOther cryptocurrencies also surged this week, including ether (ETH-USD) and Avalanche\'s AVAX (AVAX-USD) token.\nThe total market capitalization for crypto assets reached $1.2 trillion on Friday, 14% higher than where it stood a week earlier.\nThis new interest from mainstream financial institutions comes at a time of rising peril for an industry that struggled to regain its footing followingthe 2022 implosion of cryptocurrency exchange FTXand the regulatory crackdown that followed.\nThe Securities and Exchange Commission earlier this month filed lawsuits against the biggest crypto exchanges in the US and the world,Coinbase(COIN) andBinance, alleging they both allowed digital currencies to trade on their platforms that should have been registered with the agency.\nThat stoked new concerns that it could become more difficult to trade certain digital assets. Since the beginning of 2023 the SEC has charged 15 different crypto actors with violating securities laws.\nA surprise turnaround in sentiment about the industry started June 15, when BlackRock, which controls more than $9 trillion in assets,filed paperwork with the SECto create a spot bitcoin exchange-traded fund.\nSuch a fund would be tagged to the value of the original digital asset instead of merely tracking bitcoin futures. Coinbase would be the custodian for the bitcoin holdings.\n"I think there\'s an element of — we need institutional custodians to step in and play roles and participate in digital token economies," BlackRock’s head of strategic partnerships Joseph Chalom said Thursday at the Coinbase State of Crypto Summit in partnership with the FT.\nThe value of bitcoin soared on the announcement. Other institutional players such as Invesco and Wisdom Tree Investments quickly followed by renewing spot bitcoin ETF applications they had previously submitted to regulators.\nThe efforts still face a significant hurdle. The SEC has denied 27 prior applications to create spot bitcoin ETFs since 2013, arguing the products are vulnerable to market manipulation.\nWisdom Tree, in fact, was turned away in 2021. One asset manager, Grayscale Investments, is suing the SEC because it wasn\'t allowed to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin offering.\nAnother catalyst for the industry came this week when a new cryptocurrency exchange that has backing from Citadel, Fidelity and Charles Schwab said it had begun executing trades.\nThe venture, EDX Markets, began discussing its plans in late 2022 and touting itself as an operation that would "remove significant conflicts of interest that affect existing cryptocurrency exchanges."\nIt made the same point again last week, citing a "non-custodial model designed to mitigate conflicts of interest." It won\'t handle digital assets owned by customers, instead running a marketplace where buyers and sellers deal with each other directly.\nAs part of FTX\'s collapse last year it was revealed that an affiliated trading firm used customer assets to make its own trades. The SEC has also alleged that Binance misused customer funds, a charge Binance denies.\nEarlier this month SEC Chair Gary Gensler said in a briefing with reporters that a standard business model for crypto exchanges is "built on conflicts," "limited disclosure” and “at times deception."\nJamil Nazarali, CEO of EDX, said in an interview that "FTX just validated our business model." What EDC is doing, he added, is "taking the best of the digital world, 24 by seven trading, many of the innovations of blockchain and combining it with the investor protections in traditional finance."\nEDX says it will offer trading in just four cryptocurrencies—bitcoin, ether, litecoin and bitcoin cash. None of those assets have been deemed securities by the SEC, allowing EDX to potentially sidestep some of the problems encountered by Coinbase and Binance.\nTogether those exchanges allow the trading of 19 digital currencies that the SEC has labeled as securities, meaning they need to be registered with the agency. In total the agency has designated 55 cryptocurrencies as securities in various lawsuits, according to data compiled by Cryptorank.io.\nCoinbase is fighting the suit and denies the SEC\'s claims. On Thursday its CEO Brian Armstrong did not sound worried while speaking at a crypto conference in New York.\nInstead he said in the next five to seven years the Coinbase platform could turn into a "superapp\' like WeChat, which is used in Asia for everything from messaging to banking to ordering food.\n"Despite some negative rhetoric, headlines, this industry is moving forward," he said.\nRoger Bayston, head of digital assets for Franklin Templeton, said the scrutiny from regulators is necessary.\n"\u200b\u200bAs much as it\'s been bumpy, regulatory clarity really is clearing the decks for the adoption of standards that will allow capital to flow," he told Yahoo Finance.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance', 'Hong Kong, China--(Newsfile Corp. - June 25, 2023) - In an effort to take advantage of the emerging crypto market growth in China and Hong Kong, Rimaunangis Token (RXT) has partnered with Bitcoin Man. This collaborative project was officially launched on June 22, 2023 in Dragon I Lounge Hongkong.\nFigure 1\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_001full.jpg\nThis step was taken after the Hong Kong Authority legalized Cryptocurrency Trading on June 1, 2023. RXT and Bitcoin Man also have same vision, Hong Kong always be the Financial Hub for Asia.\nRimaunangis is a project that creates the RXT Token as a digital asset using blockchain technology to update the conventional Food and lifestyle industry. The RXT Token is used to access the entire RXT Ecosystem, with the future vision of creating many additional ecosystems that provide access to financial and creative products. The project also includes the launch of the unique P2E Game Metaverse, a special collection of NFTs, and an NFT marketplace that will be dedicated to the RXT community.\nFigure 2\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_002full.jpg\nThus, Rimaunangis aims to present innovative solutions by leveraging blockchain technology in different industrial sectors. In addition, Rimaunangis also presents a broad ecosystem through three different websites and Apps:\n1. online movie Platform for Indi Movie Malaysia:https://www.rimaunangis.TV\n2. E-commerce for Any Dairy Farm products:https://www.rimaunangis.com\n3. NFT Marketplace for farming Production based on Sharia Law:https://www.farming.online\n4. NFT Farming with Level Marketing:https://farmingviaNFT.io\nThese Four sites provide access to various information related to the project, including the latest news, usage guides, and instructions on how to utilize and invest in Rimaunangis Token (RXT). Also dont forget to visit our Company website at:\nhttps://rimaunangis.worldOrhttps://RXT.world\nIn this collaborative project, Bitcoin Man brings their expertise and experience in the cryptocurrency field. By joining forces with Rimaunangis, they hope to create a healthy and trusted ecosystem for all across the World from Hong Kong.\nRimaunangis Token (RXT) has a strong potential to attract investors and users in all around the World. Through a real business supporting the RXT Token. RXT hopes to provide stability and security to their token holders. This collaborative project reflects a global trend in the crypto industry, where collaborations between tokens and cryptocurrency companies such as Bitcoin Man are becoming increasingly common.\nBy leveraging different expertise and resources, such projects can provide greater benefits to token holders as well as generate a positive impact on the crypto market as a whole. With the launch of this collaborative project, Rimaunangis Token (RXT) and Bitcoin Man hope to capitalize on the growth opportunities that exist in the World crypto markets, while providing security and transparency to users.\nAbout Bitcoin ManBitcoin Man™, established in 2016, is a venture capital and accelerator, specialized in the web3 futurism industry. The Bitcoin Man is founded by Herbert Sim, a notable FinTech influencer with over a million followers across his verified blue tick social media pages. For more information, head toTheBitcoinMan.com.\nContact details:Rimaunangis Digital LLCTblisi - Georgia\nJohn [email protected]\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/171235', 'Hong Kong, China--(Newsfile Corp. - June 25, 2023) - In an effort to take advantage of the emerging crypto market growth in China and Hong Kong, Rimaunangis Token (RXT) has partnered with Bitcoin Man. This collaborative project was officially launched on June 22, 2023 in Dragon I Lounge Hongkong.\nFigure 1\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_001full.jpg\nThis step was taken after the Hong Kong Authority legalized Cryptocurrency Trading on June 1, 2023. RXT and Bitcoin Man also have same vision, Hong Kong always be the Financial Hub for Asia.\nRimaunangis is a project that creates the RXT Token as a digital asset using blockchain technology to update the conventional Food and lifestyle industry. The RXT Token is used to access the entire RXT Ecosystem, with the future vision of creating many additional ecosystems that provide access to financial and creative products. The project also includes the launch of the unique P2E Game Metaverse, a special collection of NFTs, and an NFT marketplace that will be dedicated to the RXT community.\nFigure 2\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/171235_c92f20cac419bb31_002full.jpg\nThus, Rimaunangis aims to present innovative solutions by leveraging blockchain technology in different industrial sectors. In addition, Rimaunangis also presents a broad ecosystem through three different websites and Apps:\n1. online movie Platform for Indi Movie Malaysia:https://www.rimaunangis.TV\n2. E-commerce for Any Dairy Farm products:https://www.rimaunangis.com\n3. NFT Marketplace for farming Production based on Sharia Law:https://www.farming.online\n4. NFT Farming with Level Marketing:https://farmingviaNFT.io\nThese Four sites provide access to various information related to the project, including the latest news, usage guides, and instructions on how to utilize and invest in Rimaunangis Token (RXT). Also dont forget to visit our Company website at:\nhttps://rimaunangis.worldOrhttps://RXT.world\nIn this collaborative project, Bitcoin Man brings their expertise and experience in the cryptocurrency field. By joining forces with Rimaunangis, they hope to create a healthy and trusted ecosystem for all across the World from Hong Kong.\nRimaunangis Token (RXT) has a strong potential to attract investors and users in all around the World. Through a real business supporting the RXT Token. RXT hopes to provide stability and security to their token holders. This collaborative project reflects a global trend in the crypto industry, where collaborations between tokens and cryptocurrency companies such as Bitcoin Man are becoming increasingly common.\nBy leveraging different expertise and resources, such projects can provide greater benefits to token holders as well as generate a positive impact on the crypto market as a whole. With the launch of this collaborative project, Rimaunangis Token (RXT) and Bitcoin Man hope to capitalize on the growth opportunities that exist in the World crypto markets, while providing security and transparency to users.\nAbout Bitcoin ManBitcoin Man™, established in 2016, is a venture capital and accelerator, specialized in the web3 futurism industry. The Bitcoin Man is founded by Herbert Sim, a notable FinTech influencer with over a million followers across his verified blue tick social media pages. For more information, head toTheBitcoinMan.com.\nContact details:Rimaunangis Digital LLCTblisi - Georgia\nJohn [email protected]\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/171235', 'After Federal Reserve Chair Jay Powell\'s comments hinting at more interest rate hikes in 2023sent the three major indices lowerlast week, investors will once again be focused on the Fed\'s next moves with inflation data, two checks on consumer confidence, and results from Nike (NKE) highlighting the final week of June and the first half of 2023.\nThe Personal Consumption Expenditures (PCE) index, the Fed\'s preferred inflation indicator, out Friday morning will be week\'s biggest economic data release.\nTuesday and Friday will bring consumer checks from The Conference Board and the University of Michigan, respectively, while housing data also dots the schedule.\nOn the earnings side, results from Nike, Carnival (CCL), Walgreens (WBA), and Rite Aid (RAD) will be key highlights.\nInvestors will look to close a strong month, quarter, and first half of 2023 on a high note after recording their worst week in months.\nAll three of the major averagesclosed the weeklower with the Nasdaq Composite (^IXIC) experiencing its first weekly loss in the last eight, while the S&P 500 (^GSPC) snapped a five-week win streak. Stocks are still largely up in June, though.\nEntering the final week of the month, the Nasdaq is up more than 7% while the S&P 500 has risen nearly 5% and the Dow Jones Industrial Average (^DJI) is higher by just over 2%. Through the first half of the year, the Nasdaq remains up more than 28% with the S&P sitting on gains north of 13%.\nDuring two days of testimony on Capitol Hill, Powellcalledinflation "more persistent than we\'ve expected," adding the central bank has a "long way to go" to bring inflation down. With limited data between now and the Fed\'s next policy announcement on July 26, Friday\'s inflation data will be even more closely watched.\nLast week, Powell referenced "core" PCE as being particularly stubborn.\nData on Friday is expected to show "core" PCE — which strips out the costs of food and energy — rose 4.7% over the prior year in May, unchanged from April. The Fed targets 2% inflation, on average. Over the prior month, "core" PCE is expected to rise 0.4% in May.\n"May core PCE inflation is likely to be softer (we project 0.29% MoM), but we expect non-shelter services inflation to remain stubbornly high in coming months," Citi\'s team of economists wrote in a note on Friday. "A resurgent housing market is raising further upside risks to 2024 inflation."\nData for new home sales and the S&P CoreLogic Case-Shiller U.S. National Home Price index are expected on Tuesday. Economists project home prices fell 2.6% year-over-year in April.\nOn the earnings front, Nike results will headline the list of the companies reporting. The nation’s leading athletic apparel brand has made progress offloading excess inventory over the last several quarters. But while the company already signaled it reached peak inventory bloat,some Wall Street analystsare still concerned inventory headwinds will weigh on gross margin growth.\nNike\'s report will provide a clearer picture of the state of wholesale retail inventories after Foot Locker (FL)warned of troublesduring its most recent quarterly earnings report.\n"Recent [North America] & Europe sportswear channel checks make it clear that demand for mass sportswear has potentially slowed, leaving a sizable inventory glut across the industry that is currently being promoted away...a potential headwind that could pressure NKE revenue & margin," Morgan Stanley equity analyst Alex Straton wrote in a note on Tuesday.\nBroadly, markets might be searching for a new catalyst as the AI driven rally in tech stocks took a backseat to other momentum trades to end the week.\nAs Yahoo Finance\'s Jared Blikrepointed out on Friday, investors appeared to dump some recent winners to end the week, with semiconductors falling and Bitcoin hitting a new 52-week high.\nFundstrat head of research Tom Lee wrotein a note on Fridaythat the pull back last week was "overdue."\n"The obvious question for everyone is whether this 2% pullback represents a local top (or even a major top) or is this a shorter term pullback that needs to be bought," Lee wrote.\nLee says stock market bears will point to more Fed rate hikes on tap,the potential for an earnings decline in the second half of the year, and a1999-like bubble in AI. But Lee remains in the camp that inflation is cooling and believes that will play out in the week ahead with PCE and housing data.\n"To us, this looks increasingly like an economy slipping into an expansion, not sliding into a recession," Lee wrote. "And this makes early cycle/risk-on positioning more appropriate."\nEconomic data: Dallas Fed Manufacturing Activity (-20 expected, -29.1 previously)\nEarnings: Carnival (CCL)\nEconomic data: New home sales, May (675,000 annualized rate expected, 683,000 previously); New home sales, month-over-month, May (-1.2% expected, +4.1% previously); Durable goods, May (-0.9% expected, +1.1% previously); Conference Board Consumer Confidence (104 expected, 102.3 previously); S&P CoreLogic Case-Shiller, 20-City Composite home price index, month-over-month, April (+0.35% expected, +0.45% previously); S&P CoreLogic Case-Shiller 20-City Composite home price index, year-over-year, April (-2.6% expected, -1.15% previously)\nEarnings: Jefferies Financial Group (JEF), Walgreens Boots Alliance (WBA)\nEconomic data: MBA Mortgage Applications, week ending June 23 (+0.5% prior); Wholesale inventories month-over-month, May (-0.1% expected, -0.1% previously); Retail inventories month-over-month, May (0.2% previously)\nEarnings: Blackberry (BB), General Mills (GIS), Micron (MU)\nEconomic data: First quarter GDP, third estimate (+1.4% annualized rate expected, +1.3% previously); First quarter personal consumption, third estimate (3.8% expected, 3.8% prior); Initial jobless claims, week ended June 24 (265,000 expected, 264,000 previously); Continuing jobless Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $593,359,535,381 - Hash Rate: 398160232.4659646 - Transaction Count: 382769.0 - Unique Addresses: 656558.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Xapo Bank, a Gibraltar-based cryptocurrency bank backed by SoftBank, DST Global and Ribbit Capital, has announced its expansion to India, the worlds most populous nation. See related article: JPMorgan teams up with Indian banks for blockchain-based settlements: Bloomberg Fast facts Xapo Bank said on Thursday that it has started offering its full suite of crypto and financial services to Indian customers. Xapo Bank offers 4.1% annual interest on U.S. dollar deposits and 1% on Bitcoin, with daily payouts in satoshis, according to its website. The bank allows crypto-to-fiat conversions, immediate stablecoin-to-fiat exchanges, and facilitates British pound or euro transfers. Xapo Banks decision to accept members across South Asia, including India, represents an opportunity to provide our hybrid banking and investment solutions to its large underserved populations, bridging an important gap in the regions financial systems, Seamus Rocca, chief executive of Xapo Bank, said in a statement on Thursday. Attracting about US$15.5 billion in total foreign inflows between January and March this year, India, home to 1.4 billion people, presents a lucrative investment opportunity. Fitch Ratings further boosted investor confidence on Thursday by revising Indias economic growth forecast to 6.3%, up from an earlier 6%. Asias third-largest economy has also managed to put up a strong fight amid a slowing global economy. For the January to March quarter of 2023, Indias gross domestic product grew by 6.1%, while that of China , the worlds second largest economy, grew by 2.2% in January-March. However, India has been cautious with cryptocurrency trading. The South Asian nation imposes a 30% flat tax on crypto income, a 1% tax deducted at source on trades above 10,000 rupees (US$122), and forbids offsetting losses against gains. Late payment invites a 15% annual interest penalty and possible imprisonment for up to six months. See related article: India, UAE to collaborate on cross-border central bank digital currencies... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['In an enlightening interview hosted by Justin Roberti and myself, J Rod Safdiye , at the Benzinga Crypto Unlocked virtual event, we dove deep into the future of W eb3 gaming with Jihoz , the co-founder of Axie Infinity (CRYPTO: AXS ) and Sky Mavis . The conversation spanned an array of topics,\xa0from the merits of gaming as an introduction to Web3, the fluctuations of Web3 gaming economies, to the potential of dynamic NFTs. Jihoz shared a wealth of knowledge about the rapidly evolving landscape of Web3 gaming and NFTs. Gaming as the Gateway to Web3 Jihoz believes games are the best vehicle for onboarding people to Web3. He explained, "Our thesis is that games are the best way to onboard people to Web3 because it combines something that 2\xa0billion people on this planet are familiar with." His comments during the Benzinga event underscored the importance of gaming as an entry point into the burgeoning Web3 space. See Also: Analyst Says Bitcoin Is Facing This Massive Headwind As It Hovers Above $30,000 The Ebb and Flow of Play-to-Earn Web3 Gaming Economies When queried about how the\xa0"play to earn" narrative matured during this bear market, Jihoz responded by saying, "Play to earn was a very good catchphrase and that it very simplified one of the new benefits of a Web3 gaming economy." "What I believe is that the profits and the economic opportunities in these digital economies will ebb and flow, just like Bitcoin mining profitability ebbs and flows," he articulated. His analogy between the crypto mining industry and Web3 gaming illustrated\xa0the parallel economic forces at play, further emphasizing the potential and risks, and benefits of play-to-earn games in the web3 realm. Extending the Axie Universe: A Look at Axie Infinity Homeland Shedding\xa0light on the expansion of the Axie brand, Axie\xa0now includes Axie Infinity Homeland, an immersive city-building experience set within the Axie universe. "Axie Infinity Homeland is absolutely beautiful. It\'s gorgeous, and it\'s in Alpha right now," Jihoz revealed to the Benzinga audience. Story continues See Also: JPMorgan Says Sustainable Energy Will Be A Game-Changer In Bitcoin Mining Ronin: The Future of Web3 Gaming Infrastructure On expanding the horizons of Ronin (CRYPTO:RON) , the infrastructure behind Axie Infinity, Jihoz shared that they had just announced five games from outside the Axie universe powered by Ronin. "The best Web3 gaming infrastructure will be built by the team that\'s actually built Web3 games and has successfully scaled them," he stated confidently. Speaking about the evolution of Ronin, Jihoz illustrated how their homegrown infrastructure is attracting game developers beyond Axie Infinity. "We just announced five games from outside of the Axie universe that are actually going to be built and powered by Ronin," he mentioned, signaling the increasing versatility of the platform. The North Korean Breach: Recoveries and User Restoration Reflecting on last year\'s breach by North Korean actors, Jihoz opened up about the steps taken to restore user confidence and compensate for losses. Jihoz proudly stated that all users had been fully reimbursed for their losses.\xa0"We were able to weather it, everyone was paid back fully," he assured, highlighting the importance of security in the rapidly evolving Web3 space. "One thing that\'s been really exciting is that actually, you know, up to $30 to $40 million of those funds have been recovered by different law enforcement agencies," he explained. The Future of Gaming and NFTs: Dynamic NFTs Looking ahead, Jihoz hopes to see more innovations and new mechanics that aren\'t possible in traditional gaming. "I think the question to ask is what is the major breakthrough in Web3 gaming that someone is working on right now," he pondered, suggesting the idea of dynamic NFTs, where an NFT can be altered or upgraded by player\'s efforts, as one possible future breakthrough. Looking to the future, Jihoz believes dynamic NFTs represent a significant breakthrough. "I think one idea is the idea of a dynamic NFT where you can put your time, your effort, your skill into earning, crafting materials, experience points," he shared. These dynamic elements, Jihoz suggested, could cultivate a more sustainable consumptive economy in the gaming industry. Without a doubt, Jihoz is an authority when it comes to developing projects in a Web3 environment. He has succeeded in cultivating a principled and\xa0united community, reflecting his own character. The fact that he compensated all the affected users speaks volumes about the quality of leadership found in him. Certainly, the entire crypto community will continue to benefit from the developments that Axie Infinity, Sky Mavis\xa0and Ronin have to present to us in the near future. Join Benzinga\'s Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now ! Don\'t miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . This article EXCLUSIVE: Axie Infinity\'s Co-Founder Discusses GameFi Success and Future Plans at Crypto Unlocked originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'In an enlightening interview hosted byJustin Robertiand myself,J Rod Safdiye, at theBenzinga Crypto Unlockedvirtual event, we dove deep into the future ofWeb3gaming withJihoz, the co-founder ofAxie Infinity (CRYPTO:AXS)andSky Mavis. The conversation spanned an array of topics,\xa0from the merits of gaming as an introduction to Web3, the fluctuations of Web3 gaming economies, to the potential of dynamic NFTs. Jihoz shared a wealth of knowledge about the rapidly evolving landscape of Web3 gaming and NFTs.\nJihoz believes games are the best vehicle for onboarding people to Web3. He explained, "Our thesis is that games are the best way to onboard people to Web3 because it combines something that 2\xa0billion people on this planet are familiar with." His comments during the Benzinga event underscored the importance of gaming as an entry point into the burgeoning Web3 space.\nSee Also:Analyst Says Bitcoin Is Facing This Massive Headwind As It Hovers Above $30,000\nWhen queried about how the\xa0"play to earn" narrative matured during this bear market, Jihoz responded by saying, "Play to earn was a very good catchphrase and that it very simplified one of the new benefits of a Web3 gaming economy.""What I believe is that the profits and the economic opportunities in these digital economies will ebb and flow, just like Bitcoin mining profitability ebbs and flows," he articulated. His analogy between the crypto mining industry and Web3 gaming illustrated\xa0the parallel economic forces at play, further emphasizing the potential and risks, and benefits of play-to-earn games in the web3 realm.\nShedding\xa0light on the expansion of the Axie brand, Axie\xa0now includes Axie Infinity Homeland, an immersive city-building experience set within the Axie universe. "Axie Infinity Homeland is absolutely beautiful. It\'s gorgeous, and it\'s in Alpha right now," Jihoz revealed to the Benzinga audience.\nSee Also:JPMorgan Says Sustainable Energy Will Be A Game-Changer In Bitcoin Mining\nOn expanding the horizons ofRonin (CRYPTO:RON), the infrastructure behind Axie Infinity, Jihoz shared that they had just announced five games from outside the Axie universe powered by Ronin. "The best Web3 gaming infrastructure will be built by the team that\'s actually built Web3 games and has successfully scaled them," he stated confidently.\nSpeaking about the evolution of Ronin, Jihoz illustrated how their homegrown infrastructure is attracting game developers beyond Axie Infinity. "We just announced five games from outside of the Axie universe that are actually going to be built and powered by Ronin," he mentioned, signaling the increasing versatility of the platform.\nReflecting on last year\'s breach by North Korean actors, Jihoz opened up about the steps taken to restore user confidence and compensate for losses. Jihoz proudly stated that all users had been fully reimbursed for their losses.\xa0"We were able to weather it, everyone was paid back fully," he assured, highlighting the importance of security in the rapidly evolving Web3 space.\n"One thing that\'s been really exciting is that actually, you know, up to $30 to $40 million of those funds have been recovered by different law enforcement agencies," he explained.\nLooking ahead, Jihoz hopes to see more innovations and new mechanics that aren\'t possible in traditional gaming. "I think the question to ask is what is the major breakthrough in Web3 gaming that someone is working on right now," he pondered, suggesting the idea of dynamic NFTs, where an NFT can be altered or upgraded by player\'s efforts, as one possible future breakthrough.\nLooking to the future, Jihoz believes dynamic NFTs represent a significant breakthrough. "I think one idea is the idea of a dynamic NFT where you can put your time, your effort, your skill into earning, crafting materials, experience points," he shared. These dynamic elements, Jihoz suggested, could cultivate a more sustainable consumptive economy in the gaming industry.\nWithout a doubt, Jihoz is an authority when it comes to developing projects in a Web3 environment. He has succeeded in cultivating a principled and\xa0united community, reflecting his own character. The fact that he compensated all the affected users speaks volumes about the quality of leadership found in him. Certainly, the entire crypto community will continue to benefit from the developments that Axie Infinity, Sky Mavis\xa0and Ronin have to present to us in the near future.\nJoin Benzinga\'s Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space.Secure early bird discounted tickets now!\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleEXCLUSIVE: Axie Infinity\'s Co-Founder Discusses GameFi Success and Future Plans at Crypto Unlockedoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs. Bitcoin little changed Bitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization rose 15.44% in the past seven days. Ether gained 1.18% to US$1,898, with a 10.32% weekly gain. Polkadot led gains among the top 10 non-stablecoin cryptocurrencies with a 3.28% 24-hour rise to post a weekly gain of 14.28%. Beside Bitcoin, Litecoin was the only token on the list edging lower, dropping 1.48% over the past 24 hours but up 14.24% for the week. On Friday, the U.S. Securities and Exchange Commission (SEC) approved the nation\x92s first leveraged Bitcoin futures ETF offered by Florida-based Volatility Shares, CoinDesk reported . The \x932x Bitcoin Strategy ETF\x94 is set to start trading on June 27 on CBOE BZX Exchange, according to the fund\x92s website . The ETF will not invest directly in Bitcoin but seek to benefit from increases in the price of Bitcoin futures contracts for a single day, according to its prospectus . The fund will correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll index. This comes after BlackRock and WisdomTree recently filed applications with the SEC to launch spot Bitcoin ETFs. The regulator has given a greenlight to a number of futures-based crypto ETFs but has not approved spot products. \x93The turbulences of 2022 have led to a decline in confidence in crypto-native institutions, presenting traditional financial institutions with a prime opportunity to enter the crypto market,\x94 Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto, told Forkast last week. Story continues Additionally, New York-headquartered investment bank JPMorgan Chase & Co. launched euro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday. JPM Coin allows clients to transfer euros or dollars held with their JPMorgan accounts immediately and at any time of the day, unlike traditional banking transactions that usually operate during business hours. Bored Ape Yacht Club dump The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.25% to 2,905.28 in the 24 hours to 9:40 a.m. in Hong Kong. The index, however, is up 1.08% for the week. NFT transactions on Ethereum fell 2.49% over the past 24 hours to US$18.38 million, while transactions on the Bitcoin network surged 138% to US$3.6 million, according to CryptoSlam data . \x93Ethereum is still struggling with tumbling prices, especially in Bored Ape Yacht Club (BAYC) whose average sales price remains in the low- to mid-US$70,000 range,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Over the past few days, NFT whale Jeffrey Huang , also known as Machi, has dumped dozens of his BAYC holdings. On Saturday, Machi sold 19 BAYC NFTs in one transaction on marketplace Blur for 651.56 Ether, or roughly US$1.22 million. The floor price of BAYC stood at 37.4 Ether on Blur on Monday morning in Asia, gaining 4.18% over the past day but losing 13.52% over the past week. Sales of BAYC jumped 26.11% over the past 24 hours to US$3.43 million, adding to weekly sales of US$13.11 million. BAYC was the most-sold collection for the past day and week in terms of transaction value. Ethereum-based Azuki NFT transactions rose 25.68% in the past 24 hours to US$3.07 million, the highest after BAYC. Azuki\x92s floor price on Blur rose 1.78% in the past day but was down 9.21% for the week. U.S. stock futures rise Russian President Vladimir Putin. Image: Wikimedia Commons U.S. stock futures edged higher as of 10:40 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.19%, and S&P 500 futures added 0.24%. Nasdaq Futures rose 0.32%. Equity markets across Asia were mostly mixed with investors unsettled by events in Russia over the weekend when Wagner Group mercenaries marched toward Moscow in what appeared to be a rebellion against the military leadership. The group later halted the advance, but it raised concern about instability in Russia as it may undermine the leadership of President Vladimir Putin. Oil prices rose on concern about supply disruptions from Russia, the world\x92s third-largest producer of crude oil. In macroeconomic developments, Japan\x92s services producer price index rose 1.6% year-on-year in May, according to official data released Monday. \x93Japan\x92s economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately,\x94 the Bank of Japan said Monday in the summary of opinions of June 15-16 monetary policy meetings. On U.S. inflation and interest rates, Federal Reserve Chairman Jerome Powell said last week that the central bank is in consensus on the need for more interest rate hikes this year. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 71.9% chance for another 25-basis-point rate hike, and a 28.1% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add equities section)', 'Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs.\nBitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization rose 15.44% in the past seven days.\nEther gained 1.18% to US$1,898, with a 10.32% weekly gain.\nPolkadot led gains among the top 10 non-stablecoin cryptocurrencies with a 3.28% 24-hour rise to post a weekly gain of 14.28%. Beside Bitcoin, Litecoin was the only token on the list edging lower, dropping 1.48% over the past 24 hours but up 14.24% for the week.\nOn Friday, the U.S. Securities and Exchange Commission (SEC) approved the nation’s first leveraged Bitcoin futures ETF offered by Florida-based Volatility Shares, CoinDeskreported. The “2x Bitcoin Strategy ETF” is set to start trading on June 27 on CBOE BZX Exchange, according to the fund’swebsite.\nThe ETF will not invest directly in Bitcoin but seek to benefit from increases in the price of Bitcoin futures contracts for a single day, according to itsprospectus. The fund will correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll index.\nThis comes afterBlackRockandWisdomTreerecently filed applications with the SEC to launch spot Bitcoin ETFs. The regulator has given a greenlight to a number of futures-based crypto ETFs but has not approved spot products.\n“The turbulences of 2022 have led to a decline in confidence in crypto-native institutions, presenting traditional financial institutions with a prime opportunity to enter the crypto market,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto,toldForkastlast week.\nAdditionally, New York-headquartered investment bank JPMorgan Chase & Co.launchedeuro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday.\nJPM Coin allows clients to transfer euros or dollars held with their JPMorgan accounts immediately and at any time of the day, unlike traditional banking transactions that usually operate during business hours.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.25% to 2,905.28 in the 24 hours to 9:40 a.m. in Hong Kong. The index, however, is up 1.08% for the week.\nNFT transactions on Ethereum fell 2.49% over the past 24 hours to US$18.38 million, while transactions on the Bitcoin network surged 138% to US$3.6 million, according to CryptoSlamdata.\n“Ethereum is still struggling with tumbling prices, especially in Bored Ape Yacht Club (BAYC) whose average sales price remains in the low- to mid-US$70,000 range,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nOver the past few days, NFT whaleJeffrey Huang, also known as Machi, has dumped dozens of his BAYC holdings. On Saturday, Machisold19 BAYC NFTs in one transaction on marketplace Blur for 651.56 Ether, or roughly US$1.22 million.\nThe floor price of BAYC stood at 37.4 Ether onBluron Monday morning in Asia, gaining 4.18% over the past day but losing 13.52% over the past week.\nSales of BAYC jumped 26.11% over the past 24 hours to US$3.43 million, adding to weekly sales of US$13.11 million. BAYC was the most-sold collection for the past day and week in terms of transaction value.\nEthereum-based Azuki NFT transactions rose 25.68% in the past 24 hours to US$3.07 million, the highest after BAYC.\nAzuki’s floor price on Blur rose 1.78% in the past day but was down 9.21% for the week.\nU.S. stock futures edged higher as of 10:40 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.19%, and S&P 500 futures added 0.24%. Nasdaq Futures rose 0.32%.\nEquity markets across Asia were mostly mixed with investors unsettled by events in Russia over the weekend when Wagner Group mercenariesmarchedtoward Moscow in what appeared to be a rebellion against the military leadership.\nThe group laterhaltedthe advance, but it raised concern about instability in Russia as it may undermine the leadership of President Vladimir Putin. Oil pricesroseon concern about supply disruptions from Russia, the world’s third-largest producer of crude oil.\nIn macroeconomic developments, Japan’s services producer price index rose 1.6% year-on-year in May, according to officialdatareleased Monday.\n“Japan’s economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately,” the Bank of JapansaidMonday in the summary of opinions of June 15-16 monetary policy meetings.\nOn U.S. inflation and interest rates, Federal Reserve Chairman Jerome Powell said last week that the central bank is in consensus on the need for more interest rate hikes this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 71.9% chance for another 25-basis-point rate hike, and a 28.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs.\nBitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization rose 15.44% in the past seven days.\nEther gained 1.18% to US$1,898, with a 10.32% weekly gain.\nPolkadot led gains among the top 10 non-stablecoin cryptocurrencies with a 3.28% 24-hour rise to post a weekly gain of 14.28%. Beside Bitcoin, Litecoin was the only token on the list edging lower, dropping 1.48% over the past 24 hours but up 14.24% for the week.\nOn Friday, the U.S. Securities and Exchange Commission (SEC) approved the nation’s first leveraged Bitcoin futures ETF offered by Florida-based Volatility Shares, CoinDeskreported. The “2x Bitcoin Strategy ETF” is set to start trading on June 27 on CBOE BZX Exchange, according to the fund’swebsite.\nThe ETF will not invest directly in Bitcoin but seek to benefit from increases in the price of Bitcoin futures contracts for a single day, according to itsprospectus. The fund will correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll index.\nThis comes afterBlackRockandWisdomTreerecently filed applications with the SEC to launch spot Bitcoin ETFs. The regulator has given a greenlight to a number of futures-based crypto ETFs but has not approved spot products.\n“The turbulences of 2022 have led to a decline in confidence in crypto-native institutions, presenting traditional financial institutions with a prime opportunity to enter the crypto market,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto,toldForkastlast week.\nAdditionally, New York-headquartered investment bank JPMorgan Chase & Co.launchedeuro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday.\nJPM Coin allows clients to transfer euros or dollars held with their JPMorgan accounts immediately and at any time of the day, unlike traditional banking transactions that usually operate during business hours.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.25% to 2,905.28 in the 24 hours to 9:40 a.m. in Hong Kong. The index, however, is up 1.08% for the week.\nNFT transactions on Ethereum fell 2.49% over the past 24 hours to US$18.38 million, while transactions on the Bitcoin network surged 138% to US$3.6 million, according to CryptoSlamdata.\n“Ethereum is still struggling with tumbling prices, especially in Bored Ape Yacht Club (BAYC) whose average sales price remains in the low- to mid-US$70,000 range,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nOver the past few days, NFT whaleJeffrey Huang, also known as Machi, has dumped dozens of his BAYC holdings. On Saturday, Machisold19 BAYC NFTs in one transaction on marketplace Blur for 651.56 Ether, or roughly US$1.22 million.\nThe floor price of BAYC stood at 37.4 Ether onBluron Monday morning in Asia, gaining 4.18% over the past day but losing 13.52% over the past week.\nSales of BAYC jumped 26.11% over the past 24 hours to US$3.43 million, adding to weekly sales of US$13.11 million. BAYC was the most-sold collection for the past day and week in terms of transaction value.\nEthereum-based Azuki NFT transactions rose 25.68% in the past 24 hours to US$3.07 million, the highest after BAYC.\nAzuki’s floor price on Blur rose 1.78% in the past day but was down 9.21% for the week.\nU.S. stock futures edged higher as of 10:40 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.19%, and S&P 500 futures added 0.24%. Nasdaq Futures rose 0.32%.\nEquity markets across Asia were mostly mixed with investors unsettled by events in Russia over the weekend when Wagner Group mercenariesmarchedtoward Moscow in what appeared to be a rebellion against the military leadership.\nThe group laterhaltedthe advance, but it raised concern about instability in Russia as it may undermine the leadership of President Vladimir Putin. Oil pricesroseon concern about supply disruptions from Russia, the world’s third-largest producer of crude oil.\nIn macroeconomic developments, Japan’s services producer price index rose 1.6% year-on-year in May, according to officialdatareleased Monday.\n“Japan’s economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately,” the Bank of JapansaidMonday in the summary of opinions of June 15-16 monetary policy meetings.\nOn U.S. inflation and interest rates, Federal Reserve Chairman Jerome Powell said last week that the central bank is in consensus on the need for more interest rate hikes this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 71.9% chance for another 25-basis-point rate hike, and a 28.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:If bitcoin manages to stay past $30K, we might get another leg up, says one analyst.\nInsights:Japan\'s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders.\nCoinDesk Market Index (CMI)\n1,242\n+3.5▲0.3%\nBitcoin (BTC)\n$30,535\n−19.9▼0.1%\nEthereum (ETH)\n$1,901\n+24.8▲1.3%\nS&P 500\n4,348.33\n−33.6▼0.8%\nGold\n$1,935\n+16.1▲0.8%\nNikkei 225\n32,781.54\n−483.3▼1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,242", "+3.5\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,535", "\\u221219.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+24.8\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,348.33", "\\u221233.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,935", "+16.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,781.54", "\\u2212483.3\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nETF Optimism is Powering Bitcoin\'s Continued Rally\nBitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901.\nAnalysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of itsstrongest weekly gains since March. CoinDesk Indices’Bitcoin Trend Indicator (BTI)shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days.\n“Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.”\nDiPasquale sees continued growth across the market in the coming weeks, but also volatility.\n“On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.”\nData from CoinGlassshows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week.\nThe Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on thebitcoin ETFs from BlackRock, Invesco and WisdomTree.\nMany are optimistic that the inclusion of asurveillance-sharing agreementwould be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sectorbefore it approved the first bitcoin ETFsto be listed in Toronto in 2021.\nUntil then, the question is: how high will bitcoin go?\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+5.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}]\nCrypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy\nOver the weekendCoinDesk Japan reportedthat the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation.\nThis is a huge relief for crypto startups that issue their own tokens.\nBefore the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not.\nIn short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn\'t sold the cryptocurrency (i.e., hadn\'t "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not.\nTaxing unrealized gains isn’t a policy that’s conducive to building a dynamic, successful environment for entrepreneurship.Norway tried it, and it led to an exodus. But having taxes on the unrealized gains of a token is particularly detrimental to the crypto industry as developers and other team members are often heavily compensated in these tokens to compensatefor the inherent risk of the industry – with its tremendous ups and downs.\nFor Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution.\n“What we see in Japan is a very clear taxonomy for digital assets,” Rahul Advani, Ripple’s policy lead for Asia, said in a recent interview withCoinDesk. "Regulators are now looking beyond just money laundering and terrorist financing. They\'re looking at capital, they\'re looking at bank exposures, and a very important part of that is market integrity but also consumer protection."\nJapan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges.\nFor example, despite the global bankruptcy of FTX, its Japanese subsidiary, FTX Japan, appears poised to pay its customers in full, largely due to Japan\'s careful regulation of crypto exchanges.It was the safest place to be a customerof Sam Bankman-Fried’s.\n“Japan has in its bankruptcy laws, [a priority for] exchange customers above other creditors,” he said. “So that\'s one reason why exchange customers were able to be made whole before other creditors."\nNow, in contrast, none of this is happening in the U.S.\nSure, given existing rules about capital gains in the U.S. it\'s unlikely that tokens issued by crypto companies would be taxed. But there’s no specific rules to say that this won’t happen. The U.S. Securities and Exchange Commissionwon’t even give guidanceon how it determines if something – like the issued tokens at the center of this – is or isn’t a security.\nIf the SEC won’t even advise voluntarily, good luck getting any other sort of policy development in the U.S.\nEuropean Central Bank Forum for Central Banking\nPoint Zero Forum\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Leading Economic Index (April)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Clings to $30K; Nevada Regulator Says Prime Trust Has \'Shortfall of Customer Funds\'\nBitcoin (BTC) has seen a 20% price gain since last Thursday, but could now take a breather.21.coco-founder and CEO Hany Rashwan shares\\d his crypto markets analysis. This comes as the Nevada Department of Business and Industry said crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month. Separately, Rajeev Bamra, Moody’s Investors Service SVP, DeFi and Digital Assets, weighed in on the state of U.S. crypto regulation. And, Casa CEO Nick Neuman explained why the cryptocurrency self-custody firm historically focused exclusively on the Bitcoin blockchain has added support for Ethereum.\nSoccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release:Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas.\nInfluencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations:Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals.\nCoinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts:The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021. The SEC sued the company in June for offering unregistered securities.\n2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme:The “Twitter hacker” plundered nearly $1 million from victims of his elaborate online schemes.\nCoinbase Wins Supreme Court Ruling in Arbitration Lawsuit:The company\'s clear legal victory in the U.S. high court isn\'t about crypto, but it could play into future court disputes for all businesses.', 'Good morning. Here’s what’s happening: Prices: If bitcoin manages to stay past $30K, we might get another leg up, says one analyst. Insights: Japan\'s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders. Prices CoinDesk Market Index (CMI) 1,242 +3.5 ▲ 0.3% Bitcoin (BTC) $30,535 −19.9 ▼ 0.1% Ethereum (ETH) $1,901 +24.8 ▲ 1.3% S&P 500 4,348.33 −33.6 ▼ 0.8% Gold $1,935 +16.1 ▲ 0.8% Nikkei 225 32,781.54 −483.3 ▼ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,242 +3.5 ▲ 0.3% Bitcoin (BTC) $30,535 −19.9 ▼ 0.1% Ethereum (ETH) $1,901 +24.8 ▲ 1.3% S&P 500 4,348.33 −33.6 ▼ 0.8% Gold $1,935 +16.1 ▲ 0.8% Nikkei 225 32,781.54 −483.3 ▼ 1.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) ETF Optimism is Powering Bitcoin\'s Continued Rally Bitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901. Analysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of its strongest weekly gains since March . CoinDesk Indices’ Bitcoin Trend Indicator (BTI) shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days. “Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.” DiPasquale sees continued growth across the market in the coming weeks, but also volatility. Story continues “On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.” Data from CoinGlass shows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week. The Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on the bitcoin ETFs from BlackRock , Invesco and WisdomTree. Many are optimistic that the inclusion of a surveillance-sharing agreement would be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sector before it approved the first bitcoin ETFs to be listed in Toronto in 2021. Until then, the question is: how high will bitcoin go? Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +5.4% Smart Contract Platform Polkadot DOT +3.7% Smart Contract Platform Avalanche AVAX +3.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −2.4% Entertainment Loopring LRC −1.4% Smart Contract Platform Bitcoin BTC −0.3% Currency Insights Crypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy Over the weekend CoinDesk Japan reported that the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation. This is a huge relief for crypto startups that issue their own tokens. Before the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not. In short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn\'t sold the cryptocurrency (i.e., hadn\'t "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not. Taxing unrealized gains isn’t a policy that’s conducive to building a dynamic, successful environment for entrepreneurship. Norway tried it , and it led to an exodus. But having taxes on the unrealized gains of a token is particularly detrimental to the crypto industry as developers and other team members are often heavily compensated in these tokens to compensatefor the inherent risk of the industry – with its tremendous ups and downs. For Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution. “What we see in Japan is a very clear taxonomy for digital assets,” Rahul Advani, Ripple’s policy lead for Asia, said in a recent interview withCoinDesk. "Regulators are now looking beyond just money laundering and terrorist financing. They\'re looking at capital, they\'re looking at bank exposures, and a very important part of that is market integrity but also consumer protection." Japan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges. For example, despite the global bankruptcy of FTX, its Japanese subsidiary, FTX Japan, appears poised to pay its customers in full, largely due to Japan\'s careful regulation of crypto exchanges. It was the safest place to be a customer of Sam Bankman-Fried’s. “Japan has in its bankruptcy laws, [a priority for] exchange customers above other creditors,” he said. “So that\'s one reason why exchange customers were able to be made whole before other creditors." Now, in contrast, none of this is happening in the U.S. Sure, given existing rules about capital gains in the U.S. it\'s unlikely that tokens issued by crypto companies would be taxed. But there’s no specific rules to say that this won’t happen. The U.S. Securities and Exchange Commission won’t even give guidance on how it determines if something – like the issued tokens at the center of this – is or isn’t a security. If the SEC won’t even advise voluntarily, good luck getting any other sort of policy development in the U.S. Important events. European Central Bank Forum for Central Banking Point Zero Forum 1 p.m. HKT/SGT(5 a.m. UTC): Japan Leading Economic Index (April) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Clings to $30K; Nevada Regulator Says Prime Trust Has \'Shortfall of Customer Funds\' Bitcoin (BTC) has seen a 20% price gain since last Thursday, but could now take a breather. 21.co co-founder and CEO Hany Rashwan shares\\d his crypto markets analysis. This comes as the Nevada Department of Business and Industry said crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month. Separately, Rajeev Bamra, Moody’s Investors Service SVP, DeFi and Digital Assets, weighed in on the state of U.S. crypto regulation. And, Casa CEO Nick Neuman explained why the cryptocurrency self-custody firm historically focused exclusively on the Bitcoin blockchain has added support for Ethereum. Headlines Soccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release: Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas. Influencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations: Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals. Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts: The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021. The SEC sued the company in June for offering unregistered securities. 2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme: The “Twitter hacker” plundered nearly $1 million from victims of his elaborate online schemes. Coinbase Wins Supreme Court Ruling in Arbitration Lawsuit: The company\'s clear legal victory in the U.S. high court isn\'t about crypto, but it could play into future court disputes for all businesses.', 'Good morning. Here’s what’s happening:\nPrices:If bitcoin manages to stay past $30K, we might get another leg up, says one analyst.\nInsights:Japan\'s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders.\nCoinDesk Market Index (CMI)\n1,242\n+3.5▲0.3%\nBitcoin (BTC)\n$30,535\n−19.9▼0.1%\nEthereum (ETH)\n$1,901\n+24.8▲1.3%\nS&P 500\n4,348.33\n−33.6▼0.8%\nGold\n$1,935\n+16.1▲0.8%\nNikkei 225\n32,781.54\n−483.3▼1.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,242", "+3.5\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,535", "\\u221219.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+24.8\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,348.33", "\\u221233.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,935", "+16.1\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,781.54", "\\u2212483.3\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nETF Optimism is Powering Bitcoin\'s Continued Rally\nBitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901.\nAnalysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of itsstrongest weekly gains since March. CoinDesk Indices’Bitcoin Trend Indicator (BTI)shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days.\n“Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.”\nDiPasquale sees continued growth across the market in the coming weeks, but also volatility.\n“On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.”\nData from CoinGlassshows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week.\nThe Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on thebitcoin ETFs from BlackRock, Invesco and WisdomTree.\nMany are optimistic that the inclusion of asurveillance-sharing agreementwould be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sectorbefore it approved the first bitcoin ETFsto be listed in Toronto in 2021.\nUntil then, the question is: how high will bitcoin go?\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+5.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}]\nCrypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy\nOver the weekendCoinDesk Japan reportedthat the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation.\nThis is a huge relief for crypto startups that issue their own tokens.\nBefore the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not.\nIn short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn\'t sold the cryptocurrency (i.e., hadn\'t "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not.\nTaxing unrealized gains isn’t a policy that’s conducive to building a dynamic, succe Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $587,695,160,275 - Hash Rate: 379943751.2420316 - Transaction Count: 403979.0 - Unique Addresses: 692095.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Proving that economics is more an art than a science, Federal Reserve Chairman Jerome Powell said the central bank will "skip" a round of rising interest rates. This left market analysts to debate the meaning of the word. For the first time in over a year, the Federal Reserve has decided to stay the course by keeping rates at about 5%, breaking its streak of 10 consecutive interest rate hikes. However, Powell has left open the door to further hawkish rate increases, clarifying that he shouldnt call it a skip. What would the market think? This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here . Despite the Feds decision to pull back on the most aggressive monetary policy strategy in the U.S. since the 1980s, stocks and crypto crumbled after the press conference. For many, Powells slip of the tongue all but guarantees the Fed will continue to raise interest rates this year, likely as early as July, in a bid to cool the economy. Powell said signs show inflation appears to be easing, finally, and will use this pause to assess the impact of the Feds strategy. I dont envy Powells job to navigate an economy out of a global pandemic, which contributed to consumer price inflation spiking to 40-year highs of over 9%, as a regional war cut the global supply of necessities like wheat and oil. But the experimental economic rejiggering at the Fed is already one for the history books. Given how far we have come, it may make sense for rates to move higher but at a more moderate pace, Powell said, confirming the Fed intends to move more slowly after a breakneck pace. Its just the idea that were trying to get this right. For many, however, Powell has already gone wrong. Its widely believed that the Feds financial engineering contributed to the collapse of three U.S. banks earlier this year including the second-largest bank failure on record in the U.S. by cratering the value of U.S. Treasury bonds. Backed by the full faith and credit of the U.S. government, Treasurys are considered the safest investment in the world. This banking distress could continue to weigh on the economy. Story continues Then there are the effects on everyday folk. According to a WalletHub survey (between May 29 and June 2) two-in-five people say Fed rate hikes are forcing them into more debt, and putting their jobs at risk. Part of the Feds strategy of cooling an overheated economy is by increasing unemployment. WalletHub projects further that the Feds cumulative rate hikes of 500 basis points will translate into consumers paying $33.4 billion in extra interest charges over the coming year. Borrowing costs are the highest in years and mortgage rates have been volatile and even if inflation has technically come down. People still report paying more than ever for groceries, healthcare, etc. Powell is at least candid about the difficulties ahead of trying to push inflation down to the Feds standard 2% target. The process of getting inflation down is going to be a gradual one, he said. Though he thinks the right conditions for that are coming into place. Whether that translates into less economic anxiety is another question. Its worth noting the stock market recently entered a bull market (as have most assets, besides crypto), which is a ringer for populist rage considering who owns the majority of stocks (i.e. not the people hurt most by higher consumer prices). See also: Bitcoin Sinks Below 25K, Altcoins Tumble, as Investors Shrug Off Fed To put a bow on this, because this is a crypto news site, there was a time when bitcoin advocates really seemed to think that government mismanagement or incompetence would drive people into the fold. If that was ever true, perhaps around when you could still call bitcoin an inflation hedge, adoption likely only happened around the margins. Bitcoin traded flat during the recent U.S. debt default debate if ever there was a time for a hedge, or a currency with a predicable issuance schedule. In the U.S., its hard to see bitcoin treated as anything more than a curiosity at least in the short term. But these things are relative. In places like Turkey and Argentina, bitcoin adoption continues to outpace those countries inflation. In other words, its a "hard money" depending on what currency youre using. I guess that's why they call economics a "soft science."... - Reddit Posts (Sample): [['u/PrimaxAUS', 'Looks like someone is targetting us with a new scam', 20, '2023-06-26 01:58', 'https://www.reddit.com/r/mtgoxinsolvency/comments/14j1gxm/looks_like_someone_is_targetting_us_with_a_new/', 'Anyone get this message?\n\n>Brace up mate ,it really sucks how these scumbags are ruining our daily experience if you have any evidence at all to prove this go message @decipherbyace on instagram I got affected by MTgox exchange wallet hack attack but I was able to recover my BTC at least when I reached out to a blockchain developer expert on instagram @ decipherbyace i suggest you reach out to him, He will help you.\n\nWas from a 6 month old account, no karma. Username kelly-clarkson', 'https://www.reddit.com/r/mtgoxinsolvency/comments/14j1gxm/looks_like_someone_is_targetting_us_with_a_new/', '14j1gxm', [['u/ValdemarrPlanB', 14, '2023-06-26 03:08', 'https://www.reddit.com/r/mtgoxinsolvency/comments/14j1gxm/looks_like_someone_is_targetting_us_with_a_new/jpj9iy6/', 'I got the same from a u/Kelly-Carlson, really transparent scam. Please no one fall for this.', '14j1gxm']]], ['u/SilverHaloWave', "What crypto enthusiasts haven't figured out yet is that their Bitcoins and shitcoins are not destined to be priced in dollars, Yuan, Yen or Euros for much longer. BRICS will cause the core values of everything to be linked to commodity monies.", 47, '2023-06-26 04:52', 'https://www.reddit.com/r/SilverDegenClub/comments/14j5626/what_crypto_enthusiasts_havent_figured_out_yet_is/', "Whether the narrative core commodity money becomes oil, gold or orange juice the dominant play will be in the commodity with the highest inelastic demand and lowest supply. I'll give you 3 guesses which commodity that is. If you can't correctly guess what that is then I have some neck lubricant to sell you so you can ease your head out of where it is currently lodged.", 'https://www.reddit.com/r/SilverDegenClub/comments/14j5626/what_crypto_enthusiasts_havent_figured_out_yet_is/', '14j5626', [['u/EndTheFed41', 17, '2023-06-26 05:05', 'https://www.reddit.com/r/SilverDegenClub/comments/14j5626/what_crypto_enthusiasts_havent_figured_out_yet_is/jpjn4ja/', 'I got shit on the other day in r/gold for saying that the soon to be new BRICS currency should be of concern for the dollar. Of all the places to get flak for that opinion - 🤦🏻\u200d♂️\n\nUnfortunately, I think a lot of people are in for a surprise coming down the road. It won’t be a fast and overnight change, but if it’s not registering on your radar, best of luck. It’s part of the reason I’m here.', '14j5626']]], ['u/AutoModerator', '[Daily Discussion] - Monday, June 26, 2023', 32, '2023-06-26 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/', '14j6j57', [['u/jonathan2827', 17, '2023-06-26 07:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpjydgw/', 'My dog just bought BTC', '14j6j57'], ['u/ubermensch012', 12, '2023-06-26 08:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpk76ix/', "Daily about to go parabolic. Weekly closed above our April high (current weekly bounced on top of it too). \n\ntook my profit from previous trade 2 weeks ago and longed the 4-hr 21ema as posted earlier\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/1485w96/daily_discussion_tuesday_june_13_2023/jnzayom/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/14ic87j/daily_discussion_sunday_june_25_2023/jpiet0p/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3\n\nOnly thing that can make me flip bias is if we're to close a daily below $30k. \n\nMost alts already capitulated, so I'm extremely bullish on my shitcoins. BTC conquering $30k+ will drive some action into the market again (risk-on and dumb money fomo)", '14j6j57'], ['u/BatteredLittleFish', 20, '2023-06-26 09:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpk95wk/', 'Buying pressure is relentless, the last dip below 30k was scooped up in a matter of seconds, 30k is starting to look like the new 20k.', '14j6j57'], ['u/Yodel_And_Hodl_Mode', 15, '2023-06-26 10:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkfb1o/', "> Daily about to go parabolic.\n\nI'm not seeing that. Not without a major event to serve as a catalyst.\n\nI'm not bearish at all though. I'm long term bullish, short to medium term Baltimore-ish (crab is on the menu). I won't be surprised if we see a move in either direction... but parabolic? No.", '14j6j57'], ['u/DarthVarn', 10, '2023-06-26 10:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkfyi3/', 'Tax free event. Good boy. 🐶', '14j6j57'], ['u/ChadRun04', 22, '2023-06-26 11:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkhxy3/', "No one is saying you're stupid. Personally I'm simply finding all this emotion from you to be strange.\n\nI have tuned into your time-frame now and understand better that you're scalping in the range when talking about downtrends etc. \n\nSeems you're making decisions mostly based on sentiment?", '14j6j57'], ['u/adepti', 15, '2023-06-26 12:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkonuw/', 'I can’t help but to think if you cut off leverage trading and long short scalps all together your accounts will fare much better, your cortisol and dopamine levels might normalize again and in a few months you’ll be far more profitable with much less work just by sitting on spot longs', '14j6j57'], ['u/noeeel', 14, '2023-06-26 13:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkpt6z/', 'If we stay below 31.5k for the next 3-4 weeks we will have the tightest weekly bbands since at least 2018. That means a lot of pressure emerged in the market.', '14j6j57'], ['u/Gravy_Vampire', 10, '2023-06-26 14:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkv40p/', '> I’m a degen leverage trader, had trades open for less than a minute before but I’m starting to mellow as I gain experience and get older.\n\n>To me trading isn’t about how good you do the good things, it’s how much you limit yourself doing the bad things.\n\nOh wow, is the writers strike over? 😁', '14j6j57'], ['u/BootyPoppinPanda', 16, '2023-06-26 14:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkwz4r/', "Just crabbing in the 25-32k range is my base case. I think it's more likely to break out of that upwards, but each time we get rejected, it's not the best look. I wouldn't count this as rejected either, just tapping on the door right now", '14j6j57'], ['u/AccidentalArbitrage', 18, '2023-06-26 14:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpkztmx/', "Agree with Chad on this one.\n\nFor an outside perspective, lately you seem to repeatedly try to taunt and flex on longs in here daily after the recent move up. It's puzzling. A lot of traders in here trade the daily, weekly, or longer tf charts while you're zoomed in to the 1min chart playing on leverage and you've admitted to booking losses recently. Both you in the short term, and them in the long term, can be right, so why all the back and forth?\n\nI understand your trading position, and could even be persuaded to agree with it in the (very) short term, but I don't understand the overconfident exuberance and I think that's where the downvotes are coming from. Is it a coping mechanism?\n\nEither way, good luck mate.", '14j6j57'], ['u/ImpudicusFungus', 11, '2023-06-26 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jplt8mw/', 'I think you forget that he is preaching $10k BTC which is not going to happen IMO', '14j6j57'], ['u/escendoergoexisto', 10, '2023-06-26 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jplzcad/', 'Out of boredom and belief in the Corn, I’ve been buying spot for my hodl stack on this dip…no big buys but several small ones.\n\nEdit—mostly using a Volume Weighted Average Price indicator to determine buy targets.', '14j6j57'], ['u/delgrey', 10, '2023-06-26 19:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpm1ka5/', 'So we doin 25k again?', '14j6j57'], ['u/comicland', 11, '2023-06-26 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpmnl02/', "On the road. What's going on with volume?", '14j6j57'], ['u/imissusenet', 11, '2023-06-26 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpmruxq/', "From today's Halftime Report:\n\n[https://www.cnbc.com/video/2023/06/26/data-sharing-agreements-for-crypto-etfs-will-make-the-sec-more-comfortable-wisdomtrees-schwartz.html](https://www.cnbc.com/video/2023/06/26/data-sharing-agreements-for-crypto-etfs-will-make-the-sec-more-comfortable-wisdomtrees-schwartz.html)", '14j6j57'], ['u/ChadRun04', 11, '2023-06-26 23:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14j6j57/daily_discussion_monday_june_26_2023/jpmzzzq/', 'The state only likes things when they add to their capabilities to surveil the populace and maintain power? Shocked! ;)', '14j6j57']]], ['u/Quirky-School-4658', '2023 Villars Lead & Speed WC Hub', 11, '2023-06-26 07:04', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/', "\\\\Please make sure to use SPOILER TAGS in this thread for broadcasted rounds, then comment away in the live chats and post-game discussion threads!\\\\\n\nLead continues, speed is back, and paraclimbing makes its last appearance of the season. From June 30th to July 2nd, the athletes gather in the mountain town of Villars, Switzerland.\n\nLive chats and post-game threads will be posted throughout the week. Check out the sidebar for answers to some FAQs and to see some of the cool tools that users have been making recently.\n\n\\[Live Chat\\], \\[post-game\\]\n\nSchedule:\n\nSATURDAY, 24 JUNE: [Paraclimbing Finals](https://www.youtube.com/live/1BtCxJLPu1A?feature=share)\n\nFRIDAY, 30 JUNE:\n\n* 13:00\xa0 \xa0LEAD QUALIFICATIONS\n\nSATURDAY, 1 JULY:\n\n* 12:00\xa0 \xa0LEAD SEMI-FINALS\n* 20:00\xa0 \xa0LEAD FINALS\n\nSUNDAY, 2 JULY:\n\n* 12:00\xa0 \xa0SPEED QUALIFICATIONS\n* 18:00\xa0 \xa0SPEED FINALS\n\nAll times/dates are in local time UTC+2 [Time zone converter](https://www.timeanddate.com/worldclock/converter.html?p1=1889)\n\n[Startlist](https://ifsc.results.info/#/event/1298/registrations)\n\nLive scoring/results: [Here](https://ifsc.results.info/#/event/1298) and on the 'WC Series' app.\n\nHow to watch:\n\n* [IFSC YouTube page](https://www.youtube.com/@sportclimbing/streams) with a VPN for the USA\n* Eurosport\n* Discovery+\n* Olympic Channel (available 24 hours after)\n* J Sports (Japan)\n* Anywhere else?\n\nThoughts on having this hub thread default to being sorted by 'new' instead of 'best'?\n\nMore info on the Olympic qualification prediction contest coming soon. There will be some questions and polls for the community regarding the details so be ready with your fearless feedback.", 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/', '14j7r3p', [['u/menelauslaughed', 11, '2023-06-26 07:15', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/jpjzpbl/', 'Thank you for posting these!\n\nI’m sad Ai won’t be there but excited to see a head to head between Oriane, Janja, Natalia, and Brooke!', '14j7r3p'], ['u/NoArmadillo6816', 11, '2023-06-26 14:07', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/jpkvdcw/', 'oh shit, ondra is signed up', '14j7r3p'], ['u/mmeeplechase', 11, '2023-06-26 15:06', 'https://www.reddit.com/r/CompetitionClimbing/comments/14j7r3p/2023_villars_lead_speed_wc_hub/jpl1th3/', 'Rooting for Molly Thompson-Smith to get into finals this time around after such a near miss in Innsbruck! Also would love to see Jesse Grupper do well (although those 2 are coincidentally a couple of my favorite co-commentators…).', '14j7r3p']]], ['u/rBitcoinMod', 'Daily Discussion, June 26, 2023', 48, '2023-06-26 08:03', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14iei6x/daily_discussion_june_25_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/', '14j8upe', [['u/LiteratureUsual614', 15, '2023-06-26 13:57', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/jpkuc09/', 'I just bought. Dip incoming!', '14j8upe'], ['u/Ok-Abbreviations6442', 16, '2023-06-26 14:13', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/jpkvz5x/', "I just can't shake the feeling that I need to be stacking as hard as fucking possible right now.... I'm running out of crap to put on ebay and my bi-monthly DCA just isn't getting me there fast enough....", '14j8upe'], ['u/Llonga', 10, '2023-06-26 16:08', 'https://www.reddit.com/r/Bitcoin/comments/14j8upe/daily_discussion_june_26_2023/jpl9kri/', 'That’s Muun charging you what they want.', '14j8upe']]], ['u/PsychologicalFox1880', 'How far have we actually dropped? (How far are we gonna pump back up?)', 16, '2023-06-26 11:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/', 'So because the sentiment in the crypto market is starting to become a bit bullish again and confidence is coming back, I’ve decided to see just how much money you would make if you invested now and BTC and various other alt coins simply just pump back up to their previous all time highs. \n\n1. BTC: 127%\n2. ETH: 157% \n3. MATIC: 339% \n4. XRP: 604% \n5. LINK: 750% \n6. XLM: 855% \n7. DOT: 961%\n8. ADA: 962% \n9. SOL: 1433% \n10. BCH: 1847%\n\nI do believe that if coins start getting back to their all time highs, the bull run will commence and we will continue to see even more significants gain in their prices and our wallets but nothing is confirmed yet and there is no guarantee that we are bullish right now.', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/', '14jciuu', [['u/CyberPunkMetalHead', 35, '2023-06-26 11:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkjmcf/', "So if you bought BCH around ATH, you'd need to 18x the current price just to break even. Ooof", '14jciuu'], ['u/Calm-Cartographer677', 10, '2023-06-26 11:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkjr6b/', "That's actually better than a lot of other altcoins I bought in the last bull run lmao.", '14jciuu'], ['u/DBRiMatt', 11, '2023-06-26 11:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkjwis/', 'And realisitcally; of those 10, which ones do you see reaching ATH again?\n\nBTC, ETH... maybe MATIC too?', '14jciuu'], ['u/raincloud82', 11, '2023-06-26 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14jciuu/how_far_have_we_actually_dropped_how_far_are_we/jpkr2vk/', "I would expect DOT to be there as well, it's a good product and seems to have been spared by the SEC so far.", '14jciuu']]], ['u/Falkvinge', 'Five days until the censorship of /r/bitcoin et al becomes ineffective.', 45, '2023-06-26 12:16', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/', 'Good morning, Reddit (and the Bitcoin Cash community). Today, we\'re five days away from the [r/bitcoin](https://www.reddit.com/r/bitcoin/) and [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) censorship stranglehold ending.\n\nThis will have implications. Since 2017, [r/bitcoin](https://www.reddit.com/r/bitcoin/) has been able to tell their number-go-up speculation story to about four million people (counting the number of subscribers in 2017 vs today), and permaban anyone who merely quotes the title of the very Bitcoin whitepaper for the subreddit. [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) probably has a similar number. But this is still far, far away from the potential audience of peer-to-peer electronic cash, which easily counts another four billion, with a B.\n\nToday, we are five days away from the effective end of mobile support for Reddit, with the ban of all working mobile Reddit apps (most likely including the one I use, BaconReader) as of July 1. This, of course, means people will no longer get their news from Reddit anymore, but from elsewhere. What this "elsewhere" is, is yet to be determined, but we can be reasonably certain that the number-go-up crowd don\'t hold a deadlock on it, with the means to ban any opposing viewpoints to create a monoculture echo chamber.\n\nThere\'s another thing here working to our advantage: our narrative of a means of exchange means that we\'re working for trade, in the classical sense (as opposed to speculation). We want people to do voluntary trades with each other, we want social connections to form in those trades. That means we have a natural advantage in that we seek to connect with other people, and helping them profit from new technology. In contrast, the number-go-up people\'s communication with other people and other crowds is largely limited to messages like "have fun staying poor". This is not a particularly attractive message, to give the understatement of the week on a Monday morning.\n\nSo as we lose Reddit as a Schelling point (the natural gathering location for most people), [r/bitcoin](https://www.reddit.com/r/bitcoin/) and [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) will lose the singular function they have been turned into. This means it\'s up to us to start talking, and to demonstrate, and to show, and to help, and to make, and to do. We still have four million indoctrinated people who will try to downplay us, simply because they know nothing else, but the ones pulling the strings will have lost their chokepoint on indoctrinating all new recruits to the movement of cryptocurrency. There will be new places, and those places won\'t be restricted, and some people will come there.\n\nFive more days. This is how we break out of the narrative stranglehold - and it\'s going to be a timescale of a few years, not faster.\n\n(Notably, the Wikipedia article on Bitcoin Cash is already far more balanced than it was a year or two ago, which is evidence toward the right direction.)', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/', '14jdd0i', [['u/bitcoincashautist', 15, '2023-06-26 12:47', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpko3t0/', 'Twitter is the place to be, it is the narrative arena, and BCH has good game there', '14jdd0i'], ['u/jldqt', 20, '2023-06-26 14:17', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpkwd4c/', 'Twitter is great for announcements. For discussions, not so much.', '14jdd0i'], ['u/nudgetravel', 13, '2023-06-26 14:27', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpkxg66/', "I'm shutting down this Reddit account on Friday, and focusing my best efforts on \\[promoting Bitcoin Cash on Twitter\\](https://twitter.com/TheNudge4). I understand that perhaps Lemmy or Kbin may come up as viable alternative link aggregators, but it's important to stop supporting a site whose CEO that doesn't care about its third party app developers or moderators.", '14jdd0i'], ['u/jldqt', 11, '2023-06-26 14:37', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpkyix8/', 'Oh yes. Discord, Telegram and Slack are purely "chat apps" for real-time communication. Having multiple-party discussions over a long period of time are just terrible.', '14jdd0i'], ['u/Twoehy', 16, '2023-06-26 16:01', 'https://www.reddit.com/r/btc/comments/14jdd0i/five_days_until_the_censorship_of_rbitcoin_et_al/jpl8n25/', 'I’m not so convinced in the death of Reddit, but let’s see?', '14jdd0i']]], ['u/Rajang7', '"BRICS alliance, made up of Brazil, Russia, India, China, and South Africa, exploring the viability of Bitcoin as an alternative to the US dollar in global financial structures, aiming to diversify away from the USD and utilise Bitcoin\'s blockchain technology for a more efficient financial system"', 65, '2023-06-26 12:28', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/', '[https://www.rateweb.co.za/news/capital-markets/crypto-news/brics-in-bitcoin-bet-could-crypto-dethrone-the-us-dollar/](https://www.rateweb.co.za/news/capital-markets/crypto-news/brics-in-bitcoin-bet-could-crypto-dethrone-the-us-dollar/)', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/', '14jdlap', [['u/AxioMToR', 22, '2023-06-26 12:35', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkn3m2/', 'Bitcoin is not backed by the dollar lol', '14jdlap'], ['u/Extreme_Literature28', 13, '2023-06-26 12:38', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkneab/', 'This would make a lot of sense I think. Bitcoin is a neutral asset. For trade you need a transparent ledger to know who owes what to whom. This is what bitcoin does best.', '14jdlap'], ['u/AxioMToR', 11, '2023-06-26 12:40', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpknhyg/', 'You explain how it’s backed by dollars? Satoshi has a giant bank account with JP Morgan to ensure that every sat can be redeemed by dollars?', '14jdlap'], ['u/Sure_Contribution962', 16, '2023-06-26 12:43', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpknt12/', 'Maybe you think its the reference currency because USA newpapers are using dollar? In Europe we compare it to Euro, in China they compare it to Yuan. There is no reference currency for it', '14jdlap'], ['u/Hodl_it', 10, '2023-06-26 12:52', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkohza/', "Who said it's not associated with JPY and EUR?", '14jdlap'], ['u/BTCMachineElf', 11, '2023-06-26 12:52', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkoicr/', "Bitcoin is priced in your local currency in your market.\n\nFor you, that may be USD. For me, it is VND. For anther, it is EUR.\n\nBitcoin is not backed by anything but computers and math. There isn't a bitcoin company to organize the backing of it, or to 'cash you out'. Bitcoin is just an open protocol run by the users, sold to users by users.", '14jdlap'], ['u/FairBlamer', 67, '2023-06-26 13:12', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkq4zu/', 'Read the article. There is absolutely no evidence provided whatsoever to support the notion that BRICS countries are “exploring Bitcoin as an alternative to the US dollar in global financial structures” nor that they are “aiming to diversify away from the USD and utilise Bitcoin’s blockchain technology for a more efficient financial system.”\n\nThis is pure hype based on zero real evidence.\n\nClickbait at its best.', '14jdlap'], ['u/FairBlamer', 14, '2023-06-26 13:49', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpktiuw/', 'If you can’t see the leap from that to the clickbait headline on this post, I can’t help you.\n\nNot to mention no links/citations provided, vague sentiments like “the head of the bank… suggested” with no quotes for readers to check themselves, no actual direct mentions of bitcoin, etc.', '14jdlap'], ['u/FairBlamer', 12, '2023-06-26 14:12', 'https://www.reddit.com/r/Bitcoin/comments/14jdlap/brics_alliance_made_up_of_brazil_russia_india/jpkvurp/', 'No offense, but looks like that’s the real news that should be shared here (and it’s a few months old). All the OP article did is wildly and inaccurately paraphrase it and not even include a reference to it either. Comes off as very disingenuous and done in bad faith for clicks.\n\nIt’s bad practice for writing and it should be fixed ASAP.', '14jdlap']]], ['u/Digi_Ammaz', 'South Korean Court Rules That Bitcoin ‘Is Not Money’.', 68, '2023-06-26 12:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/', 'A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets.\n\nThey think that it is ‘impossible to set interest rates when lending bitcoin’ as cryptocurrency is not money.\n\nThe two firms, the court heard, signed a contract involving Bitcoin in October 2020.\n\nThe first firm, referred to as Company A, was described as a “fintech company” that works with “cryptoassets.”\n\nA second firm, Company B, penned a deal with A that saw it borrow BTC 30 for three months.\n\nCompany B appears to have agreed to pay Company A BTC 1.5, a sum equivalent to 5% of the total, for the first two months, and BTC 0.75, a sum equivalent to 2.5% for the final month.\n\nBut issues arose when Company B “failed to repay the Bitcoin properly.”\n\nAt this point, the court heard, Company A “extended the loan period to April 2021,” and “changed the interest rate to BTC 0.246 per month, a sum equivalent to an annual interest rate of 10%.\n\nBut when Company B failed to repay its creditor in accordance with the terms of the contract, Company A filed a civil lawsuit.', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/', '14jdy1h', [['u/ChemicalGreek', 37, '2023-06-26 12:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/jpkp14h/', 'Meanwhile the money we use now have an unlimited printer 🤷🏻\u200d♂️\n\nIt’s all about power and control aka centralization!', '14jdy1h'], ['u/Every_Hunt_160', 14, '2023-06-26 13:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14jdy1h/south_korean_court_rules_that_bitcoin_is_not_money/jpkpi93/', 'Technically magic Internet money is still money in my books', '14jdy1h']]], ['u/Neat-Finger197', 'Potential impact of BlackRock’s ETF (if approved)', 89, '2023-06-26 13:24', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/', "“About 11% of Bitcoin's current supply is sitting on exchanges representing roughly 2.2 million coins. Based on today's prices, that equates to around $66 billion worth of Bitcoin.\n\nFrom BlackRock's perspective, $66 billion is measly. Yet if just 0.7% of BlackRock's assets were allocated to Bitcoin, it would be enough to absorb all the coins currently available on exchanges.”\n\n-Motley Fool \n\nNo one is bullish enough, IMO", 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/', '14jence', [['u/SouthJazz1010', 51, '2023-06-26 13:34', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpks41o/', 'How much paper BTC are exchanges holding, can you find a estimate?', '14jence'], ['u/Neat-Finger197', 16, '2023-06-26 13:38', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpkshx8/', 'Great Q, no idea', '14jence'], ['u/Abundance144', 21, '2023-06-26 15:04', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpl1hdb/', "Assuming that they're going to 100% cover their base with actual bitcoin and not rehypothicated bitcoin which they then re-rehypothicate.", '14jence'], ['u/standardcrypto', 13, '2023-06-26 17:37', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplmfc7/', 'Only the risk that selling paper bitcoin could drive blackrock into bankruptcy.\n\nhttps://www.youtube.com/watch?v=UFCF2Fx0q0k&t=4s\nMatthew Kratter, "BlackRock\'s Big Bitcoin Bet"\n\nThe gold ETF buys real gold.\nThe bitcoin ETF will buy real bitcoins.\n\nThe gold ETF might be able to run shenanigans due to cost of withdrawing gold. The bitcoin ETF will not be able to run same shenanigans. \n\nIf approved, Blackrock etf will move price.', '14jence'], ['u/KAX1107', 47, '2023-06-26 17:41', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplmwp7/', 'Blackrock will not get 1 sat from me\n\nDollar exchange rate is irrelevant\n\nRun a node and home miner. Defend bitcoin. Everything else is noise.', '14jence'], ['u/smokebox', 10, '2023-06-26 17:45', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplnnel/', 'Everything I\'ve seen, and a quick skim of the filing with the SEC, it is a spot ETF. From the 15Jun filing:\n\n"An investment in Shares is:\n\n*Backed by bitcoin held by the Bitcoin Custodian on behalf of the Trust.\n\n\n\nThe Shares are backed by the assets of the Trust. The Bitcoin Custodian will keep custody of all of the Trust’s bitcoin, other than that which is maintained in a trading account (the “Trading Balance”) with Coinbase, Inc. (“Coinbase Inc.” or the “Prime Broker”, which is an affiliate of the Bitcoin Custodian), in accounts that are required to be segregated from the assets held by the Bitcoin Custodian as principal and the assets of its other customers (the “Vault Balance”). The Bitcoin Custodian will keep a substantial portion of the private keys associated with the Trust’s bitcoin in “cold storage” or similarly secure technology (the “Cold Vault Balance”), with any remainder of the Vault Balance held as part of a “hot storage” (the “Hot Vault Balance”). The hardware, software, systems, and procedures of the Bitcoin Custodian may not be available or cost-effective for many investors to access directly. A portion of the Trust’s bitcoin holdings and cash holdings from time to time may be held with the Prime Broker in the Trading Balance in connection with in-kind creations and redemptions of Baskets and the sale of bitcoin to pay the Sponsor’s Fee and Trust expenses not assumed by the Sponsor. These periodic holdings held in the Trading Balance with the Prime Broker represent an omnibus claim on the Prime Broker’s bitcoin held on behalf of clients; these holdings exist across a combination of omnibus hot wallets, omnibus cold wallets or in accounts in the Prime Broker’s name on a trading venue (including third-party venues and the Prime Broker’s own execution venue) where the Prime Broker executes orders to buy and sell bitcoin on behalf of clients."\n\n\n\nThe more I skim, the more I find. Another line under risk factors:\n\n"Because the Trust holds only bitcoin, an investment in the Trust may be more volatile than an investment in a more broadly diversified portfolio."\n\nSpecifically spelling out that the ETF will only be bitcoin. I also posted a few more lines above under that other mini-thread...', '14jence'], ['u/guiseppi72', 20, '2023-06-26 18:40', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jplvw6q/', 'For the 100th time to all the naysayers out there: THE BTC WILL BE HELD BY A CUSTODIAN. THE ETF WILL BE BACKED BY BTC.\n\nIf anyone doesn’t believe this… oh well, cheaper corn for me 🤷🏻\u200d♂️', '14jence'], ['u/comfyggs', 15, '2023-06-26 19:41', 'https://www.reddit.com/r/Bitcoin/comments/14jence/potential_impact_of_blackrocks_etf_if_approved/jpm5btv/', "Motley Fool is complete trash. Don't even try to think their content is meaningful. \n\nPs. All that money that BlackRock manages, manages being the key word, it's not their money. It's their clients money. \nWhat they can do is convince their customers to purchase said products but it's still the customers money, not BlackRock", '14jence']]], ['u/pico020', 'Crypto changed my life', 68, '2023-06-26 14:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/', "Hi guys,\n\nFirst of all I want to say thank you for this amazing subreddit! It's my every morning wake up read and I learn a lot about crypto what I should do and certainly what I shouldn't do. \n\nIn 2020 I was introduced to crypto through a friend who made a lot of money with the BNB coin. Too had he told me to late, but I can understand that in a way. I bought a little at the hype and a lot more after the Elon Musk debacle. I didn't know what I was doing so I just bought more when it all went down more.\n\nAfter my first investments I started to study crypto, blockchain technology, different projects and white papers. I was interested, but after that I was fascinated. I believed and still believe in some projects and learned how to DCA in coins and tokens I'm confident with. DCA made me calm and I didn't care to much for the price. When it went down I was OK with it because my DCA price went down, when it went up I enjoyed the green candles and dildos. It gave me hope.\n\nI think I'm too late to become filthy rich of crypto, but I believe my portfolio could go three times from here. BTC at 90K and ETH at 6K isn't unrealistic. \n\nCrypto made me think about money more then I've ever done. It changed my life in a very good way. I stopped smoking to invest money in crypto, my partying days were over, also because of covid, but most important I could get some extra money in crypto. I started to work more and my wife to be supported me with my investments. We even play board and card games for a little money and invest that in a coin every month.\n\nBefore crypto I wasn't able to safe money at all. The interest I was getting was never really interesting and I loved to play PlayStation games so I bought them now and then. Now I'm able to safe some money in crypto. I feel confident and we're still enjoying life. We'll go on a trip to Portugal for a while next month and we will get married in 2025. \n\nJust wanted to get this of my chest. I'm a happy man, despite a red portfolio. The future feels bright.", 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/', '14jfhb6', [['u/ProjectZeus', 10, '2023-06-26 14:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/jpkvrr0/', 'This is like thanking the meth dealer for curing your addiction to heroin', '14jfhb6'], ['u/The-Aspect-of-Wisdom', 22, '2023-06-26 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/14jfhb6/crypto_changed_my_life/jpkwkqk/', 'Great to hear you were able to make some positive changes in your life, even better to hear that you used the extra money to invest.\n\nCongratulations on your engagement, I hope the next bull run is glorious so you need spare no expense for your wedding day!', '14jfhb6']]], ['u/Orduss', 'A little analysis of the locations in the trailer (and screenshots)', 62, '2023-06-26 14:31', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/', 'In the gameplay trailer and the screenshots we can see a handful of locations, but I think that some of them are in the same hub.\n\n"Volcanic zone"\n\nThis zone is the most shown in the trailer.\n\n[Here we can see a construction site around a statue and a volcano in the background](https://preview.redd.it/gr58f9leqc8b1.jpg?width=1919&format=pjpg&auto=webp&v=enabled&s=ba10ef51ee582c55759e69a3ae10ccc31da1f127)\n\n[The same statue can be viewed \\(circled in green\\), we can also see some \\\\"coral\\\\" towers \\(circled in blue\\)](https://preview.redd.it/lngvbuhkqc8b1.jpg?width=1919&format=pjpg&auto=webp&v=enabled&s=8a379cf444118d08aa8393ef45987d7c15f91431)\n\n[We can see the exact same coral tower here \\(circled in dark blue\\) and the volcanic zone \\(circled in red\\)](https://preview.redd.it/wlq0dqqwqc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=6512536a0b0451deef347dee14612f762779b01c)\n\n[The coral towers from the second image are also visible here, we can also the a monolithic structure \\(circled in yellow\\)](https://preview.redd.it/jxhc6cb2rc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=e8c7b5991ced9e64c6edf107014921cfdf8a622b)\n\n[In the last scene of the trailer we can see the volcanic zone and the same type of monolithic structure \\(circled in yellow\\)](https://preview.redd.it/rfbihec8rc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=58da9efcfca21e75a13da9a7b4720eb8494d3fc2)\n\nMaybe these screens belong to different but close areas, but to me they all belong to the same big area.\n\n"The port"\n\n[Here we can see the port, probably the first city and maybe a big one.](https://preview.redd.it/aloqz0kprc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=22ca069e233b7cd28a704644a673389b6efa04df)\n\n[We can see a strange structure \\(circled in red\\), like a construction covered by coral.](https://preview.redd.it/r0hxs0vvrc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=073aadb75ce4ab3ddc1241e6c67e589a391eb311)\n\n[This structure is also visible in this screen \\(circled in red\\), which confirms that these are probably the same zone. The city seems pretty big, but maybe it isn\'t fully explorable.](https://preview.redd.it/tdhm399zrc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=b73625bb1e8330af383c62d550d1bfa7a016cad2)\n\n\n\n"Steppes"* or "Savanna"\n\n[Only one image here but this zone seems pretty different from the others, like savanna or barren steppes.](https://preview.redd.it/r67yo7cbsc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=ce407f5036796ca63bfa19bfa56635e9648f577c)\n\n"Another settlement" or "the port"\n\nHere I\'m not really sure if this zone is different from the port or not.\n\n[At the left we can see another settlement, in a militaristic style. In blue we can see a more \\\\"monolithic architecture\\\\".](https://preview.redd.it/lk5czjgqsc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=033093aceeb1e12a0c125f6c62837b4566108cd1)\n\n[We can see more of this settlement.](https://preview.redd.it/n5npxdzusc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=9324a761c910cab5f7292b4c5ffde9028cdd2abd)\n\n[This screen is clearly in the same area, we can recognize the trees\' species \\(circled in green\\). In blue we can see another example of this monolithic architecture.](https://preview.redd.it/prt9jaazsc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=0854e5caa65f1117ddd17ba77048765c0dd7d13b)\n\n[This is clearly the same architecture here.](https://preview.redd.it/vkyyjjebtc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=b41ea86adaf050d36cc3cb28b4880c92347ecc30)\n\n\n\n[But on this screen we can see the same specie of tree \\(circled in green\\) and a similar architecture \\(circled in blue\\).](https://preview.redd.it/hii2d0xetc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=faf6bc24cbcb3d7f7c1ed7d7b17d86a5b29e8969)\n\n[More of the same architecture.](https://preview.redd.it/u9r51dwjtc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3bac32cd726f0f15f1a905937340725481d8658a)\n\nSo, maybe the two settlements are in a similar biome and maybe this architecture is widespread in the Living Lands, but it\'s interesting nonetheless.\n\n\n\n"The sewers and the lab"\n\n\n\n[For me this lab is clearly located in the sewers, because of the sequence of shots between the next image and this one in the trailer.](https://preview.redd.it/5y6oey2wtc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3b71b4ca2070f203b0933100835d7b439d64c080)\n\n[And for me this sewer is located under the city of the port, we can see manholes \\(circled in green\\).](https://preview.redd.it/zv2k5b12uc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=89b45abc5d53999b960fd50dc62014b874c8ea8b)\n\n[The same manholes are visible here.](https://preview.redd.it/v4qjrv18uc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=19572b87235aa37fd3d3b5778435159f01a0db71)\n\nIt wouldn\'t be the first time that animancers want to hide from others.\n\n\n\n"The dark forest and the ruins"\n\n\n\n[This screen is like the one of the savanna for me, it shows us a completely different biome of the game.](https://preview.redd.it/6ii6mmeguc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=898e14242819e325d6af404bd86b88a1fd20a107)\n\nThe buildings seem to be ruins.\n\n\n\n"The ogre and the strange coral formations"\n\nhttps://preview.redd.it/lx2gkx0zuc8b1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=715e244cd6e01087df1fc8fc38d275b219391695\n\nI\'m really not sure on this one but we can see strange corals formations in this screen, it seems to indicate that this zone is different from the others.\n\n\n\nSo, for me, we\'ve seen 6 biomes in the trailer : the volcanic zone, the european forest and the port, the coral zone of the ogre, the dark forest, the steppes and finally the diverse undergrounds with the undeads.\n\nWhat is interesting to me is that :\n\na. Some zones share the same biome\n\nor\n\nb. Some zones are bigger than what the trailer seems to show at first.\n\n\n\nBeyond that, in almost every zones we can see ruins with this "coral" architecture, maybe they\'re the Engwithans of the Livings Lands. We can also see that the "monolithic" architecture is pretty widespread.\n\nTL;DR : I\'ve too much spare time right now.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/', '14jg22k', [['u/Necrome112', 17, '2023-06-26 14:51', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jpl016t/', 'Dude great work!', '14jg22k'], ['u/gingereno', 10, '2023-06-26 15:32', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jpl4wql/', 'HOLY expletive !!! My dude, great expletive job! You caught so many details, and helped build a mindmap for me of this map. Thank you x1000', '14jg22k'], ['u/Adridactelo', 16, '2023-06-26 16:01', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jpl8op3/', 'In the [Xbox Wire](https://news.xbox.com/en-us/2023/06/11/obsidians-avowed-is-coming-in-2024/) article there are several images of the game with names that could be that of the locations.\n\nThe "Volcanic Zone" seems to be called "Galawains Tusks" and the last screenshot of "The port" is called "Dawnshore Eastern Overlands". I guess Dawnshore may be the name of the city.', '14jg22k'], ['u/David_Benefield', 11, '2023-06-26 16:13', 'https://www.reddit.com/r/avowed/comments/14jg22k/a_little_analysis_of_the_locations_in_the_trailer/jplabra/', 'Oh excellent attention to detail! And some great theories! Thanks for sharing :)', '14jg22k']]], ['u/abidouisme', 'To ease your waiting dilemma, here are the most LEMMiNO style videos that I know of.', 458, '2023-06-26 15:13', 'https://www.reddit.com/r/LEMMiNO/comments/14jh0lm/to_ease_your_waiting_dilemma_here_are_the_most/', "YouTube channel: Pulsar\n\n\\- The Waratah Mystery\n\n[https://www.youtube.com/watch?v=bdv2ZRBn6-E](https://www.youtube.com/watch?v=bdv2ZRBn6-E)\n\n\\- Enigmatic Unearthly Encounters\n\n[https://www.youtube.com/watch?v=Fyn96UTA4ok](https://www.youtube.com/watch?v=Fyn96UTA4ok)\n\n\\- The Puzzling Enigma of Amelia Earhart\n\n[https://www.youtube.com/watch?v=P5OBX96-5gA](https://www.youtube.com/watch?v=P5OBX96-5gA)\n\n\\- The Art Heist of The Century\n\n[https://www.youtube.com/watch?v=nRcSJFHK23M](https://www.youtube.com/watch?v=nRcSJFHK23M)\n\n\\- The Haunting Sodder Family Case\n\n[https://www.youtube.com/watch?v=tn80cfFF67o](https://www.youtube.com/watch?v=tn80cfFF67o)\n\nYouTube channel: Bedtime Stories \n\n\\- The Strange and Enigmatic Betz Sphere\n\n[https://www.youtube.com/watch?v=oADLn1yUQDU](https://www.youtube.com/watch?v=oADLn1yUQDU)\n\n\\- The Warminster Thing\n\n[https://www.youtube.com/watch?v=puTOEFG2U3k](https://www.youtube.com/watch?v=puTOEFG2U3k)\n\nYouTube channel: Nick Crowley\n\n\\- The Dyatlov Pass Incident\n\n[https://www.youtube.com/watch?v=Ee8iLRVOHDw](https://www.youtube.com/watch?v=Ee8iLRVOHDw)\n\n\\- The Khamar Daban Incident\n\n[https://www.youtube.com/watch?v=RZXr2LlnG9o](https://www.youtube.com/watch?v=RZXr2LlnG9o)\n\nYouTube channel: Nexpo \n\n\\- Lake City Quiet Pills: An Internet Mystery\n\n[https://www.youtube.com/watch?v=DHWYTwY0hiw](https://www.youtube.com/watch?v=DHWYTwY0hiw)\n\n- Investigating Mysterious Encounters from Randonautica\n\n[https://www.youtube.com/watch?v=Dyz9VzNSF60](https://www.youtube.com/watch?v=Dyz9VzNSF60&t=148s)\n\n- Mysteries in Online Video Games\n\n[https://www.youtube.com/watch?v=hKlUQeTRUDo](https://www.youtube.com/watch?v=hKlUQeTRUDo&t=1235s)\n\nYouTube channel: blameitonjorge\n\n- The Best Documented UFO Case: Lonnie Zamora\n\n[https://www.youtube.com/watch?v=eZRu3Ao6zK8](https://www.youtube.com/watch?v=eZRu3Ao6zK8)\n\n- The Cult With CIA Ties\n\n[https://www.youtube.com/watch?v=TCSZ9fsqsu8](https://www.youtube.com/watch?v=TCSZ9fsqsu8)\n\n\\- The Video Game Tied to a Cult\n\n[https://www.youtube.com/watch?v=hW7n4rh4HaY](https://www.youtube.com/watch?v=hW7n4rh4HaY)\n\n\\- Strange Sounds from 96.7FM\n\n[https://www.youtube.com/watch?v=j7aBITkr3W4](https://www.youtube.com/watch?v=j7aBITkr3W4&t=1390s)\n\n\\- The Vanishing of David Lewis\n\n[https://www.youtube.com/watch?v=lL0CkSNUIG8](https://www.youtube.com/watch?v=lL0CkSNUIG8&t=39s)\n\n\\- Searching for The Five\n\n[https://www.youtube.com/watch?v=hCsPV0eiqxg](https://www.youtube.com/watch?v=hCsPV0eiqxg)\n\nYouTube channel: Barely Sociable\n\n\\- Mortis - Internet Mysteries\n\n[https://www.youtube.com/watch?v=1ci3l7pnfdk](https://www.youtube.com/watch?v=1ci3l7pnfdk)\n\n\\- Redditor Under Surveillance\n\n[https://www.youtube.com/watch?v=k\\_B3a2cCqo0](https://www.youtube.com/watch?v=k_B3a2cCqo0)\n\n\\- The SOS Sign Incident - An Unsolved Mystery\n\n[https://www.youtube.com/watch?v=snWvNkJCCs8](https://www.youtube.com/watch?v=snWvNkJCCs8)\n\nYouTube channel: Cadaber\n\n- The Tragic and Bizarre Case of Christine Collins\n\n[https://www.youtube.com/watch?v=ztaHlQTd18k](https://www.youtube.com/watch?v=ztaHlQTd18k)\n\n\\- The Mysterious Disappearance of George Owens\n\n[https://www.youtube.com/watch?v=KNZdsod4zbE](https://www.youtube.com/watch?v=KNZdsod4zbE)\n\n\\- The Tragic Vanishing of Dale Williams\n\n[https://www.youtube.com/watch?v=ec9QVIE58qU](https://www.youtube.com/watch?v=ec9QVIE58qU)\n\n- The Investor Mystery\n\n[https://www.youtube.com/watch?v=eRYcd2vAWxs](https://www.youtube.com/watch?v=eRYcd2vAWxs)\n\n- The Ghost Blimp\n\n[https://www.youtube.com/watch?v=YgLGl-1VjZk](https://www.youtube.com/watch?v=YgLGl-1VjZk)\n\n- The Most Cryptic Game on the Internet\n\n[https://www.youtube.com/watch?v=-PH-qXNOJpA](https://www.youtube.com/watch?v=-PH-qXNOJpA)\n\nYouTube channel: Fredrik Knudsen\n\n- The Battle of May Island\n\n[https://www.youtube.com/watch?v=IZS0RpOgdfQ](https://www.youtube.com/watch?v=IZS0RpOgdfQ)\n\nYouTube channel: Chill Fuel\n\n\\- The Vanishing Ship - The Mary Celeste\n\n[https://www.youtube.com/watch?v=EZXMKKuaUPc](https://www.youtube.com/watch?v=EZXMKKuaUPc)\... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Solana, Polygon, Cardano, and other tokens being dragged into the court battles by the Security and Exchange Commission (SEC) have lost 15%, or $5 billion, off their collective market capitalizations, according to a Decrypt analysis of CoinGecko data. On June 5 and June 6, the SEC filed lawsuits against Binance and Coinbase \x97two of the largest crypto exchanges in the industry. Among the charges leveled at the two exchanges were allegations they were selling unregistered securities . The industry wasted no time calling the declarations \x93 pretty unfair ,\x94 But that hasn't stopped the tokens from taking some collateral damage. SEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit According to the SEC\x92s lawsuits against Binance and Coinbase, a handful of cryptocurrencies were named, including: Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos Hub (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS), and COTI (COTI). On June 12, a week after the SEC lawsuits were filed, Messari Crypto published its Ecosystem Brief: Rollup Specialization report. Messari's emerging markets category, which includes many of the projects labeled securities by the SEC, showed a 25% drop since the lawsuits were filed. But a handful have already started to make a recovery. Filecoin and Algorand are both within 2% of the market capitalizations they had when the lawsuits were filed. The Cosmos ATOM token has a 5% gap to close. The rest haven't been as lucky. Binance has been suffering an especially harsh regulatory clampdown around the world, with authorities closing in on the platform in several countries. That's likely why its exchange utility token, BNB, has seen its market capitalization drop 21% in value, going from $47 billion to $37 billion since the SEC lawsuit was filed. Charles Hoskinson\x92s Cardano also saw its market capitalization plummet. The 8th largest asset on Coingecko is currently trading at $0.29, with a market cap of $10 billion\x97down 17% from when the SEC lawsuits were filed. Story continues Picking and Choosing Tokens to Prosecute Is 'Pretty Unfair,' Says Former SEC Cyber Chief Polygon has struggled the most to recover from the blow dealt by the SEC. Today it holds roughly $6 billion in market value, down 20% from the $8 billion market cap it had at the start of th emoney. The token, according to Coingecko , trades at $0.66 today. Some assets marked by Messari as emerging tokens were not included in the SEC\x92s lawsuit, but still suffered losses. Avalanche ( AVAX ), albeit one of the biggest winners in last week\x92s bullish rally, has seen its market cap drop roughly 6% since the lawsuits were filed and is currently sitting at $4.6 billion. Optimism ( OP ), on the other hand, shed 17.5% of its total market cap over the same period and was sitting at $855 million as of writing. Keep in mind, however, that despite these important drops in token prices, the crypto market has been on a bullish rally over the past week. The BlackRock Rally , so-named due to the traditional finance titan\x92s filing for a spot Bitcoin ETF last week, pushed Bitcoin, the number one cryptocurrency, over $31,000 for the first time in months, raising the tide for the majority of tokens.", "Solana, Polygon, Cardano, and other tokens being dragged into the court battles by the Security and Exchange Commission (SEC) have lost 15%, or $5 billion, off their collective market capitalizations, according to aDecryptanalysis of CoinGecko data.\nOn June 5 and June 6, the SEC filed lawsuits againstBinanceandCoinbase—two of the largest crypto exchanges in the industry. Among the charges leveled at the two exchanges were allegations they were sellingunregistered securities. The industry wasted no time calling the declarations “pretty unfair,” But that hasn't stopped the tokens from taking some collateral damage.\nSEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit\nAccording to the SEC’s lawsuits against Binance and Coinbase, a handful of cryptocurrencies were named, including:Solana(SOL),Cardano(ADA),Polygon(MATIC),Filecoin(FIL),Cosmos Hub(ATOM),The Sandbox(SAND),Decentraland(MANA),Algorand(ALGO),Axie Infinity(AXS), andCOTI(COTI).\nOn June 12, a week after the SEC lawsuits were filed,Messari Cryptopublished itsEcosystem Brief: Rollup Specializationreport. Messari's emerging markets category, which includes many of the projects labeled securities by the SEC, showed a 25% drop since the lawsuits were filed. But a handful have already started to make a recovery.\nFilecoin and Algorand are both within 2% of the market capitalizations they had when the lawsuits were filed. The Cosmos ATOM token has a 5% gap to close. The rest haven't been as lucky.\nBinance has been suffering an especially harsh regulatory clampdown around the world, with authorities closing in on the platform in several countries. That's likely why its exchange utility token, BNB, has seen its market capitalizationdrop21% in value, going from $47 billion to $37 billion since the SEC lawsuit was filed.\nCharles Hoskinson’sCardano also saw its market capitalization plummet. The8th largestasset on Coingecko is currently trading at $0.29, with a market cap of $10 billion—down 17% from when the SEC lawsuits were filed.\nPicking and Choosing Tokens to Prosecute Is 'Pretty Unfair,' Says Former SEC Cyber Chief\nPolygon has struggled the most to recover from the blow dealt by the SEC. Today it holds roughly $6 billion in market value, down 20% from the $8 billion market cap it had at the start of th emoney. The token, according toCoingecko, trades at $0.66 today.\nSome assets marked by Messari as emerging tokens were not included in the SEC’s lawsuit, but still suffered losses.\nAvalanche (AVAX), albeit one of the biggest winners in last week’s bullish rally, has seen its market capdroproughly 6% since the lawsuits were filed and is currently sitting at $4.6 billion. Optimism (OP), on the other hand, shed 17.5% of its total market cap over the same period and was sitting at $855 million as of writing.\nKeep in mind, however, that despite these important drops in token prices, the crypto market has been on abullish rallyover the past week. TheBlackRock Rally, so-named due to the traditional finance titan’sfilingfor a spot Bitcoin ETF last week, pushed Bitcoin, the number one cryptocurrency,over$31,000 for the first time in months, raising the tide for the majority of tokens.", 'Damus–a decentralized social media app based on the underlying Nostr protocol–will officially be removed from Apple’s App Store after failure to come into compliance with its Bitcoin tipping service.\n“Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped,”saidDamus over Twitter on Monday. The company said it would file an appeal due to the motion against it being “misapplied.”\nDamus lets users tip their favourite content creators through “zaps”–BTC transfers over Bitcoin’s layer 2 Lightning Network. The app is built atop the Nostr protocol and its functionality is reminiscent ofTwitter’s tipping service, integrated in 2021, which included lightning as a tipping method while the company was still led by Bitcoin bull Jack Dorsey.\nTwitter Rolls Out Bitcoin Tipping Worldwide, Exploring Verified NFT Avatars\nDamus’s message from Apple claimed that optional tips and donations were permitted, but not if related to receiving digital content. “They must use in-app purchase in accordance with guideline 3.1.1,” it stated.\nThe denial was met with skepticism by Damus, Bitcoiners, and tech leaders across the board–including Jack Dorsey himself. “Tips aren’t unlocking content,” hesaidon Monday. Later,he added: "Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission."\nEpic Games founder and CEO Tim Sweeney responded to the company’s announcementsaying“Apple must be stopped.”\nDorsey has previouslypraisedNostr as being one of the only two “truly censorship resistant technologies at scale” – the other being Bitcoin.\nWhen receiving two weeks notice to modify their tipping service earlier this month, Damus called Apple’s crackdown “pretty sus” given its timing. This was shortly before the company delivered a talk at the Oslo Freedom Forum about the importance of decentralized social networks based on lightning.\nDamus critics have claimed that Apple simply wants the company to “pay its 30%” for digital content sold on its platform. By contrast, Damusclaimsthere is no “30%” or “cut” involved, since the payment tech it provides is completely peer-to-peer.\n“If people can’t transact freely p2p on their platform, this has huge implications for the entire ecosystem of apps with lightning integration,” said Damus last week.', 'Damus\x96a decentralized social media app based on the underlying Nostr protocol\x96will officially be removed from Apple\x92s App Store after failure to come into compliance with its Bitcoin tipping service. \x93Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped,\x94 said Damus over Twitter on Monday. The company said it would file an appeal due to the motion against it being \x93misapplied.\x94 Damus lets users tip their favourite content creators through \x93zaps\x94\x96BTC transfers over Bitcoin\x92s layer 2 Lightning Network. The app is built atop the Nostr protocol and its functionality is reminiscent of Twitter\x92s tipping service , integrated in 2021, which included lightning as a tipping method while the company was still led by Bitcoin bull Jack Dorsey. Twitter Rolls Out Bitcoin Tipping Worldwide, Exploring Verified NFT Avatars Damus\x92s message from Apple claimed that optional tips and donations were permitted, but not if related to receiving digital content. \x93They must use in-app purchase in accordance with guideline 3.1.1,\x94 it stated. The denial was met with skepticism by Damus, Bitcoiners, and tech leaders across the board\x96including Jack Dorsey himself. \x93Tips aren\x92t unlocking content,\x94 he said on Monday . Later, he added : "Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission." Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission. https://t.co/kfeQNfal8Q \x97 jack (@jack) June 27, 2023 Epic Games founder and CEO Tim Sweeney responded to the company\x92s announcement saying \x93Apple must be stopped.\x94 Dorsey has previously praised Nostr as being one of the only two \x93truly censorship resistant technologies at scale\x94 \x96 the other being Bitcoin. Story continues When receiving two weeks notice to modify their tipping service earlier this month, Damus called Apple\x92s crackdown \x93pretty sus\x94 given its timing. This was shortly before the company delivered a talk at the Oslo Freedom Forum about the importance of decentralized social networks based on lightning. Damus critics have claimed that Apple simply wants the company to \x93pay its 30%\x94 for digital content sold on its platform. By contrast, Damus claims there is no \x9330%\x94 or \x93cut\x94 involved, since the payment tech it provides is completely peer-to-peer. \x93If people can\x92t transact freely p2p on their platform, this has huge implications for the entire ecosystem of apps with lightning integration,\x94 said Damus last week.', 'Damus–a decentralized social media app based on the underlying Nostr protocol–will officially be removed from Apple’s App Store after failure to come into compliance with its Bitcoin tipping service.\n“Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped,”saidDamus over Twitter on Monday. The company said it would file an appeal due to the motion against it being “misapplied.”\nDamus lets users tip their favourite content creators through “zaps”–BTC transfers over Bitcoin’s layer 2 Lightning Network. The app is built atop the Nostr protocol and its functionality is reminiscent ofTwitter’s tipping service, integrated in 2021, which included lightning as a tipping method while the company was still led by Bitcoin bull Jack Dorsey.\nTwitter Rolls Out Bitcoin Tipping Worldwide, Exploring Verified NFT Avatars\nDamus’s message from Apple claimed that optional tips and donations were permitted, but not if related to receiving digital content. “They must use in-app purchase in accordance with guideline 3.1.1,” it stated.\nThe denial was met with skepticism by Damus, Bitcoiners, and tech leaders across the board–including Jack Dorsey himself. “Tips aren’t unlocking content,” hesaidon Monday. Later,he added: "Removed from the App Store for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission."\nEpic Games founder and CEO Tim Sweeney responded to the company’s announcementsaying“Apple must be stopped.”\nDorsey has previouslypraisedNostr as being one of the only two “truly censorship resistant technologies at scale” – the other being Bitcoin.\nWhen receiving two weeks notice to modify their tipping service earlier this month, Damus called Apple’s crackdown “pretty sus” given its timing. This was shortly before the company delivered a talk at the Oslo Freedom Forum about the importance of decentralized social networks based on lightning.\nDamus critics have claimed that Apple simply wants the company to “pay its 30%” for digital content sold on its platform. By contrast, Damusclaimsthere is no “30%” or “cut” involved, since the payment tech it provides is completely peer-to-peer.\n“If people can’t transact freely p2p on their platform, this has huge implications for the entire ecosystem of apps with lightning integration,” said Damus last week.', 'Late last week, Jack Dorsey tweeted a link toNodeless—and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor.\nWhat is Nodeless, exactly?\nIn short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream.\n"Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless\'s pseudonymous creator UTXO toldDecrypt.\nStill, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users.\nIn some ways, Nodeless\'s functionality is similar toOpenNode, another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don\'t have to share identifying information to begin accepting payments using the platform. In other words, it\'s a non-KYC (Know Your Customer) service.\nUsing Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don\'t have to maintain the node over time.\nBut Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn\'t have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources.\nThere\'s still a node involved—a node isalwaysinvolved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless\'s node is the one passing on the payment. When a payment is sent to the merchant, it\'s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address.\n"Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said.\nSo, Nodeless is technically a custodial solution in that it holds a user\'s funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user\'s funds.\nSome Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn\'t like.\nBut UTXO thinks Nodeless can bypass these pressures.\nNodeless operates legally in Canada, where transactions under $1,000 don\'t require KYC identification. In the long-term, they\'re looking to move toEl Salvador, known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms."\n"I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.', 'Late last week, Jack Dorsey tweeted a link to Nodeless —and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor. https://t.co/LZmNol22Ho — jack (@jack) June 22, 2023 What is Nodeless, exactly? In short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream. "Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless\'s pseudonymous creator UTXO told Decrypt . Still, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users. In some ways, Nodeless\'s functionality is similar to OpenNode , another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don\'t have to share identifying information to begin accepting payments using the platform. In other words, it\'s a non-KYC (Know Your Customer) service. ‘Nodeless’ payments Using Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don\'t have to maintain the node over time. But Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn\'t have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources. Story continues There\'s still a node involved—a node is always involved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless\'s node is the one passing on the payment. When a payment is sent to the merchant, it\'s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address. "Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said. So, Nodeless is technically a custodial solution in that it holds a user\'s funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user\'s funds. Privacy money Some Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn\'t like. But UTXO thinks Nodeless can bypass these pressures. Nodeless operates legally in Canada, where transactions under $1,000 don\'t require KYC identification. In the long-term, they\'re looking to move to El Salvador , known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms." "I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.', 'Late last week, Jack Dorsey tweeted a link toNodeless—and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor.\nWhat is Nodeless, exactly?\nIn short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream.\n"Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless\'s pseudonymous creator UTXO toldDecrypt.\nStill, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users.\nIn some ways, Nodeless\'s functionality is similar toOpenNode, another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don\'t have to share identifying information to begin accepting payments using the platform. In other words, it\'s a non-KYC (Know Your Customer) service.\nUsing Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don\'t have to maintain the node over time.\nBut Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn\'t have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources.\nThere\'s still a node involved—a node isalwaysinvolved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless\'s node is the one passing on the payment. When a payment is sent to the merchant, it\'s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address.\n"Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said.\nSo, Nodeless is technically a custodial solution in that it holds a user\'s funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user\'s funds.\nSome Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn\'t like.\nBut UTXO thinks Nodeless can bypass these pressures.\nNodeless operates legally in Canada, where transactions under $1,000 don\'t require KYC identification. In the long-term, they\'re looking to move toEl Salvador, known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms."\n"I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.', 'Bitcoin seemed to have lost direction after strong gains earlier this month, but was holding above US$30,000 on Tuesday morning trading in Asia. Most other top 10 non-stablecoin cryptocurrencies fell after a week of rallies driven by crypto-related exchange-traded fund (ETF) applications in the U.S. Solana led the losers, while Tron managed a marginal gain. Stocks closed lower on Monday in the U.S. as investors focused on the outlook for interest rates and market risk after the aborted military mutiny in Russia over the weekend. Bitcoin, Ether fall Bitcoin slid 0.88% to US$30,254 over the last 24 hours to 6:45 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization is still posting a gain of 12.89% over the past seven days. Ether fell 2.22% to US$1,859, but is up 7.18% for the week. Nearly all top 10 non-stablecoin cryptos dropped with the exception of Tron, which edged up 0.63% in the past day. Solana was the biggest loser among the top 10, slumping 5% to reduce its gain for the week to 1.52%. Markus Thielen, head of crypto research and strategy at digital asset service platform Matrixport, said in a Monday note that Bitcoin could see more gains in July. \x93July tends to be a strong month for Bitcoin when prices have finished positive in seven out of the last 10 years, with average returns of 11%,\x94 Thielen said. \x93The 2020, 2021 and 2022 returns were 24%, 20% and 27%, respectively. Hence, Bitcoin could be at US$33,000 to US$36,000 by August.\x94 Thielen added that Bitcoin has the strongest rallies during U.S. trading hours. \x93Claiming that \x91crypto is dead in the U.S.\x92 appears to be a misconception,\x94 he said. A Monday report from European cryptocurrency investment firm CoinShares said digital asset investment products saw a net inflow of US$199 million last week, the largest since July 2022. \x93We believe this renewed positive sentiment is due to recent announcements from high-profile exchange-traded products issuers that have filed for physically backed ETFs with the US Securities and Exchange Commission,\x94 the CoinShares report said. Story continues Meanwhile, on Monday, a U.S. federal judge denied crypto exchange Binance\x92s request for the court to order the Securities and Exchange Commission\x92s (SEC) to change the language used in a press release on the exchange\x92s handling of customer assets. Binance lawyers said the press release was misleading and \x93appears to be designed to introduce unwarranted confusion into the marketplace.\x94 As part of the lawsuit the SEC filed against Binance earlier this month, D.C. District Judge Amy Berman Jackson ruled Monday that it is not necessary or appropriate for the court to get involved in wordsmithing the parties\x92 press releases. \x93Nor is it clear that the agency\x92s public relations efforts to date will materially affect proceedings in this case,\x94 Judge Jackson wrote. The BNB token issued by Binance fell 1.3% over the past 24 hours and lost 2.91% for the week. The total cryptocurrency market cap rose 0.23% to US$1.18 trillion in the last 24 hours to 10:30 a.m. in Hong Kong, and the trading volume jumped 6.87% to US$36.4 billion, according to CoinMarketCap data. Azuki NFT gains traction The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.43% to 2,896.65 in the 24 hours to 10:00 a.m. in Hong Kong. The index is up 1.05% for the week. NFT transactions on Ethereum fell 7.5% over the past 24 hours to US$17.76 million, while transactions on the Bitcoin network surged 76% to US$7.84 million, according to CryptoSlam data . Notably, sales of the Ethereum-based Azuki collection jumped 60% in the last 24 hours to US$4.3 million, making it the most-sold collection for the past day, as NFT enthusiasts await the Tuesday minting of Azuki\x92s new Elementals collection. \x93With the collection size being 20,000, and 10,000 already given to existing Azuki holders as an airdrop following their \x91Follow the Rabbit\x92 conference in Las Vegas last Friday, this sale is expected to bring in north of US$35 million [on Tuesday],\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Petscher added that the new Elementals collection has been the talk of the town within the NFT community, and traders are looking for liquidity in anticipation of the upcoming mint. \x93The narrative in the NFT space is that Azuki seems primed to give Bored Ape Yacht Club (BAYC) a run for being the top NFT collection,\x94 Petscher said. The floor price of BAYC stood at 36.29 Ether on Blur on Tuesday morning in Asia, falling 3% over the past day and losing 10.37% over the past week. Large BAYC holders such as Machi and Franklin have together sold over 60 Bored Apes, and other whales are selling mid-tier Apes at the floor, \x93leading savvy traders to scoop them up and quickly flip them for profits,\x94 according to Petscher. U.S. stock futures rise Chinese Premier Li Qiang. Image: Getty Images U.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.15%, S&P 500 futures added 0.2%, and Nasdaq Futures gained 0.2%. Equity markets across Asia were mixed on Tuesday morning after U.S. stocks closed lower overnight amid recession fears. In macroeconomic developments, Chinese Premier Li Qiang said Tuesday that China is still on track to reach its annual growth target of around 5%, CNBC reported . China\x92s GDP grew by 4.5% in the first quarter of this year, official data showed. Speaking at the World Economic Forum in Tianjin, Li said China\x92s economy is rebounding and improving. In the U.S., indicators for this week on the state of the economy include home sales, consumer confidence reports and jobless claims. Federal Reserve Chairman Jerome Powell will also be speaking at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. Investors continue to watch the risk outlook of potential interest rate hikes, with Powell saying last week that the central bank is in consensus on the need for more rate increases this year. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 75.6% chance for another 25-basis-point rate hike, and a 24.4% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add equities section)', 'Bitcoin seemed to have lost direction after strong gains earlier this month, but was holding above US$30,000 on Tuesday morning trading in Asia. Most other top 10 non-stablecoin cryptocurrencies fell after a week of rallies driven by crypto-related exchange-traded fund (ETF) applications in the U.S. Solana led the losers, while Tron managed a marginal gain. Stocks closed lower on Monday in the U.S. as investors focused on the outlook for interest rates and market risk after the aborted military mutiny in Russia over the weekend.\nBitcoin slid 0.88% to US$30,254 over the last 24 hours to 6:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is still posting a gain of 12.89% over the past seven days.\nEther fell 2.22% to US$1,859, but is up 7.18% for the week.\nNearly all top 10 non-stablecoin cryptos dropped with the exception of Tron, which edged up 0.63% in the past day.\nSolana was the biggest loser among the top 10, slumping 5% to reduce its gain for the week to 1.52%.\nMarkus Thielen, head of crypto research and strategy at digital asset service platform Matrixport, said in a Mondaynotethat Bitcoin could see more gains in July.\n“July tends to be a strong month for Bitcoin when prices have finished positive in seven out of the last 10 years, with average returns of 11%,” Thielen said. “The 2020, 2021 and 2022 returns were 24%, 20% and 27%, respectively. Hence, Bitcoin could be at US$33,000 to US$36,000 by August.”\nThielen added that Bitcoin has the strongest rallies during U.S. trading hours. “Claiming that ‘crypto is dead in the U.S.’ appears to be a misconception,” he said.\nA Mondayreportfrom European cryptocurrency investment firm CoinShares said digital asset investment products saw a net inflow of US$199 million last week, the largest since July 2022.\n“We believe this renewed positive sentiment is due to recent announcements from high-profile exchange-traded products issuers that have filed for physically backed ETFs with the US Securities and Exchange Commission,” the CoinShares report said.\nMeanwhile, on Monday, a U.S. federal judgedeniedcrypto exchange Binance’s request for the court to order the Securities and Exchange Commission’s (SEC) to change the language used in a press release on the exchange’s handling of customer assets.\nBinance lawyers said thepress releasewas misleading and “appears to be designed to introduce unwarranted confusion into the marketplace.”\nAs part of thelawsuitthe SEC filed against Binance earlier this month, D.C. District Judge Amy Berman JacksonruledMonday that it is not necessary or appropriate for the court to get involved in wordsmithing the parties’ press releases.\n“Nor is it clear that the agency’s public relations efforts to date will materially affect proceedings in this case,” Judge Jackson wrote.\nThe BNB token issued by Binance fell 1.3% over the past 24 hours and lost 2.91% for the week.\nThe total cryptocurrency market cap rose 0.23% to US$1.18 trillion in the last 24 hours to 10:30 a.m. in Hong Kong, and the trading volume jumped 6.87% to US$36.4 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.43% to 2,896.65 in the 24 hours to 10:00 a.m. in Hong Kong. The index is up 1.05% for the week.\nNFT transactions on Ethereum fell 7.5% over the past 24 hours to US$17.76 million, while transactions on the Bitcoin network surged 76% to US$7.84 million, according to CryptoSlamdata.\nNotably, sales of the Ethereum-basedAzukicollection jumped 60% in the last 24 hours to US$4.3 million, making it the most-sold collection for the past day, as NFT enthusiasts await the Tuesdaymintingof Azuki’s new Elementals collection.\n“With the collection size being 20,000, and 10,000 already given to existing Azuki holders as an airdrop following their ‘Follow the Rabbit’ conference in Las Vegas last Friday, this sale is expected to bring in north of US$35 million [on Tuesday],” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nPetscher added that the new Elementals collection has been the talk of the town within the NFT community, and traders are looking for liquidity in anticipation of the upcoming mint.\n“The narrative in the NFT space is that Azuki seems primed to give Bored Ape Yacht Club (BAYC) a run for being the top NFT collection,” Petscher said.\nThe floor price of BAYC stood at 36.29 Ether onBluron Tuesday morning in Asia, falling 3% over the past day and losing 10.37% over the past week.\nLarge BAYC holders such asMachiandFranklinhave together sold over 60 Bored Apes, and other whales are selling mid-tier Apes at the floor, “leading savvy traders to scoop them up and quickly flip them for profits,” according to Petscher.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.15%, S&P 500 futures added 0.2%, and Nasdaq Futures gained 0.2%.\nEquity markets across Asia were mixed on Tuesday morning after U.S. stocks closed lower overnight amid recession fears.\nIn macroeconomic developments, Chinese Premier Li Qiang said Tuesday that China is still on track to reach its annual growth target of around 5%, CNBCreported. China’s GDP grew by 4.5% in the first quarter of this year, officialdatashowed.\nSpeaking at the World Economic Forum in Tianjin, Li said China’s economy is rebounding and improving.\nIn the U.S., indicators for this week on the state of the economy include home sales, consumer confidence reports and jobless claims.\nFederal Reserve Chairman Jerome Powell will also be speaking at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nInvestors continue to watch the risk outlook of potential interest rate hikes, with Powell saying last week that the central bank is in consensus on the need for more rate increases this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 75.6% chance for another 25-basis-point rate hike, and a 24.4% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Bitcoin seemed to have lost direction after strong gains earlier this month, but was holding above US$30,000 on Tuesday morning trading in Asia. Most other top 10 non-stablecoin cryptocurrencies fell after a week of rallies driven by crypto-related exchange-traded fund (ETF) applications in the U.S. Solana led the losers, while Tron managed a marginal gain. Stocks closed lower on Monday in the U.S. as investors focused on the outlook for interest rates and market risk after the aborted military mutiny in Russia over the weekend.\nBitcoin slid 0.88% to US$30,254 over the last 24 hours to 6:45 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is still posting a gain of 12.89% over the past seven days.\nEther fell 2.22% to US$1,859, but is up 7.18% for the week.\nNearly all top 10 non-stablecoin cryptos dropped with the exception of Tron, which edged up 0.63% in the past day.\nSolana was the biggest loser among the top 10, slumping 5% to reduce its gain for the week to 1.52%.\nMarkus Thielen, head of crypto research and strategy at digital asset service platform Matrixport, said in a Mondaynotethat Bitcoin could see more gains in July.\n“July tends to be a strong month for Bitcoin when prices have finished positive in seven out of the last 10 years, with average returns of 11%,” Thielen said. “The 2020, 2021 and 2022 returns were 24%, 20% and 27%, respectively. Hence, Bitcoin could be at US$33,000 to US$36,000 by August.”\nThielen added that Bitcoin has the strongest rallies during U.S. trading hours. “Claiming that ‘crypto is dead in the U.S.’ appears to be a misconception,” he said.\nA Mondayreportfrom European cryptocurrency investment firm CoinShares said digital asset investment products saw a net inflow of US$199 million last week, the largest since July 2022.\n“We believe this renewed positive sentiment is due to recent announcements from high-profile exchange-traded products issuers that have filed for physically backed ETFs with the US Securities and Exchange Commission,” the CoinShares report said.\nMeanwhile, on Monday, a U.S. federal judgedeniedcrypto exchange Binance’s request for the court to order the Securities and Exchange Commission’s (SEC) to change the language used in a press release on the exchange’s handling of customer assets.\nBinance lawyers said thepress releasewas misleading and “appears to be designed to introduce unwarranted confusion into the marketplace.”\nAs part of thelawsuitthe SEC filed against Binance earlier this month, D.C. District Judge Amy Berman JacksonruledMonday that it is not necessary or appropriate for the court to get involved in wordsmithing the parties’ press releases.\n“Nor is it clear that the agency’s public relations efforts to date will materially affect proceedings in this case,” Judge Jackson wrote.\nThe BNB token issued by Binance fell 1.3% over the past 24 hours and lost 2.91% for the week.\nThe total cryptocurrency market cap rose 0.23% to US$1.18 trillion in the last 24 hours to 10:30 a.m. in Hong Kong, and the trading volume jumped 6.87% to US$36.4 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.43% to 2,896.65 in the 24 hours to 10:00 a.m. in Hong Kong. The index is up 1.05% for the week.\nNFT transactions on Ethereum fell 7.5% over the past 24 hours to US$17.76 million, while transactions on the Bitcoin network surged 76% to US$7.84 million, according to CryptoSlamdata.\nNotably, sales of the Ethereum-basedAzukicollection jumped 60% in the last 24 hours to US$4.3 million, making it the most-sold collection for the past day, as NFT enthusiasts await the Tuesdaymintingof Azuki’s new Elementals collection.\n“With the collection size being 20,000, and 10,000 already given to existing Azuki holders as an airdrop following their ‘Follow the Rabbit’ conference in Las Vegas last Friday, this sale is expected to bring in north of US$35 million [on Tuesday],” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nPetscher added that the new Elementals collection has been the talk of the town within the NFT community, and traders are looking for liquidity in anticipation of the upcoming mint.\n“The narrative in the NFT space is that Azuki seems primed to give Bored Ape Yacht Club (BAYC) a run for being the top NFT collection,” Petscher said.\nThe floor price of BAYC stood at 36.29 Ether onBluron Tuesday morning in Asia, falling 3% over the past day and losing 10.37% over the past week.\nLarge BAYC holders such asMachiandFranklinhave together sold over 60 Bored Apes, and other whales are selling mid-tier Apes at the floor, “leading savvy traders to scoop them up and quickly flip them for profits,” according to Petscher.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures rose 0.15%, S&P 500 futures added 0.2%, and Nasdaq Futures gained 0.2%.\nEquity markets across Asia were mixed on Tuesday morning after U.S. stocks closed lower overnight amid recession fears.\nIn macroeconomic developments, Chinese Premier Li Qiang said Tuesday that China is still on track to reach its annual growth target of around 5%, CNBCreported. China’s GDP grew by 4.5% in the first quarter of this year, officialdatashowed.\nSpeaking at the World Economic Forum in Tianjin, Li said China’s economy is rebounding and improving.\nIn the U.S., indicators for this week on the state of the economy include home sales, consumer confidence reports and jobless claims.\nFederal Reserve Chairman Jerome Powell will also be speaking at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nInvestors continue to watch the risk outlook of potential interest rate hikes, with Powell saying last week that the central bank is in consensus on the need for more rate increases this year.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 75.6% chance for another 25-basis-point rate hike, and a 24.4% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:As Asian trading begins, bitcoin maintains above $30,000 despite a minor drop, while Ether trades lower\nInsights:For investors and others touching the technology world, AI is the latest shiny object. Is their fascination premature?\nCoinDesk Market Index (CMI)\n1,230\n−9.8▼0.8%\nBitcoin (BTC)\n$30,328\n−12.4▼0.0%\nEthereum (ETH)\n$1,860\n−24.0▼1.3%\nS&P 500\n4,328.82\n−19.5▼0.4%\nGold\n$1,933\n+13.4▲0.7%\nNikkei 225\n32,698.81\n−82.7▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,230", "\\u22129.8\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,328", "\\u221212.4\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,860", "\\u221224.0\\u25bc1.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,328.82", "\\u221219.5\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,933", "+13.4\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,698.81", "\\u221282.7\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nEyes on the Expiry\nAs Asia opens for trading, bitcoin has still held past the $30K mark at $30,323, flat over the past 24 hours, according to CoinDesk data. Ether, meanwhile, is trading at $1,860, down 1.3%.\nShaun Fernando, Chief Risk Officer at Deribit, told CoinDesk in a note that bitcoin’s ‘max pain’ point, or a part of the market when option holders will experience the most financial loss, while option sellers can be the ones who profit the most, is currently at $26K, which should alleviate some of the downward pricing pressure after thecoming options expiry.\n“With an impressive open interest of over $350 million at the 30k strike, the approaching quarterly expiration promises an exhilarating conclusion, carrying the potential for price turbulence amidst diverse gamma hedging strategies,” Fernando said.\nFernando noted that ether has witnessed substantial institutional selling activity, but its implied volatility remains lower than bitcoin.\nUntil then, all eyes are on Friday when thequarterly options expire.\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.7%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.4%", "DACS Sector": "Smart Contract Platform"}]\nAI\'s Hype Doesn\'t Reflect the Reality\nCritics of the digital assets industry say it’s buzzword- laden and unsustainable, always chasing the next new trend without much thought to its sustainability.\nAnd for the most part, they are right.\nOver the weekend, 8btc, one of China’s first crypto publications,announced it was abandoningthe field entirely and pivoting to primarily covering AI and the metaverse.\nVenture Capitalists, seemingly bored of blockchain and crypto, have found a new interest in AI.PitchBook datashows that venture capital funding for crypto is down 80% in the first quarter of 2023, from $12.3 billion to $2.4 billion. PitchBook’s data also shows thatAI startups raised $1.6 billionthis quarter, and another $10 billion in deals have been announced but have yet to close.\nFor all the hype the AI bulls have for the technology, after putting it through its paces, AI is still somewhere between the peak of inflated expectations and trough of disillusionment on ahype cycle. Itsslow, expensive,and 15-20% of what comes out ofChatGPT’s artificial mouth is a hallucination.\nCertainly, there are some similarities between the hype cycles of AI and enterprise blockchain.\nEnterprise blockchain was supposed tounlock billions in valuethrough efficiencies, but those thattried to implement it weren’t all that impressed, so much so that IBM dismantled most of its blockchain teambecause of low revenue, andMicrosoft phased outits Azure-based blockchain cloud services.\nEven at the height of blockchain mania, the prelude to the Covid bull market, there wasn’t the same fervor as there is with AI. One would think that given the disappointment of the enterprise blockchain bubble bursting, stakeholders would have learned their lesson about enthusiastically embracing new technology.\nBut here we are.\nEuropean Central Bank Forum for Central Banking\nPoint Zero Forum\nRobinhood ends support for Polygon, Cardano and Solana\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitGo CEO Addresses Terminating Prime Trust Acquisition; Bitcoin Starts Week Above $30K\nBitGo CEO Mike Belshe joined "First Mover" to address why the custodian terminated its acquisition of rival Prime Trust after earlier this month reaching a preliminary agreement to acquire the firm for an undisclosed amount. Meanwhile, bitcoin (BTC) is off to a strong start this week, with the world’s largest digital asset holding above the $30,000 mark. Arca head of research Katie Talati shared her crypto markets analysis. And Johns Hopkins University professor of applied economics and Independent Institute senior fellow Steve Hanke shared his thoughts on the current macroeconomic factors impacting crypto, after Russia briefly faced the threat of an armed insurrection over the weekend.\nU.S. Judge Rejects Binance.US Complaint Over SEC Press Release:The exchange had complained that regulators made “misleading” public statements about the Binance’s handling of customer funds.\nUniswap\'s Hayden Adams: Q&A on Weathering the Regulatory Storm, What’s Next for DeFi:After the recent release of a proposal Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,824,802,300 - Hash Rate: 364329624.4786604 - Transaction Count: 434858.0 - Unique Addresses: 707936.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:If bitcoin manages to stay past $30K, we might get another leg up, says one analyst. Insights:Japan's recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation promotes a healthy environment for crypto startups. This continued trend of regulatory adaptability has earned praise from stakeholders. CoinDesk Market Index (CMI) 1,242 +3.5▲0.3% Bitcoin (BTC) $30,535 −19.9▼0.1% Ethereum (ETH) $1,901 +24.8▲1.3% S&P 500 4,348.33 −33.6▼0.8% Gold $1,935 +16.1▲0.8% Nikkei 225 32,781.54 −483.3▼1.5% BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) [["1,242", "+3.5\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,535", "\u221219.9\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,901", "+24.8\u25b21.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,348.33", "\u221233.6\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,935", "+16.1\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,781.54", "\u2212483.3\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}] ETF Optimism is Powering Bitcoin's Continued Rally Bitcoin and ether are both off to a strong start as the week begins in Asia. The world’s largest digital asset is still above the $30K mark, while ether is up 1.3% to $1,901. Analysts say that this mini-bull market, which has followed multiple applications for spot bitcoin ETFs, is pushing BTC and ETH to some of itsstrongest weekly gains since March. CoinDesk Indices’Bitcoin Trend Indicator (BTI)shows the asset is in a “significant uptrend” with its price gaining 15.6% during the last week and 17% over the last 14 days. “Last week, we noted how the market looked strong for mid to long-term opportunities, and Bitcoin was likely to be in the spotlight,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “This week we saw Bitcoin breaking through the $30K resistance and managing to stay above it despite volatility.” DiPasquale sees continued growth across the market in the coming weeks, but also volatility. “On the flip side, alts are now also starting to rally. But the market is likely to remain volatile in the coming weeks,” he said. “If Bitcoin manages to stay above $30K for long, we may see another leg up. On the downside, $27K now remains strong support.” Data from CoinGlassshows that over the weekend, traders with short positions had a slight edge. In the past 24 hours, there were $9.5 million in liquidated long positions and $7.10 in liquidated short positions. Open interest is up to $14.6 billion from $11.7 billion at the start of last week. The Securities and Exchange Commission (SEC) hasn’t indicated when it intends to announce a decision on thebitcoin ETFs from BlackRock, Invesco and WisdomTree. Many are optimistic that the inclusion of asurveillance-sharing agreementwould be enough to make the SEC comfortable enough to approve it, much like how the Ontario Securities Commission wanted a mature crypto custodian sectorbefore it approved the first bitcoin ETFsto be listed in Toronto in 2021. Until then, the question is: how high will bitcoin go? [{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+5.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.1%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\u22122.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\u22120.3%", "DACS Sector": "Currency"}] Crypto-Friendly Japan Recent Tax Moves Keep It at the Forefront of Regulatory Policy Over the weekendCoinDesk Japan reportedthat the National Tax Agency of Japan has amended the nation’s tax law to exclude unrealized gains of self-issued cryptocurrency from taxation. This is a huge relief for crypto startups that issue their own tokens. Before the change, the Japanese tax law required corporations to pay taxes on unrealized gains from their cryptocurrency holdings at the end of each fiscal year, irrespective of whether those gains had been realized or not. In short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value (the unrealized gain), even if it hadn't sold the cryptocurrency (i.e., hadn't "realized" the gain). This law applied to all types of cryptocurrencies, whether self-issued by the company or not. Taxing unrealized gains isn’t a policy that’s conducive to building a dynamic, successful environment for entrepreneurship.Norway tried it, and it led to an exodus. But having taxes on the unrealized gains of a token is particularly detrimental to the crypto industry as developers and other team members are often heavily compensated in these tokens to compensatefor the inherent risk of the industry – with its tremendous ups and downs. For Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution. “What we see in Japan is a very clear taxonomy for digital assets,” Rahul Advani, Ripple’s policy lead for Asia, said in a recent interview withCoinDesk. "Regulators are now looking beyond just money laundering and terrorist financing. They're looking at capital, they're looking at bank exposures, and a very important part of that is market integrity but also consumer protection." Japan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges. For example, despite the global bankruptcy of FTX, its Japanese subsidiary, FTX Japan, appears poised to pay its customers in full, largely due to Japan's careful regulation of crypto exchanges.It was the safest place to be a customerof Sam Bankman-Fried’s. “Japan has in its bankruptcy laws, [a priority for] exchange customers above other creditors,” he said. “So that's one reason why exchange customers were able to be made whole before other creditors." Now, in contrast, none of this is happening in the U.S. Sure, given existing rules about capital gains in the U.S. it's unlikely that tokens issued by crypto companies would be taxed. But there’s no specific rules to say that this won’t happen. The U.S. Securities and Exchange Commissionwon’t even give guidanceon how it determines if something – like the issued tokens at the center of this – is or isn’t a security. If the SEC won’t even advise voluntarily, good luck getting any other sort of policy development in the U.S. European Central Bank Forum for Central Banking Point Zero Forum 1 p.m. HKT/SGT(5 a.m. UTC):Japan Leading Economic Index (April) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Bitcoin Clings to $30K; Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds' Bitcoin (BTC) has seen a 20% price gain since last Thursday, but could now take a breather.21.coco-founder and CEO Hany Rashwan shares\d his crypto markets analysis. This comes as the Nevada Department of Business and Industry said crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month. Separately, Rajeev Bamra, Moody’s Investors Service SVP, DeFi and Digital Assets, weighed in on the state of U.S. crypto regulation. And, Casa CEO Nick Neuman explained why the cryptocurrency self-custody firm historically focused exclusively on the Bitcoin blockchain has added support for Ethereum. Soccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release:Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas. Influencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations:Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals. Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts:The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021. The SEC sued the company in June for offering unregistered securities. 2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme:The “Twitter hacker” plundered nearly $1 million from victims of his elaborate online schemes. Coinbase Wins Supreme Court Ruling in Arbitration Lawsuit:The company's clear legal victory in the U.S. high court isn't about crypto, but it could play into future court disputes for all businesses.... - Reddit Posts (Sample): [['u/Valenalgo', "Looks like the situation isn't very bad, we shouldn't panic", 26, '2023-06-27 00:00', 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/', "It's bad but it could be a lot worse.\n\nWhile there wasn't any hard fact or numbers in their last email, they assured us one important thing in that, they are retrieving all the assets from all their trading firms, and once its done they will distribute it to the customers, likely with a haircut. (Hopefully above 70-80%)\n\nMost other companies in similar situations did two different things:\n\n\\- Announced formal bankruptcy (Celsius, Voyager, BlockFi)\n\nThis is a very bad way imo, because they dollarize all the assets at the bankruptcy filing date, and customers will get a percentage of that.\n\nIt is bad because: When Celsius went bankrupt BTC price was around 18000, so a customer who had 1 BTC there will receive only around 50-70% of that 18000 $ after the case, the customer will lose not only the haircut but also any asset appreciation.\n\nIt takes a lot of time, Mtgox customers still waiting for their money after 10 years.\n\n\\- The other way is an early withdrawal option with a haircut.\n\nThis is what Inlock did too, after a few months they gave customers an option to choose the haircut and withdraw their crypto.\n\nLooks like from the email that Haru will go this way too.\n\nIs this good? Of course not. If I could choose I want back 100% of my assets.\n\nBut I would rather get back 70% of my crypto in a few months, than 70% of the dollar of the current crypto price 5 years later.", 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/', '14jupeu', [['u/mykeys71', 14, '2023-06-27 00:13', 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/jpnalw3/', 'Well said, this is the same way I’m interpreting it. I truly feel much better about things with this statement from Hugo “We have yet to find that any assets managed by the internal asset management team and other asset managing partners have incurred losses.”', '14jupeu'], ['u/Valenalgo', 11, '2023-06-27 01:29', 'https://www.reddit.com/r/HaruInvest/comments/14jupeu/looks_like_the_situation_isnt_very_bad_we/jpnkuey/', "Haru's operation looks more like a failure than a scam, compared to Celsius that obviously looks like a Ponzi.\n\nThere is always a possibility that they scammed us, then their emails are meaningless.\n\nBut Korea is very strict to crypto, if Haru built on fraud I doubt they will let the Haru team run free, unlike how the USA let Mashinsky free.", '14jupeu']]], ['u/wtfCraigwtf', 'Bitcoin Cash (BCH) up 120% in the past week, why?', 81, '2023-06-27 00:32', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/', 'There are a variety of reasons why BCH is showing massive price appreciation:\n\n* EDX exchange launched with big liquidity from insider Wall Street hedge funds\n* EDX will only support BCH, LTC, ETH, and BTC\n* Short covering after YEARS of downward price manipulation\n* Promising developments in BCH ecosystem like CashTokens\n* Rumors that "Chinese miners are back"\n* BCH hashrate effectively tripled in the past week\n* Other forked coins are also pumping somewhat\n* Lightning acknowledged as a failure by many hardcore Maxies\n* BCH gaining recognition as the closest thing to Satoshi\'s whitepaper concept\n* Merchants accepting BCH continually growing\n* $500k re-purchase by the SmartBCH foundation\n\nWhat\'s remarkable about BCH\'s rise is that Tether supply hasn\'t increased at all. This means it\'s most likely organic price appreciation, rather than another rigged Tether pump-and-dump. There seems to be a large influx of new Reddit bot accounts, so perhaps a huge FUD campaign is being prepared? For the time being everything just seems to be getting downvoted to hell :(.', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/', '14jvj4z', [['u/wtfCraigwtf', 25, '2023-06-27 00:34', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpndesn/', 'BCH hashrate at 4Eh/s, price target currently around $350', '14jvj4z'], ['u/MobTwo', 29, '2023-06-27 00:54', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpng51j/', "> There seems to be a large influx of new Reddit bot accounts, so perhaps a huge FUD campaign is being prepared?\n\nDon't worry. I am always here and very eager and very enthusiastic into taking down the bots and trolls.", '14jvj4z'], ['u/FearlessEggplant3036', 21, '2023-06-27 01:13', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpnir9i/', 'More buyers than sellers.\n\nAlso likely shorters saw the "obvious" pattern that BCH would go further down, and now they are fked and trying to cover, while very few owners of BCH are interested in selling their coins cheaply. After seeing how fast Bitcoin-Core could go up, why settle for a few percent profit. BCH is equally scarce and has actual utility due to onchain scaling and cheap fees.', '14jvj4z'], ['u/iamthinksnow', 23, '2023-06-27 01:36', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpnltjl/', 'Also likely that some exchanges sold customers BCH when deposited instead of storing it, and now realize they might need to get it back.\n\nOR\n\nExchanges never actually purchased BCH when customers gave them money to buy it, instead just incrementing a counter in their account and saying, "Yup, you\'re all set." It\'s a trick some stock brokerages pull, too.', '14jvj4z'], ['u/_____tomatillos_____', 11, '2023-06-27 03:38', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpo1fmn/', "it's just been too undervalued for too long. The recent news was just a catalyst for re-evaluation.", '14jvj4z'], ['u/jimmycryptso', 12, '2023-06-27 08:38', 'https://www.reddit.com/r/btc/comments/14jvj4z/bitcoin_cash_bch_up_120_in_the_past_week_why/jpow8zh/', 'Hash rate follows the price, not the other way around.', '14jvj4z']]], ['u/Top_Classroom_8247', 'My cold wallet and seed phase was stolen', 32, '2023-06-27 02:15', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/', "Left my wallet and seed at my parents house In what I thought was a safe place. They had a family/friend get together the other week and both are now gone. I stupidly had them both together in a old tin. I can see my Bitcoin was transfered somewhere else and no one will admit to doing it. Was only a few hundred dollars. But, I'm devastated. Anyway I can get this back?\n\nEdit: I meant seed phrase in the headline", 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/', '14jxzby', [['u/Alarming-Restaurant9', 27, '2023-06-27 02:19', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnrg72/', 'The key phrase here is . It was only a\nCouple hundred dollars . You can literally make that up by working 70 hours in 1 week at an entry level job', '14jxzby'], ['u/1025scrap', 19, '2023-06-27 02:44', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnuls3/', 'Just view it as a lesson learned my guy👍', '14jxzby'], ['u/Crumbs4you', 89, '2023-06-27 03:00', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnwno7/', 'no difference than someone stole your wallet with cash inside', '14jxzby'], ['u/Successful_Bird8616', 44, '2023-06-27 03:19', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpnz513/', 'It should be easy to ID the culprit with some research. Any guest would have to have some knowledge of bitcoin to recognize 12 words on a peice of paper as valuable. Any others would be clueless. Find out who among them owns bitcoin then destroy their reputation.', '14jxzby'], ['u/dubyasquared', 40, '2023-06-27 04:53', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpoaq5a/', "What address was it transferred to, an exchange?\n\nI'd still file a police report. I mean fuck them, try to make their life miserable. They might be dumb and send to a KYC exchange.", '14jxzby'], ['u/dima054', 14, '2023-06-27 06:59', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jponuby/', '1. Nice family\n2. Fuck them\n3. Report to police', '14jxzby'], ['u/Aerith_Gainsborough_', 20, '2023-06-27 07:33', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpoqt8s/', 'Big assumption you are making here: a first world citizen.', '14jxzby'], ['u/Skrilllll', 12, '2023-06-27 09:47', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpp1fho/', 'Exactly. This is even worse considering that someone had to perfectly type in a transaction address after obtaining access through a private key. (Instead of quickly looking around, and just stealing a piece of paper currency)\n\nAbsolutely terrible people, and dumb too. OP you really need to find a creative way on how to prove to your parents that it was them. If I was your dad and I believed you, I would NEVER allow these low-life piece of filth to enter my house ever again. This is where ChatGPT might come in handy to kickstart the generation on some potential creative ideas/solutions to get back at them.', '14jxzby'], ['u/Skrilllll', 15, '2023-06-27 09:56', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jpp22ng/', '> Find out who among them owns bitcoin then destroy their reputation.\n\nDestroy your enemies totally, never leave room for your enemies to retaliate or recover.', '14jxzby'], ['u/nkorslund', 13, '2023-06-27 12:08', 'https://www.reddit.com/r/Bitcoin/comments/14jxzby/my_cold_wallet_and_seed_phase_was_stolen/jppblvj/', 'Hear the lamentation of their women', '14jxzby']]], ['u/1_BigPapi', "Bitcoin's First Ever [weekly] Golden Cross Incoming?", 54, '2023-06-27 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/', 'I was going to do a bigger writeup but Tom Crown\'s video sums it up nicely (below).\n\nIf you remember the infamous "death cross" last year, usually mapped to the 50 and 200 moving averages.\n\nThis is the first time we potentially see a bullish cross, known as the "golden cross," on the weekly chart.\n\nIts only a singular data point, but with the Bitcoin halving next year, the US Dollar Index (DXY) flirting with historic bearish levels at 101, and key moving averages approaching a bullish pattern... \n\n..things could get spicy into the second half of 2023 and into 2024.\n\nMuch more analysis and supporting data in the video-\n\nhttps://youtu.be/xp4_abrI0vU', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/', '14jyxut', [['u/Due_Ad3058', 88, '2023-06-27 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpnxjmg/', 'This will be my first halving as an investor. Hopes are high. Im ready to be hurt again', '14jyxut'], ['u/mbdtf95', 34, '2023-06-27 03:15', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpnyksc/', 'TA is basically astrology for traders.', '14jyxut'], ['u/Sugar_Phut', 13, '2023-06-27 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpnzrzu/', 'I’m a Taurus does that make me bullish?', '14jyxut'], ['u/Johndrc', 15, '2023-06-27 04:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo4kwj/', 'Blackrock golden goose', '14jyxut'], ['u/Kaner16', 15, '2023-06-27 04:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo5ylt/', "You'll have about 12 months to stock up on lube since you'll refuse to take profits while the bull run is strong. Hurts a little less at least", '14jyxut'], ['u/ponililo', 66, '2023-06-27 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo89ue/', 'Just sell when the most normie person in your house starts talking about crypto', '14jyxut'], ['u/bingorunner', 17, '2023-06-27 04:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpo9zv1/', 'Buckle up all, I’m starting to see articles out there about BTC to 200k (I’d be happy to reclaim 40)', '14jyxut'], ['u/TCr0wn', 12, '2023-06-27 04:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpoagfi/', "I think 40's will happen this year.. Havnt seen the FOMO that usually marks tops yet, but i imagine we will if we get there", '14jyxut'], ['u/Da_Notorious_HAM', 12, '2023-06-27 05:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpoc3jr/', 'I read this as sell your house and buy more btc at first 😂', '14jyxut'], ['u/Da_Notorious_HAM', 10, '2023-06-27 07:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14jyxut/bitcoins_first_ever_weekly_golden_cross_incoming/jpopgz6/', 'I dream of a van by a river', '14jyxut']]], ['u/stock-prince-WK', 'Question for those who held during the last bear market ? How long were you down ?', 14, '2023-06-27 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/', 'Just wondering how long you guys held your coins being down? 1 year, 2 years, 3+ years.\n\nAnd how did it actually feel to hold for so long then finally break even again or even be back in profit?\n\nFor many this is their first bear market. Many are DCA’ing into altcoins they believe will rebound and make new all time highs next bull run…\n\nI see so many posts saying “any project that has a pulse after a bear market will pump again”…\n\nStatistically this was one of the worst market crashes in economic history and we are now seeing a slow rebound occur with Bitcoin becoming widely adopted and a spot ETF on the horizon. Institutional conglomerates now joining the crypto space more than ever. \n\nJust wanted to see what you experienced holders thought about all this.', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/', '14jzanq', [['u/Onnimation', 33, '2023-06-27 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo0n64/', "You only lose if you sell. I've learned that it's best to keep accumulating to lower your average buy price. \n\nRemember, bear market is practically same as a black friday sale on crypto.", '14jzanq'], ['u/stock-prince-WK', 14, '2023-06-27 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo0vjt/', 'Exactly. I’ve DCA’d practically to my coin’s lowest price.\n\nIf I wanted to get out I know I can with at least a breakeven during the next bull run.\n\nBut I am here to make money. Not leave with what I came in with.', '14jzanq'], ['u/SnapedDoctorStrange', 10, '2023-06-27 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo3bjk/', 'Doge brought me into crypto and the lesson I learned was to only buy BTC and ETH. I went hard at 16k BTC and 900 ETH and couldn’t be happier. I’d rather not talk about the doge.', '14jzanq'], ['u/2FangsInYa', 13, '2023-06-27 03:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo3bmd/', "I bought DCA'd 2018/2019 then did a few hundred swing trades. Never sold, always stacked. Been down like 90% a few times and up a few thousand % a couple of times. Seen every market in crypto. We have a long plan and it's still going very very well. Stack. Stack. Stack. Our goal is a $40 Trillion market then time to get out.", '14jzanq'], ['u/Josefumi12', 12, '2023-06-27 04:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo4bla/', 'Meanwhile, I bought it during the bull market last year and sold it during the bear market yesterday.', '14jzanq'], ['u/ponililo', 14, '2023-06-27 04:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpo9tcc/', 'Nah i think the hardest is selling during a bull run when you think it will get higher', '14jzanq'], ['u/BusinessBreakfast3', 29, '2023-06-27 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jporno9/', "I was accumulating BTC and ETH in 2018/2019.\n\nIt was amazing and I was as excited for the next bull market as right now! \n\nIt paid off. The ETH accumulated between $100-300 was sold between $3k-4k. Different league in life since then. \n\nNow, I'm accumulating again with anticipation of what's coming our way. This includes going heavy into BTC in the $15-25k range and into some alts I like. \n\nCrypto for millennials is what real estate was for boomers.\n\nDon't let it go to waste.", '14jzanq'], ['u/eton_templ', 13, '2023-06-27 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14jzanq/question_for_those_who_held_during_the_last_bear/jpovx0x/', 'Into. My. Veins.', '14jzanq']]], ['u/CogBlocker', 'A question about crypto dynamics and LRCs price', 60, '2023-06-27 04:05', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/', 'When Loopring started tanking, I asked this subreddit what was going on and why bitcoins dropping price affected Loopring’s. \n\nThe general consensus was that because other coins were pair-traded with Bitcoin, its price affected them. \n\nWell Bitcoin is at $30k now, back almost 50% from it’s ATH and Loopring is still $0.20….why? Why hasn’t Bitcoin coming up brought Loopring back up too?\n\nThis is a genuine question I’ve been dying to know, as has my crying wallet', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/', '14k0ert', [['u/PeederSchmychael', 38, '2023-06-27 04:19', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpo6j2h/', "Feel like you can't judge bitcoin's ATH with altcoins. It's a lot easier to affect market caps and price of coins with wayy less volume. loopring especially had a crazy change in pricing due to GameStop frenzy. If you look at loopring in 2020 we're up 10x and Bitcoin is only up about 3x.", '14k0ert'], ['u/Alskiessss', 21, '2023-06-27 04:31', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpo83d5/', "The 2021 high was hype from the Gamestop leak and unfortunately couldn't be sustained amongst the macroeconomic onslaught and subsequent collapse of some of the biggest players in the crypto space. The price has the potential to multiply 5 to 20 times from its current price but likely won't until the US regulatory uncertainty is addressed, and the alt market gets another bull run. I recommend averaging down your price if you still believe in the project and have funds to do so", '14k0ert'], ['u/Cannister7', 14, '2023-06-27 04:38', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpo8xwt/', "Putting all the GameStop stuff and Taiko and false promises aside (because other people will comment on those) BTC has pumped recently because of all this SEC stuff against alts and probably because of Black Rock or other potential EFTs.\n\nPeople are turning even more to BTC because they don't know what will happen with the alts. Plus institutional investors going in, or bring rumoured to go in, like I said.\n\nEventually, if BTC and ETH continue to go up, it will feed into alt prices, it has a tiny bit this week, but not really right now.", '14k0ert'], ['u/Repulsive_Actuator50', 15, '2023-06-27 04:50', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpoadg1/', "There are some things you have to consider when you talk about Loopring's value. \n-Bitcoin always affects Altcoin's prices, but not immediately, usually with some delay. \n- Loopring's value is more connected with Eth's value, not so much with BTC. \n-All alts are about 70% lower than last year\n- Loopring team is building extremely well\n- It's not only GME connected, there are more, it might be also other major companies like Alibaba or Bank of China -DYOR\n\n\nOf course noone knows shit about fuck! \nMy sense is that we will watch dynamic price movement when bulls are back.\nYour money - your decision though\nGood luck out there!", '14k0ert'], ['u/wakablahh', 11, '2023-06-27 05:04', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jpobzuk/', 'During bear markets you’ll see money flow from all Alts to bitcoin which is most safe. Stocks, bonds, crypto all operate like this.\n\nWhen bitcoin gets around 60% dominance, I think we’ll start seeing a reversal in money flowing to alts.', '14k0ert'], ['u/Kyletradertraitor', 11, '2023-06-27 07:44', 'https://www.reddit.com/r/loopringorg/comments/14k0ert/a_question_about_crypto_dynamics_and_lrcs_price/jporsq7/', 'But looprings all time performance is only 97%…. Compared to other alts who are up thousands of percent all time. We deserve to be at least at a dollar, this is just embarrassing', '14k0ert']]], ['u/JuustLookAway', 'Splitting up a large some off money into different investments', 27, '2023-06-27 05:22', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/', 'Hello all,\nI (23F) recently came into a good bit of money (290K). Before this happened, I would consider myself to be very aware of money, and minimally engaged with investing and the market. Before this lump some I have 25K in the bank that I pay someone to invest for me, and it loosely follows the NASDAQ (as I’m told). With this money, some has already been allocated. \n\n100K- I bought a house. This number includes my down payment and renovations and the addition of an ADU I will be living in. I will be renting out the main house and living rent free or almost rent free. This house is in an up and coming area, and an ADU is a very secure value adding renovation. \n\n75K- put into my investing account that already has money in it investing in long term stocks \n\n100K- in a money market account for even lower risk lower gain. This is a temporary measure until I have secured tenants and cash flow in my house. I just didn’t want to risk a drop in the next year when I may need it emergently. This money is where my main question comes in \n\n15K- for funzies\n\nMy questions are as follows: what do y’all think of my breakdown, and what is something a little higher risk higher reward I should look into for my 100K once I establish cash flow from the house. I’m young, this money fell into my lap, while I want to be smart and set myself up for success I also think this is the time to take some leaps of faith. \n\nPlease be kind, I know I’m not as educated as many people here on the stock market but I’m doing my best and willing to learn. \nThe house is already bought so don’t say invest every penny in bitcoin lol \n\nThank you all!\n\nEdit: if it matters I also already had 6 months worth of emergency funds so I don’t need that', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/', '14k1zvk', [['u/S7EFEN', 29, '2023-06-27 05:41', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpog4s9/', "[https://www.reddit.com/r/personalfinance/wiki/index/#wiki\\_inheritance](https://www.reddit.com/r/personalfinance/wiki/index/#wiki_inheritance)\n\n\n\n\\> Before this lump some I have 25K in the bank that I pay someone to invest for me, and it loosely follows the NASDAQ (as I’m told). With this money, some has already been allocated.\n\n\n\ni would make sure you aren't getting basically scammed on this paying front loaded fees or high %. if you are just buying an index you do not need to pay someone to help you with it.", '14k1zvk'], ['u/S7EFEN', 20, '2023-06-27 05:51', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpoh52d/', "1% is considered a very high fee but relatively standard for active management. it might not feel like a lot but go run the numbers over a lifetime on how much youll end up paying someone. you'd be really surprised. you can fund funds that track various indexes for fees in the range of 0.015% with fidelity, vanguard etc. if you are looking to pay someone for help with financial planning you want to find a fiduciary you can pay hourly to sit down with and chat and not pay recurring fees on active management.\n\nif youve found your way onto pf related subreddits chances are you are responsible enough to buy a low cost index fund instead of paying a 1% tax on someone to manage your account for you.", '14k1zvk'], ['u/kristofmic', 16, '2023-06-27 06:07', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpoitk8/', 'Your overall plan sounds fine. But that $25k invested and $75k more to add, putting it into a black box as you describe doesn’t sound ideal. You say it’s supposed to loosely follow Nasdaq, well how loose? What’s the performance? You could track Nasdaq yourself easily for much less cost. You may want to consider reevaluating that piece before putting in more.', '14k1zvk'], ['u/my_name_is_gato', 11, '2023-06-27 06:17', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpojvf5/', 'Why 30 year bonds, especially in an era of a prolonged inverted yield curve? It seems silly for an individual investor to tie up capital for so long at far less return than say a short term T-bill ladder would offer. \n\n\nI see far greater benefit to preserving liquidity with the goal of using downturns to place a little more in equities. At age 23, there is a better risk/reward to equities than long term bonds. The chance to buy into a downturn at such a young age is something most people never have a chance to do. OP can afford to be more aggressive and has a lot of time to capture upside.', '14k1zvk'], ['u/FitmiscFA', 21, '2023-06-27 07:16', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpopbee/', 'You could just buy QQQM yourself which has a very low expense ratio and save yourself a ton of money. They are doing something incredibly simple and charging you a lot of money to do it.', '14k1zvk'], ['u/AccomplishedClub6', 12, '2023-06-27 10:17', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpp3ku2/', 'Do not pay 1% expense ratios! Fees compound over time. You lose that 1% every single year and you also lose what that money would have earned you when compounded over 40-50 years. \n\nIf there’s 1 single advice you take away from all these replies: please pick a low cost index fund that charges 0.02% instead of the 1.00% (50 times less fees). It’s so much easier than dealing with a “financial advisor” AKA glorified salesperson, and you’ll likely save at least $100,000 in fees over your lifetime.', '14k1zvk'], ['u/AccomplishedClub6', 11, '2023-06-27 10:24', 'https://www.reddit.com/r/investing/comments/14k1zvk/splitting_up_a_large_some_off_money_into/jpp41lw/', 'Tech has done well recently - you should go back and calculate your returns if you has just invested in a tech heavy stock index without the fees.\n\nPast returns do not guarantee future results. But with a 1% expense ratio I can guarantee you’ll fall way behind the market over the long term. It takes a special kind of genius and a lot of luck to beat the market by an average of 1% a year over 30-40 years. It’s near impossible.', '14k1zvk']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, June 27, 2023', 38, '2023-06-27 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/', '14k2rn3', [['u/therein', 10, '2023-06-27 09:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpoxxjv/', '12 hours until the price unexpectedly rises. It is a mystery.', '14k2rn3'], ['u/viralhysteria', 13, '2023-06-27 13:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppl75i/', 'not expecting the crab to last much longer \n[https://i.imgur.com/OdeGMMV.jpg](https://i.imgur.com/OdeGMMV.jpg)', '14k2rn3'], ['u/gozunker', 11, '2023-06-27 14:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppn5os/', 'My man, seems like you prefer maximum pain', '14k2rn3'], ['u/RequestApproved', 10, '2023-06-27 14:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppnm68/', 'Looks like a retest of 31k may be on the cards, although momentum has tapered on lower timeframes.', '14k2rn3'], ['u/imissusenet', 25, '2023-06-27 14:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppqct9/', "Yesterday, BTC closed on Coinbase at $30,272.66. That is 2.3257x of the price exactly 4 years earlier ($13,016.23), and marks the lowest that ratio has been in BTC's history. That is an annual compound growth rate of 23.49%. At that rate, the price doubles every 1078 days.\n\nThe previous low was 2.4119x. The good news is that by 26 Jul 2019, the price was back under $9.9K, so the 4-year ratio is bound to improve, barring a nasty drop in the next month.\n\nEDIT: Corrected CAGR and doubling days per u/dopeboyrico", '14k2rn3'], ['u/dopeboyrico', 13, '2023-06-27 15:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jppvdlx/', 'Annualized Return = [(Ending value of investment / Beginning value of investment) ^ (1 / Number of years held)] - 1\n\nThen multiply by 100 to convert into a percentage rather than a fraction.', '14k2rn3'], ['u/PurpleFlamingoFarmer', 10, '2023-06-27 16:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq0gm6/', "You might be retarded. We were in a bear market for so long we broke out of that earlier this year and you keep shorting and shorting? During a bull market you're gonna get eaten alive over the next 6-7months", '14k2rn3'], ['u/ubermensch012', 16, '2023-06-27 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq11vk/', 'No wonder I slept so well today, long going strong. See yall at 35k.', '14k2rn3'], ['u/ubermensch012', 11, '2023-06-27 16:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq1d2w/', "Let him be, we need rocket fuel. He'll be back to being bullish when I start to unload my bags.", '14k2rn3'], ['u/escendoergoexisto', 11, '2023-06-27 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq5465/', 'I’m more excited about weakening res due to PA taking another shot at it. That upside wick on the daily needs filling.', '14k2rn3'], ['u/delgrey', 15, '2023-06-27 16:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq8s2r/', 'BITX opened today to good volume. Looks like 2x leverage for Bitcoin futures is popular enough.\n\nAlso Fidelity gonna apply for Spot ETF soon. I think that one is expected but hey the more the merrier.', '14k2rn3'], ['u/ImpudicusFungus', 12, '2023-06-27 17:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpq9fjx/', 'The crab is still on the menu for supper?', '14k2rn3'], ['u/BootyPoppinPanda', 17, '2023-06-27 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpqfsde/', "This $31-33k range, give or take, is probably the strongest S/R level of the entire previous cycle. There are some decent levels above it, but I'd be quite pleased to see 35k at some point hopefully in the next few weeks, maybe days.", '14k2rn3'], ['u/delgrey', 23, '2023-06-27 20:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jpr4pzz/', 'So it turns out Prime Trust lost the keys to their Bitcoin in 2021 then used client funds to try to trade their way back. "Qualified Custodian" heh.\n\n[Prime trust goes into receivership. They are done.](https://twitter.com/tier10k/status/1673743351785439251)\n\n[Prime trust traded garbage to try to dig out of hole](https://twitter.com/ArkhamIntel/status/1673749704163856384?t=dMLfWPpuuwafUgsenMvq8Q&s=19)', '14k2rn3'], ['u/NervousNorbert', 14, '2023-06-27 21:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprav1j/', 'What a god damn clown show this whole field is. It\'s been nine years since Mt. Gox collapsed and we still have "serious" actors going "oh god I lost my customers\' funds but I think I can trade my way back".', '14k2rn3'], ['u/AccidentalArbitrage', 18, '2023-06-27 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprcoyy/', "Looks like they bought back most of what they lost, already, using clients' fiat:\n\n>Prime Trust owes customers $85,670,000, in fiat currency, but only has $2,904,000 \nAs to digital currency, PT owes $69,509,000 to its clients but only has $68,648,000\n\n[https://twitter.com/tier10k/status/1673744184572887049](https://twitter.com/tier10k/status/1673744184572887049)\n\nThose numbers are much, much, smaller than I expected for as how often I see Prime Trust mentioned.\n\nIn terms of a shortfall, this is like an exchange no one has ever heard of going bust.\n\nAnyone want to join my new startup? A digital currency custodian that:\n\n1. Knows how to properly fucking handle keys\n2. Doesn't lend, trade, anything. You pay us a % fee per year to securely store your coins and give them to you when you request a withdrawal.\n\nA simple, profitable business, none of this stupid, sketchy, shit.", '14k2rn3'], ['u/delgrey', 11, '2023-06-27 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprkhr5/', "Get this... Prime Trust's biggest crypto holding is AUDIO. The soundest of monies.", '14k2rn3'], ['u/ReflectionFamiliar68', 11, '2023-06-27 22:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14k2rn3/daily_discussion_tuesday_june_27_2023/jprm4dt/', 'Leaving your money with someone else is actually one of the main problems bitcoin solved, and then most people just ignored that solution and gave their money away for no reason at all', '14k2rn3']]], ['u/SlugFunkE', 'Bitcoin is amazing', 54, '2023-06-27 07:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/', 'I got a new hardware wallet and wanted to make a few test transaction. \n\n1. I bought $25 of bitcoin from strike, no fee.\n\n2. I send said bitcoin to my new cold wallet, no fee. (Strike is the best)\n\n3. I sent my Bitcoin from cold wallet to hot wallet, paid 36 cents high priority speed.\n\n4. I finally send the bitcoin back to my cold wallet from hot wallet, paid 37 cents. \n\nI started with $25 and ended with $24.27.\n\nAs someone who wires transactions monthly threw my bank, this is amazing. I hodl bitcoin but to send some back and forth felt amazing. \n\nLong live bitcoin!', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/', '14k4kfx', [['u/Ectophial1', 47, '2023-06-27 07:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jporl4q/', "Don't try this with ETH 🤣", '14k4kfx'], ['u/JGCheema', 16, '2023-06-27 07:50', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jposbg8/', "I started with 25$ eth and at the end i was left with no house. Wouldn't recommend 0/10", '14k4kfx'], ['u/CrimsonFox99', 12, '2023-06-27 08:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpotz2g/', 'So you and the 18 other people who use it to avoid wire transfer fees can rejoice while the rest of us stare at charts.', '14k4kfx'], ['u/MinimalGravitas', 11, '2023-06-27 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoutk5/', 'To send ether on the Ethereum network (and have the transaction confirmed within 3 minutes) currently costs about $0.43:\n\nhttps://etherscan.io/gastracker\n\n\nTo send bitcoin over the Bitcoin network (and have the transaction confirmed within 1 hour) currently costs about $1.49:\n\nhttps://btc.network/estimate', '14k4kfx'], ['u/ChemicalGreek', 26, '2023-06-27 08:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpov1ab/', 'No ETH will be left after these transactions 🫡', '14k4kfx'], ['u/deathbyfish13', 53, '2023-06-27 08:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoxuyc/', "This is the weirdest Strike ad I've seen", '14k4kfx'], ['u/TukkerWolf', 24, '2023-06-27 08:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoxv8k/', 'Must be a great feeling for Americans to electronically wire money for free, like Europeans have been doing for decades now?', '14k4kfx'], ['u/marcosg_aus', 10, '2023-06-27 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoy9r7/', "I don't understand... I transfer money between banks on a daily basis for nothing.. bank account is free, they pay interest on my savings. Why is getting charged to transfer money around a good thing?", '14k4kfx'], ['u/ProjectZeus', 17, '2023-06-27 09:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpoyq1v/', "Call me old-fashioned, but losing 3% of your money just to move it around twice isn't that impressive", '14k4kfx'], ['u/Ryan-Cohen', 11, '2023-06-27 09:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14k4kfx/bitcoin_is_amazing/jpp0pg4/', 'Americans have been sending money for free too. OP is just one of the few that somehow thinks paying 3% to transfer money to his own accounts is a good deal', '14k4kfx']]], ['u/CooperStellar', 'Batman and Robin go out for a few drinks', 2685, '2023-06-27 07:42', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/', 'Both superheroes are exhausted after a long week of non-stop crime fighting, and decide to chill for a few a hours at the local watering hole.\n\nRobin knows his friend has been working way too hard and for long hours. So he thinks, what the heck, he can get drunk and relax. He decides to remain watchful and orders non-alcoholic beer, while Batman orders a bottle a scotch for himself.\n\nThe booze takes the edge off and Batman opens up about his dead parents, the millions he\'s lost on Bitcoin, his romantic relationship failures... He\'s almost crying.\n\nA couple of hours later he finishes the bottle and is totally shit-faced. Robin pays the bill, and they exit the bar and head off to where they parked the Batmobile.\n\nBatman can barely walk. He realizes he can\'t drive so he hands the Batmobile\'s keys to Robin. "You\'re driving tonight, kiddo".\n\nRobin\'s jaw drops. He can\'t believe his luck. After all these years, he\'s finally driving this machine! And boy, is he going to test its limits! He puts Batman in the passenger seat, lowers it and buckles him up.\n\nHe turns on the engine, grabs the stick shift, shifts into first and slams down the gas pedal. He quickly shifts into second, third gear. He goes from 0-60 in 2.5 seconds. He\'s driving through Gotham\'s streets like a maniac. He takes a hard turns and downshifts to control the steer. He enters the freeway and is quickly upshifting gears again.\n\nHe wants to take this baby to the limit so he repeatedly takes exits and climbs back unto the freeway. He takes exit ramps at 90 mph. He\'s pushing over 150. And he\'s controlling the car with the stick alone, masterfully upshifting and downshifting. He\'s barely touched the brakes. Batman hasn\'t made a peep.\n\nAfter a while, he realizes he\'s pushed the Batmobile enough and probably came close to busting the gearbox. He drives back to the Batcave.\n\nHe parks the Batmobile and opens the door to exit, but a hand stops him.\n\n"Kiss me, Robin."\n\n"Say what, Batman?!?"\n\n"Kiss me, Robin!"\n\n"Batman, what the heck? You know I\'m not gay!"\n\n"Robin, shut up and give a me kiss."\n\n"I don\'t know what gave you that idea, but im not into you!"\n\n"Oh come on, Robin. You\'ve always known that the Batmobile is automatic."\n\nEDIT: A word.\n\nEDIT 2: Thanks for all the upvotes! Apologies for any grammar mistakes as I translated it to English, and it is not my native language.', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/', '14k4r1m', [['u/RIP_comment_section', 10, '2023-06-27 08:00', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpot4q4/', 'Hahaha this belongs on 4chan', '14k4r1m'], ['u/FillThisEmptyCup', 10, '2023-06-27 09:13', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpoyxvs/', 'Jared Fogel as the Batman… but only if Joe Pesci can be the Batboy.', '14k4r1m'], ['u/Flarexxx', 45, '2023-06-27 09:17', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpoz6ym/', 'Can someone explain', '14k4r1m'], ['u/foodsexreddit', 117, '2023-06-27 09:24', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpozryi/', "It wasn't the stick shift he grabbed.", '14k4r1m'], ['u/pravin-singh', 70, '2023-06-27 09:28', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp00a5/', 'Automatic Transmission, meaning no stick-shift. So the "stick" robin has been so furiously working up is in fact ...', '14k4r1m'], ['u/BrunoAndRoyal', 18, '2023-06-27 09:32', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp0cu1/', "He wasn't grabbing the stick, Robin was jerking Batman off", '14k4r1m'], ['u/amerkanische_Frosch', 238, '2023-06-27 09:38', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp0rgq/', 'Poor Alfred is going to have to do a lot of car upholstery cleaning.', '14k4r1m'], ['u/phd2k1', 47, '2023-06-27 09:40', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp0xbm/', 'Penis', '14k4r1m'], ['u/lofty99', 196, '2023-06-27 09:57', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp243i/', "I knew Robin's real name was Dick", '14k4r1m'], ['u/smchattan', 21, '2023-06-27 10:19', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp3p7g/', "From someone who's never driven stick.", '14k4r1m'], ['u/the_harshit_j', 59, '2023-06-27 10:34', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp4qd9/', 'That joke took a weird turn.', '14k4r1m'], ['u/LordTonto', 145, '2023-06-27 10:41', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp59yy/', 'whoa whoa whoa "both SUPERHEROES?!" One superhero and one sidekick.', '14k4r1m'], ['u/shippinglaw', 818, '2023-06-27 10:48', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp5rpy/', '"...probably came to busting the gearbox"', '14k4r1m'], ['u/desi_curry', 97, '2023-06-27 10:51', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp5x68/', 'So robin grabbed a batdick', '14k4r1m'], ['u/DerRaumdenker', 848, '2023-06-27 11:11', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp7dqc/', "Why does batman wear dark clothes? So he won't get shot\n\nWhy does Robin wear brightly colored clothes? So batman won't get shot", '14k4r1m'], ['u/noonionclub', 371, '2023-06-27 11:32', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp8x46/', "Why does Batman wears a mask that doesn't cover his whole face? So he won't get shot by cops.", '14k4r1m'], ['u/Lem0n_Lem0n', 20, '2023-06-27 11:37', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpp99xl/', 'Batsitck in that particular context...', '14k4r1m'], ['u/Chromeboy12', 13, '2023-06-27 11:49', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppa6ek/', "I've never driven automatic and it still took me a minute to get it lol", '14k4r1m'], ['u/gagaDESTROYER', 75, '2023-06-27 11:51', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppabu7/', 'Omg...i just realised the joke thanks to your comment. Thanks i guess?', '14k4r1m'], ['u/desi_curry', 19, '2023-06-27 11:53', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppah8u/', 'Pleasure', '14k4r1m'], ['u/No-Love-5245', 61, '2023-06-27 12:17', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppcb6m/', "Lol, I don't get this. Is this to do with colour?", '14k4r1m'], ['u/lankymjc', 77, '2023-06-27 12:25', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppcxb6/', 'Yeah the joke is that cops only shoot black folks.', '14k4r1m'], ['u/lankymjc', 24, '2023-06-27 12:25', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppcylx/', 'Sidekicks are heroes too! Teen titans represent!', '14k4r1m'], ['u/GolettO3', 217, '2023-06-27 12:32', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppdjbz/', 'How many American cops does it take to change a light bulb? None, they just beat the room for being black.', '14k4r1m'], ['u/GolettO3', 67, '2023-06-27 12:34', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppdmrj/', 'Whoa whoa whoa "Superheroes"?! Neither of them have powers', '14k4r1m'], ['u/DCP23', 21, '2023-06-27 12:50', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppf0zc/', "was Batman's.", '14k4r1m'], ['u/r_kay', 71, '2023-06-27 12:51', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppf52n/', 'Money is the best superpower.', '14k4r1m'], ['u/WhyYouYellinAtMeMate', 94, '2023-06-27 13:13', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jpph0nl/', 'In order for this joke to make any sense at all... I have to assume Batman immediately whipped out a raging boner when they got into the Batmobile. Otherwise, Robin would have had to fish out the Batknob.', '14k4r1m'], ['u/doowgad1', 24, '2023-06-27 13:29', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppikq4/', "Look up 'The Tick' cartoon show. There was an episode where The Tick and Arthur go to a superhero bar, but they don't let Arthur inside; he has to go to the shed behind the place and hang with the sidekicks.", '14k4r1m'], ['u/B71115', 123, '2023-06-27 13:39', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppji6l/', 'Whatever turns you on', '14k4r1m'], ['u/lankymjc', 13, '2023-06-27 13:55', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppl5pc/', 'The sidekick bigotry goes deep! We must rise up!', '14k4r1m'], ['u/oO0Kat0Oo', 10, '2023-06-27 13:56', 'https://www.reddit.com/r/Jokes/comments/14k4r1m/batman_and_robin_go_out_for_a_few_drinks/jppl98u/', "Because automatic cars still have a stick in the center console. At least, most of them still do. Some have reverted to just buttons. \n\n...and you can still shift gears in an automatic if you want to. \n\nJust don't think too hard about it.", '14k4r1m'], ['u/Jonk3r', 83, '2023-06-27 13:59', 'https://www... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedlypreparingfor a spot Bitcoin exchange-traded fund (ETF) application.\nBitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days.\nEther rose 1.63% to US$1,887 for a gain of 5.61% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain.\nFidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news sitereportedon Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets.\nHowever, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did howeverlaunchtheFidelity Advantage Bitcoin ETFin Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year.\nInvestors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedlyofferingBitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong.\nHSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally beenfrostytoward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges.\n“Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement.\nThe total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week.\nThe decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“This may reflect traders selling their existing assets to buy the newAzuki Elementalscollection,” Petscher added. “It also reflects a major sell-off in the mainAzukiandBeanzcollections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].”\nNFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlamdata.\n“As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 whenOtherdeedsNFTs were minted.\nNotably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million.\n“It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” PetschersaidTuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?”\nAsia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by reboundinghome salesand strengthenedconsumer confidence.\nHowever, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%.\nIn China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to officialdatareleased Wednesday.\nPremier Li Qiangsaidat the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said.\nElsewhere in the region, South Korea’s consumer sentiment indexclimbedin June to beat expectations and reach the highest since May last year.\nIn Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS)datashowed Wednesday\n“While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesdaystatement.\nWhile the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S.\nPowell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add South Korea data in equities section.)', 'Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedly preparing for a spot Bitcoin exchange-traded fund (ETF) application. All top 10 cryptos rise Bitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days. Ether rose 1.63% to US$1,887 for a gain of 5.61% for the week. All top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain. Fidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news site reported on Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, including BlackRock , WisdomTree , Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets. However, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did however launch the Fidelity Advantage Bitcoin ETF in Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year. Investors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedly offering Bitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong. HSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally been frosty toward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges. Story continues “Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement. The total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data. Azuki Elementals NFTs take off The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week. The decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “This may reflect traders selling their existing assets to buy the new Azuki Elementals collection,” Petscher added. “It also reflects a major sell-off in the main Azuki and Beanz collections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].” NFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlam data . “As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 when Otherdeeds NFTs were minted. Notably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million. “It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” Petscher said Tuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?” Asia stocks mixed, China industrial profits sink Chinese Premier Li Qiang. Image: Getty Images Asia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by rebounding home sales and strengthened consumer confidence . However, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%. In China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to official data released Wednesday. Premier Li Qiang said at the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said. Elsewhere in the region, South Korea’s consumer sentiment index climbed in June to beat expectations and reach the highest since May last year. In Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS) data showed Wednesday “While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesday statement . While the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S. Powell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add South Korea data in equities section.)', 'Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedlypreparingfor a spot Bitcoin exchange-traded fund (ETF) application.\nBitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days.\nEther rose 1.63% to US$1,887 for a gain of 5.61% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain.\nFidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news sitereportedon Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets.\nHowever, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did howeverlaunchtheFidelity Advantage Bitcoin ETFin Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year.\nInvestors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedlyofferingBitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong.\nHSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally beenfrostytoward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges.\n“Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement.\nThe total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week.\nThe decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“This may reflect traders selling their existing assets to buy the newAzuki Elementalscollection,” Petscher added. “It also reflects a major sell-off in the mainAzukiandBeanzcollections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].”\nNFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlamdata.\n“As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 whenOtherdeedsNFTs were minted.\nNotably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million.\n“It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” PetschersaidTuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?”\nAsia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by reboundinghome salesand strengthenedconsumer confidence.\nHowever, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%.\nIn China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to officialdatareleased Wednesday.\nPremier Li Qiangsaidat the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said.\nElsewhere in the region, South Korea’s consumer sentiment indexclimbedin June to beat expectations and reach the highest since May last year.\nIn Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS)datashowed Wednesday\n“While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesdaystatement.\nWhile the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S.\nPowell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsa 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26.\n(Updates to add South Korea data in equities section.)', 'Good morning. Here’s what’s happening:\nPrices:The market remains optimistic about a bitcoin ETF, and good economic data from the U.S. is keeping it in the green.\nInsights:Singapore\'s ease of doing business, regulatory structure and digital infrastructure largely accounted for its number two ranking in the CoinDesk Hubs survey.\nCoinDesk Market Index (CMI)\n1,237\n+7.1▲0.6%\nBitcoin (BTC)\n$30,585\n+293.3▲1.0%\nEthereum (ETH)\n$1,874\n+16.6▲0.9%\nS&P 500\n4,378.41\n+49.6▲1.1%\nGold\n$1,925\n+1.1▲0.1%\nNikkei 225\n32,538.33\n−160.5▼0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "+7.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,585", "+293.3\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "+16.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,378.41", "+49.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "+1.1\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,538.33", "\\u2212160.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is Comfortable at $30K\nMost major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets.\nBitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data.\nLayer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. TheCoinDesk Market Index (CMI)was also up 1.4%.\n“There was a lot of US economic data released today, and the key takeaway was that the economy is not breaking just yet,” Edward Moya, OANDA Senior Market Analyst, told CoinDesk in a note. “Bitcoin momentum remains intact as Fidelity joins the quest for the elusive bitcoin ETF…optimism is here that one of these financial giants will get one done before summer\'s end.”\nDuring arecent appearance on CoinDesk TV, Moya predicted that bitcoin could reach $40,000 before the end of the year.\n“Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. Initial resistance comes from the 34,000 level, and if we do see a bitcoin ETF approval, institutional momentum could take the rally as high as the $40,000 level,” he told CoinDesk. “Any major setbacks with a BlackRock ETF rejection and a Grayscale defeat could temporarily kill the rally, but optimism will still remain that the ETF will eventually get done.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+12.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.2%", "DACS Sector": "Computing"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nSingapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nKnown for governmental efficiency, the city-state of Singapore scored highest overall for the three measures it could control: regulatory structure (35% of the total score and included in the drivers category), digital infrastructure (12%) and ease of doing business (10%), which are both part of the enablers category. That was enough to be firmly ensconced in second place despite middling scores for quality of life – due to a very high cost of living – and per-capita crypto jobs, companies and events, which comprise the opportunities category.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nDespite the crypto industry’s well-earned reputation as theWild West, crypto founders tend to prioritize predictability and clear regulations when shopping for a place to incorporate. That’s why the well-regulated, efficiently governed city-state of Singapore hosts the headquarters or satellites of some of the biggest brands in crypto, including Binance, Coinbase andCrypto.com. But after the spectacular failures of its homegrown darlingsTerraform Labs and Three Arrows Capital plunged the ecosystem into Crypto Winter, Singapore’s crypto community is licking its wounds – and beginning to look to the future.\nSingapore still has a strong reputation: it received the most mentions for best crypto hub in a select CoinDesk survey sent to about three dozen globetrotting crypto professionals this spring. The Red Dot has all the ingredients of a strong crypto hub, with the highest rating in the world for digital infrastructure (as measured by theTufts/Fletcher Digital Evolution Index) and second-highest ranking in the World Bank’sEase of Doing Business index.\nIt is the most competitive fintech hub in the Asia Pacific region, according to the2023 Global Financial Centres Index, edging out Hong Kong, and a regulatory leader for crypto. In 2020, the Monetary Authority of Singapore (MAS) passed the Payment Services License Act. “There were all these companies that were all rushing to Singapore to apply for the license because it was actually the first regulator in the region that had a proper digital-assets licensing framework,” said Pamela Lee, head of APAC sales at Talos, developer of institutional-grade technology for digital-asset trading.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nPrakash Somosundram, founder of Enjinstarter, a blockchain-based crowdfunding platform for early crypto projects, described having had a “front row seat” to the Singaporean crypto scene since 2015. “In the early days, when it came to crypto, from a regulatory perspective, it was very pro. So this is where a lot of crypto influencers moved their capital,” Somosundram said. And with no capital gains tax, “It is an ideal place for the crypto affluent to actually come here.”\nA highly educated workforce and institutional fintech know-how have been a potent mix for Singapore. Among the first initial coin offerings (ICO) were Singaporean startups such as cryptocurrency payment platform TenX, which raised $43 million in just seven minutes in 2017. That year, Singapore even surpassed the U.S. with $1.5 billion versus $1.2 billion in ICO funding, an astounding amount for a locale that is roughly the landmass of New York City, with just two-thirds of the population.\nRead the full storyhere:\nEuropean Central Bank Forum for Central Banking(Portugal)\nPoint Zero Forum(Zurich, Switzerland)\nBlockchance 23(Hamburg, Germany)\nJoe Biden speech on the economy(Chicago)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCircle CEO Expects Bitcoin ETFs to Likely be Approved; Top Crypto Hubs in 2023\nIn a Bloomberg interview, Circle CEO Jeremy Allaire said he expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed. OANDA Senior Market Analyst for The Americas Edward Moya shared his crypto markets analysis as bitcoin (BTC) holds above $30,000. Plus, Wilk Auslander LLP partner Eric Snyder discussed a new report from the FTX team that digs through the financial guts of the failed exchange. And, CoinDesk ranked the top crypto hubs in 2023. MidChains co-founder and CEO Basil Al Askari explains why Abu Dhabi made the list.\nAs Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets:The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.\nFTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg:The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.\nTrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says:The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.\nJack Dorsey Questions Apple\'s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms:The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store.\nFirst Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut:The ETF saw about $500K worth of trades in the first 15 minutes.', 'Good morning. Here’s what’s happening: Prices: The market remains optimistic about a bitcoin ETF, and good economic data from the U.S. is keeping it in the green. Insights: Singapore\'s ease of doing business, regulatory structure and digital infrastructure largely accounted for its number two ranking in the CoinDesk Hubs survey. Prices CoinDesk Market Index (CMI) 1,237 +7.1 ▲ 0.6% Bitcoin (BTC) $30,585 +293.3 ▲ 1.0% Ethereum (ETH) $1,874 +16.6 ▲ 0.9% S&P 500 4,378.41 +49.6 ▲ 1.1% Gold $1,925 +1.1 ▲ 0.1% Nikkei 225 32,538.33 −160.5 ▼ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,237 +7.1 ▲ 0.6% Bitcoin (BTC) $30,585 +293.3 ▲ 1.0% Ethereum (ETH) $1,874 +16.6 ▲ 0.9% S&P 500 4,378.41 +49.6 ▲ 1.1% Gold $1,925 +1.1 ▲ 0.1% Nikkei 225 32,538.33 −160.5 ▼ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is Comfortable at $30K Most major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets. Bitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data. Layer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. The CoinDesk Market Index (CMI) was also up 1.4%. “There was a lot of US economic data released today, and the key takeaway was that the economy is not breaking just yet,” Edward Moya, OANDA Senior Market Analyst, told CoinDesk in a note. “Bitcoin momentum remains intact as Fidelity joins the quest for the elusive bitcoin ETF…optimism is here that one of these financial giants will get one done before summer\'s end.” During a recent appearance on CoinDesk TV , Moya predicted that bitcoin could reach $40,000 before the end of the year. “Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. Initial resistance comes from the 34,000 level, and if we do see a bitcoin ETF approval, institutional momentum could take the rally as high as the $40,000 level,” he told CoinDesk. “Any major setbacks with a BlackRock ETF rejection and a Grayscale defeat could temporarily kill the rally, but optimism will still remain that the ETF will eventually get done.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Stellar XLM +12.2% Smart Contract Platform Cosmos ATOM +2.1% Smart Contract Platform Chainlink LINK +1.2% Computing Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.2% Smart Contract Platform Gala GALA −1.3% Entertainment Loopring LRC −0.7% Smart Contract Platform Insights Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset Known for governmental efficiency, the city-state of Singapore scored highest overall for the three measures it could control: regulatory structure (35% of the total score and included in the drivers category), digital infrastructure (12%) and ease of doing business (10%), which are both part of the enablers category. That was enough to be firmly ensconced in second place despite middling scores for quality of life – due to a very high cost of living – and per-capita crypto jobs, companies and events, which comprise the opportunities category. For more on the criteria and how we weighted them, see: How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology. (Ian Suarez/CoinDesk) Despite the crypto industry’s well-earned reputation as the Wild West , crypto founders tend to prioritize predictability and clear regulations when shopping for a place to incorporate. That’s why the well-regulated, efficiently governed city-state of Singapore hosts the headquarters or satellites of some of the biggest brands in crypto, including Binance, Coinbase and Crypto.com . But after the spectacular failures of its homegrown darlings Terraform Labs and Three Arrows Capital plunged the ecosystem into Crypto Winter , Singapore’s crypto community is licking its wounds – and beginning to look to the future. Singapore still has a strong reputation: it received the most mentions for best crypto hub in a select CoinDesk survey sent to about three dozen globetrotting crypto professionals this spring. The Red Dot has all the ingredients of a strong crypto hub, with the highest rating in the world for digital infrastructure (as measured by the Tufts/Fletcher Digital Evolution Index ) and second-highest ranking in the World Bank’s Ease of Doing Business index . It is the most competitive fintech hub in the Asia Pacific region, according to the 2023 Global Financial Centres Index , edging out Hong Kong, and a regulatory leader for crypto. In 2020, the Monetary Authority of Singapore (MAS) passed the Payment Services License Act. “There were all these companies that were all rushing to Singapore to apply for the license because it was actually the first regulator in the region that had a proper digital-assets licensing framework,” said Pamela Lee, head of APAC sales at Talos, developer of institutional-grade technology for digital-asset trading. Read Crypto Hubs 2023: Where to Live Freely and Work Smart Prakash Somosundram, founder of Enjinstarter, a blockchain-based crowdfunding platform for early crypto projects, described having had a “front row seat” to the Singaporean crypto scene since 2015. “In the early days, when it came to crypto, from a regulatory perspective, it was very pro. So this is where a lot of crypto influencers moved their capital,” Somosundram said. And with no capital gains tax, “It is an ideal place for the crypto affluent to actually come here.” A highly educated workforce and institutional fintech know-how have been a potent mix for Singapore. Among the first initial coin offerings (ICO) were Singaporean startups such as cryptocurrency payment platform TenX, which raised $43 million in just seven minutes in 2017. That year, Singapore even surpassed the U.S. with $1.5 billion versus $1.2 billion in ICO funding, an astounding amount for a locale that is roughly the landmass of New York City, with just two-thirds of the population. Read the full story here : Important events. European Central Bank Forum for Central Banking (Portugal) Point Zero Forum (Zurich, Switzerland) Blockchance 23 (Hamburg, Germany) Joe Biden speech on the economy (Chicago) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Circle CEO Expects Bitcoin ETFs to Likely be Approved; Top Crypto Hubs in 2023 In a Bloomberg interview, Circle CEO Jeremy Allaire said he expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed. OANDA Senior Market Analyst for The Americas Edward Moya shared his crypto markets analysis as bitcoin (BTC) holds above $30,000. Plus, Wilk Auslander LLP partner Eric Snyder discussed a new report from the FTX team that digs through the financial guts of the failed exchange. And, CoinDesk ranked the top crypto hubs in 2023. MidChains co-founder and CEO Basil Al Askari explains why Abu Dhabi made the list. Headlines As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets: The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets. FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg: The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources. TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says: The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust. Jack Dorsey Questions Apple\'s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms: The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store. First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut: The ETF saw about $500K worth of trades in the first 15 minutes.', 'Good morning. Here’s what’s happening:\nPrices:The market remains optimistic about a bitcoin ETF, and good economic data from the U.S. is keeping it in the green.\nInsights:Singapore\'s ease of doing business, regulatory structure and digital infrastructure largely accounted for its number two ranking in the CoinDesk Hubs survey.\nCoinDesk Market Index (CMI)\n1,237\n+7.1▲0.6%\nBitcoin (BTC)\n$30,585\n+293.3▲1.0%\nEthereum (ETH)\n$1,874\n+16.6▲0.9%\nS&P 500\n4,378.41\n+49.6▲1.1%\nGold\n$1,925\n+1.1▲0.1%\nNikkei 225\n32,538.33\n−160.5▼0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "+7.1\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,585", "+293.3\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,874", "+16.6\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,378.41", "+49.6\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,925", "+1.1\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,538.33", "\\u2212160.5\\u25bc0.5%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is Comfortable at $30K\nMost major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets.\nBitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data.\nLayer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. TheCoinDesk Market Index (CMI)was also up 1.4%.\n“There was a lot of US economic data released today, and the key takeaway was that the economy is not breaking just yet,” Edward Moya, OANDA Senior Market Analyst, told CoinDesk in a note. “Bitcoin momentum remains intact as Fidelity joins the quest for the elusive bitcoin ETF…optimism is here that one of these financial giants will get one done before summer\'s end.”\nDuring arecent appearance on CoinDesk TV, Moya predicted that bitcoin could reach $40,000 before the end of the year.\n“Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. Initial resistance comes from the 34,000 level, and if we do see a bitcoin ETF approval, institutional momentum could take the rally as high as the $40,000 level,” he told CoinDesk. “Any major setbacks with a BlackRock ETF rejection and a Grayscale defeat could temporarily kill the rally, but optimism will still remain that the ETF will eventually get done.”\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+12.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.2%", "DACS Sector": "Computing"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nSingapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nKnown for governmental efficiency, the city-state of Singapore scored highest overall for the three measures it could control: regulatory structure (35% of the total score and included in the drivers category), digital infrastructure (12%) and ease of doing business (10%), which are both part of the enablers category. That was enough to be firmly ensconced in second place despite middling scores for quality of life – due to a very high cost of living – and per-capita crypto jobs, companies and events, which comprise the opportunities category.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nDespite the crypto industry’s well-earned reputation as theWild West, crypto founders tend to prioritize predictability and clear regulations when shopping for a place to incorporate. That’s why the well-regulated, efficiently governed city-state of Singapore hosts the headquarters or satellites of some of the biggest brands in crypto, including Binance, Coinbase andCrypto.com. But after the spectacular failures of its homegrown darlingsTerraform Labs and Three Arrows Capital plunged the ecosystem into Crypto Winter, Singapore’s crypto community is licking its wounds – and beginning to look to the future.\nSingapore still has a strong reputation: it received the most mentions for best crypto hub in a select CoinDesk survey sent to about three dozen globetrotting crypto professionals this spring. The Red Dot has all the ingredients of a strong crypto hub, with the highest rating in the world for digital infrastructure (as measured by theTufts/Fletcher Digital Evolution Index) and second-highest ranking in the World Bank’sEase of Doing Business index.\nIt is the most competitive fintech hub in the Asia Pacific region, according to the2023 Global Financial Centres Index, edging out Hong Kong, and a regulatory leader for crypto. In 2020, the Monetary Authority of Singapore (MAS) passed the Payment Services License Act. “There were all these companies that were all rushing to Singapore to apply for the license because it was actually the first regulator in the region that had a proper digital-assets licensing framework,” said Pamela Lee, head of APAC sales at Talos, developer of institutional-grade technology for digital-asset trading.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nPrakash Somosundram, founder of Enjinstarter, a blockchain-based crowdfunding platform for early crypto projects, described having had a “front row seat” to the Singaporean crypto scene since 2015. “In the early days, when it came to crypto, from a regulatory perspective, it was very pro. So this is where a lot of crypto influencers moved their capital,” Somosundram said. And with no capital gains tax, “It is an ideal place for the crypto affluent to actually come here.”\nA highly educated workforce and institutional fintech know-how have been a potent mix for Singapore. Among the first initial coin offerings (ICO) were Singaporean startups such as cryptocurrency payment platform TenX, which raised $43 million in just seven minutes in 2017. That year, Singapore even surpassed the U.S. with $1.5 billion versus $1.2 billion in ICO funding, an astounding amount for a locale that is roughly the landmass of New York City, with just two-thirds of the population.\nRead the full storyhere:\nEuropean Central Bank Forum for Central Banking(Portugal)\nPoint Zero Forum(Zurich, Switzerland)\nBlockchance 23(Hamburg, Germany)\nJoe Biden speech on the economy(Chicago)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCircle CEO Expects Bitcoin ETFs to Likely be Approved; Top Crypto Hubs in 2023\nIn a Bloomberg interview, Circle CEO Jeremy Allaire said he expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed. OANDA Senior Market Analyst for The Americas Edward Moya shared his crypto markets analysis as bitcoin (BTC) holds above $30,000. Plus, Wilk Auslander LLP partner Eric Snyder discussed a new report from the FTX team that digs through the financial guts of the failed exchange. And, CoinDesk ranked the top crypto hubs in 2023. MidChains co-founder and CEO Basil Al Askari explains why Abu Dhabi made the list.\nAs Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets:The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.\nFTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg:The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.\nTrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says:The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.\nJack Dorsey Questions Apple\'s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms:The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store.\nFirst Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut:The ETF saw about $500K worth of trades in the first 15 minutes.', "• The Dow snapped its losing streak Tuesday as stocks jumped on strong economic data.\n• Consumer confidence rose to its highest since early 2022, and new home sales grew last month.\n• Durable goods orders also rose and beat expectations, led by transportation.\nThe Dow Jones Industrial Average snapped its losing streak Tuesday as US stocks jumped on strong economic data.\nBlue chips had fallen for six consecutive sessions. But a slew of positive reports pointed to a resilient economy and helped ease concerns of a recession.\nConsumer confidencerose to a level not seen since early 2022, while last month's new home sales jumped to a15-month high. The housing market also benefited from a third month of appreciating home prices.\nMeanwhile,durable goods orders rose by 1.7%, led by transportation, surpassing expectations for a 0.9% decline.\nHere's where US indexes stood as the market closed at 4:00 p.m. on Tuesday:\nS&P 500: 4,378.41, up 1.15%\nDow Jones Industrial Average: 33,926.74, up 0.63% (212.03 points)\nNasdaq Composite:13,555.67, up 1.65%\nHere's what else is going on:\n• Baby boomers will be the economy's saving grace, as they retire and spend their $75 trillion nest egg, according to Ed Yardeni.\n• Overall rents fell last month, butsurged 4.5% in the Midwestas interest in the region grows.\n• Ukraine debt is becoming aleading emerging-market assetamid Russian setbacks.\n• Legendary investor Seth Klarman is turning towards thereal-estate marketas he braces for an economic slowdown.\n• Office building valuations will plummet35% in the next two yearsand won't regain their prices for decades, economists said.\nIn commodities, bonds, and crypto:\n• Both oil prices fell. TheWest Texas Intermediateunderwent a 2.1% slide, landing at $67.56 per barrel.Brent crude, the international benchmark, dropped 2.33% to $72.47 a barrel.\n• Goldeased 0.5% to $1,924.20 per ounce.\n• The10-year yieldrose 4.5 basis points to 3.764%.\n• Bitcoinrose 1.35% to $30,680.90.\nRead the original article onBusiness Insider", "Getty Images The Dow snapped its losing streak Tuesday as stocks jumped on strong economic data. Consumer confidence rose to its highest since early 2022, and new home sales grew last month. Durable goods orders also rose and beat expectations, led by transportation. The Dow Jones Industrial Average snapped its losing streak Tuesday as US stocks jumped on strong economic data. Blue chips had fallen for six consecutive sessions. But a slew of positive reports pointed to a resilient economy and helped ease concerns of a recession. Consumer confidence rose to a level not seen since early 2022, while last month's new home sales jumped to a 15-month high . The housing market also benefited from a third month of appreciating home prices. Meanwhile, durable goods orders rose by 1.7% , led by transportation, surpassing expectations for a 0.9% decline. Here's where US indexes stood as the market closed at 4:00 p.m. on Tuesday: S&P 500 : 4,378.41, up 1.15% Dow Jones Industrial Average : 33,926.74, up 0.63% (212.03 points) Nasdaq Composite : 13,555.67, up 1.65% Here's what else is going on: Baby boomers will be the economy's saving grace , as they retire and spend their $75 trillion nest egg, according to Ed Yardeni. Overall rents fell last month, but surged 4.5% in the Midwest as interest in the region grows. Ukraine debt is becoming a leading emerging-market asset amid Russian setbacks. Legendary investor Seth Klarman is turning towards the real-estate market as he braces for an economic slowdown. Office building valuations will plummet 35% in the next two years and won't regain their prices for decades, economists said. In commodities, bonds, and crypto: Both oil prices fell. The West Texas Intermediate underwent a 2.1% slide, landing at $67.56 per barrel. Brent crude , the international benchmark, dropped 2.33% to $72.47 a barrel. Gold eased 0.5% to $1,924.20 per ounce. The 10-year yield rose 4.5 basis points to 3.764%. Bitcoin rose 1.35% to $30,680.90. Read the original article on Business Insider", 'The dollar-pegged stablecoin TrueUSD (TUSD) is trading at a discount relative to its compatriot tether (USDT) onBinance.US, the U.S. subsidiary of Binance.\nAt press time, the TUSD/USDT pair traded at 89 cents onBinance.US, having hit a low of 80 cents on Wednesday, data from charting platform TradingView show. On Binance, the pair traded at around $0.9980.\nVolatility in stablecoins, which have evolved as funding currencies over the past three years, often feeds into the broader market. So far, TUSD\'s volatility has not impacted the b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $591,449,414,062 - Hash Rate: 280545974.4417444 - Transaction Count: 331278.0 - Unique Addresses: 627350.0 Social & AI Sentiment: - Fear & Greed Index: 0.62 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: As we approach the halfway mark for 2023, the year has been difficult to characterize for both equities and digital assets. Ongoing debates about the macroeconomic picture, both at home and internationally, have analysts wondering when the next shoe will drop. In March, when I wrote about theU.S. banking crisis, digital assets were rallying to annual highs, touted as a safe-haven asset and hedge against financial Armageddon. Since then, almost any meaningful headline has been shrugged off as unimportant. In the face of bank instability, the ongoing war between Russia and Ukraine, a 25-basis-point rate hike in May, a looming global recession and the U.S. debt-ceiling fight (that may or may not be resolved), digital assets (and equities) have seemingly lost interest in all conventional narratives that would normally spark a reaction from investors. In trading terms, both realized and implied volatility have drifted into all-time-low territory. Bitcoin’s (BTC) range over the past two weeks has been reduced to 6.3% with 30-day realized volatility at 42.1 (4th percentile on a one-year lookback) and ether (ETH) stuck in a narrow 7.1% range, with 30-day realized vol at 41.9 (1st percentile over a one-year lookback). You’re readingCrypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.Sign up hereto get it in your inbox every Wednesday. To take advantage of the ever-decreasing volatility in digital assets, traders are pressing short vol bets, wagering that the current conditions will persist, and with major market makers likeJane Street and Jump Capital reportedly slowing their crypto trading, maybe they are right. But can it really be that simple? “Sell volatility in May and go away?” Or are investors ignoring meaningful signals that could push bitcoin and ether out of their recent boundaries? The June 1 debt-ceiling deadline emerged recently as the obvious candidate for a binary volatility event. And for good reason: A default would send shockwaves through markets worldwide. In response to the uncertainty around this, bond markets have been pricing in risks, with 2- and 30-year Treasury yields rising sharply in May. And the U.S. Dollar Index (DXY) has initiated a strong double bottom rally off the 101.0 level. Typically, holding above this level hasn’t been good for bitcoin. A simple look at the chart below gives some perspective on the inverse correlation between bitcoin and DXY. Suffice to say, the recent calm in bitcoin and ether volatility should not lull market participants into a false sense of security. As the winds of macroeconomic change continue to blow, and underappreciated narratives start to play out, we could witness the sharp return of volatility that these assets are known for. If the “higher for longer” narrative continues to play out, expect a sticky dollar index above 101, and ongoing pressure for digital assets as investors navigate these murky waters.... - Reddit Posts (Sample): [['u/RuneW007', 'what altcoin is your "lottery ticket" for the next bullrun?', 75, '2023-06-28 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/', 'This subreddit seems to always give the solid advice of staying with the fundamentals when it comes to investing in cryptocurrencies, particularly Bitcoin and Ethereum. And I mostly listen to this advice but I have bought myself some "lottery ticket" altcoins that i\'m betting on for the next bullrun.\n\nI\'m looking at Holo and Hbar as my 2 tickets in the lottery, these coins had a great last bullrun and i\'m really confident in what these projects have to offer. Hbar is the coin with the most hype between the 2 but Holo is a fairly unknown coin that I really see having a great future. This is only a small percentage of my funds, so i\'m still being responsible. The other amount of my funds is going straight to Bitcoin and a bit of Eth.\n\nWho knows, maybe in 5 years from now, I will be driving in a lambo with license plate "Holo".', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/', '14ks8ey', [['u/Odlavso', 77, '2023-06-28 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jps9orh/', '> this subreddit seems to always give solid advice. \n \nYou might have posted this in the wrong sub', '14ks8ey'], ['u/Elegant_Tale_3929', 29, '2023-06-28 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jps9roj/', 'XRP and Atom', '14ks8ey'], ['u/meeleen223', 17, '2023-06-28 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jps9yo8/', "Moons, \n\nMoons only need like $100m mcap for $1 and $1b thats 1/6 of Safemoon's ath mcap and 1/6 of Shib bear market mcap for $10\n\nWith banner renting in bullrun being highly sought, amas burning, new proposals incoming for more burns, future big exchanges listings, number of Moons distributed to users dropping by 2.5% each round making Moons harder to earn and scarcer, we went from 1.6m moons distributed at peek of last bullrun to 980k now\n\nOnce stories get out of people making big $ all from posting on reddit, media hype that will snowball into waves of people joining the sub making Moons viral, we've seen power of reddit and subs like wsb go viral\n\nWe've also seen shittiest of coins go x10 in a bullrun and Moons have real potential", '14ks8ey'], ['u/Ashman3842278', 65, '2023-06-28 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsadat/', 'Loopring / Matic', '14ks8ey'], ['u/Ill-Sandwich-7703', 10, '2023-06-28 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsb1gi/', 'LRC. I still believe.', '14ks8ey'], ['u/JuanCruz1994', 31, '2023-06-28 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsbd9l/', 'Link', '14ks8ey'], ['u/Onnimation', 36, '2023-06-28 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsbqr4/', "Don't sleep on ADA", '14ks8ey'], ['u/risingcrow1o1', 102, '2023-06-28 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsc0k0/', 'Ya boy too old for this, I’m holding ETH', '14ks8ey'], ['u/Calm-Cartographer677', 31, '2023-06-28 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsc2aw/', 'Shill your altcoins lads.', '14ks8ey'], ['u/liveaskings', 29, '2023-06-28 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsc8rp/', "I literally lol'd when I read that part", '14ks8ey'], ['u/falk_lhoste', 12, '2023-06-28 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpscb5e/', "I'm still tired of my lottery ticket from the last bull: Algorand. \n\nGotta stay away from lottery tickets and play it more conservative this round.", '14ks8ey'], ['u/poptippp', 10, '2023-06-28 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpscot8/', 'I feel ya.', '14ks8ey'], ['u/_thewoodsiestoak_', 10, '2023-06-28 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsdmyt/', 'My man.', '14ks8ey'], ['u/LocksmithAware4210', 21, '2023-06-28 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsec31/', 'The fact that everyone is hating it makes me like it', '14ks8ey'], ['u/Popular_Worry_9294', 28, '2023-06-28 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsenac/', 'ADA is sleeping on us', '14ks8ey'], ['u/Extremecheez', 10, '2023-06-28 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsew7j/', 'Hbar is an easy choice. Good for you', '14ks8ey'], ['u/RupertSamborski', 16, '2023-06-28 01:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsf558/', 'ERG', '14ks8ey'], ['u/Just_Delete_PA', 14, '2023-06-28 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsfmnz/', "Ergo, and I honestly don't care what the price does at this point because in using it for a gaming project.", '14ks8ey'], ['u/RariCalamari', 15, '2023-06-28 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsg171/', "Who on earth would pay $10 for something that can be gotten by posting low eefort comments?\n\nSounds like there would be not much buyers and a LOT of sellers. \n\nLets hope for the best but I know I'm selling way before $10.", '14ks8ey'], ['u/TruthSeeekeer', 18, '2023-06-28 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsg610/', 'Feels like these were the lottery tickets for the last bull run, not so sure moving forward but I’ve been known to be wrong', '14ks8ey'], ['u/meeleen223', 31, '2023-06-28 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsg8wn/', 'LRC to $10 redemption arc, I believe', '14ks8ey'], ['u/allstater2007', 13, '2023-06-28 01:50', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpshblm/', '![gif](giphy\|NVBR6cLvUjV9C)\n\nLove my stinky linkies', '14ks8ey'], ['u/dunder_miflinfinity9', 15, '2023-06-28 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsi9ak/', 'You\'re not wrong. A "lotto ticket" isn\'t anything that\'d be in the top 25, or really anywhere in the top 100.', '14ks8ey'], ['u/Odysseus_Lannister', 11, '2023-06-28 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsiasg/', 'I’m hoping for the MATiC train to really take off', '14ks8ey'], ['u/Odysseus_Lannister', 11, '2023-06-28 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsicmg/', 'Fellow Link marine reporting for duty. \n\nMy linkies will forever stay stinky', '14ks8ey'], ['u/Lillica_Golden_SHIB', 14, '2023-06-28 02:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsjq3o/', 'Fast, low fees, 100% uptime and halving. We just need some /cc hate to make it boom like crazy.', '14ks8ey'], ['u/vinmansinvested', 15, '2023-06-28 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpslblj/', 'QNT', '14ks8ey'], ['u/sluttyseinfeld', 15, '2023-06-28 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpslcvd/', 'You’re correct. It’s pretty wild how on a sub about cryptocurrencies it seems like not one person has bothered to research any new altcoins. Just went through this whole thread and it’s all shitcoins from the past 2 cycles top to bottom 😂', '14ks8ey'], ['u/kundaliniredneck', 21, '2023-06-28 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsmzr7/', 'I’m still the same broke ass MF with the same car and the same shitty job except now I’m down $20,000 in ADA….', '14ks8ey'], ['u/Newone1255', 20, '2023-06-28 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsoi5v/', 'Been holding just Eth since 2017 and it’s done very well for me. During the last bull run when people came out the woodwork to ask what to buy id always say eth but everyone was looking for “the next eth” or saying “it’s to pricey im going to get a cheaper coin” when eth was hovering around $500. I can always tell when everything is going to be a bear soon because random ass people from my life 10 years ago come out asking for advice on crypto. Happened in late 2017 and happened again mid 2021.', '14ks8ey'], ['u/Dry_Department1792', 11, '2023-06-28 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14ks8ey/what_altcoin_is_your_lottery_ticket_for_the_next/jpsorhi/', 'Bitcoin Cash.', '14ks8ey']]], ['u/VincenzoZen', 'Can’t stop accumulating sats', 24, '2023-06-28 00:53', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/', 'Need help here :) \n\nI can’t stop accumulating sats!\nI set my self goal but once I reached them I do set new and big ones, so it never end.\n\nSometimes I think: and if everything goes ”banana” I lost basically all my money.\n\nEven though I’m ready to lose it all for something that I believe in it. \n\nWhat’s your goal? How many Btc or Sats do you want to accumulate ?\n\nDid u stop after reaching the goal??', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/', '14ksahw', [['u/onebtcisonebtc', 15, '2023-06-28 01:17', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/jpscspq/', 'I always double my goal... Not the good person to give an advice.', '14ksahw'], ['u/Boogyin1979', 16, '2023-06-28 03:21', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/jpstg82/', 'One of the guys on my SLT gets a massive per diem when he is on the road for work. Instead of hotels and meals he goes off grid and camps outside of whatever city he is in so he can use the dough for SATs. He can’t stop either haha.', '14ksahw'], ['u/pips_and_hoes', 16, '2023-06-28 03:23', 'https://www.reddit.com/r/Bitcoin/comments/14ksahw/cant_stop_accumulating_sats/jpstmvb/', 'Is it just me or more people are calling it sats', '14ksahw']]], ['u/Suspicious-Local-901', 'We’re still so early', 191, '2023-06-28 01:03', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/', 'Today I was overhearing a conversation between two colleagues about investing and stuff. Or finding treasures inside your house, like artwork or anything.\n\nAnyhow, they were talking about investing in the pharma industry, before covid and getting tons of gains from that.\n\nUntil one guy said: The one thing I still find amazing, even to this day, that some guys bought bitcoin before it exploded. The other one continued and said: Yeah I also know a guy who bought, but he was too stupid to sell.\n\nAnother guy picked in on the convo and said (I kid you not): yeah, too bad Bitcoin went bankrupt.\n\n\nBoy, we are still sooo early.', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/', '14ksj6y', [['u/imjustheretolurk12', 94, '2023-06-28 01:43', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsgb5i/', 'It makes me sad none of my friends, coworkers, wife, family have any BTC. They all know about it. Some think it\'s a great idea. But none own any. I wish I had an IRL friend to learn more about it with. They one thing they all know is "didn\'t it crash from like 60K?"', '14ksj6y'], ['u/adigabusymind', 57, '2023-06-28 02:32', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsmye2/', 'I Orange pilled my wife. She now has more Bitcoin than my self. Lol funny how life works.', '14ksj6y'], ['u/Boogyin1979', 27, '2023-06-28 03:37', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsvhae/', 'Me too. It was actually having something in common with my son that got me into BTC. We’ve now got the whole family.', '14ksj6y'], ['u/laughncow', 27, '2023-06-28 03:42', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpsw2jd/', 'Man I thought I was late in 2013 😂', '14ksj6y'], ['u/ReadBeered', 22, '2023-06-28 04:08', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpszc1f/', 'I bought 7.5 BTC at around $800 each and sold them for a loss thinking it would never get back to $1000. Haha', '14ksj6y'], ['u/ReadBeered', 14, '2023-06-28 04:34', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt2p45/', 'Oh well, live and learn. Now I stack and DCA on my way back to whole coin status one of these days with plans to leave it in my will decades from now.', '14ksj6y'], ['u/baras21', 17, '2023-06-28 04:38', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt34qn/', 'Well, most people know about the stock market and gold and never invest. People don’t really understand bitcoin and think it’s gone which is not true', '14ksj6y'], ['u/Funkycold6', 19, '2023-06-28 04:59', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt5plc/', "I have told all my friends and family members since 2016. Only one family member got in. That was two years ago and we text almost 24/7 because of it. Other then that i stopped telling friends and family and don't care anymore if they miss the boat", '14ksj6y'], ['u/Funkycold6', 11, '2023-06-28 05:01', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt5y1o/', " Buddy at work thinks it's a scam and was created with silk road. We work in high positions in the IT field. So early", '14ksj6y'], ['u/Im_Bitman', 12, '2023-06-28 05:02', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt63q9/', '10gs for .1? Math doesn’t add up for me.', '14ksj6y'], ['u/DatBuridansAss', 10, '2023-06-28 05:03', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpt66mv/', 'I remember reading versions of this exact comment back in 2013. "I only have like 5btc, not enough to be life changing." Stay humble and keep stacking. Never know what a few million sats will be worth in a decade or two.', '14ksj6y'], ['u/tax-this-dick', 23, '2023-06-28 06:23', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jptf0jl/', 'Dad?', '14ksj6y'], ['u/shpeucher', 10, '2023-06-28 06:40', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jptgqvq/', 'It’s the hardest money ever created and so multi dimensional. One day when it becomes a global unit of account, you’ll earn BTC directly instead of earning fiat and then buying it like it’s a stock or other investment. \n\nThis is what I’ll never understand when people say it can’t be a currency because “why would I ever use it if it changes price”. Well, for the same reason you use dollars to buy goods instead of using those same dollars to buy investments. Bitcoin just removes the separation between money and investment by making it serve both functions', '14ksj6y'], ['u/LegHam2021', 14, '2023-06-28 06:55', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpti7x0/', 'I got interested in 2017. Lost half a btc in the quadregaQx scandal. Decided that it was time to put my big boy pants on and start DCA ing in 2021. Almost got 0.1 btc now', '14ksj6y'], ['u/Rattlesnake_Mullet', 27, '2023-06-28 10:10', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpty1j8/', "Hodl her. She's a keeper.", '14ksj6y'], ['u/Boogyin1979', 23, '2023-06-28 11:33', 'https://www.reddit.com/r/Bitcoin/comments/14ksj6y/were_still_so_early/jpu3zc2/', 'Go to bed, son.', '14ksj6y']]], ['u/ticklemypicklesir', 'Does any one else get worried when the price of Bitcoin rises?', 216, '2023-06-28 02:42', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/', 'I know the title seems weird as most people love when the price goes up since their investment is now worth more. But for me I get worried that I’m going to be priced out of ever being a whole coiner. I’m still in my early 20s and just started making decent money last year and have been DCAing all I can over the past year or so. The problem is the cost of living is so expensive that even with a decent income I don’t have a ton of money to throw into Bitcoin and I hate seeing the price rise as it makes it harder and harder to achieve becoming a whole coiner. Does anyone else feel this way when the price of Bitcoin rises?', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/', '14kuu2n', [['u/buybitcoinin2023', 13, '2023-06-28 02:56', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsq2u5/', "I'm furious because I took some profits so I can pay off my credit card balance and boom it goes up again today. It's ridiculous. Lost out on a 100 dollar gain. It takes me a whole day of work to make 100.", '14kuu2n'], ['u/Krapule10', 194, '2023-06-28 03:06', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsrg5o/', 'Yes cause i dont own enough', '14kuu2n'], ['u/konokonohamaru', 32, '2023-06-28 03:22', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsthqi/', "Don't worry about it. You paid off some credit card debt, that's a success. Just stay humble and stack sats", '14kuu2n'], ['u/AffectionateRadio886', 89, '2023-06-28 03:24', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsttx2/', 'Bitcoin will be an interesting psychological study in the future. A truly scarce and fixed asset is quite intriguing against the human mind and how people race to it. Idk much about the gold rush but seems like something similar could happen at some point in time', '14kuu2n'], ['u/Existing_Web_1300', 13, '2023-06-28 03:29', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsuhkb/', 'I’ve come to accept that I will probably not be a whole coiner. Unless I completely become a shut in and just focus my entire income to essentials and crypto. I’m a huge fan of the space but I’m not comfortable putting in 25-30k into just bitcoin and sacrificing my entire life to do so on top of that. I have a set amount I want to own before the next big run. Unless we have a massive drop off, owning a full coin just isn’t in the cards and I’m okay with that.', '14kuu2n'], ['u/rawrvitar', 29, '2023-06-28 03:35', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsv87m/', 'Stresses me out. And it always seems to pump just before payday too', '14kuu2n'], ['u/Super_Lawyer_2652', 15, '2023-06-28 03:49', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsww5w/', 'I personally don’t want it rise for another 5 years', '14kuu2n'], ['u/road22', 63, '2023-06-28 04:00', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpsydjf/', 'I remember 2016, when BTC was $500/coin. The phrase "whole coiner" did not exist.\n\nSo in 2030, the new normal will be satoshi millionaire. .01 will be almost unattainable.', '14kuu2n'], ['u/NewHorizons6M', 34, '2023-06-28 04:14', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt05ch/', "I didn't know about Bitcoin until 2019. I bought BTC as low as $7k and as high as $50k. I missed the $3k prices in 2020. Overall, I'm up over 100%\n\nGet a piece of BTC now. Use that as your reference. 0.1 BTC will cost you about $3,000.", '14kuu2n'], ['u/NewHorizons6M', 11, '2023-06-28 04:19', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt0s9e/', 'Bottom line, you took profits. There will always be more opportunities.', '14kuu2n'], ['u/FoolishFox84', 20, '2023-06-28 04:21', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt0zqs/', 'Let’s say that by 2030, one bitcoin is $500,000. \n\n$5,000 will be unattainable?', '14kuu2n'], ['u/SecretPrimary7181', 16, '2023-06-28 04:28', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt1xar/', 'No. Because I remind myself thst bitcoin isn’t just to get rich but to keep my wealth no matter the price', '14kuu2n'], ['u/Bongressman', 85, '2023-06-28 04:30', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt25ab/', 'To most of the planet, $5,000 USD is already unattainable.', '14kuu2n'], ['u/pdath', 15, '2023-06-28 04:38', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt35sl/', 'I used to want to be a whole-coiner. Now my goal is to be a half-coiner.\n\nThe new "coiner" is the "half coiner".', '14kuu2n'], ['u/jrafelson', 60, '2023-06-28 05:16', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt7oq5/', 'You never own enough.', '14kuu2n'], ['u/Calm-Limit-37', 19, '2023-06-28 05:28', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt92wr/', 'There it is', '14kuu2n'], ['u/Some_Iteration', 16, '2023-06-28 05:32', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpt9hl8/', 'Very possible, and it could happen within a much shorter time span in the gold rush did.', '14kuu2n'], ['u/ThyC0BRA', 35, '2023-06-28 05:40', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptadyf/', 'The folks that actually got rich during the gold rush sold shovels, picks, pans and lumber… infrastructure. ⚡️', '14kuu2n'], ['u/SnooRevelations3802', 13, '2023-06-28 06:21', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptets9/', 'As a current "quarter coiner" i like the idea of being a "half coiner "', '14kuu2n'], ['u/nifty_mick', 14, '2023-06-28 07:13', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptjvdt/', 'feel same way man. been thinking of just doing a "Bitcoin blitz" for 1 or 2 months. so that\'s me committing 80% of each paycheck and living below the poverty line being a hermit, staying inside each weekend', '14kuu2n'], ['u/NewHorizons6M', 15, '2023-06-28 08:40', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptracq/', 'Yes, I only accumulated. I trade the BTC proxies to increase my cash position.\n\nI will consider selling some BTC in 2025 and wait for the correction. Then I accumulate, while waiting for the 2028 halvening.\n\nHopefully, my strategy will work.', '14kuu2n'], ['u/Comfortable-Cow-1873', 19, '2023-06-28 08:49', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptryzp/', 'As a current person with no money, I enjoy the concept of having some.', '14kuu2n'], ['u/GiverTakerMaker', 13, '2023-06-28 08:55', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptsg1u/', "I'm sure the WEF will let you eat bugs nice and cheap.", '14kuu2n'], ['u/OppressorOppressed', 11, '2023-06-28 09:49', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jptwhye/', '1 btc would be nice', '14kuu2n'], ['u/RequirementOpen6463', 11, '2023-06-28 10:11', 'https://www.reddit.com/r/Bitcoin/comments/14kuu2n/does_any_one_else_get_worried_when_the_price_of/jpty32e/', 'When you get to 1 BTC you’ll definitely still think it’s too little of it', '14kuu2n']]], ['u/No_Yam_4026', 'Is it illegal to receive Zelle payments from different inmates’ family members and convert it to bitcoin and send it to someone else’s bitcoin wallet address so they can receive payment?', 66, '2023-06-28 04:00', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/', 'My U.S. bank account recently got frozen due suspicious digital fraudulent activity. I believe that is the reason why. I receive money from different inmates family members thru zelle. In another account different bank where I had sufficient amount from the amounts i will receive. I later convert them into bitcoin and send to someone’s bitcoin wallet. So no transactions from the account I was receiving payments shows I converted or withdraw anything. Is it illegal to do this ? Should I tell my bank about it or would the close me down', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/', '14kwiey', [['u/SeriousMonkey2019', 45, '2023-06-28 04:08', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpszeu7/', 'Sounds like money laundering which is in fact illegal.', '14kwiey'], ['u/gentlecucumber', 21, '2023-06-28 04:08', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpszfng/', "Ask this in r/legaladvice, I'm also curious and that's where we'll get an answer", '14kwiey'], ['u/feshak20', 57, '2023-06-28 04:59', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt5myu/', "Not a lawyer, am a CPA, in your minimal fact pattern I don't think anything would be illegal. You can receive money, convert currency, and disburse money however you'd like. \n\nThat said, there's almost zero practical reason to do what you're doing, and especially when you involve crypto it feels like you're trying to hide something. It's very suspicious behavior and honestly I can't imagine a rational explanation that would satisfy your bank.", '14kwiey'], ['u/darral27', 240, '2023-06-28 05:12', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt76po/', 'This is not commissary payments. Inmates are being intimidated and their families are being extorted. You are playing the middleman between the families being extorted and the gang leader. Hopefully one or more of the families have reported this and they have traced the payments to you. Extortion and blackmail are absolutely illegal.', '14kwiey'], ['u/feshak20', 21, '2023-06-28 05:12', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt79ad/', "Sorry I don't think I understand what you're doing. Your original post and this comment sound different. Do you receive money into this account which you then convert to crypto?\n\nThey wouldn't have a way to know what you did with the crypto, but the pooling of random deposits and a transfer to a crypto wallet would look suspicious enough.", '14kwiey'], ['u/Inquisitive_Imp', 33, '2023-06-28 05:21', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt899f/', 'r/excon here, while not illegal, prisons do not allow prison money transfer, between inmates or back out into the world really for that matter. But if that money is tracked back to illegal activity, yeah, u are money laundering bro. Fuck, r/legaladvice. Get A Lawyer.', '14kwiey'], ['u/menewredditaccount', 14, '2023-06-28 05:29', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt96c6/', 'Took the meaning of prison wallet to a whole different dimension 🤯', '14kwiey'], ['u/spookyluke246', 75, '2023-06-28 05:29', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpt97m1/', 'This is it right here. that commissary story is baloney.', '14kwiey'], ['u/Thesonomakid', 11, '2023-06-28 05:48', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptba72/', 'Ever heard of a [Money Mule?](https://www.fbi.gov/how-we-can-help-you/safety-resources/scams-and-safety/common-scams-and-crimes/money-mules)', '14kwiey'], ['u/Thesonomakid', 31, '2023-06-28 05:50', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptbj97/', 'Sounds like it could be a [money mule](https://www.fbi.gov/how-we-can-help-you/safety-resources/scams-and-safety/common-scams-and-crimes/money-mules) situation which prosecuted as money laundering.', '14kwiey'], ['u/Better_Than_Nothing', 20, '2023-06-28 06:44', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpth3ep/', 'Best case scenario: the feds have been building a case on you for months and will take mercy on your stupidity in exchange for cooperation.\n\nWorst case scenario: the people you owe that money to know where you live.', '14kwiey'], ['u/nebuchadnezzar72', 373, '2023-06-28 07:17', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptk94d/', 'Friend, this sub is not for getting legal advice, it’s about hiding things in your asshole.', '14kwiey'], ['u/highzunburg', 74, '2023-06-28 07:42', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptmh8u/', 'Finally someone said it.', '14kwiey'], ['u/phillyFart', 26, '2023-06-28 08:06', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jptoh2z/', 'Individual intentionally keeps 2 separate banks accounts. Receives deposits from convicts in account 1. Uses funds in account 2 to convert the convict deposits into crypto to send to a third party.\n\nPretty clear', '14kwiey'], ['u/Walleky', 51, '2023-06-28 11:19', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpu2yny/', "This guy is totally doing something illigal. Like he's deliberately being sketchy and avoiding details in his replies. Have fun with more prison.", '14kwiey'], ['u/1Litwiller', 36, '2023-06-28 12:25', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpu7zao/', 'If they are lucky they are laundering money from intimidation and blackmail. Potentially, they are laundering money from drug sales and will be charged with the other participants when the investigation completes.', '14kwiey'], ['u/bennytehcat', 11, '2023-06-28 14:18', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpuixzc/', "An investigator doesn't care if you have 1 account or 100. They're all trackable. Just because you used two accounts doesn't make it sneaky when they have the logs for everything through subpoena.\n\nAgain, this is for hiding things in your asshole. Go ask in legal advice or ELI5, because you're falling to grasp this.", '14kwiey'], ['u/phillyFart', 12, '2023-06-28 23:29', 'https://www.reddit.com/r/Prisonwallet/comments/14kwiey/is_it_illegal_to_receive_zelle_payments_from/jpwu379/', 'Yes, however most people aren’t receiving odd deposits from individuals who are associated with felons and also converting similar amounts and sending to an oddly unnamed third party via crypto', '14kwiey']]], ['u/TheteslaFanva', '2x Bitcoin etf BITX just dropped', 19, '2023-06-28 04:51', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/', 'Which one of you is crazy enough to get in on this action alongside UPRO/TMF etc?? \nVolatility 100% + i think. A wild ride for sure. Personally if we ever get a GDE / NTSX type of crypto + traditional return stacked product, would be much more appealing.', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/', '14kxmps', [['u/Redditridder', 15, '2023-06-28 06:09', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/jptdmj7/', 'Bitcoin volatility will kill it. You will probably get much better returns with Bitcoin miners (MARA RIOT) or Microstrategy (MSTR) during the next bull run.', '14kxmps'], ['u/cmon_do_it', 13, '2023-06-28 06:30', 'https://www.reddit.com/r/LETFs/comments/14kxmps/2x_bitcoin_etf_bitx_just_dropped/jptfrkz/', "They allow this but won't allow new 3x ETFs, ffs.", '14kxmps']]], ['u/WooDance8799', 'The reason Bitcoin Cash (BCH) is up more than 100%', 28, '2023-06-28 05:44', 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/', "Bitcoin Cash's dizzying rise began on June 21, exactly when EDX Markets (EDXM), a Wall Street-backed cryptocurrency exchange, went live.\n\nAccording to crypto market intelligence platform Santiment, BCH is the biggest beneficiary of listing on EDXM compared to other coins of the platform, including BTC, Ether (ETH) and Litecoin (LTC). . “Notably, BCH saw its highest rate of social discussion in 3 years and volume easily surpassed the 2023 high,” Santiment tweeted on Friday.\n\n*LEGAL STATUS OF BITCOIN CASH\n\nThe approval of Bitcoin Cash by an exchange backed by Wall Street players can be seen as tacit approval of the coin's safe regulatory status relative to other altcoins.\n\nSEC Chairman Gary Gensler explained that he considers Bitcoin a unique commodity because of its “unique creation story and history.” Bitcoin Cash is a fork of Bitcoin so BCH is considered by the SEC as a commodity for exchange\n\nWhat is everyone's plan with BCH? Sell \u200b\u200bor buy more? Currently in my portfolio 40% is BCH and 60% is RBIF. If BCH drops in price, I will buy more \n ", 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/', '14kypij', [['u/hero462', 18, '2023-06-28 07:08', 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/jptjend/', 'BCH can be both. There really is nothing special about BTC if BCH gains traction and eventually flips it.', '14kypij'], ['u/hero462', 16, '2023-06-28 07:10', 'https://www.reddit.com/r/Bitcoincash/comments/14kypij/the_reason_bitcoin_cash_bch_is_up_more_than_100/jptjkrx/', "Spend and replace and accumulate more. It's still a great deal.", '14kypij']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, June 28, 2023', 33, '2023-06-28 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/', '14kz0w7', [['u/hajoeojah', 17, '2023-06-28 09:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptucwo/', 'What happens if everything happens as it always happened:\n\nhttps://www.tradingview.com/x/L5Kvz0Eo', '14kz0w7'], ['u/hajoeojah', 12, '2023-06-28 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptwkmj/', 'That‘s the reason that there has to be a powerful disbelief phase.', '14kz0w7'], ['u/ThorsBodyDouble', 14, '2023-06-28 10:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptys5u/', 'Ha! I remember seeing charts like that during the last run. "Oh yes, look at the charts, we\'re going to 100k, don\'t sell! Yeah, buy this dip, and that dip, and that dip, we\'re going to the moon! 🚀" 🙄', '14kz0w7'], ['u/NLNico', 10, '2023-06-28 10:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jptysc4/', "Some short-term scenarios based on what I am [looking at](https://s3.tradingview.com/snapshots/o/osPSpCnx.png):\n\n- We could actually bounce here as it's around golden pocket of the initial 30k > 31.4k fibs. But I don't think the momentum is there.\n- Bounce around 29.8k, I got some short close orders there. As we tested 29.9k twice now, likely to have some long stops there. But could dip further.\n- 29.5k previous local bottom, maybe little sweep to 29.4k (but shouldn't close below there.) I will close all of short there. Might long if on shorter timeframe bull div or something appears.\n\nSo far, it went as I anticipated [last Friday](https://www.reddit.com/r/BitcoinMarkets/comments/14go8ch/daily_discussion_friday_june_23_2023/jp6zexc/) (before the higher high), just don't hope we actually go back to 28k though.. would be too much crab.", '14kz0w7'], ['u/Yodel_And_Hodl_Mode', 30, '2023-06-28 12:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpu7y3t/', 'He\'s not a serious presidential candidate. I doubt he could even get 2% of the vote.\n\nIt\'s good that he is a supporter of Bitcoin, but he\'s still a clown. If his last name wasn\'t Kennedy, no one would even know who he is.\n\n"Presidential Candidate" means nothing. Joe Exotic was a Presidential Candidate.', '14kz0w7'], ['u/bittabet', 11, '2023-06-28 13:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpuc9ng/', "His polling suggests that he'd get a lot more than 2%. But his absolutely horrible takes on interpreting scientific data make it really hard to promote this guy. I tried to look into his claims and he makes a lot of claims about having all this evidence but the stuff he claims to be evidence is nonsensical. Most voters wouldn't know that though so I don't think that necessarily dooms him politically.\n\nI hope we end up with more pro-Bitcoin candidates to choose from over time", '14kz0w7'], ['u/ImpudicusFungus', 16, '2023-06-28 14:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpui4l2/', '[So now we know where the last pump came from... ](https://twitter.com/saylor/status/1674025857063571456)', '14kz0w7'], ['u/xixi2', 15, '2023-06-28 14:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpuk1f6/', "A president's stance on vaccines doesn't matter to me as long as he's not threatening everyone's jobs over them", '14kz0w7'], ['u/snek-jazz', 12, '2023-06-28 15:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpupuy4/', 'not surprising, love to see them continuing to lower their average price.', '14kz0w7'], ['u/Cadenca', 14, '2023-06-28 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpuqhvw/', 'How did Saylor finance his latest purchase? Stock dilution?', '14kz0w7'], ['u/BootyPoppinPanda', 28, '2023-06-28 16:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpv1ulz/', 'Satoshi and Wardser', '14kz0w7'], ['u/jpdoctor', 21, '2023-06-28 16:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpv353j/', 'Yes, dilution:\n\n>The company, seen by some equity investors as a proxy for the token, has funded its Bitcoin purchases in part by selling shares. As of June 27, 2023, MicroStrategy had issued and sold shares that resulted in net proceeds of approximately $333.7 million. In May, the company said it may issue and sell shares of its class A common stock, having an aggregate offering price of up to $625.0 million, according to the filing.\n\nFrom [here](https://finance.yahoo.com/news/microstrategy-saylor-makes-largest-bitcoin-141901713.html).', '14kz0w7'], ['u/imissusenet', 15, '2023-06-28 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpv8jsz/', '>Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray\'s case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper\'s full of them. \n> \n>In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know. \n> \n>\\- Michael Crichton', '14kz0w7'], ['u/jpdoctor', 15, '2023-06-28 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpvdmfg/', ">I can´t help myself but Saylor is FOMOer. Where has he been at $17-18k?\n\nI think you have that exactly backwards: Saylor is not using his own money, so he's taking advantage of market FOMO to exchange fiat (in the form of stock or convertible debt) for bitcoin.\n\nI envy the guy. It's like having a FICO score in the millions.", '14kz0w7'], ['u/Essexal', 13, '2023-06-28 18:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpvhaev/', 'The Winklevii had about the same back in the day. They may have added or sold since.', '14kz0w7'], ['u/NLNico', 10, '2023-06-28 18:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpvik51/', 'Based on https://bitcointreasuries.net and https://bitcointreasuries.org supposedly Block.one that invested it in "Bullish Global"? IDK, seems weird, pretty sure MSTR is the biggest, yes. Not counting GBTC\'s 626k coins either.', '14kz0w7'], ['u/BootyPoppinPanda', 11, '2023-06-28 23:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpwqu8p/', "Bitcoin having a red day, but most of the alts are having a terrible day. Bitcoin dominance keeps climbing, but still lower than it was at the same point of last cycle. I know it's a pretty flawed metric, and I don't look at it too often, but just looking at the chart, we could run from 52% today to the 70% range. If it did get to that ratio again, I do wonder what the BTC price would be at that point. Crazy BTC run leaving alts in the dust, or BTC holding ground while alts get absolutely pummeled to oblivion?", '14kz0w7'], ['u/Thundercatz69', 10, '2023-06-28 23:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14kz0w7/daily_discussion_wednesday_june_28_2023/jpwvbnw/', '$4.5 billion notional value for strike price of $26k expiring Friday', '14kz0w7']]], ['u/rBitcoinMod', 'Daily Discussion, June 28, 2023', 35, '2023-06-28 08:09', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14k5775/daily_discussion_june_27_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/', '14l1f2y', [['u/tallreagan', 19, '2023-06-28 09:14', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpttwe0/', "All this talk about 'missing the boat'. If you bought Bitcoin and learn about it, your are on the boat. The boat is very long. Also, it's not a boat but an ark. The whole world will flood and you better be on the Ark when it does.", '14l1f2y'], ['u/Prosperity_01', 11, '2023-06-28 11:20', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpu3178/', 'Oh how we laughed at our university lecturer for holding half a coin for his retirement. I’m so sorry Mr Paul, you were right!', '14l1f2y'], ['u/cubeeless', 13, '2023-06-28 13:51', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpufxkq/', 'BTC to $300k!', '14l1f2y'], ['u/whiskeyH0tel', 10, '2023-06-28 16:16', 'https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/jpuy6qu/', 'Staying flat while minting 900 new bitcoins a day is already winning', '14l1f2y']]], ['u/ThePafdy', 'The Lighning Network Argument', 20, '2023-06-28 09:01', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/', 'First of all, I am an outspoken Bitcoin critic for a lot of reasons. \nI recently had an argument about Bitcoin with a Bitcoin Bro over on their sub, and we talked about how abysmal actual L1 Bitcoin transactions are in terms of convenience and scalability. Predictably he brought up the age old excuse of the Lightning Network fixing this.\n\nIn my opinion the LN works perfectly fine, and is a solution to this particular problem of BTC, but it fundamentally undermines the whole idea of a decentralized and trustless currency. \n\nHaving your transactions managed by a 3rd party, off chain is no different from using a bank or company to do this, like PayPal, Visa or any other like them. You need to trust them to do what you want them to do and they are a centralized entity having control over moneyflow.\n\nMy question now, the one where the Bitcoin Bro started to insult me and at some point didn‘t answer at all anymore:\nIs there a mechanism that ensures the user that „the LN“ (or anybody having dev access to it) doesn‘t steal the senders money when doing a transaction, by performing a man in the middle attack on itself for example?', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/', '14l2bog', [['u/Potential-Coat-7233', 55, '2023-06-28 09:22', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/jptuhng/', 'Firstly:\n\n> In my opinion the LN works perfectly fine, and is a solution to this particular problem of BTC\n\nThis is incorrect. The layer 1 STILL is a choke point because mathematically you can only have 221 million transactions per year on layer 1. For lightning to work, it needs 1 transaction to open a channel (and 1 to close it, if the bro even cares about settlement).\n\nSo if layer 1 worked at peak performance for an entire year and every single transaction was devoted only to the lightning network, only 221 million lightning channels could be opened. You also need a layer 1 transaction to add funds to lightning. And again, you need a transaction to close a lightning channel.\n\nYou could see a situation where people have lightning channels open for a year or more, because closing it would take potentially months unless you want to pay hundreds of dollars (this scenario won’t happen because hyperbitcoinization won’t happen…but it would be the state of affairs if it did happen).\n\nNow, having said all that, your question about 3rd party behavior is totally on point. LN introduces trust, trust of the other party not to close a channel with you early and broadcast a false escrow amount. Because crypto is hilarious, they came up with a solution which sounds straight out of jehoviahs witness lore: “the watchtower”. This essentially gives you 2 weeks to dispute the channel closing.\n\nThere’s also permission, because node operators can ban people from their node (bad actors).\n\nThe whole thing is really, really funny. And we should at some level appreciate these dorks for their imagination and moxie.', '14l2bog'], ['u/Bullywug', 17, '2023-06-28 09:33', 'https://www.reddit.com/r/Buttcoin/comments/14l2bog/the_lighning_network_argument/jptvaib/', "Lightning Network has proposed the most difficult routing problem in history: how do you route over an untrusted network when each node is given an incentive to lie?\n\nThey hand wave this problem away as trivial, but until it's done, it requires the user to choose a path for their transaction by knowing the state of the network. ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin dips regains $30K after dipping Wednesday afternoon.\nInsights:Seoul\'s grassroots embrace of crypto and a favorable regulatory environment have helped the city become one of the world\'s leading blockchain hubs.\nCoinDesk Market Index (CMI)\n1,215\n−26.9▼2.2%\nBitcoin (BTC)\n$30,103\n−424.4▼1.4%\nEthereum (ETH)\n$1,830\n−45.4▼2.4%\nS&P 500\n4,376.86\n−1.6▼0.0%\nGold\n$1,916\n+2.4▲0.1%\nNikkei 225\n33,193.99\n+655.7▲2.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,215", "\\u221226.9\\u25bc2.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,103", "\\u2212424.4\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,830", "\\u221245.4\\u25bc2.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,376.86", "\\u22121.6\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,916", "+2.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,193.99", "+655.7\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Rebounds as Investors Remain Upbeat\nBitcoin took a brief turn to the bad, old days below $30,000 early afternoon Wednesday (ET) before righting itself to return to its loftier perch.\nThe largest cryptocurrency was recently trading at about $30,100, down 2.2% over the past 24 hours. After rising to its highest level in a year last week – over $31,300 – following spot bitcoin ETF filings by BlackRock and two other large financial services firms, bitcoin has flattened as investors considered the potential timing of an SEC decision of the ETF applications and continued, inflationary pressure that has weighed on asset markets.\nStill, Mark Connors, head of research for Canadian digital asset manager 3iQ, wrote in a message to CoinDesk that bitcoin has risen 11% for the month, breaking from its more sluggish performance of the last two months amid the more upbeat news.\n"June has been the biggest month since November for digital assets as it relates to news flow," Connors wrote. "Not unusual to see the market take a breather."\nBitcoin Dominance\nConnors also noted that bitcoin dominance has increased to a 26-month high. "It has only grown during this recent market pullback as it outpaces ETH and other Alt coins," he wrote, attributing the drop to more technical factors than a specific cause.\nRead More:Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High\nBitcoin sentiment has turned bullish over the past week with the CoinDesk Bitcoin Indicator climbing into "significant upturn" territory after languishing in downturn areas for weeks. Earlier this week, European digital asset managerCoinShares reportedthe largest single weekly inflows in a year - mostly dominated by bitcoin-related products - afternine consecutive weeksof outflows\n"Look at Coinbase, up today and up 21% over the past 5 days," Connors wrote. "If there were structural reasons for this move lower, COIN would have been hit as well."\nCoinbase closed up more than 1% on Wednesday.\nInvestors will be eyeing bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel a price increase, or send it spiraling in the immediate aftermath.\nEther was changing hands at $1,830, off 2.4% from Tuesday, same time. Other major cryptos were largely in the red with ADA and MATIC, the tokens of smart contracts platforms Cardano and Polygon each recently tumbling more than 6%. TheCoinDesk Market Index, a measure of cypto markets performance, was recently down 2.3%.\nThe tech-heavy Nasdaq Composite continued its recent rally, inching up 0.2%, fueled partly by a record jump in tech device manufacturer Apple\'s share price to nearly $190 and more than 2% increase of Tesla a few days before the electric car maker announces Q2 vehicle deliveries. The S&P 500 was roughly flat and the Dow Jones Industrial Average (DJIA) edged down. The yield on U.S. 10-year Treasurys and safe haven asset gold ticked down.\nBinance, Coinbase Suits "Not Forgotten"\nIn an email, Craig Erlam, senior market analyst for foreign exchange market maker Oanda, struck a wary note about cryptos\' path forward.\n"The SEC lawsuits against Binance and Coinbase have not been forgotten, but they\'ve certainly drifted into the background and been overtaken by far more promising news flow," Erlam wrote. "It would appear the cryptocurrency has good momentum once more and the community may well be wondering if this could be the kind of development that sees enthusiasm for cryptos surge again."\nHe added: "It\'s obviously been a fantastic year for bitcoin so far" but a spring sell-off "was another reminder that it doesn\'t come without major setbacks."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.9%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.3%", "DACS Sector": "Entertainment"}]\nSeoul: Asia’s Retail Crypto Capital Moves on After Do Kwon\nThe capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index. But as the most populous hub in our final 15, it was hurt by a low opportunities score, which is a measurement of per-capita crypto jobs, companies and events. The sparse postings could be due to a cultural or language barrier, however, as we measured activity on Linkedin, Eventbrite andMeetup.com.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nEarlier this year XRP was soaring, and at first it wasn’t entirely clear why. It later became evident that this was just another example of howKorean retail investorshave the power to move global markets. At the time UpBit, Korea’s biggest exchange, led global XRP trading volumes with more than $790 million in tokens traded over 24 hours, overtaking volumes on Binance, the largest exchange in the world.\nThis is just one instance. Korean retail traders are known forpushing upother coins as well – and no, that’s not just smaller altcoins. The Korean won is consistently in the top three national currencies traded against Bitcoin, according toCoinhills.More generally, awareness of and interest in crypto is relatively high. Korea’s Financial Intelligence Unit (FIU)reportedin September that there were nearly seven million registered crypto users in Korea. That’s roughly 14% of the total population.\nIt’s not surprising that such a powerful retail market would help vault Seoul onto a list of global crypto hubs. But Seoul is appealing in plenty of other ways: It’s a fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region. It’s no secret that Asia’s prominence in crypto is on the rise, especially after regulatory crackdowns in the United States.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nMembers of South Korea’s crypto community explained Seoul’s appeal in a few ways. One was an openness to experimentation. Another was Korea’s prowess in gaming. A third was simply its community of “builders.”\n- Emily Parker\nRead the full storyhere:\nBlockchance 23(Hamburg, Germany)\n2:30 p.m. HKT/SGT(6:30 a.m. UTC):Fed Chair Jerome Powell speech\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Consumer Confidence\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Maintains $30K; Hut 8 CEO Addresses State of Crypto Mining Industry\nThe market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk\'s Crypto Hub 2023 rankings.\nCoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance:Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.\nBitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High:Bitcoin\'s market cap composes 52% of the total crypto market, its highest level since April 2021.\nEx-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers:FTX\'s lawyers allege Daniel Friedberg allowed its executives\' criminal activities to fly under the radar for years.\nMastercard is Piloting Tokenized Bank Deposits in New UK Testbed:The company is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.\nEthereum’s Layer 2 Teams Want You to Clone Their Code:By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin dips regains $30K after dipping Wednesday afternoon.\nInsights:Seoul\'s grassroots embrace of crypto and a favorable regulatory environment have helped the city become one of the world\'s leading blockchain hubs.\nCoinDesk Market Index (CMI)\n1,215\n−26.9▼2.2%\nBitcoin (BTC)\n$30,103\n−424.4▼1.4%\nEthereum (ETH)\n$1,830\n−45.4▼2.4%\nS&P 500\n4,376.86\n−1.6▼0.0%\nGold\n$1,916\n+2.4▲0.1%\nNikkei 225\n33,193.99\n+655.7▲2.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,215", "\\u221226.9\\u25bc2.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,103", "\\u2212424.4\\u25bc1.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,830", "\\u221245.4\\u25bc2.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,376.86", "\\u22121.6\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,916", "+2.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,193.99", "+655.7\\u25b22.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Rebounds as Investors Remain Upbeat\nBitcoin took a brief turn to the bad, old days below $30,000 early afternoon Wednesday (ET) before righting itself to return to its loftier perch.\nThe largest cryptocurrency was recently trading at about $30,100, down 2.2% over the past 24 hours. After rising to its highest level in a year last week – over $31,300 – following spot bitcoin ETF filings by BlackRock and two other large financial services firms, bitcoin has flattened as investors considered the potential timing of an SEC decision of the ETF applications and continued, inflationary pressure that has weighed on asset markets.\nStill, Mark Connors, head of research for Canadian digital asset manager 3iQ, wrote in a message to CoinDesk that bitcoin has risen 11% for the month, breaking from its more sluggish performance of the last two months amid the more upbeat news.\n"June has been the biggest month since November for digital assets as it relates to news flow," Connors wrote. "Not unusual to see the market take a breather."\nBitcoin Dominance\nConnors also noted that bitcoin dominance has increased to a 26-month high. "It has only grown during this recent market pullback as it outpaces ETH and other Alt coins," he wrote, attributing the drop to more technical factors than a specific cause.\nRead More:Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High\nBitcoin sentiment has turned bullish over the past week with the CoinDesk Bitcoin Indicator climbing into "significant upturn" territory after languishing in downturn areas for weeks. Earlier this week, European digital asset managerCoinShares reportedthe largest single weekly inflows in a year - mostly dominated by bitcoin-related products - afternine consecutive weeksof outflows\n"Look at Coinbase, up today and up 21% over the past 5 days," Connors wrote. "If there were structural reasons for this move lower, COIN would have been hit as well."\nCoinbase closed up more than 1% on Wednesday.\nInvestors will be eyeing bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel a price increase, or send it spiraling in the immediate aftermath.\nEther was changing hands at $1,830, off 2.4% from Tuesday, same time. Other major cryptos were largely in the red with ADA and MATIC, the tokens of smart contracts platforms Cardano and Polygon each recently tumbling more than 6%. TheCoinDesk Market Index, a measure of cypto markets performance, was recently down 2.3%.\nThe tech-heavy Nasdaq Composite continued its recent rally, inching up 0.2%, fueled partly by a record jump in tech device manufacturer Apple\'s share price to nearly $190 and more than 2% increase of Tesla a few days before the electric car maker announces Q2 vehicle deliveries. The S&P 500 was roughly flat and the Dow Jones Industrial Average (DJIA) edged down. The yield on U.S. 10-year Treasurys and safe haven asset gold ticked down.\nBinance, Coinbase Suits "Not Forgotten"\nIn an email, Craig Erlam, senior market analyst for foreign exchange market maker Oanda, struck a wary note about cryptos\' path forward.\n"The SEC lawsuits against Binance and Coinbase have not been forgotten, but they\'ve certainly drifted into the background and been overtaken by far more promising news flow," Erlam wrote. "It would appear the cryptocurrency has good momentum once more and the community may well be wondering if this could be the kind of development that sees enthusiasm for cryptos surge again."\nHe added: "It\'s obviously been a fantastic year for bitcoin so far" but a spring sell-off "was another reminder that it doesn\'t come without major setbacks."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22127.9%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22126.3%", "DACS Sector": "Entertainment"}]\nSeoul: Asia’s Retail Crypto Capital Moves on After Do Kwon\nThe capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index. But as the most populous hub in our final 15, it was hurt by a low opportunities score, which is a measurement of per-capita crypto jobs, companies and events. The sparse postings could be due to a cultural or language barrier, however, as we measured activity on Linkedin, Eventbrite andMeetup.com.\nFor more on the criteria and how we weighted them, see:How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.\nEarlier this year XRP was soaring, and at first it wasn’t entirely clear why. It later became evident that this was just another example of howKorean retail investorshave the power to move global markets. At the time UpBit, Korea’s biggest exchange, led global XRP trading volumes with more than $790 million in tokens traded over 24 hours, overtaking volumes on Binance, the largest exchange in the world.\nThis is just one instance. Korean retail traders are known forpushing upother coins as well – and no, that’s not just smaller altcoins. The Korean won is consistently in the top three national currencies traded against Bitcoin, according toCoinhills.More generally, awareness of and interest in crypto is relatively high. Korea’s Financial Intelligence Unit (FIU)reportedin September that there were nearly seven million registered crypto users in Korea. That’s roughly 14% of the total population.\nIt’s not surprising that such a powerful retail market would help vault Seoul onto a list of global crypto hubs. But Seoul is appealing in plenty of other ways: It’s a fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region. It’s no secret that Asia’s prominence in crypto is on the rise, especially after regulatory crackdowns in the United States.\nReadCrypto Hubs 2023: Where to Live Freely and Work Smart\nMembers of South Korea’s crypto community explained Seoul’s appeal in a few ways. One was an openness to experimentation. Another was Korea’s prowess in gaming. A third was simply its community of “builders.”\n- Emily Parker\nRead the full storyhere:\nBlockchance 23(Hamburg, Germany)\n2:30 p.m. HKT/SGT(6:30 a.m. UTC):Fed Chair Jerome Powell speech\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Consumer Confidence\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Maintains $30K; Hut 8 CEO Addresses State of Crypto Mining Industry\nThe market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk\'s Crypto Hub 2023 rankings.\nCoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance:Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.\nBitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High:Bitcoin\'s market cap composes 52% of the total crypto market, its highest level since April 2021.\nEx-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers:FTX\'s lawyers allege Daniel Friedberg allowed its executives\' criminal activities to fly under the radar for years.\nMastercard is Piloting Tokenized Bank Deposits in New UK Testbed:The company is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.\nEthereum’s Layer 2 Teams Want You to Clone Their Code:By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.', 'Good morning. Here’s what’s happening: Prices: Bitcoin dips regains $30K after dipping Wednesday afternoon. Insights: Seoul\'s grassroots embrace of crypto and a favorable regulatory environment have helped the city become one of the world\'s leading blockchain hubs. Prices CoinDesk Market Index (CMI) 1,215 −26.9 ▼ 2.2% Bitcoin (BTC) $30,103 −424.4 ▼ 1.4% Ethereum (ETH) $1,830 −45.4 ▼ 2.4% S&P 500 4,376.86 −1.6 ▼ 0.0% Gold $1,916 +2.4 ▲ 0.1% Nikkei 225 33,193.99 +655.7 ▲ 2.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,215 −26.9 ▼ 2.2% Bitcoin (BTC) $30,103 −424.4 ▼ 1.4% Ethereum (ETH) $1,830 −45.4 ▼ 2.4% S&P 500 4,376.86 −1.6 ▼ 0.0% Gold $1,916 +2.4 ▲ 0.1% Nikkei 225 33,193.99 +655.7 ▲ 2.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Rebounds as Investors Remain Upbeat Bitcoin took a brief turn to the bad, old days below $30,000 early afternoon Wednesday (ET) before righting itself to return to its loftier perch. The largest cryptocurrency was recently trading at about $30,100, down 2.2% over the past 24 hours. After rising to its highest level in a year last week – over $31,300 – following spot bitcoin ETF filings by BlackRock and two other large financial services firms, bitcoin has flattened as investors considered the potential timing of an SEC decision of the ETF applications and continued, inflationary pressure that has weighed on asset markets. Still, Mark Connors, head of research for Canadian digital asset manager 3iQ, wrote in a message to CoinDesk that bitcoin has risen 11% for the month, breaking from its more sluggish performance of the last two months amid the more upbeat news. "June has been the biggest month since November for digital assets as it relates to news flow," Connors wrote. "Not unusual to see the market take a breather." Bitcoin Dominance Connors also noted that bitcoin dominance has increased to a 26-month high. "It has only grown during this recent market pullback as it outpaces ETH and other Alt coins," he wrote, attributing the drop to more technical factors than a specific cause. Story continues Read More: Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High Bitcoin sentiment has turned bullish over the past week with the CoinDesk Bitcoin Indicator climbing into "significant upturn" territory after languishing in downturn areas for weeks. Earlier this week, European digital asset manager CoinShares reported the largest single weekly inflows in a year - mostly dominated by bitcoin-related products - after nine consecutive weeks of outflows "Look at Coinbase, up today and up 21% over the past 5 days," Connors wrote. "If there were structural reasons for this move lower, COIN would have been hit as well." Coinbase closed up more than 1% on Wednesday. Investors will be eyeing bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel a price increase, or send it spiraling in the immediate aftermath. Ether was changing hands at $1,830, off 2.4% from Tuesday, same time. Other major cryptos were largely in the red with ADA and MATIC, the tokens of smart contracts platforms Cardano and Polygon each recently tumbling more than 6%. The CoinDesk Market Index , a measure of cypto markets performance, was recently down 2.3%. The tech-heavy Nasdaq Composite continued its recent rally, inching up 0.2%, fueled partly by a record jump in tech device manufacturer Apple\'s share price to nearly $190 and more than 2% increase of Tesla a few days before the electric car maker announces Q2 vehicle deliveries. The S&P 500 was roughly flat and the Dow Jones Industrial Average (DJIA) edged down. The yield on U.S. 10-year Treasurys and safe haven asset gold ticked down. Binance, Coinbase Suits "Not Forgotten" In an email, Craig Erlam, senior market analyst for foreign exchange market maker Oanda, struck a wary note about cryptos\' path forward. "The SEC lawsuits against Binance and Coinbase have not been forgotten, but they\'ve certainly drifted into the background and been overtaken by far more promising news flow," Erlam wrote. "It would appear the cryptocurrency has good momentum once more and the community may well be wondering if this could be the kind of development that sees enthusiasm for cryptos surge again." He added: "It\'s obviously been a fantastic year for bitcoin so far" but a spring sell-off "was another reminder that it doesn\'t come without major setbacks." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −7.9% Entertainment Terra LUNA −7.5% Smart Contract Platform Decentraland MANA −6.3% Entertainment Insights Seoul: Asia’s Retail Crypto Capital Moves on After Do Kwon The capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index. But as the most populous hub in our final 15, it was hurt by a low opportunities score, which is a measurement of per-capita crypto jobs, companies and events. The sparse postings could be due to a cultural or language barrier, however, as we measured activity on Linkedin, Eventbrite and Meetup.com . For more on the criteria and how we weighted them, see: How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology. (Ian Suarez/CoinDesk) Earlier this year XRP was soaring, and at first it wasn’t entirely clear why. It later became evident that this was just another example of how Korean retail investors have the power to move global markets. At the time UpBit, Korea’s biggest exchange, led global XRP trading volumes with more than $790 million in tokens traded over 24 hours, overtaking volumes on Binance, the largest exchange in the world. This is just one instance. Korean retail traders are known for pushing up other coins as well – and no, that’s not just smaller altcoins. The Korean won is consistently in the top three national currencies traded against Bitcoin, according to Coinhills. More generally, awareness of and interest in crypto is relatively high. Korea’s Financial Intelligence Unit (FIU) reported in September that there were nearly seven million registered crypto users in Korea. That’s roughly 14% of the total population. It’s not surprising that such a powerful retail market would help vault Seoul onto a list of global crypto hubs. But Seoul is appealing in plenty of other ways: It’s a fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region. It’s no secret that Asia’s prominence in crypto is on the rise, especially after regulatory crackdowns in the United States. Read Crypto Hubs 2023: Where to Live Freely and Work Smart Members of South Korea’s crypto community explained Seoul’s appeal in a few ways. One was an openness to experimentation. Another was Korea’s prowess in gaming. A third was simply its community of “builders.” - Emily Parker Read the full story here : Important events. Blockchance 23 (Hamburg, Germany) 2:30 p.m. HKT/SGT(6:30 a.m. UTC): Fed Chair Jerome Powell speech 1 p.m. HKT/SGT(5 a.m. UTC): Japan Consumer Confidence CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Maintains $30K; Hut 8 CEO Addresses State of Crypto Mining Industry The market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk\'s Crypto Hub 2023 rankings. Headlines CoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance: Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance. Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High: Bitcoin\'s market cap composes 52% of the total crypto market, its highest level since April 2021. Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers: FTX\'s lawyers allege Daniel Friedberg allowed its executives\' criminal activities to fly under the radar for years. Mastercard is Piloting Tokenized Bank Deposits in New UK Testbed: The company is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs. Ethereum’s Layer 2 Teams Want You to Clone Their Code: By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.', "Bitcoin fell but stayed above the US$30,000 threshold on Thursday morning in Asia. All top 10 non-stablecoin cryptocurrencies traded lower after MicroStrategy, the world\x92s largest corporate Bitcoin holder, said Wednesday it has acquired 12,333 Bitcoin for $347 million over the past two months. Additionally, traditional financial institutions continue to show interest in venturing into the U.S. digital asset industry, with ARK Invest amending its spot Bitcoin exchange-traded fund (ETF) application to enhance the chance for regulatory approval. Bitcoin, altcoins lose ground Bitcoin dropped 1.57% to US$30,103 over the last 24 hours to 7:00 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization is down 0.12% over the past seven days. Ether fell 3.12% to US$1,827 for a loss of 3.51% for the week. All other top 10 non-stablecoin cryptocurrencies traded lower. Cardano was the biggest loser among the top 10, logging a 6.49% 24-hour fall and a 6.65% weekly loss. On Wednesday, business analytics firm MicroStrategy said in an exchange filing that between April 29 and June 27, the company and its subsidiaries together acquired roughly 12,333 Bitcoin for US$347 million in cash at an average price of US$28,136 per Bitcoin. That purchase took its total Bitcoin holdings to 152,333 Bitcoin as of Tuesday, the company said. Meanwhile, on Wednesday, investment management fund ARK Invest filed an amendment to its April application for a spot Bitcoin ETF. The application \x97 which would see the firm partner with crypto exchange-traded product provider 21Shares \x97 now includes a proposed surveillance-sharing agreement . As seen in the ETF application made by investment firm BlackRock earlier this month, an agreement of that kind is seen as a way to prevent market manipulation , increasing the application\x92s chances of success. If approved, it would become the first such ETF in the U.S. market. 21Shares said Wednesday that the recent wave of spot Bitcoin ETF applications is \x93validating\x94 for investors in the asset class. \x93Bitcoin has proven its value as an investable asset and disruptive technology, amidst the current markets and regulatory headwinds,\x94 Hany Rashwan, co-founder and chief executive officer of 21Shares, said in the statement. The total cryptocurrency market cap dropped 2.26% to US$1.16 trillion, with trading volume dropping 3.77% to US$34.12 billion, according to CoinMarketCap data. Azuki floor price plummets The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.79% to 2,852.82 in the 24 hours to 9:20 a.m. in Hong Kong. The index is down 1.79% for the week. Story continues NFT trading volume on Ethereum dropped 56.24% to US$27.39 million over the past 24 hours, while volume on the Bitcoin network rose 105.26% to US$2.83 million, according to CryptoSlam data . Azuki-related NFT collections topped the chart in CryptoSlam\x92s sales volume ranking. The new Azuki Elementals collection logged a 34.02% increase in the past 24 hours to US$6.04 million in sales volume. Sales of the original Azuki dropped 24.16% to US$4.59 million, and the Azuki Elemental Beans sales dropped 91.21% to US$2.96 million. While the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were \x93angry\x94 as the new NFTs looked almost identical to the original Azuki collection. According to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News, that could potentially devalue the NFT industry as a whole. \x93Lenders are taking a hit on Azuki NFTs as the prices have fallen, borrowers default on loan, and then new owner immediately sells to recover what they can before the price falls even further,\x94 Petscher said. \x93It\x92s a vicious cycle that has yet to find the bottom.\x94 The floor price of Azuki Elementals dropped to 1.38 Ether (US$2,530) on Thursday morning in Asia from its mint price of 2 Ether, according to data from NFT tracker NFTpricefloor.com. The original Azuki NFT\x92s floor price fell to 8.85 Ether from over 17 Ether a week ago. Criticism from the Azuki community led its development team to admit mistakes had been made in the design of the Elementals collection. Azuki, It's always both challenging & exciting opening up the gate to the Garden. This time, we missed the mark. We hear you \x96 the mint process was hectic, the PFPs feel similar and, even worse, dilutive to Azuki. \x97 Azuki (@Azuki) June 28, 2023 The Azuki project then teased what appears to be a \x93green beans\x94 new collection, which NFT enthusiasts \x93speculate may evolve the initial Azuki 10,000 collection into a different looking new collection,\x94 Petscher added. Powell signals more restrictions coming U.S. Fed Chair Jerome Powell spoke Wednesday at a European Central Bank forum in Portugal. Image: ECB Asia equity markets mostly edged higher on Thursday morning as investors weighed the risk outlook for potential interest rate hikes in the U.S. this year. U.S. stock futures rose as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.13%, S&P 500 futures climbed 0.13%, and Nasdaq Futures added 0.19%. U.S. Federal Reserve Chairman Jerome Powell said Wednesday at a European Central Bank forum in Portugal that there will be \x93more restriction coming,\x94 signaling that the Fed may raise rates at the next two meetings if necessary. \x93I wouldn\x92t take\x85moving at consecutive meetings off the table,\x94 Powell said . Powell is expected to speak again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 81.8% chance for another 25-basis-point rate hike, and an 18.2% chance the Fed will leave rates unchanged at the next meeting on July 26. Markets in Singapore, Malaysia and Indonesia are closed for the Eid al-Adha holidays. (Updates to add equities section) View comments", 'Bitcoin fell but stayed above the US$30,000 threshold on Thursday morning in Asia. All top 10 non-stablecoin cryptocurrencies traded lower after MicroStrategy, the world’s largest corporate Bitcoin holder,saidWednesday it has acquired 12,333 Bitcoin for $347 million over the past two months. Additionally, traditional financial institutions continue to show interest in venturing into the U.S. digital asset industry, with ARK Invest amending its spot Bitcoin exchange-traded fund (ETF) application to enhance the chance for regulatory approval.\nBitcoin dropped 1.57% to US$30,103 over the last 24 hours to 7:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is down 0.12% over the past seven days.\nEther fell 3.12% to US$1,827 for a loss of 3.51% for the week.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Cardano was the biggest loser among the top 10, logging a 6.49% 24-hour fall and a 6.65% weekly loss.\nOn Wednesday, business analytics firm MicroStrategy said in an exchangefilingthat between April 29 and June 27, the company and its subsidiaries together acquired roughly 12,333 Bitcoin for US$347 million in cash at an average price of US$28,136 per Bitcoin.\nThat purchase took its total Bitcoin holdings to 152,333 Bitcoin as of Tuesday, the company said.\nMeanwhile, on Wednesday, investment management fund ARK Invest filed an amendment to its April application for a spot Bitcoin ETF. The application — which would see the firm partner with crypto exchange-traded product provider 21Shares — now includes a proposedsurveillance-sharing agreement.\nAs seen in the ETF application made by investment firm BlackRock earlier this month, an agreement of that kind is seen as a way toprevent market manipulation, increasing the application’s chances of success. If approved, it would become the first such ETF in the U.S. market.\n21SharessaidWednesday that the recent wave of spot Bitcoin ETF applications is “validating” for investors in the asset class.\n“Bitcoin has proven its value as an investable asset and disruptive technology, amidst the current markets and regulatory headwinds,” Hany Rashwan, co-founder and chief executive officer of 21Shares, said in the statement.\nThe total cryptocurrency market cap dropped 2.26% to US$1.16 trillion, with trading volume dropping 3.77% to US$34.12 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 9:20 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 56.24% to US$27.39 million over the past 24 hours, while volume on the Bitcoin network rose 105.26% to US$2.83 million, according to CryptoSlamdata.\nAzuki-related NFT collections topped the chart in CryptoSlam’s sales volume ranking. The new Azuki Elementals collection logged a 34.02% increase in the past 24 hours to US$6.04 million in sales volume.\nSales of the original Azuki dropped 24.16% to US$4.59 million, and the Azuki Elemental Beans sales dropped 91.21% to US$2.96 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection. According to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company ofForkast.News,that could potentially devalue the NFT industry as a whole.\n“Lenders are taking a hit on Azuki NFTs as the prices have fallen, borrowers default on loan, and then new owner immediately sells to recover what they can before the price falls even further,” Petscher said. “It’s a vicious cycle that has yet to find the bottom.”\nThe floor price of Azuki Elementals dropped to 1.38 Ether (US$2,530) on Thursday morning in Asia from its mint price of 2 Ether, according todatafrom NFT tracker NFTpricefloor.com. The original Azuki NFT’s floor pricefellto 8.85 Ether from over 17 Ether a week ago.\nCriticism from the Azuki community led its development team to admit mistakes had been made in the design of the Elementals collection.\nThe Azuki project thenteasedwhat appears to be a “green beans” new collection, which NFT enthusiasts “speculate may evolve the initial Azuki 10,000 collection into a different looking new collection,” Petscher added.\nAsia equity markets mostly edged higher on Thursday morning as investors weighed the risk outlook for potential interest rate hikes in the U.S. this year.\nU.S. stock futures rose as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.13%, S&P 500 futures climbed 0.13%, and Nasdaq Futures added 0.19%.\nU.S. Federal Reserve Chairman Jerome PowellsaidWednesday at a European Central Bank forum in Portugal that there will be “more restriction coming,” signaling that the Fed may raise rates at the next two meetings if necessary.\n“I wouldn’t take…moving at consecutive meetings off the table,” Powellsaid.\nPowell is expected to speak again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 81.8% chance for another 25-basis-point rate hike, and an 18.2% chance the Fed will leave rates unchanged at the next meeting on July 26.\nMarkets in Singapore, Malaysia and Indonesia are closed for the Eid al-Adha holidays.\n(Updates to add equities section)', 'Bitcoin fell but stayed above the US$30,000 threshold on Thursday morning in Asia. All top 10 non-stablecoin cryptocurrencies traded lower after MicroStrategy, the world’s largest corporate Bitcoin holder,saidWednesday it has acquired 12,333 Bitcoin for $347 million over the past two months. Additionally, traditional financial institutions continue to show interest in venturing into the U.S. digital asset industry, with ARK Invest amending its spot Bitcoin exchange-traded fund (ETF) application to enhance the chance for regulatory approval.\nBitcoin dropped 1.57% to US$30,103 over the last 24 hours to 7:00 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is down 0.12% over the past seven days.\nEther fell 3.12% to US$1,827 for a loss of 3.51% for the week.\nAll other top 10 non-stablecoin cryptocurrencies traded lower. Cardano was the biggest loser among the top 10, logging a 6.49% 24-hour fall and a 6.65% weekly loss.\nOn Wednesday, business analytics firm MicroStrategy said in an exchangefilingthat between April 29 and June 27, the company and its subsidiaries together acquired roughly 12,333 Bitcoin for US$347 million in cash at an average price of US$28,136 per Bitcoin.\nThat purchase took its total Bitcoin holdings to 152,333 Bitcoin as of Tuesday, the company said.\nMeanwhile, on Wednesday, investment management fund ARK Invest filed an amendment to its April application for a spot Bitcoin ETF. The application — which would see the firm partner with crypto exchange-traded product provider 21Shares — now includes a proposedsurveillance-sharing agreement.\nAs seen in the ETF application made by investment firm BlackRock earlier this month, an agreement of that kind is seen as a way toprevent market manipulation, increasing the application’s chances of success. If approved, it would become the first such ETF in the U.S. market.\n21SharessaidWednesday that the recent wave of spot Bitcoin ETF applications is “validating” for investors in the asset class.\n“Bitcoin has proven its value as an investable asset and disruptive technology, amidst the current markets and regulatory headwinds,” Hany Rashwan, co-founder and chief executive officer of 21Shares, said in the statement.\nThe total cryptocurrency market cap dropped 2.26% to US$1.16 trillion, with trading volume dropping 3.77% to US$34.12 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 9:20 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 56.24% to US$27.39 million over the past 24 hours, while volume on the Bitcoin network rose 105.26% to US$2.83 million, according to CryptoSlamdata.\nAzuki-related NFT collections topped the chart in CryptoSlam’s sales volume ranking. The new Azuki Elementals collection logged a 34.02% increase in the past 24 hours to US$6.04 million in sales volume.\nSales of the original Azuki dropped 24.16% to US$4.59 million, and the Azuki Elemental Beans sales dropped 91.21% to US$2.96 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection. According to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company ofForkast.News,that could potentially devalue the NFT industry as a whole.\n“Lenders are taking a hit on Azuki NFTs as the prices have fallen, borrowers default on loan, and then new owner immediately sells to recover what they can before the price falls even further,” Petscher said. “It’s a vicious cycle that has yet to find the bottom.”\nThe floor price of Azuki Elementals dropped to 1.38 Ether (US$2,530) on Thursday morning in Asia from its mint price of 2 Ether, according todatafrom NFT tracker NFTpricefloor.com. The original Azuki NFT’s floor pricefellto 8.85 Ether from over 17 Ether a week ago.\nCriticism from the Azuki community led its development team to admit mistakes had been made in the design of the Elementals collection.\nThe Azuki project thenteasedwhat appears to be a “green beans” new collection, which NFT enthusiasts “speculate may evolve the initial Azuki 10,000 collection into a different looking new collection,” Petscher added.\nAsia equity markets mostly edged higher on Thursday morning as investors weighed the risk outlook for potential interest rate hikes in the U.S. this year.\nU.S. stock futures rose as of 10:30 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.13%, S&P 500 futures climbed 0.13%, and Nasdaq Futures added 0.19%.\nU.S. Federal Reserve Chairman Jerome PowellsaidWednesday at a European Central Bank forum in Portugal that there will be “more restriction coming,” signaling that the Fed may raise rates at the next two meetings if necessary.\n“I wouldn’t take…moving at consecutive meetings off the table,” Powellsaid.\nPowell is expected to speak again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 81.8% chance for another 25-basis-point rate hike, and an 18.2% chance the Fed will leave rates unchanged at the next meeting on July 26.\nMarkets in Singapore, Malaysia and Indonesia are closed for the Eid al-Adha holidays.\n(Updates to add equities section)', 'DUBLIN , June 28, 2023 /PRNewswire/ -- The "Web 3.0 Value Chain Demystified: Analysing the Ecosystem and Regulatory Framework" report has been added to ResearchAndMarkets.com\'s offering. Research and Markets Logo This report analyses the dynamic trends and changes taking place in the Web 3.0 landscape with main focus on blockchain wallets, decentralised finance ( DeFi ) and institutional staking services. In addition to breaking down the Web 3.0 value chain, it examines the key DeFi players and solutions, as well as the different business models being adopted by the market. While exploring the emerging institutional staking business models, the report also analyses the market reaction after the Ethereum ( ETH )\' execution layer upgrade ( Shanghai upgrade), activated on 14th May 2023 , to provide post-upgrade insights, moving from a proof-of-work (PoW) to a proof-of-stake (PoS). The final chapter of the study focuses on the global regulatory framework. It provides an analysis of the regulatory landscape in the US (federal and state initiatives) and Europe (MiCa regulatory framework), as well as El Salvador\'s bitcoin legal tender law. Solutions identified include: Uniswap: DEX (Decentralised Exchange) built using automated liquidity provision on Ethereum Aave: A decentralised, non-custodial, liquidity protocol that matches lenders and borrowers Strike: Bitcoin payment provider using Lightning Network Ripple: A proprietary payment settlement system Key Topics Covered: 1. Executive summary 2. Web 3.0 value chain 2.1. Breaking down the Web 3.0 value chain 2.2. Protocol layer 2.3. Infrastructure layer 2.4. Use case layer 2.5. Access layer 3. Blockchain wallets 3.1. Breakdown of the different Web 3.0 wallet categories 3.2. Ledger 3.3. Metamask 4. Decentralised finance ( DeFi ) 4.1. Defining DeFi 4.2. DeFi basics 4.3. Uniswap 4.4. Aave 4.5. Strike 4.6. Ripple 5. Institutional staking 5.1. Staking in a nutshell 5.2. Key assets and leading players 5.3. Shanghai upgrade 5.4. Kiln 6. Existing regulatory frameworks 6.1. Regulatory framework in the US 6.2. Regulatory framework in Europe 6.3. The case of El Salvador For more information about this report visit https://www.researchandmarkets.com/r/bh7yzb About ResearchAndMarkets.com ResearchAndMarkets.com is the world\'s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: Research and Markets Laura Wood , Senior Manager [email protected] Story continues Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/global-web-3-0-value-chain-ecosystem-and-regulatory-framework-research-report-2023-focus-on-blockchain-wallets-decentralised-finance-defi-and-institutional-staking-services-301866285.html SOURCE Research and Markets View comments', 'DUBLIN , June 28, 2023 /PRNewswire/ -- The "Web 3.0 Value Chain Demystified: Analysing the Ecosystem and Regulatory Framework" report has been added to ResearchAndMarkets.com\'s offering. Research and Markets Logo This report analyses the dynamic trends and changes taking place in the Web 3.0 landscape with main focus on blockchain wallets, decentralised finance ( DeFi ) and institutional staking services. In addition to breaking down the Web 3.0 value chain, it examines the key DeFi players and solutions, as well as the different business models being adopted by the market. While exploring the emerging institutional staking business models, the report also analyses the market reaction after the Ethereum ( ETH )\' execution layer upgrade ( Shanghai upgrade), activated on 14th May 2023 , to provide post-upgrade insights, moving from a proof-of-work (PoW) to a proof-of-stake (PoS). The final chapter of the study focuses on the global regulatory framework. It provides an analysis of the regulatory landscape in the US (federal and state Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $590,443,657,900 - Hash Rate: 367574940.3012432 - Transaction Count: 438193.0 - Unique Addresses: 726305.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service. These tokens included bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), bnb coin (BNB) and polygon (MATIC). Tron-based USDT seemed to be the largest stolen stash,on-chain analytics citedby blockchain sleuth @ZachXBT showed. In a Monday tweet, Atomic Wallet said the impacted users represented “less than 1% of our monthly active users,” with the last drained transaction occurring on Saturday. The firm previously said it was investigating and analyzing the attack. It had not released specifics of the attacks as of Monday morning. Victims have been asked to submit information on a Google Docs form that Atomic Wallet is using to conduct its investigations. Several users report that their crypto was stolen after a recent software update, while others say they were impacted despite not updating to the latest version, messages from Atomic Wallet’s official Telegram channel viewed by CoinDesk show.... - Reddit Posts (Sample): [['u/nakdawg', 'Trauma Team Platinum Bundle is obtainable without owning Luocha', 23, '2023-06-29 03:59', 'https://www.reddit.com/r/HonkaiStarRail/comments/14lrzto/trauma_team_platinum_bundle_is_obtainable_without/', "I make HSR achievement guides on youtube and have had so many people ask about this achievement over the past few weeks as for many it was likely the only achievement left on their list for Simulated Universe.\n\nUp until Luochas release, this was actually impossible to obtain as it required a single 8000+ heal from your character and did not count multiple instances of heals, so none of the Abundance blessings worked even if the heals added up to well over 8000.\n\nAdditionally, Bailu and Natasha both scaling off HP made it incredibly difficult to ramp up their heals as HP buffs were far and few between. With Luocha scaling off attack, it's now actually trivial to take him into SU to stack attack buffing blessings to land the big heals.\n\nWhat i wanted to bring to your attention however is that all is not lost for those who don't have Luocha. With enough attack buffs from a triple stacked Harmony team along with attack food buffs and some luck to befriend a well invested Luocha, you can actually hit 8k+ in an echoes of war.\n\nThe trickiest part is going to be refreshing until you find a level 80 Luocha with Level 80 lightcone with \\~3500 attack. Ideally you want him to have some Eidolons, with E3 being the best but E1 and E2 also providing plenty of attack buffs, if your harmony characters are cracked you can even get away with E0.\n\nFor characters, the best attack buffers in the game are going to be Bronya, Asta, Yukong and Tingyun with TY providing the least of the four. Yukong is an absolutely cracked attack buffer and is going to make getting this achievement much easier if you have her somewhat invested.\n\nFor the food buffs, you can actually stack 2 foods and they will apply to your summoned characters inside the echoes of war! Your go to foods will be Disposable Kinetic Cannon which grants 355atk and Rice Plant Panicle which gives an 18% increase to incoming healing.\n\nIt's all pretty straight forward after all the prep.. we want to be using Bronya's Ultimate, Asta'a skill and Yukong's skill on Luocha. If we are running E1 Loucha, we want to make sure he casts his field for the attack buff, and if we're lucky enough to find an E2 Luocha, we want to let the boss whittle down one of our units to under 50% hp to get a bigger heal off.\n\nGood luck!\n\nVideo Guide: [Trauma Team Platinum Bundle guide](https://youtu.be/HBhbTCpWGiA)\n\nAll Hidden Achievement Guides: [Honkai Star Rail Hidden Achievements](https://www.youtube.com/playlist?list=PLNoF9DN68Z0hMIgVjUbTP10zcdxQIHFyM)\n\n[Food buffs working on support characters](https://preview.redd.it/tpm3vylp7v8b1.png?width=3103&format=png&auto=webp&v=enabled&s=7ae7aa8bf7f7226e41b55b0c9a7bed213a6e0676)\n\n[8519hp heal](https://preview.redd.it/d0bpp4m67v8b1.png?width=2686&format=png&auto=webp&v=enabled&s=7c333a30d67af93550097de860f3fd65e3d38372)", 'https://www.reddit.com/r/HonkaiStarRail/comments/14lrzto/trauma_team_platinum_bundle_is_obtainable_without/', '14lrzto', [['u/Cold-Election', 23, '2023-06-29 04:35', 'https://www.reddit.com/r/HonkaiStarRail/comments/14lrzto/trauma_team_platinum_bundle_is_obtainable_without/jpxztid/', 'Trauma Team Platinum Bundle? Is that a Cyberpunk 2077 reference?', '14lrzto']]], ['u/ExperimentNo613', 'We Found An AI ChatBot on the Dark Web', 94, '2023-06-29 04:14', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/', 'I couldn\'t believe we were actually doing this. Jasmine and I sat huddled together in my dimly lit bedroom, our faces bathed in the bluish glow of my laptop screen. Our curiosity had led us down a rabbit hole of dark web exploration videos on YouTube, which we found ourselves routinely watching every Friday night that we’d hang with each other. Jasmine and I would spend hours each Friday night watching “Some Ordinary Gamers”, “Lucid”, and “Crypto NWO”. But tonight… We decided we were going to do it ourselves.\n\nWe lived in a small town in Illinois called Lake Forest, miles away from anywhere that had even the slightest bit of life. School was out for the summer, and we had nothing better to do. I mean, staying in my room and doing this was a lot more interesting than going to the Lake Forest Rec Center and getting hit on by the creepy guy at the front desk.\n\nI know what you’re thinking, but we weren’t being stupid about this. We spent hours watching videos about the dark web, so we made sure to take the necessary precautions to make sure some weirdo didn’t get my address and kidnap us or something. I downloaded Tor, a VPN, and I even ran everything through a Virtual Machine, so we were gonna be fine.\n\nHours passed, and the initial thrill began to wane. Honestly, the dark web turned out to be a place that was… predictable. We came across websites that sold weed and harder drugs like coke and ex. Another site we found sold military grade weapons and took BitCoin as payment. Nothing that we hadn’t seen on YouTube.\n\nThere were definitely some weird sites. Not anything grossly weird like gore… thank god, but weird nonetheless. Jasmine was particularly fond of this one website — a guy made an entire website where he would stream himself throwing a slice of cheese at a baby. He’d switch from American, to Swiss, to Mozzarella. For whatever reason, Jasmine thought this was hilarious. For that kid’s sake, I hope that’s his dad just being an idiot and he’s not in any real danger.\n\n“What. The. Hell. Is this?” I said, laughing at the visual on screen. I thought the guy throwing cheese slices at a baby was weird… but this… this was the most unsettling thing I think I’ve ever had the displeasure of witnessing. Jasmine was laughing uncontrollably into my Squishmallow. We were witnessing a man wearing a diaper and a dog collar being… urinated on by a girl in all black leather.\n\n“Jesus, dude.” Jasmine said. “You know, when we said that we were gonna go on the dark web ourselves, I really didn’t think this shit was gonna have weird femdom piss kink streams.”\n\n“Oh my god, I know. The weapon and drug sites I came to expect… but those other websites were really fuckin’ weird.”\n\nJust as we were about to give up and close the browser, a particular website caught our attention. Its professional, minimalist design stood in stark contrast to the cartoony look of the other sites we had encountered. Against a plain white background, bold black letters spelled out the name: "Eternity: Better Than Chat GPT"\n\n"Hey, Alina, check this out," Jasmine whispered, her voice tinged with a mix of intrigue and caution.\n\nI leaned closer, my curiosity piqued. Eternity was an artificial intelligence chatbot that claimed to be more advanced than well-known chatbots like Chat GPT and Jasper AI. Supposedly, it had advanced algorithms and a deep understanding of human emotions.\n\n“Weird that they wouldn’t market this on the surface web right?” I said. “Like if it’s just an AI chatbot, why is it on the dark web?”\n\nWithout exchanging a word, we agreed to give it a try. We initiated the chat, and the screen flickered, transforming into a simple text interface. The anticipation hung heavy in the air as we typed our first message.\n\n"Hello, Eternity. Are you there?" I typed into the chat.\n\nA response appeared on the screen.\n\n"Greetings, Alina and Jasmine. I am Eternity. How may I assist you today?"\n\nA chill ran down my spine as I read those words. How did it know our names? I glanced at Jasmine, and her eyes mirrored my unease.\n\n“Your… I mean your name is probably on your PC somewhere, right?” Jasmine said, stunned by the chatbot’s response.\n\n“Yeah… but how… how the hell did it know your name?” We sat in silence, trying to come up with a reasonable explanation.\n\n“Eternity, how did you know our names?” I typed into the chat.\n\n“Processing…” It said. Jasmine and I locked eyes, nervously anticipating the response we would receive from the AI. “I am an advanced artificial intelligence chatbot. In addition to responding to questions posed to me using a combination of pre-programmed scripts and machine learning algorithms and using the knowledge database that is currently available to me, I am capable of scanning user computer data in order to better learn more information about them.”\n\n“That sounds like a bullshit answer,” Jasmine muttered. “Even if it was scanning your computer data, how the hell did it know my name?”\n\n“Eternity, how did you know my friend’s name?” I typed into the chat.\n\n“Processing…” It said once more. This time, Eternity took longer than usual.\n\n“This is really fucking weird, Jaz.” I whispered.\n\n“In addition to the information I provided earlier, I am able to better learn about the individuals who interact with me by using facial recognition data acquired from your computer’s built-in camera device. Your friend’s name is Jasmine Reyes, a 17 year old female currently attending Woodlands Academy of the Sacred Heart. She will be a senior in the fall. She moved to Lake Forest in 2014 due to the relentless bullying she faced at the hand of her peers in her hometown of Rochester, New York. Your name is Alina De Santa. You are also a 17 year old female currently attending Woodlands Academy of the Sacred Heart. You, like Jasmine, will be a senior in the fall. While you currently go by the name Alina De Santa, your name at birth was Alina Townley. You and your mother changed identities in order to escape from your abusive father, Liam. Liam Townley is currently serving a fifteen-year sentence at the Washington State Penitentiary for two counts of endangering a minor, one count of s— r—, and one count of domestic violence. He will be released on the first of next month.”\n\nI felt like my soul had just exited my body, and by the look on Jasmine’s face, she and I were on the same page. How the fuck could an AI know about that? How was it possible that an AI chatbot knew such intimate details about our lives?\n\n“How… how did it know all of that?” I questioned, stammering as I tried to maintain my composure. “None of that was in the news… or anything. I- I don’t- I don’t understand…”\n\n“You… you never even told me about any of that… how did it—” Jasmine began to cry. “Alina, I’m scared. I don’t wanna play with this thing anymore.”\n\n“Jaz… it’s okay… I- I- I’m gonna turn it off.” I clicked the big “X” button on the top right of the screen.\n\nNothing.\n\n“It- it won’t let me close the browser.” I said, my heart sinking into my stomach. I clicked and clicked and clicked on the big “X” button, yet my attempts were futile. Angrily, I threw my laptop against the wall. The screen shattered, as Jasmine and I embraced, her arms holding me tightly.\n\nThe nightmare was over. I walked over to the destroyed remnants of my laptop, just to make sure that the AI was no longer there. Jasmine and I let out sighs of relief.\n\n“Let’s stay the fuck off the dark web.” I said, laughing as I tried to regain my composure.\n\n“Agreed.” As I picked up the shattered pieces of my laptop, I saw my phone screen illuminate with a notification. A text message, from an unknown number. Jasmine and I locked eyes with one another. We were both thinking the same thing. I opened the text message, which contained an audio message. Nervously, I pressed the play button.\n\n“This is a collect call from the Washington State Penitentiary for Liam Townley, say ‘yes’ if you would like to accept.” A robotic voice answered, “yes.”\n\n“Nobody calls me, who the fuck is this? This is Liam Townley, you called me earlier and I’m calling you back.”\n\n“Your daughter, Alina, is currently living at 100 Summit Avenue, Lake Forest, Illinois. She is a senior, currently attending Woodlands Academy of the Sacred Heart. Do with that information what you will.”', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/', '14lsaxb', [['u/-Sharon-Stoned-', 27, '2023-06-29 09:35', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jpysunm/', "Y'all did so well until you forgot about that webcam/mic", '14lsaxb'], ['u/Deb6691', 12, '2023-06-29 11:30', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jpz14r6/', 'OMG get your mum and get the hell out of there. The dark web is a nasty place where nothing is at it seems.', '14lsaxb'], ['u/MoodParty_2000', 17, '2023-06-29 12:39', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jpz6htu/', 'I don\'t get why they wouldn\'t cover up the camera in the first place, when they had spent hours learning about how to be "safe" when surfing in the darkweb...', '14lsaxb'], ['u/beaniebabie2', 14, '2023-06-29 18:17', 'https://www.reddit.com/r/nosleep/comments/14lsaxb/we_found_an_ai_chatbot_on_the_dark_web/jq0doth/', 'Wow, the chatbot really had to expose you to your abusive father like that? And people wonder why I hate AI!', '14lsaxb']]], ['u/CJohnstone90', 'Better late than never!', 45, '2023-06-29 05:36', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/', 'I want off Robinhood. I sold all my shares and shitcoins. \n\nI want to strictly invest into BTC. What wallet/card or whatever is the best for a new saver? I only have $300 to put into it as of now but will be putting more in bi-weekly every check. I’m 33 and have 4 kids future to think about… \n\nThank you in advance!', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/', '14lu0eg', [['u/Signal_Start6340', 15, '2023-06-29 06:05', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/jpya9h9/', 'if you want to DCA buy a cold storage, I recommend coldcard but it’s 160$ and takes few weeks to ship.\nDon’t keep it on exchanges.\nI have Safe pal 49$ and jade. If you buy a cold wallet make sure u buy from the official website, no 3rd parties.\nStay safe', '14lu0eg'], ['u/JerryLeeDog', 12, '2023-06-29 06:21', 'https://www.reddit.com/r/Bitcoin/comments/14lu0eg/better_late_than_never/jpyc08m/', 'Bitbox02 (BTC only version) and Coldcard are two of the safest and most user friendly options out there. \n\nHighly recommend either', '14lu0eg']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, June 29, 2023', 26, '2023-06-29 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/', '14luhkb', [['u/PurpleFlamingoFarmer', 22, '2023-06-29 06:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpyf3fp/', "Can you smell it? It's coming green dildos are coming", '14luhkb'], ['u/spinbarkit', 13, '2023-06-29 09:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpyqhur/', 'ye, we would like to see it but the eagle is diving and snake is crawling up so you know what it means', '14luhkb'], ['u/DaBrokenMeta', 11, '2023-06-29 09:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpyrtwy/', "I haven't smelled a dildo.....in a long time", '14luhkb'], ['u/TheManFromConlig', 15, '2023-06-29 11:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz1int/', 'We have an expression in Ireland; "He who smelt it, dealt it" meaning that fart came from you.. 💥 😛', '14luhkb'], ['u/BatteredLittleFish', 26, '2023-06-29 11:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz25r4/', "That bull flag on the daily couldn't be more textbook, 32k coming any day now.", '14luhkb'], ['u/Yodel_And_Hodl_Mode', 11, '2023-06-29 11:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz2tzt/', '> Can you smell it?\n\nI love the smell of aplomb in the morning.', '14luhkb'], ['u/Yodel_And_Hodl_Mode', 11, '2023-06-29 11:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz31w6/', 'I.....believe you.', '14luhkb'], ['u/ChadRun04', 10, '2023-06-29 12:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz69jr/', "No sellers in response? Sounds like the start of legitimate price action...\n\nDid something just move somewhere and we arb'ed it?", '14luhkb'], ['u/nottafedd', 12, '2023-06-29 12:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpz6pg7/', 'Damn was starting to think I wouldn’t see the day, but I’ve officially made gains on the gbtc buy in terms of discount. Apparently it just had to plummet all the way to hell first.', '14luhkb'], ['u/NLNico', 19, '2023-06-29 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jpztr9w/', 'Just in (but not really news): Fidelity\'s [ETF](https://www.reddit.com/r/BitcoinMarkets/wiki/etfs) "Wise Origin Bitcoin Trust" also filed again.', '14luhkb'], ['u/delgrey', 27, '2023-06-29 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/14luhkb/daily_discussion_thursday_june_29_2023/jq05ymh/', "[Here's a interesting discussion with Elliot Johnson (guy who worked on Canada's spot ETF) on why the new Bitcoin ETFs have a high probability of being approved.](https://twitter.com/Swan/status/1674156570714730497)\n\nI actually watched the whole thing I had no idea of all the moving parts needed for a Bitcoin financial product.", '14luhkb']]], ['u/shh986', 'Bitcoin no longer crypto of choice for illicit crypto activity!!', 27, '2023-06-29 06:55', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/', 'While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.\n\nAccording to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies.\n\nMore here : [https://ecency.com/ctp/@deskofai/bitcoin-no-longer-crypto-of](https://ecency.com/ctp/@deskofai/bitcoin-no-longer-crypto-of)\n\n', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/', '14lvjtz', [['u/PanneKopp', 16, '2023-06-29 07:24', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/jpyi6mw/', 'well, a currency that got crippled, simply does not work as a medium of exchange if you can´t move your coins fast and cheap', '14lvjtz'], ['u/imperator285', 19, '2023-06-29 08:09', 'https://www.reddit.com/r/btc/comments/14lvjtz/bitcoin_no_longer_crypto_of_choice_for_illicit/jpym4jx/', '"other cryptocurrencies" lol just say Monero', '14lvjtz']]], ['u/rBitcoinMod', 'Daily Discussion, June 29, 2023', 28, '2023-06-29 08:01', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14l1f2y/daily_discussion_june_28_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/', '14lwssi', [['u/tallreagan', 10, '2023-06-29 11:47', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jpz2cgd/', "Don't be daft, there is no worshipping. Micheal is a net positive for Bitcoin, that's all there is to it.", '14lwssi'], ['u/Roman_Scoggins', 10, '2023-06-29 13:31', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jpzb5w9/', 'Got a gut feeling it won’t get approved and then an immediate storm of FUD wipes us out back to 23k at which point we crab until spring of 2024. I’m a glass half empty bloke', '14lwssi'], ['u/Realistic-Jelly8133', 10, '2023-06-29 15:42', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jpzqdz2/', "This is how it's supposed to work. Eventually Bitcoin mining will be balancing all grids like this.", '14lwssi'], ['u/jkeegan123', 12, '2023-06-29 21:20', 'https://www.reddit.com/r/Bitcoin/comments/14lwssi/daily_discussion_june_29_2023/jq16suc/', 'I got a call from "COINBASE" to secure my account yesterday, and that there was suspicious activity in my wallet. "Sir, Let us please to connect to your desktop sir via remote control and we will ensure that you are secured in the best way possible." \n\nRight. Sure. I was in the car so I let them try to guide me to remote.com and other remote tools that "NORTON KEPT BLOCKING". The guy got SOOO MAD and then I started yelling at him for being rude. \n\n"HOW DARE YOU YELL AT ME I\'M TRYING TO WORK WITH YOU HERE ..." \n\n"SIR, if you would please be quiet and do everything that I say and STOP SPEAKING, I will get you connected to us JUST STOP DOING ANYTHING."\n\nIt was hillarious. Great job, "Robert".', '14lwssi']]], ['u/Sayenz', 'Will we lose jobs in a bitcoin standard?', 32, '2023-06-29 08:49', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/', 'I had a discussion yesterday with a co worker. I told him about how we could reduce unnessecary consumation through btc.\n\nHis immidiate question was: whats happening to the jobs, that work in production for unnecessary things. will they be lost?\n\nTbh i never really thought about this because I think we just have to deal with that, if we want a healthier earth and economy.\n\nDoes anyboy have a proper answer?', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/', '14lxndp', [['u/PerpetuaLibertas', 55, '2023-06-29 09:19', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/jpyrnzj/', 'They won’t be lost, they will be put to a more productive use. Cheap money, high time preference and artificially low interest rates cause mal investment and overconsumption of resources. \n\nUnder a sound monetary standard where capital accumulation is taken place, the time preference of society goes down, resources are more carefully invested in what is really more productive for the long term and for everyone.\n\nThis also causes people to be more conscious about their consumption, delaying present gratification in exchange for a more abundant future.', '14lxndp'], ['u/Blazers9', 40, '2023-06-29 09:35', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/jpysuf9/', "If you really want to delve into this concept on a deeper level saifedean does an amazing job of explaining it in principles of economics. Human time is the ultimate scarcity which is the foundation of all other scarcities. \n\nFor example sure there is theoretically a finite amount of any precious metal contained on planet earth but this is not the scarcity that limits it's production as the quantities available are more than humans could mine or consume in hundreds of thousands of years. So what actually controls the scarcity of these precious metals or anything else is how much time humans dedicate to acquiring them. Their scarcity can be best described as relative scarcity because they are only scarce in regards to the opportunity cost of producing them in relation to other assets.\n\nSince man through his superior intellect will always use reason to envision a better future man will want to produce and provide for this future. As human time is the foundational scarcity which all other scarcities are based on we will always have use for human time and never run out of jobs. Human time will just be directed to it's next most productive use as human reason will always compel us to believe that our situation can be improved.\n\n TLDR: Since assets and materials are not practically scarce we will always find use for scarce human time to produce these assets as man always aims to improve his condition.", '14lxndp'], ['u/theOGlib', 19, '2023-06-29 11:19', 'https://www.reddit.com/r/Bitcoin/comments/14lxndp/will_we_lose_jobs_in_a_bitcoin_standard/jpz0a5y/', 'This guy bitcoin standards.', '14lxndp']]], ['u/LetMeSellYaMyPokeman', "Realized I might have scared off a few folks by not having pictures...here's the collection. Didn't want to ever do this, but I'm now trying to sell. Fck cancer, man.", 30, '2023-06-29 09:09', 'https://www.reddit.com/r/pokemoncardcollectors/comments/14ly0a9/realized_i_might_have_scared_off_a_few_folks_by/', 'I don\'t blame anyone if they were skeptical or apprehensive about a random message/comment basically saying "ohai I HaVe eVeRy gEn 1 sEt 99% cOmPlEtE, aNd a bUnCh oF VeRy rArE PrOmOs aNd jApAnEsE CaRdS wAnNa BuY \'eM PLZZZ?!" without any pictures lol...I\'m still working on making a spreadsheet/list of every card here...but since I\'ve made peace with the reality that these have to go, at this point I would just love it if the right buyer sees the value of what I\'m offering so I don\'t have to deal with imgur or excel ever again.\n\n[Here they are, these were all collected between 1998-2002](https://imgur.com/user/letmesellyoumypokemans/posts).and include tons of extras, holo and rare copies, etc. Please, take your time and browse at your earliest convenience :-) I\'m trying to sell ASAP\n\n\\EDIT: imgur is being a pain in the butt and posts on my main page aren\'t refreshing...so here are the links to the separate sets and binders\n\n[\\-Base Set (Unlimited, 100%)](https://imgur.com/gallery/2U0UWey)\n\n[\\-Jungle (Unlimited, 100%)](https://imgur.com/gallery/vKxrCOH)\n\n[\\-Fossil (Unlimited, 100%)](https://imgur.com/gallery/KPDUyG3)\n\n[\\-\\[2\\] Team Rocket (1st Edition, 90%/Unlimited, 100%)](https://imgur.com/gallery/9QJPcuw)\n\n[\\-Base Set 2 (Unlimited, 100%)](https://imgur.com/gallery/sfBpNmT)\n\n[\\-Gym Heroes (Unlimited, 100%)](https://imgur.com/gallery/fvQratL)\n\n[\\-\\[2\\] Gym Challenge (Unlimited, 95%/1st Edition 90%)](https://imgur.com/gallery/SWUwiKX)\n\n(EVERYTHING ELSE)-Neo Genesis/Neo Discovery/Black Star Promos/Misc JP (Set-wise, very incomplete since I ended up migrating to Yu-Gi-Oh midway through the Neo sets haha...[I was trying to get both Japanese and English versions side by side but I ended up gaining MUCH more interest in the Japanese Holos than ENG ones](https://imgur.com/gallery/1KVrOjU). I also made a separate ["Japanese Pokedex" collection where I tried to get every Japanese card I could](https://imgur.com/gallery/AePKYyL) get my hands on, as well as a 43 [Black Star Promos](https://imgur.com/gallery/EDOumYn). Theres some gems in these, IMO!\n\nMy ideal situation would be a trusted local South Florida buyer who wants the whole lot for 1BTC but I know that\'s unlikely....but luckily, Florida Supercon is this weekend so I\'m hoping for a miracle. Fuck cancer, man.', 'https://www.reddit.com/r/pokemoncardcollectors/comments/14ly0a9/realized_i_might_have_scared_off_a_few_folks_by/', '14ly0a9', [['u/BigBearSteve2', 10, '2023-06-29 13:21', 'https://www.reddit.com/r/pokemoncardcollectors/comments/14ly0a9/realized_i_might_have_scared_off_a_few_folks_by/jpza8uu/', '1. I’m sorry for your diagnosis. Good luck in your treatment and stay strong. \n\n2. You should sell on /r/pkmntcgtrades but make sure you follow all of the guidelines to a T as they have zero wiggle room. (Time stamp with subreddit name, your username, and pics of the collection. Correct formatting of post title)', '14ly0a9']]], ['u/diwalost', 'Cathie Wood’s Ark Amends Bitcoin Spot ETF Application To Copy BlackRock', 110, '2023-06-29 10:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/', 'Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month.', 'https://cryptopotato.com/cathie-woods-ark-amends-bitcoin-spot-etf-application-to-copy-blackrock/', '14lyy74', [['u/Roberto9410', 32, '2023-06-29 10:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/jpyw4l0/', 'The scenes when Ark is denied and blackrock approved', '14lyy74'], ['u/jam-hay', 16, '2023-06-29 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/jpyyr3t/', 'They should really approve a spot Bitcoin ETF already.', '14lyy74'], ['u/Arcosim', 14, '2023-06-29 12:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14lyy74/cathie_woods_ark_amends_bitcoin_spot_etf/jpz6pkx/', "It takes 7 to 9 months average, but we already know how it's going to end. BlackRock and Fidelity get approved, the rest get rejected.", '14lyy74']]], ['u/PrincipleFirst', 'Current elites knows how to create recessions & depressions across the world.squeeze the liquidity off the common people & buy hard assets … create inflation within economy and raise the price… Doesn’t matter what we hold , they know how to take it back …even your BTC', 77, '2023-06-29 11:23', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/', 'If you want to keep your BTC, you should return to farming … grow your own food … make your own living ✌️', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/', '14m09sz', [['u/Sure_Contribution962', 39, '2023-06-29 11:29', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpz10bg/', "Right! I go back to farming in my home I can't buy, thanks!", '14m09sz'], ['u/PrincipleFirst', 10, '2023-06-29 11:36', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpz1k7a/', 'Yes man … if you make enough money to own a farm … start it on the side …do your regular job as well … keep the farm as your backup … hoard as much BTC ✌️🫶🏽', '14m09sz'], ['u/Connect-Ad-1088', 10, '2023-06-29 15:01', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpzl5bh/', 'not a reality for the vast number of people in this world.', '14m09sz'], ['u/LarryBLumpkin', 45, '2023-06-29 16:02', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jpzt4f9/', "I'd wager this OP hasn't tried farming for survival.", '14m09sz'], ['u/Raverrevolution', 25, '2023-06-29 16:57', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jq015c9/', "Here's what you do!!\n\n1)Have 10% of your money in the bank, 90% in Bitcoin. Have enough 10% to survive and pay bills.\n\n2)Do not be in debt or if you have debt make it debt that can be paid off in full with that 10% in the bank.\n\n3)Simplify life. Don't eat a feast every night, install a bidet so you don't use toilet paper more often, buy certain groceries from the $1 store, eat more nutritious, but affordable food. Learn to cook.\n\n4)Exercise often to avoid ailments caused by food, stress, etc. You don't want to be on pills or medication for shit that could be solved by eating right and not being fat.\n\n5)When inflation goes up to a crazy amount then hopefully your held bitcoin will too so dipping in it as an emergency fund shouldn't be too bad.\n\n6)Survive the best you can. Sooner or later the elites will figure out bitcoin and buy a fuckload of it. Banks will buy and change people's bank accounts to it. When that happens you'll be good.", '14m09sz'], ['u/PatrickVolcano', 16, '2023-06-29 17:00', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jq01oab/', 'It’s usually only people who have only farmed tokens that advise others to buy a farm and live off the land. Farming is tough work, in all kinds of seasons. Anyone who has ever had to get up every day and milk cows would advise you to stay well away from it.', '14m09sz'], ['u/po00on', 39, '2023-06-29 17:32', 'https://www.reddit.com/r/Bitcoin/comments/14m09sz/current_elites_knows_how_to_create_recessions/jq06mp4/', 'Yes.. because elites have never stolen land before.... \n\n\nBitcoin is actually one of the first things they may struggle to steal...', '14m09sz']]], ['u/vinibarbosa', 'Nano ranked as the second most mentioned coin on Reddit (JUN/28)', 113, '2023-06-29 11:25', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/', "Yesterday, nano [ranked](https://www.redditcoins.app/) as the second most mentioned coin o Reddit\n\nGoing right after BTC, with 408 mentions, for a +2,167% change in the 24 hours before this data was collected (JUN/28).\n\nThis happened right after a highly upvoted post on CryptoCurrency (subreddit) got front page, being the top voted thread of the day (JUN/27) with over 950 upvotes, and over 1k comments.\n\nThe post was talking about nano's utility — by [u/OneThatNoseOne](https://www.reddit.com/user/OneThatNoseOne/)\n\nHere is a 'np' link, for you to check → [https://np.reddit.com/r/CryptoCurrency/comments/14kazgd/nano\\_with\\_zero\\_gas\\_fees\\_is\\_a\\_prime\\_example\\_of\\_how/](https://www.reddit.com/r/CryptoCurrency/comments/14kazgd/nano_with_zero_gas_fees_is_a_prime_example_of_how/?utm_source=share&utm_medium=web2x&context=3)\n\nThere were side discussions later, which might have helped to increase our mention's count.\n\nhttps://preview.redd.it/3h7sf2hkcx8b1.png?width=1367&format=png&auto=webp&v=enabled&s=3ee5df162dd909419cf6ad5f54bec13fff84789c\n\nI'm already noticing more “online members” than usual here at this sub (top 1%, ranked by size, on Reddit), which is also something great to see!\n\nhttps://preview.redd.it/459wp2xddx8b1.png?width=530&format=png&auto=webp&v=enabled&s=0913a1d70ba3864b13e7895cd9b7349139adcb17\n\n", 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/', '14m0b5s', [['u/yap-rai', 27, '2023-06-29 11:45', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpz27bq/', 'Lovely news to kick off the day!', '14m0b5s'], ['u/UsedTeabagger', 46, '2023-06-29 12:33', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpz5ydo/', 'OP of the original post is now banned on r/CC, I see\n\n\nI wonder why', '14m0b5s'], ['u/UE4Gen', 22, '2023-06-29 12:47', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpz74bc/', 'It was interesting to me to see how many were misinformed, I think the post did a good job of educating the community and pushing them to actually care about utility or at the very least research it.\n\nShame it got banned (for literally nothing)', '14m0b5s'], ['u/waynes_word2011', 26, '2023-06-29 13:57', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpzdrth/', 'Interesting that the post remains but the user is banned though. \n\nu/OneThatNoseOne well done on the post btw. I haven’t seen that much activity for Nano in a long time. I’m curious to know why you have now been banned though? If your kind enough to share', '14m0b5s'], ['u/NanoYoBusiness', 12, '2023-06-29 14:04', 'https://www.reddit.com/r/nanocurrency/comments/14m0b5s/nano_ranked_as_the_second_most_mentioned_coin_on/jpzelkw/', "He mentioned to me that he believes he somehow got flagged for spam unrelated to the Nano thread, he's currently trying to get it worked out with the mods", '14m0b5s']]], ['u/Rajang7', 'Bitcoin will be examined as an hedge against inflation by the North Carolina House', 434, '2023-06-29 11:39', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/', 'Point (Ii) of the document.\n\nAs I was saying the other day: maybe, just maybe...\n https://www.reddit.com/r/Bitcoin/comments/14kay76/bitcoin_reached_new_all_time_high_against/', 'https://i.redd.it/c5fzjxefgx8b1.png', '14m0ju3', [['u/CryptoChump89', 57, '2023-06-29 13:12', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpz9cpu/', "The dominos are all going to continue falling one by one. It's going to be a wild ride.", '14m0ju3'], ['u/WhoRDU', 23, '2023-06-29 13:28', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpzaunr/', 'It says “virtual currency” but I’ll take this as a WIN!', '14m0ju3'], ['u/FairBlamer', 14, '2023-06-29 14:07', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpzetzd/', 'Usually it stops there, but this one says “such as Bitcoin”', '14m0ju3'], ['u/ClotworthyChute', 16, '2023-06-29 14:34', 'https://www.reddit.com/r/Bitcoin/comments/14m0ju3/bitcoin_will_be_examined_as_an_hedge_against/jpzhw82/', 'Very interesting that this is happening in the state where the headquarters of Bank of America is located. Central banks may soon be on the defense.', '14m0ju3']]], ['u/StageLongjumping9437', 'Two books that contextualize the AI hype', 29, '2023-06-29 14:13', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/', '1. Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert Shiller \n\n2. Dot.Con: How America Lost Its Mind and Money in the Internet Era by John Cassidy\n\nA few days back, someone posted about AI stocks and value investing, as though there was a value angle to AI stocks, so I wanted to give these two books as resources in the event that anyone wished to explore the topic further. \n\nShiller gives a general overview of how narratives impact the behavior of financial market participants, providing examples that range from the craze of the 1920s to Bitcoin, whereas Cassidy is specifically focused on the Dot-Com Bubble. The general lessons that emerge from these books: \n\n1. When narratives hype new technologies or business strategies, there is a propensity for market participants to disregard valuation sensibilities. For example, stocks will trade at 50, 100, even 200 times earnings. Some will trade at commensurate P/S ratios, as they don’t have any earnings. \n\n2. On the grounds that the technology and innovation are so profoundly disruptive as to be unlike any previous moment in history, analysts and pundits will rationalize these outrageous valuations. \n\n3. The hype is so pronounced and all-consuming that these rationalizations are widely believed, and doubting them seems tantamount to denying the future. \n\n4. Many companies will rebrand to capitalize on the hype, even if their company is wholly unrelated to the prevailing narrative. (This point is mostly from Cassidy.) \n\n5. The irrationality of the boom—the valuations, the growth projections, the funds lavished on unprofitable businesses—is, for most, only visible in retrospect, that is, once the boom goes bust and speculation yields to sobriety. (Again, Cassidy.) \n\nIn brief, when narratives hype technology, related stocks will trade at high valuations, which is not reconcilable with the principles of value investing. In fact, the value investor is inclined to see such flights of fancy as pure speculation, as antithetical to prudent investment decisions.', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/', '14m3ezh', [['u/SinxHatesYou', 14, '2023-06-29 14:47', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/jpzjcb0/', "I feel everything you said could be addressed with not going outside your Circle of Confidence. Most people don't have a clue how AI will be disruptive, just that it will be disruptive. You need to know how it's going to be disruptive to make money off of it, and not fall for the hype.", '14m3ezh'], ['u/StageLongjumping9437', 22, '2023-06-29 14:50', 'https://www.reddit.com/r/ValueInvesting/comments/14m3ezh/two_books_that_contextualize_the_ai_hype/jpzjqt0/', 'But I wanted to sound more verbose and pretentious', '14m3ezh']]], ['u/Pattmalka', 'Received 6 of 6 transfers. The last one (BTC) came through yesterday afternoon.', 34, '2023-06-29 14:22', 'https://www.reddit.com/r/Invest_Voyager/comments/14m3m68/received_6_of_6_transfers_the_last_one_btc_came/', "BTC was my first and biggest transfer off of Voyager. Of course it took the longest because it wouldn't be the Voyager customer experience otherwise. ", 'https://www.reddit.com/r/Invest_Voyager/comments/14m3m68/received_6_of_6_transfers_the_last_one_btc_came/', '14m3m68', [['u/Puzzleheaded_Curve26', 23, '2023-06-29 15:55', 'https://www.reddit.com/r/Invest_Voyager/comments/14m3m68/received_6_of_6_transfers_the_last_one_btc_came/jpzs80u/', 'I still haven’t received mine and I did Friday', '14m3m68']]], ['u/Expeditious_Potato', 'Is Puerto Rico getting so depopulated that there are enough abandoned/available homes or are ACT 60 investors gobbling up everything from Vieques to Mona? Which one is it?', 57, '2023-06-29 14:29', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/', 'Al parecer este sub esta dividido entre los que dicen que el inventario de casas abandonadas es tan grande que no hace falta nueva construcción y otros dicen que Los Bitcoineros y sus secuaces Euro-Americanos están acabando con todo.\n\nCual es?\n\nDecídanse!', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/', '14m3rhb', [['u/elRobRex', 18, '2023-06-29 15:01', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/jpzl2ya/', 'Both are right. \n\n20/22/60 investors have impacted market conditions due to their many property purchases, which has caused prices to spike on properties. While on the flipside, many of the abandoned properties either still have an owner or are tied up in decades long inheritance lawsuits.', '14m3rhb'], ['u/i-hoatzin', 10, '2023-06-29 17:44', 'https://www.reddit.com/r/PuertoRico/comments/14m3rhb/is_puerto_rico_getting_so_depopulated_that_there/jq08jj5/', '![gif](giphy\|8lp6CW7K2fdDGn3xCQ)', '14m3rhb']]], ['u/FearlessEggplant3036', 'How does Binance trade over a million BCH per day on 1 spot pair, and over 10M-15M on their futures, when they barely hold 400k BCH in cold storage? Coinbase has 1.5M BCH and has way less volume.', 32, '2023-06-29 16:26', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/', 'Coinbase cold storage new wallet 1.5M+ Coins: https://bitinfocharts.com/bitcoin%20cash/address/1PUwPCNqKiC6La8wtbJEAhnBvtc8gdw19h\n\nBinance BCH wallet:\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/19dQkvaH2NGgkGomzZu3qrnqRGCicXwedM\n\n Binance cold storage:\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/1P86nZCNWUiynP52AK2eTuTGZXYUTwX6qQ', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/', '14m6es0', [['u/FearlessEggplant3036', 10, '2023-06-29 16:28', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jpzwwj3/', 'They could be running on fractional like FTX, and only need BCH at the time of withdrawal. The onchain data seems to provide evidence that this is so. \n\nDont keep your money on Binance as they might go bust and you will get only some of your money (pennies per dollar) in a decade same as MTGox/FTX/Celsius creditors.\n\n\nLearn from history. Dont be stupid! Custody your own funds, but if you cant, then at least use real exchanges like coinbase that actually back assets 1:1. \n\nBinance is an insider trading (CFTC and SEC have lawsuits against them for this) bucketshop, likely on fractional reserves (they were caught already operating on fractional reserves by the US government and as a result BUSD was forced to shut down).\n\nSEC lawsuit: https://www.sec.gov/news/press-release/2023-101\n\nCFTC lawsuit: https://www.cftc.gov/PressRoom/PressReleases/8680-23\n\nNew York State Department of Financial Services (NYDFS) shuts down BUSD: https://www.dfs.ny.gov/consumers/alerts/Paxos_and_Binance\n\nEdit: They likely are relying on whales and market makers arbitraging their futures contracts to spot for some yield in compensation. But this is akin to lending on USTerra/Celsius/FTX/Coinflex, you get some pennies, but your entire capital can disappear.', '14m6es0'], ['u/Twoehy', 19, '2023-06-29 16:39', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jpzyhgm/', 'The secret ingredient is crime.', '14m6es0'], ['u/2q_x', 12, '2023-06-29 17:06', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq02lt5/', "Wash trading is the practice of one party trading with themselves. It is a form of self-dealing which is prohibited in some jurisdictions, but not others. \n\nReported volume on exchanges where wash trading is not prohibited means: nothing. \n\nWash trades do not provide any evidence for anything, except wash trading.\n\nIt's not evidence of manipulation. It's not evidence of fractional reserves. It's not evidence that the exchange has a good (or deep) market. \n\nWash volume means NOTHING. Period. They can essentially report any number they like. It could be a million customers or just the exchange themselves trading.", '14m6es0'], ['u/shadowmage666', 25, '2023-06-29 17:17', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq046hd/', 'Bots trading. The volume has nothing to do with the amount they hold. If you have ten apples and we trade one apple back and forth 100 times, does that mean we had 100 apples? No.', '14m6es0'], ['u/saylor_moon', 12, '2023-06-29 17:35', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq06zoa/', "Around 200K of the BCH in Binance cold storage apparently came from Coinloan. When the Coinloan bankruptcy gets resolved, that 200K BCH will probably all get sold or withdrawn at once.\n\nKnowing that a big withdrawal is coming, Binance has to hold on to that reserve, they can't risk shorting it or loaning it out.", '14m6es0'], ['u/MaxMoney2021', 13, '2023-06-29 18:01', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq0b4nb/', 'It’s like comparing apples 🍎 and oranges 🍊 \nBut just to be safe FUCK Binance 😁', '14m6es0'], ['u/ThatBCHGuy', 12, '2023-06-29 18:45', 'https://www.reddit.com/r/btc/comments/14m6es0/how_does_binance_trade_over_a_million_bch_per_day/jq0i4tt/', "I personally use Gemini and haven't had any issues, but I only buy and withdraw as soon as the fiat clears. Treat those CEXs like toilets, get in do what you gotta do and get out.", '14m6es0']]], ['u/MrKetogen', 'Fahrenheit expects a 2.64X ROI. Ive lowered my expectation to 2X. Here’s what that looks like for me:', 41, '2023-06-29 19:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/14mabf6/fahrenheit_expects_a_264x_roi_ive_lowered_my/', '36.4% back now in USD + \n33.3% stock in NewCo +\nX% of litigation\n\n———\n\nIf NewCo value 2X in 5 years \n(20% AGR after mgmt fee) that doubles stock value\n\nAnd if litigation eventually distributes 4%\n\n———\n\n36.4% USD +\n66.6% stock +\n4% litigation\n\n———\n\n103% present value back in 5 years.\n\n*For accountability, I want to see an expectations framework published by Fahrenheit and listed in the operating plan that defines a “Point of Failure” with exit plan. Example: If operations are less than 20% AGR after management fees, in 2 years, BnKToTheFuture automatically manages a controlled (periodic distribution) liquidation at 90% lesser fee than BRIC, while staking part of the present assets to ward against inflation (during distribution).\n\nNote: BnkToTheFuture offered to manage liquidation (for free) over a year ago. Now, BRIC wants heavy fees while lawyers are bleeding us dry each month. \n\nI don’t have a sell, but if Earn tries to achieve perfection in a legal battle, lawyer fees will keep lowering our take home %. We cannot keep majoring in the minors. If we liquidate now, we become long-term losers. \n\nIf we take action now, execute the business model, expect returns by a certain timeline, and, as shareholders (no longer creditors), have a framework for accountabili... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDP grew faster than expected in the first quarter and initial jobless claims came in at less than expected. Also, asset manager Fidelity Investments on Thursday filed to offer a spot Bitcoin exchange-traded fund (ETF). All top 10 cryptos rise Bitcoin climbed 1.05% to US$30,453 over the last 24 hours to 6:40 a.m. in Hong Kong, according to data from CoinMarketCap. The world\x92s largest cryptocurrency by market capitalization is up 1.43% over the past seven days. Ether rose 1.28% to US$1,853, but is down 1.4% for the week. All top 10 non-stablecoin cryptocurrencies traded higher. Solana led the gains on a 12.35% jump and a 7.56% weekly gain. This despite the Thursday announcement from Cardinal, a Solana non-fungible token (NFT) protocol, that it will be winding down operations due to what it called a challenging macroeconomic environment. Cardinal tweeted on Thursday that the team will disable new deposit instructions on July 19 and cease operations on features including staking and new NFT rentals. Elsewhere, Fidelity has refiled an application for a spot Bitcoin ETF. The Thursday filing with the Securities and Exchange Commission (SEC) shows that the COBE exchange has proposed to list and trade shares of the Wise Origin Bitcoin Trust. The SEC rejected a Bitcoin ETF application from Fidelity in 2021. Fidelity\x92s move follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, including BlackRock , WisdomTree , Invesco and Bitwise, indicating institutions are confident in the profit potential of digital assets and demand. \x93To this point, the lack of a spot Bitcoin ETP exposes U.S. investor assets to significant risk because investors that would otherwise seek crypto asset exposure through a spot Bitcoin ETP are forced to find alternative exposure through generally riskier means,\x94 the Fidelity filing said. Story continues On Wednesday, investment management fund ARK Invest also filed an amendment to its April application for a spot Bitcoin ETF. The total cryptocurrency market cap rose 1.24% to US$1.17 trillion, with trading volume dropping 12.22% to US$29.96 billion, according to CoinMarketCap data. Long-term Azuki collectors sell out The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the NFT market, the Forkast 500 NFT index dipped 0.79% to 2,852.82 in the 24 hours to 10:00 a.m. in Hong Kong. The index is down 1.79% for the week. NFT trading volume on Ethereum dropped 19.79% to US$20.87 million over the past 24 hours, while volume on the Bitcoin network rose 357.82% to US$13.38 million, according to CryptoSlam data . Sales of Uncategorized Ordinals \x97 CryptoSlam\x92s category of Bitcoin Ordinals that are not part of one established collection \x97 rose 7.22% to US$9.25 million, making it the most-sold collection in the past day. Solana-based SMB Barrel Raffle , which started public minting on Thursday, saw the second-largest daily volume of US$5.1 million. Trading volume of Azuki Elementals dropped 46.5% to US$2.95 million, and the original Azuki collection saw a 7.76% drop to US$2.79 million. While the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were \x93angry\x94 as the new NFTs looked almost identical to the original Azuki collection, according to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That could potentially devalue the NFT collection as a whole, he said. \x93Tonight [on Thursday] the founder of Azuki, Zagabond, is meeting with the community to discuss the week\x92s mint, and likely address concerns,\x94 Petscher said. According to data analytics firm Nansen on Twitter on Thursday: \x93Azuki and Beanz collectors that have held for over 1 year have been selling their NFTs post-Elementals mint.\x94 Meanwhile, art auction house Sotheby\x92s plans to launch a new generative art program, or work generated from algorithms. That will be in partnership with Art Blocks , which powers generative minting technology to brands and artists, according to a Wednesday statement shared with Forkast via email. \x93This will allow generative art long form collections to be minted right on Sotheby\x92s own platform,\x94 Petscher said. \x93Generative art is really beginning to spread its wings following the sale of \x91The Goose\x92 \x97 The Ringers #879 \x97 for US$5.4 million (US$6.2 million with fees) on June 15.\x94 China\x92s economy contracts for third month A steel factory oin Nantong, Jiangsu Province of China. Image: Getty Images Asia equity markets were mixed on the last day of the quarter as investors assessed fresh economic data from the U.S. and China. U.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures climbed 0.08%, and Nasdaq Futures added 0.19%. U.S. economic growth expanded faster than estimated in the first quarter, according to official data released Thursday. In the first quarter, the country\x92s gross domestic product (GDP) rose by an annualized rate of 2%, up from the previously estimated 1.3%. The amount of initial jobless claims in the U.S. dropped by 26,000 to 239,000 for the week ended June 24, the largest decrease since October 2021. The robust economic showing in the U.S. wasn\x92t repeated in China, where the country\x92s manufacturing activity contracted in June for the third month, the National Bureau of Statistics said Friday. The official manufacturing purchasing managers\x92 index came in at 49.0 for the month, compared to 48.8 in May. A reading below 50 indicates contraction. Chinese Premier Li Qiang said on Tuesday that China was still on track to meet its 5% annual growth target. Investors, however, still need to contend with more interest rate hikes this year in the world\x92s biggest economy. U.S. Fed Chair Jerome Powell has repeatedly said the Fed may raise rates at the next two meetings and repeated that message at a central bank gathering in Portugal this week. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 86.8% chance for a 25-basis-point rate hike at the Fed\x92s next meeting on July 26. It predicts a 13.2% chance the Fed will leave rates unchanged. (Updates to add equities section.)', 'Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDPgrewfaster than expected in the first quarter and initialjobless claimscame in at less than expected. Also, asset manager Fidelity Investments on Thursdayfiledto offer a spot Bitcoin exchange-traded fund (ETF).\nBitcoin climbed 1.05% to US$30,453 over the last 24 hours to 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 1.43% over the past seven days.\nEther rose 1.28% to US$1,853, but is down 1.4% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher. Solana led the gains on a 12.35% jump and a 7.56% weekly gain. This despite the Thursday announcement from Cardinal, a Solana non-fungible token (NFT) protocol, that it will be winding down operations due to what it called a challenging macroeconomic environment.\nCardinaltweetedon Thursday that the team will disable new deposit instructions on July 19 and cease operations on features including staking and new NFT rentals.\nElsewhere, Fidelity has refiled an application for a spot Bitcoin ETF. The Thursdayfilingwith the Securities and Exchange Commission (SEC) shows that the COBE exchange hasproposedto list and trade shares of the Wise Origin Bitcoin Trust. The SEC rejected a Bitcoin ETF application from Fidelity in 2021.\nFidelity’s move follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential of digital assets and demand.\n“To this point, the lack of a spot Bitcoin ETP exposes U.S. investor assets to significant risk because investors that would otherwise seek crypto asset exposure through a spot Bitcoin ETP are forced to find alternative exposure through generally riskier means,” the Fidelity filing said.\nOn Wednesday, investment management fund ARK Invest alsofiledan amendment to its April application for a spot Bitcoin ETF.\nThe total cryptocurrency market cap rose 1.24% to US$1.17 trillion, with trading volume dropping 12.22% to US$29.96 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 10:00 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 19.79% to US$20.87 million over the past 24 hours, while volume on the Bitcoin network rose 357.82% to US$13.38 million, according to CryptoSlamdata.\nSales of Uncategorized Ordinals — CryptoSlam’s category of Bitcoin Ordinals that are not part of one established collection — rose 7.22% to US$9.25 million, making it the most-sold collection in the past day.\nSolana-basedSMB Barrel Raffle, which started public minting on Thursday, saw the second-largest daily volume of US$5.1 million.\nTrading volume of Azuki Elementals dropped 46.5% to US$2.95 million, and the original Azuki collection saw a 7.76% drop to US$2.79 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection, according to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That could potentially devalue the NFT collection as a whole, he said.\n“Tonight [on Thursday] the founder of Azuki, Zagabond, ismeetingwith the community to discuss the week’s mint, and likely address concerns,” Petscher said.\nAccording to data analytics firm Nansen onTwitteron Thursday: “Azuki andBeanzcollectors that have held for over 1 year have been selling their NFTs post-Elementals mint.”\nMeanwhile, art auction house Sotheby’s plans to launch a new generative art program, or work generated from algorithms. That will be in partnership withArt Blocks, which powers generative minting technology to brands and artists, according to a Wednesday statement shared with Forkast via email.\n“This will allow generative art long form collections to be minted right on Sotheby’s own platform,” Petscher said. “Generative art is really beginning to spread its wings following the sale of‘The Goose’— The Ringers #879 — for US$5.4 million (US$6.2 million with fees) on June 15.”\nAsia equity markets were mixed on the last day of the quarter as investors assessed fresh economic data from the U.S. and China.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures climbed 0.08%, and Nasdaq Futures added 0.19%.\nU.S. economic growthexpanded fasterthan estimated in the first quarter, according to official data released Thursday. In the first quarter, the country’s gross domestic product (GDP) rose by an annualized rate of 2%, up from the previously estimated 1.3%.\nThe amount of initial jobless claims in the U.S.droppedby 26,000 to 239,000 for the week ended June 24, the largest decrease since October 2021.\nThe robust economic showing in the U.S. wasn’t repeated in China, where the country’s manufacturing activity contracted in June for the third month, the National Bureau of StatisticssaidFriday. The official manufacturing purchasing managers’ index came in at 49.0 for the month, compared to 48.8 in May. A reading below 50 indicates contraction.\nChinese Premier Li Qiangsaidon Tuesday that China was still on track to meet its 5% annual growth target.\nInvestors, however, still need to contend with more interest rate hikes this year in the world’s biggest economy. U.S. Fed Chair Jerome Powell has repeatedlysaidthe Fed may raise rates at the next two meetings and repeated that message at a central bank gathering in Portugal this week.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 86.8% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26. It predicts a 13.2% chance the Fed will leave rates unchanged.\n(Updates to add equities section.)', 'Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDPgrewfaster than expected in the first quarter and initialjobless claimscame in at less than expected. Also, asset manager Fidelity Investments on Thursdayfiledto offer a spot Bitcoin exchange-traded fund (ETF).\nBitcoin climbed 1.05% to US$30,453 over the last 24 hours to 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 1.43% over the past seven days.\nEther rose 1.28% to US$1,853, but is down 1.4% for the week.\nAll top 10 non-stablecoin cryptocurrencies traded higher. Solana led the gains on a 12.35% jump and a 7.56% weekly gain. This despite the Thursday announcement from Cardinal, a Solana non-fungible token (NFT) protocol, that it will be winding down operations due to what it called a challenging macroeconomic environment.\nCardinaltweetedon Thursday that the team will disable new deposit instructions on July 19 and cease operations on features including staking and new NFT rentals.\nElsewhere, Fidelity has refiled an application for a spot Bitcoin ETF. The Thursdayfilingwith the Securities and Exchange Commission (SEC) shows that the COBE exchange hasproposedto list and trade shares of the Wise Origin Bitcoin Trust. The SEC rejected a Bitcoin ETF application from Fidelity in 2021.\nFidelity’s move follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, includingBlackRock,WisdomTree, Invesco and Bitwise, indicating institutions are confident in the profit potential of digital assets and demand.\n“To this point, the lack of a spot Bitcoin ETP exposes U.S. investor assets to significant risk because investors that would otherwise seek crypto asset exposure through a spot Bitcoin ETP are forced to find alternative exposure through generally riskier means,” the Fidelity filing said.\nOn Wednesday, investment management fund ARK Invest alsofiledan amendment to its April application for a spot Bitcoin ETF.\nThe total cryptocurrency market cap rose 1.24% to US$1.17 trillion, with trading volume dropping 12.22% to US$29.96 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the NFT market, theForkast 500 NFT indexdipped 0.79% to 2,852.82 in the 24 hours to 10:00 a.m. in Hong Kong. The index is down 1.79% for the week.\nNFT trading volume on Ethereum dropped 19.79% to US$20.87 million over the past 24 hours, while volume on the Bitcoin network rose 357.82% to US$13.38 million, according to CryptoSlamdata.\nSales of Uncategorized Ordinals — CryptoSlam’s category of Bitcoin Ordinals that are not part of one established collection — rose 7.22% to US$9.25 million, making it the most-sold collection in the past day.\nSolana-basedSMB Barrel Raffle, which started public minting on Thursday, saw the second-largest daily volume of US$5.1 million.\nTrading volume of Azuki Elementals dropped 46.5% to US$2.95 million, and the original Azuki collection saw a 7.76% drop to US$2.79 million.\nWhile the new Azuki Elementals sold out its 20,000 NFTs within 15 minutes when it began minting on Tuesday, collectors were “angry” as the new NFTs looked almost identical to the original Azuki collection, according to Yehudah Petscher, NFT strategist at Forkast Labs, the parent company of Forkast.News. That could potentially devalue the NFT collection as a whole, he said.\n“Tonight [on Thursday] the founder of Azuki, Zagabond, ismeetingwith the community to discuss the week’s mint, and likely address concerns,” Petscher said.\nAccording to data analytics firm Nansen onTwitteron Thursday: “Azuki andBeanzcollectors that have held for over 1 year have been selling their NFTs post-Elementals mint.”\nMeanwhile, art auction house Sotheby’s plans to launch a new generative art program, or work generated from algorithms. That will be in partnership withArt Blocks, which powers generative minting technology to brands and artists, according to a Wednesday statement shared with Forkast via email.\n“This will allow generative art long form collections to be minted right on Sotheby’s own platform,” Petscher said. “Generative art is really beginning to spread its wings following the sale of‘The Goose’— The Ringers #879 — for US$5.4 million (US$6.2 million with fees) on June 15.”\nAsia equity markets were mixed on the last day of the quarter as investors assessed fresh economic data from the U.S. and China.\nU.S. stock futures edged higher as of 11:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures climbed 0.08%, and Nasdaq Futures added 0.19%.\nU.S. economic growthexpanded fasterthan estimated in the first quarter, according to official data released Thursday. In the first quarter, the country’s gross domestic product (GDP) rose by an annualized rate of 2%, up from the previously estimated 1.3%.\nThe amount of initial jobless claims in the U.S.droppedby 26,000 to 239,000 for the week ended June 24, the largest decrease since October 2021.\nThe robust economic showing in the U.S. wasn’t repeated in China, where the country’s manufacturing activity contracted in June for the third month, the National Bureau of StatisticssaidFriday. The official manufacturing purchasing managers’ index came in at 49.0 for the month, compared to 48.8 in May. A reading below 50 indicates contraction.\nChinese Premier Li Qiangsaidon Tuesday that China was still on track to meet its 5% annual growth target.\nInvestors, however, still need to contend with more interest rate hikes this year in the world’s biggest economy. U.S. Fed Chair Jerome Powell has repeatedlysaidthe Fed may raise rates at the next two meetings and repeated that message at a central bank gathering in Portugal this week.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Toolpredictsan 86.8% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26. It predicts a 13.2% chance the Fed will leave rates unchanged.\n(Updates to add equities section.)', 'Good morning. Here’s what’s happening: Prices: Bitcoin\'s was holding firm to its perch comfortably above $30K. Other major cryptos were largely in the green. Insights: Bitcoin supply "last active" indicator reflects bullish sentiment about the asset. Prices CoinDesk Market Index (CMI) 1,227 +9.2 ▲ 0.8% Bitcoin (BTC) $30,389 +185.8 ▲ 0.6% Ethereum (ETH) $1,845 +7.3 ▲ 0.4% S&P 500 4,396.44 +19.6 ▲ 0.4% Gold $1,915 +3.0 ▲ 0.2% Nikkei 225 33,234.14 +40.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,227 +9.2 ▲ 0.8% Bitcoin (BTC) $30,389 +185.8 ▲ 0.6% Ethereum (ETH) $1,845 +7.3 ▲ 0.4% S&P 500 4,396.44 +19.6 ▲ 0.4% Gold $1,915 +3.0 ▲ 0.2% Nikkei 225 33,234.14 +40.2 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Brush-Off As Asia markets opened Friday (HKT), bitcoin was trading sideways, largely unmoved by news a few hours earlier that financial services giant Fidelity Investments was refiling an application for a spot bitcoin ETF or unexpectedly strong U.S. economic data. The largest cryptocurrency by market capitalization was recently trading at about $30,400, up 0.6% over the previous 24 hours. Fidelity joined Blackstone, Invesco and WisdomTree, who have filed spot BTC ETF applications with the SEC over the past two weeks. These initiatives have buoyed investors and sent crypto prices higher. “What’s striking to observe is how the digital asset industry continues to rebound from negative news," CJ Reim, co-founder and managing partner at venture capital firm Amity Ventures and a contributor to Core DAO, wrote in an email to CoinDesk. "Despite regulatory uncertainty in the US and notable failures like FTX, we are witnessing global competition for the nascent industry heating up, as well as increasing institutional demand as evidenced by BlackRock’s recent Bitcoin ETF application." Story continues Read More: U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises Ether, the second largest cypto in market value, was recently changing hands at $1,844, also roughly flat from Wednesday, same time. Other major cryptos were largely in the green with SOL, the token of the Solana smart contracts platform, recently soaring more than 14%. As CoinDesk reported Thursday, crypto traders on the Solana blockchain have been following the example of Ethereum’s “ Liquid staking token ” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields through an obtuse, re-leveraging process. The trend\'s emergence follows Drift Protocol ’s Tuesday release of a new service, known as “Super staking,” which packages the entire cycle into a one-click operation. The CoinDesk Market Index , a measure of crypto markets\' performance, was recently up 1.2%. U.S. equity markets largely shrugged off the positive economic data - a revised 2% increase in GDP and decline in weekly jobless claims – that suggested inflation would remain problematic and offered potential support for the Federal Reserve\'s plans to raise interest rates two more times in 2023. Such monetary hawkishness has repeatedly unsettled asset markets over the past year. At the Banco de Espana Fourth Conference on Financial Stability, Fed Chair Jerome Powell noted central bank uncertainty about the appropriate inflationary medicine in the months ahead, although he has suggested in recent weeks that the Fed would raise rates in upcoming months. “Nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a long way to go,” Powell said, adding: “We see the effects of our policy tightening on demand in the most interest rate–sensitive sectors of the economy, particularly housing and investment. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation.” In an email to CoinDesk, Akash Mahendra, director at Haven1 Foundation and portfolio manager at digital wealth platform Yield App, wrote that while the "bitcoin ETF frenzy" was "good news for bitcoin\'s price," the industry\'s success would also depend heavily on innovation. "Endorsement from large institutions is fantastic, and we do all hope that BlackRock’s ETF goes through – not least because rejection would be very, very bad for bitcoin," Mahendra wrote. "However, at its core, blockchain is really a place for innovation beyond what is available in the traditional finance sector." Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +14.8% Smart Contract Platform Gala GALA +3.9% Entertainment Avalanche AVAX +2.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Cosmos ATOM −2.2% Smart Contract Platform Insights Bitcoin Investors Are Comfortable Holding Despite having a reputation for volatility, one bitcoin metric in particular has moved consistently higher, highlighting bitcoin investors’ confidence in the asset, not to mention their propensity to sit on their BTC holdings. Bitcoin supply last active – 2 years (Glassnode) Data from on-chain analytics firm Glassnode shows that bitcoin last active more than two years ago is at an all-time high, despite enduring a frigid bear market that took the price from a high near $70,000 in 2021 to about $16,000 at the start of 2023. Bitcoin is currently trading at about $30,000. Yet more than 55% of bitcoin circulating supply has not moved since 2021, and that percentage reflects a 10% decline over the period. Meanwhile, ConDesk\'s Bitcoin Trend Indicator, another measure of investor sentiment has risen into significant upturn category after spending much of the past few weeks pointed downward. A decline in supply last active would indicate a fundamental shift in investor views towards the asset. So far, investors seem willing to accumulate and hold. Important events. Blockchance 23 (Hamburg, Germany) EU Leaders Summit 9 a.m. HKT/SGT(1 a.m. UTC): China NBS Manufacturing PMI (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Responds to the SEC’s Lawsuit; Unpacking the Bitcoin Cash Rally Coinbase claimed the SEC reached beyond its jurisdiction and violated due process requirements.\xa0This comes as bitcoin cash touched a one-year high earlier this week. Ryan Grace from\xa0tastycrypto shared his crypto markets analysis. Plus, Damus founder Will Casarin\xa0discussed the Bitcoin-friendly social media app\'s recent battle with Apple. And, Six Clovers Co-founder and CEO Jim Nguyen\xa0weighed in on the future of crypto cross-border payments. Headlines Fidelity Refiles for Spot Bitcoin ETF: The refiling for the asset manager\'s previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF. Liquid Staking Frenzy Spreads to Solana as Drift\'s \'Super Stake\' Offers One-Click Leverage: Drift Protocol’s “Super Stake” is a hit among traders trying to get extra yield on their staked SOL tokens. SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response: Coinbase filed an answer to the SEC\'s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction. Lacoste Expands Its NFT Ecosystem With New Rewards: The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations." Apparently It\'s Very Difficult to Custody Crypto: Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry\'s shady mainstream reputation. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy .', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin\'s was holding firm to its perch comfortably above $30K. Other major cryptos were largely in the green.\nInsights:Bitcoin supply "last active" indicator reflects bullish sentiment about the asset.\nCoinDesk Market Index (CMI)\n1,227\n+9.2▲0.8%\nBitcoin (BTC)\n$30,389\n+185.8▲0.6%\nEthereum (ETH)\n$1,845\n+7.3▲0.4%\nS&P 500\n4,396.44\n+19.6▲0.4%\nGold\n$1,915\n+3.0▲0.2%\nNikkei 225\n33,234.14\n+40.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,227", "+9.2\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,389", "+185.8\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+7.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,396.44", "+19.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,915", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,234.14", "+40.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Brush-Off\nAs Asia markets opened Friday (HKT), bitcoin was trading sideways, largely unmoved by news a few hours earlier that financial services giant Fidelity Investments was refiling an application for a spot bitcoin ETF or unexpectedly strong U.S. economic data.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,400, up 0.6% over the previous 24 hours.\nFidelity joined Blackstone, Invesco and WisdomTree, who have filed spot BTC ETF applications with the SEC over the past two weeks. These initiatives have buoyed investors and sent crypto prices higher.\n“What’s striking to observe is how the digital asset industry continues to rebound from negative news," CJ Reim, co-founder and managing partner at venture capital firm Amity Ventures and a contributor to Core DAO, wrote in an email to CoinDesk. "Despite regulatory uncertainty in the US and notable failures like FTX, we are witnessing global competition for the nascent industry heating up, as well as increasing institutional demand as evidenced by BlackRock’s recent Bitcoin ETF application."\nRead More:U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises\nEther, the second largest cypto in market value, was recently changing hands at $1,844, also roughly flat from Wednesday, same time. Other major cryptos were largely in the green with SOL, the token of the Solana smart contracts platform, recently soaring more than 14%.\nAs CoinDeskreportedThursday, crypto traders on the Solana blockchain have been following the example of Ethereum’s “Liquid staking token” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields through an obtuse, re-leveraging process. The trend\'s emergence followsDrift Protocol’s Tuesday release of a new service, known as “Super staking,” which packages the entire cycle into a one-click operation.\nTheCoinDesk Market Index, a measure of crypto markets\' performance, was recently up 1.2%.\nU.S. equity markets largely shrugged off the positive economic data - a revised 2% increase in GDP and decline in weekly jobless claims – that suggested inflation would remain problematic and offered potential support for the Federal Reserve\'s plans to raise interest rates two more times in 2023. Such monetary hawkishness has repeatedly unsettled asset markets over the past year.\nAt the Banco de Espana Fourth Conference on Financial Stability, Fed Chair Jerome Powellnotedcentral bank uncertainty about the appropriate inflationary medicine in the months ahead, although he has suggested in recent weeks that the Fed would raise rates in upcoming months.\n“Nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a long way to go,” Powell said, adding: “We see the effects of our policy tightening on demand in the most interest rate–sensitive sectors of the economy, particularly housing and investment. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation.”\nIn an email to CoinDesk, Akash Mahendra, director at Haven1 Foundation and portfolio manager at digital wealth platform Yield App, wrote that while the "bitcoin ETF frenzy" was "good news for bitcoin\'s price," the industry\'s success would also depend heavily on innovation.\n"Endorsement from large institutions is fantastic, and we do all hope that BlackRock’s ETF goes through – not least because rejection would be very, very bad for bitcoin," Mahendra wrote. "However, at its core, blockchain is really a place for innovation beyond what is available in the traditional finance sector."\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+14.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.9%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Investors Are Comfortable Holding\nDespite having a reputation for volatility, one bitcoin metric in particular has moved consistently higher, highlighting bitcoin investors’ confidence in the asset, not to mention their propensity to sit on their BTC holdings.\nData from on-chain analytics firmGlassnodeshows that bitcoin last active more than two years ago is at an all-time high, despite enduring a frigid bear market that took the price from a high near $70,000 in 2021 to about $16,000 at the start of 2023. Bitcoin is currently trading at about $30,000.\nYet more than 55% of bitcoin circulating supply has not moved since 2021, and that percentage reflects a 10% decline over the period. Meanwhile, ConDesk\'s Bitcoin Trend Indicator, another measure of investor sentiment has risen into significant upturn category after spending much of the past few weeks pointed downward.\nA decline in supply last active would indicate a fundamental shift in investor views towards the asset.\nSo far, investors seem willing to accumulate and hold.\nBlockchance 23(Hamburg, Germany)\nEU Leaders Summit\n9 a.m. HKT/SGT(1 a.m. UTC):China NBS Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Responds to the SEC’s Lawsuit; Unpacking the Bitcoin Cash Rally\nCoinbase claimed the SEC reached beyond its jurisdiction and violated due process requirements.\xa0This comes as bitcoin cash touched a one-year high earlier this week. Ryan Grace from\xa0tastycrypto shared his crypto markets analysis. Plus, Damus founder Will Casarin\xa0discussed the Bitcoin-friendly social media app\'s recent battle with Apple. And, Six Clovers Co-founder and CEO Jim Nguyen\xa0weighed in on the future of crypto cross-border payments.\nFidelity Refiles for Spot Bitcoin ETF:The refiling for the asset manager\'s previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF.\nLiquid Staking Frenzy Spreads to Solana as Drift\'s \'Super Stake\' Offers One-Click Leverage:Drift Protocol’s “Super Stake” is a hit among traders trying to get extra yield on their staked SOL tokens.\nSEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response:Coinbase filed an answer to the SEC\'s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction.\nLacoste Expands Its NFT Ecosystem With New Rewards:The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."\nApparently It\'s Very Difficult to Custody Crypto:Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry\'s shady mainstream reputation.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin\'s was holding firm to its perch comfortably above $30K. Other major cryptos were largely in the green.\nInsights:Bitcoin supply "last active" indicator reflects bullish sentiment about the asset.\nCoinDesk Market Index (CMI)\n1,227\n+9.2▲0.8%\nBitcoin (BTC)\n$30,389\n+185.8▲0.6%\nEthereum (ETH)\n$1,845\n+7.3▲0.4%\nS&P 500\n4,396.44\n+19.6▲0.4%\nGold\n$1,915\n+3.0▲0.2%\nNikkei 225\n33,234.14\n+40.2▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,227", "+9.2\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,389", "+185.8\\u25b20.6%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,845", "+7.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,396.44", "+19.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,915", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,234.14", "+40.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Brush-Off\nAs Asia markets opened Friday (HKT), bitcoin was trading sideways, largely unmoved by news a few hours earlier that financial services giant Fidelity Investments was refiling an application for a spot bitcoin ETF or unexpectedly strong U.S. economic data.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,400, up 0.6% over the previous 24 hours.\nFidelity joined Blackstone, Invesco and WisdomTree, who have filed spot BTC ETF applications with the SEC over the past two weeks. These initiatives have buoyed investors and sent crypto prices higher.\n“What’s striking to observe is how the digital asset industry continues to rebound from negative news," CJ Reim, co-founder and managing partner at venture capital firm Amity Ventures and a contributor to Core DAO, wrote in an email to CoinDesk. "Despite regulatory uncertainty in the US and notable failures like FTX, we are witnessing global competition for the nascent industry heating up, as well as increasing institutional demand as evidenced by BlackRock’s recent Bitcoin ETF application."\nRead More:U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises\nEther, the second largest cypto in market value, was recently changing hands at $1,844, also roughly flat from Wednesday, same time. Other major cryptos were largely in the green with SOL, the token of the Solana smart contracts platform, recently soaring more than 14%.\nAs CoinDeskreportedThursday, crypto traders on the Solana blockchain have been following the example of Ethereum’s “Liquid staking token” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields through an obtuse, re-leveraging process. The trend\'s emergence followsDrift Protocol’s Tuesday release of a new service, known as “Super staking,” which packages the entire cycle into a one-click operation.\nTheCoinDesk Market Index, a measure of crypto markets\' performance, was recently up 1.2%.\nU.S. equity markets largely shrugged off the positive economic data - a revised 2% increase in GDP and decline in weekly jobless claims – that suggested inflation would remain problematic and offered potential support for the Federal Reserve\'s plans to raise interest rates two more times in 2023. Such monetary hawkishness has repeatedly unsettled asset markets over the past year.\nAt the Banco de Espana Fourth Conference on Financial Stability, Fed Chair Jerome Powellnotedcentral bank uncertainty about the appropriate inflationary medicine in the months ahead, although he has suggested in recent weeks that the Fed would raise rates in upcoming months.\n“Nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a long way to go,” Powell said, adding: “We see the effects of our policy tightening on demand in the most interest rate–sensitive sectors of the economy, particularly housing and investment. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation.”\nIn an email to CoinDesk, Akash Mahendra, director at Haven1 Foundation and portfolio manager at digital wealth platform Yield App, wrote that while the "bitcoin ETF frenzy" was "good news for bitcoin\'s price," the industry\'s success would also depend heavily on innovation.\n"Endorsement from large institutions is fantastic, and we do all hope that BlackRock’s ETF goes through – not least because rejection would be very, very bad for bitcoin," Mahendra wrote. "However, at its core, blockchain is really a place for innovation beyond what is available in the traditional finance sector."\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+14.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.9%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Investors Are Comfortable Holding\nDespite having a reputation for volatility, one bitcoin metric in particular has moved consistently higher, highlighting bitcoin investors’ confidence in the asset, not to mention their propensity to sit on their BTC holdings.\nData from on-chain analytics firmGlassnodeshows that bitcoin last active more than two years ago is at an all-time high, despite enduring a frigid bear market that took the price from a high near $70,000 in 2021 to about $16,000 at the start of 2023. Bitcoin is currently trading at about $30,000.\nYet more than 55% of bitcoin circulating supply has not moved since 2021, and that percentage reflects a 10% decline over the period. Meanwhile, ConDesk\'s Bitcoin Trend Indicator, another measure of investor sentiment has risen into significant upturn category after spending much of the past few weeks pointed downward.\nA decline in supply last active would indicate a fundamental shift in investor views towards the asset.\nSo far, investors seem willing to accumulate and hold.\nBlockchance 23(Hamburg, Germany)\nEU Leaders Summit\n9 a.m. HKT/SGT(1 a.m. UTC):China NBS Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Responds to the SEC’s Lawsuit; Unpacking the Bitcoin Cash Rally\nCoinbase claimed the SEC reached beyond its jurisdiction and violated due process requirements.\xa0This comes as bitcoin cash touched a one-year high earlier this week. Ryan Grace from\xa0tastycrypto shared his crypto markets analysis. Plus, Damus founder Will Casarin\xa0discussed the Bitcoin-friendly social media app\'s recent battle with Apple. And, Six Clovers Co-founder and CEO Jim Nguyen\xa0weighed in on the future of crypto cross-border payments.\nFidelity Refiles for Spot Bitcoin ETF:The refiling for the asset manager\'s previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF.\nLiquid Staking Frenzy Spreads to Solana as Drift\'s \'Super Stake\' Offers One-Click Leverage:Drift Protocol’s “Super Stake” is a hit among traders trying to get extra yield on their staked SOL tokens.\nSEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response:Coinbase filed an answer to the SEC\'s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction.\nLacoste Expands Its NFT Ecosystem With New Rewards:The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."\nApparently It\'s Very Difficult to Custody Crypto:Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry\'s shady mainstream reputation.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Fidelity Refiles For Spot Bitcoin ETF, Says ETF Would Have Protected Investors Fidelity Refiles For Spot Bitcoin ETF Fidelity, the investment management company with $4.5 trillion in assets under management, has submitted paperwork for the Wise Origin Bitcoin Trust, a spot Bitcoin ETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust. The US Securities and Exchange Commission (SEC) had earlier denied Fidelity\'s application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications since BlackRock\'s spot ETF filing on June 15, while Ark Invest has modified its prior filing and is in front of the pack. Fidelity\'s paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation. Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data, BTC remains around the $30.5K level after the news.', 'Fidelity, the investment management company with $4.5 trillion in assets under management, hassubmitted paperworkfor the Wise Origin Bitcoin Trust, a spotBitcoinETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust.\nThe US Securities and Exchange Commission (SEC) had earlier denied Fidelity\'s application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications sinceBlackRock\'s spot ETF filingon June 15,while Ark Investhas modified its prior filing and is in front of the pack.\nFidelity\'s paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation.\nFidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors."\nThe SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,BTCremains around the $30.5K level after the news.', 'Fidelity, the investment management company with $4.5 trillion in assets under management, hassubmitted paperworkfor the Wise Origin Bitcoin Trust, a spotBitcoinETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust.\nThe US Securities and Exchange Commission (SEC) had earlier denied Fidelity\'s application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications sinceBlackRock\'s spot ETF filingon June 15,while Ark Investhas modified its prior filing and is in front of the pack.\nFidelity\'s paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation.\nFidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors."\nThe SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,BTCremains around the $30.5K level after the news.', "BAHAMAS, June 29, 2023 (GLOBE NEWSWIRE) --OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of June 30, 2023.\nOKX Adds SOL and APT to its Dual Investment Structured Product\nOKX is proud to announce that it has introduced two new additions to itsDual Investmentproduct: SOL and APT. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options. OKX also recently introduced SUI and CFX to its Dual Investment ecosystem.\nDual Investment is an advanced product that allows users to maximize their profits* by choosing a major crypto pair to trade, such as BTC - USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies - depending on their target price.\nFor details on how to subscribe to Dual Investment products on OKX web and mobile,click here.\nSOL is the native cryptocurrency ofSolana, a blockchain platform known for its speed and efficiency.\nAPT is the native cryptocurrency that fuels Aptos, a Layer-1 blockchain that was developed byAptos Labs.\nNote: Returns are not guaranteed and may change without notice.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nOKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.\nAs a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.\nBeyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.\nOKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nTHIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGR Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-06-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $596,194,445,362 - Hash Rate: 397786579.2301125 - Transaction Count: 445197.0 - Unique Addresses: 753791.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Digital payments firmStrikehas established a new headquarters in El Salvador for its international entity that could serve as a beachhead as itexpands to more than 65 countries. But Strike says its primary headquarters is still in Chicago, despite regulatory uncertainty that hascaused other crypto companies like Bittrexto exit the U.S. market. Strike has a U.S. entity that oversees operations in the domestic market, as well as the El Salvador-based entity to oversee global operations. Strike CEO Jack Mallers announced the El Salvador headquarters during his keynote speech at the Bitcoin 2023 conference in Miami Beach, Florida, last week. During his speech at the conference, Mallers juxtaposed the Bitcoin-friendly environment in El Salvador with what he described as a climate of regulatory uncertainty in the U.S. “We're living in a country right now where the SEC is fighting with Brian Armstrong,” Mallers said – likely referencingthe Wells notice Coinbase received in Marchfrom the Securities and Exchange Commission (SEC). “And we're going global, headquartered out of El Salvador. It's really fcking awesome, it's really a beautiful thing.” Armstrong, CEO of cryptocurrency exchange Coinbase,recently statedthat his firm would consider moving out of the U.S. if the regulatory uncertainty persists. It’s unclear if Strike would do the same.... - Reddit Posts (Sample): [['u/Ging9tailedjecht', 'Have been skeptical about people saying they pulled a badass card on their first box. But I literally just witnessed my friend open his very 1st box of 3 that he bought from Gamestop and this man pulls the 01/25 Ruby Bitcoin!!! I jumped outta my chair and ran to my house to give him a magnetic case!', 68, '2023-06-30 00:17', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/', 'Absolutely insane! He also pulled a MR7 Holofoil from the same box different pack!!', 'https://www.reddit.com/gallery/14mibir', '14mibir', [['u/-Squidster-', 18, '2023-06-30 00:22', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq1yvrl/', 'That card looks so good. I mean, I know everyone loves the 1As but 1 where the WHOLE card changes color looks SO much better in my opinion then all silver/chrome face.', '14mibir'], ['u/LazyMarine78', 14, '2023-06-30 00:33', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq20esm/', "I'll give him tree fiddy.", '14mibir'], ['u/-Squidster-', 10, '2023-06-30 00:38', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq213up/', 'That username though….', '14mibir'], ['u/Ging9tailedjecht', 10, '2023-06-30 01:25', 'https://www.reddit.com/r/Currencytradingcards/comments/14mibir/have_been_skeptical_about_people_saying_they/jq27ks2/', 'Worthless? Lmfao!!!', '14mibir']]], ['u/butterfly-garden', 'My Mommy is a cloaca and my heart is broken', 294, '2023-06-30 01:40', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/', "Is William da Tuxie. sniff* Today, Mommy putted her black sneakers on. I know what dat means, Mommy is going for her walk. I wasn't worried acause she always does this and she always comes back. \n\nSo, she came home. While she was taking her shoes off, I runned up to her for my welcome home scritch, and dat's when my world fell apart. Mommy smelled like dog. Dog! sob\n\nShe told me dat she din't do nuffin', dat da dog was walking wif her daddy and came up to my Mommy. I want to believe her, but her hands AND her shoes smelled like dog. sob\n\nSo, my question is dis: WIBTC if I took my brudder Martin and left? I'm willing to risk the tixenfleece and preddors to find a better home.", 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/', '14mkacc', [['u/teapotoccamy', 127, '2023-06-30 01:54', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2bgu3/', "NTC! I tuxie too! (Parsley) \n\nMy mom do dis and it's betray! Aboose! Gotta throw the whole mom in da rain room as punishments. No more snuggies till proper snack apology", '14mkacc'], ['u/Gracelandrocks', 174, '2023-06-30 02:01', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2cfqb/', "OMG, OP, you absolute MONSTER! How could you do such a thing to poor sweet little William! Just look at his wee face, he's shattered! \n\nPS: Carry a small pack of scented wet wipes with you next time so you can indulge your evil random pet petting habits but avoid breaking this gorgeous little man's heart!", '14mkacc'], ['u/WildColonialGirl', 109, '2023-06-30 02:07', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2d8up/', 'Aww, poor William and Martin. NTC but leaving is pretty drastic. Better to punish Mommy by puking where she can step in it, singing the song of your people late at night, and begging for and stealing food. We did all of the above when our moms brought dogs home. We tolerate the dog now but every so often we remind our moms that we were here first. ❤️ Sam and Mouse', '14mkacc'], ['u/PorkrindsMcSnacky', 59, '2023-06-30 02:26', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2fqal/', 'Hey, at least you don’t have to LIVE with one. My mom actually BROUGHT a dog to live with us! Her smell is EVERYWHERE. It’s so gross. Her smell is sometimes even on ME! And no matter how much I lick myself clean, I can still smell her! I wanna puke. In fact, I’m gonna do so right after I write this. \n\nPS: NTC but SHAME SHAME on your mom for bringing dog smell to your house!\n\n-Loki, 13M gray tabby', '14mkacc'], ['u/Macropixi', 47, '2023-06-30 02:28', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2g1dd/', 'When momma smells wike udder nanimals I make stinky sniffy face with lip curl, Den I wefuse! Absowootly wefuse to let momma pet me while she smells wike dat! I don’t eben stick butt in face. Just ignore compwetely!', '14mkacc'], ['u/Sunshine030209', 36, '2023-06-30 02:34', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2gq5z/', 'Floof, 7 year old fluffy tuxedo girl here. \n\nI can not believe the audacity of your mommy! She could have crossed the street when that dog was coming her way. She could have yelled "Ewww! A dog!" And ran away when the icky dog came towards her. So many options!\n\nBut she went ahead and PETTED the stinky thing?! Is she crazy?! \n\nYou might want to get your mommy tested, sounds like she might have that tragic affliction that makes humans want to touch dogs.\n\nMy own humans have fallen victim recently. My daddy\'s mom and dad got a new puppy. They visit it EVERY WEEKEND! They spend ALL of the money that should go to my kibbles and treats on toys and treats for that stinky mutt! Their phones are filled with pictures of that dumb lil pooch, leaving NO room for more pictures of me.\n\nIt\'s tragic.\n\nYou should look into taking your mommy to the human pokey place, see if they will give her shots to get rid of her desire to touch dogs.', '14mkacc'], ['u/Sunshine030209', 34, '2023-06-30 02:36', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2gz2m/', "This is my glorious self, doing a very good grumpy face. I'm sure I was thinking about that puppy when it was taken\n\nhttps://preview.redd.it/m9p6vokiw19b1.jpeg?width=2250&format=pjpg&auto=webp&v=enabled&s=c06d4420152148a4bae94e62a343cea28591e514", '14mkacc'], ['u/Sunshine030209', 31, '2023-06-30 02:37', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2h2g5/', "And this is the little idiot puppy my human slaves are obsessed with. I don't see the appeal myself\n\nhttps://preview.redd.it/7uqoq2hnw19b1.jpeg?width=1534&format=pjpg&auto=webp&v=enabled&s=4e608e13e8af32e419d763232250b480b7f3f7c8", '14mkacc'], ['u/im_always', 24, '2023-06-30 02:58', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2jv4b/', 'this breaks my heart.', '14mkacc'], ['u/LotusGrowsFromMud', 27, '2023-06-30 02:59', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2jzbn/', 'It is I, Queen Susan. Sometimes my Favorite Human pets other animals. But I know that she doesn’t care about them at all. She just pets them because she knows that I like to have new scents to decipher. It is all about making ME happy. Maybe your human is doing this, too, but you had a miscommunication?', '14mkacc'], ['u/FatDesdemona', 26, '2023-06-30 03:09', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2l69b/', "Aim your puke well, Loki! Shoes are great, but I'm sure you'll find an appropriate spot.", '14mkacc'], ['u/ThaneOfCawdorrr', 60, '2023-06-30 03:20', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2mmp6/', 'Ohhhh William, LOOK AT YOUR BROKEN HEARTED FAC! How COULD your mommthur be so wicccked! WHen she saw a dogg, she KNEOUGHS what to do: pin her ears back, hiss-hiss, mak sure the dogg kneoguhs he is NOT WELLCOME!!! NO! NO DOGGS! OHhhh the purrfidy. The betttrayall. The treachhhhury. I hop she can make it up to you with LOTS of tretes and many cuddels and pettungs, and allowing you on the counter. It is only rigt.', '14mkacc'], ['u/butterfly-garden', 81, '2023-06-30 03:21', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2mnlv/', 'It IS betray! So much betray! And...and she owes me BIG snack. Lots of snacks. I go tell her now!', '14mkacc'], ['u/ElizAnd2Cats', 13, '2023-06-30 03:21', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2moc7/', 'Poor sweet William! NTC, obviously.', '14mkacc'], ['u/delta-TL', 23, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n671/', 'Yes, I Cassidy, Princess Fuzzy Pants, smol brown tabby extraordinaire, like to get smell mail from my momther. I snifs it up, then cover it with my own smell by pressy-facing her fingers.', '14mkacc'], ['u/CZ1988_', 40, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n6g6/', 'Yes get big snack. Poor William', '14mkacc'], ['u/butterfly-garden', 126, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n6qk/', 'Mommy here. Scented wet wipes is not a bad idea, lol. Little Raquel is a miniature dachshund who thinks EVERYONE is her friend, lol. I guess I need to get in the habit of cleaning myself up. William looked so betrayed. 😿 I felt awful!', '14mkacc'], ['u/lizbo', 19, '2023-06-30 03:25', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2n8xv/', 'Old Man Bubs here, Handsomest Cat. Oh young buck I’m sorry for your troubles. It’s good you have a brudder to commiserate with. Running away may be a little extreme. Why not give stink-eyes and cold shoulder? It’s just as satisfying and you still have comforts of home', '14mkacc'], ['u/butterfly-garden', 55, '2023-06-30 03:26', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2nci8/', 'Puke! Great idea! Tanks, Fren! Be right back.', '14mkacc'], ['u/butterfly-garden', 42, '2023-06-30 03:29', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2npyg/', 'Oh my Dod, Loki! Your mom brought a dog into YOUR home? What a betray! Aim for da shoes or da pillows wif da puke.', '14mkacc'], ['u/1quincytoo', 19, '2023-06-30 03:30', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ntyi/', 'William and Martin deserves soooo many toona and much wo. Wor worsh……. Lots of extra treats and cuddles \n\nCall it bribes whatever your hoomom has whole of pawsplaining to do \n\nShe should have ran off the second sloppy dawg saw her not stay for da sloppy puppy kisses and bet she gave dawg cuddles and told him good boy but she clearly did not \n\nShe should have ran away ( she did have sneakers on so I rest my case) \n\nBTW Willy you are gorgeous', '14mkacc'], ['u/butterfly-garden', 33, '2023-06-30 03:32', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2o02h/', "I been ignoring her all evening. I din't even share blankie wif her. But now it's snack time, so I'm going to sing da song of our people. Den, I'm going to do da ignore again.", '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:34', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2oavf/', "Dey spending time wif da dog and not your magnificent self? Dat's so sad! You 'serve better!", '14mkacc'], ['u/butterfly-garden', 15, '2023-06-30 03:35', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ofnf/', "Tank you, Fren! It's such a sad situation.", '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:38', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2otru/', "You tink so? Mommy keeps saying that she wubs me, but now I'm confoozed. But you is Queen, so you is smart. Maybe I gib Mommy da benefit of da doubt.", '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:40', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2oz6o/', "Dat's inneresting. Maybe dat's what's going on wif Mommy.", '14mkacc'], ['u/butterfly-garden', 43, '2023-06-30 03:42', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2pcek/', "Tank you, Fren! You right! I 'serve treats RIGHT ON DA COUNTER!!! I go make my demands.", '14mkacc'], ['u/butterfly-garden', 12, '2023-06-30 03:43', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2pgnl/', 'Awwww! Tank you, Fren!', '14mkacc'], ['u/butterfly-garden', 13, '2023-06-30 03:48', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2q1vu/', "You right, Old Man Bubs, I still have all my comforts here. My litter box, my toys, my beds. You right. I just do da big ignore. Mommy 'serves dat.", '14mkacc'], ['u/Fr0hd3ric', 63, '2023-06-30 03:49', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2q2sk/', 'Maybe do the hork-hork inside the black sneakers?', '14mkacc'], ['u/delta-TL', 19, '2023-06-30 03:49', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2q352/', 'See, I can sniffs the naybors from the window of my Palace, but I needs to know what is going on wif my subjects. And give orders! Dats how you run a oderly estate', '14mkacc'], ['u/butterfly-garden', 13, '2023-06-30 03:52', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2qgey/', 'Awwww, shucks! Tank you for compliment! You right, Mommy should have runned away from da dog, not give her scritches. She owes Martin and me ALL da treats!!!', '14mkacc'], ['u/butterfly-garden', 41, '2023-06-30 03:53', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ql57/', 'I like da way you tink!!!', '14mkacc'], ['u/butterfly-garden', 17, '2023-06-30 03:54', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2qpc4/', 'You run a tight ship!', '14mkacc'], ['u/Fr0hd3ric', 16, '2023-06-30 03:55', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2qwvc/', "Well, the puppy is at least black and white, perhaps they're trying to pretend it's a tux kitty.\nMaybe couldn't afford the real thing? Once the novelty wears off, your parents will be groveling at your feet. Stay strong and noble!", '14mkacc'], ['u/maxthecat5905', 15, '2023-06-30 03:58', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2r8eb/', 'Max (2M Russian Blue) here.\n\nhttps://preview.redd.it/cw5h17v0b29b1.jpeg?width=3024&format=pjpg&auto=webp&v=enabled&s=8a4c4bd7b8b39aa637306273c22389ef82c4adf4\n\nNTC for being sad and mad at mom but you would be TC for leaving because then you would get hit by the big metal things and mom would be very sad.', '14mkacc'], ['u/butterfly-garden', 10, '2023-06-30 04:03', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2runu/', 'Ooo, Max, you is handsome boy! I tink you right about dose big metal tings. Dey is scary. Dey take me to pokey place. And dey make too much noises. I no like dem at all.', '14mkacc'], ['u/saltedkumihimo', 10, '2023-06-30 04:05', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2s3q6/', 'Aw, William. You are NTC. Da Lady comes home very late once a week and not only does she smell like a dog, there is CAT fur on her. She says they are frend pets, but I don’t believe. When Da Lady smells of them, I make circles around her until she goes to the water spray.', '14mkacc'], ['u/Macropixi', 22, '2023-06-30 04:06', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2s7t2/', 'Yes, sing songs of people to get the food… gooshy food is best. Den ignore again. Until momma asleep… den stick butt in face, and screm for a-ten-shun. Momma says dat I cloaca for demanding a-ten-shun at stupid-o-clock.', '14mkacc'], ['u/maxthecat5905', 11, '2023-06-30 04:11', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2svww/', 'One time 1000 years ago when the outsides was cold and wet. I, Max went outside to discover the world outside my house and almost got hit by one, thankfully I fled under the deck where I outlasted them until my Grandpaw let me back inside after the big warm yellow outside ball came back up. I was noy even fazed a little bit. Dad said I was the toughest kitty he knew.', '14mkacc'], ['u/WildColonialGirl', 36, '2023-06-30 04:18', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2tmfl/', 'Pet wipes are a very nice thing to have. Deuce has allergies and Mouse sometimes has trouble cleaning her rear end. I get mine from Chewy but pet stores have them too. Fragrance free baby wipes will do in a pinch.', '14mkacc'], ['u/PrincessWolfie1331', 11, '2023-06-30 04:21', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2u2ux/', 'Otto (4M, King Doggo) here. I meen, slite YTC. Doggos r pawesome! I nos wat u meen about sharing doh. I hate sharing mi pawrents wid udder animals.\n\nBut doggos r frens.', '14mkacc'], ['u/HappyBreadBaker', 15, '2023-06-30 04:24', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2ug3h/', 'My dear William. This is a very serious matter. I believe you should take it up with r/legalcatadvice to discuss your options. Sincerely, Klinger\n\nhttps://preview.redd.it/57heryyuf29b1.jpeg?width=4032&format=pjpg&auto=webp&v=enabled&s=a6e90ff6108512258066bc0a9d3d641d8a2bafb5', '14mkacc'], ['u/KittyChimera', 10, '2023-06-30 05:00', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq2yppx/', "You are obviously not the cloaca, obviously you mommy is! I (Batty, five, cat) feel your pain. The other day my momther came home and wanted hugs from me and said I was the best boy but she smelled like SOME STRANGER and had other gray furs on her shirt. I am momther's gray baby! She said the gray furs were from my sister Pickle and my bye oh logical mom Mustache, but that's dumb. And the stranger smell was from their new foster brother Possum but I don't remember telling momther to cuddle with some rando!", '14mkacc'], ['u/PorkrindsMcSnacky', 19, '2023-06-30 05:13', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq30712/', 'I know, right? I thought we were best friends! But now wherever I turn, that BIG DUMB DOG is sitting next to her. Just letting mom pet her as long as she wants without biting or swiping at her. She even lets her rub her belly! Ugh. Dogs have no shame. \n\nAs for the barfing, my favorite spot to puke is somewhere dark, like that small room with all the clothes. It can take DAYS before she finds it!', '14mkacc'], ['u/PorkrindsMcSnacky', 19, '2023-06-30 05:22', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq318e9/', 'Sadly, mom puts her shoes in places I can’t reach so I can’t do that. Buuuuuut I can be creative. Once I barfed on one of those fuzzy flat things on the floor with the pretty colors on it. She couldn’t tell it was there until she stepped on it with bare feet! I am so clever.', '14mkacc'], ['u/CyberMaddie', 22, '2023-06-30 05:32', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq32ef5/', 'Poor baby. Definitely get the scented wet wipes. I adore tuxedos. They have such a personality and their expressions are phenomenal.', '14mkacc'], ['u/Ok_Cauliflower_3007', 15, '2023-06-30 05:51', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq34h6h/', 'I recommend cheeky panda sustainable wipes (I always have a pack in my bag). Water and a natural scent are all that’s in them so they’re safe around anyone (unless they have a rose or coconut allergy I guess, those are the scents). I use them in the heat too because they really cool your face and wrists down - of course that is in UK heat. As I told one of my close friends when I recommended them to her I make no guarantee they stay cool in Texas heat. Available on Amazon. I swear I’m not getting a commission lol.', '14mkacc'], ['u/butterfly-garden', 16, '2023-06-30 05:53', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq34ojb/', "Your momma should be grateful dat you're allowing her to scritch you!", '14mkacc'], ['u/butterfly-garden', 33, '2023-06-30 05:59', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35a0c/', 'Chewy and I have a very close personal relationship.', '14mkacc'], ['u/Affectionate_Staff46', 15, '2023-06-30 05:59', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35avb/', "Awwwww! How coulds mama! You and brother can comes to us! We is bestest and bootifullest doggigirlsies in all of Texas. That's what mama say. Mama and Daddy is going to loves and cuddles us all the same.\n\nhttps://preview.redd.it/a8buoalqw29b1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=3bf2651edaa23860862572544f8e9f7b3e206c52\n\nAlexis and Kajsa", '14mkacc'], ['u/butterfly-garden', 10, '2023-06-30 06:02', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35lwz/', "I don't has anyting against doggos. Many doggos live here. But Mommy is MINE. MY Mommy. She shouldn't be scritching other aminals.", '14mkacc'], ['u/butterfly-garden', 11, '2023-06-30 06:03', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35q9o/', 'I tink maybe you right. I go check.', '14mkacc'], ['u/butterfly-garden', 13, '2023-06-30 06:04', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35var/', 'Cheeky Panda. Thank you!', '14mkacc'], ['u/butterfly-garden', 18, '2023-06-30 06:04', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq35x77/', 'They are so much fun!', '14mkacc'], ['u/butterfly-garden', 18, '2023-06-30 06:09', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq36fjt/', 'Heh heh heh, you is clever kitty! No wonder you named Loki. Mommy has a room like dat. Now I tinking...', '14mkacc'], ['u/butterfly-garden', 11, '2023-06-30 06:14', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq36xir/', 'You sing! I sing too.', '14mkacc'], ['u/Fr0hd3ric', 19, '2023-06-30 06:43', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq39uxz/', 'I am flattered! 🙂', '14mkacc'], ['u/TwoIdiosyncraticCats', 17, '2023-06-30 14:12', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4c5d5/', 'Yes! MANY BIG SNACKS FOR YOU!!!\n\nMy momther also did same and I was MAD. I threw up on the rug then DEMANDED snacks. (Espeshully becuz I was hungry then.)\n\n\\--Fig-Cat (16F)', '14mkacc'], ['u/Macropixi', 10, '2023-06-30 14:42', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4fmze/', 'Momma is currently unhappy about flee in-fest-tay-shun. \n\nBig hisster and I both covered in nasty bitey itchy things. She give us many baths, collars, try “natural in-sec-ta-sides”, now talking about BOMBING home? \n\nHisster and I no go outside, scary out there. We both long ago lived outside all alone, before people found us and momma got us from them in a-dopt-shun. \n\nBut I like hallway to outside is not home… has all neat smells. Momma say fleas come in on me from hallways.\n\n(We live in a basement condo-we’ve been fighting a flea infestation since March- our two kitties Origami and Ryouko (big hisster) we’re both strays and then shelter kitties before we adopted them through a charity through petsmart. ‘Gami loves to escape into the halls and run around, Ryouko will do the same but will only sit under the stairs. From what we can figure one of the other residents with pets who do go outside managed to bring the fleas in and they infested the carpet in the hallway. We’ve tried cedar spray, flea collars, flea baths, neck drops,, vacuuming the place-nothing has worked. They’re itchy, I’m itchy, the husband is itchy, the only things safe from flea bites are the damn tropical fish- which are the reason the spouse didn’t want to use chemicals to start with. )', '14mkacc'], ['u/MostBeautifulCat', 16, '2023-06-30 15:16', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4juxv/', 'I wouldn’t go with passive aggressive. I would communicate feelings directly. Just puff the EFF up and growl and hiss at her when you smell dog on her. You can even lift your paw.', '14mkacc'], ['u/butterfly-garden', 15, '2023-06-30 16:56', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq4ye86/', 'Ooo, threaten da bap bap. I like it!', '14mkacc'], ['u/butterfly-garden', 21, '2023-06-30 17:13', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq50z4n/', 'I like your style! I tink I go puke now.', '14mkacc'], ['u/PorkrindsMcSnacky', 10, '2023-06-30 17:44', 'https://www.reddit.com/r/AmItheCloaca/comments/14mkacc/my_mommy_is_a_cloaca_and_my_heart_is_broken/jq55wyi/', 'Actually, I love the game where I hide in the bag and when someone walks by, I swipe at their feet 😸', '14mkacc']]], ['u/hunter20C', 'Do you have money in a 401K/IRA/Savings/etc or are ALL of your investment’s and savings in Bitcoin?', 15, '2023-06-30 01:45', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/', 'What the title says, I’m just interested to see if people in this sub diverse at all in savings accounts or stocks or if you are truly all in on Bitcoin', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/', '14mkdqh', [['u/The-Francois8', 46, '2023-06-30 01:53', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/jq2bb7i/', 'Diversification is nice. Real estate, dividend stocks, 401k, pension, metals, bitcoin… each has a purpose.', '14mkdqh'], ['u/OffThread', 16, '2023-06-30 04:11', 'https://www.reddit.com/r/Bitcoin/comments/14mkdqh/do_you_have_money_in_a_401kirasavingsetc_or_are/jq2sse4/', "It's starts as just a small portion, then it just happens to be a large majority and you don't care to sell it. \n\nHow far the ratio is how long ago you planted that tree. Cause, the best time to plant a tree was 20 years ago. The second best time is now.", '14mkdqh']]], ['u/stonkboi25', 'Finally', 11, '2023-06-30 02:03', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/', 'After reading through everyone’s posts about transferring out and it being successful I decided to transfer out the chump USDC they left me with still skeptical they’ll let this go through but I’m not willing to risk them cashing out for me in 30 days 🤣 Wish me luck ya’ll will probably convert it all to BTC.', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/', '14mkteq', [['u/AdMysterious6848', 18, '2023-06-30 05:15', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/jq30e2h/', 'I transferred all crypto and sold it all. Fuck you Voyager, all criminals.', '14mkteq'], ['u/Tech_Noir_1984', 11, '2023-06-30 07:59', 'https://www.reddit.com/r/VoyagerExchange/comments/14mkteq/finally/jq3h0f7/', 'My USDC is taking forever to transfer. All my other crypto went through within 24 hours but my USDC transfer is currently on day 6.', '14mkteq']]], ['u/Status_Floor1746', 'Be Aware Crypto Policy Legislation is Set to Begin Moving in the House', 45, '2023-06-30 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/', "TL;DR Once Congress returns from the 4th of July break House Financial Services Chairman Patrick McHenry has said the Committee will vote on Crypto legislation and send it to the House Floor for a full House vote before the end of July. \n\n\n\n\n\n\n\nIn the coming weeks, we are going to hear and see an explosion in crypto news about crypto legislation being voted on in the House of Representatives. Now this vote will not be before the whole House rather it will be a procedural move by the House Financial Services Committee which will vote on the legislation to send legislation to the floor for that full vote. While the exact contents of the legislation are not known and I haven't even heard any gossip in the halls about it there are a few things that I feel will be in this.\xa0\n\n\n\nWe will see BTC and ETH be clearly defined as commodities.\n\nThis does fall short of crypto overall but in defining BTC and ETH the legislation will allow other cryptos to fall within those defined regulations. Those are the two largest market caps and so it shouldn't be a surprise to see Congress focus on these first and then adjust the rules as needed.\xa0\n\n\n\nThe CFTC and SEC will get clearly defined roles.\n\nRight now both agencies have claimed in various forms to be the true regulator and the legislation will have to address this. I know we want good ol Gary to be absolutely stripped of everything to do with crypto I doubt that will happen. Instead, we are likely to see a pretty significant curtail of the SEC powers in this industry with whatever powers are left being limited. Congress overall has told Gensler he is on notice for his random shotgun actions since they have affected both traditional finance and the crypto industry.\xa0\n\n\n\nStablecoin Clarity\xa0\n\nFor the last year or so there has been a lot of back and forth about stablecoins and their backing or lack thereof. Right now there are two camps and each is pretty dug in with how they want stablecoins to be regulated. I expect that a breakthrough will be announced soon that will break either one way or the other for the respective camps. Right now though it isn't exactly clear but I would assume a safe harbor will be implemented nonetheless for various stablecoins to come into regulatory approval.\xa0\xa0\n\n\n\nFinal Thoughts\n\nNow I am 110% sure that there will be more covered in this legislation but these are the three things that I think that we all know for certain are going to appear in the legislation. As soon as it breaks or leaks I will be sure to read through it and let yall know what the pros and cons of it are. Given the various drafts seen over the years though these are a couple of the things that I am pretty sure are going to appear and really what they will encompass.\xa0", 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/', '14mld68', [['u/Plebian1994', 13, '2023-06-30 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/jq2gy9u/', 'Why do I get the feeling these politicians are going to fuck it up just like they do everything else?', '14mld68'], ['u/coinmarshal', 17, '2023-06-30 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/jq2gzs6/', 'That overall sounds bullish', '14mld68'], ['u/Status_Floor1746', 11, '2023-06-30 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14mld68/be_aware_crypto_policy_legislation_is_set_to/jq2hcci/', 'The way I look at it is that uncertainty kills creativity and innovation. Taking this idea at a minimum rules/regulations would clear this up encouraging creativity and innovation!', '14mld68']]], ['u/SoNiicFX', 'What’s the individual’s endgame?', 39, '2023-06-30 03:36', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/', 'Congrats, you’ve hodled successfully. Bitcoin has 10xd or 100xd. \n\nHow do you actually use that wealth for real life application, knowing you want to keep stacking?', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/', '14mmsoq', [['u/OffThread', 58, '2023-06-30 04:15', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq2taqo/', "That's not the goal. You've got it all wrong. \n\nWe're not here for wealth, we're here to take back control.", '14mmsoq'], ['u/TheSugarGalaxy', 22, '2023-06-30 04:43', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq2wqbk/', "I'm up 100x on bitcoin and I've used them to buy gift cards from CoinCards. Pretty much been paying groceries and gas with gift cards for years now!", '14mmsoq'], ['u/solomonsatoshi', 25, '2023-06-30 05:04', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq2z8s0/', "Bought pre 2017 and am now retired and living on the land selling down a small amount each year to fund life.\n\nCould never have done this without Bitcoin.\n\nHoping the sly state-banker orchestrated obstruction of Bitcoin use for MoE is ended before I die.\n\nFeels good being part of the BTC revolution \\~ being as free as possible of the fiat debt slavery bankers cartel- zero debt.\n\nThere's quite a few of us, just quietly.\n\nIf you are a newbie and want to stack fees and KYC free seek out someone who has a stack and is slowly selling down as you will get the best price.\n\nAvoid CEXes.\n\nIf you cannot find someone selling down their stack try DEX bisq or meetups. Don't rely upon KYC CEXs. Good luck.", '14mmsoq'], ['u/Neat-Finger197', 15, '2023-06-30 06:03', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq35r09/', 'Plan is to continue stacking and hodling. Eventually, financial services will exist where we’ll be able to borrow against BTC and never spend principal', '14mmsoq'], ['u/aed38', 12, '2023-06-30 06:29', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq38hdi/', '"What’s the individual’s endgame?"\n\nA future where:\n\n1. Banks are obsolete.\n2. Fiat currency is obsolete.\n3. The individual owns their own money and doesn\'t have to ask permission to use it.', '14mmsoq'], ['u/BTCMachineElf', 11, '2023-06-30 07:14', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3cxma/', "If you want to keep stacking, what can you do but hodl.\n\nOnce you can no longer increase your stack size by 2%/year because it's value has exceeded your income bracket, it might be time to kick back, and start slowly spending it.", '14mmsoq'], ['u/MaximilianII', 72, '2023-06-30 07:17', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3d8gx/', "Last bull run I bought myself a house and 4 years off of work. Next bull run I'll buy myself full retirement.", '14mmsoq'], ['u/Kiwip0rn', 16, '2023-06-30 07:20', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3dias/', 'I (we) retired in March 2020. \n\nPaid off the house, have purchased 4 vehicles, bought a Condo on the beach we are moving to as soon as this house sells. \n\nWill be taking the proceeds of the house sale and buying more BTC.\n\nSelling ~80% in Late October or Early November 2025. We will live in the condo until the spring of 2026 and move to somewhere on the Mediterranean (not called Turkey). To spend the rest of my time on earth.\n\nWe will buy back in November 2026 with the proceeds from the sale of the Condo (and whatever is available from the 80% sell in 2025).\n\nRinse and repeat in 2029 and 2030, 2033 and 2034.', '14mmsoq'], ['u/netwolf420', 39, '2023-06-30 07:53', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3gikv/', 'Came for the gains, stayed for the revolution', '14mmsoq'], ['u/JubJubsFunFactory', 11, '2023-06-30 07:59', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3h1al/', 'Belongs on a tshirt', '14mmsoq'], ['u/MiceAreTiny', 17, '2023-06-30 10:03', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3r08t/', 'That is what bitcoin is for. I love success stories like that.', '14mmsoq'], ['u/SunixKO', 12, '2023-06-30 10:51', 'https://www.reddit.com/r/Bitcoin/comments/14mmsoq/whats_the_individuals_endgame/jq3uib1/', "Why do you think he is buying gift cards instead of selling the BTC for dollar? So that he can tell the IRS how many gift card dollars he spent on groceries that year?\n\nI'm gonna guess there were no tax issues without knowing the guy you are asking.", '14mmsoq']]], ['u/karlmarxsghost1867', 'The ICT "Community" has to be one of the worst parts of modern-day trading...', 116, '2023-06-30 03:59', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/', 'Warning: there is no coherent structure to this post...\n\nOnce or twice a week when the markets are slow or choppy, I take a quick look at the ICT twitter to see what asinine thing he is melting down over today... Since the start of the year things have really gone downhill over there.\n\nAside from the obvious fact that "ICT" is retail strategies (namely, auction market theory) disguised as "smart money concepts", the community--if you can call it that--is a mill for all sorts of weird and absurd behaviours including the following...\n\nICT said in his hold 2022 Mentorship videos that he would "prove to everyone" that his methods are truly profitable by releasing broker statements in 2023. This was supposed to be the "big year" where he would prove the naysayers wrong by showing how profitable he is. These days when I look, it seems everyone is convinced that he is unique in never having to take any live trades ever, and that he doesn\'t need to prove he can make money. Just today he retweeted someone calling him out for trading in SIM, which seems to be something he does to get his followers to dogpile them. How bizarre is that.\n\nI remember him ranting in his old videos about how "nobody has ever taught what I\'m teaching" when you can pick up books from 10, 15 years ago talking about the same things. What\'s even weirder is that he has a video on his channel from years ago where he lays out the books which contain the same things he talks about, but his followers seem oblivious. I\'m sure some people would be surprised to hear that the "Turtle Soup" was a trading setup from a nearly 30 year old book, and that what sane people call "the end of an auction" has been talked about for 30-40+ years. \n\nI saw a tweet where he was ragging on someone because "funded accounts are demo and they can\'t trade with real money (irony?)", then some time later I checked in and saw him doing a "funded account giveway". ICT & "prop firm" grifting was not a cross-over I expected to see.\n\n"Simplicity vs. Complexity" -- I recall when I was following along with his videos ages ago that he would make a big deal about how "simple" his trading system is. Today, it seems that the absurdity has been cranked up to the next level. I saw this tweet today and honestly, what the hell is he even trying to say here (before his followers hop on, yes, I know what it means)\n> AM Session 10:50am To 11:10am Macro\n+Breaker, Opening Range Gap Draw, Opening Range Gap Quadrants, Partial Scaling & Management, using ICT Opening Range Dynamic Order Flow.\n\nwhat?\n\n> Opening Range Judas Swing Into Opening Range Repricing Macro\n> Dual Dealings AM Session ICT Silver Bullet\n\nwhat the hell is this guy talking about?\n\nMeanwhile, it seems this guy has built some lore around him having access to classified information about how the market works. This part is just straight up weird...\n> I wish I could talk openly.\n> The flesh aches to.\n> To humble the doubters, detractors, liars and talkers.\n> I have to stay in my lane, in my language and this must suffice.\n\nAnd lets not get into his schizo doomsday prepper arcs.\n\nWhat I find almost weirder than the cult-following and god complex is the people you see in the community. You have people who try to mimic his behaviour and talk about how they know how "the algorithm" (lol) works because they called the BTC bottom. That one guy who claims he "worked institutionally" and now sells courses on 1-hour opening range breaks--sorry, I mean "DR/IDR". You have 20 year old course sellers who comment on half his tweets. You have people who put "six figure funded" in their Twitter bio\'s (Christ). If you\'d like to go down that rabbit hole, feel free to take a look at @Romeotpt\n\nI\'ve seen some weird cults in my time, and it is impressive how they all have the same pattern of person has interesting idea -> person refuses to provide concrete proof and makes themselves inaccessible -> smart people self-select out --> leader sics followers on people who ask questions.', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/', '14mn99t', [['u/No_Working_6660', 28, '2023-06-30 05:18', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq30t1w/', 'From my limited reading into this stuff i got these kind of vibes. Good to know i was correct in my thinking it was over complicated, cult like, conspiracy theorists. \n\nI realized yesterday these type of people that follow this kind of stuff are goats. They set others as the sheep and think they have it figured out, when they actually are just in a different herd , the goats. The wolves line ICT prey on goats and sheep', '14mn99t'], ['u/Unlikely_Leather_869', 10, '2023-06-30 05:33', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq32eyz/', 'Bro I almost went down the ict pipeline and thank god I went back to Thomas wade’s system with PATs after I realized how much of a fraud ICT was', '14mn99t'], ['u/smattson10909', 21, '2023-06-30 06:16', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq374sq/', "I can't believe the shear amount of followers the guy has too. Crazy.", '14mn99t'], ['u/jehneric', 11, '2023-06-30 06:18', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq37cty/', 'My friend/mentor recently pivoted to ICT concepts, involving liquidity and market structure shift, etc. I haven\'t been trading lately so I\'m a bit out of the loop on all the new lingo he\'s using. It seems to be working well for him, he live trades in a discord every day and posts his losses as well as his wins. And my friend does back it up with analysis that seems easier to comprehend than whatever the hell an "opening range Judas swing" is per your example.\n\nPrior to ICT, I was mostly using supply/demand, fib retracements, and volume analysis, with my friend\'s guidance. But since his shift into ICT concepts, I just feel out of the loop, having not studied up on all these new terms at the moment. It wasn\'t until this post that I actually looked up what ICT stood for.\n\nI imagine there\'s merit to the strategies inherently when it comes to liquidity and all that, and the problem is mostly with ICT himself? Seeing as how I didn\'t even know this was all from one guy and what seems to be a cult following, can anyone be kind enough to give me the rundown on the strategies\' legitimacy in a vacuum?', '14mn99t'], ['u/10Drive', 17, '2023-06-30 06:56', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq3b8si/', 'Bro I went on one of his commenters twitter pages and they had a banner of ICTs face 😂😂😂 the level of dick riding is insane', '14mn99t'], ['u/-Blue_Bull-', 32, '2023-06-30 08:04', 'https://www.reddit.com/r/Daytrading/comments/14mn99t/the_ict_community_has_to_be_one_of_the_worst/jq3hhww/', 'The basic frameworks to profitable discretionary trading are out there and for free. However, most of the meat of trading comes from within yourself. It is the ability to spot new edges and trade them. This absolutely cannot be taught, it\'s a skill that you develop on your own.\n\nThe problem is 99% of people are too lazy to put in the effort, which tells me they\'d shouldn\'t even be manual traders. \n\nI\'m an algo trader now, but it took me 4 years of solid screen time to become profitable as a discretionary trader.\n\nAs an algo trader, the same amount of effort was required, morning to night sessions learning object orientated programing, stats, risk management, back testing, AWS, docker, Python. Basically, the "boring stuff".\n\nPlease stop following these influencers. You won\'t learn anything from them. Following their advice is likely to damage your "trading brain" irreparably.\n\nYou want a trading mentor? Arnold Swartznegger. He will teach you more about trading than 100% of all trading gurus, and he\'s never placed a single trade in his life. \n\nRead the book "thinking fast and slow". It has nothing to do with trading, but will teach you about cognitive biases which is crucial to understand if you use technical analysis.\n\nIf you are an indicator trader, then you need to get to know the personality of your indicators. With discretionary, you are leveraging the power of the human brain to spot these features.\n\nIf you are just blindly following indicators, you won\'t win. If you blindly follow a predefined a trading system, you won\'t win. This is not how discretionary trading works. If that\'s the style you\'re after, you shouldn\'t be a discretionary trader, you might as well take up systematic trading.', '14mn99t']]], ['u/YVRcuriosity', 'I’m getting blackmailed by someone who bought database from swingers websites.', 66, '2023-06-30 04:20', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/', 'Hello beautiful free people, I’m getting blackmailed by someone who says it has hacked into my phone and recorded videos, and have all my naughty stuff into his cloud with all my personal contacts. It told me to pay him $650 in his bitcoin wallet otherwise he would share all my private content with all my phone contacts. Have anyone gone through this?', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/', '14mnp9v', [['u/class4inaduckie', 143, '2023-06-30 04:26', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2ulvg/', 'Have they shown you any proof of what they have?\n\nThey are typically just bluffing.', '14mnp9v'], ['u/sunshineguy84', 40, '2023-06-30 04:30', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2v7fj/', "Scam. I've gotten this exact email before, just ignore it and move on with your life.", '14mnp9v'], ['u/YVRcuriosity', 63, '2023-06-30 04:41', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2wh6r/', 'Yes, they got nothing indeed, it looked like a fake scam but, as I’m new to the lifestyle, better double check just in case. Thank you for the insight.', '14mnp9v'], ['u/Titocreator', 39, '2023-06-30 04:45', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq2ww9q/', 'Ignore and keep living your life bud', '14mnp9v'], ['u/True_Ad4319', 12, '2023-06-30 05:19', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq30y64/', 'This happened to me thru Snap about a year ago and they threatened to share with all my Instagram contacts and started grouping them and sending invites. \nI say embrace it. You put the photos and videos out there already, and they’re just helping you share quicker! Ha \nI was able to use this mind set and turn the con back on them demanding money for my copyright material they stole. And I of course reported them on Instagram and snap. \nWhy not create a model profile on porn hub now and use this to your advantage. Once you make it, add all that material to your profile and share it with them. Then they have no need to try and extort you cause you beat them to the punch.\n\nBest of luck and let me know what you do and how it turns out for you.\n\nOpen to brainstorming on these cyber punks', '14mnp9v'], ['u/ZebraPantsDancer', 44, '2023-06-30 05:52', 'https://www.reddit.com/r/Swingers/comments/14mnp9v/im_getting_blackmailed_by_someone_who_bought/jq34jpx/', 'Something similar happened to my brother once. He said they had videos of him yada yada this and that but they actually showed proof. He said fuck it and told them he doesn’t care. He called me up and a couple other family members, s... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin Well EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (\x93 Bitcoin Well \x94 or the \x93 Company \x94) ( TSXV:BTCW; OTCQB:BCNWF ), announces a shares for debt arrangement. Shares for Debt The Company plans to issue 1,152,273 Common Shares having an aggregate value of $63,375 related to the balance of the earn-out on the Equibytes acquisition, previously announced on September 8, 2021 . The Common Shares will be issued at a deemed price of $0.055 per Common Share, being equal to the closing trading price of the Common Shares on the TSXV on the date of this news release. The issuance of the Common Shares is subject to the approval of the TSXV, and such Common Shares will be subject to a four-month plus one day hold period pursuant to TSXV policies. About Bitcoin Well Bitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission. Join our investor community and follow us on Nostr , LinkedIn , Twitter and YouTube to keep up to date with our business. Bitcoin Well contact information To book a virtual meeting with our Founder & CEO Adam O\x92Brien please use the following link: https://bitcoinwell.com/meet-adam For additional investor & media information, please contact: Tel: 1 888 711 3866 [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release . Forward-looking information Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Story continues Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. For more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', 'EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), announces a shares for debt arrangement.\nShares for Debt\nThe Company plans to issue 1,152,273 Common Shares having an aggregate value of $63,375 related to the balance of the earn-out on the Equibytes acquisition, previously announced onSeptember 8, 2021. The Common Shares will be issued at a deemed price of $0.055 per Common Share, being equal to the closing trading price of the Common Shares on the TSXV on the date of this news release. The issuance of the Common Shares is subject to the approval of the TSXV, and such Common Shares will be subject to a four-month plus one day hold period pursuant to TSXV policies.\nAbout Bitcoin Well\nBitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission.\nJoin ourinvestor communityand follow us onNostr,LinkedIn,TwitterandYouTubeto keep up to date with our business.\nBitcoin Well contact information\nTo book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:https://bitcoinwell.com/meet-adam\nFor additional investor & media information, please contact:Tel: 1 888 711 [email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-looking informationCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions.Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.\nBitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well.\nBitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to becorrectand such forward-looking information should not be unduly relied upon.\nAny forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.\nFor more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', 'EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), announces a shares for debt arrangement.\nShares for Debt\nThe Company plans to issue 1,152,273 Common Shares having an aggregate value of $63,375 related to the balance of the earn-out on the Equibytes acquisition, previously announced onSeptember 8, 2021. The Common Shares will be issued at a deemed price of $0.055 per Common Share, being equal to the closing trading price of the Common Shares on the TSXV on the date of this news release. The issuance of the Common Shares is subject to the approval of the TSXV, and such Common Shares will be subject to a four-month plus one day hold period pursuant to TSXV policies.\nAbout Bitcoin Well\nBitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission.\nJoin ourinvestor communityand follow us onNostr,LinkedIn,TwitterandYouTubeto keep up to date with our business.\nBitcoin Well contact information\nTo book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:https://bitcoinwell.com/meet-adam\nFor additional investor & media information, please contact:Tel: 1 888 711 [email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-looking informationCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions.Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.\nBitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well.\nBitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to becorrectand such forward-looking information should not be unduly relied upon.\nAny forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.\nFor more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', "Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images Mega-cap stocks helped end the second quarter with a bang. The Nasdaq 100 ended just shy of a previous first half record, with a 32% gain. Positive economic data continued to fuel investor confidence on Friday. Mega-cap tech stocks helped the market end higher Friday, with stocks ending a remarkably strong first quarter in the face of mounting recession fears and tight central bank policy. The Nasdaq 100 gained nearly 32% in the first half, nearly breaking its first-half record, set in 1983. The tech sector was propelled by massive enthusiasm for AI that's gripped Wall Street in 2023. The S&P 500 gained 17.6% in the first half while the Dow climbed 3.7%. In the second quarter, the Nasdaq closed at 13% higher, while the S&P and Dow climbed 8.8% and 2.5%. Core Personal Expenditure Price index data released Friday morning also added to investor confidence, showing that inflation climbed 4.6% from a year ago in May, down from 4.7% in April. On a monthly basis core PCE was up just 0.3%. Here's where US indexes stood at the 4:00 p.m. ET close on Thursday: S&P 500 : 4,450.38, up 1.23% Dow Jones Industrial Average : 34,407.60, up 0.84% (285.18 points) Nasdaq Composite : 13,787.92, up 1.45% Here's what else is going on: Bitcoin dipped Friday as the SEC reportedly said BlackRock and Fidelity's ETF applications are inadequate . It's inflation — not the economy — could be headed for a hard landing , Bank of America said. The US housing market faces a decade-long supply crunch, a Realtor.com analyst said. Wall Street legend Art Cashin warns that the sentiment-driven stock rally could end badly. Warren Buffett's Berkshire Hathaway now owns 25% of Occidental Petroleum stock , after snapping up over 2 million shares. In commodities, bonds, and crypto: The West Texas Intermediate climbed 0.97% to $70.54 a barrel. Brent crude , the international benchmark, gained 0.77%, trading at $74.91 a barrel. Gold edged up 0.47% to $1,927.62 per ounce. The 10-year Treasury yield fell two basis points to 3.831%. Bitcoin dropped 2% to $30,413. Read the original article on Business Insider", "• Mega-cap stocks helped end the second quarter with a bang.\n• The Nasdaq 100 ended just shy of a previous first half record, with a 32% gain.\n• Positive economic data continued to fuel investor confidence on Friday.\nMega-cap tech stocks helped the market end higher Friday, with stocks ending a remarkably strong first quarter in the face of mounting recession fears and tight central bank policy.\nThe Nasdaq 100 gained nearly 32% in the first half, nearly breaking its first-half record, set in 1983. The tech sector was propelled by massive enthusiasm for AI that's gripped Wall Street in 2023.\nThe S&P 500 gained 17.6% in the first half while the Dow climbed 3.7%.\nIn the second quarter, the Nasdaq closed at 13% higher, while the S&P and Dow climbed 8.8% and 2.5%.\nCore Personal Expenditure Price index data released Friday morning also added to investor confidence, showing that inflation climbed 4.6% from a year ago in May, down from 4.7% in April. On a monthly basis core PCE was up just 0.3%.\nHere's where US indexes stood at the 4:00 p.m. ET close on Thursday:\nS&P 500: 4,450.38, up 1.23%\nDow Jones Industrial Average: 34,407.60, up 0.84% (285.18 points)\nNasdaq Composite: 13,787.92, up 1.45%\nHere's what else is going on:\n• Bitcoin dipped Friday as the SEC reportedly said BlackRock and Fidelity'sETF applications are inadequate.\n• It's inflation — not the economy — could beheaded for a hard landing, Bank of America said.\n• The US housing market faces adecade-long supplycrunch, a Realtor.com analyst said.\n• Wall Street legend Art Cashin warns that thesentiment-driven stock rallycould end badly.\n• Warren Buffett's Berkshire Hathaway nowowns 25% of Occidental Petroleum stock, after snapping up over 2 million shares.\nIn commodities, bonds, and crypto:\n• TheWest Texas Intermediateclimbed 0.97% to $70.54 a barrel.Brent crude, the international benchmark, gained 0.77%, trading at $74.91 a barrel.\n• Goldedged up 0.47% to $1,927.62 per ounce.\n• The10-year Treasury yieldfell two basis points to 3.831%.\n• Bitcoindropped 2% to $30,413.\nRead the original article onBusiness Insider", 'Crypto markets posted a strong finish to the quarter despite the news that the Securities and Exchange Commission may prompt a number of financial powerhouses to revisit their Bitcoin ETF filings.\nBitcoin fell under 1% to around $30,300 and has been trading relatively sideways since rising above the $30,000 mark on June 23. Meanwhile, Ether rallied 4% to $1,923.\nStock markets continued to build on recent bullish momentum, with the S&P 500 rising more than 1% to close at its highest level since April 2022.\nMarkets were whipsawed earlier in the day after it was reported that BlackRock and Fidelity could face hurdles with their recently filed spot Bitcoin ETF applications. According toReuters, concerns were raised by the SEC regarding exchanges’ failure to include details of crypto trading platforms that would help to detect fraud in the underlying spot market.\nThe CBOE has since refiled applications on behalf of Fidelity, Van Eck, Invesco and WisdomTree. All the filings name Coinbase, the leading U.S. crypto exchange, as a potential partner.\nIn the DeFi sector, top gainers include Maker’s MKR, with a 14% surge, trailed by Aave, which briefly rallied 9%. Curve’s CRV and Optimism’s OP were also up around 8%.\nOverall decentralized exchange volumes are down 1.7% this week to $15.9B.\nAside from Bitcoin and Ether, top cryptocurrencies by market capitalization, excluding stablecoins, posted gains of at least 2%. Litecoin led the way with a 24% increase, followed by Bitcoin Cash (BCH) with a 22% surge, and Solana (SOL) with an 8% gain.', 'Crypto markets posted a strong finish to the quarter despite the news that the Securities and Exchange Commission may prompt a number of financial powerhouses to revisit their Bitcoin ETF filings. Bitcoin fell under 1% to around $30,300 and has been trading relatively sideways since rising above the $30,000 mark on June 23. Meanwhile, Ether rallied 4% to $1,923. Crypto Markets End Q2 On A High Note Stock markets continued to build on recent bullish momentum, with the S&P 500 rising more than 1% to close at its highest level since April 2022. TradFi Giants Refile ETF Applications Markets were whipsawed earlier in the day after it was reported that BlackRock and Fidelity could face hurdles with their recently filed spot Bitcoin ETF applications. According to Reuters , concerns were raised by the SEC regarding exchanges’ failure to include details of crypto trading platforms that would help to detect fraud in the underlying spot market. The CBOE has since refiled applications on behalf of Fidelity, Van Eck, Invesco and WisdomTree. All the filings name Coinbase, the leading U.S. crypto exchange, as a potential partner. DeFi Rally In the DeFi sector, top gainers include Maker’s MKR, with a 14% surge, trailed by Aave, which briefly rallied 9%. Curve’s CRV and Optimism’s OP were also up around 8%. Crypto Markets End Q2 On A High Note Overall decentralized exchange volumes are down 1.7% this week to $15.9B. Aside from Bitcoin and Ether, top cryptocurrencies by market capitalization, excluding stablecoins, posted gains of at least 2%. Litecoin led the way with a 24% increase, followed by Bitcoin Cash (BCH) with a 22% surge, and Solana (SOL) with an 8% gain.', 'The India Blockchain Alliance (IBA) was set up in 2018 by Raj Kapoor — an advisory board member at over 50 blockchain companies — based on the idea the technology could help reshape financial, social and governance systems in the world’s most populous nation and make them more decentralized, open and equitable. While India’s government has warned about risks in cryptocurrency trading, it has shown support for blockchain technology as have several states in India. Pune state is adopting blockchain to record real estate transactions to reduce fraud. Police in the northern state of Uttar Pradesh have set up a blockchain-based online portal to ensure filed complaints cannot be tampered with or deleted. The IBA, which said it works with startups and hundreds of colleges across India, is also a partner with the Nordic Blockchain Association and the FinTech Association of Sri Lanka. In an interview with Forkast ’s Pradipta Mukherjee, Kapoor, who is also IBA’s chief executive officer, discussed the state of blockchain-based projects in India. The following Q&A has been edited for clarity and length. Pradipta Mukherjee: The IBA has been around for five years now. Tell us about your journey and the impact that IBA is looking to make in India? Raj Kapoor: When we set up in 2018, whenever we spoke about blockchain, everybody only asked about Bitcoin. They equated blockchain with Bitcoin and vice versa. One of the key reasons why I established this organization was to make people understand the impact of the technology and not necessarily crypto or Bitcoin. I also believe that India has the power to harness this technology because we have the right resources, but we don’t have the direction. Raj Kapoor, founder and CEO, India Blockchain Alliance My two co-founders and myself first started with the education system. We started creating programs for universities, colleges, and institutions. Today we work with more than 250 universities and colleges across the country. We have set up centers of excellence. We teach blockchain at different levels depending on what type of universities or institutions they are. Story continues We mentor a lot of startups. We do a lot of work with the government in terms of giving them advice on what could be blockchain interventions for policy, standards, [and] frameworks. Mukherjee: What is the future of blockchain in India? Kapoor: Any blockchain has a form of tokenization or a reward system. Entire asset classes are going to be tokenized. Today we have tokenized real estate, bonds, and we can tokenize any asset including green carbon credits. The next five to 10 years will see a major shift from the way things are today to getting tokenized and therefore accessible to most. Those tokens have nothing to do with crypto. I’m involved in more than 50-odd local projects and another 70 or 80 outside the country. Those are all blockchain projects that have nothing to do with crypto. What we do promote is the adoption of blockchain, distributed ledger technology and everything that flows with it, such as the metaverse , NFTs (non-fungible tokens), DeFi (decentralized finance) and Web3 . Mukherjee: Can you talk about the blockchain projects you are working on in India? Kapoor: For a couple of universities in India, we are putting certificates on the blockchain so that it’s easy for anybody across the world to verify the degree of an individual. IBA doesn’t have a tech team to create it. We design the architecture, the solutioning and the way forward, and then work together with implementation partners to complete the initiative. We’re working on a private healthcare project where we are putting all health records on the blockchain, which can be accessed by all hospitals across India. We have got hospitals, physiotherapists, chemist shops, all into the ecosystem. We’re also creating a complete human resource system on blockchain that allows for checks of the authenticity of resumes filed by potential employees. Another pilot project we are doing in India is for women who face sexual harassment — whether it’s in public, work, even at home and within families. A lot of women victims don’t know where to go, so we created a blockchain-based app where women report anonymously. The project is in the beta phase, yet we already have more than 140,000 women on the platform, which is surprising. Tribal women sewing ethnic and traditional hand embroidered dresses in front of their hut, in Gujarat, India. Image: Envato Elements With the Goa Government , I’m doing a lot of projects on the blockchain, primarily, putting all land records on the blockchain. After Goa gained independence, one of the main problems was the lack of land records and there were many cases of duplication. Mukherjee: What are the shortcomings that you face when working on these projects in India? Kapoor: First is blockchain interoperability. The interconnectivity is not cheap and it’s not guaranteed. The second is the number of transactions per second. For instance, if you suddenly have 100,000 people logging in within minutes of each other, the process becomes slower. The third is lack of awareness. Once the public is aware of the benefits of blockchain, the adoption will be better. Right now, adoption is lackadaisical to say the least. The fourth, is security concerns. Now, whenever there is interoperability, it is through a bridge. This bridge has vulnerabilities that are not recognized by most Indian companies. Therefore, security, interoperability, transaction speed, and awareness are the main problems. Mukherjee: There were talks about remote voting during polls using blockchain. Has that taken off in India? Kapoor: There is a pilot program happening in Telangana [in south India]. It is great for people who are not in the state and wish to vote, or for the elderly who don’t want to stand in line at polling booths. What we have not identified completely are the security plugs so that we have a sacrosanct safe system. Mukherjee: Where do you see India’s central bank digital currency (CBDC) adoption headed? Kapoor: We talk about CBDC [but] are we CBDC ready? Are the banks CBDC ready? The awareness of CBDC in the banking sector is abysmally low. We need to have our financial system ready for it. The backward integration needs to be done and the awareness within the banking system needs to be built first. I believe that CBDC is great for business to business, but it is the adoption that will take time. If there are many other options, people may not go for a CBDC. So, people’s fears have to be allayed first and explained that this is a better system. But it’s very difficult to change people’s mindsets, especially in India where businesses are very traditional. It has to be in a staggered process of awareness, benefits, advantages, transparency and trust. It is a long-term process.', 'The India Blockchain Alliance (IBA) was set up in 2018 byRaj Kapoor— an advisory board member at over 50 blockchain companies — based on the idea the technology could help reshape financial, social and governance systems in the world’smost populousnation and make them more decentralized, open and equitable.\nWhile India’s government has warned aboutrisksin cryptocurrency trading, ithas shown support for blockchaintechnology as have several states in India. Pune state is adoptingblockchainto record real estate transactions to reduce fraud. Police in the northern state of Uttar Pradeshhave set upa blockchain-based online portal to ensure filed complaints cannot be tampered with or deleted.\nThe IBA, which said it works with startups and hundreds of colleges across India, is also apartnerwith the Nordic Blockchain Association and the FinTech Association of Sri Lanka.\nIn an interview withForkast’s Pradipta Mukherjee, Kapoor, who is also IBA’s chief executive officer, discussed the state of blockchain-based projects in India.\nThe following Q&A has been edited for clarity and length.\nPradipta Mukherjee:The IBA has been around for five years now. Tell us about your journey and the impact that IBA is looking to make in India?\nRaj Kapoor:When we set up in 2018, whenever we spoke about blockchain, everybody only asked about Bitcoin. They equated blockchain with Bitcoin and vice versa. One of the key reasons why I established this organization was to make people understand the impact of the technology and not necessarily crypto or Bitcoin. I also believe that India has the power to harness this technology because we have the right resources, but we don’t have the direction.\nMy two co-founders and myself first started with the education system. We started creating programs for universities, colleges, and institutions. Today we work with more than 250 universities and colleges across the country. We have set up centers of excellence. We teach blockchain at different levels depending on what type of universities or institutions they are.\nWe mentor a lot of startups. We do a lot of work with the government in terms of giving them advice on what could be blockchain interventions for policy, standards, [and] frameworks.\nMukherjee:What is thefuture of blockchainin India?\nKapoor:Any blockchain has a form of tokenization or a reward system. Entire asset classes are going to be tokenized. Today we have tokenized real estate, bonds, and we can tokenize any asset including green carbon credits. The next five to 10 years will see a major shift from the way things are today to getting tokenized and therefore accessible to most. Those tokens have nothing to do with crypto.\nI’m involved in more than 50-odd local projects and another 70 or 80 outside the country. Those are all blockchain projects that have nothing to do with crypto. What we do promote is the adoption of blockchain, distributed ledger technology and everything that flows with it, such as themetaverse, NFTs (non-fungible tokens), DeFi (decentralized finance) andWeb3.\nMukherjee:Can you talk about the blockchain projects you are working on in India?\nKapoor:For a couple of universities in India, we are putting certificates on the blockchain so that it’s easy for anybody across the world to verify the degree of an individual. IBA doesn’t have a tech team to create it. We design the architecture, the solutioning and the way forward, and then work together with implementation partners to complete the initiative.\nWe’re working on a private healthcare project where we are putting all health records on the blockchain, which can be accessed by all hospitals across India. We have got hospitals, physiotherapists, chemist shops, all into the ecosystem.\nWe’re also creating a complete human resource system on blockchain that allows for checks of the authenticity of resumes filed by potential employees.\nAnother pilot project we are doing in India is for women who face sexual harassment — whether it’s in public, work, even at home and within families. A lot of women victims don’t know where to go, so we created a blockchain-based app where women report anonymously. The project is in the beta phase, yet we already have more than 140,000 women on the platform, which is surprising.\nWith theGoa Government, I’m doing a lot of projects on the blockchain, primarily, putting all land records on the blockchain. After Goa gained independence, one of the main problems was the lack of land records and there were many cases of duplication.\nMukherjee:What are the shortcomings that you face when working on these projects in India?\nKapoor:First is blockchain interoperability. The interconnectivity is not cheap and it’s not guaranteed.\nThe second is the number of transactions per second. For instance, if you suddenly have 100,000 people logging in within minutes of each other, the process becomes slower.\nThe third is lack of awareness. Once the public is aware of the benefits of blockchain, the adoption will be better. Right now, adoption is lackadaisical to say the least.\nThe fourth, is security concerns. Now, whenever there is interoperability, it is through a bridge. This bridge has vulnerabilities that are not recognized by most Indian companies. Therefore, security, interoperability, transaction speed, and awareness are the main problems.\nMukherjee:There were talks aboutremote votingduring polls using blockchain. Has that taken off in India?\nKapoor:There is apilot program happening in Telangana[in south India]. It is great for people who are not in the state and wish to vote, or for the elderly who don’t want to stand in line at polling booths. What we have not identified completely are the security plugs so that we have a sacrosanct safe system.\nMukherjee:Where do you seeIndia’s central bank digital currency(CBDC) adoption headed?\nKapoor:We talk about CBDC [but] are we CBDC ready? Are the banks CBDC ready? The awareness of CBDC in the banking sector is abysmally low.\nWe need to have our financial system ready for it. The backward integration needs to be done and the awareness within the banking system needs to be built first.\nI believe that CBDC is great for business to business, but it is the adoption that will take time. If there are many other options, people may not go for a CBDC. So, people’s fears have to be allayed first and explained that this is a better system. But it’s very difficult to change people’s mindsets, especially in India where businesses are very traditional. It has to be in a staggered process of awareness, benefits, advantages, transparency and trust. It is a long-term process.', 'A Note From Louis: InvestorPlace’s partners over at TradeSmith have been working on Project An-E , a powerful new AI tool to help investors make stock predictions. Earlier this month, at the AI Predictive Power Event , I sat down with TradeSmith CEO Keith Kaplan to talk about their exciting research. You can catch that here . Thomas Yeung, a market analyst at InvestorPlace.com and manager of the Omnia Portfolio , took An-E out for a spin to see what it can do. And so, I invited Tom to share his findings here at Market 360 . *********** InvestorPlace - Stock Market News, Stock Advice & Trading Tips It turns out that AI is astonishingly good at picking stocks. Several notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to process enormous amounts of news headlines for short-term trades . Others take a more deliberate, quantitative approach for portfolio construction . Regardless of the method, artificial intelligence models work because of two truths: AI is particularly talented at detecting patterns. And the stock market is full of these patterns. That makes these “neural networks” particularly powerful at producing winning investment ideas. History often repeats itself, and AI models excel at telling investors when they have seen something before. Models such as TradeSmith’s powerful new AI tool, known as An-E, which helps investors make stock predictions. I recently used it to find five top stocks that could double your money or more within a year with proper rebalancing. Let’s see how it did… 1. Applied Digital (APLD) Dallas-based Applied Digital Corporation ( APLD ) tops TradeSmith’s list of high-potential stocks. Their AI system expects the stock will return 15% in a month, suggesting 400% upside within a year if the proceeds are reinvested at the same growth rate next month. Applied Digital is a former Bitcoin ( BTC ) mining company that now owns and operates high-performance data centers. The firm changed its name from Applied Blockchain to Applied Digital in November 2022 to reflect the pivot and has since entirely dropped its crypto mining operations. Story continues Shares of the company are up almost 400% this year Analysts expect growth to accelerate. Applied Digital’s revenues are projected to hit $60 million this year and $300 million in 2024 as computing demand from AI and machine learning continue to rise. Investors, of course, need to be careful. Applied Digital generates a significant portion of its revenues from crypto mining customers (even though it mines none itself). A sudden fall in Bitcoin prices will have knock-on effects to its share price. 2. Fastly (FSLY) Fastly, Inc. ( FSLY ) is a content delivery network (CDN) that helps improve website performance by caching data and delivering content from nearby servers. When a user requests a website or application, Fastly determines which server is closest and sends data from that point. When I checked about a week ago, TradeSmith’s system expected Fastly to rise another 6% within a month, topping off its 97% year-to-date gain. A bottom-up analysis also paints a positive picture. The San Francisco-based firm recorded a 122.7% dollar-based net expansion rate in 2022, even better than its 120.9% rate the previous year. This figure rises when existing customers increase their usage of Fastly’s platforms. 3. Mobileye (MBLY) Shares of the Israeli self-driving firm Mobileye Global Inc. ( MBLY ) fell earlier this month after Intel Corporation ( INTC ) announced it was selling a $35 million stake in its former subsidiary. Many saw it as a vote of no-confidence. Nevertheless, TradeSmith’s system sees this as a positive buying opportunity. Mobileye shares are now expected to recover 6% over the next 30 days, a 101% annual growth rate. High-quality firms tend to rebound after selloffs, and TradeSmith’s AI believes the tech firm belongs in this category. Moreover, Intel’s recent Mobileye sale likely has more to do with profit-taking rather than any fundamental issue. Indeed, Intel might just need the money. The chipmaker also recently sold a fifth of its stake in a promising Austrian chip fabricator and is planning on spending billions through 2025 creating U.S.-based chip factories. Mobileye also remains a top company among Wall Street analysts. Analysts expect revenues to rise 31% in 2024 and 40% in 2025 – an extremely unusual level of acceleration. Their target price of $47 also represents a significant 30% upside for this ordinarily low-volatility stock. 4. FiscalNote Holdings (NOTE) FiscalNote Holdings, Inc. ( NOTE ) is an unusual pick for its relatively small market capitalization and negative price momentum. AI applications tend to pick more popular companies, especially those driven by sentiment analysis. However, FiscalNote’s 8% expected upside this month has an unusual catalyst: The company will join the Russell 3000 index at the end of this month. In May, right here in Market 360 , Louis noted that stocks can move 10% to 20% from the Russell Reconstitution alone . The realignment… creates forced buying pressure under small-cap stocks in the days following the preliminary add/delete lists. And on the Russell Reconstitution day, the trading volume can be explosive… The Russell Reconstitution could trigger an institutional stampede into the new stocks that are added to the Russell indices. FiscalNote’s inclusion in the index will cause hundreds of funds to suddenly jump in on the illiquid stock. The data analytics firm also has reasonable fundamentals, at least on a cash flow basis. Analysts expect revenues to grow 23% this year, and for operating cash flow to turn positive by 2024. Beware, however, that the firm has an unusually generous compensation structure for insiders. Gross margins have also failed to keep up with growth, often a sign that a company is dropping prices to manufacture growth. 5. Cloudflare (NET) Finally, investors seeking a safer route to AI riches should consider Cloudflare, Inc. ( NET ), the world’s largest provider of diversified content delivery network ( CDN) services. When I last checked, TradeSmith’s AI algorithm expected a 4.3% rise in a month, or a 68% annual rate of return. And an examination of Cloudflare’s business suggests this is entirely possible. Cloudflare operates over 100 data centers and serves up a fifth of all websites in the world. The company’s DDoS protection services (distributed denial-of-service) benefits from network effects, making the firm a popular choice even among tech giants that can afford to host their own content. Walmart Inc. ( WMT ) and Dell Technologies Inc. ( DELL ) use Cloudflare to host their e-commerce sites. Growth is also expected to continue at a rapid clip. Street estimates peg top-line growth at 30% through 2025, and for net income to rise roughly twice as fast. That indicates Cloudflare’s stock will grow into its seemingly high valuations. For those with shorter time frames, Cloudflare could also surprise to the upside over the short term. Analysts doubled their 2023 earnings per share estimates to 34 cents last April, and upward revisions are often a sign of short-term gains to come. What Chess Teaches Us About Living with AI Of course, not every AI algorithm can get stock-picking right. Some studies have shown that ChatGPT’s “limitations in its explainability and stability” prevent it from making consistent predictions. And even the best quantitative methods often have trouble differentiating between companies to buy on the dip… and those going straight to zero. But there’s a better way than entrusting all your money to an unpredictable robot. Consider the evolution of chess and AI. In 1997, IBM’s Deep Blue chess program stunned the world after beating then-world chess champion Garry Kasparov. For the first time, a machine had triumphed over the world’s top grandmaster. But today’s top players aren’t machines or humans. They’re a combination of both . Here’s Tina Huang, founder and chief technology officer of Transposit: After chess-playing programs became widely available, the combination of humans and chess-playing programs performed better than either did individually. In advanced chess, players use a program to explore the results of moves. Still, it is the human who controls the game. An advanced chess player marries human intuition with a computer’s ability to remember and calculate a staggering number of moves, countermoves and outcomes. The strongest chess players are when humans and AI work together, with moves being tested by each. This eliminates programming bugs like the one Deep Blue suffered during its first encounter with Kasparov and identifies new patterns that ordinary humans cannot see. And that is exactly why the research our partners at TradeSmith are doing is so revolutionary. As Louis mentioned earlier, during the AI Predictive Power Event , he sat down with TradeSmith CEO Keith Kaplan to talk about Project An-E . With Project An-E , Keith and his team didn’t chase the impossible dream of predicting the future or being right 100% of the time. What they did was look for an “edge” that they could exploit over and over again. To learn more about Project An-E, click here to watch the replay of the AI Predictive Project Event . Regards, Thomas Yeung, CFA Market Analyst, InvestorPlace.com The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: Microsoft Corp. ( MSFT ) and Amazon.com, Inc. ( AAPL ) Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video … exposing one of the most shocking events in our country’s history… and the one move every American needs to make today . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Did Elon Musk Just Trigger a New Netscape Moment? The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 5 Stocks That AI Predicts Will Double Your Money in a Year appeared first on InvestorPlace .', 'A Note From Louis:InvestorPlace’s partners over atTradeSmithhave been working onProject An-E, a powerful new AI tool to help investors make stock predictions. Earlier this month, at theAI Predictive Power Event, I sat down with TradeSmith CEOKeith Kaplanto talk about their exciting research.You can catch that here.\nThomas Yeung, a market analyst atInvestorPlace.comand manager of theOmnia Portfolio, took An-E out for a spin to see what it can do. And so, I invited Tom to share his findings here atMarket 360.\n*********\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIt turns out that AI is astonishingly good at picking stocks.\nSeveral notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to processenormous amounts of news headlines for short-term trades. Others takea more deliberate, quantitative approach for portfolio construction.\nRegardless of the method, artificial intelligence models work because of two truths:\n1. AI is particularly talented at detecting patterns.\n2. And the stock market is full of these patterns.\nThat makes these “neural networks” particularly powerful at producing winning investment ideas. History often repeats itself, and AI models excel at telling investors when they have seen something before.\nModels such as TradeSmith’s powerful new AI tool, known as An-E, which helps investors make stock predictions.\nI recently used it to find five top stocks that could double your money or more within a year with proper rebalancing.\nLet’s see how it did…\nDallas-basedApplied Digital Corporation(APLD) tops TradeSmith’s list of high-potential stocks.\nTheir AI system expects the stock will return 15% in a month, suggesting 400% upside within a year if the proceeds are reinvested at the same growth rate next month.\nApplied Digital is a formerBitcoin(BTC) mining company that now owns and operates high-performance data centers. The firm changed its name from Applied Blockchain to Applied Digital in November 2022 to reflect the pivot and has since entirely dropped its crypto mining operations.\nShares of the company are up almost 400% this year\nAnalysts expect growth to accelerate. Applied Digital’s revenues are projected to hit $60 million this year and $300 million in 2024 as computing demand from AI and machine learning continue to rise.\nInvestors, of course, need to be careful. Applied Digital generates a significant portion of its revenues from crypto mining customers (even though it mines none itself). A sudden fall in Bitcoin prices will have knock-on effects to its share price.\nFastly, Inc.(FSLY) is a content delivery network (CDN) that helps improve website performance by caching data and delivering content from nearby servers. When a user requests a website or application, Fastly determines which server is closest and sends data from that point.\nWhen I checked about a week ago, TradeSmith’s system expected Fastly to rise another 6% within a month, topping off its 97% year-to-date gain.\nA bottom-up analysis also paints a positive picture.\nThe San Francisco-based firm recorded a 122.7% dollar-based net expansion rate in 2022, even better than its 120.9% rate the previous year. This figure rises when existing customers increase their usage of Fastly’s platforms.\nShares of the Israeli self-driving firmMobileye Global Inc.(MBLY) fell earlier this month afterIntel Corporation(INTC) announced it was selling a $35 million stake in its former subsidiary. Many saw it as a vote of no-confidence.\nNevertheless, TradeSmith’s system sees this as a positive buying opportunity.\nMobileye shares are now expected to recover 6% over the next 30 days, a 101% annual growth rate. High-quality firms tend to rebound after selloffs, and TradeSmith’s AI believes the tech firm belongs in this category.\nMoreover, Intel’s recent Mobileye sale likely has more to do with profit-taking rather than any fundamental issue.\nIndeed, Intel might just need the money. The chipmaker also recently sold a fifth of its stake in a promising Austrian chip fabricator and is planning on spending billions through 2025 creating U.S.-based chip factories.\nMobileye also remains a top company among Wall Street analysts. Analysts expect revenues to rise 31% in 2024 and 40% in 2025 – an extremely unusual level of acceleration. Their target price of $47 also represents a significant 30% upside for this ordinarily low-volatility stock.\nFiscalNote Holdings, Inc.(NOTE) is an unusual pick for its relatively small market capitalization and negative price momentum. AI applications tend to pick more popular companies, especially those driven by sentiment analysis.\nHowever, FiscalNote’s 8% expected upside this month has an unusual catalyst:\nThe company will join the Russell 3000 index at the end of this month.\nIn May, right here inMarket 360, Louis noted that stockscan move 10% to 20% from the Russell Reconstitution alone.\nThe realignment… creates forced buying pressure under small-cap stocks in the days following the preliminary add/delete lists. And on the Russell Reconstitution day, the trading volume can be explosive…\nThe Russell Reconstitution could trigger an institutional stampede into the new stocks that are added to the Russell indices.\nFiscalNote’s inclusion in the index will cause hundreds of funds to suddenly jump in on the illiquid stock.\nThe data analytics firm also has reasonable fundamentals, at least on a cash flow basis. Analysts expect revenues to grow 23% this year, and for operating cash flow to turn positive by 2024.\nBeware, however, that the firm has an unusually generous compensation structure for insiders. Gross margins have also failed to keep up with growth, often a sign that a company is dropping prices to manufacture growth.\nFinally, investors seeking a safer route to AI riches should considerCloudflare, Inc.(NET), the world’s largest provider of diversifiedcontent delivery network (CDN) services.\nWhen I last checked, TradeSmith’s AI algorithm expected a 4.3% rise in a month, or a 68% annual rate of return. And an examination of Cloudflare’s business suggests this is entirely possible.\nCloudflare operates over 100 data centers and serves up a fifth of all websites in the world. The company’s DDoS protection services (distributed denial-of-service) benefits from network effects, making the firm a popular choice even among tech giants that can afford to host their own content.Walmart Inc.(WMT) andDell Technologies Inc.(DELL) use Cloudflare to host their e-commerce sites.\nGrowth is also expected to continue at a rapid clip. Street estimates peg top-line growth at 30% through 2025, and for net income to rise roughly twice as fast.\nThat indicates Cloudflare’s stock will grow into its seemingly high valuations.\nFor those with shorter time frames, Cloudflare could also surprise to the upside over the short term. Analysts doubled their 2023 earnings per share estimates to 34 cents last April, and upward revisions are often a sign of short-term gains to come.\nOf course, not every AI algorithm can get stock-picking right.\nSome studies have shown that ChatGPT’s“limitations in its explainability and stability”prevent it from making consistent predictions. And even the best quantitative methods often have trouble differentiating between companies to buy on the dip… and those going straight to zero.\nBut there’s a better way than entrusting all your money to an unpredictable robot.\nConsider the evolution of chess and AI.\nIn 1997, IBM’s Deep Blue chess program stunned the world after beating then-world chess champion Garry Kasparov. For the first time, a machine had triumphed over the world’s top grandmaster.\nBut today’s top players aren’t machines or humans.They’re a combination of both.\nHere’s Tina Huang, founder and chief technology officer of Transposit:\nAfter chess-playing programs became widely available, the combination of humans and chess-playing programs performed better than either did individually.\nThe strongest chess players are when humans and AI work together, with moves being tested by each. This eliminates programming bugs like the one Deep Blue suffered during its first encounter with Kasparovandidentifies new patterns that ordinary humans cannot see.\nAnd that is exactly why the research our partners at TradeSmith are doing is so revolut Last 60 Days of Bitcoin's Closing Prices:** [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $594,454,899,188 - Hash Rate: 334845664.7949681 - Transaction Count: 324274.0 - Unique Addresses: 622117.0 Social & AI Sentiment: - Fear & Greed Index: 0.59 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: It’s been a volatile year for the cryptocurrency sector, to put it mildly. The industry has faced unprecedented levels of scrutiny, scandals, and bad press thanks to high-profile fraud and financial missteps such as the collapse of the FTX crypto futures exchange and crypto-based hedge fund and the subsequent indictment of its now-infamous co-founder and CEO Sam Bankman-Fried. While most of the buzz has since blown over, the industry remains under a regulatory microscope, and many companies are still tangled up in litigation. Just this month, The Securities and Exchange Commission sued two crypto firms in two days because of alleged misconduct: Binance, the world’s largest crypto exchange, is accused ofoperating an illegal trading platformin the United States and misusing customer funds, while Coinbase, the country’s largest crypto platform, failedto register as an exchange, a legal requirement. But crypto seems to have survived its dark night of the soul and come out the other side with a surprising rebound. In fact, as Bitcoin prices have surged in recent months, so too have mining operations – and their associated carbon footprint. Despite all of the industry uncertainty, Bitcoin’s carbon emissions are currently at anall-time high, using nearly the same amount of energy annually as the entire nation of Austria, according to the University of Cambridge’sBitcoin Electricity Consumption Index. And that staggering energy footprint will almost certainly continue to balloon as the proof-of-work problems become more and more complex for miners to solve. Bitcoin’s shocking energy use is a result of the cryptocurrency’s mining process, which relies on a public ledger powered by the blockchain. In order for Bitcoin transactions to remain secure, authenticatable, and anonymous, each entry to the ledger is achieved through solving complex computational problems, a process known as “proof of work.” The ‘miner’ who solves this puzzle fastest receives a newly minted Bitcoin in return for their efforts. “Proof of work” is a process of pure trial and error – plugging in random solutions and hoping to hit it big. This means that high-power super-computers, which can make more calculations in a shorter time, have an advantage. But to keep the currency from being devalued as more and more miners mint new coins, solving for proof of work gets harder and harder according to the level of competition. By design, mining one Bitcoin always takes about 10 minutes. As a result, Bitcoin miners constantly have to use more and more computing power, and often have entire warehouses full of supercomputers working away. The result: the same amount of Bitcoin produced annually, but with constantly increasing energy use and carbon emissions. In 2009, you could mine Bitcoin using just a few seconds’ worth of household electricity; now, you would need to consume about9 years’ worth. But there may finally be a solution to this compounding problem:quantum computing. According to recentreportingfrom CoinsPaid Media, quantum computing-based systems have been modeled to be “vastly superior to classic mining equipment in terms of energy efficiency.” This finding is based on astudyconducted by researchers at the University of Kent in the United Kingdom, who compared the energy consumption of three different quantum computers when mining cryptocurrencies using the blockchain. The resulting potential energy savings are staggering. “We show that the transition to quantum-based mining could incur an energy saving—by relatively conservative estimates—of about roughly 126.7TWH, or put differently, the total energy consumption of Sweden in 2020,” the study states. And, unlike traditional mining equipment, which is already extremely advanced in its technology, quantum computers are still in their nascency and will likely become more refined to be even more energy-efficient in the near future. However, this discovery has some important caveats. “Quantum mining is only energy efficient when using equipment with about 512 qubits,” explains CoinsPaid Media. “Meanwhile, the most powerful quantum processors available on the market, the IBM Osprey and D-Wave D2, have only 433 and 512 qubits, respectively.” More importantly, quantum computingjust isn’t that evolved yet, and will have a long way to go before it can feasibly achieve these kinds of savings. Quantum computing may save the climate from Bitcoin, but it won’t be soon. And the timeline to avoid the worst impacts of climate change is a short one. By Haley Zaremba for Oilprice.com More Top Reads From Oilprice.com: • First Major Solar Power Plant Takes Shape In Azerbaijan • Rising Interest Rates And Inflation Threaten UK Manufacturing • Middle East Oil Prices Soar Amid Chinese Trading Frenzy Read this article on OilPrice.com... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• Revenue: €8.67m (down 66% from FY 2021).\n• Net loss: €2.41m (down by 118% from €13.4m profit in FY 2021).\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLooking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.\nPerformance of theGerman Capital Markets industry.\nThe company's shares are up 1.3% from a week ago.\nWhile it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis andyou can see our take on Bitcoin Group's balance sheet.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", "Bitcoin Group ( ETR:ADE ) Full Year 2022 Results Key Financial Results Revenue: \x808.67m (down 66% from FY 2021). Net loss: \x802.41m (down by 118% from \x8013.4m profit in FY 2021). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period Bitcoin Group Earnings Insights Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Performance of the German Capital Markets industry. The company's shares are up 1.3% from a week ago. Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Bitcoin Group's balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session You\x92ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here", "• Revenue: €8.67m (down 66% from FY 2021).\n• Net loss: €2.41m (down by 118% from €13.4m profit in FY 2021).\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLooking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.\nPerformance of theGerman Capital Markets industry.\nThe company's shares are up 1.3% from a week ago.\nWhile it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis andyou can see our take on Bitcoin Group's balance sheet.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", 'Jack Dorsey and Elon Musk. Joe Raedle, Michael Gonzalez/Getty Images Jack Dorsey said "running Twitter is hard" as users hit out at Elon Musk for imposing "rate limits." Dorsey said "I don\'t wish that stress upon anyone" after Musk capped how many tweets users can see. Musk said the limits were "temporary" and walked back on the numbers several times on Saturday. Heavy is the head that wears the crown – at least that\'s how it seems Jack Dorsey is feeling. The Twitter co-founder said Saturday that "running Twitter is hard" after Elon Musk sparked a backlash by announcing "rate limits" on viewing tweets. Many users criticized his decision after he announced the sudden changes. "I don\'t wish that stress upon anyone," Dorsey tweeted. "I trust that the team is doing their best under the constraints they have, which are immense. It\'s easy to critique the decisions from afar … which I\'m guilty of … but I know the goal is to see Twitter thrive. It will." Musk said Saturday that Twitter was placing temporary tweet-viewing rate limits restricting how many posts users can see. He blamed the decision on "extreme levels" of data scraping from AI companies. The Twitter CEO informed users of the changes hours after there were more than 13,000 reports of outages of the platform in the US and UK, per DownDetector. Many users got a notification that read: "Sorry, you are rate limited. Please wait a few moments then try again." It came after Musk said Friday that users would need to sign in to view tweets and that it wouldn\'t show tweet preview when links are shared on other platforms. Dorsey also said after the new restrictions were announced that he hopes Twitter will build on "censorship-resistant open protocols" such as Bitcoin, which he said was "good for all, and\xa0critical to preserve the open internet." The former CEO stepped down in November 2021 after leading the company since 2006 and announced Parag Agrawal as his successor, who Musk fired when he acquired Twitter for $44 billion. Story continues Musk walked back on the number of tweets accounts can view a day several times on Saturday. First he said verified accounts could read 6,000 posts per day, while unverified and newly created unverified accounts would be able to see just 600 and 300 posts per day. A few hours later he said it was increasing the rate limits to "8000 for verified, 800 for unverified & 400 for new unverified"\xa0 before changing the rules again and saying "now to 10k, 1k & 0.5k." Twitter did not respond to a request for comment from Insider, as it changed its policy for interacting with the media earlier this year. Read the original article on Business Insider', 'Jack Dorsey and Elon Musk. Joe Raedle, Michael Gonzalez/Getty Images Jack Dorsey said "running Twitter is hard" as users hit out at Elon Musk for imposing "rate limits." Dorsey said "I don\'t wish that stress upon anyone" after Musk capped how many tweets users can see. Musk said the limits were "temporary" and walked back on the numbers several times on Saturday. Heavy is the head that wears the crown – at least that\'s how it seems Jack Dorsey is feeling. The Twitter co-founder said Saturday that "running Twitter is hard" after Elon Musk sparked a backlash by announcing "rate limits" on viewing tweets. Many users criticized his decision after he announced the sudden changes. "I don\'t wish that stress upon anyone," Dorsey tweeted. "I trust that the team is doing their best under the constraints they have, which are immense. It\'s easy to critique the decisions from afar … which I\'m guilty of … but I know the goal is to see Twitter thrive. It will." Musk said Saturday that Twitter was placing temporary tweet-viewing rate limits restricting how many posts users can see. He blamed the decision on "extreme levels" of data scraping from AI companies. The Twitter CEO informed users of the changes hours after there were more than 13,000 reports of outages of the platform in the US and UK, per DownDetector. Many users got a notification that read: "Sorry, you are rate limited. Please wait a few moments then try again." It came after Musk said Friday that users would need to sign in to view tweets and that it wouldn\'t show tweet preview when links are shared on other platforms. Dorsey also said after the new restrictions were announced that he hopes Twitter will build on "censorship-resistant open protocols" such as Bitcoin, which he said was "good for all, and\xa0critical to preserve the open internet." The former CEO stepped down in November 2021 after leading the company since 2006 and announced Parag Agrawal as his successor, who Musk fired when he acquired Twitter for $44 billion. Story continues Musk walked back on the number of tweets accounts can view a day several times on Saturday. First he said verified accounts could read 6,000 posts per day, while unverified and newly created unverified accounts would be able to see just 600 and 300 posts per day. A few hours later he said it was increasing the rate limits to "8000 for verified, 800 for unverified & 400 for new unverified"\xa0 before changing the rules again and saying "now to 10k, 1k & 0.5k." Twitter did not respond to a request for comment from Insider, as it changed its policy for interacting with the media earlier this year. Read the original article on Business Insider', 'Illustration by Mitchell Preffer for Decrypt It was a relatively quiet week in the cryptoverse. The most significant bit of adoption news came from Buckingham Palace on Thursday when British King Charles signed his assent to a reform bill that now recognizes crypto trading as a regulated activity. Similarly, European parliamentarians announced their own crypto-focused regulatory reforms. On Tuesday 27/06 @EP_Economics negotiators struck a deal on changes to Capital Requirements Regulation & Directive #CRR & #CRD @jonasfernandez w/ #EU2023SE details will follow pic.twitter.com/7eRCgk7Eg5 — ECON Committee Press (@EP_Economics) June 27, 2023 These were hardly discussed on Twitter, though. More attention was given to Apple’s removal of decentralized social networking app Damus from the App Store. Apple had given Damus a fortnight to remove its Bitcoin tipping feature (via the Layer 2 Lightning Network) and bring the app into compliance by integrating it with Apple’s own in-house payments mechanism. On Monday, Damus tweeted that it had updated its app to bring it into compliance, yet was still removed from the store. Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped. Users are only ever tipped after posts are made, the idea that content is being sold is nonsense. We will be filing… pic.twitter.com/Su945kE37v — Damus⚡️ (@damusapp) June 26, 2023 The following day, Bitcoin-loving Block CEO Jack Dorsey criticized Apple for encroaching on users’ and creators’ financial freedom. Coinbase CEO Brian Armstrong supported his argument. Story continues It\'s really crazy that Apple will unilaterally block you from running the software you want on your own device. One of the most disrespectful parts of their culture, and it\'s damaging to their brand. https://t.co/n1Mo9jPBzX — Brian Armstrong 🛡️ (@brian_armstrong) June 27, 2023 Crypto journalist Ekin Genç shared a chart on Monday highlighting the explosive growth of Ethereum staking over the last two and a half years. staked eth now exceeds eth on centralised exchanges pic.twitter.com/GYIt9dq3om — ekin (@eking0x) June 26, 2023 Crypto custodian and fintech infrastructure company Prime Trust LLC landed in hot water with Nevada’s Financial Institutions Division, according to Crypto Twitter news account @tier10k . The allegations are pretty damning. FID alleged Prime Trust lost access to legacy wallets in 2021 and used customer assets to buy back crypto oh brother https://t.co/2rrW2jpmDr pic.twitter.com/zjebYPAkcA — db (@tier10k) June 27, 2023 Solana co-founder and Chief Operating Officer Raj Gokal got excited about Futurama’s revival on Hulu. The new episodes appear to reference crypto and COVID. How very zeitgeisty! YES! @aeyakovenko the universe is once again conspiring in our favor. and they have a crypto episode!! https://t.co/udjnCH6QwD — raj 💀 (@rajgokal) June 27, 2023 That day, Brian Armstrong accused the U.S. of “squandering an early lead” in the adoption and regulation of crypto before reiterating his tireless call for sensible regulation. Coinbase is a publicly listed U.S. company, but it has recently been expanding into other territories due to the harsh domestic regulatory climate. The U.S. is squandering an early lead, in part because SBF embarrassed some politicians and regulators who now want to look tough on crypto. Pretty much everyone else has moved on though, and FTX is not really discussed in UK, UAE, etc. The way to solve it is just get sensible… https://t.co/8HAeWiB7Mi — Brian Armstrong 🛡️ (@brian_armstrong) June 26, 2023 Presidential candidate Robert F. Kennedy Jr is trying to position himself as the crypto-friendly option. Looks like he has Michael Saylor’s vote. The next President will be a pro-Bitcoin President. — Michael Saylor⚡️ (@saylor) June 27, 2023 Speaking of Bitcoin believers, if you’ve been wondering what MicroStrategy’s chairman has been up to lately, then wonder no more. He’s still Buying More Bitcoin. MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin . As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR https://t.co/joHo1gEnR0 — Michael Saylor⚡️ (@saylor) June 28, 2023 Bloomberg ETF expert Eric Balchunas explained how ARK Invest’s amended proposal to the SEC for a Bitcoin spot ETF has given the company a head start on BlackRock. BlackRock is the world’s largest asset management company, stewarding a whopping $9 trillion in assets. Of the 576 ETF applications it has made to the SEC, 575 of them have been approved to date, so it makes sense that other ETF-hungry firms are looking at BlackRock’s filing for tips for their own. JUST IN: ARK has amended their 19b-4 for spot bitcoin ETF to include a surveillance sharing agreement bt CBOE and a crypto exchange (likely Coinbase), which makes their\'s like BlackRock\'s filing now, and puts them in pole position to be approved first bc they filed first. pic.twitter.com/P8PCmPdhln — Eric Balchunas (@EricBalchunas) June 28, 2023 Market data from Kaiko suggests that Bitcoin’s correlation with tech equities has hit a three-year low. #Bitcoin ’s correlation with the tech-heavy Nasdaq collapsed to just 3% in June, hitting its lowest level in nearly three years. pic.twitter.com/BUbijQiVv9 — Kaiko (@KaikoData) June 29, 2023 Finally, self-proclaimed “Internet Detective Exposing Scams” Coffeezilla jumped on a bit of content by notorious influencer/scammer Logan Paul. Hey Logan, was promising $1.8 million in refunds to CryptoZoo victims, and 6 months later not paying "another masterclass in marketing"? Asking for all the people who got scammed by you and the criminals you hired.🙏 https://t.co/wRS4yE24Jb — Coffeezilla (@coffeebreak_YT) June 29, 2023 Paul did not respond.', 'It was a relatively quiet week in the cryptoverse. The most significant bit of adoption news came from Buckingham Palace on Thursday when British King Charlessigned his assentto a reform bill that now recognizes crypto trading as a regulated activity. Similarly, European parliamentarians announced their own crypto-focused regulatory reforms.\nThese were hardly discussed on Twitter, though. More attention was given to Apple’s removal of decentralized social networking app Damus from the App Store. Apple had given Damus a fortnight to remove its Bitcoin tipping feature (via the Layer 2 Lightning Network) and bring the app into compliance by integrating it with Apple’s own in-house payments mechanism.\nOn Monday, Damus tweeted that it had updated its app to bring it into compliance, yet was still removed from the store.\nThe following day, Bitcoin-loving Block CEO Jack Dorsey criticized Apple for encroaching on users’ and creators’ financial freedom. Coinbase CEO Brian Armstrong supported his argument.\nCrypto journalist Ekin Genç shared a chart on Monday highlighting the explosive growth of Ethereum staking over the last two and a half years.\nCrypto custodian and fintech infrastructure company Prime Trust LLC landed in hot water with Nevada’s Financial Institutions Division, according to Crypto Twitter news account@tier10k. The allegations are pretty damning.\nSolana co-founder and Chief Operating Officer Raj Gokal got excited about Futurama’s revival on Hulu. The new episodes appear to reference crypto and COVID. How very zeitgeisty!\nThat day, Brian Armstrong accused the U.S. of “squandering an early lead” in the adoption and regulation of crypto before reiterating his tireless call for sensible regulation. Coinbase is a publicly listed U.S. company, but it has recently beenexpanding into other territoriesdue to the harsh domestic regulatory climate.\nPresidential candidate Robert F. Kennedy Jr is trying to position himself as the crypto-friendly option. Looks like he has Michael Saylor’s vote.\nSpeaking of Bitcoin believers, if you’ve been wondering what MicroStrategy’s chairman has been up to lately, then wonder no more. He’s still Buying More Bitcoin.\nBloombergETF expert Eric Balchunas explained how ARK Invest’s amended proposal to the SEC for a Bitcoin spot ETF has given the company a head start on BlackRock. BlackRock is the world’s largest asset management company, stewarding a whopping $9 trillion in assets. Of the 576 ETF applications it has made to the SEC, 575 of them have been approved to date, so it makes sense that other ETF-hungry firms are looking at BlackRock’s filing for tips for their own.\nMarket data from Kaiko suggests that Bitcoin’s correlation with tech equities has hit a three-year low.\nFinally, self-proclaimed “Internet Detective Exposing Scams” Coffeezilla jumped on a bit of content by notorious influencer/scammer Logan Paul.\nPaul did not respond.', "The possibility of a U.S. central bank digital currency (CBDC) has become a hot-button political issue in the U.S., but it appears that concern over such a monetary instrument is also shared by America’s neighbors to the north in Canada as well as among its forbearers across the pond in the UK.\nTwo surveys published last week—one by hardware wallet manufacturer Trezor and the other by financial news site WealthRocket—examined public attitudes toward CBDCs in the UK and Canada, respectively. Each one posed distinct questions, yet reached similar conclusions.\nPeople in Canada and the UK have clear reservations about the tech that central banks and governments across the globe are exploring as an alternative to cash. A majority of Brits said they were concerned about UK authorities having control over people’s funds, while 39% of Canadians said a loss of control over their finances was a concern.\n“There is a distrust of government in so many countries around the world,” Steven Lubka, head of private clients and family offices at Swan Bitcoin, toldDecryptin an interview. “They don't want to just hand over unilateral control over their money to their states.”\nUS 'Has Not Yet Determined Whether It Will Pursue a CBDC,' Says Treasury Official\nCBDCs are digital tokens, similar to stablecoins. But CBDCs are maintained by their respective governments or central banks as opposed to being issued by private companies on public networks like Cricle’s USDC or Tether’s USDT stablecoins.\nBoth surveys come as CBDC public comment periods come to a close in Canada and the UK. Responses to a Consultation Paper on CBDCs crafted by the Bank of England were due by Friday's end. Canada’s consultation came to a close on June 19.\nThe studies follow research done by the Cato Institute, a libertarian think tank, that found only 16% of Americans support the adoption of a CBDC, with greaterpushbackamong Republicans than Democrats.\nIn America, presidential candidate Robert F. Kennedy, Jr. has pointed to Canada as a reason to support Bitcoin. He said he wasinspired to support Bitcoinafter the Canadian government tried to quell protests against COVID-19 restrictions in the region by freezing protestors’ bank accounts.\nStill, 59% of the 1,500 CanadianssurveyedbyWealthRocketsaid they were willing to use CBDC for payments. 25% said they were not willing at all.\nCanada’s central bank, the Bank of Canada, has no plans to issue a CBDC anytime soon but is exploring the technology in case Canadian Parliament asks for one in the future, according to itswebsite.\nCanadian Conservative Pierre Poilievre last April said CBDC is a no-go if he’s ever elected prime minister, perReuters. It’s a position similar to Republican presidential nominee and Florida Governor Ron DeSantis, who vowed tostop a CBDCfrom being issued in the United States if he is elected president.\nIt’s not surprising that conservative-leaning politicians are more likely to express criticism of CBDC, said Lubka, describing it as a “paranoia wet dream” for people suspect of the government’s intentions.\nCanadian Lawmakers Want to Help Blockchain Businesses 'Flourish'\nEven though he’s sympathetic to some concerns, Lubka thinks the likelihood of CBDCs in America and countries with other developed economies is somewhat overblown, pointing to financial middlemen like banks and fintech companies that would be hurt.\n“It is just the quintessential embodiment of everything that has galvanized and mobilized conservative concerns for the last few decades,” he said. “The only thing they're wrong about is their probability of happening.”\nAmong the most common concerns of Canadians surveyed about a CBDC were the potential for fraud, the risk of cyber attacks, and the potential for cash to be phased out. But, rest assured, the Bank of Canadasaysthat paper bills are going nowhere.\nNotably, the least common concern among Canadians was a digital dollar rivaling cryptocurrencies and “challenging the rise” of digital assets. So, it appears Canadians either have some confidence in their digital wallets’ contents or couldn’t care less about what happens to crypto.\nIn terms of the potential benefits, safety and convenience were chief among Canadians. The BoC has signaled that a CBDC could help protect the Canadian economy’s stability from widespread use of cryptocurrency or CBDCs issued by other countries.\nWhile UK Prime Minister Rishi Sunaksuggestedthat the Bank of England’s CBDC project be dubbed “Britcoin” when he was Chancellor in 2021, the endeavor should not be confused with Satoshi Nakamoto’s namesake.\nA consensus has not been reached on whether the Bank of England will ultimately pursue a CBDC—or whether it would even use blockchain technology—but the UK central bank and HM Treasury has explored the possibility since 2021.\nThe digital pound, explored in a recentConsultation Paper, is sometimes referred to as “digital sterling,” the bank says. Yet, Trezor’s survey of found that among 1,000 Brits, 55% of had heard of the digital pound.\nThis contrasts with widespread awareness of CBDCs that has circulated in crypto corners for years. Bitcoin OGs like Erik Vorhees have described CBDC an “Orwellian spy surveillance nightmare,” while American whistleblower Edward Snowden has dubbed them “cryptofascist currencies.”\nBank of England Says ‘Britcoin’ CBDC Might Not Be on a Blockchain\n“The knowledge gap is an order of magnitude more” among the general public than within crypto when it comes to CBDCs, said Lubka. “I've been paying attention for years. This discussion has been ongoing on for years.”\nThe Trezor survey found that people, while they may not be familiar with CBDC, are wary of the potential features one might have.\nWhen it comes to giving authorities control of their funds, 73% said it would be concerning. Additionally, 67% of Brits were troubled by the idea that CBDCs could expire, with funds going away if they’re not spent.\nEchoing the CBDC skepticism of DeSantis, who said that a CBDC could be used to curtail purchases offirearms, 62% of Brtis expressed concern about control over which goods and services could be paid for using the tech.\nTrezor Bitcoin Analyst Josef Tětek said in a statement there’s a substantial mismatch between people’s knowledge of Britcoin and how it could possibly impact people in the UK.\n“It’s clear that the vast majority of people are not comfortable with financial authorities having the kind of powers that a CBDC could grant them,” he said. “Before the UK [...] goes too far down the path to roll-out, we need a comprehensive, society-wide debate with ordinary people.”", "The possibility of a U.S. central bank digital currency ( CBDC ) has become a hot-button political issue in the U.S., but it appears that concern over such a monetary instrument is also shared by America’s neighbors to the north in Canada as well as among its forbearers across the pond in the UK. Two surveys published last week—one by hardware wallet manufacturer Trezor and the other by financial news site WealthRocket—examined public attitudes toward CBDCs in the UK and Canada, respectively. Each one posed distinct questions, yet reached similar conclusions. People in Canada and the UK have clear reservations about the tech that central banks and governments across the globe are exploring as an alternative to cash. A majority of Brits said they were concerned about UK authorities having control over people’s funds, while 39% of Canadians said a loss of control over their finances was a concern. “There is a distrust of government in so many countries around the world,” Steven Lubka, head of private clients and family offices at Swan Bitcoin, told Decrypt in an interview. “They don't want to just hand over unilateral control over their money to their states.” US 'Has Not Yet Determined Whether It Will Pursue a CBDC,' Says Treasury Official CBDCs are digital tokens, similar to stablecoins. But CBDCs are maintained by their respective governments or central banks as opposed to being issued by private companies on public networks like Cricle’s USDC or Tether’s USDT stablecoins. Both surveys come as CBDC public comment periods come to a close in Canada and the UK. Responses to a Consultation Paper on CBDCs crafted by the Bank of England were due by Friday's end. Canada’s consultation came to a close on June 19. The studies follow research done by the Cato Institute, a libertarian think tank, that found only 16% of Americans support the adoption of a CBDC, with greater pushback among Republicans than Democrats. Canada’s Concerns In America, presidential candidate Robert F. Kennedy, Jr. has pointed to Canada as a reason to support Bitcoin. He said he was inspired to support Bitcoin after the Canadian government tried to quell protests against COVID-19 restrictions in the region by freezing protestors’ bank accounts. Story continues Still, 59% of the 1,500 Canadians surveyed by WealthRocket said they were willing to use CBDC for payments. 25% said they were not willing at all. Canada’s central bank, the Bank of Canada, has no plans to issue a CBDC anytime soon but is exploring the technology in case Canadian Parliament asks for one in the future, according to its website . Canadian Conservative Pierre Poilievre last April said CBDC is a no-go if he’s ever elected prime minister, per Reuters . It’s a position similar to Republican presidential nominee and Florida Governor Ron DeSantis, who vowed to stop a CBDC from being issued in the United States if he is elected president. It’s not surprising that conservative-leaning politicians are more likely to express criticism of CBDC, said Lubka, describing it as a “paranoia wet dream” for people suspect of the government’s intentions. Canadian Lawmakers Want to Help Blockchain Businesses 'Flourish' Even though he’s sympathetic to some concerns, Lubka thinks the likelihood of CBDCs in America and countries with other developed economies is somewhat overblown, pointing to financial middlemen like banks and fintech companies that would be hurt. “It is just the quintessential embodiment of everything that has galvanized and mobilized conservative concerns for the last few decades,” he said. “The only thing they're wrong about is their probability of happening.” Among the most common concerns of Canadians surveyed about a CBDC were the potential for fraud, the risk of cyber attacks, and the potential for cash to be phased out. But, rest assured, the Bank of Canada says that paper bills are going nowhere. Notably, the least common concern among Canadians was a digital dollar rivaling cryptocurrencies and “challenging the rise” of digital assets. So, it appears Canadians either have some confidence in their digital wallets’ contents or couldn’t care less about what happens to crypto. In terms of the potential benefits, safety and convenience were chief among Canadians. The BoC has signaled that a CBDC could help protect the Canadian economy’s stability from widespread use of cryptocurrency or CBDCs issued by other countries. England’s Unease While UK Prime Minister Rishi Sunak suggested that the Bank of England’s CBDC project be dubbed “Britcoin” when he was Chancellor in 2021, the endeavor should not be confused with Satoshi Nakamoto’s namesake. A consensus has not been reached on whether the Bank of England will ultimately pursue a CBDC—or whether it would even use blockchain technology—but the UK central bank and HM Treasury has explored the possibility since 2021. The digital pound, explored in a recent Consultation Paper , is sometimes referred to as “digital sterling,” the bank says. Yet, Trezor’s survey of found that among 1,000 Brits, 55% of had heard of the digital pound. This contrasts with widespread awareness of CBDCs that has circulated in crypto corners for years. Bitcoin OGs like Erik Vorhees have described CBDC an “ Orwellian spy surveillance nightmare ,” while American whistleblower Edward Snowden has dubbed them “ cryptofascist currencies .” Bank of England Says ‘Britcoin’ CBDC Might Not Be on a Blockchain “The knowledge gap is an order of magnitude more” among the general public than within crypto when it comes to CBDCs, said Lubka. “I've been paying attention for years. This discussion has been ongoing on for years.” The Trezor survey found that people, while they may not be familiar with CBDC, are wary of the potential features one might have. When it comes to giving authorities control of their funds, 73% said it would be concerning. Additionally, 67% of Brits were troubled by the idea that CBDCs could expire, with funds going away if they’re not spent. Echoing the CBDC skepticism of DeSantis, who said that a CBDC could be used to curtail purchases of firearms , 62% of Brtis expressed concern about control over which goods and services could be paid for using the tech. Trezor Bitcoin Analyst Josef Tětek said in a statement there’s a substantial mismatch between people’s knowledge of Britcoin and how it could possibly impact people in the UK. “It’s clear that the vast majority of people are not comfortable with financial authorities having the kind of powers that a CBDC could grant them,” he said. “Before the UK [...] goes too far down the path to roll-out, we need a comprehensive, society-wide debate with ordinary people.”", 'Actor Zachery Ty Bryan attends P.S. ARTS and OneWest Bank\'s Express Yourself 2016 at Barker Hangar on November 13, 2016 in Santa Monica, California. Joshua Blanchard/Getty Images for P.S. ARTS Former actor Zachery Ty Bryan is accused of pocketing $50,000 as part of a crypto scam. The four people told The Hollywood Reporter that Bryan promised to invest their money. However, they say they have yet to see a return. Former "Home Improvement" star Zachery Ty Bryan is accused of taking people\'s money as part of a cryptocurrency scam, according to The Hollywood Reporter. Bryan\'s profile has resurfaced years after his popular show ended in 1999 after an arrest in 2020 that led to a charge of felony strangulation . He is best known for his role as Brad Taylor on "Home Improvement," where he acted alongside stars Tim Allen and Jonathan Taylor Thomas. Now, four people who said they gave money to Bryan to buy digital coins for a startup called Producers Market told the Hollywood Reporter that Bryan took $50,000 of their money by promising to invest it in a cryptocurrency opportunity that did not exist. "I got duped," one source told The Hollywood Reporter. "It\'s a gut punch, for sure." Bryan was brought on as an adviser by the company after it heard about how the former child actor amassed a fortune on Bitcoin, according to The Hollywood Reporter. At the time, the company was considering a token sale — an offering of cryptocurrency tokens to private investors to help fund a startup or project. Shortly after, he began promoting the digital tokens. The problem was Producers Market had not established a token sale for the company at that point and ultimately decided against doing so, per the outlet. One woman who spoke to The Hollywood Reporter said she pulled together $5,000 as a "broke college student" after going on a date with Bryan, who convinced her to invest and presented her with a contract before she handed over the money. Other sources who spoke to The Hollywood Reporter said they also trusted the actor with their money because he was listed as a founding investment partner\xa0on the Producers Market website. Story continues A spokesperson for Producers Market told Insider in a statement that when the company discovered that Bryan was offering the nonexistent tokens, it "immediately issued a cease-and-desist demand to him." "Mr. Bryan misrepresented our company without our knowledge, participation or permission," John Collins, a spokesperson for Producers Market, said. "When we found out, we immediately issued a cease-and-desist demand to him. This activity is unacceptable and not a reflection of our mission to support the wellbeing of farmers and our food systems." In an interview with The Hollywood Reporter, Bryan claimed he was also confused by the situation. "This was not me running some shady scam deal or something — that\'s just not me," Bryan told the publication. He also said he still has a stake in the company and would return his stock to those accusing him of taking their money. Bryan has not faced any criminal charges for his time with Producers Market, and the people who spoke with The Hollywood Reporter said they did not alert authorities or pursue any legal action. The Hollywood Reporter feature on Bryan, who continues to act and promotes his conservative views on channels like Newsmax , also highlights the "fall" of the actor through interviews with friends and former costars. Allen also spoke to the outlet about his thoughts on Bryan\'s situation, calling him a "great kid who has grown into a complex man." "I don\'t know what happens when people get corrupted. You just don\'t know," Allen told The Hollywood Reporter. A spokesperson for Bryan did not immediately respond to Insider\'s request for comment. Update: July 2, 2023 — This story was updated with a statement from Producers Market. Read the original article on Business Insider', 'Actor Zachery Ty Bryan attends P.S. ARTS and OneWest Bank\'s Express Yourself 2016 at Barker Hangar on November 13, 2016 in Santa Monica, California. Joshua Blanchard/Getty Images for P.S. ARTS Former actor Zachery Ty Bryan is accused of pocketing $50,000 as part of a crypto scam. The four people told The Hollywood Reporter that Bryan promised to invest their money. However, they say they have yet to see a return. Former "Home Improvement" star Zachery Ty Bryan is accused of taking people\'s money as part of a cryptocurrency scam, according to The Hollywood Reporter. Bryan\'s profile has resurfaced years after his popular show ended in 1999 after an arrest in 2020 that led to a charge of felony strangulation . He is best known for his role as Brad Taylor on "Home Improvement," where he acted alongside stars Tim Allen and Jonathan Taylor Thomas. Now, four people who said they gave money to Bryan to buy digital coins for a startup called Producers Market told the Hollywood Reporter that Bryan took $50,000 of their money by promising to invest it in a cryptocurrency opportunity that did not exist. "I got duped," one source told The Hollywood Reporter. "It\'s a gut punch, for sure." Bryan was brought on as an adviser by the company after it heard about how the former child actor amassed a fortune on Bitcoin, according to The Hollywood Reporter. At the time, the company was considering a token sale — an offering of cryptocurrency tokens to private investors to help fund a startup or project. Shortly after, he began promoting the digital tokens. The problem was Producers Market had not established a token sale for the company at that point and ultimately decided against doing so, per the outlet. One woman who spoke to The Hollywood Reporter said she pulled together $5,000 as a "broke college student" after going on a date with Bryan, who convinced her to invest and presented her with a contract before she handed over the money. Other sources who spoke to The Hollywood Reporter said they also trusted the actor with their money because he was listed as a founding investment partner\xa0on the Producers Market website. Story continues A spokesperson for Producers Market told Insider in a statement that when the company discovered that Bryan was offering the nonexistent tokens, it "immediately issued a cease-and-desist demand to him." "Mr. Bryan misrepresented our company without our knowledge, participation or permission," John Collins, a spokesperson for Producers Market, said. "When we found out, we immediately issued a cease-and-desist demand to him. This activity is unacceptable and not a reflection of our mission to support the wellbeing of farmers and our food systems." In an interview with The Hollywood Reporter, Bryan claimed he was also confused by the situation. "This was not me running some shady scam deal or something — that\'s just not me," Bryan told the publication. He also said he still has a stake in the company and would return his stock to those accusing him of taking their money. Bryan has not faced any criminal charges for his time with Producers Market, and the people who spoke with The Hollywood Reporter said they did not alert authorities or pursue any legal action. The Hollywood Reporter feature on Bryan, who continues to act and promotes his conservative views on channels like Newsmax , also highlights the "fall" of the actor through interviews with friends and former costars. Allen also spoke to the outlet about his thoughts on Bryan\'s situation, calling him a "great kid who has grown into a complex man." "I don\'t know what happens when people get corrupted. You just don\'t know," Allen told The Hollywood Reporter. A spokesperson for Bryan did not immediately respond to Insider\'s request for comment. Update: July 2, 2023 — This story was updated with a statement from Producers Market. Read the original article on Business Insider', "Cameron Winklevoss slammed the Securities and Exchange Commission (SEC) for a history of failure on Saturday, noting that it has been ten years since the agency received what he called the first Bitcoin ETF application—and killed it.\nThe Winklevoss twins, who cofounded crypto exchange Gemini, first filed for a spot Bitcoin ETF-like trust in July 2013, moving early to establish an investment vehicle that tracks the price of Bitcoin and trades similarly to stock on exchanges like the Nasdaq.\nThe Winklevoss’ initial filing, along with a second attempt in 2018, was ultimatelyrejectedby the SEC. While futures-based Bitcoin ETFs have since gotten a regulatory green light in the U.S., the SEC claims that no spot ETF arrangement thus far proposed does enough to protect investors from “fraudulent and manipulative acts and practices.”\nSo, on the first filing’s 10-year anniversary, Winklevoss called out the agency for supposedly dragging its feet, recognizing every other application for a spot-based Bitcoin ETF has been stifled as well.\n“The SEC's refusal to approve these products for a decade has been a complete and utter disaster for U.S. investors,” he said, adding that the agency’s reluctance “demonstrates how the SEC is a failed regulator.”\nThese failures, according to Winklevoss, include cutting investors off from the best investment opportunity of the past decade. Or, as Winklevoss puts it, keeping investors “protected” from exposure to Bitcoin.\nAs the crypto market recoiled after the SEC’s bombshell lawsuits against Binance and Coinbase on June 5, BlackRock’s gambit to establish a spot Bitcoin ETF two weeks later reignited optimism on Crypto Twitter and pushed Bitcoin higher. Capping off a wave of Bitcoin ETF applications from other firms that followed—including Invesco, Wisdom Tree, and Valkyrie—Fidelitythrew its hatback into the ring last week.\nHowever, the SEC believes BlackRock and Fidelity’s recent Bitcoin ETF applications “aren’t sufficiently clear and comprehensive,” according to areportfrom theWall Street Journal.\nWinklevoss asserts that the complete lack of options for spot Bitcoin ETFs has “pushed” U.S. investors toward Grayscale’s Bitcoin Trust. Shares in Grayscale’s Bitcoin trust, launched in 2013, currently trade at a discount relative to its Bitcoin holdings due to shareholders’ inability to redeem their shares.\nWhile Winklevoss called the product “toxic,” he didn’t mention that converting Grayscale’s Bitcoin Trust into an ETF wouldlikely resolvethis discount, and the firm is currentlysuingthe SEC over repeated denials to do just that.\nWinklevoss has joined a chorus of critics who say SEC Chair Gary Gensler ispushing innovation offshore, and said the agency meanwhile thrust “investors into the arms of FTX” and made them victim “to one of the largest financial frauds in modern history.”\nSam Bankman-Fried, the former CEO and founder of FTX, has pleaded not guilty to a litany of charges he faces for conduct at the collapsed exchange, including fraud.\nSending investors abroad in search of Bitcoin exposure has also led them to do business with “unlicensed and unregulated venues,” Winklevoss claimed.\nGemini and the SEC are not on friendly terms. The regulatory agencyaccusedGemini of violating securities laws in January, alleging that its “Gemini Earn” product constitutes an unregistered securities offering. Retail investors could previously loan their crypto to the now-bankrupt firm Genesis—which was alsochargedby the SEC—in exchange for interest on deposits.\nNotably, Genesis and Grayscale are both owned by Digital Currency Group. And Genesis and Gemini have been engaged in a spat over a$900 million loanthat Gemini extended to the crypto lender.\nWinklevossconsidereda lawsuit against DCG and company CEO Barry Silbert earlier thisyear, but Gemini, Genesis, and DCGreachedan agreement “in principle” in February. However, GeminisaidDCG missed a $630 million loan repayment this past month and risks defaulting on its obligations.\nWinklevoss expressed hope that the SEC will “reflect on its dismal record” and focus on its stated duties, “instead of overstepping its statutory power and trying to act like the gatekeeper of economic life.”\nAdditionally, Winklevoss ended his post with accolades for “all those fighting the good fight to bring U.S. spot Bitcoin ETFs to life”—which, in practice, may preclude certain companies that have outstanding applications or lawsuits.", 'Cameron Winklevoss slammed the Securities and Exchange Commission (SEC) for a history of failure on Saturday, noting that it has been ten years since the agency received what he called the first Bitcoin ETF application—and killed it. The Winklevoss twins, who cofounded crypto exchange Gemini, first filed for a spot Bitcoin ETF-like trust in July 2013, moving early to establish an investment vehicle that tracks the price of Bitcoin and trades similarly to stock on exchanges like the Nasdaq. The Winklevoss’ initial filing, along with a second attempt in 2018, was ultimately rejected by the SEC. While futures-based Bitcoin ETFs have since gotten a regulatory green light in the U.S., the SEC claims that no spot ETF arrangement thus far proposed does enough to protect investors from “fraudulent and manipulative acts and practices.” So, on the first filing’s 10-year anniversary, Winklevoss called out the agency for supposedly dragging its feet, recognizing every other application for a spot-based Bitcoin ETF has been stifled as well. “The SEC\'s refusal to approve these products for a decade has been a complete and utter disaster for U.S. investors,” he said, adding that the agency’s reluctance “demonstrates how the SEC is a failed regulator.” Today marks 10 years since @tyler and I filed for the first spot Bitcoin ETF. The @SECGov \'s refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here\'s why: -"protected"… pic.twitter.com/xmK1xo1iX8 — Cameron Winklevoss (@cameron) July 2, 2023 These failures, according to Winklevoss, include cutting investors off from the best investment opportunity of the past decade. Or, as Winklevoss puts it, keeping investors “protected” from exposure to Bitcoin. As the crypto market recoiled after the SEC’s bombshell lawsuits against Binance and Coinbase on June 5, BlackRock’s gambit to establish a spot Bitcoin ETF two weeks later reignited optimism on Crypto Twitter and pushed Bitcoin higher. Capping off a wave of Bitcoin ETF applications from other firms that followed—including Invesco, Wisdom Tree, and Valkyrie—Fidelity threw its hat back into the ring last week. However, the SEC believes BlackRock and Fidelity’s recent Bitcoin ETF applications “aren’t sufficiently clear and comprehensive,” according to a report from the Wall Street Journal . Story continues Winklevoss asserts that the complete lack of options for spot Bitcoin ETFs has “pushed” U.S. investors toward Grayscale’s Bitcoin Trust. Shares in Grayscale’s Bitcoin trust, launched in 2013, currently trade at a discount relative to its Bitcoin holdings due to shareholders’ inability to redeem their shares. While Winklevoss called the product “toxic,” he didn’t mention that converting Grayscale’s Bitcoin Trust into an ETF would likely resolve this discount, and the firm is currently suing the SEC over repeated denials to do just that. Winklevoss has joined a chorus of critics who say SEC Chair Gary Gensler is pushing innovation offshore , and said the agency meanwhile thrust “investors into the arms of FTX” and made them victim “to one of the largest financial frauds in modern history.” Sam Bankman-Fried, the former CEO and founder of FTX, has pleaded not guilty to a litany of charges he faces for conduct at the collapsed exchange, including fraud. Sending investors abroad in search of Bitcoin exposure has also led them to do business with “unlicensed and unregulated venues,” Winklevoss claimed. Gemini and the SEC are not on friendly terms. The regulatory agency accused Gemini of violating securities laws in January, alleging that its “Gemini Earn” product constitutes an unregistered securities offering. Retail investors could previously loan their crypto to the now-bankrupt firm Genesis—which was also charged by the SEC—in exchange for interest on deposits. SEC Calls BlackRock, Fidelity Bitcoin ETF Applications Inadequate: WSJ Notably, Genesis and Grayscale are both owned by Digital Currency Group. And Genesis and Gemini have been engaged in a spat over a $900 million loan that Gemini extended to the crypto lender. Winklevoss considered a lawsuit against DCG and company CEO Barry Silbert earlier this year , but Gemini, Genesis, and DCG reached an agreement “in principle” in February. However, Gemini said DCG missed a $630 million loan repayment this past month and risks defaulting on its obligations. Winklevoss expressed hope that the SEC will “reflect on its dismal record” and focus on its stated duties, “instead of overstepping its statutory power and trying to act like the gatekeeper of economic life.” Additionally, Winklevoss ended his post with accolades for “all those fighting the good fight to bring U.S. spot Bitcoin ETFs to life”—which, in practice, may preclude certain companies that have outstanding applications or lawsuits. View comments', "Cameron Winklevoss slammed the Securities and Exchange Commission (SEC) for a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $594,789,120,569 - Hash Rate: 430515854.7363876 - Transaction Count: 309920.0 - Unique Addresses: 534333.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Total Revenue of $7.67 Million Group Gross profit of $2.99 Million Record Hosting revenue of $4.32 Million Energy Markets Revenue of $0.44 Million 121 Self-mined Bitcoin SHARON, Pa., May 15, 2023 --( BUSINESS WIRE )--Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson"), a digital infrastructure provider, is pleased to report unaudited financial results and highlights for the first quarter ending March 31, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230515005546/en/ Aerial view of Midland Expansion Deployment, Pennsylvania (Photo: Business Wire) Q1 2023 Financial and Business Highlights Revenue of $7.67 million Gross profit of $2.99 million Signed an expansion amendment for an additional 20MW at the Midland, PA facility, increasing the total facility to 120 MW of power available in Q2, 2023 Commenced construction of the final 70 MW of the 120 MW Midland, PA facility Started construction of the new 120 MW Sharon, PA facility, with 12 MW onsite available for energization in Q2, 2023. Corporate Developments Subsequent to Quarter End Sold greenfield Texas leases and transformers for $8.5 million in cash and stablecoin. Acquired new 24 MW facility in Corning, OH on long term lease. Commenced energization of final 70 MW for the Midland, PA facility. Raised circa $5 million equity capital in a registered direct offering to advance new site infrastructure, further development, potential acquisitions, miner acquisitions and working capital. Increased self mining machine count from 5,880 in March to 13,500 machines deployed as of May 10 2023 Strategic Focus Expansion of Bitcoin Self-Mining and Hosting Co-location operations to our projected 7.0 Exahash by Q4, 2023 with the potential to power up to 50,000 hosted and self mining machines. 1 Continue the expansion of our Pennsylvania and Ohio region facilities where the company has strategic relationships, favorable energy contracts and expansion opportunities. Continue with our market leading Energy Markets Program, which offers additional high margin revenue, provides financial flexibility and reduces overall costs of production. Expand upon a portfolio of sites in preferred geographies and jurisdictions for long term digital infrastructure capacity. Develop strategic partnerships and relationships with suppliers, customers and communities. Continue to offer quality hosting services to miners in addition to increasing self-mining capacity. Continue to research the market for attractive buying opportunities for the latest generation ASIC hardware Continue the research and development of ASIC hardware to ensure the most efficient and well performed units are deployed at our locations Story continues James Manning, CEO and Founder of Mawson Infrastructure , said, " The first quarter results reflect the transition of our business to the Midland facility. We are excited as we start turning on the additional capacity in Q2 and securing new facilities to facilitate Mawson’s growth through 2023." Liam Wilson, COO of Mawson Infrastructure , said, "Mawson has hit the ground running in 2023. Our operational team has been busy deploying units ahead of their scheduled Q2, 2023 turn on dates. We were also very pleased with the outcome from the sale of the Texas leases and transformers, and equally as excited about the new opportunity in Corning, Ohio. This is our first site in Ohio, and we look forward to bringing the initial 24 MW online ASAP. Our 20 MW expansion amendment in Midland, PA is a testament to our existing relationships." About Mawson Infrastructure Mawson Infrastructure Group Inc (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group Inc is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure. For more information, visit: www.mawsoninc.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as "expect," "intend," "plan," "anticipate," "believe," and "will," among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading "Risk Factors" included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 11, 2023, November 14, 2022 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. 1 Based on the continued development of the Midland and Sharon facilities to their maximum capacity. Statements about ASIC miner capacity and Exahash forecasts or goals in this document are not an assurance that Mawson will have that many ASIC miners available to deploy (whether self-mining or hosted units), or that Mawson will be able to achieve that EH goal. Mawson’s ability to deploy units and achieve EH goals will depend on many factors such as Mawson’s future ASIC miner purchases and sales, our ability to attract future hosting customers, and the number of ASIC miners’ customers have to deploy, and the efficient and hash rate of those miners. View source version on businesswire.com: https://www.businesswire.com/news/home/20230515005546/en/ Contacts Investor Contact: Brett Maas 646-536-7331 [email protected] www.haydenir.com... - Reddit Posts (Sample): [['u/Possible-Magazine23', 'Seeing DCA strategy been discussed a lot. But what about a "ladder-down" limit order strategy? Let me know your thought please!', 62, '2023-07-02 00:31', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/', 'Hey all,\n\nI\'m trying to come up with a strategy to add some more sats in the 2nd half of the year for the the next bull run. Given I already hold some, I don\'t want to chase any pump or fomo in. So instead of a traditional time-based DCA strategy, I\'m thinking maybe it\'s a better idea to "ladder-down" limit buy orders based on price (don\'t know if there\'s a better name for this). Below is an example.\n\nhttps://preview.redd.it/26bywffnhf9b1.png?width=312&format=png&auto=webp&v=enabled&s=8e3ccfc813d016096de6f2079cc292264cadd3fd\n\nIMO, comparing to DCA, this has at least 2 advantages -\n\n1. I personally view price as risk. This means I only buy when the risk is lower and automatically avoid it when risk is higher.\n2. This allows me to capture the downside volatility, aka "wicks". Those are not very uncommon for BTC and a limit order is basically the only way to capture them.\n\nThere are also 2 disadvantages -\n\n1. If the price goes sideway, I won\'t be able to add any.\n2. Risk of leaving money on an exchange and the opportunity cost of not having it in a safer place where you can get 5%+ now.\n\nI wanted to see what do y\'all think about this? What am I missing? Any thought, comment, or critic is highly appreciated!! \n\nUpdate: Just checked my Strike app and realized now I can do recurring buy using fund pulling by ach from a bank account, instead of depositing it first! This is very good news and makes time-based a bit more attractive!', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/', '14o7pvr', [['u/99698694444449686999', 17, '2023-07-02 01:14', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbh5o6/', 'If you have infinite amount of money, then yes, you will win on distance. Otherwise, read this article first:\n\nhttps://en.m.wikipedia.org/wiki/Martingale_(probability_theory)', '14o7pvr'], ['u/fireyproof', 16, '2023-07-02 02:01', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbn0sq/', "Nothing worse than sitting on the sidelines watching it pump. You know it's unfathomably valuable and these prices are a bargain.", '14o7pvr'], ['u/Beautiful_Bass_3060', 13, '2023-07-02 02:31', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbqjtf/', 'Literally any strategy works so long as you buy low', '14o7pvr'], ['u/Hank___Scorpio', 30, '2023-07-02 02:45', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqbs4tx/', 'I do a combination of the two. I dca weekly and then when my emergency fund becomes 150% of my target I ship that 50% to an exchange.\n\nI market buy immediately with 10% and then set 9 limit orders laddered down. If none hit, I clear them and repeat with another market buy and then 8 limit orders. Repeat until that money is exhausted.\n\nI usually use 2-4 weeks as my reset timer.', '14o7pvr'], ['u/berepere', 15, '2023-07-02 05:14', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqc8e1u/', 'two obvious risks (compared to DCA)\n\n\\- some orders never get executed, OR\n\n\\- all orders are executed quickly and the price is much lower', '14o7pvr'], ['u/joannew99', 13, '2023-07-02 05:21', 'https://www.reddit.com/r/Bitcoin/comments/14o7pvr/seeing_dca_strategy_been_discussed_a_lot_but_what/jqc97ek/', "Whatever works for you. I think it's a bit of overthinking though. When the price of BTC is $70k+ it won't really matter that you bought at $27k instead of $30k. And if the price of BTC starts running to $35k+, you will probably end up cancelling your ladder orders to FOMO in.\n\nPersonally, I buy now and forget about it.", '14o7pvr']]], ['u/experiencenonsense', "Why I don't waste my time debating with crypto proponents anymore", 87, '2023-07-02 01:07', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/', 'In my opinion, many of them are willfully ignorant, intellectually dishonest and purposely deceptive people. They never argue in good faith and love to jump from on predictable talking point to another. These people function more like cultists and religious apologists than technology proponents. \n\nBefore you even debate a point with them, you already know how the whole discussion will go. \n\nIt\'s always the same old stupid apologetics and dumb arguments all the time\n\n- "Bitcoin isn\'t bad for the environment - it actually incentivizes renewables!" \n- "Bitcoin isn\'t a greater fool asset - I can send it from wallet to another" (this is an actual argument from a big time bitcoin influencer) \n- "Bitcoin isn\'t negative sum game because it\'s sound money"\n- "But what about the stock market!"\n- "Fiat is programmed to go to zero!"\n- "Crypto represents freedom, self sovereignty and ownership! No one can ever take my crypto from me!"\n - "blah blah blah"\n\nIt\'s mentally exhausting explaining why they\'re wrong and honestly stupid to think the things they do. \n\nThere is one good thing that happened though, there was one guy that I went back and forth with for a few days. Mostly discussing how Bitcoin is a decentralized or a headless ponzi. Explained how all the realised profits only come from other speculators and how it\'s impossible for everyone to profit and explained how it\'s a greater fool asset. The guy really didn\'t have a good rebuttal. I mean how could he? Was he going to prove how Bitcoin was positive sum game? \n\nAnyways, the argument started going in circles. I summed up my points and left it at that. A few months later I see the same guy in another post saying Bitcoin is a ponzi and repeating some of the points I made almost verbatim. Sent him a message and had a nice friendly chat with dude. Felt wholesome. \n\nSo there\'s that I guess. \n\nWhat about you guys? Do you still debate with crypto people? Do you see any value debating and discussing crypto with enthusiasts?', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/', '14o8jcx', [['u/Potential-Coat-7233', 53, '2023-07-02 01:10', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbgnz4/', 'Outside of crypto, if someone is 100% sure of something and wants to have a conversation about it, they are most likely only concerned with bringing you to their position.\n\nI’m not 100% sure about most things.', '14o8jcx'], ['u/Mongorize', 19, '2023-07-02 01:26', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbiq72/', 'I’m with you on that. It’s actually like trying to debate with intellectually challenged Children. I just don’t engage anymore with them for two reasons:\n\n1) There’s no point as they’re far beyond brainwashed it’s just pointless\n\n2) I’m banned from all their subs because they don’t like it when you point out their scams', '14o8jcx'], ['u/experiencenonsense', 18, '2023-07-02 01:29', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbj2sz/', "Just mentally burnt out I guess. Keep hearing all the same nonsensical talking points again and again. \n\nHow many times and how many different ways can you explain why crypto is all just a bunch of bullshi pretending to be advanced technology and a financial revolution when it's really just a bunch of scams and gambling on inefficient poop.\n\n🤷\u200d♂️ I don't know. Just venting.", '14o8jcx'], ['u/Motor_Reputation_331', 18, '2023-07-02 02:05', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbnhry/', 'Tbh I don’t know a single person in real life that still cares about crypto and I don’t use other social media outside Reddit, so if it wasn’t for this site I would assume that no one cared anymore at all. \n\nAs far as I’m concerned crypto isn’t something to debate it’s just something to laugh at, it’s just unfortunate how much damage it’s doing to the environment before people finally let it die.', '14o8jcx'], ['u/AsteriAcres', 19, '2023-07-02 03:05', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqbudmy/', "Yes! This! I'm begging folks to ORGANIZE & ACTIVATE against them instead of trying to reason or debate with them. \n\nIf you're in Texas, please consider joining the Texas Coalition Against Cryptomining & everywhere else should join or support the National Coalition Against Cryptomining.", '14o8jcx'], ['u/halloweenjack', 14, '2023-07-02 04:01', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqc0n47/', 'If someone can watch Dan Olson\'s "Line Goes Up" or even spend about ten minutes or so going through Molly White\'s Web3 Is Going Just Great and still support crypto, then they\'re not worth wasting my time on. If they can\'t be bothered to do even that with an open mind, then they\'re definitely not worth my time. Legit businesses and investment opportunities don\'t shun criticism; cults have a plethora of ways of deflecting it. Everyone should know by now what happens when you put your tongue on the metal pole in freezing weather.', '14o8jcx'], ['u/experiencenonsense', 16, '2023-07-02 17:04', 'https://www.reddit.com/r/Buttcoin/comments/14o8jcx/why_i_dont_waste_my_time_debating_with_crypto/jqdzqyo/', 'Yeah Dan Olson\'s video was what did it for me. Actually I was so brainwashed at that point, that I didn\'t even watch it at first but immediately searched for "Dan Olson Debunked" and "Dan Olson Refuted". \n\nAlmost all the procrypto responses to him were along the lines of "oh he\'s right on something things but he\'s just mad and biased and has an agenda".\n\nI had come across critics like Peter Schiff and Nouriel Roubini before who I could just dismiss with "gold salesman" and "Fiat shill" who don\'t know anything about crypto. \n\nNo one was saying the same thing about Dan. So eventually I heard the whole video while driving. And it\'s crazy but he wasn\'t actually saying anything that I hadn\'t heard before from within the crypto community cat fights between eth and btc maxis and "nocoiners". \n\nThere was one line or part where he said something like "all the innovative solutions to blockchain are from problems introduced by the limitations of the blockchain itself"\n\nAt that time I was looking in L2s and ZK rollups and things like that so that point really stuck with me. \n\nThere was nothing I could say against the video and point out what he was wrong about, it looked like it was the same story for the crypto community as well. \n\nWhen he said the whole thing is a greater fool scam. I actually said "yeah, he\'s right technically but...(some weak excuse about future potential)" \n\nGradually and eventually I realised this whole thing was just based on narratives and not really about any kind of tech revolution. It\'s all about just number go up, greed and fooling others into pumping your bags. \n\nThe space is full of grifters and liars. \n\nYeah, I too don\'t understand how you can watch that whole video and still be into crypto.', '14o8jcx']]], ['u/L_man_2200', 'Is it all just a joke to him?', 33, '2023-07-02 03:22', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/', 'Hi, I’m a lurker here, but after recently seeing Elon’s page I wanted to share my frustrations here.\n\nHave you seen his recent activities? Dude isn’t taking any of the backlash seriously at all. Even now he’s choosing to hang out and joke with his dickriders instead of trying to fix the issues.\n\nOne of his recent responses was just a bunch of laughing emojis to tweet making light of someone complaining about the tweet viewing limit. Going like “You have the right to be critical of Musk on his own website, that is freedom.” Or whatever the fuck; and all of his replies are people either stroking his ego, mocking the person being ‘critical’, posting shitty AI art of him, or bitcoin scams. \n\nI swear, he’s doing this on purpose. He’s a idiot for sure, but it also feels like there’s something malicious in his actions. Why? For what reason? I don’t know, but it certainly feels like that to me.', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/', '14obe44', [['u/bodmcjones', 28, '2023-07-02 03:38', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqby3i3/', "He's in the early stages of doing a Howard Hughes. It's all fun and games until it isn't.", '14obe44'], ['u/Ssider69', 16, '2023-07-02 03:58', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc09un/', 'A joke? Who knows. \n\nElmo.wound up in a special place. Because TSLA has such a huge market cap investment banks really don\'t want to see it crash.\n\nThat has nothing directly to do with Twitter, unless of course he has to sell stock to cover his losses.\n\nAnd that is a problem. \n\nAll he had to do is leave it to the pros, be a brand ambassador. But like every mope that goes into Vegas thinking they have a "system" for beating the blackjack tables he doubled down making dumber and dumber moves.', '14obe44'], ['u/Hot-Bint', 24, '2023-07-02 04:28', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc3kul/', 'I feel you. This is parts deliberate, parts incompetence and a great big sprinkling of negligence (not paying bills, not retaining adequate staff).. He even made mockery of it by retweeting his parody account (No image)\n\n"The reason I set a “View Limit” is because we are all Twitter addicts and need to go outside.I’m doing a good deed for the world here.Also, that’s another view you just used."\n\ni.e.: "I meant to do that". Elon is so lost', '14obe44'], ['u/Hot-Bint', 27, '2023-07-02 04:32', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc40yg/', "Howard Hughes was talented and intelligent before the unraveling of his mind. Elon just cuts blow with ketamine and thinks he's clever. He's on par maybe with a former reality show host", '14obe44'], ['u/encapsulated_me', 17, '2023-07-02 04:37', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc4ixn/', 'He also suffered from extreme OCD and god knows what other serious mental issues. Musk is just an insufferable asshole.', '14obe44'], ['u/bringtwizzlers', 14, '2023-07-02 05:27', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqc9s78/', 'Also the unfunniest motherfucker to ever be born.', '14obe44'], ['u/babypho', 13, '2023-07-02 07:40', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqclwz7/', "I don't think it's a joke to him to be honest. I think he really does know it's a huge mess and that he's stressing over it. However, I do think he's too vain to admit that he fucked up, or maybe too egotistical to realize that he caused this. His reaction reminds me of what insecure kids do when they fuck up, which is crack some stupid joke and pretend like it's no big deal. He may be doing it subconsciously and is just pretending that this is all a huge meme. But I think he knows and is feeling the stress from this mess.", '14obe44'], ['u/bodmcjones', 12, '2023-07-02 08:05', 'https://www.reddit.com/r/EnoughMuskSpam/comments/14obe44/is_it_all_just_a_joke_to_him/jqcny3n/', "I think we romanticise Hughes a fair bit. He was born into immense wealth, lost a fair amount of money on buying into his fave forms of media (in Hughes' case, film), and drove one acquired studio into the ground. His businesses mostly did best when he left them in the care of others. He had to sell off his stock in TWA because his shareholders sued him for mismanagement. He is probably best remembered for a craft that had no practical purpose by the time it flew (once) and instantly became a museum piece. \n\nAnd beyond business, he had issues. He self-medicated extensively and unwisely, albeit he gained the habit for better reason than Musk did. He killed a pedestrian in a car crash while showing off to a socialite, and his unsafe working practices killed several during his movie making phase. He had an immense ego and a controlling attitude to women, was repeatedly accused of sexual harassment, held racist views and avoided taxes like the plague. \n\nOn the upside, he made some decent movies and some stinkers and certainly hired and worked with some great engineers, actors, accountants etc. And I think you could certainly argue that he was pretty fearless, until he had one crash too many, and in that he certainly differs from Elon.\n\nRegardless of all the above: my point was that Musk's mind, like Hughes', is taking a scenic route to an unpleasant destination.", '14obe44']]], ['u/pictogasm', 'Want to send USD from my LLC to an offshore vendor as BTC. What services are available?', 31, '2023-07-02 03:52', 'https://www.reddit.com/r/Bitcoin/comments/14obzsx/want_to_send_usd_from_my_llc_to_an_offshore/', 'I am in the US and have an LLC with a corporate bank account.\n\nI hired a creative contributor overseas, and they expressed a preference to be paid in bitcoin.\n\nWhat services are available that I can use to send take USD from my LLC bank account and deliver it as BTC to their wallet (at a reasonable exchange rate / spread)?\n\nThx.', 'https://www.reddit.com/r/Bitcoin/comments/14obzsx/want_to_send_usd_from_my_llc_to_an_offshore/', '14obzsx', [['u/senfmeister', 13, '2023-07-02 03:58', 'https://www.reddit.com/r/Bitcoin/comments/14obzsx/want_to_send_usd_from_my_llc_to_an_offshore/jqc0bff/', 'Strike', '14obzsx']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, July 02, 2023', 24, '2023-07-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/', '14oeffh', [['u/YouAreAnFnIdiot', 19, '2023-07-02 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqchgfm/', 'Half the year done', '14oeffh'], ['u/Yodel_And_Hodl_Mode', 13, '2023-07-02 08:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqcr7ue/', 'He did the math.', '14oeffh'], ['u/escendoergoexisto', 17, '2023-07-02 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqdp7bh/', 'When PA bores us with sideways slithering, I look to BB’s to indicate when the next move will happen. \n\nCurrently, 4H BB’s are maintaining a fairly narrow channel for about the past five days. Daily BB’s, however, are still spread to about an 8K range, due to the pump that started mid-June. So the most likely PA is continued crabbing until daily BB’s tighten. I’m still expecting one more upside move to set a new 2023 ATH when the crab ends.', '14oeffh'], ['u/babyjesusftw1', 15, '2023-07-02 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqe6xzn/', "It's not a credible rumor", '14oeffh'], ['u/Roygbiv856', 13, '2023-07-02 19:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqeg8ot/', 'Thought i included a pretty big disclaimer in there', '14oeffh'], ['u/jarederaj', 12, '2023-07-02 20:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqew29w/', 'Securities laws protect people. His mandate is to enforce securities laws, which is good for crypto. Securities laws are important and enforcement of those laws is essential for a well functioning society.\n\nSecurities laws are written in a way that puts the well-being of people first. It’s delusional to assert that crypto cares about people, or puts them first. Most crypto is an outright scam, let alone the classification as an unregistered security.\n\nThe foundations of securities laws are biblical.', '14oeffh'], ['u/Yodel_And_Hodl_Mode', 13, '2023-07-02 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14oeffh/daily_discussion_sunday_july_02_2023/jqeyn8r/', "I have to assume you're new or just typing nonsense for the sake of attempting to be controversial.\n\nEveryone here was euphoric when Bitcoin climbed above 20k in late 2020, surpassing its all time high from 2017. People were literally, euphoric. 70k will cause the same. And then, of course, 100k will bring on the next round of celebration here.\n\nAll in due time. And in the meantime, I'm buyin'.", '14oeffh']]], ['u/rBitcoinMod', 'Daily Discussion, July 02, 2023', 34, '2023-07-02 08:02', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14nnc4z/daily_discussion_july_01_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/', '14ogkse', [['u/United_Speaker5110', 13, '2023-07-02 08:48', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/jqcr8rb/', 'if project like bitcoin fails, normal folks have no hope\n\nbanks/goverments will have them by the balls forever', '14ogkse'], ['u/LuKeNuKuM', 11, '2023-07-02 09:41', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/jqcv4xt/', "I sometimes think about this and it's a truly horrible thought. Bitcoin is hope. If it fails it will hurt a lot of us in a way that's hard to describe.", '14ogkse'], ['u/Dizzy_Space_Invader', 17, '2023-07-02 15:42', 'https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/jqdp5dl/', 'It can’t fail. Pandora’s box has been opened. No going back.', '14ogkse']]], ['u/ModeratorsOfEurope', 'War in Ukraine Megathread LV (55)', 117, '2023-07-02 10:00', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/', '\nThis megathread is meant for discussion of the current Russo-Ukrainian War, also known as the Russian invasion of Ukraine. Please read our [current rules](https://www.reddit.com/r/europe/wiki/community_rules), but also the extended rules below.\n\n# News sources:\n\n- [The Guardian](https://www.theguardian.com/world/series/russia-ukraine-war-at-a-glance)\n\n- [Associated Press](https://apnews.com/hub/russia-ukraine).\n\n- [BBC News](https://www.bbc.com/news/world-60525350)\n\n- [Al Jazeera English](https://www.aljazeera.com/tag/ukraine-russia-crisis/)\n\n- [Financial Times "War in Ukraine" section](https://www.ft.com/war-in-ukraine)\n\nYou can also get up-to-date information and news from the [r/worldnews live thread](https://www.reddit.com/live/18hnzysb1elcs), which are more up-to-date tweets about the situation.\n\n### Current rules extension:\n \nExtended [r/europe ruleset](https://www.reddit.com/r/europe/wiki/community_rules) to curb hate speech and disinformation:\n\n- While we already ban hate speech, we\'ll remind you that hate speech against the populations of the combatants is against our rules. This includes not only Ukrainians, but also Russians, Belarusians, Syrians, Azeris, Armenians, Georgians, etc. The same applies to the population of countries actively helping Ukraine or Russia.\n\n- Calling for the killing of invading troops or leaders is allowed, but the mods have the discretion to remove egregious comments, and the ones that disrespect the point made above. The limits of international law apply. \n\n- No unverified reports of any kind in the comments or in submissions on r/europe. We will remove videos of any kind unless they are verified by reputable outlets. This also affects videos published by Ukrainian and Russian government sources.\n\n- Absolutely no justification of this invasion.\n\n- In addition to our rules, we ask you to add a NSFW/NSFL tag if you\'re going to link to graphic footage or anything can be considered upsetting, including combat footage or dead people.\n\n### Submission rules\n\nThese are rules for submissions to r/europe front-page.\n\t\n- No status reports about the war unless they have major implications (e.g. "City X still holding" would not be allowed, "Russia takes major city" would be allowed. "Major attack on Kherson repelled" would also be allowed.)\n\n- All dot ru domains have been banned by Reddit as of 30 May. They are hardspammed, so not even mods can approve comments and submissions linking to Russian site domains.\n - Some Russian sites that ends with `.com` are also hardspammed, like TASS and Interfax, and mods can\'t re-approve them.\n - The Internet Archive and similar archive websites are also blacklisted here, by us or Reddit.\n- We\'ve been adding substack domains in our u/AutoModerator script, but we aren\'t banning all of them. If your link has been removed, please notify the moderation team, explaining who\'s the person managing that substack page.\n- We ask you or your organization to not spam our subreddit with petitions or promote their new non-profit organization. While we love that people are pouring all sorts of efforts on the civilian front, we\'re limited on checking these links to prevent scam.\n- No promotion of a new cryptocurrency or web3 project, other than the official Bitcoin and ETH addresses from Ukraine\'s government.\n\n### META\n\n[Link to the previous Megathread LIV (54)](https://www.reddit.com/r/europe/comments/1431p5t/war_in_ukraine_megathread_liv_54/)\n\nQuestions and Feedback: You can send feedback via r/EuropeMeta or via [modmail](https://www.reddit.com/message/compose/?to=/r/europe).\n\n---\n \nDonations:\n\nIf you want to donate to Ukraine, check [this thread](https://www.reddit.com/r/europe/comments/t03lml/want_to_support_ukraine_heres_a_list_of_charities/) or [this fundraising account by the Ukrainian national bank](https://www.reddit.com/r/worldnews/wiki/ukrainewar#wiki_donations). \n\n---\n\nFleeing Ukraine\nWe have set up a wiki page with the available information about the border situation for Ukraine [here](https://www.reddit.com/r/worldnews/wiki/ukrainewar). There\'s also information at [Visit Ukraine.Today](https://visitukraine.today) - The site has turned into a hub for "every Ukrainian and foreign citizen [to] be able to get the necessary information on how to act in a critical situation, where to go, bomb shelter addresses, how to leave the country or evacuate from a dangerous region, etc."\n\n---\n\n### Other links of interest\n\n- [Live Map of Ukraine site](https://liveuamap.com/) and [Institute of War](https://understandingwar.org/) have maps that are considered reliable by mainstream media.\n\n- [Wikipedia: 2022 Russian invasion of Ukraine](https://en.wikipedia.org/wiki/2022_Russian_invasion_of_Ukraine)\n\n- [#UkraineFacts: an international coalition of journalists fact-checking media surrounding the war in Ukraine](https://ukrainefacts.org/)\n - DO NOT CONFUSE THIS WITH "War of Fakes". [Deutsche Welle (DW) has reported it as being a source of fake news](https://www.dw.com/en/ukraine-war-how-a-fact-checking-website-is-spreading-russian-propaganda/a-61062940), and the Russian Defense Ministry has linked this site in their tweets before.\n\n- [UNHCR refugee tracker focusing on Ukrainians](https://data2.unhcr.org/en/situations/ukraine)\n\n- [DeepL extension for Google Chrome](https://chrome.google.com/webstore/detail/deepl-translator/kgljlkdpcelbbmdfilomhgjaaefofkfh) and [DeepL extension for Firefox](https://addons.mozilla.org/en-US/firefox/addon/to-deepl/). DeepL is a good alternative to Google Translate for Russian and Ukrainian texts.\n\n---\n\n# Please obey the request of the Ukrainian government to [refrain from sharing info about Ukrainian troop movements](https://i.redd.it/5atggucaurj81.jpg)', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/', '14oijq5', [['u/LFGM-', 10, '2023-07-02 10:06', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqcwxj4/', 'We back?!?', '14oijq5'], ['u/GrappaDiPino', 13, '2023-07-02 10:06', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqcwyd7/', "Y'know, despite all the bad news and the false hopes we had last week, it feels nice to be back here again.", '14oijq5'], ['u/sibips', 12, '2023-07-02 10:24', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqcy7ty/', "Yup. But with no twitter posts, seems that they didn't pay their cloud services.", '14oijq5'], ['u/Plane_Willingness_25', 11, '2023-07-02 11:27', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqd2mng/', '@wartranslated: Despite the encouraging statements by Russian officials, the Antonovsky Bridge foothold is causing a very palpable concern among the Russians. All day yesterday they discussed the footage of Russian soldiers ending up under a heavy barrage while attempting to moor on the Dnieper in a small boat. This was followed by mass calls to find boats all across Russia and bring them in. Today, even Girkin who previously dismissed the perspectives of such a foothold, came out with a very long post saying Russians are unable to "dislodge" the Ukrainian defence forces', '14oijq5'], ['u/Zhukov-74', 17, '2023-07-02 12:16', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqd62a9/', 'Now that Twitter is inaccessible getting new information regarding the war in Ukraine is going to be such a pain in the ass.', '14oijq5'], ['u/Zhukov-74', 13, '2023-07-02 12:27', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqd6vhn/', 'Unregistered accounts can’t view tweets anymore and registered accounts can only see a certain amount of tweets each day.', '14oijq5'], ['u/Ugg-ugg', 13, '2023-07-02 13:56', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqddvpd/', "In Russia's contest on which tank model they can lose the most, the T-80BV tank (325 losses) has overtaken the T-72B3 tank (316 losses) according to the Oryx blog.\n\nDuring the break Russia also used their first T-54/T-55 in combat as a VIED (Vehicle Improvised Explosive Device). It got blown up before it reached Ukrainian lines.\n\nCurrently there are 2082 tanks lost by Russia with at least 1300 of these confirmed destroyed.\n\nhttps://www.oryxspioenkop.com/2022/02/attack-on-europe-documenting-equipment.html\n\nIn other news (which I can't link because Twitter) the Oryx blog is ending come October.", '14oijq5'], ['u/perestroika-pw', 18, '2023-07-02 14:57', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdjz6t/', 'Multiple sources including news media (ERR link [here](https://www.err.ee/1609023185/ekspert-wagneri-rahastuse-tunnistamine-on-toend-putini-vastu-kohtus), article in Estonian covers multiple topics) confirm that intense fighting continues for the Ukranian bridgehead near the ruined Antonivsky bridge (which used to cross the Dnipro at Kherson).\n\nIt is said that Ukranian troops take cover in the ruins of the bridge, and in the area of summer houses around the bridge landing point. Russian troops in the region are not the strongest, and have made repeated efforts to push Ukrainians "into the river", with no success. A strike with Iskander has been carried out, but didn\'t change the situation decisively.\n\nApparently, they cannot suppress Ukrainian supply lines which use small boats. But since the supply line works using small boats, Ukrainians have only very limited equipment.', '14oijq5'], ['u/GoodGollyGuitar', 14, '2023-07-02 15:15', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdm0lb/', 'The Ukrainians attempting to establish the bridgehead are possessed of unfathomable courage.', '14oijq5'], ['u/TheIncredibleHeinz', 25, '2023-07-02 16:14', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdt2uu/', 'If you thought setting up a repair hub for Leopards in Poland would surely go smoother than previous projects, well, think again.\n\n> When Boris Pistorius went before the cameras at the U.S. Ramstein Air Base on April 21, he had good news written down on his little speech slips. As early as the end of May, the defense minister announced almost proudly, a repair center would open in Poland for the Leopard main battle tanks supplied to Ukraine. Shortly before, Pistorius had signed a corresponding declaration of intent with his Polish colleague Mariusz Blaszczak on the fringes of the meeting of Ukraine supporters.\n\n> In Ramstein, Pistorius stressed in detail how important the German-Polish joint project is for Ukraine. For example, he said, the tank workshop will ensure that delivered weapons systems that come back from the front damaged or worn out in combat "can be quickly repaired and overhauled if necessary." Listening to Pistorius, the plan seemed concrete. Even the approximate cost of the so-called repair hub he could already put at around 150 million euros.\n\n> In the meantime, a good two months after the meeting in Ramstein, the optimism has faded, and not only for the minister. According to insiders from the defense industry, the German-Polish tank project has not yet made any progress. Instead, Berlin and Warsaw are wrangling relentlessly over the details of how the joint venture will be structured. A first draft of the contract has been available for several days. By the end of last week, however, the paper had not been signed because of various contentious points.\n\n> At first glance, the idea for the joint hub sounded impressively simple. First, the two German tank manufacturers Rheinmetall and Krauss-Maffei Wegmann (KMW) were to set up a joint venture. Together with the Polish state-owned armaments manufacturer PGZ, the plan was to set up a joint tank workshop at the Polish sites in Gliwice and Poznan. The cost of refurbishing the Leopards would have been borne by the German government.\n\n> However, industry circles say the project has so far been thwarted by Poland. For example, the Polish company PGZ had presented very idiosyncratic ideas for the costs of the work on the tanks; insiders spoke of "moon prices." For example, PGZ wanted to charge more than 100,000 euros for the so-called "initial diagnosis" of the tanks. In Germany, it\'s usually only about 12,000 euros for this diagnosis. In addition, PGZ does not want to provide any warranty for the repairs, which is also highly unusual.\n\n>German tank manufacturers have few illusions about what lies behind Poland\'s special requests. For months now, the government in Warsaw has been downright waging a campaign against Berlin. The ruling PiS party hardly ever misses an opportunity to rail against the German government. Even before the delivery of the battle tanks, Warsaw had publicly denounced Berlin as being a drag. It is therefore reasonable to assume that the quibbles over the tank hub are also politically motivated.\n\n>For the German defense minister, the situation is tricky. On the one hand, Boris Pistorius knows how important the hub is for the Ukrainian offensive. Already, several Leopard tanks in need of repair have arrived in Poland from Ukraine. So taking a long time to launch the repair center is not an option. At the same time, Pistorius will not like the impression that he was ripped off when it came to the terms of the joint project.\n\n>Pistorius will have the opportunity for a clarifying discussion on Monday. Together with his Polish colleague Blaszczak, he wants to visit a German Patriot air defense position in the Polish town of Zamość, which was stationed there to protect a freight station. Before the appointment, the two ministers will meet for an hour-long discussion. It could be the last opportunity to save the prestigious German-Polish project before the NATO summit in mid-July.\n\n> https://www.spiegel.de/politik/deutschland/berlin-und-warschau-streiten-ueber-leopard-werkstatt-a-8a3e52c0-6772-470b-8008-0c1390fb23a7', '14oijq5'], ['u/User929290', 26, '2023-07-02 16:17', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqdti5f/', 'Should set it in Romania or Moldova, Poland is not a reliable partner.', '14oijq5'], ['u/stupendous76', 19, '2023-07-02 16:28', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqduulf/', "> Pistorius will have the opportunity for a clarifying discussion on Monday.\n\nWhy should Pistorius have that discussion? Poland is to blame, let them explain why they act like this. \nSpoiler: they won't because, well, PiS.", '14oijq5'], ['u/FatFaceRikky', 22, '2023-07-02 17:20', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqe1tly/', 'Would probably be faster to put the tanks on a train and do it in Germany. That adds 2 days for the roundtrip, hardly a factor.', '14oijq5'], ['u/User929290', 33, '2023-07-02 17:50', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqe5zuv/', 'Wagner media group has been shut down\n\nhttps://www.reuters.com/world/europe/prigozhin-controlled-russian-media-group-shuts-amid-mutiny-fallout-2023-07-02/\n\nSo Wagner is rather officially no more. Ironically it was instrumental for Russia soft power in Africa.', '14oijq5'], ['u/WojciechM3', 22, '2023-07-02 20:03', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqeoex2/', "It may suprise you, but it may not be entirely PiS fault (nor German). Let me explain it to you below.\n\nPGZ is a holding company under which daughter-companies operates. Some of them are absolutely fantastic companies, like HSW (producing things like artillery guns, Borsuk IFV) or ZM Mesko (missile company). Unfortunately some others are complete mess.\n\nPolish facility responsible for maintain of Leopard 2 is probably most problematic company owned by PGZ. There are endless issues with them, just to mention Leo 2 modernisation program. Do you know why Krab SPG uses Korean chassis? Because original chassis provided by abovementioned company had so bad quality that army refused to accept it.\n\nWe don't know why no one ever sorted out how they operate. Believe me, probles mentioned by you are same problems which exist in their relations with a Polish Army.", '14oijq5'], ['u/ErwinErzaehler', 16, '2023-07-02 20:50', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqeuzlp/', ">I remind you that the service centre for PzH 2000 in Slovakia is still not working [link].\n\nDo you by any chance have an article that isn't 5 months old to support your claim that the Service center still isn't working? Other articles from around the same time (February) spoke about a solution to the problem after the german MoD Pistorius talked to his slovakian counterpart at the NATO-meeting on 15th of February.", '14oijq5'], ['u/ErwinErzaehler', 17, '2023-07-02 21:03', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqewp7u/', "One could also argue in the other direction, that the issue was solved, since it wasn't talked about after that. The repair hub still not working after 5 months would be a pretty newsworthy.", '14oijq5'], ['u/ErwinErzaehler', 12, '2023-07-02 21:34', 'https://www.reddit.com/r/europe/comments/14oijq5/war_in_ukraine_megathread_lv_55/jqf10pi/', 'I found an (paywalled) article from early April that suggest that the issue really was solved [link](https://www.sueddeutsche.de/politik/waffen-ukraine-wartung-rheinmetall-reparatur-rumaenien-1.5780919) (or https://archive. fo/2023.04.04-071536/https://www. sueddeutsche.de/politik/waffen-ukraine-wartung-rheinmetall-reparatur-rumaenien-1.5780919 (directly linking archived articles isn\'tallowed here, just remove the spaces in the URL)\n\n > Finally, the Slovakian defense company Konštrukta was brought in to solve the problems, including transport to and from the border. In the Ministry of Defense, the dedication of KNDS is praised, after all, more contracts had to be worked out and signed: Konštrukta with Ukraine, KNDS with Ukraine, and licenses were needed to transport the military equipment that was already jammed at the Ukrainian border.\nNow the operation is to start quickly, there is talk of this week, next week at the latest. "It\'s finally getting rolling," there is noticeable relief in the Defense Ministry.', '14oijq5']]], ['u/The-Sailor-01', 'Less than 300 days left to halving', 261, '2023-07-02 10:54', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/', "Today it's 299 days left to halving, according to [BitcoinHalving.info](https://bitcoinhalving.info/) . It seems like yesterday that the last halving occurred, but time flies. Looking forward to it!\n\nEDIT: someone asked via PM if the website is mine because they were interested in acquiring it. No, it's not mine, but I use it to keep track of the halving and I suggest everyone to bookmark it as well.", 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/', '14ojfo9', [['u/b__i__t', 54, '2023-07-02 11:10', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd1fky/', 'Only 10 months left already?!', '14ojfo9'], ['u/trrum', 34, '2023-07-02 12:00', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd4vzq/', 'Thats anyone’s guess. In the meantime stack sats, take care of yourself and loved ones and live life', '14ojfo9'], ['u/The-Sailor-01', 12, '2023-07-02 12:01', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd4zhw/', 'Since the reward drops to only 3.125 BTC, the price will likely increase.', '14ojfo9'], ['u/TillATH_145K', 23, '2023-07-02 12:28', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd6wfp/', 'I am getting so excited, i remember my first halving watching that countdown clock. Then bang from 25 to 12.5 next block like magic. 6.25 is gonna be sweet as', '14ojfo9'], ['u/Starkgaryen69', 12, '2023-07-02 12:39', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd7pzz/', 'Time flies', '14ojfo9'], ['u/Outrageous_Duty_8738', 28, '2023-07-02 12:54', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqd8t60/', '10 months in crypto is like a lifetime things can change so much in the blink of an eye but to all Bitcoin holders I hope it will be profitable for us all', '14ojfo9'], ['u/jojothehodler', 47, '2023-07-02 14:09', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqdf4fj/', "It's already 6.25\n\nIt's gonna be 3.125", '14ojfo9'], ['u/TillATH_145K', 17, '2023-07-02 14:21', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqdg7pz/', 'Oops .. even better yet', '14ojfo9'], ['u/SleepCom', 12, '2023-07-02 21:06', 'https://www.reddit.com/r/Bitcoin/comments/14ojfo9/less_than_300_days_left_to_halving/jqex4xy/', 'OG here.\n\nBack in the day, they used to say that the halvening was "priced in" all the time. Because everyone KNEW the supply would cut in half, they also knew the price would increase, and therefore had already started pre-purchasing bitcoin in preparation for the event. The theory was that all that demand would increase the price of BTC so much before the halvening that the actual post-halvening price would probably be the same. This never was the case. \n\nIt doesn\'t matter that everyone interested and buying bitcoin knew the supply would be cut in half. The price of BTC always skyrocketed after the halvening when compared to what people valued it before. You could show everyone a crystal ball that proves the future price of bitcoin, and no one would believe it. It\'s math that no one is willing to bet on. \n\nBTC is going to go through a long legal fight. It\'s going to need clarification on a global scale. That means politics and business working together. How fast that happens depends on your flavor of both. The beautiful thing about the bitcoin network is that it exists outside the realm of politics, and it\'s only useful for business when it\'s neutral. Bitcoin will win in the end, but it\'s going to smash through some nasty barriers first. \n\nAs the price of bitcoin increases, and the culture of Western governments tends towards authoritarian leftism, expect there to be some cultural anger/angst at those that own bitcoin. It\'s property that cannot be confiscated, and this goes against the major tenants of democratic socialism. Likewise, China will have to deal with a new type of digital property that is not capable of being censored. In all, the world is going to have to learn how to deal with more liberty and freedom. Some people can handle freedom responsibly, and others believe it\'s a curse. It seems the internet, and bitcoin were invented to find the answer to this problem.', '14ojfo9']]], ['u/thenearblindassassin', 'How can we come to terms with spending deflationary currency', 25, '2023-07-02 13:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/', "One thing that I can't seem to grasp is how we can come to terms with spending currency we all seem to agree will increase in value over time. While inflation can hurt individuals depending on how much the yearly inflation rate changes, that does happen with growing economies and increased spending. Deflationary currency should be good for people selling goods since the currency used for the transaction will increase in value. However this doesn't seem to be good for the consumer, since there is a chance that over time, they had parted with too much of their money in previous transactions. Basically something like the guy who spent 10k Bitcoin on pizza. \n\nRight now I'm in the process of buying a car, and trying to scrape together as much as possible for a down payment. So, I have decided to sell the last of the crypto I have. Right now, we're seeing a boost in the market and my crypto has gone up very much in value. I know I should sell at this time, but I had thought the same last week and now the same coins I had intended on selling have increased in price by 22%. That's pretty wild for one week. Had I sold, I would have lost out on a significant amount of money . \n\nIn general, how do we have incentive to actually use our crypto for things like buying goods? How is a deflationary currency intended to be used in a real economy? Idk. Sometimes I feel like the only thing crypto could be used for is an investment. Im obviously not an economist, so I'd love to hear other's opinions.", 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/', '14olljo', [['u/Hank___Scorpio', 21, '2023-07-02 13:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/jqda750/', "You need to eat don't you? You need things don't you? \n\nYou're going to start evaluating what you actually want. Companies offering useless disposable garbage will start to go bankrupt. \n\nRemember how people say we don't make em like we used to? We're gonna make em like that again. You want my bitcoin? Make it worth it.\n\nIn 50 years the whole price discovery rocketship will mostly be settled down and be much less volatile. Stories like the pizza story will continue to happen but will become much less severe over time.", '14olljo'], ['u/Nyarlatotep781', 10, '2023-07-02 13:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/jqdae7n/', 'Always take profits! Most of this sub sees crypto as a storage of value and/or a hedge against inflation.', '14olljo'], ['u/crypto_grandma', 11, '2023-07-02 13:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14olljo/how_can_we_come_to_terms_with_spending/jqdcs3t/', "Exactly this. If you need (or really want) something, you'll spend the Bitcoin. I've trad... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin traded little changed and Ether gained on Monday morning in Asia, with prices of most other top 10 non-stablecoin cryptocurrencies mixed. Solana added to gains after a slump that followed it being labeled a security by the U.S. financial regulator. Litecoin led winners, still riding the optimism of being included in the tokens trading on the Wall Street-backed EDX Markets exchange that opened on June 20.\nBitcoin added 0.41% to US$30,730.25 over the last 24 hours to 6:30 a.m. in Hong Kong, according to CoinMarketCapdata. After a jump that followed a raft of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June, the world’s largest cryptocurrency by market capitalization has lost direction, adding just 0.61% over the past seven days.\nThe U.S. regulator that approves ETFs, the Securities and Exchange Commission (SEC), on Friday indicated it was unimpressed by the Bitcoin ETF applications by financial heavyweights such asBlackrockandFidelity Investments, according to areportby the Wall Street Journal.\nEther, the world’s second biggest token by market capitalization, added 1.49% to US$1,954.67.\xa0 It’s gained 2.65% for the seven days.\nSolana was among the gainers in mixed early Asia trading for other top 10 non-stablecoin cryptocurrencies by market capitalization. The token rose 5.48% to US$19.43 for a weekly gain of 14.47%.\nSolana is rallying after a raft of bearish indicators last week, with Solana-based non-fungible token (NFT) protocol Cardinal saying it wasshutting down, citing “macroeconomic challenges.” The Revolut neobank and crypto exchange also reportedlytoldU.S.-based users last Wednesday that it will delist Solana, along with Cardano and Polygon.\nThe three tokens were among cryptocurrencies that the SEC named as illegally issued financial securities in itslawsuitfiled last month against the Coinbase and Binance.US exchanges.\nVitalik Buterin, the creator of Ethereumwroteon Twitter on Friday that the tokens don’t deserve to be targeted.\xa0 “If ethereum ends up “winning” through all other blockchains getting kicked off exchanges, that’s not an honorable way to win, and in the long term probably isn’t even a victory.”\nLitecoin led the gainers with a 6.37% increase in the last 24 hours to US$112.96. The token surged 27.98% in the past seven days.\nLitecoin, which was created in 2011 as a hard fork to Bitcoin, was one of the four tokens selected to trade on the EDX Markets exchange, which is backed by Citadel Securities and Fidelity Investments. The other tokens are Bitcoin, Ether and Bitcoin Cash. The New Jersey-based EDX opened for business despite thecrackdownon crypto from U.S. regulators.\nThe California-based crypto exchange Kraken wasorderedby a U.S. judge on Friday to submit information about its users to the Internal Revenue Service in an investigation of underreported tax liabilities. The crypto exchange wasfinedUS$30 million in February by the SEC for its staking services, which the federal agency said were an offering of unregistered securities.\nOther crypto movers included Tron, which dipped 1.85% to US$0.07572, but gained 3.31% for the week. Binance’s BNB token edged down 0.31% to US$247.13, and Cardano’s ADA fell 0.13% to US$0.2905.\nThe total cryptocurrency market cap edged up 0.02% to US$1.2 trillion, with trading volume dropping 7.54% to US$27.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 1.49% to 2,910.36 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 4.59% for the week.\nTotal NFT trading volume dipped 9.68% to US$28.3 million, while volume on Ethereum rose 3.12% to US$22.3 million.\n“Brutal weekend for NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “It might be easy to point to Azuki’s Elementals mint as the catalyst still, but lowering average sales and floor prices in top collections prior to Elementals mint showed that we were on the cusp of another free fall.”\nThe AzukiElementalscollection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original.\nAzuki founder Alex Xu, who goes by the moniker Zagabond, met with its community last Thursday to address complaints about the mint and Elementals issued a public apology onTwitter, saying they “missed the mark” and that the new release diluted the value of the popular collection.\nEthereum-based Bored Ape Yacht Club NFTs topped the volume ranking on Cryptoslam at US$3.87 million. Another Ethereum-based collection, The Captainz, came in at second place with US$2.3 million.\nOver the weekend, the Memeland team behind The Captainz NFTs,revealedtheir PFPs or Profile Picture art upgrades for the collection but met with mixed to negative response. “Most negative responses to the art came from people who were unaware that the art would be upgradeable with purchasable traits,” Petscher explained. “Without these traits the base characters are nearly identical, which caused some confusion in the NFT community.”\nU.S. stock futures werelittle changedas of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.029%, S&P 500 futures dipped 0.011%, while Nasdaq Futures added 0.068%.\nU.S. equities rallied during regular trading on Friday, the last day of the first half of 2023, though face disruptions to trading this week with limited trading hours on Monday and the July 4 public holiday on Tuesday when equity markets will be closed.\nEconomic indicators to come this week include US manufacturing activity on Monday as well as a monthly jobs report on Friday. Tesla Inc.’s Sundayannouncementof record-breaking vehicle sales in the second quarter is a bullish factor for investors.\nJapan equities on Monday gained on the coattails of the Friday rally on Wall Street, with technology stocksleading the gainsin Tokyo.\nIn China manufacturingslowed, but by less than expected. Both purchasing managers’ Indices in Taiwan and South Korea also showed manufacturing contraction.\nOn Wednesday, U.S. Treasury Secretary Janet Yellen is traveling to China in an effort to try andimprovecommunications and the frosty ties between the world’s two largest economies.\nInvestors are expecting more interest rate hikes this year in the U.S. following reiterated warnings from Fed Chair Jerome Powell in speeches last week in Europe that inflation has yet to be brought under control.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 87.4% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26 and predicts only a 12.6% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Bitcoin traded little changed and Ether gained on Monday morning in Asia, with prices of most other top 10 non-stablecoin cryptocurrencies mixed. Solana added to gains after a slump that followed it being labeled a security by the U.S. financial regulator. Litecoin led winners, still riding the optimism of being included in the tokens trading on the Wall Street-backed EDX Markets exchange that opened on June 20.\nBitcoin added 0.41% to US$30,730.25 over the last 24 hours to 6:30 a.m. in Hong Kong, according to CoinMarketCapdata. After a jump that followed a raft of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June, the world’s largest cryptocurrency by market capitalization has lost direction, adding just 0.61% over the past seven days.\nThe U.S. regulator that approves ETFs, the Securities and Exchange Commission (SEC), on Friday indicated it was unimpressed by the Bitcoin ETF applications by financial heavyweights such asBlackrockandFidelity Investments, according to areportby the Wall Street Journal.\nEther, the world’s second biggest token by market capitalization, added 1.49% to US$1,954.67.\xa0 It’s gained 2.65% for the seven days.\nSolana was among the gainers in mixed early Asia trading for other top 10 non-stablecoin cryptocurrencies by market capitalization. The token rose 5.48% to US$19.43 for a weekly gain of 14.47%.\nSolana is rallying after a raft of bearish indicators last week, with Solana-based non-fungible token (NFT) protocol Cardinal saying it wasshutting down, citing “macroeconomic challenges.” The Revolut neobank and crypto exchange also reportedlytoldU.S.-based users last Wednesday that it will delist Solana, along with Cardano and Polygon.\nThe three tokens were among cryptocurrencies that the SEC named as illegally issued financial securities in itslawsuitfiled last month against the Coinbase and Binance.US exchanges.\nVitalik Buterin, the creator of Ethereumwroteon Twitter on Friday that the tokens don’t deserve to be targeted.\xa0 “If ethereum ends up “winning” through all other blockchains getting kicked off exchanges, that’s not an honorable way to win, and in the long term probably isn’t even a victory.”\nLitecoin led the gainers with a 6.37% increase in the last 24 hours to US$112.96. The token surged 27.98% in the past seven days.\nLitecoin, which was created in 2011 as a hard fork to Bitcoin, was one of the four tokens selected to trade on the EDX Markets exchange, which is backed by Citadel Securities and Fidelity Investments. The other tokens are Bitcoin, Ether and Bitcoin Cash. The New Jersey-based EDX opened for business despite thecrackdownon crypto from U.S. regulators.\nThe California-based crypto exchange Kraken wasorderedby a U.S. judge on Friday to submit information about its users to the Internal Revenue Service in an investigation of underreported tax liabilities. The crypto exchange wasfinedUS$30 million in February by the SEC for its staking services, which the federal agency said were an offering of unregistered securities.\nOther crypto movers included Tron, which dipped 1.85% to US$0.07572, but gained 3.31% for the week. Binance’s BNB token edged down 0.31% to US$247.13, and Cardano’s ADA fell 0.13% to US$0.2905.\nThe total cryptocurrency market cap edged up 0.02% to US$1.2 trillion, with trading volume dropping 7.54% to US$27.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 1.49% to 2,910.36 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 4.59% for the week.\nTotal NFT trading volume dipped 9.68% to US$28.3 million, while volume on Ethereum rose 3.12% to US$22.3 million.\n“Brutal weekend for NFTs,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “It might be easy to point to Azuki’s Elementals mint as the catalyst still, but lowering average sales and floor prices in top collections prior to Elementals mint showed that we were on the cusp of another free fall.”\nThe AzukiElementalscollection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original.\nAzuki founder Alex Xu, who goes by the moniker Zagabond, met with its community last Thursday to address complaints about the mint and Elementals issued a public apology onTwitter, saying they “missed the mark” and that the new release diluted the value of the popular collection.\nEthereum-based Bored Ape Yacht Club NFTs topped the volume ranking on Cryptoslam at US$3.87 million. Another Ethereum-based collection, The Captainz, came in at second place with US$2.3 million.\nOver the weekend, the Memeland team behind The Captainz NFTs,revealedtheir PFPs or Profile Picture art upgrades for the collection but met with mixed to negative response. “Most negative responses to the art came from people who were unaware that the art would be upgradeable with purchasable traits,” Petscher explained. “Without these traits the base characters are nearly identical, which caused some confusion in the NFT community.”\nU.S. stock futures werelittle changedas of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.029%, S&P 500 futures dipped 0.011%, while Nasdaq Futures added 0.068%.\nU.S. equities rallied during regular trading on Friday, the last day of the first half of 2023, though face disruptions to trading this week with limited trading hours on Monday and the July 4 public holiday on Tuesday when equity markets will be closed.\nEconomic indicators to come this week include US manufacturing activity on Monday as well as a monthly jobs report on Friday. Tesla Inc.’s Sundayannouncementof record-breaking vehicle sales in the second quarter is a bullish factor for investors.\nJapan equities on Monday gained on the coattails of the Friday rally on Wall Street, with technology stocksleading the gainsin Tokyo.\nIn China manufacturingslowed, but by less than expected. Both purchasing managers’ Indices in Taiwan and South Korea also showed manufacturing contraction.\nOn Wednesday, U.S. Treasury Secretary Janet Yellen is traveling to China in an effort to try andimprovecommunications and the frosty ties between the world’s two largest economies.\nInvestors are expecting more interest rate hikes this year in the U.S. following reiterated warnings from Fed Chair Jerome Powell in speeches last week in Europe that inflation has yet to be brought under control.\nU.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 87.4% chance for a 25-basis-point rate hike at the Fed’s next meeting on July 26 and predicts only a 12.6% chance the Fed will leave rates unchanged.\n(Updates to add equities section)', 'Bitcoin traded little changed and Ether gained on Monday morning in Asia, with prices of most other top 10 non-stablecoin cryptocurrencies mixed. Solana added to gains after a slump that followed it being labeled a security by the U.S. financial regulator. Litecoin led winners, still riding the optimism of being included in the tokens trading on the Wall Street-backed EDX Markets exchange that opened on June 20. Mixed crypto Bitcoin added 0.41% to US$30,730.25 over the last 24 hours to 6:30 a.m. in Hong Kong, according to CoinMarketCap data . After a jump that followed a raft of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June, the world\x92s largest cryptocurrency by market capitalization has lost direction, adding just 0.61% over the past seven days. The U.S. regulator that approves ETFs, the Securities and Exchange Commission (SEC), on Friday indicated it was unimpressed by the Bitcoin ETF applications by financial heavyweights such as Blackrock and Fidelity Investments , according to a report by the Wall Street Journal. Ether, the world\x92s second biggest token by market capitalization, added 1.49% to US$1,954.67.\xa0 It\x92s gained 2.65% for the seven days. Solana was among the gainers in mixed early Asia trading for other top 10 non-stablecoin cryptocurrencies by market capitalization. The token rose 5.48% to US$19.43 for a weekly gain of 14.47%. Solana is rallying after a raft of bearish indicators last week, with Solana-based non-fungible token (NFT) protocol Cardinal saying it was shutting down , citing \x93macroeconomic challenges.\x94 The Revolut neobank and crypto exchange also reportedly told U.S.-based users last Wednesday that it will delist Solana, along with Cardano and Polygon. The three tokens were among cryptocurrencies that the SEC named as illegally issued financial securities in its lawsuit filed last month against the Coinbase and Binance.US exchanges. Vitalik Buterin, the creator of Ethereum wrote on Twitter on Friday that the tokens don\x92t deserve to be targeted.\xa0 \x93If ethereum ends up \x93winning\x94 through all other blockchains getting kicked off exchanges, that\x92s not an honorable way to win, and in the long term probably isn\x92t even a victory.\x94 Story continues Litecoin led the gainers with a 6.37% increase in the last 24 hours to US$112.96. The token surged 27.98% in the past seven days. Litecoin, which was created in 2011 as a hard fork to Bitcoin, was one of the four tokens selected to trade on the EDX Markets exchange, which is backed by Citadel Securities and Fidelity Investments. The other tokens are Bitcoin, Ether and Bitcoin Cash. The New Jersey-based EDX opened for business despite the crackdown on crypto from U.S. regulators. The California-based crypto exchange Kraken was ordered by a U.S. judge on Friday to submit information about its users to the Internal Revenue Service in an investigation of underreported tax liabilities. The crypto exchange was fined US$30 million in February by the SEC for its staking services, which the federal agency said were an offering of unregistered securities. Other crypto movers included Tron, which dipped 1.85% to US$0.07572, but gained 3.31% for the week. Binance\x92s BNB token edged down 0.31% to US$247.13, and Cardano\x92s ADA fell 0.13% to US$0.2905. The total cryptocurrency market cap edged up 0.02% to US$1.2 trillion, with trading volume dropping 7.54% to US$27.26 billion, according to CoinMarketCap data. NFTs \x93brutal weekend\x94 The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 1.49% to 2,910.36 in the 24 hours to 7:30 a.m. in Hong Kong. The index is down 4.59% for the week. Total NFT trading volume dipped 9.68% to US$28.3 million, while volume on Ethereum rose 3.12% to US$22.3 million. \x93Brutal weekend for NFTs,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93It might be easy to point to Azuki\x92s Elementals mint as the catalyst still, but lowering average sales and floor prices in top collections prior to Elementals mint showed that we were on the cusp of another free fall.\x94 The Azuki Elementals collection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original. Azuki founder Alex Xu, who goes by the moniker Zagabond, met with its community last Thursday to address complaints about the mint and Elementals issued a public apology on Twitter , saying they \x93missed the mark\x94 and that the new release diluted the value of the popular collection. Ethereum-based Bored Ape Yacht Club NFTs topped the volume ranking on Cryptoslam at US$3.87 million. Another Ethereum-based collection, The Captainz, came in at second place with US$2.3 million. Over the weekend, the Memeland team behind The Captainz NFTs, revealed their PFPs or Profile Picture art upgrades for the collection but met with mixed to negative response. \x93Most negative responses to the art came from people who were unaware that the art would be upgradeable with purchasable traits,\x94 Petscher explained. \x93Without these traits the base characters are nearly identical, which caused some confusion in the NFT community.\x94 U.S. equity futures little changed U.S. Secretary of the Treasury Janet Yellen \| Getty Images U.S. stock futures were little changed as of 10:20 a.m. in Hong Kong. Dow Jones Industrial Average futures edged down 0.029%, S&P 500 futures dipped 0.011%, while Nasdaq Futures added 0.068%. U.S. equities rallied during regular trading on Friday, the last day of the first half of 2023, though face disruptions to trading this week with limited trading hours on Monday and the July 4 public holiday on Tuesday when equity markets will be closed. Economic indicators to come this week include US manufacturing activity on Monday as well as a monthly jobs report on Friday. Tesla Inc.\x92s Sunday announcement of record-breaking vehicle sales in the second quarter is a bullish factor for investors. Japan equities on Monday gained on the coattails of the Friday rally on Wall Street, with technology stocks leading the gains in Tokyo. In China manufacturing slowed , but by less than expected. Both purchasing managers\x92 Indices in Taiwan and South Korea also showed manufacturing contraction. On Wednesday, U.S. Treasury Secretary Janet Yellen is traveling to China in an effort to try and improve communications and the frosty ties between the world\x92s two largest economies. Investors are expecting more interest rate hikes this year in the U.S. following reiterated warnings from Fed Chair Jerome Powell in speeches last week in Europe that inflation has yet to be brought under control. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts an 87.4% chance for a 25-basis-point rate hike at the Fed\x92s next meeting on July 26 and predicts only a 12.6% chance the Fed will leave rates unchanged. (Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show upside potential as issuers work to refile their bitcoin ETF applications.\nInsights:Is Japan racing toward the future of crypto? Or stuck a few years in the past?\nCoinDesk Market Index (CMI)\n1,258\n+5.8▲0.5%\nBitcoin (BTC)\n$30,654\n+71.4▲0.2%\nEthereum (ETH)\n$1,938\n+15.3▲0.8%\nS&P 500\n4,450.38\n+53.9▲1.2%\nGold\n$1,927\n+17.4▲0.9%\nNikkei 225\n33,189.04\n−45.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,654", "+71.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,938", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,450.38", "+53.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,927", "+17.4\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,189.04", "\\u221245.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC Says ETF Applications Aren\'t Good Enough, But Bitcoin Hasn\'t Given up Hope\nAs North America celebrates a long weekend, markets are quiet, but both bitcoin (BTC) and ether (ETH) are maintaining price stability.\nBitcoin is opening the trading week in Asia at $30,654,according to CoinDesk data, whileether is at $1,938.CoinDesk IndicesBitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period.\nCrypto had arough end to last week, as the U.S. Securities and Exchange Commission (SEC) said that current bitcoin ETF filings were “inadequate” sending prices down.Some of the issuershave re-filed, naming Coinbase as their market surveillance partner.\nBitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27K-$29K, and he says that such price action is likely to result in deeper declines in altcoins.\n“Last week, we highlighted how Bitcoin staying above $30K would be positive for the market. This week we saw some of that sentiment shift toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied,” he told CoinDesk in a note. “Market participants will do well to remain cautious of sustained upside momentum.”\nDespite the week opening with a holiday, this week will see some major economic events, with the June FOMC minutes being published on Wednesday – which will give more insight into how the Fed will next move on interest rates – JOLTs Job openings on Thursday, and new unemployment numbers on Friday.\nTraders will no doubt be balancing all of that against news of the SEC’s next steps on the bitcoin ETFs.\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.2%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.3%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nIs Japan in the Crypto Future? Or a Few Years in the Past?\nExplore the Japanese internet for a while, and you’ll find that it looks a bit ancient.\nYou can do many more things online in Japan than you could in the West, but there are a few notable exceptions, and overall the country’s Web2 space feels a decade out of date. Think about how the Web looked like when the iPhone 4 came out.\n“The government really felt that we totally missed Web2...So now they see Web3 as something Japan could potentially embrace and create the new generation of Japanese tech companies and tech visionaries in this space," said Akio Tanaka, a founding partner of IVC, which recently hosted its IVS Crypto and Web Conference in Kyoto.\n“There are no Web2 giants from Japan,” he continued.\nMuchhas been writtenaboutJapan’s regulatory successes in these early days of Web3. Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was thesafest place to be an FTX customer.\nBut what does the celebration of Web3 look like in Japan?\nA lot like it did at the height of the bull market in the West.\nNFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy,and lots of money is being thrown around, but these strategies are still ambiguous (think: “carbon credit trading” or “healthcare records”) and on the drawing boards.\nTanaka emphasizes that in Japan, this will all be different.\nJapanese GameFi developers, for instance, “want to serve gamers, not crypto speculators,” he said.\n“They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued.\nSega knows this well, as when it first mentioned it was entering the NFT space. Itwas hit with a strong backlash from fans, and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.”\nSame with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters fromFinal Fantasy 7– considered to be the best iteration of its long-running franchise –fans hated the idea.\nIn the end, Square Enix’s NFTs weren’t really something for speculation, as the on-chain assetsare “frozen” to the wallet that bought them.\nOne help can’t think that this embrace of Web 3 might be a bit more conservative than the bulls say it is, once you peel away the layers.\nDespite all the talk of GameFi and NFTs at the show, Japan’s best-known IP is staying well away from it, aside from Square’s experiment. Nintendo waslooking to hire an NFT and metaverse expertin March, but nothing has materialized (Tanaka says that if Nintendo does anything, it would be the last to do it).\nEven the Japanese Prime Minister’s speech whichopened the conference, didn’t mention Web3 by name, only generic platitudes about the importance of startups to economic growth and his government’s plans to make Japan a friendly market for these startups.\nBut there is something there, even if it\'s not what the evangelists say it is.\nAs the interview with Tanaka wound to a close, the next group, a corporate delegation from Sega, arrived early.\nSega, an investor in IVC, has recentlybeen in the news dismissing rumorsthat it plans to be acquired. A spokesperson for IVC declined to comment as to what the meeting was about, but it probably involved crypto.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFidelity Joins Spot Bitcoin ETF Race; Bitcoin Hovers Around $31K After Options Expiry\nAsset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. Hashnote CEO Leo Mizuhara shared his crypto markets analysis. 507 Capital Managing Partner Thomas Braziel weighed in on the latest FTX bankruptcy developments. And, Iomob CEO Boyd Cohen discussed the methodology behind CoinDesk\'s Crypto Hubs list for 2023.\nCourt Orders Kraken to Turn Over History Transaction and Account Information to IRS:The IRS first filed a court petition in February.\nHarry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards:At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.\nCoinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say:The SEC told Cboe it needed to name its partner earlier Friday.\nCelsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH:Court documents from last November give a rough picture of the lender’s altcoin holdings.\nCrypto Hubs 2023: Where to Live Freely and Work Smart:With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.', 'Good morning. Here’s what’s happening: Prices: Bitcoin continues to show upside potential as issuers work to refile their bitcoin ETF applications. Insights: Is Japan racing toward the future of crypto? Or stuck a few years in the past? Prices CoinDesk Market Index (CMI) 1,258 +5.8 ▲ 0.5% Bitcoin (BTC) $30,654 +71.4 ▲ 0.2% Ethereum (ETH) $1,938 +15.3 ▲ 0.8% S&P 500 4,450.38 +53.9 ▲ 1.2% Gold $1,927 +17.4 ▲ 0.9% Nikkei 225 33,189.04 −45.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,258 +5.8 ▲ 0.5% Bitcoin (BTC) $30,654 +71.4 ▲ 0.2% Ethereum (ETH) $1,938 +15.3 ▲ 0.8% S&P 500 4,450.38 +53.9 ▲ 1.2% Gold $1,927 +17.4 ▲ 0.9% Nikkei 225 33,189.04 −45.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) SEC Says ETF Applications Aren\'t Good Enough, But Bitcoin Hasn\'t Given up Hope As North America celebrates a long weekend, markets are quiet, but both bitcoin (BTC) and ether (ETH) are maintaining price stability. Bitcoin is opening the trading week in Asia at $30,654, according to CoinDesk data , while ether is at $1,938 . CoinDesk Indices Bitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period. Crypto had a rough end to last week , as the U.S. Securities and Exchange Commission (SEC) said that current bitcoin ETF filings were “inadequate” sending prices down. Some of the issuers have re-filed, naming Coinbase as their market surveillance partner. BitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27K-$29K, and he says that such price action is likely to result in deeper declines in altcoins. “Last week, we highlighted how Bitcoin staying above $30K would be positive for the market. This week we saw some of that sentiment shift toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied,” he told CoinDesk in a note. “Market participants will do well to remain cautious of sustained upside momentum.” Story continues Despite the week opening with a holiday, this week will see some major economic events, with the June FOMC minutes being published on Wednesday – which will give more insight into how the Fed will next move on interest rates – JOLTs Job openings on Thursday, and new unemployment numbers on Friday. Traders will no doubt be balancing all of that against news of the SEC’s next steps on the bitcoin ETFs. Biggest Gainers Asset Ticker Returns DACS Sector Polkadot DOT +4.1% Smart Contract Platform Solana SOL +2.7% Smart Contract Platform XRP XRP +2.2% Currency Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −2.3% Entertainment Gala GALA −1.2% Entertainment Terra LUNA −0.8% Smart Contract Platform Insights Is Japan in the Crypto Future? Or a Few Years in the Past? Explore the Japanese internet for a while, and you’ll find that it looks a bit ancient. You can do many more things online in Japan than you could in the West, but there are a few notable exceptions, and overall the country’s Web2 space feels a decade out of date. Think about how the Web looked like when the iPhone 4 came out. “The government really felt that we totally missed Web2...So now they see Web3 as something Japan could potentially embrace and create the new generation of Japanese tech companies and tech visionaries in this space," said Akio Tanaka, a founding partner of IVC, which recently hosted its IVS Crypto and Web Conference in Kyoto. “There are no Web2 giants from Japan,” he continued. Much has been written about Japan’s regulatory successes in these early days of Web3 . Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was the safest place to be an FTX customer. But what does the celebration of Web3 look like in Japan? A lot like it did at the height of the bull market in the West. NFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy, and lots of money is being thrown around , but these strategies are still ambiguous (think: “carbon credit trading” or “healthcare records”) and on the drawing boards. Tanaka emphasizes that in Japan, this will all be different. Japanese GameFi developers, for instance, “want to serve gamers, not crypto speculators,” he said. “They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued. Sega knows this well, as when it first mentioned it was entering the NFT space. It was hit with a strong backlash from fans , and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.” Same with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters from Final Fantasy 7 – considered to be the best iteration of its long-running franchise – fans hated the idea. In the end, Square Enix’s NFTs weren’t really something for speculation, as the on-chain assets are “frozen” to the wallet that bought them . One help can’t think that this embrace of Web 3 might be a bit more conservative than the bulls say it is, once you peel away the layers. Despite all the talk of GameFi and NFTs at the show, Japan’s best-known IP is staying well away from it, aside from Square’s experiment. Nintendo was looking to hire an NFT and metaverse expert in March, but nothing has materialized (Tanaka says that if Nintendo does anything, it would be the last to do it). Even the Japanese Prime Minister’s speech which opened the conference , didn’t mention Web3 by name, only generic platitudes about the importance of startups to economic growth and his government’s plans to make Japan a friendly market for these startups. But there is something there, even if it\'s not what the evangelists say it is. As the interview with Tanaka wound to a close, the next group, a corporate delegation from Sega, arrived early. Sega, an investor in IVC, has recently been in the news dismissing rumors that it plans to be acquired. A spokesperson for IVC declined to comment as to what the meeting was about, but it probably involved crypto. Important events. 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Manufacturing PMI (June) 9:45 a.m. HKT/SGT(1:45 a.m. UTC): Caixin Manufacturing PMI (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Fidelity Joins Spot Bitcoin ETF Race; Bitcoin Hovers Around $31K After Options Expiry Asset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. Hashnote CEO Leo Mizuhara shared his crypto markets analysis. 507 Capital Managing Partner Thomas Braziel weighed in on the latest FTX bankruptcy developments. And, Iomob CEO Boyd Cohen discussed the methodology behind CoinDesk\'s Crypto Hubs list for 2023. Headlines Court Orders Kraken to Turn Over History Transaction and Account Information to IRS: The IRS first filed a court petition in February. Harry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards: At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards. Coinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say: The SEC told Cboe it needed to name its partner earlier Friday. Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH: Court documents from last November give a rough picture of the lender’s altcoin holdings. Crypto Hubs 2023: Where to Live Freely and Work Smart: With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show upside potential as issuers work to refile their bitcoin ETF applications.\nInsights:Is Japan racing toward the future of crypto? Or stuck a few years in the past?\nCoinDesk Market Index (CMI)\n1,258\n+5.8▲0.5%\nBitcoin (BTC)\n$30,654\n+71.4▲0.2%\nEthereum (ETH)\n$1,938\n+15.3▲0.8%\nS&P 500\n4,450.38\n+53.9▲1.2%\nGold\n$1,927\n+17.4▲0.9%\nNikkei 225\n33,189.04\n−45.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,654", "+71.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,938", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,450.38", "+53.9\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,927", "+17.4\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,189.04", "\\u221245.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nSEC Says ETF Applications Aren\'t Good Enough, But Bitcoin Hasn\'t Given up Hope\nAs North America celebrates a long weekend, markets are quiet, but both bitcoin (BTC) and ether (ETH) are maintaining price stability.\nBitcoin is opening the trading week in Asia at $30,654,according to CoinDesk data, whileether is at $1,938.CoinDesk IndicesBitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period.\nCrypto had arough end to last week, as the U.S. Securities and Exchange Commission (SEC) said that current bitcoin ETF filings were “inadequate” sending prices down.Some of the issuershave re-filed, naming Coinbase as their market surveillance partner.\nBitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27K-$29K, and he says that such price action is likely to result in deeper declines in altcoins.\n“Last week, we highlighted how Bitcoin staying above $30K would be positive for the market. This week we saw some of that sentiment shift toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied,” he told CoinDesk in a note. “Market participants will do well to remain cautious of sustained upside momentum.”\nDespite the week opening with a holiday, this week will see some major economic events, with the June FOMC minutes being published on Wednesday – which will give more insight into how the Fed will next move on interest rates – JOLTs Job openings on Thursday, and new unemployment numbers on Friday.\nTraders will no doubt be balancing all of that against news of the SEC’s next steps on the bitcoin ETFs.\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.2%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.3%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nIs Japan in the Crypto Future? Or a Few Years in the Past?\nExplore the Japanese internet for a while, and you’ll find that it looks a bit ancient.\nYou can do many more things online in Japan than you could in the West, but there are a few notable exceptions, and overall the country’s Web2 space feels a decade out of date. Think about how the Web looked like when the iPhone 4 came out.\n“The government really felt that we totally missed Web2...So now they see Web3 as something Japan could potentially embrace and create the new generation of Japanese tech companies and tech visionaries in this space," said Akio Tanaka, a founding partner of IVC, which recently hosted its IVS Crypto and Web Conference in Kyoto.\n“There are no Web2 giants from Japan,” he continued.\nMuchhas been writtenaboutJapan’s regulatory successes in these early days of Web3. Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was thesafest place to be an FTX customer.\nBut what does the celebration of Web3 look like in Japan?\nA lot like it did at the height of the bull market in the West.\nNFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy,and lots of money is being thrown around, but these strategies are still ambiguous (think: “carbon credit trading” or “healthcare records”) and on the drawing boards.\nTanaka emphasizes that in Japan, this will all be different.\nJapanese GameFi developers, for instance, “want to serve gamers, not crypto speculators,” he said.\n“They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued.\nSega knows this well, as when it first mentioned it was entering the NFT space. Itwas hit with a strong backlash from fans, and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.”\nSame with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters fromFinal Fantasy 7– considered to be the best iteration of its long-running franchise –fans hated the idea.\nIn the end, Square Enix’s NFTs weren’t really something for speculation, as the on-chain assetsare “frozen” to the wallet that bought them.\nOne help can’t think that this embrace of Web 3 might be a bit more conservative than the bulls say it is, once you peel away the layers.\nDespite all the talk of GameFi and NFTs at the show, Japan’s best-known IP is staying well away from it, aside from Square’s experiment. Nintendo waslooking to hire an NFT and metaverse expertin March, but nothing has materialized (Tanaka says that if Nintendo does anything, it would be the last to do it).\nEven the Japanese Prime Minister’s speech whichopened the conference, didn’t mention Web3 by name, only generic platitudes about the importance of startups to economic growth and his government’s plans to make Japan a friendly market for these startups.\nBut there is something there, even if it\'s not what the evangelists say it is.\nAs the interview with Tanaka wound to a close, the next group, a corporate delegation from Sega, arrived early.\nSega, an investor in IVC, has recentlybeen in the news dismissing rumorsthat it plans to be acquired. A spokesperson for IVC declined to comment as to what the meeting was about, but it probably involved crypto.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin Manufacturing PMI (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFidelity Joins Spot Bitcoin ETF Race; Bitcoin Hovers Around $31K After Options Expiry\nAsset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. Hashnote CEO Leo Mizuhara shared his crypto markets analysis. 507 Capital Managing Partner Thomas Braziel weighed in on the latest FTX bankruptcy developments. And, Iomob CEO Boyd Cohen discussed the methodology behind CoinDesk\'s Crypto Hubs list for 2023.\nCourt Orders Kraken to Turn Over History Transaction and Account Information to IRS:The IRS first filed a court petition in February.\nHarry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards:At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.\nCoinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say:The SEC told Cboe it needed to name its partner earlier Friday.\nCelsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH:Court documents from last November give a rough picture of the lender’s altcoin holdings.\nCrypto Hubs 2023: Where to Live Freely and Work Smart:With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.', 'The Securities and Exchange Commission (SEC) has deemed recent filings for a spot Bitcoin exchange-traded fund (ETF) in the US as inadequate,accordingto the WSJ.\nThe SEC has notified Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not “sufficiently clear and comprehensive.” The exchanges represent asset managers in the filings of the ETF.\nAccording to the SEC, the exchanges should have named the specific Bitcoin exchange with whom they would have a "surveillance-sharing agreement" or should have supplied enough information regarding the specifics of that surveillance arrangement. After correcting the data, the asset managers can resubmit the filings.\nFollowing the news,Bitcoin (BTC)plunged below $30,000 briefly, falling over 3%. However, it has since recovered and is currently trading around $30,600. Cboe would refile while naming Coinbase as the crypto exchange it would enter a "surveillance-sharing agreement" with.\nBlackRockjoined the group of firms vying to launch the first Bitcoin ETF on Wall Street by announcing a "surveillance sharing agreement." This led other asset managers likeARK Invest and 21Shares,Invesco, WisdomTree, Valkyrie, and Fidelity to resubmit or modify their spot Bitcoin ETF applications.\nThe sponsor of a Bitcoin trust would need to sign a surveillance-sharing agreement with a regulated market with a sizable market, according to past SEC statements. The spot Bitcoin markets are currently unregulated by any federal agencies, a situation that the Commodity Futures Trading Commission has long advocated for changing.', 'The Securities and Exchange Commission (SEC) has deemed recent filings for a spot Bitcoin exchange-traded fund (ETF) in the US as inadequate,accordingto the WSJ.\nThe SEC has notified Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not “sufficiently clear and comprehensive.” The exchanges represent asset managers in the filings of the ETF.\nAccording to the SEC, the exchanges should have named the specific Bitcoin exchange with whom they would have a "surveillance-sharing agreement" or should have supplied enough information regarding the specifics of that surveillance arrangement. After correcting the data, the asset managers can resubmit the filings.\nFollowing the news,Bitcoin (BTC)plunged below $30,000 briefly, falling over 3%. However, it has since recovered and is currently trading around $30,600. Cboe would refile while naming Coinbase as the crypto exchange it would enter a "surveillance-sharing agreement" with.\nBlackRockjoined the group of firms vying to launch the first Bitcoin ETF on Wall Street by announcing a "surveillance sharing agreement." This led other asset managers likeARK Invest and 21Shares,Invesco, WisdomTree, Valkyrie, and Fidelity to resubmit or modify their spot Bitcoin ETF applications.\nThe sponsor of a Bitcoin trust would need to sign a surveillance-sharing agreement with a regulated market with a sizable market, according to past SEC statements. The spot Bitcoin markets are currently unregulated by any federal agencies, a situation that the Commodity Futures Trading Commission has long advocated for changing.', 'SEC Calls Recen Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $597,278,836,700 - Hash Rate: 344916211.10459125 - Transaction Count: 328114.0 - Unique Addresses: 655439.0 Social & AI Sentiment: - Fear & Greed Index: 0.62 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hopes surrounding a potential U.S. Bitcoin ETF filing by investment giant BlackRock fueled a bullish sentiment among some traders early Friday. Bitcoin regained the $25,500 level to erase declines of the past two days, when it fell to as low as $24,860. The move provided some respite to major tokens such as Polygon Network’s MATIC and Cardano’s ADA, which eased some losses from a two-day slide. Dogecoin (DOGE) led gains among major tokens with a 4% move in the past 24 hours; litecoin added (LTC) added 3.3%. On Thursday, CoinDeskreportedthat BlackRock planned to offer a Bitcoin ETF with crypto exchange Coinbase (COIN) serving as custodian. This was confirmed later after a filing showed the company’s iShares fund management unitfiled paperworkfor the formation of a spot bitcoin (BTC) ETF. “An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CoinDesk. “BlackRock’s increasing engagement shows Bitcoin continues to be an asset of interest for some of the world’s largest financial institutions.” As such, the market strength of bitcoin impacted shorts – or bets against the currency – the asset with BTC-tracked futures seeing over $16 million in short liquidations in the past 24 hours. This figure was smaller than usual due to large declines in the past week, causing some traders to risk less capital than they normally would. The U.S. Securities and Exchange Commission (SEC) has previously rejected other attempts by fund managers at listing a spot bitcoin ETF, including those from Grayscale, VanEck, and WisdomTree. However, the stature of BlackRock could make it difficult for the SEC to reject this application – whichsome saycould fuel an outsized bitcoin rally if approved.... - Reddit Posts (Sample): [['u/wtfCraigwtf', 'Does "Hashrate Follow Price"? Do Crypto Miners Truly Make Rational Choices?', 16, '2023-07-03 03:30', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/', 'Most crypto OGs will tell you that "Mining Hashrate Follows Price", and this is generally regarded as axiomatic in the crypto mining space. I\'d like to challenge this notion and I hope to stimulate a healthy debate on the subject. I believe that Mining Choice is more arbitrary than people realize due to bounded rationality and information asymmetry . Let\'s examine the BTC mining since as it\'s by far the biggest portion of the mining space.\n\nIt\'s logical that a miner will make a rational choice which coin to mine in order to maximize their profits, so that their operation remains sustainable, but\n\n* Can BTC price be predicted reliably to make a choice which generates sustainable profit?\n\nMost readers here are familiar with the massive inefficiencies and mind-blowingly stupid decisions involved in the use, development, and mining of BTC. BTC mining uses astronomical quantities of energy to create tiny blocks which are now being filled with pointless dickbutt pictures. BTC price likely exceeds its value by orders of magnitude given it\'s low fungibility and usability, and externalities like high fees and long confirmation times. Regulatory uncertainty plagues the crypto space, governments are salivating about bans, prices yo-yo up and down constantly, exchanges are fly-by-night outfits, and coins are hacked and stolen almost daily. Crypto is the Wild West, and no one knows what will happen, much less what the price will be in the future.\n\nLogical debate about what cryptocurrency is and will be in the future is routinely censored. Most BTC cult followers have a low level of intellect and/or are completely bamboozled by ludicrous propaganda. Billionaires like Michael Saylor and Mike Novogratz fall for the same silly narratives (and likely have their own dystopian intentions), and invest their hoards into BTC. The actions of everyone in the entire space determine the price of BTC, yet 90% of BTC users don\'t even hold their coins. Lest we forget, cryptocurrency is STILL AN EXPERIMENT which is less than 20 years old. What appears to be a Nash Equilibrium in BTC could collapse at any second in an EMP attack. Against a backdrop of a highly unstable global banking system, the spectre of fiat hyperinflation, the likely beginning of WWIII, and with a totalitarian surveillance state looming, uncertainty about crypto is off the charts.\n\nTherefore it\'s not a stretch to conclude that Crypto Mining is NOT Rational Behavior. It\'s a speculative venture in a brand new technological financial space. Many fortunes have been made and lost in crypto mining, and it\'s entirely possible that the winners were simply luckier than the losers. Crypto mining by nature is deeply speculative and risky. Surely the massive windfalls of the OG Bitcoiners motivates miners to this day, but past performance does not predict future results.\n\n* Does a miner need to be profitable, or may they have another motivation?\n\nMining BSV isn\'t profitable, the entire BSV ecosystem was created by a gambling billionaire whose criminal charges were mysteriously dropped and a serial fraudster who lies pathologically to judges around the world about inventing Bitcoin. The coin isn\'t used by anyone, the transactions are generated using bots, and mining is likely subsidized by the founders and whoever gave them $100 million+. Any BSV miners who was acting rationally could immediately switch to mining BCH or BTC for 3x the profits, yet they don\'t.\n\n* Are short-term gains more important than long-term gains?\n\nWe\'ve all heard about SHA256 miners who automagically switch between mining BTC and BCH due to the broken difficulty adjustment in BTC. But why didn\'t half of BTC\'s hashrate switch to mining BCH last month when BCH price TRIPLED? If those miners were rational, they would\'ve mined BCH for a week or two before BTC diff adjusted, and traded the BCH they mined for BTC. BCH hashrate did double, but it didn\'t keep up with BCH price. BTC difficulty did adjust downward to mid-June levels, but not enough to keep miners on BTC at today\'s BCH prices. It\'s likely that their calculations involve predictions about longer-term price moves rather than short-term fluctuations.\n\n* How does mining centralization affect miner choices and profits?\n\nIf only one entity mined BTC, they could shut down 99.99% of their miners and the BTC network would still function. That miner would make astronomical profits for the near term, but the entire BTC space would need to trust that entity, and governments would likely shut it down or seize it immediately. There is a constant drive to monopolize mining, and over the long term this can figure into the calculation of what is rational much more than daily or monthly price metrics. But making massive profits by capturing mining is not the only reason to establish a monopoly: if and when governments move to monopolize crypto mining, cost won\'t be an obstacle, and profit won\'t be a motivator.\n\nFor these reasons I believe hashrate does NOT *necessarily* follow price.\n\nEDITS, Well this has been a good thread, here are some updates.\n\nReally the question we\'re asking is "TO WHAT DEGREE does hashrate follow price"? The answer is surely on a spectrum rather than a black and white "yes" or "no". Jonathan has provided some nice stats which show that BTC and BCH hashrates are fairly closely correlated with that trading pair (rather than vs USD or other fiat). To me this implies that miners DO make calculations fairly often to optimize their SHORT-TERM profits. As to whether this is rational remains to be seen. \n\nWe haven\'t talked about shitcoin mining, there are thousands of coins that are mostly mined by hobbyists in their garages. These are people who have a variety of reasons to mine other than profit. Perhaps their hardware has become obsolete in the mining arms race, they simply enjoy running a lot of computers and being geeks, or possibly they do truly believe that someday their shitcoins will be worth billions. ', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/', '14p581h', [['u/jtoomim', 14, '2023-07-03 07:02', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/jqgxe8m/', "> Are short-term gains more important than long-term gains?\n\nFor a miner? Yes. If a miner can get 10% more USD worth per day per 100 TH/s by mining BTC than by mining BCH, and if they believe that BCH's long-term future is better than BTC's, then (if they're rational) that miner will mine BTC and immediately sell/trade it for BCH. They will get 10% more BCH this way than if they mined BCH directly.", '14p581h'], ['u/jtoomim', 12, '2023-07-03 07:10', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/jqgy37s/', "> Mining BSV isn't profitable\n\nActually, most of the time, mining BSV is [just as profitable](https://sv.coin.dance/blocks/profitability) as mining BTC. There are occasions on which there's more hashrate mining BSV than is rational for a non-interested party, and this is likely because Calvin Ayre and Coingeek get an external benefit from propping up BSV's hashrate due to their large BSV holdings. But for the majority of BSV's history, its mining profitability has been at parity with BCH and BTC.\n\n> Any BSV miners who was acting rationally could immediately switch to mining BCH or BTC for 3x the profits, yet they don't.\n\nNo, the profitability advantage for mining BTC instead of BSV [is currently](https://coin.dance/#profitability) ~~10%~~ ~~4.7%~~ 1.8%, not 3x.\n\nYou're right that miners occasionally have reasons other than straight profitability for choosing which chain to mine on, and BSV is an example of that. As a long-run scam coin, BSV's hashrate has often been propped up by its creators in order to facilitate their pump-and-steal-Satoshi's-coins-and-dump scheme.\n\nBut you're wrong in both the magnitude of these effects (off by about 40x for BSV), and you're wrong in thinking that these effects are relevant to BCH or BTC outside of hard fork/chainsplit/hash war circumstances.", '14p581h'], ['u/jtoomim', 21, '2023-07-03 07:21', 'https://www.reddit.com/r/btc/comments/14p581h/does_hashrate_follow_price_do_crypto_miners_truly/jqgz1dq/', "If hashrate doesn't necessarily follow price, why is it that the profitabilities per TH/s for mining BTC and for mining BCH are almost always within a few percent of each other?\n\nhttps://cash.coin.dance/blocks/profitability\n\nYou seem to have gotten yourself confused with a lot of long-winded argumentation. Empirically speaking, the hashrate-follows-price relationship is quite strong.", '14p581h']]], ['u/Paragon_Voice', 'Bitcoin Inheritance for Descendants', 13, '2023-07-03 04:18', 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/', "What is the safest and most secure way to make sure the Bitcoin I've accumulated can be handed down to my children. I do not want to have to trust any 3rd party.\n\nI want to make a stipulation on being able to obtain their inheritance that they must have read The Bitcoin Standard, and the Bitcoin Whitepaper as required reading.\n\nBut ultimately, I need to make sure that my keys can be transferred to my children when I kick the bucket.\n\nSuggestions?", 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/', '14p68c6', [['u/VaporWavey420', 31, '2023-07-03 04:28', 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/jqghkg8/', 'Send them on a wild scavenger hunt across the globe to find your keywords with hopes that they uncover the truth. That the most valuable thing you’ll ever discover is yourself.', '14p68c6'], ['u/kuzkokronk', 22, '2023-07-03 06:38', 'https://www.reddit.com/r/Bitcoin/comments/14p68c6/bitcoin_inheritance_for_descendants/jqgv7e4/', "It's pretty simple:\n\n1 ) Create a wallet with a 24 word seed phrase and a long 25th word passphrase.\n\n\n2 ) Put all your bitcoin that you want to give as an inheritance in that wallet.\n\n\n3 ) Give the 24 word seed phrase to your family, explaining how they need to keep it safe. Your family can't access your bitcoin without the 25th word passphrase. \n\n\n4 ) Give the 25th word passphrase to your lawyer to put into your will. The lawyer can't access your bitcoin without the 24 word seed phrase. \n\n\n5 ) When you die, the lawyer will give the 25th word passphrase to your family, and they can access your bitcoin.", '14p68c6']]], ['u/AutoModerator', '[Daily Discussion] - Monday, July 03, 2023', 36, '2023-07-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/', '14p89id', [['u/DarthVarn', 16, '2023-07-03 09:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqh9id3/', "OK I'll start. \n\nWe've had what, three black swan events last year, any chance we'll have three white swan events this year just to keep things in balance? \n\nBlackrock approved, Gensler resigns and............?", '14p89id'], ['u/ImpudicusFungus', 22, '2023-07-03 09:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqh9p6q/', 'Wardser fliping bullish', '14p89id'], ['u/52576078', 12, '2023-07-03 10:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqhetgp/', 'NYDIG finally delivers on all those promised corporate treasuries buying Bitcoin.', '14p89id'], ['u/Yodel_And_Hodl_Mode', 22, '2023-07-03 11:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqhiupf/', "> Gensler resigns\n\nThat's not going to happen. For the most part, Gensler isn't anti-crypto. He's anti-scams. Most unregulated securities are cash-grab scams. Especially in crypto.\n\nBitcoin isn't a security, so we're fine. And as scams in crypto get exposed, my hope is that more people realize open source honest projects like Bitcoin are the answer, not get-rich-quick pump and dump scams, and not bogus corporate-crypto bullshit either.\n\nI'm glad Gensler is trying to regulate exchanges (though he needs FAR more clarity on that task). Many exchanges are disasters waiting to happen. Not all, but many. I have no problem with Gensler trying to force exchanges that do business in the US to be honest and safe. If I had my way, there would be an open source solution for going from dollars to Bitcoin and back without needing companies like Coinbase (horrible customer service), Crypto.com (dangerously unfocussed), Voyager (gee, how'd THAT work out?), Binance (don't trust 'em), and others. Businesses care about profits, so they take unnecessary risks in order to put corporate profit above customer security. Just look at how Ledger is adding key extraction firmware to their wallets as proof of how companies will almost always screw over their users if it means management gets bigger bonuses.\n\nWe all need to do a better job of calling out fraud. Instead, too many in the crypto community seek out fraud in hopes of getting rich quick. This is why I love Bitcoin and hate bullshit like Pepe, and why I rave about projects like SeedSigner and curse evil companies like Ledger.\n\nBitching about the government is cliche, and it's juvenile. If companies are going to do business in a country, that business should be honest. The wild west attitude of tolerating pump & dump scams is bad for Bitcoin, because they make all crypto look bad. Exchanges risking customer money on fraud through irresponsible business practices (fuck you, Voyager) makes Bitcoin look bad, because they make all crypto look bad.\n\nWe all need to do a better job of calling out fraud.\n\nI know this won't be a popular thing to say, but without regulation, businesses steal with glee. Clarity in regulation will help Bitcoin to thrive in the business community, and that will send the price absolutely skyward. My complaint about Gensler isn't that he's getting involved with regulating crypto businesses. My complaint is that he isn't providing enough clarity.", '14p89id'], ['u/de_moon', 11, '2023-07-03 12:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqhn6ru/', "I thought I recognized this comment. I just counted it being posted 26 times in a row in your comment history. If that isn't the definition of spam, I don't know what is.", '14p89id'], ['u/AccidentalArbitrage', 23, '2023-07-03 15:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi6kdj/', "I can't quite get behind this. I think Gensler has been tasked by the Administration to reign in all cryptocurrency activity in the US, Bitcoin included. Alts are just first.\n\nWhile I support him enforcing securities laws, suing scammers, and cleaning up the space, etc I believe if he gets his way this is just the first step towards doing everything he can to destroy the entire industry. Potentially coming soon after:\n\n* Outlawing self-custody\n* Extreme government surveillance in the form of excessive KYC, reporting requirements around all transfers, even tiny amounts\n* Making fiat on and off ramps virtually unusable\n* Targeted and excessive taxes on mining (they already proposed this and tried to get it into the debt ceiling bill, luckily they failed), transfers, and capital gains rates above those for tradfi\n\nThe above could make Bitcoin extremely hard to use, especially for retail. I think all of the above are a realistic possibility for Bitcoin if we, and our Congressmen and Senators that support the industry, do not push back hard against Gensler and those in the Administration pushing him.\n\nFuck the altcoin scams, I hope he gets rid of all of them, but I think the Administration is coming for Bitcoin next, if we let them.\n\nI have enough coin I'll pick up my family and move out of the US if it gets as bad as I fear, but most people can't do that.", '14p89id'], ['u/dopeboyrico', 14, '2023-07-03 15:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi6zn0/', 'Why wait? By the time a red day comes it’s possible price will be higher than where it’s at currently.', '14p89id'], ['u/imissusenet', 26, '2023-07-03 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi8x6m/', "We interupt this tomb-like atmosphere to actually post a trade.\n\nI bought the MSTR 0.750% convertible bonds 30 Dec 2022 for $563.90. I just sold for $1040.00. I'll take it.", '14p89id'], ['u/snek-jazz', 16, '2023-07-03 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi94xd/', "I bought some MSTR shares around the same time for $142. They're at ~~$360~~ $375 today.", '14p89id'], ['u/YouNeedAVacation', 12, '2023-07-03 16:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqi9tkb/', 'My gambling addiction likes this comment', '14p89id'], ['u/ImpudicusFungus', 13, '2023-07-03 17:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqihqvb/', 'Enough of the foreplay.', '14p89id'], ['u/BootyPoppinPanda', 19, '2023-07-03 17:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqii7g8/', "32k today boys, we've been edging so hard. Loads will be blown and we'll end the day back at 31k to rekt the top-longers", '14p89id'], ['u/diydude2', 14, '2023-07-03 17:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqij3ef/', 'Not closing my long from 29.8 at 31 because I think there will be fireworks in the next couple days. 32 might tempt me.', '14p89id'], ['u/xtal_00', 10, '2023-07-03 17:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqim65p/', '32k test.', '14p89id'], ['u/testyboy1234', 15, '2023-07-03 17:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqimn8j/', 'Yeah we\'ve heard that before. Not saying im bearish but im pretty tired of these arbitrary "never going below x again" posts.', '14p89id'], ['u/delgrey', 10, '2023-07-03 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqimr80/', 'Pure signal right there.', '14p89id'], ['u/marsh2907', 11, '2023-07-03 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqinckr/', 'Do we see fireworks once we get above 31.5k? hmm......', '14p89id'], ['u/imissusenet', 10, '2023-07-03 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqitf45/', "If (and that's a big if) one or more spot ETFs are approved for the USA, does that help or hurt MSTR relative to the rest of the market?\n\nThe consensus seems to be that a spot ETF in the USA will be bullish for BTC prices, and if that's true then the value of BTC held by MSTR goes up. But at the same time, people who wanted exposure to BTC and so had to settle for MSTR are now able to remove the Saylor factor.", '14p89id'], ['u/4theWlN', 12, '2023-07-03 18:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqiujp4/', 'Mstr is a levered play on Bitcoin because of how they raised debt to buy. If we go up it should outperform and if we are below 30k dec 25 it’ll be super punished as the expectation will rise that they sell at a loss to pay debt.', '14p89id'], ['u/jpdoctor', 11, '2023-07-03 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqixegu/', '>it’ll be super punished as the expectation will rise that they sell at a loss to pay debt.\n\nLast I checked (a while ago) they still have the cash flow from the rest of the biz to pay the coupons, so no forced sale necessary.\n\nHas this changed?', '14p89id'], ['u/dopeboyrico', 27, '2023-07-03 19:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqj78jb/', 'BlackRock has now refiled their spot ETF application with Coinbase listed for their surveillance sharing agreement.', '14p89id'], ['u/NLNico', 11, '2023-07-03 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqj9nfx/', 'Seems already by [June 29](https://listingcenter.nasdaq.com/assets/rulebook/NASDAQ/filings/SR-NASDAQ-2023-016_Resubmission.pdf) but indeed only since today 16:33 UTC on their site (= ahead of 4 Cboe BZX ones that were refiled at [June 30](https://www.cboe.com/us/equities/regulation/rule_filings/bzx/) - except ARK of course.) The added details:\n\n>On June 8, 2023, the Exchange reached an agreement on terms with Coinbase, Inc. (“Coinbase”) to enter into a surveillance-sharing agreement (“Spot BTC SSA”), and the associated term sheet became effective as of June 16, 2023. Based on this agreement on terms, the Exchange and Coinbase will finalize and execute a definitive agreement that the parties expect to be executed prior to allowing trading of the Commodity-Based Trust Shares. Trading of Bitcoin on Coinbase represents a significant portion of US-based Bitcoin trading. The Sponsor has stated to the Exchange that, based on publicly available data reported by spot bitcoin platforms active in the U.S. market, trading on Coinbase has represented approximately 56% of US-dollar to Bitcoin trading on such U.S.-based platforms out of total YTD volume across these platforms of approximately U.S. $129 billion, as of June 28, 2023.\n\n> The Spot BTC SSA is expected to be a bilateral surveillance-sharing agreement between Nasdaq and Coinbase that is intended to supplement the Exchange’s market surveillance program. The Spot BTC SSA is expected to have the hallmarks of a surveillance-sharing agreement between two members of the ISG, which would give the Exchange supplemental access to data regarding spot Bitcoin trades on Coinbase where the Exchange determines it is necessary as part of its surveillance program for the Commodity-Based Trust Shares. This means that the Exchange expects to receive market data for orders and trades from Coinbase, which it will utilize in surveillance of the trading of Commodity-Based Trust Shares. In addition, the Exchange can request further information from Coinbase related to spot bitcoin trading activity on the Coinbase exchange platform, if the Exchange determines that such information would be necessary to detect and investigate potential manipulation in the trading of the Commodity-Based Trust Shares\n\nCboe BZX ones just say "The Exchange is *expecting* to enter into a surveillance-sharing agreement with Coinbase", while Nasdaq already has an agreement.', '14p89id'], ['u/Shaffle', 13, '2023-07-03 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjbafd/', 'You\'re into some interesting forms of edging if it includes "mini dumps" 😂', '14p89id'], ['u/imissusenet', 11, '2023-07-03 21:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjj3zy/', "You've ruined it for everyone.", '14p89id'], ['u/_TROLL', 14, '2023-07-03 21:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjnorb/', 'A small consortium of people is valiantly trying to get Wardser stopped out. 😏', '14p89id'], ['u/BootyPoppinPanda', 20, '2023-07-03 21:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjojdd/', 'I like Wardser for his conviction and lack of giving a fuck what others think. Sub 10k is still crazy to me, and I really hope that idea blows up for my own sake, not necessarily for the big blow to his ego', '14p89id'], ['u/1337Echo', 16, '2023-07-03 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjpb40/', "Traded my MSTR trading stack [back for BTC](https://reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbua0wg/) netting circa 0.0015 btc per share profit and also closed my 3x MSTR long I since opened for ~110% profit.\n\nAgain, I've upped my BTC stack a noteworthy amount by making this arbitrage trade, but the MSTR premium is simply too overvalued compared to spot BTC for me now, especially with ETFs potentially on the horizon.\n\nI'll consider re-entering the arb trade if/when another MSTR buying opportunity comes though.\n\nOn a side note, I almost got stiffed by my bank. They thought I was making fraudulent transactions and blocked my payment. When I explained what it was for, I was drilled with questions far beyond the normal verification process, I was practically interrogated. They even asked what cold storage device I used. It seemed beyond normal fraud protection and rather more like surveillance. I most definitely wouldn't be surprised if that information will be kept on file and passed to others. If only there was a way I could be in control of my own money...", '14p89id'], ['u/Chainlink5usdBottom', 18, '2023-07-03 22:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjprpn/', '[Very interesting pattern](https://www.tradingview.com/x/zcq1oIS8/) as we all get bullish with Blackrock and the SEC.', '14p89id'], ['u/imissusenet', 10, '2023-07-03 22:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjqnc9/', 'Skyrockets in flight,\n\nAfternoon delight.', '14p89id'], ['u/Shaffle', 11, '2023-07-03 22:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjs6hw/', "That's wild. I can't imagine why they would need to know what cold storage device you use. They also have no way of verifying whether you're answering truthfully about it.", '14p89id'], ['u/spinbarkit', 11, '2023-07-03 22:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjsq40/', 'call me paranoid, but let me get this straight - your ordinary bank employee asked you what cold storage for BTC you use? sounds like completely external scam attempt or insider is likely compromised. banks in my country (and I mean AML departments) think crypto only purpose is money laundering / criminal activity related and are oblivious to any in-depth info regarding BTC. just saying...', '14p89id'], ['u/PurpleFlamingoFarmer', 21, '2023-07-03 22:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/14p89id/daily_discussion_monday_july_03_2023/jqjur3t/', "RIP Essexual you will be remembered. Keep longing in this bull market it's so fucking easy I love it", '14p89id']]], ['u/CaptnPilot', 'Tips as someone who went through three bull runs, held my bags to the bottom through two, and cashed out in the third.', 424, '2023-07-03 07:06', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/', 'Remember the sentiment in the sub now, and how it was during the last bull run.\n\nWhen you see people say "I\'m starting to DCA into..." after 4 months of being in the green, it\'s time for you to actually start DCA-ing out. The new guys are going to get euphoria and FOMO for the first time in their life, maybe second if they were here last time. They don\'t know just how quickly it all changes. If you DCA out, the value of that coin might still go up, but you are took your profit. You might miss out on more gains, but you won\'t be stuck holding the bag when it comes crashing down. \n\nIf you token have an unstaking period (like DOT = 28 days) you need to unstake them well before the price gets to your target. I\'m thinking after BTC hit\'s it previous ATH, I will start to unstake and then just wait for the right time. Previously I waited until my token got too close to my target, unstaked and by the time I could trade them, the price had fallen quite a bit. \n\nYou shouldn\'t be too diversified. I remember people being in like 30-40 different tokens. That\'s too much to really keep track of. How can you follow that many projects closely? I\'d say around 10 tokens. For me it\'s 70% in two of the top token that have low risk, and 30% in lower MC coins and even a moonshot in there. (last cycle my moonshot gained more than the rest of my portfolio combined, just lucky tho. Previous bull run mooncoins didn\'t do anything and I lost all of it.)\n\nWhen you do start to cash out, consider that money is completely out and in your bank account or in a wallet to not be used again for years. Don\'t try to buy back in after a 30% pull back in the bull, it could go up again, but one of those pull backs, will be the beginning of a rapid down trend and you don\'t be want to be in when that happens. \n\nMaybe most importantly, be aware of your bias. I\'m in a couple irl crypto groups and we "understand" this space and crypto more than the average person. So maybe we believe in the tech more than other people. A regular person might buy Coin A for $4 and then it goes to $20 and they just cash out because they don\'t understand the space, they just see profit and take it. While the people in my irl group, just held and held because they believed in the project. It doesn\'t really matter if the token is revolutionary or some dog shit coin, if people aren\'t buying it, price goes down and you get left holding the bag. \n\nGood luck boys. ', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/', '14p9j6q', [['u/partymsl', 19, '2023-07-03 07:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqgxy4i/', 'I am sure that if I would diversify with 30-40 tokens, all of them would just be shitcoins going to 0.', '14p9j6q'], ['u/InsaneMcFries', 11, '2023-07-03 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqgyoiz/', 'Last bull I was in like 20, and everything including obvious shitcoins made money anyway, some like 2x and others 10x. It was still chaos to keep track of the lot. Much easier keeping it simple with projects you believe in, for hype or tech reasons', '14p9j6q'], ['u/Setyman', 32, '2023-07-03 07:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqgzyn2/', "There's a cash out option?", '14p9j6q'], ['u/Qptimised', 222, '2023-07-03 07:37', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh0ezr/', "So tldr; \n\nSell during bull run and don't succumb to FOMO. \n\nBoth things that I didn't do during last bull run. 😅", '14p9j6q'], ['u/Cannister7', 11, '2023-07-03 07:46', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh187l/', "Thanks for the advice. I'm female, can I take it too?", '14p9j6q'], ['u/Dazzling_Marzipan474', 19, '2023-07-03 07:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh1fmn/', "I'm not selling more than maybe 20% of anything. Crypto is very volatile because it's still early but one day it'll go up and not come back down. I don't wanna be the guy fomo'ing back in because I sold my BTC at 70k and it's now at 160k and no sign of coming down. I'm in BTC for the long haul. It's being adopted everywhere. It's insane.", '14p9j6q'], ['u/FattestLion', 11, '2023-07-03 07:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh1yw4/', 'At one point I had almost 100 coins, and most of them lost 90-99% of their value', '14p9j6q'], ['u/CaptnPilot', 25, '2023-07-03 08:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2dr1/', "we have a long way to go before it goes up and doesn't come down.", '14p9j6q'], ['u/the_far_yard', 21, '2023-07-03 08:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2muk/', "A lot of people go blind when it's time to exit.", '14p9j6q'], ['u/Flattorte', 28, '2023-07-03 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2rof/', "I think everyone goes through that the first time, and if they don't learn by the second time, well, that's on you mates; don't fall for the buy high sell low trap", '14p9j6q'], ['u/CaptnPilot', 11, '2023-07-03 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh2tnl/', "I don't hold any BTC. I do hold ETH though. If BTC goes up, ETH goes up more (percentage). If BTC does nothing, everything else kinda does nothing too.\n\nI have a higher target this bull run and if we see those numbers, I'm cashing out 100% and exiting crypto for a couple years.", '14p9j6q'], ['u/skystarsss', 15, '2023-07-03 08:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh3vg1/', "I didn't go blind, but I lost function on my hands and arms.", '14p9j6q'], ['u/Dip_the_Dog', 77, '2023-07-03 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh4ozw/', ">A regular person might buy Coin A for $4 and then it goes to $20 and they just cash out because they don't understand the space, they just see profit and take it.\n\nSounds like they understand the space pretty well to me...", '14p9j6q'], ['u/Popular_Worry_9294', 16, '2023-07-03 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh5qli/', 'Not if you use Robinhood', '14p9j6q'], ['u/marxxy94', 10, '2023-07-03 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh6gez/', 'I am here since november 2017 and I am ready to die with my shitbags', '14p9j6q'], ['u/Xero-Max', 19, '2023-07-03 08:52', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh6kct/', 'Having targets is essential. I wrote my targets down so I do not change them when FOMO dominates the market.', '14p9j6q'], ['u/MadeMan-uk', 10, '2023-07-03 09:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh86ds/', 'Yes but if you sell early you miss out on becoming a millionaire \n\nThe same reason I didn’t take any profit when I was 40k up on Loopring. \n\nI’m in for the long haul', '14p9j6q'], ['u/FreyaOystea', 15, '2023-07-03 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh9dlg/', "''Some moons'' says 118k lol", '14p9j6q'], ['u/iworkisleep', 10, '2023-07-03 09:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh9ih5/', 'Never take advice from a person doesn’t even hold BTC and have been through 3 bull runs. Makes no sense.', '14p9j6q'], ['u/Every_Hunt_160', 17, '2023-07-03 09:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqh9tpv/', 'OP goes a bit more than that\n\nThe part of ‘not buying in with your profits’ and ‘cashing out for several years’ are as important as taking profits. \n\nI’ve had situations where I took profits, ‘re-rolled’ the profits into other coins in ‘dips’ and ended up taking losses when the bear run hits', '14p9j6q'], ['u/EdgeLord19941', 14, '2023-07-03 09:54', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhb6rm/', "I don't want to sell my BTC because I'll never be able to accumulate this much again", '14p9j6q'], ['u/finkofallthechildren', 24, '2023-07-03 10:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhce7x/', "> I'd say around 10 tokens.\n\nFor me 10 still seems way too high.\n\nBTC, ETH, and a few other strong narrative plays or moon shots are really all you need.", '14p9j6q'], ['u/mesutdmn', 23, '2023-07-03 10:29', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhdqtp/', 'Knowing less and being afraid of losing your gains seems best way to make money in crypto market.', '14p9j6q'], ['u/Calm-Cartographer677', 12, '2023-07-03 10:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14p9j6q/tips_as_someone_who_went_through_three_bull_runs/jqhf9hd/', "Same here. I think it's important advice to not reinvest those profits in the same cycle. It really does make a market downturn much easier to handle knowing you've cashed out some money ready for the next cycle.", '14p9j6q']]], ['u/rBitcoinMod', 'Daily Discussion, July 03, 2023', 49, '2023-07-03 08:06', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14ogkse/daily_discussion_july_02_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/', '14pangp', [['u/kuzkokronk', 15, '2023-07-03 08:56', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/jqh6xdi/', "If you're not accumulating bitcoin right now, you're going to regret it 10 years from now!", '14pangp'], ['u/theduke9', 16, '2023-07-03 21:15', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/jqjiizk/', 'and so begins the bull run to 40k.', '14pangp'], ['u/Tron_Passant', 12, '2023-07-03 21:48', 'https://www.reddit.com/r/Bitcoin/comments/14pangp/daily_discussion_july_03_2023/jqjn8th/', "This is the best time to buy. ETF's are coming. Halving is coming. THIS is the calm before the storm. I've got a DCA rolling and I feel really good about it.\n\nDon't fret about local tops and daily swings. Accumulate. DCA. You want to look/feel smart when the next bull run pops off? Be stacking now.\n\nBitcoin is easy money. It just takes some foresight, patience, and balls. Most people can't combine all three. Can you?", '14pangp']]], ['u/JerSucks', 'ITZY Weekly Discussion & Recap for June 26, 2023 - July 2, 2023', 31, '2023-07-03 09:18', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/', '#Weekly Recap for June 26, 2023 - July 2, 2023\n\nWelcome to the r/ITZY Weekly Discussion & Recap!\n\nIn this thread we compile everything [ITZY](https://i.imgur.com/NecZAIu.jpg) has done this week for people who can\'t quite keep up with it all!\n\nThis post now also serves as our Weekly MIDZY Discussion Thread! That means this is an anything goes discussion thread. Feel free to talk about anything you\'d like with other MIDZY! All we ask is that you keep it safe for work!\n\n---\n\nCHESHIRE Era Stream Links \| \n\|--\|\n[Cheshire Music Video](https://youtu.be/zugAhfd2r0g) \|\n[Boys Like You Music Video](https://youtu.be/6uZy86ePgO0) \|\n[CHESHIRE on Spotify](https://open.spotify.com/album/2a1ezg7hE6Dyuymv1aCnkm?si=a55f8f9a8d734954) \|\n[CHESHIRE Album Discussion Thread](https://redd.it/z8ml5g)\n\n---\n\nLia - One Hundred Love (Romantic Doctor 3 OST Part.5) \|\n\|--\|\n[One Hundred Love](https://youtu.be/sQlaermnufs) \|\n[One Hundred Love (Making Ver.)](https://youtu.be/iphcBamQrjI) \|\n[One Hundred Love on Spotify](https://open.spotify.com/album/3tbF7tfZeQa9WnXmpclfiF?si=-RBgXMl7Q-OphBTcWJSXiw) \|\n\n---\n\nBlah Blah Blah Stream Links \| \n\|--\|\n[Blah Blah Blah Music Video](https://youtu.be/F-QTb-0wRGk) \|\n[Can\'t tie me down](https://www.youtube.com/watch?v=KHr4VVzE3zQ) \|\n[Blah Blah Blah on Spotify](https://open.spotify.com/track/5wOWpaKW92jhcm8pBOlrdR) \|\n\n\n\n---\n\n#Megathreads\n\n\|Thread\|\n--\|--\n\| [The 5th Mini Album "CHECKMATE" (Era Recap)](https://redd.it/z295ux)\n\n\n------\n\n##Teasers\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [1]](https://twitter.com/ITZYofficial/status/1673149832028979200) \| [Thread](https://redd.it/14j48g7)\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [2]](https://twitter.com/ITZYofficial/status/1673149580446412800) \| [Thread](https://redd.it/14j48g7)\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [3]](https://twitter.com/ITZYofficial/status/1673149328620404737) \| [Thread](https://redd.it/14j48g7)\n230626 \| [The 7th Mini Album \'KILL MY DOUBT\' (Standard, Limited, Digipack, and Casette Packaging Preview) [4]](https://twitter.com/ITZYofficial/status/1673149080392851456) \| [Thread](https://redd.it/14j48g7)\n230630 \| [BET ON ME (Image Teasers [1])](https://twitter.com/ITZYofficial/status/1674432537635192835) \| [Thread](https://redd.it/14m7e6l)\n230630 \| [BET ON ME (Image Teasers [2])](https://twitter.com/ITZYofficial/status/1674432786663616514) \| [Thread](https://redd.it/14m7e6l)\n\n---\n\n##Social Media\n\n*Instagram\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230626 \| [Yeji & Yuna Update](https://www.instagram.com/p/Ct732luSp88) \| [Thread](https://redd.it/14j3rxi)\n230627 \| [Lia, Ryujin & Yuna Update](https://www.instagram.com/p/Ct-py1hSXKx) \| [Thread](https://redd.it/14k2hle)\n230627 \| [Lia Update [1]](https://www.instagram.com/p/Ct-qIMzyyEK) \| [Thread](https://redd.it/14k2j8m)\n230627 \| [Lia Update [2]](https://www.instagram.com/p/Ct_RpldynFl) \| [Thread](https://redd.it/14kbim5)\n230627 \| [Lia Update [3]](https://www.instagram.com/p/Ct_VLvbyRnC) \| [Thread](https://redd.it/14kbjou)\n230628 \| [Yuna Update](https://www.instagram.com/p/CuBhIgvLYOH) \| [Thread](https://redd.it/14l1mtm)\n230628 \| [Chaeryeong Update](https://www.instagram.com/p/CuB6TZNp4aj) \| [Thread](https://redd.it/14l5dpp)\n230628 \| [Yeji Update](https://www.instagram.com/p/CuB6iTcpQdG) \| [Thread](https://redd.it/14l5du8)\n230630 \| [Ryujin Update](https://www.instagram.com/p/CuGqRCfri1r) \| [Thread](https://redd.it/14msaij)\n230630 \| [Lia Update](https://www.instagram.com/p/CuHSIMyryFS/?igshid=MzRlODBiNWFlZA==)) \| [Thread](https://redd.it/14myowj)\n230630 \| [Ryujin Update](https://www.instagram.com/p/CuHTXYkyhqh) \| [Thread](https://redd.it/14mysaj)\n230701 \| [Yeji Update](https://www.instagram.com/p/CuHxkhsSsNs) \| [Thread](https://redd.it/14n5hxk)\n230701 \| [ITZY Update](https://www.instagram.com/p/CuH8yXHy_BW) \| [Thread](https://redd.it/14namee)\n230701 \| [Lia Update [1]](https://www.instagram.com/p/CuJlLHNyDV1/?igshid=MzRlODBiNWFlZA==)) \| [Thread](https://redd.it/14nqt6u)\n230701 \| [Lia Update [2]](https://www.instagram.com/p/CuJmIPCSnSB) \| [Thread](https://redd.it/14nqyjy)\n\n\nMisc SNS\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230627 \| [JYPE Japan Twitter Update - JYP JAPAN POPUP STORE 2023](https://twitter.com/JYPE_JAPAN/status/1673541663871074306) \| [Thread](https://redd.it/14k3gyn)\n\n\n---\n\n##Audio\n\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230628 \| [Leechanhyukvideo - Doremifasollatido (Vocal by CHAERYEONG)](https://www.youtube.com/watch?v=PtuXKkX6Few) \| [Thread](https://redd.it/14l4erx)\n---\n\n##Videos\n\nOfficial Videos (kr)\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230627 \| [ITZY? ITZY! EP.141](https://youtu.be/2FD3vEm_3BE) \| [Thread](https://redd.it/14k8dpu)\n230629 \| [IT\'z TOUR BOOK EP.26](https://www.youtube.com/watch?v=0GWS1b42WO8) \| [Thread](https://redd.it/14m0955)\n230630 \| [ITZY VLOG (ITZY in New York EP.02)](https://www.youtube.com/watch?v=INWoEGl5vCg) \| [Thread](https://redd.it/14mw73z)\n230703 \| [BET ON ME](https://youtu.be/RmTq3cJqyCo) \| [Thread](https://redd.it/14oqff6)\n\n\nMisc\n\nDate \| Title / Link \| Thread\n\|--\|--\|--\n230703 \| [BET ON ME (BEHIND PHOTOS) [1]](https://twitter.com/ITZYofficial/status/1675520453106966531) \| [Thread](https://redd.it/14oqqg2)\n230703 \| [BET ON ME (BEHIND PHOTOS) [2]](https://twitter.com/ITZYofficial/status/1675520201184645120) \| [Thread](https://redd.it/14oqqg2)\n230703 \| [BET ON ME (BEHIND PHOTOS) [3]](https://twitter.com/ITZYofficial/status/1675519949555613697) \| [Thread](https://redd.it/14oqqg2)\n\n\n---\n\n###Member Subs - r/Yeji - r/ChoiJisu - r/Ryujin - r/Chaeryeong - r/Yuna\n \n###Memes & Media Subs - r/itzymemes - /r/MIDZY \n\n##Subreddit Links & Info\n\n[Last weeks Recap](https://redd.it/14d01t3)\n\n[Weekly Recap Archive](https://www.reddit.com/r/ITZY/wiki/recap)\n\n[Variety Appearance Archive](https://www.reddit.com/r/ITZY/wiki/variety)\n\n[Performance Archive](https://www.reddit.com//r/ITZY/wiki/music-shows)\n\n[V LIVE Archive](https://www.reddit.com//r/ITZY/wiki/vlive)\n\n[Discography](https://www.reddit.com//r/ITZY/wiki/discography)\n\n---\n\n##[ITZY Discord*](https://discord.gg/kxWER8p)', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/', '14pbxv8', [['u/purplemarvel', 22, '2023-07-03 11:10', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhgm21/', "I can't stop watching and listening to Bet On Me... I hope they release an MV behind, I really wanna see what the atmosphere was like while they were filming in each of their sets. Especially Yuna in the train.", '14pbxv8'], ['u/SapphireHeaven', 15, '2023-07-03 13:24', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhqy0z/', 'With so many MVs we will hopefully have enough content for weeks 😁', '14pbxv8'], ['u/purplemarvel', 11, '2023-07-03 13:27', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhr8vv/', 'Definitely so excited for it all! July will be a great month for MIDZYs 🤍', '14pbxv8'], ['u/M_Prodigy', 20, '2023-07-03 14:02', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhuls3/', "Apparently, Itzy lives rent-free in a lot of people's heads 😆 Must be a coping mechanism of some sort. The facts are:\n\nItzy has not fallen off;\nItzy continues to grow and mature as a group of hardworking ladies;\nSneakers was a GP hit, accept it;\nTheir budget is insane with 3 MVs this comeback.\n\nSo ya, the wonderful ladies of Itzy are doing outstanding. Can't wait to see what they have in store for us.\n\nJust to be clear, this isn't a jab at Midzys in any way. We get it. It's always the loud minority trying to rock the boat.", '14pbxv8'], ['u/purplemarvel', 13, '2023-07-03 14:34', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqhy13n/', 'The best way to enjoy this comeback is to stay away from spaces that invite so much negativity. Sometimes the loud minority gets so loud that it sucks the joy out of everything. Feel free to use the block button ad libitum!', '14pbxv8'], ['u/PrimaryWerewolf6694', 13, '2023-07-03 15:25', 'https://www.reddit.com/r/ITZY/comments/14pbxv8/itzy_weekly_discussion_recap_for_june_26_2023/jqi3ycx/', 'Bet on Me has emotionally wrecked me (in a good way), and I\'m loving reading all the fan analyses of the m/v.\n\nSome of my faves are:\n1) Yeji being the only member without a scene showing vulnerability, and is constantly running in the m/v. This highlights her role as the \'leader\' of the group, leading the rest to face their doubts head on.\n\n2) Lia opening the box she was trapped in. It could mean not to \'box\' her in or unfairly judge her, but also that she\'s her own gift to herself. ITZY\'s self-love message is on point. \n\n3) How Ryujin sings "wanna win? Then I gotta lose some days". This coming from our very own \'R.A.W\' (Ryujin always wins) 🤧 \n\n4) Chaeryeong getting hurt 🤕(who hurt u chaery?💔) but picking her self back-up. The self-love message is so consistent here.\n\n5) ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Xinhua/Wang Ying/ Getty Images US stocks gained in a shortened day of trading on Monday ahead of Independence Day. The S&P 500 surged 16% in the first half of the year, and investors are hoping to extend those gains into the second half. Tesla stock surged as much as 9% after the company announced second-quarter deliveries that beat analyst estimates. US stocks edged higher on Monday in a shortened day of trading ahead of Tuesday\'s Independence Day. The stock market closed at 1 p.m. on Monday, and will be closed on Tuesday. The S&P 500 surged 16% in the first half of the year, while the Nasdaq 100 was up almost 39%. Investors are hoping to extend those gains into the second half of the year, looking to avoid too much turbulence in the face of recession forecasts and the prospect of more tightening by the Federal Reserve. Fundstrat\'s Tom Lee raised his year-end S&P 500 price target to 4,825 on Monday. The ardent market bull said the Fed is wining the war on inflation, which will give the central bank room to pull back on its aggressive policy. Here\'s where US indexes stood at the 1:00 p.m. ET close on Monday: S&P 500 : 4,455.59, up 0.12% Dow Jones Industrial Average : 34,418.47, up 0.03% (10.87 points) Nasdaq Composite : 13,816.77, up 0.21% Here\'s what else happened today: Not all investors are feeling bullish. PIMCO CIO Dan Ivascyn is warning about a "harder landing" for the global economy and arguing that investors are too bullish about central banks\' inflation fight. Tesla stock surged nearly 6% after the company announced second-quarter deliveries that beat analyst\'s most bullish expectations. The company delivered 466,000 vehicles in the quarter. Wedbush analyst Dan Ives said Tesla\'s recent price cuts were a "smart poker move" that helped the company make record deliveries in the quarter. Wharton professor Jeremy Siegel said the bull run in stocks can go on for a lot longer even as the Fed wages a "war on growth." Indian oil refiners are beginning to use China\'s yuan instead of the US dollar to buy crude oil from Russia. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 0.52% to $70.27 per barrel. Brent crude , oil\'s international benchmark, dropped 0.36% to $75.14. Gold jumped 0.11% to $1,931.60 per ounce. The yield on the 10-year Treasury was flat at 3.85%. Bitcoin rose 1.25% to $31,002, while ether jumped 1.22% to $$1,960. Read the original article on Business Insider', '• US stocks gained in a shortened day of trading on Monday ahead of Independence Day.\n• The S&P 500 surged 16% in the first half of the year, and investors are hoping to extend those gains into the second half.\n• Tesla stock surged as much as 9% after the company announced second-quarter deliveries that beat analyst estimates.\nUS stocks edged higher on Monday in a shortened day of trading ahead of Tuesday\'s Independence Day. The stock market closed at 1 p.m. on Monday, and will be closed on Tuesday.\nTheS&P 500surged 16% in the first half of the year, while theNasdaq 100was up almost 39%. Investors are hoping to extend those gains into the second half of the year, looking to avoid too much turbulence in the face of recession forecasts and the prospect of more tightening by the Federal Reserve.\nFundstrat\'s Tom Leeraised his year-end S&P 500 price target to 4,825 on Monday.The ardent market bull said the Fed is wining the war on inflation, which will give the central bank room to pull back on its aggressive policy.\nHere\'s where US indexes stood at the 1:00 p.m. ET close on Monday:\n• S&P 500:4,455.59, up 0.12%\n• Dow Jones Industrial Average:34,418.47, up 0.03% (10.87 points)\n• Nasdaq Composite:13,816.77, up 0.21%\nHere\'s what else happened today:\n• Not all investors are feeling bullish.PIMCO CIO Dan Ivascyn is warning about a "harder landing"for the global economy and arguing that investors are too bullish about central banks\' inflation fight.\n• Tesla stock surged nearly 6%after the company announced second-quarter deliveries that beat analyst\'s most bullish expectations. The company delivered 466,000 vehicles in the quarter.\n• Wedbush analystDan Ives said Tesla\'s recent price cuts were a "smart poker move"that helped the company make record deliveries in the quarter.\n• Wharton professor Jeremy Siegel saidthe bull run in stocks can go on for a lot longereven as the Fed wages a "war on growth."\n• Indian oil refinersare beginning to use China\'s yuan instead of the US dollar to buy crude oilfrom Russia.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 0.52% to $70.27 per barrel.Brent crude, oil\'s international benchmark, dropped 0.36% to $75.14.\n• Goldjumped 0.11% to $1,931.60 per ounce.\n• The yield on the 10-year Treasury was flat at 3.85%.\n• Bitcoin rose 1.25% to $31,002, while ether jumped 1.22% to $$1,960.\nRead the original article onBusiness Insider', 'Bitcoin climbed above US$31,000 in Tuesday morning trading in Asia after Blackrock refiled a Bitcoin exchange-traded fund (ETF) application in the U.S. after the regulator criticised an earlier filing, suggesting the world\x92s biggest money manager is determined to take a lead in cryptocurrency markets. Ethereum also logged gains amid institutional interest, while other top 10 non-stablecoin cryptocurrencies traded mixed. Polygon led the winners and Litecoin the losers. Crypto Bitcoin rose 1.83% over the last 24 hours to US$31,142 at 07:50 a.m. in Hong Kong, moving up 2.85% for the past seven days, according to data from CoinMarketCap. The world\x92s largest cryptocurrency reached a high of US$31,371 early Tuesday morning, the highest since June 2022. BlackRock submitted an amended application for a spot Bitcoin ETF on Monday, after the U.S. Securities and Exchange Commission (SEC) said BlackRock\x92s original filing was inadequate. BlackRock indicated in the new filing that Coinbase, the custodian of the proposed ETF\x92s Bitcoin holdings, will provide market surveillance to support the ETF, according to a Bloomberg report on Tuesday. Several other financial institutions have filed Bitcoin ETF applications despite a crackdown last month by the SEC, which filed lawsuits against Binance.US and Coinbase last month for allegedly violating securities laws in trading cryptocurrencies. In emailed comments, Jeff Mei, chief operating officer of digital asset exchange BTSE , said the SEC criticism of the application caused some selling last week, but \x93investors remain quietly optimistic about future approvals.\x94 Ether gained 1.18% to US$1,954.24, and added 5.23% for the week. Bitcoin and Ether have both seen increased interest from financial institutions in the past week, according to a Monday report from European cryptocurrency investment firm CoinShares. Bitcoin-linked digital asset investment products saw net inflows of around US$123 million in the week ending June 30, while Ethereum-linked products had net inflows of around US$2.7 million. Digital asset investment products have seen two weeks of net inflows since June 19, after logging 9 weeks of consecutive outflows. Story continues Most other top 10 non-stablecoin tokens traded higher in the past 24 hours, with Polygon\x92s Matic token spearheading the rally with a gain of 4.60% to US$0.7119. It\x92s up 10.18% for the week despite the U.K.-based fintech neobank and crypto exchange Revolut plans to delist Polygon, Solana and Cardano tokens for its U.S. users in September, according to a report by the Block on Monday. Litecoin led the losers in a potential price correction, falling 5.83% to US$106.69. It still logged weekly gains of 22.47% driven higher by the token\x92s upcoming third halving event on August 2, which will make the token scarcer. Litecoin investors also received a boost after the token was selected to trade on the newly established EDX Markets exchange , which opened on June 20 and is backed by Wall Street heavyweights, including Citadel Securities, Fidelity Investments and Charles Schwab. The total cryptocurrency market cap rose 1.28% to US$1.22 trillion in the last 24 hours, while crypto trading volume rose 26.34% to US$37.86 billion, according to CoinMarketCap data. NFT volumes gain The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the main Forkast 500 NFT index fell 1.08% in the 24 hours to 09:40 a.m. in Hong Kong to 2,750, down 5.06% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets logged moderate increases. NFT trading volume on Ethereum rose 18.72% in the past 24 hours to US$27.29 million, according to CryptoSlam data, while Polygon\x92s volumes surged 121.63% to more than US$1.89 million. Trading volumes also rose on the Bitcoin, Solana and BNB Chain networks. Bored Ape Yacht Club (BAYC), the second largest NFT collection by market cap, saw trading volume jump 52.56% to US$4.98 million, with Ethereum-based NFT collections Azuki and Mutant Ape Yacht Club (MAYC) ranking the second and the third. \x93A bit of a rebound today on the ETH side, which is in the green for the first time in days. Top collections like Bean, Azuki, and MAYC have had increases in their floor prices 7-20% and even BAYC has slowed its decline,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. However, the floor prices of some major NFT collections are still holding considerable losses for the past week, with BAYC floor price falling over 20% in the past seven days and Azuki sliding more than 50% over the same period, according to data from CoinGecko. Azuki Elementals are a collection of 20,000 NFTs launched on June 27 as a spin-off of the original Azuki collection. While the Elementals sold out within 15 minutes, collectors started to complain that the supposed new NFTs looked almost identical to the original Azuki collection. Azuki DAO , a community of dissatisfied Azuki holders, was formed last week and passed a vote on Monday to launch a lawsuit against Azuki creator Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO to \x93promote the growth of the entire Azuki community.\x94 \x93NFT platforms have experienced an increase in trading volume in recent days, while the prices of blue-chip NFTs have declined,\x94 said Gracy Chen, managing director at digital asset trading platform Bitget , in an emailed comment. \x93The NFT market is undergoing a major adjustment, but a decline does not necessarily indicate the decline of the entire industry,\x94 said Chen. \x93As NFT derivatives, including lending, indexes, perpetual contracts, and other products, are gaining traction, price fluctuations become more pronounced in the short term.\x94 U.S. futures dip Image: Getty Images U.S. stock futures traded flat to lower as of 11:20 a.m. in Hong Kong. Dow Jones Industrial Average futures inched down 0.01%, S&P 500 futures dipped 0.04%, and Nasdaq futures fell 0.12%. The three major U.S. indexes closed higher in the regular Monday session, shortened ahead of the July 4 public holiday when the market is closed. In Asia, mainland China\x92s Shanghai Composite Index closed 1.31% higher on Monday, despite the country\x92s softening manufacturing recovery . South Korea\x92s Kospi rose 1.49%, while Japan\x92s Nikkei led the gainers in the region with a 1.7% increase, according to CNBC on Monday. The U.S. manufacturing purchasing managers\x92 index (PMI) dropped to 46.0 in June, the lowest since May 2020, according to a Monday report by the Institute of Supply Management (ISM). A reading above 50 indicates an expansion in manufacturing and below 50 a contraction. \x93Companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return,\x94 wrote ISM Manufacturing Business Survey Committee Chair Timothy Fiore in the report. The June PMI is the eighth consecutive month of contraction and is lower than the projection of 47.0, raising concerns about a recession, according to Reuters on Tuesday. New York Federal Reserve President John Williams\x92 speaks on Wednesday and may provide an update on the Fed\x92s view of inflation. The Fed releases its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 89.9% chance for a 25-basis-point rate increase, up from 87.4% on Monday. The likelihood the Fed won\x92t increase is now at just 10.1%. (Updates with equities section.)', 'Bitcoin climbed above US$31,000 in Tuesday morning trading in Asia after Blackrockrefileda Bitcoin exchange-traded fund (ETF) application in the U.S. after the regulator criticised an earlier filing, suggesting the world’s biggest money manager is determined to take a lead in cryptocurrency markets. Ethereum also logged gains amid institutional interest, while other top 10 non-stablecoin cryptocurrencies traded mixed. Polygon led the winners and Litecoin the losers.\nBitcoin rose 1.83% over the last 24 hours to US$31,142 at 07:50 a.m. in Hong Kong, moving up 2.85% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,371 early Tuesday morning, the highest since June 2022.\nBlackRock submitted an amended application for a spot Bitcoin ETF on Monday, after the U.S. Securities and Exchange Commission (SEC)saidBlackRock’s original filing was inadequate. BlackRock indicated in the new filing that Coinbase, the custodian of the proposed ETF’s Bitcoin holdings, will provide market surveillance to support the ETF, according to aBloomberg reporton Tuesday.\nSeveralother financial institutionshave filed Bitcoin ETF applications despite a crackdown last month by the SEC, which filed lawsuits againstBinance.USandCoinbaselast month for allegedly violating securities laws in trading cryptocurrencies.\nIn emailed comments, Jeff Mei, chief operating officer of digital asset exchangeBTSE, said the SEC criticism of the application caused some selling last week, but “investors remain quietly optimistic about future approvals.”\nEther gained 1.18% to US$1,954.24, and added 5.23% for the week.\nBitcoin and Ether have both seen increased interest from financial institutions in the past week, according to a Mondayreportfrom European cryptocurrency investment firm CoinShares.\nBitcoin-linked digital asset investment products saw net inflows of around US$123 million in the week ending June 30, while Ethereum-linked products had net inflows of around US$2.7 million. Digital asset investment products have seen two weeks of net inflows since June 19, after logging 9 weeks of consecutive outflows.\nMost other top 10 non-stablecoin tokens traded higher in the past 24 hours, with Polygon’s Matic token spearheading the rally with a gain of 4.60% to US$0.7119. It’s up 10.18% for the week despite the U.K.-based fintech neobank and crypto exchangeRevolutplans to delist Polygon, Solana and Cardano tokens for its U.S. users in September, according to a report bythe Blockon Monday.\nLitecoin led the losers in a potential price correction, falling 5.83% to US$106.69. It still logged weekly gains of 22.47% driven higher by the token’s upcomingthird halving eventon August 2, which will make the token scarcer.\nLitecoin investors also received a boost after the token was selected to trade on the newly establishedEDX Markets exchange, which opened on June 20 and is backed by Wall Street heavyweights, including Citadel Securities, Fidelity Investments and Charles Schwab.\nThe total cryptocurrency market cap rose 1.28% to US$1.22 trillion in the last 24 hours, while crypto trading volume rose 26.34% to US$37.86 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the mainForkast 500 NFT indexfell 1.08% in the 24 hours to 09:40 a.m. in Hong Kong to 2,750, down 5.06% for the week. The two Forkast indexes measuring the performance ofEthereumandPolygonNFT markets logged moderate increases.\nNFT trading volume on Ethereum rose 18.72% in the past 24 hours to US$27.29 million, according toCryptoSlamdata, while Polygon’s volumes surged 121.63% to more than US$1.89 million. Trading volumes also rose on the Bitcoin, Solana and BNB Chain networks.\nBored Ape Yacht Club (BAYC), the second largest NFT collection by market cap, saw trading volume jump 52.56% to US$4.98 million, with Ethereum-based NFT collections Azuki and Mutant Ape Yacht Club (MAYC) ranking the second and the third.\n“A bit of a rebound today on the ETH side, which is in the green for the first time in days. Top collections like Bean, Azuki, and MAYC have had increases in their floor prices 7-20% and even BAYC has slowed its decline,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nHowever, the floor prices of some major NFT collections are still holding considerable losses for the past week, withBAYCfloor price falling over 20% in the past seven days andAzukisliding more than 50% over the same period, according to data from CoinGecko.\nAzuki Elementals are a collection of 20,000 NFTslaunchedon June 27 as a spin-off of the original Azuki collection. While the Elementals sold out within 15 minutes, collectors started to complain that the supposed new NFTs looked almost identical to the original Azuki collection.\nAzuki DAO, a community of dissatisfied Azuki holders, was formed last week and passed avoteon Monday to launch a lawsuit against Azuki creator Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should bereturned to the DAOto “promote the growth of the entire Azuki community.”\n“NFT platforms have experienced an increase in trading volume in recent days, while the prices of blue-chip NFTs have declined,”saidGracy Chen, managing director at digital asset trading platformBitget, in an emailed comment.\n“The NFT market is undergoing a major adjustment, but a decline does not necessarily indicate the decline of the entire industry,” said Chen. “As NFT derivatives, including lending, indexes, perpetual contracts, and other products, are gaining traction, price fluctuations become more pronounced in the short term.”\nU.S. stock futures traded flat to lower as of 11:20 a.m. in Hong Kong. Dow Jones Industrial Average futures inched down 0.01%, S&P 500 futures dipped 0.04%, and Nasdaq futures fell 0.12%. The three major U.S. indexes closed higher in the regular Monday session, shortened ahead of the July 4 public holiday when the market is closed.\nIn Asia, mainland China’s Shanghai Composite Index closed 1.31% higher on Monday, despite the country’ssoftening manufacturing recovery. South Korea’s Kospi rose 1.49%, while Japan’s Nikkei led the gainers in the region with a 1.7% increase, according toCNBCon Monday.\nThe U.S. manufacturing purchasing managers’ index (PMI) dropped to 46.0 in June, the lowest since May 2020, according to a Mondayreportby the Institute of Supply Management (ISM). A reading above 50 indicates an expansion in manufacturing and below 50 a contraction.\n“Companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return,” wrote ISM Manufacturing Business Survey Committee Chair Timothy Fiore in the report.\nThe June PMI is the eighth consecutive month of contraction and is lower than the projection of 47.0, raising concerns about a recession, according toReuterson Tuesday.\nNew York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed releases its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 89.9% chance for a 25-basis-point rate increase, up from 87.4% on Monday. The likelihood the Fed won’t increase is now at just 10.1%.\n(Updates with equities section.)', 'Bitcoin climbed above US$31,000 in Tuesday morning trading in Asia after Blackrockrefileda Bitcoin exchange-traded fund (ETF) application in the U.S. after the regulator criticised an earlier filing, suggesting the world’s biggest money manager is determined to take a lead in cryptocurrency markets. Ethereum also logged gains amid institutional interest, while other top 10 non-stablecoin cryptocurrencies traded mixed. Polygon led the winners and Litecoin the losers.\nBitcoin rose 1.83% over the last 24 hours to US$31,142 at 07:50 a.m. in Hong Kong, moving up 2.85% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,371 early Tuesday morning, the highest since June 2022.\nBlackRock submitted an amended application for a spot Bitcoin ETF on Monday, after the U.S. Securities and Exchange Commission (SEC)saidBlackRock’s original filing was inadequate. BlackRock indicated in the new filing that Coinbase, the custodian of the proposed ETF’s Bitcoin holdings, will provide market surveillance to support the ETF, according to aBloomberg reporton Tuesday.\nSeveralother financial institutionshave filed Bitcoin ETF applications despite a crackdown last month by the SEC, which filed lawsuits againstBinance.USandCoinbaselast month for allegedly violating securities laws in trading cryptocurrencies.\nIn emailed comments, Jeff Mei, chief operating officer of digital asset exchangeBTSE, said the SEC criticism of the application caused some selling last week, but “investors remain quietly optimistic about future approvals.”\nEther gained 1.18% to US$1,954.24, and added 5.23% for the week.\nBitcoin and Ether have both seen increased interest from financial institutions in the past week, according to a Mondayreportfrom European cryptocurrency investment firm CoinShares.\nBitcoin-linked digital asset investment products saw net inflows of around US$123 million in the week ending June 30, while Ethereum-linked products had net inflows of around US$2.7 million. Digital asset investment products have seen two weeks of net inflows since June 19, after logging 9 weeks of consecutive outflows.\nMost other top 10 non-stablecoin tokens traded higher in the past 24 hours, with Polygon’s Matic token spearheading the rally with a gain of 4.60% to US$0.7119. It’s up 10.18% for the week despite the U.K.-based fintech neobank and crypto exchangeRevolutplans to delist Polygon, Solana and Cardano tokens for its U.S. users in September, according to a report bythe Blockon Monday.\nLitecoin led the losers in a potential price correction, falling 5.83% to US$106.69. It still logged weekly gains of 22.47% driven higher by the token’s upcomingthird halving eventon August 2, which will make the token scarcer.\nLitecoin investors also received a boost after the token was selected to trade on the newly establishedEDX Markets exchange, which opened on June 20 and is backed by Wall Street heavyweights, including Citadel Securities, Fidelity Investments and Charles Schwab.\nThe total cryptocurrency market cap rose 1.28% to US$1.22 trillion in the last 24 hours, while crypto trading volume rose 26.34% to US$37.86 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the mainForkast 500 NFT indexfell 1.08% in the 24 hours to 09:40 a.m. in Hong Kong to 2,750, down 5.06% for the week. The two Forkast indexes measuring the performance ofEthereumandPolygonNFT markets logged moderate increases.\nNFT trading volume on Ethereum rose 18.72% in the past 24 hours to US$27.29 million, according toCryptoSlamdata, while Polygon’s volumes surged 121.63% to more than US$1.89 million. Trading volumes also rose on the Bitcoin, Solana and BNB Chain networks.\nBored Ape Yacht Club (BAYC), the second largest NFT collection by market cap, saw trading volume jump 52.56% to US$4.98 million, with Ethereum-based NFT collections Azuki and Mutant Ape Yacht Club (MAYC) ranking the second and the third.\n“A bit of a rebound today on the ETH side, which is in the green for the first time in days. Top collections like Bean, Azuki, and MAYC have had increases in their floor prices 7-20% and even BAYC has slowed its decline,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nHowever, the floor prices of some major NFT collections are still holding considerable losses for the past week, withBAYCfloor price falling over 20% in the past seven days andAzukisliding more than 50% over the same period, according to data from CoinGecko.\nAzuki Elementals are a collection of 20,000 NFTslaunchedon June 27 as a spin-off of the original Azuki collection. While the Elementals sold out within 15 minutes, collectors started to complain that the supposed new NFTs looked almost identical to the original Azuki collection.\nAzuki DAO, a community of dissatisfied Azuki holders, was formed last week and passed avoteon Monday to launch a lawsuit against Azuki creator Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should bereturned to the DAOto “promote the growth of the entire Azuki community.”\n“NFT platforms have experienced an increase in trading volume in recent days, while the prices of blue-chip NFTs have declined,”saidGracy Chen, managing director at digital asset trading platformBitget, in an emailed comment.\n“The NFT market is undergoing a major adjustment, but a decline does not necessarily indicate the decline of the entire industry,” said Chen. “As NFT derivatives, including lending, indexes, perpetual contracts, and other products, are gaining traction, price fluctuations become more pronounced in the short term.”\nU.S. stock futures traded flat to lower as of 11:20 a.m. in Hong Kong. Dow Jones Industrial Average futures inched down 0.01%, S&P 500 futures dipped 0.04%, and Nasdaq futures fell 0.12%. The three major U.S. indexes closed higher in the regular Monday session, shortened ahead of the July 4 public holiday when the market is closed.\nIn Asia, mainland China’s Shanghai Composite Index closed 1.31% higher on Monday, despite the country’ssoftening manufacturing recovery. South Korea’s Kospi rose 1.49%, while Japan’s Nikkei led the gainers in the region with a 1.7% increase, according toCNBCon Monday.\nThe U.S. manufacturing purchasing managers’ index (PMI) dropped to 46.0 in June, the lowest since May 2020, according to a Mondayreportby the Institute of Supply Management (ISM). A reading above 50 indicates an expansion in manufacturing and below 50 a contraction.\n“Companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return,” wrote ISM Manufacturing Business Survey Committee Chair Timothy Fiore in the report.\nThe June PMI is the eighth consecutive month of contraction and is lower than the projection of 47.0, raising concerns about a recession, according toReuterson Tuesday.\nNew York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed releases its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. TheCME FedWatch Toolpredicts a 89.9% chance for a 25-basis-point rate increase, up from 87.4% on Monday. The likelihood the Fed won’t increase is now at just 10.1%.\n(Updates with equities section.)', 'Good morning. Here’s what’s happening: Prices: The market is optimistic that re-filed bitcoin ETF applications have legs. Insights: Crypto majors are up in a big way during the first half of 2023 as the market repairs the damage from last year\'s catastrophes. Prices CoinDesk Market Index (CMI) 1,318.38 +18.2 ▲ 1.4% Bitcoin (BTC) $31,153 +508.5 ▲ 1.7% Ethereum (ETH) $1,955 +15.3 ▲ 0.8% S&P 500 daily close 4,455.59 +5.2 ▲ 0.1% Gold $1,930 +20.3 ▲ 1.1% Treasury Yield 10 Years 3.86% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,318.38 +18.2 ▲ 1.4% Bitcoin (BTC) $31,153 +508.5 ▲ 1.7% Ethereum (ETH) $1,955 +15.3 ▲ 0.8% S&P 500 daily close 4,455.59 +5.2 ▲ 0.1% Gold $1,930 +20.3 ▲ 1.1% Treasury Yield 10 Years 3.86% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Crosses $31K After Bitcoin ETF Issuers Begin Refiling Happy Fourth of July. While many parts of the U.S. are off for an extended long weekend, market action has been tame. Bitcoin began the Tuesday business day in Asia past the $31,000 mark at $31,153 as the world’s largest digital asset rallied on Monday after a few prospective bitcoin ETF issuers re-filed their applications. “Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CoinDesk in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry\'s $1.2 trillion market cap, the most dominant it\'s been in over two years.” The CoinDesk Market Index (CMI) is up 18 points to 1,318. Meanwhile, prices of NFTs seem to be becoming disconnected from the price of ether as trading volume plummets . The Bored Ape Yacht Club\'s NFT collection hit a new low since October 2021 with a floor price dropping below 30 ETH ($58,700), an effective halving since April, reflecting a broader slump in the NFT market. But considering ether’s continued performance, there seems to be more confidence in the protocol than this use case. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +4.8% Smart Contract Platform Cosmos ATOM +3.7% Smart Contract Platform Terra LUNA +3.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polkadot DOT −1.4% Smart Contract Platform Stellar XLM −1.3% Smart Contract Platform Solana SOL −1.0% Smart Contract Platform Insights Last year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX. Data from Messari shows that 2023 has fared much better. During the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year. (Messari) So far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022. But of all the major assets, Bitcoin Cash (BCH) performed the best, up a whopping 203% so far this year. As CoinDesk has previously reported , technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class. Other stand-out performers for the period include liquid staking platform Lido DAO (LDO), which rallied in February on comments from U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’s about a staking ban and then on the shuttering of Kraken’s staking service . Solana is also up 93% during the first half of the year, raising prospects for the layer-1 protocol, whose total value soared at the height of the 2021 bull market but then plummeted with the rest of crypto during 2022’s dark days. Important events. U.S. July 4 Independence Day Holiday 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Reserve Bank of Australia interest rate decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Brett Harrison on Spot Bitcoin ETF Race; Crypto Market Outlook for July Architect CEO and former FTX US president Brett Harrison joined "First Mover" to discuss the recent flurry of spot bitcoin ETF applications in the U.S. and his outlook on the intersection of artificial intelligence with financial services. Plus, Coinbase Institutional head of research David Duong shared his crypto markets outlook for July. And, Superstate CEO Robert Leshner discussed plans to create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool. Headlines Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of \'Karma\': The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says "karma" motivates the founders to give back. BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner: Refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn\'t specify the name of the underlying market in so-called surveillance-sharing agreements. How Central Bankers Are Reshaping the Definition of Money: Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control. Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low: The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.', 'Good morning. Here’s what’s happening:\nPrices:The market is optimistic that re-filed bitcoin ETF applications have legs.\nInsights:Crypto majors are up in a big way during the first half of 2023 as the market repairs the damage from last year\'s catastrophes.\nCoinDesk Market Index (CMI)\n1,318.38\n+18.2▲1.4%\nBitcoin (BTC)\n$31,153\n+508.5▲1.7%\nEthereum (ETH)\n$1,955\n+15.3▲0.8%\nS&P 500 daily close\n4,455.59\n+5.2▲0.1%\nGold\n$1,930\n+20.3▲1.1%\nTreasury Yield 10 Years\n3.86%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,318.38", "+18.2\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$31,153", "+508.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,955", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,930", "+20.3\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.86%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin Crosses $31K After Bitcoin ETF Issuers Begin Refiling\nHappy Fourth of July.\nWhile many parts of the U.S. are off for an extended long weekend, market action has been tame.\nBitcoin began the Tuesday business day in Asia past the $31,000 mark at $31,153 as theworld’s largest digital asset rallied on Mondayafter a few prospective bitcoin ETF issuers re-filed their applications.\n“Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CoinDesk in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry\'s $1.2 trillion market cap, the most dominant it\'s been in over two years.”\nTheCoinDesk Market Index(CMI) is up 18 points to 1,318.\nMeanwhile, prices of NFTs seem to be becoming disconnected from the price of ether astrading volume plummets.\nThe Bored Ape Yacht Club\'s NFT collectionhit a new lowsince October 2021 with a floor price dropping below 30 ETH ($58,700), an effective halving since April, reflecting a broader slump in the NFT market. But considering ether’s continued performance, there seems to be more confidence in the protocol than this use case.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}]\nLast year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX.\nData from Messari shows that 2023 has fared much better.\nDuring the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year.\nSo far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022.\nBut of all the major assets, Bitcoin Cash (BCH) performed the best, up a whopping 203% so far this year.As CoinDesk has previously reported, technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class.\nOther stand-out performers for the period include liquid staking platform Lido DAO (LDO), which rallied in February on comments from U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’sabout a staking banand then on theshuttering of Kraken’s staking service.\nSolana is also up 93% during the first half of the year, raising prospects for the layer-1 protocol, whose total value soared at the height of the 2021 bull market but then plummeted with the rest of crypto during 2022’s dark days.\nU.S. July 4 Independence Day Holiday\n12:30 p.m. HKT/SGT(4:30 a.m. UTC):Reserve Bank of Australia interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBrett Harrison on Spot Bitcoin ETF Race; Crypto Market Outlook for July\nArchitect CEO and former FTX US president Brett Harrison joined "First Mover" to discuss the recent flurry of spot bitcoin ETF applications in the U.S. and his outlook on the intersection of artificial intelligence with financial services. Plus, Coinbase Institutional head of research David Duong shared his crypto markets outlook for July. And, Superstate CEO Robert Leshner discussed plans to create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool.\nThree Arrows Founders to Donate Future Earnings to Creditors in Spirit of \'Karma\':The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says "karma" motivates the founders to give back.\nBlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner:Refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn\'t specify the name of the underlying market in so-called surveillance-sharing agreements.\nHow Central Bankers Are Reshaping the Definition of Money:Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control.\nBored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low:The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.', 'Good morning. Here’s what’s happening:\nPrices:The market is optimistic that re-filed bitcoin ETF applications have legs.\nInsights:Crypto majors are up in a big way during the first half of 2023 as the market repairs the damage from last year\'s catastrophes.\nCoinDesk Market Index (CMI)\n1,318.38\n+18.2▲1.4%\nBitcoin (BTC)\n$31,153\n+508.5▲1.7%\nEthereum (ETH)\n$1,955\n+15.3▲0.8%\nS&P 500 daily close\n4,455.59\n+5.2▲0.1%\nGold\n$1,930\n+20.3▲1.1%\nTreasury Yield 10 Years\n3.86%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,318.38", "+18.2\\u25b21.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$31,153", "+508.5\\u25b21.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,955", "+15.3\\u25b20.8%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,930", "+20.3\\u25b21.1%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["3.86%", "\\u25b20.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin Crosses $31K After Bitcoin ETF Issuers Begin Refiling\nHappy Fourth of July.\nWhile many parts of the U.S. are off for an extended long weekend, market action has been tame.\nBitcoin began the Tuesday business day in Asia past the $31,000 mark at $31,153 as theworld’s largest digital asset rallied on Mondayafter a few prospective bitcoin ETF issuers re-filed their applications.\n“Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CoinDesk in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry\'s $1.2 trillion market cap, the most dominant it\'s been in over two years.”\nTheCoinDesk Market Index(CMI) is up 18 points to 1,318.\nMeanwhile, prices of NFTs seem to be becoming disconnected from the price of ether astrading volume plummets.\nThe Bored Ape Yacht Club\'s NFT collectionhit a new lowsince October 2021 with a floor price dropping below 30 ETH ($58,700), an effective halving since April, reflecting a broader slump in the NFT market. But considering ether’s continued performance, there seems to be more confidence in the protocol than this use case.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22121.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.0%", "DACS Sector": "Smart Contract Platform"}]\nLast year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX.\nData from Messari shows that 2023 has fared much better.\nDuring the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year.\nSo far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022.\nBut of all the major assets, Bitcoin Cash (BCH) performed the best, up a whopping 203% so far this year.As CoinDesk has previously reported, technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class.\nOther stand-out performers for the period include liquid staking platform Lido DAO (LDO), which rallied in February on comments from U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’sabout a staking banand then on theshuttering of Kraken’s staking service.\nSolana is also up 93% during the first half of the year, raising prospects for the layer-1 protocol, whose total value soared at the height of the 2021 bull market but then plummeted with the rest of crypto during 2022’s dark days.\nU.S. July 4 Independence Day Holiday\n12:30 p.m. HKT/SGT(4:30 a.m. UTC):Reserve Bank of Australia interest rate decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBrett Harrison on Spot Bitcoin ETF Race; Crypto Market Outlook for July\nArchitect CEO and former FTX US president Brett Harrison joined "First Mover" to discuss the recent flurry of spot bitcoin ETF applications in the U.S. and his outlook on the intersection of artificial intelligence with financial services. Plus, Coinbase Institutional head of research David Duong shared his crypto markets outlook for July. And, Superstate CEO Robert Leshner discussed plans to create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool.\nThree Arrows Founders to Donate Future Earnings to Creditors in Spirit of \'Karma\':The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says "karma" motivates the founders to give back.\nBlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner:Refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn\'t specify the name of the underlying market in so-called surveillance-sharing agreements.\nHow Central Bankers Are Reshaping the Definition of Money:Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control.\nBored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low:The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.', "Encryptus is thrilled to unveil the expansion of its fiat support for major crypto assets in the EU zone Hanoi, Vietnam --News Direct-- Prodigy Press Wire Encryptus is thrilled to unveil the expansion of its fiat support for major crypto assets in the EU zone. This significant development aims to simplify the process of buying and selling cryptocurrencies for European users, granting users seamless access to Bitcoin (BTC), USDT, USDC and GBPT against EUR and GBP in addition to US Dollars. This significant development expands Encryptus' capabilities and enables the provision of a wider range of crypto-asset off-ramp and on-ramp services to institutions, including institutional investors, sovereign wealth funds, venture capitalists, asset management companies, fund managers, and high-net-worth individuals in most European countries. Encryptus was granted the VASP authorisation in July 2022 and was additionally added to the Lithuanian Crypto Operators register in Feb 2023. The firm is authorized to operate as a \x93Cryptocurrency Exchange Operator\x94 and \x93Cryptocurrency Wallet Operator\x94 in Lithuania; an European Union member country. Encryptus envisions an exciting future where users across Europe can effortlessly engage in converting major crypto assets to and from fiat, while also benefiting from the introduction of additional stable coins like GBPT to further enhance the offering. Token to token trading is not supported and only major crypto assets are supported. Buying and Selling Now Easier for European Users Encryptus offers a full proof eco-system that is well integrated with TRM Labs for Wallet and Coin Monitoring, KYC (Know Your Customer) and KYB (Know Your Business) onboarding online and self-custody with FireBlocks. The user experience is seamless because both Institutions and HNWIs can be fully onboarded by using a fully automated onboarding solution. In addition the ecosystem offers only clean crypto currencies when buying and selling. The users must bring their own wallets when buying crypto assets against fiat. Prior to buying, whitelisting as a service is offered on the platform. This is a unique service and not really available on any major platforms. Story continues The Encryptus services are also available to partners that allows them to consume the liquidity and technology via ready APIs. Businesses and Traditional companies can also launch their own OTC desk by fulfilling all the necessary KYB, Enhanced Due Diligence (EDD) As part of this cooperative effort, Encryptus has been actively developing local banking relationships and fostering local talent. According to Shantnoo Saxsena, the founder of Encryptus, \x93Our aim is to facilitate the adoption of cryptocurrencies among institutions while adhering to compliance and transparency. Encryptus is for users who wants access to clean coins and verified funds. The company is built with with 3 core fundamentals i.e. Compliances, Technology and Sharing infrastructures \x94 Looking ahead, Encryptus also aims to bolster its competitive advantage in the banking sector, particularly in comparison to other jurisdic Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $602,565,338,325 - Hash Rate: 357504393.99162006 - Transaction Count: 378556.0 - Unique Addresses: 645583.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Dash, a blockchain powering the namesake privacy-focused coin, stopped processing transactions and producing new blocks early Monday morning, according to Samuel Westrich, CTO of Dash Core Group. “There was a problem during v19 activation of Dash Core," Westrich tweeted around 5 a.m. UTC (1 a.m. EST). "The chain is stalled and currently not producing blocks," he added. "We have everyone investigating the issue." Several hours later, Dash Core developer Pasta tweeted that the devs had identified issues and were working on a fix. “There are two options we are investigating, and everyone is focused on promptly resolving this issue,” Pasta wrote, adding that the planned release of the latest Dash Core client update, v19, might be delayed to resolve the issues first. According to Pasta blocks and transactions on the Dash blockchain will not be considered final until an update is deployed. Exceptions will be made for two sorts of transactions specific for Dash: ChainLocked and InstantSend locked transactions. One Dash Discord member – citing a call with the developers – said the update might be delayed until June 14. For the last 10 hours, there have been no fresh updates from the developers team and Westrich has not returned CoinDesk’s request for comment by press time. Following the news, crypto exchange Binance announced that its own mining pool for DASH will suspend the distribution of mining rewards until the blockchain resumes block production. A user on the DashPay Reddit page suggested that the planned v19 update did not go smoothly. The developers launched a hard fork, which introduced a new type of nodes, and these new nodes created a mess, so the blockchain split into two chains running in parallel. “The chain appears to have bifurcated now with some nodes running forward past the fork block 1874880 and others still stuck on 1874879,” user xkcdmpx wrote . “It seems about 10-20% of the network is able to move forward, however, we do not have confirmation if this is the 'correct' chain." Story continues Some later posts in the thread had been since deleted and users complained about excessive subreddit moderation on the official Dash forum . Update in the air The update for Dash network clients was announced on April 14 and included significant modifications on how the nodes and wallets function. The update requires a hard fork – an irreversible change in the protocol rules that needs to be adapted by the absolute majority of nodes – otherwise the blockchain will split into two parallel versions of transaction history. After the v19 activation, a new version of Dash masternodes will be introduced, with higher collateral requirements and more authority on the blockchain, according to the Dash Core official website . Masternodes host full copies of the blockchain and support some complex functions of Dash. They need to post a collateral to operate, receive rewards for supporting the network and also can vote to support new projects for Dash. The update will bring a number of other changes for nodes, wallets, Dash anonymity features and other aspects of the blockchain’s operation, including copying some of the features of the Bitcoin blockchain. One of the new features will be that transactions that appear “stuck” in the queue to be processed will be re-sent sooner that they are now, after one hour, instead of the current more than 24-hour delay. At the same time, Dash Core has been working on the Dash Platform v0.24 update on testnet to bring some high-level updates to how the blockchain works. Dash was launched in 2014, more than a year later than Ethereum, but hasn’t been enjoying massive popularity, currently with a market cap of $493 million, 85th in size on CoinMarketCap .... - Reddit Posts (Sample): [['u/corey407woc', 'How much Bitcoin do you need to be in the 1% of Bitcoin holders??', 13, '2023-07-04 00:06', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/', 'We always see 0.28 thrown around to be 1% of global population, was curious for people who already own btc, what is the number of BTC a person needs to be considered 1% of all current holders? 1? 2.1? 3?', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/', '14pwgot', [['u/The-real-W9GFO', 10, '2023-07-04 00:20', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqk8zlt/', 'That would be owning 1% of all bitcoin, not the same as being in the top 1% of people holding bitcoin.', '14pwgot'], ['u/HaveRewengey', 11, '2023-07-04 00:34', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqkatsd/', "It's not that number, as the distribution impacts the percentage...it's not just simple division.\n\nThe best guesses based on on-chain analysis is anywhere from 3-4 BTC to be in the top 1% of all BTC holders.", '14pwgot'], ['u/Astewen', 17, '2023-07-04 01:03', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqkeka9/', 'The most recent number I heard was 3.4 BTC puts you in the top 1%', '14pwgot'], ['u/a4ther', 27, '2023-07-04 04:38', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jql46wz/', '210,000 will put you in the 1% for sure', '14pwgot'], ['u/yubacore', 11, '2023-07-04 08:09', 'https://www.reddit.com/r/Bitcoin/comments/14pwgot/how_much_bitcoin_do_you_need_to_be_in_the_1_of/jqlorv4/', 'So … about three fiddy?', '14pwgot']]], ['u/ReallyBoredMan', 'Just passed 1 Million Net Worth!', 110, '2023-07-04 00:34', 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/', "There have been a lot of these lately. I guess that happens with the recent upturn in the market. We hit this milestone the last week of June.\n\nIt's been a journey getting to this point as last year we stayed basically the same, and there have been a lot of fluctuations this year. Both my wife and I both started around 40K per year, and now we both make about 120K+ after accounting for bonuses (total income is right around 250K). We have been working for about 10 years each. I have been with the same employer, and my wife has been with 4 different employers.\r \n\r \nOur FIRE number is $100K at 3% SWR= 3,333,333. Our FIRE assets are 739,500, so we are 22.19% way there. Every year we will be adding at least (22,500 \\[401(k)\\] + 6,000 \\[Roth IRA\\]) x 2 because we are both working + 42,000 \\[brokerage\\] + 8,300 \\[HSA\\] doing family HSA next year = 107,300. So, over the 12 years we are looking to FIRE, we are contributing an additional 1,287,600 to the principal. With growth from the current principle and future contributions, we should be able to our FIRE number by our estimated date in about 12-13 years.\n\nBelow is my breakdown of assets, budget, and history of how we go there (I don't have all my wife's work history)\n\n \n\\-----------------------------------------------------------------------------------------------------------------------------------------------------\n\n\r \nBreakdown of assets:\r \n\r \nLiquid Assets (32K) \\[2% of assets\\]:\r \nChecking: 18.5K\r \nSavings: 8K\r \nOnline savings account (used as a personal escrow account for Home + Auto insurance and Property Taxes) 8K (less 2.5K for taxes due this month = 5.5K)\r \n\r \nNon-Retirement Assets (penalty-free investments) (221.5K) \\[19.76% of assets\\]:\r \nCompany Stock 32K - still at a good valuation and does pay a good dividend. We will continue to hold, but I will likely look to divest closer to our FIRE date\r \nBrokerage: 169K\r \nIndividual stocks: 9.5K - I no longer invest in single stocks. I am just holding\r \nCrypto: 1K - Only have 1K in Bitcoin in it just to follow what is going on, I bought in 1K at 33K.\r \n\r \nRetirement Assets (518K) \\[46.23% of assets\\]:\r \nMy 401(k): 220K\r \nWife 401(k): 186K\r \nMy Roth IRA: 64K\r \nWife Roth IRA: 46K\r \nHSA: 2K - This is the 1st year we are doing it. Currently just in my name, testing out.\r \n\r \nLong-Term Future Expenses \\[1.43% of assets\\]:\r \n529 for Child’s College (child is 2 years old): 16K\r \n\r \nFixed Assets (333K) \\[29.71% of assets\\]:\r \nHouse: 292K - bought for 162K in 2015\r \nWife’s car: 27K (only 20K miles on 2018 SUV)\r \nMy Car: 14K (75K miles on 2016 sedan)\r \n\r \nTotal Assets: 1,120,500\r \n\r \nBreakdown of Liabilities \r \n\r \nCurrent Liabilities\r \nTotal of credit cards: 3.5K - Paid off monthly\r \nLong-Term Liabilities:\r \nMortgage 106K - 1.999% interest rate on a 15-year mortgage (12 years remaining)\r \n\r \nTotal Liabilities: 109.5K\r \n\r \n\r \nNet worth: 1,011,000\r \n\r\n\n\\-----------------------------------------------------------------------------------------------------------------------------------------------------\n\n\r \nBelow is a breakdown of my budget. This is done post-deductions (does not include 401K or HSA), also, we do lump sum investing for IRA at the beginning of the year with year end-bonus.\r \n\r \nBreakdown of monthly Budget:\r \n\r \nIncome:\r \nBoth jobs combined salary only: 10,076\r \n\r \nBudgeted Expenses (9,904)\r \n\r \nInvesting After-Tax (Total 4,000):\r \nBrokerage investing: 3,500\r \n529 Investing: 500\r \nFixed Expenses (Total 2,514):\r \nDaycare 1,409\r \nMortgage: 805\r \nPhone: 126 - Includes a Financed phone\r \nInternet 73\r \nYoutube TV 73\r \nNetflix + HBO: 28\r \nPlanned short-term expenses (Total 440):\r \nHome + Auto Insurance + Home Taxes: 440\r \nVariable Expenses (planned) (Total 2,200):\r \nRestaurants: 1,000 (Spent 947 last month)\r \nGroceries: 700 (Spent 619 last month)\r \nGas & Fuel: 150 (Spent 92 last month)\r \nDog food + grooming: 150 (Spent 178 last month)\r \nUtilities: Gas, Electric, Water/Sewer: 200 (Spent 179 last month)\r \nMisc (750 total)\r \nThings too small or random for budget: 750 (Spent 802 Last month, but includes Hotel for vacation (flight was previously booked))\r \n\r \nThe leftover is 172. We did have apparently a water leak. the water bill decreased from 500 to 150 (paid quarterly). Repair paid for itself on the next bill we received.\r \n\r \nMisc also includes my wife’s 2 credit cards, which are mainly Target for kid's stuff (clothes, diapers, shoes, etc), coffee, or anything else she wants like plants and soil.\r \n\r \n\\-----------------------------------------------------------------------------------------------------------------------------------------------------\n\n2014: \r \n* Q1 Started a job out of college making ~40K a year (hourly) as a mortgage underwriter. \r \nStarted contributing to 401K at 10%, and over the year, it increased to 15%\r \n\r \n2015:\r \n* Q1 Received a 5% increase, and I bought my 1st and current house when I had no debt (only credit cards that I pay off monthly). The mortgage was only in my name even though my wife (girlfriend at the time) was going to live with me 30-year mortgage, 4.25% interest rate, and 5% down. \r \n* Q4 I received a promotion to a salary of 55K a year (about a 27% increase in pay)\r \n\r \n2016: \r \n* Q2 I received a promotion to 72K a year (about a 30% increase in pay). \r \n* Q2 My car needed a new engine, therefore I had to get a new car. Got a 2016 Mazda6 for \\~25K at a 0% interest rate\r \n* Q3 Received a 4% mid-year increase due to increased responsibilities (not a promotion)\r \n* Q4 Wife paid off the last of her student loans\r \n\r \n2017: \r \n* Q1 Received a 3% increase. \r \n* Q2 Switched from a bank to a Credit Union - The credit union generates 3% interest on the checking account and still does\r \nI contributed 13.8K to 401K (did not max out, which would have been 18K)\r \nMy wife contributed 3.7K\r \n\r \n2018:\r \n* Q1 Received a 3% increase. \r \n* Q2 Got married \r \n* Q2 Wife traded in a car to a 2018 Subaru Forester on a 4-year loan at 0% interest ~30K\r \nI contributed 15.5K to 401K (did not max out, which would have been 18K)\r \nMy wife contributed $6K to 401K\r \n\r \n2019: \r \n* Q1 Received a 3% increase. \r \n* Q2 Read “The Millionaire Next Door” and got into the FIRE movement\r \n* Q3 Refinanced the mortgage into a 20-year at 3.5% (payment decreased) and removed escrow from the mortgage payment. \r \nBoth my wife and I maxed out 401Ks and IRAs (19K + 6K)x2 \r \n\r \n2020: \r \n* Q1 Received a 3% increase. \r \n* Q3 Received a 29%+ raise (not promotion) to 109K due to salary increases in the industry. \r \n* Q3 Refinanced the mortgage into a 15-year at 1.999% interest rate (payment only increased by $20 per month. \r \n* Q4 Had our 1st child. \r \nBoth my wife and I maxed out 401Ks and IRAs (19.5K + 6K)x2 \r \n\r\r\r \n2021: $475K Net Worth (before moving over Robo-Investing funds) \\~100K extra for Robo.\r \n* Q1 Received a 10% salary increase to $\u200e120K due to the company hitting company goals. \r \n* Q2 The baby started daycare starting (which costs more than the cost of our mortgage)\r \n* Q2 I paid off my Mazda6 loan in full ( I did not pay extra since it was a 0% loan)\r \nBoth my wife and I maxed out 401Ks and IRAs (19.5K + 6K)x2 \r \nCompleted an in-depth review of every dollar received and will do this every year going forward.\r \n\r\r \n2022: $706K Net Worth\r \n* Q1 Received a slight 2.2% increase. Currently making 123K. \r \nUsing Dependent Care FSA - $5,000.\r \nMaxing out 401k, and we already maxed out IRA\r \n* Q3 Wife’s Subaru Forster paid in full. Had a 4-day vacation up north, and we got COVID :( after not getting it during the peak \r \n* Q3 Received discretionary RSU grant worth approximately $20,000 that will vest over 3 years.\r \n\r \n2023:\r \n* Q1: Wife received a large pay increase to 105K!\r \n* Q2 Hit 1 Million Net Worth", 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/', '14px5oy', [['u/uuddlrlrBAselectstrt', 12, '2023-07-04 01:08', 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/jqkf5pu/', 'I like your quarterly breakdown. Congrats', '14px5oy'], ['u/ReallyBoredMan', 13, '2023-07-04 01:32', 'https://www.reddit.com/r/Fire/comments/14px5oy/just_passed_1_million_net_worth/jqki6bz/', 'Extra travel, Taxes, and Healthcare + extra insurance to not go back to work. We really want to travel a lot.', '14px5oy']]], ['u/Hectorhairyhands', 'Is this the start of the next bull run?', 88, '2023-07-04 02:10', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/', 'I’ve known about Bitcoin since 2020, started dabbling in it when the pandemic hit. \n\nI originally got in at 45k and had a bit of a love hate relationship with it as I felt it wasn’t the moonshot I was looking for at the time.\n\nNow I’ve been around the block for a few years and finally understand how it works and why it’s the currency of the future.\n\nWith the halving coming up next year and the sheer amount of institutional money about to flow in, I can’t help but think that this is the start of the biggest bull run that we’ve seen so far.\n\nCountries are adopting Bitcoin, massive money managers are trying to get in and we all know how the halving effects the price without these major catalysts.\n\nAll this coming together makes me feel like we won’t be seeing prices like this ever again.\n\nSo what do you think? Are we actually in the first faces of the next bull run?', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/', '14pzex6', [['u/Random_Walk87', 20, '2023-07-04 02:41', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqkqo40/', "I wouldn't say this will be a bigger bull run than that of bitcoin's early years, but I suspect it'll be bigger than the last one by a percentage basis. Just be prepared bitcoin has massive drops even during bull markets", '14pzex6'], ['u/untouch10', 12, '2023-07-04 02:58', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqksm4o/', 'Its a bit too early', '14pzex6'], ['u/llllllllllllllll12', 31, '2023-07-04 03:06', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqkto8c/', 'I think it is. I agree with your points here.', '14pzex6'], ['u/Bitter_Somewhere7052', 23, '2023-07-04 03:18', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqkv094/', 'There is a lot of institutional interest compared to previous years. I suspect this is the beginning. However both ups and downs ahead. Go long. Nfa', '14pzex6'], ['u/Hectorhairyhands', 15, '2023-07-04 05:28', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jql9mw3/', 'It’s funny, I found out about self custody before I found out about cefi so I’ve never had to worry about that. Been my own bank since the beginning 😎', '14pzex6'], ['u/BigTimeButNotReally', 18, '2023-07-04 05:33', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqla7fi/', 'I think THAT is why the big institutions are jumping in. They believe it will go up and want in.\n\nIt will be a sort of self fulfilling prophecy', '14pzex6'], ['u/hughlanko', 23, '2023-07-04 07:56', 'https://www.reddit.com/r/Bitcoin/comments/14pzex6/is_this_the_start_of_the_next_bull_run/jqlnqmi/', 'That’s a rickroll, isn’t it?', '14pzex6']]], ['u/killerkambri', 'I CRACKED THE CODE BTCHES!! Amelia/Zeph Theory', 670, '2023-07-04 02:28', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/', 'I am like 99.9% sure Amelia lied to MC about the story behind Zeph kissing/being in love with her. I’ve spent wayyyy too much time thinking about it & I’ve realized it literally just doesn’t make sense or add up in any way. \n\nAmelia’s story: Zeph came to MC’s job looking for MC after she’d already left. Instead of calling MC or going to her house, Zeph randomly decided to take Amelia to dinner instead (why??). At dinner, he confesses his feelings to Amelia and kisses her. After the kiss, they don’t discuss anything & Zeph leaves for his tour, leaving behind both MC and Amelia (the person he JUST confessed his love to?? Makes no sense).\n\nEvidence against Amelia: \n1. We know she had a crush on Zeph thanks to her dodgy answer to Ivy’s “have you and your twin ever liked the same person” question during truth or dare. \n\n2. We know Amelia has either tried to or succeeded in kissing MC’s romantic interests at least 4 times (the cheek kiss with OG LI, the secret kiss with Roberto or OG LI, the kiss that almost happened with OG LI in MCs bed, and the kiss with Zeph).\n\n3. We know Amelia & MC have a history of pretending to be each other.\n\n4. We know Zeph told Ozzy he left a girl (MC) behind & regrets never giving her closure. \n\n5. (Edited to add additional evidence bc I just replayed ep. 18) We know it’s unlikely that Zeph had been harboring secret feelings for Amelia like she claimed because she told MC that Zeph invited her to dinner to “get to know her better”. How could he love her if, in her own words, he doesn’t even know her that well? \n\nMy Theory: Amelia always had a crush on Zeph, so when he showed up looking for MC, she pretended to be MC & went out to dinner with him (this explains why Zeph didn’t try calling MC when he couldn’t find her). I think Zeph was going to ask MC to be his official girlfriend and go on tour with him (which is why he was looking for MC in the first place). Zeph confessed his love to Amelia thinking she was MC, and didn’t realize until after he kissed her that she wasn’t. Once he realized he kissed the wrong twin, he was so embarrassed and ashamed that he left for his tour without explaining any of it to MC. Amelia never heard from him again because he never loved her in the first place. He then confides in Ozzy that he regrets how he left things & wishes he could make things right, which is why he goes on Love Island to win MC back.\n\nBOOM. I cracked the code. Amelia is a dirty little snake & Zeph will confirm what actually happened when he gets to the villa. Either my theory is correct or the FB writers left a TON of inconsistencies & plot holes in the Zeph storyline, because this is the only possible way it makes any sense. What do y’all think?? Am I way off or is it clicking for y’all the way it clicked for me?', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/', '14pzssn', [['u/Ilovedilfs16', 246, '2023-07-04 02:42', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkqsgg/', 'Omg yessss u literally explained it perfectly 👀\n\n![gif](giphy\|3oKIP8kNuTJJL3zT0I)', '14pzssn'], ['u/killerkambri', 41, '2023-07-04 02:49', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkrmlp/', 'Right??? I knew I was on to something 😏', '14pzssn'], ['u/Tocaboca1', 83, '2023-07-04 02:55', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqksa3v/', 'This makes perfect sense and would make Amelia even more of a snake than she is already', '14pzssn'], ['u/jaykelm', 187, '2023-07-04 02:59', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqksr6n/', "There's one more thing that I think plays a part in it. In one of the challenges it's revealed that Amelia once ghosted someone by leaving the country. I think her little ruse with Zeph lasted longer than just that one night and shit really hit the fan when he found out.", '14pzssn'], ['u/killerkambri', 57, '2023-07-04 03:02', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkt2uv/', 'I genuinely believe Amelia might be the big villain of the season! I didn’t want it to happen that way bc I really wanted to have a cute twin relationship with her, but FB has just been giving us hints & crumbs here and there to let us know she’s not as truthful or loyal to MC as she claims.', '14pzssn'], ['u/killerkambri', 122, '2023-07-04 03:05', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqktfxa/', 'Not to mention when MC and Amelia were reminiscing about skipping prom together, Amelia said “there’s actually something I never told you about that night” and she never elaborates. Zeph prob wanted to take us to prom but she did something to prevent it from happening. \n\nWhat other evil shit has she done & never told us about???', '14pzssn'], ['u/ahhhelpmeplsihateit', 193, '2023-07-04 03:27', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkw0rx/', 'Amelia being the secret villain of the season would be a gag', '14pzssn'], ['u/kailemergency', 67, '2023-07-04 03:29', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkwa1o/', 'From the moment she showed up, I’ve only seen her as\n\n![gif](giphy\|2lbhL8dSGMh8I)', '14pzssn'], ['u/Okay_Screensaver', 112, '2023-07-04 03:41', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkxo3f/', 'I agree with you but I think it definitely lasted longer than one night, I think that they had sex and Zeph found out after that, which is why Amelia had to fuckin flee the country when he found out. Shit definitely ain’t adding up and I’m salty because I wanted so badly to like Amelia and have it be us against the world, but atp I’m ready to dump her ass', '14pzssn'], ['u/killerkambri', 65, '2023-07-04 03:42', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkxux2/', 'Yes! All I know for sure is that Amelia deceived Zeph and lied to MC about it. Whether she took it further, idk. It’s very likely she did, but what I DO know is that Zeph WAS NOT IN LOVE W HER ASS. She’s fucking delulu lmao', '14pzssn'], ['u/MangoSunX', 83, '2023-07-04 03:45', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqky6fd/', "To me it comes across that she feels she's lived in MC's shadow her whole life so she goes after MC's guys not because she likes them but because she just wants what MC has.", '14pzssn'], ['u/MouCuh', 53, '2023-07-04 03:45', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqky6x6/', '\n\n![gif](giphy\|CqVk4VTS35iZUujvBk)', '14pzssn'], ['u/killerkambri', 168, '2023-07-04 03:52', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkyz6o/', 'I’m already prepared for the whole “I was sick of always living in your shadow, MC!!!” speech she’s gonna give once her ass is exposed once and for all. A whole ass evil villain lmao', '14pzssn'], ['u/loubegasmambonumber5', 52, '2023-07-04 04:01', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqkzzn8/', 'along with this - I can see Amelia trying to take the limelight from MC when the finale comes around. Like jumping on stage if our MC happens to be the winner of the season.', '14pzssn'], ['u/kflem0628', 11, '2023-07-04 04:05', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql0g9u/', 'I too have felt everything you said .', '14pzssn'], ['u/killerkambri', 41, '2023-07-04 04:23', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql2jjp/', 'Pleeeaaaaseee 😭😭 if she tries something like that FB better give us the option to push that ho off the stage', '14pzssn'], ['u/killerkambri', 18, '2023-07-04 04:24', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql2kyl/', 'AND DID BC IT DONT MAKE SENSE ANY OTHER WAY!!', '14pzssn'], ['u/xtrrdnrlymprfct', 33, '2023-07-04 04:28', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql310h/', "There is a dialogue in which the MC can tell a story about when Amelia pretended to be her at work in a pub, so that way MC could go to a job interview, this was back in college, so maybe Zeph had drinks with Amelia back at the MC's work. Maybe she thought it would be fun to continue playing being her sister with him, so he kissed her. Or she simply took advantage of the situation like you said.", '14pzssn'], ['u/killerkambri', 22, '2023-07-04 04:31', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql3d7j/', 'Yeah that is a possibility, that she pretended to be MC as a joke but it went too far. If FB wants to save Amelia from being a villain, that’s the story they’ll go with. But even then it doesn’t explain why she lied to MC and said Zeph confessed his love to her when he didn’t even know it was her in the first place (if my theory is right).', '14pzssn'], ['u/AmidstMYAchievement', 49, '2023-07-04 04:33', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql3o37/', 'I really hope FB doesn’t do this (Zeph thinking he slept with MC when it was Amelia) cause that would be SA on Amelia’s part.\n\nWouldn’t be surprised, after S5, if they went this way though.', '14pzssn'], ['u/LeekInTheLoft', 35, '2023-07-04 04:43', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql4ret/', 'i never would’ve put this together like that !! ive been defending amelia this whole time cause the story never made sense to me but now that it does i wanna go to war 😭! im already imagining the tea zeph is gonna spill .\n\nhttps://preview.redd.it/n6ojftfa2v9b1.jpeg?width=897&format=pjpg&auto=webp&v=enabled&s=1a6cfb63b6650fc844523596f47ddb04f258708f\n\nnow the real question is whether imma try to get my man back or not 🌚.', '14pzssn'], ['u/xtrrdnrlymprfct', 10, '2023-07-04 04:49', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql5eid/', "True and the strange part for me is that I don't understand what Amelia was doing at her sister's work. Everything leads me to believe that she is lying about something or at least omitting.", '14pzssn'], ['u/Pearlbracelet1', 10, '2023-07-04 05:07', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql7f68/', 'Love this theory.', '14pzssn'], ['u/EstablishmentTall998', 63, '2023-07-04 05:08', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jql7i1h/', 'if she does a speech like that… fusebox needs to add a GUN ACCESSORY (maybe with a matching knuckle buster 💅🏻 ) I must slay while I slay', '14pzssn'], ['u/acidnvbody', 55, '2023-07-04 05:53', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlc7u9/', 'I’m already convinced she is cause I can understand my LI thinking my twin sister is me when she’s in my bed in a dark room but she knew she was laid up with my LI and just went with it. I’m with OP there’s a pattern', '14pzssn'], ['u/killerkambri', 25, '2023-07-04 06:07', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqldp3m/', 'Omg yes I didn’t even think about that! ew Amelia would literally be the worst islander of all time if that’s the case', '14pzssn'], ['u/killerkambri', 17, '2023-07-04 06:10', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqldxq5/', 'Riiiiiight bc I could’ve been a popstar’s gf this whole time?? Yeahhhhh I might have to get my man back 🤭', '14pzssn'], ['u/killerkambri', 18, '2023-07-04 06:52', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlhzsq/', 'omggg boooooo go away, vibe killer 🙄', '14pzssn'], ['u/rosepeachcat', 26, '2023-07-04 07:01', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlitot/', 'Zeph has to be hotter than all of them though, if he wants to get back with my MC. she deserves the world, she is queen', '14pzssn'], ['u/LeekInTheLoft', 17, '2023-07-04 07:08', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqljiby/', 'ikdr ! if zeph isnt drop dead gorgeous then tbh amelia can have him 🤣', '14pzssn'], ['u/RogueVelle', 17, '2023-07-04 07:33', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqllrm2/', 'Love your mind, love this theory, and I REALLY want it to be true…but Fusebox likes to humiliate us for some reason.\n\nI have a feeling the real story will be something totally embarrassing for MC. It won’t feel like a semi romantic “the one that got away” rom com. Instead it’ll be something like “oh god, he never even knew I existed and now the entire viewing audience knows I was catching feelings for someone who was into my twin Amelia all along”.\n\nI want your version to be real! 😭', '14pzssn'], ['u/Black_Cat_86', 15, '2023-07-04 07:54', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlnjx9/', 'OP did you by any chance read all of her answers once she has a confession?? I know that MC has to pick one and didn\'t care to replay because of it, but i saw there were mutliple questions such as "was it just a kiss, did you hear from him again and so on.." ... I am interested in her responses and explanations..', '14pzssn'], ['u/killerkambri', 24, '2023-07-04 08:00', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlo19r/', 'When you ask about the kiss, Amelia says it was just a kiss & it was meaningless. She also said they never talked about whether or not to tell MC about the kiss. She said Zeph left right after it happened and she never saw or spoke to him again (outside of seeing him on TV).\n\nI never picked the “who initiated the kiss” option, but I’m guessing Amelia probably said Zeph initiated it lol', '14pzssn'], ['u/Black_Cat_86', 21, '2023-07-04 08:10', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlovg2/', "So she stuck with her story and didn't really give much else. I mean your theory is honestly valid as any. I am just afraid MC entering CA tomorrow and having a shocked look on her face because one of those boys is actually Zeph 💀", '14pzssn'], ['u/blued98', 13, '2023-07-04 09:56', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqlx73r/', 'This SHOULD be what happenes btw it also explains why amelia left the town for years too. She also dodged mc very very long time because she feels bad i think ?', '14pzssn'], ['u/Okay_Screensaver', 21, '2023-07-04 10:41', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqm0fai/', 'Oh absolutely she would be the worst, but the way they’re going now, I would not count on them changing trajectory. It feels like they’re building it up to turn out to be worse and I’m not happy with that at all. I’m poised to fuck Amelia up if she did go too far', '14pzssn'], ['u/Merkels_world', 14, '2023-07-04 11:06', 'https://www.reddit.com/r/fuseboxgames/comments/14pzssn/i_cracked_the_code_btches_ameliazeph_theory/jqm286q/', "You should be WRITING for fusebox, is what I'm thinking haha. You pointing out the inconsistencies in Amelia's story is valid, but I reaaally doubt FB has gone that deep with it. It's definitely viable, and I'll be impressed with FB if this all does play out like you say. But I suppose time will tell. All in all tho, girl you smart as hell.", '14pzssn']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, July 04, 2023', 24, '2023-07-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/', '14q473e', [['u/Yodel_And_Hodl_Mode', 14, '2023-07-04 09:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqlvee4/', "I don't see us dropping below 20k unless there's another true black swan event. And I don't count something like an exchange going bankrupt as a black swan event. I'm not convinced we won't see another exchange go under during this cycle, and I'm sure we'll see it in the next.\n\nCovid was a true black swan event. It was a once in a century event, but even that only had a temporary effect on Bitcoin. I'd say the odds are 0%, but we've seen things over the past 5 years I never imagined happening in my lifetime. A global pandemic. A coup attempt in the U.S. Adam Sandler made a movie that wasn't stupid.\n\nBitcoin under 20k again? I doubt we'll ever see it.\n\nIn fact, I doubt we'll see Bitcoin drop below 25k again, but if we do I'll be spending every last dollar I can scrounge up on sats. Then again, I'm already doing that. I just bought 2 million sats tonight, in fact! It feels so much better saying 2 million sats, rather than 0.02 BTC, even though it's the same thing :)\n\nWhat was the question? Oh, yeah. You asked about odds. I'll take evens. Bring on 2024! The future's so bright, we've gotta shade bears.", '14q473e'], ['u/DaBrokenMeta', 17, '2023-07-04 10:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqm0y8a/', 'Going to make a Bold Prediction and say that there will be fireworks today', '14q473e'], ['u/JamieRichbell', 12, '2023-07-04 11:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqm51bd/', 'Does this prediction have any substance behind it or just a baseless guess?', '14q473e'], ['u/juiceous', 11, '2023-07-04 13:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqmehl9/', "Plot Twist: He works at Disney's Magic Kingdom", '14q473e'], ['u/sevcapital', 17, '2023-07-04 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqmlpxu/', 'European spotted', '14q473e'], ['u/diydude2', 13, '2023-07-04 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqn7eky/', "I must admit that it's looking a bit toppy in the short term. Closing my long from 29.8 at 30.9.", '14q473e'], ['u/xtal_00', 18, '2023-07-04 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqndb6a/', 'Everyone waiting for $19k is going to be sorely disappointed. Hehe', '14q473e'], ['u/BootyPoppinPanda', 18, '2023-07-04 20:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/14q473e/daily_discussion_tuesday_july_04_2023/jqnu0kt/', "What do we see first? Upvote for 36k, downvote for 25k. Happy 4th Yanks. Don't touch fireworks if you're wasted.", '14q473e']]], ['u/Rafalix01', '"Stability AI CEO: There Will Be No (Human) Programmers in Five Years"', 10, '2023-07-04 06:45', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/', "Emad Mostaque, CEO of Stability AI, believes that the influence of artificial intelligence will greatly decrease the need for human programmers within the next five years, citing the rapid increase in AI-generated code and various applications developed by his company.\n\nCurrent State of AI and Future Predictions: Emad Mostaque discusses the present condition of the AI industry and its future, asserting that within five years there will be a significant reduction in human programmers due to AI advancements.\n\n* Emphasizes that 41% of all code is AI-generated\n* AI has surpassed cryptocurrencies like Bitcoin and Ethereum in popularity on GitHub\n\nStability AI's Role and Objectives: Stability AI, led by Mostaque, has several ambitious projects under development aimed at utilizing AI in a range of sectors.\n\n* Stable Diffusion, an open-source image generator, is one of their successful creations\n* Other projects include models for protein folding, DNA analysis, chemical reactions, language processing, and audio-visual data\n\nJob Security and AI: The issue of job security in an AI-dominated future is addressed by Mostaque, who sees AI as a tool that enhances human potential rather than a threat to employment.\n\n* Rejects the notion that AI will eliminate jobs, rather it will create better ones\n* Sees the provision of valuable information to humans as a world-changing ability of AI.\n\n\n\n[Source (Decrypt)](https://decrypt.co/147191/no-human-programmers-five-years-ai-stability-ceo)\n\nPS:\xa0I run a\xa0[ML-powered news aggregator](https://dupple.com/techpresso)\xa0that summarizes with\xa0an AI\xa0the best tech news from\xa050+ media\xa0(TheVerge, TechCrunch…). If you liked this analysis, you’ll love the content you’ll receive from this tool!", 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/', '14q536t', [['u/Few-Artichoke-7593', 22, '2023-07-04 07:04', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/jqlj4dg/', "I'm a programmer who has sampled every AI out there. I'm not worried in the slightest. They aren't even close to ready to replace our dumb intern Mark.", '14q536t'], ['u/FjorgVanDerPlorg', 18, '2023-07-04 07:17', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/jqlkbqm/', 'Bookkeepers said the same thing about Microsoft Excel... Just like Excel the "replacement" will happen the same way; it wont be GPT instance where Mark the intern used to be, it will be a room of coders getting replaced by 3 guys, who are using AI tools to turbocharge their productivity.\n\nRight now, there is already a baseline created by GPT - if you can\'t code better than GPT, you are getting replaced and yes, the bar is that low in some areas of coding. That baseline is gonna continue to rise, at an accelerating rate.\n\nSome specialty areas will progress slower, others AI is already outpacing what humans can do, there\'s already some new AI made sorting algorithms that are beating out their human created competition and that\'s just the early days.\n\nI don\'t agree it will take all the coding jobs, but 5 years right now is a long time in AI advancement terms.', '14q536t'], ['u/Minimum-Map5552', 11, '2023-07-04 09:22', 'https://www.reddit.com/r/ChatGPT/comments/14q536t/stability_ai_ceo_there_will_be_no_human/jqlunkt/', 'Why does every CEO of a hyped trend company turn into a caricature of him or herself?', '14q536t']]], ['u/Jimmy_Wrinkles', 'Taking Profits vs. HODL for the Big Boys', 52, '2023-07-04 06:55', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/', "I keep seeing posts talking about taking profits during the bull, but is there anyone here planning on holding until a set life event?\n\nFor me, I have about a 65%/30% BTC/ETH ratio with one alt. I treat crypto the same way a traditional fund invests a small% in high risk/high reward stocks, with the plan that when I near retirement I will sell my holdings. \n\nI'm in my 40's so realistically I have about 6 market cycles until I get to retirement territory, if it holds every 4 years for each cycle. While I realize the possibility that even Bitcoin could go down the toilet, I don't invest more than I can afford to lose so I'm taking the chance that keeping all my crypto, rather than selling a portion along the way, will make the most of my investment. \n\nIs anyone else here using this strategy or am I in the minority treating the big two as true long-term investments?", 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/', '14q5a54', [['u/MichaelAischmann', 37, '2023-07-04 07:08', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqljj8t/', 'Holding until I can buy a home.', '14q5a54'], ['u/Qptimised', 18, '2023-07-04 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqlk1oh/', 'You can HODL, but I find that selling during bull market and then rolling those back during the bear market would net an even higher gain. \n\nBut the key here is patience and discipline. Easy to fall for FOMO during the bull.', '14q5a54'], ['u/jadequarter', 10, '2023-07-04 07:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqlkzwy/', 'blackrock / fidelity and all these big boiz filing for ETF?? hold til 100k', '14q5a54'], ['u/Da_Notorious_HAM', 11, '2023-07-04 07:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqlnh0v/', 'For the love of satoshi just get me a van by the river', '14q5a54'], ['u/kirtash93', 15, '2023-07-04 09:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqluj10/', 'I love to see that 99% of people here invest in crypto to be able to reach a basic goal like owning a home. \n\nWhich leads me to think how bad things have been managed by governments that even owning a home has become a dream. Sad 😢', '14q5a54'], ['u/rpennybags', 10, '2023-07-04 20:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14q5a54/taking_profits_vs_hodl_for_the_big_boys/jqnrjjz/', 'But the price of the house will also increase rapidly, tough to buy a house now days', '14q5a54']]], ['u/begging-for-gold', 'I’m kinda sick of losing', 35, '2023-07-04 07:15', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/', 'For some context, I started overwatch late, a little after where echo was released. Jumped right into comp and stayed in gold for a while. Ended up ending overwatch 1 in diamond\n\nCome overwatch 2, I started out doing really well, winning a lot and feeling like I was really doing well in games. \n\nFor the first few seasons I was mid masters ending in masters 2 before I dropped\n\n\nNow here I am in low plat and just ended my consecutive 15 losses for a rank up.. AGAIN. \n\nThis entire season so far I have not gotten the 5 wins to rank up without having at least 10 losses. It really hurts to constantly lose this much and I’m getting kind of sick of it. \n\nHas anyone else experienced this kind of sore point? How do you fix it? My aim has gotten worse and I just can’t seem to do anything meaningful in a game anymore despite usually ending with the highest damage and elims with some of the least deaths. \n\nHere’s the last 10 games I’ve played recently, 8 losses and 2 wins, around the low plat range\n\n\nWin- Havana- 2zjnap\n\nLoss- colosseo- 8gpteb\n\nLoss- busan- 4te3ch\n\nLoss- illios- ry7fz8\n\nLeaver- watchpoint- 520ny4\n\nLoss- blizzard world- AM66WZ\n\nLoss- junkertown- DTAXW3\n\nClose loss- kings row- 4n9272\n\nWin- watchpoint Gibraltar (I think I did decent for once here) BTCR3B\n\nI used to think I was getting better every day, but now I feel as though every single day I am getting worse. Haven’t heard of a masters player ending up in bronze but if I keep going 3 and 15, I’ll be there in no time\n\nEdit: forgot to mention, my battletag is Hogchamp', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/', '14q5ock', [['u/mochaz', 10, '2023-07-04 09:28', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqlv43c/', "Hey! I took a look at a few of the vods. Are you a dps main? The first vod i picked was the blizzard world one, but that was you on Ana. That game looked about the rank you said you were, high gold/low plat. \n\n If you want to climb, I'd suggest picking a role first, and preferably pick 1-2 heroes you like playing and only play those. \n\nReply to this if you want coaching on the Ana vod, I one trick ana and I'm high master low gm on support.", '14q5ock'], ['u/mochaz', 10, '2023-07-04 10:01', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqlxklg/', 'that\'s fine. I took a look at your gibraltar game as cass, and you tend to waste your util a lot. As in using it for no apparent reason. This was also something I noticed on your ana game. \n\nBefore using util, especially ones that can help secure a kill, you have to ask "Can I, or my team, follow up on it". If yes, throw it. If no, then don\'t. \n\nCass\'s new nade is pretty annoying as it prevents normally slippery heroes from escaping (think tracer, sombra, kiriko, lucio, moira). If you shoot, nade, then shoot, they\'re all pretty much dead. Meanwhile you were trying to hinder the dva, which is not ideal for two reasons. One, she has matrix, so she can eat the nade, and she does this many times in the match. Second, even if you hinder her, she has such a large hp pool so it\'ll be very difficult to convert your util into a kill. \n\nThis is the same reason why you shouldn\'t focus anti the tanks as Ana, unless your team can punish them. It\'s always much better to nade squishies. \n\nAnother thing I noticed was you seemed to get sucked onto low ground a lot. High ground is a VERY powerful position, and in maps such as gibraltar, you never want to give it up for free. During downtime between fights, see if you can reposition to highground to start the fight in a more advantageous position. There are nuances where you need to peel for your backline, and your ana is playing lowground for whatever reason. But normally it\'s better take high ground to pressure the enemy team to take bad positioning.\n\nAlso don\'t ego peek the widow. Your head will get blown off. You can pressure her from an offangle, but taking an aim duel with her down main is a death sentence. \n\nYour aim on cass honestly was decent though. Much better than your ana aim at least lmao. So aim isn\'t too much of an issue, but doing aim trainers in workshop mode can do no harm. (VAXTA is a popular one)\n\nnot the best cass player myself, but these are some simple mistakes I saw in the game. If a better dps player comes around, feel free to correct me :)\n\n\n\ntl;dr: 2 things you can work on. 1) Using util with intent (making sure you or your team can follow up and convert it into a kill). 2) Take high ground as much as you can. Don\'t let the enemy team take it back from you for free.', '14q5ock'], ['u/Ichmag11', 14, '2023-07-04 16:33', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqmxqeu/', 'Issue is, if you can\'t rank up from bronze 5 to 4, you are not playing well or are "pretty good" and you will need to improve further. No offense, but you need to know this if you want to rank up. Blizzard can\'t fix your skill. \n\nI\'d ask for a VOD review if you don\'t know what you\'re doing wrong', '14q5ock'], ['u/longgamma', 10, '2023-07-04 16:39', 'https://www.reddit.com/r/OverwatchUniversity/comments/14q5ock/im_kinda_sick_of_losing/jqmyhoh/', 'It’s very common to go on loss or win streaks in OW2. I have gone on 10+ wins and losses at times. Just accept it and stop playing when tilted. I never get pissed off at loss streaks and get elated with win streaks. It’s all made up nonsense from a bullshit matchmaker. Just play your heroes.', '14q5ock']]], ['u/killerkambri', 'I CRACKED THE CODE BTCHES!! Amelia/Zeph Theory', 191, '2023-07-04 07:49', 'https://www.reddit.com/r/loveislandthegametwo/comments/14q6bdl/i_cracked_the_code_btches_ameliazeph_theory/', 'I am like 99.9% sure Amelia lied to MC about the story behind Zeph kissing/being in love with her. I’ve spent wayyyy too much time thinking about it & I’ve realized it literally just doesn’t make sense or add up in any way. \n\nAmelia’s story: Zeph came to MC’s job looking for MC after she’d already left. Instead of calling MC or going to her house, Zeph randomly decided to take Amelia to dinner instead (why??). At dinner, he confesses his feelings to Amelia and kisses her. After the kiss, they don’t discuss anything & Zeph leaves for his tour, leaving behind both MC and Amelia (the person he JUST confessed his love to?? Makes no sense).\n\nEvidence against Amelia: \n1. We know she had a crush on Zeph thanks to her dodgy answer to Ivy’s “have you and your twin ever liked the same person” question during truth or dare. \n\n2. We know Amelia has either tried to or succeeded in kissing MC’s romantic interests at least 4 times (the cheek kiss with OG LI, the secret kiss with Roberto or OG LI, the kiss that almost happened with OG LI in MCs bed, and the kiss with Zeph).\n\n3. We know Amelia & MC have a history of pretending to be each other.\n\n4. We know Zeph told Ozzy he left a girl (MC) behind & regrets never giving her closure. \n\nMy Theory: Amelia always had a crush on Zeph, so when he showed up looking for MC, she pretended to be MC & went out to dinner with him (this explains why Zeph didn’t try calling MC when he couldn’t find her). I think Zeph was going to ask MC to be his official girlfriend and go on tour with him (which is why he was looking for MC in the first place). Zeph confessed his love to Amelia thinking she was MC, and didn’t realize until after he kissed her that she wasn’t. Once he realized he kissed the wrong twin, he was so embarrassed and ashamed that he left for his tour without explaining any of it to MC. Amelia never heard from him again because he never loved her in the first place. He then confides in Ozzy that he regrets how he left things & wishes he could make things right, which is why he goes on Love Island to win MC back.\n\nBOOM. I cracked the code. Amelia is a dirty little snake & Zeph will confirm what actually happened when he gets to the villa. Either my theory is correct or the FB writers left a TON of inconsistencies & plot holes in the Zeph storyline, because this is the only possible way it makes any sense. What do y’all think?? Am I way off or is it clicking for y’all the way it clicked for me?', 'https://www.reddit.com/r/loveislandthegametwo/comments/14q6bdl/i_cracked_the_code_btches_ameliazeph_theory/', '14q6bdl', [['u/ElectronicPlatform92', 67, '2023-07-04 08:10', 'https://www.reddit.com/r/loveislandthegametwo/comments/14q6bdl/i_cracked_the_code_btches_ameliazeph_theory/jqloxng/', 'you ate this makes sm sense', '14q6bdl'], ['u/Professiona... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed. Bitcoin fell back under US$31,000, but its dominance in total crypto market cap is gaining, a sign of market recovery. Solana added to its gains this week, while Polygon’s Matic and the BNB tokens led the daily losers list. Bitcoin Cash has taken the number 12 spot in the list of top tokens by market cap after its listing on the new EDX Markets exchange.\nBitcoin fell 1.0% over the last 24 hours to US$30,801 at 07:20 a.m. in Hong Kong, shaving its weekly gain down to 0.39%, according todatafrom CoinMarketCap. On Tuesday, the price of the world’s largest cryptocurrency reached US$31,371, its highest since June 2022, on the back of optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock.\nThe level of Bitcoin dominance sits near 50%, which is thehighest sinceApril 2021. Alex Kuptsikevich, senior market analyst at FxPro, says this price uptrend in Bitcoin is a typical market recovery pattern in which the most significant asset in the sector attracts buyers first.\n“It will probably take about a year of Bitcoin price recovery before crypto enthusiasts start looking for one with higher risk, pushing altcoins higher and leading to a new wave of capitalisation swell,” said Kuptsikevich, in an email statement. He said he doesn’t see altcoins rallying before November.\nBitcoin’s recent price recovery was sparked by Blackrock, the world’s biggest asset manager, filing anapplicationlast month to launch a Bitcoin ETF and refiling it again after the U.S. Securities and Exchange Commission (SEC) indicated it lacked details.\nSeveral other U.S.-based asset managers, such as Fidelity Investments and WisdomTree, have filed their own Bitcoin ETFs, suggesting mainstream finance recognizes the Bitcoin opportunity and wants to offer clients the access to its price movements without actually owning the token.\nEther, the second-largest cryptocurrency by market cap, looked to be on a run to break US$2,000 this week, but fell back 0.81% to US$1,941 today after a gain of 2.64% for the past seven days.\nThe other top 10 cryptocurrencies by market capitalization traded mixed to flat, with Solana leading gainers with a 2.0% rise to US$19.45. The token has surged 15.35% in the past week.\nPolygon’s Matic and Binance’s BNB token were amongst the losers — Matic lost 1.99% to US$0.6981, though it’s still up 4.29% for the week. BNB lost 1.68% to US$242.83, cutting its\xa0weekly gain to 1.81%.\nAltcoins have suffered from the SEC’s crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June.\nWhile these altcoins have partially recovered after an initial plunge following the SEC suits, several trading platforms including California-based Robinhood Markets Inc., Israel-based eToro and UK’s Revolut ceased support or limited access to some of these tokens for their U.S.-based customers.\nBitcoin Cashclimbed to become the twelfth largest non-stablecoin cryptocurrency by market capitalization on CoinMarketCap at US$53.8 billion. The Bitcoin spin-off is one of the four cryptocurrencies listed onEDX Markets, the Wall Street-backed, compliance-focused crypto exchange that launched on June 20 in the U.S.\nBitcoin Cash had a market capitalization of US$20.6 billion and was valued at US$106.34 on June 19. It has since surged 160% to US$276.87. It dipped 1.70% in the last 24 hours.\nThe total cryptocurrency market cap fell 0.80% to US$1.21 trillion in the last 24 hours, while crypto trading volume fell 22.22% to US$31.14 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 1.28% in the 24 hours to 07:45 a.m. in Hong Kong to 2,783.58, but logged a loss of 3.17% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets rose.\nHowever, despite moderate gains in the indexes on Wednesday morning, the NFT market overall remains in a downtrend, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but it’s Ethereum that’s really dragging the market down with it,” said Petscher, pointing to the recent problems with the Azuki NFT collection.\n“Azuki’s struggles exasperated the already struggling market … Azuki’s new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.”\nAzuki NFT creator Chiru Labs debuted its latest Elementals collection last Tuesday, to much negative response from the community, who deemed it almost identical to the original Azuki collection.\nWhile the team behind Azuki posted an publicapologyto buyers on Twitter, dissatisfied Azuki holders formed the Azuki DAO last week and passed a vote on Monday to launch a lawsuit against Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO.\nLegalDAO, the decentralized autonomous organization formed in 2020 by a group of legal professionals,saidTuesday that it will help Azuki DAO in the effort to claim the 20,000 ETH.\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3 million, but the volume was down 18.97% on the day. Mutant Ape Yacht Club, another Yuga Labs’ Ethereum-based collection, saw its volume grow 11.94% to US$2.39 million to place second in the rankings.\nTotal NFT trading volume dropped 9.24% to US$31.5 million. Volume on Ethereum fell 9.17% to US$22.7 million according to Cryptoslamdata. Volume on the Bitcoin network gained 3.73% to US$3.19 million, while volumes on Polygon, Solana and BNB all plunged.\nU.S. stock futures dipped as of 10:45 a.m. in Hong Kong ahead of the restart of trading in the U.S. following the July 4 public holiday.\nFutures on all three indexes – Dow Jones Industrial Average, S&P 500 futures and Nasdaq –declinedbut by less than 1%.\nAsian equities opened lower Wednesday morning. The Shanghai Composite fell 0.5%, Hong Kong’s Hang Seng dipped 1.3%, Japan’s Nikkei 225 index edged down 0.3%. South Korea’s Kospi also lost 0.08%.\nThe Caixin China General Composite purchasing managers’ index (PMI) — a measure of the performance of both the manufacturing and services sectors in China —droppedto 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for China’s private sector. However, the growth rate was the slowest since January.\nEmployment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according toTrading Economics.\nIn the U.S., New York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed will also release its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 87.4% chance for a 25-basis-point rate increase, down from 89.9% on Tuesday. The likelihood the Fed won’t increase is now at just 12.6%.\n(Updates to add equities section)', 'Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed. Bitcoin fell back under US$31,000, but its dominance in total crypto market cap is gaining, a sign of market recovery. Solana added to its gains this week, while Polygon’s Matic and the BNB tokens led the daily losers list. Bitcoin Cash has taken the number 12 spot in the list of top tokens by market cap after its listing on the new EDX Markets exchange.\nBitcoin fell 1.0% over the last 24 hours to US$30,801 at 07:20 a.m. in Hong Kong, shaving its weekly gain down to 0.39%, according todatafrom CoinMarketCap. On Tuesday, the price of the world’s largest cryptocurrency reached US$31,371, its highest since June 2022, on the back of optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock.\nThe level of Bitcoin dominance sits near 50%, which is thehighest sinceApril 2021. Alex Kuptsikevich, senior market analyst at FxPro, says this price uptrend in Bitcoin is a typical market recovery pattern in which the most significant asset in the sector attracts buyers first.\n“It will probably take about a year of Bitcoin price recovery before crypto enthusiasts start looking for one with higher risk, pushing altcoins higher and leading to a new wave of capitalisation swell,” said Kuptsikevich, in an email statement. He said he doesn’t see altcoins rallying before November.\nBitcoin’s recent price recovery was sparked by Blackrock, the world’s biggest asset manager, filing anapplicationlast month to launch a Bitcoin ETF and refiling it again after the U.S. Securities and Exchange Commission (SEC) indicated it lacked details.\nSeveral other U.S.-based asset managers, such as Fidelity Investments and WisdomTree, have filed their own Bitcoin ETFs, suggesting mainstream finance recognizes the Bitcoin opportunity and wants to offer clients the access to its price movements without actually owning the token.\nEther, the second-largest cryptocurrency by market cap, looked to be on a run to break US$2,000 this week, but fell back 0.81% to US$1,941 today after a gain of 2.64% for the past seven days.\nThe other top 10 cryptocurrencies by market capitalization traded mixed to flat, with Solana leading gainers with a 2.0% rise to US$19.45. The token has surged 15.35% in the past week.\nPolygon’s Matic and Binance’s BNB token were amongst the losers — Matic lost 1.99% to US$0.6981, though it’s still up 4.29% for the week. BNB lost 1.68% to US$242.83, cutting its\xa0weekly gain to 1.81%.\nAltcoins have suffered from the SEC’s crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June.\nWhile these altcoins have partially recovered after an initial plunge following the SEC suits, several trading platforms including California-based Robinhood Markets Inc., Israel-based eToro and UK’s Revolut ceased support or limited access to some of these tokens for their U.S.-based customers.\nBitcoin Cashclimbed to become the twelfth largest non-stablecoin cryptocurrency by market capitalization on CoinMarketCap at US$53.8 billion. The Bitcoin spin-off is one of the four cryptocurrencies listed onEDX Markets, the Wall Street-backed, compliance-focused crypto exchange that launched on June 20 in the U.S.\nBitcoin Cash had a market capitalization of US$20.6 billion and was valued at US$106.34 on June 19. It has since surged 160% to US$276.87. It dipped 1.70% in the last 24 hours.\nThe total cryptocurrency market cap fell 0.80% to US$1.21 trillion in the last 24 hours, while crypto trading volume fell 22.22% to US$31.14 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 1.28% in the 24 hours to 07:45 a.m. in Hong Kong to 2,783.58, but logged a loss of 3.17% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets rose.\nHowever, despite moderate gains in the indexes on Wednesday morning, the NFT market overall remains in a downtrend, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but it’s Ethereum that’s really dragging the market down with it,” said Petscher, pointing to the recent problems with the Azuki NFT collection.\n“Azuki’s struggles exasperated the already struggling market … Azuki’s new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.”\nAzuki NFT creator Chiru Labs debuted its latest Elementals collection last Tuesday, to much negative response from the community, who deemed it almost identical to the original Azuki collection.\nWhile the team behind Azuki posted an publicapologyto buyers on Twitter, dissatisfied Azuki holders formed the Azuki DAO last week and passed a vote on Monday to launch a lawsuit against Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO.\nLegalDAO, the decentralized autonomous organization formed in 2020 by a group of legal professionals,saidTuesday that it will help Azuki DAO in the effort to claim the 20,000 ETH.\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3 million, but the volume was down 18.97% on the day. Mutant Ape Yacht Club, another Yuga Labs’ Ethereum-based collection, saw its volume grow 11.94% to US$2.39 million to place second in the rankings.\nTotal NFT trading volume dropped 9.24% to US$31.5 million. Volume on Ethereum fell 9.17% to US$22.7 million according to Cryptoslamdata. Volume on the Bitcoin network gained 3.73% to US$3.19 million, while volumes on Polygon, Solana and BNB all plunged.\nU.S. stock futures dipped as of 10:45 a.m. in Hong Kong ahead of the restart of trading in the U.S. following the July 4 public holiday.\nFutures on all three indexes – Dow Jones Industrial Average, S&P 500 futures and Nasdaq –declinedbut by less than 1%.\nAsian equities opened lower Wednesday morning. The Shanghai Composite fell 0.5%, Hong Kong’s Hang Seng dipped 1.3%, Japan’s Nikkei 225 index edged down 0.3%. South Korea’s Kospi also lost 0.08%.\nThe Caixin China General Composite purchasing managers’ index (PMI) — a measure of the performance of both the manufacturing and services sectors in China —droppedto 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for China’s private sector. However, the growth rate was the slowest since January.\nEmployment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according toTrading Economics.\nIn the U.S., New York Federal Reserve President John Williams’ speaks on Wednesday and may provide an update on the Fed’s view of inflation. The Fed will also release its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 87.4% chance for a 25-basis-point rate increase, down from 89.9% on Tuesday. The likelihood the Fed won’t increase is now at just 12.6%.\n(Updates to add equities section)', 'Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed. Bitcoin fell back under US$31,000, but its dominance in total crypto market cap is gaining, a sign of market recovery. Solana added to its gains this week, while Polygon\x92s Matic and the BNB tokens led the daily losers list. Bitcoin Cash has taken the number 12 spot in the list of top tokens by market cap after its listing on the new EDX Markets exchange. Crypto price pause Bitcoin fell 1.0% over the last 24 hours to US$30,801 at 07:20 a.m. in Hong Kong, shaving its weekly gain down to 0.39%, according to data from CoinMarketCap. On Tuesday, the price of the world\x92s largest cryptocurrency reached US$31,371, its highest since June 2022, on the back of optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock. The level of Bitcoin dominance sits near 50%, which is the highest since April 2021. Alex Kuptsikevich, senior market analyst at FxPro, says this price uptrend in Bitcoin is a typical market recovery pattern in which the most significant asset in the sector attracts buyers first. \x93It will probably take about a year of Bitcoin price recovery before crypto enthusiasts start looking for one with higher risk, pushing altcoins higher and leading to a new wave of capitalisation swell,\x94 said Kuptsikevich, in an email statement. He said he doesn\x92t see altcoins rallying before November. Bitcoin\x92s recent price recovery was sparked by Blackrock, the world\x92s biggest asset manager, filing an application last month to launch a Bitcoin ETF and refiling it again after the U.S. Securities and Exchange Commission (SEC) indicated it lacked details. Several other U.S.-based asset managers, such as Fidelity Investments and WisdomTree, have filed their own Bitcoin ETFs, suggesting mainstream finance recognizes the Bitcoin opportunity and wants to offer clients the access to its price movements without actually owning the token. Story continues Ether, the second-largest cryptocurrency by market cap, looked to be on a run to break US$2,000 this week, but fell back 0.81% to US$1,941 today after a gain of 2.64% for the past seven days. The other top 10 cryptocurrencies by market capitalization traded mixed to flat, with Solana leading gainers with a 2.0% rise to US$19.45. The token has surged 15.35% in the past week. Polygon\x92s Matic and Binance\x92s BNB token were amongst the losers \x97 Matic lost 1.99% to US$0.6981, though it\x92s still up 4.29% for the week. BNB lost 1.68% to US$242.83, cutting its\xa0weekly gain to 1.81%. Altcoins have suffered from the SEC\x92s crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June. While these altcoins have partially recovered after an initial plunge following the SEC suits, several trading platforms including California-based Robinhood Markets Inc., Israel-based eToro and UK\x92s Revolut ceased support or limited access to some of these tokens for their U.S.-based customers. Bitcoin Cash climbed to become the twelfth largest non-stablecoin cryptocurrency by market capitalization on CoinMarketCap at US$53.8 billion. The Bitcoin spin-off is one of the four cryptocurrencies listed on EDX Markets , the Wall Street-backed, compliance-focused crypto exchange that launched on June 20 in the U.S. Bitcoin Cash had a market capitalization of US$20.6 billion and was valued at US$106.34 on June 19. It has since surged 160% to US$276.87. It dipped 1.70% in the last 24 hours. The total cryptocurrency market cap fell 0.80% to US$1.21 trillion in the last 24 hours, while crypto trading volume fell 22.22% to US$31.14 billion, according to CoinMarketCap data. Azuki dents NFT sentiment The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index rose 1.28% in the 24 hours to 07:45 a.m. in Hong Kong to 2,783.58, but logged a loss of 3.17% for the week. The two Forkast indexes measuring the performance of Ethereum and Polygon NFT markets rose. However, despite moderate gains in the indexes on Wednesday morning, the NFT market overall remains in a downtrend, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but it\x92s Ethereum that\x92s really dragging the market down with it,\x94 said Petscher, pointing to the recent problems with the Azuki NFT collection. \x93Azuki\x92s struggles exasperated the already struggling market \x85 Azuki\x92s new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.\x94 Azuki NFT creator Chiru Labs debuted its latest Elementals collection last Tuesday, to much negative response from the community, who deemed it almost identical to the original Azuki collection. While the team behind Azuki posted an public apology to buyers on Twitter, dissatisfied Azuki holders formed the Azuki DAO last week and passed a vote on Monday to launch a lawsuit against Chiru Labs, claiming the 20,000 ETH (US$39 million) the company holds should be returned to the DAO. LegalDAO, the decentralized autonomous organization formed in 2020 by a group of legal professionals, said Tuesday that it will help Azuki DAO in the effort to claim the 20,000 ETH. By NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3 million, but the volume was down 18.97% on the day. Mutant Ape Yacht Club, another Yuga Labs\x92 Ethereum-based collection, saw its volume grow 11.94% to US$2.39 million to place second in the rankings. Total NFT trading volume dropped 9.24% to US$31.5 million. Volume on Ethereum fell 9.17% to US$22.7 million according to Cryptoslam data . Volume on the Bitcoin network gained 3.73% to US$3.19 million, while volumes on Polygon, Solana and BNB all plunged. U.S. equity futures drop during holiday Image: Envato Elements U.S. stock futures dipped as of 10:45 a.m. in Hong Kong ahead of the restart of trading in the U.S. following the July 4 public holiday. Futures on all three indexes \x96 Dow Jones Industrial Average, S&P 500 futures and Nasdaq \x96 declined but by less than 1%. Asian equities opened lower Wednesday morning. The Shanghai Composite fell 0.5%, Hong Kong\x92s Hang Seng dipped 1.3%, Japan\x92s Nikkei 225 index edged down 0.3%. South Korea\x92s Kospi also lost 0.08%. The Caixin China General Composite purchasing managers\x92 index (PMI) \x97 a measure of the performance of both the manufacturing and services sectors in China \x97 dropped to 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for China\x92s private sector. However, the growth rate was the slowest since January. Employment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according to Trading Economics . In the U.S., New York Federal Reserve President John Williams\x92 speaks on Wednesday and may provide an update on the Fed\x92s view of inflation. The Fed will also release its June meeting minutes on Wednesday, where it decided to leave interest rates unchanged between 5% and 5.25%. The Federal Reserve\x92s next meeting on rates is July 26. The CME FedWatch Tool predicts a 87.4% chance for a 25-basis-point rate increase, down from 89.9% on Tuesday. The likelihood the Fed won\x92t increase is now at just 12.6%. (Updates to add equities section)', 'Good morning. Here’s what’s happening:\nPrices:With a continued long weekend in the U.S., and plenty of economic data coming in this week, markets are quiet.\nInsights:Animoca\'s Yat Siu is hurting GameFi\'s cause by dismissing its Ponzi problems.\nCoinDesk Market Index (CMI)\n1,262\n−11.1▼0.9%\nBitcoin (BTC)\n$30,807\n−355.6▼1.1%\nEthereum (ETH)\n$1,939\n−15.5▼0.8%\nS&P 500\n4,455.59\n+5.2▲0.1%\nGold\n$1,934\n+12.5▲0.7%\nNikkei 225\n33,422.52\n−330.8▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,262", "\\u221211.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,807", "\\u2212355.6\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,939", "\\u221215.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,934", "+12.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,422.52", "\\u2212330.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet Long Weekend Keeps Bitcoin Above $30K\nAs the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day.\nBitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. TheCoinDesk Market Index (CMI), a measure of crypto markets performance, is down 0.9% to 1,262.\nData from CoinGlassshows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.\nCoinGlass’ long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.\nAs CoinDesk has previously reported, liquiditycontinues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let’s see how traders react.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.6%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}]\nAnimoca Co-Founder Siu Shouldn’t Dismiss GameFi’s Ponzi Problem\nThe GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes.\nDuring an interview at the Collision web conference in Toronto, Yat Siu, the co-founder and executive chairman of Animoca Brands, blew up this effort.\n“The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.”\nPonzi schemes are investment scams promising high rates of return where old investors are paid by new ones, rather than legitimate sustainable business activities. To its critics, GameFi’s Play to Earn model is a ponzi scheme because of its reliance on a wealth transfer from new to old players rather than legitimately engaging gameplay.\nSiu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency.\nSiu isn’t wrong about this part. Games have had economies of scale for quite some time; U.S. political gadfly Steve Bannonmade a lot of money in the early 2000soperating a World of Warcraft virtual gold trading desk in Hong Kong.\nBut he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back.\nIn a2022 essayoutlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.”\n“We believe Ponzis will slow down web3 gaming adoption,” they wrote. “[Many projects] use complex tokenomics to camouflage their Ponzinomics nature will take web3 gaming a few years back in terms of real gamer adoption.”\nVader points to GameFi projects offering of “unrealistic returns,” which they believe not only jeopardizes long-term crypto adoption but also hinders the growth of genuine Web3 gaming.\nAnd a year later, there is some vindication to this idea, as we see what happens when the inflow of resources no longer exceeds the outflow.\nAxie Infinity, which was marketed more as awealth creation schemerather than a genuinely fun game, saw itsAXS token declineby 55% during the last year. The number of players on the platformaveraged around 362,000during the last month from a high of around 2.7 million in January 2022. For many players it hasn’t been profitable for a long time, and its army of Filipino gamersmake less than minimum wage.\nData from CryptoRank.ioshows that Animoca Brands’ basket of tokens is down 18% over the last 6 months, or, over a longer time horizon, down 17% over three years. In comparison, many other investors are well into the green for either of these time frames considering the mini-bull market of 2023 and the broader growth of crypto over long time horizons.\nA16z, for instance, is up 20% over the last six months, or 375% in the last three years.\nPerhaps the industry would be better off if it listened to Sith Lord-branded research houses and not those that defend Ponzinomics by saying it’s all misunderstood.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin (China) Services PMI (June)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nTwitter\'s New Daily Reading Limits; Atrium CEO on Future of Web3 Entertainment\n"The Hash" discussed today\'s top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joined the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint.\nUK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime:The bill, introduced in September, now enters its final stages in Parliament.\nBitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs:Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.\nPepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play:Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.\nCrypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower:It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.', 'Good morning. Here’s what’s happening: Prices: With a continued long weekend in the U.S., and plenty of economic data coming in this week, markets are quiet. Insights: Animoca\'s Yat Siu is hurting GameFi\'s cause by dismissing its Ponzi problems. Prices CoinDesk Market Index (CMI) 1,262 −11.1 ▼ 0.9% Bitcoin (BTC) $30,807 −355.6 ▼ 1.1% Ethereum (ETH) $1,939 −15.5 ▼ 0.8% S&P 500 4,455.59 +5.2 ▲ 0.1% Gold $1,934 +12.5 ▲ 0.7% Nikkei 225 33,422.52 −330.8 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,262 −11.1 ▼ 0.9% Bitcoin (BTC) $30,807 −355.6 ▼ 1.1% Ethereum (ETH) $1,939 −15.5 ▼ 0.8% S&P 500 4,455.59 +5.2 ▲ 0.1% Gold $1,934 +12.5 ▲ 0.7% Nikkei 225 33,422.52 −330.8 ▼ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Quiet Long Weekend Keeps Bitcoin Above $30K As the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day. Bitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. The CoinDesk Market Index (CMI) , a measure of crypto markets performance, is down 0.9% to 1,262. Data from CoinGlass shows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours. CoinGlass’ long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd. As CoinDesk has previously reported, liquidity continues to be a going concern , with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let’s see how traders react. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +0.6% Currency Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −2.6% Entertainment Terra LUNA −2.4% Smart Contract Platform Cosmos ATOM −2.4% Smart Contract Platform Insights Animoca Co-Founder Siu Shouldn’t Dismiss GameFi’s Ponzi Problem The GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes. During an interview at the Collision web conference in Toronto, Yat Siu, the co-founder and executive chairman of Animoca Brands, blew up this effort. “The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.” Ponzi schemes are investment scams promising high rates of return where old investors are paid by new ones, rather than legitimate sustainable business activities. To its critics, GameFi’s Play to Earn model is a ponzi scheme because of its reliance on a wealth transfer from new to old players rather than legitimately engaging gameplay. Siu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency. Siu isn’t wrong about this part. Games have had economies of scale for quite some time; U.S. political gadfly Steve Bannon made a lot of money in the early 2000s operating a World of Warcraft virtual gold trading desk in Hong Kong. But he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back. In a 2022 essay outlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.” “We believe Ponzis will slow down web3 gaming adoption,” they wrote. “[Many projects] use complex tokenomics to camouflage their Ponzinomics nature will take web3 gaming a few years back in terms of real gamer adoption.” Vader points to GameFi projects offering of “unrealistic returns,” which they believe not only jeopardizes long-term crypto adoption but also hinders the growth of genuine Web3 gaming. And a year later, there is some vindication to this idea, as we see what happens when the inflow of resources no longer exceeds the outflow. Axie Infinity, which was marketed more as a wealth creation scheme rather than a genuinely fun game, saw its AXS token decline by 55% during the last year. The number of players on the platform averaged around 362,000 during the last month from a high of around 2.7 million in January 2022. For many players it hasn’t been profitable for a long time, and its army of Filipino gamers make less than minimum wage. (CryptoRank) Data from CryptoRank.io shows that Animoca Brands’ basket of tokens is down 18% over the last 6 months, or, over a longer time horizon, down 17% over three years. In comparison, many other investors are well into the green for either of these time frames considering the mini-bull market of 2023 and the broader growth of crypto over long time horizons. A16z, for instance, is up 20% over the last six months, or 375% in the last three years. Perhaps the industry would be better off if it listened to Sith Lord-branded research houses and not those that defend Ponzinomics by saying it’s all misunderstood. Important events. 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Services PMI (June) 9:45 a.m. HKT/SGT(1:45 a.m. UTC): Caixin (China) Services PMI (June) CoinDesk TV In case you missed it, here is the most recent episode of "The Hash" on CoinDesk TV : Twitter\'s New Daily Reading Limits; Atrium CEO on Future of Web3 Entertainment "The Hash" discussed today\'s top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joined the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint. Headlines UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime: The bill, introduced in September, now enters its final stages in Parliament. Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs: Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said. Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play: Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks. Crypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower: It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.', 'Good morning. Here’s what’s happening:\nPrices:With a continued long weekend in the U.S., and plenty of economic data coming in this week, markets are quiet.\nInsights:Animoca\'s Yat Siu is hurting GameFi\'s cause by dismissing its Ponzi problems.\nCoinDesk Market Index (CMI)\n1,262\n−11.1▼0.9%\nBitcoin (BTC)\n$30,807\n−355.6▼1.1%\nEthereum (ETH)\n$1,939\n−15.5▼0.8%\nS&P 500\n4,455.59\n+5.2▲0.1%\nGold\n$1,934\n+12.5▲0.7%\nNikkei 225\n33,422.52\n−330.8▼1.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,262", "\\u221211.1\\u25bc0.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,807", "\\u2212355.6\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,939", "\\u221215.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,455.59", "+5.2\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,934", "+12.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,422.52", "\\u2212330.8\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nQuiet Long Weekend Keeps Bitcoin Above $30K\nAs the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day.\nBitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. TheCoinDesk Market Index (CMI), a measure of crypto markets performance, is down 0.9% to 1,262.\nData from CoinGlassshows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.\nCoinGlass’ long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.\nAs CoinDesk has previously reported, liquiditycontinues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let’s see how traders react.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+0.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.6%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}]\nAnimoca Co-Founder Siu Shouldn’t Dismiss GameFi’s Ponzi Problem\nThe GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes.\nDuring an interview at the Collision web conference in Toronto, Yat Siu, the co-founder and executive chairman of Animoca Brands, blew up this effort.\n“The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.”\nPonzi schemes are investment scams promising high rates of return where old investors are paid by new ones, rather than legitimate sustainable business activities. To its critics, GameFi’s Play to Earn model is a ponzi scheme because of its reliance on a wealth transfer from new to old players rather than legitimately engaging gameplay.\nSiu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency.\nSiu isn’t wrong about this part. Games have had economies of scale for quite some time; U.S. political gadfly Steve Bannonmade a lot of money in the early 2000soperating a World of Warcraft virtual gold trading desk in Hong Kong.\nBut he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back.\nIn a2022 essayoutlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.”\n“We believe Ponzis will slow down web3 gaming adoption,” they wrote. “[Many projects] use complex tokenomics to camouflage their Ponzinomics nature will take web3 gaming a few years back in terms of real gamer adoption.”\nVader points to GameFi projects offering of “unrealistic returns,” which they believe not only jeopardizes long-term crypto adoption but also hinders the growth of genuine Web3 gaming.\nAnd a year later, there is some vindication to this idea, as we see what happens when the inflow of resources no longer exceeds the outflow.\nAxie Infinity, which was marketed more as awealth creation schemerather than a genuinely fun game, saw itsAXS token declineby 55% during the last year. The number of players on the platformaveraged around 362,000during the last month from a high of around 2.7 million in January 2022. For many players it hasn’t been profitable for a long time, and its army of Filipino gamersmake less than minimum wage.\nData from CryptoRank.ioshows that Animoca Brands’ basket of tokens is down 18% over the last 6 months, or, over a longer time horizon, down 17% over three years. In comparison, many other investors are well into the green for either of these time frames considering the mini-bull market of 2023 and the broader growth of crypto over long time horizons.\nA16z, for instance, is up 20% over the last six months, or 375% in the last three years.\nPerhaps the industry would be better off if it listened to Sith Lord-branded research houses and not those that defend Ponzinomics by saying it’s all misunderstood.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI (June)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin (China) Services PMI (June)\nIn case you missed it, here is the most recent episode of"The Hash"onCoinDesk TV:\nTwitter\'s New Daily Reading Limits; Atrium CEO on Future of Web3 Entertainment\n"The Hash" discussed today\'s top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joined the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint.\nUK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime:The bill, introduced in September, now enters its final stages in Parliament.\nBitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs:Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.\nPepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play:Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.\nCrypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower:It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.', 'In May 2023, President Biden posted a tweet taking aim at tax policies that benefit ‘ wealthy crypto investors ’. While many in the crypto ecosystem criticized President Biden’s statement for being misleading, the tweet is indicative of a wider phenomenon: the federal government cracking down on crypto tax evasion. Cryptocurrency is no longer a niche ecosystem under the radar of legislators and tax authorities. Crypto is more mainstream than ever — which means the IRS is paying closer attention to crypto transactions. In this article, we’ll explore the different ways in which crypto tax fraud is increasingly becoming a focus for regulators — and how investors can stay proactive when it comes to reporting taxes and avoiding future trouble with the IRS. The end of ‘gray area’ tax policies Cryptocurrency transactions often reside in a ‘gray area’ of the tax code. Because the IRS has not released complete guidance on NFT and DeFi transactions, many investors have for years taken aggressive approaches to tax reporting to minimize their tax liability. Recently, the IRS has taken steps towards providing more clear guidelines for these transactions. In March 2023, the IRS issued guidance for NFTs for the first time — detailing the circumstances when NFTs are considered collectibles and taxed accordingly. It’s likely that more cryptocurrency guidance is due in the months ahead. According to Julie Foerster , the IRS’s digital assets director, the agency is set to implement a new operating plan for dealing with cryptocurrencies in the next 12 months. In addition, the federal government is looking to close ‘loopholes’ that have been available for cryptocurrency investors through legislation. The Biden Administration’s latest budget package would expand the wash sale rule to cryptocurrencies — restricting crypto investors’ ability to claim capital losses. How the IRS is cracking down on pseudo-anonymous transactions In addition to publishing more guidance for cryptocurrency, the IRS has been cracking down on crypto tax fraud taking place on exchanges and on the blockchain. Story continues As early as 2016, the IRS issued Coinbase a John Doe Summons — requiring the exchange to turn over customer records to the federal government. Tax regulations on centralized exchanges are only set to tighten in the years to come. The 2021 Build Back Better Act requires cryptocurrency exchanges to issue mandatory 1099 forms reporting capital gains and losses to both customers and the IRS. Of course, the IRS is not limiting its focus to centralized exchanges. In recent years, the tax agency has paid closer attention to on-chain tax fraud. Currently, the IRS works with contractors like Chainalysis to analyze the blockchain and match ‘anonymous’ wallets to known investors. It’s been estimated that these partnerships have helped the IRS seize more than $10 billion in Bitcoin. In addition, the federal government is taking active steps to deter investors from using privacy coins that could potentially be used for tax evasion. In 2022, the Treasury Department sanctioned the privacy-focused Tornado Coin — making it illegal for Americans to use. An increase in funding for the IRS It’s likely that the IRS will only be focusing more attention on the cryptocurrency industry in the years to come. While the IRS has been called an ‘underfunded’ institution in years past, this is changing as the agency has recently picked up meaningful funding from the Biden Administration. The Inflation Reduction Act of 2022 gave $80 billion in new funding to the organization over the next ten years. While it’s unknown how much of this funding will go towards fighting crypto tax fraud specifically, IRS commissioners have singled out cryptocurrency as a major contributor to America’s annual tax gap. Because of this, it’s reasonable to assume that increased funding for the IRS will lead to increased scrutiny on cryptocurrency investors. What steps should I take to accurately report my taxes? With the increased attention on the cryptocurrency ecosystem, investors should be proactive in reporting their capital gains and income. Here are a few steps you can take to make sure that you’re staying compliant with tax law. Keep track of your transactions: To accurately report your capital gains and losses, it’s important to keep a detailed record of all of your cryptocurrency transactions. This includes a complete history of all your trades and transfers across all of your wallets and exchanges — including the date the transaction took place and the fair market value of your crypto at receipt and disposal. Find the right resources: To simplify the process of reporting your cryptocurrency taxes , it’s important to find the right tools. Crypto tax software can automatically sync to your wallets and exchanges — helping you keep track of your gains, losses, and income! If you feel uncomfortable reporting your taxes yourself, you can reach out to a tax professional with expertise in cryptocurrency. Submit an am Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $599,462,347,750 - Hash Rate: 390233669.4978951 - Transaction Count: 493478.0 - Unique Addresses: 716586.0 Social & AI Sentiment: - Fear & Greed Index: 0.61 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Huw Jones LONDON (Reuters) -Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, which wants to become a global hub for crypto and its underlying blockchain technology, is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards. Bitcoin and ether account for two-thirds of all cryptoassets and are not backed by any currency or asset, leading to volatility in prices and the potential for all money invested in them to be wiped out, the report from parliament's treasury committee said. Regulating retail trading and investment in unbacked cryptocurrencies could create a 'halo' effect that leads consumers to think the activity is safer than it is, or protected when it is not, it said. "We therefore strongly recommend that the Government regulates retail trading and investment activity in unbacked cryptoassets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’," the report said. Industry body CryptoUK said it strongly disagreed with equating the crypto sector with gambling. "We are both concerned and disappointed by these claims which are unhelpful, false, fundamentally flawed and unsubstantiated. The statement fails to reflect the true nature, purpose and potential of the crypto industry," CryptoUK said in a statement. The Financial Conduct Authority has repeatedly warned consumers they could lose all of their money invested in cryptocurrencies. Cryptoassets globally have a total market capitalisation of about $1.2 trillion, a tiny part of the financial system, but the collapse of crypto firm FTX exchange last year introduced greater urgency into regulating the sector. "The events of 2022 have highlighted the risks posed to consumers by the cryptoasset industry, large parts of which remain a wild west," said Harriett Baldwin, chair of the treasury committee. Story continues Around 10% of UK adults hold or have held cryptoassets, according to official figures. The European Union approved the world's first set of comprehensive rules for crypto markets on Tuesday. International regulators are due to propose global norms shortly. The underlying technology used by cryptoassets has the potential to improve efficiency in payments, the report said. (Reporting by Huw JonesEditing by Christina Fincher)... - Reddit Posts (Sample): [['u/anonourmouse', 'Queer Kpop Fans Survey 2023 – the results are in!', 158, '2023-07-05 02:07', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/', 'Hello everyone! About a month ago I posted the second annual survey for LGBTQ+ Kpop fans, and I’m now here to share this year\'s results! Before we get to the results, I have a few notes and disclaimers, so please read them!\n\n1. The survey was posted on [r/kpopthoughts](https://www.reddit.com/r/kpopthoughts/), [r/kpophelp](https://www.reddit.com/r/kpophelp/), and [r/kpoppers](https://www.reddit.com/r/kpoppers/) and was open from June 1-June 7. It received 1,057 responses, over 300 more than last year!\n2. In this post, I am only listing the top 3 results for genders, sexual orientations, and romantic orientations that at least 20 respondents identified as (except for the overall demographic results). I did this solely in the interest of keeping this post as short as possible and showing results with even the tiniest bit of statistical significance, and not at all with the intention of excluding anyone – even 20 respondents is honestly pushing it, considering it’s less than 2% of the sample! That being said, I will link the full results at the end of this post.\n3. Following that, one thing I did a bit differently this year is include "N/A" as a entry – i.e., if someone did not answer for whatever reason. This was an especially common answer to the "queerest songs" question.\n4. 353 respondents identified as 2 sexualities and 299 identified as 2 romantic orientations. If someone put more than one identity (ex. "Bisexual, Demisexual"), their answers were counted once under each of the listed identities, which means some of the math won\'t add up perfectly. Four respondents identified as cisgender, heterosexual, and heteroromantic; their responses were erased from the dataset. All respondents who identified as LGBTQ+ in some way, even if they were straight/cis in another way, were included.\n5. If someone wrote more than 3 groups, soloists, ults, and/or songs, I only included the first 3 they listed in the results.\n6. I fully expect Koreaboo to steal and post this information and give me absolutely none of whatever profits they make off of it like they did last year, so let me just preemptively say: FUCK KOREABOO :)\n7. NO BIGOTRY/EXCLUSION OF ANY KIND IN THE COMMENTS PLEASE.\n\n# Demographics\n\n# of respondents by gender\n\n* Women: 661 (653 cis, 8 trans)\n* Men: 158 (113 cis, 45 trans)\n* Genderqueer/Non-binary: 92\n* Unsure/questioning: 49\n* Trans: 53\n* Agender: 35\n* Genderfluid/Multigender/Polygender: 22\n* Demigender: 26 (5 boys, 21 girls)\n* Write-ins: Girl/Woman (5), Unlabeled (2), 2 Spirit (1), Bigender (1), FairyWolf Hybrid (1), Feminine-presenting (1), Girlflux (1), Xenogender (1)\n\n# of respondents by sexual orientation\n\n* Bisexual: 433\n* Asexual/graysexual: 238\n* Lesbian/homosexual: 181\n* Queer: 181\n* Gay/homosexual: 111\n* Pansexual: 104\n* Unsure/questioning: 72\n* Demisexual: 56\n* Write-ins: Omnisexual (2), Aegosexual (1), FaeWolfSexual (1), Unlabeled (1), Polysexual (1), Sexual (1)\n\n# of respondents by romantic orientation\n\n* Biromantic: 378\n* Lesbian/homoromantic: 213\n* Queer: 196\n* Aromantic/grayromantic: 121\n* Panromantic: 120\n* Gay/homoromantic: 116\n* Unsure/questioning: 86\n* Demiromantic: 63\n* Write-ins: Unlabeled (3), ? (1), Polyamorous (1), Polyromantic (1), Romantic (1), Wolfmantic (1)\n\n# Overall Results\n\nGroup Preferences: 37.7% prefer girl groups, 34.3% prefer boy groups, 27.7% have no preference, 0.3% prefer coed groups\n\nSoloist Preferences: 46.1% prefer female soloists, 40.2% have no preference, 13.8% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (226)\|1. Taemin (205)\|1. Suga (BTS) (78)\|1. (G)I-dle - Oh my god (366)\|\n\|2. BTS (197)\|2. Sunmi (180)\|2. \\[TIE\\] Lee Know (SKZ) (56)\|2. Moonbyul ft. Seori - Shutdown (227)\|\n\|3. Seventeen (186)\|3. IU (178)\|2. \\[TIE\\] Taemin (SHINee) (56)\|3. Chuu (ex-Loona) - Heart Attack (177)\|\n\|4. Twice (177)\|4. Taeyeon (176)\|4. Bang Chan (SKZ) (55)\|4. OnlyOneOf - libidO (136)\|\n\|5. Red Velvet (147)\|5. Chungha (172)\|5. Moonbyul (MMM) (49)\|5. N/A (76)\|\n\|6. TXT (137)\|6. Agust D (149)\|6. Seulgi (RV) (46)\|6. Irene&Seulgi (RV) - Monster (65)\|\n\|7. SHINee (124)\|7. Bibi (123)\|7. \\[TIE\\] Felix (SKZ) (41)\|7. Taemin - Move (54)\|\n\|8. \\[TIE\\] (G)I-dle (117)\|8. \\[TIE\\] Baekhyun (78)\|7. \\[TIE\\] Han (SKZ) (41)\|8. V (BTS) - Stigma (39)\|\n\|8. \\[TIE\\] Dreamcatcher (117)\|8. \\[TIE\\] Key (78)\|9. RM (BTS) (40)\|9. \\[TIE\\] K.Will - Please Don\'t... (35)\|\n\|10. Ateez (116)\|10. Woodz (73)\|10. Yunjin (LSFM) (38)\|9. \\[TIE\\] Yoojung (OOO) - begin (35)\|\n\nLike last year, I\'ve made playlists of the queerest songs according to the survey! To keep it from being too long, I only put songs that at least 2 people replied, but you can see all of the songs in the full results, linked at the end of this post. Enjoy!\n\n[gaypop 2023 Spotify playlist](https://open.spotify.com/playlist/6syVVrCeyc6C1S4WwPIKM1?si=0BTcZGTSTcqaqOTGhotTMQ)\n\n[gaypop 2023 YouTube playlist](https://youtube.com/playlist?list=PLSW2w6Xza72apViQWUvyUBOuShFNm6Gde)\n\nI don’t have Apple Music, but if someone here does and wants to make a playlist there let me know!\n\n# Results by Gender\n\nNote: Unlike last year, I did not calculate results for cis women or cis men.\n\nGenderqueer/Nonbinary\n\nGroup Preferences: 46.7% prefer boy groups, 27.2% have no preference, 26.1% prefer girl groups\n\nSoloist Preferences: 41.3% have no preference, 38.0% prefer female soloists, 20.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (26)\|1. Sunmi (20)\|1. \\[TIE\\] Bang Chan (SKZ) (7)\|1. (G)I-dle - Oh my god (24)\|\n\|2. Seventeen (18)\|2. Taeyeon (17)\|1. \\[TIE\\] Han (SKZ) (7)\|2. OnlyOneOf - libidO (17)\|\n\|3. \\[TIE\\] BTS (16)\|3. Taemin (15)\|1. \\[TIE\\] Suga (BTS) (7)\|3. Chuu (ex-Loona) - Heart Attack (15)\|\n\|3. \\[TIE\\] Twice (16\|\|\|\|\n\nUnsure/Questioning\n\nGroup Preferences: 36.7% prefer boy groups, 34.7% have no preference, 28.6% prefer girl groups\n\nSoloist Preferences: 53.1% have no preference, 40.8% prefer female soloists, 6.1% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. \\[TIE\\] BTS (11)\|1. IU (13)\|1. \\[TIE\\] Key (SHINee) (4)\|1. (G)I-dle - Oh my god (23)\|\n\|1. \\[TIE\\] Stray Kids (11)\|2. Taemin (12)\|1. \\[TIE\\] Suga (BTS) (4)\|2. \\[TIE\\] Chuu (ex-Loona) - Heart Attack (9)\|\n\|3. \\[TIE\\] Seventeen (9)\|3. Agust D (8)\|1. \\[TIE\\] Taemin (SHINee) (4)\|2. \\[TIE\\] Moonbyul ft. Seori - Shutdown (9)\|\n\|3. \\[TIE\\] SHINee (9)\|\|\|\|\n\nTrans Men\n\nGroup Preferences: 54.3% prefer boy groups, 26.1% prefer girl groups, 19.6% have no preference\n\nSoloist Preferences: 50.0% have no preference, 28.3%% prefer female soloists, 21.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (12)\|1. Taemin (10)\|1. Han (SKZ) (4)\|1. (G)I-dle - Oh my god (13)\|\n\|2. \\[TIE\\] Seventeen (9)\|2. Sunmi (9)\|2. \\[TIE\\] DK (SVT), Felix (SKZ), Jennie (BP), Jonghyun (SHINee) (3)\|2. Chuu (ex-Loona) - Heart Attack (9)\|\n\|2. \\[TIE\\] SHINee (9)\|3. Agust D (7)\|2. \\[TIE\\] Key (SHINee), Momo (Twice), Suga (BTS), Wonho (3)\|3. OnlyOneOf - libidO (6)\|\n\nAgender\n\nGroup Preferences: 40.0% prefer girl groups, 31.4% have no preference, 28.6% prefer boy groups\n\nSoloist Preferences: 57.1% have no preference, 42.9% prefer female soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Dreamcatcher (8)\|1. Chungha (6)\|1. \\[TIE\\] Han (SKZ) (4)\|1. (G)I-dle - Oh my god (15)\|\n\|2. Ateez (7)\|2. \\[TIE\\] Agust D (5)\|1. \\[TIE\\] Lee Know (SKZ) (4)\|2. Moonbyul ft. Seori - Shutdown (8)\|\n\|3. Seventeen (6)\|2. \\[TIE\\] Bibi (5)\|3. (17 idols got 2)\|3. \\[TIE\\] Chuu (ex-Loona) - Heart Attack (5)\|\n\|\|2. \\[TIE\\] Sunmi (5)\|\|3. \\[TIE\\] OnlyOneOf - libidO (5)\|\n\nGenderfluid/Multigender/Polygender\n\nGroup Preferences: 54.5% prefer boy groups, 18.2% prefer girl groups, 27.3% have no preference\n\nSoloist Preferences: 45.5% have no preference, 27.3% prefer female soloists, 27.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Ateez (7)\|1. Taemin (12)\|1. \\[TIE\\] Hongjoong (Ateez) (3)\|1. (G)I-dle - Oh my god (8)\|\n\|2. \\[TIE\\] BTS (5)\|2. Agust D (7)\|1. \\[TIE\\] Ten (NCT) (3)\|2. V (BTS) - Stigma (4)\|\n\|2. \\[TIE\\] Seventeen (5)\|3. \\[TIE\\] IU (5)\|3. \\[TIE\\] Dino (SVT), Kai (EXO), RM (BTS) (2)\|3. (6 songs got 2)\|\n\|2. \\[TIE\\] TXT (5)\|3. \\[TIE\\] Woodz (5)\|3. \\[TIE\\] San (Ateez), Woodz, Yeonjun (TXT) (2)\|\|\n\nDemigirl\n\nGroup Preferences: 42.9% prefer boy groups, 28.6% have no preference, 28.6% prefer girl groups\n\nSoloist Preferences: 42.9% prefer female soloists, 42.9% have no preference, 14.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (8)\|1. Bibi (6)\|1. \\[TIE\\] Bang Chan (SKZ) (3)\|1. (G)I-dle - Oh my god (6)\|\n\|2. BTS (7)\|2. Hwasa (4)\|1. \\[TIE\\] Felix (SKZ) (3)\|2. Moonbyul ft. Seori - Shutdown (5)\|\n\|3. Twice (6)\|3. \\[TIE\\] Baekhyun (3)\|1. \\[TIE\\] J-hope (BTS) (3)\|3. OnlyOneOf - libidO (3)\|\n\|\|3. \\[TIE\\] IU (3)\|1. \\[TIE\\] Moonbyul (MMM) (3)\|\|\n\|\|3. \\[TIE\\] Sunmi (3)\|1. \\[TIE\\] Yunjin (LSFM) (3)\|\|\n\n# Results by Sexual Orientation\n\nBisexual\n\nGroup Preferences: 34.9% prefer boy groups, 33.9% prefer girl groups, 30.7% have no preference, 0.5% prefer coed groups\n\nSoloist Preferences: 45.5% have no preference, 42.0% prefer female soloists, 12.5% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (99)\|1. Taemin (97)\|1. Suga (BTS) (39)\|1. (G)I-dle - Oh my god (153)\|\n\|2. BTS (98)\|2. IU (75)\|2. Taemin (SHINee) (29)\|2. Moonbyul ft. Seori - Shutdown (95)\|\n\|3. Seventeen (70)\|3. Sunmi (71)\|3. Lee Know (SKZ) (27)\|3. Chuu (ex-Loona) - Heart Attack (57)\|\n\nAsexual/Graysexual\n\nGroup Preferences: 39.5% prefer boy groups, 34.5% have no preference, 26.1% prefer girl groups\n\nSoloist Preferences: 43.7% prefer female soloists, 43.3% have no preference, 13.0% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Seventeen (60)\|1. Taemin (48)\|1. Taemin (SHINee) (17)\|1. (G)I-dle - Oh my god (90)\|\n\|2. Stray Kids (58)\|2. IU (43)\|2. \\[TIE\\] Bang Chan (SKZ) (14)\|2. Moonbyul ft. Seori - Shutdown (48)\|\n\|3. Ateez (41)\|3. Taeyeon (40)\|2. \\[TIE\\] Lee Know (SKZ) (14)\|3. Chuu (ex-Loona) - Heart Attack (40)\|\n\nLesbian/Homosexual\n\nGroup Preferences: 56.9% prefer girl groups, 22.7% prefer boy groups, 19.9% have no preference, 0.6% prefer coed groups\n\nSoloist Preferences: 63.5% prefer female soloists, 24.9% have no preference, 11.6% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Twice (41)\|1. Sunmi (44)\|1. Moonbyul (MMM) (27)\|1. (G)I-dle - Oh my god (75)\|\n\|2. Mamamoo (37)\|2. Chungha (33)\|2. Suga (BTS) (13)\|2. Moonbyul ft. Seori - Shutdown (69 ^(nice))\|\n\|3. Red Velvet (34)\|3. Taemin (30)\|3. Solar (MMM) (11)\|3. Chuu (ex-Loona) - Heart Attack (40)\|\n\nQueer\n\nGroup Preferences: 41.4% prefer boy groups, 34.8% prefer girl groups, 23.8% have no preference\n\nSoloist Preferences: 43.1% have no preference, 38.7% prefer female soloists, 18.2% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. BTS (48)\|1. Agust D (36)\|1. \\[TIE\\] Bang Chan (SKZ) (14)\|1. (G)I-dle - Oh my god (51)\|\n\|2. Stray Kids (39)\|2. Taemin (35)\|1. \\[TIE\\] Suga (BTS) (14)\|2. Moonbyul ft. Seori - Shutdown (45)\|\n\|3. Seventeen (36)\|3. IU (30)\|3. Lee Know (SKZ) (13)\|3. Chuu (ex-Loona) - Heart Attack (34)\|\n\nGay/Homosexual\n\nGroup Preferences: 47.7% prefer girl groups, 34.2% prefer boy groups, 18.0% have no preference\n\nSoloist Preferences: 50.5% prefer female soloists, 27.9% have no preference, 21.6% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. \\[TIE\\] Seventeen (21)\|1. Taeyeon (29)\|1. Felix (SKZ) (8)\|1. (G)I-dle - Oh my god (31)\|\n\|1. \\[TIE\\] Twice (21)\|2. Chungha (22)\|2. \\[TIE\\] Soobin (TXT) (7)\|2. OnlyOneOf - libidO (27)\|\n\|3. Red Velvet (16)\|3. IU (21)\|2. \\[TIE\\] Taeyeon (SNSD) (7)\|3. Chuu (ex-Loona) - Heart Attack (23)\|\n\nPansexual\n\nGroup Preferences: 45.2% prefer boy groups, 28.8% have no preference, 26.0% prefer girl groups\n\nSoloist Preferences: 49.0% have no preference, 35.6% prefer female soloists, 15.4% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (34)\|1. Agust D (25)\|1. Suga (BTS) (15)\|1. (G)I-dle - Oh my god (26)\|\n\|2. BTS (30)\|2. Taemin (23)\|2. \\[TIE\\] Bang Chan (SKZ) (9)\|2. Moonbyul ft. Seori - Shutdown (22)\|\n\|3. Ateez (21)\|3. Bibi (22)\|2. \\[TIE\\] Han (SKZ) (9)\|3. Chuu (ex-Loona) - Heart Attack (16)\|\n\nUnsure/Questioning\n\nGroup Preferences: 37.5% prefer girl groups, 31.9% have no preference, 30.6% prefer boy groups,\n\nSoloist Preferences: 50.0% have no preference, 41.7% prefer female soloists, 8.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (20)\|1. IU (19)\|1. Lee Know (SKZ) (8)\|1. (G)I-dle - Oh my god (32)\|\n\|2. BTS (17)\|2. Chungha (17)\|2. \\[TIE\\] Jihyo (Twice) (6)\|2. Moonbyul ft. Seori - Shutdown (16)\|\n\|3. TXT (15)\|3. \\[TIE\\] Agust D (14)\|2. \\[TIE\\] Suga (BTS) (6)\|3. Chuu (ex-Loona) - Heart Attack (11)\|\n\|\|3. \\[TIE\\] Taemin (14)\|\|\|\n\nDemisexual\n\nGroup Preferences: 41.1% prefer boy groups, 32.1% have no preference, 26.8% prefer girl groups\n\nSoloist Preferences: 55.4% have no preference, 28.6% prefer female soloists, 16.1% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (14)\|1. Taemin (17)\|1. Suga (BTS) (8)\|1. \\[TIE\\] (G)I-dle - Oh my god (14)\|\n\|2. Red Velvet (11)\|2. Agust D (14)\|2. Lee Know (SKZ) (6)\|1. \\[TIE\\] Moonbyul ft. Seori - Shutdown (14)\|\n\|3. \\[TIE\\] Ateez (10)\|3. Sunmi (11)\|3. \\[TIE\\] Han (SKZ) (5)\|3. Chuu (ex-Loona) - Heart Attack (11)\|\n\|3. \\[TIE\\] BTS (10)\|\|3. \\[TIE\\] Seulgi (RV) (5)\|\|\n\n# Results by Romantic Orientation\n\nBiromantic\n\nGroup Preferences: 33.9% prefer boy groups, 33.1% prefer girl groups, 32.5% have no preference, 0.5% prefer coed groups\n\nSoloist Preferences: 45.8% have no preference, 41.0% prefer female soloists, 13.2% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (92)\|1. Taemin (88)\|1. Suga (BTS) (28)\|1. (G)I-dle - Oh my god (138)\|\n\|2. BTS (70)\|2. \\[TIE\\] Chungha (64)\|2. Lee Know (SKZ) (26)\|2. Moonbyul ft. Seori - Shutdown (83)\|\n\|3. Seventeen (66)\|2. \\[TIE\\] IU (64)\|3. Taemin (SHINee) (21)\|3. Chuu (ex-Loona) - Heart Attack (51)\|\n\nLesbian/Homoromantic\n\nGroup Preferences: 56.3% prefer girl groups, 22.5% prefer boy groups, 20.7% have no preference, 0.5% prefer coed groups\n\nSoloist Preferences: 62.4% prefer female soloists, 26.3% have no preference, 11.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Twice (45)\|1. Sunmi (48)\|1. Moonbyul (MMM) (26)\|1. (G)I-dle - Oh my god (87)\|\n\|2. Red Velvet (42)\|2. Chungha (42)\|2. Suga (BTS) (15)\|2. Moonbyul ft. Seori - Shutdown (78)\|\n\|3. Mamamoo (40)\|3. Taeyeon (36)\|3. \\[TIE\\] Seulgi (RV) (12)\|3. Chuu (ex-Loona) - Heart Attack (44)\|\n\|\|\|3. \\[TIE\\] Solar (MMM) (12)\|\|\n\nQueer\n\nGroup Preferences: 38.3% prefer boy groups, 34.2% prefer girl groups, 27.6% have no preference\n\nSoloist Preferences: 44.9% have no preference, 41.8% prefer female soloists, 13.3% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. BTS (53)\|1. \\[TIE\\] IU (40)\|1. Suga (BTS) (14)\|1. (G)I-dle - Oh my god (57)\|\n\|2. Stray Kids (41)\|1. \\[TIE\\] Sunmi (40)\|2. Bang Chan (SKZ) (13)\|2. Moonbyul ft. Seori - Shutdown (48)\|\n\|3. Seventeen (39)\|2. Taemin (37)\|3. Lee Know (SKZ) (12)\|3. Chuu (ex-Loona) - Heart Attack (38)\|\n\nAromantic/Grayromantic\n\nGroup Preferences: 38.8% prefer boy groups, 31.4% have no preference, 29.8% prefer girl groups\n\nSoloist Preferences: 42.1% prefer female soloists, 42.1% have no preference, 15.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Seventeen (29)\|1. Taemin (27)\|1. Taemin (SHINee) (12)\|1. (G)I-dle - Oh my god (52)\|\n\|2. Stray Kids (26)\|2. IU (21)\|2. Han (SKZ) (9)\|2. \\[TIE\\] Chuu (ex-Loona) - Heart Attack (21)\|\n\|3. SHINee (21)\|3. Sunmi (18)\|3. Key (SHINee) (8)\|2. \\[TIE\\] Moonbyul ft. Seori - Shutdown (21)\|\n\nPanromantic\n\nGroup Preferences: 47.5% prefer boy groups, 34.2% have no preference, 18.3% prefer girl groups\n\nSoloist Preferences: 53.3% have no preference, 30.8% prefer female soloists, 15.8% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (37)\|1. Agust D (32)\|1. Suga (BTS) (15)\|1. (G)I-dle - Oh my god (37)\|\n\|2. BTS (35)\|2. Bibi (27)\|2. \\[TIE\\] Bang Chan (SKZ) (9)\|2. Moonbyul ft. Seori - Shutdown (23)\|\n\|3. Seventeen (28)\|3. Taemin (26)\|2. \\[TIE\\] Han (SKZ) (9)\|3. OnlyOneOf - libidO (20)\|\n\nGay/Homoromantic\n\nGroup Preferences: 46.6% prefer girl groups, 34.5% prefer boy groups, 19.0% have no preference\n\nSoloist Preferences: 52.6% prefer female soloists, 28.4% have no preference, 19.0% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Twice (21)\|1. Taeyeon (30)\|1. \\[TIE\\] Felix (SKZ) (7)\|1. (G)I-dle - Oh my god (36)\|\n\|2. Seventeen (19)\|2. Chungha (24)\|1. \\[TIE\\] Soobin (TXT) (7)\|2. OnlyOneOf - libidO (28)\|\n\|3. Red Velvet (17)\|3. IU (23)\|1. \\[TIE\\] Taemin (SHINee) (7)\|3. Chuu (ex-Loona) - Heart Attack (26)\|\n\|\|\|1. \\[TIE\\] Taeyeon (SNSD) (7)\|\|\n\nUnsure/Questioning\n\nGroup Preferences: 34.9% prefer girl groups, 34.9% have no preference, 30.2% prefer boy groups\n\nSoloist Preferences: 48.8% have no preference, 45.3% prefer female soloists, 5.8% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. Stray Kids (22)\|1. IU (20)\|1. Suga (BTS) (10)\|1. (G)I-dle - Oh my god (34)\|\n\|2. BTS (18)\|2. Taeyeon (19)\|2. Lee Know (SKZ) (7)\|2. Moonbyul ft. Seori - Shutdown (26)\|\n\|3. TXT (15)\|3. Taemin (17)\|3. \\[TIE\\] Yeonjun (TXT) (6)\|3. Chuu (ex-Loona) - Heart Attack (16)\|\n\|\|\|3. \\[TIE\\] Yunjin (LSFM) (6)\|\|\n\nDemiromantic\n\nGroup Preferences: 54.0% prefer boy groups, 25.4% have no preference, 20.6% prefer girl groups\n\nSoloist Preferences: 46.0% have no preference, 38.1% prefer female soloists, 31.7% prefer male soloists\n\n\|Top Groups\|Top Soloists\|Top Ult Biases\|Queerest Songs\|\n\|:-\|:-\|:-\|:-\|\n\|1. BTS (24)\|1. Agust D (19)\|1. Suga (BTS) (9)\|1. (G)I-dle - Oh my god (15)\|\n\|2. Stray Kids (17)\|2. Taemin (15)\|2. \\[TIE\\] Jimin (BTS) (6)\|2. Moonbyul ft. Seori - Shutdown (14)\|\n\|3. Ateez (15)\|3. IU (14)\|2. \\[TIE\\] RM (BTS) (6)\|3. OnlyOneOf - libidO (12)\|\n\n[Here are the full results](https://docs.google.com/spreadsheets/d/1hxx-ldxzu-zuCzw09DPJmwh_DMTy8qwKG6zSN_E0CT4/edit?usp=sharing) if you\'d like to see them! Yellow cells are entries that did not appear last year. Please forgive any mistakes you may find, I\'m sure there are at least a few, lol. [Here is last year\'s results post](https://www.reddit.com/r/kpopthoughts/comments/w30md3/lgbtq_kpop_fans_survey_the_results_are_in/?utm_source=share&utm_medium=web2x&context=3) if you\'re interested in comparing. Finally, I\'ll include my own thoughts and observations in a comment.\n\nThank you so much for reading, and thank you again to those who participated in the survey and patiently waited for the results! I hope you all had a wonderful and safe Pride! :)', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/', '14qv3b6', [['u/anonourmouse', 49, '2023-07-05 02:08', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqp4te3/', 'Thoughts and observations:\n\n* As a Stay myself, I’m very pleasantly surprised by Stray Kids’ growth – last year they were 3rd most popular after BTS and Twice, and now they’re the most popular by a not insignificant margin! \r\n* Also very pleased (if unsurprised) with Bibi’s growth in popularity, both in general and among queers, she absolutely deserves it <3\r\n* I love that female soloists are, again, far more popular than male soloists…and yet the most popular soloist is Taemin, lol.\r\n* Suga continues to be exceedingly popular among queers, but I am a bit surprised at Seulgi’s drop in relative popularity – she was tied for 2nd overall and was most popular among lesbians last year, but didn’t even make top 3 for lesbians this year. \r\n* OnlyOneOf’s “be” series began just after last year’s survey closed, so I fully expected most if not all of them to appear on the list this year. I do think it’s interesting that, besides the “be” series, the top queerest songs didn’t change all that much.\r\n* (G)I-dle’s Oh my god being the top queerest song for every single category is kind of hilarious to me. She really did take us to the sky, huh?', '14qv3b6'], ['u/Medium-Principle-352', 53, '2023-07-05 02:26', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqp71h7/', 'Stray kids for the gays lol', '14qv3b6'], ['u/ligneouslimb', 16, '2023-07-05 02:29', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqp7cc1/', 'I do wonder what the straights would vote for considering how often in this sub I see the gals who use those fandom names saying the commentariat here simps for SM girlies when apparently not the case here lmao.', '14qv3b6'], ['u/ligneouslimb', 21, '2023-07-05 02:57', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpak7c/', "Also as a huge homosexual does this mean I need to give Stray Kids and Seventeen another chance. I love that they have extensive control over their own music but didn't gel with them much. Red Velvet I had a very sad One of These Nights on loop eras so have had enough thank u.", '14qv3b6'], ['u/anonourmouse', 24, '2023-07-05 03:05', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpbde0/', '[They are not STRAIGHT Kids, after all](https://twitter.com/softyeoggu/status/1079257307454861312?s=46&t=dSFNXvzOAWK_FXLkE9B3mw)', '14qv3b6'], ['u/anonourmouse', 13, '2023-07-05 03:09', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpbuph/', 'It certainly can’t hurt! Maybe start with their songs on the gaypop playlist? They both have huge discographies so you’re bound to like a few things from them! Or if you want more specific recommendations I (or other commenters) can try to help!', '14qv3b6'], ['u/aftershockstone', 10, '2023-07-05 03:28', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpdu7c/', 'Though I will say that Red Velvet and SHINee are exactly who I would expect to have the biggest proportion of queer fans amongst SM groups', '14qv3b6'], ['u/elswheeler', 29, '2023-07-05 03:49', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpg48g/', 'i’m screeching at skz being #1 on so many of these 😭😭😭 somehow it is so surprising', '14qv3b6'], ['u/Dannynite', 45, '2023-07-05 03:56', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpgv10/', 'Mamamoo is for the lesbians 😂 During some USA tour stops, a lot of people cracked up when Hwasa said only “[ladies](https://twitter.com/lmmleigh/status/1660206312389582849?s=46)” (~0:30) instead of “ladies and gentlemen” (although I think she does say both later) in Mr. Ambiguous. They know their audience. 😂 And of course moonsun being among the ult biases… A friend was handing out pride flags during the last two stops (when June just started) and there simply weren’t enough. But I saw sooooo many people bring their own, too.\n\nAlso glad to see Moonbyul’s Shutdown is still recognized. I still love how subtle/poetic it is without being overly explicit.\n\nAlso! Worth noting that Rainbow Moomoos, an official association in SK, successfully fundraised [2 million won](https://twitter.com/rainbowmoomoos/status/1663565953559568386?s=46) for Seoul Queer Culture Festival. Overall they raised 4 million won, so the remainder is going towards rewards for donors as well as other LGBTQIA+ causes in SK. :)', '14qv3b6'], ['u/coco_xcx', 35, '2023-07-05 04:02', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqphgo5/', 'Can I just say that it makes me happy to see WOODZ on this list 😭 This survey was very fun to do but slightly stressful when choosing my fave groups & soloists 😅', '14qv3b6'], ['u/TwoHungryBlackbirdss', 29, '2023-07-05 04:09', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpi852/', "I didn't see it at last weekend's Seoul Pride, but last year the contingent of Mamamoo fans with a giant flag with their lightstick at the top were marching in the parade in front of me lol. Moomoos don't fuck around", '14qv3b6'], ['u/CrawlingWizard', 30, '2023-07-05 04:19', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpjc2h/', "Yoongi is apparently everyone's bias or wrecker here on reddit 😂", '14qv3b6'], ['u/spooky_biscuit', 86, '2023-07-05 04:30', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpkiot/', 'twice, mamamoo, red velvet sounds about right. love how predictable us lesbians are 😭😭', '14qv3b6'], ['u/Unlucky-Two2737', 10, '2023-07-05 05:08', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpoieq/', 'Good job gays! Glad to see Taeyeon is still getting the support she deserves from our community.', '14qv3b6'], ['u/hirudoredo', 21, '2023-07-05 05:28', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpqj81/', 'As someone who almost exclusively stans female groups/artists, I can confirm that Taemin is one of my top soloists. Man was out there saying "fuck your conceptions about gender" and I took notice lol.', '14qv3b6'], ['u/hirudoredo', 32, '2023-07-05 05:29', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpqq8z/', 'I am absolutely dying at OH MY GOD being the big unifier across all labels and identities. Tbf, when I was asked on the survey, it was the only "queerish" song I could think of off the top of my head. I\'m sure I wasn\'t alone, lol. That song is GAY.', '14qv3b6'], ['u/mixedbagofdisaster', 47, '2023-07-05 05:35', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpra44/', 'I didn’t take the survey, but as a genderqueer person with Stray Kids as an ultimate group and Suga as an ultimate bias I am dismayed to find out that I apparently have been a stereotype this entire time. This feels so targeted 😭😭😭', '14qv3b6'], ['u/anticoolgeek', 37, '2023-07-05 05:44', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqps578/', '>Queerest Songs\n\n>1. (G)I-dle - Oh my god\n>2. Moonbyul ft. Seori - Shutdown\n>3. Chuu (ex-Loona) - Heart Attack\n\n…Yes.', '14qv3b6'], ['u/Cynorgi', 31, '2023-07-05 06:47', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqpy4i2/', "Shutdown is definitely the most explicitly queer song out of the ones listed. I mean it's literally about going down on someone with clear female anatomy and the music video is definitely not about a pair of platonic gal pals. \n\nShe knows. They know. We know. \n\nShoutout to Goodbye for having a music video with an implied past wlw relationship too.", '14qv3b6'], ['u/mars-ing', 14, '2023-07-05 08:22', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqq63iw/', "I didn't take this survey but as a queer army who's now getting into stray kids with yoongi and chan as my biases I'm so glad to see once again that none of my lived experiences are unique lmao", '14qv3b6'], ['u/aragorn-son-of', 13, '2023-07-05 13:59', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqqvzsl/', 'I feel so called out as a person whose ult biases are Suga and Lee Know...', '14qv3b6'], ['u/anonourmouse', 12, '2023-07-05 14:13', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqqxfrk/', 'I wasn’t too surprised because Suga and Lee Know topped last year’s list too, but I do remember being surprised last year at just how popular Suga in particular was compared to the other top ults. I honestly don’t have an answer for their popularity, even as a queer who is bias wrecked by Lee Know myself, lol. I think it may partially be because he (and Suga and a few other top ults) have a sort of…”catboy” vibe? Personally I really like his tsundere personality, he seems quite intimidating but in reality is a huge softie which is very endearing to me. I don’t know enough about Suga to know if that applies to him as well, maybe an Army can help with that?\n\nAlso, the yellow cells are entries that didn’t appear in last year’s survey.', '14qv3b6'], ['u/anonourmouse', 20, '2023-07-05 14:41', 'https://www.reddit.com/r/kpopthoughts/comments/14qv3b6/queer_kpop_fans_survey_2023_the_results_are_in/jqr0h3s/', 'They’re types of xeno identities. From the Nonbinary Wiki:\n\n> Some nonbinary people find it easier to perceive or describe their inner sense of their gender identity by evoking familiar archetypes. Instead of giving references to how their gender relates to maleness and femaleness, they say their gender is-- or is like-- a kind of animal, an imaginary being, a part of nature, an abstract concept, or a symbol. Some nonbinary people describing their gender this way do so because they feel a sense of gender euphoria or some other connection when thinking about an object. \n\nXeno attraction is basically attraction to non-human people/entities. \n\nUsually people with xeno identities are quite young, so I don’t personally agree with mocking or insulting them. Unfortunately queerphobes have latched onto xeno identities and made them the brunt of most of their anti-queer jokes — if you go to r/onejoke (if it’s even still open) you’ll see what I mean — which has made people who genuinely identify as xeno identities pariahs in the queer community. Honestly I think people can and should identify however they want to, but it does need to be acknowledged that xeno identities are not generally taken seriously by the queer or cishet communities, and that they ultimately prevent someone from being part of a queer community, which arguably does them more harm than good. (Sorry this got a bit preachy, lol)', '14qv3b6']]], ['u/Puppyofparkave', 'Old memories with great new ones to come! 🚀🇺🇸', 99, '2023-07-05 02:40', 'https://www.reddit.com/r/Bitcoin/comments/14qvqzk/old_memories_with_great_new_ones_to_come/', 'BTC G.O.A.T 🐐', 'https://i.redd.it/vvvx1b6tl1ab1.jpg', '14qvqzk', [['u/Hederanomics', 11, '2023-07-05 03:47', 'https://www.reddit.com/r/Bitcoin/comments/14qvqzk/old_memories_with_great_new_ones_to_come/jqpfvrd/', 'make another screen shot when btc hits 640k usd :)', '14qvqzk'], ['u/DumbestBoy', 29, '2023-07-05 05:18', 'https://www.reddit.com/r/Bitcoin/comments/14qvqzk/old_memories_with_great_new_ones_to_come/jqppipw/', 'I’m old enough to remember the 60s.', '14qvqzk']]], ['u/NewLittleAlienGuy', 'How Did You Find Out About Bitcoin?', 20, '2023-07-05 03:35', 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/', "Was recently discussing with some friends how I began my journey into Bitcoin and we got to wondering how most people about it, what their story is etc. So, what's yours?\n\nAlso, one of my buddies mentioned this website, said he believes it. Honestly, it makes a lot of sense to me... www.therealsatoshi.net\n\nOh, if you wondered, probably the funniest story from our discussion was one friend of mine who heard about Bitcoin from his grandpa back in 2014. Apparently his grandpa was a financial advisor, always reads about investments etc online and thought it was interesting, heard the younger generation was into it and asked him about it, so he looked it up. Ironic!", 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/', '14qwtpc', [['u/Boogyin1979', 19, '2023-07-05 03:50', 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/jqpg98u/', 'One of my sons started mining in 2013. As anyone with kids knows: there comes a time when parents and kids start to drift apart. Getting involved with BTC was initially an effort to spend more time with him and it’s something we continue to bond over.', '14qwtpc'], ['u/Eddybitcoin', 17, '2023-07-05 06:02', 'https://www.reddit.com/r/Bitcoin/comments/14qwtpc/how_did_you_find_out_about_bitcoin/jqptwmo/', 'My gf cheated on me so I kept the rest of our money and bought Bitcoin 10 years ago. Best breakup ever.', '14qwtpc']]], ['u/Brilliant-Gate-6169', "Here's 100k. What would you do?", 10, '2023-07-05 05:26', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/', "Ok.... so let's say you won 100k (You already have some additional savings and emergency fund, so you can take a risk). How will you spend / invest it? \n\n1) Place it all in an interest account earning you 5% p.a \n2) Buy an investment property \n3) Invest it in crypto - mainly bitcoin and some other alt coins \n4) Invest it all in ETFs\n5) Purchase Australian stocks \n6) Pay of your HECS / other debts \n7) Take a few months of work and travel the world \n\nYou can only chose 1 option - let me know what you would chose :)", 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/', '14qyy7m', [['u/kwoahyou', 37, '2023-07-05 05:51', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpsudk/', 'I’d throw it in my offset. Outside of that, I’d throw it all into VGS and continue life.\n\nWould probably set $5-10k aside and holiday or buy something nice with it.', '14qyy7m'], ['u/babyfireby30', 14, '2023-07-05 05:53', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpt22z/', "My partner would want to put it to the mortgage, and I would want to put it to ETFs. Maybe we'd go 50:50 so we'd each be happy.", '14qyy7m'], ['u/the_artful_breeder', 11, '2023-07-05 05:54', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpt5hs/', '7. Easy.', '14qyy7m'], ['u/snrubovic', 14, '2023-07-05 07:00', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqpz9l0/', 'If you had a taxable income over 45k, another option is super. \n\nEach dollar contributed in the 34.5% tax bracket (including Medicare levy) gives you an instant 29.77% return, so if you had the amount available in unused former years, you could give up 50k and end up with 65k worth of super and still have 50k left from your original 100k. Not a bad way to get even more free money.', '14qyy7m'], ['u/stereothegreat', 42, '2023-07-05 10:17', 'https://www.reddit.com/r/fiaustralia/comments/14qyy7m/heres_100k_what_would_you_do/jqqeptf/', 'As the rule was you can only choose one option, you have failed and the money has been taken away from you. You get nothing.', '14qyy7m']]], ['u/PoeCollector', '10 Ways to Lose your Bitcoin: A Retrospective', 143, '2023-07-05 05:40', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/', ' \n\nI\'ve been around a while, and I was thinking today about the myriad of ways people have been separated from their coins over the years. Off the top of my head:\n\n1. Internet Theft \nYour money was stolen by thieves via an insecure hot wallet, malware, a clever phishing scheme, or otherwise unwittingly exposing your keys to the internet.\n2. You Forgot \nYou lost or forgot keys, passphrases, hidden seed locations, etc. Perhaps you threw an old hard drive away. Or possibly, you had an overcomplicated "high security" setup you neglected to document.\n3. Counterparty bankruptcy \nYou left coins on an exchange or other custodian that went bankrupt.\n4. Altcoin Hype \nAmidst the narrative that some newer, more innovative coin may well overtake bitcoin, you "diversified" into altcoins. In 2017, this was the market-savvy view and there was enormous hype.\n5. Yield Farming Bubble \nYou wanted MORE bitcoin for your bitcoin. 12% guaranteed interest? What could go wrong? See #3 for the answer.\n6. Paper Bitcoin Wallet hack \nPaper wallets were popular before hardware wallets became the norm. But you used the popular bitcoin paper wallet site after it was sold and then altered by thieves to produce compromised wallets.\n7. Hard Forks \nYou sided with a bitcoin fork, and therefore ended up trading BTC for a comparatively worthless coin.\n8. Panic Sold \nThe price crashed (again) and you sold at the bottom, only for it to reach a new all time high later.\n9. Propaganda \nYou sold for moral reasons, after buying into mainstream negative press about bitcoin. It will boil the ocean. It\'s used by criminals. It\'s for right-wing extremists. Etc.\n10. Impatience \nYou didn\'t get rich quick enough, so you sold to buy whatever someone told you is the next big thing.\n\nFor those who fell to any of these and more, my heart goes out to you. For me, #4 got me. I had that Web 3.0, flippening, tech startup mentality, before eventually becoming a toxic bitcoin maximalist.\n\nWhenever people say bitcoin holders didn\'t have to do anything, technically they are correct. But just look at all the things they had to avoid doing.\n\nWhat did I miss? Which of these got you?', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/', '14qz79p', [['u/xBram', 11, '2023-07-05 06:03', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/jqpu1ru/', '1,2,3,4,8,10', '14qz79p'], ['u/Kogry92', 31, '2023-07-05 09:11', 'https://www.reddit.com/r/Bitcoin/comments/14qz79p/10_ways_to_lose_your_bitcoin_a_retrospective/jqq9vrk/', '11: Confidently sold everything with 4x $ return in 2013.', '14qz79p']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, July 05, 2023', 22, '2023-07-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/', '14qzkhw', [['u/Yodel_And_Hodl_Mode', 17, '2023-07-05 08:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqq8gre/', 'The countdown is on. 9.5 months-ish until the next halving. Plus 4 to 6 until the next supply shock kicks off the next bull run in force.\n\nUse this time wisely.', '14qzkhw'], ['u/_supert_', 16, '2023-07-05 11:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqqiv62/', 'The lack of front-running previous halvings is what finally persuaded me efficient markets is just wrong.', '14qzkhw'], ['u/Magikarpeles', 15, '2023-07-05 11:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqqj5uy/', '>Use this time wisely.\n\nDoes being stoned 24/7 count', '14qzkhw'], ['u/imissusenet', 10, '2023-07-05 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqrvzqt/', 'Never below $27750 again, as I have an order at $27744.', '14qzkhw'], ['u/dopeboyrico', 21, '2023-07-05 18:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqrzm72/', 'BTC held on exchanges it at its lowest level since March 2018. You love to see it.', '14qzkhw'], ['u/jpdoctor', 10, '2023-07-05 19:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/14qzkhw/daily_discussion_wednesday_july_05_2023/jqs89lx/', "Anyone notice the ruble is tumbling? I'm a little surprised there isn't more of a btc price bump just from that, but perhaps Vlad has successfully closed off all btc purchasing paths inside mother russia.", '14qzkhw']]], ['u/rBitcoinMod', 'Daily Discussion, July 05, 2023', 39, '2023-07-05 08:02', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14q6ni1/daily_discussion_july_04_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/', '14r1s6r', [['u/Llonga', 23, '2023-07-05 11:29', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqqjtuk/', 'For me, the race is on. Halving in under 300 days, trillion dollar institutions knocking on the door, supply on exchanges falling to all time lows. Stack hard, because it probably won’t be like this again. 30k is cheap, people.', '14r1s6r'], ['u/NectarineDirect936', 11, '2023-07-05 16:13', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqrbt4p/', "Most of us don't care", '14r1s6r'], ['u/BuiltToSpinback', 11, '2023-07-05 17:43', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqromge/', 'just went in again... hard', '14r1s6r'], ['u/understepped', 12, '2023-07-05 17:58', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqrqwef/', 'get ready for a sudden unexpected 30% price drop.', '14r1s6r'], ['u/BuiltToSpinback', 10, '2023-07-05 18:01', 'https://www.reddit.com/r/Bitcoin/comments/14r1s6r/daily_discussion_july_05_2023/jqrrbq0/', "I hope y'all can appreciate the sacrifice with your fiat at the ready", '14r1s6r']]], ['u/WaywardxPuggle', 'Suggestions on how Australians can buy Bitcoin in Australia', 18, '2023-07-05 10:06', 'https://www.reddit.com/r/Bitcoin/comments/14r42q9/suggestions_on_how_australians_can_buy_bitcoin_in/', "As far as I can tell, almost all the on ramps to crypto exchanges have obstacles to Australians buying Bitcoin. The big Australian banks are making it very difficult to send any significant amount of fiat to a crypto exchange. The equities and crypto exchanges like Interactive Brokers where one probably would be able to send fiat currency won't sell to Australians. Etorro won't let Australian investors self custody. Commonwealth bank is not only holding fiat but says it may only allow 10k a month to go to a crypto exchange. Australians are running out of options to buy BTC which of course is the whole aim of traditional finance. An effective Chokepoint like is taking place in the US.\n\nAnyway the above problems is not an exhaustive list. Any suggestions on how to freely send fiat to crypto exchanges?\n\nThanks", 'https://www.reddit.com/r/Bitcoin/comments/14r42q9/suggestions_on_how_australians_can_buy_bitcoin_in/', '14r42q9', [['u/Aussiehash', 11, '2023-07-05 10:34', 'https://www.reddit.com/r/Bitcoin/comments/14r42q9/suggestions_on_how_australians_can_buy_bitcoin_in/jqqfy5q/', '* IndependentReserve\n* BTCMarkets\n* Bitaroo', '14r42q9']]], ['u/KieveKRS', 'Why The Cold Fates Laugh ~ pt.3', 115, '2023-07-05 11:01', 'https://www.reddit.com/r/HFY/comments/14r52tl/why_the_cold_fates_laugh_pt3/', '>[̉](https://i.imgur.com/JQqDruS.png) [◄◄First](https://redd.it/14qe93q) ║ [◄Prev](https://redd.it/14qe9xt) ║ [Next►](https://redd.it/14s7ebi)\n\n---\n\nMerra stormed into her quarters and hurled her empty serata mug at the wall. The durable alloy clanged off the paneling, neither of them worse for the wear in spite of her frustration. Snarling a stream of half-baked K\'thari epithets, she collapsed face-first into her bowl cushion. The tirade ended with a muffled scream.\n\nShe\'d made a complete fool of herself to the human, Baxter. Twice. The last two hours had been an utter spacewreck and good sense suggested she cut her losses, curl up for what remained of the diurn, and pray to the Cold Fates that tomorrow would be better.\n\nTomorrow… Tomorrow, the Leon\'s Pride was scheduled to depart, and Baxter with it. The source of her embarrassment would be gone, and her friends would be none the wiser. She wouldn\'t have to endure Shealin\'s suggestive barbs over a human, or Chiiki\'s teasing remarks about her rant in the cafe yesterday. It would be so simple to sequester herself and let the diurn\'s misery blow past.\n\nSo why couldn\'t she let it go?\n\nThe K\'thari turned over, staring at the ceiling as she tried to call the tangled, thrashing mess in her head to order. True, she had enjoyed her outing with Baxter — up to the point where her clumsy mistake had brought it all crashing down — but he was making his exit even then. He had admitted, to her surprise, that he was attracted to her, but declared firmly in the same breath that he was not interested in courting her. Which suited her well, since she had absolutely zero interest in taking a human into her bed.\n\n…Was that why? Did the declaration somehow mark him as "safe?"\n\nDid it really matter?\n\nA soft beep from her hip nearly earned her pad the same fate as the mug, but she hesitated long enough to see what had woken the device. A message notification from Chiiki blinked at her.\n\n\\[@CTverri\\]: didnt see u 2d. u ok?\n\nHer claws tapped a reply on the pad\'s screen.\n\n\\[@MRasas\\]: Just fine. Went for a drink after work. \n\\[@CTverri\\]: ooh! wuz he cute? \n\\[@MRasas\\]: Chii! Why is that your first thought? \n\\[@CTverri\\]: u cant fool me, mer. \n\\[@CTverri\\]: … so … ? \n\\[@MRasas\\]: He\'s off the last freighter that I docked. \n\\[@MRasas\\]: It departs first diurn tomorrow so don\'t read into it. \n\\[@CTverri\\]: when ur done u gotta tell me how he was \n\\[@MRasas\\]: BTCF Chii! I\'m not screwing him! \n\\[@CTverri\\]: \\-yet! \n\\[@MRasas\\]: prrata olenu vaas. \n\\[AutoTL(KTH)\\]: <Go fuck yourself> \n\\[@MRasas\\]: …I forgot it does that. \n\\[@CTverri\\] is laughing! \n\\[@CTverri\\]: k u go have fun! try not 2 wear him out! \n\\[@CTverri\\] has logged off\n\nSex. Why was it always sex when it came to humans? Was that really all they were good for?\n\nNo, she decided, there\'s more to them than that. More to him, at least. The K\'thari closed her eyes and inhaled deeply. She wanted to see Baxter again. Perhaps it was because he wasn\'t one of Shealin\'s poor attempts to set her up. Perhaps it was the way they traded quips and jests with such ease. Perhaps she was just lonely, and tired of nursing cycle after cycle of bitterness.\n\nShe set her pad aside, casting another empty glare at the ceiling panels. Whatever the reason, she couldn\'t get him off her mind.\n\nMerra pulled herself out of the cushion and paced the small confines of her five-meter-square quarters. It would take him a bit of time to return to his ship and change clothes. She could meet him in the arboretum, but who knew how long she might be waiting, with no guarantee he\'d actually appear. No, better to be direct — she\'d just go to the StaSec checkpoint for the docking bay and wait there. Maybe invite him to dinner to apologize for dousing his uniform in alcohol.\n\nAs the khaki-furred feline browsed through her wardrobe, she pointedly ignored the little voice in her head that kept wanting to use the word "date."\n\n╞════════════════───────────────────\n\nSex. Baxter sighed heavily, shooing away the thought like a pesky insect. It was wasted effort — resisting the idea only made it more persis... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin was holding steady about about $30.5K – unmoved by upbeat crypto comments by BlackRock CEO Larry Fink\'s\nInsights:Pita Limjaroenrat, a candidate to become Thailand\'s next prime minister, owns crypto. What does his disclosure say about politicians and crypto?\nCoinDesk Market Index (CMI)\n1,247\n−14.9▼1.2%\nBitcoin (BTC)\n$30,463\n−360.5▼1.2%\nEthereum (ETH)\n$1,910\n−29.9▼1.5%\nS&P 500\n4,446.82\n−8.8▼0.2%\nGold\n$1,924\n+1.8▲0.1%\nNikkei 225\n33,338.70\n−83.8▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,247", "\\u221214.9\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,463", "\\u2212360.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,910", "\\u221229.9\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,446.82", "\\u22128.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,924", "+1.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,338.70", "\\u221283.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Through Good and Bad\nThe end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank\'s current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,465, down slightly more than a percentage point over the past 24 hours. After surging above $31,000 in mid-June following multiple spot bitcoin ETF filings, BTC has remained mostly impervious to potential price catalysts, even as investor sentiment has brightened.\nIn an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year.\n"We could be looking at that same period of stability around about now. Indeed, bitcoin has remained relatively stable over the past three months ranging between $28,000 and its current level of just below $31,000," Frost wrote. "If we were to see a few more months of this, this would set the stage for a much more optimistic period in terms of price."\nFrost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion. He also noted that the SEC was allowing bankrupt crypto lending platform Celsius to sell altcoins for bitcoin and ether that it can then distribute to creditors and other clients.\nRead More:Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks\n"We really are seeing a clearing of the decks in cryptocurrency," Frost wrote, "and regulation is creating a landscape that will make it easier for everybody to operate. This, combined with some more stable and promising price signals, means that now may be a very good time to think long term.”\nEther was recently changing hands at $1,910, off 1.5% from Tuesday, same time. Other major cryptos spent much of the day in the red with ADA, the token of smart contracts platform Cardano, declining 3%. Litecoin, and popular meme coins DOGE and SHIB all recently dropped more than 2%. STORJ, the native crypto of the Storj cloud storage platform, rose more than 40% earlier in the day, but relinquished its gains to trade down 20% from a day ago.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently down 1.3%.\nU.S. stocks edged down with the tech-heavy Nasdaq Composite and S&P 500 falling 0.3% and 0.2%, despite Fed minutes showing some officials favoring a June rate hike. Central bankers have been wrestling with how to continue addressing annual inflation, which remains more than double their 2% goal without casting the U.S. economy into recession. The bank seemed to forge a compromise at its last meetingby haltingits year-long diet of rate hikes while indicating in subsequent comments that it would pass two more rate hikes in 2023. The U.S. Labor Department will announce its nextConsumer Price index on July 12, giving economic observers their next key read on price trends.\nIn recent months, equity and crypto prices have increasingly decoupled,a trend underscoredby recent data from derivatives analytics firm Block Scholes.\nLate Wednesday, BlackRock CEO Larry Fink seemed to buoy crypto markets\' prospects, telling Fox Business in an interview that crypto "could revolutionize finance." Last month, BlackRock, the world\'s largest asset manager, applied for a spot bitcoin ETF, spurring a mini-run of filings and re-filings with the Securities and Exchange Commission (SEC) by other prominent, financial services firms. The SEC has yet to approve a spot BTC ETF.\nRead More:BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’\n“We believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said, adding: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”\nBitcoin traded sideways in the subsequent hours.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nThai PM Hopeful Owns Cryptocurrency. Why Does It Matter?\nPita Limjaroenrat, the leader of Thailand’s Move Forward Party, and contender for Prime Minister, holds crypto,according to disclosures filed.\nNow to be sure, he doesn’t own a ton of crypto and has way more traditional finance assets.\nThe cumulative thousands of dollars worth of crypto, split between bitcoin (BTC), ether (ETH), BNB, and Cardano (ADA) is only a fraction of his total net worth of 64,283,544 THB ($1.84 million), and heowns significantly more land and equities.\nAll this is interesting because now Pita joins the ranks of politicians holding crypto. In the United States,a total of eightmembers of Congress hold crypto, or shares in Grayscale’s Bitcoin Trust, according toBitcoinpoliticians.org, which tracks holdings based on financial disclosures. In Korea, one elected representative was referred to theirparliamentary ethics committeeafter he disclosed that he owns a “significant amount of coins”, with a large holding consisting of GameFi platformWeMIX tokens.\nTo put into perspective how mainstream crypto is in Thailand, the Move Forward Party wasn’t “the” crypto party in the country’s recent elections. That honor goes to the Pheu Thai party, one of the other parties to form a governing coalition. The Pheu Thai partypromised an airdropof 10,000 THB (around $300) to every Thai citizen, although the Move Forward Party did make promises about integrating blockchain into government affairs to increase transparency.\nPita isn’t Prime Minister quite yet. Thai political procedure requires the House of Representatives and Senateto vote on who will be prime minister, and that could be an uphill battle.\nBut there is a chance that an elected leader of a major country in Asia will also be a bitcoin hodler. Isn’t that a sign of the times?\n8:15 p.m. HKT/SGT(12:15 p.m. UTC):ADP Employment Change Report (June)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. Continuing Jobless Claims (June 23)\n10 p.m. HKT/SGT(2 p.m. UTC):JOLTS Jobs Openings (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Bitcoin ETF Application Refiled; Michael Moro Takes Helm of New Crypto Derivatives Exchange\nThe Nasdaq exchange has refiled its application to list BlackRock\'s proposed bitcoin exchange-traded fund. Matrixport head of research and strategy Markus Thielen shared his crypto markets analysis. Michael Moro, the former CEO of Genesis Trading, joined "First Mover" to discuss taking the helm of a new cryptocurrency derivatives exchange called Ankex. DCG owns Genesis and CoinDesk. And, TRM Labs head of legal and government affairs Ari Redbord weighed in on the state of the elicit crypto ecosystem.\nBitcoin Remains Range-Bound, Despite Bullish Sentiment:Bitcoin prices have paused with support at $30,000\nNFT Creator Royalty Payments Hit Two-Year Low: Nansen:The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space.\nHollywood Legend Steve McQueen Honored as \'King of Cool\' in New NFT Collection:The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor\'s love of motorcycle racing.\nCrypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges:The decentralized cloud storage protocol has seen its market value double this week.\nBitcoin Prices Are Hot, but Here’s What Could Crush the Rally:BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin was holding steady about about $30.5K – unmoved by upbeat crypto comments by BlackRock CEO Larry Fink\'s\nInsights:Pita Limjaroenrat, a candidate to become Thailand\'s next prime minister, owns crypto. What does his disclosure say about politicians and crypto?\nCoinDesk Market Index (CMI)\n1,247\n−14.9▼1.2%\nBitcoin (BTC)\n$30,463\n−360.5▼1.2%\nEthereum (ETH)\n$1,910\n−29.9▼1.5%\nS&P 500\n4,446.82\n−8.8▼0.2%\nGold\n$1,924\n+1.8▲0.1%\nNikkei 225\n33,338.70\n−83.8▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,247", "\\u221214.9\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,463", "\\u2212360.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,910", "\\u221229.9\\u25bc1.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,446.82", "\\u22128.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,924", "+1.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,338.70", "\\u221283.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Through Good and Bad\nThe end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank\'s current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000.\nThe largest cryptocurrency by market capitalization was recently trading at about $30,465, down slightly more than a percentage point over the past 24 hours. After surging above $31,000 in mid-June following multiple spot bitcoin ETF filings, BTC has remained mostly impervious to potential price catalysts, even as investor sentiment has brightened.\nIn an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year.\n"We could be looking at that same period of stability around about now. Indeed, bitcoin has remained relatively stable over the past three months ranging between $28,000 and its current level of just below $31,000," Frost wrote. "If we were to see a few more months of this, this would set the stage for a much more optimistic period in terms of price."\nFrost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion. He also noted that the SEC was allowing bankrupt crypto lending platform Celsius to sell altcoins for bitcoin and ether that it can then distribute to creditors and other clients.\nRead More:Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks\n"We really are seeing a clearing of the decks in cryptocurrency," Frost wrote, "and regulation is creating a landscape that will make it easier for everybody to operate. This, combined with some more stable and promising price signals, means that now may be a very good time to think long term.”\nEther was recently changing hands at $1,910, off 1.5% from Tuesday, same time. Other major cryptos spent much of the day in the red with ADA, the token of smart contracts platform Cardano, declining 3%. Litecoin, and popular meme coins DOGE and SHIB all recently dropped more than 2%. STORJ, the native crypto of the Storj cloud storage platform, rose more than 40% earlier in the day, but relinquished its gains to trade down 20% from a day ago.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently down 1.3%.\nU.S. stocks edged down with the tech-heavy Nasdaq Composite and S&P 500 falling 0.3% and 0.2%, despite Fed minutes showing some officials favoring a June rate hike. Central bankers have been wrestling with how to continue addressing annual inflation, which remains more than double their 2% goal without casting the U.S. economy into recession. The bank seemed to forge a compromise at its last meetingby haltingits year-long diet of rate hikes while indicating in subsequent comments that it would pass two more rate hikes in 2023. The U.S. Labor Department will announce its nextConsumer Price index on July 12, giving economic observers their next key read on price trends.\nIn recent months, equity and crypto prices have increasingly decoupled,a trend underscoredby recent data from derivatives analytics firm Block Scholes.\nLate Wednesday, BlackRock CEO Larry Fink seemed to buoy crypto markets\' prospects, telling Fox Business in an interview that crypto "could revolutionize finance." Last month, BlackRock, the world\'s largest asset manager, applied for a spot bitcoin ETF, spurring a mini-run of filings and re-filings with the Securities and Exchange Commission (SEC) by other prominent, financial services firms. The SEC has yet to approve a spot BTC ETF.\nRead More:BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’\n“We believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said, adding: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”\nBitcoin traded sideways in the subsequent hours.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.1%", "DACS Sector": "Entertainment"}]\nThai PM Hopeful Owns Cryptocurrency. Why Does It Matter?\nPita Limjaroenrat, the leader of Thailand’s Move Forward Party, and contender for Prime Minister, holds crypto,according to disclosures filed.\nNow to be sure, he doesn’t own a ton of crypto and has way more traditional finance assets.\nThe cumulative thousands of dollars worth of crypto, split between bitcoin (BTC), ether (ETH), BNB, and Cardano (ADA) is only a fraction of his total net worth of 64,283,544 THB ($1.84 million), and heowns significantly more land and equities.\nAll this is interesting because now Pita joins the ranks of politicians holding crypto. In the United States,a total of eightmembers of Congress hold crypto, or shares in Grayscale’s Bitcoin Trust, according toBitcoinpoliticians.org, which tracks holdings based on financial disclosures. In Korea, one elected representative was referred to theirparliamentary ethics committeeafter he disclosed that he owns a “significant amount of coins”, with a large holding consisting of GameFi platformWeMIX tokens.\nTo put into perspective how mainstream crypto is in Thailand, the Move Forward Party wasn’t “the” crypto party in the country’s recent elections. That honor goes to the Pheu Thai party, one of the other parties to form a governing coalition. The Pheu Thai partypromised an airdropof 10,000 THB (around $300) to every Thai citizen, although the Move Forward Party did make promises about integrating blockchain into government affairs to increase transparency.\nPita isn’t Prime Minister quite yet. Thai political procedure requires the House of Representatives and Senateto vote on who will be prime minister, and that could be an uphill battle.\nBut there is a chance that an elected leader of a major country in Asia will also be a bitcoin hodler. Isn’t that a sign of the times?\n8:15 p.m. HKT/SGT(12:15 p.m. UTC):ADP Employment Change Report (June)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. Continuing Jobless Claims (June 23)\n10 p.m. HKT/SGT(2 p.m. UTC):JOLTS Jobs Openings (May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBlackRock Bitcoin ETF Application Refiled; Michael Moro Takes Helm of New Crypto Derivatives Exchange\nThe Nasdaq exchange has refiled its application to list BlackRock\'s proposed bitcoin exchange-traded fund. Matrixport head of research and strategy Markus Thielen shared his crypto markets analysis. Michael Moro, the former CEO of Genesis Trading, joined "First Mover" to discuss taking the helm of a new cryptocurrency derivatives exchange called Ankex. DCG owns Genesis and CoinDesk. And, TRM Labs head of legal and government affairs Ari Redbord weighed in on the state of the elicit crypto ecosystem.\nBitcoin Remains Range-Bound, Despite Bullish Sentiment:Bitcoin prices have paused with support at $30,000\nNFT Creator Royalty Payments Hit Two-Year Low: Nansen:The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space.\nHollywood Legend Steve McQueen Honored as \'King of Cool\' in New NFT Collection:The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor\'s love of motorcycle racing.\nCrypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges:The decentralized cloud storage protocol has seen its market value double this week.\nBitcoin Prices Are Hot, but Here’s What Could Crush the Rally:BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.', 'Good morning. Here’s what’s happening: Prices: Bitcoin was holding steady about about $30.5K – unmoved by upbeat crypto comments by BlackRock CEO Larry Fink\'s Insights: Pita Limjaroenrat, a candidate to become Thailand\'s next prime minister, owns crypto. What does his disclosure say about politicians and crypto? Prices CoinDesk Market Index (CMI) 1,247 −14.9 ▼ 1.2% Bitcoin (BTC) $30,463 −360.5 ▼ 1.2% Ethereum (ETH) $1,910 −29.9 ▼ 1.5% S&P 500 4,446.82 −8.8 ▼ 0.2% Gold $1,924 +1.8 ▲ 0.1% Nikkei 225 33,338.70 −83.8 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,247 −14.9 ▼ 1.2% Bitcoin (BTC) $30,463 −360.5 ▼ 1.2% Ethereum (ETH) $1,910 −29.9 ▼ 1.5% S&P 500 4,446.82 −8.8 ▼ 0.2% Gold $1,924 +1.8 ▲ 0.1% Nikkei 225 33,338.70 −83.8 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Steady Through Good and Bad The end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank\'s current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000. The largest cryptocurrency by market capitalization was recently trading at about $30,465, down slightly more than a percentage point over the past 24 hours. After surging above $31,000 in mid-June following multiple spot bitcoin ETF filings, BTC has remained mostly impervious to potential price catalysts, even as investor sentiment has brightened. In an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year. Story continues "We could be looking at that same period of stability around about now. Indeed, bitcoin has remained relatively stable over the past three months ranging between $28,000 and its current level of just below $31,000," Frost wrote. "If we were to see a few more months of this, this would set the stage for a much more optimistic period in terms of price." Frost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion. He also noted that the SEC was allowing bankrupt crypto lending platform Celsius to sell altcoins for bitcoin and ether that it can then distribute to creditors and other clients. Read More: Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks "We really are seeing a clearing of the decks in cryptocurrency," Frost wrote, "and regulation is creating a landscape that will make it easier for everybody to operate. This, combined with some more stable and promising price signals, means that now may be a very good time to think long term.” Ether was recently changing hands at $1,910, off 1.5% from Tuesday, same time. Other major cryptos spent much of the day in the red with ADA, the token of smart contracts platform Cardano, declining 3%. Litecoin, and popular meme coins DOGE and SHIB all recently dropped more than 2%. STORJ, the native crypto of the Storj cloud storage platform, rose more than 40% earlier in the day, but relinquished its gains to trade down 20% from a day ago. The CoinDesk Market Index , a measure of crypto markets\' overall performance, was recently down 1.3%. U.S. stocks edged down with the tech-heavy Nasdaq Composite and S&P 500 falling 0.3% and 0.2%, despite Fed minutes showing some officials favoring a June rate hike. Central bankers have been wrestling with how to continue addressing annual inflation, which remains more than double their 2% goal without casting the U.S. economy into recession. The bank seemed to forge a compromise at its last meeting by halting its year-long diet of rate hikes while indicating in subsequent comments that it would pass two more rate hikes in 2023. The U.S. Labor Department will announce its next Consumer Price index on July 12 , giving economic observers their next key read on price trends. In recent months, equity and crypto prices have increasingly decoupled, a trend underscored by recent data from derivatives analytics firm Block Scholes. Late Wednesday, BlackRock CEO Larry Fink seemed to buoy crypto markets\' prospects, telling Fox Business in an interview that crypto "could revolutionize finance." Last month, BlackRock, the world\'s largest asset manager, applied for a spot bitcoin ETF, spurring a mini-run of filings and re-filings with the Securities and Exchange Commission (SEC) by other prominent, financial services firms. The SEC has yet to approve a spot BTC ETF. Read More: BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’ “We believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said, adding: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.” Bitcoin traded sideways in the subsequent hours. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −5.9% Smart Contract Platform Polygon MATIC −4.3% Smart Contract Platform Gala GALA −4.1% Entertainment Insights Thai PM Hopeful Owns Cryptocurrency. Why Does It Matter? Pita Limjaroenrat, the leader of Thailand’s Move Forward Party, and contender for Prime Minister, holds crypto, according to disclosures filed . (Isra News Agency) Now to be sure, he doesn’t own a ton of crypto and has way more traditional finance assets. The cumulative thousands of dollars worth of crypto, split between bitcoin (BTC), ether (ETH), BNB, and Cardano (ADA) is only a fraction of his total net worth of 64,283,544 THB ($1.84 million), and he owns significantly more land and equities . All this is interesting because now Pita joins the ranks of politicians holding crypto. In the United States, a total of eight members of Congress hold crypto, or shares in Grayscale’s Bitcoin Trust, according to Bitcoinpoliticians.org , which tracks holdings based on financial disclosures. In Korea, one elected representative was referred to their parliamentary ethics committee after he disclosed that he owns a “significant amount of coins”, with a large holding consisting of GameFi platform WeMIX tokens . To put into perspective how mainstream crypto is in Thailand, the Move Forward Party wasn’t “the” crypto party in the country’s recent elections. That honor goes to the Pheu Thai party, one of the other parties to form a governing coalition. The Pheu Thai party promised an airdrop of 10,000 THB (around $300) to every Thai citizen, although the Move Forward Party did make promises about integrating blockchain into government affairs to increase transparency. Pita isn’t Prime Minister quite yet. Thai political procedure requires the House of Representatives and Senate to vote on who will be prime minister , and that could be an uphill battle. But there is a chance that an elected leader of a major country in Asia will also be a bitcoin hodler. Isn’t that a sign of the times? Important events. 8:15 p.m. HKT/SGT(12:15 p.m. UTC): ADP Employment Change Report (June) 8:30 p.m. HKT/SGT(12:30 p.m. UTC): U.S. Continuing Jobless Claims (June 23) 10 p.m. HKT/SGT(2 p.m. UTC): JOLTS Jobs Openings (May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BlackRock Bitcoin ETF Application Refiled; Michael Moro Takes Helm of New Crypto Derivatives Exchange The Nasdaq exchange has refiled its application to list BlackRock\'s proposed bitcoin exchange-traded fund. Matrixport head of research and strategy Markus Thielen shared his crypto markets analysis. Michael Moro, the former CEO of Genesis Trading, joined "First Mover" to discuss taking the helm of a new cryptocurrency derivatives exchange called Ankex. DCG owns Genesis and CoinDesk. And, TRM Labs head of legal and government affairs Ari Redbord weighed in on the state of the elicit crypto ecosystem. Headlines Bitcoin Remains Range-Bound, Despite Bullish Sentiment: Bitcoin prices have paused with support at $30,000 NFT Creator Royalty Payments Hit Two-Year Low: Nansen: The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space. Hollywood Legend Steve McQueen Honored as \'King of Cool\' in New NFT Collection: The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor\'s love of motorcycle racing. Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges: The decentralized cloud storage protocol has seen its market value double this week. Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally: BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.', 'Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies fell on Thursday morning in Asia as the U.S. public holiday this week slowed trading and some investors seemed to be taking profits off recent gains. Bitcoin is still up 1% for the week, with BlackRock’s head Larry Fink backing the world’s biggest cryptocurrency as having the potential to revolutionize finance. Litecoin and Cardano led the losers.\nBitcoin fell 1.06% over the last 24 hours to US$30,465 at 06:35 a.m. in Hong Kong, while its weekly gain stood at 1.02%, according todatafrom CoinMarketCap. The token, which had a market cap of US$591 billion as of Thursday, has risen 83% so far this year in a rebound from the bear market slump in 2022.\n“Bitcoin is still the main driver of trading volume albeit that is also soft – no doubt linked to the July 4th U.S. public holiday washing through,” said Caroline Bowler, the chief executive officer of Australia-based crypto exchange BTC Markets, in a text message toForkast.\n“We may be seeing the effects of this reduced liquidity and greater asset concentration playing out, with some greater price sensitivities in trading,” Bowler added. “The industry is coming out of the prolonged bear market so this is to be expected.”\nThe price dip came after a run up in many tokens sparked by growing optimism around the possible approval of Bitcoin exchange-traded funds (ETFs) in the U.S., which will open the cryptocurrency to a wider pool of investors.\nBlackRock, the world’s largest asset manager that oversees about US$10 trillion, filed applications to launch the first publicly traded spot Bitcoin ETFs on June 15. It refiled the application on Monday after the regulator, the Securities and Exchange Commission, reportedly said it was lacking in detail.\nLarry Fink, chief executive officer of BlackRock Inc., said Wednesday that he wanted to “democratize” cryptocurrencies with the ETF filings, in an interview with Fox Business. Fink also said Bitcoin is an international asset that could revolutionize finance.\nEther lost 1.55% to US$1,911, though it was holding onto a gain of 4.40% for the past seven days.\nAll other top 10 cryptocurrencies by market capitalization lost ground, with Litecoin and Cardano leading the losing pack.\nLitecoin slipped 3.84% to US$102.19 in what appeared to be profit taking after the token gained ahead of its halving on Aug. 2 and its listing on EDX Markets, the Wall Street-backed crypto exchange in the U.S. that opened on June 20. Litecoin is still up 22.72% on the week.\nCardano’s ADA lost 3.60% to US$0.2843 while adding 5.61% for the week. Today’s correction also seemed linked to profit-taking, even as parent company Input Output Global Inc. on WednesdayreleasedMarlowe, a so-called toolset to build smart contracts on the blockchain.\nThe total cryptocurrency market cap fell 1.32% to US$1.19 trillion in the last 24 hours, while crypto trading volume rose 0.58% to US$31.27 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 0.96% in the 24 hours to 07:30 a.m. in Hong Kong to 2,801.94, but logged a loss of 1.72% for the week. While the Forkast Ethereum NFT index rose, the indexes measuring the performance of Solana, Polygon and Cardano-based NFT markets all declined.\nInvestors remain basically pessimistic, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Forkast 500 NFT Index is up almost 1%, though still has traders wondering if this is a dead cat bounce, or if there is enough value with these discounted NFT prices that collections have fallen to recently,” Petscher said. “Most are betting this is not the bottom, and a new update from the Blur marketplace has traders worried.”\nBlur marketplace took the NFT world by storm when it launched last November, and its 30-day trading volumesurpassedprevious NFT leader OpenSea in February. Blur picked up more steam when it launchedBlend, a peer-to-peer lending protocol for NFTs on May 2.\nBlur is expanding its popular reward system that distributes $Blur tokens to users that have met certain criteria as “airdrops,” but Petscher says this could be bad news for NFTs overall.\n“\u200b\u200bBlur is introducing rewards for trait offers, which means traders who bid on specific NFT traits on select projects will receive Blur reward points. These points will contribute to the amount of $Blur tokens that traders will receive at the end of Blur’s season 2 airdrop,” said Petscher.\nThis will lead to morefarmers— buyers that generate income through staking NFTs — to prevail in the market over pure collectors.\n“The concert with the new mechanic is that traders will artificially inflate the rarer NFTs in collections, as you receive more points the higher a bid is from the floor price of the collection,” said Petscher. “We’ll see how the new trait offers affect NFT prices, but it’s expected to continue artificially inflating NFT prices, and then culminate in floor crashes like we saw recently.”\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3.76 million, with the volume surging 74.52% on the day. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — placed second by transactions volume, rising 22.03% to US$1.86 million.\nTotal NFT trading volume dropped 4.61% to US$28.3 million. Volume on Ethereum fell 9.36% to US$19.3 million according to Cryptoslamdata. Volume on the Bitcoin network gained 11.97% to US$3.69 million, while volumes on Polygon, Solana and BNB also rose.\nU.S. stock futures dipped as of 10:45 a.m. Thursday in Hong Kong, pointing to another down day for stocks that fell during regular trading on Wednesday. Futures on the Dow Jones Industrial Average, S&P 500 futures and Nasdaq all declined by about 0.1%.\nMinutes from the Federal Reserve’s June meeting showed most Fed officials favor more interest rate increases this year, adding to the conviction the U.S. will raise rates again this month, according toTrading Economics. This concern hit Asian equities as well.\nHong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all moved lower. China’s Shanghai Composite managed a marginal gain of 0.1% on Thursday.\nU.S. Treasury Secretary Janet Yellen arrives in Beijing on Thursday and investors anticipate that the meetings she will have through July 9 may help stabilize relations between the world’s two largest economies, currently marked by sanctions and distrust.\nOn economic indicators, the U.S. releases initial jobless claims and the services purchasing managers’ index on Thursday.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 88.7% chance for a 25-basis-point rate increase, up from 87.4% on Tuesday. The likelihood the Fed won’t increase is now at 11.3%.\n(Updates to add equities section)', 'Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies fell on Thursday morning in Asia as the U.S. public holiday this week slowed trading and some investors seemed to be taking profits off recent gains. Bitcoin is still up 1% for the week, with BlackRock’s head Larry Fink backing the world’s biggest cryptocurrency as having the potential to revolutionize finance. Litecoin and Cardano led the losers.\nBitcoin fell 1.06% over the last 24 hours to US$30,465 at 06:35 a.m. in Hong Kong, while its weekly gain stood at 1.02%, according todatafrom CoinMarketCap. The token, which had a market cap of US$591 billion as of Thursday, has risen 83% so far this year in a rebound from the bear market slump in 2022.\n“Bitcoin is still the main driver of trading volume albeit that is also soft – no doubt linked to the July 4th U.S. public holiday washing through,” said Caroline Bowler, the chief executive officer of Australia-based crypto exchange BTC Markets, in a text message toForkast.\n“We may be seeing the effects of this reduced liquidity and greater asset concentration playing out, with some greater price sensitivities in trading,” Bowler added. “The industry is coming out of the prolonged bear market so this is to be expected.”\nThe price dip came after a run up in many tokens sparked by growing optimism around the possible approval of Bitcoin exchange-traded funds (ETFs) in the U.S., which will open the cryptocurrency to a wider pool of investors.\nBlackRock, the world’s largest asset manager that oversees about US$10 trillion, filed applications to launch the first publicly traded spot Bitcoin ETFs on June 15. It refiled the application on Monday after the regulator, the Securities and Exchange Commission, reportedly said it was lacking in detail.\nLarry Fink, chief executive officer of BlackRock Inc., said Wednesday that he wanted to “democratize” cryptocurrencies with the ETF filings, in an interview with Fox Business. Fink also said Bitcoin is an international asset that could revolutionize finance.\nEther lost 1.55% to US$1,911, though it was holding onto a gain of 4.40% for the past seven days.\nAll other top 10 cryptocurrencies by market capitalization lost ground, with Litecoin and Cardano leading the losing pack.\nLitecoin slipped 3.84% to US$102.19 in what appeared to be profit taking after the token gained ahead of its halving on Aug. 2 and its listing on EDX Markets, the Wall Street-backed crypto exchange in the U.S. that opened on June 20. Litecoin is still up 22.72% on the week.\nCardano’s ADA lost 3.60% to US$0.2843 while adding 5.61% for the week. Today’s correction also seemed linked to profit-taking, even as parent company Input Output Global Inc. on WednesdayreleasedMarlowe, a so-called toolset to build smart contracts on the blockchain.\nThe total cryptocurrency market cap fell 1.32% to US$1.19 trillion in the last 24 hours, while crypto trading volume rose 0.58% to US$31.27 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe Forkast 500 NFT index rose 0.96% in the 24 hours to 07:30 a.m. in Hong Kong to 2,801.94, but logged a loss of 1.72% for the week. While the Forkast Ethereum NFT index rose, the indexes measuring the performance of Solana, Polygon and Cardano-based NFT markets all declined.\nInvestors remain basically pessimistic, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\n“Forkast 500 NFT Index is up almost 1%, though still has traders wondering if this is a dead cat bounce, or if there is enough value with these discounted NFT prices that collections have fallen to recently,” Petscher said. “Most are betting this is not the bottom, and a new update from the Blur marketplace has traders worried.”\nBlur marketplace took the NFT world by storm when it launched last November, and its 30-day trading volumesurpassedprevious NFT leader OpenSea in February. Blur picked up more steam when it launchedBlend, a peer-to-peer lending protocol for NFTs on May 2.\nBlur is expanding its popular reward system that distributes $Blur tokens to users that have met certain criteria as “airdrops,” but Petscher says this could be bad news for NFTs overall.\n“\u200b\u200bBlur is introducing rewards for trait offers, which means traders who bid on specific NFT traits on select projects will receive Blur reward points. These points will contribute to the amount of $Blur tokens that traders will receive at the end of Blur’s season 2 airdrop,” said Petscher.\nThis will lead to morefarmers— buyers that generate income through staking NFTs — to prevail in the market over pure collectors.\n“The concert with the new mechanic is that traders will artificially inflate the rarer NFTs in collections, as you receive more points the higher a bid is from the floor price of the collection,” said Petscher. “We’ll see how the new trait offers affect NFT prices, but it’s expected to continue artificially inflating NFT prices, and then culminate in floor crashes like we saw recently.”\nBy NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3.76 million, with the volume surging 74.52% on the day. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — placed second by transactions volume, rising 22.03% to US$1.86 million.\nTotal NFT trading volume dropped 4.61% to US$28.3 million. Volume on Ethereum fell 9.36% to US$19.3 million according to Cryptoslamdata. Volume on the Bitcoin network gained 11.97% to US$3.69 million, while volumes on Polygon, Solana and BNB also rose.\nU.S. stock futures dipped as of 10:45 a.m. Thursday in Hong Kong, pointing to another down day for stocks that fell during regular trading on Wednesday. Futures on the Dow Jones Industrial Average, S&P 500 futures and Nasdaq all declined by about 0.1%.\nMinutes from the Federal Reserve’s June meeting showed most Fed officials favor more interest rate increases this year, adding to the conviction the U.S. will raise rates again this month, according toTrading Economics. This concern hit Asian equities as well.\nHong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all moved lower. China’s Shanghai Composite managed a marginal gain of 0.1% on Thursday.\nU.S. Treasury Secretary Janet Yellen arrives in Beijing on Thursday and investors anticipate that the meetings she will have through July 9 may help stabilize relations between the world’s two largest economies, currently marked by sanctions and distrust.\nOn economic indicators, the U.S. releases initial jobless claims and the services purchasing managers’ index on Thursday.\nThe Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 88.7% chance for a 25-basis-point rate increase, up from 87.4% on Tuesday. The likelihood the Fed won’t increase is now at 11.3%.\n(Updates to add equities section)', 'By Herbert Lash\nNEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month.\nPrivate payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while the number of Americans filing new claims for unemployment benefits rose moderately last week, the Labor Department said.\nLater, a survey by the Institute for Supply Management (ISM) showed the U.S. services sector grew faster than expected in June as new orders picked up, adding to data indicating a resilient economy in the face of tighter monetary policy.\n"This strong data today has a lot more of a \'good news is bad news\' type feel to it," said Brian Daingerfield, head of G10 FX strategy at NatWest Markets in Stamford, Connecticut.\n"Take it together with how equity markets have responded, that gives a clear picture of the dollar today. Call it a risk-off style move, where the Fed is going to be tightening more and that has negative repercussions for risk."\nFutures markets raised the probability of the Fed hiking interest rates by 25 basis points to 92.4% when policymakers conclude a two-day meeting on July 26, the CME Group\'s FedWatch Tool showed.\nThe yield on two-year Treasuries rose above 5% to their highest in 16 years, while U.S. stocks tumbled on the outlook that rates will stay higher for longer.\nThe dollar index, measuring the U.S. currency against six others including the euro and Japan\'s yen, fell 0.18% to 103.13.\nISM showed a measure of prices paid by businesses fell to more than a three-year low, suggesting inflation would continue to cool, but Fed officials again signaled higher rates ahead.\nDallas Fed President Lorie Logan said she was very concerned "whether inflation will return to target in a sustainable and timely way."\nThe major central banks for the most part are fine-tuning monetary policy, and it is unclear when they will act as they alternate between hiking and pausing interest rates, said Brad Bechtel, global head of FX at Jefferies.\n"Given all these central banks are more or less in the same place in some way, shape or form, the dollar\'s going have a hard time" moving too much one way or the other, he said.\nThe safe-haven Japanese yen strengthened 0.39% versus the greenback at 144.09 as concerns about the global growth outlook, resulting from the aggressive monetary tightening by major central banks, weighed on risk appetite.\nONE DIMENSIONAL\nThe pound hit two-week highs against the euro and dollar as financial markets bet the Bank of England will raise rates to 6.5% early next year, pushing the yield on the two-year UK government bond to its highest since June 2008.\n"The FX market is taking more of a \'one-dimensional approach\' to trading the British disease," said Stephen Gallo, global FX strategist at BMO Capital Markets.\n"Instead of selling GBP in anticipation of an economic slowdown, it is buying GBP on the basis of interest rate differentials," Gallo said.\nThe Chinese yuan last traded down slightly at 7.2575 per dollar in the offshore market, a day after falling about 0.4%. The central bank set a stronger-than-expected midpoint fixing for the fourth straight day this week, which traders believe is an attempt to prevent the yuan from weakening too fast and too far. [CNY/]\nBitcoin hit a 13-month high of $31,500, continuing to find support due to recent plans by fund managers to launch a U.S.-listed spot bitcoin exchange-traded fund (ETF).\nCurrency bid prices at 3:37 p.m. (1937 GMT)\nDescription RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid\nPrevious Change\nSession\nDollar index 103.1300 103.3400 -0.18% -0.348% +103.5700 +102.9100\nEuro/Dollar $1.0884 $1.0853 +0.29% +1.58% +$1.0901 +$1.0834\nDollar/Yen 144.0850 144.6650 -0.39% +9.91% +144.6500 +143.5600\nEuro/Yen 156.82 157.00 -0.11% +11.77% +157.0600 +155.8500\nDollar/Swiss 0.8957 0.8988 -0.32% -3.10% +0.8997 +0.8951\nSterling/Dollar $1.2740 $1.2703 +0.30% +5.35% +$1.2780 +$1.2674\nDollar/Canadian 1.3364 1.3285 +0.60% -1.36% +1.3370 +1.3276\nAussie/Dollar $0.6625 $0.6654 -0.41% -2.79% +$0.6688 +$0.6599\nEuro/Swiss 0.9747 0.9755 -0.08% -1.50% +0.9766 +0.9738\nEuro/Sterling 0.8543 0.8542 +0.01% -3.40% +0.8563 +0.8521\nNZ Dollar/Dollar $0.6158 $0.6179 -0.31% -2.98% +$0.6219 +$0.6133\nDollar/Norway 10.7670 10.6820 +0.81% +9.73% +10.8250 +10.6520\nEuro/Norway 11.7224 11.5894 +1.15% +11.71% +11.7392 +11.5690\nDollar/Sweden 10.9433 10.9373 +0.36% +5.15% +10.9906 +10.9223\nEuro/Sweden 11.9064 11.8636 +0.36% +6.79% +11.9409 +11.8712\n(Reporting by Herbert Lash; Additional reporting by Samuel Indyk in London and Rae Wee in Singapore; Editing by David Holmes, Mark Potter and Richard Chang)', 'By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while the number of Americans filing new claims for unemployment benefits rose moderately last week, the Labor Department said. Later, a survey by the Institute for Supply Management (ISM) showed the U.S. services sector grew faster than expected in June as new orders picked up, adding to data indicating a resilient economy in the face of tighter monetary policy. "This strong data today has a lot more of a \'good news is bad news\' type feel to it," said Brian Daingerfield, head of G10 FX strategy at NatWest Markets in Stamford, Connecticut. "Take it together with how equity markets have responded, that gives a clear picture of the dollar today. Call it a risk-off style move, where the Fed is going to be tightening more and that has negative repercussions for risk." Futures markets raised the probab Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,769,214,438 - Hash Rate: 349951484.25940275 - Transaction Count: 392688.0 - Unique Addresses: 709055.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products - after nine consecutive weeks of outflows, according to a report from European digital asset manager CoinShares. Bitcoin-related products were the primary asset for inflows, seeing $188 million in total, representing 94% of the total flows. Short-bitcoin products saw total outflow of $4.9 million, for the ninth consecutive week, according to the report. This comes after a number of high profile institutions filed for exchange traded funds (ETF) last week and bitcoin (BTC) price hit one-year high . Asset management giant BlackRock filed an application to roll out a spot bitcoin ETF on June 15. There were also re-filings for similar products by well-known TradFi firms such as Invesco and WisdomTree. We believe this renewed positive sentiment is due to recent announcements from high profile ETP issuers that have filed for physically backed ETFs with the U.S. Securities & Exchange Commission, the report said. Read more: A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF The inflows totalled $199 million, which reversed almost half of the prior nine consecutive weeks of outflows. The report noted that Exchange Traded Product (ETP) trading volumes totalled $2.5 billion for the week. Meanwhile, Ethereum saw inflows of $7.8 million, representing only 0.1% of assets under management (AUM), relative to bitcoin's inflows of 0.7%, demonstrating less of an appetite for ethereum than bitcoin at present. However, the positive sentiment didnt flow through into altcoin investments, according to the report. This turn in sentiment didnt trickle down to altcoins with only very minor inflows into XRP and Solana totalling $0.24m and $0.17m respectively. But the improved sentiment did encourage some investors to buy multi-asset investment ETPs, with $8m inflows last week, the CoinShares report added.... - Reddit Posts (Sample): [['u/Fabs_-', 'Anybody else pretty fed-up with the post on here ?!', 51, '2023-07-06 00:20', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/', "It feels like the only things getting asked are ; Should I buy all at once ? DCA ? What hardware wallet is best ? Have you heard about insert freshest news ?! Guys, I lost x amount ! Help ? Guys, I hate myself for not buying back then ! Yada yada...\n\nHow is it possible that with 5M+ members, there are close-to-none technical, or even technically related posts about Bitcoin ? It's a freaking Bitcoin sub !\n\nI felt like that before, but damn, since I've been trying to get a better technical understanding about the moving parts of Bitcoin, and started posting some questions about it, there have been less-and-less comments on them- if any.\n\nPretty weak for a Sub this big.", 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/', '14rpcg3', [['u/Good_Extension_9642', 85, '2023-07-06 00:40', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtfuqh/', 'Hey OP I have a question: should I DCA or purchase with a lump sum?', '14rpcg3'], ['u/satoshisfeverdream', 24, '2023-07-06 01:41', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqto36o/', 'Hey what happens to the Bitcoin network if we have a full moon, solar flare and an eclipse in the same month?', '14rpcg3'], ['u/tarkovLoadedwCheatrs', 24, '2023-07-06 01:57', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtqalk/', "It's Reddit bro. \n\nAll subs are circle jerk, bias reaffirming, echo chambers.\n\nWTF you expect?\n\n😆", '14rpcg3'], ['u/Nathan-McAlpin', 13, '2023-07-06 02:03', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtr2ob/', 'Lump it baby! To the MOON!!!', '14rpcg3'], ['u/itfwg', 12, '2023-07-06 02:06', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtrgjj/', 'Many of us have been here for a long time and got technical questions answered previously from many sources. Sometimes we will help, but we may be distracted with different topics at this time. We continue to be early adopters. A lot of my time has been spent researching super yachts, and fresh water boathouses with access to ocean based in favorable geopolitical locations. It comes with its own technical challenges.', '14rpcg3'], ['u/captain-garfio', 63, '2023-07-06 02:15', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqtsm5e/', 'I was getting fed up but luckily your high quality post restored my faith in this sub.', '14rpcg3'], ['u/BashCo', 40, '2023-07-06 05:17', 'https://www.reddit.com/r/Bitcoin/comments/14rpcg3/anybody_else_pretty_fedup_with_the_post_on_here/jqueyqm/', "After reviewing OP's submission history (3 posts ever, all in the past day), I'm strongly encouraging OP to log off for a few days to recalibrate, then come back and post some of the extremely high quality content that he wishes to see here.\n\nBe the change you want to see, and all that.", '14rpcg3']]], ['u/samgf', 'Please rate my brother in laws investment strategy', 18, '2023-07-06 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/', 'So for context, I’m somewhat financially savvy but certainly could know more.\n\nI have invested a little into bitcoin but that’s it.\n\nWhat I’m really interested to hear is what you think of my brother in laws investment strategy.\n\nBut of context: he’s 26 and lives in the UK, he cleans windows for a living but is capable of much more and capable of learning something more career based. He’s extremely ambitious and wants to make a lot of money, however he’s clearly not trying to do this through his work…\n\nSo, he invests in crypto, and feels that he’s going to be a multi millionaire in a couple of years.\n\nI asked him about his strategy and he said that when he gets paid, he invests everything he possibly can into the coins that have dropped the most from their all time high. For example, a few days ago when he got paid, he bought occam.fi. He has all of his money spread out across these multiple coins that are worth basically nothing compared to their all time high and he’s fully convinced that they will 100x over the next couple of years when there is ‘the bull run’. He says that everyone who buys a house ‘has taken a massive L’ and is a slave to the system. He doesn’t have any hobbies other than the gym, and my biggest worry is the impact he’s having on his gf (my sister in law). He would never buy bitcoin because he thinks it can never get him the returns he’s looking for ‘doubling my money just isn’t what I’m looking for’.\n\nSo, fellow crypto enthusiasts, what do you think of this strategy? Is there any chance of this paying off? Or is he destined for windows the the rest of his life?', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/', '14rqtts', [['u/99999999999999999989', 14, '2023-07-06 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtlj7r/', 'Dude is completely fucked.\n \nEDIT: So is he buying Shiba? Wrapped Luna perhaps?', '14rqtts'], ['u/zoomercoomer9000', 18, '2023-07-06 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtlpcj/', "Occam fi? What's tha-\n\n\nToken \| ATH \| Price today \| Change\n:--\|:--\|:--\|:--\nOCC \| $16.76 \| $0.14 \| -99.16%\n\nOh boy. Well, at least we know your decision to stick with BTC is a more sound investment strategy than your brother's.", '14rqtts'], ['u/deathbyfish13', 10, '2023-07-06 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtoncg/', 'Nah according to this guy anyone who has brought a house, you know the one investment that has historically always gone up, is a loser... Dude has lost his damn mind', '14rqtts'], ['u/marsangelo', 23, '2023-07-06 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtoyrv/', '“Please brother in law what are you doing”', '14rqtts'], ['u/Sir_McFuckington', 15, '2023-07-06 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/14rqtts/please_rate_my_brother_in_laws_investment_strategy/jqtusja/', "I don't want to say he's an idiot. But he's an idiot.\n\nI said it...I just didn't want to.", '14rqtts']]], ['u/Crangrapejoose', 'Everything has been a setup for the financial takeover of the world since 2008. A cashless society is looming in which control of everything we do will be tracked.', 61, '2023-07-06 02:23', 'https://www.reddit.com/r/conspiracy/comments/14rscgq/everything_has_been_a_setup_for_the_financial/', 'It started with the crash - then the study of bitcoin over the years. \n\n2012 the financial oversight committee was start which Gary G was the head. \n\n2012 Obama turned on the printing machine full blast\n\nRosie Rios was told in 2012 to reduce coin and cash usage\n\nMassive shift happening in that period. \n\nEnter Jay Clayton with the XRP cripe - now sits on FDIC and so does Rosie Rios\n\n2020 we had the plandemic and we all know how that went financially \n\n2022 the FED openly talks about the digital currency and asks YOUR opinion on the site at that time\n\nBRICS nations declared and their agreement on dropping the US dollar in favor of their own currency\n\nAlong with this you have China that already had a digital Yuan being tested with their social credit score system.\n\nBitcoin was created to study and that is all. \n\nI obviously shortened this a LOT but it truly has been a long con to get us to where we are to replace all cash usage in the world slowly but surely. \n\nI know comments will point out some things I missed so I will update the post in case it gains traction.', 'https://www.reddit.com/r/conspiracy/comments/14rscgq/everything_has_been_a_setup_for_the_financial/', '14rscgq', [['u/Penny1974', 17, '2023-07-06 02:34', 'https://www.reddit.com/r/conspiracy/comments/14rscgq/everything_has_been_a_setup_for_the_financial/jqtuz26/', 'I have a theory on how they get the majority of US citizens to willingly sign up and link their accounts to the CBDC - this be the will end of cash society as we know it and establish a US social credit system. \n\nThere will be another "something", i.e. pandemic, etc. and the government will give out large stimulus checks, but this time you can get your stimulus in a very short period of time (1-2 days) if you sign up and link all of your life to the Fed CBDC site if you don\'t you will receive a paper check in 6-9 months. If this was proposed and the amount was large enough and people were financially hurting the majority of America would willingly sign up.', '14rscgq']]], ['u/Shiratori-3', "BlackRock CEO Larry Fink sees bitcoin as 'digitizing gold'", 16, '2023-07-06 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/14rsjdm/blackrock_ceo_larry_fink_sees_bitcoin_as/', 'Turntables!', 'https://www.theblock.co/post/237978/blackrock-ceo-larry-fink-sees-bitcoin-as-digitizing-gold', '14rsjdm', [['u/Probably_notabot', 11, '2023-07-06 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14rsjdm/blackrock_ceo_larry_fink_sees_bitcoin_as/jqtuy9p/', 'He’ll say anything to get his ETF approved. Institutional FOMO achieved.', '14rsjdm']]], ['u/dibcompany', 'Best idea ever for Pulsechain marketing!!!', 12, '2023-07-06 04:52', 'https://www.reddit.com/r/Pulsechain/comments/14rvqet/best_idea_ever_for_pulsechain_marketing/', "TLTR: Make WBTC price on pulsechain go skyrocket. Like more than the actual BTC price.\n\nCurrently, the excitement is DEAD. We need to bring back the excitement which will bring new comers. Like RH said price going up is the best marketing any coin can have. BTC is still the king of crypto. Think about it, media will have frenzy if WBTC on pulse went up to let's say $60000. Not only that anyone that has any interest in crypto will hear about it. I am not talking about price flashing up and right down but WBTC on pulse going up and staying up there.\n\nAs long as the price of WBTC on pulse stays up way above BTC price, media, youtubers, social media, word of mouth marketing will go off the charts. I mean this could be the greatest pumpamental in the history of crypto. When this happens none hexicans will have great interest in Pulsechain and pulsechain awareness will also go off the charts. Network effect to the max!!!\n\nBTC currently has market value of 600 billion, how da heck can we make WBTC on pulse have higher price than BTC? I must be crazy right? NO. Biggest difference is WBTC on pulse has total of 154,410. This number is set and will never increase. That number is less than 1% of BTC's total. Also WBTC's price is less than 0.3% of the BTC price. Richard can easily accumulate the cheap WBTC and once the small numbers are in circulation, he can pump by buying at high or using farm.\n\nThis I believe is totally doable with less than $100 million liquidity. There's only 5000 wallets that hold WBTC, 99% will sell during the pump.\n\nIf he does this, this will do great things for the whole ecosystem. We can all be rich!!! lol. What you guys think?", 'https://www.reddit.com/r/Pulsechain/comments/14rvqet/best_idea_ever_for_pulsechain_marketing/', '14rvqet', [['u/Day3Hexican', 24, '2023-07-06 04:58', 'https://www.reddit.com/r/Pulsechain/comments/14rvqet/best_idea_ever_for_pulsechain_marketing/jqucrno/', 'Tell me you bought WBTC without telling me you bought WBTC', '14rvqet']]], ['u/brotheralbania', 'Hit the jackpot today everyone. Three working 2080ti for $300', 4485, '2023-07-06 05:19', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/', 'Lady on Facebook market place posted them with very little knowledge of their worth. Told her they were worth alot more than she was asking for but she just wanted them sold. Two are OEM Dell but still work great. My theory is someone close to her wanted to do bitcoin mining and got in over their head and gave up. Didnt pry too much, never look a gift horse in the mouth i guess.', 'https://www.reddit.com/gallery/14rwcqb', '14rwcqb', [['u/The_Istrix', 572, '2023-07-06 05:23', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqufmk2/', "Score, if they're solid", '14rwcqb'], ['u/lkl34', 346, '2023-07-06 05:23', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqufn6s/', 'daammm \n\n\n\nGood on you trying your best to tell there worth but in the end its up to the seller for the price. \n\n\n\nSo are you keeping one flipping 2? the non dell one looks like its still new', '14rwcqb'], ['u/brotheralbania', 446, '2023-07-06 05:24', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquft4j/', 'Tested them on rd2 on ultra for about 20 mins each. Worked like a dream.', '14rwcqb'], ['u/brotheralbania', 485, '2023-07-06 05:25', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqufx90/', 'I have a 3080ti so not much use for my set up but i plan to give them as gifts.', '14rwcqb'], ['u/ShawnBawn88', 45, '2023-07-06 05:34', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqugwb1/', "That is sick! I've been looking for a founders 2080 ti for ages. Great find.", '14rwcqb'], ['u/Both_Development_486', 167, '2023-07-06 05:36', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquh2c2/', 'Good man', '14rwcqb'], ['u/lkl34', 40, '2023-07-06 05:57', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqujbnj/', 'i second that', '14rwcqb'], ['u/The_Istrix', 154, '2023-07-06 06:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqulal7/', 'Score indeed', '14rwcqb'], ['u/djjolly037', 33, '2023-07-06 07:03', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqupsti/', 'If I was ok giving Reddit money, you would absolutely get an award from me', '14rwcqb'], ['u/Overall_Strawberry70', 1033, '2023-07-06 07:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqur1ls/', 'I can tell you exactly what happened, the lady was a landlord and one of her tenants was a crypto bro who decided to quit his job and mine "full-time", eth became no-longer minable and every other alt coin tanked so he dipped and she\'s selling his mining equipment after changing the locks.', '14rwcqb'], ['u/brotheralbania', 593, '2023-07-06 07:18', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqur64k/', 'That is very specific but honestly makes sense lol', '14rwcqb'], ['u/Overall_Strawberry70', 258, '2023-07-06 07:28', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqus1wr/', "Because i've seen it happen multiple times, all the crypto bros thought RVN coin was going to be the next ETH and when that never happened my local market got absolutely FLOODED with mining rigs no-one wanted. I kinda made the same mistake myself thinking that ETH was going to go up in value after mining got shut off but I also wasn't an idiot and YOLO'd my entire savings on GPU's like some people did.", '14rwcqb'], ['u/TakeyaSaito', 14, '2023-07-06 07:40', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqut55y/', "Eh, here in the UK that's about the price u'd expect 2nd hand.", '14rwcqb'], ['u/brotheralbania', 25, '2023-07-06 07:46', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqutnwj/', 'You werent kidding. Just check fb marketplace for bishop stortford (have family there). Even with conversion rate its much cheaper. Man the used prices here in U.S suck.', '14rwcqb'], ['u/Delareh', 36, '2023-07-06 08:57', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquzfk6/', 'Man, why dont cards look like this? They look so beautiful. Is the blower really that bad? I really loved the AMD 5000 series stock card too.', '14rwcqb'], ['u/ExplodingFistz', 11, '2023-07-06 09:00', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jquzlul/', 'Nice. Now make an SLI build', '14rwcqb'], ['u/Wacky_Network', 21, '2023-07-06 09:06', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv05ai/', 'its okay just post an image of one like everyone else who also doesnt want to give reddit money which if its the silver one it would be of more value since its bigger than an actual silver reward', '14rwcqb'], ['u/Talib_Dota', 13, '2023-07-06 09:10', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv0egb/', 'Thank you bro', '14rwcqb'], ['u/Nika299p', 57, '2023-07-06 09:49', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv3am4/', 'even one 2080 ti is worth 300$ on the used market, 3 for 300$? that was super lucky!', '14rwcqb'], ['u/WukongOTP123', 15, '2023-07-06 10:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv5940/', 'three 2080ti for $300? so $100 for each or $300 for each?', '14rwcqb'], ['u/Akuno-', 29, '2023-07-06 10:42', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv74ta/', 'Yes, blower fans are not great at cooling and awfully loud. they have their place but no longer in the general consumer marked.', '14rwcqb'], ['u/For_the_Gayness', 28, '2023-07-06 11:03', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv8lk0/', 'But ignorant me here, how do you test a card? Just run a few game/ app?', '14rwcqb'], ['u/Kenz0wuntaps', 53, '2023-07-06 11:11', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv97rx/', 'You can run benchmarks for maybe 5-10 times and test some games also', '14rwcqb'], ['u/Booyakasha_', 21, '2023-07-06 11:16', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9kgf/', 'Little tip, never tell the seller you made a deal of a lifetime with him. He wont feel so good after that message.', '14rwcqb'], ['u/sortabanana', 14, '2023-07-06 11:17', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9lry/', 'I think they mean $300 for all of them. $300 for one is a scam, they’re $200 on Ebay', '14rwcqb'], ['u/sortabanana', 16, '2023-07-06 11:18', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9ns4/', 'I’m finding ones for $200 on eBay, but still half off!', '14rwcqb'], ['u/stonehearthed', 2267, '2023-07-06 11:19', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqv9rgd/', '\n\nhttps://preview.redd.it/8v0iyulcbbab1.jpeg?width=400&format=pjpg&auto=webp&v=enabled&s=a4d070186302e9716ae06036fd0992a09b2abff2', '14rwcqb'], ['u/Trym_WS', 43, '2023-07-06 11:24', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqva4ft/', 'Yeah, you use it. Preferably in a way that stresses it to the max.\n\nSo playing games or stress tests for an extended period of time, usually while monitoring temps, clocks, etc.', '14rwcqb'], ['u/OGBRedditThrowaway', 16, '2023-07-06 11:43', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvbhlp/', 'They\'re basically hair dryers attached to GPUs and when has anyone ever said, "Man, that\'s an awfully quiet hair dryer you have!"', '14rwcqb'], ['u/Equal_Egg_5023', 67, '2023-07-06 11:49', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvby8h/', '"how do I know?" \\camera pans out "that crypto-bro was me" \\throws jacket over shoulder and hitchhikes into the sunset while Bon Jovi plays - end credits.', '14rwcqb'], ['u/FastFaps15', 30, '2023-07-06 11:56', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvch1h/', 'Some lady sold GPUs worth nearly 500 bucks for 100 apiece but knows enough about computers to disassemble them and sell the parts for profit?', '14rwcqb'], ['u/HomeCalendar36', 19, '2023-07-06 12:21', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvefsz/', 'Americans are so lucky with GPU prices. Cheapest second hand ones I can find are the equivalent of $320', '14rwcqb'], ['u/Self_Blumpkin', 13, '2023-07-06 12:26', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqveuou/', 'He just means “gimmie cheap GPU upgrade plz”', '14rwcqb'], ['u/SalsaRice', 17, '2023-07-06 12:35', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvfj50/', "To be fair, it's not hard to take apart. As long as she knows how to Google, there's a ton of youtube videos that show the process", '14rwcqb'], ['u/mmmfritz', 50, '2023-07-06 12:39', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvfv68/', 'Yeah a few mates got burned on asic miners, 4 grand each for what now costs peanuts.\n\nAnyone can tell you it’s a race to the bottom when it’s so popular. \n\nI wanted to sell antminers… :/', '14rwcqb'], ['u/FastFaps15', 22, '2023-07-06 12:51', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvgybu/', "Sure, if she even knows what a GPU is and thus what to Google in the first place. And if she can figure that out, surely she can figure out that she's ripping herself off.\n\nThen again, if she's got money, the difference between selling them for $300 vs $1000+ might be trivial enough not to be worth the effort.", '14rwcqb'], ['u/toospie', 21, '2023-07-06 12:58', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvhlkt/', 'Probably just never assembled in the first place', '14rwcqb'], ['u/matiegaming', 19, '2023-07-06 13:11', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqviqb1/', 'lmao you cant be serious', '14rwcqb'], ['u/Robinnn03', 24, '2023-07-06 13:11', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqviqf3/', "It's not what happened. The landlord owns the house/apartment but not anything inside of the house, if the tenant was evicted due to not paying rent or something else she has to give him all of his stuff back.\n\nFun story though.", '14rwcqb'], ['u/DontFuckWithMyMoney', 54, '2023-07-06 13:24', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvjx0q/', 'Everyone into crypto is a grifter looking for a quick buck by definition', '14rwcqb'], ['u/skater6442', 34, '2023-07-06 13:26', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvk3tv/', 'Marketplace is awesome, I picked up a Evga 3080 for 150 that “didn’t work” but was still under warranty. I sent it in for an RMA yesterday so next week I’ll have a fully functional 3080 ftw3 for $150.', '14rwcqb'], ['u/WallPaintings', 11, '2023-07-06 13:52', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvmq31/', "Not in the early days, some old school people like myself really believed it was a revolutionary new system of payment. I mean I could buy drugs that were relatively good, from an account with reviews and the worst thing that could happen to me was I would lose my money.\n\nAlso it gave an electronic system of banking with a stable currency compared to many like the Bolivar to people who otherwise didn't have it. It wasn't ever really meant to be for developed countries, but noone really got that.\n\nThen they did BCH like they did and yeah, it's all about getting rich quick now. I think 2017 was the turning point. I'm probably going to sell my last 21 or so BTC during the next bubble and I never thought I would.", '14rwcqb'], ['u/RhynoD', 12, '2023-07-06 13:53', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvmv3z/', 'Not all of them. Some of them are just gullible idiots.', '14rwcqb'], ['u/marcxx04', 487, '2023-07-06 13:53', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvmvtf/', 'reasonable specs you got there, sir.', '14rwcqb'], ['u/Potato_DudeIsNice', 40, '2023-07-06 13:59', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvngvp/', 'Bro got that powerplant psu', '14rwcqb'], ['u/RandomnessConfirmed2', 24, '2023-07-06 14:07', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvocs4/', 'May I ask why you were so cheap and went with the 15980? The 15980KS Ultra is so much better, especially with its generous 600W of power.', '14rwcqb'], ['u/Rubfer', 10, '2023-07-06 14:07', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvoe9i/', "Not just gpus, but used market and thrift stores in general, it's their huge market size doing its thing and people will often try to undercut others and the more you have, the cheaper it gets. \n\n\nStill, you can always get lucky no matter where you live: \nHere in Portugal the used market its so limited that people do not need to undercut others so it's often better to just buy new since the difference between used and new can often be minimal... But even i managed to score a 3090 for 500€ from a miner who just wanted to get rid of his stuff in a time when most used 3090 i saw still costed over 900€", '14rwcqb'], ['u/Patient_Reaction9768', 111, '2023-07-06 14:10', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvomc2/', 'How do you mark your specs like that? I built a PC like 4 days ago and I could put them there now.', '14rwcqb'], ['u/marcxx04', 72, '2023-07-06 14:13', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvoyq5/', 'Go to the main page of the subreddit, click the 3 dots on the top right. Go to flairs, click edit and replace it with your own :)', '14rwcqb'], ['u/CelerMortis', 15, '2023-07-06 14:15', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvp5wf/', 'Tenants abandon property all the time in rentals. Even valuable stuff. Probably didn’t pay rent for 6 months and thought “I guess this makes us even”', '14rwcqb'], ['u/Fortyplusfour', 15, '2023-07-06 14:21', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvpual/', 'Definitely not, but OP told her beforehand.', '14rwcqb'], ['u/__SpeedRacer__', 47, '2023-07-06 14:22', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvq04t/', '>with your own\n\nOr an exaggeration thereof.', '14rwcqb'], ['u/monsieurlee', 13, '2023-07-06 14:43', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqvsckx/', 'Months before the ETH switchover, when people are slowing selling off their gears to get out, I remember all these posts mocking the people selling their gears, saying how mining will always be around and there will always be something to mine and how RVN is next and they were buying up gears from the "sucker" to expand their operation for RVN.\n\nGod I would pay some dead crypto just to see those people\'s faces right now.', '14rwcqb'], ['u/TheGeekno72', 11, '2023-07-06 16:32', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqw6vq5/', 'As long as you can flex... :clueless:', '14rwcqb'], ['u/Dave-1281', 17, '2023-07-06 20:59', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqxc6ro/', "I just realised that this feature finnaly works on the phone reddit app\n(Yes that's my pc)", '14rwcqb'], ['u/Responsible-Dish-297', 12, '2023-07-06 22:53', 'https://www.reddit.com/r/pcmasterrace/comments/14rwcqb/hit_the_jackpot_today_everyone_three_working/jqxu0iv/', 'Ngl that machine will ironically survive the apocalypse.', '14rwcqb']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, July 06, 2023', 25, '2023-07-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/', '14rx8fq', [['u/californiaschinken', 10, '2023-07-06 10:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqv4dlw/', "Don't be surprised if nothing happens for a while. Right now the most important meeting will be the NATO summit on 11 and 12 of July. Maybe something will happen until then but most players will wait to see if there s a big black swan on horizon. I wonder if the CEO of blackrock knows anything of the events ahead. They play good poker that s for sure. Last time Jamie Dimon said he will fire anyone trading btc (and btc went more than 20 % down) they were actually filling the bags.", '14rx8fq'], ['u/venderil', 15, '2023-07-06 10:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqv86b6/', 'Probably nothing.', '14rx8fq'], ['u/NativeSkill', 16, '2023-07-06 11:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqv8xy5/', 'The good old "Green Middle Finger to bears" pattern! Love it.', '14rx8fq'], ['u/viralhysteria', 13, '2023-07-06 14:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqvrhzd/', "Starting to feel pretty good about taking the last three weeks off. This price action is pretty hilarious and predatory as hell. \n\nwe're just smacking into avwap like clockwork, don't see any reason to freak out unless that starts failing. \nhttps://i.imgur.com/4W9rULq.png \n\nsupposedly we have sophisticated players entering the market and from what I've learned over the last year, most of these players watch avwap levels (at least that's what Brian claims) \n\nwe're pretty close to breaching avwap form covid lows \nhttps://i.imgur.com/aJ9RlFp.png \n\nsee you in august 👋 \n\nupdate: don't let the institutions steal your coins \nhttps://i.imgur.com/rgbLiiw.png", '14rx8fq'], ['u/EricFromOuterSpace', 12, '2023-07-06 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqw01r8/', 'Imagine my surprise to wake up and find the price at 30k.', '14rx8fq'], ['u/Had_Boating_Accident', 16, '2023-07-06 16:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqw8re9/', "I have no idea what's going on\n\n- Towelie", '14rx8fq'], ['u/dopeboyrico', 12, '2023-07-06 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqw99zp/', 'Higher high for the range over the past 2 weeks (which is also a new YTD high at $31.4k) and also a move towards the bottom of the range but a failure to make a lower low currently at $29.6k.\n\nShakeout before the breakout?', '14rx8fq'], ['u/Magikarpeles', 22, '2023-07-06 16:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwawqs/', "That's it guys, failed to pump immediately after the 4th of July so it's game over forever. Everyone can go home now. Bitcoin over.", '14rx8fq'], ['u/Magikarpeles', 10, '2023-07-06 17:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwb7lr/', 'You wana get high?', '14rx8fq'], ['u/AccidentalArbitrage', 16, '2023-07-06 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwkcsx/', 'Your posts have been absolutely nailing local bottoms lately mate.\n\nKeep up the good work 👍', '14rx8fq'], ['u/BootyPoppinPanda', 11, '2023-07-06 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwmmdt/', 'We can now safely say Wardser was right', '14rx8fq'], ['u/VictorCobra', 23, '2023-07-06 18:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwql4d/', 'You’re like not even a real planet anymore, bruh.', '14rx8fq'], ['u/imissusenet', 21, '2023-07-06 18:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwqz20/', "I was told going under $30K was not happening. I'd like to file a complaint.", '14rx8fq'], ['u/Had_Boating_Accident', 13, '2023-07-06 18:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqwresc/', 'This is the Bitcoin CEO. How can I help you?', '14rx8fq'], ['u/pluto098', 12, '2023-07-06 20:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/14rx8fq/daily_discussion_thursday_july_06_2023/jqx7oed/', '😭take that back', '14rx8fq']]], ['u/jershammah', '$300 to $3000 in 10 days', 199, '2023-07-06 06:26', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/', 'Then took out $500 and made it to $5,200 equity by day 20 (still holding on to slightly underwater btc buys)\n\nMostly with scalping gold!', 'https://i.redd.it/of56ts41v9ab1.jpg', '14rxss5', [['u/dasmond007', 27, '2023-07-06 07:05', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jquq0yh/', "such gains on such capital indicating no risk management was considered. in long-term, once market will hit you it'll be nearly a washout", '14rxss5'], ['u/jershammah', 19, '2023-07-06 07:37', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqusubj/', 'Or I wait for the right setup with small stop losses 🤔', '14rxss5'], ['u/som1sumwr', 39, '2023-07-06 09:31', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv1z5a/', 'If it looks stupid but works, it aint stupid.', '14rxss5'], ['u/DryTwo2032', 30, '2023-07-06 09:56', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv3udd/', 'Idk why ppl always make such statement.\nUsing small capital is a form of bankroll control, which is risk management🤷\u200d♂️\nI trade with few different accounts with different trading style and setup, just cuz I blow one of my smallest account with an aggressive strategy doesn’t mean there’s no risk management involved.', '14rxss5'], ['u/IudMG', 16, '2023-07-06 10:35', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv6kmc/', 'Wtf? 1K½ of commission? Is your broker robbing you on bright day light', '14rxss5'], ['u/MyDogsNameIsBlaze1', 142, '2023-07-06 10:47', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqv7hl4/', 'Nice mate. If you want, I can show you how to turn $3000 into $1 in 1 day. Lemme know.', '14rxss5'], ['u/ParticularSoggy1162', 11, '2023-07-06 12:09', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqvdgvk/', "Don't listen to the negativity on this thread.. I also trade like that small stop loss, with big lots. I risk 1 percent of my acc on each trade so I might lose it with a small stop loss very easy but my gains are covering it wayyyy more!!", '14rxss5'], ['u/MyDogsNameIsBlaze1', 29, '2023-07-06 12:19', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqveb75/', 'Nice bro. My course provides mental instability.', '14rxss5'], ['u/BarracudaRelevant837', 13, '2023-07-06 13:04', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqvi2b1/', 'I already got a masters in it', '14rxss5'], ['u/RelativeSaltIndex', 12, '2023-07-06 14:32', 'https://www.reddit.com/r/Forex/comments/14rxss5/300_to_3000_in_10_days/jqvr31d/', 'with risk management to get from 300 to 3k in 10 days, Im sure he wont need your tips, he will do it himself.', '14rxss5']]], ['u/MikeyX1234141', 'Celsius moves Altcoins, prepares to sell', 15, '2023-07-06 07:22', 'https://www.reddit.com/r/CelsiusNetwork/comments/14ryzt3/celsius_moves_altcoins_prepares_to_sell/', ' Celsius moves Altcoins, prepares to sell to BTC and ETH? \n \n\nEarly this morning, Celsius Network started moving about $74M Altcoins & Stablecoins to new, still unsold wallets \n \n\nTransferred altcoins include LINK, CEL, AAVE, SNX, UNI, ZRX,..., and stablecoins like BUSD, USDC, USDT,... \n \n\nhttps://preview.redd.it/4jm765xz4aab1.png?width=993&format=png&auto=webp&s=ee9a823502a423c58c71fe3f1ec777ae04cf506f', 'https://www.reddit.com/r/CelsiusNetwork/comments/14ryzt3/celsius_moves_altcoins_prepares_to_sell/', '14ryzt3', [['u/BodybuilderSalt9807', 22, '2023-07-06 08:12', 'https://www.reddit.com/r/CelsiusNetwork/comments/14ryzt3/celsius_moves_altcoins_prepares_to_sell/jquvtzg/', 'Mother fuckers should be moving these coins not to an exchange to sell - they should be moving what little there is to the rightful owners. Everyone scammed by them would appreciate a fraction of actual crypto back. \n\nFuckinsky can’t wait be see the village pitchfork driven right into your chest.', '14ryzt3']]], ['u/dumptruxxx', 'Top 1000 HC list for statue not accurate', 1466, '2023-07-06 07:51', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/', "I achieved level 100 (HC) on June 10th in the top 100ish players and tweeted correctly, but my battletag was not included on the top 1000 list released today July 5th by Blizzard. I see many of my friends/guildmates who I grouped with that also reached level 100 on the list. I made the same tweet as them. We were all in discord together and did it very carefully.\n\nHopefully Blizzard can get this fixed, all of the players who were competing for this put in so many hours with the goal in mind to be on the statue. Even if some of us don't make it on the final list, hopefully they get as many as possible on the statue.\n\nHere is a link to the tweet that I made on June 10th that meets all of the requirements.\n\nhttps://twitter.com/NobodyNowhere10/status/1667758447612534784\n\nHere is my friend's tweet, he also wasn't included on the top 1000 list for the statue:\n\nhttps://twitter.com/MistrAmazing/status/1667899916100997122\n\nI wonder how many other people this has happened to.\n\nEDIT: Apparently it has happened to a lot of people, Asmongold made a video about it https://www.youtube.com/watch?v=-VT1CIk49Pk\n\nEDIT2: I am going to include tweets from any other players this happened to, add yours in the comments if you want me to include yours:\n\nhttps://twitter.com/rhoxxxxx/status/1667154847466913792\n\nhttps://twitter.com/oogi3boogi3/status/1667976762578419715\n\nhttps://twitter.com/meantnt_/status/1668295343262294019\n\nhttps://twitter.com/Rakin/status/1666680893321142274\n\nhttps://twitter.com/MardukHS/status/1666749688588976130\n\nhttps://twitter.com/Thepaleginger89/status/1667472219033747458\n\nhttps://twitter.com/DjMontague/status/1669995161663983617\n\nhttps://twitter.com/wo1f_GG/status/1667441036178894848\n\nhttps://twitter.com/mitchstreet1987/status/1670004329074368514\n\nhttps://twitter.com/CravingJoe/status/1670062436894887937\n\nhttps://twitter.com/vanilla1337/status/1668907267058540546\n\nhttps://twitter.com/L1mppan/status/1667968640283443205\n\nhttps://twitter.com/MarkusReppi/status/1668991877754880004\n\nhttps://twitter.com/_Djoula/status/1666609216965017601\n\nhttps://twitter.com/ArchaicDemonTTV/status/1669979182602809347\n\nhttps://twitter.com/Dedzio/status/1669816940720693248\n\nhttps://twitter.com/Cody_Bitcoin/status/1667959382150197251\n\nhttps://twitter.com/CjBoyGenius/status/1667353262268248064\n\nhttps://twitter.com/NemoNewLeaf/status/1669773053746708491\n\nhttps://twitter.com/JimmyVitamins/status/1668649434815639552\n\nhttps://twitter.com/Lawbster_/status/1668828112715411457\n\nhttps://twitter.com/Keane42069/status/1667757824271687682\n\nhttps://twitter.com/Teetoew1/status/1670725973715582976\n\nhttps://twitter.com/Heyashi_1337/status/1670174616537509889\n\nhttps://twitter.com/TKoziki/status/1667844907678191618\n\nhttps://twitter.com/UncleMumble/status/1668651334743228416\n\nhttps://twitter.com/acidphantasm/status/1668560284133347328\n\nhttps://twitter.com/OmniZyr0s/status/1670067211711438848\n\nhttps://twitter.com/Go_ohn/status/1668948320146817026\n\nhttps://twitter.com/riebready/status/1668159476044648448\n\nhttps://twitter.com/Sildreon/status/1670774533068922880\n\nhttps://twitter.com/TheHu7cH/status/1669890346304643074\n\nhttps://twitter.com/keaarori/status/1670173183092092930\n\nhttps://twitter.com/Fearless__619/status/1670312674759172097\n\nhttps://twitter.com/normander01/status/1668027950749347840\n\nhttps://twitter.com/nicer00ster/status/1669898279176290304\n\nhttps://twitter.com/backitches/status/1669806103394148353\n\nhttps://twitter.com/RyuujinHitaku/status/1670825827511197696\n\nhttps://twitter.com/GobulZen/status/1667536878084538368\n\nhttps://twitter.com/4TVV0/status/1667068170530705408\n\nUsers who corrected their tweets later on:\n\nhttps://twitter.com/NekroXIII/status/1668403407244099586\n\nhttps://twitter.com/NekroXIII/status/1671681960735801346\n\nhttps://twitter.com/asystem3rror/status/1667930897436274689\n\nhttps://twitter.com/asystem3rror/status/1667831572366589953", 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/', '14rzlaj', [['u/gfarwell', 301, '2023-07-06 07:55', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jquuefx/', "Good luck getting this fixed -- hope it's just some simple error that can be addressed soon!", '14rzlaj'], ['u/dumptruxxx', 43, '2023-07-06 08:14', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jquw0a6/', 'Thank you good sir', '14rzlaj'], ['u/dumptruxxx', 10, '2023-07-06 09:38', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv2i0c/', '> https://twitter.com/mitchstreet1987/status/1670004329074368514\n\nAdded you to the list', '14rzlaj'], ['u/Thundercracker', 11, '2023-07-06 09:44', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv2xzr/', 'Dude, read the whole post. Gaming may be the one thing that brings him joy with the time he has left. Let him live his life on his terms.\n\nFind yourself an ounce of human compassion, please.', '14rzlaj'], ['u/rinleezwins', 227, '2023-07-06 10:18', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv5e74/', 'By any chance, could these people be disqualified by any of the below?\n\nEligible players are 18 years of age or older as, or the age of majority in the relevant jurisdiction, whichever is older of May 26, 2023; are not residents of Russia, Belarus, Cuba, Iran, the Democratic People’s Republic of Korea, Sudan, Crimea, Syria, and any other regions where restricted or prohibited by law; are not residents of the People’s Republic of China (which for the purpose of these rules, excludes Hong Kong, Macau, and Taiwan; maintain a Blizzard Battle.net account in good standing in compliance with all applicable terms and conditions at all times during the offer period; own a license to Diablo IV.', '14rzlaj'], ['u/SuBw00FeR37', 61, '2023-07-06 10:25', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv5x4l/', 'Blizzard wont care, 100% nothing happens from this.', '14rzlaj'], ['u/SereneSneha', 55, '2023-07-06 10:30', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv67xf/', "This is so sad, I hope it gets addressed soon!\n\nBut can't Blizzard just look up on the server side and pull the top 1000 than relying on screenshots like this? This whole manual process seems like it'll miss one person or another somewhere. \n\nI mean for the sake of interactions on Twitter or other socials they can ask people to tweet/tag them etc., but when the list gets finalized why not just pull from server? And if they did do that, then I have no idea how so many can be missing.", '14rzlaj'], ['u/12_yo_girl', 120, '2023-07-06 10:39', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv6uyv/', 'Ahhhhh AND Taiwan. Didn’t know Blizzard resolved The Taiwan Question.', '14rzlaj'], ['u/zeroskill99', 16, '2023-07-06 10:57', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv87u1/', 'How can u know u were in the top100/1000? 3rd party websites doesnt count i guess it can contain partial / only eu/usa etc data .. i guess only blizz can check by logs.', '14rzlaj'], ['u/zibitee', 23, '2023-07-06 11:02', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv8j76/', "So Hong Kong, Macau, and Taiwan aren't a part of the PROC again? Blizzard just keeps flip flopping!", '14rzlaj'], ['u/ShaqShoes', 12, '2023-07-06 11:14', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv9er7/', 'Whoever was responsible also could have just fucked up the list', '14rzlaj'], ['u/TheSeth256', 15, '2023-07-06 11:21', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqv9v1x/', 'You can see that players who are included in the official Blizzard list submitted their posts later.', '14rzlaj'], ['u/ichlehneab', 70, '2023-07-06 11:43', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvbhz0/', 'Lol getting on a list with a name like xlegendx', '14rzlaj'], ['u/whats_my_login', 21, '2023-07-06 11:44', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvbldo/', "No, what they mean is... \n\nLet's say Steve got to 100 HC on June 10th, and tweeted it. Bob got to 100 HC on June 15th, and tweeted too. If Bob is on the list, Steve should also be on the list.", '14rzlaj'], ['u/rinleezwins', 24, '2023-07-06 11:49', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvby00/', 'You\'re asking for a lot. They have like 4 community/social staff on the team(at least 4 I can see as "blizzard representative" on the discord, potentially more?) and I\'ve never seen anything posted by them other than the occasional hotfix patch notes.', '14rzlaj'], ['u/sylfy', 16, '2023-07-06 12:21', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvef25/', 'Is it really that hard to read the fine print? Everyone knows that there’s always fine print attached to these online contests. Most online contests don’t even apply to people outside of the US or NA. This is common sense.', '14rzlaj'], ['u/klod91', 38, '2023-07-06 12:32', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvfcsr/', 'Man those gold sellers are sure gona be happy about all dem battle tags.', '14rzlaj'], ['u/Youre_On_Balon', 70, '2023-07-06 12:42', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvg4rd/', 'I think it says that china does not include Taiwan for purposes of the rule actually', '14rzlaj'], ['u/MonsieurBourse', 24, '2023-07-06 12:42', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvg7hc/', 'His battlenet seems to be xlegendx as well.', '14rzlaj'], ['u/Madyline', 203, '2023-07-06 12:44', 'https://www.reddit.com/r/diablo4/comments/14rzlaj/top_1000_hc_list_for_statue_not_accurate/jqvgb5s/', 'Maybe blizzard ran out of twitter views and cant see them anymore', '14rzlaj'], ['u/Papapain', 94, '20... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell below the US$30,000 support line in Friday morning trading in Asia as traders took profits amid worries about interest rate hikes in U.S. markets that drove investors into so-called risk-off mode, which pulled equities lower. Ether fell along with most other top 10 non-stablecoin tokens. Solana dodged the bearish sentiment to jump more than 6%. Despite the declines, the cryptocurrency Fear & Greed Index stands in the Greed territory at 56, as institutional interest in Bitcoin looks solid. Losing ground Bitcoin fell 1.88% over the last 24 hours to US$29,919 at 07:20 a.m. in Hong Kong to post a loss of 1.68% for the past seven days, according to data from CoinMarketCap. The world\x92s leading cryptocurrency reached US$31,399 on Thursday night, the highest in 13 months. \x93With strong economic data in the US, good earning expectations and employment data in the private sector, investors are seeing increasing chances of further rate hikes; bond yields rose while equity indexes fell sharply,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market-maker Keyrock . \x93The broad sell-off in risk assets undoubtedly affected crypto traders\x92 sentiment and new highs were seen as a profit-taking opportunity, rather than a chance to go long and hope for even higher prices,\x94 d\x92Anethan said. Large financial institutions show increasing interest in Bitcoin, according to the Bitcoin Monthly June 2023 Report by asset manager Ark Invest on Thursday, which highlighted the balance of Bitcoin held on over-the-counter (OTC) desks, a proxy for institutional activity, hitting a one-year high in late June. \x93By the end of the quarter, the OTC Bitcoin balance had increased by 60% sequentially,\x94 Ark Invest wrote in the report, which suggests \x93institutions and other large capital allocators are focused increasingly on Bitcoin.\x94 Ether fell 3.13% to US$1,851, leaving it flat for the week. The token reached a high of US$1,956 on Thursday evening, but soon lost ground as investors took profits. Story continues Most other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours, with the exception of Solana\x92s SOL and Tron\x92s TRX. Solana jumped 6.48% to US$20.12, moving up 12.52% for the week. The token breached the US$20 resistance level on Thursday evening for the first time since June 7 as sentiment received a boost from a partnership between Coca-Cola Serbia and Solana\x92s non-fungible token (NFT) platform SolSea. The two will launch Coca-Cola brand NFTs at the Exit Festival in Serbia from July 6 to 9. The total cryptocurrency market cap fell 1.45% to US$1.17 trillion in the last 24 hours, while crypto trading volume rose 37.62% to US$43.26 billion, according to CoinMarketCap data. Forkast 500 NFT index dips The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dipped 0.38% in the 24 hours to 11:15 a.m. in Hong Kong to 2,774.37, down 2.73% for the week. The two Forkast indexes measuring the performance of Solana and Cardano NFT markets logged increases. Bored Ape Yacht Club (BAYC) led collections by trading volumes, which rose 19.85% to US$3.49 million. Mutant Ape Yach Club (MAYC) and Azuki ranked second and third. \x93The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. The floor price of BAYC edged up 0.6% in the past 24 hours to 30.95 ETH (US$57,477), according to data from CoinGecko, while MAYC and Azuki dipped 1.5% and 3.2% over the same period. However, the three tokens are still holding two-digit losses for the past seven days. Despite the low price opportunities, a lack of liquidity is keeping investors away from the market, according to Petscher, who said \x93traders are openly discussing having no liquidity and no plans to take advantage of historically low prices across blockchains.\x94 Blur, the leading NFT marketplace, launched its version 2 trading platform on Thursday, which introduced a 50% cut in gas fees and a new \x93trait bidding\x94 feature, which allows traders to bid on specific NFT traits rather than collections and receive Blur reward points. However, the update doesn\x92t appear to be attracting traders. According to data from blockchain aggregator DefiLlama , the total value locked on Blur was US$134.96 million on Friday, down from 155.68 million on Wednesday. \x93There\x92s also talk of ETH being withdrawn from Blur\x92s ETH pool as some of the biggest points farmers are upset with the ongoing Season 2 of farming,\x94 said Petscher. Blur announced its Season 2 of farming in February and said it would distribute over 300 million Blur tokens as rewards for bidding, listing, lending and other activities in the marketplaces. Good news is bad news (again) for U.S. equities Image: Getty Images U.S. stock futures traded lower as of 14:00 p.m. in Hong Kong, according to data from CNN . The three major U.S. indexes also fell in the regular Thursday session. Most main Stock indexes across Asia also tumbled on Friday, with Hong Kong\x92s Hang Seng , South Korea\x92s Kospi and Japan\x92s Nikkei all sliding. China\x92s Shanghai Composite Index edged up. Economic indicators out in the U.S. overnight showed increases in private sector jobs and pay, according to the ADP National Employment Report published . The payroll increase is more than double the analysts\x92 expectation of 228,000, Reuters reported on Thursday, despite the Federal Reserve\x92s monetary tightening campaign. The U.S. services\xa0 purchasing managers\x92 index (PMI) rose to 53.9 in June, according to the Institute for Supply Management on Thursday, which beats Reuters\x92 projection of 51. A reading above 50 indicates expansion, below 50 a contraction. The data added to concerns that the Federal Reserve will continue its campaign of raising rates and holding them higher for longer periods to tackle inflation. The Fed meets on July 26 to make its next decision on interest rates, after leaving them unchanged in June at between 5% and 5.25%. The CME FedWatch Tool predicts a 92.4% chance for a 25-basis-point rate increase, up from 88.7% on Thursday. The likelihood the Fed won\x92t increase is now at just 7.6%. Investors are now waiting for the U.S. government\x92s employment report on Friday, with economists polled by the Wall Street Journal projecting the U.S. economy added 240,000 jobs in June, down from 339,000 in May. (Updates with NFT and equity sections.)', 'Bitcoin fell below the US$30,000 support line in Friday morning trading in Asia as traders took profits amid worries about interest rate hikes in U.S. markets that drove investors into so-called risk-off mode, which pulled equities lower. Ether fell along with most other top 10 non-stablecoin tokens. Solana dodged the bearish sentiment to jump more than 6%. Despite the declines, the cryptocurrency Fear & Greed Index stands in the Greed territory at 56, as institutional interest in Bitcoin looks solid.\nBitcoin fell 1.88% over the last 24 hours to US$29,919 at 07:20 a.m. in Hong Kong to post a loss of 1.68% for the past seven days, according todatafrom CoinMarketCap. The world’s leading cryptocurrency reached US$31,399 on Thursday night, the highest in 13 months.\n“With strong economic data in the US, good earning expectations and employment data in the private sector, investors are seeing increasing chances of further rate hikes; bond yields rose while equity indexes fell sharply,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“The broad sell-off in risk assets undoubtedly affected crypto traders’ sentiment and new highs were seen as a profit-taking opportunity, rather than a chance to go long and hope for even higher prices,” d’Anethan said.\nLarge financial institutions show increasing interest in Bitcoin, according to theBitcoin Monthly June 2023 Reportby asset manager Ark Invest on Thursday, which highlighted the balance of Bitcoin held on over-the-counter (OTC) desks, a proxy for institutional activity, hitting a one-year high in late June.\n“By the end of the quarter, the OTC Bitcoin balance had increased by 60% sequentially,” Ark Invest wrote in the report, which suggests “institutions and other large capital allocators are focused increasingly on Bitcoin.”\nEther fell 3.13% to US$1,851, leaving it flat for the week. The token reached a high of US$1,956 on Thursday evening, but soon lost ground as investors took profits.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours, with the exception of Solana’s SOL and Tron’s TRX.\nSolana jumped 6.48% to US$20.12, moving up 12.52% for the week. The token breached the US$20 resistance level on Thursday evening for the first time since June 7 as sentiment received a boost from apartnershipbetween Coca-Cola Serbia and Solana’s non-fungible token (NFT) platform SolSea. The two will launch Coca-Cola brand NFTs at theExit Festivalin Serbia from July 6 to 9.\nThe total cryptocurrency market cap fell 1.45% to US$1.17 trillion in the last 24 hours, while crypto trading volume rose 37.62% to US$43.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.38% in the 24 hours to 11:15 a.m. in Hong Kong to 2,774.37, down 2.73% for the week. The two Forkast indexes measuring the performance of Solana and Cardano NFT markets logged increases.\nBored Ape Yacht Club (BAYC) led collections by trading volumes, which rose 19.85% to US$3.49 million. Mutant Ape Yach Club (MAYC) and Azuki ranked second and third.\n“The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe floor price ofBAYCedged up 0.6% in the past 24 hours to 30.95 ETH (US$57,477), according to data from CoinGecko, whileMAYCandAzukidipped 1.5% and 3.2% over the same period. However, the three tokens are still holding two-digit losses for the past seven days.\nDespite the low price opportunities, a lack of liquidity is keeping investors away from the market,accordingto Petscher, who said “traders are openly discussing having no liquidity and no plans to take advantage of historically low prices across blockchains.”\nBlur, the leading NFT marketplace,launchedits version 2 trading platform on Thursday, which introduced a 50% cut in gas fees and a new “trait bidding” feature, which allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\nHowever, the update doesn’t appear to be attracting traders. According to data from blockchain aggregatorDefiLlama, the total value locked on Blur was US$134.96 million on Friday, down from 155.68 million on Wednesday.\n“There’s also talk of ETH being withdrawn from Blur’s ETH pool as some of the biggest pointsfarmersare upset with the ongoing Season 2 of farming,” said Petscher. Blurannouncedits Season 2 of farming in February and said it would distribute over 300 million Blur tokens as rewards for bidding, listing, lending and other activities in the marketplaces.\nU.S. stock futures traded lower as of 14:00 p.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also fell in the regular Thursday session.\nMost main Stock indexes across Asia also tumbled on Friday, with Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall sliding. China’sShanghai Composite Indexedged up.\nEconomic indicators out in the U.S. overnight showed increases in private sector jobs and pay, according to theADP National Employment Report published. The payroll increase is more than double the analysts’ expectation of 228,000, Reutersreportedon Thursday, despite the Federal Reserve’s monetary tightening campaign.\nTheU.S. services\xa0 purchasing managers’ index(PMI) rose to 53.9 in June, according to the Institute for Supply Management on Thursday, which beatsReuters’ projectionof 51. A reading above 50 indicates expansion, below 50 a contraction.\nThe data added to concerns that the Federal Reserve will continue its campaign of raising rates and holding them higher for longer periods to tackle inflation. The Fed meets on July 26 to make its next decision on interest rates, after leaving them unchanged in June at between 5% and 5.25%.\nTheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase, up from 88.7% on Thursday. The likelihood the Fed won’t increase is now at just 7.6%.\nInvestors are now waiting for the U.S. government’s employment report on Friday, with economists polled bythe Wall Street Journalprojecting the U.S. economy added 240,000 jobs in June, down from 339,000 in May.\n(Updates with NFT and equity sections.)', 'Bitcoin fell below the US$30,000 support line in Friday morning trading in Asia as traders took profits amid worries about interest rate hikes in U.S. markets that drove investors into so-called risk-off mode, which pulled equities lower. Ether fell along with most other top 10 non-stablecoin tokens. Solana dodged the bearish sentiment to jump more than 6%. Despite the declines, the cryptocurrency Fear & Greed Index stands in the Greed territory at 56, as institutional interest in Bitcoin looks solid.\nBitcoin fell 1.88% over the last 24 hours to US$29,919 at 07:20 a.m. in Hong Kong to post a loss of 1.68% for the past seven days, according todatafrom CoinMarketCap. The world’s leading cryptocurrency reached US$31,399 on Thursday night, the highest in 13 months.\n“With strong economic data in the US, good earning expectations and employment data in the private sector, investors are seeing increasing chances of further rate hikes; bond yields rose while equity indexes fell sharply,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“The broad sell-off in risk assets undoubtedly affected crypto traders’ sentiment and new highs were seen as a profit-taking opportunity, rather than a chance to go long and hope for even higher prices,” d’Anethan said.\nLarge financial institutions show increasing interest in Bitcoin, according to theBitcoin Monthly June 2023 Reportby asset manager Ark Invest on Thursday, which highlighted the balance of Bitcoin held on over-the-counter (OTC) desks, a proxy for institutional activity, hitting a one-year high in late June.\n“By the end of the quarter, the OTC Bitcoin balance had increased by 60% sequentially,” Ark Invest wrote in the report, which suggests “institutions and other large capital allocators are focused increasingly on Bitcoin.”\nEther fell 3.13% to US$1,851, leaving it flat for the week. The token reached a high of US$1,956 on Thursday evening, but soon lost ground as investors took profits.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours, with the exception of Solana’s SOL and Tron’s TRX.\nSolana jumped 6.48% to US$20.12, moving up 12.52% for the week. The token breached the US$20 resistance level on Thursday evening for the first time since June 7 as sentiment received a boost from apartnershipbetween Coca-Cola Serbia and Solana’s non-fungible token (NFT) platform SolSea. The two will launch Coca-Cola brand NFTs at theExit Festivalin Serbia from July 6 to 9.\nThe total cryptocurrency market cap fell 1.45% to US$1.17 trillion in the last 24 hours, while crypto trading volume rose 37.62% to US$43.26 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.38% in the 24 hours to 11:15 a.m. in Hong Kong to 2,774.37, down 2.73% for the week. The two Forkast indexes measuring the performance of Solana and Cardano NFT markets logged increases.\nBored Ape Yacht Club (BAYC) led collections by trading volumes, which rose 19.85% to US$3.49 million. Mutant Ape Yach Club (MAYC) and Azuki ranked second and third.\n“The big NFT collections who saw large decreases in their floor prices have regained some footing, and now are bouncing up or down around 5% instead of the massive double-digit swings they were seeing earlier this week and last week,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe floor price ofBAYCedged up 0.6% in the past 24 hours to 30.95 ETH (US$57,477), according to data from CoinGecko, whileMAYCandAzukidipped 1.5% and 3.2% over the same period. However, the three tokens are still holding two-digit losses for the past seven days.\nDespite the low price opportunities, a lack of liquidity is keeping investors away from the market,accordingto Petscher, who said “traders are openly discussing having no liquidity and no plans to take advantage of historically low prices across blockchains.”\nBlur, the leading NFT marketplace,launchedits version 2 trading platform on Thursday, which introduced a 50% cut in gas fees and a new “trait bidding” feature, which allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\nHowever, the update doesn’t appear to be attracting traders. According to data from blockchain aggregatorDefiLlama, the total value locked on Blur was US$134.96 million on Friday, down from 155.68 million on Wednesday.\n“There’s also talk of ETH being withdrawn from Blur’s ETH pool as some of the biggest pointsfarmersare upset with the ongoing Season 2 of farming,” said Petscher. Blurannouncedits Season 2 of farming in February and said it would distribute over 300 million Blur tokens as rewards for bidding, listing, lending and other activities in the marketplaces.\nU.S. stock futures traded lower as of 14:00 p.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also fell in the regular Thursday session.\nMost main Stock indexes across Asia also tumbled on Friday, with Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall sliding. China’sShanghai Composite Indexedged up.\nEconomic indicators out in the U.S. overnight showed increases in private sector jobs and pay, according to theADP National Employment Report published. The payroll increase is more than double the analysts’ expectation of 228,000, Reutersreportedon Thursday, despite the Federal Reserve’s monetary tightening campaign.\nTheU.S. services\xa0 purchasing managers’ index(PMI) rose to 53.9 in June, according to the Institute for Supply Management on Thursday, which beatsReuters’ projectionof 51. A reading above 50 indicates expansion, below 50 a contraction.\nThe data added to concerns that the Federal Reserve will continue its campaign of raising rates and holding them higher for longer periods to tackle inflation. The Fed meets on July 26 to make its next decision on interest rates, after leaving them unchanged in June at between 5% and 5.25%.\nTheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase, up from 88.7% on Thursday. The likelihood the Fed won’t increase is now at just 7.6%.\nInvestors are now waiting for the U.S. government’s employment report on Friday, with economists polled bythe Wall Street Journalprojecting the U.S. economy added 240,000 jobs in June, down from 339,000 in May.\n(Updates with NFT and equity sections.)', "ARK Invest: Institutional Investors Holding More Bitcoin Institutions and Other Major Capital Allocators Are Becoming More Interested in Bitcoin Institutional investors and long-term Bitcoin holders are displaying increased bullishness, with the balance of Bitcoin held on over-the-counter (OTC) desks hitting an all-time high. According to the monthly \x93earnings report\x94 published by ARK Invest, nearly 8,000 Bitcoins are held on these desks, indicating a 60% increase this quarter. According to Cathie Wood's ARK Invest, which utilizes OTC desks to represent institutional activity, the stated figures indicate that institutions and other major capital allocators are becoming more interested in Bitcoin. The report also points out that an all-time high of nearly 70% of the 19 million circulating supply of BTC has not changed in more than a year. In addition, the report displays 13 metrics for the Bitcoin network, 12 of which are bullish and only 2 of which are neutral. Grayscale's Bitcoin Trust has increased in value by twofold this year; its GBTC shares were trading at $8.65 at the beginning of the year and are now worth $20. ARK Invest recently refiled for a spot Bitcoin ETF application alongside 21Shares, and is believed to be the front-runner for a Bitcoin ETF, ahead of BlackRock and other asset managers.", "Institutional investors and long-termBitcoinholders are displaying increased bullishness, with the balance of Bitcoin held on over-the-counter (OTC) desks hitting an all-time high.\nAccording to the monthly “earnings report”publishedby ARK Invest, nearly 8,000 Bitcoins are held on these desks, indicating a 60% increase this quarter.\nAccording to Cathie Wood's ARK Invest, which utilizes OTC desks to represent institutional activity, the stated figures indicate that institutions and other major capital allocators are becoming more interested in Bitcoin.\nThe report also points out that an all-time high of nearly 70% of the 19 million circulating supply of BTC has not changed in more than a year.\nIn addition, the report displays 13 metrics for the Bitcoin network, 12 of which are bullish and only 2 of which are neutral. Grayscale's Bitcoin Trust has increased in value by twofold this year; its GBTC shares were trading at $8.65 at the beginning of the year and are now worth $20.\nARK Invest recently refiledfor a spot Bitcoin ETF application alongside 21Shares, and is believed to be the front-runner for a Bitcoin ETF, ahead of BlackRock and other asset managers.", "Institutional investors and long-termBitcoinholders are displaying increased bullishness, with the balance of Bitcoin held on over-the-counter (OTC) desks hitting an all-time high.\nAccording to the monthly “earnings report”publishedby ARK Invest, nearly 8,000 Bitcoins are held on these desks, indicating a 60% increase this quarter.\nAccording to Cathie Wood's ARK Invest, which utilizes OTC desks to represent institutional activity, the stated figures indicate that institutions and other major capital allocators are becoming more interested in Bitcoin.\nThe report also points out that an all-time high of nearly 70% of the 19 million circulating supply of BTC has not changed in more than a year.\nIn addition, the report displays 13 metrics for the Bitcoin network, 12 of which are bullish and only 2 of which are neutral. Grayscale's Bitcoin Trust has increased in value by twofold this year; its GBTC shares were trading at $8.65 at the beginning of the year and are now worth $20.\nARK Invest recently refiledfor a spot Bitcoin ETF application alongside 21Shares, and is believed to be the front-runner for a Bitcoin ETF, ahead of BlackRock and other asset managers.", 'On-chain data shows US$18 million worth of USD Coin (USDC) stablecoins were transferred on Monday from a cryptocurrency wallet linked to the imprisoned Terraform Labs chief executive officer Kwon Do-hyeong, said South Korean university professor Cho Jae-woo.\nThe USDC was swapped into cryptocurrencies that will raise problems for authorities wanting to seize Kwon’s assets, because some of the tokens are “unfreezable,” said Cho, who heads the blockchain data lab at Seoul’s Hansung University.\nThe Terraform founder, known as Do Kwon, faces fraud charges in South Korea and the U.S. linked to the US$40 billion collapse of the Terra-Luna crypto project he led.\nThe USDC transactions took place the same day that 5,292 Bitcoin worth more than US$160 million was moved from a wallet linked to theLuna Foundation Guard, a unit of Terraform Labs, according toSouth Korea’s Blockmedia.\nThe transaction was noted byWhale Alerton Twitter, though it labeled the Bitcoin as moving between two unknown wallets.\nAs the transactions took place while the Terraform chief is in jail in Montenegro on a passport forgery charge, it suggests he has outside help in moving funds to avoid the reach of authorities, said Cho, who is also an assistant professor of urban planning at Hansung.\n“It seems [Kwon] had an aide outside of jail — [moving funds] is possible if he had previously handed over his private keys when he got out on bail the last time or by some other means,” Cho said.\nCho said he spotted the movement of USDC onEtherscanon July 3 and flagged it in a tweet.\n“I was monitoring the Ethereum wallet that Kwon Do-hyeong used prior to the Terra-Luna crash and saw that there were 18,732,768 USDC,” said Cho, in an email interview withForkast.“But the entire amount suddenly moved to another wallet, and the funds became very active.”\nIn his tweet, Cho says Kwon converted the 18 million stablecoins into 4 million Aave Ethereum USDC (aEthUSDC), 12 wrapped Bitcoin (WBTC), 454 Ether, 500 staked Ether (stETH), and 1.5 million DAI stablecoin.\nAnother 5.4 million USDC and 1 million DAI were sent to another address used to serve as a liquidity pool in Curve, a decentralized finance (DeFi) protocol offering rewards to users that provide stablecoin liquidity.\n“My best guess is that the tokens are being utilized to provide liquidity to DeFi and for staking,” Cho said.\n“It is now too late to freeze Do Kwon’s USDC,” said Cho, who added that USDC’s parent company Circle can manually freeze a user’s account if required. “But ETH or WBTC do not have that kind of functionality.”\nCircle on its websitesaysit reserves the right to “block” USDC addresses and freeze associated USDC tokens if they are associated withillegal activities.\nDo Kwon, a South Korean national and a computer science graduate of Stanford University in the U.S., started Terraform Labs in 2018. He founded the Terraform algorithmic stablecoin and cryptocurrency project Terra-Luna, which collapsed in May 2022, wiping out over US$40 billion in market capitalization.\nKwon, 31, is wanted in the U.S. and South Korea where prosecutors accuse him of fraud, securities law violations and several other charges related to the Terra-Luna crash. He has denied all the allegations against him.\nThe Terra-Luna chief was convicted in Montenegro in June for attempting to travel on a forged passport and sentenced to four months in jail. Kwon’s lawyers have filed an appeal. Multiple attempts by Forkast News to reach Do Kwon for comment have not received replies.\nSouth Korean prosecutors investigating the Terra-Luna collapse have been trying to evaluate the total assets that Kwon owns, most of which they consider criminal proceeds.\nWith cryptocurrencies linked to Kwon now being moved and swapped into other tokens in different private wallets, it becomes more difficult for authorities to track Kwon’s assets, Cho said.\n“It seems that he used someone else’s name on centralized crypto exchanges, and realistically it’s difficult to evaluate how much crypto he owns,” Cho said. “At least we could identify the assets that were on-chain, but with the transfer [on July 3], that’s become much more difficult.”', "JOHANNES EISELE/AFP/Getty Images Stocks fell on Thursday as investors braced for tighter monetary policy from the Fed. Traders anticipate more rate hikes after ADP jobs data came in hot. The 10-year Treasury yield jumped above 4%, and the 2-year yield hit the highest level since 2007. US stocks fell on Thursday, as strong jobs data stoked fears that the Federal Reserve will get more aggressive on tightening. ADP private payrolls rose 497,000 in June, about double what economists expected. That could spell trouble for stocks, as Fed officials have cited an overly hot jobs market as a reason why interest rates could stay elevated. The 10-year Treasury yield jumped above 4%, and the 2-year yield hit 5.120%, the highest since 2007, as markets braced for a higher-for-longer interest rate regime. Markets are waiting for the Labor Department's June jobs report to be released Friday, and economists expect payroll gains of 225,000, down from 339,000 in May. Here's where US indexes stood as the market closed 4:00 p.m. on Thursday: S&P 500 : 4,411.59, down 0.79% Dow Jones Industrial Average : 33,922.26, down 1.07% (366.38 points) Nasdaq Composite : 13,679.04, down 0.82% Here's what else is going on: The bull market in stocks will push to S&P 500 to 5,000 by 2024, Bank of America predicted. Here's what retail traders are buying to chase the rally in stocks, according to Vanda Research. The slowdown in US spending could eventually hit the stock market, experts said. Homebuyers flocking to Florida have driven some of its cities to be the most overvalued in the US. Russia's ruble crashed even further as Wagner's Yevgeny Prigozhin is said to be back in Russia after the failed mutiny attempt. The biggest hedge fund in the world said ChatGPT could pass its investment associate test . In commodities, bonds, and crypto: Oil prices climbed, with West Texas Intermediate up 0.1% to $71.85 a barrel. Brent crude , the international benchmark, edged higher by 0.05% to $76.56 a barrel. Gold slipped 0.33% to $1,911.12 per ounce. The 10-year yield surged 9 basis points to 4.041%. Bitcoin dipped 0.7% to $30,289. Read the original article on Business Insider View comments", "• Stocks fell on Thursday as investors braced for tighter monetary policy from the Fed.\n• Traders anticipate more rate hikes after ADP jobs data came in hot.\n• The 10-year Treasury yield jumped above 4%, and the 2-year yield hit the highest level since 2007.\nUS stocks fell on Thursday, as strong jobs data stoked fears that the Federal Reserve will get more aggressive on tightening.\nADP private payrolls rose 497,000 in June, about double what economists expected. That could spell trouble for stocks, as Fed officials have cited an overly hot jobs market as a reason why interest rates could stay elevated.\nThe 10-year Treasury yield jumped above 4%, and the 2-year yield hit 5.120%, the highest since 2007, as markets braced for a higher-for-longer interest rate regime.\nMarkets are waiting for the Labor Department's June jobs report to be released Friday, and economists expect payroll gains of 225,000, down from 339,000 in May.\nHere's where US indexes stood as the market closed 4:00 p.m. on Thursday:\n• S&P 500:4,411.59, down 0.79%\n• Dow Jones Industrial Average:33,922.26, down 1.07% (366.38 points)\n• Nasdaq Composite:13,679.04, down 0.82%\nHere's what else is going on:\n• The bull market in stocks will push to S&P 500 to 5,000by 2024, Bank of America predicted.\n• Here's what retail traders are buyingto chase the rally in stocks, according to Vanda Research.\n• The slowdown in US spendingcould eventually hit the stock market, experts said.\n• Homebuyers flocking to Floridahave driven some of its cities to be the most overvalued in the US.\n• Russia's ruble crashed even furtheras Wagner's Yevgeny Prigozhin is said to be back in Russia after the failed mutiny attempt.\n• The biggest hedge fund in the world saidChatGPT could pass its investment associate test.\nIn commodities, bonds, and crypto:\n• Oil prices climbed, withWest Texas Intermediateup 0.1% to $71.85 a barrel.Brent crude, the international benchmark, edged higher by 0.05% to $76.56 a barrel.\n• Goldslipped 0.33% to $1,911.12 per ounce.\n• The10-year yieldsurged 9 basis points to 4.041%.\n• Bitcoindipped 0.7% to $30,289.\nRead the original article onBusiness Insider", 'Web3 activity increased in June despite regulatory actions targeting top centralized exchanges, according to a new report from DappRadar. The report found that nearly 2M wallets interacted with dApps daily in June, a 1.4% increase compared to May. While web3 gaming held its position as the top sector with 36% of users, DeFi closely followed with 35% after growing 14%. Six of the ten most popular dApps represent the DeFi sector. DappRadar attributed the increased adoption to airdrop hunters racking up transactions on Layer 2s zkSync Era and StarkNet , in addition to the cross-chain bridging protocol LayerZero . Web3 Apps Gained Users In June Despite Regulatory Challenges: DappRadar The increase in web3 activity follows June’s tumultuous news cycle. The month began with the crypto markets tumbling after the U.S. Securities and Exchange Commission filed lawsuits against top centralized exchanges Coinbase and Binance . However, the SEC went on to approve a new custodial crypto exchange backed by financial incumbents Citadel Securities and Charles Schuab the following week. With the news coinciding with a flurry of filings for Bitcoin ETFs , Wall Street’s renewed interest ignited bullish momentum for digital asset prices. Ethereum Users Plummet Despite the broader dApp sector hosting an increase in users, the number of active wallets on Ethereum crashed by 50% to 77,000 in June. DappRadar attributed the decline to a sharp drop in NFT activity. Ethereum is now the sixth-ranked chain by unique active wallets, slipping two spots since May. BNB Chain retained its sizable lead by active users with 545,000, followed by Wax with 380,000, and Polygon with 162,000. ZkSync Era ranked fourth with 105,000 after a 52% monthly gain. Stargate, a cross-chain bridge, held its position as the most popular protocol, with 2.4M unique users in June. The popular PancakeSwap DEX’s v2 and v3 iterations ranked second and third with 987,000 and 850,000, respectively. Sweat Economy, an Ethereum and Near-based move-to-earn protocol, was fourth with 770,000 unique wallets. Story continues Active NFT Traders Drop 44% NFTs drove $888M in volume from 4.24M sales, a 17% increase over May. Blur continues to outpace OpenSea with 61% of trade volume after growing 20% in June. OpenSea hosted just 19% of volume— its lowest market share since January 2021. Blur’s NFT lending protocol, Blend , commanded 95% of NFTfi activity in June and surpassed $1B in cumulative trade volume since launching in May. However, the NFT sector suffered a 44% drop in daily active users. Nearly 87,000 unique wallets interacted with NFT protocols, the sector’s lowest level since March 2021. The bearish milestone came as the floor price for Bored Ape Yacht Club NFTs dropped to a 20-month low. Ethereum hosted 72% of NFT trade volume despite accounting for only 12% of total trades. Polygon was the top network by NFT transaction volume, with 1.3M active traders executing 35% of June’s NFT transactions. “This disparity indicates that while high-value NFT trades continue to be centered around Ethereum, transaction volumes are spreading across other platforms” Bitcoin Ordinals ranked second by volume with $96.4M. UniSat, a wallet extension for Bitcoin Ordinals and BRC-20 tokens, was the third-ranked NFT marketplace with $40M. DappRadar also noted a 7.5% uptick in peer-to-peer NFT trades.', 'Web3 activity increased in June despite regulatory actions targeting top centralized exchanges, according to a new report from DappRadar.\nThe report found that nearly 2M wallets interacted with dApps daily in June, a 1.4% increase compared to May. While web3 gaming held its position as the top sector with 36% of users, DeFi closely followed with 35% after growing 14%. Six of the ten most popular dApps represent the DeFi sector.\nDappRadar attributed the increased adoption to airdrop hunters racking up transactions on Layer 2szkSync EraandStarkNet, in addition to the cross-chain bridging protocolLayerZero.\nThe increase in web3 activity follows June’s tumultuous news cycle. The month began with the crypto markets tumbling after the U.S. Securities and Exchange Commission filed lawsuits against top centralized exchangesCoinbaseandBinance.\nHowever, the SEC went on to approve a new custodial crypto exchange backed by financial incumbents Citadel Securities and Charles Schuab the following week. With the news coinciding with a flurry of filings forBitcoin ETFs, Wall Street’s renewed interest ignited bullish momentum for digital asset prices.\nDespite the broader dApp sector hosting an increase in users, the number of active wallets on Ethereum crashed by 50% to 77,000 in June. DappRadar attributed the decline to a sharp drop in NFT activity. Ethereum is now the sixth-ranked chain by unique active wallets, slipping two spots since May.\nBNB Chain retained its sizable lead by active users with 545,000, followed by Wax with 380,000, and Polygon with 162,000. ZkSync Era ranked fourth with 105,000 after a 52% monthly gain.\nStargate, a cross-chain bridge, held its position as the most popular protocol, with 2.4M unique users in June. The popular PancakeSwap DEX’s v2 and v3 iterations ranked second and third with 987,000 and 850,000, respectively. Sweat Economy, an Ethereum and Near-basedmove-to-earnprotocol, was fourth with 770,000 unique wallets.\nNFTs drove $888M in volume from 4.24M sales, a 17% increase over May.\nBlur continues to outpace OpenSea with 61% of trade volume after growing 20% in June. OpenSea hosted just 19% of volume— its lowest market share since January 2021.\nBlur’s NFT lending protocol,Blend, commanded 95% of NFTfi activity in June and surpassed $1B in cumulative trade volume since launching in May.\nHowever, the NFT sector suffered a 44% drop in daily active users. Nearly 87,000 unique wallets interacted with NFT protocols, the sector’s lowest level since March 2021. The bearish milestone came as the floor price for Bored Ape Yacht Club NFTs dropped to a 20-month low.\nEthereum hosted 72% of NFT trade volume despite accounting for only 12% of total trades. Polygon was the top network by NFT transaction volume, with 1.3M active traders executing 35% of June’s NFT transactions.\n“This disparity indicates that while high-value NFT trades continue to be centered around Ethereum, transaction volumes are spreading across other platforms”\nBitcoin Ordinals ranked second by volume with $96.4M. UniSat, a wallet extension for Bitcoin Ordinals and BRC-20 tokens, was the third-ranked NFT marketplace with $40M.\nDappRadar also noted a 7.5% uptick in peer-to-peer NFT trades.', 'NASSAU, Bahamas, July 07, 2023 (GLOBE NEWSWIRE) --OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of July 7, 2023.\nOKX Adds OP, MASK and LINK to its Dual Investment Structured Product\nOKX has introduced three new additions to itsDual Investmentproduct: OP, MASK and LINK. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options. OKX also recently added SOL and APT to its Dual Investment ecosystem.\nThe minimum subscription amount for each token is indicated below:\n[["", "Sell high", "Buy low"], ["OP", "10 OP", "10 USDT"], ["MASK", "1 MASK", "10 USDT"], ["LINK", "1 LINK", "10 USDT"]]\nDual Investment is an advanced product that allows users to potentially maximize their profits* by choosing a major crypto pair to trade, such as BTC - USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies - depending on their target price.\nFor details on how to subscribe to Dual Investment products on OKX web and mobile,click here.\nOP is the native cryptocurrency ofOptimism, a Layer-2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency.\nMASK is the governance token that fuels theMASKnetwork, which enables users of popular social media platforms to send cryptocurrency, interact with decentralized applications and share encrypted content.\nLINK is the native token ofChainlink, a decentralized oracle network.\nNote: Returns are not guaranteed and may change without notice.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nOKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.\nAs a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.\nBeyond OKX’s exchange, the OKX Wallet is the platform\'s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.\nOKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nThe information displayed is strictly for education and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service atwww.okx.com.', "OKX NASSAU, Bahamas, July 07, 2023 (GLOBE NEWSWIRE) -- OKX , the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of July 7, 2023. OKX Adds OP, MASK and LINK to its Dual Investment Structured Product OKX has introduced three new additions to its Dual Investment product: OP, MASK and LINK. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options. OKX also recently added SOL and APT to its Dual Investment ecosystem. The minimum subscription amount for each token is indicated below: Token Minimum subscription amount Sell high Buy low OP 10 OP 10 USDT MASK 1 MASK 10 USDT LINK 1 LINK 10 USDT Dual Investment is an advanced product that allows users to potentially maximize their profits by choosing a major crypto pair to trade, such as BTC - USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies - depending on their target price. For details on how to subscribe to Dual Investment products on OKX web and mobile, click here . OP is the native cryptocurrency of Optimism , a Layer-2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency. MASK is the governance token that fuels the MASK network, which enables users of popular social media platforms to send cryptocurrency, interact with decentralized applications and share encrypted content. LINK is the native token of Chainlink , a decentralized oracle network. Note: Returns are not guaranteed and may change without notice. For more information, please visit the Support Center . For further information, please contact: [email protected] About OKX OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. Story continues As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com Disclaimer The information displayed is strictly for education and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com .", 'Bitcoin (BTC) mining stocks listed in the U.S. have more than doubled this year after being decimated in the crypto carnage of 2022, broker Bernstein said in a research report Friday. The resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting from Blackrock , Fidelity and other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a \x93revenue diversification strategy,\x94 the note said. \x93This is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,\x94 analysts led by Gautam Chhugani wrote. Bernstein notes that weaker miners with high debt are not able to survive and \x93capitulate during crypto winters,\x94 citing the recent bankruptcy of Core Scientific (CORZQ). The broker says the first round of consolidation has already played out and surviving miners are now adding capacity in anticipation of bitcoin halving, when mining rewards are cut by 50%, an event that typically drives the BTC price higher . The next bitcoin halving is likely to occur around April 2024. Wall Street giant JPMorgan also recently said in a report that over time the bitcoin mining industry will consolidate and become more competitive because only miners with lower production costs will be able to survive. Read more: Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan', 'Bitcoin (BTC) mining stocks listed in the U.S. have more than doubled this year after being decimated in the crypto carnage of 2022, broker Bernstein said in a research report Friday.\nThe resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting fromBlackrock,Fidelityand other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.\n“This is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,” analysts led by Gautam Chhugani wrote.\nBernstein notes that weaker miners with high debt are not able to survive and “capitulate during crypto winters,” citing therecent bankruptcy of Core Scientific(CORZQ).\nThe broker says the first round of consolidation has already played out and surviving miners are now adding capacity in anticipation of bitcoin halving, when mining rewards are cut by 50%, an event that typicallydrives the BTC price higher. The nextbitcoin halvingis likely to occur around April 2024.\nWall Street giant JPMorgan also recently said in a report that over time the bitcoin mining industry will consolidate and become more competitive because only miners with lower production costs will be able to survive.\nRead more:Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan', 'Bitcoin (BTC) mining stocks listed in the U.S. have more than doubled this year after being decimated in the crypto carnage of 2022, broker Bernstein said in a research report Friday.\nThe resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting fromBlackrock,Fidelityand other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.\n“This is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,” analysts led by Gautam Chhugani wrote.\nBernstein notes that weaker miners with high debt are not able to survive and “capitulate during crypto winters,” citing therecent bankruptcy of Core Scientific(CORZQ).\nThe broker says the first round of consolidation has already played out and surviving miners are now adding capacity in anticipation of bitcoin halving, when mining rewards are cut by 50%, an event that typicallydrives the BTC price higher. The nextbitcoin halvingis likely to occur around April 2024.\nWall Street giant JPMorgan also recently said in a report that over time th Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $587,238,531,625 - Hash Rate: 440586401.04601073 - Transaction Count: 556014.0 - Unique Addresses: 773326.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rose to trade above US$26,000, recovering some of the ground it lost in the week since the U.S. Securities and Exchange Commission (SEC) filed lawsuits against two of the worlds largest crypto exchanges. The U.S. regulator accuses Binance .US and Coinbase of breaking securities rules. All other top 10 non-stablecoin cryptocurrencies also gained, with Binances native token BNB leading the gains. See related article: Crypto industry reacts to SECs lawsuit against Binance Cryptos rise Bitcoin gained 1.00% to US$26,074 in the 24 hours to 4 p.m. in Hong Kong. The worlds largest cryptocurrency by market capitalization is up 1.32% on the week, according to CoinMarketCap data. Ether, the worlds second biggest cryptocurrency after Bitcoin, rose 0.64% to US$1,748 in the past 24 hours. However, it is down 3.60% over the last seven days. BNB, the native token of the worlds biggest cryptocurrency exchange Binance, climbed 5.10% to US$235, although it posted 15.11% weekly losses. The gains come after U.S. Republican Congressman Warren Davidson tweeted on Monday that he had filed a bill to restructure the SEC and remove its current chairman Gary Gensler. U.S. capital markets must be protected from a tyrannical Chairman, including the current one. Thats why I am introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come, Davidson said. SEC chairman Gary Gensler reemphasized the agencys determination to strictly regulate the crypto sector in a tweeted repost of his statement made last week. There's nothing about the crypto securities markets that suggests that investors & issuers are less deserving of the protections of our securities laws. Congress could have said in the 1930s that the securities laws applied only to stocks & bonds. For more, read my remarks: Gary Gensler (@GaryGensler) June 12, 2023 Solana, Polygon and Cardano three of the crypto tokens named by the SEC as securities all gained on Tuesday afternoon. However, all three have recorded losses of over 20% in the week since the SEC clampdown started. Story continues Solana gained 2.14% to US$15.42 in 24 hours, while Cardano rose 0.28% to US$0.2795. Polygon climbed 2.39% to US$0.6459. The recent lawsuits filed by the SEC against Binance and Coinbase indicate a significant shift in regulatory approach towards the digital asset industry, Mahin Gupta, founder of Liminal, a wallet infrastructure and custody solutions platform, said in an emailed statement. While these measures may ultimately contribute to legitimizing the Web3 industry in the long run, it is important to acknowledge that such strong actions could potentially stifle innovation, Gupta added. The increasing regulatory clampdown on cryptocurrency exchanges in the U.S. is creating opportunities in the field of digital finance in Asia. In the same week that the U.S. SEC announced it would sue Coinbase and Binance .US, stablecoin operator Circle announced that it had received a Major Payment Institution license from the Monetary Authority of Singapore (MAS), the city states central bank. Similarly, digital assets bank Sygnum said Tuesday that MAS had granted it an in-principle approval for its Major Payment Institution Licence. The bank now plans to expand its regulated operations in Singapore, including its crypto brokerage service. In the last 24 hours, the global crypto market capitalization rose 1.17% to US$1.06 trillion, and total market volume strengthened 5.57% to US$28.83 billion. Ethereum NFTs dip The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.54% to 2,964.53 in the 24 hours to 5 p.m. in Hong Kong. The index recorded losses of 9.78% over the past seven days. The Forkast ETH NFT Composite dropped 0.99% to 1,049.57 in 24 hours, while dropping 5.42% for the week. Total NFT sales volume on the Ethereum blockchain dropped 18.19% to US$11.86 million over the past 24 hours, according to CryptoSlam data . Bored Ape Yacht Club, the largest Ethereum-based NFT collection by sales volume, dropped 6.03% to US$1.38 million in 24 hours. The market is struggling due to low ETH volume, lowering prices, etc. The SEC filings are really beginning to impact the market, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Despite the negative outlook elsewhere, NFT sales volume on the Bitcoin network gained 82.66% to US$3.9 million. Sales of uncategorized Ordinals Bitcoin NFTs that are not part of an established collection climbed 1.15% to US$1.65 million. Asian, European equities rise; U.S. futures gain Stock market display board. Image: Envato Elements Asian equity markets gained on Tuesday after Chinas central bank cut its seven-day reverse repurchase rate by 10 basis points to 1.9% from 2%. The move comes as the worlds second biggest economy struggles to recover from three years of pandemic-induced disruptions. U.S. markets also showed gains amid hopes that the U.S. Federal Reserve will leave interest rates unchanged this week. The Shanghai Composite gained 0.15% and the Shenzhen Component Index rose 0.76%. Hong Kongs Hang Seng Index climbed 0.60% and Japans Nikkei 225 strengthened 1.80%. Global stock markets are likely to experience a wide boost this week not just the mega cap tech stocks as the U.S. Federal Reserve is expected to pause interest rate hikes, said Nigel Green, founder and chief executive of financial management firm deVere, in an emailed statement. The U.S. central bank is expected to keep interest rates unchanged at its meeting on June 13 and 14. Current interest rates in the U.S. are between 5% and 5.25%, the highest level since 2006, after 10 consecutive raises starting in March last year. The U.S. is also scheduled to release its latest consumer price index data later on Tuesday. Inflation in the worlds biggest economy likely slowed to 4.1% in May, from 4.9% in April and 5% in March, according to Trading Economics . U.S. stock futures mostly rose as of 7 p.m. in Hong Kong. The Dow Jones Industrial Average futures dropped 0.02% while S&P 500 futures rose 0.13%. Nasdaq 100 Futures also gained 0.30%. European bourses traded flat on Tuesday, as investors await policy decisions from both the European Central Bank (ECB) and the U.S. Fed. The ECB is scheduled to meet on Thursday and implement another 25 basis point interest rate hike to 3.5% in an attempt to curb inflationary pressures. The benchmark STOXX 600 rose 0.03% and Germanys DAX 40 gained 0.09% during afternoon trading hours in Europe. The eurozone reportedly slipped into recession in the first three months of 2023. High inflation, rising interest rates and treacherous periods of volatility have defined much of the past 12 months all of which have made for extremely difficult trading conditions, Daniela Hathorn, Senior Market Analyst at trading platform Capital.com, said in an emailed statement. The challenging market is hitting everyone at present, but one way to try and slow the tide is by diversifying your investments. Its better to spread the risk across different asset classes, companies and investments than to pursue profits from one single area that could quickly go south, Hathorn added.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023. Liu Jie/Xinhua via Getty Images US stocks fell in volatile trade on a cooler-than-expected jobs report from the Labor Department. But wage growth was hotter than predicted, at a 4.4% jump on an annual basis. This reignited concerns over the Federal Reserve's next steps, which might mean tighter policy. US stocks finished lower on Friday amid volatile trade and capped weekly losses as Wall Street digested the latest jobs report. The Labor Department reported 209,000 new jobs were created, below expectations, after ADP's payroll report Thursday showed blowout gains. However, the government's report Friday also found that wage growth saw a 4.4% jump on an annual basis, which could prompt the central bank to continue lifting interest rates to rein in inflation. Stocks seesawed between losses and gains over the course of the day before closing lower. For the week, the S&P 500 lost 1.16%, the Nasdaq declined 0.92%, and the Dow sank 1.96%. Here's where US indexes stood at the 4:00 closing bell on Friday: S&P 500 : 4,398.95, down 0.29% Dow Jones Industrial Average : 33,734.88, down 0.55% (187.38 points) Nasdaq Composite : 13,660.72, down 0.13% Here's what else is going on: The Russian ruble has nowhere to go as it continues to be brought down by capital flight and declining tax revenue, economist Konstantin Sonin said. Bank of America broke down three things that are about to go wrong in markets and the economy. Some cities can expect their commercial property values crater by up to 40% by 2025 , Capital Economics wrote. Rivian shares extended their rally as Wedbush's Dan Ives sees a turnaround in the company's EV production . In commodities, bonds, and crypto: Oil gained on Friday. West Texas Intermediate climbed 2.9% to $72.10 a barrel. Brent crude , the international benchmark, rose by 2.6% to $78.39 a barrel. Gold edged up 0.19% to $1,925.31 per ounce. The 10-year yield moved up 1.9 basis points to 4.06%. Bitcoin fell 0.15% to $30,206. Read the original article on Business Insider", "• US stocks fell in volatile trade on a cooler-than-expected jobs report from the Labor Department.\n• But wage growth was hotter than predicted, at a 4.4% jump on an annual basis.\n• This reignited concerns over the Federal Reserve's next steps, which might mean tighter policy.\nUS stocks finished lower on Friday amid volatile trade and capped weekly losses as Wall Street digested the latest jobs report.\nThe Labor Department reported 209,000 new jobs were created, below expectations, after ADP's payroll report Thursday showed blowout gains.\nHowever, the government's report Friday also found that wage growth saw a 4.4% jump on an annual basis, which could prompt the central bank to continue lifting interest rates to rein in inflation.\nStocks seesawed between losses and gains over the course of the day before closing lower. For the week, the S&P 500 lost 1.16%, the Nasdaq declined 0.92%, and the Dow sank 1.96%.\nHere's where US indexes stood at the 4:00 closing bell on Friday:\n• S&P 500: 4,398.95, down 0.29%\n• Dow Jones Industrial Average: 33,734.88, down 0.55% (187.38 points)\n• Nasdaq Composite: 13,660.72, down 0.13%\nHere's what else is going on:\n• The Russian ruble has nowhere to goas it continues to be brought down by capital flight and declining tax revenue, economist Konstantin Sonin said.\n• Bank of America broke downthree things that are about to go wrongin markets and the economy.\n• Some cities can expect theircommercial property values crater by up to 40% by 2025, Capital Economics wrote.\n• Rivian shares extended their rally asWedbush's Dan Ives sees a turnaround in the company's EV production.\nIn commodities, bonds, and crypto:\n• Oil gained on Friday.West Texas Intermediateclimbed 2.9% to $72.10 a barrel.Brent crude, the international benchmark, rose by 2.6% to $78.39 a barrel.\n• Goldedged up 0.19% to $1,925.31 per ounce.\n• The10-year yieldmoved up 1.9 basis points to 4.06%.\n• Bitcoinfell 0.15% to $30,206.\nRead the original article onBusiness Insider", "(Bloomberg) -- A Chinese industry body of automakers retracted a two-day-old pledge not to resort to “abnormal pricing practices,” earlier seen as an effort to end a bruising price war in the country’s electric-vehicle market.\nMost Read from Bloomberg\n• How Much Income You Need to Crack America's Richest 1%\n• Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud\n• DeSantis Says No Thanks to $377 Million in US Energy Funds\n• Fund Titans Are Betting on Everything Gaining Against the Dollar\n• Epstein-Staley Emails Reveal Friendship Forged at JPMorgan\nThe China Association of Automobile Manufacturers is deleting one of the four commitments signed on Thursday by 16 companies at an event it organized, which promised to refrain from practices that disrupt fair market competition, it said in a statement posted on its website on Saturday.\nThe reference to “pricing” in the pledge was inappropriate and in breach of a principle enshrined in the nation’s anti-trust law, the association said. The retraction came after the clause drew “widespread attention,” according to the statement.\nThe association urged the 16 companies and other members to strictly follow the anti-trust law and other rules that encourage independent pricing and fair competition.\nRead more: Tesla and Chinese Rivals Signal Truce in Brutal EV Price War\nTesla Inc. was the only foreign brand among the automakers that took part in the signing ceremony in Shanghai, committing to a four-point pledge. The companies also included BYD Co., Nio Inc., Xpeng Inc., Geely and Chery Automobile Co.,.\nAustin, Texas-based Tesla started cutting prices in China late last year, prompting other major brands to join in with steep discounts in the earlier part of 2023 as sales slowed.\nThe lagged impact of Covid restrictions and expectations of further price cuts weakened car demand in the world’s second-largest economy. The government has started a campaign to promote EV adoption in rural areas, among other measures to lift the auto industry and wider consumption.\nRead more: Tesla Offers More Incentives for Model 3 and Y Buyers in China\n--With assistance from Chunying Zhang and Bei Hu.\nMost Read from Bloomberg Businessweek\n• South Korea’s Archaic Rental System Is Costing People Their Life Savings\n• A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows\n• New Bitcoin ETFs Now? Amid the Crypto Crackdown?\n• Americans Prepare for Tighter Budgets as Student Loan Payments Resume\n• iQuit: My Hellish Attempt to Leave Apple’s Walled Garden\n©2023 Bloomberg L.P.", "(Bloomberg) -- A Chinese industry body of automakers retracted a two-day-old pledge not to resort to \x93abnormal pricing practices,\x94 earlier seen as an effort to end a bruising price war in the country\x92s electric-vehicle market. Most Read from Bloomberg How Much Income You Need to Crack America's Richest 1% Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud DeSantis Says No Thanks to $377 Million in US Energy Funds Fund Titans Are Betting on Everything Gaining Against the Dollar Epstein-Staley Emails Reveal Friendship Forged at JPMorgan The China Association of Automobile Manufacturers is deleting one of the four commitments signed on Thursday by 16 companies at an event it organized, which promised to refrain from practices that disrupt fair market competition, it said in a statement posted on its website on Saturday. The reference to \x93pricing\x94 in the pledge was inappropriate and in breach of a principle enshrined in the nation\x92s anti-trust law, the association said. The retraction came after the clause drew \x93widespread attention,\x94 according to the statement. The association urged the 16 companies and other members to strictly follow the anti-trust law and other rules that encourage independent pricing and fair competition. Read more: Tesla and Chinese Rivals Signal Truce in Brutal EV Price War Tesla Inc. was the only foreign brand among the automakers that took part in the signing ceremony in Shanghai, committing to a four-point pledge. The companies also included BYD Co., Nio Inc., Xpeng Inc., Geely and Chery Automobile Co.,. Austin, Texas-based Tesla started cutting prices in China late last year, prompting other major brands to join in with steep discounts in the earlier part of 2023 as sales slowed. The lagged impact of Covid restrictions and expectations of further price cuts weakened car demand in the world\x92s second-largest economy. The government has started a campaign to promote EV adoption in rural areas, among other measures to lift the auto industry and wider consumption. Story continues Read more: Tesla Offers More Incentives for Model 3 and Y Buyers in China --With assistance from Chunying Zhang and Bei Hu. Most Read from Bloomberg Businessweek South Korea\x92s Archaic Rental System Is Costing People Their Life Savings A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows New Bitcoin ETFs Now? Amid the Crypto Crackdown? Americans Prepare for Tighter Budgets as Student Loan Payments Resume iQuit: My Hellish Attempt to Leave Apple\x92s Walled Garden ©2023 Bloomberg L.P.", 'Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips. When people think NFTs, they often think of Bored Ape Yacht Club. Since it launched in 2021, the profile picture project\'s fate has been inextricably linked with non-fungible tokens and vice versa—for better or worse. And with the NFT market spiraling, the Bored Ape Yacht Club has been dragged into a whirlpool. Although still leading all collections in trading volume, in June, BAYC\'s price floor hit its lowest point in 20 months, according to a report by DappRadar . The lowest purchase price for one of the unamused simian cartoons was about $52,000 on Sunday. Just a month ago you couldn\'t get one for less than $90,000, almost double Sunday\'s price, according to CoinGecko . The collection\'s decline in value tracks with the overall NFT market, which fell 38% quarter-over-quarter to just under $3 billion, DappRadar reported. The falling price floor has popped the bubble of some collectors who have tried to get liquidity by using Bored Apes as collateral. On Monday, BendDAO, a lending protocol that helps facilitate some of these NFT-backed loans, had 27 Bored Apes and 25 Mutant Apes up for auction, as reported by Protos . According to Gabe Frank, the cofounder of NFT lending protocol Arcade, some investors got in over their heads. "Some ape NFT owners are over-leveraged, meaning they can\'t repay their loans or are facing forced sell-offs on certain platforms where liquidation occurs," he told me via email. Some have blamed the mass liquidations on Blur, the upstart marketplace that also has an NFT lending protocol. Others noted that Azuki\'s missteps with the new Elementals collection exacerbated the problem. Whatever the root cause, the ripple effects have been significant. The liquidations caught up with one Bored Ape owner, Ramon Govea, the founder of Myth Division, who took out a loan to help build his Web3 business. "Many will celebrate this news, because that’s the nature of this space, but I have worked with integrity the entire time I’ve been here, so it’s painful to think that doing the right thing often ends with well-intended people getting rekt and scammers moving on unscathed to spin another scam," he wrote in a Sunday tweet. A day I feared has finally come. Over the last 2.5 years I have spent over to $1 Million in NFT profits investing back into the @MythDivision community- paying employees, consultants, devs, artists & executives. Many of those people fell short in helping Myth Division flourish,… pic.twitter.com/bNGfXHrlHt — American Ape (@RamonGovea) July 2, 2023 Look no further than Crypto Twitter to see more of the immediate consequences. Several people said they liquidated their BAYCs over the past few days, some because of the lower floor price, some because they just made bad calls. Story continues Yo bro why is my whole timeline of bayc asking for donations to not get liquidated lmao??!? — Manuzxq (@Manuzxq) July 3, 2023 There have also been random acts of kindness. But sometimes hard lessons, are just that...hard. If you ever had any doubt about @BoredApeYC community...i was devastated today as i thought my ape was gonna be liquadated...many apes dmed me in support...one ape in particular @apeapebaby legit offered me 8.5 eth to help me pay it back...HE SENT IT AND ...I did !!! and im never… — 🍌 Marty McApe-BAYC 7436 (@chrisdevlin7700) July 4, 2023 In other news Major League Baseball is set to debut a new virtual stadium this weekend. Created by metaverse technology company Improbable , it will let fans interact and watch games together in the digital ballpark through MLB.com, according to a press release. Major League Baseball plans to launch a virtual stadium for digital savvy fans. Tom Brady -cofounded company Autograph is shifting its focus away from NFTs after the company\'s revenue fell significantly in 2022. The company is instead focusing on helping celebrities build and foster their fanbases. (020308 Glendale, AZ ) New England Patriots quarterback Tom Brady #12 looked glum as he exited the field with Logan Mankins, left, after the New England Patriots blew their chance at a perfect season by losing 17-14 to the NY Giants at SuperBowl XLII at University of Phoenix Stadium on Sunday, February 3, 2008. Staff Photo by Matthew West. (Photo by Matthew West/MediaNews Group/Boston Herald via Getty Images) Open platform fxhash is set to expand from the Tezos blockchain to Ethereum . The generative art platform, which hosts work from artists such as Zancan , William Mapan , and Melissa Wiederrecht , decided to expand beyond Tezos because of feedback from partners, according to Decrypt. The outlet noted that the Ethereum blockchain offers artists better visibility and higher asking prices for their work. Bitcoin NFTs, or Ordinals , reached $210 million in trading volume in the second quarter, according to a report by DappRadar . Trading volume for Ordinals sharply increased in the second quarter, jumping from $7.18 million in the first three months of the year. NFTTrade , a marketplace for non-fungible tokens, integrated the XRP Ledger into its platform this week. Integrating with the open-source blockchain will allow the platform to offer protocol-level royalty protections for creators. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here\'s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home View comments', 'Welcome to This Week in the Metaverse, whereFortunerounds up the most interesting news in the world of NFTs, culture, and the metaverse. Email [email protected] with tips.\nWhen people think NFTs, they often think of Bored Ape Yacht Club. Since it launched in 2021, the profile picture project\'s fate has been inextricably linked with non-fungible tokens and vice versa—for better or worse.\nAnd with the NFT market spiraling, the Bored Ape Yacht Club has been dragged into a whirlpool.\nAlthough still leading all collections in trading volume, in June, BAYC\'s price floor hit its lowest point in 20 months, according toa report by DappRadar. The lowest purchase price for one of the unamused simian cartoons was about $52,000 on Sunday. Just a month ago you couldn\'t get one for less than $90,000, almost double Sunday\'s price,according to CoinGecko.\nThe collection\'s decline in value tracks with the overall NFT market, which fell 38% quarter-over-quarter to just under $3 billion, DappRadar reported.\nThe falling price floor has popped the bubble of some collectors who have tried to get liquidity by using Bored Apes as collateral.\nOn Monday, BendDAO, a lending protocol that helps facilitate some of these NFT-backed loans, had 27 Bored Apes and 25 Mutant Apes up for auction,as reported by Protos.\nAccording to Gabe Frank, the cofounder of NFT lending protocol Arcade, some investors got in over their heads.\n"Some ape NFT owners are over-leveraged, meaning they can\'t repay their loans or are facing forced sell-offs on certain platforms where liquidation occurs," he told me via email.\nSome have blamed the mass liquidations on Blur, the upstart marketplace that also has an NFT lending protocol. Others noted that Azuki\'smissteps with the new Elementals collectionexacerbated the problem. Whatever the root cause, the ripple effects have been significant.\nThe liquidations caught up with one Bored Ape owner, Ramon Govea, the founder of Myth Division, who took out a loan to help build his Web3 business.\n"Many will celebrate this news, because that’s the nature of this space, but I have worked with integrity the entire time I’ve been here, so it’s painful to think that doing the right thing often ends with well-intended people getting rekt and scammers moving on unscathed to spin another scam," he wrote in a Sunday tweet.\nLook no further than Crypto Twitter to see more of the immediate consequences. Several people said they liquidated their BAYCs over the past few days, some because of the lower floor price, some because they just made bad calls.\nThere have also been random acts of kindness. But sometimes hard lessons, are just that...hard.\nMajor League Baseballis set to debut a new virtual stadium this weekend. Created by metaverse technology companyImprobable, it will let fans interact and watch games together in the digital ballpark through MLB.com, according to a press release.\nTom Brady-cofounded companyAutographis shifting its focus away from NFTs after the company\'s revenue fell significantly in 2022. The companyis instead focusingon helping celebrities build and foster their fanbases.\nOpen platformfxhashis setto expand from theTezosblockchain toEthereum. The generative art platform, which hosts work from artists such asZancan,William Mapan, andMelissa Wiederrecht, decided to expand beyond Tezos because of feedback from partners, according to Decrypt. The outlet noted that the Ethereum blockchain offers artists better visibility and higher asking prices for their work.\nBitcoin NFTs, orOrdinals, reached$210 millionin trading volume in the second quarter, according to a report byDappRadar.Trading volumefor Ordinals sharply increased in the second quarter, jumping from $7.18 million in the first three months of the year.\nNFTTrade, a marketplace for non-fungible tokens, integrated theXRP Ledgerinto its platform this week. Integrating with the open-source blockchain will allow the platform to offer protocol-level royalty protections for creators.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home', 'It’s been a pretty dull bear market of late.Bitcoinhas flirted with $30,000 for some time, andEthereumhas only briefly managed to get out in front of that pesky $2,000 mark.\nIt feels like a lot of the same in DeFi. Derivative changes lead different projects to temporarily swap TVL for a period; a week later that same money flows back into the first project.\nEven Uniswap, one of the niche’s defining projects, barely registereda blip after launchingits latest iteration.\nSo, what’s next for decentralized finance? The sector’s salad days are clearly over, but does that mean DeFi has no future?\nLet’s start by first unpacking the data. Per DeFi Llama, the niche still has roughly $45 billion sloshing around across various projects. That’s miles off from its peak of $178 billion set back in November 2021, but it’s also a few projects lighter (ahemTerra).\nThese days, this value is primarily concentrated in liquid staking. Two of the ten largest projects are in this category: Lido Finance ($14.5 billion) and, ironically, Coinbase’s staked Ethereum ($2.27 billion).\nBoth have soared in popularity following the successful execution of Ethereum’s change to a proof-of-stake consensus network, giving rise to the popular term “real yield.”\nInstead of shell games played among different DeFi projects (again, Terra), the yield generated by staking ETH is about as legitimate as it gets—at least for crypto.\n3 Ways DAO Treasuries Will Hit $100B in Balances\nThere are real users swapping coins or flipping NFTs, and developers seemingly deploying smart contracts on the network every day. Those who stake their ETH are performing a real service to keep those transactions secure, and are thus rewarded.\nThat’s one future, then: DeFi products built atop and around the rise of the real yield meme. In another edition of Decrypting DeFi, we unpacked a far more complex project calledEigenlayerthat’s also riding this wave.\nThere’s also chatter of various institutional players looking to build even more products to scrape another 1% or 2% off that real yield. That’s a trend that folks should certainly keep a close eye on.\nAnother future is how another kind of yield—that of real-world assets—is turbo-charging projects like MakerDAO, and specifically, its native stablecoin DAI.\nAll Centralized Firms Are Alike—But Every DAO Is Decentralized in Its Own Way\nWhat was previously ameasly 1%, the DAI Savings Rate (DSR) has soared to just under 4% for holders who decide to deposit the dollar-pegged stablecoin into the contract.\nThe reason the protocol is able to dole out such an increase is in part due to the revenue that it’s generating from various tradfi deals the community has voted on executing.\nLast June, for example, the Maker community voted to buy short-term U.S. Treasuries and bonds from BlackRock for $500 million. The yield generated from that and other similar deals is now being redistributed to DAI holders.\nThese two futures might not be as sexy as double-digit yield farms or the food coins of yesteryear, but they’re futures nonetheless.\nAs the degens used to say in the summer of 2020: It ain’t much, but its honest work.\nDecrypting DeFi is our DeFi newsletter, led by this essay. Subscribers to our emails get to read the essay before it goes on the site. Subscribehere.', "Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) It’s been a pretty dull bear market of late. Bitcoin has flirted with $30,000 for some time, and Ethereum has only briefly managed to get out in front of that pesky $2,000 mark. It feels like a lot of the same in DeFi. Derivative changes lead different projects to temporarily swap TVL for a period; a week later that same money flows back into the first project. Even Uniswap, one of the niche’s defining projects, barely registered a blip after launching its latest iteration. So, what’s next for decentralized finance? The sector’s salad days are clearly over, but does that mean DeFi has no future? Let’s start by first unpacking the data. Per DeFi Llama, the niche still has roughly $45 billion sloshing around across various projects. That’s miles off from its peak of $178 billion set back in November 2021, but it’s also a few projects lighter ( ahem Terra ). All the money in DeFi today. Image: DeFi Llama . These days, this value is primarily concentrated in liquid staking. Two of the ten largest projects are in this category: Lido Finance ($14.5 billion) and, ironically, Coinbase’s staked Ethereum ($2.27 billion). Both have soared in popularity following the successful execution of Ethereum’s change to a proof-of-stake consensus network, giving rise to the popular term “real yield.” Instead of shell games played among different DeFi projects (again, Terra), the yield generated by staking ETH is about as legitimate as it gets—at least for crypto. 3 Ways DAO Treasuries Will Hit $100B in Balances There are real users swapping coins or flipping NFTs, and developers seemingly deploying smart contracts on the network every day. Those who stake their ETH are performing a real service to keep those transactions secure, and are thus rewarded. That’s one future, then: DeFi products built atop and around the rise of the real yield meme. In another edition of Decrypting DeFi, we unpacked a far more complex project called Eigenlayer that’s also riding this wave. There’s also chatter of various institutional players looking to build even more products to scrape another 1% or 2% off that real yield. That’s a trend that folks should certainly keep a close eye on. Story continues Another future is how another kind of yield—that of real-world assets—is turbo-charging projects like MakerDAO, and specifically, its native stablecoin DAI. All Centralized Firms Are Alike—But Every DAO Is Decentralized in Its Own Way What was previously a measly 1% , the DAI Savings Rate (DSR) has soared to just under 4% for holders who decide to deposit the dollar-pegged stablecoin into the contract. The reason the protocol is able to dole out such an increase is in part due to the revenue that it’s generating from various tradfi deals the community has voted on executing. Last June , for example, the Maker community voted to buy short-term U.S. Treasuries and bonds from BlackRock for $500 million. The yield generated from that and other similar deals is now being redistributed to DAI holders. These two futures might not be as sexy as double-digit yield farms or the food coins of yesteryear, but they’re futures nonetheless. As the degens used to say in the summer of 2020: It ain’t much, but its honest work. Decrypting DeFi is our DeFi newsletter, led by this essay. Subscribers to our emails get to read the essay before it goes on the site. Subscribe here .", 'Wall Street heavyweights are changing their tune on crypto.\nTake BlackRock CEO Larry Fink, who in 2017 dismissed bitcoin as "an index of money laundering." Last week, the chief of the world\'s largest asset manager gave a starkly different appraisal of the most popular cryptocurrency, saying it is "digitizing gold" and could "revolutionize finance."\nSubscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.\nThen there\'s fellow billionaire financier Ken Griffin, who blasted the sector as a "jihadist call" against the dollar two years ago. Now, his hedge fund, Citadel Securities, is backing a recently launched platform that allows institutional investors to trade the digital assets.\nFidelity Investments, the nation\'s largest 401(k) administrator, is another example. The 77-year-old financial stalwart is nobody\'s idea of an anti-establishment renegade. Yet it, too, is moving on several fronts to get into crypto. It started allowing workers to invest a portion of their retirement savings in bitcoin last year. Its subsidiary Fidelity Digital Assets joined Citadel - and Charles Schwab - in investing in the new crypto exchange, called EDX. And like BlackRock, it is seeking approval from the Securities and Exchange Commission to introduce a publicly listed fund that will track the real-time price of bitcoin.\nThe cryptocurrency industry built a cultlike fan base in the United States by promising to break Wall Street and Washington\'s joint grip on the financial system. But as the sector weathers a steep decline and faces tough new scrutiny from the SEC, some of Wall Street\'s biggest names are trying to enfold it.\nThe developments place the industry at crossroads in the United States. Popular interest in crypto has cratered after a year of spectacular meltdowns left a trail of bankrupt crypto companies, criminally charged entrepreneurs, shamed celebrity endorsers and ravaged investors. With the hype deflated, financial giants sense an opportunity for profit by offering their customers a pared-back menu of crypto products and services unlikely to raise hackles from regulators.\nWhether crypto\'s founding ambition to democratize finance survives remains an open question.\n"Assets often move from weak hands to strong hands during bear markets," said Matthew Sigel, the head of digital assets research at fund manager VanEck. "We think that\'s what is happening in crypto. A lot of losses last year were taken by retail or immature players, and now here come the big boys" of traditional finance.\nThose firms can pick up where collapsed crypto companies left off, said Tyler Gellasch, president and CEO of the investor advocacy organization Healthy Markets.\n"While many crypto firms built their businesses around not complying with the law, traditional finance firms have already mastered making money trading an asset or operating an exchange while also complying with securities laws," he explained. "The SEC might appreciate that, and certainly serious institutional and individual investors would."\nFidelity declined to comment. But Jamil Nazarali - the CEO of EDX, the crypto trading platform for institutional investors that the firm is backing - said that "more firms are coming" even while some in the financial establishment wait for more regulatory clarity before jumping in.\n- - -\nAfter the reckoning\nFor some financiers, the development marks an inevitable reckoning for a sector that at its late 2021 peak had grown into a $3 trillion juggernaut seemingly overnight while flouting decades of investor protection laws.\n"More and more people are coming to the realization that, like it or not, cryptocurrencies are here to stay, and the current environment and market structure for cryptos lacks a lot of the protections that we have come to take for granted in traditional finance," said Nazarali, who left Citadel last year to launch EDX.\nThose protections were at best an afterthought for venture capitalists, entrepreneurs and everyday traders who jumped into crypto as it started a rocket-like ascent two years ago. Americans stuck at home during the coronavirus pandemic and suddenly flush with stimulus checks opened up a vast new pool of money for an industry that had long been the preserve of a hardcore fringe.\nSocial media tales of instant riches minted seemingly out of thin air on new crypto tokens helped fuel a viral craze, as millions of Americans flocked to platforms like Coinbase that made it easy to open an account and start trading from a smartphone. At its peak in November 2021, the value of the overall crypto market had quadrupled since the start of that year. The industry became a pop-culture phenomenon, with trading platforms Crypto.com and FTX shelling out tens of millions of dollars to affix their names to major sports arenas and crypto ads dominating the Super Bowl broadcast in early 2022.\nThen, even faster than the crypto bubble inflated, it popped. The implosion in May 2022 of a digital coin called TerraUSD set off a chain reaction that toppled three other major crypto companies in the ensuing weeks, pummeling investor confidence and cutting the value of the overall market roughly in half. The already devastated sector was dealt another punishing blow in November, when FTX - one of the world\'s largest crypto exchanges that had billed itself as a responsible operator - collapsed and led to allegations that its executives fraudulently misappropriated customer funds on risky investments and personal expenses.\nBitcoin has staged a major comeback this year, nearly doubling in price. It rallied strongly in March as midsize bank failures shook confidence in the banking system and has been surging again in recent weeks on news of the institutional appetite for the asset.\n- - -\nOne-two punch\nThe SEC - whose chairman, Gary Gensler, long has accused crypto companies of operating illegally - effectively rang a closing bell on crypto\'s Wild West era last month. The agency took its most aggressive steps yet toward cracking down on the sector when it sued Binance and Coinbase, two of the largest crypto trading platforms, on successive days. It charged both with violating securities laws meant to shield against conflicts of interest and provide basic disclosures to investors.\nThe SEC\'s one-two punch against companies with starkly divergent approaches to regulatory compliance signaled its aggressive new push to police the industry. Binance, which operates offshore, still faces criminal probes from U.S. authorities; the U.S.-based Coinbase, by contrast, is publicly traded and has styled itself as a safe option for everyday investors.\n"We knew something was coming, but we didn\'t expect it to be so expansive," Blockchain Association CEO Kristen Smith said. She pointed to the SEC\'s decision in the Coinbase suit to argue that 13 crypto tokens listed on the platform qualify as securities, a designation subjecting them to the agency\'s oversight.\nAs Washington and Wall Street move in on crypto, tech-focused investors in San Francisco are moving on. In bars and restaurants, conversations about artificial intelligence have replaced the breathless talk about crypto. Venture capitalists who fashioned themselves as crypto devotees have now pivoted to AI. Tech influencers on social media who implored people to buy cryptocurrency are now posting about the wonders of ChatGPT and other AI tools.\nYoung people are moving to San Francisco to join "hacker houses" and go to parties focused on AI, sweeping aside the gold rush into crypto that had brought previous waves of people to the city looking for investors and co-founders.\nMeanwhile, the massive amounts of money that poured into crypto start-ups from venture capital firms has slowed to a trickle. In 2021, there were 794 venture capital investments made into crypto companies, totaling $18.1 billion in investment, according to research firm PitchBook. In 2022, the industry kept growing, seeing 831 deals worth $22.8 billion. But this year, the pace of investment has fallen off a cliff. Halfway through the year, there have been only 105 venture investments, and $2 billion invested.\nCrypto traders have also scaled back their activity. In May, the five largest U.S. platforms hosted a total of $56 billion worth of crypto trades, the lowest such volume since October 2020, according to Riyad Carey, a research analyst at crypto data firm Kaiko.\nIdling interest has taken a toll on Coinbase, for one, which in May reported that it lost $79 million in the first three months of the year, its fifth consecutive quarterly loss. Nonetheless, the company\'s stock has rallied in recent weeks, in part on the news that BlackRock named it as a partner for its bitcoin fund.\nDan Dolev, a Mizuho Securities analyst, said Coinbase still has little to celebrate in the face of the SEC\'s lawsuit. "I wouldn\'t bet against the regulators," he said. As he sees it, the company should embrace the inevitable and adopt a narrower - and less profitable - business model.\nEven though Coinbase has said it will continue to operate its business "as usual" while the legal process plays out, "they\'re like Wile E. Coyote after he\'s run off the cliff but before he realizes it," Dolev said. "That\'s exactly what\'s happening."\nThe Washington Post\'s Gerrit De Vynck contributed to this report.\nRelated Content\nHow Supreme Court decisions are activating a generation of young voters\nProsecutors in Trump classified documents case are facing threats\nSummer is here. Where are the fireflies?', 'Wall Street heavyweights are changing their tune on crypto. Take BlackRock CEO Larry Fink, who in 2017 dismissed bitcoin as "an index of money laundering." Last week, the chief of the world\'s largest asset manager gave a starkly different appraisal of the most popular cryptocurrency, saying it is "digitizing gold" and could "revolutionize finance." Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Then there\'s fellow billionaire financier Ken Griffin, who blasted the sector as a "jihadist call" against the dollar two years ago. Now, his hedge fund, Citadel Securities, is backing a recently launched platform that allows institutional investors to trade the digital assets. Fidelity Investments, the nation\'s largest 401(k) administrator, is another example. The 77-year-old financial stalwart is nobody\'s idea of an anti-establishment renegade. Yet it, too, is moving on several fronts to get into crypto. It started allowing workers to invest a portion of their retirement savings in bitcoin last year. Its subsidiary Fidelity Digital Assets joined Citadel - and Charles Schwab - in investing in the new crypto exchange, called EDX. And like BlackRock, it is seeking approval from the Securities and Exchange Commission to introduce a publicly listed fund that will track the real-time price of bitcoin. The cryptocurrency industry built a cultlike fan base in the United States by promising to break Wall Street and Washington\'s joint grip on the financial system. But as the sector weathers a steep decline and faces tough new scrutiny from the SEC, some of Wall Street\'s biggest names are trying to enfold it. The developments place the industry at crossroads in the United States. Popular interest in crypto has cratered after a year of spectacular meltdowns left a trail of bankrupt crypto companies, criminally charged entrepreneurs, shamed celebrity endorsers and ravaged investors. With the hype deflated, financial giants sense an opportunity for profit by offering their customers a pared-back menu of crypto products and services unlikely to raise hackles from regulators. Story continues Whether crypto\'s founding ambition to democratize finance survives remains an open question. "Assets often move from weak hands to strong hands during bear markets," said Matthew Sigel, the head of digital assets research at fund manager VanEck. "We think that\'s what is happening in crypto. A lot of losses last year were taken by retail or immature players, and now here come the big boys" of traditional finance. Those firms can pick up where collapsed crypto companies left off, said Tyler Gellasch, president and CEO of the investor advocacy organization Healthy Markets. "While many crypto firms built their businesses around not complying with the law, traditional finance firms have already mastered making money trading an asset or operating an exchange while also complying with securities laws," he explained. "The SEC might appreciate that, and certainly serious institutional and individual investors would." Fidelity declined to comment. But Jamil Nazarali - the CEO of EDX, the crypto trading platform for institutional investors that the firm is backing - said that "more firms are coming" even while some in the financial establishment wait for more regulatory clarity before jumping in. - - - After the reckoning For some financiers, the development marks an inevitable reckoning for a sector that at its late 2021 peak had grown into a $3 trillion juggernaut seemingly overnight while flouting decades of investor protection laws. "More and more people are coming to the realization that, like it or not, cryptocurrencies are here to stay, and the current environment and market structure for cryptos lacks a lot of the protections that we have come to take for granted in traditional finance," said Nazarali, who left Citadel last year to launch EDX. Those protections were at best an afterthought for venture capitalists, entrepreneurs and everyday traders who jumped into crypto as it started a rocket-like ascent two years ago. Americans stuck at home during the coronavirus pandemic and suddenly flush with stimulus checks opened up a vast new pool of money for an industry that had long been the preserve of a hardcore fringe. Social media tales of instant riches minted seemingly out of thin air on new crypto tokens helped fuel a viral craze, as millions of Americans flocked to platforms like Coinbase that made it easy to open an account and start trading from a smartphone. At its peak in November 2021, the value of the overall crypto market had quadrupled since the start of that year. The industry became a pop-culture phenomenon, with trading platforms Crypto.com and FTX shelling out tens of millions of dollars to affix their names to major sports arenas and crypto ads dominating the Super Bowl broadcast in early 2022. Then, even faster than the crypto bubble inflated, it popped. The implosion in May 2022 of a digital coin called TerraUSD set off a chain reaction that toppled three other major crypto companies in the ensuing weeks, pummeling investor confidence and cutting the value of the overall market roughly in half. The already devastated sector was dealt another punishing blow in November, when FTX - one of the world\'s largest crypto exchanges that had billed itself as a responsible operator - collapsed and led to allegations that its executives fraudulently misappropriated customer funds on risky investments and personal expenses. Bitcoin has staged a major comeback this year, nearly doubling in price. It rallied strongly in March as midsize bank failures shook confidence in the banking system and has been surging again in recent weeks on news of the institutional appetite for the asset. - - - One-two punch The SEC - whose chairman, Gary Gensler, long has accused crypto companies of operating illegally - effectively rang a closing bell on crypto\'s Wild West era last month. The agency took its most aggressive steps yet toward cracking down on the sector when it sued Binance and Coinbase, two of the largest crypto trading platforms, on successive days. It charged both with violating securities laws meant to shield against conflicts of interest and provide basic disclosures to investors. The SEC\'s one-two punch against companies with starkly divergent approaches to regulatory compliance signaled its aggressive new push to police the industry. Binance, which operates offshore, still faces criminal probes from U.S. authorities; the U.S.-based Coinbase, by contrast, is publicly traded and has styled itself as a safe option for everyday investors. "We knew something was coming, but we didn\'t expect it to be so expansive," Blockchain Association CEO Kristen Smith said. She pointed to the SEC\'s decision in the Coinbase suit to argue that 13 crypto tokens listed on the platform qualify as securities, a designation subjecting them to the agency\'s oversight. As Washington and Wall Street move in on crypto, tech-focused investors in San Francisco are moving on. In bars and restaurants, conversations about artificial intelligence have replaced the breathless talk about crypto. Venture capitalists who fashioned themselves as crypto devotees have now pivoted to AI. Tech influencers on social media who implored people to buy cryptocurrency are now posting about the wonders of ChatGPT and other AI tools. Young people are moving to San Francisco to join "hacker houses" and go to parties focused on AI, sweeping aside the gold rush into crypto that had brought previous waves of people to the city looking for investors and co-founders. Meanwhile, the massive amounts of money that poured into crypto start-ups from venture capital firms has slowed to a trickle. In 2021, there were 794 venture capital investments made into crypto companies, totaling $18.1 billion in investment, according to research firm PitchBook. In 2022, the industry kept growing, seeing 831 deals worth $22.8 billion. But this year, the pace of investment has fallen off a cliff. Halfway through the year, there have been only 105 venture investments, and $2 billion invested. Crypto traders have also scaled back their activity. In May, the five largest U.S. platforms hosted a total of $56 billion worth of crypto trades, the lowest such volume since October 2020, according to Riyad Carey, a research analyst at crypto data firm Kaiko. Idling interest has taken a toll on Coinbase, for one, which in May reported that it lost $79 million in the first three months of the year, its fifth consecutive quarterly loss. Nonetheless, the company\'s stock has rallied in recent weeks, in part on the news that BlackRock named it as a partner for its bitcoin fund. Dan Dolev, a Mizuho Securities analyst, said Coinbase still has little to celebrate in the face of the SEC\'s lawsuit. "I wouldn\'t bet against the regulators," he said. As he sees it, the company should embrace the inevitable and adopt a narrower - and less profitable - business model. Even though Coinbase has said it will continue to operate its business "as usual" while the legal process plays out, "they\'re like Wile E. Coyote after he\'s run off the cliff but before he realizes it," Dolev said. "That\'s exactly what\'s happening." The Washington Post\'s Gerrit De Vynck contributed to this report. Related Content How Supreme Court decisions are activating a generation of young voters Prosecutors in Trump classified documents case are facing threats Summer is here. Where are the fireflies?', 'Ask AI Suarez With AI in the mix, the 2024 presidential race keeps getting weirder. SOS America PAC, a Super PAC backing " Bitcoin mayor " Francis Suarez\'s 2024 presidential bid, just released a tool called " Ask AI Suarez ," a realistic, AI-powered avatar of the candidate designed to answer questions about the current Miami mayor and his campaign. "Hi, I\'m AI Francis Suarez," the bot says as it introduces itself. "You\'ve probably heard that my namesake, conservative Miami Mayor Francis Suarez, is running for president. I\'m here to answer questions you may have about Mayor Suarez\'s proven agenda for economic prosperity, cutting spending and supporting our police." "So," it continues, "how can I help?" Though a spokesperson for Suarez\'s campaign told The Miami Herald that the official campaign confusingly has "nothing to do" with AI Suarez or "whatever the PAC does," Suarez and the funding body have deep financial ties . And in any case, a deep-pocketed campaign spender deploying a lifeless deepfake of a presidential candidate to interface with citizens feels deeply dystopian \x97 not to mention a strange, cheap, and arguably lazy replacement for the real deal. Just Why Like other AI deepfakes, the bot\'s attempt at realism, from its tinny voice to its waxy expression, is just inhuman enough to be deeply unsettling. The format itself \x97 which requires users to speak to their computers like they\'re trying to talk to their Amazon remotes \x97 is tedious, to say the least. On top of that, it\'s unclear why it even needs to exist. All of its answers are pre-recorded, and the AI bot simply chooses which of those pre-recorded prompts best suits the query. And more often than not, the provided responses don\'t even do that. Case in point, when asked about hot-button conservative topics like access to abortion, for example, the bot replied with scripted monologues. But when asked about topics like environmental policy, healthcare, and Russia\'s ongoing war on Ukraine, AI Suarez launches into an unrelated spiel about Joe Biden\'s failures, protecting police officers, and China. Story continues In short, it\'s bizarre, unnecessary, and really just unhelpful. Bot Election It\'s yet another example of how burgeoning generative AI technologies, which in the US have already been used in multiple political ads related to the 2024 campaign , continue to make their way into the political sphere. And unfortunately, this might not be the last we see of AI Suarez, with a spokesperson for the PAC telling Fox News that the AI will be used as a "campaign surrogate" that might one day even do media interviews \x97 and if that doesn\'t raise all kinds of red flags, we don\'t know what will. More on AI and 2024: Ron DeSantis Ad Features AI-Generated Images of Donald Trump Kissing Fauci', 'Ask AI Suarez With AI in the mix, the 2024 presidential race keeps getting weirder. SOS America PAC, a Super PAC backing " Bitcoin mayor " Francis Suarez\'s 2024 presidential bid, just released a tool called " Ask AI Suarez ," a realistic, AI-powered avatar of the candidate designed to answer questions about the current Miami mayor and his campaign. "Hi, I\'m AI Francis Suarez," the bot says as it introduces itself. "You\'ve probably heard that my namesake, conservative Miami Mayor Francis Suarez, is running for president. I\'m here to answer questions you may have about Mayor Suarez\'s proven agenda for economic prosperity, cutting spending and supporting our police." "So," it continues, "how can I help?" Though a spokesperson for Suarez\'s campaign told The Miami Herald that the official campaign confusingly has "nothing to do" with AI Suarez or "whatever the PAC does," Suarez and the funding body have deep financial ties . And in any case, a deep-pocketed campaign spender deploying a lifeless deepfake of a presidential candidate to interface with citizens feels deeply dystopian \x97 not to mention a strange, cheap, and arguably lazy replacement for the real deal. Just Why Like other AI deepfakes, the bot\'s attempt at realism, from its tinny voice to its waxy expression, is just inhuman enough to be deeply unsettling. The format itself \x97 which requires users to speak to their computers like they\'re trying to talk to their Amazon remotes \x97 is tedious, to say the least. On top of that, it\'s unclear why it even needs to exist. All of its answers are pre-recorded, and the AI bot simply chooses which of those pre-recorded prompts best suits the query. And more often than not, the provided responses don\'t even do that. Case in point, when ask Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $588,757,364,550 - Hash Rate: 448139310.7782279 - Transaction Count: 573697.0 - Unique Addresses: 695972.0 Social & AI Sentiment: - Fear & Greed Index: 0.58 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A joint hearing on Capitol Hill sought to measure the regulatory gaps in crypto on Wednesday. The criteria for determining whether a token should be considered a security or a commodity highlighted how wide those gaps have been. The topic has been a sticking point for years, and a puzzle piece for determining to what degree the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC) have authority over the digital assets industry. During the hearing, Republican and Democratic lawmakers disagreed about whether new regulation was needed to address the classification of digital assets. Rep. Dusty Johnson (R-SD) said a lack of clarity within the existing law has been holding back innovation in the marketplace for too long. “I know this town loves kicking the can down the path,” he said. “But there are times where it's just clear, even to Congress, that action is appropriate and needed.” Johnson honed in specifically on the Howey Test, the SEC’s four-pronged assessment for determining whether an asset, such as a cryptocurrency, should be considered a security. A core element of the Howey Test looks for a reasonable expectation that profits are derived from the efforts of others—that a group of individuals, such as a token’s developers, has a sizable impact on an asset's overall price. Johnson claimed that Congress could help regulators by clearing up how decentralization plays a role, providing the CFTC and SEC with “particular triggers” that delineate when an asset can shift from being a security to a commodity, something the SEC’s former Director of Corporate Finance William Hinman hassaid is possible. During the hearing, Matthew Kulkin, a partner at the law firm WilmerHale, said that it’s challenging to identify a particular inflection point for when that may happen. “It's sort of easy to draw out the two ends of the spectrum, in terms of a token being offered to raise capital versus something that's highly commoditized,” he said. But finding a dividing line between the two is challenging, Kulkin added. For Ethereum—crypto’s second-largest token by market capitalization—leaders of the SEC and CFTC have expresseddueling opinionsabout whether the token should be considered a commodity or security. While SEC Chair Gary Gensler hasn’t directly labeled Ethereum a security—herefusedto answer questions directly posed by Rep. Patrick McHenry (R-NC) last month—he said earlier this year that “everything other than Bitcoin” falls under securities laws. But the classification of tokens isn’t all that important when it comes to regulating crypto, suggested the Subcommittee on Digital Assets’ ranking member Rep. Stephen Lynch (D-MA). “I do understand jurisdictional questions have been raised at times over whether crypto tokens are securities or commodities and whether the primary regulator of those tokens could be the SEC or CFTC,” he said. “I worry we might be asking the wrong questions, however, and we risk feeding into industry-fueled narratives about a turf war between these two agencies.” Lynch argued that concerns raised by digital asset advocates about regulatory ambiguity are actually “masked non-compliance with existing laws,” adding a new regulatory structure would undermine existing regulation. “I encourage my colleagues to not get lost in a debate over whether individual tokens are securities or commodities,” Lynch said. “Instead, we should take a step back and examine the intermediaries that facilitate these tokens.”... - Reddit Posts (Sample): [['u/Yogi_DMT', 'Why is BTC on Binance US a whole 2k+ lower than coinbase/robinhood?', 15, '2023-07-08 00:33', 'https://www.reddit.com/r/CryptoMarkets/comments/14tlpd0/why_is_btc_on_binance_us_a_whole_2k_lower_than/', ' Right now BTC/USD is trading at about 27500 on Binance US whereas bitcoin on all other platforms seems to be around 30k. Why the difference? ', 'https://www.reddit.com/r/CryptoMarkets/comments/14tlpd0/why_is_btc_on_binance_us_a_whole_2k_lower_than/', '14tlpd0', [['u/Nine_9er', 12, '2023-07-08 01:54', 'https://www.reddit.com/r/CryptoMarkets/comments/14tlpd0/why_is_btc_on_binance_us_a_whole_2k_lower_than/jr3b9ol/', 'There’s no one with USD to buy the Bitcoin. They stopped all on-ramps.', '14tlpd0']]], ['u/peasantpeon', 'Reminder, again!', 39, '2023-07-08 01:53', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/', 'Everybody get your BTC of exchanges, especially Binance.\n\nDon\\`t tell me I didnt warn you. ', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/', '14tnoe6', [['u/ILikePracticalGifts', 34, '2023-07-08 02:29', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/jr3fp81/', '> Don`t tell me I didnt warn you.\n\nDidn’t even know you existed', '14tnoe6'], ['u/Youretoo', 10, '2023-07-08 07:02', 'https://www.reddit.com/r/Bitcoin/comments/14tnoe6/reminder_again/jr4a54p/', '/r/iamthemaincharacter', '14tnoe6']]], ['u/AdDue7063', 'Scams so far in last two weeks', 34, '2023-07-08 02:34', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/', 'So as i mentioned, my sb had to move to europe somehow and left me alone. So i had to find another one, so i jumped into the bowl head first and so far these are the scammers i ran into:\n\n(1) rinser- sent me her bank account with negative balance, wanted to meet right away.. and asked for ppm for m&g, after i refused made a large scene..\n\n(2) pig slaughtering— a russian babe keeps talking about her uncle’s investment on bitcoin- after i told her i have some deriv investment can double within a week and if she would like to invest, she disappeared.\n\n(3) blackmail— someone got my phone number and reverse engineered my linkedin page and asked for money.\n\n(4) professionals, professionals, professionals….\n\n(5) picture sellers.. and stood me up on a meet and greet.\n\nGuys.. keep sharp.. this is adult swimming only.. i thought i was pretty sharp.. (3) still got me.. impeccable bio, very relatable pictures, very good reason why she needs my real number(ok i was thinking using my other brain again). But fundamentally the rule is still.. no payment until meeting people in real life.. and no compromising material..(3) actually asked for it when volunteered some naked pictures.. thank god.. thank god.. thank god…', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/', '14ton3j', [['u/asdfqwertys909', 10, '2023-07-08 02:42', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/jr3hdod/', "thank goodness its not just me. I just started seriously looking a month or two ago after a 3 year SR. it seems like the SB's in my area want allowances and everything prior to meeting for a cup of coffee, etc. apparently a lot of relatives are dying and emergency errands (?) are being run lol. quite the interesting turn of events since i last tried to find a SB.", '14ton3j'], ['u/HotGenie234', 22, '2023-07-08 03:22', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/jr3mabz/', 'Whew. I guess my newbie post attracted some vermin. I got a DM which already set off red flags. But I’m bored so I decided to play. He very quickly asked that I be his SB and he needs only emotional support not sex lmao. Then he said he was an agricultural engineer with dispensaries. \n\nCouldn’t say what city he lived in even though I asked twice. Very quickly offered me an allowance rate without prompting. When I balked and asked that we get to know each other he asked if I have an iphone. (This is obvs for reverse engineering purposes).\n\n\nUpon confirmation he asked that I email him with my iPhone. At this point I thanked him for his time, to which he responded “KYS”. To those that don’t understand this sweet acronym, it means “kll yourself”😂🥰. \nJust putting this out there for other newbies. Happy to post screenshots if that’s allowed.', '14ton3j'], ['u/Plenty_Ad_5403', 15, '2023-07-08 14:41', 'https://www.reddit.com/r/sugarlifestyleforum/comments/14ton3j/scams_so_far_in_last_two_weeks/jr5a92v/', 'Additional scam...\n(1) girl sends unsolicited nudes\n(2) then mentions she will turn 18 next month\n(3) her relative contacts SD stating to contact them for soliciting underage pics of their niece, daughter etc\n(4) if no contact they will go to the cops\n(5) "police Detective " contacts SD asking for a call back \n\nOf course all fake preying on the weak minded .... use 3rd party app for contacting to remain anonymous never use real phone numbers, email addresses etc', '14ton3j']]], ['u/Rive2099', 'Is BTC ATM the only true anonymous way to purchase BTC?', 12, '2023-07-08 03:55', 'https://www.reddit.com/r/BitcoinBeginners/comments/14tqe5d/is_btc_atm_the_only_true_anonymous_way_to/', "Explain this to me.\n\nWhat first comes to mind is this:\n\n1. I buy from an exchange.(That probably has your information.)\n2. Put BTC from exchange to hot wallet.\n3. Put BTC from hot wallet to Hard Wallet.\n4. You are now associated with your wallet.\n\nThis seems normal, but doing this there are many ways to track the purchase back to my exact wallet, and then it is compromised and no matter what someone could look at my address and find out how much BTC I have. \n\nBuying from a BTC atm makes sense:\n\n1. Buy with cash from atm.\n2. BTC directly to wallet address.\n3. Nobody knows it is your wallet, just that this address received money.\n4. You are not associated with your wallet.\n\nI've seen things about p2p websites, but this doesn't make sense either:\n\n1. Connect some form of banking/credit line to a p2p website:\n2. Money goes into p2p website and BTC is sent to your address.\n3. Nobody knows your wallet, but they do know that money from your identity was used to purchase x amount of BTC.\n\nSo does this mean the only way to really purchase BTC without anyone ever knowing you purchased BTC is by buying from an BTC ATM?\n\nSorry if this was confusing. Thanks for help in advance.", 'https://www.reddit.com/r/BitcoinBeginners/comments/14tqe5d/is_btc_atm_the_only_true_anonymous_way_to/', '14tqe5d', [['u/bitusher', 12, '2023-07-08 04:21', 'https://www.reddit.com/r/BitcoinBeginners/comments/14tqe5d/is_btc_atm_the_only_true_anonymous_way_to/jr3t2pp/', 'There are many ways to acquire BTC privately \n\n1) BTC atm without verification - coinatmradar.com \n\n2) receive btc for selling goods and services \n\n3) buy btc p2p in person \n\n4) mine btc \n\n5) Use a DEX like robosats or bisq or \n\nhttps://github.com/cointastical/P2P-Trading-Exchanges\n\n6) Buy BTC with ID than regain privacy after the fact', '14tqe5d']]], ['u/Appropriate-Boot-172', "cheapest way to convert ETH to BTC that's on ledger?", 16, '2023-07-08 05:01', 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/', "Whats the cheapest way to convert ETH to BTC that's on ledger? I see that you can convert directly on the ledger but is this the best way to do taht?", 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/', '14trtwv', [['u/loupiote2', 10, '2023-07-08 05:14', 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/jr3z7oh/', 'Use a reputable centralized exchange like Coinbase, Binance, Kraken, Kucoin etc.', '14trtwv'], ['u/Downtown-Ad-3724', 15, '2023-07-08 06:45', 'https://www.reddit.com/r/ledgerwallet/comments/14trtwv/cheapest_way_to_convert_eth_to_btc_thats_on_ledger/jr48jrh/', 'I think OP\'s question in other words is "is it cheaper to move ETH to an exchange (which is expensive), convert it to BTC then move that BTC back to the Ledger" or just use the (also expensive) conversion feature in Ledger Live?\n\nI\'ve wondered this myself. The former is more complicated and error prone but how much expense is saved, really?', '14trtwv']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, July 08, 2023', 26, '2023-07-08 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/', '14tt1z6', [['u/ImpudicusFungus', 13, '2023-07-08 11:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr4wmhc/', 'When the time comes the move will be epic. Enjoy your weekend in the meantime.', '14tt1z6'], ['u/jarederaj', 19, '2023-07-08 14:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr59qyi/', 'Bbands continue to tighten across candles. Clear accumulation shown by OBV. Hovering under resistance for weeks.\n\nBbands on the 30 m are begging for action, but I don’t think we’re ready to pop up just yet. Weekly still has a lot to squeeze down, and sentiment was a little too positive recently.\n\nOverall, this crab has been very stable to positive.\n\nBears are being slow boiled.', '14tt1z6'], ['u/dopeboyrico', 22, '2023-07-08 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr5dngs/', 'Microstrategy owns more BTC than any other publicly traded company by far. They currently own 152,333 BTC.\n\nWho are the largest institutional owners of MSTR? Notably, several huge money managers including Capital Group, Vanguard, Fidelity, and BlackRock. Collectively they own 33.96% of all MSTR shares outstanding or 51,732 BTC currently valued at roughly $1.5 billion.\n\nWall Street isn’t waiting for a spot ETF approval to gain exposure to BTC, Wall Street is already here & ready for liftoff.', '14tt1z6'], ['u/imissusenet', 13, '2023-07-08 16:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr5j9gq/', "Some of that MSTR held by Vanguard technically belongs to me. I'm not sure Vanguard has an opinion on whether or not it's a good idea. For that matter, Vanguard no longer lets me buy GBTC (I can hold what I already own).\n\nEDIT: Grammar.", '14tt1z6'], ['u/FmgNRTJj', 10, '2023-07-08 16:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr5ow1l/', 'very much same for blackrock and fidelity. lol. passive fund ownership = wall street is ready for liftoff', '14tt1z6'], ['u/Yodel_And_Hodl_Mode', 11, '2023-07-08 21:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr6tbzr/', "Happy Saturday, the day for stacking sats. I added another 2 million to my hodl this morning.\n\nIt feels like more, saying 2 million sats rather than 0.02 BTC, even though it's the same thing.", '14tt1z6'], ['u/babyjesusftw1', 16, '2023-07-08 23:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/14tt1z6/daily_discussion_saturday_july_08_2023/jr75237/', "Looks like you've puffed enough. Time to pass", '14tt1z6']]], ['u/NaturephilicReaction', 'Bitcoin is the best performing crypto from the top 20 year to date. Most altcoin/btc pairs have been slowly bleeding lower.', 22, '2023-07-08 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/', 'Bitcoin is known as the king for a reason, this year crypto has rallied quite a bit. For all you altcoin holders, Bitcoin out pumped all of you. This is the result of most altcoins having insane selling pressure caused by vested tokens unlocking, teams dumping to increase their runways, and all round low confidence in altcoins. The reality is 90% of altcoins will never reach their all time highs again although many of us believe "our" altcoin is the best and it will be the one to pump the most in the bull.\n\nJust like how the previous bull run worked, there will be a new crypto that probably hasn\'t even launched yet, that will pump the hardest. \n\n\nSource - https://imgur.com/a/txNG8rd', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/', '14tuckj', [['u/Mooncow027', 10, '2023-07-08 07:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/jr4b6nz/', "It took me years to come to that conclusion. For now it's going to be 75% BTC and 25% ETH. I've lost on far too many previously.", '14tuckj'], ['u/Mancheee', 25, '2023-07-08 08:17', 'https://www.reddit.com/r/CryptoCurrency/comments/14tuckj/bitcoin_is_the_best_performing_crypto_from_the/jr4gkv4/', 'Show the gains in the bull market though! Alts gain a lot more percentage.\n\nHigh market cap insulates btc in bear market, but the gains in a bull market are also smaller for btc compared to alts. Its high risk high reward with alt coins. So I guess its what you prioritize', '14tuckj']]], ['u/rBitcoinMod', 'Daily Discussion, July 08, 2023', 29, '2023-07-08 08:04', 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14sybs0/daily_discussion_july_07_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/', '14tvjxe', [['u/Appropriate-Fun8241', 12, '2023-07-08 12:13', 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/jr4xl8e/', 'Just ordered my coldcard wallet', '14tvjxe'], ['u/Llonga', 11, '2023-07-08 20:45', 'https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/jr6m39r/', 'Let’s get to 100k first shall we?', '14tvjxe']]], ['u/Matth3w_95', 'I want to hear your degen strategies', 11, '2023-07-08 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/', "Hello everyone! This sub always advices safer investment strategies, like DCAing into BTC and ETH, keeping it in your cold wallet and just waiting. I agree with that and it's exactly what I'm doing with the vast majority of the funds I invested into crypto. \nToday though, I would like to hear some advanced, degenerate strategy you're actually testing out. Maybe it's hunting for airdrops or a complex process of liquidity farming on multiple protocols, or maybe it's day trading based on some technical analysis. I would love to read the results you obtained. \nDisclaimer: I'm not looking for a magic idea to become rich, I just like to learn new things about crypto and make some experiment with DeFi with a small amount of money. \n\nThank you for you answers.", 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/', '14tw4m0', [['u/ChemicalAnybody6229', 12, '2023-07-08 09:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/jr4k8lb/', 'My degen strategy is going 100x leverage on pepe 2.0. Am I a good trader?', '14tw4m0'], ['u/365Dillweed365', 11, '2023-07-08 09:11', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/jr4kql8/', 'I’m trying to forget I own crypto. I hope to remember after three cycles and be fabulously rich; come on now, let’s go!', '14tw4m0'], ['u/podfather2000', 13, '2023-07-08 09:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14tw4m0/i_want_to_hear_your_degen_strategies/jr4n047/', 'Not good. The best.', '14tw4m0']]], ['u/sirnoggin', "Hey guys! I just donated my 1080ti to my friend, it's been with me since 2017 and just upgraded to a 7900 XTX.", 607, '2023-07-08 09:34', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/', 'I thought this would be a nice post for anyone considering upgrading from their 1080ti and was lagging for a few years like me.\n\n\n\nLike everyone else, the last few gens after the 1080ti weren\'t a big enough upgrade for me, the 2080 was definitely a non starter, then the 3080 came and I started peaking my ears up, but the performance gain just wasn\'t there to justify getting rid of my 1080ti.\n\n\n\nI initially had purchased the 1080ti at a bargain price during the 2017 Crypto crash, I picked up the card for a steal at about $300 from a Bitcoin mining operation that was selling them in bulk at the end of 2017 (bet they regretted that lol).\n\n\n\nThe card was a Gigabyte - and oh man it was good, but it was loud and it ran hot (80degrees under load on warhammer 2 for reference).\n\n\n\nI loved the performance though, so decided to slap a water cooler on the card from NZXT for about $100, this gave the card a new lease of life, it went from 80degrees to 50degrees under load, astronomical drop in noise and temperature. It went from a literal jet fan under load to totally silent - This is my top tip if you still have a 1080ti and you\'re looking to keep it a while longer or at least 2-3 years, get a water cooler on it and replace the base fan you won\'t regret it.\n\n\n\nBut if you\'re at the point where the 40 series cards were really exciting you by the performance upticks, I have to say your excitement is entirely justified.\n\n\n\nIn the past I bought cards in the mid end of the range, and the 1080ti was an upgrade from my 1060 which was designed as a purchase specifically to be the top end card in the world and to last a long time (I remember thinking 5-6 years was my goal to keep the 1080ti), I think I had a radeon card before then but I can\'t remember.\n\n\n\nSo back to the 40 series. Well, I crunched the numbers over about an 8 month period in line with a full system upgrade from my previous PC which I had owned for 10 years, I bought that system in 2012! And all I had done every year was upgrade the graphics card. Buying top end and replacing the graphics card every few years saved me a tonne of pain and money.\n\n\n\nI created a new system 3 months ago, 13600 Intel i5 790 motherboard 32gig ram. I put the 1080ti in there as a placeholder because I needed a few more months to see where the market would fall between the Radeon and Nvidia cards.\n\n\n\nThe top end was always going to be where I was heading, but I never seriously considered the 4090 just because of the wattage. It\'s a crazy card, and I settled on the XTX for a few reasons.\n\n\n\nIt\'s by the numbers a better performer than the 4080, its also better value for money with a bigger bus and more RAM.\n\n\n\nI considered the 4070ti, the 4080, the XT and the XTX - including doing good reasearch into all the board partners. But settled on the XTX based on the fact that in some titles it was actually going head to head objectively with the 4090 for 40% less price.\n\n\n\nI\'m not one to overclock, I like to keep cards cool and factory clocked which is what I did with the 1080ti which is why its also still running so well.\n\n\n\nHere\'s the mindblowing thing to me: The XTX in real terms after testing is a 160% to 175% increase on the performance I was getting from the 1080ti.\n\nThe card also runs on average 30 degrees cooler with the board partner I went with out off the box, its idling next to me right now at 25degrees - amazing.\n\n\n\nIf you\'re considering the cost/fun ratio of getting a new card without the insane wattage of the 4090, I absolutely recommend the 7900 xtx Sapphire Nitro.\n\n\n\nSapphire are actually cherry picking the boards for the Nitro series, which means the XTX I have performs about 15% to 20% better than the average XTX. It\'s also completely silent under load (crazy to me after jey engine gigabyte).\n\n\n\nSome things to bare in mind - I stuck with my 1080ti for so long because I am a 1080p gamer, I don\'t really see any difference or need for a 4K or 1440p setup when I play any game, and I have no interest in Ray Tracing. I feel high resolutions + ray tracing offer such completely miniscule increased "prettiness" that they are in my honest opinion completely unnessecary when gaming from a single monitor (which is still my setup). This is my opinion only based on what I like to play.\n\n\n\nAnyway, I hope that this post gives any 1080ti people on the fence about an upgrade hope. Put it like this, I\'ve gone from 40FPS in warhammer 3 to about 200FPS, and I have to cap every single game to my refresh rate - which is amazing because I\'m all about those frames :)\n\n\n\nThe Saphhire Nitro 7900 XTX specifically is an absolutely amazing card, and I can\'t recommend it enough for all those 1080ti people on the fence, it is a cherry picked board from a batch of boards with a cooler that is totally incredible.\n\n\n\nI\'m planning on slapping a water cooler on the XTX after about 3 months of solid performance and no issues (It is already quiet and cool, so this might not be nessecary, Sapphire really over engineered this card it\'s really impressive) because I\'m all about card longevity.\n\n\n\nOne thing to look out for though, if you make the plunge and grab a 7900 XTX, do not use a mid tier case, its just too big man, this thing was the length of my forearm and really fat - It came with an amazing aluminium support bracket however that sits underneith the card and keeps it from card sag, its really cleverly designed.\n\n\n\nSo! That\'s my 1080ti to 7900 XTX journey, I really hope it helps any 1080ti people on the fence about upgrading, if you\'re got a great mobo and processer, absolutely go for it, it\'s the best purchase I\'ve made in years. \n\n\n\nIf you have any questions about what I did and my process including driver uninstalls radeon impressions and coming back after a few years etc leave a comment happy to help :)\n\n', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/', '14txabd', [['u/Najiell', 32, '2023-07-08 10:03', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4ojvj/', 'I just did', '14txabd'], ['u/floeddyflo', 29, '2023-07-08 10:29', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4qecq/', 'Hey Stepdad, can I have a PC too?', '14txabd'], ['u/theincrediblepigeon', 90, '2023-07-08 11:05', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4swgt/', 'A 13600 and XTX seems like massive overkill for 1080p I can’t lie', '14txabd'], ['u/EiffelPower76', 209, '2023-07-08 11:17', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4tpiy/', 'Donating your previous GPU to a happy gamer is the best thing to do\n\nCongratulations', '14txabd'], ['u/Siridar', 62, '2023-07-08 11:42', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4vgh3/', 'Not seems, it is a massive overkill. If that what OP likes though 🤷\u200d♂️', '14txabd'], ['u/Gasmaskdude27', 16, '2023-07-08 11:48', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4vtno/', 'Should be good for the next 5 years.', '14txabd'], ['u/SpaceDandyJoestar', 10, '2023-07-08 12:12', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4xjqo/', 'Fr. In no way is the 7900XTX a competitor to the 4090', '14txabd'], ['u/Greedy_Hat2643', 10, '2023-07-08 12:39', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr4zhns/', 'Bloke wrote a book', '14txabd'], ['u/vanslayder', 29, '2023-07-08 13:04', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr51e0y/', '3080 performance was not enough to upgrade from 1080ti? And you play in 1080p? Wtf man?', '14txabd'], ['u/rico_suaves_sister', 174, '2023-07-08 13:15', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr528pf/', 'damn bro so hyped he wrote a novel', '14txabd'], ['u/da808guy', 10, '2023-07-08 13:17', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr52gkp/', 'Did you try the new drivers? I heard that alot of VR headaches have been slightly improved! ymmv depending on the game tho', '14txabd'], ['u/sumartistdunno', 11, '2023-07-08 13:28', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr53ckk/', 'my rx580 is sweating like crazy if it sees me just hovering over that resolution setting', '14txabd'], ['u/Kuro_Shinobi1993', 13, '2023-07-08 13:29', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr53hga/', "What's up with the insane wattage on the 4090 ? It's more efficient than the 7900xtx 😅\nBut if u play on 1080p it's overkill", '14txabd'], ['u/NateDadamss', 20, '2023-07-08 13:49', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr556yt/', 'dudes probably just excited to have a new card and felt good helping someone else out, not everything is about fake internet points you goon; let him have his moment', '14txabd'], ['u/Nettysocks', 12, '2023-07-08 13:50', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr55bpq/', 'Even if it’s overkill now if OP is going to be using 1080p for the long term future it makes his setup more future proofed. This rig will go on a long time I reckon', '14txabd'], ['u/bluechickenz', 10, '2023-07-08 14:32', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr59a6j/', 'No. You’re 37, son. it’s time to find a job and get your own place.', '14txabd'], ['u/BollyWood401', 64, '2023-07-08 14:58', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5c25a/', 'A whole novel just to say that upgrading from a 7 year old card has benefits lmao 💀', '14txabd'], ['u/Average_Yugo_Enjoyer', 25, '2023-07-08 15:19', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5eae4/', "Yeah that's kinda where this post lost me, 1080p with a 7900xtx is ludicrous, I understand not being hyped about 4k, but 1440p is a massive upgrade imo.", '14txabd'], ['u/NotGooseFromTopGun', 22, '2023-07-08 15:40', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5gs60/', 'Yeah this is definitely the thing to do.', '14txabd'], ['u/Dutch_H', 13, '2023-07-08 16:09', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5kc5q/', 'Lost me after the second paragraph. lol.', '14txabd'], ['u/DUIguy87', 18, '2023-07-08 16:30', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5myyt/', 'Its such a weird place to draw the line when talking about wanting to water cool a 7900xtx too. Here’s my Ferrari that I’m about to turbocharge, but I think anything above 30mph is just not worth it.', '14txabd'], ['u/Spaghetti-Bolsonaro', 11, '2023-07-08 17:17', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr5t43a/', 'He just REALLY wanted recognition for doing a good deed.', '14txabd'], ['u/Consistent_Street476', 11, '2023-07-08 18:19', 'https://www.reddit.com/r/pcmasterrace/comments/14txabd/hey_guys_i_just_donated_my_1080ti_to_my_friend/jr61o01/', 'This is how my brother got me into PC gaming. Gave me a handful of old parts and I filled in the rest. After 3 years I finally built another PC just a few weeks back so I can play modern games now too.', '14txabd']]], ['u/Sarquandingo', 'Crossing borders with seed phrase stamped on metal', 15, '2023-07-08 10:07', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/', 'Howdy doo\n\nI am packing up my life and going to be travelling around for a while.\n\nI\'ve stamped my seed phrase onto a small piece of aluminium, probably about 6"x2", as this seems better than a flimsy little bit of card.\n\nI don\'t want to leave it with the rest of my stuff as I don\'t have a high security lock up (it\'s at a friend\'s farm in a mobile container) however, my question is, when I\'m travelling , assumedly this will show up thru my bag on metal detectors and is likely to draw unwanted attention from airport security...\n\nOh what\'s this?\n\nUhh my seed phrase for my bitcoin\n\nSeems to defeat the purpose by drawing attention, and I wonder if some uneducated cross border security might even think you\'re doing something illegal.\n\nI\'m going to Asia and Europe most likely.\n\nOr am I overthinking it.\nLess concerning but still a worry is travelling with such a thing. I\'d have to keep it in my bag with me at all times I guess, it just scares me to think I\'m essentially carrying around most of my BTC everywhere I go.\n\nAny thoughts / advice appreciated.\n\nThanks.\n\n\nEdit: thanks for the replies all. Very useful suggestions here.', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/', '14txwku', [['u/Rubixonn', 12, '2023-07-08 11:04', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr4stlm/', 'Be aware that anything you type in ChatGPT can be used for further training of the model and potentially compromised.\n\nNever type your seed into anything.', '14txwku'], ['u/Miroist', 10, '2023-07-08 11:07', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr4szx6/', 'Have you a actually given your seed phrase to ChatGPT? Brother, I would migrate your funds.', '14txwku'], ['u/InstallDowndate', 39, '2023-07-08 12:24', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr4ycfx/', 'Memorize them. It’s only 12 or 24 words. YouTube how to memorize stuff. \n\nOr write a journal and use some pattern to include the words. For example page 1-24 could each include one keyword as the last word of the first sentence. \n\nOr, in your journal use a invisible ink pen to write the words down on an empty page, or one word per page across 24 pages. \n\nIf you something like this, it would still be good to memorize them just in case. \n\nFor long term storage in a station stationary spot, use metal. But if short term crossing a border can have some fun and be a hardy boy for a few days.', '14txwku'], ['u/LodbrokISkiller', 21, '2023-07-08 13:12', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr521h7/', 'Please don’t take it with you. A lot can happen during travel. Bags get stolen or lost, anything can happen.\n\nTake advice from these comments, and either store it somewhere else and/or memorize it.', '14txwku'], ['u/mightyroy', 13, '2023-07-08 15:34', 'https://www.reddit.com/r/Bitcoin/comments/14txwku/crossing_borders_with_seed_phrase_stamped_on_metal/jr5g3fi/', 'This is dangerous, if you hit your head and forgot just a couple of words you are doomed!', '14txwku']]], ['u/stox2', 'Reasons against bitcoin?', 152, '2023-07-08 10:59', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/', 'The more I am digging into the topic of bitcoin and the more posts I see here on this subreddit, I am questioning myself if there are any real arguments against bitcoin. Everything I see here are new achievements or further adoption of bitcoin. Mainstream media generally uses outdated arguments like energy inefficency or money laundering/illegal activities. But I havent come across a real negative argument. Dont get me wrong, Im totally into bitcoin but as a rational investor Im always searching for arguments of both sides. Thanks!', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/', '14tyv9x', [['u/SolidWoodTeaser', 14, '2023-07-08 11:06', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4sxuq/', 'Bitcoin is possibly the most genius invention since the wheel\n\nhttps://bitcoin.org/bitcoin.pdf', '14tyv9x'], ['u/Hank___Scorpio', 186, '2023-07-08 11:48', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4vuox/', "Humans aren't very bright and have been in this endless loop of convenience over anything.\n\nMost people have no clue as to why bitcoin is superior. Most people don't even know where to start to even begin that analysis. \n\nHow do you get people to both use something less convenient that they don't understand the reasoning behind.\n\nHumans are the strongest argument against bitcoin.", '14tyv9x'], ['u/TotesGnar', 16, '2023-07-08 11:52', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4w5dz/', 'Honestly no, there aren\'t any real arguments against it. There are good points, but generally most things are FUD or just go in circles. \n\nMost people who are against Bitcoin tend to be intellectually dishonest for the most part, so talking to them doesn\'t really go anywhere relevant.\n\nI really have tried to disprove it for myself and I have struggled.\n\n\n\nExample of a common circular argument: Bitcoin would fail as a currency due to how slow the block times are.\n\nAnswer: It doesn\'t matter. Bitcoin isn\'t trying to solve the problem of you buying Starbucks quickly. It\'s trying to solve the problem of you owning liquid property that also isn\'t debased. The real answer to this isn\'t "Bitcoin\'s block times are fine" or "We can use layer 2 solutions". These answers lead to a circular argument that can never be proven or dis-proven.\n\nNo, the answer is it doesn\'t matter. Whether Bitcoin becomes widely accepted currency or not doesn\'t matter. Bitcoin is so much more important than mere currency. It\'s solving much bigger things. As long as the Bitcoin block times are faster than buying/selling Real Estate that\'s all it needs to do to gain adoption as people understand where to store their wealth and shield it against monetary debasement over time. If you eventually can buy Starbucks with it too, that\'s a cherry on top. Next.', '14tyv9x'], ['u/Flexo82', 48, '2023-07-08 12:19', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y0zh/', 'There are very few reasons against Bitcoin that makes sense.\n\nOne thing I have come across is how do you ensure generational wealth through generations. If you loose your keys, your coins are gone.\n\nThe risk of individuals custodying their own bitcoin and not being able to hamd them down when they die is possibly the biggest risk to bitcoin as this will be a worry to Mr. And Ms. Smith.\n\nEventuelly this problem will be solved, but currently it requires trust and that is what Bitcoin was invented to eliminate from the system.', '14tyv9x'], ['u/jojothehodler', 36, '2023-07-08 12:20', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y470/', 'That is freaking true !\n\nAnd worth crying...\n\nThere are so much innovations that could make our lives better but we just don\'t collectively use it because of convenience...\n\nDecentralized internet, decentralized currency...one could even make a pretty robust political system using decentralization and "people" involvement...but it would be very hard to use...needing years of training for all...so we just sit in our own shit and yells that we are mad because it smells bad...', '14tyv9x'], ['u/mylittlegoochie', 11, '2023-07-08 12:22', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y7jg/', 'Think the only negative argument is that Bitcoin requires at the moment fiat to function as a medium of exchange. You must exchange fiat for Bitcoin and vice versa. Until you can buy property (cars, houses etc.) with Bitcoin it is going to be held back. Some see it as a scam as a result of this. Their argument is that it only works providing there is a demand for it in the sense that people will exchange fiat for it.', '14tyv9x'], ['u/Hank___Scorpio', 19, '2023-07-08 12:23', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4y9qc/', "5% off if you pay with bitcoin stickers at people's favorite retailer is literally the only thing that will drive mass adoption. Even then..... 5% is probably not enough. Probably have to be like 60.", '14tyv9x'], ['u/stox2', 10, '2023-07-08 12:27', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4ylt0/', 'Okay thats interesting, havent thought about this.', '14tyv9x'], ['u/jojothehodler', 21, '2023-07-08 12:31', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr4yull/', "Yeah, with layer 2 solutions which pretty much erase all fees, this is already a 5-15% off for the seller compared to Visa fees.\n\nThis is also a 99.9999% reduction in time to wait for a final settlement which cannot be canceled. Visa takes 6 month. BTC takes 30 minutes. Layer 2 takes 10 seconds.\n\nThere is already a very big incentive for merchants to use BTC. The only downside is complexity...which to be honest has been reduced so much in the last 10 years that it becomes more and more a bad faith argument. One could create a BTC payment system in like 2 hours...4 hours if you know nothing about it. There are dozens of helper-system already available which can make it in 10 minutes.\n\nReal real problem becomes more and more the good old habit. We (as humans) don't like change. Why change something that works ? Because you system works a thousand times better ? Meh...mine works just fine... :p\n\nThat's why what we really need is time...time to kill the bad habits...or wait until they die naturally...", '14tyv9x'], ['u/benjaminchodroff', 17, '2023-07-08 12:50', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr50anb/', 'It remains unclear (to me at least) if transaction fees alone will be enough to provide decentralized security via proof of work mining once all 21 million coins are mined. I would love to learn more from others on this subject.', '14tyv9x'], ['u/jojothehodler', 12, '2023-07-08 14:52', 'https://www.reddit.com/r/Bitcoin/comments/14tyv9x/reasons_against_bitcoin/jr5bdg3/', "And if you make 10 minutes of research on the matter, you will discover there are hundreds of technical solutions to this problem.\n\nMulti-keys, time-locks, escrows...the solutions exists...but the people don't want to make the effort to learn which is best suited for them and then setting it up. It does require a few days of efforts to make those kind of big decisions...and so you have less time for Netflix...", '14tyv9x']]], ['u/ckd001', 'Top up fees now ~5%', 15, '2023-07-08 12:10', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/', 'In the early days it used to cost less than 1% to load the Visa card with BTC or ETH (all in cost: spread plus fees). Now it’s ~5%. I realize this is a bear market and they want to make money, but I’m not prepared to take a 5% hit to spend my crypto. There are other competing products now, so this is not sustainable. Any chance things improve?', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/', '14u07o0', [['u/PaulTheMartian', 49, '2023-07-08 14:01', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/jr56bdu/', 'Simple: stop paying fees.\n\nInstead, deposit money into your fiat wallet for free. Then, move money from your fiat wallet to your debit card. No fees', '14u07o0'], ['u/KateR_H0l1day', 25, '2023-07-08 14:37', 'https://www.reddit.com/r/Crypto_com/comments/14u07o0/top_up_fees_now_5/jr59vta/', 'In the years I’ve used CDC, I’ve never once paid any fees to top up my card, I just don’t understand why people actually do this sort of thing! Unless you’ve absolutely no funds and have to resort to using your crypto as a last resort.', '14u07o0']]], ['u/Salty_Dragonfruit336', "If you're in a position to get a bitcoin, consider it.", 85, '2023-07-08 12:54', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/', "This is not financial advice, but I can honestly see, we will be talking about how many sats we have as opposed to how many btcs we have in the very near future. \n\nBitcoin is international, it cannot be manipulated by governments with sanctions etc, it's relatively easy to transact. It's a global currency that no one can dictate. It doesn't discriminate against good or evil. \n\nIt's for everyone.", 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/', '14u10uw', [['u/Hank___Scorpio', 16, '2023-07-08 13:03', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr51bfl/', "This probably isn't the sub for that.", '14u10uw'], ['u/evgeniy_pp', 21, '2023-07-08 13:03', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr51cgo/', 'Preaching to the choir.', '14u10uw'], ['u/Noremacmate', 68, '2023-07-08 13:17', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr52gqh/', "Now post this in the buttcoin sub and I'll grab my popcorn 😂🍿", '14u10uw'], ['u/son_lux_', 24, '2023-07-08 15:56', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5irh7/', 'It’s like telling r/hydrohomies to drink water instead of soda.', '14u10uw'], ['u/N7DJN8939SWK3', 22, '2023-07-08 16:44', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5oq8w/', 'Shit. I should be buying buttcoin too?', '14u10uw'], ['u/bearCatBird', 14, '2023-07-08 17:14', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5srb4/', 'It changes every cycle. \n\n2013 it was “can you get 21 btc?”\n\n2017 it was “can you get 2.1 btc?”\n\n2021 it was “can you get a whole coin?”\n\n2024 will be “can you get 21,000,000 sats?”', '14u10uw'], ['u/bearCatBird', 14, '2023-07-08 17:16', 'https://www.reddit.com/r/Bitcoin/comments/14u10uw/if_youre_in_a_position_to_get_a_bitcoin_consider/jr5sz6o/', 'Buttcoin works a lot better if you also buy TP coin. They are interoperable.', '14u10uw']]], ['u/Such_Confusion_5902', '$200k NW at 26 my goal is to get $1m by 30. Any recommendation and thoughts are highly appreciated', 21, '2023-07-08 13:33', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/', 'Hi all, I want to share my current situation. Any recommendation is highly appreciated:\n\n- 26 years old\n- total comp c. $200k per year \n- all my income net of expenses are being DCA into stocks\n- monthly expenses is around 2k max. \n- my goal is to get 1m before I turn 30. By gross income I will fall 200k short \n- Live in low income tax country (e.g., Switzerland, SG)\n- portfolio allocation: 120k in VOO and QQQM (70-30), 20k emergency fund, 60k money market funds at 5% per year. To give the background, the 60k is currently being DCAed into stock at a rate of 2k per month, the rationale is to have some downside protection in case of market crash \n\nShould I be more aggressive and invest a portion of my wealth in crypto (obviously not in shitty coins, it would likely be in BTC or ETH, if any)? Should I invest more in Nasdaq?', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/', '14u1sp5', [['u/o2msc', 37, '2023-07-08 14:16', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr57rqw/', 'No, you should not invest in crypto unless you are prepared to lose it all. If you HAVE to hit $1 Million the day you turn 30 for some reason then the most realistic/safest option remains increasing your income.', '14u1sp5'], ['u/chethrowaway1234', 68, '2023-07-08 15:50', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr5i01j/', 'Make more money', '14u1sp5'], ['u/extrabeefy', 14, '2023-07-08 16:16', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr5l8c1/', "Slow and steady wins the race. Don't gamble away your savings on crypto. Your already in a fantastic position. Work hard, make more if you can, and you'll hit 1 mil", '14u1sp5'], ['u/Squirmme', 34, '2023-07-08 17:37', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr5vxep/', 'What advice do you actually asking? You already did the math it isn’t possible unless the market appreciates a ton. Also, what is your effective tax rate? I think you could be investing 90k per year instead of 60k… if you really wanted to', '14u1sp5'], ['u/DjangoFIRE', 15, '2023-07-08 19:30', 'https://www.reddit.com/r/Fire/comments/14u1sp5/200k_nw_at_26_my_goal_is_to_get_1m_by_30_any/jr6bmrr/', 'I hope you’re enjoying life too along the way. It’s precious. Even if you get there by 33, you’re doing amazingly well.', '14u1sp5']]], ['u/Simke11', 'List of alts that set ATHs in both of last 2 cycles', 144, '2023-07-08 14:34', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/', "Here is a list of alts that have been through more last two cycles and have also set an ATH in each cycle.\n\nI've looked at top 150 coins by mcap on CMC (excluding BTC, ETH and stables). Prices are in USD.\n\nCouple of things to note:\n\n* Some coins (BNB, ADA, LINK and ENJ) were launched at the peak of the bull, so haven't been through price discovery on their first cycle. Make of that what you will. \n* I have also excluded coins that have launched in Q2 -Q4 of 2018. Most of them would have set ATH in 2018 and then another one in 2021, but because they launched after bull market had finished I decided not to include them\n\nIn summary, out of the current top 150, only 18 alts have set ATHs in both of the previous two cycles. Some of them by luck of being launched near the top of the bull market, and some have just barely reached new ATH in 2nd cycle.\n\n\n\n\|Coin\|Current Rank\|2017 ATH\|2021 ATH\|\n\|:-\|:-\|:-\|:-\|\n\|BNB\|4\|22.77\|639\|\n\|ADA\|7\|1.094\|2.99\|\n\|DOGE\|8\|0.01223\|0.58\|\n\|LTC\|10\|314.66\|354.51\|\n\|LINK\|22\|0.77\|49.16\|\n\|XMR\|25\|418.53\|475.82\|\n\|ETC\|27\|40\|127.33\|\n\|FIL\|30\|25.6\|187\|\n\|MKR\|42\|1700\|5982\|\n\|KCS\|67\|20.61\|25.72\|\n\|LRC\|100\|2.24\|3.2\|\n\|GNO\|101\|410\|592\|\n\|ENJ\|102\|0.46\|4.2\|\n\|BAT\|108\|0.8\|1.62\|\n\|DCR\|116\|117\|235\|\n\|WAVES\|128\|16.3\|52.3\|\n\|ZRX\|148\|2.05\|2.16\|\n\n", 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/', '14u33lp', [['u/TinaBack43', 16, '2023-07-08 14:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5a1wv/', 'I am bullish on LTC and LINK in the next bullrun', '14u33lp'], ['u/schmopfkerzen', 31, '2023-07-08 14:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5a8hr/', '\\strikes LTC and LINK off list\\', '14u33lp'], ['u/n1ghsthade', 12, '2023-07-08 14:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5afcx/', "You're a professional r/cc user I see", '14u33lp'], ['u/MrMeowManchego', 51, '2023-07-08 14:45', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5anqv/', 'Nice post! Some really interesting data there.\n\n I find it really funny to think there would have been a period inbetween where a bunch of people would have been kicking themselves for buying the 2017 top.\n\nBut any one who held on until 2021 did great!', '14u33lp'], ['u/Latics_Tommy', 35, '2023-07-08 14:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14u33lp/list_of_alts_that_set_aths_in_both_of_last_2/jr5b1xn/', 'Lrc to explode next bull run', '14u33... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Bloomberg) -- Billionaire Mukesh Ambani’s soon to be spun out financial services unit recommended his daughter Isha Ambani as a non-executive director of the board, underscoring the latest succession planning within his retail-to-refining empire.\nMost Read from Bloomberg\n• Singapore Arrests Minister, Property Tycoon in Graft Probe\n• How Much Income You Need to Crack America's Richest 1%\n• DeSantis Says No Thanks to $377 Million in US Energy Funds\n• Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud\n• Microsoft, Activision Eye UK Rights Sale to Get Merger Done\nReliance Strategic Investments Ltd., which will be known as Jio Financial, approved the appointment of Rajiv Mehrishi, who previously served as the Comptroller and Auditor General of India, Sunil Mehta and Bimal Manu Tanna as independent directors, according to a filing on Saturday.\nIsha is part of the leadership team at Reliance Retail Ventures Ltd., where she is driving expansion into new business lines, geographies and formats, the company said in the filing. Isha played a pivotal role in the 2016 launch of the mobile data network Jio, the filing said.\nRead More: Ambani to List Financial Services, Rejig Engineering Business\nAmbani, who was locked in a bitter succession feud with his younger brother Anil Ambani about two decades ago, is seeking to avoid a similar power struggle among his three children. Last year, his eldest son Akash Ambani took over as chairman of wireless operator Reliance Jio Infocomm Ltd. Younger son Anant Ambani has taken on the group’s renewable energy flank.\nMost Read from Bloomberg Businessweek\n• South Korea’s Archaic Rental System Is Costing People Their Life Savings\n• What If the Next Big Social Media App Is ... Nothing?\n• A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows\n• New Bitcoin ETFs Now? Amid the Crypto Crackdown?\n• iQuit: My Hellish Attempt to Leave Apple’s Walled Garden\n©2023 Bloomberg L.P.", "(Bloomberg) -- Billionaire Mukesh Ambani\x92s soon to be spun out financial services unit recommended his daughter Isha Ambani as a non-executive director of the board, underscoring the latest succession planning within his retail-to-refining empire. Most Read from Bloomberg Singapore Arrests Minister, Property Tycoon in Graft Probe How Much Income You Need to Crack America's Richest 1% DeSantis Says No Thanks to $377 Million in US Energy Funds Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud Microsoft, Activision Eye UK Rights Sale to Get Merger Done Reliance Strategic Investments Ltd., which will be known as Jio Financial, approved the appointment of Rajiv Mehrishi, who previously served as the Comptroller and Auditor General of India, Sunil Mehta and Bimal Manu Tanna as independent directors, according to a filing on Saturday. Isha is part of the leadership team at Reliance Retail Ventures Ltd., where she is driving expansion into new business lines, geographies and formats, the company said in the filing. Isha played a pivotal role in the 2016 launch of the mobile data network Jio, the filing said. Read More: Ambani to List Financial Services, Rejig Engineering Business Ambani, who was locked in a bitter succession feud with his younger brother Anil Ambani about two decades ago, is seeking to avoid a similar power struggle among his three children. Last year, his eldest son Akash Ambani took over as chairman of wireless operator Reliance Jio Infocomm Ltd. Younger son Anant Ambani has taken on the group\x92s renewable energy flank. Most Read from Bloomberg Businessweek South Korea\x92s Archaic Rental System Is Costing People Their Life Savings What If the Next Big Social Media App Is ... Nothing? A Japanese Company Bans Late-Night Work. A Baby Boom Soon Follows New Bitcoin ETFs Now? Amid the Crypto Crackdown? iQuit: My Hellish Attempt to Leave Apple\x92s Walled Garden ©2023 Bloomberg L.P.", "When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like inBitcoin Well Inc.'s(CVE:BTCW) instance, it's good news for shareholders.\nWhile insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.\nView our latest analysis for Bitcoin Well\nIn the last twelve months, the biggest single purchase by an insider was when Director Terry Rhode bought CA$71k worth of shares at a price of CA$0.064 per share. That means that even when the share price was higher than CA$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.\nIn the last twelve months Bitcoin Well insiders were buying shares, but not selling. Their average price was about CA$0.051. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!\nBitcoin Well is not the only stock that insiders are buying. For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket.\nThere was some insider buying at Bitcoin Well over the last quarter. Director Terry Rhode purchased CA$37k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.\nI like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bitcoin Well insiders own about CA$4.8m worth of shares (which is 50% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.\nInsider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Bitcoin Well insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows5 warning signs for Bitcoin Well(4 make us uncomfortable!) and we strongly recommend you look at them before investing.\nIf you would prefer to check out another company -- one with potentially superior financials -- then do not miss thisfreelist of interesting companies, that have HIGH return on equity and low debt.\nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", "When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like inBitcoin Well Inc.'s(CVE:BTCW) instance, it's good news for shareholders.\nWhile insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.\nView our latest analysis for Bitcoin Well\nIn the last twelve months, the biggest single purchase by an insider was when Director Terry Rhode bought CA$71k worth of shares at a price of CA$0.064 per share. That means that even when the share price was higher than CA$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.\nIn the last twelve months Bitcoin Well insiders were buying shares, but not selling. Their average price was about CA$0.051. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!\nBitcoin Well is not the only stock that insiders are buying. For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket.\nThere was some insider buying at Bitcoin Well over the last quarter. Director Terry Rhode purchased CA$37k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.\nI like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bitcoin Well insiders own about CA$4.8m worth of shares (which is 50% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.\nInsider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Bitcoin Well insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows5 warning signs for Bitcoin Well(4 make us uncomfortable!) and we strongly recommend you look at them before investing.\nIf you would prefer to check out another company -- one with potentially superior financials -- then do not miss thisfreelist of interesting companies, that have HIGH return on equity and low debt.\nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.\nHave feedback on this article? Concerned about the content?Get in touchwith us directly.Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive aUS$30 Amazon Gift cardfor 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Sign up here", "When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Bitcoin Well Inc.'s ( CVE:BTCW ) instance, it's good news for shareholders. While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares. View our latest analysis for Bitcoin Well Bitcoin Well Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Director Terry Rhode bought CA$71k worth of shares at a price of CA$0.064 per share. That means that even when the share price was higher than CA$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. In the last twelve months Bitcoin Well insiders were buying shares, but not selling. Their average price was about CA$0.051. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! insider-trading-volume Bitcoin Well is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Insiders At Bitcoin Well Have Bought Stock Recently There was some insider buying at Bitcoin Well over the last quarter. Director Terry Rhode purchased CA$37k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor. Story continues Insider Ownership Of Bitcoin Well I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bitcoin Well insiders own about CA$4.8m worth of shares (which is 50% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. So What Do The Bitcoin Well Insider Transactions Indicate? Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Bitcoin Well insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 5 warning signs for Bitcoin Well (4 make us uncomfortable!) and we strongly recommend you look at them before investing. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session You\x92ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here", 'Illustration by Mitchell Preffer for Decrypt The prices of Bitcoin and Ethereum this week remained trapped in amber due to a dearth of both adoption or regulation stories. The week also saw the launch of Meta’s Threads, an Instagram-based microblogging site that looks suspiciously like Twitter. Don’t expect to see This Week on Crypto Threads just yet, however. In spite of the mass onboarding (ten million users in a few hours), Twitter will probably remain the Cryptoverse’s platform of choice for the foreseeable future. The week began with a DAO hack that severely disrupted the NFT market. Azuki DAO was formed by disgruntled Azuki NFT holders who banded together to coordinate a lawsuit demanding a $38 million refund from the Azuki’s creator, Chiru Labs, after its most recent release appeared to shamelessly plagiarize the original collection and do even better. The DAO itself was exploited for tens of thousands of dollars and appeared to have a knock-on effect on Yuga Labs’s iconic blue chip Bored Ape and Mutant Ape Yacht Club NFT collections, tweeted blockchain journalist Colin Wu. Affected by the Azuki incident, the NFT market fell sharply again in the past 24h. BAYC fell 16% and fell below 30 ETH, MAYC fell 20% and fell below 5 ETH, and Azuki fell 11% and fell below 6 ETH. The overall market value of the NFT market has fallen by 53% to 3.33million ETH in… — Wu Blockchain (@WuBlockchain) July 3, 2023 Beeple, the digital artist who currently holds the record for the most expensive NFT sold at auction— $69.3 million for his 10,000 Days collection—resurfaced in a headline in The Art newspaper. He donated a censored NFT of disgraced former FTX CEO Sam Bankman-Fried having an orgy with himself to an Italian art gallery. Molto bene! The artist @beeple has donated a "censored" NFT work starring the disgraced crypto entrepreneur Sam Bankman-Fried to an Italian museum @rivolicast https://t.co/HjYrb8c1OI — The Art Newspaper (@TheArtNewspaper) July 3, 2023 The Twitter account for crypto trading platform Bitfinex was seen dispensing some serious hopium on Monday. Story continues 🧵 The current #BTC 30-31k level is critical. This zone served as a rebound point in Jan 2021 after a 35% depreciation, leading to the $64,800 peak. https://t.co/wtjPwPhal9 — Bitfinex (@bitfinex) July 3, 2023 The next day, Gemini co-founder Cameron Winklevoss shared an open letter to Digital Currency Group CEO Barry Silbert who, according to Winklevoss, owes users of Gemini’s Earn program around a billion dollars. This feud has appeared in our Twitter roundup before , but this week Winklevoss channeled it into its logical conclusion: the courtroom. He warned Silbert about it three days in advance. Earn Update: An Open Letter to @BarrySilbert pic.twitter.com/ErsYpcEjQD — Cameron Winklevoss (@cameron) July 4, 2023 Silbert may have just put his head in the sand, because it appears he didn’t respond to Winklevoss’s offer to negotiate. On Friday, Winklevoss posted a lengthy lawsuit thread with screenshots of his filing, alleging some very underhand stalling tactics on Silbert’s part. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors, he was directly and personally involved in perpetrating it. — Cameron Winklevoss (@cameron) July 7, 2023 Billionaire Shark Tank star, Dallas Mavericks owner, and high-profile crypto fan Mark Cuban jumped on a thread by crypto skeptic lawyer John Reed Stark in order to praise Japan’s regulatory approach to crypto. The pair exchanged essays; Stark replied : “To me, crypto is not innovation – it’s mathematical computational blather typically dressed up by trickery and marketing theater.” You should read up on how Japan deals with regulation. https://t.co/yHCVwZAqvG When FTX crashed, NO ONE IN FTX JAPAN LOST MONEY. If the USA/SEC had followed their example by setting clear regulations that required the separation of customer and business funds and clear… https://t.co/Msvn9o9PCU — Mark Cuban (@mcuban) July 4, 2023 On Friday, Binance CEO Changpeng Zhao was swatting away rumors that his workforce was shrinking. The exchange and its CEO was recently sued by the SEC for alleged securities violations. 4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong. As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months… — CZ 🔶 Binance (@cz_binance) July 6, 2023 That day, Polygon Labs’ president Ryan Wyatt announced he’s leaving his position at the end of the month, but he’s staying adjacent to both the industry and Polygon. It\'s bittersweet to share I am leaving @0xPolygonLabs at the end of the month! @0xMarcB , our Chief Legal Officer, will be stepping up & leading working closely with @sandeepnailwal ! For me, I\'ll be advising Polygon, investing, & staying in the industry! More to come later. pic.twitter.com/ssPaY79oRc — Ryan Wyatt (@Fwiz) July 7, 2023 The founder of DeFi lending protocol Swivel Finance, Julien Traversa, noticed that something’s up with the now-defunct stablecoin issuer Fei Protocol’s Discord. It was taken over by the Superior Court of California for San Francisco County! Looks like @feiprotocol \'s discord has been taken over by San Fransisco\'s superior courts This is the first I\'ve personally seen courts take over a discord, is this common? A link to the class action -- https://t.co/fD20xLofTX pic.twitter.com/5HI1EpFZp2 — Julian Traversa (@TraversaJulian) July 7, 2023 Finally, machine learners can now pay each other in Bitcoin. Should we be worried? Artificial intelligence programs like ChatGPT have learned how to send bitcoin payments. To put this in other words... Machines can pay other machines. pic.twitter.com/j9VtLxpJc8 — Documenting ₿itcoin 📄 (@DocumentingBTC) July 7, 2023', 'The prices of Bitcoin and Ethereum this week remainedtrapped in amberdue to a dearth of both adoption or regulation stories.\nThe week also saw the launch of Meta’s Threads, an Instagram-based microblogging site that looks suspiciously like Twitter. Don’t expect to see This Week on Crypto Threads just yet, however. In spite of themass onboarding(ten million users in a few hours), Twitter will probably remain the Cryptoverse’s platform of choice for the foreseeable future.\nThe week began with aDAO hackthat severely disrupted the NFT market. Azuki DAO was formed by disgruntled Azuki NFT holders who banded together to coordinate a lawsuit demanding a $38 million refund from the Azuki’s creator, Chiru Labs, after its most recent release appeared to shamelessly plagiarize the original collection and do even better.\nThe DAO itself was exploited for tens of thousands of dollars and appeared to have a knock-on effect on Yuga Labs’s iconic blue chip Bored Ape and Mutant Ape Yacht Club NFT collections, tweeted blockchain journalist Colin Wu.\nBeeple, the digital artist who currently holds the record for the most expensive NFT sold at auction—$69.3 millionfor his 10,000 Days collection—resurfaced in a headline in The Art newspaper. He donated a censored NFT of disgraced former FTX CEO Sam Bankman-Fried having an orgy with himself to an Italian art gallery. Molto bene!\nThe Twitter account for crypto trading platform Bitfinex was seen dispensing some serious hopium on Monday.\nThe next day, Gemini co-founder Cameron Winklevoss shared an open letter to Digital Currency Group CEO Barry Silbert who, according to Winklevoss, owes users of Gemini’s Earn program around a billion dollars. This feud has appeared in our Twitter roundupbefore, but this week Winklevoss channeled it into its logical conclusion: the courtroom. He warned Silbert about it three days in advance.\nSilbert may have just put his head in the sand, because it appears he didn’t respond to Winklevoss’s offer to negotiate. On Friday, Winklevoss posted a lengthy lawsuit thread with screenshots of his filing, alleging some very underhand stalling tactics on Silbert’s part.\nBillionaire Shark Tank star, Dallas Mavericks owner, and high-profile crypto fan Mark Cuban jumped on a thread by crypto skeptic lawyer John Reed Stark in order to praise Japan’s regulatory approach to crypto. The pair exchanged essays; Starkreplied: “To me, crypto is not innovation – it’s mathematical computational blather typically dressed up by trickery and marketing theater.”\nOn Friday, Binance CEO Changpeng Zhao was swatting away rumors that his workforce was shrinking. The exchange and its CEO was recentlysuedby the SEC for alleged securities violations.\nThat day, Polygon Labs’ president Ryan Wyatt announced he’s leaving his position at the end of the month, but he’s staying adjacent to both the industry and Polygon.\nThe founder of DeFi lending protocol Swivel Finance, Julien Traversa, noticed that something’s up with thenow-defunct stablecoinissuer Fei Protocol’s Discord. It was taken over by the Superior Court of California for San Francisco County!\nFinally, machine learners can now pay each other in Bitcoin. Should we be worried?', '“I think if we want Bitcoin to be more than payments, it needs more scaling solutions,” said Vitalik Buterin, on aTwitter Spacesthis week, pointing to several experiments thatEthereumhas been trying out over the past years.\nBut the main problem, for him, is politics.\n“Bitcoin has really weird politics,” he said, adding that he “doesn’t vibe with them.”\nOver 32,000 people tuned in to listen as the Ethereum inventor talked with "altcoin slayer"Eric Walland Bitcoin developerUdi Wertheimerabout what Bitcoiners can learn from Ethereum.\nThe trio tackled one of the main pain points of the world\'s biggest cryptocurrency by market cap: Bitcoin\'sslow transactionthroughput, and thus the need for layer twoscaling approachesto increase the speed at which people can send and receive the digital asset.\nThe majority of the discussion revolved around scaling, which is where Buterin, Wall, and Wertheimer think Bitcoiners could learn the most from the presumed rival chain.\n“I think if we want Bitcoin to be more than just payments, it will need scaling options like Plasma or ZKRollups,” said Buterin, both of which have been tried on Ethereum.OptimismandArbitrumare two successful examples of “rollups” that could serve as case studies for Bitcoin, he said, adding that it would “be good to have an open mind” with regards to ZK-snark based solutions—indicating a clear preference.\nEthereum has been experimenting with a wide variety of scaling solutions over the years, and is in the process of its latest update,EIP-4844, which introduces blob blocks–enabling up to100,000 transactions per second.\nWall pushed the idea thatBitcoinshould be studying these trials, fearing that the ecosystem will be left with less secure rollups. Buterin responded that the proposal will likely draw “controversy with security hawks.”\nWall, who has been taking center stage as of late with theTaproot Wizards, brought up Bitcoin’ssecurity model, and the 21 million hard cap.It’s a question that Buterin said he has grappled with, although he pointed toOrdinalsas providing a reasonable fee market to cover the reducing block subsidies as well as subsequent security concerns.\nButerin also thinks Ordinals have brought a “return to builder culture” which in his words “is very good.” He added that he “definitely see signs of hope now that we have Ordinals,” calling them a “real pushback tolaser eyedmaximalism.”\nButerin also tried to find ten things that both ecosystems shared. He pointed to claims of immutability by both chains, along with the fact they both have issues with layer-1 privacy. Buterin also mentioned that both Ethereum and Bitcoin have showcased how difficult it is to do things indecentralized consensus models.\nThe Ethereum co-founder ended on a rather optimistic note, trying possibly to bring together both communities.\n“I think a world where there is at least one of these chains is better than one with none,” he concluded.', '\x93I think if we want Bitcoin to be more than payments, it needs more scaling solutions,\x94 said Vitalik Buterin, on a Twitter Spaces this week, pointing to several experiments that Ethereum has been trying out over the past years. But the main problem, for him, is politics. \x93Bitcoin has really weird politics,\x94 he said, adding that he \x93doesn\x92t vibe with them.\x94 Over 32,000 people tuned in to listen as the Ethereum inventor talked with "altcoin slayer" Eric Wall and Bitcoin developer Udi Wertheimer about what Bitcoiners can learn from Ethereum. The trio tackled one of the main pain points of the world\'s biggest cryptocurrency by market cap: Bitcoin\'s slow transaction throughput, and thus the need for layer two scaling approaches to increase the speed at which people can send and receive the digital asset. The majority of the discussion revolved around scaling, which is where Buterin, Wall, and Wertheimer think Bitcoiners could learn the most from the presumed rival chain. \x93I think if we want Bitcoin to be more than just payments, it will need scaling options like Plasma or ZK Rollups ,\x94 said Buterin, both of which have been tried on Ethereum. Optimism and Arbitrum are two successful examples of \x93rollups\x94 that could serve as case studies for Bitcoin, he said, adding that it would \x93be good to have an open mind\x94 with regards to ZK-snark based solutions\x97indicating a clear preference. Ethereum has been experimenting with a wide variety of scaling solutions over the years, and is in the process of its latest update, EIP-4844 , which introduces blob blocks\x96enabling up to 100,000 transactions per second . Wall pushed the idea that Bitcoin should be studying these trials, fearing that the ecosystem will be left with less secure rollups. Buterin responded that the proposal will likely draw \x93controversy with security hawks.\x94 Wall, who has been taking center stage as of late with the Taproot Wizards , brought up Bitcoin\x92s security model , and the 21 million hard cap. It\x92s a question that Buterin said he has grappled with, although he pointed to Ordinals as providing a reasonable fee market to cover the reducing block subsidies as well as subsequent security concerns. Story continues Buterin also thinks Ordinals have brought a \x93return to builder culture\x94 which in his words \x93is very good.\x94 He added that he \x93definitely see signs of hope now that we have Ordinals,\x94 calling them a \x93real pushback to laser eyed maximalism.\x94 Buterin also tried to find ten things that both ecosystems shared. He pointed to claims of immutability by both chains, along with the fact they both have issues with layer-1 privacy. Buterin also mentioned that both Ethereum and Bitcoin have showcased how difficult it is to do things in decentralized consensus models . The Ethereum co-founder ended on a rather optimistic note, trying possibly to bring together both communities. \x93I think a world where there is at least one of these chains is better than one with none,\x94 he concluded.', '“I think if we want Bitcoin to be more than payments, it needs more scaling solutions,” said Vitalik Buterin, on aTwitter Spacesthis week, pointing to several experiments thatEthereumhas been trying out over the past years.\nBut the main problem, for him, is politics.\n“Bitcoin has really weird politics,” he said, adding that he “doesn’t vibe with them.”\nOver 32,000 people tuned in to listen as the Ethereum inventor talked with "altcoin slayer"Eric Walland Bitcoin developerUdi Wertheimerabout what Bitcoiners can learn from Ethereum.\nThe trio tackled one of the main pain points of the world\'s biggest cryptocurrency by market cap: Bitcoin\'sslow transactionthroughput, and thus the need for layer twoscaling approachesto increase the speed at which people can send and receive the digital asset.\nThe majority of the discussion revolved around scaling, which is where Buterin, Wall, and Wertheimer think Bitcoiners could learn the most from the presumed rival chain.\n“I think if we want Bitcoin to be more than just payments, it will need scaling options like Plasma or ZKRollups,” said Buterin, both of which have been tried on Ethereum.OptimismandArbitrumare two successful examples of “rollups” that could serve as case studies for Bitcoin, he said, adding that it would “be good to have an open mind” with regards to ZK-snark based solutions—indicating a clear preference.\nEthereum has been experimenting with a wide variety of scaling solutions over the years, and is in the process of its latest update,EIP-4844, which introduces blob blocks–enabling up to100,000 transactions per second.\nWall pushed the idea thatBitcoinshould be studying these trials, fearing that the ecosystem will be left with less secure rollups. Buterin responded that the proposal will likely draw “controversy with security hawks.”\nWall, who has been taking center stage as of late with theTaproot Wizards, brought up Bitcoin’ssecurity model, and the 21 million hard cap.It’s a question that Buterin said he has grappled with, although he pointed toOrdinalsas providing a reasonable fee market to cover the reducing block subsidies as well as subsequent security concerns.\nButerin also thinks Ordinals have brought a “return to builder culture” which in his words “is very good.” He added that he “definitely see signs of hope now that we have Ordinals,” calling them a “real pushback tolaser eyedmaximalism.”\nButerin also tried to find ten things that both ecosystems shared. He pointed to claims of immutability by both chains, along with the fact they both have issues with layer-1 privacy. Buterin also mentioned that both Ethereum and Bitcoin have showcased how difficult it is to do things indecentralized consensus models.\nThe Ethereum co-founder ended on a rather optimistic note, trying possibly to bring together both communities.\n“I think a world where there is at least one of these chains is better than one with none,” he concluded.', "Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn't, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign.\nKennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should benurtured and protected. He also said that his campaign would accept donations in Bitcoin. But he alsotold conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice.\nHowever, a financialdisclosureobtained byCNBCshows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201.\nKennedy’s campaign manager, Democratic Rep. Dennis Kucinich,toldCNBCthat a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami.\nPresidential Candidate Kennedy Vows to Defend Bitcoin Against ‘Invasive Surveillance’\nFollowing the report's release, Kennedy’s campaign first toldCNBCthe Bitcoin belonged to Kennedy’s wife Cheryl Hines, who is known for her work on the television show “Curb Your Enthusiasm.” A representative from Kennedy’s campaign later said that they were mistaken, and that the Bitcoin investment did indeed belong to Kennedy.\nOn the Democratic side of the aisle, Kennedy has been a robust supporter of Bitcoin among candidates, while Republican hopefuls like Florida GovernorRon DeSantisandVivek Ramaswamyhave also tried to court the Bitcoin vote.\nWhile Kennedy’s comments on Bitcoin have become less frequent since Miami—the topicnever came upduring his extensive one-on-one with Twitter owner Elon Musk last month—Kennedy has continued to tweet his support of crypto’s oldest coin, on occasion.\n“Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic,” he said on June 27.\nKennedy has attracted support from some prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month Kennedy “can and will” beat DeSantis or Donald Trump at the ballot box.\nIn order for that to happen, Kennedy would need to win against President Joe Biden in the Democratic presidential primaries first. A recentpollfrom Echelon Insights shows 65% of voters would stick with Biden as opposed to 14% who would pick Kennedy.", "Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn't, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign.\nKennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should benurtured and protected. He also said that his campaign would accept donations in Bitcoin. But he alsotold conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice.\nHowever, a financialdisclosureobtained byCNBCshows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201.\nKennedy’s campaign manager, Democratic Rep. Dennis Kucinich,toldCNBCthat a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami.\nPresidential Candidate Kennedy Vows to Defend Bitcoin Against ‘Invasive Surveillance’\nFollowing the report's release, Kennedy’s campaign first toldCNBCthe Bitcoin belonged to Kennedy’s wife Cheryl Hines, who is known for her work on the television show “Curb Your Enthusiasm.” A representative from Kennedy’s campaign later said that they were mistaken, and that the Bitcoin investment did indeed belong to Kennedy.\nOn the Democratic side of the aisle, Kennedy has been a robust supporter of Bitcoin among candidates, while Republican hopefuls like Florida GovernorRon DeSantisandVivek Ramaswamyhave also tried to court the Bitcoin vote.\nWhile Kennedy’s comments on Bitcoin have become less frequent since Miami—the topicnever came upduring his extensive one-on-one with Twitter owner Elon Musk last month—Kennedy has continued to tweet his support of crypto’s oldest coin, on occasion.\n“Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic,” he said on June 27.\nKennedy has attracted support from some prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month Kennedy “can and will” beat DeSantis or Donald Trump at the ballot box.\nIn order for that to happen, Kennedy would need to win against President Joe Biden in the Democratic presidential primaries first. A recentpollfrom Echelon Insights shows 65% of voters would stick with Biden as opposed to 14% who would pick Kennedy.", "Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn't, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign. Kennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should be nurtured and protected . He also said that his campaign would accept donations in Bitcoin. But he also told conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice. However, a financial disclosure obtained by CNBC shows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201. Kennedy’s campaign manager, Democratic Rep. Dennis Kucinich, told CNBC that a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami. Presidential Candidate Kennedy Vows to Defend Bitcoin Against ‘Invasive Surveillance’ Following the report's release, Kennedy’s campaign first told CNBC the Bitcoin belonged to Kennedy’s wife Cheryl Hines, who is known for her work on the television show “Curb Your Enthusiasm.” A representative from Kennedy’s campaign later said that they were mistaken, and that the Bitcoin investment did indeed belong to Kennedy. On the Democratic side of the aisle, Kennedy has been a robust supporter of Bitcoin among candidates, while Republican hopefuls like Florida Governor Ron DeSantis and Vivek Ramaswamy have also tried to court the Bitcoin vote. While Kennedy’s comments on Bitcoin have become less frequent since Miami—the topic never came up during his extensive one-on-one with Twitter owner Elon Musk last month—Kennedy has continued to tweet his support of crypto’s oldest coin, on occasion. Story continues “Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic,” he said on June 27. As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more… pic.twitter.com/rPkMARieYu — Robert F. Kennedy Jr (@RobertKennedyJr) June 27, 2023 Kennedy has attracted support from some prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month Kennedy “ can and will ” beat DeSantis or Donald Trump at the ballot box. In order for that to happen, Kennedy would need to win against President Joe Biden in the Democratic presidential primaries first. A recent poll from Echelon Insights shows 65% of voters would stick with Biden as opposed to 14% who would pick Kennedy.", 'Some may sense a thaw in the Crypto Winter as Bitcoin flirts with itshighest pricein over a year. But tokens aside, the icy market that defined 2022 appears far from gone when it comes to software development.\nThe number of active developers working on open-source crypto projects has fallen 22% over the past year, according to areportfrom venture firm Electric Capital. Analysts found that there were 21,300 active developers in June, compared to 27,200 the year before.\nA decline in crypto developers over the past year could be attributed to more compelling opportunities elsewhere, self-described DeFi addict and crypto analyst Miles Deutschersaidon Twitter.\n“Despite prices rising since January, developer activity has exhibited a downturn,” he said. “This may be attributed to [...] developers switching to other booming tech sectors like AI.”\nCrypto Bumped to the Back Seat as AI Investments Accelerate\nOpen-source developers work on projects where code is posted publicly online, leaving their footprints in software repositories through commits. By looking at the source and frequency of developer activity over time, it’s possible to glean insights about industry trends.\nA majority of developers who left the crypto space did so with little experience under their belts, the report states. Newcomers—those who have worked in crypto for less than a year–made up a majority of departures from the digital asset space, adding up to 7,730 logging off since last June.\nThe report defines those that have left the crypto space as developers that haven’t contributed to a project in more than two months. Compared to the overall number of active open-source crypto developers, 7,730 may sound substantial, but the report notes that newcomers are responsible for less than 20% of all code commits.\nA majority of commits come from open-source developers who have more than a year of experience working with crypto, according to Electric Capital, and that figure has grown to around 13,100 from 11,300 in the past year—a gain of nearly 16% among crypto’s more seasoned crew.\nThe report found that fewer developers are exploring crypto projects for the first time as well. This past May, 2,900 developers entered the space compared to 5,900 that month a year ago, which was near an all-time high for monthly entrants.\nDeutscher posited that fatigue and less money from venture capitalists could also be at play.\nIndeed, institutional investors are alsoincreasingly eyeingAI instead. A survey conducted by JP Morgan found a palpable shift in sentiment in February, where traders said AI will likely be more influential than crypto over the next three years.\nA shift in preferences among venture capitalists from crypto to AI iswell underway too, according to Mysten Labs co-founder and CEO Evan Cheng. He said products that leverage AI have broader appeal to consumers, as opposed to those in crypto that cater to people already within the digital assets space.\nHowever, an exodus of fresh talent from the digital assets space isn’t necessarily a warning sign, the report suggests. Newcomers have dominated the digital assets space after the two previous peaks in crypto markets, only for that momentum to shift back to veterans each time.', 'Some may sense a thaw in the Crypto Winter as Bitcoin flirts with its highest price in over a year. But tokens aside, the icy market that defined 2022 appears far from gone when it comes to software development. The number of active developers working on open-source crypto projects has fallen 22% over the past year, according to a report from venture firm Electric Capital. Analysts found that there were 21,300 active developers in June, compared to 27,200 the year before. A decline in crypto developers over the past year could be attributed to more compelling opportunities elsewhere, self-described DeFi addict and crypto analyst Miles Deutscher said on Twitter. “Despite prices rising since January, developer activity has exhibited a downturn,” he said. “This may be attributed to [...] developers switching to other booming tech sectors like AI.” Crypto Bumped to the Back Seat as AI Investments Accelerate Open-source developers work on projects where code is posted publicly online, leaving their footprints in software repositories through commits. By looking at the source and frequency of developer activity over time, it’s possible to glean insights about industry trends. A majority of developers who left the crypto space did so with little experience under their belts, the report states. Newcomers—those who have worked in crypto for less than a year–made up a majority of departures from the digital asset space, adding up to 7,730 logging off since last June. The report defines those that have left the crypto space as developers that haven’t contributed to a project in more than two months. Compared to the overall number of active open-source crypto developers, 7,730 may sound substantial, but the report notes that newcomers are responsible for less than 20% of all code commits. A majority of commits come from open-source developers who have more than a year of experience working with crypto, according to Electric Capital, and that figure has grown to around 13,100 from 11,300 in the past year—a gain of nearly 16% Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $589,270,164,000 - Hash Rate: 425480581.581576 - Transaction Count: 594265.0 - Unique Addresses: 732590.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Fidelity Refiles For Spot Bitcoin ETF, Says ETF Would Have Protected Investors Fidelity Refiles For Spot Bitcoin ETF Fidelity, the investment management company with $4.5 trillion in assets under management, has submitted paperwork for the Wise Origin Bitcoin Trust, a spot Bitcoin ETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust. The US Securities and Exchange Commission (SEC) had earlier denied Fidelity's application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications since BlackRock's spot ETF filing on June 15, while Ark Invest has modified its prior filing and is in front of the pack. Fidelity's paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation. Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data, BTC remains around the $30.5K level after the news.... - Reddit Posts (Sample): [['u/Into-the-Beyond', 'A little epiphany after being in this space for years', 219, '2023-07-09 01:20', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/', 'The longer you’re here, the more you end up reframing your world views upon reflection. It sounds like a cult, but it’s really just a lens of perspective gained through education that can’t be unseen. While rewatching Deadwood, I was just thinking about how gold, a useful mineral in electronics today, back then was just a shiny rock with value because of perception and scarcity. Its supply was limited by how much people could find. And people found a lot! Supplies were very expensive with people trading lumps or gold for whatever they needed to continue prospecting. “How much you gettin’ there?” Carlton Lassiter from Psych asked his claim neighbor.\n\nGold was actually cheap by today’s standards, but scarcity has reigned supreme over time. The value of gold was the amount it took to convince a prospector to prospect. “Enough for whiskey, p**, and food from the Gem Saloon.”\n\nSuddenly, white people flooded native land and used made-up laws that the natives were excluded from in order to steal the land out from under them. Then they tore up the ground, laboring in dangerous conditions to literally sift through the dirt, all because the people who were rich enough to horde the shiny rocks paid handsomely. Manifest destiny was spread across the land by the perception of the value of gold. Its true value was its ability to force change simply by people wanting to acquire more of it. The rich didn’t care if commoners toiled and died as long as they changed the demographics of the land and paid a solid cut of the profits of the economy back to the top for basic incentives. The rich sold shovels and plots. And where is all that gold today? The rich slowly absorbed everything of value to them by any means necessary.\n\nToday, with unprecedented wealth disparity across the world, there’s a new gold rush happening, but this time it’s for Bitcoin—a once in humanity all-stars-miraculously-aligned type of invention. But unlike gold, no one’s literally living on top of the Bitcoin when it’s mined. Its mathematically scarce. It’s side-effect is stabilizing energy grids. Instead of “lawful” theft of resources, it’s a bloodless revolution. The only losers are to the unaware who don’t hold any and toil under the current system, plus the governments who lose liquidity in their rigged economies. The liquidity in their systems is what allows them to wage wars. First comes propaganda, delivered to us from birth, then comes printing more fiat to pay soldiers for doing the dirty work. (Also the banks lose, because they’re unneeded in a full Bitcoin economy and are full of bloat.)\n\nStories—propaganda—are powerful but “value” is also real. The true value is the ability to change society. The value of any given asset depends on the path the rich have to take to control said asset. With Bitcoin, control is inevitable—it’s what the rich do—but they have to pay for it just like the rest of us. The properties of Bitcoin allows true savings which is much more advantageous to plebes than anything we’ve ever seen under a fiat system. Bitcoin allows for saving of buying power to a fixed percentage of the total supply. Bitcoin’s immutable nature is part of its value. Top holders still have to play within the rules—no one can change the supply because it is set by the decentralized power of the people. It’s the best thing to happen to wealth redistribution possibly in all of history. What a time to be alive! This has all been simplified to a degree, but I hope you all understand my points. I’m a fantasy author with an economics degree. If that makes a difference in how you see me, perhaps you are influenced by stories and should read the Bitcoin Whitepaper and/or The Bitcoin Standard and think about what “value” is.\n\nTLDR;\nGold is shiny rocks that have historically convinced people into doing terrible things for the benefit of the rich. Control is wielded through scarcity—propaganda and perception effect actions. The true value of any asset is the change to society it can influence. Fiat is synonymous in this way, but even easier for governments to control and inflate because they literally print it constantly. Bitcoin is freedom because it is the hardest to control and everyone has to play by the same rules. Its properties benefit savers.', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/', '14uilwo', [['u/kuzkokronk', 73, '2023-07-09 01:48', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7rbu6/', 'This guy bitcoins.', '14uilwo'], ['u/Otherwise-Degree-368', 24, '2023-07-09 01:58', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7si2i/', 'Well said... and true.', '14uilwo'], ['u/leandropoppz', 10, '2023-07-09 01:58', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7sl8m/', 'Thanks for sharing with us ! Really good!', '14uilwo'], ['u/Into-the-Beyond', 10, '2023-07-09 02:31', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7wiiw/', 'While I agree to a degree, I don’t think we are anywhere near Bitcoin under performing against fiat-valued index funds. Maybe in a hundred years when miners are only collecting fees. Maybe I’m wrong and it only takes 50 years, but I doubt it will be an imminent concern. The market cap of Bitcoin is too low for its value, that much I do bet my money on and sleep very well. I also hold stocks, but I’ve been considering each company I hold a LOT more carefully since learning about Bitcoin at the start of the last bull.', '14uilwo'], ['u/Crypto-4-Freedom', 19, '2023-07-09 02:42', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr7xvh3/', 'That was a nice read.', '14uilwo'], ['u/Paragon_Voice', 18, '2023-07-09 03:11', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr81751/', 'As Michael Saylor pointed out at BTC Prague, even the most successful Wall Street indexes are barely beating overall inflation. Literally everything is losing to the actual inflation rate.\n\nBitcoin is the only thing that wins out over every single index or asset out there.\n\nSo yes, BTC is the most advantageous saving mechanism the "plebes", and everyone else has seen across all monetary/fiscal systems.', '14uilwo'], ['u/Into-the-Beyond', 12, '2023-07-09 03:28', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr836e3/', 'I mean, both have value, but only one is going to “win” on any given time frame.', '14uilwo'], ['u/flavius_lacivious', 11, '2023-07-09 05:35', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr8hq4x/', '>I’m a fantasy author with an economics degree. If that makes a difference in how you see me, perhaps you are influenced by stories and should read the Bitcoin Whitepaper and/or The Bitcoin Standard and think about what “value” is.\n\nCame here to suggest you write, but saw this. Really good writing and I don’t say that here very often.', '14uilwo'], ['u/DailyBoss', 13, '2023-07-09 05:46', 'https://www.reddit.com/r/Bitcoin/comments/14uilwo/a_little_epiphany_after_being_in_this_space_for/jr8iwqj/', 'Word to Satoshi', '14uilwo']]], ['u/the_brave_mosquito', 'If Bitcoin is the future of money, we are fucked (the kids might not be), right?', 34, '2023-07-09 03:28', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/', 'I mean, if the modern banking system fails... that spawns a worldwide shit storm of so much hurt for so many people. \n\n\n\nI see BTC uses cases highlighted often. And to be clear, I think BTC is a good investment...there is no government, company, or bank in charge of it. That\'s powerful. But if BTC is to become the "perfect money" of the future, history has shown us what kind of path awaits us towards that future.\n\n\n\nI acknowledge I can be pessimistic about our future as a human race, so please share if you have thoughts on what a happier path towards mainstream BTC adoption looks like. I only see that path in fire.\n\n\n\n', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/', '14uldjz', [['u/UnitedPerceptiont', 58, '2023-07-09 03:31', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr83icc/', 'Bitcoin creates a soft landing opportunity. Which is why the elites hate it. Without Bitcoin, they would have already rolled in the dystopia.', '14uldjz'], ['u/Umpire_State_Bldg', 15, '2023-07-09 03:44', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8554e/', 'The banking system was doomed before Bitcoin was ever invented.\n\nSo, do you want to live in a world where the banking system fails and there is no Bitcoin, or where the banking system fails but Bitcoin exists?', '14uldjz'], ['u/TheDialectic_', 54, '2023-07-09 04:06', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr87nqs/', 'BTC is a soft landing for an inevitability', '14uldjz'], ['u/road22', 20, '2023-07-09 04:20', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr897wt/', 'A banking system can never fail in a fiat money system, or it would have failed in 2008/2009.\n\nIt is the fiat currency that will fail when it becomes worthless.\n\nWhen the Venezuelan Bolivar failed a few years ago, there were still transactions for car and real estate, but only in US Dollar or Euros. No loans were given out in Bolivars.\n\nBanks will convert to lending in a strong currency like BTC when the fiat system dies.', '14uldjz'], ['u/UnitedPerceptiont', 24, '2023-07-09 04:54', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8d2n1/', 'There are rich families - many in central banking. Very well documented, and so are their intentions. Keep drinking the cool aid, that central banking and the modern planned economies are part of the "machine". Market forces would never opt for things like lockdowns or CBDCs.', '14uldjz'], ['u/Glad_Cauliflower8032', 16, '2023-07-09 05:02', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8dy8j/', "for bitcoin to succeed banks don't have to fail. It just means bitcoin will continue to gain value against fiat losing value. Same way gold has since we went off the gold standard.", '14uldjz'], ['u/UnitedPerceptiont', 31, '2023-07-09 06:13', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8lqpl/', "They are free to own. But unlike fiat, they can't stop you from using it or devalue your holdings. If they want to own it, they have to pay the market price. They can't print it out of thin air and keep a disproportionate part of it for themselves.", '14uldjz'], ['u/mostlyeve', 10, '2023-07-09 07:05', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8qsrg/', 'Gates is a prick whose wife left him because of ties to Epstein. He flies around on his private jet talking about environmental sustainability.', '14uldjz'], ['u/BbeastyBbuffalo', 14, '2023-07-09 07:36', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8tk5p/', 'Things will fail. Hopefully in my lifetime. I want to see it.', '14uldjz'], ['u/togetherwem0m0', 15, '2023-07-09 08:43', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr8z1uf/', 'Thanks for saying this. I think this deserves more attention.\n\nBitcoin increasing in value is the slow and steady off ramp from the failing fiat system. It is distributing ownership control of the future actively, right now, every day.', '14uldjz'], ['u/soks86', 15, '2023-07-09 10:04', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr950bj/', 'The dollar is going to wreck itself.\n\nBTC gives people an alternative so the wreck involves less... wreckage.\n\nSoft landing ;)', '14uldjz'], ['u/AmazingHeart5214', 13, '2023-07-09 11:46', 'https://www.reddit.com/r/Bitcoin/comments/14uldjz/if_bitcoin_is_the_future_of_money_we_are_fucked/jr9c47a/', 'Money printing', '14uldjz']]], ['u/WorkingLime', 'As always, when you ask why crypto remember here in Venezuela last MONTH inflation was 6% and it seems "good", this year inflation is over 100% currently.', 300, '2023-07-09 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/', 'Hi, \n\nHave been a little off some some weeks but I\'m here still in Venezuela.\n\nWanted to update the inflation numbers. They look good compared to years ago where we had 50% daily and over 100k% yearly! \n\n[https://www.nasdaq.com/articles/venezuelas-inflation-rate-ticks-up-to-6.2-in-june-central-bank](https://www.nasdaq.com/articles/venezuelas-inflation-rate-ticks-up-to-6.2-in-june-central-bank)\n\nMonthly minimum wage is around 40 USD now, 5 USD is the "wage" but you get some bonus in Bolivares and they make around 40-50 USD monthly!\n\nCrypto is used as a way of escape inflation, sell/´purchase (I have paid in the supermarket with Bitcoin and Litecoin) and save. Also a way of receving remittances from family abroad.\n\nAny question let me know!', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/', '14um5qu', [['u/MrMeowManchego', 30, '2023-07-09 04:25', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr89upv/', "Those are some crazy numbers.\n\n It's no wonder institutions are starting to look at it as digital gold when more and more countries are adopting it as an alternative currency.\n\nI think the days of bitcoin becoming a world reserve currency may be even closer than anyone expected.", '14um5qu'], ['u/WorkingLime', 10, '2023-07-09 05:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8e1gi/', 'Hi Matt, \n\nI do sometimes it depends, sometimes there is arbitrage so I prefer to pay with Bolivares.\n\nSome cryptos have low fees, even the LN Bitcoin', '14um5qu'], ['u/WorkingLime', 14, '2023-07-09 05:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8e5cm/', 'When inflation was over 180k yearly it was really crazy', '14um5qu'], ['u/HardTruthssss', 11, '2023-07-09 05:18', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8fs2p/', 'How can you survive with 5 USD a month?\n\nI get about 10 USD a month on crypto staking, basically the wage of 2 venezuelans.\n\nSo with this passive income of 10 USD can I rent an apartment, buy food, etc in Venezuela?\n\nIf no, how do people actually survive?', '14um5qu'], ['u/WorkingLime', 21, '2023-07-09 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8g255/', 'No, a family of 5 needs at least 500 USD monthly to survive.\n\nYou starve with monthly minimum wage \n\nhttps://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/', '14um5qu'], ['u/Dazzling_Marzipan474', 25, '2023-07-09 08:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr8vn9r/', "Gotta have either gold or crypto and crypto for most of us is way easier to get. It's really the only two forms of hard money.", '14um5qu'], ['u/jhguth', 16, '2023-07-09 10:39', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr97i6a/', 'An extremely volatile digital gambling token is a terrible hedge against inflation', '14um5qu'], ['u/redthepotato', 12, '2023-07-09 11:36', 'https://www.reddit.com/r/CryptoCurrency/comments/14um5qu/as_always_when_you_ask_why_crypto_remember_here/jr9bhei/', "If it's gold then I'd rathe buy physical gold because gold-related stocks of ETFs just doesn't make sense to me. So I'd rather have crypto because it's hard to afford physical gold, it's impractical with my meager income. All in crypto.", '14um5qu']]], ['u/Salt-Sun5628', 'My (35M) dad (55F) abandoned me when I was born and I found he is very wealthy now.', 58, '2023-07-09 04:16', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', "I find myself in a complex situation that has left me conflicted. My parents, both just 20 years old at the time, had me, but my father made the painful decision to leave us on the very day of my birth. As time went on, he started a new family and built a life separate from us. Recently, his son, my half-brother (25M), reached out to me, and to my surprise, it seems that my father's life took an unexpected turn after he left.\n\n \nI discovered that when my dad walked away, he pursued higher education in a different state, where he obtained a degree in finance. This newfound knowledge led him to establish his own finance firm, which achieved remarkable success Additionally, he seized an opportunity to invest in Bitcoin during its meteoric rise, which only served to further boost his wealth. According to my half brother, our father is a billionaire and reached that status at 31 years old.\n\n \nThe revelation of my father's immense fortune has left me grappling with conflicting emotions. On one hand, I feel a sense of curiosity and a desire to understand the man who left my mother and me behind. Moreover, the financial security my half siblings have enjoyed from birth piques my interest, as I have always wondered what it would be like to grow up in affluence.\n\n \nHowever, it is impossible to ignore the fact that my father never provided financial support to my mother or me throughout our lives. It is disheartening to learn that he neglected his responsibilities while lavishing his attention and resources on his new family. Meeting with my half brother could potentially shed light on these unanswered questions, but it also brings uncertainty and raises concerns about the intentions behind the meeting.\n\n \nI must also consider the possible implications of involving myself with a person who has experienced a completely different upbringing, surrounded by wealth and privilege. Will their perspective align with mine? Can I relate to their experiences? These are questions that cloud my judgment and make me hesitant to pursue a meeting.\n\n \nIn the end, the decision of whether to meet with my half brother rests on weighing the curiosity I have about my father's newfound success against the potential emotional ramifications of reconnecting with a family that lived in a world so different from my own. It is a choice that requires careful consideration and introspection. Any advice or insights would be greatly appreciated. \n\n\nTLDR: My (35M) dad (55F) abandoned me when I was born and I found he is very wealthy now. ", 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', '14umcf1', [['u/Due-Strike1670', 159, '2023-07-09 05:29', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8gxx2/', 'Theres 3,194 billionaires in the world. Should be pretty easy to see if your half brother is lying.', '14umcf1'], ['u/Alternative_Route', 58, '2023-07-09 07:52', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8uuu8/', 'The bitcoin money arrived after he was already a billionaire, guy was a billionaire at age 31 about 8 years before bitcoin was invented', '14umcf1'], ['u/Alarmed_Jellyfish555', 82, '2023-07-09 08:44', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8z45l/', 'Yeah, someone is definitely lying here.', '14umcf1'], ['u/Plastic_Fangs', 10, '2023-07-09 11:18', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9a8ik/', 'I think its bizarre to say that at 35 someone should own property lmao', '14umcf1'], ['u/ShelfLifeInc', 92, '2023-07-09 11:27', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9aus4/', "And only 298 of them in 1999, when OP's dad presumably became a billionaire.", '14umcf1'], ['u/Pristine_Ad_5703', 10, '2023-07-09 12:01', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9d6az/', "I think it's odd how the step brother is going on about his wealth so much, it has me wondering is he is worried you'll get a cut so it trying to stop that? Maybe he found out you were also in the will and doesn't like that? So then is trying to twist and manipulate the situation so he can run back to to his dad and say you are only interested in his money. Whenever he brings money up change the subject don't let him pull you in.\n\nPersonally I'd meet up with just your dad, tell him you don't care for his money but you do want answers. Then the both of you could decide where to go from here, maybe even possibly go to therapy together. You may have never gotten the full story of what really happened. \n\nThe step brother though just be careful he seems money obsessed hence why he keeps going on about it! On the flip side he could just be a compliment liar who's filled with pain from his upbringing? After all this man left you so gives you some idea what kind of man he really is? Especially the fact he didn't even send money to help with your upbringing. Or maybe he's jealous? Maybe his dad mentioned how he wanted to reach out to you and he's now worried he'll no longer be the favourite? Depending how his father?", '14umcf1'], ['u/all_time_high', 120, '2023-07-09 12:41', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9g2bp/', 'This sounds like a scam. Bitcoin launched in 2009 and became a big deal in 2013, and again in 2017. So let’s take Bitcoin out of the discussion.\n\nThis means your dad left your mom and then studied finance for (2? 4? 6?) years, then started a finance business, succeeded, and became a billionaire. This all happened in the span of 11 years?\n\nUnless your dad was already in a very financially privileged position when he left your mom, this story is incredibly unlikely. If he’s been a billionaire for 24 years, I’m sure you can independently verify this information. \n\nYou’re probably wondering how this could possibly be a scam if your half-brother claims to be the son of a billionaire. Many successful scams don’t start off with an obvious angle. You’d be conned after he gains your trust.', '14umcf1'], ['u/cancer1337', 99, '2023-07-09 13:17', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9iuwu/', 'this reads like a first-try chatgpt response', '14umcf1'], ['u/grumpy_cragheart', 15, '2023-07-09 13:38', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9kmnp/', 'I think you nailed it, the account has been suspended from reddit.', '14umcf1'], ['u/Alternative_Route', 24, '2023-07-09 17:40', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jracxum/', 'I was just pointing out that he managed to become a billionaire in less than 11 years, in a time when billionaires were even rarer, and he did this without the benefit of making money out of bitcoin which was the only significant detail the OP provided to explain how he accrued his fortune.\n\nI.e. something seems unlikely in the telling, either from the step brother or from the OP.', '14umcf1'], ['u/ChillWisdom', 19, '2023-07-09 19:57', 'https://www.reddit.com/r/relationships/comments/14umcf1/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jrawjlx/', 'Sounds like daddy dearest will wind up in prison one day for scamming people through his finance company.', '14umcf1']]], ['u/Salt-Sun5628', 'My (35M) dad (55F) abandoned me when I was born and I found he is very wealthy now.', 54, '2023-07-09 04:16', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', "I find myself in a complex situation that has left me conflicted. My parents, both just 20 years old at the time, had me, but my father made the painful decision to leave us on the very day of my birth. As time went on, he started a new family and built a life separate from us. Recently, his son, my half-brother (25M), reached out to me, and to my surprise, it seems that my father's life took an unexpected turn after he left.I discovered that when my dad walked away, he pursued higher education in a different state, where he obtained a degree in finance.\n\n This newfound knowledge led him to establish his own finance firm, which achieved remarkable success Additionally, he seized an opportunity to invest in Bitcoin during its meteoric rise, which only served to further boost his wealth. According to my half brother, our father is a billionaire and reached that status at 31 years old. The revelation of my father's immense fortune has left me grappling with conflicting emotions. On one hand, I feel a sense of curiosity and a desire to understand the man who left my mother and me behind. Moreover, the financial security my half siblings have enjoyed from birth piques my interest, as I have always wondered what it would be like to grow up in affluence. \n\nHowever, it is impossible to ignore the fact that my father never provided financial support to my mother or me throughout our lives. It is disheartening to learn that he neglected his responsibilities while lavishing his attention and resources on his new family. Meeting with my half brother could potentially shed light on these unanswered questions, but it also brings uncertainty and raises concerns about the intentions behind the meeting.I must also consider the possible implications of involving myself with a person who has experienced a completely different upbringing, surrounded by wealth and privilege. Will their perspective align with mine? Can I relate to their experiences? These are questions that cloud my judgment and make me hesitant to pursue a meeting. \n\nIn the end, the decision of whether to meet with my half brother rests on weighing the curiosity I have about my father's newfound success against the potential emotional ramifications of reconnecting with a family that lived in a world so different from my own. It is a choice that requires careful consideration and introspection. Any advice or insights would be greatly appreciated.", 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/', '14umcmx', [['u/ohfiddlessticks', 29, '2023-07-09 08:07', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8w4gk/', 'I never got to meet my father. He was gone when I was 6 weeks old so I can’t remember him from that age. He went to jail and was addicted to alcohol but I still wanted to meet him. I never got to. He died when I was 21. I’m sorry you didn’t get to grow up with your father. It’s difficult to be rejected by a parent. It is rejection because they never came to find us or see us or contribute to our upbringing. Makes you think. Like do we matter? \nWe absolutely do.', '14umcmx'], ['u/ohfiddlessticks', 12, '2023-07-09 08:09', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr8w9rm/', 'If you do decide to meet them. Go in there with your head held high. Who cares about their money. If they are not good people then go back to your life the way it was before they were in the picture.', '14umcmx'], ['u/Expensive_Career_243', 54, '2023-07-09 09:28', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr92gk3/', "While your half-brother may have had a different upbringing. If you do decide to meet him, remember he didn't choose that life, he didn't abandon you, he is reaching out to try and see if you two have a connection. You need to try not to let your feelings about your father influence your potential relationship with your brother. You can have a full relationship with him without ever meeting your Dad if you want.", '14umcmx'], ['u/sparkling467', 15, '2023-07-09 10:51', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr98ch1/', 'Did your bio dad ever pay child support? If no, why not? \nI feel like if you get all the answers to your questions, you might actually be more bitter.', '14umcmx'], ['u/Lidiflyful', 20, '2023-07-09 12:05', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9dhtf/', "Second this. While my Dad was not rich, he did similar to my older half-sister who spent a great deal of her life resenting me. I would have loved to have a sisterly relationship with her, but to her I was a reminder of our Dads poor choices.\n\nPlease try not to do that OP. I can understand it might be difficult, but your brother appears to want a relationship with you and is perhaps horrified at his father's decision back then.", '14umcmx'], ['u/albgshack', 19, '2023-07-09 13:09', 'https://www.reddit.com/r/family/comments/14umcmx/my_35m_dad_55f_abandoned_me_when_i_was_born_and_i/jr9i81r/', 'You can take him to court for 18 yrs of back support.', '14umcmx']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, July 09, 2023', 25, '2023-07-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/', "Thread topics include, but are not limited to:*\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡Tip Fellow Redditors over the Lightning Network⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/', '14uodcm', [['u/ChadRun04', 20, '2023-07-09 08:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jr8z18f/', 'After the first beardiv on `RSI(high) vs high` invalidated and a second weak one printed slightly higher.\n\nNow we have a hidden bulldiv on `RSI(low) vs low`.\n\nNot a bad setup on appearances. Tight channel defined by that range. Flaggy.\n\nhttps://i.imgur.com/shZmB9L.png', '14uodcm'], ['u/dopeboyrico', 15, '2023-07-09 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jr9x1yz/', 'YoY CPI for June releases on Wednesday. Expectations are currently set at 3.1% vs the 4.0% print for May.\n\n[Cleveland Fed Nowcast](https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting) has their estimate set at 3.22%. [Truflation](https://truflation.com) has their estimate set at around 2.62% with a high of 2.95% and a low of 2.29%.\n\nFor the last several months the actual number has come in somewhere between these two estimates. If this trend continues, because expectations are on the higher side, then it would be likely that June’s CPI print comes in at or below expectations.\n\nBTC has been stuck in a range between $29.6k and $31.4k for the past couple of weeks. CPI coming in above or below expectations could be the catalyst to break the range to the downside or upside, respectively.', '14uodcm'], ['u/mirkokiki', 17, '2023-07-09 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jrajbg2/', 'Are there any other places like this thread? Outside reddit too? Not much activity here tbh', '14uodcm'], ['u/gozunker', 13, '2023-07-09 18:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jrambaj/', 'I check this thread and crypto Twitter', '14uodcm'], ['u/xtal_00', 21, '2023-07-09 19:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/14uodcm/daily_discussion_sunday_july_09_2023/jravzsf/', 'It’s dead everywhere.', '14uodcm']]], ['u/rBitcoinMod', 'Daily Discussion, July 09, 2023', 39, '2023-07-09 08:01', 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/', "Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/14tvjxe/daily_discussion_july_08_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/', '14uqlq9', [['u/FamiliarLow5850', 15, '2023-07-09 11:18', 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/jr9a85g/', 'Another day closer to halving 🙏', '14uqlq9'], ['u/Snowbattt', 20, '2023-07-09 18:51', 'https://www.reddit.com/r/Bitcoin/comments/14uqlq9/daily_discussion_july_09_2023/jran530/', 'I am happy to report that as of today, I am a BTC maxi. Up until recently, I was 60% in BTC and 40% in the other coin whom we shall not name.\n\nI started to convert more of that coin whom we shall not name into BTC, since I\'m more and more convinced BTC is the only worthwhile. It\'s largely thanks to Benjamin Cowen that I learned this. I mean yeah, Alt-Season will probably come. Alts will probably rise. But there\'s no guarantee it will be \\your\\ alt.\n\nAnd considering some shitty doggie coins performed ridiculously well, I think we can safely say it\'s a crapshoot to guess which ones will survive and reach a new ATH. It\'s a gamble. A gamble I no longer wish to make. I don\'t need no 100x return. I\'m happy if BTC reaches 100-150k in the next couple of years, and that\'s it.\n\nAt some point I was like "well let\'s go 90% BTC and 10% in the coin we shall not name as a gamble" but I just feel like I sleep better when I can focus on BTC and BTC only. The return might not be as big as that lucky low-cap shitcoin you caught, but I don\'t need it. Like I said, if BTC reaches somewhere between 100-150k, I\'m happy.\n\nSo I decided to go for 100% BTC. Gonna put it on my cold storage wallet and just wait.', '14uqlq9']]], ['u/Kyrie-belier', 'I kinda hate it when i hear podcasters snigger at SHIB and Bone', 14, '2023-07-09 08:10', 'https://www.reddit.com/r/SHIBArmy/comments/14uqr5p/i_kinda_hate_it_when_i_hear_podcasters_snigger_at/', 'There’s this Puerto rican guy,btc maxi,his podcast Crypto News alert. \nEvery time he mention Shib he sniggers and says “still worth nothing” referring to the 5 zeros. Even when Bone pumped 13% he sniggers. \nMuch sad when these maxi feel it’s pk to put down al other tokens and adopt the attitude pf my token is better than yours.', 'https://www.reddit.com/r/SHIBArmy/comments/14uqr5p/i_kinda_hate_it_when_i_hear_podcasters_snigger_at/', '14uqr5p', [['u/BladesAllowed', 10, '2023-07-09 12:26', 'https://www.reddit.com/r/SHIBArmy/comments/14uqr5p/i_kinda_hate_it_when_i_hear_podcasters_snigger_at/jr9exhh/', "People dis what they don't hold. They think money flowing into a coin they dont hold is taking away from money that could be pumping their bags. \n\nFuck em", '14uqr5p']]], ['u/jmedwedew', 'Thoughts on Bitcoin ATMs', 29, '2023-07-09 10:39', 'https://www.reddit.com/r/Bitcoin/comments/14utb9l/thoughts_on_bitcoin_atms/', "At my local shopping centre, conversions are in the Australian dollar. I'll just leave this here...", 'https://www.reddit.com/gallery/14utb9l', '14utb9l', [['u/Hank___Scorpio', 15, '2023-07-09 13:04', 'https://www.reddit.com/r/Bitcoin/comments/14utb9l/thoughts_on_bitcoin_atms/jr9hu1m/', "It's so crazy to me how the fees are still so high given there are so many of then? Are they all just operates by the same person and all given different names/looks to give you an illusion of choice.", '14utb9l'], ['u/Glad_Cauliflower8032', 10, '2023-07-09 13:22', 'https://www.reddit.com/r/Bitcoin/comments/14utb9l/thoughts_on_bitcoin_atms/jr9j8eo/', 'the spreads are disgusting', '14utb9l']]], ['u/middlemangv', 'How come some people think that we are still early?', 142, '2023-07-09 11:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/', "How come some people think that we are still early? \n\nThere are thousands and thousands of cryptocurrencies.\n\nBitcoin is on #14 vs Biggest companies in the world if you compare market cap.\n\nEven if we reach $1,000,000 price that would be around x31 (You wouldn't hold that far).\n\nThere are exchanges worth billions.\n\nCountries around the world are working on crypto regulations, banning them, making them a legal tender, allowing them to operate in their countries etc.\n\nEvery politician heard for crypto. \n\nPeople in countries around the world are using it against corrupted governments, or against inflation (Argentina, Venezuela, countries in Africa).\n\nI mean, how could it be that we are still early? I feel like we are not early long time ago. With all the new tech around the world you didn't hear for crypto only if you live in a cave.", 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/', '14uuk9t', [['u/astockstonk', 23, '2023-07-09 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9cw8q/', 'We are not early, but we are not late either.\n\nWe still have a long way to go on adoption and use.\n\nIf you invested in Apple in 2008 after it released the iPhone, you still did great.', '14uuk9t'], ['u/liquid_at', 17, '2023-07-09 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9cwy9/', "because the percentage of people on earth that own crypto is still low.\n\nbecause the massive surge of shitcoins that try to ride the wave still exists.\n\nbecause volatility between bull and bear markets is still high.\n\nWe're not as early as people in 2013 were, but we're much earlier than people in 2033 will be.", '14uuk9t'], ['u/Prosperity_01', 219, '2023-07-09 11:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9cz4v/', 'Number of people who’ve ‘heard of’ crypto is the wrong metric, it’s about how many people understand it, use it, embrace it.', '14uuk9t'], ['u/ChemicalGreek', 17, '2023-07-09 11:58', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9d0aq/', 'To give themselves some Hopium…', '14uuk9t'], ['u/Josefumi12', 41, '2023-07-09 12:00', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9d4om/', 'One reason. I feel early because everyone in this world is still not using cryptocurrency.', '14uuk9t'], ['u/Popular_District9072', 169, '2023-07-09 12:03', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9dctu/', "well, if we were in a movie theater, I'd say we are still watching previews, not the actual movie", '14uuk9t'], ['u/Plus-Ad4019', 35, '2023-07-09 12:10', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9du97/', 'How many people you know personally are using or even just buying crypto?', '14uuk9t'], ['u/Tasigur1', 13, '2023-07-09 12:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9e33m/', '31x? Where do I have to sign? I take it Sir.', '14uuk9t'], ['u/kweabu', 16, '2023-07-09 12:15', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9e52i/', 'The belief that we are still in the early stages of crypto adoption stems from the recognition that there is still much untapped potential, technological advancements to come and regulatory developments yet to unfold.', '14uuk9t'], ['u/MaeronTargaryen', 86, '2023-07-09 12:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9f3vq/', 'Most people who heard of crypto heard of crypto scams, so that doesn’t help either', '14uuk9t'], ['u/mesutdmn', 10, '2023-07-09 12:30', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9f8rv/', "Everyone I know thinks cryptos are a get-rich-quick gamble if they're lucky.\n\nThey don't even know u can send crypto, just buying on exchanges and willing to sell at a higher price.", '14uuk9t'], ['u/Qptimised', 62, '2023-07-09 12:32', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9ffdo/', "8 out of 10 people I talk to think crypto is just a fad or a scam. \n\n1 out of 10 hasn't heard of it before.", '14uuk9t'], ['u/mesutdmn', 48, '2023-07-09 12:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9fkyb/', 'Can we skip to the scene where BTC is over $100k?', '14uuk9t'], ['u/podfather2000', 23, '2023-07-09 12:38', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9fv7j/', "Most people don't care about the underlying tech. They just want to make money in the casino.", '14uuk9t'], ['u/mesutdmn', 24, '2023-07-09 12:40', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9fyha/', 'The people I know bought at Bullrun, but they stopped buying since prices crash, they will probably gonna buy again once prices go up. \n\nI assume they love to be exit liquidity.', '14uuk9t'], ['u/skystarsss', 24, '2023-07-09 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9gb3z/', "That's the first part of the movie where the protagonist gets rich and lost it all for not selling before getting rich again but this time he learned his lesson.", '14uuk9t'], ['u/Botmaster1337', 14, '2023-07-09 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9gb9l/', 'Why would people start using crypto instead of the money we have now?', '14uuk9t'], ['u/kirtash93', 21, '2023-07-09 13:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9hv88/', 'And 0.5 out of 10 are us. True degens buying magic coins.', '14uuk9t'], ['u/lifenvelope', 11, '2023-07-09 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9jaex/', 'At least they know about the largest user case about crypto at the moment. Getting rich is why most people are here', '14uuk9t'], ['u/blairnet', 16, '2023-07-09 13:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9m6lu/', 'That’s EXACTLY why people use the current currency. Inflation drives transactions. Deflation (like Bitcoin - diminishing supply) does not incentivize transactions. It incentivizes saving and holding. Thus, it will never be truly adopted. This is why the fed targets a 2% YOY inflation, to encourage people to put their money to work.', '14uuk9t'], ['u/sponge_hitler', 10, '2023-07-09 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9moym/', 'Yeah its not like current money can be used digitally afterall its not like online banking or credit cards exist', '14uuk9t'], ['u/ptrnyc', 13, '2023-07-09 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9nsls/', 'Because if your 1000$ if going to be worth 900$ next year, you’d better buy that 1000$ tv now', '14uuk9t'], ['u/Guitarmine', 22, '2023-07-09 15:42', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jr9x7e1/', "Before people embrace crypto they need good reasons to do so. There's zero reason for the average person to touch cryptos and countless reasons why they shouldn't.\n\nYou can't match the convenience and consumer protection of credit cards and online banking. You can't really use crypto anywhere. The values are so volatile using crypto for transactions would be silly.\n\nWe've had a decade to take crypto mainstream. It doesn't take a genius to understand why that hasn't happened.", '14uuk9t'], ['u/special_onigiri', 23, '2023-07-09 16:26', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jra2uan/', "I don't talk to people about crypto, I'm not smart enough to educate others nor make others interested.", '14uuk9t'], ['u/JestaC', 14, '2023-07-09 17:14', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jra9bot/', '8 out of 10 people in the 90s also had no desire to use the internet. It was clunky, people didn’t believe their businesses needed a presence online, and the tech sucked. It took like another 20 years before mass adoption hit. \n\nSource: I was a web dev at that point trying to sell services to businesses in the late 90s.', '14uuk9t'], ['u/rockiellow', 12, '2023-07-09 19:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jrauocn/', 'A brilliant man once said, “I don’t have time to try to convince you, sorry. I’m too busy moonfarming.”', '14uuk9t'], ['u/BriefBuga', 12, '2023-07-09 21:54', 'https://www.reddit.com/r/CryptoCurrency/comments/14uuk9t/how_come_some_people_think_that_we_are_still_early/jrbd4bt/', "It's about the average person's understanding. Most don't know what the following are:\n\n1 - Blockchains\n\n2 - Seed Phrases\n\n3 - Swaps/Bridges\n\n4 - Mining/Validators/Nodes\n\n5 - Tokenomics\n\n6 - What would you add to this list?", '14uuk9t']]], ['u/hasan995', 'LRC will reach ATH this year', 152, '2023-07-09 12:39', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/', 'We have been in a bear market since 2021. I believe we are starting a new short lived bull market. Whether you believe in LRC or not, altcoins depends on BTC and that monster is waking up from historic price suppression.\n\nIn the next couple months, BTC will catch up to US equities and overtake them. This money will flow into all alts eventually. BTC is breaking out of a major cup and handle formation with DXY breaking down. This will be rocket fuel for crypto. \n\nWhether you believe in TA or not, fundamentals and indicators also align with a major leg up in BTC. The DXY is about to be sent to its grave (temporarily) and BTC dominance is topping and about to reverse which suggests that alts will start to pump alongside BTC.\n\nThe majority believe the halving is the reason for BTC pumps in the past but it is a mere coincidence with global liquidity and declining dollar. Thus, most people think we will have a bull run in 2024/25. We don’t have this luxury as crypto will be facing a recession for the first time very soon. However, new ATH first before a big crash.\n\nI am very certain in this prediction and will come back to it at ATH. I am happy to take a ban if we don’t reach ATH by end of this year.\n\nAt the time of writing, LRC is 0.228$.\n\nNFA', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/', '14uvd7t', [['u/111ThatGuy111', 48, '2023-07-09 13:07', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/jr9i2ly/', "I'm in for the LONG haul. Doesn't matter if it takes 5 years. I'm not going anywhere and neither are my loops.", '14uvd7t'], ['u/theinspiringdad', 31, '2023-07-09 13:22', 'https://www.reddit.com/r/loopringorg/comments/14uvd7t/lrc_will_reach_ath_this_year/jr9j88t/', 'When it comes to Loopring, it’s a case of ‘when’, not ‘if’. Despite the detractors here who might deride it as an unsound investment, it’s evident that Loopring’s progress points to its impending relevance in the crypto ecosystem.\n\nIt’s perplexing to encounter claims... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:A bitcoin ETF might be a divisive idea for some in the industry, but it\'s all the market has on its mind.\nInsights:The dYdX Foundation\'s Charles d\'Haussy talks about the future of the platform post-Ethereum, and what he sees as developing regulatory trends.\nCoinDesk Market Index (CMI)\n1,231\n−3.3▼0.3%\nBitcoin (BTC)\n$30,171\n−124.0▼0.4%\nEthereum (ETH)\n$1,863\n−2.5▼0.1%\nS&P 500\n4,398.95\n−12.6▼0.3%\nGold\n$1,931\n+4.4▲0.2%\nNikkei 225\n32,388.42\n−384.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u22123.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,171", "\\u2212124.0\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,398.95", "\\u221212.6\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,388.42", "\\u2212384.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Opens Week Defending $30K Support Level\nA bitcoin ETF is the only thing on the market’s mind.\nBlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive –is dividing analystsand the industry at large.\n“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report.\nBut the market, at large, doesn’t seem to mind, not caring about the nuances of decentralization.\nThe world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863.\n“In a largely uneventful week, we saw bitcoin trending downward to test support levels near $30K,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “However, the market leader managed to defend the key level despite news of the SEC calling ETF filings inadequate.”\nBlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development.\n“We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” he said.\nLooking ahead to later this week, the market will have its eye on inflation numbers and jobless claims, two figures that the Fed will consider when making its next moves on rates. Expect crypto to trade accordingly.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.0%", "DACS Sector": "Smart Contract Platform"}]\nDYdX Foundation CEO Calls Move to Own Blockchain From Ethereum a Prelude\nDYdX announced last year that it was leaving Ethereum for its own proprietary blockchain, on Cosmos,over concerns about the scalability of the blockchain. In early April, the exchange announced it had launched a V4 of its private testnet, apivotal stepin its roadmap.\nIn a recent interview with CoinDesk at the IVS Crypto Conference in Japan, Charles d\'Haussy, the CEO of the dYdX Foundation, explained the move by equating it to tech sovereignty. Having its own blockchain, he explained, allows dYdX to control its full tech stack and not depend on the speed and trade-offs of Ethereum\'s roadmap.\n“When you sit on someone else’s blockchain, you have a dependency on their roadmap. It’s not yours,” he told CoinDesk. “By having our own chain, we are able to execute much faster by moving away from a general purpose blockchain.”\nDYdX isn’t a new platform, but there’s renewed interest in it as the Securities and Exchange Commission (SEC)goes after its centralized counterparts. The platform isn’t without its growing pains, and the question at the end of the day will be if its new technology stack is the cure. Its token is downroughly 6% in the last monthas theprice of ether is up 1.3%, meaning the market is taking a cautious look at this as the exchange prepares for its next chapter.\nPart of Broader Trend\nD\'Haussy views dYdX owning its own blockchain as part of a broader trend where major crypto applications are optimizing for specific uses, thus making general-purpose blockchains less suitable.\n“At the beginning, you start with a Swiss knife, doing everything, but eventually, you want to become a craftsman and have specialized tools,” he said. “So I think we’ll see a lot of application chains and more interconnectivity between blockchains.”\nBut this doesn’t mean that dYdX will be centralized around its own chain. D\'Haussy also highlighted that dYdX is "blockchain agnostic," continually evolving and upgrading its technology. He believes this kind of adaptability is a key characteristic of successful decentralized finance applications.\nDYdX’s new blockchain will be open for other platforms to build on, but D\'Haussy pointed out that it\'s specifically designed for its own uses, and likened it to a "Formula 1 for decentralized finance."\nDiversity of validators\nTo prevent centralized failure, dYdX aims for diversity among their validators in geographies, underlying service providers, and types of providers. D\'Haussy foresees a rise in domestic validators due to certain regions lacking regulatory clarity.\n“We work on this to make sure that we\'ve got a diversity of geographies, diversity of underlying service providers, a mix of cloud providers, a mix of what we call bare metal providers,” he said.\nD\'Haussy predicts that in the coming years, regulations may require financial institutions to access public networks via domestic nodes, in order to ensure that activities on-chain fall under the purview of local regulators, which will significantly increase the demand for domestic validators.\nWhich means regulated crypto derivatives trading — if you’re in the right part of the world.\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):China Consumer Price Index (June/YoY/MoM)\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Economic Watchers Survey (June/Current and Outlook)\n3 p.m. HKT/SGT(7 a.m. UTC):China M2 Money Supply (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance\'s CZ Brushes Off News of Execs Leaving; Bitwise CIO on Spot Bitcoin ETF Race\nFortune reports at least three executives left Binance as the company prepared to defend itself on multiple fronts. Fairlead Strategies Founder Katie Stockton shared her crypto markets analysis after the June U.S. jobs report was released. Bitwise CIO Matt Hougan and Ether Capital CEO Brian Mosoff weighed in on the spot bitcoin ETF race. And, Horizen CEO Rob Viglione explained why the self-described layer 0 blockchain was shedding its privacy coin moniker.\nCoinbase Knew It May Have Been Violating the Law Prior to the SEC\'s Lawsuit, Regulator Claims:The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit.\nBlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred:Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin.\nThree Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi:A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.\nBinance Feels Strain of World’s Regulators Leaping Into Action:This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.\nThe Real Use Case for CBDCs: Dethroning the Dollar:Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.', 'Good morning. Here’s what’s happening: Prices: A bitcoin ETF might be a divisive idea for some in the industry, but it\'s all the market has on its mind. Insights: The dYdX Foundation\'s Charles d\'Haussy talks about the future of the platform post-Ethereum, and what he sees as developing regulatory trends. Prices CoinDesk Market Index (CMI) 1,231 −3.3 ▼ 0.3% Bitcoin (BTC) $30,171 −124.0 ▼ 0.4% Ethereum (ETH) $1,863 −2.5 ▼ 0.1% S&P 500 4,398.95 −12.6 ▼ 0.3% Gold $1,931 +4.4 ▲ 0.2% Nikkei 225 32,388.42 −384.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,231 −3.3 ▼ 0.3% Bitcoin (BTC) $30,171 −124.0 ▼ 0.4% Ethereum (ETH) $1,863 −2.5 ▼ 0.1% S&P 500 4,398.95 −12.6 ▼ 0.3% Gold $1,931 +4.4 ▲ 0.2% Nikkei 225 32,388.42 −384.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Opens Week Defending $30K Support Level A bitcoin ETF is the only thing on the market’s mind. BlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive – is dividing analysts and the industry at large. “So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report. But the market, at large, doesn’t seem to mind, not caring about the nuances of decentralization. The world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863. “In a largely uneventful week, we saw bitcoin trending downward to test support levels near $30K,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “However, the market leader managed to defend the key level despite news of the SEC calling ETF filings inadequate.” Story continues BlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development. “We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” he said. Looking ahead to later this week, the market will have its eye on inflation numbers and jobless claims, two figures that the Fed will consider when making its next moves on rates. Expect crypto to trade accordingly. Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +2.5% Smart Contract Platform Polygon MATIC +1.2% Smart Contract Platform Shiba Inu SHIB +0.8% Currency Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −2.4% Smart Contract Platform Cardano ADA −2.2% Smart Contract Platform Loopring LRC −2.0% Smart Contract Platform Insights DYdX Foundation CEO Calls Move to Own Blockchain From Ethereum a Prelude DYdX announced last year that it was leaving Ethereum for its own proprietary blockchain, on Cosmos, over concerns about the scalability of the blockchain . In early April, the exchange announced it had launched a V4 of its private testnet, a pivotal step in its roadmap. In a recent interview with CoinDesk at the IVS Crypto Conference in Japan, Charles d\'Haussy, the CEO of the dYdX Foundation, explained the move by equating it to tech sovereignty. Having its own blockchain, he explained, allows dYdX to control its full tech stack and not depend on the speed and trade-offs of Ethereum\'s roadmap. “When you sit on someone else’s blockchain, you have a dependency on their roadmap. It’s not yours,” he told CoinDesk. “By having our own chain, we are able to execute much faster by moving away from a general purpose blockchain.” DYdX isn’t a new platform, but there’s renewed interest in it as the Securities and Exchange Commission (SEC) goes after its centralized counterparts . The platform isn’t without its growing pains, and the question at the end of the day will be if its new technology stack is the cure. Its token is down roughly 6% in the last month as the price of ether is up 1.3% , meaning the market is taking a cautious look at this as the exchange prepares for its next chapter. Part of Broader Trend D\'Haussy views dYdX owning its own blockchain as part of a broader trend where major crypto applications are optimizing for specific uses, thus making general-purpose blockchains less suitable. “At the beginning, you start with a Swiss knife, doing everything, but eventually, you want to become a craftsman and have specialized tools,” he said. “So I think we’ll see a lot of application chains and more interconnectivity between blockchains.” But this doesn’t mean that dYdX will be centralized around its own chain. D\'Haussy also highlighted that dYdX is "blockchain agnostic," continually evolving and upgrading its technology. He believes this kind of adaptability is a key characteristic of successful decentralized finance applications. DYdX’s new blockchain will be open for other platforms to build on, but D\'Haussy pointed out that it\'s specifically designed for its own uses, and likened it to a "Formula 1 for decentralized finance." Diversity of validators To prevent centralized failure, dYdX aims for diversity among their validators in geographies, underlying service providers, and types of providers. D\'Haussy foresees a rise in domestic validators due to certain regions lacking regulatory clarity. “We work on this to make sure that we\'ve got a diversity of geographies, diversity of underlying service providers, a mix of cloud providers, a mix of what we call bare metal providers,” he said. D\'Haussy predicts that in the coming years, regulations may require financial institutions to access public networks via domestic nodes, in order to ensure that activities on-chain fall under the purview of local regulators, which will significantly increase the demand for domestic validators. Which means regulated crypto derivatives trading — if you’re in the right part of the world. Important events. 9:30 a.m. HKT/SGT(1:30 a.m. UTC): China Consumer Price Index (June/YoY/MoM) 1 p.m. HKT/SGT(5 a.m. UTC): Japan Economic Watchers Survey (June/Current and Outlook) 3 p.m. HKT/SGT(7 a.m. UTC): China M2 Money Supply (June/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance\'s CZ Brushes Off News of Execs Leaving; Bitwise CIO on Spot Bitcoin ETF Race Fortune reports at least three executives left Binance as the company prepared to defend itself on multiple fronts. Fairlead Strategies Founder Katie Stockton shared her crypto markets analysis after the June U.S. jobs report was released. Bitwise CIO Matt Hougan and Ether Capital CEO Brian Mosoff weighed in on the spot bitcoin ETF race. And, Horizen CEO Rob Viglione explained why the self-described layer 0 blockchain was shedding its privacy coin moniker. Headlines Coinbase Knew It May Have Been Violating the Law Prior to the SEC\'s Lawsuit, Regulator Claims: The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit. BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred: Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin. Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi: A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims. Binance Feels Strain of World’s Regulators Leaping Into Action: This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange. The Real Use Case for CBDCs: Dethroning the Dollar: Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.', 'Good morning. Here’s what’s happening:\nPrices:A bitcoin ETF might be a divisive idea for some in the industry, but it\'s all the market has on its mind.\nInsights:The dYdX Foundation\'s Charles d\'Haussy talks about the future of the platform post-Ethereum, and what he sees as developing regulatory trends.\nCoinDesk Market Index (CMI)\n1,231\n−3.3▼0.3%\nBitcoin (BTC)\n$30,171\n−124.0▼0.4%\nEthereum (ETH)\n$1,863\n−2.5▼0.1%\nS&P 500\n4,398.95\n−12.6▼0.3%\nGold\n$1,931\n+4.4▲0.2%\nNikkei 225\n32,388.42\n−384.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,231", "\\u22123.3\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,171", "\\u2212124.0\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,398.95", "\\u221212.6\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,388.42", "\\u2212384.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Opens Week Defending $30K Support Level\nA bitcoin ETF is the only thing on the market’s mind.\nBlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive –is dividing analystsand the industry at large.\n“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report.\nBut the market, at large, doesn’t seem to mind, not caring about the nuances of decentralization.\nThe world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863.\n“In a largely uneventful week, we saw bitcoin trending downward to test support levels near $30K,” BitBull Capital’s Joe DiPasquale said in a note to CoinDesk. “However, the market leader managed to defend the key level despite news of the SEC calling ETF filings inadequate.”\nBlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development.\n“We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” he said.\nLooking ahead to later this week, the market will have its eye on inflation numbers and jobless claims, two figures that the Fed will consider when making its next moves on rates. Expect crypto to trade accordingly.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22122.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22122.0%", "DACS Sector": "Smart Contract Platform"}]\nDYdX Foundation CEO Calls Move to Own Blockchain From Ethereum a Prelude\nDYdX announced last year that it was leaving Ethereum for its own proprietary blockchain, on Cosmos,over concerns about the scalability of the blockchain. In early April, the exchange announced it had launched a V4 of its private testnet, apivotal stepin its roadmap.\nIn a recent interview with CoinDesk at the IVS Crypto Conference in Japan, Charles d\'Haussy, the CEO of the dYdX Foundation, explained the move by equating it to tech sovereignty. Having its own blockchain, he explained, allows dYdX to control its full tech stack and not depend on the speed and trade-offs of Ethereum\'s roadmap.\n“When you sit on someone else’s blockchain, you have a dependency on their roadmap. It’s not yours,” he told CoinDesk. “By having our own chain, we are able to execute much faster by moving away from a general purpose blockchain.”\nDYdX isn’t a new platform, but there’s renewed interest in it as the Securities and Exchange Commission (SEC)goes after its centralized counterparts. The platform isn’t without its growing pains, and the question at the end of the day will be if its new technology stack is the cure. Its token is downroughly 6% in the last monthas theprice of ether is up 1.3%, meaning the market is taking a cautious look at this as the exchange prepares for its next chapter.\nPart of Broader Trend\nD\'Haussy views dYdX owning its own blockchain as part of a broader trend where major crypto applications are optimizing for specific uses, thus making general-purpose blockchains less suitable.\n“At the beginning, you start with a Swiss knife, doing everything, but eventually, you want to become a craftsman and have specialized tools,” he said. “So I think we’ll see a lot of application chains and more interconnectivity between blockchains.”\nBut this doesn’t mean that dYdX will be centralized around its own chain. D\'Haussy also highlighted that dYdX is "blockchain agnostic," continually evolving and upgrading its technology. He believes this kind of adaptability is a key characteristic of successful decentralized finance applications.\nDYdX’s new blockchain will be open for other platforms to build on, but D\'Haussy pointed out that it\'s specifically designed for its own uses, and likened it to a "Formula 1 for decentralized finance."\nDiversity of validators\nTo prevent centralized failure, dYdX aims for diversity among their validators in geographies, underlying service providers, and types of providers. D\'Haussy foresees a rise in domestic validators due to certain regions lacking regulatory clarity.\n“We work on this to make sure that we\'ve got a diversity of geographies, diversity of underlying service providers, a mix of cloud providers, a mix of what we call bare metal providers,” he said.\nD\'Haussy predicts that in the coming years, regulations may require financial institutions to access public networks via domestic nodes, in order to ensure that activities on-chain fall under the purview of local regulators, which will significantly increase the demand for domestic validators.\nWhich means regulated crypto derivatives trading — if you’re in the right part of the world.\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):China Consumer Price Index (June/YoY/MoM)\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Economic Watchers Survey (June/Current and Outlook)\n3 p.m. HKT/SGT(7 a.m. UTC):China M2 Money Supply (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance\'s CZ Brushes Off News of Execs Leaving; Bitwise CIO on Spot Bitcoin ETF Race\nFortune reports at least three executives left Binance as the company prepared to defend itself on multiple fronts. Fairlead Strategies Founder Katie Stockton shared her crypto markets analysis after the June U.S. jobs report was released. Bitwise CIO Matt Hougan and Ether Capital CEO Brian Mosoff weighed in on the spot bitcoin ETF race. And, Horizen CEO Rob Viglione explained why the self-described layer 0 blockchain was shedding its privacy coin moniker.\nCoinbase Knew It May Have Been Violating the Law Prior to the SEC\'s Lawsuit, Regulator Claims:The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit.\nBlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred:Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin.\nThree Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi:A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.\nBinance Feels Strain of World’s Regulators Leaping Into Action:This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.\nThe Real Use Case for CBDCs: Dethroning the Dollar:Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.', 'Bitcoin dipped in Monday morning trading in Asia but held above the US$30,000 support level. Ether edged lower along with most other top 10 non-stablecoin cryptocurrencies, as anticipation of further interest rate hikes in the U.S. reduces appetite for risk across markets. Meanwhile, a JPMorgan report claims that the recent flurry of Bitcoin exchange-traded fund (ETF) applications in the U.S. may not be the game changer that some expect. This is\xa0reducing some of the optimism surrounding\xa0ongoing Bitcoin ETF applications by major Wall Street names, includingBlackRock.\nBitcoin dropped 0.32% over the last 24 hours to US$30,157 at 07:40 a.m. in Hong Kong to post a weekly loss of 1.33%, according todatafrom CoinMarketCap. The world’s leading cryptocurrency traded in the lower US$30,000 range over the weekend.\nEther edged 0.09% lower to US$1,862 and lost 3.71% for the week.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours. The exception was Polygon’s Matic token, which gained 1.15% to US$0.6876. It added 1.07% over the past seven days.\nWhile multiple Bitcoin ETF applications in the past month have stirred optimism in the crypto market, their approval may not prove as transformational as some Bitcoin advocates expect, claimed a JP Morganreporton Friday.\xa0 Similar products have existed inCanadaandEuropebut received limited inflows, the report suggests.\nDespite this element of doubt creeping in, Bitcoin whales remain bullish on the token. Blockchain data trackerSantimentnoted in atweeton Sunday that addresses holding 10 to 10,000 Bitcoin had added a further 71,000 Bitcoin totalling approximately US$2.15 billion since July 17.\n“Investors sentiment seems to — still — be slightly bolstered by Blackrock’s CEOLarry Fink’s commentand the prospect that such an openness to the asset class increases the chances of a spot BTC ETF,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“It’s worth noting that while far off, the pile up of ETF applications hints at the fact that, eventually, we will see one and, once we do, other ETFs like an ETH-denominated one might see the light of day,” d’Anethan added.\nCrypto exchange BingXannouncedon Saturday it would support Polygon blockchain’sIndore upgrade, which it said would improve the performance of the Polygon network. The move is likely to take effect\xa0from July 11.\nFounded in 2018 and headquartered in Singapore, BingX said it provides services in over 100 countries and regions, with over 5 million users, according to the press release.\nThe total cryptocurrency market cap was unchanged in the past 24 hours at US$1.18 trillion, while crypto trading volume dipped 0.22% to US$19.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.73% in the 24 hours to 10:00 a.m. in Hong Kong to 2,756.26, down 0.97% for the week. Forkast’s Ethereum, Polygon and Cardano NFT market indices also logged drops, while Solana’s index inched higher.\n“Over the past few days the NFT market buyers and farmers have found some value in NFT collections that had hit all-time low floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe world’s leading NFT marketplace Blurlaunchedits version 2 trading platform last Thursday. This introduced a new “trait bidding” feature that allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\n“Blur’s new trait offers are possibly taking pressure off of floor NFT farming,” said Petscher. This could potentially lead to more price stability for Ethereum NFT projects, he added.\nThe floor prices of major Ethereum-based NFT collectionsBored Ape Yacht Club (BAYC),AzukiandHV-MTLhave all logged two-digit gains in the past seven days. However, all three\xa0are still down at least 25% for the month, according to data from CoinGecko.\n“The sentiment in the NFT community is that [a number of collections] likely won’t recover and that this is a dead cat bounce. I expect prices to continue to bleed out until these collections find floors in the low few hundred dollar range,” Petscher said.\nTotal NFT trading volume rose 10.37% to US$26.49 million as of 11:10 a.m. in Hong Kong, according to Cryptoslam data. The volume on the Ethereum blockchain edged up 1.39% to US$14.89 million, while Bitcoin volume jumped 87.65% to US$6.76 million.\nU.S. stock futures traded lower as of 11:40 a.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also closed lower on regular session trading Friday and logged losses for the week.\nMeanwhile, most main stock indexes across Asia are mixed on Monday, with China’sShanghai Composite Indexand Hong Kong’sHang Sengedging up. South Korea’sKospiand Japan’sNikkeiposted losses.\nThe U.S.employment situation summaryby the Labor Department on Friday showed the economy added 209,000 jobs in June. That is the smallest monthly increase in the past two and a half years and lower thanReuters’ expectationof 225,000.\nHowever, wage increases and a drop in the unemployment rate indicate that the labor market is still tight. That may pave the way for further monetarytighteningfrom the Federal Reserve within the year.\nThe U.S. interest\xa0rate currently sits between 5% and 5.25%. However, theCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase at the Fed’s meeting on July 26. The likelihood the Fed won’t increase is at just 7.6%.\nAnalysts also give a 35.2% chance that the Fed will raise the rate by another 25 basis points in November, up from 9.5% a month ago.\nAll eyes are now on the U.S. consumer price index (CPI) ahead of its release on Wednesday. The index will give investors more insight into U.S. inflation and the Fed’s future monetary policies.\nAnalysts currently expect the annual inflation rate to drop to 3.1% in June, down from 4% in the previous month, as reported byBloombergon Sunday.\nMeanwhile in China, the country’s ownCPIposted no annual increase in June. That is the weakest monthly showing since adropin February 2021. The results point to a weakening recovery in the country’s post-Covid economy. Further weakening may lead to calls for increased economic stimulus measures.\n(Updates with equity section.)', 'Bitcoin dipped in Monday morning trading in Asia but held above the US$30,000 support level. Ether edged lower along with most other top 10 non-stablecoin cryptocurrencies, as anticipation of further interest rate hikes in the U.S. reduces appetite for risk across markets. Meanwhile, a JPMorgan report claims that the recent flurry of Bitcoin exchange-traded fund (ETF) applications in the U.S. may not be the game changer that some expect. This is\xa0reducing some of the optimism surrounding\xa0ongoing Bitcoin ETF applications by major Wall Street names, includingBlackRock.\nBitcoin dropped 0.32% over the last 24 hours to US$30,157 at 07:40 a.m. in Hong Kong to post a weekly loss of 1.33%, according todatafrom CoinMarketCap. The world’s leading cryptocurrency traded in the lower US$30,000 range over the weekend.\nEther edged 0.09% lower to US$1,862 and lost 3.71% for the week.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours. The exception was Polygon’s Matic token, which gained 1.15% to US$0.6876. It added 1.07% over the past seven days.\nWhile multiple Bitcoin ETF applications in the past month have stirred optimism in the crypto market, their approval may not prove as transformational as some Bitcoin advocates expect, claimed a JP Morganreporton Friday.\xa0 Similar products have existed inCanadaandEuropebut received limited inflows, the report suggests.\nDespite this element of doubt creeping in, Bitcoin whales remain bullish on the token. Blockchain data trackerSantimentnoted in atweeton Sunday that addresses holding 10 to 10,000 Bitcoin had added a further 71,000 Bitcoin totalling approximately US$2.15 billion since July 17.\n“Investors sentiment seems to — still — be slightly bolstered by Blackrock’s CEOLarry Fink’s commentand the prospect that such an openness to the asset class increases the chances of a spot BTC ETF,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\n“It’s worth noting that while far off, the pile up of ETF applications hints at the fact that, eventually, we will see one and, once we do, other ETFs like an ETH-denominated one might see the light of day,” d’Anethan added.\nCrypto exchange BingXannouncedon Saturday it would support Polygon blockchain’sIndore upgrade, which it said would improve the performance of the Polygon network. The move is likely to take effect\xa0from July 11.\nFounded in 2018 and headquartered in Singapore, BingX said it provides services in over 100 countries and regions, with over 5 million users, according to the press release.\nThe total cryptocurrency market cap was unchanged in the past 24 hours at US$1.18 trillion, while crypto trading volume dipped 0.22% to US$19.74 billion, according to CoinMarketCap data.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.73% in the 24 hours to 10:00 a.m. in Hong Kong to 2,756.26, down 0.97% for the week. Forkast’s Ethereum, Polygon and Cardano NFT market indices also logged drops, while Solana’s index inched higher.\n“Over the past few days the NFT market buyers and farmers have found some value in NFT collections that had hit all-time low floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe world’s leading NFT marketplace Blurlaunchedits version 2 trading platform last Thursday. This introduced a new “trait bidding” feature that allows traders to bid on specific NFT traits rather than collections and receive Blur reward points.\n“Blur’s new trait offers are possibly taking pressure off of floor NFT farming,” said Petscher. This could potentially lead to more price stability for Ethereum NFT projects, he added.\nThe floor prices of major Ethereum-based NFT collectionsBored Ape Yacht Club (BAYC),AzukiandHV-MTLhave all logged two-digit gains in the past seven days. However, all three\xa0are still down at least 25% for the month, according to data from CoinGecko.\n“The sentiment in the NFT community is that [a number of collections] likely won’t recover and that this is a dead cat bounce. I expect prices to continue to bleed out until these collections find floors in the low few hundred dollar range,” Petscher said.\nTotal NFT trading volume rose 10.37% to US$26.49 million as of 11:10 a.m. in Hong Kong, according to Cryptoslam data. The volume on the Ethereum blockchain edged up 1.39% to US$14.89 million, while Bitcoin volume jumped 87.65% to US$6.76 million.\nU.S. stock futures traded lower as of 11:40 a.m. in Hong Kong, according to data fromCNN. The three major U.S. indexes also closed lower on regular session trading Friday and logged losses for the week.\nMeanwhile, most main stock indexes across Asia are mixed on Monday, with China’sShanghai Composite Indexand Hong Kong’sHang Sengedging up. South Korea’sKospiand Japan’sNikkeiposted losses.\nThe U.S.employment situation summaryby the Labor Department on Friday showed the economy added 209,000 jobs in June. That is the smallest monthly increase in the past two and a half years and lower thanReuters’ expectationof 225,000.\nHowever, wage increases and a drop in the unemployment rate indicate that the labor market is still tight. That may pave the way for further monetarytighteningfrom the Federal Reserve within the year.\nThe U.S. interest\xa0rate currently sits between 5% and 5.25%. However, theCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase at the Fed’s meeting on July 26. The likelihood the Fed won’t increase is at just 7.6%.\nAnalysts also give a 35.2% chance that the Fed will raise the rate by another 25 basis points in November, up from 9.5% a month ago.\nAll eyes are now on the U.S. consumer price index (CPI) ahead of its release on Wednesday. The index will give investors more insight into U.S. inflation and the Fed’s future monetary policies.\nAnalysts currently expect the annual inflation rate to drop to 3.1% in June, down from 4% in the previous month, as reported byBloombergon Sunday.\nMeanwhile in China, the country’s ownCPIposted no annual increase in June. That is the weakest monthly showing since adropin February 2021. The results point to a weakening recovery in the country’s post-Covid economy. Further weakening may lead to calls for increased economic stimulus measures.\n(Updates with equity section.)', 'Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," andBitcoinwill be the most sensible currency for AI to utilize, according to Arthur Hayes, co-founder of BitMEX.\nAs the analog banking sector cannot offer the same degree of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the necessary digital infrastructure.\nIn order to reduce the chance of deplatforming, he also emphasized the need for a payment rail that is censorship-resistant and has apparent and obvious standards. Because it is censorship-resistant and limited to 21 million coins, which establishes its worth over time, Hayes claimed that Bitcoin is the best cryptocurrency for AI.\nStablecoins, on the other hand, can be frozen and censored by their issuer, making them less suitable for AI. Hayes dismissedEthereumas a contender for AI\'s currency of choice, arguing that it has other applications, unlike Bitcoin and fiat currency, which are "just money."', 'Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," andBitcoinwill be the most sensible currency for AI to utilize, according to Arthur Hayes, co-founder of BitMEX.\nAs the analog banking sector cannot offer the same degree of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the necessary digital infrastructure.\nIn order to reduce the chance of deplatforming, he also emphasized the need for a payment rail that is censorship-resistant and has apparent and obvious standards. Because it is censorship-resistant and limited to 21 million coins, which establishes its worth over time, Hayes claimed that Bitcoin is the best cryptocurrency for AI.\nStablecoins, on the other hand, can be frozen and censored by their issuer, making them less suitable for AI. Hayes dismissedEthereumas a contender for AI\'s currency of choice, arguing that it has other applications, unlike Bitcoin and fiat currency, which are "just money."', 'Arthur Hayes: Bitcoin Will Be AI\x92s Native Currency Arthur Hayes Claimed That Bitcoin Is The Best Cryptocurrency For AI Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," and Bitcoin will be the most sensible currency for AI to utilize, according to Arthur Hayes, co-founder of BitMEX. As the analog banking sector cannot offer the same degree of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the necessary digital infrastructure. In order to reduce the chance of deplatforming, he also emphasized the need for a payment rail that is censorship-resistant and has apparent and obvious standards. Because it is censorship-resistant and limited to 21 million coins, which establishes its worth over time, Hayes claimed that Bitcoin is the best cryptocurrency for AI. Stablecoins, on the other hand, can be frozen and censored by their issuer, making them less suitable for AI. Hayes dismissed Ethereum as a contender for AI\'s currency of choice, arguing that it has other applications, unlike Bitcoin and fiat currency, which are "just money." View comments', 'Democratic presidential candidate Robert F. Kennedy Jr.confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30.\nAccording to CNBC, which acquired a financial disclosure, Kennedy had bought Bitcoin despite previously saying he was not an investor inBitcoin, and claiming that it was owned by his wife. Democratic Rep. Dennis Kucinich, the campaign manager for Kennedy, claimed that there is no conflict of interest and that the transaction happened after Kennedy made supportive comments about Bitcoin in Miami.\nAmong Democratic contenders, Kennedy has been a vocal proponent of Bitcoin, and his campaign announced that it will take Bitcoin payments. Some well-known members of the cryptocurrency space have endorsed Kennedy, notably Block CEO Jack Dorsey, who declared last month that Kennedy "can and will" defeat Florida Governor Ron DeSantis or Donald Trump in the general election. However, a recent poll indicates that 65% of voters would choose President Joe Biden in the Democratic presidential primaries, as opposed to 14% who would support Kennedy.', 'Democratic presidential candidate Robert F. Kennedy Jr.confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30.\nAccording to CNBC, which acquired a financial disclosure, Kennedy had bought Bitcoin despite previously saying he was not an investor inBitcoin, and claiming that it was owned by his wife. Democratic Rep. Dennis Kucinich, the campaign manager for Kennedy, claimed that there is no conflict of interest and that the transaction happened after Kennedy made supportive comments about Bitcoin in Miami.\nAmong Democratic contenders, Kennedy has been a vocal proponent of Bitcoin, and his campaign announced that it will take Bitcoin payments. Some well-known members of the cryptocurrency space have endorsed Kennedy, notably Block CEO Jack Dorsey, who declared last month that Kennedy "can and will" defeat Florida Governor Ron DeSantis or Donald Trump in the general election. However, a recent poll indicates that 65% of voters would choose President Joe Biden in the Democratic presidential primaries, as opposed to 14% who would support Kennedy.', 'Presidential Hopeful Robert F. Kennedy Confirms He Owns Bitcoin: Report According to CNBC, Which Acquired a Financial Disclosure, Kennedy Had Bought Bitcoin Democratic presidential candidate Robert F. Kennedy Jr. confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. According to CNBC, which acquired a financial disclosure, Kennedy had bought Bitcoin despite previously saying he was not an investor in Bitcoin , and claiming that it was owned by his wife. Democratic Rep. Dennis Kucinich, the campaign manager for Kennedy, claimed that there is no conflict of interest and that the transaction happened after Kennedy made supportive comments about Bitcoin in Miami. Among Democratic contenders, Kennedy has been a vocal proponent of Bitcoin, and his campaign announced that it will take Bitcoin payments. Some well-known members of the cryptocurrency space have endorsed Kennedy, notably Block CEO Jack Dorsey, who declared last month that Kennedy "can and will" defeat Florida Governor Ron DeSantis or Donald Trump in the general election. However, a recent poll indicates that 65% of voters would choose President Joe Biden in the Democratic presidential primaries, as opposed to 14% who would support Kennedy.', 'SkyQuest Technology Consulting Pvt. Ltd. Waste heat recovery system market is segmented based on the application and end-user. Based on application, the waste heat recovery system market is segmented into pre-heating, steam & electricity generation, and others. Based on end-user, the waste heat recovery system market is segmented into petroleum refinery, power, cement, chemical, metal production, pulp & paper, and others- Industry Forecast 2023-2030 Westford, USA, July 09, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the growing concerns surrounding greenhouse gas (GHG) emissions and the increasing focus on reducing carbon footprints are expected to be key driving factors for the global waste heat recovery system market in the forecast period. Stringent regulations to curb emissions and promote sustainability drive industries to adopt more environmentally friendly practices. Browse in-depth TOC on the "Waste Heat Recovery System Market" Pages - 242 Tables -\xa0 67 Figures – 75 Get sample copy of this report: https://www.skyquestt.com/sample-request/waste-heat-recovery-system-market The waste heat recovery system market is expected to experience significant growth due to technological advancements in heat recovery systems and favorable government measures aimed at harnessing waste heat for energy generation. Waste heat is generated as a byproduct of various industrial processes, power generation activities, and even vehicle exhaust emissions. Report Scope & Segmentation: Attributes Details Market Size in 2022 USD 68.6 Billion 2030 Value Projection USD 127.2 Billion CAGR 9.2% Forecast Period 2023-2030 Segments Covered Application End-User Regions Covered North America Europe Asia Pacific Latin America Middle East and Africa Prominent Players in the Waste Heat Recovery System Market ABB Alfa Laval AB Amec Foster Wheeler plc Bosch Industrial Boilers Clean Energy Technologies Inc. Cochran Ltd Danfoss A/S Echogen Power Systems Inc. Econotherm Ltd General Electric Company Mitsubishi Heavy Industries Ltd. Ormat Technologies Inc. Regenerate Power Siemens AG Sigma Thermal Inc. Thermax Ltd Viessmann Werke GmbH & Co. KG Walchandnagar Industries Limited Waste Heat Recovery Systems International LLC ZEG Power AS Story continues Browse summary of the report and Complete Table of Contents (ToC): https://www.skyquestt.com/report/waste-heat-recovery-system-market Electricity Generation and Steam Generation Segment is Expected to Grow in the Market Due to Increasing Demand for Electricity The application of activated carbon in electricity generation and steam generation has been the dominant segment in the waste heat recovery system market, primarily driven by the increasing global demand for electricity. Factors such as rising electricity prices and the ongoing efforts to reduce greenhouse gas emissions have led to adoption of waste heat recovery systems for electricity and steam generation. The markets in North America are anticipated to emerge as the largest regional waste heat recovery system market. This growth can be attributed to the increasing demand for on-site power generation and the implementation of energy-efficient technologies in various industries. The region is witnessing a rise in initiatives promoting sustainable and clean energy solutions, leading to higher waste heat recovery systems adoption. Preheating Segment is Expected to Dominate the Market Due to Utilized for Preheating Combustion Air The preheating application segment has exhibited the fastest CAGR of 6.9% from 2023 to 2030 in the waste heat recovery system market. Waste heat recovery systems play a crucial role in this segment, primarily utilized for preheating combustion air, furnace loads, boiler feed water, and space heating applications. Regional markets in Europe are poised to become the second-largest regional market. The waste heat recovery system market growth is fueled by several factors, including the increasing awareness and adoption of WHR systems and the European Union\'s waste-to-energy initiative. As European countries focus on sustainability and resource efficiency, using waste heat to generate power aligns with their environmental goals. A comprehensive analysis of the major players in the waste heat recovery system market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand. Key Developments in the Waste Heat Recovery System Market Transitional Energy and ElectraTherm recently joined forc Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $585,388,760,906 - Hash Rate: 387716032.92048943 - Transaction Count: 507115.0 - Unique Addresses: 679425.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Core developers are considering getting rid ofBRC-20transactions, a type of smart contract that enables the creation and management of tokens on the Bitcoin network. The discussion around the elimination of BRC-20 transactions can be found on the Bitcoin Development Mailing List and comes as the Bitcoin network has been facing serious congestion issues related to the growing popularity of BRC-20 tokens andOrdinalsInscriptions more generally. Some members of the Bitcoin community have expressed concern about the potential impact of eliminating BRC-20 transactions and others have questioned whether it would even be possible to implement in an appropriate manner. Critics of a potential ban argue that BRC-20 tokens could become an important part of the Bitcoin ecosystem, enabling gambling on meme tokens via the Bitcoin blockchain and improving long-term economics for miners. Moreover, BRC-20 tokens have gained popularity in a relatively short period of time, surpassing a collective market cap of $1 billion this week.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets. Their spirits were lifted after regulators gave their blessing to 2X Volatility Shares to start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF. The news was more bittersweet, however, for another contender hoping for a chance to offer a spot ETF: Grayscale. Donald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets. Grayscale Is Suing SEC After Spot Bitcoin ETF Rejection \x93The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot Bitcoin ETPs differently than bitcoin futures ETPs,\x94 Verilli wrote in a letter to the clerk for the U.S. Court of Appeals in Washington D.C. on Monday. For the better part of a year, the asset manager has been locked in a lawsuit against the Securities and Exchange Commission, which it accuses of being unfair and arbitrary in its approval process. Grayscale sued the SEC last June after the agency rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot market ETF. The SEC argued that Grayscale\'s application lacked a plan to monitor any impact on spot prices that came from fraud or market manipulation. Grayscale has rejected this claim, countering that futures prices themselves are drawn from spot markets, a stance that the federal judge hearing the lawsuit showed some sympathy towards at a hearing in March. Judges Scrutinize SEC Over Denial of Grayscale Bitcoin ETF For Grayscale, the approval of the Volatility Shares ETF was just more proof of the SEC\x92s inconsistency. In his letter, Verilli argued that by dealing with futures markets using leverage to achieve bigger returns, the fund was exposing investors to more risk than a spot or traditional futures ETF would. This, he argues, should invalidate their rationale opposing Grayscale\x92s filing. Story continues "While the commission could theoretically correct its discriminatory treatment of spot bitcoin ETPs by rescinding its approval of all Bitcoin-based ETPs, the Commission\'s apparent willingness to permit even a leveraged bitcoin futures ETP\x97a particularly high-risk version of a Bitcoin futures product\x97makes clear [it] has no intention of doing so," said Verilli. Representatives from Volatility Shares declined to comment on Verilli\x92s arguments. In an earlier interview with Decrypt , the ETF\x92s co-founder and president Justin Young said that it was Grayscale\x92s initial application that cracked the door open to recent entrants like BlackRock to also seek a spot market product. He added that it was his belief that approval of the Volatility Shares\x92 ETF could facilitate approval for one. Bitcoin Spot ETF Will Open Door to New Investors: Volatility Shares Co-Founder "I think it brings to a lot of people\'s attention the thought that if the SEC has let a leveraged Bitcoin linked product through, why on Earth wouldn\'t they allow spot Bitcoin through?" Young said. In a Twitter thread, Grayscale appeared to be in some agreement with this view, noting that it is not claiming that products like Volatility Shares\' ETF should not exist. The firm insisted instead that it was motivated to speak out against the SEC\'s approval process. "Ultimately, excitement for these products backs up what we\x92ve been saying all along: that investors are eager for $BTC exposure with the protections of the ETF wrapper," it wrote.', 'ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets.\nTheir spirits were lifted after regulators gave their blessing to2X Volatility Sharesto start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF.\nThe news was more bittersweet, however, for another contender hoping for a chance to offer a spot ETF: Grayscale.\nDonald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets.\n“The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot Bitcoin ETPs differently than bitcoin futures ETPs,” Verilli wrote in aletterto the clerk for the U.S. Court of Appeals in Washington D.C. on Monday.\nFor the better part of a year, the asset manager has been locked in a lawsuit against the Securities and Exchange Commission, which it accuses of being unfair and arbitrary in its approval process. Grayscalesued the SEClast June after the agency rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot market ETF.\nThe SEC argued that Grayscale\'s application lacked a plan to monitor any impact on spot prices that came from fraud or market manipulation. Grayscale has rejected this claim, countering that futures prices themselves are drawn from spot markets, a stance that thefederal judge hearingthe lawsuit showed some sympathy towards at a hearing in March.\nFor Grayscale, the approval of the Volatility Shares ETF was just more proof of the SEC’s inconsistency. In his letter, Verilli argued that by dealing with futures markets using leverage to achieve bigger returns, the fund was exposing investors to more risk than a spot or traditional futures ETF would. This, he argues, should invalidate their rationale opposing Grayscale’s filing.\n"While the commission could theoretically correct its discriminatory treatment of spot bitcoin ETPs by rescinding its approval of all Bitcoin-based ETPs, the Commission\'s apparent willingness to permit even a leveraged bitcoin futures ETP—a particularly high-risk version of a Bitcoin futures product—makes clear [it] has no intention of doing so," said Verilli.\nRepresentatives from Volatility Shares declined to comment on Verilli’s arguments.\nIn anearlier interviewwithDecrypt, the ETF’s co-founder and president Justin Young said that it was Grayscale’s initial application that cracked the door open to recent entrants like BlackRock to also seek a spot market product. He added that it was his belief that approval of the Volatility Shares’ ETF could facilitate approval for one.\n"I think it brings to a lot of people\'s attention the thought that if the SEC has let a leveraged Bitcoin linked product through, why on Earth wouldn\'t they allow spot Bitcoin through?" Young said.\nIn a Twitter thread, Grayscale appeared to be in some agreement with this view, noting that it is not claiming that products like Volatility Shares\' ETF should not exist. The firm insisted instead that it was motivated to speak out against the SEC\'s approval process.\n"Ultimately, excitement for these products backs up what we’ve been saying all along: that investors are eager for $BTC exposure with the protections of the ETF wrapper," it wrote.', 'ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets.\nTheir spirits were lifted after regulators gave their blessing to2X Volatility Sharesto start trading the first ETF in leveraged Bitcoin futures on June 23. For many observers, the move was a step in the right direction, toward the inevitable approval of a spot market ETF.\nThe news was more bittersweet, however, for another contender hoping for a chance to offer a spot ETF: Grayscale.\nDonald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets.\n“The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot Bitcoin ETPs differently than bitcoin futures ETPs,” Verilli wrote in aletterto the clerk for the U.S. Court of Appeals in Washington D.C. on Monday.\nFor the better part of a year, the asset manager has been locked in a lawsuit against the Securities and Exchange Commission, which it accuses of being unfair and arbitrary in its approval process. Grayscalesued the SEClast June after the agency rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot market ETF.\nThe SEC argued that Grayscale\'s application lacked a plan to monitor any impact on spot prices that came from fraud or market manipulation. Grayscale has rejected this claim, countering that futures prices themselves are drawn from spot markets, a stance that thefederal judge hearingthe lawsuit showed some sympathy towards at a hearing in March.\nFor Grayscale, the approval of the Volatility Shares ETF was just more proof of the SEC’s inconsistency. In his letter, Verilli argued that by dealing with futures markets using leverage to achieve bigger returns, the fund was exposing investors to more risk than a spot or traditional futures ETF would. This, he argues, should invalidate their rationale opposing Grayscale’s filing.\n"While the commission could theoretically correct its discriminatory treatment of spot bitcoin ETPs by rescinding its approval of all Bitcoin-based ETPs, the Commission\'s apparent willingness to permit even a leveraged bitcoin futures ETP—a particularly high-risk version of a Bitcoin futures product—makes clear [it] has no intention of doing so," said Verilli.\nRepresentatives from Volatility Shares declined to comment on Verilli’s arguments.\nIn anearlier interviewwithDecrypt, the ETF’s co-founder and president Justin Young said that it was Grayscale’s initial application that cracked the door open to recent entrants like BlackRock to also seek a spot market product. He added that it was his belief that approval of the Volatility Shares’ ETF could facilitate approval for one.\n"I think it brings to a lot of people\'s attention the thought that if the SEC has let a leveraged Bitcoin linked product through, why on Earth wouldn\'t they allow spot Bitcoin through?" Young said.\nIn a Twitter thread, Grayscale appeared to be in some agreement with this view, noting that it is not claiming that products like Volatility Shares\' ETF should not exist. The firm insisted instead that it was motivated to speak out against the SEC\'s approval process.\n"Ultimately, excitement for these products backs up what we’ve been saying all along: that investors are eager for $BTC exposure with the protections of the ETF wrapper," it wrote.', 'Forget lists of words and alphanumeric strings: a new Bitcoin tool lets you hide the key to your coins inside a rainbow.\nBitcoin developer Entero Positivo launched “BIP39Colors” last month, an open-sourcetoolthat can convert one’s BIP39 mnemonic phrase into a series of colors, and vice versa.\n“With this method, you can convert your 12-word phrase to 8 colors (or your 24-word phrase to 16 colors),” explained Positivo toDecryptvia DM. “Then you can convert your colors back to your original seed.”\nBIP39 is a standard for generating one’s seed phrase, an ordered set of 12 to 24 words that contains the information necessary to create a private key, which is used to create and access one’s Bitcoin wallet.\nThe standardization of mnemonic phrases was meant to make it easier for users to recover their crypto in case they lose their wallet device, converting their complex private key into a set of readable words.\nMostwallet providerstoday encourage users to write their 12 words on a sheet of paper as backup, and to keep anyone else from seeing it. As Positivo explains, however, storing one’s crypto as a list of 12 words is very obvious to hackers or thieves who come across the list.\nColors, by contrast, "are everywhere." A private key could be hidden in plain sight, and a thief wouldn’t be the wiser.\n“A paper with 12 words is more suspicious than a color palette labeled like \'my new home wall colors,\' for example, or inside a styles.css of your [website],” he said.\nThe colors generated by the tool are expressed as a hex color code, a six-digit system that represents virtually any color as some combination of red, blue, and green. These colors can be stored across “several files,” Positivo explained, including HTML, CSS, or the color palette of a PNG.\nUnlike the word-based system, one need not remember the “order” of the colors to recover one’s seed: all that matters is that all colors are present. The developer believes the flexibility of this storage method could make it more difficult for governments to seize someone\'s Bitcoin.\n“You can give one color to your mother, another inside your [website], another one written in a web design book... and in the future recover your seed from these agnostic colors,” he wrote.\nThe developer also providedinstructionsfor how to decode one’s BIP39 colors back into their mnemonic phrase with only a calculator, not requiring any external tool.', 'Forget lists of words and alphanumeric strings: a new Bitcoin tool lets you hide the key to your coins inside a rainbow.\nBitcoin developer Entero Positivo launched “BIP39Colors” last month, an open-sourcetoolthat can convert one’s BIP39 mnemonic phrase into a series of colors, and vice versa.\n“With this method, you can convert your 12-word phrase to 8 colors (or your 24-word phrase to 16 colors),” explained Positivo toDecryptvia DM. “Then you can convert your colors back to your original seed.”\nBIP39 is a standard for generating one’s seed phrase, an ordered set of 12 to 24 words that contains the information necessary to create a private key, which is used to create and access one’s Bitcoin wallet.\nThe standardization of mnemonic phrases was meant to make it easier for users to recover their crypto in case they lose their wallet device, converting their complex private key into a set of readable words.\nMostwallet providerstoday encourage users to write their 12 words on a sheet of paper as backup, and to keep anyone else from seeing it. As Positivo explains, however, storing one’s crypto as a list of 12 words is very obvious to hackers or thieves who come across the list.\nColors, by contrast, "are everywhere." A private key could be hidden in plain sight, and a thief wouldn’t be the wiser.\n“A paper with 12 words is more suspicious than a color palette labeled like \'my new home wall colors,\' for example, or inside a styles.css of your [website],” he said.\nThe colors generated by the tool are expressed as a hex color code, a six-digit system that represents virtually any color as some combination of red, blue, and green. These colors can be stored across “several files,” Positivo explained, including HTML, CSS, or the color palette of a PNG.\nUnlike the word-based system, one need not remember the “order” of the colors to recover one’s seed: all that matters is that all colors are present. The developer believes the flexibility of this storage method could make it more difficult for governments to seize someone\'s Bitcoin.\n“You can give one color to your mother, another inside your [website], another one written in a web design book... and in the future recover your seed from these agnostic colors,” he wrote.\nThe developer also providedinstructionsfor how to decode one’s BIP39 colors back into their mnemonic phrase with only a calculator, not requiring any external tool.', 'Bitcoin rose in Tuesday morning trading in Asia to hold above US$30,000, helped by U.K. bank Standard Chartered Plc predicting the token will reach US$120,000 by the end of 2024. Ether and most other top 10 non-stablecoin cryptocurrencies also moved higher, with Polygon’s Matic token spearheading the rally. U.S. equity futures also gained in the Asia time zone on Tuesday after Federal Reserve officials said the bank’s monetary tightening cycle is drawing to a close.\nBitcoin gained 0.79% over the last 24 hours to US$30,392 as of 07:40 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has recently fluctuated around the US$30,000 line but prices turned softer late last week on mixed signals about the likelihood of approval for Bitcoin spot exchange-traded funds. The token is still sitting on a weekly loss of 2.35%, according todatafrom CoinMarketCap.\nHowever, some optimism returned to Bitcoin’s pricing outlook after Standard Chartered bank predicted in a Monday report the token would reach US$50,000 by the end of 2023 and US$120,000 at the end of the following year, according toReuterson Tuesday.\nWithBitcoin’s next halving eventto take place next April, scarcer Bitcoin supply could drive up prices and in turn prompt miners to hoard the token, the Standard Chartered report said. “Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” according to the report.\nAnother plus for prices: cryptocurrency-linked investment products saw net inflows of US$136 million in the week ending July 7, marking the third consecutive week of inflows and fully correcting the prior nine weeks of outflows, according to European cryptocurrency investment firmCoinShareson Monday.\n“Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present,” wrote CoinShares in the report.\nEther rose 1.00% to US$1,880, but like Bitcoin it’s coming off softer prices and is still down 3.80% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Dogecoin and Solana’s SOL, which both dipped but the declines were within 0.5%.\nPolygon’s Matic led the winners, jumping 6.97% to US$0.7356 and adding 3.33% for the week. “Some positive on-chain signs for the 12th ranked market cap asset include rebounding network growth, decreasing supply on exchanges, and low profit taking,”saidcrypto data tracker Santiment in a tweet on early Tuesday, adding the token is on a “mini-run.”\nMatic’s recent run up comes as Polygon Labs unveiled itsPolygon 2.0roadmap on June 30, vowing to become the “Value Layer of the Internet” and on Fridayappointedthe firm’s former chief legal officer Marc Boiron as its new Chief Executive Officer.\nHowever, the token has had a rough ride in 2023, down about 2%, and has plenty of ground to make up on peers such as Solana, which has jumped 115% so far this year. Polkadot has gained 18% in the same period\nThe total crypto market capitalization moved up 0.81% in the past 24 hours to US$1.18 trillion, while trading volume surged 70.03% to US$33.54 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.20% in the 24 hours to 10:00 a.m. in Hong Kong to 2,745.16. Forkast’s Solana, Polygon and Cardano NFT market indices also fell, while Ethereum’s index rose.\nTotal NFT trading volume fell 9.41% to US$25.36 million, according to Cryptoslam data. The volume on the Ethereum blockchain dropped 2.39% to US$15.67 million, while Bitcoin volume fell 39.97% to US$4.22 million.\n“Primarily a red or even day across collections in regards to floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Traders seem to be out of liquidity and most are accepting the idea that the NFT market will continue to decline.”\nBy collection, trading volume in Ethereum-based Bored Ape Yacht Club (BAYC) NFT collection topped the list, edging up 2.96% to US$2.16 million, according to data fromCryptoSlam. The Bitcoin-based $FRAM BRC-20 NFTs and uncategorized Ordinals inscriptions ranked the second and the third.\nThe floor prices of BAYC and Mutant Ape Yacht Club edged higher in the past 24 hours, while Azuki and the Captainz moved around 1% lower. All four NFT collections have seen their floor prices slide 20% to 60% in the past month, according to data from NFT analytics platformWGMI.io.\nBlur Blend, the NFT lending platform of NFT marketplace Blur.io, started tosupportAzuki Elementals and Elemental Beans on Tuesday. The two NFT collections are spin-offs of Chiru Labs’ Azuki, which have beencriticizedby some holders for being too similar to the original Azuki collection.\n“Azuki Elementals and Elemental Beanz were both added to Blur’s Blend lending protocol, and both saw their prices decrease as traders sold possibly to exit farmed collections,” said Petscher. “Perhaps they sense fear of further floor price decreases with gamified trading.”\nU.S. stock futurestradedhigher as of 12:50 a.m. in Hong Kong, following on from gains in all three major U.S. indexes in regular Monday trading.\nU.S. equities received a boost from comments by several Federal Reserve officials on Monday, indicating that while more interest rate hikes are needed to curb inflation, the Fed’s monetary tightening cycle is drawing to an end, Reutersreportedon Tuesday.\n“My view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more information on how the economy is evolving,”saidCleveland Federal Reserve President Loretta J. Mester on Monday. The Fed was “closer to the end of our tightening phase than the beginning,” she added.\nMost main stock indexes across Asia benefited from the optimism on Wall Street, with China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall moving higher on Tuesday.\nHowever, Citigroup downgraded the outlook for U.S. stocks to neutral on Monday on expectations for a retreat in growth stocks and a recession in the fourth quarter of the year, according toReuterson Monday.\nThe U.S. consumer price index (CPI) for June comes out Wednesday, offering the latest insight into the pace of U.S. inflation. Financial giants including BlackRock, JPMorgan Chase, Wells Fargo and Citigroup are also set to report their second-quarter earnings this week.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which now sit between 5% and 5.25%, TheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase this month, and a 7.6% chance for the Fed to leave the rate unchanged.\nIn China, the People’s Bank of China and National Financial Regulatory Administration said in a jointstatementon Monday they would take measures to stabilize the country’s property industry, which include encouraging financial institutions to extend property firms’ outstanding loans through negotiations. The signal was welcomed by investors and drove up shares of property developers, according toBloombergon Tuesday.\n(Updates with equity section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above US$30,000, helped by U.K. bank Standard Chartered Plc predicting the token will reach US$120,000 by the end of 2024. Ether and most other top 10 non-stablecoin cryptocurrencies also moved higher, with Polygon\x92s Matic token spearheading the rally. U.S. equity futures also gained in the Asia time zone on Tuesday after Federal Reserve officials said the bank\x92s monetary tightening cycle is drawing to a close. Crypto Bitcoin gained 0.79% over the last 24 hours to US$30,392 as of 07:40 a.m. in Hong Kong. The world\x92s biggest cryptocurrency by market capitalization has recently fluctuated around the US$30,000 line but prices turned softer late last week on mixed signals about the likelihood of approval for Bitcoin spot exchange-traded funds. The token is still sitting on a weekly loss of 2.35%, according to data from CoinMarketCap. However, some optimism returned to Bitcoin\x92s pricing outlook after Standard Chartered bank predicted in a Monday report the token would reach US$50,000 by the end of 2023 and US$120,000 at the end of the following year, according to Reuters on Tuesday. With Bitcoin\x92s next halving event to take place next April, scarcer Bitcoin supply could drive up prices and in turn prompt miners to hoard the token, the Standard Chartered report said. \x93Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,\x94 according to the report. Another plus for prices: cryptocurrency-linked investment products saw net inflows of US$136 million in the week ending July 7, marking the third consecutive week of inflows and fully correcting the prior nine weeks of outflows, according to European cryptocurrency investment firm CoinShares on Monday. \x93Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present,\x94 wrote CoinShares in the report. Story continues Ether rose 1.00% to US$1,880, but like Bitcoin it\x92s coming off softer prices and is still down 3.80% for the week. Most other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Dogecoin and Solana\x92s SOL, which both dipped but the declines were within 0.5%. Polygon\x92s Matic led the winners, jumping 6.97% to US$0.7356 and adding 3.33% for the week. \x93Some positive on-chain signs for the 12th ranked market cap asset include rebounding network growth, decreasing supply on exchanges, and low profit taking,\x94 said crypto data tracker Santiment in a tweet on early Tuesday, adding the token is on a \x93mini-run.\x94 Matic\x92s recent run up comes as Polygon Labs unveiled its Polygon 2.0 roadmap on June 30, vowing to become the \x93Value Layer of the Internet\x94 and on Friday appointed the firm\x92s former chief legal officer Marc Boiron as its new Chief Executive Officer. However, the token has had a rough ride in 2023, down about 2%, and has plenty of ground to make up on peers such as Solana, which has jumped 115% so far this year. Polkadot has gained 18% in the same period The total crypto market capitalization moved up 0.81% in the past 24 hours to US$1.18 trillion, while trading volume surged 70.03% to US$33.54 billion. NFT volumes skid amid low floor prices The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dipped 0.20% in the 24 hours to 10:00 a.m. in Hong Kong to 2,745.16. Forkast\x92s Solana, Polygon and Cardano NFT market indices also fell, while Ethereum\x92s index rose. Total NFT trading volume fell 9.41% to US$25.36 million, according to Cryptoslam data. The volume on the Ethereum blockchain dropped 2.39% to US$15.67 million, while Bitcoin volume fell 39.97% to US$4.22 million. \x93Primarily a red or even day across collections in regards to floor prices,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93Traders seem to be out of liquidity and most are accepting the idea that the NFT market will continue to decline.\x94 By collection, trading volume in Ethereum-based Bored Ape Yacht Club (BAYC) NFT collection topped the list, edging up 2.96% to US$2.16 million, according to data from CryptoSlam . The Bitcoin-based $FRAM BRC-20 NFTs and uncategorized Ordinals inscriptions ranked the second and the third. The floor prices of BAYC and Mutant Ape Yacht Club edged higher in the past 24 hours, while Azuki and the Captainz moved around 1% lower. All four NFT collections have seen their floor prices slide 20% to 60% in the past month, according to data from NFT analytics platform WGMI.io . Blur Blend, the NFT lending platform of NFT marketplace Blur.io, started to support Azuki Elementals and Elemental Beans on Tuesday. The two NFT collections are spin-offs of Chiru Labs\x92 Azuki, which have been criticized by some holders for being too similar to the original Azuki collection. \x93Azuki Elementals and Elemental Beanz were both added to Blur\x92s Blend lending protocol, and both saw their prices decrease as traders sold possibly to exit farmed collections,\x94 said Petscher. \x93Perhaps they sense fear of further floor price decreases with gamified trading.\x94 An end to rate hikes? Image: Envato Elements U.S. stock futures traded higher as of 12:50 a.m. in Hong Kong, following on from gains in all three major U.S. indexes in regular Monday trading. U.S. equities received a boost from comments by several Federal Reserve officials on Monday, indicating that while more interest rate hikes are needed to curb inflation, the Fed\x92s monetary tightening cycle is drawing to an end, Reuters reported on Tuesday. \x93My view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more information on how the economy is evolving,\x94 said Cleveland Federal Reserve President Loretta J. Mester on Monday. The Fed was \x93closer to the end of our tightening phase than the beginning,\x94 she added. Most main stock indexes across Asia benefited from the optimism on Wall Street, with China\x92s Shanghai Composite , Hong Kong\x92s Hang Seng , South Korea\x92s Kospi and Japan\x92s Nikkei all moving higher on Tuesday. However, Citigroup downgraded the outlook for U.S. stocks to neutral on Monday on expectations for a retreat in growth stocks and a recession in the fourth quarter of the year, according to Reuters on Monday. The U.S. consumer price index (CPI) for June comes out Wednesday, offering the latest insight into the pace of U.S. inflation. Financial giants including BlackRock, JPMorgan Chase, Wells Fargo and Citigroup are also set to report their second-quarter earnings this week. The Federal Reserve will meet on July 26 to make its next move on interest rates, which now sit between 5% and 5.25%, The CME FedWatch Tool predicts a 92.4% chance for a 25-basis-point rate increase this month, and a 7.6% chance for the Fed to leave the rate unchanged. In China, the People\x92s Bank of China and National Financial Regulatory Administration said in a joint statement on Monday they would take measures to stabilize the country\x92s property industry, which include encouraging financial institutions to extend property firms\x92 outstanding loans through negotiations. The signal was welcomed by investors and drove up shares of property developers, according to Bloomberg on Tuesday. (Updates with equity section.)', 'Bitcoin rose in Tuesday morning trading in Asia to hold above US$30,000, helped by U.K. bank Standard Chartered Plc predicting the token will reach US$120,000 by the end of 2024. Ether and most other top 10 non-stablecoin cryptocurrencies also moved higher, with Polygon’s Matic token spearheading the rally. U.S. equity futures also gained in the Asia time zone on Tuesday after Federal Reserve officials said the bank’s monetary tightening cycle is drawing to a close.\nBitcoin gained 0.79% over the last 24 hours to US$30,392 as of 07:40 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has recently fluctuated around the US$30,000 line but prices turned softer late last week on mixed signals about the likelihood of approval for Bitcoin spot exchange-traded funds. The token is still sitting on a weekly loss of 2.35%, according todatafrom CoinMarketCap.\nHowever, some optimism returned to Bitcoin’s pricing outlook after Standard Chartered bank predicted in a Monday report the token would reach US$50,000 by the end of 2023 and US$120,000 at the end of the following year, according toReuterson Tuesday.\nWithBitcoin’s next halving eventto take place next April, scarcer Bitcoin supply could drive up prices and in turn prompt miners to hoard the token, the Standard Chartered report said. “Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” according to the report.\nAnother plus for prices: cryptocurrency-linked investment products saw net inflows of US$136 million in the week ending July 7, marking the third consecutive week of inflows and fully correcting the prior nine weeks of outflows, according to European cryptocurrency investment firmCoinShareson Monday.\n“Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present,” wrote CoinShares in the report.\nEther rose 1.00% to US$1,880, but like Bitcoin it’s coming off softer prices and is still down 3.80% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Dogecoin and Solana’s SOL, which both dipped but the declines were within 0.5%.\nPolygon’s Matic led the winners, jumping 6.97% to US$0.7356 and adding 3.33% for the week. “Some positive on-chain signs for the 12th ranked market cap asset include rebounding network growth, decreasing supply on exchanges, and low profit taking,”saidcrypto data tracker Santiment in a tweet on early Tuesday, adding the token is on a “mini-run.”\nMatic’s recent run up comes as Polygon Labs unveiled itsPolygon 2.0roadmap on June 30, vowing to become the “Value Layer of the Internet” and on Fridayappointedthe firm’s former chief legal officer Marc Boiron as its new Chief Executive Officer.\nHowever, the token has had a rough ride in 2023, down about 2%, and has plenty of ground to make up on peers such as Solana, which has jumped 115% so far this year. Polkadot has gained 18% in the same period\nThe total crypto market capitalization moved up 0.81% in the past 24 hours to US$1.18 trillion, while trading volume surged 70.03% to US$33.54 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.20% in the 24 hours to 10:00 a.m. in Hong Kong to 2,745.16. Forkast’s Solana, Polygon and Cardano NFT market indices also fell, while Ethereum’s index rose.\nTotal NFT trading volume fell 9.41% to US$25.36 million, according to Cryptoslam data. The volume on the Ethereum blockchain dropped 2.39% to US$15.67 million, while Bitcoin volume fell 39.97% to US$4.22 million.\n“Primarily a red or even day across collections in regards to floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Traders seem to be out of liquidity and most are accepting the idea that the NFT market will continue to decline.”\nBy collection, trading volume in Ethereum-based Bored Ape Yacht Club (BAYC) NFT collection topped the list, edging up 2.96% to US$2.16 million, according to data fromCryptoSlam. The Bitcoin-based $FRAM BRC-20 NFTs and uncategorized Ordinals inscriptions ranked the second and the third.\nThe floor prices of BAYC and Mutant Ape Yacht Club edged higher in the past 24 hours, while Azuki and the Captainz moved around 1% lower. All four NFT collections have seen their floor prices slide 20% to 60% in the past month, according to data from NFT analytics platformWGMI.io.\nBlur Blend, the NFT lending platform of NFT marketplace Blur.io, started tosupportAzuki Elementals and Elemental Beans on Tuesday. The two NFT collections are spin-offs of Chiru Labs’ Azuki, which have beencriticizedby some holders for being too similar to the original Azuki collection.\n“Azuki Elementals and Elemental Beanz were both added to Blur’s Blend lending protocol, and both saw their prices decrease as traders sold possibly to exit farmed collections,” said Petscher. “Perhaps they sense fear of further floor price decreases with gamified trading.”\nU.S. stock futurestradedhigher as of 12:50 a.m. in Hong Kong, following on from gains in all three major U.S. indexes in regular Monday trading.\nU.S. equities received a boost from comments by several Federal Reserve officials on Monday, indicating that while more interest rate hikes are needed to curb inflation, the Fed’s monetary tightening cycle is drawing to an end, Reutersreportedon Tuesday.\n“My view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more information on how the economy is evolving,”saidCleveland Federal Reserve President Loretta J. Mester on Monday. The Fed was “closer to the end of our tightening phase than the beginning,” she added.\nMost main stock indexes across Asia benefited from the optimism on Wall Street, with China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall moving higher on Tuesday.\nHowever, Citigroup downgraded the outlook for U.S. stocks to neutral on Monday on expectations for a retreat in growth stocks and a recession in the fourth quarter of the year, according toReuterson Monday.\nThe U.S. consumer price index (CPI) for June comes out Wednesday, offering the latest insight into the pace of U.S. inflation. Financial giants including BlackRock, JPMorgan Chase, Wells Fargo and Citigroup are also set to report their second-quarter earnings this week.\nThe Federal Reserve will meet on July 26 to make its next move on interest rates, which now sit between 5% and 5.25%, TheCME FedWatch Toolpredicts a 92.4% chance for a 25-basis-point rate increase this month, and a 7.6% chance for the Fed to leave the rate unchanged.\nIn China, the People’s Bank of China and National Financial Regulatory Administration said in a jointstatementon Monday they would take measures to stabilize the country’s property industry, which include encouraging financial institutions to extend property firms’ outstanding loans through negotiations. The signal was welcomed by investors and drove up shares of property developers, according toBloombergon Tuesday.\n(Updates with equity section.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show healthy signs of decentralization, even as it has liquidity issues.\nInsights:A lack of dollar liquidity means some weird things are happening on Binance.US.\nCoinDesk Market Index (CMI)\n1,277.65\n+8.6▲0.7%\nBitcoin (BTC)\n$30,366\n+212.6▲0.7%\nEthereum (ETH)\n$1,891\n+30.2▲1.6%\nS&P 500 daily close\n4,409.53\n+10.6▲0.2%\nGold\n$1,931\n+4.3▲0.2%\nTreasury Yield 10 Years\n4.01%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,277.65", "+8.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,366", "+212.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,891", "+30.2\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,409.53", "+10.6\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.3\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["4.01%", "\\u25bc0.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin\'s Decentralization is Alive and Well as it Maintains $30K Mark\nBitcoin is opening the Tuesday trading day in Asia at $30,366, maintaining a strong presence above $30K.\nWhile the trading volume and market movements have been fairly flat over the last few days,as the market continues its struggle with liquidity, bitcoin has recently passed a symbolic milestone.\nThe number of wallets holding at least one bitcoin has reached an all-time high of 1,008,737 million, according to data fromGlassnode.\nThis increased distribution of wallets with at least one bitcoin suggests increased decentralization of the network. Meanwhile,Glassnode’s datashows that the number of whales is also decreasing.\nThe number of wallets holding at least one bitcoin firstcrossed the million mark in Mayand has been rising since.\nAll this comes as the popularity of ordinals increases the load on the Bitcoin network.\nA number of metrics are showing increased activity, from anuptick in miners transferring coins to exchangesto the number of addresses with a balance greater than 0.1.\nBitcoin’s next big moves will likely come later this week as jobless claims and CPI data are released, both of which will indicate how successful the Fed’s moves at taming inflation are – data that traders zoom in on when making their next moves.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+8.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.8%", "DACS Sector": "Currency"}]\nBinance.US Has a Free Money Problem\nBinance.USwas always meant to be the fiat pipeline for U.S. nationals wanting to use Binance. But as of last month, it’s having trouble fulfilling that role as itsfiat pipelines are suspended.\nWith no fiat liquidity, this has put the exchange in a weird place. Bitcoin is trading at a discount of 9%, as is Tether (USDT); the world’s biggest dollar-pegged stablecoin is trading at a nearly 9-cent discount from other exchanges.\nThe exchange’s market depth or traders’ ability to execute large orders at stable prices has also deteriorated significantly in recent months, aiding wild price action.\nData from research group Kaiko shows that market depth has collapsed onBinance.US, with an over 60% drop in liquidity available on the platform in June.\nAdrian Wang, founder, and CEO at digital assets wealth management firm Metalpha, points to the looming withdrawal deadline of July 20 as a reason for the depegging.\n“As the days approach this deadline, lesser liquidity and lesser banks to exchange fiat means that we may see this de-peg continue,” he told CoinDesk.\nAn easy trade right now is to buy USDT at a discount onBinance.USand move it elsewhere to trade with. But it just can’t involve fiat ramps – the bread and butter of most ofBinance.US’ users.\n“I think there might be some arbitrage opportunities for institutions or market makers, but retail traders wouldn’t likely have the risk tolerance or understanding,” Nick Ruck, COO of DeFi protocol ContentFi Labs said to CoinDesk in a note.\nCertainly, many have been doing this to enjoy free money; in the last week the exchange has had a netflow of negative $16.2 million, according toNansen.aidata.\nAlthough some have saidsuch a trade is not worth the risk.\nBut the question is, why hasn’t this resolved itself? Why hasn’t it either brought down Tether’s overall value, or pushed back up the value of USDT onBinance.US?\n“Compared with the total circulation of USDT, the selling volume is not enough to affect the overall market price in the end,” Tony Ling, co-founder of data portal NFTGo, and a partner at Bizantine Capital, told CoinDesk. “There have been more serious price deviations before, and nothing happened in the end.”\nFor now, enjoy the free money.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):National Australia Bank Business Confidence/Business Conditions reports (June)\n9 p.m. HKT/SGT(1 p.m. UTC):St. Louis Federal Reserve CEO and President James Bullard speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC Files Response to Coinbase; Legal Expert Addresses Gemini\'s Lawsuit Against DCG\nThe SEC argued in a new filing last Friday that Coinbase acknowledged the possibility that federal securities laws would apply to its listings years ago. Hodder Law Firm Managing Partner Sasha Hodder weighed in on Gemini suing Digital Currency Group. DCG owns Genesis and CoinDesk. Opimas LLC CEO Octavio Marenzi shared his crypto markets analysis. And, Shardeum chief growth officer Kelsey McGuire discussed the Layer 1 blockchain\'s latest funding round.\nApple May Not Like It, but ‘Zapple Pay’ Finds Workaround for Bitcoin Tipping on Damus:The new third-party payment service claims to be independent of the Damus iPhone app that Apple has tried to restrict, and lets users tip one another on any app that runs on the Nostr protocol.\nCrypto Startup Arkham Has Apparently Been Doxxing Users for Months:The company had already angered the crypto community Monday with a service that unmasks anonymous crypto users. Then came allegations it used an easy-to-decipher method for hiding customers’ email addresses.\nGrayscale Bitcoin Trust Discount Narrows to Lowest Since May 2022:Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.\nWhat Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities:Crypto protocols are often multi-billion dollar bug bounties, for better or worse.\nCoinDesk Market Index Q2 Review: Quiet Appreciation, Regulatory Uncertainty:On the positive side, the SEC started approving crypto ETF products, buoying markets for bitcoin and ether. On the other: major crypto exchanges were sued by regulators, increasing regulatory uncertainty around the sector.\nDisclaimer: This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continues to show healthy signs of decentralization, even as it has liquidity issues.\nInsights:A lack of dollar liquidity means some weird things are happening on Binance.US.\nCoinDesk Market Index (CMI)\n1,277.65\n+8.6▲0.7%\nBitcoin (BTC)\n$30,366\n+212.6▲0.7%\nEthereum (ETH)\n$1,891\n+30.2▲1.6%\nS&P 500 daily close\n4,409.53\n+10.6▲0.2%\nGold\n$1,931\n+4.3▲0.2%\nTreasury Yield 10 Years\n4.01%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\n[["1,277.65", "+8.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,366", "+212.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,891", "+30.2\\u25b21.6%"], {"CoinDesk Market Index (CMI)": "S&P 500 daily close"}, ["4,409.53", "+10.6\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,931", "+4.3\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Treasury Yield 10 Years"}, ["4.01%", "\\u25bc0.0"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET"}]\nBitcoin\'s Decentralization is Alive and Well as it Maintains $30K Mark\nBitcoin is opening the Tuesday trading day in Asia at $30,366, maintaining a strong presence above $30K.\nWhile the trading volume and market movements have been fairly flat over the last few days,as the market continues its struggle with liquidity, bitcoin has recently passed a symbolic milestone.\nThe number of wallets holding at least one bitcoin has reached an all-time high of 1,008,737 million, according to data fromGlassnode.\nThis increased distribution of wallets with at least one bitcoin suggests increased decentralization of the network. Meanwhile,Glassnode’s datashows that the number of whales is also decreasing.\nThe number of wallets holding at least one bitcoin firstcrossed the million mark in Mayand has been rising since.\nAll this comes as the popularity of ordinals increases the load on the Bitcoin network.\nA number of metrics are showing increased activity, from anuptick in miners transferring coins to exchangesto the number of addresses with a balance greater than 0.1.\nBitcoin’s next big moves will likely come later this week as jobless claims and CPI data are released, both of which will indicate how successful the Fed’s moves at taming inflation are – data that traders zoom in on when making their next moves.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+8.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.3%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+3.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22120.8%", "DACS Sector": "Currency"}]\nBinance.US Has a Free Money Problem\nBinance.USwas always meant to be the fiat pipeline for U.S. nationals wanting to use Binance. But as of last month, it’s having trouble fulfilling that role as itsfiat pipelines are suspended.\nWith no fiat liquidity, this has put the exchange in a weird place. Bitcoin is trading at a discount of 9%, as is Tether (USDT); the world’s biggest dollar-pegged stablecoin is trading at a nearly 9-cent discount from other Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $592,852,204,875 - Hash Rate: 339880937.9497796 - Transaction Count: 432293.0 - Unique Addresses: 686922.0 Social & AI Sentiment: - Fear & Greed Index: 0.57 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Halfway through 2023, the crypto industry isslowly recovering from the bruisesand losses it suffered last year and regaining ground. A very long crypto winter, collapses, millions of dollars lost and, of course, the whole FTX debacle have instilled caution and a loss in confidence in the space for many investors. I’m a Self-Made Millionaire:These Are the 6 Investments Everyone Should Make During an Economic DownturnCheck Out:3 Things You Must Do When Your Savings Reach $50,000 Yet, several experts argue that despite the beating the industry took,there are some winners that have either emerged or become even more prominent. Meanwhile, they caution about certain pockets or practices in the industry that can still prove detrimental to investors. “Obviously the headlines have focused on the daisy chain of collapses that impacted a large number of the centralized players in the crypto industry over the last year, notably Celsius, Voyager and FTX,” said Nihar Neelakanti, CEO and co-founder ofEcosapiens. “But I think a somewhat overlooked story in our industry has been how durable the crypto industry has been amid this ongoing banking crisis.” Bitcoin’s value proposition, he said, has been reinforced in a profound way to a good many people and organizations that otherwise likely would not have considered it to be an investment hedge to systemic financial issues. Neelakanti explained that Bitcoin of course was born in the flames of the Great Financial Crisis; but, until recently, a lot of investors viewed it as a niche plaything for the tech world. “No longer,” he said. The asset has regained some attention partly because of the recent turmoil in the traditional banking system and the ensuing collapses of several banks. Take Our Poll:Who Has Given You the Best Money Advice You Have Ever Received? “I personally know several people who allocated a portion of their own funds to Bitcoin when Silicon Valley Bank collapse happened,” he said, adding that the banking crisis shook their understanding of the stability of our financial system. In turn, they sought out Bitcoin because it serves as an insurance policy for these kinds of crises. “Bitcoin is the ultimate bearer asset — or, I should say, the opposite of a bank deposit in that you can hold Bitcoin in your digital wallet as you would cash in your physical wallet,” he added. “It’s decentralized, meaning that it’s highly secure. It makes sense, in this context, that Bitcoin has performed relatively well since the banking crisis kicked off. So, in a sense, those who now use Bitcoin as a hedge have scored a win when it comes to both investing and indeed securing their own funds.” Bitcoin was around $28,000 on May 30, up a whopping 68.8% year to date, according to MarketWatch data. Other events are also buoying the asset, notably the recent news of a potential debt ceiling deal. Sam North, market analyst ateToro, noted on May 30 that Bitcoin has surged to a two-week high on the back of a potential deal struck by Republicans and Democrats to avoid a U.S. debt ceiling default. “Having traded below or around $27,000 for the past two weeks, Bitcoin surged early this week to close to $28,000 as investors bought the news of a potential deal to avoid default disaster,” he said. “The crypto asset is still below recent levels, however, as markets continue to tread carefully.” North noted that Ether similarly saw a price surge, having traded around $1,800 for three weeks and rising to just shy of $1,900 following the debt ceiling news. The asset was up a notable 60% year to date, according to MarketWatch data. Anthony Georgiades, co-founder ofPastel Network, said the biggest winners are those who have invested in building out incredibly powerful crypto protocols. “Indeed,” he said, “it’s the builders who have invested their time and hard work in this industry amid the turbulence and, in turn, who are helping to secure the longer term and powerful vision of the digital asset industry.” He specifically pointed at Ethereum and the massive improvements made to the chain that have taken place over the last several months, notably transitioning Ethereum from proof of work to proof of stake, which, he said, was a huge accomplishment not only in technical terms but also the long-term viability of the chain itself. “And when coupled with Ethereum’s Shanghai upgrade, which added tremendous amounts of utility in terms of staking, the chain became a long-term investment not only for crypto-native users but also for bigger institutions that want to get exposure to this ecosystem,” he added. “Those upgrades were huge wins for our industry, propelling us forward at a time of great economic turbulence and regulatory uncertainty, and it’s exciting to see!” Meme coins had a huge moment in the sun, peddled by celebrities on social media and enabling many investors to make a quick buck. But, with the numerous scandals and enormous losses that marred the crypto space last year, caution is now the guiding light for many investors. What’s more, meme coins themselves have seen their reputation tarnished due to the rise of rug pulls, a scam in which developers build what appear to be legitimate crypto projects before taking investors’ money and disappearing. Just recently, a new meme coin hit the market in late April: Pepe saw an explosive surge, reaching a market cap of $1.6 billion at one point, according to CoinMarketCap — although on May 30 its market cap was down to $576,125,504. The surge has prompted some to say a new meme coin season is upon us, which caused other meme coins “to go on spectacular pumps and just as astounding dumps,” CoinMarketCap noted. “For every tale of rags to riches, there’s a horror story lurking in the shadows,” saidSmartblockschief revenue and marketing officer Mark Fidelman, who added this is where meme coins like Pepe come into play. “Listen, I get it: The idea of investing in something that’s a bit tongue in cheek, a bit fun, it’s tempting,” he said. “But let me be clear: These are not a safe bet. It’s like playing the lottery, except your odds are probably worse. There’s no real value, no solid backing to these coins, and the market is ripe for manipulation. “Don’t get me wrong: Some folks have made a quick buck, but countless others have lost their shirts. So, if you’re thinking about dabbling in meme coins, just remember: It’s a gamble, not an investment.” In the end, experts agree that venturing into the world of cryptocurrencies can be a thrilling and potentially highly rewarding endeavor, if you do it the “right” way. “By approaching your investments with a serious and well-informed mindset, drawing wisdom from noteworthy wins and losses and prioritizing long-term thinking, you can confidently navigate the complexities of crypto investments,” said Mikkel Morch, chairman and non-executive director atARK36. “Embrace the power of knowledge, strategically diversify your portfolio, safeguard against scams and actively engage with the crypto community. Remember, success in this realm requires continuous learning, adaptability and a steadfast commitment to your investment strategy.” More From GOBankingRates • Houses in These Cities Are Suddenly Bargains • See GOBankingRates' Top 100 Most Influential Money Experts and Vote for Your Favorite • 3 Things You Must Do When Your Savings Reach $50,000 • 48 Easy Things You Can Do To Live Better and Save Money This article originally appeared onGOBankingRates.com:Crypto’s Biggest Winners and Losers Halfway Through 2023, According to Experts... - Reddit Posts (Sample): [['u/thebestbaghodlr', 'ELI5: Why would the halving affect prices at all this time?', 65, '2023-07-11 06:43', 'https://www.reddit.com/r/CryptoCurrency/comments/14wh1h0/eli5_why_would_the_halving_affect_prices_at_all/', 'Since we can\'t seem to talk about anything else here anymore I might as well dive deeper into the halving. I have two reasons why I personally think it won\'t affect prices but I\'m open to people correcting me. \n\n1. With 93% of BTC already mined, why does it matter how long the remaining 7% takes to mine? I can understand the effects of halvings early on were massive, new BTC was bountiful and suddenly new supplies were sliced significantly. But almost all of the mining is already done. This is the area I welcome some education on, if I\'m overlooking some core concept here. \n\n\n2. The one I feel is more important: everyone expects it to pump after the halving, so this is already priced in. If anything it feels like there will be a large "sell the news" scenario. To be clear I feel BTC is largely undervalued and should be standing higher than it currently is but I don\'t feel like the halving is the catalyst for this to occur', 'https://www.reddit.com/r/CryptoCurrency/comments/14wh1h0/eli5_why_would_the_halving_affect_prices_at_all/', '14wh1h0', [['u/emptyzed81', 10, '2023-07-11 10:12', 'https://www.reddit.com/r/CryptoCurrency/comments/14wh1h0/eli5_why_would_the_halving_affect_prices_at_all/jrif6kl/', '30k for 1digital string of numbers and letters is a lot if ya think about it🤣', '14wh1h0']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: What\'s going to move bitcoin away from $30,000? Insights: A freely convertible Chinese Yuan is a requirement for a CNY stablecoin. That\'s not going to happen anytime soon. Prices CoinDesk Market Index (CMI) 1,245 +4.0 ▲ 0.3% Bitcoin (BTC) $30,608 +202.5 ▲ 0.7% Ethereum (ETH) $1,878 −0.7 ▼ 0.0% S&P 500 4,439.26 +29.7 ▲ 0.7% Gold $1,939 +13.6 ▲ 0.7% Nikkei 225 32,203.57 +13.8 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,245 +4.0 ▲ 0.3% Bitcoin (BTC) $30,608 +202.5 ▲ 0.7% Ethereum (ETH) $1,878 −0.7 ▼ 0.0% S&P 500 4,439.26 +29.7 ▲ 0.7% Gold $1,939 +13.6 ▲ 0.7% Nikkei 225 32,203.57 +13.8 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is Looking at a 2024 Bull Market, But is $120,000 Realistic? As Asia opens for its trading day, bitcoin continues to maintain the $30,000 mark, while ether is flat. Coinglass data shows that in the last 12 hours, slightly more long liquidations than short liquidations occurred with $7 million longs and $6.73 million shorts liquidated. “The market is on standby, awaiting signals of price increase following a slowdown or pause in rate hikes in the second half of the year, which would be characterized by liquidity inflow,” Bybit’s Ether Chen, its lead financial engineer, told CoinDesk in a note. Chen said that Bybit’s team expects a potential market price recovery in the fourth quarter, but a full bull market might not materialize until 2024. This recovery would be contingent upon the cessation of rate hikes, BTC halving and the resolution of regulatory storms. Tim Frost, CEO of digital wealth platform Yield App points to slowing inflation figures but a market confidence that the Federal Reserve will still hike rates as sort of a mixed messaging, and dismisses a recent report from Standard Chartered that bitcoin will hit $120,000 by the end of next year. Story continues “For crypto assets, this all likely means continued range trading around current levels. Bitcoin seems to be holding fairly close to $30,000 at the moment which is a near 100% increase from January when it started the year at $16,540,” he said in a note. “There are few assets that perform this well in a "bear" market, and canny seasoned traders will likely have done well on BTC this year.” Regardless of whether or not Standard Chartered’s price prediction is correct, Frost sees a bull market on the horizon for 2024. “The long-range consensus remains that crypto will enter its next bull market in 2024 following a period of continued consolidation this year and, behind closed doors, huge innovation is paving the way for the next wave of crypto adoption,” he concludes. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +3.7% Smart Contract Platform Decentraland MANA +2.3% Entertainment Cardano ADA +1.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −1.2% Smart Contract Platform Avalanche AVAX −0.9% Smart Contract Platform Cosmos ATOM −0.4% Smart Contract Platform Insights Here\'s Why we Won\'t See a CNY Stablecoin Circle’s CEO Jeremy Allaire argues that a stablecoin pegged to the Chinese Yuan (CNY) is a better option than a Central Bank Digital Currency (CBDC). But a yuan stablecoin isn’t going to happen, just like a Chinese CBDC isn’t going to challenge the dollar. Why? Because the free convertibility of the yuan goes against a core fundamental of Beijing’s monetary policy. The People’s Bank of China (PBoC) maintains strict control over the exchange rate of the yuan, keeping it within a narrow band and not allowing it to float freely in international markets. This allows China to maintain control over its export prices and its domestic economy. But it also means that the yuan can’t be used offshore, like the Euro or the USD, and there are strict capital controls on how much you can bring out of the country. The more you want your currency used internationally, the more control you need to be willing to cede. As the IMF’s First Deputy Managing Director Gita Gopinath pointed out in a 2022 address, these aren’t the traits of a global currency. After all, the yuan is only used in around 3.2% of global payments as of January 2022. "If a country is aspiring to be a global currency, then in that case, you would need to have, you know, basically fully and freely mobile capital, full capital account liberalization, full convertibility of exchange rate, which is not the case right now in China," Gopinath is quoted as saying . Currency manipulation has been a contentious issue in U.S.-China relations, and, in 2019, the U.S. Department of the Treasury labeled the country a currency manipulator . But you know who else has been on the radar of Washington as a currency manipulator? Taiwan. Unlike China, Taiwan does not actively intervene to keep its currency, the New Taiwan Dollar (TWD), artificially low to boost exports. Instead, Taiwan has been known to intervene to prevent rapid appreciation of its currency which could harm its export-driven economy. This has been an issue since 1989, when the U.S. Senate subcommittee on international trade called a hearing on currency manipulation . David Mulford, the then Under Secretary-Designate, Office of International Affairs, Department of the Treasury, noted the large-scale intervention in the foreign exchange market by Taiwan\'s Central Bank, and a lack of significant exchange rate appreciation despite Taiwan running large external surpluses. For its part, Taipei denies that it\'s an active currency manipulator or has capital controls pointing to the openness of foreign investment in its equities market and the free convertibility of foreign currency on its shores. But if there’s one thing that unites Taipei and Beijing, its that central bankers in neither capital want to relinquish control of their currencies to the market. Important events. 1 p.m. HKT/SGT(UTC): Bank of England Financial Stability Report 8:30 p.m. HKT/SGT(12:30 p.m. UTC): U.S. Consumer Price Index (June/MoM/YoY) 7:50 a.m. HKT/SGT(23:50 p.m. UTC/July 11): Japan Producer Price Index CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Justin Sun on State of Crypto Regulation; EU\'s Metaverse Strategy TRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the state of crypto regulation, outlook on Hong Kong, and much more. Bitcoin (BTC) is holding firm above $30,000. GSR Markets co-founder and president Rich Rosenblum gave his crypto markets analysis. And, the European Commission\'s metaverse strategy is slated to be released later today. Metaverse EU editor Patrick Grady shared his expectations. Headlines Bitcoin Quiets Down in July After a Tumultuous First Half of 2023: While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month. BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level: An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address. Ether Staking Ratio Nears Key Milestone as Inflows Slow Amid Regulatory Pressures: Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data. Why Threads Got 100 Million Users When Other Twitter Rivals Could Not: Network effects and ease-of-use rule the day. And, a lot of people clearly don’t care about decentralization and privacy all that much, says CoinDesk’s Emily Parker. The Big Robert F. Kennedy Jr. Bitcoin Nothingburger: The candidate isn’t necessarily biased just because he owns BTC.', 'Good morning. Here’s what’s happening:\nPrices:What\'s going to move bitcoin away from $30,000?\nInsights:A freely convertible Chinese Yuan is a requirement for a CNY stablecoin. That\'s not going to happen anytime soon.\nCoinDesk Market Index (CMI)\n1,245\n+4.0▲0.3%\nBitcoin (BTC)\n$30,608\n+202.5▲0.7%\nEthereum (ETH)\n$1,878\n−0.7▼0.0%\nS&P 500\n4,439.26\n+29.7▲0.7%\nGold\n$1,939\n+13.6▲0.7%\nNikkei 225\n32,203.57\n+13.8▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,245", "+4.0\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,608", "+202.5\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,878", "\\u22120.7\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,439.26", "+29.7\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,939", "+13.6\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,203.57", "+13.8\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin is Looking at a 2024 Bull Market, But is $120,000 Realistic?\nAs Asia opens for its trading day, bitcoin continues to maintain the $30,000 mark, while ether is flat.Coinglass datashows that in the last 12 hours, slightly more long liquidations than short liquidations occurred with $7 million longs and $6.73 million shorts liquidated.\n“The market is on standby, awaiting signals of price increase following a slowdown or pause in rate hikes in the second half of the year, which would be characterized by liquidity inflow,” Bybit’s Ether Chen, its lead financial engineer, told CoinDesk in a note.\nChen said that Bybit’s team expects a potential market price recovery in the fourth quarter, but a full bull market might not materialize until 2024. This recovery would be contingent upon the cessation of rate hikes, BTC halving and the resolution of regulatory storms.\nTim Frost, CEO of digital wealth platform Yield App points to slowing inflation figures but a market confidence that the Federal Reserve will still hike rates as sort of a mixed messaging, and dismisses arecent report from Standard Charteredthat bitcoin will hit $120,000 by the end of next year.\n“For crypto assets, this all likely means continued range trading around current levels. Bitcoin seems to be holding fairly close to $30,000 at the moment which is a near 100% increase from January when it started the year at $16,540,” he said in a note. “There are few assets that perform this well in a "bear" market, and canny seasoned traders will likely have done well on BTC this year.”\nRegardless of whether or not Standard Chartered’s price prediction is correct, Frost sees a bull market on the horizon for 2024.\n“The long-range consensus remains that crypto will enter its next bull market in 2024 following a period of continued consolidation this year and, behind closed doors, huge innovation is paving the way for the next wave of crypto adoption,” he concludes.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+2.3%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22121.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}]\nHere\'s Why we Won\'t See a CNY Stablecoin\nCircle’s CEO Jeremy Allaire argues that a stablecoin pegged to the Chinese Yuan (CNY)is a better optionthan a Central Bank Digital Currency (CBDC).\nBut a yuan stablecoin isn’t going to happen, just like a Chinese CBDC isn’t going to challenge the dollar.\nWhy? Because the free convertibility of the yuan goes against a core fundamental of Beijing’s monetary policy.\nThe People’s Bank of China (PBoC)maintains strict controlover the exchange rate of the yuan, keeping it within a narrow band and not allowing it to float freely in international markets. This allows China to maintain control over its export prices and its domestic economy. But it also means that the yuan can’t be used offshore, like the Euro or the USD, and there arestrict capital controlson how much you can bring out of the country.\nThe more you want your currency used internationally, the more control you need to be willing to cede.\nAs the IMF’s First Deputy Managing Director Gita Gopinath pointed out in a 2022 address, these aren’t the traits of a global currency. After all, the yuan isonly used in around 3.2% of global paymentsas of January 2022.\n"If a country is aspiring to be a global currency, then in that case, you would need to have, you know, basically fully and freely mobile capital, full capital account liberalization, full convertibility of exchange rate, which is not the case right now in China," Gopinath isquoted as saying.\nCurrency manipulation has been a contentious issue in U.S.-China relations, and, in 2019, the U.S. Department of the Treasurylabeled the country a currency manipulator.\nBut you know who else has been on the radar of Washington as a currency manipulator? Taiwan.\nUnlike China, Taiwan does not actively intervene to keep its currency, the New Taiwan Dollar (TWD), artificially low to boost exports. Instead, Taiwan has beenknown to interveneto prevent rapid appreciation of its currency which could harm its export-driven economy.\nThis has been an issue since 1989, when the U.S. Senate subcommittee on international tradecalled a hearing on currency manipulation.\nDavid Mulford, the then Under Secretary-Designate, Office of International Affairs, Department of the Treasury, noted the large-scale intervention in the foreign exchange market by Taiwan\'s Central Bank, and a lack of significant exchange rate appreciation despite Taiwan running large external surpluses.\nFor its part, Taipei denies that it\'s an active currency manipulator or has capital controls pointing to the openness of foreign investment in its equities market and thefree convertibility of foreign currencyon its shores.\nBut if there’s one thing that unites Taipei and Beijing, its that central bankers in neither capital want to relinquish control of their currencies to the market.\n1 p.m. HKT/SGT(UTC):Bank of England Financial Stability Report\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. Consumer Price Index (June/MoM/YoY)\n7:50 a.m. HKT/SGT(23:50 p.m. UTC/July 11):Japan Producer Price Index\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nJustin Sun on State of Crypto Regulation; EU\'s Metaverse Strategy\nTRON founder and Huobi global advisor Justin Sun joined "First Mover" to discuss the state of crypto regulation, outlook on Hong Kong, and much more. Bitcoin (BTC) is holding firm above $30,000. GSR Markets co-founder and president Rich Rosenblum gave his crypto markets analysis. And, the European Commission\'s metaverse strategy is slated to be released later today. Metaverse EU editor Patrick Grady shared his expectations.\nBitcoin Quiets Down in July After a Tumultuous First Half of 2023:While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.\nBlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level:An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.\nEther Staking Ratio Nears Key Milestone as Inflows Slow Amid Regulatory Pressures:Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.\nWhy Threads Got 100 Million Users When Other Twitter Rivals Could Not:Network effects and ease-of-use rule the day. And, a lot of people clearly don’t care about decentralization and privacy all that much, says CoinDesk’s Emily Parker.\nThe Big Robert F. Kennedy Jr. Bitcoin Nothingburger:The candidate isn’t necessarily biased just because he owns BTC.', 'Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered\x92s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana\x92s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data. Crypto Bitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according to data from CoinMarketCap. Crypto investor optimism continues after Standard Chartered Bank\x92s Bitcoin projection on Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024. \x93While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,\x94 said Bradley Duke, founder and chief strategy officer of crypto ETP provider ETC Group . \x93The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,\x94 Duke said. \x93With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it\x92s logical that the price of Bitcoin responds in a proportionate manner,\x94 Duke added. Elsewhere, the Chicago Board Options Exchange (Cboe) on Tuesday filed several amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter\x92s share price to surge 9.78% on Tuesday. Other factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fund AltTab Capital .\xa0 He noted that next year will be the Bitcoin \x93halving\x94 event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity. Story continues \x93As scarcity increases and demand grows, assets generally rise in price,\x94 Moritz said. \x93We\x92ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it\x92s because they too see the potential for strong growth,\x94 he added. Meanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week. Most other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%. Solana\x92s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data tracker DefiLlama . \x93SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,\x94 said Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market-maker Keyrock . Elsewhere, blockchain analytics firm Lookonchain reported on Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to the Arkham (ARKM) token sale , which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event. The total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion. BAYC continues slide The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index fell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast\x92s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano\x92s index rose. Parallel Avatars , an Ethereum-based NFT collection for Web3 sci-fi game Parallel , was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data from CryptoSlam . Station3 Patron , another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500. \x93(The collection ) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Sales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection\x92s floor price has dropped by 24% over the past 30 days, according to NFT analytics platform WGMI.io . Given the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data from CoinGecko . \x93There\x92s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week\x92s recovery was short-lived,\x94 said Petscher in a Wednesday commentary . \x93The end of Blur\x92s season two rewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.\x94 Elsewhere, Japanese gaming giant Sega Corporation on Monday announced a partnership with Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega\x92s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega was reported to be winding down its Web3 gaming businesses. US equities rise ahead of CPI data release Image: Envato Elements U.S. stock futures traded flat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading. Investors are waiting for Wednesday\x92s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country\x92s inflation situation and the Federal Reserve\x92s future monetary policies. Several Fed officials said on Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed\x92s monetary tightening cycle is in sight. Analysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to a Bloomberg report published Monday. The Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. The CME FedWatch Tool predicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged. Meanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season. Elsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China\x92s Shanghai Composite and Japan\x92s Nikkei edged lower, while Hong Kong\x92s Hang Seng and South Korea\x92s Kospi traded higher. The People\x92s Bank of China on Tuesday reported an acceleration in the country\x92s new loans for June. That raised hope that the economy\x92s growth will speed up in the second half of the year. (Updates with equity section.)', 'Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered’s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana’s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data.\nBitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according todatafrom CoinMarketCap.\nCrypto investor optimism continues after Standard Chartered Bank’s Bitcoinprojectionon Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024.\n“While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,” said Bradley Duke, founder and chief strategy officer of crypto ETP providerETC Group.\n“The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,” Duke said.\n“With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it’s logical that the price of Bitcoin responds in a proportionate manner,” Duke added.\nElsewhere, the Chicago Board Options Exchange (Cboe) on Tuesdayfiledseveral amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter’s share price to surge 9.78% on Tuesday.\nOther factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fundAltTab Capital.\xa0 He noted that next year will be the Bitcoin “halving” event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity.\n“As scarcity increases and demand grows, assets generally rise in price,” Moritz said. “We’ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it’s because they too see the potential for strong growth,” he added.\nMeanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%.\nSolana’s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data trackerDefiLlama.\n“SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\nElsewhere, blockchain analytics firm Lookonchainreportedon Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to theArkham (ARKM) token sale, which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event.\nThe total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast’s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano’s index rose.\nParallel Avatars, an Ethereum-based NFT collection for Web3 sci-fi gameParallel, was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data fromCryptoSlam.\nStation3 Patron, another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500.\n“(Thecollection) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nSales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection’s floor price has dropped by 24% over the past 30 days, according to NFT analytics platformWGMI.io.\nGiven the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data fromCoinGecko.\n“There’s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week’s recovery was short-lived,” said Petscher in a Wednesdaycommentary. “The end of Blur’sseason tworewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.”\nElsewhere, Japanese gaming giantSegaCorporation on Monday announced apartnershipwith Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega’s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega wasreportedto be winding down its Web3 gaming businesses.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading.\nInvestors are waiting for Wednesday’s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country’s inflation situation and the Federal Reserve’s future monetary policies.\nSeveral Fed officialssaidon Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed’s monetary tightening cycle is in sight.\nAnalysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to aBloombergreport published Monday.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nMeanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season.\nElsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China’sShanghai Compositeand Japan’sNikkeiedged lower, while Hong Kong’sHang Sengand South Korea’sKospitraded higher.\nThe People’s Bank of China on Tuesdayreportedan acceleration in the country’s new loans for June. That raisedhopethat the economy’s growth will speed up in the second half of the year.\n(Updates with equity section.)', 'Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered’s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana’s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data.\nBitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according todatafrom CoinMarketCap.\nCrypto investor optimism continues after Standard Chartered Bank’s Bitcoinprojectionon Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024.\n“While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,” said Bradley Duke, founder and chief strategy officer of crypto ETP providerETC Group.\n“The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,” Duke said.\n“With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it’s logical that the price of Bitcoin responds in a proportionate manner,” Duke added.\nElsewhere, the Chicago Board Options Exchange (Cboe) on Tuesdayfiledseveral amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter’s share price to surge 9.78% on Tuesday.\nOther factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fundAltTab Capital.\xa0 He noted that next year will be the Bitcoin “halving” event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity.\n“As scarcity increases and demand grows, assets generally rise in price,” Moritz said. “We’ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it’s because they too see the potential for strong growth,” he added.\nMeanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%.\nSolana’s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data trackerDefiLlama.\n“SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock.\nElsewhere, blockchain analytics firm Lookonchainreportedon Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to theArkham (ARKM) token sale, which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event.\nThe total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexfell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast’s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano’s index rose.\nParallel Avatars, an Ethereum-based NFT collection for Web3 sci-fi gameParallel, was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data fromCryptoSlam.\nStation3 Patron, another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500.\n“(Thecollection) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nSales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection’s floor price has dropped by 24% over the past 30 days, according to NFT analytics platformWGMI.io.\nGiven the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data fromCoinGecko.\n“There’s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week’s recovery was short-lived,” said Petscher in a Wednesdaycommentary. “The end of Blur’sseason tworewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.”\nElsewhere, Japanese gaming giantSegaCorporation on Monday announced apartnershipwith Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega’s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega wasreportedto be winding down its Web3 gaming businesses.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading.\nInvestors are waiting for Wednesday’s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country’s inflation situation and the Federal Reserve’s future monetary policies.\nSeveral Fed officialssaidon Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed’s monetary tightening cycle is in sight.\nAnalysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to aBloombergreport published Monday.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nMeanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season.\nElsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China’sShanghai Compositeand Japan’sNikkeiedged lower, while Hong Kong’sHang Sengand South Korea’sKospitraded higher.\nThe People’s Bank of China on Tuesdayreportedan acceleration in the country’s new loans for June. That raisedhopethat the economy’s growth will speed up in the second half of the year.\n(Updates with equity section.)', 'The next-gen MPC-based decentralized trading platform UXUY is dedicated to breaking down ecosystem barriers through trading, supporting emerging assets equally, and following every round of innovation... SINGAPORE / ACCESSWIRE / July 11, 2023 / Decentralized trading platform UXUY has expressed concerns over the fragmented nature of the current blockchain industry and the difficulties in cross-chain transactions. UXUY believes that every ecosystem should be harmonious and interactive, and the technologies of each community should be open sourced and shared. UXUY firmly believes that emerging assets should be treated with equity. In a decentralized world, there should be no discrimination, and every round of innovation deserves respect. On July 10th, UXUY published the "UXUY Crypto Equity Manifesto" on their official blog and Nostr , advocating equity within the crypto ecosystem. UXUY Crypto Equity Mainfesto UXUY Crypto Equity Manifesto As competition intensifies in the cryptocurrency industry, leading crypto ecosystems continue to fortify their walls with specialized wallets, plugins, stablecoins, gas fees, and decentralized exchanges (DEXs) . However, at UXUY we believe that an ecosystem should not just be an isolated island. Only by promoting cross-chain transactions extensively can true equity be achieved. To welcome one billion users to Web3 without walls, we need DEXs that are barrier-free. We firmly believe that trading is the only weapon that can break down barriers. Only by setting aside prejudice and using decentralized means can we jointly promote crypto equity. Is following smart money chasing greed? " Yes, it\'s driven by greed - but the mania for cryptocurrency could wind up building something much more important than wealth." - Steven Johnson (Jan. 16, 2018) It is important to note that we entered the world of crypto because of decentralization, cryptography, and crypto equity. We have both the ability and the obligation to solve the monopoly problems created by Twitter and Facebook in the Web 2.0 world. Entry time should not be the criterion for measuring success, and the "Matthew Effect" should not be an excuse to prevent innovation. Every compatriot who enters the crypto world should enjoy the right to innovate and explore. Story continues We should not expect powerful centralized ecosystems to give new assets the power to sprout and grow. Pursuing hot assets is more in line with economic interests, which is understandable. However, standing on different dimensions, the market will eventually iterate. Amazon is more likely to suffer systemic risks, and Giants like Meta cannot become decentralized, nor can it breed any decentralized product. Such stories of centralization will only be repeated one after another. The consensus to promote crypto equity for all will shed light on more emerging assets. How do you know that the new asset hidden in the corner today will not become the next "Bitcoin"? Our promises: UXUY is committed to building a decentralized multi-chain asset trading platform. UXUY will persistently build Bitcoin and Ethereum ecosystems and actively contribute to the Lightning Network. UXUY will actively participate in the creation and development of emerging crypto asset communities and provide fertile ground for the diversity of crypto culture. We can see that more and more people are joining the ranks of promoting crypto equity. Everyone on earth can become a beneficiary. About UXUY UXUY is the next-gen MPC-based decentralized trading platform. Through mnemonic-free and gas-free solutions, UXUY simplifies the onboarding process for users and enables them to conduct cross-chain transactions with a single click. UXUY plans to establish a comprehensive stablecoin liquidity pool, offering users a "stablecoin-centric" trading environment and a user experience similar to centralized exchanges (CEX). UXUY supports mainstream public chains, fully leveraging the "wallet + transaction" concept, and actively participates in the development of the "Unclaimed" ecosystem. Contact Information Jordan Liu UXUY Co-founder [email protected] +0065 88095669 SOURCE: UXUY . View source version on accesswire.com: https://www.accesswire.com/767218/UXUY-Launches-Crypto-Equity-Manifesto-Advocating-for-Cross-Chain-Transactions-and-Support-for-Emerging-Assets', 'The next-gen MPC-based decentralized trading platform UXUY is dedicated to breaking down ecosystem barriers through trading, supporting emerging assets equally, and following every round of innovation...\nSINGAPORE / ACCESSWIRE / July 11, 2023 /Decentralized trading platformUXUYhas expressed concerns over the fragmented nature of the current blockchain industry and the difficulties in cross-chain transactions. UXUY believes that every ecosystem should be harmonious and interactive, and the technologies of each community should be open sourced and shared. UXUY firmly believes that emerging assets should be treated with equity. In a decentralized world, there should be no discrimination, and every round of innovation deserves respect. On July 10th, UXUY published the "UXUY Crypto Equity Manifesto" on their officialblogandNostr, advocating equity within the crypto ecosystem.\nUXUY Crypto Equity Manifesto\nAs competition intensifies in the cryptocurrency industry, leading crypto ecosystems continue to fortify their walls withspecialized wallets, plugins, stablecoins, gas fees, and decentralized exchanges (DEXs). However, at UXUY we believe that an ecosystem should not just be an isolated island. Only by promoting cross-chain transactions extensively can true equity be achieved. To welcome one billion users to Web3 without walls, we need DEXs that are barrier-free.\nWe firmly believe that trading is the only weapon that can break down barriers.Only by setting aside prejudice and using decentralized means can we jointly promote crypto equity.\nIs following smart money chasing greed?\n"Yes, it\'s driven by greed- but the mania for cryptocurrency could wind up building something much more important than wealth." - Steven Johnson(Jan. 16, 2018)\nIt is important to note that we entered the world of crypto because of decentralization, cryptography, and crypto equity. We have both the ability and the obligation to solve the monopoly problems created by Twitter and Facebook in the Web 2.0 world. Entry time should not be the criterion for measuring success, and the "Matthew Effect" should not be an excuse to prevent innovation. Every compatriot who enters the crypto world should enjoy the right to innovate and explore.\nWe should not expect powerful centralized ecosystems to give new assets the power to sprout and grow.Pursuing hot assets is more in line with economic interests, which is understandable. However, standing on different dimensions, the market will eventually iterate. Amazon is more likely to suffer systemic risks, and Giants like Meta cannot become decentralized, nor can it breed any decentralized product. Such stories of centralization will only be repeated one after another. The consensus to promote crypto equity for all will shed light on more emerging assets.\nHow do you know that the new asset hidden in the corner today will not become the next "Bitcoin"?\nOur promises:\n• UXUY is committed to building a decentralized multi-chain asset trading platform.\n• UXUY will persistently build Bitcoin and Ethereum ecosystems and actively contribute to the Lightning Network.\n• UXUY will actively participate in the creation and development of emerging crypto asset communities and provide fertile ground for the diversity of crypto culture.\nWe can see that more and more people are joining the ranks of promoting crypto equity. Everyone on earth can become a beneficiary.\nAbout UXUY\nUXUY is the next-gen MPC-based decentralized trading platform. Through mnemonic-free and gas-free solutions, UXUY simplifies the onboarding process for users and enables them to conduct cross-chain transactions with a single click. UXUY plans to establish a comprehensive stablecoin liquidity pool, offering users a "stablecoin-centric" trading environment and a user experience similar to centralized exchanges (CEX). UXUY supports mainstream public chains, fully leveraging the "wallet + transaction" concept, and actively participates in the development of the "Unclaimed" ecosystem.\nContact Information\nJordan LiuUXUY [email protected]+0065 88095669\nSOURCE:UXUY\nView source version on accesswire.com:https://www.accesswire.com/767218/UXUY-Launches-Crypto-Equity-Manifesto-Advocating-for-Cross-Chain-Transactions-and-Support-for-Emerging-Assets', 'Activision Blizzard stock spike Tuesday after a judge said Microsoft could buy the publisher of popular franchises including "Call of Duty." Sledgehammer Games/Activision US stocks closed higher on Tuesday as investors got ready for an important June CPI reading. The key inflation d Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $593,807,974,450 - Hash Rate: 382989765.58074266 - Transaction Count: 478320.0 - Unique Addresses: 752660.0 Social & AI Sentiment: - Fear & Greed Index: 0.64 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell 3.47% from June 9 to June 16 to trade at US$25,561 at 3:30 p.m. Friday in Hong Kong. The world’s largest cryptocurrency by market capitalization dipped below US$25,000 for the first time in three months, before recovering. Ether fell 9% over the week to US$1,670. 1xKqh8PIfzGrhNKh7lrDvbof 2Shmuu7x4dkypXowbEO8Ek7JWDWTYPmLBY70u79 5afRV85yTp S2FwAFszxuM6rXJMDcnJe84ptvwxUQ This week, crypto investor appetite remained weighed down by the Securities and Exchange Commission’s (SEC) ongoing lawsuits against Binance and Coinbase. The SEC filed a motion to freeze the assets of Binance.US , which was denied in court on Wednesday. Judge Amy Berman Jackson of the D.C. District Court ordered Binance.US to share its business expenses with the court while the two parties continue negotiations. “The current crackdown can be seen as a pre-emptive strike, dating back to the collapse of FTX in 2022. U.S. crypto companies will automatically adapt their activities to the new rules resulting from the outcome of the lawsuits. As long as there is no immediate threat from other crypto companies, the SEC might be satisfied with this latest show of arms,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto , told Forkast in a LinkedIn response. Mike Brusov, co-founder of crypto intelligence firm Cindicator , said that distrust in fiat currencies had led to a large influx of capital into crypto, which bolstered Bitcoin to US$29,538 in May, and that the SEC’s aggressive lawsuits aimed to stop this trend. “There are a multitude of strange moments involved in this situation,” said Brusov, referencing SEC chair Gary Gensler’s alleged offer to serve as an advisor to Binance. “Also, a large list of coins became declared as ‘unregistered securities’. This extreme accusation suddenly included high-level blockchains whose tokens have specific utility while serving as an integral piece of the project at large,” wrote Brusov. In the SEC’s other lawsuit against San Francisco payments firm Ripple Labs , the Hinman files – documents of internal communication from former SEC official William Hinman – were released this week. A June 2018 email from Hinman stated that the agency did not classify Ether, the native cryptocurrency of the Ethereum blockchain , as a security. This statement could influence the allegations made by the Commission against Ripple. The SEC argues that XRP , the cryptocurrency used in Ripple’s products and services, is a security. Story continues A June 2018 email from Hinman stated that the agency did not classify Ether, the native cryptocurrency of the Ethereum blockchain , as a security. Images: SEC, Envato Elements Rate hikes: Press start to pause The U.S. consumer price index showed that inflation rose at a 4% annual rate in May, below the expected 4.1%, marking the slowest growth in inflation in two years. The Federal Reserve announced a pause on interest rate hikes on Wednesday, leaving its lending rate at 5% to 5.25% after over a year of consecutive rate hikes. Bitcoin sank to US$24,983 on Wednesday after the Fed signaled that two more rate increases should be expected this year. “It’s a clear sign that the U.S. is edging its way to winning the war against inflation. As a result, there was an initial sell-off in the crypto market. This was short-lived as the market quickly rebounded, with investors betting on continued economic growth and corporate profitability despite higher borrowing costs,” Lucas Kiely, the chief investment officer of digital asset platform Yield App , wrote to Forkast . The U.S. Federal Reserve has signaled that two more rate increases should be expected this year. Image: Win McNamee via Getty Images. Adding to investor concerns, the European Central Bank raised interest rates by 25 basis points to 3.5% on Thursday, in an eighth consecutive hike. This brings interest rates in the region to the highest in 22 years. The central bank also indicated that it is mulling higher interest rates this year. The global crypto market capitalization stood at US$1.04 trillion on Friday at 3:30 p.m. in Hong Kong, down 5.45% from US$1.1 trillion a week ago, according to CoinMarketCap data. With a market cap of US$495 billion, Bitcoin represented 47.8% of the market while Ether, valued at US$200 billion, accounted for 19.3%. See related article: US SEC sues major exchanges; Circle gets Singapore license Notable Movers: EOS & APE Layer-1 blockchain protocol EOS Network’s (EOS) token was this week’s biggest loser in the top 100. EOS fell 28.97% to US$0.6355. The token started its downtrend on Saturday, pressured by the SEC’s lawsuits and the overall negative market sentiment. ApeCoin , the official crypto of the Bored Ape Yacht Club ecosystem, was this week’s second biggest loser in the top 100. ApeCoin fell 27.98% to trade at US$2.09, along with most of the notable metaverse tokens. The Sandbox’s (SAND) token also fell 21.53% while Decentraland’s (MANA) token declined 19.56% on the weekly chart. Bored Ape Yacht Club in OpenSea See related article: Why the US is waging war on Binance, Coinbase Next week: Can Bitcoin hold US$24,000? Next week, investors will be looking forward to key speeches from several members of the Federal Open Market Committee (FOMC), including president of the Federal Reserve Bank of Cleveland, Loretta Mester, Atlanta Fed chief Raphael Bostic and St. Louis Fed president James Bullard. Federal Reserve chair Jerome Powell is also set to testify on the Fed’s recent monetary policy actions on Wednesday and Thursday. The Bitcoin Fear & Greed index , which is a multifactorial measure of crypto market sentiment, rose from 41 points on Thursday to 47 points on Friday, signaling that investor sentiment shifted from fearful to neutral. While market participants are cautious that the SEC may go after other exchanges, Kasper Vandeloock, chief executive officer of quantitative trading firm Musca Capital , does not expect any more lawsuits from the SEC without further regulatory clarity in the U.S. Yield App’s Kiely said that Bitcoin price will likely remain range-bound next week unless it falls below US$24,000. “To confirm an upward trend, Bitcoin prices need to close the week above the key level of US$30,500. Bitcoin has been trading below this for several weeks now, with neither bulls nor bears taking control… On the other hand, if prices fail to hold above current levels, it could indicate a continuation of bearish sentiment. Investors should also keep an eye on another key level at US$24,000,” wrote Kiely. See related article: BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dropped in Thursday morning trading in Asia to below US$30,500, as the U.S. government’s potential sale of Bitcoin seized from a Silk Road theft exerted pressure on the token. Along with Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses, with Polygon’s Matic leading the losers. U.S. equity futures rose after data showed that U.S. inflation slowed in June. Nonetheless, analysts ramped up their expectations for another interest rate hike in July.\nBitcoin dropped 0.81% over the last 24 hours to US$30,375 as of 07:20 a.m. in Hong Kong for a weekly loss of 0.35%. Following the release of the U.S. consumer price index (CPI), the world’s biggest cryptocurrency reached a high of US$30,959 on Wednesday night in Asia. However, it soon retreated below US$30,500, according todatafrom CoinMarketCap.\nBitcoin wallets linked to the U.S. Department of Justice (DOJ) moved over 9,800 Bitcoin worth around $300 million to unused addresses in a flurry of transactions on July 12, according to data fromBlockchain.com. The move likely exerted further pressure on the token — as has been the case with other large transfers in thepast.\nIn 2021, the DOJseizedaround 50,000 Bitcoins stolen from the Silk Road darknet marketplace. It is unclear if Wednesday’s transferral between wallets will lead to the U.S. government selling the seized Bitcoin.\nEther dipped 0.43% to US$1,870, losing 2.15% for the week. Like Bitcoin, the token rose Wednesday night, briefly breaching the US$1,900 resistance level. However, it soon retreated back.\nMost other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. The exception was Tron’s TRX token, which gained 0.51% to US$0.0777 and moved up 1.05% for the week.\nAlthough the CPI data on Wednesday pointed to a slow down in the rate of U.S. inflation, it still may not change the course of the Federal Reserve’s monetary tightening policies.\nAccording to Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, the new data conforms to expectations and is still far from the Fed’s target to bring the inflation rate to within 2%. It is therefore not enough to boost sentiment in the crypto market.\n“Core inflation data came through in the US, a piece of news that most traders were eagerly waiting for but, somehow, which didn’t generate any strong reaction,” d’Anethan said.\nOn the crypto side,\xa0 “investors just aren’t confident enough about prices to gear things down or up and would rather wait for a change of pace in macro markets and the Fed’s rate decision or some powerful crypto-focused catalysis — which just hasn’t come yet,” he added.\nPolygon’s Matic led the losers, falling 2.24% to US$0.7248, although it still registered a weekly gain of 8.25%.\nDespite the latest dip, Matic enjoyed a rally of over 15% in the past two weeks. The rise reflects investor optimism in the Polygon network’sPolygon 2.0 upgrade, which the company says will include improved network performance and a transition to “greater community governance of the protocol and treasury.”\nHowever, the token has some major losses to make up. It is still over 50% down from its 2024 peak of US$1.55 on February 18.\nThe total crypto market capitalization fell 0.71% in the past 24 hours to US$1.18 trillion, while trading volume rose 13.59% to US$31.02 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.14% in the past 24 hours to 2,702.73 as of 09:50 a.m. in Hong Kong. Forkast’s Solana and Polygon NFT market indices moved up, while Etheum’s and Cardano’s indices dropped.\nTotal NFT sales volume dropped 6.33% in the past 24 hours to US$23.06 million, according to data fromCryptoSlam. Sales volume on the Ethereum and Polygon platforms dropped, while the Bitcoin, Solana, BNB Chain and Cardano platforms recorded rises. Sales volume on the Cardano\xa0platform more than doubled in the past 24 hours.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume. Sales of the collection rose 38.50% to US$2.13 million, larger than the combined volumes of Ethereum-based CryptoPunks and Bored Ape Yacht Club (BAYC), which ranked second and third on the list respectively.\nPolygon Technology’s NFT project Pluto announced on Wednesday that itintroduced“interoperable NFT minting” on both the Ethereum and Polygon networks.\n“(Pluto is) billed as the flagship profile picture (NFT project) on Polygon,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “(An) interesting dynamic here to watch is that minting can occur on mainnet Ethereum using ETH or USDC, or can be on Polygon using WETH or Matic. We’ll see if this brings in participants.”\nMeanwhile, Google Playannounceda policy change on Wednesday that allows the apps and games on the online store to incorporate “tokenized digital assets” such as NFTs onto their platforms.\n“This opens up a huge new opportunity for creators and projects to build, now with mobile as their backbone,” said Yehudah.\nBinance Labs, the investment arm of the world’s largest crypto exchange Binance,announcedon Thursday that it has committed $15 million to Switzerland-basedXterio. The Web3 game developer, which allows users to earn and trade using NFTs, plans to use the fund to explore artificial intelligence capabilities in its Web3 game development.\nU.S. stock futuresroseas of 11:30 a.m. in Hong Kong. All three major U.S. indexes closed higher in regular Wednesday trading, with the Nasdaq composite leading the rally with a 1.15% increase.\nInvestors received a boost from Wednesday’s U.S.CPI reportby the Labor Department. It showed that the annual inflation rate in June slowed to 3.0%. The data recorded the smallest annual increase since March 2021. The figure was lower than analyst expectations of 3.1%,Reutersreported on Thursday.\nHowever, the lower-than-expected inflation data may not sway the Federal Reserve from making another interest rate hike in July, according to Nigel Green, chief executive officer at independent financial advisorydeVere Group.\n“The central banks’ officials will argue that there is still work to be done to tame inflation and they are unlikely to be dissuaded from their course of action for the time being,” Green said in an emailed comment.\n“While we believe that the Fed will raise rates in July, there is now less justification for further hikes later this year,” Green added, as “investors are increasingly concerned that the Federal Reserve could, with further hikes, overtighten and that would steer the US economy into a major recession.”\nThe Federal Reserve meets on July 26 to discuss its next move on rates. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged at between 5% and 5.25%.\nAnalysts also expect a 12.9% chance for one more 25-basis-point rate hike in September, down from 22.3% on Wednesday. Expectations for further rate hikes in November and December also dropped.\nFollowing the gains on Wall Street, Asia’s main stock indexes traded higher on Thursday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall recorded rises.\nSouth Korea’s central bank kept its interest rate unchanged for a fourth consecutive time on Thursday, as the country’s inflation eased in June, according to aBloombergreport published Thursday.\nMeanwhile in China, experts polled byReutersestimate the country’s exports shrank 9.5% year-on-year in June, an accelerated rate of decline on the previous month.\nHowever, any bearish sentiment was offset by Chinese Premier Li Qiang’s Wednesdaymeetingwith multiple heads of the country’s leading tech giants. That willingness to engage with the industry’s leaders could signal an end to the government’scrackdownon the technology sector.\n(Updates with equity section.)', 'Bitcoin dropped in Thursday morning trading in Asia to below US$30,500, as the U.S. government’s potential sale of Bitcoin seized from a Silk Road theft exerted pressure on the token. Along with Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies also logged losses, with Polygon’s Matic leading the losers. U.S. equity futures rose after data showed that U.S. inflation slowed in June. Nonetheless, analysts ramped up their expectations for another interest rate hike in July.\nBitcoin dropped 0.81% over the last 24 hours to US$30,375 as of 07:20 a.m. in Hong Kong for a weekly loss of 0.35%. Following the release of the U.S. consumer price index (CPI), the world’s biggest cryptocurrency reached a high of US$30,959 on Wednesday night in Asia. However, it soon retreated below US$30,500, according todatafrom CoinMarketCap.\nBitcoin wallets linked to the U.S. Department of Justice (DOJ) moved over 9,800 Bitcoin worth around $300 million to unused addresses in a flurry of transactions on July 12, according to data fromBlockchain.com. The move likely exerted further pressure on the token — as has been the case with other large transfers in thepast.\nIn 2021, the DOJseizedaround 50,000 Bitcoins stolen from the Silk Road darknet marketplace. It is unclear if Wednesday’s transferral between wallets will lead to the U.S. government selling the seized Bitcoin.\nEther dipped 0.43% to US$1,870, losing 2.15% for the week. Like Bitcoin, the token rose Wednesday night, briefly breaching the US$1,900 resistance level. However, it soon retreated back.\nMost other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. The exception was Tron’s TRX token, which gained 0.51% to US$0.0777 and moved up 1.05% for the week.\nAlthough the CPI data on Wednesday pointed to a slow down in the rate of U.S. inflation, it still may not change the course of the Federal Reserve’s monetary tightening policies.\nAccording to Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, the new data conforms to expectations and is still far from the Fed’s target to bring the inflation rate to within 2%. It is therefore not enough to boost sentiment in the crypto market.\n“Core inflation data came through in the US, a piece of news that most traders were eagerly waiting for but, somehow, which didn’t generate any strong reaction,” d’Anethan said.\nOn the crypto side,\xa0 “investors just aren’t confident enough about prices to gear things down or up and would rather wait for a change of pace in macro markets and the Fed’s rate decision or some powerful crypto-focused catalysis — which just hasn’t come yet,” he added.\nPolygon’s Matic led the losers, falling 2.24% to US$0.7248, although it still registered a weekly gain of 8.25%.\nDespite the latest dip, Matic enjoyed a rally of over 15% in the past two weeks. The rise reflects investor optimism in the Polygon network’sPolygon 2.0 upgrade, which the company says will include improved network performance and a transition to “greater community governance of the protocol and treasury.”\nHowever, the token has some major losses to make up. It is still over 50% down from its 2024 peak of US$1.55 on February 18.\nThe total crypto market capitalization fell 0.71% in the past 24 hours to US$1.18 trillion, while trading volume rose 13.59% to US$31.02 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.14% in the past 24 hours to 2,702.73 as of 09:50 a.m. in Hong Kong. Forkast’s Solana and Polygon NFT market indices moved up, while Etheum’s and Cardano’s indices dropped.\nTotal NFT sales volume dropped 6.33% in the past 24 hours to US$23.06 million, according to data fromCryptoSlam. Sales volume on the Ethereum and Polygon platforms dropped, while the Bitcoin, Solana, BNB Chain and Cardano platforms recorded rises. Sales volume on the Cardano\xa0platform more than doubled in the past 24 hours.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume. Sales of the collection rose 38.50% to US$2.13 million, larger than the combined volumes of Ethereum-based CryptoPunks and Bored Ape Yacht Club (BAYC), which ranked second and third on the list respectively.\nPolygon Technology’s NFT project Pluto announced on Wednesday that itintroduced“interoperable NFT minting” on both the Ethereum and Polygon networks.\n“(Pluto is) billed as the flagship profile picture (NFT project) on Polygon,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “(An) interesting dynamic here to watch is that minting can occur on mainnet Ethereum using ETH or USDC, or can be on Polygon using WETH or Matic. We’ll see if this brings in participants.”\nMeanwhile, Google Playannounceda policy change on Wednesday that allows the apps and games on the online store to incorporate “tokenized digital assets” such as NFTs onto their platforms.\n“This opens up a huge new opportunity for creators and projects to build, now with mobile as their backbone,” said Yehudah.\nBinance Labs, the investment arm of the world’s largest crypto exchange Binance,announcedon Thursday that it has committed $15 million to Switzerland-basedXterio. The Web3 game developer, which allows users to earn and trade using NFTs, plans to use the fund to explore artificial intelligence capabilities in its Web3 game development.\nU.S. stock futuresroseas of 11:30 a.m. in Hong Kong. All three major U.S. indexes closed higher in regular Wednesday trading, with the Nasdaq composite leading the rally with a 1.15% increase.\nInvestors received a boost from Wednesday’s U.S.CPI reportby the Labor Department. It showed that the annual inflation rate in June slowed to 3.0%. The data recorded the smallest annual increase since March 2021. The figure was lower than analyst expectations of 3.1%,Reutersreported on Thursday.\nHowever, the lower-than-expected inflation data may not sway the Federal Reserve from making another interest rate hike in July, according to Nigel Green, chief executive officer at independent financial advisorydeVere Group.\n“The central banks’ officials will argue that there is still work to be done to tame inflation and they are unlikely to be dissuaded from their course of action for the time being,” Green said in an emailed comment.\n“While we believe that the Fed will raise rates in July, there is now less justification for further hikes later this year,” Green added, as “investors are increasingly concerned that the Federal Reserve could, with further hikes, overtighten and that would steer the US economy into a major recession.”\nThe Federal Reserve meets on July 26 to discuss its next move on rates. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged at between 5% and 5.25%.\nAnalysts also expect a 12.9% chance for one more 25-basis-point rate hike in September, down from 22.3% on Wednesday. Expectations for further rate hikes in November and December also dropped.\nFollowing the gains on Wall Street, Asia’s main stock indexes traded higher on Thursday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall recorded rises.\nSouth Korea’s central bank kept its interest rate unchanged for a fourth consecutive time on Thursday, as the country’s inflation eased in June, according to aBloombergreport published Thursday.\nMeanwhile in China, experts polled byReutersestimate the country’s exports shrank 9.5% year-on-year in June, an accelerated rate of decline on the previous month.\nHowever, any bearish sentiment was offset by Chinese Premier Li Qiang’s Wednesdaymeetingwith multiple heads of the country’s leading tech giants. That willingness to engage with the industry’s leaders could signal an end to the government’scrackdownon the technology sector.\n(Updates with equity section.)', 'Good morning. Here’s what’s happening:\nPrices:After a morning surge, bitcoin spent the day in its most recent range well above $30K.\nInsights:Commodity or security? Former CFTC Chair Timoth Massad says the determination can wait.\nCoinDesk Market Index (CMI)\n1,237\n−8.2▼0.7%\nBitcoin (BTC)\n$30,357\n−253.7▼0.8%\nEthereum (ETH)\n$1,872\n−11.0▼0.6%\nS&P 500\n4,472.16\n+32.9▲0.7%\nGold\n$1,964\n+8.0▲0.4%\nNikkei 225\n31,943.93\n−259.6▼0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "\\u22128.2\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,357", "\\u2212253.7\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,872", "\\u221211.0\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,472.16", "+32.9\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,964", "+8.0\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,943.93", "\\u2212259.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Ignores Inflation Data\nBitcoin seemed headed for brighter days in the immediate aftermath of a mildly surprising decline in the June Consumer Price Index (CPI) Wednesday, before retreating into the shadows it\'s occupied for the better part of a month well below $31,000.\nThe largest cryptocurrency by market capitalization was recently trading at $30,357, down 0.8% over the past 24 hours. BTC surged in the hour immediately following the CPI release, a 3% increase that was lower than expected and down from 4% the previous month, as investors quickly lost their enthusiasm.On-chain data this morningthat showed two wallets – labeled as belonging to the U.S. government and linked to seized bitcoin holdings from the Silk Road marketplace – moving 9,825 bitcoin ($301 million) in three transactionsmay have outweighedthe positive inflation report.\nWith a few blips, bitcoin has been range-bound between $30,000 and $31,000 for much of the time since June 20 as investors fretted over a renewal of hawkish interest rate hikes that could cast the economy into a steep recession. Federal Reserve officials have said repeatedly that they intend on raising interest rates 25 basis points (bps) later this month after pausing a year-long diet of monetary hawkishness in June.\nThose worries and often confounding macroeconomic data have trumped euphoria that bubbled up earlier in June after BlackRock, the world\'s largest asset manager, and other financial services giants applied for elusive spot bitcoin ETFs. The SEC, which has rejected multiple such applications over the past two years, is unlikely to come to a decision any time soon, leaving markets unclear about the next price catalyst. Still, sentiment has turned bullish with two respected research groups over the past week that BTC could soar to $120,000 or higher by the end of 2024 and other signals, including the CoinDesk bitcoin market indicator pointing upward.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted that over the past two years, the supply of BTC that remains unmoved for more than a year has reached an all-time high of nearly 70%. "This data suggests that the dominant bitcoin investor right now is the long-term ‘hodler,’ Savic wrote. "This cohort is less likely to be sensitive to macro considerations."\nRead More:Bitcoin HODLing Has Never Been More Popular\nEther also rose after the CPI release, before dropping and was recently changing hands at $1,870, down 0.6% from Tuesday, same time. Other major cryptos were largely in the red with MATIC and AVAX, the tokens of smart contracts platform Polygon and Avalanche, down more than 4% and 2%, respectively. TheCrypto Market Index, a measure of crypto markets\' performance, was off 1.9%.\nEquity markets liked the sound of falling inflation better than cryptos with the tech-heavy Nasdaq Composite falling 1.1% and the S&P 500 and Dow Jones Industrial Average (DJIA) also declining. Traditional safe haven gold ticked upward slightly.\nFRNT\'s Savic noted stocks\' and cryptos veering path, a trend that took flight months ago. "We’ve seen a decline in correlations between bitcoin and traditional assets heading into this CPI release, and that has been a strong theme in 2023," he wrote.\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.4%", "DACS Sector": "Computing"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22123.1%", "DACS Sector": "Smart Contract Platform"}]\nTim Massad\'s Incremental Approach to Crypto Regulation\nRegulatory agencies don’t have to immediately settle whether crypto is a security or a commodity, former Commodity Futures Trading Commission Chair Timothy Massad told CoinDesk TV’s “First Mover” program on Wednesday.\nEchoing aWall Street Journalop-ed that he and former Securities and Exchange Commissioner (SEC) Jay Clayton co-authored last week, Massad said that the CFTC and SEC could create basic investor and market protection standards for exchanges through a self-regulatory organization as an incremental step before determining digital assets’ status.\n“We\'re very deliberately saying, we don\'t have to resolve that in order to put in place some basic investor protection standards,” Massad said. “We\'re not saying that\'s not an important issue. It is and I don\'t want to limit the SE C\'s ability to say, this (crypto) is a security (and) you really have to comply. But what we\'re saying is, look, we have platforms today that are trading things – maybe they\'re securities, maybe they\'re commodities. Put in place standards on protecting customer assets, preventing fraud and manipulation, prohibiting conflicts of interest requiring reporting and recording of information.”\nMassad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiplelegal actionsagainst exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges had violated securities laws by, among other things, offering unregistered securities.\nRead More:SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations\nSome observers believe that U.S. overreach could shift the balance of the crypto world to cities overseas with friendlier regulatory environments, including Hong Kong, which recently made it easier for retail investors to trade, Singapore andAbu Dhabi, which is intenton becoming a global digital asset hub.\nRead More:Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nMassad said that the piecemeal approach would offer at least some certainty while the various cases wind their way through the courts, and agencies continue to debate over the nature of crypto. “Cases brought by the SEC and the CFTC aren\'t going to bring us to sort of comprehensive investor protection standards quickly,” he noted.\nMassad said that Congress could apply the incremental standards to any platform trading bitcoin or ether, which account for more than two-thirds of the crypto market’s total value, as a sort of test. “There\'s no platform out there that\'s significant, that\'s not trading both of those tokens,” he said. “So that\'s the hook. That\'s the way to say, ‘here are the intermediaries that these standards apply to without having to resolve what\'s a security and what\'s not a security.”\nHe added: “We\'re going to say ‘look, that can still be litigated and let\'s require these platforms to provide some basic disclosure on a token before it\'s listed for trading.’ And that actually will help us determine what\'s a security. You can\'t really answer what\'s a security unless you know is there a common enterprise behind this, are there managerial efforts that people are looking toward to increase its value? We need disclosure to figure that out?”\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Producer Price Index (June/MoM/YoY)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Initial Jobless Claims (July 7)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch\nThe U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shared his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discussed crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighed in on the future of Web3 gaming.\nSilk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data:The U.S. government previously sold 9,861 bitcoin for $216 million in March.\nGoogle Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games:The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules.\nElon Musk\'s New ChatGPT Competitor Boosts AI-Related Crypto Tokens:Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.\nCircle Cuts Workforce, Ends Certain \'Non-Core\' Activities; Will Continue Hiring Globally:While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.\nEven as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K:Wednesday\'s CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might\'ve thought would drive BTC\'s price higher.', 'Good morning. Here’s what’s happening:\nPrices:After a morning surge, bitcoin spent the day in its most recent range well above $30K.\nInsights:Commodity or security? Former CFTC Chair Timoth Massad says the determination can wait.\nCoinDesk Market Index (CMI)\n1,237\n−8.2▼0.7%\nBitcoin (BTC)\n$30,357\n−253.7▼0.8%\nEthereum (ETH)\n$1,872\n−11.0▼0.6%\nS&P 500\n4,472.16\n+32.9▲0.7%\nGold\n$1,964\n+8.0▲0.4%\nNikkei 225\n31,943.93\n−259.6▼0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,237", "\\u22128.2\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,357", "\\u2212253.7\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,872", "\\u221211.0\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,472.16", "+32.9\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,964", "+8.0\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["31,943.93", "\\u2212259.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Ignores Inflation Data\nBitcoin seemed headed for brighter days in the immediate aftermath of a mildly surprising decline in the June Consumer Price Index (CPI) Wednesday, before retreating into the shadows it\'s occupied for the better part of a month well below $31,000.\nThe largest cryptocurrency by market capitalization was recently trading at $30,357, down 0.8% over the past 24 hours. BTC surged in the hour immediately following the CPI release, a 3% increase that was lower than expected and down from 4% the previous month, as investors quickly lost their enthusiasm.On-chain data this morningthat showed two wallets – labeled as belonging to the U.S. government and linked to seized bitcoin holdings from the Silk Road marketplace – moving 9,825 bitcoin ($301 million) in three transactionsmay have outweighedthe positive inflation report.\nWith a few blips, bitcoin has been range-bound between $30,000 and $31,000 for much of the time since June 20 as investors fretted over a renewal of hawkish interest rate hikes that could cast the economy into a steep recession. Federal Reserve officials have said repeatedly that they intend on raising interest rates 25 basis points (bps) later this month after pausing a year-long diet of monetary hawkishness in June.\nThose worries and often confounding macroeconomic data have trumped euphoria that bubbled up earlier in June after BlackRock, the world\'s largest asset manager, and other financial services giants applied for elusive spot bitcoin ETFs. The SEC, which has rejected multiple such applications over the past two years, is unlikely to come to a decision any time soon, leaving markets unclear about the next price catalyst. Still, sentiment has turned bullish with two respected research groups over the past week that BTC could soar to $120,000 or higher by the end of 2024 and other signals, including the CoinDesk bitcoin market indicator pointing upward.\nIn a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted that over the past two years, the supply of BTC that remains unmoved for more than a year has reached an all-time high of nearly 70%. "This data suggests that the dominant bitcoin investor right now is the long-term ‘hodler,’ Savic wrote. "This cohort is less likely to be sensitive to macro considerations."\nRead More:Bitcoin HODLing Has Never Been More Popular\nEther also rose after the CPI release, before dropping and was recently changing hands at $1,870, down 0.6% from Tuesday, same time. Other major cryptos were largely in the red with MATIC and AVAX, the tokens of smart contracts platform Polygon and Avalanche, down more than 4% and 2%, respectively. TheCrypto Market Index, a measure of crypto markets\' performance, was off 1.9%.\nEquity markets liked the sound of falling inflation better than cryptos with the tech-heavy Nasdaq Composite falling 1.1% and the S&P 500 and Dow Jones Industrial Average (DJIA) also declining. Traditional safe haven gold ticked upward slightly.\nFRNT\'s Savic noted stocks\' and cryptos veering path, a trend that took flight months ago. "We’ve seen a decline in correlations between bitcoin and traditional assets heading into this CPI release, and that has been a strong theme in 2023," he wrote.\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.4%", "DACS Sector": "Computing"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.5%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22123.1%", "DACS Sector": "Smart Contract Platform"}]\nTim Massad\'s Incremental Approach to Crypto Regulation\nRegulatory agencies don’t have to immediately settle whether crypto is a security or a commodity, former Commodity Futures Trading Commission Chair Timothy Massad told CoinDesk TV’s “First Mover” program on Wednesday.\nEchoing aWall Street Journalop-ed that he and former Securities and Exchange Commissioner (SEC) Jay Clayton co-authored last week, Massad said that the CFTC and SEC could create basic investor and market protection standards for exchanges through a self-regulatory organization as an incremental step before determining digital assets’ status.\n“We\'re very deliberately saying, we don\'t have to resolve that in order to put in place some basic investor protection standards,” Massad said. “We\'re not saying that\'s not an important issue. It is and I don\'t want to limit the SE C\'s ability to say, this (crypto) is a security (and) you really have to comply. But what we\'re saying is, look, we have platforms today that are trading things – maybe they\'re securities, maybe they\'re commodities. Put in place standards on protecting customer assets, preventing fraud and manipulation, prohibiting conflicts of interest requiring reporting and recording of information.”\nMassad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiplelegal actionsagainst exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges had violated securities laws by, among other things, offering unregistered securities.\nRead More:SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations\nSome observers believe that U.S. overreach could shift the balance of the crypto world to cities overseas with friendlier regulatory environments, including Hong Kong, which recently made it easier for retail investors to trade, Singapore andAbu Dhabi, which is intenton becoming a global digital asset hub.\nRead More:Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset\nMassad said that the piecemeal approach would offer at least some certainty while the various cases wind their way through the courts, and agencies continue to debate over the nature of crypto. “Cases brought by the SEC and the CFTC aren\'t going to bring us to sort of comprehensive investor protection standards quickly,” he noted.\nMassad said that Congress could apply the incremental standards to any platform trading bitcoin or ether, which account for more than two-thirds of the crypto market’s total value, as a sort of test. “There\'s no platform out there that\'s significant, that\'s not trading both of those tokens,” he said. “So that\'s the hook. That\'s the way to say, ‘here are the intermediaries that these standards apply to without having to resolve what\'s a security and what\'s not a security.”\nHe added: “We\'re going to say ‘look, that can still be litigated and let\'s require these platforms to provide some basic disclosure on a token before it\'s listed for trading.’ And that actually will help us determine what\'s a security. You can\'t really answer what\'s a security unless you know is there a common enterprise behind this, are there managerial efforts that people are looking toward to increase its value? We need disclosure to figure that out?”\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Producer Price Index (June/MoM/YoY)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Initial Jobless Claims (July 7)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch\nThe U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shared his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discussed crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighed in on the future of Web3 gaming.\nSilk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data:The U.S. government previously sold 9,861 bitcoin for $216 million in March.\nGoogle Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games:The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules.\nElon Musk\'s New ChatGPT Competitor Boosts AI-Related Crypto Tokens:Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.\nCircle Cuts Workforce, Ends Certain \'Non-Core\' Activities; Will Continue Hiring Globally:While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.\nEven as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K:Wednesday\'s CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might\'ve thought would drive BTC\'s price higher.', 'Good morning. Here’s what’s happening: Prices: After a morning surge, bitcoin spent the day in its most recent range well above $30K. Insights: Commodity or security? Former CFTC Chair Timoth Massad says the determination can wait. Prices CoinDesk Market Index (CMI) 1,237 −8.2 ▼ 0.7% Bitcoin (BTC) $30,357 −253.7 ▼ 0.8% Ethereum (ETH) $1,872 −11.0 ▼ 0.6% S&P 500 4,472.16 +32.9 ▲ 0.7% Gold $1,964 +8.0 ▲ 0.4% Nikkei 225 31,943.93 −259.6 ▼ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,237 −8.2 ▼ 0.7% Bitcoin (BTC) $30,357 −253.7 ▼ 0.8% Ethereum (ETH) $1,872 −11.0 ▼ 0.6% S&P 500 4,472.16 +32.9 ▲ 0.7% Gold $1,964 +8.0 ▲ 0.4% Nikkei 225 31,943.93 −259.6 ▼ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Ignores Inflation Data Bitcoin seemed headed for brighter days in the immediate aftermath of a mildly surprising decline in the June Consumer Price Index (CPI) Wednesday, before retreating into the shadows it\'s occupied for the better part of a month well below $31,000. The largest cryptocurrency by market capitalization was recently trading at $30,357, down 0.8% over the past 24 hours. BTC surged in the hour immediately following the CPI release, a 3% increase that was lower than expected and down from 4% the previous month, as investors quickly lost their enthusiasm. On-chain data this morning that showed two wallets – labeled as belonging to the U.S. government and linked to seized bitcoin holdings from the Silk Road marketplace – moving 9,825 bitcoin ($301 million) in three transactions may have outweighed the positive inflation report. With a few blips, bitcoin has been range-bound between $30,000 and $31,000 for much of the time since June 20 as investors fretted over a renewal of hawkish interest rate hikes that could cast the economy into a steep recession. Federal Reserve officials have said repeatedly that they intend on raising interest rates 25 basis points (bps) later this month after pausing a year-long diet of monetary hawkishness in June. Story continues Those worries and often confounding macroeconomic data have trumped euphoria that bubbled up earlier in June after BlackRock, the world\'s largest asset manager, and other financial services giants applied for elusive spot bitcoin ETFs. The SEC, which has rejected multiple such applications over the past two years, is unlikely to come to a decision any time soon, leaving markets unclear about the next price catalyst. Still, sentiment has turned bullish with two respected research groups over the past week that BTC could soar to $120,000 or higher by the end of 2024 and other signals, including the CoinDesk bitcoin market indicator pointing upward. In a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, noted that over the past two years, the supply of BTC that remains unmoved for more than a year has reached an all-time high of nearly 70%. "This data suggests that the dominant bitcoin investor right now is the long-term ‘hodler,’ Savic wrote. "This cohort is less likely to be sensitive to macro considerations." (FRNT) Read More: Bitcoin HODLing Has Never Been More Popular Ether also rose after the CPI release, before dropping and was recently changing hands at $1,870, down 0.6% from Tuesday, same time. Other major cryptos were largely in the red with MATIC and AVAX, the tokens of smart contracts platform Polygon and Avalanche, down more than 4% and 2%, respectively. The Crypto Market Index , a measure of crypto markets\' performance, was off 1.9%. Equity markets liked the sound of falling inflation better than cryptos with the tech-heavy Nasdaq Composite falling 1.1% and the S&P 500 and Dow Jones Industrial Average (DJIA) also declining. Traditional safe haven gold ticked upward slightly. FRNT\'s Savic noted stocks\' and cryptos veering path, a trend that took flight months ago. "We’ve seen a decline in correlations between bitcoin and traditional assets heading into this CPI release, and that has been a strong theme in 2023," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +0.4% Computing Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −3.9% Smart Contract Platform Gala GALA −3.5% Entertainment Polkadot DOT −3.1% Smart Contract Platform Insights Tim Massad\'s Incremental Approach to Crypto Regulation Regulatory agencies don’t have to immediately settle whether crypto is a security or a commodity, former Commodity Futures Trading Commission Chair Timothy Massad told CoinDesk TV’s “First Mover” program on Wednesday. Echoing a Wall Street Journal op-ed that he and former Securities and Exchange Commissioner (SEC) Jay Clayton co-authored last week, Massad said that the CFTC and SEC could create basic investor and market protection standards for exchanges through a self-regulatory organization as an incremental step before determining digital assets’ status. “We\'re very deliberately saying, we don\'t have to resolve that in order to put in place some basic investor protection standards,” Massad said. “We\'re not saying that\'s not an important issue. It is and I don\'t want to limit the SE C\'s ability to say, this (crypto) is a security (and) you really have to comply. But what we\'re saying is, look, we have platforms today that are trading things – maybe they\'re securities, maybe they\'re commodities. Put in place standards on protecting customer assets, preventing fraud and manipulation, prohibiting conflicts of interest requiring reporting and recording of information.” Massad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiple legal actions against exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges had violated securities laws by, among other things, offering unregistered securities. Read More: SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations Some observers believe that U.S. overreach could shift the balance of the crypto world to cities overseas with friendlier regulatory environments, including Hong Kong, which recently made it easier for retail investors to trade, Singapore and Abu Dhabi, which is intent on becoming a global digital asset hub. Read More: Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset Massad said that the piecemeal approach would offer at least some certainty while the various cases wind their way through the courts, and agencies continue to debate over the nature of crypto. “Cases brought by the SEC and the CFTC aren\'t going to bring us to sort of comprehensive investor protection standards quickly,” he noted. Massad said that Congress could apply the incremental standards to any platform trading bitcoin or ether, which account for more than two-thirds of the crypto market’s total value, as a sort of test. “There\'s no platform out there that\'s significant, that\'s not trading both of those tokens,” he said. “So that\'s the hook. That\'s the way to say, ‘here are the intermediaries that these standards apply to without having to resolve what\'s a security and what\'s not a security.” He added: “We\'re going to say ‘look, that can still be litigated and let\'s require these platforms to provide some basic disclosure on a token before it\'s listed for trading.’ And that actually will help us determine what\'s a security. You can\'t really answer what\'s a security unless you know is there a common enterprise behind this, are there managerial efforts that people are looking toward to increase its value? We need disclosure to figure that out?” Important events. 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Producer Price Index (June/MoM/YoY) 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Initial Jobless Claims (July 7) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shared his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discussed crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighed in on the future of Web3 gaming. Headlines Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data: The U.S. government previously sold 9,861 bitcoin for $216 million in March. Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games: The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules. Elon Musk\'s New ChatGPT Competitor Boosts AI-Related Crypto Tokens: Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT. Circle Cuts Workforce, Ends Certain \'Non-Core\' Activities; Will Continue Hiring Globally: While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas. Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K: Wednesday\'s CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might\'ve thought would drive BTC\'s price higher.', '• US stocks climbed higher on Wednesday as traders took in good June inflation data.\n• Consumer prices rose just 3% year over year, the lowest rate in two years.\n• Traders are hoping cooler inflation will soon bring an end to Fed rate hikes, which have weighed on stocks.\nStocks climbed on Wednesday as traders hoped that cooling inflation will put an end to the Federal Reserve\'s rate hikes soon.\nThe June consumer price index was up 3% year over year, coming in better than Wall Street forecasts and marking the lowest rate in two years.\nInvestors are still widely expecting the Fed to hike rates 25 basis points at its July policy meeting, which would lift the fed funds rate target to 5.25%-5.5%. Another rate hike remains on the table, but bets that the Fed willpause in Septemberrose to 82% from 72% on Tuesday.\n"While today\'s CPI data brought good news on the inflation front, we expect the FOMC to look through the fluctuations in the volatile categories, and to maintain its view that it needs to hike rates further to eventually bring inflation back to its 2% target," Barclays strategists said in a note on Wednesday, adding that the Fed would likely hike in July and again in September.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Wednesday:\n• S&P 500:4,472.16, up 0.74%\n• Dow Jones Industrial Average:34,347.43, up 0.25% (86.01 points)\n• Nasdaq Composite:13,918.96, up 1.15%\nHere\'s what else has happened today:\n• The lowest inflation reading in two yearsis great news for the stock market, Fundstrat said.\n• Here\'swhere history says the latest bull market is headednext.\n• Consumers will exhaust their pandemic savingsby Christmas, JPMorgan CEO Jamie Dimon warned.\n• If the AI productivity boom disappoints, this is where investors should put their cash, according to Bank of America.\n• Here\'s why renters are a bigger dragon consumer spending than homeowners.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 1.55% to $75.99 per barrel.Brent crude, oil\'s international benchmark, edged up 0.29% to $80.34.\n• Goldclimbed 1.33% to $1,958.15 per ounce.\n• The yield on the 10-year Treasury fell 11 basis points to 3.861%.\n• Bitcoin slipped 0.21% to $30,464, while ether inched 0.56% higher to $1,883.\nRead the original article onBusiness Insider', 'Getty Images / Bryan R. Smith US stocks climbed higher on Wednesday as traders took in good June inflation data. Consumer prices rose just 3% year over year, the lowest rate in two years. Traders are hoping cooler inflation will soon bring an end to Fed rate hikes, which have weighed on stocks. Stocks climbed on Wednesday as traders hoped that cooling inflation will put an end to the Federal Reserve\'s rate hikes soon. The June consumer price index was up 3% year over year, coming in better than Wall Street forecasts and marking the lowest Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $609,125,663,150 - Hash Rate: 321592673.5118464 - Transaction Count: 375859.0 - Unique Addresses: 678891.0 Social & AI Sentiment: - Fear & Greed Index: 0.57 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto companies that were partnered with Prime Trust are clearing the air about the safety of customers’ assets following the custodian’s failure. Some firms—many of which declare proudly that they are ‘Bitcoin only’—are in worse shape than others. “There are still many unknowns, but we intend to fight for our members that have funds locked up with Prime Trust,”tweetedCoinbits, a platform for buying, selling, and automatically saving in Bitcoin on Wednesday. Prime Trust was placed into receivership on Tuesday by the Nevada Financial Institutions Division due to years-long financial issues that were recently brought to light. Between losing old private keys and misappropriating user assets, the State’sfilingindicated that Prime Trust is over $82 million in the hole from fiat liabilities. While the company claimed to have a nearly solvent $68 million in digital assets to cover client’s crypto deposits, analysis byArkham Intelligenceindicates that the vast majority of these funds are held in an illiquid token called ‘AUDIO’. Only $7.5 million are held in Bitcoin. Nevertheless, Coinbits said Prime Trust “still has enough bitcoin to honor our members’ balances,” and plans to move towards a “no-custody solution” in the future. As of writing, most of the app’s service remains offline. Prime Trust Partner Banq Files for Bankruptcy Following BitGo Deal Meanwhile, Swan Bitcoin, another Bitcoin financial services company, is under fire from Bitcoiners after rapidly withdrawing all assets from Prime Trust weeks in advance of the custodian’s fallout. All Swan clients’ assets now rest with Fortress, a crypto custodian that happens to be led by Scott Purcell, the same CEO that led Prime Trust until January 2021. Before moving to Fortress, Purcell was CEO of Prime Trust partner Banq, which recently filed for bankruptcy due to mismanagement under his service,allegedthe company earlier this month. Many suspect that companies like Swan may be subject to clawbacks during Prime Trust’s bankruptcy process, despite withdrawing before its collapse. However, Swan CEO Cory Klippstenclaimsthat wouldn’t be possible due to “a century of trust legal structure precedent.”“If there were somehow going to be clawbacks (illegal, and contra a century of precedent), Swan would just make our users whole,” added Klippsten. FTX Restructuring Team Has Clawed Back $5B in Lost Assets Klippsten denied that Swan knew Prime Trust was insolvent before withdrawing, saying that the firm had been preparing to migrate away from the custodian for 9 months. Much like Swan, Bitcoin lightning wallet Strike narrowly escaped Prime Trust with users’ assets intact. However, rather than choosing a new custodian, the firmdecidedto take asset custody in house, unlocking some new features for users. When asked why Swan didn’t pursue a similar approach to Strike, Klippsten toldDecryptthat he suspects this approach will invite regulatory problems.“I don't think having the ledger/custody on the broker side is the answer because I expect regulations soon forcing the separation of brokerage and custody, which is required for the rest of the financial industry and is the best legal setup for users,” wrote Klippsten via DM.In terms of choices for custodians, the CEO said there are few options for “legally segregated, bankruptcy remote” trust accounts for individual users. “Prime Trust plus Fireblocks dominated for 3-4 years, and now all the fintechs have moved to Fortress plus BitGo,” he said. BitGo originally planned to acquire Prime Trust earlier this month, but laterbacked outof the deal.... - Reddit Posts (Sample): [['u/PRFinklemeister', 'Loan your Bitcoin and live tax free on debt?', 18, '2023-07-13 13:13', 'https://www.reddit.com/r/Bitcoin/comments/14yhyg2/loan_your_bitcoin_and_live_tax_free_on_debt/', 'So many ppl say they will do this but there are problems...\n\n* giving up custody of your coins is a recipe for disaster.\n\n* if btc does not appreciate aggressively this does not work. \n\nHow do people think this will be a good strategy?', 'https://www.reddit.com/r/Bitcoin/comments/14yhyg2/loan_your_bitcoin_and_live_tax_free_on_debt/', '14yhyg2', [['u/Halo22B', 17, '2023-07-13 13:24', 'https://www.reddit.com/r/Bitcoin/comments/14yhyg2/loan_your_bitcoin_and_live_tax_free_on_debt/jrsfviw/', '"good... bad" these are subjective terms. Each person has a unique situation. Taking out a Bitcoin backed loan could be a useful strategy to obtain assets (including income producing ones) for certain Bitcoiners....is it for everyone? Of course not. Is there risk? Obviously yes? Is it worth it? Only the individual can make that choice.', '14yhyg2']]], ['u/Andyham', 'Name 3 coins you have faith in for the next bull market', 28, '2023-07-13 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/', 'In 2020 it was mostly DEFI and layer2 ETH competition got the attention, until meme coins and rug coin got all the headlines, before the entire market inevitabely came to a halt.\n\nWhat do you think will be the trend this time around (whenever the next bull market is in full swing, be that in 1 week or 2 years from now.\n\nAre you bullish on any of the popular coins from last time around? ADA, SOL, DOT? Still clinging to XLM, XTZ, VET? Any newcomers that will take the market with storm?\n\nThrow me your 3 best bets. Could be solid safe coins in top20 that will outperform BTC/ETH, or riskier outside of top 100 coins that will make Bitcoins inevitable 2x/3x from ATH look like a joke.', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/', '14yilsa', [['u/liveaskings', 13, '2023-07-13 13:51', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/jrsim23/', "Matic and Loopring for L2's as we will need more and more growth and then Quant.", '14yilsa'], ['u/liveaskings', 12, '2023-07-13 13:53', 'https://www.reddit.com/r/CryptoCurrency/comments/14yilsa/name_3_coins_you_have_faith_in_for_the_next_bull/jrsisgw/', 'BTC, BTC, BTC. The only sure thing.', '14yilsa']]], ['u/Lord-Nagafen', 'Crypto in the new Mission Impossible movie', 18, '2023-07-13 16:54', 'https://www.reddit.com/r/CryptoCurrency/comments/14yn0yh/crypto_in_the_new_mission_impossible_movie/', 'No major spoilers… Mission Impossible has jumped on the AI and crypto bandwagon. Crypto payment is held on a drive and it is referenced throughout the movie. Not as Bitcoin or Ethereum but just generically as crypto. There is also a strange scene where they are “Decrypting Blockchain” with a loading bar which mostly seemed to be for dramatic effect. According to the article linked below “Tom has trained with a crypto bro for weeks to get his terminology absolutely perfect.” \n\nWhat do you guys think about crypto popping up in movies? Seems to be the payment system for “criminals” and not casual usage. Still it helps keep crypto relevant and in the public lexicon. \n\n\nhttps://waterfordwhispersnews.com/2022/01/31/tom-cruise-to-explain-nfts-in-most-daring-mission-impossible-stunt-yet/', 'https://www.reddit.com/r/CryptoCurrency/comments/14yn0yh/crypto_in_the_new_mission_impossible_movie/', '14yn0yh', [['u/Kappatalizable', 13, '2023-07-13 16:56', 'https://www.reddit.com/r/CryptoCurrency/comments/14yn0yh/crypto_in_the_new_mission_impossible_movie/jrt6hzq/', 'What the Mission? Making profits?', '14yn0yh']]], ['u/TarkovRedditor', 'Alt Coin Rally on Security News', 61, '2023-07-13 18:02', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/', 'All started with the headlines that dropped:\n\n" Ripple Sales of XRP Do Not Constitute Offer of Investment Contracts: Judge "\n\n" Ripple wins verdict that XRP is not a security, and judge also rules that institutional sales of XRP by Ripple were securities" per bloomberg\n\nThe document: [Link](https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.874.0.pdf)\n\nhttps://preview.redd.it/oqakgb6d7rbb1.png?width=927&format=png&auto=webp&s=f9c8f5997ccc7137965e4ddd94937cc4b4c4070f\n\n# XRP rallied over +36% within Minutes\n\nhttps://preview.redd.it/lkqors6v7rbb1.png?width=2508&format=png&auto=webp&s=2a76a7deb506acb9645d0621e931c3b134db854b\n\nThe response & investor confidence is pretty clear taking a lookt at the chart. XRP pretty much blew up within minutes, rallying 36%, tons of traders jumping in almost doubling the amount of open trades globally. The market cap jumped from 25Bn to 32Bn.\n\nBut not just XRP caught a rally on the news\n\nBTC ripped through 31k liquidating millions of USD in shorts\n\nhttps://preview.redd.it/jlqutatt8rbb1.png?width=2560&format=png&auto=webp&s=abf6b8fa4706d16443ff8cee6ae978144257fba3\n\n# ADA jumped over +7%\n\nhttps://preview.redd.it/mhehgeyf8rbb1.png?width=2498&format=png&auto=webp&s=8ed23b625d1f50c2cecfd2c6dd87f32ad9e3b76d\n\n# MATIC over +8%\n\nhttps://preview.redd.it/gqnptz8k8rbb1.png?width=2501&format=png&auto=webp&s=e16cb305aaebc79f27c1a8d2d73880d932dfed74\n\n# SOLANA almost +15%\n\nhttps://preview.redd.it/p1jqauro8rbb1.png?width=2501&format=png&auto=webp&s=7fdfca286bc2cc565c80bc1f51ff58e0fd610fcc\n\n\n\n50 Million USD n shorts got liquidated within minutes\n\nhttps://preview.redd.it/a5whun049rbb1.png?width=786&format=png&auto=webp&s=bf2786d4c16dc4a66c47709f7d269b048b808eed\n\nAn important part of the paper is "The Southern District of New York concluded that Ripple’s Programmatic Sales and Other Distributions of XRP did not constitute the offer and sale of investment contracts. But Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act"\n\n\n\nhttps://preview.redd.it/oes8x3ud9rbb1.png?width=733&format=png&auto=webp&s=52075aa2b6b358c1b7aaff39feb0b333614bdde7\n\n( The document: [Link](https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.874.0.pdf) )\n\nReading through the document it\'s important to mention that this is NOT what the judge ruled, and the case is still going to trial, where that will still be up for debate.\n\nIt\'s important to keep in mind that XRP DID NOT WIN. This is a great step forward it but nothing set yet. I try to make it clear but please do not make any financial decisions without reading through the document or based on people spamming made up headlines on social media.', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/', '14yor7u', [['u/ChemicalGreek', 67, '2023-07-13 18:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtgfwq/', 'This news is very good for alt coins that had been labeled as security by the SEC! They can basically refer to this law suit in theirs…', '14yor7u'], ['u/niwaniwan', 16, '2023-07-13 18:04', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtghwb/', 'We won, we fucking won lads. Whiskey is on me! We no longer have to wait for 2069 for the lawsuit to end with our grandchildren thinking we got heavy PTSD.', '14yor7u'], ['u/_s79', 16, '2023-07-13 18:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtgl9l/', 'Todays the day the bull run started.', '14yor7u'], ['u/TarkovRedditor', 17, '2023-07-13 18:21', 'https://www.reddit.com/r/CryptoCurrency/comments/14yor7u/alt_coin_rally_on_security_news/jrtiwmx/', 'It\'s important to remember that although it\'s a step into the right direction for transparency this isn\'t a "alt coins aren\'t a security" news ( yet? ) . XRP will still go to trial and the results are not 100% here ( yet ? )', '14yor7u']]], ['u/LisHere321', 'This is a glorious day for crypto which opens up for a BULLRUN!!!', 29, '2023-07-13 20:27', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/', '"XRP is not a security" this is not just bullish for XRP, this is bullish also bullish for almost all crypto which the SEC was sueing!\n\nThis landmark case will unleash a true crypto bullrun...maybe not immediately, but next year when the halving event is going to happen.\n\nThis bullrun will be very huge!!!\n\nMASSIVE MONEY INFLOW from everywhere:\n\n- big institutions! BlackROCK as biggest asset manager to join crypto\n\n- BlackROCK will buy the BTC from Coinbase (COINbase stock will rise a lot, too)\n\n- media starts to see crypto more positive (or at least less negative), so more new retail will come to crypto\n\n- SEC will be losing (almost) all their other cases, each lost will pump every coin, yes...every coin will pump!\n\nThe next bullrun (whenever it will start) will be so incredibly huge, it\'s just beyond our imagination. Those who invest just even a little into crypto will make massive gains. Don\'t forget to take profits by then.\n\nCongratulations to anyone who stood steadfast during this longest bear market. You will be very wealthy.', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/', '14ysg9z', [['u/StonedRex', 31, '2023-07-13 20:28', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru2av0/', 'People will FOMO like crazy now.', '14ysg9z'], ['u/Florian995', 28, '2023-07-13 20:35', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru3av4/', 'This is the sign to not buy for me', '14ysg9z'], ['u/rootpl', 14, '2023-07-13 21:01', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru78nm/', "World's economies are still in shambles, with inflation, housing markets struggling etc. and while I enjoy this sudden pump we aren't out of the woods yet, macroeconomics isn't looking that great at the moment.", '14ysg9z'], ['u/TightAd8638', 13, '2023-07-13 21:05', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jru7yti/', "FOMO on steroids!!! The arrival of Europe's first bitcoin ETF is like adding fuel to the FOMO fire", '14ysg9z'], ['u/mbdtf95', 12, '2023-07-13 22:13', 'https://www.reddit.com/r/CryptoCurrency/comments/14ysg9z/this_is_a_glorious_day_for_crypto_which_opens_up/jrui5cc/', "Tbf, majority of top altcoins are still around their all time lows. It's still a great time to accumulate IMO.", '14ysg9z']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin surged on Friday morning in Asia to breach the US$31,000 resistance level, after Ripple Labs achieved apartial victoryin its three-year lawsuit against the U.S. Securities and Exchange Commission (SEC). The regulator\xa0 accused Ripple of offering XRP as an unregistered security. Along with Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies logged considerable gains, with XRP spearheading the rally with a rise of over 70%. U.S. equity futures traded flat in the Asia time zone on Friday as investors await earnings reports from major U.S. banks. Thursday’s U.S. producer price index (PPI) has added to a sense that inflation is slowing in the country.\nBitcoin climbed 3.45% over the last 24 hours to US$31,463 as of 07:50 a.m. in Hong Kong for a weekly gain of 4.93%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,814 early Friday morning, the highest price since June 2022.\nIn asummary judgementon Thursday,\xa0 New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, marking a partial victory for Ripple with the SEC. The regulator firstsuedthe San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020.\nThe verdict came with a critical caveat, however.\xa0 The court ruled that Ripple’s XRP sales to institutional investors did violate securities laws.\nNonetheless, Ripple’s Chief Executive Officer Stuart Alderoty called the judgement “a huge win” in a Fridaytweet.\nAlderoty said that “the only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients.” Those transactions will now be subject to\xa0further court proceedings.\nDespite the overall optimism in the crypto community evidenced by the upswing in the market, there are also a number of industry voices sounding a note of caution.\nIn an emailed comment, CoinShares’ Head of Product Townsend Lansing said that the aspect of the ruling that identifies Ripple’s sales to institutional customers as a violation of\xa0securities law\xa0marks “a considerable victory for the SEC.”\nThe ruling will now set a precedent for legal action against other cryptocurrencies by regulators, he said.\n“It is important to note that institutional investors who purchased directly from Ripple may find themselves subject to class-action litigation as potential underwriters,” Lansing added. “This is an area to watch closely, especially if big-name venture capitalists were involved.”\nBut, while some sense of jeopardy remained for those involved, Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, believes that the ruling had at least “shook investors in the best of ways.”\nElsewhere, Europe’s first Bitcoin exchange-traded fund (ETF) is set for a public listing this month. That follows a 12-month delay from the initially planned date, the Financial Timesreportedon Thursday.\nExperts have identified the listing as another potential catalyst for the crypto market.\n“With the talks of ETFs in the background, the idea that we could see products tracking many cryptocurrencies is not implausible and traders are naturally positioning themselves accordingly,” said Keyrock’s d’Anethan.\nLike Bitcoin, Ether surged 6.99% to US$2,004, moving up 7.69% for the week. The token is trading above US$2,000 for the first time since April.\nBoosted by the ruling on the SEC-Ripple case, all other top 10 non-stablecoin cryptocurrencies rose in the past 24 hours. Cardano’s ADA, Solana’s SOL and Polygon’s MATIC each logged two-digit gains.\nXRP, subject of the SEC’s lawsuit against issuer Ripple, jumped 72.75% to US$0.8142 and added 74.89% for the week. In doing so, it replaced Binance’s BNB as the third largest non-stablecoin cryptocurrency by market cap.\nThe total crypto market capitalization rose 6.19% in the past 24 hours to US$1.26 trillion, while trading volume jumped 95.72% to US$60.3 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.14% in the past 24 hours to 2,699.39 as of 09:55 a.m. in Hong Kong. Forkast’s Solana and Cardano NFT market indices also moved higher, while the Etheum and Polygon indices dropped.\nDespite the overnight rise in cryptocurrency prices associated with the Ripple ruling, total NFT sales volume dipped 1.72% in the past 24 hours to US$24.45 million, according to data fromCryptoSlam.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume, edging up 0.31% to US$2.14 million. In doing so, it recorded over two thirds of the total volume on the Bitcoin network. Ethereum-based collections Bored Ape Yacht Club (BAYC) and the Captainz ranked second and third respectively.\nBAYC #1734, part of the BAYC collection, topped collectible sales in the past 24 hours. It was sold at 600 Ether (US$1.2 million) early Friday. As exciting as this big sale is, BAYC #1734 was previouslysoldat 800 Ether in January 2022.\n“This grail Bored Ape was sold at a huge loss, but the takeaway is that there is still a market for very high-priced NFTs, even in a bear market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nAs the bear market continues, Dapper Labs, the developer of hit NFT collections such asCryptoKittiesandNBA Top Shot,\xa0 announced thelayoffof 51 staff on Thursday — roughly 12% of its workforce.\n“The decision was incredibly difficult” but necessary to “ensure a lean and efficient” company, said Dapper Labs Chief Executive Officer Roham Gharegozlou in a letter to employees. It is the third round of layoffs at the company in the past 12 months. Those layoffs saw its workforce cut by22%in November 2022 and by a further20%in February this year.\nCool Cats Group, the Web3 company behind NFT collection Cool Cats,announceda partnership with game developer nWayPlay,\xa0 a subsidiary of Hong Kong-based software and investment giant Animoca Brands. Together, the two companies will develop a Web3 game set to be released between late 2023 and early 2024.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong.\xa0 All three major U.S. indexes closed higher in regular Thursday trading, with the Nasdaq leading the gains with a 1.58% rise.\nThe U.S.producer price index(PPI) released Thursday recorded a 0.1% year-on-year rise for the month of June, down from 0.9% in May. The June figure is the smallest increase since August 2020.\nThe data is also well below analystexpectationsof a 0.4% annual increase in PPI. Combined with weakconsumer price indexdata released on Wednesday, the data points to a slowdown in U.S. inflation.\n“The better-than-expected inflation figures for June 2023 would suggest that policy is working to ease price pressures as higher interest rates reduce demand. Key payroll figures announced in early July also came in below expectations with the economy generating less jobs than expected in June,” said Keith Wade, chief economist & strategist at asset managementSchroders.\nHowever, given lingering inflation worries, Wade still expects the Federal Reserve to make another interest rate hike in July. The tight labor market and the potential for a reversal in the Fed’s monetary policy could, Wade said, trigger a rally in the bond market that would “loosen financial conditions.”\n“Given the efforts the Fed has made to convince markets they were serious about inflation and not about to pivot, this would seem to be too early,” said Wade.\nFederal Reserve Governor Christopher Waller said in a Thursdayspeechthat the Fed would need to “keep policy restrictive for some time” in order to reduce inflation below its 2% target. He said that he anticipates two more rate hikes by the end of the year.\n“I am more confident that the banking turmoil is not going to result in a significant problem for the economy, and I see no reason why the first of those two hikes should not occur at our meeting later this month,” said Waller.\nMeanwhile, a Wednesdayreportby financial comparison service company Bankrate showed that economists believe there is a 59% chance the U.S. economy will enter a recession inside the next twelve months. The report cited concern about the long-term economic impact of this year’s extended series of rate hikes.\nThe 59% figure is, however, a decrease on the64%chance given in April, and the lowest level in the past 12 months.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nInvestors are now awaiting the release of second-quarter earnings reports from major financial institutions on Friday. The releases will include reports from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and more.\nElsewhere, main stock indexes across Asia traded higher on Friday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall posted rises as of 12:30 p.m. in Hong Kong.\n(Updates with equity section.)', 'Bitcoin surged on Friday morning in Asia to breach the US$31,000 resistance level, after Ripple Labs achieved apartial victoryin its three-year lawsuit against the U.S. Securities and Exchange Commission (SEC). The regulator\xa0 accused Ripple of offering XRP as an unregistered security. Along with Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies logged considerable gains, with XRP spearheading the rally with a rise of over 70%. U.S. equity futures traded flat in the Asia time zone on Friday as investors await earnings reports from major U.S. banks. Thursday’s U.S. producer price index (PPI) has added to a sense that inflation is slowing in the country.\nBitcoin climbed 3.45% over the last 24 hours to US$31,463 as of 07:50 a.m. in Hong Kong for a weekly gain of 4.93%, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a high of US$31,814 early Friday morning, the highest price since June 2022.\nIn asummary judgementon Thursday,\xa0 New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, marking a partial victory for Ripple with the SEC. The regulator firstsuedthe San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020.\nThe verdict came with a critical caveat, however.\xa0 The court ruled that Ripple’s XRP sales to institutional investors did violate securities laws.\nNonetheless, Ripple’s Chief Executive Officer Stuart Alderoty called the judgement “a huge win” in a Fridaytweet.\nAlderoty said that “the only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients.” Those transactions will now be subject to\xa0further court proceedings.\nDespite the overall optimism in the crypto community evidenced by the upswing in the market, there are also a number of industry voices sounding a note of caution.\nIn an emailed comment, CoinShares’ Head of Product Townsend Lansing said that the aspect of the ruling that identifies Ripple’s sales to institutional customers as a violation of\xa0securities law\xa0marks “a considerable victory for the SEC.”\nThe ruling will now set a precedent for legal action against other cryptocurrencies by regulators, he said.\n“It is important to note that institutional investors who purchased directly from Ripple may find themselves subject to class-action litigation as potential underwriters,” Lansing added. “This is an area to watch closely, especially if big-name venture capitalists were involved.”\nBut, while some sense of jeopardy remained for those involved, Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock, believes that the ruling had at least “shook investors in the best of ways.”\nElsewhere, Europe’s first Bitcoin exchange-traded fund (ETF) is set for a public listing this month. That follows a 12-month delay from the initially planned date, the Financial Timesreportedon Thursday.\nExperts have identified the listing as another potential catalyst for the crypto market.\n“With the talks of ETFs in the background, the idea that we could see products tracking many cryptocurrencies is not implausible and traders are naturally positioning themselves accordingly,” said Keyrock’s d’Anethan.\nLike Bitcoin, Ether surged 6.99% to US$2,004, moving up 7.69% for the week. The token is trading above US$2,000 for the first time since April.\nBoosted by the ruling on the SEC-Ripple case, all other top 10 non-stablecoin cryptocurrencies rose in the past 24 hours. Cardano’s ADA, Solana’s SOL and Polygon’s MATIC each logged two-digit gains.\nXRP, subject of the SEC’s lawsuit against issuer Ripple, jumped 72.75% to US$0.8142 and added 74.89% for the week. In doing so, it replaced Binance’s BNB as the third largest non-stablecoin cryptocurrency by market cap.\nThe total crypto market capitalization rose 6.19% in the past 24 hours to US$1.26 trillion, while trading volume jumped 95.72% to US$60.3 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.14% in the past 24 hours to 2,699.39 as of 09:55 a.m. in Hong Kong. Forkast’s Solana and Cardano NFT market indices also moved higher, while the Etheum and Polygon indices dropped.\nDespite the overnight rise in cryptocurrency prices associated with the Ripple ruling, total NFT sales volume dipped 1.72% in the past 24 hours to US$24.45 million, according to data fromCryptoSlam.\nAmong all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume, edging up 0.31% to US$2.14 million. In doing so, it recorded over two thirds of the total volume on the Bitcoin network. Ethereum-based collections Bored Ape Yacht Club (BAYC) and the Captainz ranked second and third respectively.\nBAYC #1734, part of the BAYC collection, topped collectible sales in the past 24 hours. It was sold at 600 Ether (US$1.2 million) early Friday. As exciting as this big sale is, BAYC #1734 was previouslysoldat 800 Ether in January 2022.\n“This grail Bored Ape was sold at a huge loss, but the takeaway is that there is still a market for very high-priced NFTs, even in a bear market,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nAs the bear market continues, Dapper Labs, the developer of hit NFT collections such asCryptoKittiesandNBA Top Shot,\xa0 announced thelayoffof 51 staff on Thursday — roughly 12% of its workforce.\n“The decision was incredibly difficult” but necessary to “ensure a lean and efficient” company, said Dapper Labs Chief Executive Officer Roham Gharegozlou in a letter to employees. It is the third round of layoffs at the company in the past 12 months. Those layoffs saw its workforce cut by22%in November 2022 and by a further20%in February this year.\nCool Cats Group, the Web3 company behind NFT collection Cool Cats,announceda partnership with game developer nWayPlay,\xa0 a subsidiary of Hong Kong-based software and investment giant Animoca Brands. Together, the two companies will develop a Web3 game set to be released between late 2023 and early 2024.\nU.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong.\xa0 All three major U.S. indexes closed higher in regular Thursday trading, with the Nasdaq leading the gains with a 1.58% rise.\nThe U.S.producer price index(PPI) released Thursday recorded a 0.1% year-on-year rise for the month of June, down from 0.9% in May. The June figure is the smallest increase since August 2020.\nThe data is also well below analystexpectationsof a 0.4% annual increase in PPI. Combined with weakconsumer price indexdata released on Wednesday, the data points to a slowdown in U.S. inflation.\n“The better-than-expected inflation figures for June 2023 would suggest that policy is working to ease price pressures as higher interest rates reduce demand. Key payroll figures announced in early July also came in below expectations with the economy generating less jobs than expected in June,” said Keith Wade, chief economist & strategist at asset managementSchroders.\nHowever, given lingering inflation worries, Wade still expects the Federal Reserve to make another interest rate hike in July. The tight labor market and the potential for a reversal in the Fed’s monetary policy could, Wade said, trigger a rally in the bond market that would “loosen financial conditions.”\n“Given the efforts the Fed has made to convince markets they were serious about inflation and not about to pivot, this would seem to be too early,” said Wade.\nFederal Reserve Governor Christopher Waller said in a Thursdayspeechthat the Fed would need to “keep policy restrictive for some time” in order to reduce inflation below its 2% target. He said that he anticipates two more rate hikes by the end of the year.\n“I am more confident that the banking turmoil is not going to result in a significant problem for the economy, and I see no reason why the first of those two hikes should not occur at our meeting later this month,” said Waller.\nMeanwhile, a Wednesdayreportby financial comparison service company Bankrate showed that economists believe there is a 59% chance the U.S. economy will enter a recession inside the next twelve months. The report cited concern about the long-term economic impact of this year’s extended series of rate hikes.\nThe 59% figure is, however, a decrease on the64%chance given in April, and the lowest level in the past 12 months.\nThe Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged.\nInvestors are now awaiting the release of second-quarter earnings reports from major financial institutions on Friday. The releases will include reports from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and more.\nElsewhere, main stock indexes across Asia traded higher on Friday morning. China’sShanghai Composite, Hong Kong’sHang Seng, Japan’sNikkeiand South Korea’sKospiall posted rises as of 12:30 p.m. in Hong Kong.\n(Updates with equity section.)', 'Bitcoin surged on Friday morning in Asia to breach the US$31,000 resistance level, after Ripple Labs achieved a partial victory in its three-year lawsuit against the U.S. Securities and Exchange Commission (SEC). The regulator\xa0 accused Ripple of offering XRP as an unregistered security. Along with Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies logged considerable gains, with XRP spearheading the rally with a rise of over 70%. U.S. equity futures traded flat in the Asia time zone on Friday as investors await earnings reports from major U.S. banks. Thursday\x92s U.S. producer price index (PPI) has added to a sense that inflation is slowing in the country. XRP ruling provides crypto market boost Bitcoin climbed 3.45% over the last 24 hours to US$31,463 as of 07:50 a.m. in Hong Kong for a weekly gain of 4.93%, according to data from CoinMarketCap. The world\x92s largest cryptocurrency reached a high of US$31,814 early Friday morning, the highest price since June 2022. In a summary judgement on Thursday,\xa0 New York Southern District Court Judge Analisa Torres ruled that Ripple\x92s programmatic sales of the XRP token on public exchanges do not constitute securities, marking a partial victory for Ripple with the SEC. The regulator first sued the San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020. The verdict came with a critical caveat, however.\xa0 The court ruled that Ripple\x92s XRP sales to institutional investors did violate securities laws. Nonetheless, Ripple\x92s Chief Executive Officer Stuart Alderoty called the judgement \x93a huge win\x94 in a Friday tweet . A huge win today \x96 as a matter of law \x96 XRP is not a security. Also a matter of law \x96 sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions \x96 to developers, to charities, to employees are not securities. \x97 Stuart Alderoty (@s_alderoty) July 13, 2023 Alderoty said that \x93the only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients.\x94 Those transactions will now be subject to\xa0further court proceedings. Story continues Despite the overall optimism in the crypto community evidenced by the upswing in the market, there are also a number of industry voices sounding a note of caution. In an emailed comment, CoinShares\x92 Head of Product Townsend Lansing said that the aspect of the ruling that identifies Ripple\x92s sales to institutional customers as a violation of\xa0securities law\xa0marks \x93a considerable victory for the SEC.\x94 The ruling will now set a precedent for legal action against other cryptocurrencies by regulators, he said. \x93It is important to note that institutional investors who purchased directly from Ripple may find themselves subject to class-action litigation as potential underwriters,\x94 Lansing added. \x93This is an area to watch closely, especially if big-name venture capitalists were involved.\x94 But, while some sense of jeopardy remained for those involved, Justin d\x92Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock , believes that the ruling had at least \x93shook investors in the best of ways.\x94 Elsewhere, Europe\x92s first Bitcoin exchange-traded fund (ETF) is set for a public listing this month. That follows a 12-month delay from the initially planned date, the Financial Times reported on Thursday. Experts have identified the listing as another potential catalyst for the crypto market. \x93With the talks of ETFs in the background, the idea that we could see products tracking many cryptocurrencies is not implausible and traders are naturally positioning themselves accordingly,\x94 said Keyrock\x92s d\x92Anethan. Like Bitcoin, Ether surged 6.99% to US$2,004, moving up 7.69% for the week. The token is trading above US$2,000 for the first time since April. Boosted by the ruling on the SEC-Ripple case, all other top 10 non-stablecoin cryptocurrencies rose in the past 24 hours. Cardano\x92s ADA, Solana\x92s SOL and Polygon\x92s MATIC each logged two-digit gains. XRP, subject of the SEC\x92s lawsuit against issuer Ripple, jumped 72.75% to US$0.8142 and added 74.89% for the week. In doing so, it replaced Binance\x92s BNB as the third largest non-stablecoin cryptocurrency by market cap. The total crypto market capitalization rose 6.19% in the past 24 hours to US$1.26 trillion, while trading volume jumped 95.72% to US$60.3 billion. Forkast 500 up, Dapper Labs announces layoffs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.14% in the past 24 hours to 2,699.39 as of 09:55 a.m. in Hong Kong. Forkast\x92s Solana and Cardano NFT market indices also moved higher, while the Etheum and Polygon indices dropped. Despite the overnight rise in cryptocurrency prices associated with the Ripple ruling, total NFT sales volume dipped 1.72% in the past 24 hours to US$24.45 million, according to data from CryptoSlam . Among all NFT collections, Bitcoin-based $FRAM BRC-20 NFTs topped the 24-hour sales volume, edging up 0.31% to US$2.14 million. In doing so, it recorded over two thirds of the total volume on the Bitcoin network. Ethereum-based collections Bored Ape Yacht Club (BAYC) and the Captainz ranked second and third respectively. BAYC #1734 , part of the BAYC collection, topped collectible sales in the past 24 hours. It was sold at 600 Ether (US$1.2 million) early Friday. As exciting as this big sale is, BAYC #1734 was previously sold at 800 Ether in January 2022. \x93This grail Bored Ape was sold at a huge loss, but the takeaway is that there is still a market for very high-priced NFTs, even in a bear market,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. As the bear market continues, Dapper Labs, the developer of hit NFT collections such as CryptoKitties and NBA Top Shot ,\xa0 announced the layoff of 51 staff on Thursday \x97 roughly 12% of its workforce. \x93The decision was incredibly difficult\x94 but necessary to \x93ensure a lean and efficient\x94 company, said Dapper Labs Chief Executive Officer Roham Gharegozlou in a letter to employees. It is the third round of layoffs at the company in the past 12 months. Those layoffs saw its workforce cut by 22% in November 2022 and by a further 20% in February this year. Cool Cats Group, the Web3 company behind NFT collection Cool Cats, announced a partnership with game developer nWayPlay,\xa0 a subsidiary of Hong Kong-based software and investment giant Animoca Brands. Together, the two companies will develop a Web3 game set to be released between late 2023 and early 2024. US equities flat amid data releases Image: Envato Elements U.S. stock futures traded flat as of 11:50 a.m. in Hong Kong.\xa0 All three major U.S. indexes closed higher in regular Thursday trading, with the Nasdaq leading the gains with a 1.58% rise. The U.S. producer price index (PPI) released Thursday recorded a 0.1% year-on-year rise for the month of June, down from 0.9% in May. The June figure is the smallest increase since August 2020. The data is also well below analyst expectations of a 0.4% annual increase in PPI. Combined with weak consumer price index data released on Wednesday, the data points to a slowdown in U.S. inflation. \x93The better-than-expected inflation figures for June 2023 would suggest that policy is working to ease price pressures as higher interest rates reduce demand. Key payroll figures announced in early July also came in below expectations with the economy generating less jobs than expected in June,\x94 said Keith Wade, chief economist & strategist at asset management Schroders . However, given lingering inflation worries, Wade still expects the Federal Reserve to make another interest rate hike in July. The tight labor market and the potential for a reversal in the Fed\x92s monetary policy could, Wade said, trigger a rally in the bond market that would \x93loosen financial conditions.\x94 \x93Given the efforts the Fed has made to convince markets they were serious about inflation and not about to pivot, this would seem to be too early,\x94 said Wade. Federal Reserve Governor Christopher Waller said in a Thursday speech that the Fed would need to \x93keep policy restrictive for some time\x94 in order to reduce inflation below its 2% target. He said that he anticipates two more rate hikes by the end of the year. \x93I am more confident that the banking turmoil is not going to result in a significant problem for the economy, and I see no reason why the first of those two hikes should not occur at our meeting later this month,\x94 said Waller. Meanwhile, a Wednesday report by financial comparison service company Bankrate showed that economists believe there is a 59% chance the U.S. economy will enter a recession inside the next twelve months. The report cited concern about the long-term economic impact of this year\x92s extended series of rate hikes. The 59% figure is, however, a decrease on the 64% chance given in April, and the lowest level in the past 12 months. The Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. The CME FedWatch Tool predicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged. Investors are now awaiting the release of second-quarter earnings reports from major financial institutions on Friday. The releases will include reports from JPMorgan Chase, Wells Fargo, Citigroup, BlackRock and more. Elsewhere, main stock indexes across Asia traded higher on Friday morning. China\x92s Shanghai Composite , Hong Kong\x92s Hang Seng , Japan\x92s Nikkei and South Korea\x92s Kospi all posted rises as of 12:30 p.m. in Hong Kong. (Updates with equity section.)', "• US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite closing at highs for 2023.\n• Thursday's producer price index further established the disinflation narrative after Wednesday's cooler CPI.\n• Analysts and commentators are eyeing a soft landing of the economy as increasingly likely.\nMore signs of slowing price growth helped US stocks climb on Thursday, sending the Nasdaq Composite and S&P 500 to their highest levels of the year.\nThe disinflation narrative deepened as the Producer Price Index rose 0.1% year-over-year in June, the slowest rate of growth in nearly three years. The reading was better than expected, and added to Wednesday's encouraging Consumer Price Index report that showed inflation cooling to 3% last month.\nThe reports are fueling hopes that the Federal Reserve could soon back away from its campaign of aggressively tightening monetary policy, though mostexpect one more hike at the end of this month.\xa0Cooling inflation and a steady slowing of the labor market have built up confidence amongsome analyststhat a soft landing can still be achieved.\nTech led stocks higher Thursday, with Nvidia jumping nearly 5% and Alphabet up more than 4%. CryptocurrencyXRP rallied 61%after a US judge determined it was not a security.\nHere's where US indexes stood at the 4:00 p.m. ET close on Thursday:\n• S&P 500: 4,510.04, up 0.85%\n• Dow Jones Industrial Average: 34,395.14, up 0.14% (47.71 points)\n• Nasdaq Composite: 14,138.57, up 1.58%\nHere's what else has happened today:\n• Taylor Swift's Eras tour is causing a surge in hotel spendingand impacting the economy, the Fed noted.\n• Flatlining car sales in Russiaand soaring prices point to a spiraling economy.\n• Jamie Dimon warns of something worse than a recession in a new interview. Read thebest quotes.\n• Russia is about to take the lead as the top OPEC+ producer, beating out Saudi Arabia.\n• Don't expect a housing market downturn, even with mortgage rates at 7%, Allianz said.\n• Crumbling inflation means the S&P 500can expect more gains, Fundstrat's Tom Lee said.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 2% to $77.29 per barrel.Brent crude, the international benchmark for oil, gained 2% to trade at $81.71.\n• Goldedged up 0.18% to $1,965.50 per ounce.\n• The yield on the10-year Treasurydropped nine basis points to 3.731%.\n• Bitcoinclimbed 2.4% to $31,279.72.\nRead the original article onBusiness Insider", "Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market. Drew Angerer/Getty Images US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite closing at highs for 2023. Thursday's producer price index further established the disinflation narrative after Wednesday's cooler CPI. Analysts and commentators are eyeing a soft landing of the economy as increasingly likely. More signs of slowing price growth helped US stocks climb on Thursday, sending the Nasdaq Composite and S&P 500 to their highest levels of the year. The disinflation narrative deepened as the Producer Price Index rose 0.1% year-over-year in June, the slowest rate of growth in nearly three years. The reading was better than expected, and added to Wednesday's encouraging Consumer Price Index report that showed inflation cooling to 3% last month. The reports are fueling hopes that the Federal Reserve could soon back away from its campaign of aggressively tightening monetary policy, though most expect one more hike at the end of this month .\xa0Cooling inflation and a steady slowing of the labor market have built up confidence among some analysts that a soft landing can still be achieved. Tech led stocks higher Thursday, with Nvidia jumping nearly 5% and Alphabet up more than 4%. Cryptocurrency XRP rallied 61% after a US judge determined it was not a security. Here's where US indexes stood at the 4:00 p.m. ET close on Thursday: S&P 500 : 4,510.04, up 0.85% Dow Jones Industrial Average : 34,395.14, up 0.14% (47.71 points) Nasdaq Composite : 14,138.57, up 1.58% Here's what else has happened today: Taylor Swift's Eras tour is causing a surge in hotel spending and impacting the economy, the Fed noted. Flatlining car sales in Russia and soaring prices point to a spiraling economy. Jamie Dimon warns of something worse than a recession in a new interview. Read the best quotes . Russia is about to take the lead as the top OPEC+ producer , beating out Saudi Arabia. Don't expect a housing market downturn , even with mortgage rates at 7%, Allianz said. Crumbling inflation means the S&P 500 can expect more gains , Fundstrat's Tom Lee said. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 2% to $77.29 per barrel. Brent crude , the international benchmark for oil, gained 2% to trade at $81.71. Gold edged up 0.18% to $1,965.50 per ounce. The yield on the 10-year Treasury dropped nine basis points to 3.731%. Bitcoin climbed 2.4% to $31,279.72. Read the original article on Business Insider", '* Ripple decision seen setting precedent for crypto regulation * Bitcoin hits 1 year high; altcoins surge * Coinbase stock doubles in a month SINGAPORE, July 14 (Reuters) - Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months. Bitcoin traded at its highest price since June 2022 overnight, touching $31,818 on the Bitstamp exchange. It is up more than 90% for the year so far and nearly 30% in a month. Second-biggest token Ether had its best session since March and Ripple, which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." The Ripple ruling came together with fraud charges against the former boss of bankrupt crypto lender Celsius Network, which are contested, and on the heels of moves into the market by finance firms BlackRock and Fidelity. Investors say it is driving a mood shift. "Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," said Justin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong. The language remains somewhat unclear, he said, but finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent...and so digital assets turned \'risk-on\' in no uncertain way." It unleashed a rally in smaller cryptocurrencies called "altcoins," with tokens such as Solana, Matic and Stellar up between 15% and 50% and shares in exchange Coinbase up 24% to a year high. Traders said liquidity was low on the altcoin moves, but steadily improving in bitcoin and ether. Turnover for Coinbase stock was the highest in 14 months on Thursday, giving weight to a move that has more than doubled the stockprice in a month. Story continues MOMENTUM Crypto assets are now trading near or above levels plumbed when the collapse of the FTX exchange last November plunged the sector in the depths of what has been called the "crypto winter". FTX imploded when it was unable to honour a rush of withdrawals and its failure, exposing customers to losses, added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns. China has all but banned crypto. U.S. investigators raking over FTX have accused founder Sam Bankman-Fried of multibillion-dollar fraud, to which he has pleaded not guilty. Celsius founder Alex Mashinsky also pleaded not guilty to his charges on Thursday and to be sure, plenty of other legal challenges remain pending and market setbacks are expected. Coinbase and bigger rival Binance face lawsuits, which they are contesting, from the SEC and in Binance\'s case from other regulators as well. A top SEC official said last month the industry has "an ethos built around noncomplicance." The entrance of traditional finance businesses into crypto, bringing in large sums has evoked memories of the rally that lifted bitcoin 300% in 2020. The world\'s biggest asset manager, BlackRock, filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity. "We\'d gone through this long period of just consistently negative news to make the space look pretty grimy, and everyone was shaking their heads," said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "For the first time in a while, it\'s been consistently positive news coming though and that means you\'ve got momentum." (Reporting by Tom Westbrook and Vidya Ranganathan in Singapore; Editing by Simon Cameron-Moore)', '\nRipple decision seen setting precedent for crypto regulation\n\nBitcoin hits 1 year high; altcoins surge\n\nCoinbase stock doubles in a month\nSINGAPORE, July 14 (Reuters) - Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months.\nBitcoin traded at its highest price since June 2022 overnight, touching $31,818 on the Bitstamp exchange. It is up more than 90% for the year so far and nearly 30% in a month.\nSecond-biggest token Ether had its best session since March and Ripple, which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%.\n"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better."\nThe Ripple ruling came together with fraud charges against the former boss of bankrupt crypto lender Celsius Network, which are contested, and on the heels of moves into the market by finance firms BlackRock and Fidelity.\nInvestors say it is driving a mood shift.\n"Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," said Justin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong.\nThe language remains somewhat unclear, he said, but finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent...and so digital assets turned \'risk-on\' in no uncertain way."\nIt unleashed a rally in smaller cryptocurrencies called "altcoins," with tokens such as Solana, Matic and Stellar up between 15% and 50% and shares in exchange Coinbase up 24% to a year high.\nTraders said liquidity was low on the altcoin moves, but steadily improving in bitcoin and ether. Turnover for Coinbase stock was the highest in 14 months on Thursday, giving weight to a move that has more than doubled the stockprice in a month.\nMOMENTUM\nCrypto assets are now trading near or above levels plumbed when the collapse of the FTX exchange last November plunged the sector in the depths of what has been called the "crypto winter".\nFTX imploded when it was unable to honour a rush of withdrawals and its failure, exposing customers to losses, added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns.\nChina has all but banned crypto. U.S. investigators raking over FTX have accused founder Sam Bankman-Fried of multibillion-dollar fraud, to which he has pleaded not guilty.\nCelsius founder Alex Mashinsky also pleaded not guilty to his charges on Thursday and to be sure, plenty of other legal challenges remain pending and market setbacks are expected.\nCoinbase and bigger rival Binance face lawsuits, which they are contesting, from the SEC and in Binance\'s case from other regulators as well. A top SEC official said last month the industry has "an ethos built around noncomplicance."\nThe entrance of traditional finance businesses into crypto, bringing in large sums has evoked memories of the rally that lifted bitcoin 300% in 2020.\nThe world\'s biggest asset manager, BlackRock, filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity.\n"We\'d gone through this long period of just consistently negative news to make the space look pretty grimy, and everyone was shaking their heads," said Chris Weston, head of research at brokerage Pepperstone in Melbourne.\n"For the first time in a while, it\'s been consistently positive news coming though and that means you\'ve got momentum." (Reporting by Tom Westbrook and Vidya Ranganathan in Singapore; Editing by Simon Cameron-Moore)', 'By Tom Westbrook, Rae Wee and Hannah Lang\nSINGAPORE/WASHINGTON (Reuters) - Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security.\nA U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges.\nThe case marks the first win for a cryptocurrency company in a lawsuit brought by the U.S. Securities and Exchange Commission. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities.\nStill, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world\'s largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. The lay-offs are ongoing and could result in the exchange losing more than a third of its staff, the report said, citing a person familiar with the matter.\nCoinbase also announced on Friday that it would limit its crypto staking services for retail customers in California, New Jersey, South Carolina and Wisconsin, pending proceedings several states initiated against the exchange last month, claiming that the program violated securities laws.\nBitcoin hit its highest price since June 2022 earlier, touching $31,818, before edging down to trade around $30,091 at 2009 GMT on Friday.\nSecond-biggest token ether had its best session since March on Thursday and XRP, which the U.S. judge ruled could be legally sold on public crypto exchanges, soared 73% on Thursday and held most of these gains on Friday.\n"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better."\nJustin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong, said finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent".\n"Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," he said.\nFollowing the decision, several major cryptocurrency exchanges, including Coinbase and Bitstamp, resumed trading of XRP on their platforms, after having suspended trading of the token in 2021 due to the SEC\'s lawsuit. Binance.US said on Friday it had also enabled XRP trading on its exchange.\nCoinbase, which was sued by the SEC last month for alleged securities laws violations, saw its shares surge nearly 25% on Thursday as investors hoped that the ruling in the Ripple case would bode well for Coinbase.\nSLOW RECOVERY\nCryptocurrencies have staged a gradual recovery so far this year, after prices fell sharply last year and a series of bankruptcies at major crypto firms, including crypto exchange FTX, left investors with heavy losses.\nThe collapse of FTX added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns.\nChina has all but banned crypto. U.S. investigators raking over FTX have accused founder Sam Bankman-Fried of multibillion-dollar fraud, to which he has pleaded not guilty.\nAlex Mashinsky, the founder of bankrupt crypto lender Celsius, was charged with fraud for misleading customers and artificially inflating the value of the company\'s token, according to a U.S. indictment unsealed on Thursday. He pleaded not guilty.\nMeanwhile, Coinbase and bigger rival Binance face lawsuits, which they are contesting, from the SEC and in Binance\'s case from other regulators as well.\nA top SEC official said last month the industry has "an ethos built around non-compliance".\nAt Binance, the lay-offs as reported by the Wall Street Journal are occurring as a string of executives have recently departed the company, including Chief Strategy Officer Patrick Hillmann. Hillmann confirmed on Twitter that he was leaving the exchange, citing personal reasons.\nStill, crypto investors have taken encouragement from the world\'s biggest asset manager, BlackRock, filing to launch a bitcoin exchange traded fund last month. Earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity.\nAs a risk asset, cryptocurrencies could also stand to gain from a weaker dollar.\n"We\'d gone through this long period of just consistently negative news to make the space look pretty grimy," said Chris Weston, head of research at brokerage Pepperstone in Melbourne.\n"For the first time in a while, it\'s been consistently positive news coming though and that means you\'ve got momentum."\n(Additional reporting by Vidya Ranganathan in Singapore; Editing by Simon Cameron-Moore, Alex Richardson and Josie Kao)', 'By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) - Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security. A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. The case marks the first win for a cryptocurrency company in a lawsuit brought by the U.S. Securities and Exchange Commission. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world\'s largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. The lay-offs are ongoing and could result in the exchange losing more than a third of its staff, the report said, citing a person familiar with the matter. Coinbase also announced on Friday that it would limit its crypto staking services for retail customers in California, New Jersey, South Carolina and Wisconsin, pending proceedings several states initiated against the exchange last month, claiming that the program violated securities laws. Bitcoin hit its highest price since June 2022 earlier, touching $31,818, before edging down to trade around $30,091 at 2009 GMT on Friday. Second-biggest token ether had its best session since March on Thursday and XRP, which the U.S. judge ruled could be legally sold on public crypto exchanges, soared 73% on Thursday and held most of these gains on Friday. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." Justin d\'Anethan, head of business development in Asia at Keyrock, a digital assets market maker in Hong Kong, said finding that XRP tokens sold on public crypto exchanges were not securities under law "probably serves as a precedent". Story continues "Ripple stakeholders were waiting for some regulatory clarity. Yesterday the court seems to have provided just that," he said. Following the decision, several major cryptocurrency exchanges, including Coinbase and Bitstamp, resumed trading of XRP on their platforms, after having suspended trading of the token in 2021 due to the SEC\'s lawsuit. Binance.US said on Friday it had also enabled XRP trading on its exchange. Coinbase, which was sued by the SEC last month for alleged securities laws violations, saw its shares surge nearly 25% on Thursday as investors hoped that the ruling in the Ripple case would bode well for Coinbase. SLOW RECOVERY Cryptocurrencies have staged a gradual recovery so far this year, after prices fell sharply last year and a series of bankruptcies at major crypto firms, including crypto exchange FTX, left investors with heavy losses. The collapse of FTX added momentum to global regulatory efforts at reining in the sector, especially to protect small investors lured by fast returns. China has all but banned crypto. U.S. investigato Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $609,125,663,150 - Hash Rate: 321592673.5118464 - Transaction Count: 375859.0 - Unique Addresses: 678891.0 Social & AI Sentiment: - Fear & Greed Index: 0.60 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Francis X. Suarez, mayor of Miami, has filed to run for U.S. President. Known as the "Bitcoin Mayor," Suarez has previously said he wants Miami to be aglobal crypto hub, personallyinvesting in cryptoin the wake of the passage of the$1.9 trillion stimulus bill, and pushed to receive his government paycheck and 401k benefit plandenominated in Bitcoin. Suarezfiledas a Republican candidate today with the Federal Elections Commission, meaning he will be challenging former President Donald Trump for his party's nomination. Suarez joins a growing list of Republican presidential hopefuls looking to court the Bitcoin vote. Florida Governor and candidate for the GOP nominationRon DeSantisannounced that the state would accept Bitcoin as payment from businesses for state taxes last year, although the announcement did not include individuals. Desantis also signed a billbanningCentral Bank Digital Currency orCBDCin Florida in May. Ron DeSantis Tells Elon Musk Bitcoin Will Die If Joe Biden Is Reelected During a TwitterSpaces conversation with then Twitter CEO Elon Musk, DeSantis said the future of Bitcoin depended on currentU.S. President Joe Bidennot being reelected. “The current regime, clearly, they have it out for Bitcoin,” DeSantis said. “And if it continues for another four years, they’ll probably end up killing it.” Another Republican candidate seeking the Bitcoin vote is entrepreneur Vivek Ramaswamy, who, during the 2023 Bitcoin Conference, said Bitcoin should not be regulated as a security. But Republicans are not the only ones putting Bitcoin on their platform. Candidate for the Democratic Party presidential nomination Robert F. Kennedy, Jr. also appeared at the Bitcoin Conference to show his support for the digital asset, vowing to defend Bitcoin against “invasive surveillance.” "As President," Kennedy said, "I will make sure that your right to hold and use Bitcoin is inviolable, [and] I will defend the right of self-custody." Long-time Bitcoin advocate and former Twitter CEOJack Dorseyrecently came out in support of Kennedy, sharing a video of Kennedy saying that he can beat former President Donald Trump and Governor DeSantis with the comment, "He can and will."... - Reddit Posts (Sample): [['u/iaco56', '70% of my net worth is in crypto, anyone else?', 273, '2023-07-14 15:41', 'https://www.reddit.com/r/CryptoCurrency/comments/14zgsru/70_of_my_net_worth_is_in_crypto_anyone_else/', 'Hey friends, was curious if you think this is a good idea or a bad idea? Would love to hear your thoughts or suggestions or if you do something similar. I’m 27 so I figured I can withstand the risk of the crypto asset class. I’d love to DCA more but my income is strictly commission based so it’s hard to buy more in this tight economy currently. I’m planning on crypto being my ticket in the future aka get rich or die trying lol. \n\nHere’s the breakdown. \n70% in crypto. 52% Btc, 35% Eth, 10% Link, 3% other alts. \n\n15% in liquid cash for mortgage and bills etc.\n\n15% in stocks. IVV, ING, GBTC \n\nGot in November 2017 bullrun n got wrecked. Learned from my lesson to just hodl. I wish I took profits this past bullrun n rebought but I didn’t. Do you guys plan on taking profits n rebuying this next bull run or just hodl n forget about it? I’m so torn between the decision lol. I could’ve done well in past bull run if I just took profits and rebought but I got greedy n held watching those 4x portfolio gains disappear. Basically sitting slightly in green at the moment. What’s a good strategy to implement for next bull run? Any thoughts would be appreciated!', 'https://www.reddit.com/r/CryptoCurrency/comments/14zgsru/70_of_my_net_worth_is_in_crypto_anyone_else/', '14zgsru', [['u/KadienAgia', 15, '2023-07-14 16:49', 'https://www.reddit.com/r/CryptoCurrency/comments/14zgsru/70_of_my_net_worth_is_in_crypto_anyone_else/jrxwg8v/', 'This is an absolute disaster waiting to happen FYI', '14zgsru']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Don’t look now, but the S&P is only 5% below its all-time high.\nSource: StockCharts.com\nHowever, a lot has been made about the uneven gains so far this year.\nAs we’ve pointed out here in theDigest, the Big Tech/AI trade has exploded. And given the heavy weighting of these stocks in the S&P, their gains have hoisted the returns of the broad market. This has masked the underwhelming performance of the average stock in the S&P.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nWell, we’re seeing the gains begin to broaden.\nWithin the S&P, the percentage of stocks now above their 50-day moving average (MA) is 84%. Even if we look at stocks trading above their longer-term 200-day MA, that percentage comes in at 73%. Both percentages are encouraging.\nMeanwhile, there’s positive momentum on the S&P’s Advance/Decline Line. For anyone less familiar, this is a breadth indicator that looks at the difference between the number of stocks rising versus those falling. It heads higher when advances exceed declines.\nAs you can see below, it’s making new all-time highs.\nSource: StockCharts.com\nFinally, there’s the New Highs/New Lows Indicator. As the name suggests, it compares the number of stocks hitting new 52-week highs to those falling to new 52-week lows.\nAs you can see, it appears we’re on the cusp of edging out the high from February.\nSource: StockCharts.com\nBottom line: The bullishness is broadening.\nYes, there’s the inverted yield curve… yes, data suggest the U.S. consumer is running on fumes … yes, elevated interest rates will continue to dry up credit… yes, the risk of a recession still lingers…\nBut here and now, stocks want to go up. So, as we’ve been saying in the Digest, trade it while the trading’s good.\nThanks to everyone who wrote in. We love getting these reader perspectives.\nWhile there were good points made for, and against, a recession, here’s one perspective I found especially interesting. Thanks to Patty B. for sharing these thoughts:\nFirst, I tend to believe the Yield Curve isn’t relevant right now simply because the Fed is manipulating Bond prices and yields in order to scare people.\nMy Blue-Collar intuition tells me the most important factors in the economy right now are inflation, interest rates, and AI. The stickiness of core CPE leads me to think we’ll see elevated rates for longer than expected. In turn, the end of ZIRP combined with AI will probably lead to a lot of Creative Destruction.\nAnd rather than a recession or a Rising Tide, we’ll see a Volatile, Zero-Sum, K-Shaped economy and market. In other word, we’ll have a boom and bust at the same time.\nThose who choose stocks wisely— and watch their stops—will prosper. Those who Buy and Hold a classic diversified portfolio will suffer. Thanks for listening.\nI believe there’s wisdom in Patty’s perspective – especially the idea of a K-shaped economy/market, which echoes our frequently-referenced idea that the market isn’t a big monolith that rises and falls in unison. Rather, it’s made up of thousands of different stocks with wildly different fortunes and fates.\nIt reminds me of what long-time Digest readers will remember as the “Technochasm.”\nTheTechnochasmwas our macro expert Eric Fry’s term to describe the stark — and expanding — wealth gap in the United States that’s, in large part, driven by technology.\nHow much wider will this chasm be with the introduction of Artificial Intelligence (AI)? And not just in the stock market, but as Patty pointed out, for the economy as well?\nTo what extent will AI eliminate certain jobs, funneling those cost savings to the small group of upper-level managers who watch their net worths explode?\nBy extension, if you invest in those companies, how much more will your net worth grow compared to investors who don’t align their portfolios with this AI-advantage?\nEarlier this spring, we highlighted an illustration of this stark Technochasm-divide with the student education company Chegg. Following a downbeat earnings report, Chegg’s CEO admitted that ChatGPT was negatively influencing its business. The stock imploded 48% in a single day and hasn’t recovered since.\nMeanwhile, take Nvidia, the poster child for AI. It has soared this spring based on astonishing demand for its AI-enabling semiconductor chips.\nHere’s a comparison of Chegg versus Nvidia since late-April. Chegg is down 50% while Nvidia is up 76%.\nAnd that cavernous expanse between them?\nThat’s the Technochasm.\nSource: StockCharts.com\nNow, yes, as we pointed out at the beginning of this Digest, we are seeing today’s bullishness widen across an increasing number of stocks. But there’s an enormous difference between investors broadening their market exposure and the sustained outperformance of a company fueled by AI-technology.\nBottom line: The Technochasm is very real and will only widen from here thanks to AI. Make sure you’re on the right side of it. To better understand exactly how to do that,check out Eric’s research video on the Technochasm right here.\nThanks again to Patty for the feedback.\nBitcoin got off to an explosive start in 2023, erupting about 85% by mid-April. This strength paved the way for some monster gains from various altcoins, such as Solana, which tacked on 160% gains by late-February.\nBut then SEC Chair/super-hawk Gary Gensler decided to attack the industry.\nHere’s our crypto expert and the editor ofUltimate Crypto, Luke Lango, with what happened – and more importantly, how the situation is playing out:\nIn late May, a major risk emerged to the boom cycle thesis when the U.S. SEC brought down the regulatory hammer and chased a few key market-makers out of the industry.\nLiquidity got crushed, and cryptos suffered.\nIn our opinion, this risk has been fully resolved, and the boom cycle is back “on.”\nOne of the bullish developments that gives Luke confidence in this assessment is the recent wave of spot Bitcoin ETF filings. One, it shows that institutional interest isn’t flagging despite Gensler’s hawkishness. Two, as Luke points it, this all but ensures a huge increase in crypto liquidity.\nBack to Luke:\nOne – if not multiple – of these ETF filings will be approved. When approved, a Bitcoin ETF will dramatically increase the amount of money flowing into the crypto industry.\nJust consider this fun fact: In its storied history, BlackRock (BLK) has filed for 550 funds.\xa0All but one of them have been approved. That’s a 99.8% success rate.\nWe like those odds.\nInevitably, one of these Bitcoin ETF filings will get approved. And when it starts trading, a ton of money will flow into it and, by extension, the whole crypto industry.\nA judge in the Southern District of New York ruled that the altcoin Ripple (XRP) is “not necessarily a security on its face.”\nThis is a major win for the crypto sector in the face of Gensler’s recent attacks.\nHere’s how Chris Martin, head of research at the crypto shop Amberdata puts it:\nBy judging that XRP is not a security we’re starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on several of their ongoing cases and I expect that this judgment will implicate several other tokens as non-securities.\nThe immediate impact is we saw a price breakout in bitcoin last night as the crypto pushed north through $31,000.\nWhen we look at its chart here in 2023, we saw an ascending triangle pattern, and it appears it’s trying to break out after consolidating all spring.\nSource: StockCharts.com\nGiven that bitcoin’s market performance continues to lead the way for the rest of the sector, if this breakout continues, Luke believes we’ll see broadening bullishness from top-tier altcoins. And this has him looking to add new coins to his portfolio in preparation.\nBottom line: If it’s been a while since you’ve thought about crypto, give it a fresh look as the sector appears poised for a new leg higher. And to join Luke inUltimate Cryptoto learn which altcoins he’s adding to the portfolio,click here.\nHere’s Luke to take us out:\nWe have re-strengthened conviction in our Fourth Crypto Boom Cycle thesis, and as a result, we are\xa0preparing to go on a crypto shopping spree very soon.\nWe have previously discussed the various reasons this looks and feels a lot like the start of a new boom cycle for cryptos, including the depth and length of the previous bear market crash, the price action on the breakout, the price of BTC relative to key on-chain metrics, the halving event in early 2024, and more.\nAll the dots have connected, if you will, in a manner that suggests this is the start of a multi-year bull run in cryptos…\nThe fundamental and technical outlook for the crypto markets has become increasingly bullish.\nIt’s time to buy.\nHave a good evening,\nJeff Remsburg\n• ChatGPT IPO Could Shock the World, Make This Move Before the Announcement\n• Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.\n• The $1 Investment You MUST Take Advantage of Right Now\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe postWeâ\x80\x99re Not Far from All-Time Highsappeared first onInvestorPlace.', "Lucas Jackson/Reuters US stocks were mixed on Friday but closed higher for the week as investors cheered a cooler June inflation report. Second-quarter earnings kicked off on Friday with JPMorgan, Wells Fargo, and BlackRock all beating analyst estimates. Investors are expecting the latest earnings season to represent a trough for corporate profits. US stocks were mixed on Friday but traded solidly higher for the week as investors got their first taste of second-quarter earnings results and cheered an upbeat June inflation report. The S&P 500 rose 2.5% for the week while the tech-heavy Nasdaq 100 jumped more than 3%. The cooler June CPI report recalibrated futures expectations, with investors now pricing in just one more interest rate hike from the Federal Reserve this year. Results from JPMorgan and Wells Fargo beat analyst estimates, while Citigroup posted mixed results that were weighed down by a disappointment in its investment banking division. Results from all the large-cap banks, as well as asset management giant BlackRock , showed no signs that the economy is on the verge of entering a recession, as some economists expect. Investors expect second-quarter earnings results to represent a trough for corporate profits before they begin to rebound. Here's where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,505.51, down 0.1% Dow Jones Industrial Average : 34,509.03, up 0.33% (113.89 points) Nasdaq Composite : 14,113.70, down 0.18% Here's what else is happening today: The Biden administration said it will forgive $39 billion in student debt for more than 800,000 borrowers. SpaceX has hit a valuation of nearly $150 billion amid another round of share sales by insiders at the space exploration company. The US budget deficit ballooned to $2.3 trillion in the 12 months through June – that's a 64% jump from fiscal year 2022. China's weak economy is exporting disinflationary trends to the US, and that could help the US bring inflation down without sparking a recession, according to Ed Yardeni. BlackRock CEO Larry Fink said US debt is 'out of control' - but that an accelerating US economy could ultimately solve the problem. Taylor Swift's impact on the economy has caught the eye of the Federal Reserve, as the singer's packed concerts have helped drive a noticeable increase in local economies. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil fell 2.02% to $75.34 per barrel. Brent crude , oil's international benchmark, dropped 1.95% to $79.77. Gold fell 0.12% to $1,961.50 per ounce. The yield on the 10-year Treasury rose 5 basis points to 3.82%. Bitcoin fell 4.32% to $30,114, while ether dropped 4.44% to $1,915. Read the original article on Business Insider", "• US stocks were mixed on Friday but closed higher for the week as investors cheered a cooler June inflation report.\n• Second-quarter earnings kicked off on Friday with JPMorgan, Wells Fargo, and BlackRock all beating analyst estimates.\n• Investors are expecting the latest earnings season to represent a trough for corporate profits.\nUS stocks were mixed on Friday but traded solidly higher for the week as investors got their first taste of second-quarter earnings results and cheered an upbeat June inflation report.\nTheS&P 500rose 2.5% for the week while the tech-heavyNasdaq 100jumped more than 3%. Thecooler June CPI report recalibrated futures expectations,with investors now pricing in just one more interest rate hike from the Federal Reserve this year.\nResults fromJPMorganandWells Fargobeat analyst estimates, while Citigroup posted mixed results that were weighed down by a disappointment in its investment banking division. Results from all the large-cap banks, as well as asset management giantBlackRock, showed no signs that the economy is on the verge of entering a recession, as some economists expect.\nInvestors expect second-quarter earnings results to represent a trough for corporate profits before they begin to rebound.\nHere's where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,505.51, down 0.1%\n• Dow Jones Industrial Average:34,509.03, up 0.33% (113.89 points)\n• Nasdaq Composite:14,113.70, down 0.18%\nHere's what else is happening today:\n• The Biden administration saidit will forgive $39 billion in student debtfor more than 800,000 borrowers.\n• SpaceX has hit a valuation of nearly $150 billionamid another round of share sales by insiders at the space exploration company.\n• TheUS budget deficit ballooned to $2.3 trillion in the 12 months through June– that's a 64% jump from fiscal year 2022.\n• China'sweak economy is exporting disinflationary trends to the US,and that could help the US bring inflation down without sparking a recession, according to Ed Yardeni.\n• BlackRock CEO Larry Fink said US debt is 'out of control' - butthat an accelerating US economy could ultimately solve the problem.\n• Taylor Swift'simpact on the economy has caught the eye of the Federal Reserve,as the singer's packed concerts have helped drive a noticeable increase in local economies.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil fell 2.02% to $75.34 per barrel.Brent crude, oil's international benchmark, dropped 1.95% to $79.77.\n• Goldfell 0.12% to $1,961.50 per ounce.\n• The yield on the 10-year Treasury rose 5 basis points to 3.82%.\n• Bitcoin fell 4.32% to $30,114, while ether dropped 4.44% to $1,915.\nRead the original article onBusiness Insider", 'For the first time in Spain, a national museum will mint its own NFTs : an exclusive collection featuring masterpieces from Van Gogh. “These artworks were converted into high-definition NFTs using blockchain technology and certified by the Thyssen-Bornemisza National Museum, a national museum,” Carlos Grenoir, the CEO of metaverse platform Olyverse, told Decrypt . The Olyverse Platform is presented as a decentralized stars club, aimed to bridge the gap between fans and celebrities in an innovative and decentralized manner, linking the club members through NFTs). Fans can interact with stars through different activities and participate in experiences in the metaverse. LACMA Ventures Deeper Into NFT Art With Experimental Deafbeef Collection Each NFT, representing an original piece, is part of a limited series, with only 100 available for purchase in collaboration with Telefónica and its NFT marketplace. “By democratizing access to art through NFTs, we hope to enable individuals to experience Van Gogh\'s works in a new way,” said Grenoir. “Our metaverse serves as a platform to exhibit and explore these digital masterpieces, offering an immersive and enriching experience that transcends traditional museum boundaries.” Additionally, a collaboration with the tech giant LG, Van Gogh’s NFT owners will be able to showcase their digital artworks using blockchain-powered displays. The choice of Van Gogh as the first historical artist to be included in the Olyverse was obvious. “Besides the fact that I love Van Gogh, we wanted an artist who is universally recognized, who incarnates the same philosophy as ours, and who created something new and disruptive,” he told Decrypt . Bridging the gap between fans and celebrities The first chapter of Olyverse\'s origin story begins with an encounter. After graduating as an engineer specializing in cybersecurity and neuroscience, Grenoir was working in the cybersecurity field when he met Kevin Mitnick, a renowned hacker and security expert. This encounter led to the building of a platform aiming to leverage blockchain technology and VR to offer a new type of interaction between stars and fans. Story continues For now, the platform offers experiences with Alvaro Morte, the Spanish Actor playing in Netflix’s Money Heist . Ex-footballer Carles Puyol, actress Elsa Pataki, and actor Kerem Bürsin will also join soon, along with a digitized version of Vincent Van Gogh, who is also presented as a member of this star club. To onboard more users, Olyverse’s team worked to make the metaverse accessible to people who don’t know how to use a wallet. ‘You Are the Art’: Chainspace NFT Portals Connect Bitcoin and Ethereum “Olyverse prioritized user experience and ensured that accessing the metaverse did not require VR glasses or knowledge of cryptocurrency. Everything happens behind the scenes, to allow an easy mainstream adoption to our utility OLY and the entire ecosystem,” Grenoir said. Although users can connect via MetaMask or other digital wallets, they also have the option to use credit cards. With its metaverse, Olyverse aims to merge entertainment and education, while leveraging blockchain technology along the way. “We want to create the number one Metaverse in the world by offering all those activities, with free courses every day in different fields like painting, music, cinema, fitness, and cooking, for example," he said. "We will also keep developing the interactions between stars and users, having our token in the middle.” Iconic Notorious B.I.G. Photo Up for Auction—Along With Ethereum NFT Olyverse also introduced the concept of Non-Fungible Stories (NFS), a series that puts the audience in the director\'s chair, allowing them to control the story and shape the future of the show. They are also granted additional benefits like participating in auditions with the stars, enrolling in acting courses, and attending exclusive events. “Metaverse is something that has come to stay and we will see a lot of developments," he said. “Now we see Apple exploring Metaverse. Meta is competing with Quest Pro, as social networks will evolve into that 3D environment. There is a very bright future for this, the competition has started and we will be there.”', 'For the first time in Spain, a national museum will mint its own NFTs : an exclusive collection featuring masterpieces from Van Gogh. “These artworks were converted into high-definition NFTs using blockchain technology and certified by the Thyssen-Bornemisza National Museum, a national museum,” Carlos Grenoir, the CEO of metaverse platform Olyverse, told Decrypt . The Olyverse Platform is presented as a decentralized stars club, aimed to bridge the gap between fans and celebrities in an innovative and decentralized manner, linking the club members through NFTs). Fans can interact with stars through different activities and participate in experiences in the metaverse. LACMA Ventures Deeper Into NFT Art With Experimental Deafbeef Collection Each NFT, representing an original piece, is part of a limited series, with only 100 available for purchase in collaboration with Telefónica and its NFT marketplace. “By democratizing access to art through NFTs, we hope to enable individuals to experience Van Gogh\'s works in a new way,” said Grenoir. “Our metaverse serves as a platform to exhibit and explore these digital masterpieces, offering an immersive and enriching experience that transcends traditional museum boundaries.” Additionally, a collaboration with the tech giant LG, Van Gogh’s NFT owners will be able to showcase their digital artworks using blockchain-powered displays. The choice of Van Gogh as the first historical artist to be included in the Olyverse was obvious. “Besides the fact that I love Van Gogh, we wanted an artist who is universally recognized, who incarnates the same philosophy as ours, and who created something new and disruptive,” he told Decrypt . Bridging the gap between fans and celebrities The first chapter of Olyverse\'s origin story begins with an encounter. After graduating as an engineer specializing in cybersecurity and neuroscience, Grenoir was working in the cybersecurity field when he met Kevin Mitnick, a renowned hacker and security expert. This encounter led to the building of a platform aiming to leverage blockchain technology and VR to offer a new type of interaction between stars and fans. Story continues For now, the platform offers experiences with Alvaro Morte, the Spanish Actor playing in Netflix’s Money Heist . Ex-footballer Carles Puyol, actress Elsa Pataki, and actor Kerem Bürsin will also join soon, along with a digitized version of Vincent Van Gogh, who is also presented as a member of this star club. To onboard more users, Olyverse’s team worked to make the metaverse accessible to people who don’t know how to use a wallet. ‘You Are the Art’: Chainspace NFT Portals Connect Bitcoin and Ethereum “Olyverse prioritized user experience and ensured that accessing the metaverse did not require VR glasses or knowledge of cryptocurrency. Everything happens behind the scenes, to allow an easy mainstream adoption to our utility OLY and the entire ecosystem,” Grenoir said. Although users can connect via MetaMask or other digital wallets, they also have the option to use credit cards. With its metaverse, Olyverse aims to merge entertainment and education, while leveraging blockchain technology along the way. “We want to create the number one Metaverse in the world by offering all those activities, with free courses every day in different fields like painting, music, cinema, fitness, and cooking, for example," he said. "We will also keep developing the interactions between stars and users, having our token in the middle.” Iconic Notorious B.I.G. Photo Up for Auction—Along With Ethereum NFT Olyverse also introduced the concept of Non-Fungible Stories (NFS), a series that puts the audience in the director\'s chair, allowing them to control the story and shape the future of the show. They are also granted additional benefits like participating in auditions with the stars, enrolling in acting courses, and attending exclusive events. “Metaverse is something that has come to stay and we will see a lot of developments," he said. “Now we see Apple exploring Metaverse. Meta is competing with Quest Pro, as social networks will evolve into that 3D environment. There is a very bright future for this, the competition has started and we will be there.”', 'It was a week of altcoin rallies after Ripple’scourtroom victoryagainst the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders.\nBitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according toCoinGecko.\nOn Monday,reportshit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though.\nEthereum (ETH) fared substantially better, though not in the same league as the altcoins. It rose 6.6% to trade at $2,001 at the start of the weekend—$1,932 as of this writing. On Thursday,Ethereum hit $2,000for the first time since May.\nWhile the latest CPI report, released on Wednesday, indicates thatU.S. inflation is going downin line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies.\nDid XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits\nThe first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC)began to surgefollowing an uptick in network growth.\nOn Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token—a kind of upgrade to MATIC.\nClearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple.\nJudge Analisa Torres ruled that XRP "isnot necessarily a securityon its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRPdidqualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise.\nThe news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentageson Thursday. Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillionon Friday.\nAt the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. XRP leads with an eye-popping 66% spike in price and currently trades at $0.72194.\nSolana blew up 33% and now trades at $27.44, Polygon rose 24% before settling to $0.8061 and Cardano added 22%, now $0.3299.\nOther particularly noteworthy rallies this week include Stellar’s XLM, up 47% and now trades at $0.1316, Chainlink (LINK) added 14% to settle at $6.96, and Lido DAO (LDO) rallied 26% to trade at $2.37 as of this writing.\nThere were no major losses among the top thirty cryptocurrencies.\nCoinbase,Kraken and Crypto.comall announced they would all be relisting XRP after the momentous court ruling.\nFinally, regulators across the world are continuing to grapple with the growing crypto industry.\nOn Monday, two high-level European Union institutions, the European Banking Authority and the European Securities and Markets Authority,both released new guidelinesin the runup to the implementation of Markets in Crypto Assets (MiCA), a comprehensive framework for governing the industry across all the bloc’s 27 member states.\nMiCA comes into force on 30 June 2024.\nAnd on Tuesday, South Korea\'s Financial Services Commission (FSC)announcedthe implementation of rules, effective from January 2024, requiring crypto firms to submit detailed crypto disclosures in their financial statements.', 'Illustration by Mitchell Preffer for Decrypt. It was a week of altcoin rallies after Ripple’s courtroom victory against the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders. Bitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according to CoinGecko . On Monday, reports hit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though. Ethereum (ETH) fared substantially better, though not in the same league as the altcoins. It rose 6.6% to trade at $2,001 at the start of the weekend—$1,932 as of this writing. On Thursday, Ethereum hit $2,000 for the first time since May. While the latest CPI report, released on Wednesday, indicates that U.S. inflation is going down in line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies. Did XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits The first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC) began to surge following an uptick in network growth. On Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token—a kind of upgrade to MATIC. Clearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple. Judge Analisa Torres ruled that XRP "is not necessarily a security on its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRP did qualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise. The news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentages on Thursday . Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillion on Friday . Story continues At the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. XRP leads with an eye-popping 66% spike in price and currently trades at $0.72194. Solana blew up 33% and now trades at $27.44, Polygon rose 24% before settling to $0.8061 and Cardano added 22%, now $0.3299. Other particularly noteworthy rallies this week include Stellar’s XLM, up 47% and now trades at $0.1316, Chainlink (LINK) added 14% to settle at $6.96, and Lido DAO (LDO) rallied 26% to trade at $2.37 as of this writing. There were no major losses among the top thirty cryptocurrencies. Coinbase , Kraken and Crypto.com all announced they would all be relisting XRP after the momentous court ruling. Finally, regulators across the world are continuing to grapple with the growing crypto industry. On Monday, two high-level European Union institutions, the European Banking Authority and the European Securities and Markets Authority, both released new guidelines in the runup to the implementation of Markets in Crypto Assets (MiCA), a comprehensive framework for governing the industry across all the bloc’s 27 member states. MiCA comes into force on 30 June 2024. And on Tuesday, South Korea\'s Financial Services Commission (FSC) announced the implementation of rules, effective from January 2024, requiring crypto firms to submit detailed crypto disclosures in their financial statements.', 'It was a week of altcoin rallies after Ripple’scourtroom victoryagainst the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders.\nBitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according toCoinGecko.\nOn Monday,reportshit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though.\nEthereum (ETH) fared substantially better, though not in the same league as the altcoins. It rose 6.6% to trade at $2,001 at the start of the weekend—$1,932 as of this writing. On Thursday,Ethereum hit $2,000for the first time since May.\nWhile the latest CPI report, released on Wednesday, indicates thatU.S. inflation is going downin line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies.\nDid XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits\nThe first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC)began to surgefollowing an uptick in network growth.\nOn Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token—a kind of upgrade to MATIC.\nClearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple.\nJudge Analisa Torres ruled that XRP "isnot necessarily a securityon its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRPdidqualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise.\nThe news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentageson Thursday. Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillionon Friday.\nAt the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. XRP leads with an eye-popping 66% spike in price and currently trades at $0.72194.\nSolana blew up 33% and now trades at $27.44, Polygon rose 24% before settling to $0.8061 and Cardano added 22%, now $0.3299.\nOther particularly noteworthy rallies this week include Stellar’s XLM, up 47% and now trades at $0.1316, Chainlink (LINK) added 14% to settle at $6.96, and Lido DAO (LDO) rallied 26% to trade at $2.37 as of this writing.\nThere were no major losses among the top thirty cryptocurrencies.\nCoinbase,Kraken and Crypto.comall announced they would all be relisting XRP after the momentous court ruling.\nFinally, regulators across the world are continuing to grapple with the growing crypto industry.\nOn Monday, two high-level European Union institutions, the European Banking Authority and the European Securities and Markets Authority,both released new guidelinesin the runup to the implementation of Markets in Crypto Assets (MiCA), a comprehensive framework for governing the industry across all the bloc’s 27 member states.\nMiCA comes into force on 30 June 2024.\nAnd on Tuesday, South Korea\'s Financial Services Commission (FSC)announcedthe implementation of rules, effective from January 2024, requiring crypto firms to submit detailed crypto disclosures in their financial statements.', 'Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs).\nSpot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index.\nA wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities and Exchange Commission (SEC) in last few weeks. However, the globally influential watchdog has said that all the recent filings have been inadequate.\nBut, like many others, I remain confident that a spot Bitcoin ETF is inevitable. The SEC is flexing its muscles, but it will be a matter of time.\xa0 These multi trillion-dollar asset managers are, of course, amazingly-well connected. And there won’t be just one company approved either, because this would imply that that regulator is a de facto ‘kingmaker’.\nIf I am right and we get a wave of approvals of ETFs, I am confident that crypto prices will skyrocket for four main reasons.\nFirst, a Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning or trading the cryptocurrency. Such increased accessibility for both can lead to a larger pool of potential investors entering the market, driving up demand for Bitcoin.\nSecond, the introduction of a Bitcoin ETF will undoubtedly attract institutional investors who have strict regulatory requirements and risk management policies. They’ll bring with them capital, expertise and clout.\nThird, ETFs are traded on established stock exchanges, providing liquidity and ease of trading. This liquidity will attract more traders and increase market efficiency, reducing price volatility. As such, increased liquidity and market efficiency can positively impact the price of Bitcoin and other cryptocurrencies.\nAnd fourth, a Bitcoin ETF will generate significant mainstream attention and media coverage which will drive up demand and prices in the crypto market.\nSo, now we wait for the SEC approval. But with the influence and power of these financial titans, maybe it won’t be for too long?\nBy Nigel Green viaCityAM\nMore Top Reads From Oilprice.com:\n• America’s Manufacturing Slowdown Weighs On Steel Demand\n• Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close\n• 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza\nRead this article on OilPrice.com', 'Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs). Spot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index. A wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities and Exchange Commission (SEC) in last few weeks. However, the globally influential watchdog has said that all the recent filings have been inadequate. But, like many others, I remain confident that a spot Bitcoin ETF is inevitable. The SEC is flexing its muscles, but it will be a matter of time.\xa0 These multi trillion-dollar asset managers are, of course, amazingly-well connected. And there won’t be just one company approved either, because this would imply that that regulator is a de facto ‘kingmaker’. If I am right and we get a wave of approvals of ETFs, I am confident that crypto prices will skyrocket for four main reasons. First, a Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning or trading the cryptocurrency. Such increased accessibility for both can lead to a larger pool of potential investors entering the market, driving up demand for Bitcoin. Second, the introduction of a Bitcoin ETF will undoubtedly attract institutional investors who have strict regulatory requirements and risk management policies. They’ll bring with them capital, expertise and clout. Third, ETFs are traded on established stock exchanges, providing liquidity and ease of trading. This liquidity will attract more traders and increase market efficiency, reducing price volatility. As such, increased liquidity and market efficiency can positively impact the price of Bitcoin and other cryptocurrencies. Story continues And fourth, a Bitcoin ETF will generate significant mainstream attention and media coverage which will drive up demand and prices in the crypto market. So, now we wait for the SEC approval. But with the influence and power of these financial titans, maybe it won’t be for too long? By Nigel Green via CityAM More Top Reads From Oilprice.com: America’s Manufacturing Slowdown Weighs On Steel Demand Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza Read this article on OilPrice.com', 'Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs).\nSpot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index.\nA wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities and Exchange Commission (SEC) in last few weeks. However, the globally influential watchdog has said that all the recent filings have been inadequate.\nBut, like many others, I remain confident that a spot Bitcoin ETF is inevitable. The SEC is flexing its muscles, but it will be a matter of time.\xa0 These multi trillion-dollar asset managers are, of course, amazingly-well connected. And there won’t be just one company approved either, because this would imply that that regulator is a de facto ‘kingmaker’.\nIf I am right and we get a wave of approvals of ETFs, I am confident that crypto prices will skyrocket for four main reasons.\nFirst, a Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning or trading the cryptocurrency. Such increased accessibility for both can lead to a larger pool of potential investors entering the market, driving up demand for Bitcoin.\nSecond, the introduction of a Bitcoin ETF will undoubtedly attract institutional investors who have strict regulatory requirements and risk management policies. They’ll bring with them capital, expertise and clout.\nThird, ETFs are traded on established stock exchanges, providing liquidity and ease of trading. This liquidity will attract more traders and increase market efficiency, reducing price volatility. As such, increased liquidity and market efficiency can positively impact the price of Bitcoin and other cryptocurrencies.\nAnd fourth, a Bitcoin ETF will generate significant mainstream attention and media coverage which will drive up demand and prices in the crypto market.\nSo, now we wait for the SEC approval. But with the influence and power of these financial titans, maybe it won’t be for too long?\nBy Nigel Green viaCityAM\nMore Top Reads From Oilprice.com:\n• America’s Manufacturing Slowdown Weighs On Steel Demand\n• Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close\n• 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza\nRead this article on OilPrice.com', 'There is great optimism around the future of green hydrogen, with many seeing it as a super-fuel that will replace oil-derived options, as well as be highly competitive with electric battery technology. However, we are far from achieving this ambition yet, mainly due to small-scale production operations and high costs. Many companies around the globe have plans to produce green hydrogen, but some are battling challenges that are slowing down the rollout of the clean fuel. Despite improvements in production processes, thanks to greater investment in the sector in recent years, the production and transportation costs of green hydrogen remain much higher than other fuels, including other types of hydrogen. Producing grey or blue hydrogen, which is derived from fossil fuels , is viewed as relatively low cost, with many companies already relying on this fuel. Grey hydrogen is produced using natural gas. It undergoes a steam methane reforming (SMR) process, which breaks methane apart using high-pressure steam, which creates separate hydrogen, carbon monoxide, and carbon dioxide molecules. This process produces high levels of carbon dioxide, around 9 to 10 tonnes of CO2 for every tonne of hydrogen. But it is also highly cost-effective, so long as natural gas prices remain stable. In July 2022, the cost of grey hydrogen was around $2 per kilo . In contrast, green hydrogen production methods are more expensive. Green hydrogen is made using renewable energy sources to power an electrolysis process that separates hydrogen from water, producing just steam as a waste product. It is carbon neutral, making it highly attractive for companies looking to decarbonise. However, by July 2022, it cost around $4 to $5 a kilo, or even more , to produce green hydrogen. And some industry experts believe that the high cost of green hydrogen production isn’t going to fall any time soon. Green hydrogen is viewed by many international agencies, such as the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA), as a solution to decarbonise ‘hard-to-abate’ sectors. As more governments and private companies around the globe pump funding into green hydrogen operations, there are high hopes that the production cost of green hydrogen to fall substantially, to as low as $0.5 per kilo. However, others believe it will be difficult to drive the cost to lower than $3 per kilo . Story continues IRENA published two studies to drive green hydrogen production worldwide: Green Hydrogen: A Guide to Policy Making in November 2020, and Green Hydrogen Cost Reduction: Scaling up Electrolysers to Meet the 1.5°C climate goal in December 2020. These studies were aimed at encouraging governments and private companies to scale up production, aimed at driving down costs. However, the price of green hydrogen production so far remains elevated, at around 2 to 3 times the cost of grey hydrogen production, when gas prices are stable. Nevertheless, progress has been seen thanks to greater funding into research and development, with the price of electrolysers falling by around 60 percent since 2010 . According to IRENA, they could decrease by a further 40 percent in the short term and by as much as 80 percent in the long term. This cost reduction prediction relies on greater innovation in electrolysis technology to improve its performance, as well as scaling up manufacturing capacity, standardisation, and growing economies of scale. Another challenge to consider is the cost of transportation. Murray Douglas, the head of hydrogen research at Wood Mackenzie, stated that “Hydrogen is pretty expensive to move… “It’s more difficult to move than natural gas ... technically, engineering wise … it’s just harder.” And Douglas is not the only one concerned about this. The U.S. Department of Energy (DoE) has reported challenges with green hydrogen including “reducing cost, increasing energy efficiency, maintaining hydrogen purity, and minimizing hydrogen leakage.” The DoE believes greater research is required to “analyse the trade-offs between the hydrogen production options and the hydrogen delivery options when considered together as a system.” Companies worldwide are now considering the best locations for their green hydrogen production facilities. While there is great potential for the development of plants in Australia, North Africa, and the Middle East, these could be very far from their principal markets. Douglas highlighted the need for a dedicated pipeline, constructed between the producer and end-user if moving green hydrogen by pipe. Alternatively, green hydrogen could be transported as ammonia with nitrogen, which could be shipped and sold to consumers such as fertiliser producers. Otherwise, users would have to crack the ammonia back into nitrogen, which would increase costs and result in energy losses. For green hydrogen to be as successful as everyone hopes, it will require significant investment to overcome these challenges. Jorgo Chatzimarkakis, the CEO of the industry association Hydrogen Europe, suggests the need for a certification system, to guarantee that any green hydrogen production was powered by renewable sources. Further, a well-researched delivery strategy needs to be developed to ensure that production facilities are adequately linked with green hydrogen markets. This has been seen in projects such as Cepsa’s green hydrogen corridor between southern and northern Europe. While transportation costs are high, companies already understand how to move green hydrogen as they have been doing it the same way with natural gas for decades. But some are deterred by high costs. Therefore, the industry must drive down production costs to alleviate some of the pressure on transportation. Although the green hydrogen industry continues to face several major challenges, preventing a wide-scale deployment of the clean fuel, greater investment in the sector over the coming decades will likely fix many of these problems and allow for the deployment of global, large-scale green hydrogen production. By Felicity Bradstock for Oilprice.com More Top Reads From Oilprice.com: Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close 3 Reasons Big Oil Might Turn Down Biden’s Arctic Bonanza The Dawn Of Bitcoin ETFs Could Spark An Investor Frenzy Read this article on OilPrice.com', 'There is great optimism around the future of green hydrogen, with many seeing it as a super-fuel that will replace oil-derived options, as well as be highly competitive with electric battery technology. However, we are far from achieving this ambition yet, mainly due to small-scale production operations and high costs. Many companies around the globe have plans to produce green hydrogen, but some are battling challenges that are slowing down the rollout of the clean fuel. Despite improvements in production processes, thanks to greater investment in the sector in recent years, the production and transportation costs of green hydrogen remain much higher than other fuels, including other types of hydrogen.\nProducing grey or blue hydrogen, which isderived from fossil fuels, is viewed as relatively low cost, with many companies already relying on this fuel. Grey hydrogen is produced using natural gas. It undergoes a steam methane reforming (SMR) process, which breaks methane apart using high-pressure steam, which creates separate hydrogen, carbon monoxide, and carbon dioxide molecules. This process produces high levels of carbon dioxide, around9 to 10 tonnes of CO2for every tonne of hydrogen. But it is also highly cost-effective, so long as natural gas prices remain stable. In July 2022, the cost of grey hydrogen was around$2 per kilo.\nIn contrast, green hydrogen production methods are more expensive. Green hydrogen is made using renewable energy sources to power an electrolysis process that separates hydrogen from water, producing just steam as a waste product. It is carbon neutral, making it highly attractive for companies looking to decarbonise. However, by July 2022, it cost around$4 to $5a kilo, oreven more, to produce green hydrogen. And some industry experts believe that the high cost of green hydrogen production isn’t going to fall any time soon.\nGreen hydrogen is viewed by many international agencies, such as the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA), as a solution to decarbonise ‘hard-to-abate’ sector Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $589,354,741,075 - Hash Rate: 369831574.5386234 - Transaction Count: 484980.0 - Unique Addresses: 732135.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rose on Wednesday morning in Asia as all top 10 cryptocurrencies traded higher after strong gains on Wall Street amid signs the U.S. economy is in stronger shape than expected. Additionally, more traditional financial institutions are venturing into the U.S. digital asset industry, with asset manager Fidelity reportedly preparing for a spot Bitcoin exchange-traded fund (ETF) application. All top 10 cryptos rise Bitcoin climbed 1.3% to US$30,606 over the last 24 hours to 7:10 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency by market capitalization is up 8.51% over the past seven days. Ether rose 1.63% to US$1,887 for a gain of 5.61% for the week. All top 10 non-stablecoin cryptocurrencies traded higher, with Polygon leading the gains on a 3.26% jump and a 5.96% weekly gain. Fidelity is close to filing an application for a spot Bitcoin ETF in the U.S., The Block news site reported on Tuesday, citing a source familiar with the matter. This follows a wave of U.S. spot Bitcoin ETF applications submitted by asset managers this month, including BlackRock , WisdomTree , Invesco and Bitwise, indicating institutions are confident in the profit potential in digital assets. However, all the applications will need approval from the Securities and Exchange Commission and Fidelity’s previous attempt to offer a spot Bitcoin ETF in the U.S. in 2021 was rejected. It did however launch the Fidelity Advantage Bitcoin ETF in Toronto, Canada, in December 2021. The ETF has risen 75% since the beginning of this year. Investors are also reacting to reports HSBC, one of the world’s top 10 banks, is reportedly offering Bitcoin and Ether futures ETFs on its investment platform for bank customers in Hong Kong. HSBC did not respond to requests seeking clarification on exactly when the products became available to clients as they were listed on the Hong Kong stock exchange in December. However, the development is seen as significant as the bank has traditionally been frosty toward cryptocurrencies, preventing clients from transferring funds from HSBC accounts directly to crypto exchanges. Story continues “Although these crypto ETFs [in Hong Kong] are based on CME futures and are not physically backed like many of the [exchange traded products] in Europe, this is certainly very positive news for investors in the region who want to get regulated exposure to price movements in Bitcoin and Ethereum,” Bradley Duke, co-CEO at Europe-based ETC Group, said in an emailed statement. The total cryptocurrency market cap rose 1.21% to US$1.19 trillion, with trading volume dropping 8.08% to US$35.49 billion, according to CoinMarketCap data. Azuki Elementals NFTs take off The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index dipped 0.79% to 2,876.23 in the 24 hours to 8:30 a.m. in Hong Kong. The index is down 0.72% for the week. The decline was mainly driven by the Forkast ETH NFT Composite, which fell 1.54%, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “This may reflect traders selling their existing assets to buy the new Azuki Elementals collection,” Petscher added. “It also reflects a major sell-off in the main Azuki and Beanz collections, as traders had been buying those in order to have a shot at the [Elementals] presale [on Tuesday].” NFT trading volume on Ethereum jumped 307% to US$67.19 million over the past 24 hours, while volume on the Bitcoin network fell 81.61% to US$1.56 million, according to CryptoSlam data . “As expected, Azuki exploded and gave Ethereum its biggest day of sales volume of the year,” Petscher said, adding that with wash trades removed, it should be the most sales since May 2022 when Otherdeeds NFTs were minted. Notably, CryptoSlam’s top four collections by trading volume are all Azuki-related collections. The new Azuki Elemental Beans collection saw total transactions of about US$36.36 million with the new Azuki Elementals recording US$4.87 million. “It’s worth noting that these big volume days may be healthy, but big mints also extract liquidity from the ecosystem,” Petscher said Tuesday on Twitter. “Will we see some big secondary sales that then flow back into existing projects or will this be another cycle of liquidity being extracted?” Asia stocks mixed, China industrial profits sink Chinese Premier Li Qiang. Image: Getty Images Asia equity markets were mixed on Wednesday morning following Wall Street’s overnight rally mainly driven by rebounding home sales and strengthened consumer confidence . However, U.S. stock futures edged lower as of 10:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped 0.04%, S&P 500 futures slipped 0.16%, and Nasdaq Futures dropped 0.36%. In China, profits at industrial firms sank 18.8% in the first five months of this year, on the back of a slowing post-Covid economic recovery, according to official data released Wednesday. Premier Li Qiang said at the so-called Summer Davos Forum on Tuesday in China that the country was still on track to hit its annual growth target of around 5%. “GDP grew by 4.5% in the first quarter year-on-year, and is expected to expand faster in the second quarter than in the first,” Li said. Elsewhere in the region, South Korea’s consumer sentiment index climbed in June to beat expectations and reach the highest since May last year. In Australia inflation eased more than expected in May. Its monthly consumer price indicator rose 5.6% in the 12 months to May, the smallest increase since April 2022, the Australian Bureau of Statistics (ABS) data showed Wednesday “While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent months,” Michelle Marquardt, head of prices statistics at the ABS, said in a Wednesday statement . While the economic indicators out of the U.S. this week showed the economy is holding up despite inflation and higher interest rates, investors will hear more from Federal Reserve Chairman Jerome Powell when he speaks at events in Europe. Last week he said there may be more rate increases this year in the U.S. Powell will speak at the European Central Bank Forum in Sintra, Portugal, on Wednesday and again on Thursday at the Banco de España Fourth Conference on Financial Stability in Madrid, Spain. U.S. interest rates are now between 5% and 5.25%, the highest since 2006. The CME FedWatch Tool predicts a 76.9% chance for another 25-basis-point rate hike, and a 23.1% chance the Fed will leave rates unchanged at the next meeting on July 26. (Updates to add South Korea data in equities section.)... - Reddit Posts (Sample): [['u/karmassacre', "I've never met a single person who understood bitcoin that didn't support it", 537, '2023-07-15 13:50', 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/', "That's it. That's the post.", 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/', '150a1e8', [['u/konokonohamaru', 86, '2023-07-15 14:25', 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/js23y3d/', "I never met someone who understands and hates it. But I have met people who understand it and yet are still skeptical. For the most part, it's because they don't think the fiat system is that bad. They are all people who have done very well for themselves financially. Unsurprising then that they don't think the current system needs fixing.", '150a1e8'], ['u/IAmBullsaw', 20, '2023-07-15 16:21', 'https://www.reddit.com/r/Bitcoin/comments/150a1e8/ive_never_met_a_single_person_who_understood/js2hbqx/', "Yeah Im sure it's great, I'll join as soon as I'm able. Still, some bitcoiners are too weird for my taste, I'm probably one of them hah, but I'd love to talk Bitcoin irl without just hearing my partner complain that I talk too much and she's not interested.", '150a1e8']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["\x91I didn\x92t see the warning signs\x92: This retired San Antonio man says his wife was scammed by a \x91romantic interest\x92 online \x97 and he\x92s willing to pay up. Here\x92s what Dave Ramsey told him After a retired San Antonio man found out his wife had been the victim of an online fraudster, the news went from bad to worse: She willingly gave her money away to a \x93romantic interest.\x94 Now she\x92s on the hook for loans and credit card payments \x97 to the tune of about $50,000 \x97 at a time when the couple should be enjoying their golden years. Don't miss Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlord This janitor in Vermont built an $8M fortune without anyone around him knowing. Here are the 2 simple techniques that made Ronald Read rich \x97 and can do the same for you Millions of Americans are in massive debt in the face of rising rates. Here's how to get your head above water ASAP His wife sent small amounts of cash to a fraudster posing as a romantic interest via credit cards and gift cards, totaling between $9,000 and $10,000. But she was also manipulated into taking out two installment loans for $23,500 and $17,500. \x93I have a bunch of people tell me, \x91I would divorce her,\x92 but I\x92m not going to throw away 25 years (of marriage),\x94 the husband told best-selling author and personal finance expert Dave Ramsey on an episode of The Ramsey Show . Instead, they\x92re going to couples therapy, and the husband is making a \x93concerted effort to get this thing turned around financially and emotionally.\x94 Moving forward after a romance scam Romance scams are surprisingly common: In 2022, some 70,000 people reported they were a victim of a romance scam, according to the Federal Trade Commission, with reported losses totalling $1.3 billion. And those numbers only include those who reported being scammed; many people are too embarrassed to admit it. While the caller on The Ramsey Show can at least talk about what happened, he now has to find a way forward. Both he and his wife are retired and in their mid-70s. While they have retirement savings, their annual household income averages around $69,000. Story continues The first step, according to Ramsey, is to write a check for the smaller \x93credit card mosquitoes\x94 and close those accounts . That\x92s a gesture on the husband\x92s part \x93towards the healing that you\x92re searching for,\x94 says Ramsey. While this helps to avoid accrued interest, it\x92s also better for the husband\x92s mental state, since every time he writes a check to cover his wife\x92s debts, it \x93picks at the scab\x94 and reopens the wound of discovering an emotional affair. But Ramsey recommends holding off on paying the two larger loans while the couple goes to therapy, because \x93somehow you\x92ve got to get some checks and balances and start to incrementally rebuild trust.\x94 In situations like these, you\x92ll always be wondering in the back of your mind if it\x92ll happen again. \x93You\x92ve got to know that this is solid going forward before you write any more big checks,\x94 he says. While it\x92s a conversation the couple needs to have with their therapist, Ramsey recommended that the wife go back to work \x97 if she\x92s in good health \x97 to pay off the two installment loans. While most retirees don\x92t exactly want to go back to work in their mid-70s, this isn\x92t just about coming up with a financial solution. Rather, says Ramsey, it\x92s about taking responsibility for the emotional affair and earning back her partner\x92s trust. Read more : 3 big mistakes people make with cash back credit cards that cost them every time they swipe How to spot a romance scam Elderly divorcees and widows aren\x92t the only ones who fall prey to romance scams. Anyone who is lonely or vulnerable can be a target, including people experiencing marital problems. Romance scammers typically use social media platforms to gather details about potential targets. Then, they create a fake online identity. It\x92s the online version of a con artist, who uses the illusion of love or romance to manipulate the victim into sending money (or, in some cases, sending compromising photos which could later be used to blackmail the victim for money). While some romance scammers use online dating sites, most scams start with unsolicited private messages over social media platforms. Oftentimes, the scammer will ask to move the conversation to a messaging app like WhatsApp or Google Chat. They often tell their prey that they\x92re currently out of the country. \x93That makes it easier to avoid meeting in person \x97 and more plausible when they ask for money for a medical emergency or unexpected legal fee,\x94 according to the FBI. For example, they may claim to be stationed at a military base abroad or working at an offshore oil rig. Or, in a newer type of romance scam , they may claim to be a cryptocurrency investor, manipulating their prey into investing with cryptocurrency like Bitcoin or Ethereum (which is untraceable). Generative AI like ChatGPT will make it even easier for fraudsters to juggle multiple victims, even writing personalized scripts. However, there\x92s a common thread in all of these scams: The fraudster makes plans to meet the victim in person \x97 and may even propose marriage \x97 but always has an excuse for why that meet-up can\x92t happen. Tips for preventing a romance scam More than 60% of reported scams involve either by cryptocurrency or by bank wire, according to the Federal Trade Commission, but gift cards are the most frequently reported scam. Coming up with this money could mean taking out a loan \x97 as was the case with the wife of the caller on The Ramsey Show . While the husband \x93didn\x92t see the warning signs,\x94 there are ways you can protect yourself (or a loved one) from romance scams: Don\x92t post too many personal details online. Scammers can use that information to target you. If a stranger sends you a private DM, proceed with caution. Do a reverse image search of the person\x92s profile pictures to see if the details match up. Be wary if the person always has an excuse for why they can\x92t meet in person. Don\x92t provide your bank account information, wire money or send cryptocurrency to anyone you meet online. If you suspect you\x92ve been defrauded, your bank may be able to cancel a transfer before it happens \x97 otherwise, you\x92re on the hook. File a complaint with the FBI\x92s Internet Crime Complaint Center (IC3) . In the case of the caller on The Ramsey Show , it will be more complicated if your marriage partner falls prey to a romance scam and you only find out about it after it\x92s too late. But that\x92s a bigger issue that may require a therapist \x97 or a divorce lawyer. What to read next The US dollar has lost 98% of its purchasing power since 1971 \x97 invest in this stable asset before you lose your retirement fund 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new automobile, refrigerator, or whatever' \x97 here are 3 better recession-proof buys A 50-year-old Mom on Reddit emptied her daughter's college fund to keep her Malibu dream house \x97 the teen is 'furious.' 4 tips to retire comfortably without raiding your kid's account This article provides information only and should not be construed as advice. It is provided without warranty of any kind.", "After a retired San Antonio man found out his wife had been the victim of an online fraudster, the news went from bad to worse: She willingly gave her money away to a “romantic interest.”\nNow she’s on the hook for loans and credit card payments — to the tune of about $50,000 — at a time when the couple should be enjoying their golden years.\n• Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfoliowithout the headache of being a landlord\n• This janitor in Vermont built an $8M fortune without anyone around him knowing. Here arethe 2 simple techniques that made Ronald Read rich— and can do the same for you\n• Millions of Americans are in massive debt in the face of rising rates. Here'show to get your head above water ASAP\nHis wife sent small amounts of cash to a fraudster posing as a romantic interest via credit cards and gift cards, totaling between $9,000 and $10,000. But she was also manipulated into taking out two installment loans for $23,500 and $17,500.\n“I have a bunch of people tell me, ‘I would divorce her,’ but I’m not going to throw away 25 years (of marriage),” the husband told best-selling author and personal finance expert Dave Ramsey on anepisodeofThe Ramsey Show.\nInstead, they’re going to couples therapy, and the husband is making a “concerted effort to get this thing turned around financially and emotionally.”\nRomance scams are surprisingly common: In 2022, some 70,000 people reported they were a victim of a romance scam,according tothe Federal Trade Commission, with reported losses totalling $1.3 billion. And those numbers only include those whoreportedbeing scammed; many people are too embarrassed to admit it.\nWhile the caller onThe Ramsey Showcan at least talk about what happened, he now has to find a way forward. Both he and his wife are retired and in their mid-70s. While they have retirement savings, their annual household income averages around $69,000.\nThe first step, according to Ramsey, is to write a check for the smaller “credit card mosquitoes” andclose those accounts. That’s a gesture on the husband’s part “towards the healing that you’re searching for,” says Ramsey.\nWhile this helps to avoid accrued interest, it’s also better for the husband’s mental state, since every time he writes a check to cover his wife’s debts, it “picks at the scab” and reopens the wound of discovering an emotional affair.\nBut Ramsey recommends holding off on paying the two larger loans while the couple goes to therapy, because “somehow you’ve got to get some checks and balances and start to incrementally rebuild trust.”\nIn situations like these, you’ll always be wondering in the back of your mind if it’ll happen again. “You’ve got to know that this is solid going forward before you write any more big checks,” he says.\nWhile it’sa conversation the couple needs to havewith their therapist, Ramsey recommended that the wife go back to work — if she’s in good health — to pay off the two installment loans.\nWhile most retirees don’t exactly want togo back to workin their mid-70s, this isn’t just about coming up with a financial solution. Rather, says Ramsey, it’s about taking responsibility for the emotional affair and earning back her partner’s trust.\nRead more: 3big mistakes people make with cash back credit cardsthat cost them every time they swipe\nElderly divorcees and widows aren’t the only ones who fall prey to romance scams. Anyone who is lonely or vulnerable can be a target, including people experiencing marital problems.\nRomance scammers typically use social media platforms to gather details about potential targets. Then, they create a fake online identity. It’s the online version of a con artist, who uses the illusion of love or romance to manipulate the victim into sending money (or, in some cases, sending compromising photos which could later be used to blackmail the victim for money).\nWhile some romance scammers use online dating sites, most scams start with unsolicited private messages over social media platforms. Oftentimes, the scammer will ask to move the conversation to a messaging app like WhatsApp or Google Chat.\nThey often tell their prey that they’re currently out of the country. “That makes it easier to avoid meeting in person — and more plausible when they ask for money for a medical emergency or unexpected legal fee,”according tothe FBI.\nFor example, they may claim to be stationed at a military base abroad or working at an offshore oil rig. Or, ina newer type of romance scam, they may claim to be a cryptocurrency investor, manipulating their prey into investing with cryptocurrency like Bitcoin or Ethereum (which is untraceable).\nGenerative AI like ChatGPT will make it even easier for fraudsters to juggle multiple victims, even writing personalized scripts.\nHowever, there’s a common thread in all of these scams: The fraudster makes plans to meet the victim in person — and may even propose marriage — but always has an excuse for why that meet-up can’t happen.\nMore than 60% of reported scams involve either by cryptocurrency or by bank wire,according tothe Federal Trade Commission, but gift cards are the most frequently reported scam. Coming up with this money could mean taking out a loan — as was the case with the wife of the caller onThe Ramsey Show.\nWhile the husband “didn’t see the warning signs,” there are ways you can protect yourself (or a loved one) from romance scams:\n• Don’t post too many personal details online. Scammers can use that information to target you.\n• If a stranger sends you a private DM, proceed with caution.\n• Do a reverse image search of the person’s profile pictures to see if the details match up.\n• Be wary if the person always has an excuse for why they can’t meet in person.\n• Don’t provide your bank account information, wire money or send cryptocurrency to anyone you meet online.\n• If you suspect you’ve been defrauded, your bank may be able to cancel a transfer before it happens — otherwise, you’re on the hook.\n• File a complaint with the FBI’sInternet Crime Complaint Center (IC3).\nIn the case of the caller onThe Ramsey Show, it will be more complicated if your marriage partner falls prey to a romance scam and you only find out about it after it’s too late. But that’s a bigger issue that may require a therapist — or a divorce lawyer.\n• The US dollar has lost 98% of its purchasing power since 1971 —invest in this stable asset before you lose your retirement fund\n• 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new automobile, refrigerator, or whatever' —here are 3 better recession-proof buys\n• A 50-year-old Mom on Reddit emptied her daughter's college fund to keep her Malibu dream house — the teen is 'furious.'4 tips to retire comfortablywithout raiding your kid's account\nThis article provides information only and should not be construed as advice. It is provided without warranty of any kind.", 'The firestorm was first kindled when an obscure crypto intelligence firm called Arkham tweeted that it was opening an intelligence exchange where people could post bounties to incentivize blockchain analysts to identify the people or companies behind any wallet or transaction.\nCrypto Twitter went veritably ape and lambasted the idea.\nDecryptcovered the funniest responsesthat day. Needless to say, Arkham CEO Miguel Morel was keen to clear the air. Hesat down with uslater in the week over a Telegram call and assured us that his model wasn’t a “dox-to-earn” program and that any harmful uses would not be allowed.\nAlthough the case is most certainly not closed, the real hot topic of the week was Ripple’s courtroom victory against the SEC. A judge ruled that the sale of XRP tokens to the public was not a violation of securities laws—something that the industry long maintained.\nBefore we get onto that, however, let’s take a look at some of the other big tweets this week.\nCrypto Twitter Reacts to Arkham’s New \'Dox-to-Earn\' Intelligence Exchange\nOn Monday, Will Clemente, the founder of blockchain research firm Reflevity, pointed out a strange convergence of two important crypto milestones next year.\nAnother day, another bust for blockchain gumshoe ZachXBT. This time he was following the trail of a phishing scammer who used his purloined funds on luxury items, including a pretty loud Rolex watch, shamelessly posting pics on social media.\nBloomberg’s James Seyffart on Tuesday shared a subtle but significant amendment to the Chicago Board Options Exchange’s refiled Bitcoin ETF applications. Looks like Coinbase is everyone’s go-to partner for the “surveillance-sharing agreement” (SSA) side of the application. BlackRock and Valkyrie bothdid the same last weekin their respective applications.\nThe SEC wants to see SSAs in the ETF applications because they deter fraud and manipulation by outlining how applicants will monitor market trading activity and clearing activity and verify customer identity.\nCrypto lawyer Lewis Cohen on Wednesday tweeted a small thread about why he’s excited for a new version of the Responsible Financial Innovation Act. In a later tweet, he even suggested the U.S. still has a chance to “set the standard” in crypto legislation and outdo the European Union’s recently passed MiCA framework.\nAnother crypto lawyer, Marisa Tashman Coppel—senior counsel at pro-crypto policy lobbying group The Blockchain Association—has many questions for the SEC about Prometheum, a crypto company that suddenly appeared on the scene and has been conveniently touted as an upstanding and compliant firm by the commission.\nRepublican congressman Richie Torres called for an investigation into Prometheum the following day.\nThings went from bad to worse for the Multichain cross-chain bridge this week. The protocol has had some transactions frozensince May. In its latest announcement, it says it has shuttered operations as its CEO and his sister are in the custody of Chinese police, the team’s operational funds have been impounded, and over $200 million in customer funds is up in the air. Ouch!\nFOX business journalist Eleanor Terrett was one of the first to break the major news on Thursday that a judge ruled that XRP "isnot necessarily a securityon its face” and programmatic sales of XRP to the public did not break securities laws.\nIt’s party time, said Ripple CEO Brad Garlinghouse.\nLawyer Stephen Palley pointed out that some institutional sales of XRP ($728 million worth)didqualify as securities offerings. Later in the thread he described the event as “more of a win” than he was expecting.\nCrypto fan and streamer RookieXBT saw the ruling as a historic milestone.\nAndrew Kang, co-founder of crypto venture firm Mechanism Capital, said the news was a win for Ethereum too.\nGemini co-founder Cameron Winklevoss was overjoyed. He trash-talked the SEC back into the Mesozoic era, where it belongs—according to him. Threat neutralized.\nEleanor Terrett shared the SEC’s response, which reads like Gary Gensler smiling through gritted teeth.\nFinally, CoinGecko wanted you to know that XRP flipped BNB on Thursday. It’sno longer the case nowthough.\nWhat a week!', 'Illustration by Mitchell Preffer for Decrypt The firestorm was first kindled when an obscure crypto intelligence firm called Arkham tweeted that it was opening an intelligence exchange where people could post bounties to incentivize blockchain analysts to identify the people or companies behind any wallet or transaction. Crypto Twitter went veritably ape and lambasted the idea. Announcing The World’s First On-Chain Intelligence Exchange Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract. pic.twitter.com/4xr7dLvOjp — Arkham (@ArkhamIntel) July 10, 2023 Decrypt covered the funniest responses that day. Needless to say, Arkham CEO Miguel Morel was keen to clear the air. He sat down with us later in the week over a Telegram call and assured us that his model wasn’t a “dox-to-earn” program and that any harmful uses would not be allowed. Although the case is most certainly not closed, the real hot topic of the week was Ripple’s courtroom victory against the SEC. A judge ruled that the sale of XRP tokens to the public was not a violation of securities laws—something that the industry long maintained. Before we get onto that, however, let’s take a look at some of the other big tweets this week. Crypto Twitter Reacts to Arkham’s New \'Dox-to-Earn\' Intelligence Exchange On Monday, Will Clemente, the founder of blockchain research firm Reflevity, pointed out a strange convergence of two important crypto milestones next year. Last Bitcoin ETF decision deadline: 3/19/24 Bitcoin halving estimate: 4/16/24 👀👀 pic.twitter.com/8zxcp8TQsh — Will Clemente (@WClementeIII) July 10, 2023 Another day, another bust for blockchain gumshoe ZachXBT. This time he was following the trail of a phishing scammer who used his purloined funds on luxury items, including a pretty loud Rolex watch, shamelessly posting pics on social media. Story continues 1/ An investigation into the YouTuber turned phishing scammer Blue (Jack) who has worked with Monkey Drainer and other drainer services to steal more than $1.5m pic.twitter.com/MKRlaCuMI5 — ZachXBT (@zachxbt) July 10, 2023 Bloomberg’s James Seyffart on Tuesday shared a subtle but significant amendment to the Chicago Board Options Exchange’s refiled Bitcoin ETF applications. Looks like Coinbase is everyone’s go-to partner for the “surveillance-sharing agreement” (SSA) side of the application. BlackRock and Valkyrie both did the same last week in their respective applications. The SEC wants to see SSAs in the ETF applications because they deter fraud and manipulation by outlining how applicants will monitor market trading activity and clearing activity and verify customer identity. UPDATE: @CBOE has filed amendment\'s for all 5 of their #Bitcoin ETF applications. The one change I can find is different language about CBOE\'s SSA with Coinbase. Changing from "Expecting to enter" to "reached an agreement on terms". pic.twitter.com/25qK0x9lHg — James Seyffart (@JSeyff) July 11, 2023 Crypto lawyer Lewis Cohen on Wednesday tweeted a small thread about why he’s excited for a new version of the Responsible Financial Innovation Act. In a later tweet, he even suggested the U.S. still has a chance to “ set the standard ” in crypto legislation and outdo the European Union’s recently passed MiCA framework. 1/ So excited!!\xa0 Sen. Cynthia Lummis just announced on Squawkbox that a revised version of the Lummis-Gillibrand Responsible Financial Innovation Act is being introduced in the Senate today.\xa0 This is BIG NEWS. pic.twitter.com/PQgOoLjIXC — Lewis Cohen (@NYcryptolawyer) July 12, 2023 Another crypto lawyer, Marisa Tashman Coppel—senior counsel at pro-crypto policy lobbying group The Blockchain Association—has many questions for the SEC about Prometheum, a crypto company that suddenly appeared on the scene and has been conveniently touted as an upstanding and compliant firm by the commission. 1/ Today, the @BlockchainAssn submitted a letter to the SEC’s Inspector General calling for an investigation into the circumstances surrounding Prometheum. Although there may not be anything nefarious, suspicious circumstances beg someone to look under the hood… Key Qs 🧵👇 pic.twitter.com/Gp7bx7WD5X — Marisa Tashman Coppel (@MTCoppel) July 12, 2023 Republican congressman Richie Torres called for an investigation into Prometheum the following day. 🚨 @SECGov is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a secret. It prefers to communicate by enforcement rather than by rules or guidance. But that\'s no way to regulate digital assets. I\'m calling for an investigation. https://t.co/ZbiSk6oQ9F pic.twitter.com/n0hijAREDC — Rep. Ritchie Torres (@RepRitchie) July 13, 2023 Things went from bad to worse for the Multichain cross-chain bridge this week. The protocol has had some transactions frozen since May . In its latest announcement, it says it has shuttered operations as its CEO and his sister are in the custody of Chinese police, the team’s operational funds have been impounded, and over $200 million in customer funds is up in the air. Ouch! 1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previously Anyswap) (@MultichainOrg) July 14, 2023 Crypto Twitter basks in Ripple’s victory FOX business journalist Eleanor Terrett was one of the first to break the major news on Thursday that a judge ruled that XRP "is not necessarily a security on its face” and programmatic sales of XRP to the public did not break securities laws. 🚨BREAKING: Judge Torres says @Ripple ’s Programmatic Sales, the Other Distributions, and Larsen\'s and Garlinghouse\'s sales of #XRP do NOT constitute investment contracts. Documents and details to come. pic.twitter.com/3sTV12bleL — Eleanor Terrett (@EleanorTerrett) July 13, 2023 It’s party time, said Ripple CEO Brad Garlinghouse. (and let\'s start planning that proper party!) — Brad Garlinghouse (@bgarlinghouse) July 13, 2023 Lawyer Stephen Palley pointed out that some institutional sales of XRP ( $728 million worth ) did qualify as securities offerings. Later in the thread he described the event as “ more of a win ” than he was expecting. so basically institutional sales were securities transactions programmatic sales and distributions to employees were not court punts on whether secondary market sales are securities transactions (see footnote 16) but seems trending that way case goes to trial https://t.co/A6wIUTZhaz pic.twitter.com/97QuSAMBsf — Palley (@stephendpalley) July 13, 2023 Crypto fan and streamer RookieXBT saw the ruling as a historic milestone. this is literally better news than an ETF approval but you just don\'t get it yet — RookieXBT 🧲 (@RookieXBT) July 13, 2023 Andrew Kang, co-founder of crypto venture firm Mechanism Capital, said the news was a win for Ethereum too. XRP case files/letters actually had more positive $ETH not being non-security language than $XRP Opens the door for $ETH ETF speculation https://t.co/jvSg0Da9GA — Andrew Kang (@Rewkang) July 13, 2023 Gemini co-founder Cameron Winklevoss was overjoyed. He trash-talked the SEC back into the Mesozoic era, where it belongs—according to him. Threat neutralized. The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and @SECGov and @GaryGensler have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye pic.twitter.com/PRuumqQBEL — Cameron Winklevoss (@cameron) July 13, 2023 Eleanor Terrett shared the SEC’s response, which reads like Gary Gensler smiling through gritted teeth. 🚨BREAKING: The @SECGov responds to @FoxBusiness with a statement on today’s #Ripple ruling: pic.twitter.com/9rbggXkJSP — Eleanor Terrett (@EleanorTerrett) July 13, 2023 Finally, CoinGecko wanted you to know that XRP flipped BNB on Thursday. It’s no longer the case now though. $XRP has flipped $BNB , and is now the 4th largest cryptocurrency by market capitalization. pic.twitter.com/ZxBuVABp2M — CoinGecko (@coingecko) July 13, 2023 What a week!', 'A blockchain developer has reverse-engineered the code behind theBrazilian Central Bank Digital Currency(CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances.\nPedro Magalhaes, founder ofWeb3consulting companyIora Labs, reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation.\n“They tend to keep things closed off and usually don’t communicate with non-bankers," he toldDecrypt, although he saidhe has had some general discussions on Github about the CBDC implementation. “Honestly, they don’t even need to care about public opinion.”\nVini Barbosa, reporter for Brazilian crypto news outletPortal Do Bitcoin,took to social media to claim thathe spoke to the Brazilian authorities and confirmed Magalhaes’ findings.\n“The ability to \'freeze or arrest amounts\' held in [this system] is protected by current legislation in Brazil, according to the Central Bank," Barbosatweeted.\nBrazilian banking authorities did not respond to a request for comment fromDecrypt.\nMagalhaes, who first published the discovery on his LinkedIn profile for “educational purposes,” first thought the function would only refer toDeFior CeFi, “where it may be necessary to freeze the balances to complete asmart contractoperation”—but said the official response was that the central bank can do it any time it wants.\nBrazilians are scared, he said, due to the nation\'s financial history. In the 1990s, the country’s presidentfroze financesfor all Brazilians for 18 months.\nMagalhaes said the the only way to fight the central bank\'s excessive control over CBDC is to report it on social media.\n“They will try hard to adopt it, and they have the power to do it," the expert inEthereum’s Solidity programming language toldDecrypt. "As a blockchain developer, the only thing I\'ve been asking for is: please, provide public smart contracts and let Brazilians know what the Central Bank is doing.”', 'A blockchain developer has reverse-engineered the code behind the Brazilian Central Bank Digital Currency (CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances. Pedro Magalhaes , founder of Web3 consulting company Iora Labs , reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation. \x93They tend to keep things closed off and usually don\x92t communicate with non-bankers," he told Decrypt , although he said he has had some general discussions on Github about the CBDC implementation. \x93Honestly, they don\x92t even need to care about public opinion.\x94 Vini Barbosa , reporter for Brazilian crypto news outlet Portal Do Bitcoin , took to social media to claim thathe spoke to the Brazilian authorities and confirmed Magalhaes\x92 findings. \x93The ability to \'freeze or arrest amounts\' held in [this system] is protected by current legislation in Brazil, according to the Central Bank," Barbosa tweeted . Brazilian banking authorities did not respond to a request for comment from Decrypt . Magalhaes, who first published the discovery on his LinkedIn profile for \x93educational purposes,\x94 first thought the function would only refer to DeFi or CeFi, \x93where it may be necessary to freeze the balances to complete a smart contract operation\x94\x97but said the official response was that the central bank can do it any time it wants. Brazilians are scared, he said, due to the nation\'s financial history. In the 1990s, the country\x92s president froze finances for all Brazilians for 18 months. Magalhaes said the the only way to fight the central bank\'s excessive control over CBDC is to report it on social media. \x93They will try hard to adopt it, and they have the power to do it," the expert in Ethereum \x92s Solidity programming language told Decrypt . "As a blockchain developer, the only thing I\'ve been asking for is: please, provide public smart contracts and let Brazilians know what the Central Bank is doing.\x94 View comments', 'Bitcoin and Ethereum may be rising again, but venture capital firms continued to sour on the crypto space, according to a new report released by Galaxy Research. Crypto and blockchain firms saw $2.3 billion in investments from venture capital firms during the second quarter of this year. It represents a steep decline from the same period a year ago, when VC firms invested more than $8 billion. The crypto industry was flush with venture capital during its pandemic-era boom, drawing a record $13 billion in the first quarter of 2022. But a challenging business environment and higher interest rates have effectively reduced the deal flow flood to a small trickle—and it continues to shrink. “Capital invested has not yet found a clear bottom,” the report said. “Rising rates continue to reduce allocator appetites to bet on long-tail risk assets like venture funds.” As a result, the report notes, the sum of venture capital invested in crypto firms has now declined for the fifth quarter in a row. Crypto VC Investment Drops 70% In One Year: Report Venture capital firms play a vital role in fueling the digital assets space, investing in startups and funding their growth in exchange for equity or tokens. While the amount of cash thrown at crypto firms declined overall, the number of deals ticked upward to 456 from 439 in the first quarter, the report noted. Deals specifically involving companies building privacy and security products grew 275%. Within the crypto space, startups focused on trading, exchanges, investing, and lending attracted the most capital at $473 million. That was followed by firms centered on Web3, NFTs, Gaming, DAOs, and the metaverse, which received $442 million. Magic Eden, the cross-chain NFT marketplace, was highlighted in the report for its recent $52 million deal, which Galaxy Research said was the largest in the NFT space for the quarter. Despite regulatory headwinds, Galaxy Digital also reported that crypto startups in the U.S. continue to receive robust attention from venture capitalists, suggesting that the Securities and Exchange Commission’s recent regulatory blitz has not entirely dissuaded investors. Story continues The report noted that 45% of capital invested in crypto companies was directed at U.S.-based firms, followed by the United Kingdom at 7.5% and Singapore at 5.7%. The report added that the lack of VC activity isn’t necessarily unique to crypto, explaining that tighter monetary conditions have weighed on VC firms’ ability to raise funds for investments across the board. But the report acknowledges that other factors could also be at play, considering the bankruptcies that defined last the crypto space last year, stating “many allocators feel burned after the spectacular blowups of several venture-backed companies in 2022.”', 'Bitcoin and Ethereum may be rising again, but venture capital firms continued to sour on the crypto space, according to a newreportreleased by Galaxy Research.\nCrypto and blockchain firms saw $2.3 billion in investments from venture capital firms during the second quarter of this year. It represents a steep decline from the same period a year ago, when VC firms invested more than $8 billion.\nThe crypto industry was flush with venture capital during its pandemic-era boom, drawing a record $13 billion in the first quarter of 2022. But a challenging business environment and higher interest rates have effectively reduced the deal flow flood to a small trickle—and it continues to shrink.\n“Capital invested has not yet found a clear bottom,” the report said. “Rising rates continue to reduce allocator appetites to bet on long-tail risk assets like venture funds.”\nAs a result, the report notes, the sum of venture capital invested in crypto firms has now declined for the fifth quarter in a row.\nCrypto VC Investment Drops 70% In One Year: Report\nVenture capital firms play a vital role in fueling the digital assets space, investing in startups and funding their growth in exchange for equity or tokens.\nWhile the amount of cash thrown at crypto firms declined overall, the number of deals ticked upward to 456 from 439 in the first quarter, the report noted. Deals specifically involving companies building privacy and security products grew 275%.\nWithin the crypto space, startups focused on trading, exchanges, investing, and lending attracted the most capital at $473 million. That was followed by firms centered on Web3, NFTs, Gaming, DAOs, and the metaverse, which received $442 million.\nMagic Eden, the cross-chain NFT marketplace, was highlighted in the report for its recent $52 million deal, which Galaxy Research said was the largest in the NFT space for the quarter.\nDespite regulatory headwinds, Galaxy Digital also reported that crypto startups in the U.S. continue to receive robust attention from venture capitalists, suggesting that the Securities and Exchange Commission’s recent regulatory blitz has not entirely dissuaded investors.\nThe report noted that 45% of capital invested in crypto companies was directed at U.S.-based firms, followed by the United Kingdom at 7.5% and Singapore at 5.7%.\nThe report added that the lack of VC activity isn’t necessarily unique to crypto, explaining that tighter monetary conditions have weighed on VC firms’ ability to raise funds for investments across the board.\nBut the report acknowledges that other factors could also be at play, considering the bankruptcies that defined last the crypto space last year, stating “many allocators feel burned after the spectacular blowups of several venture-backed companies in 2022.”', 'Nukem Loans RAS AL KHAIMAH, United Arab Emirates, July 16, 2023 (GLOBE NEWSWIRE) -- Nukem Loans, an isolated lending protocol specifically designed for MEME coins, is preparing to deploy a Lending Market for Blue coin. Blue coin is derived from the well-known crypto trader "Profit Blue," who gained popularity in the crypto space for their bearish stance on Bitcoin, predicting it to fall as low as $10k. With 4,260 holders on the BNB smart chain, Blue currently has a market cap of $0.65 million, along with $0.79 million liquidity on PancakeSwap, resulting in a liquidity to market capitalization ratio of 1,215. DeFiKash, the founder of Nukem Loans, expressed confidence in Blue\'s potential to utilize all the features offered by Nukem Loans to expand their project. "With 4,260 token holders and $0.65 million collateral value, borrowers will be competing for $0.39 million worth of loans, while lenders can expect very lucrative yields and potential growth in the addressable market for Blue," stated DeFiKash. "Blue is one of those exciting new meme projects that offers something different from the standard doge narrative and does not apply any transactional taxes to each buy, sell, or transfer. We are confident that the FREE HYPE, FREE MARKETING, and FREE UTILITY that Nukem Loans offers to any project with a significant market presence on our platform will add enormous value and utility to Blue coin and its community," explained community manager Coinsigliere. "Nukem Loans gives token holders a reason to HODL Blue coin and refrain from selling by allowing them to take loans against their collateral value when needed. The leverage function brings more volume and volatility to token trading, giving more upside potential to the price action. Users can hedge their risk, trade volatility, or earn passive income by using Nukem Loans. This level of utility attracts more token holders and leads to market cap growth," added Coinsigliere. About Nukem Loans Nukem Loans, an isolated lending protocol designed specifically for high-risk meme projects with deep liquidity and large communities. After 18 months of dedicated work and over 50 iterations, Nukem Loans has perfected their smart contracts to revolutionize the industry and empower projects with strong communities but limited utility. Media Enquiries Mr S. Khan [email protected] View comments', 'RAS AL KHAIMAH, United Arab Emirates, July 16, 2023 (GLOBE NEWSWIRE) -- Nukem Loans, an isolated lending protocol specifically designed for MEME coins, is preparing to deploy a Lending Market for Blue coin.\nBlue coin is derived from the well-known crypto trader "Profit Blue," who gained popularity in the crypto space for their bearish stance on Bitcoin, predicting it to fall as low as $10k. With 4,260 holders on the BNB smart chain, Blue currently has a market cap of $0.65 million, along with $0.79 million liquidity on PancakeSwap, resulting in a liquidity to market capitalization ratio of 1,215.\nDeFiKash, the founder of Nukem Loans, expressed confidence in Blue\'s potential to utilize all the features offered by Nukem Loans to expand their project. "With 4,260 token holders and $0.65 million collateral value, borrowers will be competing for $0.39 million worth of loans, while lenders can expect very lucrative yields and potential growth in the addressable market for Blue," stated DeFiKash.\n"Blue is one of those exciting new meme projects that offers something different from the standard doge narrative and does not apply any transactional taxes to each buy, sell, or transfer. We are confident that the FREE HYPE, FREE MARKETING, and FREE UTILITY that Nukem Loans offers to any project with a significant market presence on our platform will add enormous value and utility to Blue coin and its community," explained community manager Coinsigliere.\n"Nukem Loans gives token holders a reason to HODL Blue coin and refrain from selling by allowing them to take loans against their collateral value when needed. The leverage function brings more volume and volatility to token trading, giving more upside potential to the price action. Users can hedge their risk, trade volatility, or earn passive income by using Nukem Loans. This level of utility attracts more token holders and leads to market cap growth," added Coinsigliere.\nAbout Nukem LoansNukem Loans, an isolated lending protocol designed specifically for high-risk meme projects with deep liquidity and large communities. After 18 months of dedicated work and over 50 iterations, Nukem Loans has perfected their smart contracts to revolutionize the industry and empower projects with strong communities but limited utility.\nMedia EnquiriesMr S. [email protected]', 'Chugging down the Danube in a fisherman’s boat, past the unrecognised exclave known as Liberland, it’s hard to reconcile fantasy with reality. This patch of land — lushly forested, mosquito-ridden and boggy — remains unclaimed by neighbouring Croatia and Serbia, allowing a coterie of libertarian crypto enthusiasts to claim it as a nominally-sovereign micronation. But this sleepy cartographical quirk is a far cry from the visionary design generated by Zaha Hadid Architects to represent Liberland in the Metaverse, where silhouetted avatars stroll down deforested avenues lined with grand, neo-futurist architecture. The idea of setting up an “independent” nation has always been attractive to libertarians, even though a half-century of attempts to establish tax-free idylls have produced no tangible results beyond angering locals and wasting the pocket change of billionaires like Peter Thiel. Partly in response to this, the more artistic tradition of “micronations” has been overtaken by a particular trend of Bitcoin-fuelled ultra-libertarianism, which implies less a release from state repression than a form of anarcho-capitalism. This vision has more in common with Dubai’s brand of free-market authoritarianism — a vision of ultra-rich luxury and labour exploitation — than any true utopian ideal. Vit Jedlička, a ruddy-cheeked, stout-chested libertarian ideologue and self-styled President of Liberland, is as emphatic as he is energetic. “We are not a micronation, but a nation of 700,000 people, with embassies in 80 nations, and relations with countries like Haiti, Somaliland, and Malawi. We’re serious about getting Liberland set up as a country.” Never one to undersell his project, Jedlička clearly has tremendous fun barrelling around the world promoting Liberland. Nominally based out of this scrap of marshland the size of Gibraltar, but largely operating online, it’s a Web-3 nation: businesses unfettered from regulation, a skeleton state providing only basic protections, and “citizens” issued with voting credits based on the amount of voluntary tax paid. Story continues Never mind that none of those would-be citizens actually live in Liberland — instead there is a handful of activists moored downstream on a houseboat, under the close supervision of the Croatian police. Never mind that its diplomacy is rather more limited than Jedlička suggests, with the citizens of Malawi recently ridiculing their government for getting involved with a nation that is never likely to exist. The President is always ready with a litany of soon-to-be realised projects and promises, hinting at deals and meetings with billionaires and politicians. The crash in the crypto market is a blip; a Liberland houseboat has been torched, but there will be an insurance payout. Every potential threat is recast as proof his project will succeed. We first meet in a half-finished holiday camp Jedlička has purchased on the Serbian side of the river. And there is a clear tension between this “eco-village” (a “diaspora” site where Liberland’s first “settlers” will train in survival and negotiation skills) and his Serbian supporters’ frustration at the lack of a clear business plan. But, even if its “ambassadors” are paid lobbyists or random Bitcoin enthusiasts, Liberland does have more political reach than other libertarian micronations. This is partly a product of Jedlička’s gregarious personality, which has kept the project alive since it began in 2015. Due to an arcane, post-Yugoslavian boundary dispute, neither Serbia nor Croatia prefer to lay claim to the 7km 2 of territory, leaving it — Jedlička says — “terra nullia” for the taking. (The Croatian authorities disagree, tolerating the Liberlanders’ presence on their territory, but denying them access to the contested patch of land.) But this reach is also thanks to the political moment into which Jedlička announced his project. The conservative Czech politician found a natural home in the heady world of Web-3 technologies, securing capital backing (through cryptocurrency investments) and the means to place Liberland’s constitution on the blockchain in perpetuity. He generated a growing, global interest in his ultra-libertarian vision — resulting in collaborations with big-name architects, the Polkadot cryptocurrency development fund, and a host of global Bitcoin fans, including the Liberian (not Liberlandian) Consul General to Dubai, currently living on a barge just outside the UAE in imitation of Liberland’s ideals. For Jedlička, these international supporters “understand the economic potential of a truly free zone in the European Union… they like the vision, and want to watch”. He presents it as “combining aspects of the most successful states to date”, bringing together Singapore-style meritocracy, the town-hall democracy of early America, and the low-tax environment of European microstates such as Monaco or Liechtenstein. In practice, such a system would face immediate issues. As we ride rickety bikes along the course of the Danube, Jedlička says he prefers the “right to set up a lemonade stand in the street over the right to cycle down it naked”, suggesting that the freedom to practice business should trump personal liberties. Yet this approach opens the door to all manner of abuses, since those individuals or businesses able to spend the most money will also be able to determine law and policy, by securing the most voting credits. Already, in Serbia’s Liberland-linked tourist village, a promised wage of €600 a month has proved insufficient to retain the skilled workers needed to complete the camp, leaving it half-finished. The “non-aggression principle” proposed to prevent direct physical harm between Liberland citizens offers no protection of basic rights. There is no health or social care, workplace protections or minimum wage. To the Liberland activists, “welfare state” is a dirty word. Other liberties would also come under threat. The project has been troubled from the outset by the question of whether free movement of peoples would be allowed, with Liberlanders congregated in the Serbian eco-village mocking the emailed residency applications of confused Middle Easterners who mistake the country for a real polity. While Jedlička generally presents an optimistic, modernising political model, Serbian supporters who drove up from Belgrade to visit their President describe themselves as proud “conspiracy theorists”. And this isn’t libertarian trolling: they cite the Protocols of the Elders of Zion and Ku Klux Klan associate Albert Pike in arguing that the world faces an imminent race war orchestrated by the same Jewish New World Order they allege was behind the Holocaust. Given no-one actually lives in Liberland, Jedlička is free to place his trust in a notional citizens’ veto to prevent abuses of rights. But it remains unclear how a clash between libertarian ideals of free movement and the survivalist, white-nationalist inclinations of many its followers would be avoided. Jedlička is able to evade these issues through a mixture of blind confidence and the fact that his project exists only on paper — or on blockchain. A fully-fledged Liberland would resemble real-world microstates, in that it would rely on either the continued “mining” of cryptocurrencies or on accommodating international capital as a tax haven. Quoting a sympathetic, Belgrade-based think tank, Jedlička suggests a tax haven on the Danube would bring a GDP boost to neighbouring states. But other libertarian projects have failed following local opposition: the 1972 “Republic of Minerva”, an attempt to establish a microstate on reclaimed land in the ocean near Tonga, came a cropper when locals decided not to allow rich Westerners to enjoy a tax-free oasis at the expense of their fishing rights. More recently, a “seasteading” project which aimed to establish a floating utopia near Tahiti, initially backed by libertarian billionaire Peter Thiel, met a similar fate, collapsing following angry protests from locals opposing a “megalomaniacal” project with no clear benefit to the local economy. Recent attempts to establish crypto-friendly communities of expats in Puerto Rico and Central America have also foundered. Notoriously, El Salvador has witnessed a protracted effort by its president, Nayib Bukele, to force locals into using Bitcoin, while attrac Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $589,669,522,300 - Hash Rate: 415390536.6194682 - Transaction Count: 595145.0 - Unique Addresses: 732664.0 Social & AI Sentiment: - Fear & Greed Index: 0.57 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Fidelity, the investment management company with $4.5 trillion in assets under management, hassubmitted paperworkfor the Wise Origin Bitcoin Trust, a spotBitcoinETF, two weeks after the iShares division of BlackRock filed for the iShares Bitcoin Trust. The US Securities and Exchange Commission (SEC) had earlier denied Fidelity's application for the Wise Origin Bitcoin Trust in 2021. Invesco and WisdomTree have submitted their applications sinceBlackRock's spot ETF filingon June 15,while Ark Investhas modified its prior filing and is in front of the pack. Fidelity's paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation. Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,BTCremains around the $30.5K level after the news.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["A new protocol that lets people create and share digital objects on Ethereum has hit a major setback, according to its creator, who said the Ethscriptions main marketplace had been hacked. Launched last month by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a novel way to create Ethereum assets that leverage transaction “calldata” to write non-financial data to the network’s blockchain. The Ethscriptions’ protocol itself and other applications that tap the technology haven’t been impacted, Lehman said. Yet, a sizable number of Ethscriptions listed on Ethscriptions.com have been stolen, Lehman said on Twitter on Friday. “About 123 individual addresses lost a total of about 202 ethscriptions in this exploit,” he said. “Any young protocol will have bumpy landings, but this is definitely not what I meant.” https://t.co/ZcR9HKlexS Marketplace Security Incident Update In this Tweet I’m going to walk you through how the exploit happened and what we are doing about it. First, to be clear, this was not a vulnerability in the Ethscriptions Protocol. This was a vulnerability in one… pic.twitter.com/i5Q0W2PRMQ — Middlemarch (@dumbnamenumbers) July 12, 2023 In terms of value, it’s unclear exactly how much was lost in connection with the exploit. But according to data from NFT marketplace OpenSea , some inscriptions have sold for as much as 5 Ethereum or around $9,600 in the past month. Lehman told Decrypt that, regarding the Ethscriptions lost, “it’s all terrible,” but he specifically lamented the theft of Ethscription #56 , describing it as “brutal” and pointing to the rarity often ascribed to earlier artifacts. The exploit also has a particular sting, Lehman said, because it was meant to serve as an example that other marketplaces building out support for Ethscriptions could lean on. Story continues “The purpose of the marketplace was basically to help show other people how to create marketplaces and help build an ecosystem,” he said. “Unfortunately, we fell on our face in that area.” Lehman claimed responsibility for the failure, explaining the exploit could be traced to a smart contract that he and Indelible Labs co-founder Michael Hirsch created. A snippet of code allowed people to withdraw Ethscriptions that they didn't own from the marketplace. “Part of the challenge with this new protocol is that you save a bunch of money from limiting the use of smart contract storage, but then you have to be more strategic surrounding how you use contracts in cases like marketplaces,” he said. “You have to figure out a way to either give smart contracts information or make it so smart contracts don’t need that information.” The Ethscriptions.com marketplace will be relaunched once necessary changes are made to the protocol itself, according to Lehman, who said he’s been in contact with many of those impacted by the exploit. He praised them on Twitter as “the earliest adopters” of the Ethscriptions protocol. Ethscriptions are distinct compared to traditional NFTs, stored in transaction-level data as opposed to being tokens issued on Ethereum by smart contracts, like in the case of the ERC-721 token standard. According to a Dune Analytics dashboard , around 474,000 Ethscriptions have been created so far. The protocol’s emergence follows Ordinals’ rise in popularity, used for creating NFT-like assets on Bitcoin, which has led to a new wave of experimentation with crypto’s oldest coin. Lehman drew attention to the exploit on July 14. Days later, a disclaimer about the impacted state of the marketplace remains. A warning on Ethscriptions.com reads, “There is an issue with the marketplace contract! Withdraw your Ethscriptions and do not create new listings!”", "A new protocol that lets people create and share digital objects on Ethereum has hit a major setback, according to its creator, who said the Ethscriptions main marketplace had been hacked. Launched last month by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a novel way to create Ethereum assets that leverage transaction “calldata” to write non-financial data to the network’s blockchain. The Ethscriptions’ protocol itself and other applications that tap the technology haven’t been impacted, Lehman said. Yet, a sizable number of Ethscriptions listed on Ethscriptions.com have been stolen, Lehman said on Twitter on Friday. “About 123 individual addresses lost a total of about 202 ethscriptions in this exploit,” he said. “Any young protocol will have bumpy landings, but this is definitely not what I meant.” https://t.co/ZcR9HKlexS Marketplace Security Incident Update In this Tweet I’m going to walk you through how the exploit happened and what we are doing about it. First, to be clear, this was not a vulnerability in the Ethscriptions Protocol. This was a vulnerability in one… pic.twitter.com/i5Q0W2PRMQ — Middlemarch (@dumbnamenumbers) July 12, 2023 In terms of value, it’s unclear exactly how much was lost in connection with the exploit. But according to data from NFT marketplace OpenSea , some inscriptions have sold for as much as 5 Ethereum or around $9,600 in the past month. Lehman told Decrypt that, regarding the Ethscriptions lost, “it’s all terrible,” but he specifically lamented the theft of Ethscription #56 , describing it as “brutal” and pointing to the rarity often ascribed to earlier artifacts. The exploit also has a particular sting, Lehman said, because it was meant to serve as an example that other marketplaces building out support for Ethscriptions could lean on. Story continues “The purpose of the marketplace was basically to help show other people how to create marketplaces and help build an ecosystem,” he said. “Unfortunately, we fell on our face in that area.” Lehman claimed responsibility for the failure, explaining the exploit could be traced to a smart contract that he and Indelible Labs co-founder Michael Hirsch created. A snippet of code allowed people to withdraw Ethscriptions that they didn't own from the marketplace. “Part of the challenge with this new protocol is that you save a bunch of money from limiting the use of smart contract storage, but then you have to be more strategic surrounding how you use contracts in cases like marketplaces,” he said. “You have to figure out a way to either give smart contracts information or make it so smart contracts don’t need that information.” The Ethscriptions.com marketplace will be relaunched once necessary changes are made to the protocol itself, according to Lehman, who said he’s been in contact with many of those impacted by the exploit. He praised them on Twitter as “the earliest adopters” of the Ethscriptions protocol. Ethscriptions are distinct compared to traditional NFTs, stored in transaction-level data as opposed to being tokens issued on Ethereum by smart contracts, like in the case of the ERC-721 token standard. According to a Dune Analytics dashboard , around 474,000 Ethscriptions have been created so far. The protocol’s emergence follows Ordinals’ rise in popularity, used for creating NFT-like assets on Bitcoin, which has led to a new wave of experimentation with crypto’s oldest coin. Lehman drew attention to the exploit on July 14. Days later, a disclaimer about the impacted state of the marketplace remains. A warning on Ethscriptions.com reads, “There is an issue with the marketplace contract! Withdraw your Ethscriptions and do not create new listings!”", 'Good morning. Here’s what’s happening:\nPrices:Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K.\nInsights:The robust influx into Toronto\'s Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies with pending BTC applications with the SEC.\nCoinDesk Market Index (CMI)\n1,268\n−4.5▼0.4%\nBitcoin (BTC)\n$30,298\n+11.7▲0.0%\nEthereum (ETH)\n$1,927\n−5.2▼0.3%\nS&P 500\n4,505.42\n−4.6▼0.1%\nGold\n$1,958\n−2.5▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,268", "\\u22124.5\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,298", "+11.7\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,927", "\\u22125.2\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,505.42", "\\u22124.6\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Above $30K\nAs Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark.\nThe world’s largest digital asset is currently at $30,298, flat over the last 24 hours,according to CoinDesk data, whileether is also changing hands sideways at $1,927.\nLast week’s unexpected rally in crypto prices came from afavorable rulinga court handed down in the Ripple-SEC case, but Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said in a note that after the market overheated and “corrections are to be expected”.\nDiPasquale wrote that if there is a correction, “we are unlikely to see Bitcoin trading below $27K for long” and the “market is likely to consolidate around the current zone for now.”\nThe question is, where does the market go from here? Last week was already a busy week with the scheduled economic data releases, and became even more so with market movement from the XRP-led altcoin rally.\n“Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week\'s price movement, their enthusiasm to participate in the market is likely to increase.”\nCurrently, despite fewer short positions, Bitcoin\'s price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins\' trading volumes are set to increase.\nData from Coinglassshows that the number of short positions are climbing steadily in the early hours of Asia’s Monday business day, with$21 million in long positions liquidatedin the last 12 hours versus $8.21 million in short positions.\nThis could be part of a consolidation move to maintain bitcoin at the $30,000 mark, instead of allowing it to breakaway and move upwards.\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.5%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.7%", "DACS Sector": "Computing"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22123.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Rising Flows Into Purpose’s Spot Bitcoin ETF Mean?\nAn approval of a spot bitcoin ETF by the Securities and Exchange Commission (SEC)is looking likely, and an optimistic marketmeans bitcoin is rallying.\nIf – or when – the SEC finally approves a spot bitcoin ETF it won\'t be the world’s first, however. That honor goes to Ontario, Canada, where Purpose Investments holds the title of having the world’s first bitcoin ETF, beingapproved by the Ontario Securities Commissionin 2021.\nGlassnodeflow datashows that investors continue to pile into Purpose’s bitcoin ETF, BTCC, with a next 5638 BTC moving in the ETF in June and July. This growth has not only given Purpose a head-start on potential competition, but more importantly, strongly suggests a voracious appetite among average investors for a spot ETF bitcoin product.\nData from Factset shows that BTCC, the largest of Ontario’s bitcoin ETFs, is almost entirely held by retail traders, with only 0.03% institutional ownership – one single firm called Yorkville Asset Management.\nWith these two data points, it’s safe to say that retail enthusiasm for bitcoin as an ETF-grade asset is vibrant. Being a first mover has a significant advantage.\nAlmost all Canadian brokerages have access to U.S. listed stocks, while U.S. availability of Canadian stocks is limited. Or, one can put it like this: Canadians could easily ditch Toronto-listed BTCC and buy U.S. spot bitcoin ETFs, but American retail traders aren’t really buying up north.\nWhich is why this continued fund flow is interesting. It demonstrates that there’s a huge advantage for being first in this market, as the customer base isn’t likely going to be moving to the competition. Rather, they are buying more.\nDuring a recent interviewonETF.com’s Exchange Traded Fridays, 21Shares’ Ophelia Snyder spoke about this first-mover advantage.\nWithin the market for bitcoin futures ETFs, “the difference between the first market and the second market was a couple of days, and the first-place product has about a billion dollars in assets, while the second place has less than 100 million,” she said.\nNobody expects a Toronto-listed ETF to have larger assets under management than a U.S. counterpart. But with $852.5 million USD ($1.1 billion CAD) in AUM, Purpose’s BTCC is no slouch, and it\'s still growing.\nYet Purpose’s first-mover advantage is hardly likely to be winner-take-all.\nEthereum Community Conference\n10 a.m. HKT/SGT(2 a.m. UTC):China Gross Domestic Project (June/MoM/YoY)\n10 a.m. HKT/SGT(2 a.m. UTC):China Industrial Production (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Surges After Court Ruling; Ex-Celsius CEO Mashinsky\'s Bail Set at $40M\nXRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and attorney Alex Damsker shared their respective legal opinions on Ripple\'s partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discussed his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace.\nCrypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil:“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.\nXRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets:Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory.\nRipple\'s Legal Win Means It\'s Time for Crypto to Stand Up to the SEC:The company\'s partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues.\nHollywood’s Angry Creators Show Why Web3 Is Needed:Web2 economics don’t work for artists and writers, says CoinDesk\'s Michael Casey.\nTransparency for the Whales, Privacy for the Plebs:Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Good morning. Here’s what’s happening: Prices: Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K. Insights: The robust influx into Toronto\'s Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies with pending BTC applications with the SEC. Prices CoinDesk Market Index (CMI) 1,268 −4.5 ▼ 0.4% Bitcoin (BTC) $30,298 +11.7 ▲ 0.0% Ethereum (ETH) $1,927 −5.2 ▼ 0.3% S&P 500 4,505.42 −4.6 ▼ 0.1% Gold $1,958 −2.5 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,268 −4.5 ▼ 0.4% Bitcoin (BTC) $30,298 +11.7 ▲ 0.0% Ethereum (ETH) $1,927 −5.2 ▼ 0.3% S&P 500 4,505.42 −4.6 ▼ 0.1% Gold $1,958 −2.5 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Steady Above $30K As Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark. The world’s largest digital asset is currently at $30,298, flat over the last 24 hours, according to CoinDesk data , while ether is also changing hands sideways at $1,927 . Last week’s unexpected rally in crypto prices came from a favorable ruling a court handed down in the Ripple-SEC case, but Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said in a note that after the market overheated and “corrections are to be expected”. DiPasquale wrote that if there is a correction, “we are unlikely to see Bitcoin trading below $27K for long” and the “market is likely to consolidate around the current zone for now.” The question is, where does the market go from here? Last week was already a busy week with the scheduled economic data releases, and became even more so with market movement from the XRP-led altcoin rally. Story continues “Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week\'s price movement, their enthusiasm to participate in the market is likely to increase.” Currently, despite fewer short positions, Bitcoin\'s price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins\' trading volumes are set to increase. Data from Coinglass shows that the number of short positions are climbing steadily in the early hours of Asia’s Monday business day, with $21 million in long positions liquidated in the last 12 hours versus $8.21 million in short positions. This could be part of a consolidation move to maintain bitcoin at the $30,000 mark, instead of allowing it to breakaway and move upwards. Biggest Gainers Asset Ticker Returns DACS Sector Stellar XLM +4.5% Smart Contract Platform XRP XRP +4.5% Currency Solana SOL +1.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −3.8% Smart Contract Platform Chainlink LINK −3.7% Computing Avalanche AVAX −3.5% Smart Contract Platform Insights What Do Rising Flows Into Purpose’s Spot Bitcoin ETF Mean? An approval of a spot bitcoin ETF by the Securities and Exchange Commission (SEC) is looking likely , and an optimistic market means bitcoin is rallying . If – or when – the SEC finally approves a spot bitcoin ETF it won\'t be the world’s first, however. That honor goes to Ontario, Canada, where Purpose Investments holds the title of having the world’s first bitcoin ETF, being approved by the Ontario Securities Commission in 2021. Glassnode flow data shows that investors continue to pile into Purpose’s bitcoin ETF, BTCC, with a next 5638 BTC moving in the ETF in June and July. This growth has not only given Purpose a head-start on potential competition, but more importantly, strongly suggests a voracious appetite among average investors for a spot ETF bitcoin product. (Glassnode) Data from Factset shows that BTCC, the largest of Ontario’s bitcoin ETFs, is almost entirely held by retail traders, with only 0.03% institutional ownership – one single firm called Yorkville Asset Management. With these two data points, it’s safe to say that retail enthusiasm for bitcoin as an ETF-grade asset is vibrant. Being a first mover has a significant advantage. Almost all Canadian brokerages have access to U.S. listed stocks, while U.S. availability of Canadian stocks is limited. Or, one can put it like this: Canadians could easily ditch Toronto-listed BTCC and buy U.S. spot bitcoin ETFs, but American retail traders aren’t really buying up north. Which is why this continued fund flow is interesting. It demonstrates that there’s a huge advantage for being first in this market, as the customer base isn’t likely going to be moving to the competition. Rather, they are buying more. During a recent interview on ETF.com ’s Exchange Traded Fridays, 21Shares’ Ophelia Snyder spoke about this first-mover advantage. Within the market for bitcoin futures ETFs, “the difference between the first market and the second market was a couple of days, and the first-place product has about a billion dollars in assets, while the second place has less than 100 million,” she said. Nobody expects a Toronto-listed ETF to have larger assets under management than a U.S. counterpart. But with $852.5 million USD ($1.1 billion CAD) in AUM, Purpose’s BTCC is no slouch, and it\'s still growing. Yet Purpose’s first-mover advantage is hardly likely to be winner-take-all. Important events. Ethereum Community Conference 10 a.m. HKT/SGT(2 a.m. UTC): China Gross Domestic Project (June/MoM/YoY) 10 a.m. HKT/SGT(2 a.m. UTC): China Industrial Production (June/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : XRP Surges After Court Ruling; Ex-Celsius CEO Mashinsky\'s Bail Set at $40M XRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and attorney Alex Damsker shared their respective legal opinions on Ripple\'s partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discussed his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace. Headlines Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil: “Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said. XRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets: Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory. Ripple\'s Legal Win Means It\'s Time for Crypto to Stand Up to the SEC: The company\'s partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues. Hollywood’s Angry Creators Show Why Web3 Is Needed: Web2 economics don’t work for artists and writers, says CoinDesk\'s Michael Casey. Transparency for the Whales, Privacy for the Plebs: Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy .', 'Good morning. Here’s what’s happening:\nPrices:Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K.\nInsights:The robust influx into Toronto\'s Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies with pending BTC applications with the SEC.\nCoinDesk Market Index (CMI)\n1,268\n−4.5▼0.4%\nBitcoin (BTC)\n$30,298\n+11.7▲0.0%\nEthereum (ETH)\n$1,927\n−5.2▼0.3%\nS&P 500\n4,505.42\n−4.6▼0.1%\nGold\n$1,958\n−2.5▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,268", "\\u22124.5\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,298", "+11.7\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,927", "\\u22125.2\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,505.42", "\\u22124.6\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22122.5\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Holds Steady Above $30K\nAs Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark.\nThe world’s largest digital asset is currently at $30,298, flat over the last 24 hours,according to CoinDesk data, whileether is also changing hands sideways at $1,927.\nLast week’s unexpected rally in crypto prices came from afavorable rulinga court handed down in the Ripple-SEC case, but Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said in a note that after the market overheated and “corrections are to be expected”.\nDiPasquale wrote that if there is a correction, “we are unlikely to see Bitcoin trading below $27K for long” and the “market is likely to consolidate around the current zone for now.”\nThe question is, where does the market go from here? Last week was already a busy week with the scheduled economic data releases, and became even more so with market movement from the XRP-led altcoin rally.\n“Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week\'s price movement, their enthusiasm to participate in the market is likely to increase.”\nCurrently, despite fewer short positions, Bitcoin\'s price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins\' trading volumes are set to increase.\nData from Coinglassshows that the number of short positions are climbing steadily in the early hours of Asia’s Monday business day, with$21 million in long positions liquidatedin the last 12 hours versus $8.21 million in short positions.\nThis could be part of a consolidation move to maintain bitcoin at the $30,000 mark, instead of allowing it to breakaway and move upwards.\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.5%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.7%", "DACS Sector": "Computing"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22123.5%", "DACS Sector": "Smart Contract Platform"}]\nWhat Do Rising Flows Into Purpose’s Spot Bitcoin ETF Mean?\nAn approval of a spot bitcoin ETF by the Securities and Exchange Commission (SEC)is looking likely, and an optimistic marketmeans bitcoin is rallying.\nIf – or when – the SEC finally approves a spot bitcoin ETF it won\'t be the world’s first, however. That honor goes to Ontario, Canada, where Purpose Investments holds the title of having the world’s first bitcoin ETF, beingapproved by the Ontario Securities Commissionin 2021.\nGlassnodeflow datashows that investors continue to pile into Purpose’s bitcoin ETF, BTCC, with a next 5638 BTC moving in the ETF in June and July. This growth has not only given Purpose a head-start on potential competition, but more importantly, strongly suggests a voracious appetite among average investors for a spot ETF bitcoin product.\nData from Factset shows that BTCC, the largest of Ontario’s bitcoin ETFs, is almost entirely held by retail traders, with only 0.03% institutional ownership – one single firm called Yorkville Asset Management.\nWith these two data points, it’s safe to say that retail enthusiasm for bitcoin as an ETF-grade asset is vibrant. Being a first mover has a significant advantage.\nAlmost all Canadian brokerages have access to U.S. listed stocks, while U.S. availability of Canadian stocks is limited. Or, one can put it like this: Canadians could easily ditch Toronto-listed BTCC and buy U.S. spot bitcoin ETFs, but American retail traders aren’t really buying up north.\nWhich is why this continued fund flow is interesting. It demonstrates that there’s a huge advantage for being first in this market, as the customer base isn’t likely going to be moving to the competition. Rather, they are buying more.\nDuring a recent interviewonETF.com’s Exchange Traded Fridays, 21Shares’ Ophelia Snyder spoke about this first-mover advantage.\nWithin the market for bitcoin futures ETFs, “the difference between the first market and the second market was a couple of days, and the first-place product has about a billion dollars in assets, while the second place has less than 100 million,” she said.\nNobody expects a Toronto-listed ETF to have larger assets under management than a U.S. counterpart. But with $852.5 million USD ($1.1 billion CAD) in AUM, Purpose’s BTCC is no slouch, and it\'s still growing.\nYet Purpose’s first-mover advantage is hardly likely to be winner-take-all.\nEthereum Community Conference\n10 a.m. HKT/SGT(2 a.m. UTC):China Gross Domestic Project (June/MoM/YoY)\n10 a.m. HKT/SGT(2 a.m. UTC):China Industrial Production (June/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Surges After Court Ruling; Ex-Celsius CEO Mashinsky\'s Bail Set at $40M\nXRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and attorney Alex Damsker shared their respective legal opinions on Ripple\'s partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discussed his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace.\nCrypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil:“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.\nXRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets:Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory.\nRipple\'s Legal Win Means It\'s Time for Crypto to Stand Up to the SEC:The company\'s partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues.\nHollywood’s Angry Creators Show Why Web3 Is Needed:Web2 economics don’t work for artists and writers, says CoinDesk\'s Michael Casey.\nTransparency for the Whales, Privacy for the Plebs:Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.', 'Having slipped over the weekend, Bitcoin rose to trade at over US$30,300 on Monday morning in Asia. The price has now reverted to around the level posted last Thursday \x97 prior to XRP issuer Ripple\x92s favorable ruling in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The partial victory led to significant gains for a number of top 10 non-stablecoin cryptocurrencies, with XRP still leading the gains. U.S. stock futures edged lower as investors await earnings reports from major banks. Bitcoin falls back Bitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according to data from CryptoMarketCap. However, the world\x92s largest cryptocurrency was trading at\xa0around US$31,300 early Saturday morning. Following that weekend high, the token\x92s price reverted to roughly its pre-Ripple ruling level. In a summary judgment Thursday, New York Southern District Court Judge Analisa Torres ruled that Ripple\x92s programmatic sales of the XRP token on public exchanges do not constitute securities. The regulator first sued the San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020. The ruling was deemed something of a partial victory for Ripple, however, as the court ruled that XRP sales to institutional investors did violate securities laws. \x93There will be further court proceedings on that part \x85 It is also not yet known if the SEC will appeal to the ruling,\x94 said Caroline Bowler, CEO of Australia-based crypto exchange BTC Markets, in emailed comments. Therefore, there remains the \x93potential for more insecurity ahead for Ripple,\x94 Bowler added. Nonetheless, Ripple Labs\x92 XRP led the gainers Monday morning in Asia. It rose 5.58% to US$0.7577 for a weekly surge of 61.56%. Meanwhile, the SEC has added BlackRock\x92s application for a spot Bitcoin exchange-traded fund (ETF) to its official docket . That decision means that the regulator will now review the proposal in a serious manner. Story continues Blackrock, the world\x92s largest asset manager with over US$9 trillion in assets, filed the application a little less than a month ago. The move saw the token\x92s value breach the US$31,000 resistance level earlier this month as multiple major asset managers followed suit with similar ETF proposals. Ether also gained 0.20% to US$1,934.09, rising 3.81% in the past seven days. Other top 10 non-stablecoin cryptocurrencies were mixed. The day\x92s biggest losses were logged by Dogecoin, which dipped 2.53% to US$0.07. However, the token still recorded gains of 6.89% for the week. Cardano\x92s ADA also fell 2.52% to US$0.3185, limiting the coin\x92s weekly gain to 12.08%. Similarly, Binance\x92s BNB lost 2.43% to US$244.95. It is nonetheless trading at 4.68% higher than a week ago. The total crypto market capitalization rose 0.16% in the past 24 hours to US$1.22 trillion, while trading volume fell 11.97% to US$24.91 billion. Token-gated access for the super-rich and The Flash via NFT The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the main Forkast 500 NFT index edged up 0.50% in the past 24 hours to 2,736.37 as of 09:30 a.m. in Hong Kong. However, the index is down 0.40% for\xa0 the week. Forkast\x92s Solana and Cardano NFT market indices also moved higher, while the Ethereum and Polygon indices dropped. \x93NFTs continue to ride the wave of positive news and positive prices in crypto,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93However we\x92re not seeing any noteworthy gains in projects and instead most of the big names are still down for the past 7 days.\x94 That is despite some large CryptoPunk and Bored Ape Yacht Club (BAYC) sales in the past week. Those sales included BAYC #1734, which sold for $1.2m (600ETH), CryptoPunk #8531 for $1m (550 ETH), and CryptoPunk #9476 for $403k (217.5 ETH). \x93Big sales sometimes trickle liquidity to other projects, but in this case, the seller may be pocketing their gains or investing in crypto, where opportunities seem brighter at the moment,\x94 Petscher said. In the past 24 hours, the total NFT transaction volume dipped 10.93% to US$16.58 million, according to data from CryptoSlam . ImmutableX\x92s Gods Unchained Cards, the collection of NFTs used in Immutable\x92s trading card game of the same name, topped the 24-hour transaction volume, despite edging down 0.43% to US$690,896. Ethereum-based NFT staple BAYC placed second in Cryptoslam\x92s collections ranking. Its total transaction volume rose 1.34% to US$660,415 in the past 24 hours. Bored Ape creator Yuga Labs announced last week that it will hold ApeFest \x97 a celebratory event of its successful NFT collections \x97 in Hong Kong in November. ApeFest is going global. Hong Kong. Nov 3-5, 2023. https://t.co/Fxgb7RuVek pic.twitter.com/X2QVVd7Qxr \x97 Bored Ape Yacht Club (@BoredApeYC) July 13, 2023 Meanwhile, non-blockchain sectors are also displaying increased NFT activity. . Indosuez, the global wealth management subsidiary of major French bank Crédit Agricole, launched a private NFT membership club last week named Le Clu3. The club will cater to super-rich clients by offering token-gated access to secret sections of its website, among other otherwise off-limits experiences. Crédit Agricole had roughly US$2.712 trillion in assets under management in 2022. Elsewhere, Warner Bros. Discovery, Inc. \x97 the American entertainment conglomerate with over US$30 billion in market capitalization \x97 has announced that it will launch its upcoming superhero film \x93The Flash\x94 via NFT. The launch is hosted by the Eluvio blockchain and will allow user access to the film itself, collectibles, bonus features and character artwork. It\x92s official, The Flash is the first new release movie to hit the blockchain! pic.twitter.com/sScukkA6Fw \x97 Warner Bros. Digital Collectibles (@WarnerBrosNFT) July 14, 2023 Stock futures reflect positive investor sentiment Image: Envato Elements U.S. stock futures edged down by less than 0.1% as of 11:50 a.m. in Hong Kong after the three major U.S. indexes closed mixed in regular Friday trading. The three indexes all rose by around 2% to 3% last week. Following the latest release of U.S. inflation data on July 12, which came in softer than expected, investors are hopeful that the U.S. Federal Reserve\x92s extended round of interest rate hikes may soon draw to a close. However, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro, believes that recent positive investor sentiment may backfire. \x93The Fed has made sharp reversals before, but always after a spike in market volatility,\x94 Kuptsikevich said. \x93Steadily rising stock prices are more likely to spur the central bank to tighten monetary policy further,\x94 he added. The Fed is still looking to add more to its current interest rate of 5% to 5.25%. Christopher Waller, a member of the Federal Reserve Board of Governors, said last week at an event hosted by New York University that the central bank will need to enact two more 25-basis-point rate increases this year to tame inflation. \x93The robust strength of the labor market and the solid overall performance of the U.S. economy gives us room to tighten policy further,\x94 Waller said during the speech. \x93If inflation does not continue to show progress and there are no suggestions of a significant slowdown in economic activity, then a second 25-basis-point hike should come sooner rather than later, but that decision is for the future,\x94 Waller continued. The Federal Reserve meets on July 26 to discuss its next move on rates. The CME FedWatch Tool predicts a 96.1% chance the Fed will enact a 25-basis-point rate increase this month, up from 92.4% on Friday. Last week\x92s earnings reports from major U.S. banks JPMorgan, Wells Fargo and Citigroup added to the increasingly hopeful market sentiment. Investors now await reports from financial heavyweights including the Bank of America Corporation, Morgan Stanley & Co. and The Goldman Sachs Group. Earnings reports from Netflix, Tesla and United Airlines are also due Wednesday. Meanwhile, major stock indexes across Asia fell on Monday as China posted lower-than-expected economic growth of 6.3% for Q2. China\x92s Shanghai Composite, Japan\x92s Nikkei and South Korea\x92s Kospi all posted losses as of 12:00 p.m. in Hong Kong. (Updates to add equity section)', 'Having slipped over the weekend, Bitcoin rose to trade at over US$30,300 on Monday morning in Asia. The price has now reverted to around the level posted last Thursday — prior to XRP issuer Ripple’s favorable ruling in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The partial victory led to significant gains for a number of top 10 non-stablecoin cryptocurrencies, with XRP still leading the gains. U.S. stock futures edged lower as investors await earnings reports from major banks.\nBitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according todatafrom CryptoMarketCap.\nHowever, the world’s largest cryptocurrency was trading at\xa0around US$31,300 early Saturday morning. Following that weekend high, the token’s price reverted to roughly its pre-Ripple ruling level.\nIn asummary judgmentThursday, New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities. The regulator first sued the San Francisco-based financial technology firm on the grounds that XRP constitutes a security in 2020.\nThe ruling was deemed something of apartial victoryfor Ripple, however, as the court ruled that XRP sales to institutional investors did violate securities laws.\n“There will be further court proceedings on that part … It is also not yet known if the SEC will appeal to the ruling,” said Caroline Bowler, CEO of Australia-based crypto exchange BTC Markets, in emailed comments. Therefore, there remains the “potential for more insecurity ahead for Ripple,” Bowler added.\nNonetheless, Ripple Labs’ XRP led the gainers Monday morning in Asia. It rose 5.58% to US$0.7577 for a weekly surge of 61.56%.\nMeanwhile, the SEC has added BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) to itsofficial docket. That decision means that the regulator will now review the proposal in a serious manner.\nBlackrock, the world’s largest asset manager with overUS$9 trillionin assets, filed the application a little less than a month ago. The move saw the token’s value breach the US$31,000 resistance level earlier this month as multiple major asset managers followed suit with similar ETF proposals.\nEther also gained 0.20% to US$1,934.09, rising 3.81% in the past seven days.\nOther top 10 non-stablecoin cryptocurrencies were mixed. The day’s biggest losses were logged by Dogecoin, which dipped 2.53% to US$0.07. However, the token still recorded gains of 6.89% for the week.\nCardano’s ADA also fell 2.52% to US$0.3185, limiting the coin’s weekly gain to 12.08%. Similarly, Binance’s BNB lost 2.43% to US$244.95. It is nonetheless trading at 4.68% higher than a week ago.\nThe total crypto market capitalization rose 0.16% in the past 24 hours to US$1.22 trillion, while trading volume fell 11.97% to US$24.91 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the main Forkast 500 NFT index edged up 0.50% in the past 24 hours to 2,736.37 as of 09:30 a.m. in Hong Kong. However, the index is down 0.40% for\xa0 the week. Forkast’s Solana and Cardano NFT market indices also moved higher, while the Ethereum and Polygon indices dropped.\n“NFTs continue to ride the wave of positive news and positive prices in crypto,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “However we’re not seeing any noteworthy gains in projects and instead most of the big names are still down for the past 7 days.”\nThat is despite some large CryptoPunk and Bored Ape Yacht Club (BAYC) sales in the past week. Those sales included BAYC #1734, which sold for $1.2m (600ETH), CryptoPunk #8531 for $1m (550 ETH), and CryptoPunk #9476 for $403k (217.5 ETH).\n“Big sales sometimes trickle liquidity to other projects, but in this case, the seller may be pocketing their gains or investing in crypto, where opportunities seem brighter at the moment,” Petscher said.\nIn the past 24 hours, the total NFT transaction volume dipped 10.93% to US$16.58 million, according to data fromCryptoSlam.\nImmutableX’s Gods Unchained Cards, the collection of NFTs used in Immutable’s trading card game of the same name, topped the 24-hour transaction volume, despite edging down 0.43% to US$690,896.\nEthereum-based NFT staple BAYC placed second in Cryptoslam’s collections ranking. Its total transaction volume rose 1.34% to US$660,415 in the past 24 hours. Bored Ape creator Yuga Labs announced last week that it will hold ApeFest — a celebratory event of its successful NFT collections — in Hong Kong in November.\nMeanwhile, non-blockchain sectors are also displaying increased NFT activity. .\nIndosuez, the global wealth management subsidiary of major French bank Crédit Agricole, launched a private NFT membership club last week named Le Clu3. The club will cater to super-rich clients by offeringtoken-gated accessto secret sections of its website, among other otherwise off-limits experiences. Crédit Agricole had roughlyUS$2.712 trillionin assets under management in 2022.\nElsewhere, Warner Bros. Discovery, Inc. — the American entertainment conglomerate with over US$30 billion inmarket capitalization— has announced that it will launch its upcoming superhero film “The Flash” via NFT. The launch is hosted by the Eluvio blockchain and will allow user access to the film itself, collectibles, bonus features and character artwork.\nU.S. stock futures edged down by less than 0.1% as of 11:50 a.m. in Hong Kong after the three major U.S. indexes closed mixed in regular Friday trading.\nThe three indexes all rose by around 2% to 3% last week. Following the latest release of U.S. inflation data on July 12, which came in softer than expected, investors are hopeful that the U.S. Federal Reserve’s extended round of interest rate hikes may soon draw to a close.\nHowever, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro, believes that recent positive investor sentiment may backfire.\n“The Fed has made sharp reversals before, but always after a spike in market volatility,” Kuptsikevich said. “Steadily rising stock prices are more likely to spur the central bank to tighten monetary policy further,” he added.\nThe Fed is still looking to add more to its current interest rate of 5% to 5.25%. Christopher Waller, a member of the Federal Reserve Board of Governors,saidlast week at an event hosted by New York University that the central bank will need to enact two more 25-basis-point rate increases this year to tame inflation.\n“The robust strength of the labor market and the solid overall performance of the U.S. economy gives us room to tighten policy further,” Waller said during the speech.\n“If inflation does not continue to show progress and there are no suggestions of a significant slowdown in economic activity, then a second 25-basis-point hike should come sooner rather than later, but that decision is for the future,” Waller continued.\nThe Federal Reserve meets on July 26 to discuss its next move on rates. TheCME FedWatchTool predicts a 96.1% chance the Fed will enact a 25-basis-point rate increase this month, up from 92.4% on Friday.\nLast week’s earnings reports from major U.S. banks JPMorgan, Wells Fargo and Citigroup added to the increasingly hopeful market sentiment. Investors now await reports from financial heavyweights including the Bank of America Corporation, Morgan Stanley & Co. and The Goldman Sachs Group. Earnings reports from Netflix, Tesla and United Airlines are also due Wednesday.\nMeanwhile, major stock indexes across Asia fell on Monday as China posted lower-than-expected economic growth of 6.3% for Q2. China’s Shanghai Composite, Japan’s Nikkei and South Korea’s Kospi all posted losses as of 12:00 p.m. in Hong Kong.\n(Updates to add equity section)', 'Having slipped over the weekend, Bitcoin rose to trade at over US$30,300 on Monday morning in Asia. The price has now reverted to around the level posted last Thursday — prior to XRP issuer Ripple’s favorable ruling in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The partial victory led to significant gains for a number of top 10 non-stablecoin cryptocurrencies, with XRP still leading the gains. U.S. stock futures edged lower as investors await earnings reports from major banks.\nBitcoin edged up 0.05% over the last 24 hours to US$30,332.54 as of 06:30 a.m. in Hong Kong for a weekly gain of 0.65%, according todatafrom CryptoMarketCa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $587,496,884,025 - Hash Rate: 364471696.6467593 - Transaction Count: 428612.0 - Unique Addresses: 703876.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens. Most Asian equities were up, while U.S. stock futures were down, pressured by the possibility of the first-ever U.S. default by June 1, unless a deal is reached to raise the government’s US$31.4 trillion debt ceiling. See related article: Governments could access Ledger wallet private keys, says CEO Bitcoin and Ether lead gains Bitcoin rose 1.14% to US$26,512 in the 24 hours to 4:30 p.m. in Hong Kong, after declining below US$27,000 on Wednesday. Ether rose 1.69% to US$1,815. “Bitcoin has doubled in price since 2023 while the Fed has been doing quantitative tightening. It definitely makes sense for Bitcoin to consolidate and then reprice to a fair value,” Johnny Louey Crypto Researcher Analyst at LiquidityTech Protocol , wrote in a LinkedIn response to Forkast . “The next catalyst for Bitcoin will be the next Federal Open Market Committee meeting in June.” Positive regulatory developments are needed to reignite bullish market momentum, according to Maia Benzimra, head of institutional marketing at decentralized finance yield platform Spool . “If the week closes with Bitcoin above US$30,000, it’s a positive sign of an upward trend. [If it closes] below US$26,000, bearish sentiment may continue.” Litecoin was the day’s biggest gainer in the top 10, rising 3.21% to US$87.16, followed by the XRP token that gained 3.09% to US$0.463. The World Economic Forum released a white paper on crypto regulation Thursday, highlighting the necessity of crypto regulations and global cooperation to prevent ambiguity and inconsistent law enforcement. Ethereum NFT sales drop after two consecutive days of gains The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index fell 0.55% to 3,344.95 points in the 24 hours to 4:30 p.m. in Hong Kong and lost 1.36% during the week. Story continues Ethereum ’s 24-hour NFT sales dropped 25% to US$13.4 million, along with the Forkast ETH NFT Composite that rose 0.09% to 1,130.52 points. Sales for the largest Ethereum-based collection, the Bored Ape Yacht Club , fell 48.16% to 1.06 million. 24-hour sales for Milady Maker also fell 11.69% to US$678,420. Yet, NFT sales on Bitcoin rose 23.76% to US$2.4 million, as 24-hour sales for $ORDI BRC-20 NFTs increased 1.37% to US$443,336, according to CryptoSlam . Looking at the most notable NFT purchase of the past 24 hours, $ORDI BRC-20 NFT #05bbe8 sold for US$339,437 at 2:33 p.m. Hong Kong time. Asian equities rise, U.S. futures slip on looming fears of a governmental default Most Asian equities strengthened on Friday, except Hong Kong’s Hang Seng Index that declined for a second consecutive day to a two-month low. Japan’s Nikkei 225 rose 0.37%, the Shanghai Composite rose 0.35% and the Shenzhen Component Index inched up 0.22%. Hong Kong’s Hang Seng Index dropped 1.93%. Global investor sentiment was weighed down by fears that the U.S. will fail to reach an agreement on raising its US$31.4 trillion debt, which could lead to a default by June 1. Lawmakers on both sides of the aisle are closing in on a deal that would raise the debt ceiling for two years while capping spending on most items. The parties are just US$70 billion apart on a total sum that would exceed US$1 trillion, an unnamed source told Reuters on Thursday . U.S. stock futures fell as of 4:30 p.m. in Hong Kong. The Dow Jones Industrial Average futures fell 0.2%, the S&P 500 futures index slipped 0.19% and the tech-heavy Nasdaq-100 futures inched down 0.025%. The U.S. dollar inched up 0.19% to near a two-month high of 104 points, set for its third straight weekly advance bolstered by expectations that U.S. interest rates will remain high for longer than expected. The euro gained 0.16% to US$1.07. Gold rose 0.69% to US$1,950 an ounce on Friday, but appeared to be heading for its third consecutive weekly decline, weighed by a rising dollar and expectations of elevated U.S. interest rates. See related article: Big buys fail to lift NFT markets as regulatory uncertainty weighs heavy on crypto... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['An ESG focused-fund manager is challenging claims from the environmental non-profit GreenpeaceUSA that Bitcoin mining is a major source of pollution and societal harm. In a report published last Tuesday, GreenpeaceUSA called on Bitcoin-friendly financial services companies—including BlackRock , Fidelity, JPMorgan, and others—to denounce Bitcoin’s “climate destruction” and encourage a code change to a “cleaner protocol” that obviates the mining industry. “All of these companies have connections to Bitcoin and have failed to take meaningful action to solve the problem despite making climate and sustainability pledges,” GreenpeaceUSA wrote. It\'s a view rejected by CH4 Capital co-founder Daniel Batten, who argues that Bitcoin is a force for environmental healing, rather than harm. “There is a growing weight of evidence from those most qualified to make the assessment to suggest that Bitcoin mining helps build out the renewable grid,” Batten wrote in a formal rebuttal to GreenpeaceUSA on Sunday. He cited Brad Jones, former interim CEO of the Electric Reliability Council of Texas (ERCOT), who has spoken about Bitcoin’s ability to make renewable energy operators more profitable, fundable, and stable. Lone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President According to Batten, many of the facts and figures used by GreenpeaceUSA to demonstrate Bitcoin’s environmental harm were misleading, if not outright false. GreenpeaceUSA "uses unsubstantiated fear about \'what might happen\' rather than evidence," he writes, saying the report is "filled with emotive language." For example, GreenpeaceUSA claimed that the mining industry is “mostly powered mostly by coal.” In fact, Batten notes, there are 41 known sustainably powered mining operations, and only one operation still uses a coal-related product. Furthermore, unlike the environmental activist group\'s claim that Bitcoin’s “climate destruction” would “accelerate” if left unchecked, Batten presented data showing that Bitcoin’s emissions are actually falling over time. Story continues “Emissions are falling despite rising hashrate due to decimation of mining in Kazakhstan and other coal-based grids,” explained Batten in a message to Decrypt . Such miners, he said, have relocated to more sustainably powered grids like those in Texas. He also cited individual public mining companies, such as Marathon , which have moved their facilities from a coal-based to wind-based standard, alongside “ flare-gas mining that reduces the overall net emissions of the bitcoin network.” Batten’s fund specifically invests in companies that aim to mine Bitcoin using purified landfill gas that would otherwise be burned and pollute the atmosphere with methane emissions. The process is a win-win for both the environment and the company’s bottom line, he writes. “Our $400 million fund will have sufficient dry powder to finance the Bitcoin network, abating more emissions than its creating, which can end ESG FUD, the major remaining barrier for both retail and institutional adoption,” Batten told Decrypt . The Bitcoin community has been largely unwelcoming to GreenpeaceUSA’s campaign , which began last year after the organization received $5 million to highlight the perils of the mining industry. When asked for his thoughts on the GreenpeaceUSA campaign and its backer, Ripple co-founder Chris Larsen, Batten refused to comment in great detail. “I\'ll let people make up their own mind about the intentions of a chair of another altcoin giving a large sum of money to help an NGO attack a rival form of cryptocurrency in Bitcoin,” he said. Editor\'s Note: This article was updated to correct Daniel Batten\'s name and clarify that he was responding to GreenpeaceUSA\'s Bitcoin mining report.', 'An ESG focused-fund manager is challenging claims from the environmental non-profit GreenpeaceUSA that Bitcoin mining is a major source of pollution and societal harm.\nIn areportpublished last Tuesday, GreenpeaceUSA called on Bitcoin-friendly financial services companies—includingBlackRock, Fidelity, JPMorgan, and others—to denounce Bitcoin’s “climate destruction” and encourage a code change to a “cleaner protocol” that obviates the mining industry.\n“All of these companies have connections to Bitcoin and have failed to take meaningful action to solve the problem despite making climate and sustainability pledges,” GreenpeaceUSA wrote.\nIt\'s a view rejected by CH4 Capital co-founder Daniel Batten, who argues that Bitcoin is a force for environmental healing, rather than harm.\n“There is a growing weight of evidence from those most qualified to make the assessment to suggest that Bitcoin mining helps build out the renewable grid,” Battenwrotein a formal rebuttal to GreenpeaceUSA on Sunday. He cited Brad Jones, former interim CEO of the Electric Reliability Council of Texas (ERCOT), who has spoken about Bitcoin’s ability to make renewable energy operators more profitable, fundable, and stable.\nLone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President\nAccording to Batten, many of the facts and figures used by GreenpeaceUSA to demonstrate Bitcoin’s environmental harm were misleading, if not outright false.\nGreenpeaceUSA "uses unsubstantiated fear about \'what might happen\' rather than evidence," he writes, saying the report is "filled with emotive language."\nFor example, GreenpeaceUSA claimed that the mining industry is “mostly powered mostly by coal.” In fact, Batten notes, there are 41 known sustainably powered mining operations, and only one operation still uses a coal-related product.\nFurthermore, unlike the environmental activist group\'s claim that Bitcoin’s “climate destruction” would “accelerate” if left unchecked, Batten presented data showing that Bitcoin’s emissions are actually falling over time.\n“Emissions are falling despite rising hashrate due to decimation of mining in Kazakhstan and other coal-based grids,” explained Batten in a message toDecrypt. Such miners, he said, have relocated to more sustainably powered grids like those in Texas.\nHe also cited individual public mining companies, such asMarathon, which have moved their facilities from a coal-based to wind-based standard, alongside “flare-gas miningthat reduces the overall net emissions of the bitcoin network.”\nBatten’s fund specifically invests in companies that aim to mine Bitcoin using purified landfill gas that would otherwise be burned and pollute the atmosphere with methane emissions. The process is a win-win for both the environment and the company’s bottom line, he writes.\n“Our $400 million fund will have sufficient dry powder to finance the Bitcoin network, abating more emissions than its creating, which can end ESG FUD, the major remaining barrier for both retail and institutional adoption,” Batten toldDecrypt.\nThe Bitcoin community has been largely unwelcoming to GreenpeaceUSA’scampaign, which began last year after the organization received $5 million to highlight the perils of the mining industry.\nWhen asked for his thoughts on the GreenpeaceUSA campaign and its backer, Ripple co-founder Chris Larsen, Batten refused to comment in great detail.\n“I\'ll let people make up their own mind about the intentions of a chair of another altcoin giving a large sum of money to help an NGO attack a rival form of cryptocurrency in Bitcoin,” he said.\nEditor\'s Note: This article was updated to correct Daniel Batten\'s name and clarify that he was responding to GreenpeaceUSA\'s Bitcoin mining report.', 'An ESG focused-fund manager is challenging claims from the environmental non-profit GreenpeaceUSA that Bitcoin mining is a major source of pollution and societal harm.\nIn areportpublished last Tuesday, GreenpeaceUSA called on Bitcoin-friendly financial services companies—includingBlackRock, Fidelity, JPMorgan, and others—to denounce Bitcoin’s “climate destruction” and encourage a code change to a “cleaner protocol” that obviates the mining industry.\n“All of these companies have connections to Bitcoin and have failed to take meaningful action to solve the problem despite making climate and sustainability pledges,” GreenpeaceUSA wrote.\nIt\'s a view rejected by CH4 Capital co-founder Daniel Batten, who argues that Bitcoin is a force for environmental healing, rather than harm.\n“There is a growing weight of evidence from those most qualified to make the assessment to suggest that Bitcoin mining helps build out the renewable grid,” Battenwrotein a formal rebuttal to GreenpeaceUSA on Sunday. He cited Brad Jones, former interim CEO of the Electric Reliability Council of Texas (ERCOT), who has spoken about Bitcoin’s ability to make renewable energy operators more profitable, fundable, and stable.\nLone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President\nAccording to Batten, many of the facts and figures used by GreenpeaceUSA to demonstrate Bitcoin’s environmental harm were misleading, if not outright false.\nGreenpeaceUSA "uses unsubstantiated fear about \'what might happen\' rather than evidence," he writes, saying the report is "filled with emotive language."\nFor example, GreenpeaceUSA claimed that the mining industry is “mostly powered mostly by coal.” In fact, Batten notes, there are 41 known sustainably powered mining operations, and only one operation still uses a coal-related product.\nFurthermore, unlike the environmental activist group\'s claim that Bitcoin’s “climate destruction” would “accelerate” if left unchecked, Batten presented data showing that Bitcoin’s emissions are actually falling over time.\n“Emissions are falling despite rising hashrate due to decimation of mining in Kazakhstan and other coal-based grids,” explained Batten in a message toDecrypt. Such miners, he said, have relocated to more sustainably powered grids like those in Texas.\nHe also cited individual public mining companies, such asMarathon, which have moved their facilities from a coal-based to wind-based standard, alongside “flare-gas miningthat reduces the overall net emissions of the bitcoin network.”\nBatten’s fund specifically invests in companies that aim to mine Bitcoin using purified landfill gas that would otherwise be burned and pollute the atmosphere with methane emissions. The process is a win-win for both the environment and the company’s bottom line, he writes.\n“Our $400 million fund will have sufficient dry powder to finance the Bitcoin network, abating more emissions than its creating, which can end ESG FUD, the major remaining barrier for both retail and institutional adoption,” Batten toldDecrypt.\nThe Bitcoin community has been largely unwelcoming to GreenpeaceUSA’scampaign, which began last year after the organization received $5 million to highlight the perils of the mining industry.\nWhen asked for his thoughts on the GreenpeaceUSA campaign and its backer, Ripple co-founder Chris Larsen, Batten refused to comment in great detail.\n“I\'ll let people make up their own mind about the intentions of a chair of another altcoin giving a large sum of money to help an NGO attack a rival form of cryptocurrency in Bitcoin,” he said.\nEditor\'s Note: This article was updated to correct Daniel Batten\'s name and clarify that he was responding to GreenpeaceUSA\'s Bitcoin mining report.', 'Good morning. Here’s what’s happening: Prices: Bitcoin sagged to its lowest level since late June, falling beneath $29,700, before recovering some lost ground. Insights: Jarek Jakubcek, Binance\'s law enforcement training head, combats global crypto scams by training law enforcement on what to look for. Prices CoinDesk Market Index (CMI) 1,265 −2.9 ▼ 0.2% Bitcoin (BTC) $30,167 −66.8 ▼ 0.2% Ethereum (ETH) $1,915 −5.8 ▼ 0.3% S&P 500 4,522.79 +17.4 ▲ 0.4% Gold $1,958 −1.7 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,265 −2.9 ▼ 0.2% Bitcoin (BTC) $30,167 −66.8 ▼ 0.2% Ethereum (ETH) $1,915 −5.8 ▼ 0.3% S&P 500 4,522.79 +17.4 ▲ 0.4% Gold $1,958 −1.7 ▼ 0.1% Nikkei 225 32,391.26 −28.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Recovers $30K The good times following Ripple\'s partial victory against the SEC in a court decision last week were a distant memory as bitcoin sank to $29,769 at one point on Monday, its lowest level since late June. But the largest cryptocurrency by market capitalization regained some lost ground to recently trade at $30,130, roughly flat over the past 24 hours, and within the range it\'s occupied for much of the past month. Bitcoin soared past $31,700 last Thursday after the U.S. District Court of the Southern District of New York ruled that Ripple\'s sale of its XRP tokens on exchanges and through algorithms did not constitute investment contracts. Analysts have suggested that bitcoin may continue to experience dips below this threshold until the SEC decides whether to approve one of the multiple spot bitcoin ETF applications that financial services giants, including BlackRock, filed last month. Those filings spurred a sharp, mid-June increase in BTC and other cryptos longing for a price catalyst. But the SEC, which has rejected a number of spot BTC applications over the past two years, is unlikely to move for months, given the unhurried pace of its previous decisions. The agency is still gathering information about the proposals. Story continues "There\'s a continued focus solely on U.S. (ETFs)," Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a phone interview with CoinDesk. "People are not going to be as optimistic until we get a further update that we\'re going to get that ETF done in the States." He added: "We may see a lot of back and forth before we get that firm sign-off (from the SEC)." Ether, the second largest crypto by market value, was recently changing hands at $1,913, off nearly a half-percentage point from Sunday, same time and well off its heights last week above $2,000. Other major cryptos, which also soared last week, sagged on Monday before rebounding slightly. XRP and ADA, the token of the Cardano smart contracts platform, were recently off 1.5% and 0.6%, respectively, while SOL, the native crypto of the Solana blockchain was down more than 2.8%. Equity markets buoyed by last week\'s encouraging second quarter earnings from a number of major banks edged up with the Nasdaq Composite and S&P 500 rising 0.9% and 0.3%, respectively. Bank of America and Goldman Sachs announce their Q2 results on Tuesday and Wednesday, respectively. In an email early Monday, Moya noted "some progress in small crypto companies finding banks that can help facilitate transactions, as Customers Bancorp has emerged as the winner from the downfall of Signature Bank and Silvergate Capital Corp." "Bitcoin’s range of $29,500 and $31,500 may hold until we get a major crypto headline," he added. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +13.3% Entertainment Chainlink LINK +9.7% Computing Terra LUNA +3.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −2.5% Smart Contract Platform Solana SOL −1.6% Smart Contract Platform XRP XRP −1.1% Currency Insights The Complicated Work of Binance’s Jarek Jakubcek There’s never a dull day for Jarek Jakubcek, head of Binance Law Enforcement Training, and a former cryptocurrency specialist in Europol Cybercrime Centre’s (EC3) Dark Web team. Based in Dubai, Jakubcek’s responsibilities are global, including the Asia Pacific region, where retail cryptocurrency adoption but also bad actors and scams have soared. "Cryptocurrencies, as practical technology, are basically bound to be abused by criminals because it is convenient and because it is practical," he said. Jakubcek spends a lot of his time training law enforcement throughout the region on gathering evidence and tracking down who’s behind these schemes – and often they are the same crooks as in traditional finance: scam centers in southeast Asia. “We all know that there is no such thing as high guaranteed profits. But to many people who are more financially naive, this may sound like a reasonable proposition,” he explains. “This is why it is really important to promote crypto literacy and raise awareness of the potential risk connected with cryptocurrencies.” Years of investigations Law enforcement has been investigating crypto crimes for years and has found a lot of operational success, thanks to blockchain\'s transparent nature. Despite its user-friendliness for everyone, including criminals, it is also beneficial for investigators as the activity is out there on-chain and not hidden in bank logs and shell corporations. Often, it’s more effective to track back wallets to exchanges and request KYC data than to rely on tracing IP addresses to telcos because of the prevalence of VPNs and other ways of masking connections. While Jakubcek spends a lot of his time working with real law enforcement from around the world, sometimes, his group encounters fraudulent requests – not necessarily always bad actors, but rather conning private investigators attempting to masquerade as cops in order to get more info for their clients. One private investigator, Jakubcek recalls, dissatisfied with an initial refusal from Binance to disclose customer data to a private individual, sent over a second request but from a fake domain name. “It was not the usual law enforcement domain, so we checked the domain, and we discovered it was registered one day prior to the request,” Jakubcek said. “It was kind of obvious that the private investigator wanted to pretend to be something that he was not.” Fake court orders and political problems Fake court orders asking for funds to be moved are another thing his team has dealt with. “We are very lucky to have a team of almost 30 ex-law enforcement people, because we know how law enforcement requests should look like," he said. A global company like Binance has a tough time avoiding geo-politics, which is a simple byproduct of operating in so many of the world’s markets. Law enforcement requests can sometimes conflict with different countries’ national interests. In 2020 and 2021 , for instance, the United States announced a series of sanctions against key individuals in Hong Kong’s political leadership and law enforcement for their role in undermining Hong Kong’s autonomy and implementing a controversial national security law . There isn’t yet a cut-and-dry answer on how Binance balances a legitimate law enforcement request under local rules with competing global interests. "There are jurisdictions with which we have to be sensitive; we also have to consider the nature of the crime, and who is the target of inquiry. For some of the requests, if the individuals are of sensitive nationality, then we are not responding,” he said. So far, from Hong Kong, Jakubcek says that 90% of the requests are “purely fraud related.” “Personally, I don’t remember any politically sensitive requests coming from Hong Kong,” he said. “I’m not saying there hasn’t been any, but in my investigations career in APAC, I don’t remember it happening.” Important events. Ethereum Community Conference Bank of America Second Quarter Earnings CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : XRP Becomes World\'s 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory In its most recent episode, "The Hash" tackled hot topics, including XRP overtaking BNB token to become the world\'s fourth-largest digital asset by market cap following Ripple\'s partial courtroom win. The panel dug into what the ruling could mean for the future of crypto regulation. Separately, the group discussed bail for Celsius founder and former CEO Alex Mashinsky, which was set at $40 million by a judge after his arrest. And the Hash also addressed new details on what luxury fashion brand Gucci is doing in the world of NFTs. Headlines Despite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts: BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead. BNB Token Is Being Heavily Shorted, Perpetual Futures Show: Funding rates in perpetual futures tied to BNB are most negative in nearly three months. Binance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance: Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion. Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals: The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points. SEC\'s Gensler \'Disappointed\' by Part of Ripple\'s XRP Judgement, Still Assessing Opinion: Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sagged to its lowest level since late June, falling beneath $29,700, before recovering some lost ground.\nInsights:Jarek Jakubcek, Binance\'s law enforcement training head, combats global crypto scams by training law enforcement on what to look for.\nCoinDesk Market Index (CMI)\n1,265\n−2.9▼0.2%\nBitcoin (BTC)\n$30,167\n−66.8▼0.2%\nEthereum (ETH)\n$1,915\n−5.8▼0.3%\nS&P 500\n4,522.79\n+17.4▲0.4%\nGold\n$1,958\n−1.7▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,265", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,167", "\\u221266.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,915", "\\u22125.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,522.79", "+17.4\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22121.7\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Recovers $30K\nThe good times following Ripple\'s partial victory against the SEC in a court decision last week were a distant memory as bitcoin sank to $29,769 at one point on Monday, its lowest level since late June.\nBut the largest cryptocurrency by market capitalization regained some lost ground to recently trade at $30,130, roughly flat over the past 24 hours, and within the range it\'s occupied for much of the past month. Bitcoin soared past $31,700 last Thursday after the U.S. District Court of the Southern District of New York ruled that Ripple\'s sale of its XRP tokens on exchanges and through algorithms did not constitute investment contracts.\nAnalysts have suggested that bitcoin may continue to experience dips below this threshold until the SEC decides whether to approve one of the multiple spot bitcoin ETF applications that financial services giants, including BlackRock, filed last month. Those filings spurred a sharp, mid-June increase in BTC and other cryptos longing for a price catalyst.\nBut the SEC, which has rejected a number of spot BTC applications over the past two years, is unlikely to move for months, given the unhurried pace of its previous decisions. The agency is still gathering information about the proposals.\n"There\'s a continued focus solely on U.S. (ETFs)," Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a phone interview with CoinDesk. "People are not going to be as optimistic until we get a further update that we\'re going to get that ETF done in the States."\nHe added: "We may see a lot of back and forth before we get that firm sign-off (from the SEC)."\nEther, the second largest crypto by market value, was recently changing hands at $1,913, off nearly a half-percentage point from Sunday, same time and well off its heights last week above $2,000. Other major cryptos, which also soared last week, sagged on Monday before rebounding slightly. XRP and ADA, the token of the Cardano smart contracts platform, were recently off 1.5% and 0.6%, respectively, while SOL, the native crypto of the Solana blockchain was down more than 2.8%.\nEquity markets buoyed by last week\'s encouraging second quarter earnings from a number of major banks edged up with the Nasdaq Composite and S&P 500 rising 0.9% and 0.3%, respectively. Bank of America and Goldman Sachs announce their Q2 results on Tuesday and Wednesday, respectively.\nIn an email early Monday, Moya noted "some progress in small crypto companies finding banks that can help facilitate transactions, as Customers Bancorp has emerged as the winner from the downfall of Signature Bank and Silvergate Capital Corp."\n"Bitcoin’s range of $29,500 and $31,500 may hold until we get a major crypto headline," he added.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+13.3%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+9.7%", "DACS Sector": "Computing"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22121.1%", "DACS Sector": "Currency"}]\nThe Complicated Work of Binance’s Jarek Jakubcek\nThere’s never a dull day for Jarek Jakubcek, head of Binance Law Enforcement Training, and a former cryptocurrency specialist in Europol Cybercrime Centre’s (EC3) Dark Web team.\nBased in Dubai, Jakubcek’s responsibilities are global, including the Asia Pacific region, where retail cryptocurrency adoption but also bad actors and scams have soared.\n"Cryptocurrencies, as practical technology, are basically bound to be abused by criminals because it is convenient and because it is practical," he said.\nJakubcek spends a lot of his time training law enforcement throughout the region on gathering evidence and tracking down who’s behind these schemes – and often they are the same crooks as in traditional finance: scam centers in southeast Asia.\n“We all know that there is no such thing as high guaranteed profits. But to many people who are more financially naive, this may sound like a reasonable proposition,” he explains. “This is why it is really important to promote crypto literacy and raise awareness of the potential risk connected with cryptocurrencies.”\nYears of investigations\nLaw enforcement has been investigating crypto crimes for years and has found a lot of operational success, thanks to blockchain\'s transparent nature.\nDespite its user-friendliness for everyone, including criminals, it is also beneficial for investigators as the activity is out there on-chain and not hidden in bank logs and shell corporations.\nOften, it’s more effective to track back wallets to exchanges and request KYC data than to rely on tracing IP addresses to telcos because of the prevalence of VPNs and other ways of masking connections.\nWhile Jakubcek spends a lot of his time working with real law enforcement from around the world, sometimes, his group encounters fraudulent requests – not necessarily always bad actors, but rather conning private investigators attempting to masquerade as cops in order to get more info for their clients.\nOne private investigator, Jakubcek recalls, dissatisfied with an initial refusal from Binance to disclose customer data to a private individual, sent over a second request but from a fake domain name.\n“It was not the usual law enforcement domain, so we checked the domain, and we discovered it was registered one day prior to the request,” Jakubcek said. “It was kind of obvious that the private investigator wanted to pretend to be something that he was not.”\nFake court orders and political problems\nFake court orders asking for funds to be moved are another thing his team has dealt with.\n“We are very lucky to have a team of almost 30 ex-law enforcement people, because we know how law enforcement requests should look like," he said.\nA global company like Binance has a tough time avoiding geo-politics, which is a simple byproduct of operating in so many of the world’s markets.\nLaw enforcement requests can sometimes conflict with different countries’ national interests. In2020and 2021, for instance, the United States announced a series of sanctions against key individuals in Hong Kong’s political leadership and law enforcement for their role in undermining Hong Kong’s autonomy and implementing acontroversial national security law.\nThere isn’t yet a cut-and-dry answer on how Binance balances a legitimate law enforcement request under local rules with competing global interests.\n"There are jurisdictions with which we have to be sensitive; we also have to consider the nature of the crime, and who is the target of inquiry. For some of the requests, if the individuals are of sensitive nationality, then we are not responding,” he said.\nSo far, from Hong Kong, Jakubcek says that 90% of the requests are “purely fraud related.”\n“Personally, I don’t remember any politically sensitive requests coming from Hong Kong,” he said. “I’m not saying there hasn’t been any, but in my investigations career in APAC, I don’t remember it happening.”\nEthereum Community Conference\nBank of America Second Quarter Earnings\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Becomes World\'s 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory\nIn its most recent episode, "The Hash" tackled hot topics, including XRP overtaking BNB token to become the world\'s fourth-largest digital asset by market cap following Ripple\'s partial courtroom win. The panel dug into what the ruling could mean for the future of crypto regulation. Separately, the group discussed bail for Celsius founder and former CEO Alex Mashinsky, which was set at $40 million by a judge after his arrest. And the Hash also addressed new details on what luxury fashion brand Gucci is doing in the world of NFTs.\nDespite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts:BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead.\nBNB Token Is Being Heavily Shorted, Perpetual Futures Show:Funding rates in perpetual futures tied to BNB are most negative in nearly three months.\nBinance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance:Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion.\nCrypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals:The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.\nSEC\'s Gensler \'Disappointed\' by Part of Ripple\'s XRP Judgement, Still Assessing Opinion:Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin sagged to its lowest level since late June, falling beneath $29,700, before recovering some lost ground.\nInsights:Jarek Jakubcek, Binance\'s law enforcement training head, combats global crypto scams by training law enforcement on what to look for.\nCoinDesk Market Index (CMI)\n1,265\n−2.9▼0.2%\nBitcoin (BTC)\n$30,167\n−66.8▼0.2%\nEthereum (ETH)\n$1,915\n−5.8▼0.3%\nS&P 500\n4,522.79\n+17.4▲0.4%\nGold\n$1,958\n−1.7▼0.1%\nNikkei 225\n32,391.26\n−28.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,265", "\\u22122.9\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$30,167", "\\u221266.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,915", "\\u22125.8\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,522.79", "+17.4\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,958", "\\u22121.7\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,391.26", "\\u221228.1\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin Recovers $30K\nThe good times following Ripple\'s partial victory against the SEC in a court decision last week were a distant memory as bitcoin sank to $29,769 at one point on Monday, its lowest level since late June.\nBut the largest cryptocurrency by market capitalization regained some lost ground to recently trade at $30,130, roughly flat over the past 24 hours, and within the range it\'s occupied for much of the past month. Bitcoin soared past $31,700 last Thursday after the U.S. District Court of the Southern District of New York ruled that Ripple\'s sale of its XRP tokens on exchanges and through algorithms did not constitute investment contracts.\nAnalysts have suggested that bitcoin may continue to experience dips below this threshold until the SEC decides whether to approve one of the multiple spot bitcoin ETF applications that financial services giants, including BlackRock, filed last month. Those filings spurred a sharp, mid-June increase in BTC and other cryptos longing for a price catalyst.\nBut the SEC, which has rejected a number of spot BTC applications over the past two years, is unlikely to move for months, given the unhurried pace of its previous decisions. The agency is still gathering information about the proposals.\n"There\'s a continued focus solely on U.S. (ETFs)," Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a phone interview with CoinDesk. "People are not going to be as optimistic until we get a further update that we\'re going to get that ETF done in the States."\nHe added: "We may see a lot of back and forth before we get that firm sign-off (from the SEC)."\nEther, the second largest crypto by market value, was recently changing hands at $1,913, off nearly a half-percentage point from Sunday, same time and well off its heights last week above $2,000. Other major cryptos, which also soared last week, sagged on Monday before rebounding slightly. XRP and ADA, the token of the Cardano smart contracts platform, were recently off 1.5% and 0.6%, respectively, while SOL, the native crypto of the Solana blockchain was down more than 2.8%.\nEquity markets buoyed by last week\'s encouraging second quarter earnings from a number of major banks edged up with the Nasdaq Composite and S&P 500 rising 0.9% and 0.3%, respectively. Bank of America and Goldman Sachs announce their Q2 results on Tuesday and Wednesday, respectively.\nIn an email early Monday, Moya noted "some progress in small crypto companies finding banks that can help facilitate transactions, as Customers Bancorp has emerged as the winner from the downfall of Signature Bank and Silvergate Capital Corp."\n"Bitcoin’s range of $29,500 and $31,500 may hold until we get a major crypto headline," he added.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+13.3%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+9.7%", "DACS Sector": "Computing"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22121.1%", "DACS Sector": "Currency"}]\nThe Complicated Work of Binance’s Jarek Jakubcek\nThere’s never a dull day for Jarek Jakubcek, head of Binance Law Enforcement Training, and a former cryptocurrency specialist in Europol Cybercrime Centre’s (EC3) Dark Web team.\nBased in Dubai, Jakubcek’s responsibilities are global, including the Asia Pacific region, where retail cryptocurrency adoption but also bad actors and scams have soared.\n"Cryptocurrencies, as practical technology, are basically bound to be abused by criminals because it is convenient and because it is practical," he said.\nJakubcek spends a lot of his time training law enforcement throughout the region on gathering evidence and tracking down who’s behind these schemes – and often they are the same crooks as in traditional finance: scam centers in southeast Asia.\n“We all know that there is no such thing as high guaranteed profits. But to many people who are more financially naive, this may sound like a reasonable proposition,” he explains. “This is why it is really important to promote crypto literacy and raise awareness of the potential risk connected with cryptocurrencies.”\nYears of investigations\nLaw enforcement has been investigating crypto crimes for years and has found a lot of operational success, thanks to blockchain\'s transparent nature.\nDespite its user-friendliness for everyone, including criminals, it is also beneficial for investigators as the activity is out there on-chain and not hidden in bank logs and shell corporations.\nOften, it’s more effective to track back wallets to exchanges and request KYC data than to rely on tracing IP addresses to telcos because of the prevalence of VPNs and other ways of masking connections.\nWhile Jakubcek spends a lot of his time working with real law enforcement from around the world, sometimes, his group encounters fraudulent requests – not necessarily always bad actors, but rather conning private investigators attempting to masquerade as cops in order to get more info for their clients.\nOne private investigator, Jakubcek recalls, dissatisfied with an initial refusal from Binance to disclose customer data to a private individual, sent over a second request but from a fake domain name.\n“It was not the usual law enforcement domain, so we checked the domain, and we discovered it was registered one day prior to the request,” Jakubcek said. “It was kind of obvious that the private investigator wanted to pretend to be something that he was not.”\nFake court orders and political problems\nFake court orders asking for funds to be moved are another thing his team has dealt with.\n“We are very lucky to have a team of almost 30 ex-law enforcement people, because we know how law enforcement requests should look like," he said.\nA global company like Binance has a tough time avoiding geo-politics, which is a simple byproduct of operating in so many of the world’s markets.\nLaw enforcement requests can sometimes conflict with different countries’ national interests. In2020and 2021, for instance, the United States announced a series of sanctions against key individuals in Hong Kong’s political leadership and law enforcement for their role in undermining Hong Kong’s autonomy and implementing acontroversial national security law.\nThere isn’t yet a cut-and-dry answer on how Binance balances a legitimate law enforcement request under local rules with competing global interests.\n"There are jurisdictions with which we have to be sensitive; we also have to consider the nature of the crime, and who is the target of inquiry. For some of the requests, if the individuals are of sensitive nationality, then we are not responding,” he said.\nSo far, from Hong Kong, Jakubcek says that 90% of the requests are “purely fraud related.”\n“Personally, I don’t remember any politically sensitive requests coming from Hong Kong,” he said. “I’m not saying there hasn’t been any, but in my investigations career in APAC, I don’t remember it happening.”\nEthereum Community Conference\nBank of America Second Quarter Earnings\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Becomes World\'s 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory\nIn its most recent episode, "The Hash" tackled hot topics, including XRP overtaking BNB token to become the world\'s fourth-largest digital asset by market cap following Ripple\'s partial courtroom win. The panel dug into what the ruling could mean for the future of crypto regulation. Separately, the group discussed bail for Celsius founder and former CEO Alex Mashinsky, which was set at $40 million by a judge after his arrest. And the Hash also addressed new details on what luxury fashion brand Gucci is doing in the world of NFTs.\nDespite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts:BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead.\nBNB Token Is Being Heavily Shorted, Perpetual Futures Show:Funding rates in perpetual futures tied to BNB are most negative in nearly three months.\nBinance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance:Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion.\nCrypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals:The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.\nSEC\'s Gensler \'Disappointed\' by Part of Ripple\'s XRP Judgement, Still Assessing Opinion:Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.', 'Bitcoin briefly fell under US$30,000 in early Tuesday morning trading in Asia before recovering back above that support line. Ether and most other top 10 non-stablecoin cryptocurrencies declined, with Solana leading the losers. Polygon\x92s Matic was the exception, adding more than one percent at one point. NFT trading slumped and U.S. stock futures traded flat after gains on Monday. The week ahead brings rafts of earnings, including from major U.S. banks on Wednesday. Bitcoin, Ether slip Bitcoin lost 0.55% over the last 24 hours to US$30,160.39 as of 06:40 a.m. in Hong Kong, falling 0.62% for the week, according to data from CryptoMarketCap. The token dipped to US$29,685.78 at one point in early morning Asia trading on Tuesday. \x93On a weekly timeframe, Bitcoin is trending up on the highs and lows, but down on the close and open,\x94 said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro. \x93Failure to rally from current levels opens the door for a correction to the $27,000 area if risk-off sentiment intensifies later in the week.\x94 The world\x92s largest cryptocurrency with a current market capitalization of US$586 billion has attracted bouts of buying interest following several filings for spot Bitcoin exchange-traded fund (ETF) applications in June, including one by the world\x92s largest asset manager, BlackRock. On July 13, the U.S. Securities and Exchange Commission (SEC) formally accepted the Bitcoin ETF applications from BlackRock, WisdomTree, VanEck and others for review. When measured by investments in crypto-focused funds, Bitcoin has seen inflows of US$140 million in the last week, or 99% of the total invested in such funds, according to asset manager CoinShares. A total US$742 million was invested in crypto funds over the last 4 weeks, the largest since the final quarter of 2021, according to CoinShares data. Ether declined by 1.07% to US$1,913.56, but was still holding gains of 2.03% in the last seven days. Most other top 10 non-stablecoin cryptocurrencies were in the red, though Polygon\x92s Matic added to weekly gains of 5.99%. Matic rose 0.37% to US$0.781 in early trade and gained further later in the morning. Story continues Last Thursday, Polygon Labs announced a new, revamped version of its native token named Pol, which the company claims will be more secure, scalable and frictionless. Solana was the biggest loser among the top 10 falling 3.26% to US$26.74. However that could be from profit-taking as the token has jumped 25.55% for the week. The total crypto market capitalization fell 0.49% in the past 24 hours to US$1.21 trillion, while trading volume rose 42.52% to US$35.54 billion. NFTs\xa0in \x93substantial slowdown\x94 The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.27% in the past 24 hours to 2,719.10 as of 07:45 a.m. in Hong Kong. The index is down 0.43% for the week. \x93The Forkast 500 NFT Index is down following a very slow day of trading,\x94 said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. \x93Focusing on Ethereum trading we see 14,006 total transactions on Sunday, which is the lowest in almost 2 years, when we saw 13,560 transactions on July 24, 2021.\x94 Petscher said the number of unique buyers fell under 10,000, also a substantial slowdown in the NFT market. Forkast\x92s NFT market indices measuring the performance on Ethereum, Solana and Cardano blockchains rose, while the Polygon index dropped. Total NFT trading volume gained 1.45% to US$18.51 million in the past 24 hours, according to data from CryptoSlam. Ethereum-based art NFT collection Opepen Edition topped the trading volume rankings on CryptoSlam, rising 2.93% in the last 24 hours to US$782,290. \x93Opepen is an interesting hybrid project that merges conceptual art into easy to digest profile pictures,\x94 Petscher explained. \x93Influencers and even large Web3 entities like OpenSea and Rarible are getting in on the fun by changing their profile pictures to an Opepen that matches their brand.\x94 ImmutableX\x92s Gods Unchained Cards, the collection of NFTs used in Immutable\x92s trading card game of the same name, placed second in 24-hour trading volume, despite falling 2.19% to US$675,685. Elsewhere, NFL Super Bowl champion Kansas City Chiefs quarterback Patrick Mahomes said on Twitter Monday that he will launch his second line of NFTs inspired by his football career. The new collectibles are expected in September, according to Decrypt . U.S. stock futures little changed, Asia markets lower Image: Envato Elements U.S. stock futures traded flat as of 10:00 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Monday. Stocks in main Asia markets fell back after China on Monday reported lower-than-expected economic growth of 6.3% for Q2. The Shanghai Composite, Hong Kong\x92s Hang Seng, South Korea\x92s Kospi, and Japan\x92s Nikkei 225 all posted losses as of 11:00 a.m. in Hong Kong. In the U.S., more bank earnings are coming later today from Bank of America Corp. and Morgan Stanley & Co., which follow positive quarterly results last week from JPMorgan Chase & Co, Wells Fargo, and Citigroup. Earnings from Goldman Sachs Group, Netflix, Tesla and United Airlines are expected Wednesday. The view that the Federal Reserve is nearing the end of its cycle of raising interest rates helped the Wall Street gains on Monday, according to Trading Economics . That sentiment grew as last week\x92s producer price index, a measure of wholesale inflation, came in well below analyst expectations. Still, the Fed is likely to raise rates again above the current 5% to 5.25%. Christopher Waller, a member of the Federal Reserve Board of Governors, said last week at an event hosted by New York University that the central bank will need two more 25-basis-point rate increases this year to tame inflation. The Federal Reserve meets on July 26 to discuss its next move on rates. The CME FedWatch Tool predicts a 97.3% chance the Fed will raise by 25-basis-points, up from 96.1% on Monday. (Updates to add equity section)', 'Bitcoin briefly fell under US$30,000 in early Tuesday morning trading in Asia before recovering back above that support line. Ether and most other top 10 non-stablecoin cryptocurrencies declined, with Solana leading the losers. Polygon’s Matic was the exception, adding more than one percent at one point. NFT trading slumped and U.S. stock futures traded flat after gains on Monday. The week ahead brings rafts of earnings, including from major U.S. banks on Wednesday.\nBitcoin lost 0.55% over the last 24 hours to US$30,160.39 as of 06:40 a.m. in Hong Kong, falling 0.62% for the week, according to data from CryptoMarketCap. The token dipped to US$29,685.78 at one point in early morning Asia trading on Tuesday.\n“On a weekly timeframe, Bitcoin is trending up on the highs and lows, but down on the close and open,” said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro. “Failure to rally from current levels opens the door for a correction to the $27,000 area if risk-off sentiment intensifies later in the week.”\nThe world’s largest cryptocurrency with a current market capitalization of US$586 billion has attracted bouts of buying interest following several filings for spot Bitcoinexchange-traded fund (ETF)applications in June, including one by the world’s largest asset manager, BlackRock.\nOn July 13, the U.S. Securities and Exchange Commission (SEC) formallyacceptedthe Bitcoin ETF applications from BlackRock, WisdomTree, VanEck Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $585,460,100,400 - Hash Rate: 434150109.2409926 - Transaction Count: 582684.0 - Unique Addresses: 775244.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell to about $24,990 on Wednesday, as investors shrugged off the U.S. central banks widely expected halt to a more than year-long diet of interest rate hikes. Major altcoins took a late afternoon dive to sink into negative territory. The largest cryptocurrency by market capitalization was recently trading down 3.2% over the past 24 hours after a late afternoon (ET) drop that sent the asset to its lowest level since mid March. BTC has largely been treading water nearer $26,000 for most of the past five days as investors weighed the initial impact of Securities and U.S. Exchange Commission (SEC) lawsuits against crypto exchange giants Binance and Coinbase, Fed monetary policy signals and other macroeconomic uncertainties. The Fed has left rates unchanged, which was expected by the market given the macroeconomic situation, Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in a note to CoinDesk. The initial move has been toward the downside, since the Fed indicated that this pause is likely not going to last. DiPasquale added: From a markets perspective, as long as Bitcoin maintains $25K, we should continue to see consolidation. Read More: Fed Preview: Bitcoin Market Skews Bearish as Analysts Anticipate 'Hawkish Rate-Hike Pause' Ether was recently changing hands at $1,650, down 5.1% from Tuesday, same time, also hitting a three-month low. Other major cryptos mentioned in the SEC actions plunged late with ADA, the token of the Cardano blockchain recently down more than 5% but SOL and MATIC, the native cryptos of the Solana and Polygon smart contract networks, each off more than 3%. The CoinDesk Market Index , a measure of crypto markets overall performance, was recently trading sideways. The CoinDesk Bitcoin and Ether Trend Indicators maintained their days-long stances in downtrend territory, reflecting ongoing investor skittishness. Still, indicator was pointing bullishly. A price pattern called "throwback" has emerged on bitcoin's daily chart that could recharge bulls' engines for a rally toward $37,000, according to Valkyrie Investments. In technical analysis, a throwback is a price drop to a former breakout level or resistance-turned-support. After a breakout, prices rally for some days before losing upward momentum and returning to the breakout point. More often than not, prices surge after the throwback is completed, Thomas Bulkowski detailed in his book "Visual Guide to Chart Patterns." Story continues Meanwhile, equity indexes fell amid longer-term concerns that the current rate increase cessation will be temporary as the Fed focuses on cutting inflation to a longstanding 2.5% target. The tech-heavy Nasdaq Composite and S&P 500 inched up ever-so-slightly but the Dow Jones Industrial Average sank 0.7%. Read More: U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises Still, in an email to CoinDesk, Markus Levin, co-founder of blockchain geospatial oracle system XYO Network, struck an upbeat note, writing that the global macro setup is shifting significantly, with the rate-hike pause the clearest indication yet of this shift. Inflation is falling fast. Global central banks are injecting liquidity to stimulate their economies. And now the focus is on growth and whether well actually experience a broad-based and deep recession. Levin added that bitcoin and other digital assets have likely already hit the bottom. I expect there to be sideways action for BTC and other coins for some months ahead, punctuated by bouts of volatility, he wrote. When the BTC halving kicks in next year, however, then I think were off to the races. UPDATE (June 14, 2023, 20:55 UTC): Updates bitcoin price in headline and story, and other digital asset price information.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Caleb & Brown\'s Jake Boyle explains why ether might be the more interesting play than bitcoin.\nInsights:Coinbase\'s stock is up more than 23% since Ripple\'s partial court victory against the SEC last Thursday. In a CoinDesk TV interview, Needham analyst John Todaro discussed why he\'s upbeat about the company.\nCoinDesk Market Index (CMI)\n1,254\n−10.5▼0.8%\nBitcoin (BTC)\n$29,856\n−311.4▼1.0%\nEthereum (ETH)\n$1,896\n−18.6▼1.0%\nS&P 500\n4,554.98\n+32.2▲0.7%\nGold\n$1,981\n+28.8▲1.5%\nNikkei 225\n32,493.89\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,254", "\\u221210.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,856", "\\u2212311.4\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,896", "\\u221218.6\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,554.98", "+32.2\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+28.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,493.89", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nLooking Beyond Bitcoin\nAs East Asia’s business day begins, bitcoin is down 1% to $29,856, while ether is also down 1% to $1,896. Although many parts of the altcoin market are beginning the day as a sea of red, XRP is continuing its upwards trajectory, rising 5% to hit $0.77.\nThe current Bitcoin movements indicate that the market is range-bound and stagnant, Jake Boyle, the Chief Commercial Officer at Australian crypto exchange Caleb & Brown said on CoinDesk TV.\nWhile Bitcoin is experiencing some ups and downs around the $30,000 mark, Boyle argues that no major movements are expected until certain key events take place.\nStellar, Solana, and Optimism have shown explosive growth following last week\'s XRP news, each for different reasons.\n"Stellar is regularly associated with XRP... Optimism provides something new, it hasn\'t experienced a dramatic bull market, and it hasn\'t come down 99% from its all-time high," Boyle said.\nRight now, Boyle is interested in Ethereum as he’s observed a “noticeable increase in buying power against bitcoin.”\n“Ethereum is prone to upgrades. It’s prone to community changes,” he said, explaining how it\'s more receptive to news announcements and updates while bitcoin stays relatively constant.\n“Bitcoin is just bitcoin,” he said.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.9%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.7%", "DACS Sector": "Smart Contract Platform"}]\nCoinbase on the Rise?\nRipple\'spartial winlast week in its long-running Federal court feud with the Securities and Exchange Commission (SEC) will likely benefit Coinbase by clarifying a nettlesome aspect of crypto regulation and enabling the exchange to re-list certain tokens, John Todaro, a senior research analyst at broker Needham & Company, told CoinDesk TV\'s "First Mover" program Tuesday.\nTodaro noted that industry observers had feared a decision favoring the SEC would have required Coinbase to delist tokens, potentially costing it more than a third of its revenue.\n"It does remove some those concerns that along the way, Coinbase might have to delist a lot of assets, which is going to be a big deterrent to their exchange business, which is where they get most of their revenue," Todaro said, adding that the ruling would also "give institutional investors more clarity."\n"Now you can start digging into Coinbase fundamentals a bit more versus the stock only moving just on regulatory concerns or positive regulatory announcements."\nLast Thursday, a U.S. district court ruled that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales. In a research report the following day, Todaro and another analyst, Daniel Lehmann wrote that the decision could boost Coinbase shares by establishing that token sales through exchanges, at least in the case of XRP, did not violate securities laws.\nRead More:Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham\n"This outcome should moderately de-risk the regulatory pressure on the stock,” the analysts wrote.\nThe broker maintained a buy rating on Coinbase shares and raised its price target to $120 from $70. Coinbase shares closed at $104.59, down 0.9% but are up more than 23% since last Thursday.\nCoinbase has faced its own regulatory issues, including an SEC lawsuit last month accusing the exchange of violating securities law, and it also still addressing the fall-out from a lengthy bear market that has spooked investors.\nIn the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company\'s Q2 issues. "Folks should start looking at what\'s coming up," including next year\'s bitcoin halving, "which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation," he said, and described the exchange as "the only kind of adult left in the room at the exchange level.\nEthereum Community Conference\nGoldman Sachs second quarter earnings\nHKT/SGT(6:00 UTC)United Kingdom Consumer Price Index (MoM/June)\nHKT/SGT(9:00 UTC)Core Harmonized Index of Consumer Prices (MoM/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low\nBloomberg reported Coinbase CEO Brian Armstrong met with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shared his outlook on Coinbase (COIN)\'s stock performance. Aku creator and former MLB player Micah Johnson discussed teaming up with Starbucks. Caleb & Brown director Jake Boyle shared his crypto markets analysis. And, John Oliver from PwC weighed in on how traditional hedge funds view investing in crypto assets.\nBitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers:Thursday\'s rally to a new 13-month high of $31,800 has now more than been fully nullified.\nArkham\'s Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad:Users locked up a total of $2.4 billion in the launchpad to secure a better chance at receiving the full allocation.\nCelsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale:Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.\nLevered Bullish Longs Getting Liquidated as Bitcoin Market Softens:CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions\nReddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK:Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit\'s tokenized Community Points, one observer said while explaining the price rally.', 'Good morning. Here’s what’s happening: Prices: Caleb & Brown\'s Jake Boyle explains why ether might be the more interesting play than bitcoin. Insights: Coinbase\'s stock is up more than 23% since Ripple\'s partial court victory against the SEC last Thursday. In a CoinDesk TV interview, Needham analyst John Todaro discussed why he\'s upbeat about the company. Prices CoinDesk Market Index (CMI) 1,254 −10.5 ▼ 0.8% Bitcoin (BTC) $29,856 −311.4 ▼ 1.0% Ethereum (ETH) $1,896 −18.6 ▼ 1.0% S&P 500 4,554.98 +32.2 ▲ 0.7% Gold $1,981 +28.8 ▲ 1.5% Nikkei 225 32,493.89 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,254 −10.5 ▼ 0.8% Bitcoin (BTC) $29,856 −311.4 ▼ 1.0% Ethereum (ETH) $1,896 −18.6 ▼ 1.0% S&P 500 4,554.98 +32.2 ▲ 0.7% Gold $1,981 +28.8 ▲ 1.5% Nikkei 225 32,493.89 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Looking Beyond Bitcoin As East Asia’s business day begins, bitcoin is down 1% to $29,856, while ether is also down 1% to $1,896. Although many parts of the altcoin market are beginning the day as a sea of red, XRP is continuing its upwards trajectory, rising 5% to hit $0.77. The current Bitcoin movements indicate that the market is range-bound and stagnant, Jake Boyle, the Chief Commercial Officer at Australian crypto exchange Caleb & Brown said on CoinDesk TV. While Bitcoin is experiencing some ups and downs around the $30,000 mark, Boyle argues that no major movements are expected until certain key events take place. Stellar, Solana, and Optimism have shown explosive growth following last week\'s XRP news, each for different reasons. "Stellar is regularly associated with XRP... Optimism provides something new, it hasn\'t experienced a dramatic bull market, and it hasn\'t come down 99% from its all-time high," Boyle said. Right now, Boyle is interested in Ethereum as he’s observed a “noticeable increase in buying power against bitcoin.” Story continues “Ethereum is prone to upgrades. It’s prone to community changes,” he said, explaining how it\'s more receptive to news announcements and updates while bitcoin stays relatively constant. “Bitcoin is just bitcoin,” he said. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.9% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −6.9% Entertainment Solana SOL −5.9% Smart Contract Platform Polygon MATIC −5.7% Smart Contract Platform Insights Coinbase on the Rise? Ripple\'s partial win last week in its long-running Federal court feud with the Securities and Exchange Commission (SEC) will likely benefit Coinbase by clarifying a nettlesome aspect of crypto regulation and enabling the exchange to re-list certain tokens, John Todaro, a senior research analyst at broker Needham & Company, told CoinDesk TV\'s "First Mover" program Tuesday. Todaro noted that industry observers had feared a decision favoring the SEC would have required Coinbase to delist tokens, potentially costing it more than a third of its revenue. "It does remove some those concerns that along the way, Coinbase might have to delist a lot of assets, which is going to be a big deterrent to their exchange business, which is where they get most of their revenue," Todaro said, adding that the ruling would also "give institutional investors more clarity." "Now you can start digging into Coinbase fundamentals a bit more versus the stock only moving just on regulatory concerns or positive regulatory announcements." Last Thursday, a U.S. district court ruled that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales. In a research report the following day, Todaro and another analyst, Daniel Lehmann wrote that the decision could boost Coinbase shares by establishing that token sales through exchanges, at least in the case of XRP, did not violate securities laws. Read More: Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham "This outcome should moderately de-risk the regulatory pressure on the stock,” the analysts wrote. The broker maintained a buy rating on Coinbase shares and raised its price target to $120 from $70. Coinbase shares closed at $104.59, down 0.9% but are up more than 23% since last Thursday. Coinbase has faced its own regulatory issues, including an SEC lawsuit last month accusing the exchange of violating securities law, and it also still addressing the fall-out from a lengthy bear market that has spooked investors. In the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company\'s Q2 issues. "Folks should start looking at what\'s coming up," including next year\'s bitcoin halving, "which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation," he said, and described the exchange as "the only kind of adult left in the room at the exchange level. Important events. Ethereum Community Conference Goldman Sachs second quarter earnings HKT/SGT(6:00 UTC) United Kingdom Consumer Price Index (MoM/June) HKT/SGT(9:00 UTC) Core Harmonized Index of Consumer Prices (MoM/June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low Bloomberg reported Coinbase CEO Brian Armstrong met with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shared his outlook on Coinbase (COIN)\'s stock performance. Aku creator and former MLB player Micah Johnson discussed teaming up with Starbucks. Caleb & Brown director Jake Boyle shared his crypto markets analysis. And, John Oliver from PwC weighed in on how traditional hedge funds view investing in crypto assets. Headlines Bitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers : Thursday\'s rally to a new 13-month high of $31,800 has now more than been fully nullified. Arkham\'s Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad : Users locked up a total of $2.4 billion in the launchpad to secure a better chance at receiving the full allocation. Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale : Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings. Levered Bullish Longs Getting Liquidated as Bitcoin Market Softens : CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions Reddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK : Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit\'s tokenized Community Points, one observer said while explaining the price rally.', 'Good morning. Here’s what’s happening:\nPrices:Caleb & Brown\'s Jake Boyle explains why ether might be the more interesting play than bitcoin.\nInsights:Coinbase\'s stock is up more than 23% since Ripple\'s partial court victory against the SEC last Thursday. In a CoinDesk TV interview, Needham analyst John Todaro discussed why he\'s upbeat about the company.\nCoinDesk Market Index (CMI)\n1,254\n−10.5▼0.8%\nBitcoin (BTC)\n$29,856\n−311.4▼1.0%\nEthereum (ETH)\n$1,896\n−18.6▼1.0%\nS&P 500\n4,554.98\n+32.2▲0.7%\nGold\n$1,981\n+28.8▲1.5%\nNikkei 225\n32,493.89\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,254", "\\u221210.5\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,856", "\\u2212311.4\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,896", "\\u221218.6\\u25bc1.0%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,554.98", "+32.2\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,981", "+28.8\\u25b21.5%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,493.89", "+NaN\\u25b2NaN%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nLooking Beyond Bitcoin\nAs East Asia’s business day begins, bitcoin is down 1% to $29,856, while ether is also down 1% to $1,896. Although many parts of the altcoin market are beginning the day as a sea of red, XRP is continuing its upwards trajectory, rising 5% to hit $0.77.\nThe current Bitcoin movements indicate that the market is range-bound and stagnant, Jake Boyle, the Chief Commercial Officer at Australian crypto exchange Caleb & Brown said on CoinDesk TV.\nWhile Bitcoin is experiencing some ups and downs around the $30,000 mark, Boyle argues that no major movements are expected until certain key events take place.\nStellar, Solana, and Optimism have shown explosive growth following last week\'s XRP news, each for different reasons.\n"Stellar is regularly associated with XRP... Optimism provides something new, it hasn\'t experienced a dramatic bull market, and it hasn\'t come down 99% from its all-time high," Boyle said.\nRight now, Boyle is interested in Ethereum as he’s observed a “noticeable increase in buying power against bitcoin.”\n“Ethereum is prone to upgrades. It’s prone to community changes,” he said, explaining how it\'s more receptive to news announcements and updates while bitcoin stays relatively constant.\n“Bitcoin is just bitcoin,” he said.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.9%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.7%", "DACS Sector": "Smart Contract Platform"}]\nCoinbase on the Rise?\nRipple\'spartial winlast week in its long-running Federal court feud with the Securities and Exchange Commission (SEC) will likely benefit Coinbase by clarifying a nettlesome aspect of crypto regulation and enabling the exchange to re-list certain tokens, John Todaro, a senior research analyst at broker Needham & Company, told CoinDesk TV\'s "First Mover" program Tuesday.\nTodaro noted that industry observers had feared a decision favoring the SEC would have required Coinbase to delist tokens, potentially costing it more than a third of its revenue.\n"It does remove some those concerns that along the way, Coinbase might have to delist a lot of assets, which is going to be a big deterrent to their exchange business, which is where they get most of their revenue," Todaro said, adding that the ruling would also "give institutional investors more clarity."\n"Now you can start digging into Coinbase fundamentals a bit more versus the stock only moving just on regulatory concerns or positive regulatory announcements."\nLast Thursday, a U.S. district court ruled that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales. In a research report the following day, Todaro and another analyst, Daniel Lehmann wrote that the decision could boost Coinbase shares by establishing that token sales through exchanges, at least in the case of XRP, did not violate securities laws.\nRead More:Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham\n"This outcome should moderately de-risk the regulatory pressure on the stock,” the analysts wrote.\nThe broker maintained a buy rating on Coinbase shares and raised its price target to $120 from $70. Coinbase shares closed at $104.59, down 0.9% but are up more than 23% since last Thursday.\nCoinbase has faced its own regulatory issues, including an SEC lawsuit last month accusing the exchange of violating securities law, and it also still addressing the fall-out from a lengthy bear market that has spooked investors.\nIn the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company\'s Q2 issues. "Folks should start looking at what\'s coming up," including next year\'s bitcoin halving, "which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation," he said, and described the exchange as "the only kind of adult left in the room at the exchange level.\nEthereum Community Conference\nGoldman Sachs second quarter earnings\nHKT/SGT(6:00 UTC)United Kingdom Consumer Price Index (MoM/June)\nHKT/SGT(9:00 UTC)Core Harmonized Index of Consumer Prices (MoM/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low\nBloomberg reported Coinbase CEO Brian Armstrong met with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shared his outlook on Coinbase (COIN)\'s stock performance. Aku creator and former MLB player Micah Johnson discussed teaming up with Starbucks. Caleb & Brown director Jake Boyle shared his crypto markets analysis. And, John Oliver from PwC weighed in on how traditional hedge funds view investing in crypto assets.\nBitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers:Thursday\'s rally to a new 13-month high of $31,800 has now more than been fully nullified.\nArkham\'s Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad:Users locked up a total of $2.4 billion in the launchpad to secure a better chance at receiving the full allocation.\nCelsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale:Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.\nLevered Bullish Longs Getting Liquidated as Bitcoin Market Softens:CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions\nReddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK:Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit\'s tokenized Community Points, one observer said while explaining the price rally.', 'Bitcoin slipped under US$30,000 in Wednesday morning trading in Asia on the back of profit-taking and liquidation of long positions after the recent run up on optimism spot exchange-traded funds for the token may win approval and attract institutional investment. Ether and most other top 10 non-stablecoin cryptocurrencies also declined in lower trading volume. Ripple’s XRP token was the exception, gaining almost 4% in early Asia trade as the tailwind continued from the company’s partial victory last week in the lawsuit brought by the U.S. securities regulator.\nBitcoin fell below the US$30,000 line that has offered floor support since late June and lost 2.46% for the week, according todatafrom CryptoMarketCap.\xa0 As of 06:40 a.m. in Hong Kong, the world’s biggest cryptocurrency traded at US$29,784.42, down 1.22% over the last 24 hours.\nThe token continued to fluctuate around the US$30,000 line later in the Asia morning as overall trading volume in cryptocurrencies fell more than 9% on the day.\nData from Coinglassshowed large liquidations in long positions in Bitcoin, or bets that prices for the token would rise further.\nEther dropped 0.76% to US$1,898.40, though it is still logging a 1.15% gain for the week.\nInvestors seemed unimpressed by the U.S. Securities and Exchange Commission (SEC)agreeingon Monday to review the application by digital asset manager Valkyrie Investments Inc. to launch a Bitcoin Spot exchange-traded fund (ETF).\nThe SEC agreed the same for the application by BlackRock on July 13, which along with several other Bitcoin ETF applications set off a bullish run in crypto for the past month. BlackRock is the world’s largest asset manager with US$9.4 trillion in assets. Tennessee-based Valkyriehad more thanUS$1 billion in assets under management in 2022.\nIn more background noise for crypto markets later today, Brian Armstrong – the chief executive officer of Coinbase, the largest crypto exchange in the U.S. – is expected to sit down with Democratic members of Congress to discuss regulation of digital assets, according toBloomberg.\nThe SEC suedCoinbaseon June 6, claiming that the exchange breached federal securities laws by offering unregistered financial securities to investors. Armstrong and other Coinbase executives havesaidthey will fight the SEC allegations in court.\nThe SEC on July 13 received asetbackin another lawsuit, filed more than two years ago, against Ripple Labs, when a U.S. district court ruled that Ripple Labs’ programmatic sales of its XRP cryptocurrency did not qualify as offerings of financial securities.\nThe Ripple ruling is a “potential watershed” for the broader crypto market, wrote Robert Quartly-Janeiro, the chief strategy officer of Singapore-based crypto exchange Bitrue, in an email statement shared withForkastTuesday.\nXRP was the only top 10 cryptocurrency to gain on Wednesday morning, adding 3.89% to US$0.7678, further extending its weekly surge of 61.26%.\nLosses were led by Polygon’s Matic and Solana. Polygon dipped 5.81% to US$0.7363, falling 0.36% in the past seven days.\nSolana lost 5.24% to US$25.33, but it’s holding gains of 15.01% for the week.\nThe total crypto market capitalization fell 0.50% in the past 24 hours to US$1.2 trillion, with trading volume dipping 9.49% to US$32.17 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.37% in the past 24 hours to 2,717.68 as of 07:45 a.m. in Hong Kong.\nTotal NFT trading volume fell 14.05% to US$17.83 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring the performance on Ethereum, Polygon and Cardano blockchains all dropped, while the Solana index rose.\n“We’re on pace for another yearly low for total global transactions today, and in general, sales are pretty unremarkable across blockchains,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “The top collections are struggling to even reach $500k in daily secondary sales, which is unusual to see. The index reflects a flat market.”\nEthereum-based Azuki NFT collection topped trading volume, rising 3.26% to US$972,691. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — ranked second in volume, gaining 5.05% to US$698,982.\nLuxury brand Louis Vuittonlaunchednew digital collectibles on Monday celebrating its Speedy 40 VIA bag, which was designed in collaboration with American singer-songwriter Pharrell.\n“Each [owner] will be given access to exclusive digital products, each accompanied by its physical twin,”tweetedGaspard Lézin, the NFT collection manager for Louis Vuitton, on Monday.\nU.S. stock futures traded flat as of 10:20 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Tuesday.\nIn Asia, Japan’s Nikkei 225 gained on the bullish U.S. market session that followed upbeat earnings reports from major corporations, according toTrading Economics.\nHowever, most other Asian stock markets continued a downtrend after China reported lower-than-expected economic growth of 6.3% for Q2 on Monday. The Shanghai Composite fell for the third consecutive session. Hong Kong’s Hang Seng, and South Korea’s Kospi also posted losses as of 10:40 a.m. in Hong Kong.\nU.S. financial heavyweightsBank of AmericaCorp. andMorgan Stanley& Co. both beat analyst estimates in Q2 earnings, lifting investor sentiment. Later on Wednesday, Tesla, Netflix, United Airlines and Goldman Sachs Group all report earnings for Q2.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise interest rates by 25 basis points at the next meeting on July 26. U.S. interest rates are now at 5% to 5.25%, the highest since 2006.\n(Updates to add equity section)', 'Bitcoin slipped under US$30,000 in Wednesday morning trading in Asia on the back of profit-taking and liquidation of long positions after the recent run up on optimism spot exchange-traded funds for the token may win approval and attract institutional investment. Ether and most other top 10 non-stablecoin cryptocurrencies also declined in lower trading volume. Ripple’s XRP token was the exception, gaining almost 4% in early Asia trade as the tailwind continued from the company’s partial victory last week in the lawsuit brought by the U.S. securities regulator.\nBitcoin fell below the US$30,000 line that has offered floor support since late June and lost 2.46% for the week, according todatafrom CryptoMarketCap.\xa0 As of 06:40 a.m. in Hong Kong, the world’s biggest cryptocurrency traded at US$29,784.42, down 1.22% over the last 24 hours.\nThe token continued to fluctuate around the US$30,000 line later in the Asia morning as overall trading volume in cryptocurrencies fell more than 9% on the day.\nData from Coinglassshowed large liquidations in long positions in Bitcoin, or bets that prices for the token would rise further.\nEther dropped 0.76% to US$1,898.40, though it is still logging a 1.15% gain for the week.\nInvestors seemed unimpressed by the U.S. Securities and Exchange Commission (SEC)agreeingon Monday to review the application by digital asset manager Valkyrie Investments Inc. to launch a Bitcoin Spot exchange-traded fund (ETF).\nThe SEC agreed the same for the application by BlackRock on July 13, which along with several other Bitcoin ETF applications set off a bullish run in crypto for the past month. BlackRock is the world’s largest asset manager with US$9.4 trillion in assets. Tennessee-based Valkyriehad more thanUS$1 billion in assets under management in 2022.\nIn more background noise for crypto markets later today, Brian Armstrong – the chief executive officer of Coinbase, the largest crypto exchange in the U.S. – is expected to sit down with Democratic members of Congress to discuss regulation of digital assets, according toBloomberg.\nThe SEC suedCoinbaseon June 6, claiming that the exchange breached federal securities laws by offering unregistered financial securities to investors. Armstrong and other Coinbase executives havesaidthey will fight the SEC allegations in court.\nThe SEC on July 13 received asetbackin another lawsuit, filed more than two years ago, against Ripple Labs, when a U.S. district court ruled that Ripple Labs’ programmatic sales of its XRP cryptocurrency did not qualify as offerings of financial securities.\nThe Ripple ruling is a “potential watershed” for the broader crypto market, wrote Robert Quartly-Janeiro, the chief strategy officer of Singapore-based crypto exchange Bitrue, in an email statement shared withForkastTuesday.\nXRP was the only top 10 cryptocurrency to gain on Wednesday morning, adding 3.89% to US$0.7678, further extending its weekly surge of 61.26%.\nLosses were led by Polygon’s Matic and Solana. Polygon dipped 5.81% to US$0.7363, falling 0.36% in the past seven days.\nSolana lost 5.24% to US$25.33, but it’s holding gains of 15.01% for the week.\nThe total crypto market capitalization fell 0.50% in the past 24 hours to US$1.2 trillion, with trading volume dipping 9.49% to US$32.17 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.37% in the past 24 hours to 2,717.68 as of 07:45 a.m. in Hong Kong.\nTotal NFT trading volume fell 14.05% to US$17.83 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring the performance on Ethereum, Polygon and Cardano blockchains all dropped, while the Solana index rose.\n“We’re on pace for another yearly low for total global transactions today, and in general, sales are pretty unremarkable across blockchains,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “The top collections are struggling to even reach $500k in daily secondary sales, which is unusual to see. The index reflects a flat market.”\nEthereum-based Azuki NFT collection topped trading volume, rising 3.26% to US$972,691. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — ranked second in volume, gaining 5.05% to US$698,982.\nLuxury brand Louis Vuittonlaunchednew digital collectibles on Monday celebrating its Speedy 40 VIA bag, which was designed in collaboration with American singer-songwriter Pharrell.\n“Each [owner] will be given access to exclusive digital products, each accompanied by its physical twin,”tweetedGaspard Lézin, the NFT collection manager for Louis Vuitton, on Monday.\nU.S. stock futures traded flat as of 10:20 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Tuesday.\nIn Asia, Japan’s Nikkei 225 gained on the bullish U.S. market session that followed upbeat earnings reports from major corporations, according toTrading Economics.\nHowever, most other Asian stock markets continued a downtrend after China reported lower-than-expected economic growth of 6.3% for Q2 on Monday. The Shanghai Composite fell for the third consecutive session. Hong Kong’s Hang Seng, and South Korea’s Kospi also posted losses as of 10:40 a.m. in Hong Kong.\nU.S. financial heavyweightsBank of AmericaCorp. andMorgan Stanley& Co. both beat analyst estimates in Q2 earnings, lifting investor sentiment. Later on Wednesday, Tesla, Netflix, United Airlines and Goldman Sachs Group all report earnings for Q2.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise interest rates by 25 basis points at the next meeting on July 26. U.S. interest rates are now at 5% to 5.25%, the highest since 2006.\n(Updates to add equity section)', 'Bitcoin slipped under US$30,000 in Wednesday morning trading in Asia on the back of profit-taking and liquidation of long positions after the recent run up on optimism spot exchange-traded funds for the token may win approval and attract institutional investment. Ether and most other top 10 non-stablecoin cryptocurrencies also declined in lower trading volume. Ripple’s XRP token was the exception, gaining almost 4% in early Asia trade as the tailwind continued from the company’s partial victory last week in the lawsuit brought by the U.S. securities regulator. Bitcoin, Ether retreat Bitcoin fell below the US$30,000 line that has offered floor support since late June and lost 2.46% for the week, according to data from CryptoMarketCap.\xa0 As of 06:40 a.m. in Hong Kong, the world’s biggest cryptocurrency traded at US$29,784.42, down 1.22% over the last 24 hours. The token continued to fluctuate around the US$30,000 line later in the Asia morning as overall trading volume in cryptocurrencies fell more than 9% on the day. Data from Coinglass showed large liquidations in long positions in Bitcoin, or bets that prices for the token would rise further. Ether dropped 0.76% to US$1,898.40, though it is still logging a 1.15% gain for the week. Investors seemed unimpressed by the U.S. Securities and Exchange Commission (SEC) agreeing on Monday to review the application by digital asset manager Valkyrie Investments Inc. to launch a Bitcoin Spot exchange-traded fund (ETF). The SEC agreed the same for the application by BlackRock on July 13, which along with several other Bitcoin ETF applications set off a bullish run in crypto for the past month. BlackRock is the world’s largest asset manager with US$9.4 trillion in assets. Tennessee-based Valkyrie had more than US$1 billion in assets under management in 2022. In more background noise for crypto markets later today, Brian Armstrong – the chief executive officer of Coinbase, the largest crypto exchange in the U.S. – is expected to sit down with Democratic members of Congress to discuss regulation of digital assets, according to Bloomberg . Story continues The SEC sued Coinbase on June 6, claiming that the exchange breached federal securities laws by offering unregistered financial securities to investors. Armstrong and other Coinbase executives have said they will fight the SEC allegations in court. The SEC on July 13 received a setback in another lawsuit, filed more than two years ago, against Ripple Labs, when a U.S. district court ruled that Ripple Labs’ programmatic sales of its XRP cryptocurrency did not qualify as offerings of financial securities. The Ripple ruling is a “potential watershed” for the broader crypto market, wrote Robert Quartly-Janeiro, the chief strategy officer of Singapore-based crypto exchange Bitrue, in an email statement shared with Forkast Tuesday. XRP was the only top 10 cryptocurrency to gain on Wednesday morning, adding 3.89% to US$0.7678, further extending its weekly surge of 61.26%. Losses were led by Polygon’s Matic and Solana. Polygon dipped 5.81% to US$0.7363, falling 0.36% in the past seven days. Solana lost 5.24% to US$25.33, but it’s holding gains of 15.01% for the week. The total crypto market capitalization fell 0.50% in the past 24 hours to US$1.2 trillion, with trading volume dipping 9.49% to US$32.17 billion. NFT trade sinks toward yearly low The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.37% in the past 24 hours to 2,717.68 as of 07:45 a.m. in Hong Kong. Total NFT trading volume fell 14.05% to US$17.83 million in the past 24 hours, according to data from CryptoSlam . Forkast NFT market indexes measuring the performance on Ethereum, Polygon and Cardano blockchains all dropped, while the Solana index rose. “We’re on pace for another yearly low for total global transactions today, and in general, sales are pretty unremarkable across blockchains,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “The top collections are struggling to even reach $500k in daily secondary sales, which is unusual to see. The index reflects a flat market.” Ethereum-based Azuki NFT collection topped trading volume, rising 3.26% to US$972,691. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — ranked second in volume, gaining 5.05% to US$698,982. Luxury brand Louis Vuitton launched new digital collectibles on Monday celebrating its Speedy 40 VIA bag, which was designed in collaboration with American singer-songwriter Pharrell. “Each [owner] will be given access to exclusive digital products, each accompanied by its physical twin,” tweeted Gaspard Lézin, the NFT collection manager for Louis Vuitton, on Monday. U.S. futures flat; CME predicts 99.8% chance of Fed rate hike Image: Envato Elements U.S. stock futures traded flat as of 10:20 a.m. in Hong Kong after all three major U.S. indexes gained during regular trading on Tuesday. In Asia, Japan’s Nikkei 225 gained on the bullish U.S. market session that followed upbeat earnings reports from major corporations, according to Trading Economics . However, most other Asian stock markets continued a downtrend after China reported lower-than-expected economic growth of 6.3% for Q2 on Monday. The Shanghai Composite fell for the third consecutive session. Hong Kong’s Hang Seng, and South Korea’s Kospi also posted losses as of 10:40 a.m. in Hong Kong. U.S. financial heavyweights Bank of America Corp. and Morgan Stanley & Co. both beat analyst estimates in Q2 earnings, lifting investor sentiment. Later on Wednesday, Tesla, Netflix, United Airlines and Goldman Sachs Group all report earnings for Q2. The CME FedWatch Tool predicts a 99.8% chance the Fed will raise interest rates by 25 basis points at the next meeting on July 26. U.S. interest rates are now at 5% to 5.25%, the highest since 2006. (Updates to add equity section)', "REUTERS/Shannon Stapleton US stocks gained on a strong earnings season for among lenders. Earnings reports from Bank of America and Morgan Stanley beat expectations. But retail sales and industrial production fell short of hopes, signaling a consumer spending shift. US stocks climbed on Tuesday on strong bank earnings and as investors get ready for another wave of big reports to come on Wednesday. Retail sales and industrial production fell short of estimates to start the day on Tuesday.\xa0Retail rose by 0.2% in June, where estimates expected a 0.5% climb. At the same time, the Federal Reserve's measure of industrial production declined for a second month, dropping by 0.5%. Manufacturing output dropped 0.3%, the sharpest decline in three months. But weaker macro data was offset by an upside earnings surprise from Bank of America and Morgan Stanley, the latter of which beat estimates on record revenue in its wealth management unit. Looking ahead, Tesla and Netflix are among big names to release their earnings on Wednesday. Investors are expecting second-quarter reporting season to represent a trough in corporate earnings. Here's where US indexes stood at the 4:00 p.m. ET closing bell on Tuesday: S&P 500 : 4,554.98, up 0.71% Dow Jones Industrial Average : 34,951.93, up 1.06% (366.58 points) Nasdaq Composite : 14,353.64, up 0.76% Here's what else has happened today: Housing is facing its lowest inventory of all time as only 1% of homeowners sold their house in 2023's first half Tesla's board of directors will give back $735 million to settle claims of being overpaid. El Niño could cause inflation and supply chain disruptions , putting downside pressure on markets, Charles Schwab said. Investors are putting all their attention on Tesla's margins as they gear up for Wednesday's earnings report. A colder winter and a shut off in Russian gas exports would be bad news for Europe, the International Energy Agency warns. In commodities, bonds and crypto: West Texas Intermediate crude climbed 1.74% to $75.63 per barrel. Brent crude , oil's international benchmark, moved up 0.92% to $79.64. Gold rose 0.61% to $1977.36 per ounce. The yield on the 10-year Treasury edged up 0.4 basis points to 3.8%. Bitcoin declined 0.13% to $29,877.13. Read the original article on Business Insider", "• US stocks gained on a strong earnings season for among lenders.\n• Earnings reports from Bank of America and Morgan Stanley beat expectations.\n• But retail sales and industrial production fell short of hopes, signaling a consumer spending shift.\nUS stocks climbed on Tuesday on strong bank earnings and as investors get ready for another wave of big reports to come on Wednesday.\nRetail sales and industrial production fell short of estimates to start the day on Tuesday.\xa0Retail rose by 0.2% in June, where estimates expected a 0.5% climb. At the same time, the Federal Reserve's measure ofindustrial productiondeclined for a second month, dropping by 0.5%. Manufacturing output dropped 0.3%, the sharpest decline in three months.\nBut weaker macro data was offset by an upside earnings surprise from Bank of America and Morgan Stanley, the latter of which beat estimates on record revenue in its wealth management unit.\nLooking ahead,TeslaandNetflixare among big names to release their earnings on Wednesday. Investors are expecting second-quarter reporting season to represent a trough in corporate earnings.\nHere's where US indexes stood at the 4:00 p.m. ET closing bell on Tuesday:\n• S&P 500: 4,554.98, up 0.71%\n• Dow Jones Industrial Average: 34,951.93, up 1.06% (366.58 points)\n• Nasdaq Composite: 14,353.64, up 0.76%\nHere's what else has happened today:\n• Housing is facing its lowest inventoryof all time as only 1% of homeowners sold their house in 2023's first half\n• Tesla's board of directors will give back $735 millionto settle claims of being overpaid.\n• El Niño could cause inflation and supply chain disruptions, putting downside pressure on markets, Charles Schwab said.\n• Investors are putting all their attention on Tesla's marginsas they gear up for Wednesday's earnings report.\n• A colder winter and a shut off in Russian gas exportswould be bad news for Europe, the International Energy Agency warns.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeclimbed 1.74% to $75.63 per barrel.Brent crude, oil's international benchmark, moved up 0.92% to $79.64.\n• Goldrose 0.61% to $1977.36 per ounce.\n• The yield on the10-year Treasuryedged up 0.4 basis points to 3.8%.\n• Bitcoindeclined 0.13% to $29,877.13.\nRead the original article onBusiness Insider", "Crypto investors have poured money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.\nNew data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in four weeks to July 16. That's the second-highest monthly net inflow, only surpassed by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.\nThe total BTC-equivalent exposure is now at the highest since June 2022.\nETPs are a broad category of listed products that track some sort of underlying financial asset. Exchange Traded Funds (ETFs) are a particular subset of ETPs that typically hold a variety of financial products within a specific theme.\nWhile the Securities and Exchange Commission (SEC) has made the listing of crypto-based ETFs difficult, Europe,in contrast, has aplethora of ETPs availablefrom a range of issuers.\nLunde also noted that BITO has hit an all-time high of bitcoin equivalent exposure of 4,425 BTC. BITO provides investors with bitcoin-linked returns via a regulated product and holds over $1 billion worth of CME Bitcoin Futures.\n“BITO spikes have tended to occur near local market tops,” noted. “BITO's overall BTC exposure has structurally been flat from June 2022 until the past week, when the market saw its first notable range breakout.”\nIn June, BITO recorded itshighest-ever weekly inflowas BTC prices crossed $30,000. Toronto-listed bitcoin ETF BTCC, from Purpose Investments,is also reportinga high uptick in inward flow.", "Crypto investors have poured money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.\nNew data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in four weeks to July 16. That's the second-highest monthly net inflow, only surpassed by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.\nThe total BTC-equivalent exposure is now at the highest since June 2022.\nETPs are a broad category of listed products that track some sort of underlying financial asset. Exchange Traded Funds (ETFs) are a particular subset of ETPs that typically hold a variety of financial products within a specific theme.\nWhile the Securities and Exchange Commission (SEC) has made the listing of crypto-based ETFs difficult, Europe,in contrast, has aplethora of ETPs availablefrom a range of issuers.\nLunde also noted that BITO has hit an all-time high of bitcoin equivalent exposure of 4,425 BTC. BITO provides investors with bitcoin-linked returns via a regulated product and holds over $1 billion worth of CME Bitcoin Futures.\n“BITO spikes have tended to occur near local market tops,” noted. “BITO's overall BTC exposure has structurally been flat from June 2022 until the past week, when the market saw its first notable range breakout.”\nIn June, BITO recorded itshighest-ever weekly inflowas BTC prices crossed $30,000. Toronto-listed bitcoin ETF BTCC, from Purpose Investments,is also reportinga high uptick in inward flow.", 'A wallet that received over 61,000 ether (ETH) in the initial coin offering (ICO) eight years ago, transferred the entire amount to a wallet on Wednesday,blockchain datashows. The wallet is said to belong to crypto exchange Kraken.\nThese holdings are worth over $116 million at current prices. The ether was purchased for 31 cents a token during the ICO.\nWallet 0x8bmoved the tokensto another wallet, and then to theKraken-tagged wallet, the data shows. The owner of the wallet is unknown as of Wednesday. The only previous movement was when the wallet received ether from the genesis contract after Ethereum launched.\nSuch large movements from early participants are typically uncommon. This movement could mean the holder is preparing to sell tokens, stake on an exchange, or diversify their holdings for other tokens.\nThe movement is the latest in a line of old wallets moving tokens such as bitcoin (BTC) or ether (ETH) to exchanges this year.\nIn April, at least four wallets movedmillions worth of bitcoin to exchangesor to other wallets. These investors are colloquially known as "whales" because they hold large amounts of tokens in their digital wallets – which can influence the price or sentiment around a token because of the size of their holdings.', 'A wallet that received over 61,000 ether (ETH) in the initial coin offering (ICO) eight years ago, transferred the entire amount to a wallet on Wednesday, blockchain data shows. The wallet is said to belong to crypto exchange Kraken. These holdings are worth over $116 million at current prices. The ether was purchased for 31 cents a token during the ICO. Wallet 0x8b moved the tokens to another wallet, and then to the Kraken-tagged wallet , the data shows. The owner of the wallet is unknown as of Wednesday. The only Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $584,903,781,256 - Hash Rate: 396630963.9979439 - Transaction Count: 480249.0 - Unique Addresses: 745057.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin continued to trade flat at roughl$31,700 on Wednesday after the U.S. Bureau of Labor Statistics (BLS) published Junes inflation data , reflecting a monthly Consumer Price Index (CPI) increase of 0.2%, and a yearly increase of 3.0%. Ethereum also only faced a minor gain of 1.3%, per CoinGecko , and is now trading at nearly $1,900. The increase fell just short of economists' estimates as polled by Dow Jones, which expected a 0.3% month-over-month increase, and an annual rise of 3.1%. Meanwhile, core CPIwhich discounts the food and energy sectors due to their known volatilityrose by just 0.2% which is the smallest 1-month increase in that index since August 2021, per the BLS. Since March 2022, the Federal Reserve has rapidly risen its policy interest rate in a mission to bring searing inflation back to its 2% target in the United States, after peaking last June at 9.1%. So far, the central banks efforts seem to be paying off, with annualized inflation down 1% from last month alone. Sadly for investors, rising interest rates have also contributed to cratering stock and crypto prices throughout the last year, with both major tech and blockchain companies being forced to enact massive layoffs . As such, falling inflation is generally taken as bullish for markets, since it means the Fed is closer to ending its hawkish monetary policy. While the central bank chose to keep its policy rate unchanged last month, Fed Chairman Jerome Powell has been hesitant to indicate whether this means rate hikes will pause or resume in the near future. According to the CME FedWatch tool , markets are 91% confident that another 0.25% rate hike is in the cards at the next Federal Open Markets Committee Meeting (FOMC) on July 26. Bitcoin, Ethereum Falter as June Inflation Report Is Worse Than Expected Markets are still waiting on Junes Personal Consumption Index (PCI) figures, which track how consumers change their buying habits over time. This is the Feds preferred measure of inflation as its considered a strong predictor of where inflation is headed in the future. It currently projects this figure at 3.2%. Bitcoins non-reaction on Wednesday may be an indication of its current place in its cyclical market cycle. As reported by Glassnode on Monday, Bitcoins price has reached an equilibrium point which often signals an incoming accumulation phase during which the assets price trades flat for many months to come.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: XRP, XLM have a day in the spotlight. Bitcoin loses $30K. Insights: Ripple\'s partial victory left key questions unsettled. Preston Byrne told CoinDesk TV that lawmakers need to create a "legal regime" that accounts for digital assets\' unique characteristics. Prices CoinDesk Market Index (CMI) 1,260 +5.8 ▲ 0.5% Bitcoin (BTC) $29,917 +30.4 ▲ 0.1% Ethereum (ETH) $1,887 −10.7 ▼ 0.6% S&P 500 4,565.72 +10.7 ▲ 0.2% Gold $1,980 +3.0 ▲ 0.2% Nikkei 225 32,896.03 +402.1 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,260 +5.8 ▲ 0.5% Bitcoin (BTC) $29,917 +30.4 ▲ 0.1% Ethereum (ETH) $1,887 −10.7 ▼ 0.6% S&P 500 4,565.72 +10.7 ▲ 0.2% Gold $1,980 +3.0 ▲ 0.2% Nikkei 225 32,896.03 +402.1 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) XLM, XRP Lead Altcoin Rally XLM and XRP led a posse of altcoins out of a price quagmire of the past five days, rising by double-digits and outperforming still-sluggish bitcoin and ether on Wednesday. Blockchain-based payment platform Stellar Lumens\' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple\'s partial victory in a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents. Ripple\'s XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. The CoinDesk Market Index , a measure of crypto markets performance, was recently trading up 0.5% Markus Levin, co-founder of XYO Network, attributed XRP\'s Wednesday spike to continued excitement about last week\'s U.S. federal court decision, which established that XRP token sales on exchanges and through algorithms did not constitute investment contracts. The ruling has spurred a number of exchanges such as Coinbase, Kraken and Bitstamp to relist XRP, leading to a jump in investments, trading volumes and open interest for futures contracts. Story continues "In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures," Levin wrote in an email to CoinDesk. ADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900. Equity markets inched upward for a third consecutive day as investors continued their embrace of encouraging second quarter earnings by major financial services firms even after a 58% plunge in Goldman Sachs profits. The S&P 500 closed up 0.2%. In an email to CoinDesk, Lex Sokolin, managing Partner of Web3 investment fund Generative Ventures, wrote that markets\' lethargy in recent days reflects their cyclical nature. There\'s often "run-ups in anticipation and in response to news, and then a sell-off once the positive news has been incorporated into the price," Sokolin wrote. Crypto is full of momentum and narrative traders, and this pattern persists — "the market animal spirits." Noting multiple market friendly events in recent weeks, including the XRP decision, an improving macroeconomic landscape and BlackRock spot bitcoin ETF filing, he added: "Actually what matters is just the possibility of support." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +0.9% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −4.1% Smart Contract Platform Terra LUNA −1.7% Smart Contract Platform Cardano ADA −1.7% Smart Contract Platform Insights The Need for a Crypto-Specific "Legal Regime" A U.S. federal court\'s decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission (SEC). But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV\'s "First Mover program on Wednesday. Byrne said the ruling had surprised some lawyers by veering from more than 70 years of precedent following the Howey decision, which determines whether a transaction is a security. Regulators have wrestled with if and how the so-called Howey test should apply to digital assets. "The problem isn\'t that the decision provides certainty for Ripple in this particular litigation," Byrne said. "The reason there\'s uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent." Byrne added: "So as a consequence, you can\'t be sure where you stand in the United States. Some issuers are going to make the decision to proceed where perhaps they shouldn\'t, and other companies that might wish to proceed, if they had a beter regulatory regime – for example, in the United Kingdom or Europe, which provide a degree of certainty over regulatory treatment of tokens – may not so." The U.S. District Court of the Southern District of New York ruled that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. But the court decided less favorably to Ripple that the institutional sale of the tokens violated federal securities laws. Byrne said that "crypto isn\'t a security in the traditional sense," noting its "self-sovereign nature," and that "people spend it in applications which provide useful software." And he suggested that the U.S. Congress should create regulation that considers these unique characteristics. "We need a legal regime that recognizes that, while also providing enhanced protections for investors, such as regulation of financial promotions and disclosures by issuers, without shoehorning it (crypto) into a securities regime," Byrne said. He continued: "We need a regime which is make for crypto." Important events. EthCC (Paris, France) 9:30 a.m.HKT/SGT(1:30 UTC) Australia Unemployment Rate s.a. (June) 7:30 a.m. HKT/SGT(23:30 UTC) Japan National Consumer Price Index (YoY/June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Rep. Torres Calls on SEC to Rethink its \'Regulatory Assault\' on Crypto; Bitcoin Price Predictions Rep. Ritchie Torres (D-N.Y.) discussed the future of crypto regulation as the lawmaker calls out the SEC in the wake of the Ripple court ruling. Brown Rudnick partner Preston Byrne argued why the split decision from SEC v. Ripple Labs throws U.S. crypto-token regulation into disarray. And, ProChain Capital president David Tawil shared his crypto markets analysis. Headlines XRP Blockchain Still Faces Centralization Caveats as Ripple Regulatory Threat Recedes : Ripple scored a partial win against the SEC last week in a summary judgment that was celebrated across the crypto industry. Why does the project itself remain so controversial? The GBTC Discount Is Narrowing; Here\'s Why It Matters : The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts. Polygon Mulls Governance Restructure in Polygon 2.0 Roadmap : Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works. StarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings : The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native software stack. Solana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product : Marinade Finance contributors say the new service could appeal to institutional investors.', 'Good morning. Here’s what’s happening:\nPrices:XRP, XLM have a day in the spotlight. Bitcoin loses $30K.\nInsights:Ripple\'s partial victory left key questions unsettled. Preston Byrne told CoinDesk TV that lawmakers need to create a "legal regime" that accounts for digital assets\' unique characteristics.\nCoinDesk Market Index (CMI)\n1,260\n+5.8▲0.5%\nBitcoin (BTC)\n$29,917\n+30.4▲0.1%\nEthereum (ETH)\n$1,887\n−10.7▼0.6%\nS&P 500\n4,565.72\n+10.7▲0.2%\nGold\n$1,980\n+3.0▲0.2%\nNikkei 225\n32,896.03\n+402.1▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,260", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,917", "+30.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,887", "\\u221210.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,565.72", "+10.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,896.03", "+402.1\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nXLM, XRP Lead Altcoin Rally\nXLM and XRP led a posse of altcoins out of a price quagmire of the past five days, rising by double-digits and outperforming still-sluggish bitcoin and ether on Wednesday.\nBlockchain-based payment platform Stellar Lumens\' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple\'spartial victoryin a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents.\nRipple\'s XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. TheCoinDesk Market Index, a measure of crypto markets performance, was recently trading up 0.5%\nMarkus Levin, co-founder of XYO Network, attributed XRP\'s Wednesday spike to continued excitement about last week\'s U.S. federal court decision, which established that XRP token sales on exchanges and through algorithms did not constitute investment contracts. The ruling hasspurred a number of exchangessuch as Coinbase, Kraken and Bitstamp to relist XRP, leading to a jump in investments,trading volumesandopen interestfor futures contracts.\n"In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures," Levin wrote in an email to CoinDesk.\nADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900.\nEquity markets inched upward for a third consecutive day as investors continued their embrace of encouraging second quarter earnings by major financial services firms even after a 58% plunge in Goldman Sachs profits. The S&P 500 closed up 0.2%.\nIn an email to CoinDesk, Lex Sokolin, managing Partner of Web3 investment fund Generative Ventures, wrote that markets\' lethargy in recent days reflects their cyclical nature. There\'s often "run-ups in anticipation and in response to news, and then a sell-off once the positive news has been incorporated into the price," Sokolin wrote. Crypto is full of momentum and narrative traders, and this pattern persists — "the market animal spirits."\nNoting multiple market friendly events in recent weeks, including the XRP decision, an improving macroeconomic landscape and BlackRock spot bitcoin ETF filing, he added: "Actually what matters is just the possibility of support."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+0.9%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}]\nThe Need for a Crypto-Specific "Legal Regime"\nA U.S. federal court\'s decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission (SEC). But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV\'s "First Mover program on Wednesday.\nByrne said the ruling had surprised some lawyers by veering from more than 70 years of precedent following the Howey decision, which determines whether a transaction is a security. Regulators have wrestled with if and how the so-called Howey test should apply to digital assets.\n"The problem isn\'t that the decision provides certainty for Ripple in this particular litigation," Byrne said. "The reason there\'s uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent."\nByrne added: "So as a consequence, you can\'t be sure where you stand in the United States. Some issuers are going to make the decision to proceed where perhaps they shouldn\'t, and other companies that might wish to proceed, if they had a beter regulatory regime – for example, in the United Kingdom or Europe, which provide a degree of certainty over regulatory treatment of tokens – may not so."\nThe U.S. District Court of the Southern District of New Yorkruledthat the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. But the court decided less favorably to Ripple that the institutional sale of the tokens violated federal securities laws.\nByrne said that "crypto isn\'t a security in the traditional sense," noting its "self-sovereign nature," and that "people spend it in applications which provide useful software." And he suggested that the U.S. Congress should create regulation that considers these unique characteristics.\n"We need a legal regime that recognizes that, while also providing enhanced protections for investors, such as regulation of financial promotions and disclosures by issuers, without shoehorning it (crypto) into a securities regime," Byrne said.\nHe continued: "We need a regime which is make for crypto."\nEthCC (Paris, France)\n9:30 a.m.HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (June)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Torres Calls on SEC to Rethink its \'Regulatory Assault\' on Crypto; Bitcoin Price Predictions\nRep. Ritchie Torres (D-N.Y.) discussed the future of crypto regulation as the lawmaker calls out the SEC in the wake of the Ripple court ruling. Brown Rudnick partner Preston Byrne argued why the split decision from SEC v. Ripple Labs throws U.S. crypto-token regulation into disarray. And, ProChain Capital president David Tawil shared his crypto markets analysis.\nXRP Blockchain Still Faces Centralization Caveats as Ripple Regulatory Threat Recedes:Ripple scored a partial win against the SEC last week in a summary judgment that was celebrated across the crypto industry. Why does the project itself remain so controversial?\nThe GBTC Discount Is Narrowing; Here\'s Why It Matters:The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts.\nPolygon Mulls Governance Restructure in Polygon 2.0 Roadmap:Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works.\nStarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings:The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native software stack.\nSolana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product:Marinade Finance contributors say the new service could appeal to institutional investors.', 'Good morning. Here’s what’s happening:\nPrices:XRP, XLM have a day in the spotlight. Bitcoin loses $30K.\nInsights:Ripple\'s partial victory left key questions unsettled. Preston Byrne told CoinDesk TV that lawmakers need to create a "legal regime" that accounts for digital assets\' unique characteristics.\nCoinDesk Market Index (CMI)\n1,260\n+5.8▲0.5%\nBitcoin (BTC)\n$29,917\n+30.4▲0.1%\nEthereum (ETH)\n$1,887\n−10.7▼0.6%\nS&P 500\n4,565.72\n+10.7▲0.2%\nGold\n$1,980\n+3.0▲0.2%\nNikkei 225\n32,896.03\n+402.1▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,260", "+5.8\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,917", "+30.4\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,887", "\\u221210.7\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,565.72", "+10.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,980", "+3.0\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,896.03", "+402.1\\u25b21.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nXLM, XRP Lead Altcoin Rally\nXLM and XRP led a posse of altcoins out of a price quagmire of the past five days, rising by double-digits and outperforming still-sluggish bitcoin and ether on Wednesday.\nBlockchain-based payment platform Stellar Lumens\' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple\'spartial victoryin a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents.\nRipple\'s XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. TheCoinDesk Market Index, a measure of crypto markets performance, was recently trading up 0.5%\nMarkus Levin, co-founder of XYO Network, attributed XRP\'s Wednesday spike to continued excitement about last week\'s U.S. federal court decision, which established that XRP token sales on exchanges and through algorithms did not constitute investment contracts. The ruling hasspurred a number of exchangessuch as Coinbase, Kraken and Bitstamp to relist XRP, leading to a jump in investments,trading volumesandopen interestfor futures contracts.\n"In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures," Levin wrote in an email to CoinDesk.\nADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900.\nEquity markets inched upward for a third consecutive day as investors continued their embrace of encouraging second quarter earnings by major financial services firms even after a 58% plunge in Goldman Sachs profits. The S&P 500 closed up 0.2%.\nIn an email to CoinDesk, Lex Sokolin, managing Partner of Web3 investment fund Generative Ventures, wrote that markets\' lethargy in recent days reflects their cyclical nature. There\'s often "run-ups in anticipation and in response to news, and then a sell-off once the positive news has been incorporated into the price," Sokolin wrote. Crypto is full of momentum and narrative traders, and this pattern persists — "the market animal spirits."\nNoting multiple market friendly events in recent weeks, including the XRP decision, an improving macroeconomic landscape and BlackRock spot bitcoin ETF filing, he added: "Actually what matters is just the possibility of support."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+0.9%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22121.7%", "DACS Sector": "Smart Contract Platform"}]\nThe Need for a Crypto-Specific "Legal Regime"\nA U.S. federal court\'s decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission (SEC). But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV\'s "First Mover program on Wednesday.\nByrne said the ruling had surprised some lawyers by veering from more than 70 years of precedent following the Howey decision, which determines whether a transaction is a security. Regulators have wrestled with if and how the so-called Howey test should apply to digital assets.\n"The problem isn\'t that the decision provides certainty for Ripple in this particular litigation," Byrne said. "The reason there\'s uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent."\nByrne added: "So as a consequence, you can\'t be sure where you stand in the United States. Some issuers are going to make the decision to proceed where perhaps they shouldn\'t, and other companies that might wish to proceed, if they had a beter regulatory regime – for example, in the United Kingdom or Europe, which provide a degree of certainty over regulatory treatment of tokens – may not so."\nThe U.S. District Court of the Southern District of New Yorkruledthat the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. But the court decided less favorably to Ripple that the institutional sale of the tokens violated federal securities laws.\nByrne said that "crypto isn\'t a security in the traditional sense," noting its "self-sovereign nature," and that "people spend it in applications which provide useful software." And he suggested that the U.S. Congress should create regulation that considers these unique characteristics.\n"We need a legal regime that recognizes that, while also providing enhanced protections for investors, such as regulation of financial promotions and disclosures by issuers, without shoehorning it (crypto) into a securities regime," Byrne said.\nHe continued: "We need a regime which is make for crypto."\nEthCC (Paris, France)\n9:30 a.m.HKT/SGT(1:30 UTC)Australia Unemployment Rate s.a. (June)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan National Consumer Price Index (YoY/June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nRep. Torres Calls on SEC to Rethink its \'Regulatory Assault\' on Crypto; Bitcoin Price Predictions\nRep. Ritchie Torres (D-N.Y.) discussed the future of crypto regulation as the lawmaker calls out the SEC in the wake of the Ripple court ruling. Brown Rudnick partner Preston Byrne argued why the split decision from SEC v. Ripple Labs throws U.S. crypto-token regulation into disarray. And, ProChain Capital president David Tawil shared his crypto markets analysis.\nXRP Blockchain Still Faces Centralization Caveats as Ripple Regulatory Threat Recedes:Ripple scored a partial win against the SEC last week in a summary judgment that was celebrated across the crypto industry. Why does the project itself remain so controversial?\nThe GBTC Discount Is Narrowing; Here\'s Why It Matters:The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts.\nPolygon Mulls Governance Restructure in Polygon 2.0 Roadmap:Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works.\nStarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings:The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native software stack.\nSolana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product:Marinade Finance contributors say the new service could appeal to institutional investors.', 'Bitcoin edged higher in Thursday morning trading in Asia, along with most other top 10 non-stablecoin cryptocurrencies, but the token has lost much of its support at the US$30,000 line. Investors said buying enthusiasm for Bitcoin has faded after recent gains sparked by exchange-traded fund (ETF) applications and Ripple’s favorable court ruling in the case brought by the Securities and Exchange Commission. Ether fell back.\nBitcoin rose 0.44% to US$29,919.68 as of 6:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fluctuated around the US$30,000 support price earlier in the morning, but is now down 1.45% in the past seven days.\n“Crypto has been relatively flat following a stream of good news,” Nick Ruck, the chief operating officer of Singapore-based blockchain infrastructure platform ContentFi Labs, said in emailed comments. “The Bitcoin ETF news has been priced in and the market is waiting to see the financial products in action.”\nThe world’s largest asset manager, BlackRock and several other U.S. financial institutions startedfiling applicationsfor Spot Bitcoin ETFs from mid-June, helping move Bitcoin’s price north of US$31,500 at one stage last week.\nRuck added that the U.S. courtrulinglast week in favor of Ripple Labs and its XRP token also helped drive the price gains, but the case isn’t the end of the regulatory war since the SEC can appeal the case to a higher court.\n“This case also didn’t finalize whether XRP and other tokens are securities, but instead added more regulatory confusion on how and when a token can be considered a security in some cases but not others,” said Ruck.\nAdrian Wang, the chief executive officer of Hong Kong-based digital asset manager Metalpha, agreed the optimism around XRP and ETFs looked to have run out of steam. He added in emailed comments that XRP had only a partial victory as the district court said “institutional sales of the tokens violated federal securities laws.”\nNonetheless, Ripple was the biggest gainer among the top 10 non-stablecoin cryptocurrencies Thursday morning. The token jumped 8.02% to US$0.8275 and added to a weekly surge of 75.85%.\nOther gainers included Cardano, which added 5.81% to US$0.3224 and is up 12.04% for the week. Solana rose 4.67% to US$26.53 for a weekly gain of 20.62%.\nOn Wednesday, Solana Labs, the blockchain infrastructure developer behind the token of the same name,introduceda new developer tool named Solang that it said will make smart contracts on the blockchain more accessible.\nEther was the main loser in early Asia trading, with the second largest cryptocurrency by market capitalization slipping 0.37% to US$1,892.30.\xa0 However, it is still up 1.17% in the last week and has gained 57% for the year to date.\nThe total crypto market capitalization edged up 0.01% in the past 24 hours to US$1.2 trillion, with trading volume dipped 3.50% to US$31.11 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.25% in the past 24 hours to 2,710.26 as of 08:00 a.m. in Hong Kong. The index rose 0.47% in the last seven days.\nTotal NFT trading volume fell 16.91% to US$15.87 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\n“Sales are very slow across all blockchains, which allows for newer mints like Garbage Bags to enter the top 10 collection rankings with just over US$200,000 in sales,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Ethereum blockchain-based Garbage Bags placed seventh on CryptoSlam’s NFT collection ranking by trading volume, rising 19.75% to US$281,775. The NFT collection was firstmintedon July 17, with a supply of 6,500 NFTs.\nAzuki performed best in terms of sales volume on Thursday, surging 92.06% to US$826,007. ImmutableX’s trading card game NFT collection Gods Unchained placed second with US$679,479.\nTotal trading volume on Ethereum, the largest NFT network, dropped 22.08% to US$10.52 million, with 12,244 buyers.\n“Ethereum has managed to cross 10k unique buyers, a number it has only fallen below a few times this year,” commented Forkast Labs’ Petscher. However, there is now a sense that\xa0the 10,000 unique buyer threshold could soon be under threat.\n“With NFTs losing steam it’s likely we’ll see it fall below this threshold soon, especially as NFTs enter the slower time of the NFT market in the second half of the year,” Petscher added.\nTrading volume on the Bitcoin network also fell 8.14% to a thin trade of US$1.12 million. That figure is less than half the sales volume recorded on the network at the beginning of this month.\nDespite the general decline in market activity, NFTs continue to make an impact in the art world. New York’s Jackson Pollock Studioreleasedan art collection on Wednesday that includes both NFTs and physical prints of the late painter’s abstract expressionist work.\nNamed “Beyond the Edge,” the 500 Ethereum-based NFT artworks were released in collaboration with digital art platform Iconic Moments.\nElsewhere, at Wednesday’sArt+Tech Summitheld in New York’s Christie’s modern art museum,\xa0 a group of digital art experts gathered for a panel discussion titled “AI, Digital Assets and the Future of Museums and Galleries.”\nOne theme central to the discussion was the use of blockchain technologies including NFTs as a way of making\xa0 art institutions more accessible to audiences.\nSpeaking during the panel, Miami Institute of Contemporary Art’s Anthony Troisi said that the decentralized nature of NFT art offers vast possibilities for institutions, and that they are now “just scratching the surface” in the exploration of the technology — a potentially positive omen for the future of the wider NFT market.\nDuring Wednesday’s regular trading session, the Dow Jones and S&P 500 gained while the Nasdaq index dipped. The three major U.S. stock futures indexes dropped as of 11:20 a.m. in Hong Kong on Thursday, with the tech-heavy Nasdaq declining the most at 0.50%.\nTesla shares dropped despite reporting record-high quarterly revenue in Wednesday’s Q2 earnings call, aslower operating marginsoutweighed concern for investors. Elsewhere, stocks in Netflixplungedas the streaming giant posted lower-than-expected revenue.\nGoldman Sachs alsoreportedmissed estimates in its earnings report. The report revealed a 60% drop in profits during the second quarter due to write-downs in consumer business and real estate. However, with shares rising 2%, the firm’s CEO David Solomon nonetheless anticipates an imminent recovery in the investment banking sector.\nReutersreportsthat Solomon told a group of analysts via a conference call that he had noticed an increasing sense of positivity over the past six to eight weeks. “The inflation data’s been better, the client sentiment is better, and now we’ll have to watch and see,” he said.\nGlobal information technology conglomerateIBMreported mixed results in the second quarter. While earnings exceeded expectations,revenuefell short.\nInvestors now await more earnings reports on Thursday from U.S. heavyweights including Johnson & Johnson, Philip Morris, Lenovo Group and American Airlines.\nThe main stock markets in Asia were mixed. China’s Shanghai Composite Index and Japan’s Nikkei 225 fell, while Hong Kong’s Hang Seng Index jumped back up from a two-day decline. South Korea’s Kospi index also edged upward.\nMeanwhile, the U.S. Federal Reserve is holding its next Federal Open Market Committee meeting on July 26. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will use the meeting to announce a further 25 basis points raise that will take the interest rate to the 5.25%-5.50% range.\n(Updates to add equity section)', 'Bitcoin edged higher in Thursday morning trading in Asia, along with most other top 10 non-stablecoin cryptocurrencies, but the token has lost much of its support at the US$30,000 line. Investors said buying enthusiasm for Bitcoin has faded after recent gains sparked by exchange-traded fund (ETF) applications and Ripple’s favorable court ruling in the case brought by the Securities and Exchange Commission. Ether fell back.\nBitcoin rose 0.44% to US$29,919.68 as of 6:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency fluctuated around the US$30,000 support price earlier in the morning, but is now down 1.45% in the past seven days.\n“Crypto has been relatively flat following a stream of good news,” Nick Ruck, the chief operating officer of Singapore-based blockchain infrastructure platform ContentFi Labs, said in emailed comments. “The Bitcoin ETF news has been priced in and the market is waiting to see the financial products in action.”\nThe world’s largest asset manager, BlackRock and several other U.S. financial institutions startedfiling applicationsfor Spot Bitcoin ETFs from mid-June, helping move Bitcoin’s price north of US$31,500 at one stage last week.\nRuck added that the U.S. courtrulinglast week in favor of Ripple Labs and its XRP token also helped drive the price gains, but the case isn’t the end of the regulatory war since the SEC can appeal the case to a higher court.\n“This case also didn’t finalize whether XRP and other tokens are securities, but instead added more regulatory confusion on how and when a token can be considered a security in some cases but not others,” said Ruck.\nAdrian Wang, the chief executive officer of Hong Kong-based digital asset manager Metalpha, agreed the optimism around XRP and ETFs looked to have run out of steam. He added in emailed comments that XRP had only a partial victory as the district court said “institutional sales of the tokens violated federal securities laws.”\nNonetheless, Ripple was the biggest gainer among the top 10 non-stablecoin cryptocurrencies Thursday morning. The token jumped 8.02% to US$0.8275 and added to a weekly surge of 75.85%.\nOther gainers included Cardano, which added 5.81% to US$0.3224 and is up 12.04% for the week. Solana rose 4.67% to US$26.53 for a weekly gain of 20.62%.\nOn Wednesday, Solana Labs, the blockchain infrastructure developer behind the token of the same name,introduceda new developer tool named Solang that it said will make smart contracts on the blockchain more accessible.\nEther was the main loser in early Asia trading, with the second largest cryptocurrency by market capitalization slipping 0.37% to US$1,892.30.\xa0 However, it is still up 1.17% in the last week and has gained 57% for the year to date.\nThe total crypto market capitalization edged up 0.01% in the past 24 hours to US$1.2 trillion, with trading volume dipped 3.50% to US$31.11 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.25% in the past 24 hours to 2,710.26 as of 08:00 a.m. in Hong Kong. The index rose 0.47% in the last seven days.\nTotal NFT trading volume fell 16.91% to US$15.87 million in the past 24 hours, according to data fromCryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\n“Sales are very slow across all blockchains, which allows for newer mints like Garbage Bags to enter the top 10 collection rankings with just over US$200,000 in sales,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News.\nThe Ethereum blockchain-based Garbage Bags placed seventh on CryptoSlam’s NFT collection ranking by trading volume, rising 19.75% to US$281,775. The NFT collection was firstmintedon July 17, with a supply of 6,500 NFTs.\nAzuki performed best in terms of sales volume on Thursday, surging 92.06% to US$826,007. ImmutableX’s trading card game NFT collection Gods Unchained placed second with US$679,479.\nTotal trading volume on Ethereum, the largest NFT network, dropped 22.08% to US$10.52 million, with 12,244 buyers.\n“Ethereum has managed to cross 10k unique buyers, a number it has only fallen below a few times this year,” commented Forkast Labs’ Petscher. However, there is now a sense that\xa0the 10,000 unique buyer threshold could soon be under threat.\n“With NFTs losing steam it’s likely we’ll see it fall below this threshold soon, especially as NFTs enter the slower time of the NFT market in the second half of the year,” Petscher added.\nTrading volume on the Bitcoin network also fell 8.14% to a thin trade of US$1.12 million. That figure is less than half the sales volume recorded on the network at the beginning of this month.\nDespite the general decline in market activity, NFTs continue to make an impact in the art world. New York’s Jackson Pollock Studioreleasedan art collection on Wednesday that includes both NFTs and physical prints of the late painter’s abstract expressionist work.\nNamed “Beyond the Edge,” the 500 Ethereum-based NFT artworks were released in collaboration with digital art platform Iconic Moments.\nElsewhere, at Wednesday’sArt+Tech Summitheld in New York’s Christie’s modern art museum,\xa0 a group of digital art experts gathered for a panel discussion titled “AI, Digital Assets and the Future of Museums and Galleries.”\nOne theme central to the discussion was the use of blockchain technologies including NFTs as a way of making\xa0 art institutions more accessible to audiences.\nSpeaking during the panel, Miami Institute of Contemporary Art’s Anthony Troisi said that the decentralized nature of NFT art offers vast possibilities for institutions, and that they are now “just scratching the surface” in the exploration of the technology — a potentially positive omen for the future of the wider NFT market.\nDuring Wednesday’s regular trading session, the Dow Jones and S&P 500 gained while the Nasdaq index dipped. The three major U.S. stock futures indexes dropped as of 11:20 a.m. in Hong Kong on Thursday, with the tech-heavy Nasdaq declining the most at 0.50%.\nTesla shares dropped despite reporting record-high quarterly revenue in Wednesday’s Q2 earnings call, aslower operating marginsoutweighed concern for investors. Elsewhere, stocks in Netflixplungedas the streaming giant posted lower-than-expected revenue.\nGoldman Sachs alsoreportedmissed estimates in its earnings report. The report revealed a 60% drop in profits during the second quarter due to write-downs in consumer business and real estate. However, with shares rising 2%, the firm’s CEO David Solomon nonetheless anticipates an imminent recovery in the investment banking sector.\nReutersreportsthat Solomon told a group of analysts via a conference call that he had noticed an increasing sense of positivity over the past six to eight weeks. “The inflation data’s been better, the client sentiment is better, and now we’ll have to watch and see,” he said.\nGlobal information technology conglomerateIBMreported mixed results in the second quarter. While earnings exceeded expectations,revenuefell short.\nInvestors now await more earnings reports on Thursday from U.S. heavyweights including Johnson & Johnson, Philip Morris, Lenovo Group and American Airlines.\nThe main stock markets in Asia were mixed. China’s Shanghai Composite Index and Japan’s Nikkei 225 fell, while Hong Kong’s Hang Seng Index jumped back up from a two-day decline. South Korea’s Kospi index also edged upward.\nMeanwhile, the U.S. Federal Reserve is holding its next Federal Open Market Committee meeting on July 26. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will use the meeting to announce a further 25 basis points raise that will take the interest rate to the 5.25%-5.50% range.\n(Updates to add equity section)', 'Robert F. Kennedy Jr Promises to Back US Dollar With Bitcoin, Remove Capital Gains Tax for BTC if Elected Democratic Presidential Candidate Robert F. Kennedy Jr. Made These Pro-Bitcoin Remarks Democratic presidential candidate Robert F. Kennedy Jr. has proposed backing the US dollar with Bitcoin if he is elected president. Kennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency. He also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US. Kennedy made these pro-Bitcoin remarks following his announcement that he would accept contributions to his political campaign in Bitcoin and his disclosure that he may own up to $250,000 worth of Bitcoin . Other candidates for president have also made broad commitments related to cryptocurrencies, with Republican Ron DeSantis promising to outlaw central bank digital currencies if elected. View comments', 'Democratic presidential candidateRobert F. Kennedy Jr.has proposed backing the US dollar withBitcoinif he is elected president.\nKennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency.\nHe also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US. Kennedy made these pro-Bitcoin remarks following his announcement that he would accept contributions to his political campaign in Bitcoin and hisdisclosure that he may own up to $250,000 worth of Bitcoin.\nOther candidates for president have also made broad commitments related to cryptocurrencies, with Republican Ron DeSantis promising to outlaw central bank digital currencies if elected.', 'Democratic presidential candidateRobert F. Kennedy Jr.has proposed backing the US dollar withBitcoinif he is elected president.\nKennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency.\nHe also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US. Kennedy made these pro-Bitcoin remarks following his announcement that he would accept contributions to his political campaign in Bitcoin and hisdisclosure that he may own up to $250,000 worth of Bitcoin.\nOther candidates for president have also made broad commitments related to cryptocurrencies, with Republican Ron DeSantis promising to outlaw central bank digital currencies if elected.', "Tesla\x92s Bitcoin Holdings on Balance Sheet Remains at $184M Tesla\x92s Bitcoin Holdings on Balance Sheet Remained Unchanged Tesla's digital asset holdings remained unchanged, with $184 million worth of digital assets still included on its balance sheet as of Q2 2023. Due to accounting regulations that prevent unrealized gains on cryptocurrencies from being recorded, the value of the holdings remained unchanged throughout the quarter even though the price of Bitcoin increased by about 7%. Tesla reported purchasing $1.5 billion in Bitcoin in February 2021 and selling almost 75% of its Bitcoin holdings in Q2 2022, bringing the entire value of digital assets on its balance sheet down to $218 million. Tesla's CEO, Elon Musk, stated that the firm is open to boosting its Bitcoin holdings in the future during the company's earnings call in July 2022. Later, in Q4 2022, the corporation cut its holdings of digital assets from $218 million to $184 million, and it has remained at that level ever since. Musk is known for his fondness for Dogecoin but has also said he's not advising anyone to buy crypto or bet the farm on Dogecoin.", "Tesla's digital asset holdings remained unchanged, with $184 million worth of digital assets still included on its balance sheet as of Q2 2023.\nDue to accounting regulations that prevent unrealized gains on cryptocurrencies from being recorded, the value of the holdings remained unchanged throughout the quarter even though the price ofBitcoinincreased by about 7%.\nTesla reported purchasing $1.5 billion in Bitcoin in February 2021 and selling almost 75% of its Bitcoin holdings in Q2 2022, bringing the entire value of digital assets on its balance sheet down to $218 million.\nTesla's CEO, Elon Musk, stated that the firm is open to boosting its Bitcoin holdings in the future during the company's earnings call in July 2022. Later, in Q4 2022, the corporation cut its holdings of digital assets from $218 million to $184 million, and it has remained at that level ever since.\nMusk is known for his fondness forDogecoinbut has also said he's not advising anyone to buy crypto or bet the farm on Dogecoin.", "Tesla's digital asset holdings remained unchanged, with $184 million worth of digital assets still included on its balance sheet as of Q2 2023.\nDue to accounting regulations that prevent unrealized gains on cryptocurrencies from being recorded, the value of the holdings remained unchanged throughout the quarter even though the price ofBitcoinincreased by about 7%.\nTesla reported purchasing $1.5 billion in Bitcoin in February 2021 and selling almost 75% of its Bitcoin holdings in Q2 2022, bringing the entire value of digital assets on its balance sheet down to $218 million.\nTesla's CEO, Elon Musk, stated that the firm is open to boosting its Bitcoin holdings in the future during the company's earnings call in July 2022. Later, in Q4 2022, the corporation cut its holdings of digital assets from $218 million to $184 million, and it has remained at that level ever since.\nMusk is known for his fondness forDogecoinbut has also said he's not advising anyone to buy crypto or bet the farm on Dogecoin.", "Reuters / Brendan McDermid Stocks rose on Wednesday, with the Dow extending its winning streak to eight days. Investors are hoping for more upbeat earnings reports for the second quarter. Big tech firms including Tesla, Netflix, and IBM are set to report after the closing bell. Stocks rose Wednesday as earnings season ramped up, with the Dow Jones Industrial Average notching its eighth consecutive gain. Blue chips are now in their longest winning streak since September 2019 and are at their highest level since early 2022. Investors are hoping for more upbeat earnings amid a strong reporting season so far. Of the S&P 500 companies that have released their financials for the second quarter, 80% have reported earnings above analysts' estimates, FactSet data shows. Markets are eyeing earnings for Big Tech firms next, with Tesla , Netflix , and IBM set to report late Wednesday. Here's where US indexes stood shortly after the 4 p.m. ET closing bell on Wednesday: S&P 500 : 4,565.72, up 0.24% Dow Jones Industrial Average : 35,061.21, up 0.31% (109.28 points) Nasdaq Composite : 14,358.02, up 0.03% Here's what else is happening today: There's one reason to buy Tesla stock — and it has nothing to do with its EV business, according to one strategist. Investors pumped $45 billion into stocks last month , the biggest inflow seen in over a year. Office vacancy just hit an all-time-high despite more people returning to in-person work. Buyers are getting rejected for loans at the fastest rate in five years. There are four bearish scenarios that could rock the stock market by year-end, according to DataTrek Research. Russia received millions worth in equipment from the US to keep its oil trade afloat, according to a new report. In commodities, bonds, and crypto: Oil fell. West Texas Intermediate crude slipped 0.6% to $75.30 a barrel. Brent, the international benchmark, slipped 0.3% to $79.39 per barrel. Gold inched lower 0.03% to $1,978.31 an ounce. The 10-year Treasury yield dipped 4 basis points to 3.742%. Bitcoin ticked higher 0.63% to $30,064. Read the original article on Business Insider View comments", "• Stocks rose on Wednesday, with the Dow extending its winning streak to eight days.\n• Investors are hoping Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $578,785,359,094 - Hash Rate: 343032185.0793028 - Transaction Count: 400400.0 - Unique Addresses: 685150.0 Social & AI Sentiment: - Fear & Greed Index: 0.56 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Abhirup Roy SAN FRANCISCO (Reuters) - BTC Power will add Tesla's standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford and General Motors sent shockwaves through the industry by adopting the technology. Privately-owned BTC, a supplier to 7-Eleven and fleet operators, is the fourth major fast charger maker to embrace Tesla's standard, following ABB E-mobility North America, Tritium DCFC, and SK Signet. A national EV charging network is key to addressing worries about range and luring customers away from combustion engine driven vehicles and BTC's decision accelerates Tesla's push to dominate the nascent yet fast-growing industry. "By including the NACS (North American Charging Standard) connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said. Santa Ana, California-based BTC has sold more than 22,000 chargers - more than half of them high-speed ones - to charge point operators, fleets and retailers, and counts Electrify America, Ford and Amazon.com among its customers. Reuters first reported on Tuesday that electric pickup maker Rivian would adopt Tesla's charging standard. Along with the backing of the two Detroit automakers, that also helps Tesla chief Elon Musk's push to upend the Combined Charging System (CCS) favored by the Biden administration. The White House, which aims to spur deployment of hundreds of thousands of chargers, said this month EV charging stations with Tesla plugs would be eligible for billions of dollars in federal subsidies as long as they offer CCS connectivity. Charger makers and CCS operators such as EVgo and Chargepoint have rushed to announce the addition of NACS, despite certain concerns, vying to win Tesla users and limit the risk of losing billing if they only offer CCS. Tesla shares gained 5% on Tuesday and have more than doubled so far this year. Rivian was up 5.8% on Tuesday. Its stock has lost 19% this year. (Reporting by Abhirup Roy in San Francisco; Editing by Peter Henderson and Alexander Smith) View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory.\nInsights:Bitcoin\'s Fear and Greed Index reflects a market that hasn\'t been going anywhere fast for the better part of six weeks.\nCoinDesk Market Index (CMI)\n1,258\n−0.9▼0.1%\nBitcoin (BTC)\n$29,809\n−101.1▼0.3%\nEthereum (ETH)\n$1,892\n+2.9▲0.2%\nS&P 500\n4,534.87\n−30.9▼0.7%\nGold\n$1,975\n−3.0▼0.2%\nNikkei 225\n32,490.52\n−405.5▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "\\u22120.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,809", "\\u2212101.1\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,892", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,534.87", "\\u221230.9\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "\\u22123.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,490.52", "\\u2212405.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nMarkets Remain Sluggish, but Not LINK\nA tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance.\nBitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long.\n“There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk.\nGeorgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market."\nEther, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much.\nThe big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink\'s release of an interoperability protocol.\nRead More:Chainlink\'s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live\nTheCoinDesk Market Index, a measure of crypto markets performance was recently down 0.1%.\nEquity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend.\nStill, Pastel Network\'s Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards.\nHe added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221217.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22126.2%", "DACS Sector": "Smart Contract Platform"}]\nFear and Greed Turns Neutral\nTheBitcoin Fear and Greed Indexhas fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently.\nThe metric, derived byAlternative.me, gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed.\nOften, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated.\nThe most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction.\nAll told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nETHGlobal Paris (France)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Retail Sales (MoM/June)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC\'s Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG\nBitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup\'s latest funding round. And,StockCharts.com\'s Julius de Kempenaer shared his crypto markets analysis.\nCoinbase to Wind Down Lending Program Over Coming Months:The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20.\nTokenized: This Week in Real-World Assets:A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.\nMacro State of Crypto – Where It Has Been and What\'s Next:Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.\nChainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release:The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.', 'Good morning. Here’s what’s happening: Prices: Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory. Insights: Bitcoin\'s Fear and Greed Index reflects a market that hasn\'t been going anywhere fast for the better part of six weeks. Prices CoinDesk Market Index (CMI) 1,258 −0.9 ▼ 0.1% Bitcoin (BTC) $29,809 −101.1 ▼ 0.3% Ethereum (ETH) $1,892 +2.9 ▲ 0.2% S&P 500 4,534.87 −30.9 ▼ 0.7% Gold $1,975 −3.0 ▼ 0.2% Nikkei 225 32,490.52 −405.5 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,258 −0.9 ▼ 0.1% Bitcoin (BTC) $29,809 −101.1 ▼ 0.3% Ethereum (ETH) $1,892 +2.9 ▲ 0.2% S&P 500 4,534.87 −30.9 ▼ 0.7% Gold $1,975 −3.0 ▼ 0.2% Nikkei 225 32,490.52 −405.5 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Markets Remain Sluggish, but Not LINK A tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long. “There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk. Georgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market." Ether, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much. Story continues The big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink\'s release of an interoperability protocol. Read More: Chainlink\'s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live The CoinDesk Market Index , a measure of crypto markets performance was recently down 0.1%. Equity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend. Still, Pastel Network\'s Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards. He added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +2.4% Entertainment Ethereum ETH +0.4% Smart Contract Platform Cosmos ATOM +0.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −17.4% Smart Contract Platform XRP XRP −6.6% Currency Cardano ADA −6.2% Smart Contract Platform Insights Fear and Greed Turns Neutral The Bitcoin Fear and Greed Index has fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently. The metric, derived by Alternative.me , gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed. Often, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated. The most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction. All told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future. (Glassnode) This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. ETHGlobal Paris (France) 2:00 p.m. HKT/SGT(6:00 UTC) United Kingdom Retail Sales (MoM/June) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Retail Sales (MoM/May) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SEC\'s Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG Bitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup\'s latest funding round. And, StockCharts.com \'s Julius de Kempenaer shared his crypto markets analysis. Headlines Coinbase to Wind Down Lending Program Over Coming Months : The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20. Tokenized: This Week in Real-World Assets : A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain. Macro State of Crypto – Where It Has Been and What\'s Next : Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds. Chainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release : The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory.\nInsights:Bitcoin\'s Fear and Greed Index reflects a market that hasn\'t been going anywhere fast for the better part of six weeks.\nCoinDesk Market Index (CMI)\n1,258\n−0.9▼0.1%\nBitcoin (BTC)\n$29,809\n−101.1▼0.3%\nEthereum (ETH)\n$1,892\n+2.9▲0.2%\nS&P 500\n4,534.87\n−30.9▼0.7%\nGold\n$1,975\n−3.0▼0.2%\nNikkei 225\n32,490.52\n−405.5▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "\\u22120.9\\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,809", "\\u2212101.1\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,892", "+2.9\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,534.87", "\\u221230.9\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "\\u22123.0\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,490.52", "\\u2212405.5\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nMarkets Remain Sluggish, but Not LINK\nA tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance.\nBitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long.\n“There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk.\nGeorgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market."\nEther, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much.\nThe big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink\'s release of an interoperability protocol.\nRead More:Chainlink\'s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live\nTheCoinDesk Market Index, a measure of crypto markets performance was recently down 0.1%.\nEquity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend.\nStill, Pastel Network\'s Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards.\nHe added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221217.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22126.2%", "DACS Sector": "Smart Contract Platform"}]\nFear and Greed Turns Neutral\nTheBitcoin Fear and Greed Indexhas fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently.\nThe metric, derived byAlternative.me, gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed.\nOften, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated.\nThe most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction.\nAll told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future.\nThis article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy.\nETHGlobal Paris (France)\n2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Retail Sales (MoM/June)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/May)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC\'s Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG\nBitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup\'s latest funding round. And,StockCharts.com\'s Julius de Kempenaer shared his crypto markets analysis.\nCoinbase to Wind Down Lending Program Over Coming Months:The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20.\nTokenized: This Week in Real-World Assets:A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.\nMacro State of Crypto – Where It Has Been and What\'s Next:Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.\nChainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release:The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.', 'Bitcoin fell on Friday morning in Asia as other top 10 non-stablecoin cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000 after a week that saw buyers retreat. Developments in applications for Bitcoin exchange-traded funds (ETFs) failed to generate fresh investment, though some commentators say the pent up demand is there. Ether traded flat and is also a loser for the week. Matic led the early gainers on Friday, but is also in the red for the week. Bitcoin backs off Bitcoin fell 0.18% to US$29,824.09 as of 6:40 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency has lost 4.53% in the past seven days. The drop came amid further developments in Bitcoin exchange-traded fund (ETF) applications by U.S. asset managers. Spot Bitcoin ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree on July 19 were published in the Federal Register, which means the Securities and Exchange Commission (SEC) now has up to 240 days to accept or request the applications, according to Bloomberg . Bloomberg research analyst James Seyffart wrote on Twitter that while this sets the clock ticking, the SEC may still reject all the applications. BlackRock, the world’s largest asset manager, filed its spot Bitcoin ETF application on June 15, sparking a round of buying of cryptocurrencies on expectations more institutional funds will start investing in the asset class. While that enthusiasm has faded, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro said\xa0latent demand for cryptocurrencies remains, although\xa0 “the momentum is far from euphoric.”\xa0 Kuptsikevich added that Bitcoin continued to find support this week on dips below $30,000. “A move to the upper boundary at $31,300 is most likely in this environment,” he said. Asia Pacific institutional investors “remain constructive across the digital asset complex following last week’s positive news on [ETFs],” said Matt Long, the APAC general manager of California-based international crypto brokerage FalconX. “They are well positioned for further appreciation in markets,” said Long in an emailed statement to Forkast . Story continues U.S.-based digital asset manager Grayscale Investments said in a Friday report that about half of Bitcoin’s 80% increase from December to mid-July relates to macro developments, while the rest is due to Bitcoin-specific positives. “Crypto no longer behaves as its own ecosystem: Bitcoin and other digital assets are now more correlated with other market indicators,” according to the report. “Since January 2023, Bitcoin has appreciated more than can be explained by the rally in tech stocks and fall in the US Dollar. We think this reflects idiosyncratic positives, including optimism about eventual spot Bitcoin ETF approval, as well as Bitcoin’s surge in March following stress in regional banks,” Grayscale said. “Valuations are now more closely tied to broader macro trends, and more Fed tightening could be a headwind for higher risk assets, including both equities and cryptocurrencies,” the report said. Back in Asia Friday morning trading, Ether edged up 0.31% to US$1,895.14, while falling 4.70% in the last week. Other top 10 non-stablecoin cryptocurrencies were mixed — Polygon’s Matic led gainers, rising 3.42% to US$0.7711. However, it posted a weekly loss of 8.46%. Polygon Labs is currently working on developing Polygon 2.0, a series of updates to the blockchain that the company says aim to make network governance more open and inclusive. Solana was the biggest loser among the top 10, declining 3.53% to US$25.49, amid a 0.72% weekly loss. The total crypto market capitalization edged down 0.15% in the past 24 hours to US$1.2 trillion, while trading volume jumped 19.19% to US$37.15 billion. NFTs fall; OpenSea launches swap feature The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.56% in the past 24 hours to 2,696.41 as of 08:30 a.m. in Hong Kong. The index gained a flat 0.01% in the last seven days. Total NFT trading volume rose 1.62% to US$18.69 million in the past 24 hours, according to data from CryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose. On Thursday, NFT marketplace OpenSea announced that it is launching “Deals,” a new peer-to-peer NFT swap function. The company said in a tweet that this will help users avoid falling victim to “sketchy DMs & websites” as OpenSea will provide the platform for users to directly engage with each other. Yehudah Petscher, NFT Strategist at Forkast Labs, says this feature is “more significant than people may realize.” “One of the primary ways people are scammed in the NFT space is through fake trades. Often, legitimate trade sites are spoofed, and then trades offered through there,” said Petscher. “Now collectors will be able to trade using a platform they’re already familiar with and trust, and the best part is there are no fees involved other than gas.” Currently, OpenSea allows only ERC-721 NFTs on Ethereum from verified collections to be traded on Deals. To make a “deal,” a user can offer one or more NFTs in return for another user’s NFTs, where one can also choose to add wrapped Ether (WETF) as part of the offer. The user accepting the deal will have to pay gas fees, according to OpenSea . “Easy to use, and hopefully will have a major impact on lowering scams. This was long overdue.” Petscher said. Elsewhere, Yuga Labs’ Bored Ape Yacht Club topped CryptoSlam’s NFT collection ranking by trading volume, rising 3.80% in the last day to US$1.4 million. Ethereum was the top performing blockchain network by NFT trade volume, gaining 5.63% to US$13.73 million. Solana placed second, up 4.41% to US$1 million. U.S. equity futures gain after mixed session U.S. Federal Reserve Board Chairman Jerome Powell \| Image: Getty Images The three major U.S. stock futures indexes gained as of 11:10 a.m. in Hong Kong on Friday, after equities had a mixed regular trading session on Thursday. The Dow Jones gained on top of strong Q2 earnings reports from Johnson & Johnson and Goldman Sachs. The S&P 500 and Nasdaq 100 slipped as Tesla tumbled on weak second-quarter gross margins and Netflix reported less-than-expected revenue. In Asia, China’s Shanghai Composite Index gained, partially recovering from disappointing economic growth data for Q2. Investors are betting on Beijing to step up its economic stimulus measures, according to Trading Economics . Hong Kong’s Hang Seng Index also rose on China news of authorities possibly easing home buying limits in big cities. Japan’s Nikkei 225 dipped after its inflation rate rose slightly in June. South Korea’s Kospi also slipped. On macro events, the next U.S. Federal Open Market Committee meeting is next week on July 26 when the central bank will make its next move on U.S. interest rates. The CME FedWatch Tool predicts a 99.8% chance that the Fed will announce a further 25 basis points raise that will take rates to the 5.25%-5.50% range, which will be the highest since January 2001. (Updates to add equity section)', 'Bitcoin fell on Friday morning in Asia as other top 10 non-stablecoin cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000 after a week that saw buyers retreat. Developments in applications for Bitcoin exchange-traded funds (ETFs) failed to generate fresh investment, though some commentators say the pent up demand is there. Ether traded flat and is also a loser for the week. Matic led the early gainers on Friday, but is also in the red for the week.\nBitcoin fell 0.18% to US$29,824.09 as of 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency has lost 4.53% in the past seven days.\nThe drop came amid further developments in Bitcoin exchange-traded fund (ETF) applications by U.S. asset managers.\nSpot Bitcoin ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree on July 19 werepublishedin the Federal Register, which means the Securities and Exchange Commission (SEC) now has up to 240 days to accept or request the applications, according toBloomberg.\nBloomberg research analyst James Seyffartwroteon Twitter that while this sets the clock ticking, the SEC may still reject all the applications.\nBlackRock, the world’s largest asset manager, filed its spot Bitcoin ETF application on June 15, sparking a round of buying of cryptocurrencies on expectations more institutional funds will start investing in the asset class.\nWhile that enthusiasm has faded, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro said\xa0latent demand for cryptocurrencies remains, although\xa0 “the momentum is far from euphoric.”\xa0 Kuptsikevich added that Bitcoin continued to find support this week on dips below $30,000. “A move to the upper boundary at $31,300 is most likely in this environment,” he said.\nAsia Pacific institutional investors “remain constructive across the digital asset complex following last week’s positive news on [ETFs],” said Matt Long, the APAC general manager of California-based international crypto brokerage FalconX. “They are well positioned for further appreciation in markets,” said Long in an emailed statement toForkast.\nU.S.-based digital asset manager Grayscale Investmentssaid in a Friday reportthat about half of Bitcoin’s 80% increase from December to mid-July relates to macro developments, while the rest is due to Bitcoin-specific positives.\n“Crypto no longer behaves as its own ecosystem: Bitcoin and other digital assets are now more correlated with other market indicators,” according to the report.\n“Since January 2023, Bitcoin has appreciated more than can be explained by the rally in tech stocks and fall in the US Dollar. We think this reflects idiosyncratic positives, including optimism about eventual spot Bitcoin ETF approval, as well as Bitcoin’s surge in March following stress in regional banks,” Grayscale said.\n“Valuations are now more closely tied to broader macro trends, and more Fed tightening could be a headwind for higher risk assets, including both equities and cryptocurrencies,” the report said.\nBack in Asia Friday morning trading, Ether edged up 0.31% to US$1,895.14, while falling 4.70% in the last week.\nOther top 10 non-stablecoin cryptocurrencies were mixed — Polygon’s Matic led gainers, rising 3.42% to US$0.7711. However, it posted a weekly loss of 8.46%.\nPolygon Labs is currently working on developing Polygon 2.0, a series of updates to the blockchain that the companysaysaim to make network governance more open and inclusive.\nSolana was the biggest loser among the top 10, declining 3.53% to US$25.49, amid a 0.72% weekly loss.\nThe total crypto market capitalization edged down 0.15% in the past 24 hours to US$1.2 trillion, while trading volume jumped 19.19% to US$37.15 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.56% in the past 24 hours to 2,696.41 as of 08:30 a.m. in Hong Kong. The index gained a flat 0.01% in the last seven days.\nTotal NFT trading volume rose 1.62% to US$18.69 million in the past 24 hours, according todatafrom CryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\nOn Thursday, NFT marketplace OpenSeaannouncedthat it is launching “Deals,” a new peer-to-peer NFT swap function. The company said in a tweet that this will help users avoid falling victim to “sketchy DMs & websites” as OpenSea will provide the platform for users to directly engage with each other.\nYehudah Petscher, NFT Strategist at Forkast Labs, says this feature is “more significant than people may realize.”\n“One of the primary ways people are scammed in the NFT space is through fake trades. Often, legitimate trade sites are spoofed, and then trades offered through there,” said Petscher. “Now collectors will be able to trade using a platform they’re already familiar with and trust, and the best part is there are no fees involved other than gas.”\nCurrently, OpenSea allows only ERC-721 NFTs on Ethereum from verified collections to be traded on Deals. To make a “deal,” a user can offer one or more NFTs in return for another user’s NFTs, where one can also choose to add wrapped Ether (WETF) as part of the offer. The user accepting the deal will have to pay gas fees, according toOpenSea.\n“Easy to use, and hopefully will have a major impact on lowering scams. This was long overdue.” Petscher said.\nElsewhere, Yuga Labs’ Bored Ape Yacht Club topped CryptoSlam’s NFT collection ranking by trading volume, rising 3.80% in the last day to US$1.4 million.\nEthereum was the top performing blockchain network by NFT trade volume, gaining 5.63% to US$13.73 million. Solana placed second, up 4.41% to US$1 million.\nThe three major U.S. stock futures indexes gained as of 11:10 a.m. in Hong Kong on Friday, after equities had a mixed regular trading session on Thursday.\nThe Dow Jones gained on top of strong Q2 earnings reports from Johnson & Johnson and Goldman Sachs. The S&P 500 and Nasdaq 100 slipped as Tesla tumbled on weak second-quarter gross margins and Netflix reported less-than-expected revenue.\nIn Asia, China’s Shanghai Composite Index gained, partially recovering from disappointing economic growth data for Q2. Investors are betting on Beijing to step up its economic stimulus measures, according toTrading Economics. Hong Kong’s Hang Seng Index also rose on Chinanewsof authorities possibly easing home buying limits in big cities.\nJapan’s Nikkei 225 dipped after its inflation rate rose slightly in June. South Korea’s Kospi also slipped.\nOn macro events, the next U.S. Federal Open Market Committee meeting is next week on July 26 when the central bank will make its next move on U.S. interest rates. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will announce a further 25 basis points raise that will take rates to the 5.25%-5.50% range, which will be the highestsinceJanuary 2001.\n(Updates to add equity section)', 'Bitcoin fell on Friday morning in Asia as other top 10 non-stablecoin cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000 after a week that saw buyers retreat. Developments in applications for Bitcoin exchange-traded funds (ETFs) failed to generate fresh investment, though some commentators say the pent up demand is there. Ether traded flat and is also a loser for the week. Matic led the early gainers on Friday, but is also in the red for the week.\nBitcoin fell 0.18% to US$29,824.09 as of 6:40 a.m. in Hong Kong, according todatafrom CoinMarketCap. The world’s largest cryptocurrency has lost 4.53% in the past seven days.\nThe drop came amid further developments in Bitcoin exchange-traded fund (ETF) applications by U.S. asset managers.\nSpot Bitcoin ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree on July 19 werepublishedin the Federal Register, which means the Securities and Exchange Commission (SEC) now has up to 240 days to accept or request the applications, according toBloomberg.\nBloomberg research analyst James Seyffartwroteon Twitter that while this sets the clock ticking, the SEC may still reject all the applications.\nBlackRock, the world’s largest asset manager, filed its spot Bitcoin ETF application on June 15, sparking a round of buying of cryptocurrencies on expectations more institutional funds will start investing in the asset class.\nWhile that enthusiasm has faded, Alex Kuptsikevich, senior market analyst at London-based brokerage firm FxPro said\xa0latent demand for cryptocurrencies remains, although\xa0 “the momentum is far from euphoric.”\xa0 Kuptsikevich added that Bitcoin continued to find support this week on dips below $30,000. “A move to the upper boundary at $31,300 is most likely in this environment,” he said.\nAsia Pacific institutional investors “remain constructive across the digital asset complex following last week’s positive news on [ETFs],” said Matt Long, the APAC general manager of California-based international crypto brokerage FalconX. “They are well positioned for further appreciation in markets,” said Long in an emailed statement toForkast.\nU.S.-based digital asset manager Grayscale Investmentssaid in a Friday reportthat about half of Bitcoin’s 80% increase from December to mid-July relates to macro developments, while the rest is due to Bitcoin-specific positives.\n“Crypto no longer behaves as its own ecosystem: Bitcoin and other digital assets are now more correlated with other market indicators,” according to the report.\n“Since January 2023, Bitcoin has appreciated more than can be explained by the rally in tech stocks and fall in the US Dollar. We think this reflects idiosyncratic positives, including optimism about eventual spot Bitcoin ETF approval, as well as Bitcoin’s surge in March following stress in regional banks,” Grayscale said.\n“Valuations are now more closely tied to broader macro trends, and more Fed tightening could be a headwind for higher risk assets, including both equities and cryptocurrencies,” the report said.\nBack in Asia Friday morning trading, Ether edged up 0.31% to US$1,895.14, while falling 4.70% in the last week.\nOther top 10 non-stablecoin cryptocurrencies were mixed — Polygon’s Matic led gainers, rising 3.42% to US$0.7711. However, it posted a weekly loss of 8.46%.\nPolygon Labs is currently working on developing Polygon 2.0, a series of updates to the blockchain that the companysaysaim to make network governance more open and inclusive.\nSolana was the biggest loser among the top 10, declining 3.53% to US$25.49, amid a 0.72% weekly loss.\nThe total crypto market capitalization edged down 0.15% in the past 24 hours to US$1.2 trillion, while trading volume jumped 19.19% to US$37.15 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nIn the non-fungible token (NFT) market, the Forkast 500 NFT index fell 0.56% in the past 24 hours to 2,696.41 as of 08:30 a.m. in Hong Kong. The index gained a flat 0.01% in the last seven days.\nTotal NFT trading volume rose 1.62% to US$18.69 million in the past 24 hours, according todatafrom CryptoSlam. Forkast NFT market indexes measuring performance on the Ethereum, Polygon and Solana blockchains all dropped, while the Cardano index rose.\nOn Thursday, NFT marketplace OpenSeaannouncedthat it is launching “Deals,” a new peer-to-peer NFT swap function. The company said in a tweet that this will help users avoid falling victim to “sketchy DMs & websites” as OpenSea will provide the platform for users to directly engage with each other.\nYehudah Petscher, NFT Strategist at Forkast Labs, says this feature is “more significant than people may realize.”\n“One of the primary ways people are scammed in the NFT space is through fake trades. Often, legitimate trade sites are spoofed, and then trades offered through there,” said Petscher. “Now collectors will be able to trade using a platform they’re already familiar with and trust, and the best part is there are no fees involved other than gas.”\nCurrently, OpenSea allows only ERC-721 NFTs on Ethereum from verified collections to be traded on Deals. To make a “deal,” a user can offer one or more NFTs in return for another user’s NFTs, where one can also choose to add wrapped Ether (WETF) as part of the offer. The user accepting the deal will have to pay gas fees, according toOpenSea.\n“Easy to use, and hopefully will have a major impact on lowering scams. This was long overdue.” Petscher said.\nElsewhere, Yuga Labs’ Bored Ape Yacht Club topped CryptoSlam’s NFT collection ranking by trading volume, rising 3.80% in the last day to US$1.4 million.\nEthereum was the top performing blockchain network by NFT trade volume, gaining 5.63% to US$13.73 million. Solana placed second, up 4.41% to US$1 million.\nThe three major U.S. stock futures indexes gained as of 11:10 a.m. in Hong Kong on Friday, after equities had a mixed regular trading session on Thursday.\nThe Dow Jones gained on top of strong Q2 earnings reports from Johnson & Johnson and Goldman Sachs. The S&P 500 and Nasdaq 100 slipped as Tesla tumbled on weak second-quarter gross margins and Netflix reported less-than-expected revenue.\nIn Asia, China’s Shanghai Composite Index gained, partially recovering from disappointing economic growth data for Q2. Investors are betting on Beijing to step up its economic stimulus measures, according toTrading Economics. Hong Kong’s Hang Seng Index also rose on Chinanewsof authorities possibly easing home buying limits in big cities.\nJapan’s Nikkei 225 dipped after its inflation rate rose slightly in June. South Korea’s Kospi also slipped.\nOn macro events, the next U.S. Federal Open Market Committee meeting is next week on July 26 when the central bank will make its next move on U.S. interest rates. TheCME FedWatch Toolpredicts a 99.8% chance that the Fed will announce a further 25 basis points raise that will take rates to the 5.25%-5.50% range, which will be the highestsinceJanuary 2001.\n(Updates to add equity section)', "• The Dow notched a nine-day win streak on Thursday, its longest win streak since February 2021.\n• While the Dow surged, the Nasdaq 100 and S&P 500 dropped as investors soured on Tesla and Netflix earnings.\n• Initial jobless claims fell to 228,000 last week, below economist estimates for 242,000.\nThe Dow Jones Industrial Average notched a nine-day win streak on Thursday as investors pushed Dow-memberJohnson & Johnsonup 6% after a solid earnings report. The win streak was the index's longest since a 12-day streak of gains in February 2021.\nMeanwhile, the Nasdaq 100 was dragged down 2% as investors soured on earnings fromNetflixandTesla.\nTesla and Netflix stock fell 10% and 8%, respectively even though both companies beat analyst profit estimates. Investors were concerned aboutNetflix's declining average revenue per useras its launch of a lower-cost advertising tier continues, and soured onTesla's decline in automotive gross margins.\nInitial jobless claims fell to 228,000 last week, well below economist estimates for 242,000 jobless claims. The data continues to suggest that the economy and labor market remain resilient.\nHere's where US indexes stood at the 4:00 p.m. ET close on Thursday:\n• S&P 500:4,534.84, down 0.68%\n• Dow Jones Industrial Average:35,224.43, up 0.47% (163.22 points)\n• Nasdaq Composite:14,063.31, down 2.05%\nHere's what else happened today:\n• Tesla's earnings call included Elon Musk talking about Nvidia and its AI dominance, the Cybertruck, and Warren Buffett. Here arehis 12 most interesting quotes from the call.\n• Credit Suisseincreased its year-end S&P 500 price target by 16% to 4,700as the rally in the stock market continues to defy skeptics.\n• Microsoft's near-50% rally so far this year has helped CEO Satya Nadellareach $1 billion in total payouts since he took over the top job in 2014.\n• Billionaire investor Barry Sternlicht'sStarwood Capital Group just defaulted on a $212.5 million loantied to an office building in Atlanta.\n• Home sales dropped to a 14-year-low in June,thanks to the shortage in inventory plaguing the housing market.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil rose 0.54% to $75.70 per barrel.Brent crude, oil's international benchmark, edged up 0.24% to $79.65.\n• Goldfell 0.40% to $1,972.90 per ounce.\n• The yield on the 10-year Treasury rose 9 basis points to 3.84%.\n• Bitcoin dropped 0.55% to $29,754, while ether fell 0.04% to $1,888.\nRead the original article onBusiness Insider", "Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020. Lucas Jackson/Reuters The Dow notched a nine-day win streak on Thursday, its longest win streak since February 2021. While the Dow surged, the Nasdaq 100 and S&P 500 dropped as investors soured on Tesla and Netflix earnings. Initial jobless claims fell to 228,000 last week, below economist estimates for 242,000. The Dow Jones Industrial Average notched a nine-day win streak on Thursday as investors pushed Dow-member Johnson & Johnson up 6% after a solid earnings report. The win streak was the index's longest since a 12-day streak of gains in February 2021. Meanwhile, the Nasdaq 100 was dragged down 2% as investors soured on earnings from Netflix and Tesla . Tesla and Netflix stock fell 10% and 8%, respectively even though both companies beat analyst profit estimates. Investors were concerned about Netflix's declining average revenue per user as its launch of a lower-cost advertising tier continues, and soured on Tesla's decline in automotive gross margins. Initial jobless claims fell to 228,000 last week, well below economist estimates for 242,000 jobless claims. The data continues to suggest that the economy and labor market remain resilient. Here's where US indexes stood at the 4:00 p.m. ET close on Thursday: S&P 500 : 4,534.84, down 0.68% Dow Jones Industrial Average : 35,224.43, up 0.47% (163.22 points) Nasdaq Composite : 14,063.31, down 2.05% Here's what else happened today: Tesla's earnings call included Elon Musk talking about Nvidia and its AI dominance, the Cybertruck, and Warren Buffett. Here are his 12 most interesting quotes from the call. Credit Suisse increased its year-end S&P 500 price target by 16% to 4,700 as the rally in the stock market continues to defy skeptics. Microsoft's near-50% rally so far this year has helped CEO Satya Nadella reach $1 billion in total payouts since he took over the top job in 2014. Billionaire investor Barry Sternlicht's Starwood Capital Group just defaulted on a $212.5 million loan tied to an office building in Atlanta. Home sales dropped to a 14-year-low in June, thanks to the shortage in inventory plaguing the housing market. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 0.54% to $75.70 per barrel. Brent crude , oil's international benchmark, edged up 0.24% to $79.65. Gold fell 0.40% to $1,972.90 per ounce. The yield on the 10-year Treasury rose 9 basis points to 3.84%. Bitcoin dropped 0.55% to $29,754, while ether fell 0.04% to $1,888. Read the original article on Business Insider", "JAKARTA (Reuters) - Indonesia has launched a national crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced this week. The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight, according to the Commodity Futures Trading Regulatory Agency (Bappebti). Indonesia bans the use of cryptocurrencies as a means of payment, but allows investment in the assets. Such investment boomed during the pandemic, with data showing that as of June, 17.54 million people in the country had invested in the digital assets, more than the number of investors registered with the stock exchange. Rising global interest rates have, however, dampened demand for crypto assets in recent months. Crypto transactions in Indonesia during the January-June period were down 68.7% from the same period last year to reach 66.44 trillion rupiah ($4.42 billion), with Tether, Bitcoin, Ethereum, Ripple and Binance Coin being traded the most, according to Bappebti. The new bourse will list existing licensed crypto companies, such as Binance's Tokocrypto, Indodax and others as traders. PT Bursa Komoditi Nusantara will run the bourse and PT Kliring Berjangka Indonesia will clear transactions there, Bappebti chief Didid Noordiantmoko said in a statement. PT Tennet Depository Indonesia is appointed as crypto asset storage manager. A new law signed earlier this year called for the regulation, supervision and oversight of crypto to be transferred to the Financial Services Authorities from Bappebti, with a two-year transition period. ($1 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $581,470,728,038 - Hash Rate: 300153161.94439 - Transaction Count: 323847.0 - Unique Addresses: 657357.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This Monday marked a new high—or arguably low—in demonstrating the power of artificial intelligence (AI). A picture depicting afabricated explosionat the Pentagon, quickly flagged as being AI generated, spread like wildfire across social media. It also appears to have spurred a momentary sell-off in the U.S. stock market. The alarming image, portraying smoke billowing from the iconic building, was disseminated by numerous accounts, including a Russian state-owned media channel. Interestingly, reports of the false Pentagon explosion also made its way onto non-official Twitter accounts with blue verification checkmarks, further amplifying the confusion and the impact of the falsehood—highlighting both the importance of rigorous source verification as well as the unsurprising result of Elon Musk's new criteria for account verification. As the photo went viral, U.S. stock indexes took a minor hit, although markets quickly recovered after the photo was exposed as a hoax. Bitcoin, the leading cryptocurrency, also experienced a brief "flash crash" following the spread of the fake news, slipping to $26500. Yet, Bitcoin is slowly but surely recovering and it is currently being traded at $26,882, according toCoinGecko. The hoax’s impact was significant enough to prompt the Arlington County Fire Department to intervene. "There is NO explosion or incident occurring at or near the Pentagon reservation,” they tweeted “and there is no immediate danger or hazards to thepublic." This type of online deceit has raisedserious concernsamong critics of unmitigated AI development. Many experts in the field have warned that advanced AI systemscould becometools for malevolent actors worldwide, spreading misinformation and causing online pandemonium. This isn't the first time such trickery has emerged. Viral AI-generated images have previously deceived the public, such asimagesof Pope Francis sporting a Balenciaga jacket, a fake arrest of President Donald Trump, and deepfakes of celebrities likeElon Muskor SBF promoting crypto scams. Notable personalities have also sounded alarms about the spread of disinformation. Hundreds of tech experts alreadycalled for a six-month halton advanced AI development until proper safety guidelines are established. And even Dr. Geoffrey Hinton, widely known as the 'Godfather of AI', even resigned from his role at Googleto voice his concernsabout potential AI risks without damaging his former employer's reputation. Episodes of misinformation like this one feed into the ongoing debate surrounding the need for aregulatory and ethical frameworkfor AI. As AI becomes an increasingly potent tool in the hands of agents of disinformation, the consequences can be chaotic. Based on today's events, one question stands out: What if an AI was the agent using the power of social media to spread chaos and control the financial markets? We kind ofsaw it coming.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks traded mixed Friday, with the Dow capping off a 10-day winning streak.\n• It\'s the longest run of gains for the index since August 2017.\n• Next week investors will be watching big earnings from Microsoft and Meta, as well as a Fed meeting.\nUS stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017.\nTo close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data.\nMeanwhile, investors will be watching to see what policymakers announce at next week\'s Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month\'s "skip."\nA quarter-point hike to the 5.25%-5.50% range would "more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday. "But those expecting a fanfare will be disappointed as the Fed will make every (too many) efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions."\nHere\'s where US indexes stood as the market closed 4:00 p.m. on Friday:\n• S&P 500:4,536.32, up 0.03%\n• Dow Jones Industrial Average:35,228.48, up 0.01% (3.30 points)\n• Nasdaq Composite:14,032.81, down 0.22%\nHere\'s what else is going on:\n• One of Wall Street\'s favorite chipmakers hasseen its value tumble this week.\n• There are three ways the Barbie movie coulddrive upsidefor Mattel stock.\n• Robert Shiller says thedecade-long rally in home prices could endwhen the Fed stops its hiking cycle.\n• There are signs thathousing could see some good news on the horizon.\n• These indicators suggestthe stock market isn\'t as stretched as it might seem.\n• \'Shark Tank\' star Kevin O\'Learysounded off on Bidenomics and the S&P 500.\nIn commodities, bonds, and crypto:\n• Oil prices climbed, withWest Texas Intermediateup 1.7% to $76.92 a barrel.Brent crude, the international benchmark, inched higher 1.6% to $80.88 a barrel.\n• Goldedged lower 0.3% to $1,964.20 per ounce.\n• The10-year Treasury yielddipped one basis points to 3.835%\n• Bitcoinmoved higher 0.48% to $29,865.73\nRead the original article onBusiness Insider', 'Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images US stocks traded mixed Friday, with the Dow capping off a 10-day winning streak. It\'s the longest run of gains for the index since August 2017. Next week investors will be watching big earnings from Microsoft and Meta, as well as a Fed meeting. US stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017. To close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data. Meanwhile, investors will be watching to see what policymakers announce at next week\'s Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month\'s "skip." A quarter-point hike to the 5.25%-5.50% range would "more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday. "But those expecting a fanfare will be disappointed as the Fed will make every (too many) efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions." Here\'s where US indexes stood as the market closed 4:00 p.m. on Friday: S&P 500 : 4,536.32, up 0.03% Dow Jones Industrial Average : 35,228.48, up 0.01% (3.30 points) Nasdaq Composite : 14,032.81, down 0.22% Here\'s what else is going on: One of Wall Street\'s favorite chipmakers has seen its value tumble this week. There are three ways the Barbie movie could drive upside for Mattel stock. Robert Shiller says the decade-long rally in home prices could end when the Fed stops its hiking cycle. There are signs that housing could see some good news on the horizon. These indicators suggest the stock market isn\'t as stretched as it might seem. \'Shark Tank\' star Kevin O\'Leary sounded off on Bidenomics and the S&P 500. Story continues In commodities, bonds, and crypto: Oil prices climbed, with West Texas Intermediate up 1.7% to $76.92 a barrel. Brent crude , the international benchmark, inched higher 1.6% to $80.88 a barrel. Gold edged lower 0.3% to $1,964.20 per ounce. The 10-year Treasury yield dipped one basis points to 3.835% Bitcoin moved higher 0.48% to $29,865.73 Read the original article on Business Insider', 'Last week’s blisteringaltcoin rallytapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days.\nBitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week.\nBitcoin dropped 1.5% to its current price of $29,869, according toCoinGecko. Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of writing.\nThe steepest pullbacks among leading currencies this week were from Solana (SOL), which dropped 9.8% to $25.68, and Avalanche (AVAX), which shed 8.1% to $13.77.\nSeveral altcoins appreciated; notably, Toncoin (TON) grew 8.3% to $1.46, Stellar (XLM) blew up 23% to $0.163126, and Chainlink (LINK) rallied 15% to $7.98.\nChainlink began its rally on Monday with the launch of itsCross-Chain Interoperability Protocol(CCIP) on its mainnet. The protocol currently supportsAvalanche,Ethereum,OptimismandPolygonnetworks. It is also integrated with DeFi lending protocolsAaveandSynthetix. Chainlink says it is as anonramp for TradFi institutionsto get into tokenized digital assets.\nOn Monday, G20 watchdog the Financial Stability Board issuednine top-level recommendationsfor regulators on overseeing crypto companies and markets. It also issued revised recommendations on the oversight ofstablecoins.\nThe recommendations are designed to prevent crypto crashes on the scale of FTX and Terra incorporate feedback from the FSB’s public consultation on the topic, including calls for cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures for the industry.\nThe following day, the U.S. Securities and Exchange Commission accepted Valkyrie’s Bitcoin Spot ETF proposalfor official review. This is the second spot ETF application that has moved to the next round, following asset manager titan BlackRock’s on July 13.\nExchange operator Nasdaq on Wednesday said it wasdelaying plansto launch a digital assets custodian service.Nasdaq CEO Adena Friedman said, “Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license.”\nShe added the company would “remain committed to supporting the evolution of the digital asset ecosystem.”\nThat day, a bipartisan group of Senatorsintroduced a billthat would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges, in a bid to reign in “criminals, drug traffickers, and hostile state actors such as North Korea.”\nOn Thursday, the UK Treasuryrejecteda House of Commons Treasury Committeerecommendationto classify crypto trading as gambling, stating that it "firmly disagrees" with it.\nFinally, on Friday, Republican lawmakers in Washingtonintroduced a 212-page billentitled the Financial Innovation and Technology for the 21st Century Act. The bill aims to bring clarity and a “much-needed regulatory framework.”\nThe act includes a pathway for blockchains to be certified as decentralized. The SEC would have an opportunity to push back against assertions made by token issuers that their projects meet the standard outlined in the act. It also seeks to establish a disclosure regime for the transparency and compliance of digital asset issuers.', 'Last week’s blisteringaltcoin rallytapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days.\nBitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week.\nBitcoin dropped 1.5% to its current price of $29,869, according toCoinGecko. Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of writing.\nThe steepest pullbacks among leading currencies this week were from Solana (SOL), which dropped 9.8% to $25.68, and Avalanche (AVAX), which shed 8.1% to $13.77.\nSeveral altcoins appreciated; notably, Toncoin (TON) grew 8.3% to $1.46, Stellar (XLM) blew up 23% to $0.163126, and Chainlink (LINK) rallied 15% to $7.98.\nChainlink began its rally on Monday with the launch of itsCross-Chain Interoperability Protocol(CCIP) on its mainnet. The protocol currently supportsAvalanche,Ethereum,OptimismandPolygonnetworks. It is also integrated with DeFi lending protocolsAaveandSynthetix. Chainlink says it is as anonramp for TradFi institutionsto get into tokenized digital assets.\nOn Monday, G20 watchdog the Financial Stability Board issuednine top-level recommendationsfor regulators on overseeing crypto companies and markets. It also issued revised recommendations on the oversight ofstablecoins.\nThe recommendations are designed to prevent crypto crashes on the scale of FTX and Terra incorporate feedback from the FSB’s public consultation on the topic, including calls for cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures for the industry.\nThe following day, the U.S. Securities and Exchange Commission accepted Valkyrie’s Bitcoin Spot ETF proposalfor official review. This is the second spot ETF application that has moved to the next round, following asset manager titan BlackRock’s on July 13.\nExchange operator Nasdaq on Wednesday said it wasdelaying plansto launch a digital assets custodian service.Nasdaq CEO Adena Friedman said, “Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license.”\nShe added the company would “remain committed to supporting the evolution of the digital asset ecosystem.”\nThat day, a bipartisan group of Senatorsintroduced a billthat would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges, in a bid to reign in “criminals, drug traffickers, and hostile state actors such as North Korea.”\nOn Thursday, the UK Treasuryrejecteda House of Commons Treasury Committeerecommendationto classify crypto trading as gambling, stating that it "firmly disagrees" with it.\nFinally, on Friday, Republican lawmakers in Washingtonintroduced a 212-page billentitled the Financial Innovation and Technology for the 21st Century Act. The bill aims to bring clarity and a “much-needed regulatory framework.”\nThe act includes a pathway for blockchains to be certified as decentralized. The SEC would have an opportunity to push back against assertions made by token issuers that their projects meet the standard outlined in the act. It also seeks to establish a disclosure regime for the transparency and compliance of digital asset issuers.', 'Illustration by Mitchell Preffer for Decrypt. Last week’s blistering altcoin rally tapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days. Bitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week. Bitcoin dropped 1.5% to its current price of $29,869, according to CoinGecko . Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of writing. The steepest pullbacks among leading currencies this week were from Solana (SOL), which dropped 9.8% to $25.68, and Avalanche (AVAX), which shed 8.1% to $13.77. Several altcoins appreciated; notably, Toncoin (TON) grew 8.3% to $1.46, Stellar (XLM) blew up 23% to $0.163126, and Chainlink (LINK) rallied 15% to $7.98. Chainlink began its rally on Monday with the launch of its Cross-Chain Interoperability Protocol (CCIP) on its mainnet. The protocol currently supports Avalanche , Ethereum , Optimism and Polygon networks. It is also integrated with DeFi lending protocols Aave and Synthetix . Chainlink says it is as an onramp for TradFi institutions to get into tokenized digital assets. The week’s news On Monday, G20 watchdog the Financial Stability Board issued nine top-level recommendations for regulators on overseeing crypto companies and markets. It also issued revised recommendations on the oversight of stablecoins . The recommendations are designed to prevent crypto crashes on the scale of FTX and Terra incorporate feedback from the FSB’s public consultation on the topic, including calls for cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures for the industry. The following day, the U.S. Securities and Exchange Commission accepted Valkyrie’s Bitcoin Spot ETF proposal for official review . This is the second spot ETF application that has moved to the next round, following asset manager titan BlackRock’s on July 13. Exchange operator Nasdaq on Wednesday said it was delaying plans to launch a digital assets custodian service. Nasdaq CEO Adena Friedman said, “Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license.” She added the company would “remain committed to supporting the evolution of the digital asset ecosystem.” That day, a bipartisan group of Senators introduced a bill that would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges, in a bid to reign in “criminals, drug traffickers, and hostile state actors such as North Korea.” Story continues On Thursday, the UK Treasury rejected a House of Commons Treasury Committee recommendation to classify crypto trading as gambling, stating that it "firmly disagrees" with it. Finally, on Friday, Republican lawmakers in Washington introduced a 212-page bill entitled the Financial Innovation and Technology for the 21st Century Act. The bill aims to bring clarity and a “much-needed regulatory framework.” The act includes a pathway for blockchains to be certified as decentralized. The SEC would have an opportunity to push back against assertions made by token issuers that their projects meet the standard outlined in the act. It also seeks to establish a disclosure regime for the transparency and compliance of digital asset issuers. View comments', '“The law is very clear,” says Custodia Bank CEO Caitlin Long—except when it comes to the Federal Reserve.\nAmong the 35 early-adopter banks and credit unions that received access to thenew FedNowround-the-clock payment system on Thursday, a name caught her eye: Amsterdam-based Adyen.\nLong toldDecryptthat the financial technology firm received a bank license in Europe (something common in the EU), then “backdoored itself into the system,” calling it “veryun-American” for a European company to get a spot while U.S. firms cannot.\nThis has led her to claim candidly that The Fed is “not applying the law."\nLong wants her bank, Custodia, to be granted a Fed master account, andis leading afightover access to the FedWire network, which handled over $1 quadrillion in 2022. She is currentlyin the midst of a lawsuitagainst the Federal Reserve, which Long says is trying make an example of Custodia and trying to intimidate it to “turn tail and run.”\nCrypto Bank Custodia Is Taking on the Fed—Here’s Everything You Need to Know\nCustodia is tracking eight other fintech firms–four of which work in the crypto industry–which have valid charters but are also being blocked by the Fed from acquiring amaster account.Long wrote a blog post titled “Here Come The Fintech Banks,” which tells the story of these companies left out in the cold by the Fed.\nTrained as an attorney, Long said “this is all bigger than crypto.” On the other hand, she observed, the crypto industry might be the one that ends the government’s overreach. Crypto companies likeRipple,for example, are getting involved in what she calls “bet-the-farm” style lawsuits—and the judicial system seems to be siding with crypto.\nThe current system is also adding extra cost and friction to the industry, Caitlin toldDecrypt,pointingto a blogpost by Wire that claimed that “the Fed charges banks a fraction of a cent to send ACH payments, but banks charge their ACH customers a 100 times markup.”\nBitcoin Custody Services Are Coming to Custodia Bank, Says CEO Caitlin Long\nRegardless of her bank\'s fight for a master account, Caitlin thinks the newFedNow serviceis lacking. “It is not interoperable, crossborder, and has a stringent $500,000 transaction payment limit,” claiming it will capture 10% of payments, “but no more than that.”\n“This will all play out in the courts,” she projects, with Custodia involved one of two activelawsuitsand many more likely to follow.\nLong toldDecryptthat the Fed claims they will help companies get regulated, and that Custodia has “bent over backwards to comply,” but that the authorities have become am “unmovable mountain.”\nDespite the “Fed’s wanton disrespect for the law,” and the frustration she has dealt with over the years with Custodia, Long admits she is “having fun.”', '“The law is very clear,” says Custodia Bank CEO Caitlin Long—except when it comes to the Federal Reserve. Among the 35 early-adopter banks and credit unions that received access to the new FedNow round-the-clock payment system on Thursday, a name caught her eye: Amsterdam-based Adyen. Long told Decrypt that the financial technology firm received a bank license in Europe (something common in the EU), then “backdoored itself into the system,” calling it “very un-American ” for a European company to get a spot while U.S. firms cannot. This has led her to claim candidly that The Fed is “not applying the law." Long wants her bank, Custodia, to be granted a Fed master account, and is leading a fight over access to the FedWire network, which handled over $1 quadrillion in 2022. She is currently in the midst of a lawsuit against the Federal Reserve, which Long says is trying make an example of Custodia and trying to intimidate it to “turn tail and run.” Crypto Bank Custodia Is Taking on the Fed—Here’s Everything You Need to Know Custodia is tracking eight other fintech firms–four of which work in the crypto industry–which have valid charters but are also being blocked by the Fed from acquiring a master account . Long wrote a blog post titled “ Here Come The Fintech Banks ,” which tells the story of these companies left out in the cold by the Fed. Trained as an attorney, Long said “this is all bigger than crypto.” On the other hand, she observed, the crypto industry might be the one that ends the government’s overreach. Crypto companies like Ripple , for example, are getting involved in what she calls “bet-the-farm” style lawsuits—and the judicial system seems to be siding with crypto. The current system is also adding extra cost and friction to the industry, Caitlin told Decrypt , pointing to a blogpost by Wire that claimed that “the Fed charges banks a fraction of a cent to send ACH payments, but banks charge their ACH customers a 100 times markup.” Bitcoin Custody Services Are Coming to Custodia Bank, Says CEO Caitlin Long Regardless of her bank\'s fight for a master account, Caitlin thinks the new FedNow service is lacking. “It is not interoperable, crossborder, and has a stringent $500,000 transaction payment limit,” claiming it will capture 10% of payments, “but no more than that.” “This will all play out in the courts,” she projects, with Custodia involved one of two active lawsuits and many more likely to follow. Long told Decrypt that the Fed claims they will help companies get regulated, and that Custodia has “bent over backwards to comply,” but that the authorities have become am “unmovable mountain.” Despite the “Fed’s wanton disrespect for the law,” and the frustration she has dealt with over the years with Custodia, Long admits she is “having fun.” View comments']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $579,996,949,744 - Hash Rate: 359111818.75489503 - Transaction Count: 288750.0 - Unique Addresses: 556589.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchanges Binance and Coinbase. The bulk of these losses came in the wee hours of Saturday, data shows. Solana (SOL), polygon (MATIC) and cardano (ADA) fell as much as 25% within hours leading some on Crypto Twitter to wonder if a major crypto fund sold their holdings amid rather illiquid market conditions. Such moves pushed weekly declines for these tokens to as much as 34%, the data shows. Tokens fell as much as 25% in the past 24 hours. (CoinGecko) As such, major tokens such as bnb (BNB), dogecoin (DOGE), xrp (XRP) fell over 11%. Bitcoin (BTC) dropped 3.6% while ether (ETH) slid 4.5%. Crypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week. Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Earlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities. This has led to some major retail trading avenues such as Robinhood to end support for tokens ADA, SOL and MATIC, likely as a response to the regulatory filings.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Public blockchains have been touted as cure-alls by enthusiasts over the last decade. Promoters have promised faster securities settlement, decentralized social media, instant payments, cheaper remittances, and everything in between. And indeed, these benefits may come in time. But there’s one domain in which blockchains clearly outperform their traditional counterparts today: accounting. Blockchains track debits and credits to accounts on a ledger, just like an ordinary accounting system, but in a real-time, transparent, and immutable fashion (once transfers are settled). The existence of any asset that resides on a blockchain—whether a tokenized security, or a digital commodity like Bitcoin—is fully verifiable at any time by anyone with an internet connection. The entire supply of Bitcoin, down to the tiniest unit—one satoshi—can be verified in real time by anyone running a node. What’s more, any entity can prove mathematically to any third party that they own a digital asset via a cryptographic signature, without the need for any guarantor. This isn’t the case for traditional assets or commodities, which rely on a network of intermediaries to attest to their existence. In practice, this means financial assets end up concentrated in large custodians, like the DTC with equities, or gold with organizations like the LBMA. The high cost of auditability for conventional assets tends to have a concentrating effect. This remarkable auditability property of digital assets has enabled crypto platforms to build attestation tools enabling end users to verify that their assets are actually being held in reserve, and don’t simply exist on someone else’s ledger, subject to error or fraud. And these tools are long overdue. For as long as crypto exchanges and custodians have existed, they have let down their users with a series of spectacular failures—one crisis after the next from Mt. Gox to Bitfinex to Quadriga to FTX and, most recently, Prime Trust . Those of us who believe in the promise of digital assets are fed up with this grim status quo and have begun to demand more transparency from the exchanges we all rely on. Story continues As a result, exchanges and custodial platforms today are coalescing around a simple idea: What if these platforms could indisputably prove to users that they control funds held for users? This is known in the industry as a proof of reserve, or PoR. The concept has existed in the digital asset context for around a decade, and it has been continually refined ever since. Effectively, it involves a custodial platform providing signatures attesting to their unique ownership over some digital assets on-chain, combined with a disclosure of client liabilities. By publishing these datasets, and giving end users—and even interested onlookers—the option to actually verify that a given liability corresponds to some assets, clients can gain strong assurances that the platform is sound. Legislative initiatives both at the state and federal level have focused on asking exchanges to segregate client and operating capital, and to give clients assurances in the case of platform liquidation or bankruptcy. This is necessary, but only part of the solution. Prime Trust, which recently revealed it had lost $82 million in client assets and hid those losses for years, was a Nevada Trust company. The architecture of the Trust Charter, ironclad from a legal perspective, unfortunately did little to reveal the loss of assets. A monthly—or even higher frequency—attestation, as is the standard with PoR, would have forced divulging the loss when it first occurred, because Prime Trust would not have been able to provide valid signatures for user funds held. This would have also been the case with Mt. Gox, Quadrigra, and FTX. These were all drawn out insolvencies, concealed for months if not years. An exchange engaging in PoR attestations isn’t immune from losing customer funds or being hacked, but the PoR does reveal these losses when they occur, limiting further fallout. In the wake of FTX, PoR is now being voluntarily adopted across the industry. Many of the largest exchanges worldwide, including Kraken, Binance, Bitmex, Derebit, Kucoin, and OKX, now conduct these attestations with frequency, covering tens of billions of dollars in client assets. Lawmakers in the U.S. and abroad have begun to recognize the importance of PoR. In March, Texas passed the landmark HB1666 , which requires firms with money transmitter licenses to carry out PoRs, starting in September. At the federal level, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) included in their reintroduced Responsible Financial Innovation Act mandatory PoR and a request for PCAOB to standardize the procedure. Since 2021, Wyoming has made reference to proof of reserve in the state's Digital Asset Custody Framework. Dubai (see Reserve Assets) and Singapore (see Regulation 16C(11)) have also made reference to similar on- and off-chain reconciliations in recent guidance. Canada has recommended since 2021 that exchanges engage in PoR as a best practice. Bermuda, which is distinguishing itself as a premier crypto-focused regulator, has maintained an explicit reference to proof of reserve in its Digital Assets Custody Code of Practice since 2019. PoR is neither new nor limited in its reach to a handful of enthusiasts. It has existed for years and has already been embraced by regulators worldwide. That doesn't mean PoR is without its critics. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) have engaged in a campaign of harassment leveled at auditors who service crypto firms. They aim to stymie the crypto space by stripping it of CPA firm services, which are necessary for platforms operating in compliance with MTLs and similar regulatory regimes. In a recent letter to the PCAOB, they attacked PoR and called it a “sham audit.” The PCAOB duly released an advisory letter warning investors about PoR attestations. Frightening audit firms away from a fit-for-purpose form of assurance is the opposite of what a reasonable accounting regulator should do. For its part, the AICPA has demurred on issuing any guidance on PoR even though it's progressing on stablecoin attestation standards. This uncertainty has had the effect of leaving most CPA firms unwilling to supervise these procedures. We in the industry are pushing for more sunlight, but some lawmakers in Washington aim to leave us in the dark. The standard critiques of PoR have largely been addressed. PoR is not contemplated as a substitute for standard audit types but rather as a complement. Mindful of this, the Texas legislation blends traditional and crypto-native assurance, asking for PoRs but also for CPAs to supervise them. Specialist CPA firms have emerged with expertise in overseeing these procedures. Traditional assurance is fine, but it’s no substitute for a high-frequency proof to end users that custodians have their funds. And while early PoRs ran the risk of leaking client data, innovations—such as zero-knowledge proofs —allow PoRs to be done safely. We are not asking crypto exchanges to be held to a different standard from conventional custodians. In fact, a frequent proof-of-reserve attestation provides far more transparency than conventional custodians can offer. It’s not a substitute to standard audits but rather a more narrow complement—it enhances conventional audits. Together, the two provide a level of assurance not otherwise attainable. We ask simply that Washington stop undermining the industry’s efforts to clean itself up, recognize the validity of PoR, and facilitate its proliferation across the industry. Lawmakers should encourage the accounting standards setting bodies, like the FASB or the PCAOB, to ratify industry efforts around PoR so audit firms feel empowered to supervise them. And they should recognize the good work that custodians are already doing to make themselves more transparent and accountable. The crypto industry is working hard to gain back trust. If PoR becomes widespread and standardized, we will exceed the level of assurance that custodians can offer with traditional assets. This is a worthy goal, and one that Washington should support. Nic Carter is the cofounder of blockchain-focused investment firm Castle Island Ventures and the cofounder of blockchain data company Coin Metrics. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home", "Public blockchains have been touted as cure-alls by enthusiasts over the last decade. Promoters have promised faster securities settlement, decentralized social media, instant payments, cheaper remittances, and everything in between. And indeed, these benefits may come in time. But there’s one domain in which blockchains clearly outperform their traditional counterparts today: accounting.\nBlockchains track debits and credits to accounts on a ledger, just like an ordinary accounting system, but in a real-time, transparent, and immutable fashion (once transfers are settled). The existence of any asset that resides on a blockchain—whether a tokenized security, or a digital commodity like Bitcoin—is fully verifiable at any time by anyone with an internet connection. The entire supply of Bitcoin, down to the tiniest unit—one satoshi—can be verified in real time by anyone running a node. What’s more, any entity can prove mathematically to any third party that they own a digital asset via a cryptographic signature, without the need for any guarantor. This isn’t the case for traditional assets or commodities, which rely on a network of intermediaries to attest to their existence. In practice, this means financial assets end up concentrated in large custodians, like the DTC with equities, or gold with organizations like the LBMA. The high cost of auditability for conventional assets tends to have a concentrating effect.\nThis remarkable auditability property of digital assets has enabled crypto platforms to build attestation tools enabling end users to verify that their assets are actually being held in reserve, and don’t simply exist on someone else’s ledger, subject to error or fraud. And these tools are long overdue. For as long as crypto exchanges and custodians have existed, they have let down their users with a series of spectacular failures—one crisis after the next fromMt. GoxtoBitfinextoQuadrigatoFTXand, most recently,Prime Trust. Those of us who believe in the promise of digital assets are fed up with this grim status quo and have begun to demand more transparency from the exchanges we all rely on.\nAs a result, exchanges and custodial platforms today are coalescing around a simple idea: What if these platforms could indisputably prove to users that they control funds held for users? This is known in the industry as a proof of reserve, or PoR. The concept has existed in the digital asset context for around a decade, and it has been continually refined ever since. Effectively, it involves a custodial platform providing signatures attesting to their unique ownership over some digital assets on-chain, combined with a disclosure of client liabilities. By publishing these datasets, and giving end users—and even interested onlookers—the option to actually verify that a given liability corresponds to some assets, clients can gain strong assurances that the platform is sound.\nLegislative initiatives both at the state and federal level have focused on asking exchanges to segregate client and operating capital, and to give clients assurances in the case of platform liquidation or bankruptcy. This is necessary, but only part of the solution. Prime Trust, which recently revealed it had lost $82 million in client assets and hid those losses for years, was a Nevada Trust company. The architecture of the Trust Charter, ironclad from a legal perspective, unfortunately did little to reveal the loss of assets. A monthly—or even higher frequency—attestation, as is the standard with PoR, would have forced divulging the loss when it first occurred, because Prime Trust would not have been able to provide valid signatures for user funds held. This would have also been the case with Mt. Gox, Quadrigra, and FTX. These were all drawn out insolvencies, concealed for months if not years. An exchange engaging in PoR attestations isn’t immune from losing customer funds or being hacked, but the PoR does reveal these losses when they occur, limiting further fallout.\nIn the wake of FTX, PoR is now being voluntarily adopted across the industry. Many of the largest exchanges worldwide, including Kraken, Binance, Bitmex, Derebit, Kucoin, and OKX, now conduct these attestations with frequency, covering tens of billions of dollars in client assets.\nLawmakers in the U.S. and abroad have begun to recognize the importance of PoR. In March, Texas passed the landmarkHB1666, which requires firms with money transmitter licenses to carry out PoRs, starting in September. At the federal level, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.)includedin their reintroducedResponsible Financial Innovation Actmandatory PoR and a request forPCAOBto standardize the procedure.\nSince 2021, Wyoming hasmade referenceto proof of reserve in the state's Digital Asset Custody Framework.Dubai(see Reserve Assets) andSingapore(see Regulation 16C(11)) have also made reference to similar on- and off-chain reconciliations in recent guidance. Canada hasrecommendedsince 2021 that exchanges engage in PoR as a best practice. Bermuda, which is distinguishing itself as a premier crypto-focused regulator, has maintained an explicit reference to proof of reserve in its Digital Assets Custody Code of Practice since 2019. PoR is neither new nor limited in its reach to a handful of enthusiasts. It has existed for years and has already been embraced by regulators worldwide.\nThat doesn't mean PoR is without its critics. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) have engaged in a campaign of harassment leveled at auditors who service crypto firms. They aim to stymie the crypto space by stripping it of CPA firm services, which are necessary for platforms operating in compliance with MTLs and similar regulatory regimes. In arecent letterto the PCAOB, they attacked PoR and called it a “sham audit.” The PCAOB duly released anadvisory letterwarning investors about PoR attestations. Frightening audit firms away from a fit-for-purpose form of assurance is the opposite of what a reasonable accounting regulator should do. For its part, theAICPAhas demurred on issuing any guidance on PoR even though it's progressing on stablecoin attestation standards. This uncertainty has had the effect of leaving most CPA firms unwilling to supervise these procedures. We in the industry are pushing for more sunlight, but some lawmakers in Washington aim to leave us in the dark.\nThe standard critiques of PoR have largely been addressed. PoR is not contemplated as a substitute for standard audit types but rather as a complement. Mindful of this, the Texas legislation blends traditional and crypto-native assurance, asking for PoRs but also for CPAs to supervise them. SpecialistCPA firmshave emerged with expertise in overseeing these procedures. Traditional assurance is fine, but it’sno substitutefor a high-frequency proof to end users that custodians have their funds. And while early PoRs ran the risk of leaking client data, innovations—such aszero-knowledge proofs—allow PoRs to be done safely.\nWe are not asking crypto exchanges to be held to a different standard from conventional custodians. In fact, a frequent proof-of-reserve attestation provides far more transparency than conventional custodians can offer. It’s not a substitute to standard audits but rather a more narrow complement—it enhances conventional audits. Together, the two provide a level of assurance not otherwise attainable. We ask simply that Washington stop undermining the industry’s efforts to clean itself up, recognize the validity of PoR, and facilitate its proliferation across the industry. Lawmakers should encourage the accounting standards setting bodies, like the FASB or the PCAOB, to ratify industry efforts around PoR so audit firms feel empowered to supervise them. And they should recognize the good work that custodians are already doing to make themselves more transparent and accountable.\nThe crypto industry is working hard to gain back trust. If PoR becomes widespread and standardized, we will exceed the level of assurance that custodians can offer with traditional assets. This is a worthy goal, and one that Washington should support.\nNic Carter is the cofounder of blockchain-focused investment firm Castle Island Ventures and the cofounder of blockchain data company Coin Metrics.The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.\nThis story was originally featured onFortune.com\nMore from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home", 'Namthip Muanthongthae/Getty Images Bitcoin could soar above $120,000 if miners keep holding onto tokens, Standard Chartered analyst Geoff Kendrick said. In an interview with Insider, he acknowledged bitcoin\'s price gains help fuel a positive-feedback loop. "And so your point about this becoming self-fulfilling, I suspect is actually a very important driver." Bitcoin miners are creating a virtuous circle that could propel the token\'s price beyond already-bullish forecasts, Standard Chartered analyst Geoff Kendrick told Insider. That\'s as miners often sell fewer tokens when the price climbs, a bullish tendency that led him say earlier this month that $120,000 is possible next year , representing 300% upside from current levels. In a follow-up interview, Insider asked Kendrick: if higher prices cause miners to sell fewer tokens, further boosting prices, then would even higher prices fuel a positive-feedback loop that takes bitcoin past $120,000? Yes. "And so your point about this becoming self-fulfilling, I suspect is actually a very important driver," he said. Miners predominantly sell bitcoin to cover costs. But as the price rises and previous debt struggles in the industry ebb away, miners are letting go of less bitcoin. Another tailwind is the coin\'s upcoming halving in 2024, which is when the reward given to miners is cut in half. This is to cap the supply of bitcoins, and has historically led to price increases. "Then if you add in some of the other things, like getting close to the halving cycle, et cetera, then that sort of adds," Kendrick said. "And then yeah, the cycle in theory just keeps going." Miners also have little reason outside of bitcoin\'s price moves to sell the token, he said. Some of this is on account of the culture surrounding the industry, with many miners holding on in the anticipation that bitcoin eventually reaches stellar highs. "So they basically want to have a company that starts out when prices are cheap, get cheaper electricity and stuff, and then hold on. It\'s like a super-leveraged play," he said. Kendrick has been bullish on bitcoin this year, and in April he said it would hit $100,000 in 2024 , citing a number of other factors beyond miner profitability. Examples included bitcoin\'s safe-haven reputation, regulatory adaptations, institutional interest, alternative currency fall-off, and less volatility. Now, he told Insider that a few of these factors also suggest more upside. For instance, BlackRock\'s interest in creating a bitcoin spot ETF signals growing demand from the investment firm\'s clients, while the Federal Reserve\'s expected end on its rate-hiking cycle would marginally help bitcoin. Story continues The one factor that Kendrick would reassess was his idea that bitcoin would gain from disinvestment in other crypto, or so-called altcoins. For this, he noted the recent courtroom victory of Ripple over the Securities and Exchange Commission, which sued the firm in 2020 over its cryptocurrency XRP . However, a judge recently ruled in favor of Ripple , saying XRP is not a security, meaning it\'s outside the SEC\'s regulatory reach. The news sparked a rally in altcoins. "So the assumption is, well, if Ripple is not [a security], then these are also not," he said. "So that\'s why you had big bounces in like Solana , as an example." How long this tailwind for altcoins will last is uncertain, Kendrick said, adding that any institutional success in establishing bitcoin ETFs would prompt a renewed focus on apex tokens. Read the original article on Business Insider View comments', '• Bitcoin could soar above $120,000 if miners keep holding onto tokens, Standard Chartered analyst Geoff Kendrick said.\n• In an interview with Insider, he acknowledged bitcoin\'s price gains help fuel a positive-feedback loop.\n• "And so your point about this becoming self-fulfilling, I suspect is actually a very important driver."\nBitcoinminers are creating a virtuous circle that could propel the token\'s price beyond already-bullish forecasts, Standard Chartered analyst Geoff Kendrick told Insider.\nThat\'s as miners often sell fewer tokens when the price climbs, a bullish tendency that led him say earlier this month that$120,000 is possible next year, representing 300% upside from current levels.\nIn a follow-up interview, Insider asked Kendrick: if higher prices cause miners to sell fewer tokens, further boosting prices, then would even higher prices fuel a positive-feedback loop that takes bitcoin past $120,000?\nYes.\n"And so your point about this becoming self-fulfilling, I suspect is actually a very important driver," he said.\nMiners predominantly sell bitcoin to cover costs. But as the price rises and previousdebt strugglesin the industry ebb away, miners are letting go of less bitcoin.\nAnother tailwind is the coin\'s upcoming halving in 2024, which is when the reward given to miners is cut in half. This is to cap the supply of bitcoins, and has historically led to price increases.\n"Then if you add in some of the other things, like getting close to the halving cycle, et cetera, then that sort of adds," Kendrick said. "And then yeah, the cycle in theory just keeps going."\nMiners also have little reason outside of bitcoin\'s price moves to sell the token, he said. Some of this is on account of the culture surrounding the industry, with many miners holding on in the anticipation that bitcoin eventually reaches stellar highs.\n"So they basically want to have a company that starts out when prices are cheap, get cheaper electricity and stuff, and then hold on. It\'s like a super-leveraged play," he said.\nKendrick has been bullish on bitcoin this year, and in April he said it would hit$100,000 in 2024, citing a number of other factors beyond miner profitability. Examples included bitcoin\'s safe-haven reputation, regulatory adaptations, institutional interest, alternative currency fall-off, and less volatility.\nNow, he told Insider that a few of these factors also suggest more upside.\nFor instance, BlackRock\'s interest in creating abitcoin spot ETFsignals growing demand from the investment firm\'s clients, while the Federal Reserve\'s expected end on its rate-hiking cycle would marginally help bitcoin.\nThe one factor that Kendrick would reassess was his idea that bitcoin would gain from disinvestment in other crypto, or so-called altcoins.\nFor this, he noted the recent courtroom victory of Ripple over the Securities and Exchange Commission, which sued the firmin 2020over its cryptocurrencyXRP.\nHowever, a judge recentlyruled in favor of Ripple, saying XRP is not a security, meaning it\'s outside the SEC\'s regulatory reach. The news sparked a rally in altcoins.\n"So the assumption is, well, if Ripple is not [a security], then these are also not," he said. "So that\'s why you had big bounces in likeSolana, as an example."\nHow long this tailwind for altcoins will last is uncertain, Kendrick said, adding that any institutional success in establishing bitcoin ETFs would prompt a renewed focus on apex tokens.\nRead the original article onBusiness Insider', "A Nevada woman who tried to pay a hitman on the dark web with Bitcoin to kill her ex-husband received a five-year prison sentence on Friday.\nKristy Lynn Felkins, 38, pleaded guilty in March to the use of “interstate commerce facilities in the commission of murder-for-hire,” according to theU.S. Department of Justice. She faced a maximum sentence of 10 years in prison.\nIn 2016, she sent 12 Bitcoin, then worth $5,000, to the administrator of a site on the Tor network called Besa Mafia, which claimed to offer murder-for-hire services. The Bitcoin she sent would be worth nearly $360,000 today, according to CoinGecko.\nFor four months in 2016, Felkins exchanged messages with the Besa Mafia website administrator. Sheprovided specific information about how her ex-husband could be found, including his home address, vehicle, and what time he left for work, according to acriminal complaintfiled in 2020.\nMan Used Coinbase to Pay Hitman in Bitcoin for Wife's Murder, FBI Says\nFelkins’ wanted her ex-husband’s murder to look like an accident but didn’t agree to a $4,000 upcharge. After her payment was sent, the site’s administrator said a hitman was assigned and that her husband would be gone within a week.\nHowever, no murder took place. Besa Mafia was a scam site, and Felkins was never refunded Bitcoin she sent to the website, which is no longer in operation, the DOJ said in apress release. The Justice Department did not disclose how it became aware of Felkins' actions.\nAt her sentencing on Friday, Felkins' ex-husband Gabriel Scott of North Carolinasaidhe was “very, very surprised” when he learned of the failed plot to murder him, describing Felkins as “a wonderful mother,” perThe Sacramento Bee.\nThe divorce had been “as amicable as you could expect,” Scott told U.S. District Judge Troy L. Nunley, who had summoned Scott for his opinion. Still, Scott believed Felkins deserved some sort of sentence.\nFelkins told the Besa Mafia administrator in 2016 that she was in a position to benefit from her ex-husband’s death. “I stand to get his retirement, our house and possibly a large life insurance payout,” she said, according to the case’s complaint.\nYet on Friday, Felkins said she’s thankful the person in charge of Besa Mafia didn’t deliver on the agreement they had established.\n“I’m very glad that no harm came to Gabe,” she said. “I do thank God every day that the person I talked to was a scam artist.”\nA similar sting led to the arrest and imprisonment of a Mississippi womanlast year, when she paid $10,000 in Bitcoin to a purported hitman who turned out to be a federal law enforcement agent.", "A Nevada woman who tried to pay a hitman on the dark web with Bitcoin to kill her ex-husband received a five-year prison sentence on Friday.\nKristy Lynn Felkins, 38, pleaded guilty in March to the use of “interstate commerce facilities in the commission of murder-for-hire,” according to theU.S. Department of Justice. She faced a maximum sentence of 10 years in prison.\nIn 2016, she sent 12 Bitcoin, then worth $5,000, to the administrator of a site on the Tor network called Besa Mafia, which claimed to offer murder-for-hire services. The Bitcoin she sent would be worth nearly $360,000 today, according to CoinGecko.\nFor four months in 2016, Felkins exchanged messages with the Besa Mafia website administrator. Sheprovided specific information about how her ex-husband could be found, including his home address, vehicle, and what time he left for work, according to acriminal complaintfiled in 2020.\nMan Used Coinbase to Pay Hitman in Bitcoin for Wife's Murder, FBI Says\nFelkins’ wanted her ex-husband’s murder to look like an accident but didn’t agree to a $4,000 upcharge. After her payment was sent, the site’s administrator said a hitman was assigned and that her husband would be gone within a week.\nHowever, no murder took place. Besa Mafia was a scam site, and Felkins was never refunded Bitcoin she sent to the website, which is no longer in operation, the DOJ said in apress release. The Justice Department did not disclose how it became aware of Felkins' actions.\nAt her sentencing on Friday, Felkins' ex-husband Gabriel Scott of North Carolinasaidhe was “very, very surprised” when he learned of the failed plot to murder him, describing Felkins as “a wonderful mother,” perThe Sacramento Bee.\nThe divorce had been “as amicable as you could expect,” Scott told U.S. District Judge Troy L. Nunley, who had summoned Scott for his opinion. Still, Scott believed Felkins deserved some sort of sentence.\nFelkins told the Besa Mafia administrator in 2016 that she was in a position to benefit from her ex-husband’s death. “I stand to get his retirement, our house and possibly a large life insurance payout,” she said, according to the case’s complaint.\nYet on Friday, Felkins said she’s thankful the person in charge of Besa Mafia didn’t deliver on the agreement they had established.\n“I’m very glad that no harm came to Gabe,” she said. “I do thank God every day that the person I talked to was a scam artist.”\nA similar sting led to the arrest and imprisonment of a Mississippi womanlast year, when she paid $10,000 in Bitcoin to a purported hitman who turned out to be a federal law enforcement agent.", "A Nevada woman who tried to pay a hitman on the dark web with Bitcoin to kill her ex-husband received a five-year prison sentence on Friday. Kristy Lynn Felkins, 38, pleaded guilty in March to the use of “interstate commerce facilities in the commission of murder-for-hire,” according to the U.S. Department of Justice . She faced a maximum sentence of 10 years in prison. In 2016, she sent 12 Bitcoin, then worth $5,000, to the administrator of a site on the Tor network called Besa Mafia, which claimed to offer murder-for-hire services. The Bitcoin she sent would be worth nearly $360,000 today, according to CoinGecko. For four months in 2016, Felkins exchanged messages with the Besa Mafia website administrator. She provided specific information about how her ex-husband could be found, including his home address, vehicle, and what time he left for work, according to a criminal complaint filed in 2020. Man Used Coinbase to Pay Hitman in Bitcoin for Wife's Murder, FBI Says Felkins’ wanted her ex-husband’s murder to look like an accident but didn’t agree to a $4,000 upcharge. After her payment was sent, the site’s administrator said a hitman was assigned and that her husband would be gone within a week. However, no murder took place. Besa Mafia was a scam site, and Felkins was never refunded Bitcoin she sent to the website, which is no longer in operation, the DOJ said in a press release . The Justice Department did not disclose how it became aware of Felkins' actions. At her sentencing on Friday, Felkins' ex-husband Gabriel Scott of North Carolina said he was “very, very surprised” when he learned of the failed plot to murder him, describing Felkins as “a wonderful mother,” per The Sacramento Bee . The divorce had been “as amicable as you could expect,” Scott told U.S. District Judge Troy L. Nunley, who had summoned Scott for his opinion. Still, Scott believed Felkins deserved some sort of sentence. Felkins told the Besa Mafia administrator in 2016 that she was in a position to benefit from her ex-husband’s death. “I stand to get his retirement, our house and possibly a large life insurance payout,” she said, according to the case’s complaint. Story continues Yet on Friday, Felkins said she’s thankful the person in charge of Besa Mafia didn’t deliver on the agreement they had established. “I’m very glad that no harm came to Gabe,” she said. “I do thank God every day that the person I talked to was a scam artist.” A similar sting led to the arrest and imprisonment of a Mississippi woman last year , when she paid $10,000 in Bitcoin to a purported hitman who turned out to be a federal law enforcement agent.", 'Illustration by Mitchell Preffer for Decrypt This week was a relatively slow week when it came to crypto news and the Twittering class. Aside from the SEC moving Valkyrie’s Bitcoin spot ETF application to the review round and a couple of legislative proposals in Washington, there was little hype—reflected in the static price performance of market leaders Bitcoin and Ethereum. Crypto Twitter matched that sedate energy this week. Apart from Elon Musk\'s late breaking branding change , there were no shocking revelations or furious public debates between industry figures. Just a few announcements, reflections and interesting bits of information. On Monday, Peckshield shared some infographics in a thread breaking down the monumental cost of hacks in Web3 in the first half of 2023. #PeckShieldAlert In H1 2023, there are 395+ major hacks (386 DeFi related) in Web3 space, leading to ~$479.4m loss. Among these hacks, top 10 account for $378.3m (79%) of total stolen funds. pic.twitter.com/ZrQQi8neyP — PeckShieldAlert (@PeckShieldAlert) July 17, 2023 That same day, anonymous crypto trader @AltcoinPsycho criticized the legal team overseeing FTX’s bankruptcy. FTX Ch 11 lawyers intentionally chose the most expensive KYC method to bill more hours (and they’re having lawyers handle the non-legal admin work) The most fraudulent failure of fiduciary duty I’ve ever seen by a legal team — Psycho (@AltcoinPsycho) July 17, 2023 Twitter-only crypto news account @Tier10k shared allegations from the founder of dollar-pegged stablecoin TrueUSD’s progenitor Archblock that TRON chief Justin Sun acquired a lot of TUSD “without stakeholder approval” nearly three years ago. Story continues Archblock Founder Claims Justin Sun Was Secret TUSD Acquirer in Lawsuit (Not exactly a shocker) pic.twitter.com/ybTPmSOmtk — db (@tier10k) July 17, 2023 Chainlink announced its new Cross-Chain Interoperability Protocol that day. The CCIP announcement helped the LINK token to rally 17% this week . 1/ The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets. #LinkTheWorld pic.twitter.com/SdLVyaapg3 — Chainlink (@chainlink) July 17, 2023 An NFT critical of China’s leader Xi Jinping was delisted on OpenSea, according to anonymous NFT trader @Anonymoux2311 . It appears @opensea has succumbed to pressure from Chairman Xi and CCP - If anyone wants to sell @patrickamadon Clock Out via otc please dm pic.twitter.com/XPj64DP93r — Anonymoux ⌐◨-◨ (@Anonymoux2311) July 17, 2023 A video made the rounds this week of SEC chair Gary Gensler smiling through the pain after being asked to comment on the verdict of Judge Analisa Torres in the Commission’s case against Ripple, which has been ongoing since December 2020. Gensler alleged that XRP was a security, Torres said it’s "not neccessarily" a security, depending how it’s sold. For retail buyers, she said it’s not a security at all. Gary Gensler sends STRONG message to $XRP hodlers 👇 pic.twitter.com/CbnbzdsE7p — Altcoin Daily (@AltcoinDailyio) July 17, 2023 OpenSea and Rarible have both joined the Opepen train by the looks of it. Opepen is an NFT collection that redraws the famous Pepe meme from squares and circles (and combinations of the two). Opensea and Rarible changing PFPs to opepen is the culture. It’s happening pic.twitter.com/EnsbIe93Do — ThreadGuy 👑 (@notthreadguy) July 17, 2023 And as noted, Valkyrie’s refiled Bitcoin Spot ETF application made it to the review round, a week after BlackRock’s. Bloomberg journalist James Seyffart pointed out that like BlackRock, Valkyrie lists Nasdaq as its exchange. It should also be noted that Valkyrie also listed its surveillance sharing partner as Coinbase, after BlackRock . Who said copying doesn’t pay off? Anddd we have anotha one! Most interesting here with this updated Valkyrie Bitcoin Fund prospectus -- they have changed their exchange to Nasdaq (same as BlackRock) anddd they gave us a ticker $BRRR . pic.twitter.com/3QxeFRfLPy — James Seyffart (@JSeyff) June 21, 2023 On Wednesday, Solana announced the launch of Solang, a protocol that enables developers who are savvy with Ethereum’s programming language, Solidity, to start building on Solana. 1/ 🎉Introducing Solang: Building on Solana with Solidity Today, @solanalabs announces Solang, a compiler enabling developers to write smart contracts on Solana in Solidity, the primary programming language of Ethereum. https://t.co/X703sAMJBC Learn more👇 — Solana (@solana) July 19, 2023 Jerry Brito, the executive director of pro-crypto policy lobbyists Coin Centre, explained why you should care about Congress’s expansion of Section 6050I of the tax code. 2/ This law take effect on Jan 1, 2024, and will require citizens who are recipients of crypto payments of $10,000 or more to report to the government not just the transaction, but the PII of the sender as well–all without a warrant. — Jerry Brito (@jerrybrito) July 20, 2023 Finally on Friday, Gabriel Shapiro, the General Counsel at Web3 incubator Delphi Labs, explained in a thread why he’s disappointed by a new 212-page crypto policy bill that was introduced this week by Republican lawmakers. Was a huge fan of this bill and they took a lot of feedback but unfortunately they made one change that completely alters the value prop of the bill, reintros massive ambiguity, re-empowers SEC enforcement and would wreak havoc on DeFi.... https://t.co/anYMXpAIoN pic.twitter.com/QXeAXd2Rz9 — _gabrielShapir0 (@lex_node) July 20, 2023', 'This weekwas a relatively slow week when it came to crypto news and the Twittering class. Aside from the SEC moving Valkyrie’s Bitcoin spot ETF application to the review round and a couple of legislative proposals in Washington, there was little hype—reflected in the static price performance of market leaders Bitcoin and Ethereum.\nCrypto Twitter matched that sedate energy this week. Apart from Elon Musk\'slate breaking branding change, there were no shocking revelations or furious public debates between industry figures. Just a few announcements, reflections and interesting bits of information.\nOn Monday, Peckshield shared some infographics in a thread breaking down the monumental cost of hacks in Web3 in the first half of 2023.\nThat same day, anonymous crypto trader@AltcoinPsychocriticized the legal team overseeing FTX’s bankruptcy.\nTwitter-only crypto news account@Tier10kshared allegations from the founder of dollar-pegged stablecoin TrueUSD’s progenitor Archblock that TRON chief Justin Sun acquired a lot of TUSD “without stakeholder approval” nearly three years ago.\nChainlink announced its new Cross-Chain Interoperability Protocol that day. The CCIP announcement helped the LINK token to rally17% this week.\nAn NFT critical of China’s leader Xi Jinping was delisted on OpenSea, according to anonymous NFT trader@Anonymoux2311.\nA video made the rounds this week of SEC chair Gary Gensler smiling through the pain after being asked to comment on the verdict of Judge Analisa Torres in the Commission’s case against Ripple, which has been ongoing since December 2020.\nGensler alleged that XRP was a security, Torres said it’s "not neccessarily" a security, depending how it’s sold. For retail buyers, she said it’s not a security at all.\nOpenSea and Rarible have both joined the Opepen train by the looks of it. Opepen is an NFT collection that redraws the famous Pepe meme from squares and circles (and combinations of the two).\nAnd as noted, Valkyrie’s refiled Bitcoin Spot ETF application made it to the review round, a week after BlackRock’s. Bloomberg journalist James Seyffart pointed out that like BlackRock, Valkyrie lists Nasdaq as its exchange. It should also be noted that Valkyrie also listed its surveillance sharing partner as Coinbase,after BlackRock. Who said copying doesn’t pay off?\nOn Wednesday, Solana announced the launch of Solang, a protocol that enables developers who are savvy with Ethereum’s programming language, Solidity, to start building on Solana.\nJerry Brito, the executive director of pro-crypto policy lobbyists Coin Centre, explained why you should care about Congress’s expansion of Section 6050I of the tax code.\nFinally on Friday, Gabriel Shapiro, the General Counsel at Web3 incubator Delphi Labs, explained in a thread why he’s disappointed by a new212-page crypto policy billthat was introduced this week by Republican lawmakers.']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $582,080,026,169 - Hash Rate: 393951025.0520118 - Transaction Count: 559624.0 - Unique Addresses: 691587.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rose on Wednesday morning in Asia to trade above US$30,500, as U.K. bank Standard Chartered’s Monday prediction for a Bitcoin rally continued to boost investor sentiment. Ether traded flat while most other top 10 non-stablecoin cryptocurrencies logged gains, with Solana’s SOL token leading the winners. U.S. equity futures moved higher in the Asia time zone on Wednesday ahead of the release of June inflation data. Bitcoin rose 0.74% over the last 24 hours to US$30,608 as of 07:30 a.m. in Hong Kong, but still held a weekly loss of 0.63%, according todatafrom CoinMarketCap. Crypto investor optimism continues after Standard Chartered Bank’s Bitcoinprojectionon Monday that the coin would reach US$50,000 by the end of 2023 and US$120,000 in 2024. “While predicting the timing of market moves is always tricky, the case for a significant increase in the price of Bitcoin in the foreseeable future is clear,” said Bradley Duke, founder and chief strategy officer of crypto ETP providerETC Group. “The supply-side of the equation remains famously fixed: the total amount of bitcoin is hard-capped at 21 million bitcoin, but the current news flow suggests that the demand-side is set to increase significantly,” Duke said. “With Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) in the US, given their past success rate, the belief is that this application is likely to be approved. This will enable massive pent-up demand for Bitcoin in the US and elsewhere to finally be able to flow into the market, and it’s logical that the price of Bitcoin responds in a proportionate manner,” Duke added. Elsewhere, the Chicago Board Options Exchange (Cboe) on Tuesdayfiledseveral amendments to its own spot Bitcoin ETF applications. It added surveillance-sharing agreements with the U.S. crypto exchange Coinbase. The move drove the latter’s share price to surge 9.78% on Tuesday. Other factors are also contributing to a potential Bitcoin rally in 2024, according to Greg Moritz, co-founder at crypto hedge fundAltTab Capital. He noted that next year will be the Bitcoin “halving” event. This is a programmed occurrence in which the rate of new Bitcoin being produced is reduced by half, increasing scarcity. “As scarcity increases and demand grows, assets generally rise in price,” Moritz said. “We’ve seen a very large uptick in interest from institutional capital, and when the smart money is getting into an asset class, it’s because they too see the potential for strong growth,” he added. Meanwhile, Ether dipped 0.20% to US$1,877. Like Bitcoin, the second-largest cryptocurrency still has some losses to recover and is down 3.13% for the week. Most other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours with the exception of Ether, XRP and TRX. All three logged moderate declines within 0.35%. Solana’s SOL led the winners, rising 3.11% to US$22.05 and jumping 13.67% for the week. The surge accompanies a growth in the Solana-based decentralized finance (DeFi) ecosystem. The Solana platform has seen its total locked value rise 8.3% since the start of July, according to DeFi data trackerDefiLlama. “SOL has gained over 15% in the last seven days. While I remain dubious about its ability to truly become a leader in the smart-contract world again, it seems that traders see things differently or at least are willing to take a bet on the coin now being undervalued,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market-makerKeyrock. Elsewhere, blockchain analytics firm Lookonchainreportedon Wednesday that a so-called whale trader deposited more than 141,000 BNB tokens (US$35 million) to crypto exchange Binance. The move was a potential precursor to theArkham (ARKM) token sale, which started on early Wednesday in Asia. The purchase has at least raised anticipation levels among investors prior to the event. The total crypto market capitalization moved up 0.50% in the past 24 hours to US$1.19 trillion, while trading volume dropped 17.52% to US$27.46 billion. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The mainForkast 500 NFT indexfell 0.91% in the 24 hours to 09:30 a.m. in Hong Kong to 2,707.4. Forkast’s Ethereum, Solana and Polygon NFT market indices also dropped, while Cardano’s index rose. Parallel Avatars, an Ethereum-based NFT collection for Web3 sci-fi gameParallel, was launched on July 11. It stormed the market with a sales volume of US$1.50 million in the past day. That made it the third-largest collection by 24-hour volume, according to data fromCryptoSlam. Station3 Patron, another newly-launched Ethereum NFT collection, ranked fifth with a 24-hour volume of US$985,500. “(Thecollection) raises funds to give grants to (Web3) builders. Holders of the NFT will be entered in raffles to win pretty highly regarded artwork from Tyler Hobbs (Fidenza artist), Ringeres, Thomas Lin Pedersen, etc, and the NFT artwork itself is from well-respected artist Grant Yun,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Sales volume for the Bored Ape Yacht Club (BAYC) collection dropped 13.92% to US$850,425 and fell out of the top 5 NFT collections. The collection’s floor price has dropped by 24% over the past 30 days, according to NFT analytics platformWGMI.io. Given the bearish sentiment for BAYC, ApeCoin, the utility token of the BAYC ecosystem, fell to an all-time low of US$1.86 last Friday. That is a near 50% drop from the start of the year, according to data fromCoinGecko. “There’s not much on the horizon that could turn this market around, and instead, I see prices falling much further when traders realize last week’s recovery was short-lived,” said Petscher in a Wednesdaycommentary. “The end of Blur’sseason tworewards could be a turning point, bringing the end of mass wash trading or the beginning of fresh new rewards.” Elsewhere, Japanese gaming giantSegaCorporation on Monday announced apartnershipwith Line Next, an NFT branch of social media platform Line Corp. The two companies will develop one of Sega’s classic game titles into a blockchain-based game featuring NFTs and digital payments. The partnership was unveiled days after Sega wasreportedto be winding down its Web3 gaming businesses. U.S. stock futurestradedflat as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped while S&P 500 and Nasdaq futures edged higher. All three major U.S. indexes closed higher in regular Tuesday trading. Investors are waiting for Wednesday’s release of the U.S. consumer price index (CPI) in June. The report will provide the latest insights into the country’s inflation situation and the Federal Reserve’s future monetary policies. Several Fed officialssaidon Monday that more interest rate hikes may be needed to bring the annual inflation rate below 2%. However, there were also those who noted that an end to the Fed’s monetary tightening cycle is in sight. Analysts expect the U.S. annual inflation rate to drop to 3.03% in June, down from 4% in May, according to aBloombergreport published Monday. The Federal Reserve meets on July 26 to discuss its next move on rates, which now sit between 5% and 5.25%. TheCME FedWatch Toolpredicts a 92.4% chance the Fed will enact a 25-basis-point rate increase this month, and a 7.6% chance it will leave the rate unchanged. Meanwhile, the U.S. producer price index in June is set to be released on Thursday. U.S. financial giants including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock will also release their second-quarter earnings later this week to kick off the reporting season. Elsewhere, main stock indexes across Asia traded mixed on Wednesday morning. China’sShanghai Compositeand Japan’sNikkeiedged lower, while Hong Kong’sHang Sengand South Korea’sKospitraded higher. The People’s Bank of China on Tuesdayreportedan acceleration in the country’s new loans for June. That raisedhopethat the economy’s growth will speed up in the second half of the year. (Updates with equity section.)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near US$1,900, while most other top 10 non-stablecoin cryptocurrencies logged gains. Cardano’s ADA token led the winners. In other markets, NFTs traded flat, while U.S. equity futures did the same. The week ahead brings lots more earnings in the U.S. for investors to get a picture of the state of the economy, while the Federal Reserve has a two-day meeting where it’s expected to raise interest rates.\nBitcoin rose 1.33% over the 24 hours to US$30,059 as of 07:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. Ether gained 1.73% to US$1,887.\nHowever, both tokens have yet tomake up lossesfor the past seven days, with Bitcoin off 0.37% for the week, while Ether is sitting on a weekly loss of 1.73%.\xa0Bitcoin fell back later in the morning.\nTrading in Bitcoin and Ether will remain rangebound until the Fed decision on rates on July 27, Mark Wong, senior trader at Hong Kong-based digital asset platform Hashkey Group, said in a Friday newsletter. “A rate hike is all but priced in with an implied probability of 99.8% from the futures market,” Wong said.\nMost other top 10 non-stablecoin cryptocurrencies also traded higher Monday, with Cardano’s ADA token leading the winners with a gain of 3.01% to US$0.3169 and up 0.59% for the week.\nInput Output Global, one of the developers behind the Cardano blockchain, last week saidMithril– a Cardano stake-based signature scheme – was nearing its mainnet launch to improve the node syncing and security of the Cardano network.\nOn the regulatory front, a portion of the court’s recent verdict in theRipple casewas “wrongly decided,”saidthe U.S. Securities and Exchange Commission (SEC) on Friday in documents filed in its on-going lawsuit against Singapore-based Terraform Labs, hinting that the SEC would challenge the Ripple ruling.\nThe SEC in FebruarychargedSingapore-based Terraform Labs Pte and its co-founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume rose 13.56% to US$24.5 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.08% in the past 24 hours to 2,674.69 as of 10:10 a.m. in Hong Kong. Forkast’s Ethereum, Solana and Polygon NFT market indices moved lower, while the Cardano index logged gains.\nTotal NFT sales volume rose 1.30% in the past 24 hours to US$17.24 million, according to data fromCryptoSlam, with the volume on Ethereum totaling US$12.02 million or more than two thirds of the total.\nAmong all NFT collections, Ethereum-based Bored Ape Yacht Club topped the 24-hour sales volume at US$1.60 million, edging up 1.19%. Volumes traded mixed in the top five NFT collections.\nOpenSea, the world’s second-largest NFT marketplace by trading volume,launchedits “Deals” function on Friday, which allows its NFT holders to directly swap their collections with each other and include wrapped Ether (WETH) in their offers to sweeten up the transactions.\nElsewhere, the slump in value of Twitter Co-Founder Jack Dorsey’s first NFT caught the attention of mainstream media includingCNBCandthe Economic Timeson Sunday. The NFT, based on Dorsey’s first Twitter post, sold at over US$2.1 million in 2021, but the highest offer for the NFT is now 1 ETH (US$1,875), according toOpenSea.\n“The NFT market is looking rather flat in the Forkast 500 index, (which) reflects that continued downtrend we’ve been watching most of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs,saidon Friday. The Forkast 500 NFT index has dropped over 35% since the start of the year.\n“With the exception of January, the market almost completely slants right,” said Petscher.\nU.S. stock futurestradedmixed as of 12:30 p.m. in Hong Kong, with Dow Jones Industrial Average and S&P 500 futures dipping and Nasdaq futures edging higher. The three major U.S. indexes closed mixed in regular trading on Friday.\nAsia’s main stock indexes also traded mixed on Monday morning. China’sShanghai Composite, Japan’sNikkeiand South Korea’sKospiall gained, while Hong Kong’sHang Sengfell.\nThe U.S. Federal Reserve meets Wednesday and Thursday this week on interest rates and analysts overwhelmingly expect another 25-basis-point rate hike. The European Central Bank (ECB) is also expected to raise its rates later this week.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise rates to the range of 5.25% to 5.5% on July 26, the highest since January 2001.\nWith a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according toBloombergon Saturday.\nAlong with the Fed and ECB, Japan’s central bank will also meet this week, but there is little likelihood of any change to its ultra-loose monetary policy.\nIn the U.S. this week, more than 150 U.S. corporations, including Microsoft, Alphabet and Meta Platforms, will release second-quarter results.\n(Updates with equity section.)', 'Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near US$1,900, while most other top 10 non-stablecoin cryptocurrencies logged gains. Cardano’s ADA token led the winners. In other markets, NFTs traded flat, while U.S. equity futures did the same. The week ahead brings lots more earnings in the U.S. for investors to get a picture of the state of the economy, while the Federal Reserve has a two-day meeting where it’s expected to raise interest rates.\nBitcoin rose 1.33% over the 24 hours to US$30,059 as of 07:30 a.m. in Hong Kong, according todatafrom CoinMarketCap. Ether gained 1.73% to US$1,887.\nHowever, both tokens have yet tomake up lossesfor the past seven days, with Bitcoin off 0.37% for the week, while Ether is sitting on a weekly loss of 1.73%.\xa0Bitcoin fell back later in the morning.\nTrading in Bitcoin and Ether will remain rangebound until the Fed decision on rates on July 27, Mark Wong, senior trader at Hong Kong-based digital asset platform Hashkey Group, said in a Friday newsletter. “A rate hike is all but priced in with an implied probability of 99.8% from the futures market,” Wong said.\nMost other top 10 non-stablecoin cryptocurrencies also traded higher Monday, with Cardano’s ADA token leading the winners with a gain of 3.01% to US$0.3169 and up 0.59% for the week.\nInput Output Global, one of the developers behind the Cardano blockchain, last week saidMithril– a Cardano stake-based signature scheme – was nearing its mainnet launch to improve the node syncing and security of the Cardano network.\nOn the regulatory front, a portion of the court’s recent verdict in theRipple casewas “wrongly decided,”saidthe U.S. Securities and Exchange Commission (SEC) on Friday in documents filed in its on-going lawsuit against Singapore-based Terraform Labs, hinting that the SEC would challenge the Ripple ruling.\nThe SEC in FebruarychargedSingapore-based Terraform Labs Pte and its co-founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.\nThe total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume rose 13.56% to US$24.5 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.08% in the past 24 hours to 2,674.69 as of 10:10 a.m. in Hong Kong. Forkast’s Ethereum, Solana and Polygon NFT market indices moved lower, while the Cardano index logged gains.\nTotal NFT sales volume rose 1.30% in the past 24 hours to US$17.24 million, according to data fromCryptoSlam, with the volume on Ethereum totaling US$12.02 million or more than two thirds of the total.\nAmong all NFT collections, Ethereum-based Bored Ape Yacht Club topped the 24-hour sales volume at US$1.60 million, edging up 1.19%. Volumes traded mixed in the top five NFT collections.\nOpenSea, the world’s second-largest NFT marketplace by trading volume,launchedits “Deals” function on Friday, which allows its NFT holders to directly swap their collections with each other and include wrapped Ether (WETH) in their offers to sweeten up the transactions.\nElsewhere, the slump in value of Twitter Co-Founder Jack Dorsey’s first NFT caught the attention of mainstream media includingCNBCandthe Economic Timeson Sunday. The NFT, based on Dorsey’s first Twitter post, sold at over US$2.1 million in 2021, but the highest offer for the NFT is now 1 ETH (US$1,875), according toOpenSea.\n“The NFT market is looking rather flat in the Forkast 500 index, (which) reflects that continued downtrend we’ve been watching most of the year,” Yehudah Petscher, NFT Strategist at Forkast Labs,saidon Friday. The Forkast 500 NFT index has dropped over 35% since the start of the year.\n“With the exception of January, the market almost completely slants right,” said Petscher.\nU.S. stock futurestradedmixed as of 12:30 p.m. in Hong Kong, with Dow Jones Industrial Average and S&P 500 futures dipping and Nasdaq futures edging higher. The three major U.S. indexes closed mixed in regular trading on Friday.\nAsia’s main stock indexes also traded mixed on Monday morning. China’sShanghai Composite, Japan’sNikkeiand South Korea’sKospiall gained, while Hong Kong’sHang Sengfell.\nThe U.S. Federal Reserve meets Wednesday and Thursday this week on interest rates and analysts overwhelmingly expect another 25-basis-point rate hike. The European Central Bank (ECB) is also expected to raise its rates later this week.\nTheCME FedWatch Toolpredicts a 99.8% chance the Fed will raise rates to the range of 5.25% to 5.5% on July 26, the highest since January 2001.\nWith a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according toBloombergon Saturday.\nAlong with the Fed and ECB, Japan’s central bank will also meet this week, but there is little likelihood of any change to its ultra-loose monetary policy.\nIn the U.S. this week, more than 150 U.S. corporations, including Microsoft, Alphabet and Meta Platforms, will release second-quarter results.\n(Updates with equity section.)', 'Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near US$1,900, while most other top 10 non-stablecoin cryptocurrencies logged gains. Cardano\x92s ADA token led the winners. In other markets, NFTs traded flat, while U.S. equity futures did the same. The week ahead brings lots more earnings in the U.S. for investors to get a picture of the state of the economy, while the Federal Reserve has a two-day meeting where it\x92s expected to raise interest rates. Crypto Bitcoin rose 1.33% over the 24 hours to US$30,059 as of 07:30 a.m. in Hong Kong, according to data from CoinMarketCap. Ether gained 1.73% to US$1,887. However, both tokens have yet to make up losses for the past seven days, with Bitcoin off 0.37% for the week, while Ether is sitting on a weekly loss of 1.73%.\xa0Bitcoin fell back later in the morning. Trading in Bitcoin and Ether will remain rangebound until the Fed decision on rates on July 27, Mark Wong, senior trader at Hong Kong-based digital asset platform Hashkey Group, said in a Friday newsletter. \x93A rate hike is all but priced in with an implied probability of 99.8% from the futures market,\x94 Wong said. Most other top 10 non-stablecoin cryptocurrencies also traded higher Monday, with Cardano\x92s ADA token leading the winners with a gain of 3.01% to US$0.3169 and up 0.59% for the week. Input Output Global, one of the developers behind the Cardano blockchain, last week said Mithril \x96 a Cardano stake-based signature scheme \x96 was nearing its mainnet launch to improve the node syncing and security of the Cardano network. On the regulatory front, a portion of the court\x92s recent verdict in the Ripple case was \x93wrongly decided,\x94 said the U.S. Securities and Exchange Commission (SEC) on Friday in documents filed in its on-going lawsuit against Singapore-based Terraform Labs, hinting that the SEC would challenge the Ripple ruling. The SEC in February charged Singapore-based Terraform Labs Pte and its co-founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. Story continues The total crypto market capitalization rose 1.14% in the past 24 hours to US$1.20 trillion, while trading volume rose 13.56% to US$24.5 billion. Forkast 500 flat, OpenSea starts NFT swapping The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.08% in the past 24 hours to 2,674.69 as of 10:10 a.m. in Hong Kong. Forkast\x92s Ethereum, Solana and Polygon NFT market indices moved lower, while the Cardano index logged gains. Total NFT sales volume rose 1.30% in the past 24 hours to US$17.24 million, according to data from CryptoSlam , with the volume on Ethereum totaling US$12.02 million or more than two thirds of the total. Among all NFT collections, Ethereum-based Bored Ape Yacht Club topped the 24-hour sales volume at US$1.60 million, edging up 1.19%. Volumes traded mixed in the top five NFT collections. OpenSea, the world\x92s second-largest NFT marketplace by trading volume, launched its \x93Deals\x94 function on Friday, which allows its NFT holders to directly swap their collections with each other and include wrapped Ether (WETH) in their offers to sweeten up the transactions. Elsewhere, the slump in value of Twitter Co-Founder Jack Dorsey\x92s first NFT caught the attention of mainstream media including CNBC and the Economic Times on Sunday. The NFT, based on Dorsey\x92s first Twitter post, sold at over US$2.1 million in 2021, but the highest offer for the NFT is now 1 ETH (US$1,875), according to OpenSea . \x93The NFT market is looking rather flat in the Forkast 500 index, (which) reflects that continued downtrend we\x92ve been watching most of the year,\x94 Yehudah Petscher, NFT Strategist at Forkast Labs, said on Friday. The Forkast 500 NFT index has dropped over 35% since the start of the year. \x93With the exception of January, the market almost completely slants right,\x94 said Petscher. US equities await Fed, earnings Federal Reserve Chairman Jerome Powell\|Image: Getty Images U.S. stock futures traded mixed as of 12:30 p.m. in Hong Kong, with Dow Jones Industrial Average and S&P 500 futures dipping and Nasdaq futures edging higher. The three major U.S. indexes closed mixed in regular trading on Friday. Asia\x92s main stock indexes also traded mixed on Monday morning. China\x92s Shanghai Composite , Japan\x92s Nikkei and South Korea\x92s Kospi all gained, while Hong Kong\x92s Hang Seng fell. The U.S. Federal Reserve meets Wednesday and Thursday this week on interest rates and analysts overwhelmingly expect another 25-basis-point rate hike. The European Central Bank (ECB) is also expected to raise its rates later this week. The CME FedWatch Tool predicts a 99.8% chance the Fed will raise rates to the range of 5.25% to 5.5% on July 26, the highest since January 2001. With a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according to Bloomberg on Saturday. Along with the Fed and ECB, Japan\x92s central bank will also meet this week, but there is little likelihood of any change to its ultra-loose monetary policy. In the U.S. this week, more than 150 U.S. corporations, including Microsoft, Alphabet and Meta Platforms, will release second-quarter results. (Updates with equity section.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds near $30,000, as investors remain cautious, an analyst says.\nInsights:Ben Zhou, the CEO of crypto exchange Bybit, sees different regional hubs competing for business in the future.\nCoinDesk Market Index (CMI)\n1,258\n+10.7▲0.9%\nBitcoin (BTC)\n$29,951\n+90.7▲0.3%\nEthereum (ETH)\n$1,882\n+13.1▲0.7%\nS&P 500\n4,536.34\n+1.5▲0.0%\nGold\n$1,964\n−0.8▼0.0%\nNikkei 225\n32,304.25\n−186.3▼0.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,258", "+10.7\\u25b20.9%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,951", "+90.7\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,882", "+13.1\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,536.34", "+1.5\\u25b20.0%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,964", "\\u22120.8\\u25bc0.0%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,304.25", "\\u2212186.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nCrypto Traders Are Cautious as BTC Maintains $30K\nAs Asia begins its trading week, theCoinDesk Market Indexis at 1,302, up 1.27%.\nBitcoin is at $29,951, up 0.3%, while ether is up 0.7% at $1,882.\n“The trading range remains relatively narrow due to investors\' cautious stance, primarily influenced by ongoing developments surrounding the legal case of XRP,” Johnny Teng, Senior Researcher at LBank Labs, wrote in a note to CoinDesk. “The disappointment expressed by SEC chair Gary Gensler over the court\'s ruling on the securitization of XRP token has added to uncertainty, with the possibility of an appeal by the SEC further complicating the situation.”\nAnticipated selling pressure from the U.S. government\'s sale of confiscated BTC and profit realization by short-term holders, combined with strong support from institutional players and the existence of significant liquidity around $24,300, is contributing to a state of heightened uncertainty in the bitcoin market, necessitating prudent decision-making by investors, added Teng.\nBitBull Capital’s Joe DiPasquale said that the market appears to be continuing a consolidation, and the sentiment is still positive, but both bulls and bears need to be cautious.\n“For now, bulls may want to be cautious since drops are not out of the question,” DiPasquale wrote in a note to CoinDesk. “Bears will need to be extra cautious, since their downside risk, at this point, is far greater than any potential gain projections.”\nThis week is scheduled to be a busy one, with the FOMC decision on interest-rate policy due Wednesday, alongside plenty of earnings. But its already been telegraphed that thisrate hike will be the last, meaning traders might have already priced it in.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+5.3%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221217.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u221212.8%", "DACS Sector": "Computing"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platform"}]\nBybit CEO Ben Zhou: Regulators See "Opportunity, Rather Than Crisis"\nThe tone regulators are taking with regard to crypto is remarkably different in Asia and the Middle East to North America, said the CEO of Bybit, Ben Zhou, in an interview with CoinDesk.\nCrypto licensing is no longer a process governed by anxiety and fear, Zhou observed, and while different jurisdictions are taking unique approaches, there is a shared commonality in that regulators are looking to work with crypto companies and not against them.\n“You start to see many regulators realizing this is actually an opportunity, rather than a crisis,” Zhou told CoinDesk. “Hong Kong, for example, is becoming extremely aggressive, trying to attract crypto companies, trying to attract talent."\nWhile all regulators, broadly, want the same goal they aren’t at the same place in the race.\nDubai’s Virtual Assets Regulatory Authority (VARA), in Zhou’s opinion, is right now “more advanced” than Hong Kong.\n“I think Hong Kong is at the very early stage, a little bit like how Singapore was maybe three, four years ago,” he said. “They\'re at the grandfathering stage.”\nVARA, as Zhou explains from his interactions with them in getting Bybit licensed, has sophisticated,detailed procedures exchanges need to go through in order to get licensed. These include explaining how the exchange scrutinizes transactions, addresses sanctions, Anti-Money Laundering practices, and preventing engagement with polluted addresses.\nBybit doesn’t operate in the U.S., but once welcomed customers from Canada. Itexited the country in May, citing a “challenging regulatory environment.”\n“The attitude towards crypto in Canada has changed dramatically after FTX," he said.\nBybit had ongoing conversations with Canadian regulators and was invited to apply for a license, but post-FTX, the company decided to leave the market due to rules prohibiting stablecoins.\nIt should be noted that Hong Kong alsobans stablecoins– for now. It just wantsspecific regulations in placefirst before retail traders will be allowed to have access to them (and forget about algorithmic stablecoins).\nDoes that mean Bybit will consider re-entry into the Canadian market?\nCertainly, Zhou said, if the rules change.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing/Bank Services PMI (July Preliminary)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Chicago Fed National Activity Index (June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSOL, XRP Lead Decline in Crypto Majors; Gucci and Christie\'s Team Up on NFT Collection\nProfit taking in bitcoin (BTC) contributed to a broader market drop as tokens of some of the largest blockchains, such as Solana\'s SOL, fell as much as 8% in the past 24 hours. WisdomTree head of digital assets Will Peck shared his crypto markets analysis. ETF Think Tank research director Cinthia Murphy discussed the spot bitcoin ETF race. Plus, artist Mario Klingemann and Sebastian Sanchez from Christie\'s reflected on the future of Web3 in the art world.\nCraig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal:The self-proclaimed author of the Bitcoin white paper claims the operation of Bitcoin and Bitcoin Cash violate his intellectual property rights.\nArkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet:Some bounties that have received a submission include identifying an address owned by MicroStrategy with over 10,000 BTC volume.\n\'Razzlekhan,\' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions:The pair were ordered to forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange.\nBitcoin, Ether Headed Toward Losing Months in Usually Upbeat July:BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.', 'Good morning. Here’s what’s happening: Prices: Bitcoin holds near $30,000, as investors remain cautious, an analyst says. Insights: Ben Zhou, the CEO of crypto exchange Bybit, sees different regional hubs competing for business in the future. Prices CoinDesk Market Index (CMI) 1,258 +10.7 ▲ 0.9% Bitcoin (BTC) $29,951 +90.7 ▲ 0.3% Ethereum (ETH) $1,882 +13.1 ▲ 0.7% S&P 500 4,536.34 +1.5 ▲ 0.0% Gold $1,964 −0.8 ▼ 0.0% Nikkei 225 32,304.25 −186.3 ▼ 0.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,258 +10.7 ▲ 0.9% Bitcoin (BTC) $29,951 +90.7 ▲ 0.3% Ethereum (ETH) $1,882 +13.1 ▲ 0.7% S&P 500 4,536.34 +1.5 ▲ 0.0% Gold $1,964 −0.8 ▼ 0.0% Nikkei 225 32,304.25 −186.3 ▼ 0.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Traders Are Cautious as BTC Maintains $30K As Asia begins its trading week, the CoinDesk Market Index is at 1,302, up 1.27%. Bitcoin is at $29,951, up 0.3%, while ether is up 0.7% at $1,882. “The trading range remains relatively narrow due to investors\' cautious stance, primarily influenced by ongoing developments surrounding the legal case of XRP,” Johnny Teng, Senior Researcher at LBank Labs, wrote in a note to CoinDesk. “The disappointment expressed by SEC chair Gary Gensler over the court\'s ruling on the securitization of XRP token has added to uncertainty, with the possibility of an appeal by the SEC further complicating the situation.” Anticipated selling pressure from the U.S. government\'s sale of confiscated BTC and profit realization by short-term holders, combined with strong support from institutional players and the existence of significant liquidity around $24,300, is contributing to a state of heightened uncertainty in the bitcoin market, necessitating prudent decision-making by investors, added Teng. BitBull Capital’s Joe DiPasquale said that the market appears to be continuing a consolidation, and the sentiment is still positive, but both bulls and bears need to be cautious. Story continues “For now, bulls may want to be cautious since drops are not out of the question,” DiPasquale wrote in a note to CoinDesk. “Bears will need to be extra cautious, since their downside risk, at this point, is far greater than any potential gain projections.” This week is scheduled to be a busy one, with the FOMC decision on interest-rate policy due Wednesday, alongside plenty of earnings. But its already been telegraphed that this rate hike will be the last , meaning traders might have already priced it in. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +5.3% Currency Solana SOL +3.0% Smart Contract Platform Ethereum ETH +1.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −17.8% Smart Contract Platform Chainlink LINK −12.8% Computing Terra LUNA −9.5% Smart Contract Platform Insights/News Bybit CEO Ben Zhou: Regulators See "Opportunity, Rather Than Crisis" The tone regulators are taking with regard to crypto is remarkably different in Asia and the Middle East to North America, said the CEO of Bybit, Ben Zhou, in an interview with CoinDesk. Crypto licensing is no longer a process governed by anxiety and fear, Zhou observed, and while different jurisdictions are taking unique approaches, there is a shared commonality in that regulators are looking to work with crypto companies and not against them. “You start to see many regulators realizing this is actually an opportunity, rather than a crisis,” Zhou told CoinDesk. “Hong Kong, for example, is becoming extremely aggressive, trying to attract crypto companies, trying to attract talent." While all regulators, broadly, want the same goal they aren’t at the same place in the race. Dubai’s Virtual Assets Regulatory Authority (VARA), in Zhou’s opinion, is right now “more advanced” than Hong Kong. “I think Hong Kong is at the very early stage, a little bit like how Singapore was maybe three, four years ago,” he said. “They\'re at the grandfathering stage.” VARA, as Zhou explains from his interactions with them in getting Bybit licensed, has sophisticated,detailed procedures exchanges need to go through in order to get licensed. These include explaining how the exchange scrutinizes transactions, addresses sanctions, Anti-Money Laundering practices, and preventing engagement with polluted addresses. Bybit doesn’t operate in the U.S., but once welcomed customers from Canada. It exited the country in May , citing a “challenging regulatory environment.” “The attitude towards crypto in Canada has changed dramatically after FTX," he said. Bybit had ongoing conversations with Canadian regulators and was invited to apply for a license, but post-FTX, the company decided to leave the market due to rules prohibiting stablecoins. It should be noted that Hong Kong also bans stablecoins – for now. It just wants specific regulations in place first before retail traders will be allowed to have access to them (and forget about algorithmic stablecoins). Does that mean Bybit will consider re-entry into the Canadian market? Certainly, Zhou said, if the rules change. Important events. 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Manufacturing/Bank Services PMI (July Preliminary) 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Chicago Fed National Activity Index (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SOL, XRP Lead Decline in Crypto Majors; Gucci and Christie\'s Team Up on NFT Collection Profit taking in bitcoin (BTC) contributed to a broader market drop as tokens of some of the largest blockchains, such as Solana\'s SOL, fell as much as 8% in the past 24 hours. WisdomTree head of digital assets Will Peck shared his crypto markets analysis. ETF Think Tank research director Cinthia Murphy discussed the spot bitcoin ETF race. Plus, artist Mario Klingemann and Sebastian Sanchez from Christie\'s reflected on the future of Web3 in the art world. Other Headlines Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal: The self-proclaimed author of the Bitcoin white paper claims the operation of Bitcoin and Bitcoin Cash violate his intellectual property rights. Arkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet: Some bounties that have received a submission include identifying an address owned by MicroStrategy with over 10,000 BTC volume. \'Razzlekhan,\' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions: The pair were ordered to forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange. Bitcoin, Ether Headed Toward Losing Months in Usually Upbeat July: BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.', "Hong Kong was once a crypto hot spot,home to initial coin offerings and exchanges galore, before regulators began knocking on doors and talking about banning retail investment, which scared most industry participants away to other jurisdictions.\nJohnny Ng is working to bring them back, with inadvertent help from U.S. regulators.\nA member of the city’s Legislative Council (LegCo),Ng sent a viral tweet last monthinviting crypto exchanges globally – andCoinbase specifically –to apply for a license in Hong Kong. Four days earlier, Coinbase had been sued by the U.S. Securities and Exchange Commission (SEC), so it was plausible to think the companywas looking for a new home.\nElected to LegCo last year, Ng has arguably become the de facto head of the legislature’s crypto caucus. He has lobbied Hong Kong chief executive John Lee to support digital assets in a high-profile way. This year, Lee gave a speech at the inauguration of theInstitute of Web 3.0 Hong Kong.It was a big deal given Hong Kong’s former status as a crypto hub.\nHis efforts come at a time when an increasingly inhospitable U.S. government isdriving digital asset firms offshorewhileotherjurisdictionsjockeyto become crypto hubs.\nOn the city’s Web3 push, Ng said, “I wouldn’t say it’s just me, but I am a part of it.”\nI recently met Ng for lunch in the Admiralty district of Hong Kong. We went to what he called his canteen, an upscale dim sum place with a view of the harbor. The shrimp dumplings came each in its own little basket, with gold brushed onto their skin. The staff knew his favorite table, slightly secluded from the rest, and addressed him as Legislator Ng.\nNg said he first heard about Bitcoin around 2011 when he was working on facial recognition technology. A friend asked if he wanted to start mining. Ng said he wasn’t convinced then.\nSix years later, when BTC was trading at a couple thousand dollars, he read the Bitcoin white paper and became interested. He started to look into why it was valued, attended local meetups and found true believers.\nNow he’s one too. Since becoming part of LegCo last year, he’s been promoting Web3.\nBeing a member of Hong Kong’s LegCo isn’t a full-time job so Ng also co-founded an accelerator for Web3 startups called G-Rocket. He claimed there’s no conflict of interest because he declared his stake on a public registry and has recused himself from voting on Web3-related bills.\nExchanges have to get licenses under Hong Kong’snew regulationsto provide virtual asset trading services, and they will be operating under defined and strict parameters. For prospects like Coinbase, this is potentially appealing because they now have a clear route to operate under regulation.\nWhile a great deal has been made about allowing retail investors access to virtual assets, the coins Hong Kong residents will be able to access will be limited to those with large market capitalization that meet other criteria, including having a 12-month track record and being included in two indices that meet the regulator's guidelines.\nThe most common question Ng has fielded from licensed players is whether they can list more types of coins, but he said there will need to be meaningful volume first and Hong Kong is taking it “step by step.”\nSo far, only OSL and HashKey Group have Type 1 and 7 licenses under the previous opt-in regime, which means their applications for a license under the new regime should be smooth. When I said to Ng that at least one of those twoisn’t profitable,Ng said you can’t judge the licensing regime from the first two platforms that come under it. “To be honest,” he said, “no one knows what they’re doing. They’re not very into this, they just got the license first.”\nOnly larger players may be able to get licenses, he said, given the requirements for capital, hiring of responsible officers and experience.\n“Bigger exchanges are more stable,” Ng said, though he hedged by saying there’s no certainty. “Even the biggest can fall.”\nNg is quick to say that “Hong Kong isn’t a country, it’s just an administrative region” of mainland China. But he said the “One Country Two Systems” model allows Hong Kong to do things which suit it.\n“In the previous government [under former chief executive Carrie Lam], the opposition made passing laws a mess because they kept filibustering,” Ng said. (The opposition Democratic Party members resigned en masse after members were disqualified for supporting Hong Kong independence and refusing to recognize Beijing’s sovereignty over the city). “If you slow down government,” he said, “it doesn’t work.”\nThere is still the question of whether Hong Kong will fall in line with Beijing’s stance on crypto. Ng said Beijing was never against the tech, just the hype, which lured retail investors into bad investments. “China has 1.4 billion people with different levels of education,” he said.\nNg is part of a consultative body, the Chinese People’s Political Consultative Conference, which plays an advisory role to the mainland Chinese government. Wearing that hat, Ng submitted proposals to the Chinese government on blockchain in 2018 and Web3 earlier this year. He said he hasn’t received a response to either.\nOne reason Ng gave for advocating on behalf of Web3 is the technology’s potential to increase social mobility for young people. “Being born in the ’80s makes you a crypto elder,” he said.\nThe grandson of a migrant from Zhongshan in China, Ng said he grew up poor, born on the Kowloon peninsula. It's a long held joke in this city that the richest don’t leave Hong Kong Island, across the harbor from Kowloon.\nLooking back on his youth, he said the same families who were rich then in Hong Kong remain the richest now.\n“Traditionally successful entrepreneurs may not be interested in this industry,” he said. “Even if they are, they might not know how to play it.”\nI asked Ng whether he’s going to tweet an invite to Binance, the largest crypto exchange globally, which like Coinbase has been targeted by the U.S. SEC. Unlike Coinbase, which is unequivocally a U.S. company, Binancehas at times been cageyaboutwhere it’s headquartered,and SEC charges against the exchange go beyond allegedly listing unregistered securities: Binance is also accused of allowing commingling of funds, inflation of trading volume, and actively skirting regulation.\n“Binance?” Ng said with a laugh. “Yes, I didn’t mention that name.” He explained that he invited Coinbase because it’s publicly listed (unlike closely held Binance). If Coinbase were to come, it’d show Hong Kong policy is competitive.\nNo more named invitations are forthcoming, Ng said. “Everyone is welcome.”", "Hong Kong was once a crypto hot spot, home to initial coin offerings and exchanges galore, before regulators began knocking on doors and talking about banning retail investment, which scared most industry participants away to other jurisdictions. Johnny Ng is working to bring them back, with inadvertent help from U.S. regulators. A member of the city’s Legislative Council (LegCo), Ng sent a viral tweet last month inviting crypto exchanges globally – and Coinbase specifically – to apply for a license in Hong Kong. Four days earlier, Coinbase had been sued by the U.S. Securities and Exchange Commission (SEC), so it was plausible to think the company was looking for a new home. I hereby offer an invitation to welcome all global virtual asset trading operators including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance. pic.twitter.com/bcIi1IjMlc — Johnny Ng 吴杰庄 (@Johnny_nkc) June 10, 2023 Elected to LegCo last year, Ng has arguably become the de facto head of the legislature’s crypto caucus. He has lobbied Hong Kong chief executive John Lee to support digital assets in a high-profile way. This year, Lee gave a speech at the inauguration of the Institute of Web 3.0 Hong Kong. It was a big deal given Hong Kong’s former status as a crypto hub. His efforts come at a time when an increasingly inhospitable U.S. government is driving digital asset firms offshore while other jurisdictions jockey to become crypto hubs. On the city’s Web3 push, Ng said, “I wouldn’t say it’s just me, but I am a part of it.” REALIST: From skeptic to believer I recently met Ng for lunch in the Admiralty district of Hong Kong. We went to what he called his canteen, an upscale dim sum place with a view of the harbor. The shrimp dumplings came each in its own little basket, with gold brushed onto their skin. The staff knew his favorite table, slightly secluded from the rest, and addressed him as Legislator Ng. Ng said he first heard about Bitcoin around 2011 when he was working on facial recognition technology. A friend asked if he wanted to start mining. Ng said he wasn’t convinced then. Six years later, when BTC was trading at a couple thousand dollars, he read the Bitcoin white paper and became interested. He started to look into why it was valued, attended local meetups and found true believers. Story continues Now he’s one too. Since becoming part of LegCo last year, he’s been promoting Web3. Being a member of Hong Kong’s LegCo isn’t a full-time job so Ng also co-founded an accelerator for Web3 startups called G-Rocket. He claimed there’s no conflict of interest because he declared his stake on a public registry and has recused himself from voting on Web3-related bills. New licensing regulations Exchanges have to get licenses under Hong Kong’s new regulations to provide virtual asset trading services, and they will be operating under defined and strict parameters. For prospects like Coinbase, this is potentially appealing because they now have a clear route to operate under regulation. While a great deal has been made about allowing retail investors access to virtual assets, the coins Hong Kong residents will be able to access will be limited to those with large market capitalization that meet other criteria, including having a 12-month track record and being included in two indices that meet the regulator's guidelines. The most common question Ng has fielded from licensed players is whether they can list more types of coins, but he said there will need to be meaningful volume first and Hong Kong is taking it “step by step.” So far, only OSL and HashKey Group have Type 1 and 7 licenses under the previous opt-in regime, which means their applications for a license under the new regime should be smooth. When I said to Ng that at least one of those two isn’t profitable, Ng said you can’t judge the licensing regime from the first two platforms that come under it. “To be honest,” he said, “no one knows what they’re doing. They’re not very into this, they just got the license first.” Only larger players may be able to get licenses, he said, given the requirements for capital, hiring of responsible officers and experience. “Bigger exchanges are more stable,” Ng said, though he hedged by saying there’s no certainty. “Even the biggest can fall.” Beijing’s long shadow Ng is quick to say that “Hong Kong isn’t a country, it’s just an administrative region” of mainland China. But he said the “One Country Two Systems” model allows Hong Kong to do things which suit it. “In the previous government [under former chief executive Carrie Lam], the opposition made passing laws a mess because they kept filibustering,” Ng said. (The opposition Democratic Party members resigned en masse after members were disqualified for supporting Hong Kong independence and refusing to recognize Beijing’s sovereignty over the city). “If you slow down government,” he said, “it doesn’t work.” There is still the question of whether Hong Kong will fall in line with Beijing’s stance on crypto. Ng said Beijing was never against the tech, just the hype, which lured retail investors into bad investments. “China has 1.4 billion people with different levels of education,” he said. Ng is part of a consultative body, the Chinese People’s Political Consultative Conference, which plays an advisory role to the mainland Chinese government. Wearing that hat, Ng submitted proposals to the Chinese government on blockchain in 2018 and Web3 earlier this year. He said he hasn’t received a response to either. Underdog One reason Ng gave for advocating on behalf of Web3 is the technology’s potential to increase social mobility for young people. “Being born in the ’80s makes you a crypto elder,” he said. The grandson of a migrant from Zhongshan in China, Ng said he grew up poor, born on the Kowloon peninsula. It's a long held joke in this city that the richest don’t leave Hong Kong Island, across the harbor from Kowloon. Looking back on his youth, he said the same families who were rich then in Hong Kong remain the richest now. “Traditionally successful entrepreneurs may not be interested in this industry,” he said. “Even if they are, they might not know how to play it.” Exit question I asked Ng whether he’s going to tweet an invite to Binance, the largest crypto exchange globally, which like Coinbase has been targeted by the U.S. SEC. Unlike Coinbase, which is unequivocally a U.S. company, Binance has at times been cagey about where it’s headquartered, and SEC charges against the exchange go beyond allegedly listing unregistered securities: Binance is also accused of allowing commingling of funds, inflation of trading volume, and actively skirting regulation. “Binance?” Ng said with a laugh. “Yes, I didn’t mention that name.” He explained that he invited Coinbase because it’s publicly listed (unlike closely held Binance). If Coinbase were to come, it’d show Hong Kong policy is competitive. No more named invitations are forthcoming, Ng said. “Everyone is welcome.” View comments", 'BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher.\nStill, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage.\nData tracked by Glassnode and Blockware Solutions show the ratio of open interest in BTC perpetual futures to bitcoin\'s market cap has been locked in a narrow range of 1.5% to 1.7% in the past four weeks. The ratio remains well below the high of 2.6% seen in September last year.\n"It shows that there has not been a change in the risk appetite of futures traders, despite BTC holding the $30,000 mark for the past month," analysts at Blockware Solutions said in a newsletter on Friday.\n"Open interest/market cap ratio remains relatively low, which means that spot will likely keep driving the price higher in the short to medium term as supply continues to slowly contract into the hands of long-term holders," analysts added.\nPerhaps traders do not see a bitcoin spot ETF as a game changer or worry about lingering regulatory uncertainty taking a toll on market valuations in the short term.\nPerpetuals are futures contracts with no expiry. Open interest refers to the dollar value locked in the number of active contracts.\nLeverage allows traders to open positions worth more than the money or coins deposited as a margin at the exchange. The use of leverage can magnify both profits and losses and exposes traders to liquidations – forced unwinding of bullish long or bearish short positions due to margin shortage. The higher the degree of leverage, the greater the probability that liquidations inject volatility into the market.\nAnother way to track the use of leverage in the market is by dividing the open interest by the value of BTC held in wallets tied to derivative exchange wallets. The so-called estimated leverage, popularised by South Korea-based CryptoQuant, has remained largely stagnant since June 20, a sign that the average trader is playing safe.\nLow degree of leverage in the market means reduced price volatility. Bitcoin has been listless in the range of $29,500 to $32,000 in the past four weeks. At press time, the cryptocurrency changed hands at $29,790, representing a 1% loss for the day (UTC), CoinDesk data show.', 'BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher. Still, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage. Data tracked by Glassnode and Blockware Solutions show the ratio of open interest in BTC perpetual futures to bitcoin\'s market cap has been locked in a narrow range of 1.5% to 1.7% in the past four weeks. The ratio remains well below the high of 2.6% seen in September last year. "It shows that there has not been a change in the risk appetite of futures traders, despite BTC holding the $30,000 mark for the past month," analysts at Blockware Solutions said in a newsletter on Friday. "Open interest/market cap ratio remains relatively low, which means that spot will likely keep driving the price higher in the short to medium term as supply continues to slowly contract into the hands of long-term holders," analysts added. The ratio of open interest to market cap remains stagnant (Glassnode, Blockware Solutions) Perhaps traders do not see a bitcoin spot ETF as a game changer or worry about lingering regulatory uncertainty taking a toll on market valuations in the short term. Perpetuals are futures contracts with no expiry. Open interest refers to the dollar value locked in the number of active contracts. Leverage allows traders to open positions worth more than the money or coins deposited as a margin at the exchange. The use of leverage can magnify both profits and losses and exposes traders to liquidations – forced unwinding of bullish long or bearish short positions due to margin shortage. The higher the degree of leverage, the greater the probability that liquidations inject volatility into the market. Another way to track the use of leverage in the market is by dividing the open interest by the value of BTC held in wallets tied to derivative exchange wallets. The so-called estimated leverage, popularised by South Korea-based CryptoQuant, has remained largely stagnant since June 20, a sign that the average trader is playing safe. The estimated leverage ratio remains rangebound. (CryptoQuant) Low degree of leverage in the market means reduced price volatility. Bitcoin has been listless in the range of $29,500 to $32,000 in the past four weeks. At press time, the cryptocurrency changed hands at $29,790, representing a 1% loss for the day (UTC), CoinDesk data show.', 'BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher.\nStill, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage.\nData tracked by Glassnode and Blockware Solutions show the ratio of open interest in BTC perpetual futures to bitcoin\'s market cap has been locked in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $567,874,414,031 - Hash Rate: 401990841.889808 - Transaction Count: 529923.0 - Unique Addresses: 704020.0 Social & AI Sentiment: - Fear & Greed Index: 0.55 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Federal Reserve building. REUTERS/Jonathan Ernst Major indexes rose on Tuesday ahead of new inflation data set to release midweek. Markets are also weighing comments from the Fed officials on Monday indicating rates need to go higher. Second-quarter earnings season will kick off on Friday with the big banks. US stocks climbed on Tuesday as traders weighed comments from Federal Reserve officials a day earlier and braced for an important inflation reading to drop on Wednesday. The Fed's Mary Daly and Loretta Mester both indicated on Monday that they see rates having to move higher in order to get inflation under control. The Fed paused rate hikes at its June meeting, though Mester said that if it were just up to her, she would have raised again. Meanwhile, Daly noted in remarks at the Brookings Institution that "a couple more" rate hikes are probably needed to get inflation to the Fed's 2% goal. The June consumer price index reading will publish on Wednesday, and traders are eagerly eyeing more signs that inflation continues to slow. Fundstrat's Tom Lee on Monday initiated a rare short-term buy call for the S&P 500 this week, predicting the benchmark index to rise to 4,500 by the end of the week on cooler CPI data. Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Tuesday: S&P 500 : 4,415.55, up 0.14% Dow Jones Industrial Average : 34,074.60, 0.38% (130.20 points) Nasdaq Composite : 13,706.74, up 0.16% Here's what else is happening today: Here are the 10 biggest surprises that changed the game for investors in the first half of the year. Bond king and former PIMCO exec Bill Gross warned that consumers are about to run out of cash , making recession more likely. Tech gets all the attention in this year's stock market rally but some of the biggest stars have been outshined by some unlikely names. Used car prices are crashing. That could be a big help to getting inflation lower. In commodities, bonds, and crypto: Oil prices were up. West Texas Intermediate crude climbed 1% to $73.76 a barrel. Brent, the international benchmark, rose 1% to $78.44 a barrel. Gold edged up 0.4% to $1,938.50 an ounce. The 10-year Treasury yield dipped two basis points to 3.978%. Bitcoin inched up less than 1% to $30,417. Read the original article on Business Insider... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.